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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. th...

do not feel like the unemployment situation is working well enough for them and their families and this coming together as we have a big deadline coming up for the super community to figure out how to get our debts and deficits in order. the rest of the world looking at us and worried how serious the u.s. is about political harmony. a lot of different fronts all moving at once. you add in europe and the sense of confidence, this lack of confidence around the world and that is what we are dealing with still this morning on a friday morning. kyra? >>. >> we are sitting back wondering w...

sales of existing homes dropped. and manufacturers had been expecting a modest increase. and inflation on consumer goods was up. add in collapsing consumer confidence 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 they shouldn't feel confident. >> getting us started tonight our chief business correspondent ali velshi takes us behind the numbers. >> john, wh...

Michael. the textbook advisory council meeting, which was about six months ago now, it was a meeting that was meant to decide what textbooks are put back into the classrooms from nowclassroom. what was supposed to ham is a group of creationists were trying to justify using creation supplemental materials in the classroom after that, par the louisiana science education act. now i went to the meeting, and we just said evolution is science, creationism is not science, it should not be in the classroom. we explained it to the board members, and they voted for science, and -- >> 8-4. in other words...

Creationism in public schools. we will meet the david that story. let me finish tonight with why i don't think we should ever let dominique strauss-kahn return to france. we start with palin and bachmann. david corn is an msnbc analyst and mother corn washington bureau chief, and shashana walsh is contributor to neek. you are the resident pal palin-tologist. why is she getting on the bus? >> i think along with the movie, the first major indicator she will go for it. she hinted all along but i think that this bus tour is really just a kick off to what will later be a full-fledged campaign. ...