Page 8 - August 2011 News Today

I dont know why they did it in the first place in 1910, the overall effect of the height restrictions an ak -- architectural thing. rich people have the view. poor people have the view. it isnt something to trade on. d.c. height restrictions are permanent. more than a century. nobody was ever going to take away that view. two years ago, in august 2011, a rare east coast earthquake rattled the washington monument. so hard that they had to close it off from visitors ever since. the earthquake crac...

The possibility that the u.s. could be downgraded by one of these credit agencies. >> i think confidence has already eroded some. >> it has. >> and we have seen evidence from around the world, including a key credit agency fitch that issued a stern, stern warning. >> right. we got a taste of this in august 2011 we got close to the debt ceiling deadline then. s&p, standard & poors downgraded it from triple a to a double a plus. thats what fitch is basically saying get your act together. fitch sti...

People are spending less on cars, tv sets, appliances, theyre just not charging as much as they did on credit cards because theyre not feeling good about the economy. there are things that could possibly happen ahead. home sales could drop because real estate buyers and sellers would be afraid of quickly rising mortgage rates. it is possible that banks could severely slow down lending including to small businesses. thats not a good thing for the economy. keep in mind this could happen even if we...

Crisis is over and wall street responds with a rally. certainly at the opening bell. i dont know how it will close but at that opening bell, 23 minutes from now, stocks go up. martha: it may move around a bit as this deal works its way, if there is one throughout the course of the capitol hill today. stuart, thank you so much. we will see you later. >> thanks, martha. bill: right now apparently our credit rating is perfect with fitch. aaa is as perfect as any country can get in this world. that ...

Falling and the earth will erupt. >> reporter: more recently the u.s. teetered dangerously close to the debt ceiling deadline in august 2011, where a deal was struck in the 11th hour. the exact day when the u.s. government will run out of cash to cover its bills isnt certain but when the deadline hits revenue will continue to come in. lawmakers are negotiating a plan that includes a temporary fix to increase the debt ceiling though critics say what we really need isnt a band-aid fix, we need a p...

Dollar. the debt limit sits under $16.7 trillion. >> our systems were not designed to not pay bills. >> despite cries of chaos, some republicans say sounding the alarms is a bit sensational. >> id rather have a managed catastrophe now. >> i think this is the 11th time ive been through this discussion about the sky is falling and the earth will erupt. >> more recently the u.s. teetered dangerously close to the deadline in august, 2011 where a deal was struck in the 11th hour. >> well, alison kosi...

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Also the s&p 500, dropped 23%. thats amazing. you put all of that together -- by the way, the urban institute told us, during the recession itself, the greatest since the great depression, the markets lost $1.7 trillion. were already recovering from that and go into the august 2011 debate about the debt ceiling and fast forward and look to today, its not going to be pretty by the way, it doesnt matter if its 20%, 10%, 2%, the politicians are screwing with our retirement and its not okay. >> jona...

President is risking default by not having a conversation with us. >> were not going to negotiate under the threat of economic they talk about what the government is cutting in this shutdown. guess how much it is running in catastrophe that economists and this shutdown? ceos increasingly warn would result if congress chose to byron doing some digging and default on americas apparently a lot more than we think is still up and running. obligations. >> neil: when you use words like >> sure is. de...

This to me was the launch, august, 2011, film at a fundraiser in massachusetts. this video went viral. lets play a clip of that for a minute. >> there is nobody in this country who got rich on his own, nobody. you balt factory out there. good for you. but i want to be clear, you moved your gods to market on the roads the rest of us paid for. you hired workers, the rest of us paid to educate. you built a factory and it turned in something terrific or a great idea, god bless. cope a big hunk of it...