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Bloomberg 160

[ " The issue gained new immediacy after a federal court in Brooklyn found last month that the current system of picking State Supreme Court justices was unconstitutional because party bosses wield far too much power in deciding who gets to run in general elections." ]

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[ "Democrats who control the State Assembly say such a system would force candidates into expensive races, either favoring wealthy candidates or forcing judges to raise money from contributors and say they are unlikely to support the legislation unless the campaigns are publicly financed. The Assembly has passed legislation calling for publicly financed campaigns in the past, but the Senate has opposed such a measure. But there is little to suggest that the Senate and Assembly would reach such a compromise." ]

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[ "Clarence Norman Jr., a former Assemblyman and chairman of the Brooklyn Democratic Party, was convicted on charges that originated with an inquiry into his role in judicial nominations." ]

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[ "Assemblywoman Helene E. Weinstein, the chairwoman of the Judiciary Committee, said that this might be a case where the cure was worse than disease. Both Ms. Weinstein and Mr. DeFrancisco are opposed to such a system, which would take years to create." ]

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[ "John A. DeFrancisco, the chairman of the Senate Judiciary Committee, said that such a long term should require judges to campaign directly to voters. Weinstein and Mr. DeFrancisco are opposed to such a system, which would take years to create." ]

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[ "The so-called NewBank exists largely on paper, but like a superhero on standby, it can spring into action to stabilize the government securities market if a legal or financial disaster strikes. The NewBank will have no physical location and no full-time employees. In a crisis, the NewBank would take over the legal position of the existing clearing bank and replace its top officers with a small group of designated executives from other institutions. The NewBank would then take over the troubled bank's existing operations to process the trades." ]

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[ "Donald H. Layton, the former vice chairman of J. P. Morgan Chase, said that all of a sudden half of the securities would not be able to clear their overnight positions." ]

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[ "The industry's dependence on just two big institutions has long concerned the Federal Reserve, which fears the fallout of a potential trading disruption. The Federal Reserve and the Securities and Exchange Commission began raising concerns about what would happen if a clearing bank's activities were severely disrupted again. It will be set up as a limited-purpose trust company under the New York state banking laws and will also be regulated by the Federal Reserve." ]

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[ "Rick Adam, the chief executive of Adam Aircraft, said that the next day, one can have their meeting, but chances are that they won't be able to get back that day which makes it a three-day trip. Adam is one of several aircraft manufacturers that are about to introduce very light jets, little fuel-efficient four- to six-seat aircraft with ranges of about 1,200 miles and price tags in the $1.8 million to $2.4 million range, well under the current entry-level prices for business jets. Besides Adam Aircraft, the top players in this market are Eclipse Aviation, which is marketing a very light jet that its founder, Vern Raburn, refers to as the \"Model T\" of aviation." ]

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[ "Rick Adam, the chief executive of Adam Aircraft said that's a three-day trip. Mr. Adam is one of several aircraft manufacturers that are about to introduce very light jets little fuel-efficient four- to six-seat aircraft with ranges of about 1,200 miles and price tags in the $1.8 million to $2.4 million range, well under the current entry-level prices for business jets. Air-taxi operators are going to want to fly into airports where it's highly likely that when you drop somebody off you can fairly quickly find somebody who wants to hop in the taxi and go someplace else, Mr. Adam said." ]

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[ "The top players in this market other than Adam Aircraft are Eclipse Aviation, which is marketing a very light jet that its founder, Vern Raburn, refers to as the \"Model T\" of aviation." ]

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[ "J. P. Morgan conference last week, Continental Airlines said it was adding seating capacity this year, both domestically and internationally." ]

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[ "Frederic F. Brace, United's chief financial officer, said last week in a speech to industry analysts sponsored by J. P. Morgan that they are judiciously taking money and investing it in the high-value customer and at the same time they are not spending any more than they have to on the low-value customer. He said that United planned to cut in-flight service for low-value customers who quite frankly don't value it and aren't willing to pay for it while improving amenities in first class, business class and premium economy." ]

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[ "At a J. P. Morgan conference last week, Continental Airlines said it was adding seating capacity this year, both domestically and internationally but it was adding 3.6 percent more seats on domestic flights to battle incursions into its hub markets by discount carriers and was adding a substantial number of international seats in response to growing demand. Continental also added that it would increase seating on trans-Atlantic flights by 15 percent, seating on Latin American flights by 12 percent and trans-Pacific seating by 7.5 percent." ]

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[ "United Airlines said that it was planning to put a new emphasis on its premium-class cabins domestically and internationally while cutting spending on economy-class customers. He said United planned to cut in-flight service for low-value customers who quite frankly don't value it and aren't willing to pay for it. The airline will also put some emphasis on long-haul premium-class cabins, where foreign airlines dominate in customer satisfaction surveys and product reviews." ]

