A Stern Glance

Experts say economy crushing Las Vegas real estate market
By Brian Wargo In Business reporter
The group, composed of a lender, a bankruptcy attorney and a consultant, said the Las Vegas recovery will lag not only the nation but competing markets such as Phoenix.
Michael Shustek, CEO of Vestin Group, a real estate lender and asset manager, said [...]

Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to improve housing and the housing market for Americans: extension of the First Time Homebuyers Tax Credit for a limited period, extension of higher loan limits for home mortgages, and secure funding for the Housing Trust Fund.
“We welcome [...]

The Gross Domestic Product (GDP) rose 3.5 percent in the third quarter, the Commerce Department reported today and prompting analysts and economists to declare the recession is “unofficially over.” The growth was spurred by government spending, exports, consumer spending, buoyed by auto purchases driven by the now-expired cash-for-clunkers program with housing numbers helping to drive [...]

Sales of new homes dropped in September as the effects of a soon-to-expire tax credit for first-time owners started to wane.
The Commerce Department reported today that sales fell 3.6 percent to a seasonally adjusted annual rate of 402,000 from a downwardly revised 417,000 in August.
It was the first decline since March. Sales in September were [...]

Las Vegas ranked number three nationally in unemployment of the 49 metropolitan areas reported with a of 1 million or more.
At 13.9 percent, Las Vegas followed Detroit-Warren-Livonia, Mich., which had the highest unemployment rate in September, 17.3 percent and Riverside-San Bernardino-Ontario, Calif., 14.2 percent.
Sixteen additional large areas posted rates of 10.0 percent or more. The large [...]

New orders for long-lasting U.S. manufactured goods, or Durable Goods, rose 1 percent in September, reversing a 2.6 percent decline in August, but up from a 24.1 percent drop a year ago, Commerce Department reported today.Durable goods orders are considered a leading indicator of manufacturing.
Nondefense capital goods excluding aircraft, a closely watched indicator for business [...]

The following is self-explanatory. I’ve appended it with one of the scam emails being circulated:

TO:
CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)

SUBJECT:
Fraudulent E-Mails Claiming to Be From the FDIC

Summary:
E-mails fraudulently claiming to be from the FDIC are attempting to trick recipients into installing unknown software on personal computers. These e-mails falsely indicate that recipients [...]

The Conference Board Consumer Confidence Index, which had declined in September, deteriorated further in October. The Index now stands at 47.7 (1985=100), down from 53.4 in September. The Present Situation Index decreased to 20.7 from 23.0 last month. The Expectations Index declined to 65.7 from 73.7 in September.
The Consumer Confidence Survey is based on a [...]

Click here for the full news release.
On January 28, 2008, Harrah’s Entertainment was acquired by affiliates of Apollo Global Management, LLC and TPG Capital, LP. Accordingly, we have separated our 2008 historical financial results in the presentations included herein between the Successor period from January 28, 2008 through September 30, 2008, and the Predecessor period [...]

U.S. home prices in August rose for the fourth straight month, surpassing forecasts and providing the latest sign that the hard-hit housing market is stabilizing after a three-year slump, according to a report issued today.
The Standard & Poor’s/Case-Shiller composite index of home prices in 20 metropolitan areas rose 1.2 percent in August from July, above [...]