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PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 





Paris, Tuesday, January 25, 1994 







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No. 34.494 



By Chns Hedges ; 

' New York Tunet Service . 


ALGIERS — Theirined l^s^c;insaige^.tliat has 


a military-bached gcrvdTjmeot wbasc authwftv secms to bo 
deteriorating daSy. 

ibeir supporters, 

compounds omskfe Algier&..To trareTlo and from offices 
and mectmgs^tbey often use hdicoptcs. 

Twenty-six foreigners have beat shot and fiBedih the 
Iasi four mouths, purring an exodus of workers and diplo- 
mats. Police officers and troop® withdraw al dosk from 
BUBV- m J ’ ’ ... - -- 


support. Toe nightly curfew is punctuated with gunfire. 

Hundreds, perhaps as many as 8,000 -young men, have 
deserted from the anny.this year, diplomats say. Many have 


taken their weapons with them to the mountainous interior 
where Islamic nuhtants are forming a formidable army. 

- In response Lo the killing of Algerian officials and mem- 
bers of the security forces, paramilitary death squads have 
responded with fatal attacks on those suspected of being 
nuBmtA say Western d iplomats and human rights offi- 
cials. 

Foreign embassies, including the U.S. Embassy, have 

Algeria reportedly is now sponsoring paransBtaiy death 
squads to deal with suspected Mus&a mdrtanfs. Page 5. 

reduced their staffs, warned their citizens to leave and 
relocated remaining diplomats' to secure compounds. One 
Western embassy requires bulletproof vests for its diplo- 
mats, who like afl foreigners working in Algeria have been 
threatened with death by tbetmlitaats if a deadline of Nov. 
30 for leaving is not met . . 


The French, once the junta s strongest backers, have 
begun to distance themselves from ibe faltering govern- 
meet. 

'‘The biggest risk now is a convergence of the social and 
political problems," a European diploma! said. "If there is 
unrest on the streets because of the growing food shortages 
the troops may not want to shoot. At that point things 
■would unravel I could then see an alliance between junior 
officers and Islamic leaders that would lead to an Islamic 
state.” 

Algeria fell the power of Muslim militancy tn 1991 wren 
the Islamic Salvation Front defeated the governing party in 
die first round of voting in parliamentary elections. Rather 
than allow the Islamic party to form a government the 
military’ removed President Chadb Bendjedid in January 
1992 and canceled the elections. 

The generals bier named a five-man committee to rale 
the country. Although a national conference to choose a 


new president is scheduled this month, it is seen as window- 
dressing for continued military rule. 

The creation of an Islamic stale in Algeria could force 
501000 Algerians to flee to France. European diplomats 
said. 

Outlawed in 1992. Islamic groups in .Algeria began an 
armed insurrection, ambushing police and government offi- 
cials. In the last two years, the campaign has killed 2.000 
people. But Jsiamic leaders say they have lost control of the 
insurrection as new groups, such as the Islamic Armed 
Movement and the .Armed Islamic Group, have emerged to 
supplant the traditional leadership of the Islamic From. 

The only tactic that might salvage some form of the 
widdy unpopular military-mo government is a dialogue 
between the generals and the Islamic Salvation Front say 
many critics of the government Bui with ihe generals and 
the militants showing tittle willingness to compromise, the 

See ALGERIA. Page 5 


U.S. Rebuffs 
French Plea 
For Action 
On Bosnia 

Christopher Rules Out 
Use of Ground Troops 
To Impose Settlement 

By William Drozd iak 

H iitArn / >ftw Aw -Storin' 

PARIS — The United Stales on Monday 



As New Pentagon Nominee 


fr By Paul F. Horvitz 

International Herald Tribune 

■ WASHINGTON — Preadent B31. Clinton 
oq Monday selected the No. 2 official at the 
Pentagon, William J. Ferry, as his latest nomi- 
nee Tor secretary of defense. 

Mr. Perry, currently the deputy secretary of 
defense, has maintained dose ties with the 
California weapons industry and high-technol- 
ogy laboratories and is considered one of the 
fathers of the radar-evading “Stealth'* aircraft : 
technology. 

The 66-year-old former engineering -and 
mathematics professor is reportedly welHIked 
at the Pentagon and by key members of Con- 
gress but has so for maintained a low public 
profile. 

Though be passed Senate muster for the . 
deputy's job, Mr. Peny wotfld be required to 
undergo a second confirmation hearing. 

In announcing the nomination, Mr. Clinton 
said Mr. Peny had “demonstrated leadership, 
integrity and mastery in Ids field " He praised 
his nominee as having- ‘Ihq-right skills in man- 
agement" and “the right vision for the job." 

Mr. Perry said he would continue to press for 
a reformed Pentagon system of buying new. 
weapons and equipment “at affordable prices” 
and promised to continue the ptiticy directions 
out by hfc predecessor. • 

Despite reports to the conrraiy. Mr. Peny 
said he “did not have to be persuaded to take 
this job.” " -‘V *;-V 

Among those prajsng the nomination was 


Senator John Glenn, an Ohio Democrat and a 
member of the Senate Armed Services Commit- 
tee, which wQ] hold confirmation hearings. He 
declared Mr. ?my “confirmable.” 

If approved by the Senate, Mr. Peny would 
anchor an important foreign policy position 
that the White House has had considerable 
trouble filling. 

Mr. Clinton's first defense secretary was Les 
Aspin, who resigned last month after a rocky 
first year in which he was viewed by the White 
House as too indecisive. 

Bobby Ray Inman, a retired admiral and 
fanner top intelligence official named to suc- 
ceed Mr. Aspin, threw op his hands oo the eve 
of bis .Senate co nfirmati on hearings this month 
' and withdrew with a broadside against critical 
newspaper columnists. 

Mr. Perry's name arose quickly after the 
abode of Mr. Inman's withdrawal But two 
Other pnlwiti*! nnrninmc — $pMMr Sam 
Nmm, the Georgia Democrat, and former Sen- 
ator Warren Rodman, a New Hampshire Re- 
publican — reportedly rejected White House 
feelers. . ■ . 

“I think Sam Nunn always knew that if he 
was interested in that job, that I was open to 
him, " Mr. Clinton said earlier Monday. But the 
president denied that anyone else bot Mr. Perry 
had been offered the job. 

Mr. Peny accepted it only reluctantly, and 
Vice President Al Gore played an important 
role in persuading him to accept. The New 
York Times reported. 


*A Too- Ambitious Agenda 


arms 


Doesn’t Scare 
Forei 

By Steven Bnill.,. 

Jniernaautal Herald Tribune ■ 

TOKYO — Prices on tbe Tokyo stock 
market, ravaged on Monday by the steep- 
est one-day Jail in two-andra-half years, 
will protaably drop even further until the 
fate of the government’s policy to stimu- 
late the economy becomes dear, market 
analysts said. . ■ • 

Yet, foreigners, whose buying. has made 
Tokyo the best-performing major market 
this year, have so far been u n fitt e d. In- 
spired by Japan’s long-term prospects, 
they are Ukety to keep buying the market, 
despite the growing eapectatiou that the 
major cut in income taxes that is seen as 
key to economic recovery wfll be post- 
poned , analysts said. 

Indeed, whether Monday’s 5 percent 
sell-off signals just an ordinary correction, 
or spirals into a deeper descent that’ could 
damage Japan's financial system and un- 
dermine long-term economic prospects, 
could depend on the attitude of overseas 

investor* , - 

“T yfrnfefll y, the market srifl has a lot to 
give up.” one foreign fund man age r said. 
“But foreign investors couldn’t care less. 
They’re not thinking of taking profits, for. 
months.'* - . 

In its first jroponseroFndaj^ defeat or 
Prime Minister Morihiro Hoso] 

See MARKET, Page 5 


By James Stemgold 

. flew York Times Service 

TOKYO.— The defeat of Japanese electoral 
reforms has not just crushed the ambitions of 
Prime Minister Morihiro Hosokawa and his 
awkward coalition, but it also has blocked the 
political revolution that he helped set loose. 

It remains unlikely, though, that the forces 
pushing for change mB be turned bade entirely. 

Young, unafraid of the old political taboos, 
and a gifted salesman with a seductively under- 
stated manner. Mr. Hosokawa charmed the 


NEWS ANALYSIS 


public from the moment he took office last 
summer with the idea that he would bring 
major changes Jo oatmoded political and eco- 
nomic structures, and that the changes would 
Tie relatively punless. 

Within his first few weeks as prime minister, 
he issued (he apology for Japan’s World War II 
aggression that none of bis predecessors were 
able to utter, vilified the corruption and collu- 
sion thatcharacterized the previous 38 years of 
liberal Democratic Party ru!e, and vowed to 
make containers, rather than corporate Japan, 
the beneficiaries of government poBcy. 

* ' Mr. 1 Hosokawa made it seem so easy to talk 
. down the old order, and be was so encouraged 
by his soariugapproval ratings —and populari- 
ty with the Gin ton adnanistration — - that he 
continued to add to the KsvwithJew question- 
ing whether all of the goals were attainable, or 
even if they were compatible. 

In effect, Mr. Hosokawa transformed the 
breakup of tbe Liberal Democrats .last summer, 
popular diriilnsjoament over political c or r u p- 
tion, and impatience with stingy living stan- 
dards into not one but a series of revolutions. 

: ” See JAPAN, Page 5 

Hosokawa feretteas a new election if the 
opposition bafts on a comprooBse. Page A 


I DjiuJ AiiiAjuncr FrancrPreue 

Preadent BID Cfintos arriving for a news conference Monday with William Perry, whom he nominated to be secretary of defense. 


rebuffed a French appeal to join with European 
stales in taking bolder action (o impose a peace 
settlement on the warring parties in Bosnia- 
Herzegovina. 

Warning that the Balkan civil war was ap- 
proaching a dangerous threshold. French lead- 
ers, in talks with Secretary of State Warren M. 
Christopher, urged the United States to exert 
new pressure on all parties to reach a diplomat- 
ic solution as soon as possible. 

In ihe absence of an agree mem, they said the 
United States should be ready to take more 
assertive military action in cooperation with the 
European allies to compel “Bosnia’s Serbs. 
Croats and Muslims to accept a lasting truce 
and the ethnic partition of their country. 

But Mr. Christopher rejected the French plea 
and insisted that the United States would con- 
tinue to remain aloof from Western Europe's 
gravest security crisis. He told his hosts that the 
United States would not back any effort to 
impose an accord and had no intention of 
expanding its involvement. 

Speaking after talks with Foreign Minister 
Alain Juppe. Mr. Christopher said die United 
States would “live up to its obligations" to use 
air power under NATO resolutions that urge 
the Serbs to stop the strangulation of Sarajevo, 
to allow Tuzta airport to be opened for humani- 
tarian aid deliveries and to permit the rotation 
of United Nations troops trapped in the Mus- 
lim enclave of Srebrenica. 

But he added, “As far as the situation overall, 
I haw to emphasize again that the United 
States is not prepared to put ground troops into 
Bosnia in order to resolve or impose a solution 
to the conflict there.” 

Mr. Christopher's message was repealed in 
meetings with Prime Minister Edouard Balla- 
dur and President Frames Mitterrand, leaving 
the French government deeply disappointed. 

(The president’s office said Mr. Mitterrand 
had told Mr. Christopher that France would 
soon put forward new proposals regarding the 
war in Bosnia. Reuters reported. A spokesman 
for the office. Jean Musiteili. said the ideas 
would be put on the table “very soon,” proba- 
bly this week.] 

Senior French officials said Mr. Juppe ex- 
plained to Mr. Christopher that France believes 
a catastrophic scenario is unfolding in Bosnia. 

The French foreign minister added that con- 
ditions for UN troops delivering humanitarian 
aid on the ground, including 6.000 French sol- 
diers, were becoming unbearable. By the end of 
winter, all 26,000 UN troops may have to 
terminate their mission and withdraw. 

With mostly Muslim forces loyal to Bosnia’s 
government gaining military strength and re- 
capturing temiory. France fears that the Serbs 
and Croats may soon activate their alliance and 
seek lo crush tbe Muslims. 

A French official who participated in the 
talks said: “Ai that point, the Muslims wUi ask 
the Americans to rescue them, and the United 
States will have to react to a truly geoocidal 
situation. That’s why it is important for Wash- 
ington to take a more active role now, before it 
goes that far.” 

Mr. Christopher argued that the Serbs were 
the principal culprits in the war and that any 
mfliiary effort by the Muslims to regain territo- 
ry was fully justified. 

He told reporters that the United States still 
favored lifting the ban on weapons deliveries 
because, he said, “We think the arms embargo 
has worked adversely wjih respect to the Mus- 
lims. in an unfair way.” 

The French, in cum. contend that lifting the 
arms embargo will only escalate the fighting 
and possibly expand the conflict to Kosovo ana 
Macedonia. 


Starving Siberians Get the Old Apparatchik Runaround 


By Fred Hiatt 

Washington Post Semite 

MOSCOW — While Boris G. Fyodorov, the reformist fi- 
nance minister, was preparing for the news conference where be 
would resign, a lonely supplicant waited forlornly in his office, 
hardly aware of the era ending around her. 

Tbe desperate women of Baykit, a Siberian settlement 2,000 
males (3,200 kilometers) east of the capital, had sent Tatiana 
Kuzmina, 35. to plead their case. Their town was suffering from 
temperatures at 75 degrees bdow zero Fahrenheit (minus 60 
centigrade) — tbeir apartments were so cold that spilled liquids 
immediately turned lo ice on floors. More important, no one in 


the ofl-driiling enterprise that is Baylrii’s sole support had been 
paid since July. Children were fainting from hunger, said Mrs. 
Kuzmina, the' mother of two. 

So all week. Mrs. Kuzmina, a computer programmer, had 

Hie resignation of tbe reformer Boris G. Fyodorov as finance 
minister was rejected by Russia's prase minister. Page 2. 

traveled from one bureaucrat’s anteroom to another, seeking 
the rubles that, do one disputed, the government owes her and 
her town. Sbe said she encountered little but high-handed 


arbitrariness, a government attitude that has persisted here 
since czarist days. 

Over the weekend, Mrs. Kuzmina flew home empty-handed 
to a daughter. 6. who cannot shake her whooping cough. And it 
was perhaps fitting that she did so as the last of the young, 
reformist idealists were dropping out of President Boris N. 
Yeltsin’s government, returning it to old-styJe apparatchiks. 

For the same bureaucracy that stymied Mrs. Kuzmina last 
week had defeated, swallowed or corrupted the reformers 
during the past two years. And. when sbe examines the sham- 

Ste CHAOS, Page 5 



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non ...USSi-50 U.5. Mi (EurJSUO 


The Fat of the Land k Eluding the Obese 


By Kara Swisher 

Washington Post Strike 

WASHINGTON — Evoybody know that tail men do better than 
short men, that homely people suffer prejudice while life’s lovelies 
prevail And if yon are very fat, you can pretty much forget about 
c&nbzng tbe corporate ladder to the top. 

While multitudes of laws against sat and race discrimination have 
bera passed, and based on those laws have flooded American 
courtrooms and resulted m multimUtion-doflar judgments, fights 
against workplace dtscrimmatian based ob appearance lave nor had the 

S8 ButWsiered by another federal law — the Americans With Disabil- 
ities Act, passed in 1990 — and several recent studies mafinamg 
ffwinmfe disadvantages suffered because of appearance, the issue of 
ir*4- c is taking its place in workplace discrimination cases. 

With a couple of important cases deali n g with fat people now 
wozfcfag their way through coons, and a push in a few slates IO include 
looks protections in cbil rights laws, many estpect such chums to 
become mere common. 

“This is a really live issue, aid Peggy Mastroianm, bead of the 
division charged with enforcing the Americans with Disabilities A a for 
the Equal Employment Opportunity Cbmnrisaoa, tbe federal agency 


that handles alle ga tion s of employment discrimination in the work- 
place. "Tbe more people understand the new law and also find other 
aveaues for relief, the more cases 1 think we are going to see." 

Last year, the commission strongly backed a 329-pound (148-kilo- 
gram) hospital attendant in Rhode Island in her victorious and prece- 
dent-set ling case where a federal appeals court upheld the right of some 
obese people to sue under laws that protect tbe disabled. 

While many see that victory —which could still be appealed —as a 
positive sign, the battle to make ihe workplace “looks-blind remains a 
toughfighL 

Desohe advances in the law, riv3 rights attorneys said it was hard to 
find dSnts who were willing to endure the :piesam» of a major court 
battle orwhohave strong enough cases on the basis of looks discramns- 
tion alone to guarantee that they would prevail. _ 

“It’s dear thatft’s unfair for people tobe ducnnupaied against 
because of how they look," said Laura Einstein, a awl rights attorney m 
wSringion. "Bui” she added, ’’it’s more unlikely that someone is 
going to say they were wronged because they are ugly. 

Discrimination because oFappearance u not exphaily 
under federal law, and only a few state and local law have “personal 

See FAT, Page 5 


Kiosk 

Arafat Seeks to Mend Ties With Fahd 


RIYADH (AFP) —The Palestine Libera- 
tion Organization leader, Yasser Arafat, met 
King Fahd hoe Monday for the first time 
since infuriating the Saadi monarch by sup- 
porting Iraq after the invasion of Kuwait 
A Palestinian diplomat described the en- 
counter, which included discussion on the 
PLO’s talks with Israel, as “very friendly” 

(toner*! News 

Abortion dude foes face anti-rackteering 
law. the U.S. Supreme Court roles. Page 3. 
For Los Angeles commuters, it was a long 
and winding road. Page 3. 


and said the king “expressed his support and 
that of his government and tbe Saudi king- 
dom for the Palestinian cause and people.” 
Saudi Arabia was the principal financial 
backer of the PLO before cutting off $85.5 
million in annual subsidies because of Mr. 
Arafat’s backing of Saddam Hussein in the 
Gulf War. 

Busiims/ Finance 

Boeing’s sales fdl last year, and it expects 
more of the same. Page 9. 

SAS said it does not need an alliance to 
prosper. Page 9. 


Book Review Page & Crossword Ptige 2& 

Chess Page 8L Weaker Page 18. 









* ■' J - r ■- * '■ ‘■■Xr.r .f: 




Page 2 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, JANUARY 25, 1994 


Under Assad’s Gaze, His Enemies’ Enemies Wait 


By William E. Schmidt 

New y«* Times Senior 
DAMASCUS — For all the talk 
of peace with Israel sod a new and 
more open relationship with the 
West, this ancient capital remains a 
city of shadows ana secrets, not 


nizatkms but also for both 
Arab leaden and rebellious Kinds. 

They work from offices on the 

side streets eS Damascus, where a- 
leni men keep constant watch. 

The Syrian capital is borne to 10 
hard-line Palestinian groups, most 
of than driven from Beirut about a 
decade ago, as well as to Kurdish 
na tionalis ts and Baghdad intellec- 
tuals who oppose the Iraqi presi- 
dent, Saddam Hussein, and Shiite 
Muslims who are foes of the Saudi 
government. 

For the last seven yean, the capi- 
tal has also provided refuge for Ali 
Nasser Monammed Hassam, the 
former president of South Yemen, 


who fled to Damascus after he was 
deposed by hard-Eae Marxists in 
1986, and who now often holds 
court at a restaurant in the rit/s 
fashionable Shaalan neighbor- 
hood. 

To some in the West, tolerance 
by Damascus for guerrilla groups 
and political plotters with whom it 
is sympathetic is evidence that Syr- 
ia is still supporting organizations 
that export violence. 

It is this relationship that per- 
suades Washington to keep Syria 
on its list of nations considered 
participants in state-supported ter- 
rorism and to enforce economic 
sanctions against the country. 

But while those ties loom as a 
major obstacle to improved rela- 
tions with Washington, diplomats 
in Damascus say President Hafez 
Assad is only doing what any 
shrewd Middle Eastern politician 
would do, given the constantly 
shifting. Arab politics: offering ref- 


uge to the enemies of his enemies, if 
only because it aflows him to keep a 
closer eye on them. 

Syria s internal security forces 
dosdy monitor the activities of die 
array of resistance groups and 
guerrillas based in the country, 
from the Popular Union of Kurdi- 
stan to the Popular From for the 
liberation of Palestine. 

“In recent months, the Syrians 
have effectively restrained these 
groups,” a European diplomat 
said, adding that Syria was restrict- 
ing their activities to distributing 
information, including radio 
broadcasts, and organizing politi- 
cal discussions. They are not al- 
lowed to undertake any military 
activity on Syrian soil. 

"But just by having them bene, it 
also gives President Assad a strong 
card,” the diplomat continued. "It 
gives him the ability to undermine 
— “’■TJg he doesn't like." 

a's future relationships with 


same of these groups, however, 
may be on the line as Washington 
presses Damascus to cut its ties 
with the hard-liners, especially 
groups like the Islamic Party of 
God or the radical Popular Front 
for the Liberation of Palestine, 
General Command. Both of them 
are continuing to carry out military 
operations against Israel in south- 
ern Lebanon and the occupied ter’ 
ritories. 

At the offices of the Democratic 
Front for the Liberation of Pales- 
tine, a basement warren of small 
rooms alongside a hairdressers’ sa- 
lon, Daoud Tathamy, the group’s 
urbane spokesman, said it was 
wrong for the West to blameSyria 
because there are Palestinian 
groups at war with Israel 

“The Palestinian opposition in 
Damascus, and other places, is part 
of the political map of the Palestin- 
ian people," Mr. TaQuuny raid. 
“To force Syria to dose us down 


will have no effect on the struggle, 
because the teal opposition comes 
from inside the territories them- 
selves, not from an office in Da- 
mascus.” 

Rather than foment intrigues 
and plot the overthrow of their 
borne governments, some of the 
Arab political eadfcs. taking refuge 

in Damascus have recently engaged 

in what Syrian officials describe as 
constructive activities. 

Shftflrfi Hassaa Saghar, the exiled 
leader of Saudi Arabian Suites op- 
posed to the Riyadh government, 
has used his Damascus base to seek 
accommodation with the govern- 
ment of Prince Fahd. 

In November, Mr. Hsssani, the 
former leader of Southern Yemen, 
became involved, at the request of 
officials in Aden, in efforts to me- 
diate growing political tension and 
violence in bis Conner country, 
which unified with Yemen, its 
northern neighbor, in 1990. 


Talks Adjourn 
For Study of 
Gaza Security 


Reuters 

TAM, Egypt — Israeli and 
Palestinian negotiators met 
for three hours Monday but 
at^ourned for the week to wait 
for their leaders to agree on 
security aspects of Palestinian 
sdf-nda 


The meeting dealt with allo- 
cating radio and television fre- 
quencies to an autonomous 
Palestinian authority tor the 
Gaza Strip and the West Bank 
town of . 


o. 


The talks in this Red Sea 
reseat have been overshad- 
owed by high-level contacts in 
Oslo, Cairo, Jerusalem and, 
next Sunday, in Switzerland. 


WORLD BRIEFS 


U.S. Plays DfliWn China Rights Moves 

PARIS (Renters) — Oama-look new steps Monday to stress U& 
human rights concerns, but Secretary 

qqfl it was- not yet enough to warrant renewal of preferential trade 

St M^Christopher, after tafla>flli Foreign Minister Qian Qfchcn,cafled 
the discussions “positive and constructive and annoonctti plans for 
mew high-level contacts, metodwg a possible mp to Bqpng by the 

agreed to disetira 235 ^edfic rights caiatm^by&e 
Americans, Mr. Omstopber said there was noprogrws on fteadeatBOI 
Clinton’s demand for release of anti-govgrmngm dgnamstmore jafled 
^ » \ qrq T tanairme n Square crackdown^Washingtra has threatened 
*‘g v - — • — - J J «*"*■«*" frwte statin unless ns concerns on 



wicl uie ivoy x wmaniuw . • 

to withdraw n^-favored-nation trade status unless ns concerns os 
human rights are satisfied. 


IianAwairadfnSl^irigofBakh^ 


PARIS (AFP) —A prosecutor's report says that Tehran s mtd%nce. 
service was directly involved in the August 1991 yras Mi wtim iira rl^ris 
of a former Iranian prime trimster, Shahpur Bakhtiar, a source fanufiar 
with the document said Monday. 


Russia Seeks to Keep 
Reformer in Cabinet 

Resignation Is Rejected 


By Steven Erlanger 

New York Times Service 

MOSCOW — The search for a 
finance minister took on absurdist 
proportions Monday, as Prime 
Minister Viktor S. Chernomyrdin 
met the recalcitrant reformer, Boris 
G. Fyodorov, and said that his res- 
ignation was still not accepted. 

Mr. Chernomyrdin was said to 
be surprised and upset by the nega- 
tive reaction in the West to a new 
Russian government without its 
bait-known market reformers, Ye- 
gor T. Gaidar and Mr. Fyodorov, 
who fought to restrain excess 
spending, credits and inflation. 

Mr. Chernomyrdin is said to 
have appealed urgently to the In- 
ternational Monetary Fund not to 
postpone a scheduled high-level 
visit to Moscow this week to dis- 
cuss new loans, and the IMF has 
agreed Co come despite the lack of a 
finance minister, senior Western 
diplomats said. 

They said the IMF decision was 
apparently made in order to keep 
good relations with the new gov- 
ernment. But some criticized the 
move, saying it would engage the 
IMF in domestic Russian politics 
and might undermine the agency's 
perceived commitment u> lower in- 
flation and budget deficits as nec- 
essary conditions for further loans 
to Russia. 

Mr. Fyodorov, who has twice re- 
fused to remain as finance minister 
under current conditions, did not 
meetTresident Boris N. Yeltsin on 
Monday, as had been expected. But 
in his conversations with Mr. Cher- 
nomyrdin, Mr. Fyodorov was said 
to be seeking an enhanced rank of 
first deputy prime minister, with 
full financial responsibility over 
government policy, and the dis- 
missal of tbe central bank chair- 
man, Viktor V. Gerashchenko. 

Mr. Fyodorov was said to fed 
that his bargaining position had 
been improved by his refusal to 
join the government last week, 
which had surprised Mr. Cherno- 
myrdin. He wants to ensure that if 
he lends his credibility with West- 
ern governments and institutions 
to the new government, he has the 
power to do his job. 


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Mr. Yeltsin, who met Monday 
with the last well-known reformer 
in the cabinet. Privatization Minis- 
ter Anatoli B. Chubais, is said to be 
reluctant to dismiss Mr. Gerash- 
chenko, in pan because be does not 
want a confirmation fight in the 
new Duma, which is dominated by 
a loose coalition of ultranational- 
ists and Communists. Mr. Cherno- 
myrdin, officials said, is more will- 
ing to sacrifice Mr. Gerashchenko, 
although he may be betting on Mr. 
Yd tan’s reluctance to do so. 

Mr. Yeltsin was said by officials 
to be slightly depressed and even 
apathetic in recent days. He has 
developed a pattern of periods of 
intense activity around crises and 
big events, Hke summit meetings, 
followed by periods of Lassitude. 

Mr. Chernomyrdin, before flying 
to Orel in central Russia, met Mr. 
Yeltsin for 30 minu tes and later 
said that “the new government has 
only just started work and people 
are already burying it" 

He said be bad no differences 
with Mr. Yeltsin, that his govern- 
ment would continue tough audit 
and financial policies and that “the 
cabinet does not intend to grant 
credits easily." 

But he also said the government 
would pay its obligations to farm- 
ers and others, Much Mr. Fyo- 
dorov had resisted as inflationary, 
and talked again of using “non- 
monetarist methods” of fighting in- 
flation, like negotiated wage and 
price controls. 

According to Western diplomats 
and bankers, tbe previous govern- 
ment delayed paying obligations in 
amounts of up to 6 trillion rubles 
($4 billion) late last year. That is 
nearly 10 percent of gross domestic 
product and would be highly infla- 
tionary if paid in full 

Alexander K. Zaveryukha, the 
deputy prune minister For agricul- 
ture, said during the weekend that 
the cabinet planned to spend 14 
trillion rubles on agricultural subsi- 
dies in 1994, which is said to be a 
rise of at least 7 percent over 1993. 

“This is fuQy within the scope of 
our state budget," he said. 

The draft 1994 budget was not 
released Monday as scheduled. 

Gang inflation and the budget 
deficit, (he new economics minis- 
ter, Alexander Shokhin, said Mon- 
day that Russia would not soon be 
able to meet IMF conditions for a 
second loan of 51.5 billion. 

In Paris, a spokesman for Secre- 
tary erf State warren M. Christo- 



Oh| I hrin m i d i nW Amxlmd Prm 

SOMALI BANTUS STRIKE BACK —Somali Bantus chasing an ethnic Somafi who tried to disrupt a Boom meeting Monday 
with g grenade in a village near Mogadishu. Somafis are trying to dispossess the minority Bantus from their agricultural feral 


lilt iUAAu oui/unuvM iv o : — # . 

Iranian service had proridcdlorotical assistance to those who earned om. 
itw» trflKng erf Mr. Bakhtiar amfiris secretary in a Pa ns subu r b. ^ r 
Thr TT?nB^Fmha«CThereinimei!Gat^dmhdti«dMige,5tymgthtt 
f chrym iwArnitri “an terrorist actfaL^Fora people have been charged 
m the killings, and three are m otstpdjr. ; 


Italy Arrests Industrialist for Fraud 

ROME (Reuters) -- Gaetano Mandril former dnwnnan of Italy's 
failed state hol d i n g company EFIM, was arrested Monday, on suspicion 
of fraud and false accounting, the police said. ' 

. onto the 


Mr. Manrini. 70, chairman 


group went into 


m 



co mmitting the same offenses. 

EFIM, which was Italy’s third-laigest state baking company, con- 
trolled mare than 140 companies ranging from aerospace companies to. 
car w indshie ld makers when it was put into liquidation with 517.5 bOHrni 
of debts. •• ‘ 


Former Greek Bank Leader Killed 


ATHENS (Renters) The framer chairman of Greece's largest 
commercial bank died 12 hours after being shot four times at dose range 
by & leftist goemfla group- " 

tn a statement sent to the private SKAI tdevision station, the group, 
known as November 17, said it shot Mihaiis Vzazroponlos for “high 
treason” tied to the purchase of the stato-rariied HexacteS General 
Cement Company nr 1992.- s 

Mr. Vranopoulos, 48, was the rlyrirman of the stato-nm National Batik 
of Greece worn it teamed up with Italy’s Caleestnxza and bpugfit 10 
percent of Heracles fra 5225 nriUion. November 17 said lock-backs 

Greece's tiW-niling conservative government. 


'j 


ion 


Bonn Rethinking Its EU Contribution 


Reuters 

BONN — Finance Minister Tbeo Waigd 
called Monday for a review of Germany’s con- 
tribution to European Union coffers, and op- 
position Soda! Democrats said the generous 
rebate to Britain should be scrapped. 

