; : i—
`
`THE WALL STREET JOURNAL.
`
`© 2000 Daw Jones & Company,
`
` Inc. Att Rights Reserved
`
`• VOL.
`
` CCXXXV xo m T U E S D A Y.
`
` M A R CH 28.-2000 W S I . c om
`
`What's News—
`
`Exlstkig-Home Sales
`
` . . .. 75
`
`WorkWeek
`
`A Special News Report About Life
`On the Job —- and Trends
`Taking Shape There
`
`The Calling
`John Paul's Frailty
`Stirs Emotional Debate
`Business and Finance
`Over Papal Retirement
`OPEC MEMBERS couldn't agree
`Are There Limits to Tenure
`Of a Man Who Answers
`To No One but God?
`Celestine and His Donkey
`
`on how mtich to increase oil pro-
`duction. with Iran In particular insist-
`ing on a smaller boost than Saudi Ara-
`bia wants. Despite weeks of back-room
`negotiations meant to lead to a quick
`consensus, the meeting adjourned
`with only an agreement to return to
`the table today. Crude prices fell.
`Greenspan dismissed worries the
`runup in oil prices would spark infla-
`tion, suggesting the economic impact
`would be negligible If fuel costs stayed
`at a plateau around current levels.
`(Artktn on Pton A3 and A4l
`
`Some brokerage firms are ratchet-
`ing up efforts to pay upfront bonuses
`and provide other perks to brokers, po-
`tentially running counter to the spirit
`of a high-profile effort by SEC regula-
`tors to clean up'conflicts of interest.
`(Article on P»o» CI)
`
`Jamie Dimon was picked to be
`chairman and CEO of Bank One. the
`nation's fifth-largest bank. Bank One
`shares rose 8.8% on the news the for-
`mer Citigroup president had the job.
`
`Philip Morris and R.j. Reynolds
`were told by a California Jury to pay
`$20 million In punitive damages to a
`sick smoker, underscoring cigarette
`makers' vulnerability in the state.
`(Article on Ptge All
`
`* * *
`
`7
`
`Microsoft continued working with
`the U.S. toward a possible settlement,
`even as a federal Judge prepared to
`rule soon if the effort fails, people close
`to the case said. Its stock fell £.8%.
`(Article on Root All
`
` C E N TS
`Safe and Effective
`Many Medicines Prove
`Potent for Years Past
`World-Wide
`Their Expiration Dates
`OS HA PUSHES. builders to Improve
`PUTIN COMES UNDER SCRUTINY af-
`workplace safety.
`ter winning election as Russia's president.
`Construction sites h^<e always been
`Since 1985, FDA Has tested
`dangerous places, but they're getting more
`Governments and investor?are watching
`the 47-year-old former KGB spy's moves for
`as the tight labor market Increases
`Military Drug Stockpile
`clues to an agenda that largely remains a
`number of Inexperienced workers on the
`mystery. His slim victory Sunday, in which
`More than 1,200 construction workers
`To Extend Shelf Lives
`he drew 53% of the vote, also calls Into
`were killed at work last year, up 25% since
`question the depth of his domestic support.
`1992. /
`In response; the agency Is focusing
`Putin ordered payment of wage arrears but
`What the Dates Really Mean
`SALES of existing single-family homes
`admitted he has no quick solutions to pov-
`more on eliminating safety violations
`in the U.S. rose in February to a seasonally
`erty and corruption. He visited Yeltsin, the
`through cooperative safety "partnerships"
`adjusted annual rate of 4.750,000 from a
`patron he granted immunity from any pros-
`such as j^ts recent accord with the Associated
`revised 4.450,000 In January, the National
`By LnmiE P. COHEN
`ecution. (Articles on Page A21 and A24)
`Builders & Contractors trade group. Con-
`Association of Realtors reports. (Article on
`Sta/I Reporter of Tur W»ix STuricr J o > » «u
`Clinton called to congratulate the
`tractors who meet strict safety and training
`page A2.)
`Do drugs really stop working after the
`president-elect and urged an investiga-
`standards set by the ABC will face fewer
`dattbstam|*d cn the bottle?
`tion of allegations of human-rights
`OSHA inspections, and will get a break on
`fifteen years ago. the U.S. military
`Guam's Roots Are
`abuses by Russian troops in Chechnya.
