Rexam share price jumps 25 per cent on £4.29bn takeover talks with US-based rival Ball Corporation

first_img Jessica Morris whatsapp whatsapp Show Comments ▼ Rexam share price jumps 25 per cent on £4.29bn takeover talks with US-based rival Ball Corporation Thursday 1 October 2015 1:32 pm Rexam’s share price soared today after the can maker said it was in talks over a potential bid by US rival Ball Corporation in an offer valuing the company at £4.29bn.FTSE 250-listed Rexam’s share price leapt as much as 29 per cent to 576 pence per share in early afternoon trading. The announcement came after media reports that the company was being eyed for a potential takeover by a US private equity firm.Rexam, which makes cans for the likes of Coca Cola, said Ball potential offer is two-thirds cash and one-third in the company’s shares.”Discussions on other matters are continuing and there can be no certainty any formal offer will be forthcoming, or as to the terms of any offer,” Rexam said in a statement to the London Stock Exchange.Ball Corp has until March 5 to make a firm offer or walk away.Rexam closed up 5.9 per cent to 474 pence this afternoon in London.(Source: Yahoo Finance) Sharelast_img read more

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News / Can the carriers fill all these ultra-large containerships? And if so, for how long?

first_img The current holder of the title of the world’s biggest containership, the 19,100 teu CSCL Globe, was full to the gunnels as it completed its North European maiden call this week.And it was a rare event for the industry as it caught the mainstream media’s attention, thanks to some enterprising PR.Many of the boxes in the deck stacks were no doubt empty, but for the purposes of the photo shoots a fully-loaded image was a necessity, and made a bullish statement for the Chinese carrier.Elsewhere last week, the starting gun was fired for the start of the big battle of the east-west alliances as the 18,270 teu Munkebo Maersk departed Dalian, China, on the inaugural sailing of the 2M alliance’s flagship Albatross / AE5 service between Asia and North Europe.The Munkebo Maersk will be followed by sister ship, Maren Maersk, leaving Dalian on 18 January and the 19,224 teu MSC Oscar on the 25th, when it will officially assume the crown of the world’s largest containership.Initially the service will deploy 11 ships of between 13,000 and 19,200 teu, but after further arrivals of Maersk Triple-E vessels and more MSC chartered-in 19,200 teu ships, the loop will become a standardised 18,300 – 19,200 teu service, thereby laying claim to be the alliance boasting the biggest ships.However, ultra-large containerships need to run with sufficient utilisation levels to enjoy the economy of scale advantage over their smaller ship-operating rivals –- after all that is the object of the billions of dollars invested in these behemoths, and not least the new attraction for a vessel sharing marriage between hitherto unlikely bedfellow competitors.Indeed, the carrier members of the east-west alliances are now resigned to filling their slot allocations with spot rate cargo after years of being in denial over the existence of this market.And the collapse of oil prices, which has resulted in bunker costs declining from $600 per tonne to below $250 in less than six months, has given the carriers plenty more wriggle-room to discount rates.Indeed, given the comments from a CSCL executive in Hamburg during the maiden call of the CSCL Globe – that due to the decline in bunker prices the breakeven point for headhaul cargo was now below $600 per teu – the prospects for the next round of carrier general rate increases due to be implemented at the end of this week do not appear good.Moreover, the G6, the CKYHE and, not least the newly-formed Ocean Three, alliances will certainly be fighting hard to keep, if not increase, market share. Thus the intense competition for cargo in the lead-up to the Chinese new year will only drive rates further south.The questions that might give carriers some sleepless nights in the next months are what happens: if consumers in North Europe postpone their big tickets spends due to negative inflation; or oil prices head back to the old ‘normal’? By Mike Wackett 14/01/2015last_img read more

