Monday, August 8, 2011

August 8, 2011

FINANCE: Dow Falls 600 Points, Worst Since 2008 Due to S&P's downgrade on Friday, the stocks fell today.  All three major markets, Dow Jones Industrial Average, S&P 500 and NASDAQ experienced their worst drop since 2008.  Every sector and stock in the Dow Jones Industrial Average finished lower than Friday.  Read More: The Wall Street JournalThe Washington Post

WORLD: London Riots Spread For the third straight day, looting continues in England.  Youngsters set businesses and double decker buses on fire.  Read More: Reuters | The Washington Post

POLITICS: Wisconsin Faces Recall Election Tomorrow Eight lawmakers will face a recall election tomorrow started because of a push by Republicans to pass anti-union legislation.  After continuous protests by unions, the recall election will take place tomorrow which could shift the power of the parties in Wisconsin.  Read More: The Boston GlobeThe Christian Science Monitor

FINANCE: Gold Hits All-Time High As stocks fall, Gold prices hit an all-time high today.  Read More: Reuters

ELECTIONS: Bachmann, Romney and Ron Paul ahead of Rick Perry  As Rick Perry considers announcing his run for Presidency, three candidates are ahead according to a Rasmussen poll.  Read More: Chron.comThe New York Times

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