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INTERNATIONAL 



(tribune 


fUBUSHED WITH THE NEW TORE TIMES WO THE WASHINGTON POST 


Paris, Friday. January 7, 1994 


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FT lIHv-UV 1 * 0 ^ T” — C? . • 

For Yeltsin Should Be More 'Energetic' 

t u. . H mikv i'c ulimnk 


5 !By Alan Fiifidinafi 

PARIS As Presideat^CSntoiLiHi^^.- 
for his Eist: NATO and Moscow samnauneet- 
ings; b h rfim d-the-sceaes fighthas broken <ml L 
iDKirm Mwemment of Goals and ocod- 


among western government uuw^ 
onrists over the stxategyf or disbursing as mum 
.mrUUnnnfWKtnn for Russia UJTOU8h 


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' as¥i3bniioaoi£ western am kkwb 
.. toh i gjBtioMl Monetary Fund. 

-. After a period of disarray o n-lhc |* yr p— 

" ihe -Clinton m h lis trfliiraL s&BOff BA ®™* i 

dais, as wdl as tweeted suriM* , 

Gerald Corrigan, formerpresidait of tl» Fed- 
eral Reserve Bant of New York, nmdcckarm- 
.interviews: thal . tb«- wa» w^pndi^ for., 
soeethermdi to Russia, idTjoflsier die paanonof 
'•.KsdwtSodsr'N. Yeltsin and oiher Rnssmn 
reformers., •{■'■■ ' v * '' 

Mr. Clin tern’s own view, which he has said be., 
will exprespinMatooW; isihat lhexeheedstpbe 
more Rnssian ^onn as well as “mere attempta- 
to bufld a; safety net to deal with the cense- 
qoences of refoni).r {Page 2) - 1 * 

Mr dintott, who wfll aeet with Mr. Ydfcm 
-at the Kremlin next Thursday md Fnday,. w>. 

; rives in Brussels on Sunday dp a hip that will 
also inctode stops mftago* Mn» apd Geno- 
va.-- — ■■■■•• ' - • • - 

President’s Trqtls 

. "• Roden. ’. 

• Washington 

tonVtrip to. Emopesta^ to® 
- weekend ts-imHkely to be significant su«^ 
ed by tbe : 4e«h of bis mother, the ^/hite 
' House said Thsnsday. - 
- '“I don’t think Ahat wifl dtange.much," s m 3 
r Dee Dee M^ toe Wl^Hoiirep^«a^ 
tary..‘There'sbmino change m the schea- 
'"tde.’’ --.; y ■' 


bvsfcy.tbeul 

parlamaitaiy clout 
reforms. ■ 

' Senior U.S. officiate contend thsrtbey are 
not toying to bully the IMF into 
criteria for providing loans to RnssiaJto one 
TJ5. poEcythaker said that “toere shoidd be 
soaim^SSate support’* to and mg- 
^^^T ^mTHiin n shook! not be so doc- 
SSe” in thTway it jw^ed J? 

provkBng fresh msmey toMt^w. As^elarg- 
£5 shareholder, Washington has more 
influence than othffM - 

' A^ White House aitfe sand Wednesdmf mat tire 
IMF and theWodd Bandits sister ptgamza- 

'^^pnnmriSy^ apolitical IMF^ has^ been thrust 

hiffion Rusaan aid proagp premisfld by the 
See IMF, Page 13 


•-X" - . 

- Ftmeral arrangements for Virgini a K^qj, 
who <fied in her stoqj early Ihnrsday morn- 

W were bctKtqdete. : , ... 

' “ Mr- Clintcm is schcd^d 

tbh lato^atraday on 811 ®^J iy SS,* ‘ 
in and Geneva. • 



Glinton’s Domestic Theme 



f ' Aotn and democracy 

L * lar 'to the stabCbty Enrop^yw, , 

v ; President Al Gore s^TTnnjway. • ^ 

. ;/Wes^ . Europe and Russat_aH , , . - ; ; -y; ' 

butndtOTeinberanp- 


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EWlli^ 

• - ^Tbehtocess Of therenewdanocracres, Mr- 

Gorcdafered^^ bmonazrt to our natoon and 

omsbainty- We 

*■ 

- j - -And how we must prevail for wear 

,peaoetlnoi«hont Birope, ' 

• in his first ofiSdal ng^t o Enro^ M^g 1 ?; 
ten will attend a -NATO sramntt mce™8 JJ 
23 sSrthffi Monday and later travd w 

^^^^^^^toeBdarescapi, 

See POLICY, Page 2 



5 Solidarity 
fe didn't 


NATO Clears 

With New Structure, 

By Steven Greenhouse 

Nr*’ York Taxes Serna 

WASHINGTON - .NATO djtahjg 
removed the final bamers to a U.S-baAM 
proposal that would change the : *£" 
SnSscommand structure to ™2* 

NATO and former Warsaw Yu* .vm s to 
combine rows to defuse crises inside and out- 
side Europe. . 

the plan calls for establishing mt^anonaj 

tai foras of NATO and non-NATO traps 
conduct joint military and 

be ready to move quickly on peacekeeping or 
relief missions. 

In interviews Wednesday.. NATOoffidak 
said France had abandoned us laa 
ro the olatu paving the way for President Bill 
Omionand other 1 cadcre of the North Atlantic 


Way for Massive 

a Role for Ex- Warsaw Pact Nations 

* in tthir4r the United Slat 


Treaty Organization to approve it when they 
meet in Brussels next week. 

Thr Hinton administration has support™ 

&ssM«sasA , sfs 

Also! H will give European nations more 
vSutoZ* recces to pohre thetr own 

backyard. . 

Under the plan, Euitpean nauons m NATO 
could use European troops and NATO re- 
sources, like radar and intelligence reports.. ^ 
toJ'todefuse conflicts in the region while L 
troops remained out of the mission. 

A U^. ofGcial at NATO headquarters said 

^sssisnirsiss- 


mlions in which Ihc United Slates would not 

choose to be involved. 

The Clinton administration supports tn e 
„i a n heraure it discourages the Europeans from 
gg.^ SaSra M lio^ force ^t. 
ih«» N\TO structure — an idea that made 
S^h«u« it would reduce 

VS. influence m Europe. 

The Bush administration oppcKEd die plan, 
believing that it would reduce the US. role m 

branches or the armed services and from dtffer- 
“FS'S^pla. ajoim fast force might include 
See NATO, Page 2 




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By Branco 13 MiwbcnM 

jmonusd^t^^^ ,.. ^ . 

one of nrohwffdg the. 

-4e Urnted States 

pobey conseqpeac« ^trm «s recess 


n-rWnui«K»d German Institute for Economic 

authorities have made ti« rec^m^gmu- 
sets monetary policy to 


35 fet.wscft 

Si-term rates. “Gwen the atoationse wes« 
iTwe don't want any change m our potoas in 

SSiaie futur;." he ttjd for^J«^ 
ists in Frankfurt, dung the Bundesbank sden- 
.^n to leave its key market rate unchanged for 


Metals Firm Beset 

MetallsAseUscbart AG. a major German ; 
company- revealed massive | 

Sdrt would gp bankrupt £ its bank , 

creditors did not bad it ouM Page Hi | 


the next two weeks. “We're driving straight 
3h ^ government also came under fire Thurs- 


day when its economics 

ro dL lashed out at Chancellor Helmut Kohl s 

handling of the economy. 

Mr. Rexrodi is a member, of the Free ^eroo- 
craric Party, which shares power wxh Mr. 
KohTs Christian Democrats. He called his se- 
nior partners “paralyzed, defensive and fear- 
Sr in the face or spiraling budget deficits and 
overresulation choking the economy. .. . 
-rSy are divided among themselves, bbnd 


U.S. Reduces 

Imports of 
China Textiles 

By Up to 35% 

Beijing Is Urged to Stop 
Transshipment of Goods 
Through 3d Countries 

By Paul F. Horviiz 
and Robert C. Siner 

tK'crr^r:'-nsl UetiiU Tribune 

WASHINGTON - Weary 
Beijing to make concessions on 
norts the United States ann^n^Thursday 
Sat it would cut by up to one-third the number 
of Chinese textile and apparel products allowed 
into the United States this year. 

At issue is Washington s insistence that Clu- 
na halt clothing iransshipmenis. 
move to a third nation, receive new label s mu 
thus escape the U.S. import quota for Ctainese- 

"^e^otas have the effect or proieciing the 
L'S textile industry from cheap imports. 

The announcement by the VS trade repre- 
sentative. Mickey Kanior, wiU 
impact if substanuve talks with the Ounesc 
resume and the U.S. order is rescinded, analysts 

officials said they were “hopeful of 
renewed talks. There was no imrariaK re- 
sponse from Chinese officials. A 
b£sv spokesman asked for the OS. 

The American acuon was seen as a uear 
«pnal that Washington intends, for now at 
least, to take a firm stand with 
economic issue that reverberates m Jhe U5. 
Congress. Legislators, many from texule-pro- 
ducingstaies. will have to vote this spnngon 
wbetoer to renew the broader most-favored- 
nation trading status for Cmna. 

“We have said all along that if we could not 
reach an agreement with China wbeb ad- 
dressed the problems we have had with textile 
Sd?vhra we would have to impose quotas at 
the levels outlined," Mr- Kan tor said. 

A 1991 U.S. import quota agreement 
Dec. 31. Under the new order, quotas will be 
_i, nercent to 35 percent on 88 categories of 
nroducts, including sweaters, knit shbts. coiton 
SSSSfi ffi used to d^ u machine^ 

The order goes into effect Jan. 17, but would be 

"hS^Snwr estimated 
would trim China’s exports by up to Su bn 

U °Jeffrey J. Schott, a trade expert with the 

Institute for Intemational Eamomjra. ^Cu- 
ria would feel no linmedmte P^tom the 
1 1 •? anion because it could parcel out ns 
textile exports while conducting 
dons. If Croons are speeded up, the quote wUl 
be filled quickly, but if they are slowed, it wdl 

“Nevertheless, he said, the U-S., announce- 
ment “puts the Chinese on notice. rK __ j 
President BUI Clinton, he said, want* jto ishow 
members of Congress who are concerned about 
^Sring China’s favored trading status that 
wOfl waiini robegin = of coo- 
suuciive advances" in trade relations 
fflven the facts of Treasury Salary Lloyd 
Bemsen’s visit to Beijing later this month and 

^°Si^«ung iw- »■ < “ d e 

President Jiang Zemm of China, the textile 
SS^il not in and or itself, blow up mto a 
major confrontation. Mr. 1 Jj4 

“Bui it is a serious issue, he added. 

Textile negotiauons between Coma land toe 
United States broke off last month wheo^j^ 
turned down American demands 
controls and penalues on transshipments. 
S2? * ^foStessions over toe past nitre 
months, and U.S. officials said China r ^. eclt ^ 
the latest American invitation to resume discus- 

U Transshipment controls have 
by 16 other nations that trade with toe United 
Elites. Mr. Kantor's office said. 

-aeariv " Mr- Kantor stud, “textde tram- 
shipment' damages our workers and mtoauy 
and violates China’s international commit 

IM Aiiaide to Mr. Kantor said that ifan agree- 
oouid he reached with the Chinese, toe 
quota cuts could be adjusted. She said that talks 
so far were in stalemate. , 

Since 1988. China's exports of wxtoe and 
clothing to toe United Steles have more than 
SS, from $12 billion that year to an esu- 


See BUNDESBANK, Page 13 


See TEXTILES, Page 5 



• • • 

SS5JSS?«» • U-S- “ des ^ "W;y ■ 

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Study Doubts 
Value ol Tests 
For Cholesterol 

Reuters 

LONDON — A British-American research 
, _ eavs that measuring cholesterol levds in 

iaT« * 01 

hC A l 12 !yG?study showed that up to 7 5 percent 
of heart disease deaths in Britain would not be 
predicted successfully by cholesterol levels. 
People could receive false assurances torou|h 
sheening, the researchers added in an article m 
iheBritSi medical journal The Lancet 
"The results are disappomtmgT said Nicho- 
las Wald of toe University of London, one « 
the authors of ihe study. 

Dr. Wald said the problem wto screening 
was that it was not sufficiently disaimmaung. 
“The reason is that there is too lutlevariauoa 

sure levels that are too high. It» benn 'o 
concentrate resources cm improving our diet 
and reducing smoking in the population as a 
whole than to screen individuals. 

The study covered 21,500 men wthout 
known bean disease who attended a private 
medical clinic in London. 













Page 2 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, JANUARY 7, 1994 


Clinton to Yeltsin: 
Intensify Reforms , 
^4 id Will Ease Pain 


. - • - / -» ! • := 




By Thomas L. Friedman 

iVfw ybrfc Tima Senice 

WASHINGTON — Aficr a long 
internal debate on America’s Rus- 
sia policy. President Bill Gin ton 
plans to go to Moscow next week 

urging continued tough economic 

reforms but with some new ideas 
about how Western aid can be used 
to retrain Russian workers and 
cushion those left unemployed by 
economic changes, according to of- 
ficials. 

Administration officials said 
Wednesday that they were still 
thrashing out what sort of pro- 
grams they might propose, as well 
as whether Washington should lead 
by example and eventually add 
more money to the Western aid 
poL 

But at a meeting with newspaper 
columnists, Mr. Clinton left little 
doubt about where be stood on the 


question of whether the strong 
showing by ultranationalists in 


showing by ultranationalists in 
elections last month meant that the 
West should urge a slower pace of 
reform in Russia. 

He said he would leO President 
Boris N. Yeltsin that Russia needs 
more reform — not less — but also 
more Western help to ease the po- 
litical faBouL 

“1 am going to Russia to reaffirm 
the support of the United States, 
both for democracy and for re- 
form,” Mr. Clinton said. 

The president also spoke in de- 
tail about the future or the North 
Atlantic Treaty Organization and 
U.S. relations with Eastern Europe. 

Mr. Clinton devoted his opening 
statement to an attempt to assure 
Eastern Europe of continued 
American support, despite Wash- 
ington's opposition to immediate 
NATO membership for Poland, 
Hungary and the Czech Republic. 

He defended the American plan 
for only limited military partner- 
ships between those countries and 
NATO, saying there was no con- 
sensus in the alliance to do any- 
thing further right now, and hinted 
that Washington was acting at least 
in pan in response to an appeal by 
Mr. Yeltsin not to isolate Russia. 

“What I hope we can do is to 
develop a policy toward Europe as 
a whole,” Mr. Clinton said, “a poli- 
cy which supports political and 
economic and strategic integration, 
not one which draws different di- 
viding lines in Europe.” 

The president said NATO was 


to ease some of the social fallout 
from the closing of inefficient 
state-run Russian industries by 
providing help for these groups of 
workers, rather than raying on 
more generalized subsidies and 
credits to the government that 
could miss the mark and only run 
up the deficit 

In a speech to economists in Bos- 
ton on Monday, Lawrence Sum- 
mers, undersecretary of the Trea- 
sury for international affairs, 
alluded to this evolving strategy. 

He said it would be “a grave 
mistake,” to think that there was- 
some sort of “third way” for deal- 
ing with Russian aid —a way that 
would make for painless reforma 

Mr. Summers said “there is no 
viable alternative to the hard work 
of economic stabilization.” He 
added, though, that while encour- 
aging that hard work the United 
States and the West had to ensure 
th3t their bilateral and multilateral 
aid dealt “with the dislocations that 
are inevitably associated with re- 
forms.” 

But bow will the administration 
go about this? In part, Mr. Clinton 
will go to Moscow carrying some 
new ideas, in part he wul want to ^ 
bear ideas from Mr. Yeltsin, and in * 
pari the president and Treasury of- ' 
fidals plan an intensive round of £'■ ' 
discussions with other members of • 
the Group of Seven major industri- 
alized democracies on whether they 
should give new directives, ana 
possibly new money, to tbe interna- 
tional financial institutions work- 
ing with Russia. An officer 





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An officer tefling las wife good-bye in Ryazan, Rnsaa. His battalion has peacekeeping dnty in Serth. 


'Stay Home and Play Sax, ’ Zhirinovsky Chides 


reaching out in a limited way to the 
East European countries because 


East European countries because 
“we don’t want them to fed threat- 
ened by an eastward puB anymore, 
but neither (fa) we want to prejudge 
the Future intentions and policies of 
Russia and other countnes in the 
newly independent states, and es- 
pecially Ukraine.” 

He said he believed that Russia 
and the other former Soviet repub- 
lics appreciated this cautious, step- 
by-step NATO approach, because 
they do not want to be condemned 
forever to the status of enemies. 

Mr. Clinton said he would also 
use his talks with West European 
allies at tbe NATO summit meeting 
to try to press them to open up their 
markets more to Eastern Europe, 
where industries are withering for 
lack of nearby customers. 

“I think the United States ought 
to set a good example so that we 
can make as forceful an argument 
as possible that the Europeans 
ought to trade more with them,” be 
said. 

Since mili tant natio nalis ts and 
Communists made a surprisingly 
strong showing in last month’s 
Russian elections, Clinton admin- 
istration officials have been recon- 
sidering America’s approach to 
Russian aid —with some seeming 
to him that maybe the West should 
ease up on its demands for Russian 
economic reform. 

In recent days, though, economic 
experts within the administration, 
particularly Treasury Secretary 
Lloyd Benisen, have b era arguing 
that what Russia needs now is to 
intensify its reform efforts. 

But, they added, that reform 
must be better cushioned — to 
avoid the son of political reaction 
witnessed in the recent elections — 
by better helping pensioners and 
government workers who will be 
most affected. 

The basic idea, officials said, is 


By Lee Hocks tader 

Washington Pan Senice 
MOSCOW — Vla dimir V. Zhirinovsky, 
the extremist who has threatened war with 
Germany and Japan and insulted a growing 
list of world leaders, heaped sarcasm on Bin 
Clinton on Thursday, saying tbe president 
was “afraid” of meeting with him in Moscow 
next week. 

“Tbe American president, big deal” Inter- 
fax quoted him as saying. “S hame on this 
president Let him stay at home and play his 
saxophone over there rather than come here 
and meet with God knows whom.” 

Mr. Clinton, who is scheduled to hold three 
days of talks in Moscow next week, has said 
he will not meet Mr. Zhirinovsky, whose 
views are considered racist and fascist by 
most of his opponents. In an effort to isolate 
trim. Mr. Clinton is p lannin g to meet with a 
wide range of opposition leaders in Moscow 
— inol ndmg Communists and their rural km, 
the Agrarians — but not with anyone from 
Mr. Zhirinovsky's Liberal Democratic Party. 

But in se eking to isolate Mr. Zhirinovsky 
there is a risk that Mr. Clin ion may only 


generate more publicity for the man whose 
party collected 22.8 percent of the vote in the 


party collected 22.8 percent of the vote in the 
December elections. Mr. Zhirinovsky’s party 
will have about one seventh of the 450 seats in 
the lower house of the Russian legislature. 

The legislature is scheduled to bean meet- 
ing Monday, the day before Mr. Qintoo’s 
arrival. Mr. Clinton is not now planning an 
address to the body doing his visit 

Mr. Zhirinovsky, whose party’s success in 
Russia’s legislative elections last month sur- 
prised many, said Mr. Qinlon was “afraid of 
meeting” ham. 

‘Tell the president that Russia has only 
one party, the Liberal Democratic Party of 
Rusaa.” Mr. Zhirinovsky said. “There are no 
others. The rest is a lie.” 

He added that by showing support far 
President Boris N. Yeltsin, “Clinton is wag- 
ging his tafl.” 

Mr. Zhirinovsky spoke when he cp l fr yfr d 
bis identification can! as a member of the 
legislature representing Shchelkovo, a central 
Russian town where be won his parliamenta- 
ry seat 

He displayed his parliamentary card and 


proclaimed, “My next ID card will be that of 
the Russian president” 

He also said he would become chairman of 
the legislatur e's Foreign Affairs Committee 
as well as Russia’s next foreign minister. “If 
the president of Rnsaa does not give his 
consent for this, he will be making apolitical 
mistake,” he said. 


In the same appearance, he threatened Ja- 
pan with war if Tokyo did not accept a peace 
treaty ending World War IL Since tbe con- 
flict ended in 1945, the Japanese have never 
signed a peace pact with Russia because of 
objections to Russia’s presence on the Kuril 
islands, which Tokyo regards as Japanese 
territory. 

Tf yen say no” to a treaty giving up tbe 
Kurils “it will mean that you want war ” he 
told a Japanese journalist “OJC, let’s make 
war. Tomorrow the Russian Pacific Fleet will 
blockade the Japanese islands and you will 
die of hunger. 

“You will not receive the Kuril Islands! 
Nobody will receive one meter of Russian 
territory.” 


Czechs Opt to Act Alone on NATO Issue 


Compiled by Our Staff From Dispatches 

PRAGUE — Efforts by some 
East European nations to forge a 
united request for early NATO 
membership faltered Thursday 
when the Czechs indicated they 
preferred to do their own negotiat- 
ing with the West. 

“We do not like organizing of 
pressure groups,” Foreign Minister 
Josef Zieleniec of the Czech Re- 
public said. 


town where it was founded three 
years ago. 

The Czech government has been 
criticized by its three Visegrad 


partners, especially Poland, for 
largely accepting the U ^.-spon- 
sored Partnership for Peace, which 


sored Partnership for Peace, which 
they say falls wdl short of the secu- 
rity guarantees needed to ensure 
regional stability. 


“We welcome the project, but we 
do not consider it ideal,” Mr. Zic- 


Hungary, Poland, Slovakia and 
tbe Czech Republic had been ex- 
pected to act together in pressuring 
the North Atlantic Treaty Organi- 
zation fra 1 membership as an exten- 
sion of their Visegrad economic al- 
liance, named for the Hungarian 


lerriec said. “We expect a declara- 
tion that NATO is an open alli- 
ance.” 

He said that while the Czech gov- 
ernment favored continued work 
on a free trade zone and economic 
integration among tbe Visegrad 
four, it wanted to maintain politi- 


cal autonomy in dealings with the 
West 

Diplomats said tbe East Europe- 
an countries were coming around 
to tbe view that the Partnership 
plan was better than nothing and 
that opposing it would yield little 

benefit 

President Mkhal Kovac of Slo- 
vakia said Thursday that his coun- 
try appreciated the Partnership ini- 
tiative and wanted to be an active 
participant 

In Warsaw, Foreign Minister 
Andrzej Olechowski oi Poland said 
his country supported the aim of 
the U-S.-promoted plan while seek- 
ing a greater coamntment to letting 
former Warsaw Pact members join 
NATO. 


Hungarian officials have made it 
dear that they were satisfied, in the 


short term, with European security 
arrangements that faiduded both 


arrangements that included both 
Russia and the Ukraine, which bor- 
ders on Hungary. 

WhQe the four countries share 
the ultimate objective of full 
NATO membership, they appear 
to be at odds on how to achieve it 

The Slovak president suggested 
that NATO membership should be 
granted to all four Visegrad coun- 
tries at the same time, an idea that 
received a dully reception from the 
-Czechs. 

East European defense ministers 
are scheduled to meet in Warsaw 
on Friday to discuss NATO and 
other issues. (A?, Reuters) 


NATOs New Structure , New Roles POLICY: Domestic Rationale 


'ffampdf&VLy 


“the original' 

Just tell the taxi driver, 
"Sank roo doe noo"^ 

5. rue Daunou Paris (Opera) 

» TeL (1)4241.71.14 * 


Continued from Page 1 
six Western European NATO 
members along with Poland and 
Hungary — and some officials said 
that Russia might also be able to 
take pan. 

NATO officials said that if the 
proposal is approved at tbe summit 
meeting next week, alliance plan- 
ners wifi begin drawing up its de- 
tails. 

U.S. and NATO officials see 
these forces as a way for former 
Warsaw Pact nations to cooperate 
more closely with NATO as part of 
tbe P artn ership for Peace plan that 
President Clinton has pushed to tie 
East European nations closer to 
NATO. 

President Lech Walesa of Poland 
and other East European leaders 
have urged instead that NATO 


members grant them immediate 
membership in the alliance. 

In many ways, the plan caps ef- 
forts begun by the Bush adminis- 
tration two years ago to develop 
ways to make NATO more respon- 
sive to crises. 

“The plan institutionalizes a 
more flexible way of employing al- 
lied forces.” one official said, add- 
ing that tiie alliance’s slow, dumsy 
response in Bosnia was due in part 
to NATO's inflexible structure. 

Even though some NATO coun- 
tries might not take part in a specif- 
ic task force action, the North At- 
lantic Council would have io 
approve such an action. 

The plan helps satisfy a desire 
among France and other European 
nations for Europe to establish a 
more independent defense identity. 


Confirmed from Page 1 


tai, M i n sk. As is ms practice. Mr. 
Clinton sought to justify the trip on 
domestic grounds. 

The central theme of the speech 
was that Europe matters to Ameri- 
ca. and the United States must not 
yield to the temptation of isolation- 
ism. 

“The message of the president's 
trip is very amply this," Mr. Gore 
said. “In Oder to be strong at 
home, we must engage abroad as 
wdL We must work with other na- 
tions to get the world’s economy 
growing and open foreign mar- 
kets." 

The vice president did not mmi - 
fni?<» the threat of nationalism in 
Russia, a threat that the leaders of 
Eastern Europe and the Baltics are 


citing in their bids for full NATO 

mwnhxT^p 


“There is also a dark dood on 
Europe’s horizon,” Mr. Gore said. 
He described it as “fiery national- 
ism, ignited by old resentments, fu- 
eled by economic frustration, 
fanned by self-serving dema- 
gogues.” 


Tbe most immediate alias era 
was to Vladimir V. Zhirinovsky, 
whose highly nationalistic Liberal 
Democratic Party scored strongly 
in Russian parliamentary elections 
last month. 


“It is our doty to condemn the 
voices of racism and intolerant na- 
tionalism wherever soch voices are 
heard,” Mr. Gore said. 


—PAUL F. HORVITZ 



Panic Grips WORLD BRIEFS 



V 


Sarajevo as 
Shells Fall 
like Rain 


UN Wants 15,000 Troops in Sonufia 

UNITED NATIONS, New Tati 


. wiEm^eAdar that offos o( men I ““S ^ AfiKa ° 


Compiled by Oar Staff From Dispatches 

SARAJEVO, Bosnk-Hazcgovi- 
na — Sarajevans cowered in iear 
Hunsday as a ihhnderous Serbian 
bombardment drove people from 
the streets and their jobs. 

“For Sarajevo, , this is hoe of the 

worst days since the beginning <rf 
the aggression,” the state-run Bos- 
nian radio reported. “The whole 
city is under artillery fire from, all 
Serbian positions around ft.” 

Sarajevo’s two hospitals reported 
two dead and 42 wounded, includ- 
ing a pregnant woman, and tbe toll 
clearly was much higher. Tbe 
known death toll in Sarajevo is at 
35 since Jan. 1. 

After a rooming of ArfKng , 
streets were virtually empty as pan- 
icked citizens stayed indoors, and 
the crackle of machine-gun and 
small arms fire sounded through 
the city. 

Employees of the Bosnian state 
presidency were forbidden to leave 
their battered office building and 
pre p are d to spend the night there 
tor tbe first time since the siege at 
Sarajevo began almost 21 months 
ago, officials said. 

The shelling overshadowed 
United Nations reports Thursday 
that civilians are starving in Bosnia. 
A UN mihrary spokesman. Major 
Idesbald van Biesebrock, said all 
warring panics were equally guilty 

“In the*area of Kalar^many 
villages have been found starving 
from hunger,” be said. 

“We believe this is significant for 
a lot of village all over Bosnia, not 
only in Musiim-beld territory, bat 
also in Croat- and probably in 
Serb-held territories as wdl,* he 
said at news conference. 

“Some children are very close to 

starvation,” he added. 

Lany Hoflmgwoith, a senior of- 
ficial of the UN High Coranrissoa- 
er for Refugees, said tbe agaKy 
had manager) to deliver only 10 
percent of food needed in central 
Bosnia in November, and just un- 
der 18 percent in December. 

The fighting in Sarajevo came 
just a day after Croatian and Bosni- 
an leaders met in Vienna for two 
days of peace talks. They pledged 
“firm efforts” to stop the war in 
central Bosriabut stopped short of 
ordering a new cease-fire. 

Reporters who witnessed the. 
fighting on Thursday in Sarqevo 
said it was the heaviest in many 
weeks so dose to thedty center. 

Although much of the artillery 
fire has been directed at frontline 
positions, hundreds ctf rounds have 
hit civilian areas in the city. 

Despite the bombardment,' 
friend s and rdatiws gathered to 
bury six family members who were 
killed by a single shell blast as they 
sat down for a meal on Tuesday. 

“Does anybody in the worid care 
or hare nightmares because of what 
happened to uS?” cried Maja Drag- 
nic, 16, one of the few surviving 
relatives. 

■ Aid to War Grimes Panel 

The United States announced 
Thursday that it would provide $25 
million and make available inv es ti - 
gators, prosecutors and other per- 
sonnel to the special UN tribunal 
that has been set up to try those 
responsible for war crimes m the 
former Yugoslavia, The Washing- 
ton Post reported from Ovcar, Cro- 
atia. 

The announcement came after 
the chief UJS. representative to the 
United Nations, Madeleine K. Al- 
bright, visited the site of a mass 
grave near Vukovar in eastern Cro- 
aria. 


Shevardnadze Hays Down Foe’s Fate 

mnin - fAtTi - TV#, flu CTI H 1 leSdffiT. Ed U ftrf A. Shttild' 


TBILISI, Georgia (AT) — The Georgian kackr. KumdA-^Wrd- 
nadre on Thursday shrugged off repenrte of the death {J^®***^ 
saying that the fete- of the rcM leader Zviad K. Gamsaldmrfiawasas a 

martrr of “small importance” for the country. - _ ■■ . 

Mr. Shevardnadze did not express any emotion oy er me tgawted 
arirM* c* Mr. Gamsakhnrdia. the former president, although he said he 

-^WprrferGamsakhutdiatobealrve.”toriiycvcnL!Mt.GanEattur- 

dia “has long been apoCticAl corpse,” the Russian press agency Itar-Tass 
quoted MrTStcvaidnadzc as saying. . • _ ' 

Mr. Gamsakhnrdia, who was deposed in January 1992, led a rebellion 
aimedar unseating Ml Shevardnadze and re gainin g itepre adcne y- Mr. 
GamsakhurtSa’s wife said Wednesday that he had j olted h nnscffaftg 
bemg surrounded by government fences in western Georgia. But Geo^ 
man officials suggested he was shot in a quarrel with his supporters, and 
Mr. Shevardnadze^ spokesman said the gove rnmen t had no dear proof 
of Mr. Ganaafchunfia’s death. 


German Envoy Held onSpy Charge 


KARLSRUHE, Gennany (Rentas) — ' A German ambassador has 
been arrested an suroidoa of spying for East Germany during tbe Cold 
War, the federal public prosecutor said Thursday. . _ 

The proseentoris office identified the diplomat only as'Ramer 
“German ambassador in a black African state.” B3d Zexumg newspaper 
said the suspect was Rainer MBQa, ambassador to Gabon. - 
Thr st atemen t accused fbcinrocct, who was arrested on WeJacs day, of 
having been a secret agent for East Beriin’s Ministry for State Security 
starting in the 1970s. “After entering higher diplomatic service m 1980 
the accused held functions at the consulate in Rio dbJanaro, the German 
Embassy in Senegal and the Foreign Ministry in BoraC ^swd- 


Jels Bomb Rebels in Old KabolFoit r * 


KABUL (Reuters) — Government jets bombed the ancient Bala 
Hissar fort Thursday in an effort to destroy the headquarters of the ex- 
C^mmunist militia battling to demise President Brnhauuddm Rabbani. 

infantr y battles also raged in the capital between, government forces 
and fighters loyal to die northern vtmlord Gciieral Abdul Rashid Dus- 
fam and the two sides exchanged rocket and artfflayfirefors sixth day. 
Much of tbe fort was in rabble, but tire commander of General Dustam’s 
forces in Kabul was defiant, saying in an interview at the headquarters . 
that heavy bombing of the city would begin after civilian evacuations. 

Iranian diplomats tried fra the second day to mediate a cease-fire. An 
official of the International Committee of the Red Goss said matt (ban 
3,000 people had been wounded mat fighting broke out on New Year's 
Day. Hundreds are feared dead; tiiere arc no precise figures. 


J^wntoOverimuIMilharyDoctiiTO 


TOKYO (Reuters) — Japan will soon overhaul its basic ntiEtaiy 
doctrine, which dates from toe height of die Cold Wa^ and redefine roles 
for the armed forces, a Defense Minis try spokesmm said Thursday. ] 
Prime Minister MorihiroHoaolonra sudlast wedche would summon a 
panel this year to redefine the roles and capabilities of dm services. The 
mimstiy spokesman said it was not dear^ when the panel woohl be named 
and when ft wonkl meet, but coaEtion officials sad not before Jnjy. • 
The new doctrine could include dans for shooting down ballistic 
missiles, some nmustzy nffidalu said. Tokyo has been deepfy wooied 
about North Korea’s tests of ballistic missiles capable erf hitting Japan. 
Officials said army strength would probably remain the same at 150, 000. 


Attacker Qubs U.S^ Skating Champ 


was attacked ^hureday by a ntroi^hn-haon^l^widi a matafban- . 
.flhp-assailant escaped., Miss Kerqgan was treated, at a hospital and - 
released. ..." ii:*. 1 

Miss Kerrigan was leaving the ke after puctiix when a man ran up 
bdiind her and hit her several tmk» on the knee witiiwhat a witness w. 


“It hurts so bad, it hmts so bad,” the wttness said. 


For die Record 


South African polce hare nested two alleged Waci gnemBas near the 
Transkei homeland on suspicion of involvement in the skyings of three 
women and a man in a Cape Town bar. Law mid Order Minister Hemus 
Krid said Thursday they were confirmed .members df the Azarian 
People’s liberation Army. . .--.f •' (Reuters) 

Most shops remained shutfaiY«Mui rifles for die second day Thursday 
following demonstrations against high prices and a sharp drop in die 

value of the local currency. (Reuters) 

Roman Herzog, the ddef of Gomany** highest coni, moved an 
important step closer Thursday to becomnm the conservative candidate 
far president Mr. Herzog, 39, Chancellor Helmut Kohl's endorse- 
ment, Finance Minister Theo Waigd sauLHessrid his Bavarian Christian 
Social Union and Mr. Kohl's Christian Democratic Union would bad 
the president of die Cons tituti onal Court to succeed Richard von Weiz- 
sSckerinMay. ~(AP) 


TRAVEL UPDATE 


Ex-US. Envoy 
Quits in Protest 


The Assodaud Press 

WASHINGTON — Warren 
Ziimii Miiiaiin, & former U& 
ambassad or to Ytmoskvia, is 
resigning from the foreign ser- 
vice in protest of US. pdky in 
Bosnia and other aspects of for- 


eign policy, a government offi- 
cial said Thursday. 

Mr. Tjinmetmarm director 
of the Office of Refugee Af- 
fairs, is tbe fifth State Depart- 
ment official to quit for reasons 
related to Bosnia poky in the 
last 17 months, and by far the 
most senior. 

He n rate known his deevdm 
in a letter ro Secretary of State 
Warren M Christopher, said 
the official who asked not to be 
identified. 


Most US. ahfines began cifertag lower tees in an effort to increase 
traffic daring the slow winter season, but the cuts^ "followed an increase 
that went into effect a week ago. NoctixwratAirizses began tbe eras and 
was followed by almost all major camera. Tte deaest duoomttsrange to 
45 percent for travel between Jan. 18 and Fd>. 16, with lesser discounts 
beriroenFeh. 17 and April 15. Travdera have only matil Tuesday m which 
to buy tickets. But airimes sometimes extend the date OF sales. (WP) 
China rrised air fares about 50 percent to make up kwses caused by tbe 
devaluation of its currency on Jan; 1, the China. Daily said Wednesday. 
Passengers who still have the qietiaL foreigners* currency — Fqr md 
E xchange Certificates, or FECs, which win be phased out under currency 
reform — can pay the old fares. (Reuters) 


the airport area, a zone filled with rental car agencies «iH hnhJT rttai has 
become notorious for crimes against visitors. (Reuters) 

. FHSppine Ahfines has flown with a crew at woratu for the fist time, 
airiine officials said Thmsday in Manila. ^Captain Aimee Carandan& tbe 
ooumiy*s first female commercial pilot, who has logged morc than 24 JQ 0 
Byrne hours, flew the 54-seat, Fokker 50 on a regnlar flight Tuesday from 
Marik to Gebu. (Ratten) 

fflzaberigwfflk^aflotfe of warships 
beaches of N ormandy in June to c twnme mn r ^ ti i * t^. arm K wwTy af 

the D-Day l a nd i ngs , Prime Minister John. Major said Thmsday. The 
queen win be acconmaried by the heads of stale of sometf 4 he Allies hi 
Worid War n an her voyage, including Presidents Bill Cfinttm and 
Frames Mitterrand, he sard... . (Reuters) 


With MCI CALL USA and MCI WORLD REACH services, 
reaching around the world has never been easier. 


^\X\\ 


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operator mil put your call enrougn to anywtwre tnche 50 States as well as a growing list of participating wow Reach oountriesr^ - ' 



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For heaven's sake, Grace, 1 know if s easy. 
But ya gotta stop talking up a storm. 


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■Whwdo)r£cwtj<}eofCa.iawiCPfirsi Wwi ourvoeoruna the sons OArt/ern 190 'Untedaattttry *IG*at^fcioUS crW ‘ ‘ ■' 
a un* courcrei pub^c 3ajr« mar 'hju't «pow of .tw a fro* cad for -iiai rcre SSeraoe ouWc telmhom nay be taved 

Rare ■3et.ena>*.ca.' "Sovreawiiae on a imued tw»m easemCennv^ OmQ hnwranonal bx. I9« ' . •' ' ■ 

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faprjxe psr Offprint. 73 rve dc TE\ang:k. 75018 Paris 













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WHITE 


± POLITICAL NOTES* 


jjjMBcal Group at Odds With lt» Lobbyists 

WASHINGTON — The political aim of the American Medical 
association gw® mere money, on average, to congressional candi- 
dates who oppose the group’s positions on important public health 
isso« than to those who support such positions, a new report says. 

“je/epoft. published Thursday in The New F- n g) ?nd Journal of 
Medicine, concludes that the political action committee affiliate d 
^Tth the ass ocia ti on “contributed more frequently and more heavi- 
ly to conservative lawmakers, despite the fact that they often 
opposed the association's positions on issues like tobacco exports 
and federal restrictions on abortion co unseling, 

Dr. Steven S. Sharf stein, an author of the report, the commit- 

tee, known as Ampac, “inadvertently underarm es the public health 
agenda of the AMA." 

^ la giving money to members of Congress, Mr. Sharfstein said, 
“Ampac emphasizes the economic concerns of physicians more than 
the excellent public health stands of the AMA itself." 

From 1989 to 1992, the study said, the political arm of the 
association contributed an average of SI3.27G to members of the 
House of Representatives who opposed the association on three 
major votes, while “members who sided with the AMA on all three 
voles received an average contribution of $8,800.” 

James S. Todd, executive vice president of the association, said 
that while the findings were interesting, “no credible conclusions" 
could be drawn because the study was too narrowly focused and did 
not consider the full range of the association's lobbying and public 
affairs activities. (NYT) 

New Battle Loo— for Budget Amandmtnt 

WASHINGTON — Another showdown is set in the long-running 
drama over an amendment to the constitution that would require a 
balanced budget This time, however. President BiU Clinton will 
weigh in against it with a powerful new argument; Health care 
reform cannot be achieved if lawmakers must limi t .^pending to 
match revenues each year as such an amendment would require. 

Proponents appear to have momentum in both the House and the 
Senate, winch must each approve the amendment by a two- thirds 
vote to send it on to state legislatures for final consderation. 

In the Senate, which is expected to vote Feb. 22, advocates claim 
60 of the 67 votes they need. Only 20 senators have voiced their 
opposition. 

The remaining 20 undecided senators will be muter pressure from 
both camps. This time, unlike efforts to pass a balanced-budget 
amendment in 1982, 1986 and 1992, the While House wOl be using 
its influence against the proposal. 

The president favors balancing the budget in principle, but has 
warned that to do so with an amendment is to use a blunt instrument 
that would require huge tax increases, enormous reductions in Social 
Security benefits and “major cuts in Medicare and Medicaid that 
would make it impossible to pass meaning ful health reform legisla- 
tion." ( LAT) 

Clearing the Air on Ex-Pr—ldwit’s H onlth 

ROCHESTER, Minnesota — Despite being shot and having two 
potentially serious medical conditions, Ronald Reagan was in good 
health while he served as president, according to medical records. 

The records were released Wednesday and are summarized in the 
Journal of the American College of Surgeons by Oliver H. Beahrs of 
the Mayo Clinic. Dr. Beahrs has been a medical consultant to Mr. 
Reagan since 1986 and is a longtime friend of Nancy Reagan's. The 
journal was edited for 44 years by Mrs. Reagan's father. Loyal Davis. 

Much of the information has been revealed before. Dr. Beahrs 
said, but he and the Reagans wanted the details released to break 
from a historical course of covering up former presidents’ medical 
problems. (AP) 

Quote/ Unquote 

Bob Dole, the Senate Republican leader, on the death of Thomas 
P. O’Neill Jr„ the former Democratic representative and House 
leader: “Up O'NeQl was the congressman’s congressman and pro- 
vided great leadership as speaker of the House of Representatives, 
and certainly will go down in American history as one of the great 
political leaders of our time. I consider him one of my best friends in 
all the time I’ve been in Congress." (AP) 


Special Counsel Possible, Reno Says 


By Michael Isikoff 

Washington Past Service 

WASHINGTON — Attorney General Janet 
Reno suggested Thursday that she would seek 
court appointment of an independent counsel 
to investigate Bill Onion's involvement in 
Whitewater Development Cotp. if Congress, as 
expected, approves legislation soon to reautho- 
rize the mdependem counsel statute. 

