window.addEvent('domready', function() {
        
        var timeout = function() {
            var hor = new Ticker('slidenews', {speed: 500, delay: 5000, direction: 'vertical'})
        };
                           
        var etime = $('slidenews');
        var items = etime.getChildren('div');
        var w = 0;
        var h = 0;
        
        w = etime.getSize().x;
        items.each(function(li, index) {
            h += li.getSize().y;
        });

        etime.setStyles({
            position: 'absolute',
            top: 0,
            left: 0,
            width: w,
            height: h
        });
        
        var pos = items[1];
        etime.setStyles({
            top: -pos.offsetTop + 16,
            left: -pos.offsetLeft
        });
        
        items[0].injectInside(etime);
        etime.setStyles({
            left: 0,
            top: 0
        });
                    
        items[1].injectInside(etime);
        etime.setStyles({
            left: 0,
            top: 0
        });                  
                
        timeout.delay(5000);

    });

    var Ticker = new Class({
        setOptions: function(options) {
            this.options = Object.extend({
                speed: 1500,
                delay: 5000,
                direction: 'vertical',
                onComplete: Class.empty,
                onStart: Class.empty
            }, options || {});
        },
        initialize: function(el, options) {
            this.setOptions(options);
            this.el = $(el);
            this.items = this.el.getChildren('div');
            var w = 0;
            var h = 0;
            if (this.options.direction.toLowerCase() == 'horizontal') {
                h = this.el.getSize().y;
                this.items.each(function(li, index) {
                    w += li.getSize().x;
                });
            } else {
                w = this.el.getSize().x;
                this.items.each(function(li, index) {
                    h += li.getSize().y;
                });
            }
            this.el.setStyles({
                position: 'absolute',
                top: 0,
                left: 0,
                width: w,
                height: h
            });
            this.fx = this.el.set('morph', { duration: this.options.speed, onComplete: function() {
                var i = (this.current == 0) ? this.items.length : this.current;
                this.items[i - 1].injectInside(this.el);
                this.el.setStyles({
                    left: 0,
                    top: 0
                });
            } .bind(this)
            });
            this.current = 0;
            this.next();
        },

        pause: function() {
            $clear(mytimer);
            mytimer = null;
        },
        resume: function() {
            if (mytimer == null) {
                this.next();
            }
        },
        next: function() {
            this.current++;
            if (this.current >= this.items.length) this.current = 0;
            var pos = this.items[this.current];
            this.el.morph({
                top: -pos.offsetTop + 16,
                left: -pos.offsetLeft
            });
            mytimer = this.next.bind(this).delay(this.options.delay + this.options.speed);
        }
    });