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The Atlanta Constitution from Atlanta, Georgia • 1

Location:
Atlanta, Georgia
Issue Date:
Page:
1
Extracted Article Text (OCR)

Fear off wair: Democrats nervous about Bush 1J 1 10 THE ATLANTA CONSTITUTION I 1 i SATURDAY, OCTOBER 27, 1990 Copyright 1990 The Atlanta Journal and The Atlanta Constitution' SPORTS FINAL 25 CENTS 7a i a. iii i I I I III I ft -v I i i i vJ 11 Skyboxes Big-bucks private suites on nn r'Z Walter StrlcklinStaff Above it all: Fans watch half-time activities from the comfort of a skybox overlooking Tech's Bobby Dodd Stadium. Maximum price per skybox per year (Si $225,000 Tho Georgia Dome Georgia Dome officials have learned the Olympics means money. Since Atlanta won the right to the '96 Games, the Georgia Dome has rented 46 skyboxes worth $30 million in leases. Here are some other skybox facts: Total boxes: 183 Rent: $20,000 to $120,000 Boxes rented so far: 159 Lease: 10-years It's a grand lifestyle If you can afford it.

People leasing skyboxes at the Georgia Dome are provided private parking, catered dining, access to a private lobby and restaurant. i. "I --j 100.000- -s-j- i4r ol 11 II li 11 1 Soviet ruble to be devalued to aid economy The Associated Press MOSCOW President Mikhail S. Gorbachev issued a series of economic decrees Friday sharply devaluing the ruble and allowing 100 percent foreign ownership of companies in the1 Soviet Union. Taking advantage of new powers given to him last month by the Soviet Parliament, Mr.

Gorbachev decreed the changes as part of his bold plan to convert this nation of 285 million to a market-based economy over about two years. The new commercial exchange rate for the ruble will go into effect Nov. 1, cutting the value of the Soviet currency by nearly 70 percent to spur exports and reduce imports. A second decree permits Soviets to buy shares in enterprises, purchase bonds and hold other securities, either singly or in registered groups, the government news agency Tass said. Foreign investors can establish enterprises in the Soviet Union, either in joint ventures with Soviet firms or with 100 percent foreign ownership.

In the past, Soviet firms had to retain majority control. Profits of foreign investors can be reinvested or transferred abroad under rules promulgated by Parliament, the decree said. It did not say when the new rules would be announced or when they would take effect. "Foreign investors on Soviet territory will enjoy legal protection, and conditions cannot be less favorable than the corresponding conditions for the property of Soviet organizations, enterprises and citizens of the U.S.S.R.," the decree said. The decree on stock ownership will have little immediate impact, because the Soviet Union does not yet have a stock exchange.

Officials, however, have been discussing opening an exchange and recently sought advice from visiting represents tives of the New York Stock Exchange. The decrees were announced in Moscow by Tass as Mr. Gorbachev opened a three-day state visit to Spain. Joey rvanscoStaff Clowning around: Evander Holyfield meets with the press Friday morning in Las Vegas. Sources: Skybox Magazine, various facilities.

Canadian dollars Dl nirH.ewiriuiuy a uig pan ui nuiynuu win Michelle WiseStaff i Holyfield's dealership drawing media, customers D12 Former champ George Foreman is big, not fat DJ.3 Firms pay price to entertain; dome's plush seats going fast D13 It won't be business as usual anymore A profile: The life and times of Evander Holyfield Cuba talking democracy with exiles ByJoeEarle Staff writer They're plush and pricey and becoming stadium fixtures wherever big-name sports teams play their games, and they're being snapped up quickly at the Georgia Dome, two years before it opens. Known as skyboxes, these big-bucks private suites are where corporate executives schmooze with clients while nibbling, sipping and watching the action. It's football without freezing and baseball twithout sweating. "Skyboxes are kind of the 'golf course of the '90s, a mix of business and pleasure," says Bill Dorsey, publisher and editor of Cincinnati-based List of skybox owners A13 Skybox magazine, which just published its first issue. What they aren't is cheap.

Rentals nationwide run from $29,000 to $229,000 a year; Mr. Dorsey says, and average roughly $100,000 a year. The more expensive ones usually rent the fastest. Customers haven't been shy, even in a declining economy, about paying for prime seats in the Georgia Dome, where the Atlanta Falcons football team is scheduled to begin playing in the fall of 1992. Despite a required 10-year Please see SKYBOXES, A13 Official indicates that dialogue could ease Castro from power The Associated Press MIAMI Cuba's vice president said his government has opened a dialogue with moderate exile groups that seek a transition to democracy and the peaceful replacement of President Fidel Castro.

