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July 24, 2001

RATE CUTS COST $20B IN INTEREST INCOME

INTEREST-rate cuts are hurting the economy more than helping. Because of six cuts in rates that Alan Greenspan pushed on the economy in the last seven months, Americans have lost...

DEBATE BEGINS ON CON ED SITE

IT might be a while before developers' plans are final for the vast Con Ed site on First Avenue between 39th and 42nd Streets, but the Municipal Art Society isn't...

MIKE'S PACKING UP ; BLOOMBERG WON'T RETURN TO HIS FIRM

Michael Bloomberg says he's not going back. The mayoral hopeful said yesterday that, should he lose his bid for the top job in New York City, he has no intention...

FEELING THE HEAT ; 3M, LEXMARK EARNINGS MELT MARKETS

Investors dealt triple-digit losses to blue chips and dragged tech stocks below 2,000 yesterday as the weight of poor earnings reports drowned hopes for a summer rally. Bad news from...

MORE DEFECT AT WENNER'S US

When Wenner Media Chairman Jann Wenner returns from his sailing vacation in Tahiti, he's going to find a lot of open spaces at floundering Us Weekly, now estimated to be...

DISNEY BUYS FOX FAMILY FOR $5.3B

The Walt Disney Co. confirmed yesterday it will buy the Fox Family cable television network from News Corporation and Saban Entertainment for $5.3 billion. Disney will pay $3 billion in...

REDBOOK HIRES O'S EX-EDITOR

Ellen Kunes, the short-lived launch editor of O, the Oprah Magazine, has returned to a full-time editing gig at Hearst as the editor-in-chief of Redbook. "Having been executive editor of...

SEC HEAD TO BLAST STREET ANALYSTS

Acting SEC Chair Laura Unger is expected to deliver scorching testimony on analyst behavior before Congress next week, The Post has learned. Unger's scathing review comes out of the SEC's...

O'NEAL GETS NOD TO RUN MERRILL

E. Stanley O'Neal has been designated as Merrill Lynch & Co. Chairman and Chief Executive David Komansky's successor at the nation's biggest retail brokerage, according to a source close to...

TRAVELER'S UPDATE

Pack it in Football's pre-season starts at the end of this month, and gridiron junkies may want to head off to the hallowed ground of Lambeau Field in Green Bay,...

'WILEY' BIKER IS 'PEOPLE'S' PICK

'THE People's Court" put the pedal to the mettle to help a heroic bicycle rider. Wiley Cerilli, 21, raised over $20,000 by riding his bicycle last year through 32 states...

FOOD FOR TOTS ; BOOKS DISH OUT RECIPE FOR HEALTHY KIDS

AS many new parents discover with dismay, babies don't come with a maintenance manual.Luckily, on the heels of the classics - Dr. Spock, Penelope Leach, the "What to Expect" chronicles...

'CELEBRITY' REGISTERS BIG TIME

*NSYNC "Celebrity" Jive Records Those with big boos for boy bands can keep hissing, but not at *NSYNC. What sets this Florida export apart from the pack is that over...

STARR REPORT

Reege doesn't yet know the final answer It's not that Regis Philbin doesn't want to answer the question - it's just that he doesn't have an answer to whether or...

THE KIDS ARE ALRIGHT; TEEN POP IS AS STRONG AS EVER

IS it time to wave bye, bye, bye to teen pop? Critics seem to think so.But they were sounding the death knell for teen ear candy back in December, after...

DIAMOND'S 'THREE' HITS THE RIGHT 'CHORD'

NEIL DIAMOND "Three Chord Opera" Columbia While only the most devoted Neil Diamond fan would want a steady diet of this singer/songwriter, he is one of the most intense performers...

TW CABLE 'REFUND' DOESN'T ADD UP

TIME Warner City Cable apparently used fuzzy math to shave pennies off refunds it offered customers after a major cable outage last month - pocketing at least $96,000 that should...

BLOODY MESS: A KILLER CONCEPT DIES ON 'MURDER'

"Murder in Small Town X" Tonight at 8:30 on WNYW/Ch. 5 Rating: 2 guns WHAT would you get if "The Blair Witch Project" had a baby with "Survivor?" Answer: "Murder...

THE PULSE OF SAO PAULO ; COFFEE-CRAZED CITY BOASTS SHINY GLASS TOWERS AND GREAT MARKETS

MAYBE it's the sugar in the cafezinhas, or perhaps just the sheer number of tiny cups of sticky-sweet black coffee that the Paulistanos consume. Either way, Sao Paulo - a...

BUZZ

Sweet smell of success A group of athletes were able to run faster, do more push-ups and squeeze a hand grip harder when they had a peppermint-infused adhesive strip under...

