[news] Stock market tanks; Obama ‘reformation’ is a false impression

The stock market has fallen today, with the Dow Jones falling more than 500 points. The employment outlook is bleak. ("The number of people claiming unemployment benefits new remained virtually flat at a high level last week, pointing to continued weakness in the U.S. labor market. New claims for unemployment insurance fell by just 1000 to a seasonally adjusted 400,000 in the week ended July 30, the Labor Department said Thursday. ") as the New York Times observed, the culprit was" intensifying the fears of investors about a slowdown global economic growth and concerns about the current debt crisis in Europe, which now focuses on Italy and Spain. "

When I asked the economist Douglas Holtz-Eakin's Action Forum of America on its assessment of our economic problems, spoke to investors returning to the Treasury (and out of the stock market) with the U.S. . Ceiling debt crisis resolved, the crisis of European debt growth and the realization that "Obama has a strategy for growth and employment." He says: "In short -. the absence of good news leads to a cumulative lack of confidence"

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[news] Stock market drops 513 points, OC reacts

The Dow Jones industrial average fell 513 points today amid renewed fears about a possible double-dip recession, the U.S. deficit and Europe continues to debt problems.

The S & P 500 fell 60 points to 1,200. The Nasdaq fell 137 points to 2,556.

It was the worst day for the market since October 2008 when the stock sank as the expansion of the mortgage problems triggered the banking crisis.

"The mood right now is bleak," said Mike Ryan, the New York-based chief investment strategist at UBS Wealth Management Americas Bloomberg. "The burden of proof is to improve the data showing that the economy is falling into a withdrawal."

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[news] Virginia Tech lockdown after report issues of man with pistol

Virginia Tech, the site of a 2007 shooting that left 33 dead, compared with a scare on Thursday as officials ordered a shutdown of the campus after three young men said they saw a man with what he believes is a concealed firearm by a cloth.

Alerts were issued. Classes were canceled. Students were urged to stay indoors. And for more than five hours, police from several law enforcement agencies scoured the campus, although the release of a sketch in their search for the gunman said.

No man was discovered. However, school officials and police were satisfied with the first big test of security measures of the university renewed.

"Each of our warning systems worked smoothly," said Larry Hincker, university spokesman.

That was not the case on April 16, 2007, when the university was criticized for waiting two hours after the first shots were fired to issue a campus-wide alert. Two students died in a dormitory just after 7 am, and a campus-wide alert was sent by e-mail shortly before 9:30. Less than half an hour later, 30 people were killed in an engineering building by the same gunman, Cho Seung-hui, who then committed suicide.

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