Washington Post: LONDON — Rampant looting and raging fires engulfed swaths of London on Monday as the wave of civil unrest that has gripped this sprawling capital escalated sharply, including riots in a neighborhood not far from that of the athletes’ village and shiny stadiums being built for the 2012 Olympic Games. The images of [...]
Politico: Barack Obama’s aides and advisers are preparing to center the president’s re-election campaign on a ferocious personal assault on Mitt Romney’s character and business background, a strategy grounded in the early stage expectation that the former Massachusetts governor is the likely GOP nominee. The dramatic and unabashedly negative turn is the product of political [...]
Bloomberg: Oil dropped below $80 a barrel in New York, falling to the lowest in more than 10 months, as the U.S. credit rating cut and rising stockpiles stoked concern an economic slowdown will worsen, reducing fuel demand in the world’s biggest crude consumer. Futures slipped as much as 3.3 percent today, following a 6.4 [...]
Wall Street Journal: After last month’s debt-ceiling debacle, a critical mass of President Obama’s harshest critics have gone from calling him socialism’s evil genius to tagging him as merely a clueless community organizer who is in over his head. Yet while the haggling over spending exposed many of the president’s weaknesses, it seems a mistake [...]
Christian Science Monitor: After Black Tuesday, Oct. 29, 1929, Variety declared “Wall Street lays an egg,” to describe a drop of 23 percent in the stock market over two days. In the stock market “crash” of 1987, the Dow Jones Industrial Average lost 22.6 percent of its value in one day. On Monday, the Dow [...]
Fox News: WASHINGTON — The Pentagon said Monday it will not allow media to document the return to the United States of the bodies of 22 Navy SEALs and eight other service members because the remains are unidentifiable and therefore families can’t grant permission for access. The bodies were expected to arrive at Dover Air [...]
ETF Daily News: ‘Someone’ dropped a bomb on the bond market Thursday – a $1 billion Armageddon trade betting the United States will lose its AAA credit rating (and helping to ensure that it would occur). In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the [...]
Big Hollywood: Funny how this cynical new ABC series (produced and starring the rich, no doubt) assumes average Americans are more interested in taking revenge on the rich instead of becoming rich themselves. It’s also also interesting that the show is set in the Hamptons as opposed to, say… Hollywood? Revenge, which ABC entertainment Group [...]
New York Times: BARACK OBAMA must wonder sometimes if his luck has run out. Maybe he used it all up in 2008. “Yes, we can!” has devolved into “Hey, we might.” “When I said, ‘Change we can believe in,’ I didn’t say, ‘Change we can believe in tomorrow,’ ” he told an audience at a [...]
CNS News: State and local education officials have been begging the federal government for relief from student testing mandates in the federal No Child Left Behind law, but school starts soon and Congress still hasn’t answered the call. Education Secretary Arne Duncan says he will announce a new waiver system Monday to give schools a [...]
Wall Street Journal: By BRENDAN CONWAY NEW YORK—U.S. stocks fell sharply early Monday as the New York Stock Exchange invoked the so-called Rule 48 to smooth the open of trading after a credit downgrade of the federal government primed markets to extend last week’s steep losses. The Dow Jones Industrial Average dropped 135 points, or [...]
WASHINGTON (AP) — The top White House adviser to Barack Obama is blaming the downgrade of the U.S. credit rating on tea party Republicans, whom he says were unwilling to compromise on how to reduce the federal debt. The top personal adviser to President Barack Obama, David Axelrod, tells CBS’ “Face the Nation” on Sunday [...]
Politico: After spending the weekend at Camp David, President Obama plans to lay low at the White House for most of Monday with just a daily briefing at the Oval Office on his morning schedule, according to his public schedule released to reporters. In the evening, the president will attend two DNC events in Washington. [...]
