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Excerpt from Piers Morgan Tonight -- Roubini says "the probability of a double dip recession right now is at least 50 percent."  Additional coverage appeared on a CNN blog and Reuters.

Excerpt from Slate -- "How does the stock-price plunge affect corporations? Stocks have lost $8.1 trillion worldwide since July 24, representing 14.8 percent of global market capitalization. Investors are clearly taking a major hit, since they own the stocks. But does a drop in share price matter to the individual corporations in question?"

Excerpt from CBC -- "Economist and author Daniel Altman says there is a fairly simple explanation for America's complicated debt crisis: narcissism. He addresses the problem in his latest book, 'Outrageous Fortunes: Twelve Surprising Trends That Will Reshape the Global Economy.'"

Excerpt from Marketplace -- "Bernard Donefer is associate director of the Subotnick Financial Services Center, part of Baruch College and City University of New York. He says, 'Over the last couple of trading days, we have seen trading volumes in the 10 billion trade and up range, which is just phenomenal.'" Additional coverage appeared on NYConvergence.

Excerpt from FXStreet.com -- "According to NYU professor Nouriel Roubini, the ECB should lower rates to zero and make large purchases of government bonds." Additional coverage appeared on aiCIO and Business Spectator.

Excerpt from a TIME blog -- "As I've said before, the quickest route to job creation is to revive the small and medium-sized banks that lend to small businesses, along with the homeowners paralyzed by mortgage debt. To do this, Nouriel Roubini says we need an orderly debt restructuring."

Excerpt from NPR -- "But the business started to change in the late 1960s. Instead of charging investors, the rating agencies started to take money from the issuers of the bonds. White blames the shift on the invention of 'the high-speed photocopy machine.'"  Additional coverage appeared on KOSU.org.

Excerpt from Risk Magazine -- "Brown and his research team analysed the impact of diversification on the performance of 3,767 FoHFs that reported monthly returns and the number of their underlying fund holdings to the BarclayHedge database between January 2000 and March 2010."  Additional coverage appeared in Investment Weekly News.

Excerpt from Windsor Patch -- "I recently had the opportunity to speak with Noble Laureate economist Michael Spence, who said global growth is going to come from the tradable sector of the economy."

Excerpt from GoodReturns.in -- "Aswath Damodaran, Professor of Finance at the Stern School of Business at New York University, was more merciful as he explained the rating agencies as following wrote on his blog, 'Ratings agencies have more in common with politicians than you may realize: specifically, they are more likely to be followers than leaders.'"

Excerpt from Australian Broadcasting Corporation -- "It's clear that the markets didn't have a chance to react on Friday to this news from Standard and Poor's, so there is some mechanical trading as a result of what happens with the downgrade," [Daniel Altman] said.

Excerpt from Targeted News Service -- "The Charles Coolidge Parlin Marketing Research Award was established in 1945 by the Philadelphia Chapter of the AMA and The Wharton School in association with the Curtis Publishing Company to honor distinguished academics and practitioners who have demonstrated outstanding leadership and sustained impact on the evolving profession of marketing research over an extended period."

Excerpt from a Reuters blog -- "Economists from Irving Fisher to Henry Kaufman have noted that without credit expansion, the US economy cannot grow."

Excerpt from Bloomberg -- "The U.S. economy is heading into a 'double-dip' recession, Nouriel Roubini, the co-founder and chairman of New York-based Roubini Global Economics LLC, said in an interview on Bloomberg Television. The European Central Bank can’t keep buying Italian and Spanish bonds for too long, he said. Advanced economies, including Japan and the U.K., are in trouble, Roubini said."

Excerpt from The Wall Street Journal -- "Ratings became more important in the 1930s when banking regulators decided banks couldn't invest in securities deemed "speculative" by ratings firms. Those restrictions were expanded to include insurers, pension funds and securities firms, according to Lawrence White, a New York University economics professor."  Additional coverage appeared in Zee News.

Excerpt from Reuters -- "NYU Economics Professor Lawrence White disagrees with Moody's and Fitch's decisions to maintain a triple-A rating for U.S. debt."  Additional coverage appeared in Fortune, CNNMoney and KNX CBS Radio, Los Angeles.

Excerpt from Reuters -- "There is a risk of a potential negative dynamic setting in that could raise the risks for the recovery going ahead," said Anthony Karydakis."  Additional coverage appeared in Baltimore Sun, RealClearMarkets.com, Yahoo! News, International Business Times, PublicBroadcasting.net, Daily Global Trends, WYDRTheDrive.com, Amerinews.tv, Smart Investor, Business Standard, Insing.com, Fidelity.co.uk, RocketNews.com and BNR.co.

Excerpt from Reuters Insider -- "NYU Economics Professor Lawrence White has long been critical of the ratings agencies and said the S&P was behind the curve in its credit downgrade of the United States." Additional coverage appeared on Xinhua News.

Excerpt from CNBC -- "The sky is not going to fall, the problem is not going to go away…The American people need to know that nothing is going to change without some pain for them. We're going to pay our debt but who is going to get screwed in the long run? The poor guy that's living on fixed income because inflation will take its toll."  Additional coverage appeared on Capital.gr and TheHill.com.

Excerpt from The Guardian -- "Pick up a copy of Co-opetition, a book written in the mid-90s by Adam Brandenburger and Barry Nalebuff, for more on the theory behind getting competitors to collaborate."

Excerpt from Charlie Rose -- "We need a growth policy in this country. We don`t have a growth policy, right? It means to have a growth policy for investing in human capital, in skills and making our workers more competitive, to have a health care that`s affordable, to have an energy policy so that we don`t depend on the rest of the world, in believing that actually having manufacturing makes a difference."

Excerpt from a Forbes.com blog -- "While global markets have collapsed in recent weeks, erasing more than $5.4 trillion in equity value around the world, market watchers have come out to call for a double-dip recession, with NYU economist Nouriel Roubini leading the charge."  Additional coverage appeared on a Forbes.com blog, GuruFocus.com, International Business Times, Korea Times, Dealbreaker.com, World Socialist Website, Motley Fool UK, The Daily Beast, The Independent and Business Insider.

Excerpt from Council on Foreign Relations -- "The U.S. downgrade and the expanding eurozone debt crisis make a second global economic recession all but inevitable, argues Roubini Global Economics Chairman Nouriel Roubini."  Additional coverage appeared on Bloomberg, Yahoo! News, GoldSeek.com, MySinchew.com, Financial Express, Reuters and Ghana Business News.

Excerpt from Project-Syndicate.org -- "The recent dramatic declines in equity markets worldwide are a response to the interaction of two factors: economic fundamentals and policy responses – or, rather, the lack of policy responses."  Additional coverage appeared on a CNN blog, The Globe and Mail, Philly.com, China Daily, The Daily News Egypt, The Independent and Council on Foreign Relations.

Excerpt from Voice of Russia -- "Lawrence White and Luis Cabral, NYU Professors of Economics, as well as Michael Pettis, non-resident senior associate at the Carnegie Asia Program, based in Beijing, about stock markets, which are tumbling worldwide."