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Stocks Drop, but Bonds Soar

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The stock market today show sharp drops, following a downgrade by S&P from a stellar AAA to AA+, including all sectors in the S&P 500. On the other hand, investors are rushing into buying bonds rather than stock.

Second New York triathlon competitor dies

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A 40-year-old woman who suffered cardiac arrest while competing in a triathlon in the Hudson River died on Monday, the second death reported in the weekend event, a hospital spokesman said.
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"Girl Talk" performs at the Lollapalooza music festival in Grant Park in Chicago

Lollapalooza closes with muddy, rainy dance party

Mouse ears in the mud. It seemed a fitting end to the 20th anniversary of Lollapalooza, the three-day music festival that started under warm, sunny skies but ended on Sunday night in a rainy dance party.
U.S. Treasury Secretary Timothy Geithner makes opening remarks at the Women in Finance Symposium at the Treasury Department in Washington

Geithner to stay on as Treasury chief

Treasury Secretary Timothy Geithner, who had considered stepping down after the government borrowing limit was raised, confirmed on Sunday that he will remain at his post at President Barack Obama's request.
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Asia shares fall on U.S. woes, ECB hopes boost euro

Asian shares fell on Monday and the dollar languished near a record low against the Swiss franc, as investors took fright at a downgrade of the U.S. credit rating, while gold powered to another record just short of $1,690 an ounce.
A highway sign details the current drought.

More extreme weather in store across U.S.

More extreme weather was expected across the country on Sunday, as parts of the Midwest and Northeast faced possible flooding from slow-moving storms while blistering triple-digit temperatures were expected in coastal Southeastern states.
Lucille Ball of "I Love Lucy" Lookalike

"Lucy" look-alikes honor Lucille Ball's 100th birthday

More than 900 red-lipsticked, redheaded women -- and men -- gathered near a "Vitameatavegamin" sign in the hometown of "I Love Lucy" star Lucille Ball to mark her 100th birthday on Saturday with a world record for most Lucy look-alikes.
At Issue: The Afghanistan War

22 Navy SEALs Among the 31 U.S. Troops Killed in Afghan Helicopter Crash

Twenty-two Navy SEAL members were among 31 U.S. troops Killed on Saturday when Taliban insurgents shot down a Chinook helicopter over eastern Afghanistan. The nearly two dozen U.S. special forces who were killed were on a mission to rescue another team of military personnel pinned down by insurgents, a U.S. military official told CNN.
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Time to End America?s Two-Party System?

Confidence in the U.S. Congress is at a historic low, more than half of Americans think that the Republican and Democratic parties are doing such a bad job that a third party is needed, and the word ?dysfunction? has been common currency in the drawn-out debate over the national debt.
A man holds a U.S. flag while others pause for a moment of silence to pay their respects at the site of the former Twin Towers in New York

U.S. seriously probing News Corp 9/11 hacking report

Attorney General Eric Holder will reassure families of September 11 victims when he meets them later this month that the Justice Department is seriously investigating allegations that News Corp reporters tried to hack victims' phones.

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