Five people died when the school building was torn open by the twister in the southern Alabama town of Enterprise, state Emergency Management Agency spokeswoman Yasmie Richardson said.The agency had said earlier that 17 people had died in the town, but later lowered the statewide toll to seven, blaming initial miscommunication among officials."Enterprise has suffered major and widespread damage," said Gov. Bob Riley, who declared a state of emergency and sent 100 National Guard troops to the town.Riley said rescue workers were still moving debris to search for survivors as night fell....
http://news.yahoo.com
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Editor - 22:41:00 03-01-07
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 Fears of recession spark further turmoil in markets |
Fresh anxiety erupted about the health of the world's major economies yesterday after investors in stock markets across Asia, Europe and the United States once again staged significant retreats two days after Tuesday's unexpected global equity sell-off. In New York, the Dow Jones Industrial Average plunged more than 200 points in the first minutes of trading, seeding fears of a repeat of Tuesday's massacre that saw a 416-point collapse on the index.With slowdowns emerging, notably in the housing market and car manufacturing in the United States, signs are building that it economy may be at a pivot point, with some observers worrying about decelerating expansion and possibly a recession looming....
http://news.independent.co.uk/business/news/article2318740.ece
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Editor - 22:31:00 03-01-07
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| Panetta dismayed by party's war debate |
A senior Democratic adviser said yesterday he is disappointed and dismayed by the efforts of House and Senate Democrats to change administration policies in Iraq, predicting they would lead to further division and stalemate in Congress on the war. "If you stand back, the whole debate has been pretty frustrating. The bigger problem is that [Democratic leaders'] proposals are not going anywhere, such as some revised authority for the war," said Leon Panetta, a key Democratic member of the Iraq Study Group whose proposals to stabilize Iraq were largely dismissed by President Bush. "But those efforts are doomed. Either they are going to be blocked in Congress or vetoed by the president, or both. The end result is that it will make us more divided and impotent on war policy," President Clinton's former White House chief of staff said in an interview with The Washington Times....
http://www.washingtontimes.com/national/20070301-113626-6930r.htm
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Editor - 21:20:00 03-01-07
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| U.S. Blasted for Treatment of Detainees |
The U.N. human rights chief expressed concern Wednesday at recent U.S. legislative and judicial actions that she said leave hundreds of detainees without any way to challenge their indefinite imprisonment. Louise Arbour referred to the Military Commissions Act approved by Congress last year and last month's federal appeals court ruling that Guantanamo Bay detainees cannot use the U.S. court system to challenge their detention. The case is likely to go to the Supreme Court. Arbour was critical of the ruling, calling on the judicial system to ``rise to its long-standing reputation as a guardian of fundamental human rights and civil liberties and provide the protection to all that are under the authority, control, and therefore in my view jurisdiction of the United States.'' ...
http://www.guardian.co.uk/worldlatest/story/0,,-6448430,00.html
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Editor - 21:12:00 03-01-07
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| Feds bust major insider trading ring |
The U.S. government on Thursday charged 13 people, including employees at major Wall Street banks, with securities fraud, wire fraud, bribery and other charges in what authorities are calling one of the most pervasive insider trading rings in years. Michael Garcia, U.S. attorney for the Southern District of New York, said the insider trading schemes involved a UBS (Charts) Securities executive who is accused of selling information about upcoming analyst upgrades and downgrades and a former Morgan Stanley (Charts) attorney accused of giving out information about mergers and acquisitions. Prosecutors said that two brokers at Assent LLC found out about the scheme involving the UBS executive and blackmailed some of the people involved. In addition, prosecutors charged that a Banc of America Securities representative allocated shares of initial public offerings and secondary offerings to a hedge fund, Q Capital, for cash kickbacks. Prosecutors said that all 13 people had been ...
http://money.cnn.com/2007/03/01/markets/insider_trading.reut/index.htm?postversion=2007030115
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Editor - 17:04:00 03-01-07
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| Key Figures About Iraq Since the War Began in March 2003 |
Key figures about Iraq since the war began in March 2003: CASUALTIES: Confirmed U.S. deaths as of March 1, 2007: 3,159. U.S. wounded as of March 1, 2007: 23,677. Iraqi civilian deaths: Estimated at more than 57,000, with one controversial study contending as many as 655,000. Since the Baghdad security crackdown was formally launched on Feb. 14, there has been a sharp drop in the number of victims of sectarian death squads. The number of bodies found has dropped by nearly 50 percent to 494 last month as of Feb. 26, compared with 954 in January and 1,222 in December. Assassinated Iraqi professors: at least 188. Journalists killed on assignment: 93. COST: More than $360 billion. Combined with the conflict in Afghanistan and operations against terrorism elsewhere, the cost has topped at least $500 billion. OIL PRODUCTION: Prewar: 2.58 million barrels daily. Feb. 18, 2007: 2.05 million barrels daily....
http://abcnews.go.com/International/wireStory?id=2915805
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Editor - 16:02:00 03-01-07
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