In The News: Molasky Family Department of Economics and Real Estate

SFGate

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.

Nevada Independent

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.

Public News Service

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.

KSNV-TV: News 3

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.

Great Basin Sun

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.

Nevada Independent

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.

KRNV News 4

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.

Mortgage Research Network

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.

Nevada Independent

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.

KTNV-TV: ABC 13

Washington is bracing for a government shutdown as federal agencies prepare to halt non-essential operations at midnight. Stephen M. Miller, a professor of economics, explained the potential consequences for local residents, particularly veterans who rely on federal services.

KLAS-TV: 8 News Now

Tonya Harvey is always on the go as a freelance photographer, and when she needs a quick pick-me-up, she’ll order a kids’ meal. “I don’t want to waste the whole workout for the morning, but I’m hungry in between gigs and its just enough, gets you through one gig to the next,” Harvey said. “I don’t do it everyday.” And she’s not alone. Lightspeed Commerce surveyed around 44% of adults who order from the kids’ menus at restaurants.

Nevada Independent

The economic impact on the local economy is hard to overstate. Canadians pumped $3.6 billion into the Southern Nevada economy and supported more than 43,000 jobs, notes UNLV economics professor Stephen Miller. When Sen. Catherine Cortez Masto (D-NV) joined a bipartisan delegation to Ottawa in July to make nice with Prime Minister Mark Carney following Trump’s blustering insults about making Canada the 51st state, it was a reminder of what’s at stake. It’s hard enough to do business in a competitive marketplace when the president is bent on driving away customers.