it I Un One hundred ten years of editor/a/ freedom 1Uil NEWS: 76-DAILY CLASSIFIED: 7640557 w. michigandaily. com Tuesday September 18, 2001 i 4 t i'3 ! t M- i The Washington Post WASHINGTON - President Bush warned the nation yesterday to prepare for U.S. military casualties in the coming war against terrorism and, in his bluntest language since last week's attacks on New York and Washington, said he wants Osama bin Laden brought to justice "dead or alive." "We will win the war and there will be costs," Bush said after a meeting with Pentagon officials that was described as a review of his earlier deci- sion to call up 35,000 military reservists to help in air patrols around major cities, intelligence gathering and engineering projects. He said the military "is ready to defend freedom at any cost." On a day when Americans went back to work, the stock markets reopened and Major League Baseball resumed play for the first time since the terrorist attacks, Bush described the perpetrators as "evildoers" and "barbaric people." Those har- boring bin Laden and his network, Bush said, should be "on notice" that they will not escape the wrath of the United States and the interna- tional coalition his administration is working to build. Secretary of State Colin L. Powell said "the first round" of the war against terrorism will be aimed specifically at those who launched last week's attacks. He emphasized that it is "becom- ing clear with each passing hour" that the al Qaeda terrorist network is the prime suspect and that "all roads lead to" bin Laden, the organiza- tion's leader, "and his location in Afghanistan." But Powell said the nation should be prepared for a "long-term campaign" against worldwide terrorism that will include legal, political, diplo- matic, law enforcement and intelligence-gather- ing components - as well as military action. "What we have to do is not only deal with this present instance but the whole concept of terror- ism, deal with it as a scourge upon civilization and go after it," he said. U.S. officials continued their intensive diplo- matic campaign to build international support for military actions and other moves as they awaited word on a Pakistani delegation's trip to Afghanistan to urge that the Taliban leaders turn over bin Laden. Powell plans to meet tomorrow or Thursday with Prince Saud Faisal, Saudi Arabia's foreign minister, as investigators reported that 14 of the 19 suspected hijackers have links to that country. Calling the Saudis friends of the United States, Powell said of the foreign minister, "I expect he will be forthcoming and I expect he will be com- ing with a message of support and commitment." As another sign of the growing intensity of preparations, White House officials said Bush will discuss the crisis at a working dinner tonight with French President Jacques Chirac. The presi- dent will meet tomorrow with Indonesian Presi- dent Megawati Sukarnoputri, who leads the world's largest Muslim nation, and on Thursday with British Prime Minister Tony Blair. The visits by Chirac and Megawati were scheduled before the current crisis but the visit by Blair, who has been one of the staunchest and most outspoken allies of the administration in the See WANTED, Page 7 Stocks plunge on reopening of Wall Street By Ted Borden Daily Staff Reporter Major stock indexes posted heavy losses yesterday on the first full day of trading since last Tuesday's terrorist attacks on New York and Washington closed Wall Street for the longest period since the Great Depression. Despite the Federal Reserve lowering interest rates early yesterday morning by half a percentage point, to 3 percent, at the end of the trading session, the Dow Jones index of blue-chip stocks was down 7 percent to 8,920.70. The 684.81 point loss was the Dow's biggest drop ever, while the technology-heavy Nas- daq index fell 115.83 points to a new 52-week low of 1,579.55. In total, more than 2.3 billion shares were traded on the Dow, a new record, while the index dropped below 9,000 for the first time in 2 1/2 years. The airline and insurance industries were hit especially hard, with news that airlines expected to post heavy losses and that the World Trade Center bomb- ings could cost insurance companies up to $30 billion. Airline shares fell as much as 65 percent, erasing $12.2 bil- lion in market value. US Airways, the nation's sixth-biggest carrier, said it would cut 11,000 jobs and reduce its schedule by 23 percent. "What you're seeing is a reaction to concern over what effects the terrorist attacks will have on our economy" said Jon Schmitz, director of equity strategy at Fifth Third Bank, a bank that has become a major player in the Midwest market after its acquisition last year of Grand Rapids-based Old Kent Bank. "The market is anticipating that because we already have a slowing economy, this will slow it even more," Schmitz said, adding that investors are relatively ralm. "History tells us that over the past 60 years, markets have had negative reactions but have always tend- See