treebank3_sect2.txt

======================================

In/IN 
[ an/DT Oct./NNP 19/CD review/NN ]
of/IN ``/`` 
[ The/DT Misanthrope/NN ]
''/'' at/IN 
[ Chicago/NNP 's/POS Goodman/NNP Theatre/NNP ]
 (/( 
[ ``/`` Revitalized/VBN Classics/NNS ]
Take/VBP 
[ the/DT Stage/NN ]
in/IN 
[ Windy/NNP City/NNP ]
,/, ''/'' 
[ Leisure/NN ]
&/CC 
[ Arts/NNS ]
 )/) ,/, 
[ the/DT role/NN ]
of/IN 
[ Celimene/NNP ]
,/, played/VBN by/IN 
[ Kim/NNP Cattrall/NNP ]
,/, was/VBD mistakenly/RB attributed/VBN to/TO 
[ Christina/NNP Haag/NNP ]
./. 

[ Ms./NNP Haag/NNP ]
plays/VBZ 
[ Elianti/NNP ]
./. 

======================================

 (/( See/VB :/: ``/`` 
[ Revitalized/VBN Classics/NNS ]
Take/VBP 
[ the/DT Stage/NN ]
in/IN 
[ Windy/NNP City/NNP ]
''/'' --/: 
[ WSJ/NNP Oct./NNP 19/CD ]
,/, 
[ 1989/CD ]

)/) 
======================================




======================================

[ Rolls-Royce/NNP Motor/NNP Cars/NNPS Inc./NNP ]
said/VBD 
[ it/PRP ]
expects/VBZ 
[ its/PRP$ U.S./NNP sales/NNS ]
to/TO remain/VB 
[ steady/JJ ]
at/IN about/IN 
[ 1,200/CD cars/NNS ]
in/IN 
[ 1990/CD ]
./. 

[ The/DT luxury/NN auto/NN maker/NN last/JJ year/NN ]
sold/VBD 
[ 1,214/CD cars/NNS ]
in/IN 
[ the/DT U.S./NNP Howard/NNP Mosher/NNP ]
,/, 
[ president/NN ]
and/CC 
[ chief/JJ executive/NN officer/NN ]
,/, said/VBD 
[ he/PRP ]
anticipates/VBZ 
[ growth/NN ]
for/IN 
[ the/DT luxury/NN auto/NN maker/NN ]
in/IN 
[ Britain/NNP ]
and/CC 
[ Europe/NNP ]
,/, and/CC in/IN 
[ Far/JJ Eastern/JJ markets/NNS ]
./. 



======================================

[ BELL/NNP INDUSTRIES/NNP Inc./NNP ]
increased/VBD 
[ its/PRP$ quarterly/NN ]
to/TO 
[ 10/CD cents/NNS ]
from/IN 
[ seven/CD cents/NNS ]

[ a/DT share/NN ]
./. 

[ The/DT new/JJ rate/NN ]
will/MD be/VB 
[ payable/JJ Feb./NNP 15/CD ]
./. 

[ A/DT record/NN date/NN has/VBZ n't/RB ]
been/VBN set/VBN ./. 

[ Bell/NNP ]
,/, based/VBN in/IN 
[ Los/NNP Angeles/NNP ]
,/, makes/VBZ and/CC distributes/VBZ 
[ electronic/JJ ]
,/, 
[ computer/NN ]
and/CC 
[ building/NN products/NNS ]
./. 



======================================

[ Investors/NNS ]
are/VBP appealing/VBG to/TO 
[ the/DT Securities/NNPS ]
and/CC 
[ Exchange/NNP Commission/NNP ]
not/RB to/TO limit/VB 
[ their/PRP$ access/NN ]
to/TO 
[ information/NN ]
about/IN 
[ stock/NN purchases/NNS ]
and/CC 
[ sales/NNS ]
by/IN 
[ corporate/JJ insiders/NNS ]
./. 

======================================

[ A/DT SEC/NNP proposal/NN ]
to/TO ease/VB reporting/NN 
[ requirements/NNS ]
for/IN 
[ some/DT company/NN executives/NNS ]
would/MD undermine/VB 
[ the/DT usefulness/NN ]
of/IN 
[ information/NN ]
on/IN 
[ insider/NN trades/NNS ]
as/IN 
[ a/DT stock-picking/JJ tool/NN ]
,/, 
[ individual/JJ investors/NNS ]
and/CC 
[ professional/JJ money/NN managers/NNS ]
contend/VBP ./. 

======================================

[ They/PRP ]
make/VBP 
[ the/DT argument/NN ]
in/IN 
[ letters/NNS ]
to/TO 
[ the/DT agency/NN ]
about/IN 
[ rule/NN changes/NNS ]
proposed/VBD 
[ this/DT past/JJ summer/NN ]
that/IN ,/, among/IN 
[ other/JJ things/NNS ]
,/, would/MD exempt/VB 
[ many/JJ middle-management/JJ executives/NNS ]
from/IN reporting/VBG 
[ trades/NNS ]
in/IN 
[ their/PRP$ own/JJ companies/NNS '/POS shares/NNS ]
./. 

[ The/DT proposed/VBN changes/NNS ]
also/RB would/MD allow/VB 
[ executives/NNS ]
to/TO report/VB 
[ exercises/NNS ]
of/IN 
[ options/NNS ]
later/RBR and/CC less/RBR often/RB ./. 

======================================

[ Many/JJ ]
of/IN 
[ the/DT letters/NNS ]
maintain/VBP that/IN 
[ investor/NN confidence/NN ]
has/VBZ been/VBN so/RB shaken/VBN by/IN 
[ the/DT 1987/CD stock/NN market/NN crash/NN ]
--/: and/CC 
[ the/DT markets/NNS ]
already/RB so/RB stacked/VBN against/IN 
[ the/DT little/JJ guy/NN ]
--/: that/IN 
[ any/DT decrease/NN ]
in/IN 
[ information/NN ]
on/IN 
[ insider-trading/NN patterns/NNS ]
might/MD prompt/VB 
[ individuals/NNS ]
to/TO get/VB out/RB of/IN 
[ stocks/NNS ]
altogether/RB ./. 

======================================

``/`` 
[ The/DT SEC/NNP ]
has/VBZ historically/RB paid/VBN 
[ obeisance/NN ]
to/TO 
[ the/DT ideal/NN ]
of/IN 
[ a/DT level/JJ playing/NN field/NN ]
,/, ''/'' wrote/VBD 
[ Clyde/NNP S./NNP McGregor/NNP ]
of/IN 
[ Winnetka/NNP ]
,/, 
[ Ill./NNP ]
,/, in/IN 
[ one/CD ]
of/IN 
[ the/DT 92/CD letters/NNS ]

[ the/DT agency/NN ]
has/VBZ received/VBN since/IN 
[ the/DT changes/NNS ]
were/VBD proposed/VBN 
[ Aug./NNP 17/CD ]
./. 

``/`` Apparently/RB 
[ the/DT commission/NN ]
did/VBD not/RB really/RB believe/VB in/IN 
[ this/DT ideal/NN ]
./. 

''/'' 
======================================

Currently/RB ,/, 
[ the/DT rules/NNS force/VBP executives/NNS ]
,/, 
[ directors/NNS ]
and/CC 
[ other/JJ corporate/JJ insiders/NNS ]
to/TO report/VB 
[ purchases/NNS ]
and/CC 
[ sales/NNS ]
of/IN 
[ their/PRP$ companies/NNS '/POS shares/NNS ]
within/IN about/IN 
[ a/DT month/NN ]
after/IN 
[ the/DT transaction/NN ]
./. 

But/CC about/IN 
[ 25/CD %/NN ]
of/IN 
[ the/DT insiders/NNS ]
,/, according/VBG to/TO 
[ SEC/NNP figures/NNS ]
,/, file/VBP 
[ their/PRP$ reports/NNS ]
late/RB ./. 

======================================

[ The/DT changes/NNS ]
were/VBD proposed/VBN in/IN 
[ an/DT effort/NN ]
to/TO streamline/VB 
[ federal/JJ bureaucracy/NN ]
and/CC 
[ boost/VB compliance/NN ]
by/IN 
[ the/DT executives/NNS ]
``/`` 
[ who/WP ]
are/VBP really/RB calling/VBG 
[ the/DT shots/NNS ]
,/, ''/'' said/VBD 
[ Brian/NNP Lane/NNP ]
,/, 
[ special/JJ counsel/NN ]
at/IN 
[ the/DT SEC/NNP 's/POS office/NN ]
of/IN 
[ disclosure/NN policy/NN ]
,/, 
[ which/WDT ]
proposed/VBD 
[ the/DT changes/NNS ]
./. 

======================================

[ Investors/NNS ]
,/, 
[ money/NN managers/NNS ]
and/CC 
[ corporate/JJ officials/NNS ]
had/VBD until/IN 
[ today/NN ]
to/TO comment/VB on/IN 
[ the/DT proposals/NNS ]
,/, and/CC 
[ the/DT issue/NN ]
has/VBZ produced/VBN 
[ more/JJR mail/NN ]
than/IN almost/RB 
[ any/DT other/JJ issue/NN ]
in/IN 
[ memory/NN ]
,/, 
[ Mr./NNP Lane/NNP ]
said/VBD ./. 

[ The/DT SEC/NNP ]
will/MD probably/RB vote/VB on/IN 
[ the/DT proposal/NN early/RB next/JJ year/NN ]
,/, 
[ he/PRP ]
said/VBD ./. 

======================================

Not/RB 
[ all/PDT those/DT ]

[ who/WP ]
wrote/VBD oppose/VBP 
[ the/DT changes/NNS ]
./. 

[ The/DT Committee/NNP ]
on/IN 
[ Federal/NNP Regulation/NNP ]
of/IN 
[ Securities/NNPS ]
for/IN 
[ the/DT American/NNP Bar/NNP Association/NNP ]
argues/VBZ ,/, for/IN 
[ example/NN ]
,/, in/IN 
[ its/PRP$ lengthy/JJ letter/NN ]
to/TO 
[ the/DT SEC/NNP ]
,/, that/IN 
[ the/DT proposed/VBN changes/NNS ]
``/`` would/MD substantially/RB improve/VB 
[ the/DT ]
 {/( 
[ law/NN ]
 }/) by/IN conforming/VBG 
[ it/PRP ]
more/RBR closely/RB to/TO 
[ contemporary/JJ business/NN realities/NNS ]
./. 

''/'' 
======================================

[ What/WP ]

[ the/DT investors/NNS ]

[ who/WP ]
oppose/VBP 
[ the/DT proposed/VBN changes/NNS ]
object/VBP to/TO 
[ most/RBS ]
is/VBZ 
[ the/DT effect/NN ]

[ they/PRP ]
say/VBP 
[ the/DT proposal/NN ]
would/MD have/VB on/IN 
[ their/PRP$ ability/NN ]
to/TO 
[ spot/VB telltale/JJ ]
``/`` 
[ clusters/NNS ]
''/'' of/IN 
[ trading/NN activity/NN ]
--/: buying/NN or/CC selling/NN by/IN more/JJR than/IN 
[ one/CD officer/NN ]
or/CC 
[ director/NN ]
within/IN 
[ a/DT short/JJ period/NN ]
of/IN 
[ time/NN ]
./. 

According/VBG to/TO 
[ some/DT estimates/NNS ]
,/, 
[ the/DT rule/NN changes/NNS ]
would/MD cut/VB 
[ insider/NN filings/NNS ]
by/IN 
[ more/JJR ]
than/IN 
[ a/DT third/NN ] 
./. 

======================================

[ The/DT SEC/NNP 's/POS Mr./NNP Lane/NNP ]
vehemently/RB disputed/VBD 
[ those/DT estimates/NNS ]
./. 

[ The/DT rules/NNS ]
will/MD eliminate/VB 
[ filings/NNS ]
[ policy-making/VBG divisions/NNS ]
,/, such/JJ as/IN 
[ sales/NNS ]
,/, marketing/NN ,/, 
[ finance/NN ]
and/CC 
[ research/NN ]
and/CC 
[ development/NN ]
,/, 
[ Mr./NNP Lane/NNP ]
said/VBD ./. 

======================================

[ The/DT proposed/VBN rules/NNS ]
also/RB would/MD be/VB tougher/JJR on/IN 
[ the/DT insiders/NNS ]
still/RB required/JJ to/TO 
[ file/VB reports/NNS ]
,/, 
[ he/PRP ]
said/VBD ./. 

[ Companies/NNS ]
would/MD be/VB compelled/VBN to/TO publish/VB in/IN 
[ annual/JJ proxy/NN statements/NNS ]

[ the/DT names/NNS ]
of/IN 
[ insiders/NNS ]

[ who/WP ]
fail/VBP to/TO file/VB 
[ reports/NNS ]
on/IN 
[ time/NN ]
./. 

======================================

Considered/VBN as/IN 
[ a/DT whole/NN ]
,/, 
[ Mr./NNP Lane/NNP ]
said/VBD ,/, 
[ the/DT filings/NNS ]
required/VBN under/IN 
[ the/DT proposed/VBN rules/NNS ]
``/`` will/MD be/VB at/IN 
[ least/RBS ]
as/IN 
[ effective/JJ ]
,/, if/IN not/RB more/RBR so/RB ,/, for/IN 
[ investors/NNS ]
following/VBG 
[ transactions/NNS ]
./. 

''/'' 
======================================

But/CC 
[ Robert/NNP Gabele/NNP ]
,/, 
[ president/NN ]
of/IN 
[ Invest\/Net/NNP ]
,/, 
[ a/DT North/NNP Miami/NNP ]
,/, 
[ Fla./NNP ]
,/, 
[ company/NN ]

[ that/WDT ]
packages/VBZ and/CC sells/VBZ 
[ the/DT insider-trading/NN data/NNS ]
,/, said/VBD 
[ the/DT proposal/NN ]
is/VBZ worded/VBN so/RB vaguely/RB that/IN 
[ key/JJ officials/NNS ]
may/MD fail/VB to/TO file/VB 
[ the/DT reports/NNS ]
./. 

======================================

[ Many/JJ investors/NNS ]
wrote/VBD asking/VBG 
[ the/DT SEC/NNP ]
to/TO require/VB 
[ insiders/NNS ]
to/TO report/VB 
[ their/PRP$ purchases/NNS ]
and/CC 
[ sales/NNS ]
immediately/RB ,/, not/RB 
[ a/DT month/NN ]
later/RB ./. 

But/CC 
[ Mr./NNP Lane/NNP ]
said/VBD that/IN while/IN 
[ the/DT SEC/NNP ]
regulates/VBZ 
[ who/WP ]
files/VBZ ,/, 
[ the/DT law/NN ]
tells/VBZ 
[ them/PRP ]
when/WRB to/TO do/VB so/RB ./. 

[ Investors/NNS ]

[ who/WP ]
want/VBP to/TO change/VB 
[ the/DT required/JJ timing/NN ]
should/MD write/VB 
[ their/PRP$ representatives/NNS ]
in/IN 
[ Congress/NNP ]
,/, 
[ he/PRP ]
added/VBD ./. 

[ The/DT SEC/NNP ]
would/MD likely/RB be/VB amenable/JJ to/TO 
[ legislation/NN ]
that/WDT required/VBD 
[ insiders/NNS ]
to/TO file/VB 
[ transactions/NNS ]
on/IN 
[ a/DT more/RBR timely/JJ basis/NN ]
,/, 
[ he/PRP ]
said/VBD ./. 



======================================

[ The/DT nation/NN 's/POS largest/JJS pension/NN fund/NN ]
,/, 
[ which/WDT ]
oversees/VBZ 
[ $/$ 80/CD billion/CD ]
for/IN 
[ college/NN employees/NNS ]
,/, plans/VBZ to/TO offer/VB 
[ two/CD new/JJ investment/NN options/NNS ]
to/TO 
[ its/PRP$ 1.2/CD million/CD participants/NNS ]
./. 

======================================

[ The/DT Teachers/NNPS Insurance/NNP ]
and/CC 
[ Annuity/NNP Association-College/NNP Retirement/NNP Equities/NNPS Fund/NNP ]
said/VBD 
[ it/PRP ]
will/MD introduce/VB 
[ a/DT stock/NN ]
and/CC 
[ bond/NN fund/NN ]

[ that/WDT ]
will/MD invest/VB in/IN ``/`` socially/RB 
[ responsible/JJ ]
''/'' 
[ companies/NNS ]
,/, and/CC 
[ a/DT bond/NN fund/NN ]
./. 

======================================

[ Both/DT ]

[ funds/NNS ]
are/VBP expected/VBN to/TO begin/VB 
[ operation/NN ]
around/IN 
[ March/NNP 1/CD ]
,/, 
[ subject/JJ ]
to/TO 
[ Securities/NNPS ]
and/CC 
[ Exchange/NNP Commission/NNP approval/NN ]
./. 

For/IN 
[ its/PRP$ employees/NNS ]
to/TO sign/VB up/RB for/IN 
[ the/DT options/NNS ]
,/, 
[ a/DT college/NN ]
also/RB must/MD approve/VB 
[ the/DT plan/NN ]
./. 

[ Some/DT 4,300/CD institutions/NNS ]
are/VBP 
[ part/NN ]
of/IN 
[ the/DT pension/NN fund/NN ]
./. 

======================================

[ The/DT new/JJ options/NNS ]
carry/VBP out/RP 
[ part/NN ]
of/IN 
[ an/DT agreement/NN ]
that/IN 
[ the/DT pension/NN fund/NN ]
,/, under/IN 
[ pressure/NN ]
to/TO relax/VB 
[ its/PRP$ strict/JJ participation/NN rules/NNS ]
and/CC to/TO provide/VB 
[ more/JJR investment/NN options/NNS ]
,/, reached/VBN with/IN 
[ the/DT SEC/NNP ]
in/IN 
[ December/NNP ]
./. 

======================================

[ The/DT new/JJ ]
``/`` 
[ social/JJ choice/NN ]
''/'' 
[ fund/NN ]
will/MD shun/VB 
[ securities/NNS ]
of/IN 
[ companies/NNS ]
linked/VBN to/TO 
[ South/NNP Africa/NNP ]
,/, 
[ nuclear/JJ power/NN ]
and/CC in/IN 
[ some/DT cases/NNS ]
,/, 
[ Northern/NNP Ireland/NNP ]
./. 

Also/RB excluded/VBN will/MD be/VB 
[ investments/NNS ]
in/IN 
[ companies/NNS ]
with/IN ``/`` 
[ significant/JJ ]
''/'' 
[ business/NN ]
stemming/VBG from/IN 
[ weapons/NNS manufacture/NN ]
,/, 
[ alcoholic/JJ beverages/NNS ]
or/CC 
[ tobacco/NN ]
./. 

[ Sixty/CD percent/NN ]
of/IN 
[ the/DT fund/NN ]
will/MD be/VB invested/VBN in/IN 
[ stocks/NNS ]
,/, with/IN 
[ the/DT rest/NN ]
going/VBG into/IN 
[ bonds/NNS ]
or/CC 
[ short-term/JJ investments/NNS ]
./. 

======================================

[ The/DT bond/NN fund/NN ]
will/MD invest/VB in/IN 
[ high-grade/JJ ]
or/CC 
[ medium-grade/JJ bonds/NNS ]
,/, 
[ mortgages/NNS ]
or/CC 
[ asset-backed/JJ securities/NNS ]
,/, including/VBG as/JJ much/RB as/IN 
[ 15/CD %/NN ]
in/IN 
[ foreign/JJ securities/NNS ]
./. 

[ The/DT fund/NN ]
also/RB might/MD buy/VB and/CC sell/VB 
[ futures/NNS ]
and/CC 
[ options/NNS contracts/NNS ]
,/, 
[ subject/JJ ]
to/TO 
[ approval/NN ]
by/IN 
[ the/DT New/NNP York/NNP State/NNP Insurance/NNP Department/NNP ]
./. 

======================================

Under/IN 
[ two/CD new/JJ features/NNS ]
,/, 
[ participants/NNS ]
will/MD be/VB able/JJ to/TO transfer/VB 
[ money/NN ]
from/IN 
[ the/DT new/JJ funds/NNS ]
to/TO 
[ other/JJ investment/NN funds/NNS ]
or/CC ,/, if/IN 
[ their/PRP$ jobs/NNS ]
are/VBP terminated/VBN ,/, receive/VB 
[ cash/NN ]
from/IN 
[ the/DT funds/NNS ]
./. 

======================================

[ The/DT investment/NN choices/NNS ]
offered/VBN by/IN 
[ the/DT pension/NN fund/NN ]
currently/RB are/VBP limited/VBN to/TO 
[ a/DT stock/NN fund/NN ]
,/, 
[ an/DT annuity/NN ]
and/CC 
[ a/DT money-market/NN fund/NN ]
./. 



======================================

[ New/NNP Brunswick/NNP Scientific/NNP Co./NNP ]
,/, 
[ a/DT maker/NN ]
of/IN 
[ biotechnology/NN instrumentation/NN ]
and/CC 
[ equipment/NN ]
,/, said/VBD 
[ it/PRP ]
adopted/VBD 
[ an/DT anti-takeover/JJ plan/NN ]
giving/VBG 
[ shareholders/NNS ]

[ the/DT right/NN ]
to/TO purchase/VB 
[ shares/NNS ]
at/IN 
[ half/JJ price/NN ]
under/IN 
[ certain/JJ conditions/NNS ]
./. 

======================================

[ The/DT company/NN ]
said/VBD 
[ the/DT plan/NN ]
,/, under/IN 
[ review/NN ]
for/IN 
[ some/DT time/NN ]
,/, will/MD protect/VB 
[ shareholders/NNS ]
against/IN ``/`` 
[ abusive/JJ takeover/NN tactics/NNS ]
./. 

''/''
======================================



======================================

[ W./NNP Ed/NNP Tyler/NNP ]
,/, 
[ 37/CD years/NNS ]
old/JJ ,/, 
[ a/DT senior/JJ vice/NN president/NN ]
at/IN 
[ this/DT printing/VBG concern/NN ]
,/, was/VBD elected/VBN 
[ president/NN ]
of/IN 
[ its/PRP$ technology/NN group/NN ]
,/, 
[ a/DT new/JJ position/NN ]
./. 



======================================

Solo/JJ 
[ woodwind/NN players/NNS ]
have/VBP to/TO be/VB creative/JJ if/IN 
[ they/PRP ]
want/VBP to/TO work/VB 
[ a/DT lot/NN ]
,/, because/IN 
[ their/PRP$ repertoire/NN ]
and/CC 
[ audience/NN appeal/NN ]
are/VBP limited/JJ ./. 

[ The/DT oboist/NN Heinz/NNP Holliger/NNP ]
has/VBZ taken/VBN 
[ a/DT hard/JJ line/NN ]
about/IN 
[ the/DT problem/NN ]
:/: 
[ He/PRP ]
commissions/VBZ and/CC splendidly/RB interprets/VBZ 
[ fearsome/JJ contemporary/JJ scores/NNS ]
and/CC does/VBZ 
[ some/DT ]
conducting/NN ,/, so/IN 
[ he/PRP ]
does/VBZ n't/RB have/VB to/TO play/VB 
[ the/DT same/JJ Mozart/NNP ]
and/CC 
[ Strauss/NNP concertos/NNS ]
over/RB and/CC over/RB again/RB ./. 

======================================

[ Richard/NNP Stoltzman/NNP ]
has/VBZ taken/VBN 
[ a/DT gentler/JJR ]
,/, 
[ more/RBR audience-friendly/JJ approach/NN ]
./. 

[ Years/NNS ]
ago/RB ,/, 
[ he/PRP ]
collaborated/VBD with/IN 
[ the/DT new/JJ music/NN gurus/NNS Peter/NNP Serkin/NNP ]
and/CC 
[ Fred/NNP Sherry/NNP ]
in/IN 
[ the/DT very/RB countercultural/JJ chamber/NN group/NN Tashi/NNP ]
,/, 
[ which/WDT ]
won/VBD 
[ audiences/NNS ]
over/RP to/TO 
[ dreaded/JJ contemporary/JJ scores/NNS ]
like/IN 
[ Messiaen/NNP 's/POS ]
``/`` 
[ Quartet/NN ]
for/IN 
[ the/DT End/NN ]
of/IN 
[ Time/NN ]
./. 

''/'' 
======================================

[ Today/NN ]
,/, 
[ the/DT pixie-like/JJ clarinetist/NN ]
has/VBZ mostly/RB dropped/VBN 
[ the/DT missionary/JJ work/NN ]
 (/( though/IN 
[ a/DT touch/NN ]
of/IN 
[ the/DT old/JJ Tashi/NNP ]
still/RB survives/VBZ )/) and/CC now/RB goes/VBZ on/IN 
[ the/DT road/NN ]
with/IN 
[ piano/NN ]
,/, 
[ bass/NN ]
,/, 
[ a/DT slide/NN show/NN ]
,/, and/CC 
[ a/DT repertoire/NN ]

[ that/WDT ]
ranges/VBZ from/IN 
[ light/JJ ]
classical/JJ to/TO 
[ light/JJ jazz/NN ]
to/TO 
[ light/JJ pop/NN ]
,/, with/IN 
[ a/DT few/JJ notable/JJ exceptions/NNS ]
./. 

Just/RB 
[ the/DT thing/NN ]
for/IN 
[ the/DT Vivaldi-at-brunch/JJ set/NN ]
,/, 
[ the/DT yuppie/NN audience/NN ]

[ that/WDT ]
has/VBZ embraced/VBN 
[ New/NNP Age/NNP ]
as/IN 
[ its/PRP$ ]

[ very/RB own/JJ easy/JJ ]
listening/NN ./. 

But/CC 
[ you/PRP ]
ca/MD n't/RB dismiss/VB 
[ Mr./NNP Stoltzman/NNP 's/POS music/NN ]
or/CC 
[ his/PRP$ motives/NNS ]
as/RB merely/RB commercial/JJ and/CC 
[ lightweight/JJ ]
./. 

[ He/PRP ]
believes/VBZ in/IN 
[ what/WP ]

[ he/PRP ]
plays/VBZ ,/, and/CC 
[ he/PRP ]
plays/VBZ superbly/RB ./. 

[ His/PRP$ recent/JJ appearance/NN ]
at/IN 
[ the/DT Metropolitan/NNP Museum/NNP ]
,/, dubbed/VBN ``/`` 
[ A/DT Musical/JJ Odyssey/NN ]
,/, ''/'' was/VBD 
[ a/DT case/NN ]
in/IN 
[ point/NN ]
./. 

[ It/PRP ]
felt/VBD more/RBR like/IN 
[ a/DT party/NN ]
,/, or/CC 
[ a/DT ]
highly/RB polished/JJ 
[ jam/NN session/NN ]
with/IN 
[ a/DT few/JJ friends/NNS ]
,/, than/IN 
[ a/DT classical/JJ concert/NN ]
./. 

======================================

Clad/VBN in/IN 
[ his/PRP$ trademark/NN black/JJ velvet/NN suit/NN ]
,/, 
[ the/DT soft-spoken/JJ clarinetist/NN ]
announced/VBD that/IN 
[ his/PRP$ new/JJ album/NN ]
,/, ``/`` 
[ Inner/JJ Voices/NNS ]
,/, ''/'' had/VBD just/RB been/VBN released/VBN ,/, that/IN 
[ his/PRP$ family/NN ]
was/VBD in/IN 
[ the/DT front/NN row/NN ]
,/, and/CC that/IN 
[ it/PRP ]
was/VBD 
[ his/PRP$ mother/NN 's/POS birthday/NN ]
,/, so/RB 
[ he/PRP ]
was/VBD going/VBG to/TO play/VB 
[ her/PRP$ favorite/JJ tune/NN ]
from/IN 
[ the/DT record/NN ]
./. 

[ He/PRP ]
launched/VBD into/IN 
[ Saint-Saens/NNP 's/POS ]
``/`` 
[ The/DT Swan/NN ]
''/'' from/IN ``/`` 
[ Carnival/NN ]
of/IN 
[ the/DT Animals/NNS ]
,/, ''/'' 
[ a/DT favorite/JJ encore/NN piece/NN ]
for/IN 
[ cellists/NNS ]
,/, with/IN 
[ lovely/JJ ]
,/, 
[ glossy/JJ tone/NN ]
and/CC 
[ no/DT bite/NN ]
./. 

Then/RB ,/, as/IN if/IN to/TO show/VB that/IN 
[ he/PRP ]
could/MD play/VB fast/RB as/IN well/RB ,/, 
[ he/PRP ]
offered/VBD 
[ the/DT second/JJ movement/NN ]
from/IN 
[ Saint-Saens/NNP 's/POS Sonata/NN ]
for/IN 
[ Clarinet/NN ]
,/, 
[ a/DT whimsical/JJ ]
,/, 
[ puckish/JJ tidbit/NN ]

[ that/WDT ]
reflected/VBD 
[ the/DT flip/JJ side/NN ]
of/IN 
[ the/DT Stoltzman/NNP personality/NN ]
./. 

======================================

And/CC so/RB 
[ it/PRP ]
went/VBD through/IN 
[ the/DT first/JJ ]

[ half/NN ]
:/: 
[ an/DT ]
ingeniously/RB chosen/VBN 
[ potpourri/NN ]
of/IN 
[ pieces/NNS ]
,/, 
[ none/NN ]
longer/JJR than/IN 
[ five/CD minutes/NNS ]
,/, 
[ none/NN ]

[ that/WDT ]
would/MD disturb/VB or/CC challenge/VB 
[ a/DT listener/NN ]
./. 

[ Mr./NNP Stoltzman/NNP ]
introduced/VBD 
[ his/PRP$ colleagues/NNS ]
:/: 
[ Bill/NNP Douglas/NNP ]
,/, 
[ pianist\/bassoonist\/composer/NN ]
and/CC 
[ an/DT old/JJ buddy/NN ]
from/IN 
[ Yale/NNP ]
,/, and/CC 
[ jazz/NN bassist/NN Eddie/NNP Gomez/NNP ]
./. 

[ An/DT improvisational/JJ section/NN ]
was/VBD built/VBN around/IN 
[ pieces/NNS ]
by/IN 
[ Mr./NNP Douglas/NNP ]
,/, 
[ beginning/NN ]
with/IN ``/`` 
[ Golden/JJ Rain/NN ]
,/, ''/'' 
[ a/DT lilting/JJ ]
,/, 
[ laid-back/JJ lead/NN ]
in/IN to/TO 
[ the/DT uptempo/JJ ]
``/`` 
[ Sky/NN ]
,/, ''/'' 
[ which/WDT ]
gave/VBD 
[ Mr./NNP Stoltzman/NNP ]

[ the/DT opportunity/NN ]
to/TO wail/VB in/IN 
[ a/DT high/JJ register/NN ]
and/CC 
[ show/VB ]
off/RP 
[ his/PRP$ fleet/JJ fingers/NNS ]
./. 

[ Bach/NNP 's/POS ]
``/`` 
[ Air/NN ]
''/'' followed/VBD ./. 

[ Mr./NNP Stoltzman/NNP ]
tied/VBD 
[ the/DT composer/NN ]
in/RP by/IN proclaiming/VBG 
[ him/PRP ]
``/`` 
[ the/DT great/JJ improviser/NN ]
of/IN 
[ the/DT 18th/JJ century/NN ]
,/, ''/'' and/CC then/RB built/VBD on/IN 
[ the/DT image/NN ]
by/IN joining/VBG with/IN 
[ Mr./NNP Douglas/NNP ]
in/IN 
[ some/DT Bach/NNP two-part/JJ inventions/NNS ]
,/, cleverly/RB arranged/VBN for/IN 
[ clarinet/NN ]
and/CC 
[ bassoon/NN ]
by/IN 
[ Mr./NNP Douglas/NNP ]
./. 

Keeping/VBG 
[ the/DT mood/NN light/JJ ]
,/, 
[ the/DT two/CD ]
then/RB chanted/VBD and/CC chortled/VBD 
[ their/PRP$ way/NN ]
through/IN 
[ some/DT murderous/JJ polyrhythms/NNS ]
,/, devised/VBN by/IN 
[ Mr./NNP Douglas/NNP ]
as/IN 
[ an/DT alternative/NN ]
to/TO 
[ Hindemith/NNP 's/POS dry/JJ theory-teaching/VBG techniques/NNS ]
,/, and/CC then/RB ,/, with/IN 
[ Mr./NNP Gomez/NNP ]
,/, soared/VBD and/CC improvised/VBD on/IN 
[ the/DT composer/NN 's/POS tight/JJ ]
``/`` 
[ Bebop/NNP Etudes/NNP ]
./. 

''/'' 
======================================

[ The/DT end/NN ]
of/IN 
[ the/DT first/JJ ]

[ half/NN ]
,/, however/RB ,/, brought/VBD 
[ what/WP ]

[ the/DT standing-room-only/JJ crowd/NN ]
seemed/VBD to/TO be/VB waiting/VBG for/IN :/: 
[ the/DT pop/NN singer/NN Judy/NNP Collins/NNP ]
,/, 
[ who/WP ]
appears/VBZ on/IN ``/`` 
[ Inner/JJ Voices/NNS ]
./. 

''/'' 
[ Glamorous/JJ ]
and/CC pure-voiced/JJ as/IN ever/RB ,/, 
[ Ms./NNP Collins/NNP ]
sang/VBD 
[ Joni/NNP Mitchell/NNP 's/POS ]
``/`` For/IN 
[ Free/RB ]
''/'' --/: about/IN 
[ an/DT encounter/NN ]
with/IN 
[ a/DT street-corner/JJ clarinetist/NN ]
,/, to/TO 
[ which/WDT ]

[ Mr./NNP Stoltzman/NNP ]
contributed/VBD 
[ a/DT clarinet/NN obligatto/NN ]
--/: and/CC 
[ Mr./NNP Douglas/NNP 's/POS lush/JJ setting/NN ]
of/IN 
[ a/DT Gaelic/JJ blessing/NN ]
,/, ``/`` 
[ Deep/JJ Peace/NN ]
./. 

''/'' ``/`` 
[ Deep/JJ Peace/NN ]
''/'' also/RB featured/VBD 
[ a/DT slide/NN show/NN ]
of/IN 
[ lovely/JJ ]
but/CC 
[ predictable/JJ images/NNS ]
of/IN 
[ clouds/NNS ]
,/, 
[ beaches/NNS ]
,/, 
[ deserts/NNS ]
,/, 
[ sunsets/NNS ]
,/, 
[ etc/FW ]
./. 

[ It/PRP ]
was/VBD all/RB too/RB mellow/JJ to/TO be/VB believed/VBN ,/, but/CC 
[ they/PRP ]
probably/RB would/MD have/VB gotten/VBN away/RB with/IN 
[ it/PRP ]
,/, had/VBD 
[ they/PRP ]
not/RB felt/VBD compelled/VBN to/TO add/VB 
[ Ms./NNP Collins/NNP 's/POS signature/NN tune/NN ]
,/, ``/`` 
[ Amazing/JJ Grace/NN ]
,/, ''/'' and/CC ask/VB for/IN 
[ audience/NN participation/NN ]
./. 

[ That/WDT ]
went/VBD over/IN 
[ the/DT permissible/JJ line/NN ]
for/IN 
[ warm/JJ ]
and/CC 
[ fuzzy/JJ feelings/NNS ]
./. 

======================================

Was/VBD 
[ this/DT ]
why/WRB 
[ some/DT ]
of/IN 
[ the/DT audience/NN ]
departed/VBD before/IN or/CC during/IN 
[ the/DT second/JJ ]

[ half/NN ]
?/. 

Or/CC was/VBD 
[ it/PRP ]
because/IN 
[ Ms./NNP Collins/NNP ]
had/VBD gone/VBN ?/. 

Either/DT 
[ way/NN ]

[ it/PRP ]
was/VBD 
[ a/DT pity/NN ]
,/, because/IN 
[ Mr./NNP Stolzman/NNP ]
offered/VBD 
[ the/DT most/RBS substantial/JJ music/NN ]
of/IN 
[ the/DT evening/NN ]
just/RB after/IN 
[ intermission/NN ]
:/: 
[ Steve/NNP Reich/NNP 's/POS ]
``/`` 
[ New/NNP York/NNP Counterpoint/NN ]
,/, ''/'' 
[ one/CD ]
of/IN 
[ a/DT series/NN ]
of/IN 
[ Reich/NNP works/NNS ]

[ that/WDT ]
juxtapose/VBP 
[ a/DT live/JJ performer/NN ]
with/IN 
[ recorded/JJ tracks/NNS ]
of/IN 
[ his/PRP$ ]
or/CC 
[ her/PRP$ own/JJ playing/NN ]
./. 

 (/( 
[ Mr./NNP Reich/NNP 's/POS new/JJ ]
``/`` 
[ Different/JJ Trains/NNS ]
''/'' for/IN 
[ string/NN quartet/NN ]
uses/VBZ 
[ the/DT technique/NN ]
magisterially/RB ./. 

 )/) 
======================================

[ Mr./NNP Stoltzman/NNP ]
must/MD have/VB worried/VBN that/IN 
[ his/PRP$ audience/NN ]
might/MD not/RB be/VB able/JJ to/TO take/VB 
[ it/PRP ]
:/: 
[ He/PRP ]
warned/VBD 
[ us/PRP ]
in/IN 
[ advance/NN ]
that/IN ``/`` 
[ New/NNP York/NNP Counterpoint/NN ]
''/'' lasts/VBZ 
[ 11/CD 1\/2/CD minutes/NNS ]
./. 

[ He/PRP ]
also/RB unfortunately/RB illustrated/VBD 
[ this/DT intricate/JJ ]
,/, 
[ jazzy/JJ tapestry/NN ]
with/IN 
[ Mr./NNP Pearson/NNP 's/POS images/NNS ]
,/, 
[ this/DT time/NN ]
of/IN 
[ geometric/JJ ]
or/CC 
[ repeating/JJ objects/NNS ]
,/, in/IN 
[ a/DT kitschy/JJ ]
mirroring/NN of/IN 
[ the/DT musical/JJ structure/NN ]

[ that/WDT ]
was/VBD thoroughly/RB distracting/VBG from/IN 
[ Mr./NNP Reich/NNP 's/POS piece/NN ]
and/CC 
[ Mr./NNP Stoltzman/NNP 's/POS elegant/JJ execution/NN ]
of/IN 
[ it/PRP ]
./. 

[ The/DT rest/NN ]
of/IN 
[ the/DT concert/NN ]
was/VBD 
[ more/JJR straight/JJ jazz/NN ]
and/CC 
[ mellow/JJ sounds/NNS ]
written/VBN by/IN 
[ Charlie/NNP Parker/NNP ]
,/, 
[ Ornette/NNP Coleman/NNP ]
,/, 
[ Bill/NNP Douglas/NNP ]
and/CC 
[ Eddie/NNP Gomez/NNP ]
,/, with/IN 
[ pictures/NNS ]
for/IN 
[ the/DT Douglas/NNP pieces/NNS ]
./. 

[ It/PRP ]
was/VBD enjoyable/JJ to/TO hear/VB 
[ accomplished/JJ jazz/NN ]
without/IN having/VBG to/TO sit/VB in/IN 
[ a/DT smoke-filled/JJ club/NN ]
,/, but/CC like/IN 
[ the/DT first/JJ ]

[ half/NN ]
,/, 
[ much/JJ ]
of/IN 
[ it/PRP ]
was/VBD easy/JJ to/TO take/VB and/CC ultimately/RB forgettable/JJ ./. 

======================================

Is/VBZ 
[ this/DT the/DT future/NN ]
of/IN 
[ chamber/NN music/NN ]
?/. 

[ Managers/NNS ]
and/CC 
[ presenters/NNS ]
insist/VBP that/IN 
[ chamber/NN music/NN concerts/NNS ]
are/VBP 
[ a/DT hard/JJ ]
sell/NN ,/, but/CC can/MD 
[ audiences/NNS ]
really/RB enjoy/VB 
[ them/PRP ]
only/RB if/IN 
[ the/DT music/NN ]
is/VBZ purged/VBN of/IN threatening/JJ 
[ elements/NNS ]
,/, served/VBN up/RB in/IN 
[ bite-sized/JJ morsels/NNS ]
and/CC accompanied/VBN by/IN 
[ visuals/NNS ]
?/. 

[ What/WP ]
's/VBZ next/JJ ?/. 

[ Slides/NNS ]
to/TO illustrate/VB 
[ Shostakovich/NNP quartets/NNS ]
?/. 

[ It/PRP ]
was/VBD not/RB 
[ an/DT unpleasant/JJ evening/NN ]
,/, certainly/RB ,/, 
[ thanks/NNS ]
to/TO 
[ the/DT high/JJ level/NN ]
of/IN 
[ performance/NN ]
,/, 
[ the/DT compositional/JJ talents/NNS ]
of/IN 
[ Mr./NNP Douglas/NNP ]
,/, and/CC 
[ the/DT obvious/JJ sincerity/NN ]
with/IN 
[ which/WDT ]

[ Mr./NNP Stoltzman/NNP ]
chooses/VBZ 
[ his/PRP$ selections/NNS ]
./. 

But/CC 
[ it/PRP ]
was/VBD neither/RB deep/JJ nor/CC 
[ lasting/JJ ]
:/: 
[ light/JJ entertainment/NN ]

[ that/WDT ]
was/VBD 
[ no/DT substitute/NN ]
for/IN 
[ an/DT evening/NN ]
of/IN 
[ Brahms/NNP ]
./. 

======================================

[ Ms./NNP Waleson/NNP ]
is/VBZ 
[ a/DT free-lance/JJ writer/NN ]
based/VBN in/IN 
[ New/NNP York/NNP ]
./. 



======================================

[ One/CD ]
of/IN 
[ Ronald/NNP Reagan/NNP 's/POS attributes/NNS ]
as/IN 
[ President/NNP ]
was/VBD that/IN 
[ he/PRP ]
rarely/RB gave/VBD 
[ his/PRP$ blessing/NN ]
to/TO 
[ the/DT claptrap/NN ]

[ that/WDT ]
passes/VBZ for/IN ``/`` 
[ consensus/NN ]
''/'' in/IN 
[ various/JJ international/JJ institutions/NNS ]
./. 

In/IN 
[ fact/NN ]
,/, 
[ he/PRP ]
liberated/VBD 
[ the/DT U.S./NNP ]
from/IN 
[ one/CD ]
of/IN 
[ the/DT world/NN ]
's/VBZ 
[ most/RBS corrupt/JJ organizations/NNS ]
--/: 
[ UNESCO/NNP ]
./. 

[ This/DT ]
is/VBZ 
[ the/DT U.N./NNP group/NN ]

[ that/WDT ]
managed/VBD to/TO traduce/VB 
[ its/PRP$ own/JJ charter/NN ]
of/IN 
[ promoting/VBG education/NN ]
,/, 
[ science/NN ]
and/CC 
[ culture/NN ]
./. 

Ever/RB since/IN ,/, 
[ the/DT remaining/VBG members/NNS ]
have/VBP been/VBN desperate/JJ for/IN 
[ the/DT United/NNP States/NNPS ]
to/TO rejoin/VB 
[ this/DT dreadful/JJ group/NN ]
./. 

======================================

Now/RB 
[ UNESCO/NNP apologists/NNS ]
are/VBP lobbying/VBG 
[ President/NNP Bush/NNP ]
to/TO renege/VB on/IN 
[ President/NNP Reagan/NNP 's/POS decision/NN ]
to/TO depart/VB ./. 

But/CC 
[ we/PRP ]
can/MD think/VB of/IN 
[ many/JJ reasons/NNS ]
to/TO stay/VB out/RB for/IN 
[ the/DT foreseeable/JJ future/NN ]
and/CC well/RB beyond/IN ./. 

======================================

[ The/DT U.S./NNP ]
,/, along/IN with/IN 
[ Britain/NNP ]
and/CC 
[ Singapore/NNP ]
,/, left/VBD 
[ the/DT agency/NN ]
when/WRB 
[ its/PRP$ anti-Western/JJ ideology/NN ]
,/, 
[ financial/JJ corruption/NN ]
and/CC 
[ top/JJ leadership/NN ]
got/VBD out/IN of/IN 
[ hand/NN ]
./. 

[ The/DT personal/JJ antics/NNS ]
of/IN 
[ agency/NN Director/NNP Amadou-Mahtar/NNP M'Bow/NNP ]
drew/VBD 
[ much/JJ attention/NN ]
,/, such/JJ as/IN when/WRB several/JJ of/IN 
[ his/PRP$ top/JJ aides/NNS ]
were/VBD uncovered/VBN as/IN 
[ KGB/NNP plants/NNS ]
and/CC ejected/VBN from/IN 
[ France/NNP ]
and/CC when/WRB 
[ a/DT mysterious/JJ office/NN fire/NN ]
was/VBD set/VBN just/RB before/IN 
[ Congress/NNP ]
sent/VBD 
[ accountants/NNS ]
to/TO trace/VB 
[ U.S./NNP funds/NNS ]
./. 

======================================

[ Mr./NNP M'Bow/NNP ]
was/VBD 
[ an/DT extreme/JJ case/NN ]
,/, but/CC even/RB 
[ his/PRP$ replacement/NN ]
,/, 
[ the/DT ]
more/RBR personally/RB 
[ genial/JJ Spanish/JJ biochemist/NN Federico/NNP Mayor/NNP ]
,/, has/VBZ had/VBN 
[ little/JJ success/NN ]
at/IN achieving/VBG 
[ reforms/NNS ]
./. 

[ Several/JJ ridiculous/JJ projects/NNS ]
continue/VBP ,/, including/VBG 
[ the/DT ]
``/`` 
[ New/JJ International/JJ Economic/JJ Order/NN ]
,/, ''/'' 
[ which/WDT ]
means/VBZ 
[ redistributionism/NN ]
from/IN 
[ the/DT West/NNP ]
to/TO pay/VB for/IN 
[ everyone/NN ]
else/RB 
[ 's/POS statism/NN ]
./. 

[ The/DT Orwellian/NNP ]
``/`` 
[ New/JJ World/NN Information/NN Order/NN ]
''/'' would/MD give/VB 
[ government/NN officials/NNS rights/NNS ]
against/IN 
[ the/DT press/NN ]
;/: 
[ journalists/NNS ]
would/MD be/VB obliged/VBN to/TO kowtow/VB to/TO 
[ their/PRP$ government/NN ]
,/, 
[ which/WDT ]
would/MD have/VB 
[ licensing/NN ]
and/CC 
[ censorship/NN powers/NNS ]
and/CC ,/, indeed/RB ,/, 
[ duties/NNS ]
to/TO 
[ block/VB printing/NN ]
of/IN ``/`` 
[ wrong/JJ ]
''/'' 
[ ideas/NNS ]
./. 

======================================

[ UNESCO/NNP ]
somehow/RB converted/VBD 
[ the/DT founding/JJ U.N./NNP ideals/NNS ]
of/IN 
[ individual/JJ rights/NNS ]
and/CC 
[ liberty/NN ]
into/IN ``/`` 
[ peoples/NNS '/POS rights/NNS ]
./. 

''/'' 
[ Million-dollar/JJ conferences/NNS ]
were/VBD held/VBN to/TO chew/VB on/IN 
[ subjects/NNS ]
such/JJ as/IN ``/`` 
[ ethical/JJ responsibilities/NNS ]
of/IN 
[ scientists/NNS ]
in/IN 
[ support/NN ]
of/IN 
[ disarmament/NN ]
''/'' and/CC ``/`` 
[ the/DT impact/NN ]
of/IN 
[ the/DT activities/NNS ]
of/IN 
[ transnational/JJ corporations/NNS ]
./. 

''/'' 
======================================

[ The/DT agency/NN ]
was/VBD so/RB totally/RB subverted/VBN from/IN 
[ the/DT high/JJ principles/NNS ]
of/IN 
[ its/PRP$ founding/NN ]
that/IN even/RB 
[ the/DT Soviets/NNPS ]
now/RB wonder/VBP about/IN 
[ an/DT agency/NN ]

[ that/WDT ]
seemed/VBD so/RB congenial/JJ to/TO 
[ them/PRP ]
./. 

[ Glasnost/FW ]
may/MD be/VB partly/RB 
[ responsible/JJ ]
,/, but/CC 
[ Soviet/NNP Foreign/NNP Minister/NNP Eduard/NNP Shevardnadze/NNP last/JJ year/NN ]
admitted/VBD ,/, ``/`` 
[ The/DT exaggerated/JJ ideological/JJ approach/NN ]
undermined/VBD 
[ tolerance/NN ]
intrinsic/JJ to/TO 
[ UNESCO/NNP ]
./. 

''/'' 
======================================

[ UNESCO/NNP ]
is/VBZ now/RB holding/VBG 
[ its/PRP$ biennial/JJ meetings/NNS ]
in/IN 
[ Paris/NNP ]
to/TO devise/VB 
[ its/PRP$ next/JJ projects/NNS ]
./. 

[ Mr./NNP Mayor/NNP 's/POS hope/NN ]
that/IN 
[ references/NNS ]
to/TO ``/`` press/NN 
[ freedom/NN ]
''/'' would/MD survive/VB unamended/JJ seems/VBZ doomed/VBN to/TO 
[ failure/NN ]
;/: 
[ the/DT current/JJ phrasing/NN ]
is/VBZ ``/`` educating/VBG 
[ the/DT public/NN ]
and/CC 
[ media/NNS ]
to/TO avoid/VB 
[ manipulation/NN ]
./. 

''/'' 
[ He/PRP ]
has/VBZ n't/RB been/VBN able/JJ to/TO replace/VB 
[ the/DT M'Bow/NNP cabal/NN ]
./. 

[ Soviets/NNPS ]
remain/VBP in/IN 
[ charge/NN ]
of/IN 
[ education/NN programs/NNS ]
,/, 
[ a/DT former/JJ head/NN ]
of/IN 
[ an/DT African/JJ military/JJ tribunal/NN ]
for/IN 
[ executions/NNS ]
is/VBZ in/IN 
[ charge/NN ]
of/IN 
[ culture/NN ]
,/, and/CC 
[ a/DT hard-line/JJ Polish/JJ communist/NN ]
in/IN 
[ exile/NN ]
directs/VBZ 
[ the/DT human-rights/JJ ]
and/CC 
[ peace/NN division/NN ]
./. 

Of/IN 
[ the/DT agency/NN 's/POS 2,750/CD staff/NN members/NNS ]
,/, 
[ 230/CD ]
are/VBP in/IN 
[ the/DT field/NN ]
working/VBG on/IN 
[ actual/JJ projects/NNS ]
,/, such/JJ as/IN 
[ literacy/NN ]
and/CC 
[ oceanographic/JJ research/NN ]
./. 

======================================

[ The/DT position/NN ]
of/IN 
[ the/DT United/NNP States/NNPS ]
,/, 
[ which/WDT ]
once/RB contributed/VBD 
[ 25/CD %/NN ]
of/IN 
[ the/DT budget/NN ]
,/, is/VBZ that/IN 
[ nothing/NN ]
has/VBZ changed/VBN ./. 

[ John/NNP Bolton/NNP ]
,/, 
[ the/DT assistant/NN secretary/NN ]
of/IN 
[ state/NN ]
for/IN 
[ international/JJ organizations/NNS ]
,/, told/VBD 
[ Congress/NNP ]
that/IN 
[ the/DT ]
continuing/VBG ``/`` 
[ statist/JJ ]
,/, 
[ restrictive/JJ ]
,/, 
[ nondemocratic/JJ ]
''/'' 
[ programs/NNS ]
make/VBP rejoining/VBG 
[ any/DT time/NN ]
soon/RB ``/`` extremely/RB unlikely/JJ ./. 

''/'' 
[ This/DT has/VBZ n't/RB ]
much/RB bothered/VBN 
[ the/DT UNESCO/NNP delegates/NNS ]
,/, 
[ who/WP ]

[ last/JJ week/NN ]
could/MD n't/RB even/RB agree/VB to/TO raise/VB 
[ funds/NNS ]
by/IN selling/VBG off/RP 
[ a/DT fancy/JJ 19th-century/JJ French/JJ chateau/NN ]

[ the/DT agency/NN ]
somehow/RB owns/VBZ ./. 

[ Other/JJ countries/NNS ]
,/, including/VBG 
[ West/NNP Germany/NNP ]
,/, may/MD have/VB 
[ a/DT hard/JJ time/NN ]
justifying/VBG 
[ continued/JJ membership/NN ]
./. 

======================================

[ We/PRP ]
see/VBP 
[ an/DT even/RB stronger/JJR argument/NN ]
against/IN 
[ UNESCO/NNP ]
than/IN 
[ its/PRP$ unsurprising/JJ failure/NN ]
to/TO 
[ reform/NN ]
./. 

[ This/DT ]
is/VBZ that/IN 
[ the/DT Reagan/NNP Revolution/NNP ]
spanning/VBG 
[ Eastern/NNP Europe/NNP ]
and/CC 
[ Tiananmen/NNP Square/NNP ]
shows/VBZ 
[ the/DT power/NN ]
of/IN 
[ ideas/NNS ]
unencumbered/JJ by/IN 
[ international/JJ civil/JJ servants/NNS ]
or/CC 
[ government/NN functionaries/NNS ]
./. 

[ Free/JJ markets/NNS ]
,/, 
[ free/JJ minds/NNS ]
and/CC 
[ free/JJ elections/NNS ]
have/VBP 
[ an/DT appeal/NN ]

[ that/WDT ]
seems/VBZ to/TO get/VB muddled/VBN only/RB when/WRB delivered/VBN through/IN 
[ U.N./NNP organizations/NNS ]
--/: 
[ which/WDT ]
of/IN 
[ course/NN ]
are/VBP made/VBN up/RB largely/RB of/IN 
[ governments/NNS ]

[ that/WDT ]
fear/VBP 
[ these/DT principles/NNS ]
at/IN 
[ home/NN ]
./. 

======================================

[ The/DT Babelists/NNS ]
of/IN 
[ the/DT United/NNP Nations/NNPS ]
are/VBP 
[ experts/NNS ]
at/IN 
[ obfuscation/NN ]
./. 

[ This/DT ]
can/MD have/VB 
[ its/PRP$ purposes/NNS ]
at/IN 
[ times/NNS ]
,/, but/CC 
[ there/EX ]
's/VBZ 
[ no/DT reason/NN ]
to/TO cloud/VB 
[ the/DT importance/NN ]
and/CC 
[ allure/NN ]
of/IN 
[ Western/JJ concepts/NNS ]
of/IN 
[ freedom/NN ]
and/CC 
[ justice/NN ]
./. 

[ We/PRP ]
can/MD see/VB plenty/RB of/IN 
[ reasons/NNS ]
to/TO stay/VB out/RB ,/, and/CC 
[ none/NN ]
to/TO rejoin/VB 
[ UNESCO/NNP ]
./. 



======================================

[ Researchers/NNS ]
at/IN 
[ Plant/NNP Genetic/NNP Systems/NNP N.V./NNP ]
in/IN 
[ Belgium/NNP ]
said/VBD 
[ they/PRP ]
have/VBP developed/VBN 
[ a/DT genetic/JJ engineering/NN technique/NN ]
for/IN creating/VBG 
[ hybrid/JJ plants/NNS ]
for/IN 
[ a/DT number/NN ]
of/IN 
[ key/JJ crops/NNS ]
./. 

======================================

[ The/DT researchers/NNS ]
said/VBD 
[ they/PRP ]
have/VBP isolated/VBN 
[ a/DT plant/NN gene/NN ]

[ that/WDT ]
prevents/VBZ 
[ the/DT production/NN ]
of/IN 
[ pollen/NN ]
./. 

[ The/DT gene/NN ]
thus/RB can/MD prevent/VB 
[ a/DT plant/NN ]
from/IN fertilizing/VBG 
[ itself/PRP ]
./. 

[ Such/JJ so-called/JJ male-sterile/JJ plants/NNS ]
can/MD then/RB be/VB fertilized/VBN by/IN 
[ pollen/NN ]
from/IN 
[ another/DT strain/NN ]
of/IN 
[ the/DT plant/NN ]
,/, thereby/RB producing/VBG 
[ hybrid/JJ seed/NN ]
./. 

[ The/DT new/JJ generation/NN ]
of/IN 
[ plants/NNS ]
will/MD possess/VB 
[ the/DT ]
flourishing/JJ ,/, 
[ high-production/JJ trait/NN ]
known/VBN as/IN ``/`` 
[ hybrid/JJ vigor/NN ]
,/, ''/'' similar/JJ to/TO 
[ that/DT ]
now/RB seen/VBN in/IN 
[ hybrid/JJ corn/NN ]
./. 

======================================

``/`` 
[ The/DT development/NN ]
could/MD have/VB 
[ a/DT dramatic/JJ effect/NN ]
on/IN 
[ farm/NN production/NN ]
,/, especially/RB 
[ cotton/NN ]
,/, ''/'' said/VBD 
[ Murray/NNP Robinson/NNP ]
,/, 
[ president/NN ]
of/IN 
[ Delta/NNP ]
&/CC 
[ Pine/NNP Land/NNP Co./NNP ]
,/, 
[ a/DT Southwide/NNP Inc./NNP subsidiary/NN ]

[ that/WDT ]
is/VBZ 
[ one/CD ]
of/IN 
[ the/DT largest/JJS cotton/NN seed/NN producers/NNS ]
in/IN 
[ the/DT U.S/NNP ]
./. 

======================================

On/IN 
[ a/DT commercial/JJ scale/NN ]
,/, 
[ the/DT sterilization/NN ]
of/IN 
[ the/DT pollen-producing/VBG male/JJ|NN part/NN ]
has/VBZ only/RB been/VBN achieved/VBN in/IN 
[ corn/NN ]
and/CC 
[ sorghum/NN feed/NN grains/NNS ]
./. 

[ That/DT ]
's/VBZ because/IN 
[ the/DT male/NN part/NN ]
,/, 
[ the/DT tassel/NN ]
,/, and/CC 
[ the/DT female/NN ]
,/, 
[ the/DT ear/NN ]
,/, are/VBP 
[ some/DT distance/NN ]
apart/RB on/IN 
[ the/DT corn/NN plant/NN ]
./. 

In/IN 
[ a/DT labor-intensive/JJ process/NN ]
,/, 
[ the/DT seed/NN companies/NNS ]
cut/VBD off/RP 
[ the/DT tassels/NNS ]
of/IN 
[ each/DT plant/NN ]
,/, making/VBG 
[ it/PRP male/JJ sterile/JJ ]
./. 

[ They/PRP ]
sow/VBP 
[ a/DT row/NN ]
of/IN 
[ male-fertile/JJ plants/NNS ]
nearby/RB ,/, 
[ which/WDT ]
then/RB pollinate/VBP 
[ the/DT male-sterile/JJ plants/NNS ]
./. 

[ The/DT first/JJ hybrid/JJ corn/NN seeds/NNS ]
produced/VBN using/VBG 
[ this/DT mechanical/JJ approach/NN ]
were/VBD introduced/VBN in/IN 
[ the/DT 1930s/NNS ]
and/CC 
[ they/PRP ]
yielded/VBD as/RB much/JJ as/IN 
[ 20/CD %/NN more/JJR corn/NN ]
than/IN naturally/RB pollinated/VBN 
[ plants/NNS ]
./. 

[ The/DT vast/JJ majority/NN ]
of/IN 
[ the/DT U.S./NNP corn/NN crop/NN ]
now/RB is/VBZ grown/VBN from/IN 
[ hybrid/JJ seeds/NNS ]
produced/VBN by/IN 
[ seed/NN companies/NNS ]
./. 

======================================

[ A/DT similar/JJ technique/NN ]
is/VBZ almost/RB impossible/JJ to/TO apply/VB to/TO 
[ other/JJ crops/NNS ]
,/, such/JJ as/IN 
[ cotton/NN ]
,/, 
[ soybeans/NNS ]
and/CC 
[ rice/NN ]
./. 

[ The/DT male/JJ part/NN ]
,/, 
[ the/DT anthers/NNS ]
of/IN 
[ the/DT plant/NN ]
,/, and/CC 
[ the/DT female/NN ]
,/, 
[ the/DT pistils/NNS ]
,/, of/IN 
[ the/DT same/JJ plant/NN ]
are/VBP within/IN 
[ a/DT fraction/NN ]
of/IN 
[ an/DT inch/NN ]
or/CC even/RB attached/VBN to/TO 
[ each/DT other/JJ ]
./. 

[ The/DT anthers/NNS ]
in/IN 
[ these/DT plants/NNS ]
are/VBP difficult/JJ to/TO clip/VB off/RP ./. 

In/IN 
[ China/NNP ]
,/, 
[ a/DT great/JJ number/NN ]
of/IN 
[ workers/NNS ]
are/VBP engaged/VBN in/IN pulling/VBG out/RP 
[ the/DT male/JJ organs/NNS ]
of/IN 
[ rice/NN plants/NNS ]
using/VBG 
[ tweezers/NNS ]
,/, and/CC 
[ one-third/NN ]
of/IN 
[ rice/NN ]
produced/VBN in/IN 
[ that/DT country/NN ]
is/VBZ grown/VBN from/IN 
[ hybrid/JJ seeds/NNS ]
./. 

At/IN 
[ Plant/NNP Genetic/NNP Systems/NNPS ]
,/, 
[ researchers/NNS ]
have/VBP isolated/VBN 
[ a/DT pollen-inhibiting/JJ gene/NN ]

[ that/WDT ]
can/MD be/VB inserted/VBN in/IN 
[ a/DT plant/NN ]
to/TO confer/VB 
[ male/JJ sterility/NN ]
./. 

[ Jan/NNP Leemans/NNP ]
,/, 
[ research/NN director/NN ]
,/, said/VBD 
[ this/DT gene/NN ]
was/VBD successfully/RB introduced/VBN in/IN 
[ oil-producing/JJ rapeseed/NN plants/NNS ]
,/, 
[ a/DT major/JJ crop/NN ]
in/IN 
[ Europe/NNP ]
and/CC 
[ Canada/NNP ]
,/, using/VBG as/IN 
[ a/DT carrier/NN ]

[ a/DT ]
``/`` 
[ promoter/NN gene/NN ]
''/'' developed/VBN by/IN 
[ Robert/NNP Goldberg/NNP ]
at/IN 
[ the/DT University/NNP ]
of/IN 
[ California/NNP ]
in/IN 
[ Los/NNP Angeles/NNP ]
./. 

======================================

[ The/DT sterilizing/VBG gene/NN ]
is/VBZ expressed/VBN just/RB before/IN 
[ the/DT pollen/NN ]
is/VBZ about/IN to/TO develop/VB and/CC 
[ it/PRP ]
deactivates/VBZ 
[ the/DT anthers/NNS ]
of/IN 
[ every/DT flower/NN ]
in/IN 
[ the/DT plant/NN ]
./. 

[ Mr./NNP Leemans/NNP ]
said/VBD 
[ this/DT genetic/JJ manipulation/NN ]
does/VBZ n't/RB hurt/VB 
[ the/DT growth/NN ]
of/IN 
[ that/DT plant/NN ]
./. 

======================================

[ The/DT researchers/NNS ]
also/RB pulled/VBD off/RP 
[ a/DT second/JJ genetic/JJ engineering/NN trick/NN ]
in/IN 
[ order/NN ]
to/TO get/VB 
[ male-sterile/JJ plants/NNS ]
in/IN 
[ large/JJ enough/JJ numbers/NNS ]
to/TO produce/VB 
[ a/DT commercial/JJ hybrid/JJ seed/NN crop/NN ]
./. 

[ They/PRP ]
attached/VBD 
[ a/DT second/JJ gene/NN ]
,/, for/IN 
[ herbicide/NN resistance/NN ]
,/, to/TO 
[ the/DT pollen-inhibiting/JJ gene/NN ]
./. 

[ Both/DT ]

[ genes/NNS ]
are/VBP then/RB inserted/VBN into/IN 
[ a/DT few/JJ greenhouse/NN plants/NNS ]
,/, 
[ which/WDT ]
are/VBP then/RB pollinated/VBN and/CC allowed/VBN to/TO mature/VB and/CC produce/VB 
[ seed/NN ]
./. 

======================================

[ The/DT laws/NNS ]
of/IN 
[ heredity/NN ]
dictate/VBP that/IN 
[ half/NN ]
of/IN 
[ the/DT plants/NNS ]
springing/VBG from/IN 
[ these/DT greenhouse-produced/JJ seeds/NNS ]
will/MD be/VB 
[ male/NN sterile/JJ ]
and/CC 
[ herbicide/NN ]
resistant/JJ and/CC 
[ half/NN ]
will/MD be/VB 
[ male/NN fertile/JJ ]
and/CC 
[ herbicide/NN susceptible/JJ ]
./. 

[ The/DT application/NN ]
of/IN 
[ herbicide/NN ]
would/MD kill/VB off/RP 
[ the/DT male-fertile/JJ plants/NNS ]
,/, leaving/VBG 
[ a/DT large/JJ field/NN ]
of/IN 
[ male-sterile/JJ plants/NNS ]

[ that/WDT ]
can/MD be/VB cross-pollinated/VBN to/TO produce/VB 
[ hybrid/NN seed/NN ]
./. 

======================================

[ Mr./NNP Leemans/NNP ]
said/VBD 
[ the/DT hybrid/NN rapeseeds/NNS ]
created/VBN with/IN 
[ this/DT genetic/JJ engineering/NN yield/NN 15/CD %/NN ]
to/TO 
[ 30/CD %/NN more/JJR output/NN ]
than/IN 
[ the/DT commercial/JJ strains/NNS ]
used/VBN currently/RB ./. 

======================================

``/`` 
[ This/DT technique/NN ]
is/VBZ applicable/JJ to/TO 
[ a/DT wide/JJ variety/NN ]
of/IN 
[ crops/NNS ]
,/, ''/'' 
[ he/PRP ]
said/VBD ,/, and/CC added/VBD that/IN 
[ some/DT modifications/NNS ]
may/MD be/VB necessary/JJ to/TO accommodate/VB 
[ the/DT peculiarities/NNS ]
of/IN 
[ each/DT type/NN ]
of/IN 
[ crop/NN ]
./. 

[ He/PRP ]
said/VBD 
[ the/DT company/NN ]
is/VBZ experimenting/VBG with/IN 
[ the/DT technique/NN ]
on/IN 
[ alfalfa/NN ]
,/, and/CC 
[ plans/VBZ ]
to/TO include/VB 
[ cotton/NN ]
and/CC 
[ corn/NN ]
,/, among/IN 
[ other/JJ crops/NNS ]
./. 

[ He/PRP ]
said/VBD that/IN even/RB though/IN virtually/RB 
[ all/DT corn/NN seeds/NNS ]
currently/RB planted/VBN are/VBP 
[ hybrids/NNS ]
,/, 
[ the/DT genetic/JJ approach/NN ]
will/MD obviate/VB 
[ the/DT need/NN ]
for/IN 
[ mechanical/JJ emasculation/NN ]
of/IN 
[ anthers/NNS ]
,/, 
[ which/WDT ]
costs/VBZ 
[ U.S./NNP seed/NN producers/NNS ]
about/IN 
[ $/$ 70/CD million/CD ]
annually/RB ./. 

======================================

In/IN 
[ recent/JJ years/NNS ]
,/, 
[ demand/NN ]
for/IN 
[ hybrid/NN seeds/NNS ]
has/VBZ spurred/VBN 
[ research/NN ]
at/IN 
[ a/DT number/NN ]
of/IN 
[ chemical/NN ]
and/CC 
[ biotechnology/NN companies/NNS ]
,/, including/VBG 
[ Monsanto/NNP Co./NNP ]
,/, 
[ Shell/NNP Oil/NNP Co./NNP ]
and/CC 
[ Eli/NNP Lilly/NNP ]
&/CC 
[ Co/NNP ]
./. 

[ One/CD technique/NN ]
developed/VBN by/IN 
[ some/DT ]
of/IN 
[ these/DT companies/NNS ]
involves/VBZ 
[ a/DT chemical/NN spray/NN ]
supposed/VBD to/TO kill/VB only/RB 
[ a/DT plant/NN 's/POS pollen/NN ]
./. 

But/CC 
[ there/EX ]
have/VBP been/VBN 
[ problems/NNS ]
with/IN 
[ chemical/NN sprays/NNS ]
damaging/VBG 
[ plants/NNS '/POS female/JJ reproductive/JJ organs/NNS ]
and/CC 
[ concern/NN ]
for/IN 
[ the/DT toxicity/NN ]
of/IN 
[ such/JJ chemical/NN ]
sprays/NNS to/TO 
[ humans/NNS ]
,/, 
[ animals/NNS ]
and/CC 
[ beneficial/JJ insects/NNS ]
./. 

======================================

However/RB ,/, 
[ Paul/NNP Johanson/NNP ]
,/, 
[ Monsanto/NNP 's/POS director/NN ]
of/IN 
[ plant/NN sciences/NNS ]
,/, said/VBD 
[ the/DT company/NN 's/POS chemical/NN spray/NN ]
overcomes/VBZ 
[ these/DT problems/NNS ]
and/CC is/VBZ ``/`` 
[ gentle/JJ ]
on/IN 
[ the/DT female/JJ organ/NN ]
./. 

''/'' 
======================================

[ Biosource/NNP Genetics/NNP Corp./NNP ]
,/, 
[ Vacaville/NNP ]
,/, 
[ Calif./NNP ]
,/, is/VBZ developing/VBG 
[ a/DT spray/NN ]
containing/VBG 
[ a/DT gene/NN ]

[ that/WDT ]
spreads/VBZ from/IN 
[ cell/NN ]
to/TO 
[ cell/NN ]
and/CC interferes/VBZ with/IN 
[ the/DT genes/NNS ]

[ that/WDT ]
are/VBP responsible/JJ for/IN 
[ producing/VBG pollen/NN ]
./. 

[ This/DT gene/NN ]
,/, called/VBN ``/`` 
[ gametocide/NN ]
,/, ''/'' is/VBZ carried/VBN into/IN 
[ the/DT plant/NN ]
by/IN 
[ a/DT virus/NN ]

[ that/WDT ]
remains/VBZ active/JJ for/IN 
[ a/DT few/JJ days/NNS ]
./. 

[ Robert/NNP Erwin/NNP ]
,/, 
[ president/NN ]
of/IN 
[ Biosource/NNP ]
,/, called/VBD 
[ Plant/NNP Genetic/NNP 's/POS approach/NN ]
``/`` 
[ interesting/JJ ]
''/'' and/CC ``/`` 
[ novel/JJ ]
,/, ''/'' and/CC ``/`` 
[ complementary/JJ ]
rather/RB than/IN 
[ competitive/JJ ]
./. 

''/'' ``/`` 
[ There/EX ]
is/VBZ 
[ a/DT large/JJ market/NN ]
out/IN there/RB hungry/JJ for/IN 
[ hybrid/JJ seeds/NNS ]
,/, ''/'' 
[ he/PRP ]
said/VBD ./. 

======================================

[ Mr./NNP Robinson/NNP ]
of/IN 
[ Delta/NNP ]
&/CC 
[ Pine/NNP ]
,/, 
[ the/DT seed/NN producer/NN ]
in/IN 
[ Scott/NNP ]
,/, 
[ Miss./NNP ]
,/, said/VBD 
[ Plant/NNP Genetic/NNP 's/POS success/NN ]
in/IN creating/VBG genetically/RB engineered/VBN 
[ male/NN steriles/NNS ]
does/VBZ n't/RB automatically/RB mean/VB 
[ it/PRP ]
would/MD be/VB simple/JJ to/TO create/VB 
[ hybrids/NNS ]
in/IN 
[ all/DT crops/NNS ]
./. 

[ That/DT ]
's/VBZ because/RB 
[ pollination/NN ]
,/, while/IN 
[ easy/JJ ]
in/IN 
[ corn/NN ]
because/IN 
[ the/DT carrier/NN ]
is/VBZ 
[ wind/NN ]
,/, is/VBZ more/RBR complex/JJ and/CC involves/VBZ 
[ insects/NNS ]
as/IN 
[ carriers/NNS ]
in/IN 
[ crops/NNS ]
such/JJ as/IN 
[ cotton/NN ]
./. 

``/`` 
[ It/PRP ]
's/VBZ 
[ one/CD thing/NN ]
to/TO say/VB 
[ you/PRP ]
can/MD sterilize/VB ,/, and/CC 
[ another/DT ]
to/TO then/RB successfully/RB pollinate/VB 
[ the/DT plant/NN ]
,/, ''/'' 
[ he/PRP ]
said/VBD ./. 

Nevertheless/RB ,/, 
[ he/PRP ]
said/VBD ,/, 
[ he/PRP ]
is/VBZ negotiating/VBG with/IN 
[ Plant/NNP Genetic/NNP ]
to/TO acquire/VB 
[ the/DT technology/NN ]
to/TO try/VB breeding/VBG 
[ hybrid/JJ cotton/NN ]
./. 



======================================

[ A/DT bitter/JJ conflict/NN ]
with/IN 
[ global/JJ implications/NNS ]
has/VBZ erupted/VBN between/IN 
[ Nomura/NNP Securities/NNPS Co./NNP ]
and/CC 
[ Industrial/NNP Bank/NNP ]
of/IN 
[ Japan/NNP ]
,/, 
[ two/CD ]
of/IN 
[ the/DT world/NN ]
's/VBZ 
[ most/RBS powerful/JJ financial/JJ companies/NNS ]
./. 

======================================

[ The/DT clash/NN ]
is/VBZ 
[ a/DT sign/NN ]
of/IN 
[ a/DT new/JJ toughness/NN ]
and/CC 
[ divisiveness/NN ]
in/IN 
[ Japan/NNP 's/POS once-cozy/JJ financial/JJ circles/NNS ]
./. 

Not/RB only/RB are/VBP 
[ Japan/NNP 's/POS financial/JJ institutions/NNS ]
putting/VBG 
[ their/PRP$ enormous/JJ clout/NN ]
to/TO work/VB ;/: increasingly/RB 
[ they/PRP ]
're/VBP squaring/VBG off/RB against/IN 
[ one/CD another/DT ]
in/IN 
[ unprecedented/JJ public/JJ fashion/NN ]
./. 

Already/RB ,/, 
[ the/DT consequences/NNS ]
are/VBP being/VBG felt/VBN by/IN 
[ other/JJ players/NNS ]
in/IN 
[ the/DT financial/JJ markets/NNS ]
--/: 
[ even/JJ governments/NNS ]
./. 

======================================

[ What/WP ]
triggered/VBD 
[ the/DT latest/JJS clash/NN ]
was/VBD 
[ a/DT skirmish/NN ]
over/IN 
[ the/DT timing/NN ]
of/IN 
[ a/DT New/NNP Zealand/NNP government/NN bond/NN issue/NN ]
./. 

[ Nomura/NNP ]
was/VBD attempting/VBG to/TO organize/VB 
[ the/DT 50/CD billion-yen/JJ ]
 (/( 
[ $/$ 352/CD million/CD ]
 )/) borrowing/NN in/IN 
[ Japan/NNP ]
at/IN 
[ a/DT time/NN ]
when/WRB 
[ many/JJ Japanese/JJ banks/NNS ]
,/, led/VBN by/IN 
[ Industrial/NNP Bank/NNP ]
of/IN 
[ Japan/NNP ]
,/, were/VBD pressuring/VBG 
[ the/DT Wellington/NNP government/NN ]
to/TO help/VB 
[ them/PRP ]
recover/VB 
[ loans/NNS ]
made/VBN to/TO 
[ a/DT defunct/JJ investment/NN bank/NN ]

[ that/WDT ]
had/VBD been/VBN owned/VBN by/IN 
[ New/NNP Zealand/NNP 's/POS civil-service/JJ pension/NN fund/NN ]
./. 

[ Unwilling/JJ ]
to/TO put/VB up/RP 
[ new/JJ money/NN ]
for/IN 
[ New/NNP Zealand/NNP ]
until/IN 
[ those/DT debts/NNS ]
are/VBP repaid/VBN ,/, 
[ most/JJS banks/NNS ]
refused/VBD even/RB to/TO play/VB 
[ administrative/JJ roles/NNS ]
in/IN 
[ the/DT new/JJ financing/NN ]
,/, forcing/VBG 
[ an/DT embarrassed/JJ Nomura/NNP ]
to/TO postpone/VB 
[ it/PRP ]

[ this/DT week/NN ]
./. 

======================================

[ The/DT dispute/NN ]
shows/VBZ clearly/RB 
[ the/DT global/JJ power/NN ]
of/IN 
[ Japan/NNP 's/POS financial/JJ titans/NNS ]
./. 

Aside/RB from/IN 
[ Nomura/NNP 's/POS injured/JJ pride/NN ]
,/, 
[ the/DT biggest/JJS victim/NN ]
so/RB far/RB has/VBZ been/VBN 
[ the/DT New/NNP Zealand/NNP government/NN ]
./. 

======================================

Barred/VBN by/IN 
[ its/PRP$ budget/NN law/NN ]
from/IN making/VBG 
[ any/DT new/JJ domestic/JJ bond/NN issues/NNS ]
,/, 
[ Wellington/NNP 's/POS Debt/NNP Management/NNP Office/NNP ]
had/VBD been/VBN casting/VBG abroad/RB to/TO raise/VB 
[ the/DT 3/CD billion/CD New/NNP Zealand/NNP dollars/NNS ]
 (/( 
[ US$/$ 1.76/CD billion/CD ]
 )/) to/TO 
[ NZ$/$ 4/CD billion/CD it/PRP ]
needs/VBZ to/TO come/VB up/RB with/IN by/IN 
[ the/DT end/NN ]
of/IN 
[ its/PRP$ fiscal/JJ year/NN ]
next/IN 
[ June/NNP 30/CD ]
./. 

With/IN 
[ Japan/NNP 's/POS cash-flush/JJ banks/NNS ]
aligned/VBN against/IN 
[ it/PRP ]
,/, though/RB ,/, raising/VBG 
[ money/NN ]
may/MD be/VB difficult/JJ ./. 

Not/RB only/RB can/MD 
[ they/PRP ]
block/VB 
[ Wellington/NNP ]
from/IN 
[ raising/VBG money/NN ]
in/IN 
[ Japan/NNP ]
,/, 
[ bankers/NNS ]
here/RB say/VBP ,/, but/CC as/IN 
[ the/DT largest/JJS underwriters/NNS ]
in/IN 
[ the/DT Eurobond/NN market/NN ]
,/, 
[ they/PRP ]
might/MD be/VB able/JJ to/TO scuttle/VB 
[ borrowings/NNS ]
there/RB ,/, too/RB ./. 

======================================

[ New/NNP Zealand/NNP 's/POS finance/NN minister/NN ]
,/, 
[ David/NNP Caygill/NNP ]
,/, lashed/VBD out/RB at/IN 
[ such/JJ suggestions/NNS ]
./. 

[ He/PRP ]
told/VBD 
[ reporters/NNS ]
in/IN 
[ Wellington/NNP Tuesday/NNP ]
that/IN 
[ the/DT government/NN ]
had/VBD n't/RB guaranteed/VBN 
[ the/DT loans/NNS ]
to/TO 
[ DFC/NNP New/NNP Zealand/NNP Ltd./NNP ]
,/, 
[ an/DT investment/NN bank/NN 80%-owned/JJ ]
by/IN 
[ the/DT National/NNP Provident/NNP Fund/NNP ]
,/, and/CC would/MD n't/RB bail/VB 
[ it/PRP ]
out/RP ./. 

======================================

``/`` 
[ It/PRP ]
may/MD very/RB well/RB be/VB 
[ what/WP ]

[ the/DT Japanese/JJ banks/NNS ]
want/VBP ,/, ''/'' 
[ he/PRP ]
told/VBD 
[ Radio/NNP New/NNP Zealand/NNP ]
./. 

``/`` 
[ I/PRP ]
think/VBP 
[ it/PRP ]
would/MD be/VB irresponsible/JJ and/CC 
[ I/PRP ]
am/VBP not/RB about/IN to/TO be/VB blackmailed/VBN by/IN 
[ Japanese/JJ banks/NNS ]
or/CC 
[ any/DT other/JJ international/JJ interests/NNS ]
./. 

''/'' 
======================================

[ No/DT ]
less/RBR significant/JJ than/IN 
[ the/DT Japanese/JJ banks/NNS '/POS attempt/NN ]
to/TO cut/VB off/RP 
[ funds/NNS ]
to/TO pressure/VB 
[ a/DT foreign/JJ government/NN ]
are/VBP 
[ the/DT implications/NNS ]
of/IN 
[ a/DT confrontation/NN ]
between/IN 
[ Japan/NNP securities/NNS ]
and/CC 
[ banking/VBG industries/NNS ]
./. 

[ Anxiety/NN ]
is/VBZ rising/VBG over/IN 
[ recent/JJ government/NN proposals/NNS ]
to/TO eventually/RB lower/VB 
[ the/DT strict/JJ barriers/NNS ]

[ that/WDT ]
now/RB separate/VBP --/: and/CC protect/VBP --/: 
[ the/DT two/CD industries/NNS ]
from/IN 
[ each/DT other/JJ ]
./. 

======================================

[ Both/DT ]

[ sides/NNS ]
are/VBP jealously/RB guarding/VBG 
[ their/PRP$ turf/NN ]
,/, and/CC 
[ relations/NNS ]
have/VBP been/VBN at/IN 
[ a/DT flashpoint/NN ]
for/IN 
[ months/NNS ]
./. 

[ The/DT banks/NNS ]
badly/RB want/VBP to/TO break/VB into/IN 
[ all/DT aspects/NNS ]
of/IN 
[ the/DT securities/NNS business/NN ]
./. 

Meanwhile/RB ,/, 
[ the/DT securities/NNS companies/NNS ]
--/: most/JJS of/IN 
[ them/PRP ]
smaller/JJR than/IN 
[ the/DT banks/NNS ]
--/: are/VBP seeking/VBG 
[ access/NN ]
only/RB to/TO 
[ limited/JJ kinds/NNS ]
of/IN 
[ banking/NN ]

[ that/WDT ]
would/MD n't/RB open/VB 
[ them/PRP ]
to/TO 
[ the/DT full/JJ brunt/NN ]
of/IN 
[ competition/NN ]
from/IN 
[ the/DT banks/NNS ]
./. 

======================================

[ Nomura/NNP ]
,/, 
[ the/DT world/NN 's/POS biggest/JJS securities/NNS company/NN ]
largely/RB by/IN 
[ virtue/NN ]
of/IN 
[ its/PRP$ protected/JJ home/NN field/NN ]
,/, and/CC 
[ Industrial/NNP Bank/NNP ]
of/IN 
[ Japan/NNP ]
,/, 
[ Japan/NNP 's/POS most/RBS innovative/JJ ]
and/CC 
[ aggressive/JJ bank/NN ]
in/IN 
[ capital/NN markets/NNS ]
abroad/RB ,/, captain/VBP 
[ the/DT opposing/VBG sides/NNS ]
./. 

And/CC 
[ their/PRP$ suspicions/NNS ]
of/IN 
[ each/DT other/JJ run/VBP ]
deep/RB ./. 

======================================

In/IN 
[ the/DT past/JJ year/NN ]
,/, 
[ both/DT ]
have/VBP tried/VBN to/TO stretch/VB 
[ the/DT limits/NNS ]
of/IN 
[ their/PRP$ businesses/NNS ]
./. 

[ Nomura/NNP ]
started/VBD 
[ a/DT credit-card/NN venture/NN ]
with/IN 
[ American/NNP Express/NNP Co./NNP ]

[ that/WDT ]
allowed/VBD 
[ cardholders/NNS ]
to/TO use/VB 
[ their/PRP$ Nomura/NNP securities/NNS ]
accounts/NNS like/IN 
[ a/DT bank/NN account/NN ]
,/, attracting/VBG 
[ the/DT wrath/NN ]
of/IN 
[ banks/NNS ]
./. 

And/CC 
[ Industrial/NNP Bank/NNP ]
of/IN 
[ Japan/NNP ]
started/VBD up/RP 
[ a/DT London/NNP securities/NNS subsidiary/NN ]

[ that/WDT ]
sells/VBZ 
[ Japanese/JJ stocks/NNS ]
to/TO 
[ non-Japanese/JJ institutions/NNS ]
overseas/RB ,/, 
[ a/DT move/NN ]

[ that/WDT ]
stirred/VBD 
[ the/DT anger/NN ]
of/IN 
[ the/DT stock/NN brokerage/NN firms/NNS ]
./. 

[ The/DT New/NNP Zealand/NNP bond/NN issue/NN ]
simply/RB has/VBZ brought/VBN 
[ the/DT two/CD institutions/NNS ]
face-to-face/RB
./.



======================================

[ ITEL/NNP CORP./NNP ]
reported/VBD 
[ third-quarter/JJ earnings/NNS ]
,/, 
[ which/WDT ]
were/VBD mistakenly/RB shown/VBN in/IN 
[ the/DT Quarterly/JJ Earnings/NNS Surprises/NNS table/NN ]
in/IN 
[ yesterday/NN 's/POS edition/NN ]
to/TO be/VB lower/JJR than/IN 
[ the/DT average/NN ]
of/IN 
[ analysts/NNS '/POS estimates/NNS ]
./. 

On/IN 
[ a/DT pretax/JJ basis/NN ]
,/, 
[ Itel/NNP 's/POS third-quarter/JJ earnings/NNS ]
of/IN 
[ 30/CD cents/NNS ]

[ a/DT share/NN ]
were/VBD actually/RB 
[ 7.14/CD %/NN ]
higher/JJR than/IN 
[ the/DT average/NN ]
of/IN 
[ estimates/NNS ]
./. 

======================================

 (/( See/VB :/: ``/`` 
[ Quarterly/JJ Earnings/NNS Surprises/NNS ]
''/'' --/: 
[ WSJ/NNP Oct./NNP 31/CD ]
,/, 
[ 1989/CD ]

)/) 
======================================




======================================

[ Raymond/NNP E./NNP Ross/NNP ]
,/, 
[ 53/CD years/NNS ]
old/JJ ,/, formerly/RB 
[ group/NN vice/NN president/NN ]
,/, 
[ U.S./NNP plastics/NNS machinery/NN ]
,/, at/IN 
[ this/DT machine/NN tool/NN ]
,/, 
[ plastics/NNS machinery/NN ]
and/CC 
[ robots/NNS concern/NN ]
,/, was/VBD named/VBN 
[ senior/JJ vice/NN president/NN ]
,/, 
[ industrial/JJ systems/NNS ]
,/, succeeding/VBG 
[ David/NNP A./NN Entrekin/NNP ]
,/, 
[ who/WP ]
resigned/VBD 
[ Monday/NNP ]
./. 



======================================

[ John/NNP A./NN Conlon/NNP Jr./NNP ]
,/, 
[ 45/CD ]
,/, was/VBD named/VBN 
[ a/DT managing/VBG director/NN ]
at/IN 
[ this/DT investment-banking/JJ company/NN ]
./. 

[ He/PRP ]
will/MD be/VB in/IN 
[ charge/NN ]
of/IN 
[ research/NN ]
,/, 
[ equity/NN sales/NNS ]
and/CC trading/NN ,/, and/CC 
[ the/DT syndicate/NN operation/NN ]
of/IN 
[ Rothschild/NNP ]
./. 

[ Mr./NNP Conlon/NNP ]
was/VBD 
[ executive/NN vice/NN president/NN ]
and/CC 
[ director/NN ]
of/IN 
[ the/DT equity/NN division/NN ]
of/IN 
[ the/DT international/JJ division/NN ]
of/IN 
[ Nikko/NNP Securities/NNPS Co/NNP ]
./. 



======================================

As/IN 
[ Yogi/NNP Berra/NNP ]
might/MD say/VB ,/, 
[ it/PRP ]
's/VBZ deja/NN 
[ vu/NN ]

[ all/RB ]
over/RB again/RB ./. 

======================================

Crouched/VBN at/IN 
[ shortstop/NN ]
,/, 
[ Bert/NNP Campaneris/NNP ]
,/, once/RB 
[ Oakland/NNP 's/POS master/NN thief/NN ]
,/, effortlessly/RB 
[ scoops/VBZ ]
up/RP 
[ a/DT groundball/NN ]
and/CC flips/VBZ 
[ it/PRP ]
to/TO 
[ second/JJ ]
./. 

In/IN 
[ the/DT outfield/NN ]
,/, 
[ Paul/NNP Blair/NNP ]
,/, 
[ the/DT Orioles/NNP '/POS eight-time/JJ Gold/NNP Glove/NNP winner/NN ]
,/, elegantly/RB shags/VBZ 
[ a/DT fly/NN ]
./. 

On/IN 
[ the/DT mound/NN ]
,/, 
[ former/JJ Red/NNP Sox/NNP great/JJ Luis/NNP Tiant/NNP ]
,/, 
[ the/DT wily/JJ master/NN ]
of/IN 
[ 1,001/CD moves/NNS ]
,/, throws/VBZ 
[ an/DT off-speed/JJ strike/NN ]
./. 

======================================

``/`` 
[ Babies/NNS ]
,/, 
[ kiddies/NNS ]
,/, ''/'' growls/VBZ 
[ their/PRP$ manager/NN ]
--/: 
[ a/DT fellow/NN ]
named/VBN 
[ Earl/NNP Weaver/NNP ]
,/, 
[ who/WP ]
,/, in/IN 
[ a/DT different/JJ time/NN ]
,/, handled/VBD 
[ four/CD World/NNP Series/NNP teams/NNS ]
and/CC now/RB handles/VBZ 
[ the/DT Gold/NNP Coast/NNP Suns/NNPS ]
./. 

``/`` 
[ Old-time/JJ kiddies/NNS ]
,/, ''/'' 
[ he/PRP ]
says/VBZ ./. 

======================================

Perhaps/RB ./. 

But/CC for/IN 
[ the/DT next/JJ few/JJ months/NNS ]
,/, 
[ these/DT boys/NNS ]
of/IN 
[ summers/NNS long/JJ past/NN ]
are/VBP going/VBG to/TO be/VB reveling/VBG in/IN 
[ an/DT Indian/JJ summer/NN ]
of/IN 
[ the/DT soul/NN ]
./. 

Now/RB that/IN 
[ the/DT baseball/NN season/NN ]
is/VBZ officially/RB over/RP ,/, 
[ you/PRP ]
see/VBP ,/, 
[ it/PRP ]
's/VBZ 
[ time/NN ]
for/IN 
[ a/DT new/JJ season/NN ]
to/TO begin/VB ./. 

======================================

[ Today/NN ]
is/VBZ 
[ the/DT debut/NN ]
of/IN 
[ the/DT Senior/NNP Professional/NNP Baseball/NNP Association/NNP ]
,/, 
[ a/DT new/JJ eight-team/JJ ]
pro/JJ 
[ sports/NNS circuit/NN ]
,/, modeled/VBN after/IN 
[ the/DT ]
highly/RB 
[ successful/JJ senior/JJ tennis/NN ]
and/CC 
[ golf/NN tours/NNS ]
and/CC 
[ complete/JJ ]
with/IN 
[ good/JJ salaries/NNS ]
,/, 
[ a/DT cable/NN television/NN contract/NN ]
and/CC even/RB 
[ expansion/NN plans/NNS ]
./. 

[ One/CD hundred/CD ]
and/CC 
[ ninety/CD two/CD former/JJ greats/NNS ]
,/, near/JJ 
[ greats/NNS ]
,/, hardly/RB 
[ knowns/NNS ]
and/CC 
[ unknowns/NNS ]
begin/VBP 
[ a/DT 72-game/JJ ]
,/, 
[ three-month/JJ season/NN ]
in/IN 
[ spring-training/NN stadiums/NNS ]
up/RB and/CC down/RB 
[ Florida/NNP ]
./. 

For/IN 
[ everyone/NN ]
involved/VBN ,/, 
[ it/PRP ]
's/VBZ 
[ one/CD ]

[ more/JJR swig/NN ]
of/IN 
[ that/DT elixir/NN ]
of/IN 
[ youth/NN ]
,/, 
[ baseball/NN ]
./. 

======================================

``/`` 
[ Someone/NN ]
always/RB makes/VBZ 
[ you/PRP ]
quit/VB ,/, ''/'' says/VBZ 
[ legendary/JJ St./NNP Louis/NNP Cardinals/NNPS ]
centerfielder/NN 
[ Curt/NNP Flood/NNP ]
,/, 
[ the/DT league/NN 's/POS commissioner/NN ]
./. 

``/`` 
[ You/PRP ]
feel/VBP 
[ you/PRP ]
want/VBP 
[ one/CD ]
more/JJR --/: 
[ one/NN ]
more/JJR at-bat/NN ,/, 
[ one/CD more/JJR ]
hit/NN ,/, 
[ one/CD ]

[ more/JJR game/NN ]
./. 

''/'' 
======================================

Until/IN 
[ the/DT baby-faced/JJ heroes/NNS ]
of/IN 
[ today/NN ]
reclaim/VBP 
[ these/DT ballparks/NNS ]
for/IN 
[ spring/NN training/NN ]
,/, 
[ there/EX ]
is/VBZ 
[ one/CD ]
more/JJR ./. 

======================================

And/CC not/RB just/RB for/IN 
[ the/DT players/NNS ]
./. 

[ It/PRP ]

[ 's/VBZ ]

[ one/CD ]
more/JJR for/IN 
[ the/DT baseball-loving/JJ lawyers/NNS ]
,/, 
[ accountants/NNS ]
and/CC 
[ real/JJ estate/NN developers/NNS ]

[ who/WP ]
ponied/VBD up/RP about/IN 
[ $/$ 1/CD million/CD each/DT ]
for/IN 
[ the/DT chance/NN ]
to/TO be/VB 
[ an/DT owner/NN ]
,/, to/TO step/VB into/IN 
[ the/DT shoes/NNS ]
of/IN 
[ a/DT Gene/NNP Autry/NNP ]
or/CC have/VB 
[ a/DT beer/NN ]
with/IN 
[ Rollie/NNP Fingers/NNP ]
./. 

======================================

``/`` 
[ Nothing/NN ]
can/MD be/VB better/JJR than/IN 
[ this/DT ]
,/, ''/'' says/VBZ 
[ Don/NNP Sider/NNP ]
,/, 
[ owner/NN ]
of/IN 
[ the/DT West/NNP Palm/NNP Beach/NNP Tropics/NNPS ]
./. 

Early/RB in/IN 
[ the/DT morning/NN Mr./NNP Sider/NNP ]
,/, 
[ an/DT estate/NN lawyer/NN ]
,/, 
[ pores/VBZ ]
over/IN 
[ last/JJ wills/NNS ]
and/CC 
[ testaments/NNS ]
./. 

[ Midmorning/NN ]
,/, 
[ he/PRP ]
dons/VBZ 
[ an/DT orange-and-blue/JJ uniform/NN ]
and/CC ,/, for/IN 
[ fun/NN ]
,/, may/MD field/VB 
[ a/DT bunt/NN ]
from/IN 
[ Dave/NNP Kingman/NNP ]
./. 

======================================

[ It/PRP ]

[ 's/VBZ ]

[ one/CD ]
more/JJR ,/, too/RB ,/, for/IN 
[ the/DT fans/NNS ]

[ who/WP ]
dream/VBP of/IN 
[ a/DT season/NN ]

[ that/WDT ]
never/RB ends/VBZ ./. 

``/`` 
[ I/PRP ]
feel/VBP like/IN 
[ a/DT little/JJ kid/NN ]
,/, ''/'' says/VBZ 
[ a/DT gleeful/JJ Alex/NNP ]
de/FW 
[ Castro/NNP ]
,/, 
[ a/DT car/NN salesman/NN ]
,/, 
[ who/WP ]
has/VBZ stopped/VBN by/IN 
[ a/DT workout/NN ]
of/IN 
[ the/DT Suns/NNPS ]
to/TO slip/VB 
[ six/CD Campaneris/NNP cards/NNS ]
to/TO 
[ the/DT Great/JJ Man/NN ]

[ Himself/PRP ]
to/TO be/VB autographed/VBN ./. 

[ The/DT league/NN 's/POS promoters/NNS ]
hope/VBP 
[ retirees/NNS ]
and/CC 
[ tourists/NNS ]
will/MD join/VB 
[ die-hard/JJ fans/NNS ]
like/IN 
[ Mr./NNP ]
de/FW 
[ Castro/NNP ]
and/CC pack/VB 
[ the/DT stands/NNS ]
to/TO see/VB 
[ the/DT seniors/NNS ]
./. 

======================================

[ The/DT league/NN ]
is/VBZ 
[ the/DT brainchild/NN ]
of/IN 
[ Colorado/NNP real/JJ estate/NN developer/NN James/NNP Morley/NNP ]
--/: once/RB 
[ a/DT minor-leaguer/NN ]

[ himself/PRP ]
--/: 
[ who/WP ]
says/VBZ 
[ he/PRP ]
had/VBD 
[ the/DT idea/NN last/JJ January/NNP ]
while/IN lying/VBG on/IN 
[ a/DT beach/NN ]
in/IN 
[ Australia/NNP ]
./. 

When/WRB 
[ he/PRP ]
sent/VBD 
[ letters/NNS ]
offering/VBG 
[ 1,250/CD ]
retired/JJ 
[ major/JJ leaguers/NNS ]

[ the/DT chance/NN ]
of/IN 
[ another/DT season/NN ]
,/, 
[ 730/CD ]
responded/VBD ./. 

Eventually/RB ,/, about/IN 
[ 250/CD ]
made/VBD 
[ the/DT trip/NN ]
to/TO 
[ Florida/NNP ]
to/TO compete/VB for/IN 
[ the/DT available/JJ slots/NNS ]
./. 

 (/( 
[ Players/NNS ]
have/VBP to/TO be/VB 
[ 35/CD ]
or/CC 
[ older/JJR ]
,/, except/IN for/IN 
[ catchers/NNS ]
,/, 
[ who/WP ]
are/VBP eligible/JJ at/IN 
[ 32/CD ]
because/IN 
[ life/NN ]
behind/IN 
[ the/DT plate/NN ]
is/VBZ so/RB rough/JJ ./. 

 )/) 
======================================

For/IN 
[ some/DT players/NNS ]
,/, 
[ the/DT lure/NN ]
is/VBZ 
[ money/NN ]
--/: up/RB to/TO 
[ $/$ 15,000/CD ]

[ a/DT month/NN ]
./. 

[ Others/NNS ]
,/, just/RB released/VBN from/IN 
[ the/DT majors/NNS ]
,/, hope/VBP 
[ the/DT senior/JJ league/NN ]
will/MD be/VB 
[ their/PRP$ bridge/NN ]
back/RB into/IN 
[ the/DT big-time/JJ ]
./. 

======================================

But/CC as/IN 
[ they/PRP ]
hurl/VBP 
[ fireballs/NNS ]

[ that/WDT ]
smolder/VBP rather/RB than/IN 
[ burn/VBP ]
,/, and/CC relive/VBP 
[ old/JJ duels/NNS ]
in/IN 
[ the/DT sun/NN ]
,/, 
[ it/PRP ]
's/VBZ clear/JJ that/IN most/JJS are/VBP there/RB to/TO make/VB 
[ their/PRP$ fans/NNS ]
cheer/VB again/RB or/CC recapture/VB 
[ the/DT camaraderie/NN ]
of/IN 
[ seasons/NNS ]
past/JJ or/CC prove/VB to/TO 
[ themselves/PRP ]
and/CC 
[ their/PRP$ colleagues/NNS ]
that/IN 
[ they/PRP ]
still/RB have/VBP 
[ it/PRP ]
--/: or/CC 
[ something/NN ]
close/RB to/TO 
[ it/PRP ]
./. 

======================================

``/`` 
[ My/PRP$ fastball/NN ]
is/VBZ good/JJ ./. 

[ Real/RB good/JJ ]
,/, ''/'' says/VBZ 
[ 39-year-old/JJ Pete/NNP Broberg/NNP ]
,/, working/VBG in/IN 
[ the/DT midday/NN heat/NN ]
of/IN 
[ the/DT Tropics/NNPS camp/NN ]
./. 

[ Mr./NNP Broberg/NNP ]
,/, 
[ who/WP ]
started/VBD with/IN 
[ the/DT now-defunct/JJ Washington/NNP Senators/NNPS ]
,/, says/VBZ that/IN when/WRB 
[ he/PRP ]
left/VBD 
[ baseball/NN ]
in/IN 
[ 1978/CD ]
,/, 
[ he/PRP ]
``/`` never/RB looked/VBD back/RB ./. 

''/'' For/IN 
[ a/DT long/JJ time/NN ]
,/, 
[ he/PRP ]
ignored/VBD 
[ baseball/NN ]
altogether/RB ,/, even/RB 
[ the/DT sports/NNS pages/NNS ]
./. 

======================================

Now/RB 
[ Mr./NNP Broberg/NNP ]
,/, 
[ a/DT lawyer/NN ]
,/, claims/VBZ 
[ he/PRP ]
'd/MD play/VB for/IN free/RB ./. 

``/`` 
[ You/PRP ]
ca/MD n't/RB give/VB 
[ it/PRP ]
up/RP that/IN easily/RB ,/, ''/'' 
[ he/PRP ]
says/VBZ ./. 

``/`` 
[ I/PRP ]
tried/VBD ./. 

''/'' 
======================================

[ The/DT nagging/JJ memory/NN ]
of/IN 
[ one/CD afternoon/NN fourteen/CD years/NNS ]
ago/RB drove/VBD 
[ Jim/NNP Gideon/NNP ]
,/, 
[ a/DT lean/JJ 36-year-old/JJ righthander/NN ]
to/TO take/VB 
[ a/DT four-month/JJ leave/NN ]
from/IN 
[ selling/VBG insurance/NN ]
in/IN 
[ Texas/NNP ]
to/TO try/VB out/RB for/IN 
[ Mr./NNP Weaver/NNP 's/POS team/NN ]
./. 

