Working + The Economy

summerlin

Bubble? What bubble? Fitch, Forbes wrong, LV experts say

BY: - June 18, 2018

A Fitch Ratings report published by Forbes designating Las Vegas as the most overvalued real estate market in the nation has homeowners who survived the foreclosure crisis jittery and real estate agents angry.  But experts say contrary to increasingly frequent warnings from Fitch and others, Las Vegas is not in danger of suffering another housing […]

COMMENTARY
do do do

The downside of pushing economic development

BY: - June 17, 2018

“Average hourly earnings have increased by nearly 20% since January 2007,” reads one of the charts presented to state economic forecasters by the Las Vegas Global Economic Alliance (LVGEA) earlier this month. “Tesla Update! Going Strong!” added a graphic presented by the Reno-based Economic Development Authority of Western Nevada (EDAWN). Like LVGEA, EDAWN is part […]

Discrimination victims win at Dotty’s

BY: - June 6, 2018

The company that owns Dotty’s, the ubiquitous strip mall slot parlors, will pay a $3.5 million to victims of discrimination to settle a lawsuit filed by the U.S. Equal Employment Opportunity Commission, the EEOC said in a statement Wednesday. “Since at least 2012, Nevada Restaurant Services violated federal law by maintaining a well-established companywide practice […]

COMMENTARY
market failure

Nevada has an affordable housing crisis, but no affordable housing policy

BY: - June 6, 2018

In 1940, the median value of a single-family home in the U.S. was $2,938. Well, it was 1940. Gas was 18 cents a gallon. You could get a Ford sedan (this was back when Ford still made sedans) for less than $800. A loaf of bread was 8 cents. Adjusted for inflation, 18 cents for […]

culinary

Culinary Union fights for immigration protections as TPS recipients ponder uncertain futures

BY: - June 5, 2018

Immigrants working on the Las Vegas Strip and in Downtown Las Vegas could have the strongest job protections in the country, if the Culinary Union gets its way.

Burned Investors Livid Over Guinn Comeback

BY: - June 5, 2018

Jeff Guinn, son of former Nevada Governor Kenny Guinn, who emerged unscathed from an FBI investigation and federal grand jury only to have his company’s mortgage brokers license revoked by Nevada regulators, is back in the hard money private lending business.  In the decade since the mortgage meltdown, Guinn’s former investors in the now-defunct Aspen […]