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No politicians on new health boards says Minister

first_img Pinterest 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin TAGSHealth Board Facebook Facebook Twitter WhatsApp Home News No politicians on new health boards says Minister News Pinterest The Minister for Health has signalled that there will be no politicians on the proposed new regional health board structures.The return of health boards has been approved by Government when it was sanctioned by Cabinet last Wednesday.This is a major U-turn in health management policy since the HSE itself was established in 2005 when the 11 regional health boards fell out of favour and were abolished outright.Now six new regional health areas will be established over the next two years in what is being billed as a major shake-up of the health service. However, the HSE will not be dismantled but somehow or other will continue to run in parallel with the new health boards.The new structures will see regions in charge of their own budgets, planning and delivery of both hospital and community care.It is proposed that Laois will be included with Longford, Westmeath, Offaly, Kildare and parts of Dublin and Wicklow to form one of the new regions.This would be the second largest of the six regions by population, catering for about one million people. Tallaght and St James Hospitals are included in this configuration, along with the Coombe, Naas, St Lukes and the three regional hospitals in Portlaoise, Tullamore and Mullingar.Minister for Health Simon Harris said this would result in “clear financial and performance accountability” and “devolve authority from the HSE to local regions.”“We need less bureaucracy, we need more accountability and crucially we need fewer layers between the patient and the health service,” he said.Minister Harris said that the HSE was “never established in the right way and has never been fit for purpose.”He said that it will be up to each region to decide how best to deliver health services when they come in to operation as expected in 2021.“They will receive a budget and they will deliver services for their population within that budget. What we need to work out is the lines of accountability between them, the HSE and the Minister and the Department,” he said.But in terms of who would make up the Boards overseeing these new regional structures, Minister Harris said that membership would be based on “competency skillsets” and not local councillors.It is not clear therefore how this would achieve patient and public accountability which is one of the main criticisms levied against the current HSE apparatus.Previously the health boards were constituted by sectoral and professional representatives, and executive including the CEO and programme managers and public representatives from across the constituent counties.The Midland Health Board was made up of counties Laois-Offaly and Longford-Westmeath from 1970 until its abolition in 2005. Councillors from the four counties were among the 30 member Board which was chaired by a public representative. Its meetings and administrative HQ were in Tullamore.Laois councillors Tom Keenan, John Moloney and Marty Rohan were among those to have chaired the Midland Health Board.Not having any councillors on the membership of the new boards would also be in stark contrast to the current arrangement within the HSE, where the Dublin/Mid Leinster Health Forum has 39 councillors. However, it has no budget, real authority or autonomy and only meets every two months.Cllr Eddie Fitzpatrick from Portarlington who is a member of Offaly county council and a former chair of the health forum rejected the idea of excluding elected members on the new boards as a good idea.“Time and time again all they want to do is eliminate elected members and take us away from the decision making as they don’t want any hassle or to answer any questions.“People are constantly in contact with their local councillors and TDs on health issues and problems with the health service. It’s important to have people on the boards who are on the ground and getting that type of feedback.“Members of the public will constantly tell you that one of the big problems they have is getting answers or making contact with the HSE.”The chairman of Laois County Council, himself a former member of the Midland Health Board, Cllr Willie Aird said that he would have to first establish what exactly is proposed and planned before he could give an informed response. In principle he welcomes the return of the health board structures.“I’d have to check it out first. I will be in contact with Minister to see what exactly is being proposed as we have not been furnished with the details yet.“If there were no public representatives involved then the question is, who is going to represent the public and public interest as such,” queried Cllr Aird.SEE ALSO – All of Sunday’s Laois GAA results on a wet and busy day GAA Twitter Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory WhatsApp RELATED ARTICLESMORE FROM AUTHOR By John Whelan – 22nd July 2019 Here are all of Wednesday’s Laois GAA results Previous articleLaois Camogie U-16s take step closer to All-Ireland semi finals following Derry winNext articleU-20 boss O’Loughlin says rule change needed if he is to stay in charge John WhelanJohn Whelan has been a journalist, commentator, columnist, political analyst, campaigner, politician and publisher ever since he was 17. Having been Editor of the Leinster Express, Offaly Express and the Leinster Leader he has also contributed extensively on a number of issues to all of the country’s flagship titles and programmes including the Irish Press, The Irish Independent, the Star, the Sunday Independent, the Sunday Business Post, The Sunday Times and Prime Time. He is founder of Communicate Ireland a PR, public affairs, event management and media services company.He is the author of the popular camping blog, Vanhalla – Camper Heaven. GAA No politicians on new health boards says Minister GAA last_img read more

