Today's Headlines -- Tuesday

• Stocks recoup losses on Bernanke hopes (AP)
• Plunge on Wall Street threatens to spook consumers (AP)
• UK PM recalls Parliament for London riot crisis (AP)
• AP IMPACT: Japan ignored own radiation forecasts (AP)
• For flash mobsters, crowd size a tempting cover (AP)
• Syria defies world reproach with new military raid (AP)
• Obama to announce fuel standards for big vehicles (AP)
• Polygamist leader faces possible life prison term (AP)
• VH1 explores hip-hop and cocaine in new docu (AP)
• Nyad ends 2nd attempted swim from Cuba to Florida (AP)
• Stock futures rebound from plunge, Fed statement due (Reuters)
• Fed under pressure to act as world markets swoon (Reuters)
• Market rout deepens global economic crisis (Reuters)
• Obama speaks with Spanish, Italy leaders on eurozone (Reuters)
• Syria pursues army offensive despite Turkish talks (Reuters)
• Honda says studying shift overseas to avoid yen effect (Reuters)
• London reels from riots, Cameron pledges crackdown (Reuters)
• American trades university for life as Libya rebel (Reuters)
• Debt crisis resists assault by ECB and global leaders (AFP)
• Clegg visits London riot site (AFP)

Markets Will Rise and Fall

Reuters – REFILE - CORRECTING SPELLING OF AFGHANISTAN U.S. President Barack Obama walks out to make a statement ...

"Markets will rise and fall," he said. "But this is the United States of America. No matter what some agency may say, we've always been and always will be a triple-A country."

Despite what S&P announced on Friday, that our rating have dropped from triple A to double A plus, Obama wants us to dismiss that information.

Click title of post for full story.

Yes, Obama is correct that markets will rise and fall but, he seems to fail when understanding that governments can help those fluctuations by not allowing them to be so drastic. A booming economy is great until it falls rapidly like we witnessed under the Clinton administration. Downward trends will come and go but, a government can make those trends a little bit easier.

Just living in denial about what is going on with our economy is where Obama resides.

Today's Headlines -- Monday

US markets fall sharply after S&P downgrade (AP)

Syrian defense minister replaced (AP)

UK police arrest over 200 as London riots continue (AP)

NATO: Troops in crash were after Taliban leader (AP)

S&P downgrades Fannie and Freddie, US-backed debt (AP)

Famine: 'Hundreds of thousands of kids could die' (AP)

Correction: Afghanistan Crash Vignettes story (AP)

Woman: Alleged Ohio killer of 7 in estate dispute (AP)

Nyad 'swimming strongly' in cross-Straits attempt (AP)

Real Madrid signs 7-year-old soccer prodigy (AP)

Wall Street sinks on S&P downgrade, banks (Reuters)

ECB backs Italy, Spain in bid to halt euro crisis (Reuters)

Syrian tanks pound city as Saudi king condemns violence (Reuters)

AIG sues BofA for $10 billion alleging "massive fraud" (Reuters)

Clashes erupt in London on third day of violence (Reuters)

U.S. says Taliban not resurgent, despite copter crash (Reuters)

Obama statement delayed to 1:30 pm EDT (Reuters)

Moody's cautious about U.S. deficit cuts plan (Reuters)

Debt crisis resists assault by ECB and global leaders (AFP)

Clegg visits London riot site (AFP)

