Page 5 - Policy Errors News Today

well begin with the breaking news, all of us with money in the stock market, were just catching our breath and now this, another big selloff on wall street. all three major indices way down at the closing bell. the dow losing a hefty 419 points. its the fourth biggest slide for the dow in a month of big losses. the dow has plunged 1152 points so far this august. thats a drop 9.5%. and the month isnt even over yet. lets turn to cnns richard quest. hes following whats going on. a lot of ...

europeans and the americans might have to have more central bank intervention into the markets and also said that there have been policy decisions in europe and the united states that have been poor, and then on top of that, that was enough. that was already bad, brooke. then we got some economic reports right here in the united states. slowdown in housing, slowdown in manufacturing, and, you know, not a great report about new jobless claims. basically it all piled on. people ran out o...

>> lets not confuse principles with policies. joan was talking about how some of the policies of the 18th century didnt follow the principle of liberty for example. thats entirely true. there were all kinds of policy errors that we made, certainly the tolerance of slavery, all of those things are things that can and should be corrected. . but the principle of liberty, of limited government, those are principles that today when we look at them they appear to be very conservativconservative. but i...

For islam. thats not what theyre about, they intend if you read al qaeda doctrine, if you read the words of osama bin laden, they intend to reengineer islam. islam is the component they need in order to have a clash of civilizations between what they view as a radicalized islam and the west. however, to do that they have to break down all of the traditional structures of islam and radicalize those people. >> thats why they dont have qualms about such a high percentage of victims are muslims. som...

For islam. thats not what theyre about, they intend, if you read the words of osama bin ladin they intend to reengineer islam, islam is the component they need in order to have a clash of civilizations between a radicalized islam and the west. however, to do that, they have to break down all of the traditional structures of islam and radicalize those people. >> thats why they dont have any qualms about the fact that such a high percentage of their followers are muslims. >> the beautiful thing ab...

Points since the opening bell. as of now some 1r,400 points in the last month. not because of an earthquake or a plague or a war. not an act of god or the invisible hand. nothing we cant control. its washington and its brussels screwing up. todays market crisis is partly generated by a report from morgan stanley. the global economy is being put at risk by what they call a, quote, policy induced slowdown. that means policymakers are putting it at risk by making bad policies. which policies, preci...