In his latest statement before the U.S. House of Representatives, Representative Ron Paul of Texas poses the question, "Why Are Americans So Angry?". In this essay, Paul attempts to pinpoint what's behind the widespread anger and frustration in our society, while offering his view of the problems we must face up to in order to turn things around.
S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .