January 28, 1999

New York City Mayor Rudolph W Giuliani will propose budget that includes money for hiring 1,000 new police officers over next 18 months, move that would bring city's total police force to unprecedented 41,000; Giuliani will also call for using $2.5 billion of city's share of settlement with tobacco industry to repair aging schools and build new ones over several years; budget plan will also propose setting aside $100 million for new tax cut but will not immediately identify which taxes would be reduced (M)

Dealing with misdirected messages meant for someone with similar E-mail address discussed; relationships built as result of E-mail errors cited; photos (M)

Hundreds of thousands of investors have complained to Securities and Exchange Commission about on-line trading, now 25 percent of all retail trading and growing fast; investors report sharp discrepancies between prices they see on their personal computer screens and prices they wind up paying; as of Sept 30, number of complaints has risen 330 percent from previous year, to 1,114; SEC says complaints are coming in faster than they can be processed; SEC chairman Arthur Levitt cautions small investors to approach on-line investing with care; adds investors should take such precautions as placing limits on prices of buy and sell orders to avoid recurring kinds of problems that are plaguing emerging group of small traders called cybervestors (M)

House Republican prosecutors in Senate impeachment trial of Pres Clinton say they pared list of witnesses to three persons--Monica Lewinsky, Vernon Jordan and Sidney Blumenthal--since they could help them make broadest and strongest case that Clinton obstructed justice, impeachment article that has drawn most interest from senators of both parties; obstruction article charges Clinton with having encouraged Lewinsky to file false affidavit and to conceal gifts he had given her; charges Clinton with enlisting Jordan to find her job to buy her cooperation in Paula Jones sexual misconduct lawsuit; accuses Clinton of trying to influence testimony of secretary Betty Currie and top aides such as Blumenthal (M)

Interview with Mahmoud El-Farnawani, new breed of global lobbyist who is playing increasingly influential role about where to stage Olympics; North African members of Olympic Committee, whom he courted to win selection of Salt Lake City as site of 2002 Winter Olympics, have been implicated in recent bribery scandal; his close personal contacts with athletic officials in North Africa while member of Egypt's national volleyball team noted; photo (M)