August 12, 2004

OUR ECONOMY DOESN'T WORK; HERE'S HOW TO PATCH IT UP

THE U.S. economy is broken and needs to be fixed - now. The Federal Reserve was forced to raise interest rates on Tuesday simply because that's what everyone had come...

WATCH YOUR BACK A&F, THE EAGLE HAS LANDED

Not so long ago, American Eagle Outfitters benefited from a seemingly close association to a hugely successful rival, positioning itself, consciously or not, as the poor man's Abercrombie & Fitch....

NEWS CORP. NET UP 7.8% IN QTR.

News Corp. reported strong fourth quarter revenue and profit gains yesterday on the back of big advertising gains at the Fox News Channel and other cable networks. The media conglomerate...

HIP-HOPPING MAD - SIMMONS RIPS DEF JAM BOSS L.A. REID

The turmoil at hip-hop label Def Jam continued yesterday when founder Russell Simmons criticized current chief Antonio "L.A." Reid in an open letter. In the letter - which was addressed...

ALL PLAYED OUT - CRUSHED BY WAL-MART, TOYS 'R' US PUTS SELF ON BLOCK

Toys 'R' Us, which has been struggling against stiff competition from discount stores, unveiled major steps yesterday to restructure its business, including the possible sale of its toy stores and...

MART RALLY FLOPS; U.S. POSTS RECORD DEFICIT

Stocks are wading deeper into negative territory in the wake of the government's new red-ink record and spiraling spending of $1.98 trillion. Technology stocks got knocked to a new low...

CYPRESS, GOLDMAN NEAR DEAL FOR COOPER PARTS UNIT

Cypress Group is teaming up with Goldman Sachs to kick Cooper's tires. Cypress, the New York buyout firm, is joining forces with GS Capital Partners, Goldman's private equity arm, to...

STARR REPORT

Ashlee's out after 1Ashlee Simpson says it's one-season-and-out for her MTV show. "This show will run for one season only," she tells the September issue of Blender magazine. "[Her sister]...

KID-SNATCH SHOW FUROR - PARENTS GROUPS UPSET AT PLAN TO GRAB MISSING CHILDREN

REALITY mogul Mark Burnett's upcoming show in which military and law-enforcement pros recover kidnapped children is running into trouble. The six-episode CBS show, called "Recovery," features ex-CIA operative and counter-terrorism...

SHARK GIRL SINKS TEETH INTO TV

BETHANY Hamilton, otherwise known as "The Shark Girl," will appear in an upcoming episode of ABC Family's "Switched," according to People magazine's "Insider" column. Hamilton, who's now 14, was 13...

FRINGE 'TUDE RUDE - FEST OFF THE BEATEN PATH

BAWDY, naughty, maddeningly in consistent - the New York International Fringe Festival is all that and more. And proud of it. Low in budget but high in audac ity, this...

GAME FACE - COSTAS PLANS FOR WORST, REMEMBERS JIM MCKAY

WITH the threat of terrorism looming, NBC has made detailed plans of what they'll do if the Olympics suddenly turns from sports story to news story. First things first, Bob...

IN THE END ZONE

FORMER Jets linebacker Mark Gastineau (inset) was known for his distinctive sack dance - now his 21-year-old daughter, Brittny, can claim to have a sack dance of her own. Brittny...

FLASH BLACK - NEW YORKERS TURN OUT THE LIGHTS AND PARTY LIKE IT'S THE BLACKOUT OF 2003; BLACKOUT BASHES LIGHT UP THE NIGHT

WHERE were you during the blackout of 2003? Whether you were pounding the pavement back to Brooklyn, drunkenly making out with strangers in the East Village or directing traffic in...

WHERE THE SATRS REALLY GO - SECLUDED SPOTS FOR CELEB-SIGHTING

EVEN the most devoted celebrity can't eat every meal at Da Silvano. So while there's starspotting aplenty at haunts like Cipriani, the Maritime Hotel and the clogged intersection at Ninth...

FBI FAKER'S ALIEN 'SCAM'

A former FBI clerk who was fired for bilking illegal aliens out of tens of thousands of dollars in 1992 was hauled back into court yesterday for a nearly identical...

'I CAN'T BREATHE' - LOHAN'S DAD HAS COURTHOUSE 'HEART ATTACK'

Movie starlet Lindsay Lohan's hot-tempered father yesterday suffered an apparent heart attack outside a Long Island courtroom where he was to appear on charges of assaulting his brother-in-law. Michael Lohan,...

