Show ' A2— The Herald Journal Logan Utah Wednesday July 24 2002 D Nation " 'V I I WASHINGTON (AP) — The Senate on Tuesday scuttled rival bills to provide Medicare prescription ding coverage — one backed chiefly by Democrats the other principally by Republicans — in a standoff with implications for the fall campaign Senate Majority Leader Tbm Daschle D-S-D and some Republicans said they hoped for a final stab at compromise but the twin votes largely along party lines left the fate of the legislation in doubt The first bill to fall was a measure backed by Democrats It would have created a new gove- the Senate's budget rules and die vote was 32 47 eight short of the 60 needed to advance Next came legislation crafted by Republi- cans aligned with a small group of Democrats and Sep James Jeffords of Vermont the Senate’s only independent Challenged by Democ12 short of the rats it fell on a vote of 1 60 needed That plan envisioned a less expensive program than the Democratic blueprint with coverage offered through private companies at a cost estimated at $340 billion The measure devoted an additional $30 billion to create an optional alternative to traditional Medicare Under the proposal seniors could choose to enroll in a plan mat requires payment of a single deductible expense of a few hundred dol- 48-3- prescription drug benefit for the 34 million older Americans under Medicare at a cost estimated at $394 billion over several A years Republicans challenged the measure under rnment-run ice ’ ?' r - v - v ' VA V x - ' vX ' -- 'Vi r ' J (ra$s::MD§ 'TT i v Ian annually for coverage of hospital stays and C-- y v Y voices— voices on that side of theaisle-th- at other services such as doctor visits The proargued against Medicare He’d have fit m posal includes coverage for services not right in” Harkin said Nickles standing a few feet away on the presently eligible for Medicare payment Both bills offered government prescription Senate floor shot back “I wonder why you’re Jj drug subsidies for patients as well ' guessing what I might have done in 1963” “I'm not guessing” retorted Haridn saying A he was extrapolating (ram Nickles’ comment- son prescription drug legislation issue struck sparks as Democrats repeatedly said GOP opposition Sen Edward M Kennedy present to a government-ru- n benefit harked back to in the Senate when Medkare was created in d 1963 said the prescription drug legislationwasr Republican objections when Medicare was 36 yean ago Senate GOP Whip Don long overdue Under the Democratic bill he ' said: ‘There is no deductible there are no Nickles had no sooner finished criti' cizing the Democratic measure than Sen Ibm gaps there are no loopholes The benefit and Haridn said acidly it was too bad the the premium are both guaranteed in the law Oklahoma Republican wasn't in the Senate in itself senior citizens get special 1963 “He could have joined the chorus of assistance" low-inco- i j ss ere-ate- R-O- D-Io- Low-inco- i In brief I markets nip into Bush ratings SEC files fraud complaint says church group in $85 million scam WASHINGTON INDIANAPOLIS (AP) — The fund-raisiarm of the ' Church of God was accused of defrauding investors out of $83 million in a SEC complaint filed in US District Court on Monng day The Securities and Exchange Commission said in court documents it had negotiated a preliminary settlement with the group called Church Extension of the Church of God The arm is accused of artificially inflating income in correspondence with investors and misleading them about die risk of investments A judge must approve the settlement which Church Extension entered without admitting the allegations Church Extension was created in 1921 to raise funds for church construction and renovations to existing churches of the Church of God which has more than 2200 affiliated congregations and more than 230000 members nationwide The church based in Anderson was established in 1881 In addition to Church Extension the complaint named former James Perry Grubbs affiliate United Management and its former president Shearon Louis Jackson fund-raisi- sky-hi- id rs El h Potok who counted James Joyce Evelyn Waugh and Ernest Heming 5 way among the authors wbffflKR'f: ' inspired him recalled that teiwherif' at his Jewish school were displeased with his taking time away from studying the Thlmud by reading literature ' As a result Potok’s novels often illustrate the conflict ' between spiritual and secular worlds “The Chosen” published "A-'- ' 'r:“-ap photo novel follows the in 1967 and Potok’s first and A stock trader left and a summer Intern both of whom asked not to be