`regulatory hassles'over technical violations.
`decided to find out. Sitting on a $1 billion
`"We want to spend less time at
`stockpile of drugs and facing the daunting
`sites u-here hazarfip are being con-
`A confrontation over Elian Gonzalez may
`So Deep in Spam,
`process of destroying and replacing its
`be nearing as Florida relatives asked for a
`trolled. " says OSHA Administrator
`supply every two to three years, the mill
`Charles Jeffress, "and more at sites
`quick appeal of their asylum-request rejec-
`They're Hard to Find
`tary began a testing program to see If It
`u-here they aren't."
`tion but Ignored a Justice Department de-
`could extend the life of its inventory.
`mand that they agree to hand over the boy if
`The testing, conducted by the Food and
`they lose. In a TV interview, the six-year-old
`COUNT ME IN plans "mlcroloans" for
`Drug Adminlstrd'ion, ultimately co#red
`told of his harrowing voyage from Cuba and
`U.S. women.
`more lhan 100 drugs, prescription and
`said he doesn't believe his mother is dead.
`In developing nations, microfinancing
`over-the-counter. "Sie results, never before
`programs - where aid groups make small
`repotted, show that about 90". of them
`Gore's campaign-reform plan would put
`loans to poorentrepfeneurs who can't qual-
`were sate and effective far past their
`pressure on powerful broadcasters aitff en-
`ify for conventional loans - have proven very
`original expiration datg, a! least one tor 15
`sure a bitter fight with Congress. Admitting
`effective. Today, newly formed Count Me In
`years past it.
`he is an "imperfect messenger" "for such a
`for Women's Economic Independence kicks
`In light of these results, a former
`cause, he wants a $7.1 billion endowment to
`By ROBERT FRANK
`ofr a campaign to make such loans available
`director of the iesling program, Francis
`Sta// Reporter of Tur W«u. STHKKT JOURNAL
`fund political races, and free air time. Bush
`in this country, specifically for women. The
`HAGATNA. Guam - The brochures for
`Flaherty, says he has concluded that'expi-
`dismissed the plan as a "government take-
`nonprofit is the brainchild of Nell Merlino.
`this breezy Pacific outpost boast of a
`ration dates put on by manufacturers
`over" of campaigns. (Article on PageCIO)
`creator of "Take our Daughters to Work
`"small island containing a world of cul-
`typically have-no bearing on wheiher a
`Day."
`tures." On the main drag in downtown
`drug is usable for longer.
`The drive will "seek to raise at least
`The House Democratic leader begins a
`Hagatna. Japanese noodle shops Ihrive
`Mr. Flaherty notes thai a drug maker Is
`110 million by soliciting $5 donations from
`drive today to paint his party as the New
`amid Dairy Queens, cha-cha clubs. Span-
`required to prove only <hat a drug is still
`Economy's friend, with proposals for tax
`women. Proceeds will be used to provide
`ish style Catholic churches and American
`good on whatever expiration dale the
`breaks for Internet firms and commerce and
`loans of from $500 to $10,000 to help remale
`strip clubs. There's even a Wild West-style
`company chooses to set. The expiration
`entrepreneurs do "all the sorts of things
`more visas for foreign technology workers.
`shooting gallery that doubles as a wedding
`date doesn't mean, or even suggest, that
`A rise in Silicon Valley donations may help
`women can't get a loan to do now." says a
`chapel for visiting South Koreans.
`the drug will stop being effective after that.
`his bid to be speaker. (Article on Page A32)
`spokeswoman. Count Me In. which says a
`And what about the native culture of
`that it will become harmful.
`lack of credit history often makes it hard for
`Guam? "Oh, gee. I'minot stjr«-where to
`The Supreme Court refused to overturn a
`
`women to qualify for standard loans, says it Marketing Issue
`even Took." says a Japknsstfconcirtge at
`provision of the 1996 Welfare Reform act thjii
`will devise a "women-appropriate credit
`"Manufacturers put expiration dates
`the Guam Hyatt Regency. "Maybe the
`scoring" technique.
`lets the government deny food stamps and
`for marketing, rather than scientific,
`mall?"
`other benefits to noncitizen residents. Jus
`reasons.' says Mr. Flaherty, a pharmacisl
`Cold War Castaway
`tices also refused to decide whether people
`HEAVY OVERTIME can strain blue-col
`at the FDA until his retirement last'year.
