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steven moore and robert reich, labor secretary during the clinton administration. currently he s a professor of public policy at the university of california at berkeley and author of aftershock, the next economy in america s future now out in paper back. ali, what happened today? reporter: we had a situation where it s not just fear we were talking about. this was actual fact. we started this morning with slow bad markets out of europe. then before the markets opened we got this report from morgan stanley which talked about slow growth around the world, telling us things we already knew. but they said we re on the precipice of a recession. they also cited errors in policy making here in the united states and in europe, and they said it s likely that european central bank and the fed would have to get further involved in this economy. now, you know all week we ve been talking about rick perry saying it would be treasonous for the fed to get involved. while his comme ....
another recession. and adds new urgency to the political debate here in washington over new jobs initiatives. the dow jones industrial average was down just short of 420 points or 3.7%. the nasdaq down 5.2%. the s & p 500 down 4.5%. it is what drove the markets down that is again stoking recession fears. overseas more jitters as europe struggles to contain its debt crisis. here at home, data some see as evidence of a new downturn. weekly unemployment claims rose much more than expected. sales of existing homes dropped by 3.5% in july. analysts had been expecting a modest increase. the key manufacturing index was way down. and inflation on consumer goods was up. add in collapsening consumer confident and you get sober advice like this. 2012 could be a very difficult year. i m on the camp that we have more chance of being in recession than avoiding it. so they should be conservative right now. their confidence should be down. because there s every reason out there that ....
pop star david cassidy claims he was ripped off over a pop idol image. but first, a pizza delivery man robs a bank with a bomb around his neck. these suckers say you got 55 minutes, man. what are you going to do? and that s just the beginning of one of the most bizarre crimes ever. cnn s drew griffin unravels the twisted tale of the man known as the pizza bomber. 911. what is your emergency? yes. we ve just been robbed. was anyone hurt? no. he just walked out the door. august 28, 2003, erie, pennsylvania. within minutes of robbing a bank brian wells is surrounded by police, cross legged on the ground and handcuffed. he told police he was a pizza delivery man and he delivered a pizza. the group he delivered it to captured him, he told police, put this bomb on his neck, and told him to rob a bank. can kaul my boss? yes. he asked police to call his boss. then to save his life. why is it nobody is trying to help? 25 minutes ticked by. then the devi ....
first a pizza delivery man robs a bank with a bomb around his neck. these suckers say you have 55 minutes, man, what are you going to do? that s just the beginning of one of the most bizarre crimes ever. drew griffin unwraps the pizza bomber. 911 emergency. we ve just been robbed. is anyone hurt? no. he walked out the door. august 28th, 2003. erie, pennsylvania. within minutes of robbing a bank, brian wells is surrounded by police. cross legged on the ground and handcuffed. he told police, he was a pizza delivery man and he delivered a pizza. the group he delivered it to captured him, he told police. put this bomb on his neck and told him to rob a bank. he asks police to call his boss. then to save his life. 25 minutes ticked by. then the device begins to beep. in an instant, the bank robber is dead. the death of brian wells in this parking lot that day turned out to be only the beginning of the most elaborate, intricate, and some say still unsolved bank r ....
what it takes to become one of the coast guard s elite rescue swimmers. here we go. canal larsen takes you inside a rescue mission. hollywood hustle. you say you ve been robbed for the last few decades. what would you call it? pop star david cassidy claims he was ripped off over his pop idol image. but first, a pizza delivery man robs a bank with a bomb around his neck. these suckers say you got 55 minutes, man. what are you going to do? and that s just the beginning of one of the most bizarre crimes ever. cnn s drew griffin unravels the twisted tale of the man known as the pizza bomber. 911. what is your emergency? yes. we ve just been robbed. was anyone hurt? no. he just walked out the door. august 28, 2003, erie, pennsylvania. within minutes of robbing a bank, brian wells is surrounded by police, cross legged on the ground and handcuffed. he told police he was a pizza delivery man and he delivered a pizza. the group he delivered it to captured h ....