Byline: By danny hakim section: Section B; Column 0; Metropolitan Desk; Pg. 1 Length

URL: http://www.nytimes.com
SUBJECT: US PRESIDENTIAL CANDIDATES 2008 (91%); US FEDERAL ELECTIONS (90%); POLITICS (90%); AFRICAN AMERICANS (90%); LEGISLATIVE BODIES (90%); RACE & RACISM (89%); US STATE GOVERNMENT (78%); US DEMOCRATIC PARTY (78%); US PRESIDENTIAL ELECTIONS (78%); JAZZ & BLUES (78%); INTERVIEWS (76%); JEWS & JUDAISM (50%)
PERSON: BARACK OBAMA (95%); MUHAMMAD ALI (58%); HILLARY RODHAM CLINTON (55%)
GEOGRAPHIC: CHICAGO, IL, USA (94%) ILLINOIS, USA (94%) UNITED STATES (94%)
LOAD-DATE: May 11, 2008
LANGUAGE: ENGLISH
CORRECTION-DATE: October 19, 2008

CORRECTION: An article on May 11 about Barack Obama's years in Chicago misspelled the given name of Mayor Richard M. Daley's former chief of staff, who spoke about the mayor's alliance with Mr. Obama. He is Gery Chico, not Gary.

An article on May 11 about Senator Barack Obama and Chicago politics misspelled the given name of a member of the radical Weather Underground of the 1960s whom Mr. Obama's aides said he met in 1995 at a meet-and-greet held in her home. She is Bernardine Dohrn, not Bernadine. A reader pointed out the error in an e-mail message on Tuesday.

GRAPHIC: PHOTOS: LESSONS LEARNED: Barack Obama campaigning for the Illinois Senate in 1996, a race he easily won. Mr. Obama's tough test in the primary season, Week in Review.(PHOTOGRAPH BY MARC POKEMPNER)(pg. A1)

LAW SCHOOL FACULTY: Barack Obama in 1995 in his office at the University of Chicago Law School, where he taught part time. On the wall is a portrait of former Mayor Harold Washington.(PHOTOGRAPH BY MARC POKEMPNER)(pg. 24) CHART: The Name Game: A sampling of the eclectic people in Senator Barack Obama's orbit during his time in Chicago. They include allies who helped him establish his political base and people who taught him the lessons he needed to learn before he could vault onto the national stage. Chart details various congressmen and associates. (pg. 24)

DOCUMENT-TYPE: Series
PUBLICATION-TYPE: Newspaper

Copyright 2008 The New York Times Company

784 of 1231 DOCUMENTS

The New York Times
May 9, 2008 Friday

Late Edition - Final

The Conservative Revival
BYLINE: By DAVID BROOKS
SECTION: Section A; Column 0; Editorial Desk; OP-ED COLUMNIST; Pg. 27
LENGTH: 820 words
For years, American and British politics were in sync. Reagan came in roughly the same time as Thatcher, and Clinton's Third Way approach mirrored Blair's. But the British conservatives never had a Gingrich revolution in the 1990s or the Bush victories thereafter. They got their losing in early, and, in the wilderness, they rethought modern conservatism while their American counterparts were clinging to power.

Today, British conservatives are on the way up, while American conservatives are on the way down. British conservatives have moved beyond Thatcherism, while American conservatives pine for another Reagan. The British Conservative Party enjoyed a series of stunning victories in local elections last week, while polls show American voters thoroughly rejecting the Republican brand.

The flow of ideas has changed direction. It used to be that American conservatives shaped British political thinking. Now the influence is going the other way.

The British conservative renovation begins with this insight: The central political debate of the 20th century was over the role of government. The right stood for individual freedom while the left stood for extending the role of the state. But the central debate of the 21st century is over quality of life. In this new debate, it is necessary but insufficient to talk about individual freedom. Political leaders have to also talk about, as one Tory politician put it, ''the whole way we live our lives.''

That means, first, moving beyond the Thatcherite tendency to put economics first. As Oliver Letwin, one of the leading Tory strategists put it: ''Politics, once econo-centric, must now become socio-centric.'' David Cameron, the Conservative Party leader, makes it clear that his primary focus is sociological. Last year he declared: ''The great challenge of the 1970s and 1980s was economic revival. The great challenge in this decade and the next is social revival.'' In another speech, he argued: ''We used to stand for the individual. We still do. But individual freedoms count for little if society is disintegrating. Now we stand for the family, for the neighborhood -- in a word, for society.''