`Forg^elJuam its confusion. Officially,
`lar families, research finds.
`filing for federal bankruptcy protection ca
`"It's no! profitable for them to have prod-
`this Sma*-volcanic island In the middle of
`avoid repaying state-school student loans.
`A study by Cornell University's School of
`ucts on a shelf for 10 years. Thev want
`the Pacific, which has been colonized three
`Industrial and Labor Relations finds union-
`turnover."
`times, is an "unincorporated territory of
`Clinton's South Asia trip produced little
`ized hourly employees work ah average of
`The FDA cautions that there isn't
`the U.S." Unofficially. It's a Cold War
`progress in resolving the enmity between
`6.63 hours of overtime on top of their regular
`enough evidence from the program, which
`castaway looking for a purpose. For dec-
`nuclear-armed neighbors India and Paki-
`40-hour week. But while many employees
`Is weighted toward drugs needed during
`ades. it was supported by the Navy, and
`stan. or In restarting Israel-Syria peace
`worked only a few extra hours p?r week. Just
`combat and wlflch tests only Individual
`more recently, by Japanese tourists look-
`talks. The lack of results raises the question
`over one-fifth of the workers - som<
`manufacturing batches, to conclude that
`of whether hi? leverage Is fading with 10
`ing for a nearby beach and duty free
`referred to by co-workers a-;: "overtime
`most drugs in people s medicine cabinets
`left In office. (Article on Page A32)
`Chanel bags. Through It all. people here
`hogs"-work at least 11 and sometimes more
`are potent beyond the expiration date.
`than20houreofOT. 6
`have patiently adopted the language, food,
`rt warned that it will proceed with a
`SllK, Joel Davis, a former FDA expiration
`
`unilateral withdrawal from Lebanon despite clothing and religion of their Invaders In
`Many of the nearly 4.300 workers in
`date compliance chief; says that with t
`hopes of being accepted.
`the continued impasse with Syria, raising a
`the study sough! tl^ overtime and pSid they
`handful of exceptions - notably nitroglyc:
`risk of confrontation with Damascus. Sepa
`Yet now. with self-determination all the
`would like even more hours. Why? The study
`crin. insulin and some liquid antibiotic* -
`rately, Barak easily survived a Likud no-
`
`rage around the world. Guam Is looking for cites "Job Insecurity and financial strain."
`most drugs are probably as durable as
`confidence motion on his Jerusalem policy.
`But "the hidden costs" of big overtime "may
`those the agency has tested for the mill-'
`be greater than suspected." the study notes.
`tary. "Most drags degrade very slowly,"
`A record number of poor families need
`Workers who put In more than 50 hours a
`he says. "In-all likelihood, you can lake a
`rent aid, HUD Secretary Cuomo said in a bid
`week reported a much freater incidence of
`product you have at home and keep it for
`to pry more affordable-housing funds from
`' "severe"" work-family conflicts.
`many years, especially if It's in the refrig-
`congress. Those spending more than half
`H"Orkers pressed into OT 'work by
`erator."
`their earnings on rent rose 12^ since 1991.
`supervisors should "significantly
`Manufacturers' View
`while the number of affordable-housing
`higher" levels of Urns, alcohol use. and
`Drug-Industry officials don ! dispute
`units Ml by 370.000. (Article on Page A2)
`absenteeism, the study found.
`the results of the FDA's testing, within
`An ally of Minnesota Gov. Ventura lost a
`what is called the Shelf Life Extension
`ONLINE RECRUITING accounted for
`federal court battle over control of the
`Program. And they acknowledge that expi-
`one out of every eight new hires last year,
`ration dates have a commercial dlmen
`Reform Party. The judge ruled Ross Perot's
`according to kforce.corn's recent poll of 300
`1996 rannlng mate, Pat Choate. Is the legiti-
`skm. But they say relatively short shelf
`U.S. companies. The Web-based starring
`mate chairman. The split has badly hurt the
`lives make sense from a public-safety
`concern's poll round many companies plan-
`party's prospects for the fall elections.
`standpoint, as well.
`ning to expand their efforts. Leading disad-
`New, more-beneficial drags can be
`vantages they listed for onlirifc Job searches:
`Ugandan cult Investigators round 74
`brought on the market more easily if the
`too many applicants, too many unqualified.