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[ "Hyatt Hotels is offering free annual membership which is available to Gold Passport Diamond-level members of its loyalty program, in the only currently operating Registered Traveler program. The Registered Traveler program, in which travelers who pass a federal background check receive a special ID card encoded with personal biometric data, offers a special lane for expedited screening at airport checkpoints. Hyatt said it had entered a partnership with Verified Identity Pass Inc., which now operates the only Registered Traveler program, branded under the name Clear, in Orlando, where it has more than 15,000 members who pay an annual fee of $79.95." ]

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[ "Byun Ha Jung, a senior manager at the Hyundai Asan Corporation, the South Korean company and unit of the Hyundai Corporation that is developing the park, said that for South Korean companies, the reality is that one doesn't have to go to China. He asked reporters how much they have invested in China and whether it is one billion dollars." ]

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[ "Oh Sung-Chang, senior managing director of Taesung Hata Company, a manufacturer of packaging for cosmetics, said that they have plans to build a factory here four times the size of this complex." ]

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[ "Byun Ha Jung, a senior manager at the Hyundai Asan Corporation, the South Korean company and unit of the Hyundai Corporation that is developing the park said that for South Korean companies, the reality is that you don't have to go to China. Hyundai Asan, the only large South Korean company to invest in the North, runs a growing resort in North Korea's Kumgang Mountains. But last fall, North Korean officials temporarily cut by half the number of permitted visitors because they were angry that Hyundai had fired an executive with ties to Kim Jong Il, North Korea's leader." ]

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[ "Kim Dong Keun, a South Korean who is chairman of the Kaesong Industrial District Management Committee, said that the exact amount is determined by North Korean authorities." ]

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[ "Oh Sung-Chang, senior managing director of Taesung Hata Company, a manufacturer of packaging for cosmetics, said that they have plans to build a factory here four times the size of this complex. With his plans to start construction this summer, he added that the Northern side has been very cooperative. Despite its initial reluctance, the North has thrown its weight behind the industrial park, which is now the isolated nation's largest center of foreign investment." ]

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[ "Hwang Woo Seung, president of the Shinwon Ebenezer Company, said Kaesong has more advantages than Vietnam, China, or Guatemala, citing other countries where his company produces clothes. If the leaders of the two Koreas have their way, Mr. Hwang's factory, with its 326 North Korean workers and 7 South Korean managers, will be the face of future economic cooperation for the long-divided Korean peninsula." ]

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[ "An investment group led by Kent Swig paid a record price for an apartment house when they bought the Sheffield in April for $418 million. Still, if their conversion is approved and everything goes according to plan, Mr. Swig's group will double its investment. Mr. Swig said he wanted residents to buy apartments and had offered some tenants month-to-month leases although in the same interview he said that they're not going to renew leases." ]

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[ "Bruce E. Bernstein made his way past the wires hanging from the ceiling and the pile of trash in the hallway to the freight elevator on the 10th floor of his apartment building on the Upper West Side. Mr. Bernstein and many of his neighbors at 230 Riverside Drive say that construction noise and thick layers of dust replaced the quiet sense of community. And one by one, Mr. Bernstein said, more than 100 residents left after the owner refused to renew their leases." ]

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[ "There has been a surge in the conversion of rental buildings since 2004, said Kenneth Demario, an assistant state attorney general in the office's real estate finance department, which oversees conversion plans. Mr. Demario said a majority of tenants in most buildings then were rent-regulated. They had a lot of leverage, he said, because they could refuse to go along with the conversion." ]

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[ "By opening with a party where Edward R. Murrow and his old staff are gussied up and drinking and giggling and taking pictures with their arms around one another, the viewer figures out right away that this is more than Murrow vs. McCarthy. My favorite scene starts with George Clooney as the producer Fred Friendly and David Strathairn as Murrow a couple of minutes before Murrow goes on the air with a potentially controversial report about a Red Scare flare-up in Michigan. When Friendly counts down the seconds left until Murrow goes live, Friendly sits just off-camera and taps Murrow's leg with his pen when it's time." ]

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[ " At this point, five years after oil and gas lobbyists started scoring Interior Department appointments overseeing national parks and the Bureau of Land Management, I'm heartened that I can still scrape up a glimmer of dismay." ]

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[ "Before Lawrence Summers announced his resignation as president of Harvard on Tuesday, the last upheaval of equal magnitude at the university was 140 years ago. That older drama was perhaps the most consequential episode in the history of American higher education; one that not only created the institution where a Larry Summers could flourish as a graduate student and professor, but oddly also laid the seeds of his presidential breakdown. When Larry Summers, through a series of perceived missteps and affronts, lost the support of the most vocal part of the faculty, the Harvard Corporation could not really have saved him even if it wanted to, because it was no longer clear who was in charge." ]

