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With mortgage interest rates below five percent and housing prices at record lows, local first time house hunters with modest family incomes may benefit from El Dorado County’s First Time Homebuyer Loan Program.

CARSON CITY – Nevada’s jobless rate fell from a revised 13 percent in December to 12.7 percent in January, down from 13.8 percent a year ago and a peak of 14 percent in October 2010. The number of unemployed Nevadans remained relatively flat at 174,700, but is down 16,300 from the same month last year.

CARSON CITY – Nevada ranks at the top of states for its low overall tax liability paid by mature businesses, but only 38th for new firms due in part to a lack of incentives, according to a new comprehensive study by the Tax Foundation.

CARSON CITY – A national nonprofit organization seeking fundamental reforms to state budgeting today sent a letter to the nation’s governors urging them to follow General Motors’ lead and freeze defined benefit pensions for all public employees.

CARSON CITY – A broader measure of Nevada’s unemployment picture, including those who have given up looking for work, showed some improvement through the end of 2011, a federal report released this week shows.
The rate in Nevada dropped to 22.7 percent in the 12 months through Dec. 31, down from 23.3 percent in the 12 months through Sept. 30, 2011.

The following is the complete text of President Obama's State of the Union address as written.
Remarks of President Barack Obama - As Prepared for Delivery
State of the Union Address
"An America Built to Last"
Tuesday, January 24th, 2012
Washington, DC

Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests, and fellow Americans:

CARSON CITY — A legal firm retained by the state Department of Transportation to defend against a contractor dispute over construction of a section of the Carson City bypass has racked up $6 million in fees so far and the costs could still go higher.

Gov. Brian Sandoval today expressed concern about the amount of legal fees in the case involving a $40 million claim by Utah-based Ames Construction, which built the first phase of the U.S. 395 bypass in the capital that opened in February of 2006.

I am extremely frustrated with the South Lake Tahoe Public Utility District. I believe many of us are being victimized by STPUD's water policy. Its rates are inequitable and should be illegal. If ...

WASHINGTON (AP) - Unemployment rates fell in 43 states in November, reflecting a modest pickup in the nation's job market.The Labor Department says only three states reported increases in their une...

The previously announced transaction between KSL Capital Partners and JMA Ventures which joins Squaw Valley and Alpine Meadows under one operating company has officially closed. This announcement affirms that skiers and riders can access Squaw Valley and Alpine Meadows’ 6,000 acres, 44 lifts and over 270 trails on one lift ticket or season pass. The two resorts will be connected by convenient, complimentary shuttles that will provide transportation between the two resorts.

“Since announcing the merger, the Alpine Meadows and Squaw Valley joint pass products –the Tahoe Super Pass and Tahoe Super Six, and Squaw Valley’s $50 million Renaissance, the response from our guests has been overwhelmingly positive” said Andy Wirth, Squaw Valley’s president and CEO.“The opportunity to experience these two incredible mountains, each with their own unique spirit and character, through one pass and one ticket has resonated deeply with our guests,” said Wirth. Wirth will take the helm as the president and CEO of Squaw Valley Ski Holdings, LLC, the newly formed parent company of both Squaw Valley and Alpine Meadows.

Sierra-at-Tahoe resort's annual pre-season Pray for Snow party is Thursday night at MontBleu Resort Casino and Spa's Opal Lounge. Contests including the first ever "La Niña" contest will give winter worshippers a chance to win gear including a sweet set-up from Rome snowboards and a Sierra Season Pass.

Tahoe's original ski resort, Granlibakken, near Tahoe City, is lodging central in 2012 with various ski and stay packages for seven area resorts.

“How much more warm weather and sunshine can we take,” laughed Kay Williams, deadpanning over last season’s epic seven-month winter and 700+ inches of snow. “Sure, various ski resorts like to be the first to open or last to close, but we want folks to know that we’re ready with early-season offerings.”

RENO, Nev. -Marcie Stetler has made a living by cooking for well-to-do clients and family gatherings in the South Lake Tahoe area for the past 11 years. But even though she has cut her labor rates ...

MINDEN, Nev. - Beginning Saturday, Nevada electrical customers will see a 2.43 percent decrease in their bills, according to NV Energy.The company is also decreasing overall natural gas rates by 10...

Here is the fishing report for the week of Sept. 21-28. This report covers rivers, streams and lakes in Nevada, the Sierra, Northern California and Southern Oregon.

LAKE TAHOE — If another La Nina visits the Sierra this winter – all-time records were approached in 2010-11 with more than 700 inches of snow – Tahoe South ski resorts are ready to roll on another epic season.

SACRAMENTO, Calif. (AP) - A key legislative committee approved a bill Thursday to give state regulators the power to reject proposed health insurance rate increases, but the measure faces a stiff f...

After experiencing its sixth most impressive rise in more than a century, a brimming Lake Tahoe is leveling off.

Soon, maybe today and for sure within a week, Tahoe will begin a slow but steady drop as evaporation rates exceed inflow from the Tahoe Basin's streams.