The US is “indispensable”

Over 800 Iraqis killed in October
Salam Faraj
Thu, 01 Nov 2007

The number of Iraqis killed in insurgent and sectarian attacks rose in October, according to government figures obtained on Thursday, in a blow to a nine-month-old US troop surge policy.

At least 887 Iraqis were killed last month, compared to 840 in September, according to the data compiled by the interior, defence and health ministries. As in previous months, the dead were overwhelmingly civilians, with 758 reported killed against 116 policemen and 13 soldiers.

CrisisWatch N°51
1 November 2007

Nine actual or potential conflict situations around the world deteriorated in October 2007, according to the new issue of CrisisWatch, released today.

U.S. Stocks Drop, Led by Merrill Lynch Shares; Citigroup Falls
By Eric Martin

Nov. 2 (Bloomberg) — U.S. stocks dropped for a second day as Merrill Lynch & Co.’s biggest decline in six years reinforced concern over the extent of credit losses for banks.

Merrill Lynch, the world’s biggest brokerage, led financial shares to their lowest level in two years after Deutsche Bank AG said writedowns for subprime losses may rise to $10 billion. Citigroup Inc., the largest U.S. bank, declined to a four-year low, while Washington Mutual Inc., the biggest U.S. savings and loan, tumbled to its lowest since 2000.

“There’s a lot of worry out there as far as where is the bottom on financials,” said John Wilson, co-director of equity strategy at Morgan Keegan & Co., which manages $120 billion in Memphis, Tennessee. “Are there other shoes waiting to drop?”

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