javascript functions conflicts

Question

I have these scripts for my website but only one function works at a time, whichever code is close to head tag works fine. what is a solution to work both function with out any conflict.

CODE IS GIVEN BELOW:

<script type="text/javascript" src="demo_files/jquery.js"></script>
    <script type="text/javascript" src="demo_files/jquery.vticker-min.js"></script>
    <script type="text/javascript"> 
    $(function(){
        $('#news-container').vTicker({ 
            speed: 500,
            pause: 3000,
            animation: 'fade',
            mousePause: false,
            showItems: 3
        });
            $('#news-container1').vTicker({
            speed: 700,
            pause: 4000,
            animation: 'fade',
            mousePause: false,
            showItems: 1
        });
    });
    </script> 
    <style type="text/css">
    body{ font-family:Verdana, Arial, serif; font-size:14px;}
    </style>
    <link media="screen" rel="stylesheet" href="colorbox.css" />
    <script src="http://code.jquery.com/jquery-latest.min.js" type="text/javascript"></script>
    <script src="jquery.colorbox-min.js" type="text/javascript"></script>
    <script type="text/javascript">
    $(function()
    {
        $(window).bind('load', 
            function(e) 
            {
                $.colorbox({opacity:0.3, href:"offer.html"}); 
            });
    });
    </script>

Answer 1

Long Answer: It's because you are including jQuery twice, once right at the top, and again about half way down (a minified version).

The second time you include the library, the $ object will be redefined, overriding the existing instance. Any code attached the $ object when this happend, such as events and plugins, will be lost.

Short Answer: Remove the second copy of jQuery, it should work then.