This has led to a lot of talk about community, relationships, civic engagement and social responsibility. Danny Kruger, a special adviser to Cameron, wrote a much-discussed pamphlet, ''On Fraternity.'' These conservatives are not trying to improve the souls of citizens. They're trying to use government to foster dense social bonds.

They want voters to think of the Tories as the party of society while Labor is the party of the state. They want the country to see the Tories as the party of decentralized organic networks and the Laborites as the party of top-down mechanistic control.

As such, the Conservative Party has spent a lot of time thinking about how government should connect with citizens. Basically, everything should be smaller, decentralized and interactive. They want a greater variety of schools, with local and parental control. They want to reverse the trend toward big central hospitals. Health care, Cameron says, is as much about regular long-term care as major surgery, and patients should have the power to construct relationships with caretakers, pharmacists and local facilities.

Cameron also believes government should help social entrepreneurs scale up their activities without burdening them with excessive oversight.

This focus means that Conservatives talk not only about war and G.D.P., but also the softer stuff. There's been more emphasis on environmental issues, civility, assimilation and the moral climate. Cameron has spent an enormous amount of time talking about marriage, families and children.

Some of his ideas would not sit well with American conservatives. He wants to create 4,200 more health visitors, who would come into the homes of new parents and help them manage day-to-day stress. But he also talks about rewriting the tax code to make it more family friendly, making child care more accessible, and making the streets safer.

Some of this is famously gauzy, and Cameron is often disdained as a mere charmer. But politically it works. The Tory modernization project has produced stunning support in London, the southern suburbs, the Welsh heartlands and the ailing north. It's not only that voters are tired of Labor. The Conservatives have successfully ''decontaminated'' their brand. They're offering something in tune with the times.

Cameron describes a new global movement, with rising center-right parties in Sweden, Canada, Australia, France, Germany, the Czech Republic, California and New York (he admires Schwarzenegger and Bloomberg). American conservatives won't simply import this model. But there's a lot to learn from it. The only question is whether Republicans will learn those lessons sooner, or whether they will learn them later, after a decade or so in the wilderness.
URL: http://www.nytimes.com
SUBJECT: POLITICS (90%); EDITORIALS & OPINIONS (90%); VOTERS & VOTING (89%); POLITICAL PARTIES (89%); POLITICAL DEBATES (78%); US REPUBLICAN PARTY (78%); CAMPAIGNS & ELECTIONS (78%); ELECTIONS (77%); RURAL COMMUNITIES (71%); SOCIOLOGY (64%); POLLS & SURVEYS (56%)
PERSON: HILLARY RODHAM CLINTON (91%); OLIVER LETWIN (54%); DAVID CAMERON (53%); MICHAEL MCMAHON (51%)
GEOGRAPHIC: UNITED KINGDOM (96%); UNITED STATES (94%)
LOAD-DATE: May 9, 2008
LANGUAGE: ENGLISH
DOCUMENT-TYPE: Op-Ed
PUBLICATION-TYPE: Newspaper

Copyright 2008 The New York Times Company

785 of 1231 DOCUMENTS

The New York Times
May 9, 2008 Friday

Late Edition - Final

His Impetuous Investment Races for the Crown
BYLINE: By ROBIN FINN
SECTION: Section B; Column 0; Metropolitan Desk; PUBLIC LIVES; Pg. 4
LENGTH: 953 words
DATELINE: Garden City, N.Y.
FOR those who wax nostalgic for the barracuda-esque ''greed is good'' ethos of the '80s, fear not. The spirit of Gordon Gekko is alive and well -- bursting at the seams, actually -- in the suddenly public persona of thoroughbred horse racing's entrepreneur du jour, Michael Iavarone.

Once a player, always a player, and for 11 years Mr. Iavarone's game was investment banking. It made the brash St. Joseph's College graduate a multimillionaire. Now his game is horse racing and the booty is the Triple Crown, a feat not accomplished since 1978. But Mr. Iavarone thinks he has the legs for it.

What it took was an impetuous $2.5 million investment for a 75 percent stake in Big Brown, a 2-year-old bruiser he had seen just once, on television, storming the finish line last year at Saratoga. In Mr. Iavarone's master-of-the-universe milieu, coveting your neighbor's horse is not a sin, it's a mission: make him an offer he can't refuse.

''I had to have the horse, so I flattered the owner and overpaid to get the deal done, and now we're on the verge of rewriting history,'' says Mr. Iavarone, holding court in his flower-filled but otherwise utilitarian office overlooking the main drag in Garden City. What a difference a Kentucky Derby victory makes. A crayoned banner that shouts ''Congratulations Big Brown'' runs the length of the room; Mr. Iavarone's mother, Anita, sent him flowers; and although Big Brown himself is not for sale, his breeding rights just might be. Sixty million is the figure dancing like sugarplums in Mr. Iavarone's head; gentlemen, rev up your checkbooks.

In the meantime, Big Brown is being revved up for the second leg of the Triple Crown, the Preakness Stakes, on May 17; if, knock on wood (if you are Mr. Iavarone, you grip your tiny Buddha good luck charm), he emerges victorious, it's off to Belmont for the June finale. The Belmont barns are where Mr. Iavarone first met Big Brown: ''I fell in love with him the second I saw him.'' Any reciprocation? ''I'll take the Kentucky Derby as exculpatory evidence.''

The undeniably cocksure -- and unseasonably tanned: credit Miami -- Mr. Iavarone is no horse whisperer, does not like to ride, and relates with relish the story of being bitten on the nipple by Frost Giant, one of the more surly among the 84 equines that occupy his racing portfolio, if not his affections. But he reveres Big Brown, a k a The Bus (for the way he mows down equine traffic) a k a Brownie (his barn moniker). Mr. Iavarone and Big Brown even share a sweet tooth for peppermints.

THE office televisions are tuned to the daily races from Belmont, the track where Mr. Iavarone honed his betting skills at age 10 at the knee of his father, a real estate broker. Mr. Iavarone grew up in Bethpage, lives in Holbrook (the hometown of his wife, Christine), and is building a waterfront manse in Massapequa for his growing family, which includes two daughters. Why doesn't he let them ride? Too dangerous; they shine at gymnastics and soccer.

''There's no defeatist attitude around here, right, Mike?'' he asks rhetorically, gesturing toward his so-called left-hand man, Michael Sherack, who as vice president of investor relations does ample glad-handing. Not that the investors in Mr. Iavarone's five-year-old business, International Equine Acquisitions Holdings, have much to wring their hands over: his upstart IEAH Stables leads the country in earnings with $4.7 million in 2008.

''Everybody likes to make money, and we are kind of a glaring exception to the industry in how fast we've made it, but this is not about egos or money,'' he says, simultaneously dividing his attention among the television, the prospective Preakness entrants on his computer screen, his e-mail and the interviewer across the desk. On his desk sits a discarded tie and paperwork for his latest endorsement deal with UPS; Big Brown is already a brand and corporate mascot. ''I liked his name a lot better after I made that deal. I mean, it's a business, yes, but it's also a sport to us, and if not for the horses, we aren't going to entertain ourselves or anybody.''

Mr. Iavarone, 37, is prone to plumping his hairline with visible dollops of gel, as was the antihero of the film ''Wall Street'' who pushed him into investment banking. He is the majority owner, with his partner Richard Schiavo, of Big Brown. A big responsibility.

Big Brown is the first horse since 1915 to win the Derby in just his fourth career start, the first since 1929 to win from the far outside 20th post position, and the seventh undefeated Derby winner in the history of the race.

''I think this horse, even if he never raced again, we should all go to the altar and get down on our knees and thank him,'' says Mr. Iavarone, ''but if any horse has the goods to win the Triple Crown, it's him. I don't think distance means anything to him.''

As for worries his horse might break down as did the Derby runner-up, Eight Belles, who broke two ankles and was euthanized on the track shortly after the race, and the 2006 Derby phenom Barbaro, who suffered a mortal injury at the Preakness, Mr. Iavarone draws an odd analogy: ''I could get hit by a truck crossing the street, so does that mean I shouldn't cross the street? These accidents are part of the game, but that doesn't make it an inhumane game: we treat our horses like royalty; believe me, they are doing what they were bred to do, what makes them happiest.''

Lacking firsthand confirmation on that, at least there is Mr. Iavarone's corporate goodwill gesture toward the industry: a $17 million private equine facility, the Ruffian Equine Medical Center, that will open near Belmont Park in 2009. Remember what happened to Ruffian?

