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Wall Street 


** 


Paris, Tuesday, February 8, 1994 






in Doubt 

Despite Dow’s Rebound, 
ImxtstorsAre Cautious 
On Future of Bull Run 

: By Lawrence Malkin - ' 

- . - intcnuaumalJJcraki Tribune 

-NEW YORK — The stock market regained 
its composure Monday, but there ware as many 
opinions as investors on whether the .uptick in 
U.S. interest rates would eventually pull money 
om of stocks or just cause a blip in the indexes. 
Volatility wasthe only sore tiling. 

^ The Dow Jones . industrial average moved 
sideways during the morning but rallied to 
dose up 34.90 points,ai 3.906JZ The Dow out- 
performed the broader market because its blue- 
chip issues represented a haven in stormy 
weather. Positive: news for Aluminum Compa- 
ny of America and international Business Ma- 
chines Carpi, two components of the Dow,' 
helped draw hinds into tixse issues; 

But investors were edgy, with the American 

Earopean stock markets posted moderate d*- 
efines, bat pikes feB tu many Asian 
‘ ; 11 and 13. - 


u: 






Stock Exchange index holding slightly lower 
and the Nasdaq over-tbe-coon ter index .near 
steady. 

Bond prices also slipped, raising yields on 30- 
vea i Treasury bonds to 6,39 percent from 635 
percent on Friday, with investors reckoning 
that uncertainty guaranteed a ddenshe interest 
rate rise of another quarter percentage point in 
the next month or so. 

- There was no panic. but the big question was 
whether this meant the flood of cash that has 
floated the market up almost 1,000 points in 18 
months was finally drying up. And if it was, 
where would the money go next? 

Although long expected, the aunomxxntent 
Friday by the Federal Reserve Board_thatit was 
raising interest rates for the first time hi five 
years signaled that financial markets had 
moved into anew worJdof market psychology, 
with money tighter and rsicsrmag gradually as 
- >. the economy strengthened. 

' ^ Hun knocked 

fcw-yieldiiig money 'faDdsandputfeig ft into 
stocks, uncial . funds, and <— a nowtity for 
American myesto-ns — forogn Stocks. " 

. Qne uppwderable is - whether this - _flow 
abroad will cbrituaie. TIhs seems doubtful if the 
dollar, continues rising- and. the IIS. market 
con tinuesio dri^'sha£nginvcstor confidence 
in global stocks, mid Vjvran Lewis, editor of 
Global Investing, a. dewsletta; speriafamg in 
mteiTBlicmal stocks, . 

• “Anybody who gets oat of WaB Street believ- 
ing that the end is mgb is certainly not going to 
go ut to places like Mmayaa,” die said. “In ves- 
tors wifi look for safety. As for Euiope, right 
now there is a palpable, movement mto the 
dollar, so strong that you can fed ft.” 

Hugh Johnson. of First Albany Securities, , 
predicted the US. market would drift down 
because average dividend yields on stocks in the 
Standard & Pock’s 500 index are only 2-6 per- 



Allies Want U.S . Action 
But What, Where, How? 

Clinton Administration Is Shadowed 
By Johnson’s Fatal Move in Vietnam 


: : • ' P»aJ (joyoijA&Kt Fni ctPraae 

A Bosnian Muslim tfig g m g a grave Monday lor one of the victims of the mortar attack. 


By Craig R. Whitney 

New York Tima Service 

BONN — The United States and its NATO 
allies are approaching another turning point in 
the history of their failure, and that of [he 
United Nations, to halt the atrocities on Eu- 
rope's eastern doorstep. 

On Monday, in outraged reaction to the 
deaths of 68 people in Sarajevo over the week- 
end in a mortar attack that may or may not 
have been hunched by Serbs besieging the city, 
the 12 countries of the European Union met in 
Brussels and threatened “all the means neces- 
sary. including the use of air power,** unless the 
siege ended. 

But they remained divided about how and 
when to actually cany out the threat, just as 
they were last May when the United States 
came to them with a proposal to use air power 
to try to bring about a negotiated settlement 
Now as then, the Europeans will not act unless 
the United States leads them into action, and. 
now as then, there are many good reasons why 
it may not 

For nearly two years, the European allies 
have tried but failed to bring about a negotiated 
settlement to the war in Bosztia-Herzegovina. 
The allies have also consistently rejected the 
idea that a settlement could be imposed by 
outside military force. 

The Europeans rebuffed the Clinton admin- 
istration last spring when it proposed lifting the 
arms embargo on all of former Yugoslavia to 
give the Bosnian Muslims a chance to arm 
themselves in self-defense, and bombing the 
Serbs' artillery positions and supply lines unless 
they agreed to peace. 

Since then, the United States has persuaded 
the NATO allies to threaten the Serbs with 
bombing if they did not stop their attacks, but 
the Europeans have been reluctant to cany out 
the threat, with the British the most reluctant of 
all because of the possibility of retaliation 
against their troops on the ground with the UN 
in Bosnia- 

So the North Atlantic Treaty Organization 


agreed last August not to drop any bombs 
unless the UN secretaiy-geoeral, Butros Butros 
Ghali, asked it to. 

Will he? Diplomats and officials in Europe 
are not dear about this, nor even about whether 
air strikes would do any good. What they are 
dear about is that the alliance will do nothing 
in Bosnia unless the United Slates leads the 
way. and that whatever Mr. Clinton decides 
will determine the future credibility of his ad- 
ministration and of the alliance as well. 

Frustration over past failures has created a 
c lima te of extreme caution and even disirusL 
At the European Union foreign ministers meet- 

NEWSANALYSIS 

ing in Brussels on Monday, the British were still 
hesitant, and some officials here suspect that 
the French were looking for a way w make the 
United States look responsible if they decided 
to withdraw their forces from Bosnia. 

Chancellor Helmut Kohl, whose country has 
no troops there and no plans to send any, 
concluded after the NATO summit in Brussels 
last month that the countries with troops in 
Bosnia felt that the mission was becoming 
pointless. 

There is a tendency by some countries,'’ the 
German foreign minister, Klaus KinkeL said 
last week, “to wonder whether it makes sense to 
keep peacekeeping troops there if there is no 
willingness to make peace, and I admit that I 
can understood them." 

European and American military and politi- 
cal officials in Bonn agree that the only way to 
impose peace in Bosnia now would be by send- 
ing in a large, U.S.-led international force like 
the one that expelled Iraq from Kuwait three 
years ago. 

“The United States is not ready. NATO is 
not prepared to send armies into Yugoslavia to 
enforce an agreement against the will of the 
peoples there,'’ Secretary of Defense William 3. 
Perry said at a meeting of European defense 

See ALLIES, Page 5 


Clinton’s ’95 Budget Blueprint: A Tight Design 


See MARKET, Page 10 


ByGwenlfiJI 

Nek- fork Tima Service 

J —President Bill Cfaiton ouMonctoy sent 
II SlJTtriJSob budget proposal that reflected the 
gpvtynmenl'sliscal constraints, combining a range of spending 
cuts with modest new initiatives to promote technology, fight 
crime andexpand educational opportunity, . 

Administration officials said the plan represented a reorder- 
ing of the national priorities. But there is little sweeping or 
grand in tbe administration's budget blueprint. 

Hnandngf or xp^orpolky goals, such as overi^uling health 
care and wefrare, will either be proposed later or presented, for 
accounting purposes, as separate from the budget 

Instead, Mr. Gmiao. and his fiscal advisers have produced a 
budge* plan that is permeated by the bitter reality facing a 
Democratic president who came to office with grand ideas bat 
with little money to pay for them. 

Wbite House officials said the new budget, which would 
rediax appropriations for seven of the 14 cabinet- level depart- 
ments and reduce the projected deficit to $176 billion from 
: $302 bnUon, would set tbe nation on the correct path. 

Military spending, however, will continue to rise. 

“If the Congress adopts it, it will keep tbe deficit coming 
down, it will keep interest rates down, it will send a dear signal 
to the Fed and to the rest of the world that we mean business 
and that the investment dimate will continue,” Mr. CKnion 


said in a speech to a business group in Houston. “These tower 
interest rates, if they can be maintained will save over S20 
billion in deficit in next year's budget atone and o-.er SI50 
billion in the next five years.” 

Much of the shape of the proposal was determined by the 
deficit reduction agreement jpassed last year, which set targets 
for taxes and spending for me next few years. In addition, the 
portion of the budget going to entitlement programs and 

Mifitaiy spending to contract I percent after inflation. Page 5. 

interest on the national debt has steadily risen for the last 
decade. That leaves Mr. Clinton little room for maneuver. 

As a result, administration officials said, much of the presi- 
dent's proposed budget is designed to by the groundwork for 
tbe battles to come over the health care plan. 

Mr. Clinton and his aides emphasized that the decline in the 
projected deficit represented the first lime the deficit has 
dropped for three consecutive years since Harry Truman was 
president. 

But Leon E Panetta, the While House budget director, said 
the deficit could continue to shrink only if the fastest-growing 
areas of the budget — including health" care spending — were 
brought under control. 

“If we want to stay on the deficit-reduction track that we’re 
now embarked on," he said, “we've got to begin to address 


these areas, particularly health care, because health care is the 
largest culprit in the entitlement programs right now in terms 
of being out of control." 

Administration officials were happy to emphasize the pain 
of cutting tbe budget, including actions they said would redi- 
rect money from operating subsidies for mass transit, heating 
aid for the poor and public housing constructions to more 
efficient programs that serve the same needs. 

Yet, the budget also contains about $8 billion in new 
spending for programs ranging from Head Start and communi- 
ty policing to drug treatment and job training. 

The dissociated Press reported from Washington: 

Republicans welcomed the cuts Mr. Clinton proposed, but 
chastised him for using some of the savings to beef up other 
programs. 

Senator Pete Domenici of New Mexico, ranking Republican 
on the Senate Budget Committee, said: “They aren't really 
reducing the deficit because the savings don’t get applied to the 
deficit. The savings make room for other spending." 

Because of a robust economy and the deficit-cutting pack- 
age. the president projects next year's shortfall at $176.1 
billion, the best showing since the $1523 billion gap of 1989. 
That is also $126 billion less than Mr. Clinton had expected for 
1995 a year ago. The government would spend 513)8 trillion 

See BUDGET. Page 5 


on a Very Deep U.S. Secret 

? or Military Data 




* 


• " ; By William J. Broad 

Ne» Tmk TunaSenia 

NEW YORK — UK United States has f or 
decades operated a fleet of specially oqr 


submarines whose seem work is to comb -_ r 
’ w aters fr»r militar y i m effijgcnoe virtually unob- 
tainable by any other means, experts m naval 
warfare say. 

These spy submarines are the navy's counter- 
p 3 H‘ In ww wn aiwawcg SSidliUS. TlJCV C 30 IlOt 


only examine au»aui-w|w#» vu y — " •* — 

bm in some cases retrieve or manipulate t hem. 

Tbe naval «cpats -sad ofceetr of i nteres t 
include tost ships, submarines, planes, '^cap- 
ons, rackets, spacecraft and nuclear warheads, 
as weft as functioning equipment, suchasotwr 
countries’ undersea cables and hsteriing do- 
vkw. • .. . . 

Arividexaiiq^trftheiMP^’WtiteBtpiewas 

recently given, to Congress by a ^mcrs^ior 
navy official wf» disclosed an cattfTUSstai os 
one of these submarines, the HabTmL to«mn- 
ine a sunken Soviet submarine m the pacme m 
1968. ’ . - - 


The naval experts said the Halibut was the 
first in a series of these submarines, which 
constitute anew dass of U3. submarine made 
to lower gear-laden cables for deep reconnais- 
. sauce, recovery and manipulation- Typically, 
the experts said, aged attack submarines, which 
are primarily used to hunt nri&sDe-canying subs 
of other nations, are converted for tire role, with 
three or four operating at any one time. 

The method, highly classified for more than a 
quarter ai a century, is important, the experts 
said, because it is still used by the United States 
and peAhps by other countries, such as Russia. 
The disclosure of its existence, they said, may 
have repercussions for military budgets and 
international diplomacy. 

In great secrecy, the submerged subs can 
drop mfles of deettame' cables to the ocean 


reconnaissance and recovery- Most submarines 
are easily crushed by pressure if they go too 
deep, so the long. cables extend tlx: navy’s 


ships, the submarines are 


stealthy, since they cannot be photographed by 
spy satellites and, when stationary and silently 
deploying their deep-sea gear, are nearly invisi- 
ble to acoustic detection. 

The first of these subs performed a recon- 
naissance feat that long preceded the widely 
publicized and much-disputed case of the Glo- 
mar Explorer, the 618-foot (189-meter) ship 
built for the CIA to raise a Soviet submarine 
that in 1968 sank in Pacific waters more than 
three miles (nearly five kilometers) deep. 

Among the prizes presumably carried by the 
sub were nudear arms and gem - for sending and 
receiving coded txwmnumcations. The Explor- 
er’s 1974 recovery effort, which cost more than 
half a biUJon dollars, was only partly successful 
Six years earlier, tbe nuclear-powered Hali- 
but used tbe deep-spying technique to explore 
the ate shortly after tbe Soviet sub had sunk. 

John P. Craven, an engineer who helped 
organize the operation while he was the director 
of the navy’s Deep Submergence Systems Pro- 

See SPY, Page 4 



Kiosk 


Michael Jordan, the retired NBA star, 
alter a workout Monday in Chicago. He 
has signed with the White Sox Class 
AAA affiliate in Nashville. Page 17. 


Kazakhs Anxious 
Over Russia Aid 

Washington Post Service 

ALMA-ATA, Kazakhstan — The leader 
or Kazakhstan said Monday that the United 
Stales and the West were encouraging Rus- 
sian imperial ambitions by providing aid to 
Moscow while neglecting the other former 
Soviet republics. 

President Nursultan A. Nazarbayev said 
that, because of the aid, “Russia thinks it 
can do anything it wants with us." The West 
should “emphasize that aid will be given 
only if Russia follows a democratic path,” 
he said, adding, “You should stick to this in 
practice." 

Business / Finance 

Britain's top financial official called Europe’s 
monetary-union plan “unrealistic." 


Book Review 
Crossword 


PBgeS. 
Page 18. 


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the Dollar 

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116.00 

nevtouadosa 

DM 

V7S8T. 

. 1.781 

Pound 

1.4832 

1.4775 

Vtn 

108-80 

-109.25 

FF . 

5,982 

• . . .5561 

NawsstolKlWctt 


Gaza’s Graffiti Artists Turn Less Anti and More Pro 


Andorra 

KEjsKS. 


Cameron ~l /so a = a 7 j- 20FP 

Es^.-E-P-SW* 

Frnna w ,.~9.00FF senega) -~-.M0.CF A 

Gabon 950CFA soa^.-JCOPTAS 

Greece^. — .J00 thv Tunisia ^.IJQOOWn 
Ivor* Coast ,VT»CFA TartW^TO-lMW 

Johtofc.«i I -ID U.A.E 

Lebanon ...USf 7 Jtt U.S. MU. SI-10 


■ \JSy David Hoffraan 

Washington Pari Service 

GAZA QTY, Isrjtfh'-Occupied Gaza Strip — With delicate 
brash strokes, Maysara Barood gave life to the illustration of a 
snake wrapping around an obw tree in pmsuit of an eagle. 

' What was unusual about Mr. Baroud’s painting was not the 
familiar symbols of Palestinian nationmism, inefudmg tbe 
checkered kaffiyeh scarf on;the wings of the eagle arid the 
minarets of Jerusalem in the distance, Whatmade this painting 
stand out was its location. 

Mr . BaromTs gallery jsr the sandy streets of die Israeti- 
occupied Gaza Strk>, ids canvas the side of a friend’s dnder- 
btocfc boose. HLs aamirera are the neighborhood youths who 
.’gaiheirfliKsfoeL 

Mr.Earoud,' 18, b among a new genre of l^Ieaiman street 
painters wbo have emerged since tire peace accord was signed 
between farad, mid the Palestine LiberatiM Organization on 
Sept. 13. Suddenly, (2k walls of Gaza are blooming with 
caricatures and rotorful murals. 


1 


More significant, the tone of their wort: is becoming some- 
what less antagonistic toward Israel aod more celebratory. 
There are still ufusirations of Kalashnikovs and knives, but the 
walls are now filling with slogans extolling Palestinian leaders 
and organizations. 

Although Mr. Baroud portrayed Israel as a snake in his last 
pain tin g he said that as soon as the Israeli soldiers begin 
pulling out of Gaza, “I will draw a picture for kids to tell them 
tbe era of stones is over." . , 

The walls of Gaza are the Palestinians version of a news 
ticker tape, ( fora has no local daily newspaper, and the Arabic 
papers from Jerusalem that circulate here are censored by 
Israel. So the walls are a media outlet ~ some Palestin- 
ians rail a “newspaper without censorship." 

Ossama Ali i*s a, & tailor by trade and aspiring artist by 
hobby, was fflring out the window of a Gaza taxi recently as 
the endless, flowery graffiti whizred by. On <me wall, the 
freshly painted word “Palestine" in Arabic turned into a boat, 
with an automatic rifle as the mast 


f 


“Anybody can do that,” Mr. Ali Issa, 28, said with a 
grimace. “Anyone can write graffiti, even with spelling mis- 
takes. But painting, only tbe artist can do it. And a good 
picture, like a caricature, needs no further comment." 

The art also reflects volatile public opinion. The Palestin- 
ians’ mood soared after tbe peace agreement but has since 
plummeted as Israel’s withdrawal has been delayed. Grand 
tributes to the PLO chairman, Yasser Arafat, have been 
defaced in some neighborhoods. 

What is surprising about the street artists is that most are not 
young firebrands, but dedicated artists, not the type to be 
slipping out in the night in masks, with cans of spray paint. 

Fayez A Sirsawi, director of an an program at the Gaza 
YMC A said the political struggle often overwhelmed artists, 
especially the young. Before and during the intifada, he said, 
“art was provocative and fulfilled political ideas." He added: 
"But after the peace agreement, you could fed the change. We 
looked at the walls, and we found they were more optimistic 
than before." 


No. 34,506 


Christopher 
Sees Decision 
On Sarajevo 
Within Days 

Blaming Serbs in Attack, 
He Says NATO Options 
Go Beyond UN Scenario 

Compiled A Our Staff FK W Dispatches 

WASHINGTON — Secretary of Suie War- 
ren M. Christopher accused Bosnian Serbs on 
Monday of a pattern of shelling against civil- 
ians and said that NATO would decide on a 
response within days. 

Speaking at a State Department press confer- 
ence, Mr. Christopher reaffirmed that a “whole 
range of options." including military retaliation 
for the mortar attack on the market in the Old 
Town of Sarajevo, were under consideration by 
the Western alliance. 

Mr. Christopher said the possibilities for 
retaliation go beyond those pos^ by the UN 
secretary-general, Butros Butros Ghali, who 
asked NATO on Sunday io approve punitive 
air strikes following the attack. Sixty-eight peo- 
ple were killed and more than 200 wounded by 
the mortar that hit the market Saturday. 

“We will respond to the specific, rather nar- 
row request of Butros Ghali. which we think is 
appropriate and will support, but we will not be 
limited to that," Mr. Chnstopher said. 

President Bill Gin ion said in Houston ihat 
the United States supported the UN request for 
retaliatory air strikes. 

“I have directed our representatives at 
NATO to support the secretary-general’s ro- 
quet when it is discussed there in the next 
couple or days." he said. 

Defense Secretary William J. Perry said 
Monday that the United States would propose 
options to NATO this week for allied action in 
Bosnia, possibly including air strikes. 

“By Wednesday, we will be telling the world 
what we believe in this area.” he said. “We will 
have a concrete set of proposals about how to 
deal with the problem." 

“The issue is what strategic options can be 
taken that can somehow accelerate the peace 
process and get it to a quick and satisfactory 
conclusion," be said. 

“To the extent any use at ail of air strikes 
furthers that strategic abjective, then it is worth 
consideration. To the extent air strikes slow 
that down and put it off ihe track, we ought to 
reject them categorically." 

Mr. Christopher did not explain what other 
actions might be taken, but he said that apart 
from the attack Saturday — for which there was 
only a strong presumption of Bosnian Serb 
responsibility — the Serbs had carried out a 
senes of assaults on civilians. 

While acknowledging that there has been no 
official finding that Bosnian Serbs fired the 
mortar into the marketplace, he said Serbs were 
found responsible for the recent shelling of a 
food line and other attacks. 

The death toll from Saturday’s shelling “was 
not only the worst since this tragic conflict 
began, it is also a pan of a pattern of shelling of 
civilian areas by Serb artillery that has contin- 
ued despite NATO’s repeated warnings." Mr. 

Christopher said. 

“We expect that the North Atlantic Council 
will decide on a course of action or an overall 
strategy" in a few days, he said. 

Mr. Christopher’s statement came as the 
chairman of die House Foreign Affairs Com- 
mittee called for using NATO air strikes against 
the Serbs besieging Sarajevo, and a senior Re- 
publican senator said it was time to end the 
“indecisiveness of NATO." 

The committee chairman. Representative 
Lee H. Hamilton. Democrat of Indiana, and 
Senator Richard G. Lugar. Republican of Indi- 
ana, agreed during a joint appearance cm NBC 
on Monday that it was time to use air power, 
but they differed on how broad the military 
response should be. 

Mr. Hamilton said air strikes were “in order 
See BOSNIA Page 5 


Hope Is Fading 
For Inspections 
In North Korea 

By R. Jeffrey Smith 

If'iuAingiiwi Past Service 

VIENNA — As North Korea’s decision to 
spurn nuclear inspections marks a one-year 
anniversary this month, the time for negotiating 
with the hard-line Communist state by most 
accounts has nearly run out. 

Officials in Washington desperately have 
sought to keep the prospect of a diplomatic 
solution to the inspection dispute alive, even to 
ibe point of seeking private assurances from the 
International Atomic Energy Agency last De- 
cember that the matter was not ready to be 
referred to the UN Security Council. 

But the Vienna-based inspectors and senior 
staff of the atomic agency, wbo have tried 
repeatedly and unsuccessfully to get North Ko- 
rea’s compliance with a 1992 ’inspection pledge, 
said in interviews here that they had exhausted 
their patience for niggling with the country and 
would be satisfied if the agency’s board of 
governors handed the matter off to the United 
Nations. 

Several senior U.S. officials, including a fer- 
vent supporter of the yearlong diplomatic ef- 
fort. said last week that they agreed that North 
Korea must accept inspections of all of its 
declared nuclear facilities no later than Feb. 21- 
22, when the atomic agency's board is sched- 
uled to discuss calling for Securin' Council 
action. 

That stance represents a reversal of the Clin- 
ton administration’s long-standing desire to put 
off & direct confrontation with the Communist 
nation by buying time for more diplomatic 
dialogue aimed at opening up North Korea’s 
nuclear facilities to intenunonal inspection. 
The administration's aim has been to avoid 

See KOREA Page 5 


> 





»*-»■ f'tm 


>fr~ can 





Outfitting an Army? East Germans Are Deep in Surplus WOKLD BRIEFS 


By Rick Atkinson 

Washington Past Service 

FURSTENWALDE, Germany — They 
come in groups, and they come alone. They 
come from farms and villages in Eastern 
Germany, or from Hamburg and Munich 
and other big dues in the West. They come 
by the thousands to a drafty warehouse in 
the middle of nowhere for what may be the 
world’s biggest cash-and-carry rummage 
bazaar. 

For sale: One army, slightly used. 

Outside this rural town, 32 kilometers 
(20 miles) east of Berlin, the final dismem- 
berment of the defunct East German Army 
has begun with a huge clearance sale. 

Here, the German government is amass- 
ing the more prosaic items once needed to 
keep a half-million troops in fighting trim: 
binoculars and buckets, tarpaulins and tire 
pumps, shovels and signal flags. Every- 
thing must go. 

“If we determine that the prices are too 


high, it’s possible that well lower them 
later," said Peter Dirfard. operations direc- 
tor for the company supervising the sale for 
Bonn. “But right now we’re selling every- 
thing.” 

On a recent day, 1400 buyers swept 
through the warehouse spending 108X100 
Deutsche marks ($61,000). They paid Si. 40 
each for 5-liter (1.3-gallon) jerricans; S3 for 
big glass jugs suitable for fomenting 
homemade wine, and Sll for leather map 
cases, complete with colored pencils, stop- 
watch and straight edge. 

Perhaps the most popular items are Zeiss 
binoculars at S8S a pair. More than 3,000 
have been sold since the warehouse opened 
Dec. 16. Some profess interest in bird- 
watching. Rdmund Schmidt, a retired East 
Berliner, joked that his pair would be 
handy for keeping an eye on the neighbor*. 

So much mat6rid has been found in 
about 80 East German depots that Mr. 
Dirfard estimates it could take three years 


to sdl it all. Two more warehouses will 
open this month, and a fourth, near Leip- 
zig, is to begin operations in March. 

As customers laden with booty exit 
through one door in the Fuistenwalde 
warehouse, forklifts haul in new crates of 
pickaxes and dre chains through another. 

Not to be f bund in the inventory here are 
the more lethal trappings of East German 
military power. Since shortly after German 
reunification in 1990, the Bonn govern- 
ment has been selling, scrapping or refur- 
bishing the immense armory inherited 

from the East That includes nearly 600 
modern tanks, 295,000 tons of mumtioos, 
more than a million pistols and 4400 tons 
of rocket propellant. 

Less than 20 percent of the arsenal is 
considered usable by the German military 
or other federal agencies. Thai includes 24 
MiG-29 fighters and nearly 900 armored 
personnel carriers. 

But, as Mr. Dirfard noted, Bonn’s 
preunification army “had about 490,000 


soldiers, and now it’s going down to 
around 360,000, so they have a great sur- 
plus of their own.” 

Consequently, the great majority of East 
German materiel is excess, including 
26446 rocket-propelled grenades, 549 T~72; 
t anks and 251 Mfc-21s. 

Some equipment has been demilitarized 
and sa)d abroad, including many of the. 
East German Navy’s 192 ships. Scores of 
MiGs and hundreds of armored vehicles 
and artillery tubes have been cut into 
scrap. 

German officials stress that they are tak- 
ing pains to prevent surplus weapons from 
falling into the wrong hands. 

In addition to weapons, the government 
is disposing of 85,000 East Goman Army 
vehicles, including 52,000 trucks. At least 
9,000 vehicles have been sent to Russia and 
other republics of the formei Soviet 
Union; thousands of others are an public 
sale at huge lots. Field kitchens, sanitation 
equipment and power generators have 


been donated to charitab le organizations 
or commumtks in Eastern Germany. . 

In Ffirstenwalde, however, the offerings 
do not get much more exotic than pidkaxes 
and bands of hand soap. Few buyer# seem 
animated by sentimental impulses;' most, 
like the hunter from Brandeiburg boyinga 
set of infrared lights “to keep my dogs 
warm," are looking for bargains. 

The volume of stuff suggests how much 
of East Germany's wealth went into outfit- 
ting its army. Here, for example, an enter- 
prising mechanic can find not a few odds 
and ends for his tool chest bnt thousands 
upon thousands of wrenches. 

‘This was an array which was very wdl 
equipped,” said Mr. Dirfard. 

Thu also was an army that in subtle 
ways was as anachronistic as the political 
system under which it served. A single 
example speaks volumes. Included in each 

tils and stbjw&tch, is a new slide rujc°a 
quaint artifact abandoned by American 
officers 20 years ago in favor of calculators. 


President Brittan? 
Europe Trade Chief 
Tries the Hard Sell 


By Tom Buerkle 

International Herald Tribune 

BRUSSELS — For Sir Leon 
Brilian, the European trade chief, a 
hectic travel pace didn't stop with 
December's world trade agree- 
ment 

But rather than shuttling to 
Washington, Tokyo and Geneva to 
push for lower tariffs, these days 
Sir Leon is making the rounds erf 
European capitals to press his can- 
didacy to succeed Jacques Delors 
as president of the European Com- 
mission. 

With visits to The Hague, Rome 
and Madrid in recent weeks, Sir 
Leon has sought to capitalize on 
the accolades be won for pulling off 
a trade deal that satisfied free-mar- 
keteers in Britain and Germany 
while still giving France conces- 
sions on agn culture and movies. 

Keeping his name in the head- 
lines appears to be the best way of 
taking on the perceived front-run- 
ner for the post. Prime Minister 
Ruud Lubbera of the Netherlands. 

“As he's a challenger, he’s mak- 
ing a real campaign,” said a Euro- 
pean Union official in Brussels. 
“That is his chance. The question 
is, will Paris back him?” 

Sir Leon has been trying to mod- 
erate his image as an economic ul- 
traliberal, earned through his de- 
fense of free trade last year and his 
vigorous fights against state aid to 
industry in his previous post as 
Europe’s competition commission- 
er. 

Prior to his visit to Madrid last 
week, he boasted to the Spanish 
daily El Pais that although Britain 
was supporting his candidacy, “Ev- 
erybody knows that my views 
aren't the same as those of the Brit- 
ish government.” 

The unusual public campaign 
sheds some light on the secretive 
process of picking a president of 
the European Commission, the Eu- 
ropean Union's executive agency. 
The decision normally is taken be- 
hind closed doors by heads or gov- 
ernment, who are expected to 
anoint a successor at their summit 
meeting on the Greek island of 
Corfu in June. 

The race also comes at a critical 
lime for the commission, which is 
largely bereft of direction as Mr. 
Delois approaches the end of his 
10-year reign this December and 
most of his 16 commissioners pre- 
pare to depart 

After the fast-paced innovations 


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of the past decade, when the Delors 
commission issued hundreds erf 
laws to establish Europe’s single 
market and was a driving force be- 
hind the Treaty on European 
Union, many EU officials believe 
the commission should be less of an 
initiator and more of an adminis- 
trator. 

“We have to turn into an imple- 
mentation agency,” said an official 
dose to Set Leon. 

Whatever the commission's role, 
Mr. Lubbers remains the most-like- 
ly candidate to take charge of it, 
EU officials say. As a Christian 
Democrat from a small state that 
has never held the presidency, he 
would be an ideal successor to Mr. 
Delors, a French Socialist. 

Moreover, as prime minis ter for 
the past 1 1 years, Ik is one of the 
senior members of the exclusive 
group that win make the final deri- 
sion. 

“He's from the club," the EU 
official said. 

As the inside candidate, Mr. 
Lubbers is keeping a low profile. 
His spokesman said the Dutch 
leader was more concerned now 
about local and parliamentary elec- 
tions in March and May than in 
European affairs. In any case; he 
added, “Maybe the best campaign 
at this moment is to keep your 
mouth shut" 

Sir Leon also hails from the po- 
litical right, however, and support- 
ers say he is the most pro-European 
candidate that Britain’s Conserva- 
tive Party could ever put forward. 

Officially, Sr Leon also denies 
any campaigning. A spokesman 
said his trips were part of an effort 
to wrap up details of the Uruguay 
Round trade deal 

But Sir Leon's travel agenda has 
extended beyond trade, including 
sympathetic comments about Ita- 
ly’s efforts to privatize its debt- 
ridden state industries and open its 
market to imports of Japanese 
automobiles, and support for 
Spain’s demands for a more-active 
EU pdicy toward the countries of 
North Africa. 

Next month, he is due to publish 
a book entitled, “The Europe We 
Need." Officials dose to him say it 
wQl encompass ideas he has spelled 
out in recent months to bridge the 
gap between Euro-skeptics and in- 
tegrationists, such as calling for 
more-independent interest-rate 
policies by member states while 
still supporting the eventual goal of 
a single currency. In other words, 
no federal United States of Europe 
but more than just a glorified free- 
trade area. 

“Leon has to establish himself 
more in public in order to influence 
the inner circle,” said an aide. “He 
will certainly give Lubbers a run 
for his money." 

Ultimately, aides and EU offi- 
cials say Sir Leon's chances will 
rest on whether he can persuade 
PbrU that bis success in accommo- 
dating their demands during the 
trade talks should be repaid with 
the presidency. His supporters are 
confident, pointing out that France 
has clashed often with the Nether- 
lands over its free-trade policy. 



Michael Serf, left, and Andreas Weather, second from left, with their lawyers Monday after receiving kmg prisansentences. 

German Neo-Nazis Are Imprisoned for Killing 


Reuters 

WUPPERTAL, Germany —Two German 
skinheads and a Polish-born bar owner were 
imprisoned Monday for kicking and burning 
a man to death because they thought be was 
Jewish. 

Andreas Wember, 26 was sentenced to 14 
years in prison, Michael Serf, 20, received 
eight years in youth detention. The bar own- 
er, Marian Jan Glensk, 32, received 10 years 
in prison. 

Mr. Wember bowed his head, Mr. Serf 
looked troubled and Mr. Glensk swallowed 
hard as the presiding judge, Rolf Watty, 


handed out the sentences after finding them 
guilty of murder and infbeting grievous bodi- 
ly harm. 

Judge Watty said Mr. Wember and Mr. 
Serf, encouraged by Mr. Glensk’s remark 
that “Jews have to burn,” brutally attacked 
Karl Hans Rohn, a Wuppertal butcher in 
November 1992. They had been drinking 
heavily. \ 

Judge Watty said: "As long as there are 
Germans in whose names Jews were mistreat- 
ed and killed in concentration camps and gas 
chambers we must take it upon ourselves to 
be especially watchful against right-wing ex- 


tremist developments.” Defease lawyers said 
they would appeaL 

Mr. Glensk, after hearing Mr. Rohn say he 
was half Jewish, shouted: “Jew! You must go 
to Auschwitz. Auschwitz must be opened up 
again. Jews have to burn." 

The judge said tins, had been .an explosive 
statement that triggered the attack cm Mr. 
Rohn, 5% .-.••• • 

Judge Watty said Mr. Rohn, who was not 
Jewish, sometimes c laime d in. bar convena- : 
tions that he was half Jewish- to gain sympa- 
thy from Germans who felt guilty about the 
Holocaust 


Ukraine to Join New NATO Program ’ 

'KIEVfNYT) — Uknuw rfinbanced brer 

joift NATO’s newprogram for adfiBiy cooperation with to Eorc^ 

its 

apart from tte West tttmitaty. 

coopentnon, the news agent httetfatc-UtaM 
Tim Weston military alliance has promoted 
known as the Partnership for 4 s a . - 
membership forfonner Warsaw ^ 

joint mffitaiy and training exercises with NATO. Ukraine l 
Uk, nont i* ,-B arsenal of forma Soviet nuclear weapons- 

Iran Holds 20 in Assassination Plot : 

TEHRAN (Reuters) — Bran said Monday that it had attested more 
than 20 “morally corrupt” suspects in a plot to assassinate Presiden t 
Hashoni Rafeamam last week* mdndrng some talked U> Irftislgnjnps. 

In telligence Minister Ah' Faflabiyan, who is m dmrgs of mtenrf. 
security told the newspaper Hamshahri ihat KouroSh Nikakhtar, a man 
held after shots were fired when Mr. RafsaigarfTOmrfdi^a^eech last; 
Tuesday, was a member of a “dandesone tcro rifl grou p- . , , t 
“More than 20 of the central core of tins network who were somehow 
involved in the plot,” the minister said, “had knowledge of the assasana- 
tion plan or had cooperated have been arrested.” He added that those 
aneaedwere “morally corrupt, drank akobd and were drug addicts. 

Opposition Figure lb LeadCostaRfca 

SAN JOSE, Costa Rica (AP) — Josi Maria Figncres, the oppration 
candidate and son rf a , revered political patriarch, won Costa Ricas 
presidential ejection Sunday, promising to slow free-maricet reforms and ■ 

^i^mOTe^^n^wo-thir^rf the vote counted, Mr, Kgueres had 
632,075 votes, and the economist MggudAngd Rodriguez had 601,885 
votes, the Supreme Election Tribunal said. . . 

During the acrimonious campaign, Mr. Figueres, son of a three-tune 
president, Jcsfc (Fepc) Hguerra Ferna; promised » provide wrffMe 
prog rams for thousands of poor Costa Ricans. At 39, he will be the 
country’s youngest president. ' 

Peru Guerrillas Set Oft Blast in Lima 

cd a car bomb at Peru’s air 
, killing two people, • A 
11 — authorities tmd ‘ 


UMA (Renters) —Maoist 
force headquarters in central lima on 
wounding several others and damaging a 
witnesses said. 

Shining Path guerrillas drove the car with an undetenmned amount of - 
explosives into an empty , three-floor building at the complex that was to , 
be the future home of the air force museum, police and air fence officials 
priri 

A p*«wip taxi driver arid a pw*«Miger were killed .when the bomb . 
exploded, the police said. Two others were seriously wounded, and an - 
lurfetennined number suffered tight injuries in the explosion, they added. 

Former Italian Banker Surrenders ; 


MILAN (Renters) — The fanner ctainnan of Italy’s largest savings) 
bank, who has been accused of corruption, sunenderedon Monday to the- 

authorities. " 7 . ~ : 

Roberto Mazzotta. rihamrum of Cassa <fi RispamnodeDe Provmdei 
Lombard*, tuned himself in at a border post with Switzerland north of* 
Milan Investigators issued an attest warrant for Mr. Mazzotta 'last! 
Monday, whence was out of the country, as part of a probe into pnqxrty ! 
deals by the bank’s pension funds between 1985 and 1992. 

Carlo PoDi, a deputy rhafrman of the bank, and two senior officials, ; 
indndmg the head of the bank's pension fond, were arrested aweekagn.i 

For the Record 

The International Federation of Newspaper Publishers has named . 
Omar Belhouchet, the director erf the 'Algerian daily El Watan, as the : 
retipfeutof its annual press freedomprizeL . . .... fflTTJl 

•' •' . '• ' ' ' • ' ' i 

Connection 

Because of an editing error. Quotes in it dispatch from Beging in 
editions of Feb. 5-6 were mistakenly attributed to John Kaxnm, an 
American human rights advocate. Mr. Kmmndjd not comment on tiuee_ 
dissidents released from Ounere prisons- Remarks about the dissidents 



TRAVEL UPDATE 


Mandela’s Harsh Message to Whites 


Vietnam Punishes Nostsdgpst 

A genet France-Presse 

HO CHI MIN H CITY — A 52- 
year-old man who unfurled the flag 
of the former South Vietnam dur- 
ing Ho Chi Minh Gty's first inter- 
national marathon m December 
1992 has been imprisoned fen* 15 
years, an official newspaper report- 
ed Monday. 


By Bill Keller 

Hate York Times Service 

JOHANNESBURG —Nelson Mandela had 
watched a cow being artificially inseminated. 
He had cuddled some children and kicked a 
soccer ball for photographers. He had reveled 
in the intoxicating pandemonium of a star- 
struck black township. 

It was time for the candidate to meet white 
voters, and the conventions erf this Western- 
style political campaign seemed to call for an 
how or two of gentle courtship. 

The 400 white businessmen and academics 
who waited politely in the civic center of Potchr 
efstroom. a farm center in the Afrikaner heart- 
land, were moderates by local standards, not 
hostile, but wary of the man they assume win be 
their next presidenL They hoped to be reas- 
sured. 

Instead, the man introduced to than as 
“Comrade PresidenL Nelson Mandela” was less 
a suitor than a Dutch Reformed pastor facing a 
congregation of tinners and brooking no ex- 
cuses. He upbraided them as selfish, hypocriti- 
cal and rarisL 

“You are interested only in whites, not in the 
people of South Africa,” he scolded, exasperat- 
ed by their appeals to be left alone and their 
fears of the Communists among his friends. 
“Why should I even listen to youT 

He had words of reconciliation, too. but the 
essential message was clean You are not in 
charge here anymore. Get used to it. 

With nearly 12 weeks until South Africa's 
first free elections in April, and some parties 
still deciding whether to join the contest, there 
has already been a palpable shift of power from 
the lame-duck white government to the black 
majority, and to the main custodian of its 
aspirations, Mr. Mandela. 

As he barnstormed this week across three of 
South Africa's four provinces, be was no longer 
the negotiator and compromiser. He was re- 


establishing himself as the man who will bring 
dramatic change 

Mr. Mandela's itinerary is a daily reminder 
of how much remains to be changed. 

Despite the repeal of segregation laws, South 
Africa remains, by force of social pressure and 
economic inertia, a constellation of separate 
societies. 

The candidate's schedule listed a series of 
white towns — Fotchefstroom, Sasolburg, 
Bothaville. Kroons tad — with cozy houses, 
neat lawns, paved streets and supermarkets. 

But usually the Mandela motorcade by- 
passed the comfortable white towns accus- 

r We have buried that 
National Party on which 
you pin jour faith.’ 

tamed to being the center of attention and 
headed for the dusty, impoverished satellites 
where the newly enfranchised majority lives. 

These places — Ikageng, Zamdda, Kgot- 
song, Maokeng — are sometimes unmarked or 
mislabeled, and always out of tight of the white 
minority. But they are more populous than the 
white towns and growing with a relentless ac- 
cretion of squatter shacks. 

As Mr. Mandela passed the commercial ar- 
eas where all races stop, many blacks stepped 
forward and raised their fists, while whites 
retreated into doorways and glowered. 

The motorcade would roll onto a barren 
soccer field surrounded by rickety bleachers, 
and the township would erupt in a show of 
delirium surpassing even the one that greeted 
Mr. Mandela '5 release from prison four yearn 
ago. This, after aR is their own release. 

The throngs hung from lampposts and dung 
to fence lops. They filled the bleachers under a 
blaze of sun umbrellas, and dimbed to the 


corrugated iron canopies, chanting and danc- 
ing. ‘ . 

Poll-takers reckon Mr. Mandela's support 
among whites at 1 or 2 percentage points. In the . 
black townships it seemed that , his support , 
could be better measured with a seismograph ■ 
than a poflL 

In Ikageog and other towns, the majorettes 
came from the high school, the township rock 
band played, former guerrillas arrived in cam- 
ouflage uniforms, and women’s choirs paraded, 
tinging: “Forward we are marching to the peo- 
ple’s government.” 

The message Mr. Mandela brings to black 
voters is ambiguous. 

As the man whose party is expected to domi- 
nate the next gov e rn m ent, he wants to dampen 
utopian expectations. And so he counsels real- 
ism. 

But as a candidate who craves the largest 
possible majority, he wants voters to under- 
stand that Ik did not bargain away their futures 
in all those years of negotiationswrth President 
Frederik W. de Klerk. He intends to be the 
president of the neglected. 

Towards whites and political opponents Mr. 
Mandela urges tolerance, often Ulnstrating the 
pant by appearing with white officials from 
nearby towns, or by reminiscing about the 
kindly Afrikaner jailers who, during his 27 
years in prison, brought him newspapers and 
extra rations and called the inmates “gentle- 
men.” 

He rebukes those who have bedded Mr. de 
Klerk and menaced canvassers for rival parties. 

But he no longer talks of coexisting with Mr. 
de Klerk’s National Party after the elections. 
He talks of crashing h. 

“We have buried that National Party on 
which you pin your faith," he told the whites in 
Poicfaefstroom. “The National Party, after 
April 27, will be a forgotten factor in this 
country” 


Malaysia Inaugurates Snperhi^iway 

KUALA LUMPUR (Combined Dispatches) — Malaysia on Monday 
offidaDy opened a SPO-lolometer (550-nrikr) superiughway iuming fbt£ 
length rfPatinsularMalaytia, completed more thap 15 months ahead off - 
schedule bnt at a staggering cost, ;■ t V 

Man of the highway was already open to traffic, and officials opened-- 
the final 30-kilometer stretch from Tapah to Gogieng. It is a foar4an4 
hi^^with72multilevdmtasectioiis and‘60 tefflgates. • 

The highway, from the pemnsrfa’s iaorthem : border with Thailand «£ 
the causeway with Singapore in the south, cost. 5.9 trillion ringgit (S2J& 
billioii), up from the original forecast of 3.4 MHon ringgit, o ffiqrfs saiot] 
Warit on the highway tegan ra 19891 • - fAFP^AP^ 

Most of Calcutta’s transport operators stopped wnfc on Monday ta£ 
'demand higher faxes to offset a rise infud prices, crippling India's biggest, 
^ . ‘ iReutcrfy 

Authorities at the Yda, Sri Lanka , wQdffe. park are planning tdS . 
introduce shorter visiting hoars, more prohibited zones and limits ok 
safaris to deal with an era-increasing tide of tourists. (AFlf, 

TVnfcey wH retaH the 472-year-old bridge m the Bosmaajaty pfe - 
Mostar that was dwtroyed by gunfire last year. Foreign Minister HtkmeC 
Cetin signed a reconstracticai agreement Monday with the writing* 
Bosnian oil tore minister, Eoes Drakovic. (AP)*' 

LtraphwoBea stopped work at MarsKfle’s main passenger port 

nulAVWhni Vn tint mTiHMiM J - .1 



juumuo / jwuviyvucxxncu uaoLca py annorea venreies entered the' 

port area to take over gates controlled by protesters. Employera of thrf ' 
Sod Marine construction firm, which -is in receivership, have been* 
blockading the gates since Wednesday. 1 (Reuters)^ 


--•X 


--a 


Venice and Mainland Mestre 
Vote Down a Bill of Divorce 

The Associated Press ... 

