Quote Of The Day

"It’s going to create a very unstable situation going forward."
- Curtis Debord, CEO, U.S. Ordinance discussing the cratering of the oil market and the fact that a lot of the former employees of these oil companies won’t be coming back to work. This will likely cause havoc in major oil producer countries from Russia to Columbia, Venezuela and beyond as they rely on the oil revenues to fund their governments. - Friday, June 5, 2020.

"Max Pawn has evolved into a high-end luxury store. One of the highest end luxury stores in the country."
- Michael Mack, Owner, World Famous Max Pawn says that they have what looks like a designer store rather than an old-fashioned pawn shop. They sell all kinds of designer label watches, handbags and other high-end goods, now that traditional items like TV’s have become so inexpensive. - Thursday, June 4, 2020.

"Just like we have electricity in homes, we need to have internet access in homes."
- Jhone Ebert, Superintendent of Public Instruction, NV Dept of Education discussing the new normal of distance learning and one of the challenges that needs to be addressed, especially in rural areas. Another challenge will be social distancing in classrooms and on school buses, in already overcrowded conditions. - Wednesday, June 3, 2020.

"Landlords and renters have been communicating very well over this period."
- Susy Vasquez, Exec Dir for the Nv State Apartment Association says that renters have either been paying on time or making payment arrangements, with their landlords. - Tuesday, June 2, 2020.

"Overall, there’s sufficient resources for 26 years."
- Bernard Rowe, President, Ioneer USA Corp says that the Rhyolite Ridge Lithium/Boron mine (Esmerelda County) will begin commercial production within 3 years and with additional finds could become a multi-generational mine. - Friday, May 29, 2020.

"Covid never started for the Silver State."
- Rory McShane, CEO, McShane LLC says the Governor crippled the Silver States economy as though we had an infection rate of New York City. McShane says looking at the infection rates and hospital bed usage, in Nevada, obviously we did not. - Thursday, May 28, 2020.

"The building plans are in for the first big spec building and it sounds very interesting."
- Lowell Patton, President, Fernley Chamber reporting on the latest development on one of the two major industrial parks being developed in the Fernley area. Combined these two parks would have more developable land than the Tahoe Reno Industrial Center. - Wednesday, May 27, 2020.

"(potentially) We’re probably looking in July, for the first special session."
- John Sande IV, Principal, Argentum Partners says there is a lot information that needs to be sifted through before the Governor and Legislators are ready for a special session. It appears to be a question of when, not if. - Tuesday, May 26, 2020.

"As the Interim Finance Committee, we discussed this week how to use the Rainy-Day Funds to continue to cover expenses for public service programs like Medicaid, like K 12 education."
- State Senator, Yvanna Cancela, District 10 says she thought there was a valid discussion about the need for oversight and transparency over draining the entire $400 million dollar fund right away. The Republicans were up in arms over the lack of a plan in advance of the party line vote. - Friday, May 22, 2020.

"Look, it is a very high likelihood that it could happen. Not that it is absolute, but I think we have to understand that it is a function of science and not of timing. We've got to get on top of the virus before we get in front of the economy."
- Jeremy Aguero, Principal Analyst, Applied Analysis discussing a possible three-years-to-recovery scenario for Southern Nevada. - Thursday, May 21, 2020.

"There was a need to reduce governmental spending. And the other option would have been to try and raise more revenue but that was not feasible at that time."
- Former Nevada Governor Robert Miller looking back at the financial crises after the legislature had adjourned during his ten years in office. The cause then was a recession. He said it was nothing like what we are facing today. - Wednesday, May 20, 2020.

"I don’t have any interest in that. I don’t think it would be appropriate."
- Steve Yeager, Chairman, Assembly Judiciary Committee isn’t looking to make any changes in the Criminal Justice Reform bill that was passed last session, due to the pandemic. He says most jurisdictions have already made the changes, in advance of the law and that there are funds available from the feds to help with some of the associated costs. - Tuesday, May 19, 2020.

"Pain produces greatness."
- Par Tolles, Tolles Development Company who has been helping some of his restaurant tenants by not having them pay rent during this time. He says his investors are hanging in there for now and having been through several financial crisis, through his career, he remains optimistic. - Friday, May 15, 2020.

"To be at the level we were two months ago I think is going to take either into mid or end of 2022."
- Jan Jones Blackhurst, Caesars Board Member and Chief Executive, International Gaming Institute says that people who say Las Vegas is going away is like saying Disneyland is going away. It’s just going to take time to get back to where we were. Incidentally Shanghai Disney reopened this past week to limited visitors. - Friday, May 15, 2020.

"I think it’s going to be very difficult for about the next 18 months to two years, for the state."
- Terry Reynolds, Director, Nevada Department of Business and Industry says with the state’s gaming industry crippled, for now, it’s going to be a long road back. - Thursday, May 14, 2020.