Faces of '97 ALL EDITIONS

UP IN SMOKE. Mississippi attorney general Michael Moore, a key player in the proposed landmark tobacco regulation, was instrumental in uniting dozens of state attorneys general to sue the industry to recover smoking-related Medicaid costs and in negotiating a $368.5 billion nationwide settlement. Co...

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Published inNewsday
Main Author This story was written by Elizabeth Sanger with contributions from James Bernstein, Harry Berkowitz, Kenneth C. Crowe, Richard J. Dalton Jr., Randi Feigenbaum, Susan Harrigan, Tom Incantalupo, Pradnya Joshi, James T. Madore, Carrie Mason-Draffen, Gary
Format Newspaper Article
LanguageEnglish
Published Long Island, N.Y Newsday LLC 28.12.1997
EditionCombined editions
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Summary:UP IN SMOKE. Mississippi attorney general Michael Moore, a key player in the proposed landmark tobacco regulation, was instrumental in uniting dozens of state attorneys general to sue the industry to recover smoking-related Medicaid costs and in negotiating a $368.5 billion nationwide settlement. Congress soon will begin deciding how to reshape the pact. - - - MORE RESERVED. Federal Reserve Chairman Alan Greenspan came into 1997 like a lion and went out like a lamb. After ending 1996 with a grave warning about "irrational exuberance" in the financial markets, Greenspan pushed interest rates up a quarter of a percentage point in March, hoping to calm the economy. In return, they soon will control 2.5 million cable subscribers in the lucrative New York market, including everyone on Long Island. The duo wheeled and dealed to become majority owner of Madison Square Garden, the Knicks and Rangers, added the Rockettes and Radio City Productions to their entertainment assets, and got a sweet deal on stock in @Home Network, a high-speed Internet service.