VENICE — The 68-year union crfVeuice and Mestre, its indastri- 
al neighbor on the mainland, has withstood another test. For the ' 
third tune m 15 years, voters defeated a referendum proposing i 1 
divorce The proposal was tweeted by a 56-U>-44-percent margin: in ‘ 
the nonbinding referendum Sunday. 

ponents said a saturation would let Vance better attack its'* 
_V. position and frequent floods. The two ; 

cm« were jmned m 1926, when Venice had nearly 200,000 people I 
and Mestre 20,000. Since then Venice has shrank to 62JXX) peoite~ i i 

white Mestre has. mem than 200,000. 


o 

V 

E 

R 

H 

E 

A 

R 

D 



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EVTERNATIONAL HERALD TRIBUNE, TUESDAY, FEBRUARY 8, 1994 


POLITICO 


& fe%4 


J? 4^- fi 


2 af il 




j + POLITIC U. Mill-* 


ggjggg ^g_Pwlg»fcSo€aai S+curtty Threat? , 

the; capitaTs most sensitive 
ff®® 18 <* ■ ^ proposed oonstitofional 

^SS2SK5ffl5Sa5Ha*sL*?ft b “ efits -. 


gfidy. Aad Senator Pnl Smon, an 
measures sponsor, said that, ini 


,Jtes«rssrss5sffi^ 

bodgrt to.be balanced by 1999, but Mr. Smc^arid he S 
sAstimte a version dekymg the deadBne to 2001 to make the 
■transition eaaeL .. . “ a “-.r ! 

1 ■* topraitotha* to 


j . ,, — q—'“*«*ww *««« waiuu% (Hal WUUiU 

J lA? irSi ' art m indrvidnal Social Security benefits in 1999 , 
auu about 5100 more m 200 ]. • 

When ie^iUa a c h a] kn g e d those assumptions, observing that in 
£S£ ^at twfcctioa {adages, taxes . have played a part, Rm 
PPDfldu headof Fmmbes USA, said that exeemlor Mr. Simra, most 
or tne amadmenrs backers say they want spading cuts, not tax 
• ^ eascs - - r . . ■. • t-.: V ;;■■■ .■ -.am). 

Antf-C^no Sentiment Wtakanaht N.Y. State 


ALBANY , Y«k — A long do rman t proposal to legalize 

casino ga mbling in New York State is gaining broad s uppor t m the 
. Icg tslat m e, Spurred -by . the wfldfite, spread and menace nf ramtu-ffi 
■ dong the Mississippi River, across the- border' m Quebec and oh' an 
Indian reservation. ■■ 

Supporters say casinos will create jobs, attract tourists and gmer- 
ate mi th o nsin tax revcnnesJBiit.wfaat is nai^idiiv^tliejprqxisal 
forward tins' time is a weakening. of the roposjum: With casinos 
sprouting throughout the Northeast; it has beco me nv*n» diffinnh to 
argue that this is an aberrant mdnstry W k/V)ati*H m Atlantic Qtv 
and Nevada. . . - ' - “ ... 

“I always opposed it in the past,” said State Senator Franz S. 
Leicbier, a Manhattan Democrat “Boi the fact & itfs really here and . 

• maybe we ought to let it happen.* ; - 

Thc earikst a referendum cm the proposal could go before voters 

• would be November 1995. ; 

Both sides acknowledged that pressnretopass a gatnbHng bill was 
growing: Groups jeoreseaimg restanrant rad" resort owners from 

New Yorif fSty, thoyaldnlls, Niagara palk, tire Finger Lakes region 

rad the Adirondacks have begpn lobbying in Albany. 

But what has most revived the casino movement is the spread of 
Indian gam^ma^ possiWeua&xn 1988 federal law. Iml§92,the 
Mashmtucket Pequots opened a casino in Lcdyaid, Connecticut, 
that is earning mate than $26 mfflmn a month. . (NYT) 

. Emrtroninut Agucy En d o r— ftnoUngBw 

WASHINGTON — The CEnton administration has endorsed 
legislation to bansmoking in virtually aB businesses and public 
‘ buddings ebreept in speriafly ventilated rooma 

The Enviro nmental Protection Agency administrate;, Carol • 
Browner, told aHoure hearing the dangim of smoking to nonsmok- 
ers, especially Aikhm.justifiedtheres triiak ms.'nie tobacco Indus' 
try smdtbe fell vrasextriane rad mgtadfird. - {Rotten} ■ 

Quote/ Unquote . y V ~ . : - , . 

Representative LeeitHraHhoiLDrawcrat of Indima^mpossir 
We air strikes in Bosnia: *T do not thmkyou wH find support among 
our allies. far avery^notdened, extended air war. WnU yotfrenow 

wring dittrn«nri u and ywymgriifly ar» tmirh mnrt» ItmilM 

uses of airpower, vduefa I woeW support. I don't tlnnkwewant to 
broaden this war. I tkm't drakwewanttomakeitaULS. war ?(AP ). . 


California Politics 

Aftermafli Rearranges the Outlook 
For Wilson and Gubernatorial Rivals 

By Jane Gross 

. . New York Tunes Service 

LOS ANGELES — The deadly earthquake that moved mountains and 
toppled buildings here last mama also changed the political landscape of 
California, shifting the terrain in a crucial race that will pit an on pop alar 
Republican governor against one of two Democratic challengers for his 
job. 

There is widespread agreement that the earthquake on Jan. 17 breathed 
new life into the political fortunes of Governor Pete Wilson. The quake 
also jump-started the underdog primary campai g n of John Garamendi, 
the state insurance commissioner, and raised questions about whether 
Kathleen Brown, the California treasurer and Democratic front-runner, 
is the inevitable winner she once seemed in the June primary. 

The main benefkaary of California's latest calamity, political experts in 
both parties agree, is 'Governor Wilson, a practiced hrad at coping with 
disasters. -IBs job performance ratings improved in the weeks after the 
eanlupiake, accar ding to a statewide poU 

The governor, who has issued disaster declarations for fires, floods, 
riots; toxic spills and droughts in 56 of the state's 58 counties since taking 
office in 1991, toured (he devastated areas after the earthquake in his 
trademark windbreaker ibid promised to press the Gin ton administra- 
' tion for all the help the state needs. 

California seems to be on the verge of a federal windfall, with an $8-5 
biffion aid package already approved by the House of Representatives. It 
- is- expected to dear the Senate this wedc rad be signed by President KD 
Gmton. 

Tony Coefho, a Californian who is a former Democratic leader in 
Congress, is one of many political analysts who gives Mr. Wilson high 
marksfor his recent performance and points to an upswing in his ratings, 
which inched back last week to where they had been before protracted 
budget battles in Sacramento two yearn ago. 

in the latest Field PoU the governor gels a good or exceflent job rating 
from 30 potent of Californians, up from 25 potent two weeks ago. And 
34 percent now grade him as poor or very poor, down from 40 percent 
before the quakn .The survey of 525 adults, conducted on Jan. 27-3 1, has a 
margin of sampling error of plus or minus five percentage points. 

And his job approval rating could get better, Mr. Coelho said. “It isn’t 
even necessary that he have all the answers or deliver the goods. It's an 
attitudioal thing.” 

Mr. Garamendi, who trails Ms. Brown by IS points in the polls, 
attracted attention after the quake by calling for tax increases to pay for 
rebuilding. The other candidates were more cautious. 

“Because John is carving out a unique position, that helps him flesh oat 
his identity,” said Sieve Merksamer, a Republican strategist who was 
chief of staff for Governor George Deukmejian in 1989. when an 
earthquake hit the San Francisco Bay Area. Mr. Deukmejian, otherwise 
adamant about bidding the Hne on taxes, took quick action then by 
raising the sales tax one-fourth of a cent for 13 months, which yielded 
$800 millio n for reconstruction. 

: Mr. Garamendi is urging a similar approach, calling fra a temporary 
increase in the sales tax to rebuild, particularly schools, and a temporary 
increase in the gasoline tax to repair the damaged freeways and upgrade 
others to protect against future quakes. 

ML GaramendTs call fra new taxes contrasts sharply with the wait- 
and-see recommradatia&s of Mr. Wilson rad Ms. Brown. 

The gqyanra is pressiiu the federal government to reimburse the state 
for the entire cost af rebmding, and says he prefers bond issues to taxes if 
more money must he raised Ms. Brown says it is premature to call for 
new taxes until a full accounting of damages is made, which is expected 
this week hr the meantime, she has combed the books in the treasurer's 
office and identified SI3 hflKon available for reconstruction, from bond 
issues approved by voters but not sold, and from bridge loans. 

Publicly, aides to bath Mr. Wilson and Ms. Brown say that taxes that 
were app ropriate after the 1989 earthquake are not appropriate today. 
The state was booming then, they say, but is mired in recession now. 



Sew Appfevfahe'AisocEllal Preu 

PRESIDENTIAL PIGGYBACK — President KD Ointon giving 
& ride to 3-year-old Timothy West on Sunday in Houston, where 
the chief executive met with cancer patients at a hotel Timothy 
snffers from lenkemia and is writing for a bone-marrow transplant. 


Away From Politics 

• NASA gave up Monday on releasing a science sateflfte from the 
shuttle Discovery because of a faulty guidance system. The 513.5 
million Wake Shield Facility, a 12-foot (4-meter) saucer-shaped 
craft, had been plagued with problems since the astronaut Jan Davis 
first tried dispatching it with the shuttle robot arm Saturday morn- 
ing. Initial glitches were figured out in time to try again Sunday, but 
difficulties with the guidance system scuttled that plan. 

• Two men practicing landings and takeoffs were ldDed when their 
twin-engjne plane lost power and crashed about two miles from an 
airport near Chesterfield, Missouri. Witnesses said the five-seat 
plane was flying low and appeared to stall before it crashed, a police 
spokesman said. Thomas Horsier, 66, and Charles Kopetzky Jr., 56, 
both of suburban Sl Louis, were lolled. 

• Senator Kra BaOey Hutchison of^ Texas pleaded not guilty Monday 
in Fart Wrath, Texas, to charges that she misused tax dollars during 
her tenure os Texas stale treasurer. Mrs. Hutchison’s trial got under 
way as Judge John F. Onion Jr. began considering pretrial motions; 
jury selection was expected to start later. Proceedings were interrupt- 
ed when a bomb threat forced the evacuation of the Tarrant County 
Justice Crater. The threat involved an unrelated trial. AP 


United (or Not), 
Perot & Co. Forge 
Broad ’94 Agenda 


By Dan BaJz 

Washington Post Service 

DALLAS — Barely a year after 
he won more than 19 million votes 
for president and three months af- 
ter losing the debate over Lhe North 
American Free Trade Agreement, 
Ross Perot and his followers are 
struggling to shape a lasting politi- 
cal movement. 

The state leaders of United We 
Stand America, meeting in Dallas 
to debate their future, faced serious 
questions about whether Mr. Per- 
ot's claim last week that the coun- 
try “ain’t seen nothing yet” was 
more than an idle boast. 

Are they the key to unlocking the 
power of millions of swing voters in 
America? Can they turn debates in 
Congress and decide the outcome 
of dose elections this fall, or are 
they merdv an information trans- 
mission belt for interested voters? 

Are they a new political party in 
the making, or a group so given to 
fragmentation that their impact 
wfil splinter? And can they grow 
and prosper when Mr. Perot's cred- 
ibility and personal popularity 
have tumbled? 

The leaders of the organization 
emerged Sunday with an action 
plan for 1994 and some clues about 
how they see their group. 

The leaders outlined 11 issues, 
including the balanced-budget 
amendment, health care reform, 
the line-item veto and campaign 
finance reform, as their legislative 
priorities for the year. 

But they failed to stale which of 
that long list was the most impor- 
tant, and said that on health care, 
for example, they had no consensus 
position. 

At the same time, they said they 
would seek to maximize turnout in 
this year’s elections, educate voters 
on toe records of incumbents and 
challengers, and in some cases seek 
out candidates to run for office. 

The three davs of meetings in 
Dallas marked the rad of a year of 
organizing by Mr. Perot, who trav- 
eled to 49 states last year. The 
group now has state directors in aQ 
50 states, paid by the Dallas head- 
quarters, as well as elected state 
chairmen and congressional dis- 
trict leaders in most districts in the 
country. 

The Texas billionaire referred to 
questions about the numbers as 
“silly putty” B. T. Sisson, the Ne- 
vada state chairman, added that 


“whatever the numbers are, we 
have enough” to worry the politi- 
cians. 

But how much politicians pay 
attention to United We Stand 
America may be determined by 
how effectively it operates. 

The weekend gathering brought 
together the new state chairmen 
and state directors for the first 
time. 

Asked about a possible Perot 
presidential candidacy in 1996, 
Garry Luterek. the Iowa state 
c hairman, said. “1 admire the man 
for many reasons, but that’s not 
why I joined.” 

Others spoke of Mr. Perot as 
providing them with a “tool" to 
help remake the political system, 
but they said perceptions in Wash- 
ington that their strength depended 
on Mr. Perot’s was mistaken. 

Some political analysts say that 
to have real political impact. Unit- 
ed We Stand America either will 
have to endorse candidates for of- 
fice or run its own slates. 

One poll-tasker for the Republi- 
cans said the party's worst night- 
mare would be for Perot-backed 
candidates to siphon off 10 percent 
of the vote in key districts this fall 
which he said would sink many 
Republicans. 


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Page 4 


nSTERJVATIONAL HERALD TRIBUNE, TUESDAY, FEBRUARY .8, 1994 


Joseph Cotten, Veteran Actor, Dies at 88 


By Peter B. Flint 

New York Tima Service 

Joseph Cotien, 88, a leading mao 
who shifted easily between Broad* 
way and Hollywood, died of pneu- 
monia Sunday at his home in Los 
Angeles. 

Among his roles in film classics, 
Mr. Cotten portrayed an idealistic 
theater critic in Orson Welles's 
“Gtizen Kane” (1941), a croptic 

merry- widow murderer in Alfred 
Hitchcock’s psychological chiller 
“Shadow of a Doubt" ( 1943) and a 


aificent Ambersons" (1942), a 
weapons expert menaced by spies 
and terrorists in “Journey Into 
Fear” (1942), which be wrote with 
WeiJes, and an artist inspired by a 
ghost in “Portrait of Jennie," for 
which he won the best-actor award 
at the 1949 Venice Rim Festival 


and an embattled industrialist in a 
thriller, “Calculated Risk," in the 
1960s. His co-star in that play was 
his wife. Patricia Medina. 


thology series pegged to noted legal 
cases. 


His Broadway roles included the 
estranged husband of a willful so- 


cialite (Katharine Hepburn) in the 
benchmark comedy “The Phil add- 


blundering writer in Carol Reed’s 
romantic thriller “The Third Man" 


romantic thriller “The Third Man 
(1949). 

He played the rqecied suitor of a 
youthful aristocrat in “The Mag- 


pfaia Story” (1939-40). the stub- 
born foil of Margaret Sulla van in 
the comedy “Sabrina Fair" in the 
early 1950s. an egomaniacs! or- 
chestra conductor in a satire, 
“Once More With Feeling,” with 
Arlene Francis, in the late 1950a, 


His performances were repeated- 
ly acclaimed by critics and audi- 
ences. Reviewing “Sabrina Fair," 
Brooks Atkinson of The New York 
Times wrote: “Mr. Cotten gives a 
most attractive performance. It is 
masc uline, gram-voiced, cynical 
and romantic. He is not limited to 
one dtmenooiL” 


Mr. Cotten also had many televi- 
sion credits for both acting and 
narrating. From 1956 to 1959, he 
was the host and occasional star of 
the “Joseph Cotten Show," an an- 


Gregory G Usher, 43, 

Ran Ritz Cooking School 
PARIS (BIT) — Gregory C 
Usher, 43, director of the Ritz-Es- 
coffier Ecole de Gastronomic 
Fran^aise at the H6td Ritz, died 
Friday at his home in Paris of an 
AIDS-related disease, 

Mr. Usher, a native of Portland, 
Oregon, had been a resident of Par- 
is since 1970. After apprenticeships 
in several notable French restau- 
rants, he went on to serve as direc- 
tor Gist of La Varenne and later the 
Cordon Bleu cooking schools in 
Paris, before creating the Ritz 
cooking school in 1987. 


SPY: listening In on a Deep Secret About Subnuirines 


Gwtinoed from Page 1 


ject in the 1960s, recently described 
it to a congressional subcommittee 


in a letter, calling the operation an 
intelligence coup. But he provided 
few details of bow it had been ac- 
complished and of what, if any- 
thing, had been recovered. 

“Halibut was able to locate, ex- 
amine and evaluate the accident 
and to obtain significant intelli- 
gence information concerning the 
submarine, its mission and its 
equipments," he said, actxuding to 
a copy of his written testimony. 

“It was the opinion of many in 
the navy and the Defense Intelli- 
gence Agency that optimum recov- 
ery of intelligence information 


from this accident was achieved,” 
Mr. Craven added. 

He noted, however, that the Cen- 
tral Intelligence Agency had 
“deemed otherwise" and proceed- 
ed with the Glom&i projtxi i o try to 
raise the sub. 


While working for the navy, Mr. 
Craven pioneered both secret and 
public methods to plumb the 
ocean's depths, devising advanced 
gear for deep search, rescue and 
salvage. His successful work on the 
Halibut helped lead to the new 
class of spy submarines, naval ex- 
perts said.' 


Although the Halibut episode 
had been hinted at publicly, mainly 


in a 1991 Chicago Tribune article, 
Mr. Craven’s testimony apparently 
was the Gist time that it had been 
acknowledged by a former govern- 
ment official and that some of its 
accomplishments had been openly 
detailed. 

Mr. Craven’s disclosures are be- 
ing cited by private experts as a 
reason to increase the navy’s sub- 
marine budget. 

“Our capacity to go deep, to go 
anywhere in the water column 
without anybody knowing it, and 
do anything we want there, is the 
greatest security asset of this island 
nation,” said Angelo M. CodevULa, 
a senior fellow at the Hoover Insti- 
tution. 


EDUCATION DIRECTORY 


SWITZERLAND 


IMJL 


Education in Switzerland ! 


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Key Postwar German Banker 


FRANKFURT— Hennann Jo- 
sef Abs, 92, a leading banker under 
the Nazis and then a major figure 
is West Germany's postwar eco- 
nomic miracle, died Saturday after 
a brief iDncss in a hospital in the 
suburb of Bad Soden, Deutsche 
Bank said Monday. 

Mr. Abs’s reign as chairman of 
the, managing and supervisory 
boards of Germany's largest bank 
stretched for two decadcs-to 1976— 


As Germany's most influential fi- 
nancier in the decades after World 


In 1989, he was awarded the 
Chevalier da Mfrite Agacole by 
the French government 


Joseph Cotten, who won fame 
in “Gtizen Kane,” in Us prime. 


Ohm Soule, 84, veteran radio, 
television and film actor perhaps 
best known for his leading roles on 
the long-tunning radio mama ser- 
ies“Hrst Nigh ter,” as lab techni- 
cian Ray Pinker on “Dragnet" and 
the voice of Batman on the animat- 
ed CBS television series, died Tues- 
day of Jong cancer in Corona, Caii- 
fornia. 


show must go on, died Saturday in 
New York of a heart attack. 

Dr. Bernard Davis, 78, a Harvard 
Medical School professor who was 
a pioneer in bacterial genetics re- 
search, the senior author of a stan- 
dard medical textbook on microbi- 
ology and a widely known writer on 
the social implications of modem 
genetics, died Jan. 14 of prostate 
cancer al Ins home in Belmont, 
Massachusetts. 


War n, Mr. Abs was once called, 
“the most important banker o l our 
time" by David RockefcDa - . - /• 

Alt be always remained a con- 
troversial figure because of his key' 
position in the Nazi economy, 1 
which included a board seat IG 
Farben, the conglomerate chat 
manufactured the gas for Hitler's 


structuring debts that had been 
unilaterafiy canceled by Hitler 
from 1934, he helped build the 
found ation for West Germany's 
"economic miracle” of the 19 j0s. 
and 1960s. . " . 

He persuaded Germany's credi- 
tors to reduce the 29 billion manes 
owed from both warid was to" 
about 14 MTH rin marks. West Ger- 
many paid off the .14 billion marks 
between 1953 and 1983. 

Germany’s Erst postwar chan- 
ceUot, Konrad Adenauer, once said 
he never made any key decisions: 
without consulting bfr. Abs. 

Finance Minister Theo Waigd, 
palling him “one of the greafest 
German , bankers," mid Mr. Abe's 


greatest service was his success m 
1953 in “protecting Germany from 
the evm-earoanding rqnration' de- 
mands of the Allies-” 

Mr. Abs also helped set up the 
Kredi tans tail /Or Wiederamtan; 
Germany's bank for recons unction 
ih«* founded some, $5 billion in 
Marshall plan aid to West German 
business and industry. 

But despite the widespread inters 
national respect he K&eved, Me. 


At the aid of the war he was 
sought after by two agencies of the 
Ames. One wanted to try lumas a 
war criminal, and the other ^ wanted 
his help to rebuild Germany. ■>. 

His career soon recovered after 


Dr. WHbor Godd, 74, a throat 
specialist whose professional skills 
enabled the ailing voices of such 
stage and opera stars as Frank Sm- 
atra, Luciano Pavarotti, Linda 
Ronstadt and Elizabeth Taylor to 
rise to Broadway's cry that the 


Jack Kirby, 76, an artist who 


helped reinvent the comic book su- 
pemero by developing Spiderman, 
the Fantastic Four and the Incredi- 
ble Hulk, died Sunday of heart fail- 
ure in Thousand Oaks, California. 

Norman Del Mar, 74, a conduc- 
tor who excelled in works of such 
late romantics as Sir Edward Elgar, 
Gustav Mahler and Richard 
Strauss, died Sunday of cancer near 
London. 


the war, and he played an key role 
in restoring Germany’s ere- 
di ( w pr<hi TK fi ff thr ough agreements 
sighed in London in 1953. By ro- 


be h ad played an.important role in 
the Hruer eta. The Simon 
wan th«i beaux' in Vienna, . which 


U.S. Envoy Courts Ulster Unionists 


By James F. Clarity 


Afar York Tbnes Service 


Lieutenant General Eugene 
Tigbe Jr„ 72, who healed the De- 
fense Intelligence Agency from 
1978 to 1981 and investigated the 
possibility that American prisonous 
of war remained in Indochina, died 
Jan. 29 of prostate cancer at his 
home in San Diego. 


BELFAST — Jean Kennedy Smith, die US. 
ambassador to the Irish Republic, has offered to 
bdp prominent Protestant politidans here get a 
hearing in the United States for their belief that 
Northern Irdand should remain part of Britain, 
according to a senior Ulster Unionist Party offi- 
cial His statement was confirmed by the UJS. 
Embassy in Dublin. 


DEATH NOTICE 


Cleary, Gottlieb, Steen 
& Hamih rm is sad to note the 
passing of if? Counsel, 


Such action, reaching across the border to the 
British province, which is officially under the pur- 
view of theUA Embassy in London, appears to go 
beyond the bounds of Mis. Smith's job. 


ChodeG Belly, Jr. 


It represents her first public involvement ™ the 
amri tww* immett gtnmnndmg the pum-e writia rives in 

the North, particularly the proposed framework 


for peace issued on Dec.' 15 by the prime ministers 
offtitriaandlrdand. . . _ ■ 

Jeffrey Donaldson, secretary of the Ulster 
Unionist Party, winch represents a mqoritjrof the 
Pr otestants population here, said Mrs. Smith had 
made the otter to form in a telephone callTuesday. 

Mrs. Smith knew 1 several northern officials be- 
fore her appointment, intending John Hume, the 
wire! prominent Roman Catholic leader in the 
North, who started The movement toward peace 
initiatives in talks with Mr. Adams last spring. _ 
Mr. Donaldson said Mrs. Smith had told him 
she regretted that the Protestant parties were not 
gutting a hearing m the United States. 

“I informed her wc would send out senior mem- 
bers of our party to the United States in the near 

future," he said, “She offered to help and facilitate 

the moving of contacts and platforms in the Unit- 
ed States where we cduM put forward our case." 


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international 
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r i,«Esr 

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tracks down Nazi, war-ornrinalay 
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price then: > 

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and kept an office at the bank’s 
Imadqcfertas until his death, fhei 
dguvstmAin^ banker shied away- 
from public Ms during the last two 
decades afhis lift 
Mr. Adis often said he had no 
interest m a political career. 

“ApoKtidmisamanwholearns 
less and less atxrat more and more 
until he arrives at die point where; 
be doesn’t know, anything about 
everythmg,** he once said. 


Tat (TI 42 25 32 25 

to tt) AS 63 17 « 


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Wounds, Anger and Despair 



By Rick Atkinson 

Washington Post Service ■ ■ 

LANDSTUHL, Germany — There was-nn 

S-" 0 “ -l2aw5!3JSi^ 

all, j ost a^ blmdi ng flash and a deafening roar mat 

Ieft ** SSrSSi 

“"** and right le g. 

Mr. KaBman, 35, was one of the lucky ones who 
SJ***™' * e «»* in Sarajevo's- 
crowtted marketplace Shortly after noon on Satur- 
day when a angle mortar shell killed 68 Bosnians 
andwounded more than 200 others. 

< JSJJ ?nday ’ J he ” d* sanctuary of an 
Wllwpedn: ward at the VS. Army hospital here, 
among 183 people — ranging in age iromlO 
months to 70 years and including the wounded and 
thar families — flown to Germany in the largest ! 
U.S. evacuation from Sarajevo during nearly two 
years of avu war. .-■■■■- 

‘They’re aJ] guilty —the Europeans, NATO, the 
Americans, sard Beam Imamqvic. 40. whose wife 
lay wounded in the hospital. “They’re helping us 
now and we appreciate that But they’re all godly.” - 

For some, their first fuB day out of Sarajevo 
brought happiness; for others, more grief. One 
mother wept with joy after learning from an army 
surgeon that her 77-year-oJd son would probably 
keep his leg, which had been badly shattered in the " 
attack. . 

But another mother, Besha Aisha, learnt that 
suigecais were forced to amputate the left leg of her 
16-year-old daughter. The ghi’s right leg had al- 
ready been severed after a shell hit the family’s , 
house as they were going to bed Wednesday night, 

Whether lying in hospital beds or wandering 
through the makeshift barracks set up for family 
members in the Landstnhl gymnasium, the refu- 
gees had a chance to compare horror stories of life 
m Sarajevo. 

Cazim Kaliman’s account was typical. When Ik 


to him, her body blown to pieces. She had shielded 
him from the ftwforce erf the blast as they browsed 
among the meager 'offerings spread on market 
tables. 

A few feet away lay a man without a head. 
Another writhed in agony, both hands severed A 
small mushroom cloud of ■bnnlri- and dust baled 
from the shift crater. Screams filled the square. 

“People were lying on the ground everywhere, 
bodies and pieces of bodies,* Mr. Kahman re- 
called. “It was like a butchcrshop.” 

Cab drivers from a taxi stand down the street 
pulled their vehicles into the market. Someone 
Mr. Kalman into a back seat and drove 


him to a hospital where his broken leg was set and 
his shrapnel wounds cleaned. With his lO-year-dd 
daughter, Alma, who had been waiting at homefor 
him to return from the market, he was put on an air 
force C-13Q on Sunday and flown to Germany. 

‘ Whfle expressing thanks “to the UN in Sara)evo 
and the people here who are helping me,” Mr. 
Kaliman shook his head when asked about the 
West’s reluctance to intervene in behalf of the 
■besieged Bosnians. “They’re passive,” he added, 
“Despite the aggression against us, they're simply 
passive. This war makes no sense.” 

Besim Imamovic, a 40-year-old construction 
worker, had stayed home with his two daughters 
Saturday morning while his Mejra, 39, went to the 
market to sell votive candles. She was chatting with 
her sister, Asirna Hasanowic, when the shell deto- 
nated. The blast blew away Mara’s right hand, the 
thumb and forefinger of her left hand, peppered 
her legs and face with shrapnd, and singed the hair 
Grom her head. Her sister was lolled. 

Learning of the catastrophe from a neighbor, 
Mr. Lmmovic wandered through the city for five 
hours, searching for his wife. He moved among 
limbless bodies in the morgue , and waited with 
hundreds of others in a hospital courtyard until 
finding her at 5:30 PJVL rimnly before she was 
taken into surgery. On Monday he sat in the 
Landstnhl gymnasium with his daughters, 1 5-year- 
old Kasims and 5-year-dd Nejra, pondering the 
future. 

' T have no words to express what it’s like to be 
here,” he said. T want to go back to Sarajevo 
someday, hut not my children. That is no place for 

children/* 

Although the evacuation was prompted by Sat- 
urday’s slaughter, many of those who arrived here 
Sunday had been wounded weeks and even months 
earlier,' including at least two Rngnirm Muslim 
soldiers in need of reconstructive surgery. 

U.S. military officials could shed little light cm 
the criteria used by United Nations officials in' 
Bosnia to determine who would be evacuated to 
Germany. T have no earthly idea what the deci- 
sion process was of the UN in Sarajevo,” said 
Colonel David H. Layiand, commander of the 
medical center hoe. 

Also uncertain is where the refugees will go from 
LandstuhL Some of the wounded wiO need months 
of rehabilitation and therapy, white others are 
lflody to be released in a day or two. 

- “For two years, the whole world has failed to 
help Bosnia,* said Abid Gagula,49, crippled by a 
bullet that shattered his right femur in July 1992. 
T understand that America is a kmg way from us. 
I can see that America doesn't understand oar 
mentality. But Europe — Europe has been asleep.” 


;EU, Split, 

: Leaves It 
To NATO 


By Roger Cohen 

New York Times Service 

BRUSSELS — The European 
intern, beset by divisions over the 
kxsnian war. caDed Monday for an 
mmediaieendto the siege of Sara-.. 

no and said NATO-air power 
night be used to achieve that goal 
hit a statement from foreign min- 
sters set no deadline farSobs to 
ift their 22-mantoriege of tibeBos- 
mm capital 

The appeal by munstfas fell wdl 
ihort of France’s request for a fbr- 
nal ultimatum to bead for the cud 
rf the siege and xrfkcted sharp 
Inferences of policy, with the 
French, Belgian and German view 
bat the time has come for the use 
if North Atlantic Treaty Orgamza- 
ion air power meeting opposition 
rom Spain, Greece aim, to a lesser 
steal,' Britain. 

“The statement is not as explicit 
is I ought have hied,” said the 
'rench foreign minister, Alain 


ALLIES: What? Where? How? 


lit Greece's foreign nrimster, 
arritos Papoutias, masted that 
nobody will achieve any thin g with 
military action.” Greece is a firm 
]y of Serbia's and currently holds 
tc rotating, presidency of the 12- 
atkm European Union. 

The EU statement, made in re?" 

muse to the kQhng cf 68 peog^s in 
mortar on the central Saia- 
vo market cm Sa tu rday, effective- 
> left aO real dedskM-malring to a 
FATO meeting to be held at die 
Esbassadcnial lewd on Wednes- 


L 


„„■. Juppi said NATO should 
[ermine what “immediate lifting 
the siege of Sarajevo” meant, 
ding that in France’s view 
VTO should set an ultimatum of 
more than a few days. 
Britain’s foreign secretory, 
juglas Hurd, continued to msist 
cmday that any decision to use 
power must be based on a poEfc- 
! analysis of how it . would ad- 
ore the peace process. 

“Up to now,” Mr. Hurd said, “a 
lance against (be use of force has 
isted in Europe: In the minds of 
uryr, that balance is now _mov- 

frot, however, in the mind of 
trd Owen, the European Umotfs 
jdiator in the Balkan cOnfficL He 
ssented a repo r t to the xmnistexs 


Hlgjy pgamxt tiK USC cf fOTCC. 


- Cootfanedfrom Pt®e 1 

-experts in Munich this weekend. 
Tint we will definitely consider 
stronger action, including air 
striker" 

Until now, the French and the 
British have been unwilling to risk 
the Sabs' retaliation against their 
troops on the ground while the 
Uni tod States bombed from the rel- 
ative safety of the skies above. 

“The United States Jus {dans 
that, as the generals put it, could 
nimtbe fights dtp in Belgrade,” 
one official said, “but a heavy., 
h fwnhing campaign could Cause 

heavy civilian casualties and even 
embolden the Bosnians to keep 
. fi ghting instead .''of making peace "i 
- A hunted bombing c ampa ign" 
against individual Serbian artilkxy - 
pieces and mortars is thought by 
most mpilary oeperts to be a recipe 
for failure, as th&AnKricanexpexi- 

BOSNIA: 

Warning to Serbs 

Coufaned ftom Fagel 

for fairly limited purposes.” He do- 
Sued that as “to prevent the siege, 
of Sarajevo, to stop that sbeflmg.” 

“And also it’s necessary to hdp 
move iheJumianilarian aid forward 
and proteci the UN troops,” 

Mr.Lugar, long an advocate of 
lifting the anus embargo against 
the Bosnian Muslims, raid it was 
.time' to' “cany the war where it 
hurts/’ 

Support for air strikes also came 
from Senator Joeeph L Liebennan. 
Democrat of Connecticut, who said 
on CBS that “the aim here is ito use 
some force so that we can bring tbe 
Serbs to a reasonable negotiating 
position." 

But Senator Phil Gramm, Re- 
publican of Texas, said he wanted 
to see “a dear plan as to how, by 
intervoung. we’re going to stop the 
Trilling /* He said that “nobody in 
the military has told me that bomb- 
ing would be daarive.” 

jkfc HanriUcm said there was no 
support in Congress or in the na- 
tion at large for using ground 
troops to end the fighting in Bos- 
nia. ■ 

T do not think you will find 
support among our allies for a very 
broadened, extended air war.” he 
said. '“What you’re noiw seeing dis- 
cussed, and discussed very urgent- 
ly, are ww* more limited.nses of 
airpowta;whkhIiTOuWsira?on.I 
don’t dunk we want to broaom this 
war' I 'don’t- thutic we want to make 
it a U.S. war {Reuters. AP) 


enre in Vietnam showed. That in- 
vdveanent cost President Lyndon 
B. Johnson his presidency, and 
some sympathetic observers in Eu- 
rope believe that military involve- 
ment in Bosnia would be the big- 
gest risk to Bill Clinton's 
presidency as wdL 

“It’s self-evident that if you ask 
the Europeans what to do, they will 
give you divided counsel," one offi- 
cial said. 

The French tried last month to 
get the Clinton admufistration to 
put pressure on the Bosnian Mus- 
lims to accept an EU peace plan 
that would gjve one-third of the 
country’s territory to each of the 
three main ethnic groups, but the 
United States refused because it 
believed the Muslims were entitled 
to regain ground with arms they 
either smuggled in or seized on the 
battlefields. 

With so marry recriminations 
and reasons to give up and get out, 
NATO and the EU may wdl de- 
cide, as they did last summer and 
again last Trwmh, to threaten air 
strikes and hope for (he best But 

S ty threats from NATO, as Mr. 

ton himself made dear in Brus- 
. sds, could be worse than no action 
ataTL 

j. LThe choice before him now is 
truly an agonizing one. Air strikes 
could take the affiance down the 
slippery slope of a painful, costly, 
and open-ended military involve- 
ment. But inaction, and a pullout 
of French and British fences from 
the UN, woold mean that confront- 
ed with the worn war in Europe in 
50 years, the EU and NATO, the 
two Western institutions estab- 
lished after World War H to make 
sure nothing like that ever hap- 
* pened hud finally failed and 
thrown up their hands. 

The consequences of that failure, 
not only in the Balkans but in 
Ukraine, Russia, and the rest of the 
tumultuous landmass that used to 
be the Soviet Union, could be ca- 
lami ions. 


Spanish Army Officer 
Is Killed in Barcelona 

Reuters 

BARCELONA — A Spanish 
Army colonel was shot to death by 
unknown gunmen on a street here 
Monday, local officials said. 

Witnesses said the attackers Bed 
in a car. No further details were 
available; Basque separatists have 
frequently targeted members of the 
security forces. 


UN Seeks 
Clearance 
To Strike at 
Serb Guns 


By Paul Lewis 

New York Times Senice 

UNITED NATIONS, New 

York — Secretary-General Butros 

Butros Ghali has asked NATO for 
authorization to order punitive air 
strikes against Serbian gun posi- 
tions around Sarajevo. 

He already has the authority to 
unilaterally request NATO air 
power to defend peacekeeping 
troops in Bosnia, but he cannot 
order punitive attacks. In a letter 
on Sunday he sought NATO ap- 
proval to order punitive air strikes 
If be deems them necessary. So far 
he has not requested punitive 
strikes. 

In the letter to the North Atlan- 
tic Treaty Organization's secretary- 
general, Manfred W5mer, Mr. Bu- 
tros GhsH asked for authorization 
as quickly as possible from the 
NATO Council in Brussels to em- 
power its Southern Command to 
attack Serbian guns encircling the 
Bosnian capital. 

A senior UN official said that 
toe secretary-general had become 
increasingly frustrated in remit 
weeks by a tendency to blame the 
United Nations for the continuing 
war in Bosnia and the unwilling- 
ness of world powers to take action 
to stop it. 

“We have the political wiE to use 
force against attacks on Sarajevo 
now, but we have to be sure that 
NATO does not refuse us,” toe 
official said. 

Any attacks would be planned 
and ordered by a senior U.S. offi- 
cer, Admiral Jeremy ML Boorda, 
the head of NATO's Southern 
Command, from his headquarters 
in Naples. 

In his letter, the secretary-gener- 
al wrote that mortar attacks last 
week on Sarajevo, at least one of 
which was by Bosnian Serbs, 
“make it necessary to prepare ur- 
gently for the use of air strikes to 
deter further such attacks." 

It was not dear which of the 
recent mortar attacks was launched 
by Serbian forces, or whether air 
strikes on Serbian gun positions 
would come only in response to 
future attacks on Sarajevo. 

The seoetary-geotfal's request 
for authori ty to call air strikes ap- 
pears Hkdy to involve him in a 
struggle with Russia, which in the 
past h as taken tbe view that toe 
Security Council must first approve 
any request for toe use of NATO 
warplanes in Bosnia. 

Madeleine K. Albright, the U.S. 
represen tative to the United Na- 
tions, saidsbewas “pleased” by the 
secretary-generaTs letter to NATO, 
saying that it showed “the United 
Nations and. the alliance can coop- 
erate together.” 

UJS. diplomats say President Bill 
din ton also asked Mrs. Albright to 
press the secretary-general to inten- 
sify toe investigation into toe mor- 
tar attack on Saturday that killed 
68 persons. 

But many officials believe that 
punitive air strikes against toe 
Serbs couldspell toe endof toe UN 
peacekeeping and relief role. 

The United Nations has been 
moving steadily closer to using 
farce since the NATO summit 
last month reaffirmed toe 
>s readiness to use air power 
to reopen Tuzla airport to relief 
flights and to end Serbian efforts at 
blocking the rotation of the guard 
u Srebrenica, a Muslim pocket 
that was declared a safe area. 



Pad EHccwt/Rnlcn 


PSSHHT ON YOU, CHARLES! —Police officers in Auckland, New Zealand, leading away a man who charged at Prince Oiaries 
of Britain on Monday while spraying a can of air freshener. The prince was unhurt. Tbe police said Castislav Braanov, tbe attacker, 
bad earlier mule minor attacks on visiting royalty. In January, in Sydney, a student fired Wanks at Charles from a starter’s gun. 


Military Spending to Shrink a Real 1% 


By Tim Weiner 

New York Times Service 

WASHINGTON — President Bill Clinton’s 
military budget bill for toe fiscal year 1995 puts 
Pentagon spending in a holding pattern, trans- 
ferring money saved by canceling weapons into 
more training and higher pay lor soldiers. 

Military spending would rise $18 billion in 
fiscal 1995 under Mr. Clinton’s plan. Adjusted 
for inflation, that represents a decline of slight- 
ly less than 1 percent from the current budget 
for fiscal 1994. 

The $263.7 billion proposal has something 
for almost everyone to dislike. Some members 
of Congress want to cut more weapons and use 
toe money to pay for social needs. Others fear 
toe advent of a military unable to fight two 
major wars at once, a benchmark for Pentagon 
planners. And a third faction sees the Penta- 
gon’s budget not only as the bulwark of military 
preparedness but as a steady supplier of jobs 
from soldiering to shipbuilding to software 
manufacturing. 

That is one reason a huge peace dividend 
expected by many at toe end of toe Cold War 
has not materialized. Instead, s mall reductions 
have been achieved incrementally by cutting 
troop strength and dropping plans for a few 
major weapons systems. 

Gone from tbe budget are funds to build 
more F-l 6 fighter planes, long a mainstay c*f the 
U.S. arsenal The administration would also 


cancel two fighter aircraft still on the drawing 
board: toe navy's A/F-X and toe air force’s 
proposed multirole fighter. 

Still in the works are muidbilhon-dollar pro- 
posals to build a new “stealth” fighter for toe 
air force, a new attack helicopter for the army, a 
new attack submarine and a new aircraft carrier 
for the navy and toe new Mils tar satellite sys- 
tem for global co mmuni cations in wartime. All 
have been questioned by congressional critics 
as vestiges of toe Cold War. 

The fiscal 1995 budget rose in large part 
because Congress mandated a 1.6 percent pay 
increase for every member of the still-shrinking 
military. Active duty troop levels would fall by 
85,500 in fiscal 1995 to 1.52 million. The ad- 
ministration would also spend $2.8 billion to 
close military bases as required by Congress 
and S5.7 billion to dean up environmental 
damage at military installations. 

Tbe budget battle in Congress will be waged 
between those who believe that the Pentagon 
can withstand a still-leaner budget, as does 
Representative Ronald V. Dell urns, toe Califor- 
nia Democrat who heads toe House Armed 
Services Committee, and those who believe that 
toe Pentagon may already have sacrificed 
enough, as does Senator Sam Nunn, the Geor- 

S 'a Democrat who heads toe Armed Services 
ommittee. 

A spokesman for Mr. Nunn said he would 
withhold comment on Mr. Gintou's budget In 


the past year, the senator has defended toe 
Pentagon against proposed spending cuts. 

The main questions to be answered in toe 
budget debate. Mr. DdJunu said, are: "Do we 
need toe forces to fight and win two wars 
simultaneously on two fronts? Is that more a 
political statement than a military reality?” 
“There can still be a peace dividend.” he said. 
“The question is whether we have the political 
will to do it." 

■ More ’Spending lor Readiness’ 

“The president's budget increases spending 
for readiness.” Defense Secretary William J. 
Perry said Monday, “and ensures that our mili- 
tary has what it needs to keep U.S. forces ready 
to fight." news agencies reported from Wash- 
ington. 

Mr. Perry said that the budget was toe “bot- 
tom line" for toe national security. 

John S. McCain 3d. Republican of Arizona, a 
member of toe Senate Armed Services Commit- 
tee, said the budget would not buy toe force 
needed to meet toe stated goal of being able to 
fight two nearly simultaneous regional wars. 

He said toat’toe budget “seems to be oblivi- 
ous to the reality that the world is a more and 
more dangerous place.” 

The two-war strategy calls for reductions by 
1999 to a force of 1.4 million troops. 12 aircraft 
carriers. 12 army divisions, three Marine divi- 
sions and 20 air force wings. < Reuters. AP ) 


BUDGET: Clinton Spending Blueprint for 1995 


Continued from Page I 
next year, while collecting 51 .342 
trillion in revenues. 

