Article in series Rites of Summer describes scene in New Jersey shore resort of Bradley Beach; influx of Italian Americans and Chinese Americans to summer resort noted; photo; map(M)

Lower East Side on Jersey Shore; In Bradley Beach, Chinese and Italians Find Harmony

Chicago Cubs outfielder Sammy Sosa hits his 56th home run of season; photo (M)

BASEBALL -- It's Sosa's Day, but Night Belongs to McGwire; Sosa Blasts 56th Homer, Helped by Many Friends

Michael M Weinstein Economic Scene column explores fear that plunging stock prices are harbinger of economic crisis; Prof Peter Temin examined every recession this century and concluded that even Great Depression of 1930's did not stem from plummeting stock prices; nevertheless, stock market plunges can slow an economy as consumers react to their shrinking wealth by cutting purchases, and companies, fearful of uncertainty, react by cutting investment outlays; trillion-dollar stock market plunge in recent weeks could cause $40 billion drop in annual consumer spending, about one-half percent of total spending; Prof Benjamin Friedman points out that it would take spending cut four times that size to bring on recession; drawing (M)

Relax. Stocks Rarely Steer the Economy.

Harvey Araton Sports of The Times column discusses comeback of Monica Seles at US Open tennis championships; photo (M)

Overcoming, Not Just Surviving

Police investigators find bodies of two women and decaying remains of others in ramshackle green house in Poughkeepsie, NY; charge Kendall Francois, unemployed school aide who lives in house, with strangling one of women to death; say he is responsible for killing seven others, most of them prostitutes, who have been missing for as long as two years; Dutchess County Dist Atty William V Grady says based on conversations with Francois, eight bodies may be recovered from house; map; photo (M)

Poughkeepsie Man Linked to Slayings Of Eight Women

High-technology dental equipment offers promise of faster treatments, less exposure to X-rays and less pain; some dentists resist digital gadgets, questioning their cost and value; many are using computers for small jobs; photo (M)

Overbite, Underbite, Megabyte: Dentistry Gets an Upgrade

Steven Spielberg is to be awarded the Officer's Cross of the Order of Merit by Pres Roman Herzog of Germany in recognition of his impact on the world's understanding of the Holocaust; Cole Porter musical Jubilee, with cast of luminaries including Tyne Daly, to be performed Oct 10 at Carnegie Hall to benefit Gay Men's Health Crisis; Daly photo; one-stop shopping for full-price tickets to most Broadway and Off Broadway shows come to Times Square with opening of new ticket center by League of American Theaters and Producers; 500th anniversary of Vienna Choir Boys to be celebrated with tour of 10 North American cities from Oct 12 to 25th (Footlights) (M)

FOOTLIGHTS

Pres Clinton, questioned for first time in public about Monica Lewinsky matter since his televised admission two weeks ago, says at Kremlin news conference that he believes he had expressed 'profound regret' to those who had been hurt by his relationship with Lewinsky; again stops short of issuing outright apology for illicit relationship or for lying about it to his family, his staff and nation; says independent counsel Kenneth W Starr's investigation was 'disproportionate' to his alleged offenses; photo (M)

CLINTON DEFENDS HIS TV ADMISSION ON LEWINSKY CASE

Many hedge funds are racking up huge losses in roiling global markets; hedge funds involve substantial risk because they borrow money to leverage their investments; if investments prove ill fated, losses can be sizable; Long-Term Capital Growth, hedge fund that had spectacular returns in 1995 and 1996, tells its investors that its bets wiped out half of its net asset value so far this year; advisers say investors should understand risks of these funds and their individual strategies (M)

Hedge Funds Registering Huge Losses

St Louis Cardinals first baseman Mark McGwire hits his 58th and 59th home runs of season; photo (M)

BASEBALL -- It's Sosa's Day, but Night Belongs to McGwire; Crunch Times: MCGwire Smacks Nos. 58 and 59

People continue to have problems finding data they seek on Internet despite improvement in Web search sites; each search site collects its data and updates its database differently; each site's search function works differently; most sort results using proprietary algorithm and do poor job of explaining how they work; Web directories like Yahoo and Web search engines seem to be similar, but are good for finding different types of data; advice on sites to use for different kinds of searches; tables of search sites and of tips on how to search; drawing; photo (L)

Desperately Seeking Susan OR Suzie NOT Sushi

Lawyers familiar with Pres Clinton's testimony, say he told grand jury investigating his relationship with Monica S Lewinsky that he was troubled by her transfer out of White House and discussed bringing her back in summer of last year; Clinton testified on Aug 17 that he had spoken about his worries over Lewinsky's situation with senior aide Marsha Scott; that discussion in July 1997 is first indication that Clinton took interest in returning Lewinsky to White House from her public affairs job at Pentagon, where she was transferred against her wishes in April 1996; conversation came as lawyers for Paula Corbin Jones had begun to investigate Clinton's relationships with women to bolster her sexual misconduct suit (M)

Intern's Return Was Weighed, Lawyers Say

 Clinton Hints at Offer To Russia of Financial Aid  President Clinton suggested that the West would increase its aid to Russia if that country continues its tough economic reforms. His message was intended to encourage the Yeltsin Government to stick with its pro-capitalist course despite the nation's deepening economic crisis.    Mr. Clinton has told his aides that the United States should be prepared to lead a new international aid effort, which could draw on the Group of Seven industrialized nations and international organizations, such as the World Bank. [Page A1.]