======================================

``/`` 
[ It/PRP ]
does/VBZ n't/RB replace/VB pitching/VBG in/IN 
[ the/DT majors/NNS ]
,/, but/CC 
[ it/PRP ]
proves/VBZ to/TO 
[ me/PRP ]
that/IN 
[ I/PRP ]
would/MD have/VB been/VBN able/JJ to/TO play/VB if/IN 
[ I/PRP ]
'd/MD stayed/VBN 
[ healthy/JJ ]
,/, ''/'' 
[ he/PRP ]
says/VBZ ./. 

Back/RB in/IN 
[ 1975/CD ]
,/, late/RB in/IN 
[ the/DT season/NN ]
,/, 
[ a/DT then-21/JJ Mr./NNP Gideon/NNP ]
made/VBD 
[ his/PRP$ only/JJ major/JJ league/NN appearance/NN ]
,/, 
[ five/CD ]
and/CC 
[ two-thirds/NNS innings/NN ]
for/IN 
[ the/DT Texas/NNP Rangers/NNPS ]
against/IN 
[ the/DT Chicago/NNP White/NNP Sox/NNPS ]
./. 

[ He/PRP ]
gave/VBD up/RP 
[ seven/CD hits/NNS ]
,/, walked/VBD 
[ five/CD ]
and/CC did/VBD n't/RB get/VB 
[ a/DT decision/NN ]
./. 

[ Arm/NN troubles/NNS ]
forced/VBD 
[ him/PRP ]
back/RB to/TO 
[ the/DT minors/NNS ]

[ the/DT next/JJ year/NN ]
./. 

======================================

``/`` 
[ There/EX ]
's/VBZ 
[ a/DT satisfaction/NN ]
in/IN going/VBG against/IN 
[ the/DT rules/NNS ]
,/, ''/'' offers/VBZ Will/NNP 
[ McEnaney/NNP ]
,/, once/RB 
[ a/DT stopper/NN ]
with/IN 
[ Cincinnati/NNP 's/POS Big/JJ Red/JJ Machine/NN ]
./. 

[ He/PRP ]
means/VBZ 
[ the/DT rule/NN ]
that/IN 
[ a/DT player/NN ]
ca/MD n't/RB cut/VB 
[ it/PRP ]
after/IN 
[ a/DT certain/JJ age/NN ]
./. 

======================================

[ These/DT days/NNS ]

[ he/PRP ]
hustles/VBZ to/TO 
[ house-painting/JJ jobs/NNS ]
in/IN 
[ his/PRP$ Chevy/NNP pickup/NN ]
before/IN and/CC after/IN training/NN with/IN 
[ the/DT Tropics/NNPS ]
./. 

While/IN sipping/VBG 
[ a/DT beer/NN ]
after/IN 
[ practice/NN ]
,/, 
[ he/PRP ]
vividly/RB recounts/VBZ getting/VBG 
[ the/DT Red/NNP Sox/NNPS 's/POS Carl/NNP Yastrzemski/NNP ]
to/TO pop/VB out/RB to/TO end/VB 
[ the/DT 1975/CD World/NNP Series/NNP ]
,/, and/CC repeating/VBG 
[ the/DT feat/NN ]
against/IN 
[ the/DT Yankees/NNPS '/POS Roy/NNP White/NNP ]
in/IN 
[ 1976/CD ]
./. 

======================================

[ Some/DT ]
of/IN 
[ the/DT game/NN 's/POS reigning/VBG philosophers/NNS ]
dislike/VBP 
[ the/DT idea/NN ]
of/IN 
[ middle-aged/JJ men/NNS ]
attempting/VBG 
[ a/DT young/JJ man/NN 's/POS sport/NN ]
./. 

======================================

``/`` 
[ I/PRP ]
personally/RB do/VBP n't/RB enjoy/VB seeing/VBG 
[ players/NNS ]

[ who/WP ]

[ I/PRP ]
remember/VBP vividly/RB from/IN 
[ their/PRP$ playing/JJ days/NNS ]
running/VBG about/RB and/CC 
[ being/VBG gallant/JJ ]
about/IN 
[ their/PRP$ deficiencies/NNS ]
,/, ''/'' says/VBZ 
[ Roger/NNP Angell/NNP ]
,/, 
[ New/NNP Yorker/NNP magazine/NN 's/POS resident/JJ baseball/NN sage/NN ]
./. 

``/`` 
[ I/PRP ]
feel/VBP 
[ people/NNS ]
should/MD be/VB allowed/VBN to/TO remember/VB 
[ players/NNS ]
as/IN 
[ they/PRP ]
were/VBD ./. 

''/'' 
======================================

[ Worse/JJR ]
,/, says/VBZ 
[ baseball/NN author/NN Lawrence/NNP Ritter/NNP ]
,/, ``/`` 
[ Someone/NN ]
will/MD get/VB 
[ a/DT heart/NN attack/NN ]
and/CC 
[ that/DT ]
will/MD be/VB 
[ the/DT end/NN ]
of/IN 
[ the/DT whole/JJ story/NN ]
./. 

''/'' 
======================================

But/CC 
[ the/DT ballplayers/NNS ]
disagree/VBP ./. 

Most/JJS are/VBP trim/JJ ./. 

[ Some/DT ]
have/VBP been/VBN training/VBG for/IN 
[ months/NNS ]
;/: 
[ others/NNS ]
only/RB recently/RB left/VBD 
[ active/JJ status/NN ]
./. 

 (/( 
[ No/DT one/NN ]
has/VBZ worked/VBN out/RP 
[ the/DT players/NNS '/POS average/NN age/NN ]
,/, but/CC most/JJS appear/VB to/TO be/VB in/IN 
[ their/PRP$ late/JJ 30s/NNS ]
./. 

 )/) And/CC 
[ there/EX ]
's/VBZ 
[ pride/NN ]
./. 

``/`` 
[ I/PRP ]
'm/VBP not/RB going/VBG to/TO look/VB 
[ stupid/JJ ]
,/, ''/'' vows/VBZ 
[ former/JJ Pittsburgh/NNP Pirate/NNP second/JJ baseman/NN Rennie/NNP Stennett/NNP ]
,/, 
[ sweat/NN ]
dotting/VBG 
[ his/PRP$ brow/NN ]
as/IN 
[ he/PRP ]
prepares/VBZ for/IN 
[ some/DT practice/NN swings/NNS ]
./. 

======================================

``/`` 
[ It/PRP ]
's/VBZ going/VBG to/TO be/VB 
[ a/DT tough/JJ league/NN ]
,/, ''/'' promises/VBZ 
[ the/DT 47-year-old/JJ Mr./NNP Campaneris/NNP ]
./. 

``/`` 
[ There/EX ]
will/MD be/VB 
[ a/DT lot/NN ]
of/IN 
[ malice/NN ]
./. 

''/'' 
[ Men/NNS ]

[ who/WP ]
have/VBP played/VBN hard/RB 
[ all/DT their/PRP$ lives/NNS ]
are/VBP n't/RB about/IN to/TO change/VB 
[ their/PRP$ habits/NNS ]
,/, 
[ he/PRP ]
says/VBZ ./. 

======================================

Nonetheless/RB ,/, 
[ one/PRP ]
ca/MD n't/RB help/VB 
[ wonder/VB ]
whether/IN 
[ the/DT game/NN ]
will/MD be/VB just/RB 
[ a/DT little/JJ bit/NN ]
slower/JJR ./. 

======================================

At/IN 
[ the/DT weatherbeaten/JJ Pompano/NNP Beach/NNP municipal/JJ stadium/NN ]
,/, 
[ Mr./NNP Blair/NNP ]
,/, 
[ the/DT 45-year-old/JJ former/JJ Oriole/NNP ]
,/, knows/VBZ 
[ his/PRP$ power/NN ]
is/VBZ n't/RB 
[ what/WP ]

[ it/PRP ]
used/VBD to/TO be/VB ./. 

So/RB 
[ he/PRP ]
adjusts/VBZ ./. 

[ He/PRP ]
no/RB longer/RBR crowds/VBZ 
[ the/DT plate/NN ]
./. 

[ He/PRP ]
's/VBZ not/RB thinking/VBG about/IN 
[ home/NN runs/NNS ]
anymore/RB ,/, just/RB 
[ base/NN hits/NNS ]
./. 

Still/RB ,/, ``/`` how/WRB 
[ sweet/JJ ]

[ it/PRP ]
is/VBZ ,/, ''/'' 
[ he/PRP ]
says/VBZ ,/, savoring/VBG 
[ the/DT fat/JJ sound/NN ]
of/IN 
[ the/DT well-hit/JJ line/NN drive/NN ]
that/IN 
[ bounces/VBZ ]
off/RB|IN 
[ the/DT center/JJ field/NN wall/NN ]
./. 

======================================

And/CC do/VBP n't/RB expect/VB 
[ many/JJ complete/JJ games/NNS ]
by/IN 
[ pitchers/NNS ]
--/: perhaps/RB 
[ three/CD ]
out/IN of/IN 
[ 288/CD ]
,/, laughs/VBZ 
[ Mr./NNP Fingers/NNP ]
,/, 
[ the/DT former/JJ Oakland/NNP reliever/NN ]
./. 

Expect/VB ``/`` 
[ tricky/JJ ]
''/'' 
[ stuff/NN ]
from/IN 
[ pitchers/NNS ]
,/, says/VBZ 
[ Mr./NNP Weaver/NNP ]
,/, 
[ the/DT manager/NN ]
./. 

Expect/VB 
[ brushbacks/NNS ]
but/CC 
[ no/DT beanballs/NNS ]
,/, says/VBZ 
[ Mr./NNP McEnaney/NNP ]
./. 

Even/RB expect/VB stolen/VBN 
[ bases/NNS ]
,/, says/VBZ 
[ the/DT wiry/JJ ]
and/CC 
[ fit/JJ Mr./NNP Campaneris/NNP ]
:/: ``/`` If/IN 
[ you/PRP ]
know/VBP how/WRB to/TO slide/VB ,/, 
[ it/PRP ]
's/VBZ 
[ no/DT problem/NN ]
,/, ''/'' 
[ he/PRP ]
says/VBZ ./. 

======================================

And/CC expect/VB 
[ slower/JJR fastballs/NNS ]
./. 

``/`` 
[ I/PRP ]
'm/VBP not/RB so/RB young/JJ anymore/RB ,/, ''/'' concedes/VBZ 
[ the/DT cigar-chomping/JJ ]
,/, 
[ 48-year-old/JJ Mr./NNP Tiant/NNP ]
./. 

``/`` 
[ I/PRP ]
wo/MD n't/RB be/VB throwing/VBG 
[ 90/CD mph/NN ]
,/, but/CC 
[ I/PRP ]
will/MD throw/VB 
[ 80-plus/JJ ]
,/, ''/'' 
[ he/PRP ]
says/VBZ ./. 

======================================

[ White-haired/JJ Pedro/NNP Ramos/NNP ]
,/, at/IN 
[ 54/CD ]

[ the/DT league/NN 's/POS oldest/JJS player/NN ]
and/CC 
[ a/DT pitcher-coach/NN ]
with/IN 
[ the/DT Suns/NNPS ]
,/, has/VBZ lost/VBN even/RB 
[ more/JJR speed/NN ]
./. 

Stuffing/VBG 
[ a/DT wad/NN ]
of/IN 
[ Red/NNP Man/NN ]
into/IN 
[ his/PRP$ cheek/NN ]
,/, 
[ he/PRP ]
admits/VBZ 
[ the/DT fastball/NN ]

[ he/PRP ]
brought/VBD into/IN 
[ the/DT majors/NNS ]
in/IN 
[ 1955/CD ]
has/VBZ become/VBN 
[ a/DT slowball/NN ]
./. 

[ Its/PRP$ maximum/JJ velocity/NN ]
is/VBZ 
[ 72/CD mph/NN ]
./. 

But/CC 
[ he/PRP ]
is/VBZ n't/RB worried/JJ ./. 

[ He/PRP ]
will/MD compensate/VB with/IN 
[ the/DT guile/NN ]
learned/VBN from/IN 
[ his/PRP$ years/NNS ]
in/IN 
[ the/DT majors/NNS ]
./. 

[ He/PRP ]
has/VBZ 
[ good/JJ control/NN ]
./. 

[ He/PRP ]
will/MD keep/VB 
[ the/DT ball/NN ]
down/RP ,/, move/VB 
[ it/PRP ]
around/RB ./. 

======================================

After/IN 
[ all/DT ]
,/, 
[ he/PRP ]
says/VBZ ,/, ``/`` Even/RB to/TO make/VB 
[ love/VB ]
,/, 
[ you/PRP ]
need/VBP experience/VB ./. 

''/''
======================================



======================================

[ Alltel/NNP Corp./NNP ]
said/VBD 
[ it/PRP ]
will/MD acquire/VB 
[ the/DT 55/CD %/NN ]
of/IN 
[ Pond/NNP Branch/NNP Telephone/NNP Company/NNP Inc./NNP 's/POS cellular/JJ franchise/NN ]
that/IN 
[ it/PRP ]
does/VBZ n't/RB own/VB already/RB ./. 

[ Terms/NNS ]
were/VBD n't/RB disclosed/VBN ./. 

======================================

[ Alltel/NNP ]
holds/VBZ 
[ 45/CD %/NN ]
of/IN 
[ the/DT franchise/NN ]
,/, 
[ which/WDT ]
has/VBZ 
[ operations/NNS ]
in/IN 
[ Aiken/NNP ]
,/, 
[ S.C./NNP ]
,/, and/CC 
[ Augusta/NNP ]
,/, 
[ Ga/NNP ]
./. 

[ Alltel/NNP ]
,/, 
[ which/WDT ]
provides/VBZ 
[ local/JJ telephone/NN service/NN ]
in/IN 
[ 25/CD states/NNS ]
,/, said/VBD 
[ it/PRP ]
exercised/VBD 
[ its/PRP$ right/NN ]
of/IN 
[ first/JJ refusal/NN ]
following/VBG 
[ an/DT offer/NN ]
from/IN 
[ an/DT undisclosed/JJ third/JJ party/NN ]
to/TO acquire/VB 
[ the/DT majority/NN position/NN ]
in/IN 
[ the/DT franchise/NN ]
./. 



======================================

[ Stewart/NNP ]
&/SYM 
[ Stevenson/NNP Services/NNPS Inc./NNP ]
said/VBD 
[ it/PRP ]
received/VBD 
[ two/CD contracts/NNS ]
totaling/VBG 
[ $/$ 19/CD million/CD ]
to/TO build/VB 
[ gas-turbine/JJ generators/NNS ]
./. 

[ The/DT separate/JJ contracts/NNS ]
were/VBD from/IN 
[ Paragould/NNP Light/NNP ]
&/CC 
[ Water/NNP Commission/NNP ]
,/, 
[ a/DT utility/NN ]
in/IN 
[ Paragould/NNP ]
,/, 
[ Ark./NNP ]
,/, and/CC 
[ PSE/NNP Inc./NNP ]
,/, 
[ a/DT cogeneration-plant/NN operator/NN ]
in/IN 
[ Houston/NNP ]
./. 

======================================

[ Stewart/NNP ]
&/CC 
[ Stevenson/NNP ]
makes/VBZ 
[ equipment/NN ]
powered/VBN with/IN 
[ diesel/NN ]
and/CC 
[ gas/NN turbines/NNS ]
./. 



======================================

[ Liberty/NNP National/NNP Bancorp/NNP ]
said/VBD 
[ its/PRP$ acquisition/NN ]
of/IN 
[ Florence/NNP Deposit/NNP Bank/NNP ]
,/, 
[ Florence/NNP ]
,/, 
[ Ky./NNP ]
,/, first/RB announced/VBN in/IN 
[ April/NNP ]
,/, has/VBZ been/VBN completed/VBN in/IN 
[ a/DT transaction/NN ]
valued/VBN at/IN 
[ $/$ 13.1/CD million/CD ]
./. 

======================================

[ Liberty/NNP National/NNP ]
exchanged/VBD about/IN 
[ 78.64/CD shares/NNS ]
of/IN 
[ its/PRP$ common/JJ stock/NN ]
for/IN 
[ each/DT ]
of/IN 
[ Florence/NNP Deposit/NNP 's/POS 5,600/CD shares/NNS ]
outstanding/JJ ./. 

======================================

[ Liberty/NNP National/NNP ]
,/, 
[ a/DT bank/NN holding/VBG company/NN ]
,/, has/VBZ 
[ assets/NNS ]
exceeding/VBG 
[ $/$ 3/CD billion/CD ]
./. 



======================================

[ Hani/NNP Zayadi/NNP ]
was/VBD appointed/VBN 
[ president/NN ]
and/CC 
[ chief/JJ executive/NN officer/NN ]
of/IN 
[ this/DT ]
financially/RB troubled/JJ 
[ department/NN store/NN chain/NN ]
,/, 
[ effective/JJ Nov./NNP 15/CD ]
,/, succeeding/VBG 
[ Frank/NNP Robertson/NNP ]
,/, 
[ who/WP ]
is/VBZ retiring/VBG early/RB ./. 

[ Mr./NNP Zayadi/NNP ]
was/VBD previously/RB 
[ president/NN ]
and/CC 
[ chief/JJ operating/VBG officer/NN ]
of/IN 
[ Zellers/NNP Inc./NNP ]
,/, 
[ a/DT retail/JJ chain/NN ]

[ that/WDT ]
is/VBZ owned/VBN by/IN 
[ Toronto-based/JJ Hudson/NNP 's/POS Bay/NNP Co./NNP ]
,/, 
[ Canada/NNP 's/POS largest/JJS department/NN store/NN operator/NN ]
./. 



======================================

[ Tuesday/NNP ]
,/, 
[ October/NNP 31/CD ]
,/, 
[ 1989/CD ]

======================================

[ The/DT key/JJ U.S./NNP ]
and/CC 
[ foreign/JJ annual/JJ interest/NN rates/NNS ]
below/RB are/VBP 
[ a/DT guide/NN ]
to/TO 
[ general/JJ levels/NNS ]
but/CC do/VBP n't/RB always/RB represent/VB 
[ actual/JJ transactions/NNS ]
./. 

======================================

[ PRIME/JJ RATE/NN ]
:/: 
[ 10/CD 1\/2/CD %/NN ]
./. 

[ The/DT base/JJ rate/NN ]
on/IN 
[ corporate/JJ loans/NNS ]
at/IN 
[ large/JJ U.S./NNP money/NN center/NN commercial/JJ banks/NNS ]
./. 

======================================

[ FEDERAL/JJ FUNDS/NNS ]
:/: 
[ 9/CD %/NN high/JJ ]
,/, 
[ 8/CD 13\/16/CD %/NN low/JJ ]
,/, 
[ 8/CD 7\/8/CD %/NN ]
near/IN 
[ closing/NN bid/NN ]
,/, 
[ 8/CD 15\/16/CD %/NN ]
offered/VBN ./. 

[ Reserves/NNS ]
traded/VBD among/IN 
[ commercial/JJ banks/NNS ]
for/IN 
[ overnight/JJ use/NN ]
in/IN 
[ amounts/NNS ]
of/IN 
[ $/$ 1/CD million/CD ]
or/CC 
[ more/JJR ]
./. 

[ Source/NN ]
:/: 
[ Fulton/NNP Prebon/NNP ]
 (/( 
[ U.S.A/NNP ]
./. 

 )/) 
[ Inc/NNP ]
./. 

======================================

[ DISCOUNT/NN RATE/NN ]
:/: 
[ 7/CD %/NN ]
./. 

[ The/DT charge/NN ]
on/IN 
[ loans/NNS ]
to/TO 
[ depository/NN institutions/NNS ]
by/IN 
[ the/DT New/NNP York/NNP Federal/NNP Reserve/NNP Bank/NNP ]
./. 

======================================

[ CALL/JJ MONEY/NN ]
:/: 
[ 9/CD 3\/4/CD %/NN ]
to/TO 
[ 10/CD %/NN ]
./. 

[ The/DT charge/NN ]
on/IN 
[ loans/NNS ]
to/TO 
[ brokers/NNS ]
on/IN 
[ stock/NN exchange/NN collateral/NN ]
./. 

======================================

[ COMMERCIAL/JJ PAPER/NN ]
placed/VBN directly/RB by/IN 
[ General/NNP Motors/NNPS Acceptance/NNP Corp./NNP ]
:/: 
[ 8.55/CD %/NN 30/CD ]
to/TO 
[ 44/CD days/NNS ]
;/: 
[ 8.25/CD %/NN 45/CD ]
to/TO 
[ 59/CD days/NNS ]
;/: 
[ 8.40/CD %/NN 60/CD ]
to/TO 
[ 89/CD days/NNS ]
;/: 
[ 8/CD %/NN 90/CD ]
to/TO 
[ 119/CD days/NNS ]
;/: 
[ 7.90/CD %/NN 120/CD ]
to/TO 
[ 149/CD days/NNS ]
;/: 
[ 7.80/CD %/NN 150/CD ]
to/TO 
[ 179/CD days/NNS ]
;/: 
[ 7.55/CD %/NN 180/CD ]
to/TO 
[ 270/CD days/NNS ]
./. 

======================================

[ COMMERCIAL/JJ PAPER/NN ]
:/: 
[ High-grade/JJ unsecured/JJ notes/NNS ]
sold/VBN through/IN 
[ dealers/NNS ]
by/IN 
[ major/JJ corporations/NNS ]
in/IN 
[ multiples/NNS ]
of/IN 
[ $/$ 1,000/CD ]
:/: 
[ 8.62/CD %/NN 30/CD days/NNS ]
;/: 
[ 8.55/CD %/NN 60/CD days/NNS ]
;/: 
[ 8.45/CD %/NN 90/CD days/NNS ]
./. 

======================================

[ CERTIFICATES/NNS ]
OF/IN 
[ DEPOSIT/NN ]
:/: 
[ 8.09/CD %/NN one/CD month/NN ]
;/: 
[ 8.04/CD %/NN two/CD months/NNS ]
;/: 
[ 8.03/CD %/NN three/CD months/NNS ]
;/: 
[ 7.96/CD %/NN six/CD months/NNS ]
;/: 
[ 7.92/CD %/NN one/CD year/NN ]
./. 

[ Average/JJ ]
of/IN 
[ top/JJ rates/NNS ]
paid/VBN by/IN 
[ major/JJ New/NNP York/NNP banks/NNS ]
on/IN 
[ primary/JJ new/JJ issues/NNS ]
of/IN 
[ negotiable/JJ C.D.s/NNPS ]
,/, usually/RB on/IN 
[ amounts/NNS ]
of/IN 
[ $/$ 1/CD million/CD ]
and/CC 
[ more/JJR ]
./. 

[ The/DT minimum/JJ unit/NN ]
is/VBZ 
[ $/$ 100,000/CD ]
./. 

[ Typical/JJ rates/NNS ]
in/IN 
[ the/DT secondary/JJ market/NN ]
:/: 
[ 8.53/CD %/NN one/CD month/NN ]
;/: 
[ 8.50/CD %/NN three/CD months/NNS ]
;/: 
[ 8.30/CD %/NN six/CD months/NNS ]
./. 

======================================

[ BANKERS/NNS ACCEPTANCES/NNS ]
:/: 
[ 8.49/CD %/NN 30/CD days/NNS ]
;/: 
[ 8.44/CD %/NN 60/CD days/NNS ]
;/: 
[ 8.27/CD %/NN 90/CD days/NNS ]
;/: 
[ 8.12/CD %/NN 120/CD days/NNS ]
;/: 
[ 8.05/CD %/NN 150/CD days/NNS ]
;/: 
[ 7.98/CD %/NN 180/CD days/NNS ]
./. 

[ Negotiable/JJ ]
,/, 
[ bank-backed/JJ business/NN credit/NN instruments/NNS ]
typically/RB financing/VBG 
[ an/DT import/NN order/NN ]
./. 

======================================

[ LONDON/NNP ]
LATE/JJ 
[ EURODOLLARS/NNS ]
:/: 
[ 8/CD 3\/4/CD %/NN ]
to/TO 
[ 8/CD 5\/8/CD %/NN one/CD month/NN ]
;/: 
[ 8/CD 3\/4/CD %/NN ]
to/TO 
[ 8/CD 5\/8/CD %/NN two/CD months/NNS ]
;/: 
[ 8/CD 11\/16/CD %/NN ]
to/TO 
[ 8/CD 9\/16/CD %/NN three/CD months/NNS ]
;/: 
[ 8/CD 9\/16/CD %/NN ]
to/TO 
[ 8/CD 7\/16/CD %/NN four/CD months/NNS ]
;/: 
[ 8/CD 1\/2/CD %/NN ]
to/TO 
[ 8/CD 3\/8/CD %/NN five/CD months/NNS ]
;/: 
[ 8/CD 7\/16/CD %/NN ]
to/TO 
[ 8/CD 5\/16/CD %/NN six/CD months/NNS ]
./. 

======================================

[ LONDON/NNP INTERBANK/NNP OFFERED/NNP RATES/NNPS ]
 (/( 
[ LIBOR/NNP ]
 )/) :/: 
[ 8/CD 3\/4/CD %/NN one/CD month/NN ]
;/: 
[ 8/CD 11\/16/CD %/NN three/CD months/NNS ]
;/: 
[ 8/CD 7\/16/CD %/NN six/CD months/NNS ]
;/: 
[ 8/CD 7\/16/CD %/NN one/CD year/NN ]
./. 

[ The/DT average/NN ]
of/IN 
[ interbank/NN ]
offered/JJ 
[ rates/NNS ]
for/IN 
[ dollar/NN deposits/NNS ]
in/IN 
[ the/DT London/NNP market/NN ]
based/VBN on/IN 
[ quotations/NNS ]
at/IN 
[ five/CD major/JJ banks/NNS ]
./. 

======================================

[ FOREIGN/JJ PRIME/JJ RATES/NNS ]
:/: 
[ Canada/NNP 13.50/CD %/NN ]
;/: 
[ Germany/NNP 9/CD %/NN ]
;/: 
[ Japan/NNP 4.875/CD %/NN ]
;/: 
[ Switzerland/NNP 8.50/CD %/NN ]
;/: 
[ Britain/NNP 15/CD %/NN ]
./. 

[ These/DT rate/NN indications/NNS ]
are/VBP n't/RB directly/RB 
[ comparable/JJ ]
;/: lending/JJ 
[ practices/NNS ]
vary/VBP widely/RB by/IN 
[ location/NN ]
./. 

======================================

[ TREASURY/NN BILLS/NNS ]
:/: 
[ Results/NNS ]
of/IN 
[ the/DT Monday/NNP ]
,/, 
[ October/NNP 30/CD ]
,/, 
[ 1989/CD ]
,/, 
[ auction/NN ]
of/IN 
[ short-term/JJ U.S./NNP government/NN bills/NNS ]
,/, sold/VBN at/IN 
[ a/DT discount/NN ]
from/IN 
[ face/JJ value/NN ]
in/IN 
[ units/NNS ]
of/IN 
[ $/$ 10,000/CD ]
to/TO 
[ $/$ 1/CD million/CD ]
:/: 
[ 7.78/CD %/NN 13/CD weeks/NNS ]
;/: 
[ 7.62/CD %/NN 26/CD weeks/NNS ]
./. 

======================================

[ FEDERAL/NNP HOME/NNP LOAN/NNP MORTGAGE/NNP CORP/NNP ]
./. 

 (/( 
[ Freddie/NNP Mac/NNP ]
 )/) :/: Posted/VBN 
[ yields/NNS ]
on/IN 
[ 30-year/JJ mortgage/NN commitments/NNS ]
for/IN 
[ delivery/NN ]
within/IN 
[ 30/CD days/NNS ./. 9.78/CD %/NN ]
,/, 
[ standard/JJ conventional/JJ fixed-rate/JJ mortgages/NNS ]
;/: 
[ 7.875/CD %/NN ]
,/, 
[ 2/CD %/NN rate/NN ]
capped/VBD 
[ one-year/JJ adjustable/JJ rate/NN mortgages/NNS ]
./. 

[ Source/NN ]
:/: 
[ Telerate/NNP Systems/NNPS Inc/NNP ]
./. 

======================================

[ FEDERAL/NNP NATIONAL/NNP MORTGAGE/NNP ASSOCIATION/NNP ]
 (/( 
[ Fannie/NNP Mae/NNP ]
 )/) :/: Posted/VBN 
[ yields/NNS ]
on/IN 
[ 30/CD year/NN mortgage/NN commitments/NNS ]
for/IN 
[ delivery/NN ]
within/IN 
[ 30/CD days/NNS ]
 (/( priced/VBN at/IN 
[ par/JJ ]
 )/) 
[ 9.75/CD %/NN ]
,/, 
[ standard/JJ conventional/JJ fixed-rate/JJ mortgages/NNS ]
;/: 
[ 8.75/CD %/NN ]
,/, 
[ 6\/2/CD rate/NN ]
capped/VBD 
[ one-year/JJ adjustable/JJ rate/NN mortgages/NNS ]
./. 

[ Source/NN ]
:/: 
[ Telerate/NNP Systems/NNPS Inc/NNP  ]
./. 

======================================

[ MERRILL/NNP LYNCH/NNP READY/NNP ASSETS/NNPS TRUST/NNP ]
:/: 
[ 8.63/CD %/NN ]
./. 

Annualized/VBN 
[ average/JJ rate/NN ]
of/IN 
[ return/NN ]
after/IN 
[ expenses/NNS ]
for/IN 
[ the/DT past/JJ 30/CD days/NNS ]
;/: not/RB 
[ a/DT forecast/NN ]
of/IN 
[ future/JJ returns/NNS ]
./. 



======================================

[ Canada/NNP 's/POS gross/JJ domestic/JJ product/NN ]
rose/VBD 
[ an/DT inflation-adjusted/JJ 0.3/CD %/NN ]
in/IN 
[ August/NNP ]
,/, mainly/RB as/IN 
[ a/DT result/NN ]
of/IN 
[ service-industry/NN growth/NN ]
,/, 
[ Statistics/NNPS Canada/NNP ]
,/, 
[ a/DT federal/JJ agency/NN ]
,/, said/VBD ./. 

======================================

[ The/DT August/NNP GDP/NNP ]
was/VBD up/RB 
[ 2.4/CD %/NN ]
from/IN 
[ its/PRP$ year-earlier/JJ level/NN ]
./. 

[ GDP/NNP ]
is/VBZ 
[ the/DT total/JJ value/NN ]
of/IN 
[ a/DT nation/NN 's/POS output/NN ]
of/IN 
[ goods/NNS ]
and/CC 
[ services/NNS ]
./. 

======================================

[ Statistics/NNPS Canada/NNP ]
said/VBD 
[ service-industry/NN output/NN ]
in/IN 
[ August/NNP ]
rose/VBD 
[ 0.4/CD %/NN ]
from/IN 
[ July/NNP ]
./. 

[ Output/NN ]
of/IN 
[ goods-producing/JJ industries/NNS ]
increased/VBD 
[ 0.1/CD %/NN ]
./. 

======================================

[ Separately/RB ]
,/, 
[ Statistics/NNPS Canada/NNP ]
reported/VBD 
[ that/DT its/PRP$ industrial-product/NN price/NN index/NN ]
dropped/VBD 
[ 0.2/CD %/NN ]
in/IN 
[ September/NNP ]
,/, 
[ its/PRP$ third/JJ consecutive/JJ monthly/JJ decline/NN ]
./. 

[ It/PRP ]
also/RB reported/VBD 
[ a/DT 2.6/CD %/NN decline/NN ]
in/IN 
[ its/PRP$ raw-materials/NNS price/NN index/NN ]
for/IN 
[ September/NNP ]
./. 



======================================

[ Columbia/NNP Pictures/NNPS Entertainment/NNP Inc./NNP ]
was/VBD dropped/VBN ,/, 
[ effective/JJ today/NN ]
,/, from/IN 
[ the/DT recreational/JJ products/NNS ]
and/CC 
[ services/NNS industry/NN group/NN ]
of/IN 
[ the/DT Dow/NNP Jones/NNP Equity/NNP Market/NNP Index/NNP ]
./. 

[ Columbia/NNP Pictures/NNPS ]
is/VBZ being/VBG acquired/VBN by/IN 
[ Sony/NNP Corp./NNP ]
,/, 
[ which/WDT ]
is/VBZ based/VBN in/IN 
[ Japan/NNP ]
./. 



======================================

[ People/NNPS 's/POS Savings/NNPS Financial/NNP Corp./NNP ]
said/VBD 
[ it/PRP ]
will/MD buy/VB back/RB as/RB much/JJ as/IN 
[ 10/CD %/NN ]
of/IN 
[ its/PRP$ 2.4/CD million/CD shares/NNS ]
outstanding/JJ because/IN 
[ the/DT stock/NN ]
is/VBZ undervalued/VBN ./. 

======================================

[ The/DT holding/VBG company/NN ]
said/VBD 
[ it/PRP ]
has/VBZ been/VBN ``/`` unfairly/RB associated/VBN ''/'' with/IN 
[ other/JJ banks/NNS ]
in/IN 
[ New/NNP England/NNP ]

[ that/WDT ]
have/VBP had/VBN 
[ major/JJ loan/NN losses/NNS ]
in/IN 
[ recent/JJ quarters/NNS ]
./. 

[ The/DT company/NN ]
said/VBD 
[ its/PRP$ People/NNPS 's/POS Savings/NNPS Bank/NNP unit/NN ]
does/VBZ n't/RB have/VB 
[ a/DT ]
``/`` 
[ large/JJ exposure/NN ]
to/TO 
[ construction/NN ]
and/CC 
[ commercial/JJ loans/NNS ]

[ that/WDT ]
have/VBP caused/VBN 
[ the/DT loan-loss/JJ problems/NNS ]
in/IN 
[ many/JJ ]
of/IN 
[ the/DT banks/NNS ]
./. 

''/''
======================================



======================================

[ A/DT seat/NN ]
on/IN 
[ the/DT Chicago/NNP Mercantile/NNP Exchange/NNP ]
was/VBD sold/VBN for/IN 
[ $/$ 410,000/CD ]
,/, down/RB 
[ $/$ 6,000/CD ]
from/IN 
[ the/DT previous/JJ sale/NN Oct/NNP ]
./. 

======================================

[ Seats/NNS ]
currently/RB are/VBP quoted/VBN at/IN 
[ $/$ 400,000/CD bid/NN ]
,/, 
[ $/$ 425,000/CD ]
asked/VBN ./. 

[ The/DT record/NN price/NN ]
for/IN 
[ a/DT full/JJ membership/NN ]
on/IN 
[ the/DT exchange/NN ]
is/VBZ 
[ $/$ 550,000/CD ]
,/, set/VBN 
[ March/NNP 9/CD ]
./. 



======================================

In/IN 
[ a/DT surprise/NN move/NN ]
,/, 
[ the/DT British/JJ government/NN ]
cleared/VBD 
[ the/DT way/NN ]
for/IN 
[ a/DT bidding/JJ war/NN ]
for/IN 
[ Jaguar/NNP PLC/NNP ]
by/IN agreeing/VBG to/TO remove/VB 
[ an/DT obstacle/NN ]
to/TO 
[ a/DT takeover/NN ]
of/IN 
[ the/DT auto/NN maker/NN ]
./. 

======================================

[ Trade/NNP ]
and/CC 
[ Industry/NNP Secretary/NNP Nicholas/NNP Ridley/NNP ]
told/VBD 
[ the/DT House/NNP ]
of/IN 
[ Commons/NNPS yesterday/NN ]
that/IN 
[ he/PRP ]
will/MD relinquish/VB 
[ the/DT government/NN 's/POS so-called/JJ golden/JJ share/NN ]
in/IN 
[ the/DT company/NN ]
as/RB long/RB as/IN 
[ Jaguar/NNP shareholders/NNS ]
agree/VBP ./. 

[ The/DT golden/JJ share/NN ]
restricts/VBZ 
[ any/DT individual/JJ holding/NN ]
to/TO 
[ 15/CD %/NN ]
and/CC expires/VBZ at/IN 
[ the/DT end/NN ]
of/IN 
[ 1990/CD ]
./. 

[ It/PRP ]
was/VBD in/IN 
[ Jaguar/NNP 's/POS best/JJS interests/NNS ]
``/`` for/IN 
[ the/DT company/NN 's/POS future/NN ]
to/TO be/VB assured/VBN and/CC 
[ the/DT present/JJ climate/NN ]
of/IN 
[ uncertainty/NN ]
resolved/VBN as/RB quickly/RB as/IN 
[ possible/JJ ]
,/, ''/'' 
[ Mr./NNP Ridley/NNP ]
said/VBD ./. 

======================================

[ Mr./NNP Ridley/NNP 's/POS decision/NN ]
fires/VBZ 
[ the/DT starting/JJ pistol/NN ]
for/IN perhaps/RB 
[ a/DT costly/JJ contest/NN ]
between/IN 
[ the/DT world/NN 's/POS auto/NN giants/NNS ]
for/IN 
[ Britain/NNP 's/POS leading/JJ luxury-car/NN maker/NN ]
./. 

[ Both/DT General/NNP Motors/NNPS Corp./NNP ]
and/CC 
[ Ford/NNP Motor/NNP Co./NNP ]
have/VBP been/VBN trying/VBG to/TO amass/VB 
[ 15/CD %/JJ stakes/NNS ]
in/IN 
[ Jaguar/NNP ]
./. 

[ Ford/NNP ]
,/, 
[ which/WDT ]
already/RB has/VBZ 
[ an/DT unwelcome/JJ 13.2/CD %/NN holding/NN ]
,/, is/VBZ prepared/JJ to/TO bid/VB for/IN 
[ the/DT entire/JJ company/NN ]
and/CC had/VBD lobbied/VBN 
[ the/DT government/NN ]
to/TO lift/VB 
[ the/DT takeover/NN restrictions/NNS ]
early/RB ./. 

[ GM/NNP ]
has/VBZ been/VBN negotiating/VBG 
[ a/DT friendly/JJ transaction/NN ]
with/IN 
[ Jaguar/NNP ]

[ that/WDT ]
likely/RB would/MD involve/VB 
[ joint/JJ ventures/NNS ]
and/CC 
[ an/DT eventual/JJ stake/NN ]
of/IN just/RB under/IN 
[ 30/CD %/NN ]
./. 

======================================

But/CC 
[ the/DT government/NN 's/POS action/NN ]
,/, 
[ which/WDT ]
caught/VBD 
[ Jaguar/NNP management/NN flat-footed/RB ]
,/, may/MD scuttle/VB 
[ the/DT GM/NNP minority/NN deal/NN ]
by/IN forcing/VBG 
[ it/PRP ]
to/TO fight/VB for/IN 
[ all/DT ]
of/IN 
[ Jaguar/NNP ]
./. 

``/`` 
[ I/PRP ]
ca/MD n't/RB believe/VB 
[ they/PRP ]
 (/( 
[ GM/NNP ]
 )/) will/MD let/VB 
[ Ford/NNP ]
have/VB 
[ a/DT free/JJ ]
run/NN ,/, ''/'' said/VBD 
[ Stephen/NNP Reitman/NNP ]
,/, 
[ a/DT European/JJ auto/NN industry/NN analyst/NN ]
at/IN 
[ UBS-Phillips/NNP ]
&/CC 
[ Drew/NNP ]
./. 

``/`` 
[ I/PRP ]
am/VBP sure/JJ 
[ they/PRP ]
will/MD be/VB going/VBG for/IN 
[ a/DT full/JJ bid/NN ]
./. 

''/'' 
======================================

[ Many/JJ investors/NNS ]
certainly/RB believe/VBP 
[ a/DT bidding/JJ war/NN ]
is/VBZ imminent/JJ ./. 

[ Jaguar/NNP shares/NNS ]
skyrocketed/VBD yesterday/NN after/IN 
[ Mr./NNP Ridley/NNP 's/POS announcement/NN ]
,/, following/VBG 
[ their/PRP$ temporary/JJ suspension/NN ]
on/IN 
[ London/NNP 's/POS Stock/NNP Exchange/NNP ]
./. 

In/IN 
[ late/JJ ]
trading/NN ,/, 
[ the/DT shares/NNS ]
were/VBD up/RB 
[ a/DT whopping/JJ 122/CD pence/NN ]
 (/( 
[ $/$ 1.93/CD ]
 )/) --/: 
[ a/DT 16.3/CD %/NN gain/NN ]
--/: to/TO 
[ a/DT record/NN 869/CD pence/NN ]
on/IN 
[ very/RB heavy/JJ volume/NN ]
of/IN 
[ 9.7/CD million/CD shares/NNS ]
./. 

In/IN 
[ the/DT U.S./NNP over-the-counter/JJ market/NN ]
,/, 
[ Jaguar/NNP shares/NNS ]
trading/VBG as/IN 
[ American/NNP Depositary/NNP Receipts/NNPS ]
closed/VBD at/IN 
[ $/$ 13.625/CD ]
,/, up/RB 
[ $/$ 1.75/CD ]
./. 

======================================

[ Analysts/NNS ]
expect/VBP 
[ Ford/NNP ]
will/MD make/VB 
[ the/DT first/JJ move/NN ]
,/, perhaps/RB 
[ today/NN ]
,/, with/IN 
[ an/DT initial/JJ offer/NN ]
of/IN about/IN 
[ 900/CD pence/NN ]
 (/( 
[ $/$ 14.25/CD ]
 )/) 
[ a/DT share/NN ]
./. 

[ Such/JJ a/DT proposal/NN values/VBZ Jaguar/NNP ]
at/IN 
[ more/JJR ]
than/IN 
[ #/# 1.6/CD billion/CD ]
 (/( 
[ $/$ 2.53/CD billion/CD ]
 )/) ./. 

[ Speculation/NN ]
about/IN 
[ a/DT takeover/NN fight/NN ]
has/VBZ sent/VBN 
[ Jaguar/NNP shares/NNS ]
soaring/VBG in/IN 
[ the/DT past/JJ six/CD weeks/NNS ]
./. 

[ The/DT share/NN price/NN ]
was/VBD languishing/VBG at/IN about/IN 
[ 400/CD pence/NN ]
before/IN 
[ Ford/NNP 's/POS Sept./NNP 19/CD announcement/NN ]
of/IN 
[ its/PRP$ interest/NN ]
in/IN 
[ a/DT minority/NN stake/NN ]
./. 

======================================

[ Ford/NNP ]
is/VBZ ``/`` in/IN 
[ the/DT driving/JJ seat/NN ]
at/IN 
[ the/DT moment/NN ]
,/, ''/'' observed/VBD 
[ Bob/NNP Barber/NNP ]
,/, 
[ an/DT auto/NN analyst/NN ]
at/IN 
[ brokers/NNS James/NNP Capel/NNP ]
&/CC 
[ Co/NNP ]
./. 

======================================

[ An/DT aggressive/JJ Ford/NNP bid/NN ]
for/IN 
[ Jaguar/NNP ]
would/MD put/VB 
[ pressure/NN ]
on/IN 
[ GM/NNP ]
to/TO make/VB 
[ a/DT better/JJR offer/NN ]
as/IN 
[ the/DT British/JJ company/NN 's/POS ]
``/`` 
[ white/JJ knight/NN ]
./. 

''/'' 
[ Such/JJ a/DT countermove/NN ]
could/MD end/VB 
[ Jaguar/NNP 's/POS hopes/NNS ]
for/IN remaining/VBG 
[ independent/JJ ]
and/CC 
[ British-owned/JJ ]
./. 

But/CC 
[ it/PRP ]
is/VBZ n't/RB clear/JJ how/WRB 
[ long/JJ GM/NNP ]
would/MD be/VB willing/JJ to/TO fight/VB 
[ Ford/NNP ]
for/IN 
[ Jaguar/NNP ]
./. 

Because/IN of/IN 
[ their/PRP$ longstanding/JJ rivalry/NN ]
,/, 
[ GM/NNP ]
just/RB ``/`` wants/VBZ to/TO make/VB 
[ sure/JJ Ford/NNP ]
pays/VBZ 
[ a/DT huge/JJ packet/NN ]
for/IN (/( 
[ Jaguar/NNP ]
 )/) ,/, ''/'' said/VBD 
[ John/NNP Lawson/NNP ]
,/, 
[ an/DT auto/NN analyst/NN ]
at/IN 
[ London/NNP 's/POS Nomura/NNP Research/NNP Institute/NNP ]
./. 

======================================

[ People/NNS ]
close/RB to/TO 
[ the/DT GM-Jaguar/JJ talks/NNS ]
agreed/VBD that/IN 
[ Ford/NNP ]
now/RB may/MD be/VB able/JJ to/TO shut/VB out/RP 
[ General/NNP Motors/NNPS ]
./. 

``/`` 
[ It/PRP ]
's/VBZ either/CC going/VBG to/TO be/VB 
[ a/DT shootout/NN ]
,/, or/CC 
[ there/EX ]
only/RB may/MD be/VB 
[ one/CD player/NN ]
in/IN 
[ town/NN ]
,/, ''/'' 
[ one/CD person/NN ]
said/VBD ./. 

[ Another/DT person/NN ]
close/JJ to/TO 
[ the/DT talks/NNS ]
said/VBD ,/, ``/`` 
[ It/PRP ]
is/VBZ very/RB hard/JJ to/TO justify/VB paying/VBG 
[ a/DT silly/JJ price/NN ]
for/IN 
[ Jaguar/NNP ]
if/IN 
[ an/DT out-and-out/JJ bidding/JJ war/NN ]
were/VBD to/TO start/VB now/RB ./. 

''/'' 
======================================

In/IN 
[ a/DT statement/NN ]
,/, 
[ Jaguar/NNP 's/POS board/NN ]
said/VBD 
[ they/PRP ]
``/`` were/VBD not/RB consulted/VBN about/IN 
[ the/DT ]
 (/( 
[ Ridley/NNP decision/NN ]
 )/) in/IN 
[ advance/NN ]
and/CC were/VBD surprised/VBN at/IN 
[ the/DT action/NN ]
taken/VBN ./. 

''/'' 
[ The/DT statement/NN ]
emphasized/VBD that/IN 
[ holders/NNS ]
representing/VBG 
[ 75/CD %/NN ]
of/IN 
[ the/DT shares/NNS ]
voting/VBG at/IN 
[ a/DT special/JJ shareholders/NNS '/POS meeting/NN ]
must/MD agree/VB to/TO lift/VB 
[ the/DT takeover/NN restrictions/NNS ]
./. 

[ Jaguar/NNP officials/NNS ]
in/IN 
[ the/DT U.S./NNP ]
noted/VBD that/IN 
[ Ford/NNP ]
,/, as/IN 
[ Jaguar/NNP 's/POS largest/JJS shareholder/NN ]
,/, now/RB has/VBZ 
[ the/DT power/NN ]
to/TO call/VB for/IN 
[ such/JJ a/DT meeting/NN ]
./. 

======================================

[ U.S./NNP auto/NN analysts/NNS ]
also/RB noted/VBD that/IN 
[ Ford/NNP ]
is/VBZ in/IN 
[ the/DT best/JJS position/NN ]
to/TO benefit/VB from/IN 
[ the/DT large/JJ number/NN ]
of/IN 
[ Jaguar/NNP shares/NNS ]

[ that/WDT ]
have/VBP moved/VBN over/IN 
[ the/DT past/JJ month/NN ]
into/IN 
[ the/DT hands/NNS ]
of/IN 
[ arbitragers/NNS ]
waiting/VBG for/IN 
[ the/DT highest/JJS takeover/NN bid/NN ]
./. 

[ Jaguar/NNP 's/POS own/JJ defenses/NNS ]
against/IN 
[ a/DT hostile/JJ bid/NN ]
are/VBP weakened/VBN ,/, 
[ analysts/NNS ]
add/VBP ,/, because/IN fewer/JJR than/IN 
[ 3/CD %/NN ]
of/IN 
[ its/PRP$ shares/NNS ]
are/VBP owned/VBN by/IN 
[ employees/NNS ]
and/CC 
[ management/NN ]
./. 

======================================

[ Ford/NNP officials/NNS ]
in/IN 
[ the/DT U.S./NNP ]
declined/VBD to/TO comment/VB on/IN 
[ the/DT British/JJ government/NN 's/POS action/NN ]
or/CC on/IN 
[ any/DT plans/NNS ]
to/TO call/VB 
[ a/DT special/JJ Jaguar/NNP shareholders/NNS meeting/NN ]
./. 

But/CC 
[ GM/NNP officials/NNS ]
said/VBD 
[ they/PRP ]
,/, too/RB ,/, were/VBD surprised/VBN by/IN 
[ the/DT move/NN ]
,/, 
[ which/WDT ]
left/VBD 
[ them/PRP ]
to/TO ``/`` consider/VB 
[ all/DT our/PRP$ options/NNS ]
and/CC explore/VB 
[ matters/NNS ]
further/RBR ./. 

''/'' Although/IN 
[ GM/NNP ]
has/VBZ 
[ U.S./NNP approval/NN ]
to/TO buy/VB up/IN to/TO 
[ 15/CD %/NN ]
of/IN 
[ Jaguar/NNP 's/POS stock/NN ]
,/, 
[ it/PRP ]

[ has/VBZ n't/RB ]
yet/RB disclosed/VBN how/WRB 
[ many/JJ shares/NNS ]

[ it/PRP ]
now/RB owns/VBZ ./. 

======================================

In/IN 
[ a/DT prepared/JJ statement/NN ]
,/, 
[ GM/NNP ]
suggested/VBD 
[ its/PRP$ plans/NNS ]
for/IN 
[ Jaguar/NNP ]
would/MD be/VB more/RBR valuable/JJ in/IN 
[ the/DT long/JJ run/NN ]
than/IN 
[ the/DT initial/JJ windfalls/NNS investors/NNS ]
might/MD reap/VB from/IN 
[ a/DT hostile/JJ Ford/NNP bid/NN ]
./. 

``/`` 
[ Our/PRP$ intensive/JJ discussions/NNS ]
with/IN 
[ Jaguar/NNP ]
,/, at/IN 
[ their/PRP$ invitation/NN ]
,/, ''/'' 
[ GM/NNP ]
said/VBD ,/, ``/`` have/VBP 
[ as/RB their/PRP$ objectives/NNS ]
to/TO create/VB 
[ a/DT cooperative/JJ business/NN relationship/NN ]
with/IN 
[ Jaguar/NNP ]

[ that/WDT ]
would/MD provide/VB for/IN 
[ the/DT continued/JJ independence/NN ]
of/IN 
[ this/DT great/JJ British/JJ car/NN company/NN ]
,/, to/TO ensure/VB 
[ a/DT secure/JJ future/NN ]
for/IN 
[ its/PRP$ employees/NNS ]
and/CC to/TO provide/VB 
[ an/DT attractive/JJ long-term/JJ return/NN ]
for/IN 
[ its/PRP$ shareholders/NNS ]
./. 

''/'' 
======================================

[ Jaguar/NNP ]
was/VBD shocked/VBN by/IN 
[ Mr./NNP Ridley/NNP 's/POS decision/NN ]
,/, because/IN 
[ management/NN ]
had/VBD believed/VBN 
[ the/DT government/NN ]
would/MD n't/RB lift/VB 
[ the/DT golden/JJ share/NN ]
without/IN consulting/VBG 
[ the/DT company/NN ]
first/RB ./. 

======================================

Indeed/RB ,/, 
[ the/DT government/NN ]
is/VBZ taking/VBG 
[ a/DT calculated/JJ risk/NN ]
./. 

[ Mr./NNP Ridley/NNP 's/POS announcement/NN ]
set/VBN off/RP 
[ a/DT howl/NN ]
of/IN 
[ protests/NNS ]
from/IN 
[ members/NNS ]
of/IN 
[ the/DT opposition/NN Labor/NNP Party/NNP ]
,/, 
[ who/WP ]
accused/VBD 
[ the/DT Thatcher/NNP administration/NN ]
of/IN backing/VBG down/RB on/IN 
[ promised/JJ protection/NN ]
for/IN 
[ a/DT privatized/JJ company/NN ]
./. 

[ The/DT British/JJ government/NN ]
retained/VBD 
[ the/DT single/JJ golden/JJ share/NN ]
after/IN selling/VBG 
[ its/PRP$ stake/NN ]
in/IN 
[ Jaguar/NNP ]
in/IN 
======================================

[ The/DT Conservative/JJ government/NN 's/POS decision/NN ]
may/MD reflect/VB 
[ its/PRP$ desire/NN ]
to/TO shed/VB 
[ a/DT ]
politically/RB 
[ sensitive/JJ issue/NN ]
well/RB before/IN 
[ the/DT next/JJ election/NN ]
,/, expected/VBN in/IN 
[ late/JJ 1991/CD ]
./. 

``/`` 
[ It/PRP ]
's/VBZ now/RB 
[ a/DT very/RB good/JJ time/NN ]
politically/RB to/TO get/VB 
[ this/DT ]
over/RB and/CC done/RB with/IN ,/, ''/'' observed/VBD 
[ Daniel/NNP Jones/NNP ]
,/, 
[ professor/NN ]
of/IN 
[ motor/NN industry/NN management/NN ]
at/IN 
[ the/DT University/NNP ]
of/IN 
[ Cardiff/NNP ]
in/IN 
[ Wales/NNP ]
./. 

[ The/DT government/NN ]
,/, already/RB buffeted/VBN by/IN 
[ high/JJ interest/NN rates/NNS ]
and/CC 
[ a/DT slowing/VBG economy/NN ]
,/, has/VBZ been/VBN badly/RB hurt/VBN by/IN 
[ last/JJ week/NN 's/POS shake-up/NN ]
in/IN 
[ Mrs./NNP Thatcher/NNP 's/POS cabinet/NN ]
./. 

======================================

At/IN 
[ the/DT same/JJ time/NN ]
,/, 
[ the/DT government/NN ]
did/VBD n't/RB want/VB to/TO appear/VB to/TO favor/VB 
[ GM/NNP ]
by/IN allowing/VBG 
[ a/DT minority/NN stake/NN ]

[ that/WDT ]
might/MD preclude/VB 
[ a/DT full/JJ bid/NN ]
by/IN 
[ Ford/NNP ]
./. 

[ Mr./NNP Ridley/NNP ]
hinted/VBD at/IN 
[ this/DT motive/NN ]
in/IN answering/VBG 
[ questions/NNS ]
from/IN 
[ members/NNS ]
of/IN 
[ Parliament/NNP ]
after/IN 
[ his/PRP$ announcement/NN ]
./. 

[ He/PRP ]
said/VBD 
[ he/PRP ]
was/VBD giving/VBG up/RP 
[ the/DT golden/JJ share/NN ]
``/`` to/TO clear/VB 
[ the/DT way/NN ]
so/IN 
[ the/DT playing/NN field/NN ]
is/VBZ level/JJ between/IN 
[ all/DT contestants/NNS ]
./. 

''/'' 
======================================

[ Bradley/NNP A./NN Stertz/NNP ]
in/IN 
[ Detroit/NNP ]
contributed/VBD to/TO 
[ this/DT article/NN ]
./. 



======================================

[ Dow/NNP Chemical/NNP Co./NNP ]
,/, 
[ Midland/NNP ]
,/, 
[ Mich./NNP ]
,/, and/CC 
[ Eli/NNP Lilly/NNP ]
&/CC 
[ Co./NNP ]
,/, 
[ Indianapolis/NNP ]
,/, said/VBD 
[ they/PRP ]
completed/VBD 
[ the/DT formation/NN ]
of/IN 
[ Dow/NNP Elanco/NNP ]
,/, 
[ a/DT joint/JJ venture/NN ]
combining/VBG 
[ their/PRP$ plant-sciences/JJ businesses/NNS ]
as/RB well/RB as/IN 
[ Dow/NNP 's/POS industrial/JJ pest-control/JJ business/NN ]
./. 

======================================

[ The/DT companies/NNS ]
said/VBD 
[ Dow/NNP Elanco/NNP ]
will/MD be/VB 
[ the/DT largest/JJS research-based/JJ agricultural/JJ concern/NN ]
in/IN 
[ North/NNP America/NNP ]
,/, with/IN 
[ projected/VBN first-year/JJ revenue/NN ]
of/IN 
[ $/$ 1.5/CD billion/CD ]
./. 

[ Dow/NNP ]
will/MD own/VB 
[ 60/CD %/NN ]
of/IN 
[ the/DT venture/NN ]
,/, with/IN 
[ Eli/NNP Lilly/NNP ]
holding/VBG 
[ the/DT rest/NN ]
./. 

[ The/DT venture/NN ]
will/MD be/VB based/VBN in/IN 
[ Indianapolis/NNP ]
./. 



======================================

[ William/NNP A./NN Wise/NNP ]
,/, 
[ 44/CD years/NNS ]
old/JJ ,/, 
[ president/NN ]
of/IN 
[ the/DT El/NNP Paso/NNP Natural/NNP Gas/NNP Co./NNP unit/NN ]
of/IN 
[ this/DT energy/NN ]
and/CC 
[ natural-resources/NNS concern/NN ]
,/, was/VBD named/VBN to/TO 
[ the/DT additional/JJ post/NN ]
of/IN 
[ chief/JJ executive/NN officer/NN ]
,/, succeeding/VBG 
[ Travis/NNP H./NNP Petty/NNP ]
,/, 
[ 61/CD ]
,/, 
[ who/WP ]
continues/VBZ as/IN 
[ a/DT vice/NN chairman/NN ]
of/IN 
[ the/DT parent/NN ]
./. 



======================================

[ Erwin/NNP Tomash/NNP ]
,/, 
[ the/DT 67-year-old/JJ founder/NN ]
of/IN 
[ this/DT maker/NN ]
of/IN 
[ data/NNS|NN communications/NNS products/NNS ]
and/CC 
[ a/DT former/JJ chairman/NN ]
and/CC 
[ chief/JJ executive/NN ]
,/, resigned/VBD as/IN 
[ a/DT director/NN ]
./. 

[ Dataproducts/NNPS ]
is/VBZ fighting/VBG 
[ a/DT hostile/JJ tender/NN offer/NN ]
by/IN 
[ DPC/NNP Acquisition/NNP Partners/NNPS ]
,/, 
[ a/DT group/NN ]
led/VBN by/IN 
[ New/NNP York-based/JJ Crescott/NNP Investments/NNPS Associates/NNPS ] 
./. 

Under/IN 
[ the/DT circumstances/NNS ]
,/, 
[ Dataproducts/NNPS ]
said/VBD ,/, 
[ Mr./NNP Tomash/NNP ]
said/VBD 
[ he/PRP ]
was/VBD unable/JJ to/TO devote/VB 
[ the/DT time/NN ]
required/JJ because/RB of/IN 
[ other/JJ commitments/NNS ]
./. 

[ Mr./NNP Tomash/NNP ]
will/MD remain/VB as/IN 
[ a/DT director/NN emeritus/NN ]
./. 

[ The/DT company/NN ]
had/VBD 
[ no/DT comment/NN ]
on/IN whether/IN 
[ a/DT replacement/NN ]
would/MD be/VB named/VBN ./. 



======================================

[ Robert/NNP Q./NNP Marston/NNP ]
,/, 
[ president/NN emeritus/NN ]
,/, 
[ University/NNP ]
of/IN 
[ Florida/NNP ]
,/, and/CC 
[ a/DT director/NN ]
of/IN 
[ this/DT maker/NN ]
of/IN 
[ medical/JJ devices/NNS ]
,/, was/VBD named/VBN 
[ chairman/NN ]
./. 

[ Dr./NNP Marston/NNP ]
,/, 
[ 66/CD years/NNS ]
old/JJ ,/, succeeds/VBZ 
[ Alexander/NNP T./NNP Daignault/NNP ]
,/, 
[ 72/CD ]
,/, 
[ who/WP ]
did/VBD n't/RB 
[ stand/VB ]
for/IN 
[ re-election/NN ]
due/JJ to/TO 
[ mandatory/JJ board/NN retirement/NN policy/NN ]
./. 



======================================

[ SFE/NNP Technologies/NNPS ]
said/VBD 
[ William/NNP P./NNP Kuehn/NNP ]
was/VBD elected/VBN 
[ chairman/NN ]
and/CC 
[ chief/JJ executive/JJ officer/NN ]
of/IN 
[ this/DT troubled/JJ electronics/NN parts/NNS maker/NN ]
./. 

======================================

[ The/DT 45-year-old/JJ Mr./NNP Kuehn/NNP ]
,/, 
[ who/WP ]
has/VBZ 
[ a/DT background/NN ]
in/IN 
[ crisis/NN management/NN ]
,/, succeeds/VBZ 
[ Alan/NNP D./NNP Rubendall/NNP ]
,/, 
[ 45/CD ]
./. 

======================================

[ Jerome/NNP J./NNP Jahn/NNP ]
,/, 
[ executive/NN vice/NN president/NN ]
and/CC 
[ chief/JJ financial/JJ officer/NN ]
,/, said/VBD 
[ Mr./NNP Rubendall/NNP ]
was/VBD resigning/VBG by/IN ``/`` 
[ mutual/JJ agreement/NN ]
''/'' with/IN 
[ the/DT board/NN ]
./. 

``/`` 
[ He/PRP ]
is/VBZ going/VBG to/TO pursue/VB 
[ other/JJ interests/NNS ]
,/, ''/'' 
[ Mr./NNP Jahn/NNP ]
said/VBD ./. 

======================================

[ Mr./NNP Rubendall/NNP ]
could/MD n't/RB be/VB reached/VBN ./. 

[ Mr./NNP Kuehn/NNP ]
,/, 
[ the/DT company/NN ]
said/VBD ,/, will/MD retain/VB 
[ the/DT rest/NN ]
of/IN 
[ the/DT current/JJ management/NN team/NN ]
./. 

======================================

For/IN 
[ the/DT nine/CD months/NNS ]
ended/VBN 
[ July/NNP 29/CD ]
,/, 
[ SFE/NNP Technologies/NNPS ]
reported/VBD 
[ a/DT net/JJ loss/NN ]
of/IN 
[ $/$ 889,000/CD ]
on/IN 
[ sales/NNS ]
of/IN 
[ $/$ 23.4/CD million/CD ]
./. 

That/IN compared/VBN with/IN 
[ an/DT operating/NN loss/NN ]
of/IN 
[ $/$ 1.9/CD million/CD ]
on/IN 
[ sales/NNS ]
of/IN 
[ $/$ 27.4/CD million/CD ]
in/IN 
[ the/DT year-earlier/JJ period/NN ]
./. 

======================================

In/IN 
[ national/JJ over-the-counter/JJ ]
trading/NN ,/, 
[ SFE/NNP Technologies/NNPS shares/NNS ]
closed/VBD yesterday/NN at/IN 
[ 31.25/CD cents/NNS ]

[ a/DT share/NN ]
,/, up/RB 
[ 6.25/CD cents/NNS ]
./. 



======================================

[ Sales/NNS ]
of/IN 
[ new/JJ cars/NNS ]
in/IN 
[ Europe/NNP ]
fell/VBD 
[ 4.2/CD %/NN ]
in/IN 
[ September/NNP ]
from/IN 
[ a/DT year/NN ]
earlier/RB and/CC 
[ analysts/NNS ]
say/VBP 
[ the/DT market/NN ]
could/MD continue/VB to/TO soften/VB in/IN 
[ the/DT months/NNS ]
ahead/RB ./. 

======================================

After/IN 
[ a/DT stronger-than-expected/JJ pace/NN ]
early/RB 
[ this/DT year/NN ]
,/, 
[ analysts/NNS ]
say/VBP 
[ the/DT market/NN ]
,/, after/IN 
[ a/DT series/NN ]
of/IN 
[ sharp/JJ swings/NNS ]
in/IN 
[ recent/JJ months/NNS ]
,/, now/RB shows/VBZ 
[ signs/NNS ]
of/IN retreating/VBG ./. 

======================================

[ Statistics/NNS ]
from/IN 
[ 12/CD countries/NNS ]

[ which/WDT ]
normally/RB account/VBP for/IN 
[ 94/CD %/NN ]
of/IN 
[ non-communist/JJ Europe/NNP 's/POS passenger/NN car/NN sales/NNS ]
showed/VBD 
[ new/JJ car/NN registrations/NNS ]
totaled/VBD 
[ 911,606/CD ]
in/IN 
[ September/NNP ]
,/, down/RB 
[ 21/CD %/NN ]
from/IN 
[ August/NNP ]
and/CC down/RB 
[ 4.2/CD %/NN ]
for/IN 
[ the/DT year/NN ]
to/TO 
[ date/NN ]
./. 



======================================

[ Tokyo/NNP stocks/NNS ]
rebounded/VBD 
[ Tuesday/NNP ]
from/IN 
[ two/CD consecutive/JJ daily/JJ losses/NNS ]
in/IN relatively/RB 
[ active/JJ dealings/NNS ]
./. 

======================================

[ London/NNP shares/NNS ]
also/RB rose/VBD ,/, while/IN trading/NN in/IN 
[ Frankfurt/NNP ]
,/, 
[ West/NNP Germany/NNP ]
,/, ended/VBD 
[ higher/RBR ]
./. 

======================================

In/IN 
[ Tokyo/NNP ]
,/, 
[ the/DT Nikkei/NNP index/NN ]
of/IN 
[ 225/CD selected/VBN issues/NNS ]
was/VBD up/RB 
[ 132.00/CD points/NNS ]
to/TO 
[ 35549.44/CD ]
./. 

[ The/DT index/NN ]
fell/VBD 
[ 109.85/CD Monday/NNP ]
./. 

======================================

[ Volume/NN ]
on/IN 
[ the/DT First/JJ Section/NN ]
was/VBD estimated/VBN at/IN 
[ 900/CD million/CD shares/NNS ]
,/, up/RB from/IN 
[ 582/CD million/CD shares/NNS Monday/NNP ]
./. 

Advancing/VBG 
[ issues/NNS ]
outnumbered/VBD 
[ decliners/NNS 542/CD ]
to/TO 
[ 362/CD ]
,/, while/IN 
[ 208/CD issues/NNS ]
were/VBD unchanged/JJ ./. 

======================================

[ Small-lot/JJ buying/NN ]
targeted/VBN at/IN 
[ incentive-backed/JJ issues/NNS ]
pushed/VBN up/RP 
[ the/DT Nikkei/NNP ]
./. 

But/CC 
[ other/JJ sectors/NNS ]
failed/VBD to/TO attract/VB 
[ investor/NN interest/NN ]
and/CC remained/VBD 
[ sluggish/JJ ]
,/, making/VBG 
[ overall/JJ ]
trading/NN appear/VB mixed/JJ ./. 

======================================

[ Individuals/NNS ]
and/CC 
[ corporations/NNS ]
,/, as/RB well/RB as/IN 
[ dealers/NNS ]
trading/VBG for/IN 
[ their/PRP$ own/JJ account/NN ]
,/, actively/RB bought/VBD 
[ Tuesday/NNP ]
./. 

======================================

[ An/DT official/NN ]
at/IN 
[ Wako/NNP Securities/NNPS ]
said/VBD 
[ these/DT investors/NNS ]
feel/VBP 
[ the/DT need/NN ]
to/TO make/VB 
[ quick/JJ profits/NNS ]
,/, despite/IN destabilizing/JJ 
[ external/JJ factors/NNS ]
,/, such/JJ as/IN 
[ political/JJ uncertainty/NN ]
tied/VBN to/TO 
[ the/DT ruling/VBG party/NN 's/POS fate/NN ]
at/IN 
[ next/JJ year/NN 's/POS Lower/NNP House/NNP elections/NNS -/: an/DT  event/NN ]

[ which/WDT ]
could/MD directly/RB affect/VB 
[ the/DT stock/NN market/NN ]
./. 

======================================

[ The/DT Tokyo/NNP Stock/NNP Price/NNP Index/NNP ]
of/IN 
[ all/DT issues/NNS ]
listed/VBN in/IN 
[ the/DT First/JJ Section/NN ]
,/, 
[ which/WDT ]
declined/VBD 
[ 5.16/CD ]
on/IN 
[ Monday/NNP ]
,/, was/VBD up/RB 
[ 16.05/CD ]
,/, or/CC 
[ 0.60/CD %/NN ]
,/, at/IN 
[ 2692.65/CD ]
on/IN 
[ Tuesday/NNP ]
./. 

======================================

[ The/DT Second/JJ Section/NN index/NN ]
,/, 
[ which/WDT ]
fell/VBD 
[ 21.44/CD points/NNS Monday/NNP ]
,/, was/VBD up/RB 
[ 6.84/CD  points/NNS ]
,/, or/CC 
[ 0.19/CD %/NN ]
,/, to/TO close/VB at/IN 
[ 3642.90/CD ]
./. 

[ Second/JJ Section/NN volume/NN ]
was/VBD estimated/VBN at/IN 
[ 14/CD million/CD shares/NNS ]
,/, 
[ unchanged/JJ ]
from/IN 
[ Monday/NNP ]
./. 

======================================

[ Institutional/JJ investors/NNS ]
mostly/RB remained/VBD on/IN 
[ the/DT sidelines/NNS Tuesday/NNP ]
./. 

======================================

[ A/DT fund/NN manager/NN ]
at/IN 
[ a/DT life-insurance/NN company/NN ]
said/VBD 
[ three/CD factors/NNS ]
make/VBP 
[ it/PRP ]
difficult/JJ to/TO read/VB 
[ market/NN direction/NN ]
./. 

First/LS ,/, 
[ he/PRP ]
said/VBD ,/, 
[ domestic/JJ interest/NN rates/NNS ]
are/VBP likely/JJ to/TO stay/VB at/IN 
[ higher/JJR levels/NNS ]
as/IN increased/JJ 
[ anticipation/NN ]
of/IN 
[ inflation/NN ]
followed/VBD rising/VBG 
[ consumer/NN prices/NNS ]
reported/VBN 
[ last/JJ week/NN ]
./. 

[ Second/LS ]
,/, 
[ the/DT dollar/NN ]
is/VBZ showing/VBG 
[ persistent/JJ strength/NN ]
despite/IN 
[ a/DT slowdown/NN ]
in/IN 
[ the/DT U.S./NNP economy/NN ]
shown/VBN by/IN 
[ economic/JJ indicators/NNS ]
./. 

======================================

[ Third/LS ]
,/, 
[ oil/NN prices/NNS ]
have/VBP n't/RB declined/VBN although/IN 
[ supply/NN ]
has/VBZ been/VBN increasing/VBG ./. 

======================================

[ The/DT topic/NN ]

[ that/WDT ]
attracted/VBD 
[ participants/NNS '/POS attention/NN ]
was/VBD 
[ Mitsubishi/NNP Estate/NNP 's/POS purchase/NN ]
of/IN 
[ 51/CD %/NN ]
of/IN 
[ Rockefeller/NNP Center/NNP Properties/NNPS ]
,/, announced/VBD 
[ late/JJ Monday/NNP ]
in/IN 
[ New/NNP York/NNP ]
./. 

[ Mitsubishi/NNP Estate/NNP ]
ended/VBD 
[ the/DT day/NN ]
at/IN 
[ 2680/CD ]
,/, up/RB 
[ 150/CD ]
./. 

[ The/DT gains/NNS ]
also/RB sparked/VBD buying/NN 
[ interest/NN ]
in/IN 
[ other/JJ real-estate/NN companies/NNS ]
,/, 
[ traders/NNS ]
said/VBD ./. 

[ Sumitomo/NNP Realty/NNP ]
&/CC 
[ Development/NNP ]
rose/VBD 
[ 40/CD ]
to/TO 
[ 2170/CD ]
./. 

[ Heiwa/NNP Real/NNP Estate/NNP ]
gained/VBD 
[ 40/CD ]
to/TO 
[ 2210/CD ]
./. 

======================================

[ Investor/NN focus/NN ]
shifted/VBD quickly/RB ,/, 
[ traders/NNS ]
said/VBD ./. 

[ Many/JJ ]
of/IN 
[ the/DT morning-session/NN winners/NNS ]
turned/VBD out/RB to/TO be/VB 
[ losers/NNS ]
by/IN 
[ afternoon/NN ]
./. 

======================================

In/IN 
[ other/JJ stock-market/NN news/NN ]
,/, 
[ the/DT Tokyo/NNP Stock/NNP Exchange/NNP ]
said/VBD that/IN for/IN 
[ the/DT week/NN ]
ended/VBN 
[ Friday/NNP ]
,/, 
[ the/DT balance/NN ]
of/IN 
[ margin/JJ buying/NN ]
rose/VBD 
[ 189.8/CD billion/CD yen/NNS ]
 (/( 
[ $/$ 1.34/CD billion/CD ]
 )/) ,/, to/TO 
[ 7.160/CD trillion/CD yen/NNS ]
 (/( 
[ $/$ 50.46/CD billion/CD ]
 )/) ./. 

[ The/DT balance/NN ]
of/IN 
[ short/JJ positions/NNS ]
outstanding/JJ fell/VBD 
[ 159.7/CD billion/CD yen/NNS ]
,/, to/TO 
[ 779.8/CD billion/CD yen/NNS ]
./. 

======================================

In/IN 
[ London/NNP ]
,/, 
[ prices/NNS ]
finished/VBD at/IN 
[ intraday/JJ peaks/NNS ]
,/, comforted/VBN by/IN 
[ a/DT reassuring/JJ early/JJ performance/NN ]
on/IN 
[ Wall/NNP Street/NNP ]
and/CC 
[ news/NN ]
that/IN 
[ the/DT British/JJ government/NN ]
will/MD waive/VB 
[ its/PRP$ ]
``/`` 
[ golden/JJ share/NN ]
''/'' in/IN 
[ auto/NN maker/NN Jaguar/NNP ]
./. 

But/CC trading/NN was/VBD very/RB sketchy/JJ ,/, as/IN 
[ investment/NN decision/NN makers/NNS ]
remain/VBP 
[ wary/JJ ]
from/IN 
[ gyrations/NNS ]
and/CC upsets/NNS of/IN 
[ recent/JJ weeks/NNS ]
./. 

======================================

``/`` 
[ Volume/NN ]
has/VBZ been/VBN appalling/JJ ,/, ''/'' said/VBD 
[ a/DT dealer/NN ]
at/IN 
[ a/DT British/JJ brokerage/NN concern/NN ]
./. 

``/`` 
[ The/DT market/NN ]
was/VBD dragged/VBN up/RB by/IN 
[ the/DT scruff/NN ]
of/IN 
[ its/PRP$ neck/NN ]
by/IN 
[ Wall/NNP Street/NNP ]
and/CC by/IN 
[ market/NN makers/NNS ]
getting/VBG caught/VBN 
[ short/JJ ]
./. 

[ No/DT one/NN ]
wants/VBZ 
[ stock/NN ]
on/IN 
[ their/PRP$ books/NNS ]
./. 

''/'' 
======================================

Meanwhile/RB ,/, 
[ the/DT broad-based/JJ Financial/NNP Times/NNP 100-share/JJ index/NN ]
added/VBD 
[ 30.4/CD points/NNS ]
to/TO end/VB at/IN 
[ 2142.6/CD ]
,/, while/IN reaching/VBG 
[ its/PRP$ minimum/NN ]
of/IN 
[ 2120.5/CD ]

[ a/DT half/JJ hour/NN ]
into/IN 
[ the/DT session/NN ]
./. 

======================================

At/IN 
[ the/DT close/NN ]
,/, 
[ the/DT narrower/JJR 30-share/JJ index/NN ]
was/VBD up/RB 
[ 19.7/CD points/NNS ]
to/TO 
[ 1721.4/CD ]
./. 

[ Volume/NN ]
totaled/VBD 
[ a/DT modest/JJ 334.5/CD million/CD shares/NNS ]
,/, up/RB from/IN 
[ 257.8/CD million/CD shares/NNS Monday/NNP ]
./. 

======================================

[ The/DT market/NN ]
also/RB moved/VBD at/IN 
[ early/JJ afternoon/NN ]
on/IN 
[ news/NN ]
that/IN 
[ Jaguar/NNP shares/NNS ]
were/VBD being/VBG temporarily/RB suspended/VBN at/IN 
[ 746/CD pence/NN ]
 (/( 
[ $/$ 11.80/CD ]
 )/) 
[ each/DT ]
./. 

[ Secretary/NNP ]
of/IN 
[ State/NNP ]
for/IN 
[ Trade/NNP ]
and/CC 
[ Industry/NNP Nicholas/NNP Ridley/NNP ]
said/VBD later/RBR in/IN 
[ the/DT day/NN ]
that/IN 
[ the/DT government/NN ]
would/MD abolish/VB 
[ its/PRP$ golden/JJ share/NN ]
in/IN 
[ Jaguar/NNP ]
,/, 
[ the/DT luxury/NN auto/NN maker/NN ]
being/VBG stalked/VBN by/IN 
[ General/NNP Motors/NNPS ]
and/CC 
[ Ford/NNP Motor/NNP ]
./. 

======================================

[ The/DT golden/JJ share/NN dates/NNS ]
from/IN 
[ Jaguar/NNP 's/POS public/JJ offering/NN ]
in/IN 
[ 1984/CD ]
and/CC was/VBD designed/VBN to/TO protect/VB 
[ the/DT company/NN ]
from/IN 
[ takeover/NN ]
./. 

[ The/DT golden/JJ share/NN ]
was/VBD scheduled/VBN to/TO expire/VB at/IN 
[ the/DT beginning/NN ]
of/IN 
======================================

But/CC although/IN 
[ the/DT golden/JJ share/NN ]
has/VBZ been/VBN waived/VBN ,/, 
[ a/DT hostile/JJ bidder/NN ]
for/IN 
[ Jaguar/NNP ]
would/MD still/RB have/VB to/TO alter/VB 
[ the/DT British/JJ concern/NN 's/POS articles/NNS ]
of/IN 
[ association/NN ]

[ which/WDT ban/VBP shareholdings/NNS ]
of/IN more/JJR than/IN 
[ 15/CD %/NN ]
./. 

[ Jaguar/NNP shares/NNS ]
closed/VBD at/IN 
[ 869/CD pence/NN ]
,/, up/RB 
[ 122/CD pence/NN ]
,/, on/IN 
[ hefty/JJ turnover/NN ]
of/IN 
[ 9.7/CD million/CD shares/NNS ]
./. 

======================================

As/IN 
[ the/DT London/NNP trading/NN session/NN ]
drew/VBD to/TO 
[ a/DT close/NN ]
,/, 
[ the/DT market/NN ]
was/VBD still/RB listening/VBG to/TO 
[ the/DT parliamentary/JJ debate/NN ]
on/IN 
[ the/DT economy/NN ]
,/, with/IN 
[ new/JJ Chancellor/NNP ]
of/IN 
[ the/DT Exchequer/NNP John/NNP Major/NNP ]
expected/VBN to/TO clarify/VB 
[ his/PRP$ approach/NN ]
to/TO 
[ the/DT British/JJ economy/NN ]
and/CC 
[ currency/NN issues/NNS ]
./. 

======================================

On/IN 
[ the/DT Frankfurt/NNP Stock/NNP Exchange/NNP ]
,/, 
[ share/NN prices/NNS ]
closed/VBD 
[ higher/JJR ]
in/IN fairly/RB 
[ thin/JJ ]
trading/NN ,/, as/IN 
[ selective/JJ buying/NN ]
by/IN 
[ foreigners/NNS ]
helped/VBD propel/VB 
[ prices/NNS ]
./. 

[ The/DT DAX/NNP index/NN ]
closed/VBD at/IN 
[ 1472.76/CD ]
,/, up/RB from/IN 
[ 1466.29/CD ]
./. 

======================================

Despite/IN 
[ the/DT modest/JJ gains/NNS ]
,/, 
[ traders/NNS ]
said/VBD 
[ the/DT market/NN ]
remains/VBZ 
[ dull/JJ ]
,/, with/IN 
[ investors/NNS ]
remaining/VBG cautiously/RB on/IN 
[ the/DT sidelines/NNS ]
./. 

======================================

Contributing/VBG to/TO 
[ the/DT market/NN 's/POS reserved/JJ stance/NN ]
was/VBD 
[ the/DT release/NN ]
later/RBR in/IN 
[ the/DT day/NN ]
of/IN 
[ new/JJ data/NNS ]
on/IN 
[ the/DT health/NN ]
of/IN 
[ the/DT U.S./NNP economy/NN ]
,/, in/IN 
[ the/DT form/NN ]
of/IN 
[ the/DT U.S./NNP index/NN ]
of/IN leading/VBG 
[ indicators/NNS ]
./. 

Additionally/RB ,/, 
[ the/DT end/NN ]
of/IN 
[ the/DT month/NN position-squaring/NN ]
might/MD have/VB also/RB played/VBN 
[ a/DT minor/JJ role/NN ]
,/, 
[ traders/NNS ]
said/VBD ./. 

======================================

Elsewhere/RB ,/, 
[ share/NN prices/NNS ]
closed/VBD higher/RBR in/IN 
[ Amsterdam/NNP ]
,/, 
[ Brussels/NNP ]
,/, 
[ Milan/NNP ]
and/CC 
[ Paris/NNP ]
./. 

[ Prices/NNS ]
were/VBD mixed/JJ in/IN 
[ Zurich/NNP ]
and/CC 
[ lower/JJR ]
in/IN 
[ Stockholm/NNP ]
./. 

======================================

[ Stocks/NNS ]
closed/VBD higher/RBR in/IN 
[ Hong/NNP Kong/NNP ]
,/, 
[ Manila/NNP ]
,/, 
[ Singapore/NNP ]
,/, 
[ Sydney/NNP ]
and/CC 
[ Wellington/NNP ]
,/, but/CC were/VBD lower/JJR in/IN 
[ Seoul/NNP ]
./. 

[ Taipei/NNP ]
was/VBD closed/VBN for/IN 
[ a/DT holiday/NN ]
./. 

======================================

Here/RB are/VBP 
[ price/NN trends/NNS ]
on/IN 
[ the/DT world/NN 's/POS major/JJ stock/NN markets/NNS ]
,/, as/IN calculated/VBN by/IN 
[ Morgan/NNP Stanley/NNP Capital/NNP International/NNP Perspective/NNP ]
,/, 
[ Geneva/NNP ]
./. 

To/TO make/VB 
[ them/PRP ]
directly/RB 
[ comparable/JJ ]
,/, 
[ each/DT index/NN ]
is/VBZ based/VBN on/IN 
[ the/DT close/NN ]
of/IN 
[ 1969/CD ]
equaling/VBG 
[ 100/CD ]
./. 

[ The/DT percentage/NN change/NN ]
is/VBZ since/IN 
[ year-end/NN ]
./. 



======================================

[ French/JJ consumer/NN prices/NNS ]
rose/VBD 
[ 0.2/CD %/NN ]
in/IN 
[ September/NNP ]
from/IN 
[ the/DT previous/JJ month/NN ]
and/CC were/VBD up/RB 
[ 3.4/CD %/NN ]
from/IN 
[ a/DT year/NN ]
earlier/RB ,/, according/VBG to/TO 
[ definitive/JJ figures/NNS ]
from/IN 
[ the/DT National/NNP Statistics/NNPS Institute/NNP ]
./. 

======================================

[ The/DT state/NN agency/NN 's/POS figures/NNS ]
confirm/VBP 
[ previous/JJ estimates/NNS ]
and/CC leave/VBP 
[ the/DT index/NN ]
at/IN 
[ 178.9/CD ]
,/, up/RB from/IN 
[ 178.5/CD ]
in/IN 
[ August/NNP ]
and/CC 
[ 173.1/CD ]

[ a/DT year/NN ]
earlier/RB ./. 

[ The/DT index/NN ]
is/VBZ based/VBN on/IN 
[ 1980/CD ]
equaling/VBG 
[ 100/CD ]
./. 

======================================

[ A/DT breakdown/NN ]
showed/VBD that/IN 
[ food/NN prices/NNS ]
were/VBD 
[ the/DT most/RBS active/JJ part/NN ]
of/IN 
[ growth/NN ]
with/IN 
[ a/DT rise/NN ]
of/IN 
[ 0.6/CD %/NN ]
./. 

[ An/DT official/NN ]
linked/VBD 
[ the/DT gain/NN ]
essentially/RB to/TO 
[ higher/JJR prices/NNS ]
for/IN 
[ beef/NN ]
and/CC 
[ pork/NN ]
./. 

[ He/PRP ]
said/VBD 
[ summer/NN drought/NN problems/NNS ]

[ that/WDT ]
had/VBD hit/VBN 
[ several/JJ southern/JJ agricultural/JJ regions/NNS ]
had/VBD stopped/VBN being/VBG 
[ a/DT major/JJ source/NN ]
of/IN 
[ price/NN pressure/NN ]
in/IN 
[ September/NNP ]
./. 



======================================

[ Japan/NNP 's/POS index/NN ]
of/IN leading/VBG 
[ indicators/NNS ]
rose/VBD to/TO 
[ 63.6/CD ]
in/IN 
[ August/NNP ]
,/, above/IN 
[ the/DT so-called/JJ boom-or-bust/JJ line/NN ]
of/IN 
[ 50/CD ]
for/IN 
[ the/DT first/JJ time/NN ]
since/IN 
[ May/NNP ]
,/, 
[ the/DT Economic/NNP Planning/NNP Agency/NNP ]
said/VBD ./. 

======================================

[ The/DT leading/VBG index/NN ]
recovered/VBD from/IN 
[ July/NNP 's/POS revised/JJ level/NN ]
of/IN 
[ 36.6/CD ]
on/IN 
[ strong/JJ performances/NNS ]
in/IN 
[ consumer/NN durables/NNS ]
and/CC 
[ machinery/NN orders/NNS ]
,/, among/IN 
[ other/JJ factors/NNS ]
,/, according/VBG to/TO 
[ an/DT agency/NN spokeswoman/NN ]
./. 

======================================

[ The/DT index/NN ]
is/VBZ intended/VBN to/TO measure/VB 
[ future/JJ economic/JJ performance/NN ]
./. 

[ A/DT figure/NN ]
above/IN 
[ 50/CD ]
indicates/VBZ 
[ the/DT economy/NN ]
is/VBZ likely/JJ to/TO expand/VB ;/: 
[ one/CD ]
below/IN 
[ 50/CD ]
indicates/VBZ 
[ a/DT contraction/NN ]
may/MD be/VB ahead/RB ./. 



======================================

[ Metromedia/NNP Co./NNP ]
said/VBD 
[ its/PRP$ Metromedia/NNP Long/NNP Distance/NNP unit/NN ]
has/VBZ been/VBN renamed/VBN 
[ Metromedia-ITT/NNP Long/NNP Distance/NNP ]
,/, reflecting/VBG 
[ acquisitions/NNS ]
from/IN 
[ ITT/NNP Corp./NNP ]
,/, 
[ which/WDT ]
licenses/VBZ 
[ its/PRP$ name/NN ]
to/TO closely/RB held/JJ 
[ Metromedia/NNP ]
./. 

======================================

[ Metromedia/NNP ]
said/VBD 
[ its/PRP$ unit/NN ]
is/VBZ 
[ the/DT fifth-largest/JJ provider/NN ]
of/IN 
[ long-distance/NN communications/NNS service/NN ]
in/IN 
[ the/DT U.S./NNP ]
,/, with/IN 
[ projected/VBN 1989/CD revenue/NN ]
of/IN more/JJR than/IN 
[ $/$ 550/CD million/CD ]
./. 

======================================

[ Metromedia/NNP ]
,/, headed/VBN by/IN 
[ John/NNP W./NNP Kluge/NNP ]
,/, has/VBZ 
[ interests/NNS ]
in/IN 
[ telecommunications/NN ]
,/, 
[ robotic/JJ painting/NN ]
,/, 
[ computer/NN software/NN ]
,/, 
[ restaurants/NNS ]
and/CC 
[ entertainment/NN ]
./. 



======================================

[ South/JJ Korean/JJ consumer/NN prices/NNS ]
rose/VBD 
[ 5/CD %/NN ]
in/IN 
[ the/DT first/JJ 10/CD months/NNS ]
of/IN 
[ this/DT year/NN ]
,/, matching/VBG 
[ the/DT government/NN 's/POS target/NN ]
for/IN 
[ the/DT entire/JJ year/NN ]
,/, according/VBG to/TO 
[ the/DT Bank/NNP ]
of/IN 
[ Korea/NNP ]
and/CC 
[ the/DT Economic/NNP Planning/NNP Board/NNP ]
./. 

======================================

According/VBG to/TO 
[ reports/NNS ]
released/VBN by/IN 
[ the/DT two/CD government/NN agencies/NNS ]
,/, 
[ domestic/JJ consumer/NN ]
and/CC 
[ wholesale/JJ prices/NNS ]

[ each/DT rose/VBD ]
by/IN 
[ 0.2/CD %/NN ]
in/IN 
[ October/NNP ]
from/IN 
[ the/DT previous/JJ month/NN ]
./. 

======================================

As/IN 
[ a/DT result/NN ]
,/, 
[ consumer/NN prices/NNS ]
for/IN 
[ the/DT first/JJ 10/CD months/NNS ]
of/IN 
[ 1989/CD ]
surged/VBD by/IN 
[ 5/CD %/NN ]
and/CC 
[ wholesale/JJ prices/NNS ]
by/IN 
[ 1.3/CD %/NN ]
./. 

[ The/DT South/JJ Korean/JJ government/NN ]
had/VBD been/VBN projecting/VBG 
[ a/DT 5/CD %/NN consumer/NN price/NN increase/NN ]
for/IN 
[ the/DT entire/JJ year/NN ]
./. 



======================================

[ Martin/NNP Marietta/NNP Corp./NNP ]
said/VBD 
[ it/PRP ]
won/VBD 
[ a/DT $/$ 38.2/CD million/CD contract/NN ]
from/IN 
[ the/DT U.S./NNP Postal/NNP Service/NNP ]
to/TO manufacture/VB and/CC install/VB automated/JJ 
[ mail-sorting/VBG machines/NNS ]
./. 

======================================

Under/IN 
[ terms/NNS ]
of/IN 
[ the/DT three-year/JJ contract/NN ]
,/, 
[ Martin/NNP Marietta/NNP ]
said/VBD 
[ it/PRP ]
will/MD make/VB and/CC install/VB 
[ 267/CD ]
of/IN 
[ the/DT new/JJ machines/NNS ]
at/IN 
[ 156/CD postal/JJ offices/NNS ]
./. 

[ The/DT new/JJ machines/NNS ]
are/VBP capable/JJ of/IN sorting/VBG by/IN 
[ zip/NN code/NN ]
up/IN to/TO 
[ 10,000/CD large/JJ flat/JJ mail/NN pieces/NNS ]
,/, including/VBG 
[ magazines/NNS ]
and/CC 
[ parcels/NNS ]
,/, 
[ an/DT hour/NN ]
./. 



======================================

[ Thomas/NNP A./NN Donovan/NNP ]
,/, 
[ 37/CD years/NNS ]
old/JJ ,/, formerly/RB 
[ vice/NN president/NN ]
,/, 
[ West/NNP Coast/NNP operations/NNS ]
,/, at/IN 
[ this/DT hazardous-waste-site/NN remediation/NN concern/NN ]
,/, was/VBD named/VBN 
[ executive/NN vice/NN president/NN ]
and/CC 
[ chief/JJ operating/VBG officer/NN ]
,/, 
[ both/DT ]
newly/RB created/VBN 
[ posts/NNS ]
,/, and/CC 
[ a/DT director/NN ]
,/, filling/VBG 
[ a/DT vacancy/NN ]
./. 

[ Canonie/NNP ]
said/VBD 
[ it/PRP ]
anticipates/VBZ naming/VBG 
[ Mr./NNP Donovan/NNP ]
to/TO succeed/VB 
[ Richard/NNP F./NNP Brissette/NNP ]
,/, 
[ 55/CD ]
,/, as/IN 
[ president/NN ]
and/CC 
[ chief/JJ executive/NN officer/NN ]
,/, 
[ effective/JJ March/NNP 1/CD ]
./. 

[ Mr./NNP Brissette/NNP ]
will/MD remain/VB 
[ a/DT Canonie/NNP board/NN member/NN ]
and/CC will/MD be/VB 
[ a/DT consultant/NN ]
to/TO 
[ the/DT company/NN ]
./. 



======================================

[ Yields/NNS ]
on/IN 
[ savings-type/JJ certificates/NNS ]
of/IN 
[ deposit/NN ]
dropped/VBD slightly/RB in/IN 
[ the/DT week/NN ]
ended/VBN yesterday/NN ./. 

======================================

[ The/DT average/JJ yield/NN ]
on/IN 
[ a/DT six-month/JJ CD/NN ]
of/IN 
[ $/$ 50,000/CD ]
or/CC less/JJR was/VBD 
[ 7.90/CD %/NN ]
,/, compared/VBN with/IN 
[ 7.94/CD %/NN ]

[ a/DT week/NN ]
earlier/RB ./. 

[ The/DT average/JJ one-year/JJ savings-type/JJ CD/NN ]
was/VBD down/RB to/TO 
[ 7.99/CD %/NN ]
from/IN 
[ 8.01/CD %/NN ]
,/, according/VBG to/TO 
[ Banxquote/NNP Money/NNP Markets/NNP ]
,/, 
[ a/DT New/NNP York/NNP information/NN service/NN ]

[ that/WDT ]
tracks/VBZ 
[ CD/NN ]
yields/NNS ./. 

======================================

``/`` 
[ This/DT week/NN ]
was/VBD uneventful/JJ for/IN 
[ the/DT CD/NN market/NN ]
,/, ''/'' said/VBD 
[ Norberto/NNP Mehl/NNP ]
,/, 
[ chairman/NN ]
of/IN 
[ Banxquote/NNP ]
./. 

``/`` 
[ The/DT major/JJ banks/NNS ]
have/VBP n't/RB even/RB reacted/VBN to/TO 
[ sharp/JJ rises/NNS ]
in/IN 
[ the/DT three-month/JJ Treasury/NNP bill/NN rates/NNS ]
''/'' in/IN 
[ the/DT past/JJ two/CD weeks/NNS ]
./. 

[ Banks/NNS ]

[ that/WDT ]
adjusted/VBD 
[ payouts/NNS ]
on/IN 
[ CDs/NNS ]
in/IN 
[ the/DT most/RBS recent/JJ week/NN ]
made/VBD only/RB 
[ fractional/JJ moves/NNS ]
,/, 
[ he/PRP ]
said/VBD ./. 

======================================

[ The/DT CD/NN trend/NN ]
runs/VBZ counter/RB to/TO 
[ the/DT direction/NN ]
of/IN 
[ short-term/JJ interest/NN rates/NNS ]
at/IN 
[ the/DT Treasury/NNP bill/NN auction/NN Monday/NNP ]
./. 

[ The/DT average/JJ six-month/JJ bill/NN ]
was/VBD sold/VBN with/IN 
[ a/DT yield/NN ]
of/IN 
[ 8.04/CD %/NN ]
,/, up/RB from/IN 
[ 7.90/CD %/NN ]
./. 

[ The/DT average/JJ three-month/JJ issue/NN ]
rose/VBD to/TO 
[ 8.05/CD %/NN ]
from/IN 
[ 7.77/CD %/NN ]
./. 

======================================

Typically/RB ,/, 
[ banks/NNS ]
offer/VBP 
[ CD/NN yields/NNS ]
higher/JJR than/IN 
[ those/DT ]
on/IN 
[ Treasury/NNP bills/NNS ]
,/, 
[ which/WDT ]
are/VBP considered/VBN 
[ the/DT safest/JJS short-term/JJ investments/NNS ]
;/: 
[ banks/NNS ]
need/VBP 
[ a/DT competitive/JJ edge/NN ]
to/TO sell/VB 
[ their/PRP$ products/NNS ]
./. 

But/CC when/WRB 
[ market/NN interest/NN rates/NNS ]
move/VBP up/RB rapidly/RB ,/, 
[ increases/NNS ]
in/IN 
[ bank/NN CD/NN ]
yields/NNS sometimes/RB lag/VBP ./. 

======================================

[ Most/JJS yields/NNS ]
on/IN 
[ short-term/JJ jumbo/JJ CDs/NNS ]
,/, 
[ those/DT ]
with/IN 
[ denominations/NNS ]
over/IN 
[ $/$ 90,000/CD ]
,/, also/RB moved/VBN in/IN 
[ the/DT opposite/JJ direction/NN ]
of/IN 
[ Treasury/NNP bill/NN yields/NNS ]
./. 

[ The/DT average/JJ six-month/JJ yield/NN ]
on/IN 
[ a/DT jumbo/JJ CD/NN ]
was/VBD at/IN 
[ 7.90/CD %/NN ]
,/, down/RB from/IN 
[ 7.93/CD %/NN ]
,/, 
[ Banxquote/NNP ]
said/VBD ./. 

For/IN 
[ longer-term/JJR CDs/NNS ]
,/, 
[ yields/NNS ]
were/VBD up/RP ./. 

[ The/DT average/JJ two-year/JJ ]
and/CC 
[ five-year/JJ jumbos/NNS ]
were/VBD up/RB 
[ 0.02/CD ]
of/IN 
[ a/DT percentage/NN point/NN ]
to/TO 
[ 7.91/CD %/NN ]
and/CC 
[ 7.96/CD %/NN ]
,/, respectively/RB ./. 

======================================

However/RB ,/, 
[ CDs/NNS ]
sold/VBD through/IN 
[ major/JJ broker-dealer/JJ networks/NNS ]
were/VBD up/RP slightly/RB  almost/RB across/IN 
[ the/DT board/NN ]
./. 

[ The/DT average/JJ six-month/JJ CD/NN ]
in/IN 
[ that/DT category/NN ]
added/VBD 
[ 0.05/CD percentage/NN point/NN ]
to/TO 
[ 8.35/CD %/NN ]
,/, for/IN 
[ example/NN ]
./. 

[ Mr./NNP Mehl/NNP ]
attributed/VBD 
[ the/DT rise/NN ]
specifically/RB to/TO 
[ the/DT Treasury/NNP bill/NN increase/NN ]
./. 

======================================

Among/IN 
[ the/DT major/JJ banks/NNS ]
surveyed/VBN by/IN 
[ Banxquote/NNP ]
in/IN 
[ six/CD regions/NNS ]
of/IN 
[ the/DT country/NN ]
,/, 
[ 8.33/CD %/NN ]
is/VBZ 
[ the/DT highest/JJS yield/NN ]
available/JJ ./. 

[ It/PRP ]
is/VBZ offered/VBN by/IN 
[ the/DT flagship/NN banks/NNS ]
of/IN 
[ New/NNP York/NNP 's/POS Manufacturers/NNPS Hanover/NNP Corp./NNP ]
in/IN 
[ the/DT one-year/JJ maturity/NN ]
only/RB ./. 

[ The/DT yield/NN ]
is/VBZ offered/VBN across/IN 
[ a/DT range/NN ]
of/IN 
[ maturities/NNS ]
at/IN 
[ San/NNP Francisco/NNP 's/POS BankAmerica/NNP Corp./NNP ]
and/CC 
[ Wells/NNP Fargo/NNP ]
&/CC 
[ Co/NNP ]
./. 

Just/RB 
[ two/CD weeks/NNS ]
ago/RB ,/, 
[ BankAmerica/NNP 's/POS yields/NNS ]
in/IN 
[ many/JJ ]
of/IN 
[ those/DT maturities/NNS ]
was/VBD 
[ 8.61/CD %/NN ]
./. 

======================================

Still/RB ,/, on/IN 
[ average/NN ]
,/, 
[ the/DT major/JJ California/NNP banks/NNS ]
have/VBP 
[ the/DT highest/JJS yields/NNS ]
on/IN 
[ CDs/NNS ]
,/, according/VBG to/TO 
[ Banxquote/NNP ]
./. 

[ The/DT average/JJ yield/NN ]
there/RB on/IN 
[ six-month/JJ issues/NNS ]
is/VBZ 
[ 8.32/CD %/NN ]
./. 



======================================

[ I/PRP ]
had/VBD to/TO reach/VB back/RB to/TO 
[ French/NNP 101/CD ]
when/WRB 
[ the/DT monsieur/NN avec/FW clipboard/NN ]
leaned/VBD over/IN 
[ my/PRP$ shoulder/NN ]
during/IN 
[ the/DT coffee/NN phase/NN ]
of/IN 
[ dinner/NN ]
and/CC asked/VBD whether/IN 
[ I/PRP ]
wanted/VBD to/TO ride/VB in/IN 
[ a/DT montgolfiere/FW ]
./. 

======================================

[ I/PRP ]
was/VBD 
[ a/DT last-minute/JJ ]
 (/( read/VB interloping/VBG )/) 
[ attendee/NN ]
at/IN 
[ a/DT French/JJ journalism/NN convention/NN ]
and/CC so/RB far/RB 
[ the/DT festivities/NNS ]
had/VBD been/VBN taken/VBN up/RB entirely/RB by/IN eating/NN ,/, drinking/NN ,/, smoking/NN ,/, sleeping/NN and/CC drinking/NN ./. 

[ The/DT man/NN ]
with/IN 
[ the/DT clipboard/NN ]
represented/VBD 
[ a/DT halfhearted/JJ attempt/NN ]
to/TO introduce/VB 
[ a/DT bit/NN ]
of/IN 
[ les/FW sportif/FW ]
into/IN 
[ our/PRP$ itinerary/NN ]
./. 

But/CC as/IN 
[ the/DT French/NNPS ]
embody/VBP 
[ a/DT Zen-like/JJ state/NN ]
of/IN 
[ blase/NN ]
when/WRB 
[ it/PRP ]
comes/VBZ to/TO 
[ athletics/NNS ]
 (/( try/VB finding/VBG 
[ a/DT Nautilus/JJ machine/NN ]
in/IN 
[ Paris/NNP ]
 )/) ,/, 
[ my/PRP$ fellow/JJ conventioners/NNS ]
were/VBD having/VBG 
[ none/NN ]
of/IN 
[ it/PRP ]
./. 

