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...Garcetti, who had every reason to hope the panel would hand down an indictment before a preliminary hearing on June 30 that he wanted to head off. At that hearing, prosecutors will be compelled to present the evidence and testimony they hope to use at trial -- an invaluable preview of what Simpson will be up against, and an opportunity for Shapiro to have some of it disallowed. If an indictment had come down first, the hearing would have been canceled and the case gone directly to trial with the prosecution's evidence still sealed...
...Daniel Patrick Moynihan gave a sneak preview of his own health care plan, which reads a lot like President Clinton's. Expect a nail-biter tomorrow when the Senate Finance Committee votes on Moynihan's strategy. He'll push voluntary measures to have employers pay for medical insurance, but effectively make them pay ONLY after 5 years if too few Americans are covered. Key Republicans on the committee predict they'll successfully defeat the thing Wednesday, prompting TIME Washington correspondent Dick Thompson to speculate that Moynihan (with White House coaxing) has set up the GOP members to be the spoilers...
Just as important, on the second page is a preview of significant upcoming legislation. Once readers have decided -- with the help of the reporting and analysis contained in the rest of the magazine -- how they feel about major issues of the day, we encourage them to express their views by filling out the postcards enclosed with the page and sending them to their elected representatives. "What we're doing," says senior editor Barrett Seaman, who is overseeing the project, "is closing the loop among ourselves, our readers and our government...
...Wall Street that scenario had a socko preview last week. Stock of Time Warner, the $14.5 billion movie, cable-TV, recording, telecommunications, magazine-publishing giant and employer of Madonna, Metallica, Batman and the staff of this publication, leaped 11% on Tuesday alone, to $40 a share. It closed the week at $39. Some of the recent buying came from Seagram, the beverage giant, which boosted its holdings to 14.9% of Time Warner's shares. But more came from traders reacting to a sudden storm of rumors that Seagram's president, Edgar Bronfman Jr., had finally decided...
Babbitt--who was in the news yesterday as one of the leading candidates for nomination to the Supreme Court--and Stephanopoulos visited Harvard as part of AmeriCorps National Service Campus Tour '94, a preview to this fall's launch of AmeriCorps. The corps allows college-age students to participate in full-time community service in exchange for funds to finance tuition or pay back student loans...