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[ "Lawrence Summers announced his resignation as president of Harvard, the last upheaval of equal magnitude at the university was 140 years ago. From 1846 to 1868, Harvard had five consecutive presidents whose short-lived and frustrating tenures evoke Mr. Summers's five-year stint. When Larry Summers, through a series of perceived missteps and affronts, lost the support of the most vocal part of the faculty, the Harvard Corporation could not really have saved him even if it wanted to, because it was no longer clear who was in charge." ]

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[ "The biggest result, four years later, was the selection of the next president, the chemist Charles William Eliot, who ushered in large-scale reforms that marked the renaissance in liberal arts education, not just at Harvard but also across the country. Eliot, only 35 at the time of his inauguration, published a two-part series on ''The New Education'' in The Atlantic Monthly, setting forth a national agenda for educational reform. Eliot remained president for 40 years, the longest term in the university's history, and brought Harvard into the first years of the 20th century." ]

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[ "Until the 1860s, Harvard presidents were anointed by and answered to the university's Board of Overseers, a powerful group of political and religious establishment figures that included the governor of Massachusetts, along with other dignitaries appointed by the Legislature. The 1865 law shaking up the Board of Overseers allowed the university to adjust more nimbly to events outside its gates." ]

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[ "Bruce Wasserstein, the enigmatic investment banker who runs Lazard, presented a plan to break up Time Warner, he crossed a line between adviser and co-conspirator. He proclaimed to a crowded ballroom that the plan to break the company into four pieces was his own. Mr. Wasserstein's decision to play such a prominent role in Mr. Icahn's failed fight may have exposed him as Wall Street's Emperor With No Clout. While several executives said they were generally satisfied with the work of Lazard, Mr. Wasserstein's spectacular failure has companies looking at him a little differently. Mr. Wasserstein and Lazard could have had some plausible deniability when the campaign failed to generate any enthusiasm. Mr. Wasserstein was supposed to come in, with his reputation as a master strategist someone who is two steps ahead even when he looks as if he is about to lose." ]

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[ "Bruce Wasserstein, the enigmatic investment banker who runs Lazard, presented a plan to break up Time Warner, he crossed a line between adviser and co-conspirator. He proclaimed to a crowded ballroom that the plan to break the company into four pieces was his own. Mr. Wasserstein's decision to play such a prominent role in Mr. Icahn's failed fight may have exposed him as Wall Street's Emperor With No Clout. Mr. Wasserstein and Lazard could have had some plausible deniability when the campaign failed to generate any enthusiasm. Mr. Wasserstein was supposed to come in, with his reputation as a master strategist someone who is two steps ahead even when he looks as if he is about to lose. While several executives said they were generally satisfied with the work of Lazard, Mr. Wasserstein's spectacular failure has companies looking at him a little differently." ]

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[ "Rather than making a case on behalf of his client, Carl C. Icahn, the activist investor leading the fight against Time Warner, Mr. Wasserstein assumed the role of activist investor himself, for reasons that remain inexplicable. He proclaimed to a crowded ballroom at the St. Regis Hotel in Manhattan that the plan to break the company into four pieces was his own. Wall Street's denizens might have snickered at Mr. Icahn, but Mr. Wasserstein and Lazard could have had some plausible deniability when the campaign failed to generate any enthusiasm." ]

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[ "When Bruce Wasserstein, the enigmatic investment banker who runs Lazard, presented a plan to break up Time Warner almost three weeks ago, he crossed a line between adviser and co-conspirator. Carl C. Icahn, the activist investor leading the fight against Time Warner, Mr. Wasserstein assumed the role of activist investor himself, for reasons that remain inexplicable. Ten days after Mr. Wasserstein declared that there was no compelling reason today for those businesses to remain together, and Mr. Icahn capitulated, settling his fight against Time Warner in exchange for some minor face-saving concessions." ]

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[ "Bruce Wasserstein, the enigmatic investment banker who runs Lazard, when presented with a plan to break up Time Warner, crossed a line between adviser and co-conspirator. He proclaimed to a crowded ballroom that the plan to break the company into four pieces was his own. Mr. Wasserstein's decision to play such a prominent role in Mr. Icahn's failed fight may have exposed him as Wall Street's Emperor With No Clout. While several executives said they were generally satisfied with the work of Lazard, Mr. Wasserstein's spectacular failure has companies looking at him a little differently. Mr. Wasserstein and Lazard could have had some plausible deniability when the campaign failed to generate any enthusiasm. Mr. Wasserstein was supposed to come in, with his reputation as a master strategist someone who is two steps ahead even when he looks as if he is about to lose." ]

