var newsitems;
	var curritem=0;
	var iPause=0;	
	
	$(document).ready(function(){
	    var tickerSelector = "ul#ticker li";
	    newsitems = $(tickerSelector).hide().hover(
	        function(){
	            $(this).addClass("hovered");
	            iPause=1;
	        },
	        function(){
	            $(this).removeClass("hovered");
	            iPause=0;
	        }
	    ).filter(":eq(0)").show().add(tickerSelector).size();
	    setInterval(ticknews,4000); //time in milliseconds
	});
	
	
	function ticknews() {
	  if (iPause==0){
	    $("#ticker li:eq("+curritem+")").fadeOut("slow",function(){$(this).hide();});
	    curritem = ++curritem%newsitems;
	    $("#ticker li:eq("+curritem+")").fadeIn("slow");
	    }
	}