While Iran and North Korea at one time were feared to be capable of utilizing nuclear arms, the greater danger today has to do with terrorism and dirty bombs, that is, standard explosives spiced with nuclear wastes. In time, an actual Atomic Bomb could well be within the capability of a well-financed group, and it is logical to predict that biological weapons could well become an even more dangerous alternative.
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While the 1972 Biological Weapons Convention signed by most countries outlaws the creation and stockpiling of germ warfare weapons, amazingly, it does not prohibit their usage. Not that this would make much of a difference for renegade organizations. Russia kept building bio-weapon stockpiles until 1992, and it is suspected that the number of countries capable of producing biological weapons has increased since then.
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The Dow Jones Industrials fell 196 to 8565, rightfully concerned about the auto bailout package, for at 10PM D.C. time, Senate Leader Harry Reid acknowledged that agreement could not be reached. The Friday Asian markets subsequently significantly declined. The options are four: (1) Senate Republican reconsideration tomorrow; (2) congressional failure, but White decision to pull funds from the $700 TARP funds; (3) bankruptcy by GM, and probably Chrysler, too; or (4) bare survival and help in the next Congress next month. Crude oil price increased almost $2/barrel to $45.62. Gold rose $10/toz to $820.
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