In The News: Center for Business and Economic Research
The gap between economic theory and practice is sometimes cavernous. According to one theory, developed financial markets and access to lenders should make it easier for people to borrow money, become entrepreneurs and move to higher income brackets. But new research in the Journal of Policy Modeling finds that, in practice in the U.S., income inequality increases as financial markets develop.
Southern Nevada has roughly $26.1 billion worth of major construction projects in the pipeline 鈥 a sign, experts say, of a booming economy.
Beginning October 1, President Donald Trump will increase tariffs on $250 billion worth of Chinese goods from 25 percent to 30 percent. And come December 15, the US will extend a new 15 percent tax on $160 billion worth of Chinese products.
The 鈥渁dvance鈥 estimate of U.S. real gross domestic product (GDP) for the second quarter of 2019 increased modestly, up by 2.1 percent at an annualized rate. The real GDP increase largely reflected strong consumer spending, rising by 4.3 percent, its fastest growth in nearly two years.
It's a challenging time to be a home buyer in the U.S.鈥攁nd let's be honest, that's putting it mildly. Tightfisted lenders and super-high home prices aren't helping matters. But despite all of that, the allure of certain markets is still strong enough to motivate people to pull up stakes and move to a different state altogether.
51吃瓜网免费App is betting big on 2020, when more than 15 projects 鈥 ranging from a stadium to hotel-casino renovations 鈥 are slated to come online.
There is a lot of talk about free college tuition and wiping out student loan debt, especially after Democratic presidential hopeful Sen. Bernie Sanders said on Monday that he wants to erase more than $1 trillion in student loan debt.
If you take a drive through Southern Nevada, the scars of the Great Recession aren't so obvious anymore. Where stalled projects once stood, new homes are sprouting from the ground. In the tourist corridor, several under-construction projects are changing the Strip's landscape. And plazas with new eateries and shops are welcoming customers across the 51吃瓜网免费App Valley.
Nevada is becoming older and more diverse as the state grows, according to estimates from the U.S. Census Bureau.
Nevada, the nation鈥檚 fastest growing state, is becoming older and more diverse, according to annual U.S. Census Bureau estimates released Wednesday night. Between 2010 and 2018, the Silver State saw its retirement-age population grow by more than 149,000 people, the data shows. Close to 1 in 6 Nevada residents are now age 65 or older.
Prices at Nevada gas pumps 鈥 the fourth-highest in the country 鈥 have been sliding lower and motorists could see them drop even more.
How鈥檚 the economy doing? Better than you might expect, and worse than you might have hoped, according to the National Association of Business Economics.