Amid numerous calls for Ms. Roto to ap- 
point a special prosecutor on her own, the 
attorney general reaffirmed her refusal to do so 
now, saying at a news conference that such a 
move “simply doesn’t make sense" at the mo- 
mem because Congress appeared to be on the 
verge of re-enacting the independent counsel 
statute. 

Depending on the precise wording of the 
statute, she said, “There might be the possibili- 
ty for me to petition the court for the appoint- 
ment of an independent counsel" in the 
Whitewater affair. But bringing in a special 

prosecutor now, she added, would only cause 

^diouption and delay" in the ongoing Justice 

dally since ttecauunTmay soon be empowered 
to appoint “even a thud person." 


Although Mr. Reno declined repeatedly 
Thursday tfcbmmit hercdf to seeking such an 
appointment, ft' was the fust time she publicly 
suggested sJteiWpu&i use a new independent 
counsel law to launch an independent probe 
- . Bjfll and HilTary Clinton were partners in the 
Whitewater real estate development plan in 
Arkansas with James McDougal, a political, 
badeez; and his wife; Mr. McDougal was the 
owner of a faSed savings and loan that 
under investigation by the federal authorities. 

Ms. Reno's comments suggested that she was 
seeking to send a signal to members of Con- 
gress and the WhiteHouse on what has become 
sensitive issue within Ok adminis tration 
Pressure for the appointment of an indepen- 
dent counsel was buDding Thursday in the 
wake of new disclosures that a lawyer far Mr. 
Clinton had discussed the wording of a subpoe- 
na for Whitewater-related documents with Jus- 
tice Department lawyers late Iasi month, short- 
ly before a federal grand jury subpoena was 
served for the president's material on Dec. 24. 

White House sides, who have refused to 
release these documents to the public, said that 
they had sought the subpoena to ensure that die 


material would not be “leaked” to the media or 
members of Congress. Federal law forbids un- 
authorized disclosure of any material that is 
beforeagrahdjury. 

As related by White House and Justice De- 
partment officials, the president’s lawyer, Da- 
vid KendaB, and Justice Departmait lawyers 
discussed the wording of the subpoena on Dec. 
23. When the Justice Department informed Mr. 
Kendall that they already had a draft subpoena 
for the Whitewater documents, Mr. Gmton’s 
lawyer then suggested that it be even broader. 
This had the effect of protecting more material 
-from public disclosure. 

The sketchy accounts of the talks prompted 
Republicans to charge that the Justice Depart- 
ment was bring used to serve the president’ s 
political interests by placing a lid over the 
Whitewater material. 

The Senate Republican Header, Bob Dole of 
Kansas, said it was “unprecedented to lave the 
White House and the Justice Department wak- 
ing together mi a subpoena.” 

He added that Ms. Reno had “let the White 
House take over the investigation, which is a 
Mg/ big mistake on her part” 



Ex-Business Partner Pleads 
Not Guilty to Embezzlement 

By Howard Schneider 

Washington Pcft Service •_ 

WASHINGTON — Susan McDougal a partner of Preadfflt 
Cfinton in an Arionsas real-estate venture, has been chargetirfl 
California with embezzling nearly $200,000 from the conductor 
Zubin Mehta aid bis wife, Nancy. 

Mrs. McDougal pleaded not gidhy last week in a Los Angeles 
court to Forgery and grand-theft (marges stemmi ng from her employ- 
ment as the Mehtas' persona! bookkeeper from 1989 until July 1992. 
Mrs! McDougal was a part-owner of the Whitewater Development 
Carp, along with her former husband. James, and the Clintons. 

A complaint filed by the. Los Angeles District Attorney and a 
sepaotecM action brought by the Mehtas allege that Mrs. McDou- 
gal forged nearly 300 checks on the Mehtas’ account to pay personal 
restaurant, hotel and other expenses- Following a brief arraignfnral, 
she was released on $3S,000 bond and allowed to return to her 
current home in Tennessee. 

The charges are the latest bump in what has been a roller-coaster 
ride for Mrs. McDougaL Dmingthe early 1980s, she was well known 
in Arkansas as Jim McDougal’s partner in the operation of his 
Mariisnn Guaranty Savings &Loan, where she was a stockholder, 
board member and head of the thrift's marketing operation. 



President’s Mother, Virginia Kelley, Dies 


TbcAsnouslPtaa/IW} 

Mr. CEntoo and Iris mother, Virginia Kelley, at an inaugural bafl. 


The Associated Pros ' 

HOT SPRINGS, Arkansas — 
Virginia Kelley, 70. President Bill 
Clinton's mother, died of breast 
cancer Thursday. . . 

Mrs. Kelley, a retired nurse anes- 
thetist, dealt with adversity with a 
confidence chat bordered on cocki- 
ness, and friends said Mr. CHnton, 
who idolized his mother, dealt with 
personal and political trouble by 
following her example. 

She outlived three husbands, one 
an abusive alcoholic. She lived 
apart from KD. her oldest child, for 
two years early in his life white she 
furthered her education so she 
could “give him the best." She 
helped her only other child through 
drug addiction and prison. 

With penciled eyebrows, a streak 
of white in her daric hair, and a 
passion for nightlife and belting on 
horses, Mrs. KeDey was a colorful 


sidelight throughout her son's car 
reo-. Of her critics, she said, “Those 
are the people who are used to 
women being shrinking violets." 

She was fiist diagnosed witfrean- 
cer in 1990, just before she started 
working for Mr. Clinton’s rejec- 
tion as governor. She underwent a 
mastectomy and was campaigning 
five days later. Last year, she said 
she had a recurrence of cancer and 
was undergoing chemotherapy. 

Clay Farrar, the son-in-law of 
Mrs. Kelley’s current husband, said 
she had lundi with friends Wednes- 
day “and literally, out of the blue, 
passed away in her sleep.” 

Mrs. KeQey was born Virginia 
Cassidy in Bodcaw, a small com- 
munity about 12 (19 kilome- 

ters) from Hope. Her parents ran a 
grocery in Hope, often extending 
credit to poor blacks or ignoring 
th«r hills altogether. 


After high school she went to 
nursing school in Shreveport. Loui- 
siana, where tire met and married 
Wflham Jef ferson Bly the, a sales- 
man. He died in a car accident 
about four months before the fu- 
ture president was bom. 

Two years later, Mrs. Kelley 
moved to New Orleans to special- 
ize in anesthesia at Charity Hospi- 
tal, leaving her young son, KH, 
with hex parents in Arkansas. 

“He deserved the best," she said. 
“I warned to be able to give him the 
best” 

In 1950, she married Roger Clin- 
ton, a car dealer from Hot Springs. 
It was a troubled marriage, in large 


part because of his alcoholism. He 
never struck the children, but be 
did hit his wife until his stepson put 
an end to it at age 14. 

Mrs. Kelley said young Bill 
broke up a quarrel by barging into 
his parents' bedroom and saying. 
“Don't ever strike or lay a band on 
my mother ever again. Not ever." 

Roger Clinton died of c an ce r in 
1967. Her third husband, Jeff 
Dwire, a hairdresser, died of diabe- 
tes after about six years of mar- 
riage. 

She married a retired food bro- 
ker, lUdiard Kelley, in 1982. Tliey 
lived in a small laWritfe home in 
Hot Springs. 


Tip O’Neill, 81, Former Speaker olIJ.S. House 


By Martin Tolchin 

New York Times Service 

Thomas P. (Tip) O’Neill Jr, 81, 
an unreconstructed New Deal lib- 
eral from Massachusetts who rose 
to become speaker of (he U.S. 
House of Representatives for 10 
years, died of cardiac arrest 
Wednesday night in Boston. 

Republicans made Mr. O’Neill a 
target of their 1980 and 1982 cam- 
paigns, portraying him as a bloated 
old pol with outdated liberal Ideas. 

Mr. O’Neill was an okJ-*tytepd- 


itirian and 
speaker 


of it, a House 
enable with power. 


An early opponent of the Viet- 
nam War, Mr. O'Neill took strong 
positions on many controversial is- 
sues. He was the congressional 
leader who pushed hardest for the 
impeachment of President Richard 
Nixon. 

Mr. O’Neill was the speaker 
from 1977 to 1987, during the pres- 
idencies of Jimmy Carter and Ron- 
ald Reagan, both of whom tan 
against entrenched Washington of- 


ficials and considered him the ulti- 
mate insider. 

He was a lame, generous-spirited 
man with a bulbous nose, yeflowed 
white hair that flopped over his 
forehead and as ever-present cigar. 

To Mr. O’Nall, who spoke of the 
Democratic Party with near-reli- 
gious fervor, it was the parw of the 
cities, the working people, the poor, 
the needy, the unemployed, the sick 
and the disinherited.' - 

Me. CWeflTs speakmhip began 
in January 1977, the month Mr. 
Carter became president About all 


Tackling Nuclear Mess Makes a Name for O’Leary 


By Keith Schneider 

New York Tima Service 

WASHINGTON — Energy Sec- 
retary Hazel R. O'Leary was in her 
office in November when Dan 
Reicber, a top aide, pulled her out 
of a meeting and told her he had 
disturbing news. 

“I just found out about experi- 
ments you should know about," 
Mr. Reicher said- “People were in- 
jected with plutonium back in the 
. 1940s. There s a newspaper in New 
Mexico that’s about to lay out the 
whole thing." 

Recalling her reaction in an in- 
terview. Mrs. O'Leary said: “I said 
to him, ‘Let’s gel it oul Jnst throw 
it on the pile.’ It was another piece 
in our work to come dean." 

“The pile.” it turns out, was a 
■project Mrs. O’Leary had started in 
Mav to begin declassifying millions 
of Cold war records from Energy 
Department archives. 

At a Dec. 7 news conference, 
Mrs. O’Leary made the project 
public by disclosing some dosely 
held secrets about the U.S. nuclear 
arsenal such as the amount of plu- 
tonium the United States has pro- 
duced since World War IL 

But it was Mrs. O'Leary's vow at 
the time to follow up a seven-year- 
old request from Congress and un- 
dertake a thorough investigation of 
her department's human radiation 
experiments that caused the biggest 
sensation. 

Friends and colleagues said Mrs 
O'Leary’s actions illustrated the 
melding of instinct and political 
acumen that have marked her long 


career in govmnnent and the elec- 
tric utility industry. 

As the first black woman to head 
the Energy Department, Mrs. 
O’Leary said she was always sensi- 
tive to government-sanctioned pol- 
icies that were unjust or abusive. 
When she read in The Albuquerque 
Tribune how government doctors 
in the 1940s unwittingly exposed 
five Americans to plutonium with- 
out their full informed consent, she 
said, “It just hurt me." 

Among the subjects of the ex- 
periments was a 36-yearoId rail- 
road porter, Elmer Allen, whose 
injured left leg was amputated after 
it was injected with plutonium. 

Mrs. O'Leary said: “Mr. Allen 
appeared so utterly incapable of 
taking care of hiniself. My sense 
was nobody was looking out for 
Mr. Allen before the testing. He 
seemed like somebody who had 
been caught up in a giant machine. 
Those are the people who ought to 
be protected by the government 
from ourselves.'' 

She added: “1 was stunned by 
what I read, and it was dear getting 
this out was the right thing to do. I 
think that is the way this govern- 
ment is supposed to work.” 

So far, many supporters and crit- 
ics of the department agree that the 
investigation has been a triumph 
for Mrs. O'Leary and that it has 
produced political benefits for 
President Bill Clinton. As more ex- 
periments were disdosed by news 
organizations, Mrs. O’Leary called 
on the government to compensate 
people who had been harmed. 

The White House, aware of the 


growing attention Mrs. O’Leary 
was attracting, then broadened the 
inquiry to indude human experi- 
ments during the Cold War spon- 
sored by the Public Health Sendee, 
NASA, the Department of Veter- 
ans Affairs, the CIA and the Penta- 
gon. 

. In just four weeks, Mre. O’Leary 
had transformed herself from a rd- 


'He seemed like 
somebody who had 
been caught op in 
a giant machine.’ 

Energy Secretary Hazel 
R. O'Leary, referring to a 
man who was injected 
with phitonit 


loves but that is rare m Washing- 
ton: a cabinet official, acting on gut 
instinct, stands up and takes a bold 
stand At this stage; it also is politi- 
cally easy, since the experiments 
the government is investi gating , ad- 
ministration officials say, occurred 
before Mr. Clinton took of- 


ative unknown into a p rominen t 
cabinet member. 

“You can’t do anything in tins 
agency without trust and confi- 
dence," Mrs. O'Leary said in the 
interview. “But I had no idea that 
this would be as big a piece of 
bunding trust as it has. I thought a 
narrow public would focus on it." 

She went on: “As the days have 
passed since Dec. 7, I’ve gotten it. 1 
understand what is going on here. 
The public, I hope, sees a past 
which is alarming and app alling in 
the long ran, if we handle this well, 
that might bdp us to establish a 
reason to be trusted" 

It is the sort of story the public 


But behind Mrs. O'Leary’s con- 
cern for this comer of Cold War 
medical history lies a nest of other 
projects planned by the Energy De- 
partment that cany far higher po- 
litical price tags. One is a proposal 
to establish a new nuclear waste 
storage ate in Texas. Another 
would revamp federal environmen- 
tal cleanup standards. 

It is no longer a secret that the 
Energy Department, which once 
was charged with building the 
world’s most advanced atomic 
weaponry, was hardly a model of 
precision, tidiness or wholesome 
conduct Decades of sloppy operat- 
ing practices at the agamy’s net- 
work of bomb factories and labora- 
tories in 12 states have left a 
landscape tittered with radioactive 
and toxic wastes. 

Since 1988, well ova $20 billion 
has been spent by the department 
to solve the waste problem, but 
Mrs. O’Leary said there was tittle 
evidence that there had been any 
improvements. 

One reason that the pace has 


been so slow is the complexity of 
federal rates for cleaning up and 
disposing of wastes, which Mrs. 
O’Leary said shaiply increased 
costs while doing tittle to tower 
risks. 

The post-Cold War era also has 
saddled the Energy Department 
with the equally daunting task of 
g the nu * 


nuclear arsenal and 
ffiwnantUng highly 
bomb factories, some of them 
among the largest concrete and 
stainless steel structures ever buQL 
To meet these goals, Mrs. 
O’Leary said, the administration is 
proposing to establish at least one 
new nuclear waste storage site at a 
plant near Amarillo, Texas, and 
perhaps others. Mrs. O’Leary ac- 
knowledges that she most buikl her 
department's credibility to begin 
solving these formidable problems. 


Singapore to Lift Cad) 
On British Publication 

Seuters 

SINGAPORE — Singapore will 
lift restrictions on the circulation of 
The Economist starting Jan. IS. 

Soles of the British magazine 
were restricted in August to 7,500 
after a dispute over the pubtication 
and editing of tetters from Singa- 
pore government officials. 


they had in common was their par- 
ty. Mr. Carta had reached the 
White House as an outsider who 
disdained Washington inaders per- 
sonified by the gregarious speaker, 
who had worked ms way up from 
ward politics. 

In 1980, Mien the Republicans 
won tire White House and the Sen- 
ate and cut deeply into the House 
Democratic majority, the speaker 
privately, blamed Mr. Carta, be- 
%a B6vixig hizD inept. L 

From 1981 to 1987, Mr.GNdll 
ted the opposition to Mr. Reagan, a 
man with whom be shared an Irish 
heritage, an interest in sports and 
an outgoing personality. 

But the two disagreed about gov- 
ernment Mr. O'Nall regarded gov- 
ernment as the solution to social 
problems, as an agent of social 
change. Mr. Reagan regarded it as 
a problem in itself, interfering in 
the lives of Americans. 

Mr. O'Neill was born in a work- 
ing-dass area of Cambridge, Mas- 
sachusetts. EEs father was a Cam- 
bridge city oouncOman. His mother 
died when he was a child mid his 
father remarried. 

He picked up the nickname Tip 
from a baseball player, James Ed- 
ward O'Neill of the old St Louis 
Browns. 

Educated in Catholic schools, 
Mr. O'Neal broke into politics at 
15. campaigning for Al Smith in his 
1928 presidential campaign against 1 
H erb ert Hoover. Four years later, 
he helped ret out the vote far 
Frankhn D. Roosevelt 

He was elected to the Massachu- 
setts House of Representatives in 
1936, where be rose to speaker, and 
where he remained until 1952 
when, be was elected to the UR. 
House. 


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Away From Politics 


• The release of a new policy on ground combat roles lor women nas 
been halted by Defense Secretary Les Aspin because it is vague and 
might curb opportunities for them, military officials said. The policy 
could exclude women not only from frontline infantry, but also from 
most jobs in combat engineering, field artiQeiy, short-range air 
defense and other areas dose to the battlefield, the officials said. 

• A Baptist preacher faces criminal dra-ges for allegedly plucking an 8- 

vear-oid from a pew and tossing him to demonstrate how God wOl 
pitch the devil into hell The Reverend Anthony Dearinger, 32, pastor 
of Hillsboro Independent Baptist Church in Scram Gty, Illinois, 
pleaded not guilty to child endangermem, cruelty and battery. 

w Employ os 1 costs of pwwkfc^meJcri benefits held st eady in 1992 for 
Ihe first time in more than a decade because of larger employee 
contributions, the US. Chamber of Commerce reported. It said 1.100 
companies that employ a total of 2J million workers spent $3,504 per 
employee, or 10 3 percent of payroll on medical benefits. 

• Dr. Jadt Kevorkian walked away free from Ks arraignment in Royal 
Oak, Michigan, on a new charge of assisting suicide after supporters 
paid hisSlOO bail. He promised not to take part in any more suicides 
and must wear an electronic bracelet that monitors his whereabouts. 

• A 42-ycar-oW man who used an unlicensed gtm to HD two teenagers 
he said were robbing him at gunpoint in New York pleaded guilty in 
state Supreme Court to a weapon possession charge, and the judge 
said he would most tikdy sentence him to probation. 

Ream. AP. NYT 



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(ah 


KMW BWG 

Mm Bodenverwertungs- und -verwaltungs GmbH 


Closing date 
February 21, 1994 


Tender for the sale of 

Housing Land 

BWG Bodenverwertungs- und -verwaltungs GmbH has been entrusted by the German Privatization 
Agency fTreuhandanstalt) with the sale and administration of former statfrowned land and forestry 
areas in eastern Germany. 


Housing development land "Am Suolinqer Berg" 

At Haldensleben near Magdeburg, eastern Germany, site area of about 275,202 m* 
(Bids for plots of-at least 6 hectares also accepted). 

The historic town of Haldens- 
leben (population of 22,000 and 
seat of the future district of 
Beber-Ohre) is located in the 
northern catchment area of the 
region of Magdeburg with a 
population of 450.000. Thestate 
development plan of Saxony- 
Anhalt envisages Haldensteben 
as a regional centre. 



Wilh its sound infrastructure, 
the town of Haldensleben has 
attracted well-known major 
enterprises such as Otto mail- 
order company (DM 500 million 
investment in the first phase of 
construction!. This has boosted 
the local economy and created 
some 2,000 new jobs. The land 
is situated on the western edge 
of town with neighbouring for- 
ests. 


Locational advantages: 

• Distance to Magdeburg, the state capital of Saxony -Anhah. 
some 20 km, to the motorway Bertin-Hannover 1 5 km, 

• Commuter rail connection to Magdeburg; 

• Booming business in the town and -surrounding region is 
creating a strong demand for housing; 

• Very good leisure amenities with two largo nature reserves 
(e.g. Colbrtz-Letzlinger heath) and a variety of local recreational 
facilities. 

The Town of Haldensleben has decided to prepare a project and 

development plan for general housing construction in the form of 

single-storey and two-storey buildings 


Full details are available from the Central Tender Office to be contacted under the following address 
The attached terms and conditions apply 


BWG • Zentrales Ausschreibungsburo 

WaBstraSe 9-13 -D-10179 Berlin 


Tel. +49-30-2035 1 404 
Fax +49-30-20351471 


1 - 

• I f * 

f-i ' 


p 

El -l 
S'!' 

m 

r : - 

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HVTERNATIONAL HERALD TRIBUNE, FRIDAY, JANUARY 7, 1994 




Israel and PLO Agree to Renew Talks 


By David Hoffman 

Washington fast Struct 

JERUSALEM — Israel and the Palestine 
Liberation Organization agreed Thursday to 
resume the stalled negotiations on carrying out 
Israels military withdrawal from the Gaza 
Strip and West Bank town of Jericho, but a 
final agreement appeared to be weeks away. 

In a joint statement by Foreign Minister 
Shimon Peres and Abu Mazen, a top aide to the 
PLO chairman, Yasser Arafat, the two sides 
announced plans to return to the bargaining 
table at the Egyptian Red Sea resort of Taba, 
probably early next week. 

[Meanwhile, Israel said it would release more 


than 100 Palestinian prisoners on Friday morn- 
ing. Reuters reported!. An army spokesman said 
all the prisoners were members of Palestinian 


E oups that back the peace deal signed between 
rad and PLO last September. All of them 
were due to finish their sentences by the end of 
January, he added.] 

The announcement of a resumption of peace 
talks ended a dispute over the outcome of the 
last hrael-PLO meeting in Cairo. 

Mr. Peres accused the Palestinians of back- 
pedaling from a draft paper outlining compro- 
mises on such issues as control of the border 
crossings between Egypt. Jordan and the new 
Palestinian entity. But the Palestinians said 
they had never agreed to the document. 

The two sides said they would now go back to 
the table on the basis of the Cairo “understand- 
ings'' as well as Lbe original “declaration of 
principles" negotiated secretly in Norway. The 
announcement also included a pledge by both 
sides that “once an agreement is made, it can- 
not be changed uni] a ter ally." 

The negotiations are aimed at paving the way 
for Israel to begin pulling troops out of Gaza 
and Jericho, a process that was supposed to 


have started Dec. 13 and to be completed by 
April 13. 

But Prime Minister Yitzhak Rabin signaled 
Thursday that be would demand a complete 
resolution of all differences with the Palestin- 
ians even if future deadlines are missed. f 

“There are no sacred dates," Mr. Rabin said 
during a visit to the Allenby Bridge crossing 
between Jordan and the West Bank. “Every 
phase has to be negotiated, agreed, signed ana 
only then be implemaucd.” 

He added: “I don’t see any major problem in 
postponing. The dates are secondary to the 
purpose of the whole agreement." 

Mr. Rabin issued another warning to the 
Palestinians not to try to reopen issues that 
have been settled at the table. If they did, he 
said, “We will not feel we are committed to 
what we said on certain issues.” 

A senior Israeli official said the talks would 
take several weeks or longer to conclude, be- 
cause of the complexity of the issues. The major 
outstanding disagreements include the mechan- 
ics or shared supervision of the border cross- 
ings, and the size and shape of the Palestinian 
enclave in Jericho. 

Mr. Arafat has sought exclusive control of 
the border crossings as wdl as control over the 
roads leading to them. 

Israeli news media disclosed this week that 
construction had already begun on a new Israeli 
bypass road around Jericho that would appear 
to circumscribe the new Palestinian entity on 
the east, denying the Palestinians control over a 
direct corridor to the Allenby Bridge. 

The new bypass is designed to permit Israe- 
lis, destined for northern part of the Jordan 
Valley, to drive around Jericho. At present, 
they have to pass through the center of town. 

Since the abortive Dec. 12 meeting between 


Mr. Rabin and Mr. Arafat in Cairo, the two 
sides have held meetings in France, Norway 
and Egypt in an effort to narrow differences. 

The negotiations next week are to be beaded 
by a PLO negotiator, NabQ Shaath, and by 
Am n on S hahs k, the deputy Israeli Army chief 
of staff. 

Also Thursday, violence flared as a Palestin- 
ian stabbed an Israeli soldier in north Jerusa- 
lem, and was shot and killed by other soldiers. 
The assailant plunged a knife into the soldier, 
grabbed bis gun and ran. the police said. He 
was then slain by pursuing troops. 

The authorities said they found a leaflet cm 
the body of the Palestinian, who was a Gaza 
resident, saying he was a member of the mili- 
tant Islamic Jihad group, which opposes the 
peace accord. 

■ Arafat Holds line on Power 

A leading Palestinian critic of Mr. Arafat’s 
autocratic leadership of the PLO said Thursday 
that the chairman had rejected all demands for 
democratic reform in the movement. The Asso- 
ciated Press reported from Tunis. 

“ Chair man Arafat keeps the decision-mak- 
ing in his hand," said Haidar Abdul Shaft. the 
head of the Palestinian delegation at the 1991 
Madrid peace conference. 

He made his remarks after leading a group of 
seven dissidents from the Israeli-occupied terri- 
tories in two days erf 1 talks with Mr. Arafat 
Their mission to PLO headquarters followed a 
chorus of at tacks on Mr. Arafat's handling of 
the peace process. 

Last weekend. King Hussein of Jordan and 
Israeli leaders accused Mr. Arafat of reneging 
on promises during the negotiation process. 

The Palestinian dissidents complain that Mr. 
Arafat is keeping too much authority for him- 
self. 


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[t, 1 1 T- T 1 -iT-i 

ii v . ■ I i 


EUROPEAN 


TOPICS 


Basel’s Catholics Seek 
Protestants 1 Advice 

The Roman Catholic diocese 
of Basei has called all Christians 
in its district — Protestants as 
wefl as Roman Catholics — to 
hdp it choose a new bishop. 

The current bishop. Maxisi- 
gnor Otto Wflst, is resigning for 
health reasons, and the church 
says any inhabitant of the region 
is free to n omina te a successor. 
"If Protestants write to os,” a 
spokesman said, “their opinions 
will be valued." 

The diocese’s 18 canons will 
vote for a candidate, whose name ‘ 
will be sent to Pope John Paul n 
for confirmation. If the Pope re- 
jects the name, the selection pro- 
cess begins anew. The procedure, 
which is without modem paral- 
lel has its roots in accords 
worked out at a time when Ba- 
sel’s bishop-princes had uneasy 
relations with Rome. 

Around Europe 

In Germany, op to now a smok- 
ers' paradise, some politicians 
are proposing a ban on smoking 
in the workplace and most public 
places. Its fate is uncertain. 

Roland Sauer of the Christian 


Democratic Party plans to intro- 
duce a bill this month to limit 
smoking to designated areas in 
airplanes, as subways, in larger 
restaurants and at the workplace. 
He has support from about 40 
other legislators, including So- 
cial Democrats and Free Demo- 
crats. 

But smoking also has its vocal 
supporters in Germany. When 
Lufthansa, the national airline, 
banned smoking on domestic 
flights, it had to relent amid the 
public outcry. And unlike in the 
United States, it is rare for a 
no n sm oker to berate someone 
for lighting up in public. 

Scaffahfing mO cover (be lace 
of Paris's Notre Dame Cathedral 
through this year and part of 
1995 as a restoration project, be- 
gun last year, moves to the 69- 
meter (225-foot) north and south 
towers and the upper parts of the 
facade. At the same time, a study 
will begin on repairing the intn- 
catdy sculpted portals — once 
multicolored against a gilt back- 
ground, but now of unadorned 
stone. A stone-cutting atelier has 
been set up behind the apse of 
tiie cathedral which dates from 
1163. Only irreparable stones 
and sculptures wiQ be replaced. 
The cathedral will remain open 
throughout the work. 

Wind-powered generators in 
Britain shodd produce sufficient 
energy to supply 10 million peo- 
ple by the end of the century, 


By Robert C Smer 

IntajutikKat Hendd Tribune 

WASHINGTON — The US. 
travel industry, herd bit by public 
reaction ta violent c rime s against 
tourists, announced a safety cam- 


information for travelers a rS a 
concentrated lobbying effort far 


ar m control and legislation . 
would ™ke attack on tourists a 

federal offense. 

In outlining the campaign, in- 
dustry officials stressed that no 
pro gr ess otmH. be made without a 
" that includes the travel. 

t at all levels 


according to a survey by the Brit- 
ish Wind Energy Association. 
Nineteen wind farms in England . 
and Wales met the dectridty 
needs of ISOjOOO people last 
year. The British government re- 
cently extended into the nexi 
century a lew on nonfossff fuels 
that helps finance wind- farm 
construction. 

A veterinary smgeon was sen- 
tenced to a year's bard labor in ' 
Albania for cattle after 

pronvaent Commons in his vil- 
lage. an Albanian magazine said. 
Liria, a weekly published by an 
association of former political 
prisoners, said the case showed, 
that political conditions had 
changed Ettle smee the fall of Ihe 
Communis t dictatorship in 1990. 

Befiino Cnoi, the foamier Ital- 
ian prime whose career, 

was ruined by allegations of cor- 
ruption, has suffered a new dis- 
gracc. the word cransmo is being 
removed from the dictionniy. .■ 

Giancario OS. editor of tire 
prestigious dictionary Devoto- 
Oli, said the era of craxismo — 
which is a synonym for political 
decisiveness — was over. Mr. 
Graxi responded characteristi- 
cally to Mr. Oh’s excision, say- 
ing, “T think the imbecile who 
made the decision to remove the 
word u as big an imbetile as fbe 
one who decided to include it” 








lressbom 



f crime in 





* ™ ™ * V3 : 



importing 


levels. 

■ There was also support for the 
Traveler Protection Act introduced 
by Representative Neil Abercrom- 


bie, Demoa^crfHav^which 
would make crimes against. tourists 
a federal offense and give states 
and locaHties the option of asking 
for federai bdp in solving and pros- 
ecuting these crimes. 


UN Forces in Somalia ^ 

•Rotten 

KUALA LUMFUR — A Ma- 
laysian Army general has been mh 
pointed commander of United Na- 
tions peacekeeping operations in 
Somalia, Defense Minister Nip) 
Razak said Thursday. 

• The general, Abn Samah Abu 
Rakar, will take over the leadosh^i 
irom Ueutenarit Gooeral Cevik Btr 
of Turkey <m Jan. 20. Mr. Najib 
said Malaria had 1,733 soldiers in 
Somalia, but might send more as 
other nations pull oul 


INTERNATIONAL CLASSIFIED 


AUTO RENTALS 


BENT FROM DEMI AUTO 
WfflBO: FF 515 
SPECIAL QFFBI - 1 DAYS: Ff 946 
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Attention visitors 
from the U.S. i 


Repossession Sale al the Palais dc Justice in Paris, 
cm Thursday, January 13, 1994, at 2:30 pjn. in one lot, 
APARTMENT (about 680 sqm) PARIS XVI, 

43 Avenue Foch and Rue de la Pmnpe 
On the 2nd ft »tt writa^room, galle ry. t 
On ihe Avenue Foch: 1 bedro om »iih adjoining toilet, bathroom, bedroom, 
large salon, salon with rotunda. , 

On the me de la Pttmpe: snSkme room, bilUrd-. room, dining room, 4 bedrooms 

mth baihn»jmand4 halfJwths. _ ( , 

Next to the waitinerrwm: d'nknxjnu milet. Pantries, servant s room, lotchen 
Oh rfre badd.indiny toilet + »<n the wi tlr»T 
6 bedrooms and in the basement 2 cdors- 

STARTING PRICE: F.F. 1 .500,000 

Fcj fiirrfio m/ixirmiTn. plane istt 

C- de LYLLE MONTMARCHE. Direcin .rf the Cif-inn . i the Lite Sr ABADIE. 

2 JS .*«rj fhrai IV. 75CC4 PARIS. TeL- 42 72 07 41 iWve 4 e*i! xnJ, J* «* lB » 
t^nit deftwrJ kthe brttr, nn M.vd*T. Ixmatr II anlTrxsJar. hn-arr L. . W from *J0 m 1 1 am 


Auction ole sc the PaLiii de Justice nl Nantenv, 
on Thursday, January 24. 1994 at 2 p.m. in wie lot. 

On the 2nd Boor of a building 
AN APARTMENT OF 7 MAIN ROOMS, 
phe 3 bedrooms on the 6th floor with half-bath 
Located in Neuilly-sur-Seine (Hauls dc Seine) 10, Boulevard Maillot 

STARTING PRICE: F.F. 5.000,000 

F,v hin hor infi vnuim. rlewe call : 

M® WISUN. Lmwr 7 Av Je NbdnJ 0 KEUBAT 

/T.I 474777 Phum ■Mirm.l Vc4 24 linriry 1-Jam. mm Mare VTCSinA. 

to <92) - 16I<GA1A\TO«. »MGA £03 


LAKE WASHINGTON WATERFRONT PROPERTY 

Al least 3 internationally known billionaires recently paid over 
$25,000 per front foot (land value only] for Lake Washington 
(Seattle/Bellevue} property that exceeds 250 feet. 

They all knew what they were doing, Am 1 crazy to sell 295 feet 
of the best for only S5.9 million? 

Yes and No. 1 need the money new. My loss - your gain. 

To seal your once in a lifetime deal promptly, fax enquiries to: 
Ledezio International, Seattle, Washington, USA. 

Fax +1/206/453 2234. 


PLANNING TO RUN 
A CLASSIFIED AD? 

Place your Ad quickly and easily, contact your 
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FOR SALE 


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Please contact us soon, as only a few remain available 

CIA IMMOBILKARE. 

Via Montani 2, Merano, Italy. 

Mr. Pichler 

Tel.: 1+39) 473232810, Fax: 1+39) 473232810 


YOU SAW THIS AD. 

So did nearly half a million potential 
real estate buyers worldwide. 

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By R. Jeffry Smith : . - r: 

K'fcfchjfon AwSotw 

than ~ Washington JS DO doSCT BOW 

tJadaawmy afStateI^E.Daviv^ zena~- 
^ gav? an upbeat assessment of talks beweffl&e 

n°» SS2^ acknowlc ^ cd ihal were dose to' 

~ aff^wwnt on some xmetear rm^c^ that would 
tng^r ^daring the soepe of their aegotiatkws aod 
mowing them u> a high® diplomatic teveL • - - 
She also confirmed pressreparts thatTNonb Korea 
oao , agreed to another inspectido of its se»ra dedans! 
ouckar f acuities anri~3aid North Xnrra n nVc 

£xptx&ad to meeLwiih the Iatfi&atiooal Atomic- Ener- 
gy Agency in “the commg few days^ to work oci" 
details of the new inspection. ' •-•'•. 

.. Owcossing flie Jong-runmng U.5. effort to strode 
North Korea s devdopment of a ondear irartal an 
Wednesday, she -said tlmi North Korea had recently 
given WaatetgtdD “reason tobetiewT U was prepared 
to renew a direct dialogue with South Korea about me 
creatmn a noctear-free Kogem p wmwaita • 
pn Seoul, Reaiers reported that President Kith 
Young; Sam' sod Thtusday that North Kona was 
b^imung -to show signs of changing its poadon ao 
rmdear mspections hut that the wond shouTd hot be 


the : talks with Noth Korea and nbitt an imprtssjon 
ftat the *dtntaisttMK» had retreated from aninss- 

Korea’s aspaC ^ OOS 

- “1 think ftenfsbeeo sosacoafosion here," she said 
at^ ^thedq«rtinait , s icedatiy schednled bnefk^for 
rqx^m.Shc'SrtdThmWadnng{on wodd inass in 
. anynew,la^bud^d» muesoiving ^ooce andforaH 
our outstnoto isswsr with respect to the nactear 
policies of North Kona.” mdremg desaads by dte 
United Staies.and the International Atomic Energy 
Agency for additional mspeetibns c£ both dedared 
and mtdedaredtrtKkar facilitks there. 

ftesadent V& Cfiaton, at a 'White House meeting 
wth editorial writers and cohmntists Wedasday, also 
Awttvft «»> iryninnf »oy that thca dlTOT - 

istredon had retreated to aoacpttng taily ^ '* sin^enew 
mspecdoo. Otficr ofSdals laid the zsoe or wot 
inspeetkm had njo^y been deferred, not dropped. 

Ms. Davis’s remodcs about a meeting soon between 
officials of the inspection agency and North Korea 
were at odds with an account given by David Kyd, 
spokesman for the UN agnrey in Vienna. 

He sod -shat « North Korean official had been 
nonmnwiij cfll ^k& Ac agency proposed Wednesday 
to convene taBcs aznnediatdy hi Vienna aboor ifae new 
TnspectkHVsnri p red i c t ed that the rgcncy would not 
receive a formal reply from Pyongyang before 


U.K. May 
Test China 
Onlssueof 
New Airport 


I^we can eapect that real progress toward solving 
the i ssue w ill be made soon,” Mr. Kirn Mid at a news 
fionferenoa. -x XK coarse; we must mt become too 
optimisde." . * - . . • . 


Saturday- . 

. . Also; US. officials said dee had misspoken in idling 
reported that. Washington bad made so deddoa 
about its terns for 'cancellation rtf a joini military 
exercise with South Korea, known as Team Spirit 
North Korea has kaig demanded in canceHarico, and 
Wari&i^ att hasg h«n aan ra nce s that its cancelation 
wffl be aompunced v*en North Korea annmmces its 
readiness for another inspection and new talks with 
South Korea. . 

Rspqi&of the d»« ^'«ann on the nuhtary ccenase 
provok«%ei>atoc 3dm S. NfoCtin 3d, KqmblkaB of 
Adeems, tb denou n ce the adrmznstraticm Wednesday 
fargtviwnp too modi to get too Sttle 

He sm that caricefing jmxit mffitmy exercises "for 


■ m. muwuswnv us UUUWVICiMOUl WIISlUaS DCCQ' 

achieved so far in talks between &e United States and 
North Korea,” the South Korean president said **Bnt 
I can only say tbey are moving toward proness.”]. 

Ms. Davis did not say fwwrapidly North Kwea and 
South Korea would renew their talks or^ exactly when 
an inspection of the seven rites would begBi. 

Reforingto North Korea’s promise {o accept a new 
inspection and b^n Korean talks, she said Wadang- 
ton was “vary-doseT to having accotrmliiedJtluilrey 
demands it had ^pdled out as conditions Toe discus- 
sions between more senior diplomats. North Korea 
had sought such discussions as a forum f<nagreement 
on new txxiooanc and pc&tocaf ties with Washington. 

Officials said her statement was^ ^ meant to coumer 
growing criticism of the'adntisistmtioin's fuuuflingof 


the worst signal the United Stales could send.” 

Ibe US. potidan, Mr. McCain said, let North 
Korea know m advance a the profits to be realized by 
pr dif ecnion and saber nrtfing.” 


... . . r . view ca ine expense, out u is aoa- 

TEXTILES: U.S. Cuts Imports 4 Nations Protest “jaafigC 

Mr \ k . tttw A debts dial would result from Bnt 


mated ^7 bfilioa last year. In 
1988, China was the foiirth-hirgcst 
supplier to the United States, frith 
9 percent of die markeL In 1993, it 
ranked find,- with m»e than 13 
nooeiit of UJS: textile and dothing 
imports. 

The dispute over textiles is just 
one of several dhodSre WashingtOD 
and BeQm^ iridudiiig'.not : only 
trade contacts but di gamocesover 
weapons sales arid human rightsL 

On trtid^ ihe jDmted States is 
prosing for greater protection trf 
software, recor^ogs, and puhtica- 
tions under radiations Teganting 
mCetiectoal propexty- r^its- Tie 
Clinton - administration also 
djargcstiiaf trade barriers :to US. . 
exports contribute, to <hibm’s 528 


billion yemfy advantagein hflateral 
commerce;...^ • 

On weapons sales, a duraneat of 
Chinese missile parts to Pakistan 
pnmpted the adnmrisdatioiL.toao- 
verely restrict high-technology 
sales to China.' * •.• 

' Finally,: there is die continuing 
battle over China’s Tinman rights 
p e rfo rm a nce: 3n May, MirCtinton 

extended Chma’sino^awrtdua- 

tioa. trading status for one year, 
assuring OnnaaT thelcwest avafl- 
aMe tariffs on its o^icnte to die 
United Shtes, However, as part of- 
a deal with to alknr ddt to^s. 
Congress demanded that. China, 
show “significant, overall improve- 
ment” in the area of human rights, 
if it -wants die status extended next 

•; "..-..I.. 


At UN Over Iraq 

UNITED NATIONS, New 
York —The United States, Britain, 
Ranee and Russia have protested 
to Iraq over what they called wide- 
spread human rights violations, in- 
drscrimmate bombardments of d- 
vffians aid arb it iai y killings. 

In a statement Wednesday, they 
said they told Iraq’s UN ambassar 


demanded that Iraq stop ntistxeai- 
ing its ritizeos in the southern 
nMBdi« and in the northern Kurd- 
ish, areas. 

' They also cited a UN human 
rights report late last year of Iraq's 
mistreatment of mara Arabs in the 
sooth. . 


Ageoce Fronee-Preue 

HONG KONG — The colonial 
government said Thursday that in 
ibe absence of an agreement with 
Qima it might proceed with plans 
to finish a $21 bfition airport, a 
move that would worsen rriations 
between London and Beijing. 

Ftaancial Secretory Hamish 
McLeod said the British adxuinis- 
tration would, in the near future, 
rifccuy tmb local bodies how to 
proceed with tire project, which was 
aartedin 1991. 

Mr. McLeod said. “Quite soon, 
we intend to go to both tire Legisla- 
tive Council committee dealing 
with foe aiiport and to tire Airport 
Consultative Committee, update 
them on the positiaD as we see it in 
toms of both costs and timing, and 
have a dialogue with them on tire 
best way forward.” 