Bonn has long been Europe's main financial 
source, contributing about 28 percent of total 
EU funds, but mounting budget difficulties 
since Ge rman reunification in 1990 have caused 
the central bank, the Bundesbank, and others to 
call for cuts. 

With opinion polls showing German enthusi- 
asm for the European Union on the wane while 


social services are being cat and taxes increased 
at home; EU contributions could become a 
major issue in an election year. 

Germany also feels aggrieved because it has 
provided the lion's share of Weston aid to 
Eastern Europe and to the framer Soviet 
Union, more than all its EU partners pot to- 
gether^ _ , .. . 

A spokesman acknowledged that any 
changes in the formula, under which Germany 
makes (be largest net payments into EU coffers 
while Britain gets a two-thuds rebate, would 
require the consent of all 12 member countries. 

The Bundesbank said Gennady's net payout 


Chirac Mdves toGraspNomii 

PARIS (Renters) —Jacques Chirac, the Gaoffist maycrof flans andja 
f ramer prime mmistet, was reprated Monday to be moving to sew up hb 
party’s aonsnatian for the 1995 French presidential election before the 
tide trims m favor of Prime Minister Edonaid BaBadnr. \ 

. The rmwspoper Liberation sakf Mr. Chirac; 61, traffiog to behind Mr. 
BalLadnr, 64, in opinion polls, had decadedJpbring forward the RaOyftyr 
the Republic's congress to Tune from September ro proclaim his own 
candidacy. 

A senior party official cast doubt on the report, saying it could bepaft 
of a whispoting campaign by qjponents to portray Mrr Chirac asift 
desperate man in a hurry. But the official acknowledged that tbe worship 
of Mr. Chirac’s announcement that he.would not laid the co ns erv ati ve 
campaign fra the European Fatiiarnentdeozanshi Jane had made dear 
that Mr. Chirac was coacm tra t u ig(mtl»presk ie ii t M l camp”gn. [ 


to EU budgets had risen from 103 bflfion 
Deutsche marks (56 bflhou) in 1987 to 22 M- 
lion DM in 1992 and would rise to 30 billion 

Britain's success in obtaining and holding DefilOodk OD North Kftfftfl Ollg prs - 1 
onto a rebate of 66 percent of the excess of its .■ ■ <?. , .* 

contributions to theEU over its receipts in- . ,1?^^ 

rm^dvTmWwmr^Bamr . ■ talks vtih the International Atomic Energy Agency on Monday on the 

DM ayear 

granted to Britain in 1985 is no longer justi- r -y', ri .gyV, „ m ■« 

fieri,” said Ingrid Matthaeos-Maier, <^P<ity-' 

leader in parhameni of Germany’s^aalDmi- >- man, DavM. Kyd. ^They wffl bo-hade tQmonow v ,we luyew^more 
ocratic ho^tol lake power in ^ ^ atcs 

national elections in October. ' 

produced a few crude devices. 


rear bombs mid may already have 


U.S. Expert on Russia Reassures Senators 


Correctiou 


By John M. Goshko 

Washington Post Service 

WASHINGTON — President 
Bill Gin ton’s senior expert on Rus- 
sia, Strobe Talbott, sought on 
Monday to assure anxious senators 
that President Boris N. Yeltsin had 
not abandoned refora, and he de- 
nied that the administration's sup- 
port of Mr. Yeltsin had caused it to 
ignore other democratic forces in 
Russia. 

“We have said from the very be- 
ginning that we are supporting not 


a political leader but a process, 
pher said he had agreed with the- said Mr. Talbott, the UJS. special 
French foreign minister, Alain ambassador for Russia and deputy 


iign 

Juppt, about the need to continue 
financial support to Russia. 

“Aid to Russia is gong ahead,” 
said the spokesman, Richard 
Deque. “I beard no one call it into 
question.” 

It seemed another example of the 
State Department in some conflict 
with the Treasury Department, 
whose officials have said that Rus- 
sia’s chance of getting new IMF aid 
was practically mL 


secretaty of state-designate. 

Testifying before the Senate Ap- 
propriations subcommittee on for- 
eign operations, he acknowledged 
that the cause of Russian reform 
had been buffeted in recent months 
by the clash between Soviet-era 
members of parliament and the 
Yeltsm government, the election of 
large numbers of rightist ultrana- 
tionalisis to the new parliament 
and the departure last week of the 


most prominent reformers from 
Mr. Yeltsin’s government. 

“Some in the West are concerned 
that what has sometimes been 
called the second Russian revolu- 
tion has faded, that counterrevolu- 
tion has set in, and that Russian 
reform is a lost cause,” he said. 

"That is not our view,” Mr. Tal- 
bott said. ‘The forces of reform are 
down but not out” 

He said the administration be- 
lieved that these developments bad 
underscored its view that “a titanic 
struggle is under way in Russia 
over the future of that country,” 
that tbe United States bad “a huge 
stake in the outcome” and that it 
must be prepared to continue its 
moral and financial support of de- 
mocratization and reform “for 
years, indeed decades, in some 
cases for a generation or more.” 

During 1993, Mr. Talbott con- 
tended. applying those concepts to 
“the rial world” meant supporting 
Mr. Yeltsin. He also rejected 
charges by some senators ihai such 
Yeltsm actions as ordering troops 


Pray da Suspends Printing After Collapse of Partnership 


Reuters 

MOSCOW — Pravda said Mon- 
day that it was suspending publica- 
tion after the acrimonious collapse 
of its partnership wiih a Greek mil- 
lionaire and that it expected to be 
off the streets fra several days. 

The newspaper, for decades the 
mouthpiece of the Soviet Commu- 
nist Party, angrily accused its 
Greek partners of seeking a take- 


over bid and said that Pravda had 
to stay Russian. 

“We are going to get a legal di- 
vorce from our partners and then 
go into a new alliance,” said Vikior 
Linnik, the editor in chief. 

In September 1992, a Greek 
magnate, Yannis Yannikos, 
stepped in to save the paper from 
financial collapse. He held 55 per- 
cent erf capital of the joint venture 


5lod; company called Pravda Inter- 
national, with the newspaper hold- 
ing tbe rest 


Mr. Linnik predicted that the. 
publication would not be available] 
“for days, rather than weeks" until 
a deal was worked out with a new 
consortium of ent re preneurs. Mr. 
Linnik declined to identify the new 
potential partners. 


to fire on the parliament and then 
disbanding parliament and the 
constitutional court were sign* of 
an authoritarian rather than a dem- 
ocratic approach. 

He sard that U.S. backing for 
Mr. Yeltsin “has by no means been 
automatic or reflexive." 

“At each critical moment,” he 
said, “we asked ourselves whether 
he was taking a step toward or 
away from democracy. Our ‘ 
meat, which we fed has been 1 
cated, was that be acted for democ- 
racy." 

But be stressed repeatedly that 
the administration would watch the 
Yeltsm government's actions care- 
fully. And, be added, the United 
States has been especially firm in 
urging Mr. Yeltsin to stand firm 
against inflation despite calls fra 
earing tbe pain that economic aus- 
terity has caused. To slow the pace 
erf reform and continue to prop op 
inefficient Communist-era indus- 
tries only would prolong the suffer- 
ing, Mr. Talbott said. 

His remarks seemed directed at 
Prime Minister Viktor S. Chemo- 
myntin’s recent remarks that his 
government intends to abandon 
what be called “market romanti- 
cism” and boost production in old- 
style heavy industries established 
in the Communist era. 

He said that at the summit meet- 
ing in Moscow two weeks ago, Mr. 
Ydtsin “vowed that he wtnud keep 
reform going full-speed ahead,” 
and Mr. Clinton promised to use 
UjS. influence with the West’s ma- 
jor industrial nations and interaar 
tional lending institutions to inxen- 


fjmt pcial support for Russian 
ram. 

“President Yeltsin needs to have 
confide nce that if he continues to 
press forward on a strong economic 
reform program, Western support 
will be swift and substantial, Mr. 
Talbott said. “Bat be and his col- 
leagues must understand tbe canse- 
and-effect relationship between in- 
ternal reform and outside support. 
Our support will follow thar re- 
frain. It cannot be tbe other way 
around.” 


Because of an editin^arra, an article from Paris in Monday's editions 
on the devaluation of theCFA franc in Abies amdeuuGed Ibccqymht, 
which CFA stands for Coopfeaiion Knandfcrc cn Afrique. Hie region is 
Central Africa. 


TRAVELUEDATE 


Strike Threatens Spanish Transport 

MADRID (Reuters) — Unions and government transport officials 
failed Monday to agree an what mm mn un services would operate during 

ageneral stiff — - ** - - * 

policy. 


Ariane Failure 
Strands Satellites 


Reuters 

KOUROU, French Guiana — 
Europe's 63d Ariane rocket, which 
was carrying two French-made sat- 
ellites, failed to reach orbit after 
being launched Monday, space of- 
ficials said. 

“The third stage stopped work- 
ing in flight," Charles Bigot, presi- 
dent of Arianespace, sakf. 

The failure was the first after 27 
straight launching successes. 


1 percent redutaions. The unions hope to dose schools, stores, 
media and government offices m a protest pver govennneni plans, to 
restrict wage growth as a^ ^way to bolster enmktyinent. . 

The two sides did reach agreement on mm im n i n services fra sea and 
road transport, na t i ona l flights and forports and airports. The Transport 
fr fcust ry said international flights woukf operatc at 2 2 percent of normal 


The US. S^reme Coart declined Co rein in the fees ahporty charge to 
aixBnes fra using runways, pa<«fngrr» <-rfTTmat)c »rwt nihwscnrices By a 1- 
to-1 vote, tbe coart ruled Monday dm alederai tew Ttqukwg such fees to 
be “reasonable” gave airports tbe discretion to decide how ranch to 
charge. Only new regulations imposed by the federal gov e r n ment can 
limit that discretion, the court sai<L . ■ 



Reuters 

OSLO — BjOrn Tore Godal, 49, 
formerly trade and shipping minis- 
ter, was appointed foreign minist er 
on Monday to succeed the late 
Middle East peace broker, Johan 
JOrgen Holst, who died Jan. 13. 


Monday. The offer is conditioned an- Israel receiving the same odds, 
Transport Minister YIsrad Kessar’s office said. (AP) 

Air FVaince has nnrefle* a new imerior design by Andrte Putnam fra the 
supersonic 03raxttde, aniBximirec»ing passengers relaxed as they streak 
w ^ Ailan^^ tah (U60 -mph). The decoration will cost 53 
mflfion francs ($930,000) for five of the airime's seven Concordes. (APy 
About 40 MKxot of robbery reports ffledby foreign tourists in Rio dc 
Jaoeuu xnty.be fa lse, mestiv fifed to. cofiect msurance money what the 
tourists return hrane, according to police officials. They said'most of the 
false reports are for cash and cameras and vidw equipment. ( XffJ 






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INTERNATIONAL HERALD TRIE LIVE, TUESDAY, JANUARY 25, 1994 


Page 3 


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* POLITICAL NOTES* 


Prarideirt 8tert> Yw 2 on ffigh Hoteln PoB 

WASHINiji'uN — Rising frafy^n ^ -^ rimigrri nn^ ft?! { m ji r wiwj 
personal standing with the American people ate ^ayting President 
Bin CSnloa. into his second _year on a high note, according to the 
lat^Wa^iiztgi^I^rABCNesrap^Sor^th^UlhtleinSca- 

lion that controversy crow hjy W twt^ pyffr h ronpyi riyplmgs has wwft 
much of a dpud over him or his wife, Hillary Rodham Clinton. 

The survey, completed Sunday of 3 >507 randomly chosen people, 
showed Mr, Ctinuat tending thermos hemade toward the end of the 
1 993 congressional session. He moved up in the pubHc estimate of 
his foragn^pohey skills — likdy as a result of has trip to Western 
Europe and Russia early this month. 

Qp the ewe of the presdent’s State of the Union address, 60 
percent -of those polled have h favorable impression of him, his 
highest score since his inacrguraiion a year ago, and 55 peroent have a 
favorable view of Mrs, Clinton. By contrast, two leading opposition 
figure, the Senate miuority leader. Bob Dole of Kansas, and the. 
former independent presidential candidate Ross Perot, have favor- 
able scores of 38 and 32 percent. 

The Stiue of the Union address wfllbe televised live by CNN at 9 
PM. eastern standard tune; Tuesday <0200 GMT Wednesday). 

A 44 percent plurality of those poOed said the economy was 
only Iff pot 


improving, while only 
the sentiment that 


t saw it worsening : — a reversal of 
fed daring 1992 and most of 1993. - 
As a result, approval scores for bis handling of the economy have 
climbed back into the positive range he enjoyed in the early months 
of his presidency and hisovcaraB approval scrap — 56 percem — is in 
positive tenitory for the fifth sttaight month. ' 

His approval score ■for' foreign affairs, which languished when 
attention focused on U JS. troops in Somalia last fall, has bounced up 
to 54 percent. fWPJ 

■Judge Ortforn Pacfcwood to Turn Over Ptori— 

WASHINGTON — A federal judge ruled Monday that Senator 
Bob Packwood most tom ora: his Varies to the Senate ethics 
committee, which is investigating allegations of sexual misconduct, 
obstruction and witness jnmnklation. , 

The USt District Court judge, Thomas Penfidd Jackson, ac- 
knowledged that. the material sought by the committee was “ex- 
tremely personal and private in nature." • 

But he said the aHUmittec, which subpoenaed the diaries, would 
review the materials in a manner that “respects Senator Packwootfs 
legitimate expectations of privacy and is, therefore, reasonable” 
under the fourth : Amendment to the US. Constitution. 

to be prorilteiThe JariraOTrrratly are^in- the court’s custody. 
Bobbi Munson, Mr. PaAwoocT&prcss secretary, said the senator had 
oo immediate comment an the ruling and would have none until he 
had reviewed it with Ins attorney, Jacob Stem. 

The Justice Department also has subpoenaed the diaries for a 
criminal investigation of Mr. Pacfcwood. The judge did not address 
the department.m ins ruling, most Hkdy because the department 
joined the Senate’s lawsuit for , the diaries by filing motions in secret. 

Mr. Packwood already has given the committee copies of diary 
entries From 1969-89. BuThis cooperation ended when ft t panel 
> found entries that raised questions about whether Mr. Packwood, 
Republican of Oregon, used his offer to /benefit lobbyists and 
businessmen wbocccredhiswifea job. . 

The committee demanded the diaries to consider whether to 
J . expand its probe to include the job offers, which also are the foens of 
the Justice Department probe. _ 

The committee is investigating allegations that Mr. Packwood 
made unwanted sexual advances to more than two dozen women, 
tried to intimidate some of his accusers and attempted to obstruct 
‘ the inquiry by altering the diaries. (AT) 

OmoI*/ U nquote 

i David pres&dential 
1 didn’t set any 
Qg, but we had awonder- 

m 


retreat, cross-country siding and] 
Nordic reoords yesterday moss-country ) 


Ruling Throws Racketeering Law at Abortion Clinic Foes 


By Linda Greenhouse 

,Vpir York Tunes Sm icr 

WASHINGTON — The Supreme Court ruled 
unanimously Monday that abortion clinics can invoke 
the federal racketeering law to sue violent ami-abor- 
tion protest groups for damages. 

The opinion, written by Chief Justice William H. 
Rchnquist, gives abortion clinics a potentially power- 
ful legal weapon, including the prospect of triple 
damages, to combat and possibly to deter the violence 
that has made it increasingly risky and expensive for 
disics to nay in business. 

The decision reinstated a lawsuit brought by the 
National Organization for Women that charged Oper- 
ation Rescue and several other groups and individuals 
with r unning a nationwide conspiracy to drive abor- 


tion duties out of business through a campaign of 
intimidation, bombings and other violent acts. 

Abortiou-rigbls groups hailed the ruling as a signifi- 
cant victory, although their lawyers cautioned that the 
task of proving the lawsuit's allegations still lay ahead. 
While there is no doubt that bombings, vandalism, 
harassment of staff, and other acts have occurred, the 
plaintiffs have to prove in court that the acts were part 
erf a “pattern of racketeering activity" -undertaken by 
the groups and individuals named in the fcrawit. 

Anti-abortion groups condemned the court for “a 
vulgar betrayal or over 200 years of tolerance towards 
protest and civil disobedience.'' as Randall A Terry, 
the founder of Operation Rescue and a defendant in 
the lawsuit, said Monday. 

Two lower federal courts in Chicago had dismissed 
the lawsuit on the ground that the Racketeer-Influ- 


enced and Corrupt Organizations Act the federal law 
more commonly known as RICO, applied only to 
activities motivated by a desire for economic gain. The 
defendants’ actions as described in the lawsuit were 
“reprehensible" but had a political and ideological 
motive rather than an economic goal, the U.S. Court 
of Appeals for the 7th Circuit concluded in dismissing 
the smi in J 992- 

But Chief Justice Rehncjuist said Congress had not 
required an economic motive when it passed the racke- 
teering law in 1970. Noting that an economic motive 
requirement was “neither expressed cor. we think, 
fairly implied" in the law . the chief justice said: “We 
believe the statutory language is unambiguous." 

The decision. National Organization, for Women v. 
Scfcd tiler. No. 92-7S0, was the latest in a long list of 
Supreme Court rulings to give a broad interpretation 


to the RICO law. which Congress originahy passed to 
combat the infiltration of legitimate businesses by 
organized crime. The law quickly became popular as a 
useful tool in business disputes and other contexts far 
removed from organized crime. 

The court has expressed discomfort with this deyel- 
opmem but has frequently declared that any limita- 
tions in the vaguely written law had to be placed there 
bv Congress and not by federal judges. It was evident 
when the court heard arguments in the case last month 
that at least a majority of the justices was prepared to 
let this lawsuit proceed. 

RICO make, it illegal to conduct the “affairs" of an 
"enterprise" through a “pattern of racketeering activi- 
ty.*’ A pattern is established by proof of at least two 
actions that violate any of a itst of state and federal 
crimes: an actual conviction is not necessary. 


Some Cruise , Some Lose on L.A. Freeways 



CumpM b- Oar Staff From Dapaiehn 

LOS ANGELES — Commuters poured onto 
a crippled freeway system Monday, testing a 
patchwork of repairs and detours that engineers 
hoped would ease the gridlock brought by last 
week's earthquake. 

Many commuters, opted to stay home last 
week to wait out the traffic jams of repair their 
homes. But by Monday, as the city struggled to 
return to normal, more people ventured out to 
resume their routines. 

While early traffic through one bottleneck 
north of Los Angeles moved faster than expect- 
ed, highways and surface streets on the city's 
west side were jammed as motorists made their 
way around several breaks in Interstate High- 
way 10. 

Train service helped ease the crunch for com- 
muters from the Santa Clarita Valley. 25 miles 
(40 kilometers! northwest of Los Aneeies, but 
there were no rails for west side commuters to 
ride. 

Residents of the city's distant northern sub- 
urbs have been forced” to take narrow frontage 
roads through mountain passes. Virtually all of 
those routes funnel into the main bottleneck at 
the point of a m ucb-phol ograp hed freeway col- 


lapse — the interchange of 1-5 and Highway 14 
about 25 miles north of downtown. 

Transportation Secretary Federico F. Pena 
had predicted backups of 20 to 30 miles in that 
area on Monday, which is down to half ns 
normal capacity of 275,000 cars. Early traffic 
flowed smoothly, but the backup built through 
the morning, 

"It’s a lot better than TV said it would be." 
said Tom Bateman said of the drive from the 
north. He rode with a friend from Santa Clarita 
and made it to work at a rocket engine plant in 
Cancga Park in 45 minutes. Thai was a vast 
improvement from the nightmarish four hours 
similar commuting took last week. 

The year-old Metrolink train system added 
routes in hopes that disaster would succeed 
where public relations had failed and lure com- 
muters in this automobile Mecca out of their 
cars. 

Scott WtUens. 38. a garment district worker, 
said he found his first ride on the train an 
enjoyable one. But he said be worried about not 
having his late-model Honda for emergencies. 


Basically your wings are clipped." he said. 
“In California, your car is your freedom. 

Mr. Pena rode the Metrolink train Monday 


on its inaugural run from Lancaster. 40 miles 


north of downtown in the Antelope Valley. He 
emerged at Union Station to report estimates 
that train ndership bad doubled for the day to 
more than 20.000. 

But the train system was not without its 
problems. 

“There was such a mob scene In Santa Clar- 
ita ,” said Kent Cahill, who works in the district 
attorney's office downtown. “You can’t even 
get near the platform to get your ticket 
stamped. The train was leaving with empty 
seats, and there were lines of people waiting to 
get their tickets punched.” 

Commuters face a sterner test Tuesday, when 
all but about 9.000 of the 640,000 students in 
the Los Angeles Unified School District are 
scheduled to return to classes. 

The quake, which Jan. 17 and measured 6.6 
on the Richter scale, is being blamed for 57 
deaths. Aftershocks as strong as 4 3 on the 
Richter scale kept the city on edge over the 
weekend. 

The Red Cross was sheltering 10,500 people 
in schools, gymnasiums and tents. An addition- 
al 4,400 people were in tent cities put tm by the 
National Guard and run by the Salvation 
Army. 

(AP, Reuters) 


Designing for Looks 
Weakened Spans 

Y-Shape Prevented Movement 


. .; A . ; •... — , . • . 

■' ■ I "-■■■ • • •' • • • ■ . • ••• 

Krai Smao/Tbr Auocurrij Ptra 

Los Angeles-area residents stuck to their routine on a beachfront 
path as an earthquake-loosened house loomed mi the cliff above. 


'Clinton’s 1-2 Piikch: Health and Crime 


t?- 


By Gwen -HSU 

A few York Times Soviet 

WASHINGTON — In Ms State of the 
Union address mv Ttresday, President Bill Chn- 
‘-•lon will try to defuse criticism of his health care 
' plan and make a new .bid far middle-class 
- support by emphasizing themes such as the 
need for mare individual responsibility and 
federal action against crime, according to odes^ 
The Ofcnan speech is^capec^toindude 
major initiatives. But aides consider this ad- 
— dress pivotal and said that the president would 
move beyond the economic security issues be 
concentrated on lan year. 

This year's address, which wilt be Mr. GBnr 
'‘ton’s first State of the Union address, will 
^■'instead focus cm the fight for qniycraa l health 
' " coverage, crime control, worker retraining and, 
.10 a lesser degree, restructuring of welfare. . 
hi addition, in an effort to demonstrate that 


he cm be as tough cm crime as any Republican, 

Mr. CKntoa is expected to endorse a provision 
of the Senate’s crime bin that would require 
those who are convicted erf three violent lelo- 
niesto be sentenced to prison fox Hfe. 

That measure, sponsored by Senator Trent 
Lott, Republican of Missisapra,appHesonlyio 
convicts who commit the final crime on federal 
property. Although its application would be 
narrow, its significance is symbolic, as gover- 
ness in several states are proposing similar 
provisions. 

In endorsing that idea, Mr. Gin too will join a 
host of Senate Democrats who approved h in 
November, but at tbs same time ne wQl place 
- himself in. opposition, to Democrats in the 
House who oppose h.^ The president has praised 
some provisions in the Senate le g i s la ti on, such 
as s banon assault wsapons. but has not taken 
a position cm the entire tffl. 


Crime measure are not the moat significant 
dements of Mr. Clinton's domestic goals or of 
the speech the president mil deliver. Health 
care remains the administration’s highest prior- 
ity, but aides said the references to crime have 
expanded in the text in response to the polls 
showing it outpacing even health care as a 
matter of public concent. 

The pattern that is emerging for Mr. Clin- 
ton’s address draws heavily on one of his favor- 
ite themes: that the United States can prosper 
only if its citizens rdy less on government and 
more on themselves. 

Mr. Gin ton’s advisers hope that such an 
approach will deflect Republican criticism that 
ms health care plan would give government too 
big a role in personal chokes. They also hope it 
wfil calm congressional liberals who worry herw 
a government run by a self-described progres- 
sive Democrat can be more active when it has 
less money to spend. 


Q & A: Congress Is Key to a Make-or-Break Year 

hr made up of Republicans. So. 
that’s going to happen again and 


Stephen Hess, a senior fellow 
at the Brookings Institution, is 
~tme of Washington ’s leading ex- 
perts on domestic politics and 
' Congress. In the run-up to Presi- 
dent Bill Clinton’s State of the 
v XJnxon address on Tuesday, Mr. Q. What will the emphasis on 
} Mess spoke to Paul F.Hervitz of brahh care do to the .priorities in 
Ham Tri- oto^ ^ ¥ cm n c, J ob_at- 


walk and chew gum at the same 
time. 1 think not only could they 
deal with two major issues, but that 
the two walking in' tandem would 
be more hkdy to define the New 
Democrat that KB Clinton chums 
he is. 


-bune. 

Q. What do you think t he Q in- 
ion administration will attempt to 
' Mcomptish in 1994 in the domestic 
area? 

I it seems ftwtifcpresid® 01111 ^ 

‘there are so many interests m~ 
Sed and it affects evwy Ameor 
"can Whatever comes ont a* -not 
• rr 1 : -j. in^whateoessL 


■'SStfSdSJ he and fte 
i-ratir Congress have to be itMe to 

^ The whole point of tM 1992 
t /ymp aien was to aid gntflock, to 

• record W he£sast 

:in some 


i 


* 


fair chance that 1994 will have a 
much more balanced administra- 
tion in terms of domestic and inter- 
national attention. Certainly Bill 
Clinton came into office trying to 
keep international relations on the 
bade burner. 

In part, he was unable to do that, 
because the world is a dangerous 
place. The importance of his recent 
trip to Europe is not in the Europe- 
an exposure to Bill Clin ton, butB£Q 
Clinton’s first sustained overseas 
exposure to the rest of the world. 

And if he’s Hke past presidents, it 
should start to intrigue him. It’s 
intellectually challenging. Especial- 
ly if he gets more and more tied up 
with wnat used to be called the 
nattering nabobs in Congress, the 
leeway he is given in international 
affairs starts to look very attractive. 

Tm hoping that one of the les- 
sons for Bill CEm tan of 1993 was to 
have a more balanced administra- 
tion. It was very importantly a 
learmngyear — on fhejob training 
—for Bill Ginton. 

’ Q. One of the views that has 
emerged as the year-end reviews 
come in on the president is that be, 
in s sense, became a tool o! certain 
power brokers in Congress who 
wanted to advance their agendas 
and who affected the direction of 
poJfcy quite seriously. Will that 
conttime? 

A. Certainly one erf the lessons of 
1993 for BtQ CEnton was that we 
have co-equal branches Of govern- 

:tner BKUJl f v * 7^B«<abvtbefii« maiogue,iu»r.iDmK roe towny® ment, that the U.S. Congress is not 
>fairrojd<fef at ^?%^u he Hhe legislation passedwih be qtxfe con- the Arkansas legislature wnt large. 
; v68 r’s sesaoj ■ whca adatible. Having a party majority is not 

? judging line. Q-Isfte budget deficit political- enough. 

, halfway w w produce, fystmaliveasanisswai ibecoim- . la our system of government, 

. Now they reaU ^\h c list is health ny? Hew wiD tte presided pay fw where yoa can be elected virtually 
? and at the i°P 01 some of the things he wants to do on your own, without important 

,'care- . mean putting and maintain his position as a bod- _.amstitModes,as he was, then you 

i This ^ other prime get-cutter? have to build a constituency, in- 

* welfare ref®™* homer. And A. WeYegoing tohaveto see in deed a coalition, for every major 

^proposal m jetate. It part whatit roueezed out of the piece of legislation. He started to 
1 1 dunk freowy^L - Aeoiy that defense establishment That's a tag team that He learned it with the 
to be bas» ^ Lyndon question mark. North American Free Trade Agree- 

fte Congress Fon k Also, 1 should say dun there’s a ment, where his coalition was iarge- 

Jobnson said aooui 


substantial pan because 

i^dtonglSF 

N, «.n«biican administrations, 

* ESS 1 ^ initatioti wiB go out of the 

» the record dialogue. And fibink the 


atioc, the deficit, immigration? 

A. The crime biB is an easy one. 
That largely is the. tough bill that 
was left over from the previous 
Congress. There wiff be a crime bill 
that goes tbrorigh. / 

The economy is one of those 
things where a presid en t claims 
credit for oraything good that hap- 
pens on his watch, whether he’s 
rreptmsible for it or not, and like- 
wise gets the blame for il If we 
continue to get good -economic 
news, he’s tire beneficiary without 

twvlfng rmich fine - tiwimg 

There are a bunch of other re- 
formist-type pieces of bi giriwtloT 1 
on the agrnda: campaign rdeffm. 
lobbying reform, actualN icfonn of 
Congress. 1 think they'll be dtastt- 
cafiy watered down. 

Q. Tine is a view that Mr. Gtin- 
foa has to provide something Its 
the liberaLwmg trf ha paity, the 
Democms,toti^rothedectorate 
in tbe falL What wfll that be? 

..A. If the economy is 
an awful lot of the 


{t g gi U - 

Q. On health care, are we likely 
to see a very strong public relations 
campaign by the white House this 
year? 

A No question about it It seems 
to be a habit of this White House to 
suddenly be aware of a very impor- 
tant issue staring them in the face. 
NAFTA would be the perfect ex- 
ample. They drop everything else 
on the agenda. 


By Calvin Sims 

New York Times Service 

LOS ANGELES — Preliminary 
findings suggest that the columns 
on Simi Valley Freeway collapsed 
in last week’s earthquake because 
they contained an architectural de- 
ment known as flaring that pre- 
vented them from swinging back 
and forth as they were designed to 
do in a major quake. 

‘These .results are still prelimi- 
nary, but it appears that the col- 
umns would not have failed if fte 
flaring was not in place,” said lan 
Buckle, deputy director of the Na- 
tional Center for Earthquake Engi- 
neering Research in New York. 

The flares, which form a Y at the 
top of the column, are usually add- 
ed for aesthetic purposes and are 
not intended to add strength. 

As for the ruptures on older free- 
ways, engineers for the state of Cal- 
ifornia believe the reason is ample. 
The bridges and overpasses that 
toppled hid not yet been "retrofit- 
ted” to comply with tougher stan- 
dards for bracing the concrete col- 
umns. 

The two sections of the 30-year- 
old Santa Monica Freeway that FeD 
were scheduled to be retrofitted 
next month. Stretches that had al- 
ready bad their supporting col- 
umns wrapped in steel to reduce 
sway were not damaged. 

