Summary: As Washington dithers over raising the nation’s debt ceiling, investor confidence is flowing away, with bond rating agencies and investors losing confidence that debt issued by a dysfunctional government is a risk-free bet that deserves a top-notch credit rating. … One-year retrospective: One year ago today, on July 26, 2010, Aubrey Immelman reported that a six-year archive of classified military documents released on the Internet by WikiLeaks offered an unvarnished picture of the war in Afghanistan that is in many respects more grim than the official portrayal of the war.

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Summary: On the 39th day after losing his 2008 primary challenge against U.S. Rep. Michele Bachmann in Minnesota’s 6th Congressional District, Aubrey Immelman reported that Pakistan was scrambling for foreign aid to ward off a possible economic meltdown while trying to contain sharply escalating violence by Islamic fundamentalists. He also highlighted looming economic problems, citing a Washington Post report that the U.S. federal deficit was soaring toward the $1 trillion mark by the end of 2008, “creating the deepest well of red ink since the end of World War II.”

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