S.&P. Downgrades U.S. Long-Term Debt “from AAA to AA+, with a negative outlook.”

S.&P. Downgrades U.S. Long-Term Debt – NYTimes.com.

U.S. Posts Stronger Job Gains Amid Fear – “The unemployment rate slipped a notch to 9.1 percent, but that was mainly because some people had simply given up looking for work.”

U.S. Posts Stronger Job Gains Amid Fear – NYTimes.com.

August Jobs Report Shows Scant 117,000 Jobs Added in July – Unemployment Remains Above 9%

Recession Worries Ease: July Unemployment Falls, 117,000 Jobs Added – ABC News.

Markets Plummet on Global Economic Fears

Markets plummet on global economic fears – The Washington Post.

Krugman: The Wrong Worries – “…when employment falls as much as it did from 2007 to 2009, you need a lot of job growth to make up the lost ground. And that just hasn’t happened.”

The Wrong Worries – NYTimes.com.

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