BUSINESS DIGEST

Food and Drug Administration advisory committee votes unanimously to recommend approval of drug tamoxifen to reduce women's risk of developing breast cancer; tamoxifen's approval would be milestone in efforts to prevent cancer; drug, which is already on market, is intended only for women at high risk of breast cancer; advisory panel unanimously recommends approval for new drug, Herceptin, for women with advanced breast cancer; officials say drug is intended for use by estimated 30 percent of breast cancer patients who have too many copies of gene called HER2/neu, making cancer aggressively spread through body (M)

Drugs to Fight Breast Cancer Near Approval

Buying a home is a relatively new phenomenon in China, and so is serious home furnishing; seemingly endless number of people are eager to buy homes in Shanghai and other cities, where vast conversion of housing from public to private hands is under way; in first seven months of 1998, housing sales shot up 71 percent over similar period in 1997, reflecting an end to restrictions on buying and selling; economists point to housing reform as a key to China's economic health, and state-owned developers are putting up thousands of apartment buildings; getting an apartment in Shanghai usually means getting raw space, without wiring or plumbing, and most new owners expect huge renovation costs; although most state-run furniture stores still play to a wide-spread taste for chrome and black leather, newly-opened Ikea is setting new design standard; photos of several apartments (M)

For Sale at Last in China: Dream Homes, but No Sink

Stock market roller coaster ride of recent weeks is making many home buyers rethink deals already on the table; potential buyers are asking their lawyers about how to renege on deals or how to use seller's panic to drive the price down; drawings (M)

Wall St. Jitters and The Deal

Article discusses outlook for New York Giants-Washington Redskins football game; photo (M)

Giants-Redskins Rivalry Vibrant After 66 Years

Profile of Priority Records, distributors of sometimes obscene and violent rap albums, and its founder and president, Bryan Turner; they have somehow managed to escape censure while quietly distributing the albums that large corporations would not touch; company has grown to be country's largest independent label; sales last year reached $175 million, with $240 million anticipated this year; but now that Priority has been acquired by EMI Music, the game may change, especially since EMI Music's parent company, Thorn EMI, is looking to sell its music holdings; photo (M)

The Secret Power in Big Rap; Bryan Turner Makes Rap Records but Escapes the Criticism

Dozens of programs have sprung up in last few years seeking to raise incomes of welfare fathers and strengthen their ties to their children; though few can show clear success, effort has suddenly found wellspring of government and philanthropic support; nearly all states given lucrative Federal welfare-to-work grants this year have pledged including fathers in their programs; Ford Foundation, which virtually created welfare-to-work field two decades ago, is developing parallel industry to run programs for men and study them; some Congressional Republicans have proposed multibillion-dollar program for poor, unwed fathers; Rep E Clay Shaw Jr, main author of 1996 law that cut welfare spending, is pushing bill; photo (M)

Welfare Overhaul Initiatives Focus on Fathers

 Market Takes a Breath  Stock prices were broadly mixed after Monday's plunge and Tuesday's partial recovery. The Dow Jones industrial average ended down 45.06 points, or six-tenths of 1 percent, to 7,782.37. Page C1.

INSIDE

Stock prices are broadly mixed in comparatively sluggish trading after two days of frenzied selloff and partial recovery; Dow Jones industrial average is up more than 100 points, but is down 45.06 points at close, or six-tenths of 1 percent, to 7,782.37; Standard & Poor's 500-stock index dips 3.79 points, or four-tenths of 1 percent, to 990.47; Nasdaq composite index rises 17.76 points, or 1.13 percent, to 1,592.85; trading volume is relatively light, with just more than 896 million shares changing hands; photo; graphs (M)

Roiled Market Takes a Breath As Dow Slips

Manhattan Theater Club adopts special security measures for its presentation of Corpus Christi, play by Terrence McNally that features a gay, Jesus-like figure who has sex with his apostles; production, directed by Joe Mantello and starring Anson Mount, is scheduled to open Oct 13; Catholic League for Religious and Civil Rights plans opening-night protest (M)

Play That Stirred Outcry Prepares for Its Opening

Evelyn Nieves Our Towns column discusses recent rash of violent crimes, including murder, against shopkeepers of cash-for-gold stores in gambling resort of Atlantic City, NJ (M)

Our Towns; Death at Stops Of Last Resort For Gamblers

Manhattan fund-raising appearance by President Clinton scheduled for night before New York Democratic primary is stirring resentment among candidates and their aides, who are worried that Clinton will steal attention from their contests and undercut their fund raising efforts; complaints seem to represent near-consensus among major New York campaigns as Clinton's appearance at Sept 14 national Democratic fund raiser nears (M) y

Clinton Visit On Eve of Vote Irks Democrats

Tupelo, Miss, is the upholstered-furniture capital of the world, with 230 manufacturers employing more than 26,000 workers and producing 50,000 pieces a day; annual Tupelo Furniture Market trade show and its manufacturing base are the resource and last refuge for mom and pop retail furniture stores across US; photos (M)

America The Upholstered

Oskar Seuntjens is a Belgian politician and member of the Chamber of Representatives. A member of Vooruit, he has represented Antwerp since June 2024.

September 3, 1998

Headlines from September 3, 1998

Lower East Side on Jersey Shore; In Bradley Beach, Chinese and Italians Find Harmony

BASEBALL -- It's Sosa's Day, but Night Belongs to McGwire; Sosa Blasts 56th Homer, Helped by Many Friends

Relax. Stocks Rarely Steer the Economy.

Overcoming, Not Just Surviving

Poughkeepsie Man Linked to Slayings Of Eight Women

Billboard 200

Follow The Leader

Hello Nasty

Da Game Is To Be Sold; Not To Be Told

Armageddon -- The Album

'N Sync

Notable Births

Historical Context for September 3, 1998