In The News: Department of Economics

The Indianapolis Star

As Indianapolis leaders head to Major League Soccer all-star festivities this week, the city's bid to land a franchise - while not fully fleshed out - is further along than efforts in other cities that have been mentioned as possible franchise sites in recent years. In a matter of three months, Indianapolis Mayor Joe Hogsett has identified a downtown stadium location, received a key approval for the site and has even picked up some statewide political support. All are important to making the city attractive to MLS.

Nevada Independent

More than two dozen minor league franchises — including Silvers, Outlaws, Thunder and Gladiators are on the headstones in Southern Nevada’s sports graveyard. But not the Las Vegas Aviators. Without its $150 million stadium anchoring Downtown Summerlin, the Triple-A team — which has been known as Stars and 51s — might have followed.

Nevada Independent

When former President Donald Trump held a rally in Las Vegas in mid-June, he pledged to end federal taxation of tips. “Hotel workers and people that get tips, you’re going to be very happy because when I get to office, we are going to not charge taxes on tips,” he said. “We’re going to do that right away, first thing in office.”

The Nevadan

When the United States was in the midst of a fight against inflation in mid-2022, Nevada Republican US Senate candidate Sam Brown had an idea he said would have stopped inflation in its tracks — but one that also could have prompted a recession.

Battleground News

Nicholas Irwin, Associate Professor of Economics at UNLV joins S.E. Cupp on Episode 2 of Battleground! Nicholas expands on the cost of living in NV, how it's impacting voters, and the crazy reality of rent & mortgage prices.

Las Vegas Review Journal

With mortgage rates at a 20-year high and many homeowners locked into low rates they nabbed during the pandemic, fewer existing houses are selling in Southern Nevada and homebuilders are offering more incentives to get buyers into new homes.

Las Vegas Review Journal

The Las Vegas Valley could run out of land to build houses in as little as eight years, and this is definitely cause for concern, the leader of the region’s homebuilders association said.

KTNV-TV: ABC 13

If you're a renter, chances are your rent has increased in the last year. According to Redfin, the median rent in Las Vegas is about $1,500, while the national average is just over $ 1,600.

Daily Mail

The CEO of Red Lobster's parent company said he will never eat lobster again after the chain was forced to file for bankruptcy days after closing 100 locations. Thiraphong Chansiri, 58, is the CEO of Thai Union, a Thailand-based producer of seafood based products that owns a 49 percent stake in Red Lobster.

Las Vegas Review Journal

Investor purchases are on the rise again, and the Las Vegas Valley has seen one of the biggest upticks in the country, according to Redfin.

Daily Mail

Red Lobster has filed for Chapter 11 bankruptcy protection days after shuttering nearly 100 restaurants across America. The seafood chain, which has closed restaurants in 27 states, has been struggling with rising lease and labor costs in recent years and also promotions like its iconic all-you-can-eat shrimp deal that backfired.

Los Angeles Times

Red Lobster promised customers an endless supply of shrimp for $20 — a gamble the struggling restaurant chain hoped would help pull it out of its pandemic doldrums. But Americans, and their appetites, had other plans.