May 22, 2001

THE REALITY OF THE RATE CUT

IT'S now a week since the last Federal Reserve cut interest rates, and this would be a great time for someone to tell you the truth. When the Dow Jones...

IS HEX FINALLY OFF ; 5TH & 42ND?

AFTER years of false starts, deliverance is at hand for the jinxed northeast corner of Fifth Avenue and 42nd Street - an address as romantic-sounding as Hollywood and Vine, and...

A WHOLE NEW MEANING TO 'WARP DRIVE' FROM BMG

Beam me up, Bertelsmann. The heads of the German media giant are hoping Capt. Kirk and Mr. Spock of "Star Trek" work a little magic on their company - so...

DETROIT'S CAR CLASH ; FIRESTONE BLASTS FORD, ENDS CENTURY-OLD PARTNERSHIP

Firestone stunned the automotive world yesterday by declaring war and angrily severing its 100-year-old tie with Ford - even though Ford's chairman is a Firestone family heir. The tire-maker came...

DE LUCA'S NEW SHOT ; EX-NEW LINE HEAD TALKING TO DREAMWORKS

The 35-year-old Hollywood wunderkind who was booted from the top job at New Line Cinema after a string of box-office fizzles is on the comeback trail. Mike De Luca, the...

TECHS TAKE OFF! NASDAQ GAINS 106; DOW ALSO RISES

They're ba-a-a-ack! Tech zealots confounded analysts and flooded the Nasdaq yesterday, handing Wall Street markets another record-setting day. The tech-heavy Nasdaq index soared a dizzying 5 percent in heavy trading...

GUCCIONE TO SELL ATLANTIC CITY LOTS

Penthouse publisher Bob Guccione Sr. has agreed to put his beloved Atlantic City vacant lots on the block after struggling to keep them 30 years for a casino dream. Just...

TECH VC FIRM COMING TO NY

One of the West Coast's biggest venture capital firms opens an office in Manhattan today - but dot-commers can forget about it. Vantage Point Venture Partners invests in hard-core tech...

CARLYLE'S E-MAIL STUD BYTES THE DUST

Subject: The Story (Gone Awry) of a Private Equity "Stud" Another Wall Streeter apparently fell victim to the perils of the Digital Age last week, when an associate from prominent...

DOBBS' VIEWERSHIP KEEPS GOING DOWN

Lou Dobbs' much-ballyhooed return to "Moneyline" has been a blessing and a burden for CNN. For his first week back behind the anchor desk at "Lou Dobbs' Moneyline," he averaged...

DANCEBRAZIL IS A KICK

DANCEBRAZILJoyce Theater, 175 Eighth Ave., at 19th Street; (212) 242-0800. Through Sunday. THEY call it capoeira - it originated in Brazil by protesting slaves - and it's partly martial arts...

SHE'SCRACKERSOVER PARROTS

JOANNA Burger loves parrots, and they love her back - one even saved her from an attack. Years ago, when a lustful colleague barged into her office one night and...

THE LAST WORD ON 'THE SOPRANOS' FINALE FROM A COUPLA WELL-CONNECTED CRITICS... 'THE WOIST; THEY DONE'

JUST because I'm a big know-it-all, doesn't mean I really know everything. But that's just between you and me. Like, for example, I don't know how to be a wiseguy,...

FINALLY, FUN JOVI GOES LIVE

BON JOVI "One Wild Night" ISLAND Records Bon Jovi's first-ever live album provides proof that the band is still a world class act and has not been compromised by the...

BUZZ

Sex & butts Women have a harder time kicking butts than men do. A study by Dr. Kenneth Perkins of the University of Pittsburgh School of Medicine found that women...

DESERT DELUXE

MORE than in other places, the key to New Mexico is its landscape. Colors that change 10 times in the course of a sunrise hour, so many shades of brown...

OPRAH HAS REAL CLASS

OPRAH Winfrey has a TV show, a magazine and a TV movie deal. Now she has a college course all about her - and has to grade a stack of...

BARBARA READY TO QUIT '20/20' ; WALTERS GETTING 'OTHER OFFERS'

BARBARA Walters, upset over ABC moving "20/20" to Wednesdays this fall, says she's already received "other offers" from competing networks looking to scoop up the most powerful woman in television....

