Krugman downgrades S&P

In short, S&P is just making stuff up — and after the mortgage debacle, they really don’t have that right. http://krugman.blogs.nytimes.com/2011/08/05/sp-and-the-usa/

Mubarak Trial Begins in Egypt

"Egypt’s ousted president, Hosni Mubarak, was wheeled into a courtroom cage in a hospital bed on Wednesday" He is charged with the murder of hundreds of protestors.

President Assad, pay attention!

Stalemate in Senate Leaves 4,000 Out of Work at F.A.A. Plus tens of thousands construction jobs lost.

Just part of the Republican's focus on jobs, jobs, jobs. Also, U.S. losing over a billion in uncollected taxes. And all of Congress so concerned that they have gone on vacation until after Labor Day.