Published Friday, Oct. 10, 2008 | 11:57 a.m.
Updated Tuesday, Oct. 28, 2008 | 10:15 a.m.
Cue the menacing soundtrack -- the horror continues on Wall Street. I’m waiting for Jamie Lee Curtis to go screaming through the trading floor.
Panic usurped control of the markets this week, and the news just keeps getting worse. General Motors' stock hit lows yesterday not seen since 1950, the Bush administration is meeting with congressional leaders, possibly today, about forking over government cash to troubled U.S. banks and economists now predict the economy could keep declining until mid-2009, forcing some to use that dirty word: recession.
Even billionaires are feeling the pain (this time, cue violins). Casino mogul Sheldon Adelson’s net worth tumbled $4 billion last month. He’s now only No. 15 on Forbes’ richest Americans list.
And Nevada’s gaming revenues are down again.
In election news:
-- Did you hear yesterday the NRA endorsed ... wait for it ... McCain?
-- Republican state Sens. Joe Heck and Bob Beers are frustrated over campaigning against candidates that are staying out of sight, the Sun’s Jon Ralston observes.
-- A Reno Gazette-Journal poll shows Nevadans are unmoved by the VP candidates.
-- And the paper’s political blogger Anjeanette Damon reports voters aren’t feeling the love for Gov. Jim Gibbons, either.
-- The TV ads are relentless in the last few weeks before the election. The Sun’s Truth Squad looks at another ad attacking Titus.