But the red ink swings upward 
again at decade's end, hitting 
S20U billion in 1999, without tbe 
enactment of Mr. Clinton's No. I 
priority for this year: revamping 
toe health-care system. If that ini- 
tiative is enacted, Mr. Clinton pro 
jects that next year's deficit would 
rink to $165.1 billion, and that the 
1999 shortfall would be $181.1 bfi- 
hon. 

To finance his health-care plan, 
the president would raise the 24- 
cem-a-pack lax on cigarettes to 99 
cents, bringing in 567 billion over 


the next six years. He also would 
save 5! 18 billion from Medicare by 
cutting reimbursements to hospi- 
tals and doctors and making bene- 
fits more expensive for many of its 
elderly beneficiaries. Medicaid 
payments to toe states would be 
trimmed by $61 billion. 

Mr. Clinton's supporters in Con- 
gress praised his spending blue- 
print but acknowledged that fights 
lay ahead. 

'Undoubtedly some changes 
will be made,” said Martin O. 
Sabo, a Democrat of Minnesota 
who is the House Budget Commit- 
tee chairman. “But I am confident 
that Congress will rise to toe chal- 


lenge, preserve and build upon toe 
budget discipline demanded of us, 
and keep toe economic recovery 
going." 

Beyond toe higher tobacco tax, 
Mr. Clinton's package imposes no 
new. general tax increases. It does, 
however, increase government rev- 
enues by $1.52 billion in 1995 by 
increasing more than 30 user fees, 
ranging from higher entrance fees 
at national parks to increased fees 
for meat ana poultry inspections. 

His budget would increase Job 
Corps and four other Labor De- 
partment job-training initiatives 
from S1.6 billion this year to S2.I 
billion in 1995. 


Israeli Aide Backs 
Talbott Posting 

Reuters 

WASHINGTON — .American 
Jewish leaders who have raised 
concerns about toe stance on Israel 
of toe deputy secretary of state/ 
designate. Strobe Talbott, do not 
reflect toe views of toe Israeli gov- 
ernment. a senior Israeli official 
said Monday. 

The official. Deputy Foreign 
Minister Yossi Beilin, speaking at 
toe National Press Gub, also said 
that be personally endorsed tbe ap- 
pointment of Mr. Talbott, a close 
friend of President Bill Clinton's 
who is toe administration's chief 
policymaker on toe former Soviet 
Union. 


KOREA: Hope Is Fading for Inspections in the North 


Coatinned ftam Page 1 

measures, such as UN- 
ecanamic sanctions, that 
could provoke North Korea’s un- 
predictable leadership to start a di- 
sastrous war on the peninsula. 

But with toe deadline approach- 
ing, Washington’s rhetoric erf 1 pa- 

ed by^dk'o^ new U-S^milit^ 
preparations. The Defense Depart- 
ment has notified some reservists to 
be ready for participation in a joint 
rnffitary exercise with South Korea, 
known as Team Spirit, that North 
Korean leaders have depicted as a 
symbol of planning for war. The 
orders to ship out more than a 
thousand U.S. troops and reservists 
to South Korea are being prepared 
for Feb. 22. 

If North Korea fails to change its 

stance by that, UJS, officials said, 
Washington is likely to announce a 
planned deployment of Patriot 
missil e interceptors to South Ko- 
rea. The Pentagon’s aim is to com- 
plete tbe transfer by late March, 
when North Korea’s annual win- 


tertime military training — and its 
readiness for sudden war — is at a 
seasonal peak. 

Several officials said toe CIA di- 
rector, R. James Woolsey, who an- 
nounced two weeks ago that North 
Korea “has vaulted to the top of 
our agenda,” has taken tbe further 
precaution of ordering U.S. intelli- 
gence satellites to capture more fre- 
quent images of North Korean ter- 
ritory. He also has activated for toe 
first time a “national intelligence 
support team," capable of provid- 
ing swift rmlitaiy analysts to U.S. 
forces in South Korea. 

In an unusually tough statement 
last week. North Korea denounced 
some of these moves as “reckless 
new war machinations/* Bui 
Pyongyang has been adding rocket 
launchers and artillery to forces de- 
' within striking distance of 
according to U.S. officials. 

Mr. Woolsey told a Senate com- 
mittee two weeks ago that, al- 
though some North Korean forces 
still have low combat readiness. 
“We are concerned with their mili- 
tary preparations.” 


■ Seoul Predicts Sanctions 
South Korean officials said 
Monday that UN sanctions against 
North 'Korea for refusing nuclear 
inspections appeared to be inevita- 
ble despite a new promise by its 
leader not to develop atomic 
bombs. The Associated Press re- 
ported from Seoul 
Foreign Minister Han Sung Joe 
said UN sanctions against the 
North appeared unavoidable if do 
progress was made in toe nuclear 
issue within two weeks. 

Mr. Hang told a meeting with 
opposition legislators that if no 
breakthrough occurred by Feb. 21, 
then the director-general of toe In- 
ternational Atomic Energy Agency 
was “expected to declare safe- 
guards broken in North Korea.” 

In a verbal message sem last 
week to President Clinton through 
'toe U.5. evangelist Billy Graham, 
President Kim II Sung of North 
Korea again pledged that his coun- 
try would not develop nuclear 
weapons and said be hoped for 
improved lies with Washington. 
Seoul officials said. 


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Page 6 


TUESDAY, FEBRUARY 8, 1994 

OPINION 



INTERNATIONAL 



Sribunc 


PUBLISHED WtTII THK NEW YORK TIMES AND THfc WASH INI. TUN POST 


Business With Vietnam 


President Bill Clinton has done the right 
thing for the United States in ending ihe 19- 
year-old ban on doing business with Vietnam. 
For Mr. Clinton, it was an act of political 
courage. Had his predecessors been able to 
take a larger view of American interests, they 
would have lifted the embargo years ago. 

Vietnam has been changing dramatically for 
nearly a decade. Most of the differences chat 
drove Hanoi and Washington to war in the 
1960$ and 70s and kepi them at odds through 
the early '80$ have disappeared. In fact, almost 
all have been resolved in America's favor. Viet- 
nam’s troops are out of Cambodia. Its markets 
are open lo the world. And it has turned away 
from what remains of the Communist bloc to 
seek new links with the Association of South 
East Asian Nations, formed during the Viet- 
nam War as an an U -Communist bloc. 

Vietnam is still a one-party state with an 
appalling h uman rights record, but so are 
some of America’s best friends and trading 
partners in Southeast Asia. What has kepi 
Washington at arm's length from the new 
Vietnam is, of course, the legacy of an old war. 

Only a small pan of that legacy was sub- 
stantive. While every single case of a soldier 
lost without remains or information is a fam- 
ily tragedy, the number of Americans still 
unaccounted for is unusually small given the 
scope and duration of American involvement. 

The war's larger legacy has been political and 
psychological. The dead and the missing were 


not, as in past wars, redeemed by an American 
military victory. For many Americans this was 
hi i mi Haring ; for some, even dishonorable. Re- 
fusing to acknowledge Hanoi meant refusing to 
certify Washington's defeat. As the years 
passed, and Vietnam found the trade and aid it 
needed elsewhere, making the embargo point- 
less, only a minority of Americans remained 
irreconcilable. But successive Republican 
presidents indulged this minority, while 
successive Democrats feared provoking them. 

ft is thus remarkable that Mr. Clinton, 
whose own opposition to the war and avoid- 
ance of the draft made him especially vulnera- 
ble to attack on this issue, became the presi- 
dent who finally recognized reality and acted 
in the national interest. 

Hanoi made it easier for him with its vastly 
improved cooperation in recent years on 
searching for remains of missing Americans. 
So did American business leaders clamoring 
for a share of the growing economic action 
before European and Asian countries locked 
any more of it up for themselves. And Mr. 
Clinton has prudently held back on such sups 
as diplomatic recognition and special trade 
and aid agreements, holding them out as in- 
ducements for Further Viet nam ese coopera- 
tion and human rights progress. But give this 
president the full credit he deserves, for at last 
ending America's self-imposed, self -punish- 
ing exile from the new Vietnam. 

— THE NEW YORK TIMES, 


Ukraine and Russia 


At fust the election of a new president of 
Crimea committed to restoring that Ukraini- 
an territory's traditional tie to Russia looked 
ominous. Was the vote not bound to feed the 
menacing feud between Ukraine and Russia? 
But something smart occurred to the two of 
them. If Crimea goes into Russia, and espe- 
cially if Russia helps, then Ij a frightened 
Ukraine is likely to back off from its commit- 
ment not logo nuclear, and 2) Russia will find 
itself perhaps with Crimea but with a nuclear 
neighbor as well. That is how to explain the 
steps now being taken in Ukraine to advance, 
in the suspicious parliament as well as in the 
more enlightened leadership, the lagging 
START-1 strategic arms reduction treaty, the 
Jan. 14 Moscow agreement on denuclearizing 
Ukraine signed by Ukraine, Russia and the 
United States, and the good old Nuclear Non- 
proliferation Treaty, which Ukraine has un- 
dertaken to sign as a nonnuclear state. 

Earlier the Ukrainian parliament had re- 
sisted on the theory that Ukraine, to protect 
itself againsL a gathering Russian threat, need- 
ed to keep the nuclear weapons it inherited 
when the Soviet Union vaporized. But the Jan. 
14 agreement seems to be inducing a second 
look. It offers Ukraine, in return for nuclear 
self-denial, a range of economic compensa- 
tions and security guarantees To a wobbly 


new state with an economy in free-fall and 
high security anxieties, these offerings are 
starting to look more valuable than the on-its- 
own existence it would face if it dropped out 
of the Jam 14 accord. 

Crimea is about two-thirds full of ethnic 
Russians who. with the 9 milli on Russians 
elsewhere in eastern Ukraine, are having sec- 
ond thoughts about their vote for Ukrainian 
independence two years ago. Economic calami- 
ty and a surge of ethnic sentiment account for 
the change. But it seems frivolous to change 
position on so great an issue in so short a time. 
Nor, after Yugoslavia, can there be much for- 
eign sympathy for starting to unravel yet an- 
other country’s ethnic crazy quflL For Crimea, 
embellishment of autonomy is a better idea. 

The United States is alarmed at any aggrava- 
tion of tension between the two hugest pons of 
the old Soviet Union, and at any expansion of 
the nuclear dub. Thai is what led Bill din ton 
two weds ago to strengthen American guaran- 
tees lo Ukraine. The core American interest is 
to hold Russia to its word on Ukrainian 
territorial integrity so that Ukraine can better 
be held to its word on nonproliferation. As a 
house itself vulnerable to separatist move- 
ments, moreover, Russia has special cause not 
to indulge separatists next door. 

~ THE WASHINGTON POST. 


Better the American Way 


When President Bill Clinton granted a two- 
day visa to Gerry Adams, the wise course for 
an unhappy British government would have 
been to cut its losses and dismiss the matter as 
an internal U.S. affair — as the British initial- 
ly seemed to be doing. Then early last week. 
Prime Minister John M^jor and his foreign 
secretary, Douglas Hurd, inexplicably threw a 
fit. The U.S. ambassador to Britain was sum- 
moned to Downing Street for a harsh lecture, 
and the British public was treated to the 
peculiar television spectacle of a Larry King 
interview on CNN with Mr. Adams, in which 
an actor spoke the Sinn Fein leader' s responses. 

Under British law, Mr. Adams can be seen 
but not beard on television, and instead of 
challenging this bizarre censorship, CNN cra- 
venly chose to comply. A similar ban in the 
Irish Republic was allowed to lapse on Jan. 
19. and Mr. Adams's voice can now be heard 
by many Britons with access to Irish radio and 
television. If Mr. Major is indeed serious 
about his government’s new peace initiative 
on Northern Ireland, he should also be ending 
censorship and encouraging debate. The Brit- 
ish media, however, lack America's safe- 
guards for free speech, making them much 
more vulnerable ro politicians’ whims. In this 
case it seems appropriate to ask just what the 
old lion is afraid of. 

Mr. Adams made the most of British mis- 
takes without expressing a single new thought. 
For millions of Americans, the novelty was in 
seeing a live Irishman express such views. In 
seven television interviews and five press con- 


ferences, bis equivocations about the Irish 
Republican Army’s indiscriminate killings 
fully justified Washington’s barring of Ms 
entry on right previous occasions. 

When he applied this time, however, there 
were new circumstances. Britain and the Irish 
Republic had jointly appealed to Sinn Fein in 
December to renounce violence and take part 
in a new peace initiative, the first break in the 
ice. Meanwhile Mr. Major, bis hand forced by 
leaks, confirmed that Ms government was al- 
ready engaging in secret discussions with Mr. 
Adams — a development that makes hypo- 
critical the British outburst against Mr. 
Adams's visit. Apparently Mr. Major consid- 
ers it appropriate to talk to Mr. Adams in 
secret, but inappropriate for the United States 
to allow him to talk to its people in public. 

Senators Edward Kennedy and Daniel Pat- 
rick Moynihan joined 3$ other members of 
Congress in urging Mr. Clinton to allow Mr. 
Adams to take pan in a New York conference 
attended by other Northern Irish leaders, no- 
tably John Hume, who speaks for the pro- 
vince’s nonviolent nationalist majority. And 
so the president, for principled as well as 
political reasons, let Mr. Adams in. 

Americans are rightly appalled by violence 
in Northern Ireland, carried out by Protestant 
paramilitary groups as well as by IRA gangs, 
some with criminal sidelines. Yet censorship 
and visa blacklists are not the answer. Presi- 
dent Clinton was right to let Americans hear 
and question Gerry Adams. 

— THE NEW YORK TIMES. 


Other Comment 

After the Outrage in Sarajevo 


The massacre in Sarajevo on Saturday differs 
only in degree from atrocities that have become 
commonplace in that city and throughout Bos- 
nia. But it must not fall on blunted sensibilities 
or be shrugged off with weary’ appeals to “real- 
ism.’’ It was an outrage: not an act of war but. 
cold-blooded savagery against civilians going 
about their normal business. 

It was also a breach of international law- 
perpetrated under the eyes of United Nations 


forces. If the presumptive guardian of interna- 
tional order can tolerate such flagrant defiance 
of its mandate, its soldiers, international law, 
human rights, world opinion and common hu- 
manity, it might almost as well disband. 

it is nearly too late to save anything of the 
UN's authority and to prevent Bosnia from 
descending to a still deeper circle of helL If 
almost the last chance is not to be missal, the 
UN must now summon up the resolution to 
make its resolutions stick. 

— The Independent f London J 



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More Meaningless Banalities 


P ARIS — In its first edition after 
the massacre of 68 people in the 
Saravejo marketplace by a single 
mortar shell, the French newspaper 
Le Monde identified on its front 
page one of the principal culprits in 
the barbaric war of Bosnia. 

Drawn by Plontu, the editorial 
cartoon pictures a Western politi- 
cian. or perhaps a diplomat, stand- 
ing between a television cameraman 
and a grieving Muslim mother cra- 
dling the broken, lifeless body of a 
child in her arms. The official ad- 
dresses her in elegant French: 
“Permit me. Madame, to say to 
you several banalities that are de- 
void of any meaning but will make 
the television audience believe that 
I am with you with all my heart.” 
The world may never know with 
certitude who fired that murderous 
shell with such precision. But the 
Sarajevo massacre reveals how emp- 
ty and meaningless the declarations 
and negotiations on Bosnia spon- 
sored by Western Europe, the Unit- 
ed States, Russia and other govern- 
ments have become, in the pantheon 
of the many culprits of Bosnia, West- 
ern cynicism now occupies its own 
particular place of dishonor. 

The Sarajevo massacre touched 
off a rush to posture in Washington, 
Paris, London, Brussels and else- 
where. Statesmen suddenly fearful 
of being accused of tolerating atroc- 
ity on a grand scale rushed to show 
in words how concerned, deter- 
mined and effective they have al- 


By Jim Hoagland 

ways been. Blame for the honors of 
Bosnia lay elsewhere, they suggested 
either explicitly or implicitly. 
P rimar y blame does lie with the' 

tile waning tribes of 
ex- Yugoslavia, and first of all with 

the Sobs of Bosnia and of Belgrade. 
Outsiders cannot be blamed for not 
risking their own lives to make these 
tribes slop killing each other. 

But the statesmen of the world 
can be blamed for putting their own 
political objectives before the suf- 
fering of the people of Bosnia and 
then pretending otherwise. They can 
be blamed for wringing advantage 
from the blood-soaked garments of 
the Sarajevo marketplace by placat- 
ing public opinion with bromides 
and camouflage instead of provid- 
ing dear explanation. 

instead the world’s major govern- 
ments argue over air strikes that they 
are not prepared to laundi and politi- 
cal consensus that they cannot estab- 
lish. Hidden disagreements he at the 
centerof the ajnfusedfhmycf diplo- 
macy and muted Western saber-rat- 
tling that preceded the Sarajevo shefl- 
ingaod has resumed in its wake. 

The central reality for Western 
Europe and Russia is that Serbia has 
won the war in Bosnia and is ready 
to cash in its chips. Europeans, led 
by France, feel that the time has 
come to accept this result and save 


the Muslims from total annihiiarioit 
by making them surrender — now 
— at the conference table. The 
French truly believe that this is tire 
most pragmatic and moral coarse 
available, provided that the United 
States will join Europe in commit- 
; troops to police the surrender, 
tragedy in the Sarajevo mar- 
ketplace does not change the French 
calculation. Instead, it confirms the 
French view that the conflict grows 
more bloody and more explosive as 
it stretches on into its third 
That is what puts Paris and 
cow, which are at ease with a Serbi- 
an victory, at odds with Washing- 
ton, which is not. (The French argue 
persuasively that they have won 
German ChanceDor Helmut Kohl 
and British Prime Minister John 
ijor over to their view.) 

Clinton administration does 
not see three or four months sure of 
war as the worst possible outcome in 
Bosnia. The Muslims have secured 
arms despite the United Nations 
embargo against ex-Yugoslavia and 
may now be able to “create facts” 
on the ground by retaking territory. 
That would make negotiations more 
productive in late spring or early 
summer, in Washington's view. 

That view happens to fit two key 
realities on the U.S. side. One is that 
President Bin Qmtcm is not pre- 
pared to pay the political cost in the 
Muslim worid or in domestic opinion 
of openly forcing tire Bosnian Mus- 
lims to surrender. Secondly, like the 


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French and every 1 
eminent, the U.5. government is not 
prepared to commit the force needed 
to reverse the Serbian conquest tint 
has already occurred. 

Some Europeans suspect Wash- 
ington has embarked in recent weeks 
cm a coven program of supplying 
small arms to Bosnia. Such a step, S 
it has been taken, would fit a UJS. 
strategy of trying to boy time and 
new ground for toe Muslims without 
running the risks involved in chang- 
ing the strategic remit of the war. 


U-R-European relations are be- 
ing poisoned by the Bosnian w ar, as 

jy held suspicions in Paris over U.S. 
gannmn mg shows. The inability of 
Weston governments to explain 
t hpr ca tenatio ns and conflicts with 
frankness produces a confusion that 
saps public confidence; slowly but 
surety.. More meaningless banalities 
uttered for television cameras can 
only worsen what has already be- 
come a major tragedy. 

. The Washington Post 


NATO Has the Force, but Will Clinton Give the Leadership? 


N EW YORK — In one bloody moment the 
hypocritical facade of Bfll Qin ton's emp- 
ty policy on Bosnia crumbled. The monar shell 
that lolled 68 people as they shopped in Saraje- 
vo's market oa Saturday ended the pretense 
that America had a meaningful policy. 

President Clinton inherited a Bosnian hor- 
ror from European appeasers and President 
George Bush. After a weak show of wanting 
to act, he essentially withdrew from the pro- 
blem, hoping that Americans would forget iu 
From the lowest echelon of the Slate De- 
partment to near the highest, no one believed 
in the nonpolicy. How iar the rot of cynicism 
had gone was shown in a report given at the 
National War College last month by Richard 
Johnson, a department officer who formerly 
headed its Yugoslav desk. He titled the paper 
“The Pinstripe Approach to Genocide. 
“Senior policymakers have failed to level 


By Anthony Lewis 

with the American people on the nature of the 
moral and security’ challenges that America 
faces in the Balkans, Mr. Johnson said. He said 
officials lad deliberately played down evi- 
dence that Serbian “ethnic demising 7 ' of Mos- 
tims m Bosnia amounted in law to genocide. 

I a short, officials knew what was right but 
had not the courage to do iL Or, more precise- 
ly, Mr. Qin ton did not He gave the orders. 

The political calculation in Washington. 
London and Paris was that the victims of 
aggression would eventually accept the divi- 
sion of their country. But (he army of Bosnia 
fought on against the odds, and grew stronger. 
France asked Washington to join inpressmg 
the Bosnian government to give up. That was 
one thing the admhristration would not do. 


The necessary steps are plain. 

• The growing strength of the Bosnian army 
means that no ground troops are needed from 
outside. What Ts needed is what Mr. Qin ton 

and then abandoned — NATO air 
ainst the aggressors, and an end to the 
aims embargo on Bosnia. 

• The slaughter in the Sarajevo market un- 
derlines what should be the first air targets: the 

jevo and^tiiCT^Bosman enclaves. 

• Planes should be used to interdict the 
main-force Serbian and Croatian imizs now 
moving into Bosnia. That means taking oat the 
Dana River bridges that link Serbia and Bos- 
nia, and attacking Croatian entry routes. 

• The United States has warned President 
Fargo Todjman of Croatia repeatedly to keep 
Iris hands on Bosnia. It is time now (0 make 
Croatia pay a price, economic and political 


The United Nations is seemingly prevented 
from acting effectively by its own bureaucra- 
cy and Russia’s veto m toe Security Council. 
Others must move. NATO has the force. 
Lawyers have shown persuasively that the 
UN aim embargo is legally nonexistent. AD 
that is required is leadership. That can come 
from only one man: Bill Chnton. 

On CNN last week, Mr. CUnton’s national 
security assistant, Anthony Lake, boasted 
that “Serb violence around Sarajevo has de- 
dmed" since the NATO summit last month 

Tell that lo theparcnts ofYhe six little giris 
killed by Serbian shells as they played in 
Sarajevo on Jan. 22. Or to the famines of the 
10 people killed by Serbian shells on Feb. 4, 
or of the 68 on Feb. 5. They want action, not 
pretense. So should wo. 

The New, York Tones. 


Heading Off a U.S.-Japanese Collision 


W ASHINGTON — U.S. trade 
policy toward Japan, if it can 
be called a policy, is going nowhere. 
The highly touted “framework" for 
an agreement, initialed last year by 
President Bill Clinton and Prime 
Minister Morihiro Hosokawa, is in 
trouble, according to both parties. 

Like parties to a labor agreement, 
international negotiators often talk in 
grim terms prior to making a deal 
But to all appearances a summit next 
Friday between Mr. Clinton and Mr. 
Hosokawa is in jeopardy. 

Prospects for heading off a collision 
“look pretty dark right now,” said an 
administration official. If the “frame- 
work” talks blow up. the administra- 
tion threatens to consider “options,” 
which means a retrogression to the 
unilateral sanctions and punishments 
of the Reagan-Bush years. 

Mr. Hosokawa, after announcing a 
$55 billion tax cut {part of a proposed 
$125 billion domestic stimulus pack- 
age urged cm him by the Americans), 
was forced to withdraw it because of 
opposition within his fragile political 
coalition. That adds another on- 
known dimension to the outlook. 

Formerly sold on the idea that Mr. 
Hosokawa was genuinely interested 
in and commuted to opening up the 


By Hobart Bowen 

Japanese market so as 10 improve 
living standards for the Japanese 
consumer, Clinton aides now private- 
ly wonder whether they had tnisas- 
sessed Mr. Hosokawa, oral least his 
ability to deliver on his promises. 

One of Mr. Qin tons problems, 

r We have to do everything 
we can to make sure 
that others keep 
their markets open, as we 
have been doing.’ 

suggested Glen S. Fukushuna. a for- 
mer deputy trade representative, is 
that he has not yet formulated a “dear, 
coherent and consistent” trade policy 
toward Japan. Mr. Fukushima points 
out that tbae is no central policy- 
making apparatus on Japan wi thin the 
Clinton arimints liaticin. 

Indeed, pieces of the action are 
read among the White House, the 
Tice of the Trade Representative, 


El 


and the State, Treasury, Commerce, 
and Agriculture departments. De- 
pending on their ties to U.S. compa- 
nies, some Clinton aides are mare 
hawkish than others. 

It is time not only to get the institu- 
tional confusion sealco, but to revise 
American thinking about Japan. U.S. 
policy still suffers from the delusion 
lhai the Japanese are invincible. That 
theme, brilliantly marketed by Mi- 
chad Crichton’s pretentions novel 
“Rising Sun," is answered in a solid 
new book by Bill Etnmott, editor of 
The Economist, “Japanophobia.’' 

Other experts, such as Paula Stem, 
agree that the Clinton administra- 
tion team has become obsessive on 
Japan, which now should be consid- 
ered less of an economic threat. She 
advocates that the administration 
adopt a “get smart” policy that fo- 
cuses on America’s longer-term rela- 
tionship with Japan, not simply (he 
narrow, “get tough" approach. 

C. Fred Bergs ten, director of the 
Institute for International Econom- 
ics, makes the same point in different 
language: Concentrate now mi the 
mac ro economic issues — especially 
keeping the yen strong — and post- 
pone the sector-specific issues to the 
next meeting between President Qm- 



At Best, a Very Qualified Optimism 


P ARIS — The announcement 
of Israeli -Palestinian “peace" 
was meant to be the political set 
piece of the recent World Econom- 
ic Forum in Davos, Switzerland. Ii 
failed to come off. 

1 put the word “peace” in quota- 
tion marks because insofar as the 
two sides can. at this point, deliver 
peace, they already have done so 
by entering into negotiations and 
accepting a Norwegian-brokered 
agreement os Palestinian self-rule 
in Gaza and Jericho. Toe obstacles 
lie in the details. 

Those dements of (he Palestine 
Liberation Organization under 
Yasser Arafat's control have bdd 
their fire since the declaration of 
principles signed in Washington on 
Sept. 13. Those Palestinian groups 
opposed to compromise with Israel 
have not done so. nor has the Islam- 
ic fundamentalist group Hamas. 

But partial peace is better than 
no peace, and Foreign Minister Shi- 
mon Peres of Israel and Mr. Arafat 
have been negotiating over the de- 
tails, which unfortunately are very 
weighty. They concern security for 
both Palestinians and Israeli' set- 
tlers. the latter essential to Israel's 
withdrawal from Gaza and Jericho. 
Fundamentally, however, they are 
d ealing with the question of sover- 
eignty. -Are the Palestinians ready 
to be sovereign in their territories? 

Die two men resumed negotia- 
tions in Norway, where they attend- 
ed the funeral of Johan Jorgen 
Holst, the foreign minister who was 
one of several Scandinavians re- 
sponsible for bringing Israel and 
the Palestinians together for secret 
negotiations last year. Talks contin- 
ued at Davos, where both men had 
been invited in the hope that ihe 
final problems could be solved and 
Israeli- Palestinian accord could be 
announced triumphantly to the great 
and the good, the powerful and rich, 
assembled there together with a siz- 
able part of the world's press. 


By William Pfaff 

Mr. Peres and Mr. Arafat, giving 
the appearance of being under con- 
siderable tension, instead told a dis- 
appointed audience only that there 
would be agreement cm the security 
issues “very soon." 

What happened was that the gov- 
ernment in Jerusalem had at the 
last minute objected to certain of 
the security provisions worked out 
between the two. Mr. Peres, h is 
said, is more optimistic about the 
future outlook for Palestine-JsraeE 
cooperation than are Prime Minis- 
ter Yi tzhak Rabin and sane other 
members of his government. Mr. 
Rabin was quoted last week as say- 
ing that he has more trust in Prcs- 
dem Hafez Assad of Syria than in 
Mr. Arafat since in the past the 
Syrian chief of state has kept his 
agreements, while no one knows if 
Mr. Arafat will be able to keep his. 

Optimism and pessimism are at 
ihe heart of this affair, since both 
sides have to make an act of trust in 
the other, in circumstances where 
real reason exists to doubt that the 
other can deliver what it promises. 

Yasser Ararat's position nas great- 
ly weakened in recent years, ami bis 
willingness in September to sign a 
joint declaration of principles on 
Pales tinian autonomy and Israeli 
withdrawal from Gaza and Jericho 
automatically drove out of his FLO 
all those who considered tins too 
grave a Palestinian compromise. 

A prudent Israeli must certainly 
ask what Mr. Arafat realty can deliv- 
er. A prudent answer might be that 
he can deliver more if the withdraw- 
al does take place in April, as sched- 
uled, on reasonably generous terms, 
with the Palestinians enjoying not 
only tim symbols bat the reality of 
sovereignty. But not aH agree: 

The Palestinians (and the Syri- 
ans. since the status erf (he Golan 
Heights is next on the Arab- Israeli 


agenda) similarly believe that they 
could have more confidence in an 
agreement with Israel if a Likud 
government were signing for Israel, 
rather than the fragile Labor gov- 
ernment of Mr. Sh amir . (Israelis 
with whom I have spoken are none- 
theless convinced that a Likud gov- 
ernment would respect any agree- 
ment made by Mr. Shamir.) 

However, weakened men are 
making this agreement. Mr. Arafat 
does so because Palestinian unity is 
slipping away and he understands 
that what now has beat offered the 
Palestinians is more than they are 
likely to have under any other real- 
istically imaginable circumstances. 

Mr. Shantir and Mr. Peres are 
negotiating because the hard, com- 
bative ana implicitly expansionist 
policy of successive Likud govern- 
ments has led only to perpetuated 
violence and insecurity; arm the Is- 
raeli people, in the last na tional 
election, indicated that they have 
had enough of that and want to try 
for a negotiated peace. 

On neither side, then, does opti- 
mism prevail, only a rather desper- 
ate recognition (hat only worse al- 
ternatives exist to what now is 
going on. 

I was present at a recent dinner 
with several eminent Israelis, in- 
cluding a former ambassador to 
the United Stales, Zalman ShovaL 
Midway in the meal the headwait- 
ercante up to Mr. ShovaL the host. 


10 ask the conventional question, 
was everything all right- Mr. 
val replied, “Thus far/ 


I was struck by this remark, 
which seemed to me a suitable Is- 
raeli response to larger questions 
than the one which concerned the 
bead waiter. A very qualified opti- 
mism is all that. Israelis or Palestin- 
ians can afford at this moment. 
However, that is more than was 
possible before these talks began. 
International Herald Tribune. 

® Los Angeles Times Syndicate 


ton and Prime Minister Hosokowa. 

Paula Stan would use the present . 
window of opportunity to have the 
United States downgrade its trading 
relationship with Japan bom “all- 
encompassing” to merely “very im- 
portant.” That would enable the 
United States to focus on new chal- 
lenges from emerging markets in the 
rest of Asia — including China — 
and in Latin America. 

My concern is whether Mr: Ho- 
sokawa or any future Japanese prime 
minister can generate the visum phis 
the political influence necessary to 
chan and then carry through the in- 
ternal reforms needed in Japan. 

On ihe American side, the Clinton 
administration at the moment is pay- 
ing little attention to suggestions 
from its critics or other outsiders. It 
doggedly pursues the sector-roecxfic 
orientation of the “framewarir talks. 
It fears a backlash from Japan-bash- 
ers on Capitol Hill, xodudiDg promi- 
nent Democratic party officials, if it 
fails to do so. 

The strongest pari of the American 
case is the effort to break down Japa- 
nese import barriers in areas where 
die government has complete con- 
trol, as in its own procurement erf 
computers, satellites, tdecommam- 
cations equipment, and medical and 
other technology; and in services, 
such as insurance, where foreigners 
are not allowed to penetrate the Japa- 
nese market unites their licenses are" 
shared by-Japanese industry. 

The weakest part erf the American 


IN OUR PAGES: 100, 75 AND 50 TEARS AGO 


1894: ARoyalHoHdiy 

FLORENCE — One hundred work- 
men are bnsOy engaged renovating 
and decorating the vula Fabbricotii 
for the reception of Queen Victoria 
on her arrival here next month. In 
accordance with the custom of a 
nnmber of years, Queen Victoria win 
again (fag year niakf . a Grtn frnaifail 
tour during the early spring. The 
Royal party last year was received so. 
cordially and hospitably by the Flor- 
entine authorities that it has been 
decided to. make another visit this 
year to the same place. The Duke- of 
Aosta will a»ttspecutty te Florence 
toacenwthfiQoracmherarri^ 

1919: Harsh Armistice 1 . 

BALE — Whmopeojiig the German 
Assembly at Womar yesterday [FeE .. 
fij. Heir Ebert delivered a lengthy 
roeech, in which her said that the 
Provisional Goveimraal had derived 
its authority from the revolution and . 
now placed that- authority in the' 


bands erf die National Assembly, ai 
present the sole and supreme sover- 
eign of Germany. Later, Hot Ebert 
ronaiked: “1m coaditioas <rf-thear- 
mistice have become indescribably 
harm the -entire Government 
22 ght.be compelled to renounce all 
huffier collaboration in the peace ne- 
gotiations audio leave ouradversaries 
t? support whole rw»sbaity f or 

a new organization of the world/ 

1944: HelsinJdlg Raided 

■ WNDW—JFiom oar Now York 
™itwu:] Thousands of Hnns fled to- 
% OSl 7 ] fromHdshiid, their capi- 
? winch M smoking aftora 
"of bombing fist night 

by a Finnish, offidaiesti- 
rear^ a total of 200 planes, were 

aao^ the most 


'.1 - 




rji’ 





case, as seme, but not all, American 
trade officials wfl] acknowledge, is 
the effort to get the Japanese govern- 
ment to force its auto companies to 
buy a maumm level erf imported auto 
parts, even if anecdotal evidence sug- 
gests that the Japanese companies 
have historicalty discriminated against 
American anto parts. 

- I agree with those- trade experts 
who give ML Clinton credit for open- 
ing up markets worldwide by his sup- 
port of the NAFTA and GATT agree- 
ments, and by partkajatioa in new 
talks about the A^rFacific region, 
but who remain distarijed by his “ie- 
suhs-oriented” approach to Japan, 
which implies unuateral sanctions. 

Columbia University’s Jhagdish 
Bhagwati, the free trade guru, has 
argued that America should keep its 
markets open even if others keep 
them closed 

“I reject the turn the other cheek’ 
Mosophy ” said Lawrence Sum- 
mers, undersecretary of the Treasury 
for international economic affairs 
and a. key player on the American 
negotiating team. “The .proUtan is 
that if we do that, we win never have 
any political exmstituemy in flavor of 
keeping onr.own maApt; open.. In- 
stea^vre have to do everything we can 
to m ake sore that others keep their 
markets opm, as we have been doing." 

■ If Washington and Tokyo axe un- 
able to shift gears, the modi forecast 
otuBskm between two strong powers 
may actually take place this tnyib 
. The Washington Post. 












v r-i 





• n. 












INTERNATIONAL HERALD TRIBUNE, TUESDAY, FEBRUARY 8, 1994 


Page 


•*. i >1 V . 


OPINION 


f Rosy Scenario’ Is Back, 
With an Act for the ' 90 s 



By David 

Bill Omton- But the most upbeat anal^ 

sis^hath«aheadfOTAnieika 1 imd£. 

his pobae&, comcs from none other than 
David Stockman, the architect of the 
Reagan administration budgets that the 
Democrats loved to hate, ■ 

Mr. Stockman, now a New York in- 
vestment banker, was in Washington 
r. last week with an economic forecast that 
* be acknowledged is brighter even than 


Daxid Stockman now 


S. Broder . . 

finds h good. He sees a “2-by-2 econo- 
my”, through the end of the decade — 
meaning 2 percent real growth com- 
pounding year, after year, accompanied 
by a minimal inflation rate of 2 percent. 
Tne “vicious debt cyde of the 1980sT is 
being rated by a ‘'virtuous cycle” of 
personaf and corporate debt repayment 
ffi the *90s. Business is sdf -fingncmg both 
expansion and re-engineering at a rapid 
rate, without squeezing credit markets. 

. The result is a “ sumIy-s dc recovery,” 
in which American firms are again be- 


nuc 



growth, a sinking budget 
deficit and health cctre costs 
broughtunder control 


those he produced as Mr. 


I’sbud- 
whkh 
Sceoaria” 


get director in the early 
Democrats derided as “Rosy 

At a conference here, Mr. Stockman 
drew a pwtureof: 

• Steady economic growth through 
ihe end of the decade, with hole or do 
threat of inflation. 

* A budget deficit sinking to a “com- 
fortable” aid infinitesimal fraction of 
the nation’s annual economic output. 

.j - , • Health care costs under control, es- 

1 1 l\Ts i: ■ - • pecia^y if Congress passer a stripped- 
down version at the Clinton plan 

t True, the Stodqnan forecast was 
greeted with skepticism by some of the 
economists, politicians and business 
leaders at the conference sponsored by 
the Committee for a Responsible Feder- 
al Budget, a private group. To the lead- 
ers of that group — whose purpose is 
prodding Congress and the admmistra- 
tion to take further steps to cot federal 
spending and reduce futere deficits — it 

was not a particularly welcome 

As Carol Cox Wait the director of the 
“One of my board 
said. You have to pack that 
balloon’” of dangerous o ptimism that 
Mr. Stockman had floated. 

Disconcerting people is ahnnv Mr. 
Stockman's trademark He is grayer now 
than he was as a 34-year-old budget 
whiz in 1981, hut he still has a teenager’s 
zest for intellectual stunts that outrage 
his elders. Back then, the budget direc- 
tor's cleverness angered congresskmal 
committee chairmen twice iris age. Even 
President Ronald Reagan was briefly 
upset when Mr. Stockman confessed to 
Toe Washington Post that he knew his 
budget-and-tax plan contained many a 
deficit-swelling “Trojan horse.” 

But his experience with the Black- 
stone Group, a high-powered invest- 
ment outfit, has only enhanced Mr. 
Stockman's exuberant self-confidence. 

From his Wall Street perch, Mr. Stock- 
man looks down cm Cumonozmcs and 






-j seamconductois. tearing UK TOUUKU 
Japanese behind. As export markets ex- 
pand in Europe and Asa, this new: U.S. 
industrial juggernaut wiO be superbly 
positioned to clobber the competition. 

Inflation is hardly awccryTu-S. firms 
have added so much pixxfaxxive capacity 
even whDe redudngthar workforces that 
there is little upward pressure on wages. 

Further, you can expect go v ernment 
policy worldwide to choke off inflation. 
The great central banks in the United 
States, Germany and Japan serve “geri- 
atric-societies.'’ As populations age; po- 
litical pressure to create new jobs is 
replaced by pressure to protect ravings, 
The result: “a mass constituency for 
fi ghtwig inflation.” 

Budget deficits are soon to join yester- 
day’s worries. Barring war or domestic 
disaster, the share of the gross, domestic 
product allocated to government spend- 
ing for cash retiremait benefits should 
remain stable, while defense and domes- 
lie discretionary programs decline under 
Mr. Clinton's 
Ahead lies “a Jong period of fiscal 
stability” probably m miin g nntil 2020, 
when the baby-boomer retiremait wave 
has. hn. By the of this decade;. the 
deficit, which the Congressional Budget 
Office says was 4 percent of gross domes- 
tic product last year, “trill settle into a 
comfortable 1 to 2 percent” of GDP. 

Health care is a concern, Mr. Stock- 
man concedes, but not bsgenough to 
blow Rosy Scenario away. The essence 
of the problem is that tag employers 
have extracted large price concessions 
from the health care providers, but cost- 
shifting has priced small firms and indi- 
viduals oot.of the health care, market. 

Mr. Clinton's health reform would 
deal with that by organizing the rest of 
America into buying pools. The plan 
wfll work, especially if it is changed (as 
Treasury Secretary Lloyd Bentsen at 
ready has suggested) to allow thousands 
of bargaining units, not just a few giant 
purchasing alliances. 

It mi gh t work so wcU, indeed, that the 
savings, wfll pay for the expected growth 
in health care Mis of the ddetfy and 
indigent and still provide insurance cov- 
erage for everyone. 

Thus saitb David the Stockman. And 
you all know about his crystal balL 
The Washington Past. ' 



r She says if we kick her out, she’ll break our goddamn knees— pass il on 


When Knowledge Is Salami 
And Your Computer Is Wry 


By William Safire 


H arpers ferry. w«t Virginia 

— Five thousand years ago, an- 
cient man invented writing. Five hun- 
dred years ago. Renaissance man in- 
vented the priming press. Fifty years 
ago. modem man invented the comput- 
er. Five years ago, postmodern man, or 
person — by conceiving of all knowl- 

MEANWHILE 

edge as a universal salami, sliceable and 
compressible — pm the world of infor- 
mation at oar beat and call 
We have not yet felt the impact of that 
most recent revolution of communica- 
tion. Here is a way to grasp the potential 
of digitization and compression: 

You know how all the old liberals are 
onl 


Everybody an Aladdin; a personal genie 


at the service of every human being. 

m your unimedia devic 
D your . 

ests, foibles, capabilities and sboncom- 


You program vour unimedia device 
with ah your preferences, habits, inter- 


LETTERS TO THE EDITOR 


Heroes of Sarajevo 

Regarding " And So It Continues in 
Sarajevo, Death by Death ” (Opinion, 
Feb. 3) by Zlatko Dizdarevic: 

Even potting aside the persistent 
good work of Mr. Dizdarevic and his 
colleagues on the staff of Oslobodjenje, 
the Sarajevo daily, his article stands as 
one of the finest examples of journal- 


ism ever packed into 600 words. His 
assurance that he does not hate us, the 
people outside Sarajevo who read and 
then forget, the pofitirians who speak 
but do not act, gives us no comfort It 
was not meant to, nor should it He is 



“yesterday’s 1 

duced to ruins. The heroism of Mr. 
Dizdarevic, his Oslobodjenje col- 
leagues and the people of Sarajevo will 
not soon be forgotten. 

PHIL DAVISON. 

Madrid. 

ITie Bosnia Arms Embargo 

Regarding the editorial “ Encourage the 
Bosnians!" (Opinion, Jan. 31): 

Not only should the Bosnian Muslims 
be encouraged to defend themselves, 
they should not remain gravely and un- 
fairly disadvantaged in doing so. Lift the 
aims embargo, and all the futile argu- 
ments about air strikes and ground 
troops can cease: So can the false daims 
to morality. The Bosnians will defend 
ihwT Mdv M a gains t slaughter and “eth- 
nic deansing without the intervention 
of Europe or the United States. 

LEONORE SUH1. 

Portimao, Portugal. 
lifting the arms embargo wfll do 
nothing to solve the three-way political 
dispute in Bosnia and will only in t e nsif y 


and prolong the bloodshed. Were the 
Bosnian Muslims to receive weapons 
from their foreign supporters (in addi- 
tion to the clandestine arms shipments 
they already receive), the Croats and 
Serbs would certainly turn to their for- 
eign friends for more arms. Experience 
shows that pouring aims into a civil war 
ensures its continuation. From Afghani- 
stan to Angola, terrible wars have been 
sustained by the “good** intentions of 
foreign arms suppliers. 

NEVEN LEZAIC. 

London. 

Voices for Restraint 

Regarding the Other Comment item 
"Small Ways to Save Ourselves" (Opin- 
ion. Feb. 2) from the Las Angeles Times: 

Apart from the ethical problems in- 
volved in elderly ladies gleefully profit- 
ing from deep-frozen embryos, there is 
the global aspect to consider. If there is 
one thing this dear planet is not short of, 
it is members of the human race. 

NEST A COMBER. 

Voice. France. 

Two seemingly opposing doomsaying 
views occur frequently in your pages: 
The world population continues to 

§ row, while the population of some in- 
ustrialized countries is graying. The 
fact is, to solve overpopulation we wfll 
have to accept graying, and that will 
mean accepting temporarily reduced liv- 
ing standards. But there is little alterna- 
tive — except our self-destruction on the 
sword of overpopulation. 

GERALD C. HARDY. 
Manchester, Connecticut. 

North’s Giveaway 

What a commentary on contempo- 
rary U.S. politics and mores that Oliver 
North, formerly of the U.S. Marine 


Corps, can be a serious contender for a 
US. Senate seat. He reportedly feds 
that “most people don’t give a rat’s pa- 
tootie” about the Iran-contra affair 
(IHT, Jan. 29). As senator, wfll he pro- 
pose legislation permitting indicted per- 
sons to decide on their own whether 
their fdony is serious enough to be pros- 
ecuted? Will it matter to him if he is lied 
to at Senate bearings? 

