Citbank is eliminating more than 1,000 jobs nationwide, but the majority of those cuts are happening in Las Vegas. More than 700 people who work out of Citibank's offices at the Lakes found out Monday that their jobs would no longer exist in a few months.
A study from the Pew Research Center shows that the number of single fathers in the U.S. has increased by nine times what it was the 1960s. According to census data, Nevada has one of the highest rates of single father households in the U.S.
As the legislative session draws to a close, members of the Assembly and the state Senate have considered several issues such as gun control and energy policy. We'll talk about how they voted and what could happen in final 15 hours of the session.
Prices are up. Inventory is down. The housing news has been like a broken record for the last year or so. But that record picked up some speed yesterday with news that housing prices across the country surged in February, especially in Las Vegas, San Francisco and Phoenix. So when will the increase in housing prices create better conditions for traditional home buyers? We still don't know. But a long-time realtor will help buyers navigate a market that's heating up.
Last summer was one of the worst on record for Nevada ranchers. High heat and dry conditions forced them to sell their stock and buy feed, cutting profit margins and convincing some that they'd be better off in some other line of work.
If Congress doesn't act soon, more than $85 million in automatic spending cuts will hit programs that provide everything from national defense to early childhood education. It's the latest in a series of budgetary crises that started with the deal to raise the debt ceiling in 2011.
Economists who have been calculating gross domestic product and trade deficits for years have turned their attention to happiness. They want to know what makes people happy, and what governments can do to promote more happiness in their citizens.
The Center for Business and Economic Research at UNLV has delivered its Midyear Economic Outlook and the news is good - but certainly not great. The national economic has been recovering for a long time but it has been doing so very, very slowly. That has eventually begun to trickle down to the Southern Nevada economy. That slow but steady trend should continue. We talk with CBER Director Stephen Brown about the numbers and why he thinks will get better.
The Democratic National Convention is finishing and the consensus is that the Democrats did a better job than Republicans did in laying out their case for re-election. Of course, that was boosted by President Bill Clinton's weaving together of folk wisdom and policy wonkery.
Usually when Las Vegas hotels are imploded it's because they are decades old and run down. But the ill-fated Harmon Hotel at CityCenter will likely be turned to rubble before anyone ever sets foot in it.
The Los Angeles Times reports that Mitt Romney may win ‘swing region’ Washoe County, and also Nevada, because of his campaign’s focus on economic issues and because of the large Mormon population. President Obama won Washoe County in the last election, but the current state of the economy in northern Nevada could make a repeat victory a challenge.
Casino gaming wins took a tumble in May, while Las Vegas saw an increase in tourism. Economic analysts say Las Vegas is on pace to eclipse the number of visitors who came to the city in 2007, which was the height of the economic boom and visitation.
The economies in Metropolitan areas in the Mountain West region are recovering at a good pace but unemployment still remains high in Las Vegas and across the entire state of Nevada. That's according to a new report from Brookings Mountain West at UNLV. Is Nevada keeping up with the region? And what needs to be done to keep pace with our neighbors in places like Arizona, Colorado and Utah? We discuss the latest Brookings Mountain Monitor report and the latest on Nevada's economic activity.
Tech giant Apple could soon reach a deal to build a data center and purchasing facility in Northern Nevada. The Reno Gazette Journal reports Apple plans to build a data center in Sparks and a purchasing facility in downtown Reno.
The lastest Marist poll on the presidential election in Nevada shows that the race is a statistical dead-heat. The president has a slight advantage but supporters of both candidates are enthusiastic about their man. This poll also lists the issues voters believe are important when they make their decision. Some see the economy as the top issue and others see social issues as crucial. We talk with the director of the Marist Poll and we want to hear what you think are the big issues for this election.
The big question is: when will the recession be over? How can Las Vegas recover the economic vitality it enjoyed during the boom years? The chief economist for Wells Fargo, John Silvia, joins us to answer your questions on housing, banking, and other issues..
Thousands of teachers could lose their jobs after an arbitrator sided with the county teachers union forcing Clark County School District to grant pay raises to teachers. District officials wanted teachers to accept a pay freeze to help close a $63 million budget deficit but union officials claimed the district has the money to honor the promised pay increases. As a result of the arbitrators decision district officials says more than 1,000 positions could be cut to make up for the cost of those raises. We talk with CCSD Trustee, Carolyn Edwards about the arbitrators decision and how many teachers could lose their jobs.
Facing a projected $33 million budget shortfall, the City of North Las Vegas announced this week they will be forced to make mass layoffs to balance its budget. North Las Vegas officials contend union members including the North Las Vegas Police Officers Association and the International Association of Firefighters Local 1607 enjoy an above average and generous wage and benefit package. We talk with North Las Vegas City Manager, Tim Hacker about possible layoffs and ongoing negotiations with the the city's unions.