The Texas Teachers' Retirement Fund was a big investor in the Station Casinos buyout. The fund wanted to boost its returns. The Fertitta Brothers, who now own a majority of the company, were also donors to Governor Rick Perry's campaign. And the governor appointed the board that changed the teachers investment strategy to more aggressive investment in real estate and bonds. We talk with the reporter who investigated how TTRF lost its entire $99 million investment.
Last night the major contenders for the Republican Presidential nomination had a debate at the Venetian. It was held in conjunction with the Western States Republican Conference being held at the Venetian.
If you think the Democrats and the Republicans are only in it for themselves and don't care about real people, a new Internet-based political party might be for you. Americans Elect has just won minor party status in Nevada, which means it will be able to place its candidate for president on the ballot in 2012. But will the Internet produce a different kind of politics? Can enough people be motivated to attend an online nominating convention? Or will America Elects suffer the fate of most third parties in American History and fade after one or two elections.
The Nevada Legislature's finance committees met Saturday to finalize the budget for Medicaid. Like much else in Carson City these days, it looks like cuts. But nursing homes and physicians are saying that this will only further squeeze a stressed system. We hear stories of those who use Medicaid services and those who want some other kind of system to fund health care for the poor.