`more bogles, some with stab wounds. That
`old ones are discarded within a couple or
`In addition to promising resumes. "We get a
`brings tomM* than 560 the number of deaths
`years, they say. Label redesigns wort,
`lot of Junk" noted one respondent.
`tied to the millennial!!! Movement for Res-
`better when consumers don't have earlier
`toration of the Ten Commandments of God."
`versions on hand to create contusion. From
`'HELL FREEZES OVER': That's the
`the companies' perspective, any liability
`tongue-in-cheek headline on a recent.AFL-
`Burundi's Tutsi military ruler agreed to
`or satety risk is diminished by limiting the
`CIO newsletter Item noting that two tradi-
`negotiate a cease-fire with Hutu rebels Who
`period during which a consumer might
`tional enemies - the United Farmworkers
`have fought a long civil war that has killed
`misuse or Improperly store a drag.
`union and longtime foe the Western Growers
`thousands. A regional delegation led by
`"Two to three years Is a very Yom/ort
`Association, an agricultural-Industry
`South Africa's Mandela secured the pledge.
`able point of commercial convenience."
`group - had found a bit of common ground.
`says Mark van Arandonk, seniordirector
`Officials of both groups Joined to publicly
`A plant exptostoa near Houston Injured
`for pharmaceutical development a! Phar
`endorse a $1.97 billion California water-Ira
`at least 52 people, some severely. The Phil-
`macla ft Upjohn Inc. "It glveV us enough
`provement ballot proposal. The bond meas-
`lips Petroleum complex was the site of a
`time to put the Inventory In warehouses, '
`stage for a new round of
`ure. which state voters subsequently ap'
`1989 series of blasts that left 23 people dead,
`ship it and ensure it will stay on shelves
`talks with Congress on the Island's status.
`proved, will fund a host of flood-cpntrol and
`and an explosion last year that killed two.
`long enough to get used." But companies"
`Guam's indigenous Chamorros are band-
`wkter-storage improvements: Some projects
`uniformly deny any effort to spur sales
`ing together to fight for Chamorro rights,
`wtll benetit ever-thirsty agricultural Jnter-
`French Prime Minister Jospin reshuffled
`through planned obsolescence.
`Chamorro businesses and. most of all,
`ests. but farm-worker communities will get
`his cabinet. Predecessor Laurent Fabkxa
`Chamorro culture.
`safer water and other benefits.
`Why Not Longer?
`becomes finance minister, while Socialist
`Leading the charge Is the Chamorro
`Irebrand Jack Lang succeeds the embattled
`Now (hat the FDA has found that many
`Nation, a group of tattooed youths and
`fT COULD HAPPEN: A KPMG Interna-
`iducattpn minister. (Article on Page A22)
`drags are still good long after they have
`tribal activists who seek to reclaim the
`supposedly expired, why doesn't It fifto-
`country. Their methods are mild - aside
`Naming of special counsel was urged by
`cate later expiration dates for consumer
`from staging the occasional sit-in. they
`tep. Burton, who says the Justice Depart
`drugs? One reason Is that the consumer
`give beach tours and fauna lessons.
`mem Isn't neutral enough to lobk Into White
`market lacks the military's logistical rea-
`The group has gained widespread popu-
`FERTILIZER THIEVES give fanners
`House failure to hand over e-mails. Reno Is
`sons to keep drags around longer.
`larity on ah Island searching for Its preco-
`soaetlriag aew to wsrry abwt.
`unlikely to comply. (Article on Page A6)
`Frank Hoicombe. associate director of
`lonlal roots. "We've had some tough times
`Anhydrous ammonia, a commonplace
`the FDA I office of generic drags, says that
`since Magellan landed" In 1521, says Eddie
`farm fertilizer, can enrich more than the
`In many cases a manufacturer could ex-
`L.G. Benavente. leader of the Chamorro
`soil: The foul smelling liquid Is a key ele-
`tend expiration periods again and again,
`Nation,-and a teacher at Guam's John F.
`ment In a recipe for cooking up the Illegal
`but to support those extensions. It would
`Kennedy High School. "But now It's time to
`street drug methamphetamlne. or crank.