Newer highways that collapsed, 
like the Simi Valley Freeway, which 
had modem steel reinforcement 
and was outfitted with fte latest 
“earthquake-proofing” technology, 
were unknowingly bum on the pre- 
viously undiscovered fault that 
caused the quake. Because engi- 
neers did not know of the fault’s 
existence, they did not design the 
highway with the proper amount of 
sled arid concrete for it to survive. 

Teams of engineers and re- 
searchers from the National Insti- 
tute of Standards and Technology 
in Washington and ibe National 
Center for Earthquake Engineering 
and Research in Buffalo arrived in 
Los Angeles last week to begin in- 
vestigating the collapses. 


Away From Politics 


• One of Martin Lather King Jr.’s daughters told a Baptist church 
audience in Portsmouth that New Hampshire’s refusal to formally 
natw a holiday after her late father was “racist and separatist.” The 
holiday known elsewhere as King Day i* legally Civil Rights Day in 
New Hampshire. “It is past time for New Hampshire to join the rest 
of America,” Bernice King, 32. said. 

• An racer lost control of his Camara, killing an 8-year-old boy 

and injuring, five other spectators, authorities said in Jacksonville, 
Florida. Brent Dean Hutchinson. 33. was racing against a Thunder- 
bird on a makeshift track at an abandoned airport in front of about 
200 spectators when he lost control, said police. 

• Teenagers fired into a crowded roBer skating rink across from a 
otriioe station in Boston, lightly wounding seven skaters as about 2QU 
others scrambled for cover. The poliM arrested three youths and said 

the gunmen bir five boys and two giris, aged 12 to 17. 

• The father of a boy who said Mfchad Jackson sexuafiy molested 
him has been cleared of accusations that he tried to extort money 
from the singer, prosecutors announced in Los Angeles on Monday. 
The investigation began after representativesof tne popmusic star 
charged that the fSff fabricaicd the sex allmoons boause Mi. 
Jacklcm rebuffed his demand for 520 Aon to buy his aleno, Tlw 
boy£l4 years old The prosecutors office said m a statement that it 

BlgSSfa!BKS^S;tWSS5 

ass 5satsflSSSa«»!£ 

wife and son in Manhattan. The suspect, h£ 

caught because a cabdriver who witnessed the mme f^^hnn 
for five blocks, driving in reverse on a one-way street through 
~ ‘ lice quoted Mr. Wright as saying something 

bunra into him and don't say, ’Excuse me, so 
AP. NTT. Reusers 



Richard Wright, director of the 
institutes' earthquake research 
group, said that while it was too 
early to draw any conclusion, the 
state’s explanation of why some 
portions of highways toppled was 
consistent with what the U.S. gov- 
ernment has seen in other quakes. 

Asked if it was possible to design 
overpasses that could withstand the 
force of major quakes,' Mr. Wright 
.said, “1 am quite confident that we 
know enough about the behavior of 
structures in earthquakes that we 
can design them so that they sur- 
vive intact.” 

A report by investigators from 
the center for earthquake engineer- 
ing, found that fewer than 10 of the 
2.000 bridges in fte region sur- 
rounding the epicenter had col- 
lapsed. The report, which was re- 
leased by state transportation 
officials, attributed the low failure 
rate to “the impact of rigorous 
codes, an aggressive retrofit pro- 
gram and good design and con- 
struction practices." 

Still, fte report attributed delays 
in completing the work on 
strengthening fte columns and the 
awarding of contracts to a long- 
standing lawsuit brought by a 
union, fte California Public Ser- 
vants, that sought to prevent fte 
state s transportation department 
from using outside consultants to 
complete fte retrofit. 

Officials said they expect remov- 
al of fte highway debris will be 
completed within two weeks. 

At fte same time, state engineers 
are redesigning fte damaged por- 
tions of fte highways. Tbe designs 
win include steel rings made the 
support columns for better bracing, 
larger foundations and additional 
vertical piles for greater strength, 
and expansion joints tied to hinges 
to prevent fte roadways from 
bouncing off fte columns in a 
quake. In addition, fte engineers 
will use seismic reports from fte 
quake to determine how strong fte 
bridges and overpasses need lo be. 

In their report, fte independent 
engineers f ram the earthquake cen- 
ter in Buffalo said fte r columns 
that collapsed had broken off di- 
rectly below the flare, “indicating 
significant but unintended struc- 
tural interaction between the col- 
umn and fte flare. 

“This led to higher shear forces 
in fte column than expected in de- 
sign and to their subsequent fail- 
ure,” fte report said. 

The report said that fte use of 
flares was questioned in fte past, 
but that their behavior in fte quake 
was fte first evidence of **a prob- 
lem with this detail ^ 

James E. Roberts of fte state 
transportation department, said 
ftat fte flaring, which is found in 
about haiT of California’s freeways, 
contributed little if anything to the 
collapses of fte Sum Valley Free- 
way. which he said was located di- 
rectly above the fault. He said ibe 
flaring served only to stiffen the 
column, which would have sheared 
with or without fte design dement 

James Drago, a spokesman for 
fte state transportation depart- 
ment, defended the state’s retrofit- 
ting program, saying that it was on 
schedule and ftat there had been 
no delays due to budget cuts. 

Nigel Priestly of the University 
of California in San Diego, who 
specializes in seismic response of 
structures, said, “It is my opinion 
that fte columns would have sur- 
vived on these collapsed overpasses 
if they would have been retrofit- 
ted." 


Quake-Proof Bridges? 
Tokyo Calls It Luck 

By Andrew Pollack 

New York Tima Service 

TOKYO — When asked why highways and bridges in this 
earthquake-prone city had sot collapsed in recent earthquakes as 
they had in Los Angeles last week and San Francisco in 1989, experts 
cited not superior design or construction but mainly good luck. 

There have been many earthquakes here that registered a magni- 
tude of 6 or more on the Richter scale since most of Tokyo’s major 
highways were built. But fte epicenter has always been fairly far 
from the city or deep underground, which lessens their impact 

“The present standards of California and Japan are almost fte 
same.” said Hisanobu Ichimasu, director of design and research at 
-the Mettxipotim -Expressway Public Corp„ which -builds fte high-’ 
ways in Tokyo. 

But many Japanese assert ftat fte quality of their construction is 
superior,' and Mr.' Ichimasu pointed out that California still bad- 
many older highways, built before fte 1971 San Fernando Valley 
earthquake prompted the sure to strengthen its standards. 

Construction of fte freeway system here did not start until fte 
early 1960s. in preparation for fte Tokyo Olympics in 1964. 

Thai same year, a bridge collapsed into a river during a Niigata 
earthquake that measured 7.5 on the Richter scale, prompting Japan 
to strengthen construction standards. 

Mr. Ichimasu said he could not recall a bridge or elevated roadway 
that had collapsed since then. 

In Japan, he said, "how to resist earthquakes is fte first priority for 
any design.” 

Elevated roads here are designed to withstand five times more 
vertical movement than early California roadways, like fte 1950s- 
viniage double-decker freeway that collapsed in fte 19F9 San Fran- 
cisco quake. Current California standards, however, require that 
highways be able to withstand only 32? times more vertical motion 
than the 1950s roads. 


We fly to 
the Far East 
more often 
than any 
other airline. 



Singapore Airlines offers' vou 42 flights from 14 
European cities ta Singapore even.- week. All connect to 
over 300 flights to the Far Easr, Australia and New 
Zealand, and of course, all bare infliyhr service even 
Other airlines ralk about. 5M7QAPORE AiRUHES 

















INTERNATIONAL HERALD TRIBUNE, TUESDAY, JANUARY 25, 199* 




Hosokawa Weighs 
New Ref oral Vote 

Lower House Could Override 
The Onnnsition’s Roadblock 


Compiled to Our Stiff From Dtyaldia 

TOKYO — Prime Minister Mor- 
Qnro Hosokawa and his governing 
coalition, struggling to salvage 
thdr political reform bills, threat- 
ened Monday to call a new vote m 
Japan's parliament if the opposi- 
tion balked at compromise. 

Mr. Hosokawa, whose promises 

to dean up corrupt politics swept 
him to power last summer, stiff wed 
a humiliating defeat Friday when 
lawmakers from toe Social Demo- 
cratic Party — the biggest but most 
unstable member oF the coalition 

voted against the bill at the final 

parliamentary stage. 

*The crisis, if not resolved, could 
force Mr. Hosokawa to resign or 
call elections to win a new man- 
date. . . 

Coalition leaders and tbdr coun- 
terparts in the Liberal Democratic 
Party looked likely to agree on 
Tuesday to form a joint upper 
House of Councillors committee 
that could break the parliamentary 
deadlock and save a reform process 
five years in the making. 

“It looks like we may agree to set 
uo the joint panel but there’s no 
guarantee well be Me to retch a 
compromise pact with the LDP, a 
coalition legislator said. 

If that option fails, Mr. Ho- 
sokawa's team was planning to 

gamble on a fresh vote in the lower 

House of Representatives, lawmak- 
ers said. The lower House passed 
the reform package Nov. 18 and if 
it passes the package again wth a 
two-thirds majority, it would be- 
come law. 

Mr Hosokawa told a meeting of 
coalition leaders Monday that he 
wanted to try the override vote tf a 
compromise could not be reached, 
said a top coalition strategist, 
Ichiro Ozawa. 


The coalition, which has 259 
seats in the 511-seat low bouse, 

would need the support of about 70 

reform-minded Liberal Dexnoaais 
to win such a vote —■ something 
Japanese analysts said they be- 
lieved was neat to impossible. 

But Foreign Minister Taitomu 
Hata, leader of an influential coali- 
tion party, said he bebeved the gov- 
ernment's bills had a good chance 
of winning the necessaiy two-uurds 
approval of the lower House if Lib- 
eral Democratic pro-reformers 
threw in their support. 

“We have no doubt that the bills 
would be approved by ifo: lower 
House if there’s cross-voting, he 
said at a symposium- . . 

Although no public opinion 
polls have been published, media 
interviews with voters showed 
many were disgusted with both the 
Liberal Democrats and the Social- 
ist anti-reformers. 

“The Socialists should be ex- 
pelled from the coalition,” a com- 
pany employee said in a television 

interview. . 

“I can't believe that political re- 
form has been held up after all the 
corruption scandals, a housewife 
said. "The LDP should be ashamed 
of itself.” 

Poli tical analysts predicted diffi- 
cult times ahead for Mr. Hosokawa 
and his team of conservatives, cen- 
trists and the hard-line Socialists, 
who have stirred up trouble on a 
number of issues since the govern- 
ment took office in August. 

The Liberal Democratic Party 
hardly seems likely to agree to even 
a compromise political reform 
pact It was the conservative party 
that, during its 1955-93 monopoly 
on power, perfected the system of 
money politics that spawned all the 
recent scandals. (Reuters, AP) 



orei 

Mao Fib 


ina 


. r a 

r ■ 


By Kevin Murphy 

Incernatwvd Herald Tribtme • ‘ 

ists described as China’s fina attempt to censor club 
activities. ■ 

The BBC documentary, “Chairman Marine Lust 
Emperor” featuring a critical assessment rf thelaid- 
crVnilc and which briefly touches on to seraaL 
appetite for young gjris, has drawn strong diplomatic 
protests from Beijing in reefent weeks. 

The film was first aired in Britain in December, 


mst leader’s birth. . " 

London has largdy ignored ?°negc 
with the production. Bat m HongKan&*^«^ 
to Chinese sovereignty m 1997, the ®“. s 
has served-' to heighten fears about Begingfs nunre 
tolerance for criticism and free speech. • , - 

A local television company, Television Broadcasts 
UcL, has purchased rights to air tire doaimeataiy on 
its English and Chinese language channels. . • . 


But the 

racial activities wcjjiw t0 do so. Thus 
fust-time visits from two 

“MBBS vm 

facto embassy “^^^^^^Entedaxn- 

judges offrasMt 0 n ° ^^ |^ U rt^to3nlienl»ry 

edtodosa ... . 1 tons, but the specteraf 

The dub ignored especially among 

Hong sSrcb and sefcore, 

vrikS ectonial sectition and 

XSS& *0 stifle the dt,', 

thriving press.. 


Patten Calls On China 


* Japanese w 

To Break the Deadlock War Brothels 

• ; • Acunas 



SEOUL FINANCIAL SCANDAL - Chang Yo^Ja, a ****** 
rf South Korea, being arrested m Seoul on 


Ctaq;Ti> VMtlMD 

marriage of former 
tonday on charges of 


Mystery Snooze: Big Ben Quiet for 3 Hours 

* J Tbe clockmakers Thwaites & Reed got the dock 


Return 

LONDON — Big Ben, Britain’s most famous 
dock by which much rf the nation keeps time, 
mysteriously stopped for three hours, officials 
said. 


VL. 

Tbe clockmakers Thwaites & Reed got the dock 
gping again at 9:30 P.M. Sunday, three houra and 
10 iranuies after it stopped. 

Big Ben’s chimes are regularly heard around the 
world by listeners to BBC radio. 


Reuters - 

LONDON — The Hong Kong 
governor, Chris Patton, urged Chi- 
na on Monday to resume dead- 
locked t»Tks on the colony’s han- 
dover to Beijing in 1997 andsakLit 
was time for die Chinese to make 
the next move. 

T think the first thing to do is to 
start taTiring a gain,” he said after 
briefing Prime Minister John Ma- 
jor on the 17 rounds rf talks that 
ended in stalemate. 

Mr. Patten, whose proposals for 
democratic reform in the period, 
bdfore the handover have provoked 
strong opposition from Beging, 
said: “We nave already made rig- 
. nificant moves, and I think it would 
be for tbe Chinese side to make 
some moves as wdL"- 


He added: “We would very 
much Kke to see a resumption of 
talks. We are still prepared to nego- . 
tiate and we very modi hope the 
Chinese are as weH.*” 

' ' Mr. Fatten infuriated' China in 
October 1992 by proposing 
changes that would let Hong Kong 
people elect, directly or indirectly, . . 
the majority rf the territory’s legis- 
lators before the l«7 ; tak»pwr... 
Negotiations broke down m No- 
■venfber, with China rowing i*f 
scrap any electoral ch a nges in 1997. 

A first biBdealirig with same rf 
the less contentions changes isbe- 
'ing considered by Hong Kong’s 
Legislative Councu. Mr. P atten h as 
vowed to push on with the propos- 
als if Brijmg refuses to talk. •. • 


Acunas 

THE HAGUE — The 
Netherlands on Monday saia 

jt bad evidence that 200 to SW 

Dutch or Diiteh-Indonmian 
women were coerced into 
prostitution as “coinfort wom- 
en” for Japanese faces m In- 
donesia in World War IL 
A private Dutch foundation, 
wfll go to court in Tokyo rat 
Tuesday to demand compen- 
sation: for the victims. ~ • ' 

-An official investigation of 
government war archives 

foand proof that in about 65 
cases, tbe Japanese nnhtary 
had physical^ forced the 

worn® into wooing in brotfo 
ds. the Dutch Foreign Affairs 
Ministry said in a. statement.- 


WHICH WAY ARE THE 
MARKETS MOVING? 


oin 


f experts as they debate the trends 



MARCH 23-24. 19 94 - POLDER GRAND HOTEL, ZURICH 

Following the considerable success of their first event. International Fund 
Investment and. the International Herald Tribune are 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 wil ^ _ 

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alsaid they wereprqjaringarwort 

that would be highly critical of the 
Mexican government's response, to 
the . up rising- It wifl say thal gross 
human rights violations were per- 


0*' 


Rrihhmnn ' ’ churx*, whcre they woe interrogal- 
By loa KOODerson ^ white knedrag bef ore a tub of 

Wa&u^Po* SerT ‘" water, tftirey were not forthcoming ' 

MORELIA, • or gave what srffflas deemed in 
Santir Gdrol^ M^b^ . hcSect answa, their beads to .| 
scar over tas. lrft eye from me gj^^iu^theti* and Irid under \ 

moraing of Jan. water. Othm had carhonaffid wa- 

Aimy tr 9°P s ‘ ^rfbwed uptharnoses. . : 

Inthan mountain village to mterro- vaiagcnsfflid th<y beard at least 
gate townspeople a^^nksag . HmTmen ^ bring beaten in. the 
may ha w had Wrin mnum ^ nmc i - ^^ ^ THjgtffiir<afer&dd emaged 
activity in the^rw- . _ covered in Woods >•■-. . . 

Mr. Santa said he^Wre.Bcvcial Indian, de- ¥ 

hundred other inm ro&akftttom* sc^xshimsetiiisOTerfthehMiy 
Mordia’s^ village sqpar* _was looms gmaMiheraenroundedupiB 

knees with his hands tied behind ^ uHlnpr. square at sunrise Jan. 7. 

. his back when a srfeher asked htoL ^goj^og -to vOJhgera and human 
“Haw many rf your comratotiw r ^ ht< invesogtoxn 39 other men 
you have to kill to get those boots ffr| ^ Tg w>n a<rayby troops thatday 
- you’re wearing?” . • , after bemgforoedlo kneel on pan- 

Mr- Sa^.^dhe crew far neariy fire hours with 

“None. I boo^tt them with my own toha ^ tW ^ K hj n dtlKffbaife 

hard-earned monty. Ten rf them were released in the 

The nest thing he recalls was an -They xetainod here 

army boot Iraiing hnn sipwrety nr- ^ starvation, torture and 

tfaefaoe. • : ^ ' mcomnnmicado detentkm by the 

,v+*-**-(*?*r 

ican Army troops are emerging '■ ■ 

throughout the southern state of . rap L nnW 
Oumaa in the wake rf a Jan. 1 Know ^ 

uprismg by hmi^ rfi^an haye been atrpdtfefr 

peasant rebels ca TRng themselves - 

the Zapatista Natkmal liberatkm ’■ committed here 

A *The army has i^ected requeatt ' by fllC militar y^ 

Military authorities n^xirtetny tire area of the opriiring. 

hare swept through Indian towns — 1 - — ■ 

: and viflmes Hke Mortiia to round • v 

up men suspected of paitidpating fia were being detained, without 
in the itoriang. Mbrenais 25 kilo- having bam^ lonnally. charged vrith 
meters ( I5ttfles) west .of Altamir- acrinto^tBo^^^^^^P 1 ^ 
an a , n fnwa occupied by Zapatistas near Tuxtla Gutitoz, tire state 
for at least four days and the long- capital Fore^n human rimts m- 
est-hddrffrfalatt^ari>ancen^ vestigalors said at least TO lndians 
they seized cm New Year’s Day. were being heM there. 

Investigawrs -with tire human An Amnesty International invts- 

rigbts group Anntosty Intematioiir tigaior, Carios Salinas, said dm for 

al^id they were preparing a report nearly a week his group sought ac- v 
that wprfa be "critical of the cess to .die detamees bur was r 
Mexican government’s respoose to blocked foam entering the prison 
the uprising- It wifl say thal gross by : the government’s National 
human rights violations were per- . Qnmmssioii on Human Rights. 
p^trpWi a gtmvd thw jtfaftJs Mayan . They were finally given access Fn- 
iafiaa population. . day after Mr. TcaricdKconrolarned 

“We know these have beoiatroc- directly to Prcsitlait Crnlos Salinas 
ities committed here by the nntir de GortarL : » 

tarv .” a dintomat writing Chiapas Testimony gatireted by Amnesty 
said eaiBer tins mohth. . : . ' * investigators . was: consis tent w ith 

In Washington, Representative independent accurate gathaed by 
Robert G.. Torricelli, a Democxit U^.joumalfotswhovisiiMMore- 

rf New Jersey, is riireduled toepn- Ka on Friday. r 

imr. a >iMf4no Fa»_ 2 an snsnected - Evidence of- other army abuses 


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UUL licw JUMJ, « W 

veae ahearing Fito. 2 an susjterted 
human rights abuses by titoMexi- 
can ArmyrWhite House and.Stsite 
Department. officials have warned 
that Mexico,' as Washington's 
newest trading partner under tire 
North Ameri can Free Trade Agree- 
ment, is expected to meet higher 

« / * •sm.Ja wIv flivivi rf Yiae 


im uu ruxuij. r . 

• Evidence of- other army abases 
has surfaced duOT^out the zow 


i 

S;a.: 
I - 

i‘^.- 

!^: 

■ KT '• 

! *- ;> 

• »■ * 


Y LUU a DQLUUgS lULV 

va rader the towns rf C 
i' Trade Agree- Oxchnc and 


IA.WUUM MS y.* - 

Soares of summaiy arrests and 
beatings haveb«» reported in the 
towns rf Ocorinsp, Altarmrano, 
Oxdrnc and Rancho Nuevo. 

On Jah. 4, a day after army 
troops steamed Ooorimto and en- 


ment, is ocpected to meet higher On Jan. 4, a day after army 
human' rights standards than it has troops steamed Ocosmgo and co- 
in tbe past gaged ra heavy street battles with 

Foreign uriEtazy analysts said zipatista guerrillas, journalists 
that the tmrising^ ^^qwared to have found the bodies of nme men — 
caught the Mexican Army off some dressed in dothing similar to 
guard, and ^thal widespread repeats ■ tbe mtifomxi worn by Zapatistare - 
rf human rights abuses were one rf bds ^ lined up mride the town’s 
the s y mp to ms ofa military hurried- prodnoe market, mast with bulk: 

lu www m i * w » f » ■rinniflPftd nenu- wrarnHs in- tbrir bnuls •• YdklW 


ly trying to repair a-damaged 
tation and restore lost authoi 
But in Morelia, as wriH as 


rried- produce' market, mast with bulk: 
repu- wounds in thdr h«ds. Ydtow 
rity.- twine, apparently used to bind 


UUVU Otiwiwvav feVNUB) -MJ/jAUVUU j WtlW HI W »* 

But in Maidia, as wefl as other tirarwri^I^rathegFOuhd be- 
villages where troc^s r^x»tedly ride them. At least one still had 
ranracked houses and dinics, occu- twine attadbed to Ins right wrist 
pied {hordes and' beat civilian Several were Ijlieedmg from cuts'on 
nren, viHagers ref« to the army in- thdr. wristsappareouy made by d* 
much the samttenns that the gov- twine, 
qnmeat has used to describe toe - Almost all' appeared to have 


twine. 

- Almost all 


eminent has used to describe toe - Almost all' rapeared to have 
Zapatistas: lawless gnnmen led by been shot- ^pomtrbtenk in toe bead, 
“profesMBirisof violence." according to a‘U5. fbreuric atf* 
‘They’re afraid from one mmuie throprfogist, Clyde Snow, who saw 
to the next that the army , might dos^-up photogi phs of the bodies 


to the next that the azmy. might .dose-raphotographsrf-tiiebodite. 

come to beattoem again,* said the ; -taken 
Rcve^^tocge Rafael Diaz, a Ro-‘ . Agovemmcnisourxx 

Hesadsra^Mhadbebitat: 

cn with thdr wrists bound into his way. But he would not elaborate. 







INTERNATIONAL HERALD TRIBUNE, TUESDAY, JANUARY 25, 1994 


Page 5 


ftC*-’- : •>*.’■ - . , . . 




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■' **v"i 


Death Squads Haunt Algeria 

Ibsens of Killings Laid to Pro-Regime Forces 


New York Times Service 

ALGIERS - — Pro-government paramilitary death 
squads have lolled dozens of suspected Muslim mili- 
tants in Algeria in the last-four months, according lo 
Western diplomats, human Tights officials and 
witnesses. • : 

The death squads have emerged iniesportse to 
, violence by . the militants, who have hilled officials, 
intellectuals, and members of the security forces as 
part, of a campaign lo topple the government, the. 
officials said- . . 

“The vioimee in Algeria is beingcanied out byboth 
' ades," said a human tights attorney whose we has 
been threatened by the death squads. "Those in power 
and those trying to. take power. There are frequent 
summary executions by those believed to.be from the 
government orallied with the government” 

The diplomats and human rights officials said the 

rtrarh cniiu),«MlUI>~l - a**— . 1 i . r 


— - ' ' — 1 ’ - .. .1 ,1 .1 iv w. 1«1M,1^U IAJ UVUAiUU VI 

the army and security forces.. t 
Government officials say they do not know who is 
behind the death squads and denysy&emaric abuses 
by the militar y and pofice. 

The rioleace in Algeria has claimed some2,000 lives 
since it began hi January 1992. Thc two mam hlamia 
groups — the Islamic Armed Movement and the 
Armed Islamic 'Group — now* ‘ control many rural 
areas and, after nigbchD, some poor districts. 

Police officers are frequent targets of the Mamie 
militants, and the death squads often strike in areas 
where police officers have been killed. - 
Such Jottings have recently taken place in the slum 
area of Kouba as well as the villages of Ain-Taya, 20 


miles east of Algiers, and Saoula, 10 miles west of 
Algiers. On Nov. 17, a death squad Left 10 bodies on 
the street in the coastal town of Bourj el Kifan. 10 
miles east of Algiers, after several pofioemen bad been 
killed there. 

nJ^orho^s^ere police or seaj^'o^dals are 
killed now brace themselves Tor attacks by the para- 
imtttaiy forces. 

The pro-government death squads include the Or- 
ganization of Free Young Algerians and the Secret 
- Organization- to Safeguard the Algerian Republic, 
Weston diplomats say they believe these groups may, 
in fact, stem from the same organization, and they 
note that the wording of their communiques is often 
.identical. 

“It is difficult to knowhow many people the death 
squads have killed, " a European diplomat said, < Tnn 
we hefieve there have been dozens of assassinations 
since November.” 

; Those who have witnessed abductions by the death 
squads live in fear, and many have been warned to 
keep silenL But a few Algerians told similar stories of 
tidnapings and murder on the condition they not be 
identified. In each case, these witnesses said, men in 
green military fatigues and ski hoods appeared well 
after the 11:30 PJWl curfewand took. people from their 
homes. The bodies of those who had been abducted 
were found shot to death on a nearby street the next 
morning. Notes had been left cm several at the crapses. 

Many of the latest victims appear to be those with 
relatives in the Islamic movement rather than actual 
combatants or supporters. 

— CHRIS HEDGES 


ALGERIA: Audwrity Crumbles as Radicals Advance 


Continued from Pbge I 

* two sides appear lotted, in a deadly ' 

* contest that is plunging the country 

* into anarchy. 

‘ Islamic militants have already 
. carved out small enclaves. In the 

* militant stronghold of BHda, 50 lri- 
1 kuneters (30 miles) south of Al- 

* gjers, the militants run whole. 

; nrigbborhooUs and frequently bat- 

tie the police. 

» After bunting down establish- . 

* men is that sdl alcohol and assass- 
i nahng at least one bar owner, mitt- 
» tarns nave dried up.HIjd*, a city of 
j 400,000. Beauty pariars bave been 
■ ransacked, and most erf the women 
» on fte streds are vetted.' ' 

* - Stores that sdl music -cassettes 
no longer cany recordings by' 
Western groups or female singers. 
Satellite dishes, which bring ip for- 
eign broadcasts, have been disman- 
tled. Kiosks and shops .stopped 
selling newspapers a week ago after 
an order from the militants. 

Fear drives most Algerians home . 
before dark, where they sit in tiny, 
'Overcrowded apartments watching 
the heavily censored government- 
al run television network or French !- 
jxhanoets that seem to flat ml the 
freedom and wealth of Europe. 

Militants, who send warnings by 
. fax or messenger, also have de- 
manded that the batchers lower the 
•. price of meat or sell ortiychicketL . 


which is less expensive. The move, 
especially with growing food short- 


in the muddy streets of Algiers' 
Kouba slum, where the police and 
Islamic militants open fire cm one 
another almost dally, the reach, of 
the militant movement is widening 
Adpzeapolice officers, aimed with 
automatic weapons .and wearing 
bulletproof vests, nervously man a 
roadblock on the outskirts of 
Kouba. feit by nightfall this road- 
block and another down the street 
are abandoned 

A few blocks away, in a small 
house, a senior! ead er of the Islamic 
Salvation Front and several lieu- 
tenants sat over cups of lea and a 
plate of cbowlat^cookics. 

"Our first requirement is that 
those who rale the country get out 
of power,” the senior leader said, 
"and if they do not want to get out 
of power, they wfil be forced out of 
power. If litis demand is not met, 
there is no reason for us to talk to 
the generals.” 

, “We are not against the army, or 
even the police, as institutions,” he 
said. “We have many supporters in 
the lower ranks of both the army 
and the poGce, but the chiefs, the 
cxies who govern, must go.” 

• The. violence has further faded 
economic decline. Foreign inves- 


tors, with the exception of a few oil 
companies, are puffing out despite 
substantial losses, while others 
have been scared away. 

"If the food shortages and bread 
lines continue to grow, people wrD 
take to the streets,” said Ali Ra- 
cbedi, director of fee newspaper El 
Haq. “If that happens there win be 
chaos. The biggest danger now is 
not just worsening of the armed 
straggle, but a popular revolt.” 

There are signs that violence is 
spinning out of control The daily 
death toll includes about a dozen 
members of the police and security 
forces and at Inst as many avu- 
ians. Western diplomats say. 

■ 60 Fundamentalists Freed 

Tbe Algerian press agency APS 
said the government released 60 
Muslim fundamentalists Monday 
from a desert prison camp, Reuters 
reported from Algiers. 

Last week, the Interior Ministry 
said it had ordered the release of an 
unspecified number of prison ere 
from two desert camps. It also said 
that it was freeing all people who 
had been under house arrest. 

Tbe ministry said tftt moves were 
intended as conriHatory gestures 
ahead of the national conference 
on Algeria's political future. Tbe 
main political parties have said 
they would boycott the conference. 




UN Commander 
Renews Bosnia Call 


MJil! 


Frtssi Dane 1 4(cncc FnaaPiruc 

The f after and brother of a Sarajevo boy wounded in shelling erring as he is evacuated to Italy on 
Monday in the hopes that doctors there can save his legs. Another boy wounded in the mortar attack 
Saturday also was airlifted oat of the war-torn region. The attack killed six of the boys' playmates. 


By John Pomfret 

H ibnuigrcui Fan Service 

SARAJEVO. Bosnia-Heracgovj- 
na — The outgoing commander of 
the United Nations forces in the 
former Yugoslavia renewed his call 
Monday for authority to order 
NATO" warplanes to back up his 
troops in case of an attack on UN 
forces in Bosnia, despite a decision 
by the UN secretary-general. Su- 
tras Butros Ghali. to keep that 
power for himself. 

General Jean Cot of the French 
Army said the idea of waiting 
'Three hours” for political authori- 
ties at the UN's headquarters in 
New York to ask NATO to protect 
his men was unacceptable. 

