downgrade of the credit ratings of six countries including france and germany. all the while, markets continue to be affected by euro zone fears. for more on this, i am joined by the chief economist. good afternoon, diane. there is widespread anger in europe at this timing and spread from standard and poor s and it puts pressure on the eu summit on friday. do you think this added to fears that the single european currency could be in jeopardy? i think standard and poor s, i don t understand all of their positioning with the politics of this. i don t know that they were such good strategists, but beyond that it s facetious on my part. i am not pleased with what they have done. it s important and critical to say that the euro zone and the cost of dismantling is greater than the cost of saving it. we have a vested interested in
markets are up because of things happening around the world and action happening. that is a good thing. let s turn to los angeles where police have cleared out and shut down the camp set up by occupy protesters. they ve arrested dozens of people who still refuse to leave. about 1400 los angeles police officers moved in after midnight. the camp had been there a couple of months. 200 people arrested. police say the operation was mostly peaceful. another alleged victim speaks out about the child sex abuse allegations at syracuse university. mike lang is his name. s a former syracuse ball boy and he told cnn that the assistant coach, bernie fine, molested him. fine has denied the allegations but yet he has not been charged with any crime. he kept touching me. where? where did he touch you? in my leg and my penis. did you say something to him? yes. i said, bernie, please stop this because i m not that kind. i won t tolerate it. if you don t want me to come over he
stock index climbed 4.3%. the nasdaq up 4.2, all after the federal reserve and a handful of other central banks announced they d make it easier for global financial institutions to borrow dollars, which are in high demand as investors are get more skittish about the oar re. cnn s richard quest is among the market watch who see it as a pain reliever than a lasting cure. richard quest, central banks around the world make clear they re ready to help, markets love it, all around the world, including best day on wall street, up more than 4%. investors are ask are we finally on a sustainable path to growth or is this another stop on the roller coaster? oh, absolutely, no hesitati n hesitation, it s a stop on the roller coaster. one day s actions by the central bank of the fed and five others does not a recovery or end of the crisis make. what happened here was the central banks got together and recognized that some banks are having difficulties getting hold of dollars, if they
average over the last 20 years of 149 public laws for the first full term. also on the list, this congress nearly allowed the federal government to shut down this past spring. don t forget, standard and poor s said congress was part of the reason they downgraded the credit rating for the first time ever. what does your gut tell you? is this the worst congress ever? go to news nation to cast your vote as the clock ticks on the super committee. take a look at what they said about friday. should police reopen the investigation into the death of actress natalie wood? 63% said yes and 37% said no. that does it for this edition of news nation. i m tamron hall and thank you very much for joining us. you can catch us every weekday at 2:00 p.m. on msnbc. we will check out your tweets. martin bashir is up next.
department and don t take effect and gives congress men a year to come up with the fix. that s part of the problem. the fact is that you say 67% in the latest polling say they want tax increases and presumably the republicans are persuaded by grover norquist and they stick with him. benefiting for low expectations and the low esteem that the public holds congress and the institutions in. nobody expects them to get anything done at this point and where as over the summer when we had the back and forth and standard and poor s was not downgrading the credit rating, they say on wall street is baked in. confidence and the impact conversely or perversely may benefit from the low expectations if there is no deal by wednesday. at the white house and luke