Mar 7, 2017

Nevada still hasn't recovered from the financial crisis

Christopher Matthews

Alphaville's Matthew Klein points to some depressing data from Nevada that show the state has a long way to go to heal from the aftermath of the housing bubble: "Adjusting for changes in population, Nevada's real output is a staggering 21 per cent below its 2006 peak, and more than 10 per cent below its level from two decades ago — a performance only comparable to Greece."

Nevada's unemployment rate has fallen from close to 14% in 2010 to just above 5% today, but much of that has been the result of workers leaving the labor force altogether.

Data: Bureau of Labor Statistics

Nevada's younger-than-average population long allowed it to have a higher share of its population employed than the rest of the U.S. But the recession set Nevada's young workforce back on its heels, and its recovery over the past decade has been depressingly weak.

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Fadel Allassan

DOJ watchdog finds flaws in FBI surveillance process beyond Page application

Carter Page. Photo: Chip Somodevilla/Getty Images

The Justice Department inspector general found errors in 29 out of 29 randomized FBI applications for acquiring wiretap warrants through the Foreign Intelligence Surveillance Act, or FISA, according to a report released Tuesday.

Why it matters: The broad DOJ audit of the FISA program stems from a damning investigation into the FBI's surveillance of former Trump campaign aide Carter Page, which uncovered "serious performance failures" by some FBI officials during the Russia probe. The IG's final findings come as Congress debates whether to renew the authority it grants to the FISA courts.

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Axios

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3:30 p.m. ET: 838,061 — Total deaths: 41,261 — Total recoveries: 174,115.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 3:30 p.m. ET: 177,452 — Total deaths: 3,440 — Total recoveries: 6,038.
  3. Public health updates: More than 400 long-term care facilities across the U.S. report patients with coronavirus — Older adults and people with other health conditions are more at risk, new data shows.
  4. Federal government latest: The White House and other institutions are observing several models to better understand and prepare cities for when the coronavirus is expected to peak in the U.S.
  5. In Congress: New York Rep. Max Rose deploys to National Guard to help coronavirus response.
  6. 🎧 Podcast: Misinformation in the coronavirus age.
  7. What should I do? Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Keep ReadingArrowUpdated 1 hour ago - Politics & Policy
Rebecca Falconer, Orion Rummler, Marisa Fernandez

U.S. coronavirus updates: White House studies models projecting virus peak

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

The White House and other institutions are observing several models to better understand and prepare cities for when the coronavirus is expected to peak in the U.S.

The state of play: The coronavirus is expected to peak in the U.S. in two weeks, but many states like Virginia and Maryland will see their individual peaks well after that, according to a model by the University of Washington's Institute for Health Metrics and Evaluation.

Go deeperArrowUpdated 2 hours ago - Health