He said it was a “statement of 
fact” that with an anticipated bud- 
get surplus tins fiscal year. Hong 
Kang would have more money to 
spend on public works prefects 
such as the new airport at Chek 
Lap Kok. “But that doesn't mean 
that we’ve readied any ccodnatm 
an that," be said. “We haven't." 

"We are stiD awaiting a resolu- 
tion of the issue of financing, and 
specifically an the amount of li- 
quidity to inject,” Mr. McLeod 
said. 

<*Vma q uestions the expense of 
the project and has voiced concerns 
that Britain is using it to siphon 
money out of tire colony prior to 
tire transfer of sovereignty in 1997 
by awarding the majority of the 
contracts to British companies. 

Not only docs China take a dim 
view of tire expense, but it is ada- 
mant that Hong Kong’s future gov- 
ernment not be saddled with large 
debts that would result from Brit- 
ain’s hopes of using international 
capital to finance a part of the 
project not paid for with extensive 
Hong Kong government reserves. 

The two sides cannot agree on a 
definition of ‘Targe" or an anything 
else about the praect, which has 
now become mired in the British- 
Grinese dispute over political re- 
form. 

The new airport is one- third 
completed, but do buildings can be 
erected without either China’s 
agr ee m ent or the approval of the 
Legislative Council tor more mon- 
ey to be spent from government 
reserves. The latter route is certain 
to be a contro v ersial move, because 
Governor Chris Patten’s critics 
could mobilize to refuse tire re- 
quest. 


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By T.R. Reid 

WaJungior. Pea Sentce 

TOKYO — Emperor Aldhito 
and Empress Michiko wflj visit the 
United States in June, including a 
stop at Pearl Harbor, according to 
Japanese news reports. 

The trip, which is also expected 
to include visits to Washington. 


New York. Los Angeles and San 
Francisco, will be ure first by a 


Francisco, will be tire first by a 
Japanese emperor since 1975. 

Aldhito is responding to the invi- 
tation of George Bush, who sug- 
gested the visit when he was in 
Tokyo in 1992. 

Palace officials have declined to 
comment on news reports of tire 


trip. But the reports say that Alri- 
hito. 60, and Michiko. 59 will spend 


7,-i CkW TV* Kjmiu* (“tu 


WHERE THERE'S SMOKE — A woman hosing down tire walls of the Wombat Park general 
Store on Thursday in Gundeman. 70 mSes northwest of Sydney. There were at least 100 
bnshfircs raging out of control in the state of New Sooth Wales, with three people reported dead. 


about two weeks in the United 
States in mid-June. 

One point of interest daring the 
couple's stop at Pearl Harbor, near 
Honolulu, is whether they will visit 
the official memorial to tire UB. 
soldiers and sailors who died on 
Dec. 7. 1941, when the Japanese 
launched their surprise raid on 
Pearl Harbor. The Arizona Memo- 
rial on the rite is one of the most 
popular stops for Japanese tourists. 

The current Japanese govern- 
ment has been the most outspoken 
yet about facing up to Japan's re- 
sponsibility for World War IL 


U.S. Teams in Vietnam Start 
Search for Remains of MlAs 


THE WRATH OF NATIONS: 

Civilization and the Furies of Nationalism 


77k’ AiLiccleJ Prfrs 

HANOI — U.S. teams fanned 
out Thursday across old battle- 
fields in Vietnam in search of the 
remains of Americans missing in 
action. It was tire biggest such oper- 
ation since tire end of the war. 

The 84 Americans in eight teams 
have Hanoi's permission to roam 
tire countryside in both the north 
and south, according to Lieutenant 
Colonel David L. Fredriksen, a 
spokesman. The search is to end 
Jan. 28. 

Their efforts took on added sig- 
nificance at a time when the United 
States is considering moves to fur- 
ther relax or even lift the trade 
embargo on its former enemy. 

Admiral Charles R. Larson, 
commander of U.S. forces in the 
Pacific, is to arrive in Vietnam on 
Jan. 16 to check on the search 
teams' progress. He wQ] be the 
highest-ranking U.S. military offi- 
cer to visit Vietnam since the war 
ended in 1975. 


Presicer.: Bill Clinton has inoi- ■ 
ta:ed that his derision on the em- ■ 
cargo hinges on progress in getting , 
the'fcL’esi possible accounting of ; 
the U159 remaining MlAs. 

Five separate L’.S. congressional « 
delegations also are due in Vietnam j 
over the next 10 days to assess j 
progress on the MIA search and to j 
stud) potential trade relations with i 
Vietsam. j 

Western diplomats and business 
people point so recent develop- 
ments as indicators that tire Clin- 
ton administration will take some 
action on the trade embargo this 
year. Since Mr. Clinton's slightly 
easing of tire embargo last Septem- 
ber, a dozen U.S. companies al- 
ready have registered to bid for 
about $300 million in internation- 
ally financed highway projects. 


In nis new book, William Pfaff, acclaimed long-time 
political eolumninsf lor the Internationa! Herald Tribune, 
analyzes the rise - and fbe future - of modern nationalism. 

"The Welter Uppmann of bis generation offers a lucid and 
scintillating account, richly informed by history, of... the 
most potent political emotion of the age/ Arthur 
Schlesinger, Jr. 

"... a profoundly thoughtful and deeply felt book.' Walter 
Russell Meod, The New York Times Book Review. 

'... speaks to the central problem of our oge... 1 have not 
read anything so deeply upsetting, and yet so clarifying, as 
this stunning tract for our times.” Robert Heilbroner. 


Order your copies of TUB WRATH OF NATIONS 
by mail, phone or fax from: 


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goods and paniapauug in other 
commercial activities in Vie tn a m . 


The Village Voice, 6, rue Princesse, 75006 Paris. 
Phone: (33-1 1 46 33 36 47; Fax: (33-1] 46 33 27 48. 
Price: Fr. francs 1 76 plus postage. Payment by Visa, 
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Page 6 


FRIDAY, JANUARY 7, 1994 


OPINION 


Hcralb 


INTERNATIONAL 



eribitnc 


Pl'BL ISJJUJ WITH THE. SF» YORK TIMES AND THE WASHINGTON POST 


A Bomb lor North Korea? 


American strategy for bar gaining with 
North Korea over that country’s nuclear pro- 
gram has apparently been altered. U.S. nego- 
tiators have subdivided the problem before 
them. In the first stage of talks as they are now 
proceeding, the United Slates means to ensure 
that North Korea builds no more bombs than 
it already may have. But that pushes into a 
foggy future the previous and prime American 
thrust to ensure that North Korea builds do 
bombs at all. The United States is deeply 
concerned that Pyongyang might already 
have at least one bomb, it is said, but it is even 
more concerned that it might acquire more. 

On Nov. 7. President Bill Clinton said: 
“North Korea cannot be allowed to develop a 
nuclear bomb.*' Now it is authoritatively sug- 
gested thaL the president misspoke and that 
what he meant was that North Korea cannot 
be allowed to become “a nuclear power.” The 
apparent difference is that to be a nuclear 
power you need more than one nuclear device 
and also a delivery' capacity. Whether or not 
the president in fact misspoke, it alters the 
whole strategic landscape of East Asia if be is 
moving to live with a North Korean bomb, 
even if the move is meant to be iransienL 

Inspec lions by the International Atomic 
Energy Agency are the nilty-griuy. North 


Korea has been backing off from its obliga- 
tion as a non-nudear signer of the Nuclear 
Nonproliferation Treaty to permit certain 
IAEA inspections. In the latest round of an 
extended cat-and-mouse game. North Korea 
reportedly agreed to onetime inspection of 
seven declared nuclear sites. But its obligation 
is to accept not only one but repeated regular 
inspections, and not only of the seven sites but 
of the two suspect nuclear waste sites that the 
Koreans have pronounced off limits. 

The Clinton people, to keep North Korea at 
the table, seem in dined to “pay” it for doing 
what it should be doing anyway. But while 
North Korea stalls, there should be no discus- 
son at all of the terms on which the United 
Stales might suspend its “Team Spirit” exer- 
cises with South Korea. There should also be 
oo further delay in enlisting Japan and China 
in tightening sanctions. North Korea is not just 
some hostile country that could yet be made a 
neighborly one. but a deviant totalitarian state 
constituting a menace to peace. Its government 
is famous for its pathological secrecy and de- 
ceptions and to committing horrendous acts of 
violence against its neighbor to the South. It 
should not be allowed even to suspect that its 
possession of a nuclear weapon is negotiable. 

— THE WASHINGTON POST. 


Get Back Into Vietnam 


Put aside, for a moment, the emotional 
claims of a war a quarter-century ago that 
□early tcue America apart. The best reason to 
end the U.S. economic embargo on Vietnam is 
that it no longer serves American interests. 
With the rest of the world trading freely with 
Hanoi, the embargo punishes American busi- 
nesses far more Lhan it punishes the Vietnam- 
ese. And if the embargo were effective, it 
would be perverse. Present Vietnamese eco- 
nomic and foreign policies warrant encour- 
agement. not punishment. 

But, as the Clinton administration is again 
discovering, the emotional claims are not easily 
pul aside. Washington’s top Asia diplomat, 
Winston Lord, recently returned from Vietnam 
reporting that Hanoi is cooperating in the 
search for information about Americans miss- 
ing in action since the war. in exactly the ways 
Washington has suggested could bring a relax- 
ation of the embargo. The commander of U.S. 
Pacific Forces. Admiral Charles Larson, will 
also be visiting this month. But before respond- 
ing to Hanoi’s latest efforts, the administration 
has decided to consult its political advisers. 
This news has already restarted the old debates. 

Arguing against relaxation are many fam- 
ilies of Americans missing in action who fed 
that Hanoi’s cooperation has not gone far 
enough. While about 2.000 Americans are 
officially listed as missing in action, all but 
about 100 are now reasonably presumed to 
have died in bailie or captivity before the end 
of the war. The fate of the rest is less clear. 
While both Hanoi and the Nixon administra- 
tion declared that all surviving American pris- 
oners of war bad returned in April 1973, 


newly declassified information suggests that 
the Pentagon believed that some might have 
been left behind, especially in Laos. 

That suggests duplicity, by Washington and 
probably by Hanoi, which promised to return 
all Americans held in Indochina. But does it 
suggest that Hanoi still holds American pris- 
oners? No one has round hard evidence to 
support such a claim, despite a yearlong Sen- 
ate investigation and the Pentagon’s own 
search missions under the Reagan, Bush and 
Clinton administrations, it is understandable 
that MIA families remain skeptical, given the 
evidence that they have bear lied to. But bow 
long should American policy be driven by 
suspicion of old misdeeds that no one today 
can do anything about? 

On the other side of the argument is the 
reality of Vietnam today. It has transformed 
its economy along capitalist lines. It has aban- 
doned military interventionism. And it enjoys 
warm relations with such anti-Communist 
neighbors as Taiwan. South Korea and the 
Philippines. In many ways it is as if Saigon, 
not Hanoi, had won the war. Today’s Vietnam 
represents a deferred victory for some of 
America’s original policy goals. 

More than two decades ago, when America 
was agonizing over bow to extricate itself 
honorably from Vietnam with many of those 
goals unmet, a Republican senator from Ver- 
mont, George Aiken, offered a simple sugges- 
tion: Declare victory and get out Today 
America has a much more attractive option on 
Vietnam, if only it is bold enough to take it: 
Declare victory and get_m. 

— THE NEW YORE TIMES. 


A Papal Nod to Israel 


The formal recognition between the Vati- 
can and Israel ends a diplomatic anomaly 
and takes some of the bitter sting from a 
troubled relationship. Yet those troubles still 
unsettle, as is evident in the Holy See’s deci- 
sion to establish its embassy in Jaffa, which 
has an Arab identity although it is within Tel 
Aviv's municipality. Church spokesmen in- 
sist that a Franciscan building there was 
chosen for economic and technical reasons, 
not to define a political distance between the 
Vatican and Israel, ft is a textbook example 
of diplomatic euphemism that nobody is 
expected to believe. 

Few issues have caused harder feelings be- 
tween the Holy See and Israel than the status 
of Jerusalem. Successive popes have called, 
before and since Israel’s birth in 1948, for 
internationalization of the Holy City and its 
sacred shrines. What rankled (he founders of 
the reborn Jewish state was the indifference 
the Vatican had shown to the Ottoman regime 
in Jerusalem, when the city was governed by 
Arabs. When Israel proclaimed Jerusalem as 
its capital, however, and when the Old and 
New cities were united by Israeli arms in 1967. 
the Vatican began re-emphasizing the necessi- 
ty of internationalizing Jerusalem. 

Not just Israelis and not only Jews worried 
about the Roman Catholic Church's past con- 
doning of anti-Semitism, about Pope Pius 


XJI's silence during Hitler's war against the 
Jews, and about the Vatican’s reluctance to 
criticize Arabs — not least for refusing Jews 
access to their holy places when Jordan con- 
trolled East Jerusalem. These old wounds per- 
sist despite conciliatory statements by popes 
and papal conclaves intended to heal by ab- 
solving the Jews of blame for the crucifixion 
of Jesus. But the two ancient religions can 
now build on a new relationship, because 
Vatican diplomacy finally matches doctrinal 
statements on anti-Semitism. 

Recognition opens the way for John Paul II 
to make his first visiL to Jerusalem, surely a 
resonant occasion for the right words on the 
need for mutual tolerance. And despite past 
differences between Israel and the Vatican, 
the presence of a papal envoy will powerfully 
attest to the permanence and legitimacy of a 
Jewish state in the Middle East. 

Together with Israel’s establishment of fuQ 
relations with China and India, and with the 
likelihood that Jordan and Morocco will fol- 
low suit, the new ties with the Vatican can 
abate old fears of Arab encirclement and 
abandonment by an indifferent non- Jewish 
world. To that extent, the Vatican accord 
ought to boost lagging negotiations between 
an overcautious Israeli government and its 
overdemanding Palestinian partners. 

— THE NEW YORK TIMES. 


Other Comment 


A Three-Way Moscow Summit? 

The first Russian- U-S.-Ukrainian summit 
meeting in history might take place in Mos- 
cow during Bill Clinton’s upcoming visit to 
Moscow. According to Ukrainian news Ire- 
ports], Leonid Kravchuk has been invited by 
Boris Yeltsin to come to Moscow. 

Mr. Yeltsin’s press office and the Russian 
Foreign Ministry neither confirmed nor 
denied the information. A U.S. State De- 
partment spokesman said that a Clinton- 
Kravchuk summit was possible only if there 


were a breakthrough in the talks on 
Ukraine’s nuclear status. 

For Boris Yeltsin, who got U.S. backing in 
his dispute with Ukraine. Mr. Kravchuk's 
coming to Moscow would be a big diplomatic 
victory. It is hard to imagine that the Ukraini- 
an leader will come tc Moscow only with the 
aim of confirming his tough position on 
Ukraine's nuclear status. It looks as if 
Ukraine, driven to despair by its economic 
crisis and realizing its dependence on Russian 
fuel and gas. is ready for serious concessions. 

— Izvesua f A furrow;. 


I 
I 

I 

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International Herald Tribune 

KATHARINE GRAHAM. ARTHUR OCHS SULZBERGER 

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Set Criteria for 



\\T ASHINGTQN — Foreign 

W Minister Andrzej Olecbowsh 
visited Washington last month td 
make Poland’s case for NATO 
raemboship. This former finance 
minister, one of the architects of 
Poland's economic transformation, 
thought he was coming to the nation 
that stood by Solidarity in its darkest 
days, dealt carefully with Poland’s 
anxieties during German unifica- 
tion and led a Group of Seven effort 
with the IMF to ease the crush of 
debt on Poland’s reformers. 

Instead he faced a resolute Strobe 
Talbott, whose Russia policy in- 
forms Poles and other East Europe- 
ans that they are once again the 
lands between the great powers. 

In his own determined way, Mr. 
Talbott is one of few high UiL for- 
eign policy officials who has charted 
a course in his area of interest and 
fought to stick with it The problem 
is thatthere has been no strong coun- 
terbalancing force nuking the case 
for a European policy separate from 
Washington’s Russian calculations. 1 
hope President Bill Clinton's coming 
trip to Europe will broaden his per- 
spective about America's interest. 

The president could start by giving 
content to the a dminis tration’s Part- 
nership for Peace proposal As the 
Central and East Europeans have 
recognized, this 1993 initiative does 
not appear to offer anything beyond 
NATO’s 1991 deciskro to bring the 
Former Warsaw Pact nations into the 
new North Atlantic Cooperation 
CounriL The NACC design also in- 
cluded specialized features to draw 
these nations close to NATO. 

The United Stales should now 
propose substantive criteria winch, if 
met, would enable at least the Poles, 
Czechs and Hungarians to qualify 
for NATO membership over the 
course of about three to ax years. If 
they meet the standards, these de- 
mocracies should be brought into 
NATO at about the same time as 
they enter the European Union. 

The criteria should cover items 
like acceptance of borders, peaceful 
resolution of disputes, equal treat- 
mem for minorities, fair elections 
permitting a democratic transfer of 
power, civilian control over the mil- 
itary. cooperative security policies 
toward neighbors, anti-’prolifera- 
lion policies that are enforced, a 
serious defense co mmi tment and a 
record of productive work with var- 
ious NATO subgroups. 

There are four benefits to this ap- 
proach. First, the criteria strengthen 
the hands of democratic reformers 
within these nations by relating a 
security payoff to sound policies. 
Concentration on Russia should not 
blind the West to its interest in the 
success of other post-Communist de- 
mocracies. The Russian priority has 
already made it impossible for East 
European reformers to get modest 
increments of aid. 

Second, the pursuit of these poli- 
cies by the NATO candidates win 
lead to better ties with their 
bore, strengthening peace and : 
icy in a region that we have seen can 
precipitate plenty of bloodshed and 
horror without regard to Russia. 

Third, these criteria can help 
America deal with other U.S. securi- 
ty objectives — including stemming 
the proliferation of weapons of mass 


By Robert B. Zoellick 


destruction. The export and arms 
policies of these nations are impor- 
tant to the United States 

Fourth, the criteria and the time- 
table give a reasonable response to 
those who fear that NATO's exten- 
sion will fuel Russian revanchism. 
The West is not rushing. It is en- 
couraging the strengthening of sta- 
ble democracies with sensible secu- 
rity policies next to Russia and 
Ukraine, a development that should 
be in everyone’s interest. 

These benefits need to take into 
account events in Russia. So let’s do 
so — with a hardbeaded analysis. As 
Russian reformers have told me, the 
success erf Russian democracy win 
i^iwm( on events in Russia — infla- 
tion, growth, uneamkjyment, come. 
p r o spe c ts for the future — not on 
whether Russia is offered a road map 
for NATO membership over time. 

Of course, other Russians, tike the 
intelligence chief Yevgeni Primakov, 
warn NATO to stay put Bui tins is 
the same man who tned to undercut 
Soviet Faragn Minister Eduard She- 
vardnadze when the United States 
and the Soviet Union joined together 
against SmIAhii Hussein's invasion 
of Kuwait (Mr. Shevardnadze, by 
the way, whose perspective on Rus- 
sian foreign policy is less indulgent 


than Washington’s, reportedly be- 
lieves chat NATO would be prudent 
to take in tbe new democracies.) 

Russians wbo object to a reason- 
able extension of NATO ova time, 
based mi sound criteria, are newr 
going to be won over. And the West 
should not shrink from its own inter- 
ests and those of its non-Russian 
friends if some Russians tiy to trans- 
form their weakness into a threat. 

I recognize that Russia’s nriHloiy 
may have increasing leverage in in- 
ternal affairs and tbatsome officers 
might stQl see America and NATO 
as hostile. Tbe West should meet 
their suspicions head-on by substan- 
tially fnrrm«tng rmfrmr y cryi fftCTS 

and proposing cooperative ventures 
with NATO forces. If billions of dol- 
lars of Western aid, a ridi netwoik of 
mili tanh-fr ymili iary tics and efforts 
to build partnerships. ranging from 
space exploration to libraries still 
leave some generals paranoid, then I 

am even more sympathetic to the 
East European point erf view. 

After aU, it is useful to consider 
how the different approaches mig ht 
play nm If Russia ntros authoritar- 
ian or endures a long period of pofiti- 
cal and economic uncertainty, some 
Russians are Skdy to want to assert 

yhwws nf mflnmif. rang- the totvfa nf 


the former Russian or Soviet em- 
pires. Then NATO might fear that a 
move to accept new Eastern mem- 
bers would be perceived as. a direct 
provocation. Without Western bul- 
warks, factions may arise within the 
Central and East European nations, 
as they have in the past, to counter or 
accommodate the negative forces in 
fo»rr V>rgw neighbors. This response 
rmiM actually trigger aggression. _ 


and insecurity will make matters 
worse. ggnr»itng uncertainly and 
of commitment will , fuel the 
actions of Russian extremists, not 
pm them to rest If America polls 
NATO bade from the inq or security 

Russian? that 
NATO is a Cold War instroment, 

tbeailhas begun to write tbe epitaph 
for tbe most successful alliance of 
democracies in world history. . 

Washington should consider care- 
fully the full impli cation s of letting 

pcficy, becansethe results axe&ety 
to be bad for a Russia in transition as 
weQ as for Europe and America. 

The writer served as imdersecre- 


ai the White House during the 
administration. He contributed this 
comment to The Washington Post 


Yes , NATO Should Expand Eastward 


By Janusz Onyszklewicz 

The writer is a member of the Polish parliament 
and a former minister of defense. 

W ARSAW — Should NATO expand eastward, and 
if so. how far? On this issue, tbe most critical 
opinions have come from Russia. Tbe arguments raised 
are basically the following: 

• Such an expansion erf NATO could isolate Russia. 
■ Military alliances are always directed against some 
potential adversary. Thus, any strengthening of NATO 
is to be seen os affecting Russia’s security interests. 

• By embracing new members, NATO would create 
a cordon sanitaire separating Russia from the West 
• Russian public opinion is not prepared for such a 
move, which could seriously strengthen the radical and 
neo-imperialist tendencies in Russo. 

Let os try to take a closer look at these arguments. 
The idea that Russia would be isolated seems strange. 
It is possible to imagine the isolation of a country like San 
Manno or even Poland, bul to think in such terms of, say, 
Japan or the Uni ted States or Russia is ridiculous. Russia 
is not just a country; it is almost a continent 
Tbe argument about Russia's security interests seems 
more convincing at first Bat if one asumes that any 
mflitary pact must always be directed against some- 
body, then the common defense system of the Com- 
monwealth of Independent States would have to fall 
into the same category. 

Andrei Kozyrev, the Russian foreign minister, wrote 
quite recently that “the new Russia, from the very first 
moment of its birth, declared that it doesn’t see NATO 
even as a potential adversary.” 

There is no need for reminders as to how essential it 
is for the NATO countries to devdopa good partner- 
ship with Russia. Good relations with Russia are crudal 
for Poland and Hungary also. To think that new NATO 
members from Central and Eastern Europe would be 
ready to give their consent to any military adventure 
against tbs East amounts to the suspicion that the 
ruling elites of these countries have lost their feeling for 
the basic interest of their nations. 

The idea that the expansion of NATO would sepa- 
rate Russia From the West can also be dismissed. On the 
contrary, it should extend the area of stability more to 
tbe east, which would be in the interest of Russia. 


Regarding Russian public opinion, there are good. 
reasons to suppose that at present Russia has no dear 
idea about policy toward its former satellites or about 
the future political and security architecture of the 
region. Russia is too preoccupied with its domestic 
agenda and its relations with the former Soviet repub- 
lics and the West to spare the time and intellectual 
potential for creating such a policy- 
The only concepts still making the rounds in Moscow 
seem to be either a return to the system of “spheres of 
influence’’ or keeping the status quo. But the status quo 
cannot be maintained for long. 

Some of the countries erf Central-Eastern Europe at - 
test most have a dear perspective. If there is to be no 
p r ospect of imdinring into European Atlantic 
political and security str u ctures, than will be a natural 
temptation to look for other solutions. . 

A leading Moscow commentator suggests that Central 
and EastEnropean countries, rather than subjecting 
themselves to tne hnmiKwtfo p of the various “maturit y 
tests” they would have to pass to enter NATO, and then 
having to pay to make then weapons systems ««w<ihk i 
withtne west’s, might want to aeate a new “Warsaw 
Pact,” but one based on democratic principles. 

Others, periiaps more realistically, suggest a similar 
pact, but without Russia. This affiance would work out 
agreements on security vrith both NATO and Rusaa. (I 
would note that Ukraine, as a nuclear power, could be 
seen as an especially attractive asset for this pact.) 

But the strongest arguments are in favor of NATO’s 
expansion eastward. Perhaps the most compelling of 
these is that it would be in the dear security interests of 
Germany. In the long run, NATO cannot ignore this 

problem wjlfyfrU nirnimg tiv ridr that Kfnirrty p ofi q'es of 
at kast some important members will begin to transgress . 
against the framework of the alliance 
Poland and other EasfrCemra Hhn o p e an states want- 
to join the European Union and are mqviitg to do so as 
soon as economically possible The lode of' the process 
that is now fully under way leads directly into the NATO 
structure, a fact that should be deatjy understood in 
Russia- Endorseme n t of tins p rospect is essential not only 
for stabffitym Central-Eastern Europe but for the pditi- ■ 
cal debate in Russia as wefl, where me sight of Vladimir 
Zhirinovsky waving a map wife a Russian-German fron- 
tier should be seen for tub absurdity that it is. . 

The Washington Post 


The United States Needs a Bigger, Better Europe 


P ARIS — America, trying to focus 
on domestic affairs, is only be- 
ginning to understand how much it 
lost in the Cold War. It needs a j_ 
war reconstruction policy just as 
sia does, and cannot succeed alone. 
Foreign policy — a concept for reli- 
able security — is as essential a com- 
ponent as it was after World War H. 

The cost of the Cold War must be 
included in order to grasp where the 
United States stands in the world and 
how to proceed. 

A crudal element in Britain's rapid 
decline after World War II came 
from its attitude toward the outcome 
of the war. Other countries knew they 
had been defeated, early or late in the 
conflict, and faced an enormous task 
of rebuilding and relaunching then- 
societies. Because it was never occu- 
pied. Britain believed that it had won 
the right to relax. The United Stales 
faces a similar temptation as it popes 
for ways to deal with the world with- 
out a postwar plan. 

There is no looming enemv now. 
But as the Financier-philanthropist 
George Soros points out. a serious 
security danger can develop in the 
East because of internal develop- 
ments and the inability or lack of 
opportunity to join the world of open 
societies. This world of open societies 
is what the United Stares needs to rdy 
on in order to get on with its domestic 
concerns, just as Western Europe 
needed to rely on the cooperative obli- 
gations of the Marshall Plan and 
NATO to start recovery of jer die war. 

Tbe Clinton administration stress- 
es tbe valid point that it takes a 
strong, vigorous United States to 
bear world responsibilities. It is 
equally true thaL the United Slates 
requires a reasorabiy stable, non- 
threatening world to pursue its long- 
neglected domestic goals. 

President Bill Clinton's coming 
trip to the NATO summit meeting 
and then Prague. Moscow and per- 
haps other points east will focus at- 
tention on this connection. 

The key NATO decision wfl] be the 
Partnership for Peace, an ambiguous 
attempt to compromise between East 
European demands for admission 
and Russian objections in a way that 
establishes new ties without new 
commitments. It is a step in the right 
direction toward relieving the prob- 
lem in the EasL But Mr. Soros calls it 
^paltry" and sketches a more ambi- 
tious mission “to hdp with the trans- 
formation into open societies." 

His plan would make NATO the 
foundation for a larger political-eco- 
nomic structure to assure a coordi- 
nated East-West revival policy. His 
key insight is that the problem’ is not 
relations amor, a the states involved 


By Flora Lewis 

es in them as they tiy 


but the 
to manage 

It is a kind of Marshall Plan ap- 
proach and NATO wrapped into one, 
recognizing the crucial importance of 
Eastern, particularly Russian, mili- 
tary establishments m tbe process. It 
sounds messy, but it is coherent — 
unlike the bits and pieces of patch- 
work measures to deal with the new 
security issues. 

Strobe Talbott, designated the new 
deputy secretary of state, will develop 


the framework for foreign policy in 
the new era. He should consider Mr. 
Soros’s bold outline, along with Sena- 
tor Sam Nunn's more specific, firm- 
minded proposals for eventually en- 
larging NATO without provoking 
Russia if it remains friendly. 

Tbe outrage at tbe resounding pro- 
test vote for Vladimir Zhirinovsky in 
the Russian elections has been salu- 
tary. It is much better to react before 
be has any prospect of coming to 
power than to wail until it may be too 


late: But it is also important not to let 
him become a scarecrow for Boris 
Yeltsin to use whenever he wants 
indulgence from the West for un- 
friendly or too antoa-atic measures. 

For that, tire United States has to 
have a dearer, more ccrioete war 
plan than It has yet devised.. Such a 
plan will also dear the way for its 
domestic programs. The fink be- 
comes obvious when you dop to con- 
sider that while the United States 
came out first in the last long conflict, 
it, too, suffered huge losses. 

The New York Times. 


The U.S.-German Link Still Matters 


By Stephen Bieriing and Reinhard Meier-Walaer 

j^j-UNira — When Bill Clinton 


visits Europe next week for tbe 
first time as president Germany will 
not be part of the tour. Some will 
view this as new proof of the decreas- 
ing importance erf the German- Amer- 
ican partnership. They will note that 
whb the collapse of the Soviet bloc, 
the old rationale for the Bonn- Wash- 
alliance has become obsolete, 
’are wrong. 

ay and the United States 
have little choice but to cooperate. 
Common cultural traditions and a 
comparable Weltanschauung help, 
though they are not enough to save 
the relation's special character. 
Only mutual interests can buttress 
long-term coopera tioo *— and plenty 
of those remain. 

Security. It look the trigger-happy 
rhetoric of Vladimir Zhirinovsky to 
remind (he West that Russia’s mili- 
tary potential did not vanish with the 

Soviet empire. With state authority 
falling apart in Russia, power may be 
up for grabs sooner than roanv \ ch- 
ain supporters believe. 

Germany cannot forgo the nuclear 
umbrella provided by tbe United 
Stales. France and Britain, with their 
limited capabilities, cannot play that 
protective role. And for Bonn to go 
nudear would be pohucaJ suicide. 
Both outcomes run diametrically 
against America's interest in a stable 
Europe and a predictable Germany. 

Since Bonn and Warrington bene- 
fit most from NATO, they should 
cooperate closely to keep ’it alive. 
NATO still takes care or Bonn’s secu- 
rity concerns. And the U.S. presence 
in Europe bdps dimmish angst about 
German power in the heart of the 
Continent. ThaL too. serves Germa- 
ny’s wdl -considered interests. 

Stability in Easton Europe. De- 
spite all the attention to Somalia, 


Bosnia, Haiti and North Korea, the 
West’s foremost challenge is in the 
old East It is essential for European 
and global welfare to hdp democracy 
and a market economy succeed in 
Hungary, Poland, (he Czech Repub- 
lic and Slovakia, and to sot Russia 
and Ukraine from economic collapse. 
The real question is not whether the 
outside world can influence tbe fate 
of tbe East, but whether it can afford 
not to try. Tbe two preeminent pow- 
ers of the West bear a special respon- 
sibility in managing this process. 

Neither country has the economic 
resources or the political strength to 
do it alone: Bonn can support the 
emerging democracies financially, 
while Washington deals with the 
“big issues” lute arms control trea- 
ties and nuclear proliferation. These 
policies complement each other, and 
will have a synergic effect 

Economic openness. Although the 
United States trades more goods with 
the countries of the Pacific Rim than 
with Western Europe, the latter is 
stiff the main locus of direct Ameri- 
can investmem. The European Union 
is the biggest U.S. trading partner 
outride the Americas. Since Wash- 
ington wants to forestall the emer- 
gence of a Fortress Earqje.it needs a 
powerful ally in the European Union. 

France, with its tratfitianal protec- 
tionist stance, will not play this ide. 
Britain does not have sufficient polit- 
ical dout in the European Union. 
This leaves only Germany, the 
world's second biggest trading coun- 
try. And Bonn needs the United 
States to counterbalance the protec- 
tionists within die Eu r opean Union. 

Germany’s role as ™rija| OT be- 
tween Washington and Paris saved 
all participants weD during the final 
days of the GATT negotiations. This 
can also help in other areas, for in- 


stance in bringing France back into ■ 
NATO’s military structure. 

Cooperation between Bonn and 
Washington will by no means unfoW 
without friction and frustration. 
But these have always been around. 
What counts now is the solidity of 
those common interests that have 
outlasted the Cold War. Tbe best 
days of Gezman-American .friend- : 
ship are yet to come. 

The miters teach political econom- 
ics and international relations, respec- 
tively. at the University of Munich. 
They contributed this comment to. the 
International Herald Tribune. 


North Korea 
Gets a 
Surrender 

B j Charles Krauthammer 

TTTASHlNGTCarf— ^ Tbe Nucter ■ 
■ W NonproKferatioo Treat y, wfaid i 
■North Korea freely signed, requires a . 
country to allow tiro mods of mspec- 
tkms of its potential mater facilities: 

j egular inspections of self-declared 

nudear rites, and challenge inspec- 
tions of rites undeclared by- the host - 

country .but suspected by Wc work! of 
harboungnudrar bombwork- 

- As America learned to its sorrow in 
Iraq rMplar inspections alone sue use- 
tessLWndiis TOy last year the Inter- 
national Atomic Energy Agency.de-. 

challeng e inspections of two 
North Korea waste dumps far evi- 
dence of weapons-grade phitoniura 
production. North Korea refused. It 
then it would not at 

low reguta inspections, either. - 
What did the (ffinton adnatristra- 
dn do? It began a krag series of 
negotiations with die North Koreans 
of fering them all kinds erf goodies, 
most importantly, cancellation of 
jnmt mfliiaiy exncises with 1 
South Koi^ if they would come back 
into compEance with the NPT. 

. W hat now is the deal? D oes N orth 
Korea comply with Ihe NFT? No. 
Does it allow challenge inspections?. . 
Nq. Does it allow even regular inspec- 
tions? Na The IAEA wffloe allowed a 
onetime inspection of seven declared 
sites. In return. North Korea reported- 
fy gels something it has cowed far . 
years: cancellafioa of the “Team Spir- 
it^ exercises with South Korea. - 
‘ “A total rout," says’Gaiy hfilhol- 
lin. director of the Wisconsin Piqject 
on Nudear Aims CoQttoL’As the 
talks have proceeded. Bill Clinton 
has systematically abandoned one 
position after another to the poml 
that Washington is not even talking 
about thing s - 7 - challenge inspeo- 
tioos, even regnlar inspections— that 
it was insisting on auy nxmth&agOL 
Everyone knows that a single ra- 
tion of Potemkin sites is a joke. . 
then the pretense? 
cause the a rimtiri s trati P B has a 
problem. It wants at aD costs to get ; 
this problem off its plate, bat die NPT 
has touj$- provisions to thwart tire 
teDqMationtodoto ^jecffically.wfaeai . 
a countiy reneges on its NPT obhga- . 
tkms and refuses inspections, the 
IAEA declares that “continuity of ; 
is broken.” These magic 
opposed to trigger* world " 
mst the violator. 

. head of die IAEA, was 
getting ready, to use exactly those 
words in. a United Nations speech on 
Nov. 1, but bdd off, ranch to the 
relief of the Clinton uriminigritinn 
With IAEA survciDaiioe cameras and 
batteries in North Korea now about 
to godead, however, Mr. Blix would 
have had no choice but to dedare 
ccffltimtity broken. - . 

_ So some genius figures out that a 
onetime inspection would allow bat- 
' toy, and. film to be replaced and die 
IAEA to say that technically, continu- 
ity bad not bean broken. No whistle 
blows, we pretend that, die NPT is 
intact, and the crisis jjoes away. 

True,_tbetmetimem^jectionwoirfd 
do nothing to stop, slow down or even 
enlighten tbe world about the. North 
Korean nudear program. But die 
point of the CEnton policy is not to 
stop the North Korean bomb, fi is to 
get the a dministrati on off the. bode. 

Hence the deaL Result? (I) The 
NPT is dead. Not* Korea broke it 
and gqt a hnge payoff not for return- 
ing to it but for pretending to. Its 
nudear program proceeds unmolest- 
ed.. In Tehran and Tripoli and Bagh- 
dad tbe message is received: Nonpro- 
liferation means nothing. 

(2) Tbe IAEA, it goes along with 
this sham, is corrupted beyond re- . 
danptwn. It & supposed to be an 
impartial referee blowing die whistle 
on proiiferaiOTS. Yet if Washing ton 

does not want to hear the whistle, tbe 
IAEA can bebu ffied into rifc&c& 

(3) Americ a n oedMEty, not very 
high after Mr. Clinton’s about-faces in 
Bosnia, Somalia and Haiti, rinks to a 
•new low. This. .is a president easily 
cowed and dangerously weak. Said 
one goreraatem.crfficM to The New 
Yak Tunes, “If s ane rtf these cases 
where tbe admutisbatioa was huffing 
and puffing and berifaed down." 

Bate, though, said another, than 
“falling on cor own sword over phony 
principle." If iMmupUferation, so ear- 
nestly trumpeted by this president, is a 
phony principle, then where do we 
look Kir real .principles? • - - 
This administration would not re- 
cognize a foreign policy principle, 7 
phoay or otherwise, if it tripped over 
one in the sbeeLlhe. State Depart- 
ment, muring crayeahess with cyni- 
cism, calls rapindatKBi “very 
good news.” For Rom H Snog, cer- 
tainly. For America, the dealis wotse 
than dangerous. It is shamefoL 
Washington Post Writers Group. 


IN OUR PAGES: 100, 75 AND 50 YEARS AGO 
1894: Arms for Sicily 


ROME — The Corrieredi Napoli says 
the Consul of the United states -at 
Palermo has informed the Prefect of 
Palermo of tbe amval there of money 
and arms from France. The paper 
adds that various Sicilian banks are 
recriving cheques from Ranee for 
persons who cannot be in commercial 
relations with that cou nt ry, and- that 
the Consuls of Gomany and Aistrie 
have notified their Government of 
contraband importation of arms bn a 
fagggca le. The Chancelleries of those 
Empires, it is said, have warned Italy. I 
may add that there is a large tarty here 
Mnch openly states that France is 
abetting the Sicilian disorders. .. 

1919: Roosevelt Is Dead 

NEW YORK — Former' President 
Theodore Roosevelt died suddenly 
and quietly tins morning [Jan. 6j at 
Sagamore FELL, Ids hone at Oyster 
Bay. Long Island. Death resulted from 
a sodden attack of heart disease; fd- 


towing a puImotBiy ctnboham The 
New ion Herald comments: “He 
never was happier than when fighting, 
and never &»shi bntaaa leader. He 
was always dying 'Come ratiT n e v er 
*Go onf Those are the qualities that • 
mate a crowd Mofae a n«n, and Cd- . 
ond Rooscvdt was idolized. He was 
intensely; pasricaiately Ameoi^ and . 
he labored for^ America with the enar- 
gy which be threw into e v eryt h ing” 

1944: Metals Ootlook : 

WASHINGTON — {From our New.. 
Yoric edition:] The Office of War " 
. Information pr edicted today [lan. 6] 
flat practically .all, 
tin, adl come off. the attical tistdatjag 
1944. ll announced that wbfle-exteD- 
sve aithrit ip various Haes-qE'W® ■ 
production are ptemed, tbty wjU.t* 
mare than offset by .mestnnaton? 
percent tae m flte.w-afi jwp® 1 
owx this year. In its report cat ffl*‘ 
backs O.WJ. sakT batiste — aiaCB- 
. numore— w3Lbcaitback40po‘0 Blt 
m production by the ad of . 


J 


i 









Vr, r-rf-' :• a : • :• \ . v_ 

- W >■’ . - -• • •: ! 


INTERNATIONA!. HERALD TRIBUNE, FRIDAY, JANUARY T . 199* 

OPINION 


Page 



Whitewash Smell 

"" 'k 

By William Safirfe 


.. B 




ViyASHINGTOiN ■— What teraBk 'ant to whitewash Whfawala", the re* 
* • secret drove Vincent Foster; the. pon from Ratten; McCarthy omi tted 
Oinions’ personal lawyer, to Dutabulki ..the largest transaction undertaken 

by Mr. Cftaotfs pant«r|*ip — a haK- 
nwfiihn- ririflaT lahd purchase from a 
paper company to" vriSch Governor 

D ,, Canton granted tax breaks.. . 

striade?”! Cun ion aides Khmeri Br F nu ' 'After the meah, - insensitive pros 
tfl^s state of mind cur the and, Incan-’ ‘raised a TttcKOS^-tO" prodoee the 
spirited Wa^rington pn^<»rp^ yhh iB ‘ Whitewater files, ErBS»kni.Ooiltex was 

forced to a^ree toyoopaattr ™ 


vugu aw- 1 * l lvml ? - . . 

When that question was pdsedjn this 
space last summer (“Was dread of further 
scandda^ — '* 


■*r ..sec: 


fOCUS Oil ua,ugou^ 

■ Questions about afawyerwhiia 
conscience wens denounced as ghc 
the product of a conspinttorial mindset. 

We subsequently teamed that there 
was indeed a scandal brewing that in- 

NopoUticumissostiqudtis 
to try to hide something 
when there is nothing to 
Jude-In WhiteaaUrgpte, = 
tfieCUntons 7 pattern of 
behavior implie 
serious to hide* 

volved the Clintons, a gp-gp banker afr - 
ny who fmanced thdr Whitewater real- “ 
estate dml,. and an S&L failure, now - 
under criminal investigation, that cost 
i S60.m3fion. 