GREEN PEACE ; GOING 'ECO' FOR CHEAP ON QUIET ISLE OF ST. JOHN

PRECONCEPTIONS can play havoc with your choice of vacation. You might think that any vacation with the word "eco" in the title sells at a premium and will involve digging...

GREAT GUNS! THE SECRET BEHIND MADONNA'S BEEFY NEW BOD

GET a load of those arms! Thanks to the ultra-beefy arms she's cultivated by doing a strenuous combination of Pilates and ashtanga vinyasa or "power yoga," Madonna looks buffer than...

L.I. MAN DIES IN STOVE ACCIDENT

A 54-year-old Long Island man died while making Sunday dinner after his clothes caught fire. Douglas Berry of North Amityville was standing at the stove when he was enveloped in...

TARA FACES LIZZIE QUIZ - COPS WANT TO QUESTION ACTRESS PAL

Long Island authorities want to talk to "American Pie" starlet Tara Reid, who was partying with publicity princess Lizzie Grubman hours before Grubman mowed down 16 people outside a trendy...

KOURNIKOVA STILL PLAYING WITH SINGLES

Tennis sex bomb Anna Kournikova has not married hockey hunk Sergei Federov and is still a single gal, her manager said yesterday. Male tennis fans' hearts missed a beat with...

WHY LEVY HATES COMPSTAT ; IT'S JUST TOO 'PARAMILITARY' FOR NEW YORK CITY'S SCHOOLS

THE most successful program ever devised to combat inertia in an urban bureaucracy is just too, well, it's just too damn manly for the chancellor of New York City's schools...

CARMINE DOESN'T SCARE US ; BIZMEN FURIOUS FEDS PORTRAY THEM AS GOTTI IN-LAW'S VICTIMS

Two businessmen identified by the feds as extortion victims of John Gotti's son-in-law have one word for prosecutors: Fuhgeddaboudit! "Everyone threatens me, I'm a debt collector," said John Hannon, owner...

MCCAIN LOSES HIS MOS'BACKER' ; GOP MAVERICK'S '00 CAMPAIGN AIDE NOW FEELS 'BETRAYED'

One of Sen. John McCain's earliest supporters for his 2000 presidential bid said yesterday she now feels "betrayed" and would never back him again. "I feel betrayed and I'm so...

TV SCRIBES PEN LEVY & 'ORDER'

Chandra Levy may still be missing in real life - but get ready to see her pop up on TV's "Law & Order" next season. Producers of the smash NBC...

MR. GAY GETS LIFE IN GAY SLAY

A troubled Vietnam vet named Gay - angry about homosexual references to his name - was sentenced yesterday to life in prison for a bar rampage that killed one person...

JFK JR. STATUE IS SALUTE TO TACKINESS

IN A capitalist society, which most of us celebrate, legitimate business is free to sell and legitimate people are free to buy - but taste has no price tag. I...

AMY'S DAD BEGS MERCY - AND HELPS HER KILLER'S ACCOMPLICE GET JUST 15 YEARS

The father of slain social worker Amy Watkins made an impassioned - and successful - plea for leniency yesterday for the man convicted of being the lookout during the brutal...

PAT GIVES ORAL SEXY TESTIMONY

ATLANTA - Former Knick Patrick Ewing testified yesterday he was twice given oral sex at a posh strip club while the owner watched - but said it wasn't prostitution because...

VALLONE: SILVER'S 'HATE' HAS ME IN SHEL HELL

THE battle between "the speakers" is getting louder. City Council Speaker Peter Vallone and state Assembly Speaker Shelly Silver (D-Manhattan) are hardly pals - but mayoral candidate Vallone is now...

17G RAISE FOR THRUWAY BOSS

ALBANY - New York State Thruway Executive Director John Platt has quietly received a whopping $17,000 pay raise, hiking his salary to $159,500 a year, The Post has learned. The...

HARRISON: DON'T BURY ME JUST YET

The Beatle goes on! That's the happy word from George Harrison, who insisted last night that reports of his imminent death from cancer are exaggerated. In fact, the rocker said...

PRIEST'S TALE MAY FREE SLAY CONS TODAY

Two men imprisoned for 12 years for murder may find out today if they will be freed because a priest came forward to report another man confessed to the crime....

BETH ISRAEL HOSP SETTLES WITH FEDS

Beth Israel Medical Center agreed to pay $1.2 million yesterday to settle a Medicare billing fight with the federal government. Federal auditors had found that the hospital had not fully...

H'WOOD STARS LIGHT UP SMALL-SCALE N.Y. RACE

Some of Hollywood's biggest names are taking sides in a little-noticed City Council race - all thanks to a childhood friendship between a novice candidate and superstar actor Edward Norton....

