Need groceries or a new coat? Just swipe your credit card. According to CardHub.com, a credit card comparison website, Americans were on track to surpass $900 billion in credit card debt by 2015’s end.
In the early 2000s, Las Vegas was on the upswing for population, employment and housing growth. But at the downturn of the recession, Southern Nevada found itself on the wrong side of the curve.
Southern Nevadans just lived through a once-in-a-lifetime recession. While it’s unlikely the next dip is going to be as dramatic as 2008, there’s little doubt it’s coming.
It was anything but drama-free on the local theater scene in various regards during the recession years. The economic downturn in 2008-09 caused Las Vegas Valley residents to tighten their belts when it came to spending on nonessentials such as entertainment.
While many family-focused attractions from M&M World to Adventuredome at Circus Circus have remained on the Strip, others have closed, moved or changed focus.
Las Vegas wasn’t alone in the construction crisis. The U.S. Census Bureau reports that more than 60 percent of construction workers displaced by the housing bust either left the labor market by 2013 or found employment in other industries.
Kathy Bastian felt firsthand the impact of the spiraling economy four years after the recession.
The recession’s effect on the gaming and tourism industries also trickled down to impact small businesses around the valley. However, Las Vegans dusted themselves off and moved forward. In 2014, Forbes named our city one of the 12 best in which to start a business.
Soon after the economy crashed in 2008-09, mobile businesses began starting their engines. The economic downturn was a crucial factor, particularly for the dawn of various food trucks that have since gained momentum and expanded in the valley — in some cases blossoming into brick-and-mortar locations.
Switching career paths might be a way to weather ups and downs in the job market, but those in the health sciences field seem to be able to stay put.
After one of the most devastating financial downturns in Las Vegas history, things are looking up, but for some parts of the valley, up is a lot further to get to and it’s coming slower than many residents would prefer.
For millennials — a term that loosely defines the generation of people currently in their early 20s to mid-30s — the recession hit particularly hard and at a particularly difficult time. Many of them were just entering the job market when it went south, but a lot of them have landed on their feet.
During the Great Recession, people still got sick, had surgeries, experienced accidents and had babies. But with record unemployment, many Las Vegans — without health insurance or other means to pay for services — ended up in emergency rooms.
A roundup of various homebuying programs and types of loans available.
In no other area is economic revival more prevalent than in the far northwest valley. Located at the last exit along U.S. Highway 95 before Kyle Canyon Road, Skye Canyon is one of the first master-planned communities to begin construction in Southern Nevada since the recession.
The year was 2007. Many people were buying houses they could otherwise not afford, gambling on the chance that prices would continue to rise, allowing them to eventually refinance or sell at a profit. In between the creative financing, looser credit standards and easy loans was a chance for them to attain stability and security — until homebuyers realized they had played the wrong cards.
When Ralph Pota decided to come to the valley from the New York City area, he wasn’t aware that Las Vegas was one of the hardest-hit cities in the recession.
The economic downturn affected nearly every job category in Las Vegas metro. Companies downsized, and even workers who still had a job saw their pay or hours cut.
If the arrest warrant Sean Szymborski faced March 16 had been issued a day earlier, his North Las Vegas roommate might still be alive.
Tennessee resident Richard A. Snowden, 64, has become an often-quoted media darling while following Donald Trump to nearly 30 rallies in more than a dozen states. Las Vegas was one of several cities where Snowden operated strip clubs.
In recent years, similar bills have failed in states including Arkansas, Illinois, Nevada and New York.
A photo of Dave and Mackenzie Kaplan’s daughter has gone viral because of the infant’s thick mane. Recently, Mackenzie Kaplan innocently posted a selfie posing with her daughter, Isabelle. The next day, friends and family began telling the San Francisco couple that other people were sharing the photo over various social media sites.
Haylee Lupinetti who pitched a complete game earlier Saturday in a semifinal win, tossed 4 1/3 innings of scoreless, two-hit relief to help Palo Verde rally for an 11-9 win over Westview (Oregon) in the Silver Bracket final of the Spring Jamboree at MajesticPark.
A person was shot and killed in the central valley early Saturday morning, police said.
Sunday letters to the editor.
In a recent article in the High Desert News, Arizona Rep. Raul M. Grijalva stated that the public lands debate in the West was based upon “fairy tales”of the federal government taking land away from states. Rep. Grijalva opined that the “people selling this fantasy know better, and they need to level with the people they represent before the Malheur standoff is repeated.”
With the world on fire, the American president goes on ideological holiday.
Both major parties fail public by not fielding candidates.
The conservative Republican primary season has officially gotten underway, as members of the party’s anti-tax wing begin to confront their moremoderate peers on the campaign trail as both vie for voter’s approval.
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