General Cot spoke at a ceremony 
to marie a handover of the UN 
military command in Bosnia from 
another departing officer. Lieuten- 
ant General Francis Briquemont of 
Belgium, to a British officer. Gen- 
eral Sir Michael Rose, who once 
commanded the Special Air Ser- 
vice, the special forces branch of 
the British Array. 

General Cot. wbo will leave his 
command before March 31. and 
General Briquemont are casualties 
of what appears to be a widening 
gap between the UN's political au- 
thorities in New York and the mili- 
tary men in Bosnia. In a recent 
met ting with President Francois 
Mitterrand, Mr. Butros Ghali is re- 
ported to have demanded General 
Cot’s removal from the post be 
took up in July. 

General Briquemont recently an- 
nounced be was quitting his post 
several months early because of 
frustration with the troubled UN 
operation here. 

Both men have clashed on nu- 
merous occasions with Mr. Butros 
Ghali, a fact alluded to by the 
French general Monday when he 
said that the controversy concern- 
ing NATO dose-air support was 
“just the tip of the iceberg.” 


The key reason, according lo 
General Cot and General Brique- 
mont, isihai the UN general secre- 
tarial and the UN Security Council 
have given the generals a huge task 
to accomplish — delivering hu- 
manitarian aid in tbe middle of the 
Bosnian war zone and protecting 
five UN “safe areas" in Bosnia — 
without giving them enough troops 
and a sufficiently elastic mandates 

Both generals have said that they 
nod 9.000 to 10,000 more troops. 

The controversy between the 
mitiiary officers and UN political 
side appears to be a symptom of a 
wider problem involving the politi- 
cal wiu of the international com- 
munity to act forcefully in Bosnia. 

Several countries with troops in 
Bosnia — Britain, Canada and 
France — have said they are con- 
sidering withdrawing their forces. 

When asked. General Rose said 
he had not been sent to oversee the 
departure of the United Nations 
from Bosnia. 

"That is not pan of our intention 
at the moment.’ he said. 

Genera] Cot appears to have 
been angered about the tendency of 
UN political authorities to meddle 
in what the general has said is his 
most important duty: protecting 
the lives of the UN soldiers. 

“The problem is very simple,” 
General Cot said. “In case of a 
massive attack against a safe area 
or anywhere, the only means we 
have of reacting against this imme- 
diately is close-air support." 

He added: “Immediately means 
three minutes. 1 ' 

"That would be perfect.” he said. 
“Half an hour, that would be nice. 
But it's certainly not three hours." 

UN sources said that during sev- 
eral practice exercises, tbe secre- 
tary-general's office took five hours 
to respond to a request from Gen- 
eral Cot for immediate authoriza- 
tion to order NATO dose-air sup- 
port. 


CHAOSs Starving Siberians Are Getting That Old Apparatchik Runaround From Moscow 


Contimed from Page 1 
Wes of what had mice been a chal- 
lenging but seenre life in Siberia, it 
is the reformers she bolds responsi- 
ble. 

“Oar people are on the verge of 
extinction,” Mrs. Kuzmina said at 
week’s end. “I don't know why my 
children have to suffer for these 
reforms." 

Oleg Bogomolov, the one bu- 
reaucrat who Mrs. Kuzmina said 
treated her with some consider- 
ation, said that the government in- 
deed owes the 6,000 people of Bay- 
kit about S2.6 million. He agreed 
they must be in desperate straits. 


But Mr. Bogomolov, chief of the 
Russian cabinet's section on geolo- 
gy and the use of minerals, said 
Bayltit is far from alone. 

“I can assure you that every- 
where, especially in all these places 
that are isolated and divorced from 
tbe "mainland.’ people are living in 
unholy conditions, 1 ’ be said. 

Mrs. Kuzmina's story illustrates 
why many Russians decided “radi- 
cal reform" was not for them. In 
Moscow, while Bayltit was waiting 
for its money, Mr. Fyodorov was 
desperately trying to cut back on 
payments to money-losing enter- 
pnses across Russia in order to 


slow inflation. But there are mil- 
lions of Russians like Mrs. Kuz- 
mina. trapped in one-company 
towns with nowhere to go and no 
way to live without the stale. 

Finally, what Mrs. Kuzmina 
bumped into was an aO-powerful 
bureaucracy that has changed little 
from czarist or Communist times. 
Payments and credits are not 
awarded on the bass of laws or 
contracts, but according to person- 
al whims and connections. 

And when Deputy Prime Minis- 
ter Yegor T. Gaidar, the architect 
of Russia's free- market reforms, re- 
signed last week, it was as much out 


of frustration at the reformers* in- 
ability to change the ethos of gov- 
ernment as over any specific policy. 

“Our state in its present form 
cannot be regarded as democratic,'' 
Mr. Gaidar said in the newspaper 
Izvesiia. “Tbe gap between the 
state and its bureaucracy, cm the 
one band, and tbe people, on the 
other, is 3gain widening." 

The pampered and corrupt bu- 
reaucracy “devoured the ‘best* 
democrats," Mr, Gaidar added. 
“After it digested them, it returned 
to its old habits." 

As Mrs. Kuzmina recounts her 
experiences*: it. is easy • to under- 


stand the nostalgia and fear that 
propelled the ultranationalists* suc- 
cess. Thin and energetic. Mr. Kuz- 
mina graduated from college in 
Krasnoyarsk, in the heart of Sibe- 
ria. and, unlike most of her urban 
classmates, chose a life in the pio- 
neer settlement of BaykiL 

“The place itself is beautiful," 
she said. “There’s fresh air, crystal 
rivers, plenty of berries." 

There were vacations evety sum- 
mer — to tbe Black Sea. to the 
Baltics, even one year to Yugosla- 
via. For Mrs. Kuzmina ana hex 
husband, a geologist, the oil fields 
seemed to promise a secure future. 


1,5. 0* f • — 


Cootineed from Page 1 

r The punishing reversal in pariiamcnt.last 
.week was merdy thelatest agn that this agenda 
‘ had grown too axnWtious. 

Mr. Hosokawa vowed to put a younger gon- 
. exation in powa-j to rein in government bureau- 
crats and have elected officials set policy, to 
' shift the balance of. power-' in paritameat to 
_ urban districts from the mral constituencies, to 
r rescue tbe economy from a deep noesaoa, to 
: lower the astronomical prices consumers here 

- must pay, to realign the pofitical parties toward 
the center, to open the economy, and to make 

- ideas Tauber than cash the currency erf political 
debate. 

Any one erf these would have represented a 
sea change for tins conservative nation, but a 
popular notion spread that the transfoonation 
was inevitable because of the end of the Cold. 
War and the growing reaKzaticai that the wwk> 

ers who were responsible for creating Japan’s 
wealth were enjoying precious Bttle of it. 

Mr. Hosokawa only complicated his task 
when he determined that the doctoral and cam- 
paign finance laws bad to be overtraded before 


he readied for his other goals. The vote on 
Friday thus underscored the fact that, so far at 
least, the high hopes for fundamental change 
were a product of oratory rather than action. 

"Tdl a sense, (he popularity of the coalition 
when it was formed was too high," said Kazuo 
Atrhi, the head of the Defense Agency and a 
senior figure in (he Hosokawa government. “It 
just created problems by encouraging the prime 
minister to address too many firings.” 

He added; TThis cabinet was formed to pass 
political reform. That was its mandate. I fed 
very strongly about this. Tbe cabinet tried to 
address everything and then land of ditty-dal- 
lied and accfl irip Hsfreti n othing .™ 

In fact, Mr. Hosokawa bad already faced 
serious setbacks bn several of these fronts be- 
fore the vole in parliament on iris reform pack- 
age. 

The most telling losses have come in bis 
unceasing banks to seize control of the minis- 
tries from the bureaucrats who run them. 

felt, as Haruo Shunada, a Kao University 
professor and adviser to the prime minister, 
pointed out some changes appeared to be tak- 
ing place despite Mr. Hosokawa's ntiscateula- 


Wds Tod Ambitious 


tioos, because of the powerful undercurrents at 
work here. With or without Mr. Hosokawa, 
something seems to be happening in Japan, 
even if it u not certain what 

The Socialist Party, which attempted to shift 
its weight toward (he political center by joining 
Mr. Hosokawa’s coalition, was tom in two by 
Friday's vote and appears beaded for a decisive 
split now. 

There also appears to be a growing prospect 
for more centrist members of the Liberal Dem- 
ocratic Party to defect and join the new parties 
at tbe heart' of the governing coalition. 

A growing consumer consciousness has fu- 
eled the growth of a new kind of store here, 
discounters. The popularity erf cut-rate stores 
has hdped spread the word that prices can, and 
maybe even should, come down. 

And now, with the prospect growing that Mr. 
Hosokawa's government win fall and new ejec- 
tions will be hdd soon, the voters may get a 
chance to decide whether they are wilting to risk 
the biggest revolution of all — holding their 
elected leaders accountable for pushing 
through tbe cha ng es they say Japan must en- 
dure 


MARKET* Tokyo 9 s FaiUng Stocks Seem Not to Scare Foreign Investors 


oackage of political reform WIs in 
the upper house, tbe Nikkei 225- 
share index plunged 954.19 points 
to 18,353.24 on Monday, erasing 
nearly half of fireaains made over 
the previous month. 

Prices dropped from the outset 
as individual and institutional in- 
vestors wok profits. The index had 
gained nearly H percent since the 
start of the year. . 

Tune is ranningout forMrHo- 
sokawa to pass a reform 
ibe legislative session ewls op Sat- 
Uda^Sire to do so coiddforce 
the imme minister to stop down^ or 

call snap elections 
“Immediate dis*flutk» of . the 

Di« is MBtdy.” 

ers said in a note to investors hwo- 

dSr^VirfwOrf anpohuasms agree 

sura is necessary immediately. 

The chief cabiuct seaway. M* 
savoshi Takemura, 

MsSrSSSS 

lySs sad some sort of tacasares 


were likely before Feb. II, when 
Mr. Horokaws is to meet President 
Bill Cfintco to discuss. the two oa- 
- doss’ thorny trade relations. 

■ But even though additional pub- 
lic works spending is Kkdy to he 
approved, & reduction: in income 
taxes, which fardgn governments 
have long seen as the lnost effective 
.way to : prod the recession-plagued 
Japanese economy back to health, 
could be delayed until a new gov- 
ernment is fonnccLIhatis because 
although '.there isooosossus to cut 
. income taxes, the SodaHris in Mr. 
Hosokawa's coafitiou- have op- 
posed plans to pay for the measure 
with an eventual increase in con- 
sumption taxes. 

“Bold ,new fiscal policies 'are like- 
ly to be possible enfiy .when the 
poHtical- situation is. clarified, 
. which is mtttkely until after a hew 
election,*’ ibe^orncauiotc said. 

The stock could lan gnkh 

for weeks or'mraHhs, but the extent 
ofaaydec^wouldbelfisseoedrf 
ihc Bank of Japan were an interest 
rales, sooner and more deeply than 
exported. The: official discount 
rate, now at a record low 1.75 per- 


cent, could be slashed to 1.0 per- 
cent 

Foreigners, wbo are estimated to 
have plowed nearly I trillion yen 
($L9 billion) into Japanese stocks 
since the start of this year, are also 
Ukdy to provide support. Their 
buying accelerated tins year as for- 
eign fund managers, fearful that 
stock markets in Southeast Asia 
had peaked, shifted assets to Japan, 
.whose market comprises between 
80 percent and 85 percent erf tbe 
region's equity capital With ihe 
Nikkd index having lost more than 
half its value since December 1989, 
many hope tbe index will rise to 
22,000 perints by tbe mid of 1994. 

“A lot erf the investments are 
asset-allocation driven,” said 
Kathy Matsui, a strategist at Bar- 
day’s de Zoete Wedd Ltd. “That's 
why I don’t think they’re going to 
turn around and sett.” 

Brokers said foreign investors 
would continue to enter tbe market 
even as the index fell lo 17,000, a 
key resistance levd. But an erosion 
of prices below that threshold 
would threaten to undermine tbe 
health of the finaccraJ system. 


Thai is because banks and com- 
panies rely on unrealized gains on 
their equity portfolios — a theoreti- 
cal calculation of the capital gain 
they would pocket if they sold — to 
write off bad debt or take extraor- 
dinary expenses for restructuring. 

“If we nave a market on March 
31 that is below 18,591, the closing 
levd one year earlier, then there’s 
going to be negative ramifications 
For tbe financial system and the 
economy,” said Betsy Daniel, a fi- 
nancial analyst at Morgan Stanley. 
“Banks won’t be insolvent, but 
their ability to write off bad loans 
would be significantly reduced.” 

Tbe major test wiu come toward 
the end erf March, when companies 
dose their accounts for the finan- 
cial year. Banks and companies 
have already begun selling stocks 
to lock in grins, with most of the 
shares being mapped up by for- 
eigners. 

“It's not a stable or healthy mar- 
ket when core investors are setting 
Off their riiares to foreigners," the 
foreign fund manager said. 
“There’ 5 something very odd about 
this type of movement. We’re get- 
ting wanting signals." 


EAT* Obese Look to U.S. Courts for Relief From Burden of Discrimination 

CootiiBRdfnwaPafitl profcaar ^psychology at the University of^ Vermrat wire stawyed the 

- While federal civil fkhiskws soed&attvbar 8^^5 4,000 meattreis. _ . , 


Coaftaied from Page 1 profesor ^psychology at the University of^ Vermont who surveyeatne 
antxaraarc” pr<* cction£ ' g *Miss RothWum found that tbe more people weighed, the more they 

SS-i i ***■ ■ of mnk-rdMed activities too «x 

Sache: an unproducuve employee. - affected by weight 

• rhe workplace, it's dear are u ^ not promoted Employers seem na to be moved by that fact. A study last fall by 

w ^ Laura ^ Nanonal Assoaa- H^lWsiiy’s School of Public Health, published m *e New 

Hno ro F® 1 Acceptance. . England Journal of Medicine, firmly linked bemg 

u v_. ’ £s ihe least of a fat persM’s wooies in the workplace, econooucatty disadvantaged. There are. it sari, about 30 milbon fat 

Fighting for the association byEsthcrR^thfcton, * Americans, 900,000 of them considered obese. 

according w •“■**** 


British Sex Survey' Turns Up 
Some Traditional Surprises 

.Veu- rant 7tmes Service 

■ LONDON — A survey of sexual attitudes and behavior among 
(he British has turned up results that have surprised some sociolo- 
gists and pundits: The vast majority of people practice monogamy, 
and only a small number admit to engaging in homosexual sex. 

The National Survey of Sexual Attitude and Life-Styles found 
that fewer than one in 20 married men and fewer than one in 50 
married women reported having more than one sexual partner over 
ihepasi year. Even fewer — roughly one in 100 married men and one 
in 500 married women — reported more than two partners. 

For single people the figures shifted, so that more than one in four 
men and more than one in six women had multiple partners over the 
previous year. The results for people who lived together but were not 
married were in between but closer to those who are single. 

The findings on homosexuality were controversial and, having 
appeared in excerpts in the press over the past two weeks, were 
immediately assailed by gay rights groups at a time when the House 
of Commons is cooridering a bill that would lower the age of consent 
fixun 21 to either 18 or 16. 

The groups often cite earlier studies that one out of 10 men are 
homosexual. By contrast the current survey indicated that only 3.5 
percent of men had had a male partner at some stage in their lives. 
Among them, only 1.4 percent had had one in the previous five years 
and only 1.1 percent in the previous year. The picture was roughly 
comparable for women, according to the investigators. 


And in Austria, President 
Insists: f I Will Survive This ’ 

Rvurerr 

VIENNA — President Thomas KJestii, under fire over a love 
affair with an aide, denied on Monday that he was considering 
resignation. 

“I will survive this," Austrian state television quoted Mr. Kiesiti as 
saying in a newspaper interview to be published Tuesday, breaking 
his 48-hour silence on the scandal. 

In its main news bulletin, the report said Mr. KlestiTs office had 
confirmed the text of the interview, in which the president declared 
himself "optimistic” and ruled out any thought of quitting. 

Mr. KlestiTs wife of 37 years, Edith, left him earlier this month, 
saying &be could no longer bear his close relationship with an aide, 
Margot Lirffler, 39. like Mr. Klestil a career diplomat. 

Conservatives dosed ranks around Mr, KJestil. 61, insisting there 
was no need for him to quit over revelations of a love affair that has 
broken up his marriage. 

As Mr. KJestil talked with aide in the Hofbmg on whether to 
leave his mistress or resign, the leader of the conservative Austrian 
People's Party. Erhard Busek, said be believed the affair was a 
“private matter." 

He said at a news conference that “discussion in public is not the 
way to restore a marriage” and dismissed as “tolai nonsense" 
suggestions that the disclosure damaged Mr. KJestiJ’s role as head of 
state, which is largely ceremonial. 


Stasi Files Fail to Link Brandt’s Colleague to a Plot 


BERLIN — More than 800 
pages of former East German intel- 
ligence files released on Monday 
shed no light oa alle g ations that a 
prominent colleague of Willy 
Brandt’s had plotted to overthrow 
tbe former West German chancel- 
lor. 

Material found in the archives of 
Stasi, tbe former East German se- 
curity police, gives a detailed pic- 
ture of East Berlin’s plans to dis- 
credit Herbert Wehner, who was 
parliamentary leader for the Social 
Democrats when Mr. Brandt was 
in power. 

But it gave no evidence of links 
between Mr. Wehner and East Ger- 
man leaders that Mr. Brandt's wid- 
ow, Brigitte Seebacher-Braadt, 
died last week as a sign that he had 


worked with the Communist gov- 
ernment to force her late husband 
to resign. 

A controversy about the men, 
both now dead, has become an is- 
sue in this year's election cam- 
paign. Chancellor Helmut Kohl’s 
Christian Democrats have seized 
on it to accuse the Sodal Demo- 
crats of being unreliable and unpa- 
triotic. 

Many of the 868 pages dealt with 
Mr. Wdmer’s prewar career as a 
Communist official and postwar 
East German plans to punish him 
for leaving the party in 1942. 

Included were reports be wrote 
in exile in Moscow, which have led 
to charges that Mr. Wehner, long 
seen as the Joyal workhorse who 
kept the Social Democratic faction 
going, was responsible for the 


deaths or fellow Communists 
whom he denounced. 

The files ended in 1966. the year 
Mr. Wehner became minister for 
all-German affairs in a coalition 
government, wiih a secret note sug- 
gesting that Stasi collect material 
on him for a trial to prove he was a 
traitor to communism. 

According to Mrs. Seebacher- 
Brandt, Mr. Wehner was in dose 
touch with the East German leader. 
Erich Honecker, in May 1974 when 
Mr. Brandt’s aide, Gtinter Guil- 
laume, was unmasked as a Commu- 
nist spy. Mr. Brandt resigned over 
the scandal. 

■ Link to Caiios Denied 

A former Stasi officer denied on 
Monday that he had supplied ex- 
plosives to an associate of the inter- 
national terrorist known as Carlos 


for the 1983 bombing of a French 
cultural center in West Berlin. Reu- 
ters reported. 

Helmut Voigu in his first testi- 
mony since his trial began last 
week, told a Berlin criminal court 
that he had been ordered to make 
contact with the Car i os group. 

Mr. Voigt, 51, faces charges that 
he ordered the return of explosives 
confiscated from Johannes Wein- 
rich, a suspected lieutenant of Car- 
los’s. as Mr. Wemrich entered East 
Germany in 1982. 


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MONTREUXARjA 

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Page 6 


TUESDAY, JANUARY 25, 1994, 

OPINION 



Hcralb^Ste^ribunC Governing Isn’t Impossible, Just Harder Than Before 


Pl'BI (SHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 


Reform Slows Down 


Winter Fog in Moscow 


off into the fog without a compass. Most 
the political leaders strongly committed to 
economic reform have bailed out The prime 
minister, Viktor Chernomyrdin, who is no 
friend of theirs, says that his program wffl now 
combine some Western ideas with greater 
regard for the special circumstances of the 
Russian situation. That sounds like an at- 
tempt to compromise between market princi- 
ples and Communist practice. It won’t work, 
and the effects will, unfortunately, be much 
harder on the Russian people than the original 
reforms would have been. 

For President Bin Clinton this change of 
course in Moscow comes uncomfortably hard 
on the heels of his summit meeting there, less 
than a week earlier, with President Boris Yelt- 
sin. It is a strong hint that Western influence 
on developments in Russia over the coming 
months will be slight. The Western democra- 
cies will need to keep tbdr aid ready to sup- 
port good decisions when Russia makes them. 
But if there ever existed a time when foreign 
aid could be used as a great lever to change 
minds in Russia, that time has now passed. 

That is a setback for American foreign 
policy, and one that might usefully sharpen 
the discussion in Washington about aid and 


about bow much was actually delivered versus 

the promises. Quite a lot of aid has gone to 
Russia during the past two years, if you in- 
dude the debt relief (postponement of debt 


|/d,y|UblIw aUU ivtgirwuiw vi 

that up most of it But other than debt 
relief, the amounts provided have beat far less 
than the Russians were led to expect. 

The wold's response to Russia's distress has 
teen <pinrt> r to attempts to cope in the 1980s 
with the Latin debt crisis. Again the primary 
wynphnqs has been on preventing the debtors’ 
finance default and isolation, a useful goal but 
particularly in the Russian case hardly suffi- 
cient- In both cases the rescue efforts have been 
slow and in tennittenc In Latin America, after a 
dire diop initially in the standard of Irving, 
thing , are now turning out pretty wdL It would 
be unwise to a sqrpie (hat events in Russia will 
necessarily work out equally cheerfully. 

Russia is getting less Western help than it 
had anticipated, and tire West is seeing less 
reform in Russia than it had hoped. Progress 
there is evidently gang to be dower, mid rela- 
tions with the rest of the world scratchier, than 
in the past two years. In a period in which 
Russia's sense of direction is likely to be highly 
erratic, it is important for the United States to 
be exactly the opposite — steady, dear and 
predictable in its intentions. 

— THE WASHINGTON POST. 


The West Will Which 


Russian economic reform is barely breath- 
ing. President Boris Yeltsin last week named a 
cabinet stacked with officials who want to 
keep the economy firmly under government 
control. Gone is Yegor Gaidar, the primary 
architect of market reform; gone, for now, is 
Boris Fyodorov, who, as finance minister, was 
the only Russian standing in the way of hyper- 
inflation. Mr. Yeltsin appointed only one re- 
former, Anatoli Chubais, but be is rumored to 
want out in a few months after he completes 
his ambitious privatization program. 

Running policy for Mir. Yeltsin will be 
Gorbachev -era apparatchiks tike Prime Min- 
ister Viktor Chernomyrdin, who proclaims an 
end to “the period of market romanticism," 
and Viktor Gerashchenko, head of the central 
bank, who wants to pump trillions of excess 
rubles into an economy already running infla- 
tion rates above 20 percent a month. No 
wonder Mr. Chernomyrdin promises to con- 
trol inflation by “nonmoaetaristic" means. 
Translation: government price controls. 

None of the new officials have voiced a 
coherent economic strategy; it is unlikely that 
any of them can. But what they are sure to do 
is funnel huge subsidies into steel mills, mili- 
tary factories and state-owned farms. That is 
great news for the politically wired managers 
who line their pockets with the subsidies, but 
it is a threatening economic prescription for 
nearly everyone dse. What sense does it make 
to keep steel factories churning out molten 


metal when Russia already produces almost 
twice as much steel as the United States for an 
economy only one-eigbth as large? More steel 
will not feed the hungry or house the home- 
less. But if the Yeltsin government proceeds to 
pay subsidies with new ruhles, it will drive 
inflation to astronomical levels, wrecking 
markets and pummefing tire poor and elderly 
who are forced to survive on the vanishing 
value of their fixed incomes. 

Mr. Chernomyrdin wants the West to be- 
lieve that he is serious about reform but will 
make it slow and gentle. But he doesn’t give a 
due to what serious, slow reform would mean. 

“Serious” means a reform that stabilizes 
prices; the way to do that is to stop printing 
rubles. “Slow" presumably means that the 
government will preserve existing factories 
with subsidies. The only feasible way for the 
government to pay subsidies without printing 
money is to boost taxes. The problem is that 
Russia has no administrative mechanism or 
political will to raise taxes by huge amounts; 
nor has Mr. Yeltsin told voters that this is 
what slow reform requires. 

Mr. Ydlsin might want to run away from 
economic reality. The danger is that if he per- 
sists, the economy will implode and pave the 
way for right-wing fanatics like Vladimir Zhir- 
inovsky to take over and destroy democracy. 

The West can hope that Mr. Yeltsin comes 
quickly to his senses. It can prepare for tire 
day when be does by being ready to jump in 
without delay to help. 

— THE NEW YORK TIMES. 


Americans Need to Save 


After long hesitation, the American econo- 
my has once again begun to grow strongly. 
Even the cautious Federal Reserve Board 
agrees that an expansion is at last under way. 
The country is getting richer. That raises a 
question; What should Americans do with 
their rising wealth? 

The conventional answer begins by calling 
for more money for education and so forth. 
But let's not limit ourselves to the one- third of 
the economy that runs through public bud- 
gets. Let's talk about (he whole thing Most of 
the economy, after all consists of spending on 
personal consumption by private individuals. 
Private derisions wffl do as much to shape the 
future economy as public policy can. 

In the last cycle of sustained growth, the 
long boom of the 1980s. Americans sharply 
changed the general pattern of their spending. 
It is instructive to see what happened, since a 
tot of people apparently are not entirely 
pleased with the way things worked out 

By the end of the ’80s, Americans were 
spending much less of each dollar on food 
than a decade earlier and modi more on medi- 
cal care. As a society gets richer, the share of its 
income devoted to food typically drops, and in 
tire ’80s that drop was probably accelerated by 
the fierce competition in the grocery industry. 
At the same time, over the decade, the propor- 
tion of personal spending that went into medi- 


cal care, whether directly or, through insur- 
ance, indirectly, rose by half. That is an 
astounding increase in so short a time. 

There were other changes as well but much 
smaller. Spending on recreation rose a bit, and 
on lawyers. But the proportion of the average 
person’s spending that went into the great 
American passion for cars and driving fell 
significantly. It appears that the rise in health 
spending was forcing people to bold down or 
even cut back other parts of their budgets. 

By no means all of the rise in medical 
spending was financed by reducing other 
spending. Americans also saved much less, hi 
the early 70s they saved nearly 10 percent of 
their after-tax income. By the end of the ’80s it 
was down to 4 percent. That is dangerous 
because investment oomes out of savings. Low 
investment sets limits on technology and the 
kind of jobs that pay rising wages. 

Two of the great concerns about the econo- 
my — the enormously rapid rise in health 
costs and the drop in savings and investment 
— are related. Reforms to unit the continued 
increases in the first are necessary to remedy 
the other. Economic growth in the 1980s was 
substantial but lopsided, imposing great 
strains on the country. Now that the economy 
is growing again, its new wealth needs to be 
used to recover a better balance. 


— THE WASHINGTON POST. 


Other Comment 


A Heavy U.S. Hand in Tokyo 


The stem injunctions to Japan by the U.S. 
Treasury secretary, Lloyd Beuisen, may be 
part of a new tactical maneuver. 

After meeting In Tokyo with Prime Minis- 
ter Morihiro Hosokawa and his finance minis- 
ter, Hirohisa Fujii, the Treasury secretary de- 
clared that things were not progressing 
between his country and Japan. Mr. Bemsen 
threatened that if satisfactory trade agree- 
ments are not reached before the Hosokawa- 
Clinton summit on Feb. 1 1 in Washington, 
the United States will review the fundamen- 
tals Of the economic partnership defined last 
July to reduce the Japanese trade surplus. 


Mr. Beatsen’s comments cane, perhaps not 
coincidentally, at a politically difficult mo- 
ment for the Japanese prime minister, aban- 
doned late last week by part of the Socialist 
group in the Senate, which refused to support 
his reform program. The American attitude 


might be explained by the welcome opportn- 
i thus tbeoreti- 


nity offered by a weakened and 
cafiy less resistant prime minister. Still one 
has to wonder whether Mr. Bentsen’s attitude 
was not dictated by other considerations. Is 
Mr. Hosokawa losing Mr. Clinton’s confi- 
dence? In that case, isn’t American diploma- 
cy, in its obsession with economic issues, 
playing rough with an ally in trouble? 

— he Monde (Paris). 



International Herald Tribune 


KATHARINE GRAHAM, ARTHUR OCHS SULZBERGER 
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W ASHINGTON — When President Bin 
Clinton delivers his Stale of the Union 
address Tuesday night, he wifi face more than 
the flaunting rhaTfcng ft of an election-year 
agenda crammed with tough topics. Govern- 
meats in democratic societies around the world 


By David S. Broder 


are notably weak these days. 

More than a year ago. Bill Brock. 


the former 

Republican senator from Tennessee who under 
President Ronald Reagan was special trade 
representative and then secretary of labor, 
imkrd die phenomenon to the revolutionary 
economic changes sweeping the world. 

The virtual erasure of national boundaries to 
the flow of capital and location of manufactur- 
ing and service' facilities lessens the ability of 
governments to control their national econo- 
mies. Left of center or tight of center, govern- 
ments find it nearly impossible to enact and 
cany through policies that will cushion the 
shod: waves of this economic trandormation. 

Even if the policies are correct, another ejec- 
tion is upon them before leaders can demon- 
strate that they are on the right path. 

Mr. Brock's analysis also applies to the Unit- 
ed States, where George Bush struggled and 
failed and cow Bill Clinton is being buffeted by 
forces he finds hard to tame. Bat beyond those 
dements! forces, there are additional factors in 
America that have made the task of governing 
far more difficult than it used to be. 

The weakened condition of three principal 
governing institutions — parties, Congress and 
the presidency — has damaged the capacity of 
the system to develop ana sustain coherent 
policy. And (bar weakness has fed the growth 
in power of two other sets of institutions, inter- 
est groups and the press, winch, whatever their 
utility in other respects, are Ql-equippcd to 
develop national consensus. 

□ 

The decline of political parties, which have 
supplied the necessary connective tissue be- 
tween executive and legislative authority since 
the first decades of the republic, is a familiar 
tale. It reflects the suburbanization of America 
and the emergence of television as a principal 
ihmik of communication among other forces. 

The opposition to NAFTA was led by the 


that without genuine bonds of party loyalty, 
coalitions are hard to build. 

like his predecessors, Mr. Omton found 
that dealing with members of Congress was 
often tougher than negotiating with heads of 
other sovereign states. 

