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  • dillydally222 dillydally222 Nov 16, 2005 12:15 PM Flag

    Bankruptcy is Strong Possibility

    It would have been nice if we could actually go up for once, but unfortunately the charts indicate we need to retest the $22.75 area, then it will either form a double bottom or head lower, looking at all the bad news we will probably not be able to hold support there but we can hope. This stock is always pushed down by the moving averages. So it doesn't look good unfortunatly the charts don't lie.

    In other news..

    (Nov. 15) - More than a month after the official search for victims of Hurricane Katrina ended, the death toll in Louisiana has jumped by 104 as returning families in the New Orleans area continue to find bodies.

    Storms Put Focus on Other Disasters in Waiting

    By DEAN E. MURPHY, The New York Times

    Officials in California worry about the collapse of aging levees in the delta of the Sacramento and San Joaquin Rivers, which might allow surging seawater to contaminate much of the state's drinking water supply.

    A major concern in Seattle is the seismic vulnerability of the Alaskan Way Viaduct, a busy elevated highway in such peril that weight and lane restrictions were imposed on buses and trucks.

    In Montana, Idaho and Wyoming, there is the recurring danger of a volcanic eruption at Yellowstone National Park, while in Florida, attention has turned anew to cleaning up Lake Okeechobee, which sends polluted water into nearby rivers during heavy rains and floods.

    While the problems are mostly well known, the devastation from the Gulf Coast hurricanes is serving as a strong reminder that possible disasters could lay waste to cities and states across the country. People are calling government offices about emergency preparedness, long-forgotten plans are being dusted off and reassessed, and lawmakers are holding hearings about vulnerabilities and whether efforts to address them go far enough.

    "Katrina woke us up again," said Susie Stonner, a spokeswoman for the State Emergency Management Agency in Missouri, where flooding along the Mississippi River in 1993 caused billions of dollars in damage but where building in flood plains has resumed. "Since 9/11 most of our efforts have been focused on terrorism, and it's time to start thinking we have natural disasters, too."

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