Hey, someone tell the Las Vegas newspaper the airport name was changed in 2021

In 2021–on December 14 to be precise–the name of the major airport in Las Vegas was officially changed to Harry Reid International Airport. The idea was to honor the longtime U.S. senator from Nevada through 2017, who died just two weeks later at age 82. The old name had memorialized another long-time Nevada senator, Pat McCarran. He was a proponent of aviation whose political persona in later life before his 1954 death at age 78–racist, antisemitic, anti-free press and maybe corrupt–had not weathered well.

So it was a little surprising at the New To Las Vegas world headquarters today to open the Las Vegas Review-Journal (yes, I still get the paper thrown to the door) and see the map displayed nearby. It shows the route of a new water pipeline to be built across the Las Vegas area. Toward the upper left-hand corner is labeled … “McCarran International Airport.”

In this new age of AI, of course, one never knows where the underlying information is really coming from. But maybe this helps explain why the RJ, which editorially was never much of a fan of Reid, is now the third largest daily newspaper in the country never to have won a Pulitzer Prize.

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UPDATED: In Las Vegas, how about a perp pool on when the first Trump pardonee gets re-arrested?

perp pool

Jimmy Hoffa (via Wikipedia)

SEE UPDATES AT END OF POST

Originally published January 21, 2025
Updated January 22, 2025
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A half-century ago, I was part of a ghoulish office pool started in the Philadelphia bureau of the Associated Press, where I worked at the time. On what day of the week would Jimmy Hoffa’s body be found? He was the convicted, mobbed-up ex-Teamsters Union president who suddenly vanished after leaving a Detroit-area restaurant in 1975. His disappearance quickly became a national sensation. It was widely believed–then and now–Hoffa was done in at the behest of one of his supposed organized crime cronies.

Six of us hacks each pitched in $5.00 (about $30 in today’s dollars). I chose Saturday.

As it turned out, Hoffa’s remains were never found. He’s still missing. So no one won the office pool (except my supervisor, who didn’t return the wagers even though there was no “winner”). Hoffa was legally declared dead in 1982, although the case officially is still open.

The Hoffa bet popped into my mind amid the big news last night that newly re-inaugurated President Donald J. Trump pardoned or commuted nearly 1,600 rioters who had a hand in storming the Capitol in Washington, D.C., on January 6, 2021. Those receiving his grace included several convicted of seditious conspiracy.

Since I’m now New to Las Vegas, let’s start a new pool. In what month going forward will the first of these releasees be re-arrested on charges of committing another criminal act of some kind? In my view, with such a large universe of suddenly emboldened suspected hooligans for whom law and order has proven to be an elusive concept, it’s certain to happen. Just a matter of when.
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Soon, here comes the judge in Las Vegas newspaper litigation

The hearings have been held and almost all the briefs are in. It will be up to a federal judge in Nevada to decide if the Las Vegas Sun will ever see the light of print again. A ruling could come soon. In my view, it’s a loooong shot for the 76-year-old daily newspaper.

To recap: In 2019 the Sun, owned by founder kin Brian Greenspun, sued its business partner, the Las Vegas Review-Journal, owned by the mega-multi-billion-dollar Adelson family, claiming violations of federal antitrust laws. In 1989 the two papers had entered into a Joint Operating Agreement under which the RJ would handle advertising, printing and circulation for both papers while sending the Sun a small cut of cash flow to cover its editorial costs for an separate publication. In 2005 JOA arrangements were changed to make the Sun a daily ad-free section within the RJ. The JOA was set to expire in 2040.

All this happened amid the meltdown in newspaper revenues thanks to online sources like Craigslist, which siphoned away lucrative classified ads. In 2020 I estimated in this space that the Las Vegas JOA was losing $10 million a year. Remarkably, that figure was later confirmed by an RJ executive in open-court testimony. But it really was no surprise; even counting new digital subscribers, circulation of the RJ has declined 77% under Adelson ownership.

Earlier this year, Anne R. Traum, the patient federal district judge hearing the matter in Las Vegas (although she is based in Reno), gave the Sun the latest in a series of injunctions requiring the RJ to continue printing the Sun pending outcome of the federal litigation. But the RJ won a ruling from the Ninth Circuit Court of Appeals in San Francisco voiding the injunction as well as the JOA. The reason: That 2005 change in the JOA required permission of the U.S. Attorney General, which was never given. After the U.S. Supreme Court declined to hear the Sun‘s appeal, the RJ daringly stopped printing the Sun on April 3. That led to the present flurry of legal activity in which the Sun, which is still online, seeks another must-print injunction. Two days of hearings took place last month. Greenspun testified he doesn’t have the wherewithal to finance the print product on his own. Continue reading

From Las Vegas: boom, bubble, bust–250 years of American history in just three words (Part 1)

boom bubble bust

Declaration of Independence

With the semiquincentennial of the United States hard at hand, everyone, it seems, is opining on the history of the United States over the past 250 years. Much of the commentary touches on race and inequality, which certainly is fair enough.

So why not me? I’m a long-time financial journalist and a serious student of history since my days at dear old Rutgers. Accordingly, I offer my two cents explaining the course of American events since our official founding with the Declaration of Independence in 1776.

Here’s the Cliffs Notes version: Boom, bubble and bust. To me, New To Las Vegas, a place where for many gamblers it’s BB&B every day, it’s that simple.

Since John Hancock penned his famous signature on that famous parchment, the U.S. has experienced dozens of boom-bubble-and-bust cycles. They have been of various durations and intensities, lasting on average about five years. Some now are more famous than others. Indeed, the U.S. has rarely gone more than a half-decade without being caught up in a BB&B. Their patterns are remarkably similar. In my view, we’re clearly in yet another bubble right now.

Not every downturn has been caused by a bubble. Over time, the booms and bubbles have been more than the busts. So the net result of all the completed cycles have benefited the overall American economy. But not everyone in it, and not equally. It’s often been the Federal Governmental response–essentially encouraging the booms and bubbles, then trying to deal with the fallout from the busts in a way that protects the rich far more than the poor–that has helped create the great political and economic divide we now have in our country.

It’s the same old story.The history of BB&Bs explains most everything and provides lessons for today. So let’s start a loooong walk down Forgotten Memory Lane. Continue reading