Saddam Makes Markets

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Saddam Buoys the Markets
Iraq's offer to accept weapons inspectors back may have been dismissed as meaningless by the White House, but the markets have welcomed Saddam's move. Foreign markets and the Dow futures indicate that Wall Street is set for a stellar day, while oil prices fell sharply on the prospect of avoiding war with Iraq. Seems like the markets may not be entirely in agreement with White House economic adviser Lawrence Lindsey, who said in comments reported Monday that even though a war may cost the U.S. up to $200 billion, it would be good for business.

Story in the Financial Times

Justice Finds Binalshibh
Senior al-Qaeda operative Ramzi Binalshibh, alleged to have coordinated the September 11 attacks, has been transferred to U.S. custody following his capture in Pakistan last week. U.S. officials are interrogating Binalshibh at a secret location in the hope of gleaning important new insights into the post-Afghanistan workings of al-Qaeda. And when they're done, he's likely to face trial, possibly at a military tribunal.

Story in the New York Times

Superman Targets Bush
In a wide-ranging interview with Britain's Guardian newspaper, paralyzed actor Christopher Reeve recounts his progress towards his goal of walking by his 50th birthday, and lists President Bush's policy on stem cell research among his major impediments. Reeve is enraged at what he characterizes as the President's capitulation to the Church on an issue of critical importance to people facing dire medical conditions.

Story in the Guardian

How much for that Governor's Mansion in the Window?
Got a couple extra million dollars hanging around that you just don't know what to do with? Try running for governor — these days, it's one of the fastest and most efficient money-burning activity on earth. This year, candidates across the country are spending record amounts of cash (sometimes double or triple what's been seen before) on extremely tight races. Wealthy donors are giving them a helping hand, much to the chagrin of voters, who are now stuck watching endless campaign commercials and praying for November.

Story in the New York Times

The Next Bud Light Ad Online Could Star You
The short unhappy history of online advertising may be about to take a popular turn. Anheuser-Busch Cos. is launching an online ad campaign that allows viewers to create virtual personalities (or "veepers") and email them around to friends. The campaign could turn out to be a runaway online hit, but critics worry that underage folks might be the unintended audience.

Story in the Wall Street Journal (Subscription required.)