Gates of Vienna News Feed 8/19/2011

The American stock market tumbled again today, with the Dow falling 435 points and the Nasdaq losing almost 5%. European stock markets were also hit hard; although the losses were not as great as in the USA, they experienced their largest drop since 2009.

Meanwhile, even though unemployment remains high in the United States, the federal regulatory industry is booming. The regulators’ budget has risen by 16% since Barack Obama became president.

In other news, a Pakistani immigrant named Mohammad Younis pleaded guilty yesterday to providing $7,000 from his business to the would-be Times Square bomber. Note: this case has a Mohammed Coefficient of 100%.

To see the headlines and the articles, open the full news post.

Thanks to C. Cantoni, Caroline Glick, ESW, Gaia, Insubria, JP, KGS, Kitman, McR, Nilk, sgt.red.blue.red, Steen, Vlad Tepes, and all the other tipsters who sent these in.

Commenters are advised to leave their comments at this post (rather than with the news articles) so that they are more easily accessible.

Caveat: Articles in the news feed are posted “as is”. Gates of Vienna cannot vouch for the authenticity or accuracy of the contents of any individual item posted here. We check each entry to make sure it is relatively interesting, not patently offensive, and at least superficially plausible. The link to the original is included with each item’s title. Further research and verification are left to the reader.