BEATTY'S BLATHER

Monday May 03, 1999 12:00 AM EDT

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Warren Beatty appeared at the economic summit in Davos, Switzerland, this week, telling leaders there that they should loosen up, New York's Daily News reports. In a talk dubbed "The New Media Revolution," Beatty said "fun regulation" should take precedence over "fund regulation," adding that entertainment cannot be regulated in a global economy. He then rattled off a list of people he'd like to see on a "fun regulation panel." They included Monica Lewinsky, Kenneth Starr, Pope John Paul II and Federal Reserve Chairman Alan Greenspan. No word on the reaction of those in attendance, the likes of which included Newt Gingrich, Yasser Arafat, Bill Gates, Nelson Mandela and John F. Kennedy Jr.