You already know Las Vegas has one of the country’s worst economies.
Now, a new report takes things further.
The Brookings Institution, which is based in Washington but has a local research arm, said Tuesday that the Las Vegas Valley has the world’s fifth-worst economy. The think tank ranked the region No. 146 on its Global Metro Monitor, which rates the world’s 150 biggest metropolitan economies on their economic strength before, during and after the recession.
A recommendation by the National Commission on Fiscal Responsibility and Reform to limit the mortgage interest tax deduction has pushed a hot button within the real estate industry and could throw the housing market into further decline, some observers are warning.
Pop quiz: Did you know California once banned homework in schools? True. Following a campaign by the magazine Ladies’ Home Journal — which argued that the practice was not, in fact, good for kids — the state briefly halted it in 1901.
Now, most students, some parents, not a few teachers and members of the homework-reform movement will immediately become wistful for such an era (just as I’m wistful for a time when a print magazine could throw its weight around like that).
Michael O’Hanlon, a senior fellow in foreign policy at the Brookings Institution think tank in Washington, will deliver a public lecture on “Toughing it Out in Afghanistan” at 5:30 p.m. today at UNLV’s Greenspun Hall auditorium.
The recession and housing bust have accomplished what no other economic slump has managed to in the past century: end Nevada's population-growth streak.
A national expert said the run-up in home prices, overbuilding and subsequent foreclosures will stick with the housing industry for years. He suggested appreciation and construction will lag for the next 10 years.
Sharron Angle, the vanquished Republican challenger to Sen. Harry Reid, depicted herself in her brochures as a conservative warrior, driving her old pickup truck, brandishing a firearm. She picked up the Tea Party flag and waved it and then used the flagpole to stick the Nevada establishment in the eye. Although Angle lives in suburban Reno, her most fervent followers reside in the mostly white, rural counties.
To bolster her credentials in her strong conservative base, Sharron Angle, a Republican, shaped her candidacy for the Senate along a few lines of attack — against big government, against high taxes and against illegal immigration. Her economic message resonated across party lines, but was particularly effective among independents, most of whom voted for her over the Democratic incumbent, Senator Harry Reid, according to exit polls.
Foreclosures and plummeting housing prices. That pretty much summarizes daily life in Las Vegas. That's fundamentally changed how America's housing market works, says a Brookings expert. How will this shape future housing policies? How do we turn empty lots into community assets? Alan Mallach talks about the housing market "reset" and what's in store for homeowners.
The subprime mortgage crisis and massive home foreclosures have reset America’s housing market to a level more in line with today’s economy, which means less consumption and more conservatism, a scholar with Brookings Mountain West said Tuesday.
Hispanic voters could mean the difference between a victory and a loss for lawmakers in key states where Democrats are fighting for their political lives.
More Latinos today identify with the Democratic Party than a decade ago. In 2008, they voted overwhelmingly for candidate Barack Obama, who earned 67 percent of their votes compared to 31 percent for Sen. John McCain.
Republican Senate candidate Sharron Angle's campaign today denounced a controversial ad urging Hispanic voters in Nevada not to vote -- but Democrats replied that isn't sufficient. The ad caused national uproar after reports linked its sponsor to Republicans.
(CNN) -- Living in Tokyo, Japan, during the late '90s, Geoffrey Barnett found it extremely difficult -- even dangerous -- to ride his bicycle to work every day.
Homeowners used to take it for granted that they could relocate whenever they wanted to. But in today's housing market, mobility is no longer a given, and many people feel they have no choice but to stay in homes that no longer meet their needs.
IN COMMERCE CITY, COLO. Everything about Reunion is meant to be perfect. The houses in this middle-class, master-planned neighborhood 20 miles outside Denver evoke the front-porch intimacy of a small town. Large faux farm silos adorn the grand landscaped entrance. The fishing pond shimmers. The small sign on Reunion Parkway boasts, "Happily ever after starts here."
Brookings Mountain West at UNLV says that Nevada can be at the heart a transformation in how the country reduces its carbon footprint. By establishing federally funded innovation centers across the intermountain West, Brookings says the region can capitalize on its many world class assets.
A nonpartisan think tank Wednesday outlined an ambitious plan to boost renewable energy development in America and placed Nevada and the West in the center of it.
The United States Mountain West has long been a hotbed of experimentation and innovation, due in no small part to a decades-long partnership between government, universities and private enterprise. Throughout the 20th century, the federal government invested in dams, transportation infrastructure and military installations that facilitated economic expansion and the emergence of new private industries.
The United States Mountain West has long been a hotbed of experimentation and innovation, due in no small part to a decades-long partnership between government, universities, and private enterprise. Throughout the 20th century, the federal government invested in dams, transportation infrastructure, and military installations that facilitated economic expansion and the emergence of new private industries.
The Intermountain West will be a good place to further research into energy, given the assets from universities and national research operations already in the region, according to a Brookings Institute study out Wednesday.
The study calls for the development of “centers of invention” to connect New Mexico, Arizona, Colorado, Idaho, Nevada and Utah, with hubs for various renewable energy infrastructure.
Four to six federally funded research centers should be developed in Colorado and other western states to find better ways to develop and commercialize clean energy, a report Wednesday from the Brooking Institution and the University of Nevada, Las Vegas, recommends.
The report says Colorado should be considered as a site for clean-energy "innovation centers" focused on advanced biofuels, "smart grid" projects and carbon management.
The Intermountain West will be a good place to further research into energy, given the assets from universities and national research operations already in Arizona and the region, according to a Brookings Institute study out Wednesday.
The study calls for the development of “centers of invention” to connect Arizona, Colorado, Idaho, New Mexico, Nevada and Utah, with hubs for various renewable energy infrastructure.
Arizona could be a key member of a regional clean-energy research network proposed in a report released today.
The report from Brookings Mountain West calls for an expanded network of federally funded research and innovation centers focused on solar, biofuels, geothermal and other alternative-energy sources, with the centers to be established in Arizona or five nearby states.
In 19th-century America, the government awarded land grants to start what would become the transcontinental railroad and establish universities such as Rutgers and Michigan State.