[ The/DT diners/NNS ]
at/IN 
[ my/PRP$ table/NN ]
simply/RB lit/VBD 
[ more/JJR Gauloises/NNPS ]
and/CC scoffed/VBD at/IN 
[ the/DT suggestion/NN ]
of/IN interrupting/VBG 
[ a/DT ]
perfectly/RB 
[ good/JJ Saturday/NNP morning/NN ]
to/TO go/VB golfing/NN or/CC even/RB montgolfing/NN (/( ballooning/NN to/TO 
[ you/PRP ]
;/: 
[ the/DT brothers/NNS Montgolfier/NNP ]
,/, 
[ French/JJ ]
of/IN 
[ course/NN ]
,/, were/VBD 
[ the/DT world/NN 's/POS first/JJ hot-air/JJ balloonists/NNS ]
 )/) ./. 

======================================

Back/RB in/IN 
[ the/DT U.S.A./NNP ]

[ this/DT kind/NN ]
of/IN 
[ chi-chi/JJ airborne/JJ activity/NN ]
wins/VBZ heartwarmingly/RB 
[ covetous/JJ responses/NNS ]
./. 

As/IN in/IN :/: ``/`` 
[ You/PRP ]
went/VBD ballooning/VBG ?/. ?/. !/. !/. 

In/IN 
[ France/NNP ]
?/. ?/. !/. !/. 
''/''

[ Americans/NNPS ]

[ it/PRP ]
seems/VBZ have/VBP followed/VBN 
[ Malcolm/NNP Forbes/NNP 's/POS hot-air/JJ lead/NN ]
and/CC taken/VBN to/TO ballooning/NN in/IN 
[ a/DT heady/JJ way/NN ]
./. 

During/IN 
[ the/DT past/JJ 25/CD years/NNS ]
,/, 
[ the/DT number/NN ]
of/IN 
[ balloonists/NNS ]
 
[ (/( ]

[ those/DT ]

[ who/WP ]
have/VBP passed/VBN 
[ a/DT Federal/NNP Aviation/NNP Authority/NNP lighter-than-air/JJ test/NN ]
 )/) have/VBP swelled/VBN from/IN 
[ a/DT couple/JJ hundred/CD  ]
to/TO 
[ several/JJ thousand/CD ]
,/, with/IN 
[ some/DT estimates/NNS ]
running/VBG as/RB high/JJ as/IN 
[ 10,000/CD ]
./. 

[ Some/DT 30/CD balloon/NN shows/NNS ]
are/VBP held/VBN annually/RB in/IN 
[ the/DT U.S./NNP ]
,/, including/VBG 
[ the/DT world/NN 's/POS largest/JJS convocation/NN ]
of/IN 
[ ersatz/JJ Phineas/NNP Foggs/NNP ]
--/: 
[ the/DT nine-day/JJ Albuquerque/NNP International/NNP Balloon/NNP Fiesta/NNP ]

[ that/WDT ]
attracts/VBZ 
[ some/DT 800,000/CD enthusiasts/NNS ]
and/CC more/JJR than/IN 
[ 500/CD balloons/NNS ]
,/, 
[ some/DT ]
of/IN 
[ which/WDT ]
are/VBP fetchingly/RB shaped/VBN to/TO resemble/VB 
[ Carmen/NNP Miranda/NNP ]
,/, 
[ Garfield/NNP ]
or/CC 
[ a/DT 12-story-high/JJ condom/NN ]
./. 

 (/( 
[ The/DT condom/NN balloon/NN ]
was/VBD denied/VBN 
[ official/JJ entry/NN status/NN ]

[ this/DT year/NN ]
./. 

 )/) 
======================================

But/CC in/IN 
[ Epinal/NNP ]
,/, 
[ a/DT gray/JJ 16th-century/JJ river/NN town/NN ]
adjacent/JJ to/TO 
[ France/NNP 's/POS Vosges/NNP mountain/NN region/NN ]
,/, 
[ none/NN ]
of/IN 
[ these/DT Yankee-come-lately/JJ enthusiasms/NNS ]
for/IN 
[ things/NNS ]
aloft/RB was/VBD evident/JJ ./. 

Ballooning/NN at/IN 
[ the/DT de/FW rigueur/FW hour/NN ]
of/IN 
[ 6/CD a.m./RB ]
held/VBD 
[ all/PDT the/DT attraction/NN ]
for/IN 
[ most/JJS people/NNS ]
of/IN 
[ sunrise/NN root-canal/NN work/NN ]
./. 

Feeling/VBG 
[ the/DT naggings/NNS ]
of/IN 
[ a/DT culture/NN imperative/NN ]
,/, 
[ I/PRP ]
promptly/RB signed/VBD up/RB ./. 

======================================

[ The/DT first/JJ thing/NN ]

[ anybody/NN ]
will/MD tell/VB 
[ you/PRP ]
about/IN ballooning/NN is/VBZ that/IN 
[ it/PRP ]
requires/VBZ 
[ zip/NN ]
in/IN 
[ the/DT way/NN ]
of/IN 
[ athletic/JJ prowess/NN ]
,/, or/CC even/RB 
[ a/DT measure/NN ]
of/IN 
[ derring-do/NN ]
./. 

 (/( So/RB long/RB as/IN 
[ you/PRP ]
do/VBP n't/RB look/VB down/RB ./. 

 )/) 
[ They/PRP ]
will/MD also/RB tell/VB 
[ you/PRP ]
that/RB even/RB if/IN 
[ you/PRP ]
hate/VBP 
[ heights/NNS ]
,/, 
[ you/PRP ]
can/MD still/RB balloon/VB ./. 

 (/( 
[ I/PRP ]
still/RB say/VB do/VBP n't/RB look/VB down/RB ./. 

At/IN 
[ least/JJS ]
not/RB when/WRB 
[ you/PRP ]
are/VBP ascending/VBG ./. 

 )/) 
[ What/WP ]

[ they/PRP ]
wo/MD n't/RB tell/VB 
[ you/PRP ]
is/VBZ not/RB to/TO go/VB aloft/RB in/IN 
[ anything/NN ]

[ you/PRP ]
do/VBP n't/RB want/VB to/TO get/VB 
[ wet/JJ ]
./. 

[ I/PRP ]
'm/VBP not/RB referring/VBG to/TO 
[ the/DT traditional/JJ champagne/NN ]
drenching/NN during/IN 
[ the/DT back-on-terra-firma/JJ toast/NN ]
./. 

[ I/PRP ]
'm/VBP talking/VBG about/IN 
[ landing/NN ]
in/IN 
[ a/DT canal/NN ]
./. 

In/IN 
[ a/DT porous/JJ wicker/NN basket/NN ]
./. 

With/IN 
[ a/DT pilot/NN ]

[ who/WP ]
speaks/VBZ 
[ no/DT English/NNP ]
./. 

======================================

To/TO 
[ wit/NN ]
,/, 
[ my/PRP$ maiden/JJ voyage/NN ]
 (/( and/CC 
[ novitiates/NNS ]
are/VBP referred/VBN to/TO as/IN 
[ virgins/NNS ]
 )/) began/VBD at/IN 
[ dawn/NN ]
on/IN 
[ a/DT dew-sodden/JJ fairway/NN ]
and/CC ended/VBD at/IN 
[ noon/NN ]
in/IN 
[ a/DT soggy/JJ field/NN ]
./. 

 (/( 
[ Balloon/NN flights/NNS ]
almost/RB always/RB occur/VBP at/IN 
[ dawn/NN ]
or/CC 
[ dusk/NN ]
,/, when/WRB 
[ the/DT winds/NNS ]
are/VBP lightest/JJS ./. 

 )/) In/IN between/IN came/VBD 
[ lots/NNS ]
of/IN 
[ coffee/NN ]
drinking/NN while/IN watching/VBG 
[ the/DT balloons/NNS ]
inflate/VB and/CC 
[ lots/NNS ]
of/IN standing/VBG around/RB deciding/VBG 
[ who/WP ]
would/MD fly/VB in/IN 
[ what/WDT balloon/NN ]
and/CC in/IN 
[ what/WDT order/NN ]
 (/( 
[ the/DT baskets/NNS ]
hold/VBP no/RB more/JJR than/IN 
[ four/CD passengers/NNS ]
 )/) ./. 

When/WRB 
[ it/PRP ]
was/VBD n't/RB 
[ my/PRP$ turn/NN ]
in/IN 
[ the/DT balloon/NN ]

[ I/PRP ]
followed/VBD 
[ its/PRP$ progress/NN ]
from/IN 
[ the/DT ]
``/`` 
[ chase/JJ car/NN ]
,/, ''/'' listening/VBG to/TO 
[ the/DT driver/NN holler/VB ]
into/IN 
[ a/DT walkie-talkie/NN ]
./. 

After/IN 
[ long/JJ stretches/NNS ]
of/IN 
[ this/DT attendant/JJ ground/NN activity/NN ]
came/VBD 
[ 20/CD ]
or/CC 
[ so/RB lovely/JJ minutes/NNS ]
of/IN drifting/VBG above/IN 
[ the/DT Vosges/NNPS ]
watching/VBG 
[ the/DT silver/NN ]
mists/NNS 
[ rise/VB ]
off/IN 
[ the/DT river/NN ]
and/CC 
[ the/DT French/JJ cows/NNS ]
amble/VB about/RB 
[ the/DT fields/NNS ]
./. 

[ It/PRP ]
's/VBZ hard/JJ not/RB to/TO feel/VB that/IN 
[ God/NNP ]
's/VBZ in/IN 
[ his/PRP$ heaven/NN ]
with/IN 
[ this/DT kind/NN ]
of/IN 
[ bird's-eye/JJ view/NN ]
of/IN 
[ the/DT world/NN ]
,/, even/RB if/IN 
[ your/PRP$ pilote/FW ]
in/IN 
[ silly/JJ plaid/NN beret/NN ]
kept/VBD pointing/VBG out/RB how/WRB ``/`` 
[ belle/FW ]
''/'' 
[ it/PRP ]

[ all/DT ]
was/VBD ./. 

Eventually/RB 
[ little/JJ French/JJ farmers/NNS ]
and/CC 
[ their/PRP$ little/JJ French/JJ farmwives/NNS ]
came/VBD out/IN of/IN 
[ their/PRP$ stone/NN houses/NNS ]
and/CC put/VB 
[ their/PRP$ hands/NNS ]
above/IN 
[ their/PRP$ tiny/JJ eyes/NNS ]
and/CC squinted/VBD at/IN 
[ us/PRP ]
./. 

======================================

[ No/DT wonder/NN ]
./. 

[ We/PRP ]
were/VBD coming/VBG down/RB straight/RB into/IN 
[ their/PRP$ canal/NN ]
./. 

See/VB ,/, 
[ the/DT other/JJ rule/NN ]
of/IN 
[ thumb/NN ]
about/IN ballooning/NN is/VBZ that/IN 
[ you/PRP ]
ca/MD n't/RB steer/VB ./. 

And/CC neither/RB can/MD 
[ your/PRP$ pilot/NN ]
./. 

[ You/PRP ]
can/MD go/VB only/RB up/RB or/CC down/RB (/( by/IN heating/VBG 
[ the/DT balloon/NN 's/POS air/NN ]
with/IN 
[ a/DT propane/NN burner/NN ]
,/, 
[ which/WDT ]
does/VBZ make/VB 
[ the/DT top/NN ]
of/IN 
[ your/PRP$ head/NN ]
feel/VB 
[ hot/JJ ]
 )/) and/CC ride/VB 
[ the/DT air/NN currents/NNS ]
./. 

[ Which/WDT ]
makes/VBZ 
[ the/DT chase/NN car/NN ]
necessary/JJ ./. 

Most/JJS 
[ balloonists/NNS ]
seldom/RB go/VB higher/RBR than/IN 
[ 2,000/CD feet/NNS ]
and/CC most/JJS average/VBP 
[ a/DT leisurely/JJ 5-10/JJ miles/NNS ]

[ an/DT hour/NN ]
./. 

When/WRB 
[ the/DT balloon/NN ]
is/VBZ cruising/VBG along/RB at/IN 
[ a/DT steady/JJ altitude/NN ]

[ there/EX ]
is/VBZ 
[ little/JJ sense/NN ]
of/IN 
[ motion/NN ]
./. 

Only/RB when/WRB 
[ one/NN ]
is/VBZ ascending/VBG --/: or/CC in/IN 
[ our/PRP$ case/NN ]
descending/VBG 
[ a/DT tad/RB trop/FW rapidement/FW ]
--/: does/VBZ 
[ one/CD feel/NN ]
,/, well/UH ,/, 
[ airborne/JJ ]
in/IN 
[ a/DT picnic/NN basket/NN ]
./. 

======================================

``/`` 
[ What/WP ]
's/VBZ he/PRP doing/VBG ?/. ''/'' hissed/VBD 
[ my/PRP$ companion/NN ]
,/, 
[ who/WP ]
was/VBD 
[ the/DT ]
only/RB 
[ other/JJ English-speaking/JJ member/NN ]
of/IN 
[ the/DT convention/NN ]
and/CC 
[ whose/WP$ knuckles/NNS ]
were/VBD white/JJ ./. 

``/`` 
[ Attention/VB ]
,/, ''/'' yelled/VBD 
[ our/PRP$ pilot/NN ]
as/IN 
[ our/PRP$ basket/NN ]
plunged/VBD into/IN 
[ the/DT canal/NN ]
./. 

``/`` 
[ You/PRP ]
bet/RB 
[ attention/NN ]
,/, ''/'' 
[ I/PRP ]
yelled/VBD back/RB ,/, leaping/VBG atop/IN 
[ the/DT propane/NN ]
tanks/NNS ,/, ``/`` 
[ I/PRP ]
'm/VBP wearing/VBG 
[ alligator/NN loafers/NNS ]
!/.

''/'' 
[ Our/PRP$ pilot/NN ]
simply/RB laughed/VBD ,/, fired/VBD up/RP 
[ the/DT burner/NN ]
and/CC with/IN 
[ another/DT blast/NN ]
of/IN 
[ flame/NN ]
lifted/VBD 
[ us/PRP ]
,/, oh/UH ,/, 
[ a/DT good/JJ 12-inches/NNS ]
above/IN 
[ the/DT water/NN level/NN ]
./. 

[ We/PRP ]
scuttled/VBD along/IN for/IN 
[ a/DT few/JJ feet/NNS ]
before/IN 
[ he/PRP ]
plunged/VBD 
[ us/PRP ]
into/IN 
[ the/DT drink/NN ]
again/RB ./. 

======================================

Eventually/RB 
[ we/PRP ]
came/VBD to/TO rest/VB in/IN 
[ a/DT soggy/JJ patch/NN ]
of/IN 
[ field/NN ]
where/WRB 
[ we/PRP ]
had/VBD 
[ the/DT exquisite/JJ pleasure/NN ]
of/IN scrambling/VBG out/IN of/IN 
[ the/DT basket/NN ]
into/IN 
[ the/DT mud/NN ]
while/IN 
[ the/DT French/JJ half/NN ]
of/IN 
[ our/PRP$ ballooning/NN tag/NN team/NN ]
scrambled/VBD in/RB ./. 

[ I/PRP ]
looked/VBD at/IN 
[ my/PRP$ watch/NN ]
./. 

Barely/RB half-an-hour/NN aloft/RB ./. 

Back/RB in/IN 
[ the/DT chase/NN car/NN ]
,/, 
[ we/PRP ]
drove/VBD around/RB 
[ some/DT more/JJR ]
,/, got/VBD stuck/VBN in/IN 
[ a/DT ditch/NN ]
,/, enlisted/VBD 
[ the/DT aid/NN ]
of/IN 
[ a/DT local/JJ farmer/NN ]
to/TO get/VB out/RP 
[ the/DT trailer/NN ]
hitch/NN and/CC pull/VB 
[ us/PRP ]
out/IN of/IN 
[ the/DT ditch/NN ]
./. 

[ We/PRP ]
finally/RB rendezvoused/VBD with/IN 
[ our/PRP$ balloon/NN ]
,/, 
[ which/WDT ]
had/VBD come/VBN to/TO rest/VB on/IN 
[ a/DT dirt/NN road/NN ]
amid/IN 
[ a/DT clutch/NN ]
of/IN 
[ Epinalers/NNPS ]

[ who/WP ]
watched/VBD 
[ us/PRP ]
disassemble/VB 
[ our/PRP$ craft/NN ]
--/: 
[ another/DT half-an-hour/NN ]
of/IN 
[ non-flight/JJ activity/NN ]
--/: 
[ that/WDT ]
included/VBD 
[ the/DT precision/NN routine/NN ]
of/IN yanking/VBG 
[ the/DT balloon/NN ]
to/TO 
[ the/DT ground/NN ]
,/, punching/VBG 
[ all/PDT the/DT air/NN ]
out/IN of/IN 
[ it/PRP ]
,/, rolling/VBG 
[ it/PRP ]
up/RP and/CC cramming/VBG 
[ it/PRP ]
and/CC 
[ the/DT basket/NN ]
into/IN 
[ the/DT trailer/NN ]
./. 

[ It/PRP ]
was/VBD 
[ the/DT most/JJS exercise/NN ]

[ we/PRP ]
'd/VBD had/VBN 
[ all/DT morning/NN ]
and/CC 
[ it/PRP ]
was/VBD followed/VBN by/IN 
[ our/PRP$ ]
driving/VBG immediately/RB to/TO 
[ the/DT nearest/JJS watering/NN hole/NN ]
./. 

======================================

[ This/DT ]
meant/VBD returning/VBG to/TO 
[ the/DT golf/NN course/NN ]
,/, where/WRB 
[ we/PRP ]
watched/VBD 
[ a/DT few/JJ French/JJ duffers/NNS ]
maul/VB 
[ the/DT first/JJ tee/NN ]
while/IN 
[ we/PRP ]
sat/VBD under/IN 
[ Cinzano/NNP umbrellas/NNS ]
,/, 
[ me/PRP ]
nursing/VBG 
[ an/DT espresso/NN ]
and/CC 
[ my/PRP$ ego/NN ]
./. 

[ A/DT whole/JJ morning/NN ]
of/IN ballooning/NN and/CC 
[ I/PRP ]
had/VBD been/VBN off/IN 
[ the/DT ground/NN ]
barely/RB 
[ 30/CD minutes/NNS ]
./. 

Still/RB ,/, 
[ I/PRP ]
figured/VBD 
[ the/DT event/NN 's/POS envy-quotient/NN ]
back/RB in/IN 
[ the/DT U.S.A./NN ]
was/VBD near/RB peerless/JJ ./. 

======================================

As/IN for/IN 
[ the/DT ride/NN ]
back/RB to/TO 
[ camp/NN ]
,/, 
[ our/PRP$ pilot/NN ]
and/CC 
[ all/PDT the/DT other/JJ French-speaking/JJ passengers/NNS ]
clambered/VBD into/IN 
[ the/DT chase/JJ car/NN ]
./. 

[ My/PRP$ American/JJ companion/NN ]
and/CC 
[ I/PRP ]
were/VBD left/VBN to/TO ride/VB alfresco/RB in/IN 
[ the/DT wicker/NN basket/NN ]
./. 

As/IN 
[ we/PRP ]
streaked/VBD by/IN 
[ a/DT blase/JJ gendarme/NN ]
,/, 
[ I/PRP ]
could/MD n't/RB resist/VB rearing/VBG up/RB on/IN 
[ my/PRP$ soggy/JJ loafers/NNS ]
and/CC saluting/VBG ./. 

======================================

[ Ms./NNP de/NNP Vries/NNP ]
is/VBZ 
[ a/DT free-lance/JJ writer/NN ]
./. 



======================================

[ Treasury/NNP Undersecretary/NNP David/NNP Mulford/NNP ]
defended/VBD 
[ the/DT Treasury/NNP 's/POS efforts/NNS ]

[ this/DT fall/NN ]
to/TO drive/VB down/RP 
[ the/DT value/NN ]
of/IN 
[ the/DT dollar/NN ]
,/, saying/VBG 
[ it/PRP ]
helped/VBD minimize/VB 
[ damage/NN ]
from/IN 
[ the/DT 190-point/JJ drop/NN ]
in/IN 
[ the/DT stock/NN market/NN Oct./NNP 13/CD ]
./. 

======================================

Testifying/VBG before/IN 
[ a/DT House/NNP subcommittee/NN ]
,/, 
[ Mr./NNP Mulford/NNP ]
said/VBD that/IN if/IN 
[ the/DT Treasury/NNP ]
had/VBD n't/RB intervened/VBN in/IN 
[ foreign-exchange/JJ markets/NNS ]
in/IN 
[ September/NNP ]
and/CC 
[ early/JJ October/NNP ]
to/TO reduce/VB 
[ the/DT dollar/NN 's/POS value/NN ]
,/, 
[ the/DT plunge/NN ]
in/IN 
[ the/DT stock/NN market/NN ]
might/MD have/VB provoked/VBN 
[ a/DT steep/JJ fall/NN ]
in/IN 
[ the/DT currency/NN ]

[ that/WDT ]
might/MD have/VB ``/`` unhinged/VBN 
[ financial/JJ markets/NNS ]
./. 

''/'' 
======================================

[ Mr./NNP Mulford/NNP ]
,/, responding/VBG to/TO 
[ critics/NNS ]
of/IN 
[ intervention/NN ]
,/, also/RB said/VBD 
[ intervention/NN ]
is/VBZ ``/`` highly/RB 
[ visible/JJ ]
,/, ''/'' is/VBZ taken/VBN seriously/RB by/IN 
[ financial/JJ markets/NNS ]
and/CC works/VBZ better/RBR than/IN ``/`` was/VBD recognized/VBN 
[ some/DT time/NN ]
ago/RB ./. 

''/'' 
======================================

[ Differences/NNS ]
between/IN 
[ the/DT Treasury/NNP ]
and/CC 
[ the/DT Federal/NNP Reserve/NNP ]
on/IN 
[ the/DT usefulness/NN ]
of/IN 
[ intervention/NN ]
to/TO help/VB restrain/VB 
[ the/DT dollar/NN ]
resurfaced/VBD at/IN 
[ the/DT hearing/NN ]
./. 

[ Fed/NNP Vice/NNP Chairman/NNP Manuel/NNP Johnson/NNP ]
,/, 
[ who/WP ]
had/VBD dissented/VBN from/IN 
[ the/DT Treasury/NNP 's/POS policy/NN ]
,/, told/VBD 
[ lawmakers/NNS ]
,/, ``/`` 
[ I/PRP ]
became/VBD convinced/JJ about/IN 
[ what/WP ]
looked/VBD to/TO 
[ me/PRP ]
like/IN 
[ an/DT attempt/NN ]
to/TO push/VB 
[ the/DT dollar/NN ]
down/RP against/IN 
[ the/DT fundamentals/NNS ]
in/IN 
[ the/DT market/NN ]
./. 

''/'' 
======================================

[ Intervention/NN ]
,/, 
[ he/PRP ]
added/VBD ,/, is/VBZ useful/JJ only/RB to/TO smooth/VB 
[ disorderly/JJ markets/NNS ]
,/, not/RB to/TO fundamentally/RB influence/VB 
[ the/DT dollar/NN 's/POS value/NN ]
./. 

======================================

[ Rep./NNP John/NNP LaFalce/NNP ]
 (/( 
[ D./NNP ]
,/, 
[ N.Y/NNP ]
./. 

 )/) said/VBD 
[ Mr./NNP Johnson/NNP ]
refused/VBD to/TO testify/VB jointly/RB with/IN 
[ Mr./NNP Mulford/NNP ]
and/CC instead/RB asked/VBD to/TO appear/VB after/IN 
[ the/DT Treasury/NNP official/NN ]
had/VBD completed/VBN 
[ his/PRP$ testimony/NN ]
./. 

[ A/DT Fed/NNP spokesman/NN ]
denied/VBD 
[ Mr./NNP LaFalce/NNP 's/POS statement/NN ]
./. 

======================================

[ Mr./NNP Mulford/NNP ]
said/VBD 
[ reports/NNS ]
of/IN 
[ tension/NN ]
between/IN 
[ the/DT Treasury/NNP ]
and/CC 
[ Fed/NNP ]
have/VBP been/VBN exaggerated/JJ ,/, insisting/VBG that/IN 
[ they/PRP ]
involved/VBD ``/`` 
[ nuances/NNS ]
./. 

''/'' 
[ Mr./NNP Johnson/NNP ]
also/RB said/VBD that/IN ``/`` in/IN 
[ the/DT scheme/NN ]
of/IN 
[ things/NNS ]
,/, 
[ these/DT things/NNS ]
are/VBP minor/JJ ./. 

''/'' 
======================================

On/IN 
[ other/JJ matters/NNS ]
,/, 
[ Mr./NNP Mulford/NNP ]
said/VBD 
[ West/NNP Germany/NNP ]
is/VBZ contributing/VBG to/TO 
[ imbalances/NNS ]
in/IN 
[ the/DT world/NN economy/NN ]
because/IN of/IN 
[ its/PRP$ success/NN ]
as/IN 
[ an/DT exporter/NN ]
./. 

``/`` 
[ The/DT solution/NN ]
is/VBZ 
[ stronger/JJR domestic/JJ growth/NN ]
 {/( in/IN 
[ Germany/NNP ]
 }/) ,/, ''/'' 
[ he/PRP ]
said/VBD ./. 

But/CC because/IN 
[ the/DT growth/NN ]
of/IN 
[ the/DT German/JJ economy/NN ]
has/VBZ been/VBN stronger/JJR than/IN expected/VBN ,/, 
[ Mr./NNP Mulford/NNP ]
said/VBD ,/, 
[ it/PRP ]
's/VBZ difficult/JJ for/IN 
[ the/DT U.S./NNP ]
to/TO argue/VB that/IN 
[ Germany/NNP ]
ought/MD to/TO adopt/VB 
[ more/RBR stimulative/JJ monetary/JJ ]
and/CC 
[ fiscal/JJ policies/NNS ]
./. 

======================================

[ Germany/NNP 's/POS trade/NN surplus/NN ]
is/VBZ largely/RB with/IN 
[ other/JJ European/JJ countries/NNS ]
rather/RB than/IN with/IN 
[ the/DT U.S./NNP ]
,/, 
[ Mr./NNP Mulford/NNP ]
acknowledged/VBD ./. 

But/CC nonetheless/RB 
[ U.S./NNP companies/NNS ]
might/MD be/VB more/RBR successful/JJ in/IN 
[ European/JJ markets/NNS ]
if/IN not/RB for/IN 
[ the/DT German/JJ export/NN push/NN ]
,/, 
[ he/PRP ]
said/VBD ./. 



======================================

[ Five/CD officials/NNS ]
of/IN 
[ this/DT investment/NN banking/VBG firm/NN ]
were/VBD elected/VBN 
[ directors/NNS ]
:/: 
[ E./NNP Garrett/NNP Bewkes/NNP III/NNP ]
,/, 
[ a/DT 38-year-old/JJ managing/VBG director/NN ]
in/IN 
[ the/DT mergers/NNS ]
and/CC 
[ acquisitions/NNS department/NN ]
;/: 
[ Michael/NNP R./NNP Dabney/NNP ]
,/, 
[ 44/CD ]
,/, 
[ a/DT managing/VBG director/NN ]

[ who/WP ]
directs/VBZ 
[ the/DT principal/JJ activities/NNS group/NN ]

[ which/WDT ]
provides/VBZ funding/NN for/IN 
[ leveraged/JJ acquisitions/NNS ]
;/: 
[ Richard/NNP Harriton/NNP ]
,/, 
[ 53/CD ]
,/, 
[ a/DT general/JJ partner/NN ]

[ who/WP ]
heads/VBZ 
[ the/DT correspondent/NN ]
clearing/NN 
[ services/NNS ]
;/: 
[ Michael/NNP Minikes/NNP ]
,/, 
[ 46/CD ]
,/, 
[ a/DT general/JJ partner/NN ]

[ who/WP ]
is/VBZ 
[ treasurer/NN ]
;/: and/CC 
[ William/NNP J./NNP Montgoris/NNP ]
,/, 
[ 42/CD ]
,/, 
[ a/DT general/JJ partner/NN ]

[ who/WP ]
is/VBZ also/RB 
[ senior/JJ vice/NN president/NN ]
of/IN 
[ finance/NN ]
and/CC 
[ chief/JJ financial/JJ officer/NN ]
./. 

[ The/DT board/NN ]
increased/VBN by/IN 
[ one/CD ]
to/TO 
[ 26/CD members/NNS ]
./. 

In/IN 
[ the/DT past/NN year/NN ]
,/, 
[ one/CD ]
inside/JJ 
[ director/NN ]
resigned/VBD ,/, while/IN 
[ three/CD others/NNS ]
retired/VBD ./. 



======================================

[ Some/DT U.S./NNP allies/NNS ]
are/VBP complaining/VBG that/IN 
[ President/NNP Bush/NNP ]
is/VBZ pushing/VBG 
[ conventional-arms/JJ talks/NNS ]
too/RB quickly/RB ,/, creating/VBG 
[ a/DT risk/NN ]
that/IN 
[ negotiators/NNS ]
will/MD make/VB 
[ errors/NNS ]

[ that/WDT ]
could/MD affect/VB 
[ the/DT security/NN ]
of/IN 
[ Western/NNP Europe/NNP ]
for/IN 
[ years/NNS ]
./. 

======================================

[ Concerns/NNS ]
about/IN 
[ the/DT pace/NN ]
of/IN 
[ the/DT Vienna/NNP talks/NNS ]
--/: 
[ which/WDT ]
are/VBP aimed/VBN at/IN 
[ the/DT destruction/NN ]
of/IN 
[ some/DT 100,000/CD weapons/NNS ]
,/, as/RB well/RB as/IN 
[ major/JJ reductions/NNS ]
and/CC 
[ realignments/NNS ]
of/IN 
[ troops/NNS ]
in/IN 
[ central/JJ Europe/NNP ]
--/: also/RB are/VBP being/VBG registered/VBN at/IN 
[ the/DT Pentagon/NNP ]
./. 

[ Mr./NNP Bush/NNP ]
has/VBZ called/VBN for/IN 
[ an/DT agreement/NN ]
by/IN 
[ next/JJ September/NNP ]
at/IN 
[ the/DT latest/JJS ]
./. 

But/CC 
[ some/DT American/JJ defense/NN officials/NNS ]
believe/VBP 
[ the/DT North/NNP Atlantic/NNP Treaty/NNP Organization/NNP ]
should/MD take/VB 
[ more/JJR time/NN ]
to/TO examine/VB 
[ the/DT long-term/JJ implications/NNS ]
of/IN 
[ the/DT options/NNS ]
being/VBG considered/VBN ./. 

======================================

For/IN 
[ one/CD thing/NN ]
,/, 
[ Pentagon/NNP officials/NNS ]
,/, 
[ who/WP ]
asked/VBD not/RB to/TO be/VB identified/VBN ,/, worry/VBP that/IN 
[ the/DT U.S./NNP ]
will/MD have/VB 
[ a/DT much/RB tougher/JJR time/NN ]
persuading/VBG 
[ Europeans/NNPS ]
to/TO keep/VB 
[ some/DT short-range/JJ nuclear/JJ weapons/NNS ]
on/IN 
[ their/PRP$ soil/NN ]
once/IN 
[ Soviet/JJ armored/JJ forces/NNS ]
are/VBP thinned/VBN out/RP ./. 

At/IN 
[ the/DT same/JJ time/NN ]
,/, 
[ they/PRP ]
contend/VBP that/IN 
[ a/DT reduction/NN ]
of/IN 
[ NATO/NNP forces/NNS ]
under/IN 
[ a/DT treaty/NN ]
will/MD increase/VB 
[ the/DT possibility/NN ]
of/IN 
[ a/DT conventional/JJ Soviet/JJ attack/NN ]
unless/IN 
[ the/DT West/NNP ]
retains/VBZ 
[ a/DT residual/JJ force/NN ]
of/IN 
[ nuclear/JJ weapons/NNS ]
in/IN 
[ Europe/NNP ]
./. 

======================================

[ Allies/NNS ]
concerned/VBN about/IN 
[ the/DT deadline/NN ]
include/VBP 
[ the/DT British/NNPS ]
,/, 
[ French/NNPS ]
and/CC 
[ smaller/JJR NATO/NNP allies/NNS ]
,/, 
[ some/DT ]
of/IN 
[ whom/WP ]
do/VBP n't/RB have/VB 
[ adequate/JJ staffs/NNS ]
to/TO provide/VB 
[ quick/JJ answers/NNS ]
to/TO 
[ the/DT questions/NNS ]
being/VBG raised/VBN by/IN 
[ what/WP ]
generally/RB are/VBP considered/VBN 
[ the/DT most/RBS complex/JJ arms-control/NN talks/NNS ]
ever/RB attempted/VBN ./. 

======================================

So/RB far/RB ,/, 
[ no/DT ally/NN ]
has/VBZ complained/VBN openly/RB ,/, preserving/VBG 
[ the/DT impression/NN ]
that/IN 
[ NATO/NNP ]
is/VBZ in/IN 
[ line/NN ]
with/IN 
[ the/DT Bush/NNP position/NN ]
that/IN 
[ a/DT quick/JJ agreement/NN ]
bringing/VBG 
[ Soviet/JJ conventional/JJ forces/NNS ]
down/RB to/TO 
[ parity/NN ]
with/IN 
[ NATO/NNP ]
is/VBZ 
[ the/DT West/NNP 's/POS top/JJ bargaining/NN priority/NN ]
./. 

======================================

But/CC even/RB though/IN 
[ NATO/NNP negotiators/NNS ]
have/VBP only/RB 
[ 10/CD months/NNS ]
left/VBN under/IN 
[ the/DT Bush/NNP timetable/NN ]
,/, 
[ they/PRP ]
are/VBP still/RB wrestling/VBG over/IN 
[ such/JJ ]
seemingly/RB 
[ fundamental/JJ questions/NNS ]
as/IN ``/`` 
[ What/WP ]
is/VBZ 
[ a/DT tank/NN ]
?/. 

''/'' 
[ Five/CD ]
of/IN 
[ the/DT six/CD categories/NNS ]
of/IN 
[ weapons/NNS ]
under/IN 
[ negotiation/NN ]
have/VBP n't/RB even/RB been/VBN defined/VBN ./. 

======================================

[ Tanks/NNS ]
currently/RB are/VBP defined/VBN as/IN 
[ armored/JJ vehicles/NNS ]
weighing/VBG 
[ 25/CD tons/NNS ]
or/CC more/JJR that/IN carry/VB 
[ large/JJ guns/NNS ]
./. 

[ The/DT Soviets/NNPS ]
complicated/VBD 
[ the/DT issue/NN ]
by/IN offering/VBG to/TO include/VB 
[ light/JJ tanks/NNS ]
,/, 
[ which/WDT ]
are/VBP as/RB light/JJ as/IN 
[ 10/CD tons/NNS ]
./. 

[ Oleg/NNP A./NN Grinevsky/NNP ]
,/, 
[ the/DT chief/JJ Soviet/JJ negotiator/NN ]
in/IN 
[ the/DT conventional-arms/JJ talks/NNS ]
,/, argued/VBD that/IN 
[ this/DT ]
would/MD mean/VB 
[ the/DT Soviets/NNPS ]
would/MD have/VB to/TO destroy/VB 
[ some/DT 1,800/CD tanks/NNS ]
,/, while/IN 
[ the/DT U.S./NNP ]
would/MD lose/VB 
[ none/NN ]
because/IN 
[ it/PRP ]
has/VBZ 
[ no/DT light/JJ tanks/NNS ]
in/IN 
[ Europe/NNP ]
./. 

======================================

But/CC 
[ the/DT issue/NN ]
is/VBZ 
[ stickier/JJR ]
than/IN 
[ it/PRP ]
seems/VBZ ./. 

[ France/NNP ]
,/, 
[ Britain/NNP ]
and/CC 
[ Italy/NNP all/DT ]
have/VBP 
[ light/JJ tanks/NNS they/PRP ]
would/MD like/VB to/TO keep/VB out/IN of/IN 
[ the/DT talks/NNS ]
./. 

And/CC 
[ some/DT U.S./NNP Army/NNP analysts/NNS ]
worry/VBP that/IN 
[ the/DT proposed/VBN Soviet/JJ redefinition/NN ]
is/VBZ aimed/VBN at/IN blocking/VBG 
[ the/DT U.S./NNP ]
from/IN developing/VBG 
[ lighter/JJR ]
,/, more/RBR transportable/JJ ,/, 
[ high-technology/JJ tanks/NNS ]
./. 

======================================

Defining/VBG 
[ combat/NN aircraft/NN ]
is/VBZ even/RB tougher/JJR ./. 

[ The/DT Soviets/NNPS ]
insisted/VBD 
[ that/DT aircraft/NN ]
be/VB brought/VBN into/IN 
[ the/DT talks/NNS ]
,/, then/RB argued/VBD for/IN exempting/VBG 
[ some/DT 4,000/CD Russian/JJ planes/NNS ]
because/IN 
[ they/PRP ]
are/VBP ``/`` solely/RB defensive/JJ ./. 

''/'' 
======================================

[ NATO/NNP has/VBZ n't/RB ]
budged/VBN from/IN 
[ its/PRP$ insistence/NN ]
that/IN 
[ any/DT gun-carrying/JJ plane/NN ]
has/VBZ 
[ offensive/JJ capability/NN ]
./. 

[ The/DT dispute/NN ]
over/IN 
[ that/DT issue/NN ]
,/, according/VBG to/TO 
[ one/CD U.S./NNP official/NN ]
,/, is/VBZ 
[ a/DT ]
``/`` 
[ potential/JJ treaty/NN stopper/NN ]
,/, ''/'' and/CC only/RB 
[ President/NNP Bush/NNP ]
and/CC 
[ Soviet/JJ leader/NN Mikhail/NNP Gorbachev/NNP ]
may/MD be/VB able/JJ to/TO resolve/VB 
[ it/PRP ]
./. 

======================================

[ Accounting/NN problems/NNS ]
raise/VBP 
[ more/JJR knotty/JJ issues/NNS ]
./. 

[ Greece/NNP ]
and/CC 
[ Turkey/NNP ]
,/, for/IN 
[ example/NN ]
,/, are/VBP suspected/VBN of/IN overstating/VBG 
[ their/PRP$ arsenals/NNS ]
in/IN 
[ hopes/NNS ]
that/IN 
[ they/PRP ]
can/MD emerge/VB from/IN 
[ the/DT arms-reduction/JJ treaty/NN ]
with/IN 
[ large/JJ remaining/VBG forces/NNS ]
to/TO deter/VB 
[ each/DT other/JJ ]
./. 

======================================

[ Other/JJ nations/NNS ]
are/VBP n't/RB sure/JJ how/WRB 
[ many/JJ weapons/NNS they/PRP ]
have/VBP in/IN 
[ their/PRP$ own/JJ arsenals/NNS ]
./. 

``/`` 
[ It/PRP ]
's/VBZ just/RB going/VBG to/TO be/VB sloppy/JJ ,/, 
[ both/DT ]
on/IN 
[ our/PRP$ side/NN ]
and/CC 
[ theirs/PRP ]
 {/( 
[ the/DT Warsaw/NNP Pact/NNP 's/POS ]
 }/) ,/, ''/'' says/VBZ 
[ one/CD NATO/NNP analyst/NN ]
./. 

======================================

So/RB far/RB ,/, neither/CC 
[ the/DT Bush/NNP administration/NN ]
nor/CC 
[ arms-control/JJ experts/NNS ]
in/IN 
[ Congress/NNP ]
seem/VBP moved/VBN by/IN 
[ arguments/NNS ]
that/IN 
[ these/DT problems/NNS ]
may/MD take/VB 
[ more/JJR time/NN ]
to/TO thrash/VB out/RB than/IN 
[ President/NNP Bush/NNP ]
has/VBZ allowed/VBN ./. 

[ They/PRP ]
argue/VBP that/IN 
[ the/DT bigger/JJR danger/NN ]
would/MD be/VB that/IN 
[ the/DT West/NNP ]
would/MD delay/VB 
[ action/NN ]
so/RB long/RB that/IN 
[ the/DT Soviets/NNPS ]
might/MD back/VB away/RB from/IN 
[ the/DT current/JJ conciliatory/JJ attitude/NN ]
./. 

======================================

``/`` So/RB 
[ what/WP ]
if/IN 
[ you/PRP ]
miss/VBP 
[ 50/CD tanks/NNS ]
somewhere/RB ?/. ''/'' asks/VBZ 
[ Rep./NNP Norman/NNP Dicks/NNP ]
 (/( 
[ D./NNP ]
,/, 
[ Wash./NNP ]
 )/) ,/, 
[ a/DT member/NN ]
of/IN 
[ the/DT House/NNP group/NN ]

[ that/WDT ]
visited/VBD 
[ the/DT talks/NNS ]
in/IN 
[ Vienna/NNP ]
./. 

``/`` 
[ The/DT bottom/JJ line/NN ]
is/VBZ that/IN if/IN 
[ we/PRP ]
can/MD get/VB 
[ that/DT ]
 {/( 
[ Warsaw/NNP Pact/NNP ]
 }/) 
[ superiority/NN ]
brought/VBD down/RB to/TO 
[ parity/NN ]
,/, 
[ we/PRP ]
ought/MD to/TO keep/VB pressing/VBG ahead/RB as/RB quickly/RB as/IN 
[ possible/JJ ]
./. 

[ I/PRP ]
worry/VBP more/RBR about/IN 
[ things/NNS ]
becoming/VBG so/RB unraveled/JJ on/IN 
[ the/DT other/JJ side/NN ]
that/IN 
[ they/PRP ]
might/MD become/VB unable/JJ to/TO negotiate/VB ./. 

''/''
======================================



======================================

[ International/NNP Lease/NNP Finance/NNP Corp./NNP ]
announced/VBD 
[ a/DT leasing/NN contract/NN ]
with/IN 
[ charter/NN carrier/NN American/JJ Trans/NNP Air/NNP Inc./NNP ]
,/, in/IN 
[ a/DT transaction/NN ]
involving/VBG 
[ six/CD Boeing/NNP Co./NNP 757-200s/NNS ]
./. 

[ The/DT value/NN ]
of/IN 
[ the/DT jets/NNS ]
,/, including/VBG 
[ spares/NNS ]
,/, is/VBZ in/IN 
[ excess/NN ]
of/IN 
[ $/$ 250/CD million/CD ]
./. 

======================================

[ Two/CD ]
of/IN 
[ the/DT 757-200s/NNS ]
are/VBP 
[ new/JJ aircraft/NNS ]
to/TO be/VB delivered/VBN to/TO 
[ American/NNP Trans/NNP Air/NNP ]
,/, 
[ the/DT main/JJ subsidiary/NN ]
of/IN 
[ Amtran/NNP Inc./NNP ]
,/, in/IN 
[ December/NNP 1991/CD ]
and/CC 
[ January/NNP 1992/CD ]
./. 

[ Four/CD ]
of/IN 
[ the/DT planes/NNS ]
were/VBD purchased/VBN by/IN 
[ International/NNP Lease/NNP ]
from/IN 
[ Singapore/NNP Airlines/NNPS ]
in/IN 
[ a/DT ]
previously/RB announced/JJ 
[ transaction/NN ]
./. 

======================================

[ Delivery/NN ]
of/IN 
[ the/DT first/JJ aircraft/NN ]
is/VBZ set/VBN for/IN 
[ early/JJ November/NNP ]
,/, 
[ a/DT second/NN ]
for/IN 
[ December/NNP ]
and/CC 
[ two/CD ]
for/IN 
[ April/NNP 1990/CD ]
./. 



======================================

[ Norway/NNP 's/POS unemployment/NN rate/NN ]
for/IN 
[ October/NNP ]
was/VBD 
[ 3.6/CD %/NN ]
,/, 
[ unchanged/JJ ]
from/IN 
[ September/NNP ]
but/CC up/RB from/IN 
[ 2.6/CD %/NN ]
in/IN 
[ the/DT same/JJ month/NN last/JJ year/NN ]
./. 

[ The/DT figure/NN ]
excludes/VBZ 
[ a/DT record/NN number/NN ]
employed/VBN by/IN 
[ extraordinary/JJ government/NN work/NN programs/NNS ]
,/, 
[ the/DT Labor/NNP Directorate/NNP ]
announced/VBD 
[ Tuesday/NNP ]
./. 

======================================

Including/VBG 
[ those/DT ]
in/IN 
[ the/DT state/NN programs/NNS ]
,/, 
[ there/EX ]
were/VBD 
[ 143,800/CD Norwegians/NNPS ]
,/, or/CC about/IN 
[ 6.5/CD %/NN ]
of/IN 
[ the/DT work/NN force/NN ]
,/, without/IN 
[ permanent/JJ employment/NN ]
in/IN 
[ October/NNP ]
,/, up/RB from/IN 
[ September/NNP 's/POS 136,800/CD ]
./. 

======================================

[ The/DT number/NN ]
of/IN 
[ people/NNS ]
registered/VBN as/IN 
[ jobless/JJ ]
at/IN 
[ the/DT end/NN ]
of/IN 
[ October/NNP ]
declined/VBD by/IN 
[ 900/CD ]
from/IN 
[ September/NNP ]
to/TO 
[ 78,600/CD ]
./. 

[ Those/DT ]
employed/VBN in/IN 
[ state-funded/JJ special/JJ programs/NNS ]
increased/VBN by/IN 
[ 7,400/CD ]
to/TO 
[ 65,200/CD ]
in/IN 
[ the/DT same/JJ period/NN ]
,/, 
[ the/DT Directorate/NNP ]
said/VBD ./. 

======================================

In/IN 
[ October/NNP 1988/CD ]
,/, 
[ there/EX ]
were/VBD 
[ 40,800/CD ]
fewer/JJR employed/VBN by/IN 
[ government/NN programs/NNS ]
./. 



======================================

[ Coca-Cola/NNP Co./NNP ]
,/, aiming/VBG to/TO boost/VB 
[ soft-drink/NN volume/NN ]
in/IN 
[ Singapore/NNP ]
,/, said/VBD 
[ it/PRP ]
is/VBZ discussing/VBG 
[ a/DT joint/JJ venture/NN ]
with/IN 
[ Fraser/NNP ]
&/CC 
[ Neave/NNP Ltd./NNP ]
,/, 
[ its/PRP$ bottling/VBG franchisee/NN ]
in/IN 
[ that/DT country/NN ]
./. 

======================================

[ The/DT venture/NN ]
would/MD be/VB 
[ the/DT latest/JJS ]
in/IN 
[ Coke/NNP 's/POS rapid/JJ expansion/NN ]
of/IN 
[ overseas/JJ investment/NN ]
./. 

So/RB far/RB 
[ this/DT year/NN ]
,/, 
[ it/PRP ]
has/VBZ put/VBN nearly/RB 
[ $/$ 700/CD million/CD ]
into/IN bottling/VBG 
[ operations/NNS ]
in/IN 
[ Australia/NNP ]
,/, 
[ New/NNP Zealand/NNP ]
and/CC 
[ France/NNP ]
./. 

======================================

[ The/DT move/NN ]
also/RB reflects/VBZ 
[ Coke/NNP 's/POS eagerness/NN ]
to/TO have/VB 
[ a/DT hand/NN ]
in/IN developing/VBG 
[ the/DT soft-drink/NN markets/NNS ]
in/IN 
[ Pacific/NNP Basin/NNP countries/NNS ]
./. 

Aside/RB from/IN 
[ Europe/NNP ]
,/, 
[ the/DT Pacific/NNP division/NN ]
is/VBZ where/WRB 
[ Coke/NNP ]
will/MD be/VB focusing/VBG much/RB of/IN 
[ its/PRP$ attention/NN ]
for/IN 
[ years/NNS ]
to/TO come/VB ./. 

======================================

[ That/DT ]
's/VBZ because/IN when/WRB 
[ Coke/NNP ]
looks/VBZ to/TO 
[ the/DT Pacific/NNP area/NN ]
,/, 
[ it/PRP ]
sees/VBZ 
[ an/DT economic/JJ ]
and/CC 
[ demographic/JJ gold/NN mine/NN ]
./. 

In/IN 
[ countries/NNS ]
such/JJ as/IN 
[ Taiwan/NNP ]
,/, 
[ South/NNP Korea/NNP ]
and/CC 
[ Singapore/NNP ]
,/, 
[ economies/NNS ]
are/VBP growing/VBG ,/, resulting/VBG in/IN 
[ a/DT rise/NN ]
in/IN 
[ disposable/JJ income/NN ]
that/IN 
[ consumers/NNS ]
can/MD use/VB for/IN 
[ soft/JJ drinks/NNS ]
./. 

And/CC unlike/IN 
[ Europe/NNP ]
and/CC 
[ the/DT U.S./NNP ]
,/, where/WRB 
[ populations/NNS ]
are/VBP aging/VBG ,/, 
[ the/DT Pacific/NNP Basin/NNP countries/NNS ]
have/VBP 
[ growing/VBG proportions/NNS ]
of/IN 
[ youths/NNS ]
--/: 
[ the/DT heaviest/JJS consumers/NNS ]
of/IN 
[ Coca-Cola/NNP ]
and/CC 
[ other/JJ sodas/NNS ]
./. 

======================================

[ A/DT Coca-Cola/NNP spokesman/NN ]
said/VBD 
[ it/PRP ]
is/VBZ too/RB early/JJ to/TO say/VB how/WRB 
[ the/DT joint/JJ venture/NN ]
would/MD be/VB structured/VBN ,/, or/CC how/WRB 
[ much/JJ the/DT company/NN ]
would/MD invest/VB in/IN 
[ the/DT transaction/NN ]
./. 

In/IN 
[ the/DT past/NN ]
,/, however/RB ,/, 
[ Coke/NNP ]
has/VBZ typically/RB taken/VBN 
[ a/DT minority/NN stake/NN ]
in/IN 
[ such/JJ ventures/NNS ]
./. 

By/IN acquiring/VBG 
[ stakes/NNS ] in/IN bottling/VBG 
[ companies/NNS ]
in/IN 
[ the/DT U.S./NNP ]
and/CC overseas/RB ,/, 
[ Coke/NNP ]
has/VBZ been/VBN able/JJ to/TO improve/VB 
[ bottlers/NNS '/POS efficiency/NN ]
and/CC 
[ production/NN ]
,/, and/CC in/IN 
[ some/DT cases/NNS ]
,/, marketing/NN ./. 

[ Coke/NNP ]
has/VBZ tended/VBN to/TO increase/VB 
[ its/PRP$ control/NN ]
when/WRB 
[ results/NNS ]
were/VBD sluggish/JJ in/IN 
[ a/DT given/VBN country/NN ]
./. 

======================================

That/IN does/VBZ n't/RB appear/VB to/TO be/VB 
[ the/DT case/NN ]
in/IN 
[ Singapore/NNP ]
,/, 
[ a/DT country/NN ]
of/IN about/IN 
[ three/CD million/CD people/NNS ]
with/IN 
[ a/DT ]
relatively/RB 
[ high/JJ soft-drink/NN consumption/NN rate/NN ]
--/: 
[ a/DT key/JJ indicator/NN ]
of/IN 
[ Coke/NNP 's/POS success/NN ]
in/IN 
[ a/DT market/NN ]
./. 

In/IN 
[ Singapore/NNP ]
,/, 
[ per-capita/JJ consumption/NN ]
is/VBZ about/IN 
[ one-third/NN ]
that/IN of/IN 
[ the/DT U.S/NNP ]
./. 

And/CC combining/VBG 
[ Fraser/NNP ]
&/CC 
[ Neave/NNP 's/POS own/JJ soft/JJ drinks/NNS ]
with/IN 
[ Coca-Cola/NNP 's/POS ]
gives/VBZ 
[ the/DT Singapore/NNP company/NN ]
more/JJR than/IN 
[ half/PDT the/DT share/NN ]
of/IN 
[ the/DT soda/NN market/NN ]
there/RB ,/, 
[ Coke/NNP ]
said/VBD ./. 

======================================

[ Fraser/NNP ]
&/CC 
[ Neave/NNP ]
,/, 
[ which/WDT ]
also/RB has/VBZ 
[ interests/NNS ]
in/IN packaging/NN ,/, 
[ beer/NN ]
and/CC 
[ dairy/NN products/NNS ]
,/, holds/VBZ 
[ the/DT Coke/NNP licenses/NNS ]
for/IN 
[ Malaysia/NNP ]
and/CC 
[ Brunei/NNP ]
,/, where/WRB 
[ per-capita/JJ consumption/NN ]
is/VBZ n't/RB as/RB high/JJ as/IN in/IN 
[ Singapore/NNP ]
./. 

[ Coke/NNP ]
could/MD be/VB interested/JJ in/IN more/RBR quickly/RB developing/VBG 
[ some/DT ]
of/IN 
[ the/DT untapped/JJ potential/NN ]
in/IN 
[ those/DT markets/NNS ]
./. 

[ A/DT Coke/NNP spokesman/NN ]
said/VBD 
[ he/PRP ]
could/MD n't/RB say/VB whether/IN 
[ that/DT ]
is/VBZ 
[ the/DT direction/NN ]
of/IN 
[ the/DT talks/NNS ]
./. 

======================================

[ Coke/NN ]
said/VBD 
[ the/DT joint-venture/NN arrangement/NN ]
,/, 
[ which/WDT ]
needs/VBZ 
[ approval/NN ]
from/IN 
[ both/DT ]

[ companies/NNS '/POS boards/NNS ]
,/, should/MD be/VB completed/VBN 
[ early/JJ next/JJ year/NN ]
./. 



======================================

[ AMERICAN/NNP BRANDS/NNPS Inc./NNP ]
,/, 
[ Old/NNP Greenwich/NNP ]
,/, 
[ Conn./NNP ]
,/, said/VBD 
[ it/PRP ]
increased/VBD 
[ its/PRP$ quarterly/JJ 11/CD %/NN ]
to/TO 
[ 68/CD cents/NNS ]

[ a/DT share/NN ]
from/IN 
[ 61/CD cents/NNS ]
,/, 
[ payable/JJ Dec./NNP 1/CD ]
to/TO stock/NN of/IN 
[ record/NN Nov./NNP 10/CD ]
./. 

[ The/DT increase/NN ]
follows/VBZ 
[ the/DT company/NN 's/POS report/NN ]
of/IN 
[ strong/JJ earnings/NNS ]
for/IN 
[ the/DT third/JJ quarter/NN ]
,/, and/CC reflects/VBZ 
[ what/WP ]

[ American/NNP Brands/NNPS ]
called/VBD 
[ its/PRP$ ]
``/`` 
[ tradition/NN ]
of/IN sharing/VBG 
[ earnings/NNS growth/NN ]
''/'' with/IN 
[ shareholders/NNS ]
./. 

[ American/NNP Brands/NNPS ]
is/VBZ 
[ a/DT consumer/NN products/NNS company/NN ]
with/IN 
[ core/NN businesses/NNS ]
in/IN 
[ tobacco/NN ]
,/, distilled/JJ 
[ spirits/NNS ]
and/CC 
[ life/NN insurance/NN ]
./. 

As/IN of/IN 
[ Sept./NNP 30/CD ]
,/, 
[ American/NNP Brands/NNPS ]
had/VBD 
[ 95.2/CD million/CD shares/NNS ]
outstanding/JJ ./. 



======================================

[ Giovanni/NNP Agnelli/NNP ]
&/CC 
[ Co./NNP ]
announced/VBD 
[ a/DT transaction/NN ]

[ that/WDT ]
will/MD strengthen/VB 
[ its/PRP$ indirect/JJ control/NN ]
of/IN 
[ Fiat/NNP S.p/NNP ]
./. 

[ A./NNP ]
and/CC will/MD admit/VB 
[ Prince/NNP Karim/NNP Aga/NNP Khan/NNP ]
as/IN 
[ its/PRP$ first/JJ non-family/JJ shareholder/NN ]
./. 

======================================

[ Giovanni/NNP Agnelli/NNP ]
,/, 
[ a/DT limited/JJ partnership/NN ]

[ that/WDT ]
is/VBZ 
[ the/DT master/NN holding/VBG company/NN ]
for/IN 
[ Fiat/NNP 's/POS Agnelli/NNP family/NN ]
,/, owns/VBZ approximately/RB 
[ 75/CD %/NN ]
of/IN 
[ the/DT shares/NNS ]
in/IN 
[ Istituto/NNP Finanziario/NNP Industriale/NNP ]
,/, 
[ which/WDT ]
in/IN 
[ turn/NN ]
owns/VBZ approximately/RB 
[ 40/CD %/NN ]
of/IN 
[ Fiat/NNP ]
,/, 
[ Italy/NNP 's/POS biggest/JJS private-sector/NN industrial/JJ group/NN ]
./. 

======================================

[ The/DT company/NN ]
said/VBD 
[ Maria/NNP Sole/NNP Agnelli/NNP Teodorani/NNP ]
,/, 
[ sister/NN ]
of/IN 
[ Fiat/NNP Chairman/NNP Giovanni/NNP Agnelli/NNP ]
,/, agreed/VBD to/TO trade/VB 
[ her/PRP$ shares/NNS ]
in/IN 
[ IFI/NNP ]
for/IN 
[ new/JJ ordinary/JJ shares/NNS ]
in/IN 
[ the/DT limited/JJ partnership/NN ]
,/, 
[ which/WDT ]
will/MD give/VB 
[ her/PRP$ control/NN ]
of/IN 
[ 4.67/CD %/NN ]
of/IN 
[ Giovanni/NNP Agnelli/NNP ]
&/CC 
[ Co/NNP ]
./. 

======================================

[ The/DT Aga/NNP Khan/NNP ]
,/, meanwhile/RB ,/, agreed/VBD to/TO trade/VB 
[ some/DT ]
of/IN 
[ his/PRP$ stake/NN ]
in/IN 
[ Luxembourg-based/JJ Ifint/NNP S.A./NNP ]
,/, 
[ another/DT Agnelli/NNP family/NN company/NN ]
,/, for/IN 
[ 7.45/CD %/NN ]
of/IN 
[ Giovanni/NNP Agnelli/NNP ]
&/CC 
[ Co./NNP 's/POS capital/NN ]
./. 

[ His/PRP$ new/JJ stake/NN ]
would/MD be/VB in/IN 
[ the/DT form/NN ]
of/IN 
[ preferred/JJ shares/NNS ]
,/, 
[ which/WDT ]
receive/VBP 
[ higher/JJR dividends/NNS ]
but/CC have/VBP 
[ voting/VBG rights/NNS ]
only/RB in/IN 
[ extraordinary/JJ shareholders/NNS assemblies/NNS ]
./. 

[ The/DT Aga/NNP Khan/NNP ]
owns/VBZ 
[ 10/CD %/NN ]
of/IN 
[ Ifint/NNP 's/POS capital/NN ]
,/, while/IN 
[ IFI/NNP ]
owns/VBZ 
[ 23/CD %/NN ]
./. 

======================================

As/IN 
[ a/DT result/NN ]
of/IN 
[ the/DT transaction/NN ]
,/, 
[ which/WDT ]
is/VBZ expected/VBN to/TO be/VB approved/VBN at/IN 
[ a/DT shareholders/NNS meeting/NN Nov./NNP 24/CD ]
,/, 
[ Giovanni/NNP Agnelli/NNP ]
&/CC 
[ Co./NNP ]
will/MD control/VB 
[ 79.18/CD %/NN ]
of/IN 
[ IFI/NNP 's/POS ordinary/JJ shares/NNS ]
./. 

[ Its/PRP$ capital/NN ]
will/MD also/RB be/VB raised/VBN to/TO 
[ 232.4/CD billion/CD lire/NNS ]
 (/( 
[ $/$ 172.5/CD million/CD ]
 )/) from/IN 
[ the/DT current/JJ 204.3/CD billion/CD lire/NNS ] 
./. 

[ IFI/NNP ]
also/RB has/VBZ 
[ nonvoting/JJ preferred/JJ shares/NNS ]
,/, 
[ which/WDT ]
are/VBP quoted/VBN on/IN 
[ the/DT Milan/NNP stock/NN exchange/NN ]
./. 

======================================

[ The/DT value/NN ]
of/IN 
[ the/DT two/CD transactions/NNS was/VBD n't/RB ]
disclosed/VBN ,/, but/CC 
[ an/DT IFI/NNP spokesman/NN ]
said/VBD 
[ no/DT cash/NN ]
would/MD change/VB 
[ hands/NNS ]
./. 

======================================

[ The/DT move/NN ]
strengthens/VBZ 
[ the/DT existing/VBG links/NNS ]
between/IN 
[ the/DT Agnellis/NNPS ]
and/CC 
[ the/DT Aga/NNP Khan/NNP ]
,/, 
[ the/DT head/NN ]
of/IN 
[ the/DT world/NN 's/POS Ismaili/NNP Moslems/NNPS ]

[ who/WP ]
is/VBZ 
[ a/DT longtime/JJ family/NN friend/NN ]
and/CC frequently/RB goes/VBZ 
[ sailing/NN ]
with/IN 
[ Mr./NNP Agnelli/NNP ]
./. 

======================================

[ Mr./NNP Agnelli/NNP ]
and/CC 
[ the/DT Aga/NNP Khan/NNP ]
also/RB have/VBP 
[ some/DT business/NN ties/NNS ]
,/, and/CC 
[ a/DT spokesman/NN ]
for/IN 
[ the/DT Agnelli/NNP company/NN ]
did/VBD n't/RB 
[ rule/VB ]
out/RB that/IN 
[ the/DT current/JJ agreement/NN ]
could/MD lead/VB to/TO 
[ further/JJ collaboration/NN ]
./. 

For/IN 
[ instance/NN ]
,/, 
[ Ifint/NNP ]
earlier/RBR 
[ this/DT year/NN ]
bought/VBD 
[ an/DT 18/CD %/NN stake/NN ]
in/IN 
[ Alisarda/NNP ]
,/, 
[ the/DT Aga/NNP Khan/NNP 's/POS airline/NN ]
,/, 
[ which/WDT ]
flies/VBZ between/IN 
[ Italy/NNP ]
and/CC 
[ Sardinia/NNP ]
./. 

======================================

[ Giovanni/NNP Agnelli/NNP ]
&/CC 
[ Co./NNP ]
,/, 
[ which/WDT ]
was/VBD formed/VBN in/IN 
[ January/NNP 1987/CD ]
as/IN 
[ a/DT way/NN ]
of/IN keeping/VBG 
[ the/DT Agnellis/NNPS '/POS controlling/VBG stake/NN ]
in/IN 
[ Fiat/NNP ]
together/RB despite/IN 
[ an/DT ever-growing/JJ family/NN tree/NN ]
,/, has/VBZ been/VBN playing/VBG 
[ a/DT more/RBR active/JJ role/NN ]
in/IN 
[ the/DT Agnelli/NNP group/NN ]
of/IN late/RB ./. 

======================================

[ It/PRP ]
raised/VBD financing/NN of/IN 
[ 300/CD billion/CD lire/NNS ]
for/IN 
[ the/DT purchase/NN ]

[ this/DT summer/NN ]
by/IN 
[ another/DT Agnelli-related/JJ group/NN ]
of/IN 
[ the/DT food/NN concern/NN Galbani/NNP S.p/NNP ]
./. 

[ A./NNP ]
,/, by/IN selling/VBG 
[ a/DT chunk/NN ]
of/IN 
[ its/PRP$ IFI/NNP shares/NNS ]
to/TO 
[ Mediobanca/NNP S.p/NNP ]
./. 

[ A./NNP Mediobanca/NNP ]
said/VBD during/IN 
[ the/DT weekend/NN ]
that/IN 
[ it/PRP ]
agreed/VBD to/TO sell/VB 
[ the/DT shares/NNS ]
back/RP to/TO 
[ Giovanni/NNP Agnelli/NNP ]
for/IN 
[ 333/CD billion/CD lire/NNS ]
./. 



======================================

[ Your/PRP$ Oct./NNP 2/CD page-one/JJ article/NN ]
on/IN 
[ people/NNS ]
riding/VBG 
[ so-called/JJ ]
``/`` 
[ railbikes/NNS ]
''/'' on/IN 
[ railroad/NN tracks/NNS ]
was/VBD 
[ a/DT disservice/NN ]
to/TO 
[ your/PRP$ readers/NNS ]
./. 

[ It/PRP ]
unfortunately/RB encourages/VBZ 
[ others/NNS ]
to/TO engage/VB in/IN 
[ a/DT ]
highly/RB dangerous/JJ and/CC 
[ illegal/JJ activity/NN ]
that/IN only/RB 
[ a/DT very/RB few/JJ ]
are/VBP doing/VBG now/RB ./. 

And/CC 
[ it/PRP ]
treats/VBZ 
[ such/JJ activities/NNS ]
in/IN 
[ a/DT frivolous/JJ ]
,/, 
[ cavalier/JJ fashion/NN ]
,/, with/IN 
[ total/JJ indifference/NN ]
to/TO 
[ common/JJ sense/NN ]
and/CC 
[ public/JJ safety/NN ]
./. 

======================================

[ Saul/NNP Resnick/NNP ]

======================================

[ Vice/NNP President/NNP ]

======================================

[ Public/NNP Affairs/NNPS ]

======================================

[ Conrail/NNP ]

======================================

[ Philadelphia/NNP ]
======================================




======================================

[ MCI/NNP Communications/NNPS Corp./NNP ]
said/VBD 
[ it/PRP ]
received/VBD 
[ a/DT three-year/JJ contract/NN ]
valued/VBN at/IN more/JJR than/IN 
[ $/$ 15/CD million/CD ]
to/TO provide/VB 
[ network/NN ]
,/, 
[ credit-card/NN ]
and/CC 
[ other/JJ telecommunications/NN services/NNS ]
to/TO 
[ Drexel/NNP Burnham/NNP Lambert/NNP Inc/NNP ]
./. 



======================================

[ Congressional/JJ Democrats/NNPS ]
and/CC 
[ the/DT Bush/NNP administration/NN ]
agreed/VBD on/IN 
[ a/DT compromise/NN minimum-wage/NN bill/NN ]
,/, opening/VBG 
[ the/DT way/NN ]
for/IN 
[ the/DT first/JJ wage-floor/JJ boost/NN ]
in/IN more/JJR than/IN 
[ nine/CD years/NNS ]
./. 

======================================

[ The/DT agreement/NN ]
ended/VBD 
[ a/DT long/JJ impasse/NN ]
between/IN 
[ the/DT congressional/JJ leaders/NNS ]
and/CC 
[ the/DT White/NNP House/NNP ]
over/IN 
[ the/DT wage/NN issue/NN ]
./. 

[ President/NNP Bush/NNP ]
in/IN 
[ June/NNP ]
vetoed/VBD 
[ a/DT measure/NN ]
passed/VBN by/IN 
[ Congress/NNP ]
and/CC said/VBD 
[ he/PRP ]
would/MD n't/RB accept/VB 
[ any/DT minimum-wage/NN rise/NN ]

[ that/WDT ]
went/VBD beyond/IN 
[ limits/NNS ]

[ he/PRP ]
set/VBD early/RB in/IN 
[ this/DT year/NN 's/POS debate/NN ]
on/IN 
[ the/DT issue/NN ]
./. 

======================================

[ The/DT compromise/NN ]
was/VBD 
[ a/DT somewhat/RB softened/JJ version/NN ]
of/IN 
[ what/WP ]

[ the/DT White/NNP House/NNP ]
had/VBD said/VBN 
[ it/PRP ]
would/MD accept/VB ./. 

Under/IN 
[ the/DT agreement/NN ]
with/IN 
[ the/DT House/NNP ]
and/CC 
[ Senate/NNP leaders/NNS ]
,/, 
[ the/DT minimum/NN wage/NN ]
would/MD rise/VB from/IN 
[ the/DT current/JJ $/$ 3.35/CD ]

[ an/DT hour/NN ]
to/TO 
[ $/$ 4.25/CD ]

[ an/DT hour/NN ]
by/IN 
[ April/NNP 1991/CD ]
./. 

[ Employers/NNS ]
could/MD also/RB pay/VB 
[ a/DT subminimum/JJ ]
``/`` 
[ training/NN wage/NN ]
''/'' for/IN 
[ 90/CD days/NNS ]
to/TO 
[ new/JJ workers/NNS ]

[ who/WP ]
are/VBP up/RB to/TO 
[ 19/CD years/NNS ]
old/JJ ,/, and/CC then/RB for/IN 
[ another/DT 90/CD days/NNS ]
if/IN 
[ the/DT company/NN institutes/NN ]

[ a/DT specific/JJ training/VBG program/NN ]
for/IN 
[ the/DT newcomers/NNS ]
./. 

======================================

[ White/NNP House/NNP officials/NNS ]
were/VBD delighted/JJ that/IN 
[ the/DT compromise/NN ]
includes/VBZ 
[ the/DT concept/NN ]
of/IN 
[ a/DT training/NN wage/NN ]
,/, 
[ which/WDT ]

[ Mr./NNP Bush/NNP ]
has/VBZ fought/VBN for/IN throughout/IN 
[ the/DT year/NN ]
./. 

======================================

``/`` For/IN 
[ the/DT first/JJ time/NN ]
in/IN 
[ history/NN ]
,/, 
[ we/PRP ]
have/VBP 
[ a/DT training/NN wage/NN ]

[ that/WDT ]
will/MD be/VB 
[ part/NN ]
''/'' of/IN 
[ the/DT nation/NN 's/POS labor/NN laws/NNS ]
,/, said/VBD 
[ Roger/NNP Porter/NNP ]
,/, 
[ assistant/NN ]
to/TO 
[ the/DT president/NN ]
for/IN 
[ economic/JJ ]
and/CC 
[ domestic/JJ policy/NN ]
./. 

======================================

[ White/NNP House/NNP aides/NNS ]
said/VBD that/IN although/IN 
[ they/PRP ]
made/VBD 
[ a/DT small/JJ compromise/NN ]
on/IN 
[ the/DT length/NN ]
of/IN 
[ a/DT training/NN wage/NN ]
,/, 
[ the/DT final/JJ minimum-wage/NN increase/NN ]
will/MD meet/VB 
[ the/DT standards/NNS ]
set/VBN by/IN 
[ Mr./NNP Bush/NNP ]
./. 

======================================

[ The/DT bill/NN ]
vetoed/VBN by/IN 
[ the/DT president/NN ]
in/IN 
[ June/NNP ]
,/, 
[ which/WDT ]

[ the/DT House/NNP ]
failed/VBD to/TO override/VB ,/, would/MD have/VB lifted/VBN 
[ the/DT minimum/NN wage/NN ]
to/TO 
[ $/$ 4.55/CD ]

[ an/DT hour/NN ]
by/IN 
[ late/JJ 1991/CD ]
,/, with/IN 
[ a/DT training/NN wage/NN ]
for/IN up/RB to/TO 
[ two/CD months/NNS ]
,/, generally/RB for/IN 
[ a/DT worker/NN 's/POS first/JJ job/NN ]
./. 

======================================

[ Mr./NNP Bush/NNP ]
had/VBD been/VBN holding/VBG out/RB for/IN 
[ a/DT bill/NN ]
boosting/VBG 
[ the/DT wage/NN floor/NN ]
to/TO 
[ $/$ 4.25/CD ]

[ an/DT hour/NN ]
by/IN 
[ the/DT end/NN ]
of/IN 
[ 1991/CD ]
,/, coupled/VBN with/IN 
[ a/DT six-month/JJ training/NN wage/NN ]
for/IN 
[ workers/NNS ]
newly/RB hired/VBN by/IN 
[ any/DT employer/NN ]
./. 

Under/IN 
[ the/DT compromise/NN ]
,/, 
[ the/DT $/$ 4.25/CD level/NN ]
would/MD be/VB reached/VBN 
[ nine/CD months/NNS ]
earlier/RB ,/, while/IN 
[ the/DT training/NN subminimum/JJ ]
would/MD be/VB shorter/JJR ,/, unless/IN 
[ it/PRP ]
is/VBZ tied/VBN to/TO 
[ a/DT training/NN plan/NN ]
./. 

======================================

[ Democrats/NNP ]
argued/VBD that/IN 
[ the/DT training/NN wage/NN ]
was/VBD 
[ a/DT way/NN ]
of/IN allowing/VBG 
[ employers/NNS ]
to/TO pay/VB less/JJR than/IN 
[ the/DT minimum/NN wage/NN ]
,/, while/IN 
[ new/JJ workers/NNS ]
need/VBP far/RB less/JJR than/IN 
[ six/CD months/NNS ]
to/TO be/VB trained/VBN for/IN 
[ their/PRP$ jobs/NNS ]
./. 

======================================

[ Democrats/NNPS ]
had/VBD been/VBN negotiating/VBG with/IN 
[ some/DT Republican/JJ congressional/JJ leaders/NNS ]
on/IN 
[ a/DT compromise/NN ]
lately/RB ./. 

With/IN 
[ congressional/JJ elections/NNS ]
next/IN 
[ year/NN ]
,/, 
[ GOP/NNP leaders/NNS ]
have/VBP worried/VBN about/IN opposing/VBG 
[ a/DT minimum-wage/NN rise/NN ]
for/IN 
[ low-paid/JJ workers/NNS ]
at/IN 
[ a/DT time/NN ]
when/WRB 
[ Congress/NNP ]
is/VBZ moving/VBG toward/IN 
[ a/DT capital-gains/NNS tax/NN cut/NN ]

[ that/WDT ]
would/MD directly/RB benefit/VB 
[ wealthier/JJR taxpayers/NNS ]
./. 

[ Republicans/NNPS ]
have/VBP been/VBN imploring/VBG 
[ the/DT White/NNP House/NNP ]
to/TO compromise/VB on/IN 
[ the/DT wage/NN issue/NN ]
./. 

======================================

In/IN 
[ the/DT Senate/NNP ]
,/, 
[ Edward/NNP Kennedy/NNP ]
 (/( 
[ D./NNP ]
,/, 
[ Mass./NNP ]
 )/) ,/, 
[ chairman/NN ]
of/IN 
[ the/DT Labor/NNP Committee/NNP ]
,/, and/CC 
[ Pete/NNP Domenici/NNP ]
,/, (/( 
[ R./NNP ]
,/, 
[ N.M/NNP ]
./. 

 )/) 
[ ranking/VBG minority/NN member/NN ]
of/IN 
[ the/DT Budget/NNP Committee/NNP ]
,/, have/VBP been/VBN working/VBG on/IN 
[ a/DT compromise/NN ]
,/, and/CC 
[ their/PRP$ soundings/NNS ]
showed/VBD that/IN 
[ the/DT Senate/NNP ]
appeared/VBD to/TO be/VB heading/VBG toward/IN 
[ enough/JJ strength/NN ]
to/TO override/VB 
[ another/DT Bush/NNP veto/NN ]
,/, 
[ a/DT Democratic/JJ staff/NN official/NN ]
said/VBD ./. 

======================================

[ The/DT House/NNP ]
is/VBZ scheduled/VBN to/TO vote/VB 
[ this/DT week/NN ]
on/IN 
[ the/DT compromise/NN ]
,/, as/IN 
[ a/DT substitute/NN ]
to/TO 
[ a/DT new/JJ Democratic/JJ bill/NN ]
,/, 
[ itself/PRP ]
watered/VBD down/RB from/IN 
[ last/JJ spring/NN 's/POS version/NN ]
./. 

[ The/DT Senate/NNP ]
will/MD probably/RB vote/VB not/RB long/RB afterward/RB ./. 

======================================

[ Some/DT Democrats/NNPS ]
thought/VBD 
[ they/PRP ]
might/MD have/VB compromised/VBN too/RB much/RB ./. 

[ Rep./NNP Austin/NNP Murphy/NNP ]
 (/( 
[ D./NNP ]
,/, 
[ Pa./NNP ]
 )/) ,/, 
[ chairman/NN ]
of/IN 
[ the/DT House/NNP labor/NN standards/NNS subcommittee/NN ]
,/, said/VBD 
[ they/PRP ]
might/MD have/VB done/VBN better/RBR ``/`` if/IN 
[ we/PRP ]
'd/VBD held/VBN 
[ their/PRP$ feet/NNS ]
to/TO 
[ the/DT fire/NN ]
./. 

''/'' 
[ Mr./NNP Kennedy/NNP ]
suggested/VBD 
[ Democrats/NNPS ]
``/`` yielded/VBD 
[ a/DT great/JJ deal/NN ]
''/'' on/IN 
[ the/DT size/NN ]
of/IN 
[ the/DT increase/NN ]
,/, but/CC 
[ he/PRP ]
cited/VBD 
[ concessions/NNS ]
from/IN 
[ the/DT White/NNP House/NNP ]
on/IN 
[ the/DT training/NN wage/NN ]
,/, 
[ which/WDT ]

[ he/PRP ]
said/VBD make/VB 
[ it/PRP ]
``/`` less/RBR harsh/JJ ./. 

''/'' 
======================================

With/IN only/RB 
[ 16-year-olds/NNS ]
to/TO 
[ 19-year-olds/NNS eligible/JJ ]
,/, 
[ 68/CD %/NN ]
of/IN 
[ workers/NNS ]
getting/VBG less/JJR than/IN 
[ $/$ 4.25/CD ]

[ an/DT hour/NN ]
,/, 
[ who/WP ]
are/VBP 
[ adults/NNS ]
,/, wo/MD n't/RB be/VB subject/JJ to/TO 
[ the/DT training/NN wage/NN ]
,/, 
[ he/PRP ]
said/VBD ./. 

[ The/DT AFL-CIO/NNP ]
,/, 
[ which/WDT ]
previously/RB opposed/VBD 
[ the/DT administration/NN 's/POS subminimum/JJ idea/NN ]
,/, said/VBD 
[ the/DT compromise/NN ]
has/VBZ ``/`` 
[ adequate/JJ safeguards/NNS ]
,/, so/IN 
[ the/DT youth/NN ]
are/VBP not/RB exploited/VBN and/CC 
[ older/JJR workers/NNS ]
are/VBP not/RB displaced/VBN ./. 

''/'' 
======================================

[ Gerald/NNP F./NNP Seib/NNP ]
contributed/VBD to/TO 
[ this/DT article/NN ]
./. 



======================================

[ Moody/NNP ]

[ 's/POS Investors/NNPS Service/NNP Inc./NNP ]
said/VBD 
[ it/PRP ]
lowered/VBD 
[ the/DT ratings/NNS ]
on/IN about/IN 
[ $/$ 3.2/CD billion/CD ]
of/IN 
[ Houston/NNP Lighting/NNP ]
&/CC 
[ Power/NNP Co./NNP 's/POS securities/NNS ]
because/IN of/IN 
[ the/DT company/NN 's/POS low/JJ levels/NNS ]
of/IN 
[ interest/NN coverage/NN ]
and/CC 
[ internal/JJ cash/NN generation/NN ]
./. 

======================================

[ Houston/NNP Lighting/NNP ]
is/VBZ 
[ a/DT unit/NN ]
of/IN 
[ Houston/NNP Industries/NNPS Inc./NNP ]
,/, 
[ a/DT utility/NN holding/VBG company/NN ]
in/IN 
[ Houston/NNP ]
./. 

======================================

Downgraded/VBN by/IN 
[ Moody/NNP 's/POS ]
were/VBD 
[ Houston/NNP Lighting/NNP 's/POS first-mortgage/JJ bonds/NNS ]
and/CC secured/JJ 
[ pollution-control/JJ bonds/NNS ]
to/TO 
[ single-A-3/JJ ]
from/IN 
[ single-A-2/JJ ]
;/: 
[ unsecured/JJ pollution-control/NN bonds/NNS ]
to/TO 
[ Baa-1/JJ ]
from/IN 
[ single-A-3/JJ ]
;/: preferred/JJ 
[ stock/NN ]
to/TO 
[ single-A-3/JJ ]
from/IN 
[ single-A-2/JJ ]
;/: 
[ a/DT shelf/NN registration/NN ]
for/IN 
[ preferred/JJ stock/NN ]
to/TO 
[ a/DT preliminary/JJ rating/NN ]
of/IN 
[ single-A-3/JJ ]
from/IN 
[ a/DT preliminary/JJ rating/NN ]
of/IN 
[ single-A-2/JJ ]
;/: 
[ two/CD shelf/NN registrations/NNS ]
for/IN 
[ collateralized/JJ debt/NN securities/NNS ]
to/TO 
[ a/DT preliminary/JJ rating/NN ]
of/IN 
[ single-A-3/JJ ]
from/IN 
[ a/DT preliminary/JJ rating/NN ]
of/IN 
[ single-A-2/JJ ]
,/, and/CC 
[ the/DT unit/NN 's/POS rating/NN ]
for/IN 
[ commercial/JJ paper/NN ]
to/TO 
[ Prime-2/JJ ]
from/IN 
[ Prime-1/JJ ]
./. 

======================================

[ Moody/NNP 's/POS ]
said/VBD 
[ Houston/NNP Lighting/NNP 's/POS current/JJ situation/NN ]
has/VBZ 
[ some/DT positive/JJ aspects/NNS ]
,/, including/VBG managing/VBG ``/`` very/RB well/RB ''/'' 
[ the/DT construction/NN ]
and/CC 
[ commercial/JJ operation/NN risks/NNS ]
of/IN 
[ Units/NNS 1/CD ]
and/CC 
[ 2/CD ]
of/IN 
[ the/DT South/NNP Texas/NNP Project/NNP nuclear/JJ power/NN plant/NN ]
./. 

[ Capital/NN requirements/NNS ]
will/MD be/VB declining/VBG and/CC 
[ no/DT new/JJ generating/VBG facilities/NNS ]
will/MD be/VB required/VBN for/IN 
[ several/JJ years/NNS ]
,/, 
[ Moody/NNP 's/POS ]
said/VBD ./. 



======================================

[ Scott/NNP C./NNP Smith/NNP ]
,/, formerly/RB 
[ vice/NN president/NN ]
,/, 
[ finance/NN ]
,/, and/CC 
[ chief/JJ financial/JJ officer/NN ]
of/IN 
[ this/DT media/NNS concern/NN ]
,/, was/VBD named/VBN 
[ senior/JJ vice/NN president/NN ]
./. 

[ Mr./NNP Smith/NNP ]
,/, 
[ 39/CD ]
,/, retains/VBZ 
[ the/DT title/NN ]
of/IN 
[ chief/JJ financial/JJ officer/NN ]
./. 



======================================

[ Armstrong/NNP World/NNP Industries/NNPS Inc./NNP ]
agreed/VBD in/IN 
[ principle/NN ]
to/TO sell/VB 
[ its/PRP$ carpet/NN operations/NNS ]
to/TO 
[ Shaw/NNP Industries/NNPS Inc/NNP ]
./. 

[ The/DT price/NN was/VBD n't/RB ]
disclosed/VBN but/IN 
[ one/CD analyst/NN ]
estimated/VBD that/IN 
[ it/PRP ]
was/VBD 
[ $/$ 150/CD million/CD ]
./. 

======================================

[ Armstrong/NNP ]
,/, 
[ which/WDT ]
has/VBZ faced/VBN 
[ a/DT takeover/NN threat/NN ]
from/IN 
[ the/DT Belzberg/NNP family/NN ]
of/IN 
[ Canada/NNP ]
since/IN 
[ July/NNP ]
,/, said/VBD that/IN disposing/VBG of/IN 
[ the/DT carpet/NN business/NN ]
would/MD improve/VB ``/`` 
[ total/JJ financial/JJ performance/NN ]
./. 

''/'' 
[ The/DT move/NN ]
also/RB would/MD allow/VB 
[ the/DT company/NN ]
to/TO concentrate/VB on/IN 
[ core/JJ businesses/NNS ]
,/, 
[ which/WDT ]
include/VBP 
[ ceramic/JJ tile/NN ]
,/, 
[ floor/NN coverings/NNS ]
and/CC 
[ furniture/NN ]
./. 

======================================

Moreover/JJR ,/, 
[ such/PDT a/DT sale/NN ]
could/MD help/VB 
[ Armstrong/NNP ]
reassure/VB 
[ its/PRP$ investors/NNS ]
and/CC deter/VB 
[ the/DT Belzbergs/NNPS ]
,/, 
[ who/WP ]
own/VBP 
[ a/DT 9.85/CD %/NN stake/NN ]
in/IN 
[ the/DT Lancaster/NNP ]
,/, 
[ Pa./NNP ]
,/, 
[ company/NN ]
./. 

[ Analysts/NNS ]
expect/VBP 
[ Armstrong/NNP ]
to/TO use/VB 
[ proceeds/NNS ]
of/IN 
[ the/DT sale/NN ]
to/TO reduce/VB 
[ debt/NN ]
,/, buy/VB 
[ back/RB stock/NN ]
or/CC perhaps/RB finance/VB 
[ an/DT acquisition/NN ]
./. 

======================================

[ The/DT carpet/NN division/NN ]
had/VBD 
[ 1988/CD sales/NNS ]
of/IN 
[ $/$ 368.3/CD million/CD ]
,/, or/CC almost/RB 
[ 14/CD %/NN ]
of/IN 
[ Armstrong/NNP 's/POS $/$ 2.68/CD billion/CD total/NN revenue/NN ]
./. 

[ The/DT company/NN ]
has/VBZ been/VBN manufacturing/VBG 
[ carpet/NN ]
since/IN 
[ 1967/CD ]
./. 

Recently/RB 
[ it/PRP ]
upgraded/VBD 
[ its/PRP$ plants/NNS ]
so/IN that/IN 
[ it/PRP ]
could/MD make/VB 
[ stain-resistant/JJ products/NNS ]
with/IN 
[ higher/JJR quality/JJ|NN dyes/NNS ]
./. 

======================================

For/IN 
[ the/DT past/JJ year/NN ]
or/CC 
[ two/CD ]
,/, 
[ the/DT carpet/NN division/NN 's/POS operating/NN profit/NN margins/NNS ]
have/VBP hovered/VBN around/IN 
[ 5/CD %/NN ]
,/, 
[ high/JJ ]
by/IN 
[ industry/NN standards/NNS ]
,/, but/CC 
[ disappointing/JJ ]
compared/VBN with/IN 
[ the/DT 13/CD %/NN ]
to/TO 
[ 19/CD %/NN ]
margins/NNS for/IN 
[ two/CD ]
of/IN 
[ Armstrong/NNP 's/POS chief/JJ businesses/NNS ]
,/, 
[ flooring/NN ]
and/CC 
[ building/NN products/NNS ]
./. 

======================================

[ Analysts/NNS ]
hailed/VBD 
[ the/DT planned/JJ transaction/NN ]
as/IN being/VBG 
[ beneficial/JJ ]
to/TO 
[ Armstrong/NNP ]
and/CC 
[ Shaw/NNP ]
,/, 
[ the/DT market/NN leader/NN ]
in/IN 
[ the/DT U.S./NNP carpet/NN industry/NN ]
,/, with/IN 
[ an/DT estimated/VBN 17/CD %/NN ]
to/TO 
[ 20/CD %/NN share/NN ]
./. 

[ Shaw/NNP ]
,/, based/VBN in/IN 
[ Dalton/NNP ]
,/, 
[ Ga./NNP ]
,/, has/VBZ 
[ annual/JJ sales/NNS ]
of/IN about/IN 
[ $/$ 1.18/CD billion/CD ]
,/, and/CC has/VBZ 
[ economies/NNS ]
of/IN 
[ scale/NN ]
and/CC 
[ lower/JJR raw-material/NN costs/NNS ]

[ that/WDT ]
are/VBP expected/JJ to/TO boost/VB 
[ the/DT profitability/NN ]
of/IN 
[ Armstrong/NNP 's/POS brands/NNS ]
,/, sold/VBN under/IN 
[ the/DT Armstrong/NNP ]
and/CC 
[ Evans-Black/NNP names/NNS ]
./. 

======================================

Yesterday/NN ,/, in/IN 
[ composite/JJ ]
trading/NN on/IN 
[ the/DT New/NNP York/NNP Stock/NNP Exchange/NNP ]
,/, 
[ Shaw/NNP 's/POS shares/NNS ]
closed/VBD 
[ ex-dividend/NN ]
at/IN 
[ $/$ 26.125/CD ]
,/, up/RB 
[ $/$ 2.25/CD ]
./. 

[ Armstrong/NNP 's/POS shares/NNS ]
,/, also/RB listed/VBN on/IN 
[ the/DT Big/NNP Board/NNP ]
,/, closed/VBD at/IN 
[ $/$ 39.125/CD ]
,/, up/RB 
[ 12.5/CD cents/NNS ]
./. 

======================================

[ Yesterday/NN ]
,/, 
[ Armstrong/NNP ]
reported/VBD 
[ flat/JJ earnings/NNS ]
for/IN 
[ the/DT third/JJ quarter/NN ]
and/CC 
[ nine/CD months/NNS ]
,/, worsened/VBN by/IN 
[ the/DT stock/NN dilution/NN ]
of/IN 
[ an/DT employee/NN stock/NN ownership/NN plan/NN ]
adopted/VBN earlier/RBR 
[ this/DT year/NN ]
./. 

======================================

For/IN 
[ the/DT quarter/NN ]
,/, 
[ earnings/NNS ]
were/VBD 
[ $/$ 47/CD million/CD ]
,/, or/CC 
[ 92/CD cents/NNS ]

[ a/DT share/NN ]
,/, including/VBG 
[ a/DT one-time/JJ gain/NN ]
of/IN 
[ $/$ 5.9/CD million/CD ]
./. 

In/IN 
[ the/DT year-ago/JJ quarter/NN ]
,/, 
[ earnings/NNS ]
were/VBD 
[ $/$ 42.9/CD million/CD ]
,/, or/CC 
[ 93/CD cents/NNS ]

[ a/DT share/NN ]
./. 

======================================

[ Yesterday/NN ]
,/, 
[ Armstrong/NNP ]
announced/VBD 
[ an/DT agreement/NN ]
to/TO sell/VB 
[ its/PRP$ small/JJ Applied/NNP Color/NNP Systems/NNPS unit/NN ]
to/TO 
[ a/DT subsidiary/NN ]
of/IN 
[ the/DT Swiss/JJ company/NN ]
,/, 
[ Brauerei/NNP Eichof/NNP Ltd/NNP ]
./. 

[ The/DT price/NN was/VBD n't/RB ]
disclosed/VBN ./. 

======================================

[ Armstrong/NNP ]
expects/VBZ to/TO close/VB 
[ the/DT sale/NN ]
of/IN 
[ the/DT color/NN unit/NN ]
in/IN 
[ late/JJ November/NNP ]
and/CC 
[ the/DT carpet/NN sale/NN ]
in/IN 
[ December/NNP ]
,/, with/IN 
[ the/DT gains/NNS ]
to/TO be/VB applied/VBN to/TO 
[ fourth/JJ quarter/NN ]
or/CC 
[ first-quarter/JJ results/NNS ]
./. 



======================================

[ The/DT government/NN 's/POS primary/JJ economic-forecasting/JJ gauge/NN ]
rose/VBD 
[ a/DT slight/JJ 0.2/CD %/NN ]
in/IN 
[ September/NNP ]
,/, but/CC 
[ economists/NNS ]
said/VBD 
[ the/DT report/NN ]
offered/VBD 
[ little/JJ new/JJ information/NN ]
on/IN 
[ the/DT degree/NN ]
to/TO 
[ which/WDT ]

[ the/DT U.S./NNP economy/NN ]
is/VBZ slowing/VBG ./. 

======================================

[ The/DT small/JJ increase/NN ]
in/IN 
[ the/DT index/NN ]
of/IN leading/VBG 
[ indicators/NNS ]
,/, 
[ which/WDT ]
had/VBD climbed/VBN 
[ 0.5/CD %/NN ]
in/IN 
[ August/NNP ]
but/CC was/VBD unchanged/JJ in/IN 
[ July/NNP ]
,/, does/VBZ lend/VB 
[ support/NN ]
to/TO 
[ the/DT view/NN ]
that/IN 
[ the/DT economy/NN ]
has/VBZ slowed/VBN noticeably/RB ./. 

However/RB ,/, 
[ it/PRP ]
does/VBZ n't/RB give/VB much/RB of/IN 
[ a/DT clue/NN ]
as/IN to/TO whether/IN 
[ a/DT recession/NN ]
is/VBZ on/IN 
[ the/DT horizon/NN ]
./. 

======================================

``/`` 
[ I/PRP ]
do/VBP n't/RB think/VB 
[ it/PRP ]
provides/VBZ 
[ much/RB new/JJ information/NN ]
on/IN 
[ the/DT economy/NN ]
,/, ''/'' said/VBD 
[ Richard/NNP Rippe/NNP ]
,/, 
[ economist/NN ]
at/IN 
[ Dean/NNP Witter/NNP Reynolds/NNP Inc/NNP ]
./. 

So/RB far/RB 
[ this/DT year/NN ]
,/, 
[ the/DT index/NN ]
of/IN leading/VBG 
[ indicators/NNS ]
has/VBZ risen/VBN in/IN 
[ four/CD months/NNS ]
,/, fallen/VBN in/IN 
[ four/CD months/NNS ]
and/CC remained/VBD 
[ unchanged/JJ ]
in/IN 
[ the/DT other/JJ month/NN ]
./. 

======================================

In/IN 
[ another/DT report/NN ]
yesterday/NN ,/, 
[ the/DT Commerce/NNP Department/NNP ]
said/VBD 
[ sales/NNS ]
of/IN 
[ new/JJ single-family/JJ houses/NNS ]
plunged/VBD 
[ 14/CD %/NN ]
in/IN 
[ September/NNP ]
to/TO 
[ an/DT annual/JJ rate/NN ]
of/IN 
[ 618,000/CD ]
from/IN 
[ 719,000/CD ]
in/IN 
[ August/NNP ]
./. 

[ The/DT declines/NNS ]
were/VBD particularly/RB pronounced/VBN in/IN 
[ the/DT Northeast/NNP ]
and/CC in/IN 
[ the/DT South/NNP ]
,/, where/WRB 
[ Hurricane/NNP Hugo/NNP ]
was/VBD 
[ a/DT factor/NN ]
./. 

======================================

Although/IN 
[ September/NNP 's/POS weakness/NN ]
followed/VBD 
[ two/CD strong/JJ months/NNS ]
for/IN 
[ home/NN sales/NNS ]
,/, 
[ the/DT decline/NN ]
supports/VBZ 
[ other/JJ indications/NNS ]
that/IN 
[ the/DT drop/NN ]
in/IN 
[ mortgage/NN rates/NNS ]
earlier/RBR 
[ this/DT year/NN ]
has/VBZ had/VBN only/RB 
[ a/DT limited/JJ beneficial/JJ effect/NN ]
on/IN 
[ the/DT housing/NN market/NN ]
./. 

======================================

[ The/DT September/NNP drop/NN ]
was/VBD 
[ the/DT largest/JJS ]
since/IN 
[ a/DT 19/CD %/NN drop/NN ]
in/IN 
[ January/NNP 1982/CD ]
,/, but/CC 
[ monthly/JJ changes/NNS ]
in/IN 
[ this/DT measure/NN ]
are/VBP even/RB less/RBR reliable/JJ than/IN 
[ those/DT ]
in/IN 
[ other/JJ economic/JJ indicators/NNS ]
./. 

Because/IN 
[ the/DT figures/NNS ]
are/VBP based/VBN on/IN 
[ a/DT small/JJ sample/NN ]
,/, 
[ the/DT department/NN ]
said/VBD 
[ it/PRP ]
is/VBZ 
[ 90/CD %/NN confident/JJ ]
only/RB that/IN 
[ new-home/JJ sales/NNS ]
fell/VBD somewhere/RB between/IN 
[ 5/CD %/NN ]
and/CC 
[ 23/CD %/NN ]
during/IN 
[ the/DT month/NN ]
./. 

[ The/DT department/NN ]
also/RB said/VBD 
[ it/PRP ]
takes/VBZ 
[ four/CD months/NNS ]
to/TO establish/VB 
[ a/DT trend/NN ]
./. 

======================================

So/RB far/RB 
[ this/DT year/NN ]
,/, 
[ 534,000/CD ]
newly/RB built/VBN 
[ homes/NNS ]
have/VBP been/VBN sold/VBN ,/, down/RB 
[ 4.5/CD %/NN ]
from/IN 
[ the/DT like/JJ months/NNS ]
of/IN 
[ 1988/CD ]
./. 

======================================

[ The/DT index/NN ]
of/IN leading/VBG 
[ indicators/NNS ]
got/VBD 
[ a/DT major/JJ boost/NN ]
in/IN 
[ September/NNP ]
from/IN 
[ a/DT surge/NN ]
in/IN 
[ consumer/NN expectations/NNS ]
as/IN measured/VBN by/IN 
[ the/DT University/NNP ]
of/IN 
[ Michigan/NNP ]
./. 

[ This/DT measure/NN ]
had/VBD dropped/VBN sharply/RB in/IN 
[ August/NNP ]
./. 

[ The/DT Commerce/NNP Department/NNP ]
said/VBD that/IN as/IN 
[ a/DT result/NN ]
of/IN 
[ a/DT new/JJ adjustment/NN ]
to/TO 
[ the/DT formula/NN ]
used/VBN to/TO calculate/VB 
[ the/DT index/NN ]
,/, 
[ the/DT influence/NN ]
of/IN 
[ this/DT component/NN ]
has/VBZ been/VBN reduced/VBN ./. 

======================================

Of/IN 
[ the/DT 11/CD components/NNS ]
to/TO 
[ the/DT index/NN ]
,/, only/RB 
[ three/CD others/NNS ]
rose/VBD in/IN 
[ September/NNP ]
:/: 
[ the/DT money/NN supply/NN ]
,/, 
[ the/DT length/NN ]
of/IN 
[ the/DT average/JJ work/NN week/NN ]
and/CC 
[ stock/NN prices/NNS ]
./. 

======================================

[ Several/JJ components/NNS ]

[ that/WDT ]
track/VBP 
[ the/DT health/NN ]
of/IN 
[ the/DT manufacturing/VBG sector/NN ]
of/IN 
[ the/DT economy/NN ]
turned/VBD down/RB in/IN 
[ September/NNP ]
./. 

[ These/DT ]
include/VBP 
[ new/JJ orders/NNS ]
for/IN 
[ manufactured/JJ consumer/NN goods/NNS ]
,/, lead/JJ 
[ times/NNS ]
on/IN 
[ vendor/NN deliveries/NNS ]
,/, 
[ orders/NNS ]
for/IN 
[ new/JJ plant/NN ]
and/CC 
[ equipment/NN ]
,/, and/CC 
[ backlogs/NNS ]
of/IN 
[ orders/NNS ]
for/IN 
[ durable/JJ goods/NNS ]
./. 

======================================

Meanwhile/RB ,/, 
[ the/DT National/NNP Association/NNP ]
of/IN 
[ Manufacturers/NNPS ]
said/VBD yesterday/NN 
[ a/DT recent/JJ poll/NN ]
of/IN 
[ 53/CD executives/NNS ]
on/IN 
[ its/PRP$ board/NN ]
found/VBD that/IN 
[ 61/CD %/NN ]
do/VBP n't/RB expect/VB 
[ a/DT recession/NN ]
to/TO occur/VB until/IN 
[ 1991/CD ]
or/CC later/RBR ./. 

[ The/DT remainder/NN ]
expect/VBP 
[ a/DT downturn/NN ]
to/TO begin/VB sometime/RB in/IN 
======================================

Although/IN 
[ manufacturers/NNS ]
often/RB are/VBP quick/JJ to/TO call/VB for/IN 
[ lower/JJR interest/NN rates/NNS ]
,/, 
[ 60/CD %/NN ]
of/IN 
[ the/DT executives/NNS ]
said/VBD 
[ they/PRP ]
would/MD prefer/VB that/IN 
[ the/DT Fed/NNP ]
keep/VB inflation-fighting/NN as/IN 
[ its/PRP$ top/JJ priority/NN ]
even/RB if/IN 
[ that/DT ]
means/VBZ 
[ higher/JJR rates/NNS ]
./. 

[ The/DT other/JJ 40/CD %/NN ]
said/VBD 
[ the/DT Fed/NNP ]
ought/MD to/TO worry/VB 
[ less/RBR ]
about/IN 
[ inflation/NN ]
and/CC bring/VB 
[ interest/NN rates/NNS ]
down/RP ./. 

======================================

[ All/PDT the/DT figures/NNS ]
are/VBP adjusted/VBN to/TO remove/VB 
[ usual/JJ seasonal/JJ patterns/NNS ]
./. 

======================================

Here/RB are/VBP 
[ the/DT net/JJ contributions/NNS ]
of/IN 
[ the/DT components/NNS ]
of/IN 
[ the/DT Commerce/NNP Department/NNP 's/POS index/NN ]
of/IN leading/VBG 
[ indicators/NNS ]
./. 

After/IN 
[ various/JJ adjustments/NNS ]
,/, 
[ they/PRP ]
produced/VBD 
[ a/DT 0.5/CD %/NN rise/NN ]
in/IN 
[ the/DT index/NN ]
for/IN 
[ August/NNP ]
and/CC 
[ a/DT 0.2/CD %/NN rise/NN ]
for/IN 
[ September/NNP ]
./. 

[ September/NNP ]
,/, and/CC 
[ the/DT change/NN ]
from/IN 
[ August/NNP ]
,/, are/VBP :/: from/IN 
[ 1.11/CD ]
in/IN 
[ the/DT previous/JJ month/NN ]
./. 



======================================

[ Boston/NNP Edison/NNP Co./NNP ]
said/VBD 
[ it/PRP ]
will/MD take/VB 
[ a/DT ]
previously/RB reported/VBN 
[ $/$ 60/CD million/CD charge/NN ]
against/IN 
[ earnings/NNS ]
in/IN 
[ the/DT fourth/JJ quarter/NN ]
./. 

======================================

[ The/DT charge/NN ]
resulted/VBD from/IN 
[ a/DT settlement/NN ]
approved/VBN yesterday/NN by/IN 
[ the/DT Massachusetts/NNP Department/NNP ]
of/IN 
[ Public/NNP Utilities/NNPS ]
./. 