... AND PARTING SHOTS ON THE SHOW FROM POST READERS

DISAPPOINTMENT in the season finale of "The Sopranos" was not confined to the wiseguys and the critics only. Here's a sampling of fans' comments left yesterday on our bulletin board...

STARR REPORT

A Knight's tale: Thanks, grandma! "All My Children" star Michael E. Knight (Tad) used his Daytime Emmy victory speech last Friday to thank his 86-year-old grandmother - and says he's...

TRAVELER'S UPDATE

Brew-haha Milwaukee hosts one of the country's best annual music festivals. From June 28-July 8, there'll be beer and brats for all, but not much oom-pah music. The sounds of...

A LITTLE ROMANCE & A STEINWAY

WHEN you're billed as "the Romantic pianist," it's only fair you'd fall in love with . . . a piano. "By chance, I walked into a piano store after rehearsal...

THE GOOD LIFE: ISLAND HOPPING ABOARD LUXURIOUS ARABELLA

WHEN you get to a certain age - OK, it's 40, which is fast approaching for both of us - you cherish simple pleasures like strolling through the park hand...

CARNEGIE CONFESSION: BUT 'ACCOMPLICE' DENIES HE WAS GUNMAN

A New Jersey man confessed last night to taking part in the Carnegie Deli massacre - but insisted he was only an accomplice and didn't shoot anyone, The Post has...

RUDY MONOLOGUES A SORRY SHOW

I DIDN'T want to know that Mayor Giuliani is sexually impotent and can't have sex with his mistress. I don't want to hear Rudy's Penis Monologues. And I don't want...

NEW YORK POST FROM MAY 22, 1900

"No Mail-Tube Extension," read The Post's headline about the failure to expand underground distribution of mail in Manhattan. The story went on: "Sen. Lodge's amendment to the Post Office appropriation...

ANTE UP, MIKE ; BLOOMBERG MUST START RACE BY GIVING UP HIS $14 MILLION NYC TAX BREAK

MICHAEL Bloomberg's appearance at the Israel Day parade on Sunday was the capper. Now, it only remains for the millionaire media mogul to formally announce that he'll be a candidate...

VIGIL TO MEMORIALIZE WENDY'S SLAY VICTIMS

The families of victims of the Wendy's massacre will mark the first anniversary of the grisly Queens slaughter with a vigil this week near where the tragedy occurred. The event...

DA: DON JUAN HAD SHANGHAI SURPRISE FOR WOMEN

A Chinese Don Juan, who wooed women through lonely-hearts ads, posed as a multimillionaire short on cash to bilk them out of their life savings, authorities said yesterday. "He is...

BUSH TO YALIES: 'C' WHERE IT GOT ME?

President Bush joked yesterday about his days as a Yale party boy as he accepted an honorary degree from the elite Ivy League university, while hundreds protested the commencement ceremonies...

ED. BOARD BLOWING $2.4M TO RENT CRUMBLING SCHOOLS

The Board of Education rented decrepit classroom space in run-down buildings - then shelled out $2.4 million to landlords who failed to make needed repairs, a state audit charged yesterday....

FERRER ALLY MCCALL MEETS WITH HEVESI

CARL McCALL is backing Fernando Ferrer for mayor, but that didn't keep him from secretly meeting one of the Bronx beep's rivals, city Comptroller Alan Hevesi. McCall - who infuriated...

INSURERS SEEK TO DRIVE RATES EVEN HIGHER

ALBANY - Drivers across the state should get ready to dig even deeper into their pockets for auto insurance. Insurance-industry officials told The Post yesterday there are dozens of rate-hike...

HOW YOU, TOO, CAN BECOME A CELEBRITY

Anyone can become famous in New York City. That's the word from Sharon Krum, a free-lance journalist who has spent the past decade in the "celebrity zoo" of Manhattan studying...

THUGS STAB RESTAURANT DELIVERYMAN

A group of men slashed and robbed a Chinese-food deliveryman early yesterday in Brooklyn - the latest in a string of attacks on takeout workers. Zhou Zheng, 40, who works...

NO BOOST FOR REV. AL BID

The Rev. Al Sharpton said yesterday he doesn't mind not getting any support for his 2004 presidential bid from the city's top Democrats - because he hasn't given them his....

BLOOMBERG TAKES A SWING AT LINK-ING UP WITH GIULIANI

Forget Judi - Mayor Giuliani has a hot date with billionaire bachelor Michael Bloomberg. Bloomberg, a likely GOP candidate for City Hall, openly courted Giuliani's endorsement yesterday - just before...