Vice President Carlos Rafael Rodriguez's comments were broadcast on state radio and monitored here Thursday, a week after a coalition of moderate exile groups publicly invited discussions aimed at democratizing the Communist nation. Mr. Rodriguez said Cuba shunned contacts Soviet paper dishes out dirt on Castro A2 with more militant anti-Communist exiles in Miami but confirmed that the country has opened discussions with undisclosed moderates. Those exiles propose "to liquidate Fidel Castro through dialogue. They are offering talks," he said.

1 A U.S. State Department official Friday called the declaration "very significant." The official, who demanded anonymity, said it was the first time such a high-level Cuban official had called for talks with exile groups. Please see CUBA, A16 INSIDE Insurance carriers won't pay for cancer victims' last hope Mother of six. state worker battling for life CBS founder William Paley dies in Manhattan at age 89 He ran network for more than 5 decades i wm i Congress set to approve budget toflay A4 William Paley worked more than a decade after normal retirement age, with final say on all major decisions. 1 Clear and mild It will be sunny and mild today with light southeast winds.

The high will be 67 and the low will be 43. Details, Page D16. 51 (f 311 A L. This time you get to sleep late. Eastern Standard Time returns Sunday morning at 2 a.m.

MetroC5 BUSINESS section METRO STATE section NATIONWORLD section A SECTION SPORTS By Mike King' Staff writer Two women in the final Stages of recurring breast cancer are battling insurance carriers in Georgia over who pays for the last real hope of extending their lives. v. The women a 47-year-old mother of six and a 34-year-old Avho is engaged to be married need an expensive, and somewhat risky, procedure requiring -extremely high doses of chemotherapy to fight the cancer that is 'Spreading in their bodies. Their insurance carriers will Jiay for the procedure, known as an autologous bone marrow transplant, to treat some forms of cancer, but consider it experimental for breast cancer because there is not enough proof that it works. Without it, the women and their physicians say, they will die.

Both had already battled the disease once before it returned. Both have exhausted conventional treatments. Judith Moore, 47, a Decatur lawyer who was diagnosed with breast cancer last year, filed suit in Fulton County Superior Court on Thursday asking a judge to order Blue Cross and Blue Shield of Georgia to pay for the procedure, scheduled for next month. Blue Cross contends the $90,000 procedure is not a covered benefit of its health insurance plan for Mathis Dairy, where Mrs. Moore was employed.

Emory University Hospital has told her it will not perform the procedure unless it is guaranteed payment. Patricia G. Kelly, 34, of Cum-ming, a laboratory manager with the GBI crime lab, is in an isolation room at Emory University Hospital where she has been receiving huge doses of chemotherapy over the last week. The State Merit System in- Please see INSURANCE, A8 The Associated Press NEW YORK-William S. Pa-ley, the cigar maker's son who bought a fledgling radio network for $400,000 in 1928 and turned it into the $3 billion-a-year communications conglomerate known as CBS died Friday.

He was 89. Mr. Paley died at his Manhattan home at 11 p.m., said CBS spokeswoman Ann Morfogen. He controlled the Columbia Broadcasting System for more than half a century as president or board chairman of its radio and TV networks and its film, publishing, recording and other subsidiaries. More than a decade after normal retirement age, he was still reporting for work at his sumptuous office atop "Black Rock," the black marble-faced tower in midtown Manhattan housing CBS headquarters, and giving the final approval to all major policy decisions.

VOL 41, NO. 450 148 PAGES, 8 SECTIONS MOVIES WK NEWSMAKERS A2 OBITUARIES C9 REUGION Cll TV C14.1S TUCKER A19 WHEELS 133 WILLIAMS A19 ABBY C17 BRIDGE C17 CATHY C17 CLASSIFIEDS El COMICS C16.17 CROSSWORD ES EDITORIALS A18 HOROSCOPE C17 i mmwm, i In his first fT major Interview, kl Persian 1 Gulf commander H. Norman BILL PALEY: The man who built an empire. C8 In April 1983, he turned thev reins of CBS Inc. over to Thomas H.

Wyman. But when CBS's biggest stockholder, Loew's became unhappy with Mr. Wy-man's policies, Mr. Paley teamed with Loew's Chairman Lawrence Tisch in 1986 to retake control, Mr. Paley as chairman and Mr.

Tisch as president and chief executive officer. TO SUBSCRIBE, CALL 522-4141 ffty Thl newspaper It printed In part w' on recycled paper and li recyclable. Il 1.3 For the recycling station nearest Of you, phone 222-2000, Schwarzkopf discusses the crisis..

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Pages Available:
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Years Available:
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