As/IN expected/VBN ,/, 
[ the/DT settlement/NN ]
limits/VBZ 
[ rate/NN ]
increases/NNS for/IN 
[ three/CD years/NNS ]
and/CC ties/VBZ 
[ future/JJ charges/NNS ]
to/TO 
[ customers/NNS ]
for/IN 
[ operation/NN ]
of/IN 
[ the/DT troubled/JJ Pilgrim/NNP Nuclear/NNP Power/NNP Station/NNP ]
to/TO 
[ that/DT plant/NN 's/POS performance/NN ]
./. 

======================================

In/IN 
[ its/PRP$ order/NN ]
,/, 
[ the/DT state/NN regulatory/JJ agency/NN ]
said/VBD 
[ the/DT company/NN ]
``/`` must/MD be/VB held/VBN accountable/JJ for/IN 
[ the/DT mistakes/NNS ]
made/VBN in/IN 
[ the/DT management/NN ]
of/IN 
[ the/DT plant/NN 's/POS operation/NN ]
./. 

''/'' 
[ Pilgrim/NNP ]
had/VBD been/VBN closed/JJ for/IN 
[ 32/CD months/NNS ]
./. 



======================================

[ The/DT average/JJ interest/NN rate/NN ]
rose/VBD to/TO 
[ 8.3875/CD %/NN ]
at/IN 
[ Citicorp/NNP 's/POS $/$ 50/CD million/CD weekly/JJ auction/NN ]
of/IN 
[ 91-day/JJ commercial/JJ paper/NN ]
,/, or/CC 
[ corporate/JJ IOUs/NNS ]
,/, from/IN 
[ 8.337/CD %/NN ]
at/IN 
[ last/JJ week/NN 's/POS sale/NN ]
./. 

======================================

[ Bids/NNS ]
totaling/VBG 
[ $/$ 515/CD million/CD ]
were/VBD submitted/VBN ./. 

Accepted/JJ 
[ bids/NNS ]
ranged/VBD from/IN 
[ 8.38/CD %/NN ]
to/TO 
[ 8.395/CD %/NN ]
./. 

======================================

[ Citicorp/NNP ]
also/RB said/VBD that/IN 
[ the/DT average/JJ rate/NN ]
rose/VBD to/TO 
[ 8.0087/CD %/NN ]
at/IN 
[ its/PRP$ $/$ 50/CD million/CD auction/NN ]
of/IN 
[ 182-day/JJ commercial/JJ paper/NN ]
from/IN 
[ 7.962/CD %/NN ]
at/IN 
[ last/JJ week/NN 's/POS sale/NN ]
./. 

======================================

[ Bids/NNS ]
totaling/VBG 
[ $/$ 475/CD million/CD ]
were/VBD submitted/VBN ./. 

Accepted/JJ 
[ bids/NNS ]
ranged/VBD from/IN 
[ 8/CD %/NN ]
to/TO 
[ 8.019/CD %/NN ]
./. 

[ The/DT bank/NN holding/NN company/NN ]
will/MD auction/VB 
[ another/DT $/$ 50/CD million/CD ]
in/IN 
[ each/DT maturity/NN ]
next/IN 
[ Tuesday/NNP ]
./. 



======================================

[ An/DT imaginative/JJ novelist/NN ]
writing/VBG 
[ a/DT thriller/NN ]
about/IN 
[ amateur/JJ spy-chasing/NN ]
might/MD invent/VB 
[ a/DT Clifford/NNP Stoll/NNP ]
,/, but/CC 
[ it/PRP ]
's/VBZ unlikely/JJ ./. 

[ It/PRP ]
's/VBZ also/RB unnecessary/JJ ./. 

[ Amateur/JJ spy-chaser/NN Clifford/NNP Stoll/NNP ]
is/VBZ 
[ a/DT real/JJ person/NN ]
,/, or/CC as/IN 
[ he/PRP ]
might/MD waggishly/RB put/VB 
[ it/PRP ]
,/, 
[ a/DT surreal/JJ person/NN ]
./. 

======================================

[ He/PRP ]
is/VBZ 
[ 37/CD ]
,/, 
[ an/DT astronomer/NN ]
with/IN 
[ impressive/JJ credentials/NNS ]
,/, and/CC 
[ something/NN ]
of/IN 
[ a/DT genius/NN ]
at/IN making/VBG 
[ computers/NNS ]
do/VB 
[ his/PRP$ bidding/NN ]
./. 

[ He/PRP ]
once/RB described/VBD 
[ himself/PRP ]
as/IN 
[ a/DT ]
``/`` 
[ Berkeley/NNP Hippie/NNP ]
,/, ''/'' and/CC played/VBD 
[ the/DT role/NN ]
well/RB ;/: 
[ obligatory/JJ ragged/JJ jeans/NNS ]
,/, 
[ a/DT thicket/NN ]
of/IN 
[ long/JJ hair/NN ]
and/CC 
[ rejection/NN ]
of/IN 
[ all/DT things/NNS ]
conventional/JJ ,/, including/VBG ,/, for/IN 
[ a/DT time/NN ]
at/IN 
[ least/JJS ]
,/, 
[ formal/JJ marriage/NN ]
to/TO 
[ his/PRP$ ]
``/`` 
[ sweetheart/NN ]
,/, ''/'' 
[ Martha/NNP Matthews/NNP ]
./. 

[ He/PRP ]
also/RB is/VBZ 
[ an/DT entertaining/JJ writer/NN ]
,/, combining/VBG 
[ wisecracks/NNS ]
and/CC 
[ wordplay/NN ]
with/IN 
[ programmatic/JJ detail/NN ]
and/CC 
[ lucid/JJ explanations/NNS ]
of/IN how/WRB 
[ computers/NNS ]
work/VBP ./. 

In/IN ``/`` 
[ The/DT Cuckoo/NN 's/POS Egg/NN ]
''/'' (/( 
[ Doubleday/NNP ]
,/, 
[ 326/CD pages/NNS ]
,/, 
[ $/$ 19.95/CD ]
 )/) ,/, 
[ he/PRP ]
spins/VBZ 
[ a/DT remarkable/JJ tale/NN ]
of/IN 
[ his/PRP$ efforts/NNS ]
over/IN 
[ 18/CD months/NNS ]
to/TO catch/VB 
[ a/DT computer/NN spy/NN ]
./. 

======================================

[ The/DT result/NN last/JJ spring/NN ]
was/VBD 
[ the/DT arrest/NN ]
by/IN 
[ West/JJ German/NNP authorities/NNS ]
of/IN 
[ five/CD young/JJ West/NNPS Germans/NNPS ]
,/, accused/VBN of/IN 
[ stealing/VBG information/NN ]
from/IN 
[ computers/NNS ]
in/IN 
[ the/DT U.S./NNP ]
and/CC 
[ Europe/NNP ]
and/CC selling/VBG 
[ it/PRP ]
to/TO 
[ the/DT Soviet/NNP KGB/NNP ]
./. 

[ One/CD ]
of/IN 
[ them/PRP ]
,/, 
[ 25-year-old/JJ Markus/NNP Hess/NNP ]
of/IN 
[ Hannover/NNP ]
,/, allegedly/RB used/VBD 
[ the/DT international/JJ telecommunications/NN ]
network/NN to/TO break/VB into/IN more/JJR than/IN 
[ 30/CD high-security/JJ computers/NNS ]
in/IN 
[ the/DT U.S./NNP ]
,/, searching/VBG for/IN 
[ secrets/NNS ]
./. 

[ He/PRP ]
probably/RB did/VBD n't/RB penetrate/VB 
[ any/DT top-secret/JJ files/NNS ]
,/, but/CC 
[ the/DT KGB/NNP ]
in/IN 
[ East/NNP Berlin/NNP ]
was/VBD willing/JJ to/TO pay/VB 
[ two/CD ]
of/IN 
[ his/PRP$ associates/NNS ]
,/, 
[ Peter/NNP Carl/NNP ]
and/CC 
[ Dirk/NNP Brezinski/NNP ]
,/, 
[ $/$ 15,000/CD ]
for/IN 
[ some/DT ]
of/IN 
[ the/DT material/NN Hess/NNP ]
collected/VBD ./. 

[ They/PRP ]
promised/VBD yet/RB more/JJR for/IN really/RB 
[ good/JJ stuff/NN ]
./. 

======================================

[ Mr./NNP Stoll/NNP ]
draws/VBZ 
[ his/PRP$ title/NN ]
from/IN 
[ the/DT cuckoo/NN 's/POS habit/NN ]
of/IN laying/VBG 
[ eggs/NNS ]
in/IN 
[ the/DT nests/NNS ]
of/IN 
[ other/JJ birds/NNS ]
,/, making/VBG 
[ them/PRP ]
surrogate/JJ 
[ parents/NNS ]
./. 

[ The/DT computer/NN spy/NN ]
had/VBD discovered/VBN that/IN 
[ a/DT popular/JJ editing\/electronic/JJ mail/NN program/NN ]
called/VBN 
[ Gnu-Emacs/NNP ]
could/MD do/VB 
[ tricks/NNS ]
with/IN 
[ the/DT ]
widely/RB used/JJ 
[ Unix/NNP operating/VBG system/NN ]
created/VBN by/IN AT&T/NNP
./. 

Using/VBG 
[ Gnu-Emacs/NNP ]
,/, 
[ the/DT spy/NN ]
could/MD substitute/VB 
[ a/DT bogus/JJ ]
``/`` 
[ atrun/JJ ]
''/'' 
[ program/NN ]
for/IN 
[ the/DT one/NN ]

[ that/WDT ]
routinely/RB cleans/VBZ up/RP 
[ the/DT Unix/NNP system/NN ]

[ every/DT five/CD minutes/NNS ]
./. 

Once/RB 
[ his/PRP$ cuckoo/NN 's/POS egg/NN ]
was/VBD laid/VBN ,/, 
[ he/PRP ]
could/MD enter/VB 
[ Unix/NNP ]
and/CC become/VB 
[ a/DT ]
``/`` 
[ super-user/NN ]
,/, ''/'' with/IN 
[ access/NN ]
to/TO 
[ everything/NN ]
./. 

======================================

[ Mr./NNP Stoll/NNP ]
was/VBD scanning/VBG 
[ the/DT heavens/NNS ]
at/IN 
[ the/DT Keck/NNP observatory/NN ]
of/IN 
[ the/DT Lawrence/NNP Berkeley/NNP Laboratory/NNP ]
in/IN 
[ 1986/CD ]
when/WRB 
[ his/PRP$ grant/NN ]
ran/VBD low/RB and/CC 
[ he/PRP ]
was/VBD asked/VBN to/TO switch/VB to/TO helping/VBG run/VB 
[ the/DT lab/NN 's/POS computers/NNS ]
./. 

[ He/PRP ]
discovered/VBD 
[ a/DT 75-cent/JJ discrepancy/NN ]
in/IN 
[ the/DT charges/NNS ]
made/VBN to/TO 
[ various/JJ departments/NNS ]
for/IN 
[ computer/NN time/NN ]
and/CC traced/VBD 
[ it/PRP ]
to/TO 
[ a/DT user/NN ]
named/VBN ``/`` 
[ Hunter/NNP ]
,/, ''/'' 
[ who/WP ]
had/VBD 
[ no/DT valid/JJ billing/NN address/NN ]
./. 

[ Mr./NNP Stoll/NNP ]
suspected/VBD 
[ the/DT intruder/NN ]
was/VBD 
[ one/CD ]
of/IN 
[ those/DT precocious/JJ students/NNS ]

[ who/WP ]
has/VBZ 
[ fun/NN ]
breaking/VBG into/IN 
[ computers/NNS ]
./. 

======================================

But/CC after/IN 
[ much/JJ ]
tracking/NN ,/, 
[ it/PRP ]
became/VBD evident/JJ to/TO 
[ Mr./NNP Stoll/NNP ]
,/, through/IN 
[ various/JJ clues/NNS ]
,/, that/IN 
[ the/DT hacker/NN ]
was/VBD not/RB on/IN 
[ the/DT Berkeley/NNP campus/NN ]
or/CC even/RB in/IN 
[ California/NNP ]
./. 

Finding/VBG 
[ him/PRP ]
became/VBD 
[ an/DT obsession/NN ]
for/IN 
[ Mr./NNP Stoll/NNP ]
./. 

[ He/PRP ]
made/VBD 
[ a/DT midnight/NN requisition/NN ]
of/IN 
[ all/PDT the/DT printers/NNS ]

[ he/PRP ]
could/MD lay/VB 
[ hands/NNS ]
on/RB so/IN that/IN 
[ he/PRP ]
could/MD monitor/VB 
[ all/PDT the/DT telephone/NN lines/NNS ]
coming/VBG into/IN 
[ the/DT lab/NN 's/POS computers/NNS ]
./. 

After/IN discovering/VBG that/IN 
[ the/DT hacker/NN ]
had/VBD taken/VBN over/RP 
[ the/DT dormant/JJ account/NN ]
of/IN 
[ a/DT legitimate/JJ user/NN ]
named/VBN 
[ Joe/NNP Sventek/NNP ]
,/, 
[ he/PRP ]
rigged/VBD up/RP 
[ an/DT alarm/NN system/NN ]
,/, including/VBG 
[ a/DT portable/JJ beeper/NN ]
,/, to/TO alert/VB 
[ him/PRP ]
when/WRB 
[ Sventek/NNP ]
came/VBD on/IN 
[ the/DT line/NN ]
./. 

[ Some/DT nights/NNS ]

[ he/PRP ]
slept/VBD under/IN 
[ his/PRP$ desk/NN ]
./. 

[ His/PRP$ boss/NN ]
complained/VBD about/IN 
[ neglect/NN ]
of/IN 
[ other/JJ chores/NNS ]
./. 

======================================

[ The/DT hacker/NN ]
was/VBD pawing/VBG over/IN 
[ the/DT Berkeley/NNP files/NNS ]
but/CC also/RB using/VBG 
[ Berkeley/NNP ]
and/CC 
[ other/JJ ]
easily/RB 
[ accessible/JJ computers/NNS ]
as/IN stepping/JJ 
[ stones/NNS ]
to/TO 
[ the/DT network/NN ]
of/IN 
[ computers/NNS ]
used/VBN by/IN 
[ the/DT military/NN ]
and/CC 
[ national/JJ security/NN agencies/NNS ]
./. 

[ The/DT White/NNP Sands/NNPS missile/NN range/NN ]
and/CC 
[ CIA/NNP contractor/NN Mitre/NNP Inc./NNP ]
were/VBD among/IN 
[ the/DT targets/NNS ]
./. 

When/WRB 
[ the/DT hacker/NN ]
moved/VBD ,/, 
[ Mr./NNP Stoll/NNP ]
moved/VBD too/RB ,/, calling/VBG up/RP 
[ other/JJ systems/NNS managers/NNS ]
to/TO alert/VB 
[ them/PRP ]
but/CC keeping/VBG 
[ his/PRP$ own/JJ system/NN ]
open/JJ to/TO avoid/VB 
[ arousing/VBG suspicion/NN ]
./. 

Sometimes/RB ,/, if/IN 
[ the/DT hacker/NN ]
seemed/VBD to/TO be/VB into/IN 
[ a/DT sensitive/JJ ]
file/NN ,/, 
[ he/PRP ]
would/MD drag/VB 
[ his/PRP$ keychain/NN ]
across/IN 
[ the/DT terminal/NN ]
to/TO create/VB 
[ static/JJ ]
or/CC slow/VB 
[ the/DT system/NN ]
down/RP to/TO frustrate/VB 
[ his/PRP$ quarry/NN ]
./. 

======================================

[ The/DT FBI/NNP ]
initially/RB showed/VBD 
[ little/JJ interest/NN ]
,/, and/CC 
[ he/PRP ]
had/VBD 
[ the/DT impression/NN other/JJ federal/JJ security/NN agencies/NNS ]
were/VBD tangled/VBN up/RB in/IN 
[ legal/JJ red/JJ tape/NN ]
./. 

[ The/DT CIA/NNP ]
told/VBD 
[ him/PRP ]

[ it/PRP ]
does/VBZ not/RB do/VB 
[ domestic/JJ counterespionage/NN ]
./. 

[ One/PRP ]
learns/VBZ 
[ a/DT lot/NN ]
from/IN 
[ this/DT book/NN ]
,/, or/CC seems/VBZ to/TO ,/, about/IN 
[ crippling/JJ federal/JJ bureaucracy/NN ]
./. 

``/`` 
[ Seems/VBZ ]
to/TO ''/'' because/IN 
[ it/PRP ]
's/VBZ possible/JJ that/IN 
[ the/DT CIA/NNP ]
and/CC 
[ the/DT National/NNP Security/NNP Agency/NNP ]
were/VBD more/RBR interested/JJ than/IN 
[ they/PRP ]
let/VB on/RB to/TO 
[ Mr./NNP Stoll/NNP ]
./. 

======================================

Finally/RB ,/, 
[ he/PRP ]
got/VBD 
[ help/NN ]
./. 

[ Tymnet/NNP ]
is/VBZ 
[ a/DT major/JJ network/NN ]
linking/VBG 
[ computers/NNS ]
./. 

[ One/CD ]
of/IN 
[ its/PRP$ international/JJ specialists/NNS ]
,/, 
[ Steve/NNP White/NNP ]
,/, took/VBD 
[ a/DT quick/JJ interest/NN ]
in/IN 
[ Mr./NNP Stoll/NNP 's/POS hunt/NN ]
,/, ultimately/RB tracing/VBG 
[ the/DT hacker/NN ]
to/TO 
[ West/NNP Germany/NNP ]
./. 

[ The/DT West/NNPS Germans/NNPS ]
then/RB took/VBD over/RB and/CC finally/RB found/VBD 
[ Markus/NNP Hess/NNP ]
./. 

======================================

Eventually/RB ,/, 
[ Mr./NNP Stoll/NNP ]
was/VBD invited/VBN to/TO 
[ both/DT ]

[ the/DT CIA/NNP ]
and/CC 
[ NSA/NNP ]
to/TO brief/VB 
[ high-ranking/JJ officers/NNS ]
on/IN 
[ computer/NN theft/NN ]
./. 

[ He/PRP ]
savored/VBD 
[ the/DT humor/NN ]
of/IN 
[ his/PRP$ uncombed/JJ appearance/NN ]
among/IN 
[ these/DT buttoned-up/JJ chaps/NNS ]
./. 

Back/RB in/IN 
[ Berkeley/NNP ]
,/, 
[ he/PRP ]
was/VBD violently/RB scolded/VBN by/IN 
[ a/DT left-wing/JJ lady/NN friend/NN ]
for/IN consorting/VBG with/IN 
[ such/JJ people/NNS ]
./. 

[ He/PRP ]
became/VBD 
[ angry/JJ ]
in/IN 
[ return/NN ]
./. 

[ He/PRP ]
had/VBD developed/VBN 
[ a/DT hatred/NN ]
for/IN 
[ the/DT hacker/NN ]
and/CC 
[ a/DT grudging/JJ appreciation/NN ]
of/IN 
[ the/DT federal/JJ ]
``/`` 
[ spooks/NNS ]
''/'' 
[ who/WP ]
make/VBP 
[ national/JJ security/NN their/PRP$ business/NN ]
./. 

At/IN 
[ several/JJ different/JJ levels/NNS ]
,/, 
[ it/PRP ]
's/VBZ 
[ a/DT fascinating/JJ tale/NN ]
./. 

======================================

[ Mr./NNP Melloan/NNP ]
is/VBZ 
[ deputy/JJ editor/NN ]
of/IN 
[ the/DT Journal/NNP ]
./. 



======================================

[ Mips/NNP Computer/NNP Systems/NNPS Inc./NNP today/NN ]
will/MD unveil/VB 
[ a/DT new/JJ general-purpose/JJ computer/NN ]

[ that/WDT ]
will/MD compete/VB with/IN 
[ more/RBR expensive/JJ machines/NNS ]
from/IN 
[ companies/NNS ]
such/JJ as/IN 
[ Sun/NNP Microsystems/NNPS Inc./NNP ]
and/CC 
[ Digital/NNP Equipment/NNP Corp/NNP ]
./. 

======================================

[ The/DT ]
closely/RB held/JJ 
[ Sunnyvale/NNP ]
,/, 
[ Calif./NNP ]
,/, 
[ company/NN ]
also/RB will/MD announce/VB 
[ an/DT agreement/NN ]
to/TO supply/VB 
[ computers/NNS ]
to/TO 
[ Control/NNP Data/NNP Corp./NNP ]
,/, 
[ which/WDT ]
will/MD sell/VB 
[ Mips/NNP machines/NNS ]
under/IN 
[ its/PRP$ own/JJ label/NN ]
./. 

======================================

[ The/DT new/JJ Mips/NNP machine/NN ]
,/, called/VBN 
[ the/DT RC6280/NN ]
,/, will/MD cost/VB 
[ $/$ 150,000/CD ]
for/IN 
[ a/DT basic/JJ system/NN ]
./. 

[ The/DT computer/NN ]
processes/VBZ 
[ 55/CD million/CD instructions/NNS ]
per/IN 
[ second/NN ]
and/CC uses/VBZ only/RB 
[ one/CD central/JJ processing/VBG chip/NN ]
,/, unlike/IN 
[ many/JJ rival/JJ machines/NNS ]
using/VBG 
[ several/JJ processors/NNS ]
./. 

[ The/DT machine/NN ]
employs/VBZ reduced/JJ 
[ instruction-set/JJ ]
computing/NN ,/, or/CC 
[ RISC/NNP ]
,/, 
[ technology/NN ]
./. 

======================================

At/IN 
[ that/DT price/NN ]
,/, 
[ an/DT analyst/NN ]
familiar/JJ with/IN 
[ the/DT machine/NN ]
said/VBD ,/, 
[ the/DT computer/NN ]
offers/VBZ up/IN to/TO 
[ 10/CD times/NNS ]

[ the/DT performance/NN ]
of/IN 
[ similar/JJ machines/NNS ]
./. 

``/`` In/IN 
[ the/DT price/NN range/NN ]

[ it/PRP ]
's/VBZ 
[ a/DT ]
tremendously/RB 
[ high-performing/JJ product/NN ]
,/, ''/'' said/VBD 
[ Sandy/NNP Gant/NNP ]
,/, 
[ an/DT analyst/NN ]
at/IN 
[ the/DT market-research/JJ firm/NN InfoCorp/NNP ]
./. 

======================================

[ The/DT machine/NN ]
is/VBZ 
[ part/NN ]
of/IN 
[ an/DT effort/NN ]
by/IN 
[ Mips/NNP ]
to/TO establish/VB 
[ itself/PRP ]
as/IN 
[ a/DT supplier/NN ]
of/IN 
[ computers/NNS ]
,/, not/RB just/RB of/IN 
[ integrated-circuit/JJ technology/NN ]
./. 

[ Mips/NNP ]
also/RB wants/VBZ to/TO wedge/VB into/IN 
[ markets/NNS ]
other/JJ than/IN 
[ traditional/JJ RISC/NNP applications/NNS ]
such/JJ as/IN engineering/NN ;/: 
[ Mips/NNP ]
said/VBD 
[ the/DT new/JJ machine/NN ]
will/MD also/RB be/VB used/VBN by/IN 
[ businesses/NNS ]
and/CC for/IN 
[ communications/NNS ]
./. 

``/`` 
[ This/DT ]
clearly/RB demonstrates/VBZ that/IN 
[ Mips/NNP ]
is/VBZ 
[ a/DT systems/NNS company/NN ]
rather/RB than/IN just/RB 
[ a/DT chip/NN company/NN ]
,/, ''/'' said/VBD 
[ Mips/NNP Vice/NNP President/NNP John/NNP Hime/NNP ]
./. 

======================================

[ The/DT Control/NNP Data/NNP deal/NN ]
is/VBZ 
[ a/DT boon/NN ]
for/IN 
[ Mips/NNP ]
because/IN 
[ it/PRP ]
gives/VBZ 
[ the/DT ]

[ the/DT five-year-old/JJ company/NN one/CD more/JJR ally/NN ]
as/IN 
[ it/PRP ]
battles/VBZ more/RBR established/JJ 
[ electronic/JJ concerns/NNS ]
such/JJ as/IN 
[ Sun/NNP ]
,/, 
[ Hewlett-Packard/NNP Co./NNP ]
,/, 
[ Motorola/NNP Inc./NNP ]
and/CC 
[ Intel/NNP Corp./NNP ]
for/IN 
[ the/DT emerging/VBG market/NN ]
for/IN 
[ RISC/NNP machines/NNS ]
./. 

[ RISC/NNP technology/NN speeds/VBZ ]
up/RP 
[ a/DT computer/NN ]
by/IN simplifying/VBG 
[ the/DT internal/JJ software/NN ]
./. 

======================================

For/IN 
[ Mips/NNP ]
,/, 
[ which/WDT ]
expects/VBZ 
[ revenue/NN ]
of/IN 
[ $/$ 100/CD million/CD this/DT year/NN ]
,/, 
[ big-name/JJ allies/NNS ]
such/JJ as/IN 
[ Control/NNP Data/NNP ]
are/VBP essential/JJ to/TO attract/VB 
[ software/NN developers/NNS ]
to/TO 
[ the/DT company/NN 's/POS RISC/NNP architecture/NN ]
./. 

``/`` 
[ The/DT thing/NN ]

[ it/PRP ]
says/VBZ about/IN 
[ Mips/NNP ]
is/VBZ that/IN 
[ they/PRP ]
're/VBP on/IN 
[ a/DT roll/NN ]
right/RB now/RB ,/, ''/'' said/VBD 
[ Ms./NNP Gant/NNP ]
at/IN 
[ InfoCorp/NNP ]
./. 

``/`` 
[ They/PRP ]
're/VBP getting/VBG 
[ some/DT major/JJ wins/NNS ]
,/, ''/'' 
[ she/PRP ]
added/VBD ./. 

======================================

[ Last/JJ month/NN ]
,/, for/IN 
[ example/NN ]
,/, 
[ Mips/NNP ]
agreed/VBD to/TO supply/VB 
[ its/PRP$ computers/NNS ]
to/TO 
[ Nixdorf/NNP Computer/NNP AG/NNP ]
of/IN 
[ West/NNP Germany/NNP ]
and/CC 
[ France/NNP 's/POS Groupe/NNP Bull/NNP ]
./. 

[ Sony/NNP Corp./NNP ]
,/, 
[ Tandem/NNP Computers/NNPS Inc./NNP ]
and/CC 
[ Digital/NNP Equipment/NNP ]
have/VBP agreed/VBN to/TO sell/VB 
[ MIPS/NNP computers/NNS ]
and/CC 
[ companies/NNS ]
such/JJ as/IN 
[ Japan/NNP 's/POS NEC/NNP Corp./NNP ]
and/CC 
[ West/NNP Germany/NNP 's/POS Siemens/NNP A.G./NNP ]
have/VBP agreed/VBN to/TO make/VB 
[ Mips/NNP chips/NNS ]
under/IN 
[ license/NN ]
./. 

======================================

[ Today/NN 's/POS agreement/NN ]
gives/VBZ 
[ Control/NNP Data/NNP ]

[ a/DT machine/NN ]
to/TO compete/VB against/IN 
[ Digital/NNP ]
and/CC 
[ other/JJ general-purpose/JJ computer/NN makers/NNS ]
,/, said/VBD 
[ John/NNP Logan/NNP ]
,/, 
[ a/DT computer-market/JJ analyst/NN ]
at/IN 
[ Aberdeen/NNP Group/NNP Inc./NNP ]
of/IN 
[ Boston/NNP ]
./. 

[ The/DT machine/NN ]
is/VBZ essentially/RB 
[ a/DT mainframe/NN computer/NN ]
,/, 
[ he/PRP ]
said/VBD ./. 

``/`` Suddenly/RB 
[ CDC/NNP ]
 (/( 
[ Control/NNP Data/NNP ]
 )/) has/VBZ 
[ a/DT competitive/JJ product/NN ]
to/TO fight/VB back/RB against/IN 
[ the/DT VAX9000/NN ]
,/, ''/'' 
[ a/DT machine/NN Digital/NNP ]
announced/VBD 
[ last/JJ month/NN ]
,/, 
[ he/PRP ]
added/VBD ./. 

======================================

[ Control/NNP Data/NNP ]
,/, based/VBN in/IN 
[ Minneapolis/NNP ]
,/, 
[ Minn./NNP ]
,/, expects/VBZ 
[ its/PRP$ sales/NNS ]
of/IN 
[ Mips/NNP systems/NNS ]
,/, including/VBG 
[ the/DT new/JJ RC6280/NN ]
,/, to/TO amount/VB to/TO more/JJR than/IN 
[ $/$ 100/CD million/CD ]
by/IN 
[ the/DT end/NN ]
of/IN 
[ 1991/CD ]
,/, 
[ Mips/NNP ]
said/VBD ./. 

[ Nixdorf/NNP ]
,/, 
[ Bull/NNP ]
and/CC 
[ others/NNS ]
will/MD also/RB sell/VB 
[ versions/NNS ]
of/IN 
[ the/DT machine/NN ]
,/, said/VBD 
[ Mips/NNP President/NNP Robert/NNP Miller/NNP ]
./. 

======================================

[ Mips/NNP ]
will/MD start/VB shipping/VBG 
[ its/PRP$ new/JJ machine/NN ]
in/IN 
[ the/DT first/JJ quarter/NN ]
of/IN 
[ 1990/CD ]
,/, 
[ he/PRP ]
said/VBD ./. 

[ The/DT machine/NN ]
uses/VBZ 
[ a/DT single/JJ processor/NN ]
,/, 
[ which/WDT ]
makes/VBZ 
[ it/PRP ]
easier/JJR to/TO program/VB than/IN competing/VBG 
[ machines/NNS ]
using/VBG 
[ several/JJ processors/NNS ]
./. 

[ The/DT computer/NN ]
can/MD process/VB 
[ 13.3/CD million/CD calculations/NNS ]
called/VBD 
[ floating-point/JJ operations/NNS ]

[ every/DT second/NN ]
./. 

[ The/DT machine/NN ]
can/MD run/VB 
[ software/NN ]
written/VBN for/IN 
[ other/JJ Mips/NNP computers/NNS ]
,/, 
[ the/DT company/NN ]
said/VBD ./. 



======================================

[ Another/DT fight/NN ]
is/VBZ brewing/VBG between/IN 
[ Congress/NNP ]
and/CC 
[ the/DT Bush/NNP administration/NN ]
over/IN how/WRB to/TO pay/VB for/IN 
[ the/DT savings-and-loan/NN bailout/NN ]
without/IN adding/VBG to/TO 
[ the/DT federal/JJ budget/NN deficit/NN ]
./. 

======================================

In/IN 
[ a/DT hearing/NN ]
before/IN 
[ the/DT House/NNP Ways/NNPS ]
and/CC 
[ Means/NNPS Committee/NNP ]
,/, 
[ the/DT General/NNP Accounting/NNP Office/NNP ]
and/CC 
[ the/DT Congressional/NNP Budget/NNP Office/NNP ]
,/, 
[ which/WDT ]

[ both/DT ]
are/VBP 
[ arms/NNS ]
of/IN 
[ Congress/NNP ]
,/, advised/VBD 
[ the/DT new/JJ S&L/NN bailout/NN agency/NN ]
to/TO abandon/VB 
[ plans/NNS ]
to/TO raise/VB 
[ temporary/JJ working/JJ capital/NN ]
through/IN 
[ debt/NN ]
issued/VBN from/IN 
[ an/DT agency/NN ]

[ that/WDT ]
would/MD n't/RB be/VB counted/VBN on/IN 
[ the/DT federal/JJ budget/NN ]
./. 

======================================

[ Officials/NNS ]
of/IN 
[ the/DT Resolution/NNP Trust/NNP Corp./NNP ]
have/VBP said/VBN privately/RB that/IN 
[ such/PDT a/DT plan/NN ]
was/VBD 
[ the/DT most/RBS likely/JJ alternative/NN ]
to/TO raise/VB 
[ short-term/JJ cash/NN ]
for/IN 
[ the/DT bailout/NN ]
./. 

======================================

Instead/RB ,/, 
[ the/DT GAO/NNP ]
and/CC 
[ the/DT Congressional/NNP Budget/NNP Office/NNP ]
said/VBD ,/, 
[ the/DT RTC/NNP ]
should/MD consider/VB 
[ using/VBG Treasury/NNP debt/NN ]
,/, 
[ which/WDT ]
is/VBZ less/RBR expensive/JJ and/CC 
[ subject/JJ ]
to/TO 
[ oversight/NN ]
by/IN 
[ Congress/NNP ]
./. 

[ The/DT spending/NN ]
could/MD be/VB exempted/VBN from/IN 
[ meeting/VBG deficit-reduction/JJ targets/NNS ]
in/IN 
[ the/DT Gramm-Rudman/NNP budget/NN law/NN ]
./. 

======================================

[ The/DT RTC/NNP ]
has/VBZ projected/VBN that/IN 
[ it/PRP ]
will/MD require/VB between/IN 
[ $/$ 50/CD billion/CD ]
to/TO 
[ $/$ 100/CD billion/CD ]
in/IN 
[ temporary/JJ working/JJ capital/NN ]
./. 

[ The/DT borrowing/NN ]
to/TO raise/VB 
[ these/DT funds/NNS ]
would/MD be/VB paid/VBN off/RB as/IN 
[ assets/NNS ]
of/IN 
[ sick/JJ thrifts/NNS ]
are/VBP sold/VBN ./. 

[ The/DT new/JJ S&L/NN law/NN ]
allows/VBZ 
[ the/DT RTC/NNP ]
to/TO issue/VB 
[ notes/NNS ]
for/IN as/RB much/JJ as/IN 
[ 85/CD %/NN ]
of/IN 
[ the/DT value/NN ]
of/IN 
[ the/DT assets/NNS ]

[ it/PRP ]
holds/VBZ ./. 

======================================

But/CC 
[ higher/JJR interest/NN rates/NNS ]
paid/VBN on/IN 
[ off-budget/JJ debt/NN ]
could/MD add/VB 
[ billions/NNS ]
to/TO 
[ the/DT bailout/NN ]
costs/NNS ,/, and/CC would/MD n't/RB be/VB subject/JJ to/TO 
[ congressional/JJ scrutiny/NN ]
,/, 
[ Ways/NNPS ]
and/CC 
[ Means/NNPS members/NNS ]
argued/VBD ./. 

``/`` To/TO allow/VB 
[ this/DT massive/JJ level/NN ]
of/IN 
[ unfettered/JJ federal/JJ borrowing/NN ]
without/IN 
[ prior/JJ congressional/JJ approval/NN ]
would/MD be/VB irresponsible/JJ ,/, ''/'' said/VBD 
[ Rep./NNP Fortney/NNP Stark/NNP ]
 (/( 
[ D./NNP ]
,/, 
[ Calif./NNP ]
 )/) ,/, 
[ who/WP ]
has/VBZ introduced/VBN 
[ a/DT bill/NN ]
to/TO limit/VB 
[ the/DT RTC/NNP 's/POS authority/NN ]
to/TO issue/VB 
[ debt/NN ]
./. 

======================================

[ The/DT RTC/NNP ]
will/MD have/VB to/TO sell/VB or/CC merge/VB 
[ hundreds/NNS ]
of/IN 
[ insolvent/JJ thrifts/NNS ]
over/IN 
[ the/DT next/JJ three/CD years/NNS ]
./. 

[ The/DT new/JJ S&L/NN bailout/NN law/NN ]
allows/VBZ 
[ $/$ 50/CD billion/CD ]
to/TO be/VB spent/VBN to/TO sell/VB or/CC merge/VB 
[ sick/JJ S&Ls/NNS ]
and/CC 
[ their/PRP$ assets/NNS ]
,/, but/CC 
[ that/DT ]
is/VBZ 
[ a/DT net/JJ cost/NN ]
./. 

In/IN 
[ the/DT meantime/NN ]
,/, 
[ the/DT agency/NN ]
must/MD raise/VB 
[ cash/NN ]
to/TO maintain/VB 
[ assets/NNS ]
,/, such/JJ as/IN 
[ real/JJ estate/NN ]
,/, until/IN 
[ they/PRP ]
can/MD be/VB sold/VBN ./. 

Then/RB 
[ the/DT short-term/JJ debt/NN ]
is/VBZ paid/VBN off/RB through/IN 
[ the/DT proceeds/NNS ]
of/IN selling/VBG 
[ the/DT assets/NNS ]
./. 

======================================

[ David/NNP Mullins/NNP ]
,/, 
[ assistant/NN secretary/NN ]
of/IN 
[ the/DT Treasury/NNP ]
,/, said/VBD that/IN 
[ the/DT working/JJ capital/NN ]
is/VBZ necessary/JJ to/TO reduce/VB 
[ the/DT final/JJ costs/NNS ]
of/IN 
[ the/DT bailout/NN ]
,/, by/IN allowing/VBG 
[ the/DT agency/NN ]
to/TO sell/VB 
[ savings/NNS ]
and/CC 
[ loans/NNS ]
without/IN 
[ their/PRP$ bad/JJ assets/NNS ]
,/, then/RB hold/VB 
[ the/DT assets/NNS ]
until/IN 
[ they/PRP ]
can/MD be/VB sold/VBN under/IN 
[ favorable/JJ conditions/NNS ]
./. 

======================================

[ He/PRP ]
said/VBD 
[ it/PRP ]
has/VBZ n't/RB yet/RB been/VBN determined/VBN how/WRB 
[ the/DT RTC/NNP ]
will/MD raise/VB 
[ the/DT cash/NN ]
,/, but/CC 
[ the/DT administration/NN ]
does/VBZ n't/RB want/VB 
[ it/PRP ]
to/TO be/VB included/VBN on/IN 
[ the/DT federal/JJ budget/NN ]
,/, because/IN 
[ it/PRP ]
would/MD ``/`` distort/VB ''/'' 
[ the/DT budget/NN process/NN ]
by/IN requiring/VBG either/CC 
[ exemptions/NNS ]
from/IN 
[ Gramm-Rudman/NNP ]
or/CC 
[ big/JJ increases/NNS ]
in/IN 
[ the/DT budget/NN deficit/NN ]
./. 

======================================

But/CC 
[ the/DT worst/JJS possibility/NN ]
would/MD be/VB raising/VBG 
[ no/DT working/JJ capital/NN ]
,/, 
[ he/PRP ]
said/VBD ./. 

``/`` If/IN working/JJ 
[ capital/NN financing/NN ]
is/VBZ not/RB provided/VBN ,/, ''/'' 
[ he/PRP ]
said/VBD ,/, ``/`` 
[ the/DT RTC/NNP ]
may/MD have/VB to/TO slow/VB {/( 
[ S&L/NN sales/NNS ]
 }/) or/CC dump/VB acquired/VBN 
[ assets/NNS ]
through/IN 
[ fire/NN sales/NNS ]
./. 

''/''
======================================



======================================

[ Panhandle/NNP Eastern/NNP Corp./NNP ]
said/VBD 
[ it/PRP ]
applied/VBD ,/, on/IN 
[ behalf/NN ]
of/IN 
[ two/CD ]
of/IN 
[ its/PRP$ subsidiaries/NNS ]
,/, to/TO 
[ the/DT Federal/NNP Energy/NNP Regulatory/NNP Commission/NNP ]
for/IN 
[ permission/NN ]
to/TO build/VB 
[ a/DT 352-mile/JJ ]
,/, 
[ $/$ 273/CD million/CD pipeline/NN system/NN ]
from/IN 
[ Pittsburg/NNP County/NNP ]
,/, 
[ Okla./NNP ]
,/, to/TO 
[ Independence/NNP ]
,/, 
[ Miss/NNP ]
./. 

======================================

[ The/DT natural/JJ gas/NN pipeline/NN concern/NN ]
said/VBD 
[ the/DT 500/CD million/CD cubic/JJ feet/NNS ]

[ a/DT day/NN capacity/NN pipeline/NN ]
would/MD be/VB built/VBN by/IN 
[ a/DT proposed/VBN joint/NN venture/NN ]
between/IN 
[ two/CD Panhandle/NNP Eastern/NNP units/NNS -/: Texas/NNP Eastern/NNP Transmission/NNP Corp./NNP ]
and/CC 
[ Trunkline/NNP Gas/NNP Co/NNP ]
./. 

[ Texas/NNP Eastern/NNP Transmission/NNP ]
will/MD build/VB and/CC operate/VB 
[ the/DT system/NN ]
,/, 
[ which/WDT ]
will/MD connect/VB 
[ the/DT Arkoma/NNP Basin/NNP ]
with/IN 
[ several/JJ interstate/JJ pipelines/NNS ]
./. 



======================================

Now/RB was/VBD that/IN 
[ a/DT quarter/NN cup/NN ]
or/CC 
[ a/DT half/JJ cup/NN ]
?/. 

======================================

Not/RB 
[ a/DT gripping/JJ question/NN ]
,/, unless/IN 
[ you/PRP ]
're/VBP 
[ the/DT pastry/NN chef/NN ]
of/IN 
[ this/DT city/NN 's/POS Chez/NNP Panisse/NNP restaurant/NN ]
and/CC 
[ you/PRP ]
've/VBP just/RB lost/VBN 
[ your/PRP$ priceless/JJ personal/JJ dessert/NN notebook/NN ]
./. 

======================================

[ Chez/NNP Panisse/NNP ]
was/VBD listed/VBN among/IN 
[ the/DT top/JJ 30/CD restaurants/NNS ]
in/IN 
[ the/DT world/NN ]

[ this/DT year/NN ]
by/IN 
[ Connoisseur/NNP magazine/NN ]
./. 

[ The/DT tattered/JJ black/JJ binder/NN ]
,/, bulging/VBG with/IN 
[ 18/CD years/NNS '/POS worth/NN ]
of/IN 
[ recipes/NNS ]
held/VBN together/RB by/IN 
[ rubber/NN bands/NNS ]
,/, was/VBD in/IN 
[ chef/NN Lindsey/NNP Shere/NNP 's/POS purse/NN ]
when/WRB 
[ it/PRP ]
was/VBD stolen/VBN from/IN 
[ her/PRP$ house/NN ]
recently/RB ./. 

======================================

[ The/DT Berkeley/NNP police/NNS ]
do/VBP n't/RB have/VB 
[ any/DT leads/NNS ]
but/CC doubt/VB 
[ the/DT crime/NN ]
was/VBD driven/VBN by/IN 
[ a/DT passion/NN ]
for/IN 
[ sweets/NNS ]
./. 

Instead/RB ,/, 
[ they/PRP ]
figure/VBP 
[ the/DT culprit/NN ]
probably/RB took/VBD 
[ money/NN ]
from/IN 
[ Ms./NNP Shere/NNP 's/POS wallet/NN ]
and/CC discarded/VBD 
[ all/PDT the/DT tips/NNS ]
in/IN 
[ the/DT five-by-eight-inch/JJ looseleaf/NN ]
./. 

======================================

[ Chez/NNP Panisse/NNP ]
,/, 
[ whose/WP$ founder/NN ]
,/, 
[ Alice/NNP Waters/NNP ]
,/, is/VBZ considered/VBN 
[ the/DT inventor/NN ]
of/IN 
[ the/DT cooking/JJ style/NN ]
known/VBN as/IN 
[ California/NNP cuisine/NN ]
and/CC 
[ whose/WP$ patrons/NNS ]
make/VBP 
[ reservations/NNS ]

[ a/DT month/NN ]
in/IN 
[ advance/NN ]
,/, 
[ has/VBZ n't/RB ]
exactly/RB subjected/VBN 
[ diners/NNS ]
to/TO 
[ vanilla/NN ice/NN cream/NN ]
because/IN of/IN 
[ the/DT theft/NN ]
./. 

For/IN 
[ one/CD thing/NN ]
,/, 
[ Ms./NNP Shere/NNP ]
can/MD draw/VB on/IN 
[ her/PRP ]

[ cookbook/NN ]
,/, published/VBN by/IN 
[ Random/NNP House/NNP four/CD years/NNS ]
ago/RB ,/, 
[ which/WDT ]
is/VBZ teeming/VBG with/IN 
[ recipes/NNS ]
for/IN 
[ such/JJ specialties/NNS ]
as/IN 
[ kiwi/NN sherbet/NN ]
,/, 
[ gooseberry/NN fool/NN ]
 (/( 
[ a/DT creamy/JJ dish/NN ]
made/VBN with/IN 
[ crushed/JJ stewed/JJ berries/NNS ]
 )/) and/CC 
[ hazelnut/NN ]
``/`` oeufs/FW 
[ a/FW la/FW neige/FW ]
./. 

''/'' For/IN 
[ another/DT ]
,/, 
[ sympathetic/JJ fans/NNS ]
have/VBP sent/VBN 
[ Ms./NNP Shere/NNP copies/NNS ]
of/IN 
[ her/PRP$ recipes/NNS ]
clipped/VBN from/IN 
[ magazines/NNS ]
over/IN 
[ the/DT years/NNS ]
./. 

======================================

Still/RB ,/, 
[ the/DT restaurant/NN 's/POS ever-changing/JJ menu/NN ]
of/IN 
[ five-course/JJ dinners/NNS ]
--/: 
[ it/PRP ]
supposedly/RB 
[ has/VBZ n't/RB ]
repeated/VBN 
[ a/DT meal/NN ]
since/IN opening/VBG in/IN 
[ 1971/CD ]
--/: requires/VBZ 
[ constant/JJ improvisation/NN ]
./. 

And/CC 
[ that/DT ]
puts/VBZ added/JJ 
[ pressure/NN ]
on/IN 
[ Chez/NNP Panisse/NNP dessert-menu/NN planners/NNS ]
./. 

``/`` 
[ We/PRP ]
make/VBP 
[ what/WP ]

[ we/PRP ]
know/VBP how/WRB to/TO make/VB ,/, ''/'' says/VBZ 
[ business/NN manager/NN Richard/NNP Mazzera/NNP ]
./. 

======================================

[ Many/JJ ]
in/IN 
[ the/DT Bay/NNP Area/NNP 's/POS pastry/NN community/NN express/VBP disbelief/NN ]
that/IN 
[ Ms./NNP Shere/NNP ]
kept/VBD only/RB 
[ one/CD copy/NN ]
of/IN 
[ such/JJ valuable/JJ notes/NNS ]
,/, but/CC 
[ she/PRP ]
has/VBZ received/VBN 
[ moral/JJ support/NN ]
from/IN 
[ Baker/NNP 's/POS Dozen/NNP ]
,/, 
[ a/DT group/NN ]
of/IN 
[ California/NNP pastry/NN chefs/NNS ]

[ that/WDT ]
meets/VBZ regularly/RB to/TO discuss/VB 
[ issues/NNS ]
like/VB how/WRB to/TO keep/VB 
[ meringues/NNS ]
from/IN weeping/VBG and/CC how/WRB 
[ bovine/JJ eating/JJ habits/NNS ]
affect/VBP 
[ butter/NN texture/NN ]
./. 

======================================

[ Ms./NNP Shere/NNP ]
has/VBZ offered/VBN 
[ a/DT $/$ 500/CD reward/NN ]
for/IN 
[ the/DT book/NN 's/POS return/NN ]
but/CC figures/VBZ 
[ she/PRP ]
'll/MD have/VB to/TO 
[ reinvent/VB many/JJ recipes/NNS ]
from/IN 
[ scratch/NN ]
./. 

``/`` 
[ It/PRP ]
's/VBZ 
[ an/DT overwhelming/JJ job/NN ]
,/, ''/'' 
[ she/PRP ]
says/VBZ ./. 

``/`` 
[ There/EX ]
are/VBP 
[ so/RB many/JJ possible/JJ proportions/NNS ]
when/WRB 
[ you/PRP ]
consider/VBP how/WRB 
[ many/JJ things/NNS ]
are/VBP made/VBN out/IN of/IN 
[ eggs/NNS ]
and/CC 
[ butter/NN ]
and/CC 
[ milk/NN ]
./. 

''/''
======================================



======================================

[ Newport/NNP Electronics/NNPS Inc./NNP ]
named/VBD 
[ a/DT new/JJ slate/NN ]
of/IN 
[ officers/NNS ]
,/, 
[ a/DT move/NN ]

[ that/WDT ]
follows/VBZ 
[ replacement/NN ]
of/IN 
[ the/DT company/NN 's/POS five/CD incumbent/JJ directors/NNS last/JJ week/NN ]
./. 

======================================

[ Milton/NNP B./NNP Hollander/NNP ]
,/, 
[ 60/CD years/NNS ]
old/JJ ,/, was/VBD named/VBN 
[ chief/JJ executive/NN officer/NN ]
,/, succeeding/VBG 
[ Barrett/NNP B./NNP Weekes/NNP ]
./. 

[ Mr./NNP Hollander/NNP 's/POS Stamford/NNP ]
,/, 
[ Conn.-based/JJ High/NNP Technology/NNP Holding/NNP Co./NNP ]
acquired/VBD most/JJS of/IN 
[ its/PRP$ 49.4/CD %/NN stake/NN ]
in/IN 
[ Newport/NNP ]
in/IN 
[ August/NNP ]
./. 

[ Mr./NNP Hollander/NNP ]
was/VBD named/VBN 
[ chairman/NN last/JJ week/NN ]
,/, succeeding/VBG 
[ Mr./NNP Weekes/NNP ]
,/, 
[ who/WP ]
was/VBD among/IN 
[ the/DT ousted/VBN directors/NNS ]
./. 

======================================

[ The/DT company/NN ]
has/VBZ declined/VBN 
[ requests/NNS ]
to/TO discuss/VB 
[ the/DT changes/NNS ]
,/, but/CC 
[ Mr./NNP Weekes/NNP ]
has/VBZ said/VBN that/IN 
[ Mr./NNP Hollander/NNP ]
wanted/VBD to/TO have/VB 
[ his/PRP$ own/JJ team/NN ]
./. 

======================================

[ Scott/NNP Wakeman/NNP ]
was/VBD named/VBN 
[ president/NN ]
and/CC 
[ chief/JJ operating/VBG officer/NN ]
of/IN 
[ U.S./NNP operations/NNS ]
,/, 
[ titles/NNS ]

[ that/WDT ]
had/VBD been/VBN held/VBN by/IN 
[ Mr./NNP Weekes/NNP ]
./. 

[ Mr./NNP Wakeman/NNP ]
was/VBD vice/NN 
[ president/NN ]
of/IN 
[ the/DT instrument/NN ]
and/CC controls/NNS 
[ division/NN ]
of/IN closely/RB held/JJ 
[ Omega/NNP Engineering/NNP Inc./NNP ]
,/, 
[ another/DT company/NN ]
controlled/VBN by/IN 
[ Mr./NNP Hollander/NNP ]
./. 

[ A/DT company/NN spokesman/NN ]
did/VBD n't/RB know/VB 
[ Mr./NNP Wakeman/NNP 's/POS age/NN ]
./. 

======================================

[ James/NNP R./NNP Lees/NNP ]
,/, 
[ 51/CD ]
,/, 
[ vice/NN president/NN ]
of/IN 
[ Newport/NNP 's/POS European/JJ operations/NNS ]
,/, was/VBD named/VBN 
[ executive/NN vice/NN president/NN ]
and/CC 
[ chief/JJ operating/VBG officer/NN ]
of/IN 
[ European/JJ operations/NNS ]
,/, assuming/VBG 
[ some/DT former/JJ duties/NNS ]
of/IN 
[ Mr./NNP Weekes/NNP ]
./. 

======================================

[ Arthur/NNP B./NNP Crozier/NNP ]
,/, 
[ 34/CD ]
,/, 
[ an/DT attorney/NN ]
,/, was/VBD named/VBN 
[ secretary/NN ]
,/, succeeding/VBG 
[ John/NNP Virtue/NNP ]
,/, 
[ who/WP ]
was/VBD 
[ another/DT ]
of/IN 
[ the/DT ousted/VBN directors/NNS ]
./. 



======================================

[ UNIFIRST/NNP Corp./NNP ]
declared/VBD 
[ a/DT 2-for-1/JJ stock/NN split/NN ]
./. 

[ The/DT Wilmington/NNP ]
,/, 
[ Mass./NNP ]
,/, 
[ garment/NN service/NN company/NN ]
also/RB boosted/VBD 
[ its/PRP$ quarterly/JJ dividend/NN 20/CD %/NN ]
to/TO 
[ three/CD cents/NNS ]

[ a/DT share/NN ]
adjusted/VBN for/IN 
[ the/DT split/NN ]
./. 

[ The/DT dividend/NN ]
had/VBD been/VBN 
[ five/CD cents/NNS ]

[ a/DT share/NN ]
./. 

[ The/DT split/NN ]
and/CC 
[ quarterly/JJ dividend/NN ]
will/MD be/VB 
[ payable/JJ Jan./NNP 3/CD ]
to/TO stock/NN of/IN 
[ record/NN Nov./NNP 16/CD ]
,/, 
[ the/DT company/NN ]
said/VBD ./. 

[ The/DT split/NN ]
will/MD raise/VB 
[ the/DT number/NN ]
of/IN 
[ shares/NNS ]
outstanding/JJ to/TO about/IN 
[ 10.2/CD million/CD ]
./. 

[ Separately/RB ]
,/, 
[ UniFirst/NNP ]
reported/VBD 
[ that/DT net/JJ income/NN ]
rose/VBD 
[ 21/CD %/NN ]
to/TO 
[ $/$ 3/CD million/CD ]
,/, or/CC 
[ 29/CD cents/NNS ]

[ a/DT share/NN ]
adjusted/VBN for/IN 
[ the/DT split/NN ]
,/, for/IN 
[ the/DT fourth/JJ quarter/NN ]
ended/VBN 
[ Aug./NNP 26/CD ]
./. 

[ A/DT year/NN ]
earlier/RB 
[ UniFirst/NNP ]
earned/VBD 
[ $/$ 2.4/CD million/CD ]
,/, or/CC 
[ 24/CD cents/NNS ]

[ a/DT share/NN ]
adjusted/VBN for/IN 
[ the/DT split/NN ]
./. 

[ Sales/NNS ]
rose/VBD to/TO 
[ $/$ 52.4/CD million/CD ]
from/IN 
[ $/$ 50.1/CD million/CD ]
./. 



======================================

[ Fibreboard/NNP Corp./NNP ]
said/VBD 
[ it/PRP ]
completed/VBD 
[ the/DT ]
previously/RB reported/JJ 
[ sale/NN ]
of/IN approximately/RB 
[ 27,500/CD acres/NNS ]
of/IN 
[ timberland/NN ]
near/IN 
[ Truckee/NNP ]
,/, 
[ Calif./NNP ]
,/, to/TO closely/RB held/JJ 
[ Sierra/NNP Pacific/NNP Industries/NNPS Corp./NNP ]
,/, 
[ Arcata/NNP ]
,/, 
[ Calif./NNP ]
,/, for/IN 
[ $/$ 32.5/CD million/CD ]
./. 

[ The/DT lumber/NN ]
,/, 
[ insulation/NN ]
and/CC 
[ fireproofing/NN concern/NN ]
said/VBD 
[ the/DT transaction/NN ]
,/, 
[ which/WDT ]
includes/VBZ 
[ a/DT swap/NN ]
of/IN 
[ other/JJ timber/NN interests/NNS ]
,/, would/MD result/VB in/IN 
[ a/DT $/$ 13.5/CD million/CD after-tax/JJ ]
gain/NN ,/, to/TO be/VB recorded/VBN in/IN 
[ the/DT fourth/JJ quarter/NN ]
./. 



======================================

[ Healthcare/NNP International/NNP Inc./NNP ]
said/VBD 
[ it/PRP ]
reached/VBD 
[ a/DT 120-day/JJ standstill/NN agreement/NN ]
with/IN 
[ its/PRP$ HealthVest/NNP affiliate/NN ]
calling/VBG for/IN 
[ Healthcare/NNP ]
to/TO pay/VB 
[ HealthVest/NNP $/$ 5/CD million/CD ]
right/RB away/RB and/CC 
[ additional/JJ amounts/NNS ]
in/IN 
[ the/DT future/NN ]
./. 

======================================

Under/IN 
[ the/DT agreement/NN ]
,/, 
[ Healthcare/NNP ]
,/, 
[ a/DT manager/NN ]
of/IN 
[ health-care/NN facilities/NNS ]
,/, said/VBD 
[ it/PRP ]
would/MD pay/VB 
[ HealthVest/NNP $/$ 3.9/CD million/CD ]
in/IN 
[ overdue/JJ rent/NN ]
and/CC 
[ mortgage/NN payments/NNS ]
and/CC repay/VB 
[ $/$ 1.1/CD million/CD ]
in/IN 
[ funds/NNS ]
that/IN 
[ HealthVest/NNP ]
advanced/VBD for/IN 
[ construction/NN work/NN ]
on/IN 
[ facilities/NNS ]
./. 

In/IN 
[ return/NN ]
,/, 
[ HealthVest/NNP ]
agreed/VBD that/IN 
[ it/PRP ]
wo/MD n't/RB exercise/VB 
[ its/PRP$ rights/NNS ]
and/CC 
[ remedies/NNS ]
against/IN 
[ Healthcare/NNP ]
during/IN 
[ the/DT 120-day/JJ period/NN ]
./. 

======================================

After/IN 
[ the/DT payment/NN ]
,/, 
[ Healthcare/NNP ]
still/RB will/MD be/VB 
[ $/$ 6.5/CD million/CD ]
in/IN 
[ arrears/NNS ]
on/IN 
[ rent/NN ]
and/CC 
[ mortgage/NN payments/NNS ]
to/TO 
[ HealthVest/NNP ]
,/, 
[ a/DT real/JJ estate/NN investment/NN trust/NN ]

[ whose/WP$ portfolio/NN ]
consists/VBZ largely/RB of/IN 
[ properties/NNS ]
operated/VBN by/IN 
[ Healthcare/NNP ]
./. 

[ Healthcare/NNP ]
has/VBZ given/VBN 
[ HealthVest/NNP ]

[ a/DT 12/CD %/NN note/NN ]
for/IN 
[ that/DT overdue/JJ amount/NN ]
,/, to/TO be/VB repaid/VBN over/IN 
[ three/CD years/NNS ]
./. 

======================================

In/IN 
[ addition/NN ]
,/, 
[ Healthcare/NNP ]
agreed/VBD to/TO make/VB 
[ monthly/JJ rent/NN ]
and/CC 
[ mortgage/NN payments/NNS ]
of/IN 
[ $/$ 2.7/CD million/CD ]
to/TO 
[ $/$ 3/CD million/CD ]
to/TO 
[ HealthVest/NNP ]
during/IN 
[ the/DT standstill/JJ period/NN ]
,/, to/TO be/VB paid/VBN when/WRB 
[ Healthcare/NNP ]
successfully/RB completes/VBZ 
[ asset/NN sales/NNS ]
./. 

Because/IN 
[ Healthcare/NNP ]
actually/RB owes/VBZ  
[ HealthVest/NNP $/$ 4.2/CD million/CD ]
in/IN 
[ rent/NN ]
and/CC 
[ mortgage/NN payments/NNS ]

[ each/DT month/NN ]
,/, 
[ the/DT amount/NN ]
due/JJ above/IN 
[ the/DT amount/NN ]
paid/VBN will/MD be/VB added/VBN to/TO 
[ the/DT three-year/JJ note/NN ]
./. 

======================================

[ The/DT funds/NNS ]
should/MD help/VB ease/VB 
[ a/DT cash/NN bind/NN ]
at/IN 
[ HealthVest/NNP ]
,/, 
[ which/WDT ]
has/VBZ been/VBN unable/JJ to/TO pay/VB 
[ its/PRP$ debts/NNS ]
because/IN 
[ Healthcare/NNP has/VBZ n't/RB ]
made/VBD 
[ complete/JJ rent/NN ]
and/CC 
[ mortgage/NN payments/NNS ]
since/IN 
[ July/NNP ]
./. 

[ A/DT spokesman/NN ]
said/VBD 
[ HealthVest/NNP ]
has/VBZ paid/VBN 
[ two/CD ]
of/IN 
[ the/DT three/CD banks/NNS ]

[ it/PRP ]
owed/VBD 
[ interest/NN ]
to/TO in/IN 
[ October/NNP ]
and/CC is/VBZ in/IN 
[ negotiations/NNS ]
with/IN 
[ the/DT third/JJ bank/NN ]
./. 

======================================

[ Healthcare/NNP ]
,/, 
[ which/WDT ]
has/VBZ been/VBN in/IN 
[ a/DT severe/JJ liquidity/NN bind/NN ]
,/, said/VBD 
[ it/PRP ]
is/VBZ able/JJ to/TO make/VB 
[ the/DT payments/NNS ]
because/IN 
[ it/PRP ]
completed/VBD 
[ a/DT transaction/NN ]
with/IN 
[ Greenery/NNP Rehabilitation/NNP Group/NNP Inc./NNP ]
in/IN 
[ which/WDT ]

[ Greenery/NNP ]
purchased/VBD 
[ stock/NN ]
and/CC warrants/NNS for/IN 
[ $/$ 500,000/CD ]
and/CC loaned/VBD 
[ Healthcare/NNP $/$ 9/CD million/CD ]
./. 

[ The/DT loan/NN ]
is/VBZ backed/VBN by/IN 
[ Healthcare/NNP 's/POS 5.4/CD %/NN stake/NN ]
in/IN 
[ HealthVest/NNP ]
and/CC 
[ interest/NN ]
in/IN 
[ certain/JJ facilities/NNS ]
./. 



======================================

[ I/PRP ]
was/VBD pleased/JJ to/TO note/VB 
[ that/DT your/PRP$ Oct./NNP 23/CD Centennial/NNP Journal/NNP item/NN ]
recognized/VBD 
[ the/DT money-fund/NN concept/NN ]
as/IN 
[ one/CD ]
of/IN 
[ the/DT significant/JJ events/NNS ]
of/IN 
[ the/DT past/JJ century/NN ]
./. 

Actually/RB ,/, about/IN 
[ two/CD years/NNS ]
ago/RB ,/, 
[ the/DT Journal/NNP ]
listed/VBD 
[ the/DT creation/NN ]
of/IN 
[ the/DT money/NN fund/NN ]
as/IN 
[ one/CD ]
of/IN 
[ the/DT 10/CD ]

[ most/RBS significant/JJ events/NNS ]
in/IN 
[ the/DT world/NN ]
of/IN 
[ finance/NN ]
in/IN 
[ the/DT 20th/JJ century/NN ]
./. 

But/CC 
[ the/DT Reserve/NNP Fund/NNP ]
,/, 
[ America/NNP 's/POS first/JJ money/NN fund/NN ]
,/, was/VBD not/RB named/VBN ,/, nor/CC were/VBD 
[ the/DT creators/NNS ]
of/IN 
[ the/DT money-fund/NN concept/NN ]
,/, 
[ Harry/NNP Brown/NNP ]
and/CC 
[ myself/PRP ]
./. 

[ We/PRP ]
innovated/VBD 
[ telephone/NN redemptions/NNS ]
,/, 
[ daily/JJ dividends/NNS ]
,/, 
[ total/JJ elimination/NN ]
of/IN 
[ share/NN certificates/NNS ]
and/CC 
[ the/DT constant/JJ $/$ 1/CD pershare/JJ pricing/NN ]
,/, 
[ all/DT ]
of/IN 
[ which/WDT ]
were/VBD painfully/RB thought/VBN out/RB and/CC not/RB 
[ the/DT result/NN ]
of/IN 
[ some/DT inadvertence/NN ]
on/IN 
[ the/DT part/NN ]
of/IN 
[ the/DT SEC/NNP ]
./. 

======================================

[ President/NN ]

======================================

[ The/DT Reserve/NNP Fund/NNP ]

======================================

[ New/JJ ]

[ York/NNP ]
======================================




======================================

[ The/DT crowning/JJ moment/NN ]
in/IN 
[ the/DT career/NN ]
of/IN 
[ Joseph/NNP F./NNP O'Kicki/NNP ]
came/VBD as/IN 
[ 300/CD local/JJ ]
and/CC 
[ state/NN dignitaries/NNS ]
packed/VBD into/IN 
[ his/PRP$ elegant/JJ ]
,/, 
[ marble-columned/JJ courtroom/NN ]
here/RB 
[ last/JJ year/NN ]
for/IN 
[ his/PRP$ swearing/NN ]
in/RB as/IN 
[ President/NNP Judge/NNP ]
of/IN 
[ Cambria/NNP County/NNP ]
./. 

======================================

[ Baskets/NNS ]
of/IN 
[ roses/NNS ]
and/CC 
[ potted/JJ palms/NNS ]
adorned/VBD 
[ his/PRP$ bench/NN ]
./. 

[ The/DT local/JJ American/NNP Legion/NNP color/NN guard/NN ]
led/VBD 
[ the/DT way/NN ]
./. 

As/IN 
[ the/DT judge/NN ]
marched/VBD down/IN 
[ the/DT center/JJ aisle/NN ]
in/IN 
[ his/PRP$ ]
flowing/VBG 
[ black/JJ robe/NN ]
,/, 
[ he/PRP ]
was/VBD heralded/VBN by/IN 
[ a/DT trumpet/NN fanfare/NN ]
./. 

======================================

To/TO 
[ many/JJ ]
,/, 
[ it/PRP ]
was/VBD 
[ a/DT ceremony/NN ]
more/RBR befitting/JJ 
[ a/DT king/NN ]
than/IN 
[ a/DT rural/JJ judge/NN ]
seated/VBN in/IN 
[ the/DT isolated/JJ foothills/NNS ]
of/IN 
[ the/DT southern/JJ Allegheny/NNP Mountains/NNPS ]
./. 

But/CC then/RB 
[ Judge/NNP O'Kicki/NNP ]
often/RB behaved/VBD like/IN 
[ a/DT man/NN ]

[ who/WP ]
would/MD be/VB 
[ king/NN ]
--/: and/CC ,/, 
[ some/DT ]
say/VBP ,/, 
[ an/DT arrogant/JJ ]
and/CC 
[ abusive/JJ one/NN ]
./. 

While/IN 
[ his/PRP$ case/NN ]
may/MD be/VB extreme/JJ ,/, 
[ it/PRP ]
reflects/VBZ 
[ the/DT vulnerability/NN ]
of/IN 
[ many/JJ small/JJ communities/NNS ]
to/TO 
[ domineering/JJ judges/NNS ]
./. 

======================================

[ Last/JJ March/NNP ]
,/, 
[ nine/CD months/NNS ]
after/IN 
[ the/DT judge/NN 's/POS swearing-in/NN ]
,/, 
[ the/DT state/NN attorney/NN general/NN 's/POS office/NN ]
indicted/VBD 
[ him/PRP ]
on/IN 
[ a/DT sweeping/JJ array/NN ]
of/IN 
[ charges/NNS ]
alleging/VBG more/JJR than/IN 
[ 10/CD years/NNS ]
of/IN ``/`` 
[ official/JJ oppression/NN ]
''/'' in/IN 
[ Cambria/NNP County/NNP ]
,/, 
[ a/DT depressed/JJ steel/NN ]
and/CC 
[ mining/NN community/NN ]
in/IN 
[ western/JJ Pennsylvania/NNP ]
./. 

[ The/DT allegations/NNS ]
,/, ranging/VBG from/IN 
[ theft/NN ]
and/CC 
[ bribery/NN ]
to/TO 
[ coercion/NN ]
and/CC 
[ lewdness/NN ]
,/, paint/VBP 
[ a/DT disquieting/JJ picture/NN ]
./. 

======================================

According/VBG to/TO 
[ testimony/NN ]
in/IN 
[ a/DT public/NN ]
,/, 
[ 80-page/JJ grand-jury/NN report/NN ]
handed/VBD up/RB to/TO 
[ the/DT state/NN attorney/NN general/NN ]
,/, 
[ Judge/NNP O'Kicki/NNP ]
extorted/VBD 
[ cash/NN ]
from/IN 
[ lawyers/NNS ]
,/, muscled/VBD 
[ favorable/JJ loans/NNS ]
from/IN 
[ banks/NNS ]
and/CC bullied/VBD 
[ local/JJ businesses/NNS ]
for/IN more/JJR than/IN 
[ a/DT decade/NN ]
./. 

======================================

[ Prosecutors/NNS ]
,/, in/IN 
[ an/DT indictment/NN ]
based/VBN on/IN 
[ the/DT grand/JJ jury/NN 's/POS report/NN ]
,/, maintain/VBP that/IN at/IN 
[ various/JJ times/NNS ]
since/IN 
[ 1975/CD ]
,/, 
[ he/PRP ]
owned/VBD 
[ a/DT secret/JJ ]
and/CC 
[ illegal/JJ interest/NN ]
in/IN 
[ a/DT beer/NN distributorship/NN ]
;/: plotted/VBD hidden/JJ 
[ ownership/NN interests/NNS ]
in/IN 
[ real/JJ estate/NN ]

[ that/WDT ]
presented/VBD 
[ an/DT alleged/JJ conflict/NN ]
of/IN 
[ interest/NN ]
;/: set/VBN up/RP 
[ a/DT dummy/JJ corporation/NN ]
to/TO buy/VB 
[ a/DT car/NN ]
and/CC obtain/VB 
[ insurance/NN ]
for/IN 
[ his/PRP$ former/JJ girlfriend/NN ]
 (/( now/RB 
[ his/PRP$ second/JJ wife/NN ]
 )/) ;/: and/CC maintained/VBD 
[ 54/CD accounts/NNS ]
in/IN 
[ six/CD banks/NNS ]
in/IN 
[ Cambria/NNP County/NNP ]
./. 

======================================

In/IN 
[ testimony/NN ]
recorded/VBN in/IN 
[ the/DT grand/JJ jury/NN report/NN ]
,/, 
[ court/NN employees/NNS ]
said/VBD 
[ the/DT judge/NN ]
,/, now/RB 
[ 59/CD years/NNS ]
old/JJ ,/, harassed/VBD 
[ his/PRP$ secretaries/NNS ]
,/, made/VBD 
[ imperial/JJ demands/NNS ]
on/IN 
[ his/PRP$ staff/NN ]
and/CC hounded/VBD 
[ anyone/NN ]

[ who/WP ]
crossed/VBD 
[ him/PRP ]
./. 

[ Bailiffs/NNS ]
claimed/VBD 
[ they/PRP ]
were/VBD required/VBN to/TO chauffeur/VB 
[ him/PRP ]
to/TO and/CC from/IN 
[ work/NN ]
,/, mow/VB 
[ his/PRP$ lawn/NN ]
,/, chop/VB 
[ his/PRP$ wood/NN ]
,/, fix/VB 
[ his/PRP$ car/NN ]
and/CC even/RB drop/VB by/IN 
[ his/PRP$ house/NN ]
to/TO feed/VB 
[ his/PRP$ two/CD grown/JJ mutts/NNS ]
,/, 
[ Dixie/NNP ]
and/CC 
[ Husky/NNP ]
./. 

[ One/CD former/JJ bailiff/NN ]
charged/VBD that/IN 
[ the/DT judge/NN ]
double-crossed/VBD 
[ him/PRP ]
by/IN reneging/VBG on/IN 
[ a/DT promise/NN ]
of/IN 
[ a/DT better/RBR paying/JJ job/NN ]
after/IN pocketing/VBG 
[ a/DT $/$ 500/CD bribe/NN ]
./. 

======================================

[ Some/DT ]
of/IN 
[ the/DT allegations/NNS ]
are/VBP simply/RB bizarre/JJ ./. 

[ Two/CD former/JJ secretaries/NNS ]
told/VBD 
[ the/DT grand/JJ jury/NN ]

[ they/PRP ]
were/VBD summoned/VBN to/TO 
[ the/DT judge/NN 's/POS chambers/NNS ]
on/IN 
[ separate/JJ occasions/NNS ]
to/TO take/VB 
[ dictation/NN ]
,/, only/RB to/TO find/VB 
[ the/DT judge/NN ]
in/IN 
[ his/PRP$ bikini/NN underwear/NN ]
./. 

[ One/CD secretary/NN ]
testified/VBD that/IN 
[ the/DT judge/NN ]
once/RB called/VBD 
[ her/PRP ]
to/TO 
[ his/PRP$ office/NN ]
while/IN wearing/VBG 
[ nothing/NN ]
at/IN 
[ all/DT ]
./. 

======================================

[ The/DT judge/NN ]
,/, suspended/VBN from/IN 
[ his/PRP$ bench/NN ]
pending/VBG 
[ his/PRP$ trial/NN ]
,/, 
[ which/WDT ]
began/VBD 
[ this/DT week/NN ]
,/, vehemently/RB denies/VBZ 
[ all/PDT the/DT allegations/NNS ]
against/IN 
[ him/PRP ]
,/, calling/VBG 
[ them/PRP ]
``/`` 
[ ludicrous/JJ ]
''/'' and/CC ``/`` 
[ imaginative/JJ ]
,/, 
[ political/JJ demagoguery/NN ]
./. 

''/'' 
[ He/PRP ]
blames/VBZ 
[ the/DT indictment/NN ]
on/IN 
[ local/JJ political/JJ ]
feuding/NN ,/, 
[ unhappiness/NN ]
with/IN 
[ his/PRP$ aggressive/JJ efforts/NNS ]
to/TO clear/VB 
[ the/DT courthouse/NN 's/POS docket/NN ]
and/CC 
[ a/DT vendetta/NN ]
by/IN 
[ state/NN investigators/NNS ]
and/CC 
[ prosecutors/NNS ]
angered/VBN by/IN 
[ some/DT ]
of/IN 
[ his/PRP$ rulings/NNS ]
against/IN 
[ them/PRP ]
./. 

======================================

``/`` 
[ I/PRP ]
do/VBP n't/RB know/VB 
[ whose/WP$ toes/NNS I/PRP ]
've/VBP stepped/VBN on/IN ,/, ''/'' says/VBZ 
[ the/DT judge/NN ]
./. 

``/`` 
[ I/PRP ]
'll/MD find/VB out/RB ,/, eventually/RB ,/, 
[ who/WP ]
pushed/VBD 
[ the/DT state/NN police/NN buttons/NNS ]
into/IN 
[ action/NN ]
./. 

''/'' 
======================================

Even/RB if/IN only/RB 
[ some/DT ]
of/IN 
[ the/DT allegations/NNS ]
stand/VBP up/RP ,/, however/RB ,/, 
[ they/PRP ]
provide/VBP 
[ ample/JJ testimony/NN ]
to/TO 
[ the/DT awesome/JJ power/NN ]
of/IN 
[ judges/NNS ]
in/IN 
[ rural/JJ communities/NNS ]
./. 

[ That/DT power/NN ]
can/MD sometimes/RB be/VB abused/JJ ,/, particularly/RB since/IN 
[ jurists/NNS ]
in/IN 
[ smaller/JJR jurisdictions/NNS ]
operate/VBP without/IN 
[ many/JJ ]
of/IN 
[ the/DT restraints/NNS ]

[ that/WDT ]
serve/VBP as/IN 
[ corrective/JJ measures/NNS ]
in/IN 
[ urban/JJ areas/NNS ]
./. 

======================================

[ Lawyers/NNS ]
and/CC 
[ their/PRP$ clients/NNS ]

[ who/WP ]
frequently/RB bring/VBP 
[ business/NN ]
to/TO 
[ a/DT country/NN courthouse/NN ]
can/MD expect/VB to/TO appear/VB before/IN 
[ the/DT same/JJ judge/NN year/NN ]
after/IN 
[ year/NN ]
./. 

[ Fear/NN ]
of/IN alienating/VBG 
[ that/DT judge/NN ]
is/VBZ pervasive/JJ ,/, says/VBZ 
[ Maurice/NNP Geiger/NNP ]
,/, 
[ founder/NN ]
and/CC 
[ director/NN ]
of/IN 
[ the/DT Rural/NNP Justice/NNP Center/NNP ]
in/IN 
[ Montpelier/NNP ]
,/, 
[ Vt./NNP ]
,/, 
[ a/DT public/JJ interest/NN group/NN ]

[ that/WDT ]
researches/VBZ 
[ rural/JJ justice/NN issues/NNS ]
./. 

======================================

As/IN 
[ a/DT result/NN ]
,/, says/VBZ 
[ Mr./NNP Geiger/NNP ]
,/, 
[ lawyers/NNS ]
think/VBP twice/RB before/RB appealing/VBG 
[ a/DT judge/NN 's/POS ruling/NN ]
,/, are/VBP reluctant/JJ to/TO mount/VB ,/, or/CC even/RB 
[ support/VB ]
,/, challenges/NNS against/IN 
[ him/PRP ]
for/IN 
[ re-election/NN ]
and/CC are/VBP usually/RB loath/JJ to/TO file/VB 
[ complaints/NNS ]

[ that/WDT ]
might/MD impugn/VB 
[ a/DT judge/NN 's/POS integrity/NN ]
./. 

======================================

[ Judge/NNP O'Kicki/NNP ]
,/, 
[ a/DT stern/JJ ]
and/CC 
[ forbidding-looking/JJ man/NN ]
,/, has/VBZ been/VBN 
[ a/DT fixture/NN ]
in/IN 
[ the/DT local/JJ legal/JJ community/NN ]
for/IN more/JJR than/IN 
[ two/CD decades/NNS ]
./. 

[ The/DT son/NN ]
of/IN 
[ an/DT immigrant/JJ stonemason/NN ]
of/IN 
[ Slovenian/JJ descent/NN ]
,/, 
[ he/PRP ]
was/VBD raised/VBN in/IN 
[ a/DT small/JJ borough/NN ]
outside/IN 
[ Ebensburg/NNP ]
,/, 
[ the/DT Cambria/NNP County/NNP seat/NN ]
,/, and/CC put/VBD 
[ himself/PRP ]
through/IN 
[ the/DT University/NNP ]
of/IN 
[ Pittsburgh/NNP Law/NNP School/NNP ]
./. 

[ He/PRP ]
graduated/VBD near/IN 
[ the/DT top/NN ]
of/IN 
[ his/PRP$ class/NN ]
,/, serving/VBG on/IN 
[ the/DT school/NN law/NN review/NN ]
with/IN 
[ Richard/NNP Thornburgh/NNP ]
,/, 
[ who/WP ]
went/VBD on/RB to/TO become/VB 
[ governor/NN ]
of/IN 
[ Pennsylvania/NNP ]
and/CC ,/, now/RB ,/, 
[ U.S./NNP Attorney/NNP General/NNP ]
./. 

[ It/PRP ]
was/VBD also/RB in/IN 
[ law/NN school/NN ]
that/IN 
[ Mr./NNP O'Kicki/NNP ]
and/CC 
[ his/PRP$ first/JJ wife/NN ]
had/VBD 
[ the/DT first/JJ ]
of/IN 
[ seven/CD daughters/NNS ]
./. 

[ He/PRP ]
divorced/VBD 
[ his/PRP$ first/JJ wife/NN three/CD years/NNS ]
ago/RB and/CC married/VBD 
[ the/DT daughter/NN ]
of/IN 
[ his/PRP$ court/NN clerk/NN ]
./. 

======================================

[ Last/JJ year/NN ]
,/, 
[ Pennsylvania/NNP Supreme/NNP Court/NNP Justice/NNP John/NNP P./NNP Flaherty/NNP ]
called/VBD 
[ Mr./NNP O'Kicki/NNP one/CD ]
of/IN 
[ the/DT finest/JJS judges/NNS ]
``/`` not/RB only/RB in/IN 
[ Pennsylvania/NNP ]
but/CC in/IN 
[ the/DT United/NNP States/NNPS ]
./. 

''/'' Clearly/RB ,/, 
[ the/DT judge/NN ]
has/VBZ had/VBN 
[ his/PRP$ share/NN ]
of/IN 
[ accomplishments/NNS ]
./. 

After/IN 
[ practicing/VBG law/NN ]
locally/RB ,/, 
[ he/PRP ]
was/VBD elected/VBN to/TO 
[ his/PRP$ first/JJ 10-year/JJ term/NN ]
as/IN 
[ judge/NN ]
in/IN 
[ 1971/CD ]
;/: in/IN 
[ 1981/CD ]
,/, 
[ he/PRP ]
was/VBD effectively/RB re-elected/VBN ./. 

[ Six/CD years/NNS ]
ago/RB ,/, 
[ Judge/NNP O'Kicki/NNP ]
was/VBD voted/VBN 
[ president/NN ]
of/IN 
[ the/DT Pennsylvania/NNP Conference/NNP ]
of/IN 
[ State/NNP Trial/NNP Judges/NNP ]
by/IN 
[ the/DT state/NN 's/POS 400/CD judges/NNS ]
./. 

[ He/PRP ]
has/VBZ been/VBN considered/VBN 
[ several/JJ times/NNS ]
for/IN 
[ appointments/NNS ]
to/TO 
[ federal/JJ district/NN ]
and/CC 
[ appellate/JJ court/NN vacancies/NNS ]
in/IN 
[ Pennsylvania/NNP ]
./. 

And/CC when/WRB 
[ he/PRP ]
ran/VBD unsuccessfully/RB for/IN 
[ a/DT state/NN appellate/JJ court/NN seat/NN ]
in/IN 
[ 1983/CD ]
,/, 
[ the/DT Pennsylvania/NNP Bar/NNP Association/NNP ]
rated/VBD 
[ him/PRP ]
``/`` 
[ one/CD ]
of/IN 
[ the/DT best/RBS available/JJ ]
,/, ''/'' after/IN interviewing/VBG 
[ local/JJ lawyers/NNS ]
./. 

======================================

``/`` 
[ He/PRP ]
probably/RB was/VBD 
[ the/DT smartest/JJS guy/NN ]

[ who/WP ]
ever/RB sat/VBD on/IN 
[ our/PRP$ bench/NN ]
,/, ''/'' says/VBZ 
[ a/DT former/JJ president/NN ]
of/IN 
[ Cambria/NNP County/NNP 's/POS 150-member/JJ bar/NN association/NN ]
,/, 
[ who/WP ]
,/, like/IN 
[ most/JJS lawyers/NNS ]
in/IN 
[ Cambria/NNP County/NNP ]
,/, refuses/VBZ to/TO talk/VB about/IN 
[ the/DT judge/NN ]
publicly/RB ./. 

``/`` 
[ He/PRP ]
's/VBZ sharp/JJ as/IN 
[ a/DT tack/NN ]
./. 

[ He/PRP ]
could/MD grasp/VB 
[ an/DT issue/NN ]
with/IN 
[ the/DT blink/NN ]
of/IN 
[ an/DT eye/NN ]
./. 

''/'' 
======================================

For/IN more/JJR than/IN 
[ a/DT decade/NN ]
,/, virtually/RB 
[ no/DT one/NN ]
complained/VBD about/IN 
[ Judge/NNP O'Kicki/NNP ]
./. 

``/`` 
[ What/WP ]
about/IN 
[ those/DT institutions/NNS ]

[ that/WDT ]
are/VBP supposed/VBN to/TO be/VB 
[ the/DT bedrock/NN ]
of/IN 
[ society/NN ]
,/, 
[ the/DT banks/NNS ]
and/CC 
[ the/DT bar/NN association/NN .../: ]
?/. ''/'' wrote/VBD 
[ a/DT columnist/NN ]
for/IN 
[ the/DT Tribune-Democrat/NNP ]
,/, 
[ a/DT newspaper/NN ]
in/IN 
[ nearby/JJ Johnstown/NNP ]
,/, shortly/RB after/IN 
[ the/DT scandal/NN ]
became/VBD 
[ public/JJ ]
./. 

``/`` If/IN only/RB 
[ a/DT banker/NN ]
or/CC 
[ a/DT lawyer/NN ]
had/VBD spoken/VBN out/RB 
[ years/NNS ]
ago/RB ,/, 
[ the/DT judicial/JJ process/NN ]
would/MD n't/RB be/VB under/IN 
[ the/DT taint/NN ]

[ it/PRP ]
is/VBZ 
[ today/NN ]
./. 

''/'' 
======================================

[ Officials/NNS ]
with/IN 
[ the/DT Pennsylvania/NNP Judicial/NNP Inquiry/NNP ]
and/CC 
[ Review/NNP Board/NNP ]
,/, 
[ the/DT arm/NN ]
of/IN 
[ the/DT state/NN ]

[ that/WDT ]
investigates/VBZ 
[ judicial/JJ ]
misconduct/NN ,/, counter/VBP that/IN 
[ they/PRP ]
had/VBD 
[ no/DT inkling/NN ]
of/IN 
[ anything/NN ]
amiss/JJ in/IN 
[ Ebensburg/NNP ]
./. 

``/`` 
[ Nobody/NN ]
told/VBD 
[ us/PRP ]
;/: 
[ nobody/NN ]
called/VBD 
[ us/PRP ]
,/, ''/'' says/VBZ 
[ an/DT official/JJ close/NN ]
to/TO 
[ the/DT case/NN ]

[ who/WP ]
asked/VBD not/RB to/TO be/VB named/VBN ./. 

``/`` 
[ Nobody/NN ]
had/VBD 
[ the/DT guts/NNS ]
to/TO complain/VB ./. 

''/'' 
======================================

Certainly/RB not/RB 
[ the/DT lawyers/NNS ]
./. 

[ Johnstown/NNP attorney/NN Richard/NNP J./NNP Green/NNP Jr./NNP ]
shelled/VBD out/RP 
[ $/$ 500/CD ]
in/IN 
[ loans/NNS ]
to/TO 
[ the/DT judge/NN ]
over/IN 
[ five/CD years/NNS ]
,/, 
[ he/PRP ]
said/VBD in/IN 
[ testimony/NN ]
to/TO 
[ the/DT grand/JJ jury/NN ]
./. 

``/`` 
[ The/DT judge/NN ]
never/RB made/VBD 
[ a/DT pretense/NN ]
of/IN repaying/VBG 
[ the/DT money/NN ]
,/, ''/'' said/VBD 
[ Mr./NNP Green/NNP ]
./. 

Eventually/RB ,/, 
[ Mr./NNP Green/NNP ]
testified/VBD ,/, 
[ he/PRP ]
began/VBD ducking/VBG out/RB of/IN 
[ his/PRP$ office/NN ]
rather/RB than/IN face/VB 
[ the/DT judge/NN ]
when/WRB 
[ he/PRP ]
visited/VBD ./. 

======================================

When/WRB 
[ Mr./NNP Green/NNP ]
won/VBD 
[ a/DT $/$ 240,000/CD verdict/NN ]
in/IN 
[ a/DT land/NN condemnation/NN case/NN ]
against/IN 
[ the/DT state/NN ]
in/IN 
[ June/NNP 1983/CD ]
,/, 
[ he/PRP ]
says/VBZ 
[ Judge/NNP O'Kicki/NNP ]
unexpectedly/RB awarded/VBD 
[ him/PRP ]

[ an/DT additional/JJ $/$ 100,000/CD ]
./. 

[ Mr./NNP Green/NNP ]
thought/VBD little/RB of/IN 
[ it/PRP ]
,/, 
[ he/PRP ]
told/VBD 
[ the/DT grand/JJ jury/NN ]
,/, until/IN 
[ the/DT judge/NN ]
walked/VBD up/RB to/TO 
[ him/PRP ]
after/IN 
[ the/DT courtroom/NN ]
had/VBD cleared/VBN and/CC suggested/VBD 
[ a/DT kickback/NN ]
./. 

======================================

``/`` Do/VBP n't/RB 
[ you/PRP ]
think/VB 
[ I/PRP ]
ought/MD to/TO get/VB 
[ a/DT commission/NN .../: ]
or/CC 
[ part/NN ]
of/IN 
[ your/PRP$ fee/NN ]
in/IN 
[ this/DT case/NN ]
?/. 

''/'' 
[ Mr./NNP Green/NNP ]
said/VBD 
[ the/DT judge/NN ]
asked/VBD 
[ him/PRP ]
./. 

======================================

[ Appalled/JJ ]
,/, 
[ Mr./NNP Green/NNP ]
never/RB paid/VBD 
[ the/DT money/NN ]
,/, 
[ he/PRP ]
testified/VBD ./. 

But/CC 
[ he/PRP ]
did/VBD n't/RB complain/VB to/TO 
[ the/DT state/NN 's/POS Judicial/NNP Inquiry/NNP ]
and/CC 
[ Review/NNP Board/NNP ]
,/, either/RB ,/, saying/VBG later/RBR that/IN 
[ he/PRP ]
feared/VBD 
[ retribution/NN ]
./. 

[ Mr./NNP O'Kicki/NNP ]
said/VBD 
[ he/PRP ]
will/MD respond/VB to/TO 
[ Mr./NNP Green/NNP 's/POS allegation/NN ]
at/IN 
[ his/PRP$ trial/NN ]
./. 

======================================

Like/IN 
[ most/JJS ]
of/IN 
[ Cambria/NNP County/NNP 's/POS lawyers/NNS ]
and/CC 
[ residents/NNS ]

[ who/WP ]
had/VBD 
[ dealings/NNS ]
with/IN 
[ the/DT judge/NN ]
,/, 
[ Mr./NNP Green/NNP ]
declined/VBD to/TO be/VB interviewed/VBN for/IN 
[ this/DT article/NN ]
./. 

And/CC 
[ no/DT one/NN ]
with/IN 
[ a/DT complaint/NN ]
about/IN 
[ the/DT judge/NN ]
would/MD allow/VB 
[ his/PRP$ name/NN ]
to/TO be/VB printed/VBN ./. 

======================================

``/`` 
[ I/PRP ]
do/VBP n't/RB have/VB 
[ anything/NN ]
much/JJ to/TO say/VB ,/, and/CC 
[ I/PRP ]
think/VBP 
[ that/DT ]
's/VBZ 
[ what/WP ]

[ you/PRP ]
're/VBP going/VBG to/TO find/VB from/IN 
[ everyone/NN ]
else/RB 
[ you/PRP ]
talk/VBP to/TO up/RB here/RB ,/, ''/'' says/VBZ 
[ local/JJ attorney/NN Edward/NNP F./NNP Peduzzi/NNP ]
./. 

======================================

Says/VBZ 
[ another/DT lawyer/NN ]
:/: ``/`` 
[ The/DT practice/NN ]
of/IN 
[ law/NN ]
is/VBZ 
[ a/DT matter/NN ]
of/IN biting/VBG 
[ one/PRP ]

[ 's/POS lip/NN ]
when/WRB 
[ you/PRP ]
live/VBP in/IN 
[ a/DT small/JJ community/NN ]
./. 

[ One/PRP ]
had/VBD best/RBS not/RB dance/VB on/IN 
[ top/NN ]
of/IN 
[ a/DT coffin/NN ]
until/IN 
[ the/DT lid/NN ]
is/VBZ sealed/VBN tightly/RB shut/VBN ./. 

''/'' 
======================================

[ The/DT judge/NN ]
was/VBD considered/VBN 
[ imperious/JJ ]
,/, 
[ abrasive/JJ ]
and/CC 
[ ambitious/JJ ]
,/, 
[ those/DT ]

[ who/WP ]
practiced/VBD before/IN 
[ him/PRP ]
say/VBP ./. 

[ He/PRP ]
sipped/VBD 
[ tea/NN ]
sweetened/JJ with/IN 
[ honey/NN ]
from/IN 
[ his/PRP$ high-backed/JJ leather/NN chair/NN ]
at/IN 
[ his/PRP$ bench/NN ]
,/, while/IN scribbling/VBG 
[ notes/NNS ]
ordering/VBG 
[ spectators/NNS ]
to/TO stop/VB 
[ whispering/NN ]
or/CC to/TO take/VB off/RP 
[ their/PRP$ hats/NNS ]
in/IN 
[ his/PRP$ courtroom/NN ]
./. 

[ Four/CD years/NNS ]
ago/RB ,/, 
[ he/PRP ]
jailed/VBD 
[ all/DT nine/CD members/NNS ]
of/IN 
[ the/DT Cambria/NNP County/NNP School/NNP Board/NNP ]
for/IN 
[ several/JJ hours/NNS ]
after/IN 
[ they/PRP ]
defied/VBD 
[ his/PRP$ order/NN ]
to/TO extend/VB 
[ the/DT school/NN year/NN ]
by/IN 
[ several/JJ weeks/NNS ]
to/TO make/VB up/RB for/IN 
[ time/NN ]
lost/VBN during/IN 
[ a/DT teachers/NNS '/POS strike/NN ]
./. 

======================================

[ Visitors/NNS ]
in/IN 
[ his/PRP$ chambers/NNS ]
say/VBP 
[ he/PRP ]
could/MD cite/VB precisely/RB 
[ the/DT years/NNS ]
,/, 
[ months/NNS ]
,/, 
[ weeks/NNS ]
and/CC 
[ days/NNS ]
remaining/VBG until/IN 
[ mandatory/JJ retirement/NN ]
would/MD force/VB aside/RB 
[ the/DT presiding/VBG president/NN judge/NN ]
,/, giving/VBG 
[ Judge/NNP O'Kicki/NNP ]

[ the/DT seniority/NN ]
required/VBN to/TO take/VB over/RB as/IN 
[ the/DT county/NN 's/POS top/JJ court/NN administrator/NN ]
./. 

[ The/DT judge/NN ]
,/, 
[ they/PRP ]
say/VBP ,/, was/VBD fiercely/RB proud/JJ of/IN 
[ his/PRP$ abilities/NNS ]
and/CC 
[ accomplishments/NNS ]
./. 

======================================

``/`` 
[ My/PRP$ name/NN ]
is/VBZ 
[ judge/NN ]
,/, ''/'' 
[ Judge/NNP O'Kicki/NNP ]
told/VBD 
[ a/DT car/NN salesman/NN ]
in/IN 
[ Ebensburg/NN ]
when/WRB 
[ he/PRP ]
bought/VBD 
[ a/DT new/JJ red/JJ Pontiac/NNP Sunbird/NNP ]
in/IN 
[ October/NNP 1984/CD ]
,/, according/VBG to/TO 
[ the/DT grand-jury/JJ report/NN ]
./. 

[ The/DT dealership/NN ]
dutifully/RB recorded/VBD 
[ the/DT sale/NN ]
under/IN 
[ the/DT name/NN ]
``/`` 
[ Judge/NNP O'Kicki/NNP ]
./. 

''/'' 
======================================

Yet/RB ,/, despite/IN 
[ the/DT judge/NN 's/POS imperial/JJ bearing/NN ]
,/, 
[ no/DT one/NN ]
ever/RB had/VBD 
[ reason/NN ]
to/TO suspect/VB 
[ possible/JJ wrongdoing/NN ]
,/, says/VBZ 
[ John/NNP Bognato/NNP ]
,/, 
[ president/NN ]
of/IN 
[ Cambria/NNP County/NNP 's/POS 150-member/JJ bar/NN association/NN ]
./. 

======================================

``/`` 
[ The/DT arrogance/NN ]
of/IN 
[ a/DT judge/NN ]
,/, 
[ his/PRP$ demeanor/NN ]
,/, 
[ the/DT way/NN ]

[ he/PRP ]
handles/VBZ 
[ people/NNS ]
are/VBP not/RB 
[ a/DT basis/NN ]
for/IN filing/VBG 
[ a/DT complaint/NN ]
,/, ''/'' says/VBZ 
[ Mr./NNP Bognato/NNP ]
./. 

``/`` Until/IN 
[ this/DT ]
came/VBD up/RB and/CC hit/VB 
[ the/DT press/NN ]
,/, 
[ there/EX ]
was/VBD never/RB 
[ any/DT indication/NN ]
that/IN 
[ he/PRP ]
was/VBD doing/VBG 
[ anything/NN ]
wrong/JJ ./. 

''/'' 
======================================

[ State/NN investigators/NNS ]
dispute/VBP 
[ that/DT view/NN ]
now/RB ,/, particularly/RB in/IN 
[ light/NN ]
of/IN 
[ the/DT judge/NN 's/POS various/JJ business/NN dealings/NNS ]
in/IN 
[ Cambria/NNP County/NNP ]
./. 

[ The/DT judge/NN ]
came/VBD under/IN 
[ scrutiny/NN ]
in/IN 
[ late/JJ 1987/CD ]
,/, after/IN 
[ the/DT state/NN attorney/NN general/NN 's/POS office/NN ]
launched/VBD 
[ an/DT unrelated/JJ investigation/NN ]
into/IN 
[ corruption/NN ]
in/IN 
[ Cambria/NNP County/NNP ]
./. 

======================================

[ The/DT inquiry/NN ]
soon/RB focused/VBD on/IN 
[ the/DT judge/NN ]
./. 

[ Even/RB his/PRP$ routine/JJ business/NN transactions/NNS ]
caused/VBD 
[ trouble/NN ]
,/, according/VBG to/TO 
[ the/DT grand/JJ jury/NN report/NN ]
./. 

When/WRB 
[ the/DT judge/NN ]
bought/VBD 
[ his/PRP$ new/JJ Sunbird/NNP ]
from/IN 
[ James/NNP E./NNP Black/NNP Pontiac-Cadillac/NNP ]
in/IN 
[ Ebensburg/NNP five/CD years/NNS ]
ago/RB ,/, 
[ the/DT dealership/NN ]
had/VBD ``/`` 
[ certain/JJ apprehensions/NNS ]
''/'' about/IN 
[ the/DT judge/NN 's/POS reputation/NN ]
,/, according/VBG to/TO 
[ the/DT grand-jury/JJ report/NN ]
./. 

[ The/DT dealership/NN ]
took/VBD 
[ the/DT extra/JJ step/NN ]
of/IN having/VBG 
[ all/PDT the/DT paper/NN work/NN ]
for/IN 
[ the/DT transaction/NN pre-approved/VBN ]
by/IN 
[ Ebensburg/NNP 's/POS local/JJ lender/NN ]
,/, 
[ Laurel/NNP Bank/NNP ]
./. 

======================================

Then/RB ,/, as/IN 
[ an/DT additional/JJ precaution/NN ]
,/, 
[ the/DT car/NN dealership/NN ]
took/VBD 
[ the/DT judge/NN 's/POS photograph/NN ]
as/IN 
[ he/PRP ]
stood/VBD next/JJ to/TO 
[ his/PRP$ new/JJ car/NN ]
with/IN 
[ sales/NNS papers/NNS ]
in/IN 
[ hand/NN ]
--/: 
[ proof/NN ]
that/IN 
[ he/PRP ]
had/VBD received/VBN 
[ the/DT loan/NN documents/NNS ]
./. 

======================================

But/CC when/WRB 
[ the/DT judge/NN ]
received/VBD 
[ his/PRP$ payment/NN book/NN ]
,/, 
[ he/PRP ]
disavowed/VBD 
[ the/DT deal/NN ]
./. 

``/`` 
[ There/EX ]
was/VBD 
[ no/DT loan/NN ]
,/, 
[ there/EX ]
is/VBZ 
[ no/DT loan/NN ]
,/, 
[ there/EX ]
never/RB shall/MD be/VB 
[ a/DT loan/NN ]
,/, ''/'' 
[ the/DT judge/NN ]
wrote/VBD 
[ the/DT bank/NN ]
on/IN 
[ his/PRP$ judicial/JJ stationery/NN ]
,/, according/VBG to/TO 
[ the/DT report/NN ]
./. 

======================================

Later/RBR ,/, 
[ the/DT judge/NN ]
went/VBD 
[ a/DT step/NN ]
farther/RB ./. 

After/IN 
[ Laurel/NNP Bank/NNP ]
tried/VBD to/TO repossess/VB 
[ the/DT car/NN ]
,/, 
[ a/DT vice/NN president/NN ]
asked/VBD 
[ him/PRP ]
to/TO intervene/VB in/IN 
[ an/DT unrelated/JJ legal/JJ dispute/NN ]
involving/VBG 
[ a/DT trust/NN account/NN ]
./. 

[ The/DT judge/NN ]
wrote/VBD again/RB ./. 

======================================

``/`` 
[ I/PRP ]
find/VBP 
[ myself/PRP ]
in/IN 
[ an/DT adversary/NN relationship/NN ]
with/IN 
[ Laurel/NNP Bank/NNP ]
,/, and/CC 
[ I/PRP ]
am/VBP not/RB inclined/JJ to/TO extend/VB 
[ myself/PRP ]
as/RB far/RB as/IN 
[ any/DT favors/NNS ]
are/VBP concerned/VBN ,/, ''/'' 
[ the/DT judge/NN ]
wrote/VBD back/RB in/IN 
[ a/DT letter/NN ]
attached/VBN to/TO 
[ the/DT grand/JJ jury/NN 's/POS report/NN ]
./. 

``/`` Perhaps/RB if/IN 
[ my/PRP$ personal/JJ matters/NNS ]
can/MD be/VB resolved/VBN with/IN 
[ Laurel/NNP bank/NN ]
in/IN 
[ the/DT near/JJ future/NN ]
,/, 
[ I/PRP ]
may/MD be/VB inclined/VBN to/TO reconsider/VB 
[ your/PRP$ request/NN ]
.../: ./. 

''/'' 
[ The/DT judge/NN ]
now/RB says/VBZ 
[ it/PRP ]
was/VBD ``/`` 
[ unfortunate/JJ ]
''/'' that/IN 
[ he/PRP ]
chose/VBD to/TO write/VB 
[ the/DT letter/NN ]
but/CC says/VBZ ``/`` 
[ there/EX ]
was/VBD certainly/RB no/RB intent/NN to/TO extort/VB there/RB ./. 

''/'' 
======================================

[ The/DT bank/NN ]
acquiesced/VBD ./. 

[ It/PRP ]
refinanced/VBD 
[ the/DT judge/NN 's/POS loan/NN ]
,/, lowered/VBD 
[ its/PRP$ interest/NN rate/NN ]
and/CC accepted/VBD 
[ a/DT trade-in/NN ]

[ that/WDT ]
had/VBD n't/RB originally/RB been/VBN 
[ part/NN ]
of/IN 
[ the/DT deal/NN ]
--/: 
[ a/DT beat/JJ ]
up/JJ 
[ 1981/CD Chevy/NNP Citation/NNP ]

[ the/DT dealer/NN ]
had/VBD to/TO repair/VB before/IN 
[ it/PRP ]
could/MD be/VB resold/VBN ./. 