MARKETS, Page 7 The famous statue of the Wall Street Bull Is decorated with American flags yesterday as members of the National Guard continue to patrol the neighborhood. The stock market reopened yesterday for the first time since the Sept. 11 terrorist attack on the World Trade Center, with investors sending stocks reeling. Back to busiess butfarfrom normal Los Angeles Times NEW YORK - In some ways, it could have been any weekday, with the suited masses riding suburban trains, the subways disgorging the workaday hordes, and the great swarms of workers waiting at the elevator. doors. But yesterday was a day unlike any other, with New Yorkers seized by an aching desire - a primal need - for the routine, the familiar, the ordinary. And it was all so hard to find. In the freshly reopened financial district, there were checkpoints and traffic snarls, smoke and stink and barricades. Some of the police toted automatic rifles. National Guardsmen wearing gas masks patrolled the canyons of Wall Street. Yellow police tape flowed like confetti. It seemed every other person wore a paper "It's sort of spooky seeing five brokers and 800 policemen3' - Angelo Pomes Stockbroker dust mask. In the end, getting back to the business of business was traumatic. The World Trade Center, an icon of American capitalism and commerce, had been gone for six full days. Gone, too, was the bedrock assump- tion that you go to work every day and return home safely each night. Things were different now, and everybody knew it. "It's sort of spooky seeing five brokers and 800 policemen," said Angelo Pomes, of the brokerage firm Prosperitas Management. Jimmy Reilly, 41, a stockbroker hustling to work, saw the upside. "It's good to be alive," he said. Danny Debetta, 24, a stock exchange floor clerk awaiting the market bell, had a bad feeling. He thought it was too soon to bring the markets back. "The mood's not good," he said. Moments later, the day began badly and ended worse. The New York Stock Exchange dropped 143 points eight minutes after rescue workers rang the opening bell - and then plummeted 684 points by day's end. But even the largest point drop in history seemed to See BUSINESS, Page 7 Dow Jones industrial; average 8,020.70 9,100 . 1710 ponts ous - Nasdaq composite index cose 1,579.55 1,560 9:30 a.m. 10:30 11:30 12:30 1:30 2:30 3:30 4 p.m. SOURCES: Yahoo.com, compiled from AP wire reports AP Humanistic service brings faiths together By Jordan Schrader For the Daily In a somewhat non-traditional way of cele- brating the Jewish New Year, people of many faiths last night attended a Humanistic heal- ing service that emphasized the importance of service and unity. Humanistic Judaism is a religion primarily based on Jewish culture rather than ceremo- ny. Shaina Liberson, an LSA sophomore who helped plan the event, said its draw is that the religion is open to everyone. "It's not focused on believing in God, but more about helping each other and believing in yourself" Liberson said. The service featured as its keynote speaker Prof. Ralph Williams, associate chair of the University's English department. Williams said Humanistic Judaism is not a denial of God, but rather an acknowledge- ment "that moral choice must take place as though God were not a given." Williams added. In light of the terrorist attacks on New York City and Washington last week, he said, these ideals are especially significant. "We have seen evil calling for evil," he said. "I urge you to answer in the face of that call for evil, 'I will make the world new and fresh, and we will love."' He told the audience that, although "the world seems made for unhappiness" after the last week, each person can do good in the coming year. Accompanied by the music of drums, a violin and a clarinet, Social Work student Greg Epstein led the congregation in the chanting of Hebrew hymns, both traditional and newly adapted. Epstein is a leader of and adviser to the University's Humanistic Havu- rah, the group that sponsored the event. A bowl of water was passed around the audience and many people washed their hands in it, an act Epstein said symbolized Universities nationwide help victims By Maria Sprow Daily Staff Reporter Drives in Ann Arbor to raise money and collect blood for victims of the terrorist attacks in New York and Washington are only a small part of the relief efforts going on at universi- ties and colleges from coast to coast. "There have been so many outpourings of support in so many ways," said Michelle Hudgins, spokeswoman for the American Red Cross. Hudgins said each of the 1,100 chapters of the Red Cross nationwide have been successful in their efforts. "It's the staff and volunteers in the field that are making it happen," she said. "Every day (they) are surpassing its capa- bility and previous records." Hudgins said support has been so numerous and over- whelming that it would be impossible for the Red Cross to determine which universities have made the biggest contributions since every school is making massive efforts. ABBY ROSENBAUM/Daily