Daily Archives: August 5, 2011

S&P Downgrades U.S. Debt Rating

Source: http://www.marketwatch.com NEW YORK (MarketWatch) — Standard & Poor’s cut its ratings outlook on the U.S. to negative from stable on Monday, lighting a fire under Washington’s deficit-reduction debate and sending stock markets sharply lower. The rating agency effectively gave Washington a two-year deadline to enact meaningful change, just days after House Budget Committee Chairman […]

The New Physics of Gridlock in a Polarized Capital: Ezra Klein

Source: http://www.bloomberg.com Here’s the general theory of legislative failure: Political polarization leads to congressional gridlock, and congressional gridlock leads to legislative inaction. If Congress can’t get its act together, then the worst that happens is nothing gets done. But that standard version of political physics is wrong, or at least incomplete. Political polarization does lead […]

Jury reaches verdict in trial of 5 police officers charged in post-Katrina Danziger Bridge shootings w/ follow-up

Source: http://www.nola.com Verdicts in post-Katrina Danziger Bridge shooting case are imminent The jury in the high-stakes Danziger Bridge case has indicated to U.S. District Judge Kurt Engelhardt that it has reached a verdict. Lawyers for both sides have been directed to return to the courtroom. Stay with NOLA.com for the verdicts as they are read. […]