European Stars and Stripes (Newspaper) - March 16, 2007, Darmstadt, Hesse                                Pages Star Sand stripes Friday March 16 2qq7 in the states Wall Street stumbles Over mortgage woes by Tim Paradis the associated press new York stocks whip sawed wednesday As the Dow industrials briefly fell below the 12000 Mark for the first time since nov 6 before recovering and holding onto gains stocks bounced Back and Forth a Day after concerns about faltering subprime mortgage lenders sparked a Broad Selloff in stocks Block inc had added to Wall streets uneasiness by announcing after the closing Bell tuesday its fiscal third Quarter losses would Rise because of a million write Down at its mortgage Arm the anxiety Over mortgage lenders particularly the subprime lenders that make Loans to people with poor credit pushed the Dow Down by More than 240 Points tuesday its Sec on biggest drop in nearly four years such concerns jostled stocks for much of wednesdays session i think the Market got below 12000 and buyers came in said Todd Leone managing director of equity trading at Cowen co in late afternoon trading the Dow Jones Industrial average re covered from a decline of about 136 Points rising 4591 or 038 percent to 1212187 the Dow first climbed above the 12000 level on oct 18 after a meandering year journey from the 11000 Mark during that time Wall Street dealt with the Dot Corn bust recession and the aftermath of the 2001 terror attacks tuesdays drop echoed a 416point drop in the Dow seen two weeks ago that began in part after a nearly 9 percent drop in stocks in Shanghai and amid con Cerns about subprime mortgages broader Stock indicators also Rose wednesday afternoon the Standard poors 500 Index advanced 726 or 053 percent to 138521 and the Nash a compos Ite Index Rose 1398 or 059 per cent to 236455 Bonds fell As stocks bandied about the yield on the Bench Mark 10year Treasury note Rose to 452 percent from 450 percent late tuesday Gold prices fell Light Sweet crude settled up 23 cents at per barrel on the new York mercantile Exchange i think people right now dont know what to make of this mar Ket said Larry Peruzzi senior equity trader at the Boston com Pany asset management you look like a hero right now if you bought when the Dow was Down 120 Points and if you sold you Senate agrees to begin debate Over War in Iraq by Anne Flaherty the associated press Washington breaking a parliamentary Roadblock the sen ate on wednesday began its first formal debate on the Iraq War since democrats took control of Congress taking up a measure calling for president Bush to with draw combat troops by the end of next March the White House swiftly issued a veto threat the 899 vote paved the Way for consideration of the democratic legislation which would Start troop withdrawals within four months and Calls for but does not require the Complete re Moval of combat troops by the end of March 2008 the vote came after Many republicans abandoned the tactic they had used earlier this year to twice pre vent the Senate from considering legislation aimed at forcing an end to the War despite the vote most republicans opposed the democratic Bill and it was expected to eventually fall Short of the 60 votes it will need to pass even so the debate would give democrats a Chance to put republicans on record As opposing a timetable on the War at a time when most american voters oppose the conflict this is the message the Ameri can people delivered to Congress on nov 7 2006 and this is the message we must Send to presi Dent Bush said Senate majority Leader Harry Reid referring to an election Day in which democrats captured both Chambers the Senate breakthrough came after republicans abandoned de mands for assurances that a de Bate on the War include consideration of various party proposals including a Resolution vowing to protect funding for troops fear Ful such a measure would under Cut the Antiwar message democrats wanted Senate democrats had refused but confident the latest demo cratic proposal would fail republicans agreed to let debate begin the Resolution language states that whereas United states troops should not be policing a civil War and the current conflict in Iraq requires principally a political solution the president shall commence the phased redeployment of United states forces no later than four months after enactment of the Resolution with the goal of redeploying by March 312008 the White House said the Reso Lution infringes upon the constitutional authority of the president As commander in chief by imposing an artificial timeline to with draw us troops from Iraq regardless of the conditions on the ground or the consequences of de feat according an administration statement forty republicans 47 democrats and two independents voted to begin debate while nine re publicans opposed two senators did not vote Richard traders Edward Radziewicz left and Tommy Kalikas work on the floor of the new York Stock Exchange on wednesday anxiety Over mortgage lenders particularly subprime lenders that make Loans to people with poor credit pushed the Dow Down by 240 Points tuesday its second biggest drop in nearly four years look like a Goat after tuesdays big decline the Market appeared to have been awaiting further economic data for signals about the Economys health and whether an interest rate Cut might be in the offing lower interest rates would make Access to capital cheaper and per haps inject strength in the housing Market the drop in us stocks occurred As stocks in Europe closed sharply lower apparently seeing Little room for optimism us markets would rebound hear from sometimes the Best cure for the homesick blues is s or perhaps some Rock country or standup 1951 it has been the Mission of armed forces entertainment to bring of Home to those stationed away from Home for More information on  scheduled for your to Nate As Well As free Muse downloads go to  coming to a theater near you