REMINDER: All investment, economics, and finance related material now appears at the new IaconoResearch.com. For the time being at least, this has become a personal blog covering a variety of mostly unrelated topics.

Since we are about to embark on another cross-country road trip today (as detailed in this item at Iacono Research), it seemed like a case of “now or never” to get a few comments up about our journey to Las Vegas last month, so, what follows is a quick recap of our visit along with a few thoughts about how the area has changed and how we’ve changed.

Wynn Hotel from TIIt was a fascinating trip in many ways and the “end of an era’” as well since one of the main reasons we made the journey was to visit relatives who are now racing the clock to get everything squared away before the moving vans show up in a couple weeks to take them to Arkansas after having lived in Las Vegas for more than 20 years.

They managed to sell their house in North Las Vegas at about the same price they paid back in the late-1980s, a 2012 housing success story if ever there was one for one of the nation’s worst housing markets.

Since they’ll no longer be there, we have even less of a reason to go back there which is why it seems unlikely that we’ll ever visit the place again. If we ever return to Southern California, we’ll likely pass through, but I’m guessing that we’ll never spend the night there again or walk the streets and take in the sights.

Despite the opulence of places like the Venetian, Wynn, and Palazzo, the area had an even greater underlying sense of despair and an obviously growing divide between the rich and the poor that make it all a little depressing to take in – kind of like the troubled relative who shows up at a family gathering with a nice car and a nice, tidy appearance when you know from hearing the family talk about him that the guy’s life is a mess.

From the outside, things appear just fine, but beneath the shiny veneer, it’s a different story.

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Oil Field Justice

This Associated Press story about trouble in the oil fields was in the local paper the other day along with the somewhat related news that unemployment in Montana now stands at only 6.2 percent, two percent below the national average, but almost double what it is in neighboring North Dakota where most of the oil fields are.

GLASGOW, Mont. – Drug crimes in eastern Montana have more than doubled. Assaults in Dickinson, N.D., have increased fivefold in just two years. And the once-sleepy town of Plentywood, Mont., has seen three assaults with weapons in the past few months – a prospect previously unheard of in the tiny community tucked against the Canada border.

Booming oil production has brought tens of thousands of jobs and hundreds of millions of dollars in new revenues to communities across a wide expanse of the northern Plains. But it also has brought more crime, forcing law enforcement from the U.S. and Canada to deal with spiking offenses ranging from drug trafficking and gun crimes to prostitution.

The region is emerging as one of the top oil-producing areas of North America. Officials say up to 30,000 more workers could descend on the Bakken oil fields of Montana, North Dakota and Saskatchewan in the next few years.

The recent kidnapping and brutal murder of Montana teacher Sherry Arnold tragically underscored the changes brought on by the rapid pace of drilling. Two men are in custody, but the case has left residents shaken and led to a huge rise in applications to carry concealed weapons in Montana and North Dakota.

In the wake of Arnold’s killing in the town of Sidney, which is quickly being overtaken by the boom, federal prosecutors began a two-day retreat Monday in Glasgow for about 150 police officers, sheriffs, federal agents and other law enforcement to craft a common strategy to deal with rising crime.

Towns like Plentywood, population 1,600, were until recently places “you could send your kids to the pool in the summertime on their bikes and not have to worry about it,” said Sheridan County Attorney Steven Howard. “All those things are changing,” he said, adding that the Arnold case “has had a chilling effect on our people.”

We’ve heard a lot about the Sherry Arnold murder in recent months. In some ways, it’s probably like the 1860’s gold rush in this part of the country or when they built the railroad not long after with what they call “sprawling man camps” for all the workers who are being paid handsomely. Some small percentage of young men working hard and making lots of money always seem to get into trouble and, understandably, the locals don’t like it much.

Medicated Nation

I don’t know quite what to do with this blog yet…

Over and over I come across items that are not related to economics, finance, and investing that would surely be of interest to others, but I just never get around to getting them up as posts, a good example being this Associated Press story from before our trip to Las Vegas about the ongoing rise in prescription drug use across the country.

Sales of the nation’s two most popular prescription painkillers have exploded in new parts of the country, an Associated Press analysis shows, worrying experts who say the push to relieve patients’ suffering is spawning an addiction epidemic.

From New York’s Staten Island to Santa Fe, N.M., Drug Enforcement Administration figures show dramatic rises between 2000 and 2010 in the distribution of oxycodone, the key ingredient in OxyContin, Percocet and Percodan. Some places saw sales rise sixteenfold.

Medicated Nation

Meanwhile, the distribution of hydrocodone, the key ingredient in Vicodin, Norco and Lortab, is rising in Appalachia, the original epicenter of the painkiller epidemic, as well as in the Midwest.

The increases have coincided with a wave of overdose deaths, pharmacy robberies and other problems in New Mexico, Nevada, Utah, Florida and other states.

Wow – New York, Florida, and Tennessee, an odd combination. A report the other day on one of the national news shows detailed how teenagers grab handfuls of their parents’ prescription drugs and throw them all into a big bowl at parties for their friends to grab handfuls out of in order to liven things up a bit. A sign of the times, to be sure.

Obesity By State

Here’s another item that would have never been put up here weeks ago, that is, before all the finance, economics, and investment stuff moved to the new blog at Iacono Research. From The Atlantic comes this story about the dearth of walkable streets in the U.S. – just one more contributing factor to the obesity epidemic as indicated below.

Now, my wife and I have lived the last few decades in California, Oregon and Montana (where, by the way, obesity is almost double what it was in the 1990s), but, you can probably image our surprise sometimes when we travel to different parts of the country.

Also see America’s Fattest Cities that, for some reason, includes only cities in Texas, Illinois, Ohio-West Virgina-Kentucky, and New York.

As someone who virtually eliminated sugar from his diet almost a year ago as part of a reduced carbohydrate diet <way of life> that has left me weighing less, feeling stronger, and in better health than at any other time in the last 30 years, I highly recommend paying close attention to this 60 Minutes story on the subject from last night.

That doctors learning the results of these recent studies about sugar immediately remove it from their own diet should be reason enough to take this very seriously.

Amid our great health care debate, where many pundits say our problem is “health”, not “health care”, I wonder how much money the nation could save simply by drastically reducing sugar consumption.

Tebow on East Coast Time

Now here’s an item that I wouldn’t normally put up at this blog before I switched over the the new Iacono Research financial blog/investment website (where, in case you forgot, all the finance and economics stuff now appears).

Tebow on East Coast Time

From the Jimmy Margulies archive at NorthJersey.com

Living in a part of the country where the Denver Broncos are the closest NFL team – some 700 miles away, if you want to call that close – it’s not clear which is the bigger story, Peyton Manning coming or Tim Tebow going.

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