In The News: Department of Economics

The holiday season is upon us, and shoppers are in the homestretch of their search for gifts. But what role will the economy, dynamic pricing, and shrinkflation play in consumers’ ability — or even interest — to cross items off their wish lists?

As the holiday season unfolds, consumers are navigating the complexities of dynamic pricing, a strategy where prices fluctuate based on demand and other factors. Economist Mark Tremblay from UNLV explains that dynamic pricing, while not new, has become more prevalent with the rise of online shopping, where prices can change by the second. This approach is now extending to brick-and-mortar stores through digital price tags, allowing for frequent price updates without the need for physical changes.

As the holiday season approaches, shoppers are experiencing sticker shock with rising prices on popular toys.
Las Vegas is experiencing increasing turbulence, not on the casino floors, but in the skies above. Harry Reid International Airport faced delays or cancellations on more than a quarter of all scheduled flights on Monday, leaving thousands of travelers stranded and tourism-dependent local businesses bracing for an economic hit.
Las Vegas is bracing for another hit to its already struggling tourism industry. The city’s main airport is one of the 40 airports the Federal Aviation Administration directed to cancel up to 10% of its flights to relieve pressure on unpaid air traffic controllers due to the ongoing government shutdown.

The Boring Co. is snapping up real estate along planned extensions of its underground Las Vegas Loop in what some observers say is an investment with unclear prospects of a return.

If you think you might be eligible for Social Security disability insurance, experts recommend you start the process soon, as the Trump administration is reportedly considering changes to make it harder to qualify. According to the Washington Post, the administration is preparing to release a rule change which could remove age as a factor when considering eligibility.

The ongoing government shutdown is threatening to disrupt Las Vegas tourism, a vital economic sector for the city. The Las Vegas Convention and Visitors Authority reported that 3.3 million people visited the city in November, with 2.1 million arriving by air. Any disruption in air travel could significantly impact tourism and the livelihoods of locals dependent on it.
The suddenly fraught future of the Thacker Pass lithium mine cleared an unexpected hurdle on Tuesday, after the Trump administration agreed to release the first part of a loan critical to the Nevada project’s development in exchange for the U.S. government taking a stake in the effort.

Short-term rentals booked through platforms such as Airbnb and Vrbo can be an attractive option for large families or groups visiting Las Vegas and looking to save a buck and avoid paying for several hotel rooms. However, permits for short term rentals in Southern Nevada are hard to come by.
The Trump Administration officially owns part of private company Lithium Americas and its joint venture with General Motors, the Thacker Pass Lithium Mine Project north of Winnemucca. This is after the companies reached an agreement with the Department of Energy (DOE) Tuesday.
Treasury Secretary Scott Bessent hinted at the housing emergency declaration during a Labor Day interview with the Washington Examiner. While Bessent hasn’t offered specifics, he told the Examiner that standardizing local building and zoning codes and decreasing closing costs are some options. The Treasury Department did not respond to requests for an interview for this story.