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and 13.9 million people are still out of work. we just can't seem to catch a break. don pack is features editor for "the atlantic" and wrote "can the middle class be saved?" don, what's the answer, can it? >> the middle class can be saved but we need to take a wide array of aggressive action to save it, i think. it's interesting the middle class itself has in many ways been downgraded in this recession. the housing bubble amassed a host of problems. the middle class has been slowly hallowing for years, wages in the middle class were stagnant throughout the odds. but the middle class ...

longer the elephant in the room, governor rick perry announces he's joining the republican party for president. >> he may be the republican front-runner but he was not feeling the love at the iowa state fair. he got heckled and laughed at over three words he said, words he may come to regret on this "american morning." -- captions by vitac -- www.vitac.com ing. >> oh, thank got it's friday. >> wait a minute. i've got to move my stuff. >> good morning. happy friday to you. it's august 12th. welcome to "american morning." up first, texas governor rick perry, the elephant in the room,...

horn of africa. the united nations says it has received half of the $2.5 billion it needs to tackle the crisis. china says it is slowing down its bullet trains and stopping new construction because of an accident that killed last month that killed at least 40 people. the accident was blamed on design flaws on equipment. and syrian troop -- efforts are growing to end the crackdown. under scored the urgency of the situation there. those are the top stories from cnn, the world news leader. "world business today" starts right now. good morning cnn london. >> and a very good friday ...

these folks weren't rioting like we have seen the past several days. they were there to clean up. now the problem is that the violence, looting and arson has spread to sever other british cities besides london. also a nationwide manhunt for two brothers and their older sister accused much opening fire on a florida police officer, then robbing a georgia bank. you're seeing the three siblings there and authorities do consider them armed and extremely dangerous. all right. wall street did a bit of a u-turn yesterday and thank goodness it did. we don't know exactly what it's going to...

talking about cuts and specifically what's handed to em because of the debt ceiling deal reached earlier this week. initially they know they have to cut 350 million which more or less they are okay with and won't necessarily sacrifice our national security, but where the big question mark comes is if that committee can not decide on how they will make those additional cuts to equal around or about $1.2 trillion, they will have to cut hundreds of billions, 500 billion, 600 billion, 700 billion just to defense, and to quote, i want to get this precise for you, the defense secretary sai...