URL: http://www.nytimes.com
SUBJECT: HORSE RACING (90%); BANKING & FINANCE (71%); INVESTMENT BANKING (71%); WEALTHY PEOPLE (71%); EVIDENCE (65%)
PERSON: MICHAEL MCMAHON (55%)
GEOGRAPHIC: KENTUCKY, USA (92%) UNITED STATES (92%)
LOAD-DATE: May 9, 2008
LANGUAGE: ENGLISH
GRAPHIC: PHOTO (PHOTOGRAPH BY KIRK CONDYLES FOR THE NEW YORK TIMES)
PUBLICATION-TYPE: Newspaper

Copyright 2008 The New York Times Company

786 of 1231 DOCUMENTS

The New York Times
May 8, 2008 Thursday

Late Edition - Final

Still on Campus but Already Advising Businesses
BYLINE: By BRENT BOWERS
SECTION: Section C; Column 0; Business/Financial Desk; IN THE HUNT; Pg. 7
LENGTH: 1208 words
FOR the last four months, nine students at Stetson University's business school have been putting together a marketing plan for a maker of parachutes and related equipment, Complete Parachute Solutions Inc., not far from the school's campus in central Florida.

More than just gaining business experience, they were playing the role of consultants, trying to answer questions like what new overseas markets the company should seek out and what effect a Democratic takeover of the White House would have on sales to the American military, the company's biggest customer by far.

Fred Williams, the vice president for manufacturing and technical relations, is a former member of the Navy Seals who has made more than 8,400 sky-diving jumps ''and never broken a bone.'' He says the business exercise will bring substantial gains. ''We got raw fresh insight into our company from people who not long ago knew nothing about it and who came up with unbiased recommendations,'' he said.

Sending business students to do fieldwork at local firms is not new, of course. The trend, however, has taken a sharp new turn over the last few years, said Bo Fishback, vice president for entrepreneurship at the Kauffman Foundation, a center of entrepreneurial research in Kansas City, Mo.

''There has been a huge shift into these hands-on programs where the kids act as de facto consultants,'' Mr. Fishback said. ''A company might say, 'We're developing a new underwater breathing apparatus,' '' he said. ''We want you to tell us how to market it.''

The switch in roles has given birth to a related trend that he described as ''super targeting,'' in which companies that have tapped into business school students' expertise then seek help from specialists in other departments, like computer science professors.

The class at Stetson, in Deland, Fla., got an unexpected reward for its work. Becky Oliphant, an associate marketing professor at Stetson, and her students were given the chance to sky dive, using, of course, parachutes made by Complete Parachute Solutions, a consortium of three parachute equipment makers with more than 300 employees.

Five took up the offer. One, Heather Fuller, who is also the director of a hospital pharmacy and the owner of a dance business called Dancelexic, said she was nervous about making the jump but now cannot wait to do it again. ''It was the most exhilarating sensation I've ever had,'' she said.

The Stetson students spent the semester compiling recommendations for upgrading the company's Web site. Ms. Fuller said the group proposed ways to make the site easier to use and to add features like a customer portal and an online store.

After the students' final presentation on Monday, Mr. Williams said, ''We'll certainly take elements of their report, especially concerning the Web site.''

He said that he was especially intrigued by a map the group created that showed how many keystrokes it took customers to reach various spots on the site and that he found persuasive the students' arguments for making India and Japan primary marketing targets.

Didi Davis, founder of Didi Davis Food in Ipswich, Mass., credits a consulting program offered by the business school of nearby Babson College for getting her venture on track -- and indirectly lifting it from a niche outpost into a potential national distributor of specialty food products.

Ms. Davis, 55, ran a catering service in high school, started a cooking school in 1982 and wrote two cookbooks before experiencing an entrepreneurial epiphany on a trip to Paris four years ago. There, she sampled vanilla-flavored sea salt, and she was so taken by it that she started Didi Davis Food on her return home. Her idea was to make gourmet condiments like flavored salts and syrups and to sell high-end packaged foods like vinegars and mustards.

The firm grew slowly, to $75,000 in revenue last year, but, Ms. Davis said, ''Believe it or not, I didn't have a business plan.'' So last fall, she enlisted a team of undergraduate students at Babson's business school, under the direction of a master's degree candidate, to write one.