If nothing else, that “rat’s patoolie” 
gives him away. Any real marine knows 
mat is not the right" expression. 

RICHARD C ALLEN. 

Ca p iain, U.S. Navy (retired). 

Amsterdam. 

How the War Turned Out 

Jonathan Yardley (Books, Jan. 29) re- 
marks that “we know, now, bow the 
[Cold] War turned out — nobody 
won ..." Mr. Yardley presumably in- 
tends the comment as an ironic witti- 
cism. Such irony, which pervades the 
substance of his review, should not be 
given room. Would Mr. Yardley affect 
an equally detached irony at the news 
that the Cold War had been lost? 


an 


RALPH BERRY. 

Kuala Lumpur. 

It Was Latin to Him 

Regarding “ Let Os Not Be Shy About 
It: Tougfi Criticism Is Our Job 6 (Opin- 
ion, Feb. 4) by William Safire : 

Mr. Safire, the langimy expert, thinks 
"hyperbole" is a Latin word. Perhaps he 
has never beard the expression: **The 
Greeks had a word for it.” “Hyperbole" 
is one of (hose words. 

CHRIS G. PETROW. 

Neuilly-sur-Seine. France. 

Editor's note: Mr. Safire expresses his 
regret for that error in a column an this page. 


prisons with no exits, to accommodate 
more and more criminals? Instead of 
spending all that time and money on 
more and bigger facilities, what if we 
could shrink the criminals? We could get 
a hundred times as many hoodlums into 
half the hoosegows. 

That is what the salami revolution is 
already doing with information: sh'dng 
and sh rinkin g it so that we do not have 
to rewire the world or reinvent the 
wheel. As a result, the old industrial 
world — based on corporate or state- 
owned machinery driven by fossil fuel 
— is being quickly replaced by the infor- 
mation world, driven by the inexhaust- 
ible intellectual energy of the individual 

This insight was vouchsafed to me last 
week by the French futurologist JoH de 
Rosnay at the World Economic Forum 
in Davos. Switzerland. I'm beginning to 
get what’s going on with all these global 
multimedia mergers and info-highway 
>ok. We can deal with it in 
plain words and homely metaphors. 

Picture the face of a clock. At the top, 
12 o’clock, is a book; at 3 is a computer; 
at the bottom, 6, is a television screen; at 
9 a telephone. Wind up the clock and 
watch it become what Mr. de Rosnay 
calls "unimedia." 

Within the first quarter-hour, we have 
desktop publishing; in the second quar- 
ter-hour we have the PC-TV, with its on- 
demand movies and games; coming up 
toward the telephone at 9:00, we have 
the videophone, and in the last quarter, 
between the phone and the book at the 
top, we have the fax and all the two-way 
shopping and researching. 

Now stop thinking of aD these devices 
individually and mush them all together. 
No, you don't get a page of print stud; in 
a computer showing a movie attached to 

K ear. No linear plodding; lake a 
You get something that you can 
telf what to da Those 10 words are 
engraved on (be key to the Info Age. 

1 breathed this in wonderment to my 
son, the software developer, and he ho- 
hummed, “You mean the intelligent 
agent.’ " Old stuff to the cutting-edgy, 
but to us codgers — a world revealed. 


togs; you command it to leant ail the 
complicated codes to relieve you of the 
dreary details of communication. You 
confide to it your bank account and job 
prospects and arrange fra- it to respond in 
your language, at your educational level 
Then you talk or write to this thing in 
your hand. “Get me to the holistic medi- 
cine s eminar in Squeedunk on Tuesday 
and see if there's a dentist in town." 1 1 will 
reply: “It’s cheaper to gp Wednesday, 
wind) is when the seminar begins, and 
you can have the aisle seat in the smoking 
section: after the agenda is Taxed to us. 1 
wfll call the databank for background 
and brief you on the plane; and whatsa- 
matter, you got a toothache?" 

Sounds blue-sky, but unimedia is 
what’s happening. Your genie will not 
make simple mistakes (like rooting the 
word hyperbole in Latin instead of 
Greek) or permit memory slips (like for- 
getting it was Francey Lane, not Dinah 
Shore, who sang on the 1950s’ "Easy 
Does It”). Tefl it to help you find a spouse 
and it wfll match your tastes to another’s 
in an intranet, dial up the date and print 
out directions to the agreed-on bar. 

Dangers abound: President Bfll Clin- 
ton has cravenly allowed NSA (No Such 
Agency) to bug the info-highway. Futur- 
eihicists wonder if virtuous-reality love 
can compete with virtual -reality pom. 
And the big one: how to get our personal 
genies back in the bottle. 

The New York Times. 

Tolls on the Road? 

T HE INFORMATION revolution is 
burling us into unknown economic 
and social challenges. Those who can 
afford to tap into the fast-expanding 
hodgepodge of communications services 
already enjoy the many benefits. Those 
who cannot are being left behind. 

The Clinton administration has 
made access to and affordability of the 
nation's emerging information super- 
highway a major priority. Vice Presi- 
dent A1 Gore has outlined the need for 
“universal service." 

Universal service is desirable, much 
like rural electrification and telephone 
service. But how is it to be financed? 

Should government's role be one of 
high-tech cot in directing universal ser- 
vice? Should it be a federal investor, as 
in the electrification of rural America? 
Should it guarantee the private sector a 
rate of return in exchange for making 
access affordable? Or should the private 
sector provide universal service pro 
bono? These questions are emerging as 
the Climen administration readies a leg- 
islative package on telecommunications. 

— Los Angeles Times. 


K 






Four hundred of the 
world’s most prominent families 
call Fisher Island home. 


There arc a few places in die 
world where people can truly 
relax and enjoy a remarkable 
lifestyle. 

One of them is Fisher 
Island. 

It is a 216-acre sanctuary 
of lovely homes, beaches 
and recreational pleasures, 
providing the finest ameni- 
ties in a serene, pampered 
environment. 

Its seaside residences are 
luxurious and as large as 
9,000 square feet, with ter- 
races of an additional 5,000 
square feet overlooking the 
Gulf Stream, Biscayne Bay 
and the skylines of Miami 
and Miami Beach. 

Created by William K. 
Vanderbilt II, great grandson 
of American industrialist 
Commodore Vanderbilt, 
Fisher Island has been a 
favorite of the world’s impor- 
tant people for 70 years. 

The family's spectacular 
winter estate included a 
dramatic home by the ocean 
filled with antiques from one 
of Napoleon's palaces. On 

Countess Donatella Pua-Bhmtof 
Fisher Island aod Rente. A best-seihng 
author. At Countess heads fdilan- 
bastd Doaaerda Peed-Blunt Inc., 
the asfiutia company she, fimnded. 


r.At, 





the grounds, Vanderbilt 
erected charming cottages 
and guest villas amid 
resplendent gardens and 
fountains. The mansion and 
surrounding structures have 
been restored to their former 
grandeur as The Fisher 
Island Club. 

In recent years, impressive 
social and recreational facili- 
ties have been added. There 
is a P.B. Dye championship 
golf course; an international 
spa lauded by Totcn & 
Country as one of the finest 
of the 1990s; a racquet club 
with day, grass and hard 
courts: two deepwater mari- 
nas which host the largest 
yachts in the world: a mile of 
Atlantic beach; and a variety 
of excellent restaurants. 

There arc manicured parks 
for afternoon strolls; an island 


shopping plaza with its own 
bank, post office, trattoria and 
dockmasrer’s office; and. per- 
haps most important of all, an 
armosphere of securin' that 
allows residents co lead a life 
of privacy and pleasure. 

Little wonder, then, that 
400 of the world's most distin- 
guished families, hailing front 
39 countries, now call Fisher 
Island home. 

We invite your inquiry. 
Residences $800,000 - 
$ 6 , 000,000 


FISHER ISLAND 


/ 'alike any fonmanity 
in the stork! 

Fisher Island. Florida ,V>109 
(3D51 535-6071 / (W>m hM-jJSl 
Fax i3ll5l 535-hlHlS 

Restored Vanderbilt Guest llrittuce 
and Seaside Villa aecnmmodatioils 
■available from S425 to SI .0(H) per night. 


'Uib ptcijcn 1* (ejected with tfacNc* Jcrccy Rol t-Unitf Cunmwiiim. NJKKC CflM-Tl | tu 7lh RegUmiuHt line nnr fiinwiniru jn cnJi«vnu.-nl .if the muniM* 
mine iif dv= piujeit. Obtain aid read du* New Jcm.-y l'uhlic < MYcrine Mjicn>cru bcliau uccinc JayrhinR. IliK it not jn nffciinc ui |k:ruui ip jn« ,ijic wrwi.- 
well all iflcrine nuy nan Infultr be made. Itijual I lnuMnj;l)pfK>rtwn«Y. 





/ 


International Herald Tribune 
Tuesi 
Page 


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>-v' ---A 

Ins and Outs of the Label Game 

j-k^ II ill 1 1 H Bazar, with a tar 


International Herald Tribune 

AR1S — It was an idea 
of the extravagant 1980s: 
a secondary hoe bearing 
m a designer logo in order 
to offer the label at a lower price to 

an cver-widex audience. 

But now the concept has 
changed. A second designer line 
becom es a first prionty. ft is 
meant to appeal to a different au- 
dience. to have a separate image, 
to express the varied range of a 
creative spirit and a different facet 
of the designer's personality. Don- 
na Karan's sporty DKNY range is 
a prime example of a fashion line 
that never plays second fiddle. 

Christian Lacroix, a designer 
associated with the luxe of high 
fashion, launches for next season 
his Bazar collection, shown last 
week on young girls with braids 
in their hair, boots on fear feel 
and an attitude expressing street 
rather than salon. 

Muting plaid peasant skirts, 
frock coats, ethnic-patterned 
sweaters and lacy tops that are 

part of his pantheon, Lacroix gave 

the collection a gust of country an. 
Shades of earth brown or dark 
beny red were used for the short 
jackets and wide, cuffed pants, the 
duffel coats, suede jackets and 
shearling vests. Nylon coats or 
quilted jackets with Provencal mo- 
tifs and simple smocks proved that 
a designer who bad seemed m 
thrall to opulent fabrics and elabo- 
rate decoration can also work on 
simpler lines. 

“The idea is to avoid the idea 
of a secondary tine and to look 
for a different clientele with a 
different way of dressing so that 
this collection becomes analo- 
gous to the main tine," says Rob- 
ert Bensoussan-Torres. Lacroix s 
president, charged with expand- 
ing the six-year-old company and 
turning it to profit. 

His target is 100 million francs 
(about S17 million) sales for Bazar 
in Europe for its first year, with a 
later expansion into the Asian and 
American markets. The line is 
made by Kenzo, another house m 



Bazar, with a target of 400 
points of sale in Europe, wffl 
price jackets from 2^00 fr ancs, 
pants from 800 francs and starts 
from 700 francs when they go on 

sale for the fall season. 

Sonia Rykiel's Inscriptions line 
is already established —with her 
daughter Nathalie as its oeauve 
director and driving force. 

fall tine, shown last week, is 
sportier and less sophisticated 
tfvin the main tine,_and with a 
distinct personality in its signa- 
ture knitwear: duffel coats in 
cuddly boudette worn over an 


. ■rnx't : ; 


kle-lmgfe floaty skirts; 
knits baring the tmdnn; 


rails Dan: * l — 

tunics with apptiqued patches. 

Although hemlines were mostly 

long or traded for pants. Inscrip- 
tions had a youthful jaunty fed, 
enhanced by hip accessories like 
floppy hats and silver boots. 

“The roots are part of Rykiel 
but it's got a different identity and 
is targeted for a different customer 
with more casual clothes and more 
variations in fabrics, says Ry- 
kiel's Simon Burstem. The line, 
selling at 30 to 40 percent bdow 
the designer collection, accounts 
for 10 percent of the business. 
-Unlike a lot of companies, we do 
not want a secondary line dupli- 
cating what we do already, says 
Burstem. “That would erode the 

base by eating into our core bush 

ness. It needs its separate identi- 
ty.” 

However well -planned the seo- 
. — — -aiegy, will the cus- 
it? Retailers say off 


omHine straieev. will the cus- 
the record dial sales are not 


lomers 


Lacroix’s layered velvet and plaid for his Bazar line. 


the fashion group owned by Ber- 
nard Arnault. This is also part ot 
an internal reorganization where- 
by Lacroix’s leather goods will be 

made by Louis Voitton, and a new 

fragrance, destined for 1995. creat- 
ed with Parfums Givenchy. 

The idea or licensing a deagirer 
name across the globe went hnet- 
N out of fashion during the 1 Salts 
expansion, although companies 


soon found —Gucci is the prime 
example — thai cleaning up li- 
censes meant reducing royalties. 
Bensoussan-Torres says that 
there are now “no more truths. 

“Each house makes its own de- 
cisions — some for licensing, oth- 
ers for their own production, he 
says. “But the most important 
thing is to use creativity to pro- 
duce salable products.” 


matching expectations for State 
of Claude Montana, and there 
are rumors that Ralph Laurens 
recently launched new sports- 
wear line has not soared away. 
But the point of such ooflecuons 

is to build up steadily alciyal liea- 

tde, as Giorgio Armani has done 
with Emporia When a secondary 
line is so succesful that it cantave 
free-standing stores, it has earned 
its place as first-dass fashion. 


The Opulent, and Intimate, Faberge 

m it* nmhrite fit* efinibing a gMo 


•• 

:*prm 

■ V* ■ 

te Omn-m 

1 — — 

•• 

: .-iwm- tolto 




By Suzy Menkes 

International Herald Tribune 


Suzy Menkes 


L ondon — n would. 
nrekp. the perfect St.' Val- 
entine's Day gift — a 
plump red-en am e l heart 
standing thumb-high on a peari- 
studded pedestal A group of wom- 
en — old and young — are gazing 
at the gewgaw, which swivels to 
reveal three heart-shaped frames 
set with rara^ranes of mother, ra- 
ther and baby daughter. 

Srnre this is one of those hearts- 
snd- flowers objects designed ^by 
Carl Fabergfe, the bearded fafeerj 
degant wife and fluffy daughter ot 
a century ago are Czar Nicholas II 
his Wei Alexandra, and Grand 
Duchess Olga — the doomed Ro- 
manovs in the last flourish of their 
opulent dynasty. 

And there you have in a trinket 
the size of a nutshell the essence of 
Faberafs appeal to the crowds who 
are standing patiently in line at the 
Victoria and Albert Museum m 
Loudon, just as they did when the 
exhibition was shown at the Musee 


des Arts Dioratifs in Pans last year 

and in its home in St Petersburg. 

Tfs the domestic appeal says 
Gfeza von Habsburg, the exbfl*- 
tipn’s chief curator. “AnfetoenJbere 
is the nostalgia factor. It represents a 
bygone age, when evetyfetog ws 
stiUO.lL, when all the monarchs 
were still in situ — and al the same 


join the dutlerm mantelpieces, as 
at Sandringham-” . 

The V & A exhibition features 


were stm m sim — uuu « 
time it is part of feetragtomstpey of 
the Russian imperial home. •, 
Art critics trad to mamss ra- 
bergfe’s objects —and especia lly the 
mena^rie of snuffling pigs, _ sturdy 
stallions and . 

as kitsch for toe neb, finely crafted 
but ultimately just designed to titil- 
late the bored court of a dec adent 
dynasty. Even von Habsbtug, mreo- 
tor of the Washington-based Fa- 
ber# Arts Foundation, founded m 
1990, admits that he does not take 
Faber# “too seriously." 

“Faber#' s ait was meant to 
amuse — they were 'conversation, 
pieces which fulfilled a fu nctio n at 
a time when people were bored, be 
says. “They were the perfe ct am - 
bassadois for a particular m omen t 
of giving. Once given, the moment 
of glory was past, and they went to 


Elizabeth’s residences: tne jaumu*. 

rmditiOQ of Queen Alexandra s 

kingese^afan^engravedrodt-cry^- 

tal de& dock; cna md ph otograph 
frames coniainmg pictures of eras, 

/-■ mimTimk nnH their Si OT- 


its nephrite frog c&nbtag a gilded 
ladder "A tiny watering can with 
gold-and^amand nozzl e ha t he 

doffliousn mpeal of all the instore 

danesti^ogecteas^^ 
bergfe. The, enamel photo grapt^* 
wifoafkxmfli ribbrais and 

« r- <4*«fnicf Tvvnt /vf nwrvad 


■te 


• . xem 


suited drildren all QoefarViD- 
toria’s look-alike 

the coronet-toppe^ 1 ^^ icailef- 
swagged dwwcases on Smday vas 
almost «mtrody . 

female nsvaxe. MnMmFOTbeswas 

a 


m m enatiasiQcgy auu — 

most fanciful sod decorative exam- 
ples: the sugar-pink: enameled eaa 
smo thered with pearl. Hies of 

yi_ _ — n o #Vifitnrmn-fraj 


bows is the Startmg ptmu o» 
nft-store copies, buttitearipnal has 
added poignancy when, the . viewer 
knows -that tbe fanhly ractured 

would he rrmriered in the Knssan 

Rerointioo. > .. . „ 

. The exhibition offers tantalizmg 
inagfrts into other ft^ofFabo# 
New documentation has smlaced 
ahoo the openmg op of th e forme r 
Soviet Union. A:series of working 

drawings— aU ddicate tracery mid 

fancy garlands — . recreates Fa- 
bagfc’s jewehy, almost none of 
Miuh has survived, although there 
are-ice and mow crystal pendants, 
riiahvinri &set in platinum, on. show. 


lUMoag Ahawrf 


-> 





j..- 



JOliRNEY TO KHIVA: 

A Writer’s Search for Cen- 
tral Asia 

By Philip Glazebrook. 289 pages. 
S23. Kodansha. 

BOBDERLAINDS: 

Nation and Empire 

By Scott Malcomson 250 pages. 
$22.95. Faber and Faber. 

Reviewed by Luree Miller 

F OR fans of travel literature 
there are few greater pleasures 
than to be guided through un- 
known lands by an empaihelic, ur- 
ban traveler who points out subtle 
details of place and character and. 


with a storyteller's skill seamlessly 
links them to a country s asmtui 
and turbulent history. This Philip 
Glazebrook does with elan in 
“Journey to Khiva: _ A Writer's 
Search for Central Asia." 

Glazebrook, an E nglish novelist, 
laves The Travellers Club in Lon- 
don, takes the train to Moscow, 
flies to Tashkent (reluctantly, lor 
he would rather go overland), then 
drives to Samarkand, Bukhara and 
Khiva. The lime is spring 1990. but 

Glazebrook’s search is for the 
for a thread of continuity in 
Tabled dues of Central Asia. 

As a writer of fiction set in times 
past, he yearns to find physical 
remnants of the world his charac- 
ters inhabit. 

A similar quest, recounted m 


“Journev to Kars,” took Glaze- 
brook in the early 1980s through 
the Balkans to Kars, an Armenian 
town on the Turkish border with 
Russia, where he looked longingly 
across the Iron Curtain. Now, as a 
member of the Cold War genera- 
tion who never expected to pene- 
trate the heart of Asia, he is filled 
with excitement and anticipation. 

But what greet 5 Glazebrook m 
Samarkand is a “glittering mael- 
strom of concrete and glass.” In 
Bukhara his hotel rises “in tiers of 
decks above its lagoon of con- 
crete.” And the remaining bit of 
old Khiva be finds has been recon- 
structed into a Disney-like thane 
park. So he ambles through mar- 

f . j i ■ ■ ■■■ir merin o 


Here, and at some memorable 
feasts and outings, be finds rem- 
nants of the rich, warm, ethnic tire 
the Soviets so ruthlessly attempted 
to destrov. On ubiquitous wooden 
benches set beneath shade trees, he 
reads, watches the colorful crowd, 
reminisces and treats the reader to 
stories of 19th-century travelers, 
both Russian and Fng li s h, whose 
exploits excite his im ag i nation. 

It is a leisurely joumey. rich in 
exquisitely rendered descriptions, 
but not without incident and frus- 
tration. 

In Moscow Glazebrook is at- 
tacked and nearly killed in his hotel 
room by a man with a knife. The 
indifference of the hotel staff and 
the ineptitude of the police are ap- 
• palling. Gravely shaken, Gla zc- 
brook gleans some small comfort 


By Robert By me 

M ichael adams turned a 

timid Caro-Kann Defense 
into an incisive instrument of coun- 
terattack, in a game against Kinl 
Georaev. 

In the main lines of the Caro- 
Kann, Black yields his strong point 
in the center with 3~.de; after 4 
Ne4 White gets superiority in cen- 
tral space, while Black digs in on 
three tanks to keep the opponent 
from further aggrandizement. 

The purpose of 6 Ng5 is to avoid 
an exchange of knights, since re- 
duction of material benefits the one 
in a cramped position. And. on 
6-c6 7 QeZ shere^es thc thr^i 
of 7 NI7! Kf7 8 Qe6 Kg6 9 Bd3 
Kh5 10 Qh3 mate. 

This is easilv warded off by 
i Nb6 but after 8 Bd3, Black 

rvts /Q Bb4* 10 c3 Bc3 11 Kfl. 
costs Black a piece) 10Ne5!Q&yi 
Rfl Be? 12 Ne[3! Qg4 J3Nf7-, 
which gives White a powerful at- 
tack for the sacrificed pawn. 


iOAMS/a-tt* 


rpm 

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ip wM 

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ai 


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position atier 27 Kb2 


After 8— H6 9 N5f3, Black knocks 
out the white center pawn with 
9...c5 10 dc Bc5. 

After his 11 Bd2 0-0 12 O-O,. 
Qcorgicv saw that Adams could 
dispense with defense m favor of 
immediate counterattack with 

12. Na4- 13 Ne5? would have 


been met by 13-.Qd4! 14c3Qfl 
Georgiev tried to slow thing 
down by 13 Bb5. yet after 13. -Bd7 
14 Bd7 Qd7!, he had no time to 
seize a pawn with 15 Bh6? because 
!5 .Qc7 16 Bg5 Qb6 17 c3 (17 Bf6 
gf i’8c3 Rfd8 19 Nh3 Nc3! 20 Rd8 
Rd8 21 Qc4 Nd5 may be White s 
best defense, but Black's advantage 
is dear here, too) Ne418Nhjf6 19 
Be3Be3 20feRarf21Rd3Nag1 
22 bcNc3 13 Rc3 Rc3 24 Kd2 Qb2 
25 Kel Rcl wins for Black. 

Georaev failed to realize the. n ®' 
cessity for anchoring his 
with 23 F4 to ward off ^-Nac3M 24 
be Nc3 25 Rd8 Rd8 26 Qcll Be5. 
Instad, his 23 Ng47 let Adams 
strike a blow with 23...Nacj. 

Maybe Georgiev had overlooked 

. nA i ;nVoiWUJ!l! 24 


with 26 0e2 because 26_Jlb2 27 
Kb2 RdcS 28 Rd5 Rc229Qc2Rc2 
30 Kc2 Qa2 31 Kcl Qd5 yidds 
Black a winning queen plus three 
for a rook plus two knights. 


AH difficulties, as Glazebrook 
says, were worth the joy of simply 
Wig in Central Asia, to see the 
mountains, the steppes, and the cit- 
ies where Russia and Great Britain 
played the Great Game for the 
prize of empire. 

Now that that spy-laden round is 
over, did ethnic rivalries have re- 
surfaced, a new Russian dema- 
gogue calls for reconqnesl and an- 
other version of the Great Game 
may be steaming up. We are lucky 
to have Gtazefarook's observant 
and entertaining interim report 
with an exceHenl annotated bibli- 
ography and index. 

An American, Scott Malcomson, 
records his trips in 1991 and 1992 
to Uzbekistan and the Balkans 


Malcomson entered Uzbekistan 
illegally. His interviews, anec dotes 
n<T copious quotations from ideo- ■ 
l opreil treatises are numbered as if 
transcribed directly from his note- 
books. So afraid is Malcomson of 
the label “white writer to danger,” 
which he applies to modem travd 
writers, that ne refers to himsel f m 
the second person, an awkward de- 
vice. When he -writes “Do you re- 
member the poster above the bed 
of the young Bulgarian stii dmt yo u 
know?" he is speaking to tomself, 
not you. 

The key to understanding these 

racially and culturally mixed ar- 
eas, Malcomson posits, is the mdi- 
viduaTs search for identity (tead- 


Uai 8 SC1U.WU >■■■ — 

ing the reader to wonder whetter. 

in his 


quite differently in “Borieriandsj 
Nai‘ 


pawns 

After 26 Qf3 Bb2 27 KbZ, Ad- 
ams fired the final salvo with 
27_.Rc2! 28 Kc2 Qa2 29 Kd3 Qc4. 
Gewgicv saw that 30 Kd2 Nb4 31 
Ke! (or 3i Ke3) ends in 3L-Nc2 
mate and he gave up. 


Nation and Empire.” Malcomson 

is a hip young journalist to a hurry. 

Born to 1961. he is now a senior 
editor at the Village Voire and, 
according to his book jacket, 

learned the languages of Romtoia, 

B ulg aria. Turkey and Uzbekistan 


in his travels, he were not search- 
ing for his own). Not surprisingly, 
he found that peop le who have 
been the pawns of empires from 
til™* imm emorial are hopelessly 
unsure about who they are and 
mth whom to cast thar lot, lbs 
supporting evidence provides in- 
teresting insights into these unfre- 
quented regions now unhappily in 
the news. 


jmnmuue u*. , T 

daughters; or the ttoy. diamond- 
stndded coronation coach m to 
primroso-yeflow egg. The range cr 
Faberafs odors m enamd remains 
an artotic wonder. . 

yywne of the most aesthetically 
satisfying onsets are the nga rett e 
handsome idks oil the.days 
of innocence when smoking 
seemed d»dimg mid manly. An en- 
tire display case is devoted to the 
collection of Luzarche d’ Azay, a 
French cavahy ofificer wMi myste- 
rious connections who left 18 goto 
cases, traced with eaamdedfoBage, 
chased with fans and sunbursts, 
marked with Arabic tosarotlaiis or 
showing a map of the Valley of th e 
Nile with cabodkm gems maikmg 
tewns and maybe love trysts. 

A cigarette case firm me Briti^i 
royal boDection reveals avignctie of 
ftfet Icve. A sensnous (fiamcaid ser- 
pent slithering across deoi^blue 
enamel was given to King Edward 
yn by Kw. mk t f BS ABce Kcppd. At 
his deathbed, Edward’s forgrvmg 
wife; .Queen Alexandra, g awe the 

tb* tlte crown when s he died , al- 
though an. essay in the comprehen- 
sive catalogue suggests that Queen 
Mary, Alexandra's danghau-m-faw 



BE ardiives reveal a dif- 
ferent aspect of Fa- 

bergt^a prolific work- 
— shops, which produced 
150,000 qbjetts between 1885 and 
1918, 4ritoi tfaey were dosed by fee 
Bosberiks, two years before Fa- 
bcrg6'<fied to Switzeriand. For the 
bourgeoisie, the- Moscow, work- 
shops created richly decorated doi- 
sonnft boxes with jewd- 

- bright colors and Russian heroic 
imagery. These Fabcrgt pfeces, in- 
spired by his ethnic Russian hen- 
tHgRj are iaatrasfto the anodyne 
iladgna that served as calling cards 
at international royal gatherum?. 
Fabergfe fakes, whim von Habs- 


- • -S,:^ fm : 

-r rVitfWi-jWd 
* .'.crt * pi t*m 



- A. 1 ■ 

burg says- have ended almost 


Utwfi _ — ^ 

ln*>g as the real .dungs, are also 
-featured at die V&A show as 
“Fauxbergt” Some sodi pieces, 
supposedly authentic, are in cbflec- 

xr II— m Aviun. 


*- k - .it 

■ '■■■•■ ‘V 

s. ik ifp- 

f v-f - 


SUJ^UIWI} AOU1SUUV, 

dans at the Kremfin and in Ameri- 
can museums. Accasfeng to a re- 
cently pttoHshedbook, “Tbe Dark 
■SSde of Power: The Real Armand 
Hammer,” many of .the so-called 
Fabeigt pieces were created in the 
peri od wnen Hammer was the cot- 
dmt from tbe Soviet Union to tim 
United States. • 

• Aft»feefafiof comnmmsm, will 

more gen uine Fab«gfc now sur- 
face? Von .Habsburg says tiiat he 




^■^3 ^ • 8 v' 



Luree Miller, whose books in- 
clude “On Tap of the World: Fm 
Women Explorers in Tibet,'' wrote 

-l:. TL. U r i>* la i m rrrnn Pnrf , . 


lossessea royai sOT-wa.- 
u is Ac intimacy d die Fabergt 
gifts, the personal messages and ia- 
the fam3y photogr^hs and 
■ ihe window on a lost wood feat 
'appals to the modksnrday audi- 
ence, even when fee object todf — 
give «■ late its predocs materids 
and deticate worVimuBdrip — is 
u.. u~.^t Ktr> With 


does not rule out the, possibility 
that there could tow been Politbu- 
ro collectors whose 'collections 
may now Bad fear way on to the 
maria* . The^ opening up of Qnna 

(where an egg was found in the 
shan ghai. Fle a madtet to fee 1980s) 
may ^ yidd Fabtagt treasures 
from, those Bnsaans who fled East 
rather than West . . 

Thecxhibitiott at tto Hcarmitage 
Museum is SL-PetmbOR last year 
will help fo rehaMtaie Fabergfe to 

. .Utiniq Tin. aim nf tlu ISalwffl 


CARO-KANN DEFENSE 


wfchr Stack KUU Stack 
Oeorfirv Adame GMTfln Adams 


feat he could" not interpolate 24 
■ * /odd win his 


c5 

ta 

de 

Nd7 

SDK 


UkU Uta — — 

Nf6 because Adams woihv. 
queen by recapturing wtb 24.. JJJb. 
After 24 be Bc3 25 Bb2 1-5 Kbi 
fails against 25.~Rc4 26 Qf3 Rb4 
27 Kc2 Qa2 28 Kd3 Rd4 mate) 
Rc4, Georgiev could not retreat 


I rt 
: -si 
J NtS 
4 Ne4 
$ Bt4 
« NrS 
7 Qrl 
a aa 

9 pen 

10 dc 

II BOZ 

12CHM Nat 

T3 BtS Bd7 

i< bos oat 

IS PCfl Rod 


Nb6 

u 

a 

Bc9 

oo 


16 KM 

17 Bel 

18 0c4 

19 Xal 

2^ 
22 NeS 
22 N*< 

24 be 

25 8b2 


QcC 

PWS 

RMS 

tfi 

BeT 


26 on 
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V 

26 Kc2 

29 K<0 
R ReabBis 


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He* 

Bid 

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io accomplish to so short a time. major tne rru^^un^ . 

cmnnwr CTTMHifF.il 


bnUIvv DltlutTiiaR 

COLLECTION 

• Christopher Burke, creative di- 
rector for Burke & Partners, a J 
brand-identity agency to Paramus. 
New Jersey, is reading “Winesburg, 
Ohio " by Sherwood Anderson: 
-There’s no real story content, 
but I like fee minor images. Ander- 
son admits where be doesn’t have 
the capacity to explain something 
to you, and I like that. 
y (K Neil Cukier. 1HT) 

— — 

H 

ESCAIM 

Paris, toft bank ' ' 

- •’ . For.oitfcii 
FAX: (1)428424 TS 

[Maiie^srtme 
8, mede Sfcvres, 

•Hi-'-.V"-' *“• ' 


tuiuj UAr vru * u 

— » where the mas- 
wodted as a museum 


ju cuuLouuu uaua. • . 7- • 

In tbe West, “Fabergfe — ^In^jerial 
Jeweller” is 


m the crowds, 
Bua.jwpug oy the overwhelming 
writer of souwnre in. fee. V&A 
-shop, from postcards tinnodan re- 
aeationk ctf Fabergfe eggs selling for 
£6,000 (19,000), you can sefl any- 
thing feat approximates Fabergfe. 
Ait critics may scoff and sneer, tort 
an 'adoring ptiWc eosures thai Fa- 
bttgeism style rocffethan.a ceuany 

after its cifeatioh.' 


«12 


tmm 













• ^ 









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vA\£'. V 


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•hR?S 


wag Wm® r *®* 

* *#* ■<**#!? 

* MW YSrfx J5$£ia3ffi!£ 


International Herald Tribune, Tuesday , February 8, 1994 


Page 9 



THE THIS INDEX- 116 00 ® 

w °*l Stock Index O, composed of 
- . 


Japanese Shift Gears in U.S. Market 

To Stay in Race, They Stress New Models and Strategies 



World Index 

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pipn 


By Andrew Pollack 

New York Tuna Service 
TOKYO — Japanese auto executives do 
not have to be. reminded about Chiysler 
Corp.’s new Neon, the small car with the low 
price that has been dubbed a “Japanese -car 
Jailer.” - 

. It is but the latest threat to Japan's auto 
manufacturers, which these days find them- 
selves in the unaccustomed role of being on 
the retreat in a growing American market 
But the Neon has already been recalled 
twice because of defects, a portent perhaps 

EU car sales rise bat the picture is stS grim, 
especially' in Germany and Italy. Page XL 

that any notion of knocking mu the Japanese 
may be fanciful. 

“We haven’t been killed yet," said Nobu- 
hiko Kawamoto, the president of Honda Mo- 
tor Co., when asked about the Neon. 

Indeed, Japanese automaker s are talcing 
stqps to regam the share of the U.S. market 
they lost over the Last two years, or at least to 
stop slipping further. 

They are planning new models and trying 
to plug holes in then product fines in mini- 
vans and sport utility vehicles. They also are 
slashing costs at home and shifting produc- 
tion to the United States in an effort to hold 
down prices in the face of a rising yen. 

Doubt that the Japanese can come back is 
dispelled by looking at Nissan Motor Co. 
After losing ground m the American market 
for a decade, Nissan’s sales in the United 
States shot up 17 percent last year cm the 
baas of its hot-selling, made-in- America Al- 
bum sedan. Its marten share rose to 49 per- 
cent from 4.5 percent, making ft the only 
Japanese company Out gamed share. 
“Based on u>e Nissan experience, Detroit 


win very quickly be faced yet again with a 
significant challenge from Japan," said Ste- 
phen Usher of Klein wort Benson Securities 
in Tokyo. 

But other analysts were more pessimistic, 
saying the Japanese companies would have 
difficulty. Because of the high exchange value 
of the yen, analysts estimated a Japanese car 
was $1,500 to 53,000 more expensive than an 
equivalent American model 

Some Japanese executives disclaim much 
interest in market share and say they would 
be content to see their sales rise; even if not as 
fast as the overall market. 

Toyota says it is looking to sell the same 
number of vehicles in the United States this 
year as in 1993, meaning that its share would 
slip again — from a current 7.4 percent if the 
overall market grows robustly as expected. 

Japanese companies may not want to por- 
tray themsdtves as threats at a time auto trade 
negotiations are at a crucial juncture. 

But statements of such limited vistas also 
suggest that the Japanese, with their profits 
mkmg a shellacking from the slump at home 
and in Europe, cannot afford to cut prices in 
the United States to gain market share. Some 
think they might have to keep raising prices. 

While the yen’s rise was perhaps the main 
reason that Japan’s overall sure of the 
American car and light-truck markets slipped 
for two years — to 23.1 percent in 1993 from 
2S.7 percent in 1991 — there are two other 
reasons. 

One is the improvement in the quality, 
design and cost competitiveness of the cars 
nude by General Motors Corp., Ford Motor 
Co. and Chrysler. 

The other is that the Japanese companies 
missed out on the boom in pickup trucks, 
mini vans and sport-utiHty vehicles, which 

See CARS, Page 11 


U.S* Vehicle Sales 

Annual setting rates fey cam built in - 


U.K. Chancellor 
Rejects Pound’s 
Return to ERM 





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By Alan Friedman operation and Development, even 
iJtnuinonui HcraU Tribune though the U.S. administration has 

LONDON - Kenneth Ornke. 

Bntam s chancellor of the Exche- ^ The Ierm of ^ c J^ nt 0ECD 

quer on Monday called the tiraeta- ^ jean-Claude Pave, expires in 
ble for European monetary union <- ^ 

“unrealistic" and ruled out the re- ; — ' ... . , 

nun of the pound to the exchange- Mr. Clarke wid he wridnjw 
rate mechaiLi before 1997. veraaOt Washington unmsid- 
»jc j • u- • er, adding that the Paris-based re- 

Mr. Clarke, m his most expbat 0,5^^ -needs heavy- 

S1 ^!P!u e ? l ». °5-? e ^ JCCt 10 ^ weight political leadership if it is to 
said that he did not “foresee a situ- irsdf " 

^onwh^BntainwUlr^nterthe ^Sk^who warned of “the 
ERM m this Parliament. danger of economic growth with- 

iiiH ^l S b ^ c ? e , ral - , e ectl0n }j out hill employment,'' nonetheless 
B"“*> JcgisJature coufd r<de cted the idea of macroeconomic 
run tmul 1997. policies specifically designed to 

“I do not believe in revisiting the trigger job creation and stimulate 
scene of the disaster." Mr. Clarke DVT , ^ in 

said, referring to a return of the See CLARKE, Page 10 
pound to the system from which it ^ 
was withdrawn in September 1992. ““ — — — 

He rejected exchange-rate bands ~ __ 9 

as no longer relevant and called in- V^Ilf/AV I n llffi 
stead for economic convergence kAAHII/Y Lr|J4*W 
based upon inflation and budget- 

defidt targets among those Europe- J c fli/firm/Tfi 
an nations seeking a single currency, /to XjmmAMm mMMJMi/ 
While insisting that Britain in- 


Sculley Quits 


S O N D J F s O N D J F 
1»3 • 1984 1999 • 1994 

H World Indu . . - 

Tim Mtg tracks US. dot* vsktaa of sticks itc Tokyo, Nmt Vtxk, London, and 
krgmdkm, AuakotiBa, Austria, D aj uluin . BrazR, Cmada,.CM)w Oatiinstk, FMand. 
Ranee, Gannaciy, Hong Kong, Italy. Mexico, HMbarfaiiUa, New Zealand, Nanny, 
Singapore, Spaia -SwMan, Saterland and Vanaxuatm- Fce Tokyo, Mew Yotk and 
London, to Indax is ccmposod of Iha 20 top Issues to k*ms cf oauksl oapKa Sn tta n. 
otbenris* the tm fcpMocfci an Sacked. 


Industrial Sectors 


New German Strikes Loom as Talks Fail 


By Brandon Mitchener talks in Cologne was likdy 

ImenufJenol Herald Tribune in ® CffC work Stoppages. ] 

FRANKFURT — Warning sides expected more talks, 
strikes in Western Germany’s key “With such employers 


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strikes m Western Germany’s key “With such employers there is 
automotive, electronics and metal- nothing we can do," said Norbert 
working industries are expected to Wrobel, chief negotiator for IG 
expand Tuesday after the country’s MetaH in North Rhine-Westphaha 
biggest union and employers broke state, Germany’s industrial beart- 
oHtalks Monday without reaching land. 

a compromise. Asked if strikes were unavoid- 


Far mamfokxmabonsbaattftct !n&tx. a bcakfet te xvaM te tme of charge- 
Write to T*to index. 181 Avenue Charles da Gate, 32521 NeaRy Cedar. Franco. 


Both IG MetaU, the union, and able after the breakdown Monday, 
Gesamtmelall, the employers’ he said, “The signs are very bad." 
counterpart, said the failure to But GesamimetaU’s president. 


ouwnationaiHreBid Tribune make progress os key issues in (he Hans-Joadrim Gotischol, offered 


TWalrhigjyiaad /Commentqry 

Trade and Rights: Time for a Divorce 


By Reginald Dale • 

boenadomd Hertdd Tribute 

W ASHINGTON — Now that 
Rreadeoi KB Clinionbas fihal- 
W mustered the eomage to end 
toe VS trade embargo on Vjct- 
nam, he dtotdd not stop thexeL The next, and 
ultimately much more important, sup most 
be to regularize trade, relations with Quna. 

That means ending the anachronistic and 
potentially protectionist arrangement under 
which Chum’s access to the American market 
is linked to its record on human rights. • 
The pafcy r fike the Vrefamm anbargo; 
owes more to doanestic pofitical paw® 


bdp in tfawiuting North Korea’s nudear- 
; weapons program. 

'• It is uotjust American buaness and Ameri- 
can interests that are at stake. 

Inan age of global markets, it is dangerous 
far everyone if trade between two such enor- 
maos economies becomes subject to the 
whiriur of me political party. 

Mr. CHnlon seems to have failed to see the 
- rn«n pdnt of rim Uruguay Round, which be 
. trumpets as one of his principal achi eve- 


talks in Cologne was likdy to result to resume negotiations later this 
in mere work stoppages. But both week at a higher level, with the 
sides expected more talks. onion's top leadership. 

“With such employers there is The IG MetaU board; which 
nothing we can do," said Norberi meets Tuesday, was therefore un- 
Wrobcl, chief negotiator for IG hkdy to unilaterally declare the 
MetaU in North Rhine- Westphalia mlks a failure, 
state, Germany’s industrial heart- IG MetaU represents roughly 
land. half the 3.6 million workers in 

Asked if strikes were unavoid- Western Germany’s metalworking 
able after the breakdown Monday, industries, 
be said, “The signs are very bad." German industry has been hit by 
But GesamtmetaH’s president, strikes in the past 10 days. Politi- 
Hans-Joadrim Gottschol, offered Qans from across the spectrum 

have urged the union and employ- 
ere toavdd a strike just as German 
industry is beginning to recover 
from a costly recession. 

The employers’ federation, 

which represents most of the oom- 
k • _ parties in the automotive, dcctron- 

f JVfEj^ET#^ res and metalworking industries, is 

T ■*" demanding a cut in vacation bene- 

fits and overall pay as well as added 
■nation status, which gives its flexibility in the number of work- 
ante low tariffs as America's ers’ hours, 
trading partners. Senator Max The union is seeking a 6 percent 


pay raise but has said it was willing 
to compromise in exchange for job 
security. The union has rebuffed an 
attempt by employers to cut wages 
by 10 percent by dropping vacation 
bonuses. 

Many large West German com- 
panies have readied agreements 
with their workers, but the small 
and medium-sized companies that 


lends to play a role in ibe moneiaiy 
union stage of the Maastricht trea- 
ty, he added. “I am not at aU sure 
the ERM will, as presently consti- 
tuted, ever be back on course.” 

Mr. Clarke also said on Monday: 

• The quart er-pcim increase in 
short-term U.S. interest rates by 
the Federal Reserve Board on Fri- 
day would have no impact on Brit- 
ish interest rues, which economists 
expect to decline at least half a 
point this year. 

• Recession in France and Ger- 
many is "slowing down" the pro- 
gress of Britain’s economic recovery, 
and Europe needs to achieve greater 
flexibility in its labor markets in 
order to regain competitiveness. 

• European governments need 
to reduce state aid to industry and 
proceed with their privatization 
programs. 

• The loss of the last domestical- 


and medium-sized companies tnat • ■» uc wxs m me ■ jm uoiuouui- 
rnaicf up the bulk of Gesamtme- ly owned volume car maker in Brit- 
tall’s membership are bolding out ain as a result of last week s pur- 


for greater collective savings. 

■ Union Assails EU Ran 

7G MetaU said on Monday that 


chase of Rover Group by 
Bayerische Motoren Werke AG of 
Germany was irrelevant. 

“1 ani deligbied that ihe Ger- 


it was against European Union mans found a British company to 
proposals to weaken the rights of be so attractive," Mr. Clarke said. 


works councils in EU countries, 
Reuters reported from Frankfurt. 


• Western aid to Russia is essen- 
tial in order to support political 


is linked JO its Bri ■ »!»■» ^ It is dangerous for trade 

The policy, fike the Vietnam e mb ar g o . ’ & ’ . . 

owes most to domestic political pressures relations to be subject to 

than to any sober assess m e nt of Americas . n».» __i i « 

interests; h stakes n ocasense of Wadrira- political whims. 

ton’s avowed atin (^ admitting Qtina asafull - - • 

member cf the wedd trading system. ■ . , _ . , . 

ssyss 

miftm w ran. .a .■ - /i 


Beijing that Mr. Cfintoa would beoMged to 
suspend China’s most-favored-nation status 
when the lime comes to renew it m Ju ne 
p p^ f^hwut makes modi greater progress on 
respecting human rights. 