identified taka a break from what friendship between two Jewish boys from different religious they said was an extremely busy day at work on Tuesday in front of the New York Stock Exchange on film an was made into and and a backgrounds Wall Street in New York r play “I knew that I would be a writer that I would write from within the tradition And that meant that I had to know the tradition from inside out And that I needed to know the tradition without being blinded by it” Potok said in an interview with The Philadelphia Inquirer in 2002 ‘ : r best-kno- : ay Treasury Sec O’Neill takes over economic distress Mjss North Carolina resigns hertitlq ST PAULS NC (AP) — Miss North Carolina resigned her title Tuesday citing a former relationship that was “physically and emotionally abusive” Rebekah Revels 23 said in a statementshe hiad recently learned a former male friend had contacted the Miss America Organization “in a calculated attempt to defame my character'' “It is not my desire that my personal life or the physically and emotionally abusive relationship of which I was once apart shouldbe used to bring any degree of reproach upon k program " that I truly adimre” Revels said She said she hoped her case would help other women “who might find themselves in toe same situation and that they will be motivated to seek help as 1 did A to dissolve a volatile and potentially harmful relationship” She did not elaborate The first runner-u- p Misty Gymer will become Miss North Carolina WASHINGTON (AP) — As the stock market wallows in ‘ reem to get it right that he is either too enthusiastic about-tiieconomy’s prospects or its biggest funk in four years1! '' tooho-hiudie Bush administration’s ! fy chief economic spokesman His unscripted utterances A meanwhile have occasionally Treasury Secretary Paul O’Neill is strangely silent A rattled rather than soothed O'Neill’s lack of reassuring maikets -- and even made words to the public at a time White House aides nervous of economic uncertainty as During s stock slide in May millions of horrified Ameri- - j O’Neill was in Africa with ' cans watch their nest eggs ' rock singer Boho shrivel underscores the attention to the problems of A that he is disconnect- - : tiw world’s poorest continent ed analysts said v — when he got irked at ques- And mat doesn’t inspire tions about his effectiveness nwifiilwv among invMtnf “If people don’t like what StephenCecchetti economics consumers or businesses professor at Ohio State Uhi- - : I’m doing I don’t give a ' whose faith in corporate leaddamn” be wu quoted as sayversity “Thert is no one who has been badly shaken can stimd up and calm everyen ing in The New York Times ' said If that makes coo- Rulrin had that” one’s nerven “I could be sailing around on they NEW YORK (AP) -- - With battered telecommunications sumere and businesses less : Robert Ridrin who held the a yacht or driving around the : companies spending little on new hardware equipment maker willing to spend and invest i trensuiy post under President 'Country” Lucent Technologies posted a quarterly loss of $79 billion the economy's reqbveryconild Clinton is widely viewed on White House aides said they Tuesday and said it will cut 7000 more jobs treeStreet bestowed asthebest Wall ' cringed at tiie “yacht" crack Lucent which counted l$3000 employees at its prak in July : of and his perceived indifference s sincethe “Itiunkthe'peiception secretary siiiy 2000 will have cut 70 percent of its work fate with die current lack of a nation’s first Alexander and contained tiiathe too : pres commanding roupd of layoffs Almost 50000 of those workers departed durence in bcornknu policy has Hamilton 6ften puts his foot in his s of Agere Systems and Avaya and the safe of ing the hurt tire administration" said A Critics said O’Neill can’t mouth ' Lucent’s optical fiber business ' It was Lucent’s ' n I r per-cepti- on V-it-s -- Lucent posts loss slashes 7000 jobs : -- spin-off- - : ninth-straig- ht i CaimonauMiigeongepTidaywithoutoppositicm way for the Arizona trauma jnBMontotakedmpocjvViVvdebate cleuing tfae - succeeds Dr David Satchel whose tennexpiiedin Febriiary : - ) : : zonatnunusurgeonindpaitHimesherifrs7 deputy promised to promote prevention of dis-- e sheriff’s depuiy he said he also Is ease As to help in the preparation to combat bioterror : ' well-suit- ed four-sessi-on : two-thir- ds 'V : t toss: mony from )P Morgan ChaseandGti- ‘ - nk u - p T1 - incentives to do much buying" Wife icon- cent compared to the Dow’s llpercent y fidence Continually eroding du tocorpo- - and tiiC SAP’s 27 percent A rate ethics scandals most inyeston are