''What we gained was a smart, polished report that focused our minds and opened up the potential for us to raise outside capital,'' Ms. Davis said. ''Perhaps the biggest immediate benefit was to persuade us to institute a proper accounting system. The business plan was a wake-up call; it forced us to join the real world of business.''

That in turn gave her the confidence to make a move that she believes could put her company on the food industry map. In February, she made a $120,000 deal to acquire Salt Traders, a Web site that markets specialty sea salts. ''We can sell our stuff over Salt Traders,'' she said. ''We'll have a national presence.''

She was not the only one to gain a practical benefit from the project. Aditi Chowdhary, who led the Babson consulting team and is getting her business degree this weekend, said it gave her management expertise that she can use when she joins her family' small manufacturing company in India. ''Right now, my ambition is taking my father's company global,'' she said.

Rosemary Casey, the Babson business school's manager of consulting programs, said the practice of exposing students to local companies dated to the 1970s. The number of teams has grown to 14 or 15 a semester, from 10 to 12 four years ago.

Babson likes to work with nonprofit groups, she said. One team did research for the Earthwatch Institute in Maynard, Mass., on pricing adventure tours for the public, for example, she said, while another did a report for the Cape Cod chapter of Habitat for Humanity on the feasibility of creating a resale store for discarded housing materials like shingles, gutters and bricks. (It recommended against the move.)

''I think this sort of experiential education has become more and more common,'' Ms. Casey said.

Dr. Oliphant at Stetson agrees. Just over the last couple of years, she says, her students have worked with nearly 50 businesses, performing services as diverse as alerting a distributor of key lime pies that his Web site was about to expire, helping a hair salon relocate and creating a slogan for it, and urging a maker of hurricane shutters to market them as protection against burglars as well as storms.

In fact, she said, her program has gotten too popular, forcing her to turn down overtures from would-be entrepreneurs who have neither a business nor a product but only an untested moneymaking idea. ''It's like a physician at a dinner party,'' she said. ''Everybody wants a free diagnosis.''

By contrast, working with an established and growing company like Complete Parachute Solutions rewards students for their work with real-world experience. And, of course, there are the parachute jumps. Ms. Oliphant says the company's offer to stage the sky diving event was made spontaneously at her first meeting with Mr. Williams, the company's vice president, in January. ''All I wanted him to do was provide an open parachute in a back room so the students could at least see and touch it,'' she recalled. ''I said, 'Could you ...,' and he broke in, 'Give 'em a jump? Sure. How are they going to understand the business otherwise?' ''
URL: http://www.nytimes.com
SUBJECT: MISC TEXTILE PRODUCTS MFG (90%); ENTREPRENEURSHIP (90%); STUDENTS & STUDENT LIFE (90%); EDUCATION (90%); COLLEGE STUDENTS (90%); MARKETING CAMPAIGNS (90%); MARKETING PLAN (78%); WEB SITES & PORTALS (77%); ARMED FORCES (70%); INTERNET RETAILING (60%); WEB SITES (60%); PHARMACIES & DRUG STORES (50%); PHARMACIES (50%); COLLEGE & UNIVERSITY PROFESSORS (89%); BUSINESS EDUCATION (90%); EXTREME SPORTS (72%)
ORGANIZATION: STETSON UNIVERSITY (84%)
PERSON: MICHAEL MCMAHON (54%)
GEOGRAPHIC: KANSAS CITY, MO, USA (55%) FLORIDA, USA (94%); MISSOURI, USA (77%) UNITED STATES (94%)
LOAD-DATE: May 8, 2008
LANGUAGE: ENGLISH
GRAPHIC: PHOTO: Becky Oliphant, an associate marketing professor, sky diving with Fred Williams of Complete Parachute Solutions in Florida.
PUBLICATION-TYPE: Newspaper

Copyright 2008 The New York Times Company

787 of 1231 DOCUMENTS

The New York Times
May 7, 2008 Wednesday

Late Edition - Final

INSIDE THE TIMES: May 7, 2008
SECTION: Section A; Column 0; Metropolitan Desk; Pg. 2
LENGTH: 2364 words
INTERNATIONAL

SCANDAL LINKS ISRAELI LEADER

With New York Developer

A Long Island philanthropist and fund-raiser for Israeli charities is at the center of a scandal enveloping Israel's prime minister, Ehud Olmert, that has riveted and agitated Israel despite a veil of secrecy over the investigation. The inquiry appears to involve suspicion of bribery or campaign finance irregularities involving Mr. Olmert in 1999. PAGE A14