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Laois soccer club and special needs school to benefit from lease of County Council land

first_imgEach school offers a range of child-centred, autism specific education which draws on a range of evidence based interventions.The school in Killeshin currently caters for 30 students who, according to Councillor Willie Aird, come from all over county Laois and not just the South of the county.Cllr Padraig Fleming added: “This project still has many hurdles to jump and fundraising will need to be completed but when the school is built, it will be state of the art.“St Fiacc’s have boys and girls teams of all ages right up to adult and this will be fantastic for them. They deserve a proper home.”Cllrs Ben Brennan and Willie Aird also welcomed the move with the pair, plus Cllr Fleming, also paying tribute to Cllr Tom Mulhall – who is absent through illness – for all the work he did to get the ball rolling on this project.While Cathaoirleach Catherine Fitzgerald thanked the staff at Laois County Council, community representatives and the community as a whole.She said: “A lot of fundraising will have to be done but now that a site has been secured, it is a major step forward.”SEE ALSO – ‘Wholly inappropriate’ but key Sinn Féin TD rules out further action in relation to Brian Stanley Electric Picnic apply to Laois County Council for new date for this year’s festival WhatsApp Twitter Twitter Pinterest WhatsApp TAGSBen BrennanCatherine FitzgeraldLaois County CouncilPadraig FlemingSaplings Special SchoolSt Fiacc’s soccerWillie Aird Facebook RELATED ARTICLESMORE FROM AUTHOR Previous articleCounty Council sell land to air industry company who plan expansion in LaoisNext articleCoronavirus: One more death and 306 new cases as office parties to be banned Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. While Saplings Special School is currently located in Killeshin but are, according to Councillors, in unsuitable prefabs.Established originally through the energy and commitment of a small group of parents and professionals in the Kildare area, Saplings now has schools dotted throughout Leinster.The Saplings Schools are co-educational specialist schools, providing quality education for pupils with autism and complex needs. Laois soccer club and special needs school to benefit from lease of County Council land Electric Picnic Electric Picnic By Alan Hartnett – 30th November 2020 Facebook A Laois soccer club and a special needs school are to benefit from the leasing of lands owned by Laois County Council to them.For the nominal fee of €100 per year, Councillors rubberstamped proposals for the benefit of St Fiacc’s FC and Saplings Special School.At lands in Monure, Graiguecullen, St Fiacc’s have been allocated 1.936 hectares while 1.10 hectares has been issued to Saplings.St Fiacc’s will develop their own playing facilities on the site while Saplings intend to build a new school.St Fiacc’s, a soccer club from Graiguecullen, are currently without a permanent home and have been renting sites for a number of years. Electric Picnic organisers release statement following confirmation of new festival date Electric Picnic Home News Council Laois soccer club and special needs school to benefit from lease of… NewsCouncil Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Pinterestlast_img read more

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S&P/TSX composite equal weight index launched