`have to keep doing stability studies, and
`Tbcmkrogen-rtch farm chemical Isn't sold to
`Please Turn to Page AS. Mumn I
`keep more in storage than It would like.
`the public, so drag dealers have taken
`Mr. DavU adds: "It s not the Job of the
`to stealing the stuff from farmers' fertilizer
`FDA 4o be concerned about a consumer's
`tanks across the Corn Belt.
`economic Interest." It would be up -to
`It's not losing a few gallons of Inexpen-
`Congress to Impose changes, he says.
`sive fertilizer that worries farmers. It's the
`As things stand now. expiration dates
`PC
`prospect of clueless city-slicker thieves han-
`get a M of emphasis For Instance, tr*re is
`problems? Send In the geeks. Bl.
`dling the dangerous product. NHS can
`a dMpalgn. co-sponsored by some drug
`freeze-dry skin in Its liquid form, and It
`r*aWh. that urges people to discard pills
`OHUNAHONAL: BU body forces
`forms a toxic vapor when exposed to the air.
`wlfll they reach the date on the label.
`Spanish oil firm to ease pact, A22.
`Last month, authorities evacuated 250 peo-
`And thatiUte often is even earlier than
`REVIEW * OUTLOOK - Gasoline taxes
`ple from rural Pleasant Hill. Mo., after
`the one the maker set. That's because
`somebody tampered with an agriculturai-
`Gore's green constituency, AN.
`when pharmacists dispense s drag In any-
`servlces company's fertilizer tank, causing
`container other than what it came to them
`OPINION: Francis Fukuyama on
`Dr. Reddy’s Laboratories, Ltd., et al.
`a200-gaHonspUl.
`In. they routinely cut the expiration date to
`giving aid to Colombia. AM.
`nrai cops Kte fertituer theft as a
`Just one year after dispensing. Some Hates
`barometer of dntg-maktng activity in
`LIBURE ft ARTS: Frederick C. Klein
`even rwjutre pharmacists to do this.
`v.
`Meanwhile, poor countries Under ur*
`on the Final Four, AH.
`lng from the World Health Organization -
`Helsinn Healthcare S.A., et al.
`e break: Wort
`often reject dragcompany donations of
`g restrictions and soaring re-
`much needed medicines If they are within
`' ted send cigantoe consump-
`a year of their expiration dates
`U.S. Patent No. 8,729,094
`l. down « last' year, to the
`it lsn:t known how much of the $120
`I since 1167, according to the
`button plus spent annually In the U.S. on
`re Department.
`r-the-counter met
`Reddy Exhibit 1020
`-JAMBS P. Miixot
`I* AH. Column I
`
`• • •.
`
`The Mall Is a Place to Look—
`For Chamorro T Shirts;
`The Layers of Assimilation,
`
`• • •
`
`By LIMA MILLER
`Sla// Reporter o/Tur WALL STKKKT JOURNAL
`ROME-Should he or shouldn't he?
`Luca Mastroserlo thinks he should.
`While Pope John Paul II was In the Holy
`Land last week. Mr. Mastroserlo was
`hanging out in the crowd of young people
`that gathers dally in the piazza near the
`Pantheon. The 25-year-old art student
`thinks "the aging pontiff should resign his
`post. "Like all people - when they're old.
`they retire." says Mr. Mastroserlo.
`But Paoia Biondi. who is sitting nearby,
`disagrees. "He can be a good shepherd
`even though he's old and tired." says Ms.
`Biondi. who Is 29 and a psychologist.
`From the cobblestone streets near St.
`Peter's Square to rural dioceses in the
`American Midwest.
`people are debating
`a question that In
`many ways exem-
`plifies the Roman
`Catholic Church's
`age-old struggle be-
`tween tradition and
`modernity: Is the
`Holy Father so frag- „
`IJe that he should. »
`step down?
`Triggered by
`John Paul li s obvi- ,
` Pope John Paul II
`ously declining
`health - in Jerusa-
`lem on Sunday he needed help rising from
`his knees in the Church of the Holy Se
`pulchre-and fueled by a German bishop's
`controversial public remarks on papal re-
`tirement early this year, the debate has
`reached .a fever pitch. Both In private
`conversation and in the press, people are
`talking about canon law. God's will and the
`one famous instance of papal retirement,
`in 12M. "It's a reeding frenzy." says
`Margaret Melady. president of the Ameri-
`can University of Rome.
