February 12, 2003

New York State Senate, 52-8, approves Gov Pataki's antiterrorism legislation, throwing down gauntlet to Assembly's ruling Democrats on bill that rolls back some civil rights to help police ferret out terrorists; bill is passed in hasty vote, without public hearing, after bitter debate (M)

New York Yankees manager Joe Torre discusses team's early exit from postseason in 2002, pressure to win this year, and need to pare down surplus of starting pitchers during spring training; photos (M)

World Business Briefing: Switze

Federal Reserve chairman Alan Greenspan rebuts many of Pres Bush's arguments for big new tax cuts, saying economy probably does not need short-term stimulus and warning that budget deficits could spiral out of control; tells Senate Banking Committee he disagrees that rising deficits have little link to higher interest rates and pointedly takes issue with Bush argument that best way to balance budget is by promoting growth through tax cuts; Greenspan says biggest obstacle to faster growth is uncertainty about war with Iraq; says he does not expect Fed to raise interest rates any time soon; Republicans, trying to put best face on testimony, emphasize Greenspan's agreement on ending dividend tax, with angry Sen Jim Bunning suggesting chairman should step down; photos; Democratic leader Tom Daschle sees 'kiss of death' to Bush plan; Greenspan bluntly challenges Bush's minimizing of deficits, and insists that ending dividend tax must be offset by other revenue increase (M)

Cinar Corp names Stuart C Snyder as president and chief executive; photo (S)