======================================

[ The/DT incident/NN was/VBD n't/RB ]

[ the/DT only/JJ time/NN ]

[ the/DT judge/NN ]
got/VBD 
[ special/JJ treatment/NN ]
from/IN 
[ his/PRP$ local/JJ bank/NN ]
./. 

[ Two/CD years/NNS ]
later/RB ,/, 
[ he/PRP ]
wrote/VBD to/TO complain/VB that/IN 
[ the/DT interest/NN ]

[ he/PRP ]
was/VBD paying/VBG on/IN 
[ an/DT unsecured/JJ $/$ 10,000/CD loan/NN ]
was/VBD ``/`` absolutely/RB onerous/JJ ./. 

''/'' 
[ Paul/NNP L./NNP Kane/NNP ]
,/, 
[ Laurel/NNP 's/POS president/NN ]
at/IN 
[ the/DT time/NN ]
,/, quickly/RB responded/VBD ./. 

[ The/DT bank/NN ]
,/, 
[ he/PRP ]
wrote/VBD back/RB ,/, was/VBD ``/`` immediately/RB ''/'' lowering/VBG 
[ the/DT rate/NN ]
by/IN 
[ 3.5/CD %/NN ]
,/, ``/`` as/IN 
[ a/DT concession/NN ]
to/TO 
[ you/PRP ]
./. 

''/'' 
======================================

[ The/DT judge/NN ]
says/VBZ 
[ he/PRP ]
ca/MD n't/RB discuss/VB in/IN 
[ detail/NN ]
how/WRB 
[ he/PRP ]
will/MD defend/VB 
[ himself/PRP ]
at/IN 
[ his/PRP$ trial/NN ]
,/, although/IN 
[ he/PRP ]
contends/VBZ that/IN if/IN 
[ he/PRP ]
were/VBD as/RB corrupt/JJ as/IN 
[ state/NN prosecutors/NNS ]
believe/VBP ,/, 
[ he/PRP ]
would/MD be/VB far/RB 
[ wealthier/JJR ]
than/IN 
[ he/PRP ]
is/VBZ ./. 

[ His/PRP$ seven-bedroom/JJ cedar/NN ]
and/CC 
[ brick/NN house/NN outside/IN ]
of/IN 
[ Johnstown/NNP ]
is/VBZ up/RB for/IN 
[ sale/NN ]
to/TO pay/VB for/IN 
[ his/PRP$ lawyers/NNS ]
./. 

======================================

[ The/DT judge/NN ]
says/VBZ 
[ he/PRP ]
is/VBZ confident/JJ 
[ he/PRP ]
will/MD return/VB to/TO 
[ his/PRP$ old/JJ bench/NN ]
./. 

Already/RB ,/, 
[ he/PRP ]
notes/VBZ ,/, 
[ the/DT 76/CD charges/NNS ]
originally/RB filed/VBN against/IN 
[ him/PRP ]
have/VBP been/VBN trimmed/VBN to/TO 
[ 27/CD ]
./. 

Most/JJS of/IN 
[ the/DT allegations/NNS ]
no/RB longer/RB pending/VBG were/VBD 
[ ethics/NNS charges/NNS ]
withdrawn/VBN by/IN 
[ state/NN prosecutors/NNS ]
as/IN 
[ part/NN ]
of/IN 
[ a/DT pre-trial/JJ agreement/NN ]
./. 

[ The/DT heart/NN ]
of/IN 
[ the/DT case/NN ]
--/: ``/`` 
[ official/JJ oppression/NN ]
''/'' --/: remains/VBZ 
[ intact/JJ ]
./. 

======================================

``/`` If/IN 
[ I/PRP ]
lose/VBP ,/, 
[ I/PRP ]
lose/VBP 
[ my/PRP$ position/NN ]
,/, 
[ my/PRP$ career/NN ]
,/, 
[ my/PRP$ pension/NN ]
,/, 
[ my/PRP$ home/NN ]
and/CC 
[ my/PRP$ investments/NNS ]
,/, ''/'' says/VBZ 
[ the/DT judge/NN ]
./. 

``/`` 
[ My/PRP$ God/NNP ]
and/CC 
[ I/PRP ]
know/VBP 
[ I/PRP ]
am/VBP correct/JJ and/CC 
[ innocent/JJ ]
./. 

''/''
======================================



======================================

[ Many/JJ thanks/NNS ]
for/IN 
[ Alexander/NNP Cockburn/NNP 's/POS comic/JJ masterpiece/NN ]
 (/( 
[ ``/`` U.S/NNP ]
./. 

[ Economy/NN ]
:/: 
[ A/DT House/NN Built/VBN ]
on/IN 
[ Junk-Bond/NN Sand/NN ]
,/, ''/'' 
[ Viewpoint/NN ]
,/, 
[ Oct./NNP 19/CD ]
 )/) ./. 

[ The/DT use/NN ]
of/IN 
[ the/DT abominable/JJ construction/NN practices/NNS ]
in/IN 
[ the/DT Soviet/NNP Union/NNP ]
--/: as/IN evidenced/VBN by/IN 
[ the/DT collapse/NN ]
of/IN 
[ sand/NN apartment/NN blocks/NNS ]
during/IN 
[ the/DT Armenian/JJ earthquake/NN ]
--/: as/IN 
[ a/DT metaphor/NN ]
for/IN 
[ the/DT U.S./NNP economic/JJ system/NN ]
was/VBD 
[ a/DT sublime/JJ example/NN ]
of/IN 
[ Mr./NNP Cockburn/NNP 's/POS satirical/JJ muse/NN ]
./. 

======================================

[ I/PRP ]
await/VBP 
[ his/PRP$ sequel/NN ]
:/: 
[ the/DT economic/JJ ]
and/CC 
[ social/JJ resiliency/NN ]
of/IN 
[ the/DT San/NNP Francisco/NNP Bay/NNP area/NN ]
and/CC 
[ the/DT outstanding/JJ work/NN ]
of/IN 
[ the/DT local/JJ governments/NNS ]
and/CC 
[ the/DT private/JJ charitable/JJ organizations/NNS ]
there/RB as/IN 
[ metaphors/NNS ]
for/IN 
[ the/DT supremacy/NN ]
of/IN 
[ whatever/WDT ]
failed/JJ 
[ system/NN Mr./NNP Cockburn/NNP ]
now/RB believes/VBZ in/IN ./. 

[ It/PRP ]
should/MD be/VB 
[ a/DT scream/NN ]
./. 

======================================

[ William/NNP S./NNP Smith/NNP ]

======================================

[ Los/NNP ]

[ Angeles/NNP ]
======================================




======================================

As/IN 
[ a/DT money/NN manager/NN ]
and/CC 
[ a/DT grass-roots/JJ environmentalist/NN ]
,/, 
[ I/PRP ]
was/VBD very/RB disappointed/JJ to/TO read/VB in/IN 
[ the/DT premiere/JJ issue/NN ]
of/IN 
[ Garbage/NNP ]
that/IN 
[ The/DT Wall/NNP Street/NNP Journal/NNP ]
uses/VBZ 
[ 220,000/CD metric/JJ tons/NNS ]
of/IN 
[ newsprint/NN ]

[ each/DT year/NN ]
,/, but/CC that/IN only/RB 
[ 1.4/CD %/NN ]
of/IN 
[ it/PRP ]
comes/VBZ from/IN 
[ recycled/JJ paper/NN ]
./. 

By/IN 
[ contrast/NN ]
,/, 
[ the/DT Los/NNP Angeles/NNP Times/NNP ]
,/, for/IN 
[ example/NN ]
,/, uses/VBZ 
[ 83/CD %/NN ]
recycled/JJ 
[ paper/NN ]
./. 

With/IN 
[ newspapers/NNS ]
being/VBG 
[ the/DT largest/JJS single/JJ component/NN ]
of/IN 
[ solid/JJ waste/NN ]
in/IN 
[ our/PRP$ landfills/NNS ]
,/, and/CC with/IN 
[ our/PRP$ country/NN ]
overflowing/VBG with/IN 
[ trash/NN ]
,/, 
[ all/DT sectors/NNS ]
of/IN 
[ our/PRP$ society/NN ]
and/CC 
[ all/DT types/NNS ]
of/IN 
[ businesses/NNS ]
must/MD become/VB more/RBR responsible/JJ in/IN 
[ our/PRP$ use/NN ]
and/CC 
[ disposal/NN ]
of/IN 
[ precious/JJ natural/JJ resources/NNS ]
./. 

======================================

[ The/DT Wall/NNP Street/NNP Journal/NNP ]
is/VBZ 
[ an/DT excellent/JJ publication/NN ]
that/IN 
[ I/PRP ]
enjoy/VBP reading/VBG (/( and/CC must/MD read/VB )/) daily/RB ./. 

Please/VB make/VB 
[ me/PRP ]
and/CC 
[ thousands/NNS ]
of/IN 
[ other/JJ readers/NNS ]
more/RBR comfortable/JJ with/IN 
[ our/PRP$ daily/JJ purchase/NN ]
of/IN 
[ your/PRP$ newspaper/NN ]
by/IN raising/VBG 
[ your/PRP$ environmental/JJ standards/NNS ]
to/TO 
[ your/PRP$ overall/JJ impeccable/JJ quality/NN levels/NNS ]
,/, and/CC increase/VB 
[ your/PRP$ use/NN ]
of/IN 
[ recycled/JJ paper/NN ]
./. 

======================================

[ Virginia/NNP M.W./NNP Gardiner/NNP ]

======================================

[ Philadelphia/NNP ]
======================================




======================================

[ FIRST/NNP AMERICAN/NNP FINANCIAL/NNP Corp./NNP ]
declared/VBD 
[ a/DT special/JJ dividend/NN ]
of/IN 
[ one/CD share/NN ]
of/IN 
[ Class/NN B/NNP common/JJ stock/NN ]
for/IN 
[ each/DT share/NN ]
of/IN 
[ Class/NN ]

[ A/NNP common/JJ stock/NN ]
,/, payable/JJ to/TO 
[ holders/NNS ]
of/IN 
[ record/NN ]
on/IN 
[ Nov./NNP 10/CD ]
if/IN 
[ the/DT Securities/NNPS ]
and/CC 
[ Exchange/NNP Commission/NNP ]
approves/VBZ 
[ this/DT ]
as/IN 
[ the/DT effective/JJ date/NN ]
of/IN 
[ the/DT registration/NN statement/NN ]
./. 

[ Shareholders/NNS ]
of/IN 
[ the/DT Santa/NNP Ana/NNP ]
,/, 
[ Calif./NNP ]
,/, 
[ title-insurance/JJ company/NN ]
approved/VBD 
[ the/DT creation/NN ]
of/IN 
[ this/DT second/JJ class/NN ]
of/IN 
[ stock/NN ]
,/, 
[ which/WDT ]
will/MD be/VB traded/VBN on/IN 
[ the/DT national/JJ over-the-counter/JJ market/NN ]
and/CC 
[ which/WDT ]

[ the/DT company/NN ]
said/VBD would/MD be/VB used/VBN for/IN 
[ acquisitions/NNS ]
and/CC 
[ other/JJ general/JJ corporate/JJ purposes/NNS ]
./. 



======================================

[ The/DT following/JJ ]
were/VBD among/IN 
[ yesterday/NN 's/POS offerings/NNS ]
and/CC 
[ pricings/NNS ]
in/IN 
[ the/DT U.S./NNP ]
and/CC 
[ non-U.S./JJ capital/NN markets/NNS ]
,/, with/IN 
[ terms/NNS ]
and/CC 
[ syndicate/NN manager/NN ]
,/, as/IN compiled/VBN by/IN 
[ Dow/NNP Jones/NNP Capital/NNP Markets/NNPS Report/NNP ]
:/: 
======================================

[ Continental/NNP Cablevision/NNP Inc./NNP ]
--/: 
[ $/$ 350/CD million/CD ]
of/IN 
[ senior/JJ subordinated/JJ debentures/NNS ]
,/, 
[ due/JJ Nov./NNP 1/CD ]
,/, 
[ 2004/CD ]
,/, was/VBD priced/VBN at/IN 
[ par/JJ ]
to/TO yield/VB 
[ 12/CD 7\/8/CD %/NN ]
./. 

[ Rated/VBN single-B-1/JJ ]
by/IN 
[ Moody/NNP 's/POS Investors/NNPS Service/NNP Inc./NNP ]
and/CC 
[ single-B/JJ ]
by/IN 
[ Standard/NNP ]
&/CC 
[ Poor/NNP 's/POS Corp./NN ]
,/, 
[ the/DT issue/NN ]
,/, 
[ which/WDT ]
is/VBZ non-callable/JJ for/IN 
[ five/CD years/NNS ]
,/, will/MD be/VB sold/VBN through/IN 
[ underwriters/NNS ]
led/VBN by/IN 
[ Morgan/NNP Stanley/NNP ]
&/CC 
[ Co/NNP ]
./. 

======================================

[ Beatrice/NNP Co./NNP ]
--/: 
[ $/$ 251/CD million/CD ]
of/IN 
[ notes/NNS ]
,/, 
[ due/JJ Nov./NNP 1/CD ]
,/, 
[ 1997/CD ]
,/, was/VBD priced/VBN in/IN 
[ a/DT two-part/JJ offering/NN ]
through/IN 
[ underwriters/NNS ]
at/IN 
[ Salomon/NNP Brothers/NNPS Inc/NNP ]
./. 

[ The/DT size/NN ]
of/IN 
[ the/DT issue/NN ]
was/VBD scaled/VBN back/RB from/IN 
[ an/DT ]
originally/RB planned/VBN 
[ $/$ 350/CD million/CD ]
./. 

[ The/DT first/JJ part/NN ]
,/, consisting/VBG of/IN 
[ $/$ 151/CD million/CD ]
of/IN 
[ 13/CD 3\/4/CD %/NN senior/JJ subordinated/JJ reset/JJ notes/NNS ]
,/, was/VBD priced/VBN at/IN 
[ 99.75/CD ]
./. 

[ The/DT rate/NN ]
on/IN 
[ the/DT notes/NNS ]
will/MD be/VB 
[ reset/VB ]
annually/RB to/TO give/VB 
[ the/DT issue/NN ]

[ a/DT market/NN value/NN ]
of/IN 
[ 101/CD ]
./. 

However/RB ,/, 
[ the/DT maximum/NN coupon/NN ]
at/IN 
[ which/WDT ]

[ the/DT notes/NNS ]
can/MD be/VB 
[ reset/VB ]
is/VBZ 
[ 16/CD 1\/4/CD %/NN ]
./. 

[ The/DT minimum/JJ coupon/NN ]
is/VBZ 
[ 13/CD 3\/4/CD %/NN ]
./. 

[ The/DT second/JJ part/NN ]
,/, consisting/VBG of/IN 
[ $/$ 100/CD million/CD ]
of/IN 
[ senior/JJ ]
subordinated/JJ 
[ floating-rate/JJ notes/NNS ]
,/, was/VBD priced/VBN at/IN 
[ 99/CD 3\/4/CD ]
to/TO float/VB 
[ 4.25/CD %/NN ]
above/IN 
[ the/DT three-month/JJ London/NNP interbank/NN ]
offered/JJ 
[ rate/NN ]
./. 

[ The/DT initial/JJ coupon/NN ]
on/IN 
[ the/DT floating-rate/JJ notes/NNS ]
will/MD be/VB 
[ 12.9375/CD %/NN ]
./. 

[ The/DT issue/NN ]
is/VBZ rated/VBN 
[ single-B-3/JJ ]
by/IN 
[ Moody/NNP 's/POS ]
and/CC 
[ single-B-plus/JJ ]
by/IN 
[ S&P/NNP ] 
./. 

======================================

[ New/NNP Jersey/NNP Wastewater/NNP Treatment/NNP Trust/NNP ]
--/: 
[ $/$ 75.1/CD million/CD ]
,/, 
[ two-part/JJ offering/NN ]
of/IN 
[ bonds/NNS ]
apparently/RB was/VBD won/VBN by/IN 
[ a/DT Merrill/NNP Lynch/NNP Capital/NNP Markets/NNPS group/NN ]
./. 

[ The/DT group/NN 's/POS bid/NN ]
for/IN 
[ $/$ 40.9/CD million/CD ]
of/IN 
[ wastewater/NN treatment/NN ]
insured/JJ 
[ bonds/NNS ]
,/, 
[ Series/NN 1989/CD ]

[ A/NNP ]
,/, produced/VBD 
[ a/DT 7.0826/CD %/NN true/JJ interest/NN cost/NN ]
./. 

[ The/DT Series/NN 1989/CD ]

[ A/NNP bonds/NNS ]
are/VBP insured/JJ and/CC rated/VBN 
[ triple-A/JJ ]
by/IN 
[ Moody/NNP 's/POS ]
and/CC 
[ S&P/NNP ]
./. 

[ The/DT group/NN 's/POS bid/NN ]
for/IN 
[ $/$ 34.2/CD million/CD ]
of/IN 
[ wastewater/NN treatment/NN bonds/NNS ]
,/, 
[ Series/NN 1989/CD B/NNP ]
,/, produced/VBD 
[ a/DT 7.0808/CD %/NN true/JJ interest/NN cost/NN ]
./. 

[ The/DT Series/NN 1989/CD B/NNP bonds/NNS ]
are/VBP uninsured/JJ and/CC 
[ rated/VBN double-A/JJ ]
by/IN 
[ Moody/NNP 's/POS ]
and/CC 
[ S&P/NNP ]
./. 

[ Both/DT ]

[ the/DT Series/NN 1989/CD ]

[ A/NNP ]
and/CC 
[ Series/NNP 1989/CD B/NNP bonds/NNS ]
were/VBD priced/VBN to/TO yield/VB from/IN 
[ 6/CD %/NN ]
in/IN 
[ 1991/CD ]
to/TO 
[ 7.15/CD %/NN ]
in/IN 
[ 2008-2009/CD ]
,/, according/VBG to/TO 
[ a/DT Merrill/NNP Lynch/NNP official/NN ]
./. 

======================================

[ Matagorda/NNP County/NNP Navigation/NNP District/NNP No./NNP 1/CD ]
,/, 
[ Texas/NNP ]
--/: 
[ $/$ 70.3/CD million/CD ]
of/IN 
[ pollution/NN control/NN revenue/NN bonds/NNS ]
 (/( 
[ Houston/NNP Lighting/NNP ]
&/CC 
[ Power/NNP Co/NNP ]
./. 

[ Project/NN ]
 )/) ,/, 
[ due/JJ Oct./NNP 1/CD ]
,/, 
[ 2019/CD ]
,/, were/VBD tentatively/RB priced/VBN by/IN 
[ a/DT Goldman/NNP ]
,/, 
[ Sachs/NNP ]
&/CC 
[ Co./NNP group/NN ]
at/IN 
[ 98/CD 1\/4/CD ]
to/TO yield/VB 
[ 7.649/CD %/NN ]
with/IN 
[ a/DT coupon/NN ]
of/IN 
[ 7/CD 1\/2/CD %/NN ]
./. 

[ Interest/NN ]
on/IN 
[ the/DT bonds/NNS ]
will/MD be/VB treated/VBN as/IN 
[ a/DT preference/NN item/NN ]
in/IN calculating/VBG 
[ the/DT federal/JJ alternative/NN minimum/JJ|NN tax/NN ]

[ that/WDT ]
may/MD be/VB imposed/VBN on/IN 
[ certain/JJ investors/NNS ]
./. 

[ The/DT bonds/NNS ]
are/VBP insured/JJ and/CC rated/VBN 
[ triple-A/JJ ]
by/IN 
[ Moody/NNP 's/POS ]
and/CC 
[ S&P/NNP ]
./. 

======================================

[ Federal/NNP Home/NNP Loan/NNP Mortgage/NNP Corp./NNP ]
--/: 
[ $/$ 500/CD million/CD ]
of/IN 
[ Remic/NNP mortgage/NN securities/NNS ]
is/VBZ being/VBG offered/VBN in/IN 
[ 11/CD classes/NNS ]
by/IN 
[ a/DT Morgan/NNP Stanley/NNP group/NN ]
./. 

[ The/DT offering/NN ]
,/, 
[ Series/NNP 109/CD ]
,/, is/VBZ backed/VBN by/IN 
[ Freddie/NNP Mac/NNP 10/CD %/NN securities/NNS ]
./. 

[ Complete/JJ details/NNS ]
were/VBD n't/RB immediately/RB available/JJ ./. 

======================================

[ Lomas/NNP Mortgage/NNP Funding/NNP Corp./NNP II/NNP ]
--/: 
[ $/$ 100/CD million/CD issue/NN ]
of/IN 
[ collateralized/JJ mortgage/NN obligations/NNS ]
is/VBZ being/VBG offered/VBN in/IN 
[ four/CD classes/NNS ]
by/IN 
[ a/DT Morgan/NNP Stanley/NNP group/NN ]
./. 

[ The/DT securities/NNS ]
yield/VBP from/IN 
[ 9.35/CD %/NN ]
to/TO 
[ 10.48/CD %/NN ]
for/IN 
[ a/DT 30-year/JJ issue/NN ]
with/IN 
[ an/DT average/JJ life/NN ]
of/IN 
[ 21.18/CD years/NNS ]
./. 

[ The/DT 10.48/CD %/NN yield/NN ]
represents/VBZ 
[ a/DT spread/NN ]
to/TO 
[ the/DT 20-year/JJ Treasury/NNP ]
of/IN 
[ 2.45/CD percentage/NN points/NNS ]
./. 

[ The/DT collateral/NN ]
consists/VBZ of/IN 
[ collateralized/JJ whole/JJ loans/NNS ]
with/IN 
[ a/DT weighted/JJ average/JJ coupon/NN rate/NN ]
of/IN 
[ 11.08/CD %/NN ]
and/CC 
[ weighted/JJ average/NN remaining/VBG term/NN ]
to/TO 
[ maturity/NN ]
of/IN 
[ 28/CD years/NNS ]
./. 

[ The/DT issue/NN ]
is/VBZ rated/VBN 
[ triple-A/JJ ]
by/IN 
[ S&P/NNP ]
,/, 
[ Moody/NNP 's/POS ]
and/CC 
[ Fitch/NNP Investors/NNPS Service/NNP Inc/NNP ]
./. 

[ The/DT issue/NN ]
is/VBZ 
[ 6/CD %/NN ]
to/TO 
[ 7/CD %/NN ]
overcollateralized/VBN ,/, and/CC 
[ 75/CD %/NN ]
of/IN 
[ the/DT loans/NNS ]
are/VBP covered/VBN by/IN 
[ a/DT General/NNP Electric/NNP pool/NN policy/NN ]
covering/VBG 
[ losses/NNS ]
of/IN as/RB much/JJ as/IN 
[ 10/CD %/NN ]
of/IN 
[ the/DT original/JJ principal/JJ balance/NN ]
of/IN 
[ the/DT loans/NNS ]
./. 

======================================

[ J.C./NNP Penney/NNP Co./NNP ]
--/: 
[ $/$ 350/CD million/CD ]
of/IN 
[ JCP/NNP Master/NNP Credit/NNP Card/NNP Trust/NNP asset-backed/JJ certificates/NNS ]
,/, 
[ Series/NNP B/NNP ]
,/, with/IN 
[ a/DT final/JJ stated/VBN maturity/NN ]
of/IN 
[ Oct./NNP 15/CD ]
,/, 
[ 2001/CD ]
,/, was/VBD priced/VBN at/IN 
[ 99.1875/CD ]
to/TO yield/VB 
[ 9.192/CD %/NN ]
with/IN 
[ a/DT coupon/NN ]
of/IN 
[ 8.95/CD %/NN ]
./. 

[ The/DT certificates/NNS ]
,/, 
[ which/WDT ]
have/VBP 
[ an/, average/JJ life/NN ]
of/IN 
[ 10.05/CD years/NNS ]
,/, were/VBD priced/VBN at/IN 
[ 1.31/CD percentage/NN points/NNS ]
over/IN 
[ the/DT benchmark/JJ Treasury/NNP 10-year/JJ note/NN ]
./. 

[ Rated/VBN triple-A/JJ ]
by/IN 
[ Moody/NNP 's/POS ]
and/CC 
[ S&P/NNP ]
,/, 
[ the/DT issue/NN ]
will/MD be/VB sold/VBN through/IN 
[ First/NNP Boston/NNP Corp/NNP ]
./. 

[ The/DT issue/NN ]
is/VBZ backed/VBN by/IN 
[ a/DT 12/CD %/NN letter/NN ]
of/IN 
[ credit/NN ]
from/IN 
[ Credit/NNP Suisse/NNP ]
./. 

======================================

[ Keio/NNP Teito/NNP Electric/NNP Railway/NNP Co/NNP ]
./. 

 (/( 
[ Japan/NNP ]
 )/) --/: 
[ $/$ 300/CD million/CD ]
of/IN 
[ bonds/NNS due/JJ Nov./NNP 16/CD ]
,/, 
[ 1993/CD ]
,/, with/IN 
[ equity-purchase/JJ warrants/NNS ]
,/, indicating/VBG 
[ a/DT 3/CD 3\/4/CD %/NN coupon/NN ]
at/IN 
[ par/JJ ]
via/IN 
[ Nomura/NNP International/NNP Ltd/NNP ]
./. 

[ Each/DT $/$ 5,000/CD bond/NN ]
carries/VBZ 
[ one/CD warrant/NN ]
,/, 
[ exercisable/JJ ]
from/IN 
[ Nov./NNP 30/CD ]
through/IN 
[ Nov./NNP 2/CD ]
,/, 
[ 1993/CD ]
,/, to/TO buy/VB 
[ company/NN shares/NNS ]
at/IN 
[ an/DT expected/JJ premium/NN ]
of/IN 
[ 2/CD 1\/2/CD %/NN ]
to/TO 
[ the/DT closing/VBG share/NN price/NN ]
when/WRB 
[ terms/NNS ]
are/VBP fixed/VBN 
[ Tuesday/NNP ]
./. 

======================================

[ Diesel/NNP Kiki/NNP Co/NNP ]
./. 

 (/( 
[ Japan/NNP ]
 )/) --/: 
[ $/$ 200/CD million/CD ]
of/IN 
[ bonds/NNS due/JJ Nov./NNP 16/CD ]
,/, 
[ 1994/CD ]
,/, with/IN 
[ equity-purchase/JJ warrants/NNS ]
,/, indicating/VBG 
[ a/DT 4/CD 1\/2/CD %/NN coupon/NN ]
at/IN 
[ par/JJ ]
via/IN 
[ Yamaichi/NNP International/NNP Europe/NNP Ltd/NNP ]
./. 

[ Each/DT $/$ 5,000/CD bond/NN ]
carries/VBZ 
[ one/CD warrant/NN ]
,/, 
[ exercisable/JJ ]
from/IN 
[ Nov./NNP 30/CD ]
through/IN 
[ Nov./NNP 2/CD ]
,/, 
[ 1994/CD ]
,/, to/TO buy/VB 
[ company/NN shares/NNS ]
at/IN 
[ an/DT expected/JJ premium/NN ]
of/IN 
[ 2/CD 1\/2/CD %/NN ]
to/TO 
[ the/DT closing/VBG share/NN price/NN ]
when/WRB 
[ terms/NNS ]
are/VBP fixed/VBN 
[ Monday/NNP ]
./. 

======================================

[ Chugoku/NNP Electric/NNP Power/NNP Co/NNP ]
./. 

 (/( 
[ Japan/NNP ]
 )/) --/: 
[ $/$ 150/CD million/CD ]
of/IN 
[ 8/CD 7\/8/CD %/NN bonds/NNS due/JJ Nov./NNP 29/CD ]
,/, 
[ 1996/CD ]
,/, priced/VBN at/IN 
[ 101/CD 7\/8/CD ]
to/TO yield/VB 
[ 8/CD 7\/8/CD %/NN ]

[ less/CC full/JJ fees/NNS ]
via/IN 
[ Nikko/NNP Securities/NNPS Ltd/NNP ]
./. 

[ Fees/NNS 1/CD 7\/8/CD ]
./. 

======================================

[ Monte/NNP dei/FW Paschi/NNP di/FW Siena/NNP ]
,/, 
[ Singapore/NNP branch/NN ]
 (/( 
[ Italian/JJ parent/NN ]
 )/) ,/, via/IN 
[ the/DT Law/NNP Debenture/NNP Trust/NNP Corp./NNP ]
--/: 
[ 10/CD billion/CD yen/NNS ]
 (/( 
[ $/$ 70/CD million/CD ]
 )/) of/IN 
[ 6/CD %/NN bonds/NNS due/JJ Feb./NNP 24/CD ]
,/, 
[ 1993/CD ]
,/, priced/VBN at/IN 
[ 101/CD 1\/4/CD ]
,/, via/IN 
[ Daiwa/NNP Europe/NNP Ltd/NNP ]
./. 

======================================

[ Okobank/NNP ]
 (/( 
[ Finland/NNP ]
 )/) --/: 
[ 10/CD billion/CD yen/NNS ]
of/IN 
[ 6/CD %/NN bonds/NNS due/JJ Nov./NNP 30/CD ]
,/, 
[ 1992/CD ]
,/, priced/VBN at/IN 
[ 101.225/CD ]
to/TO yield/VB 
[ 6.056/CD %/NN ]
via/IN 
[ IBJ/NNP International/NNP ]
./. 



======================================

[ EG&G/NNP Inc./NNP ]
said/VBD 
[ it/PRP ]
acquired/VBD 
[ Laboratorium/NNP Prof./NNP Dr./NNP Berthold/NNP ]
,/, 
[ a/DT German/JJ maker/NN ]
of/IN 
[ scientific/JJ instruments/NNS ]
./. 

======================================

[ Terms/NNS ]
were/VBD n't/RB disclosed/VBN ./. 

[ The/DT Wellesley/NNP ]
,/, 
[ Mass./NNP ]
,/, 
[ maker/NN ]
of/IN 
[ scientific/JJ instruments/NNS ]
and/CC 
[ electronic/JJ parts/NNS ]
said/VBD 
[ Berthold/NNP ]
expects/VBZ 
[ 1989/CD sales/NNS ]
of/IN more/JJR than/IN 
[ 100/CD million/CD Deutsche/FW marks/NNS ]
 (/( 
[ $/$ 54.5/CD million/CD ]
 )/) and/CC employs/VBZ about/IN 
[ 400/CD people/NNS ]
./. 

[ Berthold/NNP ]
is/VBZ based/VBN in/IN 
[ Wildbad/NNP ]
,/, 
[ West/NNP Germany/NNP ]
,/, and/CC also/RB has/VBZ 
[ operations/NNS ]
in/IN 
[ Belgium/NNP ]
./. 

======================================

[ John/NNP M./NNP Kucharski/NNP ]
,/, 
[ EG&G/NNP 's/POS chairman/NN ]
and/CC 
[ chief/JJ executive/NN ]
,/, said/VBD 
[ the/DT acquisition/NN ]
``/`` will/MD extend/VB 
[ EG&G/NNP 's/POS core/NN technologies/NNS ]
,/, strengthen/VB 
[ its/PRP$ position/NN ]
in/IN 
[ the/DT European/NNP Economic/NNP Community/NNP ]
and/CC assure/VB 
[ a/DT strength/NN ]
and/CC 
[ presence/NN ]
in/IN 
[ the/DT Eastern/JJ European/JJ market/NN ]
./. 

''/'' 
[ He/PRP ]
said/VBD 
[ it/PRP ]
especially/RB will/MD strengthen/VB 
[ the/DT company/NN 's/POS efforts/NNS ]
in/IN 
[ the/DT ]
rapidly/RB growing/VBG 
[ field/NN ]
of/IN 
[ bio-analytical/JJ instrumentation/NN ]
,/, and/CC in/IN 
[ applied/JJ nuclear/JJ physics/NNS ]
./. 

======================================

[ Separately/RB ]
,/, 
[ EG&G/NNP ]
said/VBD 
[ it/PRP ]
sold/VBD most/JJS of/IN 
[ its/PRP$ Mason/NNP Research/NNP Institute/NNP subsidiary/NN ]
to/TO 
[ Transgenic/NNP Sciences/NNPS Inc./NNP ]
,/, 
[ a/DT ]
closely/RB held/JJ 
[ biotechnology/NN company/NN ]
based/VBN in/IN 
[ Worcester/NNP ]
,/, 
[ Mass/NNP ]
./. 

[ The/DT sale/NN ]
,/, for/IN 
[ $/$ 7/CD million/CD ]
in/IN 
[ cash/NN ]
and/CC 
[ securities/NNS ]
,/, will/MD leave/VB 
[ EG&G/NNP ]
with/IN 
[ a/DT 12/CD %/NN stake/NN ]
in/IN 
[ Transgenic/NNP ]
,/, 
[ executives/NNS ]
said/VBD ./. 

[ Mason/NNP ]
is/VBZ 
[ the/DT largest/JJS toxicology/NN lab/NN ]
in/IN 
[ New/NNP England/NNP ]
,/, with/IN 
[ annual/JJ revenue/NN ]
of/IN 
[ $/$ 8/CD million/CD ]
and/CC 
[ 140/CD employees/NNS ]
./. 

======================================

[ Mason/NNP ]
serves/VBZ 
[ commercial/JJ ]
and/CC 
[ government/NN customers/NNS ]
,/, including/VBG 
[ the/DT National/NNP Institutes/NNPS ]
of/IN 
[ Health/NNP ]
./. 

[ The/DT combined/JJ companies/NNS ]
will/MD become/VB 
[ profitable/JJ ]
by/IN 
[ January/NNP 1990/CD ]
,/, said/VBD 
[ James/NNP P./NNP Sherblom/NNP ]
,/, 
[ Transgenic/NNP 's/POS chairman/NN ]
and/CC 
[ chief/JJ executive/NN officer/NN ]
./. 



======================================

[ The/DT Internal/NNP Revenue/NNP Service/NNP ]
said/VBD 
[ it/PRP ]
is/VBZ willing/JJ to/TO let/VB 
[ the/DT U.S./NNP Tax/NNP Court/NNP ]
decide/VB how/WRB 
[ much/JJ oil/NN man/NN William/NNP Herbert/NNP Hunt/NNP ]
will/MD owe/VB 
[ the/DT government/NN ]
after/IN 
[ his/PRP$ assets/NNS ]
are/VBP liquidated/VBN ./. 

======================================

[ The/DT surprise/NN announcement/NN ]
came/VBD after/IN 
[ the/DT IRS/NNP ]
broke/VBD off/RP 
[ negotiations/NNS ]
with/IN 
[ Mr./NNP Hunt/NNP ]
on/IN 
[ a/DT settlement/NN ]
of/IN 
[ the/DT one-time/JJ tycoon/NN 's/POS personal/JJ bankruptcy/NN case/NN ]
./. 

Although/IN 
[ the/DT action/NN ]
removes/VBZ 
[ one/CD obstacle/NN ]
in/IN 
[ the/DT way/NN ]
of/IN 
[ an/DT overall/JJ settlement/NN ]
to/TO 
[ the/DT case/NN ]
,/, 
[ it/PRP ]
also/RB means/VBZ that/IN 
[ Mr./NNP Hunt/NNP ]
could/MD be/VB stripped/VBN of/IN virtually/RB 
[ all/DT ]
of/IN 
[ his/PRP$ assets/NNS ]
if/IN 
[ the/DT Tax/NNP Court/NNP rules/VBZ ]
against/IN 
[ him/PRP ]
in/IN 
[ a/DT 1982/CD case/NN ]
heard/VBN earlier/RBR 
[ this/DT year/NN ]
in/IN 
[ Washington/NNP ]
,/, 
[ D.C/NNP ]
./. 

[ The/DT IRS/NNP ]
has/VBZ been/VBN seeking/VBG more/JJR than/IN 
[ $/$ 300/CD million/CD ]
in/IN 
[ back/JJ taxes/NNS ]
from/IN 
[ Mr./NNP Hunt/NNP ]
./. 

======================================

Separately/RB ,/, 
[ a/DT federal/JJ judge/NN hearing/VBG Mr./NNP Hunt/NNP 's/POS bankruptcy/NN case/NN ]
yesterday/NN turned/VBD down/RP 
[ a/DT proposed/VBN $/$ 65.7/CD million/CD settlement/NN ]
between/IN 
[ Mr./NNP Hunt/NNP ]
and/CC 
[ Minpeco/NNP S.A./NNP ]
,/, 
[ another/DT major/JJ creditor/NN ]
in/IN 
[ the/DT case/NN ]
./. 

[ The/DT Peruvian/JJ minerals/NNS concern/NN ]
had/VBD been/VBN seeking/VBG 
[ a/DT claim/NN ]
of/IN 
[ $/$ 251/CD million/CD ]
against/IN 
[ Mr./NNP Hunt/NNP ]
./. 

In/IN 
[ addition/NN ]
to/TO turning/VBG down/RP 
[ the/DT compromise/NN ]
,/, 
[ Judge/NNP Harold/NNP C./NNP Abramson/NNP ]
said/VBD 
[ he/PRP ]
would/MD allow/VB 
[ a/DT claim/NN ]
of/IN only/RB 
[ $/$ 19.7/CD million/CD ]
./. 

[ Minpeco/NNP attorneys/NNS ]
said/VBD 
[ they/PRP ]
would/MD appeal/VB 
[ the/DT decision/NN ]
to/TO 
[ a/DT federal/JJ district/NN court/NN ]
./. 

======================================

Regarding/VBG 
[ Mr./NNP Hunt/NNP 's/POS taxes/NNS ]
,/, 
[ he/PRP ]
and/CC 
[ the/DT IRS/NNP ]
have/VBP apparently/RB agreed/VBN on/IN 
[ a/DT basic/JJ formula/NN ]
for/IN liquidating/VBG 
[ his/PRP$ estate/NN ]
in/IN 
[ which/WDT ]

[ the/DT IRS/NNP ]
would/MD get/VB 
[ 70/CD %/NN ]
of/IN 
[ the/DT proceeds/NNS ]
from/IN 
[ a/DT liquidating/JJ trust/NN ]
and/CC 
[ 30/CD %/NN ]
would/MD go/VB to/TO 
[ other/JJ creditors/NNS ]
./. 

But/CC 
[ they/PRP ]
have/VBP been/VBN at/IN 
[ odds/NNS ]
over/IN how/WRB 
[ much/JJ Mr./NNP Hunt/NNP ]
would/MD owe/VB 
[ the/DT government/NN ]
after/IN 
[ his/PRP$ assets/NNS ]
are/VBP sold/VBN ./. 

[ The/DT IRS/NNP ]
had/VBD demanded/VBN 
[ $/$ 90/CD million/CD ]
but/CC 
[ Mr./NNP Hunt/NNP ]
would/MD agree/VB to/TO 
[ no/DT more/JJR ]
than/IN 
[ $/$ 60/CD million/CD ]
./. 

======================================

[ Grover/NNP Hartt/NNP III/NNP ]
,/, 
[ a/DT government/NN lawyer/NN ]
,/, warned/VBD that/IN 
[ Mr./NNP Hunt/NNP ]
stood/VBD to/TO lose/VB 
[ certain/JJ oil/NN ]
and/CC 
[ gas/NN properties/NNS ]
,/, 
[ $/$ 200,000/CD ]
in/IN 
[ English/JJ pottery/NN ]
,/, 
[ a/DT Colorado/NNP condominium/NN ]
and/CC 
[ other/JJ assets/NNS ]

[ he/PRP ]
might/MD have/VB kept/VBN if/IN 
[ he/PRP ]
had/VBD settled/VBN with/IN 
[ the/DT IRS/NNP ]
./. 

``/`` But/CC 
[ they/PRP ]
wanted/VBD to/TO roll/VB 
[ the/DT dice/NNS ]
and/CC 
[ we/PRP ]
're/VBP going/VBG to/TO let/VB 
[ them/PRP ]
,/, ''/'' 
[ Mr./NNP Hartt/NNP ]
said/VBD ./. 

======================================

[ Stephen/NNP McCartin/NNP ]
,/, 
[ Mr./NNP Hunt/NNP 's/POS attorney/NN ]
,/, said/VBD 
[ his/PRP$ client/NN ]
welcomed/VBD 
[ the/DT gamble/NN ]
./. 

======================================

[ The/DT Tax/NNP Court/NNP ]
is/VBZ n't/RB expected/VBN to/TO rule/VB before/IN 
[ early/RB next/JJ year/NN ]
./. 



======================================

[ Japan/NNP ]
has/VBZ found/VBN 
[ another/DT safe/JJ outlet/NN ]
for/IN 
[ its/PRP$ money/NN ]
:/: 
[ U.S./NNP home/NN mortgages/NNS ]
./. 

======================================

[ An/DT increasing/VBG number/NN ]
of/IN 
[ big/JJ Japanese/JJ investors/NNS ]
are/VBP buying/VBG up/RP 
[ U.S./NNP home/NN mortgages/NNS ]

[ that/WDT ]
have/VBP been/VBN pooled/VBN and/CC packaged/VBN for/IN 
[ sale/NN ]
as/IN 
[ interest-bearing/JJ instruments/NNS ]
known/VBN as/IN 
[ mortgage-backed/JJ securities/NNS ]
./. 

As/RB much/JJ as/IN 
[ 10/CD %/NN ]
of/IN 
[ new/JJ U.S./NNP mortgage/NN securities/NNS ]
issued/VBN by/IN 
[ the/DT Federal/NNP National/NNP Mortgage/NNP Association/NNP ]
,/, or/CC 
[ Fannie/NNP Mae/NNP ]
,/, and/CC 
[ Federal/NNP Home/NNP Loan/NNP Mortgage/NNP Corp./NNP ]
,/, or/CC 
[ Freddie/NNP Mac/NNP ]
,/, now/RB 
[ flow/VBP ]
into/IN 
[ Japanese/JJ hands/NNS ]
./. 

======================================

[ That/DT ]
may/MD not/RB come/VB as/IN 
[ a/DT surprise/NN ]
to/TO 
[ Americans/NNPS ]

[ who/WP ]
have/VBP watched/VBN 
[ the/DT Japanese/NNPS snap/VBP ]
up/RP 
[ properties/NNS ]
in/IN 
[ the/DT U.S./NNP ]
from/IN 
[ golf/NN courses/NNS ]
to/TO 
[ a/DT stake/NN ]
in/IN 
[ Rockefeller/NNP Center/NNP ]
./. 

But/CC 
[ it/PRP ]
marks/VBZ 
[ a/DT big/JJ change/NN ]
for/IN 
[ the/DT Japanese/NNPS ]
,/, 
[ who/WP ]
shunned/VBD 
[ mortgage/NN securities/NNS ]
after/IN getting/VBG burned/VBN by/IN 
[ a/DT big/JJ downturn/NN ]
in/IN 
[ interest/NN ]
rates/NNS 
[ a/DT few/JJ years/NNS ]
back/RB ./. 

======================================

``/`` 
[ You/PRP ]
ca/MD n't/RB say/VB 
[ it/PRP ]
's/VBZ 
[ a/DT ]
``/`` 
[ tsunami/NN ]
''/'' (/( 
[ tidal/JJ wave/NN ]
 )/) ,/, but/CC 
[ we/PRP ]
're/VBP making/VBG 
[ some/DT headway/NN ]
,/, ''/'' says/VBZ 
[ Fannie/NNP Mae/NNP 's/POS chairman/NN ]
,/, 
[ David/NNP O./NNP Maxwell/NNP ]
,/, 
[ who/WP ]
visits/VBZ 
[ Tokyo/NNP ]
at/IN 
[ least/JJS ]
once/RB 
[ a/DT year/NN ]
to/TO explain/VB and/CC drum/VB up/RP 
[ investor/NN interest/NN ]
in/IN 
[ mortgage/NN securities/NNS ]
./. 

``/`` 
[ Interest/NN ]
is/VBZ 
[ a/DT great/JJ deal/NN ]
higher/JJR than/IN 
[ it/PRP ]
was/VBD 
[ a/DT year/NN ]
ago/RB ./. 

''/'' 
[ The/DT steady/JJ growth/NN ]
of/IN 
[ the/DT mortgage/NN securities/NNS market/NN ]
in/IN 
[ the/DT U.S./NNP ]
has/VBZ even/RB triggered/VBN 
[ talk/NN ]
of/IN 
[ building/NN ]
up/RP 
[ a/DT similar/JJ market/NN ]
here/RB ./. 

======================================

[ Evidence/NN ]
of/IN 
[ the/DT ]
growing/VBG 
[ Japanese/JJ demand/NN ]
for/IN 
[ mortgage/NN securities/NNS ]
abounds/VBZ ./. 

Earlier/RBR 
[ this/DT year/NN ]
,/, 
[ Blackstone/NNP Group/NNP ]
,/, 
[ a/DT New/NNP York/NNP investment/NN bank/NN ]
,/, had/VBD 
[ no/DT trouble/NN ]
selling/VBG out/RP 
[ a/DT special/JJ $/$ 570/CD million/CD mortgage-securities/JJ ]
trust/NN 
[ it/PRP ]
created/VBD for/IN 
[ Japanese/JJ investors/NNS ]
./. 

[ Industrial/NNP Bank/NNP ]
of/IN 
[ Japan/NNP ]
,/, 
[ which/WDT ]
claims/VBZ to/TO be/VB 
[ the/DT biggest/JJS Japanese/JJ buyer/NN ]
of/IN 
[ U.S./NNP mortgage/NN securities/NNS ]
,/, says/VBZ 
[ it/PRP ]
will/MD more/RBR than/IN 
[ double/VB its/PRP$ purchases/NNS ]

[ this/DT year/NN ]
,/, to/TO 
[ an/DT amount/NN one/CD official/NN ]
puts/VBZ at/IN 
[ several/JJ billion/CD dollars/NNS ]
./. 

And/CC 
[ a/DT Fannie/NNP Mae/NNP seminar/NN ]

[ this/DT week/NN ]
promises/VBZ to/TO draw/VB 
[ hundreds/NNS ]
of/IN 
[ prospective/JJ investors/NNS ]
,/, 
[ who/WP ]
can/MD be/VB expected/VBN to/TO channel/VB 
[ tens/NNS ]
of/IN 
[ billions/NNS ]
of/IN 
[ dollars/NNS ]
into/IN 
[ the/DT market/NN ]
in/IN 
[ the/DT next/JJ few/JJ years/NNS ]
./. 

======================================

``/`` 
[ Last/JJ year/NN ]
,/, 
[ there/EX ]
were/VBD only/RB 
[ several/JJ big/JJ investors/NNS ]

[ who/WP ]
were/VBD interested/JJ ,/, ''/'' says/VBZ 
[ Kinji/NNP Kato/NNP ]
,/, 
[ a/DT vice/NN president/NN ]
at/IN 
[ the/DT international/JJ arm/NN ]
of/IN 
[ Nomura/NNP Securities/NNPS Co/NNP ]
./. 

``/`` 
[ This/DT year/NN ]
,/, 
[ some/DT investors/NNS ]
are/VBP changing/VBG 
[ their/PRP$ policies/NNS ]
and/CC investing/VBG 
[ a/DT lot/NN ]
./. 

''/'' Ultimately/RB ,/, 
[ he/PRP ]
says/VBZ ,/, 
[ strong/JJ demand/NN ]
could/MD help/VB to/TO drive/VB down/RP 
[ interest/NN rates/NNS ]
on/IN 
[ mortgage/NN securities/NNS ]
./. 

======================================

At/IN 
[ the/DT moment/NN ]
,/, 
[ Nomura/NNP ]
is/VBZ 
[ the/DT only/JJ Japanese/JJ institution/NN ]
authorized/VBN to/TO act/VB as/IN 
[ a/DT primary/JJ seller/NN ]
of/IN 
[ Fannie/NNP Mae/NNP instruments/NNS ]
./. 

But/CC 
[ other/JJ Japanese/JJ institutions/NNS ]
say/VBP privately/RB that/IN 
[ they/PRP ]
are/VBP considering/VBG asking/VBG to/TO join/VB 
[ the/DT 59-dealer/JJ selling/VBG group/NN ]
./. 

======================================

[ These/DT securities/NNS ]
are/VBP attractive/JJ to/TO 
[ Japanese/JJ investors/NNS ]
for/IN 
[ three/CD reasons/NNS ]
./. 

First/LS ,/, 
[ they/PRP ]
are/VBP safe/JJ ./. 

While/IN 
[ they/PRP ]
are/VBP n't/RB backed/VBN by/IN 
[ the/DT full/JJ faith/NN ]
and/CC 
[ credit/NN ]
of/IN 
[ the/DT U.S./NNP government/NN ]
,/, as/IN 
[ Treasury/NNP bonds/NNS ]
are/VBP ,/, 
[ it/PRP ]
is/VBZ widely/RB assumed/VBN that/IN 
[ the/DT government/NN ]
would/MD support/VB 
[ them/PRP ]
if/IN 
[ necessary/JJ ]
./. 

 (/( 
[ U.S./NNP Treasury/NNP bonds/NNS ]
are/VBP still/RB 
[ the/DT dollar-denominated/JJ investment/NN ]
of/IN 
[ choice/NN ]
for/IN 
[ long-term/JJ Japanese/JJ investors/NNS ]
 )/) ./. 

Second/LS ,/,  
[ they/PRP ]
are/VBP liquid/JJ ./. 

[ The/DT secondary/JJ market/NN ]
in/IN federally/RB backed/JJ 
[ mortgage/NN securities/NNS ]
now/RB exceeds/VBZ 
[ $/$ 900/CD billion/CD ]
,/, or/CC nearly/RB 
[ half/NN ]
of/IN 
[ the/DT $/$ 2.2/CD trillion/CD ]
in/IN 
[ U.S./NNP residential/JJ mortgages/NNS ]
issued/VBN ./. 

Third/LS ,/,  
[ they/PRP ]
offer/VBP 
[ high/JJ yields/NNS ]
./. 

At/IN 
[ the/DT moment/NN ]
,/, 
[ some/DT ]
offer/VBP as/RB much/JJ as/IN 
[ 1.6/CD ]
to/TO 
[ 1.8/CD percentage/NN points/NNS ]
over/IN 
[ Treasury/NNP securities/NNS ]
of/IN 
[ similar/JJ maturities/NNS ]
./. 

======================================

But/CC 
[ there/EX ]
is/VBZ 
[ a/DT risk/NN ]
,/, 
[ which/WDT ]

[ the/DT Japanese/NNPS ]
discovered/VBD when/WRB 
[ they/PRP ]
first/RB dipped/VBD 
[ their/PRP$ toes/NNS ]
into/IN 
[ the/DT market/NN ]
nearly/RB 
[ five/CD years/NNS ]
ago/RB ./. 

Since/IN 
[ most/JJS mortgages/NNS ]
can/MD be/VB 
[ prepaid/VBN ]
or/CC refinanced/VBN at/IN 
[ any/DT time/NN ]
,/, 
[ issuers/NNS ]
of/IN 
[ mortgage/NN securities/NNS ]
retain/VBP 
[ the/DT right/NN ]
to/TO buy/VB back/RB 
[ their/PRP$ bonds/NNS ]
before/IN 
[ maturity/NN ]
./. 

[ That/DT ]
's/VBZ 
[ a/DT headache/NN ]
for/IN 
[ long-term/JJ investors/NNS ]
,/, since/IN 
[ it/PRP ]
forces/VBZ 
[ them/PRP ]
to/TO reinvest/VB 
[ their/PRP$ money/NN ]
--/: usually/RB at/IN 
[ lower/JJR rates/NNS ]
than/IN 
[ the/DT original/JJ mortgage/NN securities/NNS ]
carried/VBD ./. 

======================================

``/`` 
[ Two/CD ]
or/CC 
[ three/CD years/NNS ]
ago/RB ,/, 
[ the/DT problem/NN ]
was/VBD that/IN 
[ people/NNS ]
did/VBD n't/RB understand/VB 
[ the/DT prepayment/NN risk/NN ]
,/, ''/'' says/VBZ 
[ Nomura/NN 's/POS Mr./NNP Kato/NNP ]
./. 

``/`` So/RB 
[ they/PRP ]
were/VBD surprised/JJ and/CC very/RB disappointed/JJ by/IN 
[ prepayment/NN ]
./. 

''/'' 
======================================

Compounding/VBG 
[ the/DT trouble/NN ]
to/TO 
[ Japanese/JJ investors/NNS ]
,/, 
[ mortgage/NN securities/NNS ]
pay/VBP 
[ interest/NN ]
monthly/RB ,/, since/IN 
[ most/JJS mortgages/NNS ]
require/VBP 
[ homeowners/NNS ]
to/TO make/VB 
[ monthly/JJ payments/NNS ]
./. 

But/CC 
[ Japanese/JJ institutional/JJ investors/NNS ]
are/VBP used/VBN to/TO 
[ quarterly/JJ ]
or/CC 
[ semiannual/JJ payments/NNS ]
on/IN 
[ their/PRP$ investments/NNS ]
,/, so/IN 
[ the/DT monthly/JJ cash/NN flow/NN ]
posed/VBD 
[ administrative/JJ problems/NNS ]
./. 

As/IN 
[ a/DT result/NN ]
,/, 
[ Japanese/JJ investors/NNS ]
steered/VBD clear/RB of/IN 
[ the/DT mortgage/NN securities/NNS ]
./. 

======================================

But/CC 
[ they/PRP ]
did/VBD n't/RB lose/VB 
[ touch/NN ]
with/IN 
[ the/DT U.S./NNP issuers/NNS ]
./. 

Since/IN 
[ 1985/CD ]
,/, 
[ Japanese/JJ investors/NNS ]
have/VBP bought/VBN nearly/RB 
[ 80/CD %/NN ]
of/IN 
[ $/$ 10/CD billion/CD ]
in/IN 
[ Fannie/NNP Mae/NNP corporate/JJ debt/NN ]
issued/VBN to/TO 
[ foreigners/NNS ]
,/, 
[ money/NN ]
that/IN 
[ Fannie/NNP Mae/NNP ]
uses/VBZ to/TO buy/VB 
[ mortgages/NNS ]
from/IN 
[ U.S./NNP banks/NNS ]
./. 

And/CC 
[ Japanese/JJ investors/NNS ]
took/VBD up/RB nearly/RB 
[ all/DT ]
of/IN 
[ two/CD $/$ 200/CD million/CD Real/JJ Estate/NNP Mortgage/NNP Investment/NNP Conduits/NNS ]
,/, 
[ a/DT kind/NN ]
of/IN 
[ collateralized/JJ mortgage/NN obligation/NN ]
,/, 
[ that/WDT ]
were/VBD offered/VBN to/TO 
[ foreigners/NNS ]

[ this/DT year/NN ]
./. 

======================================

In/IN 
[ addition/NN ]
,/, further/JJ packaging/NN of/IN 
[ mortgage-backed/JJ securities/NNS ]
,/, such/JJ as/IN 
[ Blackstone/VBP 's/POS fund/NN ]
,/, have/VB reduced/VBN 
[ the/DT effects/NNS ]
of/IN 
[ prepayment/NN risk/NN ]
and/CC automatically/RB reinvest/VB 
[ monthly/JJ payments/NNS ]
so/IN 
[ institutions/NNS ]
do/VBP n't/RB have/VB to/TO ./. 

[ Freddie/NNP Mac/NNP ]
for/IN 
[ years/NNS ]
has/VBZ offered/VBN 
[ a/DT so-called/JJ participation/NN certificate/NN ]

[ that/WDT ]
guarantees/VBZ 
[ it/PRP ]
wo/MD n't/RB be/VB 
[ prepaid/VBN ]
for/IN 
[ a/DT set/NN number/NN ]
of/IN 
[ years/NNS ]
and/CC offers/VBZ 
[ semiannual/JJ payments/NNS ]
./. 



======================================

As/IN 
[ Georgia-Pacific/NNP 's/POS bid/NN ]
for/IN 
[ Great/NNP Northern/NNP Nekoosa/NNP ]
has/VBZ shown/VBN ,/, 
[ uninvited/JJ takeovers/NNS ]
are/VBP still/RB alive/JJ despite/IN 
[ premature/JJ reports/NNS ]
of/IN 
[ their/PRP$ demise/NN ]
./. 

Therefore/RB ,/, 
[ the/DT debate/NN ]
about/IN 
[ poison/NN pills/NNS ]
will/MD continue/VB to/TO rage/VB in/IN 
[ the/DT boardrooms/NNS ]
of/IN 
[ corporations/NNS ]
and/CC 
[ the/DT halls/NNS ]
of/IN 
[ academia/NN ]
./. 

======================================

Although/IN 
[ poison/NN pills/NNS ]
come/VBP in/IN 
[ different/JJ colors/NNS ]
and/CC 
[ shapes/NNS ]
,/, 
[ they/PRP ]
usually/RB give/VBP 
[ current/JJ shareholders/NNS ]

[ the/DT right/NN ]
to/TO buy/VB 
[ more/JJR stock/NN ]
of/IN 
[ their/PRP$ corporation/NN ]
at/IN 
[ a/DT large/JJ discount/NN ]
if/IN 
[ certain/JJ events/NNS ]
occur/VBP --/: typically/RB ,/, if/IN 
[ a/DT hostile/JJ bidder/NN ]
acquires/VBZ more/JJR than/IN 
[ a/DT specified/JJ percentage/NN ]
of/IN 
[ the/DT corporation/NN 's/POS stock/NN ]
./. 

However/RB ,/, 
[ these/DT ]
discount/NN 
[ purchase/NN  rights/NNS ]
may/MD generally/RB be/VB redeemed/VBN at/IN 
[ a/DT nominal/JJ cost/NN ]
by/IN 
[ the/DT corporation/NN 's/POS directors/NNS ]
if/IN 
[ they/PRP ]
approve/VBP of/IN 
[ a/DT bidder/NN ]
./. 

======================================

[ Supporters/NNS ]
of/IN 
[ poison/NN pills/NNS ]
argue/VBP 
[ that/DT their/PRP$ adoption/NN ]
forces/VBZ 
[ bidders/NNS ]
to/TO negotiate/VB with/IN 
[ a/DT corporation/NN 's/POS directors/NNS ]
,/, 
[ who/WP ]
are/VBP thereby/RB put/VBN in/IN 
[ a/DT better/JJR position/NN ]
to/TO pursue/VB 
[ the/DT long-term/JJ interests/NNS ]
of/IN 
[ the/DT corporation/NN ]
./. 

[ Recent/JJ studies/NNS ]
by/IN 
[ Georgeson/NNP ]
&/CC 
[ Co./NNP ]
conclude/VBP that/IN 
[ corporations/NNS ]
with/IN 
[ poison/NN pills/NNS ]
have/VBP experienced/VBN 
[ greater/JJR stock-price/JJ appreciation/NN ]
than/IN 
[ corporations/NNS ]
without/IN 
[ poison/NN pills/NNS ]
during/IN 
[ the/DT past/JJ few/JJ years/NNS ]
./. 

======================================

[ Critics/NNS ]
of/IN 
[ poison/NN pills/NNS ]
argue/VBP that/IN 
[ they/PRP ]
harm/VBP 
[ shareholders/NNS ]
by/IN letting/VBG 
[ corporate/JJ management/NN defeat/VB takeover/NN bids/NNS ]
at/IN 
[ premium/JJ prices/NNS ]
and/CC by/IN 
[ deterring/VBG premium/JJ bids/NNS ]
from/IN ever/RB being/VBG made/VBN to/TO 
[ shareholders/NNS ]
./. 

[ These/DT critics/NNS ]
are/VBP backed/VBN by/IN 
[ several/JJ academic/JJ studies/NNS ]
showing/VBG that/IN 
[ the/DT adoption/NN ]
of/IN 
[ poison/NN pills/NNS ]
reduces/VBZ 
[ shareholder/NN values/NNS ]
not/RB merely/RB in/IN 
[ the/DT short/JJ ]
run/NN ,/, but/CC also/RB over/IN 
[ longer/JJR periods/NNS ]
./. 

======================================

[ Institutional/JJ investors/NNS ]

[ that/WDT ]
must/MD evaluate/VB 
[ poison/NN pills/NNS ]
on/IN 
[ a/DT regular/JJ basis/NN ]
are/VBP interested/JJ less/RBR in/IN 
[ this/DT general/JJ debate/NN ]
than/IN in/IN 
[ the/DT answers/NNS ]
to/TO 
[ specific/JJ questions/NNS ]
about/IN 
[ the/DT corporation/NN ]
issuing/VBG 
[ the/DT pill/NN ]
./. 

Does/VBZ 
[ this/DT corporation/NN ]
have/VB 
[ a/DT high-quality/JJ management/NN team/NN ]
with/IN 
[ a/DT good/JJ track/NN record/NN ]
?/. 

Does/VBZ 
[ this/DT team/NN ]
have/VB 
[ a/DT viable/JJ strategy/NN ]
for/IN 
[ improving/VBG shareholder/NN values/NNS ]
,/, and/CC does/VBZ 
[ this/DT strategy/NN ]
require/VB 
[ implementation/NN ]
over/IN 
[ an/DT extended/JJ period/NN ]
?/. 

Will/MD 
[ the/DT adoption/NN ]
of/IN 
[ this/DT particular/JJ form/NN ]
of/IN 
[ a/DT poison/NN pill/NN ]
significantly/RB improve/VB 
[ the/DT chances/NNS ]
for/IN 
[ management/NN ]
to/TO carry/VB out/RP 
[ this/DT strategy/NN ]
?/. 

======================================

If/IN 
[ the/DT answers/NNS ]
to/TO 
[ these/DT questions/NNS ]
are/VBP affirmative/JJ ,/, then/RB 
[ institutional/JJ investors/NNS ]
are/VBP likely/JJ to/TO be/VB favorably/RB disposed/JJ toward/IN 
[ a/DT specific/JJ poison/NN pill/NN ]
./. 

However/RB ,/, 
[ the/DT problem/NN ]
is/VBZ 
[ that/DT ]
once/RB 
[ most/JJS poison/JJ pills/NNS ]
are/VBP adopted/VBN ,/, 
[ they/PRP ]
survive/VBP forever/RB ./. 

Although/IN 
[ the/DT current/JJ management/NN team/NN ]
may/MD be/VB outstanding/JJ ,/, 
[ who/WP ]
will/MD be/VB 
[ the/DT CEO/NNP ]
in/IN 
[ 10/CD years/NNS ]
?/. 

Although/IN 
[ the/DT five-year/JJ strategy/NN ]
may/MD be/VB excellent/JJ ,/, 
[ what/WP ]
will/MD be/VB 
[ the/DT strategy/NN ]
in/IN 
[ 25/CD years/NNS ]
?/. 

======================================

[ The/DT solution/NN ]
to/TO 
[ this/DT problem/NN ]
is/VBZ 
[ a/DT time-limited/JJ poison/NN pill/NN ]
./. 

[ The/DT limit/NN ]
could/MD range/VB from/IN 
[ three/CD years/NNS ]
to/TO 
[ seven/CD years/NNS ]
,/, depending/VBG on/IN 
[ the/DT composition/NN ]
of/IN 
[ the/DT management/NN team/NN ]
and/CC 
[ the/DT nature/NN ]
of/IN 
[ its/PRP$ strategic/JJ plan/NN ]
./. 

At/IN 
[ the/DT end/NN ]
of/IN 
[ this/DT period/NN ]
,/, 
[ the/DT poison/NN pill/NN ]
would/MD be/VB eliminated/VBN automatically/RB ,/, unless/IN 
[ a/DT new/JJ poison/NN pill/NN ]
were/VBD approved/VBN by/IN 
[ the/DT then-current/JJ shareholders/NNS ]
,/, 
[ who/WP ]
would/MD have/VB 
[ an/DT opportunity/NN ]
to/TO evaluate/VB 
[ the/DT corporation/NN 's/POS strategy/NN ]
and/CC 
[ management/NN team/NN ]
at/IN 
[ that/DT time/NN ]
./. 

======================================

[ One/CD rare/JJ example/NN ]
of/IN 
[ a/DT time-limited/JJ poison/NN pill/NN ]
is/VBZ 
[ the/DT shareholder/NN rights/NNS plan/NN ]
adopted/VBN by/IN 
[ Pennzoil/NNP last/JJ year/NN ]
after/IN 
[ it/PRP ]
received/VBD 
[ a/DT huge/JJ litigation/NN settlement/NN ]
from/IN 
[ Texaco/NNP ]
./. 

[ Pennzoil/NNP 's/POS poison/NN pill/NN ]
covers/VBZ 
[ five/CD years/NNS ]
in/IN 
[ order/NN ]
to/TO give/VB 
[ current/JJ management/NN enough/JJ time/NN ]
to/TO put/VB 
[ these/DT proceeds/NNS ]
to/TO work/VB in/IN 
[ a/DT prudent/JJ manner/NN ]
./. 

======================================

[ Another/DT interesting/JJ example/NN ]
is/VBZ 
[ the/DT poison/NN pill/NN ]
adopted/VBN recently/RB by/IN 
[ Pittsburgh-based/JJ National/NNP Intergroup/NNP Inc./NNP ]
,/, 
[ a/DT diversified/JJ holding/VBG company/NN ]
./. 

[ The/DT State/NNP ]
of/IN 
[ Wisconsin/NNP Investment/NNP Board/NNP ]
,/, 
[ which/WDT ]
owned/VBD about/IN 
[ 7/CD %/NN ]
of/IN 
[ the/DT company/NN 's/POS voting/NN stock/NN ]
,/, worked/VBD with/IN 
[ management/NN ]
to/TO devise/VB 
[ a/DT time-limited/JJ poison/NN pill/NN ]
./. 

[ This/DT pill/NN ]
automatically/RB expires/VBZ after/IN 
[ three/CD years/NNS ]
unless/IN continued/VBN by/IN 
[ a/DT vote/NN ]
of/IN 
[ the/DT shareholders/NNS ]
./. 

======================================

[ The/DT attitude/NN ]
of/IN 
[ the/DT Wisconsin/NNP Investment/NNP Board/NNP ]
reflects/VBZ 
[ a/DT growing/VBG receptivity/NN ]
to/TO 
[ time-limited/JJ poison/NN pills/NNS ]
on/IN 
[ the/DT part/NN ]
of/IN 
[ institutional/JJ investors/NNS ]
,/, as/IN shown/VBN by/IN 
[ the/DT discussions/NNS ]
at/IN 
[ recent/JJ meetings/NNS ]
of/IN 
[ the/DT Council/NNP ]
of/IN 
[ Institutional/NNP Investors/NNPS ]
and/CC 
[ my/PRP$ informal/JJ survey/NN ]
of/IN 
[ several/JJ retirement/NN plans/NNS ]
with/IN 
[ large/JJ stock/NN positions/NNS ]
./. 

======================================

[ More/RBR widespread/JJ time/NN limits/NNS ]
on/IN 
[ poison/NN pills/NNS ]
would/MD allow/VB 
[ shareholders/NNS ]
to/TO evaluate/VB 
[ a/DT specific/JJ poison/NN pill/NN ]
within/IN 
[ the/DT context/NN ]
of/IN 
[ a/DT specific/JJ management/NN team/NN 's/POS strategy/NN ]
./. 

[ Such/JJ concrete/JJ analysis/NN ]
is/VBZ likely/JJ to/TO lead/VB to/TO 
[ more/RBR fruitful/JJ dialogue/NN ]
between/IN 
[ management/NN ]
and/CC 
[ shareholders/NNS ]
than/IN 
[ the/DT abstract/JJ debate/NN ]
about/IN 
[ poison/NN pills/NNS ]
./. 

======================================

[ Mr./NNP Pozen/NNP ]
is/VBZ 
[ the/DT general/JJ counsel/NN ]
and/CC 
[ a/DT managing/VBG director/NN ]
of/IN 
[ Fidelity/NNP Investments/NNPS ]
in/IN 
[ Boston/NNP ]
./. 



======================================

[ Michael/NNP Blair/NNP ]
,/, 
[ former/JJ president/NN ]
and/CC 
[ chief/JJ executive/NN officer/NN ]
of/IN 
[ Enfield/NNP Corp./NNP ]
,/, failed/VBD to/TO win/VB 
[ election/NN ]
to/TO 
[ the/DT company/NN 's/POS board/NN ]
at/IN 
[ a/DT special/JJ shareholder/NN meeting/NN ]
./. 

======================================

[ Mr./NNP Blair/NNP ]
said/VBD after/IN 
[ the/DT meeting/NN ]
that/IN 
[ he/PRP ]
had/VBD filed/VBN 
[ separate/JJ lawsuits/NNS ]
in/IN 
[ the/DT Ontario/NNP Supreme/NNP Court/NNP ]
for/IN 
[ unjust/JJ dismissal/NN ]
against/IN 
[ Enfield/NNP ]
and/CC for/IN 
[ libel/NN ]
against/IN 
[ its/PRP$ largest/JJS shareholder/NN ]
,/, 
[ Canadian/NNP Express/NNP Ltd./NNP ]
,/, and/CC 
[ two/CD executives/NNS ]
of/IN 
[ Hees/NNP International/NNP Bancorp/NNP Inc./NNP ]
,/, 
[ which/WDT ]
controls/VBZ 
[ Canadian/NNP Express/NNP ]
./. 

======================================

[ Holders/NNS ]
at/IN 
[ the/DT meeting/NN ]
elected/VBD 
[ a/DT full/JJ slate/NN ]
of/IN 
[ Canadian/NNP Express/NNP ]
nominees/NNS to/TO 
[ Enfield/NNP 's/POS 11-member/JJ board/NN ]
./. 

======================================

[ Mr./NNP Blair/NNP ]
and/CC 
[ Hees/NNP ]
have/VBP been/VBN feuding/VBG for/IN 
[ months/NNS ]
./. 

[ Yesterday/NN 's/POS election/NN ]
was/VBD 
[ a/DT sequel/NN ]
to/TO 
[ Enfield/NNP 's/POS annual/JJ meeting/NN ]
in/IN 
[ June/NNP ]
when/WRB 
[ Mr./NNP Blair/NNP ]
disallowed/VBD 
[ proxies/NNS ]
in/IN 
[ favor/NN ]
of/IN 
[ two/CD Hees/NNP nominees/NNS ]
./. 

[ The/DT Ontario/NNP Supreme/NNP Court/NNP ]
overturned/VBD 
[ Mr./NNP Blair/NNP 's/POS decision/NN ]
./. 

[ He/PRP ]
later/RB resigned/VBD from/IN 
[ his/PRP$ executive/NN positions/NNS ]
with/IN 
[ Enfield/NNP ]
,/, saying/VBG that/IN 
[ actions/NNS ]
by/IN 
[ its/PRP$ board/NN ]
``/`` amounted/VBD to/TO {/( 
[ my/PRP$ ]
 }/) 
[ dismissal/NN ]
./. 

''/'' 
======================================

[ Mr./NNP Blair/NNP ]
said/VBD 
[ his/PRP$ libel/NN suit/NN ]
seeks/VBZ 
[ 10/CD million/CD Canadian/JJ dollars/NNS ]
 (/( 
[ US$/$ 8.5/CD million/CD ]
 )/) from/IN 
[ Canadian/NNP Express/NNP ]
and/CC 
[ Hees/NNP executives/NNS Manfred/NNP Walt/NNP ]
and/CC 
[ Willard/NNP L'Heureux/NNP ]
./. 

[ He/PRP ]
said/VBD 
[ his/PRP$ suit/NN ]
against/IN 
[ Enfield/NNP ]
seeks/VBZ 
[ two/CD years/NNS severance/NN pay/NN ]
,/, equivalent/JJ to/TO 
[ C$/$ 720,000/CD ]
./. 

[ Hees/NNP ]
and/CC 
[ Canadian/NNP Express/NNP executives/NNS ]
could/MD n't/RB be/VB reached/VBN for/IN 
[ comment/NN ]
./. 

======================================

[ Enfield/NNP ]
is/VBZ 
[ a/DT holding/VBG company/NN ]
with/IN 
[ interests/NNS ]
in/IN manufacturing/VBG 
[ concerns/NNS ]
./. 

[ It/PRP ]
is/VBZ 
[ 38.5/CD %/NN ]
owned/VBN by/IN 
[ Canadian/NNP Express/NNP ]
,/, 
[ another/DT holding/VBG company/NN ]
./. 

[ Hees/NNP ]
is/VBZ 
[ a/DT merchant/NN bank/NN ]
controlled/VBN by/IN 
[ Toronto/NNP financiers/NNS Peter/NNP ]
and/CC 
[ Edward/NNP Bronfman/NNP ]
./. 

[ All/PDT the/DT concerns/NNS ]
are/VBP based/VBN in/IN 
[ Toronto/NNP ]
./. 



======================================

Buying/VBG 
[ 51/CD %/NN ]
of/IN 
[ Rockefeller/NNP Group/NNP Inc./NNP ]
is/VBZ right/RB up/RB 
[ Mitsubishi/NNP Estate/NNP Co./NNP 's/POS alley/NN ]
in/IN 
[ one/CD sense/NN ]
:/: 
[ The/DT huge/JJ Japanese/JJ real/JJ estate/NN company/NN ]
is/VBZ entering/VBG 
[ a/DT long-term/JJ relationship/NN ]
with/IN 
[ a/DT ]
similarly/RB 
[ conservative/JJ U.S./NNP owner/NN ]
of/IN 
[ tony/JJ urban/JJ property/NN ]
./. 

======================================

But/CC in/IN 
[ another/DT sense/NN ]
,/, 
[ the/DT $/$ 846/CD million/CD purchase/NN ]
is/VBZ uncharacteristically/RB 
[ nervy/JJ ]
,/, 
[ industry/NN analysts/NNS ]
say/VBP ./. 

[ The/DT ]
usually/RB 
[ cautious/JJ giant/NN ]
will/MD become/VB 
[ the/DT majority/NN owner/NN ]
of/IN 
[ the/DT company/NN ]

[ that/WDT ]
owns/VBZ 
[ New/NNP York/NNP 's/POS beloved/JJ Rockefeller/NNP Center/NNP ]
at/IN 
[ a/DT time/NN ]
when/WRB 
[ tensions/NNS ]
over/IN 
[ Japanese/JJ purchases/NNS ]
of/IN 
[ U.S./NNP property/NN ]
are/VBP at/IN 
[ an/DT all-time/JJ high/NN ]
./. 

======================================

[ Officials/NNS ]
of/IN 
[ Rockefeller/NNP Group/NNP ]
and/CC 
[ Mitsubishi/NNP Estate/NNP ]
prefer/VBP to/TO focus/VB on/IN 
[ the/DT affinities/NNS ]
,/, nearly/RB dismissing/VBG 
[ the/DT threat/NN ]
of/IN 
[ a/DT backlash/NN ]
from/IN 
[ the/DT U.S./NNP public/NN ]
./. 

``/`` 
[ We/PRP ]
think/VBP 
[ there/EX ]
will/MD be/VB positive/JJ as/RB well/RB as/IN 
[ negative/JJ reactions/NNS ]
,/, ''/'' says/VBZ 
[ Raymond/NNP Pettit/NNP ]
,/, 
[ senior/JJ vice/NN president/NN ]
and/CC 
[ chief/JJ financial/JJ officer/NN ]
of/IN 
[ Rockefeller/NNP Group/NNP ]
./. 

``/`` On/IN 
[ balance/NN ]
,/, 
[ we/PRP ]
think/VBP 
[ it/PRP ]
will/MD be/VB positive/JJ ./. 

''/'' 
======================================

But/CC 
[ some/DT Japanese/JJ government/NN officials/NNS ]
and/CC 
[ businessmen/NNS ]
worry/VBP that/IN 
[ the/DT prominent/JJ purchase/NN ]
is/VBZ just/RB 
[ the/DT sort/NN ]
of/IN 
[ deal/NN ]

[ that/WDT ]
should/MD be/VB avoided/VBN for/IN 
[ the/DT time/NN ]
being/VBG ./. 

In/RB 
[ particular/RB ]
,/, 
[ they/PRP ]
criticize/VBP 
[ the/DT timing/NN ]
,/, coming/VBG as/IN 
[ it/PRP ]
does/VBZ on/IN 
[ the/DT heels/NNS ]
of/IN 
[ Sony/NNP Corp./NNP 's/POS controversial/JJ purchase/NN ]
of/IN 
[ Columbia/NNP Pictures/NNPS Entertainment/NNP Inc/NNP ]
./. 

======================================

``/`` Officially/RB ,/, yes/UH ,/, 
[ we/PRP ]
encourage/VBP 
[ the/DT free/JJ flow/NN ]
of/IN 
[ direct/JJ investment/NN ]
,/, ''/'' says/VBZ 
[ a/DT Foreign/NNP Ministry/NNP official/NN ]
./. 

``/`` But/CC 
[ they/PRP ]
did/VBD n't/RB have/VB to/TO choose/VB 
[ this/DT particular/JJ moment/NN ]
./. 

''/'' 
======================================

During/IN 
[ the/DT past/JJ year/NN ]
,/, 
[ government/NN officials/NNS ]
and/CC 
[ leading/VBG business/NN organizations/NNS ]
have/VBP repeatedly/RB urged/VBN 
[ Japanese/JJ companies/NNS ]
to/TO refrain/VB from/IN 
[ flashy/JJ real/JJ estate/NN purchases/NNS ]
in/IN 
[ the/DT ]

======================================

Since/IN 
[ the/DT mid-1980s/NNS ]
,/, 
[ Japan/NNP 's/POS other/JJ major/JJ real/JJ estate/NN purchases/NNS ]
in/IN 
[ the/DT U.S./NNP ]
include/VBP 
[ Dai-Ichi/NNP Seimei/NNP America/NNP Corp./NNP 's/POS $/$ 670/CD million/CD purchase/NN ]
of/IN 
[ an/DT office/NN building/NN ]
at/IN 
[ 153/CD East/NNP 53rd/CD St./NNP ]
in/IN 
[ Manhattan/NNP ]
in/IN 
[ 1987/CD ]
and/CC 
[ Mitsui/NNP Fudosan/NNP Inc./NNP 's/POS $/$ 610/CD million/CD purchase/NN ]
of/IN 
[ the/DT Exxon/NNP Building/NNP ]
,/, 
[ part/NN ]
of/IN 
[ Rockefeller/NNP Center/NNP ]
,/, in/IN 
[ 1986/CD ]
./. 

In/IN 
[ Los/NNP Angeles/NNP ]
,/, 
[ Arco/NNP Plaza/NNP ]
was/VBD sold/VBN to/TO 
[ Shuwa/NNP Corp./NNP ]
for/IN 
[ $/$ 620/CD million/CD ]
in/IN 
[ 1986/CD ]
,/, and/CC 
[ Sumitomo/NNP Life/NNP Insurance/NNP Co./NNP ]
paid/VBD 
[ $/$ 300/CD million/CD ]
for/IN 
[ Atlanta/NNP 's/POS IBM/NNP Tower/NNP last/JJ year/NN ]
./. 

======================================

Altogether/RB ,/, 
[ annual/JJ Japanese/JJ investment/NN ]
in/IN 
[ U.S./NNP commercial/JJ real/NN estate/NN ]
grew/VBD from/IN about/IN 
[ $/$ 1.3/CD billion/CD ]
in/IN 
[ 1985/CD ]
to/TO about/IN 
[ $/$ 7.1/CD billion/CD ]
in/IN 
[ 1988/CD ]
./. 

======================================

[ Many/JJ Japanese/JJ companies/NNS ]
have/VBP taken/VBN 
[ the/DT warnings/NNS ]
by/IN 
[ the/DT country/NN 's/POS leaders/NNS ]
to/TO 
[ heart/NN ]
and/CC sought/VBD 
[ development/NN partnerships/NNS ]
rather/RB than/IN 
[ landmark/NN properties/NNS ]
./. 

[ Critics/NNS ]
say/VBP 
[ Mitsubishi/NNP Estate/NNP 's/POS decision/NN ]
to/TO buy/VB into/IN 
[ Rockefeller/NNP ]
reflects/VBZ 
[ the/DT degree/NN ]
to/TO 
[ which/WDT companies/NNS ]
are/VBP irritated/JJ by/IN 
[ the/DT pressure/NN ]
to/TO act/VB for/IN 
[ the/DT good/NN ]
of/IN 
[ Japan/NNP ]
./. 

``/`` 
[ Those/DT ]

[ who/WP ]
have/VBP 
[ no/DT money/NN ]
and/CC are/VBP n't/RB buying/VBG think/VB 
[ it/PRP ]
's/VBZ right/JJ to/TO refrain/VB ,/, but/CC 
[ those/DT ]
with/IN 
[ money/NN ]

[ who/WP ]
want/VBP to/TO buy/VB for/IN 
[ themselves/PRP ]
pay/VBP 
[ no/DT attention/NN ]
,/, ''/'' says/VBZ 
[ an/DT official/NN ]
of/IN 
[ the/DT Japan-U.S/NNP ]
./. 

[ Business/NNP Council/NNP ]
./. 

======================================

But/CC to/TO 
[ Mitsubishi/NNP Estate/NNP ]
,/, 
[ the/DT acquisition/NN ]
has/VBZ just/RB 
[ the/DT elements/NNS ]

[ that/WDT ]
should/MD win/VB support/NN from/IN 
[ both/DT ]

[ sides/NNS ]
./. 

[ First/RB ]
of/IN 
[ all/RB ]
,/, 
[ it/PRP ]
is/VBZ 
[ a/DT friendly/JJ acquisition/NN ]
in/IN 
[ which/WDT ]

[ Rockefeller/NNP ]
sought/VBD out/RP 
[ Mitsubishi/NNP Estate/NNP ]
and/CC asked/VBD 
[ it/PRP ]
to/TO buy/VB 
[ a/DT majority/NN share/NN ]
./. 

Secondly/RB ,/, 
[ the/DT two/CD companies/NNS ]
found/VBD 
[ a/DT similarity/NN ]
in/IN 
[ their/PRP$ business/NN ]
and/CC 
[ development/NN philosophies/NNS ]
and/CC intend/VBP to/TO cooperate/VB in/IN 
[ a/DT range/NN ]
of/IN 
[ activities/NNS ]
from/IN 
[ real/JJ estate/NN ]
to/TO 
[ telecommunications/NN ]
./. 

Finally/RB ,/, 
[ Mitsubishi/NNP Estate/NNP ]
has/VBZ 
[ no/DT plans/NNS ]
to/TO interfere/VB with/IN 
[ Rockefeller/NNP 's/POS management/NN ]
beyond/IN taking/VBG 
[ a/DT place/NN ]
on/IN 
[ the/DT board/NN ]
./. 

======================================

``/`` 
[ We/PRP ]
'll/MD continue/VB to/TO work/VB with/IN 
[ them/PRP ]
,/, in/IN keeping/VBG with/IN 
[ the/DT reputation/NN ]
of/IN 
[ the/DT company/NN ]
,/, and/CC 
[ we/PRP ]
'll/MD rely/VB very/RB much/RB on/IN 
[ their/PRP$ leadership/NN ]
,/, ''/'' says/VBZ 
[ Mitsubishi/NNP Estate/NNP President/NNP Jotaro/NNP Takagi/NNP ]
./. 

======================================

[ Rockefeller/NNP ]
may/MD well/RB have/VB found/VBN 
[ its/PRP$ match/NN ]
in/IN 
[ Mitsubishi/NNP Estate/NNP ]
,/, 
[ a/DT company/NN ]
of/IN 
[ long/JJ history/NN ]
,/, 
[ strong/JJ government/NN ties/NNS ]
and/CC 
[ sound/JJ resources/NNS ]
./. 

In/IN 
[ asset/NN terms/NNS ]
,/, 
[ Mitsubishi/NNP Estate/NNP ]
is/VBZ 
[ the/DT largest/JJS real/JJ estate/NN firm/NN ]
in/IN 
[ Japan/NNP ]
./. 

[ The/DT core/NN ]
of/IN 
[ its/PRP$ holdings/NNS ]
is/VBZ 
[ 190,000/CD square/JJ meters/NNS ]
of/IN incredibly/RB 
[ expensive/JJ property/NN ]
in/IN 
[ the/DT Marunouchi/NNP district/NN ]
,/, 
[ the/DT business/NN ]
and/CC 
[ financial/JJ center/NN ]
of/IN 
[ Tokyo/NNP ]
,/, often/RB jokingly/RB called/VBN ``/`` 
[ Mitsubishi/NNP Village/NNP ]
./. 

''/'' 
======================================

[ The/DT Mitsubishi/NNP family/NN company/NN ]
acquired/VBD that/IN 
[ property/NN ]
from/IN 
[ the/DT government/NN ]

[ some/DT 100/CD years/NNS ]
ago/RB when/WRB 
[ it/PRP ]
was/VBD 
[ a/DT portion/NN ]
of/IN 
[ samurai/NN residential/JJ land/NN ]
running/VBG from/IN 
[ the/DT moat/NN ]
of/IN 
[ the/DT Imperial/NNP Palace/NNP east/RB ]
toward/IN 
[ the/DT hodgepodge/NN ]
of/IN 
[ tiny/JJ shops/NNS ]
and/CC twisted/JJ 
[ alleys/NNS ]

[ that/WDT ]
made/VBD up/RP 
[ the/DT merchants/NNS '/POS district/NN ]
./. 

At/IN 
[ the/DT time/NN ]
,/, 
[ Japan/NNP ]
had/VBD just/RB opened/VBN 
[ its/PRP$ doors/NNS ]
to/TO 
[ the/DT world/NN ]
after/IN about/IN 
[ 250/CD years/NNS ]
of/IN 
[ isolation/NN ]
and/CC needed/VBD 
[ a/DT Western-style/JJ business/NN center/NN ]
./. 

[ Mitsubishi/NNP ]
built/VBD 
[ the/DT government/NN 's/POS dream/NN development/NN ]
,/, 
[ the/DT story/NN ]
goes/VBZ ,/, in/IN 
[ exchange/NN ]
for/IN 
[ the/DT official/JJ decision/NN ]
to/TO locate/VB 
[ Tokyo/NNP 's/POS central/JJ railway/NN station/NN ]
there/RB ./. 

======================================

[ That/DT ]
was/VBD just/RB 
[ an/DT early/JJ step/NN ]
in/IN 
[ a/DT relationship/NN ]
with/IN 
[ government/NN ]

[ that/WDT ]
has/VBZ earned/VBN 
[ the/DT Mitsubishi/NNP group/NN ]

[ the/DT dubious/JJ moniker/NN ]
of/IN ``/`` 
[ seisho/FW ]
,/, ''/'' literally/RB 
[ government-business/NN ]
,/, 
[ a/DT title/NN ]

[ that/WDT ]
has/VBZ 
[ the/DT pejorative/JJ connotation/NN ]
of/IN doing/VBG 
[ the/DT government/NN 's/POS bidding/NN ]
,/, but/CC also/RB suggests/VBZ 
[ the/DT clout/NN ]
inherent/JJ in/IN maintaining/VBG 
[ such/JJ close/JJ ties/NNS ]
./. 

======================================

[ Mitsubishi/NNP Estate/NNP ]
is/VBZ 
[ one/CD ]
of/IN 
[ the/DT dozens/NNS ]
of/IN 
[ companies/NNS ]
in/IN 
[ today/NN 's/POS Mitsubishi/NNP group/NN ]
./. 

[ It/PRP ]
's/VBZ known/JJ for/IN 
[ its/PRP$ cautiousness/NN ]
in/IN 
[ part/NN ]
because/IN 
[ it/PRP ]
has/VBZ had/VBN 
[ little/JJ need/NN ]
for/IN 
[ bold/JJ overseas/JJ ventures/NNS ]
:/: In/IN 
[ the/DT year/NN ]
ended/VBN 
[ March/NNP 31/CD ]
,/, 
[ 57.4/CD %/NN ]
of/IN 
[ its/PRP$ total/JJ revenue/NN ]
came/VBD from/IN 
[ office/NN building/NN management/NN ]
./. 

[ Its/PRP$ earnings/NNS ]
can/MD rise/VB 
[ 10/CD %/NN ]
to/TO 
[ 12/CD %/NN ]
annually/RB simply/RB from/IN 
[ the/DT natural/JJ turnover/NN ]
of/IN 
[ tenants/NNS ]
and/CC 
[ automatic/JJ rent/NN increases/NNS ]
,/, says/VBZ 
[ Graeme/NNP McDonald/NNP ]
,/, 
[ an/DT industry/NN analyst/NN ]
at/IN 
[ James/NNP Capel/NNP Pacific/NNP Ltd/NNP ]
./. 

For/IN 
[ the/DT latest/JJS fiscal/JJ year/NN ]
,/, 
[ the/DT company/NN 's/POS net/JJ income/NN ]
jumped/VBD 
[ a/DT robust/JJ 19/CD %/NN ]
to/TO 
[ 35.5/CD billion/CD yen/NNS ]
 (/( 
[ $/$ 250.2/CD million/CD ]
 )/) ./. 

======================================

For/IN 
[ Mitsubishi/NNP Estate/NNP ]
,/, 
[ the/DT Rockefeller/NNP purchase/NN ]
will/MD catapult/VB 
[ it/PRP ]
firmly/RB into/IN 
[ the/DT overseas/JJ real/JJ estate/NN business/NN ]
,/, 
[ the/DT one/CD area/NN ]
where/WRB 
[ it/PRP ]
has/VBZ lagged/VBN notably/RB behind/IN 
[ Japanese/JJ competitors/NNS ]
such/JJ as/IN 
[ Mitsui/NNP ]
,/, 
[ which/WDT ]
had/VBD purchased/VBN 
[ the/DT Exxon/NNP Building/NNP ]
./. 

======================================

``/`` 
[ Japanese/JJ companies/NNS ]
need/VBP to/TO invest/VB in/IN 
[ overseas/JJ real/JJ estate/NN ]
for/IN 
[ diversification/NN ]
,/, ''/'' says/VBZ 
[ Yoshio/NNP Shima/NNP ]
,/, 
[ an/DT industry/NN analyst/NN ]
at/IN 
[ Goldman/NNP Sachs/NNP ]
 (/( 
[ Japan/NNP ]
 )/) 
[ Corp/NNP ]
./. 

======================================

[ Rockefeller/NNP ]
is/VBZ n't/RB 
[ the/DT ]
first/JJ 
[ overseas/JJ purchase/NN ]
for/IN 
[ Mitsubishi/NNP Estate/NNP ]
--/: 
[ it/PRP ]
has/VBZ already/RB played/VBN 
[ a/DT leading/VBG role/NN ]
in/IN designing/VBG 
[ Los/NNP Angeles/NNP 's/POS Citicorp/NNP Plaza/NNP ]
./. 

But/CC 
[ the/DT Rockefeller/NNP investment/NN ]
is/VBZ 
[ its/PRP$ largest/JJS ]
./. 

Nonetheless/RB ,/, 
[ it/PRP ]
will/MD barely/RB make/VB 
[ a/DT dent/NN ]
in/IN 
[ Mitsubishi/NNP Estate/NNP 's/POS finances/NNS ]
,/, 
[ analysts/NNS ]
say/VBP ./. 

======================================

[ Mitsubishi/NNP Estate/NNP has/VBZ n't/RB ]
decided/VBN how/WRB 
[ it/PRP ]
will/MD raise/VB 
[ the/DT funds/NNS ]
for/IN 
[ the/DT purchase/NN ]
,/, 
[ which/WDT ]
are/VBP due/JJ in/IN 
[ cash/NN ]
next/IN 
[ April/NNP ]
,/, but/CC 
[ the/DT Marunouchi/NNP holdings/NNS ]
alone/RB are/VBP estimated/VBN to/TO have/VB 
[ a/DT market/NN value/NN ]
of/IN as/RB much/JJ as/IN 
[ 10/CD trillion/CD yen/NNS ]
to/TO 
[ 11/CD trillion/CD yen/NNS ]
./. 

Moreover/RB ,/, as/IN 
[ a/DT member/NN ]
of/IN 
[ the/DT Mitsubishi/NNP group/NN ]
,/, 
[ which/WDT ]
is/VBZ headed/VBN by/IN 
[ one/CD ]
of/IN 
[ Japan/NNP 's/POS largest/JJS banks/NNS ]
,/, 
[ it/PRP ]
is/VBZ sure/JJ to/TO win/VB 
[ a/DT favorable/JJ loan/NN ]
./. 

[ Analysts/NNS ]
say/VBP 
[ the/DT company/NN ]
also/RB could/MD easily/RB issue/VB 
[ new/JJ convertible/JJ bonds/NNS ]
or/CC 
[ warrants/NNS ]
./. 

======================================

Meanwhile/RB ,/, at/IN 
[ home/NN ]
,/, 
[ Mitsubishi/NNP ]
has/VBZ control/VB of/IN 
[ some/DT major/JJ projects/NNS ]
./. 

[ It/PRP ]
is/VBZ 
[ the/DT largest/JJS private-sector/JJ landowner/NN ]
of/IN 
[ the/DT Minato-Mirai/NNP 21/CD project/NN ]
,/, 
[ a/DT multibillion-yen/JJ development/NN ]
in/IN 
[ the/DT port/JJ city/NN ]
of/IN 
[ Yokohama/NNP ]
,/, about/IN 
[ an/DT hour/NN ]
outside/IN 
[ Tokyo/NNP ]
./. 

[ The/DT project/NN ]
is/VBZ 
[ one/CD ]
of/IN 
[ a/DT select/JJ group/NN ]
of/IN 
[ public/JJ projects/NNS ]
opened/VBN to/TO 
[ U.S./NNP firms/NNS ]
under/IN 
[ a/DT U.S.-Japan/JJ construction/NN trade/NN agreement/NN ]
reached/VBD 
[ last/JJ year/NN ]
./. 

[ The/DT centerpiece/NN ]
of/IN 
[ that/DT complex/NN ]
,/, 
[ the/DT Landmark/NNP Tower/NNP ]
,/, will/MD be/VB 
[ Japan/NNP 's/POS tallest/JJS building/NN ]
when/WRB 
[ it/PRP ]
is/VBZ completed/VBN in/IN 
[ 1993/CD ]
./. 

======================================

[ Mitsubishi/NNP ]
is/VBZ also/RB pushing/VBG ahead/RB with/IN 
[ a/DT controversial/JJ plan/NN ]
to/TO redevelop/VB 
[ Marunouchi/NNP ]
into/IN 
[ a/DT business/NN center/NN ]
of/IN 
[ high-tech/JJ buildings/NNS ]
,/, 
[ a/DT project/NN ]
budgeted/VBN for/IN 
[ 30/CD years/NNS ]
and/CC 
[ six/CD trillion/CD yen/NNS ]
./. 



======================================

[ Time/NNP Warner/NNP Inc./NNP ]
and/CC 
[ Sony/NNP Corp./NNP ]
may/MD be/VB 
[ today/NN 's/POS public/JJ enemies/NNS ]
,/, but/CC 
[ the/DT two/CD entertainment/NN giants/NNS ]
could/MD end/VB up/RB becoming/VBG 
[ partners/NNS ]
in/IN 
[ a/DT number/NN ]
of/IN 
[ ventures/NNS ]
as/IN 
[ part/NN ]
of/IN 
[ a/DT settlement/NN ]
of/IN 
[ their/PRP$ acrimonious/JJ legal/JJ dispute/NN ]
over/IN 
[ Hollywood/NNP producers/NNS Peter/NNP Guber/NNP ]
and/CC 
[ Jon/NNP Peters/NNP ]
./. 

======================================

[ The/DT Warner/NNP Bros./NNPS studio/NN ]
and/CC 
[ Sony/NNP ]
signaled/VBD 
[ they/PRP ]
are/VBP close/JJ to/TO 
[ a/DT settlement/NN yesterday/NN ]
,/, asking/VBG 
[ a/DT Los/NNP Angeles/NNP Superior/NNP Court/NNP ]
to/TO postpone/VB 
[ a/DT hearing/NN ]
scheduled/VBN for/IN 
[ tomorrow/NN ]
on/IN 
[ Warner/NNP 's/POS request/NN ]
for/IN 
[ a/DT preliminary/JJ injunction/NN ]
blocking/VBG 
[ Mr./NNP Guber/NNP ]
and/CC 
[ Mr./NNP Peters/NNP ]
from/IN taking/VBG 
[ the/DT top/JJ posts/NNS ]
at/IN 
[ Columbia/NNP Pictures/NNPS Entertainment/NNP Inc/NNP ]
./. 

======================================

In/IN 
[ separate/JJ statements/NNS ]
,/, 
[ the/DT two/CD sides/NNS ]
said/VBD 
[ they/PRP ]
want/VBP to/TO have/VB ``/`` 
[ further/JJ discussions/NNS ]
./. 

''/'' 
======================================

[ Sony/NNP ]
is/VBZ acquiring/VBG 
[ Columbia/NNP ]
and/CC 
[ Guber-Peters/NNP Entertainment/NNP Co./NNP ]
in/IN 
[ two/CD separate/JJ transactions/NNS ]
valued/VBN at/IN more/JJR than/IN 
[ $/$ 5/CD billion/CD ]
./. 

[ Warner/NNP Communications/NNPS Inc./NNP ]
,/, 
[ which/WDT ]
is/VBZ being/VBG acquired/VBN by/IN 
[ Time/NNP Warner/NNP ]
,/, has/VBZ filed/VBN 
[ a/DT $/$ 1/CD billion/CD breach-of-contract/JJ suit/NN ]
against/IN 
[ Sony/NNP ]
and/CC 
[ the/DT two/CD producers/NNS ]
./. 

[ Warner/NNP ]
has/VBZ 
[ a/DT five-year/JJ exclusive/JJ contract/NN ]
with/IN 
[ Mr./NNP Guber/NNP ]
and/CC 
[ Mr./NNP Peters/NNP ]

[ that/WDT ]
requires/VBZ 
[ them/PRP ]
to/TO make/VB 
[ movies/NNS ]
exclusively/RB at/IN 
[ the/DT Warner/NNP Bros./NNPS studio/NN ]
./. 

======================================

[ The/DT two/CD sides/NNS ]
in/IN 
[ the/DT legal/JJ battle/NN ]
have/VBP hurled/VBN 
[ accusations/NNS ]
of/IN 
[ duplicity/NN ]
at/IN 
[ each/DT other/JJ ]
for/IN 
[ weeks/NNS ]
,/, and/CC 
[ both/DT Warner/NNP ]
and/CC 
[ Sony/NNP ]
have/VBP accused/VBN 
[ each/DT other/JJ ]
of/IN trying/VBG to/TO sabotage/VB 
[ each/DT other/JJ ]

[ 's/POS prospects/NNS ]
for/IN 
[ success/NN ]
in/IN 
[ the/DT entertainment/NN business/NN ]
./. 

But/CC 
[ it/PRP ]
may/MD amount/VB to/TO little/RB more/JJR than/IN posturing/NN ;/: 
[ the/DT two/CD ]
have/VBP continued/VBN 
[ on-again/JJ ]
,/, 
[ off-again/JJ settlement/NN talks/NNS ]
over/IN 
[ the/DT last/JJ few/JJ weeks/NNS ]
,/, and/CC 
[ people/NNS ]
familiar/JJ with/IN 
[ the/DT talks/NNS ]
say/VBP 
[ the/DT matter/NN ]
could/MD be/VB resolved/VBN within/IN 
[ a/DT week/NN ]
./. 

======================================

[ Both/DT Warner/NNP ]
and/CC 
[ Sony/NNP ]
declined/VBD to/TO comment/VB on/IN 
[ the/DT terms/NNS ]
of/IN 
[ the/DT settlement/NN discussions/NNS ]
./. 

But/CC 
[ the/DT people/NNS ]
familiar/JJ with/IN 
[ the/DT talks/NNS ]
said/VBD that/IN 
[ Warner/NNP ]
is/VBZ n't/RB expected/VBN to/TO get/VB 
[ any/DT cash/NN ]
in/IN 
[ the/DT settlement/NN ]
./. 

Instead/RB ,/, 
[ Sony/NNP ]
is/VBZ likely/JJ to/TO agree/VB to/TO let/VB 
[ Warner/NNP ]
participate/VB in/IN 
[ certain/JJ ]
of/IN 
[ its/PRP$ businesses/NNS ]
,/, such/JJ as/IN 
[ the/DT record/NN club/NN ]
of/IN 
[ Sony/NNP 's/POS CBS/NNP Records/NNPS unit/NN ]
./. 

[ Warner/NNP ]
has/VBZ surpassed/VBN 
[ Sony/NNP ]
as/IN 
[ the/DT largest/JJS record/NN company/NN ]
,/, but/CC 
[ it/PRP ]
does/VBZ n't/RB have/VB 
[ a/DT powerful/JJ world-wide/JJ record/NN club/NN ]
like/IN 
[ CBS/NNP ]
./. 

======================================

[ The/DT two/CD sides/NNS ]
are/VBP also/RB discussing/VBG 
[ certain/JJ business/NN ventures/NNS ]
involving/VBG 
[ cable/NN rights/NNS ]
to/TO 
[ Columbia/NNP 's/POS movies/NNS ]
./. 

In/IN 
[ addition/NN ]
,/, 
[ Sony/NNP ]
is/VBZ expected/VBN to/TO agree/VB to/TO swap/VB 
[ Columbia/NNP 's/POS 35/CD %/NN stake/NN ]
in/IN 
[ the/DT ]
sprawling/JJ 
[ Burbank/NNP ]
,/, 
[ Calif./NNP ]
,/, 
[ studio/NN ]
that/IN 
[ Warner/NNP ]
and/CC 
[ Columbia/NNP share/NN ]
,/, in/IN 
[ exchange/NN ]
for/IN 
[ the/DT old/JJ MGM/NNP studio/NN lot/NN ]
that/IN 
[ Warner/NNP ]
acquired/VBD with/IN 
[ the/DT purchase/NN ]
of/IN 
[ Lorimar/NNP Telepictures/NNPS Corp/NNP ]
./. 

