In the wake of last year's deadly plane crash, the Reno Air Racing Association has brought in one of the country's top mediators to deal with victims' lawsuits. The mediator, Ken Feinberg, handled compensation funds for Sept.
Visitors to Las Vegas have changed their habits a little bit over the past few years. Tourists are spending less on gambling and more on things like entertainment and restaurants. According to the Las Vegas Convention and Visitors Authority's Visitor Profile Study gamblers budgeted $447.63 for gaming in 2011, down from $466.20 the previous year. Meantime tourists spent $274.69 on restaurants and beverages in 2011 compared to $256.82 in 2010, a seven percent increase. We discuss how the Las Vegas visitor is changing and what casinos are doing to adjust.
The key to economic diversification in Nevada is bolstering existing industries like gaming and tourism while at the same time attracting development in new industries like aerospace and defense manufacturing and renewable energy. That's according to a new report presented to Nevada officials by Brookings Mountain West.
Then we talk with an economist whose work contradicts a lot of the conventional wisdom about the mortgage crisis. The teaser rates weren't much of a tease, the foreclosure crisis has been caused by falling home prices, not an inability to pay.