>t the po- 

0f ^ 0 that deal 

„„„ .. .loose office. Study cross- 
in g hk mind - after tire furor over, the; 
abuse of power in travel office patropr 
age was the potential of far greater dis- 
grace or prosecution in a xnoney-and- 
mfhience scandal. 

• From the moment Mr. Foster's body - 
was found, the White House counsel, - 
Bernard Nussbaum, acted' to keep those 
Whitewater files away fromprying eyes. 

Tbe investigation was confined . 
to the Keysume-Kop Padc'PoIice; the 
Qmtbn tawyers refused to let tfae nr or 
the FBI see papers th*t might have 
revealed the suicide motive; and then, 
secretly, the files were spirited away 
from : the White House to the presi- 


lunxu no agios w 

dminvvstigaiiOBof^eiimr s taxpayer 
rinoff. Hfcdirectod tepewmti lawyer 

to turn the Whitewater files owa to the 

Justice DawtnKBt — a far ay from 
public disclosure. ; , . 

But axurious J^tude-owntook dw 
GHntan. Justice Department- The. files 
ware not turned over forthwith; instead 
wt were toid-they were btzqg “cata- 
logued,” which the Write House said 
would take “a couple of weeks." 

■ Only Wednesday, , as fins and other 
dficumaatiflps awe .M* wri^jaid 
one boa c on t ainin g Mr. Fosters files, 

and fourboxes of backup to the acanm- 

tanis' wh it e wash, bqgittto ihfivaed. 

- Were the files so vtifonunous to re- 
' i^7 Can we be sure the 
its did not get the treatment 



With His Misogynist Smear, 
He Poisons Politieal Debate 


By Frank Rich 


Shirer’s History Lessons 


rmce 

tentiaflv d 
in his 




ire space uHssmgi 

. If -J were Loms^meh. the hew FBI 
director c&osenby Mr. Nussbaum ana 

known as “Borne’s G6odDeed,"rwtwld 

foQowup by searching fora Foster safety 
depoat box or hone strongbox, and 
would demand that Justice rede subpoe- 
nas to force tlteClmtoosimdtbeff former 

faw partners and -««*—*»#- 

aUmhordevant 

- Whal could 

meal shell 
ance the d 

- Actions taken 

laryOintonm II 
power cf attorney to 
duct all matters related to 
JDevdopment CorpJ*' may soon come 
-under mt statute of fimitaiipns. ■ 

in-boose comae!? Not unless 
it ^Robert Moreen than; better to use 
thfc pres^ for Hpare passage of the 
from the White nouse 10 me i»«r IndgHm dq rt Q jpnad Act t . • 

de 5to^ n JSTof the hidden file , ■ hid^s^SWn *^ 
came to light. theOmbos stonewalled Tnife’HitC&itontf pattern trfbehaviarm 

,rti n«iinn wttnmev fot 


Hflinty Rodham ChzxUm, 
the rottod-out S&L vdnk her 
was re^xmaWe. for its regidai 
fessed not' to understand why - . - 

would be interested ini* deal thatwsr 
them $60,000. Bur curiouriy, foe Om- 

tons neva took that 3oss,H it existed, oo - 

tbdr income taxes; more strangely,, tray - 

wropgiy took ofoer dednrtk^^ano .mc ,, 
lawyer who worked whh HSlary on . 
these returns was Vincent Foster. . 

-paring the *92 carapmgn, ro coyer op ^ 
the messy record. Mr. Foster 
for a lawyer to hire a Denyw attto*®: ■* 


kttai of whbdsr-dealere 

«rioos to lade. Let us 


‘tjxtiir* intended for publication 
shofrid be oddnstsed U baurs to the 
E&tor* and contain the writer* sig- 
nature, name and full address, tetters 
: sfteotf be brief tmd are subjea to 
* ttfiiny. We caunot be r es pon sibl e for 
.Jbe return of. (fetobated manuscripts. 


It was with great sadness foal I read 
last w eek of foe death of William L 
Surer. His seminal writings — “Berlin 
Diary." “The Rise and Fan of foe Third 
Reich" and "The Nightmare Years" 
among others — vivid!)' documented foe 
rise of fascism and Nazism. Let us hope 

are not tost cm us. 
Social intolerance, economic instability 
and ethnic hatred are again rearing their 
ugly frpwk- The same conditions that 
maH* Hiller’s rise to power possible now 
fuel growing nationalist sentiment 

around foe world. 

lb our celebration for having woo foe 
Odd War, let us not lose the peace. By 
providing strong leadership and a coher- 
ent foreign policy now, we will avoid 
hnAno to fight another major war, hot 
or cold, in 10 to IS years. 

JACK A. MARK. 

Salt Lake City. 

Tlie Churches and Bosnia 

Regarding u Bosnia "s Holocaust Puu 
die Churches to Shame" (Opinion. Jan. 5) 
by Henry Siegman: 

By dismissing in advance the expect ed 
i-wtiriitm of his use dt foe term Holo- 
caust in connection with Bosnia, Mr. 
Suymim cannot prevent many Jewish 
smvivofs of foe Holocaust from feeling 
that he is disregarding our victims. He 
could have compared foe carnage in 

Bosnrn to foe loss <rf Bfe in foe dvfl wms 

in Angola or in Sudan but never to the 
“Final Solution" by which the Nans 
derided to destroy our whole nation m 
a sysreroatK way. 


It is very dangerous for a Jewish leader 
to take rides in an alien dvd war with 
strong religions connotations, as Mr. 
Ci-mMH does in Bosnia. He barely men- 
tions the Catholic Croats, although they 
wjwjH themselves to widespread crib- 
asm by their military involvement to 
Bosnia and the resurgence of lisuse de- 
ments, which are of grave concern to the 

l I * 'J. Ufa cfTiMtflll. Cim. 


local Jewish community. He strongly sup- 
ports the Bosnian Muslims, despite the 
f inwt-mv-nfalkm of their leader, Aijga 


| imn.Tmmiaiisin ui uku iuww, - 

Izetbegovid And he inrites Western mili- 
tary intervention against the Bosnian 
Serbs, who are Christian Orthodox, thus 
provokingposaUe reactions against Jews 
m other Christian Orthodox countries. 

JASA ALMUL1. 
London. 

The writer is honorary president and 
founder of the Belgrade chapter of Holo- 
caust Stuvrian and War Veterans. 

The Missmg Words 

Regan&tg “A Worried Europe Watch- 
es East and South” (Opmion, Dec. 251 by 
Brian Beedham: 

Mr. Beedham's otherwise intriguing 
analysis omits one concept and two 
words: nuclear responsibility. 

ROBERT SART1N. 

Paris. 

T hanksg iving Days 

In “Later On, Santa Claus Got id- 
ly" (Meanwhile, Dec. 24), George F. 
Will writes: “Franklin Roosevelt dis- 
cerned Christmas’s potential as a coun- 
tercyclical program and moved 
Thanksmving from the last Thursday 
to the third Thursday in November in 


order to get Christmas shopping hum- 
ming sooner" 

That statement is inaccurate. Mr. 
Roossvdi c:c no: larcoe: with the date 
of Thanksririr .2 until the outbreak of 
World War li.’imc he did so then in 
order to reduce holiday disruption of 
war production :r a year when T h anks- 
gjnng and Cnnstmas would have oc- 
curred but Zz cays apart. This pro rat- 
ed Thankssjring from failing on my 
birthday, which'upset ms r.o little biL 
Fonu’naie'A. the zcv error of my state. 
Clyde R. Hoey of Norfo Carolina, is- 
sued his own proclamation, maint ain i ng 
Thanks^.-! r.c, ert mv rinhdi). It was 
also foe day of the Ncrfo Carolina- 
Virginia fcoibali game, at which, during 
halftime in Chapel HilL my father took 
me to see the governor, whom 1 thanked. 

SYDNEY M. CONE 3d. 

Paris. 

Not Quite High Tech 

The flue-sas desulfurization system in- 
stalled in National Power's Drax plant in 
Yorkshire. England, and praised in your 
Dec. 6 Special Report as “technology of 
the future." is actually c4d hat. Flue-gas 
desulfurization was developed in Japan. 
Dining the 19S0s. most German coal- 
fired power plants were fitted with that 
system. High tech is an exaggerated term 
for a rather ample technique which, how- 
ever. was improved in England in recent 
years. Meanwhile, more sophisticated 
systems have been developed. 

W. SCHROEDER- 
Managing Director. 

Lahmeyer International 
Frankfurt. 


N EW YORK — To his fans. David 
BroclL foe writer who ruined the 
Clintons' Christmas, is a hard-hitting 
investigative reporter. 

To everyone else, he is a smear artist 
with a right-wing agenda. 

But a reading of Mr. Brock's oeuvre in 
the conservative journal The American 

ML4N\nfllE 

Spectator suggests that his motives are 
at least as twisted as his facts. It is 
women, not liberals, who really gel him 
going. The slightest sighting of female 

sexuality whips him into a frenzy of 
misogynist zeal. 

AU women are the same to Mr. Brock: 
terrifying, guiter-tongued sexual omni- 
vores! Such caricatures are a staple of his 
latest expose and its predecessors, in- 
cluding foe article that sgawned his 
book “The Real Anita HilL 
Hillary Clinton, even more than her 
husband, is foe real obsession in foe 
writer's notorious 11 . 000-word treatise 
on Form gate (as the alleged scandalous 
doings in Uttle Rock are now concisely 
labeled on the Don lmus radio show ). 
With dour hyperventilation. Mr. Brock 

charges Mrs. Clinton with such non- 
crimes as using “language that makes foe 
Watergate tapes sound like a Sunday 
school lesson" and referring to^state 
troopers' guns as “phallic symbols." 

The prim Mr. Brock also alleges that 
foe ubiquitous Little Rock Peepmg 


Ulk ui/imiwi*-— ■ — 

Toms overheard Mrs. Clinton express- 
ing aloud a desire to have more frequent 
sex with her husband. How shocking. 

In a timilnr vein. Mr. Brock wrote thaL 
foe real Anita Hill was “a bit nutty and a 
bit sluny." He described her as having 
an “obsessive, even perverse, desire for 
male attention.” ( Perverse^ 

He quoted an unnamed source on Ms. 
Hill's “nirtatiousn ess" and “provocauve 
mann er of dress" — “not sweet or sexy 
fbutl sort of angry, almost a weapon. 

When Mr. Brock went after Angela 
Wright, another potential witness 
agains t Clarence Thomas, be tracked 
down one source who accused her of 
having “a foul mouth" and another who 
said she “told male co-workers she liked 
to walk around her house in foe nude.” 
What most of America regards as fod- 
der for 13-year-olds, Mr. Brock, a tender 
30-ish. rates iripie-X. His rage at wom- 
en, meanwhile, invariably colors ms 
view of men who commit what he calls 
“hanky-panky" with them. 

On “Crossfire," a smirking Mr. Brock 
called Bfo Clinton “a bizarre guy," not 
recognizing that foe Fonugate charges, 
if true; would make foe president seem 
all too pathetically ordinmy. 

Mr. Brock's idea of a non-bizarre man 
is one of foe troopers, Larry Patterson, 
whom he idolizes as a macbo image of 
abstinence; “tail and trim, with foe up- 
right demeanor and closely cropped hair 
of a military officer." 


Whom does this skewed perspective 
serve? Surely not either legitimate jour- 
nalists or Mr. Clinton's adversaries. 

The out-of-control .American Specta- 
tor piece h 3 d the effect of trivializing the 
professional efforts of the Los Angeles 
Times and CNN to investigate the troop- 
era 1 graver allegations of jobs-Tor -silence. 
Mr. Brock ako temporarily drowned out 
the more serious ccmftict-of-interest alle- 
gations against foe Clintons in Whitewa- 

tergaic. which went undetected in his 
artSe because they would require a me- 
ticulous reponorial effort (foe pursuit of 
a money trail) beyond his abilities. 

Mr. Brock's sins do not, of course, 
absolve Bili Clinton of all charges- any 
more than thev convict him. Nor. as The 
American Spectator would be foe first to 
point oul do Mr. Brock's transgressions 
absohe liberal journalists of their own. 
The specter of reporters sucking up to foe 
president during an off-foe-reeord Re- 
naissance Weekend recently in Huton 
Head. South Carolina, is embarrassing. 

Bui Mr. Brock’s misogyny injects a 
poison more lethal than political parti- 
sanship into the national discourse. 

Among his charges against Mrs. Chn- 
ton is this irrational passage: “She 
would phone the mansion from her 13* 
office and order troopers to fetch femi- 
nine napkins from her bedroom and 
deliver them to her at her firm.” 

Even if this story were true —even if a 
high-powered lawyer would really send 
state troopers on an errand that a clerk 
could accomplish at foe nearest drug- 
store — who cares? To put a finer point 
on it, why does Mr. Brock care? Would 
he have told this story if Mrs. Clinton 
were fetching aspirin? 

Of course not. His animus is so trans- 
parent that there will be no need for 
anyone to write a book in search of 
foe real David Brock. 

The .Vrt»- York Times. 


A Moral Exemplar? 

D AVID BROCK is an entrepreneur- 
ial moralist who has married Fleer 
Street techniques to the arts of neoconser- 
vative propaganda. That mainstream me- 
dia organizations have joined in tins 
gam e is unsettling, if not indefensible. 

Such snooping is occasionally justi- 
fied as a means of defending pubhc 
morality. "The president," one pundit 
contended, “is foe moral exemplar for 
foe whole country." This mav be true. 
And perhaps Bill Clinton and hu wiTe 
need to sort out their sexual relation- 
ship. But foe best way tor President 
Clinton to be a moral exemplar tor a 
multicultural nation of 250 million peo- 
ple is to obey foe law, uphold the consti- 
tution, pay the bills and look out for foe 
little guy. To also expect exemplary sex- 
ual behavior (if such a thing truly exists) 
is to invite disappointment. 

—Jefferson Moriey. Washington Post 


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. International Herald Tribune 
\ Friday, January 7 , 1994 
v Page 8 




rnriife. 




m:r. 



Da<4d SotO'IHT 


Tokyo Coffee Shops: 

An Endangered Species 


By David Tracey 

T OKYO — Coffee went big in Ja- 
pan 100 years ago when the Brazil- 
ian government sent free beans to 
coffee-shop owners in Tokyo. 
What a ploy: The Japanese are now the third 
biggest coffee consumers in the world. In the 
crowded capital where sidewalk benches are 
seen as public obstructions, the customary 
place to sit is a coffee shop. But they’re on 
the decrease. 

When dwindling sales of Coffeeshop 
Management magazine finally forced the 
publication to quit in September, the Asahi 
newspaper knew why: High land prices, 
gourmet beans available for home brewing 
and discount ch ains have forced out many of 
the mom-and-pop establishments. Japan 
had 160,000 coffee shops in 1982 and has 
only 110.000 today, a drop the paper said 
reflected “the end of the golden era of coffee 
shops.** 

“But it’s more about style than numbers.” 
explains Kiyosbi \GisugL former editor of 
the magazine. He says that the heyday for 
Tokyo coffee shops was in the late 1960s. 
when political groups packed into them to 
plot the revolution and then sing folk songs 
about it. That was followed by the ’70s jazz 
cafe boom that had thousands of music fans 
reverently contemplating Charlie Parker re- 
cords with the help of caffeine. 

The biggest trend these days, beginning a 
few years before the current economic 
slump, is discount chains that target com- 
muters with drinkable but uninspired coffee 
for 180 yen (about SI-55). Even so. for vari- 
ety. intensity and weirdness Tokyo’s coffee 
shops can still rival any city on earth. 

The capital has more than 10.000 coffee 
shops, some of which have changed nothing 
more than their light bulbs since World War 
II. There are still coffee shops for classical 
music lovers with menus listing the musical 
themes of the month. One remnant from the 
jazz cafe era still posts a sign forbidding all 
conversation before 8 P. M. The following 
are three venerable choices from the pasL 
but there are plenty more like them through- 
out the city. 

Daibo in the fashionable Omote-sando 
district could attract customers just with its 
all- wood interior, shelves filled with books 
for browsing or Art Tatum on the stereo, but 
most people come for the brew . Choose from 
a selection of South American crops or go 
with one of the daily blends graded accord- 


v-~ S 

jars 


Take the EC Train: Berlin to Warsaw or Prague 


By Ann Brocklehurst 

B ERLIN — I knew for certain that I 
was on the right train when a man 
charged into my compartment and. 
before I had even had time to sit 
down, began tugging the window wide open. 
It is my experience mat it is next to impossi- 
ble to take a train in central Europe without, 
at the very best, a healed discussion and, at 
the very worst, an acrimonious argument 
about whether the window should be open or 
dosed. 

Until this trip I had always sided with the 
window openers against the doseis, people I 
believed lived in overheated, overfurmsbed 
apartments and complained constantly about 
nonexistent drafts. But on the day I was 
traveling from Berlin to Warsaw, it was bdow 
zero and there was snow on the ground. With 
the window open, there would be a winter gale 
blowing through the compartment. 

I dedded this was not something to argue 
about, picked up my bags, and moved to 
another compartment where the window was 
dosed for the seven-hour trip. 

Personal tastes about windows aside, train 
travel in central Europe has become a lot 
more comfortable and a lot less time consum- 
ing since Eurodty trains started on the major 


routes last year. The new EC trains are faster, 
make far fewer stops and switch engines 
quickly at the border crossings where there 
used to be long waits. The tickets cost about 
20 percent more than for a rnOk-nm train. 

The Varsovia, outfitted with glass luggage 
racks, pink and gray upholstery and match- 
ing carpets, left East Berlin's old-fashioned 
Hauptbahnhof at 8:01 AJvL, speeding past 
grayish urban sprawl and straight through 
the many S-Bahn stops leading out of the 
city. 

Most of the 80-kilometer (50-mile) route 
to the Oder River and the Polish border is 
cut through evergreen and birch forest and it 
is only in Poland that it becomes dear the 
train is traveling across the North European 
Plain with hardly a hill in sight all the way to 
Warsaw. When pressed, even the locals will 
admit that this dry, mostly agricultural 
countryside is an acquired taste. 

The passengers are a mix of prosperous- 
looking German businessmen and Polish 
shoppers returning from bargain hunting in 
Berlin. Most people have brought their own 
food to save money or because they’re wary 
about the meals served in the dining car. The 
prices are low by Western standards, but 5.20 
Deutsche marks (S3) for scrambled eggs, ham. 
toast, butter and jam appears less of a bargain 
when the butter tuns out to be randd. 


Beganse of the 1»dr of customers, the din- 
ing car is not, as it is on some trains, a good 
place to strike up a conversation. According 
to horror stories making the rounds, howev- 
er, lack of company is not necessarily a bad 
thing ' One traveler befriended by strangers 
onthis route woke tip bruised and penniless 
by the train trades and later came to the 
mndnwon ( jw! hie newfotmd drinking bud- 
dies had slipped something into his drink 
and him from the train. 

B ERLIN to Prague -With a stop in 
Dresden, is a shorter but prettier trip 
than the one to Warsaw. The two- 
hour leg to Dresden is by far the 
most crowded; late arrivals may have to at on 
their mitciB j ff in the Escape to the 

dining car was not an option when all the 
places were taken by people without other 
seats. 

Afrer the foiryifor and drab Berlin suburbs, 
the train nas s«v1 through the more cheerful 
towns and farm country of Saxony. Entering 
the capital of Dresden, 1 ca ught tale 
more than aShnpse of the old dty, where the 
government nasembarkod on an ambitious 
prog r a m to restore and rebuild mo num e n ts 


As we moved further away from Dresden 
and into an area known as S ftchsis c h e 


Schweiz, the views more than made up for 
the hitter double-strength instant coff ee in 

the dining car. The area gets its nam e from 
the dramatic saodsame diflfe rismg setteal 

hundred meters on either ade of the Elbe, 
The chale t-style and tim ber-fa me houses 
help make it possible to forget temporarily 
just what a. polluted river the Elbe is. 

But then comes the Cze t* border, and 
almost immediately the effects of years of 
neglect and poOslian are -mere evident. 
Approaching Prague at the end of the four- 
and-a-half-hour journey; is something of a 
letdown since the Eurodty trains from Ber- 
lin stop short of the dty easier at Hdesovice 

station in a northern industrial suburb. 

On the return trip, mademostly in the dark 
cm cne of the winters longest days. I headed 
directly to the restaurant car and ordered a 
Pflsener Uiquefl and a Hungarian salami 
plafft The moreexctic items on the menu such 
as duck and rabbit paifc were unavailable. 

1 could only be grateful on this journey 
that the staff outnumbered the customers 
and that in my compartment I was on my 
own — there would definitely not be any 
disputes about the windows. 

Am Brocklehurst is a journalist basal in 
Berlin. 


TEE MOT IE UIEE 


ing to strength. The beans are band-roasted, 
eased into a muslin filter and then touched 
with perfectly healed water by a master 
brewer who pours with the concentration of 
a scientist calibrating something precious. It 
takes a while and, at about 600 yen a cup. 
costs more than the average, but the result is 
a wonderful thing that can power you 
through anything Tokyo presents for the 
next three hours. 

Daibo has weathered the dry’s coffee shop 
trends bv keeping some of the same custom- 
ers for the past 18 years, like the man who 
walks in and is immediately handed his fa- 
vorite manga comic book from behind the 
counter, but it’s not too snooty to welcome 
strangers. From the Omote-sando Crossing, 
bead one block toward Asakusa on the rig ht 
side of the road. The shop is on the second 
floor, above a garish noodle shop. 

T HE university district near Ochan- 
oraizu features a number of coffee 
shops providing the traditional 
link between students and stimu- 
lants. Among lire oldest is Candles, a tiny 
room in a Tudor-s tyle house run by a woman 
who has been serving the same coffee for 60 
years. You can be the only one there and still 
feel crowded since the tiny chain and knee- 
high tables are left over from an era when the 
Japanese were smaller than they are today. 
Still for standard coffee in a nostalgic set- 
ting Candies makes an interesting stop. 

To get there, start at the corner of Jimbo- 
cho Crossing with the conveyor-belt sushi 
restaurant and walk down ana in one block. 
It's the rickety house covered with ivy. A cup 
of coffee costs around 400 yen and you 
might also get a free handkerchief just for 
showing up. 

L’Ambre is a multitiered and well-worn 
classical music caffe in the Ginza that looks 
as if its golden era is but a distant memory. 
The carpets are beat, the walls are musty, the 
clientele asleep. The coffee is nondescript 
too for 500 yen, but you get Bach on the 
speakers and a stuffy old chair you can sink 
into with no wony that anyone will attempt 
to roust you before closing time. 

From the main Ginza 4-chome intersec- 
tion. walk on the left side of the road toward 
Hibiyo. turn left at the fourth street and look 
for apurple sign in English that says. “With- 
out border in music music is the word of the 
world." 

David Tracey is a free-lance writer living in 
Japan. 


& TRAVEL 




*r : 





.\ .*?>/, . \ 


:SV7.A?f'. .J ...V •*-" C" 




Tommy Lee Jones in Oliver Stone’s “ Heaven and Earth ” 
(left); Jack Lemmon, Ann-Margret and Walter Matthau 


in “Grumpy Old Men” (above left % and Jdfamy. Depp 
and Juliette Lewis in “What’s Eating (Elbert Grape.” 



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Grumpy Old Men 

Directed by Donald Petrie 
U.S. 

“Grumpy Old Men" is the kind 
of movie a lot of people are 
searching for. Its cheerful it’s 
wdl under two hours and it 
doesn't concern any major social 
blights — unless you think Jack 
Lemmon tossing a dead fish into 
Walter Matthau's car is cause for 
alarm. Those rare qualities 
might make u one of the season's 
more entertaining films by de- 
fault What gives it a jolt in its 
own right is that Lemmon and 
Matthau have only gotten wilier 
in the years ance The Odd 
Couple." They can do wonders 
even with this middling material 
about two neighbors in their late 
60s, lifelong friends who express 
their affection by pretending to 
hate each other. Just don't ex- 
pect their bickering to be on the 
level of Neil Simon, and you 
won’t be disappointed. Matthau 
and Lemmon may be familiar in 
these roles, but their characters 
are not really old or stale. And 
they’re just grumpy enough. 

(Carvn J comes, NYT) 


Heaven and Earth 

Directed bv Oliver Stone. 
U. S. 

Making his third film about the 
Vietnam War and its conse- 
quences. Oliver Stone suddenly 
finds himself on foreign terrain. 


The reason: “Heaven and 
Earth,” his latest and least con- 
troversial film on the subject, 
tells its story from tbe stand- 
point of a Vietnamese woman. 
This is a tale of extraordinarily 
melodramatic hardship, involv- 
ing rape, torture, disgrace, pros- 
titution and a disastrous mar- 
riage to an American GL all 
heightened by the despoliation 
of the heroine’s homeland. Her 
name is Le Ly Hayslip. But con- 
sidering aO these pezus, it could 
have been Pauline. Stone’s best 
direction is volatile, angry and 
muscular in ways that Hayslip’s 
story, that of a resilient, long- 
suffering victim, simply cannot 
accommodate. As played with 
impressive confidence by Hkp 
Thi Le, a Vietnamese^om Cal- 
ifornia college student making 
her film debut, Le Ly certainly 
does not lack energy. She moves 
through the film with a scrappy 
vigor that suits her story. The 
film often returns evocatively to 
her memories of a lost peaceful 
home. Certainly "Heaven and 
Earth” sets off sparks with the 
arrival of Tommy Lee Jones, as 
the one American soldier who 
isn’t out to exploit this woman. 
But Jones, whose Sergeant 
Steve Butler is a composite of 
several men the real Hayslip 
knew, has a tough row to hoe. 
Steve changes from unbeliev- 
ably nice guy into violent, abu- 
sive husband in record time, 
even if these are among the 


most colorful and involvingepi- 
sodes. (Janet Maslin, NYT) 

Cronos 

Directed by Guillermo del 
Toro. Mexico. 

To what lengths would you go 
to achieve immortality, and 
once you had it, would you ever 
decide to renounce it and sim- 
ply die? These are the crucial 
questions posed in “Cronos.” 
me first film by direclor-scapt- 
writerdd Toro. In tbe store, an 
elderly and infirm man (Clau- 
dio Brook) madly pursues im- 
mortality based oq a secret 
method, whilea mild-mannered 
Mexico City antique dealer (Fe- 
derico Luppi) literally bolds it 
in his hands. Love is (he other 
strong ingredient m the script, 
because, according to the leg- 
end, continual rebirth is assured 
only addle die heart remains 
untouched. The overall result is 
disturbing and sometimes grue- 
some, as an American under- 
worid type (Ron Feriman) who 
wants a nose job (a touch of 
humor) pursues the immortal on 
behalf of the old man. Tike the 
fight semes, the film deals heavy 
blows to the viewer’s head, mix- 
ing vampire-type sequences with 
the tenderness of the antiquari- 
an’s relationship with his mute 
young gnuddaighter. Special 
effects abound. One is . curious - 
to see tins directors next effort. 

(Al Goodman, IHT) 


What’s Eating Gflbsrt 
Grapa " 

Directed by Lasse. HaQstrom. 
U.S. \ . - . . 

It’s hard to describe the many 
eccentricities of “What's Eat- 
ing Gilbert Grape" ' without 
making the film sound as if it 
had a case of terminal whimsy. 
Better to say that this is the 
work of Lane Halls trom, the 
Swedish director of “My Life 
as a Dog,” whose gentle, rueful 
style can accommodate vast 
amounts of qinririness in en- 
chanting ways. Hallstrom is 
also adept atviewing the world 
from the perspective of trou- 
bled young characters. And 
Gilbert Grape, die hero and 
narrator of this story, has trou- 
bles to spare. “What’s Eating 
Gilbert Grape’’ is based on a 
somewhat darker, more acer- 


bic first novd by Peter Hedges, 
who also wrote the screenplay, 
like a lot of first novels, tins 
one Is much stronger da tex- 
ture and character than on 
plot, and the film has inherited 
the same problem. But the 
screen version of “What’s Eat- 
ing Gilbert Grape” also has a 
lot to recommend it Particu- 
larly impressive are the sweet, 
weirdly idyllic time of Hall- 
strom’s direction, and Johnny 
Depp’s tender, disarming per- 
formance as the Jong-suffering 
Gilbert Grape. 

(Janet Maslin, NYT) 


Truffle Hunting and Bureaucracy 


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HOLIDAYS 

& 

TRAVEL 


appear* 
every Friday 


By Kate Singleton 

S IEN.A, Italy — Bqppe sits at a school 
desk chewing his pencil and frown- 
ing as he mutters something in Latin. 
Around him there are plenty of 
heavy sighs, jigging knees and gnarled hands 
moving from worried mouths to gray or 
balding heads. Like Beppe, most ra these 
men haven’t taken an exam ance tbe prima- 
ry school certificate. And in Beppe's case, 
that was almost 50 years ago. 

In classrooms around central and north- 
ern Italy the likes of Beppe have bees facing 
ordeals more taxing than those of childhood 
in order to obtain a permit for looking for 
truffles. 

In actual fact they’ve been unearthing such 
"miracles of nature'' (Pliny ) for generations in 
the woods around their homes, and probably 
know more about country lore dfan their 
examiners. But with truffles selling in cities 
for as much as 450,000 lire, or S260. per 100 
grams (3.5 ounces), it has occurred to the 
Italian government that it might be worth 

tapping this source of undeclared income. So 
gj\e the proper name for the winter black 
traffic: Tuber melonosporum. And what law- 
passed in which year regards truffle fidds and 
their exploitation? More head scratching. 

In ancient times it was believed that the 
small dark, misshapen tubers whose pun- 
gent, earthy aroma and savor is so prized by 
gourmets were the result of lightning hitting 
trees or the earth. In reality, a truffle is a 
form of fungus that grows’ about 5 to 15 
centimeters (2 to 6 indies) bdow ground in 
parasitical symbiosis with the roots of cer- 
tain trees, such as oaks, poplars, horse chest- 
nuts and walnuts. The black truffle found 
from December to May is the most common, 
but it is the rarer and more coveted white 


truffle, or Tuber magnatum pica, that Beppe 
and his fellows are prepared to suffer for. 

*Tve never been much of a book man 
myself, so all this studying has been quite an 
effort,” besaid. “Of course I know about tbe 
trees tbe truffles like and where and bow to 
look for them because I’ve been doing it for 
years. But I had to get my daughter-in-law 
who’s a teacher to help me with all (he Latin 
names that are hard to pronounce, and the 
exact details of the law they’ve passed.” 

From October to December, the happy few 
who passed their exam set off into the woods 
of Tuscany and Umbria with their precious 
truffle dogs in tbe early hours to sniff out the 
white truffles hidden beneath the leaves. The 
fruits of their labors are to be seen and lasted 
in the many Sagra del Tartufo, or truffle fairs, 
held in the surrounding hill-top villages dur- 
ing the weeks leading up to Christmas. 

All this is traditional convivial and de- 
lightful. However, behind this ooloifol pag- 
eant, truffle-hunting is gradually expanding 
to become a regular business, with all due 
analyses, investments and projected gains. 
This is because it has been discovered that 
truffles can be encouraged to grow, given the 
right soil conditions. The outcome is an 
increasing number of truffle reserves and, 
indeed, truffle farms. 


To cultivate truffles, saplings who* roots 
have been specially disinfected and rsohded 
are infected with truffle spores .that gfaqa iM 
thus prosper in ideal conditions. Financial 
incentives are now available both for Clearing 
and protecting potential truffle reserves, and 


hszal trees. The nurseries specialized m this 
delica te process say that toe ‘‘truffle trees” 
require from five to 10 years to develop tbe 
desired fungal aberration at their roots. 

T bought a strip of land m a shallo w gorge 
that looks as though it most once have, been a 
riverbed,” said Beppe, who nms a bar in a 
village west of Arezzo with the help of his 
wife and son. “I had tire soil analyzed and 


■ Fujio Furukawa. 72, a former 
engineering professor, says he has set a 
record for top spinning. He says bis 
250-gram top mun for 38 minutes and 59 
seconds, breaking the 19® record of 5 
minutes and 26.8 seconds. Who says 
newspapers never report good news? 


treated saplings, which I got from a pan over 
near Perugia. You have tobecareful wjth the 
nurseries. There are plenty of unscrup ulous 
people around when it comes to selling 
something you can’t even see.,You ivant to 
slide to the ones who collaborate os teseanft 
projects with the local univeraties. They’re 
more likdy to be honest.” 

To plant trees,' even with fmanaal' Bdp. 
and tend to them for a decade before any 
hope of a (taxable) return calls /OTOptnnr^ 
Beppe is certainly a positive sort of person, 
which is why his bar is never short of cus- 
tomers. 

But what win happen' if the trufSeTanns 
do wodt- and the nmifat is suddenly, so 
flooded that common mortals rsm tScsd 
what Nero described as “the- food af *hfi 

toes were once botlfprecious rarities. 

Kate Singleton tires in Italy and W r&s 00 
cultural affairs. 


4^' 


... 


’ . 
• J- L 




I*,*,.. 


■ 

<u i. . 

15.W. .. 











94 Outlook for Cutting Travel Costs 


Til .UTS ST It / 


By Roger CoDis 

Imenwiional H erald Tribune 

T HE message from the business corn* 
mumty to the travel trade for 1994 
8nd beyond is this: We are learnin g 
to stretch our travel dollar not by 
traveling l®s but by traveling smarter. There 
has. been a sea change in the ethos erf the 
business traveler since the Gulf War. Execu- 
tives are now travelin g as much — if not more 
than before the recession. Companies arc 
sending more people out on the road to seek 
new business and meet customos in meat 

Tfo FrefBHt Tnrthp 

competitive times. But they are also taking 
more aggressive steps to control travd costs. 

"Companies have learned that you do not 
have to spend the same amount on travel to 
achieve die same results — in getting an 
executive there at the right time and in reason- 
able condition," says Richard Lovell, manag- 
ing director of Wagms-tit Travd in London. 
“The level of spending for some companies is 
30 to 40 percent higher than this time last year 
but (herds still the same urge to save money. 
Travelers are learning to hve with building 
business from the back of the aircraft." 

“I think people are overall trading down — 
particularly in medium and gmafi compa- 
nies,” says Andrew Gray, marmgrn£ director 
of Air UK at Stansted Airport "And big 
companies are putting pressure in terms of 
wanting value for money and all sorts erf 
kickbacks. But they still travd in business 
class." 

Whether the message has readied the trav- 
el trade — especially airlines — is arguable. 
British Airways holds firm to its strategy of 
premium “brands": first and business class 
on long-haul routes and business class in 
Europe (scheduled for a major relaunch “in 
1994*), in (be fervent hope that the premium 
market is going to bounce back. (BA reckons 
that one business traveler could be worth as 
much in terms of revenue as five or six 
passengers in economy.) Downgrading has 
been reflected in a calamitous decrease in 
airlines' yields — profit per mile per passen- 
ger. Major airlines have had “yield dilution" 
of up to 30 percent in the last year. 


ousiMfts eusiww i 

-fm* 


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ftOSWCSS £ 


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Nknke Akto/UTT 




Brussels. Nice) and Air UK (Stansted to Am- 
sterdam, Brussels, Paris, Dteddarf, Frank- 
furt, Nice). BM offers a choice of business 
fares in its front cabin, notably a three-day 
round-trip ticket that saves you up to 35 
percent on the full fare. Air UK (with single- 
cabin sendee of busines^class standard) has 
pitched full economy fares at 15 to 25 percent 
less than other carriers. 

But it is smaller regional airlines that will 
seriously improve the quality of business 
travel — with more services linking small 
cities with major hubs or with each other. 
They operate high-tech equipment, like the 
Saab 340 turboprop, or the BAe 146 whisper 
jet. And usually operate a one-cabin service 
to business class standards. Crossair, for 
example, die Swiss regional airline, which 
flies to more than 40 cities, serves a choice of 
meals, with fine wines poured from a fall- 
sized bottle, and served on fine porcelain 
with silver cutlery. Deutsche BA (in which 
BA has a 49 percent stake), with a fast- 
growing networic from Berlin and Munich to 
points in north, east and southern Europe, 
offers similar service on its 33-seat Saab 
340s. And Conti-Fhig serves long-haul style 
hot meals on its flights between London City 
•mi Berlin Templenof. 


W HILE business travelers are 
cabin-bopping — from first to 
business class, and from busi- 
ness to economy — airlines 
have resorted to an array erf promotions and 
deals, from free upgrades and half-price 
companion fares to two-for-one in first or 
business when you pay the full fare. 

These desperate short-term measures have 
devalued the airlines' class system. First 
class (costing about twice the business-class 
fare) seems set to disappear. Denizens of the 
front cabins are mainl y upgraded business- 
class travelers along with off-duty airline 
staff. American Airlines will operate a new 
two-class service on two of its 17 daily flights 
from Britain to the States from Jan. 31. 
Everyone moves up a class. Passengers pay- 
ing a business-class fare will sit in the old 
first-class cabin; while business class is to be 
reserved for full-fare economy passengers. 

This is really formalizing current deals 
and promotions, and reflects what Virgin 
has done with its Mid-Class (for full-fare 
economy) and All Nippon with Yuttari 
Gass. Sabena has converted its first class 
into business class and its business cabin 
into a full-fare economy class. Sawy travel- 
ers know how to move up a class by cashing 
in frequent-flier points or buying a consoli- 


dation ticket (a discounted full fare) and 
save up to 50 percent. 

The class war in Europe has focused on 
rewarding the business traveler with a cur- 
tained -off section of economy with the same 
narrow seats and legroom and a few frills: 
the idea being to force the business traveler 
to pay top dollar for a flexible ticket 1 
recently paid £628 (about $940) for a round- 
trip in business class from Nice to London 
with British Airways. I can buy a round-trip 
to Dallas for that kind of money. 

But business-class (folly flexible) fares are 
set to fafl this year on marry major routes 
within Europe by around 30 percent. Look 
for discount business fares — for people 
willing to sacrifice some flexibility in return 
for a ticket costing up to 40 percent less and 
which you can upgrade without penalties. 

More co m pet itiv e business fares are the 
welcome consequence of the third European 
Union liberalization package, which came 
into force with the single market cm Jan. 1, 
1993. It enables community anhnes to set 
their own fares, and fly between two otho - EU 
states without the need to start or end in their 
own country. The crucial point is that 10 out 
<rf the 1 5 busiest routes are stxD only saved by 
the two national carriers with die same high 
fares. 

You are likely to find the cheapest fares mi 
those routes served by British Midland 
(Heathrow to Paris, Amsterdam, Frankfurt, 


A IRLINE alliances with hotel 
groups and car rental firms offer 
great travd bargains. Fly-drive 
and fly-stay deals can save you 60 
percent or more an “walk-up” rates. The 
BA-Hertz Executive Drive programs apply 
at about ISO destinations. Snow your board- 
ing card for a discount Avis has a similar 
deal with British Midland. And Europcar 
Interrent is developing finks with many re- 
gional airlines. 

Hotel rales will become as variable as 
airline pricing. Roms nights will be sold 
through brokers at prices based on the same 
yield-management techniques as airlines use 
— the holds' equivalent of consolidation 
fares. 

Keeping track of the grow in g number of 
frequent-flier plans will continue to be the 
most exacting management mat- of frequent 
travelers. Mileage counting in Europe and 
Asia is almost as much of an addictio n as in 
North America. Business travd is frequently 
driven by frequent-flier priorities. A recent 
survey among European business travelers 
by Offi cial Amine Guides, found 20 percent 
of FFP members bad allowed their perks to 
sway their choice of flights. 

Ait finding your way through a maze of 
mileage accrual levels and hotel tie-ins, bo- 
nus points and deadlines, can be as much of 
a nightmare as the travd itself. Perhaps by 
the end of 1994 some 15-year-old computer 
gen ius w ill invent software to unravel all of 
the FFPs. 


B9'S HB iU'TS 


Competition 

Do try to fly a route served by at least 
three competing airlines. 

ConsoHdatlon Tickets 

Do shop around for consolidation 
tickets. Call the airline for the name of its 
“consolidator. " Chances are they will 
tell you. 

* 

Regional Airlines 

Don’t forget to check regional airline 
services for more convenience and comfort. 


THE HISTORY OF HELL 

By Alice K. Turner. 275 pages. 
529.95. Harcourt Brace. 

THE FORMATION OF 
HELL; Death and Retribu- 
tion in the Ancient and Ear- 
ly Christian Worlds 

By Alan E. Bernstein. 392 pages. 
$ 32.50 : Cornell University Press. 

Reviewed by 
Frances Taliaferro 

T HESE are lean times for es- 
chatologists. or so it seems to 
the general reader. Whatever grand 
theological controversies may be 
raging behind seminar)' walls, out 
here were unaware of them. Per- 
haps the "last things" that are es- 
chatology’s darker subjects — 
death, judgment and damnation — 
ore so painfully manifest in every- 
day life that a look at the morning 
headlines or the evening news is, in 
Emily Dickinson's phrase, "all we 
need of hell," 

In any case, hell's foundations are 
long since established, the landscape 
well mapped, the conventions famil- 
iar. The violent theology of a phrase 
like "Hell's Angels" has lost its pow- 
er to horrify. As far as popular cul- 
ture is concerned, hell is verbally 
trivialized — as in "l had a taxi ride 
from hell" — and visually domesti- 
cated: It's the stuff of New Yorker 


Bv Alan Tmscou 

M ICHAEL RADIN of Man- 
hattan and Michael Kopera 
of Brooklyn, New York, won both 
Grand National titles this year, a 
rare double. 

In the diagramed deal, Radin 
and Kopera were East and West 
and they used a hypermodern 
opening idea that would be prohib- 
ited in nearly all other pairs con- 
tests. Two spades showed 6-10 
points with either both black suits 
or both red suits, and the bidding 
quickly revealed the latter. 