MIKE: COME HERE, DUBYA

Republican mayoral candidate Mike Bloomberg yesterday said President Bush must visit New York City more often - and suggested he'd be the perfect bait to lure his fellow Republican here....

POLS BACK LINDSAY PARK

Nine members of Congress have sent a letter urging the City Council to rename a park in honor of the late John Lindsay. On Saturday, The Post reported Community Board...

B'KLYN MOB CASE ENDS IN MISTRIAL

A mob money-laundering case ended yesterday in a partial mistrial when a Brooklyn federal jury found former Gambino captain Joseph Watts guilty of tax fraud - but deadlocked on two...

DUBYA DEALT DODGY DILEMMA

WASHINGTON - Winning over Catholic voters is one of President Bush's most important tasks as he eyes a decision on stem-cell research - and tends to his own 2004 re-election...

POPE LECTURES BUSH ON STEM-CELL 'EVILS'

WASHINGTON - Pope John Paul II yesterday condemned embryonic stem-cell research as "evil," ratcheting up pressure on President Bush as the chief executive prepares to decide whether to OK federal...

PARENTS PERISH IN BLAZE - BUT TRAGIC DAD SAVES TOT

An air conditioner touched off a Brooklyn apartment fire yesterday that killed two adults - but their 3-year-old son was spared because his father put him in a water-filled bathtub,...

SPITZER BIDS TO STICK IT TO STAMP 'SCAMMERS'

Attorney General Eliot Spitzer is out to lick a band of rare-stamp dealers who allegedly fixed prices on stamp auctions for more than 20 years. The international group, known as...

'OFFICER F' PARTNER IS GRILLED

The partner of "Officer F" told the feds yesterday he doesn't remember the critical details of a conversation that could reverse the conviction of ex-cop Charles Schwarz for assaulting Abner...

WE ENDURE HELL ON RAILS - KO CONFUSION IN RUSH HOURS

It was hot for all, confusing for many, but the first rush-hour test of massive subway changes overall seemed to go "OK" yesterday. "Despite the size and enormity of the...

COMMUTE'S A BEAUT FOR SOME LUCKY RIDERS

Ron Davis' daily commute has never involved traveling over the Manhattan Bridge, but the major reconstruction of the span has made his trip to and from work more comfortable and...

COP SORRY HE WAS TOO LATE

A courageous Queens cop plunged into Far Rockaway's rough surf wearing his uniform and gun belt in a desperate attempt to rescue one of yesterday's drowning victims - but he...

DRAG RACE EYED IN DEADLY SMASHUP

Cops are investigating whether a 21-year-old man was drag racing when he died in a horrific crash on a stretch of road in Brooklyn residents call a high-speed hot spot....

MODEL'S BROTHER: IT COULDN'T BE SUICIDE

The brother of a 21-year-old Manhattan model who cops say stabbed herself to death "seriously" doubts his sister committed suicide - despite an autopsy which concluded yesterday her wounds were...

CARJACK SUSPECT GIVES UP

An alleged accomplice in the coldblooded slaying of a kindhearted Samaritan surrendered to Brooklyn police yesterday as two others were arraigned in the horrifying case. Jack "Payback" Govan, 27, of...

WHO WAS CONDIT'S MYSTERY DRIVER?

WASHINGTON - A mystery man was with Rep. Gary Condit when he suspiciously threw away a watch case believed to be from a former lover just hours before D.C. cops...

UNSEEN DANGER LURKS IN WATERS AT SITE

The Rockaway tragedy took place on a stretch known for treacherous currents and a shifting ocean floor - an hour before lifeguards came on duty. Lifeguards are posted at Beach...

3 GIRLS DROWN AT ROCKAWAY - 'ALL HOPE GONE' FOR SISTERS, CUZ

Three girls on a trip to Rockaway Beach with their uncle were swallowed up by the ocean yesterday after wading into the unpredictable surf before lifeguards came on duty, officials...

HAMAS GUNNING FOR PALESTINIANS

Violence in the Gaza Strip took a new twist yesterday as Palestinians waged a gun battle with Palestinians. Officials said about 20 gunmen, including members of the radical group Hamas...

NYERS PROMINENT AT GRAHAM SERVICE

Gov. Pataki and Mayor Giuliani led a surprisingly cozy New York delegation that nabbed itself coveted front-row seats at yesterday's funeral of Washington Post powerhouse Katherine Graham. Sitting up front...

INMATES AWAIT PRIEST HEARING

Two men imprisoned for 12 years for murder may find out today if they will be freed because a priest came forward to report another man confessed to the crime....