Today's Headlines -- Friday

• Global stocks tumble amid recession fears (AP)
• Syrian security forces shoot dead 4 protesters (AP)
• Gunfire said to kill 7 as aid is looted in Somalia (AP)
• Unemployment rate dips, economy adds 117K jobs (AP)
• Libyan rebels: NATO airstrike kills Gadhafi's son (AP)
• Polygamist leader's records helped get convictions (AP)
• Senate to take up bill to end partial FAA shutdown (AP)
• Mo. teachers protest social media crackdown (AP)
• NASA set to launch spacecraft to planet Jupiter (AP)
• In Abu Dhabi, lingerie reflects UAE's retail pull (AP)
• July payrolls rise may soothe recession fears (Reuters)
• Stock futures flat ahead of payrolls report (Reuters)
• EU leaders in crisis talks, ECB offers only limited help (Reuters)
• Insight: Jaded traders ask "What, another crisis?" (Reuters)
• Special report: The "shorts" who popped a China bubble (Reuters)
• P&G results top views, but outlook falls short (Reuters)
• NY seeks to intervene in BoA $8.5 billion pact (Reuters)
• Fannie Mae seeks $5.1 billion more from taxpayers (Reuters)
• World stocks dive amid fresh recession fears (AFP)
• Libya rebels say NATO raid killed Kadhafi son (AFP)

Today's Headlines -- Thursday

• Stocks plunge as economic, Europe worries continue (AP)
• Va. Tech lifts campus alert after report of gunman (AP)
• Syrian siege of Hama raises humanitarian concerns (AP)
• Unemployment aid applications tick down to 400K (AP)
• Kraft Foods plans to split into 2 companies (AP)
• 36M lbs. of turkey recalled in salmonella outbreak (AP)
• Polygamist leader's Texas trial goes to jury (AP)
• Obama celebrates 50th birthday at White House (AP)
• Documents: NY child slaying suspect 'heard voices' (AP)
• Famine's devastation: 4 dead children, 1 family (AP)
• Wall Street tumbles on concerns over Europe (Reuters)
• GM profit nearly doubles, slowdown risk ahead (Reuters)
• Jobs, retail sales data support recovery hopes (Reuters)
• BNY Mellon imposes fee on rapidly growing deposits (Reuters)
• Special report: How Washington took the U.S. to the brink (Reuters)
• Kraft's Rosenfeld breaking up food giant she built (Reuters)
• Dozens die, thousands flee Syrian tank assault in Hama (Reuters)
• Euro zone policymakers fail to extinguish market fire (Reuters)
• US, Russian have strong words for Syria's Assad (AFP)
• Famine to engulf all of southern Somalia: UN (AFP)

Today's Headlines -- Wednesday

• Debt is a done deal, but peace truce already fades (AP)
• Budget battle moves on to super committee (AP)
• Stocks on long losing streak as economy weakens (AP)
• Egypt's Mubarak at court to face historic trial (AP)
• Video shows Nancy Garrido luring girl into van (AP)
• Somali militiamen prey on refugees fleeing famine (AP)
• FAA shutdown to continue as Congress leaves (AP)
• Norway's right-wing on defensive after attacks (AP)
• Government still seeking source of tainted turkey (AP)
• NBA takes legal action against locked-out players (AP)
• Default avoided but fears on economy remain (Reuters)
• U.S. rating maintained by Moody's, Fitch (Reuters)
• Syrian forces hit Hama again (Reuters)
• Analysis: Obama suffers political setback in debt deal (Reuters)
• Analysis: Decades-old auditor ties under scrutiny in U.S. (Reuters)
• StanChart pretax profit up 17 percent, beats forecasts (Reuters)
• Egypt's Mubarak to face trial set to rattle Arab rulers (Reuters)
• Analysis: Asia decoupling? Not without more help from China (Reuters)
• Obama says US austerity bill only a 'first step' (AFP)
• Egypt's ousted strongman Mubarak goes on trial (AFP)

Lemonade Stand Needs Permit

Somethings you just have to read for yourself. I can't make this stuff up. Click title of this post for the full story.

A little 4-year-old from Coralville, IA named Abigail Krutsinger, was forced to shut her lemonade stand down since it did not have the required permit.

On one hand, I guess you have to give them credit for enforcing the law. This will be a valuable lesson for this budding entrepreneur. She will remember her flaw and make sure that in the future she knows more about doing business within the law. The only problem is, doesn't this really just show how ridiculous our rules and regulations have become? Certainly there are laws for businesses in order to try and maintain a market that operates within the standards of ethic, but this? A lemonade stand? Really?