The president soon found himself trying to 
cut deals with people who operate in a ruthless- 
ly self-interested fashion. Toe classic case came 
when Senmor Herbert Kohl Democrat of Wis- 
consin. a multimillionaire who paid, for his own 
campaign, informed thepnisdentof the United 
States that the ceQingoa a gas- tax increase was 
precisely 43 cents. Because Mr. Kohl was a 
potential swing vote, Mr. Clinton had to accept. 

That was just one of many deals that enabled 
him to pass a budget by a tingle vote in the 
House and by Vice President Ai Gore’s tie- 
breaking vote in the Senate. NAFTA and other 
issues brought on more such bargaining. While 
Mr. Qin ton won more often than he tost on 
final passage, the bargaining process too often 


We Americans ought to be 
honest and say that the decayed 
condition of our institutions 
makes the odds against any 
president 9 * success daunting. 


Bat this president, unlike several of his prede- 
cessors, has an activist agenda; tins year alone, 
be hopes to restructure three basic social pro- 
grams - — education, welfare and health care. _ 
Historically, major changes in domestic poli- 
cy have occunrid in special circumstances, 
when the country was deep in a recognized 
crisis (the Great Depression setting the stage 
for the New Deal) or a president had just won a 
landslide election victory (Lyndon Johnson and 
the Great Society of 1965, or Ronald Reagan 
and the lax-aad -budget revolution of 1981). 

; Neither case fits Mr. Qmion’s situation. The 
doubts be raised in the campaign limited Ins 
victory to a plurality of 43 pertatt, which in torn 
has reduced bis political dout in the handrto- 
hand combat with the leaders of the other 535 
parties in Washington. Even as the economic 
recovery bolsters him, Us repeated imbroglios, 
personal and . political drag hun back down. 

. n 

If the parties arc weak and thepreadeacy is 
weak, then what word applies to Ccrigressnnd its 
reputation? The lawmakers have long bees die 
butt of jokes, bat the contempt in winch they are 
held these days bespeaks something darker and 
more sinister. An NBG-Wafl Street Journal poll 
last month found ordy three of 10 respondents 
tire national legislature. 

: effect an the legislators can be measured 


^ the mere act of 

gr. sol there 
Whoi scores of Honsetr^beisr^e^ 

than half their campaign funds 
action committees, the balance has shifted m 
ways that make it virtnaHy impossible any 
K to to oc^dertd « (W* 

care provides a case m pomt The Whi«^u« 
has logged into its computers the wmoof 
nune than WOO interest groups with substan- 
tial stakes in die health care battle.) . 

The other recipient of the power that has 
flowed out of Uw governing institutions is tne 
^Wfl^nffly, mm* of the agentto^ttiM 
Sat was done by political parties and elected 
officials in times past has dnf ted into the hands 
of news ar gMiw at io ns. 



in several ways. They rue bailing out in record 


Democratic majority leader and the majority 

e Demo- 


whip of the House. Two of the top three 
era is in tlx Senate also opposed the president. 
He put forward a high-priority health care plan, 
only to find it sandwiched between competing 
plans advanced by other groups of Democrats. 

The reality is that we do not have two parties 
in Washington. We have 536. The president, the 
100 senators and the 435 representatives are 
each a political party of one. Every one of them 
picked out the particular office he or she want- 
ed, raised the campaign funds, hired the poll- 
ster. the media adviser, the consultants, recruit- 
ed the volunteers, chose the issues — and ran as 
if it were the only office on the ballot. 

Once in office, they quickly discovered that 
governing is a tot tougher than campaigning, 


involved the sacrifice of important national 
goals — a rational energy policy, for example. 

It cost government some of its moral author- 
ity, for the public generally reacted with revul- 
sion to the spectacle of tins crude bargaining, 
not realizing that it is the inevitable by-product 
of a system in which every office-seeker and 
officeholder constitutes his or her own party. 
□ 

The weakening of the American presidency is 
the result of many forces, including the party 
splintering just discussed. The growth of gov- 
ernment programs has sapped the president's 
ability to manage any thing . 

Too many people beyond his reach — federal 
bureaucrats and state and local officials spend- 
ing federal dollars — do the day-to-day work of 


Bobby Ray Inman appointment casts doubt on 
whether he has figured out how to do it. 

A series of credibility crises has weakened 
Americans' trust in their presidents, from Lyn- 
don Johnson and Vietnam to George Bush on 
Iran-contra and “Read my lips, no new taxes.” 
Mr. Clinton has added to the list, with every- 
thing from his excuses for missing military 
service to the special prosecutor on Whitewater. 


numbers. In 1992, 65 House members retired 
from Congress; the earfy pace suggests that the 
numbers may be even higher this year. Marry are 
relative youngsters, like Representative Tim Pen- 
ney, Democrat of Minnesota, 42, who said he 
had been worn down after seven years by frustra- 
tion with a Congress “that is constantly frag- 
mented and seldom gets anything done.” 

For those who stay bdtind, the public mood 
feeds serious anxiety attacks. Members of the 
largest freshman class in almost half a century 
face with dread the prospect of r unning for the 
first time with the awful label ‘‘incumbent’* 
attached to their names. • 

Even uppertdassmen weigh and measure each 
vote for tne hidden time bomb it may contain, 
seeking constant reassurance that an opponent 
wffl not zap them with a 30-seoond spot foe 
their vote or that a singe slip will not be fanned 
into white-hot flames bythe talk show network. 
A House member win came to Congress a. 
quarter-century ago says: “I have never saved 
with more chickens than there are today. They 
don’t want to cast any tough votes.” 

- Politics abbors a power vacuum. The author- 
ity lost by the legitimate organs of government 

— parties, presidents and legislators — flows 
elsewhere, in America, mudTof It has been 
taken over by interest groups, which claim to 
“represent*' their members in ways that .ejected 
officials and politicians cannot or wffl not ' 

I do not take a purist view of special interests 
or their financial and political clout. In a cti^ 
verse, pluralistic society, representation has to 


most 
own care 


made avzfflable to everyone. They want govern- 
ment to cradt down on excesses, frauds 

,L., . 1 .: ,L~L — C_ , 1 . 


offs that they think are occurring in the health 
cm. But 


care 

meat 


When Foreign Operators Rock the Boats in Distant Harbors 


H ONG KONG — “Extremism in the de- 
fense of liberty” was once a conservative 
daim to virtue, but it never west unchal- 
lenged by politicians of a different stripe. 
Today, however, some extreme forms of free. 


By Philip Bowring 


market philosophy appear to go unques- 
e Wester 


lioQed in much of the Western world, despite 
(he instability they may sometimes cause. 

Last year France saw in the assault on the 
franc the machinations of foreign exchange 
dealers. So how must it fed for a iresefi urn-sized 
Asian country to be sutged to waves of foreign 
money over which it has little control without 
denying its own long-standing conmritments to 
the merits of the marketplace? 

In the past few weeks, most of the stock 
markets of Asia, and some in Latin America, 
have shown remarkable volatility. Daily 
movements in excess of 2 percent have be- 
come almost the norm. Movements of 5 per- 
cent are no longer a surprise. Even one of 10 
percent gets a headline for only a day. No one 
factor accounts for aO of this, but the biggest 
angle influence is the flow of foreign portfo- 
lio investment, or, in some cases, hot money 
chasing higher interest rates. 

Mostly this has been regarded as “a good 
thing” by almost evejyooe except some cen- 
tral banks that must try to neutralize the 
effect of these flows on their moaetaxy poli- 
cies- Recipient countries are able to boak of 


their nations’ attractions to foreign investors. 
Prices mostly go up. The market participants 
are naturally in the forefront of those saying 
that portfolio flows are an unavoidable port 
of globalization, and will help the more open 
developing economies by giving them access 
to cheaper capital than is available from do- 
mestic sources. Ail these are half-truths. 

It is worth taking a look at the response erf 
two of the most successful Asian economies. 
South Korea and Taiwan, to see bow they 
have responded to what has been happening 


whether the government would raise the for- 
eign limit from 10 to 15 or 20 percent The 
government is then abused by foreigners far 
insisting that the overall interests of the eco- 
nomy take precedence over their interests. 

In Taiwan, the government has postponed 
an increase in foreign portfolio levos. No one 


Free market advocates often do not under- 


and North America can .destabilize 
markets. So far there have been few com- 


coukf claim that Taiwan’s market volatility, 

sin South 


elsewhere. Both have been under severepres- 

finan- 


s ure from Western trade partners for 

dal sector liberalization, but both have either 
shelved plans for easing portfolio investment 
restrictions or even, in the Korean case, put 
up additional bureaucratic obstacles. 

The Seoul bourse has been one of the more 
stable in Asa because of the relatively small 
part played by foreign money, which was 
confined to a few institutions. Indeed, as 
recently as 18 months ago the fond managers 
of London and New York who now pay 30 
percent pramums for Korean funds would 
not touch them at a 30 percent discount 
Much of the recent movement on the Seoul 
market has been due to speculation as to 


has ever been foreign-driven, but, as in ! 
Korea, there are money-supply and interest- 
rate consequences. 

Contrast this with Thailand. The foreign 
portfolio has not just helped lift the stock 
market by more than 100 percent over* year. 

». ^ % uttered nyes 

(be maintained with- 


New Zealand has had to cope with floods of 
money from “experts” who barely knew where 
it was a few months earlier but teamed that it- 
had a reserve bank with an anti-inflation con- 
rotntion Resate a flood of mcney that pushed 
the currency np and interest rates down far 
enough to threaten economic damage. 

Even India has been affected, although its 


stock marker only recently came into favor. 

l to $2 bulioamay not seem 


t remember 1987? At that Jnne Aaafi 'mar- 
kets were far less influenced by foreign port- 
folio^ than now, yet they slumped even more 
sharpy than Wall 'Sheet did Nett time the 
carnage cotdd be worse, and last tonga, be- 
coming a significant political issue. The cry 
will so up: ‘^Foreigners caused our market to 
fall 50 petcenL In Jfuture^kecp them oat!” 

Such sentiments win andennme ararm'i- 
ment to more important aspects off the market 
economy — free trade, flow of direct invest- 
ment, transfer of technology and so on. 

Tlns is not to argue, against the merits of 
giobafizttion or erf investing in emerging mar- 
kets. Bot recent excesses could endanger a tot 
more than broker, exdungD-defliler and ftnid- 
managm commissions (and personal account 
dealings, which drive so many of them). The 
Koreans and Taiwanese are i^it to be wary. 
If fiberaBsm and national interest are to be 


Inflow of SI billion to $2 1 
much to a stock market with mp aaf i rarinu of 
$100 trillion. But, as in Brazil which, is of 
similar size, the impact is tag because markets . 
are thin relative to capitalearioa. 


compatible in the long run, economic man- 
agement of countries flee South Korea, Ma- 


laysia and Thailand cannot be beholden to 
the whims of the portfolio allocators and 
currency speculators. •' 

• International H erald T Hbune. 


Evidence of Nazi-Communist Collusion Behind the Propaganda 


N EW YORK — Even today, it is 
widely believed that during the 
1930s Stalin may have been tyranni- 
cal and treacherous but at least bis 
anti-fascism was genuinely anti-fas- 
cist. Wasn’t it? 

The Communists may have done 
monstrous things, but about Hitler 
they were ahead of the complacent, 
appeasing democracies. Weren’t they? 
There ts good reason to doubt it. 
On the freezing night of Feb. 27, 
1933, the parliament building in Ber- 
lin, the Reichstag, was demolished by 


By Stephen Koch 


Communism and fascism 
served each other in 
destroying freedom. 

A Dimitrov conspiracy 
woiddbe the earliest 
evidence of a secret bond. 


fire in an obviously political yet mys- 
terious act of arson. 

That fire marked the be ginning of 


the totalitarian age in Europe. 

Using it as a pretext, utt newly 


elected chancellor, Adolf Hitler, shed 
the mask erf democratic pretensions 
and struck. The Naas' prime tajgei 
—even before their anti-Semitic per- 
secutions —was the German left the 
Communists above all Many impor- 
tant leftists were rounded up in m»« 
arrests; others fled, mainly to Paris. 

A meaningful Communist response 
to fascism had been curiously slow in 
coming, but with the Reichstag fire 
the battle between the Nazis and the 
left at last seemed imminent. 

Seeking to pin die fire on the Com- 
munists, Hitler convened a show trial 
in Leipzig. It starred a senior Bul- 
garian Communist. Georgi Dimi- 
trov (one of Statin’s closest asso- 
ciates), and two or his aides, along 
with a young Dutch far-left crank, 
Marin us Van der Lubbe. who almost 


The Communists counterattacked 
with a worldwide propaganda cam- 
paign, which was vastly more persua- 
sive than the Nazis’. It was officially 
and popularly welcomed by the West, 
which appropriately fdt threatened 
by developments in Germany. 

The campaign was covertly direct- 
ed by the secret service of the Comin- 
tern, the Kremlin’s international arm, 
and masterminded by Willi MQnzen- 
berg, the organizational genius bo- 
bind the Comintern's propaganda 
operations in the West 
Using fact and fiction, he set out to 
co-opt and lead widespread revulsion 
against the events in Germany. This 
set the agenda for the anti-fascism of 
the era. Mr. Mfmzen berg’s apparat- 
chiks revealed many Nazi honors, 
with a special foots on the leadership 
of the SA. the Nazi party’s private 
army of brown-shirted thugs, and 
their commandant. Ernst Rohm. 

The war of words was designed to 
reach beyond Communist ranks to en- 
lightened people everywhere— artists, 
writers, intdkctuals, everyone aroused 
against Nazism. AH were drawn in, as 
wdl they rraght have been. 

Yel after a seven-month trial be- 
fore five German judges that was 


purportedly set up to destroy him 
and that was 


surely acted alone in setting the fire. 
All had been arrested in Germany. 


: was marked by unrelenting 

Nazi prosecutorial invective, Mr, Di- 
mitrov was acquitted late in 1933. 
How could this nave happened? 

During the trial, rumors circulated 
that a secret deal had been struck 
between the Nazi and Communist se- 
cret services, assuring Mr. Dimitrov 
and Ins two lieutenants of acquittal 
Evidently the rumors were true. The 
trial was a charade within a charade. 

In 1948, Ruth Fischer, a former 
high-level German Communist, in 
her bode “Stalin and German Com- 
munism,” published persuasive evi- 
dence of just such a covert collabora- 
tion. based on her conversations with 
Communist and Nazi go-betweens. 

During the trial, she was let in on 
the general outlines of the apparent 
deal by Wilhelm Keck, who would 


become president of East Germany. 
In 1933 be had sought her assistance 
in the propaganda operations. 

During and after World War II, 
Miss Fischer systematically tried to 
learn the whole story, using , among 
others, Rudolf Diels, a former Nazi 
deeply involved in the trial and the 
Gestapo, and Bob Edwards, a former 
high-level British Communist who 
had learned details of the apparent 
conspiracy in Moscow. 

In 1989, 1 interviewed Mr. MQn- 
zenberg’s widow, Babette Gross, 92, 
in Munich. She confirmed Miss Fi- 
scher’s information about a deal 
After 1991, when the Comintern . 
archives began to open, new docu- 
mentary evidence revealed high-level 
contacts between German army offi- 
cers and Stalin’s aides on such mat- 
ters as General Rohm and the SA and 
details of Mr. Dimitrov’s release, 

The evidence on what I had cane 
to regard as the Dimitrov conspiracy 
seemed dose to conclusive. 

In 1992, Peter Sentet^iev, a former 
member of the Bul garian party’s 
Central Committee, who had been . 
very dose to Mr. Dimitrov, tokf tne 
that during the ’40s and '50s the se- 
cret conspiracy was known to him 
and a few top Bulgarian leaders. 

What could posaMy have motivat- 
ed both dictators to make such an 
arrangement? They fulhr intended to 
destroy each other. Yer they had 
much in common, not least theu- radi- 
cal haired for liberal democracy. And 
in 1933 each had practical reasons for 
wanting a propaganda war with more 
bark than bite. - 
Neither wanted to escalate their 
enmity to the level of prematnre 
armed conflict. But they nreded each 
other to reinforce the mutual mass, 
fear and loathing that sustained their 
claims to totalitarian power. 

And both seem to have benefited 
from supplying each other with disin- 
formation to be used ag amyr their 
domestic enemies. 

We have tong known that Stalin 
arranged for forgeries made by the 


Gestapo to discredit Field Marshal 
MikhaO Tochachevsky and others he 
murdered in the Great ^ Tenor of 1936- 
1938. My evidence indicates that Hit- 
ler used the NKVD and the propagan- 
da generated by Mr. Mfinzenbeqfs 

apparatus for the murder of General 
ROhm and tbo slaughter of Ins SA 
storm troopers doting, the Ni ght of 
Long Knives co June 30.1934. 

white Himmler's SS blackshirts 
were machine-gunning their fellow 
Nazis inlheSA, Stafetsmtunoncdlris' 
closest advisers to the Kremlin fra’ a 
midnight meeting. According to the 
memoir of ^ Walter Knritsky, a seaior 
intelligence officer who defected to 
theWeshStalmsaidthat&rtitatvay 
boor Hitter was consolidating his po- 
sition as Europe’s most powerful fig- 
ure Therefore, the true Soviet poScy 
henceforth would be seaetiy to seek* 
despite the anti-fascist appearances, 


an aocraruiKidatirai with the Nazis. 

This directive, according to Mr. 
Krivitdcy, was han ded down six years 
befrae tte Nazi-Soviet fiance of Au- 
gtiSt 1939 set the stage for World War 
u. Thus, almost certainly, the most 
urgent moral cause of the 1930s, arzti- 
. fascism, was betrayed from wi t h in by 
piccisefy the Communi.sfs who most 
ardenfly daimed it as their own. 

The differences between commu- 
nism and fascism woe profound, yet ■ 
tberetenqdoobt that they served each 
otherin destroying freedom A proba- 
bte Dimitrov conspiracy is the earliest 
evidwceof tbaksecsel bond. 


writer, dudnrumqf the writing 
division ^Cdatdda.Unrreraty,isetu- 
tfra of Double Lrtes,” about espio- 
nagearidadtore before the Odd War. 
He xayrtbuted- thixxommenito.The 
New York Tones. . 


IN OUR PAGES? 100, 75 AND SO YEARS AGO 


1894: Bismarck’s Return : 


BERLIN — Prince Bismarck win ar- 
. rive in. Berlin on Friday [Jan. 26] and 
wffl therefore be able to be present at 
the court festivities in honor of the 
Emperor’s birthday. He will be 
lodged m the castle in die suite of 
8partmen& occtmed by the Cesare- 
yiteh on the occasion of his last visit 
to Berlin. Tlw duration of his stay is- 
not yet determined. General Cornu 
Waldersee, the Commander of the 
9th Army Corps, whose headquar- 
tes rs at Al tons, only a few miles 
distant from Prince Bismarck’s 
bouse, has received orders to pm- ' 
ceed to Friedrichsruh, arid wfll 
probably accompany the ex-Chrin- 
odlor to Berlin. Various patriotic 

associations arr mfnmH : : 


American impatience with the seem- 
ing riowness trf t& Peace Confer- 
ence. In tite’abseuxte.crfjbe expected 
business boom, many people are ask- 
ing why pretiMorasdu does not 
hurry hom^to^e jftentKHi to die 
mmy connected 

which ffiJSKy 
[Jan. _25] ■ declares is “approaching 


a perilous sage/ 


1944:^ mautfon Sofia 


1919: Problems at Home 


IGNDON ~ [Fram acr New York 
efflti<m:TT^e German 'official news 
1 ajEenq^iXN.BL sard eariy today pan. 
J that Aroaican bombere escorted 
f ffitfeera atfemoted toattack Sofia,. 

*,^at nbaa yes- 



S “Pafty Te fcK 

graphs” New York com^xjndau 
wires that there are symptoms of 


terriay.^ Aiffl-aircrafr fire and Geriam 
and : Bulgarian fight w . bImim . dis* 
persetfihegzeatorpartoftheAineri- 
caapfanes before reached Sofia, 
D.N_B; said. A somber of the Ameri- 
caa planes, d said, were shot down. 



* 


Reporters 

Consensus-building l. — — ----- 
job. I gmvhing and carrying through pubhc 
policy requires sustained effort. The press in all 
itsiorms is episodic. We flit from topic to topic. 
Our attitude toward institutions is cavalier. 

• All this hobbles our abfliiy to substitute for 
political leadership — even irwe had any ctanu 
to do so, which we do not. 

Does this mean tiatgowaraing is impossible? 
No, but his increasingly difficult. This is not to 
make alibis for President Clicton. He promised 
nati onal leadership and; it is up to him to 
deliver. Bat we Americans orote to be honest 
and say that the decayed condition of ou r vital 
institutions makes the odds against any presi- 
dent's Success pretty daunting. 

And we might acknowledge another fact: our 
own complicity in these problems. Weak as our 
institutions row be, they have not lost their. 
rw ynngf wwMss. when the American people send 
an unequivocal signal erf what they want done, 
Washington still jgets the message— -and acts. 

Look at gun control Fra years, polls had 
drown majority support for stricter . measures, 
bat there was so little passion behind the pofl- 
ing n umb er s that aggressive lobbying could de- 
feat measures Site tbefira ^ 

pElfdent and^othpuitt gotantheSi^ 

But often, the perarfe send confusing, cbntra- 
Sctoty signals to Washington, For example, 
aost Americans say they are satisfied wife tneir 
but would like to see health insurance 


X 

itf- 


i 




i 


andrip- 


they don’t want a big govetn- 

y or any government official 

between. than and their doctor or 

., And, by the way, they don’t want to 

pay more taxes? for more protection. 

- When people begin to resolve some of these 
contradictions in their own minds, they may be 
able to start repairing battered institutions. 

The Wdshingtoa Pose 


££- ‘ 
y- 




ie 




or. • 

V-jv- *- 


air 

is ' 
er-'r - 
<s.~- 


ZT-.. 


- 


* 



i 1 






INTERNATIONAL HERALD TRIBUNE, TUESDAY, JANUARY 25, 1994 


Page 7 


OPINION 


A Guide to the State of the Speech 


WASHINGTON — You cannot 
watch a State of the Union ad- 
dress without a scorecard. Here is a 


tQtriauc defeases to pasu; myourhai as 
President B3I Clinton and the Congress 

pul on their annual pregame pageant. 

1- Watch for the Keyword theme-set' 
ter. Presidents say, “The State of the 
Union is — ” and chea add “good** or 
“sound,” or as one did in an unprece- 
dented fit of candor, “not good.” & Mr. 

CUnton says something like “getting 
bettor keep your eye otit Ion 
L The ciimbrng-economy credit grab. 

Ordinarily the results of the first year are 
blamed on the previous administration; 
new policies take a year to take effect lion next 
inis year, however (thanks to the defeat 


By William Safire 

of the benighted Clinton stimulus pack- 
age. and to the drop in oD prices be- 
queathed by President George Bush), 
the economy continues to grow without 
inflation. Listen to credit being snatched 
by Democrats, culminating in; 

3. We have aH but licked the budget 
deficit, so come home. Perot voters. 
Remember those dire $300 billion red- 
ink projections? Thanks to spending 
reductions (forced on the administra- 
tion, but now welcomed) and the afore- 
mentioned Clinton climbing economy. 


we are projecting a piddling $180 bfi- 
year. Do . , 

anyone blamed for cgregibusly wrong 


not expect to hear 


Not Such a Bad Record 

By Morris B. Abram 


N EW YORK — As the century 
nears its end, the United States 
occupies .a preeminent position, the 
most dominant in its history. In part, 
this has to do with the misfortunes rtf 
.others — an empire has fallen, coon- 
tries have fractured, economics sag. 

This has been a century of much 
technical progress, yet it has been the 
bloodiest ever. Millions died in two 
world wars; millions more were 
killed by their own governments. 
Throughout all this, the United 
Stales, for all its difficulties, has re-, 
mained the hope and haven of those 
seeking a better life. 

In my years at the United Nations, 

I listened to much criticism of the 
United States (though less in recent 
years). It is said to be materialistic, 
racist, violent and hegemonic. But in 
(his far from ideal work!, the United 
Stales has established a remarkably 
admirable record. Twice in this centu- 
ry it came to Europe's rescue. After 
each salvation, it tried sentimentally 
to establish the international mechaT 
nisms to prevent a recurrence. 

After World War D, the United 
States donated large sums to rebuild 
the economies not only of its allies but ■ 
of its defeated enemies. In 1951, al- 
though they were weary of war, Amer- 
icans took up aims to defend Korea. 
As the anchor of NATO, they shoul- 
dered the burdens and risks of con- 
taming Communist aggression. 

In Vietnam, the American ‘ 
to protect went too far. Die it 
ble lesson is that a vibrant democracy 
can bring down an otherwise good 
presidency by democratic protest, 
lire succeeding president was nimsdf 
driven from office after offending 
its traditions. 

These arc instances, only a few 
years apart, in which the American 
people revoked mandates and toppled 
commanders in chief by bloodless re- 
sistance. Despite die turmoil, Ameri- 
can democracy was never threatened. 


During this same period, legalized 
racism has been overcame by legisla- 
tion and court action. Large' seg- 
ments of society have bees obliged to 
give obedience, sometimes by sullen 
surrender, to the nation's higher 
. principles, which prevail over preju- 
dice on such explosive issues as race, 
religion and the language of hate. 

- Although America is composed of 
.as many ethnic and religious groups 
as any country, not since die Gvfl 
War has any group tried to break 
away. America’s racial patterns are 
changing and its economy is xnatur- 
" tag, but the constant is peaceful ad- 
justment within the framework of a 
constitution that has been amended 
r 26 times in mote than 200 years, 
is a serious concern. But 
the United States has not yielded its 
traditions of doe process. As with oth- 
er problems, the nation confronts its 
concerns through open debate and 
tree elections. Congress has began to 
take control of the gun problem. 

Economically, the United States is 
hot booming, but its unemployment 
figures are half those of most of the 
advanced European countries. The 
American spirit of free enterprise and 
open markets has been copied by the 
prospering Asian states and even by 
former Communist systems. After 
years of self-examination. American 
mdusny is again among the most effi- 
cient in die worid. 

. The most sincere form of flattery 
may be imitation, but the most con- 
vmrmg evidence of a society’s attrac- 
tion is in immigration patterns. There 
is no doubt that in the worst of times, 
the beacon held aloft by the Statute of 
Liberty has enticed more of mankind 
than any other light anywhere. 

The writer, a former US. permanent 
representative to the United Nations in 
Geneva , is charman of the United Na- 
tions Watch, Geneva. He contributed 
this comment to the Herald Tribune 


projections, or credit given skinflints 
for suggesting that growth, not tax- 
ation, is the way out of deficits. 

4. Centerpiece time, as he waxes rhap- 
sodic about Health Reform, letting cam- 
eras linger an the lady in the gallery, 
who win not be holding bands with the 
Fed’s Alan Greenspan. (Unemployed 
KremlioologUts, skilled in measuring 
proximity to power of bureaucrats atop 
Lenin’s Tomb on May Day, wQl watch 
for Hillary’s seatmate tins year, which 
may be the due to this vear’s Pentagon 
boss, unless it is skater Nancy Kerrigan.) 

5. Listen for Ewawki — acronym for 
“Ending Welfare As We Know It” — 
the continued abandonment of which 
would strangle health reform in its uni- 
versal crib. Watch for cameras to swing 
to Daniel Patrick Mpynihan’s smile of 

nnrririinirinihilip ilificatinn, as he USICIIS 

to this surrender to his demand that 
health and welfare reform be remarried. 

6. Observe the frustration on Republi- 
can faces as Democrats wildly applaud 
his brazen kidnapping of the crime issue. 
Liberal root-casuistry is dead; in the 
politics of personal security, it is no 
crime to stem the opposition s dothes. 

7. Catch the list of Popular Accom- 
plishments from national service to the 
signing of family leave, from happy talk 
of information superhighways to reiu- 
vention of government (watch him turn, 
shake hands with Al Gore, properly call- 
ing him “Mr. President” — of the Sen- 
ate) bat note how little is said about 
controversial actions, from the compro- 
mise on gays in the military to support 
of abortion rights. 

8. Listen for the strain in his voice as 
he tries to daim foreign-policy success 
in (beholding of meetings. He has been 
practicing the line “From meetings in 
Moscow to promote democracy to 
meetings in Tokyo to revive the world 
economy, our seriousness of purpose is 
winnin g respect around the world and 
getting results”; if he tries this lolla- 
palooza of a non-applause line in the 
State of the Union, observe the embar- 
rassed silence on the (eft and unseemly 
guffaws on the right. 



The Golden Spoiler Elbows 
Its Ugly Way Onto the Ice 


By Anna Qoindlen 


N EW YORK —Figure skating is like 
a dream. “Everything was beautiful 
at the ballet,” three dancers with frac- 
tured childhoods sing in “A Ghonu Line” 
of thrir refuge in toe shoes. That is what 
skating evokes, when the ice is sUwr- 
bright. the blades swift, the skater accom- 
plished — a beautiful momentary release 
from the tatters erf real life. 

That is somewhat illusory, as any giri- 

MEANWHHE 

child who has risen before dawn to prac- 
tice her compulsory figures day after 
day. year after year,' can testify. Behind 
the glorious line of leg and upraised arm. 
behind the double axels and the uiple- 
toe combinations, lie sweat and tears 
and pain. And behind it all at the high- 
est levels, ties that golden thing that 
has become all that glitters in much 
professional sport today: money. 

So why so shocked, sports fans, to find 
hovs far and how low the love of lucre can 


LETTERS TO THE EDITOR 


9. Bully that pulpit; stand by for 
uplift The adept politician presses his 
oratorical strength. Because Mr. Clin- 


ton's strongest speech of the year was 
delivered at Memphis to a black audi- 
ence. raffing for individual moral re- 
sponsibility and a rebirth of family val- 
ues, look for a return to this theme — 
this time; aimed at Americans of all 
iTlrs Park your cynicism with the House 
doorkeeper, this is what presidents 
should do, and what Mr. Clinton has 
shown he can do well- 
10. Ask. not why the speech is running 
close to an hour; ask why the assembled 
solans, Snpranes and secretaries are in- 
terrupting so often with applause. Be- 
cause when they are clapping, the cam- 
era pans their faces. They seldom dap 
far the president, no matter wbo he is: 
they dap for the camera to give them 
face time with the American people, 
whose Union is free and prosperous — 
and though testy and self-absorbed, 
in a fairly good state. 

The New York Tunes. 


The Serbian Church 

Regarding “ Bosnia's Holocaust Ruts 
the Churches to Shame ” ( Opinion, Jan. 5 j 
by Henry Siegman: 

The Serbian Christian Orthodox 
Church does not sanction any “feckless- 
ness and faithlessness” in Bosnia, as Mr. 
Siegman alleges. The head of our 
church. Patriarch Pavte. has prayed for 
peace and asked aD three warring fac- 
tions to observe rules of human behavior 
and not to commit atrocities. 

