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To: stockman_scott who wrote (50998)5/6/2002 8:32:30 AM
From: Clappy  Read Replies (1) | Respond to of 65232
 
Billionaire Predicts Nuclear Attack
Sun May 5,10:28 PM ET
By JOE RUFF, Associated Press Writer

OMAHA, Neb. (AP) - Investment guru Warren Buffett (news - web sites) offered a bleak prediction for the nation's national security, saying a terrorist attack on American soil is "virtually a certainty."

Photos

AP Photo


Envy and dislike of the United States have fueled rage against the country even as the ability to build a nuclear device has spread, Buffett said Sunday at the final day of Berkshire Hathaway Inc.'s annual meeting.

"We're going to have something in the way of a major nuclear event in this country," said Buffett, the firm's chief operating officer. "It will happen. Whether it will happen in 10 years or 10 minutes, or 50 years ... it's virtually a certainty."

Washington and New York would be the top two targets because terrorists want to traumatize the country and kill as many people as possible, Buffett said.

Chemical or biological attacks are similarly high risks, Buffett said.

Buffett is the second-richest man in the world with holdings in Coca-Cola Co., American Express and The Washington Post, but his main business is insurance.

Berkshire Hathaway's insurance companies — particularly General Re Corp. — took a $2.4 billion underwriting loss because of the Sept. 11 terrorist attacks in New York and Washington.

The companies are now writing policies on terrorism but limiting their liability in any nuclear, biological or chemical attack. Only the federal government can ultimately insure property and other damage from a major terrorist attack, Buffett said.

The 71-year-old Buffett and vice chairman Charlie Munger met with the news media the day after they spent six hours answering questions from some of the more than 10,000 Berkshire shareholders gathered for the annual meeting.

story.news.yahoo.com



To: stockman_scott who wrote (50998)5/6/2002 8:39:16 AM
From: Clappy  Read Replies (1) | Respond to of 65232
 
Now mail men have more to worry about than sleet, rain, snow, and anthrax. Now there might just be a pipe bomb in that mailbox...

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Mail Carriers at Work Despite Threat
Mon May 6, 8:17 AM ET
By PHIL ROONEY, Associated Press Writer

OMAHA, Neb. (AP) - Less than six months after an anthrax scare rocked the U.S. Postal Service, mail carriers have a new form of terrorism on their hands: pipe bombs.


Mail carriers were expected to return to their routes Monday with a heightened sense of caution following the discovery of 15 mailbox pipe bombs across the Midwest since Friday, authorities said.

The postal service asked customers in Nebraska, Iowa and northwest Illinois with roadside delivery to secure their mailbox doors open or remove the doors to ensure service.

"We are instructing our carriers not to deliver to any closed receptacles," said Mike Matuzek, U.S. Postal Service district manager for Nebraska and southwest Iowa.

Matuzek called it a temporary precaution while the investigation continues. Locked mailboxes like the ones in post offices will have normal mail delivery.

"It is deplorable," he said. "It brings a lot of innocent people into the fray of this thing where they really don't belong."

Six people were injured by explosions in Illinois and Iowa on Friday. Two other bombs found in Iowa did not explode. Then, six bombs were found Saturday in rural areas of Nebraska, and a seventh was found Sunday. They were all later detonated harmlessly by authorities.

An anti-government note found with the bombs warned of more "attention getters," and federal authorities described the bombs as an act of domestic terrorism.

"The individual claims that they're trying to contact the government or get in touch with them, but using a means like this with pipe bombs ... that's not the way to get the message across," FBI (news - web sites) agent Jim Bogner told CBS' "The Early Show."

In addition to the real bombs, one fake bomb was found Sunday in Nebraska, and 18-year-old man was arrested in the prank, the U.S. Postal Service said.

Roger Humphries, a postal service spokesman, declined to describe the latest devices. The Postal Service doesn't want to deal with any more hoaxes, he said.

Officials on Sunday renewed pleas that whoever planted the bombs contact them and make their grievances clear.

"I hope whoever is responsible would respond," said Thayer County Sheriff David Lee, whose department received a call on one bomb found in a rural mailbox near Davenport on Saturday.

Postal officials said the bombs were accompanied by typewritten notes in clear plastic bags that said, in part:

"If the government controls what you want to do they control what you can do. ... I'm obtaining your attention in the only way I can. More info is on its way. More 'attention getters' are on the way."

Lee's request on Sunday that the bomber contact authorities followed a similar message from the FBI on Saturday.

"You have gotten our attention. We are not certain we understand your message. We would like to hear from you. We are listening," said Weysan Dun, assistant special agent-in-charge of the FBI's Omaha office. "You do not need to send any more attention getters."

Officials described the bombs as three-quarter-inch steel pipes attached to a 9-volt battery, and said they appeared to be triggered by being touched or moved.

Among the six people injured Friday, only a 61-year-old woman remained hospitalized Sunday. Doris Zimmerman, who lives near Anamosa, Iowa, was listed in fair condition.

Mail carrier Lyle Bartels of Ohiowa, Neb., said he'll be cautious when he returns to his route. Two of the pipe bombs found Saturday were in his delivery area.

"I'm just going to try to look the boxes over a little bit before I open them," Bartels said. "It's kind of scary."

story.news.yahoo.com



To: stockman_scott who wrote (50998)5/6/2002 9:14:45 AM
From: Jim Willie CB  Respond to of 65232
 
Ultra-Strong USdollar policy is a disaster, longterm
it eroded the country's mfg base
it sent 1,000,000's of jobs overseas
it led to massive trade debts
it ushered in the era which built the stock & bond asset bubble

then the aftermath:
it led to the Y2K crash
it has broght a 3-yr bear market
it has resulted in bankruptcies too numerous to count
it will next bring a dollar decline
which opens the back door to imported inflation
then a stormy mix of deflation thru the product economy AND inflation in the energy and commodity economy
and finally a resumption of federal debts while we are in a constant war

the unwinding of the Ultra-strong USdollar will continue to be horrible
it will bring continued surprises, airpockets of hotmoney, collapse of more companies, a big rise in gold&silver, and more inflation than people expect eventually

history will not treat Rubin kindly
/ jim