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Show 2 Wednesday August 31,2005 797-176^ statesman@cc.usu.eda Katrina slams stock market as well Today's Issue Dedications Today is Wednesday, August 30. Today's issue of The Utah Statesman is published especially for Jess Snedaker an undeclared sophomore from West Jordan. National Briefs •fi'QUickLpok'~~Z~_'I~~.'.'--.".] Little Rock Nine return to unveil statues LITTLE ROCK, Ark. (AP) - Nearly half a century after they faced down a mob to integrate Little Rock Central High School, the Little Rock Nine stood together oulside the Statehouse Tuesday and unveiled statues of themselves in that defiant walk. Some cried as they pulled away the sheets draping their individual statues and saw themselves as they were in 1957 "They used to call Arkansas 'the land of opportunity,' and black people said, 'Opportunity for whom?"' Ernest Green said. "Today, we can say 'opportunity lor all,' and Arkansas can be proud of this moment." Elizabeth Eckford looked at the bespectacled statue of herself leading the way into the school and smiled and joked about the more slender chin on the statue. The location of the statues is heavy with meaning. The nine stand just outside the governor's office, where in 1957 Gov. Orval Faubus called out the National Guard to prevent black school children from attending previously allwhite Central High following a 1954 Supreme Court ruling. Little Rock Nine return to unveil statues RALEIGH, N.C. (AP) - North Carolina is set to become the final state on the East Coast to start a lottery after the lieutenant governor broke a Senate tie Tuesday, when two opponents were absent. Supporters have been trying to legalize the game for more than 20 years. Gov. Mike Easley is expected to sign the legislation creating the lottery, a cause he's championed since his election in 2001, at a ceremony on Wednesday. Lt. Gov. Beverly Perdue, the Senate's presiding officer, sided with most of her Democratic colleagues in breaking a 24-24 tie. Polls have shown that most state residents want a lottery, but the plan appeared all but defeated last week, when the Senate left Raleigh after backers failed to persuade any of the five Democrats and 21 Republicans who have opposed its creation for weeks to switch their vote. "Is this a lesson we teach our children: 'Don't do your homework, don't work hard, you'll make it rich.'" Sen. Andrew Brock told his colleagues NEW YORK (AP) - Stocks skidded Tuesday in the devastating aftermath of Hurricane Katrina, which slammed the Gulf Coast, pounding hotels and casinos, constricting oil refinery capacity and leaving insurers to cover losses estimated as high as $25 billion. While major indexes gained Monday when the storm weakened, Wall Street's spirits sank Tuesday after the nation's top disaster relief official called the hurricane "catastrophic," oil prices climbed and stocks in affected sectors continued to drop. The Dow Jones industrial average was down more than 100 points in late afternoon trading, but narrowed its losses toward the close. "This is the kind of reaction everyone expected yesterday," said John Caldwell, chief investment strategist for McDonald Financial Group, part of Cleveland-based KeyCorp. Crude oil futures hit record highs on fears that already tight refinery capacity would be further constrained as TV reports asserted widespread refinery shutdowns along the Gulf Coast and the Coast Guard said seven rigs were adrift in the Gulf of Mexico. A barrel of light crude settled at $69.81, up $2.61 a barrel on the New York Mercantile Exchange. Notes released from the Federal Reserve's last policy maker meeting further aggravated equity investors. The notes signaled that rate hikes could continue into 2006 and said inflation had "ticked up" since the policy makers' previous meeting but indicated they decided not to accelerate the pace of short-term interest rate hikes "for now." The Dow closed down 50.23, or 0.48 percent, at 10,412.82. New Orleans is an important, coffee port; coffee prices were Michael Ainsworth/ KRT Campus GUESTS AT THE Astor Crown Plaza hotel look over floodwaters on Canal Street in New Orleans, Louisiana, on Tuesday, August 30, 2005. sharply higher on commodities markets. Prices for other commodities, including cotton and soybeans, also rose as the storm headed toward farmers in the Ohio Valley. Natural gas prices climbed as companies with a Gulf Coast presence said they had either shut down or cut back operations there and disruptions could continue through Thursday. The increases in energy costs and commodity prices sparked inflation fears. "Seventy dollar oil is the point where you start to get a bit more nervous," said Ed Keon, chief investment strategist with Prudential Equity Group in New York. He said oil and refinery companies were likely to "invest like crazy" to increase supply, while consumers and companies started using less energy to reduce demand. "My guess is eventually we'll see prices start to come down again, but I don't know that anyone knows when we'll see that happen," he said. Insurance stocks sagged again as damage estimates varied widely. Hartford Financial Services Group fell 19 cents to S73.15; Allstate Corp. fell 54 cents to $56.64 and MetLife Inc. fell 43 cents to $48.69. Some gaming stocks fell again as casino operators assessed the damage to their Gulf Coast properties, which included reports of some casinos being swamped with water to the third floor. Pinnacle Entertainment Inc. fell 72 cents to $21.35. Isle of Capri Casinos Inc. fell 65 cents to $22.87. Wal-Mart Stores Inc. fell 46 cents to $45.19 after it said 123 of its 3,725 stores were closed by the hurricane. Iraq constitution could be changed for broader support BAGHDAD, Iraq (AP) - In a dramatic shift, the U.S. ambassador raised the possibility Tuesday of further changes to Iraq's draft constitution, signaling that the Bush administration has not given up its campaign to push through a charter that will be broadly accepted. Also Tuesday, U.S. warplanes struck three suspected al-Qaida targets near the Syrian border, killing what the U.S. military called a "known terrorist." Iraqi officials said 45 people died, most in fighting between an Iraqi tribe that supports the foreign fighters and another that opposes them. The nation's Sunni Arabs had demanded revisions in the constitution, finalized last weekend by the Shiite-Kurdish majority over Sunni objections. A Shiite leader said only minor editing would be accepted, because the draft was now ready for voters in an Oct. 15 referendum. But Ambassador Zalmay Khalilzad told reporters he believed "a final, final draft has not yet been, CHICAGO (AP) - Hip-hop star •! Kanye West has filed a lawsuit accus* ing a Chicago DJ of possessing 10 unreleased songs that West produced before he was 18. I The 20-page lawsuit filed Monday1, in federal court in Chicago alleges -J that Eric "E-Smoove" Miller improp-j erly tried to distribute some of those )i master recordings earlier this year. $ Miller, who helped record the rl songs before Chicago native West !* became famous, falsely claimed he j had a contract to distribute the music> the lawsuit claims. g The disputed songs include "Ho!!!^ and "Stop Frontin'," which West's ; *T attorneys claim Miller offered to dis-*" tributors using a fake contract with r. West's fake signature. ( In the lawsuit, the 28-year-old Grammy winner seeks payment of no > less than $1.3 million. The lawsuit alsc demands that Miller cease from ever ! using West's name or voice in connec-; tion with the master recordings. i West's attorneys say the dispute t over the old master recordings is par- \ ticularly damaging now, as the singer J releases his latest album, called "Late ' Registration. < MIAMI (AP) - For the first time 1 in a while, the MTV Video Music j Awards rocked more than it hipj hopped. * Green Day, who arrived at the ! venue in the vintage green convertible! from the "Boulevard" video, won best| rock video and video of the year for '» the clip. They also won the viewer's \ choice award, best group and several -J technical categories. " j Kanye West was the only rapper ! to win an "all-genre" award, with his . "Jesus Walks" taking best male video. \ Fall Out Boy won the MTV2 award for their song "Sugar, We're Going ' Down." * Other big winners Sunday include^ Kelly Clarkson, Missy Elliott, the ;f Gorillaz and Gwen Stefani. I Late Night or the edits have not been, presented constitution drafting committee, yet" - a strong hint to Shiites and insisted Tuesday that "no changes Kurds that Washington wants anoth- are allowed" to the draft "except for er bid to accommodate the Sunnis. minor edits for the language." "That is something that Iraqis Sunnis objected primarily to fedwill have to talk to each other eralism, which would create Kurdish (about) and decide for themselves," and Shiite mini-states and threaten Khalilzad said, speaking alongside a Sunni access to oil wealth; purges major Sunni Arab community leader of former members of Saddam who denounced the current draft Hussein's Sunni-dominated Baath and accused the Shiite-dominated Party from government; and the government's security forces of assas- description of Iraq as an Islamic but sinating Sunnis. not Arab state, lumping it together with Shiite-dominated Iran. The Bush administration wants a constitution acceptable to all Iraqi Shiites consider some of the Sunni factions to help quell the Sunnidemands, especially on the Baath dominated insurgency so that U.S. party and federalism, as matters of and other foreign troops can begin to principle not subject to compromise. go home. "From a legal point of view, no Shiite leaders had no comment on change can be made to the draft," KhalilzacTs remarks. As constitution Shiite negotiator Hussein Athab said. wrangling drew to a close last week, "If (Khalilzad) means legal change, Shiite officials complained privately then this is not allowed. If he means that the Sunnis were stonewalling political change, I don't know what and that further negotiations were pointless. • CONSTITUTION Influential Shiite lawmaker see page 4 Khaled al-Attiyah, a member of the CATCH OF THE DAY Let us entertain you! David Letterman i Top Ten Ways To Make The :-\ U.S. Open More Exciting ;* -1. 10. Losing player forced to eat -f can of balls T: 9. Every time a player grunts, :l they receive a 300-volt electric f shock •'•; 8. Lose a set, lose a finger f 7. Make new surface molten hot! lava $ 6. Every day, Pat Robertson gets^ to kill one player il 5. Raise the price of a tuna wrapj from 12 dollars to thirteen-flfty^ 4. One in every ten balls | explodes on contact > 3. Ferocious wolverine trapped > in the net, slowly working its •[ way free J, 2. Eliminate coverage of match- ;j es, just keep camera on Maria > Sharapova 't 1. Extra points awarded if you ""„ nail a ball boy in the nuts > Fast Facts \bu Need to Kno Most costly hurricanes Erihnried tones from HuirlcarwKfitrtia conpwed |g ttia moot dratiuctt/* U.6. utjutsdforhftaUgn (fc 200* defers); 25-F6ot Climbing WaD 15 Different Routes Indoor Soccer Leagues and Field Rentals! Proud sponsor ofUSU Women's Soccer team "We have all the gear you need!" Open men's and women's co-edl COME msrr r —r £ . Am»«w, 1M2 ta|i20M Frirww. 2004 duiila.ifiCD 3985 N 75 W Hyde Park J«nno,2004 fr.a Hiion ju'uiur Hara:hMcnrt Hirrtann c m * PJ s i We accept Credit Cards! usasports2004@yahoo.com (435)563-1167 MM"ML State Your Opinion in a letter to the editor. statesman(a)cc.usu.edu |