During his visit to Austria in Novem- 
ber, Patriarch Pavfe stated that be would 
not “accept any Serbia, large or small, at 
the cost of crim es '* and that in Bosnia 
there were three culprits, not one. 

We trust that Protestant, Carbolic and 
Jewish religious institutions wfll assess 
Mr. Siegman's call for bombing the 
Serbs as being reckless and alien to the 
spirituality of any religion. 

IVAN ALEKS1C 
and MILUN KOSTfC. 

Loudon. 

Inman and His Detractors 

In defense of Bobby Ray Inman. I 
would like to say that throughout his 
long career in public service, he has been 
recognized as being exceedingly bright, 
capable, honest and a devoted servant of 
his country. 

Now, after his recent confrontation 
with the media, it is open season on Mr. 
inm^n. If the press's moral crusading is 
allowed to continue at its present pace, I 
fear that the overall quality of candi- 
dates for public service will dwindle (if it 
hasn't already); and that the United 


States will be saddled with government 
officials whose only qualifications are a 
thick skin and a thick bead. 

PETER B. MARTIN. 

Montcuq. France. 

If Bobby Ray Inman can be scared 
out of Washington by the likes of Wil- 
liam Safire, lapdog of two discredited 
administrations, then, as Senator Bob 
Dole suggests, he was probably not the 
man for the job. But in the future, Mr. 
Safir e should be restricted to commen- 
tary on grammar and etymology; his 
reminiscences of the good old Nixon 
days threaten a triumph of dullness. 

MICHAEL G. HANLY. 

Paris. 

The Fate of Cypriot Turks 

Regarding “lWrr Turkey Invaded” 
(Let ten, Dec. 15i: 

T. L. Chrysanthopoulos asserts that 
“the Turkish Cypriots were never in 
danger” during the faded Greek coup. 
Thar is exactly what mv Turkish Cypriot 
grandparents were told shortly before 
being abducted and murdered bv Greek 
Cypriot soldiers in Cyprus in (964. 

No one can denv that hundreds of 
Turkish Cypriot civilians, sometimes en- 
tire villages, were slaughtered by the 
Cyprus (Greek Cypriot) and mainland 
Greek armv during attacks in 1963-64, 
1967 and 1973-74. As a result of the 
Turkish military intervention the lives of 
thousands of Turkish Cypriots have 
been saved. So hare the lives of Greek 
Cypriots opposed to the annexation 
of Cyprus by Greece. 

As to the “settlers.” mainland Turks 


have settled in Cyprus, but more than 
double the number of Turkish Cypriots 
have fled Cyprus for Turkey or else- 
where because of the conflict, 

CAN AN SIN AN. 

Geneva. 

Turkey and Rights 

Regarding “ Unappreciated Turkey ” 
(Letters, Jan. 5): 

Mehmet Oguicu seems concerned 
that Turkey doesn’t “receive any mean- 
ingful support from its allies, including 
the United States.” I suggest that this 
may be due to Turkey's poor human 
rights record, which has been more than 
adequately documented. 

PETER ADAMS. 

Paris. 


Play It as It Lays 


Regarding "Rex Morgan” (Comics, 
Jan. )0): 

If Berna’s brother Dexter is “proba- 
bly laying in bed,” be must be laying 
eggs and m need of English lessons even 
more than of cooking lessons. 

LEONORE SUHl* 
Portim 4 o. Portugal. 


Letters intended for publication 
should be addressed “Letters to the 
Editor" and contain the writer's sig- 
nature, name and full address. Let- 
ters should be brief and are subject to 
editing We cannot be reponsiNe for 
the return of unsolicited manuscripts. 


take competitive athletics? Why so 
shocked to discover that those allied with 
Tonya Harding's brilliant, bumpy skating 
career — and. some say, Tonya herself — 
were allegedly willing to do violence to 
her rivaL Nancy Kerrigan, for a pot of 
gold at the end of the Olympic rainbow? 

Get real The statistics about top foot- 
ball, basketball and baseball players to- 
day are as often the sum total of their 
commercial endorsements and contract 
negotiations as they' are batting averages 
or pass completions. Watch Wimbledon 
ana it is tike watching a collection of tiny 
moving billboards, the corporate logos of 
juice companies and shoe manufacturers 
plastered on sleeves, wristbands, shorts. 

Chris Even, the champ who always 
knew the difference between competi- 
tive and cutthroat, says she is glad she is 
not playing tennis professionally today. 
“Wherever there's more money, there's 
going to be more downfall.” 

Jennifer Capriati did not sell her ado- 
lescence for the thrill of the percussive 
sound of tennis ball meeting racket. She 
spent the years between 23 and 17 in 
cnild labor on the professional drettiu 
earning more than Si million. No one 
should be surprised that bad things are 
done for that amount of cash, or that 
Jennifer is now burned out and wants 
nothing more than to finish high school 

In recent years it has become dear 
bow much athletes are willing to do to 
win. Featherlight gymnasts, their rib 
cages aflutter as they stood with arms 
raised to the crowd, threw up their low- 
calorie meals or did not eat in the first 
place. Steroids became the breakfast of 
champions for the bulk-up sports. Is it 
really that great a leap from hurting 
yourself to hurting the competition? 

There may have been a time when the 
feeling of the earth moving so effortlessly 
beneath ibe blades of her skates was 
Tonya Harding's great reward. And may- 
be there are moments when those blades 
still mute the sound of coins clinking, 
when she forgets that she is famous and 
just about broke and cares only that she is 
superbat the sport. 

Tonya, like so many others, was in it 
for the money. Now,' with all the bad 
publicity, it wfll never come. Tonya is a 
hard case, tough and smart-mouthed 
and enormously talented. Had she been 
a young man in baseball she might have 
made a mint- But figure skating is still a 
dream, and Nancy Kerrigan, not Tonya 
Harding, is a dream girl sweet, beauti- 
ful graceful and suited to chiffons. 

No bad childhood, no financial woes, 
no competition or rewards could ever 
excuse the moment when someone act- 
ing on Tonya Harding's behalf, if not 
her behest, whacked Nancy Kerrigan in 
the leg. Bui why so shocked? The motto 
of professional athletics has been clear 
for some time — it isn't how you play 
the game, it's whether you win. When 
money is the root of all evil follows. 

The Men’ York Times. 


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


Fisher Island is one of a few 
places in the world where 
people can truly enjoy a 
remarkable lifestyle. 

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

Its seaside residences are as 


Steven J. Crrm and Us wife Dorothea ht 


iOCJJ — _ 

Mrs. Green UtUwuer of Horn America 
at Fisher Island Gallery, and Mr. Green 
is Chairman of the Board of Samsonite 
Corporation. American Tourisar, ' 
CoJJtRan International and McGregor 
Fashion Group. 


large as 9,000 square feet, with 
5,000 square-foot terraces 
overlooking the Gulf Stream. 
Biscayne Bay and the skylines 
of Miami and Miami Beach. 

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

• The family’s spectacular 
winter estate included a dra- 
matic home by the ocean and 
charming cottages and guest 
villas amid resplendent gardens 
and fountains. The mansion 
and surrounding structures 






have been restored to their 
former grandeur as centerpieces 
of The Fisher Island Club. 

In recent years, impressive 
recreational facilities have 
been added. There is a P.B. 
Dye championship golf course; 
an international spa lauded as 
one of the finest of the 1 990s; 
a racquet club with clay, 
grass and hard courts; two 
deepwater marinas; a mile of 
Atlantic beach; and a variety 
of restaurants. 

There also are manicured 
parks; an island shopping 
plaza with a bank, posi office, 
trattoria and dockmasrer’s 
office; and an atmosphere of 
security that allows residents 
to lead a life of privacy and 
pleasure. 

Little wonder, 400 of the 
world’s mosr distinguished 
families, hailing from 39 coun- 
tries, call Fisher Island home. 

We invite your inquiry. 

Residences $800,000 - 

$6,000,000 


FISHER ISLAND 


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Clockwise from top left , jewelry by Yuko Nakajima, Mark Silverman, Paola Longhi 
and Jasper Lam Siu Yuk, which won Diamonds-Intemational Awards for design. 

Dressing the ’90s in Diamonds 

Imtmaaaiul Herald Tribune acrylic laid on top of diamonds and American offer- 

P ARiS — A gust of fresh air and a flood of ings that were “casual and fun" but still exciting. 

daylight have swept through the opulent world Mark Silverman, whose glitter gulch diamond spurs 

of 'diamonds. That is the message from a new could be just the thing to offset your cowboy boots, 
generation of jewelry designers worldwide, said he wanted a design that was “whimsical and 


International Herald Tribune 

P ARIS — A gust of fresh air and a flood of 
daylight have swept through the opulent world 
of diamonds. That is the message from a new 
generation of jewelry designers worldwide. 
The biennial Dtamonds-lntemationaJ Awards — the 
jewelry Oscars announced in Paris — were about the 
incredible lightness of fine jewel s for the 1990s. 

Here were diamonds winking from translucent nug- 
gets of rock crystal, sprinkled on a mesh of gold 
bracelet or quivering at the neck suspended from the 
skinniest of leather thongs. 

The settings might be complex, fancy or even funky 
1 — what price a pair of diamond spurs?— but the award 

winners all had a lightness of touch and technique. The 
results — some classic, others experimental — are likely 
to influence not just future designs but also attitudes, 
which in the past have often been reverential and stuffy. 
The new deal was symbolized by the British designer 
John Galliano, his hair teased into devil's boms, as one 
of the designer guests whose outfit appeared in the gala 
fashion-with-diamonds show. 

The American jeweler Henry Dunay, whose bold 
piece flashed with blue enamel was an award winner, 
praised the energy and color of the designs — and the 
American sense of humor. 

“f see a lot of enamel with color coming through 
strong and a sense of designers saying. ‘Let's not be 
afraid,' ” said Dunay, citing the Japanese design of 


acrylic laid on top of diamonds and American offer- 
ings that were “casual and fun” but still exciting. 

Mark Silverman, whose glitter gulch diamond spurs 
could be just the thing to offset your cowboy boots, 
said he wanted a design that was “whimsical” and 
“that hadn't been done before — and something 
western seemed very American." 

The rise of the Pacific Rim countries in jewelry 
design was marked by the first award winner from 
Smith Korea: Hee Won Kang's lacquer-and-diamond 
geometric earrings dripping from lobe to shoulder. 

From the Philippines came a striking crystal neck- 
lace, the diamonds buried in what looked like irregular 
ice blocks. “I knew it had to be unique and I played 
with the crystals," said Jul B. Dizon. 

Vibrant enamel colors gleamed from the geometric 
green neck piece designed by Ann Gerard of France 
and from the blue enamel cun with diamond suns and 
stars from Diego Benetti of Italy. An ecological spirit 
for the 1990s brought a leaf pin, its surface a mosaic of 
diamonds and dewdrops in acrylic, from Yuko Naka- 
jima of Japan. 

Janis Savin of the United States expressed the spirit 
of the exhibits when she said that her diamonds, 
suspended like raindrops from a necklet of leather 
thongs, was “to treat diamonds as casual and wear 
them with everything you own" 


tes*: -per s 


r * J 


CbMiOonMe 


Among guests when Ambassador Pamela Harriman (left) hosted the Friends of Blerancourt were Lynn Wyatt ( top right ) and Nan Kempner . 

Across the Atlantic : Amity and Architecture 


By Suzy Menkes 

International Herald Tribune 


P ARIS— The hostess sym- 
bolically wore the pants 
— and so did all the ele- 
gant Franco- American 
guests — when Ambassador Pame- 
la Harriman opened her residence 
to the Friends of Bttrancourt 
It may be a group devoted to 
rehabilitating a ruined chateau, but 
Friday's fund-raising event was a 
fancy affair, with a dinner by Tail- 
1 event restaurant and a guest list as 
grand as when the chSteau was 
rescued by Anne Morgan (daugh- 
ter of J. P. Morgan) and her Social 
Register friends. 

“The raison d’etre of Bteran- 


Suzy Menkes 


DOUBLE LIVES: Spies and 
Writers in the Secret Soviet 
War of Ideas Against the 
West 

By Stephen Koch Illustrated. 
419 pages. $24.95. The Free 
Press/ Macmillan. 

Reviewed by Christopher 
Lehmann-Haupt 

TT IS goal “was to create for the 
XI right-thinking non-Commu- 
nist West the dominating political 
prejudice of the era: the belief that 
any opinion that happened to 
serve the foreign policy of the So- 
viet Union was derived from the 
most essential elements of human 
decency." 

So writes Stephen Koch of Willi 
MQnzenberg (1889-1940). the cen- 
tral character in his intricate and 
fascinating narrative, “Double 
Lives: Spies and Writers in the Se- 
cret Soviet War of Ideas Against 
tire West." 

MQnzenberg was a German 
Communist who was introduced to 
Lenin in Switzerland by Trotsky in 
1914. Less like John le Cane's Kar- 
la and more like Henry Luce, as 
Koch puts it, MQnzenberg rose to 


ESCAEft 

In Paris 
left bank 


BOOKS 


WHAT THEY'RE READING 


• Joel Levy, spokesman at the 
American Embassy branch office in 
Berlin, is reading “Omar. Making a 
New Science " by James Glrick and 
"Gray Dawn” by Charles Hoffman. 

“I enjoy reading several books 
during the same period. ‘Chaos' is 
an account of the development of 
that branch of mathematics which 
finds the order in apparent chaos. 
•Gray Dawn’ is an insightful look at 
the Jewish communities of Eastern 
Europe" (Michael Kallenbach, IHT) 



Marie-Maitine 

8, rue de Sevres, 

Paris 6 th 


become a clandestine leader of the 
Communist International or Com- 
intern, whose true mission, Koch 
argues, was not to create interna- 
tional revolution but rather to dis- 
tract the world from whatever the 
Soviet dictatorship was about 

In that role. Koch writes, MQn- 
zenberg created an extensive net- 
work of agents, both witting and 
unwitting, that extended from Lon- 
don to Paris, from Berlin to Barce- 
lona and from Washington to Hol- 
lywood. Through these “agents of 
influence," he was able to shape the 
West's perception of events like the 
Sacco- Vanzetti case, which became 
an emblem of American injustice; 
the Reichstag fire, which Hitler 
used (with Stalin’s perverse cooper- 
ation) as a stepping stone to power, 
and the creation of the Popular 
Front against Fascism. Koch says 
the left-liberal alliance served 
mainly to divert the world's atten- 
tion from the reign of terror that 
Stalin visited upon his followers. 

If Koch is right, then Mtmzen- 
berg's reach extended to the re- 
am ling of Whitaker Chambers by 
the Russians and to the founding 
and editing or the “Stalinoid New 
York daily paper PM," every word 
of which in the papa's first months 
the author reasons was “approved 


in advance" by Dashiell Hammett 
and Lillian Heilman, “either in 
New York or at Heilman's farm in 
Westchester County.” Munzen- 
berg’s network even affected the 
behavior of Ernest Hemingway. 
John Dos Passes and Josephine 
Herbst in a treacherous incident 
during the Spanish Civil War. 

But however far MQnzenberg 
reached, his efforts were always su- 
pervised by Moscow, and contrary 
to the myth that the Comintern of 
the 1930s was more idealistic than 
the NKVD (lata the KGB), his 
objectives were almost identical to 
those of Stalin's secret police. As 
Koch repeatedly argues, the point 
was always to divert the West's 
attention f tom Stalin's efforts to 
consolidate his power by whatever 
brutal means were required. 

“Double Lives" does a remark- 
able job of knitting together an ex- 
tensive gallery of portraits with 
some of the great events of this cen- 
tury. Koch, who is chairman of Co- 
lumbia Univena ty’s graduate pro- 
gram in creative writing and the 
author of two novels and a film 
study, offers several snip rising con- 
clusions in his narrative. Among 
these are his insistence (hat Stalin 
was conspiring with Hitter at least 
six years before their nonaggression 


pact was signed in 1939 and that 
Stalin's real purpose in the Spanish 
GvQ War was not victory for the 
republic but to purge his enemies on 
the left and to placate Hitter by 
arranging for a fascist Spain to men- 
ace France and England. 

Not the least of his book’s curious 
insights is an account of the stance 
Stalinists in Hollywood assumed, as 
described by MQnzenberg's widow. 
Babette Gross, who gave Koch ex- 
tensive interviews in the summer of 
1989: “You claim to be an indepen- 
dent-minded idealist You donT 
really understand politics, but you 
think the Utile guy is getting a lousy 
break You bebeve in openminded- 
ness. You are docked, frightened by 
what is going on right here in our 
own country. You are frightened by 
the rarism, by the oppression of the 
working man. You think the Rus- 
sians are trying a great human ex- 
periment. and you hope it works. 
You believe to peace. You yearn for 
international understanding. You 
hate fascism. You think the capital- 
ist system is corrupt." 

Koch does pay a price for the 
intricacy of his narrative. His cen- 
tral image, which be mentions four 
times, is the thread that Ariadne 
gave Theseus to guide him out of 
the Cretan labyrinth, and in follow- 
ing its twisting path, he is often 
forced to jump from one subject to 
another. 

Still Koch's history remains riv- 
eting. He is pamculariy good at 
a n alyzing the culture of treason 
that MQnzenberg became so adopt 
at exploiting: the snobbery of the 
Cambridge elite who thought be- 
trayal meant distinction from the 
run of the mfn, and the avant-garde 
culture in America that would do 
anything to escape the scorned 
middle dass. 


Christopher Ldmam-Haupt is 
on the staff of The New Yah Times. 


court is not just its objets d’art and 
architecture, but the reaffirmation 
of friendship which has united our 
two countries for more than 200 
years," said Harriman. 

The American Friends of Blfaan- 
court is devoted to restoring the 
ntitcentuxy cbftteau in Picardy, 
north of Paris, and supporting its 
museum, founded by Morgan in the 

man desaibed t tiic S ^ldings and 
gardens, with American trees and 
plants, as the symbol of the “great 
friendship between the two coun- 
tries." 

Harriman, who said wistfully 
that she had been too busy with 
affairs of state to attetid last week’s' 
haute couture collections, was 
dressed in black pants and a vdvet 
jacket with spariding buttons from 
Yves Saint Laurent 

The Blerancourt dinner proved 
how fashion’s new look for the 
1990s is taking over from little 
Hack dresses and bright brocade 

jackets — the familiar uniform of le 
Tout Paris for the past decade. The 
American contingent, especially, 
chose soft tunics mid jackets worn 
with trousers straight and narrow 
or full and floating. 

The standout among the sodal- 


By Robert Byrne 

A lex yermolinsky met 

Gregory Kaidanov in Round 
2 in the 1993 United States Cham- 
pionship. 

The Anti-Meran Gambit in the 
Semi-Slav Defense, 5 Bg5, features 
the acceptance of a pawn by Black 
with 5„dc and a return of the pawn 
by Blade, after 6 e4 b5!? 7 e5 h6 8 
Bb4 g5 9 Ng5 hg 10 BgS. It is 
dubious for Blade to recover his 
material with I0_Be77! since li ef 
Bf6 12 Bf6 Qf6 13 g3 Bb7 14 Bg2 
Nafi 15 Ne4 Qe7 16 OO 0-0-0 17 
&4 gives White attacking chances. 

Black's aim is dynamic counter- 
attack in the center and. on the 
queenside. Hurrying it with 12...c5, 
however, is dangerous as indicated 
by the possibility of 13 d5 Nb6 14 
del? fib) 15 e7!? Qd7 16 Qd7 Nd7 
17 Nb5 Be7! 18 fe f6 19 Be3! Ke7 
20 h4 Bf3! 21 Bc4 RheS 22 RcJ. 
which gives White tire upper hand. 

While 14.J*fe5!? creates a threat 
of 15—Nd3. as well as 15~Qd4, it is 
known that 15 del? is a queen sacri- 
fice tricky to meet After lS.JRdl 
16 Radi, the outcome is undear, 
yet White does well on the few 
occasions that this comes up. 

Jt is not known whether Black 
has ever ventured I8~.Qa2, but it is 
improbable that he could survive 
an attack such as 19 Ng5 Qb2 20 
Nf7 Rg8 21 Bh3 c3 22 Be6 Kc7 23 
Rabl Qe2 (23.-Qa3? 24 Ral Qb2 
25 Ra2 traps tire queen) 24 Ndfi 


ites was Lynn Wyatt, who was 
wearing an Ungaro embossed vel- 
vet tunic and wafting chiffon pants 
in sea green, which matched the 
boiserie in the reception room, 
where bowls of white Idles bloomed 
in chinoiserie vases. 

“But I don’t dress for any room 
— - nor for anyone except myself," 
said Wyatt. 

Also in pants from Ungaro — in 
blade cutout velvet and chiffon — 
was Florence Grinda. Nan 
Kempner, with her new pageboy 
hairdo, wore an Yves Saint Laurent 
outfit of antique gold top with 
Hack jacket ana pants. - 

- Chic French- ‘women wearing - 
pants included Anghlique de 
Moos tier, in a curvaceous Thierry 
Mugler outfit, Arid de Raveud in 
Saint Laurent, and Odile Raca- 
nrier, wearing black pants with an 
orange sherbet satin jacket from 
Claude Montana’s couture days at 
Lanvin. 

Her husband, Henry, said that 
his Oreofi company had sold its 60 
percent share in the Inis de la Frcs- 
sange label to Francois Louis Vm't- 
ton. (Inis de la Fressange an- 
nounced Monday the change of 
structure and a new president. 


Thhsry Dufresne, formerly of Lan- 
vin). 

Funds raised by the Blhranoourt 
benefit are for projects designed 
to expand the chitean's ide as a 
Franco-American cultural center. 

WW Mrvrg sm hr wiptil tTw- rhAlmm 

in 1917, she turnedits remaining 
buildings into a war hospital and 
subsequently into a museum to 
memorialize the American contri- 
bution to the war effort, when Er- 
nest Hemingway and Gertrude 
Stein were drivers with, the Ameri- 
can Field Service , Ambulance 
Corps. (A sturdy Ford Model T 
ambulance, with stained canopy 
stretched over scarred chassis is. 
on exhibit)., .... 

"W-*v UT Bterancourt is Sin* 


D 

and culture, with prints 
1 Jr and engravings displayed 
in the gatehouse that was Mor- 
gan's home and the second gate- 
house, which since 1990 has housed 
the museum's library and archives. 

The Florence Gould pavilion, 
' housing the museum’s art collec- 
tion and war memorabilia, was ex- 
panded in 1989. Eugtere Angtes, 
the president of Friends of Hteran- 
court, plans to mount exhibitions 
of contemporary art in conjunction 


CHESS 


MKMMOV/BUCK 



VERMCUhSKr/WHITE 

Postthm after 44 ... Kg7 


Rh8 25 Rb4 Bd6 (25_JBa6? walks 
into 26 Ne8 Kd8 27 Rb8 Bc8 28 
Rc8 mate) 26 ed Kb8 27 Bc4 Qe4 
28 RIbl c2 29 Rb7 Ka8 30 Ka8 
Rb8! Rb8 31 Rb8 Kb8 32 d7 Kb7 
33 d8/Q. 

Kaidanov was counting on 
18~c3 for quick coanUscplayoa the 
queen's wing. After 19bcBa620cb 
Bb4 22 &3! Ba 3 (2L_Qa3? 22 Ral 
Qd3 23 Rfdl Qc4 24 Rdcl Qb5 25 
Bfl costs Blade decisive 
22 Rfel Bd3 23 Nd6 Bdfi 24 ed,the 
white rooks had squirmed away 
from the pressure of the Hack bish- 
ops and Yermnfimky had gotten a 
nice passed d6 pawn. 

After 31 h4, Ycnndinsky was 
readying 32 Kh2 followed by 33 


Bc6, so Kaidanov rushed with 
31_Jle5 32 fe Qd4 33 Kb2 Qe5. 
After 34 Bc6 Bc6 35 Rc6 Qf6 36 
R6c2! Kd6 37 Ra2 Ke7 38 Rc€ Qfl 
39 Rca6, the white rooks were 
stranger than tire black queen in 
the end game: 

Kaidanov’s passive play was 
ruined by Yeraofiask/s 45 Rg5! 
Kf8 46 Rg61, thieatemng 47 Red, 
winning hun time for 47 Rgf6! 

After 58 Kg6, there was no per- 
petual check: 58_Qd6 59 K3efi 
Qd3 60 Kh6 Qd2 61 g5 decisively 
threatens 62 Re8 Kf7 63 R6c7 
mate. Kaidanov gave op. 

SLAV DEFENSE 

WMW ate* Wkba Stack 

YWalQr Who* WMqr KVtar 
1 M <B S0R5C3 QM 

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with the new American Center in 
tire Bercy area of Paris. 

The castle grounds will be re- 
landscaped to reflect the original. 
17th-cennuy spirit The Friends [ 
have already sponsored an arbore- 
tum of American trees opened in 
1986 and gardens of spring and 
fall flowering plants, opened in 
1989. 

. This is the season to jrtait a trip 
to Bterancourt to see the spring 
garden, with its paths snaking 
round large grass beds planted whh. 
native American tulip trees mid its 
arbor of cfimbing sbiubs, designed 
by the American landscape archi- 
tect Madison Cox, who was. at the 
embassy dinner. 

*■' '^'raFmy Bea to use plants 
flatffct’tp bffWfiFAmaSS' add to . 
incorporate American things, tike 
Thomas Jefferson’s curved paths," 
besakL 

But Ccwfs TjoxwoodTmed beds, 
inspired by the gardens of Virginia, 
fait tire first snag af Blfcraneourt’s 
idylBc Franco-American coopera- 
tion. Faced with the romantic 
“clouds of boxwood” growing “au 
nqturd," the French gardener, in 
tire interests of logic, order and the 
Gallic gardening tradition, lopped 
it into a perfect grametric box 
hedge- 


By Watelet, 
A Debut in 
Two Colors 


SSS g 

ss? a 

« R*7 
SB Rft 
WMW 


Imermtionol Herald Tribune 

P ARIS —It was animpres- 
sive couture debut, when 
Gerald Watdet showed 
his clothes after Yves 
Saint Laimmrand Valentino at the 
end of the high-fashion season. 

The 30-year-old Belgian designer 
concentrated on cut, giving a 
youthful spin to clastic douote- 
taced wools and crisp suits , by in- 

The bicolor theme^uKjoo on 
shapely crepe dresses and short 
swingy coats, always with a body- 
conscious silhouette. 

Hemlines were short and sassy, 
and although these were not clothes 
to c hang e the direction of fashion, 
they had. a freshness and stylish- 
ness thafwould appeal to a young 
clientele that was wdl-heded — „ 
but not platform-soled. 

The yoong Italian designer Luisa 
Beccaaa took a different tack, 
Growing romantic clothes, dripping 
in nostalgia and old lace. They 
sometimes created pret^ pictures 
from some tost agp ctf innocence, 
but lacked adetisve cut to preyed 
them into the modem wodd. 

S.M. 


CALUNC; ONK FORI KJN COUNTRY 
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International Herald Tribune, Tuesday , January' 25. 1994 



Page 9 


- ■» 




_ SvhaL’ 

THE T IME INDEX 1 1 3 . 69 H Fnr SAS 

mtemafional HemW Tribune World Stock index ©, composed of KJJLM.YJ 


Airline Pricing Takes Off 

Fare System Spreads to Other Industries 


,n 2*n° Wortd Stow ©■ composed of 
MO i^fratioraffly iwesfabte stocks from 25 countries, cnmtie d 
by Bloomberg Business News. Jan. 1,1992 =100. 

120 — 



. -V " 1 WfckT . 

> : -PH- 4k . P. T *-. -H- **■ 

World Index 



A S 

IMS 

O 

N. D 

J 

ISM 

| Asia/Pacifit 


Europe 

m 

Approx, weighang: 32* 

Ctose: 121 £9 Ptbvj 126.13 
40 

Hffll 

Approx, wetgtfng: 37% 
Odsk 115S5 Pwj: 115j60 




F- ; «: KiiSfc ?: *•- 




North America 


Approx, wdgh&ig: 28% 
Close: 97 JO Prev: B8-52 




Latin America 


Approx, walgh&tg 5% 
Close: 14^22 PiwjU2J9 


k*:. y-'fi 


A S O N D J ASONDJ 

1993 1994 1383 «M 

m Worttflnd« 

The kidnx tracks US. dodor values of stocks kc Tokyo, Maw York, London, and 
Argentina. Australia, Austria, Belgium, Brazil, Canada, Chita, Denmark, FMand. 
Franca, Germany, Kong Kong, Maly, Itaodco, NMtarte n da. New Zealand, Norway, 
Singapore, Spain. Sweden, Switzerland and Vansztieta. For Tokyo, New York and 
London, ate Max b compceod ot the so top bauae In terms of nwM cep Bntt aflon. 
othanrtre the ten top stocks are tracked 


Industrial Sectors 


Hon. Pm. % 
dm» dm* donp* 

Energy 114.90 114J8 4028 

WBBw 122.70 125J1 -1.85 

Rnenw 116.43 11954 -£S0 

Ssrrices 122.75 12104 -024 


Capital Goods 
ftraHateftete 
Cotatmer Gooch 
Kscfilaneoae 


be— , dam dang* 

112J9 112.75 +5!o4 

" 12000 “ iS^T-Ort Of the 1980s, would now concen- nopeo ^mare it a iraacr is .iae 

12000 12D23 ^.18 traie on itscore business, Mr. Sten- industry's fastest growing markCL 

99.44 100.16 -0.72 berg said: “Yes. That is the strategy However, Top Glory Insurance 

139.71 139 . 31 +029 of the board.” said ii planned 10 hire as many of 

7T7TTT In November, SAS posted a pre* the defecting sales agents as possi- 

tax loss of 1.13 billion Swedish bo- ble from its AustrauaiKXMitroHed 

1 NeuByCedex, Fiance. ^ (jj 3 gg million) for the first rivaL Top Glory is a small concern 

o tntometiona] Herald Tribune nine months, (Reuters, Bloomberg) indirectly owned by a state-owned 


CEO Aims to Shed 
Noncore Business 

Compiled by Our Staff From Dispatches 

STOCKHOLM — Scandinavian 
Airlines System's new chief execu- 
tive pledged on Monday to take the 
company bade to basks and dis- 
card unprofitable activities, swing 
the earner could prosper without 
further affiances. 

Jan Sicnbcrg, 54, who will take 
over as president and chief execu- 
tive on April 1, held open the door 
to affiances but said they were not 
vital to SAS’s survival. 

