| THE
LATEST:
THE DOW INDUSTRIAL AVERAGE CLOSED
DOWN 684 POINTS Monday, dropping below the 9,000 mark for
the first time since 1998. It was the biggest one-day
point loss ever, but not the greatest one day percentage loss. The
Dow closed up from its session low, when it was down more than 700
points. Airline stocks were hardest hit: down an average
32-percent; hotel stocks off 18-percent; entertainment stocks were
also down. There were fears of a panic selloff in the wake of the
World Trade Center tragedy in which the market would go into a
freefall, losing thousands of points. That didn't happen.
A RECORD NUMBER OF TRADES:
Volume on the New York Stock Exchange was more than two billion
shares.
ALL PASSENGERS ARE SAFE after
federal agents and police surrounded an American Airlines jet that
landed at Chicago's O'Hare Airport Monday morning carrying what
federal officials said were two men and a woman who locked
themselves in the jet's lavatories. Luggage that was aboard is being
searched. The jet was headed from Austin to Chicago.
COULD THE NEXT TARGET OF TERRORIST
ATTACKS BE A NUCLEAR POWER PLANT? Russian
intelligence says yes. -- The Nation. ALSO: THE FBI
SEEMS TO HAVE
IGNORED WARNINGS FROM IRAQI-BASED TERRORISTS THAT THEY WOULD
INDEED ATTACK A NUCLEAR PLANT, according to one website.
US AIRWAYS SAYS IT WILL LAY OFF
ELEVEN-THOUSAND EMPLOYEES, about
one-fifth of its workforce. And the airline announced Monday it
will cut it's flight service by 23-percent.
TERRORIST ATTACKS -- WHAT THEY ARE
AND WHAT TO DO -- from a five-year-old
FEMA website.
STUDY
OF REVENGE -- SADDAM HUSSEIN'S UNFINISHED WAR AGAINST AMERICA. To
say that the Clinton administration is blameless in the 2001 World
Trade Center tragedy is to say that Chamberlain was blameless in
World War II. And if you've been reading TheLatest.Net
for the past two years, you know we don't Blame Clinton for
everything that's wrong with America, but this angle is startling.
Also see: Time magazine's "Inside
the Hunt for Osama."
1995:
THE YEAR TERRORISM SEEMED SO FAR AWAY. -- The Center for
National Security Studies.
CONTINENTAL AIRLINES IS
ELIMINATING FLIGHTS TO TEN CITIES. This on the heels of an
announcement last week that the airline is laying off 12-thousand
employees.
TREASURY SECRETARY PAUL O'NEILL
joined New York police and firefighters in ringing the opening bell
at the New York Stock Exchange (NYSE) in New York Monday morning.
Firefighters are walking the floor of the exchange, shaking hands
and talking with traders.
AN HOUR BEFORE WALL STREET TRADING
BEGAN, THE FEDERAL RESERVE LOWERED INTEREST RATES by half a
point, to three-percent.
MORE THAN 300 FEDERAL AGENTS -- TO
BE CALLED "AIR MARSHALS" -- WILL BE ASSIGNED TO THE
FEDERAL AVIATION ADMINISTRATION for
placement
aboard commercial aircraft, Attorney General John Ashcroft said
Monday. All airports -- except Washington's Reagan National,
which is closed indefinitely to commercial traffic -- have been
reopened, but flights are on limited schedules.
THE FBI SAYS THERE "MAY"
BE PEOPLE STILL AT LARGE WHO HAVE CONNECTIONS TO THE TUESDAY
DESTRUCTION at the World Trade Center and the
Pentagon.
THERE HAVE NOW BEEN FOUR ARREST
WARRANTS ISSUED for suspects in the terror attacks, according to
the FBI.
THE FBI WILL SEEK AUTHORITY TO
WIRETAP INDIVIDUALS rather
than just certain telephones, Ashcroft said at a Washington news
conference Monday. The US will also seek an end to the statute of
limitations on terrorist crimes. Ashcroft also said he wants to make
terrorism a priority in the criminal justice system, expanding
related crimes to make it illegal to harbor a suspected terrorist.
The attorney general said he'll ask Congress this week for the new
justice powers.
PRESIDENT BUSH SAID MONDAY THE US
WILL FIND TERRORIST OSAMA BIN LADEN AND BRING HIM BACK "DEAD
OR ALIVE," adding, "I want justice."
ABOARD THE PLANES THAT DESTROYED
THE WORLD TRADE CENTER AND THE PENTAGON, THE TERRORISTS WERE FLYING
FIRST CLASS, paying
thousands of dollars for tickets. They spoke in German and
bought one-way tickets on the Internet, paying for seven tickets
with the same credit card. -- The British Sun
THERE IS NEW
"INDEPENDENT" EVIDENCE THAT OSAMA BIN LADEN WAS BEHIND
THE TRADE CENTER AND PENTAGON ATTACKS, according to Britain's
Defense Minister.
