The Wrong Worries  —  In case you had any doubts, Thursday's more than 500-point plunge in the Dow Jones industrial average and the drop in interest rates to near-record lows confirmed it: The economy isn't recovering, and Washington has been worrying about the wrong things.

U.S. Payrolls Rose in July; Jobless Rate at 9.1%  —  Employers added more jobs than forecast in July, the jobless rate fell and wages climbed, easing concern the U.S. economy is grinding to a halt.  Stock futures rallied and Treasuries fell.  —  Payrolls rose by 117,000 workers …

Behind a GOP Contender's Iowa Surge  —  MARION, Iowa—To understand why presidential candidate Michele Bachmann has surged in Iowa, watch when she is handed a baby.  On a recent stop here, she took off her bracelet, dangled it before the infant and cradled him while he teethed on the pearls.

Inside Obama's 50th-birthday party  —  Rapper Jay-Z, actor Tom Hanks and Secretary of State Hillary Clinton were among those who joined President Barack Obama's longtime friends to celebrate his 50th birthday with a barbecue bash at the White House.  —  After sending the White House press corps home early …

Reid announces deal to end FAA furloughs  —  The Senate will pass the House's bill to fund the Federal Aviation Administration through September to end the week-and-a-half-long partial shutdown of the agency, Senate Majority Leader Harry Reid (D-Nev.) announced Thursday.

$30 Million Pouring In to Influence Wisconsin Recall Elections  —  A voter in Glendale, Wis., casts a ballot in a Democratic primary on Thursday, July 12, 2011, as part of recall efforts against Republican state Sen. Alberta Darling.  Darling is one of six Republican state senators being targeted …

Here's The Problem With This Market Crash...  Well, it's deja vu all over again.  —  For anyone who followed the market crashes of 2000-2002 and 2007-2009—especially the crash of 2007-2009—the 512-point drop in the Dow feels awfully familiar.  —  And as those market crashes reminded us …

Disapproval Rate for Congress at Record 82% After Debt Talks  —  The debate over raising the debt ceiling, which brought the nation to the brink of default, has sent disapproval of Congress to its highest level on record and left most Americans saying that creating jobs should now take priority …

IRS: 235,000 millionaires  —  President Barack Obama and many Democrats are talking about raising taxes on the wealthy, and new data released this week by the Internal Revenue Service reveals new details about the number of Americans who fit that bill.  —  People and households earning $1 million …

Teachers union disavows internal memo endorsing deception of parents  —  American Federation of Teachers officials have disavowed an internal report after it was posted on the union's website following its annual conference, embedded on each of its 19 pages with the union's logo and signed by a union official.

What Caused The Deficit?  A Reply To Megan McArdle  —  One of the most effective Republican themes of the last two years has been blaming President Obama for the explosive growth in the budget deficit since 2009.  The accusation that “Obama's spending binge” has blown up the deficit …

Wall Street Rally Quickly Fizzles  —  Stocks opened higher on Wall Street on Friday after a stronger-than-expected labor report for July, but quickly gave up their gains as analysts warned of continuing pessimism about weak growth in the United States and worries about debt levels in the euro area.

About Virginia Postrel  —  Virginia Postrel writes about commerce and culture, innovation, economics and public policy.  Shes the author of “The Future and Its Enemies” and “The Substance of Style,” and is writing a book on glamour.  —  Postrel: Obama Glamour Can't Fix Charisma Deficit

John Kerry: Media Has “Responsibility” To “Not Give Equal Time” To Tea Party  —  Sen. John Kerry (D-MA) told MSNBC's “Morning Joe” on Friday that the media has the responsibility to not give equal time or credence to the Tea Party's views: SEN. JOHN KERRY: “And I have to tell you, I say this to you politely.

New York Attorney General Accuses Bank Of New York Mellon Of Fraud, Moves To Block Bank Of America's Mortgage Deal … Bank Of America , Foreclosures , Bank Of New York Mellon , Countrywide Financial , Eric Schneiderman , New York Attorney General , Mortgage-Backed Securities , Business News

House Panel Approves Resolution Calling on Turkey to Return Confiscated Christian Churches  —  (CNSNews.com) - The House Foreign Affairs Committee recently voted 43 to one in support of a resolution that calls upon the Republic of Turkey “to safeguard its Christian heritage …

Rick Perry Recommits To Religious Right At Saturday Prayer-Fest  —  The wait is over!  Rick Perry will host his much-buzzed about Christian prayer-fest “The Response” in Houston on Saturday, where participants will ask for divine help to overcome America's myriad problems.

Towering Wave of Alienation Threatens Both GOP, Dems in 2012  —  In the shadow of the bitterly fought agreement to raise the federal debt ceiling, the independent voters who usually hold the balance of power in American politics are expressing astronomical levels of discontent with President Obama …

July jobs report: Hiring picks up  —  NEW YORK (CNNMoney) — The job market strengthened in July, a welcome piece of good news that sharply contrasted other recent readings pointing toward an economic slowdown.  —  Employers added 117,000 jobs last month, well above the 46,000 jobs added in June …

Tzipi Livni Praises Obama for Pressuring Netanyahu, Suggests U.S. Should Keep Up the Heat  —  An interview with the leader of Israel's largest opposition party  —  Tzipi Livni, the leader of Israel's Kadima Party, the largest opposition party in the Knesset — and the largest party in the entire Knesset …

U.S. Posts Stronger Job Gains Amid Fear  —  As the United States economy continued to wobble, employers added 117,000 jobs in July, the Labor Department reported on Friday, a number that was above analysts' expectations.  —  The figure, far more than the 18,000 net new jobs originally reported in June …

Neb. mine find to challenge China's dominance of vital rare minerals  —  Elements coveted for high-tech uses  —  Elk Creek, Neb. (population 112), may not be so tiny much longer.  Reports suggest that the southeastern Nebraska hamlet may be sitting on the world's largest untapped deposit of …

The reason the markets are diving  —  (Scott Olson - GETTY IMAGES) Washington likes to talk about the economy in terms of things it can control.  Spending and deficits.  Stimulus.  Policy uncertainty.  —  But the Dow Jones isn't diving because spending has risen, deficits have grown or stimulus policy has changed.

Arctic ‘tipping point’ may not be reached  —  The team said they had found an indirect method to give a picture of the ice cover dating back 11,000 years  —  Scientists say current concerns over a tipping point in the disappearance of Arctic sea ice may be misplaced.

Dow Down 500: Should Obama Resign?  —  The worldwide market plunge since the signing of the U.S. debt agreement tells us one thing above all: Almost no one on the planet has confidence in the leadership of Barack Obama.  —  A CEO with such a disastrous first three years as our president …