t that probably would t have been a toss-up. >> how desperate swrou to be to go to that -- >> oh, man. >> didn't work. >> on many levels. >> that's a crappy situation. all right. this guy, speaking of other smart guy, in panneinellas coun florida they had a graffiti problem. they finally caught up with a guy. it's not some punk teenager, it is 71-year-old charles wesley, and apparently, sla stands for sane liberated americans, a political party that this guy is its only member. he believes the party will take over the country, once our economy completely collapse, and he got busted after witnesses saw hill tagging a pole sunday, look booked on criminal miss chief and held on 5 thousand bail. 71-year-old and you're the most notorious graffiti artist. >> from one to another. we go to florida a 90-year-old navy veteran is theldest graduate from florida atlantic university at 90 years old. it's a wonderful story. he always wanted to go back and get his masters. he was born in 1921 in north africa and joined the north african navy fighting against the nazi, later joined the french navy andsraeli navy. a true hero. >> and getting his degree the biggest accomplishment of his life. in a pretty accomplished life already. >> live it every day. >> 90 years ole. there's still a lot to look forward to. >> here's something to look forward to i pair of flip-flops that will cost y y 18 thousand. that's because on the bottom of those flip flops is work by taped l.a. artist. vid palmer. >>> this morning on "world news news now." stunning sell-off. the dow jones industrial drops more than 500 points as the investors focus on bleak realities. and yesterday's plunge, erased all gains made the previous day, an encouraging upswing. it is thursday, august 11th. >> announcer: from abc news, this is "world news now." >> good thursday morning, everybody, i'm rob nelson. >> i'm tanya rivero. when the asian markets opened. on the foreign exchanges and ued you'll see why the economic worries may continue as a congressional super committee starts addressing the debt crisis. >> some already calling it a super failure, polarizing people on opposite sides on that commit "y" >> absolutely. it'sard to get anything done. this committee probably won't get it done. >> messy, messy, messy. also ahead the dramatic show of force in london and other city streets this morning, while investigators look over the deaths of several violent nights. >> it's a fascinating case, and we'll get a debrief from simon mcgregor-wood later. later this half hour, a father and son drove their old car coast-to-coast using vegetable oil that restaurants throw out. you'll see why it's our favorite story of the day. >> a unique bonding experience. and environmentally sound bonding experience. >> indeed, indeed. >> very cool. >> but before all of that. asian stock markets mostly fell this morning as investors worry about the health of europe's banks and a weakening dploebal economy. >> japan's stocks dropped yesterday wiping out the gains d it was a similar scene after the dow drop more than 500 points. >> our coverage now begin wasas abc's scott goldberg, good morning to you, scott. >> reporter: good morning. the stock market will greet the day in pretty rough shape. liking wounds by another terrible foul and surrounded by stores that won't go away. >> reporter: for the third straight day it moved more than 400 points and this time went back down, way down, 519 points, almost 5%. the dow hasn't had a three-day run like this since november 2008 during the economic crisis. >> it's not a full-blown panic yet but it could get there. >> reporter: this time, it was europe's fault, or at least concerns from europe with wires that france could use its aaa credit rating like the u.s. did. >> this is how skiddish and temperamental the market is. it reacts not only to factual aspects of what's going on, but also rumors. >> reporter: the unfortunate truth back home is contributing. as the fed reserve announced its plans to keep the interest rate low for two year. the economic recovery is going slower than expected. it cost losses of $2.3 trillion alone. >> i'm hoping it will come back like we always have before, but thins are getting very precarious. >> reporter: i'm too scared to look at it. it's a grim time. >> reporter: so grim, president obama met with fed chairman ben bernanke fort tire them. they talked about the economic recovery, the need to reduce the deficit an the situation in europe. the white house did not say if they came up with any solutions. rob and tanya. >> no one can seem to come up with any solutions about all of this. >> no, of course this is our facebook question of the day, how has the recent stock market fluctuations affected you, please weigh in and let us know. >> a lot of different theories and thoughts what people are going do with their money, their 401(k), kid's college fund, let us know. shifting gears a little bit. a new washington post poll finds nearly three quarters of americans have little or no confidence in washington to prepare the economy. however, 12 law makers being held the task of slashing more than a trillion dollars in government spending. abc's jonathan karl has more. >> reporter: it's called the super committee for good reason. few have ever had such power and a crucial assignment. fix the budget mess and slash the deficit by $1.5 trillion. the committee can propose anything from spending cuts to tax hikes and the plan is guaranteed fast track vote in congress. but it looks like this super committee is destined for super failure. just look at who congressional leaders have put on the committee so far. the democratic co-chair is patty murray. this was her message to republicans in june. >> we're here to tell them it is time to take the benefits of seniors that they rely on off the table. >> reporter: murray is chair woman of the senatorial campaign committee, her job is defeating republicans not compromising with them. as for the republican, all six have signed a pledge promising to oppose any new tax revenue. the key to any deal with democrats. senator pat toomey told us he didn't even think the debt ceiling needed to be raised. >> everybody know, including the administration, if we don't raise the debt ceiling we're not going to default op our debt. >> reporter: three committee members have already served on a debt commission that came up with a plan, but they all voted against it. most revealing is who's not on the committee. remember the so-called gang of six senators who spent most of the past year crafting a bipartisan plan to reduce the deficit? they were all stiffed. there are still three members of the super committee to be named and looping all over all of this. what happen if they deadlock. deep, across the board spending cuts on everything, including medicare and national defense. jonathan karl, abc news, washington. >>> we've learned within days of the attack on a helicopter that killed 30 u.s. troops in afghanistan, special forces took out the men responsible. an all-out manhunt took place. special forces followed them for 12 hours to a remote compound and called in f-16 which fired and killed them. >> quick response to say the least. british prime minister david cameron addresses the rioting and unrest with law makers. >> thousand of police have been on patrol trying to keep the peace. abc's simon mcgregor-wood has an update from london. good morning, simon. >> reporter: good morning to you both. the extra police presence you referred to, 16,000 men and women on timilar levels of policing in all of the big cities seems to have worked. huge sense of relief to the people in uk waking up this morning, no repeats of the violence we've seen in the previous four nights. tensions certainly, including in the city of birmingham, where early yesterday morning, three young asian men, muslims, were run down and killed by a car, extreme tensions in that city, there's been a candlelight vigil outside of their house overnight. police are very concerned to try to calm those tensions. sewhere, the clear-up has cocoinued, led by the public services, but also this reaction of people in the communities themselves, coming out on to the streets with the brooms, trying to clear things up. another interesting phphomenon is the operation of the courts overnight. hundreds of these young rioters have been pushed through the system. members of the public and police asking for tough sentencing, as you say later in london, extraordinary session in the house of commons to de