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To: DMaA who wrote (16294)6/24/1998 10:50:00 AM
From: Moonray  Respond to of 22053
 
AT&T agrees to buy TCI for $32 billion
Associated Press - Posted at 7:41 a.m. PDT Wednesday, June 24, 1998

NEW YORK -- AT&T Corp. is buying cable television giant
Tele-Communications Inc. for $32 billion in a bold step that would give
the long-distance company access to millions of homes to offer local
telephone service and high-speed Internet access.

The all-stock transaction would allow AT&T to reach TCI's more than
13 million cable customers across the United States and make good on
AT&T chairman Michael Armstrong's promise to beef up the
company's weak spots and branch out into new telecommunications
businesses.

sjmercury.com

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To: DMaA who wrote (16294)6/24/1998 10:57:00 PM
From: Moonray  Respond to of 22053
 
Top Stories: Worldwide for June 25: Gingrich Favors Cutting Capital
Gains Tax Rate to 15%
AP - 06/24/98 07:59:11 PM

U.S. House Speaker Newt Gingrich proposed reducing the capital gains
tax rate for most individuals to 15 percent, down from 20 percent, a step
he said would ''supercharge'' the U.S. economy. Gingrich, armed with
new forecasts that the capital gains tax cut would bring billions into the
U.S. Treasury, said he will push to pass the legislation this year and that
he would make it retroactive to today's date. Gingrich, though, faces
formidable odds in pushing the tax cut through Congress this year. (TNI
CNG TAX) Clinton to Press China on Human Rights, Warhead
Deployment

U.S. President Bill Clinton said he'll pressure Chinese government
officials to grant greater freedoms to China's domestic critics and to
re-target any nuclear weapons aimed at the U.S. Clinton, speaking in the
Oval Office, said movement of China's missiles would eliminate the
possibility of accidental firing and ''increase the confidence between two
countries that are moving to reduce the nuclear threat.'' He then met with
three reporters from Radio Free Asia, a part of the U.S. government's
information services, who were denied visas to travel to China and report
on the president's nine-day visit. The Beijing government's denial of the
visas to the journalists will figure prominently in his human rights
conversations with Chinese officials, Clinton said. (NI EXE) UN
Weapons Chief Accuses Iraq of Lying About Nerve Gas

United Nations chief weapons inspector Richard Butler told the Security
Council that Iraq loaded missiles with nerve gas before the 1991 Gulf
War and has lied to the international community ever since about the
existence of the gas. Butler's briefing, which came the day before the UN
is to review economic sanctions against Iraq, contradicted Iraqi claims
that technical difficulties with the VX nerve gas program made it
impossible to use as a weapon. Iraq's UN mission, in a statement,
rejected the tests on the missiles, which were requested by Butler's UN
special commission on Iraq and carried out by a U.S. military laboratory
on warhead fragments recently excavated by UN experts. (NI IRAQ)
U.S.'s Holbrooke Meets Kosovo's Rebels for First Time, UPI Says

Richard Holbrooke, U.S. presidential envoy to the Yugoslav province of
Kosovo, met with representatives of the Kosovo Liberation Army, the
Albanian rebel faction trying to wrest independence from Belgrade,
United Press International reported. It was the first known meeting
between a Clinton administration official and the region's militant
guerrillas, UPI said. The administration has previously said it wouldn't
meet with faction representatives, whom they have accused of terrorism,
until the time was ripe for negotiations between Yugoslav President
Slobodan Milosevic and the Kosovar Albanians, UPI said. (NI STD)
Paraguay, Denmark Follow Nigeria, France Into Second Round

Paraguay and Denmark secured the two second-round places up for
grabs on day 15 of the World Cup as Spain hit six goals before becoming
the first big-name casualty of the tournament. The Paraguayans defeated
Group D winner Nigeria 3-1 to claim second place ahead of the
Spaniards, whose 6-1 rout of Bulgaria proved to be in vain. Denmark lost
2-1 to Group C winner France, though South Africa's 2-2 draw with Saudi
Arabia meant the Danes took the runner-up spot. The French, with a
maximum nine points from three games, will play Paraguay in Lens on
Sunday, the same day Nigeria faces Denmark at the Stade de France in
Paris. Paraguay, which hadn't scored a goal in the tournament, had to
wait just 50 seconds for Celso Ayala to put his side in front with a
close-range header. (NI WCUP) --Satoru Hoshikawa in the Tokyo
newsroom (813) 3201-8950/ad -0- (BN ) Jun/24/ 98 20:56 EOS (BN )
Jun/24/98 20:56 86

AP-NY-06-24-98 2057EDT

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