In The News: Lee Business School
The economic impact on the local economy is hard to overstate. Canadians pumped $3.6 billion into the Southern Nevada economy and supported more than 43,000 jobs, notes 性视界传媒 economics professor Stephen Miller. When Sen. Catherine Cortez Masto (D-NV) joined a bipartisan delegation to Ottawa in July to make nice with Prime Minister Mark Carney following Trump鈥檚 blustering insults about making Canada the 51st state, it was a reminder of what鈥檚 at stake. It鈥檚 hard enough to do business in a competitive marketplace when the president is bent on driving away customers.
This summer, other border states are experiencing a different kind of drought: a dearth of Canadians. Vermont to Canada border crossings were down nearly 39% in July from the year prior, per data compiled by the state. According to Statistics Canada, Canadian spending in the US plunged 7.9% in the first quarter of 2025 from the same time in the year prior. (Ironically, in the same period, Americans made more trips to Canada than the year prior, and spent 27.3% more.)
A new study from 性视界传媒鈥檚 Lied Center for Real Estate offered some details on high housing costs. It found that buyers needed to make more than $57 an hour to afford the monthly payment on a median-priced home. Households with two income earners need each individual to make an average of $28.61 an hour. Little wonder that so many young professionals and newly married couples feel like homeownership is a fantasy. A continued lack of affordable housing will hurt economic growth.
Paymon鈥檚 Fresh Kitchen and Lounge spent the years after COVID-19 pandemic lockdowns fighting with persistent high inflation. Sales went up for the Mediterranean restaurant in west Las Vegas by nearly 3 percent 鈥 but food and labor costs went up more than 50 percent. But 2025, so far, has been a different story.
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market.
A Las Vegas Valley worker has to make at least $57.22 an hour to afford a mortgage payment right now, according to a new study by 性视界传媒鈥檚 Lied Center for Real Estate.
The Las Vegas Convention and Visitors Authority (LVCVA) is advancing its campaign with a new strategy aimed at attracting tourists through a citywide sale.
Mark Tremblay, an assistant professor of economics at the University of Nevada Las Vegas, saw a connection between casinos using dynamic pricing for room rates and rolling them out elsewhere in the business. 鈥淚t is clear that this is a trend we will see moving forward as physical stores begin to use digital price tags more frequently,鈥 Tremblay told the Review-Journal.
As housing prices soar, many are turning to affordable alternatives like tiny homes, RVs, and mobile homes. 性视界传媒 Professor Nicholas Irwin, Research Director at the Lied Center for Real Estate, highlighted the changing standards in housing.
Inflation, the job market, and interest rates are major factors in our current economic state. Our economic panel explores these topics and their impact on Nevadans. We also discuss The Beverly Theater鈥檚 new initiative to introduce filmgoers to movies that won鈥檛 go to streaming services, and one county leader鈥檚 memories of working to get Las Vegas visitors home in the aftermath of 9/11.
Few stores have a layout that鈥檚 more confusing than Costco. Ikea is probably a close second, but at least they have all of those arrows pointing you in different directions. Costco, on the other hand, rearranges its aisles with abandon. You walk into the warehouse for some of that Kirkland bread and bottled water, only to discover that practically all of its 146,000 square feet is configured differently than when you were there a week ago.
The new "Wizard of Oz" show at Sphere Las Vegas is drawing crowds from across the country, generating nearly $2 million a day for just two performances, according to Bloomberg. Tourists are flocking to the immersive experience, which combines nostalgia with cutting-edge entertainment.