v Hnandal stocks slid for second A Stniit session as a Senate subcommittee unwilling to make many bets The Dow ended the ses8ion downv y !' investing the Enron collapse heard tesu- - V jNEWYOWC(AP)—WailStreet stag gered through another volatile session the Dow Jones industrials ! THtesday ' : bouncing between gains and kxses Moire surrendering jn late aftenomi and v nwrth straight toss: 8224 at 770l34 for a ctosing with stocks suffered fcvefn snaroer tossof 84014 The Nasdaq cranpcisite index es afjer AT&T and Lucent issuecl disap-- : heavily populated by high-tec-h stocks A t' Standard 5360 The to tointing earnings reportsAnd financial 122905 dropped stocks were hit hard by questions about v & Poor’s 500 index one of the broadest' A' the catof oj marke( measures but one with a sizeable tota’jonibk ' i tech representation fell 2215 to 79770 Enron Some stocks including Dow compo-bra-ts it was the S&Fs first close betow 800 ' since April 1997 y i managed to bold on to gains for much ofthe session But analysts said A '! In percentagC terms the Nasdaq had that after weeks of selling there are few the wont performance falling 42 per-‘A-Tbc- The suraeori general hu a tiny staff must rely on odier agencies for Us budget and holds little power But th position has proved over the : yens to be a powerful bully pulpit foFdisSemi- -' ' Richard hating public lrealth infontution ' At his confinnation hearing Cirinona an Ari- - y Carmona part-tim- Tech financial stocks atake mpney-losingquarte- New suipeop general confirmed a a ' WASHINGTXi (Af)f TW Se'cifiiiiiedDt Richard pt id PHILADELPHIA! AP) — Chaim Potok the whose Orthodox Jewish upbringing inspired ‘The Chosen” and other novels that became among readers of many faiths died Tuesday He was 73 Potok who was diagnosed with cancer in 2000 died at his home in suburban Merion said Sharon Stu-macher executive director of Potok’s synagogue Temple Beth Hillel-Bet- gh i ng Author Chaim Potok dead at 73 best-selle- (AP)— President Bush’s job approval ratings dipped into the 60s tins week dragged down by worries about the stock market and the economy after nearly a 11 post-Seyear of ratings ' A bit of fade was ' inevitable analysts said “One way to put it is that the law of gravity wasn’t repealed” said political scientist David Rohde of Michigan State University Bush’s ratings had hovered just above 70 percent in most polls for the past few months Now a Newsweek poll shows his job approval at 65 percent and an Ipsos-Repoll done for the Cook Political Report has him at 67 percent “There’s been unrelieved bad hews for the past several weeks” said Thomas Riehle Public president of Ipsos-ReAffairs The timing of Bush’s return to a more normal — though still higfa — rating was predicted months ago by Matthew Dowd pollster for the Republican National Committee Dowd sent a message to Republican activists during the spring predicting the presi- dent’s rating “should return to v a new normal” — possibly in die 60s — by the end of July Republican strategist Rich Galen said die current polls ' aren’t that important but the trend over the next few months will be Galen said what will matter politically in an election year is “if these approval ratings are less than die high 60s or mid 60s in late October and November” Bush’s ratings soared to 90 percent and stayed high for a tong period “because the warf on terrorism was going pretty well as far as people rould BoM toll” political said “Now things are going ' worse on die domestic front A particularly with the economy and the stock market” Rohde said Bush has a cushion how-- : ever he said adding: “His rat-ings now are higher than they wcrnld have beat if there hadn’t been a Sept 11” A Bush spokesman Ari Fleis- - ' cher said the White House was not concerned “The president does what he thinks is right based on the merits” Fleischer said “and vl he believes that the best way ' to talk to the American people is to fight for what you believe ' in and let the country come to own judgments” Rqxiuican approval of the A president remains near 90 per-cent while independents are at' almost and Demote rats have fallen to about half in receutpolls according to a recent analysis ty the Pew Research Grater for die Peo- - A ihp Pkesi v r group A Senate investigator testified that' major iifvestmeat banks gave Enron loans that Cop multimillion-doUhethenow-bankrap- t rompanydis- guisC its true financial condition Both v institutions haye denied any wrongdoing in their handling of Enron business Citigroup tumMed $504 orl57 per- - Y cent to $27 while JJ Morgan lost ' A $444 orl81 percent to $2008 ar 3 |