ALBANY GETS AN F - VOTERS SLAM PATAKI ON BUDGET FIASCO, SCHOOL-FUNDS FIGHT

ALBANY - New Yorkers are giving a collective thumbs-down to the state's dysfunctional government - and Gov. Pataki is taking the brunt of the blame, according to a poll released...

WEIRD BUT TRUE

Considering a life of crime? Why not rent a jail cell first to see how you'd like it if you got caught? That may well be the sales pitch used...

WE HAVE A BEEF WITH THIS MEATLOAF

It's not bad, Mike - but it's not worth getting arrested for. We sampled the meatloaf and mashed potatoes, the humble takeout dish from Luke's Bar & Grill, that's at...

'60 MINS.' MAN JUST TOO NICE

EAMES YATES said: "Mike could never be a member of the Bad Boys Club." Eames is the stepson of Mike Wallace. He knows him, loves him - and has a...

VUITTON WHIPS S&M KNOCK-OFFS

Louis Vuitton's colorful new handbags are so popular that even makers of bondage and sadomasochism accessories have ripped off the design, miffed company officials said. The details of the startling...

AQSA BOMB KILLS 2 PALESTINIANS

JERUSALEM - A remote-control bomb, detonated at an Israeli checkpoint yesterday, killed two Palestinians and wounded 19 other people, including six border guards. An Al Aqsa Martyrs' Brigade commander, the...

2 FOUND TIED UP AND SLAIN IN QNS. LOT

A Queens industrial site became the scene of a gruesome discovery yesterday, when the bodies of two bound and murdered men were found in a clump of weeds by employees...

'SPIDEY' QUICK CHANGE - 'THIEF WORE MY T-SHIRT'

This time, "Spider-Man" didn't stay for breakfast - he merely broke in, tried on his victim's clothes, and then skittered back out the window. "I turned on the light, and...

'CROOKED' BAG SCREENERS NAILED

Four security screeners at Kennedy and La Guardia airports have landed behind bars, charged with lifting cash and valuables from checked luggage, the Queens District Attorney's Office announced yesterday. The...

NYPD DAILY BLOTTER

BROOKLYN * Cops are asking for the public's help in finding this man (above) who sneaked into a 27-year-old woman's Bedford-Stuyvesant home and raped her at knifepoint. Sydney Palmer is...

'DUMB BLONDE' OUTSMARTED HER DECEIVER

REDWOOD CITY, Calif. - Two seemingly im possible events occurred yesterday in California. No. 1: I found a hero. No. 2: Her name is Amber. You never know what lurks...

HOOPS KID HONORED FOR 'DROWN' RESCUE

The quick-thinking Queens teen who turned a basketball into a life preserver was honored yesterday for his heroic pass to a drowning youngster. Queens Borough President Helen Marshall presented Saide...

DUBYA EMPLOYS 9/11 AD-VANTAGE

WASHINGTON - The Bush campaign unveiled a new ad yesterday that invokes the horror of Sept. 11 and the fear felt by parents on that day of terror. In the...

MSGR. MONEYBAGS - 'BILKING' PRIEST LOADED WITH CASH, STOCKS

Authorities probing a well-heeled Upper East Side monsignor who allegedly bilked money from an elderly parishioner said his cup also runneth over with hundreds of thousands of dollars in undisclosed...

ANGRY BEAU GAVE HER LIP AND SHE BIT IT OFF: COPS

A Brooklyn woman bit off her boyfriend's lip to stop him kissing her, cops said yesterday. The Lorena Bobbit of mouth-to-mouth, Olufemi Ogun, 31, was drinking with her beau, Daniel...

FBI FAKER'S IMMIGRANT 'SCAM JOB'

A former FBI clerk who was fired for bilking illegal aliens out of tens of thousands of dollars in 1992 was hauled back into court yesterday for a nearly identical...

SICKO L.I. TEACH ADMITS BLIND-BOY RAPE

A Long Island teacher's assistant and married mother of two has pleaded guilty to raping an 11-year-old blind boy in her care - a plea deal that will allow her...

BANKERS IN $12M SWINDLE

Two ex-honchos with the Manhattan branch of one of the world's largest banks pleaded guilty yesterday to looting their employers out of $12 million over the past four years. The...

MIKE FACES DOWN UNIONS

Cops and firefighters threatening wildcat strikes during the Republican convention to force the city to sign a new contract won't get anywhere, Mayor Bloomberg vowed yesterday. "This is not embarrassing...

BEHEAD BEASTS KILL & LIE - VICTIM NO 'CIA AGENT'

WASHINGTON - U.S. spymasters yesterday denied terrorists' claims that they had brutally beheaded a "CIA agent" on a videotape posted on an Islamic Web site, although questions remain about the...

