BMW selects Leipzig, Germany, as site of factory to build 3-Series, its best-selling car; plant will open in 2005 (S)

World Business Briefing | Europe: Germany: New BMW Site Selected

New York Yankees defeat Detroit Tigers, 8-5, in first game of doubleheader; Tigers win second game, 12-4; photo (M)

Clemens Gives His All, Then the Yankees Give Out

Europe's consumer prices rose 3 percent in June, compared with June 2000 and 3.4 percent against May; euro rises to two-month high against dollar; settles at 87.06, up from 85.91, in New York (M)

Continent's Inflation Rate Eases

Iran's bid to become member of World Trade Organization is blocked by US (S)

World Business Briefing | Global Trade: Iran's W.T.O Bid Blocked

Pharmacy chain Boots PLC will begin selling products at six outlets owned by supermarket chain J Sainsbury PLC next year as part of trial (S)

World Business Briefing | Europe: Britain: Pharmacy In Trial With Grocer

Growing number of apartment towers in New York City are being designed by nationally known architects who came to prominence 20 years ago, including Richard Meier, Robert A M Stern, Hugh Hardy and Michael Graves; developers feel hiring celebrities to design part of condominiums affords public relations and cocktail party cachet; photos; drawings (M)

Condos on the Rise, by Architectural Stars

Article in series In Art's Footsteps, Landscape With Tourists, describes various paintings of scenes throughout years at Lake George, NY (L)

Painting the Pictures Of a Perfect Vacation; A Vision of Lake George as a Tourist Spot, Marketed With Striking Postcard Imagery

Treasury Sec Paul O'Neill will hand over to German officials trove of art works valued at about $15 million that was stolen from Bremen Art Museum during World War II and later smuggled into US; masterpieces include works by Albrecht Durer, Rembrandt, Jacob van Ruisdael and Jean-Francois Millet; works were among 1,520 treasures moved by museum to Karnow Castle north of Berlin for safekeeping during war; photo (M)

Twice Stolen, Twice Found: A Case of Art On the Lam

 Greenspan Suggests Fed May Reduce Rates Again  Alan Greenspan, the Federal Reserve chairman, said that the economy remained weak and susceptible to more bad news, and he suggested that the Fed might cut interest rates at least once more this year.    Mr. Greenspan also said the economy appeared to be approaching the bottom of this business cycle and could begin recovering by the end of the year. [Page A1.]

BUSINESS DIGEST

Sacramento Kings re-sign forward Chris Webber to seven year deal worth $123 million; photo (M)

Webber Stays A Very Big Fish In Sacramento

France's industrial production rose in May for first time in three months (S)

World Business Briefing | Europe: France: Industrial Output Rises

House Republican leaders, faced with threatened rebellion by party moderates, abruptly delay voting on Pres Bush's initiative to funnel more federal money to religious groups to deliver social services; dissension over Bush's 'faith-based initiative' comes week after 19 Republicans opposed leaders and voted with Democrats to torpedo Republican-set rules for debate on overhaul of campaign finance laws; this is latest sign that House Republicans are no longer marching in lock step on Bush's agenda; problem with faith-based initiative measure arises when Rep Mark Foley, Republican, threatens to vote with Democrats after being rebuffed by Republican-controlled Rules Committee in his effort to amend measure to ensure that religious groups could not ignore local statutes protecting gays against discrimination (M)

G.O.P. MODERATES DEAL NEW SETBACK TO HOUSE LEADERS

Hynix Semiconductor will suspend operations for six months at its plant in Eugene, Ore, as result of what it calls 'worst year ever for the global semiconductor industry'; Fujitsu Ltd of Japan is also scaling back production of semiconductors at its plant in Gresham, Ore (S)

Hynix to Shut Chip Plant In Oregon for 6 Months

Police in Cincinnati retreat from 'proactive' patrols in black neighborhoods, saying they fear fresh charges of racism in city that was traumatized by street clashes and vandalism in April; since then, there has been six-fold increase in shooting incidents citywide, with all but one victim black; this has further polarized city; Keith A Fangman, president of Fraternal Order of Police union, says police are 'shellshocked' by lack of political support and rising tide of investigations and complaints; insists that 50-percent drop in arrests since mid-April is not job action; there has also been 55 percent decline in traffic stops, tactic that Fangman defends as crucial to policing but that blacks often call harassment rooted in racial profiling; black civic and church leaders accuse police of shirking their duty out of resentment toward investigations by Dept of Justice and FBI into accusations of brutality, as well as toward growing docket of civil lawsuits that allege abuses; police chief, Tom Streicher, expresses sympathy for his officers; photos (M)

Police in Cincinnati Pull Back in Wake of Riots

Parents are becoming increasingly Internet saavy in effort to gain control over their teenagers' online activities; Internet age is ushering in new mode of parental oversight, in which parents set Web-based boundaries, issue computer curfews and worry about whether their hack-happy children are making trouble; many parents report checking which Web sites their children visit, reading their e-mail and checking on their instant messaging; table of monitoring tactics and tactics used by teens to thwart monitoring; photos; drawing (M)