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[ " Instead, the fundamental premise of the 343-page polemic that was called the Lazard Report, not the Icahn Report was widely panned by Wall Street, landing in the equivalent of the remainder bin before it had a chance to reach store shelves." ]

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[ "An unscientific survey of some of Lazard's top clients found that many privately expressed concerns about Mr. Wasserstein's foray into corporate activism. While several executives said they were generally satisfied with the work of Lazard. The fundamental premise of the 343-page polemic that was called the Lazard Report, not the Icahn Report, was widely panned by Wall Street, landing in the equivalent of the remainder bin before it had a chance to reach store shelves." ]

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[ "I think of Ms. Bratt, my third-year Latin teacher in high school, who had us all dress in togas and read Cicero's Catilinarian orations." ]

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[ "No one went up there in the 1950's, when on Sundays Diane (later Afiya) Dawson walked with her mother to the church, an old stone building on Henry Street on the Lower East Side." ]

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[ "Mr. Owens also represents the National Association for the Advancement of Colored People, whose chairman, Julian Bond, gave a speech in July 2004 sharply critical of Mr. Bush and Vice President Dick Cheney. The N.A.A.C.P. declined to cooperate in the following investigation, and Mr. Owens said it had not heard from the I.R.S. since early last year." ]

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[ "The agency began an investigation after a former pastor gave a sermon in which he imagined a debate among Jesus, President Bush and Senator John Kerry and in which he criticized the Iraq conflict." ]

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[ "The internal revenue commissioner, Mark W. Everson, devoted much of a speech to a civic group in Cleveland to the subject. He said that they have seen a staggering increase in money flowing into campaigns, and the question is whether all this money is encroaching upon and polluting the charitable sector. Mr. Everson warned that the agency would be more aggressive in addressing prohibited political activity as election campaigns moved into full swing." ]

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[ "The I.R.S. said yesterday that it saw a sharp increase in prohibited political activity by charities and churches in the last election cycle, a trend that it aims to reverse as the country heads into the midterm elections. The tax agency found problems at three-quarters of the 82 organizations it examined after having received complaints about their political activities, according to a report the Internal Revenue Service released. Barry W. Lynn, executive director of Americans United for Separation of Church and State, which has filed dozens of complaints about churches' political activities, said that it is no longer possible for critics to say the I.R.S. is blind or toothless, because this announcement is a pretty major indication that they are serious about educating charities and about imposing appropriate penalties." ]

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[ "Churches played a pivotal role in the 2004 elections, and the Republican Party, in particular, harnessed their influence to register, educate and deliver voters. Rick Warren, who draws more than 20,000 people a week to his Saddleback Church in Lake Forest, Calif., and the North Carolina Republican Party made waves when its leader sent an e-mail request for church directories." ]

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[ "The complaints by the group include one on July 15, 2004, against Jerry Falwell Ministries, saying falwell.com had endorsed President Bush and urged readers to donate $5,000 to the Campaign for Working Families. " ]

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[ "The complaints by the group include one on July 15, 2004, against Jerry Falwell Ministries, saying falwell.com had endorsed President Bush and urged readers to donate $5,000 to the Campaign for Working Families." ]

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[ "Mr. Owens also represents the National Association for the Advancement of Colored People, whose chairman, Julian Bond, gave a speech in July 2004 sharply critical of Mr. Bush and Vice President Dick Cheney. The N.A.A.C.P. declined to cooperate in the following investigation, and Mr. Owens said it had not heard from the I.R.S. since early last year." ]

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[ "Liz Towne, director of advocacy programs for the Alliance for Justice, which has urged the tax agency to provide better guidance, said that the Advocates for nonprofit groups are getting information out early this year, before they get into the heat of an election year." ]

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[ "Marcus Owens also represents the National Association for the Advancement of Colored People, whose chairman, Julian Bond, gave a speech in July 2004 sharply critical of Mr. Bush and Vice President Dick Cheney." ]

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[ "Arriba Soft said the use of thumbnail images in an Internet search engine did not violate the copyright of the producer of the original work. The California court's willingness to rule against the Arriba Soft precedent under a different set of facts was encouraging to the publishers' group, as was the judge's statement that the public benefit of Google's search engine does not necessarily outweigh the rights of copyright holders. Neither the Perfect 10 case nor the Arriba Soft case are direct precedents for the Book Search lawsuits, which were filed in Federal District Court in New York." ]

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[ "Mr. Adler said that even if the publishers do not assert that there is currently a market for the few lines of text displayed by Google Book Search, the fact that a market exists for the digital copies created by Google could work in the publishers' favor." ]

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[ "We tried that experiment in the wake of Sept. 11, cramming a host of agencies into one oversize Homeland Security Department. The challenge is to make the Homeland Security Department work, not to siphon away its powers and give them to other agencies. Recommending new structural changes is politically expedient because it diverts attention away from the real problem and the failures of Homeland Security under Secretary Michael Chertoff and the Federal Emergency Management Agency under Michael Brown." ]