`Even devout American Catholics such
`as Gerard Roche struggle with the ques-
`tion of whether John PauNI. who turns 80
`In May. is too frail ID lead the world's
`billion Catholics. On the one hand, last
`week's trip convinced MfNRoche that the
`pope remains a powerful spVltual leader.
`jOn the other hand, "Wtot corporate*.
`would put up with a CEO like this for Into #
`long?" asks Mr. Roche, chairman of Mei-
`dridt ft Straggles Inc., the New York-based
`headhunting firm.
`Often photographed skiing and hiking
`early In his 22-year tenure, the pontiff now
`uses a trolley to transport him from one
`end of St. Peter's Basilica to another. But
`although be is not quite the relentless
`traveler he used to be - In 1990 he visited
`Rwanda, Burundi. Tanzania, Cape Verde
`and Guinea-Bissau-John Paul n's public
`appearances nevertheless have the effect
`of bringing world leaders to tears.
`Similarly, as his career has progressed,
`his focus has moved from the world of
`geopolitics-ethnic diversity In the College
`of Cardinals and the fall of communism,
`for example - to more internal, spiritual
`matters: the elderly, apology and reconcil-
`iation. And for three years now, his energy
`has been aimed at this year's Jubilee
`celebration.
`Giuseppe DePasquaie reflects the mood
`of many who watched John Paul U on his
`Israel trip. Awaiting a flight to Bangkok at
`Rome's Flumidno airport on Sunday. Mr.
`DePasquaie Is riveted to the TV as the pope
`tours the Church of the Holy Sepulchre.
`"His body Is no good," says ,Mr. DePas-
`quaie, a salesman. "But he's a great man.
`the roost powerful man of the last 100
`yean."
`Challenges of the Position
`Others, such as Bishop Raymond
`Lucker, of New Ulm. Minn., point out the
`considerable challenges of the position.
`Bishop Lucker. who himself Is 73 and about
`to retire, supports a mandatory age for
`Stocks: NYSE vol. 876.257.990 shares.
`papal retirement. Since 19M. he notes.
`Nasdaq vol. 1J60.960.328. Dow Jones indus-
`bishops have had to submit letters of
`trials 11025.85. off 86.87; transportation
`resignation at age 75. And. be says, being
`2667.81. off 20.34: utilities 290.70. up 3.43.
`pope is harder than being bishop. The pope
`Bonds: Lehman Brothers Treasury index
`presides over Vatican City, a country unto
`8406.51. dp 1.06.
`Itself, u well u a massive international
`Commodities: Oil 127.78 a barrel, off
`bureaucracy of 151 cardinals and about
`$0.15. Dow Jones-AIG futures index 98.648.
`4,400 bishops, not to mention museums,
`off 0.082; DJ spot Index 120.64, off 0.13.
`libraries, real-estate holdings. Innumera-
`Dollar: 106.74 yen. off 0.14; 1.0344 euros,
`ble committee* and councils, and an
`up 0.0112: 2.0232 marks, up 0.0219.
`operating budget of about 1200 million.
`"Once you pus the age of 70. you notice
`diminishing abilities. .You have health
`problems, you need more sleep." Bishop
`Lucker says. "A person can have done a
`marvelous job as pope and then come to a
`point and say,- 'I can't do this any-
`more.' M
`This Isn't the first time a pope has
`.grown Infirm on the Job, of-course. Leo
`XUI, pope from IS7S until 1MB. "was
`rumored to be dying for about 10 years."
`' before he died at age 93, says the Rev.
`Gerald Fogarty, a historian at the Univer-
`sity of Virginia.
`But with 2,000 years of management
`experience, the College of Card*oals.
`which holds limited control of UM chunk In
`te pope, can lal
`the Vatican's
`largely managad by Ha
`riat of Statr. Wkal's new
`of l sMvislw. cameras
`toFtvrAllCmml '
`
`Home sales rose 6.7% IFFetoruary,
`rebounding from January, \n\ sign
`that rising interest rates aren't signifi-
`cantly cooling the economy. Inventory
`levels edged down but stayed tight.
`(ArtfcitonPao* A?)
