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Investor's Business Daily

| October 03, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

House Passes Resolution On Iraq

1The tough measure backing military force went straight to the Senate for approval. Iraq, refusing unfettered access to presidential palaces, rejected a similar U.S.-backed U.N. resolution on arms inspections. Washington pressed its case that it's time to end the threat of illicit arms from Saddam Hussein. Russia signaled a slight shift toward the U.S. More on this page

Labor Issue Stifles Homeland Bill

2A measure to create a Homeland Security Dept. lost momentum, and it may not pass this year. This week the Senate again failed to muster 60 votes to end debate. The dividing issue was President Bush's demand to waive union bargaining contracts for the 170,000 workers in the new agency. Democrats want to impose conditions on a waiver.

Port Talks Off; Impact Spreading

3With Wednesday's talks called off, longshoremen's union leaders contemplated their next step. More businesses were pinched by the shutdown of all West Coast ports. A trucking group asked the White House to step in and end the lockout. A joint GM-Toyota auto plant in Fremont, Calif., closes today due to parts shortages.

Stocks Sink Again On War Fears

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