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[ "The report by Frances Fragos Townsend, President Bush's domestic security adviser, lacks the bite of the select House committee's report of a week earlier, which was unsparing in its criticism of local, state and federal officials. If Mr. Bush wants to adopt Ms. Townsend's suggestion to set up a disaster response group inside the White House, that's fine but it won't solve their problems unless the president staffs it with strong, independent advisers." ]

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[ "H & R Block shares fell $2.18, to $23.01, after it reported disappointing quarterly earnings and a slow start to this year's tax filing season. It said it would restate its profits for the years ended April 2004 and 2005 and would have to restate profit reports for previous quarters. The problem Block has does not indicate it made errors in its own tax returns to state or federal authorities. Block said it had prepared tax returns for 4.1 percent fewer clients than in the same period of last year, although revenues were up because it raised the average fee per client 6.1 percent, to $152.66. Block said its ongoing work to remediate control weaknesses in its corporate tax function led to the restatements, which is estimated will cut 2004 profit by 7 cents a share and 2005 earnings by 2 cents." ]

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[ "That in a nutshell, is the marketing problem that H & R Block now faces. Its shares fell $2.18, to $23.01. Jack Ciesielski of Analysts Accounting Observer, said that from the looks of it, H & R Block had crossed over into the Bizarro universe, where up was down, back was forward, and black was white. Instead, it deals with the sometimes complicated process of estimating the taxes that will be owed on the profits reported in any year." ]

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[ " The Justice Department and the Securities and Exchange Commission are still investigating former executives, and the company's regulator may ask them to return bonuses." ]

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[ "Plaintiffs will receive 25 percent of any future judgments the company receives from Richard M. Scrushy, its former chief executive; Ernst & Young, its former auditor; and UBS, its former investment bank. A jury acquitted Mr. Scrushy of all criminal charges that he participated in the fraud. He still faces numerous civil lawsuits." ]

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[ "Fannie Mae and HealthSouth took their licks, while Wal-Mart Stores tried to get out ahead of its detractors on health care. HealthSouth, without admitting wrongdoing, agreed to pay $445 million to settle investor lawsuits filed after federal investigators uncovered accounting fraud." ]

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[ "Fannie Mae and HealthSouth took their licks, while Wal-Mart Stores tried to get out ahead of its detractors on health care. A report, commissioned by the directors of Fannie Mae, the mortgage giant, found that senior executives manipulated its accounting in the 1990's to meet earnings projections and ensure multimillion-dollar bonuses. The report is expected to renew calls for strengthening oversight of Fannie Mae and to limit its size." ]

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[ " In New York, light crude for April delivery surged $2.37 yesterday on the news, settling at $62.91 a barrel after the Saudi Oil Ministry said production and exports were unaffected." ]

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[ "Dubai Ports World said it expected to complete its $6.85 billion purchase of the Peninsular & Oriental Steam Navigation Company of Britain next week but agreed not to exercise control over terminal operations at six American ports yet." ]

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[ "Fannie Mae and HealthSouth took their licks, while Wal-Mart Stores tried to get out ahead of its detractors on health care. H. Lee Scott Jr., the chief executive of Wal-Mart Stores, will formally announce changes to the company's health benefits program to the nation's governors in Washington, some of whom have criticized the health care coverage the retailer provides, saying it leaves the states to shoulder many medical costs. Wal-Mart previewed new benefit rules that are aimed at loosening eligibility requirements and reducing the waiting period for new part-time employees to participate." ]

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[ "Dubai Ports World said it expected to complete its $6.85 billion purchase of the Peninsular & Oriental Steam Navigation Company of Britain next week but agreed not to exercise control over terminal operations at six American ports yet." ]

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[ "With its $6.8 billion purchase of the Peninsular & Oriental Steam Navigation Company, Dubai Ports World, which is owned by the emirate of Dubai, would acquire terminals not just in the United States, but in 18 other countries, among them Britain, Belgium, France, India and China. The deal, which is scheduled to close on Thursday, gives Dubai Ports an entry to the United States, but in other countries it will vastly increase the company's reach. Dubai Ports will also be acquiring port operations in Vancouver, Canada, as part of the purchase of P.& O., but there has been no outcry in Canada." ]

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[ " On Friday, Treasury Secretary John W. Snow indicated in a conversation with reporters that the hiatus would be used to better explain the deal, rather than review it." ]

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[ " President Bush has said he will veto any attempt to block it." ]

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[ "Nick Savvides, the editor of CI Online, a research company for the shipping container industry with headquarters in London." ]