IromcaBy, the tougbeniqg of the adminis- 
tfaikm’s jporition cranes just » Congress 
seems more indmed to end the hnk betwreu 
the two issues, Imgdy because of its poten- 
tially ^ arret p n g hxpact on American busi- 
ness. It is also argaod, correctly, that m^ead 
of gestures on hum an nghtv.Mr. -CBnlML. 
ou^t to place priority on aarsting Omtas 


that aspiratiOT by Beipng. 


that v/hea Qmu joins the dub, it will be 
difficult if not impossible for anyone to sus- 
pend China’s most-favored-nation treatment 
cmthebaasctfitshnmmH^dsperfpnmnDe. 

AWrou^a the ingeiu% erf Wastesgtoa trade 
lawjras in finding loopholes stooM never be 
rmrurKtimated, there simply are no interna- 
tional nfles under which hoxnan-righis viola- 
. tkms can be used to justify. trade restrictions. 

In any case, you would have loTie crazy to 
think it is a good idea to suspend China’s 


mosr-favored-nation status, which gives its 
exports the same low tariffs as America's 
other major trading partnm. Senator Max 
Banco s. Democrat of Montana, called it the 
trade equivalent of a nuclear bomb, annihi- 
lating 96 percent of China's exports to the 
United Stales, worth about $40 billion, virtu- 
ally overnight. 

The fallout would not stop there. Where 
would all those exports go? The effect on 
Hong Kong, Taiwan and other bag investors 
in China would be devastating. 

The point about nuclear bombs is that if 
yoo use them, it means your policy has failed. 
China would immediately retaliate, locking 
the United States out oef the world’s biggest 
new market Expansion of the Asia-Pacific 
economic cooperation process, one of the 
major international initiatives of Mr. Clin- 
ton's first year, would be jeopardized. 

There are other ways Mr. Clinton can put 
pressure on China: lidding up World Bank 
loans, cancdmg high-level meetings and other 
forms of cooperation, and withholding tech- 
nology as in the recent ban on satellite sties; 

Since September, when Washington sud- 
denly realized it was heading for a confronta- 
tion with China. Mr. Clinton has moved U.S. 
policy in most areas bade to the modi more 
accommodating stance of his predecessor, 
George Bush. 

Now, presumably, he hopes that by mak- 
ing a lot of noise cm human rights, he wiD 
persuade Beijing to do enough to justify re- 
newing its most-favored status. It would be 
best for everyone if trade and human rights 
could thereafter be disconnected. 

The overriding priority must be to integrate 
China into the in ternational system. In the 
long run, that wQl be best for h uman r ig ht s too. 


Klaus Zwidtel, IG Metall’s pres- stability, but Britain warns the In- 
ident, criticized revised plans to tcrnational Monetary Fund to ma- 
ebange the concept of a “European date conditions before handing out 
works council” to a "mechanism more money, 
for information and consultation.'' • Nigel Lawson. Mr. Chute's 
with a cutback in companies’ obli- predecessor, remains "a contender" 
gation to inform the council of for the post of secretary-general of 


some plans. 


the Organization for Economic Co- 


Of Spectrum 

Compiled by Our Staff From Dispatches 
NEW YORK — John Sculley 
resigned Monday as chairman and 
chid executive of Spectrum Infor- 
mation Technologies Inc., the em- 
battled wireless data company he 
joined in October after nearly a 
decade as the top executive at Ap- 
ple Computer Inc. 

Observers had raised questions 
when he joined the little-known 
company, and uncertainties grew, 
including questions about execu- 
tives’ stock dealings, a government 
investigation and finally, on Mon- 
day, news that the company had 
been overstating its profits. 

Stock in the company, which de- 
veloped technology to send data 
through cellular telephones, tumb- 
led S3J13 per share in over-the- 
counter trading Monday, to $225. 

Mr. Sculley. 54, said that recent 
events made' it clear that he was 
misled about the company before 
he was hired. He said he had filed a 
suit in U.S. District Court in New 
York against Spectrum's president, 
Peter Casern connected “to the 
rircumstances under which I was 
induced to join Spectrum, to my 
obvious detrimenu" 

The company had no immediate 
commeiiL 

Spectrum's stock had been trad- 
ing above S7 two weeks ago but was 
weakened by rumors that Mr. Seal- 
ley would leave. Spectrum and Mr. 

See SCULLEY, Page 11 


CURRENCY & INTEREST RATES 


• . - ... Feb. 7 

* k DM. W Uni MI OF. kJF. Yes at Peseta. 

IBS UK on -UK- — un* Ufl rots* un uw; 

^2 SfB SUB <J0 2»J*mSB Him UU7 27 JH XX* 

* jr, " ltl . Tag ub law um «a»- ltw uia* lam uw* 

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Tt!*uron» n - »• To m "» ***? “ **** **9"*r,*Aj t*t 

o satiable. 

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CWTMer PW» cwwwr j^r* tune* 

“WWW - K* sum mbm ' DU tMr.nd un 

r2S STuit W® nawtaMM 1J4S7 KKw.wm W.M 

kustnoi taw KJ} -amitrai - ran' .-. t me a . t e ase ism, 

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siuar - Ptm*m . van. . : tm me ,.xur 

CWm**V«!" udo *extt ■■ MtlKMl .TAM • - TWfcWMW r THU. 

******* ™ zw '."ns am.. xoa. 

03MT - SoMrtnl XU* VaniMr. m« 


Enrocaarwnoy Deposit* 


•Its 

Swiss 

Franc 

siemna 

French 

Franc 

Yen 

R9b.7 

ECU 

4*4* 

SrirGh 

6Vt-6Vl 

2rir2Y. 


44W 

i 

jCLLJQh 

WYtWTD 

ZVtaZU. 

OriWa 


SIW6*. 

5%-6V% 




SVwSr. 

CU.PUL 
3T2 3H 

2 Hp 2H> 

SSh-5% 


Soorcex.Reulen, Lloyds Bonk. 

Betas o opl l ca tile to i nterban k d epo si ts e< SI moaaDrntnknum tu-eeUWntj. 


Kty Motwy Rates - 

oaitattsmas dose 

Dhamtrate . 3 JO 

Pitmen* 6M 

PederellMtti ' 3 V* 

*noiitkCas 2S0 

Comm, poms Me on* 150 

1 «B OU iTra»Brr>iBI 121 

vywr Tnmwnr ut 157 

tnarTnomnrigta AM 

t-veor Treasury note 5JS 

7-T*orTmiwn'Qote SM 

UwTnMmgh SS3 

JbretornmdenbtaC 43? 

AtarriJILVttCMMw RMdVttHel 273 


«f|M» 

■oak base rate 
Cattnewr 
t-moBlti Internal* 
*mm» Merton* 
C«Mofb Mertook 
W-norCUt 
Frimat 

intiNMHM 
sssrWt ruwMi Mjn9 

. CoS manor 
t-mooikMartHk 
3-moalfc Moitaok 
tHMattlnMniwK 
Wfm-MT 


SVt Sri 
SVk 5h 

5 k S% 
5h Sto 
Sr. Sri 
6S2 kM 

6J0 4JQ 

6 ft. iri 
Ok Ok 

6 V. 6U 
tri &60 
U 2 SM 


riuiuiidHitit 

^ a-cHv tedar' ^urrmsf :*Mnr MwMir 

frrz^-- uoS: Tw w ■-[ admem -ddbu : - .mm- .wv 

riSSStS • mot- 1307 ■ w*7 •. tme a m tk a ■■ ■ wua 

WO- vm w* K-. ..-Cv .?.r 

1U , tjuahtordam).- MMI beak tenaettoii Mateo Cofnmf ck dt IkMtos 

Vteutot, 

-r* - 


■ Sources; Reuters, Bteembent. Merrill 
Lynctr, Bonk o! Tokyo. Commonbaak. 
. Grwe nw e ll Mameau, Crtot Lvannots. 

Hold 

am. pm arw 
Zurich tux V0M -MS 

London 38195 38150 —MO 

Haw York 38130 38070 —TM 

UJ. donors ner ounce. London ofBcial fix- 
lau; Zurich and Hew Yon tsmOoeaddee- 
fag pries,; New York Comer t April J 
Soaree: Reuters. 


REPUBLIC MASE BANK LIMITED 

(A wholly owned subsidiary of Republic National Bank of New York) 

International Bullion Bankers 
to the professional market 

Twenty-four hour market making in precious metals worldwide 
Spot, forward, swaps, options and derivative services 
dealing and depository facilities for financial institutions 
Customized financing and hedging for producers and industrial users 
GZobal Precious Metals Centers 


Republic Mase Bank Limited 
London 


Telephone «J7])h21 7R01 

Telex: 8844^1 

Republic Mase Hong Kong Limited 
Hong Kong 

Telephone: 18523 S45 4233 Telefax: (S52> 845 3227 
Telex: b5856 Reuters Dealing: MASK 


TeleJa-c <071 1 285 
Reuters Dealing: MA5L 

Republic Mase Australia Limited 
Sydney 


Telephone: CCOJM4 
Teluv. AA 173%5 


Telefevr <7)2.15 (»50 
Reuters Dealing: MA5.4 


Republic National Bank of New York 
Republic Mase Precious Metals Department 
New York 


Tduphone (Trading): <212)221 35eO 
(Bullion Banking); (212) 525 MSI 


Telefax: 0121 525 tNO 
Reuters Dealing; RNBA, MASN 


Telex: 23fe9Z7, b«j«73. 177M1 

Regional Precious Metals Offices 
GENEVA ■ MONTREAL • MONTEVIDEO • SINGAPORE • PERTH ■ DENVER 


Affiliated / Representative Offices: 

NEW VORK * GENEVA - TOKYO - LONDON • ZURICH • LUGANO ■ LUXEMBOURG ■ HARIS * MONTE CARLO 
GIBRALTAR • MILAN • GUERNSEY ■ BEIRUT • DENVER * MIAMI • LOS ANGELES * BEVERL) HILLS • NASSAU 
CAYMAN ISLANDS ■ MONTREAL ■ TORONTO • SINGAPORE * HONG KONG - TAIPEI . JAKARTA • BERING * SYDNEY • PERTH 
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Rcprftiir Man- Bank LuninJ rtacvmter ,4 SFA 





ip 5 — r ^: 


*~ m *•• 


Page 10 

MARKET DIARY 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, FEBRUARY 8, 1994 


Dollar Falls Slightly 
After Friday’s Gain 


Va Amoowd Piwi 


Dew Jones Averages 


EUROPEAN FUTURES 


Low Lost On. 


Daily dosings of. the . ; 
DOw Jones industrial average 


Indus 3853J7 3110.26 385934 3906J2 -34« 
Tram IBI7+9 IB33J9 1815.94 182985 -1SJ 
UIU 218+3 moa 21784 219.25 -HIM 
Como 1603.57 142X61 1+06.69 W1983 -707 


Kfoft urn Pm.OM 


Industrials 


Standard & Poor’s Indexes 


COCOA (LCE) 

StertBW per owtrtc tan-tati of te tans 


Compiled by Ov Staff From Pupatdta 

NEW YORK — The dollar was 
slighliy lower in thin trading Mon- 
day afternoon, giving back some of 
the big gain it made Friday after 
the Federal Reserve Board moved 
. to raise short-term interest rates. 

As trading ended, the dollar was 
quoted at 1.7587 Deutsche marks, 
off from its two-and-a-half-year 


1 10 yen were “totally unconnected 
with any Treasury view or position 
we are working on." Mr. Bergsten 


3808 . 


has previously been seen as an unof- 
ficial spokesman about economic 
matters for President Bill Clinton. 

Although the trader said the 
market was skeptical of the Trea- 
sury’s denial that it “was or is try- 
ing' to manipulate the doliar/yen 
rate,” he said there seemed to be “a 
growing trend'* of distancing itself 
from Mr. Bergsten's remarks. 

Against other currencies, the 
dollar was down to 1.4685 Swiss 
francs from 1.4725 francs but rose 
to 5.9620 French francs from 


Foreign Exchange 


high of 1.7610 DM on Friday, and 
at 108.60 ven, compared with 
109-25 yen before the weekend. 

Amy Smith, senior foreign-ex- 
change analyst for the IDEA con- 
sultancy in New York, said the dol- 
lar was “taking a rest from its sharp 
rise" but that the trend for tire 
currency was still upward. She said 
she expected it to “test and breach" 
1.77 DM early this week. 


industrial? 
Tran sc. 
Utilities 
Finance 
SPfflfl 
SP too 


High LM ClHt Clfve 

SS0l72 5AM 55023 +147 
409 439.42 A412S + 1.19 

16633 16511 16049 +038 
4456 44.18 4431 + 036 
47 ZJH 447.57 WJ6 +1J5 
438-70 43X74 43? -SI + 1.94 



858 

IF0 

IKS 

•74 

STS 


87? 

900 

MS 

8B4 

m 


884 

912 

876 

8TT 

on 


902 

«7 

097 

912 

913 

919 

*21 

944 

916 

NA 

NA 









N.T. 




949 

«1 

NT. 

NT. 

•VP 


959 

963 

NT, 

N.T. 

— 

— 

945 

980 

N.T. 

N.T. 

— 

— 


Hfcb Low Last Settle Ch*t 
GASOIL (I PE) 

U-S. delion fw metric tnHeti el IX tens 
Feb U5JB U175 ULB8 143J5 -100 

Mar 1 4A oi 145,25 MS25 wk —ITS 

AM 1S73 U4JS 144.73 lS« -MO 


U.S-/AT THE Cl^Ssi 

Time Warner Turns Quarterly Profit 

nurvinintnau and mthbchmg giant said the quarteny_ 


14455 14150 14175 14175 —175 
14430 14150 143J5 1+4-09 — U5 


14*30 744-75 1452S 145M —1-23 


_ . 14U0 14100 14100 147 JO — US 

w 14X50 M8J0 14830 14930 -fig 

w N.T. N.T. tt-T. 15200 —200 

lev N.T. N.T. ILT. 15500 — 130 

l«c 15700 157-00 15700 15700 — ISO 

^" T N.T. N.T. 156JS — 200 
Est volume: 13+63 . Odm im. 121801 



NYSE Indexes 


Composite 

Industrials 

Tramp. 

UTMty 

Flntmce 


2*2.14 259.94 24101 -080 

32204 219.11 331+1 *1-31 

279.23 27659 779.07 - 105 
221.18 22)13 22352 -169 
217433 21549 71685 —008 


NASDAQ Indexes 


Est. volume: 7+76 
COFFEE (LCE) 

Milan per metric lea-lets of 5 tea* 

Mar U10 1511 1.215 1.T94 1.198 1,199 

mot tan 1513 uis 1,198 law iag 

Jnl 13D9 1J10 U12 1.185 1,198 13*9 

scp uea uio uio i.i9o i,m 1300 

NOV UIO 1013 7J10 1005 1.191 1.198 

Jofl 1002 IJ07 1005 1003 1.180 1300 

Mar 1052 1007 N.T. N.T. 1,195 UDO 

Esi. volume: 6312 

HM Low Close cave 
WHITE SUGAR (MOW) 

Dollars per metric ten-fats of 58 Mas 


ai£S7im!bonmflKf^J^ results 

The entertainment and ptibfahmg giant said *), rf ,&-) Tljne 
compared with a gain of SM mfllion a year ago. For aU « i b* 
mOlioLThe 1993 loss included a 570 
change in income-lax law and a 157 million loss on ‘kb comuanv 


l{ (Mf 
,:,r U «f 

for M 


Loddbeed Nondefense Work Grows 


BRENT CRUDE OIL (IPO. _ 

U3. dollars perfamref-iots of 106 barrels 


5.9610. The pound rose to SI. 4832 
from $1.4825. 


AS O N D J F 
■ilflflB-;.: • . Ifi 94 

IHT 


from $1.4825. 

The Swiss franc gained against 
both the dollar and the mark after 
Hans Meyer, a vice president at 
Swiss National Bank, said there 
was “not much" room for further 
cuts in Swiss interest rates. 


Composite 

Industrials 

Finance 

insurance 

Telecomm 

Bonn 

Tramp. 


Hied low Close ar*e 

— — 77930 +1.92 

— — 81359 + 228 

— — 891.75 +244 

— — 920+8 — 156 

— - 177.28— BLOT 

— - 69150—QZI 

— - 78550 +258 


Mar 30610 3054# 30X1X1 S600 . 

MOT 3Q5J0 30X60 3034# 2CX 97 

AM 30550 i»5C«] 3024# 70X50 - 

Od N-T. N.T. 29150 27250 

Dec N.T. N.T. 2884# 2914# - 

MOT N.T. N.T. 28850 29)50- 


Mor 

1641 

1604 

1611 

1610 — ftfl 

Aor 

1630 

14+3 

1689 

1608 -XW 

Mot 

1634 

K.T0 

1615 

1613 —XI* 

J« 

14+7 

1627 

1627 

1627 —809 

JU 

1658 

1638 

1438 

1638 — 031 

Aoe 

1673 

16+0 

14+0 

14+0 —0.5 

see 

N.T. 

N.T. 

N.T. 

1675 — XI0 

oa 

N.T. 

N.T. 

N.T. 

T69J -ooe 

Nov 

N.T. 

N.T. 

N.T. 

1507 — 883 


Esj. volume: 4CM! . Open Im. UMH 


Est. volume: 480. Onen In!.: 13+43. 


Stock Indexes 

FT5E Ml (LIFFfl) 

OS par Max paint 


NYSE Most Actives 


Metals 


AMEX Stock Index 


A dealer at First Boston Corp.. 
said the doflar had started to bounce 
back against the yen after Lawrence 
Summers, the U.S. undersecretary 
of the Treasury for international af- 
fairs. said statements by the econo- 
mist C. Fred Bergsten calling for the 
dollar to trade in a range of 90 yen to 


Gold prices, which taxi to rise 
with inflationary expectations, fed 


as the Fed’s interest-rate move was 
viewed as a pre-emptive strike 
against inflation. On the Commod- 
ity Exchange gold for April delivery 
settled at $380.70 an ounce, down 
$7.60. (AFX. Bloomberg) 


Glow 

PnWW 

WalMrls 

PanK 

ForaM 


VoL KMl 

54 Av 

74 Vh 
63 ft 
41ft 
61ft 
55ft 
30ft 
7ft 
20 
uv, 
19ft 
60 

37ft 
38ft 
68 ft 


Kfefa Law Last a»a- 


Ctosc 

Bid *»* 
aluminum (HI9II Grade) 
Dollars per atatrfc tea 


Mar 34245 33745 3(135 —625 

4un 342X0 33975 3435 —425 

Sea N.T. N.T. 3NB5 —625 

Est. volume: 37,314 Open tnU 73+14. 
Jbmn: Reuters Mattt Aasodotai press, 
LenOan inti FUmnekd Futures Ercnantra. 
tnn PefroMam Exatanae. 


CALABASAS, Calilonda (Reuters) — Lockheed Corp. said Monday 
its non-defense businesss grew to 36jperceat of its total sales in Jw- “P 
three points from 1992’s 3TperoenL Sales to foreign amtries for theywr 
ended December 26, 1993, rose to 13 peacent of revenue from 8 percent a 
year earlier, it said. 

Overall, for the fourth, quarter, the defence industry giant earned 5IJ3 
million, or $2.13 duue, on saka of S3.7 biffiom up from net mewne of 
S119nnllioaayeflr eariia; or$1.95 share; on 52.9 bfllicxi m sales. For the 
year, income rose 21' percent, to $422 million, as sales gained 29 percent, 
to $13.1 bDHan. 

“1993 was an outstanding year for Lockheed," said Daniel Tdlep, the 
chairman. "We tod a soda increase in earnings, generated substantial 
cash flow and significantly reduced outstandiiig debL” He added, “Our 
strong mdi flow mi? rapidly improving debt position give us the 
flexibility to explore other means to enhance shar eholder value, including 
strategically and, financially . attractive acquisitions." 


47859 <74+3 476+4 —1+S 


Spot 12S05Q 128750 

F o rward 1J004» 13014M 


Dow iJones Bond AveragM 


20 Bands 
loutmiks 
10 InOust rials 


10450 —024 

nmr? — an; 

10651 —057 


Market Sales 


AMEX Most Actives 


MARKET: Blue Chips Rebound 


Continued from Page 1 

cent — below interest rates on 
money-market accounts and certif- 
icates of deposit. 

“Historically, this differential is 
reversed by a decline in slock 
prices, so wnal happens to psychol- 
ogy in the next few months is cru- 
cial,'' he said, comparing the pre- 
sent situation to 1962, also a 


will be able to take their cash back 
into a rising market because they 
do not have to pay tax on the mon- 
ey until April 1995. “This is a short- 
term decline for digestion and con- 
solidation,” he said. 

But Robert Wafberg, of MMS 
International, who several months 
ago predicted the dive last week 
almost to the day. disagreed and 


EcftoSoy 
GoyHC wl 
Atari 
RovolOp 
I vox Co 
SPDR 


Melon 
TopStcb 
C hevSIti 
McfOta 
Han wiB 


vol Man 
8986 13ft 
7172 4ft 
7047 4ft 
6848 4ft 
5193 34ft 
5164 47Yu 
4827 7ft 
J72S 21ft 
3493 6ft 
3246 37ft 
3232 4ft 
3175 ft 
2991 34ft 
2957 6ft 
2499 24ft 


Law Lott 
12ft 12ft 

4ft 4ft 
5ft 6 
Oft *14 
32ft 14ft 
4 «W r 47i/i, 
7 7ft 
19 21 

5ft 6 ft 
3551 37V, 

3ft 4 
V.. ft 
34 34ft 
6ft 6ft 
23ft 24 


NYSE 4 cun. volume 
NYSE prev. cons, dose 
Amo 4 P-m. volume 
Amex orev. cans, close 
NASDAQ 4 pjn. volume 
NASDAQ orsv. 4 pjti. volume 


346.780.B00 

459524J50 

19548505 

ouvnniD 

(UL 

376535500 


COPPER CATMOOflS CMloh 
Donors per metric loti 
Spot 187150 187250 

Forward 189450 189850 

Dollars per MMc too 
SPOT 50650 50750 

Forward 519.08 520.00 

NICKEL 

Deua-s per metric ten 
Spot 561050 582050 

Forward 587550 588550 

Dollars per metric tee 
Scot 537050 538050 

Forward 542S50 5435-DO 

po uo rs per iimui vc iqb 
S oot 100300 T 004.00 

Forward 10058 102450 


Grade) 


Spot ComnocBftUm 


Alitalia and Continental Talking 


186750 186850 
188850 188950 


51050 51150 
52350 53450 


*0050 591050 
596550 597050 


Commodity Today 

Aluminum, ft 0581 

Coftea, 0rnt,Rj DMS 

Cooper electro lyric, B J5TL8 
Iron FOB, ton 21 M0 

Zinc, [fa 0+815 


540050 341950 
IfflOO yjainn 




ROME (Btoqmbexg) — Alitalia Aidines and Continental Airlines are 
discussing a possible alliance, an AfitaEa spokesman add Monday. 

But the spokesman would not confirm Italian newspaper reports that 
the airlines have agreed on sharing trans-Atlantic routes and integrating 
their sales and reservations systems. 

Such an agreement would provide Alitalia passengers with easy Iniks to 
U.S. cities beyond the main cities where it already flies and would give 
Continental access to dues in Europe, the Middle East and Africa served 
byAfitaha. 


Ml 350 101450 
103350 103450 


N.Y.S.E. Odd-Lot Trading 


Financial 


Buy Soles Sfiorr* 
FeC. 4 1537580 1.926579 53+32 

Fee. 3 933.146 1+67533 41.509 

Feb. 2 1524900 1+65.724 34+44 

Fefa. I 932.105 1+92501 38574 

Jon. 31 1578+16 1+89+57 48+53 

• incMtatt In tnesolea figures. 


NYSE Diary 


SAP 100 Index Options 


N.Y. Stocks 


predicted a decline erf 1 20 percent to 
25 percent in stock prices during 


Mlab l+w Close CMnoe 
3-MOMTH STERLING (LIFFE) 
csoo+ao . on of loo nd 

Mar 9461 9456 9459 -052 

Jon 9472 94+6 9471 —055 

Sop *472 9466 9471 —007 

Dec 94+8 94+1 9464 — O10 

Mar 9455 94+7 WJS1 -0.12 

Joa 94.40 94J1 904 —0.15 

Sep 9423 94.17 94.H -118 

Dec 94. HJ 9452 904 —419 

Mar 9190 9193 —0.19 

Joa 9X83 9177 9351 —0.18 

Ect. volume: I02.19S. Open ML: 435.171 
3-MONTH EURODOLLARS (LIFFE) 

81 ni II Hon - ptS Of TOO PCt 

Mar 96+2 96+9 9499 -415 


period of low dividends, steady 
economic growth, and low inflation 
— and a 27 percent decline on Wall 
Street from Feb. 1 6 to June 22 “for 
no apparent reason." 

“People just stopped buying.” 


Technical analysts disagreed, 
ad so did some of Wall Street's 


and so did some of Wall Street's 
biggest securities houses. Gold- 
man, Sachs & Co. recommended 
that investors look for bargains, 
increasing stock portfolios from 65 
lo 70 percent for pension funds and 
70 to 80 percent for aggressive in- 
vestors. 


Laszle Bimni, a consultant in 
Greenwich, Connecticut, and for- 


mer market analyst for Salomon 
Brothers Inc, shrugged off Friday 


as a blip — the latest of about eight 
since 1986. Half of them, be point- 


ed out, occurred on a Friday be- 
cause some portfolio managers 
dump stocks in market upheavals 
and then go off to enjoy the week- 
end. 

In his analysis, marginal inves- 
tors took profits Friday and now 


25 percent in stock prices during 
the next six months or so, with (be 
Dow f alling back to the level of 
3,000 to 3,200, where it was in mid- 
1992. 

m IBM and GM Active 

Investors returned to manufac- 
turing stocks after Friday’s plunge, 
betting that a stronger economy 
would be bullish in the long term 
for those issues, Bloomberg Busi- 
ness News reported. 

IBM topped the New York Stock 
Exchange's most-active list, rising 
to 54V4 after being named one of 
the most popular stocks among in- 
stitutional money managers. 

Alcoa and General Motors also 
were active, with Alcoa gaining 1% 
to 78 on buy recommendations from 
Lehman Brothers strategist Elaine 
GaizareUi. 

The Nasdaq over-the-counter in- 
dex climbed 1.91 points to 779.20, 
led by Apple Computer, which 
jumped 3 to 36 Vi after a trade mag- 
azine reported the company’s new 
line of Macintosh personal com- 


ToMIUUK 
NewHioM. 
New Lows 


Amex Diary 


Advanced 
Declined 
Uncnanoed 
Total Noun 
NewHtohs 
New LOWS 


39 

_ 

_ 

5ft. 

36 

_ 



-m 

m 

__ 




B5 

— 



— 

an 

__ 

_ 


495 

_ 



pi 

418 

— 

_ 

33* 

4)5 

— 

_ 

mm 

429 




23ft 

US 

Ufa 

r.fa 


as 

r-. 

Ufa 

IT: 

as 

o 

Ft 

9 

4C 

25 

m 

6 fa 

445 

fa 

jfa 

» 

49 

fa 

>fa 

3 

40 

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ft 

: 

ua 

fa 

fa 

ifa 

465 

fa 

fa 

fa 


fa 1 I fa - 
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H 1 ft lfa — 
ft 3 Jft 
1 % 7ft 2 ft - 
lfa !>■ 5 7V. 


Mar 

96+3 

960 

Joe 

Sea 

MOB 

9576 

96+0 

7574 

Dec 

9S+S 

75+4 

Mar 

95.16 

95.16 

JOT 

9699 

9693 

Sea 

N.T. 

N.T. 

Est. volume: 919. Open Ini 


Company For aim Pay 

CORRECTION 

Ain Bancorp OH * 3-1 ? 3-16 

x-carracnao oame of oomwavr doctarhr 
far 1 stack a>Hf Feb. 2. 

INCREASED 

Ft! Northern Swot O .13 MS 

INITIAL 

Flair Cora _ 5} M5 

Ross Stores - 55 3-11 

IRREGULAR 

Pradntl IntrmGIfal - 5U 2-10 

Untmar Co _ JB 2-14 

Attaal Ic RIcfifleld * 1575 2-14 

x-ravtsod record date. 

REGULAR 

B .15 4-1 

Q .14 2-15 

O 53 2-21 

Q .15 M 


Morgan Stanley sets up Africa Fund 

JOHANNESBURG (Reuters) — Morgan Stanley & Co. has estab- 
lished a $228 miTfa m fnnd to invest primarily in African securities, with 
South Africa the chief focus, its local banking adviser said Monday. 

The Morgan Stanley Afrfca Investment Fund wiB be the first U.S.- 
registered dosed-end nmfaaZTusd fisted an the flew Yo dr Stock Ex- 
change that invests primarily in African securities. 


Motorola Wins Kuwaiti Contract 


—052 


- MUWTH EUROMARK5 II 
7V. DM! ml moo -ptaoMMpd 


5ft - rev, n M - 

1 Fl 15ft 15 77ft 14 

7 - m, 71 UA — 

lfa 2 ft - M* 1 * Ufa 

ft _ _ — » — 


n<d.Mii>: Mol open mt asms 
I vO< 252+19: IMOl Horn HA 5H.M 


Mar 9433 *426 94J0 —852 

Jim 9478 94+8 9476 UlKft. 

SOP 9559 94J-9 9555 -002 

Dec 9522 95.14 9551 -OJM 

Mcr 9533 9525 9533 —056 

9534 9525 9533 -M» 

See 9531 9527 9559 —059 

Dec 9516 9559 9515 —MO 

Men- 9553 9478 9502 -0.12 

Jim 9L93 9458 9491 —012 

Esi. volume: 208+13. Open tat.: 933+15 



8 .1625 2-15 
56 2-14 
a TO 2-9 

Q 32 2-22 

Q 57 3-8 


ARLENGTON HEIGHTS, DL (Reutosj —Motorola Inc. said Mon- 
d as it.wmi a $32 millio n contract to set iqj the fust nationwide digital 
cellular telephone system in Kuwait • - - 

The contract is Motorola’s third m die Middle East, following Qatar 
and the United Arab Emirates. Tbc system will accommodate 50,000 
jai byrihm, beginning with 30,000 by the third. qnartei. Motorola, said. 


Q 54 2-11 
Q .1623 2-15 


Q +5 44 

8 57 2-23 

59 2-15 
Q 75 2-21 

Q 52 6-1 


T2 Added to 3- Way Medical Merger 


"0 BESULtS 


Mmol; » WWEo 1 b < 


NASDAQ Diary 


Advanced 
Declined 
Undtaraod 
Total issues 


Pna DecM Cecil MN DccM INCH DsN 

35 - - - fa - - 

ST'-. - - - ft - — 

4 — - — lfa lfa — 

42ft 31. - - 1 ft - - 

45 l ft - - Jfa XJ - 

47ft ft - - - - - 


LONG GILT (LIFFE) 
tS8+M-pK&32ndSOf lOOPCt 
Mar 116-70 11640 116-16 -3-25 

Jon 115-29 115-24 11530 —0-25 

ES. volume: 124885 Open taL: 11A7C7. 
GERMAN GOVERNMENT BUND (LIFFE) 
DM 23M08 - PtS of IK pd 
MOT 99.15 9882 9984 — 8+6 

JOT 9957 9580 98.95 — 0+9 

Ett. volume: 236,962. Open I fit: 194+78. 


Cota: MW vaLUl: NWaoM uri.2ai6l 
Pvti: wm: vov UI9; fatal aoen Im. >50992 


Certain offertop of securities, Hasncisi 
Krrices or kwo ta xesl estate pobBriietf in 
this ecwvpsfer vc not nteeracd la cotsla 
a, wfaidl Ae N—fcoBl HaoU 
Tribone Is disaiboted. iaclacGag the Untad 
Slues of America, aori do sm couttmea 
oftriip of tacurito. serricei or bam In 
ibw jerisdlcmML Tbc Uiennaoml Honid 
Tribune assomes no responsibility *Btwu 
for aay adverfimaeso fac offaint o( mry Uoi 


ATLANTA (Bloomberg) — . T2 Medical Inc. .and three rivals an- 
nounced a $550 imTlinn merger that wcsild create die. nation’s second- 
largest home infusion therapy company. 

.rawOl joiD a nrevioody plariMd merger of Curaflex Health Services 
Inc. of Ontario, CaliL, Heahhlnfuskm Inc. r^ KGami, and Medisys Inc. of 
Edina, Minn., to form Coram Healthcare Corp. 

The new company, which wffl provide nutrition and drugs intravenous- 
ly to patients in thar homes, is expected to have annual revenue of about 
$500 mffioiLTto transaction, scheduled fw completion by June, will give 
TZ sharefaokkrs ownoship of about two-fluids of the new company. 


; - T 

» r.‘ 


• -J. 


“ -r.t 


WHkend Box Offlc* 


CLARKE: Chancellor Rules Out Return of Pound to ERM Before 1997 


outers bufll with a new chip would 
be priced below competing models. 


Contmoed from Page 9 
demand. He added, however, that 
he did not see the manufacturing 
industry “ever coming back” as the 
mass employer it once was. 

He would not say whether he 
thought France, which has the 


highest real interest rates in Eu- 
rope. should move to ease mone- 
tary policy. Paris, he said, had de- 
rided to keep to its franc fan policy 
“and that’s their decision.” 


Mr. Clarke is to begin a two-day 
visit to Paris on Tuesday, during 


which be is to meet with Prime Min- 
ister Edouard Balladur and Finance 
Minister Edmond Alptondeiy. . . 

He praised the Bundesbank, 
which has maintained a much-criti- 
cized hard line on reducing interest 
rates too rapidly. 


Mr. Clarke, who has been sug- 
gested in London as a possible suc- 
cessor to Prime Munster John Mb- 
jor, said he remained “agnostic” 
about whether the Bank of Engl a nd 
should be given greater indepen- 
dence from the Treasury. 


.• The Ajaodated Pros 

LOS ANGELES —“Ace Ventura, Pet Detective" topped the weekend 
box office, gaming an estimated $12 million Following are the Top JO 
moneymakers based an Friday ticket sales and estimated sales for 
Saturday and Sunday. . . 

1. "Aeo Wcntom Ref Detecnvo" . « Warner Brmrnnl 512 million 

2. "Mr*. Doufalflre* - ■' . - ATltmnHatti C*atury*eoxJ . *68 mflBon 

- S.’PhOoitalpMo’ ■ -- . . ITrtStar) . ’ *5.7 mfUtan 

• ■ 4*My Fattier, ttw Haro' .’ J crou**o*wrtetara«7 ’• SSmEltan 

’ 5. "Schlndtert U*r tUntvenaO SSmlWon 

•* 4’IT1 Do Anylttna* - > iCWomftta Ptetunu) - *48 ml Won 

7. “Gruro*5V Ota Men" (tanurflfOifwiJ, • . . «J million 

• 4*Bllr*" • ' (New Une Qiminal SUmllDon 

. 9.*lnterMdtao' tPqramomt) 5Z3minion 

Ml Tt» PoJIobi Brfof - - l Warner Brothers) ... Omfflta 


iwamar Bmttmrs) 

:f TPmnftatti Caatunr-eaK) 
ITrtStar I . 

J ( ToucbMtonmPictureO 
tUntvenan ' 
tCWumfito Pictures) '■ 
{Warner Brothers) , ■ 
(NewLbreCtmmal 
(Paramount) 

• I Warner Brothers) 


tir*. $ dt\ 

H . %./ 


x-V 


WORLD STOCK MARKETS 


U.S. FUTURES 


‘■ is ;i 


A genes FronbnM Fob. 7 


Ya Anoaoted Prcu 


SeaBjn Snun 
Low 


Opan Hfah Low Oom Ota Doinr 


Amsterdam 


HeisinM 


ABN Amro HM 

ACF Notates 

Anon 

AhoU 

Akzo 

AMP/ 

Bofa-Wessonen 
CSM 
DSM 
Elscvior 
Fokltflr 
GfaT-Brocodes 
HBG 
.Heine ken 
Hoooovens 
Hunter Douotas 
IHC Colond 
Inter MueJIer 
Inn Nederland 
KLM 
K.NP BT 
NedMoyd 
OCB Grlnlen 
Pokhoed 
Phlllos 
Pal vo rani 
Robcrx) 
Rodomco 
Rollnco 
Roretite 
Roval Dutch 
Stork 
Unilever 
Van Ommeren 
VNU 

Walters/ K lower 


Amer-YhtYma 129 133 

ElttfrOlltaeU 43 44 

HuMamakl 200 227 

K.aP. 16+0 17 JO 

Kymmov 13) 122 

Metro 240 247 

N«*la 321 341 

Potiioia 100 Ml 

Rttota 113 TI6 

Stockmann 310 310 


RnwiSS^iW ® 35 

Hong Kong 


Brussels 


ACOC-UM 
AG Fin 
Arbed 
Bar co 

Bekoeri 

Codterlll 

Catmna 

oetnaiR 
. Etectraoel 
GIB 
GBL 
&svaen 
Kreaieioank 
Petroflna 
Powerim 
Raval Befoe 
SocGen Ban 
Sec Gen Beta 
Sottea 


I 2800 2795 

J9SO 3030 
<220 4290 
2370 2400 ' 
22725 22900 
I 178 181 

5800 5800 
1 U57 I486 

ie« 6380 6370 

1510 1500 
4270 4280 
9790 9800 
XWlk 7720 7700 

a 10700 1087S 

I 3390 3400 

Noe 5950 5850 

Bonaue 0800 0820 

BdOKwe 2865 2855 

15250 15350 


13220 1190 
47225 50 

47-25 49 

13+0 T+2BJ 
17.90 19.10 
76 7950 
5050 55 

47 SO 

71270 72-40 
3050 32 

2850 3050 
25+0 2630 
124 130 

14 14+0 
1520 16J0 
1130 1190 
37 42 

29 3150 
7650 82 

35 3675 
1750 17 JO 
12 12+0 
2630 25-20 
35 39 

65 68 

5.10 5+0 
4250 66 

rps 13+0 1450 
3+5 3+5 
14J75 3750 
14JW 14 JO 
1130 14.10 

marl 


Klnofisner 
Lodbreke 
La mi Sec 
Loporte 
Lasmo 

Legal Gen Grp 
Lloyd* Bunk 
Marks Sp 
ME PC 
Natl Power 
NafWeot 
NlhWst Water 
Peorsan 
P&O 
Wild no tan 
Power Gen 
Prudentlul 
Rank Oro 
Reckltt Cal 
Red land 
Reed Inti 
Reuters 
RMC Group 
Rolls Rovce 
Rattann I unit! 
Royal Seal 
RTZ 

Sotnsfaurv 
Scatsencea 
Scat Power 
Sears KOWs 
Severn Trent 

|^J, 

smitti N ep hew 
Smith KiteeB 
Smith IWH) 

Sun Alliance 
Tote & Lvie 
Tesen 
Thorn EMI 
Tomkins 
TS a Group 
Unilever 
uta Bfacutts 
Vodafone 
War Loon 31b 
Welleome 
Wfaltbreod 
willia ms M dai 
Willis Corraan 
F.T.30 todWC l 2 



Accor 751 

Air Ltcnikle 850 

Alcatel Afsteom 755 
Axa 1528 

Boncalre <CI«) 651 

BlC 1325 

BNP 774J0 

Bouyvues 714 

B5N-GD 941 

Car ret our 4233 

CCF. 284.40 

Cerus 144+0 

awraeura 1474 

Cl men is Franc 374 
Club Med 375 

EM-Aoullolrte 420 
EK-Sanofl 1056 

Ewro Disney 33+0 
Gen. Ecktx 2781 

Havas 45+20 

I metal 617 

Lafarge C o mi e t 47150 


Sydney 



Lytn. Eaux 580 

Orwl IL'I 1349 

L.V+AH. 3910 

Motro^tochette Sum 
Micnelln B 258 

Moulinex 122.90 

Purlbas 548 

PetJilney Inti 22620 
Pernod- Rlcord 417.10 
Peugeot . 850 

Prkrlemos (Au) 1002 
Radlolechnteue *82+0 
Rh-Poulenc A 148+0 
RafL SI. Louis 16+5 
Radoute I Lai 1025 
Salat Goooln 690 

S.E.B. 537 

Ste Generate 728 
Suez _ 35650 


Amcor 

ANZ 

BHP 

Boral 

Bougatavftla 

Coles Mver 

Comafco 

CRA 

CSR 

Dunlop 

Fosters Brew 

Goodman Field 

ICI Australia 

Magellan 

MIM 

Nat Aust Bonk 
News Corp 
Nine Network 
N Broken Hill 
Pioneer inn 
tlmndy Poseidon 
OCT Resources 
Santos 
TNT 

Western Mining 
Wesrpoc BcnMnp 
wood side 


Con Packers 121+ trv. 

Can Tire A 13fa 12te 

Confer 44 44 V, 

r ' — Ste 

KRi 
165 
2 Dft 
22te 
IU6 
k 6 te 
25te 
095 
I 17 
1-06 


Grains 


Low 

Open 

Mah 

Lte 

Case 

Ov-QaJH 

>CNl 

Lot ‘ 

CM Hffi 

Law 

Oase Cho QpM 

• 9- 


9+] Oct 94 

1135 

1137 

11.15 

11J0 

-oluhjoo 

8631 

98765epW 

9572 9127 

*10 

9571 

337875 

, ’ 


9.17 Mar 75 

1L1B 

1130 

11.15 

1U5 

-aio 6on 

96+1 

9X71 DecM 

9535 9537 

9537 

9532 

23SJ01 

•a 9 



TUB 

1130 

1130 

11.14 

— 8W «6 

95J0 

9874 tea-95 

9X18 95.19 

HM 

*514 — 80120X083 



1X9 Jut 95 

1130 


1170 



K+0 

9871 Jun*$ 

*435 9698 

MM 

*490 -03216504 



18+7 Oats 1131 1131 

■ 20008 FrfLHde 43+10 
taM 121+90 UP 4700 

1130 

. n-w 

-087 195 

95+1 _ 9131 SCP » *478 9676 M+7 

9581 - 9U8Dec95 *610 9450 *60 

Ed. sofas NA RTs.*+es 133X500 

9671 -002136+11 
9645 —03210108 

-jm ^ hik 

J-e«. ; 

V r 



WWBS+T O0I) UeBaWAnm-oanM 
194ft 100 MorM 171 ft 374ft 3+9ft 

172 109 MOV 94 154ft 357ft 354ft 

156 2+6 -UN 144ft 146ft 3+4 

157ft 102 Sep 94 3+fft 1+7 144ft 

145 3+9 Dec 94 151ft 353ft 351 ft 

3J8 111 J+*5 1« 3+3 138 

ES.stees 9M3 FtVs soles 10847 


371M-O01 19+09 

UMrOOOft 1+74 
l+*»*4U11ft 16+56 
3+4 — CLOOft 2+29 
153ft-aOBS* 1466 
358 I 


Frt-saecnlrt SD+M UP SM 
WHEAT OCSOT1 Lose BumHirun- deem par 


197 258 Mar 94 3+0 144ft 3+0 

179ft 258 May94 352 IS 151ft 

355 197 JulM 3+1 3+7ft 3+0 ft 

355’* 3322ft Sep84 3+) l+3fa 3+2V. 

