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The Dow Jones industrial average reversed its late-August slump and posted the largest one-day increase in history - 257.36 points. The buying spree began after the nation's purchasing managers reported that manufacturing activity remained at vigorous levels last month. The Dow closed at 7,879.78 Tuesday. The previous one-day record jump was 187 points, on Oct. 21, 1987.
Documents purporting to show that Vice President Gore acted innocently in attending an apparently illegal 1996 Democratic fund-raiser at a Buddhist temple near Los Angeles were released by the White House. But although the release was design- ed to indicate that Gore did not know the event was a fund-raiser, one internal memo suggested otherwise. After a month-long recess, the Senate Governmental Affairs Committee is scheduled to resume hearings into Democratic fund-raising today. Buddhist clerics from the California temple have been granted immunity from prosecution to testify.
US Middle East mediator Dennis Ross was to begin two days of meetings with visiting Israeli and Palestinian officials in Washington now that security concerns in the region have eased, the State Department said. A spokesman would not divulge which issues Ross planned to discuss with the two sides. Secretary of State Albright is scheduled to make her first official visit to the Middle East next week.
Prosecutors in the Unabomb-er trial sought to compel law-yers for Theodore Kaczynski to disclose in advance what form of mental illness they will claim for their client. The prosecution also asked a federal judge in Sacramento, Calif., to order a mental examination of Kaczynski by government experts. The defense objected to both requests, arguing they would violate Kaczynski's constitutional right against self-incrimination.
One in every 3 Mexicans living in the US is an illegal immigrant, a new study by research-ers from both countries found. Of the estimated 7.3 million people of Mexican birth in the US, about 2.4 million do not have the required documents, it said. But the survey, commissioned in 1995 by presidents Clinton of the US and Zedillo of Mexico, also concluded that the inflow of undocumented Mexicans appears to be far lower than the 1 million a year claimed by some political candidates prior to last year's elections.
The price of cigarettes to wholesalers went up 7 cents a pack - a move that industry analysts said was designed to help meet the first-year costs of settlements reached by tobacco companies with states that had sued to recover Medicaid payments for treating ill smokers. Meanwhile, in Miami, lawyers in the second-hand smoke trial sought permission to show jurors the videotaped testimony of two tobacco-company executives who admit they believe cigarette smoking is a health risk.
If the nation's first Republican presidential primary were held today, the winner would be Gov. George W. Bush of Texas, according to a New Hampshire survey. RKM Research & Communications of Portsmouth said 16 percent of respondents favored the son of former President George Bush, with former vice presidential candidate Jack Kemp second at 12 percent. The poll sampled 400 registered Republicans between Aug. 27-30.
For the first time in 67 years, uncooked beef from Argentina was introduced to the US market. Imports had been banned for health reasons, but a quota of 20,000 tons a year was allowed when the South American country was declared free of hoof-and-mouth disease in May. Suppliers say Argentine beef is less fatty than that produced in the US because cattle there are raised on grass rather than on grain, hormones, and steroids.
Rudolph Bing, who died in Yonkers, N.Y., led the Metropolitan Opera to new heights of popularity and artistic achievement in his 22 years as general manager. He was credited with more than tripling the subscribers list (to 17,000), with extending the Met's season from 18 weeks to 31, with hiring its first black soloist and prima ballerina, and with overseeing its 1966 move to Lincoln Center.
French photographers being investigated for manslaughter denied blame for the deaths of Diana, Princess of Wales; her companion, Dodi Al Fayed; and their driver. Some of the photographers said the driver, who was racing at high speeds before Sunday's crash despite allegedly being intoxicated, had managed to elude them before the crash. Others denied accusations of hindering rescuers. Six photographers and a motorcycle driver were named as suspects in the case.
Bosnian Serb leader Radovan Karadzic wants to negotiate demands that he be tried on suspicion of war crimes, and aide said. Momcilo Krajisnik made the offer in Pale, Karadzic's headquarters in Bosnia, during a meeting with UN human-rights investigator Elisabeth Rehn. He said Rehn could mediate between Karadzic and the UN's war-crimes tribunal in The Hague, which has indicted him. Rehn did not comment on the offer.