`
`Cisco Systems surpassed Microsoft
`to become the company with the high-
`est market value in the world, at
`$555.44 billion, as the networking-
`equipment maker's stock price rose. *
`
`< ABC's president, Pafricia Fill-Kru-
`shel. Is leaving her post at the TV net-
`work after seven years, according to
`people familiar with the situation.
`
`Volkswagen bought a minority
`stake in Scania from holding company
`Investor for $1.62 billion, acquiring a
`foothold In the heavy-truck market. .
`(Article on P»o»An)
`
`» • •
`
`Colgate named Lois Jullber Its new
`chief operating officer, positioning her
`as the front-runner for the top post.
`(Article on P»oi B«)
`
`The Florida attorney general's of-
`fice Is probing some business prac-
`tices of the direct-marketing division
`of Rexall. a health-products maker.
`(Artiste on P*ee W)
`The Academy Awards drew 46.3
`million viewers for ABC, a 2% Increase
`from last year, according to prelimi-
`nary numbers from Nielsen Media.
`
`Leraont ft Hauspte will boy a
`maker of speech-recognition software.
`Dragon, for $587 million in stock.
`I Article on Pege •*)
`
`violation of Islamic law, the nation s highest
`religious body ruled. Javed Iqbal was or-
`dered strangled, cut up and dissolved In
`add. the same fray be killed 100 children.
`TODAY'S CONTENTS
`rw: mm TO at -SINKUKS APPRARS ON PACE IU
`
`California gets ready
`to decide whether to
`recharge the nation's
`electric-car Industry
`or let It run out of
`Juice. Page Bl.
`There are many
`ways to play the averages, CI.
`FUND TRACK: Hot mutual funds
`barricade the doors. (37.
`ENTERPRISE: Franchisees" Web
`efforts present some problems. BJ.
`Of THE LEAD: Frenzied managers
`feel their world shrinking, Bl.
`
`

`
`; : i—
`
`THE WALL STREET JOURNAL.
`
`© 2000 Daw Jones & Company,
`
` Inc. Att Rights Reserved
`
`• VOL.
`
` CCXXXV xo m T U E S D A Y.
`
` M A R CH 28.-2000 W S I . c om
`
`What's News—
`
`Exlstkig-Home Sales
`
` . . .. 75
`
`WorkWeek
`
`A Special News Report About Life
`On the Job —- and Trends
`Taking Shape There
`
`The Calling
`John Paul's Frailty
`Stirs Emotional Debate
`Business and Finance
`Over Papal Retirement
`OPEC MEMBERS couldn't agree
`Are There Limits to Tenure
`Of a Man Who Answers
`To No One but God?
`Celestine and His Donkey
`
`on how mtich to increase oil pro-
`duction. with Iran In particular insist-
`ing on a smaller boost than Saudi Ara-
`bia wants. Despite weeks of back-room
`negotiations meant to lead to a quick
`consensus, the meeting adjourned
`with only an agreement to return to
`the table today. Crude prices fell.
`Greenspan dismissed worries the
`runup in oil prices would spark infla-
`tion, suggesting the economic impact
`would be negligible If fuel costs stayed
`at a plateau around current levels.
`(Artktn on Pton A3 and A4l
`
`Some brokerage firms are ratchet-
`ing up efforts to pay upfront bonuses
`and provide other perks to brokers, po-
`tentially running counter to the spirit
`of a high-profile effort by SEC regula-
`tors to clean up'conflicts of interest.
`(Article on P»o» CI)
`
`Jamie Dimon was picked to be
`chairman and CEO of Bank One. the
`nation's fifth-largest bank. Bank One
`shares rose 8.8% on the news the for-
`mer Citigroup president had the job.
`
`Philip Morris and R.j. Reynolds
`were told by a California Jury to pay
`$20 million In punitive damages to a
`sick smoker, underscoring cigarette
`makers' vulnerability in the state.
`(Article on Ptge All
`
`* * *
`
`7
`
`Microsoft continued working with
`the U.S. toward a possible settlement,
`even as a federal Judge prepared to
`rule soon if the effort fails, people close
`to the case said. Its stock fell £.8%.
`(Article on Root All
`
`• • •.
`
`The Mall Is a Place to Look—
`For Chamorro T Shirts;
`The Layers of Assimilation,
`
`• • •
`
` C E N TS
`Safe and Effective
`Many Medicines Prove
`Potent for Years Past
`World-Wide
`Their Expiration Dates
`OS HA PUSHES. builders to Improve
`PUTIN COMES UNDER SCRUTINY af-
`workplace safety.