Both sides bid vigorously to the 
six level, and West was about to 
play six diamonds doubled. This 
would have hinged on the opening 
lead, failing after a club lead but 
making after anything else since 
South was marked with the heart 


BUSS 


WHAT THEY'RE READING 


• D. M. Thomas, poet and nov- 
elist, is reading “The Last Investiga- 
tion ” by Gaeton Fonzi. 

“Though Fm not an American. 
Kennedy was everyone’s president 
in a sense. Fonzi was an investiga- 
tor for the House Select Commit- 
tee. which effectively continued the 
Warren Commission cover-up, and 
he writes with intelligence and in- 
dignation." (IHT) 



cartoons and Halloween costumes. 

Two new books suggest, howev- 
er. that (at least in publishing) hell 
is an idea whose time has come. 
“The History of Hell" by Alice K. 
Turner and “The Formation of 
Hell" by Alan E Bernstein are in- 
tellectual histories for the general 
reader, both proceeding from the 
premise that the concept and my- 
thology of hell developed gradually 
over the centuries and were the 
work of many contributors. Here 
the similarity ends. 

Turner's generously illustrated 
"History of Hell" is a fivdy popular 
introduction to views of the other 
world from ancient Sumer to the 
present, with a rich concentration 
on the middle millennium of bell’s 
history. Making no scholarly claims, 
she describes her investigation as 
“geographical rather than theologi- 


But North retreated, and the size 
of the penalty in six spades doubled 
became the issue. The declarer was 
in some danger of losing two heart 
tricks and one in cadi block suit. 
He ruffed the opening diamond 
lead and played high trumps. East 
held up nis'ace twice, aiming to 
restrict entries to the dummy, and 
won the third round. 

South ruffed another diamond, 
and it ought seem that he could 
have made 10 tricks by cashing a 
top club and then crossing to dum- 
my with his Iasi trump to lake a 
club finesse. That would have 
failed because of the internal block 
in the club suit: South inevitably 
wins the fourth round in dummy 
and cannot score his last club. 

Instead. South cashed his top 
clubs and played a third club. East 
was forced to lead a heart, and 
South guessed right, playing low 


cal or psychological," though she 
browses in the latter fields. 

Turner has served as fiction editor 
of Playboy since 1980; this worldly 
experience seems to have sharpened 
her visual imagination and her abili- 
ty to render in practical language the 
complexities of this sexy subject 
She exercises a gift for vivid analogy, 
as when she compares medieval “vi- 
sion literature” to modem reports of 
UFO abductions, and a dry humor 
informs such statements as this: 
“One of the less savory notions of 
the early Church was that of the 
abominable fancy, the idea that pan 
of the joy of the saved lay in contem- 
plating the tortures of the damned." 

Turner is interested in the sort of 
quirks that bother you and me and 
even die theologians. Some ostensi- 
bly trivial theological problems are 
actually quite substantial, like tlx: 


from his hand and escaping for' 
down two. 

NORTH 
4 J 6 4 2 

* J98 

0«3 

* J 10 7 6 

WEST(D) EAST 

* — A A 7 3 

U A 10 7 5 2 _ SQB3 

OQ 10 88542 0 AKJ7 

*4 *Q98 

SOUTH 

* K Q 10 8 8 5 
?K4 

0 — 

* A K 33 2 

East .and West were vulnerable. 
The bidding: 

West North East South 

2 * Pass t N.T. DM. 

30 Pass 49 4* 

5 0 Pass Pass 3D 

Pass 5* Pass Pass 

6 o Pass Pass DbL 

Pass 6 * DbL Pass 

Pass Pass 


BELGIUM 

Brussels 

MusOe d'Art Ancten, tel: 


Musde d'Art Ancten, tel: (2) 508- 
32-11, closed Mondays. Continu- 
ing /To Feb. 27: "Us xk et La Ubre 
Esthdtique, Cent Ans Apres." Fea- 
tures the works exhibited under the. 
aegis of the two audacious Belgian 
associations between 1884 and 
1914. Indudes works by Seurat, 
Bonnard. Ensor, van de Velde and 
Khnopff, among others. 

BRITAIN 

London 

British Museum, td: (71 ) 323-6525. 
dally.-To Feb. 13: "Demon of Paint- 
ing: The Art of Kawanabe Kyosai, 
1831-1888." More than 100 of Kyo- 
sbj's paintings, drawings, woodblock 
prints and illustrated books. 

Royti Opera at Covent Garden, tel: 


(71) 240-1200. Bizets "Carmen. ' 
Directed by Nuria Espert, conducted 
by Jeffrey Tate, with Denvce Graves, 
Neil Shfcoff /Richard Marateor and 
Leonti na Vaduva. Jan. 21 , 24 , 27, 29 
and Fab. 2. 

FRANCE " 

Paris 

Centre National de la Photogra- 
phie. tel: 53-76-12-31, dosed Tues- 
days. Continuing/To Feb. 7: "Van- 
ttes: Photographies de Mode das 
19eme et 20eme Sedas." Fashion 
photographs Including works by Lar- 
tigue, Sarah Moon, Nadar, Newton 
and Irving Penn. 


Muses d'Orsay, tefc 40-49-48-65, 
closed Tuesdays: Reopening /Jan. 
1 1 to Feb. 1 3: "Nabte: Bonnard, Vuit- 
terd, Maurice Denis, VaHotton, 1888- 
1900.” 300 works by the group of 
young artists who exhibited together 
in the last decade of the 1 9th century 
and whose common style was partly 
derived from Gauguin s Rat pattern 
compositions. Fans, screens, tapes- 
tries and illustrated books are Induct- 
ed. 

Strasbourg 

Opera du Rhin, tel: 88-75-48-00. 
Gluck's "tphlgerueenTaurWe." Con- 
ducted by Louis Langree, with Sylvie 
Brunet and John Handcock. Jan. 16, 
22, 24, 26 and 28. 

GERMANY ~ 

Berlin 

Museum for Volkarkunde, tet: (30) 
83-01-1, closed Mondays. Continu- 
ing /To Jan. 30: "Von Kotos zu Plas- 
tik: Sodseekutturel kn Wandel." Doc- 
uments the arts and traditions of the 
South Sea islands. 

Nuremberg 

Germanisches Nation^ museum, 
tat: (911) 13-31-0, dosed Mondays. 
Continuing /T q Jan. 30: "Henry van 
de Velde. Paintings, drawings, jew- 
els and architectural models by the 
Belgian architect and designer 
Stuttgart 

Staatgaterle, tel: <711} 212-4101, 
closed Mondays. Continuing/To 
F 6 b. 20. "Harm Matisse: Zetehourv 
gen und Gouaches Decoupees.” 
Drawings and cutouts. 


Staatstheater. tel: (711) 1-97-03. 
Verdi’s "F 6 goletto. ,, Conducted by 
Ingo Metzmacher, with Gabriel Sade. 
Wolfgang Schone and Catiiona 
Smith. Jan. 20 (premiere). 23, 28 
and 31.' 

ITALY 


Venice 

Museo Correr, lab (41 ) 52-06-288. 
Continuing /To April 4: “Pietro 
Looghi." 50 paintings. 35 drawings 
and 14 prints by the 18 th-century 
Venetian painter famous for his ironi- 
cal description of Venetian life and 
manners. 

JAPAN 

Tokyo 

Sogo Museum of Art tel: (45) 465- 
2361; closed Tuesdays. To Jan. 30: 
"Oaimyo Culture. Treasures from the 
Hosokawa Family " Features por- 
traits, Noh and tea ceremony uten- 
sils, calligraphy and furniture of the 
BJo period from the private collection 

of the family of the current prime 
minister. 

HETHERLAHPS " 

Amsterdam 

Muziektheater. tel: (20) 6-255-455. 
Mozart’s "H Re Pastors. Conducted 
by Graeme Jenkins, with Bruce Ford, 
Teresa Ringholz and Christine 
Schafer. Jan. 12, 14. 16,19, 21, 24, 
26 and 28. ' 

Rijksmuseum, tei:(20) 673-2121, 
dosed Mondays. To March 6 : "Da- 


geraad der Gouden Eeuw: Noordte- 
3ertSdse Kunst 1580-1^0 ^0 
works of art from the Dawn cr the 
Golden Age," mefuding paintings by 
Aver camp and Frans Hafs, as wes as 
tapestries, furniture, silver and glass 
items of the same period. 

PORTUGAL 

Lisbon _ 

Lisboa 94. As European Cultural 
Capital of the year, Lisbon wHI offer 
various exhibitions at the Museu Na- 
cwnat de Arte Anttgsu the Museu Na- 
tional dos AzuJejos, the Museu do 
Cftiado and the Centro Cultural de 
Belem. The Coliseu. the Teatro S 
1 1 iic and the Audit Orio da Fundacao 
Gufbenkian win host ballet perfor- 
mances by Portuguese and toreign 
companies (including Merae Cun- 
ningham, Pina Bausch and Sankai 
Juku). tiie musical program wlU In- 
dude Portuguese operas commls- 
sloned Ibr this celebration and sever- 
al Beniamin Britten productions as 
well as performances by foreign or- 
chestras (the London Symphony, the 
Oslo Symphony Orchestra and the 
Czech PhUarmonic). 

SPAIN 

Madrid 

Museo Naclona! Centro de Arte 
Reina Sofia, tel: 467-50-62, dosed 
Tuesdays. Continuing/To Jan. 13: 
"Vienna 1900." Emphasizes the far- 
reaching influence of Vienna on liter- 
ature, architecture, art and music. 


CB 9 SSff 0 B B 


ACROSS 

\ Six-Day War 
commander 
r Music makers 
10 Paul Fusco TV 
rote 

is Oregon city 
14 First name k n 
Iannis 

is My 

is Chico, realty 
is Common vow 
is Snorkel, tor 
one: Abbr. 


so Rocky Road 
servings 

21 Chair person? 
23 Gauge 

26 Chan portrayer 
26 Flummox 
29 Like some 
polynomials 
31 Bud's buddy 

22 St John's 
player 

36 Reps, 
as Blow it 
40 Bubby ot the 
N.F.L. 


Wes led die diamond nine. 


Package Deals 

Do look out for fly-drive and fly-stay 


Single Cabins 

Do consider carriers with single cabin 
service. Nobody will know that you are on a 
cheap ticket. 

Frequent-Filer P ro motio ns 

Do look for FFP promotions: triple and 
even quadruple miles, phis short-term tie-ins 
with other airlines, car rental firms and 
hotels. 


geographical location of “Abra- 
ham’s bosom"; other questions sug- 
gest the what-ifs that occur to sev- 
enth graders cm a really ornery day. 
(Would food that you consumed 
during your lifetime be part of your 
body al resurrection? Yes. Wdl then 
what about cannibalism?) 

“The History of Hell" turns out 
to be a capsule history of Western 
dvilizatioo as seen from one partic- 
ular point of view, and a rich an- 
thology of general information 
both bterary and visual. 

“The Formation of Hell” is the 
first installment of a projected mul- 
tivoiume work on the history of hell 
from the Bible to Dame: Alan E. 
Bernstein, associate professor of 
history at the University of Arizo- 
na, is a medieval historian and a 
first-rate elucidator whose method 
is close reading of carefully selected 
texts. This book lacks both the il- 
lustrations and the dashing tempo 
of Turner’s “History of HdL" but 
Bernstein's careful commentary 
gradually builds an absorbing his- 
tory, wdl supplied with scholarly 
footnotes. J am not likely to pursue 
references to the Journal for Study 
of Judaism in the Persian. Hellenis- 
tic and Roman Periods, but I found 
that I wanted my own Bible near at 
hand so that I could look things up. 
Sorely this is the kind of response 
that Bernstein hoped to encourage 
when he chose to write for a general 
audience. 

The historical period of this vol- 
ume is limited, but the subject is 
vast. Bernstein renders it manage- 
able by concentrating on the ten- 
sion between “neutral death" and 
“moral death," the two most com- 
mon options in the ancient world. 1 
“Neutral death" assigns the dead 
to a “morally neutral storehouse," 
“a pallid half-life without either 
reward or punishment," as in the 
Hades erf Greek religion and (ini- 
tially) the Sheol of Jndaism. 
“Moral death,” however, provides j 
a “subdivided, mapped under- 
world. zoned . . . according to 
ethical principles," in which the 
righteous are refreshed and the 
wicked are tormented. The Egyp- 
tian land of the dead was such a 
place. 

“The Formation erf Hell" is not a 
quick fix for the idle reader, but it ' 
rewards sustained attention and 
makes a good, sober partner for the 
chattier “History of HelL” 

Frances Taliaferro, who teaches 
English at the Brearley School in 
New York, wrote this for The Wash- 
ington Post. 


Solution to Puzzle of Jan. 6 


onnm annan aana 
□Earns HtnsHa naan 
□snn □□□hh anna 
Qnia3a0aaananaHa 

□□D HUSH 

□□□□□ □□□ □□sun 

□□□□ □□□□□□ maa 

EBBD HDOQa □□□□ 

dbh □QQnna □□aa 
□□□oca ana □□□sa 
□san ana 
□□□□□□□□□□□□□□a 
□□hq mnaa qqdh 
□dqq □□□□□ aaaa 
□aau □□□hq naa □ 


42 t_l_ Cool J’S 

genre 

43 Affix a brand to 

46 San .Tax. 

46 Wanted-poster 
abbr. 

47 Untrue 
49 Norton’s 

workplace 
si S pokes 
sabngulne 
toppings 
5» Blue, in a way 
aa Wliat’s more 
as Kettle and 
others 

62 Dear one? 

63 Head at surveys 
*7 Sleep disturber. 

possibly 

« De Valera's land 
6a10-Across and 
others 
to Ue on the 
beach 

n Driller's deg. 

72 Floating 

DOWN 

1 Poivre's mate 

2 Lemon and 
orange, e.g. 

3 Het up 

4 Airport pickup 


s string 

a Squares 
7 Yearbook 
signer 

• SorE: Abbr. 

9 ‘All My Pretty 
Ones* poet 

10 "Goodbye. 
Columbus' star 

11 Burdened 

12 Arctic Anger • 

14 Pucks 

it It Impresses 
22 Saturn’s end? . 
24 Novi Sad native 
28Steinful9 - 
27 Rim producer 
Schary 

29 Simon La Son’s 
band 

ao Uke Nash's 
lama 

33 Bullpen stats 

34 Outmoded 
items 

35 -No — " 
(menu phrase) 

37 Fish haul 

38 Practice with a 
palooka 

41 Charlie Hustle 
44 Ruffle 
49 Ot nobility 


O New York Hines Edited by Will Shortz. 




n 



1 





i 

*1 s 




w 

ao 




w 








Puzzls or Fr»d Mocop 

SO Sparkle 

si Barely islks 

52 Word for a 
person on the 
go? 


54 What George eo Gazetteer data 

couldn't tell si Fein 

55 Letters belore a 

state name. ®* Sa-fi suffix 

perhaps 95 Carte start 

se Cagney role 08 Wings at a son 



MARCH 23-24, 1994 ■ DOLDER GRAND HOTEL. ZURICH 

Following the considerable success of their first event. International Fund 
Investment and the International Herald Tribune art convening their second 
major global fund management conference in Zurich on March 23-24, 
1994. As before, the conference will offer a platform for debate between 
a large number of the world's leading asset managers and economists. 


THE CONFERENCE WILL BE DIVIDED 
INTO THE FOLLOWING SESSIONS: 


Equities 


Bonds 


Emerging Markets 


Currencies 


Derivatives 


Hall 


IWTBKifA TIANAlL FflWB IN VESTMENT 
FOR FURTHER INFORMATION 

Please contact Brenda Hagerty. International Herald Tribune, 63 I-ong Acre, London wcse 9JH 
Telephone: (44 71) 8364802 Facsimile: (44 71) 836 0717 































































































Page 11 






\>S0 








• '**#t*6t** 


flKvs 



ttrV 


& 


Af 




'.H-., - 



THE TRIB INDEX: 

International Herald Trfoune Work! Stock index O. composed of 
2B0 lntemaflonaBir invastabte stocks from 25 couhtrtes, conV»ad 
by Bloomberg Business Nero, Jari. 1, 1992 = 1 00. ' 

1W1 • • : •' ■ • - L i. — - 




As Investors 
Take Profits 

Coapikd bf Om Sniff F m Dupe**** 

HONG KONG — Hong Kong 
stocks took their biggest one-day 

iflnnge since ibe worldwide col- 
kpse of October 1987 oft Thurs- 
day, as a kjog-expeded bout or 
profit-taking swept the market. 
“The Hang Seng index plunged 
793.43 points, or 652, percent, to 
7450. 


Inter national Herald Tribune, Friday. January 7 . m4 

U.S. Opens Airline Policy 

Ceiling on Foreign Investors to Rise 

_ . .. r— and competitiveness of the US. . **» 


. oOwmSse.ttm ton top stocks arawetofl 


lteang war commy = 
markets. Turnover was £73 bu- 
y\ w Hong Kong dollars (S1.78W- 
Ban), tip slightly frean the previous 
day's $13.14 biffioo. 

"It’s been buHdingup for the last 
few days," said Chris Malpass of 
Peregrine Securities. “The market 
wrebeavQy overbought, and really. 

there is any particular spark which 
has caused the sell-off. 

The Hang Seng index gained 
115-67 permit last year, m 
the fourth quarter, as American, 
Japanese and European investors 
started pouring funds into the mar- 
ket yyfcng daily volume soaring. 

Low interest rata in die United 
gate have sent American investors 
searching for better returns over- 
y^ As China booms, too, in viators 
have been buying Hong Kong 
stocks to get a piece of die action. 

Mr. Malpass said selling was seen 

aooa theWd and, in pMtmoto, 

m ttoreal estate industry, which has 
made rapid recent gains. “They are 
the natural- candidates for profit- 
laVing given the substantial fortunes 
being made," said Mr. MaJpass. 

: Kiric Sweeney, (firector of re- 
search -at Lehman Brothera Asia. 


Coupled ty Our Sioff f«»* Dqmto 
WASHINGTON - The 
White House proposed Thurs- 
day that the crilicg tm foreign 
investment in U5. airlines be 
raised to 49 percent from tire 
current 25 percent of voting 

slock when it announces its new 
airfare policy, industry sources 
said Thursday. 

However, the plan would 
the higher investment ced- 
ing applicable on a country -by- 
oountry basis. Only those other 
nations that allow U5. compa- 
nies significant minority stakes 
in their domestic carriers wul be 
eligible, they said. 

Current U.S. law caps foreign 
investment in U-S. airlines at 25 
percent of voting stock mid 49 
percent of non-voting stock. 

The government plan would 
also reform air-traffic opera- 
tions. reform bankruptcy law 
and oromises a review of un- 
nffd^t federal airfare regula- 
tions. But it did not contain tire 
major tax rollback the airfares 
had sought. . . 

The proposal to raise the in- 
vestment ceiling closely tracks 
r ecommenda tions made last year 
by an independent c omm is s ion 
created by Congress and the gov- 
ernment to study the problems 


and competitiveness of the US. 
airline industry. 

The co mmissi on recommend- 
ed several new initiatives, includ- 
ing a government corporation to 
administer the US. air traffic 
control system, as well as reduc- 
ing taxes and user fees paid 5> 

airfares and passengers. 

“If we can find a way to reduce 
tire meffidcncies in tire system. 

Only those 
countries that 
have reciprocal 
arrangements will 
be permitted to 
raise stakes. 

that will ensure more competi- 
tion [and] that will reduce costs 
to the airfares, which «21 he 
pawd on to the consumer,” 
Transportation Secretary Feder- 
ico F. Pena said on television 
Thursday. 

Mr. Pena said the onty tax re- 
lid tire adminis tration was willing 
to provide was a previously an- 
nounced two-year delay in the ef- 
fective date of new tax on trans- 
portation fuels. 


He aided tins the Trartsportn- 

wdr. Dee jrtaeai «csid speed up 
■osirfsinra Giocai Positioning 
System, j sate2ite-rnsed saviga* 
■jc-na: r.s:s!= :toi can increase 
asnpjce* aptrity and reduce 
coitl' airiias delays. 

Mr. Pei a ssic ±e ucpauncm 

woald also review - regulations 
•*itis”ar. eve to cuickJy ending 
uca ceded "ar.es. which airlines 
M v tit etc hundreds of mil- 

lions of dollars a y ear. 

“Tbs initiative is good for 
consumers. :t‘s good for the Ln- 
dustr. and its employees, and it's 
2 ooc fee communities." he said. 

“ The icnr.isisrration says it 
canto: afford any more tax 
“teaks as tries to reduce the 
budget defirii. 

Atr-traffte control reforms 
weald shift control to a new gov- 
ereonen: corporation and away 
from me Federal Aviation Ad- 
iBigh uaMa to help clear away 

“On: goal is to make ATC 
recre business-like and to over* 
a.-ire cnam chronic impede 
metns to good management." 
Mr. Pena said, citing inflexible 
p-rsortori rules and burdensome 
'“■cc.irs’nsr.L regulations. 
t “ ~Rr~ers, AFX, Bloomberg) 


tallgeselischafl 

Survival Rests 
On Bank Bailout 

Metals Giant Cites Losses 
As High as 3.3 Billion DM 


China Said to Act on Grain 


CunpUrdby Oar Staff From Dupotha 

BEUING — Chinese officials 
are rushing grain u> several prov- 
inca where supplies are tight and 
taking other emergency measures 
to contra! volatile prices, reports 
said Thursday. 


hdp 


Industrial Sectors 


St' ~ 

dB— MB— 


aero 11137- <30.4 8, -4-135 CttOtj ODC* 1 11.83 1t1^5 -0^ 

Uflffies 1195* Jiao* BwrlOpM* — VT&SB 11538 _fV_- 

Erana 113*11338^ ^ 

SerriCW 11851 119J8^ HteOrtmoi 135^ -187.64 .^ 

"SdSiiSS Santa 

^ ... ..... ... .. ... j©jpiM«ipi*yi«WdT;«»^ 


transport 700,000 tons of 
^ which is 100,000 tons more 
an originally planned. 

The report, which appessrea in a 
China-funded newspaper in Hong 
Kong, was denied by an official at 
tire Internal Trade Mims try. 

id Thursday. _ Although there have been no re- 

Tbe reports suggest offic^^; ^^^1, officials cleariv ^ 
Kirk Sweeney, mrecior w *v- main womed abo ?P at J“' stocked when grain prices soared m 

search .at TAmrn Brothers Asia, over gram pnees, wtotfa sfa« i^30 Novcmber despite a bumper h ar- 
a rqxrrt published cm Thurs- percent to 40 P crc ^}f t ^l^ vest. Many farmers apparently »itb- 
that SemMmt wiD atbest, be before the government namposed ^^^pfarantheinaikeiafiCT 

stake for tire next few months. pike controls. .... rh „. tire government announced it would 

lanfare The government deaaed tnai 
»i?S^Sf?5^onaisto74and eight provinces and the ajx& of 

Matheson 650 ck^lara ro / ^ igi n V. Shanghai and Tianjin 

Greong tot 3-75 netted the shipments, according to 

to 2830 and Hcndajwn^ Raaer1! ) trains would be used this month to 


took effect Jan. 1 already have uig- 
eered a rash to buy color lelevi- 
5ons and other household elec- 
tronics. _ ... 

MeanwhDt. Luo Zhiling, vice 
chmrman of tire state planning 
commission, said Thursday that 
-the living standard of tire vast ma- 
jority of the people not only will 
no* fall but will improve" in spite 
of shortages following iwent eco- 
nomic reforms. lAP. Reuter) 


CcmfiicJ b Our Sizi! Fomt Dapatas 

FRANKFURT - Metallge- 
sellschafl AG, the stricken German 
metals group and one of Germa- 
ny's most prominent companies, 
revealed potential losses Thursday 
of up to 3.3 billion Deutsche 
(SI 9 billion) and said it would fail 
if its bankers did noi bail u out. 

In addition to 2 huge loss of 15 
billion DM for the business year 
■ended on Sent- 30, Metallgesells- 
cfaaft said it might tove to report a 

loss of a further 1.5 billion DVj 
from risky oil deals in die u nited 

St K5i-Jcsef Neukirchen. tire new 
management board chairman, said 
tire companv faced insolvency 11 
hmfcs turned down his proposals, 
which include an injection of aoout 
1 7 billion DM in new equity. , 
MetallgeseUschaft's workers 
council warned of “unforeseeable 
consequences Tor the repuuuoc of 
German industry" if tire plan was 

rejected. , . 

MeiallaeseUschaft was plunged 
into crisis in early December when 
it had to ask banks for extra credit 
after it was caugfa off guard by a 
sharp fall in oQ prices. Two top 
executives were then fired and a 
further four left tire management 
board. 

The company said Thursday 11 
was confident its fortunes could be 
turned around if a 3.2 biDion DM 
pa cka g e of capital measures and 
ann ounced on Wednesday 
was approval by the company s 
creditor banks. 

The banks have until Jan. U to 

approv^epa^-ta^on^ 


4Q0to 51.00. 


8 

By CaHum Hoiderson 

’ AJT-Extd News - - 

EW YORK.— Analy^^ra^ 
5 their ratmgs (restock ctyhto. 


j. Analysts Say 


naa tneu oup vim ujw 

tire government announced it would 
raise prices in 1994. 

Officials now daim that grain 
prices have stabilized after several 
measures were taken to prevail 
speculation. One report noted that 
600 officers now check prices daily 
at grain stores in Beijing. 

The government has warned that 
inflation, already naming at more 
than 20 percent annuall y in urban 
rhina. could derail ambitious new 
market-style reforms planned this 
year. Worries over new taxes that 


■ Chinese to Buy Homes 
Embarking on one of its toughat 
economic reform programs yet, tire 
government will ask residents to buy 
tireir homes beginning this year, tire 
official China Daily rcponed,ao- 
cording to a report from Koomberg 
Business News in Hong Koag. 

Full-scale touring reform is sup- 
posed to start this year and wfa 
focus on selling most public hous- 
ing and raising rents to cover future 
construction and maintenance 
costs, the paper said. 


VC LUV — , 

me equity injection, banks are be- 
ing arited to raise their credit lines 


mg asxea 10 iodc — - 

to Meiallgeseflscbaft by 500 mfl 
lion DM. But analysts were already 
predicting a sharp drop m the com- 
pany’s stores when trade resumed 
after a suspension on Thursday. 

An earber balance sheet drawn 
up bv the old management tod put 
the company’s loss for tire year fa 
347 million DM, around one-fjfih 
of the new figure. Even that loss 
had shocked analysts. 

Mr. Neukirchen pul forward ten- 
tative plans for tire sale of two of the 


vast network of about 250 subadiar- 
■es that make up the conglomerate, 
it was the 10th- largest company m 
Germanv in 1992. 

A television report quoted Mr. 
Neukirchen as saying the units 10 
be sold were Kolbcnschmidt AG. 
an auto-pans supplier, and “a glob- 
ally operating raining company 
with headquarters in Toronto. 

That description fits Metall Mining 
Corp_ in which Meialigoellsctofi 

holds 51 percent. 

He aiso said that staff expendi- 
ture had to be reduced by between 
tfw and 700 million DM. Currently 
•he company employs about 

58,000. ’ „ . . 

“We must try to reduce financial 
debt, which is extremely high, by 
our own actions and not just 
through capital measures, he said- 
The company said Wednesday 
after its meetine with creditors, no- 
tably banks, that its proposed re- 
structuring and consolidation 
package was “positively received- 
“We are presuming that it will be 
subscribed bv the shareholders, 
said Helmut Hanmann, a spokes- 
man for Deutsche Bank AG, one of 
Mctallgesdlschaft’s leading credi- 
tors and shareholders. 

Ingrid Burkhardu an analyst at 
B Metzler Sohn & Co., said: “Neu- 
kirchen is at pains to get all the bad 
news on the table. At least. I hope 
it’s all the bad news." 

“The banks will make sure that 
the offering goes through," said 
Ms. Burkhardu She noted that 
Deutsche Bank in particular tod 
guaranteed similar operations in 
other cases in tire 1980s. 

Although shares m Melange- 
sellschaft were suspended, bank 
shares in Germany were sharply 
lower on Thursday. Dr^dner Bank 
tumbled 9.80 DM to 453 DM and 
Deutsche Bank fell 10.50 DM to 
859 DM. 

The stock exchange said Metan- 
gesdlschaf 1 stores were suspended 
ontofor one day. The store closed 
Wednesday al 278 DM in screen- 
based trading and had been trading 
close 10 350 DM before the credit 
crisis broke. 

(Reuter, Bloomberg, AFT. AT) 


uxajjiu* wm w— - p — 

nancfil probtensat Europisney 

“"Sriji, sty the^ ^swei-pn* m 
d omxbk yem by immsasngtosa 
rSSe^wStdr .dl - tto theme park 
PaSwfa^curonriy in tatowi&itshank- 

^^MEuro Disney's 

■tssaai 

- so-cafled mfonnation 

'SsSSiaasSS 

gain mtonntiai^ &om a 

Stiri Secarioes, sad. ■ jJTV 

“attractive or -ouy, 

’waits top 

enrertainment stocks 


PmneWebber raid Disney was 
positkared” toTrenefit frmi Whan 
Sfifin output and a lestructunng Euro 

Smtiey SCahM^itti^S 

a Disaey to “buy” fnxn bold, aud Safa- 
made abuy rec- 


Inc. has abo made a buy rec- 

CHUmendation «t Disney sj®*- 
Manao VigatAa, an analyst at oaiomon, 

aSX.®* earnings comparuwns 


Euro Disney’s problems 
aside,Walt Disney, with 
He programming assets, 
shonld be a strong 
^ in for ma tion 
SBperfii^i^y” piny* 


co release of “Beauty and the BrasT ' ifaoidd 
raise video profit by 50 percent for the year 

CT Si Ms. Viliams and Alan Kassan at 
Morgan Stanley forecast that DlSQ J : y. 1 J? 
earn about $2.00 a store in the cunentfinan- 
dal vear, compared with 55 cents a store m 
the year to September 1993. Before cb^ga 
for amounting changes and 
Disney, earnings last year were $L63 
AcSading to Mr. Kassan, from IJ&jto 

jfSgttfflsargfr 

and consumer-products tmits. , - 

Analysts said that, despite an expected nsc 
in traSfais year that 

SS^wk revenues, the tfaaafrgfe ■ 1 ^ 
-ness was osentially a mature 
Disney’s revenue and profit grow fa ^ hkely 
to com e mainly from its film and consumer- 

Mr. 

dm buriness warrants a higher valuation 
S in the past, in view o[ the greater upade 
in the animation area and the 
pay-per-view and fwnagn 1 5 VBa y£.? r ?^ d 
t’or die year to September W3, JwkA 
entg tainm ent and consumer products ac 
bunted for 59.7 percent of Disney s revenue. 

Ms. Williams said her nm-tom sh^ 
price larger for Disney was at tost$50to $55 
^hal ^The stock was quoted Thursday at 
$45,625, I? 75 cents. 

She sees kmg-tenn annual earmngs ffowth 
averaging 18 percent and adds faat<m a rash_ 

flSrS, Kney has an asset value of 
•around S66 a store. 



aMBict g uwam RAtis 


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Jan. 6 

Cro ** ' a '- : oj*. . ^ -^ua w 

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Pb bU cMi raw* \JBA- oao lm*. Haw »QaawreftiU.I 


r^nAMirtra 
^aMBu raarara _ _ 
iMca uraoiiiliRwraw, 


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.Sources 




»«««•* 


.»•• I 5 * 

3* 2 Hi 

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ns its 

U2 US 

64 SK 
410 4T5 

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ssi 5s 
42S 426 


420 420 

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<04 6ft 
6 h 415 
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js.yiar oat 333 W® 

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Add 

AM *M. C*>v* 

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too nrlooaiilem Yorit Cornea (Faei 
Source: Reuters. 


tradition... 

ONLY WITHIN INNOVATION 

A world without the necessary rools to progress is a world without a lumre. . . 
In asset management, like many other fields, .t » ^ ‘ our mcthodiM , ^ of 



Vsluts provide exceptional added wine in the ptotecdon and development nf out dtents asseu. 

UNION BANCAIRE PRIVEE 

GENfiVE — — ‘ 

INNOVATION IS OUR TRADITION 







ofl 







Ha. . 


Pi 


Page 12 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, JANUARY 7, 1994 


- MARKET DIARY 


Bond Rally Brings 
Dow a Record High 


NEW YORK —Blue-chip slocks 
finned Thursday as investors con- 
centrated on a rally in bonds that 
was sparked by Labor Secretary. 


N.Y. Stocks 


Robert B. Reich, who su g gested job 
growth in December had fallen 
won of wpecnons. 

Hie Dow Jones industrial index 
topped the barrier of 3,800 for the 
first time, climbing 5.06 points, to 
3,803.88. It had risen 14.92 points 
on Wednesday. 

Volume on the Big Board was 
about 357 J53 million shares, down 
from 375.13 million on Wednesday. 

Mr. Reich said that the employ- 
ment report due Friday would 
probably show a gain of 160,000 to 
200,000 nonfarm jobs, less than 
generally forecast. 

The implication that the econo- 
my may not be growing as rapidly 
as believed underpinned the bond 
market, which would suffer from 
inflation that accompanied a 
strong expansion. The benchmark 
30-year Treasury bond was up 
22/32 in late trading, at 98 24/32. 
The yield was quoted at 6J4 per- 
cent, down from 6.4 percent. 

Although bond investors took the 
view that the economy was not as 
strong as had been supposed, deal- 


ers said there was still considerable 
optimism about the economy. 

“We believe the strength in the 
economy will continue into the first 
quarter, despite some of the num- 
bers this week," said Robert von 
Pentz, chief investment officer of 
Riggs Investment Management 
Corp., which oversees about S2J 
billion in assets. "The big engines 
of economic growth, bousing and 
autos, are still firmly in place." 

Circuit City Stores paced the New 
York Stock Exchange actives, fall- 
ing 4Vi to 17ft. The company said 
same-store sales, or sales in stores 

open at least a year, rose 8 percent in 

December. But it also said it expect- 
ed its earnings to be flat in the 
coming financial year. 

Kmart was second followed, off 
1% to 19tt. The retail giant said 
same-store sales rose 1.1 percent in 
December, “but the gain w as ad- 
versely affected by significant de- 
clines at the soon-to-be-divested 
PACE Membership Warehouse and 
Pay Less Drug Store businesses.” 

Adobe Systems led the Nasdaq 
actives, up 4 to 2656 after rating 
upgrades from Alex. Brown & Sons 
and Hambrecht & QuisL After the 
market closed Wednesday, the 
graphic software maker reported 
fourth-quarter earnings of 34 cents a 
share, up from 18 cents a year ago. 

(Bloomberg, Knight-Ridder, UPI) 


Dollar Passes 1.74 DM 
But Slips Against Yen 


AFPExtei Sews 

NEW YORK — The dollar rose 
against the Deutsche mark and oth- 
er European currencies but feD 
against the yen Thursday. 

Hugh Walsh, a dealer at ING 
Bank, said American fund manag- 
ers entered the market to buy the 
dollar against the Deutsche mark 
and the Swiss franc even though 


also rose to 1 .4820 Swiss francs from 
1.4797 francs and to 5.9250 French 
francs from 5.9055 francs, though it 
eased to 112.60 yen from 113.025 
yen.ThepcHindfelltoSl.48I3 from 
S1.4875. 


Foreign Exchange 


the Bundesbank decided not to re- 
duce key German interest rates. 

Although firmer interest rates 
normally would make a currency 
more attractive to investors, he 
said, the trend lately in Europe has 
been for countries that cut their 
interest rates to see their currencies 
strengthen, in the expectation that 
lower interest rates will help weak 
economies recover. 

Mr. Walsh said Quantum Fund. 


headed by George Soros, had been 
tivebu 


an active buyer of dollars at around 
1.7370 DM. This. he said, helped 
push the dollar through resistance 
levels at 1.7400 DM and 1.7425 
DM, triggering more buying orders 
from bank dealers and customers 
eager to take pan in its rally. 


The dollar closed Thursday in 
up from 

1.7400 DM at Wednesday’s dose. It 


New York at 1.7446 DM, 


Amy Smith, senior foreign-ex- 
change analyst for IDEA in New 
York, said recent data had shown 
the need for a rate cut in Germany 
to give the economy a lift. She pre- 
dicted the mark would to weaken 
until the next Bundesbank central 
council meeting in two weeks. 
“Paradoxically." she said, “when 
the Bundesbank does finally cut 
rates, the mark should strengthen." 

The doDar, meanwhile, retreated 
below the 1 12.90-yen level at which 
it was trading before Treasury Sec- 
retary Lloyd Bentsen said Wednes- 
day that allowing the yen to weak- 
en was not an acceptable way out 
of recession for Japan- 

Lisa Fmstrom, an analyst at 
Smith Barney Shearson, said Mr. 
Bentsen's comment represented “a 
shot across the bow for the Japanese 
government." She said she believed 
the comment had been intended 
“basically to make dear to them that 
the U5. wiD not let them out of their 
pledges to open their domestic mar- 
kets and to boost growth." 


Via AnoekAed Prcji 



^w>^^^^itjsirfaf average 

.my .. ?•.' . 



j : 

33»;’;; AM 


m Jj\J 

*a * . 

’ . V .' 

• 

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:1»3 •, 

□ 4 
.1994 

IHT 


NYSE Most Actives 



VoL Hfeb 

Low 

Last 

CMk 



iaV> 

1776 

—4ft 

Kmart 

86791 209, 

I4<ii 

1MU 

—176 





^1 








287* 

297i 



KhSKjIi 




TatAAex 

rr'-En!* 

*77* 

67ft 



m . t r.fi 







20 








■ : 1 1 










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r'TT.I 




fancWa 

26354 41 Vi 





AMEX Most Actives 



VeL 

tflab 

LOW 

Last 

am- 

GHCdapr 

20408 

7ft 

2ft 

2ft 

* 

EcnoBay 

13292 

14ft 

13ft 

14ft 

-ft 

A£n< 

10417 

Ift 

1W 

Hr* 


RovalOg 

«37 

5>M 


5 






7V« 

+ Tft 

FnrMxB 


4ft 




ChoySIts 


38>4 

27ft 

27ft 


TopSnce 

6370 

S‘. 

4ft 

5ft 

-V* 


6704 

7 



— w 


5752 

"m 

v* 

I'm 


Hasbro 




35ft 








PliILD 

4365 

79ft 

74ft 

74ft 

—3 

PCOGM 



37ft 

23ft 

_>A 

E+PLA 

KD 

■'ll 

ft 

ft 

—u u 


NYSE Diary 


Advanced 
Declined 
Unchanged 
Told issues 
Now HiahS 
Now Lows 


ion 1194 

1054 999 

SOT 5SB 
2725 2753 

117 108 

24 37 


Amex Diary 


Advonced 
DecBned 
Unchanged 
Tote* Issues 
New Highs 
new Laws 


349 334 

582 271 

210 314 

841 823 

28 19 

3 7 


NASDAQ Diary 


Advanced 
Declined 
Unchanged 
Total Issues 


am 

TX34 

1.430 

1-485 

4749 


1.09 

1JBB 

1.448 

4744 


Dew Jones Averages 


Open Mod Law Oto- 

ineus *13.17 snara J25-5? 

Truro I78W5 IMCff 1778X6 IKff-27 -2333 
uni 22474 224. VS 271-20 221 JO 8. 8? 
Coma 


32474 22493 721-20 

139467 13*687 1389.45 139428 -4fl 


Standard ft Poor’s Indexes 


industrials 

Trump. 
Utilities 
Finance 
SR 300 
SP100 


Mian Law One ctrm 
544 M 54453 544J7-0.il 
440.19 43228 43*73 + 725 
I4U6 146X7 16491 -00} 
4193 4152 4152—022 
469 J)0 4fl7JJ2 467.12 —043 
43175 431.54 431X9 — IU1 


NYSE Indexes 


Composite 

Industrials 

Transn 

Utilities 

Finance 


High Low Oasa Ofee 

— — 25990 — 011 

— — 317.47— UK 

— — 27480 +325 

— — 22122 — 127 

— — 21427— OL90 


NASDAQ Indexes 


Composite 

industrials 

Finance 

insurance 

Telecomm 

Bunks 

Transn. 


High Low aose am 

787J1 759X0 TSUI +136 
B17JQ 81409 81534 + 22S 
88320 880J2 88259 +025 
90707 90102 90124 —530 
18304 UOfV 18304 +205 


48761 48385 48454 —074 

74V 85 742X9 7056 +657 


AMEX Stock Index 


Ml0l1 

LOW CtaK 

are* 

479X4 

477X3 479X0 

+021 

Dow jonM Bond Hwor»g— 


Cknr 

aipe 


10400 

—005 

10 UtlllNm 

103.18 . 

—673 

10 Industrials 




Market Sales 


NYSE 4 cun. volume 
NYSE prev. cam. close 
Amu 4 pjtl volume 
Amex prev. cons. doM 
nasdaq 4 run. volume 
NASDAQ prev. 4 pun. volume 
NYSE volume up 
nyse volume down 

NASDAQ volume UP 

NASDAQ volume down I 



M.Y.S.E. Odd-Lot Trading 


Buv Soles Short* 
Jon. 9 941909 1894296 109693 

Jan. 4 awxoo v.mm 2+478 

JOT. 1 859,333 1XXUB5 73864 

Dec. J1 735878 1280043 

Dec. 30 754589 1843081 

•inciud/xt In me soles ffotirm. 


