Trade talks near compromise with Japan pace
U S and Japan edge toward a deal to avoid numeric import targets and allow varied measures of market opening while Japan drops opposition to progress criteria. Secretary of State Christopher leans against recommending revoking China trade privileges or renewing them unconditionally. Four Muslim militants face life in prison for World Trade Center bombing. prosecutors urge rest of life. Economists predict strongest growth since Reagan era, 1995 looks solid. Sen Sam Nunn warns defense cuts threaten soldiers’ lives now and in battle.
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Supreme Court blocks review of military base closures
The Supreme Court rule prohibits federal judges from overturning or delaying base closings. The unanimous decision sustains Clinton administration plans to shrink post cold war forces amid closures since 1991 and orders for further closings. The ruling forecloses a Specter challenge over a shipyard in Pennsylvania.
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Tobacco counterattack fuels push to balance smoking debate
Los Angeles Times reports R J Reynolds Tobacco Co launches a public relations campaign in major newspapers to counter government anti smoking actions. The ads claim a non smoker living with a smoker is exposed to environmental smoke equivalent to 1 percent of a cigarette per month and a non smoking waiter eight hours a day is exposed to the equivalent of two cigarettes per month.
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Fox Nabs Affiliates From Network Rivals
Fox Broadcasting announced the acquisition of 12 affiliates mostly in major markets a deal valued at about 500 million dollars in a bid to boost audiences and ad revenue Fox picks up three ABC and one NBC outlet in New World Communications group deal. CBS loses affiliates to Fox in eight markets as NBC pledges to defend its position in a changing television landscape.
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Pulp Fiction Wins Golden Palm at Cannes
Tarantino’s Pulp Fiction captured the Golden Palm at the 47th Cannes Film Festival beating 22 rivals. Go You earned best actor for Fugui in To Live, Virna Lisi won best actress for La Reine Margot, Moretti took best director for Caro Diario, and Burnt by the Sun shared the Jury Grand Prix.
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