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barbara starr is hearing tonight from her sources of preparations for perhaps a final last stand by the libyan dictator. barbara, when you talk about a last stand, what are your sources telling you? >> well, they say that there is some indications they believe an assessment, if you will, that kad could be preparing for a last stand that it possibly would of course be in tripoli, his last major strong hold where he has some capability. what they don't know is what would this last stand look like. they're looking at the notion it could be scud missile launches, it could be an all-out m...

"aftershock," which is now out in paperback. ali, what happened today? >> a lot of things happened here. we had a situation where it's not just fear we've been talking about. this was actual fact. we had -- we started this morning with -- 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. they didn't say we were there, they didn't say it's the base case, but they said we're dangerously close. also cited error...

from the summer break. president obama has actively been meeting with some to create a plan. the question is how specific will it be and will it help? white house officials tell us it's a work in progress, and will include tax cuts and infrastructure ideas that could create jobs, and measures that target unemployed, and struggling economic sectors. they say the president is working on a debt reduction proposal and will present the so-called super committee, and as you know it's the 12 lawmakers tasked with cutting trillions from the federal deficit. their plan is due at the end of no...

honest with ourselves is that we have a political culture that doesn't seem willing to make the tough choices to move america forward. we have a willingness to play partisan games and engage in brinkmanship, that not only costs us in terms of the economy now but also is going to place a burden on future generations. and the question is, can we break out of that pattern? can we break out of that pattern? think about it. we just went through this debacle with the debt ceiling, an entirely self inflicted wound. it wasn't something that was necessary. we had put forward a plan that would...

shopping sprees, but are still out there spending and that's good. the dow fell to the lowest level in 30 years, but we are not seeing the wild swings we saw all week. the dow closed down 600 on monday and up 400 on tuesday and down 500 points on wednesday and up 400 yesterday, and it was the first time in the dow's history we have seen closing numbers like this. drew? >> you could probably measure the heartbeat of traders the same way, up and down. tell us what happened in europe? they are trying to prevent the wild up and down swings. >> what they are doing is they are putting a te...