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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 21, 2001
Page
3
Paris based Vivendi Universal said it will buy MP3.com in a friendly deal approved by MP3.com board. The transaction aims to advance an online digital music subscription service and could win broad shareholder support.
In Brussels representatives from rich and poor nations agree on a 60 page plan to lift the 49 poorest countries from poverty within a decade. The pact calls for intensified development aid debt relief and expanded trade and investment commitments.
President Bush urged a new generation to revive the spirit of citizenship and build on Lyndon Johnson’s war on poverty and Clinton era welfare reform. He defended funding for faith based programs while noting bipartisan praise for welfare reform and citing work and self respect returning to troubled lives.
The Republican tax package nearing approval shifts power over a projected 10 year surplus totaling 5.6 trillion, blocking Democratic plans and advancing tax cuts while Democrats push for broader Medicare education and other programs. Leon Panetta notes the surplus fight shapes long term political loyalties and party advantage.
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