SAP 10O Index Options 


Strike Cab-Lad 
Price Jaa F* Mar Apr 


80—-- — 
— 

400 - — - — 

409 — - — — 


PetyLod 

Joa M Mar hr 

* & % m 

N — 4V 

Ik — 1ft 

1 6 16 - 

« k Ik A 

1 2% 


11k 


410 

_ 

_ 


_ 

1* 

1ft 

2ft 


Mar 

94X8 

94X8 

94X8 

415 

176 

_ 



— 

ft 

1ft 

3h 

— 

Jm 

9504 

9405 

9405 

420 

Oft 

lift 

15* 

_ 

it 

2ft 

4ft 


Sap 

95X1 

9534 

9504 

4S 

W 

Wit 

J2W 

— 

m 

3ft 

ilk 

— 

DK 

«42 

95X7 

95X9 

431 

4ft 

6ft 

m 


7ft 

5ft 

7ft 


Mar 

9507 

9577 

9577 

435 

1 ft 

4 

6ft 

— ■ 

4ft 

1ft 

9ft 

a 

Jua 

9504 

9500 

if? 

440 

h 

2ft 

n 

5te 

(ft 

lift 

13ft 

— 

Sep 

9573 

95*9 

445 

ft 

ft 

2 


— 

— 

Uft 

u— 

Dec 

95X7 

9553 

9555 

450 

ft 

ft 

no 

a 

-to 

— 

— 

— 

Mar 

95X3 

95X0 

95X2 

455 

ft 

ft 

19 

— 

— 

— 

— 

— 

Jen 

9527 

952* 

9525 


Caflr. Mol vaL4LH0; MM 
Ms: Mri WLtUUJ MM 


“as 


mm bL 4ltl 


Dec 14 Dec 99 DkM DlCH 

37ft - — — k — 

41 — — — 11k 21k 

«I Ik A - n 81 

41 — - - M - 

Cab: ta4atwL48W.-tuioloeeoW.ian 
Can: KM wL WTO; IdU open W. 1WB7 
Suna:C30E 


Daewoo in Romania Venture 


Reuters 

BUCHAREST — Daewoo Motor Co„ the South Korean industrial 
giam , is io pay S1S6 million for a controlling stake in a venture with 
Romania's carmaker Oltrit SA, the Industry Ministry said Humday. 

This is pan of a major Smith Korean investment drive in the formerly 
Co mmunis t country, Ro mani an officials said. 


ministry spokesman. Corad Florea. 

Under the deal, Daewoo will inject $156 million and vriH hold 51 


300 kilometers (190 miles) west of Bucharest, Mr. Florea said. 


WORLD STOCK MARKETS 


Agra France Prone Jon. A 


CJooe Prev. 


Amsterdam 


ABN Amro Hid 

72.10 

7320 

ACF Holding 

59 JB 

S8JU 


108X0 109X0 

AhoW 

49 JO 

49 A0 

Akzo 

206 

200 

AMEV 

85 JO 

86JBI 

Amta Rubber 

2J0 

2J0 

Bols-Wessaneti 

46X0 

4600 

C5M 

76.90 

75.10 

DSM 

107 106.70 


183X0 

185 




GId-Brocodes 

56 

5500 

HBG 

27650 

281 

Helneken 

219 21550 

Hoosovens 

54.90 

53J0 


B6J0 

88 

IHC Caiand 

4610 

4030 

Inler Musller 

84.90 

85 

Inn Nedenarid 


V4.I0 

KLM 

wl-hll 

K1A1J 

KNP BT 

49.40 

48.90 

Nedllayd 

60 

6010 

Oco Grlnteo 

U20 

68JD 

Pakhoud 

54X0 

54JU 

Phlllpi 

43X0 

4110 

Polygram 

7800 

78X0 


12550 12520 


6400 

6420 

Rollnco 

128X0 128X0 

Rurento 

99X0 

99.40 

Raval Dutch 

210X0 204.70 

Stork 

«xo 

44 

Unilever 

227X0 22500 

Vcn Ommeren 

4*60 

46.10 

VNU 

177X0 174JB 

WolterVKIuwer 

122 17*20 




Brussels 


accc-um 
AO Fin 
Arbed 
Barca 
Bekaert 
Cocker I It 
Cotrepa 
Del ha lie 
EMctratM 
GIB 
GBL 
Gevoert 

KredWSank 

Peiraflna 
Powerfln 

Royal Bel or — - 
SocGen Bamue 8840 8940 
See Gen Belolaue 2719 2489 
SotUW 1«75 15M0 

Solvav 14900 14900 

Troaebei 10025 nooo 

UCB 25*75 25900 


2595 2540 
2950 2935 
4100 4100 
22W 2290 

21 ns 21000 

167 140 

S790 5B3D 
1424 1270 
67VQ 6750 
1500 1515 
4190 4080 
«S00 9000 

oioo emo 

9880 9890 
3590 3600 
5350 5830 


^nrrepl S taCkjii oct : 763V 82 


Frankfurt 


AEG 179.50174250 

Allianz HOW 2S30 2B55 

Altana 629^ 63S 

Aika 1075 1085 

BASF 3028030280 

Bayer 34234380 

Bay. hvbo bank 510S16XO 
Bav Verelnshv 557 S8S 

BBC 

BHF Bonk 

B8AW 

Commerzbank OT-^ 383 
CanUnemal 2598024380 
Dalmter Beni 
Deputed 
Dt Babcock 
Deuhcne Bank 
DOvflka _ 

Dresdnee Bank 
Fe Wmu tWe — - 

F Kn»P Howch 154X0 1SB 
Horaener 329 330 


638 8Jg 
51351750 
7205072180 


844 B43 

4714753* 
254.50 253 

859 849 SO 
967 557 

49344280 
330 330 


Henkel 

Hochtief 

Moecftsf 

Holzmanri 


IWKA 
Kail Sail 
Karafadt 
Koufhof 
KHD 


430 63* 

1259 1292 

304 mm 

1067 1080 
241 737 

349 SO 375 
152 193 

5695734) 
533 532 

12012070 


KloeCkner Worhe I16J011OW 


Unde 
LuMmnso 
MAN 

Mmeimam 

Meiaimseii 
Muencti Rueck 


Preussea 

PWA 

RWE 

RtKfnmekill 

serwrlna 

SEL 

9HAWM 

Tfiyssen 

Varfa 

Veba 

VEV9 

Vlee 


990 948 
1728017480 
407 JO 410 

assn « 

NA. 770X0 
3730 3765 

tbs JE8 

466X0459X0 

■ntna 218 
5138951090 
33980 340 

1115 1094 
393 392 

78380 78MO 
37880 m 
317 371 
517.7052X50 
MO S 
492 497 


OoeePrev. 



Maritas Closed 

The stock markets 
in Helsinki Madrid, 
Milan and Stockholm 
were closed Thursday 
for a holiday. 


Hong Kong 

Bk East Asia M-50 61-50 
Camay poeffle M.W 1131 


Cheung Kuna 4SJS 4980 
~ ‘ laid pm- 


China Llald Pnr .51 ELM 
Dairy Farm Inn 15.10 1&70 
Hong Luna Dev au*- 3 2120 
Kong Sena Bank 7X50 7720 
Henderson Land 
HK Air Ena. 


HK China Gas 
HK Electric 


51 55 

50 a 
23 25.70 
2980 32 

2&2D 3125 


HK Land __ - — 

HK Really Trial 2820 2980 

JSSSflff 

Kr Hy 


Hutch Whampoa 3680 


29J0 3185 
74 80. ‘2- 
3*25 3479 
24JD 2180 
11 11.10 
20M 21.30 
3475 40 

6880 74 

iflfl 4.10 
64 6780 
15 1540 
385 385 
3475 3780 
1+90 16 

1580 1640 

IB&i™ 


Hvwn Dev 
JardlneMatn. 
JardlneStr Hid 
Kowloon Motor 
Mandarin Orient 
Miramar Hotel 
New World Dev 

5HK Proa* 
5felu* 

Swtre Pac A 
Tal Cheung Pros 
TVE 

Wharf Hold 
wmgOntidT 
Winsor ina 


Johannesburg 

1780 1780 
9380 9380 
23023380 
56JS 5380 


AEC1 

Airecn 

Ana to Amer 

Bartons 

Birvoar 

BuHets 

De Beers 

Drtehmleln 

Genaor 

CFSA 

Harmony 

HWftvefd Steel 

Kloof 

Nadbank Orv 
Rondfonle ln 

Rush tot 

5A Brews 
St Helena 


Welkom 

western Deep 
Composite 
Prey lam: 



London 


Abbey Nan 
Alltel Lyons 


Aria WMtns 
IIGrau 


Argyll Group 
Ass Brit Foods 
BAA 
BAe 

Bank Scotland 
BorcldY* 


BAT 

BET 

Sb» Circle 
BOC Group 
BOOK 
BweaWf 
BP 

Brit Alrwmrs 
BrRGn 
Brn Steel 
Srw relearn 
BTR 

Cable Wire 

CotfliurrSch 

Caradon 

Caras vtvefla 

Comm union 

Caurtauids 

ECC Group 

EniorariseOii 

Eurotunnel 

Fl sorts 

Forte 

GEC 

Gem Acc 

Gtaso 


489 

470 

280 

171 

iaa 

489 

aw 

*19 

572 

982 

189 

Xil 

449 

583 

489 

3.71 

463 

391 

186 

iM 

3.49 

309 

583 

483 

284 

683 

571 

481 
483 
6 St 
145 
283 
319 
781 
6X9 


*82 

689 

2JA 

285 

987 

1085 

2-* 

ITS 

6.13 

S86 

580 

1JI 

380 
680 
585 
495 
384 

54 

381 
175 

46? 

351 

MO 

5,16 

419 

359 

685 

589 

473 

447 

687 

180 

280 

326 

7.10 

492 


Close Prev. 


Grand Met 
GRE 
Guinness 
GUS 


& 


HIIMowt 
HSBC Hides 
ICI 


Kingfisher 
Ladbroke 
L and Sec 
Laporti 
Lawno 

Legal Gen Grp 
Lloyds Bank 
Marks Sp 
ME PC 
Null Power 
Natwest 
NthWst Wafer 
Pearson 
P8.0 
PUklnotan 
PowerGen 
Prudential 
Rank Ora 
RecklitCol 
Rutland 
Reed Inti 
Reuters 
RMC Group 
Rolls Rover 
Rothmn (unltl 
Raval Scot 
RTZ 

Sohnbury 
Sari Newcas 
Scot Power 
Sean Holds 
Severn Trent 
Shell 
Slebe 

smith Nephew 

Smith tCItoe B 
Smith IWHI 
San Alliance 
Tote 6> Lyle 
Tosco 
Thorn EMI 
Tomkins 
T5B Group 
Unilever 
Utd Biscuits 
Vodafone 

War Loan 3i* 

Wellcome 

Whitbread 

WittlomsHdgs 

WHibCorraan 


177 

983 

7.76 

583 

785 

181 

774 

7J7 

134 


489 

Z36 

473 

*37 

287 

185 

981 

780 
584 

781 
176 
788 
737 
1.16 


638 

489 

522 

467 

405 

549 

420 

417 

176 

SJ» 

173 


680 


575 
485 
596 
539 
627 
416 
1.7B 

576 
360 


1032 1410 

?4» 7 


5.90 

JUS 


575 

497 


1421 17X7 

933 983 


130 

470 

451 

422 

480 

535 

486 

136 

5X4 

780 

5*0 

132 

M5 

5.12 

410 

*79 

231 


188 

470 

481 

433 


537 
461 
126 
590 
720 
570 
1 88 
192 
413 
392 
419 
223 


1085 MUR 
254 283 


286 280 
1207 11.90 


173 

6 


1*0 

597 


5338 5356 
6X3 467 


NA 

IS 


390 

2J0 


P.T. 30 todex: 258970 


ROT MS: 

Ptwiie: 3379 JB 


Montreal 


Alcorn Aluminum 
Bonk Montreal 
Bell Canada 
Bora caroler B 
CamDI or 

C in r o o w 
Dominion Te»t A 
DanonuaA 

MacMillan B1 
Natl Bk Canada 
Power Cara. 
Quebec Tel 
Quobecar A 
QuebecorB 
Teles lobe 
Unlvo 
videetran 



Paris 


Accor 
Air LhiuWe 

Alcatel A whom 

Bencalre ICW 

BIC - 
BNP 


BSN-GD 
Carrefaur 
GCF. 

Cenn 
Qwroeun 
Cl ments Prone 
Club Med 
Efi-Awmm# 
Eli'Sanati 
Euro Disney 
Gen. Edux 
H avas 
i metal 

La large CoBoev 
Losrwd 
Lvort Ecu/ 

Or oal U-'J 

L.VJI4H. 

Motra+iaaiotte 

MkheUpB 

Moullnejr 

Portbos 

Pftcni ne v imi 


630 630 

633 047 

*60 852 

1600 1557 
592 589 

1307 1306 
287.90 283 

726 721 

943 926 

4178 4161 
297JO 295 
132 126 
1341 1164 
338 

35*35290 
42450 4J7J0 
1044 1036 
3150 3189 
2895 2BM 
441.40 43880 
614 589 

<7440 472 

9660 5600 
577 571 

I3U IJT7 
3863 3840 
157X0 153 
314130 211 

114 10470 
500 901 
2H5J0 21020 


Pernod- Rica rd 
Pevseoi 


Prlntamas tAu) 
Hatechniqi 


Rodh . . . 

Rh- Poulenc A 
Raft St. Louts 
Redoute (La) 
SabitGabatn 

1F« 

Sle Generate 
Suez 


Close Prev. 
426 424 

775 7*1 

977 983 

439 414 

146 14490 
1579 1535 
1037 1040 

an sot 
322 S27 

752 745 

34980 349 


Thomson -CSF I79JM 17X50 
Total 32350 3 T9 

UA>. 652 639 

Voioo 1339 1275 


prevk 


Sao Paulo 


Boncn do Brasil 


Brodesco 

Brahma 
Pai u nanonwna 
Pelrobras 
Telebras 
vale Rio Dace 
Vo rig 


B2SSStfS&i 44,17 


1 5050 «B0 
3190 3050 
1S450 10200 
BSOOQ 77000 
4450 4500 
48300 43500 
1200 12000 
34300 32200 
■ N.Q. 99000 


Singapore 

780 7X0 
585 BJB 

1280 17.70 

1780 1780 
20J0 2370 
372 374 
182 XV0 
5-75 5X0 
6X5 5J9S 
1170 12J0 
428 450 
206 203 
10 30 1170 
IS 15 
BJ5 0-50 
885 880 
1430 1430 
770 485 
460 4X6 
7.90 320 
470 6X0 
1520 1580 
422 421 
173 376 
402 4X6 
11-70 11.90 
286 151 
1238826 


City Dev. 

DBS 

Fraser Neave 

Gentlng 

Golden Hoae PI 

How Par 

Hume industries 

inchcope 

Keaoel 

KL Keuong 

LumCtwa 

Motavon Banka 

OCBC 

OUB 

OUE 

Sembawanb 
Shonyrlla 
Shne Darby 
SIA 

snore Land 
S nore Press 
5lna Sleamshla 
S nore Tele co mm 
Straits Troalna 
UOB 
UOL 


RSI ISTM' 


Sydney 


Amcor 
ANZ 
BMP 
Boral 

Bougainville 
Coles Mver 
Comal ca 
CRA 
CSR 
Dimfop 

Fosters Brew 

Goodman Field 
ICI Australia 
MaaolkPi 
MIM 

Nat Ausf Bank 
News Corp 
Nine Network 
N Broken Hill 
Pioneer Inn 
Niraidv Posckton 
OCT Resources 
Santos 
TNT 

Western Mini no 


990 10X4 
483 490 
IS 17X8 
432 4S 
023 022 

5-54 585 


19.10 19X2 
5 4X3 
S82 522 
128 183 

1.713 187 

1350 1024 
316 318 
2X0 2X1 
1288 1280 
980 980 
584 £20 
3X3 178 
227 384 
370 164 
189 189 

3X9 195 
1X7 1.95 
72* 722 


westpac BcoUna 461 4X9 


WDOtHde 


425 425 
.-3393X0 


Tokyo 


AkfiJ Electr 
Axshf cnemiwn 
AsaMdais 
Bank of Tokyo 
Bridgestone 
Canon 

DafNIom Print lew i»» 
Daien House 190 ism 
O alwa SedurtHes 1300 1260 
Frame 
Full Bank 


445 449 

637 629 
USD ion 
1520 148 
1340 1310 
ISM 1560 

inn iioo 


Full Photo 
' lilt! 


FulHsu 
Hitachi 
Hitachi caste 
Honda 
IfoYofcodo 
Itochu 

jasan Airlines 


3800 3190 
1950 1950 
2SH 2960 
BID 866 
322 836 
780 762 
1680 1630 
5330 5330 
569 550 

6M *W 


Close Prev. 


Kaltma 
Koraal Power 
Kawasaki Steel 
Kirin Brewery 
Komatsu 
Kubota 
Kyocera 

Matsu Elec Incta 
Matsu ElccWks 
Mitsubishi Bk 
Mitsubishi Kascf 
Mitsubishi Elec 
Mitsubishi Hev 
Mitsubishi Corn 
Mitsui and Ca 
MttsufcosM 
Mitsumi 
NEC 

NGK Insulators 
Nftko Securities 
Nbipon Koaaka 
N inpan on 
Nippon Steel 
Nippon Yusen 
Nissan 
Nomura See 
NTT 

Olympus Optical 
Pioneer 

Ricoh 

Sanya Elec 
Sharp 
5Mmazu 
SMnetsu Chem 
5any 

Sumitomo Bk 
Sumitomo Qiem 
Sumi Marine 
Sumitomo Metal 
Tatoel Cara 
Tahho Martne 
Tafeeda Chem 
TDK 
Tallin 

Tokyo Marine 
Tokyo Elec Pw 
Toepan Printing 
Torov tod. 
ToihlSa 
Toyota 
Yamaicni 5ec 
e: * too. 


840 044 

2830 200 
308 318 

1190 1170 
7M 780 
587 S9S 
6050 6100 

S£S 

2640 2620 


544 M 
627 622 

1040 KH0 
692 695 

BIB 822 
mw 2Q20 
906 092 

1020 1030 
1100 1080 
BB2 VOS 
671 as 
304 314 

561 523 

759 750 

1890 1850 
77Wo 7640a 
1050 1050 
2910 2910 
755 757 
440 447 

15W 1500 
610 620 
1720 1670 
5790 5B4S 
1950 TOO 
421 421 

893 899 

772 166 
625 637 

70S 799 

1120 1100 
3920 3900 
423 416 

1220 1220 
3100 3150 
1370 1W 
587 £99 

702 7C8 

1820 1810 
624 6C5 


Nikkei 225: 




S:T7W2 

iSS* 


Toronto 


AblttW Price 
Agnlco Eagle 
Air Canada 


Am Barm 
BCE 
Bk Nova Scotia 
BC Gas 


BC Telecom 

IF 1 - 


OF Really HdS 

Bramaiea 

Brunswick 

CAE 

Camdev 

CISC 

Canadian Pacific 
Can Packers 
Con Tire A 
Cantor 
Cara 

CCL ind B 

aneplex 

Comtnco 

ConwestExpt 

DtnSon Min B 

Dickenson Mtn A 

□otosai 

CTyle* A 

Echo Bay Mines 
EauKy Sliver A 
FCA Inti 
Fea Ind A 
Flatoier Chall A 
FPI 


OoeePrev. 


Gentrn 045 047 

GaUCarp n» 916 

Gulf Cda Res 485 4J0 

Haas Inti I6*k M\6 

HemloGM Mines ISM 15W> 

Hoi Huger 14 13% 

20W 2DVS 
3JYz 
404. 41 

36W 3516 
3196 3266 
1996 2096 
22Vj 22V. 
2294 2294 
1196 1196 
64Vr 6416 
MW 2496 
Mark Res 9 9 

MacLean Hunter 12Vi in 
NlObanA 2»V6 2816 

Noma Ind A 7 7 

Noraadainc 26 26 

Naranda Forest 17W tt 
Moreen Energy 
Nttiern Telecom 
Nava Cara 
Os/wwa 
Pagurin A 
Placer Dome 
Paco Petroleum 
pwa Cara 

RQYTOCk 


EUXtOPCAN FUTURES 


aesa 


High Low prev. Close 


Food 


ifeiinmi Krnntiic too-tota at H ten 


Mar 

IM 

896 

901 

MS 

885 

888 

May 

913 

914 

921 

904 

«H 

9)0 

Jot 

927 

928 

933 

917 

921 

m 

lap 

940 

942 

947 

933 

93S 

936 


Est. 5alesiU. 


COFFEE (LCE) 

Ds4fgn per metric tap-Ms of S teas 


4 

Mar 

May 

jm 

SOP 

Nov 

Jan 


1,183 1.109 US 1.175 1,170 U04 
1.190 1,199 1.199 1,181 1,19S 1,194 


1.197 1,198 UH 1.W 1,199 1,200 
1.193 1,196 1,115 1.182 U96 L197 


am 


cem 


1.193 1.196 1,196 1,383 1,191 1,196 

1.193 1.196 1,191 Ut6 1,199 1,197 
1.105 MB N.T. N.T. 1,195 1.198 

EsL Sales ixa. 

High Law 
WHITS SUGAR tMattfl 
Pcttartprr metric ta w lots of Si tows 
Mar 2219X0 2B5XO 287X0 208X0 +2X0 

AMY 291140 387X0 289X0 20»5 + 23D 

AOB 294.19 292 00 293X0 294X0 + 1X0 

Od 204X0 20180 »3Jfl 284X0 +2X0 

DOC N.T. N.T. 281X0 283X0 + 1X0 

Mar 281X0 N.T. 282X0 284X0 + 1X0 

Est. sales 2X22. Prev. 527. Open bit. 12509. 


Metals 


Previous 
Bid Al 


Bid Ask 
aluminum (Hlab Grade} 

DoBen per metric too 
Seat nssjso 1T2JJ0 ilsojo liauo 


Forward 1146X0 1147X8 1147X0 1150X0 
COPPER " 


7X0 1747 JO 


__ a CATHODES (HU erode) 

DoHars par metric tan 
Spot 1735X0 1736X0 1749X0 179X0 

Forward 1754X0 1753X0 I7S7J 

LEAD 

Dollars per metric too 

Snot 458X0 459X0 463X0 

Forward 471X0 472X0 477X0 *7780 

NICKEL 

Donors par metric top 
Soot 5235X0 5345X0 5295X0 5305X0 

Forworn 5295X0 5300X0 5095X0 536XX0 

TIN 

Donors per metric ten 
~ ‘ 4795X0 <805X0 4770X0 4780X0 

. _ 4835X0 4840X0 4820X0 4030X0 

(Special Mob Grade) 
rs per metric tan 

977X0 978X0 981X0 989X0 

996X0 997X0 1 00780 1008X0 



Hnandal 


Low Close CtMeoa 


34HONTH STEP UNO (L1FFE3 
<500X00 - pts Of 10* PCI 


94J6 9471 9474 +0X3 

94X4 74X8 74X0 +OX2 

95X3 WJ6 Ml +<m 

95X3 94J6 74X9 +0X2 

7451 74X4 74X7 + 0X2 

9470 9483 9487 + 0X1 

94X8 9443 94X4 UtxSv 

DOC 7476 7474 9426 UndL 

mar 74.14 ‘MM 7410 —0X2 

Jon 9352 9352 9051 —0X3 

EsLvahimo: 47X32. Open Intarsst: 382X49. 
34HONTH EURODOLLARS (UFFE) 
STmllBan-ptsof mpet 


Jn 

Sop 


Mor 

96X9 

96X6 

96X0 

+001 


9516 

MX? 

ML 15 

•f CUM 


9500 

9580 

9504 

+0JM 

Dec 

N.T. 

NT. 

95X3 

+ 003 


•4* 

9525 

9529 

+ 0L05 


N.T. 

NT. 

9505 

+ 004 

Sep 

N.T. 

NT. 

9406 

+ 005 


Est. vafcmto: 990. Open Intamt: 8XM. 
3+HOMTH EUROMARK5 (UFFE) 

DM1 miflton - Pts Dt 180 pet 


EsL volume: 173X39. Open Merest: 771.170. 


LONG GILT (UFFE) 
L32ndS Of I 


SAM - pts A 32ndt at IN pet 
Mar 119-02 116-16 110-26 +042 

Jun H.T. N.T. 11046 + 042 

Est volume: 59874 Open totomsfr mm. 
GERMAN GOVERNMENT BUND (UFFE) 
DM 2SL0M - PtS Dt TOO PCt 
Ma 10053 10184 100X3 -0X1 

JM 180X3 101181 10078 — CJH 

Est. volume: 10X05. Open biterast: 141612. 


Industrials 


MM Lew Lett Settle 
GASOIL (IPE) 

US. domi i»r metric tm-Msuf IN I 
147 JO 14475 1467S 14675 


am 


Fen 


14)75 M5J0 1472 
14775 145X0 W3S 147X0 


14775 14130 14630 14650 
147X0 146X9 147X0 14730 
14030 148X0 146X0 140X0 
148X0 148X0 148X0 130X0 
N.T. N.T. N.T. 152XD 
753X0 153X0 19100 15430 
N.T. N.T. N.T. 157X0 
158X0 158X0 ISiXffi. 19675 
14030 160X0 MOXO 16090 
Est sales 17.119. Prev. sales 1*332, 
Open Interest] 1HB8 


jbT 

SM 

oa 


DOC 


tl IS 

+ 1X0 
+1X0 
+ L2S 
+ 173 
+ U0 
+ 1X0 
+ 1X0 
+ 075 
+8X0 
Unctk 


BRENT CRUDE OIL (IPE) 
UJS. denars pot barrel-lets of 


FeB 


.of UN barrels 

14X8 14X4 1436 1436+0* 

14J* 14.15 14^ 1431 — 

APT 1484 1433 7453 1490 — 0X3 

MOV 1472 1431 1472 1470 — 0X1 

JOB U93 1470 1450 14M — RM 

J«t 15X3 1453 15X3 .1*58 —0X5 

Aaa 1577 19.14 79ZT 15.14 —0X1 

SM M lW M 1535 -0.12 

Oct 15X0 1530 1930 1580 —0.17 

Eat. Sales 6S732 . -Prev. sales 78 l735. 

Open imerest WA606 


Stock Indexes 

FTSE maiFFW 
(25 per Index point 


Man Leer 

MOT 3435X 3372X 343U +J?X 

JM 3MIS 34{®jffl 3*353 +37-0 

SOP 3445X 344SX 34S4X ' +9X 

Est. vatome: 17X29. Opai interest: 66X11 


Sources; fitutas AMU Aasodafm/ Pm as 
London Inti Ptna acM Futures Excttanae, 

Inn Petroleum Exchange. 


Divide n d s 


Company 


Per Ami Pay Roc 
INCREASED 

Haka MlnufrmOT 8 A Ml 


REDUCED 

Ca n teit u i Energy G 30 2-15 1-21 


Marrtson Rest 


INITIAL 

Q X633 1-31 vi* 


USUAL 


Adobe SYS 
DkumstcPmdete 


O XS 2-70 +27 

O JW 2403 2-9 

JdrafEnferp • - Q . xe V2S 1-14 
HwHriraSvtngs . A4 KH . 7*17 

Southern Natl COrp O .17 2-1 1-14 

United Flnl Bnea Q JOVt 1-28 1-17 


a-i— uu u m-monlhlyj a-awsrterty; ssenri- 


Sourer; UPL 


Spat CommodHJma 


Commodity Today 

Aluminum, lb 0313 

Coffee, Braz* lb 0815 

Cooper elect rol ytic. 0i 0.9155 
Iran FOB. ton 213X0 

Laod. |h Bt> 

5JWw. fray or 122 

StaeU*rapl.ton TWO 

zinc lb 08754 


Prev. 

1313 
0615 
&949S 
213X0 
0X7 
572 
129 JO 
37457 
0872 


Ctrnla oHcrlafs of Mcurtdes. flnxacnl 
Krrka or ipta a u ta real estate p rt fl taed k 
tMs aeipspcr are era s oft er li ed la csiefe 
fa ri uB a hw la okkA Ike tnrr j ou iocfll HcaM 
Tribrae Is distributed, bdudng lbs United 
Slates of Aiacrica. tod de era eoastinu 
ofbtap of t flm hig. novices or j utai e su la 
these Jerisdkdoei. The haciuboasl BerakJ 
Tribooc xssusks do raponsfidU^ wktopcwr . 
fcrnay adwHliHMi fcroflatagicf spy UmL 


U A /AT THE CLOSE 


Holiday Retail Sales a Mixed Bag 

with souKcongwnics dcing wdlwliile others eked om pw* _ 

centered ibe titan ofiadnstiy, and Knait.COTi). a? 

by^Wng wardioiw^ st«5. Bui 

continued its comeback, scoring sales a saks gam ot l J^ !^ a n _ _ LntMr 

Salomon Brothers Inc's retail index, tbcmvcsmraa 

of sales performance, n&J * . P?®* 1 ? ^LST^cmffithe 

NovembaJn December 1992, the mdes rose 1A 

industiy's'first'g^Christmas m f^ ■ (Ar, Bloomherg) 

Hewlett to Buy 15% of Taligent 

MENLO PARK, CaHomia (Combined Hc^ot-Pb^ 

aid Co. said it had agreed to buy a 15 pono “SSriRar 
software venture between Apple Computer Inc and International Bua- 

ne Hew^pSSd^akl (hat under the j^feement it w^duse Ta b ge nfs 

on its flags© HP-UX opera tmgsy^.Ih 
open-systems technologies from Hewlett 

it were not available. ; ' 

mainly an eCFort.to prevent Microsixt 

Cap. from ra&« the market for computer pro^ams 

rirtf|.c as" it already does in personal-computer software. - (Ata. tvrij 

CM m Fnginp Venture With China ' 

DETROIT (Renlers) — General Motors Ctap. announced a $30 
million joint venture wilh the Chinese govarnnent Thursday to manittac- 
tnre and sdl automotive engine managemcm systems 
Total investment in the vmtnre, Beqmg Wan Yuan-GM Automotive 


products and tedmd. 
addition, Taligent will 
Fmanaal terms of the 
Founded in 1992, Ti 


phases, GM said XT. Battaobog, GM wee pnadeol, said the 
automaker would hold a 51 percent stake in the venture.. . - • 
Bcrang Wan Yuan Indnstry Corp, a China Aerospaor Corp. amt that 
m a Vre iniTTipiiing vghides for space satellites, wi i have 39 pe re m t * Bqj iiig 
Economic Technology Investment Development Corp, controlled by the 
B«jin£ numi dpal government, is to have a 10 percent stake. 


Hope Seen for Consuiner Electronics 



LAS VEGAS (UPI) — The consamer decArocus imtastiy vnfl see , nffi 
moderate growth of about 4.4 percent this year, to S4I.4MBaninsak^ a • J P** > 
track group forecast Thursday— The. indccsby’s growth, for 1993 w^_oJ 
pereenl, a ago that aftor two years, the U£ economy has ended its malaise. 

“The mood is upbeat because we have an. economic recovery,” said Jerry 
Kalov, rhoimrign of the Electronics Industries Associatim, at the opotiag 
of the Winter Consumer Electronics Show in Las Vegas- “The retaSkn that 
just had good Christmases are coming into the show eager to -buy * 

The trade group predicted that video products would post 3 percent 
growth tins year; after an 8J5 percent increawTast year. AncBo product, up 
53 percent last year, will maease by 4 penwit. this “year and home- 
mfcHmation products will match their 7 percent growth rate of last yean 


For the Record 

CaQonrfa Federal Bask plans to seB its 43 Florida brandies and its 

• 9 ■_ I J 4 4. A. Mflri mHUckte lliannltk pt/Vlt 


«m gfc Georgia branch and try to raise up to S300 milliwi through stock 
sales, refocusing an cons California and Nevada operations. (Af) 


Up** 

■ **-• •• ' 

: ■■■-■■ 

! 

I w* fr 

g3& . 

« . .- 

j 

bIl>- ■* ’ 

' _ - • • 

; 


DeflCdnputeCorp.’sciid technology officer, G. Glam Henry, joined 

MIPS Tedmologies as director of the PC dmrioo, MIPS an no u n ced 
Thursday. (Bloomberg) 

Metro-Gddwyn-Majo- lac. said Thursday thatit had created a divi- 
sion to develop and prodace axfimated tdcviskm and feature oroducts to 
broaden its base in the entertannnent mark et- . 


Via Aoobated Proa 


Hudson's Bav 

IflKBCO 

Inca 

intararav Piae 

jameefc 

Labatt 

LablawCo 

Mockencfe 

Magna Inti A 

Maritime 


Rogers B 

l-T.iie-i ■■■ rww 
ItUHHUWD 

Royal Bank Can 
Sceptra Res 
Seotfs Ho op 
Seagram 
Sears Can 

3»wtl Can 
SNerrttt Gorttoi 
SHLSYtfemlae 
Souttiam 
Scot Aerospaai 
Sfeico A 
TaUsmon Entry 
Tick B 

T Tw n Hcn Hews 
Toransa Damn 
Torstor B 
TrunsoUoUm 
TransCda Pm 
Triton Flnl A 
Trtoiac 
TrtoKA 
Unlcoro Energy 


17 I6M 
43 Va 431k 
916 9Vb 
21 21 Vk 
370 3W 
35fe 35W 
916 Wk 
173 1.11 
1* 16 
3816 3Sfe 
21 *k 22 

99V» TO! 
2676 29 

13V. 1246 
946 9VS 
1646 36 

9* 916 

371* 3746 
1146 114b 
9Vj 946 
17V6 1716 
1» 10*5 

9 9W 
30*i 30*5 
24*6 24*6 
16*6 1616 
27 Vj 21'k 
234. 2344 
Vne 15*6 
1946 1944 
365 360 
life 151* 
1X9 1X1 

0X5 as 




Zurich 


BBC Bn*n Bav B 1129 1107 


950 953 
NA. — 
4160 4170 
7225 1150 
2380 2300 
972 987 

938 937 
750 750 
445 441 

U1S 1298 


OboGetgvB 
CSHatdbmB 
Elektrow B 

Ftatfwr B 

inierdbcount B 
Jetorofl B _ 

Landis Gyr ft 
LeuHktB 
Moevwmtck B 
NesfleR ... 

OertR. Buehrte R139X0T38J0 
Pargesa Hid B 1490 1450 
Rocne HOC PC 6300 6365 
Sefra RanubOc 147 1X2 

SamsB _ 4330 43313 

Sctdnaler B 7S25 7900 

Sutler PC an MB 

Surveillance B _ 2150 2000 
Sarin BnkEaraB 483 481 
Swiss Retosur R NA — 
Swtualr R 7m 730 

UBS B _ 1382 13U 

Winterthur B 855 B60 

Zurlcn Ass B 7575 USD 


KSJ5SVi83f 


To Oar Readers 

The International Herald Tribune now 
quotes the Amstadam-European Options Ex- 
change index instead of the CBS tendency 
index, which was discontinued 

The AEX index tracks the 24 leading shares 
in Amsterdam, and wiD become the single 
barometer for stock trading in the Nether- 
lands, the Amsterdam Stock Exchange said. 


Season season 
Mtfi Law Open 

Hkpi 

Low 

One 

Ota OaJrt 


Grains 



j MEAT KK7T3 





5J3N bu rnMnnim- daeara gar bitaiH 




308ft 

100 MOT 94 307 

303ft 

306ft 


145 

300 May 94 163 

348 

383 

344ft +003 6*» 


206 Jul 94 344 

348ft 

3X4 

345ft + 002ft U0t7 



XCft 

345 

346ft +O03ft 1X78 


30* Dec 94 3X*ft 

155ft 

353ft 

154ft +D02U 1025 

027 




327ft + 000ft 4 

Eta. totes 16JBB Wed's, sclei 34,1*0 



Wtorsoaeninr 54JH3 up 1441 




WHEAT (KBOT) 





1 5000 bumirtmuro-dtaiOTS per biwid 




301ft 


302 

305M 

38* 


189 


349ft 

385ft 

147ft + 002ft 7214 




3X4 

244ft +O01W *.134 

1X9 


3X6ft 

3X4ft 

346 

+ 001ft 1X11 

XH 

3.12ft DecM 3X1 

3X1ft 

350ft 

3X1 

taoift 82) 

152ft 

3X2 Marts 




ESL Brite NA wed's, sate 

*036 




Wtorsaaenint 41275 off 9*5 




CORN 

(CBOT) 





5000 bu nrimmum- dailan pot taabd 




308ft 


30*ft 

304ft 

3MM+O03 149X94 

112 

228ft May 94 3.11ft 

314ft 

3Wft 

213ft +O03ft 81,173 

1111k 

2X1 JMS4 11316 

313 

31IM 

XDft +004 6SXS 

201ft 

2X0ft54P9* 201ft 

HW 

200ft 

201 

+ojnftiijM 

2J2 

ZJOftOecN 2J2 

372ft 

2J0ft 

371ft + 000ft 36311 

TJTft 

2X3HMOT95 2J7 

227ft 

17FA 

377 

+001 2014 

200ft 

276ft May *5 200 

200 

200 

200 

♦ 000ft W2 

200 

276ft Jul *5 100 

201 

300 

2J0ft 

+00) 323 

ZMYt 

2X7 OacVS 257ft 

2X7ft 

2X7ft 

2X7ft + 000ft 9 

EsLsries 87000 Wed's. setas 6U45 



l WeflMlta 346044 up 

sso 




SOTBEANS (CBOT) 





1 5000 bumkrimun-Mkn pot bushel 




7X6 

UlftJunM 7J1I 

7JO 

807ft 

697ft +OUOM4 7,m 

7X4 

50*ftMar94 7.M 

7.11 

706 

706ft *B0Oft SC070 

7X1 


7.15ft 

709ft 

709ft +OJOV. 34032 

7X0 

504ft JU *4 7. MV. 

7.18 

7.10 

7.10ft — 000ft 30516 

725 

628 Aug 9* 708ft 

70* 

702ft 

70Sft— 000ft 4083 

611ft 

617 Sep 94 600ft 

602 

6J7ft 

L77ft— 000ft 1055 

7 XTft 

5X5ftNov94 637 

648ft 

655ft 

AX5ft 

iun* 

A42ft 

610ft Jot 95 6X3 

663ft 

8X1 

642 

+ 800ft 735 

4X7 

6X2 Mar« 



6X7 

+001 229 

6X6 

642ft Jul 95 



645ft 

144 

8X0ft 

501 ft NOV 9S 631 

632ft 

620 

621 

3D 

Est-nrite 60000 WtaTs-sdes SU8* 



wetrsupnM 177098 up 

07 




SOYBEAN A4EAL (CBOl? 





100 tans- donors per ton 





23*X0 

1 84X0 Jan 94 30221 

2020 

30000 

moo 

-axe 7X88 

237X0 

IKJDMar-M 20220 

20240 

20000 

2000 

+030 3*2*9 

tp no 

MSXOMayW 20120 

30260 

TfflflO 

28820 

+630 14X55 

23QJKD 

TOJOJuas* 20*00 

20400 

20320 

20320 

+030 12JW 

22300 

1*3X0 Aup 94 203X0 

20400 

202X0 

202X0 

+020 sxn 

71000 

mX0S*p9* 20220 


2SU0 

20120 

+040 223) 

20100 

19400 Oct 9* 200X0 

200X0 

»*«J0 

T99X0 

*0l50 1266 

20*00 

440 Dec 94 1*900 

20000 

mxo 

198JB 

+020 2217 

20000 

19400 Jan *3 



1*670 

+020 85 

EsLtates 19000 Wecrvra,.-. |i,M7 



WwficpenW 8JX23 off W 




| SDYBCJINCML lawn 





60000 BK- (Mm POT mo ■>£. 





2900 

20J0Jon94 27X3 

3*43 

29X0 

2»X3 

+032 8X62 

292* 

21. 13 Mar 94 27XS 

2*40 

2920 

2*21 

+613 47X0 

2923 

21 JO May 54 2*03 

2*20 

2804 

28X4 

+6X18,138 

2800 

2IX5JUIM TOM 

2370 

2844 

28X8 

+0.17 12X31 

2B25 

2145Ajuq«4 2705 

2313 

2745 

2727 

*607 4X17 

27X0 

22X0 Sep 94 27.M 

2721 

2700 

2700 

—022 37*4 

26X5 

22.100094 2405 

2620 

3600 

2603 

—002 2.M7 

2300 

0X0DKW 2543 

23J8) 

25X0 

23X3 

—005 3000 

25X5 

2245 Jen 93 



2320 

—005 141 

£ stsofts 11X00 IMoTl sate* 17JO 



Wed'S Open W 9*270 up *13 





Livestock 



| cattub loan 





40000 bL- cents pot to. 





r*x> 

7690 F«b 94 7205 

7X47 

7127 

7120 

+0JJ 3*038 

ms 

7120 Apr . 4 7523 

fluo 

7305 

7507 

. +0X5WX71 

7427 

71 25 Jun 94 7307 

74X0 

7107 

7*57 

♦ 055 15X94 

7325 

7020 AuP 94 7205 

7340 

72X0 

73X5 

+0X0 8X98 

7325 

7107 Ota M 7205 

TXB 

7390 

7352 

+662 4028 

7X90 

722504094 7300 

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INTERNATIONAL HERALD TRIBUNE, FRIDAY, JANUARY 7, 1994 


Page 13 

EUROPE 


A Tough Year, 
But Airbus Sales 
Up 14% Anyway 


Banesto: Now Come the Questions 

Many Say Problems Could Have Been Found Earlier 






Bloomberg Business Newt 

TOULOUSE, France — Airbus 
Industrie, the European dvfl air* 
craft maker, said its sales rose 14 
percent, to $83 billion, last year 
even as a wave of cancellations hit 
its order boot 

_ In its review of the 1993 commer- 
cial aircraft market, which Airbus 
called “one of the most difficult on 
record,” the company said it had 
booked orders for 38 aircraft, val- 
ued at $33 billion. Airbus had said 
previously that it suffered 56 can- 
cellations during the year. 

