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Poway Economist Blames Market Dive on Poor Leadership

Alan Gin, a business professor at USD and Poway resident, says the Dow Jones' drop was prompted by Friday night's lowering of the U.S. credit rating by Standard & Poor's.

Hoa Quách, Poway Patch

Monday, August 8, 2011

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Kelly Cunningham, of the National University System Institute for Policy Research, added that investors were reacting to poor economic news, including an employment report Friday that he called "pathetic.'' He said the slight increase in the number of jobs was ``spun'' because far more positions need to be created to make a dent in unemployment.