SEARCH AND RESCUE OPERATIONS
CONTINUE AT THE FORMER SITE OF THE WORLD TRADE CENTER AND AT THE
PENTAGON. Simultaneously, workers are attempting to shore up the
walls at the damaged portion of the Pentagon.
TROOPS
ARE MASSING ON THE BORDER BETWEEN PAKISTAN AND AFGHANISTAN.
The US has demanded that the Afghan rulers turn mass murderer Osama
bin Laden over to American authorities.
INDIA HAS PLEDGED "FULLEST
COOPERATION" with the US in the war against terrorism, but
the Indian press is warning that "war-mongering" is
"fraught with danger."
ITALY'S DEFENSE MINISTER SAYS HIS
NATION'S TROOPS WILL NOT TAKE PART in the US war against
terrorism. He
adds that use of the term "war" is "inappropriate, it
is not a conflict between states..." However, Secretary of
State Colin Powell says he's heard from Italian leaders who are
sympathetic to the US war on terrorism.
THERE WAS A BOMB THREAT AT THE
JUSTICE DEPARTMENT Monday morning. Employees were
evacuated; no bomb found.
"THE US MILITARY IS READY TO
DEFEND FREEDOM" at all costs, President Bush said
Monday.
THREATS AGAINST ARAB AMERICANS
WILL NOT BE TOLERATED, said
FBI Director Robert Mueller Monday. Such "hate crime"
attacks will be "vigorously prosecuted," he said. There
are already 40 suspected acts of violence against people of Arab
descent under investigation, all of which have occurred since
Tuesday's World Trade Center and Pentagon tragedies.
THE JUSTICE DEPARTMENT SAYS ITS
RECEIVED 47-THOUSAND LEADS in
the search for terrorists in America.
PLANNED MEETINGS THE INTERNATIONAL
MONETARY FUND AND THE WORLD BANK HAVE BEEN CANCELLED. The two
were scheduled to meet in Washington September 29th.
THE FBI IS INVESTIGATING WHETHER A
SUSPECTED TERRORIST was allowed to visit a Boston Logan Airport
control tower just days before Tuesday's terrorist destruction.
NATION OF ISLAM LEADER LOUIS
FARRAKAHN DENOUNCED the Tuesday terrorist acts, calling
those who perpetrated them "wild beasts."
CABLE TELEVISION NEWS NETWORKS
HAVE RESUMED AIRING COMMERCIALS. CNN, ANN and Fox News Channel
suspended commercials just after the destruction of the Trade Center
and the Pentagon.
ABOUT AFGHANISTAN, AND WHY THE US
SHOULD NOT ONLY CAPTURE OR KILL OSAMA BIN LADEN, BUT ALSO LIBERATE
THE NATION FROM THE RULING TALEBAN:
From Brown University anthropologist
William O. Beeman's essay, "Of Bombings In Afghanistan..."
from the
Brown University Op-Ed Service: "To the north of
Afghanistan is one of the wealthiest oil fields in the world -
on the eastern shore of the Caspian Sea in the new republics of the
former Soviet Union. American oil companies are involved in an
oil boom larger than any in the last 40 years in this region. Untold
wealth is at stake, depending on getting the oil out of the
landlocked region through a warm-water port." That's why
Saudi Arabia and UNOCAL had planned an oil pipeline through
Afghansitan -- but abandoned it because of the political instability
of the nation.
"Enter Osama bin Laden, a sworn
enemy of the United States living in Afghanistan. His forces could
see that the Taleban would eventually end up in the American camp if
things proceeded as they had been. His bombing of U.S. embassies in
East Africa (since there were none in Afghanistan) was accompanied
by a message for Americans to get out of "Islamic
countries." By this he specifically meant Afghanistan.
"The American response was to
bomb bin Laden's outposts while carefully noting that his forces
were "not supported by any state." This latter statement
was an attempt to rescue the Taleban relationship while giving the
Taleban leaders the message that they must ditch bin Laden. For good
measure American missiles also took out a factory in the Sudan - a
smoke screen for the real target of their action.
"Now matters are really in a
mess. Iran has actually issued a statement supportive of the
U.S. actions. The Taleban are angry, and American citizens across
the globe are now the targets of the most fanatical of Islamic
militants."
"Every time the United States
has attempted one of these slick back-door deals, American citizens
get burned. What our foreign policy community never seems to learn
is that religion and ideology are as strong a motivating force in
this region as money or guns. We underestimate these factors
every time, and our myopia gets us in trouble every time."
-- Mike Shiloh |