Today's Headlines -- Tuesday

• Senate takes up debt limit bill, passage likely (AP)
• Giffords' vote the most memorable of all (AP)
• Rights group: 24 killed in Syria as Ramadan starts (AP)
• Autopsy on missing NH girl scheduled (AP)
• US troops must have legal immunity to stay in Iraq (AP)
• UK police arrest man over hacking allegations (AP)
• CDC: 1 death, 76 illnesses linked to ground turkey (AP)
• School voucher bills flood GOP-led statehouses (AP)
• ABC's 'Bachelorette' picks her guy, gets engaged (AP)
• Agent: Randy Moss retiring from NFL (AP)
• Debt battle set to draw to close, for now (Reuters)
• Toyota cautious on forecast after quake hits results (Reuters)
• Syria death toll rises, Italy recalls envoy (Reuters)
• Pfizer profit rises, buoyed by animal products (Reuters)
• Japan primes markets for FX intervention (Reuters)
• War to go on even if NATO bombing ends: Gaddafi camp (Reuters)
• ECB eyed for signs of growing rate hike caution (Reuters)
• Government hankers for hackers (Reuters)
• 24 killed in Syria as Ramadan begins: activist (AFP)
• US Senate to hold 11th hour vote on debt plan (AFP)

Norah O'Donnell - You Be The Judge

CBS' Norah O'Donnell is the current focus of the latest media bias story. In her exchange with Jay Carey, she seems to be talking from her personal point of view. Others have pointed out that she had stated prior that she was speaking on behalf of democrats.

Click title of post for full story.

O’Donnell: You talk about two weeks ago. Two weeks ago the president talked a lot about shared sacrifice. He talked about ending subsidies for oil companies. He talked about ending tax breaks for corporate jet owners. He talked about that this was a very fair deal, where he was offering 3-to-1 spending cuts (inaudible) tax revenues. Where are the tax revenues? 

Carney: Well, Norah, I think we just addressed this, but I’ll be happy to do it again. We did not get the grand bargain up front. And we all know why, OK? There were, as the speaker himself said, $800 billion on the table in revenue as part of a grand bargain. There were tough choices made by both sides in that potential agreement that was not reached. And we did not get that done. The speaker decided he…

[Crosstalk]
O’Donnell: …Democrats saying he gave them everything they wanted and we got nothing.

So you be the judge...is this something conservatives should be worried about and pointing out? I think it's just one of many examples of the liberal media bias. We know these people reporting the news are mostly liberal and they got their jobs because they are liberal. I'm not sure this particular quote is something we need to hang on though. I think there are much better examples that blatantly expose the media as bias.  


Comment below. 

Today's Headlines -- Monday

• Debt and spending deal picks up momentum in Senate (AP)
• Insurers must cover birth control with no copays (AP)
• Norway PM to politicians: Think before you speak (AP)
• INFLUENCE GAME: Credit raters have lobbying clout (AP)
• Syrian troops attack Hama for 2nd day (AP)
• HSBC to cut 30,000 jobs in global overhaul (AP)
• NASA going green with solar-powered Jupiter probe (AP)
• Obama turns 50 amid debt debate (AP)
• FBI: 'Credible lead' surfaces in D.B. Cooper case (AP)
• Small-market teams turn buyers at trade deadline (AP)
• Lawmakers to vote on last-minute debt deal (Reuters)
• HSBC sheds 30,000 jobs, posts surprise profit rise (Reuters)
• Factory growth slows, casts shadow on economy (Reuters)
• Special Report: China's shortcut to Wall Street (Reuters)
• Debt deal offers only small blessings for economy (Reuters)
• Tanks shell Syria's Hama for second day, 4 killed (Reuters)
• NYSE-Deutsche Boerse to jump to top options spot (Reuters)
• Norway soul-searches on crime after rampage (Reuters)
• US debt deal faces Congress gauntlet (AFP)
• Defiant Assad praises troops after deadly Syria crackdown (AFP)