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Post-presidential debate poll shows a shift in WI; Teamsters won't endorse in presidential race after releasing internal polling showing most members support Trump; IL energy jobs growth is strong but lacks female workers; Pregnant, Black Coloradans twice as likely to die than the overall population.

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The Teamsters choose not to endorse a presidential candidate, county officials in Texas fight back against state moves to limit voter registration efforts, and the FBI investigate suspicious packages sent to elections offices in at least 17 states.

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A USDA report shows a widening gap in rural versus urban health, a North Carolina county remains divided over a LGBTQ library display, and Minnesota Gov. Tim Walz' policies are spotlighted after his elevation to the Democratic presidential ticket.

Will Wall Street Bailout Reach Main Street, NV?

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Monday, October 6, 2008   

Las Vegas, NV - Will the rescue of Wall Street reach Main Street? The eyes of the nation, and the world, will be on the U.S. stock market today as the $700 billion bailout gets its first major test. For Nevada, the big questions are whether the rescue plan will provide a cure for two of the state's biggest problems, unemployment and home foreclosures.

James Parrott, chief economist for the Fiscal Policy Institute, doubts that the bailout will cure those woes. He believes that while Congress took an important first step by injecting billions to stabilize the markets, more action is needed for the rescue to help people in Nevada.

"We also need to stabilize real estate markets and provide a robust stimulus package to get the economy going again. Unfortunately, the second and third steps were not part of this deal."

The Silver State has long ranked among the "foreclosure capitals" of the nation, and unemployment has now become a growing concern. The nation lost 159,000 jobs last month, and state economists have issued their own dire prediction for Nevada. They say unemployment will reach 8.6 percent next year, and unless the economy gets rolling again, the jobless rate could stay at that level for years to come.

Launce Rake, with the Progressive Leadership Alliance of Nevada, worries about the way these job losses will affect the state.

"Unemployment is at its highest rate in more than a quarter-century. Folks are going to lose their jobs, and this bill does nothing to address the fundamental economic problems that are leading to foreclosures and unemployment."

Rake believes Congress needed to act to stabilize the financial markets, but among the results will be the elimination of resources that could have funded important work in areas such as health care, education and human services.


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