The new index is the headline index in the S&P/TSX equal weight index family. In 2009, S&P Indices introduced the S&P/TSX equal weight indices, which are made up of a series of equal weighted headline and industry indices. The index calculations are determined according to the divisor-based methodology applied to the S&P/TSX Indices. As a result of equal weighting, the S&P/TSX composite equal weight index tends to have a higher exposure to sectors with small companies than the S&P/TSX composite index. Relative performance of the two indices will also differ due to different sector exposure and risk and return profiles in different market cycles. IE Staff Related news New indexes align with Paris Agreement targets Facebook LinkedIn Twitter Bringing ethnic diversity to indexing HSBC debuts stock-picking AI index Share this article and your comments with peers on social media Keywords IndexesCompanies S&P Indices, TMX Group Inc. S&P Indices and TMX Group Inc. Friday announced the launch of an equal weight version of the S&P/TSX composite index providing Canadian investors with a new and innovative approach to tracking the performance of the principal broad-based index for the Canadian market. “The S&P/TSX composite equal weight index is designed to meet clients’ needs for benchmarking strategies that require a size-neutral index compatible with the S&P/TSX composite index. An equally weighted index provides investors with a tool that will enable size, style, and sector comparison,” says Abigail Etches, director at S&P Indices. read more

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Ex-banker gets two years in jail for tipping dad

first_img James Langton PwC alleges deleted emails, unusual transactions in Bridging Finance case Share this article and your comments with peers on social media Related news gavel olegdudko/123RF Mouth mechanic turned market manipulator A former Wall Street investment banker has been sentenced to two years in prison for tipping his father to five pending corporate acquisitions.The U.S. attorney’s office for the Southern District of New York announced that a former senior investment banker, Sean Stewart, was sentenced to 24 months in prison and three years of supervised release after being convicted for his role in an insider trading scheme. Facebook LinkedIn Twitter Keywords Enforcement,  Insider trading BFI investors plead for firm’s sale According to the U.S. authorities, Stewart, who worked at two different investment banks during the time, tipped his father, Robert Stewart, to forthcoming M&A deals, enabling his father and co-conspirator Richard Cunniffe to generate US$1.1 million from illegally trading on the inside information.The father pleaded guilty to one count of conspiracy to commit securities fraud and tender offer fraud in 2015. He was sentenced to four years of probation and ordered to pay US$150,000 in forfeiture.Cunniffe also pleaded guilty in 2015 and was sentenced to a year of probation, and US$900,000 in forfeiture.“As two separate juries have now found, Sean Stewart abused his positions at two investment banks, betrayed his employers by stealing his clients’ valuable secrets, and gave his father inside information to illegally profit in the stock market,” said Geoffrey Berman, Manhattan U.S. attorney, in a statement.“To cover his tracks, Sean Stewart committed numerous acts of deception, including lying to bank compliance officials about his father’s trading activities in response to an inquiry from a financial regulator,” Berman added.last_img read more

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Evacuees Vacating St. Catherine Emergency Shelters

first_imgRelatedEvacuees Vacating St. Catherine Emergency Shelters RelatedEvacuees Vacating St. Catherine Emergency Shelters Advertisements Evacuees Vacating St. Catherine Emergency Shelters UncategorizedSeptember 1, 2008center_img FacebookTwitterWhatsAppEmail Only three of the 14 emergency shelters in St. Catherine, which housed evacuees of communities in the parish, that were severely affected during the passage of Tropical Storm Gustav, remain occupied.The shelters, two of which are schools, and the third, a church, currently house close to 100 occupants, comprising adults and children. Upwards of 650 individuals were being housed in 14 of the 60 shelters, all of which were opened, after the island was placed on a tropical storm warning.The diminishing number of occupants in the shelters, comes as individuals vacate the facilities, and return to their homes to salvage, if any, the remains of their personal effects, and to try to get their lives back on track.Chairman of the St. Catherine Parish Council, and Mayor of Spanish Town, Dr. Andrew Wheatley, told JIS News, that despite the provision of food and other relief supplies at these remaining occupied shelters, efforts are being made to have the occupants vacate the schools, in particular, in light of the commencement of the 2008/09 academic year, being only days away. He said, however, that this effort has proved challenging, as most of the individuals remaining have no alternative accommodation.“Yes, it poses a challenge. But we’re trying our best to see if we can put them up. If their homes are completely destroyed, we will try to locate them to a more comfortable environment, until they are able to sort themselves out,” he told JIS News.Dr. Wheatley noted that as a result of the stress associated with the losses sustained and dislocation experienced, psychological support is being provided.“We understand the impact that such a disaster can have on them psychologically. So we have provided them with that level of support also,” he informed.The Mayor advised that, following a ‘post storm’ meeting of the St. Catherine Parish Disaster Committee, a decision was taken to undertake and complete a preliminary assessment of the damage throughout the parish, by Wednesday (September 3). This, he informed, will be submitted to the Office of Disaster Preparedness and Emergency Management (ODPEM), and the Ministry of Labour and Social Security (MLSS).In the meantime, Dr. Wheatley said work is being carried out to clear the markets, roadways, and blocked drains throughout the parish. He said this is a collaborative effort, involving the National Works Agency (NWA), Jamaica Public Service Company (JPS), National Water Commission (NWC), and the MLSS.“As we get the reports, we feed them to the NWA, NWC, and the JPS. Of course, the MLSS is assisting by providing help to those persons affected,” he disclosed. RelatedEvacuees Vacating St. Catherine Emergency Shelterslast_img read more