SCATTERED VIOLENCE IN IRAQ

Violence struck areas of Baghdad and parts of central and northern Iraq, as a trickle of families left Sadr City to escape bombings and security forces raided a hospital suspected of treating militia forces. Three civilians were killed and nine were wounded in one clash in Baghdad, set off by assassinations of two dignitaries. PAGE A11

TOUGH TASKS AWAIT RUSSIAN PROTeGe

When Dmitri A. Medvedev, Russia's president-elect, utters the oath of office in the splendor of St. Andrew's Hall, the ceremonies will mix Soviet nostalgia, czarist symbols and a Russian strut reflecting a renewed national pride credited to eight years of President Vladimir V. Putin's rule. But he will be taking charge of a position and policy challenges more difficult than the celebrations will suggest. PAGE A6

CHILEANS ORDERED TO FLEE VOLCANO

The Chaiten volcano in southern Chile blasted ash and what appeared to be lava a dozen miles into the air, leading the government to order the immediate and complete evacuation of people living within 30 miles of the volcano. There have been no deaths or injuries reported, although a 92-year old woman died of a heart attack as she was evacuated from Chaiten. PAGE A6

3 TAIWAN OFFICIALS QUIT

The foreign minister of Taiwan and two other top officials resigned over a botched attempt to win diplomatic recognition from Papua New Guinea, a scandal that has stirred public outrage against the departing government. About $30 million that Taipei had intended for Papua New Guinea in exchange for switching diplomatic allegiance from Beijing has disappeared. PAGE A8 E.U. Sues Italy Over Garbage A6

Greek Alarm Over African Refugees A15

National

LAWYERS FOR DETAINEES

Accuse U.S. of Eavesdropping

Lawyers for detainees at Guantanamo Bay said in a court filing that they believed that government agents were eavesdropping on their conversations with their clients. Some of the lawyers said their concerns made them alter the way they do work. One lawyer said he replaced his phone because he was certain it had been bugged. Another said she stopped accepting new clients because she could not promise them confidentiality. PAGE A16

BIG FISH TANKS GET BIGGER

The Georgia Aquarium is already the world's largest, with eight million gallons of water and 80,000 animals. But now it wants to grow larger, and it announced a $110 million expansion for dolphin windows and dolphin shows. The John G. Shedd Aquarium in Chicago, which until 2005 was the holder of the world's largest aquarium title, now calls itself ''the world's aquarium,'' and a spokesman for the Shedd says personality matters more than size. PAGE A24

BEING THE BEST AT GARBAGE

San Francisco recycles 70 percent of its disposable waste, but Mayor Gavin Newsom thinks the city can do better. He is pushing a plan that would make recycling of cans, bottles, paper, yard waste and food scraps mandatory. ''Without that, we don't think we can get to 75 percent,'' he said. PAGE A19

New York Report

REPORT CITES HIGH RATE

Of Doctors on Watch List

A report by the Federation of State Medical Boards said that more than 2 percent of New York State's practicing doctors landed on a watch list indicating they had substance abuse problems, harassment complaints, or some other issues of concern -- more than twice the national average and seventh highest among all states. State health officials said that doctors in New York had a lower burden of proof for substantiating complaints against them. PAGE C15

THURMAN'S STALKER CONVICTED

Jack Jordan, a man who was charged with stalking and harassing Uma Thurman and her family, was convicted of stalking the actress and aggravated harassment for stuffing a love letter into the mail slot of her Greenwich Village town house. The judge said that he wanted Mr. Jordan to be evaluated by a psychiatrist as a guide to sentencing, which is scheduled for June. PAGE C14

A GANG THAT ROBS DRUG DEALERS

After a two-year investigation, prosecutors won the indictments of members of eight men who traveled up and down the East Coast, staking out drug dealers before robbing and torturing them for information. The thieves allegedly would stake out a victim for several weeks and tail him with G.P.S. devices before making their move. All of the men pleaded not guilty, and are being held without bond. PAGE C14

VILLAGE HOSPITAL PLAN IS REJECTED

St. Vincent's Hospital Manhattan had been pushing for a $1.6 billion development proposal within the Greenwich Village Historic District, which would have included demolishing nine buildings to build two massive towers. But that plan was sent back to the drawing board by the city's Landmarks Preservation Commission, to the delight of preservationists. PAGE C15

