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THE STORM'S HAVOC: Television; New TV Outlet Wearily Takes A Starring Role

Date: 13 December 1992

By Clifford J. Levy

Clifford Levy

The storm that has pummeled the New York metropolitan region has given New York 1 News, the nascent 24-hour cable station, its first chance to play a role similar to that of CNN during the Persian Gulf War -- albeit on a local scale. In the station's chaotic newsroom at 460 West 42d Street in Manhattan, the mission was clear: churn the information. Give viewers updates about the weather, the traffic and the subways so they can slog their way through the city. Then update them again.

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Seared by Faces of Need, Americans Say, 'How Could We Not Do This?'

Date: 13 December 1992

By Peter Applebome

Peter Applebome

Huddled against the cold outside the Franklin County Agricultural Co-Op, his 18-wheeler loaded with pig innards, Todd Schuppert doesn't consider himself an expert on foreign affairs, but he knows exactly what he thinks about the decision to send American troops to Somalia. "I think it's a pretty doggone good idea," said Mr. Schuppert, a 31-year-old truck driver from Pekin, Ind. "You just have to turn on a television to see that those people need help, and no one else is going to help them but us."

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Cuban Rights Advocate Beaten and Detained

Date: 13 December 1992

By Tim Golden

Tim Golden

One of Cuba's most prominent human rights advocates was being held by the authorities today after being beaten by a mob of Government supporters, his friends and relatives said. The human rights advocate, Elizardo Sanchez, who is the leader of one of Cuba's tiny dissident human rights groups, was said to be recovering in a military hospital after having been dragged from a friend's apartment on Thursday afternoon and beaten nearly unconscious.

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British Press Will Keep Up Royal Chase

Date: 12 December 1992

By Richard W. Stevenson

Richard Stevenson

When he announced in the House of Commons on Wednesday that the Prince and Princess of Wales were separating, Prime Minister John Major said in earnest tones and to roars of approval from his colleagues in Parliament that he hoped the news media would now afford the royal family some privacy. The next morning The Sun, a mass-circulation tabloid, devoted fully half of its 56 pages to the split, including a guide to potential new romantic partners for the estranged couple.

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Juggling Jobs and the Deficit: Executives Doubtful

Date: 13 December 1992

By Louis Uchitelle

Louis Uchitelle

Many of America's senior executives say job creation is the Government's most important immediate task and the budget deficit the nation's most important economic problem. But foreshadowing what is almost certain to be a major economic conflict of Bill Clinton's Presidency, the executives say that the President-elect will not be able to address those two concerns simultaneously. Those views, on the eve of Mr. Clinton's economic summit in Little Rock, Ark., this week, surfaced in a New York Times/CBS News poll of 499 senior executives in early December and in follow-up interviews with a dozen of them. Both the poll results and the interviews revealed some enthusiasm for the new President. While 53 percent of the executives voted for George Bush, a whopping 71 percent said the President had not displayed as much concern for the economy as Clinton had during the campaign. And 81 percent said the Clinton election has increased consumer confidence and spending.

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FLEET BANK ACQUIRES EASTLAND FINANCIAL UNITS

Date: 12 December 1992

By Bloomberg News

Bloomberg News

Fleet Bank, lead unit of the Fleet Financial Corporation, yesterday acquired Eastland Bank and Eastland Savings Bank, both based in Woonsocket, R.I. The two banks, owned by the Eastland Financial Corporation, were closed yesterday afternoon by state regulators after the F.D.I.C. held Eastland Bank liable for losses at its parent, Eastland Savings. The F.D.I.C. was named receiver for the banks.

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NEWS SUMMARY

Date: 13 December 1992

International 3-29 U.S. DESTROYS 3 SOMALI VEHICLES

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NEWS SUMMARY

Date: 12 December 1992

International 3-7 CLINTON FAVORS ACTION IN BOSNIA President-elect Bill Clinton said the United States and its allies should do whatever it takes to enforce the ban on Serbian flights over Bosnia and Herzegovina. His comments implied criticism of President Bush's policy and seemed to nudge the Administration toward a new United Nations resolution on enforcing the ban. 1 The Yugoslav Prime Minister campaigns against Serbia's leader. 7

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THE TRANSITION: Woman in the News; Emphasis On Action: Donna Edna Shalala

Date: 12 December 1992

By Susan Chira

Susan Chira

Dr. Donna E. Shalala, an energetic, exuberant administrator who has never been shy about trumpeting her considerable achievements, is now going to tackle two of the most intractable problems in American society: health care and welfare. Characteristically, she is almost unnervingly confident that she can make a difference as Secretary of Health and Human Services.

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Pacific Telesis Plans to Split in Two

Date: 12 December 1992

By Anthony Ramirez

Anthony Ramirez

The Pacific Telesis Group, whose markets for telephone services are the largest in the country, said yesterday that its board had unanimously voted to split the huge California-based carrier into a $9 billion traditional-telephone company and a nearly $1 billion wireless-phone company. Since the breakup of the American Telephone and Telegraph Company in 1984, the resulting seven regional Bell companies have each had two major divisions. One is the slow-growth monopoly business of providing local telephone service, in which profits are largely guaranteed by strict regulation. The other is the lightly regulated high-growth businesses that provide cellular telephone and other services, like electronic paging. Analysts say cellular, only slightly profitable now, will be highly lucrative soon. Raising Company Value A spinoff could raise the total value of Pacific Telesis's shares and free the company of strictures imposed by the A.T.& T. breakup accord, including those that ban "Baby Bells" like Telesis from the lucrative equipment-manufacturing market.

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