10.11.2006

Stocks Drop on News of Plane Crash into NY High Rise, but Moderate as People Are Advised It's Not Terrorism

Not that the government actually knows anything at this time, but Americans will swallow the BS once again until the Karl Rove government decides how they can best play this to their own advantage.

Excerpt Market Watch Report:
U.S. stocks pared losses late in Wednesday's session, as investors took a benign view of news reports that a small aircraft crashed into a New York city building.
"It appears at this juncture that this was not terrorism, but rather an airplane that was in distress," said Charles Campbell, a senior sales trader at Miller Tabak.
Stock prices also were dented by the minutes of the last Federal Reserve meeting on interest rates. The notes made clear that inflation remained a serious concern for central bank officials, dashing hopes among some investors for an early cut in interest rates.


WP has a great AP article on this.

Fighter planes have scrambled over major US Cities. Are we supposed to be able to hear and see these planes, because there is nothing visible or audible around LA California. Maybe it's just expensive and important areas they're guarding. That would be pretty far from my place. We just have refineries that could take out a couple of blocks of houses around here.

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