Sunday Evening: In the News & Around the Blogosphere

Pictured: Hosts of Eurovision 2006 co-hosts American actress Maria Menounos and Sakis Rouvas. Story below.

Saudis Preparing for another "9/11" in the USA?

The next Hani & Atta? That's what you may come away thinking after reading Michelle Malkin's post "SOMETHING DOESN'T SEEM RIGHT..."


Break in the Natalee Holloway Case?

Dutch police have reportedly arrested an Aruban National on suspicion of participating in the kidnapping and killing of Natalee Holloway in May of last year. Attorney Gerard Spong said his client, whose name was not disclosed, was accused of "assisting in the murder, heavy battery and kidnapping" of Holloway.

NOS Netherlands earlier reported police in Utrecht had arrested the suspect, said to be an acquaintance of Joran van der Sloot, another suspect in the case. (AP)

Lordi Eurovision Victory!

Biggest news across Scandanavia: Finland's Lordi (Mr. Lordi is pictured) wins Eurovision 2006 in Athens! Lordi's Eurovision number, "Hard Rock Hallelujah", is a great sing-a-long tune with a very strong chorus and all the necessary attributes for a classic rock song. Despite being known as "The Finnish Kiss," Lordi spiced up an otherwise shabby competition one blogger described as a "Euro-bum's version of American idol."

Bloggers flock to Times article (again!)

"The Rove Da Vinci Code" is the latest NY Times article attracting bloggers' attention, and once again, more bloggers are simply republishing the article rather than offering original thought or commentary to gao along with it!

Impending Doom for Wall Street?

A report by Barclays Capital says the run-up to the 1987 crash was characterised by a widening US current-account deficit, weak dollar, fears of rising inflation, a fading boom in American house prices, and the appointment of a new chairman of the Federal Reserve Board.

All have been happening in recent months, with market nerves on edge last week over fears of higher inflation and a tumbling dollar, and the perception of mixed messages on interest rates from Ben Bernanke, the new Fed chairman.

"We are very uncomfortable about predicting financial crises, but we cannot help but see a certain similarity between the current economic and market conditions and the environment that led to the stock-market crash of October 1987," said David Woo, head of global foreign-exchange strategy at Barclays Capital.

Apart from the similarities in economic conditions, during the run-up to the 1987 crash there was a sharp rise in share prices worldwide and weakness in bond markets, Woo pointed out. "Market patterns leading to the crash of 1987 resemble the markets today," he said.

Equity markets settled on Friday after sharp mid-week falls, with all the main American stock-market measures recording small gains on the day. (UK News services) Does this mean that a crash is coming soon? I can smell it in the air, but I think a blockbuster event, like a terrorist attack on the oil supply resulting in gasoline rising to 4 or 5 dollars a gallon will trigger it... or maybe just a "panic" selling spree on Wall Street... any speculators out there as to how and when?

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