Business

AFTER A SIX-YEAR SLIDE,

Dollar May Bounce Back

Just two weeks ago, the dollar hit a new low of $1.60 against the euro. But after it closed at $1.55 Tuesday, some economists think the dollar's long slide may be over, and that the dangers are over for a precipitous fall. Though it's not likely that the dollar will completely collapse, economists acknowledge that a collapse could occur if overseas investors start dumping dollars from their portfolios, fearing a decline. PAGE C1

IS THE ECONOMY AS BAD AS IT FEELS?

David Leonhardt asks: if gas is heading toward $4 a gallon and retailers like Costco and Sam's Club are rationing rice to prevent people from hoarding it, why does the rate of inflation (4 percent) not seem to reflect how bad the economy appears to the casual observer? He says part of this can be attributed to loss aversion, the human tendency to dislike a loss more than they like a gain of equivalent size. So while people notice a jump in the price of eggs, they don't notice the equal drop in oranges. PAGE C1

UBS TO LAY OFF 5,500 WORKERS

The Swiss banking giant UBS, which was hit harder than other European banks during the credit crisis, announced that it had sold $15 billion of subprime mortgage debt and would cut 5,500 jobs -- including 2,600 in New York and London. But UBS has other problems on the horizon, as customers are withdrawing money from its asset- and wealth-management business. PAGE C6

A BEAR STEARNS SURVIVOR

At 80, Alan C. Greenberg is almost as old as Bear Stearns, the troubled Wall Street bank where he has worked for 59 years and which is about to be swallowed up by JPMorgan. Though he empathized with Bear employees who lost their jobs and their fortunes, it does not extend to the suffering of James E. Cayne, who wrested Bear from him and lost almost $900 million when Bear's price collapsed. ''Oh, really.'' Mr. Greenberg deadpans. ''Goodness, that's a shame.'' PAGE C1

ARTS

SIMMERING ANTI-SEMITISM

Mars a Vibrant Hungary

The firebombing of a ticket booth that wouldn't sell tickets to a far-right rock band's shows, rallies by the right and left and a controversial art show are some of many signs that anti-Semitism is on the rise in Hungary. Some ascribe the development to a parallel rise in Jewish culture. ''A new generation of Jews has emerged,'' says one professor. ''To be Jewish today is a question of one's public culture.'' PAGE B1

RADIOHEAD BEGINS U.S. TOUR

Radiohead played the first concert of its North Americantour in West Palm Beach, and nobody onstage was tan. ''We've just spent the last three days in Miami Beach,'' said Thom Yorke, the band's lead singer. ''For once I was proud to be white, pale and English.'' The show itself was also subdued, Ben Ratliff writes. Mr. Yorke got inside the music as he normally does, singing like a bowed string instrument, but he was rarely fully submerged. PAGE B1

RICHARD SERRA'S PARIS MOMENT

France is making a fuss over Richard Serra, the 68-year-old American bantamweight who fashions gargantuan art out of steel. Mr. Serra opens the annual Monumenta show; the city of Paris has restored one of his earlier works to its place in the garden of the Tuileries; and he has been made a commander of the Order of Arts and Letters of the French Academy, a leap from his previous knighthood. PAGE B1

THE MAKING OF YELTSIN

In the introduction to his biography of Boris N. Yeltsin, Timothy J. Colton lists more than 100 of the similes and analogies that have been applied over the years to Yeltsin, among them martyr and jester, Lincoln and Nixon, Alexander the Great and Ivan the Terrible, Hamlet and Hercules, bulldog and boa constrictor. It is an early signal that Mr. Colton knows he is treading into a subject that has inspired rival mythologies. A review by Bill Keller. PAGE B1

PHILHARMONIC MUSES ABOUT MUTI

The announced union of Riccardo Muti and the Chicago Symphony Orchestra left 100 jilted suitors at Avery Fisher Hall. Even though the New York Philharmonic announced a new music director last summer, members of the orchestra, who have often spoken of their special relationship with Mr. Muti, had dearly wanted him in the post. ''I felt there was a relationship here, and he had committed to us,'' said one Philharmonic violist. PAGE B2