Airbus Industrie is a partnership 
among Aerospatiale of France, 
Daimler-Benz AG’s Deutsche 
Aerospace AG unit, British Aero- 
space PLC and Construcdoncs 
Aeronauticas SA of Spain. 

The company delivered 138 
planes in 1993, including 20 in De- 
cember, its best month. 

Airbus said demand began to in- 
crease toward the end of last year, 
but it did not predict a real recov- 
ery from 1993’s “severely de- 
pressed” market. 

Boeing Co. and McDonnell 
Douglas Coip„ the two other maj co- 
makers of large commercial aircraft. 


also suffered reduced, canceled and 
deferred orders. Airlines sought to 
cut their fmandal obligations after 
three years of massive losses, by 
delaying the purchase of new planes. 

Airbus said the weak market did 
not prevent its having one of the 
most active years ever in launching 
planes. 

In March 1993, Airbus’s new 
four-engine wkkbody A-340 began 
service, and in late December the 
manufacturer delivered the lint 
twin-jet widebody A-33Q to Air In- 
ter, the French domestic airline. 

Airbus also offered the single- 
aisle, 1 24-seai A-319, a small version 
of its A-320, and Air Inter said 
Thursday that it had placed an order 
for nine A-319& for delivery between 
July 1996 and mid- 1997. It has tak- 
en options to buy nine other craft. 

The aircraft maker said nearly 
two-thirds of the 38 orders it had 
booked last year were for the ex- 
pensive widebody craft, a greater 
proportion than in previous years. 

The new four-engine widebody 
A-340 did particularly well, with IS 
orders placed by Virgin Atlantic 
Airways, Air Mauritius and C hina 
Aviation Supplies Corp„ 


By Jacques Neher 

traemmwnat Herald Tribute 

PARIS —A week after the Bank of Spain 
seized control of Banco Espaflol de Cridito 
and sacked its management to try to head off 
a nm on deposits, financial specialists a re 
asking why the central bank die not discover 
or act on Banes to's problems much earlier. 

More thorough inspections, they say, 
would have given investors a more accurate 
view of Banesto before they agreed to partita* . 
pate in a 93 billion peseta (S6453 million} 
rights issue last summer — buying stock that 
now may be worth little or nothing. 

While much of the attention in the case has 
been focused on J.P. Morgan & Co, the 
American investment house that led the 
rights issue, and Price Waterhouse & Co, the 
bank’s auditor, analysis say Spain's central 
bank and stock-market regulators may have 
misled investors when they approved the pro- 
spectus for the rights issue. 

They also criticize regulators Tor not notic- 
ing or not disclosing that Banesto had pur- 
chased nearly 30 percent of its own stock. 
Spanish banks are not pennilled to own more 
than 5 percent of their own shares. 

Banesto, Spain’s fourth-largest bank in 
terms of deposits, was taken over by the 
central bank Dec. 28, with authorities saying 
its balance sheet had deteriorated since last 
summer and that it needed at least 500 billion 
pesetas to get on a sound fmandal footing 

Officials of the central bank could not be 
reached Thursday for further comment be- 
cause of a holiday in Spain. 


Critics of Spain's handling of the case 
acknowledge that the bank’s Finances could 
have worsened since summer, but they also 
say many of Banesto's problems existed long 
before the stock flotation and should have 

been detected by a hank e xamin er's audit 

earlier in 1993. The positive results of that 
audit were often cited by Banesto in presenta- 
tions it made before the rights issue. 

“The prospectus approved by the Bank of 

Hie prospectus 
indicated the bank’s net 
worth was 400 billion 
pesetas; now we’re told it’s 
zero or less.’ 

Keith Baird, onafygt, Kleinwort 
Benson Securities 


400 billion pesetas, but now we re told it s 
zero or less.*’ said Keith Baird, analyst with 
Kleinwort Benson Securities. “How could 
assets have been so overvalued? What on 
earth is going " cm?” 

Another London analyst, a former bank 
auditor, said the central bank had erred in Lbe 
audit by looking only at Banesto's large 
loans, made mostly to blue-chip customers. 

“Common sense would have told you that 
different types of loans have different rates of 


nonperformance,” he said. “The big Question 
is why the examiners rally looked at tne larjte 
loans without doing even a sampling of the 
smaller loans.” 

Such a sampling he said, would have 
shown. that the smaller loans were of much 
poorer quality and would require substantial 
additional provisions against losses. 

The central bank apparently relied .on 
Price Waterhouse's auditors’ assessment of 
the smaller loans until last autumn, when its 
examiners conducted a more thorough audit 

“There’s a prima-fade case to ask why the 
loan portfolio overvaluation wasn't picked up 
by either the Bank of Spain or Price Water- 
house,” he said. “There’s a lot of people 
caught with their trousers down." 

Mr. Baird of Kleinwort Benson also ques- 
tioned the central bank’s tardiness in replac- . 
mg, Mario Conde and his management tam 
omy last weds. 

“If Conde wasn't fit, why has he been 
allowed to be president for the past five 
years?” he asked. 

Mr. Conde, who has made no statement 
since his ouster, is expected hold a news 
conference next week to give his side of the 
story. An interim management has been put 
in place by the central bank and charged with 
reordering Banesto's finances. 

Meanwhile, investors, faced with the possi- 
bility of their holdings in Banesto oeing 
.wiped out in an eventual recapitalization, are 
expected to sue for damages as soon as they 
can identify those at fault 


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Soirees: Reuters, AFP 


tateruotiOBal Herald Tribune 


IMF: Officials and Economists Are Split Over Strategy for Russian Aid BUNDESBANK: Takes Blame 


Very briefly: 

• Bayerbcfce Motoren Woke AG’s sales in the United States shot up 17.6 
percent last year to 77301 vehicles, the best showing of any European 
carmaker in that market 

■ Nestife SA said the Polish government has approved its acquisition for 
$43 milli on of a 47 percent stake in GofAma, a chocolate a nd can dy 
producer in Poznan, with an option to increase its stake to 51 percent 

■ Act Manta, the state-backed company that runs the Irish Republic's 
man airports, said it has won the contract to provide duty-free shopping 


Continued from Page 1 
Group of Seven leading industrial- 
ized nations. 

Since last spring the IMF has 
released only $13 billion or a S3 
billion special loan program in- 
tended to help Russia make the 
transition to a market economy. 

up becat^'of Moscow’sfaJ^ to 
cut Russia’s inflation rate and car- 
ry out some promised economic 
reforms. 

The behind-the-scenes struggle 
has developed since last month, 
when Vice President A1 Gore ac- 
. cused the IMF of being too strict in 
its conditions for loans to Russia. 

The debate pits the critics 
. against the management of the 
IMF, which will send a delegation 
'to Moscow about a week after Mr. 
Clinton's visit. At stake initially 
wiO be the second $13 billion 
tranche of the special loans and. 
later, as much as S4.1 billion of 
badly needed standby credits and 
S6 billion of potential currency- 
stabilization loans. 

Mr. Corrigan, the former New 


York Fed president whom Mr. 
Clinton named last year to chair 
the Russian- American Enterprise 
Fund, a bilateral investment pro- 
gram, has views similar to those of 
Mr. Gore about the IMF's han- 
dling of loans for Russia. He 
warned in an interview that the 
IMF had been placing “too much 
a mhuis On the traditional macro- 
economic policy process.” 

Mr. Corrigan said Russia faced 
“the danger of a major setback if 
more effective and timely rid is not 
forthcoming” He said the IMF 
should express its economic targets 
for Russia in broader ranges and 
“build in an element of flexibility.” 

Jeffrey D. Sachs, the outspoken 
Harvard professor who is an eco- 
nomic adviser to the Russian gov- 
ernment went even further, saying 
the IMF had “faded miserably” be- 
cause it was “an inte rnati onal bu- 
reaucracy that is very narrowly fo- 
cused.” 

Mr. Sachs suggested that instead 
of asking the IMF to handle large 
loan programs for Russia, “the 
Group erf Seven and President 


Clinton riiould admit they have 
done this wrong and work out new 
rid at a political level" 

An influential senior European 
central bank official, however, ar- 
gued against presang the IMF to 
deviate from the way it judges Rus- 
sia's loan eligibility. 

“Governments want to use the 
IMF because they don't want to 
give more bilateral money them- 
selves” the official said. “Let the 
governments shell out funds if they 
consider it politically urgent." 

The White House has made it 
clear that Mr. Clinton is not likely 
to bring fresh U.S. rid offers to 
Moscow. This is partly because of 
congressional resistance to going 
beyond the already approved S23 
billion of UR. rid and the $1.6 
billion of food and other credits 
promised at last year’s Qinton- 
Ydtsin summi t meeting in Vancou- 
ver, Canada. 

This week, in an unusual move 
that underscored its sensitivity to 
the criticism, the IMF and the 
World Bank made av ailable a five- 
page memo defending themselves. 


Michel Camdessus, the IMF's 
managing director, added that the 
organization had encouraged Rus- 
sia “to take bold steps” to create a 
more effective social safety net, and 
be said it would intensify those 
efforts. 

Reflecting the IMFs institution- 
al mandate, Mr. Camdessus con- 
tended that it was necessary to help 
Russia take credible steps toward 
solving macroeconomic problems, 
stabilizing prices and slopping cap- 
ital flight. 

At the heart of the dispute is the 

S ' ‘on of whether the IMF 
soften conditions for fresh 
loans to Russia. Last year, Moscow 
failed to receive more loans when it 
missed targets for reducing infla- 
tion and its budget deficits. 

The monthly inflation rate fell 
from a peak of 26 percent in Au- 
gust to about 12 percent in Decem- 
ber, but this was still above the 
target of single-digit inflation. Rus- 
sia’s budget deficit as a proportion 
of its gross domestic product was 
supposed to decline to 5 percent by 
the end of 1993. 


Ctatinued from Page 1 

in their populism and incapable of 
making unconventional decisions,” 
he said at a party congress in Stutt- 
gart. 

The critical report coincided 
with a derision by the Bundes- 
bank’s policy-setting Central Bank 
Council on Thursday to leave the 
benchmark discount rate un- 
changed, at 5.75 percent. The 
Bundesbank also said it would 
keep its most important market 
rate unchanged, at 6.0 percent, at 
least until Jan. 19, n day before its 
next policy session. 

Heiner Flassbeck, the senior in- 
stitute economist who presented 
the report, said the Bundesbank 
had kept German interest rates too 
high for too long. “Economic con- 
ditions in Germany are extremely 
precarious,” he said, adding that 
the role of monetary policy m the 
malaise had been underestimated. 

The government and sane inde- 
pendent economists have predicted 
that the German economy will ex- 
pand as much as 13 percent this 


year after having contracted 13 
percent last year. 

But the institute, in unusually 
clear language, said the chances the 
economy would get worse were 
“greater than the chances it will get 
better." 

Mr. Tietmeyer waved aside the 
criticism. “The Bundesbank is only 
responsible for G erman monetary 
policy,” he said. Although the law 
obligates the centra] bank to advise 
tiie federal government on other 
issues such as deficit spending and 
taxation, “the decision is up to 
them.” he said. 

He added that the government 
appeared to be doing everything it 
could to exercise fiscal responsibil- 
ity despite the difficulty of cutting 
budgets in an election year. 

■ Belgium Gits Key Rale 

Belgium’s central bank cut its 
key central interest rate for money- 


free facilities in Moscow, St Petersburg, on the Finnish- Russian border, 
in Karachi and in Bahrain. 

» Belgium'S gross domestic product increased 0.4 percent in the third 
quarter of' 1993 from second quarter, the second quarter in a row of 
growth. The central bank also revised its figure for growth in the second 
quarter to 1.1 percent from a previous estimate of 0.7 percent. 

• France's finan ce minis ter, Edmond Alphand&ry, said that core share- 
holders will hold 10 percent of the capital of Elf Aquitaine after its 
privatization. He said that bids would be sought from core shareholders 
for 83 percent of its shares, while the remaining 1 5 percent would be held 
by Union des Assurances de Pais. AFP. AFX. AP. Bloomberg 


Dixons Tumbles Into Loss 


pant Thursday, to 7.10 percent. 
The Associated Press reported 
from Brussels. 


AFP-Extd New 

LONDON — Dixons Group 
PLC announced a pretax loss 
Thursday of £196.7 minion ($292.8 
mffljon) fa the half year ending 
Nov. 13, sending the electronics 
retailer's stock sharply lower. 

The company had posted a profit 
of £14 million a year ago. Its stock 
fell 43 pence, or 153 percent, to 
240 pence, in London trading. 

Dixons said its operating profit 
fa the full year, weakened by stag- 
nant sales at Christmas, would be 


sharply lower than in the previous 
year. 

It said that the profit fall in the 
six-mouth reporting period was 
largely caused by a Toss of £2103 
million linked to the sale of the Silo 
Holdings Inc. chain in the United 
States. Operating profit had risen 
by 3 perce n t, to £19.4 million, in 
the period. 

Sales of television sets, videoca- 
sette players and audtio systems 
rose but sales of video cameras and 
computer games felL . 


NASDAQ 

Thursday’s Pitcss 

NASDAQ prices as of 4 p.m. New York time. 
This list compiled by the AP. consists of the 1 .OOO 
most traded securities In terms of dollar value. It Is 
updated twice a year. 


BlWdnm^ . Sta I 13 Month __ • Sb [ UMontti Sh I UMonft a» I 12 Month » 

mnh low amt ot» vw pe in hm> mwitfwfort* I tighLgy aoc* ow vmpeimi High utwumtch-gt kwium aw* otv yw re nos ran LowLnhatar'oa huilo* a«* ow vm pe urn hmi umruawtoi*** h» low stock w wpehk m cowLMesKJrw- 





























INTERNATIONAL HERALD TRIBUNE, FRIDAY, JANUARY 7, 1994 


1 Mill McfrVlB 


caFs stake before the transaction 
wasn't disclosed. • 

Bn Shan had foreign-exchange 
earnings of more than $40 xmOioa 
on trading volume of SI0O million. 


its stoke w 56.67 patent hi Shang- 
hai Jin Dong Petrochemical Devel- 
opment Co, which is involved in 
industrial development in the Pu- 
dtmgarea,- 

Toe projects "will introdnee tech- 
nology for making carbon dioxide 

andotherga ^pL^ ^|oly^r 

the company said. 

Shanghai Petrochemical is Ga- 
m's largest petrochemical compa- 


ny and ninth-largest industrial 
company based on 1992 sales. The 
increased investments are expected 
to. strengthen the company's pro- 
daction and distribution capabili- 
ties, Shanghai Petrochemical sad. 

Shang hai Petrochemical also 
said it has framed a new company, 
Shanghai JinHua industrial Devel- 
opment Co, winch wQl own fuel 
service stations' and trade petro- 
chemical products. 











































































** 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, JANUARY 7, 1994 


Page 15 




asia/pacific 


China’s New Tax 
Alarms Foreign 
Properly Firms 


Reuters 

HONG KONG — Foreign real 
estate developers in C hina face tax 
bflJa of as much as 90 percent of 
their profits on deals as a result of 
Beijing’s new tax system, tax and 
real estate consultants in Hong 
Kong said Thursday. 

Accountants in the British colo- 
ny said the changes made by China 
at thestartof 1994 might have been 
a deliberate attempt to damp down 
on property speculation, which has 
been one of the reasons China's 
inflation is running at more than 20 
percent a year. 


Asahi and Itochu 
Purchase Control 
Of China Brewer 

Agenoe Franat-Pra le 
TOKYO — Asahi Breweries Ltd 
and Itochu Corp. announced Thurs- 
day the acquisition of a 75 permit 
stake in a Hong Kong company and 
plans to invest S35 millio n in 'three 
of its breweries in C hinn 
The companies said they bought 
the controlling stake in CS1 Brewery 
Ltd^ previously a whoOy owned unit 
of China Strategic Investment Ltd. 
for an undisclosed sum. News re- 
ports put the figure at $20 million. 

China Strategic, a Hong Kong- 
listed company whose major share- 
holders are Indonesia’s Sanion En- 
terprises. Singapore businessman 
Oei Hong Leong and Hong Kong 
tycoon Li Ka-Shing, originally ran 
the British colony's Ruby restau- 
rant chain and now has dozens of 
property and manufacturing in- 
vestments in China. 

The acquisition, amounting to 45 
percent for Asahi and 30 percent 
for Itochu, gives them management 
rights over two breweries in Zhe- 
jiang province. 


Developers in Hong Kong, 
alarmed by the new system, plan to 
visit Beijing to seek concessions. 

China's real estate market surged 
last year as the country’s economy 
grew by 13 percent. 

Hong Kong developers and oth- 
ers were quick to snap up prime sites 
in the country's booming coastal 
provinces, and Hong Kong-tosed 
companies are the biggest foreign 
investors in Chinese real estate. 

Formerly, developers selling 
land in China paid a 5 percent sales 
tax and a 33 percent company tax. 

But under the new rides, net 
profits would first be subject to a 
graduated “real gains tax” of 30 
percent to 60 percent, with the two 
previously existing taxes imposed 
on top oi that. 

H. K. Yue. a specialist on Chi- 
nese taxation at the accounting 
firm Price Waterhouse & Co., said: 
The big question is whether this 
tax is deductible for income-tax 
purposes. If not, then the total tax 
rates could amount to something 
like 93 percent" 

Cheng Yu-tung, c hairman of 
New World Development Co., was 
quoted in the Hong Kong Econom- 
ic Journal as saying the new tax 
would hurt investment in China. 

Some analysts, however, pointed 
out that real ’estate speculation was 
one of Deputy Prime Minister Zhu 
Rongji's targets in an austerity drive 
that was launched last summer but 
appears to have faded out lately. 

"Maybe Zhu Rongji wants to put 
the brakes on China's economy at 
this stage, especially property de- 
velopment,” said Marshall Byres, 
chairman of tax services for the 
accountants Ernst & Young in 
Hong Kong. 

He said representatives of Ernst 
& Young and of 14 major Hong 
Kong real estate developers would 
be among these visiting Beijing for 
talks on the new regulations. 


Southeast Asian Stocks Defy Gravity 


Bloomberg Biamas Hem 

TOKYO — An explosion in stock-market 
prices across Southeast Asia has forced inves- 
tors to reconsider traditional definitions of 
cheap and expensive 

With key indexes last year rising from 59 
percent in Singapore to 152 percent in the 
Philippines, historical valuations of stocks 
have gone out the window. Price-to-earnings 
ratios have soared as stocks have risen faster 
than corporate earnings can keep pace. 

“Some sectors are at absurd levels based on 
historical level of earnings," said Hans Black, 
chief executive officer of Interinvest Corp^ the 
North American unit of FLB. Investment & 
Frnanz AG of Zurich. 

On Thursday, concern that prices have 
gone out of whack hit the Hong Kong stock 
market, where the Hang Seng index of 33 top 
issues plunged 793.43 points, or 6.52 percent, 
to 1 1,374-50. The carnage marked the Hang ' 
Sag's second-biggest pant decline ever. 

“The market is very risky for foreign inves- 
tors because you just don't know bow much 
more cash is going to keep coming into the 
market." said Scott Huang, an investment 
strategist with Fidelity Investments (Taiwan) 
Ltd. Fidelity manages the Taiwan Fund, which 
is listed on the New York Stock Exchange. 

The effect of a flood of new mutual fund 
money in Southeast Asian markets worries 
some analysts, who say prices have risen into 
speculative territory that cannot be justified by 
the underlying strength of the companies, even 
given the region’s dynamic growth prospects. 

Mr. Huang estimates that Taiwanese 
stocks are now trading about 40 times pro- 
jected 1994 earnings, compared with 38.5 for 
the Dow Jones industrial average and 23 for 


the broader Standard & Poor's index of 500 
UJS. stocks. 

The plunge in Hong Kong illustrated the 
worry that a rally based primarily on new 
money will not last 

“The market is entirely liquidity-driven 
right now and there is less and less value to be 
found, especially among the property 
stocks," said Ravi Naram, research director 
at Peregrine Brokerage. 

The average price-to-earnings ratio for the 
33 shares in the Hang Seng index of top issues 

'The market is very 
risky for foreign investors 
because yon just don't 
know how much more 
cash is going to keep 
coming in.’ 

Seotl Hoang, Fidelity 
Investments (Taiwan). 


has risen to 20.3 tunes forecast 1993 ear nm p 
from about 12.5 times a year ago, according 
to John Mulcahy, managing director at UBS 
Securities Hong Kong. 

The price-to-earnings ratio of the Hong 
Kong market has not been as high as this 
since just before the October 1987 collapse, 
which sent prices tumbling in the territory 
and in other major markets. 

The main difference between then and 


now," Mr. Mulcahy said, “is that in the latter 
stages of the 1987-runup a lot of the action 
was in the real dross among the smaller com- 
pany stocks, while this is currently very much 
a blue-drip maikeL” 

He said be expected the index to rise to the 
)4,000-to-14w50Q range, about IS percent 
more, before it suffers a major retreat, possi- 
bly of 2.000 points. 

“We will have to reach around 20 times 
expected 1994 earnings before tbe jitters set 
in, be said. Currently the index companies 
are on about an average 17.5 times, he said. 

Southeast Asian economies —and the com- 
panies within them — hold tremendous poten- 
tial res' growth. Even without China, real eco- 
nomic growth in the region is expected to rise 
6J percent in 1994. according to Nomura 
Research Institute. That co mpar es with just 
1.1 percent real growth forecast for industrial- 
ized countries by die Organization for Eco- 
nomic Cooperation and Development. 

The prospects for China make die picture 
even more attractive. Whh economic growth 
of 12 percent to 13 percent forecast for 1994, 
China is quickly becoming seen as a reason 
for investing in the region, rather than a risk. 

"China as a whole is pulling the entire 
region along at a good clip,” said Brian Seche, 
director of investments at Kenneth J. Gcr- 
bmo & Gx, a manager of $80 mil Hon in 
assets, including $15 million invested outride 
the U.S. Twelve percent g r owt h in China 
can poll other countries along.” 

But even where China isn't much of a 
factor, strong earnings growth could, make 
today’s stock values look cheap, some region- 
al analysts said. 


Foreign Investment in India Markets Poised to Grow 


Agave Fnmtx-Preae 

BOMBAY — Foreign investment in Indi- 
an bourses is set to doable, to $4 trillion, this 
year following the entry of foreign investors 
and a growing interest abroad in its buoyant 
capital markets, analysts said Thursday. 

Foreign investors were allowed into India's 
sheltered bourses in September 1992, and 
overseas brokerage bouses were only recently 
permitted to conduct correspondent business 
for foreign clients. 

Global public issues of blue-chip Indian 
companies last year also fetched a better 
response than expected, according to brokers 


on the Bombay Stock Exchange, India’s prin- 
cipal bonne. 

"Everybody is bullish on India," said Pra- 
vin Shah of Smith Newcourt, a global invest- 
ment firm. The market will be generally 
good with only some minor hiccups expected 
after the budget and if the monsoon fails.” 
The agriculture sector’s fortunes depend on 
adequate rains during the monsoon season. 

The capital inflow could rise by $1 trillion 
if New Delhi allowed companies floating new 
issues to place shares privately with the for- 
eign institutional investors, Mr. Shah said. 

The fund manag er said that, worldwide, 


there was an inflow of money from Fixed- 
interest instruments such as bonds into equi- 
ties because of low interest rates. "India will 
get part of the overflow," be added. 

At least $4 Mllion wOl be invested in Indian 
markets by European, Japanese and Ameri- 
can enmpaniaa, predicted Ajit Dayal of Jar- 
dine Fleming India Securities. 

Navinder Sahni of Mar Bn Partners U.K. 
said foreign investment would shift from the 
overpriced Australasian nwifan to India. 

“The inflow in 1994 will easily surpass that 
of last year," Mr. Sahm said. 




Investor's Asia 


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Sources: Reuters, AFP 


Intcoutknal Herald l'r 


Very briefly: 


• STAR Television Ltd. confirmed a published report that Gary Dave/ 
would succeed Am Griffiths as chief executive. The satellite broadc.tr: •: 
akn said its audience in Aria had risen to around 20 million housef a ij, 
late Iasi year from 1 1.2 million in February, despite restrictions imp-. 

by China on private ownership of satellite dishes. 

• Japan set up an emergency task force to cope with rising unenpF - 
rnwit- Its jobless rate of 2JJ percent, while one of the lowest in the «v::o. 
is the highest level Japan has seen in almo st six years. 

• Mitsubishi Dectric Corp.’s credit rating was lowered by MooC..'-- 
Investors Service: the move, which also applied to financing units • i 
Britain and the United States, affected $1.1 bfllion of long-term deb:. 

• Japan's television imports surged 924 percent in November, fn 
47L000 units a year earlier, an industry group said the figure ir-v 
Japan for the first time would be a net importer of television sets frr ti:s 
full year, as production has shifted to countries with lower costs. 

• Dbefs first stock-trading center will open in mid-January in LL_ 
Xinhua news agency said, and win he linked by satellite to China's &• :■«.< 
exchanges in Shenzhen and Shanghai. 

• Tamm’s trade surplus last year narrowed 16.8 percent, to a nine-) ; 
low of $7.87 billion, as a result of the global eco n o mi c slowdown and ,;n 
import boom, the Finance Ministry said. 

• Vietnam will display productsfrom more than 100 American companies 

at an exhibition in ApnL Viemamerka Expo-94, the trade union newspa- 
per Tjq Dong said. ' " Bloomberg, AFP, AP. Rmtz-s 


Seoul Opens Its Doors 


Compiled by Otar Staff From Dispatches 

SEOUL — President Kim 
Young Sam, hailing South Ko- 
rea's first annual trade surplus 
in four years, said Thursday 
that South Korea would slash 
red tape, shed in efficient state 
companies and try to stabilizer 
Wages in 1994 to strengthen the 
country's competitiveness. 

Mr. Kim put priority on a 
drive to strengthen the business 
climate following the conclu- 
sion of the Uruguay Round of 
world trade talks. “Our doors 
will be opened wider to the in- 
troduction of foreign funds, in- 


cluding commercial loans, espe- 
cially into the development of 
infrastructure." he said. 

Mr. Kim said preliminary es- 
timates pointed to a $2 billion 
trade surplus and a $200 million 
current-account surplus in 1993., 

The trade ministry reported’ 
this week a customs-cleared 
trade deficit of SI. 36 billion in 
1993 but officials said this was 
because insurance and freight 
costs were added to imports. 
The trade surplus of S2 billion, 
after stripping such costs, com- 
pares with a deficit of $22 bil- 
lion in 1992 {AFP, Reuters) 


Jakarta Budget Cuts Oil Bole 


Agence France- Presse 

JAKARTA — President Suharto 
on Thursday unveiled a draft bud- 
get for 1994-95 that increases 
spending by more than 9 percent in 
dollar terms but envisions a re- 
duced role for the energy industry. 

Mr. Suharto, presenting the bud- 
get to parliament, said it balanced 
revenue and spending at 69.749 tril- 
lion rupiah ($33.02 billion). 

Sectors other than oil and gas are 
expected to account for a bigger 
share of the increase than the ener- 

S i sector in the year beginning in 
pril Those sectors are projected 
to contribute 46,885 billion rupiah, 
an increase of 26.9 percent. 

Oil and gas were expected to 
contribute 12851 bfllion rupiah, 
which would be 1 8.4 percent of the 
national income, compared with 28 


percent in the current fiscal year. 

"We can no linger rely on reve- 
nues from oil and gas,” Mr. Su- 
harto said. But although depen- 
dence on energy exports would be 
reduced, Indonesia — which is a 
member of the Organization of Pe- 
troleum Exporting Countries — 
would continue to receive a major 
portion of its revenue and foreign- 
exchange earnings from oil over the 
next five years, he said. 

Mr. Suharto said the 1994-95 
budget figures assumed an average 
oil price of $16 a barrel compared 
with $17 in the current budgeL 
Market prices recently, however, 
have been $14 to $15. 


For wirestment information 

Read THE MONEY REPORT 
every Saturday in #ie W 



AMEX 

Thursday’s Closing 

Tables include the nationwide prices up to 
the closing on Wall Street and do not reflect 
late trades elsewhere. Via The Associated Press 


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Page 16 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, JANUARY 7, 1994 


SPORTS 


i 


Hostetler’s Next Task: Lead Raiders Past Broncos (Again) 


♦ [D 




It-tl 


M 


By Tom Friend 

New York Times Service 

LOS ANGELES — Jeff Hostetler has been 
more stun tman than quarterback. He has fixed flat 
tires, fixed a flat Los Angeles Raiders offense and 
has done so with screws loose in both knees, 

“Hopefully, I won't make any trips to the side- 
lines this week," Hostetler said. 

On Sunday against Denver, he will start his first 
playoff game since the 1991 Super Bowl — “Seems 
like I was a Giant a million years ago," Hostetler 
said — and be has what an amateur doc lot would 
call a body sprain, it is his own fault for loitering 
so long in the pocket, but, on the other hand, it 
takes tune for Tun Brown, the wide receiver who is 
headed for the Pro Bowl, to evade triple coverage. 

“Maybe he should throw to someone else,” 
Brown said. 


If anything, it proves A] Davis and Ray Hand- 
ley are on the same wavelength: They both be- 


lieved in Hostetler. Handley's replacement in New 
York. Dan Reeves, chose Phil Simms over Hos- 


tetler. but Davis, the Raider owner, picked Hos- 
tetler last winter over Bobby Hebert, fun Har- 
hau gh. Don Majkowski and Boomer Esiason. The 
normally frugal Davis then signed him to a three- 
year, 57.6 million contract. 

“Jeff’s earned every cent,” defensive tackle 
Howie Long said. 

For Hostetler, it is border to name what doesn't 
hurt He has injured both knees, kepi aggravating 
a sprained right ankle, jammed his throwing shoul- 
der, bruised his ribs, absorbed a concussion in a 
Green Bay chill — and missed only one game. 

“This guy has taken hits a normal man wouldn’t 
be able to get off the ground from.” said the 
Raiders coach. An Shell. “You wouldn't be able 
to." 

They should have known from his first hour on 
the job. The offense coach, Mike White, and a 
team intern drove him to get a physical and their 
car had a flat tire on the freeway. 


freeway, and Jeff jumps out of the car and basically 
changes the tire. He had some skill there, too." 

The first people Hostetler ran into at training 
camp were Raider defensive linemen, who, by 


iff 1 ’ 1 


u< 


he set tbe Raider record for most yards thrown in a with other offensive Imraj^a^fo^wmga . - I _ 

game (424 against San Diego in October). Then, December "clover StS WUli Y1C 

when Greg Robinson, the starting halfback, went spired to steal Hostetler's clothes from his locker. |||| ^ KITIS 


instinct, are skeptical of quarterbacks. 

“1 mean, it's the first day.” said Greg Townsend, 


down four games ago with a knee injury, he became When Hostetler returned from his post-game 


“The kid driving didn't know what he was do- 
ing." White said “We’re in the middle of the 405 


a defensive end. "Several of us were lifting weights, 
and Hostetler actually joined in. He didn't know 
anybody, and he lifted with us. First day! You 
raise vour eyebrows.” 

Eventually, the defensive linemen sent him 
where he belonged — to tbe offense. The previous 
Raider quarterbacks had been Todd Marinovich, 
who surfed nude, and the erratic Jay Schroedcr. 
Neither had been overly popular. 

Hosteller, as a result, had to blend in. and the 
linemen adored him as soon as he brought a deck 
of cards to the locker room. 

"He wasn't a typical quarterback, with a big ego 
or aloof," said Steve Wisniewski, a Pro Bowl 
guard. 

Hostetler contributed on and off the Odd. First, 


their, leading active rusher (202 yarns and five shown- he had nothing to wear, and only one 
touchdowns on 55 scrambles). And then be set the teammate was still in the room. 


"»*** “55 liffS “ft was me," said Don Mosebar, the center. “He 


“BiB Meyers, our offensive line coach, and I got ^^nvdoth^ 

dressed after a game and went home," Wisniewski 


said. “And when we took our shoes off, our feet 


Hostetler left the stadium that day barefoot, 
wring baggy sweat nams and ao oversized shirt 


rn wearineteKY sweat pants and an oversized shut 
were all bine like we’d stepped in paint Hoss had - .Jj said . 

put a dear dye in our shoesthai, when it blended WetL he instigated it, Wisniewski said. 

m with our feet turned blue." Hosteller’s best practical joke may have been 


m with our feet, turned blue." Hostellers best practical jokb may nave ocen 

Simple soap and water did not remove the dye, the Raiders 0^) to ge 

and Wisniewski vowed revenge. goin??-9 last season. A toss last tato to Daw 

“Took about two weeks and about 45 minutes of would have e hm i n ated them, and they trailed tbe 
scrubbing, and the blue was win there," he said. Broncos by 30-13 with 25 minutes to go. 

“Oh, wed, keeps everybody on their toes.” said Talk about staying in the pocket until the last 
Hostetler, who also put hot balm in Long’s under- posable second: Hosted er*s touchdown pass with 
wear. “And a lot of times it takes some of the one second left tied the game, 30-30, . and the 
tenseness mil of the locker ram" Raiders eventually won in overtime. 

For weeks, Wisniewski plotted his retaliation He instigated, inis one, loo. . 


Fiery Wildcats Give 
Purdue a Scare 




The Associated Press 


Glenn Robinson had praise 
heaped upon him once again. 
Northwestern heard good things 
for ihe first time in a long while. 

Robinson, considered tbe best 
player in the Big Ten, had 34 
points, including the game-winning 
jumper with nine seconds to play, 


COLLEGE BASKETBALL 


to lead No. 10 Purdue to a 68-67 
victory over Northwestern, the 
conference doormat for years. 

“Basically, it came down to a 
superstar as good as advertised,” 
said the Wildcats’ coach. Ricky 
Byrdsong. “There were a couple til 
areas of the game we could have 
controlled better — rebounding 


Jordan on Deck 
At Comiskey? 
ChisoxSayNo 


and turnovers — but you can t con- 
trol Glenn.” 

Robinson, held scoreless for the 
first IVi minutes as Purdue fell be- 
hind 22-9, never took Northwest- 
ern for granted. After all the Wild- 
cats entered the game unbeaten 
and had beaten tbe Boilermakers 
last season to snap a 60-game road 
losing streak in the conference. 

“We didn't take them lightly ” 
said Robinson, who also had 14 re- 
bounds and two blocks. “They beat 
us last year and everybody laughed 
at us. They are going to be laughing 
a lot at other teams this year.” 

That is the kind of ' thing not 
heard in the Big Ten for many 
years, but the Wildcats won their 
first nine games and bave looked 
solid during preconference play. 

A 3-pointer by Robinson gave 
Purdue ( 12-0) a 66-61 lead. But Pat 
Baldwin scored three straight times 
to give the Wildcats a 67-66 lead 
with 40 seconds remaining. 

Robinson then hit a 10-foot (3- 
meter) jumper with three defenders 
in his face for the win. 


The Associated Press 

CHICAGO — Michael Jor- 
dan has been in a balling cage 
ai Comiskey Park, but no. that 
does not mean the retired Chi- 
cago Bulls superstar wants a 
tryout with the Chicago While 
Sox, officials of the major 
league baseball club said. 

“Sure, he’s been here," the 
White Sox general manager, 
Ron Schuder, said Wednes- 
day of the former National 
Basketball Association star. 
•‘He’s been taking some swings 
and playing catch. Basically, 
he’s got three or four hours a 
day with nothing to do, so he’s 
coming in here and working 
out. But he's never asked us 
about spring training.” 

The Chicago Sun-Times 
quoted an unidentified source 
as saying Jordan, 30, was seri- 
ously considering reporting to 
the White Sox preseason train- 
ing camp in Sarasota, Florida, 
when it opens Feb. 16. 

Jordan’s only previous ex- 
perience playing baseball was 
in Little League. 


No. I Arkansas 87, Mississippi ^ 
61: The Razorbacks (10-0. 1-0 | 
Southeastern Conference) used a i 
20-0 run to set the defensive tone 
and cruised again at home as Cor- . 
liss Williamson had 25 points. Mis- I 
sissippi (5-4. 0- 1 ) had 20 turnovers [ 
by halftime. a 

No. 2 North Carolina 88, North ■ 
Carolina St 58: The Tar Heels 1 1 1- 
1, 1-0 Atlantic Coast Conference) 
won their ninth straight and have 1 
defeated the Wolfpack (4-7. 0-1} by * 
an average of 36 points over the last 
three meetings. 1 

No. 3 Duke 7L Gencon 65: The |? 
Blue Devils (8-0) opened ACC play ■■£ 
with a victory for tbe seventh 
straight year as Gram Hill scored 22 
points and Clemson (6-4. 0-1) was 
hdd to two free throws over the final 
three minutes by visiting Duke. C 

No. 5 Kansas 90, N.C-Asbe rifle 
44: Steve Woodbeny had 1 6 points R 
to lead the Jayhawks ( 14-1 ) to their p, 
10th straight victory. The Bulldogs [> 
(2-6) went 10 minutes without a ^ 
basket early in the second hall and 
lost their 20th straight road game. S 

No. 9 Arizona 98, Arizona St 81: at 
Guards Damon Sioudamire and Y\ 
Khalid Reeves had 30 and 24 ill 
points, respectively, as the Wild- tl 



Suns Strike Early 
To Swamp the Jazz 


The Associated Press 

The Phoenix Suns had two rea- 


Walt Williams’s 3-pointer with 
8:23 to go- The visiting Lakers fol- 


sons to worry about traveling to lowed with a 20-9 ran, dosing the 


Salt Lake Gty to play Utah. 


gap to 98-94 with 1:35 to play. But 


For one, the Jazz took a 10-game they could come no closer. 

■ ... . , . t ■< me DnO> ao. 


home winning streak into the 
and had a 13-2 record at the 


Magic 105, Bids 90: Orlando 
handed visiting Chicago just its 

.i • j « * to i lLj a — 


Center. For another, the Suns were third loss in IS games behind An- 
playing without point guard Kevin femee Hardaway’s .20 .points, 10 


NBA HIGHLIGHTS 


Johnson, who was injured the ni gh t 
before in a loss at Seattle: 


assists and four steals and Sha- 
qoiQe O'Neal's 28 points and 12 
rebounds. 

Tunberwdves 109, Nuggets 95: 
Minnesota snapped a seven-game 


Phoenix did not have to wony losing streak as Michael Williams 
for long, however. In the first peri- and Luc Longley sparked a 15-2 


od. it ou (scored Utah, 40-16, and 
then went on to a 107-91 victoiy 
Wednesday night. 

“It sure wasn’t expected for us to 
oonae out and score 40 points in the 
first quarter on them," said the 


third-quarter run after Isaiah Rider 
was ejected. 

W illiams finished with 22 points 


and Lcsngley had 12 points arid 10 
rebounds for the Tnnberwolves. 


Rockets 114, Mavericks 102: Ha- 


Suns’ coach, Paul Westphal whose v**™ Olajuwon scored 15 of his 37 
team shot 60 percent in the first points during a 28-14 second-quar- 


Tht Associated Press 

ASHBURN. Vir&m — The 
Washington Redskins wBl not be 
meeting with the Dallas Cowboys’ 
offensive coordinator. Nop 
TVrn w, this weekend to discuss hir- 
mg him to.succeed Richie Petitbon 
asbead conchas thfey bad hoped. 

.The Cowboys' owner, Jeny 
Jones, had sanctioned the meeting, 
which Redskins officials and 
Turner, 41, then arranged. 

But late. Wednesday, Jones said 
Turner would not be allowed to 
have the interview with the Red- 
skins White the Cowboys are still in 
the playoffs. The Cowboys play an 
NFC divisional playoff game in 
Dallas an Jan. 16. 

.“The interview is not going to 
happen this weekend," Charlie 
Dayton, a Redskins spokesman 
said late Wednesday. ‘It’s bring 
pul off until after the playoffs." 

Tbe Redskins had invited Turner 
to fly to Washington after the Cow- 
boys' last practice of the week. 

In granting tbe Redskins permis- 
sion Tuesday io interview his assis- 
tant coach, Jones said he that did 
not want to stand in the way of 
Turner advancing bis career, but 
that he also (fid not want tbe pro- 
cess disrupting Dallas's prepara- 
tion for the playoffs,^ .. , 

In Houston, Buddy Ryan, whose 
tenure with the PhfladrfphhtEagks 
ended in dismissal, said he was in- 
terested in the Redskins post ami 
the Atlanta Falcons’ coaching job. 

Ryan, now the defensive coordi- 
nator of the Houston Odets, told 
the Houston Chronicle: Td like to 
talk to anybody who has a head 
coaching job available. Maybe we 
can win tbe Super Bowl and some- 
body will be interested in me." 

Many NFL observers say Ryan 
probably ruined his chances of 




i f-' x ' 

I -• 


! 


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grr..i ^ ■ 






rife 





Jeff (faym/AcoKe Fimsb- P low 

Chris Corchiani foded Terrell Brandon, but the Celtics ended the Cavs borne winning streak at five. 


cats ( l l-l ) opened defense of their 
Pac-10 title by dominating the 
boards 59-33 against visiting .Arizo- 
na State (5-4, 0-1 Jl 
N o. 13 Michigan 75, Michigan 
St 64: Jalen Rose had 22 points 
and Juwan Howard added 17 as the 
Wolverines (9-2, 1-0 Big Ten) beat 
the visiting Spartans (9-4, 0-1) for 
the fourth straight time. 


