Friday, September 12, 2003

Arafat Expelled
Israel's ruling cabinet has voted to expel Yasser Arafat. The Palestinian parliament says it now has no choice but to have him home-schooled.

China Spy Gear
The U.S. now says it's "highly likely" the Chinese were able to salvage top secret spying equipment from that Navy plane forced to land on Hainan island two years ago. Investigators know this because the Chinese now have better surveillance abilities and cheap knockoffs of the plane's gear have been for sale on the streets of Midtown Manhattan since July.

Corporate Life Insurance
The Treasury Department is moving to prevent companies like Enron and WorldCom from honoring huge life insurance policies it granted former managers as a form of tax-free pay. Some top execs got $5 million to $30 million of coverage. But ripped-off shareholders in those companies say they'd be happy to let the policies stand, as long as all those former executives agree to die in the next few weeks.

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