2A - The Michigan Daily - Monday, September 24, 2001 NATION/WORLD 4 raders plan for more uncertainty NEW YORK (AP) - Still recuperat- ing from one of Wall Street's worst sho'wings ever, investors are preparing for another week of uncertain stock trading. i With the economic fallout from the terrorist attacks still being assessed and the prospect of military action, many investors and analysts expect more, bumpy sessions. Even news of a $15 billion govern- . ment aid package for airlines wasn't guaranteed to improve sentiment in a market troubled even before the attacks. "We're just in for some rough eco- nomic times over the short-term," said John Broussard, an assistant professor of finance at Rutgers University's School of Business. "This is a time when the basic economic fundamentals did not look good to start with, and these attacks did not help. "Investors are just nervous." Uncertainty last week translated into double-digit percentage declines on the major market indexes. It was the biggest point loss and the fifth worst week ever for the Dow Jones industri- als, which dropped 1,369 points over five sessions. Before the Sept. 11 attacks, such strong selling might have signaled that a market turnaround was imminent. Investors, finally convinced that the market had done all the selling it was going to do, might have swooped in to buy stocks at the lowest prices seen in three years. But that has yet to happen. With troops mobilizing, military equip- ment headed to the Persian Gulf and President Bush talking about a war on terrorism, the economic climate has changed. * -~- h. ~i1 ill Bikini Waxing " Full Leg Waxing (Brazilian waxing available) Facials CLOSE TO CAMPUS WITH PLENTY OF FREE PARKING. 16 make an appointment call: 913-5557 NEWS I1N RIF~ .JERUSALEM Sharon calls off talks, demands calm Despite a decline in Mideast violence, Israeli Prime Minister Ariel Sharon called off long-awaited truce talks yesterday and said Yasser Arafat must bring a complete halt to Palestinian attacks before any discussions can begin. Angry Palestinians called the move "irresponsible," saying it under- mined efforts by the United States and other foreign governments to calm tensions in a region wracked by a year of fighting. Arafat, the Palestinian leader, declared a cease-fire Tuesday, and Israel immediately announced a halt to offensive military operations. Since then, one Palestinian and one Israeli have been killed. The sides have exchanged fire on several occasions, and Palestinian militants have fired mortars in the Gaza Strip, but the level of violence has dropped. However, Sharon is insisting on a full 48 hours without any unrest. "These meetings can take place once there will be full cessation of terror and hostilities," he said in an interview with the Fox News Channel. "We did not ask too much." Arafat and Israeli Foreign Minister Shimon Peres have been trying to arrange a meeting for a month and had planned to meet yesterday. WARSAW, Poland Leftist party takes most parliament seats A leftist party with roots in Poland's former communist regime won a majority in parliamentary elections yesterday, according to exit polls that also indicated the political extinction of Solidarity. Solidarity - the party that led Poland out of communism 12 years ago but has splintered to a remnant of its former self under a string of defections, infighting and corruption scandals - failed to get any seats, according to two separate exit polls. If the results hold, Democratic Left Alliance and its small ally, the Labor Union, will have won an outright majority in the 460-seat Sejm, parliament's lower house. Exit polls by the private polling agency PBS showed the Democratic Left bloc with 44.9 percent of the vote, representing 231 seats. A separate exit poll by the pri- vate OBOP agency showed the party winning 240 seats. Solidarity, which needed 8 percent to stay in parliament, won just 4.5 percent, PBS said. Cheers went up in the headquarters of the Democratic Left Alliance as the results were posted. Party leader Leszek Miller, 55, who is poised to become Poland's next prime minister, was on his way back to Warsaw from his hometown, Lodz. I If jou think ' re pregnan. Ca ifr-Wei sten, we care. PROBLEM PREGNANCY HELP 975-4357 Any Urne, any day, 24 hours. Ufly contidentIM4, Servingj $tudent% since I897O, L University Studies Abroad Consortium Your Gateway to the World lic * Many programs offer Intensive Language Courses in Spanish, French, German, Basque, Thai, Danish, Hebrew, Czech, Italian and Chinese * University credit - Scholarships available * Semester, yearlong and summer programs available - Wide range of academic courses in small class sizes - Enjoy field trips, excursions and optional tours http://usac.unr.edu Y email: usac@ ul nr.edu University of Nevada USAC/323 Reno, NV 89557-0093. 775/784-6569 RI Poll finds Europeans support war on terror A majority of people in several Euro- pean countries and Israel want their nations to take part in a well-planned' military action against the terrorists behind last week's attacks against the United States, two new polls suggest. Some 79 percent of British adults and 73 percent of French adults surveyed in the Taylor Nelson Sofres poll said their nations should cooperate in a U.S.-led military campaign aimed at the master- minds of the Sept. 11 attacks. The poll was carried out by Gallup International Association and published Wednesday in the French newspaper Liberation. More than half of Germans polled, or 53 percent, said they would support a role in a U.S. military anti-terrorism campaign, as did 66 percent of Italians and Israelis, 80 percent of Danes, and 58 percent of Spaniards and Norwe- gians. ' BARI, Italy Robbers steal $4.6 illion n euro coins Robbers in masks and bulletproof vests broke into a postal depository Sunday, stealing about $4.6 million in new euro coins yesterday - the second euro theft so far. The robbery in the southern Italian port city of Bari came several weeks after an armored truck was held up in Germany. The euro will replace local currencies as legal tender in 12 Euro- pean Union countries on Jan. 1. The thieves Sunday broke into the building using a wrecking ball and fled after an alarm sounded and guards rushed to the high-security depository, where the coins were awaiting distribution to banks and post offices throughout the Puglia region, said Salvatore Barilaro, a police spokesman. The guards arrived within two min- utes, Barilaro said, preventing the rob- bers from stealing even more. LOS ANGELES Napster closes in on licensing deal Taking another key step toward legitimacy, the embattled Napster Inc. online song-swapping service is poised to strike a sweeping licensing deal with the-agency representing most U.S. music publishers, sources said. The company could announce as early as today an agreement with the. Harry Fox Agency, an arm of the National Music Publishers Associa- tion. The licensing deal would clear the way for Napster to launch a new, fee-based service that compensates artists, songwriters and labels when their works are copied. A spokeswoman for Napster declined to comment on the pending deal, and officials at the Harry Fox Agency could not be reached. Terms of the deal were not available, nor was there any indication whether the deal would settle the publishers' copyright- infringement claims. - Compiled from Daily wire reports. 4 "hailand * - 4 The Michigan Daily (ISSN 0745-967) is published Monday through Friday during the fall and winter terms by students at the University of Michigan. Subscriptions for fall term, starting in September, via U.S. mail are $100. Winter term (January through April) is $105, yearlong (September through April) is $180. On-campus subscriptions for fall term are $35. Subscriptions must be prepaid. The Michigan Daly is a member of The Associated Press and The Associated Collegiate Press. 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