Manohla Dargis: Battle for Haditha B8

Ben Brantley: Glory Days B3

Sports

HE COULD HAVE BEEN

A Contender, Sort of

Pat Reynolds trained Big Brown, the Kentucky Derby winner, back when the horse was just getting into racing and before the horse's owner sold the horse. So Mr. Reynolds, who is known for getting the best from his horses but rarely has a quality horse to run, has some mixed emotions about Big Brown's win. ''He's going to be in demand, and that could have been me,'' he said of the horse's new trainer. ''That's the tough part to take.'' PAGE C20

DEBATING HORSE RACING'S ISSUES

When Eight Belles was put down at last weekend's Kentucky Derby, it unleashed unease among casual race observers and protests among animal rights groups, which were following Barbaro's injury in the 2006 Preakness Stakes because so much of the coverage focused on the horse's fight for survival. But with Eight Belles euthanized, the debate over thoroughbred racing's related issues -- like steroids, the ages of horses and the quality of track surfaces -- have once again come to the fore. Sports of The Times, William C. Rhoden. PAGE C17

OBITUARIES

IRVINE ROBBINS, 90

An ice cream entrepreneur who with his brother-in-law, Burton Baskin, started the Baskin-Robbins chain of ice cream stores, he helped concoct the company's famous ''31 flavors,'' among them Daiquiri Ice, Pink Bubblegum, Here Comes the Fudge, Nuts to You, Rocky Road, Cafe Ole, Huckleberry Finn, chocolate cheesecake, pineapple coconut and Mr. Robbins's personal favorite, Jamoca almond fudge. PAGE A25

ALVIN COLT, 91

A Tony Award-winning costume designer, he draped actors in everything from gamblers' pinstripes for ''Guys and Dolls'' to flowing robes for classic Shakespearean productions to vacuum cleaner hoses and Coca-Cola cans for recent spoofs of Broadway musicals. PAGE A25

Dining Out

AT CULINARY SCHOOL,

The Aroma of Revolution

Instructors at the Culinary Institute of America in Hyde Park, N.Y, gave Tim Ryan, the school's president, a no-confidence vote last month after complaining of shoddy equipment, slipping academic standards and accusing the administration of retaliating against its critics. Then the students voiced their discontent by hanging ''Fire Tim Ryan'' signs in their dorms and organizing online, and the administration prevented the campus newspaper from printing articles about the unrest. Mr. Ryan said likened the turmoil on campus to a family disagreement. But members of the faculty do not see it that way. PAGE D5

AN ONION PATCH GROWS IN BROOKLYN

There are some peculiarities to gardening in inner cities. Corn attracts rats, so that's out. There's also the issue of lead in the soil, due to vehicle exhaust and remnants of old construction. But increasingly, residents of places like East New York and the South Bronx -- with low-income residents, high rates of obesity-related illnesses, and little in the way of fresh produce -- are using their backyards and neighborhood plots to grow food not just to feed their families but to sell to people on their block. PAGE D1

THE TOUGHEST TABLE IN TOWN

There are restaurants in New York City where reservations are hard to wrangle. Then there's Momofuku Ko, which is one of the most talked about new restaurants in the city -- and has only 12 seats. Frank Bruni says that Ko also forgoes pomp and atmospherics. ''There's a plywood wall to your back and, in front of you, cooks so close you can count their beads of sweat as they not only prepare and plate your food but also hand it to you,'' he writes. PAGE D1

Is Organic Produce Better? D5

Mark Bittman:

Quiche, Sans Crust D3

Editorial

IT'S ABOUT THE WHITE HOUSE

While Barack Obama and Hillary Rodham Clinton contested Indiana and North Carolina, John McCain's speech about choosing conservative judges was a reminder of the bigger contest ahead -- between Republicans and Democrats. PAGE A26

THE DEATH PENALTY RETURNS

The next few months, as states put their machinery of death into overdrive, are an ideal time for the nation to rethink its commitment to capital punishment. PAGE A26

DISASTER IN MYANMAR

The world should help Myanmar recover and rebuild from its devastating cyclone -- and the country's repressive government should let the world help. PAGE A26

Op-Ed

THOMAS L. FRIEDMAN

There are two important recessions going on in the world today. One is the economic recession in America. But it will eventually pass, and the world will not be much worse for the wear. The other is called ''the democratic recession,'' and if it isn't reversed, it will change the world for a long time. PAGE A27