When you sue a debt collector for allegedly violating federal law, that collector can’t just go behind your back, buy the debt on the cheap at auction and get the whole case dismissed, can it? That tactic worked for one collection agency and, depending on how a federal appeals court rules, it could lead to many other debt collectors buying their way out of legal trouble. [More]
The same day that news broke of an ongoing FBI investigation into the legality of online daily fantasy sports sites like DraftKings and FanDuel, Nevada gaming regulators declared that these sites are unlicensed gambling businesses and barred them from operating in the state. [More]
Areas like Las Vegas, Phoenix, and Miami — all hit pretty hard by the collapse of the last housing bubble — are now seeing home prices rise at rates above the national average. But rather than this being an indicator that these areas are finally recovering, some worry that it’s just a lot of hot air being pumped into another bubble by Wall Street investors. [More]
Since the bottom dropped out of the housing market a few years ago, and even as most other locales have begun to claw their way out of the pits, Nevada and California have continued to churn out huge unemployment numbers. And the latest stats from the U.S. Bureau of Labor Statistics shows no real reversal in that trend.
The number of states where Amazon shoppers aren’t charged sales tax continues to shrink, as the massive online retailer has agreed to begin collecting the tax on sales to Nevada customers starting in 2014.
Sometimes it just takes a little followup. That’s what got a $896 ticket vaporized that the city of Las Vegas had erroneously slapped on Charlotte’s car while it was 2,000 miles away in New York state.
Charlotte is bewildered as to how her Camry somehow got a for $896.80 ticket for parking in a handicapped spot in Las Vegas while it was sitting happily in New York State. Had her car been secretly running out of town to go galavant around Sin City behind her back?
A temporary Walmart worker is accusing his former supervisors of forcing him to wear a yellow vest after learning of his sexual orientation. The worker, 18-year-old Fernando Gallardo, was quick to compare the retail behemoth to the Nazis in a complaint filed with the Nevada Equal Rights Commission.
Markus, the first legal male prostitute in the U.S., hung his shingle at the Shady Lady Ranch in Nevada in January. Since then he’s had “fewer than 10 paying customers” according to the Associated Press (which seems to imply there were some free samples maybe?), so he’s quitting and going back into porn. In other words, there’s a new opening at Shady Lady, gentlemen. Wait, that totally didn’t sound right.
If you’ve always skipped the brothels while in Nevada because they didn’t offer the kind of companionship you’re looking for, Merry Christmas! On Friday, the Nevada Board of Health changed its health code so that male sex workers can be tested regularly for STDs, which means starting next year men can sell sexual favors alongside the women working at the Shady Lady Ranch.
Legal brothels in Nevada are in a situation that has seemingly wandered out of an Economics 101 textbook. Scary as it is to reduce In the recession, more women are entering sex work (both legal and illegal) but there are fewer customers to go around.
Yesterday the FDIC shuttered the 28 branches of the First National Bank of Nevada and the First Heritage Bank. Federal regulators will perform a nifty little magic trick over the weekend, and on Monday, the branches will reopen as Mutual of Omaha Bank. Aren’t bank failures fun?!
May’s national foreclosure rate was up 90% from last year, and 19% from April according to Reuters. Some of the statistics being quoted by the media are astonishing to us: In Nevada, a formerly hot real estate market, there was 1 foreclosure filing for every 166 households. Nevada’s foreclosure rate was up 40% from April.