======================================

Still/RB ,/, 
[ it/PRP ]
may/MD be/VB tough/JJ for/IN 
[ the/DT two/CD ]
to/TO have/VB 
[ a/DT smooth/JJ partnership/NN ]
in/IN 
[ anything/NN ]
,/, in/IN 
[ the/DT wake/NN ]
of/IN 
[ sworn/VBN affidavits/NNS ]
filed/VBN over/IN 
[ the/DT last/JJ week/NN ]
./. 

[ One/CD ]
,/, for/IN 
[ example/NN ]
,/, came/VBD from/IN 
[ CBS/NNP Records/NNPS Chairman/NNP Walter/NNP Yetnikoff/NNP ]
,/, 
[ who/WP ]
will/MD head/VB 
[ a/DT committee/NN ]

[ that/WDT ]
will/MD oversee/VB 
[ Sony/NNP 's/POS entertainment/NN division/NN ]
,/, including/VBG 
[ both/DT ]

[ records/NNS ]
and/CC 
[ movies/NNS ]
./. 

In/IN 
[ his/PRP$ affidavit/NN ]
,/, 
[ Mr./NNP Yetnikoff/NNP ]
accused/VBD 
[ Warner/NNP Chairman/NNP Steven/NNP J./NNP Ross/NNP ]
of/IN having/VBG 
[ an/DT ]
``/`` 
[ antiSony/JJ ]
,/, 
[ anti-Japanese/JJ bias/NN ]
''/'' and/CC said/VBD that/IN 
[ Mr./NNP Ross/NNP ]
had/VBD tried/VBN to/TO talk/VB 
[ him/PRP ]
out/RB of/IN letting/VBG 
[ Sony/NNP ]
buy/VB 
[ CBS/NNP Records/NNPS two/CD years/NNS ]
ago/RB for/IN 
[ that/DT reason/NN ]
./. 

======================================

[ Mr./NNP Ross/NNP ]
,/, 
[ who/WP ]
will/MD be/VB 
[ chairman/NN ]
and/CC 
[ co-chief/JJ executive/NN officer/NN ]
of/IN 
[ Time/NNP Warner/NNP ]
after/IN 
[ the/DT merger/NN ]
is/VBZ complete/JJ ,/, denied/VBD that/IN in/IN 
[ his/PRP$ own/JJ affidavit/NN ]
,/, and/CC called/VBD 
[ Mr./NNP Yetnikoff/NNP 's/POS remarks/NNS ]
``/`` 
[ vicious/JJ ]
''/'' and/CC 
[ his/PRP$ claims/NNS ]
``/`` 
[ reckless/JJ ]
,/, 
[ irresponsible/JJ ]
and/CC 
[ baseless/JJ ]
,/, ''/'' saying/VBG 
[ Warner/NNP ]
under/IN 
[ his/PRP$ leadership/NN ]
has/VBZ started/VBN 
[ a/DT number/NN ]
of/IN 
[ businesses/NNS ]
in/IN 
[ Japan/NNP ]
./. 

======================================

[ Mr./NNP Ross/NNP ]
also/RB said/VBD 
[ he/PRP ]
enjoys/VBZ ``/`` 
[ warm/JJ professional/NN ]
and/CC 
[ personal/JJ relationships/NNS ]
''/'' with/IN 
[ Japanese/JJ executives/NNS ]
including/VBG 
[ Sony/NNP Chairman/NNP Akio/NNP Morita/NNP ]
,/, ``/`` 
[ who/WP ]
has/VBZ visited/VBN 
[ my/PRP$ home/NN ]
here/RB ./. 

''/'' 
======================================

But/CC despite/IN 
[ the/DT acrimony/NN ]
between/IN 
[ Mr./NNP Ross/NNP ]
and/CC 
[ Mr./NNP Yetnikoff/NNP ]
,/, 
[ officials/NNS ]
of/IN 
[ the/DT Time/NNP side/NN ]
of/IN 
[ Time/NNP Warner/NNP ]
have/VBP reportedly/RB been/VBN increasingly/RB interested/JJ in/IN 
[ a/DT settlement/NN ]

[ that/WDT ]
might/MD yield/VB 
[ attractive/JJ business/NN opportunities/NNS ]
./. 

[ Time/NNP executives/NNS ]
such/JJ as/IN 
[ the/DT company/NN 's/POS president/NN ]
,/, 
[ N.J/NNP ]
./. 

[ Nicholas/NNS ]
,/, 
[ who/WP ]
will/MD eventually/RB be/VB 
[ co-chief/JJ executive/NN ]
of/IN 
[ Time/NNP Warner/NNP ]
alongside/IN 
[ Mr./NNP Ross/NNP ]
,/, have/VBP 
[ no/DT personal/JJ relationships/NNS ]
or/CC 
[ ego/NN ]
at/IN 
[ stake/NN ]
in/IN 
[ the/DT fight/NN ]
over/IN 
[ the/DT Guber-Peters/NNP duo/NN ]
,/, and/CC were/VBD never/RB directly/RB drawn/VBN into/IN 
[ the/DT fray/NN ]
./. 

======================================

[ Talks/NNS ]
between/IN 
[ the/DT two/CD sides/NNS ]
could/MD unravel/VB ,/, of/IN 
[ course/NN ]
,/, as/IN 
[ they/PRP ]
have/VBP more/RBR
 than/IN once/RB since/IN Sony/NNP announced/VBD 
[ its/PRP$ plans/NNS ]
to/TO hire/VB 
[ Mr./NNP Guber/NNP ]
and/CC 
[ Mr./NNP Peters/NNP ]
./. 

But/CC 
[ both/DT ]

[ sides/NNS ]
appear/VBP to/TO be/VB more/RBR willing/JJ now/RB to/TO meet/VB 
[ each/DT other/JJ ]

[ 's/POS terms/NNS ]
to/TO resolve/VB 
[ the/DT issue/NN ]
./. 

And/CC although/IN 
[ Warner/NNP ]
has/VBZ said/VBN 
[ it/PRP ]
wanted/VBD 
[ the/DT producers/NNS ]
to/TO fulfill/VB 
[ the/DT terms/NNS ]
of/IN 
[ their/PRP$ contract/NN ]
,/, 
[ the/DT producers/NNS ]
said/VBD in/IN 
[ sworn/VBN court/NN declarations/NNS ]
that/IN 
[ they/PRP ]
did/VBD n't/RB believe/VB 
[ the/DT relationship/NN ]
could/MD be/VB repaired/VBN after/IN 
[ the/DT acrimony/NN ]
of/IN 
[ the/DT legal/JJ battle/NN ]
./. 

======================================

[ Any/DT settlement/NN ]
is/VBZ also/RB expected/VBN to/TO exclude/VB 
[ Mr./NNP Guber/NNP ]
and/CC 
[ Mr./NNP Peters/NNP ]
from/IN 
[ any/DT ]
of/IN 
[ the/DT projects/NNS they/PRP ]
were/VBD working/VBG on/IN at/IN 
[ Warner/NNP ]
./. 

[ The/DT Guber-Peters/NNP duo/NN ]
have/VBP 
[ 50/CD projects/NNS ]
in/IN 
[ various/JJ stages/NNS ]
of/IN 
[ development/NN ]
and/CC 
[ production/NN ]
at/IN 
[ Warner/NNP ]
,/, including/VBG ``/`` 
[ Bonfire/NN ]
of/IN 
[ the/DT Vanities/NNS ]
''/'' and/CC ``/`` 
[ A/DT Bright/JJ Shining/VBG Lie/NN ]
./. 

''/'' 
======================================

But/CC that/IN does/VBZ n't/RB mean/VB 
[ Mr./NNP Guber/NNP ]
and/CC 
[ Mr./NNP Peters/NNP ]
might/MD not/RB eventually/RB get/VB 
[ their/PRP$ hands/NNS ]
on/IN 
[ some/DT ]
of/IN 
[ their/PRP$ projects/NNS ]
;/: 
[ studios/NNS ]
develop/VBP 
[ hundreds/NNS ]
of/IN 
[ movies/NNS ]
but/CC produce/VBP only/RB 
[ 10/CD ]
to/TO 
[ 20/CD each/DT year/NN ]
./. 

Once/RB 
[ a/DT studio/NN ]
chooses/VBZ not/RB to/TO actually/RB make/VB 
[ a/DT movie/NN ]

[ that/WDT ]
is/VBZ in/IN 
[ development/NN ]
,/, 
[ producers/NNS ]
are/VBP typically/RB free/JJ to/TO take/VB 
[ it/PRP ]
elsewhere/RB ./. 

======================================

[ Mr./NNP Guber/NNP ]
and/CC 
[ Mr./NNP Peters/NNP ]
also/RB almost/RB certainly/RB would/MD n't/RB be/VB able/JJ to/TO participate/VB in/IN 
[ future/JJ sequels/NNS ]
to/TO ``/`` 
[ Batman/NNP ]
,/, ''/'' 
[ the/DT blockbuster/NN ]
hit/NN 
[ they/PRP ]
produced/VBD for/IN 
[ Warner/NNP ]
./. 

But/CC in/IN acquiring/VBG 
[ Guber-Peters/NNP Entertainment/NNP ]
,/, 
[ Sony/NNP ]
will/MD actually/RB get/VB 
[ a/DT piece/NN ]
of/IN 
[ the/DT profits/NNS ]
from/IN ``/`` 
[ Batman/NNP ]
,/, ''/'' since/IN 
[ the/DT ]
publicly/RB held/JJ 
[ concern/NN ]
gets/VBZ 
[ certain/JJ revenue/NN ]
from/IN 
[ the/DT movies/NNS Mr./NNP Guber/NNP ]
and/CC 
[ Mr./NNP Peters/NNP ]
produce/VBP ./. 

[ The/DT two/CD producers/NNS ]
own/VBP 
[ a/DT combined/JJ 28/CD %/NN stake/NN ]
in/IN 
[ Guber-Peters/NNP ]
./. 



======================================

[ Southern/NNP Co./NNP 's/POS Gulf/NNP Power/NNP Co./NNP subsidiary/NN ]
pleaded/VBD guilty/JJ to/TO 
[ two/CD felony/NN charges/NNS ]
of/IN 
[ conspiracy/NN ]
to/TO make/VB 
[ illegal/JJ political/JJ contributions/NNS ]
and/CC 
[ tax/NN evasion/NN ]
,/, and/CC paid/VBD 
[ $/$ 500,000/CD ]
in/IN 
[ fines/NNS ]
./. 

======================================

[ Gulf/NNP Power/NNP 's/POS guilty/JJ plea/NN ]
before/IN 
[ U.S./NNP District/NNP Judge/NNP Robert/NNP L./NNP Vining/NNP ]
yesterday/NN marks/VBZ 
[ the/DT end/NN ]
of/IN 
[ only/JJ one/CD part/NN ]
of/IN 
[ a/DT wide-ranging/JJ inquiry/NN ]
of/IN 
[ Southern/NNP Co/NNP ]
./. 

[ The/DT company/NN ]
is/VBZ 
[ the/DT subject/NN ]
of/IN 
[ a/DT federal/JJ grand/JJ jury/NN investigation/NN ]
into/IN whether/IN 
[ its/PRP$ officials/NNS ]
and/CC 
[ its/PRP$ utility/NN subsidiaries/NNS ]
conspired/VBD to/TO cover/VB up/RP 
[ their/PRP$ accounting/NN ]
for/IN 
[ spare/JJ parts/NNS ]
to/TO evade/VB 
[ federal/JJ income/NN taxes/NNS ]
./. 

======================================

``/`` 
[ The/DT terms/NNS ]
announced/VBD 
[ today/NN ]
are/VBP strictly/RB between/IN 
[ the/DT United/NNP States/NNPS ]
and/CC 
[ Gulf/NNP Power/NNP ]
,/, ''/'' said/VBD 
[ U.S./NNP Attorney/NNP Robert/NNP L./NNP Barr/NNP ]
./. 

``/`` 
[ This/DT ]
is/VBZ only/RB 
[ a/DT further/JJ step/NN ]
in/IN 
[ a/DT lengthy/JJ investigation/NN ]
./. 

''/'' 
======================================

[ The/DT plea/NN settlement/NN ]
does/VBZ not/RB allow/VB 
[ Southern/NNP Co./NNP ]
to/TO charge/VB 
[ any/DT ]
of/IN 
[ the/DT $/$ 500,000/CD ]
to/TO 
[ its/PRP$ customers/NNS ]
,/, or/CC take/VB 
[ action/NN ]
against/IN 
[ employees/NNS ]

[ who/WP ]
provided/VBD 
[ information/NN ]
during/IN 
[ the/DT federal/JJ inquiry/NN ]
./. 

[ Gulf/NNP Power/NNP ]
had/VBD been/VBN under/IN 
[ investigation/NN ]
for/IN violating/VBG 
[ the/DT Utility/NNP Holding/NNP Company/NNP Act/NNP ]
,/, 
[ which/WDT ]
prohibits/VBZ 
[ public/JJ utilities/NNS ]
from/IN making/VBG 
[ political/JJ contributions/NNS ]
./. 

======================================

In/IN 
[ a/DT statement/NN ]
,/, 
[ Southern/NNP Co./NNP President/NNP Edward/NNP L./NNP Addison/NNP ]
said/VBD ,/, ``/`` 
[ We/PRP ]
believe/VBP 
[ our/PRP$ decision/NN ]
to/TO plead/VB (/( 
[ guilty/JJ ]
 )/) to/TO 
[ these/DT charges/NNS ]
is/VBZ responsible/JJ and/CC 
[ proper/JJ ]
./. 

And/CC 
[ our/PRP$ action/NN today/NN ]
will/MD allow/VB 
[ Gulf/NNP Power/NNP ]
to/TO avoid/VB prolonged/JJ ,/, distracting/JJ 
[ legal/JJ proceedings/NNS ]
./. 

''/'' 
[ He/PRP ]
did/VBD not/RB say/VB 
[ what/WDT effect/NN ]
,/, if/IN 
[ any/DT ]
,/, 
[ the/DT $/$ 500,000/CD fine/NN ]
would/MD have/VB on/IN 
[ the/DT company/NN 's/POS earnings/NNS ]
./. 

======================================

[ Mr./NNP Barr/NNP ]
said/VBD 
[ yesterday/NN 's/POS plea/NN ]
by/IN 
[ Gulf/NNP Power/NNP ]
,/, 
[ which/WDT ]
came/VBD after/IN 
[ months/NNS ]
of/IN 
[ negotiations/NNS ]
,/, was/VBD based/VBN on/IN 
[ evidence/NN ]
that/IN 
[ Gulf/NNP Power/NNP ]
had/VBD set/VBN up/RP 
[ an/DT elaborate/JJ payment/NN system/NN ]
through/IN 
[ which/WDT ]

[ it/PRP ]
reimbursed/VBD 
[ outside/JJ vendors/NNS ]
--/: primarily/RB 
[ three/CD Florida/NNP advertising/NN agencies/NNS ]
--/: for/IN making/VBG 
[ illegal/JJ political/JJ contributions/NNS ]
on/IN 
[ its/PRP$ behalf/NN ]
./. 

======================================

[ The/DT Appleyard/NNP Agency/NNP ]
,/, for/IN 
[ example/NN ]
,/, allegedly/RB made/VBD 
[ contributions/NNS ]
from/IN 
[ 1982/CD ]
to/TO 
[ 1984/CD ]
to/TO 
[ various/JJ funds/NNS ]
for/IN 
[ political/JJ candidates/NNS ]
,/, then/RB submitted/VBD 
[ bills/NNS ]
to/TO 
[ Gulf/NNP Power/NNP ]
./. 

[ The/DT contributions/NNS ]
were/VBD funded/VBN by/IN 
[ monthly/JJ payments/NNS ]
of/IN 
[ $/$ 1,000/CD ]
to/TO 
[ $/$ 2,000/CD ]
to/TO 
[ Appleyard/NNP ]
in/IN 
[ the/DT guise/NN ]
of/IN 
[ a/DT ]
``/`` 
[ special/JJ production/NN fee/NN ]
''/'' --/: in/IN 
[ effect/NN ]
,/, hiding/VBG 
[ the/DT nature/NN ]
of/IN 
[ the/DT payments/NNS ]
from/IN 
[ the/DT Internal/NNP Revenue/NNP Service/NNP ]
,/, 
[ federal/JJ prosecutors/NNS ]
said/VBD ./. 

======================================

[ The/DT government/NN ]
also/RB indicated/VBD 
[ that/DT former/JJ Gulf/NNP Power/NNP senior/JJ vice/NN president/NN Jacob/NNP F./NNP ]
``/`` 
[ Jake/NNP ]
''/'' 
[ Horton/NNP ]
was/VBD 
[ the/DT mastermind/NN ]
behind/IN 
[ the/DT use/NN ]
of/IN 
[ the/DT ad/NN agencies/NNS ]
--/: 
[ Appleyard/NNP ]
,/, 
[ Dick/NNP Leonard/NNP Group/NNP II/NNP Inc./NNP ]
and/CC 
[ Hemmer/NNP ]
&/CC 
[ Yates/NNP Corp./NNP ]
--/: to/TO make/VB 
[ payments/NNS ]
to/TO 
[ various/JJ political/JJ candidates/NNS ]
from/IN 
[ 1981/CD ]
to/TO 
[ 1988/CD ]
./. 

[ Mr./NNP Horton/NNP ]
,/, 
[ who/WP ]
oversaw/VBD 
[ Gulf/NNP Power/NNP 's/POS governmental-affairs/JJ efforts/NNS ]
,/, died/VBD mysteriously/RB in/IN 
[ a/DT plane/NN crash/NN ]
in/IN 
[ April/NNP ]
after/IN learning/VBG 
[ he/PRP ]
might/MD be/VB fired/VBN following/VBG 
[ the/DT ]
uncovering/VBG of/IN 
[ irregularities/NNS ]
in/IN 
[ a/DT company/NN audit/NN ]
./. 

======================================

[ Government/NN officials/NNS ]
declined/VBD to/TO say/VB whether/IN 
[ the/DT investigation/NN ]
includes/VBZ 
[ the/DT ad/NN agencies/NNS ]
or/CC 
[ the/DT politicians/NNS ]
involved/VBN ./. 

======================================

In/IN 
[ New/NNP York/NNP Stock/NNP Exchange/NNP ]
trading/NN ,/, 
[ Southern/NNP Co./NNP ]
rose/VBD 
[ 50/CD cents/NNS ]

[ a/DT share/NN ]
to/TO 
[ $/$ 27.125/CD ]
./. 



======================================

`/`` 
[ Frequent/JJ Drinker/NN ]
'/'' 
[ Offer/NN ]

======================================

[ Stirs/VBZ ]
Up/RP 
[ Spirited/JJ Debate/NN ]

======================================

TO/TO 
[ GRAB/NNP ]

[ a/DT bigger/JJR piece/NN ]
of/IN 
[ the/DT declining/VBG scotch/NN market/NN ]
,/, 
[ Seagram/NNP Co./NNP ]
has/VBZ launched/VBN 
[ a/DT controversial/JJ ]
``/`` 
[ frequent/JJ drinker/NN ]
''/'' 
[ promotion/NN ]
for/IN 
[ its/PRP$ Chivas/NNP Regal/NNP brand/NN ]
./. 

======================================

Under/IN 
[ the/DT program/NN ]
,/, dubbed/VBN 
[ Chivas/NNP Class/NNP ]
,/, 
[ customers/NNS ]

[ who/WP ]
send/VBP in/IN 
[ two/CD labels/NNS ]
from/IN 
[ Chivas/NNP bottles/NNS ]
will/MD receive/VB 
[ an/DT upgrade/NN ]
in/IN 
[ seating/VBG class/NN ]
on/IN 
[ some/DT Trans/NNP World/NNP Airlines/NNPS flights/NNS ]
./. 

[ Repeat/NN customers/NNS ]
also/RB can/MD purchase/VB 
[ luxury/NN items/NNS ]
at/IN 
[ reduced/JJ prices/NNS ]
./. 

======================================

But/CC at/IN 
[ a/DT time/NN ]
of/IN 
[ mounting/VBG concern/NN ]
over/IN 
[ alcohol/NN abuse/NN ]
,/, 
[ some/DT liquor/NN marketers/NNS ]
consider/VBP 
[ Seagram/NNP 's/POS frequent/JJ buyer/NN promotion/NN ]
risky/JJ ./. 

``/`` 
[ I/PRP ]
'm/VBP surprised/JJ 
[ they/PRP ]
're/VBP doing/VBG 
[ this/DT ]
,/, ''/'' says/VBZ 
[ Penn/NNP Kavanagh/NNP ]
,/, 
[ president/NN ]
of/IN 
[ Schieffelin/NNP ]
&/CC 
[ Somerset/NNP Co./NNP ]
,/, 
[ which/WDT ]
markets/VBZ 
[ Johnnie/NNP Walker/NNP scotches/NNS ]
./. 

``/`` 
[ I/PRP ]
would/MD be/VB very/RB leery/JJ of/IN 
[ anything/NN ]

[ that/WDT ]
says/VBZ if/IN 
[ you/PRP ]
drink/VBP more/JJR ,/, 
[ you/PRP ]
get/VBP more/JJR ./. 

''/'' 
======================================

[ Others/NNS ]
question/VBP 
[ the/DT impact/NN ]
on/IN 
[ Chivas/NNP 's/POS upscale/JJ image/NN ]
of/IN 
[ a/DT promotion/NN ]

[ that/WDT ]
has/VBZ 
[ customers/NNS ]
soaking/VBG off/RP 
[ labels/NNS ]
./. 

``/`` 
[ It/PRP ]
's/VBZ really/RB 
[ bizarre/JJ ]
,/, ''/'' says/VBZ 
[ Albert/NNP Lerman/NNP ]
,/, 
[ creative/JJ director/NN ]
at/IN 
[ the/DT Wells/NNP Rich/NNP Greene/NNP ad/NN agency/NN ]
./. 

``/`` 
[ Chivas/NNP ]
has/VBZ 
[ an/DT image/NN ]
of/IN 
[ something/NN ]

[ you/PRP ]
would/MD savor/VB ,/, rather/RB than/IN guzzle/VB ./. 

''/'' 
======================================

[ Chivas/NNP Class/NNP ]
is/VBZ n't/RB 
[ the/DT ]
first/JJ 
[ such/JJ promotion/NN ]
./. 

[ Last/JJ year/NN ]
,/, 
[ J&B/NNP Scotch/NNP ]
offered/VBD 
[ 500/CD TWA/NNP frequent/JJ flier/NN miles/NNS ]
in/IN 
[ exchange/NN ]
for/IN 
[ a/DT label/NN ]
./. 

And/CC 
[ Dewar/NNP 's/POS ]
gave/VBD 
[ discounts/NNS ]
on/IN 
[ Scottish/JJ merchandise/NN ]
to/TO 
[ people/NNS ]

[ who/WP ]
sent/VBD in/IN 
[ bottle/NN labels/NNS ]
./. 

======================================

But/CC 
[ the/DT scope/NN ]
of/IN 
[ Seagram/NNP 's/POS Chivas/NNP promotion/NN ]
sets/VBZ 
[ it/PRP ]
apart/RB ./. 

[ The/DT current/JJ campaign/NN ]
is/VBZ just/RB 
[ the/DT first/JJ leg/NN ]
of/IN 
[ an/DT aggressive/JJ three-to-five-year/JJ direct/JJ marketing/NN plan/NN ]
./. 

======================================

[ Seagram/NNP ]
says/VBZ 
[ the/DT promotion/NN ]
is/VBZ designed/VBN to/TO build/VB 
[ brand/NN loyalty/NN ]
rather/RB than/IN promote/VB 
[ heavy/JJ drinking/NN ]
./. 

[ Seagram/NNP ]
asks/VBZ 
[ customers/NNS ]
to/TO buy/VB only/RB 
[ two/CD ]
or/CC 
[ three/CD bottles/NNS ]
over/IN 
[ a/DT 12-month/JJ period/NN ]
,/, says/VBZ 
[ Richard/NNP Shaw/NNP ]
,/, 
[ vice/NN president/NN ]
of/IN 
[ U.S./NNP direct/JJ marketing/NN ]
./. 

``/`` 
[ We/PRP ]
're/VBP not/RB asking/VBG 
[ them/PRP ]
to/TO save/VB up/RP 
[ 50/CD proof-of-purchases/NNS ]
./. 

[ We/PRP ]
're/VBP not/RB saying/VBG 
[ drink/VB ]
more/JJR ,/, 
[ we/PRP ]
're/VBP saying/VBG 
[ trade/NN ]
up/RP ./. 

''/'' 
======================================

[ Goya/NNP Concocts/VBZ ]

[ a/DT Milk/NN ]

======================================

For/IN 
[ Hispanic/JJ Tastes/NNS ]

======================================

[ MOST/JJS FOOD/NN companies/NNS these/DT days/NNS ]
are/VBP trimming/VBG 
[ the/DT fat/NN ]
and/CC 
[ cholesterol/NN content/NN ]
of/IN 
[ their/PRP$ products/NNS ]
to/TO appeal/VB to/TO 
[ health-conscious/JJ consumers/NNS ]
./. 

But/CC 
[ Goya/NNP Foods/NNPS Inc./NNP ]
believes/VBZ 
[ it/PRP ]
can/MD milk/VB 
[ some/DT sales/NNS ]
by/IN bucking/VBG 
[ the/DT trend/NN ]
./. 

======================================

[ The/DT Secaucus/NNP ]
,/, 
[ N.J./NNP ]
,/, 
[ company/NN ]
has/VBZ formed/VBN 
[ a/DT joint/JJ venture/NN ]
with/IN 
[ a/DT distributor/NN ]
called/VBN 
[ La/NNP Lecheria/NNP ]
to/TO market/VB 
[ a/DT higher-fat/JJR milk/NN ]
targeted/VBN at/IN 
[ Hispanic/JJ consumers/NNS ]
./. 

To/TO give/VB 
[ Leche/NNP Fresca/NNP ]

[ the/DT creamier/JJR taste/NN Goya/NNP ]
says/VBZ 
[ Hispanics/NNPS ]
prefer/VBP ,/, 
[ the/DT new/JJ brand/NN ]
has/VBZ 
[ a/DT butterfat/NN content/NN ]
of/IN 
[ 3.8/CD %/NN ]
./. 

[ That/DT ]
compares/VBZ with/IN 
[ 3.5/CD %/NN butterfat/NN ]
for/IN 
[ whole/JJ milk/NN ]
./. 

======================================

[ A/DT spokesman/NN ]
for/IN 
[ Borden/NNP Inc./NNP ]
,/, 
[ the/DT nation/NN 's/POS largest/JJS milk/NN producer/NN ]
,/, concedes/VBZ 
[ Goya/NNP ]
may/MD be/VB on/IN to/TO 
[ something/NN ]
./. 

[ Borden/NNP ]
sells/VBZ considerably/RB 
[ more/JJR whole/JJ milk/NN ]
than/IN 
[ reduced-fat/JJ milks/NNS ]
in/IN 
[ southern/JJ ]
and/CC 
[ Hispanic/JJ markets/NNS ]
,/, 
[ he/PRP ]
says/VBZ ./. 

[ Borden/NNP ]
even/RB tested/VBD 
[ a/DT milk/NN ]
with/IN 
[ 4/CD %/NN butterfat/NN ]
in/IN 
[ the/DT South/NNP ]
,/, but/CC decided/VBD 
[ the/DT market/NN ]
was/VBD too/RB small/JJ ./. 

======================================

[ Goya/NNP ]
is/VBZ selling/VBG 
[ Leche/NNP Fresca/NNP ]
in/IN nearly/RB 
[ 500/CD grocery/NN stores/NNS ]
and/CC 
[ bodegas/NNS ]
in/IN 
[ New/NNP York/NNP ]
and/CC 
[ parts/NNS ]
of/IN 
[ New/NNP Jersey/NNP ]
./. 

And/CC 
[ it/PRP ]
's/VBZ adding/VBG 
[ 15/CD ]
to/TO 
[ 20/CD new/JJ outlets/NNS ]

[ a/DT day/NN ]
,/, says/VBZ 
[ Greg/NNP Ricca/NNP ]
,/, 
[ sales/NNS director/NN ]
at/IN 
[ La/NNP Lecheria/NNP ]
./. 

Because/IN of/IN 
[ Leche/NNP Fresca/NNP 's/POS success/NN ]
,/, 
[ he/PRP ]
says/VBZ ,/, 
[ the/DT joint/JJ venture/NN ]
is/VBZ developing/VBG 
[ other/JJ dairy/NN products/NNS ]
tailored/VBN to/TO 
[ Hispanic/JJ tastes/NNS ]
./. 

======================================

[ Jewelry/NN Makers/NNS Copy/VBP ]

======================================

[ Cosmetics/NNS Sales/NNS Ploys/NNS ]

======================================

FOR/IN 
[ YEARS/NNS ]
,/, 
[ costume/JJ jewelry/NN makers/NNS ]
fought/VBD 
[ a/DT losing/JJ battle/NN ]
./. 

[ Jewelry/NN displays/NNS ]
in/IN 
[ department/NN stores/NNS ]
were/VBD often/RB cluttered/JJ and/CC 
[ uninspired/JJ ]
./. 

And/CC 
[ the/DT merchandise/NN ]
was/VBD ,/, well/UH ,/, 
[ fake/JJ ]
./. 

======================================

As/IN 
[ a/DT result/NN ]
,/, 
[ marketers/NNS ]
of/IN 
[ faux/JJ gems/NNS ]
steadily/RB lost/VBD 
[ space/NN ]
in/IN 
[ department/NN stores/NNS ]
to/TO 
[ more/RBR fashionable/JJ rivals/NNS ]
--/: 
[ cosmetics/NNS makers/NNS ]
./. 

======================================

But/CC lately/RB ,/, 
[ retailers/NNS ]
say/VBP ,/, fake/JJ has/VBZ become/VBN 
[ more/RBR fashionable/JJ ]
./. 

And/CC 
[ jewelry/NN makers/NNS ]
are/VBP beginning/VBG to/TO use/VB 
[ many/JJ ]
of/IN 
[ the/DT same/JJ marketing/NN tricks/NNS ]
honed/VBN in/IN 
[ the/DT aggressive/JJ world/NN ]
of/IN 
[ cosmetics/NNS ]
./. 

======================================

[ Last/JJ year/NN ]
,/, 
[ the/DT total/JJ women/NNS 's/POS fashion/NN jewelry/NN business/NN ]
topped/VBD 
[ $/$ 4.9/CD billion/CD ]
,/, says/VBZ 
[ Karen/NNP Alberg/NNP ]
,/, 
[ editor/NN ]
of/IN 
[ Accessories/NNP magazine/NN ]
./. 

And/CC 
[ it/PRP ]
's/VBZ growing/VBG fast/RB ,/, with/IN 
[ annual/JJ sales/NNS ]
gains/NNS of/IN more/JJR than/IN 
[ 10/CD %/NN ]
./. 

======================================

To/TO increase/VB 
[ their/PRP$ share/NN ]
of/IN 
[ that/DT business/NN ]
,/, 
[ jewelry/NN makers/NNS ]
such/JJ as/IN 
[ Crystal/NNP Brands/NNPS Inc./NNP 's/POS Trifari/NNP ]
and/CC 
[ Monet/NNP units/NNS ]
and/CC 
[ Swank/NNP Inc./NNP ]
,/, 
[ maker/NN ]
of/IN 
[ Anne/NNP Klein/NNP jewelry/NN ]
,/, are/VBP launching/VBG 
[ new/JJ lines/NNS ]
with/IN 
[ as/RB much/JJ fanfare/NN ]
as/IN 
[ the/DT fragrance/NN companies/NNS ]
./. 

[ They/PRP ]
're/VBP hiring/VBG 
[ models/NNS ]
to/TO stroll/VB 
[ the/DT aisles/NNS ]
sporting/VBG 
[ their/PRP$ jewels/NNS ]
,/, and/CC 
[ they/PRP ]
're/VBP even/RB beginning/VBG to/TO borrow/VB 
[ a/DT perennial/JJ favorite/NN ]
of/IN 
[ the/DT beauty/NN business/NN ]
--/: offering/VBG 
[ a/DT gift/NN ]
when/WRB 
[ consumers/NNS ]
make/VBP 
[ a/DT purchase/NN ]
./. 

======================================

``/`` 
[ We/PRP ]
've/VBP started/VBN trying/VBG just/RB about/IN 
[ anything/NN ]
to/TO keep/VB 
[ sales/NNS ]
moving/VBG in/IN 
[ the/DT stores/NNS ]
,/, ''/'' says/VBZ 
[ Kim/NNP Renk/NNP ]
,/, 
[ a/DT Swank/NNP vice/NN president/NN ]
./. 

But/CC 
[ there/EX ]
are/VBP 
[ limits/NNS ]
./. 

[ Ms./NNP Renk/NNP ]
says/VBZ 
[ retailers/NNS ]
nixed/VBD 
[ a/DT promotion/NN ]
for/IN 
[ pins/NNS ]
with/IN 
[ animal/NN motifs/NNS ]
./. 

[ Her/PRP$ idea/NN ]
:/: bring/VB in/RP 
[ live/JJ zoo/NN animals/NNS ]
./. 

======================================

[ Trifari/NNP ]
,/, 
[ whose/WP$ national/JJ ads/NNS ]
earlier/RB 
[ this/DT year/NN ]
included/VBD 
[ paper/NN cutouts/NNS ]
of/IN 
[ its/PRP$ costume/NN finery/NN ]
,/, takes/VBZ 
[ a/DT tamer/JJR approach/NN ]
./. 

[ The/DT company/NN ]
focuses/VBZ on/IN 
[ the/DT how-to/JJ aspects/NNS ]
,/, says/VBZ 
[ Andrew/NNP E./NNP Philip/NNP ]
,/, 
[ president/NN ]
./. 

[ Trifari/NNP ]
now/RB trains/VBZ 
[ sales/NNS ]
help/NN to/TO advise/VB 
[ customers/NNS ]
on/IN 
[ the/DT best/JJS earring/NN styles/NNS ]
./. 

======================================

But/CC 
[ cosmetics/NNS firms/NNS ]
still/RB have/VBP 
[ one/CD big/JJ marketing/NN edge/NN ]
:/: 
[ They/PRP ]
motivate/VBP 
[ sales/NNS people/NNS ]
with/IN 
[ commissions/NNS ]
./. 

[ Jewelry/NN makers/NNS ]
rarely/RB pay/VBP 
[ commissions/NNS ]
and/CC are/VBP n't/RB expected/VBN to/TO anytime/RB soon/RB ./. 

======================================

[ Odds/NNS ]
and/CC 
[ Ends/NNS ]

======================================

DESPITE/IN 
[ GROWING/VBG interest/NN ]
in/IN 
[ the/DT environment/NN ]
,/, 
[ U.S./NNP consumers/NNS ]
have/VBP n't/RB shown/VBN 
[ much/JJ interest/NN ]
in/IN 
[ refillable/JJ packages/NNS ]
for/IN 
[ household/NN products/NNS ]
./. 

[ Procter/NNP ]
&/CC 
[ Gamble/NNP Co./NNP ]
recently/RB introduced/VBD 
[ refillable/JJ versions/NNS ]
of/IN 
[ four/CD products/NNS ]
,/, including/VBG 
[ Tide/NNP ]
and/CC 
[ Mr./NNP Clean/NNP ]
,/, in/IN 
[ Canada/NNP ]
,/, but/CC does/VBZ n't/RB plan/VB to/TO bring/VB 
[ them/PRP ]
to/TO 
the/DT U.S/NNP ./.

Marketers/NNS
believe/VBP 
[ most/JJS Americans/NNPS ]
wo/MD n't/RB make/VB 
[ the/DT convenience/NN trade-off/NN ]
.../: ./. 

[ Braumeisters/NNPS Ltd./NNP ]
tests/VBZ 
[ a/DT beer/NN ]
brewed/VBN with/IN 
[ oat/NN bran/NN ]
,/, rather/RB than/IN 
[ rice/NN ]
or/CC 
[ corn/NN ]
./. 

Called/VBN 
[ Otto/NNP 's/POS Original/NNP Oat/NNP Bran/NNP Beer/NNP ]
,/, 
[ the/DT brew/NN ]
costs/VBZ about/IN 
[ $/$ 12.75/CD ]

[ a/DT case/NN ]
./. 

[ No/DT cholesterol/NN ]
,/, of/IN 
[ course/NN ]
./. 



======================================

[ Northwest/NNP Airlines/NNPS ]
settled/VBD 
[ the/DT remaining/VBG lawsuits/NNS ]
filed/VBN on/IN 
[ behalf/NN ]
of/IN 
[ 156/CD people/NNS ]
killed/VBN in/IN 
[ a/DT 1987/CD crash/NN ]
,/, but/CC 
[ claims/NNS ]
against/IN 
[ the/DT jetliner/NN 's/POS maker/NN ]
are/VBP being/VBG pursued/VBN ,/, 
[ a/DT federal/JJ judge/NN ]
said/VBD ./. 

======================================

Northwest/NNP ,/, 
[ a/DT unit/NN ]
of/IN 
[ NWA/NNP Inc./NNP ]
,/, and/CC 
[ McDonnell/NNP Douglas/NNP Corp./NNP ]
,/, 
[ which/WDT ]
made/VBD 
[ the/DT MD-80/NN aircraft/NN ]
,/, also/RB are/VBP pursuing/VBG 
[ counterclaims/NNS ]
against/IN 
[ each/DT other/JJ ]
in/IN 
[ the/DT crash/NN ]
near/IN 
[ Detroit/NNP Metropolitan/NNP Airport/NNP ]
./. 

======================================

[ Terms/NNS ]
of/IN 
[ the/DT settlements/NNS ]
for/IN 
[ the/DT ]
remaining/VBG 
[ 145/CD lawsuits/NNS ]
against/IN 
[ Northwest/NNP ]
were/VBD n't/RB disclosed/VBN ./. 

[ A/DT total/NN ]
of/IN 
[ 157/CD lawsuits/NNS ]
were/VBD filed/VBN on/IN 
[ behalf/NN ]
of/IN 
[ crash/NN victims/NNS ]
./. 

======================================

[ U.S./NNP District/NNP Judge/NNP Julian/NNP A./NN Cook/NNP Jr./NNP ]
announced/VBD 
[ the/DT settlements/NNS ]
as/IN 
[ the/DT jury/NN trial/NN ]
was/VBD to/TO begin/VB yesterday/NN ./. 

[ He/PRP ]
reset/VB opening/JJ 
[ arguments/NNS ]
for/IN 
[ today/NN ]
./. 

======================================

[ The/DT jury/NN ]
will/MD resolve/VB 
[ the/DT claims/NNS ]
against/IN 
[ McDonnell/NNP Douglas/NNP ]
,/, 
[ Northwest/NNP 's/POS claim/NN ]
that/IN 
[ a/DT defect/NN ]
in/IN 
[ the/DT aircraft/NN ]
caused/VBD 
[ the/DT crash/NN ]
,/, and/CC 
[ McDonnell/NNP Douglas/NNP '/POS claim/NN ]
that/IN 
[ the/DT plane/NN ]
was/VBD improperly/RB flown/VBN ./. 

======================================

[ The/DT National/NNP Transportation/NNP Safety/NNP Board/NNP ]
ruled/VBD that/IN 
[ pilots/NNS ]
failed/VBD to/TO set/VB 
[ the/DT plane/NN 's/POS wing/NN flaps/NNS ]
and/CC slats/NNS properly/RB for/IN 
[ takeoff/NN ]
and/CC failed/VBD to/TO make/VB 
[ mandatory/JJ preflight/JJ checks/NNS ]

[ that/WDT ]
would/MD have/VB detected/VBN 
[ the/DT error/NN ]
./. 

Also/RB ,/, 
[ a/DT cockpit/NN warning/VBG system/NN ]
failed/VBD to/TO alert/VB 
[ the/DT pilots/NNS ]

[ the/DT flaps/NNS ]
and/CC 
[ slats/NNS ]
were/VBD not/RB set/VBN for/IN 
[ takeoff/NN ]
,/, 
[ the/DT NTSB/NNP ]
said/VBD ./. 

======================================

[ The/DT only/JJ passenger/NN ]

[ who/WP ]
survived/VBD 
[ the/DT crash/NN ]
was/VBD 
[ Cecelia/NNP Cichan/NNP ]
,/, then/RB 
[ 4/CD ]
,/, of/IN 
[ Tempe/NNP ]
,/, 
[ Ariz./NNP ]
,/, 
[ whose/WP$ parents/NNS ]
and/CC 
[ brother/NN ]
died/VBD in/IN 
[ the/DT crash/NN ]
./. 

[ She/PRP ]
now/RB lives/VBZ with/IN 
[ relatives/NNS ]
in/IN 
[ Alabama/NNP ]
./. 



======================================

[ Sun/NNP Myung/NNP Moon/NNP ]
,/, 
[ the/DT Korean/JJ evangelist-industrialist/NN ]

[ who/WP ]
in/IN 
[ 1954/CD ]
founded/VBD 
[ the/DT Unification/NNP Church/NNP ]
,/, remains/VBZ 
[ the/DT mystery/NN man/NN ]
behind/IN 
[ a/DT multimillion-dollar/JJ political/JJ ]
and/CC 
[ publishing/VBG operation/NN ]
based/VBN in/IN 
[ this/DT country/NN ]
and/CC 
[ catering/VBG ]
to/TO 
[ the/DT American/JJ right/NN ]
./. 

But/CC 
[ there/EX ]
may/MD be/VB less/JJR there/RB than/IN meets/VBZ 
[ the/DT eye/NN ]
./. 

======================================

[ Mr./NNP Moon/NNP ]
planned/VBD to/TO convert/VB 
[ millions/NNS ]
of/IN 
[ Americans/NNPS ]
to/TO 
[ his/PRP$ unique/JJ brand/NN ]
of/IN 
[ Christianity/NNP ]
--/: in/IN 
[ which/WDT ]

[ he/PRP ]
plays/VBZ 
[ the/DT role/NN ]
of/IN 
[ Old/NNP Testament-style/JJ temporal/JJ ]
,/, 
[ political/JJ messiah/NN ]
--/: and/CC then/RB to/TO make/VB 
[ the/DT U.S./NNP part/NN ]
of/IN 
[ a/DT unified/JJ international/JJ theocracy/NN ]
./. 

[ His/PRP$ original/JJ strategy/NN ]
 (/( in/IN 
[ itself/PRP ]

[ a/DT brilliant/JJ innovation/NN ]
for/IN spreading/VBG 
[ a/DT religion/NN ]
 )/) was/VBD to/TO create/VB 
[ new/JJ economic/JJ enterprises/NNS ]

[ each/DT time/NN ]

[ he/PRP ]
wanted/VBD to/TO extend/VB and/CC fund/VB 
[ his/PRP$ various/JJ religious/JJ missions/NNS ]
./. 

[ Tax-exempt/JJ airport/NN ]
and/CC 
[ street-corner/JJ solicitations/NNS ]
were/VBD intended/VBN only/RB to/TO provide/VB 
[ start-up/JJ funds/NNS ]
./. 

[ More/RBR stable/JJ industries/NNS ]
were/VBD to/TO build/VB 
[ an/DT ]
economically/RB 
[ viable/JJ infrastructure/NN ]
for/IN 
[ the/DT Moon/NNP movement/NN ]
in/IN 
[ North/NNP America/NNP ]
,/, as/IN 
[ they/PRP ]
had/VBD in/IN 
[ Japan/NNP ]
and/CC 
[ South/NNP Korea/NNP ]
./. 

Then/RB 
[ he/PRP ]
would/MD move/VB 
[ his/PRP$ movement/NN ]
to/TO 
[ Europe/NNP ]
./. 

======================================

But/CC 
[ that/DT ]
was/VBD not/RB to/TO be/VB ./. 

======================================

Throughout/IN 
[ the/DT 1970s/NNS ]
and/CC early/RB 
[ 1980s/NNS spokesmen/NNS ]
for/IN 
[ both/DT ]

[ the/DT Unification/NNP Church/NNP ]
and/CC 
[ its/PRP$ opponents/NNS ]
in/IN 
[ the/DT anticult/NN movement/NN ]
gave/VBD wildly/RB exaggerated/JJ 
[ membership/NN figures/NNS ]
./. 

[ Their/PRP$ legacy/NN ]
lives/VBZ on/RP ./. 

[ It/PRP ]
is/VBZ still/RB common/JJ to/TO read/VB in/IN 
[ the/DT press/NN ]
that/IN 
[ the/DT church/NN ]
has/VBZ 
[ 10,000/CD ]
or/CC 
[ more/JJR full-time/JJ American/JJ members/NNS ]
and/CC 
[ 25,000/CD ]
``/`` 
[ associates/NNS ]
./. 

''/'' 
[ Some/DT estimates/NNS ]
have/VBP gone/VBN as/RB high/JJ as/IN 
[ 80,000/CD members/NNS ]
./. 

======================================

But/CC 
[ internal/JJ church/NN documents/NNS ]
clearly/RB show/VBP that/IN at/IN 
[ its/PRP$ publicity-seeking/JJ heights/NNS ]
,/, as/IN when/WRB 
[ it/PRP ]
organized/VBD 
[ a/DT spectacular/JJ Yankee/NNP Stadium/NNP bicentennial/JJ rally/NN ]
in/IN 
[ 1976/CD ]
,/, 
[ there/EX ]
actually/RB were/VBD only/JJ about/IN 
[ 2,000/CD full-time/JJ Unification/NNP Church/NNP members/NNS ]
in/IN 
[ the/DT U.S./NNP Mr./NNP Moon/NNP 's/POS support/NN ]
for/IN 
[ a/DT Watergate-beleaguered/JJ Richard/NNP Nixon/NNP ]
,/, 
[ the/DT Koreagate/NNP scandal/NN ]
,/, and/CC 
[ his/PRP$ prison/NN sentence/NN ]
for/IN 
[ income-tax/NN evasion/NN ]
did/VBD not/RB help/VB 
[ the/DT church/NN 's/POS recruitment/NN efforts/NNS ]
./. 

[ Defections/NNS ]
,/, 
[ burnouts/NNS ]
,/, and/CC 
[ abduction/NN ]
``/`` 
[ deprogrammings/NNS ]
''/'' kept/VBN 
[ member/NN turnover/NN ]
high/RB ./. 

That/IN 
[ the/DT membership/NN number/NN ]
has/VBZ even/RB kept/VBN close/RB to/TO 
[ its/PRP$ 1976/CD size/NN ]
is/VBZ 
[ the/DT result/NN ]
of/IN 
[ the/DT ]
``/`` graying/NN ''/'' of/IN 
[ the/DT church/NN ]
./. 

[ Many/JJ ]
of/IN 
[ the/DT enthusiastic/JJ young/JJ ]
``/`` 
[ Moonies/NNPS ]
''/'' of/IN 
[ the/DT Nixon/NNP era/NN ]

[ who/WP ]
remained/VBD 
[ faithful/NN ]
to/TO 
[ Father/NNP Moon/NNP ]
are/VBP now/RB 
[ parents/NNS ]
,/, producing/VBG 
[ new/JJ members/NNS ]
by/IN 
[ procreation/NN ]
rather/RB than/IN 
[ conversion/NN ]
./. 

======================================

[ The/DT reputed/JJ wealth/NN ]
of/IN 
[ the/DT Unification/NNP Church/NNP ]
is/VBZ 
[ another/DT matter/NN ]
of/IN 
[ contention/NN ]
./. 

For/IN 
[ a/DT while/NN ]
in/IN 
[ the/DT 1970s/NNS it/PRP ]
seemed/VBD 
[ Mr./NNP Moon/NNP ]
was/VBD on/IN 
[ a/DT spending/JJ spree/NN ]
,/, with/IN 
[ such/JJ purchases/NNS ]
as/IN 
[ the/DT former/JJ New/NNP Yorker/NNP Hotel/NNP ]
and/CC 
[ its/PRP$ adjacent/JJ Manhattan/NNP Center/NNP ]
;/: 
[ a/DT fishing\/processing/JJ conglomerate/NN ]
with/IN 
[ branches/NNS ]
in/IN 
[ Alaska/NNP ]
,/, 
[ Massachusetts/NNP ]
,/, 
[ Virginia/NNP ]
and/CC 
[ Louisiana/NNP ]
;/: 
[ a/DT former/JJ Christian/NNP Brothers/NNPS monastery/NN ]
and/CC 
[ the/DT Seagram/NNP family/NN mansion/NN ]
 (/( 
[ both/DT ]
picturesquely/RB situated/VBN on/IN 
[ the/DT Hudson/NNP River/NNP ]
 )/) ;/: 
[ shares/NNS ]
in/IN 
[ banks/NNS ]
from/IN 
[ Washington/NNP ]
to/TO Uruguay/NNP ;/: 
[ a/DT motion/NN picture/NN production/NN company/NN ]
,/, and/CC 
[ newspapers/NNS ]
,/, such/JJ as/IN 
[ the/DT Washington/NNP Times/NNP ]
,/, 
[ the/DT New/NNP York/NNP City/NNP Tribune/NNP ]
 (/( originally/RB 
[ the/DT News/NNP World/NNP ]
 )/) ,/, and/CC 
[ the/DT successful/JJ Spanish-language/JJ Noticias/NNP ]

[ del/FW Mundo/NNP ]
./. 

======================================

Yet/RB 
[ these/DT purchases/NNS ]
can/MD be/VB misleading/JJ ./. 

Most/JJS were/VBD obtained/VBN with/IN 
[ huge/JJ inputs/NNS ]
of/IN 
[ church/NN money/NN ]
from/IN 
[ South/NNP Korea/NNP ]
and/CC 
[ Japan/NNP ]
,/, 
[ minimum/NN cash/NN downpayments/NNS ]
and/CC 
[ sizable/JJ mortgages/NNS ]
./. 

[ Those/DT teams/NNS ]
of/IN 
[ young/JJ fund-raisers/NNS ]
selling/VBG 
[ flowers/NNS ]
,/, 
[ peanuts/NNS ]
or/CC begging/VBG outright/RB at/IN 
[ traffic/NN intersections/NNS ]
brought/VBN in/RP somewhere/RB near/IN 
[ $/$ 20/CD million/CD ]

[ a/DT year/NN ]
during/IN 
[ the/DT mid-to-late/JJ 1970s/NNS ]
,/, but/CC 
[ those/DT revenues/NNS ]
were/VBD 
[ a/DT pittance/NN ]
compared/VBN to/TO 
[ the/DT costs/NNS ]
of/IN 
[ Mr./NNP Moon/NNP 's/POS lavish/JJ international/JJ conferences/NNS ]
,/, speaking/NN 
[ tours/NNS ]
,/, and/CC 
[ assorted/JJ land/NN ]
buys/NNS ./. 

[ Only/JJ his/PRP$ factories/NNS ]
in/IN 
[ Japan/NNP ]
and/CC 
[ Korea/NNP ]
,/, employing/VBG 
[ his/PRP$ followers/NNS ]
at/IN 
[ subsistence/NN wages/NNS ]
and/CC producing/VBG 
[ everything/NN ]
from/IN 
[ rifles/NNS ]
to/TO 
[ ginseng/NN ]
to/TO 
[ expensive/JJ marble/NN vases/NNS ]
,/, kept/VBD 
[ the/DT money/NN ]
flowing/VBG westward/RB ./. 

======================================

[ Virginia/NNP Commonwealth/NNP University/NNP sociologist/NN David/NNP Bromley/NNP ]
,/, 
[ who/WP ]
more/RBR than/IN 
[ any/DT other/JJ researcher/NN ]
has/VBZ delved/VBN into/IN 
[ the/DT complex/JJ world/NN ]
of/IN 
[ Unificationist/JJ finances/NNS ]
,/, has/VBZ concluded/VBN that/IN 
[ profitable/JJ operations/NNS ]
in/IN 
[ the/DT U.S./NNP ]
have/VBP been/VBN 
[ the/DT exceptions/NNS ]
rather/RB than/IN 
[ the/DT rule/NN ]
./. 

Likewise/RB ,/, 
[ journalists/NNS John/NNP Burgess/NNP ]
and/CC 
[ Michael/NNP Isikoff/NNP ]
of/IN 
[ the/DT Washington/NNP Post/NNP ]
have/VBP estimated/VBN that/IN at/IN 
[ least/JJS $/$ 800/CD million/CD ]
was/VBD transferred/VBN from/IN 
[ Japan/NNP ]
to/TO 
[ the/DT U.S./NNP ]
to/TO deal/VB with/IN 
[ the/DT church/NN 's/POS annual/JJ operating/NN losses/NNS ]
in/IN 
[ this/DT country/NN ]
./. 

======================================

[ Mr./NNP Moon/NNP 's/POS two/CD English-language/JJ U.S./NNP newspapers/NNS ]
illustrate/VBP 
[ the/DT scope/NN ]
of/IN 
[ this/DT financial/JJ drain/NN ]
./. 

[ Start-up/JJ costs/NNS ]
for/IN 
[ the/DT Washington/NNP Times/NNPS ]
alone/RB were/VBD close/JJ to/TO 
[ $/$ 50/CD million/CD ]
,/, and/CC 
[ the/DT total/JJ amount/NN ]
lost/VBN in/IN 
[ this/DT journalistic/JJ black/JJ hole/NN ]
was/VBD estimated/VBN at/IN 
[ $/$ 150/CD million/CD ]
by/IN 
[ 1984/CD ]
./. 

Since/IN then/RB ,/, 
[ Moon/NNP 's/POS organization/NN ]
has/VBZ inaugurated/VBN 
[ a/DT pair/NN ]
of/IN 
[ high-quality/JJ glossy/JJ opinion/NN magazines/NNS ]
,/, 
[ The/DT World/NNP ]
and/CC 
[ I/NNP ]
and/CC 
[ Insight/NNP ]
,/, 
[ which/WDT ]
are/VBP 
[ a/DT further/JJ drain/NN ]
./. 

[ Insiders/NNS ]
say/VBP that/IN not/RB 
[ even/RB their/PRP$ editors/NNS ]
know/VBP for/IN 
[ sure/JJ ]
how/WRB 
[ much/JJ ]

[ these/DT show-piece/JJ publications/NNS ]
,/, along/IN with/IN 
[ the/DT newspapers/NNS ]
,/, have/VBP cost/VBN 
[ Mr./NNP Moon/NNP ]
./. 

======================================

[ Many/JJ American/JJ church-owned/JJ businesses/NNS ]
,/, such/JJ as/IN 
[ a/DT $/$ 30/CD million/CD factory/NN ]
to/TO build/VB fishing/NN 
[ vessels/NNS ]
,/, are/VBP defunct/JJ ./. 

[ Some/DT components/NNS ]
of/IN 
[ the/DT American/JJ church/NN ]
had/VBD 
[ their/PRP$ budgets/NNS ]
cut/VBN in/IN 
[ half/NN last/JJ year/NN ]
and/CC again/RB 
[ this/DT year/NN ]
./. 

[ The/DT ]
relatively/RB 
[ small/JJ academic/JJ conferences/NNS ]

[ that/WDT ]
have/VBP attracted/VBN 
[ conservative/JJ guests/NNS ]
--/: and/CC 
[ press/NN scrutiny/NN ]
--/: in/IN 
[ recent/JJ years/NNS ]
are/VBP much/RB more/RBR narrowly/RB targeted/JJ and/CC austere/JJ than/IN 
[ the/DT thousand-person/JJ get-togethers/NNS ]
in/IN 
[ fancy/JJ digs/NNS ]
and/CC 
[ exotic/JJ locales/NNS ]
of/IN 
[ years/NNS past/JJ ]
./. 

[ I/PRP ]
attended/VBD 
[ several/JJ ]
of/IN 
[ these/DT ]
in/IN 
[ the/DT dual/JJ role/NN ]
as/IN 
[ a/DT presenter/NN ]
of/IN 
[ research/NN findings/NNS ]
as/RB well/RB as/IN 
[ an/DT investigator/NN ]
of/IN 
[ my/PRP$ hosts/NNS ]
./. 

 (/( 
[ Mr./NNP Moon/NNP 's/POS Paragon/NNP House/NNP ]
eventually/RB even/RB published/VBD 
[ three/CD ]
of/IN 
[ my/PRP$ co-edited/JJ books/NNS ]
on/IN 
[ religion/NN ]
and/CC 
[ politics/NNS ]
./. 

 )/) 
======================================

According/VBG to/TO 
[ veteran/NN watchers/NNS ]
of/IN 
[ Unificationist/JJ affairs/NNS ]
,/, such/JJ as/IN 
[ Dr./NNP J./NNP Gordon/NNP Melton/NNP ]
,/, 
[ director/NN ]
of/IN 
[ the/DT Institute/NNP ]
for/IN 
[ the/DT Study/NNP ]
of/IN 
[ American/NNP Religion/NNP ]
,/, almost/RB 
[ all/DT operations/NNS ]
are/VBP being/VBG drastically/RB reduced/VBN as/IN 
[ Mr./NNP Moon/NNP ]
now/RB concentrates/VBZ 
[ more/RBR ]
on/IN developing/VBG 
[ his/PRP$ empire/NN ]
in/IN 
[ the/DT Far/NNP East/NNP ]
./. 

``/`` 
[ Everything/NN ]
,/, ''/'' 
[ one/CD non-``/`` Moonie/NN ]
''/'' 
[ senior/JJ consultant/NN ]
to/TO 
[ the/DT Unification/NNP Church/NNP ]
recently/RB told/VBD 
[ me/PRP ]
in/IN 
[ an/DT interview/NN ]
,/, ``/`` is/VBZ going/VBG back/RB to/TO 
[ Korea/NNP ]
and/CC 
[ Japan/NNP ]
./. 

''/'' (/( 
[ Europe/NNP ]
had/VBD proved/VBN even/RB less/RBR hospitable/JJ than/IN 
[ North/NNP America/NNP ]
./. 

[ European/JJ politicians/NNS ]
were/VBD less/RBR reluctant/JJ to/TO have/VB 
[ their/PRP$ governments/NNS ]
investigate/VB and/CC harass/VB 
[ new/JJ religions/NNS ]
./. 

 )/) 
======================================

So/RB 
[ Mr./NNP Moon/NNP ]
is/VBZ in/IN 
[ retreat/NN ]
,/, 
[ refocusing/VBG ]
on/IN 
[ the/DT Far/NNP East/NNP ]
./. 

[ South/NNP Korea/NNP ]
and/CC 
[ Japan/NNP ]
continue/VBP to/TO be/VB profitable/JJ ./. 

[ Moon/NNP 's/POS Tong'Il/NNP industry/NN conglomerate/NN ]
is/VBZ now/RB investing/VBG heavily/RB in/IN 
[ China/NNP ]
,/, where/WRB 
[ church/NN accountants/NNS ]
have/VBP 
[ high/JJ hopes/NNS ]
of/IN expanding/VBG and/CC 
[ attracting/VBG converts/NNS ]
even/RB in/IN 
[ the/DT wake/NN ]
of/IN 
[ the/DT bloody/JJ massacre/NN ]
in/IN 
[ Tiananmen/NNP Square/NNP ]
./. 

[ Panda/NNP Motors/NNPS ]
is/VBZ 
[ one/CD ]

[ such/JJ investment/NN ]
./. 

======================================

According/VBG to/TO 
[ senior/JJ consultants/NNS ]
to/TO 
[ the/DT church/NN ]
,/, 
[ Mr./NNP Moon/NNP ]
has/VBZ successfully/RB negotiated/VBN 
[ a/DT joint/JJ venture/NN ]
with/IN 
[ the/DT Chinese/JJ government/NN ]
to/TO build/VB 
[ an/DT automobile-parts/JJ plant/NN ]
in/IN 
[ Guangdong/NNP Province/NNP ]
,/, 
[ an/DT area/NN ]
of/IN 
[ China/NNP ]
with/IN 
[ a/DT substantial/JJ Korean/JJ minority/NN ]
./. 

[ Mr./NNP Moon/NNP ]
has/VBZ agreed/VBN to/TO put/VB up/RP 
[ $/$ 10/CD million/CD ]

[ a/DT year/NN ]
for/IN 
[ 25/CD years/NNS ]
and/CC keep/VB 
[ the/DT profits/NNS ]
in/IN 
[ China/NNP ]
./. 

In/IN 
[ return/NN ]
,/, 
[ he/PRP ]
has/VBZ 
[ the/DT government/NN 's/POS blessing/NN ]
to/TO build/VB 
[ churches/NNS ]
and/CC spread/VBD 
[ Unificationism/NNP ]
in/IN 
[ that/DT country/NN ]
./. 

======================================

[ Whatever/WDT respectability/NN ]
and/CC 
[ ties/NNS ]
to/TO 
[ intellectuals/NNS ]
and/CC 
[ opinion-makers/NNS ]

[ the/DT publications/NNS ]
and/CC 
[ conferences/NNS ]
bring/VBP really/RB are/VBP salvage/NN --/: not/RB 
[ the/DT Rev./NNP Moon/NNP 's/POS original/JJ final/JJ goals/NNS ]
,/, but/CC 
[ the/DT ones/NNS ]
for/IN 
[ which/WDT ]

[ he/PRP ]
will/MD have/VB to/TO settle/VB ./. 

======================================

[ Mr./NNP Shupe/NNP ]
is/VBZ 
[ co-author/NN ]
 (/( with/IN 
[ David/NNP G./NNP Bromley/NNP ]
 )/) of/IN 
[ ``/`` `/``  Moonies/NNS '/'' ]
in/IN 
[ America/NNP ]
:/: 
[ Cult/NN ]
,/, 
[ Church/NN ]
,/, and/CC 
[ Crusade/NN ]
''/'' and/CC ``/`` 
[ Strange/JJ Gods/NNS ]
:/: 
[ The/DT Great/JJ American/JJ Cult/NNP Scare/NNP ]
./. 

''/''
======================================



======================================

[ The/DT Manville/NNP Personal/NNP Injury/NNP Settlement/NNP Trust/NNP ]
said/VBD 
[ it/PRP ]
is/VBZ considering/VBG 
[ several/JJ ways/NNS ]
to/TO ease/VB 
[ a/DT liquidity/NN crunch/NN ]

[ that/WDT ]
could/MD include/VB 
[ the/DT sale/NN ]
of/IN 
[ Manville/NNP Corp./NNP ]
to/TO 
[ a/DT third/JJ party/NN ]
./. 

======================================

In/IN 
[ a/DT filing/NN ]
with/IN 
[ the/DT Securities/NNPS ]
and/CC 
[ Exchange/NNP Commission/NNP ]
,/, 
[ the/DT majority/NN holder/NN ]
of/IN 
[ Manville/NNP ]
acknowledged/VBD that/IN 
[ the/DT cash/NN portion/NN ]
of/IN 
[ its/PRP$ initial/JJ ]
funding/NN of/IN 
[ $/$ 765/CD million/CD ]
will/MD be/VB depleted/VBN 
[ next/JJ year/NN ]
,/, and/CC that/IN 
[ alternative/JJ sources/NNS ]
of/IN 
[ funds/NNS ]
will/MD be/VB necessary/JJ to/TO meet/VB 
[ its/PRP$ obligations/NNS ]
./. 

[ The/DT trust/NN ]
,/, 
[ which/WDT ]
was/VBD created/VBN as/IN 
[ part/NN ]
of/IN 
[ Manville/NNP 's/POS bankruptcy-law/NN reorganization/NN ]
to/TO compensate/VB 
[ victims/NNS ]
of/IN 
[ asbestos-related/JJ diseases/NNS ]
,/, ultimately/RB expects/VBZ to/TO receive/VB 
[ $/$ 2.5/CD billion/CD ]
from/IN 
[ Manville/NNP ]
,/, but/CC 
[ its/PRP$ cash/NN flow/NN ]
from/IN 
[ investments/NNS ]
has/VBZ so/RB far/RB lagged/VBN behind/IN 
[ its/PRP$ payments/NNS ]
to/TO 
[ victims/NNS ]
./. 

======================================

[ Spokespersons/NNS ]
for/IN 
[ both/DT ]

[ the/DT trust/NN ]
and/CC 
[ the/DT company/NN ]
refused/VBD to/TO comment/VB on/IN whether/IN 
[ any/DT talks/NNS ]
with/IN 
[ a/DT possible/JJ acquirer/NN ]
of/IN 
[ Manville/NNP ]
had/VBD actually/RB taken/VBN 
[ place/NN ]
./. 

[ The/DT trust/NN ]
is/VBZ considering/VBG 
[ a/DT sale/NN ]
of/IN 
[ its/PRP$ Manville/NNP holdings/NNS ]
,/, but/CC 
[ Manville/NNP ]
has/VBZ 
[ the/DT right/NN ]
of/IN 
[ first/JJ refusal/NN ]
on/IN 
[ any/DT sales/NNS ]
of/IN 
[ its/PRP$ stock/NN ]
held/VBN by/IN 
[ the/DT trust/NN ]
./. 

======================================

[ Manville/NNP ]
,/, 
[ a/DT forest/NN ]
and/CC 
[ building/NN products/NNS concern/NN ]
,/, has/VBZ offered/VBN to/TO pay/VB 
[ the/DT trust/NN $/$ 500/CD million/CD ]
for/IN 
[ a/DT majority/NN ]
of/IN 
[ Manville/NNP 's/POS convertible/JJ preferred/JJ stock/NN ]
./. 

[ Manville/NNP ]
and/CC 
[ the/DT trust/NN ]
are/VBP discussing/VBG 
[ the/DT offer/NN ]
,/, but/CC 
[ no/DT decision/NN ]
has/VBZ been/VBN made/VBN ./. 

======================================

[ The/DT filing/NN ]
also/RB said/VBD 
[ the/DT trust/NN ]
is/VBZ considering/VBG 
[ a/DT sale/NN ]
of/IN 
[ Manville/NNP securities/NNS ]
in/IN 
[ the/DT open/JJ market/NN ]
;/: 
[ an/DT extraordinary/JJ dividend/NN ]
on/IN 
[ the/DT common/JJ stock/NN ]
;/: or/CC 
[ a/DT recapitalization/NN ]
of/IN 
[ Manville/NNP ]
./. 

======================================

[ The/DT Soviet/NNP Union/NNP 's/POS jobless/JJ rate/NN ]
is/VBZ soaring/VBG to/TO 
[ 27/CD %/NN ]
in/IN 
[ some/DT areas/NNS ]
,/, 
[ Pravda/NNP ]
said/VBD ./. 

[ It/PRP ]
said/VBD 
[ the/DT situation/NN ]
is/VBZ caused/VBN by/IN 
[ efforts/NNS ]
to/TO streamline/VB 
[ bloated/JJ factory/NN payrolls/NNS ]
./. 

======================================

[ Unemployment/NN ]
has/VBZ reached/VBN 
[ 27.6/CD %/NN ]
in/IN 
[ Azerbaijan/NNP ]
,/, 
[ 25.7/CD %/NN ]
in/IN 
[ Tadzhikistan/NNP ]
,/, 
[ 22.8/CD %/NN ]
in/IN 
[ Uzbekistan/NNP ]
,/, 
[ 18.8/CD %/NN ]
in/IN 
[ Turkmenia/NNP ]
,/, 
[ 18/CD %/NN ]
in/IN 
[ Armenia/NNP ]
and/CC 
[ 16.3/CD %/NN ]
in/IN 
[ Kirgizia/NNP ]
,/, 
[ the/DT Communist/NNP Party/NNP newspaper/NN ]
said/VBD ./. 

[ All/DT ]
are/VBP 
[ non-Russian/JJ republics/NNS ]
along/IN 
[ the/DT southern/JJ border/NN ]
of/IN 
[ the/DT Soviet/NNP Union/NNP ]
,/, and/CC 
[ all/DT ]
but/CC 
[ Kirgizia/NNP ]
have/VBP reported/VBN rioting/NN in/IN 
[ the/DT past/JJ six/CD months/NNS ]
./. 

======================================

[ The/DT newspaper/NN ]
said/VBD 
[ it/PRP ]
is/VBZ 
[ past/JJ time/NN ]
for/IN 
[ the/DT Soviet/NNP Union/NNP ]
to/TO create/VB 
[ unemployment/NN insurance/NN ]
and/CC 
[ retraining/VBG programs/NNS ]
like/IN 
[ those/DT ]
of/IN 
[ the/DT West/NNP ]
./. 

======================================

[ Pravda/NNP ]
gave/VBD 
[ no/DT estimate/NN ]
for/IN 
[ overall/JJ unemployment/NN ]
but/CC said/VBD 
[ an/DT ]
``/`` 
[ Association/NNP ]
of/IN 
[ the/DT Unemployed/NNP ]
''/'' has/VBZ cropped/VBN up/RB 
[ that/DT ]
says/VBZ 
[ the/DT number/NN ]
of/IN 
[ jobless/JJ ]
is/VBZ 
[ 23/CD million/CD Soviets/NNPS ]
,/, or/CC 
[ 17/CD %/NN ]
of/IN 
[ the/DT work/NN force/NN ]
./. 

======================================

[ An/DT 11-week/JJ dispute/NN ]
involving/VBG 
[ Australia/NNP 's/POS 1,640/CD domestic/JJ pilots/NNS ]
has/VBZ slashed/VBN 
[ airline/NN earnings/NNS ]
and/CC crippled/VBN much/JJ of/IN 
[ the/DT continent/NN 's/POS tourist/NN industry/NN ]
./. 

``/`` 
[ The/DT only/JJ people/NNS ]

[ who/WP ]
are/VBP flying/VBG are/VBP 
[ those/DT ]

[ who/WP ]
have/VBP to/TO ,/, ''/'' said/VBD 
[ Frank/NNP Moore/NNP ]
,/, 
[ chairman/NN ]
of/IN 
[ the/DT Australian/NNP Tourist/NNP Industry/NNP Association/NNP ]
./. 

[ He/PRP ]
added/VBD :/: ``/`` How/WRB is/VBZ 
[ a/DT travel/NN agent/NN ]
going/VBG to/TO sell/VB 
[ a/DT holiday/NN ]
when/WRB 
[ he/PRP ]
can/MD not/RB guarantee/VB 
[ a/DT return/NN flight/NN ]
?/. 

''/'' Transport/VB 
[ giant/NN TNT/NNP ]
,/, 
[ which/WDT ]
owns/VBZ 
[ half/NN ]
of/IN 
[ one/CD ]
of/IN 
[ the/DT country/NN 's/POS two/CD major/JJ domestic/JJ carriers/NNS ]
,/, said/VBD 
[ the/DT cost/NN ]
of/IN 
[ the/DT dispute/NN ]
had/VBD been/VBN 
[ heavy/JJ ]
,/, cutting/VBG 
[ TNT/NNP 's/POS profits/NNS 70/CD %/NN ]
to/TO 
[ $/$ 12/CD million/CD ]
in/IN 
[ the/DT three/CD months/NNS ]
to/TO 
[ Sept./NNP 30/CD ]
./. 

======================================

[ Brazilian/JJ financier/NN Naji/NNP Nahas/NNP ]
,/, 
[ who/WP ]
was/VBD arrested/VBN on/IN 
[ Monday/NNP ]
after/IN 
[ 102/CD days/NNS ]
in/IN 
[ hiding/NN ]
,/, is/VBZ likely/JJ to/TO be/VB interrogated/VBN 
[ next/JJ week/NN ]
by/IN 
[ the/DT Brazilian/JJ judiciary/NN ]
./. 

[ Mr./NNP Nahas/NNP ]
,/, 
[ who/WP ]
single-handedly/RB provoked/VBD 
[ a/DT one-day/JJ closure/NN ]
of/IN 
[ Brazil/NNP 's/POS stock/NN markets/NNS ]
in/IN 
[ June/NNP ]
when/WRB 
[ he/PRP ]
failed/VBD to/TO honor/VB 
[ a/DT debt/NN ]
of/IN 
[ $/$ 31.1/CD million/CD ]
owed/VBN to/TO 
[ his/PRP$ brokers/NNS ]
,/, yesterday/NN blamed/VBD 
[ his/PRP$ predicament/NN ]
on/IN 
[ the/DT president/NN ]
of/IN 
[ the/DT Sao/NNP Paulo/NNP stock/NN exchange/NN ]
;/: 
[ a/DT few/JJ days/NNS ]
before/IN 
[ Mr./NNP Nahas/NNP 's/POS failure/NN ]
,/, 
[ the/DT exchange/NN ]
raised/VBD 
[ the/DT required/JJ margin/NN ]
on/IN 
[ stock-margin/JJ transactions/NNS ]
./. 

======================================

[ China/NNP 's/POS parliament/NN ]
ousted/VBD 
[ two/CD Hong/NNP Kong/NNP residents/NNS ]
from/IN 
[ a/DT panel/NN ]
drafting/VBG 
[ a/DT new/JJ constitution/NN ]
for/IN 
[ the/DT colony/NN ]
./. 

[ The/DT two/CD ]
,/, 
[ Szeto/NNP Wah/NNP ]
and/CC 
[ Martin/NNP Lee/NNP ]
,/, were/VBD deemed/VBN unfit/JJ because/IN 
[ they/PRP ]
had/VBD condemned/VBN 
[ China/NNP 's/POS crackdown/NN ]
on/IN 
[ its/PRP$ pro-democracy/JJ movement/NN ]
./. 

[ The/DT committee/NN ]
is/VBZ formulating/VBG 
[ Hong/NNP Kong/NNP 's/POS constitution/NN ]
for/IN when/WRB 
[ it/PRP ]
reverts/VBZ to/TO 
[ Chinese/JJ control/NN ]
in/IN 
[ 1997/CD ]
,/, and/CC 
[ Chinese/JJ lawmakers/NNS ]
said/VBD 
[ the/DT two/CD ]
can/MD only/RB return/VB if/IN 
[ they/PRP ]
``/`` abandon/VBP 
[ their/PRP$ antagonistic/JJ stand/NN ]
against/IN 
[ the/DT Chinese/JJ government/NN ]
and/CC 
[ their/PRP$ attempt/NN ]
to/TO nullify/VB 
[ the/DT Sino-British/JJ joint/NN declaration/NN ]
on/IN 
[ Hong/NNP Kong/NNP ]
./. 

''/'' 
======================================

[ NUCLEAR/NN REACTOR/NN ]
FOR/IN 
[ ISRAEL/NNP ]
?/. 

======================================

[ Israeli/JJ officials/NNS ]
confirmed/VBD that/IN 
[ Energy/NNP Minister/NNP Moshe/NNP Shahal/NNP ]
and/CC 
[ his/PRP$ Canadian/JJ counterpart/NN ]
,/, 
[ Jake/NNP Epp/NNP ]
,/, discussed/VBD 
[ a/DT possible/JJ Israeli/JJ purchase/NN ]
of/IN 
[ a/DT $/$ 1.1/CD billion/CD Canadian/JJ nuclear/JJ reactor/NN ]
for/IN 
[ producing/VBG electricity/NN ]
./. 

However/RB ,/, 
[ a/DT Canadian/NNP Embassy/NNP official/NN ]
in/IN 
[ Tel/NNP Aviv/NNP ]
said/VBD that/IN 
[ Canada/NNP ]
was/VBD unlikely/JJ to/TO sell/VB 
[ the/DT Candu/NNP heavy-water/NN reactor/NN ]
to/TO 
[ Israel/NNP ]
since/IN 
[ Israel/NNP has/VBZ n't/RB ]
signed/VBN 
[ the/DT Nuclear/NNP Non-Proliferation/NNP Treaty/NNP ]
./. 

[ Israel/NNP ]
has/VBZ been/VBN accused/VBN in/IN 
[ the/DT past/NN ]
of/IN 
[ using/VBG subterfuge/NN ]
to/TO seek/VB 
[ elements/NNS ]
needed/VBN to/TO develop/VB 
[ nuclear/JJ weapons/NNS ]
./. 

======================================

[ The/DT South/JJ Korean/JJ government/NN ]
is/VBZ signing/VBG 
[ a/DT protocol/NN today/NN ]
establishing/VBG 
[ formal/JJ diplomatic/JJ relations/NNS ]
with/IN 
[ Poland/NNP ]
./. 

[ The/DT two/CD ]
are/VBP also/RB signing/VBG 
[ a/DT trade/NN agreement/NN ]
./. 

[ South/JJ Korean/JJ government/NN officials/NNS ]
said/VBD 
[ they/PRP ]
do/VBP n't/RB expect/VB that/IN 
[ Seoul/NNP ]
can/MD loan/VB 
[ money/NN ]
to/TO 
[ Warsaw/NNP ]
,/, but/CC 
[ it/PRP ]
can/MD ``/`` offer/VB 
[ experience/NN ]
./. 

''/'' 
[ Poland/NNP ]
is/VBZ 
[ the/DT second/JJ Communist/JJ nation/NN ]
to/TO recognize/VB 
[ the/DT Seoul/NNP government/NN ]
;/: 
[ South/NNP Korea/NNP ]
established/VBD 
[ diplomatic/JJ relations/NNS ]
with/IN 
[ Hungary/NNP ]
in/IN 
[ February/NNP 1989/CD ]
./. 

======================================

[ Venezuela/NNP ]
will/MD hold/VB 
[ a/DT debt-equity/JJ auction/NN Friday/NNP ]
,/, with/IN 
[ 32/CD potential/JJ bidders/NNS ]
participating/VBG ./. 

======================================

Earlier/RBR 
[ this/DT year/NN ]
,/, 
[ Venezuela/NNP ]
announced/VBD 
[ it/PRP ]
was/VBD opening/VBG up/RP 
[ debt-equity/NN swaps/NNS ]
to/TO 
[ foreign/JJ investors/NNS ]
but/CC said/VBD 
[ the/DT program/NN ]
would/MD be/VB limited/JJ to/TO 
[ a/DT net/JJ disbursement/NN ]
of/IN 
[ $/$ 600/CD million/CD ]

[ a/DT year/NN ]
./. 

[ Friday/NNP 's/POS auction/NN ]
will/MD be/VB limited/JJ to/TO 
[ $/$ 150/CD million/CD ]
disbursed/VBN by/IN 
[ the/DT Central/NNP Bank/NNP ]
to/TO 
[ potential/JJ investors/NNS ]
./. 

======================================

[ The/DT office/NN ]
of/IN 
[ foreign/JJ investment/NN ]
has/VBZ authorized/VBN 
[ some/DT $/$ 1.78/CD billion/CD worth/NN ]
of/IN 
[ investment/NN proposals/NNS ]
,/, said/VBD 
[ Edwin/NNP Perozo/NNP ]
,/, 
[ superintendent/NN ]
of/IN 
[ foreign/JJ investment/NN ]
./. 

Most/JJS of/IN 
[ the/DT proposals/NNS ]
are/VBP in/IN 
[ tourism/NN ]
,/, 
[ basic/JJ industry/NN ]
and/CC 
[ fishery/NN ]
and/CC 
[ agro-industry/JJ projects/NNS ]
,/, 
[ he/PRP ]
said/VBD ./. 

======================================

Under/IN 
[ the/DT debt-equity/JJ program/NN ]
,/, 
[ potential/JJ investors/NNS ]
will/MD submit/VB 
[ sealed/JJ bids/NNS ]
on/IN 
[ the/DT percentage/NN ]
of/IN 
[ discount/NN ]

[ they/PRP ]
are/VBP willing/JJ to/TO purchase/VB 
[ the/DT debt/NN ]
at/IN ,/, and/CC 
[ the/DT bids/NNS ]
will/MD be/VB allocated/VBN based/VBN on/IN 
[ these/DT discount/NN ]
offers/NNS ./. 

[ The/DT Venezuelan/JJ central/JJ bank/NN ]
set/VBD 
[ a/DT 30/CD %/NN floor/NN ]
on/IN 
[ the/DT bidding/NN ]
./. 

======================================

[ A/DT song/NN ]
by/IN 
[ American/JJ singer/NN Tracy/NNP Chapman/NNP ]
praising/VBG jailed/JJ 
[ black/JJ leader/NN Nelson/NNP Mandela/NNP ]
was/VBD banned/VBN from/IN 
[ South/JJ African/JJ state/NN radio/NN ]
and/CC 
[ television/NN ]
./. 

[ The/DT South/NNP African/NNP Broadcasting/NNP Corp./NNP ]
said/VBD 
[ the/DT song/NN ]
``/`` 
[ Freedom/NN ]
Now/RB ''/'' was/VBD ``/`` 
[ undesirable/JJ ]
for/IN 
[ broadcasting/NN ]
./. 

''/'' .../: 

[ Britain/NNP 's/POS House/NNP ]
of/IN 
[ Commons/NNPS ]
passed/VBD 
[ a/DT law/NN ]

[ that/WDT ]
will/MD force/VB 
[ English/JJ soccer/NN fans/NNS ]
to/TO carry/VB 
[ identity/NN cards/NNS ]
to/TO enter/VB 
[ stadiums/NNS ]
./. 

[ The/DT ]
``/`` 
[ anti-hooligan/JJ ]
''/'' 
[ law/NN ]
,/, 
[ which/WDT ]
would/MD deprive/VB 
[ troublemakers/NNS ]
of/IN 
[ cards/NNS ]
,/, must/MD be/VB ratified/VBN by/IN 
[ the/DT House/NNP ]
of/IN 
[ Lords/NNPS ]
and/CC is/VBZ expected/VBN to/TO become/VB 
[ effective/JJ early/JJ next/JJ year/NN ]
./. 



======================================

[ A/DT federal/JJ judge/NN ]
ruled/VBD that/IN 
[ Imelda/NNP Marcos/NNP was/VBD n't/RB ]
brought/VBN to/TO 
[ the/DT U.S./NNP ]
against/IN 
[ her/PRP$ will/NN ]
and/CC that/IN 
[ marital/JJ privileges/NNS ]
,/, 
[ which/WDT ]
protect/VBP 
[ spouses/NNS ]
from/IN incriminating/VBG 
[ each/DT other/JJ ]
,/, do/VBP n't/RB apply/VB in/IN 
[ her/PRP$ case/NN ]
./. 

======================================

As/IN 
[ a/DT result/NN ]
,/, 
[ Judge/NNP John/NNP F./NNP Keenan/NNP ]
of/IN 
[ New/NNP York/NNP ]
ordered/VBD 
[ Mrs./NNP Marcos/NNP ]
to/TO turn/VB over/RB to/TO 
[ the/DT court/NN ]

[ all/DT pleadings/NNS ]
and/CC documents/NNS 
[ she/PRP ]
may/MD have/VB filed/VBN in/IN 
[ foreign/JJ countries/NNS ]
in/IN 
[ opposition/NN ]
to/TO 
[ U.S./NNP requests/NNS ]
for/IN 
[ evidence/NN ]
./. 

[ Mrs./NNP Marcos/NNP ]
had/VBD claimed/VBN that/IN 
[ she/PRP ]
did/VBD n't/RB have/VB to/TO turn/VB over/RP 
[ the/DT documents/NNS ]
because/IN 
[ she/PRP ]
was/VBD brought/VBN here/RB involuntarily/RB and/CC because/RB providing/VBG 
[ the/DT materials/NNS ]
would/MD violate/VB 
[ her/PRP$ marital/JJ privilege/NN ]
./. 

======================================

In/IN 
[ 1988/CD ]
,/, 
[ a/DT year/NN ]
and/CC 
[ a/DT half/NN ]
after/IN 
[ Mrs./NNP Marcos/NNP ]
and/CC 
[ her/PRP$ late/JJ husband/NN ]
,/, 
[ Ferdinand/NNP Marcos/NNP ]
,/, 
[ the/DT ousted/JJ president/NN ]
of/IN 
[ the/DT Philippines/NNPS ]
,/, fled/VBD 
[ the/DT Philippines/NNPS ]
for/IN 
[ Hawaii/NNP ]
,/, 
[ they/PRP ]
were/VBD charged/VBN with/IN racketeering/NN ,/, 
[ conspiracy/NN ]
,/, 
[ obstruction/NN ]
of/IN 
[ justice/NN ]
and/CC 
[ mail/NN fraud/NN ]
in/IN 
[ a/DT scheme/NN ]
in/IN 
[ which/WDT ]

[ they/PRP ]
allegedly/RB embezzled/VBD more/JJR than/IN 
[ $/$ 100/CD million/CD ]
from/IN 
[ their/PRP$ homeland/NN ]
./. 

Much/JJ of/IN 
[ the/DT money/NN ]
was/VBD fraudulently/RB concealed/VBN through/IN 
[ purchases/NNS ]
of/IN 
[ prime/JJ Manhattan/NNP real/JJ estate/NN ]
,/, 
[ federal/JJ prosecutors/NNS ]
have/VBP charged/VBN ./. 

[ Mrs./NNP Marcos/NNP 's/POS trial/NN ]
is/VBZ expected/VBN to/TO begin/VB in/IN 
[ March/NNP ]
./. 

======================================

[ U.S./NNP law/NN ]
requires/VBZ 
[ criminal/JJ defendants/NNS ]
to/TO turn/VB over/RP 
[ foreign/JJ documents/NNS ]
such/JJ as/IN 
[ those/DT ]
sought/VBN in/IN 
[ the/DT Marcos/NNP case/NN ]
./. 

[ The/DT law/NN ]
is/VBZ meant/VBN to/TO overcome/VB 
[ delays/NNS ]
caused/VBN by/IN 
[ defendants/NNS '/POS use/NN ]
of/IN 
[ foreign/JJ procedures/NNS ]
to/TO block/VB 
[ U.S./NNP requests/NNS ]
for/IN 
[ records/NNS ]
,/, 
[ Judge/NNP Keenan/NNP ]
said/VBD in/IN 
[ his/PRP$ opinion/NN ]
./. 

For/IN 
[ instance/NN ]
,/, 
[ the/DT documents/NNS ]
could/MD involve/VB 
[ foreign/JJ business/NN dealings/NNS ]
or/CC 
[ bank/NN accounts/NNS ]
./. 

[ The/DT U.S./NNP ]
has/VBZ charged/VBN that/IN 
[ the/DT Marcoses/NNPS '/POS alleged/VBN crimes/NNS ]
involved/VBD 
[ bank/NN accounts/NNS ]
in/IN 
[ the/DT Philippines/NNPS ]
,/, 
[ Hong/NNP Kong/NNP ]
,/, 
[ the/DT U.S./NNP ]
and/CC 
[ other/JJ countries/NNS ]
./. 

======================================

On/IN 
[ the/DT allegation/NN ]
of/IN kidnapping/NN ,/, 
[ Judge/NNP Keenan/NNP ]
wrote/VBD ,/, ``/`` 
[ The/DT suggestion/NN ]
that/IN 
[ Mrs./NNP Marcos/NNP ]
was/VBD brought/VBN to/TO 
[ this/DT country/NN ]
against/IN 
[ her/PRP$ will/NN ]
is/VBZ unsupported/JJ by/IN 
[ affidavit/NN ]
or/CC 
[ affirmation/NN ]
./. 

''/'' 
======================================

[ The/DT judge/NN ]
also/RB said/VBD 
[ the/DT two/CD marital/JJ testimonial/JJ privileges/NNS ]
cited/VBN by/IN 
[ Mrs./NNP Marcos/NNP ]
do/VBP n't/RB apply/VB ./. 

[ The/DT first/JJ one/NN ]
permits/VBZ 
[ a/DT witness/NN ]
to/TO refuse/VB to/TO testify/VB against/IN 
[ her/PRP$ spouse/NN ]
./. 

But/CC 
[ Judge/NNP Keenan/NNP ]
said/VBD 
[ that/DT privilege/NN 's/POS purpose/NN ]
is/VBZ ``/`` 
[ fostering/VBG harmony/NN ]
in/IN 
[ marriage/NN ]
./. 

''/'' Because/IN 
[ Mr./NNP Marcos/NNP ]
died/VBD 
[ Sept./NNP 28/CD ]
,/, 
[ the/DT privilege/NN ]
can/MD no/RB longer/RB apply/VB ,/, 
[ the/DT judge/NN ]
said/VBD ./. 

======================================

[ The/DT second/JJ marital/JJ privilege/NN ]
cited/VBN by/IN 
[ Mrs./NNP Marcos/NNP ]
protects/VBZ 
[ confidential/JJ communications/NNS ]
between/IN 
[ spouses/NNS ]
./. 

But/CC 
[ Judge/NNP Keenan/NNP ]
said/VBD 
[ that/DT privilege/NN ]
is/VBZ meant/VBN to/TO protect/VB 
[ private/JJ utterances/NNS ]
--/: not/RB 
[ litigation/NN papers/NNS ]
filed/VBN with/IN 
[ foreign/JJ governments/NNS ]
,/, as/IN 
[ Mrs./NNP Marcos/NNP 's/POS attorneys/NNS ]
maintained/VBD ./. 

======================================

[ Though/IN Judge/NNP Keenan/NNP ]
threw/VBD out/RP most/JJS of/IN 
[ Mrs./NNP Marcos/NNP 's/POS objections/NNS ]
,/, 
[ he/PRP ]
agreed/VBD with/IN 
[ one/CD ]
of/IN 
[ her/PRP$ concerns/NNS ]
:/: that/IN turning/VBG over/RP 
[ the/DT foreign/JJ documents/NNS ]
could/MD violate/VB 
[ the/DT defendant/NN 's/POS constitutional/JJ right/NN ]
against/IN 
[ self-incrimination/NN ]
./. 

As/IN 
[ a/DT result/NN ]
,/, 
[ he/PRP ]
said/VBD 
[ he/PRP ]
will/MD examine/VB 
[ the/DT Marcos/NNP documents/NNS ]
sought/VBN by/IN 
[ the/DT prosecutors/NNS ]
to/TO determine/VB whether/IN turning/VBG over/RP 
[ the/DT filings/NNS ]
is/VBZ 
[ self-incrimination/NN ]
./. 

[ Judge/NNP Keenan/NNP ]
also/RB directed/VBD 
[ the/DT prosecutors/NNS ]
to/TO show/VB that/IN 
[ Mrs./NNP Marcos/NNP 's/POS Fifth/NNP Amendment/NNP right/NN ]
against/IN 
[ self-incrimination/NN ]
wo/MD n't/RB be/VB violated/VBN ./. 

======================================

[ Mrs./NNP Marcos/NNP 's/POS attorney/NN ]
in/IN 
[ New/NNP York/NNP ]
,/, 
[ Sandor/NNP Frankel/NNP ]
,/, declined/VBD to/TO comment/VB on/IN 
[ the/DT ruling/NN ]
./. 

[ Mrs./NNP Marcos/NNP has/VBZ n't/RB ]
admitted/VBN that/IN 
[ she/PRP ]
filed/VBD 
[ any/DT documents/NNS ]
such/JJ as/IN 
[ those/DT ]
sought/VBN by/IN 
[ the/DT government/NN ]
./. 

[ Charles/NNP LaBella/NNP ]
,/, 
[ the/DT assistant/NN U.S./NNP attorney/NN ]
prosecuting/VBG 
[ the/DT Marcos/NNP case/NN ]
,/, did/VBD n't/RB return/VB 
[ phone/NN calls/NNS ]
seeking/VBG 
[ comment/NN ]
./. 

======================================

[ U.S/NNP ]
./. 

AND/CC 
[ BRITISH/JJ LAW/NN FIRMS/NNS ]
announce/VBP 
[ rare/JJ joint/JJ venture/NN ]
in/IN 
[ Tokyo/NNP ]
./. 

======================================

[ Sidley/NNP ]
&/CC 
[ Austin/NNP ]
,/, 
[ a/DT ]
leading/VBG 
[ Chicago-based/JJ law/NN firm/NN ]
,/, and/CC 
[ Ashurst/NNP Morris/NNP Crisp/NNP ]
,/, 
[ a/DT midsized/JJ London/NNP firm/NN ]
of/IN 
[ solicitors/NNS ]
,/, are/VBP scheduled/VBN 
[ today/NN ]
to/TO announce/VB 
[ plans/NNS ]
to/TO open/VB 
[ a/DT joint/JJ office/NN ]
in/IN 
[ Tokyo/NNP ]
./. 

======================================

[ The/DT firms/NNS ]
will/MD be/VB registered/VBN under/IN 
[ Japanese/JJ law/NN ]
as/IN 
[ foreign/JJ legal/JJ consultants/NNS ]
and/CC 
[ their/PRP$ practice/NN ]
with/IN 
[ Japanese/JJ clients/NNS ]
will/MD be/VB limited/VBN to/TO advising/VBG 
[ them/PRP ]
on/IN 
[ matters/NNS ]
of/IN 
[ foreign/JJ law/NN ]
./. 

[ The/DT office/NN ]
may/MD also/RB be/VB able/JJ to/TO advise/VB 
[ foreign/JJ ]
and/CC 
[ multinational/JJ clients/NNS ]
on/IN 
[ international/JJ law/NN ]
and/CC 
[ general/JJ matters/NNS ]
./. 

======================================

[ The/DT office/NN ]
will/MD provide/VB ``/`` 
[ one-stop/JJ shopping/NN ]
''/'' for/IN 
[ Japanese/JJ financial/JJ institutions/NNS ]
and/CC 
[ other/JJ clients/NNS ]
seeking/VBG 
[ advice/NN ]
on/IN 
[ access/NN ]
to/TO 
[ the/DT world/NN capital/NN markets/NNS ]
,/, according/VBG to/TO 
[ A./NN Bruce/NNP Schimberg/NNP ]
,/, 
[ Sidley/NNP 's/POS senior/JJ banking/NN specialist/NN ]
,/, 
[ who/WP ]
will/MD move/VB to/TO 
[ Tokyo/NNP ]
from/IN 
[ Chicago/NNP ]
to/TO open/VB 
[ the/DT office/NN ]
next/JJ 
[ year/NN ]
./. 

======================================

[ The/DT Sidley-Ashurst/NNP venture/NN ]
will/MD also/RB be/VB staffed/VBN by/IN 
[ another/DT Sidley/NNP partner/NN ]
specializing/VBG in/IN 
[ corporate/JJ law/NN ]
,/, 
[ a/DT partner/NN ]
from/IN 
[ Ashurst/NNP ]
concentrating/VBG on/IN 
[ acquisitions/NNS ]
and/CC 
[ a/DT Japanese/JJ attorney/NN ]
./. 

[ The/DT office/NN ]
will/MD tap/VB 
[ the/DT resources/NNS ]
of/IN 
[ Sidley/NNP 's/POS 700/CD lawyers/NNS ]
in/IN 
[ the/DT U.S./NNP ]
,/, 
[ London/NNP ]
and/CC 
[ Singapore/NNP ]
as/RB well/RB as/IN 
[ the/DT 400/CD Ashurst/NNP staff/NN members/NNS ]
in/IN 
[ London/NNP ]
and/CC 
[ Brussels/NNP ]
./. 

======================================

[ Ashurst/NNP ]
is/VBZ new/JJ to/TO 
[ the/DT Far/NNP East/NNP ]
./. 

[ Sidley/NNP ]
will/MD maintain/VB 
[ its/PRP$ association/NN ]
with/IN 
[ the/DT Hashidate/NNP Law/NNP Office/NNP ]
in/IN 
[ Tokyo/NNP ]
./. 

======================================

[ THE/DT UNITED/NNP AUTO/NNP WORKERS/NNPS ]
said/VBD 
[ it/PRP ]
will/MD seek/VB 
[ a/DT rehearing/NN ]
of/IN 
[ a/DT U.S./NNP appellate/JJ court/NN ruling/NN ]
against/IN 
[ the/DT union/NN 's/POS claim/NN ]
that/IN 
[ the/DT state/NN ]
of/IN 
[ Michigan/NNP engages/VBZ ]
in/IN 
[ wage-discrimination/NN ]
against/IN 
[ female/JJ employees/NNS ]
./. 

[ A/DT three-judge/JJ panel/NN ]
of/IN 
[ the/DT court/NN ]
in/IN 
[ Cincinnati/NNP ]
made/VBD 
[ the/DT ruling/NN Saturday/NNP ]
./. 

[ The/DT UAW/NNP ]
is/VBZ seeking/VBG 
[ a/DT hearing/NN ]
by/IN 
[ the/DT full/JJ 14-judge/JJ panel/NN ]
./. 

[ The/DT union/NN ]
sued/VBD 
[ the/DT state/NN ]
in/IN 
[ November/NNP 1985/CD ]
,/, alleging/VBG that/IN 
[ it/PRP ]
intentionally/RB segregated/VBD 
[ job/NN classifications/NNS ]
by/IN 
[ sex/NN ]
and/CC paid/VBD 
[ employees/NNS ]
in/IN predominantly/RB 
[ female/JJ jobs/NNS ]
less/JJR than/IN 
[ males/NNS ]
in/IN 
[ comparable/JJ jobs/NNS ]
./. 

[ The/DT UAW/NNP ]
also/RB charged/VBD that/IN 
[ the/DT state/NN ]
applied/VBD 
[ its/PRP$ own/JJ standards/NNS ]
for/IN 
[ determining/VBG pay/NN ]
in/IN 
[ a/DT discriminatory/JJ manner/NN ]
./. 

In/IN 
[ November/NNP 1987/CD ]
,/, 
[ a/DT district/NN court/NN judge/NN ]
in/IN 
[ Detroit/NNP ]
ruled/VBD against/IN 
[ the/DT UAW/NNP ]
./. 

[ The/DT union/NN ]
is/VBZ 
[ the/DT bargaining/NN representative/NN ]
for/IN more/JJR than/IN 
[ 20,000/CD Michigan/NNP state/NN employees/NNS ]
./. 

======================================

[ NEW/NNP JERSEY/NNP MERGER/NN ]
:/: 
[ One/CD ]
of/IN 
[ the/DT largest/JJS law/NN firms/NNS ]
in/IN 
[ central/JJ New/NNP Jersey/NNP ]
has/VBZ been/VBN created/VBN through/IN 
[ the/DT merger/NN ]
of/IN 
[ Norris/NNP ]
,/, 
[ McLaughlin/NNP ]
&/CC 
[ Marcus/NNP ]
,/, 
[ a/DT 41-lawyer/JJ firm/NN ]
,/, and/CC 
[ Manger/NNP ]
,/, 
[ Kalison/NNP ]
,/, 
[ McBride/NNP ]
&/CC 
[ Webb/NNP ]
,/, 
[ a/DT health-care/NN specialty/NN law/NN firm/NN ]
with/IN 
[ 14/CD lawyers/NNS ]
./. 

[ Norris/NNP McLaughlin/NNP ]
is/VBZ 
[ a/DT general-practice/JJ firm/NN ]

[ that/WDT ]
has/VBZ expanded/VBN recently/RB into/IN 
[ such/JJ specialties/NNS ]
as/IN banking/NN ,/, 
[ labor/NN ]
and/CC 
[ environmental/JJ work/NN ]
./. 

[ The/DT merged/VBN firm/NN ]
will/MD carry/VB 
[ Norris/NNP McLaughlin/NNP 's/POS name/NN ]
./. 

======================================

[ DRUG/NN WARS/NNS ]
:/: 
[ A/DT Texas/NNP legislator/NN ]
proposes/VBZ 
[ color-coding/VBG drivers/NNS '/POS licenses/NNS ]
of/IN 
[ some/DT drug/NN offenders/NNS ]
./. 

[ The/DT bill/NN ]
would/MD authorize/VB 
[ courts/NNS ]
to/TO order/VB 
[ the/DT licenses/NNS ]
as/IN 
[ a/DT condition/NN ]
of/IN 
[ probation/NN ]
./. 

[ State/NNP Senator/NNP J.E./NNP ]
``/`` 
[ Buster/NNP ]
''/'' 
[ Brown/NNP ]
,/, 
[ a/DT Republican/NNP ]

[ who/WP ]
is/VBZ running/VBG for/IN 
[ Texas/NNP attorney/NN general/NN ]
,/, introduced/VBD 
[ the/DT bill/NN ]
./. 

[ He/PRP ]
said/VBD 
[ an/DT altered/JJ license/NN ]
would/MD be/VB 
[ an/DT ]
``/`` 
[ embarrassment/NN ]
''/'' to/TO 
[ teenagers/NNS ]
and/CC 
[ young/JJ adults/NNS ]
and/CC would/MD act/VB as/IN 
[ a/DT deterrant/JJ ]
to/TO drug/NN 
[ use/NN ]
./. 

[ Richard/NNP Avena/NNP ]
,/, 
[ executive/NN director/NN ]
of/IN 
[ the/DT Texas/NNP Civil/NNP Liberties/NNPS Union/NNP ]
,/, called/VBD 
[ the/DT proposal/NN ]
``/`` 
[ political/JJ gimmickry/NN ]
,/, ''/'' and/CC said/VBD 
[ it/PRP ]
fails/VBZ to/TO recognize/VB 
[ the/DT drug/NN problem/NN ]
as/IN 
[ a/DT health/NN issue/NN ]
./. 



[ The/DT amendment/NN ]
,/, offered/VBN by/IN 
[ Rep./NNP Douglas/NNP Bosco/NNP ]
 (/( 
[ D./NNP ]
,/, 
[ Calif./NNP ]
 )/) ,/, was/VBD approved/VBN 
[ 283-132/JJ ]
during/IN 
[ debate/NN ]
on/IN 
[ a/DT bill/NN ]
designed/VBN to/TO strengthen/VB 
[ the/DT Transportation/NNP Department/NNP 's/POS authority/NN ]
in/IN dealing/VBG with/IN 
[ leveraged/JJ buy-outs/NNS ]
of/IN 
[ airlines/NNS ]
./. 

======================================

[ The/DT bill/NN ]
would/MD require/VB 
[ the/DT agency/NN ]
to/TO block/VB 
[ the/DT acquisition/NN ]
of/IN 
[ 15/CD %/NN ]
or/CC 
[ more/JJR ]
of/IN 
[ an/DT airline/NN 's/POS stock/NN ]
if/IN 
[ the/DT purchase/NN ]
threatened/VBD 
[ safety/NN ]
,/, reduced/VBD 
[ the/DT carrier/NN 's/POS ability/NN ]
to/TO compete/VB ,/, or/CC put/VBD 
[ the/DT airline/NN ]
under/IN 
[ foreign/JJ control/NN ]
./. 