Healsosaidarestnjciniingplan 
initiated in November was “lough” 
bat “credible” and that he believed 
it might be possible to speed it up. 

Mr. Sicnbcrg, deputy managing 
director of L M. Ericsson AB, was 
named to head the airline on Mon- 
day. He will replace Jan Reinas, 
who has been acting president since 
September when Jan Carizon re- 
signed to pursue a merger with 
Swissair, KjLM Royal Dutch Air- 
lines and Austrian Airlines. 

After the collapse of the project 
in November, SAS said it would 
dther have to find a new partner or 
resign itself to becoming a feeder 
airline. 

But Mr. Sicnbcrg said on Mon- 
day that “there are probably in- 
betweens and SAS is typically just 
that bit smaller, just beneath the 
bracket of the very big" European 
airiiniis. 

He said he was confident that 
SAS could continue “if appropri- 
ate, on its own without simply be- 
ing downgraded to a local feeder.'’ 

“We wdl continue to seek coop- 
eration with other earners,” Mr. 
Sienberg said, “but we don’t want 
to bind ouredves by saying in what 
form, or when." 

Asked if SAS, which diversified 
into related services such as hotels 


By Adam Bryant 

New Tort Times Service 

NEW YORK — For consumers who pride 
themselves on knowing where the best buys are 
and how much to pay for them, life is becoming 
complicated. 

The same thin icing that created airline fares that 
seem to change dizzily from one day 10 the next is 
spreading. Businesses from cruise lines to hotels 
are taking a page from the airlines' playbook and 
using powerful computer technology to set prices 
based on the up-to-the-minute demand for their 
products. 

This digital upgrade of the law of supply and 
demand mem* that (he cost of renting a truck 
from Ryder System Inc. could rise and fall by more 
than S200, or the price of a cruise on "Royal 
Caribbean could change by 51.000 on the same 
ship for the same type of cabin. People who stay ai 
Sheraton hotels can save from 5 percent to 30 
percent on the cost of a room by booking 14 days 
m advance. 

For these companies and others, computer soft- 
ware bolds the promise of increasing their profits 
by allowing them to price their products much 
more efficiently. 

But what companies may grin on the one hand 
they may lose on the other. 

“I don't like it at all," said Carol Christian of 
Katonah County, New York, who flies frequently 
on her job as a tr ainin g consul lam. “It causes 
consumers a lot of unnecessary stress because you 
always have the sense that you didn’t get the best 
deal, and it puts an awfully big burden on you to 
get the right information." 

AJ Ries, a marketing specialist in Greenwich. 
Connecticut, said that whenever companies of- 
fered more than one price, customers typically 
assumed that everything above the lowest price 
was intended to gouge them. 

“You undermine your goodwill," Mr. Ries said. 


Airline executives acknowledged that many cus- 
tomers resent their pricing systems, where a round- 
trip ticket from New York to Los Angeles can cost 
from S40Q to SI. 400. They said legions of travelers 
scour the airlines' reservation systems for loop- 
holes with a fervor they typically reserve for tax 
time. 

Some companies that are buying the airlines' 
pricing technology have tried to avoid the carriers’ 
mistakes by, among other things, limiting the size 
of price swines. 

"Fortunately. I chink the airlines bore the brunt 
of having to re-educate consumers,” said Andy 

Some companies buying the 
pricing technology have 
sought to retain customer 
goodwill by limiting the size 
of price swings. 

Anderson, director of operations and support ser- 
vices for Ryders consumer truck rental division. 

When France's railroad system started using 
computers last year to set prices by demand rather 
than by distance, the complexity' of the new fare 
structure and the additional time required lo issue 
ticket prompted complaints from travelers and 
travel agents. 

Elsewhere, however. AMR Corp., the parent of 
American Airlines, which helped the French rail- 
road. seems to be having better luck Introducing 
the technology. Its subsidiary American Airlines 
Decision Technologies has about 1 10 clients, with 
about 35 signed up since 1988 for help in managing 
capacity and prices. 

They include travel and tourism companies like 

See PRICE, Page 10 


Boeing Expects 
Sales to Keep 
Sliding in ’94 


Compiled by Our Staff From Dispmcka 

SEATTLE — Boeing Co. report- 
ed on Monday that its revenue 
dropped precipitously last year, 
and forecast the slide would go on 
in 1994 as a result of the airline 
industry's slump. 

The big maker of commercial jet- 
liners, reporting its financial results 
for the final three months of 1993 
and for the calendar year, said iu 
net earnings dropped 14.8 percent 
in the quarter, to 5304 million, 
from S357 million a year earlier. 

The most recent quarter's earn- 
ings worked out to 89 cents a share, 
down from 51.05 a share in the 
year-earlier quarter but better than 
the 83 cents a share that market 
analysts had expected, on average. 
As a result, the company's stock 
fell only moderately, losing 75 
cents a share, to close ai S44.375, 
on the New York Stock Exchange. 

Sales in the final quarter of 1993 
dropped 24.5 percent, to S5.66 bil- 


per share, compared with SI J5 bil- 
lion, or $457 per share, in 1992 
before a charge for retiree health 
benefits. After the charge, 1992 
earnings were 5552 millicin, or 
Sl.62 per share. 

High develop men! Costs for the 
777 program and reduced invest- 
ment income were other factors 
hurting 1993 earnings, the compa- 
ny said. The 777 is to undergo its 
first test flight this summer. 

Boeing said its research expense 
would rise in 1994 from 1993’s level 
of SI. 661 billion. 

David Pizztmenti, an analyst at 
Nomura Research Institute, died 
the expected high level of R&D 
spending this year in cutting his 
earnings per share forecast to be- 
tween 52.10 and 52.15, from S2.35. 

He noted that demand for new 
civilian aircraft remains weak be- 
cause of overcapacity. 

Wolfgang Denusch, an analyst at 
Bankers Trust, cut his 1994 forc- 


Uon. bringing revenue tor the year 
to S25.44bfltion, off 15.7 percent. 

Boeing also said it expetSd 1994 MtnmSUO. 

revenue to drop by as much as 20 Boeing said production was ex- 
pertau from the 1993 figure, to be- P«ed to drop 10 18J jetliners per 
tween $20 bfflion and S21 billion. It mon* m the first quarter of 1995, 
forecast sales would pick up in from a peak of 39.5 in 1992. But it 
mid-1 995, ooce the company begins said it was “well-position ed for th e 
dripping its new 777-series jetHners. ncn growth cycle m the commeroai 


Net earnings for full-year 1993 i a transport market.” (Bloom- 
dropped to $1.24 billion, or $3.66 berg, AFX. Reuters. Knight -Ridder) 


Australian Insurer Is Hamstrung in Hong Kong 


By Kevin Muiphy 

International Herald Tribune 

HONG KONG — Accusing ri- 
vals of mounting a smear campaign 
against it, theme insurer National 


Chinese food enterprise and a 
Hong Kong company led bv Fran- 


Broking Ltd. “You can’t grow sales 
premiums without increasing your 


For mom information about tin index. & bookl&t >s avaHabi&free c4 charge. 

Write to Trib tate* 181 Amw Omries to Gmtib, 92521 Notify Codex, Fiance. 


against it, the life insurer National The developments appear to 
Mutual Asia Ltd. scrambled Mon- make likely a dash between one of 
day to keep intact a sales force that tim mca^uccessful Hong Kong- 
has helped make it a leader in the ^ted subsidiaries of a large Wat- 

* _ . . rAMinimi <1 iti'nnra tn4t 


as Yuen, the former chief executive sales force and, in general when cal newspapers the day after Mr. 
of the colony's slock exchange agents leave, policyholders often go Yang resigned. 


that his company had placed adver- ing to see more events like it- More 
tisements seeking new agents in lo- and more international groups 


with them." 

National Mutual Asia, a subsid- 
iary of Australia's National Mutual 


“We want to establish a base in 
Hong Kong but the big potential 
market is in China," Mr. Yuen said. 


industry's fastest growing market. 

However, Top Glory Insurance 
said it planned to hire as many of 

ble franHtif Austraian-oont^nl 


Ahead 


Let Japan Change at Its Own Pace 


w 


By Rmnald Dak even look Kke A m eric a ns . “The Japanese 

/mtrmukmi HemU Tribune mind is being Americanized,” he said. 

X ASHINGTON — Are the Japa- 

nese different? Does their be toadied by jo™ the worn 

unique economic system rive aspects of American society, metod mg dr ugs. 
theS^n unfair adSSSer 

Wcstcro compedtoisTDo foyKcdtiueiand fig 

unusual trade moment to whip (hem mto 

iey toward .Japan rawer w professor * the University of Michigan, who 

these questicats B IB. The idea is tun * marniahw that Japan’s days as an unrivaled 
pan’s economic philosophy is so far removed economic superstar arc over, 
from that of othw oountnes, so imwvmos ro Japan’s annual economic growth rate, he 
Western open-market concepts, that the only 1 
answer is to rig ttendes against Japan through - n — , 

import quotas and managed trade. 1 ■ 

Japan, in other words, must be forced to The COnntrV IS already 
become a normal country. - - u • J rrr 

Ahead of Mr. CKntou’s meetingwith Prime DeOOIBlIlg more Western; 

Minister Morihiro Hosakawa m Washington haaH tn wipIp 

next month, UB. officials are txying to brow- mere S HO neefl 10 mete 


The country is already 


tea t a hitierfy reluctant Japan into agreeing to 
such an approach- But the premises on which 
the approach is based are eroding. 

Of course Japan is different, but itis rapid- 
ly becoming less so. Indeed, accor&pg to two 
new assessments by American specialists, Ja- 
pan is getting more and more like America — 
perhaps more so than it wants. With luck, 
that should in turn make Americans less 
paranoid about Japan. . 

Frederik L. Schodt has acquired a deep 
knowledge of Japan, working, as be pots it, 
"on the front lines of commumcatwns be- 
tween Japan and America,” as a writer and 
interpreter. . _ • 

In bis book “America and the Four Ja- 
pans," he said the Japanese, particulaijy the 
younger generation, are starting to tiunk and 


there’s no need to mete 
oht cmeland unusual 
trade treatment. 


Mr. Saxonhouse said Japan was so dose to 
the technological frontier that it was losing, 
the “latecomer benefits" it enjoyed for much 
of the postwar period. It is much easier to 
grow fast when you are racing to catch up 
with your rivals, the argument runs; after you 
have caught them, the way ahead suddenly 
becomes much harder. 

Japan's financial system is already looking 
more like that of the United States, with 
Japanese companies increasingly issuing se- 
curities to raise money, rather than going to 
the ba nk. As a result, Mr. Saxonhouse said, 
profits will displace market share as the 
watchword for Japanese business. 

To get out of its economic difficulties, 
Japan will have to move further in the West- 
ern direction, deregulating its economy and 
riving consumers greater power, not least 
through cuts in income tax, as the United 
States has long urged. In that sense, Japan's 
new leaders increasingly accept that the 
country must become more normal. 

The a ging of the population wiQ hasten the 


era company and a group that 
boasts some of the biggest names in 
the new Hong Kong business es- 
tablishment . 

The surprise resignation Thurs- 
day by the company’s chief execu- 
tive, Andrew Yang, sparked a two- 
day, 24 percent dive in National 
Mutual Asia’s share price when in- 
vestors learned that a third of the 
company's sales force might follow. 

As Western insurers focus on 
Asia, particularly Hong Kong, to 
expand among the region's rising 
middle classes, qualified sales 
forces have become the key to rapid 
growth and a target for poaching 
by newcomers. 

“An agent sales force is every- 
thing in this business.” said Steven 
Li. an analyst with Jar dine Fleming 


ire; admitted the partial loss of its according to Bloomberg. 


sales force “may result in a de- 
crease in the amount of new busi- 
ness being written" and threatened 
legal action against Mr. Yang. 


Top Glory’s expansion wB] be 
helped by influential owners that 
include Seabase International 
Holdings and Mr. Yuen’s Sea- 


want to get into these markets, and 
Lhe people to sell the policies just 
aren’t there.” 

In Hong Kong it has been esti- 
mated that premiums of more than 
10 billion Hong Kong dollars (SI .3 
billion) were collected in 1992 from 
only one third of the potential 2J 
million customers. 

Annual premiums two years ago 


National Mutual Asia, which has power Resources International, ar- were about 3,700 Hong Kong dol- 
men: than 3.000 agents, controls cording to Bloomberg. lars, about 6 percent or the average 

about 30 percent erf the Hong Kong While National Mutual Asia’s person’s income. Analysts said 
market for life insurance. share price halted its slide Monday, agents now believed their target 

While National Mutual Asia said gaming 15 cents to dose at 5.35 should be 10 percent 
a campaign aimed at damaging its Hong Kong dollars, analysts and Further afield, the potential for 
reputation and its attractiveness as industry observers said the key to growth is higher stifl. Japanese life 
an employer has been under way its future performance lay in man- insurance in the early 1990s en- 
for several weeks, and that it had agement's ability to rally its sales joyed average premiums per capita 
fired a number of executives it de- force and stall the departure of of $1,620. South Korea came next 
scribed as “ringleaders," it refused those who hope to join a rival with $412, Taiwan bad 5215 and 
to name its rival. “This is a very important event Singapore $178. 

Mr. Yuen, the chief executive of in the development of the Asian Bnt the greatest expansion ap- 
Singapore-lisied Summa Invest- insurance markets,” said the man- pears possible in Malaysia, where 
mems, which in turn owns Top aging director of one of the foreign per capita premiums equaled 5299, 
Glory Insurance, told Bloomberg companies that dominate the Hong with Thailand at 52 15, the FhSip- 
Business News it was coincidental Kong market. “We’re probably go pines at $8 and Indonesia at $1. 


person’s income. Analysts said 


share price halted its slide Monday, agents now believed their target 
gaining 15 cents to dose at 5.35 should be 10 percent. 

Hong Kong dollars, analysts and Further afield, the potential for 
industry observers said the key to growth is higher stifl. Japanese life 
its future performance lay in man- insurance in the early 1990s en- 
agemem's ability to rally its sales joyed average premiums per capita 
force and stall the departure of of 51,620. South Korea came next 
those who hope to join a rival with $412, Taiwan bad $215 and 

“This is a very important event Singapore $178. 


meat of the Asian But the greatest expansion ap- 


insurance markets,” said the man- pears possible in Malaysia, where 
a g in g director of one of the foreign per capita premiums equaled $299, 

■ 1 * i.<i tt .j.l me .k« 


REPUBLIC MASE BANK LIMITED 

(A wholly owned subsidiary of Republic National Bank of New York) 



said, after peaking at 12 percent in the early 
1970s, is in a sEde that could soon end with it 
settling at the much lower levels of the other 
advanced tndnstrial countries. If and when 
that happens. Japan's share of global output 
will also stop rising and probably start to falL 
. “While the emergence of Japan as a new 
economic power seems very recent, Japan 
may never be much more importaa £ relatively 
speaking than it is today,” Mr. Saxonhouse 
Wrote in Inte rnational Economic Insig hts 
magazine. “Most assuredly, Japan is in long- 
term structural decline,” 


process. By early next century, both the coun- 
try’s labor supply and its vaunted savings rate 
will start to slide. 

That means that in the coming years Japan 
is going to spend more, import more and 
export relatively less than it does now. The 
problem of the seemingly intractable Japa- 
nese trade surplus will, in Mr. Saxonhouse ’ 5 
words, “dimmish if not evaporate." 

Soil makes even less sense for Washington 
to try to press Japan into the American mold 
by brute farce. Of course, there is plenty of 
room for improvement in Japan’s trade prac- 
tices. Bnt Japan is not quite so different, or 
quite such a threat, as many Americans still 
seem to think. 


CURRENCY & INTEREST RATES 


International Bullion Bankers 
to the professional market 

Twenty-four hour market making in predous metals worldwide 
Spot, forward, swaps, options and derivative services 
Clearing and depository facilities for financial institutions 
Customized financing and hedging for producers and industrial users 
Global Precious Metals Centers 


Republic Mase Bank Limited 
London 


Cross Rates 

( ( BJ*. 

AKtttartCOTI ua ““ 

BnBMU SMB 5UB* 

MW« U» *“« — 
LMrtaia u« — PJL 

uueru UL 222 rtJU tuv 
MH<M VMM# J2* 

NmVffttW — lMSa ^ 

TL ssas B» »*» 
1 nx wst w* 

EE* «» i*u ■» 

SET uus itn urn 

. erti 1J*» 0JC7 W* 

IIS ^ M0J 


Jan. 24 

FJ=. uni BlW _ LF. fJF. Yn . CS POMa 

nun . am* — *w* usts vws* u» uw 

m* iMu* mas — suss ana mas soar 

air* twin 4JRT* U*W LMZ* UJH UZK* 

as ts vex sow nan w.hs usn ms 

ms . 1 m- bib urn nm whs* mm — 

BUS MW WW» 152 UBA 1VJTJ 

'itts'uun u» »» uuk'uus mu urn. 

mwrontiw yjj, OCT“ l» '111) 41DI 5J»* *W 

PWte RP* TW M - 1 K» MS 

JS! usr urn sm* um u»- saa urn* ' m- 

Tonean 32 £ws UW «#• * m ' ue * m *' — 1 um Wf 

Zuha nm UO w MW* van am las nut r ms an 

iscu ^ um uw no urns u» aim urn. nun urn mm 

,SDB , "n ’W Brami 

OoUnos la Aiwmrtram ter—™ 

raMatSam. ^ nburanl , donor/ \ LW» of m fW: not quoted; XA.: not 

as To buy ow w*' 

OVBfloML ' ■ 

OmsrDoHarVoluss . _ •••• __ ■■ 

— m camncf PbtS vuurkt Ptf* cwthkt Wj 

Omraw* 8iwlidra& ***s Molw» 1 W s.Mr.raM MH 

Anwrf p* 10 zZZutaHs ms azratadt vm s.ttr.wn mm 

001001 .$ C^atartrt n\x f*onw.iB«B SMlnw UW 

“2 UMinra 3134 mwo VJK TohWBl 

tunruentt- AOM SdoninWi VVIM WUrtiWr ZUn. TMMt US 

CWocaevxK* OJHB nAwMi 1J43B-. TMMiRn 15054. 

cmk* Vartan nw 2W uott-raue uASdMm un 

owm* 1 "" 1 ! *2; Kwnnara 039« sauce nm, vm«i.mv. uam 

». ^ .. 

Fun wsd Bat — 

ra Mf sonar *M or Comma Mn 

T^5i ljOif Carannraaor uw 13TO UiU 

PHMfSfiwnw \ysss 1JM0 17534 JMMWnt 11141 HITS ni44 

1404 1^68S MOM 

tAHUianfamU indoum Bank (Bnaadsli Banco Co mn m r cS aia itauano 
Sovras.' , Pam; oam of Tokyo m*votf Hovel Bank of Canada 


Eurocurrency Deposits 


Swiss Francs 

Dollar D-MarX Franc Starting Franc Y*n ECU 

ImoMn soia MVh 4 MK. SKtSN t Mr d M i ZVt- 7 'C. 6 * 04 *. 

Smonttn s 7W-5 ^ 34W4K SWfc 6 Mri u 2 VW. 2 *. 

i months MOTb S4K» 3-W1V 5V. -5* 5!WV» 

ivaar IMU SMh 3UKF4 5 1W5 W. S'V+5 V - 

Sauraes: /kuttars, UovcV Bank. 

RafasaegaUe to tatemmk cMaafts of si mUHon mta&mm tor aedvalent). 


Telephone: (071 J 621 7801 
Telex; BM491 

Republic Mase Hong Kong Limited 
Hong Kong 

Telephone: IS32' S45 4233 Tdflax: (832) 845 3227 
Tdcx: toS56 Reuters Dealing: MASK 


Telefax: (07U 28346W 
Reuters Dealing: MA51- 

Republic Mase Australia Limited 
Sydney 

Telephone: (2)233 3M4 Tddax: (2C35 0950 
Telex: AA 173965 Reuters Dealing: MA5A 


Ksy Homy Rates 


United Shraa 
DtsawatrsTe 
Prime rate 
FWarafflMs 
SaMMtiCU 


Chthct 

MObtOB 

azaatadt 

Ham.kriM 

PHB.PM 

MtUudtfr 

PortMCsaa 

ROBtraue 

Saaoirtrai. 

sms. 4 


owne r iters 

S. Air. rood iom 

Stkar-Wte mm 
S eeuama Mm* 
Tehran S %M 
T IntMT as* 

TVrUriiRn 15QS4 
UAfidMnm UR 
V*ma.baliv. JM.W 


Clow 
3 JO 
. &D0 

3 M 
177 

m xa 

m in 

134 

t US 

■ 5JM 

e s& 

te 570 

ad tJO 

rR«Mly«*H 274 


CBUtaowe 

IjHAoNt 

tinooni 

s-nnamtiiteranii 

. ... i i, 

WrarCninimnilwid 
C tnwn f 
Lnmtafd rate 
Can na»*v 
TyooeUi intertask 
Mtanoi hteriMBte 
Irfngntti finiia Wutt 
10-VUfBsMi 


Brtlaln 

BWfc taMt rate 

Colt money 5te 

HWBHl te HIWM S*- Sj- 

>awiiUi Intertaak 5«. 5J» 

fanntti interBank 5 V. 

teWn-Sfir 4-17 420 

ProwM 

inttnretwm rate 420 4J0 

CoS money 5 ■> 

Moanuntertaak « J™ 

Minntti Interbank 6*)» 41. 

MwttWata* 450 5fc 

loynar MT £47 548 

Spore**. ■ Reolan. Bloomberg. Merr.ll 
Lmeh. Bonk af Tokyo, Commenoaok. 
Grteneoumnicou, Credit Lrnwwis. 

Gold 

ajm. pa ctita 
Zurich 38075 37X73 -73* 

London 381.50 37X80 —M0 

Hew York 380JD 38 UC -a» 

US. donors per ounce, tanolw? offleW «»* 

kuoiXurtcBanaNm Yor*m>errins>sokrcias- 
mo nr***/ New Tark Comae teen.1 
Source: Beoterx 


Republic National Bank of New York 
Republic Mase Predous Metals Department 
New York 

Tokrphonu (Trading: (212) 221 35<M TeWa*: 12121 525 6860 

(Bullion Bankingi: (212* 525 6481 Reuters Dealing: RNBA, MA5N 

Telex: 2369Z7, t*6P73, 177641 

Regional Predous Metals Offices 
GENEVA * MONTREAL * MONTEVIDEO - SINGAPORE • PERTH • DENVER 

Affiliated / Representative Offices: 

NEW TORK • GENEVA * TOKYO * LONDON • ZURICH • LUGANO • LUXEMBOURG • PARIS * MONTE CARLO 
GIBRALTAR • MILAN ■ GUERNSEY - BEIRUT • DENVER - MIAMI • LOS ANGELES * BEVERLY HILLS ■ NASSAU 
CAYMAN BLANCS ■ MONTREAL - TORONTO - SINGAPORE - HONG KONC * TAiPEJ . JAKARTA • BBJ7NC - SYDNEY ■ PERTH 
MONTEVIDEO - PUNTA DEL ESTE - BUENOS AIRES - SANTIAGO • MEXICO CITY - CARACAS * RIO DE JANEIRO 

Ri-paNu Mjfc- Kink 1 utiiu<il m a mmivrgfSFA 







.1 




Page 10 

market diary 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, JANUARY 25, 1994- 


Interest-Rate Fears 
Pull Dow Off Highs 


Bloomberg Businas News 

NEW YORK — US. stocks de- 
clined Monday amid concern 
about a rise in interest rates and a 
market slump in Japan. 

The Dow Jones industrial aver- 
age closed 1.69 points lower, at 
3,912,79, after soaring 2152 Friday 
to a record 3.914.48. The average 
hit a session high of 3,934.46 on 

M.Y. Stocks 

Monday before a burst of comput- 
er-driven sell orders helped knock 
stock prices lower. 

The slide in stock prices was trig- 
gered by concern about a rise in 
interest rates, as the yield on the 30- 
year Treasury bond climbed to 6.29 
percent from a Monday low of 6.26 
percent, analysts and fund manag- 
ers said. 

On the New York Slock Ex- 
change. 10 common stocks were 
lower for every seven that rose. 
Trading was active, with about 
296.9 million shares changing 
hands on the Big Board. 

The decline in stocks was minimal 
compared with how wefl the market 
has done this year. The Dow indus- 
trials have climbed in 11 of the past 


Views Diverge Sharply 
On Yen/ Dollar’s Path 


Bloomberg Business News 

NEW YORK — The dollar 
slipped against European curren- 
cies on Monday, bat rose a little 
against the yen despite concern 
about trade relations between the 
United States and Japan. 

The dollar closed at 1 1 1.650 yen, 

3 ) from 111.60 yen at Friday's 
ose. 

The U.S. currency fell to 1.7511 
Deutsche marks from 1.7542 DM. 

Foreign Exchange 

to S.942S French francs from 
5.9565 francs and to 1.4668 Swiss 
francs from 1.4685 francs. The 

f ound rose to SI. 4945 from 
1.4927. 

Treasury Secretary Lloyd Bent- 
sen said Sunday in Tokyo that the 
United States would take other 
measures to curb Japan’s swelling 
trade surplus if negotiations with 
Japan, unsuccessful so far. prove 
fruitless. 

Some market participants say. 
on the basis of such talk, that the 
yen will strengthen as the United 
States, impatient with the slow 
pace of trade talks, pressures the 
crippled Japanese government with 
talk of a stronger yen. Other traders 
say the yen will weaken as Japan's 
political crisis deepens and plans to 
spur the economy are delayed. 
“People are trading the trade 


Amsterdam 


Helsinki 


aex treMinon : mjs 
Previous : OUT 


Brussels 


Ack-UM 

AG Fin 

Arbrt 

Bara 

Bckasrt 

C ocKerl ll 

Catena 

Delhalzo 

ElectroDel 

GIB 

GBL 

Gewoert 

Kradldbank 

Pttrollna 

Pawerfln 

Royal Solar 



2775 279Q 
29*5 2 WO 
4310 4345 
2360 2380 
20650 20750 
ISO 179 
5770 5770 
T500 1515 
*470 6510 
1454 1432 
4025 4040 
1250 9310 
7660 7670 
10575 10450 
3450 3550 
5070 y?so 


VbAiinMPiai 


average 




cent since the start of the year. 

Japan’s Nikkei 225 index lost al- 
most 5 percent of its value over- 
night, falling 954.19 points, to 
18353.24. 

“The political turmoil in Japan 
merely adds to a list of potential 
problems we see buffeting the US. 
stock market in the first quarter,” 
said Gail Dudack, market strategist 
at S.G. Warbuig & Co. 

Other problems, she cited are in- 
creasing odds that corporate prof- 
its would fall below analysts ex- 
pectations and the possibility that 
interest rates will rise as commod- 
ity prices move higher. 

So far this month, companies are 
reporting fourth-quarter earnings 
above expectations, said Don 
Hays, director of investment strate- 
gy at Wheat Fust Butcher & Singer. 

Shares of International Business 
Machines Corp„ Caterpillar Inc. 
and Apple Computer Inc. were 
among those that rallied on opti- 
mism about the earnings outlook. 

IBM shares gained 344 to 581* 
amid expectations the company 
would unveil its first profitable 
quarter in a year when it releases its 
latest financial results Tuesday. 


i'vfl'i'ii" ••• 




: J8£rA h 

IHT 

HYSE Most Actives 


Dow Jones Averages 

Open W Low urn os. 

flK&15 390446 3* 3444 3KBM 37125) —1.77 
tSb 1B13J9 1828X7 1813.79 1818.94 +4J1 
uSl 219.0* 719.TS 216.45 217.11 —UA 
Cm 141519 142440 141458 U1L4* -143 

Standard ft Poor 1 * Index— 

HM Uw Close dte 
indict rials 55197 549.73 S9U9 — 25? 
Trcreo. 44162 «W3 *057 + Z64 

FUma 4497 *153 4163 — 0J2 

SP«0 475XD 47149 471.97 —275 

SPIOO 44CJ7 GAS) 438.98 — 3J9 


NYSE Indexes 

Hen Law Lost am. 

Composite 26X30 Ml J50 2*1.73 —1X7 

JiNfosMofo 223.00 XgJB 331.19 — 1J7 

Tronsa. 231.12 27X42 28001 *131 

Ultttty 2J4J8 222X0 22X30 -0M 

Knonea 219.14 21773 21U7 —07* 


NASDAQ Indexes 


EUROPEAN FUTURES 


HWi Low Owe C*>9 

WHITE SUGAR (Matin 

Dwion pw mVrtc eti-tow o» * hm» 

Mar 20940 28630 289X0 289 JO 4- 020 

Mar 28670 38600 28850 2S&70 + 6,40' 

An 293X0 H,T. 292JM 29100 + 03) 

Oct 231X0 28050 230X0 23X00 + 050 

pic k.t. k.t. ms> aixo-ixo 

Mar N.T. N.T. 27850 201X0 — 1X0 

Eit. volume: 531. Prev. volume: 
1561 Ow Mt.:_111j a . 

London CammXBtv Exchange cocoa and cat- 
foe prices were net avouobte far mis oration 
due to transm tssfon pros um 


U.S./AT THi CtO^ 

American Express to Shed Lehman 

NFW YORK (Bloomberg! — Amencafl I?_S 


Metals 


Composite 

trfousfriafc 

Banks 



VoL MM 

LOW 

LOST 

IBM 

310*0 S8b 

55b 

so 

DtottnJ 

28451 Xlb 

30% 

30 V. 

RJSNab 

27799 7W 

7b 

7b 

CtaM 

24396 35b 

33 

35 

Unisys 

35220 13b 

13 

13% 

Merck 

23177 35V. 

34b 

34b 

WrtgEI 

20019 14b 

13b 

14% 

TolMU 

19774 70b 

tab 

70 

HastMn 

•8884 12b 

12 

12b 

ABardcs 

10708 29 

20 

Mb 

OimBnk 

17531 38b 

37b 

37b 

RJRpfP 

17220 Bb 

7b 

Bb 

OripASc 

1*347 40 

38 V. 

39b 

Chryrtr 

15373 *0b 

40% 

40b 

Compaq 

14299 844* 

82b 

82b 


79X94 790.48 
83074 827.10 
09847 697X3 
92240 919X5 
896.03 89574 
77158 76679 

185X2 182.70 


7904* 

827.10 —444 
*97X3 + &« 
920J3 —4.06 
89340 — 2XD 
7*9.10 *351 
18X78 —IX* 


dBM Previous 

BM AOk .BM Art 
I ALUMINUM IMJtfi Grate) 

Doflon mr metric Ion _ 

Seal 117250 117X50 1172X0 1173X0 

i Forward 1 139X0 1190X0 1189X0 1190X0 
1 COPPER CA7WPE5 IHfgfl Grade! 

