$(function(){
  function newsFader(){
    if($("li","div#newsTicker ul").length==1) return false;

    $("li","div#newsTicker ul").each(function(i){
      $(this).attr("id","news-"+i);
      if(i!=0) $(this).hide();
    });

    var start = count = 0,
    end = $("li","div#newsTicker ul").length-1,
    interval = 7000,
    fadeTimer = setInterval(function(){
      $("li#news-"+(start==1 ? count==0 ? end : count-1 : count)).hide();
      $("#news-"+(start==1 ? (++count)-1 : ++count)).fadeIn("slow");
      if(start==0 && count>=end){
        count = 0;
        start = 1;
      }else if(start==1 && count>end){
        count = 0;
      }
    },interval);
  }
  newsFader();
});