[ Debate/NN ]
on/IN 
[ the/DT legislation/NN ]
,/, 
[ which/WDT ]
faces/VBZ 
[ a/DT veto/NN threat/NN ]
from/IN 
[ President/NNP Bush/NNP ]
,/, is/VBZ to/TO continue/VB 
[ today/NN ]
./. 

======================================

[ The/DT amendment/NN ]
would/MD require/VB 
[ the/DT department/NN ]
to/TO block/VB 
[ the/DT purchase/NN ]
of/IN 
[ a/DT major/JJ airline/NN ]
by/IN 
[ anyone/NN ]

[ who/WP ]
has/VBZ run/VBN 
[ two/CD ]
or/CC 
[ more/JJR carriers/NNS ]

[ that/WDT ]
have/VBP filed/VBN for/IN 
[ protection/NN ]
from/IN 
[ creditors/NNS ]
under/IN 
[ Chapter/NN 11/CD ]
of/IN 
[ the/DT Bankruptcy/NNP Code/NNP ]
./. 

======================================

In/IN 
[ 1983/CD ]
,/, 
[ Texas/NNP Air/NNP 's/POS Continental/NNP Airlines/NNPS ]
filed/VBD for/IN 
[ bankruptcy/NN ]
./. 

Earlier/RBR 
[ this/DT year/NN ]
,/, 
[ Texas/NNP Air/NNP 's/POS Eastern/NNP Airlines/NNPS ]
filed/VBD for/IN 
[ bankruptcy/NN ]
./. 

======================================

``/`` 
[ This/DT ]
ought/MD to/TO be/VB subtitled/VBN 
[ the/DT ]
`/`` Do/VBP n't/RB let/VB 
[ Frank/NNP Lorenzo/NNP ]
take/VB over/IN 
[ another/DT airline/NN ]
'/'' 
[ amendment/NN ]
,/, ''/'' said/VBD 
[ Rep./NNP James/NNP Oberstar/NNP ]
 (/( 
[ D./NNP ]
,/, 
[ Minn./NNP ]
 )/) ,/, 
[ chairman/NN ]
of/IN 
[ the/DT House/NNP aviation/NN subcommittee/NN ]
,/, 
[ who/WP ]
argued/VBD that/IN 
[ the/DT provision/NN ]
was/VBD unnecessary/JJ because/IN 
[ the/DT bill/NN ]
already/RB would/MD give/VB 
[ the/DT department/NN ample/JJ power/NN ]
to/TO block/VB 
[ undesirable/JJ deals/NNS ]
./. 



======================================

For/IN 
[ years/NNS ]
,/, 
[ a/DT strict/JJ regimen/NN ]
governed/VBD 
[ the/DT staff/NN meetings/NNS ]
at/IN 
[ Nissan/NNP Motor/NNP Co./NNP 's/POS technical/JJ center/NN ]
in/IN 
[ Tokyo/NNP 's/POS western/JJ suburbs/NNS ]
./. 

======================================

[ Employees/NNS ]
wore/VBD 
[ identification/NN badges/NNS ]
listing/VBG not/RB only/RB 
[ their/PRP$ names/NNS ]
but/CC also/RB 
[ their/PRP$ dates/NNS ]
of/IN 
[ hire/NN ]
./. 

[ No/DT one/NN ]
could/MD voice/VB 
[ an/DT opinion/NN ]
until/IN 
[ everybody/NN ]
with/IN 
[ more/JJR seniority/NN ]
had/VBD spoken/VBN first/RB ,/, 
[ so/RB younger/JJR employees/NNS ]
--/: often/RB 
[ the/DT most/RBS enthusiastic/JJ ]
and/CC 
[ innovative/JJ ]
--/: seldom/RB spoke/VBD up/RB at/IN 
[ all/DT ]
./. 

======================================

But/CC in/IN 
[ 1986/CD ]
,/, 
[ the/DT badges/NNS ]
and/CC 
[ the/DT ]
``/`` do/VBP n't/RB speak/VB out/IN of/IN 
[ turn/NN ]
''/'' 
[ rule/NN ]
were/VBD abolished/VBN --/: 
[ early/JJ steps/NNS ]
in/IN 
[ a/DT cultural/JJ revolution/NN ]
still/RB rolling/VBG on/RB with/IN 
[ all/PDT the/DT subtlety/NN ]
of/IN 
[ a/DT freight/NN train/NN ]
./. 

In/IN 
[ recent/JJ years/NNS ]
,/, 
[ Nissan/NNP ]
has/VBZ instituted/VBN 
[ flex-time/JJ work/NN schedules/NNS ]
and/CC allowed/VBN 
[ employees/NNS ]
to/TO dress/VB casually/RB ,/, even/RB in/IN 
[ blue/JJ jeans/NNS ]
./. 

[ A/DT rule/NN ]
forbidding/VBG 
[ staffers/NNS ]
to/TO 
[ own/JJ competitors/NNS '/POS cars/NNS ]
has/VBZ been/VBN lifted/VBN ,/, and/CC now/RB 
[ many/JJ designers/NNS ]
drive/VBP 
[ foreign/JJ cars/NNS ]
to/TO get/VB 
[ useful/JJ ideas/NNS ]
./. 

[ Nissan/NNP 's/POS decades-old/JJ corporate/JJ song/NN ]
filled/VBN with/IN 
[ references/NNS ]
to/TO 
[ Mount/NNP Fuji/NNP ]
has/VBZ been/VBN scrapped/VBN in/IN 
[ favor/NN ]
of/IN 
[ a/DT snappy/JJ tune/NN ]
sung/VBN by/IN 
[ a/DT popular/JJ Japanese/JJ vocalist/NN ]
./. 

======================================

And/CC in/IN 
[ a/DT Japanese/JJ corporate/JJ first/JJ ]
,/, 
[ Nissan/NNP ]
recently/RB opened/VBD 
[ the/DT first/JJ coed/NN company/NN dormitory/NN ]
for/IN 
[ single/JJ employees/NNS ]
at/IN 
[ the/DT suburban/JJ Tokyo/NNP technical/JJ center/NN ]
./. 

``/`` 
[ We/PRP ]
had/VBD 
[ lots/NNS ]
of/IN 
[ internal/JJ debate/NN ]
about/IN 
[ this/DT ]

[ one/NN ]
,/, ''/'' concedes/VBZ 
[ Tadahiko/NNP Fukuyama/NNP ]
,/, 
[ a/DT senior/JJ public-relations/NNS ]
official/NN ./. 

``/`` But/CC in/IN 
[ the/DT end/NN ]
,/, 
[ top/JJ management/NN ]
decided/VBD to/TO follow/VB 
[ the/DT voice/NN ]
of/IN 
[ the/DT younger/JJR generation/NN ]
./. 

''/'' 
======================================

[ This/DT corporate/JJ glasnost/FW ]
is/VBZ 
[ a/DT big/JJ reason/NN Nissan/NNP ]
,/, after/IN 
[ years/NNS ]
of/IN 
[ making/VBG lackluster/JJ cars/NNS ]
and/CC 
[ lousy/JJ profits/NNS ]
,/, has/VBZ loosened/VBN up/RP 
[ its/PRP$ rigid/JJ ways/NNS ]
and/CC now/RB is/VBZ riding/VBG 
[ a/DT string/NN ]
of/IN 
[ hits/NNS ]
,/, ranging/VBG from/IN 
[ the/DT sleek/JJ Maxima/NNP sedan/NN ]
and/CC 
[ Porsche-like/JJ 300ZX/NNP ]
to/TO 
[ the/DT ]
whimsically/RB 
[ nostalgic/JJ Pao/NNP ]
,/, 
[ a/DT minicar/NN ]
sold/VBN only/RB in/IN 
[ Japan/NNP ]
./. 

[ The/DT company/NN 's/POS turnaround/NN ]
is/VBZ far/RB from/IN 
[ complete/JJ ]
;/: 
[ many/JJ crucial/JJ tests/NNS ]
are/VBP just/RB beginning/VBG ./. 

But/CC 
[ its/PRP$ surprising/JJ progress/NN ]
so/RB far/RB holds/VBZ 
[ important/JJ lessons/NNS ]
for/IN 
[ companies/NNS ]
in/IN 
[ trouble/NN ]
./. 

======================================

[ The/DT big/JJ one/NN ]
:/: 
[ A/DT company/NN 's/POS culture/NN ]
ca/MD n't/RB be/VB radically/RB changed/VBN unless/IN 
[ top/JJ management/NN ]
first/RB admits/VBZ that/IN 
[ things/NNS ]
have/VBP gone/VBN badly/RB awry/RB and/CC then/RB publicly/RB leads/VBZ 
[ the/DT charge/NN ]
./. 

[ Atsushi/NNP Muramatsu/NNP ]
,/, 
[ Nissan/NNP 's/POS executive/NN vice/NN president/NN ]
for/IN 
[ finance/NN ]
,/, helped/VBD set/VB 
[ the/DT tone/NN ]
in/IN 
[ December/NNP 1986/CD ]
,/, when/WRB 
[ the/DT company/NN ]
was/VBD heading/VBG toward/IN 
[ the/DT first/JJ operating/NN loss/NN ]
by/IN 
[ a/DT Japanese/JJ auto/NN maker/NN ]
since/IN 
[ the/DT nation/NN 's/POS postwar/JJ recovery/NN ]
./. 

``/`` 
[ This/DT ]
is/VBZ 
[ a/DT time/NN ]
of/IN 
[ self-criticism/NN ]
to/TO discover/VB 
[ what/WP ]
is/VBZ wrong/JJ with/IN 
[ us/PRP ]
,/, ''/'' 
[ he/PRP ]
said/VBD ./. 

[ Yutaka/NNP Kume/NNP ]
,/, 
[ who/WP ]
took/VBD 
[ the/DT helm/NN ]
as/IN 
[ Nissan/NNP 's/POS president/NN ]
in/IN 
[ June/NNP 1985/CD ]
,/, added/VBD simply/RB ,/, ``/`` 
[ I/PRP ]
am/VBP deeply/RB disappointed/JJ ./. 

''/'' 
======================================

[ No/DT wonder/NN ]
./. 

[ Nissan/NNP ]
,/, 
[ Japan/NNP 's/POS second-largest/JJ auto/NN maker/NN ]
and/CC 
[ the/DT world/NN 's/POS fourth-largest/JJ ]
,/, was/VBD getting/VBG 
[ beat/NN ]
up/RB not/RB only/RB by/IN 
[ its/PRP$ bigger/JJR rival/NN ]
,/, 
[ Toyota/NNP Motor/NNP Corp./NNP ]
,/, but/CC also/RB by/IN 
[ Honda/NNP Motor/NNP Co./NNP ]
,/, 
[ the/DT most/RBS successful/JJ Japanese/JJ car/NN company/NN ]
in/IN 
[ the/DT U.S./NNP ]
but/CC 
[ a/DT relative/JJ pipsqueak/NN ]
in/IN 
[ Japan/NNP ]
./. 

======================================

[ Nissan/NNP 's/POS market/NN share/NN ]
in/IN 
[ Japan/NNP ]
had/VBD been/VBN dropping/VBG 
[ year/NN ]
by/IN 
[ year/NN ]
since/IN 
[ the/DT beginning/NN ]
of/IN 
[ the/DT decade/NN ]
./. 

[ Its/PRP$ U.S./NNP sales/NNS ]
sagged/VBD ,/, partly/RB because/IN of/IN 
[ price/NN increases/NNS ]
due/JJ to/TO 
[ the/DT rising/VBG yen/NNS ]
./. 

[ Worst/RBS ]
of/IN 
[ all/DT ]
,/, 
[ Nissan/NNP ]
was/VBD preoccupied/VBN with/IN 
[ management/NN infighting/NN ]
,/, 
[ cronyism/NN ]
and/CC 
[ corporate/JJ rigidity/NN ]
./. 

======================================

Consider/VB 
[ the/DT experience/NN ]
of/IN 
[ Satoko/NNP Kitada/NNP ]
,/, 
[ a/DT 30-year-old/JJ designer/NN ]
of/IN 
[ vehicle/NN interiors/NNS ]

[ who/WP ]
joined/VBD 
[ Nissan/NNP ]
in/IN 
[ 1982/CD ]
./. 

At/IN 
[ that/DT time/NN ]
,/, 
[ tasks/NNS ]
were/VBD assigned/VBN strictly/RB on/IN 
[ the/DT basis/NN ]
of/IN 
[ seniority/NN ]
./. 

``/`` 
[ The/DT oldest/JJS designer/NN ]
got/VBD to/TO work/VB on/IN 
[ the/DT dashboard/NN ]
,/, ''/'' 
[ she/PRP ]
recalls/VBZ ./. 

``/`` 
[ The/DT next/JJ level/NN ]
down/RB did/VBD 
[ doors/NNS ]
./. 

If/IN 
[ a/DT new/JJ person/NN ]
got/VBD to/TO work/VB on/IN 
[ part/NN ]
of/IN 
[ the/DT speedometer/NN ]
,/, 
[ that/WDT ]
was/VBD 
[ a/DT big/JJ deal/NN ]
./. 

''/'' 
======================================

[ This/DT system/NN ]
produced/VBD 
[ boring/JJ ]
,/, 
[ boxy/JJ cars/NNS ]
that/IN 
[ consumers/NNS ]
just/RB were/VBD n't/RB buying/VBG ./. 

Desperately/RB hoping/VBG to/TO spark/VB 
[ sales/NNS ]
,/, 
[ Nissan/NNP ]
transferred/VBD 
[ 5,000/CD middle/JJ managers/NNS ]
and/CC 
[ plant/NN workers/NNS ]
to/TO 
[ dealerships/NNS ]
./. 

Meanwhile/RB ,/, 
[ President/NNP Kume/NNP ]
ordered/VBD 
[ everyone/NN ]
from/IN 
[ top/JJ executives/NNS ]
to/TO 
[ rookie/NN designers/NNS ]
to/TO go/VB ``/`` 
[ town/NN ]
watching/NN ,/, ''/'' to/TO visit/VB 
[ chic/JJ parts/NNS ]
of/IN 
[ Tokyo/NNP ]
to/TO try/VB to/TO gain/VB 
[ insights/NNS ]
into/IN developing/VBG 
[ cars/NNS ]
for/IN 
[ trend-setters/NNS ]
./. 

======================================

[ Some/DT town-watching/JJ excursions/NNS ]
were/VBD downright/RB comic/JJ ./. 

[ One/CD group/NN ]
of/IN 
[ middle-aged/JJ manufacturing/VBG men/NNS ]
from/IN 
[ the/DT company/NN 's/POS Zama/NNP plant/NN ]
outside/IN 
[ Tokyo/NNP ]
was/VBD supposed/VBN to/TO check/VB out/RP 
[ a/DT trendy/JJ restaurant/NN ]
in/IN 
[ the/DT city/NN ]
./. 

But/CC when/WRB 
[ they/PRP ]
arrived/VBD at/IN 
[ the/DT door/NN ]
,/, 
[ all/DT ]
were/VBD afraid/JJ to/TO go/VB in/RB ,/, fearing/VBG that/IN 
[ they/PRP ]
would/MD be/VB out/IN of/IN 
[ place/NN ]
./. 

======================================

[ Other/JJ trips/NNS ]
were/VBD more/RBR productive/JJ ./. 

[ Mr./NNP Kume/NNP ]
himself/PRP visited/VBD 
[ Honda/NNP 's/POS headquarters/NN ]
in/IN 
[ Tokyo/NNP 's/POS upscale/JJ Aoyama/NNP district/NN ]
./. 

[ He/PRP ]
liked/VBD 
[ the/DT well-lighted/JJ lobby/NN display/NN ]
of/IN 
[ Honda/NNP 's/POS cars/NNS ]
and/CC 
[ trucks/NNS ]
so/RB much/RB that/IN 
[ he/PRP ]
had/VBD 
[ Nissan/NNP 's/POS gloomy/JJ lobby/NN exhibit/NN ]
refurbished/VBN ./. 

Later/RB ,/, 
[ Nissan/NNP ]
borrowed/VBD 
[ other/JJ Honda/NNP practices/NNS ]
,/, including/VBG 
[ an/DT engineering/NN ]
``/`` 
[ idea/NN contest/NN ]
''/'' to/TO promote/VB 
[ inventiveness/NN ]
./. 

[ One/CD engineer/NN ]
developed/VBD 
[ a/DT ]
``/`` 
[ crab/NN car/NN ]
''/'' 
[ that/WDT ]
moves/VBZ sideways/RB ./. 

======================================

[ Such/JJ sudden/JJ cultural/JJ shifts/NNS ]
may/MD come/VB across/IN as/IN 
[ a/DT bit/RB ]
forced/JJ ,/, but/CC 
[ they/PRP ]
seem/VBP to/TO be/VB genuine/JJ --/: so/RB much/RB so/IN ,/, in/IN 
[ fact/NN ]
,/, that/IN 
[ some/DT older/JJR employees/NNS ]
have/VBP resisted/VBN ./. 

[ Nissan/NNP ]
handled/VBD 
[ the/DT die-hards/NNS ]
in/IN 
[ a/DT ]
typically/RB 
[ Japanese/JJ fashion/NN ]
:/: 
[ They/PRP ]
were/VBD n't/RB fired/VBN but/CC instead/RB ``/`` were/VBD neglected/VBN ,/, ''/'' says/VBZ 
[ Kouji/NNP Hori/NNP ]
,/, 
[ the/DT personnel/JJ manager/NN ]
at/IN 
[ the/DT Nissan/NNP Technical/NNP Center/NNP ]
./. 

======================================

Despite/IN 
[ the/DT pain/NN ]
of/IN adjusting/NN ,/, 
[ the/DT cultural/JJ revolution/NN ]
has/VBZ begun/VBN to/TO yield/VB 
[ exciting/JJ cars/NNS ]
./. 

[ A/DT year/NN ]
ago/RB ,/, 
[ the/DT company/NN ]
completely/RB revamped/VBD 
[ its/PRP$ near-luxury/JJ sedan/NN ]
,/, 
[ the/DT $/$ 17,699/CD Maxima/NNP ]
,/, 
[ which/WDT ]
competes/VBZ against/IN 
[ a/DT broad/JJ range/NN ]
of/IN 
[ upscale/NN sedans/NNS ]
;/: 
[ it/PRP ]
replaced/VBD 
[ its/PRP$ boxy/JJ ]
,/, 
[ pug-nosed/JJ body/NN ]
with/IN 
[ sleek/JJ ]
,/, 
[ aerodynamic/JJ lines/NNS ]
./. 

Since/IN then/RB ,/, 
[ Nissan/NN ]
also/RB has/VBZ launched/VBN 
[ new/JJ versions/NNS ]
of/IN 
[ the/DT $/$ 13,249/CD 240SX/NNP sporty/JJ coupe/NN ]
and/CC 
[ 300ZX/NNP sports/NNS car/NN ]
./. 

[ The/DT restyled/JJ 300ZX/NNP costs/VBZ ]
as/RB much/JJ as/IN 
[ $/$ 33,000/CD ]
and/CC is/VBZ squared/VBN off/RB against/IN 
[ the/DT Porche/NNP 944/CD ]
,/, 
[ which/WDT ]
begins/VBZ at/IN 
[ $/$ 41,900/CD ]
./. 

Besides/IN 
[ new/JJ styling/NN ]
,/, 
[ the/DT new/JJ Nissans/NNPS ]
have/VBP 
[ more/RBR powerful/JJ engines/NNS ]
and/CC 
[ more/RBR sophisticated/JJ suspension/NN systems/NNS ]
./. 

[ All/DT three/CD new/JJ models/NNS ]
are/VBP outselling/VBG 
[ their/PRP$ predecessors/NNS ]
by/IN 
[ wide/JJ margins/NNS ]
./. 

======================================

In/IN 
[ its/PRP$ home/NN market/NN ]
,/, 
[ Nissan/NNP ]
has/VBZ grabbed/VBN 
[ attention/NN ]
with/IN 
[ limited-production/JJ minicars/NNS ]
featuring/VBG styling/VBG 
[ odd/JJ ]
enough/RB to/TO be/VB cute/JJ ./. 

[ One/CD ]
is/VBZ 
[ the/DT Pao/NNP ]
,/, 
[ a/DT tiny/JJ coupe/NN ]
with/IN 
[ a/DT peelback/JJ canvas/NN top/NN ]
and/CC tilted/JJ 
[ headlights/NNS ]

[ that/WDT ]
give/VBP 
[ it/PRP ]

[ a/DT droopy-eyed/JJ look/NN ]
./. 

[ Nissan/NNP ]
initially/RB planned/VBD to/TO sell/VB just/RB 
[ 10,000/CD Paos/NNPS ]
,/, but/CC 
[ sales/NNS ]
have/VBP passed/VBN 
[ 50,000/CD ]
,/, and/CC 
[ there/EX ]
's/VBZ 
[ a/DT one-year/JJ waiting/NN list/NN ]
for/IN 
[ the/DT car/NN ]
./. 

Then/RB ,/, 
[ there/EX ]
's/VBZ 
[ the/DT S-Cargo/NNP ]
,/, 
[ an/DT offbeat/JJ delivery/NN van/NN ]
with/IN 
[ a/DT snail-like/JJ body/NN ]

[ that/WDT ]
inspired/VBD 
[ its/PRP$ name/NN ]
./. 

[ Nissan/NNP ]
helped/VBD develop/VB 
[ a/DT Tokyo/NNP restaurant/NN ]
with/IN 
[ both/DT ]

[ vehicles/NNS ]
as/IN 
[ its/PRP$ design/NN theme/NN ]
./. 

[ The/DT chairs/NNS ]
are/VBP 
[ S-Cargo/NNP seats/NNS ]
,/, and/CC 
[ a/DT gift/NN shop/NN ]
sells/VBZ 
[ such/JJ items/NNS ]
as/IN 
[ alarm/NN clocks/NNS ]
styled/VBN like/IN 
[ the/DT Pao/NNP 's/POS oversized/JJ speedometer/NN ]
./. 

======================================

[ All/PDT these/DT vehicles/NNS ]
have/VBP sharply/RB improved/VBN 
[ Nissan/NNP 's/POS morale/NN ]
and/CC 
[ image/NN ]
--/: but/CC have/VBP n't/RB done/VBN much/RB for/IN 
[ its/PRP$ market/NN share/NN ]
./. 

[ Nissan/NNP ]
had/VBD 
[ 29/CD %/NN ]
of/IN 
[ the/DT Japanese/JJ car/NN market/NN ]
in/IN 
[ 1980/CD ]
before/IN beginning/VBG 
[ a/DT depressing/JJ eight-year/JJ slide/NN ]

[ that/WDT ]
continued/VBD through/IN 
[ last/JJ year/NN ]
./. 

[ Strong/JJ sales/NNS ]
so/RB far/RB 
[ this/DT year/NN ]
are/VBP certain/JJ to/TO turn/VB 
[ the/DT tide/NN ]
,/, but/CC even/RB 
[ the/DT 25/CD %/NN market/NN share/NN ]
that/IN 
[ Nissan/NNP ]
expects/VBZ in/IN 
[ 1989/CD ]
will/MD leave/VB 
[ it/PRP ]
far/RB below/IN 
[ its/PRP$ position/NN ]
at/IN 
[ the/DT beginning/NN ]
of/IN 
[ the/DT decade/NN ]
./. 

======================================

[ Nissan/NNP ]
concedes/VBZ that/IN 
[ it/PRP ]
wo/MD n't/RB recoup/VB 
[ all/DT its/PRP$ market-share/NN losses/NNS ]
in/IN 
[ Japan/NNP ]
until/IN at/IN 
[ least/JJS 1995/CD ]
,/, and/CC even/RB 
[ that/DT timetable/NN ]
might/MD prove/VB 
[ optimistic/JJ ]
./. 

``/`` 
[ Everyone/NN ]
else/JJ is/VBZ going/VBG to/TO catch/VB up/RB ''/'' with/IN 
[ Nissan/NNP 's/POS innovative/JJ designs/NNS ]
,/, says/VBZ 
[ A./NN Rama/NNP Krishna/NNP ]
,/, 
[ auto/NN analyst/NN ]
at/IN 
[ First/JJ Boston/NNP ]
 (/( 
[ Japan/NNP ]
 )/) 
[ Ltd/NNP ]
./. 

[ Nissan/NNP 's/POS pace/NN ]
of/IN 
[ new-model/JJ hits/NNS ]
will/MD slow/VB ,/, 
[ he/PRP ]
adds/VBZ ,/, just/RB as/IN 
[ arch-rival/JJ Toyota/NNP ]
unleashes/VBZ 
[ its/PRP$ own/JJ batch/NN ]
of/IN 
[ new/JJ cars/NNS ]
./. 

======================================

Likewise/RB ,/, in/IN 
[ the/DT U.S./NNP ]
,/, 
[ Nissan/NNP ]
has/VBZ grabbed/VBN 
[ 5.2/CD %/NN ]
of/IN 
[ the/DT car/NN market/NN ]
so/RB far/RB 
[ this/DT year/NN ]
,/, up/RB from/IN 
[ 4.5/CD %/NN ]

[ a/DT year/NN ]
ago/RB ./. 

But/CC even/RB 
[ that/WDT ]
brings/VBZ 
[ Nissan/NNP ]
only/RB to/TO 
[ the/DT share/NN ]

[ it/PRP ]
had/VBD in/IN 
[ 1987/CD ]
,/, and/CC leaves/VBZ 
[ the/DT company/NN ]
behind/IN 
[ its/PRP$ high/NN ]
of/IN 
[ 5.5/CD %/NN ]
in/IN 
[ 1980/CD ]
and/CC 
[ 1982/CD ]
./. 

======================================

Why/WRB ?/. 

So/RB far/RB ,/, 
[ Nissan/NNP 's/POS new-model/NN successes/NNS ]
are/VBP mostly/RB specialized/JJ 
[ vehicles/NNS ]
with/IN 
[ limited/JJ sales/NNS ]
potential/NN ./. 

In/IN 
[ compact/NN ]
and/CC 
[ subcompact/NN cars/NNS ]
,/, 
[ the/DT bread-and-butter/JJ sales/NNS generators/NNS ]
for/IN 
[ Japanese/JJ auto/NN makers/NNS ]
,/, 
[ Nissan/NNP ]
still/RB trails/VBZ 
[ Toyota/NNP ]
and/CC 
[ Honda/NNP ]
./. 

======================================

[ Nissan/NNP ]
hopes/VBZ that/IN 
[ that/DT ]
will/MD start/VB to/TO change/VB 
[ this/DT fall/NN ]
,/, with/IN 
[ its/PRP$ new/JJ version/NN ]
of/IN 
[ the/DT Stanza/NNP compact/JJ sedan/NN ]
./. 

[ The/DT Stanza/NNP ]
has/VBZ been/VBN 
[ a/DT nonentity/NN ]
compared/VBN with/IN 
[ Honda/NNP 's/POS ]
hugely/RB 
[ successful/JJ Accord/NNP ]
and/CC 
[ Toyota/NNP 's/POS Camry/NNP ]
./. 

But/CC 
[ this/DT year/NN ]
,/, 
[ Honda/NNP ]
has/VBZ revamped/VBN 
[ the/DT Accord/NNP ]
and/CC made/VBD 
[ it/PRP ]

[ a/DT midsized/JJ car/NN ]
./. 

[ Nissan/NNP ]
instead/RB has/VBZ kept/VBN 
[ its/PRP$ new/JJ Stanza/NNP ]

[ a/DT bit/RB ]
smaller/JJR than/IN that/DT and/CC cut/VBN 
[ the/DT base/JJ price/NN 6/CD %/NN ]
;/: at/IN 
[ $/$ 11,450/CD ]
,/, 
[ Stanza/NNP prices/NNS ]
start/VBP 
[ $/$ 749/CD ]
below/IN 
[ the/DT predecessor/NN model/NN ]
yet/RB have/VBP 
[ a/DT more-powerful/JJR engine/NN ]
./. 

[ Accord/NNP prices/NNS ]
start/VBP at/IN 
[ $/$ 12,345/CD ]
./. 

======================================

[ Nissan/NNP 's/POS risk/NN ]
is/VBZ that/IN 
[ its/PRP$ low-base-price/JJ strategy/NN ]
might/MD get/VB lost/VBN amid/IN 
[ the/DT ]
highly/RB publicized/JJ 
[ rebates/NNS ]
being/VBG offered/VBN by/IN 
[ Detroit/NNP 's/POS Big/JJ Three/CD ]
./. 

But/CC ``/`` on/IN 
[ a/DT new/JJ car/NN ]
,/, 
[ a/DT rebate/NN ]
does/VBZ n't/RB work/VB well/RB ''/'' because/IN 
[ it/PRP ]
cheapens/VBZ 
[ the/DT vehicle/NN 's/POS image/NN ]
,/, contends/VBZ 
[ Thomas/NNP D./NNP Mignanelli/NNP ]
,/, 
[ executive/NN vice/NN president/NN ]
of/IN 
[ Nissan/NNP 's/POS U.S./NNP sales/NNS arm/NN ]
./. 

======================================

Even/RB if/IN 
[ the/DT new/JJ Stanza/NNP ]
succeeds/VBZ ,/, 
[ Nissan/NNP ]
will/MD remain/VB behind/RB in/IN 
[ the/DT subcompact/NN segment/NN ]
,/, where/WRB 
[ its/PRP$ Sentra/NNP ]
does/VBZ n't/RB measure/VB up/RB to/TO 
[ the/DT Honda/NNP Civic/NNP ]
and/CC 
[ Toyota/NNP Corolla/NNP ]
./. 

[ Nissan/NNP ]
will/MD introduce/VB 
[ a/DT ]
completely/RB revamped/VBN 
[ Sentra/NNP next/JJ fall/NN ]
./. 

======================================

At/IN 
[ the/DT opposite/JJ end/NN ]
of/IN 
[ the/DT market/NN ]
,/, 
[ Nissan/NNP ]
launches/VBZ 
[ its/PRP$ luxury/NN Infiniti/NNP division/NN ]
on/IN 
[ Nov./NNP 8/CD ]
--/: 
[ three/CD years/NNS ]
after/IN 
[ Honda/NN ]
pioneered/VBD 
[ Japanese/JJ luxury/NN cars/NNS ]
and/CC 
[ two/CD months/NNS ]
after/IN 
[ Toyota/NNP 's/POS Lexus/NNP ]
went/VBD on/IN 
[ sale/NN ]
./. 

[ Nissan/NNP ]
started/VBD advertising/VBG 
[ Infiniti/NNP ]
fully/RB 
[ eight/CD months/NNS ]
before/IN 
[ the/DT cars/NNS ]
hit/VBD 
[ American/JJ showrooms/NNS ]
./. 

[ The/DT ads/NNS ]
featured/VBD 
[ fences/NNS ]
,/, 
[ rocks/NNS ]
and/CC 
[ pussy-willow/NN buds/NNS ]
--/: almost/RB 
[ anything/NN ]
but/CC 
[ the/DT cars/NNS themselves/PRP ]
./. 

[ The/DT ads/NNS ]
have/VBP generated/VBN 
[ some/DT laughs/NNS ]
but/CC also/RB 
[ plenty/NN ]
of/IN 
[ attention/NN ]
because/IN 
[ they/PRP ]
are/VBP so/RB unlike/IN 
[ any/DT other/JJ U.S./NNP auto/NN advertising/NN ]
./. 

======================================

On/IN 
[ the/DT other/JJ hand/NN ]
,/, 
[ Nissan/NNP 's/POS sales/NNS goals/NNS ]
for/IN 
[ Infiniti/NNP ]
are/VBP 
[ modest/JJ ]
compared/VBN with/IN 
[ Toyota/NNP 's/POS targets/NNS ]
for/IN 
[ Lexus/NNP ]
./. 

[ Nissan/NNP ]
will/MD build/VB only/RB about/IN 
[ 3,500/CD ]
of/IN 
[ the/DT $/$ 38,000/CD Infiniti/NNP Q45/NNP sedans/NNS ]

[ each/DT month/NN ]
,/, sending/VBG about/IN 
[ 2,000/CD ]
of/IN 
[ them/PRP ]
to/TO 
[ the/DT U.S./NNP ]
and/CC keeping/VBG 
[ the/DT rest/NN ]
for/IN 
[ sale/NN ]
in/IN 
[ Japan/NNP ]
./. 

[ Toyota/NNP ]
wants/VBZ to/TO sell/VB about/IN 
[ 49,000/CD Lexus/NNP LS400/NN sedans/NNS next/JJ year/NN ]
in/IN 
[ the/DT U.S./NNP ]
alone/RB ./. 

======================================

``/`` When/WRB 
[ I/PRP ]
saw/VBD 
[ the/DT Lexus/NNP sales/NNS projections/NNS ]
,/, 
[ I/PRP ]
got/VBD worried/JJ ,/, ''/'' confesses/VBZ 
[ Takashi/NNP Oka/NNP ]
,/, 
[ who/WP ]
led/VBD 
[ the/DT Infiniti/NNP development/NN team/NN ]
./. 

But/CC on/IN 
[ reflection/NN ]
,/, 
[ Mr./NNP Oka/NNP ]
says/VBZ ,/, 
[ he/PRP ]
concluded/VBD that/IN 
[ Nissan/NNP ]
is/VBZ being/VBG 
[ prudent/JJ ]
in/IN following/VBG 
[ its/PRP$ slow-startup/JJ strategy/NN ]
instead/RB of/IN simply/RB copying/VBG 
[ Lexus/NNP ]
./. 

``/`` 
[ Infiniti/NNP ]
is/VBZ 
[ Nissan/NNP 's/POS big/JJ business/NN move/NN ]
for/IN 
[ the/DT 21st/JJ century/NN ]
,/, and/CC 
[ we/PRP ]
're/VBP in/IN 
[ no/DT hurry/NN ]
to/TO generate/VB 
[ large/JJ profits/NNS ]
right/RB away/RB ,/, ''/'' 
[ Mr./NNP Oka/NNP ]
says/VBZ ./. 

Despite/IN 
[ plans/NNS ]
to/TO add/VB 
[ two/CD new/JJ Infiniti/NNP models/NNS ]
next/IN 
[ year/NN ]
,/, bringing/VBG 
[ the/DT total/NN ]
to/TO 
[ four/CD ]
,/, 
[ Infiniti/NNP ]
wo/MD n't/RB show/VB 
[ profits/NNS ]
for/IN at/IN 
[ least/JJS five/CD years/NNS ]
,/, 
[ he/PRP ]
adds/VBZ ./. 

======================================

[ These/DT days/NNS Nissan/NNP ]
can/MD afford/VB 
[ that/DT strategy/NN ]
,/, even/RB though/IN 
[ profits/NNS ]
are/VBP n't/RB exactly/RB robust/JJ ./. 

[ Nissan/NNP ]
had/VBD 
[ record/NN net/JJ income/NN ]
of/IN 
[ 114.63/CD billion/CD yen/NNS ]
 (/( 
[ $/$ 868/CD million/CD ]
 )/) in/IN 
[ the/DT fiscal/JJ year/NN ]
ended/VBN 
[ last/JJ March/NNP 31/CD ]
,/, 
[ a/DT remarkable/JJ recovery/NN ]
from/IN 
[ the/DT 20.39/CD billion/CD yen/NNS ]
of/IN 
[ two/CD years/NNS ]
earlier/RB ,/, when/WRB 
[ the/DT company/NN ]
lost/VBD 
[ money/NN ]
on/IN 
[ operations/NNS ]
./. 

[ Nissan/NNP ]
has/VBZ increased/VBN 
[ earnings/NNS ]
more/RBR than/IN 
[ market/NN share/NN ]
by/IN cutting/VBG 
[ costs/NNS ]
and/CC by/IN 
[ taking/VBG advantage/NN ]
of/IN 
[ a/DT general/JJ surge/NN ]
in/IN 
[ Japanese/JJ car/NN sales/NNS ]
./. 

======================================

But/CC 
[ Nissan/NNP ]
expects/VBZ to/TO earn/VB only/RB 
[ 120/CD billion/CD yen/NNS ]
in/IN 
[ the/DT current/JJ fiscal/JJ year/NN ]
,/, 
[ a/DT modest/JJ increase/NN ]
of/IN 
[ 4.7/CD %/NN ]
./. 

[ The/DT big/JJ reason/NN ]
:/: For/IN 
[ all/DT its/PRP$ cost-cutting/NN ]
,/, 
[ Nissan/NNP ]
remains/VBZ less/RBR efficient/JJ than/IN 
[ Toyota/NNP ]
./. 

In/IN 
[ its/PRP$ last/JJ fiscal/JJ year/NN ]
,/, 
[ Nissan/NNP 's/POS profit/NN ]
represented/VBD just/RB 
[ 2.3/CD %/NN ]
of/IN 
[ sales/NNS ]
,/, compared/VBN with/IN 
[ 4.3/CD %/NN ]
at/IN 
[ Toyota/NNP ]
./. 

To/TO help/VB close/RB 
[ the/DT gap/NN ]
,/, 
[ Nissan/NNP ]
recently/RB established/VBD 
[ a/DT top-level/JJ cost-cutting/JJ committee/NN ]
./. 

======================================

[ Nissan/NNP ]
is/VBZ 
[ the/DT world/NN 's/POS only/JJ auto/NN maker/NN ]
currently/RB building/VBG 
[ vehicles/NNS ]
in/IN 
[ all/DT three/CD ]
of/IN 
[ the/DT world/NN 's/POS key/JJ economic/JJ arenas/NNS ]
--/: 
[ the/DT U.S./NNP ]
,/, 
[ Japan/NNP ]
and/CC 
[ Europe/NNP ]
./. 

[ That/DT ]
gives/VBZ 
[ it/PRP ]

[ an/DT enviable/JJ strategic/JJ advantage/NN ]
,/, at/IN 
[ least/JJS ]
until/IN 
[ its/PRP$ rivals/NNS ]
catch/VB up/RB ,/, but/CC also/RB plenty/NN of/IN 
[ managerial/JJ headaches/NNS ]
./. 

======================================

For/IN 
[ example/NN ]
,/, 
[ Nissan/NNP 's/POS U.S./NNP operations/NNS ]
include/VBP 
[ 10/CD separate/JJ subsidiaries/NNS ]
--/: for/IN manufacturing/NN ,/, 
[ sales/NNS ]
,/, 
[ design/NN ]
,/, 
[ research/NN ]
,/, 
[ etc./FW ]
--/: 
[ that/WDT ]
report/VBP separately/RB back/RB to/TO 
[ Japan/NNP ]
./. 

And/CC in/IN 
[ July/NNP ]
,/, 
[ Nissan/NNP 's/POS Tennessee/NNP manufacturing/NN plant/NN ]
beat/VBD back/RB 
[ a/DT United/NNP Auto/NNP Workers/NNPS organizing/VBG effort/NN ]
with/IN 
[ aggressive/JJ tactics/NNS ]

[ that/WDT ]
have/VBP left/VBN 
[ some/DT workers/NNS ]
bitter/JJ ./. 

======================================

``/`` 
[ We/PRP ]
are/VBP in/IN 
[ a/DT transitional/JJ phase/NN ]
from/IN being/VBG 
[ a/DT Japanese/JJ company/NN ]
to/TO becoming/VBG 
[ an/DT international/JJ company/NN ]
based/VBN in/IN 
[ Japan/NNP ]
,/, ''/'' says/VBZ 
[ Mr./NNP Muramatsu/NNP ]
,/, 
[ the/DT executive/NN vice/NN president/NN ]
./. 

[ He/PRP ]
promises/VBZ 
[ that/DT Nissan/NNP ]
will/MD soon/RB establish/VB 
[ a/DT holding/VBG company/NN ]
overseeing/VBG 
[ all/DT U.S./NNP operations/NNS ]
,/, just/RB as/IN 
[ it/PRP ]
's/VBZ doing/VBG in/IN 
[ Europe/NNP ]
./. 

======================================

Perhaps/RB 
[ the/DT biggest/JJS challenge/NN ]
,/, however/RB ,/, will/MD be/VB to/TO prevent/VB 
[ a/DT return/NN ]
to/TO 
[ its/PRP$ former/JJ corporate/JJ rigidity/NN ]
as/IN 
[ its/PRP$ recovery/NN ]
continues/VBZ ./. 

Already/RB ,/, 
[ personnel/NNS officials/NNS ]
are/VBP talking/VBG about/IN 
[ the/DT need/NN ]
for/IN 
[ a/DT ]
``/`` 
[ Phase/NN Two/CD ]
''/'' 
[ cultural-reform/NN effort/NN ]
of/IN 
[ some/DT sort/NN ]
./. 

``/`` 
[ We/PRP ]
are/VBP still/RB only/RB 
[ half/JJ way/NN ]
through/IN 
[ the/DT turnaround/NN ]
of/IN 
[ this/DT company/NN ]
,/, and/CC 
[ there/EX ]
are/VBP 
[ many/RB more/JJR things/NNS ]
to/TO do/VB ,/, ''/'' 
[ President/NNP Kume/NNP ]
says/VBZ ./. 

[ He/PRP ]
adds/VBZ ,/, however/RB ,/, that/IN ``/`` 
[ the/DT momentum/NN ]

[ we/PRP ]
have/VBP generated/VBN is/VBZ unstoppable/JJ ./. 

''/''
======================================



======================================

As/IN expected/VBN ,/, 
[ Warner/NNP Bros/NNPS ] 
./. 

[ Records/NNPS ]
said/VBD 
[ it/PRP ]
agreed/VBD to/TO form/VB 
[ a/DT recorded-music/JJ ]
and/CC 
[ music-publishing/JJ joint/JJ venture/NN ]
with/IN 
[ former/JJ MCA/NNP Records/NNPS Chairman/NNP Irving/NNP Azoff/NNP ]
./. 

======================================

[ Warner/NNP ]
said/VBD 
[ it/PRP ]
will/MD provide/VB financing/NN for/IN 
[ the/DT venture/NN ]
,/, but/CC did/VBD n't/RB disclose/VB 
[ terms/NNS ]
./. 

[ Mr./NNP Azoff/NNP has/VBZ n't/RB ]
named/VBD 
[ the/DT company/NN ]
yet/RB ,/, but/CC 
[ any/DT records/NNS ]

[ it/PRP ]
produces/VBZ will/MD be/VB distributed/VBN by/IN 
[ Warner/NNP ]
./. 

======================================

[ Warner/NNP ]
is/VBZ 
[ part/NN ]
of/IN 
[ Warner/NNP Communications/NNPS Inc./NNP ]
,/, 
[ which/WDT ]
is/VBZ in/IN 
[ the/DT process/NN ]
of/IN being/VBG acquired/VBN by/IN 
[ Time/NNP Warner/NNP Inc/NNP ]
./. 

[ Mr./NNP Azoff/NNP ]
resigned/VBD as/IN 
[ head/NN ]
of/IN 
[ MCA/NNP Records/NNPS ]
,/, 
[ a/DT unit/NN ]
of/IN 
[ MCA/NNP Inc./NNP ]
,/, in/IN 
[ September/NNP ]
,/, and/CC had/VBD been/VBN discussing/VBG 
[ a/DT joint/JJ venture/NN ]
with/IN 
[ both/DT Warner/NNP ]
and/CC 
[ MCA/NNP ]
./. 

In/IN 
[ a/DT statement/NN yesterday/NN ]
,/, 
[ Mr./NNP Azoff/NNP ]
said/VBD 
[ he/PRP ]
chose/VBD 
[ Warner/NNP ]
,/, 
[ the/DT largest/JJS record/NN company/NN ]
,/, because/IN ``/`` 
[ their/PRP$ standing/NN ]
in/IN 
[ the/DT entertainment/NN industry/NN ]
is/VBZ 
[ second/JJ ]
to/TO 
[ none/NN ]
./. 

''/''
======================================



======================================

[ President/NNP Bush/NNP ]
and/CC 
[ Soviet/JJ leader/NN Mikhail/NNP Gorbachev/NNP ]
will/MD hold/VB 
[ an/DT informal/JJ meeting/NN ]
in/IN 
[ early/JJ December/NNP ]
,/, 
[ a/DT move/NN ]

[ that/WDT ]
should/MD give/VB 
[ both/DT ]

[ leaders/NNS ]

[ a/DT political/JJ boost/NN ]
at/IN 
[ home/NN ]
./. 

======================================

[ The/DT White/NNP House/NNP ]
is/VBZ purposely/RB not/RB calling/VBG 
[ the/DT meeting/NN ]

[ a/DT summit/NN ]
so/IN that/IN 
[ there/EX ]
wo/MD n't/RB be/VB 
[ any/DT expectation/NN ]
of/IN 
[ detailed/JJ negotiations/NNS ]
or/CC 
[ agreements/NNS ]
./. 

Rather/RB ,/, 
[ senior/JJ administration/NN officials/NNS ]
said/VBD that/IN 
[ the/DT unexpected/JJ meeting/NN ]
was/VBD scheduled/VBN at/IN 
[ Mr./NNP Bush/NNP 's/POS request/NN ]
because/IN of/IN 
[ his/PRP$ preference/NN ]
for/IN 
[ conducting/VBG diplomacy/NN ]
through/IN highly/RB 
[ personal/JJ ]
and/CC 
[ informal/JJ meetings/NNS ]
with/IN 
[ other/JJ leaders/NNS ]
./. 

======================================

[ The/DT two/CD leaders/NNS ]
will/MD meet/VB on/IN 
[ Dec./NNP 2/CD ]
and/CC 
[ 3/CD ]
,/, alternating/VBG 
[ the/DT two/CD days/NNS ]
of/IN 
[ meetings/NNS ]
between/IN 
[ a/DT U.S./NNP ]
and/CC 
[ a/DT Soviet/JJ naval/JJ vessel/NN ]
in/IN 
[ the/DT Mediterranean/NNP Sea/NNP ]
./. 

[ The/DT unusual/JJ seaborne/JJ meeting/NN ]
wo/MD n't/RB disrupt/VB 
[ plans/NNS ]
for/IN 
[ a/DT formal/JJ summit/NN ]
meeting/VBG 
[ next/JJ spring/NN ]
or/CC 
[ summer/NN ]
,/, at/IN 
[ which/WDT ]

[ an/DT arms-control/NN treaty/NN ]
is/VBZ likely/JJ to/TO be/VB completed/VBN ./. 

======================================

In/IN announcing/VBG 
[ the/DT meeting/NN yesterday/NN ]
,/, 
[ Mr./NNP Bush/NNP ]
told/VBD 
[ reporters/NNS ]
at/IN 
[ the/DT White/NNP House/NNP ]
that/IN 
[ neither/CC ]

[ he/PRP ]
nor/CC 
[ Mr./NNP Gorbachev/NNP ]
expects/VBZ 
[ any/DT ]
``/`` 
[ substantial/JJ decisions/NNS ]
or/CC 
[ agreements/NNS ]
./. 

''/'' Instead/RB ,/, 
[ he/PRP ]
said/VBD that/IN 
[ the/DT purpose/NN ]
is/VBZ simply/RB for/IN 
[ the/DT two/CD ]
to/TO get/VB ``/`` better/RBR acquainted/VBN ''/'' and/CC discuss/VB 
[ a/DT wide/JJ range/NN ]
of/IN 
[ issues/NNS ]
without/IN 
[ a/DT formal/JJ agenda/NN ]
./. 

======================================

Despite/IN 
[ the/DT informal/JJ nature/NN ]
of/IN 
[ the/DT session/NN ]
and/CC 
[ the/DT calculated/JJ effort/NN ]
to/TO hold/VB down/RP 
[ expectations/NNS ]
,/, 
[ the/DT meeting/NN ]
could/MD pay/VB 
[ significant/JJ political/JJ dividends/NNS ]
for/IN 
[ both/DT ]

[ leaders/NNS ]
./. 

[ Mr./NNP Gorbachev/NNP ]
badly/RB needs/VBZ 
[ a/DT diversion/NN ]
from/IN 
[ the/DT serious/JJ economic/JJ problems/NNS ]
and/CC 
[ ethnic/JJ unrest/NN ]

[ he/PRP ]
faces/VBZ at/IN 
[ home/NN ]
./. 

[ American/JJ officials/NNS ]
have/VBP said/VBN that/IN 
[ a/DT meeting/NN ]
with/IN 
[ the/DT leader/NN ]
of/IN 
[ the/DT U.S./NNP ]
could/MD help/VB bolster/VB 
[ his/PRP$ stature/NN ]
among/IN 
[ Soviet/JJ politicians/NNS ]
and/CC 
[ academics/NNS ]
,/, 
[ whose/WP$ support/NN ]

[ he/PRP ]
needs/VBZ ./. 

======================================

For/IN 
[ his/PRP$ part/NN ]
,/, 
[ Mr./NNP Bush/NNP ]
has/VBZ been/VBN criticized/VBN regularly/RB at/IN 
[ home/NN ]
for/IN moving/VBG too/RB slowly/RB and/CC cautiously/RB in/IN reacting/VBG to/TO 
[ Mr./NNP Gorbachev/NNP 's/POS reforms/NNS ]
and/CC 
[ the/DT historic/JJ moves/NNS ]
away/RB from/IN 
[ communism/NN ]
in/IN 
[ Eastern/NNP Europe/NNP ]
./. 

[ A/DT face-to-face/JJ meeting/NN ]
with/IN 
[ Mr./NNP Gorbachev/NNP ]
should/MD damp/VB 
[ such/JJ criticism/NN ]
,/, though/IN 
[ it/PRP ]
will/MD hardly/RB eliminate/VB 
[ it/PRP ]
./. 

======================================

[ Senate/NNP Majority/NNP Leader/NNP George/NNP Mitchell/NNP ]
 (/( 
[ D./NNP ]
,/, 
[ Maine/NNP ]
 )/) ,/, 
[ who/WP ]
has/VBZ been/VBN 
[ the/DT most/RBS prominent/JJ Democratic/JJ critic/NN ]
of/IN 
[ Mr./NNP Bush/NNP 's/POS handling/NN ]
of/IN 
[ the/DT Soviet/JJ relationship/NN ]
,/, praised/VBD 
[ the/DT president/NN ]
for/IN arranging/VBG 
[ the/DT meeting/NN ]
./. 

But/CC 
[ he/PRP ]
added/VBD :/: ``/`` 
[ The/DT mere/JJ fact/NN ]
of/IN 
[ a/DT meeting/NN ]
does/VBZ n't/RB deal/VB with/IN 
[ the/DT substance/NN ]
of/IN 
[ policy/NN ]
./. 

''/'' 
======================================

[ Mr./NNP Bush/NNP ]
said/VBD that/IN 
[ the/DT December/NNP meeting/NN ]
,/, 
[ which/WDT ]
was/VBD announced/VBN simultaneously/RB in/IN 
[ Moscow/NNP ]
,/, will/MD be/VB held/VBN in/IN 
[ the/DT unusual/JJ setting/NN ]
of/IN 
[ ships/NNS ]
at/IN 
[ sea/NN ]
to/TO hold/VB down/RP 
[ the/DT ]
``/`` 
[ fanfare/NN ]
''/'' and/CC force/VB 
[ the/DT two/CD sides/NNS ]
to/TO limit/VB 
[ participation/NN ]
to/TO just/RB 
[ small/JJ groups/NNS ]
of/IN 
[ advisers/NNS ]
./. 

``/`` By/IN doing/VBG 
[ it/PRP ]
in/IN 
[ this/DT manner/NN ]

[ we/PRP ]
can/MD have/VB ,/, 
[ I/PRP ]
would/MD say/VB ,/, 
[ more/JJR time/NN ]
without/IN 
[ the/DT press/NN ]
of/IN 
[ social/JJ activities/NNS ]
or/CC 
[ mandatory/JJ joint/JJ appearances/NNS ]
,/, 
[ things/NNS ]
of/IN 
[ that/DT nature/NN ]
for/IN 
[ public/JJ consumption/NN ]
,/, ''/'' 
[ Mr./NNP Bush/NNP ]
said/VBD ./. 

======================================

[ Soviet/NNP Foreign/NNP Minister/NNP Eduard/NNP Shevardnadze/NNP ]
,/, at/IN 
[ a/DT news/NN conference/NN ]
in/IN 
[ Moscow/NNP ]
,/, said/VBD ,/, ``/`` As/IN 
[ the/DT two/CD sides/NNS ]
plan/VBP to/TO hold/VB 
[ a/DT full-scale/JJ summit/NN ]
in/IN 
[ late/JJ spring-early/JJ summer/NN ]
next/IN 
[ year/NN ]
,/, 
[ they/PRP ]
found/VBD 
[ it/PRP ]
useful/JJ ,/, 
[ I/PRP ]
would/MD say/VB even/RB necessary/JJ ,/, to/TO hold/VB 
[ an/DT interim/JJ informal/JJ meeting/NN ]
./. 

''/'' Although/IN 
[ no/DT specific/JJ agreements/NNS ]
are/VBP expected/VBN ,/, 
[ Mr./NNP Shevardnadze/NNP ]
said/VBD ``/`` 
[ that/WDT ]
does/VBZ n't/RB mean/VB 
[ they/PRP ]
will/MD be/VB without/IN 
[ an/DT agenda/NN ]
./. 

''/'' 
======================================

If/IN 
[ the/DT two/CD leaders/NNS ]
cover/VBP 
[ the/DT subjects/NNS ]

[ that/WDT ]
have/VBP been/VBN featured/VBN in/IN 
[ lower/JJR level/NN U.S.-Soviet/JJ meetings/NNS ]
,/, 
[ their/PRP$ talks/NNS ]
would/MD include/VB 
[ human/JJ rights/NNS ]
,/, 
[ Soviet/JJ reforms/NNS ]
,/, 
[ regional/JJ disputes/NNS ]
,/, 
[ relations/NNS ]
with/IN 
[ allies/NNS ]
,/, 
[ economic/JJ cooperation/NN ]
,/, 
[ arms/NNS ]
control/NN ,/, and/CC 
[ joint/JJ efforts/NNS ]
to/TO fight/VB 
[ narcotics/NNS ]
,/, 
[ terrorism/NN ]
and/CC 
[ pollution/NN ]
./. 

======================================

[ The/DT president/NN ]
specifically/RB mentioned/VBD 
[ U.S./NNP economic/JJ advice/NN ]
to/TO 
[ Moscow/NNP ]
as/IN 
[ a/DT possible/JJ topic/NN ]
./. 

[ Mr./NNP Gorbachev/NNP ]
has/VBZ for/IN 
[ months/NNS ]
been/VBN publicly/RB urging/VBG 
[ the/DT U.S./NNP ]
to/TO drop/VB 
[ its/PRP$ restrictions/NNS ]
on/IN 
[ Soviet/JJ trade/NN ]
./. 

[ He/PRP ]
recently/RB told/VBD 
[ a/DT small/JJ group/NN ]
of/IN 
[ American/JJ businessmen/NNS ]
in/IN 
[ Moscow/NNP ]
that/IN 
[ he/PRP ]
hoped/VBD to/TO sign/VB 
[ a/DT general/JJ trade/NN agreement/NN ]
with/IN 
[ the/DT U.S./NNP ]
,/, possibly/RB at/IN 
[ the/DT 1990/CD summit/NN ]
./. 

[ The/DT Soviets/NNPS ]
hope/VBP 
[ a/DT trade/NN agreement/NN ]
would/MD give/VB 
[ them/PRP ]

[ Most-Favored/JJS Nation/NN status/NN ]
,/, 
[ which/WDT ]
would/MD lower/VB 
[ the/DT tariffs/NNS ]
on/IN 
[ Soviet/JJ exports/NNS ]
to/TO 
[ the/DT U.S/NNP ]
./. 

======================================

In/IN 
[ an/DT ]
unusually/RB 
[ candid/JJ article/NN ]
about/IN 
[ the/DT latest/JJS economic/JJ woe/NN ]
--/: 
[ unemployment/NN ]
--/: 
[ Pravda/NNP ]
yesterday/NN reported/VBD that/IN 
[ three/CD million/CD Soviets/NNPS ]
have/VBP lost/VBN 
[ their/PRP$ jobs/NNS ]
as/IN 
[ a/DT result/NN ]
of/IN 
[ perestroika/FW ]
and/CC 
[ the/DT number/NN ]
could/MD grow/VB to/TO 
[ 16/CD million/CD ]
by/IN 
[ the/DT year/NN 2005/CD ]
./. 

[ Economists/NNS ]
in/IN 
[ Moscow/NNP ]
are/VBP now/RB proposing/VBG that/IN 
[ the/DT state/NN ]
start/VB 
[ a/DT system/NN ]
of/IN 
[ unemployment/NN benefits/NNS ]
./. 

======================================

But/CC 
[ one/CD Bush/NNP administration/NN official/NN ]
knowledgeable/JJ about/IN 
[ the/DT summit/NN plan/NN ]
cautioned/VBD against/IN assuming/VBG that/IN 
[ there/EX ]
will/MD be/VB 
[ bold/JJ new/JJ initiatives/NNS ]
on/IN 
[ the/DT Soviet/JJ economy/NN ]
or/CC 
[ other/JJ issues/NNS ]
./. 

======================================

``/`` Do/VBP n't/RB take/VB 
[ this/DT ]
as/IN 
[ some/DT big/JJ opening/NN ]
for/IN 
[ major/JJ movement/NN ]
on/IN 
[ economic/JJ cooperation/NN ]
,/, or/CC 
[ arms/NNS ]
control/NN ,/, or/CC 
[ the/DT environment/NN ]
,/, ''/'' 
[ he/PRP ]
said/VBD ./. 

``/`` 
[ Those/DT things/NNS ]
will/MD 
[ all/DT ]
come/VB up/RB ,/, but/CC in/IN 
[ a/DT ]
fairly/RB 
[ informal/JJ way/NN ]
./. 

''/'' 
======================================

Instead/RB ,/, 
[ this/DT official/NN ]
said/VBD ,/, ``/`` 
[ This/DT ]
is/VBZ 
[ vintage/JJ George/NNP Bush/NNP ]
./. 

[ This/DT ]
was/VBD 
[ George/NNP Bush/NNP 's/POS own/JJ idea/NN ]
./. 

[ It/PRP ]

[ 's/POS George/NNP Bush/NNP ]
wanting/VBG to/TO meet/VB 
[ a/DT foreign/JJ leader/NN ]
and/CC talk/VB to/TO 
[ him/PRP ]
directly/RB ./. 

''/'' 
======================================

Aside/RB from/IN 
[ the/DT Soviet/JJ economic/JJ plight/NN ]
and/CC 
[ talks/NNS ]
on/IN cutting/VBG 
[ strategic/JJ ]
and/CC 
[ chemical/JJ arms/NNS ]
,/, 
[ one/CD other/JJ issue/NN ]

[ the/DT Soviets/NNPS ]
are/VBP likely/JJ to/TO want/VB to/TO raise/VB is/VBZ 
[ naval/JJ force/NN reductions/NNS ]
./. 

[ Western/JJ analysts/NNS ]
say/VBP that/IN ,/, given/VBN 
[ the/DT meeting/NN 's/POS setting/NN ]
at/IN 
[ sea/NN ]
,/, 
[ Gorbachev/NNP ]
is/VBZ unlikely/JJ to/TO pass/VB up/RP 
[ the/DT opportunity/NN ]
to/TO press/VB once/RB again/RB for/IN 
[ negotiated/VBN cuts/NNS ]
in/IN 
[ the/DT navies/NNS ]
of/IN 
[ both/DT ]

[ the/DT North/NNP Atlantic/NNP Treaty/NNP Organization/NNP ]
and/CC 
[ the/DT Warsaw/NNP Pact/NNP ]
./. 

======================================

[ That/DT theme/NN ]
has/VBZ been/VBN 
[ a/DT ]
recurring/VBG 
[ one/NN ]
for/IN 
[ Soviet/JJ military/JJ officials/NNS ]
for/IN 
[ much/JJ ]
of/IN 
[ this/DT year/NN ]
./. 

[ They/PRP ]
argue/VBP that/IN as/IN 
[ the/DT Kremlin/NNP ]
follows/VBZ through/RB on/IN 
[ announced/JJ plans/NNS ]
to/TO cut/VB 
[ land/NN forces/NNS ]
--/: 
[ the/DT Soviets/NNPS '/POS area/NN ]
of/IN 
[ greatest/JJS strength/NN ]
--/: 
[ the/DT U.S./NNP ]
should/MD show/VB 
[ more/JJR willingness/NN ]
to/TO cut/VB 
[ sea/NN forces/NNS ]
--/: 
[ Washington/NNP 's/POS area/NN ]
of/IN 
[ greatest/JJS superiority/NN ]
./. 

======================================

[ One/CD ]
of/IN 
[ the/DT reasons/NNS Bush/NNP administration/NN aides/NNS ]
are/VBP anxious/JJ to/TO insist/VB that/IN 
[ the/DT coming/VBG meeting/NN ]
will/MD be/VB informal/JJ is/VBZ to/TO avoid/VB 
[ comparisons/NNS ]
with/IN 
[ the/DT last/JJ such/JJ ]
loosely/RB structured/JJ 
[ superpower/NN gathering/NN ]
,/, 
[ former/JJ President/NNP Reagan/NNP 's/POS 1986/CD meeting/NN ]
with/IN 
[ Mr./NNP Gorbachev/NNP ]
in/IN 
[ Reykjavik/NNP ]
,/, 
[ Iceland/NNP ]
./. 

[ That/DT meeting/NN ]
sent/VBD 
[ shivers/NNS ]
through/IN 
[ the/DT Western/JJ alliance/NN ]
because/IN 
[ Mr./NNP Reagan/NNP ]
was/VBD pulled/VBN into/IN discussing/VBG 
[ the/DT possible/JJ elimination/NN ]
of/IN 
[ nuclear/JJ weapons/NNS ]
without/IN consulting/VBG 
[ American/JJ allies/NNS ]
./. 

======================================

[ Mr./NNP Bush/NNP ]
said/VBD that/IN 
[ he/PRP ]
initiated/VBD 
[ talks/NNS ]
with/IN 
[ the/DT Soviets/NNPS ]
on/IN 
[ the/DT informal/JJ meeting/NN ]
by/IN sending/VBG 
[ a/DT proposal/NN ]
to/TO 
[ Mr./NNP Gorbachev/NNP last/JJ July/NNP ]
,/, 
[ which/WDT ]

[ the/DT Soviet/JJ leader/NN ]
readily/RB accepted/VBD ./. 

But/CC 
[ word/NN ]
of/IN 
[ the/DT possible/JJ session/NN ]
was/VBD closely/RB held/VBN by/IN 
[ the/DT president/NN ]
and/CC 
[ a/DT handful/NN ]
of/IN 
[ top/JJ aides/NNS ]
,/, and/CC 
[ word/NN ]
of/IN 
[ it/PRP ]
did/VBD n't/RB reach/VB 
[ many/JJ second-level/JJ officials/NNS ]
until/IN 
[ the/DT past/JJ few/JJ days/NNS ]
./. 

Indeed/RB ,/, 
[ many/JJ senior/JJ officials/NNS ]
had/VBD been/VBN insisting/VBG for/IN 
[ weeks/NNS ]
that/IN 
[ Mr./NNP Bush/NNP was/VBD n't/RB ]
interested/JJ in/IN 
[ such/JJ an/DT informal/JJ ]
get-together/NN ./. 

======================================

[ Though/IN President/NNP Bush/NNP 's/POS political/JJ critics/NNS ]
at/IN 
[ home/NN ]
have/VBP been/VBN urging/VBG 
[ him/PRP ]
to/TO open/VB 
[ a/DT more/RBR direct/JJ dialogue/NN ]
with/IN 
[ Mr./NNP Gorbachev/NNP ]
,/, 
[ it/PRP ]
actually/RB was/VBD 
[ the/DT arguments/NNS ]
of/IN 
[ leaders/NNS ]
within/IN 
[ the/DT Soviet/JJ bloc/NN ]

[ itself/PRP that/WDT ]
led/VBD 
[ the/DT president/NN ]
to/TO seek/VB 
[ the/DT December/NNP meeting/NN ]
./. 

[ Mr./NNP Bush/NNP ]
decided/VBD 
[ he/PRP ]
wanted/VBD 
[ the/DT meeting/NN ]
after/IN talking/VBG in/IN 
[ Europe/NNP ]
in/IN 
[ July/NNP ]
with/IN 
[ the/DT leaders/NNS ]
of/IN 
[ Poland/NNP ]
and/CC 
[ Hungary/NNP ]
,/, 
[ who/WP ]
urged/VBD 
[ him/PRP ]
to/TO support/VB 
[ Mr./NNP Gorbachev/NNP 's/POS efforts/NNS ]
to/TO transform/VB 
[ the/DT Soviet/JJ system/NN ]
and/CC to/TO urge/VB 
[ him/PRP ]
to/TO loosen/VB 
[ his/PRP$ grip/NN ]
on/IN 
[ Eastern/NNP Europe/NNP ]
,/, 
[ a/DT senior/JJ aide/NN ]
said/VBD ./. 

While/IN flying/VBG 
[ home/RB ]
from/IN 
[ those/DT discussions/NNS ]
,/, 
[ Mr./NNP Bush/NNP ]
drafted/VBD 
[ a/DT letter/NN ]
to/TO 
[ Mr./NNP Gorbachev/NNP ]
suggesting/VBG 
[ an/DT informal/JJ ]
get-together/NN to/TO precede/VB 
[ their/PRP$ formal/JJ summit/NN ]
next/IN 
[ year/NN ]
./. 

======================================

[ Peter/NNP Gumbel/NNP ]
in/IN 
[ Moscow/NNP ]
contributed/VBD to/TO 
[ this/DT article/NN ]
./. 



======================================

[ Banca/NNP Nazionale/NNP ]

[ del/FW Lavoro/NNP ]
said/VBD 
[ its/PRP$ potential/JJ losses/NNS ]
from/IN lending/VBG to/TO 
[ Iraq/NNP ]
could/MD reach/VB 
[ 1.175/CD trillion/CD lire/NNS ]
 (/( 
[ $/$ 872/CD million/CD ]
 )/) ,/, marking/VBG 
[ the/DT bank/NN 's/POS first/JJ quantification/NN ]
of/IN 
[ potential/JJ costs/NNS ]
of/IN 
[ unauthorized/JJ lending/NN ]
by/IN 
[ its/PRP$ Atlanta/NNP branch/NN ]
./. 

======================================

[ BNL/NNP ]
previously/RB reported/VBD 
[ that/DT its/PRP$ Georgia/NNP branch/NN ]
had/VBD taken/VBN on/RP 
[ loan/NN commitments/NNS ]
topping/VBG 
[ $/$ 3/CD billion/CD ]
without/IN 
[ the/DT Rome-based/JJ management/NN 's/POS approval/NN ]
./. 

[ State-owned/JJ BNL/NNP ]
,/, 
[ Italy/NNP 's/POS largest/JJS bank/NN ]
,/, has/VBZ filed/VBN 
[ charges/NNS ]
against/IN 
[ the/DT branch/NN 's/POS former/JJ manager/NN ]
,/, 
[ Christopher/NNP Drogoul/NNP ]
,/, and/CC 
[ a/DT former/JJ branch/NN vice/NN president/NN ]
,/, alleging/VBG 
[ fraud/NN ]
and/CC 
[ breach/NN ]
of/IN 
[ their/PRP$ fiduciary/JJ duties/NNS ]
./. 

======================================

[ BNL/NNP ]
also/RB said/VBD 
[ that/DT its/PRP$ board/NN ]
had/VBD approved/VBN ``/`` after/IN 
[ an/DT in-depth/JJ discussion/NN ]
,/, ''/'' 
[ a/DT letter/NN ]
to/TO 
[ the/DT Bank/NNP ]
of/IN 
[ Italy/NNP ]
outlining/VBG 
[ measures/NNS ]

[ the/DT state-owned/JJ bank/NN ]
has/VBZ taken/VBN or/CC 
[ plans/VBZ ]
to/TO take/VB to/TO improve/VB 
[ controls/NNS ]
on/IN 
[ its/PRP$ foreign/JJ branches/NNS ]
./. 

[ The/DT central/JJ bank/NN ]
had/VBD ordered/VBN 
[ BNL/NNP ]
to/TO come/VB up/RB with/IN 
[ a/DT suitable/JJ program/NN ]
by/IN 
[ yesterday/NN ]
./. 

[ Bank/NNP ]
of/IN 
[ Italy/NNP ]
has/VBZ also/RB ordered/VBN 
[ BNL/NNP ]
to/TO shore/VB up/RP 
[ its/PRP$ capital/NN base/NN ]
to/TO account/VB for/IN 
[ potential/JJ foreign/JJ loan/NN losses/NNS ]
,/, and/CC 
[ the/DT Rome/NNP bank/NN ]
has/VBZ outlined/VBN 
[ a/DT 3/CD trillion/CD lire/NNS capital-raising/JJ operation/NN ]
./. 

======================================

[ BNL/NNP ]
was/VBD unable/JJ to/TO elaborate/VB on/IN 
[ what/WDT measures/NNS ]
were/VBD planned/VBN by/IN 
[ the/DT bank/NN ]
to/TO improve/VB 
[ controls/NNS ]
on/IN 
[ its/PRP$ branches/NNS ]
abroad/RB ./. 



======================================

Hardly/RB 
[ a/DT day/NN ]
passes/VBZ without/IN 
[ news/NN photos/NNS ]
of/IN 
[ the/DT police/NN ]
dragging/VBG 
[ limp/JJ protesters/NNS ]
from/IN 
[ some/DT building/NN ]
or/CC 
[ thoroughfare/NN ]
in/IN 
[ one/CD ]
of/IN 
[ our/PRP$ cities/NNS ]
./. 

Of/IN 
[ recent/JJ note/NN ]
are/VBP 
[ the/DT activities/NNS ]
of/IN 
[ the/DT pro-/JJ ]
and/CC 
[ anti-abortionists/NNS ]
,/, 
[ anti-nuclear/JJ activists/NNS ]
,/, 
[ animal/NN rights/NNS protesters/NNS ]
,/, 
[ college/NN students/NNS ]
concerned/JJ about/IN 
[ racism/NN ]
,/, 
[ anti-apartheid/JJ groups/NNS ]
,/, 
[ various/JJ self-styled/JJ ]
``/`` 
[ environmentalists/NNS ]
''/'' and/CC 
[ those/DT ]
dissatisfied/JJ with/IN 
[ the/DT pace/NN ]
of/IN 
[ the/DT war/NN ]
against/IN 
[ AIDS/NNP ]
./. 

======================================

Maybe/RB 
[ he/PRP ]
did/VBD n't/RB start/VB 
[ it/PRP ]
,/, but/CC 
[ Mohandas/NNP Gandhi/NNP ]
certainly/RB provided/VBD 
[ a/DT recognizable/JJ beginning/NN ]
to/TO 
[ non-violent/JJ civil/JJ disobedience/NN ]
as/IN 
[ we/PRP ]
know/VBP 
[ it/PRP ]

[ today/NN ]
./. 

[ The/DT Mahatma/NNP ]
,/, or/CC ``/`` great/RB souled/JJ 
[ one/NN ]
,/, ''/'' instigated/VBD 
[ several/JJ campaigns/NNS ]
of/IN 
[ passive/JJ resistance/NN ]
against/IN 
[ the/DT British/JJ government/NN ]
in/IN 
[ India/NNP ]
./. 

Unfortunately/RB ,/, according/VBG to/TO 
[ Webster/NNP 's/POS Biographical/NNP Dictionary/NNP ]
,/, ``/`` 
[ His/PRP$ policies/NNS ]
went/VBD beyond/IN 
[ his/PRP$ control/NN ]
and/CC 
[ resulted/VBD .../: ]
in/IN 
[ riots/NNS ]
and/CC 
[ disturbances/NNS ]
''/'' and/CC later/RBR 
[ a/DT renewed/VBN campaign/NN ]
of/IN 
[ civil/JJ disobedience/NN ]
``/`` resulted/VBD in/IN rioting/NN and/CC 
[ a/DT second/JJ imprisonment/NN ]
./. 

''/'' 
[ I/PRP ]
am/VBP not/RB 
[ a/DT proponent/NN ]
of/IN 
[ everything/NN ]

[ Gandhi/NNP ]
did/VBD ,/, but/CC 
[ some/DT ]
of/IN 
[ his/PRP$ law/NN breaking/NN ]
was/VBD justified/JJ because/IN 
[ India/NNP ]
was/VBD then/RB under/IN 
[ occupation/NN ]
by/IN 
[ a/DT foreign/JJ power/NN ]
,/, and/CC 
[ Indians/NNPS ]
were/VBD not/RB able/JJ to/TO participate/VB fully/RB in/IN 
[ decisions/NNS ]

[ that/WDT ]
vitally/RB affected/VBD 
[ them/PRP ]
./. 

======================================

[ It/PRP ]
is/VBZ difficult/JJ ,/, however/RB ,/, to/TO justify/VB 
[ civil/JJ disobedience/NN ]
,/, 
[ non-violent/JJ ]
or/CC not/RB ,/, where/WRB 
[ citizens/NNS ]
have/VBP 
[ full/JJ recourse/NN ]
to/TO 
[ the/DT ballot/NN box/NN ]
to/TO 
[ effect/NN  change/NN ]
./. 

Where/WRB truly/RB 
[ representative/JJ governments/NNS ]
are/VBP safeguarded/VBN by/IN 
[ constitutional/JJ protections/NNS ]
of/IN 
[ human/JJ rights/NNS ]
and/CC 
[ an/DT independent/JJ judiciary/NN ]
to/TO construe/VB 
[ those/DT rights/NNS ]
,/, 
[ there/EX ]
is/VBZ 
[ no/DT excuse/NN ]
for/IN breaking/VBG 
[ the/DT law/NN ]
because/IN 
[ some/DT individual/NN ]
or/CC 
[ group/NN ]
disagrees/VBZ with/IN 
[ it/PRP ]
./. 

[ There/EX ]
may/MD be/VB 
[ a/DT few/JJ cases/NNS ]
where/WRB 
[ the/DT law/NN breaking/NN ]
is/VBZ well/RB pinpointed/JJ and/CC so/RB completely/RB non-invasive/JJ of/IN 
[ the/DT rights/NNS ]
of/IN 
[ others/NNS ]
that/IN 
[ it/PRP ]
is/VBZ difficult/JJ to/TO criticize/VB 
[ it/PRP ]
./. 

[ The/DT case/NN ]
of/IN 
[ Rosa/NNP Parks/NNP ]
,/, 
[ the/DT black/JJ woman/NN ]

[ who/WP ]
refused/VBD to/TO sit/VB at/IN 
[ the/DT back/NN ]
of/IN 
[ the/DT bus/NN ]
,/, comes/VBZ to/TO mind/VB as/IN 
[ an/DT illustration/NN ]
./. 

But/CC 
[ most/JJS cases/NNS ]
of/IN 
[ non-violent/JJ civil/JJ disobedience/NN ]
are/VBP not/RB nearly/RB so/RB benign/JJ ./. 

======================================

[ The/DT public/NN ]
has/VBZ 
[ a/DT tendency/NN ]
to/TO equate/VB 
[ lawful/JJ demonstrations/NNS ]
with/IN 
[ non-violent/JJ civil/JJ disobedience/NN ]
./. 

[ It/PRP ]
is/VBZ true/JJ that/IN 
[ both/DT ]
are/VBP non-violent/JJ ,/, but/CC 
[ there/EX ]
is/VBZ 
[ a/DT fundamental/JJ difference/NN ]
between/IN 
[ them/PRP ]
./. 

[ Lawful/JJ demonstrations/NNS ]
,/, such/JJ as/IN 
[ peaceful/JJ ]
picketing/NN and/CC 
[ other/JJ assemblages/NNS ]

[ that/WDT ]
do/VBP not/RB disturb/VB 
[ the/DT peace/NN ]
or/CC cause/VB 
[ a/DT public/JJ nuisance/NN ]
or/CC interfere/VB with/IN 
[ the/DT rights/NNS ]
of/IN 
[ others/NNS ]
,/, are/VBP 
[ rights/NNS ]
guaranteed/VBN by/IN 
[ any/DT ]
truly/RB 
[ free/JJ system/NN ]
of/IN 
[ government/NN ]
./. 

[ Civil/JJ disobedience/NN ]
,/, 
[ violent/JJ ]
or/CC 
[ non-violent/JJ ]
,/, is/VBZ 
[ intentional/JJ law/NN breaking/NN ]
./. 

======================================

[ The/DT subject/NN ]
of/IN 
[ this/DT discussion/NN ]
is/VBZ 
[ non-violent/JJ civil/JJ disobedience/NN ]
;/: but/CC ,/, before/IN 
[ we/PRP ]
get/VBP on/RB with/IN 
[ that/DT ]
,/, let/VB 
[ me/PRP ]
make/VB just/RB 
[ a/DT few/JJ tangential/JJ remarks/NNS ]
about/IN 
[ lawful/JJ demonstrations/NNS ]
./. 

[ They/PRP ]
are/VBP useful/JJ to/TO call/VB 
[ public/JJ attention/NN ]
to/TO 
[ grievances/NNS ]
,/, but/CC 
[ they/PRP ]
have/VBP 
[ little/JJ value/NN ]
in/IN educating/VBG 
[ anyone/NN ]
about/IN 
[ the/DT issues/NNS ]
in/IN 
[ dispute/NN ]
./. 

[ The/DT delight/NN ]
of/IN 
[ television/NN ]
in/IN 
[ dramatic/JJ confrontation/NN ]
encourages/VBZ 
[ overuse/NN ]
of/IN 
[ slogans/NNS ]
chanted/VBN through/IN 
[ bullhorns/NNS ]
,/, 
[ militant/JJ gestures/NNS ]
,/, 
[ accusatory/JJ signs/NNS ]
and/CC 
[ other/JJ ]
emotionally/RB inspired/JJ 
[ tactics/NNS ]
./. 

[ Civilized/JJ discourse/NN ]
and/CC 
[ an/DT environment/NN ]
where/WRB 
[ compromise/NN ]
can/MD begin/VB are/VBP lost/VBN in/IN 
[ a/DT hostile/JJ posture/NN ]
abetted/VBN by/IN 
[ superficial/JJ media/NNS interviews/NNS ]
./. 

======================================

At/IN 
[ best/JJS ]
,/, 
[ demonstrations/NNS ]
are/VBP overused/JJ and/CC boringly/RB 
[ uninformative/JJ ]
;/: at/IN 
[ worst/JJS ]
,/, 
[ they/PRP ]
can/MD become/VB 
[ the/DT stimuli/NNS ]

[ that/WDT ]
lead/VBP to/TO 
[ law/NN breaking/NN ]
./. 

[ Demonstrations/NNS ]
are/VBP particularly/RB apt/JJ to/TO degenerate/VB into/IN 
[ criminal/JJ conduct/NN ]
when/WRB 
[ they/PRP ]
leave/VBP 
[ the/DT site/NN ]
of/IN 
[ the/DT grievance/NN ]
and/CC become/VBP 
[ mobile/JJ ]
./. 

[ Petty/JJ criminals/NNS ]
and/CC 
[ street/NN people/NNS ]
looking/VBG for/IN 
[ excitement/NN ]
attach/VBP 
[ themselves/PRP ]
like/IN 
[ remora/NNS ]
to/TO 
[ the/DT fringes/NNS ]
of/IN 
[ the/DT crowd/NN ]
and/CC use/VBP 
[ the/DT protest/NN ]
as/IN 
[ an/DT excuse/NN ]
for/IN 
[ rock/NN ]
throwing/NN ,/, 
[ auto/NN ]
trashing/NN ,/, 
[ arson/NN ]
,/, 
[ window/NN breaking/NN ]
,/, looting/NN ,/, 
[ pocket/NN ]
picking/NN and/CC 
[ general/JJ hooliganism/NN ]
./. 

Soon/RB 
[ the/DT whole/JJ purpose/NN ]
of/IN 
[ the/DT demonstration/NN ]
is/VBZ lost/VBN in/IN 
[ mob/NN mania/NN ]
./. 

[ There/EX ]
are/VBP 
[ better/JJR ways/NNS ]
to/TO promote/VB 
[ a/DT cause/NN ]
./. 

======================================

Where/WRB 
[ non-violent/JJ civil/JJ disobedience/NN ]
is/VBZ 
[ the/DT centerpiece/NN ]
,/, rather/RB than/IN 
[ a/DT lawful/JJ demonstration/NN ]

[ that/WDT ]
may/MD only/RB attract/VB 
[ crime/NN ]
,/, 
[ it/PRP ]
is/VBZ difficult/JJ to/TO justify/VB ./. 

[ Some/DT ]
find/VBP 
[ no/DT harm/NN ]
in/IN 
[ the/DT misdemeanors/NNS ]
of/IN 
[ trespass/NN ]
,/, 
[ minor/JJ property/NN destruction/NN ]
,/, blocking/VBG 
[ traffic/NN ]
and/CC 
[ the/DT like/JJ ]
./. 

[ They/PRP ]
say/VBP 
[ these/DT ]
are/VBP 
[ small/JJ prices/NNS ]
to/TO pay/VB for/IN 
[ galvanizing/VBG action/NN ]
for/IN 
[ the/DT all-important/JJ cause/NN ]
./. 

[ The/DT crimes/NNS ]
may/MD appear/VB 
[ small/JJ ]
,/, but/CC 
[ the/DT prices/NNS ]
can/MD be/VB huge/JJ ./. 

Here/RB are/VBP 
[ two/CD cases/NNS ]
to/TO illustrate/VB ./. 

======================================

[ Assume/VB ]

[ a/DT neighborhood/NN demonstration/NN ]
to/TO protest/VB speeding/NN on/IN 
[ a/DT certain/JJ road/NN ]
or/CC 
[ a/DT careless/JJ accident/NN ]
involving/VBG 
[ a/DT police/NN car/NN ]
./. 

[ The/DT protesters/NNS ]
lie/VBP down/RB in/IN 
[ the/DT street/NN ]
,/, blocking/VBG 
[ traffic/NN ]
,/, and/CC will/MD not/RB move/VB until/IN 
[ the/DT authorities/NNS ]
carry/VBP 
[ them/PRP ]
away/RB ./. 

[ Assume/VB ]
that/IN 
[ someone/NN ]
caught/VBD in/IN 
[ the/DT jam/NN ]
has/VBZ 
[ a/DT heart/NN attack/NN ]
./. 

[ There/EX ]
is/VBZ 
[ no/DT way/NN ]
to/TO get/VB 
[ an/DT ambulance/NN ]
in/IN quickly/RB to/TO move/VB 
[ him/PRP ]
to/TO 
[ a/DT hospital/NN ]
./. 

[ He/PRP ]
dies/VBZ ./. 

[ The/DT demonstration/NN ]
was/VBD non-violent/JJ and/CC involved/VBN only/RB 
[ a/DT simple/JJ misdemeanor/NN ]
,/, but/CC 
[ its/PRP$ impact/NN ]
on/IN 
[ that/DT individual/NN ]
was/VBD violent/JJ and/CC 
[ terminal/JJ ]
./. 

======================================

Assume/VB that/IN 
[ a/DT TV/NN network/NN ]
is/VBZ 
[ airing/VBG ]

[ a/DT celebrity/NN interview/NN program/NN ]
with/IN 
[ a/DT live/JJ audience/NN ]
./. 

[ The/DT politician/NN ]
appearing/VBG is/VBZ highly/RB controversial/JJ and/CC has/VBZ recently/RB generated/VBN 
[ a/DT good/JJ deal/NN ]
of/IN 
[ rancor/NN ]
amid/IN 
[ certain/JJ groups/NNS ]
./. 

In/IN 
[ a/DT planned/JJ protest/NN ]
against/IN 
[ his/PRP$ appearance/NN ]
,/, 
[ several/JJ members/NNS ]
of/IN 
[ the/DT studio/NN audience/NN ]
chain/VBP 
[ themselves/PRP ]
in/IN 
[ front/NN ]
of/IN 
[ the/DT TV/NN cameras/NNS ]
in/IN 
[ such/JJ a/DT way/NN ]
that/IN 
[ the/DT program/NN ]
can/MD not/RB continue/VB ./. 

[ The/DT network/NN ]
must/MD refund/VB 
[ money/NN ]
to/TO 
[ the/DT advertisers/NNS ]
and/CC loses/VBZ 
[ considerable/JJ revenue/NN ]
and/CC 
[ prestige/NN ]
./. 

[ The/DT demonstrators/NNS ]
have/VBP been/VBN non-violent/JJ ,/, but/CC 
[ the/DT result/NN ]
of/IN 
[ their/PRP$ trespasses/NNS ]
has/VBZ been/VBN to/TO seriously/RB impair/VB 
[ the/DT rights/NNS ]
of/IN 
[ others/NNS ]
unconnected/JJ with/IN 
[ their/PRP$ dispute/NN ]
./. 

======================================

[ It/PRP ]
might/MD be/VB alleged/VBN 
[ that/DT TV/NN ]
has/VBZ done/VBN more/JJR than/IN 
[ its/PRP$ share/NN ]
to/TO popularize/VB and/CC promote/VB 
[ non-violent/JJ civil/JJ disobedience/NN ]
,/, so/RB 
[ the/DT second/JJ situation/NN ]
hypothesized/VBN above/RB would/MD be/VB simply/RB 
[ a/DT case/NN ]
of/IN ``/`` 
[ chickens/NNS ]
coming/VBG 
[ home/RB ]
to/TO roost/VB ./. 

''/'' Or/CC maybe/RB 
[ the/DT TV/NN network/NN ]
would/MD lose/VB 
[ nothing/NN ]
./. 

[ Geraldo/NNP ]
or/CC 
[ Phil/NNP ]
would/MD probably/RB pull/VB up/RP 
[ another/DT camera/NN ]
and/CC interview/VB 
[ the/DT chained/JJ protesters/NNS ]
./. 

Let/VB 
[ us/PRP ]
look/VB for/IN 
[ a/DT moment/NN ]
at/IN 
[ another/DT type/NN ]
of/IN 
[ non-violent/JJ civil/JJ disobedience/NN ]

[ that/WDT ]
only/RB harms/VBZ 
[ other/JJ people/NNS ]
indirectly/RB ,/, yet/RB does/VBZ 
[ irreparable/JJ damage/NN ]
to/TO 
[ the/DT nation/NN ]
as/IN 
[ a/DT whole/NN ]
./. 

[ I/PRP ]
am/VBP referring/VBG to/TO 
[ those/DT young/JJ men/NNS ]

[ who/WP ]
chose/VBD to/TO disobey/VB 
[ their/PRP$ country/NN 's/POS call/NN ]
to/TO 
[ arms/NNS ]
during/IN 
[ the/DT Vietnam/NNP war/NN ]
and/CC fled/VBD to/TO 
[ Canada/NNP ]
or/CC 
[ some/DT other/JJ sanctuary/NN ]
to/TO avoid/VB 
[ combat/NN ]
./. 

[ Their/PRP$ cowardly/JJ acts/NNS ]
of/IN 
[ civil/JJ disobedience/NN ]
,/, 
[ which/WDT ]

[ they/PRP ]
tried/VBD to/TO hide/VB under/IN 
[ the/DT cloak/NN ]
of/IN 
[ outrage/NN ]
at/IN 
[ a/DT war/NN ]

[ they/PRP ]
characterized/VBD as/IN ``/`` 
[ immoral/JJ ]
,/, ''/'' weakened/VBD 
[ the/DT national/JJ fabric/NN ]
and/CC threw/VBD 
[ additional/JJ burdens/NNS ]
on/IN 
[ those/DT ]

[ who/WP ]
served/VBD honorably/RB in/IN 
[ that/DT conflict/NN ]
./. 

======================================

Even/RB more/JJR at/IN 
[ fault/NN ]
are/VBP 
[ those/DT leaders/NNS ]
in/IN and/CC out/IN of/IN 
[ government/NN ]

[ who/WP ]
urged/VBD and/CC supported/VBD 
[ their/PRP$ defections/NNS ]
,/, thereby/RB giving/VBG 
[ great/JJ help/NN ]
and/CC 
[ comfort/NN ]
to/TO 
[ the/DT enemy/NN propagandists/NNS ]
./. 

[ It/PRP ]
is/VBZ amazing/JJ that/IN 
[ the/DT ensuing/VBG mass/NN executions/NNS ]
in/IN 
[ Vietnam/NNP ]
and/CC 
[ Cambodia/NNP ]
do/VBP not/RB weight/VB more/RBR heavily/RB on/IN 
[ minds/NNS ]
so/RB morally/RB fine-tuned/JJ ./. 

[ Worse/JJR ]
,/, 
[ it/PRP ]
remained/VBD to/TO 
[ a/DT well-meaning/JJ ]
but/CC 
[ naive/JJ president/NN ]
of/IN 
[ the/DT United/NNP States/NNPS ]
to/TO administer/VB 
[ the/DT final/JJ infamy/NN ]
upon/IN 
[ those/DT ]

[ who/WP ]
fought/VBD and/CC died/VBD in/IN 
[ Vietnam/NNP ]
./. 

======================================

Under/IN 
[ the/DT guise/NN ]
of/IN ``/`` healing/VBG 
[ the/DT wounds/NNS ]
of/IN 
[ the/DT nation/NN ]
,/, ''/'' 
[ President/NNP Carter/NNP ]
pardoned/VBD 
[ thousands/NNS ]
of/IN 
[ draft/NN evaders/NNS ]
,/, thus/RB giving/VBG 
[ dignity/NN ]
to/TO 
[ their/PRP$ allegations/NNS ]
of/IN 
[ the/DT war/NN 's/POS ]
``/`` 
[ immorality/NN ]
./. 

''/'' 
[ The/DT precedent/NN ]
having/VBG been/VBN set/VBN ,/, 
[ who/WP ]
can/MD complain/VB if/IN 
[ future/JJ generations/NNS ]
called/VBN upon/RB to/TO defend/VB 
[ the/DT U.S./NNP yield/VBP ]
to/TO 
[ the/DT temptation/NN ]
to/TO avoid/VB 
[ the/DT danger/NN ]
of/IN 
[ combat/NN ]
by/IN simply/RB declaring/VBG 
[ the/DT war/NN ]
immoral/JJ and/CC hiding/VBG until/IN 
[ it/PRP ]
is/VBZ over/RP ?/. 

======================================

Finally/RB ,/, 
[ I/PRP ]
think/VBP 
[ it/PRP ]
important/JJ to/TO point/VB out/RP 
[ the/DT ]
extraordinarily/RB 
[ high/JJ visibility/NN ]
of/IN 
[ non-violent/JJ civil/JJ disobedience/NN ]
in/IN 
[ these/DT days/NNS ]
of/IN 
[ intensive/JJ media/NNS coverage/NN ]
./. 

Give/VB 
[ television/NN ]

[ a/DT chance/NN ]
to/TO cover/VB live/RB 
[ any/DT breaking/NN ]
of/IN 
[ the/DT law/NN ]
,/, and/CC 
[ no/DT second/JJ invitation/NN ]
will/MD be/VB required/VBN ./. 

[ This/DT ]
brings/VBZ into/IN 
[ question/NN ]

[ the/DT motives/NNS ]
of/IN 
[ those/DT ]

[ who/WP ]
lead/VBP 
[ civil/JJ disobedience/NN demonstrations/NNS ]
./. 

Do/VBP 
[ they/PRP ]
want/VB 
[ the/DT spotlight/NN ]
for/IN 
[ themselves/PRP ]
or/CC for/IN 
[ their/PRP$ cause/NN ]
?/. 

Here/RB is/VBZ 
[ a/DT good/JJ rule/NN ]
of/IN 
[ thumb/NN ]
:/: If/IN 
[ the/DT movement/NN ]
produced/VBD 
[ the/DT leader/NN ]
,/, 
[ the/DT chance/NN ]
that/IN 
[ he/PRP ]
is/VBZ sincere/JJ is/VBZ much/RB greater/JJR than/IN if/IN 
[ the/DT leader/NN ]
produced/VBD 
[ the/DT movement/NN ]
./. 

In/IN 
[ either/DT case/NN ]
,/, ask/VB 
[ yourself/PRP ]
whether/IN 
[ you/PRP ]
have/VBP become/VBN better/RBR informed/JJ on/IN 
[ the/DT issues/NNS ]
under/IN 
[ protest/NN ]
by/IN watching/VBG 
[ the/DT act/NN ]
of/IN 
[ civil/JJ disobedience/NN ]
./. 

If/IN 
[ you/PRP ]
have/VBP not/RB ,/, 
[ it/PRP ]
is/VBZ probable/JJ that/IN 
[ a/DT thorough/JJ airing/NN ]
of/IN 
[ the/DT dispute/NN ]
by/IN 
[ calm/JJ ]
and/CC 
[ rational/JJ debate/NN ]
would/MD have/VB been/VBN 
[ the/DT better/JJR course/NN ]
./. 

======================================

[ Mr./NNP Agnew/NNP ]
was/VBD vice/NN 
[ president/NN ]
of/IN 
[ the/DT U.S./NNP ]
from/IN 
[ 1969/CD ]
until/IN 
[ he/PRP ]
resigned/VBD in/IN 
[ 1973/CD ]
./. 



======================================

[ Gov./NNP George/NNP Deukmejian/NNP ]
and/CC 
[ key/JJ legislators/NNS ]
agreed/VBD to/TO back/VB 
[ a/DT temporary/JJ one-quarter-cent/JJ increase/NN ]
in/IN 
[ the/DT state/NN sales/NNS ]
tax/NN to/TO raise/VB 
[ $/$ 800/CD million/CD ]
for/IN 
[ repairs/NNS ]
and/CC 
[ relief/NN ]
associated/VBN with/IN 
[ last/JJ month/NN 's/POS earthquake/NN ]
./. 

======================================

[ The/DT tax/NN increase/NN ]
,/, 
[ which/WDT ]
will/MD be/VB considered/VBN at/IN 
[ a/DT special/JJ session/NN ]
of/IN 
[ the/DT state/NN legislature/NN ]

[ that/WDT ]
begins/VBZ 
[ tomorrow/NN ]
,/, would/MD cover/VB 
[ only/JJ part/NN ]
of/IN 
[ the/DT estimated/VBN $/$ 4/CD billion/CD ]
to/TO 
[ $/$ 6/CD billion/CD ]
in/IN 
[ total/JJ damage/NN ]
caused/VBN by/IN 
[ the/DT Oct./NNP 17/CD quake/NN ]
./. 

Aside/RB from/IN as/RB much/JJ as/IN 
[ $/$ 3.45/CD billion/CD ]
in/IN recently/RB approved/VBN 
[ federal/JJ aid/NN ]
,/, 
[ the/DT state/NN ]
is/VBZ expected/VBN to/TO draw/VB from/IN 
[ a/DT gubernatorial/JJ emergency/NN fund/NN ]

[ that/WDT ]
currently/RB stands/VBZ at/IN 
[ an/DT estimated/VBN $/$ 700/CD million/CD ]
./. 

======================================

``/`` 
[ I/PRP ]
am/VBP not/RB aware/JJ that/IN 
[ there/EX ]
is/VBZ 
[ anything/NN ]
but/CC 
[ bipartisan/JJ agreement/NN ]
for/IN 
[ the/DT general/JJ outline/NN ]
''/'' of/IN 
[ the/DT revenue-raising/JJ plan/NN ]
,/, said/VBD 
[ a/DT spokesman/NN ]
for/IN 
[ the/DT governor/NN ]
,/, after/IN 
[ a/DT Monday/NNP meeting/NN ]
with/IN 
[ legislative/JJ leaders/NNS ]
over/IN 
[ the/DT quake-relief/JJ question/NN ]
./. 

======================================

[ The/DT tax/NN increase/NN ]
--/: on/IN 
[ top/NN ]
of/IN 
[ the/DT current/JJ six-cent/JJ ]
per/IN 
[ dollar/NN sales/NNS tax/NN ]
--/: would/MD become/VB 
[ effective/JJ ]

[ this/DT Dec./NNP 1/CD ]
and/CC expire/VB 
[ Dec./NNP 31/CD ]
,/, 
[ 1990/CD ]
./. 

[ The/DT sales-tax/NN plan/NN ]
was/VBD preferred/VBN over/IN 
[ an/DT alternative/NN ]

[ that/WDT ]
would/MD have/VB boosted/VBN 
[ the/DT state/NN gasoline/NN tax/NN ]
./. 

[ Some/DT legislators/NNS ]
expressed/VBD 
[ concern/NN ]
that/IN 
[ a/DT gas-tax/NN increase/NN ]
would/MD take/VB too/RB long/RB and/CC possibly/RB damage/VB 
[ chances/NNS ]
of/IN 
[ a/DT major/JJ gas-tax-increasing/JJ ballot/NN initiative/NN ]
that/IN 
[ voters/NNS ]
will/MD consider/VB 
[ next/JJ June/NNP ]
./. 



======================================

Despite/IN continuing/VBG 
[ problems/NNS ]
in/IN 
[ its/PRP$ newsprint/NN business/NN ]
,/, 
[ Kimberly-Clark/NNP Corp./NNP ]
posted/VBD 
[ a/DT 20/CD %/NN gain/NN ]
in/IN 
[ third-quarter/JJ net/JJ income/NN ]
./. 

======================================

[ The/DT consumer-products/NNS ]
and/CC 
[ newsprint/NN company/NN ]
said/VBD 
[ net/NN ]
rose/VBD to/TO 
[ $/$ 108.8/CD million/CD ]
,/, or/CC 
[ $/$ 1.35/CD ]

[ a/DT share/NN ]
,/, from/IN 
[ $/$ 90.5/CD million/CD ]
,/, or/CC 
[ $/$ 1.12/CD ]

[ a/DT share/NN ]
,/, 
[ a/DT year/NN ]
ago/RB ./. 

[ Sales/NNS ]
rose/VBD 
[ 6.2/CD %/NN ]
to/TO 
[ $/$ 1.45/CD billion/CD ]
from/IN 
[ $/$ 1.37/CD billion/CD ]
./. 

======================================

After/IN 
[ a/DT flat/JJ second/JJ quarter/NN ]
tied/VBN largely/RB to/TO 
[ lower/JJR newsprint/NN earnings/NNS ]
,/, 
[ Kimberly-Clark/NNP ]
attributed/VBD 
[ the/DT gain/NN ]
to/TO 
[ improved/VBN results/NNS ]
in/IN 
[ its/PRP$ consumer/NN businesses/NNS ]
in/IN 
[ North/NNP America/NNP ]
,/, 
[ Brazil/NNP ]
and/CC 
[ Korea/NNP ]
./. 

[ Those/DT gains/NNS ]
came/VBD from/IN 
[ higher/JJR prices/NNS ]
,/, particularly/RB for/IN 
[ disposable/JJ diapers/NNS ]
and/CC 
[ tissue/NN products/NNS ]
,/, and/CC from/IN 
[ increased/VBN sales/NNS ]
,/, primarily/RB for/IN 
[ feminine-care/JJ products/NNS ]
,/, 
[ the/DT company/NN ]
said/VBD ./. 

[ Newsprint/NN results/NNS ]
continued/VBD to/TO be/VB depressed/JJ ,/, 
[ the/DT company/NN ]
added/VBD ,/, because/IN of/IN 
[ industrywide/JJ price/NN ]
discounting/NN ./. 

======================================

[ The/DT quarter-to-quarter/JJ comparison/NN ]
was/VBD also/RB enhanced/VBN by/IN 
[ charges/NNS ]
taken/VBN in/IN 
[ the/DT year-earlier/JJ period/NN ]
,/, including/VBG 
[ $/$ 11/CD million/CD ]
related/JJ to/TO 
[ the/DT modernization/NN ]
of/IN 
[ a/DT pulp/NN ]
and/CC 
[ newsprint/NN mill/NN ]
in/IN 
[ Alabama/NNP ]
./. 

In/IN 
[ the/DT 1989/CD period/NN ]
also/RB ,/, 
[ interest/NN expense/NN ]
and/CC 
[ tax/NN rates/NNS ]
were/VBD lower/JJR than/IN 
[ a/DT year/NN ]
ago/RB ./. 

======================================

In/IN 
[ the/DT first/JJ nine/CD months/NNS ]
,/, 
[ profit/NN ]
rose/VBD 
[ 10/CD %/NN ]
to/TO 
[ $/$ 313.2/CD million/CD ]
,/, or/CC 
[ $/$ 3.89/CD ]

[ a/DT share/NN ]
,/, from/IN 
[ $/$ 283.9/CD million/CD ]
,/, or/CC 
[ $/$ 3.53/CD ]

[ a/DT share/NN ]
./. 

[ Sales/NNS ]
rose/VBD 
[ 6.7/CD %/NN ]
to/TO 
[ $/$ 4.27/CD billion/CD ]
from/IN 
[ $/$ 4/CD billion/CD ]
./. 

======================================

In/IN 
[ New/NNP York/NNP Stock/NNP Exchange/NNP composite/JJ ]
trading/NN ,/, 
[ Kimberly-Clark/NNP ]
closed/VBD at/IN 
[ $/$ 66.50/CD ]

[ a/DT share/NN ]
,/, up/RB 
[ $/$ 1.50/CD ]
./. 



======================================

[ INTENSIVE/JJ AUDITS/NNS ]
are/VBP coming/VBG to/TO 
[ 55,500/CD taxpayers/NNS ]
as/IN 
[ research/NN guinea/NN pigs/NNS ]
./. 

======================================

[ This/DT ]
is/VBZ 
[ the/DT year/NN ]
:/: 
[ Unsuspecting/JJ filers/NNS ]
of/IN 
[ 1988/CD personal/JJ returns/NNS ]
are/VBP being/VBG picked/VBD randomly/RB for/IN 
[ thorough/JJ audits/NN ]
to/TO help/VB 
[ the/DT IRS/NNP ]
update/VB 
[ its/PRP$ criteria/NNS ]
for/IN 
[ enforcement/NN ]
,/, 
[ audit/NN selection/NN ]
,/, and/CC 
[ use/NN ]
of/IN 
[ resources/NNS ]
./. 