No. 17 Cjodnoati 103, Qricago 
St 49: LaZelle Durden had 33 


No. 25 Marquette 79. Memphis belated effort t>ro 
St 67: Damon Key had IS prints only seven points 


points and matched his school re- and Rony Eford added 16 as the 
cord with eight 3-pointers as the Warriors (8-3, 1-0 Great Midwest) 


Bearcats (11-2) crushed the Cou- bounced back from a loss to Wis- 


gars ( 1-12) for the second straight cousin on Sunday. Marquette took 
year. Chicago State made the trip control early by making eight of its 


without its three leading scorers. First 14 shots. The visaing Tigers 
who were suspended for breaking (5-5. 0-1) never got closer than 10 


team rules. 


points in the second half. 


period to Utah's 29 percent. “They 
had a nice comeback Sunday night 
against Portland and we were leery 
of their ability to do that." 

A 30-7 run in the last 7:22 of the 
first quarter, led by A. C. Green 
with 9 points, put the Suns in con- 
trol Green scored 15 of his-19 
prints in the fust period. 

Dan Majerle scored 25 prints, 
including 6-for-8 from 3-point 
range, while Charles Barkley had 
23 points and il rebounds. 

SqierSomcs 106, CGppen 98: 
Shawn Kemp had 22 points and 
tied a season high with 15 rebounds 
as Seattle won its fourth straight 
game and improved to 1 1-2 on the 
road and 24-3 overall. Los Angeles 
has dropped seven of mne games. 

Danny Manning, the Clippers' 
leading scorer this season, tied a 
season high with IS rebounds. He 
ended with 18 prints, despite mak- 
ing only two of his first 13 shots. 

Manning had 13 points in less 
than five minutes during the fourth 
quarter after Seattle buflt a 14- 
point lead with 7:41 to play. But his 
belated effort brought Los Angeles 
only seven points closer. 

Kings 106, Lakers 98: Sacramen- 
to won for the fourth time in five 
games, defeating Los Angeles de- 
spite blowing most of a 15-point 
lead in the fourth quarter. 

Mitch Richmond scored 23 
points for the Kings, who led 89-74, 
their largest margm of the game, on 


ter surge and also had 14 rebounds 
as Houston extended Dallas’s 
NBA-record home winless streak 
to 14 games. 


when be punched the Oilers’ offen- 
sive coordinator, Kevin Gilbride, 


during a 24-0 victory over the 1 
York Jets. 


tan 

ue r -w 


Coleman Is Traded by Mets 
To Royals for McReynolds 


New York Tuna Service 

Tbe New YoA Mets, discarding reomants of tl« woeful 1993 season 
Eke so many bad memories, ended the failed experiment that was 
Vince Coleman by trading the outfielder to the Kansas City Royals. 

In return, the Meis reacquired another enigmatic ooifiddeav Jtevin 
McReynolds, who roamed Shea Stadium farfive years before being 
traded to the Royals in the Bret Saberhagen deal in 1991. 

The Mels’ general manager, Joe McRvame, said the team had had 
precious few options when it came to moving Coleman. 

“We, as an organization. Heel we need to put the Cdemaa situation 
behind us and we got value in Kevin really where there was no value 
because Vince was not going to play for the ball dub this year," he 
said! There was little value to be had for Coleman for. two reasons. 

First, all of baseball knew that McEvaine had a mandate from 
ownership to see to it that Coleman never donned a Mets uniform 
again, thus giving the Mets hide leverage. Second, most dubs were 
scared off by Coleman’s recent troubles off the field, chief of which 
was a firecracker-throwing incident m July tbat rdsulted in & misde- 
meanor conviction for possesion of an explosive device. 

Only two dubs expressed interest in signing Coleman, but only if 
the Mets swallowed his S3 million 1994 cdntract and released him. 
The Royals were the only team interested in talking trade: 

The deal was agreed upon three days ago, but bath teams were 
given a 48-hour grace period before finalization by the commission- 
er’s office. The final agreement came Wednesday. 


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, DENNIS THE MENACE 























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Page 17 



The Assocuued Pim 

PERTH, Australia — Ante 
Hubei and Band Karbacher wa 
their angles matches Thursday, 
moving defending frhninphm .Gefr J 
many min the final of tbfi Hppnga 
Cep with a victory over A ustria. j 
Huber recovered from a second: 
set slump to beat Judith Wiesner, 
6-2, 1-6, 6-2 and Karbadrerdefeat- 
ed Alex Antrinitsdir7-6 (7-5),-M. 

The unseeded German pair beat 
Anlonitsch and Wiesner, 8-4, in the 
mixed doubles pro .set » comptete 
a 3-0 sweep. • . • • ' 

Germany plays the Grech Re- 
public for the tide Friday rrighi.- 
Huber and K-aibacher replac 
the chamoioa pair erf *' CJ 
and Si 


__ [Stick 

ana juw as the Geawm rep- 
resentatives i»d scored victories 
over South Africa, the United - 
Sta t<pc and Austria On their way to . 
the final. 

Huber and Karbacher are both 
3-0 in angles matches. • , ^ • 

“When I saw .ibe dyaw, I certain- . 
ly didn’t expect that we would 
make (he final,” Karbadwr said. 

Hubs' closed oat ha - match with 
Wiesner in impressive style. The 


19-ycar-ofd Goman, iSt*** ■ j®* 
in -the wbrid,' wco tiic fesl foPf - 
ames after the players were wared. 
5m in lhe&udseL Hcfegsctto 1 ' 

her victory vrilh a bacJdwnd mop 
shot ori^ ihirdmatch pant. 

“Anke played scow ^ *>“5*5' • 
lemus «A« ng.updet.a-.tot_ot ; 
pressure," Wiesner said."*! was too 
tentative.” V V" c 

t Kaibacha, faaked-5^ 

wcsWi was top in trouble re me 
first set before recovering. Ante*; 

itschledS-Zandhadfi^sctpa^s 

in the eighth game befor e Itar- 
bacher recovered his oaa^osnt. 

UkeHubcr,Karbadar woutbe 

final Jour games itf W* mtax 
“It is easy if -yro always » my 

your singles M op," he mat It ss 
mce to know that evea.if ypu wse 
your, angles . there . .is . another 
dance." 


A Downhill 1-2 

Canadians 


nam**- ... 

Agamst Ivan Lendl in the SP**: - 

aSTKarbator ** j”? . 

flat oul Faring Asum ®e«r 

year-bid Basarian vaned the race. 

. “I was. wailing for 

r: V i .. . St' aiily 




,■ i was.wwuus » 

from and itdidnt happen, 
AntonitscbsakL ~ 


Ed PoA*i*y sp*®*”8 doTOtl,e! 


o* sufifo* to*** 
SAALBACH. Austria - Ed Pi> 
civinskv became the first Canadian 
LO win a World Cup downhw in 
nearly five vears on Thursday, ral- 
hing from I'Sifc after the fira run to 
edge his compatriot Can; Mu Jen 
Poriivmsky finished with an ag- 
gregate time of two minutes, . .8 j 
seconds for two runs on an imr. fast 
course, bearing Muilea — the first- 
run leader— by ?* hundredths oi a 

second. 

The two-run downed* sprint was 
used for only the second time m 
men’s World Cup history, the other 
rime coming on Jan. 20. 1 WO when 
Atle Skaardal of Norway won at 
Kiubuhel. Austria. 

The two sprints are used when 
poor weather conditions do not al- 
low the traditional single iong run. 
Sudden high winds on the Saalbacn 
course forced judges to switch 
plans to the shorter sprints. 

On Thursday. Skaardal. 1-th af- 
ter the first nzn. started first on the 
second run and skied a i:04-fl » 
take third place with a 2:10.36 ! to- 
tal. Marc Girardelli. the defending 
World Cup overall champion, was 
fourth in 2:10.41. 

Less than six-tenths of a second 
separated the top 30 skie« & ™ 


first run. who were the only qualifi- 
ers for ibe second beat- 


ers for ibe second neat. 

Ralph Socber of Canadajounh 
after the first ten. shared fifib 
place with Lux: Alphas d of France 
at 2:1041 

Norway’s Kjetil-Andre Aamodt 
finished a 2:10.81 for 10tn plart 
and the overall World Cup lead 
with 505 points, 12 ahead of AuSr 
iria's Gunther Mader. 

Mader finished only 23d Thurs- 
dav in a disappointing day for the 
Austrians, whose best fimsh was 


SCOREBOARD 

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SIDELINES rr o — 

K iirj-. Surgery f° r Hurley To Edge Slalom Rivals 

SHAM sail 

Honor sureery on a fractmed Wt da«^ one suffered a 

t - .f ih* rv«w mr differed a teoto ^ . • — ^ 


ihe second run on Thursday for a — - * •«» -««* 


^ World Cup lictoiy. m.d ^ ^^ eC ouie.produc«3 

Tapie Seeks Formal Bribe u»q™7. . . tob “'^ mp ^ mceofllie 

W&s (Offlbm^ Vreni ftWjta of W-fJ 

cLmvei dropped to 

his lawyer. * — . j— ~ r .w- rwvmni- 


1M1CU liUl - — — . 

vcsogatjonmcannccuuuw.u.-^ — - - iww j- Grsi ran. She stifl held onto the 

siawyer. ^Tapie. president of the Olympi- gjant sla- omaD World <>p l*^ but w >- 

The attorney, FrancasDeoacK er, s F ^‘rf^»f^rTr^r Socialist govern- Wibeig. me w dosed to within 16 points. VCX y raa mi B ««* — — - - - 

ment, had made the req^ mder investigation better than the fim cnner-G and slalom in Altenmarkt, ^wnhill must be long and trogbs- 

of tBssioB is w cmsKter^ JW^gday^ 
ton Monday. •- f — 


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WTCDHESOAY-S atoLTS- 

" ». 



OLYMPIC SPORTS 


Worid Cup Skiing 

ME« SLALOM 

^ morsm *•« w •"** 1 

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'i^SaaSaSsSR: For the Record 

s, Tiwnoo wm»awr. who took over tire 

-AmtfrUfaXB# lj«« KaMr..Bi«mBW . **■ 7 ’ . Ymk Giants this season and 

S£3E£S&A& 

hu, z»: hl pabk* Ofitwfc Awtrtw to- • yj jjjg previous two seasons to the 

WOMEN'S SLALOM _ _i cwkolt T Mffnf nlavoffs. 

uottoTBorKWr from Moo»fcFw*- L 

B-^mn warn, swdon. «« m tarto wai mm**. — 

aamnoi Coach of the Year. . (Ar) 

p ntnoa South Africa snatched a five-run 

.*SSSTSSP^iS^ victoryoverAns^mtheseond 

cricket test ® 

Ert. eona awttJtgMf trimni* ever at the Sydney C^wt 

Ground. „ . { Rentas) 

The New (Means Fair Grounds 
race trade roopenedWednaday, 
three weds after a fire had dem- 
tated the historic track. J^r) 
OnuSn Cffligffa, ^ Argcntme 

forward of AS Roma wfaois scsvmg 

an international suspension for 
dnias, is to return to action m an 

international soccer tournament m 
Argentina in May. J-^V 

SflM Weiyue of China set her 

second short-course worid m»m 
m as many days Thursday, 6?^ 
ing the 5(Hneter butterfly m 26.44 

MpodnaoBiMbCMdim' seconds at the World Cu p _ r 
swaMiMris . mmt in Beijina. She set a reqad of 

58.71 seconds Wednesday m the 
100 -meter butterfly. v*** 

T^HoewOam-pI g -Jg 
Aim was legally dnmk 
commined suicide after his bei 
Mend was killed in a our crash, 
rffiriak said. The drug Honnd, a 
commonly prescribed 
ant was also found in bis wood. 

(AP) 


are secoac yZi 

bnUiast victory in one of the ught 
est fimsh«» ever in a womens 

World Cup slalom. . 

Wibera. eighth after the &« leg 
and more rim \3 seconds adnfi erf 
the leader, Patriaa Chauvet of 
France, threw caution to the wmd m 
the second to snatch her seventh 

career World Cuprictoyr and sec- ^ jt 

... ^ ^ Mom performance of the 

season, finishing fourth. 

vreni amous. “ .. Anitfl Wachter of Austria fin 

» «- t 

. . . m _ 41 % n 


tXUMilAO iu u*w r~ - , 

ii looked, it was really &«xL 
Wiberg trailed Chauvut by 1.M 
seconds after the morning ran- But 
then she blazed a lime of 5529 m 
ihe second run, better than 
Schneider's 56.12 and Chauvet s 
57.01. 

Italy's Deborah Compagnom. 
winner of Wednesday's giant sla- 

^ nrrhilirffl 


SSt“of the the OlynB^ downhill 
champion, Patrick Onhcb, who 
was seven ih. 

The victory was the first Inr a 
Canadian since Rob Boyd 00 
25, 19S9, at Whistler Mouniam, 
British Columbia, and recalled 
memories of a decade aro when™ 
Canadian downhillers Ken R® 30 ; 
Dave Irwin, Steve Podborski and 
Date Murray were known as the 
“Crazy Canucks” 

Bovd was 26th on Thursday as 
six Canadians finished in the top 
30. 

“It’s crazy. I'm really amazed, 
said Podivinsky. 23, who had never 
finished higher than 11 th m a 
World Cup race. 

He attributed his blistering sec- 
ond run to complete relaxation and 
knowledge that Canada had the 
lead with Mullen. 

“1 was so excited when I heard 
that Cary was leading in the second 
leg that I lost any nervousness and 
just went down as fast as I could, 
he said. 

Entering the 1993-94 season, Po- 
divinsky was ranked 47 th m the 
world in downhill, and Mullen was 
23d and Socber 36th. 

On Thursday, the course mea- 
sured 1.515 meters (1,651 yards! 
with a vertical drop of 485 meters, 
compared with the original Ifflgb 
of 3,250 meters with a vertical drop 
of 920 meters. 

The top 15 in the fim leg started 

in reversed order in the second leg. 

Aamodt said the spbt dowoMl 
had not been to his Uang. bat 
Skaaidal said he felt weO anted for 
such an event. He said, however, 
that he opposed introducing them 
on a permanent baas. 

Its very exciting and attractive 

so 

in 

'(AP. Renas) 


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OBSERVER 


The New Superhighway 


By Russell Baker 

N EW YORK — The promises 
being made for the “informa- 
tion soperhighway” are reminis- 
cent of the oversell of atomic ener- 
gy in the late 1940s. 

With die atom's energy, we wen: 
told, it would cost only two or three 
cents to pay the monthly da tricity 
bOL A few pennies' worth of atomic 
energy would power the Queen 
Mary across the Atlantic, makin g 

luxury travel available to millions. 

To find bow it came out, glance 
at your last electricity bill Ask a 
travel agent to book you on the 
Mary for the luxurious five- 
yage to Southampton. You'D 


fair because dure win probably be 
scone real advantages to be had from 
the thing. What advantages these 
might be I can’t guess, any more 
than I could have guessed in 1946 
that atomic power might someday 
enrich our poorer stales with federal 
money for letting their land be used 
as dump sites for radioactive waste. 

I have seen it said, for example, 
that a person on the “information 
superhighway*’ will, while driving 
home from work, be able to tell his 
kitchen oven to start cooking the 
roast. This is as much progress as 
Jy ought to expect of a new 
technological miracle, and I ap- 
plaud it, though not as joyously as ! 


HU *1 H 1 1 I 1 1 1 1 « 


to Heathrow and like it, wise guy. 

What's more, you’d be iD advised 
to annoy the aiomic-energy wizards 
by asking what ever happened to the 
miracle of incredibly cheap travel. 

O 

The overset! on the “information 
superhighway” exploits the same 
public gullibility that true atomic- 
energy believers exploited decades 
ago. It’s a gullibility that flows 
from a touchingly credulous eager- 
ness to believe that new miracle 
ages are constantly lurking just 
around the corner. 

Even the most ponderous news- 
paper reporting cm the “informa- 
tion superhighway" breathes hints 
of a new age of magic soon to flow 
out of fiber-optic wire. 

The papers suggest the individual 
wiB never again have to leave the 
house, or the car, or whatever co- 
coon he chooses to inhab it. With a 
computer be will be able to sit tight 
and move happDy through the uni- 
verse, communicating and playing 

r tes and "interacting" with both 
arts and the schlock, and watch- 
ing movies or hundreds of TV chan- 
nels that provide gossip and game 
shows and instruction in calculus 
and woodworking, while phoning 
op Burundi or Osaka or the comer 
deli for fast-food delivery. 

The point of the miracle seems to 
be that humanity will never again 
have to gp out on real superhigh- 
ways, or even mere highways, or 
even byways or sidewalks. You set- 
tle down on your fiber-op lie wires 
and cruise the “information super- 
highway" to total communication. 
□ 

I am making it sound an gular ly 
ni ghtmarish and ally, which is un- 


Europe 


Si Prtwawg 

SMcfcMni 

Snsfaoorg 

THro 

V«i*» 


Today 
Mgh Low 
OF OF 
Mist SMS 
6MI S/96 
7M4 Zf& 
16*1 SMS 
It IS? 409 
6/46 1/34 

8/43 033 

4/39 1/34 

SMI 1/34 
4/39 1/34 

12/53 7.-44 

7/44 1/34 

7/44 4/39 . 
11/52 7/44 

8/43 1/34 ; 

4/39 -1/31 
-1/31 -2/29 
11/52 6/43 

22/71 14/57 
12/53 0/48 

8/43 4/39 

4/3S -1/31 
0/43 2/31 

-4/25 -B/1S 
6/43 1/34 

12/53 5/41 

-1/31 -3/27 
12/53 5/41 

6/43 104 

SMI -1/31 
1134 -2/29 
1407 7/44 

■4/25 -7/20 
1/34 -1/31 
SMI 0/32 
1/34 -6/24 
9/40 5/41 

5/41 1/34 

4/39 -200 
4139 0/32 


tic crossing on an atomic-powered 
luxury liner. 

Nobody is talking much about 
what it will cost a customer to get 
on the new superhighway. This is 
probably because nobody has the 
faintest notion about costs. It’s at 
this stage — when enthusiasm, vi- 
rion ana dreams of big killing s pre- 
vent everybody from thinkin g 
much about real money — that the 
oversell of new technological mir- 
acles lends to be fiercest. 

Television, which was the most 
commercially successful technologi- 
cal miracle since the automobile, 
quickly became so vital to Ameri- 
cans that people who couldn’t even 
afford shoes bought sets in the mil- 
lions. Automobiles stQl sell robustly 
though the cost of the average car 
would have bought one of the best 
bouses in the neighborhood 40 years 
ago, back when we were dreaming of 
the atomic miracle taking us to Eu- 
rope dirt cheap. 


The question is whether we will 
be as desperate for total communi- 
cation as we once were for televi- 
sion and still are for wheels. The 
financial types who play Wall 
Street Monopoly For Big Boys 
seem to be betting that we will, or 
else what's all the merging, acquir- 
ing and hostile takeovexing about 
in the communications world? 

Personally, while I wouldn't mind 
being able to pet in touch with my 
erven while sitting in my car Td rath- 
er put the money into a new car. Pay 
□o attention to this mossback kill- 
joy. however. Tm stflJ sulking about 
the atomic-energy flop. 

New York Tima Service 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, JANUARY 7, 1994 


From a Child’s Pen, 

A Sarajevo War Diary 


By Alan Riding 

New York Tima Sentce 

P ARIS — For two years, through the 
steady destruction of Sarajevo, the 
endless food shortages, the deaths of 
friends and the constant atmosphere of 
fear, Zlaut filipovic, now 13, kept a diary 
that recorded the life and feelings of a 
young girl trapped in a war she could not 
understand. 

At times, she imagined the war would 
never end. "If thin gs go on like this. I'll be 
20 in a few years time," she wrote. “If it 
turns out to be another 
’Lebanon,’ as they keep — — 

&,%*£££ n- vA 

Gone my youth. Gone almost niff 

my life. And I'll die and i 

this war stQl won't be shelters, O 

Yet two weeks ago, Wate 

thanks Lo her diary. 

Miss Fflipovic and her 

parents were evacuated 

by the French authorities from Sarajevo, 

Bosnia-Herzegovina. 

And now, still surprised to find herself 
in the safety of Paris, the teenager is sud- 
denly confronted with the fact that she has 
become an overnight literary sensation. 

“The Diary of Zlata FilipovicT pub- 
lished here three weeks ago, went immedi- 
ately to the top of France’s nonfiction 
best-seller list. There are 50,000 copies in 
print in France, and rights to the book 
have been sold in nine other countries and 
are under negotiation in the United Slates. 

The diary’s success suggests that even in 
a world numbed by television imag es of 
daily atrocities in Sarajevo, in a Western 
Europe racked by guilt over its failure to 
halt the 21 -month-old conflict in Bosnia- 
Herzegovina, tire voice of an innocent 
child still carries special weight. 

The French publisher Editions Robert 
Laffont/Fixot, which owns the foreign 
rights to tire book, has predictably pro- 
claimed Miss Fflipovic to be the Bosnian 
war’s version of Anne Frank, tire Jewish 
girl who for 25 months kept a diary while 
in hiding from German troops in Amster- 
dam dining World War II. 

And as it happens, the Bosnian girl had 
read Anne Frank's diary before Sarajevo 
was engulfed by war and, like Anne Fr ank, 
she addressed her thoughts and fears to an 
imaginary friend, Mimm y. More than 
once riie hoped she would not suffer tire 
same fate as Anne Frank, who died in a 
Nazi death camp at the age of IS. 


The writer records 
almost nightly trips to 
shelters, days without 
light, water or gas. 


“In a way, we were in the same posi- 
tion," Miss FQipovic said in an interview 
Tuesday. “In a war, writing a diary, loraiy, 
can't go outside, losing oar childhood. The 
difference is she was m an attic and I was 
in a cellar. If s crazy what happened to her. 
It's crazy to think it could happen again." 

Sitting on a sofa at her publisher’s of- 
fices, speaking in accented but fluent Eng- 
lish. she seemed older, more mature, than 
her years would suggest. 

Above all, she appeared intent on oring 
her new fame to draw attention to the 
plight of the 70,000 or 
so children under the 

„ mvirAa age of 15 who are stiU in 
r records “when pco- 

itly trips to pie read my book, when 
J , they see me on tdevi- 

tys Without si on, they may help tire 

children of Sarajevo be- 
or gas. cause we must not for- 

get tire children. I want 

■ to say to people: “Stop! 

You Eve normal lives. 
Please help the children of Sarajevo. If you 
forget, it will be the end.’ " 

What Miss FQipovic has no time for is 
politics. In her diary and again in person, 
she poured scorn on all politicians. “It’s a 
war between idiots, not between Serbs and 
Croats and Miisbms. They’re crazy. Even 
when they’re signing a cease-fire, we could 
hear the boom of shells landing.'’ 
“Those ’kids' are playing around with 
ns," she wrote on May 4, 1993, using the 
nickname she gave Bosnia’s politicians. 
“Ordinary people don't want this division 
because it won’t make anyone happy, not 
the Serbs, not the Croats, not the Muslims. 
Bui who asks ordinary people? Politics 
only asks its own people.” 

Significantly, even though she was writ- 
ing about an e thni c war fought against a 
religious background, tire diary makes no 
reference to religion. Miss Fiupovic her- 
self is of mainly Croat descent, but she 
insisted her family was mixed and not at 
all devout. “When the f amil y began, to mix 

many years ago. they stopped believing in 
God." 

Much of her diary is given over to the 
incidents of daily life: from almost nightly 
trips to bomb shelters, days without light, 
water or gas and tire scramble to find food 
to the small pleasures of reading or resum- 
ing her piano lessons or braving snipers to 
visit her grandparents. 

But tragedy is also constantly present. 
On May 7, 1992, Miss FQjpovic’s 11 -year- 
old friend Nina is killed % a shell “Wc 




Michael JacfaanGets ■ 
NAACP Image Award 

MktaelJadtsoagotatongova- 
tion ai the Image Awards of the 
National Association for the Ad- 
vancement of Colored People and. 
pfl Kfoitne d that he was umooent of 
allegations that be motesed a. 13? 
yearoidboy. Jackson, 
tenainet of the Year, said, i know 
that the trath win be my salvation. 
He has not been charged with any 
crone; the boy is suing hint WMt- 


AkxoodR Bmda/SIPA 


Zlata Fflipovic in Sarajevo: “Tfl die and tins war still won't be over/ 


went to kindergarten together and we used 
to play together in the park." she wrote. 
“A disgusting war has destroyed a young 
child’s life.” 

Only occasionally does she sound des- 
perate. “Oh Mimmy, I can’t take it any 
more," she wrote on June 1. 1993. “There’s 
a growing possibility of my killing myself 
if all these morons up there and down here 
don’t kill me first Tm losing h. I want to 
scream. Bang my fists! Kill I'm tinman 
too, you know. I can only take so much, 
Ooohhl I'm so ride of it all!” 

Looking back, she said she never really 
contemplated suicide. *T think I was crazy 
that day," she said with a slightly embar- 
rassed smila. In fact, she went on, most 
people grew accustomed to the bombing 
and suffering. “When you got used to 
things, it was easier, but some people did 
commit suicide.” 

“There was a woman in our neighbor- 
hood who was very tidy, always cleaning 
all day," she recounted. “When tire war 
came, there was no soap or detergent and 
things are dirty and she goes crazy. She 
tries to leave and waited day after day for a 
convoy. One day, it was too much for her. 
She hanged herself." 

The existence of her diary became 
known when part of it was published last 
June in pbotcrapy version by the munici- 
pal authorities in Sarajevo. Eventually, a 
French photographer brought a copy of 


tire diary to Paris, and she returned to 
Sarajevo with an offer from Editions Rob- 
ert Laffont/Fixot to publish it • 

The understanding, thoug h , was that 
the publisher would help the Fflipovic 

famil y — Zlata is an Only child — - to 
escape Sarajevo. 

And tins proved difficult; French au- 
thorities were finally persuaded to fly the 
three of them out on a military aircraft to 
the Italian airbase of Ancona. From there, 
a French government plane brought them 
to Paris on Dec 23.. 

In tire coming weeks. Miss FQipovic is 
to travel lo Germany, the Netherlands and 
Italy to publidze her diary and more trips 
may follow. Later, the family hopes to 
resettle in Slovenia. 

And, in tire meantime, both the. young 
diarist and Editions Robert Laffont/Fixot 
say they will contribute some royalties to 
charities that are helping Sarajevo’s dril- 
dren. 

Susanna Lea, the publisher's foreign- 
rights director, said she was confident that, 
tire diary was written solely by tire Bosnian 
girl and noted that it was published in tire . 
form in which it was received. 

Miss Fflipovic, however, confessed to & 
htlk censorship of horown. “I took two or 
three dates out because of little secrets,” 
she said shyly. “They're interesting, but 
they’re mine. I still have the pages and, no, 
Tm not going to tell you what they say.” 


nm;RNAl!ON4L 

CLASSIFIED 

Appears an Pages 4&S 


WEATHER 


WEEKEND SKI REPORT 


Forecast for Saturday through Monday, as provided by Accu-Weather. 



Brefro fc 

HongKong 


Today 

High Lew 
CZF OF 
32/89 21/70 
6/43 -5/24 
18/64 16/BI 
31/88 23/73 
29/84 1203 
3/J7 -5/24 
9/48 4/39 
29.62 24/75 
20/68 15/89 
7/44 -4/2S 


Torararaar 
IT Mgh Lett W 
OF OF 
pc 32/m 21/70 pc 

■ 4/39 -3/27 pc 

sh 19/56 16/81 Bh 
sh 32/99 23/73 *h 

■ 28/82 11/52 a 

• 6M3 -4 US a 

pc 9MB 3/37 aft 
pc 28/82 24/75 PC 

* 21/70 15/S9 I 
C BM6 2/35 ah 


Depth Mbu Rat. Snow Last 
Rami 1 U PWm Plato* State Snow 

Andorra 

Pas de la Casa SO 100 Good Open Hart 1/1 
Solti eu 45 BO Far Open Var 1/1 


] Un a a aa o mW y 
ICoM 


lAnmaumUy 

HOI 


North America 
Several inches of snow are 
possible Irani Now York Cfcy 
to Bosian this weekend. 
Light snow may occur as to 
south os Washvigton, D.C.. 
end Roanoke, Va. CoW air 
will plunge southward 
through the Greet Lakes 
states w northern Florida. 
The northern Ptek» wll have 
snow Otis weekend. 


Europe 

Heavy rakis wiB soak pads 
of north Africa through 
Greece and Bulgaria this 
weekend. MM weather wflt 
surge northward across 
Turkey and the southwest 
former USSR the nest rarer- 
al days. Snow wM Unger over 
northern Scandinavia. Lon- 
don and Parts will lum 
stormy with rain by Monday. 


Asia 

Colder weather will move 
Wo Eiefjhg Sunday or Mon 
day accompanied by some 
light snow. Raki will break 
out over southeastern China 
from Hong Kong lo Shanghai 
over the weekend. Japan w* 
hare mBder weather Swday 
into Monday. Ram wfll reach 
southwestern Japan early 
next week. 


Ngm 12/53 

Capo Torn 25/77 

Cautsanca 13/55 

Harare 22/71 

Lagoa 29/04 

rtanbi 24/75 

Tuna 17/82 


9/48 Sh 13/55 10/50 pc 
20*8 Ml 24/75 18*1 pc 
6/43 s 10/81 10/50 pc 
a '48 • 24/73 0/40 ■ 
24/75 po 31/88 24/75 pa 
11/52 pc 77/80 12/53 a 
8M6 c 12/53 3/37 I 


North America 


Austria 

Igis 

Kitzbuhai 
Seal bach 
ScMadming 
StAnton 

Franca 

Alpfl tTHuez 

Las Arcs 

Avoriaz 

Cauterets 

Chamonix 

Courchevel 


10 SO Fair Worn Vur 4/1 
35115 Good Mr Pwdr 5/1 
60110 Good Open Pwdr 4/1 
50140 Good Wcm Pwdr 4/1 
50 220 Good Fair Pwdr 4/1 

140 220 Good Open Var 4/1 
120370 Good Open Var 4/1 
140 170 Good Open Var 6/1 
130180 Fab Open Var 3/1 
105 425 Good Open Var 6/1 
145 235 Good Open Var 5/1 


Middle East 


Latin America 


Today Twnotrow 

High Low W High Low W 


24/75 17.82 a 25/77 17*2 pc 
27*0 19*6 * 77/80 21/70 pc 


CZF CZF C/F C/F C/F C* OF C/F 

toil 19/66 1203 a 21 /TO 14/57 a BuenoaAaM 33/91 22/71 pc 32*9 20*8 pc 

Cake 23/73 11/52 l 28/78 14/57 a Caracas 20/82 23/73 pc 28*2 23/73 pc 

Damascus 18*1 SMI s 18*4 7'M a Uma 25/77 I9/G6 a 25/77 20*0 pc 

Jenradsm 1B*< 9M8 s 17*2 10*0 s MadOoCty 72/71 <08 s 16*1 4/39 pc 

Usio> 30*0 9*48 a 32*9 13*8 a HodaJWWlro 211/IE 23/73 pc 28*2 23/73 pc 

flfyadh 21/70 7/44 a 22/71 8/46 ■ Sartago 27*0 14*7 a 30*0 14*7 pc 

Logand: u-aamy, pc-parttv ctouOy. eriouay. sh-ahowos. mu nd a s la n* . nakv. st-snow Sunk*. 
Bvsnow, Hca. W-Weattar. An mops, forecasts and d*e provided by Aeeu-Weethor, Inc. Q1B94 


Today TwimTSW 

High Low W Mgb LOW W 
C/F C/F OF C/F 

Queues Aims 33/91 22/71 pc 32*9 20*80 pc 

Caracas 28*2 23/73 pc 28*2 23/73 pc 

Uma 25/77 19*6 * 25/77 20*0 pc 

Masco City 22/71 4/38 s 16*1 4/39 pc 

nodaJeneko 20 IK 23/73 pc 28*2 23/73 pc 

Sartngo 27*0 14*7 s 30*0 14*7 pc 


Andsoga 

AWJ 

total 

Qacago 

Denver 

Mot 

Honolulu 

Houstai 

LooAngaln 

Mon 

Main* 
Nasooi 
New Yak 
FYnena 
San Fran 
S anaa 

VWta^on 


-841-11 pc ■ 
- 1*1 stl 
-405 . 
-13* an 
•13* a 
-9/IB sn 
19*6 ah 
-8/22 pc 
10*3 8 
17*2 pc 
-19M d - 
-170 d 
20*0 pc 
-131 r 
<'39 * 
6/42 pc 
409 J 
-9/16 sn 
104 r 


I -18/4 c 

' -6 22 pc 
’ -7/20 an 

I - 12/11 pc 

i -4/25 pi 
1 -11113 rf 
I 20*8 PC 
I -2/29 a 
I 9M8 pc 
I 9M8 PE 
I -14/7 pc 

i - 1 B/U sn 
I 19*6 pc 
I -6*2 an 
( 0M3 a 
i BM3 Ml 
i 2/35 db 
► -S2ni d 
. -visa ao 


Las Deux AJpea 65 245 
Halne 100 290 

■sola 50110 

Mftrtbel 50230 

La Pfagne 165 320 
Same Chevalier BS 220 
Tignfls 155 335 

Val disere 135 350 
Val Thorens 150350 


Germany 

Garmtach 

Oheredort 

Italy 

Bormio 

Cerwna 


Var 4/1 
Pwdr 5/1 
Pwdr 4/1 
Pwdr 4/1 
Pwdr 6/1 
V«r 5/1 
PwOr 5/1 
Pwqr 6/1 
Pwdr 6/1 


5165 Good sane Var 4/1 
10170 Good Soma Var 1/1 


20120 Good Same PcM 4/1 
100 400 Good Open Pwdr 6/1 


Goodphaos on taper slopes 
Some tower slopes worn 

Peiahy slang escepl taper slopes 
Good ebaue 1200m. BS% Nlsapn 
At Ms open far great sting 
Good sting. B5*l 5 ns open 
Great Freeh snow, 9S9i Bit open 

Lovely pbtt slang. foBy open 
Vary deep mow, 70% Ms open 
Greet piste sting. 85 % Ms opart 
Packed snow on at pistes 
ExceBant ptaes. most Ms open 
Pistes In excefertf condBton 
Goad sting despite nearyvdnd 
Lovely sting an at open pties 
Good Fresh snow, mod Bits open 
Supotpausting. 9S% Shsopen 
Excellent pistes. 70% Bits open 
Abundance of snow on et plates 
Wonderti sting. 80% Bits open 
Deep powder on at open pistes 
ExceBent daepSo poor vmbtiy 

Good shave 1500m.BS% SUsopn 
Good sting on upper stapes 

Add and upper pistes gong wet 
Superb sUrig ttroughout resort 


Depth Mhv Res. Snow Leal 

Resort L U PMee PMra Male anew ...^ CiMm i d i.. _ 

Cortina 50 100 Good open Pwdr - 4/1 BtoeOsnt-sMng on fresh snow 

Courmayaur 30200 Good C%rf Var 4/1 Good Bt&rg prr ropsr Stapes 

Selva GO 100 Good . Opon Pwdr 4/T Geest ptie stirig ti Kb open 

SestrWira 80 . 80. Goad Ophr Pcko 6/1 Fresh snow SRw tw fr ff oawdMws 


TtysB 90 133 Good Open Pwdr 5/1 BcceaantstingmSMygpsn m ott 

•P* 1 " 

Baqulere-Serat 100200 Good Open Hart 28/12 Qoodpti»sticg.reearxtijByopen 


jmtuHyapmmson 


* 


SwHzariaad 

Arosa 70 80 Good 

Cams Montana 100 160 Good 


Davos 70 15£ 

Grtndetwald 20 « 

Gstaad 40 K 

StMorttz 4014C 

Wengen 20 4C 

Zermatt 4019C 

UA 

Aspen 90 95 

Jackson Hole 60120 
KUNngton 55 135 

Mammoth 25 90 

Park City 55 66 

TeflurWe 75 BC 

Vail BO IOC 

Winter Park 120 130 

Key MUfcpth in cm on I 
Plsfea:Runs feeding lo ra 


70155. Good 
20 60 Fait 
40 80 Good 
40140 Good 
20 40 Fair 
40190 Good 


Pwtk 5/1 Good sting on a* j*s*s 
Pwdr 571 Vary good pim sting sveBMs 
Pwdr 4/1 Bmatint puts sting, SB SBsopan 
■ Var 3/1 Upper depos good . 95% Msapsn 
Var -4/1 Best snow & sting above t3SOn 
Pwdr ' 4/1 Good pbtsMng an most aopsB 
Hvy 2/1 Upper slopes ok aH Ms open - 
Hvy Z /T ' Good MOgdespae poor vtibOty 


Good Open Pwdr 4/1 Good sting In tuOy open ieeart 
Good Open Pwdr 5/1 Lovely sting an ttash covering 
Good Open Pwdr 5/1 Bast sting an taper stapes- ' 
Fair Open' Pckd 16/12". FkmsdrMble sting on funs . 
Herd Open Pckd 5/1. Good sting an open pistes " 
Good Open Pckd 4/1 Good pose sting, resort h/tyopen 
Good Open Pckd 4/1 Lovely pUs sting, tuty apse 
Good Open Pwdr 5/1 Good sting in SjOy open resort 
mer and upper stapes, Mta. P 1 ata a:Moantalnak5e pittas. Use. 
xl retags. AttAitWctai enow. 

FtapartS stapled by the Sd GUr cf Brest Britain 





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Australia 0014-881-011 kdantTa 

ChiuajntOwa 10811 Ireland 


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ChinaJRO^a 

Guam 

Hong Rong 

India* 

Indonesia* 

Japan - 

Korea ' 

HoitMA 

Malaysia- 

New- Zealand 
Wtfflpptots* 
Rusgia-*{Moscow) 

CnJffuln* 

WupaB 

Slngapcne 
Sri Lanka 
Taiwan* 

Thailand* 


018-872 Italy- 

800-1111 IJfc htens t e fai* 
000-117 Tidmiinfeta 
00-801-10 LuxembouiE 
0039-111 Mater 
009-11 Uanaoo* 
11' NetberlKCKfar 


004.-800-011U OdVe 

99»001 tColombte 
1-800-S50-000 icostaRJea-a 
172-1011 te naAV ' 

15W11 o&ssss 


8*196 
0-800-0111 
0800-890-1 1CX 


iGuatemalsi- 
>Gny*» B* ~ 
!Hooduras*w 


0640X9111 


800-0011 Norway* 
000-911 Poland** T* 


105-11 POrtHger 

155-5042 Romania 
235-2872 Slovakia 
800-01 11- ] 1 1 Spain 

430-igQ Sweden* 

0080-10288-0 tor ta ta* 4w twT- 


0019*991-1111 TJX. 


EUROPE 


080104804)111 ^ ■■ 

05017-1-288 s r —- 

01-8004288 

Jjgg,;. 

900*994X1-11 CA H IWWM f 

020-7^611 1-800872-2881 

nd- 155-00-11 ^ Beaaadg * 1-800872-2881 - • 

0500-89-0011 . I BriltahvJ -. - 1-800-872-2881 . . 

MIDDLE EAST 'Cayman Isfauds . \ - l-BOCWMBBl'- : 

800-001 i Greoada* - 1-8QQ872-2881- - : 

[O) 5100200 par- - OQ1-800S72-2883 - : 

. 177-100-2727 - Ifoatair- . 0800872^81 ^ 

800-288 Afetfa-Antfl. - /01-8QQ-87M881.; ' 

leIni 0 426-801 jSL Kta$/Nevfa l-fln087a.-aftftl ■ 

1-800-100 . AFRICA- • 

_ 00800-12277 . j GAbatf : oa^L .,. 

AMERICAS jownfala* ~ OwS : 

001-800-200-1111 (Kenya* t . o aoo-ig. 

— - ff 5 . X * >cri » 797-797 : 

— fraoo-im iMatari** 777 101-199® * 

0008010 Suriname-' 156 

z 7v-.:l- 

<»w . 77." 

***WotT«iw ugre tete)ui3flaflaw. • - r H - * 


I N1caxxga«.(M«o»gna) 

(Panama* 

Tern* r~ 


008-0312 
980-11-0010 
' -114. 

- , 1 19 

390 : 

- 190 

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m - 

1 95-800-462-4240 . 

^'77 . Ttfr 

-109 

_ ■ - - ^ 39i- 

00-0410 
90-011-120 


Armenia** 
Aqgtria— * 

Belgium* 

Bulgaria 

Creatte** 

Cyprus* 

Czech Rep 

Denmark* 

Finland* 

France 

Germany 

Gr eece * 


8*14111 Bahrain 

022-905-011 Egypt* (Cairo) 

078-11-0010 Israel 

00-16000010 Kuwait 

99-384)011 t*banon(BelrBQ 
08090010 Saudi Arabia 

00420410101 Turicey* 

8001-0010 ' AMFf 

9800-100-1 0 Argen tin a* 
19*-0Q11 Betiae* 

0130-0010 Bolivia* 

00400-1311 Brazil 


800-001 t Onaaidgr 
5100200 pritt*- ' 
177-100-2727- 


tarSMIto>a v <««in -n i . 

rremr-g<arnw t ,iwm>dlanlCTTiTK4roeun-n,-.aaan^XMi.i« M ff 

a gSaa a~^- ! -:-? 

lS5S3SK5* - *“ ■ " ' 


! c 1994 Aisr 


■ toid»Wbrtd C o ^cr - 3u . ^ . L ra ^^ l*.jy