GRACIE NOW A JUDI-FREE ZONE: DONNA, DON'T SHUT OUT THE CHILDREN

IT TOOK a New York Supreme Court justice to carve into the record a contentious detail that should be obvious to monks meditating in Tibet: Judi Nathan isn't going anywhere....

MIDTOWN SHOP PUTS DYLAN'S HS ESSAY ON SALE FOR 35G

Oh, the times are definitely a-changing. While high-school essays used to be worth, say, a B-minus, there's one going on sale Thursday for a shattering $35,000. Then again, it was...

'JUNIOR' RIPS FEDS IN STRIP-CLUB CASE

John "Junior" Gotti lashed out at the feds yesterday for trying to put him on the witness stand in a spicy Atlanta strip-club trial involving reputed mobsters, sports heroes and...

REV. JESSE'S BULLY PULPIT: YOUR PENSION

DO YOU want to put your retirement in the hands of the Rev. Jesse Jackson? You may not have a choice. The current issue of Barron's says the cleric is...

HEARTBREAKING SECRETS OF JAZZ SINGER'S SUICIDE NOTE

In her lengthy suicide note, jazz singer Susannah McCorkle described her desperate need to end a battle with the blues, pals told The Post. Staggered by personal and professional setbacks,...

KITCHEN IS TOO HOT: LECHTERS IN CHAP. 11

Lechters has gone from the frying pan to the fire. The housewares retailer, which was closing stores and laying off employees earlier this year, is undertaking a full-out reorganization of...

TEACHERS MISS TIME IN CLASS TO MENTOR ROOKIES

EXCLUSIVE Nearly 1,300 veteran teachers are pulled out of their classes at least three times a week to train rookie instructors - leaving their students with substitutes, The Post has...

MCCALL WILL GROUND 'AIR PATAKI'

ALBANY - Gov. Pataki's controversial use of luxury chartered jets will be blocked by state Comptroller Carl McCall in a dispute over the costs, sources told The Post yesterday. The...

POWELL TELLS MIDEAST FOES TO STOP THE KILLING - NOW

The Bush administration leaped into the Middle East mess yesterday, calling for an immediate end to the "unbearable" bloodshed and dispatching envoys to steer both sides to the peace table....

FLOP GOES THE WEASEL: MAYOR VETOES FERRETS

Mayor Giuliani bit back at the City Council yesterday, vetoing a bill that would have allowed New Yorkers to keep pet ferrets. The mayor said the weasel-like animals are "naturally...

COP GOES ON TRIAL IN TEEN'S SHOOTING

The criminal trial of a Street Crime Unit cop who shot a 16-year-old boy opened yesterday with the prosecutor claiming the officer took "unreasonable" risk in trying to "illegally detain"...

BX. MAN GETS 15G BAIL IN KILLING OF THIEF

Lawyers for a Bronx man initially charged with murder for killing a crack-addled crook convinced a judge yesterday to set $15,000 bail on lower charges voted by a sympathetic grand...

WHITE HOUSE HINTS THERE'LL BE MORE TAX CUTS

WASHINGTON - Treasury Secretary Paul O'Neill revealed yesterday that the White House plans a second wave of tax cuts in coming years. Looking past this week's certain passage by Congress...

UNWED MOTHERS UP 17 % IN APPLE

The population of women raising children in New York City on their own jumped 17 percent over the last decade, according to new census data to be released today. The...

DOCS: MAD-COW SCARE MAY BREAK BLOOD BANK

The FDA, fearful of mad-cow disease, may ban even more people from giving blood - possibly triggering a dangerous local shortage, experts warned yesterday. "We could lose about a third...

HERE'S HOW NOT TO ROB YOUR EX-LOVER'S PLACE

A bitter Queens woman broke into her ex-boyfriend's Long Island business to take back jewelry she had given him as gifts - but got trapped inside and had to call...

SPAIN NABS 'KINGPIN' OF CLUB DRUGS

An alleged international drug kingpin - billed by the feds as the "largest 'ecstasy' smuggler ever apprehended" - has been arrested in Barcelona, Spain, authorities said. Oded Tuito allegedly put...