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[ " With its $6.8 billion purchase of the Peninsular & Oriental Steam Navigation Company, Dubai Ports World, which is owned by the emirate of Dubai, would acquire terminals not just in the United States, but in 18 other countries, among them Britain, Belgium, France, India and China." ]

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[ "Gary Sutton, who has served as director of a number of public and private companies, agrees that getting another point of view is valuable, but adds that after an extended period of service, outside directors in essence become insiders. Mr. Sutton says, outside directors can lose their critical eye, or conversely think they know so much about the company that they begin to interfere in decisions that are best left to the executives who serve full time. Mr. Sutton further added that after six years, he felt like an insider, regardless of legal definitions, and it was healthier if somebody with a fresh set of eyeballs and apprehensions steps up." ]

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[ "One complication of the dispute is that another port operator, A. P. Moller-Maersk, is caught in the crossfire. Maersk, a Danish company, planned to maintain its half-interest in the terminal but could soon be without a lease to operate at the port. The Port Authority's message to Maersk, Mr. Coscia said that they were sorry he was in the middle of this, but he was in the middle of that. A spokeswoman for Maersk in New Jersey declined to comment." ]

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[ "Anthony R. Coscia, the chairman, said the company that holds a lease on the terminal through 2030 violated the contract by selling a half-interest in it to Dubai Ports World without seeking the landlord's approval. He said the Port Authority would ask a judge in New Jersey Superior Court in Newark today to affirm its right to end the lease. This should have been reviewed at the highest levels. The suits were the first by public agencies in the growing controversy over the sale to Dubai, though Mr. Coscia said other port officials were considering taking similar action." ]

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[ "He said the Port Authority would ask a judge in New Jersey Superior Court in Newark today to affirm its right to end the lease. Separately, the State of New Jersey sued the federal government in United States District Court in Trenton yesterday afternoon to block the Dubai deal." ]

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[ "One complication of the dispute is that another port operator, A. P. Moller-Maersk, is caught in the crossfire. Maersk, a Danish company, planned to maintain its half-interest in the terminal but could soon be without a lease to operate at the port. The Port Authority's message to Maersk, Mr. Coscia said that they were sorry he was in the middle of this. " ]

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[ "Anthony R. Coscia, the chairman, said the company that holds a lease on the terminal through 2030 violated the contract by selling a half-interest in it to Dubai Ports World without seeking the landlord's approval. Last night, Dubai Ports World said it would not exercise control over its new operations in the United States while the White House tried to calm opposition in Congress. The suit asks the court to order the committee to conduct a full investigation of the Dubai Ports World and to share information they gather with New Jersey's Office of Counterterrorism. But the Port Authority's only power to slow or block Dubai Ports World from arriving as a tenant rests in the lease." ]

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[ "New Jersey's suit argues that the federal Committee on Foreign Investment in the United States, which approved the deal last month, has not provided Gov. Jon S. Corzine with the information he needs to protect the state's residents. As attorney general, he said at a ceremony to swear in Zulima V. Farber, that their federal suit is really about information but he went on to criticize the decision to approve the deal quickly saying that this was very poorly executed foreign policy." ]

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[ "As defendants, the suit names the heads of the federal agencies that make up the committee, including John W. Snow, the treasury secretary, Condoleezza Rice, the secretary of state, and Donald H. Rumsfeld, the secretary of defense." ]

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[ "The Port Authority of New York and New Jersey will break the lease of a big container terminal at Port Newark to stop a company based in Dubai from taking over part of the operation there, the agency's chairman said yesterday. One of the subsidiaries it would acquire, P & O Ports North America, owns half of the company that operates the Port Newark Container Terminal." ]

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[ "The lawsuit said Bush administration officials failed to fulfill their duty to fully investigate the national security implications of the transaction." ]

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[ "In March 2003, in the aftermath of the Sept. 11, 2001, terrorist attacks, inspectors from Customs merged with inspectors from the Immigration and Naturalization Service and the Department of Agriculture's Animal Plant Health Inspection Service to form a unified border agency. It was called Customs and Border Protection, a part of the Department of Homeland Security." ]

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[ "Dr. Irwin Redlener, director of the National Center for Disaster Preparedness at Columbia University, said that preventing dangerous agents at ports of entry was impossible with the current technology. But he suggested that it was critical that various arms of the federal government charged with watching the borders work together. He cited three critical areas: early detection, enhanced laboratory capacity to do the necessary testing and vigilant clinicians who are trained to make a diagnosis. He said that despite billions of dollars in expenditures, he doesn't think the nation has made significant progress in those areas." ]

