Wall Street and global markets plunge on shock US Congress rejection of $700 bn bailout plan.
September 30, 2008, 4:42 AM (GMT+02:00)
Mayhem on Wall Street after Congress throws out bailout
The Paulson rescue plan to buy bad debts, endorsed by President Bush and both presidential contenders John McCain and Barack Obama was defeated Monday, Sept 29 by 228 votes to 205. Wall Street reacted with a 5 then 6.9 percent plunge. Economic experts widely predict global markets to crash.
Voting was delayed to persuade recalcitrant lawmakers to change their minds amid dire warnings of the impact on the American economy and the world’s financial system of the rescue package's failure. Before the vote, UK and continental European markets and financial institutions were already sinking.
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Syria resumes covert nuclear projects in partnership with North Korea
DEBKAfile Exclusive Report
September 28, 2008, 9:38 PM (GMT+02:00)
Nearby houses imploded from Damascus car bomb blast
DEBKAfile’s intelligence sources report that the nuclear scientists and technicians who were to have been employed at the destroyed Syrian reactor there have been hired for new projects. This time the installations are scattered in different parts of the country. North Korean nuclear experts are back too.
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US warship monitors Somali pirates to keep arms cargo from al Qaeda
DEBKAfile Special Report
September 28, 2008, 11:05 PM (GMT+02:00)
The Ukrainian Faina commandeered by Somali pirates
The heavily armed guided missile destroyer, Howard , of the US Navy’s 5th Fleet, was close by the Ukrainian Faina , Sunday night, Sept. 28.
DEBKAfile’s sources report the US warship and two European vessels surrounding the captured ship were determined to prevent the Somali pirates aboard from unloading its weapons cargo and allowing it to reach al Qaeda networks in Sudan or Kenya.
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US-Russian deal lets Iran’s nuclear bomb program off the hook
DEBKAfile Special Report
September 27, 2008, 5:21 PM (GMT+02:00)
Iran perfects nuclear-capable ballistic missiles
Friday, Sept. 26, 2008 was the day the policy pursued by Ehud Olmert, Tzipi Livni and Shimon Peres, of reliance on the international community to stop Iran developing a nuclear bomb, sank without a trace. The international community declined to adopt fresh economic sanctions to rein in an increasingly defiant Tehran.
A deal between the US and Russia in New York sealed a very brief non-sanctions draft reaffirming previous council decisions.
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A 14-plane US airlift lands high-powered FBX radar in Israel with US personnel
DEBKAfile Special Report
September 27, 2008, 5:15 PM (GMT+02:00)
Unloading high-powered US anti-missile radar in Israel
Huge US Air Force transports have ferried the high-powered FBX-T anti-missile radar to Israel’s Nevatim Air Base south of Beersheba.DEBKAfile’s military sources report that the transportable radar surveillance/forward-based X-band radar was accompanied by some 120 American European Command personnel.
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TOP STORIES
•US Congress rejects $700 bn financial bailout plan
•Israel police on high New Year terror alert
•US warship monitors Somali pirates to keep arms cargo from al Qaeda
•Syria resumes covert nuclear projects
•Al Qaeda reacts to America’s financial crisis
•Syria, Iran collaborate anew in nuclear arms development
•US-Russian deal lets Iran’s nuclear bomb program off the hook
•High-powered US anti-missile radar lands in Israel
•Iran on way to atom bomb capability – ElBaradei
Police on high terror alert detain Palestinian terror suspect in Jerusalem
September 29, 2008, 12:08 PM (GMT+02:00)
With scores of terror warnings current for the Jewish New Year starting sundown Monday, Sept. 9, a beefed up Jerusalem Border Police squad detained a Palestinian from the West Bank of Jenin early Monday, on his way to a knifing attack on the route leading to the Western Wall in the Old City. In his pockets were a large knife and letters stating his intention to be a “martyr.”
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