Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (14537)	8/11/2002 10:47:55 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 17639

covert actions have already begun- US Iraq Campaign Has Its First Engagement DEBKAfileSpecial Military Analysis 10 August: Americaâ€™s offensive against Saddam Husseinâ€™s regime in Iraq has begun as an exercise in gradualism rather than a D-Day drama. DEBKAfile â€™s military sources report that tens of thousands of US, British, French, Netherlands, Australian troops may take part in the campaign, openly or covertly, but not in massive waves that fling themselves telegenically on Baghdad. The fact of the matter is that American military concentrations are already unobtrusively present in northern and southern Iraq. The US campaign to oust Saddam is therefore unfolding already, albeit in salami-fashion, slice by slice, under clouds of disinformation and diversionary ruses . . . First US Military Steps In the past week, once those preparations were in place, the United States carried out two military operations: 1. Tuesday August 6, at 0800 hours Middle East time, US and British air bombers went into action and destroyed the Iraqi air command and control center at al-Nukhaib in the desert between Iraq and Saudi Arabia. The center contained advanced fiber optic networks recently installed by Chinese companies. DEBKA-Net-Weeklyâ€™s military sources say the raid made military history. For the first time, the US air force used new precision-guided bombs capable of locating and destroying fiber optic systems. The existence of such weaponry was hitherto unknown. Following the destruction of the facility, about 260 miles (415 kilometers), southwest of Baghdad, waves of US warplanes swept in from the Prince Sultan air base in Saudi Arabia and from US aircraft carriers in the Gulf and flew over the Iraqi capital. The Iraqi air force and anti-aircraft system held their fire on orders from above. This deep air penetration told the Americans that the early warning radar system protecting Baghdad and its environs from intrusion by enemy aircraft and missiles was inactive. 2. Two days later, on Wednesday night, August 8, Turkey executed its first major military assault inside Iraq. US Preparations for Iraq Offensive From DEBKA-Net-Weekly August 2 5 August: In total hush, the US has embarked on advance preparations deep inside Iraq for the coming offensive against Baghdad. In northern Iraq, these preparations are in the form of crash engineering projects. . . debka.com

To: Jorj X Mckie who wrote (14537)	8/12/2002 9:16:56 AM
From: Rainy_Day_Woman	Read Replies (1) \| Respond to of 17639

NEW YORK (CBS.MW) -- U.S. stocks appear set to take a breather on Monday following a week that saw the Dow industrials reap its heftiest gain in almost 11 months. Investors are likely display a somewhat cautious stance ahead of Tuesday's Federal Open Market Committee Meeting and the Aug. 14 deadline for company heads to sign off on their financial statements. Tuesday's Fed meeting has sparked the most heated debates among Wall Street economists in some time. Some have come out with bold proclamations, calling for the Fed to slice the overnight rate by 50 basis points to stave off the possibility of a slip back into recession. Others feel a 25-basis-point move would suffice to assure markets that the central bank is doing all in its power to prevent the nascent economic recovery from tripping. But the majority merely expects an acknowledgement on the Fed's part that the economy has slowed over the past six weeks and assurance that it stands ready to act should the situation deteriorate. Economists expect the Fed to signal that readiness by modifying its current neutral stance on rates to an "ease" bias. Pre-open action centered around U.S. Airways Group (NYSE:U - News) , which tumbled about 80 percent in Instinet deals after filing for Chapter 11 bankruptcy protection late Sunday amid a soft economy and the detrimental effects of the Sept. 11 terrorist attacks. US Air said it expected all its flights to continue and said it had secured commitments for $500 million in debtor-in-possession financing from a group led by Credit Suisse First Boston, Bank of America and Texas Pacific Group. The futures markets signaled small losses at the open. The September S&P 500 contract declined 14.30 points, or 1.6 percent, and traded around 13.40 points below HL Camp & Co.'s fair value numbers. Nasdaq futures, meanwhile, eased back 12.00 points, or 1.3 percent, and were approximately 12.50 points under fair value.