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sliding, diving, plunging. if there's a verb for moving down quickly, the markets did it. >> recession, double dip, it is a reality. >> it's like an economic merry go round. europe gets bad news on its financial situation. american investors get scared and sell off. the americans spook asian investors and they unload stocks. europeans get the jitters on stocks and push their own markets lower. and today like a dog chasing its tail, wall street wakes up to bad news. still there are real worries. budgets stretched beyond limbs, economies stagnating, housing weak, manufacturing slowing ...

really seeing this. what's really unusual about it is we often see staff take shots at each other. karen did that at the dnc, i did that at the rnc. for a candidate to do that and attach his name to it is a change. communications have changed. >> and twitter too, that's your way to get your message out now. he's just taking on christine o'donnell today. is this the wave of the future? are we going to see more politicians using social media to make a real impact? >> sure. in this instance this is a pretty classic tactic, if you're the guy who's behind, you can attack or find a way in ...

last two years, that means something because you are very smart about the choices you are making. it means we need to do something very different in that school. >> reporter: some of the schools would reopen with new themes or educational partners while others would merge into existing charters or transformation schools. >> the more opportunities the students have, the better it is for them. >> reporter: and it would close sending students elsewhere. dr. alonso says change is never easy but hopes to eliminate or transforming the worst of the city's schools to bring out the best knits...