DEBKAfile: The Annapolis (false) Peace Summit is set for November 26
US secretary of state Condoleezza Rice decided Monday, Nov. 5, to set a date for the Middle East peace conference in Annapolis, Maryland she has been promoting. It will take place on Nov. 26 even though her talks in Jerusalem and Ramallah with Israeli and Palestinian leaders uncovered assent on only one small point: both sides agree that the event need not be preceded by accord on all the core issues of the dispute.

IDF official: Iran could have nuclear weapons by 2009
"Iran's conservative sect is gaining power. The Iranian regime is faced with internal issues, but there is no danger to its existence or stability. Assuming no difficulties are mounted against it, the worst case scenario is Iran obtaining nuclear arms by 2009."

Markets fear banks have $1 trillion in toxic debt
A new phase in the credit crunch, one of “$1 trillion losses” seems to be dawning. The crisis at Citigroup and renewed doubts about some of the world’s leading banks disquieted stock markets on both sides of the Atlantic yesterday, with the fractious mood set to continue.