November 14, 1998

Independent counsel Kenneth Starr, returning to Whitewater investigation that was his original mandate, announces indictment of Pres Clinton's longtime friend Webster L Hubbell; among other accusations, indictment charges that Hubbell sought to conceal from Federal regulators the role he and Hillary Rodham Clinton played in complicated land deal that helped lead to collapse of Madison Guaranty Savings and Loan; photo (M)

William C Rhoden Sports of the Times column on Wayman Tisdale's transition since his retirement from NBA basketball player to musician; Tisdale expresses hope that lockout will soon end; photo (M)

Article on Repr Michael P Forbes, Republican from Suffolk County, NY, who opposed outgoing House Speaker Newt Gingrich's re-election in 1996, and was snubbed, and is friend of incoming Speaker Robert L Livingston; says Forbes is expected to become significant force within New York's House delegation with Livingston as Speaker; holds though Forbes is not running for leadership position, he is expected to become part of Livingston's inner circle; photo (M)

Stock market turns mixed as investors await meeting of Federal Reserve policy makers to see if there will be another cut in short-term interest rates; Dow Jones industrial average gains 89.85, to 8,919.59; S&P climbs 8.03, to 1,125.72 while Nasdaq declines 3.07, to 1,847.99; Russell 2000 declines 2.84, to 389.36; in the bond market, 30-year Treasury gains 2/32, to 100 4/32, with yield falling to 5.24 percent, from 5.25 percent on Thursday; chart on Dow Jones average; list of some stocks showing significant gains and losses (M)

Paroled rapist Frank Penna, who lives across street from school in Linden, NJ, says he is victim of 'Megan's Law,' which allows neighbors to know that Penna was convicted of kidnapping and raping two young girls 22 years ago; James Johnson, who lives around the corner from Penna, admits he fired bullets into Penna's home, in hope of frightening him to move out of neighborhood; shooting illustrates how law cannot protect sex offenders from acts fo violence by neighbors; map; photo (M)