Turner Broadcasting may accept Time Warner's takeover bid this week
to form the world's largest media company. Turner's board was
expected to meet as early as last night to vote on the $8 billion
deal. Approval was expected, in part because of the recent spate of
industry mergers. The deal had flagged in recent days, but several
concessions to Tele-Communications Inc. head John Malone apparently
broke the logjam. These included changing Time Warner's bylaws to
allow Malone to buy a large stake in the new firm.
Anthony "Tony Buck" Piccolo, and Vincent "Al Pajamas" Pagano were
among the eight reputed Philadelphia crime bosses who went on trial
yesterday. They are charged with a range of crimes from murder to
extortion. Piccolo had reportedly been backed by New York's Gambino
crime family and Italy's Sicilian mafia. Prosecutors were armed
with hundreds of secretly recorded conversations in which
defendants discuss in gruesome detail ways to kill their rivals.
The US will open 20 tons of nuclear bomb-building material to UN
inspection, the administration said yesterday. The move came in
Vienna as the US pushed other nations to sign the Nuclear
Shuttle Endeavour landed in Florida yesterday. After spending much
of 11 days fixing balky high-tech satellites, astronauts spent the
last few hours in space fixing the most mundane of problems:
plumbing. A clogged filter had jammed the shuttle's pipes.
Hurricane Marilyn was moving toward Bermuda yesterday, as the
island readied itself for 100 m.p.h. winds. It was not expected to
hit the US mainland. In the Virgin Islands, shop owners tried to
stop looting while authorities attended to more pres-sing needs:
cleaning up after 80 percent of the island's buildings were
The Senate's welfare-reform bill was expected to pass last night.
It would end federal guarantees of cash assistance, send funds in
block grants to states, curb spending by $70 billion over seven
years, and spend $8 billion for child care. It would need to be
reconciled with a conservative House bill backed by Senator Gramm.
The House plan would cut spending by $122 billion and ban benefits
to underage unmarried mothers and to children born to welfare moms.
Senator Gramm won a straw poll of GOP women in Albuquerque, N.M,
Sunday. He got 35 percent of 1,200 votes at the National Federation
of Republican Women's meeting. The results were partially based on
who attended. Gramm brought his wife, Wendy. Lamar Alexander, who
got second place, attended. Dole, who got third, did not.
Should the government tell farmers what to plant? The GOP's
"Freedom to Farm" plan would allow farmers freedom in choosing
their crops and would cut $13.4 billion from federal agriculture
subsidies by 2002. It would scrap the current crop-subsidy system
and slowly phaseout crop payments. The plan, which Speaker Gingrich
backs, is to be taken up by the House Agriculture panel tomorrow.
The Republicans' "narrow extremist message" is Clinton's biggest
reelection edge, Vice President Gore told Democratic supporters in
weekend speeches. Recent polls, he said, show voters are leery of
turning more power over to the Republicans.
"The black community is ripe" for a renewal, Nation of Islam leader
Louis Farrakhan said Sunday at a speech in Anacostia, Washington,
D.C.'s poorest neighborhood. Black Americans have themselves to
blame for high poverty, joblessness, and crime rates, he said, but
the government has aided the decline by allowing corporate America
to move jobs abroad. Solutions to the community's woes include lack
of pride, which he hopes to rectify during a Million Man March next
month in the capital.
Croat troops and their Muslim allies have carved up Bosnia in
recent days along the lines of a US-sponsored peace plan, UN
officials said yesterday. But further expansion toward Banja Luka
could collapse the plan: If Serb losses continue, they might break
off negotiations and send the Serb-led Yugoslav Army to Bosnia, the
officials added. …