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[ "Vado Diomande left New York for West Africa in early December. He went through Abidjan, the commercial capital of Ivory Coast, and to his hometown, a dusty speck of a village so small that it is not identified on many maps. There, in Tousingha, or on the road to it, Mr. Diomande, 44, bought five goatskins that authorities say he sent on a plane to a warehouse in Brooklyn, where he cleaned them and turned them into the drums that made the music he spent much of his life celebrating. The first time that Mr. Diomande, who lives in Greenwich Village, was obligated to inform authorities about his purchases was when he packed the shipments of goatskins to send them out of Ivory Coast as cargo." ]

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[ "United States Customs and Border Protection officials in New York and Washington say that if Mr. Diomande had followed regulations precisely, an entry form filed with a Customs broker would have spelled out what was being imported. In March 2003, in the aftermath of the Sept. 11, 2001, terrorist attacks, inspectors from Customs merged with inspectors from the Immigration and Naturalization Service and the Department of Agriculture's Animal Plant Health Inspection Service to form a unified border agency. It was called Customs and Border Protection, a part of the Department of Homeland Security." ]

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[ "The American ambassador, Zalmay Khalilzad, has reached out to Sunnis, pushing to include them in the government and pressing Shiite leaders hard to keep politicians with ties to Shiite militias out of sensitive security posts. Mr. Khalilzad said Monday that the United States would not invest the resources of the American people in Iraqi security forces if they were run by people who are sectarian. The comment provoked unusually direct criticism from Shiite leaders, some of whom suggested that maligning the Iraqi security leadership led to the attack on the mosque in Samarra on Wednesday. In Baghdad and among some experts, there were questions about how much Mr. Khalilzad's influence could help broker a political solution given the anger between Shiites and Sunnis, and the Shiite anger at Mr. Khalilzad himself." ]

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[ "Reuel Marc Gerecht, a fellow at the American Enterprise Institute who supports the American efforts in Iraq said the situation was very, very, very bad." ]

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[ "The drug's developer, GTC Biotherapeutics, said it would appeal the decision, adding that the ruling was based mainly on a problem with its clinical trial, not on the fact that the drug was made in goats. GTC and a few other companies put human genes into animals so they produce a human protein in their milk. Other protein drugs, like the one GTC, is developing, are extracted from donated blood, but are found in such minute quantities that they are often in short supply. GTC said it would take 90,000 blood donations to obtain as much of the protein as one of its goats can produce in a year." ]

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[ "The initial ads carry headlines like \"Someone smooth is waiting at the bar,\" \"Meet someone smooth tonight\" and \"Succumb to smooth.\" Ewen Cameron, chief executive and executive creative director at Berlin Cameron United in New York, part of the United division of the WPP Group, which was awarded the Heineken Premium Light account in December, said that the goal is to entice the light beer drinker with the notion of something a little better, a little more exciting. Mr. Cameron added that it's a relationship metaphor and that they have talked to light beer drinkers in their late 20's who said there's nothing wrong with light beer, but there's a kind of settling for it." ]

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[ "Anheuser-Busch introduced a higher-priced light beer, Michelob Ultra Amber, with a campaign that started during Super Bowl XL and is continuing during the Winter Olympics. Anheuser-Busch signed a deal to become the United States importer of brands sold by another Dutch brewer, Royal Grolsch, which is bringing out Grolsch Light Lager in five states. Mr. Bellas noted that the first light beer sold by Anheuser-Busch was called Natural Light; Bud Light did not follow for years." ]

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[ "Heineken Premium Light will be the second light beer sold in this country by Heineken, joining Amstel Light, introduced in the 1980's. The company will also put up a separate site, heinekenlight.com, on Wednesday to complement sites for its two other brands, amstellight.com and heineken.com. Benj Steinman, editor of Beer Marketer's Insights, an industry newsletter in Nanuet, N.Y. Heineken is the No. 2 import over all, behind Corona Extra, said that Amstel Light, which appeals to a somewhat older, female audience than Heineken Premium Light is meant to attract, is neck-and-neck with Corona Light as the best-selling imported light beer." ]

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[ "Heineken Premium Light will be the second light beer sold in this country by Heineken, joining Amstel Light, introduced in the 1980s. The online campaign for Heineken Premium Light is the leading edge of a multimedia effort with a budget estimated at $50 million. Heineken Premium Light is meant to attract, is neck-and-neck with Corona Light as the best-selling imported light beer. Heineken is the No. 2 import overall, behind Corona Extra. Mr. Steinman said, that Heineken Premium Light may lure drinkers from Amstel Light rather than competitive brands. The most rapid growth in the beer market is in the high end, but light beer is very underrepresented in the high end, Mr. Steinman said. The online campaign for Heineken Premium Light is being created by Modem Media." ]