160 117ft Dec 94 3+7ft XOft 3+7ft 

352ft J+3 Ui Mar 95 

Estsota «A Fn'LSCB** 4L784 
Ffl'soopnln, 35546 up 30 
CORN (CBOT) Ufate iUPnp ta »w 6 


3+3 9801 14+35 

353ft +10154 fal 05 

141=4 10+173 

3+2ft 1328 

148ft tOJJl 1JCB 

350ft fOJn S 


9S3Mt*-94 W64 
97BAtoyW 1998 
999 Jut te 1123 
1020 Sep 94 1155 
10*1 Doc W 1185 
1877 Mcr 9S 1201 
111! May 9S 
T2KJU19S 1248 
1320 Sn, 95 
n. 170 Rtisde* 
tat 89.M8 OH 7K3 
Jl+CE WCI70 1 U 
SLtaMa-W 184+0 


1067 1044 

71B 7043 

im mi 

1160 1141 

1185 1173 

rare hm 


—25 1UM 
— 37 2US3 
—32 izm 

-31 84714 
— 22 ATM 
-32 7JB5 
— 22 5,991 
-» ^ 


RTscnpitat 2J375«5 UP 62246 

■RfTHN rOUNO (5Wl) ipwapd-lpPiH— 69 
LBB4 1+SOAVrwT+a CV73 J+7W 

75130 1+500JWI94 1+7M 1+138 1+6*0 1+738 

1+950 1+5»3«P94 1+690 


■%A 


89+0MOV W 107+0 
KOSOJulM 10950 
7*550 Sep 94 
IDBJBttovW 
ICLBJotW 
tOLOOMorfS 
May 95 
M 95 

• f*A_ FrlS. sofas 
DM 


AU^ngfata r jeste dea : 22S1.lt 


Tokyo 


IIIVj ISftMorte 257ft 252 2+75. 

114ft 2J8faMn»94 193 157ft 252ft 

116ft 3+1 Jut 94 193ft 2-99V, UM 

2.92ft 140ft Sep 4* L7Wi L82 17Bft 

173ft 7J6ft Dec 54 163ft 2+6 163ft 

179ft m*Vr« 270 272ft ZTO 

182 173 Mayes 17S 175,, 175 

252ft 174ft Jul 73 175 176 ft 175 

UBft 2jnftDec9S 25* 25* 15* 

ESLsotes »ooc Pri's.sdes 40+34 
FrPsooenirt 3JJ+64 up SM 
SOYBEANS (CBOT) uveu inkPmmt- ODlwi 


251ft HUB 91+92 
19SV6 *85254 94+4S 
258 *05716 80+74 
117ft *852 17+92 

165ft * 051ft 45516 
17114 *051 ft 1934 
ITS *051 ft 20 
176ft *051 ft 585 
IM *051 71 


10LSD-.18UD 
187.10 106.15 
18958 189+5 


1709 

*8115 1JZ24 
+015 ISO 
+0.15 <9 

+aw 629 
+Q.U •• 
+015 
+ 805 


Metals 


Eri.satei-n+06 FTTOeted mjn 
RPsopenW 42545 off 1744, 
CANADUlTDOLUUr (an) SMrtaw | MtMtl 
05772 67394 Mar 94 07460 07444 07435 8749 

«7Kf 0J345J un« 07 40 0704 OJOB 07439 
077* CL7S03*>M 07447 074* '8J4I1 07425 

07628 07375 Dec 94 87450 OJCO 07423 97*1 

-87805 07376 Mar» 074* 87447 0700 87419 

•7532 07*30 Jan 95 07411 

GstMfas 7+88 RTtsatai 15+24 
Frfsc penbt 34+25 up 4008 
OBtMkMMAOC (CMBt) lwntelPafaHPn 
8+205 IL563eMarH 034V 15675 0J4SZ 0+449 
04133 05407 JlXI 94 85633 05*42 05526 05640 
0 4045 05610 Sep 9* 85415 85415 85601 05620 
05720 U5400DecM 8SCW 05410 0+400 05409 
HTff FiVs. sates 1D4.1M 
Ftrs qatnW 7*0710- w> 13240 

jAF AMmyrew ocmer) u mn-i www jpnuLoa 

INrei30UIWMOIIIW9*O4RHill5CTOIM»*M*e— 


+76 40324 
+76 1+97 
+78 <H 

+80 a 


—16 30757 
— 19 £282 


■V +- W ' •*»; 

t’.'t 


TlmmsorvCSF 20450 


75* LWftM ar94 673 671 LTOft 

7+1 iWftMDYM 477ft 652ft L75 

750 5J4 ,, fJul9* 6J9 6 M 676ft 

755 628 *UB 94 649ft 475 6+Wl 

4+9ft 617 StaiM 651ft 655 6+1 

7+Ta U5ftN0.94 636ft 648*4 635 

670 6IIV; JciitS 642 645 641ft 

677ft 6C MOT95 

473 642 ft Jut 95 

Uh uaViMOutS 60 617 60 

ESLMfaS <K»0 Fn-S.«afeS 54+44 
PrVsoo enrt 178 944 0<T H*s 

SOYBEAN MEAL (CBOT) WBvMmn 


673ft-80W 59+18 
6T7H — 60114 OJ34 
67r*_iunft 36226 
671 -0+1* 8792 
65154-0705* 3769 
6 isft— mnfa 19+1* 
6flft— am ft i+» 
650ft .050 297 

651 Vi *8+184 215 

617 +0+7 8(1 


89+0 *83035+15 

1665 +0A5 

9655 *059 0,181 

1665 +8B 

070 +160 4+88 

053 +M0 3+44 

1973 +SLB 840 
031 +050 

ft A# +035 514 . 

WJS +050 L1C 
1945 '+OJO 30 
8975 +050 

OJO +040 
055 +050 

19+9 *055 738 

19.15 +053 185 

0+5 +858 


0+081180089*^ M 8889208009239888925181109279 
&L**B 33+0 FrtXscOas 46802 
nrsapenH BUM up 2TQ 
5WB5 FRANC (OMR) (pwfmaol BCMmaPKAW 
B719S OAOTMarW 14775 16814 86775 86805 
07020 0400 JunM 16705 16802 0+773 16798 
17080 - BiOISSlpM 06790 UNO 862V 86+02 
EsLa+es 19+54 RtXstfc 4S+B^^ 
FriftapenM 51+10 i* cm 




Sao Paulo 


Johannesburg 

AECI 1875 II 

AMech 95 

Anglo Amer 210 


Solvoy 14825 14925 

Tractate! 11600 11450 

UCB 24450 24900 

Current Stock tedea : 774134 
Previous : 776621 


Buffets 
De Beers 
Drte f onte ln 
Gencer 
GFS4 

Harmorr> 

WshveW Steel 
Kloof 

Nedbonk Grp 
Rmdtentetn 
Rusplat 
SA Brews 
57M*f»W 
Stool 
Waikom 
Western Deep 


1875 1875 
95 95 

310 208 

NA 3175 

9 850 
NA 59 
109 110 

S2+S S4J0 
820 8+0 
97 97+0 
26 26 
17 17 

48+0 5125 
2725 2725 
40 41+0 
74+0 7425 
90 92 

N76 42 

22 71 

4225 4175 
168 T72 


Madrid 


Banco do Brasil 1250 llo? 


BBV 3390 3440 

Bat Central Hisp. 30 (5 sots 

Banco Santander 7190 732Q 

CEPSA 3130 3275 

Draaadas 2580 2660 

Endesa 7540 7660 

Eraros i« 145 

Iberdrola I 1110 1133 

HbosoI 4735 4841 

Tabo cetera 4245 4280 

Teletan iaa 7135 2160 


7400 7300 
8200 COO 
1400a 140ft? 


Paranaaanema 1060 1020 


Petrobr c s 
Telefaras 
Vale Rla Ooce 
Varte 


9700 9JW 
23700 23250 
84000 60990 
95000 97090 


a: * 100 . 

54872 


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26+5 22+5 Jot 95 2426 2532 2410 

25J« 2150 Mar 95 

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INTERNATIONAL HERALD TRIBUNE, TUESDAY, FEBRUARY 8. 1994 



Jp JJl t!>» llSP 



Page 11 

EUROPE 


Lag as El Car Sales 
Rise 7% for Month 


Cv^bOvSitfFnmDhpatcka 

BRUSSELS — Car sales rose in 
Europe in January but demand re- 
loaned weak and Germany and 
Italy, Europe’s largest markets, are 
beading for trouble, analysts said. 

January new-car registrations in 
the J2 countries of the European 
percem ’ 

from 898,940 a year earlier, the 
Europ ean Automobile Manufac- 
turers Association said. But last 
yearns figure had been down 28 
percent from 1992 because buyers 
nad rushed to buy cars in Deam- 
ber before taxes increased and re- 
bates ran out. 

Car sales in January in Western 
Europe, which includes the 12 EU 
countries, Austria, Switzerland and 
the Scandinavian countries, rose 
Jjjg"*-'* l - 03 “inwn. from 

West European car sales, down 
15 percent fa - all of last year, still 

are predicted to be flat or only 2 or 

3 percent higher this year, despite 
the January increase. 

• “That’s a relatively encouraging 
□umber only because it’s positive,” 
said Francois Colli, an analyst at 
Paribas Capital Markets. “Germa- 
ny is a bit disappointing, however.” 
He predicted Gentian sales would 
be flat this year. 

An official whh the European 
Automobile Manufacturers Asso- 
ciation, commenting on the 63 per- 
cent West European increase, said, 
“It’s the first indication that, hope- 
fully, the recession Is leveling out.” 
However, he also said the improve- 
ment was not dramatic because it 
reflected an increase over a particu- 
larly bad January 1993. 


German sales in January rose Z6. 



__ had rushed to buy cars in 
December before taxes increased 
and rebates ran out. 

“The domestic market will con- 
tinue to be weak and orders still are 
showing no sign of improvement" 

said Jurgen Mdzner, an analyst at 
Deutsche Bank, who predicted 
German sales would fall 4 percent 
this year.- “The only encouraging 
□umbers are that German car ex- 
port demand is growing.” * 

The export market for German 
cars, including Volkswagen, Mer- 
cedes-Benz ana BMW models, is 

racking up thanks to deman d in the 
United States and signs of a revival 
for top-of-the-Hne new models in 
Japan, analysts said. 

Car sales in Italy fell 10 percent 
in January, following a 20 percent 
drop in ail of I993 and a 14 percent 
drop in January 1993. Faffing fam- 
ily income, worries about rising 
taxes and cantion ahead of next 
month's national elections are 
stunting .demand, said Anfia, the 
Italian car association. 

British monthly sales now sur- 
pass Italy’s, thanks to an 1 1.6 per- 
cent rise in 1993 and a 20 A percent 
rise thi^i January. 

“The U-K- has a good, stable 
recovery, and that’s comfor ting in 
the long-term for other countries,” 
Mr. Colli said. “But if we’ve 
reached bottom, it might take up to 
a year far Sales to pick up througb- 
out Europe. 

(Bloomberg, Reuters) 


Sellers Emerge in Europe 


By Erik Ipsen 

International Herald Tribune 

LONDON — European stock 
markets reacted sharply Monday 
to Friday’s quarter-point rise in 
U.S. interest rates, but analysts 
generally said this did not signal 
a turn to a bear market. 

. “A quarter of a percentage 
point should not move markets, 
but it was very important from a 
psychological point of view,” 
Matthew Merritt, a stock market 
strategist at NatWest Markets in 
London, said. 

In Loudon, the Financial 
Times-Stock Exchange index of 
100 shares fell 99 points in early 
trading before regaining some 
confidence after Wall Street 
showed early strength. It stQl 
' dosed with a loss of 5630 points, 
or 1.60 percent. 

Elsewhere, the DAX index in 
Frankfurt fell 2.75 percent, the 
CAC-40 index in Paris was off 
1.81 percent, and most other ma- 
jor European markets fell 1 per- 
cent to 3 percent The European 
component Of the Intcrnaty i p aT 
Herald Tribune World Stock In- 
dex fefl L83 percent. 

But many analysts viewed the 
sell-off as minor and perhaps 
even overdue. “In the context of 
seeing markets rise nonstop over 
the last year and a half, I would 
not consider this reaction se- 
vere,” Rob Sweers, equity strate- 
gist at Paribas Capital Markets 
in Amsterdam, said. 

Many said they saw no reason 
to fear the US. interest -rale in- 
crease would have anyimpaclon 
Germany’s long-anticipated rate 
cuts. Those cuts, however, are 
considered Kkdy to be delayed at 
least another month because of 
recent growth in the German 
money supply. 


Belgium Cuts Rates Anyway 

Compiled by Om Staff From Dispatches 

BRUSSELS — Interest rates in the European Union can come 
down despice the rise in U.S. short rates, Finance Minister Philippe 
Maystadi of Belgium said Monday. 

He spoke after Belgium's central bank, against expectations, cut its 
key lending rates earlier in the day. The bank trimmed its central rate 
fra money market lending by 0.15 percentage point to 6.70 percem and 
its regular overnight interest rate by 0.15 point to 830 percent. 

The Federal Reserve Board-engineered increase prompted specu- 
lation that hoped-for cuts in European rates might be detaved. 

Bui Mr. Maystadt said there was no threat m the change in relative 
currency values. "We consider that a certain appreciation of the dollar 
against European currencies is justified.'’ be said. (Reuters, API 


"I wouldn’t see it having any 
impact on the timing of the next 
German move,” Michael Burk, 
currency economist at Citibank 
in London, said 

The big worry facing Europe- 
an investors is what a slight rise 
in American interest rates wfll 
mean to Americans' appetite for 
European shares.' Last year, an 
estimated S 1 30 billion in invest- 
ment money flowed out of the 
United States and helped to push 
up stock and bond prices from 
Seoul to Stockholm. 

But with some analysts in Eu- 
rope now predicting that US. 
interest rates wfl] rise by as much 
as 1.5 percentage points over the 
coming year, there is concern 
that Americans could lose their 
lilting fra overseas investments. 

Some, however, saw a positive 
sde to the unexpected timing of 
the Federal Reserve Board’s 
move, which generally had not 
been expected until a few 
months later. By not waiting for 
hard evidence of a resurgence in 
inflation, they said, the Fed may 
have staged a pre-emptive strike. 


“By acting early, they have 
avoided the need for an all-out 
war against inflation,” Mr. Burk 
said 

Still with American interest 
rates now at last headed higher 
and European rates still on a 
downward path, an important 
threshold in the long bull market 
has “been passed. Mr. Sweers of 
Paribas said he did not think 
European investors would easily 
shrug off the U.S. rate move. 

Although he insisted that ea- 
ger buyers still were waiting in 
the wings, he said “I expect that 
investors will get more cautious 
and that companies will have to 
provide better evidence that their 
earnings are indeed improving.” 

That in itself would represent 
a major change of stance. By 
most estimates, German shares, 
for instance, are now trading at 
prices averaging a high 30 times 
last year’s corporate earnings. 
Meanwhile, the German econo- 
my remains deep in recession, 
and the Bundesbank shows no 
hurry about cutting rates to 
bring it off the bottom. 


KKR Starts 
Venture 
In Europe 

Bkxmberz Businas Sens 

LONDON — Kohl berg, Kravis, 
Roberts & Co. is establishing its 
first West European venture-capi- 
tal company under the leadership 
of Ian Martin, who resigned Mon- 
day as nonexecutive deputy chair- 
man of Grand Metropolitan PLC. 

Mr. Martin will he chairman and 
chief executive of K oh) berg Kra- 
vis's Glenisla Group, which will 
concentrate on investing in West- 
ern European companies. 

Mr. Martin. 58. was at Grand 
Metropolitan for 14 years. He led 
the company's acquisition of Ptils- 
bury Co. in 1988. and helped the 
US’. food company increase its 
profits by 50 percent in 1990. 

Kohlberg Kravis has about S2 
billion available for equity invest- 
ment worldwide on which Glenisia 
can draw. 

"What differentiates us is that 
we could make a £300 million deal 
or buy a number of smaller opera- 
tions and siring them together.” 
Mr. Martin said. 

Once acquired, the acquisitions 
would be placed under Kohlberg 
Kravis's management. Mr. Martin 
said he would then work as the 
chairman of the acquired company. 

“We are looking for situations 
where we can either identify or cre- 
ate value through restructuring and 
company turnarounds.” be said. 
“There may be situations where we 
see value, but that value has to be 
drawn out." 

Mr. Martin’s departure from 
Grand Metropolitan had been ex- 
pected. He was passed over at 
Grand Met for the position of chief 
executive officer when AUen Shep- 
pard’s role of chairman and chief 
executive was split last year. 


| Investor’s Europ 



"1 

Frankfurt 

DAX 


London 
FTSE 100 Index 

Paris 

CAC-40 


flu? 



..." 


jjT 

2909 ,,,, _ 

A. " 


r ■■ 

.■ : 

w • 


3 L. • 


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Z1Q0 — jrjf 





: 

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' 

aoo-v — 

■ . , ; r 



HB 's l O N U J F 
1933 19M 

Bchange index 

Amsterdam AEX 

O' N 

1B93 

b jT 

1994 

Monday 

.Close 

428.43 

CU ^S' ON O JF 
1993 1994 

Prev. % 

Close. . Change 
. 437.10 -1.98 

Brussels 

Stock Index 

7,74iJ96 

7,76 833 

-0^4 

Frankfurt 

DAX 


2,079.40 

" 2,138^5 

-2.75 ■ 

.Frankfurt 

FAZ 


800.66 

819.56 

-2.31 

Helsinki 

HEX 


1,899.33 

1^71.96 

-3.68 

London 

Rnanctai Times 30 

2,632.90 

. 2.666.80 

-1.35 

London - 

FTSE100 

3.419.10 

3.47540 

-1.62 

Madrid 

General irriax 

34724 

352.46 

-1.48 

-Milan . 

MIB 


1,063.00 

1,074.00 

-11)2 

Paris 

CAC 40 

24B7.0S 

2,329.17 

-1.81 

Stockholm 

Atfaersvaeriden 

1,601.45 

1 , 846,40 

-2.43 

Vienna 

Stock Index 

499.55 

505 76 

-1J23 

Zurich 

SBS 


.1(087^9 

• 1,091.83 

-*L25 

Sources; Reuters, AFP 



IniemabMul Herald Trihone 

Very briefly 

■ 

P 





COMPANY RESULTS 


SCULLEY: Spectrum Chief Quits 


Revenue and profits or 
losses, in mUfions, are in 
local currencies unless 
other w ise iraScated. 

United States 

Armed 

4ttt4mr. im m 

Revenue 3MX0 «U0 

Net LOSS tU» J74JO 

W WTO WTO 

Revenue _ I ML U7X 

Net Loss HIM ■ 42930 

Nets Include charge* at s/J 

ml Won vs. sJi million. TOPS 
nets also tixtuOe u t maes of 
us million m Quarter and of 
ssnsommioa in hril Yea r. 

Burlington Industries 

I AOnr. UM im 

imnw *r\.n &>.u> 

Net Inc TUB Ut 

Per Stare 023 0J* 

Coastal Cerp. 
ettiQmr. im ■ im 

Revenue — U49. iSM. 

Net Inc 759010)154* 

Per Stare— 068 — 

Year im im 

Revenue _ T0.l36.1WCL 

Ne) me iTUOiBinu 

Per Shorn— UBQ .. 
a: Loos. IW Quarter net My 
chutes charge of SI 2 S mil tkxi 
Par shore results otter pre- 
ferred aMdends. 

Coca-Cola Enterprices 
fflionr. . wn 25 

Revenue U22. 1399. 

Net Inc . — untoUlJD 

Per Stare— 0JD — 
Ymr wn wn 

>— U 65 5,127. 

l 15X0 TSU0 

a: Loss. 

Cotsato-Pgtmolhre 
4H> Oear. .wn mi 

Revenue uw a wn. 

Net Inc — 122.10 UUQ 
Per Share — R7* 046 

Year IW WU 

Revenue WJ. TOP. 

Net inc WJ0 frig 

Per Snore— 1X0 2S2 

Continental Airlines 

_ i2S i3£ 

_ 3C55 UW 


Year im wro 

Revenue X«7- 1494. 

NeTLon 3655 12533 

Eaton 

manor. im wn 

Revenue UTS. UOB. 

Net inc. 2Lm mm 

Per Shore 036 057 

Year im . im 

Revenue '4401. <161. 

Net Inc - lTSXOfcrtOOD 

Per Snore 24T — 

a: Loss. 

Emerson Electric 


ana uu 

Net inc 17388 1*120 

Per Stare 029 <73 


«h 
Ren 

Net Inc 
Pi 
Yl 


GTE 

wn ' wn 

— 5061 5.133. 

_tOM64X 417X0 

■ — 044 

1991 1992 

r— 1*7* 19,994. 

*fe 0,75 2 

a: Leas. 

• v i- .lfTTn— |m» 

naifVCXMTcnv 

im im 

STtSfc S « 

Year im MR 

Revenue — A3SL cmc 
N et Una— WU» 13736 

Household 

etnQoor. Jtn ,w« 
Revenue— mm 7«xo 

Net Inc. *U» S9M 

Per Shore— BJ0O63 
Year HR Wfl 

S3C"— SS 

Per Stare — ifl 1X7 


4ft Qwr. . MR ' MR 

Reu m u e 5J»2- 4.1QQ. 

tat Inc — 2W50COI6T7J) 

S__ TJ7 — 

im im 

. 22J62. 2Z.V77. 

Net Inc— fiMWoWOM 
Per Stare — 732 — 

a.' toss. 

KnlghMUdder 
40) Qaar. WTO HR 

Revenue— BUS 6U7I 
mitnc — . M «« 
Per snare — aw 079 


Year WTO mi 

Revenue — 2451. 2330 

Ns) Inc. 148^9 

Per Stare — ■ «B 074 
HR rear net Indudes gain of 
RU million tout charge of 
5t3i mutton. 

Liny (E 1 D & Co. 
4tfi0uar. ■ . wn im 
Revenue— 1301. 1455 

Opcr Net 33240 31130 

Oper Stare- 1.14 136 

im net exclude charges ot 
SMSimHHon. 

McGraw-Hill 

4tftOaor. ..WTO WTO 
Revenue— <6233 57646 

Net Inc-: 4438 4439 

Per Stare— &91 091 

year . m3 1« 

Revenue 2395 WHO. 

Net Inc . 1144 250 

Per Stare—. 023 OlSB 
1993 nets Include gnkt at StKf 
mutton fat ‘ 
of SMU million Bi rear. 

Nai*l IntersroaP 

3WOOOT. . . m ,wn 

Re v e nu e 1JTO. iJffL 

Net IllC-uc^ir ,0>4J5 

■Per Star.—, ...028 — 

* Months WTO im 

Revenue aa ism 

Nef/nc tin 4JS 

Per Stare — 640 BOt 

a; Loss. 1993 nets include 
afUZSmUHon. 


Owens-Corning Fib. 

wn wro 

_ 7S4W'-»tflO 

Net me 3100 i*oo 

Per Stare __ OTS 033 

Year WTO wn 

Revenue — 7M*. 2476 

Net me ITU® 7JJB0 

Per Stare — 100 170 

Nets Include costs of Sid mV- 
Hon Ui 1 992 Quarter and of S23 
mitten w IM mOUon Mi tut! 


Springs Industries 
tn Qaar. WTO WTO 

Revenue 52223 53144 

Net inc 1548 1444 

Per Stare— 087 042 

Year W93 im 

Revenue 2421 L975 

Nel Inc (a)2S2f 4453 

Per Stare — 250 

a: Lass. 

Sprint 

ttt) Qaar. . im im 
Revenue— 2981. 2720. 

Dper Net 190.10 116.90 

Opcr Stare 055 034 

Year 1993 1991 

R avenue— 11366 10420. 

Opcr Net 48040 49510 

139 146 


1993 year not excludes lasses 
ofsflj m/ttJan and charge of 
S3SL2mHUaa. 

Stone Container 

im im 

U«L 1331. 
8348 7570 


Net LOSS - 

Year 
Revenue. 
Met Lon. 


wn wn 

5060. 5521. 

35676 36940 


«h 


Pitney Bowes 

— wro im. 

973.93 92775 

Nt Inc 1U7» 94iB 

Per Stare— . - 072 040 

Year WTO im 

Per Stare — 222 043 


Textron 

WTO 1992 
- 2400. 2300- 

NetMC 102JD 90.48 

Per Shore— U3 152 
Year WTO WTO 

Revenua— M0a 6300. 

Net Inc 379.10 334.10 

Per Stare— 431 346 

Timas Mirror 
tMiQwr- ,«« »« 

Revenue 1X09. 98024 

Oner Net 2215|U)6553 

Oper Stare— 018 — 

Year WTO im 

Revenue 3716 3596 

Oper Net 164.11 3S32 

Oper Share— 137 027 

a: Loss. 

Timken 

JlhQuar. MM WTO 

Revenue <651 3RM 

Net Inc 029.96 612 

Yea- im 1992 

Revenue 1709- 

Net Inc 027153 4.45 

Par Shore — — ■ aw 

a: toss. 1993 year results In- 
clude charges of SXBJ mu- 
tton. 


Tosco 

OftQuar. WTO im 

Revenue 1/I4X £3543 

Net inc 1571(0)1219 

PerStara 043 — 

Year WTO WTO 

Revenue 3459. 1461. 

Net inc 9058(0)7446 

Per Stare— 238 — 

a: Lees. 

Tribune 

4th Qaar. lfR WTO 

Revenue 51155 52212 

Net Inc 5608 4241 

Per Stare— 080 057 

Year 1993 im 

Revenue 1.953. 2.105 

No I Inc — 18641 11943 
Per Stare 236 L46 

Tyco Inn. 

muQuar. im wn 
Revenue — B0248 74515 

tat Inc 2949 2581 

Per Stare— 044 057 

1st Halt 1993 im 

Revenue 1 J91 1574. 

Net inc 57.13(02077 

Per Stare— 134 — 

a: less. 

Tyson Foods 
M Qaar. WTO 1992 

R even ue 1.153. 1XB3. 

Net inc 4438 3940 


Year im 

Revenue—. 6346 

Net Inc 1 77 no 

Per Stare— 673 

UPlobn 

4th Qaar. WTO 

Revenue 92635 

Net Inc 16172 

Per Stare — 692 

Year WTO 

Revenue 2411. 

Net Inc 39240 

•■er Share 218 

USAir 
im 

1.802. 

Net Lose— 11654 
Year WTO 

Revenue 7.083. 

Net LOH 393.12 


im 

16061. 

20300 

6B5 


mti 


UR 

967.10 

15434 

086 

im 

2549. 

32433 

178 


im 

1435 

25404 

im 

4666 

1329. 


Continued from Page 9 

Scull cy issued a statement on Jan. 
25 denying those rumors. 

But the same day. a Securities 
and Exchange Commission investi- 
gation of the company was dis- 
closed. On Monday, Mr. Scullev 
said he had learnt of the SEC 
inquiry from news reports. 

“Although the company has 
known of these inquiries. I was not 
informed of them either before 1 
joined the company or at any time 
prior to Jan. 25, 1994,” he said. 

The company’s stock fell again 


last week after news that top man- 
agers bad executed large portions 
of their stock options in November 
and early December, taking advan- 
tage of a surge in the stock after 
Mr. ScuUev's arrival. 

Mr. Sculiey also said he had 
raised questions about the way 
Spectrum accounted for revenue 
from licensing fees. He said he had 
asked an outside auditor to review 
the accounting practice, and the 
auditor recommended that the 
earnings be recalculated. 

(AP. Reuters) 


• Sweden, in the early siages of recovery from its worst economic 
recession, urgently needs to reorganize its state debt and ease labor laws, 
the Organization for Economic Cooperation and Development said, it 
recommended the government signal its commitment to low inflation by 
introducing index-linked debt instruments. 

• Royal Ne<ffloyd Group NV expects to post a 1993 net loss of about 120 
million guilders (S61.7 million). In 1992 NedDovd booked a net loss of 
58.3 milli on guilders. 

a Ahjsmsse-Loaza Holding AG plans to raise 400 million Swiss francs (S276 
million) in a rights issue to finance the takeover of Lawsoo-Mardoo Group 
of Canada. The Swiss chemicals, packaging and aluminum concern also 
said it expected a net profit of 80 million to 90 million francs in 1993. 

• Umdanmark A/S plans to issue 55 million of its listed A shares at 
market value to improve the financial base of its Unibank unit, Den- 
mark's second-largest bank. The issue has a nominal value of 550 million 
kroner (SSI million). 

• Hanson PLC is planning a public offering of 100 percent of its building 
subsidiary. Beazer Homes (U.K .1 on the London Stock Exchange in 
March as' it seeks to raise cash to pay off some of its £11. 4 billion (S17.1 
billion) debt. 

• French industrial production, excluding the construction industry, rose 
0.4 percent in the Lhird quarter of 1993. compared with the previous 
quarter, the National Statistics Institute said. The seasonally adjusted 
industrial production index rose to 108.5 in (he third quarter from 108.1 
in the second. 

• Dalgety PLC of Britain said it earned £56.4 million (S78.9 million) 
pretax in the first half ended Dec. 3 1 . up 0.3 percem from a year earlier. 

• Charles Masefield, now president of Avro International Aerospace 
has been appointed to head Airbus Industrie’s sales department 

• Heinz SdummeZbascb. the dismissed chief executive of MetaDgeseBs- 
cfaaft AG, is asking for compensation of 10 million deutsche marks (S5.7 
million), the German magazine Der Spiegel reported. 

Bloomberg. Reusers. IFF. AP 


Per Stare- 


620 627 


UAL 

Yoar 1993 wro 

Revenue HSU. 12496 

Net Loo* — ana 957.00 
1993 year resuta Include K9 
mUrkxi ch ar ge. 520 million 
foreign e xch ange loss, and 
Sirmtutonaatn. 

Union Carbide 
Oft Qaar. i» IW? 

Revenue 1473. 1,187. 

Net inc 44030 won 

Per Stare — 631 612 

Veer WTO W« 

Revenue 664a 4672 

Net Inc 666010)1750) 

PerStara— 636 - 

a: leas. 

Unocal 

4ftj Qaar. WTO .1992 

Revenue 1.965 2461. 

Net IOC 3100 94030 

Per Stare — 0.14 Djt 


Washington Post 
(It Qwar. W93 1992 

Revenue— 39546 39134 
Net Inc. — 4248 3462 

Per Stare — 163 1*4 

Year 1993 WTO 

Revenue — 1496 145L 

Net Inc 16S42 12740 

Par Stare — 1448 1680 

Whirlpool 

ettQuar. im wro 

Revenue 1,904. 1436. 

Net Inc _ 690)0 6200 

Per Stare — 6*4 687 

Year m3 WTO 

Revenue 7533. 7J01. 

Net inc 510)0 2ft5M 

Per Stare — 667 250 

1993 nets Include charges of 
525 milHan in auarter and of 
S320 million In fufl year. 

Witco 

4ft! Qaar. 1993 .WTO 

Revenue 499.33 45648 

Net LOK 2757 153 

Year 1993 WTO 

Revenue— 2,143. 1.72?. 

tat Inc 19.76 39.18 

PerStare — 046 690 

Xerox 

MQaar. M \m 

Revenue 4177. 4225. 

Oper Net 236030 716.00 

Oner 5h<xe— UP UP 
Year 1993 WTO 

Revenue — 14 &oi. 14481. 

Oper Net 62600 562J0 

Oper Stare— 546 5.15 


CURRENCY AND CAPITA! MARKET SERVICES 


M 


Currency Management Corporation Plc 

Winchester House. 77 London Wall ■ London EC2M 5M> 
TeL (Pl-382 9745 Hxt 071-382 «H87 


FOREIGN EXCHANGE & GOLD 


LC I 

WD f 


24 Hour London Dealing Desk 
Competitive Raxes & Daily Fax Sheet 
Call for further information & brochure 


"Help! Which markets should I invest in? 

Gooa question ■ lor perspective, analysis’ and answers y oj.tfiouid 
feed FcitloiMcnay - f.he g/obai s.’ra'egy investment fetter 
Thousands do - why shioo’dn t.-you? 

Cell Kyla Phillips for a sampiu issue Cor.cc: cr.iy) ol-Cn.ail Ar.c.iys:; udr’7 Swollev 
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'<n- 71 - 639-69«, 


For further details 
on how to place your listing contact: 
PATRICK FALCONER in London 
TeU (44) 71 8)6 48 02. 

Fax: (44) 71 2402254 

HcralbSfeSribunc, 


CARS: Japanese Husde to Regain U.S. Market Share 


Continued from Page 9 
now account for rrairiiiy 40 percent 
of the American light-vehicle mar- 
ket 

The Japanese held 29.1 perc ent 
of the passenger car market in 
1993, down only 1.1 percent in the 
two years. Bat m light trades, then- 
market share last year was 13.6 
percent. 

Japanese executives said they 
misjudged the extent of this market 
shift, fri addition, pickup trades 
and two-door spcrt-utility vehicles 
are classifi ed as commerdal vehi- 
cles subject to a 25 percent U.S. 
tariff, virtually pricing surih models 
out of the markeL 
But the Japanese companies 
have some advantage s, not t he least 
loyal American cust o mers happy 
with their Japanese cars. And they 
«rfitl have a quality edge, if a shrink- 
ing one, which translates into a 
higher resale value for used cars. 

The surest way for the Japanese 
to gai" back market share is with a 
popular new product, as Nis^n 
showed with the Altima and also 
with the Quest minivan, bunt fra it 
by Ford. . . . _ 

This year Nissan is hoping to 

increase sales 10 to 20 percem, said 
Misutaka Kurumisa wa, dep uty 
general manager of European and 
North American operations. It 
introduce a new Maxima, lts mgn- 
end in the spring, followed 
about a year from now by a new 
Sentra, its economy mood. 

Honda, tong the epitome of sat> 
cess in. the United Slates, saw its 
sales ditto 6.8 percent last year and 
its market snare, including its 
Acunt division, fall to 5-1 percent 
from 6 percent in 1992. ^ 

The company sad it opcatC la 
sales increase this year because of a 


United States 
Aerospace 
Fraud Claims 


rtew Accord introduced last sum- 
mer, and it has started, to sell a 
sport utility vehicle made by Isazu 
Motors Ltd. Until now Honda has 
made only passenger cats. 

Later this year, Honda will intro- 
duce a minivan of its own design. 
Executives say the vehicle wfll be a 
cross between a passenger car and 

a ’ in l ent mflu vmsa 

The new product, based cm the 
Accord, is expected to have a lower 
flora than moss minivans, allowing 
easier entry yet a high cefling to 
maintain the roominess of a van. 

Virtually all the companies are 
increasing production at their 


American factories to protect their 
costs from the rise of the yea. 

They are also designing and pro- 
ducing some models specifically for 

the American market Toyota is do- 
ing that with its new Avalon, a 
roomier replacement for the high- 
end Crcssida that was announced 
at the Chicago Auto Show last 
week. Honda {Hans to d e sig n and 
build a new model of the Acura in 
the United States fra introduction 
in toe 1996 model year. 

In the long run, the Japanese 
hope to cut costs enough to com- 
pensate fra toe yen’s rise, but that 
will take time. 


: amo ROSE 

(MwOCDUMSEtONS 

MMIONOC 

u.TTS-aous 
puts 
14 28 0** 

£ fcNSCLXO 

eisi 


! > 
; 1 


i I 


INVITATION 

FOR TENDER PREQUALIFICATION 

Supply of various equipment for hospital developments at Berea, 
Mokhotlong and Qaidia’s Nek. 

The Government of Lesotho has obtained funds from the African 
Development Fund for the development of various hospitals in 
Lesotho. 

The project will comprise of the supply, installation and commis- 
sioning of equipment . as follows: 

A. LABORATORY EQUIPMENT 

D. DENTAL EQUIPMENT 

E. MEDICAL UTENSILS 
H. HOSPITAL EQUIPMENT 

L SURGICAL INSTRUMENTS 
P. PHYSIOTHERAPY EQUIPMENT 
R. MEDICAL REFRIGERATORS 

Supplier; wishing to be prequalified for participation in the 
bidding are rnviied to submit completed prequalification 
questionnaires to toe address- given below not later than 1 8th 
March 1994.. . ‘ 

The Project Coordinator 
Rural Health Sente Project 
Ministry of Health 
P.Q. Boy-7429 
MASERU, 100 

Lesotho* Fax: 310041 

Southern Africa Tel: 312468 

Prequdificafion questionnaires and further information may be- 
obmined free of c h ar g e at toe above address. 


REPUBLIC OF COTE D'IVOIRE 

Union - Discipline - Travail 
OFFICE OF THE FRIME MINISTER 


COMMITTEE FOR THE PRIVATIZATION 
AND RESTRUCTURING OF THE PARASTATAL 
SECTOR 


INVITATION TO TENDER j 

IDENTIFICATION AND IMPLEMENTATION 
OF A COMMUNICATION STRATEGY 
IN THE AREA OF PRIVATIZATION 

ARTICLE 1 - SUBJECT OF THE INVITATION TO TENDER 

The subject of this invitation to tender concerns the identification and 
implementation of a communication strategy' for the privatization programme 
in the Republic of C6te d'Ivoire, 

ARTICLE 2 - FINANCING 

Services will be paid from the resources made available to the Government 
of C6te d'Ivoire by the International Development Association (World Bank) 
(Credit N°IVC- 2363). 

ARTICLE 3 - BIDDING DOCUMENTS 

Bidding documents are available at the following address: 

COMITE DE PRIVATISATION ET DE RESTRUCTURATION 
DU SECTEUR PARA-PUBLIC 
6, Boulevard de I Indent 
01 BP 1141 ABIDJAN - PLATEAU 
REPUBLIC OF COTE D'IVOIRE 
WEST AFRICA 
Tel: (225)222231/222232 
Fax: (225)22 2235 

for a non refundable fee of CFAF 50.000 (^ thousand CFA francs) in cheque 
addressed to the Comite de Privatisation (CFAF 1 = FF 0.01). 

ARTICLE 4 - SUBMISSION OF BIDDING. DOCUMENTS 

The bidding documents should be submitted on or before March 17th, 
1994, 18:00 hours GMT at the address indicated above. 


ARTICLE 5 - OPENING OF BIDS 

Bids will be opened on March 18th, 1994 at 9:0 
Direction des Marties Publics in Abidjan, Cote d Ivoire. 


00 hours GMT at the 


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INTERNATIONAL HERALD TRIBUNE, TUESDAY, FEBRUARY 8, 1994 


Page 13 


ASIA/PACIFIC 


_• cj , 





#. * “ 


J* 


J. 


* 


Asian Stock Markets Slide 



By Kevin Murphy 


UDUB inmnf 

IIONG KONG — Spooked by a 
anall rae in U.S. interest rates, 
Asian stock markets stumbled 
in Haig Kong 
and Thailand — as investors 
looked to New York for sines that 
the region's boll run was over 

cent, and the Stock Exchange of 
Thailand index quickened a 
monthlong slide, drop ping 6 9 per- 
cent in heavy trading ted by small 
lnvestons. 

kTckyo, Asia’s biggest market, 
Jk Nikkis average dosed down 
287.03 points, or M percent, at 
20,014.40. But analysts said devel- 
opments in the united States 
played little part, as Japanese in- 
vestors were focusing cm domestic 
economic and political problems. 

Elsewhere, however, investors 
from New Zealand to Seoul seemed 
to fear that the U.S. interest-rate 
increase Friday and that da/s 2.4 
percent dtdme in the New York 
stock market could slow the strong 
flows of American investment that 
have lifted most Asian markets to 
record highs. 

Designed as a pre-emptive move 
against inflation by the Federal Ro- 


serve Board, the quarter-point in- 
<^ease in a short-term interest rate, 
the federal funds rate, prompted 
wall Street's biggest single-day loss 
m two years. 

“The Asian markets reacted as 
usual..— they overreacted," WB- 
1 ,‘r. nun: ■ « 


Salomon Brothers Hong Kong 
LuL, said, citing the region's strong 
growth in corporate earnings and 
prospects for increased exports to a 
rebounding U.S. economy. 

But it was the fickleness of die 
markets, winch cli mb ed steeply in 
1993 as foreign investors chased 
high returns, that seemed to weigh 
heavily on most traders' minds. 

“External factors have brought 
Thailand down,*’ Marie Reinecke, a 
dealer with Raring Securities in 
Bangkok, said. “And domestic fac- 
tors will make sure it stays on its 
knees. The overreaction has-been 
phenomenal.” 

“If Wall Street takes another 
tumble, ah bets are off in some of 
these markets,” Mr. Phillip s said. 

Several Asian markets will be 
closed in the next few days to cele- 
brate the Lunar New Year, raising 
fears that souk investors would be 
tempted to seQ heavily Tuesday if 
New York shows signs of falling 


further, rather than hold positions 
over a time of market dosings. 

The Kuala Lumpur composite 
index, one of the strongest per- 
formers in the region in 1993, lost 
4.6 percent Monday, continuing 
the weakness it has shewn over the 
past five weeks. Hie Seoul market 
declined 2.9 percent, and Jakarta 
and Manila fefl as weh. 

The Strai is Times index in ! 
pore fdl 2.0 percent, the AH* 
aries Index m Sydney lost 21 per- 
cent, and Wellington's Top 40 
Index finished down 2.0 percent. 

Archie Han, research head of 
Crosby Securities in Hong Kong, 
said, “There wih.be a time when 
people stop and look at this market 
and decide nothing has really 
changed,” citing such fundamental 
factors as the still booming busi- 
ness with a rapidly growing tf trou- 
bled Chinese economy. 

But in die meantime, some major 
investors may be poised to step out 
of Hong Kong and other Asian 
markets fa- a while, saying stocks 
had just become too expensive. 

Nomura Research Institute Eu- 
rope, for example, is recommend- 
ing; that its cheats not hold any 
Hong Kong stocks. 


Indonesia 
Near Deal 
On Power 

Reuters 

JAKARTA — Indonesia is 
to sign a deal with a foreign 
consortium to produce elec- 
tricity from a planned S2J bil- 
lion coal-fired power plant in 
East Java, industry sources 
said Monday. 

They said the Paiton power 
deal, the first major venture 
involving the private sector, 
would open a potentially lu- 
crative area for foreign and 
domestic investment. 

The consortium, grouped 
under a joint venture called PT 
Paiton Energy Co., indudes 
Mitsui & Co. of Japan and 
Mission Energy BV of the 
Netherlands, a unit of Mission 
Energy of the United States. 
Both hold 322< percent. 

The government and the 
consortium have agreed, after 
almost two years of negoliar 
tions, on pricing tariffs for the 
two 610-megawatt units. 

“President Suharto has ap- 
proved the agreement and it is 
likely the contract will be 
signed between Feb. 9 and 
15” one source said. 


Hong Kong Developer Attracts Bidder 


Compiled by Oar Staff From Diyachet 

HONG KONG — HKR Inter- 
national Ltd, a real estate develop- 
er, said Monday that an unidenti- 
fied bidder wanted to boy part of 
the company. There was specula- 
tion that the Chinese-controlled 
OTIC Pacific Ltd. was the poten- 
tial buyer. 

HKR provides recreational ser- 
vices for resid ential housing on 
Lantau island, a sparsely populat- 
ed area that is likely to be Hnfc«i 
with Haig Kong island and the 
Kowloon Peninsula if a controver- 
sial airport project is completed. 

Trading in HKR, its pare nt com - 
pany, Mingly Corp., and in OTIC 
Pacific was suspended Monday on 

fjteUgthc 

was the buyer in question. 

The fact that a Chinese company 
appears ready to buy into Lantau 
Island suggests that Beijing intends 
to see the airport project through, 
despite its protests about tne 
amount of debt China could inherit 
from the airport. 

Financing for the 'airport, the 
largest public works project in the. 
world because it involves bakfing 


an artificial island, has been the 
subject of conriderabJe bickering 
between Britain and China. Britain 
is to hand its colony bark to Hwna 
in 1997. 

The two countries have not yet 
agreed toa final plan to finance the 
approximately $203 billion cost, 
aim Chinese officials have said they 


the airport project an d dev elop- 
menlai Lantau Island. CTTIC also 
would be likely to posh far Lan- 
tau’s Discovery Bay to be included 
in the bridge-and-tunnel airport 
link to Hong Kong. 

Properties at Discovery Bay, one 
of the few developed areas an an 
island, which is larger than Haig 


Die tact that a Chinese company appears 
ready to buy into Lantau Island suggests that 
Beijing intends to see the airport project 
through. 


refuse to be responsible for any 
debt connected with the airport 
After lengthy and unproductive 
meetings with China on the subject, 
Hong Kong officials have gone 
ahead with the project without 
Beijing’s approval. If the project is 
completed, the land owned by 
HKR. an Lantau Island — now 
only accessible by ferry — is hkefy 
to soar in commercial value. , 
CmCs interest in HKR would 
be a commercial endorsement of 


Kong Island, have become keenly 
sought after by refugees from Hong 
Kong’s increasing crowds and dra- 
matic rises in property values. 

