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");
    }
}