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Bartlett Welcomes Back BA to Montego Bay

first_imgRelatedBartlett Welcomes Back BA to Montego Bay Bartlett Welcomes Back BA to Montego Bay TourismOctober 31, 2009 FacebookTwitterWhatsAppEmail British Airways (BA) made its inaugural non-stop flight from London’s Gatwick Airport in England to Montego Bay St. James, with 280 passengers on board, on Thursday (October 29).The crew and passengers of the airline were met at the Sangster International Airport by a welcoming team, led by Minister of Tourism, Hon Edmund Bartlett, and several representatives from the tourism fraternity.The airline will operate twice-weekly flights to Montego Bay on Thursdays and Saturdays, with a three-class Boeing 777 aircraft. This brings British Airways service to Jamaica to five-weekly, augmenting the existing three-weekly flights to Kingston from London, Gatwick.In addressing participants at a ceremony at the airport to welcome passengers and crew members of the flight, the Minister of Tourism said that the entire sector was pleased that Montego Bay was once again the recipient of British Airways services. The airline had stopped flying to Montego Bay some seven years ago.Minister of Tourism, Hon Edmund Bartlett (centre) greets passengers, as they arrived on British Airways Flight BA2285 from London’s Gatwick to Montego Bay Thursday (October 29).“British Airways has great and delightful memories of the past, when Montego Bay was a favourite port of call and, indeed, Montego Bay is delighted today that those happy days are going to come back,” Mr. Bartlett said.“This is really what we want, inaugural flights to be full, because when inaugural flights are full, it holds vistas of continued capacity and it also increases the options of increased rotations so, instead of two flights per week, we could have four or six,” he pointed out.He expressed the hope that the tourism marketing strategies will see growth and expansion in the European market, and into western and continental Europe and eventually penetrating eastern Europe.“With your one world connectivity, you are ideally placed to ensure that anywhere in Europe that we go, they can get to Jamaica by British Airways and, more delightfully for us, is that Montego Bay will be now a port of premier attention,” he applauded. RelatedBartlett Welcomes Back BA to Montego Baycenter_img RelatedBartlett Welcomes Back BA to Montego Bay Advertisementslast_img read more

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Record capital investment to create jobs announced

