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Week In The News: Europe In Crisis, Syrians Revolt, Obama Hits The Road45:59
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Markets dive again, Europe wobbles, Rick Perry makes his debut. Our news roundtable goes behind the headlines.

Republican presidential candidate, Texas Gov. Rick Perry speaks at the Iowa State Fair in Des Moines, Iowa, Monday, Aug. 15, 2011. (AP)
Republican presidential candidate, Texas Gov. Rick Perry speaks at the Iowa State Fair in Des Moines, Iowa, Monday, Aug. 15, 2011. (AP)

Just when you thought it was safe to go back in the markets, stocks pounded down again this week. Big, scary drops in New York, in Europe, in Asia.

Fears that Europe may yet unravel. That more recession looms. That we haven’t yet touched bottom.

On the campaign trail, an Iowa win for Michele Bachmann, and sharp spurs on Texas governor Rick Perry. He tagged the “treason” word on Fed chair Ben Bernanke. Incredible. We’ve got condemnation of Syria, Libyan rebels near Tripoli, and a big stage down in Indiana.

This hour On Point: our weekly news roundtable goes behind the headlines.
-Tom Ashbrook

Guests

Karen Tumulty, national political correspondent for the Washington Post.

Chrystia Freeland, editor, Thomson Reuters Digital.

Jack Beatty, On Point news analyst.

From Tom's Reading List

The New York Times "ATKINSON, Ill. — When President Obama called on Alex McAvoy, a sandy-haired boy who had just turned 11, he may have figured he would get a break from the drumbeat of questions about lost jobs, collapsed housing prices and threats to Social Security that flowed through his town-hall-style meeting on Wednesday at a seed-corn warehouse here."

Slate "As we inch closer to September, there is growing speculation that at least one more Republican is going to jump into the presidential race: Paul Ryan."

The New York Times "Stocks on Wall Street declined steeply on Thursday, following the trend set in Asia and Europe, amid heightened concerns over the impact ofthe euro zone debt crisis sweeping through the financial sector and over the wavering United States economy."

ESPN "Georgetown's tour through China turned ugly Thursday when a game between the Hoyas and the Bayi Rockets, a Chinese professional team, ended in a bench-clearing brawl."

More

Check out this brawl between basketball teams from China and Georgetown
http://youtu.be/bk4922fJgQc

"You people out of China might think this photo is too ordinary and can't see much out of it, but for Chinese it's shocking" - Chinese blogger.

ZHAOHUI TANG (AP)
ZHAOHUI TANG (AP)

CNN "An image of the new United States ambassador to China trying to buy a coffee at an airport in Seattle has caused a stir in his adopted country. Former U.S. Commerce Secretary Gary Locke was snapped by a passing Chinese traveler on August 12 at a Starbucks coffee shop without any security and carrying his own backpack as he waited with his family."

This program aired on August 19, 2011.

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