AMBULANCES GET RADIATION GIZMOS

The city has quietly armed its fleet of ambulances with radiation detectors, The Post has learned. The FDNY distributed about 250 of the beeper-sized gizmos to ambulances and EMS supervisors...

PUT IT ON MY TABBY - FIRST CAFE FOR CATS IS JUST FUR FUN

Want to dine at Manhattan's newest hot spot? Make sure you're dressed in furs and tails. Or at least bring a feline guest. The Meow Mix Café, billed as the...

IMMIGRANT FALLS TO DEATH AFTER FATALLY SLASHING GAL PAL

A Guyanese immigrant who slashed his girlfriend's throat after an early-morning argument fell five stories to his death while trying to hang himself from a fire escape outside their Bronx...

BROKAW'S 'E-STALKER' IN KID-PORN RAP

A Staten Island man who allegedly bombarded NBC with e-mails threatening Tom Brokaw was arraigned on 56 counts yesterday, including felony child pornography. Steven Koplan, 45, was described as a...

HAMPTONS DIARY

IT'S all over between Lily Vonnegut and chef boyfriend Kevin Penner - the pair who caused a storm last summer after they were found together by Vonnegut's fist-waving then-beau, Pacific...

FEDS' 9/11 AID HALF-PAID

Nearly three years after the Sept. 11 terror strikes, New York has received half of the $20 billion promised by the federal government to pay for emergency response and to...

LOSS FOR INK-STAINED EXPERT

The ink expert who helped convict domestic diva Martha Stewart will have to stand trial on charges he lied under oath, a Manhattan federal judge ruled yesterday. Judge Denny Chin...

WHEELS FINALLY TURNING ON MIKE'S $400 TAX REBATE

ALBANY - After months of delay, state lawmakers were set to finally act on Mayor Bloomberg's $400 property-tax rebate plan. Authorization for the $400 tax rebate for homeowners was tucked...

MOST-WANTED SHOOTER BUSTED

Cops nabbed one of the city's most-wanted more than two years after he allegedly killed one man and wounded two others in Brooklyn. Racca (Rocco) Nelson, 24, of Bedford-Stuyvesant, was...

VIDEO GUY A BUFF, NOT A TOUGH

A Queens man being held in North Carolina ignored warnings from his wife and brother that videotaping skyscrapers in six major cities could land him in hot water, relatives said...

MIKE'S BUST PROBED - WITNESSES BACK UP HIS ACCOUNT

City officials yesterday were investigating the bizarre disorderly-conduct bust of "60 Minutes" legend Mike Wallace - as the still-scrappy 86-year-old newsman blasted one of the arresting peace officers as "over-the-top...

BUSH, MCCAIN TEAM VS. JOHN

WASHINGTON - President Bush and Sen. John McCain yesterday double-teamed John Kerry, shredding the Democratic hopeful's plan to reduce troop strength in Iraq. "I know what I'm doing when it...

BRONX POLS SNARED IN CORRUPTION PROBE

The feds have dropped a blizzard of subpoenas on Bronx officials and others - including a veteran state senator and his wife - in a probe of taxpayer-funded groups that...

TWO ELECTROCUTED - TRAPPED IN QNS. FLOOD WITH LIVE WIRE

A flash flood cascading down a Queens street during yesterday's record-breaking storm engulfed a car as lightning sent a nearby power line plunging into the water - electrocuting the driver...

METS BACK ON TIME WARNER AS MSG SETTLES TV BASE-BRAWL

Time Warner and MSG reached a truce yesterday that returned the Mets to the airwaves for 2.4 million cable-TV subscribers. Mets games, as well as other MSG programming, have been...

METER MEAT HEAD - B'KLYN POL'S BLUNDER

A busy Brooklyn shopping strip has got a row of half-finished parking meters sprouting from the pavement - thanks to a bumbling local lawmaker. Assemblyman Jim Brennan's office first requested...

LORI LETTER TO MARK: IT HURTS TO BE HOME

Salt Lake City cops yesterday revealed stunning details of a letter apparently written by Lori Hacking to her husband that suggested there were big problems between the pair before she...

'LUCKY' STRIKE GRAZES BROTHERS

Two brothers got the shock of their lives yesterday - when a bolt of lightning just grazed them in a Queens parking lot. Hector Arrivillaga, 16, and Julian Aquila, 8,...

NETS A SLAM DUNK - NBA OKS B'KLYN SALE

Pro basketball in Brooklyn moved one step closer to reality yesterday as the NBA unanimously approved the sale of the New Jersey Nets to a partnership that plans to build...

POL'S GOOF IS METER MADNESS

A busy Brooklyn shopping strip has got a row of half-finished parking meters sprouting from the pavement - thanks to a bumbling local lawmaker. Assemblyman Jim Brennan's office first requested...