[ The/DT last/JJ Taxpayer/NNP Compliance/NNP Measurement/NNP Program/NNP survey/NN ]
covered/VBD 
[ 1985/CD returns/NNS ]
./. 

[ The/DT 1988-return/JJ project/NN ]
starts/VBZ 
[ Jan./NNP 1/CD ]
and/CC is/VBZ to/TO be/VB done/VBN by/IN 
[ May/NNP 31/CD ]
,/, 
[ 1991/CD ]
./. 

Specially/RB trained/JJ 
[ IRS/NNP agents/NNS ]
will/MD look/VB for/IN 
[ under-reported/JJ income/NN ]
and/CC 
[ unsupported/JJ deductions/NNS ]
and/CC 
[ credits/NNS ]
./. 

======================================

[ The/DT agents/NNS ]
will/MD make/VB more/JJR than/IN 
[ routine/JJ inquiries/NNS ]
about/IN 
[ such/JJ items/NNS ]
as/IN 
[ marital/JJ status/NN ]
and/CC 
[ dependents/NNS ]
;/: 
[ they/PRP ]
want/VBP to/TO look/VB at/IN living/NN 
[ standards/NNS ]
and/CC 
[ business/NN assets/NNS ]
./. 

But/CC 
[ they/PRP ]
also/RB are/VBP to/TO see/VB that/IN 
[ taxpayers/NNS ]
get/VBP 
[ all/DT allowable/JJ tax/NN benefits/NNS ]
and/CC to/TO ask/VB if/IN 
[ filers/NNS ]

[ who/WP ]
sought/VBD 
[ IRS/NNP aid/NN ]
were/VBD satisfied/JJ with/IN 
[ it/PRP ]
./. 

[ Courts/NNS ]
have/VBP ruled/VBN that/IN 
[ taxpayers/NNS ]
must/MD submit/VB to/TO 
[ TCMP/NNP audits/NN ]
,/, but/CC 
[ the/DT IRS/NNP ]
will/MD excuse/VB from/IN 
[ the/DT fullscale/JJ rigors/NNS ]

[ anyone/NN ]

[ who/WP ]
was/VBD audited/VBN without/IN 
[ change/NN ]
for/IN 
[ either/DT ]

[ 1986/CD ]
or/CC 
[ 1987/CD ]
./. 

======================================

[ Rewards/NNS ]
have/VBP been/VBN suggested/VBN --/: but/CC never/RB adopted/VBN --/: for/IN 
[ filers/NNS ]

[ who/WP ]
come/VBP through/IN 
[ TCMP/NNP audits/NN ]
without/IN 
[ change/NN ]
./. 

======================================

[ PENALTY/NN OVERHAUL/NN ]
is/VBZ still/RB 
[ likely/JJ ]
,/, 
[ congressional/JJ sources/NNS ]
say/VBP ./. 

======================================

[ Long-debated/JJ proposals/NNS ]
to/TO simplify/VB 
[ the/DT more/JJR ]
than/IN 
[ 150/CD civil/JJ penalties/NNS ]
and/CC make/VB 
[ them/PRP ]
fairer/JJR and/CC easier/JJR to/TO administer/VB are/VBP in/IN 
[ the/DT House/NNP tax/NN bill/NN ]
./. 

But/CC 
[ they/PRP ]
were/VBD stripped/VBN from/IN 
[ the/DT Senate/NNP bill/NN ]
after/IN 
[ staffers/NNS ]
estimated/VBD 
[ penalty/NN revenue/NN ]
would/MD fall/VB by/IN 
[ $/$ 216/CD million/CD ]
over/IN 
[ five/CD years/NNS ]
./. 

Still/RB ,/, 
[ congressional/JJ aides/NNS ]
say/VBP 
[ penalty/NN reform/NN ]
is/VBZ 
[ a/DT strong/JJ candidate/NN ]
for/IN 
[ enactment/NN ]
,/, even/RB if/IN not/RB 
[ this/DT time/NN ]
around/RB ,/, although/IN 
[ some/DT provisions/NNS ]
may/MD be/VB modified/VBN ./. 

======================================

[ Sen./NNP Pryor/NNP ]
 (/( 
[ D./NNP ]
,/, 
[ Ark./NNP ]
 )/) ,/, 
[ a/DT leader/NN ]
on/IN 
[ the/DT issue/NN ]

[ who/WP ]
generally/RB backs/VBZ 
[ the/DT House/NNP plan/NN ]
,/, wants/VBZ 
[ some/DT changes/NNS ]
--/: for/IN 
[ one/CD ]
,/, 
[ separate/JJ sanctions/NNS ]
for/IN 
[ negligence/NN ]
and/CC 
[ large/JJ misstatements/NNS ]
of/IN 
[ tax/NN ]
owed/VBN ,/, not/RB 
[ a/DT single/JJ penalty/NN ]
./. 

[ He/PRP ]
would/MD ease/VB 
[ the/DT proposed/VBN penalties/NNS ]
for/IN 
[ delayed/JJ payroll-tax/NN deposits/NNS ]
and/CC for/IN 
[ faulty/JJ Form/NN 1099/CD ]
and/CC 
[ other/JJ reports/NNS ]
that/IN 
[ taxpayers/NNS ]
correct/VBP voluntarily/RB ./. 

[ The/DT General/NNP Accounting/NNP Office/NNP ]
urges/VBZ 
[ Congress/NNP ]
to/TO ensure/VB that/IN 
[ all/DT penalties/NNS ]
retain/VBP 
[ their/PRP$ force/NN ]
as/IN 
[ deterrents/NNS ]
./. 

======================================

[ TAXPAYERS/NNS ]
'/POS 
[ RIGHTS/NNS ]
are/VBP defined/VBN by/IN 
[ a/DT growing/VBG number/NN ]
of/IN 
[ states/NNS ]
./. 

======================================

[ The/DT 1988/CD tax/NN act/NN ]
created/VBD 
[ a/DT federal/JJ bill/NN ]
of/IN 
[ rights/NNS ]
spelling/VBG out/RP 
[ IRS/NNP duties/NNS ]
to/TO protect/VB 
[ taxpayers/NNS '/POS rights/NNS ]
in/IN 
[ the/DT assessment/NN ]
and/CC 
[ collection/NN ]
of/IN 
[ taxes/NNS ]
./. 

[ States/NNS ]
are/VBP following/VBG 
[ suit/NN ]
./. 

[ California/NNP ]
enacted/VBD 
[ a/DT rights/NNS law/NN ]
in/IN 
[ 1988/CD ]
./. 

In/IN 
[ 1989/CD ]
,/, 
[ Illinois/NNP ]
,/, 
[ Kansas/NNP ]
,/, 
[ Ohio/NNP ]
,/, 
[ Oregon/NNP ]
and/CC 
[ South/NNP Carolina/NNP ]
have/VBP adopted/VBN 
[ rights/NNS laws/NNS ]
,/, 
[ the/DT Federation/NNP ]
of/IN 
[ Tax/NNP Administrators/NNPS ]
,/, 
[ a/DT state/NN officials/NNS '/POS group/NN ]
,/, 
[ reports/VBZ ]
;/: 
[ the/DT features/NNS ]
vary/VBP ./. 

And/CC 
[ taxpayer/NN groups/NNS ]
are/VBP urging/VBG 
[ legislation/NN ]
in/IN 
[ many/JJ other/JJ states/NNS ]
./. 

======================================

[ One/CD group/NN ]
is/VBZ 
[ the/DT Committee/NN ]
on/IN 
[ State/NNP Taxation/NNP ]
,/, 
[ which/WDT ]
comprises/VBZ 
[ 330/CD multistate/NN corporations/NNS ]
and/CC advises/VBZ 
[ the/DT Council/NNP ]
of/IN 
[ State/NNP Chambers/NNPS ]
of/IN 
[ Commerce/NNP ]
./. 

[ The/DT group/NN 's/POS Mark/NNP Cahoon/NNP ]
says/VBZ 
[ its/PRP$ efforts/NNS ]
begun/VBN in/IN 
[ 1989/CD ]
have/VBP led/VBN to/TO 
[ the/DT introduction/NN ]
of/IN 
[ bills/NNS ]
in/IN 
[ Massachusetts/NNP ]
,/, 
[ Minnesota/NNP ]
and/CC 
[ Colorado/NNP ]
to/TO establish/VB 
[ evenhanded/JJ procedures/NNS ]
affecting/VBG 
[ all/DT kinds/NNS ]
of/IN 
[ taxpayers/NNS ]
./. 

[ The/DT group/NN ]
also/RB seeks/VBZ 
[ uniformity/NN ]
among/IN 
[ states/NNS ]
in/IN 
[ provisions/NNS ]
for/IN 
[ taxpayers/NNS '/POS rights/NNS ]
./. 

======================================

[ This/DT week/NN ]
,/, 
[ New/NNP York/NNP City/NNP ]
announced/VBD 
[ a/DT 10-point/JJ policy/NN ]
patterned/VBN on/IN 
[ the/DT federal/JJ bill/NN ]
of/IN 
[ rights/NNS ]
for/IN 
[ taxpayers/NNS ]
./. 

======================================

[ THE/DT MILEAGE/NN RATE/NN ]
allowed/VBN for/IN 
[ business/NN use/NN ]
of/IN 
[ a/DT car/NN ]
in/IN 
[ 1989/CD ]
has/VBZ risen/VBN to/TO 
[ 25.5/CD cents/NNS ]

[ a/DT mile/NN ]
for/IN 
[ the/DT first/JJ 15,000/CD ]
from/IN 
[ 24/CD cents/NNS ]
in/IN 
[ 1988/CD ]
,/, 
[ the/DT IRS/NNP ]
says/VBZ ;/: 
[ the/DT rate/NN ]
stays/VBZ 
[ 11/CD cents/NNS ]
for/IN 
[ each/DT added/VBN mile/NN ]
./. 

Also/RB 
[ unaltered/JJ ]
:/: 
[ 12/CD cents/NNS ]
for/IN 
[ charitable/JJ activities/NNS ]
and/CC 
[ nine/CD cents/NNS ]
for/IN 
[ medical/JJ ]
and/CC 
[ moving/NN costs/NNS ]
./. 

======================================

[ IRA/NNP BALANCES/NNS ]
could/MD be/VB used/VBN to/TO qualify/VB for/IN 
[ bank/NN services/NNS ]
under/IN 
[ a/DT bill/NN ]
entered/VBN by/IN 
[ Reps./NNPS Chandler/NNP ]
 (/( 
[ R./NNP ]
,/, 
[ Wash/NNP ]
./. 

 )/) and/CC 
[ Andrews/NNP ]
 (/( 
[ D./NNP ]
,/, 
[ Texas/NNP ]
 )/) ./. 

[ The/DT bill/NN ]
would/MD thwart/VB 
[ a/DT recent/JJ Labor/NNP Department/NNP opinion/NN ]
that/IN investing/VBG 
[ individual-retirement-account/NN funds/NNS ]
to/TO earn/VB 
[ free/JJ checking/NN ]
violates/VBZ 
[ the/DT law/NN ]
./. 

======================================

[ HUGO/NNP FELLED/VBD vast/JJ timberlands/NNS ]
./. 

[ South/NNP Carolina/NNP 's/POS congressional/JJ delegation/NN ]
has/VBZ entered/VBN 
[ Senate/NNP ]
and/CC 
[ House/NNP bills/NNS ]
to/TO provide/VB 
[ special/JJ casualty-loss/JJ treatment/NN ]
and/CC 
[ other/JJ tax/NN relief/NN ]
for/IN 
[ timber/NN growers/NNS ]
in/IN 
[ the/DT hurricane/NN disaster/NN areas/NNS ]
./. 

======================================

[ HE/PRP ]

[ RODE/VBD HIS/PRP$ HOBBY/NN ]
,/, but/CC 
[ he/PRP ]
could/MD n't/RB milk/VB 
[ it/PRP ]
,/, 
[ the/DT Tax/NNP Court/NNP ]
says/VBZ ./. 

======================================

[ The/DT court/NN ]
often/RB weighs/VBZ 
[ deductions/NNS ]
of/IN 
[ sideline-business/JJ costs/NNS ]
:/: Do/VBP 
[ they/PRP ]
stem/VB from/IN 
[ a/DT profit-seeking/JJ activity/NN ]
or/CC 
[ a/DT nondeductible/JJ hobby/NN ]
?/. 

But/CC 
[ it/PRP ]
's/VBZ rare/JJ to/TO see/VB 
[ both/DT ]

[ functions/NNS ]
in/IN 
[ one/CD case/NN ]
./. 

[ Charles/NNP O./NNP Givens/NNP ]
of/IN 
[ Mount/NNP Vernon/NNP ]
,/, 
[ Ind./NNP -/: investment/NN broker/NN ]
,/, 
[ ex-accountant/NN ]
,/, and/CC 
[ son/NN ]
of/IN 
[ a/DT former/JJ stable/NN owner/NN -/: bred/VBD Tennessee/NNP Walking/VBG Horses/NNS ]
for/IN 
[ six/CD years/NNS ]
,/, raised/VBD 
[ cattle/NNS ]
for/IN 
[ four/CD ]
,/, and/CC never/RB made/VBD 
[ a/DT profit/NN ]
on/IN 
[ either/DT ]
./. 

[ He/PRP ]
claimed/VBD 
[ losses/NNS ]
totaling/VBG 
[ $/$ 42,455/CD ]
--/: and/CC 
[ the/DT IRS/NNP ]
denied/VBD 
[ them/PRP ]

[ all/DT ]
./. 

======================================

[ Special/JJ Judge/NNP Galloway/NNP ]
noted/VBD that/IN 
[ Givens/NNP ]
managed/VBD 
[ horse-breeding/NN ]
in/IN 
[ a/DT businesslike/JJ way/NN ]
:/: 
[ He/PRP ]
kept/VBD detailed/JJ 
[ accounts/NNS ]
,/, practiced/VBD 
[ soil/NN conservation/NN ]
,/, enhanced/VBD 
[ his/PRP$ experience/NN ]
by/IN consulting/VBG 
[ experts/NNS ]
,/, spent/VBD 
[ several/JJ hours/NNS ]

[ a/DT day/NN ]
doing/VBG 
[ chores/NNS ]
,/, and/CC dropped/VBD 
[ the/DT sideline/NN ]
when/WRB 
[ his/PRP$ best/JJS brood/NN mare/NN ]
died/VBD ./. 

Yet/CC 
[ he/PRP ]
took/VBD 
[ little/RB businesslike/JJ care/NN ]
with/IN 
[ his/PRP$ cattle/NNS ]
:/: 
[ He/PRP ]
had/VBD 
[ no/DT prior/JJ experience/NN ]
and/CC did/VBD n't/RB seek/VB 
[ business/NN counsel/NN ]
about/IN 
[ them/PRP ]
./. 

======================================

[ The/DT judge/NN ]
said/VBD 
[ Givens/NNP ]
may/MD deduct/VB 
[ his/PRP$ $/$ 30,180/CD ]
of/IN 
[ losses/NNS ]
from/IN 
[ horse/NN breeding/NN ]
,/, but/CC rejected/VBD 
[ the/DT $/$ 12,275/CD ]
in/IN 
[ deductions/NNS ]
from/IN 
[ the/DT cattle/NNS operation/NN ]
./. 

======================================

[ BRIEFS/NNS ]
:/: 
[ The/DT IRS/NNP ]
already/RB is/VBZ doing/VBG 
[ intensive/JJ TCMP/NNP audits/NN ]
of/IN 
[ 19,000/CD returns/NNS ]
for/IN 
[ 1987/CD ]
and/CC 
[ fiscal/JJ 1988/CD ]
filed/VBN by/IN 
[ corporations/NNS ]
with/IN under/IN 
[ $/$ 10/CD million/CD ]
in/IN 
[ assets/NNS ]
.../: ./. 

[ President/NNP Bush/NNP ]
says/VBZ 
[ he/PRP ]
will/MD name/VB 
[ Donald/NNP E./NNP Kirkendall/NNP ]
to/TO 
[ the/DT new/JJ Treasury/NNP post/NN ]
of/IN 
[ inspector/NN general/NN ]
,/, 
[ which/WDT ]
has/VBZ 
[ responsibilities/NNS ]
for/IN 
[ the/DT IRS/NNP ]
.../: ./. 

[ The/DT U.S./NNP ]
and/CC 
[ Finland/NNP ]
signed/VBD 
[ an/DT income-tax/NN treaty/NN ]
,/, 
[ subject/JJ ]
to/TO 
[ ratification/NN ]
./. 



======================================

[ An/DT arbitrator/NN ]
awarded/VBD 
[ Eastern/NNP Airlines/NNPS ]
pilots/NNS between/IN 
[ $/$ 60/CD million/CD ]
and/CC 
[ $/$ 100/CD million/CD ]
in/IN 
[ back/JJ pay/NN ]
,/, 
[ a/DT decision/NN ]

[ that/WDT ]
could/MD complicate/VB 
[ the/DT carrier/NN 's/POS bankruptcy-law/NN reorganization/NN ]
./. 

======================================

[ Eastern/NNP ]
,/, 
[ a/DT unit/NN ]
of/IN 
[ Texas/NNP Air/NNP Corp./NNP ]
,/, said/VBD 
[ it/PRP ]
is/VBZ examining/VBG 
[ the/DT ruling/NN ]
to/TO determine/VB if/IN 
[ it/PRP ]
can/MD appeal/VB ./. 

======================================

[ It/PRP ]
's/VBZ unclear/JJ whether/IN 
[ Eastern/NNP ]
will/MD succeed/VB in/IN overturning/VBG 
[ the/DT arbitrator/NN 's/POS decision/NN ]
,/, made/VBN in/IN 
[ a/DT long-simmering/JJ ]
``/`` 
[ pay/NN parity/NN ]
''/'' 
[ dispute/NN ]

[ that/WDT ]
predates/VBZ 
[ both/DT ]

[ the/DT carrier/NN 's/POS Chapter/NN 11/CD petition/NN ]
and/CC 
[ its/PRP$ 1986/CD acquisition/NN ]
by/IN 
[ Texas/NNP Air/NNP ]
./. 

[ All/DT Eastern/NNP 's/POS previous/JJ court/NN efforts/NNS ]
to/TO 
[ head/VB ]
off/RP 
[ the/DT pilots/NNS '/POS demands/NNS ]
have/VBP failed/VBN ./. 

======================================

[ An/DT Eastern/NNP spokesman/NN ]
said/VBD 
[ he/PRP ]
does/VBZ n't/RB expect/VB that/IN 
[ the/DT arbitrator/NN 's/POS ruling/NN ]
``/`` will/MD have/VB 
[ any/DT overall/JJ material/JJ effect/NN ]
on/IN 
[ the/DT company/NN 's/POS strategic/JJ plan/NN ]
./. 

''/'' 
======================================

[ Bankruptcy/NN experts/NNS ]
said/VBD 
[ the/DT law/NN ]
is/VBZ n't/RB clear/JJ on/IN how/WRB 
[ such/JJ an/DT arbitration/NN ruling/NN ]
can/MD affect/VB 
[ a/DT company/NN 's/POS case/NN ]
./. 

Like/IN 
[ any/DT other/JJ creditor/NN ]
,/, 
[ the/DT pilots/NNS ]
will/MD have/VB to/TO apply/VB to/TO 
[ the/DT court/NN ]
for/IN 
[ payment/NN ]
of/IN 
[ their/PRP$ claim/NN ]
./. 

======================================

[ That/DT ]
may/MD leave/VB 
[ a/DT lot/NN ]
of/IN 
[ leeway/NN ]
for/IN 
[ U.S./NNP Bankruptcy/NNP Judge/NNP Burton/NNP R./NNP Lifland/NNP ]
to/TO decide/VB 
[ what/WP ]
,/, if/IN 
[ anything/NN ]
,/, 
[ the/DT pilots/NNS ]
actually/RB collect/VBP ./. 

In/IN 
[ August/NNP ]
,/, 
[ he/PRP ]
issued/VBD 
[ the/DT ruling/NN ]

[ that/WDT ]
let/VBD 
[ the/DT pilots/NNS ]
pursue/VB 
[ their/PRP$ back-pay/NN grievance/NN ]
before/IN 
[ the/DT arbitrator/NN ]
./. 

[ The/DT pilots/NNS '/POS contract/NN ]
with/IN 
[ Eastern/NNP ]
calls/VBZ for/IN 
[ a/DT ]
mutually/RB 
[ acceptable/JJ private/JJ arbitrator/NN ]
to/TO resolve/VB 
[ such/JJ grievances/NNS ]
./. 

======================================

In/IN 
[ a/DT statement/NN ]
to/TO 
[ employees/NNS ]
,/, 
[ Eastern/NNP ]
said/VBD 
[ the/DT company/NN ]
was/VBD disappointed/JJ by/IN 
[ the/DT ruling/NN ]
./. 

``/`` 
[ The/DT obligation/NN ]
is/VBZ totally/RB 
[ unwarranted/JJ ]
,/, ''/'' 
[ the/DT statement/NN ]
said/VBD ./. 

======================================

[ James/NNP Linsey/NNP ]
,/, 
[ a/DT lawyer/NN ]
for/IN 
[ the/DT Air/NNP Line/NNP Pilots/NNPS Association/NNP ]
,/, said/VBD 
[ the/DT pilots/NNS ]
were/VBD extremely/RB pleased/JJ ./. 

``/`` 
[ This/DT ]
is/VBZ 
[ a/DT blow/NN ]
not/RB only/RB to/TO 
[ Eastern/NNP ]
but/CC to/TO 
[ the/DT creditors/NNS committee/NN ]
,/, ''/'' 
[ he/PRP ]
said/VBD ./. 

======================================

[ Eastern/NNP 's/POS creditors/NNS committee/NN ]
,/, along/IN with/IN 
[ the/DT company/NN ]
,/, has/VBZ consistently/RB opposed/VBN 
[ the/DT pilots/NNS '/POS claim/NN ]
,/, 
[ which/WDT ]
if/IN paid/VBN would/MD have/VB to/TO come/VB out/IN of/IN 
[ money/NN ]

[ both/DT ]
hope/VBP to/TO use/VB to/TO pay/VB off/RP 
[ other/JJ bankruptcy/NN claims/NNS ]
./. 

======================================

[ Eastern/NNP ]
and/CC 
[ its/PRP$ creditors/NNS ]
are/VBP in/IN 
[ the/DT final/JJ ]
,/, 
[ delicate/JJ stages/NNS ]
of/IN negotiating/VBG 
[ a/DT second/JJ reorganization/NN plan/NN ]
to/TO pay/VB off/RP 
[ the/DT airline/NN 's/POS debts/NNS ]
./. 

[ An/DT earlier/JJR plan/NN ]
,/, 
[ which/WDT ]
had/VBD received/VBN 
[ the/DT creditors/NNS '/POS approval/NN ]
in/IN 
[ July/NNP ]
,/, fell/VBD apart/RB when/WRB 
[ Eastern/NNP ]
changed/VBD 
[ its/PRP$ business/NN plan/NN ]
./. 

[ It/PRP ]
is/VBZ n't/RB known/JJ whether/IN 
[ the/DT pilot/NN claim/NN ]
was/VBD figured/VBN into/IN 
[ either/DT plan/NN ]
./. 

======================================

[ The/DT dispute/NN ]
between/IN 
[ Eastern/NNP ]
and/CC 
[ its/PRP$ pilots/NNS ]
is/VBZ over/IN 
[ a/DT ]
``/`` 
[ pay/NN parity/NN ]
''/'' 
[ clause/NN ]
in/IN 
[ the/DT pilots/NNS '/POS contract/NN ]
./. 

[ The/DT clause/NN ]
was/VBD 
[ part/NN ]
of/IN 
[ an/DT agreement/NN ]
in/IN 
[ which/WDT pilots/NNS ]
accepted/VBD 
[ a/DT substantial/JJ pay/NN ]
cut/NN as/RB long/RB as/IN 
[ no/DT other/JJ labor/NN group/NN ]
got/VBD 
[ a/DT raise/NN ]
./. 

======================================

Shortly/RB after/IN 
[ Texas/NNP Air/NNP ]
took/VBD 
[ control/NN ]
of/IN 
[ Eastern/NNP ]
,/, 
[ some/DT Machinists/NNS union/NN supervisors/NNS ]
received/VBD 
[ a/DT 20/CD %/NN pay/NN raise/NN ]
./. 

[ The/DT pilots/NNS ]
argued/VBD that/IN 
[ this/DT ]
triggered/VBD 
[ a/DT pay/NN ]
raise/NN for/IN 
[ them/PRP ]
./. 

[ Eastern/NNP ]
has/VBZ disputed/VBN 
[ the/DT claim/NN ]
,/, but/CC 
[ a/DT federal/JJ district/NN court/NN ]
,/, 
[ an/DT appeals/NNS court/NN ]
and/CC now/RB 
[ the/DT arbitrator/NN ]
have/VBP 
[ all/DT ]
sided/VBN with/IN 
[ the/DT pilots/NNS ]
./. 

======================================

[ The/DT two/CD sides/NNS ]
do/VBP n't/RB even/RB agree/VB about/IN how/WRB 
[ much/JJ money/NN ]
is/VBZ at/IN 
[ issue/NN ]
./. 

[ The/DT pilots/NNS ]
put/VBD 
[ the/DT amount/NN ]
as/RB high/JJ as/IN 
[ $/$ 100/CD million/CD ]
,/, 
[ the/DT company/NN ]
at/IN 
[ $/$ 65/CD million/CD ]
./. 

======================================

[ Another/DT arbitrator/NN ]
is/VBZ hearing/VBG 
[ another/DT pay/NN parity/NN case/NN ]
between/IN 
[ Eastern/NNP ]
and/CC 
[ its/PRP$ pilots/NNS ]
,/, resulting/VBG from/IN 
[ a/DT similar/JJ set/NN ]
of/IN 
[ circumstances/NNS ]
involving/VBG 
[ a/DT separate/JJ pay/NN ]
raise/NN granted/VBN 
[ another/DT union/NN ]
./. 

[ A/DT decision/NN ]
on/IN 
[ that/DT case/NN ]
is/VBZ n't/RB expected/VBN before/IN 
[ mid-November/NNP ]
./. 

======================================

Ironically/RB ,/, 
[ many/JJ ]
of/IN 
[ the/DT pilots/NNS ]
involved/VBN have/VBP left/VBN 
[ Eastern/NNP ]
or/CC are/VBP still/RB striking/VBG 
[ the/DT carrier/NN ]
,/, 
[ which/WDT ]
filed/VBD for/IN 
[ bankruptcy/NN protection/NN March/NNP 9/CD ]
./. 

About/IN 
[ 800/CD ]
have/VBP crossed/VBN 
[ the/DT picket/NN lines/NNS ]
and/CC returned/VBN to/TO work/VB ./. 



======================================

[ Few/JJ people/NNS ]
in/IN 
[ the/DT advertising/NN business/NN ]
have/VBP raised/VBN as/IN 
[ many/JJ hackles/NNS ]
as/IN 
[ Alvin/NNP A./NN Achenbaum/NNP ]
./. 

[ The/DT general/JJ public/NN ]
may/MD not/RB know/VB 
[ his/PRP$ name/NN ]
,/, but/CC 
[ he/PRP ]
's/VBZ famous/JJ --/: make/VB 
[ that/DT infamous/JJ ]
--/: in/IN advertising/NN 
[ circles/NNS ]
:/: 
[ A/DT marketing/VBG consultant/NN ]
,/, 
[ he/PRP ]
pioneered/VBD 
[ slashing/VBG ad/NN agency/NN commissions/NNS ]
,/, to/TO 
[ the/DT delight/NN ]
of/IN advertising/NN 
[ clients/NNS ]
and/CC 
[ the/DT dismay/NN ]
of/IN 
[ agencies/NNS ]
./. 

======================================

Now/RB ,/, after/IN beating/VBG 
[ them/PRP ]
,/, 
[ Mr./NNP Achenbaum/NNP ]
is/VBZ joining/VBG 
[ them/PRP ]
./. 

[ Backer/NNP Spielvogel/NNP Bates/NNP Worldwide/NNP ]
named/VBD 
[ Mr./NNP Achenbaum/NNP ]
,/, 
[ 62/CD ]
,/, 
[ vice/NN chairman/NN ]
of/IN 
[ professional/JJ services/NNS ]
,/, reporting/VBG directly/RB to/TO 
[ Carl/NNP Spielvogel/NNP ]
,/, 
[ chairman/NN ]
and/CC 
[ chief/JJ executive/NN officer/NN ]
./. 

[ He/PRP ]
joins/VBZ 
[ Nov./NNP 13/CD ]
,/, dissolving/VBG 
[ his/PRP$ consulting/VBG firm/NN ]
,/, 
[ Canter/NNP ]
,/, 
[ Achenbaum/NNP Associates/NNPS ]
./. 

======================================

In/IN 
[ years/NNS past/RB ]
,/, 
[ the/DT ad/NN industry/NN ]
's/POS most/RBS distinguished/JJ 
[ executives/NNS ]
did/VBD n't/RB hesitate/VB to/TO excorciate/VB 
[ Mr./NNP Achenbaum/NNP ]
./. 

[ They/PRP ]
have/VBP since/RB mellowed/VBN ,/, although/IN 
[ one/CD senior/JJ Young/NNP ]
&/CC 
[ Rubicam/NNP executive/NN ]
,/, echoing/VBG 
[ others/NNS ]
,/, said/VBD :/: ``/`` 
[ I/PRP ]
think/VBP 
[ ad/NN agencies/NNS ]
owe/VBP 
[ Carl/NNP ]
 {/( 
[ Spielvogel/NNP ]
 }/) 
[ a/DT vote/NN ]
of/IN 
[ thanks/NNS ]
for/IN getting/VBG 
[ him/PRP ]
out/IN of/IN 
[ the/DT consulting/NN business/NN ]
./. 

''/'' 
======================================

But/CC 
[ industry/NN executives/NNS ]
also/RB believe/VBP hiring/VBG 
[ Mr./NNP Achenbaum/NNP ]
is/VBZ 
[ a/DT shrewd/JJ move/NN ]
for/IN 
[ Backer/NNP Spielvogel/NNP ]
,/, 
[ a/DT unit/NN ]
of/IN 
[ Saatchi/NNP ]
&/CC 
[ Saatchi/NNP ]
./. 

[ Mr./NNP Achenbaum/NNP ]
has/VBZ counted/VBN among/IN 
[ his/PRP$ clients/NNS ]

[ some/DT ]
of/IN 
[ the/DT most/RBS visible/JJ blue-chip/JJ advertisers/NNS ]
in/IN 
[ the/DT country/NN ]
,/, including/VBG 
[ Nissan/NNP ]
,/, 
[ Toyota/NNP ]
,/, 
[ Seagram/NNP ]
and/CC 
[ Backer/NNP Spielvogel/NNP clients/NNS Hyundai/NNP ]
and/CC 
[ J.P./NNP Morgan/NNP ]
./. 

At/IN 
[ Backer/NNP Spielvogel/NNP ]
,/, 
[ he/PRP ]
will/MD work/VB with/IN 
[ clients/NNS ]
and/CC 
[ potential/JJ clients/NNS ]
on/IN 
[ marketing/NN strategies/NNS ]
;/: aside/RB from/IN 
[ agency/NN compensation/NN issues/NNS ]
,/, 
[ he/PRP ]
helped/VBD 
[ Nissan/NNP ]
,/, for/IN 
[ example/NN ]
,/, come/VB up/RB with/IN 
[ its/PRP$ ]
positioning/NN and/CC pricing/NN for/IN 
[ its/PRP$ new/JJ Infiniti/NNP line/NN ]
./. 

======================================

[ His/PRP$ client/NN contacts/NNS ]
,/, meanwhile/RB ,/, could/MD prove/VB 
[ a/DT gold/NN mine/NN ]
for/IN 
[ an/DT agency/NN ]

[ that/WDT ]
has/VBZ had/VBN 
[ few/JJ new/JJ business/NN ]
wins/NNS of/IN late/RB ./. 

``/`` 
[ I/PRP ]
've/VBP done/VBN over/IN 
[ 40/CD ad/NN agency/NN searches/NNS ]
 {/( for/IN 
[ clients/NNS ]
 }/) ,/, so/RB 
[ I/PRP ]
have/VBP 
[ a/DT pretty/RB good/JJ notion/NN ]
of/IN 
[ what/WP clients/NNS ]
are/VBP interested/JJ in/IN when/WRB 
[ they/PRP ]
look/VBP for/IN 
[ an/DT agency/NN ]
,/, ''/'' 
[ Mr./NNP Achenbaum/NNP ]
said/VBD ./. 

As/IN 
[ a/DT consultant/NN ]
,/, 
[ he/PRP ]
has/VBZ given/VBN 
[ seminars/NNS ]
at/IN 
[ agencies/NNS ]
including/VBG 
[ Ogilvy/NNP ]
&/CC 
[ Mather/NNP ]
on/IN how/WRB to/TO win/VB 
[ new/JJ business/NN ]
./. 

======================================

[ Mr./NNP Spielvogel/NNP ]
said/VBD 
[ he/PRP ]
hopes/VBZ 
[ Mr./NNP Achenbaum/NNP ]
will/MD do/VB 
[ some/DT strategic/JJ ]
consulting/NN at/IN 
[ the/DT agency/NN ]
for/IN ``/`` 
[ non-clients/NNS ]
,/, in/IN 
[ hopes/NNS ]
that/IN 
[ they/PRP ]
become/VBP 
[ clients/NNS ]
./. 

''/'' 
======================================

At/IN 
[ Backer/NNP Spielvogel/NNP ]
,/, 
[ Mr./NNP Spielvogel/NNP 's/POS hallmark/NN ]
has/VBZ been/VBN 
[ personal/JJ involvement/NN ]
with/IN 
[ all/DT major/JJ clients/NNS ]
./. 

[ He/PRP ]
pampers/VBZ 
[ them/PRP ]
;/: 
[ he/PRP ]
invites/VBZ 
[ them/PRP ]
to/TO 
[ fabulous/JJ parties/NNS ]
;/: 
[ he/PRP ]
strokes/VBZ 
[ them/PRP ]
./. 

[ Mr./NNP Achenbaum/NNP ]
,/, too/RB ,/, 
[ delves/VBZ ]
into/IN 
[ his/PRP$ clients/NNS '/POS business/NN ]
./. 

``/`` 
[ Carl/NNP ]
has/VBZ 
[ a/DT much/RB higher/JJR degree/NN ]
of/IN 
[ intimacy/NN ]
with/IN 
[ his/PRP$ clients/NNS ]
than/IN is/VBZ ordinary/JJ for/IN 
[ an/DT agency/NN his/PRP$ size/NN ]
./. 

And/CC with/IN 
[ Al/NNP 's/POS record/NN ]
of/IN being/VBG 
[ a/DT delver/NN ]
and/CC 
[ a/DT detail/NN guy/NN ]
,/, 
[ you/PRP ]
can/MD see/VB how/WRB 
[ the/DT two/CD fit/VBP ]
,/, ''/'' said/VBD 
[ Alan/NNP Gottesman/NNP ]
,/, 
[ an/DT analyst/NN ]
with/IN 
[ PaineWebber/NNP ]
./. 

======================================

[ Mr./NNP Achenbaum/NNP 's/POS move/NN ]
follows/VBZ 
[ the/DT announcement/NN last/JJ month/NN ]
that/IN 
[ his/PRP$ consulting/VBG partner/NN ]
,/, 
[ Stanley/NNP Canter/NNP ]
,/, 
[ 66/CD ]
,/, would/MD retire/VB ./. 

When/WRB 
[ the/DT announcement/NN ]
came/VBD out/RB ,/, ``/`` 
[ I/PRP ]
picked/VBD up/RP 
[ the/DT phone/NN ]
and/CC said/VBD ,/, `/`` Why/WRB do/VBP n't/RB 
[ you/PRP ]
come/VB to/TO 
[ us/PRP ]
?/. 

'/'' ''/'' 
[ Mr./NNP Spielvogel/NNP ]
said/VBD ./. 

======================================

[ Mr./NNP Achenbaum/NNP ]
,/, 
[ who/WP ]
had/VBD been/VBN considering/VBG 
[ paring/VBG ]
down/RP 
[ his/PRP$ firm/NN ]
or/CC merging/VBG 
[ it/PRP ]
with/IN 
[ another/DT small/JJ consulting/NN outfit/NN ]
,/, soon/RB agreed/VBD ./. 

[ The/DT two/CD men/NNS ]
are/VBP 
[ longtime/JJ friends/NNS ]
and/CC 
[ tennis/NN partners/NNS ]
,/, having/VBG met/VBN about/IN 
[ 25/CD years/NNS ]
ago/RB ./. 

======================================

Before/IN becoming/VBG 
[ a/DT consultant/NN ]
in/IN 
[ 1974/CD ]
,/, 
[ Mr./NNP Achenbaum/NNP ]
was/VBD 
[ a/DT senior/JJ executive/NN ]
at/IN 
[ J./NNP Walter/NNP Thompson/NNP Co/NNP ]
./. 

[ He/PRP ]
spent/VBD most/JJS of/IN 
[ his/PRP$ career/NN ]
formulating/VBG 
[ marketing/NN strategies/NNS ]
,/, but/CC became/VBD 
[ best-known/JJS ]
for/IN chipping/VBG away/RB at/IN 
[ ad/NN agency/NN compensation/NN ]
./. 

======================================

[ Ad/NN agencies/NNS ]
typically/RB earned/VBD 
[ a/DT straight/JJ 15/CD %/NN commission/NN ]
;/: if/IN 
[ a/DT client/NN ]
spent/VBN 
[ $/$ 100/CD million/CD ]
on/IN 
[ TV/NN time/NN ]
,/, 
[ the/DT agency/NN ]
made/VBD 
[ $/$ 15/CD million/CD ]
./. 

But/CC 
[ Mr./NNP Achenbaum/NNP ]
pioneered/VBD negotiated/JJ 
[ fees/NNS ]
,/, 
[ which/WDT ]
often/RB worked/VBD out/RB to/TO less/JJR than/IN 
[ 15/CD %/NN ]
./. 

More/RBR recently/RB ,/, 
[ he/PRP ]
negotiated/VBD ``/`` 
[ indemnification/NN ]
''/'' 
[ clauses/NNS ]
in/IN 
[ which/WDT ]

[ an/DT ad/NN agency/NN ]
in/IN 
[ some/DT cases/NNS ]
must/MD pay/VB 
[ a/DT client/NN ]
if/IN 
[ it/PRP ]
drops/VBZ 
[ the/DT account/NN ]
./. 

======================================

[ He/PRP ]
ultimately/RB became/VBD so/RB well-known/JJ for/IN 
[ cutting/VBG compensation/NN ]
,/, however/RB ,/, that/IN 
[ clients/NNS ]
did/VBD n't/RB seek/VB 
[ him/PRP ]
out/RP for/IN 
[ anything/NN ]
else/JJ ./. 

``/`` 
[ I/PRP ]
was/VBD very/RB frustrated/JJ ,/, ''/'' 
[ he/PRP ]
said/VBD ./. 

``/`` 
[ The/DT fact/NN ]
of/IN 
[ the/DT matter/NN ]
is/VBZ ,/, 
[ I/PRP ]
am/VBP 
[ a/DT marketer/NN ]
./. 

[ That/DT ]
's/VBZ 
[ another/DT reason/NN ]
 {/( for/IN 
[ the/DT Backer/NNP Spielvogel/NNP job/NN ]
 }/) ./. 

[ It/PRP ]
struck/VBD 
[ me/PRP ]
as/IN 
[ a/DT way/NN ]
to/TO get/VB back/RB to/TO 
[ what/WP ]

[ I/PRP ]
really/RB want/VBP to/TO do/VB ./. 

''/'' 
======================================

[ Mr./NNP Spielvogel/NNP ]
added/VBD pointedly/RB :/: ``/`` 
[ The/DT pressure/NN ]
on/IN 
[ commissions/NNS ]
did/VBD n't/RB begin/VB with/IN 
[ Al/NNP Achenbaum/NNP ]
./. 

''/'' 
======================================

[ Mr./NNP Spielvogel/NNP ]
said/VBD 
[ Mr./NNP Achenbaum/NNP ]
will/MD work/VB with/IN 
[ clients/NNS ]
to/TO determine/VB 
[ the/DT mix/NN ]
of/IN 
[ promotion/NN ]
,/, merchandising/NN ,/, 
[ publicity/NN ]
and/CC
[ other/JJ marketing/VBG outlets/NNS ]
,/, and/CC to/TO integrate/VB 
[ those/DT services/NNS ]
./. 

[ He/PRP ]
will/MD concentrate/VB on/IN ,/, among/IN 
[ others/NNS ]
,/, 
[ J.P./NNP Morgan/NNP ]
and/CC 
[ Hyundai/NNP ]
./. 

[ Mr./NNP Achenbaum/NNP ]
helped/VBD 
[ Morgan/NNP ]
in/IN 
[ its/PRP$ recent/JJ agency/NN search/NN ]
,/, and/CC 
[ he/PRP ]
has/VBZ 
[ a/DT long/JJ relationship/NN ]
with/IN 
[ Hyundai/NNP ]
,/, 
[ which/WDT ]
is/VBZ having/VBG 
[ severe/JJ troubles/NNS ]
,/, including/VBG 
[ declining/VBG sales/NNS ]
./. 

======================================

``/`` 
[ The/DT trail/NN ]
of/IN 
[ revenue/NN ]
is/VBZ increasingly/RB going/VBG away/RB from/IN 
[ pure/JJ ]
advertising/NN ,/, and/CC going/VBG towards/IN 
[ other/JJ services/NNS ]
,/, ''/'' 
[ Mr./NNP Spielvogel/NNP ]
said/VBD ./. 

Instead/RB of/IN being/VBG just/RB 
[ an/DT ad/NN agency/NN ]
,/, 
[ he/PRP ]
said/VBD :/: ``/`` 
[ We/PRP ]
have/VBP redefined/VBD 
[ our/PRP$ mission/NN ]
here/RB ./. 

[ Our/PRP$ mission/NN ]
is/VBZ to/TO help/VB 
[ our/PRP$ clients/NNS ]
grow/VB ,/, and/CC to/TO use/VB 
[ every/DT tool/NN ]
of/IN marketing/NN 
[ communications/NNS ]
to/TO accomplish/VB 
[ that/DT ]
./. 

''/'' 
======================================

[ Industry/NN executives/NNS ]
are/VBP wishing/VBG 
[ Mr./NNP Achenbaum/NNP ]
well/RB ./. 

[ Leonard/NNP Matthews/NNP ]
,/, 
[ then-president/JJ ]
of/IN 
[ the/DT American/NNP Association/NNP ]
of/IN 
[ Advertising/NNP Agencies/NNPS ]
,/, called/VBD 
[ Mr./NNP Achenbaum/NNP ]

[ a/DT ]
``/`` 
[ quisling/NN ]
''/'' in/IN 
[ an/DT incendiary/JJ 1987/CD speech/NN ]
./. 

[ Yesterday/NN ]
,/, 
[ Mr./NNP Matthews/NNP ]
,/, now/RB 
[ a/DT consultant/NN ]
with/IN 
[ the/DT Stamford/NNP ]
,/, 
[ Conn./NNP ]
,/, 
[ firm/NN Matthews/NNP ]
&/CC 
[ Johnston/NNP ]
,/, 
[ quipped/VBD ]
,/, ``/`` 
[ I/PRP ]
think/VBP 
[ he/PRP ]
'll/MD be/VB very/RB good/JJ at/IN 
[ that/DT ]
 {/( 
[ new/JJ job/NN ]
 }/) ./. 

And/CC much/RB better/JJR at/IN that/DT than/IN at/IN {/( 
[ the/DT price-cutting/NN ]
 }/) 
[ he/PRP ]
's/VBZ been/VBN doing/VBG recently/RB ./. 

''/'' 
======================================

[ Cotton/NNP Inc/NNP ]
./. 

[ Campaign/NN ]

======================================

[ Cotton/NNP Inc./NNP ]
,/, 
[ the/DT fiber/NN company/NN ]

[ that/WDT ]
represents/VBZ 
[ cotton/NN growers/NNS ]
,/, will/MD begin/VB 
[ a/DT new/JJ ad/NN campaign/NN ]
,/, developed/VBN by/IN 
[ Ogilvy/NNP ]
&/CC 
[ Mather/NNP ]
,/, 
[ Thanksgiving/NNP Day/NNP ]
./. 

======================================

[ J./NNP Nicholas/NNP Hahn/NNP ]
,/, 
[ Cotton/NNP Inc./NNP 's/POS president/NN ]
and/CC 
[ chief/JJ executive/NN ]
,/, was/VBD 
[ an/DT outspoken/JJ critic/NN ]
of/IN 
[ WPP/NNP Group/NNP 's/POS acquisition/NN ]
of/IN 
[ Ogilvy/NNP Group/NNP ]
earlier/RBR 
[ this/DT year/NN ]
./. 

During/IN 
[ the/DT takeover/NN ]
,/, 
[ Mr./NNP Hahn/NNP ]
said/VBD 
[ he/PRP ]
would/MD put/VB 
[ his/PRP$ account/NN ]
up/RP for/IN 
[ review/NN ]
if/IN 
[ WPP/NNP 's/POS bid/NN ]
were/VBD successful/JJ ,/, but/CC 
[ he/PRP ]
did/VBD n't/RB ./. 

======================================

[ Cotton/NNP Inc./NNP 's/POS new/JJ $/$ 9/CD million/CD campaign/NN ]
calls/VBZ 
[ cotton/NN ]

[ the/DT ]
``/`` 
[ Fabric/NN ]
of/IN 
[ Our/PRP$ Lives/NNS ]
./. 

''/'' 
[ The/DT campaign/NN ]
replaces/VBZ 
[ its/PRP$ ]
``/`` Take/VB 
[ Comfort/NN ]
in/IN 
[ Cotton/NN ]
''/'' 
[ ads/NNS ]
and/CC marks/VBZ 
[ the/DT end/NN ]
of/IN 
[ its/PRP$ national/JJ cooperative/JJ advertising/NN efforts/NNS ]
./. 

For/IN 
[ years/NNS ]
,/, 
[ the/DT company/NN 's/POS ads/NNS ]
were/VBD tied/VBN in/RB with/IN 
[ pitches/NNS ]
for/IN 
[ Cannon/NNP sheets/NNS ]
or/CC 
[ Martex/NNP towels/NNS ]
,/, for/IN 
[ example/NN ]
,/, and/CC 
[ an/DT announcer/NN ]
at/IN 
[ the/DT end/NN ]
of/IN 
[ the/DT ads/NNS ]
would/MD tell/VB 
[ customers/NNS ]
where/WRB to/TO ``/`` find/VB 
[ the/DT true/JJ performance/NN label/NN ]
./. 

''/'' 
======================================

With/IN 
[ the/DT new/JJ TV/NN spots/NNS ]
,/, 
[ Ogilvy/NNP ]
&/CC 
[ Mather/NNP ]
has/VBZ opted/VBN for/IN 
[ a/DT family/NN style/NN ]
with/IN 
[ lots/NNS ]
of/IN 
[ laughter/NN ]
,/, 
[ hugs/NNS ]
and/CC 
[ tears/NNS ]
./. 

``/`` 
[ We/PRP ]
're/VBP making/VBG 
[ a/DT ]
fairly/RB 
[ obvious/JJ plea/NN ]
for/IN 
[ some/DT emotional/JJ reaction/NN ]
,/, ''/'' says/VBZ 
[ Tom/NNP Rost/NNP ]
,/, 
[ creative/JJ director/NN ]
at/IN 
[ Ogilvy/NNP ]
&/CC 
[ Mather/NNP ]
./. 

======================================

[ Cotton/NNP Inc./NNP ]
will/MD spend/VB nearly/RB 
[ $/$ 2/CD million/CD ]
on/IN 
[ broadcasting/NN ]
on/IN 
[ Thanksgiving/NNP Day/NNP ]
alone/RB ,/, advertising/VBG on/IN 
[ such/JJ programs/NNS ]
as/IN ``/`` 
[ Good/JJ Morning/NN America/NNP ]
,/, ''/'' ``/`` 
[ Macy/NNP 's/POS Thanksgiving/NNP Day/NNP Parade/NNP ]
''/'' and/CC 
[ the/DT NFL/NNP holiday/NN game/NN ]
./. 

======================================

[ Frank/NNP Mingo/NNP Dies/VBZ ]
at/IN 
[ 49/CD ]

======================================

[ Frank/NNP L./NNP Mingo/NNP ]
,/, 
[ one/CD ]
of/IN 
[ the/DT pioneers/NNS ]
of/IN advertising/NN 
[ targeted/VBN ]
at/IN 
[ black/JJ audiences/NNS ]
,/, died/VBD at/IN 
[ the/DT age/NN ]
of/IN 
[ 49/CD ]
after/IN 
[ a/DT stroke/NN ]
./. 

======================================

[ Mr./NNP Mingo/NNP ]
was/VBD 
[ chief/JJ executive/NN officer/NN ]
of/IN 
[ the/DT Mingo/NNP Group/NNP ]
,/, 
[ which/WDT ]

[ he/PRP ]
founded/VBD in/IN 
[ 1977/CD ]
and/CC 
[ which/WDT ]
created/VBD 
[ ads/NNS ]
for/IN 
[ the/DT black/JJ market/NN ]
./. 

[ Clients/NNS ]
include/VBP 
[ Miller/NNP Brewing/NNP Co./NNP ]
and/CC 
[ General/NNP Motors/NNPS ]
./. 

[ Mr./NNP Mingo/NNP ]
was/VBD hospitalized/VBN 
[ Sept./NNP 23/CD ]
and/CC died/VBD 
[ Monday/NNP ]
,/, according/VBG to/TO 
[ Samuel/NNP J./NNP Chisholm/NNP ]
,/, 
[ the/DT agency/NN 's/POS president/NN ]
and/CC 
[ chief/NN operating/VBG officer/NN ]
./. 

======================================

[ Ad/NN Notes/NNS ]
.../: ./. 

======================================

[ EARNINGS/NNS ]
:/: 
[ Omnicom/NNP Group/NNP Inc./NNP ]
,/, 
[ New/NNP York/NNP ]
,/, reported/VBD 
[ third-quarter/JJ net/JJ income/NN ]
rose/VBD 
[ 54/CD %/NN ]
to/TO 
[ $/$ 5.6/CD million/CD ]
,/, or/CC 
[ 22/CD cents/NNS ]

[ a/DT share/NN ]
,/, from/IN 
[ $/$ 3.6/CD million/CD ]
,/, or/CC 
[ 15/CD cents/NNS ]

[ a/DT share/NN ]
,/, 
[ a/DT year/NN ]
earlier/RB ./. 

[ Revenue/NN ]
increased/VBD 
[ 20/CD %/NN ]
to/TO 
[ $/$ 246.6/CD million/CD ]
from/IN 
[ $/$ 204.8/CD million/CD ]
./. 



======================================

[ Prime/NNP Minister/NNP Lee/NNP Kuan/NNP Yew/NNP ]
,/, 
[ Singapore/NNP 's/POS leader/NN ]
and/CC 
[ one/CD ]
of/IN 
[ Asia/NNP 's/POS leading/VBG statesmen/NNS ]
for/IN 
[ 30/CD years/NNS ]
,/, recently/RB announced/VBD 
[ his/PRP$ intention/NN ]
to/TO retire/VB 
[ next/JJ year/NN ]
--/: though/IN not/RB necessarily/RB to/TO end/VB 
[ his/PRP$ influence/NN ]
./. 

[ The/DT prime/JJ minister/NN ]
,/, 
[ whose/WP$ hair/NN ]
is/VBZ thinning/VBG and/CC 
[ gray/JJ ]
and/CC 
[ whose/WP$ face/NN ]
has/VBZ 
[ a/DT perpetual/JJ pallor/NN ]
,/, nonetheless/RB continues/VBZ to/TO display/VB 
[ an/DT energy/NN ]
,/, 
[ a/DT precision/NN ]
of/IN 
[ thought/NN ]
and/CC 
[ a/DT willingness/NN ]
to/TO say/VB publicly/RB 
[ what/WP ]

[ most/JJS other/JJ Asian/JJ leaders/NNS ]
dare/VBP say/VB only/RB privately/RB ./. 

======================================

[ The/DT 66-year-old/JJ Mr./NNP Lee/NNP ]
recently/RB spent/VBD 
[ an/DT hour/NN ]
discussing/VBG 
[ the/DT state/NN ]
of/IN 
[ Asia/NN ]
and/CC 
[ the/DT world/NN ]
with/IN 
[ two/CD Journal/NNP reporters/NNS ]
in/IN 
[ his/PRP$ ]
plainly/RB furnished/JJ ,/, 
[ wood-paneled/JJ office/NN ]
./. 

[ The/DT interview/NN ]
did/VBD not/RB 
[ touch/VB ]
on/IN 
[ Singapore/NNP 's/POS domestic/JJ affairs/NNS ]
./. 

Skipping/VBG 
[ personal/JJ pleasantries/NNS ]
,/, 
[ Mr./NNP Lee/NNP ]
picked/VBD up/RB exactly/RB where/WRB 
[ he/PRP ]
left/VBD off/RB 
[ several/JJ months/NNS ]
earlier/RB --/: before/IN 
[ the/DT government/NN crackdown/NN ]
in/IN 
[ China/NNP ]
--/: when/WRB 
[ he/PRP ]
had/VBD warned/VBN that/IN 
[ the/DT orthodox/JJ leadership/NN ]
in/IN Beijing/NNP feared/VBD 
[ a/DT plurality/NN ]
of/IN 
[ views/NNS ]
./. 

[ Excerpts/NNS ]
follow/VBP :/: 
======================================

On/IN 
[ China/NNP 's/POS turmoil/NN ]
:/: ``/`` 
[ It/PRP ]
is/VBZ 
[ a/DT very/RB unhappy/JJ scene/NN ]
,/, ''/'' 
[ he/PRP ]
said/VBD ./. 

``/`` 
[ It/PRP ]
took/VBD 
[ Zhao/NNP Ziyang/NNP ]
 (/( 
[ former/JJ premier/NN ]
and/CC 
[ party/NN chief/NN ]
 )/) 
[ 10/CD years/NNS ]
to/TO build/VB 
[ a/DT team/NN ]
of/IN 
[ economists/NNS ]

[ who/WP ]
understood/VBD how/WRB 
[ the/DT Western/JJ economies/NNS work/VBP ]
and/CC now/RB 
[ that/DT team/NN ]
is/VBZ 
[ part/NN ]
in/IN 
[ exile/NN ]
,/, 
[ part/NN ]
being/VBG rusticated/VBN and/CC 
[ part/NN ]
missing/VBG ./. 

''/'' Rebuilding/VBG 
[ that/DT team/NN ]
,/, 
[ Mr./NNP Lee/NNP ]
predicted/VBD ,/, will/MD take/VB 
[ another/DT 10/CD years/NNS ]
./. 

``/`` 
[ That/DT ]
's/VBZ very/RB sad/JJ for/IN 
[ China/NNP ]
and/CC for/IN 
[ Asia/NNP ]
because/IN 
[ China/NNP ]
could/MD have/VB been/VBN 
[ a/DT good/JJ engine/NN ]
for/IN 
[ growth/NN ]
,/, not/RB just/RB for/IN 
[ Hong/NNP Kong/NNP ]
and/CC 
[ Taiwan/NNP ]
but/CC for/IN 
[ Japan/NNP ]
,/, 
[ Korea/NNP ]
and/CC 
[ the/DT rest/NN ]
of/IN 
[ Asia/NNP ]
./. 

''/'' 
======================================

On/IN 
[ similarities/NNS ]
between/IN 
[ China/NNP ]
and/CC 
[ the/DT Soviet/NNP Union/NNP ]
:/: ``/`` In/IN 
[ important/JJ particulars/NNS ]
,/, 
[ the/DT Soviets/NNPS ]
are/VBP different/JJ from/IN 
[ the/DT Chinese/NNPS ]
./. 

[ They/PRP ]
are/VBP already/RB industrialized/JJ .../: ./. 

[ Their/PRP$ problem/NN ]
is/VBZ 
[ one/CD ]
of/IN 
[ inefficiency/NN ]
of/IN 
[ an/DT industrial/JJ economy/NN ]
./. 

[ The/DT Chinese/JJ problem/NN ]
is/VBZ much/RB greater/JJR --/: 
[ it/PRP ]

[ 's/POS ]
how/WRB to/TO industrialize/VB to/TO begin/VB with/RP ./. 

''/'' 
======================================

Asked/VBN if/IN 
[ the/DT Soviets/NNPS ]
,/, like/IN 
[ Chinese/JJ officials/NNS ]
,/, wo/MD n't/RB 
[ one/CD day/NN ]
face/VB 
[ a/DT similar/JJ conflict/NN ]
between/IN 
[ the/DT desire/NN ]
to/TO liberalize/VB economically/RB and/CC yet/RB retain/VB 
[ political/JJ control/NN ]
,/, 
[ Mr./NNP Lee/NNP ]
said/VBD ,/, ``/`` 
[ I/PRP ]
would/MD think/VB that/IN 
[ the/DT Soviets/NNPS face/VBP ]

[ a/DT deeper/JJR dilemma/NN ]
because/IN 
[ they/PRP ]
have/VBP been/VBN more/RBR in/IN 
[ blinkers/NNS ]
than/IN 
[ the/DT Chinese/NNPS ]
--/: 
[ I/PRP ]
mean/VBP keeping/VBG 
[ their/PRP$ people/NNS ]
cut/VBN off/RB from/IN 
[ the/DT outside/JJ world/NN ]
./. 

''/'' 
[ Mikhail/NNP Gorbachev/NNP ]
,/, 
[ he/PRP ]
said/VBD ,/, is/VBZ ahead/RB of/IN 
[ China/NNP 's/POS leaders/NNS ]
in/IN 
[ his/PRP$ awareness/NN ]
of/IN 
[ the/DT world/NN ]
./. 

``/`` But/CC 
[ I/PRP ]
think/VBP 
[ the/DT Soviet/JJ peoples/NNS ]
are/VBP more/RBR introverted/JJ than/IN 
[ the/DT Chinese/NNPS ]
./. 

''/'' Regardless/RB ,/, 
[ he/PRP ]
said/VBD ,/, 
[ he/PRP ]
still/RB believes/VBZ 
[ the/DT Soviet/NNP Union/NNP ]
,/, while/IN falling/VBG far/RB short/RB of/IN 
[ the/DT efficiency/NN ]
of/IN 
[ a/DT Western/JJ economy/NN ]
,/, may/MD well/RB manage/VB to/TO improve/VB considerably/RB ./. 

======================================

On/IN 
[ Asia-Pacific/NNP prosperity/NN ]
:/: ``/`` If/IN 
[ America/NNP ]
can/MD keep/VB up/RP 
[ the/DT present/JJ situation/NN ]
--/: 
[ her/PRP$ markets/NNS ]
open/JJ for/IN 
[ another/DT 15/CD years/NNS ]
,/, with/IN 
[ adjustments/NNS ]
,/, and/CC 
[ Japan/NNP ]
can/MD grow/VB and/CC not/RB cut/VB back/RB ,/, and/CC so/RB too/RB ,/, 
[ Korea/NNP ]
,/, 
[ Taiwan/NNP ]
,/, 
[ Hong/NNP Kong/NNP ]
,/, 
[ Singapore/NNP ]
,/, 
[ ASEAN/NNP ]
,/, 
[ Australia/NNP ]
and/CC 
[ New/NNP Zealand/NNP ]
--/: then/RB in/IN 
[ 15/CD years/NNS ]
,/, 
[ the/DT economies/NNS ]
of/IN 
[ these/DT countries/NNS ]
would/MD be/VB totally/RB restructured/VBN to/TO be/VB able/JJ to/TO almost/RB sustain/VB 
[ growth/NN ]
by/IN 
[ themselves/PRP ]
./. 

''/'' In/IN 
[ such/JJ an/DT arrangement/NN ]
,/, ``/`` 
[ all/DT benefit/VBP ]
,/, ''/'' 
[ he/PRP ]
said/VBD ./. 

``/`` And/CC if/IN 
[ the/DT Europeans/NNPS ]
come/VBN in/RB ,/, 
[ they/PRP ]
benefit/VBP too/RB ./. 

[ It/PRP ]
's/VBZ not/RB 
[ a/DT zero-sum/JJ game/NN ]
./. 

''/'' 
======================================

Asked/VBN about/IN 
[ the/DT possibility/NN ]
of/IN 
[ greater/JJR economic/JJ cooperation/NN ]
among/IN 
[ Asia-Pacific/NNP nations/NNS ]
,/, 
[ which/WDT ]
will/MD be/VB discussed/VBN 
[ Nov./NNP 6/CD ]
and/CC 
[ 7/CD ]
at/IN 
[ a/DT ministerial/JJ meeting/NN ]
in/IN 
[ Canberra/NNP ]
,/, 
[ Mr./NNP Lee/NNP ]
said/VBD 
[ the/DT goal/NN ]
``/`` is/VBZ to/TO have/VB 
[ a/DT free/JJ ]
and/CC 
[ open/JJ world/NN trading/VBG system/NN ]
./. 

''/'' 
[ An/DT Asian/JJ bloc/NN ]
is/VBZ n't/RB intended/JJ ,/, 
[ he/PRP ]
said/VBD ./. 

``/`` 
[ That/DT ]
's/VBZ not/RB possible/JJ ./. 

''/'' 
======================================

On/IN 
[ U.S.-Japan/JJ relations/NNS ]
:/: ``/`` 
[ I/PRP ]
'm/VBP encouraged/JJ ./. 

[ I/PRP ]
think/VBP 
[ the/DT earlier/JJR strident/JJ notes/NNS ]
struck/VBN by/IN {/( 
[ U.S./NNP Commerce/NNP Secretary/NNP Robert/NNP ]
 }/) Mosbacher/NNP and/CC {/( 
[ U.S./NNP Trade/NNP Representative/NNP ]
 }/) 
[ Carla/NNP Hills/NNP ]
have/VBP been/VBN more/RBR rounded/JJ ./. 

[ I/PRP ]
believe/VBP 
[ the/DT U.S./NNP ]
is/VBZ becoming/VBG more/RBR patient/JJ and/CC 
[ circumspect/JJ ]
,/, ''/'' 
[ he/PRP ]
said/VBD ./. 

``/`` 
[ It/PRP ]
's/VBZ 
[ the/DT total/NN relationship/NN ]

[ that/WDT ]
is/VBZ important/JJ ./. 

''/'' 
[ The/DT total/NN relationship/NN ]
,/, as/IN 
[ Mr./NNP Lee/NNP ]
sees/VBZ 
[ it/PRP ]
,/, is/VBZ ``/`` 
[ the/DT flow/NN ]
of/IN 
[ dollars/NNS ]
to/TO 
[ the/DT U.S./NNP ]
to/TO fund/VB 
[ the/DT deficits/NNS ]
,/, 
[ the/DT investments/NNS ]

[ the/DT Japanese/NNPS ]
are/VBP making/VBG in/IN 
[ the/DT U.S./NNP ]
in/IN 
[ order/NN ]
to/TO satisfy/VB 
[ American/JJ demand/NN ]
that/IN 
[ American/JJ products/NNS ]
consumed/VBN in/IN 
[ America/NNP ]
should/MD be/VB made/VBN as/RB much/RB as/IN 
[ possible/JJ ]
in/IN 
[ America/NNP ]
by/IN 
[ Americans/NNPS ]
with/IN 
[ Japanese/JJ technology/NN ]
and/CC 
[ capital/NN ]
./. 

''/'' 
======================================

[ Japan/NNP 's/POS recent/JJ political/JJ turbulence/NN ]
,/, 
[ Mr./NNP Lee/NNP ]
said/VBD ,/, may/MD mean/VB 
[ Japan/NNP ]
will/MD slow/VB 
[ market/NN adjustments/NNS ]
./. 

``/`` 
[ They/PRP ]
'll/MD be/VB more/RBR timorous/JJ in/IN tackling/VBG 
[ their/PRP$ own/JJ voters/NNS ]
,/, like/IN opening/VBG up/RB 
[ more/RBR ]
to/TO 
[ agricultural/JJ imports/NNS ]
from/IN 
[ America/NNP ]
,/, hurting/VBG 
[ their/PRP$ farmers/NNS ]
./. 

''/'' 
======================================

On/IN 
[ U.S./NNP military/JJ presence/NN ]
in/IN 
[ Asia/NNP ]
:/: Asked/VBN if/IN 
[ his/PRP$ offer/NN ]
to/TO allow/VB 
[ the/DT American/JJ military/NN ]
to/TO use/VB 
[ facilities/NNS ]
in/IN 
[ Singapore/NNP ]
would/MD help/VB preserve/VB 
[ America/NNP 's/POS presence/NN ]
in/IN 
[ the/DT region/NN ]
at/IN 
[ bases/NNS ]
in/IN 
[ the/DT Philippines/NNPS ]
,/, 
[ he/PRP ]
said/VBD ,/, ``/`` 
[ What/WP ]

[ we/PRP ]
have/VBP done/VBN is/VBZ make/VB 
[ it/PRP ]
easier/JJR for/IN 
[ the/DT Philippines/NNPS ]
to/TO continue/VB to/TO host/VB 
[ American/JJ bases/NNS ]
without/IN 
[ it/PRP ]
being/VBG said/VBN 
[ they/PRP ]
are/VBP 
[ lackeys/NNS ]
of/IN 
[ the/DT imperialists/NNS ]
and/CC 
[ the/DT only/JJ ones/NNS ]
in/IN 
[ Asia/NNP ]
or/CC in/IN 
[ Southeast/NNP Asia/NNP ]
./. 

[ We/PRP ]
are/VBP willing/JJ to/TO share/VB 
[ the/DT political/JJ burden/NN ]
of/IN 
[ being/VBG host/NN ]
to/TO 
[ America/NNP ]
,/, 
[ an/DT imperial/JJ power/NN ]
./. 

[ We/PRP ]
think/VBP 
[ it/PRP ]
is/VBZ n't/RB such/JJ 
[ a/DT great/JJ burden/NN ]
,/, that/IN 
[ it/PRP ]
carries/VBZ 
[ no/DT stigma/NN ]
,/, and/CC 
[ we/PRP ]
are/VBP prepared/JJ to/TO do/VB 
[ it/PRP ]
./. 

''/'' 
======================================

On/IN 
[ U.S.-Philippine/JJ relations/NNS ]
:/: ``/`` 
[ It/PRP ]
's/VBZ such/JJ 
[ a/DT mixed-up/JJ relationship/NN ]
going/VBG back/RB into/IN 
[ history/NN ]
.../: ./. 

[ I/PRP ]
really/RB do/VBP not/RB understand/VB how/WRB 
[ it/PRP ]
is/VBZ that/IN 
[ Filipinos/NNPS ]
feel/VBP so/RB passionately/RB involved/JJ in/IN 
[ this/DT father/NN figure/NN ]
that/WDT 
[ they/PRP ]
want/VBP to/TO dispose/VB of/IN and/CC yet/RB 
[ they/PRP ]
need/VBP ./. 

[ I/PRP ]
just/RB do/VBP n't/RB understand/VB 
[ it/PRP ]
./. 

[ My/PRP$ relationships/NNS ]
with/IN 
[ the/DT British/NNPS ]
are/VBP totally/RB different/JJ ./. 

[ They/PRP ]
lorded/VBD 
[ it/PRP ]
over/IN 
[ me/PRP ]
./. 

[ They/PRP ]
did/VBD 
[ me/PRP ]

[ some/DT good/JJ ]
./. 

[ They/PRP ]
did/VBD 
[ themselves/PRP ]
even/RB more/RBR good/JJ ./. 

[ They/PRP ]
let/VB 
[ me/PRP ]
down/RP when/WRB 
[ the/DT Japanese/NNPS ]
came/VBD down/RB {/( during/IN 
[ World/NNP War/NNP II/NNP ]
 }/) .../: ./. 

[ I/PRP ]
do/VBP n't/RB feel/VB down/RB or/CC done/VBN in/RB because/IN 
[ I/PRP ]
show/VBP 
[ British/JJ serials/NNS ]
on/IN 
[ my/PRP$ television/NN network/NN ]
or/CC read/VBP 
[ their/PRP$ books/NNS ]
./. 

[ I/PRP ]
mean/VBP 
[ it/PRP ]
is/VBZ 
[ a/DT normal/JJ adult/NN relationship/NN ]
./. 

``/`` But/CC 
[ the/DT Filipinos/NNPS ]
and/CC 
[ the/DT Americans/NNPS ]
,/, when/WRB 
[ I/PRP ]
talk/VBP to/TO 
[ them/PRP ]
,/, 
[ there/EX ]
's/VBZ 
[ so/RB much/JJ passion/NN ]
about/IN 
[ Filipino/JJ manhood/NN ]
being/VBG diminished/VBN as/IN 
[ a/DT result/NN ]
of/IN being/VBG squatted/VBN upon/IN by/IN 
[ the/DT Americans/NNPS ]
and/CC so/RB on/RB ./. 

[ The/DT occasional/JJ Englishman/NNP ]
tries/VBZ to/TO put/VB on/RP 
[ airs/NNS ]
but/CC 
[ we/PRP ]
let/VBP 
[ it/PRP ]
pass/VB .../: ./. 

[ It/PRP ]
's/VBZ just/RB comic/JJ when/WRB 
[ they/PRP ]
try/VBP to/TO pretend/VB 
[ they/PRP ]
're/VBP still/RB 
[ the/DT master/NN race/NN ]
./. 

''/'' 
[ Mr./NNP Lee/NNP ]
added/VBD that/IN 
[ the/DT Filipinos/NNPS ]
are/VBP ``/`` making/VBG 
[ it/PRP ]
very/RB difficult/JJ ''/'' for/IN 
[ the/DT U.S./NNP military/JJ presence/NN ]
to/TO last/VB beyond/IN 
[ five/CD ]
or/CC 
[ 10/CD years/NNS ]
./. 

======================================

On/IN 
[ military/JJ alternatives/NNS ]
if/IN 
[ the/DT U.S./NNP ]
pulls/VBZ back/RB :/: ``/`` 
[ The/DT Soviets/NNPS ]
already/RB are/VBP present/JJ ./. 

[ I/PRP ]
suppose/VBP sooner/RBR or/CC later/RBR ,/, 
[ the/DT Japanese/NNPS ]
would/MD have/VB to/TO fill/VB up/RP 
[ a/DT large/JJ part/NN ]
of/IN 
[ the/DT gap/NN ]
on/IN 
[ the/DT naval/JJ side/NN ]
./. 

Maybe/RB 
[ the/DT Chinese/NNPS ]
,/, maybe/RB even/RB 
[ the/DT Indians/NNPS ]
./. 

''/'' 
======================================

On/IN 
[ economic/JJ consequences/NNS ]
of/IN 
[ a/DT diminished/JJ U.S./NNP presence/NN ]
:/: ``/`` 
[ America/NNP ]
is/VBZ 
[ the/DT ]
only/RB 
[ major/JJ power/NN ]
in/IN 
[ recent/JJ history/NN ]

[ that/WDT ]
has/VBZ used/VBN 
[ its/PRP$ military/JJ might/NN ]
to/TO sustain/VB 
[ a/DT system/NN ]

[ that/WDT ]
enables/VBZ 
[ all/DT participants/NNS ]
to/TO equally/RB benefit/VB without/IN 
[ her/PRP ]
as/IN 
[ the/DT provider/NN ]
of/IN 
[ the/DT security/NN ]
taking/VBG 
[ royalties/NNS ]
./. 

''/'' Asked/VBN why/WRB 
[ so/RB few/JJ nations/NNS ]
seem/VBP to/TO share/VB 
[ his/PRP$ views/NNS ]
of/IN 
[ America/NNP ]
,/, 
[ he/PRP ]
said/VBD ,/, ``/`` 
[ Many/JJ people/NNS ]
see/VBP 
[ it/PRP ]

[ that/DT way/NN ]
./. 

But/CC 
[ they/PRP ]
have/VBP just/RB taken/VBN 
[ it/PRP ]
for/IN granted/VBN ./. 

''/'' 
======================================

On/IN 
[ Cambodia/NNP ]
:/: ``/`` Let/VB 
[ 's/PRP ]
assume/VB 
[ that/DT ]
 {/( 
[ former/JJ Cambodian/JJ leader/NN Prince/NNP Norodom/NNP ]
 }/) 
[ Sihanouk/NNP ]
does/VBZ 
[ what/WP ]

[ the/DT press/NN ]
wants/VBZ 
[ him/PRP ]
to/TO do/VB and/CC joins/VBZ up/RB with/IN {/( 
[ Vietnamese-backed/JJ Cambodian/JJ leader/NN ]
 }/) 
[ Hun/NNP Sen/NNP ]
./. 

Is/VBZ 
[ the/DT trouble/NN ]
over/RP ?/. 

Can/MD 
[ Sihanouk/NNP ]
and/CC 
[ Hun/NNP Sen/NNP ]
knock/VB off/RP 
[ the/DT Khmer/NNP Rouge/NNP ]
still/RB supported/VBN by/IN 
[ China/NNP ]
?/. 

[ He/PRP ]
ca/MD n't/RB ./. 

======================================

``/`` 
[ What/WP ]
is/VBZ 
[ the/DT way/NN ]
forward/RB ?/. 

To/TO get/VB 
[ the/DT Khmer/NNP Rouge/NNP ]
as/IN 
[ part/NN ]
of/IN 
[ a/DT process/NN ]
for/IN 
[ elections/NNS ]
./. 

And/CC when/WRB 
[ they/PRP ]
lose/VBP ,/, then/RB 
[ we/PRP ]
can/MD expect/VB 
[ China/NNP ]
to/TO stop/VB 
[ aid/NN ]
./. 

Let/VB 
[ 's/PRP ]
put/VB 
[ it/PRP ]
bluntly/RB ./. 

[ The/DT Chinese/NNPS ]
can/MD not/RB be/VB seen/VBN to/TO have/VB made/VBN 
[ use/NN ]
of/IN 
[ the/DT Khmer/NNP Rouge/NNP ]
and/CC then/RB discard/VB 
[ them/PRP ]
./. 

''/'' 
======================================

[ Ms./NNP House/NNP ]
is/VBZ vice/NN 
[ president/NN ]
of/IN 
[ Dow/NNP Jones/NNP International/NNP Group/NNP ]
./. 

[ Mr./NNP Wain/NNP ]
is/VBZ 
[ editor/NN ]
of/IN 
[ The/DT Asian/NNP Wall/NNP Street/NNP Journal/NNP ]
./. 



======================================

[ Everything/NN ]
looked/VBD good/JJ as/IN 
[ neurosurgeon/NN Walter/NNP Levy/NNP ]
and/CC 
[ colleagues/NNS ]
carefully/RB cut/VB away/RB 
[ a/DT woman/NN 's/POS spinal/JJ tumor/NN ]
at/IN 
[ the/DT Cleveland/NNP Clinic/NNP ]
in/IN 
[ 1978/CD ]
./. 

======================================

Using/VBG 
[ small/JJ electrical/JJ shocks/NNS ]
applied/VBN to/TO 
[ her/PRP$ feet/NNS ]
,/, 
[ they/PRP ]
were/VBD able/JJ to/TO monitor/VB 
[ sensory/JJ nerves/NNS ]
./. 

[ The/DT shocks/NNS ]
generated/VBD 
[ nerve/NN impulses/NNS ]

[ that/WDT ]
traveled/VBD via/IN 
[ spine/NN ]
to/TO 
[ brain/NN ]
and/CC showed/VBD up/RB clearly/RB on/IN 
[ a/DT brain-wave/JJ monitor/NN ]
,/, indicating/VBG 
[ no/DT damage/NN ]
to/TO 
[ the/DT delicate/JJ spinal/JJ tissue/NN ]
./. 

======================================

Then/RB ,/, says/VBZ 
[ Dr./NNP Levy/NNP ]
,/, ``/`` 
[ she/PRP ]
woke/VBD up/RB paralyzed/JJ ./. 

''/'' 
======================================

[ The/DT damage/NN ]
was/VBD to/TO 
[ her/PRP$ motor/NN nerves/NNS ]
,/, 
[ which/WDT ]
could/MD n't/RB be/VB monitored/VBN along/IN with/IN 
[ the/DT sensory/JJ nerves/NNS ]
,/, 
[ he/PRP ]
explains/VBZ ./. 

[ The/DT tragedy/NN ]
,/, 
[ he/PRP ]
adds/VBZ ,/, ``/`` galvanized/VBD 
[ me/PRP ]
''/'' to/TO look/VB for/IN 
[ a/DT way/NN ]
to/TO prevent/VB 
[ similar/JJ cases/NNS ]
./. 

======================================

[ Dr./NNP Levy/NNP 's/POS answer/NN ]
may/MD come/VB with/IN 
[ a/DT new/JJ kind/NN ]
of/IN 
[ magnetic/JJ brain/NN probe/NN ]
,/, 
[ a/DT device/NN ]
that/IN 
[ he/PRP ]
and/CC 
[ dozens/NNS ]
of/IN 
[ U.S./NNP researchers/NNS ]
are/VBP studying/VBG with/IN 
[ great/JJ hope/NN ]
./. 

Besides/IN holding/VBG 
[ the/DT promise/NN ]
of/IN 
[ safer/JJR spinal/NN surgery/NN ]
,/, 
[ the/DT probe/NN ]
could/MD improve/VB 
[ the/DT diagnosis/NN ]
of/IN 
[ brain/NN ]
and/CC 
[ nerve/NN disorders/NNS ]
such/JJ as/IN 
[ strokes/NNS ]
and/CC 
[ multiple/JJ sclerosis/NN ]
./. 

Perhaps/RB most/RBS exciting/JJ ,/, 
[ the/DT device/NN ]
is/VBZ thrusting/VBG 
[ open/RP a/DT window/NN ]
to/TO 
[ the/DT workings/NNS ]
of/IN 
[ the/DT brain/NN ]
./. 

======================================

[ The/DT probe/NN ]
,/, 
[ which/WDT ]
is/VBZ painless/JJ ,/, 
[ non-invasive/JJ ]
and/CC apparently/RB 
[ harmless/JJ ]
,/, employs/VBZ 
[ strong/JJ magnetic/JJ fields/NNS ]
to/TO induce/VB 
[ small/JJ whirlwinds/NNS ]
of/IN 
[ electricity/NN ]
within/IN 
[ the/DT brain/NN ]
./. 

If/IN positioned/VBN over/IN 
[ the/DT brain/NN 's/POS motor-control/JJ area/NN ]
,/, 
[ the/DT hand-held/JJ electromagnets/NNS ]
generate/VBP 
[ nerve/NN impulses/NNS ]

[ that/WDT ]
zip/VBP down/IN 
[ motor/NN nerves/NNS ]
and/CC activate/VBP 
[ muscles/NNS ]
,/, making/VBG ,/, say/VB ,/, 
[ a/DT finger/NN twitch/VB ]
./. 

In/IN 
[ principle/NN ]
,/, 
[ they/PRP ]
will/MD enable/VB 
[ doctors/NNS ]
to/TO check/VB 
[ the/DT body/NN 's/POS motor/NN system/NN ]

[ the/DT way/NN ]

[ an/DT electrician/NN ]
tests/VBZ 
[ a/DT home/NN 's/POS electrical/JJ circuits/NNS ]
by/IN running/VBG 
[ current/NN ]
through/IN 
[ them/PRP ]
./. 

======================================

``/`` Until/IN now/RB ,/, 
[ we/PRP ]
've/VBP had/VBN 
[ no/DT objective/JJ way/NN ]
of/IN 
[ measuring/VBG motor/NN function/NN ]
,/, ''/'' says/VBZ 
[ Keith/NNP Chiappa/NNP ]
,/, 
[ a/DT neurologist/NN ]
conducting/VBG 
[ clinical/JJ tests/NNS ]
with/IN 
[ the/DT devices/NNS ]
at/IN 
[ Boston/NNP 's/POS Massachusetts/NNP General/NNP Hospital/NNP ]
./. 

``/`` 
[ All/DT ]

[ we/PRP ]
could/MD do/VB was/VBD tell/VB 
[ a/DT patient/NN ]
,/, `/`` squeeze/VB 
[ my/PRP$ fingers/NNS ]
as/RB hard/RB as/IN 
[ you/PRP ]
can/MD '/'' or/CC `/`` raise/VB 
[ your/PRP$ arm/NN ]
./. 

'/'' ``/`` Under/IN 
[ the/DT best/JJS circumstances/NNS such/JJ tests/NNS ]
are/VBP 
[ subjective/JJ ]
;/: when/WRB 
[ a/DT patient/NN ]
is/VBZ unconscious/JJ ,/, 
[ they/PRP ]
do/VBP n't/RB work/VB at/IN 
[ all/DT ]
./. 

======================================

[ Magnetic/JJ brain/NN ]
tweaking/NN started/VBD in/IN 
[ the/DT early/JJ 1900s/NNS ]
,/, when/WRB 
[ researchers/NNS ]
produced/VBD 
[ flashes/NNS ]
of/IN 
[ light/NN ]
in/IN 
[ the/DT visual/JJ field/NN ]
with/IN 
[ magnets/NNS ]
./. 

In/IN 
[ the/DT 1960s/NNS ]
,/, 
[ Mayo/NNP Clinic/NNP researchers/NNS ]
developed/VBD 
[ magnetic/JJ devices/NNS ]
to/TO stimulate/VB 
[ motor/NN nerves/NNS ]
in/IN 
[ the/DT hand/NN ]
and/CC 
[ other/JJ limbs/NNS ]
./. 

But/CC for/IN 
[ brain/NN tests/NNS ]
,/, 
[ the/DT unwieldy/JJ machines/NNS ]
``/`` would/MD have/VB required/VBN 
[ patients/NNS ]
to/TO stand/VB on/IN 
[ their/PRP$ heads/NNS ]
,/, ''/'' says/VBZ 
[ Reginald/NNP Bickford/NNP ]
,/, 
[ a/DT researcher/NN ]
at/IN 
[ the/DT University/NNP ]
of/IN 
[ California/NNP ]
at/IN 
[ San/NNP Diego/NNP ]
./. 

======================================

[ The/DT field/NN ]
took/VBD off/RB in/IN 
[ 1985/CD ]
after/IN 
[ scientists/NNS ]
at/IN 
[ Britain/NNP 's/POS Sheffield/NNP University/NNP ]
developed/VBD 
[ a/DT handy/JJ ]
,/, 
[ compact/JJ magnet/NN ]
for/IN 
[ brain/NN stimulation/NN ]
./. 

Since/IN then/RB ,/, at/IN 
[ least/JJS two/CD commercial/JJ versions/NNS ]
have/VBP been/VBN put/VBN on/IN 
[ the/DT U.S./NNP market/NN ]
,/, and/CC 
[ an/DT estimated/VBN 500/CD ]
have/VBP been/VBN sold/VBN ./. 

In/IN 
[ August/NNP ]
,/, 
[ a/DT Chicago/NNP conference/NN ]
on/IN 
[ such/JJ devices/NNS ]
attracted/VBD more/JJR than/IN 
[ 100/CD researchers/NNS ]
,/, 
[ who/WP ]
reported/VBD 
[ studies/NNS ]
on/IN 
[ everything/NN ]
from/IN 
[ brain/NN mapping/NN ]
to/TO 
[ physical/JJ therapy/NN ]
./. 

======================================

``/`` 
[ We/PRP ]
do/VBP n't/RB feel/VB 
[ we/PRP ]
can/MD use/VB {/( 
[ the/DT devices/NNS ]
 }/) routinely/RB in/IN 
[ surgery/NN ]
yet/RB ,/, but/CC 
[ we/PRP ]
're/VBP getting/VBG close/JJ ,/, ''/'' says/VBZ 
[ Dr./NNP Levy/NNP ]
,/, 
[ who/WP ]
is/VBZ now/RB with/IN 
[ the/DT University/NNP ]
of/IN 
[ Pittsburgh/NNP ]
./. 

[ A/DT problem/NN ]
,/, 
[ he/PRP ]
adds/VBZ ,/, is/VBZ that/IN anesthetized/JJ 
[ brains/NNS ]
are/VBP more/RBR resistant/JJ to/TO 
[ magnetic/JJ stimulation/NN ]
than/IN 
[ awake/JJ ones/NNS ]
./. 

======================================

[ The/DT devices/NNS ]
could/MD help/VB indicate/VB when/WRB 
[ surgery/NN ]
would/MD help/VB ,/, says/VBZ 
[ Charles/NNP Tator/NNP ]
,/, 
[ a/DT University/NNP ]
of/IN 
[ Toronto/NNP neurosurgeon/NN ]
./. 

For/IN 
[ example/NN ]
,/, paralyzed/JJ 
[ car-crash/JJ victims/NNS ]
occasionally/RB have/VBP 
[ some/DT intact/JJ spinal/JJ tissues/NNS ]
that/WDT ,/, if/IN preserved/VBN by/IN 
[ emergency/NN surgery/NN ]
,/, enable/VBP 
[ partial/JJ recovery/NN ]
./. 

But/CC 
[ such/JJ operations/NNS ]
typically/RB are/VBP n't/RB performed/VBN because/IN 
[ there/EX ]
is/VBZ 
[ no/DT sign/NN right/RB ]
after/IN 
[ an/DT injury/NN ]

[ that/DT surgery/NN ]
would/MD be/VB beneficial/JJ ./. 

======================================

``/`` 
[ The/DT cost/NN ]
 {/( of/IN 
[ magnetic/JJ stimulators/NNS ]
 }/) would/MD seem/VB like/IN 
[ peanuts/NNS ]
if/IN 
[ we/PRP ]
could/MD retrieve/VB 
[ limb/NN function/NN ]
''/'' in/IN 
[ such/JJ people/NNS ]
,/, 
[ Dr./NNP Tator/NNP ]
says/VBZ ./. 

======================================

[ Scientists/NNS ]
caution/VBP 
[ there/EX ]
is/VBZ 
[ a/DT chance/NN ]

[ the/DT magnet/NN technique/NN ]
might/MD spark/VB 
[ seizures/NNS ]
in/IN 
[ epileptics/NNS ]
./. 

But/CC 
[ no/DT significant/JJ problems/NNS ]
have/VBP been/VBN reported/VBN among/IN 
[ hundreds/NNS ]
of/IN 
[ people/NNS ]
tested/VBN with/IN 
[ the/DT devices/NNS ]
./. 

======================================

[ The/DT main/JJ sensation/NN ]
,/, besides/IN 
[ feeling/NN ]
like/IN 
[ a/DT puppet/NN ]
jerked/VBN with/IN 
[ invisible/JJ strings/NNS ]
,/, is/VBZ ``/`` like/IN 
[ a/DT rap/NN ]
on/IN 
[ the/DT head/NN ]
,/, ''/'' says/VBZ 
[ Sam/NNP Bridgers/NNP ]
,/, 
[ a/DT neurologist/NN ]

[ who/WP ]
has/VBZ studied/VBN 
[ the/DT brain/NN stimulators/NNS ]
at/IN 
[ Yale/NNP University/NNP ]
./. 

[ One/CD apparent/JJ side/NN effect/NN ]
is/VBZ 
[ a/DT minor/JJ increase/NN ]
in/IN 
[ a/DT brain/NN hormone/NN ]
./. 

And/CC 
[ some/DT doctors/NNS ]

[ who/WP ]
have/VBP conducted/VBN 
[ hours/NNS ]
of/IN 
[ tests/NNS ]
on/IN 
[ themselves/PRP ]
report/VBP 
[ temporary/JJ headaches/NNS ]
./. 

======================================

At/IN 
[ least/JJS two/CD companies/NNS ]
,/, 
[ Cadwell/NNP Laboratories/NNPS Inc./NNP ]
of/IN 
[ Kennewick/NNP ]
,/, 
[ Wash./NNP ]
,/, and/CC 
[ Novametrix/NNP Medical/NNP Systems/NNPS Inc./NNP ]
of/IN 
[ Wallingford/NNP ]
,/, 
[ Conn./NNP ]
,/, now/RB sell/VBP 
[ versions/NNS ]
of/IN 
[ the/DT magnetic/JJ devices/NNS ]
./. 

[ The/DT machines/NNS ]
,/, 
[ which/WDT ]
at/IN 
[ $/$ 12,500/CD ]
are/VBP inexpensive/JJ by/IN 
[ medical/JJ standards/NNS ]
,/, have/VBP n't/RB been/VBN approved/VBN in/IN 
[ the/DT U.S./NNP ]
for/IN marketing/NN as/IN 
[ brain/NN stimulators/NNS ]
but/CC are/VBP sold/VBN for/IN 
[ stimulating/JJ nerves/NNS ]
in/IN 
[ the/DT hand/NN ]
,/, 
[ legs/NNS ]
and/CC 
[ other/JJ non-brain/JJ areas/NNS ]
./. 

[ Researchers/NNS ]
can/MD apply/VB for/IN 
[ permission/NN ]
to/TO use/VB 
[ the/DT probes/NNS ]
for/IN 
[ brain/NN studies/NNS ]
./. 

======================================

At/IN 
[ the/DT University/NNP ]
of/IN 
[ Kentucky/NNP ]
,/, 
[ a/DT team/NN ]
led/VBN by/IN 
[ Dean/NNP Currier/NNP ]
,/, 
[ a/DT physical/JJ therapy/NN researcher/NN ]
,/, is/VBZ testing/VBG 
[ the/DT stimulators/NNS ]
in/IN 
[ conjunction/NN ]
with/IN 
[ electric/JJ shocks/NNS ]
to/TO induce/VB 
[ muscle/NN contractions/NNS ]
to/TO help/VB prevent/VB wasting/NN of/IN 
[ thigh/NN muscles/NNS ]
after/IN 
[ knee/NN surgery/NN ]
./. 

Similarly/RB ,/, 
[ a/DT Purdue/NNP University/NNP team/NN ]
led/VBN by/IN 
[ heart/NN researcher/NN W.A./NNP Tacker/NNP ]
hopes/VBZ to/TO develop/VB 
[ ways/NNS ]
to/TO magnetically/RB induce/VB 
[ cardiac/JJ muscle/NN contractions/NNS ]
./. 

[ The/DT devices/NNS ]
might/MD someday/RB serve/VB as/IN 
[ temporary/JJ pacemakers/NNS ]
or/CC 
[ restarters/NNS ]
for/IN 
[ stopped/VBN hearts/NNS ]
,/, says/VBZ 
[ Dr./NNP Tacker/NNP ]
,/, 
[ whose/WP$ prototype/NN ]
was/VBD dubbed/VBN 
[ the/DT ]
``/`` 
[ Tacker/NNP whacker/NN ]
./. 

''/'' 
======================================

[ The/DT devices/NNS '/POS most/RBS remarkable/JJ possibilities/NNS ]
,/, though/RB ,/, involve/VBP 
[ the/DT brain/NN ]
./. 

Probing/VBG with/IN 
[ the/DT stimulators/NNS ]
,/, 
[ National/NNP Institutes/NNPS ]
of/IN 
[ Health/NNP scientists/NNS ]
recently/RB showed/VBD how/WRB 
[ the/DT brain/NN ]
reorganizes/VBZ 
[ motor-control/JJ resources/NNS ]
after/IN 
[ an/DT amputation/NN ]
./. 

[ Similar/JJ studies/NNS ]
are/VBP expected/VBN to/TO reveal/VB how/WRB 
[ stroke/NN patients/NNS '/POS brains/NNS ]
regroup/VBP --/: 
[ a/DT first/JJ step/NN ]
toward/IN finding/VBG 
[ ways/NNS ]
to/TO bolster/VB 
[ that/DT process/NN ]
and/CC 
[ speed/NN rehabilitation/NN ]
./. 

======================================

[ Scientists/NNS ]
also/RB are/VBP exploring/VBG 
[ memory/NN ]
and/CC 
[ perception/NN ]
with/IN 
[ the/DT new/JJ machines/NNS ]
./. 

At/IN 
[ the/DT State/NNP University/NNP ]
of/IN 
[ New/NNP York/NNP ]
at/IN 
[ Brooklyn/NNP ]
,/, 
[ researchers/NNS ]
flash/VBP 
[ two/CD groups/NNS ]
of/IN 
[ different/JJ letters/NNS ]
on/IN 
[ a/DT computer/NN screen/NN ]
in/IN 
[ front/NN ]
of/IN 
[ human/JJ guinea/NN pigs/NNS ]
./. 

Between/IN 
[ flashes/NNS ]
,/, 
[ certain/JJ areas/NNS ]
in/IN 
[ subjects/NNS '/POS brains/NNS ]
are/VBP jolted/VBN with/IN 
[ a/DT magnetic/JJ stimulator/NN ]
./. 

When/WRB 
[ the/DT jolt/NN ]
is/VBZ timed/VBN just/RB right/RB ,/, 
[ the/DT subjects/NNS ]
do/VBP n't/RB recall/VB seeing/VBG 
[ the/DT first/JJ group/NN ]
of/IN 
[ letters/NNS ]
./. 

======================================

``/`` Where/WRB does/VBZ that/IN 
[ first/JJ stimulus/NN ]
go/VB ?/. ''/'' exclaims/VBZ 
[ SUNY/NNP neurologist/NN Paul/NNP Maccabee/NNP ]
./. 

``/`` Trying/VBG to/TO answer/VB 
[ that/DT ]
is/VBZ suggesting/VBG 
[ all/DT kinds/NNS ]
of/IN 
[ theories/NNS ]
,/, ''/'' such/JJ as/IN precisely/RB where/WRB and/CC how/WRB 
[ the/DT brain/NN ]
processes/VBZ 
[ incoming/JJ signals/NNS ]
from/IN 
[ the/DT eyes/NNS ]
./. 

[ He/PRP ]
and/CC 
[ others/NNS ]
say/VBP that/IN 
[ the/DT machines/NNS ]
are/VBP weak/JJ enough/RB that/IN 
[ they/PRP ]
do/VBP n't/RB jeopardize/VB 
[ the/DT memory/NN ]
./. 

======================================

[ Both/DT ]

[ the/DT SUNY/NNP team/NN ]
and/CC 
[ researchers/NNS ]
at/IN 
[ the/DT National/NNP Magnet/NNP Laboratory/NNP ]
in/IN 
[ Cambridge/NNP ]
,/, 
[ Mass./NNP ]
,/, are/VBP working/VBG with/IN 
[ more/RBR potent/JJ magnetic/JJ brain/NN stimulators/NNS ]
./. 

Among/IN 
[ other/JJ things/NNS ]
,/, 
[ the/DT stronger/JJR devices/NNS ]
may/MD be/VB able/JJ to/TO summon/VB forth/RB 
[ half-forgotten/JJ memories/NNS ]
and/CC induce/VB 
[ mood/NN changes/NNS ]
,/, 
[ neurologists/NNS ]
say/VBP ./. 



======================================

[ Du/NNP Pont/NNP Co./NNP ]
,/, 
[ Hewlett-Packard/NNP Co./NNP ]
and/CC 
[ Los/NNP Alamos/NNP National/NNP Laboratory/NNP ]
said/VBD 
[ they/PRP ]
signed/VBD 
[ a/DT three-year/JJ ]
,/, 
[ $/$ 11/CD million/CD agreement/NN ]
to/TO collaborate/VB on/IN 
[ superconductor/NN research/NN ]
./. 

======================================

[ The/DT collaboration/NN ]
will/MD include/VB at/IN 
[ least/JJS 25/CD researchers/NNS ]
and/CC will/MD be/VB aimed/VBN primarily/RB at/IN developing/VBG 
[ thin/JJ films/NNS ]
of/IN 
[ high-temperature/JJ superconductors/NNS ]
for/IN 
[ use/NN ]
in/IN 
[ electronics/NNS ]
,/, 
[ the/DT companies/NNS ]
said/VBD ./. 

[ The/DT materials/NNS ]
,/, discovered/VBN during/IN 
[ the/DT past/JJ three/CD years/NNS ]
,/, 
[ conduct/VBP electricity/NN ]
without/IN 
[ resistance/NN ]
and/CC 
[ promise/VBP smaller/JJR ]
,/, 
[ faster/JJR computers/NNS ]
and/CC 
[ other/JJ new/JJ technologies/NNS ]
./. 

======================================

[ Joint-research/JJ programs/NNS ]
have/VBP proliferated/VBN as/IN 
[ U.S./NNP companies/NNS ]
seek/VBP to/TO spread/VB 
[ the/DT risks/NNS ]
and/CC 
[ costs/NNS ]
of/IN commercializing/VBG 
[ new/JJ superconductors/NNS ]
and/CC to/TO meet/VB 
[ the/DT challenges/NNS ]
posed/VBN by/IN 
[ foreign/JJ consortia/NN ]
,/, especially/RB in/IN 
[ Japan/NNP ]
./. 

======================================

[ The/DT latest/JJS research/NN pact/NN bolsters/VBZ Du/NNP Pont/NNP 's/POS growing/VBG portfolio/NN ]
of/IN 
[ investments/NNS ]
in/IN 
[ superconductors/NNS ]
./. 

[ The/DT Wilmington/NNP ]
,/, 
[ Del./NNP ]
,/, 
[ chemicals/NNS ]
concern/NN previously/RB signed/VBD 
[ research/NN superconductor/NN agreements/NNS ]
with/IN 
[ Oak/NNP Ridge/NNP National/NNP Laboratory/NNP ]
and/CC with/IN 
[ Argonne/NNP National/NNP Laboratory/NNP ]
./. 

[ Last/JJ year/NN ]
,/, 
[ Du/NNP Pont/NNP ]
agreed/VBD to/TO pay/VB 
[ $/$ 4.5/CD million/CD ]
for/IN 
[ rights/NNS ]
to/TO 
[ superconductor/NN work/NN ]
at/IN 
[ the/DT University/NNP ]
of/IN 
[ Houston/NNP ]
./. 

======================================

[ Hewlett-Packard/NNP ]
is/VBZ 
[ a/DT Palo/NNP Alto/NNP ]
,/, 
[ Calif./NNP ]
,/, 
[ computer/NN maker/NN ]
./. 

[ The/DT Los/NNP Alamos/NNP laboratory/NN ]
is/VBZ 
[ one/CD ]
of/IN 
[ three/CD U.S./NNP Department/NNP ]
of/IN 
[ Energy/NNP national/JJ laboratories/NNS ]
designed/VBN as/IN 
[ pilot/NN centers/NNS ]
to/TO foster/VB 
[ joint/JJ industry-government/JJ programs/NNS ]
to/TO speed/VB 
[ the/DT transfer/NN ]
of/IN 
[ new/JJ superconductors/NNS ]
to/TO 
[ the/DT marketplace/NN ]
./. 



======================================

[ J.C./NNP PENNEY/NNP Co./NNP ]
,/, 
[ Dallas/NNP ]
,/, said/VBD 
[ it/PRP ]
issued/VBD 
[ $/$ 350/CD million/CD ]
of/IN 
[ securities/NNS ]
backed/VBN by/IN 
[ credit-card/NN receivables/NN ]
./. 

[ The/DT offering/NN ]
was/VBD priced/VBN with/IN 
[ an/DT 8.95/CD %/NN coupon/NN rate/NN ]
at/IN 
[ 99.1875/CD %/NN ]
to/TO yield/VB 
[ 9.19/CD %/NN ]
./. 

[ The/DT retailer/NN ]
said/VBD 
[ the/DT securities/NNS ]
are/VBP expected/VBN to/TO be/VB rated/VBN 
[ triple-A/JJ ]
by/IN 
[ Standard/NNP ]
&/CC 
[ Poor/NNP 's/POS Corp./NNP ]
and/CC 
[ Aaa/JJ ]
by/IN 
[ Moody/NNP 's/POS Investors/NNPS Service/NNP Inc/NNP ]
./. 

[ They/PRP ]
pay/VBP 
[ interest/NN ]
only/RB for/IN 
[ 115/CD months/NNS ]
,/, with/IN 
[ principal/JJ payments/NNS ]
beginning/VBG thereafter/RB ./. 

[ The/DT expected/JJ average/JJ life/NN ]
of/IN 
[ the/DT certificates/NNS ]
is/VBZ 
[ 10/CD years/NNS ]
,/, with/IN 
[ the/DT final/JJ scheduled/JJ payment/NN ]
in/IN 
[ October/NNP ]
,/, 
[ 2001/CD ]
./. 

[ First/NNP Boston/NNP Corp./NNP ]
is/VBZ 
[ sole/JJ underwriter/NN ]
./. 

As/IN 
[ part/NN ]
of/IN 
[ the/DT transaction/NN ]
,/, 
[ J.C./NNP Penney/NNP ]
will/MD sell/VB 
[ a/DT portion/NN ]
of/IN 
[ its/PRP$ credit-card/NN receivables/NN ]
to/TO 
[ its/PRP$ JCP/NNP Receivables/NNPS Inc./NNP unit/NN ]
,/, 
[ which/WDT ]
will/MD then/RB transfer/VB 
[ them/PRP ]
to/TO 
[ a/DT master/NN trust/NN ]
./. 

[ The/DT trust/NN ]
will/MD issue/VB 
[ the/DT certificates/NNS ]
./. 

[ Credit/NN support/NN ]
will/MD be/VB provided/VBN by/IN 
[ a/DT letter/NN ]
of/IN 
[ credit/NN facility/NN ]
from/IN 
[ Credit/NNP Suisse/NNP ]
in/IN 
[ favor/NN ]
of/IN 
[ the/DT trustee/NN ]
,/, 
[ Fuji/NNP Bank/NNP ]
&/CC 
[ Trust/NNP Co./NNP ]
,/, for/IN 
[ the/DT benefit/NN ]
of/IN 
[ the/DT certificate/NN holders/NNS ]
./. 

[ J.C./NNP Penney/NNP ]
will/MD continue/VB to/TO service/VB 
[ the/DT receivables/NN ]
./.