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To: patron_anejo_por_favor who wrote (216789)1/27/2003 12:03:16 AM
From: ild  Read Replies (1) | Respond to of 436258
 
...Contrary to the views of some analysts, it is not clear that a war in Iraq will be a favorable development for stocks, nor for the economy, nor for the oil market, nor for the cause of peace. The oil supply from South America is already disrupted. The U.S. already faces depressing effects of overcapacity, low savings, and a massive current account deficit. The economy is already on the cusp of a double dip, with bankruptcies and foreclosures relentlessly increasing. In this context, the addition of war will not create the road to recovery. In this economy, it just might create the perfect storm.
hussman.com



To: patron_anejo_por_favor who wrote (216789)1/27/2003 12:11:03 AM
From: posthumousone  Read Replies (2) | Respond to of 436258
 
Bank of America ATMs Disrupted by Virus
<im surprised this isnt a bigger story....wonder what would have happened if it were during mkt hours>

Reuters
Saturday, January 25, 2003; 5:33 PM

SEATTLE (Reuters) - Bank of America Corp. said on Saturday that customers at a majority of its 13,000 automatic teller machines were unable to process customer transactions after a malicious computer worm nearly froze Internet traffic worldwide.

Bank of America spokeswoman Lisa Gagnon said by phone from the company's headquarters in Charlotte, North Carolina, that many, if not a majority of the No. 3 U.S. bank's ATMs were back online and that their automated banking network would recover by late Saturday.

Web traffic slowed suddenly and dramatically worldwide for hours after a fast-spreading computer worm clogged pipelines of the global network carrying data, Web pages and e-mail, officials said.

"We have been impacted, and for a while customers could not use ATMs and customer services could not access customer information," Gagnon said.

Gagnon said that the worm, which slows down computer networks by replicating rapidly and spreading to other servers, did not cause any damage to customer information, but slowed down or blocked access to that sensitive information, making transactions difficult.