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Dicey, Icy Pricy 
by Vice President Knight Allen
Originally published on May 14, 2015 - reprinted with permission

    Well, the Legislature is moving right along - for better or for worse..

    Some good news: the collective bargaining reform bills are alive and seem to be progressing. Also the proposals to repeal Term Limits and the 2/3 majority vote for tax increases are dead. However, the tax increases are also dancing happily along and unless there are 15 "no's" in the Assembly the largest permanent tax increase in the history of Nevada will be approved by a REPUBLICAN Legislature and Governor.


    I came across a blurb in the Wall Street Journal (WSJ) on 4/30. It was a reprint of an article in Time magazine on June 24, 1974.Are you ready for this? "...a growing number of scientists are beginning to suspect that many seemingly contradictory meteorological fluctuations are actually part of a global climate upheaval." "...when meteorologists take an average of temperatures around the globe they find that the atmosphere has been growing gradually cooler for the past three decades. The trend shows noindication of reversing. Climatological Cassandras are becoming increasingly apprehensive, for the weather aberrations they are studying may be the harbinger of another ice age." "Telltale signs are everywhere - from the unexpected persistence and thickness of pack ice in the waters around Iceland to the southward migration of a warmth-loving creature like the armadillo from the Midwest. Since the 1940's the mean global temperature has dropped 2.7*F.

    Although that figure is at best an estimate, it is supported by other convincing data. "Interesting isn't it? Just substitute "warmer" for "cooler" and Time could rerun the column practically word for word (and probably has in one way or another). Do you get the feeling the only difference between global cooling vs warming (and now "climate change") is the fact nobody could figure out how to make a buck out of cooling while warming/climate change has spawned a multi-billion dollar industry?

    Speaking of which: in a WSJ article on 3/31; Mr. Tom Warner Chairman and CEO of Sun PowerCorp. reported on his company's 150 million dollar solar project in Chile built with no incentives, and selling its power at market prices. He stated the project was, "commercially financed, with merchant pricing, no incentives. It's not theoretical. It's being done. That plant is online." So, how come here in the US we have to open up every public treasury at every level of government to get solar power?
 How come?


    On 3/22 the Las Vegas Sun did a nice article comparing Tesla now with bringing Citigroup and its credit card processing operation to Clark County in 1985. I was struck by the fact there were no financial incentives give to Citi to come here. Governor Richard Bryan and the Legislature, in special session, changed the banking statute along with allowing the bank to change any interest rate they wanted but, no money giveaways. Citi got itself a mailing address of: "The Lakes, Nevada" rather than "Las Vegas" which didn't sit well with some folks but in a recent interview Mr. Bryan said it was a "seminal event and they could have called themselves anything they wanted."
  Epilogue: Citi shut down the operation in January 2014 and the building now sits empty at 8725 W. Sahara Avenue.
It seems to me enticing Citi to come here by changing our banking laws is substantially different than putting up a billion dollars of taxpayer money to get Tesla to build its "giga-factory." Citi had a good run and cost us nothing. With Tesla we can only hope that our elected leader's embrace of crony capitalism and corporate welfare works out.

Contact Vice-President Knight Allen

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