2 BOUND BODIES DUMPED IN QNS.

A Queens industrial site became the scene of a gruesome discovery yesterday - the bodies of two bound and murdered men in a clump of weeds. The slain men, described...

YOUNG COUPLE ELECTROCUTED - NIGHTMARE IN QUEENS AS LIGHTNING DOWNS POWER LINE

A terrifying flash flood on a Queens street during yesterday's torrential storm engulfed a car as lightning sent a nearby power line plunging into the water - electrocuting a tragic...

SHANE COULD COME BACK TO YANKEES

YANKEE NOTES ARLINGTON, Texas - Shane Spencer's recent DUI arrest doesn't scare the Yankees. Released by the Mets last week after being busted in Florida for drunken driving, Spencer could...

MIKE BIDS FOR JAVITS $$ BOOST

ALBANY - Mayor Bloomberg yesterday made a surprising emergency late-night visit to the state Capitol in a bid to rescue the endangered Jacob Javits Convention Center expansion project. Bloomberg flew...

4 AIRPORT SCREENERS IN 'RIP-OFF'

Four security screeners at Kennedy and La Guardia airports have landed behind bars, charged with lifting cash, watches, rings and other valuables from checked luggage, the Queens District Attorney's Office...

DUBYA CAMPAIGN EMPLOYS 9/11 AD-VANTAGE

WASHINGTON - The Bush campaign unveiled a new ad yesterday that invokes the horror of Sept. 11 and the fear felt by parents on that day of terror. In the...

BUSH RAISING MCCAIN - TEAM UP VS. JOHN OVER IRAQ

WASHINGTON - President Bush and Sen. John McCain yesterday double-teamed John Kerry, shredding the Democratic hopeful's plan to reduce troop strength in Iraq. "I know what I'm doing when it...

BANKERS IN $12M CON

Two ex-honchos with the Manhattan branch of one of the world's largest banks pleaded guilty yesterday to looting their employers out of an amazing $12 million over the past four...

MIKE TO UNIONS: YOU CAN'T INTIMIDATE ME

Cops and firefighters threatening wildcat strikes during the Republican convention to force the city to sign a new contract won't get anywhere, Mayor Bloomberg vowed yesterday. "This is not embarrassing...

METS BACK ON TIME WARNER

Time Warner and MSG reached a truce yesterday that returned the Mets to the airwaves for 2.4 million cable-TV subscribers. Mets games, as well as other MSG programming, have been...

MIKE BIDS FOR JAVITS $$ BOOST DA MOTION FOR DELAY

ALBANY - Mayor Bloomberg jetted to Albany yesterday for surprise emergency meetings - trying to convince lawmakers to approve money to expand the Javits Convention Center. Bloomberg immediately went into...

UMP LOOKS TO BE NO ANGEL IN JETER SPAT

YANKEE NOTES ARLINGTON - Immediately after the final out of last night's 4-2 Yankees victory, first-base umpire Angel Hernandez allegedly fired off a stream of vulgar words at Derek Jeter....

IT'S HAMM-AZING! - U.S. MEN GYMNASTS THINKING BIG

ATHENS - They aren't trash talking - yet. Not the over-publicized U.S. men's basketball team or the undefeated U.S. softball squad or the cocky U.S. sprinters. It's the U.S. men's...

EDWARDS' SUSPENSION LANDS DEVERS IN 100

OLYMPIC NOTEBOOK ATHENS - Torri Edwards' two-year doping suspension cleared the way for 37-year-old Gail Devers to try to win her third gold medal in the 100 meters. Of course,...

U.S. MATWOMEN AREN'T JOKING AROUND

ATHENS - For the first time, women's wrestling is an official Olympic sport. To many, it remains a joke, or worse, an insult. Recently in Bangladesh, Muslims marched in protest...

'HERE TO HAVE FUN' - PHELPS CHASING EIGHT GOLD MEDALS

ATHENS - On Day One of the Games of Phelps, we learned a couple of things about the man who soon will begin chasing the Shadow of Spitz: 1. Michael...

BAKER THRIVING IN TWO-TE SET

Chris Baker played so well in camp a year ago that his performance inspired the Jets' coaching staff to employ a two-tight end set it conservatively sprinkled through the playbook...

OLYMPIC SOCCER GETS BOOT - GREEKS STILL CELEBRATING EURO VICTORY

ATHENS - Evangelos Kitsios doesn't care, you understand, because he is a football fan, a rabid one. So he and his friends, Andreas Kelathanassidy and Marinos Papavasileioy, sought out a...