POLICE GRILLING DUO IN CARNEGIE MASSACRE

Cops have been questioning two pals of the prime suspect in the Carnegie Deli murders - trying to determine if one of them was the coldblooded killer's accomplice. Police were...

LOCKOUT: RUDY, DONNA IN HOSPITAL SHOWDOWN AFTER JUDGE BARS JUDI FROM GRACIE

Mayor Giuliani last night tried to boot Donna Hanover from the hospital where his critically ill mom was being treated - just hours after a court barred his "good friend"...

SHINJO DOES IT AGAIN: AMAZIN' ROOKIE LIFTS METS OVER 'SPOS

Mets 6 Expos 3 MONTREAL - Two years ago, after each Met victory, their clubhouse would reverberate with the sound of Jim Morrison singing of Mr. Mojo Rising. These days,...

ANSWER'S BALKY BUTT IN QUESTION

Just one more pain in the butt to overcome for the Sixers. Philadelphia, which "has overcome more than any team I've been involved with and I've been through it all,"...

THE BOSOX ARE COMING! BOMBERS BRACE FOR WAR OVER 1ST PLACE

They have spent April and May staggering around the AL East like a neophyte drunk trying to navigate Second Avenue in the wee hours. Now, with the Bosox and The...

OMAR'S DRAFT STOCK; IS COOKIN'

The NBA pre-draft camp in Chicago still is three weeks away but several league and college sources told The Post that Omar Cook's stock is already on the rise. But...

NEXT 11 GAMES WILL TELL TALE FOR YANKS

THE Yankees are trapped between the distress of last September and the distinction of last October. Their play so far in 2001 has been a hybrid of highlights and hijinks....

FOR SYKORA, IT'S A CASE OF FIRE AND PRAY

It's all or nothing for Petr Sykora, the Devils' leading gunner, who is trying to put extra mustard on those black burgers he's shooting. The sniper who broke Darius Kasparaitis'...

THE BOSOX ARE COMING! MR. PERFECT NOW THE PERFECT ENEMY

Joe Torre thinks there's "no question" David Cone will be cheered tomorrow night in his return to the Yankee Stadium mound. Cone himself isn't quite as sure. "I really don't...

DEVILS: LET'S END THIS NOW ; SEEK TO OUST PENS TONIGHT

It is the Devils' signature accomplishment this year, with only the "i" left to dot tonight to finish writing off those expensive Pens. They believe that completing this magnificent squelching...

ELIAS' STAR ON THE RISE

FIVE away from the 16 dubyas needed to win their third Stanley Cup with the Devils, we still don't know if Scott Stevens, Ken Daneyko and Martin Brodeur are given...

JETER, JUSTICE TURN IT AROUND

YANKEE NOTES Two weeks ago, The Post's back page read: "What's Up With Jeter?" His first 28 games of this year were compared to the initial 28 in each season...

RAPS CAN'T SAY NO TO VINCE

PHILADELPHIA - As the 76ers and Bucks cram for tonight's first Eastern Final exam, the casualties from the previous playoff round are suffering severe aftershocks. Particularly the Raptors. Cowed by...

REPORT: ISLES TAB COACH

SPORTS SHORTS The Islanders have reportedly chosen Bruins assistant Peter Laviolette to be the next coach of the hapless franchise. Laviolette, who was passed over for the Bruins head coaching...

GONZALEZ HOPES TO THRIVE AT 5

MONTREAL - His father would arrive home from work at 3 p.m. every afternoon and Dicky Gonzalez and his younger brother would go to the patio of their home in...

BOOMER CALLS BOBBY V A LOSER

MET NOTES MONTREAL - The Mets still would like to acquire David Wells, but if the former Yankee left-hander still wants to be a Met he has a funny way...

KENYON'S A GOODWILL GUY

Any questions about whether Kenyon Martin will be ready for the start of Nets training camp will be answered long before the first bead of sweat hits the floor. Martin...

ZEILE LANDS IN NO. 2 SPOT AS BOBBY V SHAKES IT UP

METS NOTES MONTREAL - Trying to resuscitate Todd Zeile's bat, Bobby Valentine put Zeile in the second spot in the lineup last night. Valentine knows that Zeile must produce more...

GONZALEZ HOPES TO THRIVE AT FIVE

MONTREAL - His father would arrive home from work at 3 p.m. every afternoon and Dicky Gonzalez and his younger brother would go to the patio of their home in...