A recent Wall Street Journal poll of leading economists put the probability of the United States going into recession over the next 12 months at 63 percent. Conventional wisdom is that the Federal Reserve Bank will continue raising interest rates to combat stubborn high inflation, thereby slowing the economy and causing gross domestic product to […]
The Boyd School of Law opened in 1998, but the path to its creation began nearly three decades earlier with a feasibility study in 1972.
Governor Brian Sandoval became Nevada’s 29th Governor on January 3, 2011. After eight years in office, the Sandoval era will come to an end when Governor-elect Steve Sisolak is inaugurated on January 7, 2019—a transition that will inevitably be accompanied by a debate over the Governor’s legacy. From an economic perspective, this debate should be brief and one-sided, as Brian Sandoval rightly takes […]
More than 60 years ago, the resorts along the dusty two-lane Las Vegas Strip had a problem. Business was booming during the warm summer weekends, but during mid-week and off-season periods, the number of hotel rooms far outnumbered the guests. Seeking to boost visitor counts during these slow times, a group of civic and business leaders developed a plan to publicly finance […]
The stream of positive economic news continues to be steady, and welcome. In May of 2018, the current U.S. economic expansion became the second-longest on record, and Nevada’s growth is among the best in the nation. The state’s unemployment rate is falling. Its incomes are rising. Its population is booming, and its home prices are […]
Not unlike other marriages, companies are generally formed by close business partners who trust one another to act in each other’s and the new company’s best interest. That is, of course, until they don’t. So, what happens when companies are hopelessly deadlocked so that business is stymied? In such circumstances, neither of the distressed business […]
School is back in session across Southern Nevada, and students are headed back to campus to greet new teachers, meet new friends and face new academic challenges. Too often, the dialogue around our public schools focuses on the challenges incumbent in educating a diverse population of 324,000 students in the nation’s fifth-largest school district, neglecting the notable successes of the schools, students […]
A resurgence of the local housing market has led to some mixed emotions for Southern Nevada residents. Higher prices translate into more equity for homeowners. In fact, every 1 percent increase in housing prices translates into $1.2 billion in new or recovered equity for the valley’s single-family residential homeowners. According to the Federal Housing Finance Agency’s most recent report, the Las Vegas metropolitan […]
When tickets for “Hamilton” went on sale in April, hundreds of people lined up around The Smith Center for the Performing Arts for the chance to see the smash-hit Broadway musical. Within hours, most of the 63,000 tickets for the four-week run were sold out. The runaway success of “Hamilton” in Southern Nevada is […]
I am generally of the belief that there are two groups of people in the world: those who are building robots and those who are being replaced by them. Autonomy, artificial intelligence (AI), and what is commonly referred to as the Internet of Things (IoT) are changing the way we live and the way we […]
Why is it that Las Vegas attracts so much investment? The answer is simple. Forty-two million visitors will spend more than $34 billion in Las Vegas in 2018. Every one of those dollars is discretionary, and the intense competition to capture them drives innovation and investment. We rebuild, and we rebrand; we construct the […]
Maybe it’s the sight of a new construction project on a long-dormant desert parcel, or the seemingly busier than a usual shopping center, or seeing California license plates everywhere you look. Throughout our day-to-day lives, there are signs that Nevada has returned to a period of economic growth and opportunity. The state’s new era of […]
For many of us, the mere suggestion discussing the importance of infrastructure makes us feel like we’re back in high school trigonometry class. I fully admit infrastructure is not the sexiest of topics, but the roadways, bridges, airports, water pipes, flood control basins and other components of our nation’s infrastructure network are critical to our […]
Southern Nevada again ranks among the fastest-growing regions in the nation, reporting a population growth rate roughly three times the national average. Renewed growth is increasing demand for everything from houses to hospitals, roads to restaurants. While the construction industry is struggling to keep pace, rising investment tends to be a harbinger of economic prosperity. […]
We are inundated by data. Job growth. Wages. Visitor volume. Unemployment rate. Consumer spending. Graduation rates. GDP. House prices. It can be overwhelming. Yet, as the volume of data has grown, so has the number of tools for collecting, organizing and analyzing it. These tools make it possible to wade through reams of information and […]
Inside the T-Mobile Arena, it was easy at times to question which city we were standing in. Wave after wave of blue-clad Winnipeg Jets fans moved through the concourse. Spontaneous chants of “Go Jets go!” echoed through the arena. During the Canadian national anthem, thousands of Jets fans circling the ice belted their trademark “True […]
For the 2.2 million people who call Southern Nevada home, our city is much more than the glittering resorts that dominate the skyline. We know that beyond the neon glow of Las Vegas Boulevard lies a community where men and women work, raise families, and pursue their dreams. We know that we come from across the United States […]
There is a lot of excitement in southern Nevada about what professional sports means for our community. The Vegas Golden Knights will take the ice in their first regular season home game on October 10; and, with a little luck, the Raiders will begin construction on their new $1.8 billion home a month or two […]
As a new academic year begins, a renowned college at the University of Nevada, Las Vegas is set to celebrate its 50th year. For half a century, the William F. Harrah College of Hotel Administration has served as a living laboratory for its students, producing thousands of educated workers for the hotel and hospitality industries […]
One of the driving forces of southern Nevada’s economic rebound in recent years has been the record-setting pace of Las Vegas visitation, which last year peaked at 42.9 million. While the majority of visitors come to Las Vegas to enjoy eating, shopping, dancing, gambling and partaking in the wide array of amenities the destination offers, […]
