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one assistant chief con stanl calls it unjustified acts of wanton krlt. nearly 800 people arrested for violence, disorder and looting. more than 100 officers have been hurt. the streets have been calmer, probably because there are twice as many police on the streets as there was a night before. amazon uk reports sales of lull num baseball bats are up 8,000% since the violence broke out. prime minister, david cameron meets with his crisis response committee, and he's called lawmakers from the summer holiday to address the problem. parliament meets tomorrow. >> these are sickening scen...

bank, their equivalent of ben bernanke gave a speech had morning and they said their economic growth is slowing, and traders took it as a note to say things are more serious than we thought. you combine that with the fact that the japanese central bank intervened to prop the yen up, and there's a fear that everybody is doing badly and nobody is there to pick up the slack. basically is that what is happening. money is coming out of the stocks. when you see that happening, it comes out of commodities or gold. people are taking their money out of the stock market and gold, and oil, and ...

can pass it in the next day or two and avert the first default on our national debt in history. >> i am worried about the size of defense cuts that may be contemplated, but that doesn't mean i'm therefore rejecting the agreement. i'm just worried. >> this is a head scratcher. stocks take a tumble after the debt relief rally that happened earlier this morning. the dow surged more than 120 points, but a weak manufacturing report, just sanction the market. stocks posting the worst weekly performance in more than a year in a debt stalemate last week. the dow is at 12:07. down 70 points. ...

increases are a job killer, particularly when you have over 9% unemployment. >> norm orn steen, that is disingenuous to say the least, that he realized they were a job killer, why he extended the bush era tax cuts. there's one reason only the president extended those bush era tax cuts and that's because he needed a deal to extend unemployment. this is the kind of misinformation campaign that is continuing on capitol hill. i sent out a tweet a couple of hours ago, i said, could anybody, anybody provide me with research, not opinion, but research that tax increases kill jobs. please se...

the most recent cnn o.r.c. polling says 51% of americans would hold republicans responsible if the debt ceiling is not raised. just 30% would find president obama more responsible. peter moresi joins us. i have to ask you this, you are an economist, you're a well-respected economist and we have spoken together for years. do you have any evidence of what so many conservatives are saying that if we were to increase taxes at all, at all at this point in an economic cycle, that it would actually hurt our economic recovery? >> well, increasing taxes wouldn't hurt anymore than, say, cuttin...