`ter winning election as Russia's president.
`Construction sites h^<e always been
`Since 1985, FDA Has tested
`dangerous places, but they're getting more
`Governments and investor?are watching
`the 47-year-old former KGB spy's moves for
`as the tight labor market Increases
`Military Drug Stockpile
`clues to an agenda that largely remains a
`number of Inexperienced workers on the
`mystery. His slim victory Sunday, in which
`More than 1,200 construction workers
`To Extend Shelf Lives
`he drew 53% of the vote, also calls Into
`were killed at work last year, up 25% since
`question the depth of his domestic support.
`1992. /
`In response; the agency Is focusing
`Putin ordered payment of wage arrears but
`What the Dates Really Mean
`SALES of existing single-family homes
`admitted he has no quick solutions to pov-
`more on eliminating safety violations
`in the U.S. rose in February to a seasonally
`erty and corruption. He visited Yeltsin, the
`through cooperative safety "partnerships"
`adjusted annual rate of 4.750,000 from a
`patron he granted immunity from any pros-
`such as j^ts recent accord with the Associated
`revised 4.450,000 In January, the National
`By LnmiE P. COHEN
`ecution. (Articles on Page A21 and A24)
`Builders & Contractors trade group. Con-
`Association of Realtors reports. (Article on
`Sta/I Reporter of Tur W»ix STuricr J o > » «u
`Clinton called to congratulate the
`tractors who meet strict safety and training
`page A2.)
`Do drugs really stop working after the
`president-elect and urged an investiga-
`standards set by the ABC will face fewer
`dattbstam|*d cn the bottle?
`tion of allegations of human-rights
`OSHA inspections, and will get a break on
`fifteen years ago. the U.S. military
`Guam's Roots Are
`abuses by Russian troops in Chechnya.
`regulatory hassles'over technical violations.
`decided to find out. Sitting on a $1 billion
`"We want to spend less time at
`stockpile of drugs and facing the daunting
`sites u-here hazarfip are being con-
`A confrontation over Elian Gonzalez may
`So Deep in Spam,
`process of destroying and replacing its
`be nearing as Florida relatives asked for a
`trolled. " says OSHA Administrator
`supply every two to three years, the mill
`Charles Jeffress, "and more at sites
`quick appeal of their asylum-request rejec-
`They're Hard to Find
`tary began a testing program to see If It
`u-here they aren't."
`tion but Ignored a Justice Department de-
`could extend the life of its inventory.
`mand that they agree to hand over the boy if
`The testing, conducted by the Food and
`they lose. In a TV interview, the six-year-old
`COUNT ME IN plans "mlcroloans" for
`Drug Adminlstrd'ion, ultimately co#red
`told of his harrowing voyage from Cuba and
`U.S. women.
`more lhan 100 drugs, prescription and
`said he doesn't believe his mother is dead.
`In developing nations, microfinancing
`over-the-counter. "Sie results, never before
`programs - where aid groups make small
`repotted, show that about 90". of them
`Gore's campaign-reform plan would put
`loans to poorentrepfeneurs who can't qual-
`were sate and effective far past their
`pressure on powerful broadcasters aitff en-
`ify for conventional loans - have proven very
`original expiration datg, a! least one tor 15
`sure a bitter fight with Congress. Admitting
`effective. Today, newly formed Count Me In
`years past it.
`he is an "imperfect messenger" "for such a
`for Women's Economic Independence kicks
`In light of these results, a former
`cause, he wants a $7.1 billion endowment to
`B y ROBERT FRANK
`ofr a campaign to make such loans available
`director of the iesling program, Francis
`Sta// Reporter of Tur W«u. STHKKT JOURNAL
`fund political races, and free air time. Bush
`in this country, specifically for women. The
`HAGATNA. Guam - The brochures for
`Flaherty, says he has concluded that'expi-
`dismissed the plan as a "government take-
`nonprofit is the brainchild of Nell Merlino.
`this breezy Pacific outpost boast of a
`ration dates put on by manufacturers
`over" of campaigns. (Article on PageCIO)
`creator of "Take our Daughters to Work
`"small island