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Stocks Tumble Worldwide on Debt Fears

Wall Street endured a dizzying plunge Thursday, sending the Dow Jones industrials to a loss of nearly 1,000 points in less than half an hour. A computerized selloff possibly caused by a trader's mistake may have been responsible for the late-session plunge, and the Dow recovered two-thirds of the loss before the closing bell.  But the jitters over Europe remained and the selling spread to Asia on Friday. Markets in Japan, South Korea and China all posted steep losses, with Tokyo's benchmark Nikkei 225 stock average closing down 3.1 percent.

Unemplotment Up to 9.9%

British election ends in hung parliment

Athens or Washington, It's the Size of Government

This is more than a financial crisis. This is a national meltdown. And while facile comparisons to the U.S. must be avoided, there are nonetheless lessons for us --particularly in light of the direction the Democratic Party wants to travel.

Not-Dead-Yet Newsweek Asks a Good Question: Where’s the Coverage Of the Nashville Flood?

As you may have heard, torrential downpours in the southeast flooded the Tennessee capital of Nashville over the weekend, lifting the Cumberland River 13 feet above flood stage, causing an estimated $1 billion in damage, and killing more than 30 people. It could wind up being one of the most expensive natural disasters in U.S. history.  Or, on second thought, maybe you didn’t hear. With two other “disasters” dominating the headlines—the Times Square bombing attempt and the Gulf oil spill—the national media seems to largely to have ignored the plight of Music City since the flood waters began inundating its streets on Sunday.

Students Wearing American Flag Shirts Sent Home on Cinco de Mayo...

Rep. Andre Carson: Tea Party Protesters Are ‘One of the Largest Threats to our Internal Security’

KERRY PICKET (Wash. Times): Do you think the people outside are generally dangerous or no?

REP. CARSON: Oh absolutely. I worked in homeland security. I’m from intelligence, and I’ll tell you, one of the largest threats to our internal security…I mean terrorism has an Islamic face, but it really comes from racial supremacist groups. (inaudible) Its the kind of thing we keep a threat assessment on record [for].
PICKET: From groups like this?
REP. CARSON: Oh absolutely.

Holy Dow!!!

At the height of the panic, one trader, on the condition of anonymity, said he heard fixed-income desks in Europe shut down early because there was no liquidity — basically European banks are halting lending right now.  "This is similar to what took place pre-Lehman Brothers," the trader said.

Stocks slide worldwide over DEBT

“We are in an era where governments are no longer considered risk free,” said Gary Jenkins, head of credit strategy at London-based broker Evolution Securities Ltd. “The capital markets could soon be in the midst of the largest financial crisis of the last 100 years.”

Israel says Hezbollah missile buildup accelerating

Stocks, Euro Slide on Government Debt Concern; Commodities Sink

SCENARIOS-Can Greece cut its deficit by 11 points by 2014?

Greek State Workers Escalate Protests at Budget Cuts

Greek government workers shut down schools and hospitals and disrupted flights as demonstrators occupied the Acropolis in an escalation of protests against 30 billion euros ($40 billion) of additional wage cuts and tax increases unveiled this week.

Federal Government Outpaces Private Sector in Job Creation

Franklin TN Flooding, Emergency...Curfew...

Mayor John Schroer has issued a State of Emergency for the City of Franklin. A curfew has also been issued from Dusk until Dawn 6:00 p.m. to 6:00 a.m. The City's drinking water is adequate and of good quality. Please limit your wastewater usage as much as possible. The Red Cross has set up shelter at The Peoples Church located at 96E and Mack Hatcher. If you need emergency help call 911. Go here for a current list of road closures. See the news section for more details. For non-emergencies call 794-2513.