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[ "Last week, the mayor, Antonio R. Villaraigosa, a Democrat who took office last July and is also chairman of the Metropolitan Transportation Authority, a regional transit agency, flew in a traffic helicopter over the glittering predawn snarl to press his main point. In an interview, Mr. Villaraigosa, who campaigned on a promise to end gridlock, said he would soon roll out an aggressive plan to tow parked cars blocking major arteries. He also said engineers were studying the possibility of more bus express lanes on some of the city's widest streets." ]

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[ " ''Everyone has to get out of their cars every once in a while,'' he said, sitting in the clattering copter during a KABC-TV traffic report." ]

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[ "Coming back from vacation, Laurence D. Fink was hit with the news that his division had lost $100 million on a series of risky bets on the volatile mortgage market. Mr. Fink, now chief executive of BlackRock, the rapidly growing asset management company, said that what he learned is that one has to understand ones risk in good times and bad times and that the pain of losing money is far greater than the glory of making money. Twenty years later, almost to the date, Mr. Fink has ascended to a career and personal mountaintop: last week, he clinched an industry-rattling $9.8 billion merger with Merrill Lynch's asset management unit. With BlackRock's stock soaring, he is worth more than $230 million, and, it seemed, just about everyone on Wall Street wanted to take him out to lunch." ]

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[ "Mr. Fink, chief executive of BlackRock, the rapidly growing asset management company. Mr. Fink has ascended to a career and personal mountaintop he clinched an industry-rattling $9.8 billion merger with Merrill Lynch's asset management unit. While not necessarily an unheard-of notion, it was enough to attract the attention of two of Wall Street's most aggressive chief executives, John J. Mack of Morgan Stanley and E. Stanley O'Neal of Merrill Lynch, both of whom were looking for a fund company with assets that could draw in their institutional and retail clients. Mr. Fink chose Mr. O'Neal and Merrill Lynch. At Merrill, the firm's portfolio managers occupy a warren of small offices in the firm's labyrinthine Plainsboro, N.J., campus, many miles away, literally and philosophically, from the BlackRock mother ship." ]

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[ "With BlackRock's stock soaring, Mr. Fink is worth more than $230 million, and, it seems, just about everyone on Wall Street wants to take him out to lunch. The lessons he has learned from it have informed a core aspect of what he calls the BlackRock way, which is that a portfolio of assets scrubbed well enough for risk can appeal to both sophisticated institutions aching for flashy returns as well as more risk-averse retail investors. In the end, it was the high price of BlackRock's stock that dissuaded Morgan Stanley from doing the deal. At BlackRock, Mr. Fink's portfolio managers sit and brainstorm in an open arena just outside his glassed-in office." ]

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[ "Barbara Hunt McLanahan, director of the 10-year-old foundation, formed after the 1994 death of Mr. Judd to preserve his living and working spaces in New York and Marfa, Tex. said that between New York and Marfa, we have 16 permanently installed buildings. She said the sale was very much in keeping with Mr. Judd's belief in permanent installations; he considered the environment in which art is placed as important as the art itself. She said it chose Christie's because it came forward with the best proposal and organization. Americans in Paris, Terra Foundation for American Art and the Louvre in Paris will collaborate on \"American Artists and the Louvre,\" a show of 30 works from the Terra and other American institutions that will be on view, which will be one of the few times that American art will be on view at the Louvre in its 212-year history." ]

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[ "Donald Judd Sculptures To Be Auctioned In an effort to create a $20 million endowment for the support of its permanent installations in New York and Texas, the Donald Judd Foundation has decided to sell about 35 Judd sculptures at Christie's in New York on May 9. In his will, Mr. Judd stated, that such works of art which he owns at the time of his death as are installed at 101 Spring Street in New York City, or in Marfa, Tex., will be preserved where they are installed. His home and studio on Spring Street, which he bought in 1968, was a laboratory for his ideas and includes works by Mr. Judd, Dan Flavin, Frank Stella, John Chamberlain, Carl Andre and Claes Oldenburg." ]

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[ "Five months after the Ethan Allen tour boat capsized under a clear sky in Lake George, N.Y., killing 20 of the 48 people onboard, the operator of the boat said yesterday that he could not pay out claims to survivors and the families of those who died because his insurance company contended that his policy covered accidents occurring on land, not water. Mr. Quirk, whose family owns Shoreline Cruises, the operator of the Ethan Allen and several other tour boats, said that they have the original insurance quotes, the proposal, which is clearly for marine liability." ]

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[ "Jim Quirk, the owner, said his insurance company, Global Property Owners Association, had led him to believe that his $2 million policy included marine liability insurance. He said that the policy proposal the company sent him more than a year ago covered accidents on water, and that he made several payments on the policy. But Mr. Quirk said that when he finally took a close look at the policy last month, he saw that it did not cover marine liability. As a result, Mr. Quirk said, Global Property has declined to pay the families of victims who have demanded reimbursement for funeral costs, and the survivors who are seeking payment for hospital bills." ]

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