first_imgRecord capital investment to create jobs announced Deputy Premier and Minister for State Development, Infrastructure, Local Government and Planning The Honourable Dr Steven MilesDeputy Premier Steven Miles announced today Economic Development Queensland will accelerate capital investment in property developments to deliver construction projects and jobs across the state.Mr Miles said in the next 12 – 24 months EDQ would invest a record more than $200 million in South East Queensland alone across a range of project types from site enabling infrastructure works to complex building projects.“EDQ’s capital works program will support over 650 construction jobs and enable more than $1 billion in private sector investment,” Mr Miles said.“This capital works program is about building industry confidence, generating jobs and economic growth, innovation and maximising our potential across civil and construction sectors.“There are over twenty projects including road works, services and civil infrastructure, building and refurbishment contracts ranging from $0.5 million to $20 million.“The recently announced delivery of a new research and manufacturing facility at Northshore for Vaxxas to produce over 300 million needle-free vaccines a year is just one example of an innovative project that EDQ will be seeking open market Expressions of Interest for this year.“These projects are not just opportunities for large companies, we are also seeking involvement across the board, from small businesses, indigenous businesses or businesses increasing capability and scale.”To hear firsthand about the program of works and the state government’s procurement process, EDQ will be holding a briefing session at the Civil Contractors Federation on Thursday 28 January 2021.Mr Miles encouraged local contractors to attend the briefing session.“Local contractors have the opportunity to register and hear firsthand about the Palaszczuk Government’s record investment in Queensland,” Mr Miles said.“We welcome industry to attend and help us create vital construction projects and jobs across the state.”The EDQ works program briefing will be held at the Civil Contractors Federation offices, Brisbane Technology Park, 11 Hi Tech Ct, Eight Mile Plains on Tuesday 2 February 2021 commencing at 7.00am. For those unable to attend in person there will be arrangements to livestream the session.To secure a seat and register your attendance, contact Civil Contractors Federation https://www.ccfqld.com/event-4067361 /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Brisbane, building, Economic Development, Government, Indigenous, industry, infrastructure, innovation, Investment, miles, Palaszczuk, project, property, QLD, Queensland, research, technologylast_img read more

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WATCH: Clark County TODAY LIVE • Friday, April 9, 2021

first_imgClark County Council hears ‘dramatic’ update on housing options study Data gathered as part of the Clark County Housing Options Study and Action Plan show a shift to smaller homes and higher density may be necessary in the near future.Read more WATCH: Clark County TODAY LIVE • Friday, April 9, 2021Posted by ClarkCountyToday.comDate: Friday, April 9, 2021in: Newsshare 0 Grand opening scheduled for Saturday at 10 a.m.Read more Rep. Paul Harris legislation to aide behavioral health care workers unanimously passed by the Senate Posted by ClarkCountyToday.com|Friday, April 9, 2021 |in : BusinessRound1 bowling and amusement center rolls into Vancouver Mall Oaks Amusement Park to reopen April 17 WATCH: Clark County housing options study hits midpoint ; Phase 3 is here to stay with COVID cases requirement change ; A look at House Bill 1063 that could help behavioral healthcare workers ; Oaks Park will reopen this month ; Reporter Chris Brown says farewell. Posted by ClarkCountyToday.com|Friday, April 9, 2021 |in : NewsRep. Paul Harris legislation to aide behavioral health care workers unanimously passed by the Senate Round1 bowling and amusement center rolls into Vancouver Mall Posted by Chris Brown|Friday, April 9, 2021 |in : NewsClark County Council hears ‘dramatic’ update on housing options study Until we meet again Posted by Chris Brown|Friday, April 9, 2021 |in : Opinion, Staff OpinionsUntil we meet again This historic reopening follows last season’s cancellation, which marked the only missed season in almost 116 years.Read more Posted by ClarkCountyToday.com|Friday, April 9, 2021 |in : Entertainment, PeopleOaks Amusement Park to reopen April 17 House Bill 1063 would give the Secretary of Health the authority to grant a waiver for additional credential renewals due to barriers created from governor-declared emerg…Read more Reporter Chris Brown is moving on after over three years with Clark County Today.Read more AdvertisementThis is placeholder textTags:amusement parkarcadeBehavioral HealthbowlingChris BrownClark CountyClark County TodayClark County Today LiveClark County WashingtoncoronavirusCovid-19COVID-19 casesHB1063healthcare workershousinghousing optionshousing studyJay InsleeLatestLive Broadcastlocal newsOaks ParkPhase 3reopeningRep. Paul HarrisreporterRound 1share 0 Previous : Clark County Council hears ‘dramatic’ update on housing options study Next : Until we meet againAdvertisementThis is placeholder textlast_img read more

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