Looking For Clues In Junior's Keystrokes

David Pogue State of the Arts column on improvements in digital photography; notes new maxi-megapixel cameras offer higher resolution but require gigantic graphics files that quickly fill up camera's memory card and take longer to transfer to computer; photos (M)

A Pattern In the Dots: Film's Rival Is Gaining

American labor movement joins Mexico's government in urging Bush administration to grant legal status to millions of illegal Mexican immigrants; AFL-CIO, which has been hostile toward immgrants for decades, has now concluded that best way to prevent immigrants from undercutting American wages is to grant them legal status and unionize them; it also recognizes that allying with Mexico on this issue will help unions attract immigrants to their ranks by improving image of unions in eyes of immigrants; Mexico's Foreign Minister Jorge Castaneda addresses hotel workers' convention in Los Angeles, and gets rousing ovation when he says illegal Mexican immigrants should be given legal status to prevent their exploitation; photo (M)

In U.S. Unions, Mexico Finds Unlikely Ally on Immigration

Bush administration will not accept any agreement with Russia to replace Antiballistic Missile Treaty of 1972 that would limit development of antimissile defenses; Pres Bush will meet with Pres Vladimir V Putin of Russia and other world leaders this weekend; his approach represents radical break with approach that has regulated military competition between Moscow and Washington for three decades; administration officials say stance reflects end of cold war and desire to give Pentagon maximum flexibility in devising defenses against potential missile threats from aspiring third world powers like Iran or North Korea; Putin gives no hint that he is prepared to abandon ABM treaty; most European governments say if 1972 treaty is to be abandoned it should be succeeded by legally binding accord that regulates development of strategic systems and makes military balance more predictable; chart (M)

Pushing Agenda for ABM's, Bush Prepares to Meet Putin

Neil Strauss's Pop Life column on rekindling of partnership between Howard Tate, rhythm-and-blues star of 1960's, and songwriter Jerry Ragovoy; they stopped collaborating almost 40 years ago after falling-out; photos (M)

Recapturing A Partnership That Was Lost

California, which warned of power shortages and forced blackouts just month ago, now has so much electricity on hand that it is selling surplus at a loss into glutted market; unusually cool July and surprisingly effective conservation efforts credited; Oscar Hidalgo, spokesman for Dept of Water Resources, warns that surplus power could quickly vanish if temperatures soar as expected in August; consumer groups which bitterly criticized state's energy policies in crisis seize on sales as evidence of what they say is poorly thought-out plan that has left state at mercy of merciless market; spokesman for Gov Gray Davis defends state's purchases, saying its response to emergency has produced greater reliability and, in long term, greater supply of power; photo (M)

California's New Problem: Sudden Surplus of Energy

Article profiles 19-year-old Kwame Brown, who was first player selected in NBA draft; he discusses playing for Washington Wizards as well as jumping from high school to NBA; photo (L)

The Education of a Millionaire

South Korea's unemployment rate dropped to 3.3 percent in June from 4.5 percent in May (S)

World Business Briefing | Asia: South Korea: Jobless Rate Falls

Article profiles David Mellor, professional groundskeeper and director of grounds for Boston Red Sox at Fenway Park, who creates lawns with grass in variety of stripes, plaids, wavy squiggles and checkerboards; also works on minor league fields; photos (M)

From Outfields to Art, One Blade at a Time

Alan Greenspan, Federal Reserve chairman, says economy remains weak and susceptible to more bad news; suggests central bank might cut interest rates at least once more this year; balances upbeat view of economy's long-term prospects against decidedly mixed forecast for rest of this year and into 2002; says economy has held up well, given all problems it has faced; appears before House Financial Services Committee to present Fed's twice-yearly economic report card; stock prices fall as investors focus on gloomy aspects of his testimony; photo (M)

Greenspan Warns of Serious Risk But Says Rebound May Be in Sight

European Commission proposes acceleration in approval of new drugs that could reduce up to half time it takes for new medication to reach markets and patients; move would bring European drug approval practices neaer those of US; plan calls for reducing time for drug companies to win approval for drugs offering major advances in treatment from 18 months to 9 to 12 months, shorter than average 14-month approval process in US last year (M)

July 19, 2001

Headlines from July 19, 2001

World Business Briefing | Europe: Germany: New BMW Site Selected

Clemens Gives His All, Then the Yankees Give Out

Continent's Inflation Rate Eases

World Business Briefing | Global Trade: Iran's W.T.O Bid Blocked

World Business Briefing | Europe: Britain: Pharmacy In Trial With Grocer

Billboard 200

Devil's Night

Songs In A Minor

Break The Cycle

Jagged Little Thrill

Survivor

Historical Context for July 19, 2001