HKR International recently of- 
fered 104 units at the island for 
sale, and they were oversubscribed 
43 times. That suggests the compa- 
ny’s a ssets may look like good val- 
ue to OTIC Pacific, which, as an 
investor, has been willing to pay 
to p doll ar for quality properties. 

erne is an investment holding 


unit of China International Trust & 
Investment Corp. of Beijing. CI- 
TTC Pacific has interests in a re- 
gional airline, Hong Kong Dragon 
Airlines Lid, and other industrial 
and propety investments. 

HKR and Mingly said no new 
shares would be issued. They did 
not detail the size of any pending 
sale. (Reusers, Bloomberg) 

■ Boreacrais Get a Break 

China on Monday gave state 
workers a 44-bour work week, 
down from their usual 48, in es- 
sence allowing them Saturday af- 
ternoons off fa the first time since 
the communist takeover of 1949, 
Reuters reported from Beijing. 

The change, decreed by the Stale 
Council and reported by the offi- 
cial Xinhua news agency, follows 
last month’s adoption of China’s 
first nationwide mini mum- wage 
standards. 

Even at 44 hours, or five-and-a- 
half days, China's official work 
week is one of the world's longest, a 
relic of four decades of orthodox 
socialist labour management that 
gauged national prestige on steady 
production growth. 


NYSE 


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the closing on Wall Streat and bo not reflect 
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By Steven Bruil 

International Herald Tribune 

TOKYO — Japan's coalition 
government failed Monday to meet 
a self-imposed deadline for a com- 
promise economic stimulus plan, 
but it appeared set to reach an ac- 
cord Tuesday that would represent a 
victory by Socialist coalition mem- 
bers over the Ministry of Finance. 

Coalition leaders and Finance 
Ministry officials met all day Mon- 
day without reaching agreement on 
a tax proposal. The plan is the core 
of the economic pump-priming 
measures that Prime Minister Mor- 
ihiro Hosokawa wants to deliver 
when he meets President Bill Clin- 
ton in Washington on Friday. 

The coalition leaders, however, 
hinted that progress had been made 
and indicated a compromise put- 
ting off a tax increase would be 
within reach when discussions re- 
sumed Tuesday. 

“The gears are really beginning 
to mesh, tut we haven't yet reached 
an agreement,” Yuichi Ichikawa, 
secretary-general of Komefto. one 
of the coalition parties, said. 

The coalition has been in disar- 
ray since Thursday, when Mr. Ho- 
sokawa announced plans to impose 
a 7 percent value-added tax, start- 
ing in 1997, to finance 6 trillion yen 
($55 J3 billion) in income tax cuts 
over the next three years. Mr. Ho- 
sokawa qztickly retracted the plan 
after the Socialists, the coalition’s 
largest party, objected. 

The Socialists support cutting 
the income tax to help Japan's re- 
cession-bound economy, but they 
vehemently oppose the proposed 


offsetting rax. The Finance Minis- 
try has been equally adamant in 
demanding that the coalition even- 
tually raise the value-added tax to 
finance any cuts in the income tax. 

The likely compromise would 
scrap the so-called people's welfare 
tax and set up a committee that 
would have one year io agree on 
how the income-tax cut would be 
financed, according to Japanese 
media reports. That would buy 
time for the Socialists but mark a 
major loss of face for the Finance 
Ministry, which has urged that the 
issue be settled now. 

An agreement on Tuesday would 
come in time for the ministry to 
prepare a draft of its budget for the 
fiscal year that begins April 1 by 
Thursday, the day Mr. Hosokawa 
is io leave for Washington. 

Separately on Monday, the coali- 
tion approved a plan to raise taxes 
on liquor, adding an estimated 100 
billion yen to government revenue, 
Japanese media reported. 

Mr. Hosokawa needs the budget 
and the pump-priming package to 
demonstrate that Japan is doing its 
part to reduce its trade surplus with 
the United Slates. The stimulus 
measures are important because 
Tokyo and Washington re main at 
an impasse over the U.S. demand 
that Japan agree to “objective crite- 
ria" for measuring progress in the 
opening of its markets. 

That sense of crisis was deep- 
ened Monday when the govern- 
ment reported that Japan's current 
account surplus had swollen to a 
record $131.35 billion in 1993 from 
the previous record level of $11755 
billion in 1991 


Investor’s Asia 


Hong Kong 
Hang Seng- 


Singapore:-: 

StraKsTTroes 


Tokyo 

Nikkei 226 



O’ N’ D 3 F* ■ 

1993 1994 


's' d'k d j y 

1993 1994 


s' a -if o J 

1993 ' 1994 


Exchange ■ ' 

.index 

jMooday v Prav. . % 

Close . . Ctase .. Change 

Hong Kong ■ 

HangSeng 

11,414,20 72,157.90; .-6.fi 

Singapore 

Straits Times 

2^14.45 2,360.97 - -t.97 

Sydney 

ADOrdin^^, , 

2^81.10 2^32:80 -2.22 

Tokyo . 

b8M$u22? ; 

a), 014.40 20.301.43 -1.41 

Kuala Lurnptnr -Composite ■ 

' 1,094.02 1 1,14752 * "-4.K ■ 

Bangkok: ' 

‘SET 

■ifl44J1.. 1,44361 : 

Seoul 

Composite Stock 

914B8 ■ 942.60 -2.54- 

Taipei 

Weeded Price 

"dosed . ^ 

Manila 

Composite 

-1B90M ■ 2^65.38 ■ -251 

Jakarta 

' StocR totfex 

,1LA. '601.83 - • 

New Zealand 

NZSE-W 

2,36550 2,413.24 -1.98 

Bombay 

Nation^ index 

'1,982.11 1^94.61 i4.62. 

Sources. Revlers, AFP 

littematktful Ken Li Tribmw 

Very briefly: 


Japanese Bank Loans Slow 

Compiled tn Our Staff From Dispatches 

TOKYO — Japan's 1 1 major commercial banks reported on 
Monday their first year-on-year decline in monthly lending since 
data was first compiled in 1954. 

The Federation of Bankers Association said its members lent 
22116 trillion yen (SI.99 billion) in January, down 1.1 percent from 
December and 0.7 percent below the first month of 1993. The group 
attributed the decline to fewer business starts and lower capital 
investment. Deposits fdl to 175.52 trillion yen, down 05 percent 
from December and 0.4 percent from January 1993. 

Separately, Standard & Poor's Corp. said Japanese banks would 
adopt a gradual approach to writing off bad loans, with some taking 
up to a decade to clean up their balance sheets. “The fact that 
substantial write-offs will have to occur has already been factored 
into the ratings," the agency said. It warned that a long period of 
write-offs would pressure bank stocks and thus the entire Tokyo 
equity market, which would limit ihe ability of the banks to use 
hidden reserves to absorb problem loans. f Bloomberg, .AFX) 


• Shofchiro Toyoda, chair man of Toyota Motor Corp^ was named 
president of the Rddanren employers’ group, succeeding Gaishi Hiraiwa. 
The appointment must be approved by a general assembly May 27. 

■ Metro Pacific Corp., a subsidiary of the First Pacific Group of Hong 
Kong, is planning a pre-emptive rights offer to raise up to $3.7 billion to 
finance the acquisition of companies in the Philippines. It will sell 30 
million shares to staff under its employee stock opuon plan. 

■ Japanese investors bought a record $35 billion of foreign stocks in 
December, boosting net purchases in 1993 to a four-year high or $15.3 
billion, the Finance Ministry said. 

• Australia's retail trade volume fell 1.5 percent in December, to a 
seasonally adjusted 8.34 billion Australian dollars ($6 billion), from 8.47 
billion dollars the month before, the Australian Bureau of Statistics said. 

• Alcatel-CIT and Alcatel Cable Contracting, units of Alcatel Abthom, 
have won a 380 million franc ($64 million) fiber-optic cable order from 
Indonesia's slate-run PT Telekom. The cable will link Jakarta with the 
eastern islan d of Bah. 

• Northern Telecom Ltd. of Canada has signed a $6.1 million deal to 
install a 25.000-line switching system in the Vietnamese port of Hai- 
phong. Mitsui & Co. of Japan will arrange financing for the deal with 
Vietnam Post and Telecommunications. 

• Nissbo Itrai Corp-, the Japanese trading house will establish a $10 
million chemical-fertilizer joint venture with Vietnam's Southern Fertiliz- 
er Co. in Ho Chi Minfa City, a company spokeswoman said. The new 
company is owned 51 percent by Nissho Iwai and the remaining 49 
percent by the Vietnamese company. 

• China Airlines. Taiwan's flag carrier, is considering the sale of up to 
$200 milli on of convertible bonds overseas this year. 

• Yamazaki Baking Co. of Japan has agreed tobuy Me de France Corp-’s 
U.S. restaurant business for $20 million. 

• Ricoh Corp-, the Japanese office supplies and equipment maker, has 

entered into a joint venture with RPG Industries Ltd. of India for 
manufacturing and marketing fax and copier machines. RPG will have a 
34 percent stake and Ricoh 26 percent. The remaining 40 percent will be 
offered to the public. .4 FX. Reuters. AFP. Bloomberg 


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There are toxic chemicals ,iq our water. Such as oO. 

And pesticides. 

You might iliink iudusLT' is io blame. Bui they're only ! 

part of the problem. You and I, in our ev : ciyday lives, are also 
responsibTe'‘]K>r a treinendous amount of pottation.' 

However, we am all help protea our water. For example. 
use less toxic wsiisehold deaneri and praeriee namra). laivn , 

care by.composting and using fewer chemicals. And insread 
of pouring used motor oil onto the ground or into storm drains, 
simply, take it to a gasoline station’ where it can be recycled. • 

Thai wav we eaa rum this terrible tide around. And | 


•. restore, the beauty to our .water. 


CLEAN WATER. 


IF WE ALL DO A LITTLE, 
WE CAN DO A LOT. 

AC 

£51 -awe- oEPA 

pan .•'id (.ouitcil 

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INTERNATIONAL HERALD TRIBUNE, TUESDAY, FEBRUARY 8, 1994 


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MOSAIS 


ADVERTISEMENT F*b. 7, 1994 

INTERNATIONAL FUNDS 

I WDAMawvPHaFS— ) 19X31 


EVEREST CAPITAL (W) 2*3*9 
m Everest CoptRiintl UR — t 
FIDELITY INTT. IHV. SERVICES (LUX) I 

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FOKUS BANK A.S. 472431 SSI 

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FUND MARKETING GROUP (BID) 

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GARTMORE IHDOSUEZ FUNDS WOm 
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BOND PORTFOLIOS 

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d Gtd N.W. 1994, * *3900 

PREMI ER 5ELECT FUNDS 
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d Ask) Tiger Growth S 123490 

d Dollar Reserve — ■ » “joa 

d European Grawth * 

d European Enterprise * .*3000 

d Global Emerging Monets _s I0®00 

d Global Growtn— » 

d Nippon Enterprise * 'jew 

d Nippon Growth-— U *®00 

0 UK Growth * snm 

d Sterling Reserve — . * 

d North American warrant—; *3100 

d Greater Chino Oppj * 933W 

ITALFORTUNE IHTL. FUNDS 

iv Class A t Anar. Growth itoLW 790*7® 

w Class B (Global Eaultv) — S 11.94 

wOossC (Global Band) S 11® 

iv Clou D C Ecu Bondi Cat li.u 

JARDINE FLEMING, GPO B« 1M48 Hg Kg 

0 JF ASEAN Trust J “J* 

d JF For Host Wmt Tr S **£ 

d JF Global Corn.. Tr_ J U34 

d JF Hong Kong Trust 1 2“» 

d JF Jaoan sm. Co Tr Y *m® 

d JF Japan Trust — Y ,SB 2® 

d JF Matavsla Trust * *2 

d JFPocHtclnc.Tr. 3 1*« 

d JF Thailand Trust 3, 3U» 

JOHN GOVETT MANT (LOJAJ LTD 
TP<: 4*434 - 629*20 

wGavott Man. Futures.— L 1X73 

• Govett Mol Fut U5S 4 

w GavtH I Gear. Curr J IXB 

iv Govett Man. SwtknerFd— 3 1WB« 

JULIUS BAER GROUP 

d Baerband SF 

d Conber -SF 

d Eautbaer America 3 

d Eautbaer Europe 3F 

d SFR - BAER SF 

d Stodibar 3F 

SsSSSr- — 3F 

d Llaulboer — — — -3 

d Eurooe Band Fund Ecu 

d Ooltar Bond Fund S 

d Austro Bond Fond — A* 

d Swiss Bond Fund SF 

d DM Band Fund —DM 

d Convert Band Fund SF 

d Gtobai Band Fund — J>M 

d Euro Stock Fund .Ecu 

d US Stack Fund — S 

d Podflc Stock Fund » 

d Swiss Slock Fund fF 

0 special Swiss Stock SF 

d Japan Stock Fimd -Y 

0 German Stock Fima DM 

d Korean Stock Fund * 

d Swiss Franc Cash SF 

d DM Cash Fund —DM 

d ECU Cash Fund — -Ecu 

d Stertlne Cash Fund 1 

d Dollar Cash Fund 3 

d French Franc Cash— FF 
• Mutt todvbor Forex Fd_— 3 
KEY ASSET MANAGEMENT INC 

m Kdv Global Hedge 3 ms 

m Key Hedge Fund inc — 3 l£X 

m Key Hedge Investments — J i«3 

KIDDER. PEABODY 

b Chesapeake Fund LM 3 MA2 

bill Fund Ltd —5 10*3 

b Inti Guaranteed Fimd 3 mjA 

b StonehenooLW- — 3 1904 

LATIN AMERICAN SECURITIES 
Tel: London D7i«aiZI* 

dAraertliHcn invest Co SkovS so ? 

d Brad Hon invest Co Slaw— * 31J 

•Colombian Invest CO SloavJ a JU 


d Class B-! 3 18® 

DEUTSCHE MARK PORTFOLIO 

d Category A ■ DJJ JX7* 

d C a tmf Y B . ■ ■ -D^ >X43 

EUROPEAN BOND PORTFOLIO (DM) 

0 Class A- 1 > 

d Okas a-7 > 

ddossBl * 

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if run r * »*» HW0 

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d Class B-t — s two 

d Class n-T * 1935 

POUND STERLING PORTFOLIO 

dCoteaerrA 1 

d Category B I 1*31 

US DOLLAR PORTFOLIO 
d Category* 3 ]*£} 

d Catenary B S Uflt 

YEN PORTFOLIO 

d Category A. — Y 1» 

d Category B -Y 1*0 

MULTI CURRENCY BOND PTFL 

dClassA— S O® 

d cinf rl H * 7254 

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dOossA— * ’3* 

If • r y ™ ~| ff — A 10*9 

MERRILL LYNCH , ....... 

EQUITY / CONVERTIBLE SERIES 
BASIC VALUE PORTFOLIO 

0 Class A 3 1XW 

d ri wi 1 * * >**9 

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d Class A » 

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dCtassA— J JO" 

d C Kri * B * 107* 

GLOBAL EQUITY PORTFOLIO 
d Class A -* ’O” 

if rw.f w - * *** 

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0 ClassA — * J*® 

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LATIN AMERICA PORTFOLIO 

d Class A J 1M1 

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WORLD NATURAL RESOU RCE5 PTFL 

d Dari A » 

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DRAGON PORTFOLIO 
d Class a. * 1“ 

t now 0 * iw 

MERRILL LYNCH MEXICAN INC POUT 

d Mexlran IncS PJfl O A J HUB 

d Mexican Inc S Ptfl OB — % 1120 

d Markon Inc Peso Ptfl Cl a 3 1J12 

d Mexican Inc Peso Ptfl Cl B 3 IU* 

MOMENTUM A5SETMAHABRJ4ENT 

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m Momentum Rainbow Fd — J 13J29 

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• wntertunds-WUIereq Italy _JJt '797*00 

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MU LT IMA HABER MV. 

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w «J| A -* 141JS 

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NORIT CURRENCY FUND 

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‘OBEY ASSET MANAGEMENT LTD 
21 Grasvenor SUdn WIX 9FEAMW99 
d Oder Eurnrtmn l9tL7s 

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wOdev Europ Growth Inc — DM 17530 

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OLYMPIA CAPITAL INTL INC 
Wlltlams House. HamnmHMlL Bermuda 
Tel: SMM-WIB Fax: BOf 295-2305 

• Flnsburv Groun —3 2207 

wOlvmpio Securile SF — _—SF J77-® 

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' OPTIMA FUND MANAGEMENT^ 

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w Optimo EmercM Fd LM— 3 If® 

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PARIBAS-OROUP 

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OTHER FUNDS 

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• Brant Eur Pertn Inv W— Era 153*» 

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b mtnaral Futu re*— ... !°9*7* 

b Oottecst Global Fd General DM WMJ9 

b Ophpest Global Rx Income DM )7U*3 

d Pacific Nles Fund * 1R30 

w Pgrmal drtWkar Growth NV5 *873* 

t SetecHan Horizon FF 

b Tffctnlnr ftrionf * 5W* 

ROTHSCHILD ASSET MGMT (CJ1 LTD 
m Nemred Leveraged Hid — -S 97tm 

d Tokyo Pacific Hkka UM Jt 
SAFDIE CROUP/KEY ADVISORS LIB 
m Key Diversified Inc Fd LIO-S 1LS84W 

SAFRA REPUBLIC KOLDtHG 

• Republic GAM ; 

• Renublk GAM America—. S 

• Rbp GAM Em Mkts Gkbut JS 

• R«0 OAM Em Mkts Lot Am* 

• Repubuc GAM Eurooe SF-SF 

• Republic GAM Europe USSJ 

• Repubfic GAM Grwth CHF JF 

• Republic GAM Growth c_ _* 
w Rewublk GAM Growth USSJ 

• Republic GAM OiwtunitY 5 

• RenubUc GAM Pacific X 

• Republic Gmey Dal Inc — S 

• Republic Graev Ear Inc — DM 

• Republic Lot Am AHoc S 

w Republic Lot Am Argent — S 

• Renublk Lot Am Brazil — S 

• Rgpsbfic Lot Am Mexico— 3 

• Republic Lot Am Vertex. — J 

• Ren Sataman StratFd LM_S 

SANTANDER HEW WORLD INV. 
m Commander Fund S 

"ufiuVKXA ENSKILDA BANKER 
5- E-BAN KEN FUND 

a Euraaa Ire 3 1-JJ 

d Flarron Ostem Inc S J-J* 

d Global inc * J® 

d Lakamedel Inc * 1-19 

d Vender lac * l-JJ 

d Japan lnc_ -Y 

d Sverige Inc — Sek ll.V 

d Nontamertka Inc * *33 

d Teknotafi Inc — * . J-J J 

d Sverige Rantefond Inc Sefc HU) 

SKANDIFONDS . 

d Equity Inn Act J JJ® 

d Equity left Ine 3 l*M 

d Eaultv Gtobo* i 

0 Eaultv Not. Resources S 1^ 

d Equity Japra -Y 1™^ 

d Equity Nonflc 1 

d Equity ux — — * 

0 Equity Continental EuropeJ 121 

0 Equity Metmerrenem J 

0 Equttv North Anwrtoo } IX 

d Eaultv Far East —S M 

d Inrt Eroergtng Markets — S L* 

d Band inn Acc 1 

d Band mn Inc \ JA 

d Band Europe Acc * 

d Band Europe Inc * 

d Bond Swedm Acc Srt IU 

d Band Sweden Inc Sj* 113 

0 Bond DEM Acc DM U 

0 Bond DEM Inc DM M 

d Band Dollar US Acc 3 ]•* 

d Band Dollor US Inc 1 l-i 

0 Curr. US Dollar * 

d Curr. Swedklt Kronor fie k — 

SOCIETE GENE RALE GROUP 
SOGELUX FUND I5F) 

• SF Bondi A UJLA 

•SF Bands B Germany JM 

• SF Bomb C France FF 

• SF Bonds E GJ) — — i 

•SF Bonds F Jap* — Y 

• SF Bands G Europe to 

•SF Bomb H World Wide — S 

• SF Bonds JBetfwn-— — BF 

•SF Eft. K North America —8 
•SF Eq.LW£urat »e— — Era 

• SF EO.M Podflc BaNn— _Y 
•SF Ea P Growth Countries J 

• SF Eq. Q Gold Mines 3 

• SF Ea RWbrtdWWe S 

•SF Short Terms France — FF 

•SF Short Term T Eur. — —Era 

SOT) ITK ASSET MANAGEMENT INC. 

• SAM BRBn—— » 

• SAM Dhrarsltied— S 

•SAM/McGrar Hedue J 

•lAMOroarhmity f 

•SAM Strategy s 

m Alpha Sam — — — — — 3 

St^MKA HAHPE LS BAMKE H 3X. 
IMBdde la Pe*ruine,L-2J30 Luxembourg 

b shb Bond Fund— * 

• S vu iwfca Set Fd Amer 8H — S 




For expert advice on personal investing. 

For timely investment information, read The Money Report. 



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730 7 65* 7 — % 

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638 16ft 16 16ft _ 
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1977 46ft d(554 46ft 

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INTERNATIONAL HERALD TRIBUNE, TUESDAY, FEBRUARY 8, Jg94_ 



' T: 





77w /I ssoaated Press 

A month before the “March 
Madness " of the NCAA champi- 
onship tournament starts. Ken- 
tucky's coach, Rick Pitino, is giving 
his team a taste of what's to come. 

The seventh-ranked Wildcats 
started a tough seven-day stretch 


mil FGE BASKETBALL 


Sunday by beating No. 1 1 Massa- 
chusetts, 67-64. 

On Wednesday, Kentucky (18-3) 
will be at home to No. 6 Arkansas 
of the Southeastern Conference. 
On Saturday, the Wildcats wiD be 
at No. 15 Syracuse of the Big East 

Against theMinuteinen(17-4)of 
the Atlantic 10, Jared Prickett got 
17 points and 15 rebounds in the 
neutral-site game at East Ruther- 
ford, New Jersey. 

“I think Jared realized that if we 
didn't rebound, we wouldn't win." 
Pitino said. “We were fortunate to 
the win the game. I'm very proud of 
our guys and the way they executed 
down the stretch." 

Kentucky scored the game's final 
seven points. Lou Roe had 28 
points and 13 rebounds for Massa- 
chusetts, but did not get open for a 
shot in the last three minutes. 

But the Massachusetts' coach. 


John Calipari, who had been dis- 
traught over his team’s poor play, 
saw signs of progress. 

“It means I learned a lot about 
my team," Calipari said. “I learned 
that we’re a little bit better than I 
though L" 

. No. 3 Kansas 94, Nebraska 87: 
■Steve Woodberry scored 25 points 
as Kansas (20-3. 5-2 Kg Eight) be- 
came the first Division I team to 
win 20 games this season. Eric Piat- 
kowski had 26 for visiting Nebras- 
ka (12-6. 2-4). 

No. 8 Purdue 87, Iowa 78: Glenn 
Robinson, leading the Big Ten at 
28.5 points a game, scored 34 for 
host Purdue (18-3, 6-3). He got all 
of the Boilermakers’ points during 
a 13-4 run in the second half that 
stopped Iowa (9-9, 3-6). 

No. 9 Lotdsrifle 78, Vanderbilt 
62: Freshman guard DeJuan 
Wheat had 21 polrns and led an 


.. ■> .... v jt 

• '~jn 


Second Chance in France \ 

FamedQiantUly Track Spared, for Now 


By Ian Thomsen 

Imemarfona! Herald Tribune 


Because the decision was not unan- new a dbritfcr only six'." 

imous, it was pm off to a larger vote But they indude; 


early second-half spurt for Louis- 
ville (18-2). Billy McCaffrey made 


five 3-pointers and scored 21 fix 
visiting Vanderbilt (10-8). 

No. 18 Saint Louis 91, DePaul 
81: Erwin Gaggett scored 13 points 
in the first 10(4 minutes and fin- 
ished with 22 for host Saint Louis 
(18-1, 5-1 Great Midwest). Bran- 
don Cole had 14 for DePaul (13-6, 
2-5). 



imous,it was poton to , larger “ , v <£. Bus il*y 

BOULOGNE, Fraiioe The 

nldings gleam even on a clondy * 


buildings gleam even on a cloudy 
day. They were made of glass and 
metal ami designed to never appear 
old. But a short time after moving 
into the suburban office park here, 
the new French horse racing agea- 


de Diane, two Of wegraM»*«— 

titty -end into the grand, grassy ^.hTwnrid. To attend these races t 
dealing of the race coursejs > to ^ flowing from the - 

recode the nanve^mre of Ais “ Swiward as surely as the* 

spm itaL today, “’■g‘5 •" -1 mss by. ITU* .«“* ™ . 


cy was (tedding last month to shut 
down the most beautiful race track 

in the world. . 

“It is a beautiful trade," agrees 
Charles Le Term; secretary general 
of GIErGALOP. a recent conglom- 
eration of the three former raring 
societies of France. “In a way for . 
me it is very sad, because I love 
Chantilly. But we have to deridri 
Emotion and economy are not the 
gami* thing . The decision was made 
by our 12 members, like any man- 
ager or flhaTnFMn does every day." 

In return for a government-aid 
package of 700 million francs 
(SI 1 8.6 milli on) over five years, the 
raring societies promised to unify 
under one roof and shut down at 
least one of the nine Paris tracks to 

save money. The 12-member com- 
mittee decided unanimously to 
dose the trade at Maisons-Lamtte 
to the west of Paris in 1995. Then 
nine members voted to shut down 
Chantilly because of the 15 Bulli on 
francs needed for refurbtshmoats. 


biy SnUddUne /team 

Shaqrafie O’Neal, left, and the Magic ran out of tricks against Patrick Ewing and the Esakis. 


sport that, today, struggles as .a w If the track were" 

business. It has diflnged lutie m ^ the neighbor hood- 

more than 100 Jars. A 1830s ^^ icina In short mne.- 


green field, omm as they did last 7_5Q0 horses in Chantilly 

spring. In the eady days of the training cenrex city _ 

track, the infield SDedwith ‘towstouwwthom the- 

families dressed for Sunday. Mai^ Noob of these concerns were 

tied men sal with their wives m S^^^I*banaff,wbo, 


carriages drawn by torses. Single Costing the green with -. 

men wore top hats rode bors^ gfends XnheSded to hold a 

The children rode horses. In the ^^7^ was l 1 0 W thetrackbc®an. 
spring today the spertatora_tiy to the end of the century, the ■ 

dressj'wt as elegantly, but they donating the land to - 

orrra* in airtomrSnles. and manv nooiuiy was 


have never ndden a horse. . - . settled around iL 

The race track is a vast empty. The ereai stables opposite the giand- 


rnvaie, mausm«» - — . 

The race track is a vast empty. The great stalfeoM)OSim the ^and- 
fidd in winter, and at first the rally hem turned into a living . 

clues to its existmee are the white horses displayed in ; 

oval skeletons of fencing. As yob The grandstand has been . 

continue walking toward the cfaa- 1 jr~2r „ * ^ fontt in 1879 by - 


wuuuug w«i*»u6 — • r—. left just as-it was ouur m iai* 

teau, the sohm^^grandstand ap- ^ J famfid a^teci Duma, who ; 
pears to the right from faem na tnc then walked across the green and . 
bare woods. The 1 diatom, J®a» began renovating the chateau, 
came first, today dqjendsrooxito , tqtu t he poiiticiaiis and . 

track somewhat. A pofiahed 1 rebc tod to JK OTtadesi ■ 

overlooking its own garden of staj- T^^^tidamwwre sincere, 1 m 
ues and symmetrical ponds, it. is 

■ : : best if crowds can sdtt be heard .* 


pears to the right from behind the 
bare woods. The chateau; .winch 
came first, today depends upon the 


Spurs Bounce Nets 
To Win 7 Straight 


NFC Wins 

Pro Bowl 


SCOREBOARD 


NBA Standings 


The Associated Press 

“San Antonio Spurs" and “NBA 
elite" don't often appear in the 
same sentence, but that should 
change. 

The Spurs defeated the New Jer- 
sey Nets, 104-102, in overtime Sun- 
day night to complete a three-game 
road trip with three victories. San 
Antonio has a seven-game winning 


NBA HIGHLIGHTS 


streak, at present the longest in the 
National Basketball Association. 

With only one game left before 
the All-Star break, the Spurs are 
33-14 and only 114 games behind 
the Houston Rockets in the Mid- 
west Division. Only the Rockets, 
the Seattle SoperSonics, New York 
Knicks, Chicago Butts and Atlanta 
Hawks have a better record than 
San Antonio, and not by much. 

“I like what I am seeing with this 
team," center David Robinson sad. 
“We're growing up and m a t u rin g 
and craning on as a te am . Dennis 
Rodman has really helped. 1 feel this 
year we are eouipped to win. I didn't 
feel like that m the past" 

Robinson was key to San Anto- 
nio's victory, sinking two foul shots 
with 4.1 seconds left tomakeit 104- 
102. He then deflected the ensuing 
inbounds pass to prevent New Jer- 
sey from getting off a decent shot at 
(he end of overtime. 

Robinson played 51 minutes, 
and had 36 pom is and 12 rebounds. 
Rodman grabbed 20 rebounds; it 
was the 18th time he has had at 
least 20 in a game this season. 

Derrick Coleman led New Jersey 
with 28 points and 14 rebounds, 
but he fouled Robinson on a drive 


down the lane to put the San Anto- 
nio center on the line for the game- 
winning points. 

Suns 89, Buis 88: Chicago, play- 
ing in Phoenix for the first time 
sirwi> winning its third straight 
NBA title on John Paxson’s last- 
second 3-pointer last June, had an- 
other chance at a last-shot victory 
but closely guarded Scottie Pippen 
shot an airbali at the buzzer. 

Kevin Johnson, who missed 15 
of the last 16 games because of a 
lower-leg injury, led the Suns with 
22 points. 

Knicks 95, Made 77: In Madison 
Square Garden, Patrick Ewing got 
the better of Shaquille O’Neal as 
New York won for the seventh time 
in eight games. 

Ewing got 32 rxiints and nine 
rebounds; O’Neal had 22 and 13. 
Charles Oakley had 21 rebounds 
for New York. 

Rockets 101, Umberwolves 90: 


The Associated Press 

HONOLULU — Bobby Hd>ert, 
a late replacement for the injured 
Troy Aikman in the Pro Bowl, engi- 
neered two second-halT scoring 
drives that gave the National Foot- 
ball Conference a 17-3 victory over 
the American Conference. 

The Atlanta Falcons’ quarter- 
back completed four of six throws 
for 68 yards, one a 15-yard touch- 
down pass to Cris Carter of the 
Minnesota Vikings 1:19 into the 
final quarter Sunday. 

That followed a fumble recovery 


EASTERN CONFERENCE 


N«w York 

Orlando 

Miami 

New Jersey 

Boston 

Ptilladebihto 

Washington 


Atlanta 52 12 J27 

Chicago 32 13 - 711 

Cleveland 23 22 511 

Charlotte 22 23 ■*#> 

Indiana 21 23 xn 

Milwaukee 13 33 5S3 

Detroit '0 33 222 

WESTERN CONFERENCE 
Midwest Division 


W L 

Pet 

G8 

33 12 

J33 

— 

36 20 

565 

m 

22 22 

J00 

ion 

71 23 

.477 

ill* 

20 24 

MS 

IJVb 

19 26 

an 

14 

IS 38 

J33 

18 

1 Division 



32 12 

J27 

— 

32 13 

J11 

V4 

23 22 

511 

9V, 

22 23 

.489 

IBM 

21 33 

ATT 

11 

13 33 

233 

20 

10 35 

222 

22V, 


Son Antonio 21 (WAndennn, Robttwon. Del 
Negro 6). New Jersey 20 [iCAndenon 14). 
Minnesota 22 24 17 23— 90 

Hoodoo 30 32 13 St— 111 

M: Loottner 8-14 3-5 19, West 13-34 M 30: H: 
Thorpe 0-10 7-11 19, Ololuwan 1040 5-1021 Re- 
bound*— Minnesota 44 (Loettner 12). Houston 
59 [ CHa iowon 17. Thorne 17). Assists— Minneso- 
ta 10 (Wnnams I), Houston 21 (Elio 7). 
Dallas 19 30 30 30—89 

Denver 25 34 » 34-99 

D: Washburn 7-11 1-1 17, COmpSeO 4-1344 W. 
Dv: EUls 6-8 8-11 21. Rogers B-13 3-7 20. Re- 
bounds— Donas 7 (Smith. Drolling, Campbefl, 
Harris 61. Denver 67 iMutnmBo 14). Assists— 
Dallas 10 (Smith. Hedge JJ.Denvtr i? (Pack W). 
Utah IS 34 2D 31— 98 

I_A. Lakers 10 38 34 43-M7 

U: KJMalane 9-31 S* 23, Chambers 5-10 34 
13: LA; worthy 12-193-426, Jordon 9-129-1028. 
Rebounds— Utah 43 (KJUalaneM), Las Ange- 
les 66 (Dlvac 33). Aunts— Utah 21 (Stockton 
9). Los Angeles 33 (Dlvac 9). 


PadCtc Division 

Calgary 26 19 9 61 199 170 

Vancouver 26 25 2 34 m 1W 

Son Jose 18 24 11 47 140 69 

Anaheim 21 31 - 46 154 172 

Lao Anoeles 19 27 6 « i« 2B7 

Edmonton IS 32 8 38 170 198 

SUNDAY’S RESULTS 

Cbtaogo * * £2 

AlHihdlU 1 1 8 ~3 

First Period: A-Socco 7. C-Sni[fh4 (B. Sut- 
ler); C-Roentek 22 (Poulin); C-Mattwu 13 (EL 
Sutter. Smith). Second Period: A-Lonev W. 
Shots so goat: C Ion Hebert) 6-1*4— 3*. A (on 
Balfour) 13-12-6—48. 

Hartford 3 * 

Vfri i f ktf 1 ® V t 

First Period: H-Verboek 26 (Zotapskl) V- 
Courtnoll 18 (Running). Second Parted: H- 
Stnyth (Burt. Sanderson). Thbd Petted: V- 
Bur* 29 I Carson, Slegr) (pp); H-ltron 14. H- 
KronlT (on). Shots on god :H (onAAcLean)'U- 
11-9—34. V (an Burke) 139-7—24. 

Winnipeg > * •“* 

Edmonton * * 

First Ported: E-Kravthuk 9: E-Arnott 19 
( Kravchuk, Conan). Second Ported: W43ulr»- 
tal 6 (Eagles); E-Corson 22 (Byakhv Kite- 


61 199 170 
54 179 175 


18 24 11 47 14 145 

21 31 4 46 154 172 

19 27 6 44 195 2B7 


Major Cottage Scores 


by Chicago's Richard Dent at the 
AFC 19, after Minnesota's John 
Randle stripped the ball from War- 
ren Moon of the Houston Oileis. 

Andre Risen of the Falcons, who 
had six catches for 86 yards, was 
voted the game's most valuable 


Houston 

San Antonio 

Utah 

Denver 

Minnesota 

Dallas 


P NFC defense came up with 
four interceptions and two nimble 
recoveries. Chicago’s Donnell 
Woolford intercepted a pass by 
Boomer Eaiason of the New York 
Jets in the NFC end zone with 4:30 
left to ensure victory. 

Tight end Brent Jones of the San 
Francisco 49ers fractured his right 
ankle in the first half. He witt be 
able to begin working out again in 
six to right weeks, which means he 
should be ready of training camp. 

Some of the NFL’s big names 
missed the game because of inju- 
ries, iududmg quarterbacks Aik- 
man of Dallas, Joe Montana of 
Kansas Gty and Phil Simms of the 
New York Giants: running backs 
Emmitt Smith of Dallas ana Barry 
Sanders of Detroit; wide receivers 
Andre Reed of Buffalo and Sterling 
Sharpe of Green Bay, and defen- 
sive end Bruce Smith of Buffalo. 


In Houston, H a k ee m Olriuwon 
had 25 points and 17 rebounds, and 


Otis Thorpe added 19 points and 
17 rebounds against Minnesota. 

It was also announced that the 
trade that was to bring Sean Elliott 

from Detroit to Rockets had been 
voided when Elliott failed his phys- 
ical 


The Rockets’ coach, Rudy Tom- 


janovich, would not say what part 
of the physical Elliott had failed. 


and the Pistons president, Tom 
Wilson, said, “I don’t want to com- 
ment on that because it invades 
Sean's dement of privacy.’’ 

Wilson added: “But I can tell 
you that whatever the condition is, 
it doesn’t prevent him from play- 
rag" 


W L 

Pd 

GB 

33 11 

790 

— 

33 14 

.702 

IV, 

30 17 

A38 

4V, 

22 21 

409 

UVk 

14 38 

JIB 

19 

4 42 

m 

30 

Ic Division 



34 10 

773 

— 

30 14 

A82 

4 

26 19 

sn 

BVk 

2S 19 

J48 

9 

16 37 

jn 

17V» 

16 28 

J64 

18 

13 31 

295 

31 


Scott Is 34 18 J73 — 

Pltoonlx 30 14 982 4 

Portland 26 19 -STS B»S 

Golden State 2S 19 J6B 9 

ULCIlPPOrs 16 27 -272 17V» 

L-A. Lakers 16 38 J6« 18 

So u a m en ta 13 2' -295 21 

SUNDAY'S RESULTS 
Oriamio 17 26 W U-tf 

Now York 21 21 25 *— 9S 

O: O’Neal 7-14 8-11 22, Hardawav4-l2*-7l3f 
NY: Ewing 15-21 2-2 32. Stark* 6-16 3-4 11 
Reboaed*— Orlando 47 iffNeal 13), New York 
69 (Oakley 2U. Assists— Orlando 18 
(Hordawav S), New York 26 (Stalks 9). 
Widen State 38 34 36 28— W* 

Washington 31 M 38 7— 84 

G! OWOIB 10-16 W 2B. wetttr 13-1S 2-4 3k 
Sorewell 9-28 3-3 23; W: Gueltafta 8-l« 1-6 IB. 
Cneaney 9-24 1-4 19. Redo und * G olden State 
56(Weboerl2).wwtilna)wi5l (Guenatta 10). 
AssMs— Golden Slate 27 i Johnson 8). Wash- 
ington 17 (Adams 8i. 

Chicago 19 II 21 17-88 

Phoenix 32 19 22 16-89 

C: Gnmt 5-18 M 16. Pipoen 8-2Z 8-12 26; P: 
Ceballos 9-14 1-219, Kjahnson 8-16 4-7 ZL Re- 
bounds— Cnlcago 33 [ Grant T21, Phoenix 57 
(Green 12). AMHta-Chlcogg 23 IPteoea & 
Kukoe 5), Pnoeni* 26 iMalerie 81. 

Son Antonio 18 34 V 21 11—181 

New Jersey 24 18 34 23 9— 1M 

S: W Anderson 7-174-5 IE RnWnson 1Z-2S It 
1£ 36. Nj; Cdeman 1l-l84-521lLAfideTsgn9- 
787-926. Refcoands—Son Antonio 57 (Rodnnm 
20). Now Jersey 49 ICdeman 14). Assists— 


Duquesne 88. Rutaors 71 
Kentucky 67, Massachusetts 64 
Florida St. 100. Virginia 44 
LotHivUle 78, VanderWIt 62 
Notre Dame 88. Georgia 85 
Buller 69. Lavola. ilL 48 
Evansville 91. Detroit Merer 86 
Kansas 94. Netaraslia 87 
Purdue 87, Iowa 78 
St. Louis 91. DePaul 81 
Baylor 88, Southern Meth. 78 


PEBBLE BEACH 

Scores from SUE ibRBob NatJaiial Pro-Anv 

on A799W8 (fc*8MBttart. g*r« PeMU* 
Beach GoH Links to CaDfonte: 

Johnny MIDor. UA 46-72-0-74— 381 
Jett Moggart UA 6MWW0-3B2 
Corny Ravin. UA 68-7I-7V71— 382 . 

Kirk Triplett UA UA »7*47-72— 282 • 
Tom WDtSOfL UA 4M7-72-74— 382 
Tom Lehman, UA 49-48-73-73— ®3 
Keith Ctoorwatar, U A 70-7BTI-73-284 

Ted Tryta UA 70-70-7074—284 - 

Blaine MeCaffletar. UA 48-7W073-2M 
Jay Deislng. U A 6O75-7073-2B4 
Dudley Hart UA 407W1W8-4M 


zazz aaiiigtMit : 

; * ■« taking, and ^y came up W^*e, 

Edmegtan „ » 1 * tan money. Now tfac track at Deauville * 

Hr»t Period: fr* aw** J JfggJ i, Emes. Hunyodv. Austriq.2 mi miie«._7.i3 talking about an arrangement 1 

taTT^s): ^eona t^ v gw- ttke^ tiSrihaps this ; 

chu t‘’ 4NorncoMwiekata.jap«i.2d*a7iSiUi»ike newway ai operating horse tracks. ( 

V* ned*** <* ^ Son4t6 

E 7 ' wl ^ - n 68 t!! l ! Hlft Ewema, Austria, z; ri44 j », d’Encouragcmcni, a suboemmutteft - 

OTtelll. Essmwo. E, WmtanL Uudmlto Prokwheva. of GIErGALOP, Voted late iBSV^ 

? ! LJ KL-Borbaro de Loot, Netherlands, 2J13M » fa-- rhimtahTe 


chmtrmg . Ilje race course recreates * 
that feding every spring. As for die . 
the horsemen, they cannot bear | 
watching. the destruction, of their ] 
tiwnpift Within five di ^^t h eloral ■ 

(f!S^««.Mbcte Lo- 
caJe (SEML), vrindi prixmsed an - 
Mtiai lS'mOlion frames to save ■ 
Chantifly. .The Aga Khan and , 
ghmirii Mdanmae d ibn Rashid al ■ 
Maktopm, the United Arab Emir- ) 
ales' defenap minister, who. is a nut - , 
jor owner of race horse, have ex- • 
pressed an interest' in inwaai iig : in \ 
- the course, according to LeTertre, i 
the head of the raring agency- j 
“So it was good that we bad this ■ 

' V a TLn» Mi tnMl'.IlH tm I 


voter Le Tcrtre ^ays tom hi* top i 
floor office. “It got people started J 


1. Emm Hunyodv. Austria 2 mlmrt*s. 7.13 
ncandsi Z MHcaaio Oasariu. Romania, 


PUftodl E-Amott 20* Shofl on flNMf* W ■ nlir>wi¥ Tuwjgz 7 iAlfr LUlllll 0, JflDflfli 

OTtelll. Essmwx E, RortonL Uudmlla Prokaihova. Kazakhstan, 2.-13XU 

y*?. ? " r~, llLAortxjre da Loot. Nothortands, LUR 

noMt ; . r.. . . uaa 

- I.Hwiyody, 1^186 ;X,Prk»Jng«r.8U)4J7j* 

PrnkoNwva. ***37; 4, Monokuta. Wa54;* 
Hull); p-Bomesn (EoUgnol.Swws oii gow . b u-haw . ..«*» a D ascalu. 8:88*2) r, Hoflto 
HLrri-W.GoaUQ^-B, wondgaa. «- Admra, 

F. FiliMili K*. . _ . . I'HBi y.Tarabora, 1:73112; Ml A ntoL 8:1077. 


NHL Standings 


toOlttwra Of t hfl 

11J9 ; a Emm AntaL Austria, 2:1245) f. dUncouragemeni, a sabetamnatte^ - 
lodmlta Prokwhova. Kamkltaton, 2^1 Kj gf GI&C0WLOP,' VOted late last} 
LBorbara do Laor.^Nmtwriands. kom. ^ to tnpQoriBt* 

i,Hunyady,8^2M;2,Prte9ina«r.aaH77)e alive. The SEML has vowed that 


N.Y. Rangers 
Now Jersey 
Florida 
Washington 
PhiiadotPhta 
N.Y. Islanders 
Tampa Bov 


EASTERN CONFERENCE 
Alhmtfc Division 

W L T PIS OF BA 
inaers 34 13 4 72 189 132 

rsey 29 17 5 64 189 145 

19 18 56 158 140 

3 4 52 149 156 


N.Y. Islanders • W 

lotfalo ■■ ■ 13 0 -^ 

5 !? 0 ?S_ n a ^' t W Ts 1 8(1481; A Urtwra, 188^0; 7, Antal. 112073 (A 

Khmytav) Tonih9fv.1B2.T7i; 9, PTakaNww, 112317; 10, 

|gy)j B-Awtatta IS (Svotarto. Hmfc). ThW (nortd ijm. cwoda, 184.139. 


erated ^ ca^the GI&. 

