In The News: Department of Economics
The aviation industry has been among those hardest hit by the coronavirus pandemic, but federal assistance has so far enabled most airlines to avoid widespread layoffs. With that protection nearing its end, executives and labor leaders are pressing Congress to approve more aid, but it is not yet clear if further help is coming.
In 2020, there were 39,829 forest fires across the United States. Combined, they damaged 4 million acres in total. Ninety percent of fires are caused by people. This means that whether they鈥檙e caused by power lines, arson, or cigarettes, a majority of what you hear on the news could have been prevented. Of course, this means the remaining 10 percent of wildfires caused by nature are unavoidable.
Las Vegas gaming business is rebounding on weekends, says a casino industry chief. However, Jim Allen, the Hard Rock International Chairperson, says weekdays have remained 鈥渟oft.鈥
As convention cancellations continue in Las Vegas over COVID-19 concerns, the economic impact spans across multiple industries, affecting businesses many wouldn鈥檛 imagine.
April was set to be yet another busy month for sales of apartment complexes in Nevada, one of the hottest multifamily markets in the country.
The coronavirus pandemic has been a financial nightmare for many in the Las Vegas valley including hair salon owner Lisa Ortiz.
If you鈥檝e headed to a store recently, you may have noticed signs requesting exact change. Some stores are claiming there鈥檚 a coin shortage because U.S. Mint closures have affected the coin supply right now and they don鈥檛 have enough change on hand for customers.
As economists around the world try to make sense of the coronavirus pandemic's growth-destroying capacity, a team at Bankrate.com has devised a simple measure of 'economic hardship' to measure how much the outbreak in the US has harmed each state. BR's index comprises measures of unemployment and mortgage delinquencies (two critical signs of personal financial peril) to judge how the people of every state have fared since the outbreak began.
For decades, the El Cortez Hotel & Casino in downtown Las Vegas has been known for single-deck blackjack.
For decades, the El Cortez Hotel & Casino in downtown Las Vegas has been known for single-deck blackjack.
Not all of Elon Musk鈥檚 projects have been thwarted by the coronavirus pandemic. While the billionaire clashed this week with local officials over restarting production at a Tesla Inc. factory in California, his tunnel-drilling company hit a new milestone in Nevada.
Not all of Elon Musk鈥檚 projects have been thwarted by the coronavirus pandemic. While the billionaire clashed this week with local officials over restarting production at a Tesla Inc. factory in California, his tunnel-drilling company hit a new milestone in Nevada.