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TheLatest.Net |
MarketCreative.com |
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Mike
Shiloh News: April 3, 2001: AMERICAN DIPLOMATS HAVE MET WITH THE CREW OF A DOWNED NAVY PLANE that was forced to land in Chinese territory after colliding in mid-air with a Chinese warplane Saturday. Meanwhile, President Bush warned Chinese officials Tuesday that the incident could threaten a "productive relationship" between the two countries.
The plane is an intelligence coup for Chinese, offering a look at secret US radar, radio monitoring and surveillance equipment. There's speculation Chinese agents have removed some of the devices from the E-3 plane for study.
Crew members are said to be in good health, in "protective custody." US diplomats are seeking release of the 24 crewmembers and to have the plane returned. A propellor, the nose cone and other portions of the plane were heavily damaged in the collision; analysts say it's a surprise the pilots were able to land the plane. STOCK MARKETS DOWN TUESDAY after uneasy dealings on Wall Street. Investors were concerned about the Chinese-US spyplane incident and continuing reports of lowered earnings expectations by automakers, who say sales are down nine-percent in March; General Motors was off more than a dollar.
The Dow closed down 292 at 9,485, losing about three-percent, now down to its lowest point in two years; the Nasdaq was down 110 to 1672, a loss of more than six-percent. BURGER KING FOLLOWS MCDONALDS, insisting its meat suppliers adhere to "ethical treatment of animals," including the use of Taser (stun) guns on animals before slaughter; McDonalds instituted the guidelines nearly two years ago. REPEALING THE DEATH TAX -- President Bush is being joined by many black business leaders in the effort, many of whom feel the tax will keep the current generation of black millionaires from passing on their wealth to heirs. STRAIGHT PRIDE: Sixteen-year-old Elliott Chambers is suing his high school because he says he's not being allowed to wear a sweatshirt emblazoned with the words, "Straight Pride."
Chambers is now wearing a new t-shirt, reading "Help I'm being repressed." ACTRESS VALERIE BERTINELLI is joining the cast of CBS-TV's "Touched By An Angel." THE INTERNET POLICE? A 13-year-old boy mentioned in an Internet chatroom that he's being bullied at school and has "plans" to do something about it, one wire service reports. In response, Missouri Highway Patrol officers arrested a boy in Sparta, Missouri, who met the description of the boy in the chatroom.
So help me. --Mike Shiloh
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BREAKING
NEWS VICE PRESIDENT DICK CHENEY HAS MADE HIS FIRST TIE-BREAKING VOTE IN THE HOUSE, STOPPING A DILUTION OF THE BUSH TAX PLAN.
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