, . . . lias; 9, Tonsboroi. 1:7340; ia Antal. 8:U77, GAIXJP nwnc^ Bui thcre lSjStffl'_ 

’ ' ^ the matter 124-miDiGnrfraiic 

(May) (ppI- (Vfink antirinated bv. Frendt rac- 


deficit anticipated, by Frcndirac- 
ingthky^andthelt^diatmore 
and more customers are being lost 
as the national. lotteries grow in> 
popularity. . •’ 

The tradk in Mauops-La ffitte is' * 
proof <rf the dinrimdimg fortime*' 
of French courses; There is a cha- 
teau nearby, bu t out of right The 1 
track’s proorimitylo die river Srino * 
has mart* 1 the going heavy, and ity- 


34 25 3 51 187 19i 

19 25 « 44 173 179 


Poftad: N.Y^Kurwi 4 (MclrmU. Omni. 
Shots OR goal: N.Y. 11-11-18HB. B 9-1 1-3—21 
Gaatlss— N.Y» HoxtalL A Hasak. 

SaniaM t J *-* 

Dallas 1 8 8—1 

First Pwtad: SJ^Gaudroau 11 OtTahiwi 14 


DAVIS CUP 

Iroa 1 Saadi Arahla 3: M)4iommad Row 


Narthaost DMsian 
Pittsburgh 34 15 11 41 191 IK 

MOfltroal 27 1* 8 62 177 153 

Boston 26 18 9 61 778 182 

Buffalo 26 22 5 57 177 142 

QuObac 21 27 5 47 174 185 

Hartford 19 30 6 44 H8 188 

Ottawa 9 40 7 25 141 255 

WESTERN CONFERENCE 
Control Division 

W L T Pts ®F OA 
Toronto 28 IS 11 47 184 153 

Detroit 30 17 5 65 231 179 

Dallas 28 20 7 53 192 179 

St. Louis 27 19 B 52 172 176 

Chicago 25 21 6 55 156 147 

WlnrrioM 17 31 7 41 141 230 


HriTfvnzo^wuanwiwwwn. - {f«| 3. SOWfl ATOMO K MUlWiaiHW 

(KlatL Lodvard) (pg). Baeond FirtodsSJr TOvakolL Irtm, dal- Oltanon Al AnoiL SmII 
Goudroou 11 (WhthtoV.Morv); SJ^Mokarov ^ ^ w . zuHfqar Ahmad, Sdudl 

ii ri AFtimiv. nmlfivih] fnaliSJ^O ulBiftiU 3 — — ■- n. .. iiwi ifmi TLA fW-Al. H 


GoutJrtau n iwvmnoy.MDTvi/ Aioblq 7-4 6-4 M; ZuMoar Anmoa mm 

lSILnrtoncv.Ozoltrah) (srtiW/OuBitaU Arabia (tat Ramhi Razlmil, Iron 7-4 0-61,6-4. 
(sh).TMrd Ported: &X-eUh 11 (Pd loan, Pt- p^ru s, Motdca 2: (NTVir PaniendaL Mmd- 
dirsan);7,SigiJoBoB<ilcor4(Mars.RoWg); oLdaLjalmt Y3BBAP«r«i44ld*fBut)i LuM 


65 231 179 
63 192 179 
62 172 176 
5* 156 147 
41 161 230 


INTERNATIONAL FRIINDLY 
Saudi Arabia 1, Cotantala 1 

ITALIAN FIRST DIVISION 
AS Roma 0. AC MHoa 2 

SPANISH FIRST DIVISION 
Bares Iona % Athletic de Bilbao 1 


Uruguay S, COM a: marano rums,*. „ . . ... — 

Juan Flno, 6* W (7-4>i Diego Pmvs, del. thchOTSCS. On ItS OWH terms, It IS a 

ftto-io Tonarax. 6-i, 6-4. mtiqucpark, green and private. But*! 

Cm * tiare is a noisy factory next door: 

deL Karl Hate, M. M» DanW Nestor, deL r . i-^»T mavnr’e /yffirw 


Nicholas Malcolm. 64 64. - - -• 

VononMia 4. Paraguay is Jimmy *xr- 


Only the local mayor's office 
fought far its survival No one' 


VonoMla 4. P m w ar i: jimmy w joagnt IQr US SUravaL .no one 

knowswhac witt became of (he land 
when tbc hones are taken away. 


DENNIS THE MENACE 


PEANUTS 


CALVIN AND HOBBES 


T rrn 


f I SUE55 i 
LEAD KIND 
OF A SIMPLE 
V LIFE., y 



f Birr YOU KNOW 
WHAT I NEVER HAVE 
TO WORRY ABOUT? . 


/LEAVING MY 
KEYS IN 
\THE CAR.. J 





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/I / poa'ioo 


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ALLTWANOIHE SUSPEHSE IS KILLING /«!• 



US never been easier 
to subscribe and v*e. 

Judeafltoll-frw. 

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JpPjJl U*Y+Sj0' 


By Jere Long man 

New TotS. Tuna Soviet 


L^fflAMMER, Norway - After il 
Dntfas of beans trannwl . . . 


ians in Lillehammer, Death Remains Their Companion 





~“rir*h Jgor noras mougttt be 

“ Sangevo. By the S he 

arrived at the Otynnwc*. tt» hmM4m^» l.j 
caught up to ten. 


j* i t£2« 

bodies flacked where bread and macaroni and 
bwM had owe been m.Sarajevo's central mar- 
Sixty-oglu were dead, some 200 wounded 
by a mortar attack. A prosthesis lay on the 
ground, attached l to a boot but no longer to a 
person. Boras aid sot want to see any more. 

HecouMhawe been in that market on Satur- 
day, rf a UN plane had not whisked him away a 
(fay jariier to b^ Ms preparations fctrbob- 
skdduig at the Winter Games. Boras said he 


lived in a Catholic seminary, only 100 meters 
away from the market where people canw to 
% food and trade clothes. The sexnmaxy was 
safer than his parents* home, and he could 
count on clectndty and extra food for his 
mother. .. 

-“I couldn't stop crying,” Boras was saying 
now in the Olympic athletes’ village, sitting on a 
couch, kgs crossed, bade in front of a televi- 
sion, Ms eyes now diy -and bdBow. On the 
screen, the carnage had its own logo — Tenor 
in -Sarajevo : — : and theme mnae “life Is so 
cheap , now, worth the price of one bnllet,” 
Boras said. 

Hc did not know for sure,' but his parents 
would not likely- have been at the market His 
mother is an English teacher, his father a retired 
cryil engineer. There was no hope of calling 
home to find out if they were safe. Boras said. 
The phone lines had boss cut a long' time ago. 


“I am worried about my girlfriend,” Boras 
said. 

He is 26, a Croat tall and pale, with the 
dipped haircut of incarceration. He is buQt like 
a basketball player now instead of a thick, 
miiOTilgr bobdedder. He has lost IS pounds (8 
kilos) in the last year. The Olympics are not for 
winning, just for proving that be is stiU alive. 

“Life is made of small things, and this small 
tiring is very important for Sangevo," Boras 
said. “I want to be here to show people that we 
are not savages, that we are normal, and to 
draw people that we stiU betieve in our coun- 
try” 

There are eight others here with him cm the 
Bosnia-Hazegovina Olympic team — three 
Serbs, two Croats and four Muslims — athletes 
living and training together when their wbde 
country has blown apart. 

“People don't understand — about 85 per- 


cent of Muslims and Serbs and Croats want to 
hvc together in peace,” said Nizar Zaciragic. 
another member of the bobsled team. 

Zaciragic left Sarajevo cm Jan. 25. making his 
way to the airport in an armored personnel 
carrier. Here in Norway, he said, he is eating 
only once a day because the food is too rich 
after a diet of bread and wans- at home. He sat 
with Boras in the Olympic village on Sunday, 
watching the bloody stack of bodies on televi- 
sion, leaning forward in his chair, mouth agape, 
his thick hands clenched, wondering why some- 
one will not stop the fighting, Disgusted, he 
blamed President Bin Qhuon of the United 
States and President Francois Mitterrand of 
France and Prime Minister John Major of Brit- 
ain for their inaction. He mentioned their 
names and the words came out as if be were 
spitting. 

“One serious phone call could stop this war,” 


Zaciragic said. “Clinton and Mitterrand and 
Major, they are drinking whiskey and eating 
steaks andp laying golf. They don’t care. They 
are dolls. There is some great eminence pulling 
their strings b ehin d a curtain.'' 

The nine Bosnian athletes will march in Sat- 
urday’s opening ceremony at the Olympics, 
walking behind the Bosnian flag with its field of 
white and its crest bearing a silver slash and 
golden lilies. Zaciragic said he felt more numb 
than proud. 

“I L’s a strange feeling, like I had an operation 
on my body and they used an anesthetic,” he 
said. 

Verona Maijanovic, a 20-year-old luger, the 
daughter of a Serbian father and Croatian 
mother, said she Felt selfish and guilty. She has 
been out of Sarajevo exactly one year. On 
Friday, she spoke 10 her father and mother and 
sister For the first time since she left. Two 


minutes on a satellite call, enough time only to 
find out that they were safe and the bouse was 
still standing. 

“fin ashamed to be here." Maijanovic said, 
adding: ”1 left all these people and they are 
getting killed, and I'm here just to do sports. If 
you live in Sarajevo, you don't know what it is 
to be free. If you're not in Sarajevo, you don't 
have to worry about food, you don’t have to 
worry about getting killed while you sleep, you 
don't have to worry about drinking a cup of 
coffee in a caffc." 

What happens after the Games? Will Bos- 
nia's athletes go home? These are questions 
Boras asks himself over and over, and still he 
has no answers. 

“The only wish of my mother is that I get out 
and stay out.” be said his voice halting. “She 
doesn't want me to come home. She wants me 
to be safe." 




Vrijt, 


Jordan Gets Wish: 

A Baseball Contract 

■ The Associated Pros 

» Jonh®, ihe retired star of the National 

. Basketball Association, agreed Monday .to a- minor-league baseball 
contract with the rngor leagues* Chicago White Sox and will go to 

spring n aming . . ■ 

Jt*daiifr31, fielded questions after fielding pop-ups and grotmdera 
in from trf. about 200 reporters, photographers and camera operators 
al a arm near Cantiskey Park in his first weak out in front of media. 
Zfeaiso entered the batting cage to hit some soft pitches from a 
. White Sox scout and then some harder throws from a college playen 
“Tve never been afraid to fad,” Jordan said “That’s something 


,_asaperson 

to accept f ailing . But L can’t accept not fayin g * 

Jordan agreed to a contract with the Nashville Sounds, the White 
Sax affiliate in the Class AAA American Association. Jordan said he 

• is willing to go to the mmors if Ihe White Snr think h* ran maV^ if tn 
‘ the majors. He said he will tty to malm the major league chib this 
spring, 

“Hefll have to earn it, nothing’s faring tn bn prosi tn Him," grid d ie 
While Sox generalmanager, Ron Sdmder. We’re going to go north 
with the best 25” 

Sdnider said Jordan will need a lot of work in Sarasota, Florida, 
ate of the dab’s camp* and added: “He’s gaing to have some sore 
hands for a couple of weeks." ' 

Jordan’s efforts to play baseball with the White Sox became 
serious last month, even though he hasn't played baseball since high 
school He has been taking baiting practice from Schuder, a former 
major league pitcher. 

Both Sdroeaer and the team’s manager, Gene Lament, have said 
; that Jordan’s hitting has progressed, but both have also said that it’s 
'a onc-in-a- inillr on chance for him to make a major league team, 
despite his athletic abtHties. - 

' Jordan has said that playing baseball was something his father, 
who was murdered last summer, always wanted him todo. 



Kerrigan Attack: 
Publicists’ Dream, 
Moralists’ Horror 


Guy Hcnbera/Rnttn 


* 


U.S. Skater’s Brother 

. *. • , t . . # 1 . 1 . • 

Arraigned for Murder 


W-3 


The Associated Press- ' 

LORAIN, Ohio — The brother of 
UB. Olympic ice dancer Efizhbetix 
Punsalan pleaded not guilty Monday 
U> a charge of aggravated murder in the 
stabbing death of his father. . . 

Ricardo Pmsalan, 20, waived his 
right to a prdiminaiy hearing and Lo- 
rain Municipal Judge Gustmo Nunez 
turned the case over .to the Lorain 
County grand jury. He ordered Punsa- 
lan held without bond. . 

. Punsalan was allowed to meet briefly 

wjlh 'family members before the hear- 
ing, court officials said. 

He was arrested after his mother and 

a brother found Dr. Ernesto R. Punsa- 
bn, 57, stabbed in his bed. 

An autopsy showed Punsalan died of 
blood loss, Lorain County Coroner 
Paul Matos said. One wound, in the 
chest, had jrieroed the heart, and one in 
the upper abdomen had pierced the 
stomaco, Matos said. 

Officials would not comment on a 
motive • 

The UJS. Olympic Committee said 
EEzabeih Punsalan and her husband 
and partner. Jerod Swallow, were to 
arrive in Norway with the other UB. 
skaters on Thursday. 

Punsalan, in a statcnxnl Issued care- 
er, said she would compete ax the 
Games in tribute to her father. He was 
stabbed Friday night in the family’s 
home in Sheffield Lake, 20 xnfles (32 
kikimeters) west of Geydand. 

“My father was _ 
achievements *nd would have 


meto^<mroLiBehammer,” rite said. 
“1 win try to skate my very best there in 
his memory.” 

Punsalan, 23, and SwaBow, 27, won 
:~tisefce^danciMa»q>etitinnJi^7alto 
U.Sl Figure Stating Championships in 
Detroit They had married m September 
and Eve in Pontiac, Madman. 

• Ricardo Punsalan had been released 
on a weekend pass from the psychiatric 
mat at SL Joseph Hospital and Health 
Center, in Lorain on Friday afternoon, 

- said the Reverend John J. McCaffrey 
of SL Thomas Catholic Church. 

The elder Punsalan. a general sur- 
geon, was aware of his sours problems 
but didn’t want to commit him to a 
long-term cent e r, said a family friend. 
Dr. P&resh Paid, a colleague at EMH 
Regional Medical Center m Elyria. 

Elizabeth Ponsaian i prid her brother 
bad been receiving -treatment for psy- 
rfw*w»oil , Twr)Wcxns and drag addiction. - 
Tocchi, a neighbor and 
1, - sakl Ricardo Punsalan 
and his father never fought- “I never 
heard Dr. Punsalan raise Ms voice to 
any of his kids or Mt them,” he said. 

Tocchi said he also was aware of 
Ricardo Punsalan’s medication switch. 

“1 know he was on Prozac at one 
time and that he just was switched over 
to some other medication a short time 
ago,” Tocchi said. “But I don’t know 
what he is taking now or what he was 
switched over from.” 

Prozac is an anti-depressant 
used in combating depression 
mental illness. 


World quint champion Dan Jansen of the United States just missed breaking the the lJMO-meter record Monday in a time trial 

Jansen Gives 
Warning: Just 
Misses Mark 

Reuters 

HAMAR, Norway — World 

Jansen sent** 5$ rivals a warning 
Monday when he just missed 
breaking the world 1,000-meter re- 
cord in a time iriaL 
The U.S. skater sizzled round the 
trade in a personal best of 1 minute, 
12.40 seconds, 0.14 seconds inside 
the world mark set by Canada's 
Kevin Scott last December. 

The trial was not timed electroni- 
cally but by stopwatch, which Jan- 
sen s coach, Peter Mueller, said was 
usually 0.2 seconds too fast. 

The corrected time would be 
about 1:1260. 

“That’s good enough. Well take 
it,” said a smiling Mueller. “It’s the 
first time he's ever been below 1 
minute 13 seconds,” 

Jansen, who has raced in three 
Olympics but never won a medal, 
also finish ed first in a 500-meter 
trial recording 35.90. He set the 
world record of 35.76 last month in 
Calgary. 

The trials were designed to give 
skaters the chance to get used to the 
super-fast rink at Hamar. 

Russia's Sergei KJevchcnia and 
Alexander Golubev finished sec- 
ond and third behind Jansen, in 
3620 and 36.30, respectively. 

“That's not bad at an, it’s totaDy 
satisfactory for a time trial" said 
the Russian coach, Boris Vasilovsky. 



Galmdl BohjVAjokc F c mcg- P i tp c 

Flags flew as a skier trained on the ooss-cotmtiy course, but the crowds were yet to crane. 




SIDELINES 


. New York Times Service 

PEBBLE BEACH, California — 
There is always something of a 
vaguely mystic" qualit y to the golf 

But old Pebble Beach has never 


Lewis to 

npw vnRKr /API — A arbitrator has ruled that Le nn ox Lewis can 

NO. rcmtmdg M Jacbcn. 
sometime in May. instead of against No. 1 Oliver McCaH, promoter Dan 

D ^AfiS d a L^Si^Kler r— 

WBA ruled Hotofieki most defend theur titles against MIchad EMterer been as mysterious and dreamlike 
on April 22 we wanted Lewis to fight Jackson, but the WBC refused to M&mdaywbe^ontof the mists of 

^MSi^S^SSajpointed by the American Alteration Assocbr . 

to ^ M jtodP q-Aa. 

# ... 

NHL’s Lemieux PbndersReUr ement 

‘ PITTSBURGH (AP) — A discouraged Mario J3ervcs and be beat Tom Watsrai 

retire if his chronic back problems prevent him frera returning to the . down the stnrfch f or his first toor- 

^ioin Ihe Hasbmgh PcngriM forFrida ys 

settadt dmfflg » 

SSssss®: 

rttirement “mis summer. 


Miller Comes From Far Back, 1987, to Win at Pebble Beach 


nament victory since he won at 
Pebble Beach seven years ago. 

“That didn’t really happen,” said 
Miller, whose final-round 74 gave 
him a total of 7-uuder-par 28 1 , one 
stroke better than Watson and 
three other players — Jeff Maggert, 
Corey Pavin and Kirk Triplett — 
who never really threatened. “It 
was a mirage. It was weird, like the 
whole thing wasn’t happening. I 
had this strange sense of calm.” 
He was the only one who did. 
Far the other players on the rainy, 
windy and cold day, nerves were as 
jagged as the Monterey Peninsula's 
coastline. 


Watson collapsed down the 
stretch, three-putting both the 16th 
and 17th boles to fall out of the 
lead. He finished with a 74 when 
his birdie attempt the 18th hole 
stopped short, dead on line. 

Dudley Hart, the third-round 
leader who began the day at 10 
under par, ran afoul of that most 
scenic and most deadly portion of 
Pebble Beach — the eighth, ninth 


and 10th holes that are sometimes 
called Carmel Hdl He bogeyed 
them aD and finished with a 78 that 
dropped him into a tie for seventh. 

Miller did not three-putt a bole 
all day, a fact that is remarkable, 
given his ongoing battles with the 

^HIs putting got so bad that it 
drove hhn from the PGA Tour af- 
ter his 1987 victory. 


New York Times Sorter 

Before Tonya Harding’s life went 
from hard times to television's tab- 
loid “Hard Copy,” before Nancy 
Kerrigan became America's victim- 
ized sweetheart and her attackers 
became America's most wanted, 
these Winter Olympics figured to be 
a placid gathering in UUehammer, 
Norway, of familiar participants 
and redundant accomplishment. 

Only two years have passed since 
the last Winter Games, in Albert- 
ville, France. Many athletes have 
remained in training, not having to 
shelve their Olympic hopes for the 
customary four-year wait. 

Bonnie Blair and Alberto Tomba 
are bade hoping to win their fourth 
and fifth gold medals; Dan Jansen 
is back, too. still hoping to win his 
first. The idea behind this Olympic 
restructuring, the separating of the 
Winter Games from the shadow of 
the Summer Games, was partly to 
give the smaller, quaint Winter 
Olympics their own identity. Now 
they have one. The wrong one. 

The stories of Blair. Jansen and 
Tomba as well as the return to 
ic figure skating of gold 
lists Brian Boitano. Katerina 
Win and Torvill and Dean have 
been overwhelmed by the Jan. 6 
dubbing attack on Kerrigan. 

It is a story unlike any other that 
has contravened the tattered Olym- 
pic spirit of fair play and sports- 
manship, the specter of one ath- 
lete’s associates attempting to 
incapadtate another athlete for 
competitive and financial gain. 

Even as Juan Antonio Samar* 
anch. president of the International 
Olympic Committee, continues to 
call for a mice from the fighting in 
Bosnia during the Games, be can- 
not guarantee peace in the genteel 
world of figure skating. 

“It takes us down to the wres- 
tling league," said Gain; Ferguson, 
president of the U.S. Figure Skat- 
ing Association. “That’s too bad." 

[Harding's lawyers issued a 
statement Monday, The Associated 
Press reported. It’said: 

[Tonya Harding is concentrating 
ot her preparation for the Olympics 
and working with her attorneys on a 
response to the request of the 
USFSA We stress that in its state- 
ment the USFSA does not conclude 
that Ms. Harding has in any way 
been involved in any wrongdoing or 
in any way violated its code of eth- 
ics. Ms. Harding will respond to 
this request in compliance with the 
bylaws and rules of the USFSAJ 

But in an odd, even perverse 
way, this is the best thing that ever 
happened to figure skating. The 
sport has gone from the sports page 
10 the front page. 

Tbe women's competition in 
Norway, CBS officials say, may 
provide tbe highest rating ever for 
an Olympic program. Some televi- 
sion executives are even talking Su- 
per Bowl ratings numbers. 

“I don't think anything could 
have done more for figure skating 
than this," said Tom Collins, a 
skating tour promoter from Minne- 
apolis. “It's loo bad it had to hap- 
pen this way. But it has." 

Michael Rosenberg, an agent 
from Palm Springs, California, who 
once represented Harding, said: 
“This has got all the dements or 
soap opera, Shakespeare and fairy 
tales. You’ve got a villain, you've got 
a heroine who lodes like Snow 
White, and you’ve got this incredible 
drama. The kingdom is at stake.” 

Kerrigan has become the most 
visible, sympathetic female athlete 
in the world. Two years ago. ner- 


vous painfully inarticulate, she 
struggled to answer simple ques- 
tions put to her at news conferences. 

Eleven months ago. at the world 
championships in Prague, she skat- 
ed a disastrous lone program, fin- 
ished fifth and was" caught by tbe 
television cameras saying “1 just 
want to die" as she 'awaited her 
scores in tbe kiss-and-cry area. 

She had a fragile confidence and 
had never skated a clean program in 
practice, much less in competition, 
winning a bronze medal at the 1992 
Winter Games only because Har- 
ding, who finished fourth, fell in 
both her short and long programs. 

But this attack has drawn Kerri- 
gan out of a skater’s sheltered life, 
has imbued her with a certain 
awareness and eloquence and, ac- 
cording to her coaches, intractable 
determination. 

“She might have fragile emotions 
on the ice. bat she doesn't have 
fragile emotions about things like 
this,” said Mary SootvokL who 
coaches Kerrigan’ with her husband. 
Evy. “She's a very tough little girl 
She’s a fighter." 

Can she win a gold medal? Yes. 
but the competition is wide open. 

Even healthy, Kerrigan will not 
have skated before judges in nearly 
three months. She will not have 
competed against any of her Olym- 
pic opponents in four months. Sum 
Bonaly of France, tbe European 
champion, is a more skilled jumper, 
world champion Oksana BaiuL the 
16-year-old orphan from Ukraine, is 
a more degam skater. 

Chen Lu of China is another for- 
midable rival and potential medal- 
ist. Harding and Japan's Midori Ito. 
who has since turned professional 
after winning the silver medal in the 
1992 Olympics, are tbe only two 
w omen to nave landed a triple axeL 
the most difficult of jumps because 
it requires three and a half revolu- 
tions in the air. 

“I bare to skate the performance 
of my life," Kerrigan has said. 

If she does, and - wins a gold med- 
al. her comeback would earn Olym- 
pic mortality, as well as S10 to $15 
million in endorsements, appear- 
ances. tours, clinics, skating camps, 
even movies. 

By mid- January, some 35 movie- 
of-the week offers had come through 
the transom, producers eager to tell 
the story of her blue-collar upbring- 
ing. tbe daughter of a wdder and a 
blind mother from Stoneham. Mas- 
sachusetts. who overcame all the 
odds to become Rocky on skates. 

“If she wins, she will be the big- 
gest thing in the history of figure 
skating.” said Collins, tne promot- 
er. “She’ll do better than Dorothy 
Hamill and Pcggv Fleming com- 
bined." 

Whatever happens at the Olym- 
pics, figure skating will never be 
looked upon the same. Its delicate 
porcelain world has shattered. A 
glamour sport bos been exposed for 
its pettiness and vicious one-up- 
manship. 

In the coming weeks, the Olym- 
pic ice hall will be Tull and the rest 
of the world will be watching the 
figure skaters, if for all the unin- 
tended reasons. 

“This robs the Games of such an 
important ideal, fair play,” said 
John Ruger. who represents ath- 
letes as a member of the U.S. 
Olympic Committee. “It happened 
with Ben Johnson. He was one per- 
son who screwed up, but be robbed 
the Games themselves of some- 
thing. That’s what hurts so much.” 
—JERE LONGMAN 


* 


For the Record 

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Page 18 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, FEBRUARY 8, 1994 


ART BUCHWALD 


Checkbook Journalism 


Black Americans Visit an Indifferent Paris 


PEOPLE 


W ASHINGTON — Ii used to 
be a small Dan of the commu- 


VV be a small part of the commu- 
nications business, but "checkbook 
journalism" is now playing a major 
rote in bringing people the news. 
Without it one cannot ope rale 
competitively in the world’s second 
oldest profession. 

Lawrence Loving, a producer of 
ibe hard news show “Peeping 
Tom," told me. 


"Practicing 
checkbook jour- 
nalism isn't as 
easy as it 
sounds. Every 
show has a 
checkbook, and 
if you want to 
beat the compe- m 
tition you have Kg f/ftmr 
to gel there „ . 

firsL" Buclmald 

“I assume that when you refer to 
checkbook journalism you are talk- 
ing about offering vast sums of 
money to people involved in a 
scandal or a crime." 

“That’s correct. When iL comes 
to yellow journalism everyone has 
his or her price, and the checkbook 
journalist has to figure out what it's 
worth to the public. For example, a 
teenage girl kidnaps the wife of her 
30-year-old lover and shaves the 
woman's head The girl is arrested. 
1 want my news crew to be down 
there within the hour offering the 
teenager a king's ransom for her 
version of what happened." 

“Suppose a husband shoots his 
wife’s lover. Is that worth any- 
thing?" 


“Not any more. The public 
couldn't care less. But a female 
teenager with a heart of stone is 
worth a fortune because the media 
are not only talking print rights, 
book rights and TV rights but also 
how much money the sweatshirts 
will bring in. The kids who work for 
me go out there with a blank check, 
and 1 won't allow them to come 

bark mnntv-hanHnl 

“Is checkbook journalism an in- 
vention of the tabloids?" 

“It was at one time, but now the 
TV shows are competing for the 
same stories. Show me a woman 
who operated on her husband with 
a carving knife, and I'll show you a 
lady who can get a 70-percent share 
of the audience." 

“How do your reporters practice 
checkbook journalism?" 

“Let's say a person high up in 
government circles is caught sneak- 
ing out of his house at 4 in the 
morning to rendezvous with a nude 
dancer from the Bijou Theatre, and 
his valet offers to talk. First, we 
would pay the valet for his tip. then 
we would open a Swiss bank ac- 
count for the stripper. We would 
also make sure that nobody else got 
to them by putting them up in a 
safe house in Disney World." 

□ ' 


By Roger Cohen 

Sri/ York Tima Strike 

P ARIS — Attending a conference here 
on the relationship between black 
American artists and Europe, Professor 
Henry Louis Gates Jr., the chairman of the 
department of Afro-American studies at 
Harvard University, was surprised to find 
himself mistak en for a taxi driver. 

“There 1 was standing in the lobby of 
my chic Latin Quarter hotel, in my bind- 
made suit. Burberry coat and Paul Stuart 
scarf, when this French couple comes up 
to me and asks whether I'm their cabdriv- 
er.” Gates said. “I was polite, I just said 
no. At the time I was angry, but thinkin g 
about it later, I was furious. Those guys 
just weren’t seeing me." 

Time was. black American writers and 
painters came to Paris precisely to be seen 
and recognized, to become visible after the 
“invisibility" of life in the United States. 


Barnes Collection 
To Extendi World Tour 


The Associated Press 


NORRISTOWN. Pennsylvania 
—A judge has ruled that the Barnes 
Foundation can extend its world 
tour of SO Impressionist master- 
pieces to two more museums. 


The exhibition has traveled to 
Washington. Paris and Tokyo, 
where it is at the National Museum 
of Western Art until April 3. Judge 
Louis D. Stefan of Montgomery 
County approved the addition of the 
Kim bell Art Museum in Fort 
Worth, Texas, and the An Gallery 
of Ontario in Toronto. 


He continued, “Unfortunately, 
the days of cheap news are over, 
and now all the players have 
agents. Consequently, we have to 
pul up a lot more money than we 
used to. The witnesses in the Mi- 
chael Jackson scandal are now 
chafing more to teD their story to 
the media than he was paid to give 
a concert. Freedom of the press is 
much more costly than the public 
realizes." 

“So," I said, "you are looking for 
people trained in checkbook jour- 
nalism. Where do you find them?" 

“We have to train them our- 
selves. The journalism schools are 
pretending that it doesn't exist, so 
they refuse to teach their students 
that when it comes to getting a 
scoop, money talks." 

“Let's say that you come across 
two hot stories at the same time — 
a person who has seen Senator 
Packwood's diary and one who was 
in the same needlepoint class as 
Mrs. Bobbitt. Which one would 
you choose?” 

“We’d just cut up the money 
between them." 


Delaney, Ed Gark and Herbert Gentry 
came to savor it. 

“Paris is where I find myself," Delaney, 
who p oin ted luminous portraits of the 
French writer Jean Genet, said in the 
1950s. 

But today, with a wave of more or less 
avowed racism sweeping Western Europe 
as it grapples with a long recession and a 
wave of i mmig rants from Eastern Europe 
and North Africa, the situation is rather 
different 

The French government has recently 
introduced legislation making it more dif- 
ficult for immigrants to gain French na- 
tionality. Interior Minister Charles Pasqua 
has said he intends to fill buses, planes and 
boats with deported immigrants in a drive 
to turn France into wbat be has called a 
“zero immigration" country. 

For the many black American artists 
attending the three-day conference held in 
the French Senate last week. Paris was 
clearly a place for a stimulating sojourn 
rather than any spiritual haven. “A real 
nice village." as one participant from New 
York put iL 

Bui the conference, called “A Visual 
Arts Encounter: African-Americans and 
Europe,” took place amid virtually com- 
plete indifference from the French press 
and Paris galleries, despite the presence of 
such distinguished artists as Raymond 
Saunders. Sam Gilliam. Faith Ringgold. 
Dewey Cnunpler, Betye Saar and Martin 
Puryear. 

Where men like Baldwin were cult fig- 
ures in Paris, and later the Black Power 
movement fascinated French intellectuals, 
turning the city into what the French writ- 
er and teacher Michel Fabre once called “a 





Whoopi’s Early Oscar. 
Shell Host the Shaw 




X. . * V jfc- 


Pad Ptvsa Jcfil, Jofl Robot' AfcaoB h 

The artists Faith Ringgold (left), Raymond Saunders and Betye Saar and a detail from one of Ringgold's works. 


passage leading to the continent of negri- 
tude^ the French capital now seemed 
merely uninterested. “Almost nobody 
came from the Paris galleries, despite my 
invitations," said Maica Sanconie, a 
French woman who was one of the orga- 
nizers and is a director of the contempo- 
rary trans-Atlantic arts program of the 
California College of Arts and Crafts in 
Oakland. 

“If the artists had been white Ameri- 
cans, they would have come. But somehow 
the gallery owners here imagine these peo- 
ple are second category. Even the curator 
of the Musee Sefta, which is currently 
exhibiting Jean- Michel BasquiaL failed to 
show up. 

BasquiaL whose powerful, disjointed 
canvases have been seen here as carrying 
an essentia] symbolism of (he black condi- 
tion in the United States, is one of the very 
few black American artists to have gamed 
a strong following here in recent years, 
being hailed by one critic. Nicholas Bour- 
riaud. as a “black Picasso.” 

Basquiat's early death — in 1 9S8, at the 
age of 27 — - has added to his mystique. 
Piny-ear’s sculptures have also gamed a 
considerable following. 


Dnsiderable following. 

But if the conference remained fairly 


anonymous, this very anonymity evidently 
amounted to something of a liberation for 
some of the artists present Several ex- 
pressed frustration with what bey called 
the increasing difficulty of open debate in 
an American society so taken up with 
according the proper respect to the rights 
and culture of each ethnic group that open 
exchange sometimes collapses under the 
deadening weight of political correctness. 

“I don’t do blade art," said Saunders, 
who spends part of his time in Paris and 
has had successful shows at the small Ga- 
lerie Resche in the Latin Quarter. *Tmjust 
a black person who happens .to be a paint- 
er. Separation won’t work; us against them 
won’t work. What worries me is that no- 
body is being protective of the human 
quality of what we're all abouL" 

Saunders, a professor at the College <* 
Arts and Crafts, added: “Paris seemed like 
a good place to get these views aired." 

Crumpler echoed such thoughts, urging 
the conference to “unload some of these 
African-American questions, and spend 
less time worrying about all tins baggage 
we bring over here, and more time dunk- 
ing about our arL" But politics tended to 
dominate the discussi ons, leading Saar to 
lament that “the art aesthetic has not been 
brought out here much." 


Gates was delighted by what he called 

the freedom of the exchange. A moderator 
on one of panels, he suggested that some 
of the views expressed — such as Saun- 
ders’s statement that he does not “do' 
black art" — would have “caused fury in 
some academic aides in the United 
States.” 


jold, whose colorful omits have 
a wide following in the United 


States, expressed a rather different view 
from Saunders. “I don't believe that to say 
you do black ait means you're segregat- 
ed,” she said. “There is no art that comes 
out of nothing, linages have a color, and 
the most agaificant image is one’s own. - 
Mine is black. That’s good and I love iL". 


Having first visited in Paris in 1961, 
when she found herself more welcomed as 
a black woman than in many parts of the 
United States, Ringgold was struck by the 
changes that irked Gates. “In 1961, t could 
just walk into any bold here and that was 
.groovy because dial wasn't the case m 
America," she saii “I felt freer. But today 
I don't think African-Americans come to 
Europe to gain recognition. It’s easier to 
establish youreelf in America. If anything, 
you just come here to broaden your 
scope." 


UVTERNATIOIYAL 

CLASSIFIED 

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North America 

Snow is fftety from Demi* la 
Buffalo Wednesday into 
Thursday with a wtotry mix- 
ture ol snow. Ice and rain 
expected farther schiW from 
Pittsburgh 10 New York and 
Boston. Atlanta lo Chartoflfl 
wffl be mUd wBh rain. Slormy 
weather wffl develop in Seat- 
Tie. Portland and Vancouver 
Thursday Into Friday. 


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Coftfwffl persist over Scan/J- 
navia mis week; it wll snow 
Wednesday and again Fri- 
day In Liltohammer. Great 
Britain will have scattered 
heavy rains Thursday Into 
Fnday. A tew storms rnovtog 
through the central and east- 
ern Mediterranean Sea will 
bring heavy mins to Greece 
and southwest Turkey. 


Asia 

A powerful storm — W bring 
ram lo central Japan early 
Wednesday wtfh heavy snow 
faSra over northern Japan, 
including Sapporo. Wednes- 
day info Thursday. Beijing 
wdl be dry Wednesday rto 
Friday. A chilly rain will 
dampen Shanghai Weitoes- 
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be partly Sunny and warm. 


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3f With 16- Across, 
former Phillies 
manager 

34 ‘Queen 

Day* (old game 
show) 

as Corporate abbr. 
sa Have a hunch 
37 Lefty artist 
«t Shows one's 
humanity 
42Bud 

43 Fain 

46 Voted 
48 Great 
48 Overwhelms 
with humor 
48 Catch in a net 
so Pipe type 
sz Highest point in 
Sicily 

ss Course for a 
newcomer to 
the U.S.: Abbr. 

57 Lament 

58 Lefty actor 
8Z French 101 

word 

ss Copy ota sort 
64 Noted rap artist 
ss Gloomy 
86 Overdecorated 
*7 Danson etal. 


2 Three miles, 
roughly 

3 Lefty President 
eFoofaraw 

S- Horns' s mother 

6 Star in Cygnus 

7 Baa maid? 

8 Razor-billed 
bird 

sKJndofstpc .* 
to Publican's 
offerings 

11 Ridicule 
persistently 

12 Is worthwhile 
is Lefty actress 
18 Five-year 

periods 
i» Refusals 


.O New York Tmes Edited by Will Shorn, 


24 Pontiac 
Sihrerdome 
team 


DOWN 

1 Composers' org. 


26 Camden Yards 
team 

*7 Polaroid 
Inventor 

28 Lefty comedian 

31 Lefty comedian 

32 ECU issuer 

33 Lawyer in both 
"Civil Wars" and 
‘LA. Law’. 

38 Student's worry 

37 Roman (ate .. 

38 Before, io Byron 



anuMptooui 


»Jutiarider,e.g. 48 Subs 

.40lnadespicabla si Bridge seals 

»«V- 92 Horse that 

48 Writer QuiridJen - made sense? 

47Btottcr ' .. S3 One of the 

4a JadcsoriS 


MTarihlshcbtor; 
saHot. . 

99 Chaperone d g irt 
■ 80 Actress Joanne 
6t Paroxysm ■ 



Travel in a world without borders, time zones 

or language barriers. 


AKT Access Numbers 
How lo call around the world. 

1. LMng the ctun below, find the country muon? tailing from. .- ... 

2. Dul ihc a.>rruNp< /nding iHXX Access Numlvr. 

3- .In AJSiT EnKlLsh-r*peakinf 50 pcrtttiwor vninr prompt wfl ask for ihc phnou number you wish to dll or connect you ton 
cu-aomt-r ■■eTvia: ivpnr't'niarive - 

To irori%r>Tiurfrxx: wallet card of Acres .Number iust dial the aa^s number of -' 

Iheoxira/y tixiYvina/xiosk fnr CuslortV-TScnicc. 


COUNTRY ACCESS NUMBER COUNTRY ACCESS NUMBER COUNTRY ACCESS NUMBER 


ASIA/PACIFIC 

Australia 00 U 

ChinaJRC**# 

Guam 

Hong Kong 

India* 


Hungary* 


OOH-ggUOn Lciand-n 

10811 Ireland 

018-872 ltafy 

BOO-1111 Liechtenstein- 
000-117 Uthtaab* 
0A801-1Q Luxemhnury 
cxw-l 1 1 Mate* 


OOA-gOOQini Cbfle 

<>90-001 ' Colombia 
jjgggMW 'Costa Bicsra 

172- lou Ecuador* 

155-OMl ElSelndodB 


00*012 
: Mf 


'Guatemala' 


0-800-0111 


Guyana*^ 


KoreaAA 

Malaysia' 

New Te-jLinJ 


009-11 Mnn am - 

IT Nethertamfer 

800-0011 Norway 
000-9 II Potattt-*- 
109-11 PortngaT 


OSOP^O-llO hoqcW* 

. __ 19a -°° u . MdtiCOAAA 


RussfcrtMoscow) 
Saipan- 
MniMpi im 

■Vi Lmk.1 

Taiwan* 

ThjiLirxU 


155-5042 Bomania 
255-2872 Sorakia 


WXMHIl-m Spain 

Sweden* 

0080-10288-0 S wtwlan d* 


Suriname . 

Uruguay 

Venezuela** 


OUIO-WMIU UJL 




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EUROPE 


Armenia** 

Austria^* 

Hfltfnni* 

HulKana 

C roatia* * 

CLprttV*_ 

CrechRep 

Denmark* 

Finland* 

France 

Germany 

Greece* 


8*14111 Bahrain 

022-903-011 EgypT (Cairn) 
t>"w-i I-Qtuo toad 

u.M»XMinio Kuwdt 

99-3WW11 Lebanon (Bdrot) 

WtLgTOtO Siudl Arabia 
00-420-00101 Ibrkcy- 


8001-0010 


9800-100-10 Argentina* 
194-0011 Belize* ' 


01500010 BoBvfa* 
00800-1311 BrttQ 


06022^111 

awnso-u- ta 

“ tuoip-iso-om — — 

° 50171 - 288 Suriname . 

:vSr 

■ . 900-99-00-11 . — 

0207 95-611 ^ 

«r jgjjjra 

0500-89-0011 Vermuth* 
MIDDLE EAST 

gOO^jQj Cayman Islant 
tiro) 51<V0200 Graoafa> • 

177-100-Z7Z7 

aoo -288 Jaaaka** . , 

(Betna) 426«ll Nah.Anifl 

fa 1-fltXMOO *SLKias/Nem 

00-800-12277 . 

AMERICAS Gabon* 

► 001-800-200-inl Gandda* 

555 Kenya* .- • 

0800-1111 Uberfa ■ 

000-8010 Malawi** 


Bermuda* 
British VI 
Cayman Islands 
Grenada* 


Gabon* 


• ' •••••••••"• v 119 

* 190 

• ' ,190 

' 165 

! 12* 

»«XM6M240 
(M*n^mQ 174 

109 

1___ - 191" 

V .' 156 
- 00^)410 

' . 80-011-120 
CARIBBEAN 

, 1-8QOB72-2881 

• - i-800-872~2fl8l, 

T-800-872-2881 
mds - - 1-800-872-2881 
l-8QOB72>288r . 
. 001-800-972-2883: 

/ 0-800-872-ffi8l V . 

1 001-800-872-2861 " 

v. — l-800^72-28« 

AfMCA ■ ... : 

- 004^X11' 

00111' 

* - OBOO-1& - 

• 797-797* ; 
.■ ■' . • 101-1992 


AKT 


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The Oscars have a boa: Whoop 
Goldberg wiO do the honors when 
the Academy Awards are presented 
on March 21. An Oscar winner her- 
self (for "Ghost"), she's the first 
woman and first black to serve as 
host of the show. Goldberg re- 


tire show for the past four yean. 

□ 

The feminist writer Germaine 
Greovwbo unwittingly opened bar 
home to a male jtxxmalisi damqg 
to be destitute, said she would sue 
for invasion of privacy. Swanns of 
reportas beaegsd Greer's home 
near Cambridge, England, after she 
offered bed and board to the bome- 
kss. But Martfn Hennessey, a Mail 


.lie' 1 ’ 

\Vin 



on Sunday irpcsler, managed to 
convince Greer he was destitute. In 


convince Greer he was destitute. In 
the-GoHcfen. Greer said she was 
suspicions, but look him in believing 
he was mad, brain-damaged or on 
anti-depressant drugs. 

a 

_ Dena . Moore and Brnee Wffis 
have a third daughter TaBnU 
Befle. The couple’s other children 
are Ranee, 5. and Scout, 2. 

- ’ • □ 

The London stage production of 
“Smset Boalevard” is getting a new 
leading, lady: Betty Buckley. She 
takes over for Ptitti LuPone, who 
drew mixed reviews in Andrew 
Lloyd Weber’s nrmskal- The show 
wffl shut down in Match and reopen 
bn April 7. ... A High Court 







judge bas'granred an injunction pre- 
venting “Maxwell: Toe Muscat" 


about Ibe late media tycoon Robot 
Maxwell from opening in London 
this vreek.. :. 

' □ 

Of all the ftmd- raislM campaigns 
to promote safe sex, Playboy bas 
crane np with a unique one; featur- 
ing a pictorial in winch a score of 
eddmties take off their clothes to 
hdp fight AIDS. The feature in the 
March issue indudes erotic photos 
of the actresses Sonia Bran, Martel 
Hemingway, Sandra Bernhard and 
Shnnen Doherty. Hugf are quoted 
discusring the virtues of stfe sex and 
condoms. All of the celebrities do- 
nated their time, and pnxseds go to 
benefit AIDS research. „ 


immitfi. S'-, 
added, n isr-e 
qirrmhs “mr 







© 1994 AISET