HERM'S NOT WORRIED

JET NOTES Every Jets fan knows precisely why playing starters in exhibition games is a gamble for head coaches. Last year was destroyed when Chad Pennington was hurt during the...

RANGERS INK ULMER, GRENIER

Solidifying their farm, where the action is likely to be during an NHL lockout, the Rangers yesterday signed defenseman Martin Grenier and forward Layne Ulmer to return to the Hartford...

SHOCKEY TAKES FIRST STEPS BACK

GIANT NOTES ALBANY - It won't be long before tight end Jeremy Shockey is back in action. He made a major stride yesterday afternoon, participating in practice for the first...

IT'S NOT STEROIDS - GIAMBI'S AILMENTS 'ABSOLUTELY' UNRELATED; NO DATE SET FOR RETURN

TAMPA - Jason Giambi wants us to know he's getting healthy, feeling happy and hoping to return to the Yankees this season. He insists his benign tumor is not related...

NO REAL SURPRISE: KURT GETS START

ALBANY - It is Kurt Warner's job to lose. No, that's not what Tom Coughlin announced yesterday, and that's not what he meant with his no-surprise naming of Warner as...

KEEP IT STRAIT - MONSTER COURSE WILL TEST WORLD'S FINEST

HAVEN, Wis. - You can hear the fear in their voices as if Whistling Straits is some kind of demon ready to swallow them whole. The world's best golfers have...

RYDER CUP SPOTS UP FOR GRABS

PGA NOTES HAVEN, Wis. - If the U.S. Ryder Cup team were announced today, Jay Haas would be an automatic qualifier while Jerry Kelly would have to hope Hal Sutton...

MORE METS' MISERY - ACHY KNEE PUTS PIAZZA ON DL

It's at that point for the Mets where every day brings another morsel of bad news. After losing games Friday, Saturday and Sunday, the Mets were greeted with the news...

DUQUETTE: KAZ WON'T SEE ACTION AT SECOND

MET NOTES To hear GM Jim Duquette tell it, don't expect to see Kaz Matsui play any second base this season. Matsui missed another game last night with an ailing...

SHEFF'S PAINFUL DECISION - COULD RETIRE IF SHOULDER DOESN'T IMPROVE

ARLINGTON, Texas - Gary Sheffield said he changes his mind daily when it comes to the pain in his right shoulder. However, the Yankees' AL MVP candidate said yesterday he...

MURPH GETS FINAL OVATION

It was the middle of beautiful St. Patrick's Cathedral, but it felt as if it could have been Shea Stadium. Msgr. John Ferry had just explained that because of the...

WRIGHT & REYES KEYS TO AN AMAZIN' FUTURE

David Wright and Jose Reyes are just 21 years old - just over half the age of aces Al Leiter and Tom Glavine - but they're clearly the Mets' future....

PAIN COULD FORCE SHEFF TO PACK IT IN

ARLINGTON, Texas - Gary Sheffield said he changes his mind daily when it comes to the pain in his left shoulder. However, the Yankees' AL MVP candidate said yesterday he...

GIAMBI: NOT 'ROIDS - AILMENTS 'ABSOLUTELY' UNRELATED

TAMPA - Jason Giambi wants us to know he's getting healthy, feeling happy and hoping to return to the Yankees this season. He insists his benign tumor is not related...

STURTZE SO GOOD - GRAND TANYON, BULLPEN PITCH IN TO TAME TEXAS

Yankees 4 - Rangers 2 ARLINGTON - If the Yankees were blind dates last night in Texas, they would have been described as having great personalities. In other words, they...

PIAZZA LANDS ON DL WITH WOUNDED KNEE

It's at that point for the Mets, where every day now brings another morsel of bad news. The latest bit of misery came yesterday when Mike Piazza was placed on...

SOGGY AND SUBDUED - RAIN-SOAKED AMAZIN'S FALL IN 10TH

Before the game even started, the Mets were down half their lineup. And it wasn't just anybody who was missing. Tom Glavine? Out following his car accident. Mike Piazza? On...

SORE LEG NEW WOE FOR REYES

MET NOTES Once again, Jose Reyes is hurting. In a peculiar development, one night after looking strong while racing to third on a triple, Reyes was a late scratch last...

FLOYD MIGHT SIT WITH SORE RIBS

The Mets lost more than just another game last night. They may have lost yet another player. The pain was evident as soon as Cliff Floyd doubled over, the victim...

FAREWELL, MURPH, WE'LL MISS YOU

It was the middle of beautiful St. Patrick's Cathedral, but it felt as if it could have been Shea Stadium. Msgr. John Ferry had just explained that because of the...