3 GIRLS DROWN IN ROCKAWAY RIPTIDE : 'ALL HOPE GONE' FOR SISTERS, CUZ

Three girls on a trip to Rockaway Beach with their uncle were swallowed up by the ocean yesterday after wading into the unpredictable surf before lifeguards came on duty, officials...

SITE INFAMOUS FOR ITS STRONG CURRENTS

The triple tragedy in the Rockaways took place in a stretch of beach known for its powerful currents and shifting ocean floor -an hour before lifeguards came on duty. Lifeguards...

JOE STICKS TO GUNS ON 'BRUSHBACK'

The effect of baseball's recent anti-headhunting memo boiled over in ugly fashion at the Stadium Sunday with four ejections over pitches that both managers and each team admitted were benign....

ALLAN: YOU AIN'T SEEN NOTHIN' YET

Allan Houston said yesterday his best is yet to come. For $100 million, let's hope so. During a Garden news conference announcing his maximum, six-year, $100.4 million contract, Houston and...

KARRIE-ING THE LPGA ; WEBB'S THE TIGER OF WOMEN'S TOUR

IT seemed odd when LPGA star Karrie Webb pulled out of last weekend's Sybase Big Apple Classic, leaving the tournament without the reigning U.S. Women's champion and arguably the top...

HELL NO, HE WON'T GO! METS QUASH MIKE-TO-1ST TALK (FOR NOW)

MIAMI - Mike Piazza isn't changing positions any time soon. However, he did say last night that at some point he might consider playing another position, such as first base,...

DOLAN GIVES SIGNING HIS BLESSING

KNICK NOTES James Dolan, presiding over his first news conference since axing Garden president Dave Checketts, spent more time praising his new "great management team" than Allan Houston. The reclusive...

CEO STANDS BY HOUSTON

Cablevision's James Dolan does not hold Allan Houston accountable for his involvement in a magazine story quoting him and Charlie Ward talking about the Jews killing Christ. "If you know...

PRATT'S ALL, FOLKS: TODD SENT TO PHILLY IN SWAP OF BACKUPS

MET NOTES MIAMI - In a week that could see many departures, Met backup catcher Todd Pratt was the first to go yesterday. Before last night's rainout, GM Steve Phillips...

BERNIE BLAST STIRS MEMORIES OF MICK

It takes a lot to get the Yankees excited these days, but Bernie Williams found a way. Williams blasted a home run out of Yankee Stadium during batting practice before...

ANOTHER MILESTONE FOR RED-HOT ROCKET: BOMBER ACE PROVES HE'S FAR FROM FINISHED

YOU are going to read and hear plenty about Roger Clemens' sixth strikeout from last night. Because that strikeout moved him alone into fourth place on the all-time list ahead...

BAM-TINO SERVES UP YET ANOTHER SOUVENIR

YANK NOTES Tino Martinez is making lots of friends in the right-field upper deck at the Stadium. For the second straight game, the Yankee first baseman sent a blast into...

DINGER FINALLY ENDS SHANE'S DRY SPELL

Shane Spencer waited a long time for his fifth home run. Twenty-six days, to be exact. When it finally came last night, it seemed like it was longer. "I didn't...

IS DEREK ON THE DOWNSIDE? BEST DAYS MAY BE BEHIND SHORTSTOP

WHERE have you gone Derek Jeter, a city turns its lonely eyes to you. We wonder what has become of the Yankees' best player. We wonder why the extraordinary has...

CLEMENS MOVES BY TOM TERRIFIC IN WIN VS. JAYS

Roger Clemens' fastball just tickled the outside corner of the plate, turning Luis Lopez' knees to quivering Jello and the Toronto third baseman into the victim of yet another milestone...

HOT POSADA'S OK WITH STRIKEOUT NUMBERS

YANKEE NOTES Since the All-Star break, Jorge Posada's numbers have been something of an oddity. He has been hitting for average and hitting for power, but his strikeouts are even...

DUVAL'S BRIT WIN LONG TIME COMING

LYTHAM ST. ANNES - Last month, two days before the U.S. Open was to begin at Southern Hills, David Duval spoke candidly about how much "sweeter" winning a major championship...

TORRE STILL TICKED : JOE STICKING TO GUNS ABOUT MLB'S BRUSHBACK 'FARCE'

The effect of baseball's recent anti-headhunting memorandum boiled over in ugly fashion at the Stadium Sunday, with four ejections over pitches that both managers and each team admitted were benign....

AMAZIN'S HAVE JUST THREE UNTOUCHABLES

PHILADELPHIA -It's Amazin' how a team that was in the World Series a year ago was 10 games under .500 going into last night's game here. Even more remarkable is...