In The News: Lee Business School
Hundreds of wildfire victims have returned to what once was their home now a pile of rubble. As some begin to game-plan and move into recovery mode many are now seeking a temporary place to call home, while they sort out plans to rebuild.
Thousands of people have been displaced by Los Angeles area fires and 51³Ô¹ÏºÚÁÏ economist Nicholas Irwin said it’s likely for people to seek refuge here in the Las Vegas valley.
A new charter school in the Las Vegas valley is taking a different approach to education in its choice of location and opportunities for students. The charter school is now being built inside the Boulevard Mall, offering middle school students a unique environment to thrive both academically and personally.
A new charter school in the Las Vegas valley is taking a different approach to education in its choice of location and opportunities for students. The charter school is now being built inside the Boulevard Mall, offering middle school students a unique environment to thrive both academically and personally.
A new year feels like a change, finishing one chapter and starting the next. Ordinarily there’s a narrative that pulls everyone along, because most situations, events and circumstances don’t change overnight. This time the change feels momentous. Individuals and industries want to predict what’s going to be familiar, and what’s going to be completely changed.
Uncertainty about 2025 hovers over the Las Vegas hospitality and gaming sectors after what in many respects was a robust 2024.
California’s housing crisis began spilling into neighboring Nevada as Golden State dwellers started flocking to Silver State communities in the mid-2000s. Home prices in Nevada skyrocketed due to increased demand, just like California incomes, which were about 93% higher than those of Nevada residents moving within the state, according to a 2024 paper by Lied Center for Real Estate at the University of Nevada, Las Vegas.
Joseph Dutra remembers the sticker shock he saw for the price of cocoa beans. As the manufacturer of Kimmie Candy in Reno, Dutra’s business purchases chocolate ingredients one year in advance. Cocoa beans from Africa – also feeling the effects of inflation – cost roughly $3,000 per metric ton in 2023. In April, the market was up to $12,000, before more recently settling around $7,000.
When we talk about affordability in Southern Nevada, it's not just a numbers game. It's about real people like you and your neighbors trying to make ends meet.
The portion of Americans contributing more than a third of their income to rent has been rising for the past two decades, and today, it sits at around half of all renters, according to recently released Census data collected in 2023.
When the economy shifts no bells ring, smoke signals rise or, more contemporarily, smartphone alerts sound. You may not even notice, but economists do. So, when the Federal Reserve Open Market Committee, aka the lords of interest rates, cut rates by 50 basis points in September and another 25 basis points in November, economists and market analysts took notice.
When the economy shifts no bells ring, smoke signals rise or, more contemporarily, smartphone alerts sound. You may not even notice, but economists do. So, when the Federal Reserve Open Market Committee, aka the lords of interest rates, cut rates by 50 basis points in September and another 25 basis points in November, economists and market analysts took notice.