DO nw* P*r mettle ton 
Soot 1844X0 18OX0 184X50 184158 

Forward 18*950 1870X& tttSXQ 11*550 

LEAD 

Dollar* Per metric lea _ 

Soot 50400 SQSA0 SOLDO SO9X0 

Forward 517X0 51750 $20X0 52050 

NICKEL 

Dollar* per metric tao 
Soot 5575X0 559000 5*4X00 5670X0 

Forward 5639X0 5640X0 5725X0 573000 

TIN 

Dalian Per metric ton 
Sea 4955X0 40*5X0 49HL00 5000X0 

Forward 50)0X0 5620X0 5030X0 5090X0 

ZINC (Special tosOGrote) 

Delian per metric tan 

Sad 997 J0 99050 100450 100950 

Forward 1017X0 1010X0 102350 10MX0 


r Its 82 M liS t!§ 

jr is ss iia iss 

j“ KM l£» 14X6 MM +071 

Alia 1450 1445 .1450 H50 +070 

Sn-. NJ. N.T. N-T. ,1456 +070 

Oct.. 1«4 1451 MM- 14X6 +B.M 

Nov 14X3 14X1 V4XJ 14.97 +0.13 

EH- volume-. 34187. Qpcalrtt 1I8W 

Stock indexes 

HWi Low Ctwe cwst 
FT5E180 (LIFFEI 
aspariwMxpom 

Mar 35046 34*36 34BM — 4X 

Jen 3S00J 3488J HWJ —35 

Sa N.T. N.T. 352 IX — 4X 

Est. velum*: 19714. Open Inf.: 77X71. 
Sources; Rcvtors, MatH. Associated Press, 
London mn Ftnonctaf futures Eire banes, 
wri Petroleum EKChqnaa. 

Spot Cwnm o dHfM 


Commodity Today 

Aluminum, lb 0532 

Coffee, Bthl. lb 0X1 

^ r o» Mte,b £& 

Lead, m 8X4 

Sliver, trov ee 5X7 

Steel <«crap),ton 133X3 

TTn. ttj 1X35 

Ztnc.lt: ■ . 0499 


N.Y.SJS. Odd-Lot Trading 


AMEX Stock Index 


Financial 


Hh» Low Clou Ctrpa 
48474 48257 483X7 483X7 


Dow Jones Bond Avoragi 


Vo* 

Motl 

LOW 

Lost 

10420 

13b 

13b 

13b 

*558 

7b 

*b 

7b 

S9I 

3b 

3V„ 

3"* 

4120 32b 

31b 

31b 

3730 4>V- 

4+i 

4b 

3147 

5b 

1Tb 

5M 

2640 

12b 

lib 

251* 

14b 

13b 

14b 

25 07 

5b 

5 

5ta 

7372 

*b 

4b 

*b 

2298 

22b 

22 

22b 

2015 23b 

21b 

22V. 

2014 

3b 

3b 

3b 

1*37 

*b 

*V> 

*H 

1922 

35 

34b 

34b 


wars,” said Lisa Finstrom, curren- 
cy analyst at Smith Barney Shear- 
son, pointing to sales of dollars for 
yen. 

“A weak economy spells trouble 
on the trade front,” she said. ‘Until 
the Japanese economy picks up. 
import demand will be slack.” 
Strange as it may seem, the dollar 
probably won’t rise beyond 1 1 3 yen 
until Japan starts to recover, she 
said. 

But earlier trading in Tokyo 
pointed to a weaker yen. The dollar 
rose to an 1 1-da.y high ofl 1147 yen 
there, buoyed by speculation that 
the government of Prime Minister 
Morihiro Hosckawa could topple. 

M Hosokawa is on thin ice.” said 
David De Rosa, director of for- 
eign-exchange trading at Swiss 
Bank Coip. in New York. 

The dollar slipped against the 
mark amid lough talk from the 
Bundesbank on the health of the 
German currency. 

A Bundesbank council member. 
Edgar Meisier, said the mark’s sta- 
bility was a priority and that at- 
tempts to revive Germany’s flag- 
ging economy with Luge interest- 
rate cuts were “doomed to failure.” 

The mark has fallen almost 10 
percent -against the dollar since 
mid-October. Traders suspect that 
the Bundesbank has been selling 
dollars in recent weeks to stem the 
slide. 


AMEX Most Actives 


EchoBov 

AmO) 

CNSCO 

ChevSfts 

RovrtOo 

Top5 nx 

GrwrLne 

Circa Ph 

GcttIC wt 

Atari 

Klrtw 

Peo6to 

ScJPrtib 

KX 


NYSE Diary 


Advanced 
Declined 
Unchanged 
Total IxMH 
NewHIrtts 
Naw Laws 


Advanced 
Declined 
Unchanged 
Total issue! 
New Highs 

NOW LOWS 


aaso cuve 

10S58 —0X3 

10343 +0.13 

10773 —020 


20 Bonds 
19 Utilities 
10 Industrials 


Market Sales 


NYSE 4 PJTL votume 
NYSE wev. cans, close 
Ames 4 »m. volume 
Aniex orev. cons, close 
NASDAQ 4 am. volume 
NASDAQ orev. 4g4n. volume 
NYSE volume up 
NYSE volume down 
Amex volume UP 
Amex volume down 
NASDAQ volume up 
NASDAQ volume down 


SAP lOO Index Options 



H&h Low Cion Outage 

3+ftONTH STERLING (UFFE) 

1508X80- pis Of 100 PC* 

NUTT 94.72 9458 9459 ' UnctL 

JlKi 94.92 fC£t «.«! +0X2 

S«o 9455 9451 9453 +0X2 

Dec 9453 9450 9451 +0X1 

Mar 9431 9478 9480 +0X3 

JJS 9464 *LiO 94X2 +OD3 

Sep 9446 9442 9455 +0X3 

9430 94X7 9429 + 0X2 

Mar 9415 9413 9415 + 0X3 

jar, 9402 94X1 94X2 +003 

Est. volume: 39.105. Op«n Intr 430,917. 
3-MOWTH EURODOLLARS (UFFE1 
SI mlHIoa - pH M 1M PO 
Mar 9*54 9653 9*55 UndU 

Jon 96X5 96X5 96X6 + 0X1 

s5 96X4 96X4 96X6 +0X1 

D-c 9555 9555 9558 + 0X1 

aS N.T. N.T. f£54 + 0X7 

JiS N.T. N.T. 95X0 + 0X2 

ScP N.T. N.T. 95-10 +OX2 

Esl. volume: 423. Open Interest: 10477- 
tXNONTH EUROMARKS (LfFFEI 
□Ml mlllkn -PBotiWpd 
Mar MJt 9432 909 +0X3 

Jon 94X3 9473 9482 +0X4 

5*p 95.17 95X6 95.16 +SJD 

Oec 95X9 95X9 95X8 + 0X3 


Buy Salts ' Short* 

Jon. 21 1X05X57 1J97J18 617*1 

Jan. 20 -1X84X27 IJS4JE3 SfJdO 

J0H, 19 1X32^08 1436X55 32435 

Jon. 18 1X15X27 1X76*11 36*47 

Jan. 17 770X24 1X34788 44X43 

•Included la the solos Bourse. 


NEW YORK (Bloomberg) -- Ji! 

would spin off Lehman Brothers Holdings 

securities house, to its stardwicieis ^ ^ t0 aJ^Sraie on its 
American Express aid ihe move 

Kli’S iiSSSSLbSs* Lehman vfll become an 

o ;kr 

miffiofl. or 15 cents a share, during the last quarter of \WL 

BoomDaysat 3 Brokerage Houses 

NEW YORK (Combined Dispatches) — 
booses — PaineWebber Group fac. Merrill Lynch * Gxffld &niib 
Barney Shearaon — on Monday annomced substantial 
fourth quarter. The advances reflected the recent strength m the s tori 

market and falling interest rates. . ■ 

PaineWebber reported a V percent jump mils toirtb-fpiarter prcrti tas 
well as record 1993eantmgs, It said it earned S56-87 mflbon, «J$L1 U 
share, for the three months eaded Dec. 31, vp frora.S41.4„ nrilhon, or /» 
cents a share, in the like period ayear ago. Quancriy revraue rose nearly 
29 percent to SI .07 bfllion from S836.03 mfllion. For 1993, the compa- 
ny’s net income totaled $246.18 mfllion. or 54^6 a share. 
the previous yearns $21 3.17 million- or $3^6 a share. Revenue reached 54 
billion, up from $3.36 billion in 1992. ■ 

Merrill Lvnch. -the nation’s. largest secuntics.firm. said its ioma- 


O 




DIvMmmM 



MJt 

94X2 

909 

+663 

9*63 

9*73 

9462 

+ 0X4 

*5.17 

95J36 

95.16 

+ 863 

VSL3* 

9SX* 

*5X8 

+ 063 

9SL54 

9585 

*554 

+ 062 

*360 

95X3 

9580 

+ OX1 

90S* 

95XZ 

fSJ* 

+ 061 

95X2 

9583 

95X2 

+ 062 

*042 

95X5 

9582 

+ 062 

95X7 

95X2 

9527 

Unrti. 


Com pony Per And 

CORRECTION 

XtdPcdorol Bk x . .15 

x-corrected anmoot of laoreond i 
INCREASED 

ARdKmcCarp O XI 

Mesno Group Q .19 

INITIAL 

Am Ntl Svn Bk. . X9B 

tscgsfe& n : ^ 

■ IRREGULAR 

CopRIty Invili . .13 

Ericsson LMJVIB AXS257 
GoidfleWSALW ■ y jxa 
MktvrMt Btuahrs » .12 

PcootosBIccom . J9 
x-opprox acaaoM per ADR. 
Ntnx atoaued per AWL 

REGULAR 

M .1288 


Esl. volume: (24753. Open Ini: 872,122. 

^^V^oUpc. 

Mar 1JAJ7 119-14 1)9-25 +M5 

Jun 119X5 119-03 119-05 +0-05 

Esl. volume: 47.149. Open Ini.: 104.193. 
GERMAN GOVERNMENT BUND (UFFEI 
DM 2*8X08 -pfs Of 780 pci 
Mar loan 99X7 100.13 +0X4 

Jan 10C.11 99X6 100.10 + 0X3 

Est. volume: 163.737. Open hil.: 174500. 


Industrials 


HM) 

GASOIL <IPE) 
US. dollars per 
Feb 14275 


Low Lost Settle CB’ge 

metric top+ats at 1*0 leas 
140X0 14230 1422S —0X0 
140.75 UZ75 142.ZS UlKft. 
14075 142X0 142X0 UnCtL 
140X0 14173 I4L75 +075 
140.75 14275 14250 +1X0 
14375 14425 14475 +875 
145.00 14630 14630 +1X0 
14775 14830 14875 +1X0 
15073 151X0 15175 +175 
13750 IS27S 15375 +075 
154 JO 156X0 156X0 +1X0 
15675 15630 13675- +075 
14716. open M. 116X12 



1-31 >15 
2-1 2-15 
1-11 2-7 


1-51 M3 
2-3 2-25 
2-4 5-17 
2-3 2-16 
2-1 2-15 


1-31 278 
2-1 2-28 
2-1 2-15 
2-3 2-18 

2- 1 VI 

1- J1 MS 

1-31 B- 29 

3- 1 .3-15 

2- 3 2-1* 
2-4 2r\i 

2- 1 2-15 

23 2-31 

1- 31 2-15 
V31 3-15 
1-31 211 

3- 2 2-1* 

2- 2 2-1* 
1-31 2-15 
1-28 3-1* 

1- 31 2-17 

2- 2 2*15 

2-25 3-11 

3A 4- 1 

2-4 2-22 

24 2-22 
2-1 2-15 

2-15 3-1 


PRICE: Air-Fare System Maces to Other Industries 


Continued from Page 9 
Hilton Hotels Corp- Royal Carib- 
bean Cruise Lines. Avis Inc. and 
Amtrak. 

AMR competes with a number 
of other companies in this emerg- 
ing field, which is estimated to gen- 
erate $50 million a year overall in 
revenues. They include Behavheur- 
istics Inc. of College Park, Mary- 
land. Arthur D. Little of Cam- 


bridge. Massachusetts, and 
Decision Focus Inc. in Mountain 
View. California 
At the Ryder track rental com- 
pany, which replaced five full-time 
pricers with the computer lechnol- 


then mailed out a new rate sheet to 
dealers. 

Now Ryder ngiggers its prices 
almost daily and keeps hundreds of 
millions of rales in its system based 
on_ trip originat ions, and destin a- 


ogy in 1992. the spread from its uoris and truck sizes, as weTT as 
lowest to its highest rate is no more shifting demand during the year, 
than 20 percent. Price changes are updated through 

Before the switch, Ryder typical- the computers at every Ryder deal- 
ly changed rates once a month , 


AJumimnn Up on Report 

Compiled by Our Staff From Dispatches 

LONDON — Al uminium prices 
rose Monday in trading on the 
London Metal Exchange, with 
three- month aluminum dunbmg to 
SMPOperton from $1,180 on Fri- 
day. A U-S. trade official, speaking 
on conditio n of anonymity, said a 
draft agreement had been reached 
at a multilateral producers* meet- 
ing in Brussels test week under 
which Russia would cut production. 

(Reuters, Bloomberg) 


quarter earnings surged 57 percent It said its profits rose to muuuo, 

or $1.53 a share, from $221 mffiiom or 9? cents a share, a year ago. The 
earnings reflect atwo-for-one stock split in October. - - , 

TheTravdere Inc.*s Smith. Barney Shearson brokerage unit performed 
hgm»r tfam ah aNiDcxpecMfl in the fotHih quarter.-ea n ung S 145. 1 nnlhon 
compared with 534.9 mHtiona year ago. (Bloomberg, AP, Knigfa-Rioder ) 

Nynex Sa^fs It Will Cut 16,800 Jobs 

NEW YORK (Knight-Ridder) — Nynex Corp. said Monday it would 
reduce its work force by 16,800 employees by the end of 1996. At the end 
of the l993 third quarter, Nynex’-s work force numbered about 79,400, a 
spokesman $aiH- About a third of the job cuts wfll occur this year, with 
another third to follow in 1995 and the rest in 1996, the spokesman said. 

Nynex reported it took after-tax charges of SI. 6 fnffioc, or $3.95 per 
share, for 1993, mostly for restructuring. The company reported a net loss 
for the fourth quarter of Si 34 billion, compared, with year-ago quarterly 
results of S324C2 mflli on- For all of 1993, Nynex reported a net loss of 
$394.1 million, compared with 1992 net income of 5U1 billion. 

Texaco Profits Rose 8.3% in Quarter 

NEW YORK (Combined Dispatches) — Texaco’s _ fourth-quarter 
profits were up 83 peroeatt, to $339 mflBoc, ot $1.25 a share, from $313 
mfllitm, or SI -32 a share a year earlier . But the riy was due to asset sales, 
and declining ofl prices pushed profit from continuing operations down 
to $284 million from $428 million a year earlier. 

Quarterly sales for the fourth-biggest U-S. oil company dropped 9.6 
percent to $8-57 billion from $9.48b2iion a year before, in 1993, net 
profit rose toSl-06 billion, or^4:47 a share, from S712 million, or $3.63 a 
share, in 1992. " (Bhomberg, AFP) 

Reynolds Is Hit by Aluminum Glut 

RICHMOND, Virginia (AP) — Reynolds Metals Co. on Monday 
reported a fourth-quarter 'lass of S23K6 million, reflecting a global 
surplus of aluminum that has driven prices shatjfly lower. 

The net loss for the period coded Dec. 31, which came to $3.98 a share, 
narrowed substantially from a loss of S152.1 mflli rm, or $2J5 a share in 
the year-ago quarter. The latest loss included an after-tax charge of 
$219.5 nuuion. set aride for restructuring costs dial include elumimting 
several metal-making operations. 


We e k a nd SwOfaca • - 

. The Assodaud Brea ‘ 

LOS ANGELES — “Philadelphia’' topped the weekend box office, 
earning an estimated $9.1 million. Following are the Top lOnaoneymak- 
ers based on Friday tideet sales mid ettiasted' sales lor Saturday and 
Sunday. ! 


1 Tii * w t 

i!®!f ir 


f. TWtateftAfa” 

7 DoUrttlrV 
3. -intoraoerton' 

' A rowarmr OfcfMorT 
5."lronWllT • 
Lnnop+ncoq Brtof 

7. -ScWninei-* Llir . 

8. -Tomtatonc* 

9. -SnadOVrtandS- 
}& -House Party 3- 


(TrlStarJ 
t aV& Cen tury Fax} 


.tiMuirsoto - - i 
WbnyaoodPkterti) 
i Savoy Pictures} 

■ (New Upedoema) 


ar.lmlUtan 
... . '.sv.lirdUlon 


304 iriBBon 
ssmiuon 
SnrilBon 
. »mUBon 


Sydney 


9X0 *75 

BHP 1^ lH* 7 

Boi-ol 473 47* 

Bougolnvlllr 1.12 1.10 

CoInMyer 570 573 

Coma Ico 5X5 5.12 

CPA 112B 1076 

CSR 55 537 

DimtoP SS5 164 

Fasten b few l J* U6 

Goqdnion F1«W 173 1.71 

I Cl Australia 11.10 1172 

MawHkm Z10 110 

MIM 274 279 

Nat Aust Bank 1272 1273 

Nno Corp 9 JO 9X0 

Nino Network 5 62 656 

N Broken Hill X6S i*5 

Pioneer Inn 273 278 

Nmnclv Poseidon 246 2*5 

OCT Resources 151 1.54 

Samos 1X3 3.9 1 

TNT 2X0 2X5 

Western Mining 7.12 77* 

Name Banking 477 474 

WtodsMe 4.1* 478 

^Ijor rftn OTwJnOe r : 7ZHM 


Johannesburg 


Sao Paulo 

Bunco do Brusfi 8700 *500 


Soc Gen Bonaue 8880 8880 
5oc Gen Belginue 26*5 2700 
Safina 15175 15100 

Salvor 15000 14775 

TractctX) 10*50 10*00 

UCB 24223 24000 

^^ s r^sr- 1tssst 


Frankfurt 


AECI 1875 1875 

Alfecn 93X0 93 

Anglo Amef Ita 202 

Bor loon HA 27.75 

BlwOOr 650 11 

Bllffels 52 52 

□e Beers 105X0106X5 
Drletonleln 4aso 51 

Genenr 8 870 

GFSA *5 97 

Harmon* 2675 30 

Hignveid Steel 1770 1770 

KlOOf 4875 4970 

NKttwnk Gro 2fl 2875 

Rondfoatein 4175 44 

Rusntat 7670 7770 

SA Brews H37S B47Q 

Sf Helena rijc *1 

Sasol WXS 19X5 

Weir, am 47 .47 

Western Deep 1*0 1*3 

gSSSL , ?iS?E?3 : ™‘ 


Madrid 

BBV 3Q10 3015 

Boo Central HIsp. 3085 3166 
Banco Santander ano axso 


CEPiA 3010 3000 

Drooodos 24*5 2515 

Endesa 7820 7VJ0 

Ercnss 155 160 

Iborteolal 1015 M»50 

ROPtal 4*65 46(0 

TatKKOlera 4710 4I« 

Teletart ca 1*25 1*30 

^ssFS&r-*** 


Banespo 

Bradesco 

Brotwna 


Petr ote as 
Teieteas 
Vale Rio Dace 
vena 
a; am 


6100 3850 
7500 7700 
1790a inoo 

8200 mo 

7*000 74000 
18900 1*300 
589*0 5*000 
81000 82000 


Da 
Da 
Da 
Fa 
Fu 
Fu 

Fullfsu 
Hitachi 
Hitachi Coble 


Juoan Airlines 
Kaiima 
Kama! Po w er 
KawasaW Steel 
Kirin Brewer* 

Knmatvj 

Xuboto 

Kvoeera 


3J3 178 

483 4X0 




Grains 

WHEAT COOT! iAWa>n*um*n-mowimr 

194 V. 100 Wa-94 174 17*1* 173 

173 300 Mov9< 152>, 176W 151 

IS* 196 «« 3-34 Vj id 13* V. 

IJ7M 202 Sea W 158 141b 13* 

1*3 1X9 OecN 346 149 14SV. 

127 111 Ail *5 

E^.SCrtS 13700 FTTS.SOWS 1272* 

FrTj open inf 51 JW off *47 
«*AT CKBOT1 ueMnMnun-Mnrv 
132 1*8 Mar 94 17314 175 172 

17*V» 198 660*94 IS* 156*. 172V. 

155 297 JulM 134 WJJ 135* 

LUYi 102 b SCP 94 138 1AR4 137 

160 112*. Dec 94 145 14* 143K 

373*. 153 Mct-95 

Est. sows NA Wi solas AMI 
Frt'sopenW JB.9S0 uc 83 
CORN (CBOT) S4WBun«iln«n-<Wtav**r0u 
111W Z32U.Mar*4 3.96*1 IOTA 294*1 

11*1* 2JBhMor94 ICO 106 10m 

lit*, i4i jui94 mnv 1 stm 1 x 3 *. 

737V, 140V, Sep W 2 1Mb 18 » 
171*. 274 Vi Doc ®4 277*9 US* 7JST* 

279V, 273V, Mar 95 273+ 175b 273b 

272 173 660*95 

272V, ITS JUI95 278b 280 278b 

271b 274 Dec9S 276 254 274 

Easobs 50X00 F»V s. rales VACl 
Fn’sopenif* 342774 NT 707 
SOYBEANS | CBOT) 5A0o bo nMm detara 
774 SJ9»466or94 4J9 A99b *17 

771 193V, 660* 94 4.95 7X3V5 493 V, 

770 SWbJMW 495 7X6 694 

7X5 *28 Ate *4 *78 498 678 

6J*b 6.17 SepM 676 *74 465V; 

777Vi S7SV.NOVM *47 474*4 446b 

470 416V, Jen 95 672b 44 T*. 472 W 

473 V, 442 MCT9S 

473 462V, Jv* 95 477 46S 457 

450*, 181 V, Nov 95 429 432 428 

EslsotB 55X00 FrTLSrtes 47,743 
Fri'sopenrt 119993 Wf S85 
SOYBEAN MEAL l CBOT) 1M4»- Qatar* ■*- 
23770 1BS90A6CT-94 191^1 I9SJ0 T9120 

ZJUK 14570 May (4 1953X3 W470 19470 

am I9120AJ 94 1*5.90 197 80 19SJ8 
moo 1 9170 Ate 94 19570 19470 19*70 

710JX 1 7100 Sep 94 19170 1*4.90 193X0 

10470 IfljOOcfW 191. W 19102 171X0 

OT00 *60 Dec 94 198X0 19270 10)70 

208X0 190X0 Jan 95 192X8 192X0 19100 

EsLuUs 14700 Ft+s.v6os 14JW 
FrCsanenlnr * 8X89 o ff *33 
SOYBEAN OIL (CBtm MOb-WnavlI 
ai75 21.13 66ar 94 2930 2*75 29.11 

3L4S 21 30 Mo* 94 79X5 2*64 28X5 

2*30 2UUI4N 3875 39.75 349 

2930 21 65 Ate W 2130 063 2830 

2LV 226DS»« 2770 2795 2770 

2730 2210Ocf94 2665 S49S 2465 

2450 HICOBCta £1X0 2*31 24X0 

3*Xfi 2245 Jen 9S 2419 2418 2410 

2540 2570 Ma- 75 

LSI. sales 20X00 Fnisdes 22.1*4 
FH'sopenW *4X8] all 1852 


17* *8X1 

376 HUB 
3xob ♦aunt 
141 4401b 

149 *0X2 

135 68X1 


173b -0X1 18301 

ISb+OXIb 47*1 
139*r 4102b B, M 
360b *0X3b 1,977 
36* *BX2V. 1X87 
148 *0X2b 


100b 6BJ Bb 
IXSb *QX» 
IXtb ♦0X3 I A 
111 40X1 

279b *0X1 
17SV1 40X1 
17* +OM 

3X0 tOXlb 
274 4800b 


498 eOMb 
7X4 +0X4b 

7X414 60X4 
4*7 60X4 

477b *0.05 
475b *6X6 
461b HL84M 
465b *0X4 
4*5 *0X4 

431b *ax2b 


195J0 *1X0 

HU *0X0 
19760 6070 

19*30 *8*0 

19470 *1.M 

193X0 *1X3 
1*2X0 *160 

1*2X0 .160 


29X2 4840 

2960 *830 

29.M *020 

I860 -OX* 

27.93 *81B 

24*5 +0-17 

3*30 *0.13 

2410 4815 

2*70 *8X5 



1DAQ 

hVo*.' " 


MS MSB 

1«0 13* 

S3? 430 

77S0 7800 

jns 92* 

2055 2085 


Montreal 


Alcan Aluminum 2*8* 29b 
Bank Montreal 29Vr 29 V 5 
Bell Canada 43W 43b 
Borneo rater B 7 lb 2 th 
C omo for 21 b Zl*o 

Cascades 7b 7b 

Dominion Text A 8 b 8 b 


Donohue * 25b 25b 

MocMiltoiBI 22 21b 

Nott Bk Canada lib lib 

Power Corp. 23 XU* 

Quebec Tel 21b 21 * 

□tebecar A igb 20 

Qwbesove i9Vi i*b 

Teiwlabe 20b 21 

unlvo 7b Tifc 

Video fr on 27b 28 


21b 21* 

19b 20 

1991 19b 
20b 21 

7b 71* 
27b 28 


uS!!is^,«a 5WOW 


A6A 719 713 

ASeaA 580 505 

Asfro A 192 190 

Ate COPCT 777 779 

Elearoluir 8 330 333 

Erkssan 37* 370 

Eueiie-A 117 110 

Hcmdeistraanen in 131 

Investor B 187 117 

Norsk Hvaro 252 251 

Procardia AF IS IS 

Somvtk B 1Z7 12S 

SCA-A ISO 148 

S-E Banker. *8 6870 

5JamfloF 205 19B 

Shanska 21* 717 

SKr 147 140 

Store 750 447 

TrglMoreBF 90 91 JO 

Volvo 626 *3* 

ttszsrmi 17 ™ 


Adia I rill B 229 227 

Aluwlsse B new 637 630 

SBCBnmBorB 7224 IIM 

ClDo Gfiar B 937 *28 

CS Holdines B 714 721 

ElekTrow B 4200 coo 

Frsdv+a ties 129 

Intardiscount B 2*10 
Jtlnwll a 900 930 

Londis Gvr R 960 956 
Lew Hid 3 77D 770 

•Aoevenaic* B 460 447 
fbsne R 1330 lm 

OerllK. Bueftrle R 13850 140 

Forgesc hb S i*so 1585 
Roche nqb PC 6685 669 
Scfrp KeouMlc T« 139 

Scfilnaier B ^ 7*0 
SulierPC 91S ni 

Survollianse B 20Ss 7085 
Swiss BnkCoroB 501 jus 
S wiss Pelnsur R Ut Ml 
Swiwair R 870 aS 

UBS E 1 S 77 lS 

'Alnfrrtrtur 9 8W yn 
Zurich Asa B 1566 1580 
sasite* : I8S1X1 
Prrrfote : lBSi.i? 


lOOURKADOS 


W GREAT BSHtM 


1^5 never been easier 
to subscribe end save. 
Jusfccfl tofl-iree- 
0800 895965 




r * f '|v 1* 1 




















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4Riff S8Q 
6060 1409 
4060 3.03 
6060 

+ 090 1X44 
6060 TJB7 
6060 

6BJS 223 
6060 38S 

6060 125 

+<U0 

6860 


+06 2 

+B3- 

-OX 71637 
603 15X50 
601 9X01 

— <u rpo s 

—0.1 23 

-03 2X3* 


*1X0 

61XB13J0T 
*160 2684 
*160 388 

+160 142 

*160- 


-0X0 58650 

-oxo m 

-030 J9Xn 
-8X0 24X44 
-430 4600 
■430 3X83 
-030 1U03 

-4* 4692 


comae Otcag trja>as.*a*Mrn 

«« 41X0MOTM 7U5 7565 7610 

*050 OaSMOyH 77.15 TT* 7560 

PJO 47.10 JulM 78*5 7*80 77XS 

Ul NjaSeaM 8065 0825 7960 

*1X0 77.I0DK97 81-70 I1JD 81X5 

8760 n.»Mte*5 8U0 8M0 836B 

Bioa BtatMovb 

Esl raS4f 8670 Frt*.SOK UJ 57 
WSOMH 55.151 0*1 M S 
SUOAA-WBRLB 11 (nob inAaots^cn 
1?64 TSiWm l33 1478 WX7 




8170 

nJV 



■nnibamHre 

1448 

WX7 

KU2 

HUJ 


7071 

1061 

I07J 

180 

1077 

1071 

1077 



10.52 


•aa 3165* 
+060 11482 
6 US UB 
+410 3647 
+0.W 1,7*4 
*1145 Til 
*430 38 


*0X3 «T|«i 
*0X5 31617 
•8X7 15609 
« nm im m 

+ 8 x 1 xm 


Rnancrtfl 

UST.BLLS (CMBO nnttn-n«Mpa 
9*99 BLlIMarW 9*92 NXS 9U2 96J4 +8X1 2865* 

RAM MUUurM 96JB tAV 9ta %J9 *031 UBS 

M-4* 9*8* Sap 97 9*60 9*61 9861 9M1 »0JR 2613 

M« 9W0&S97 94.10 C 

ES.*OleS 1693 RTs.w8n 360* 

FrTiODWiW 77.959 Ue l»tl 

5 Y R. TRE ASURY CCB0T) liaunwM-teABndfgriOOM 
1T3-CS5TW-I2 Mar *011-77 1127B llt-255 111-28— 81 
117-05 107-74 JunBIIIMi 111-108 TTI-Gi Tt1*0SS- DOS 
IB-WIIO-O* SvMIU-U 118-195110-135 1IB.M— 82 
Etf.8te 22X50 FW9.8NK 27X00 . , 

WscsoenW 1996*8 rtf 304 

NYU. TREASURY KND IWMM.N»]M«liaM> 

114- 07 10860 Mo* Mil >31 114-06 m*S 113-30 
’15-71 106-1? Jun 94 in-06 113-09 112-31 111-0 - 

115- 01 118-18 SepMUS-n U2-12 lia-w 112-11 ■ 

117- 31 MM* DkN 1)1-0 - 

111-07 109-09 Mar 95 111-02 

Est. sola 44.724 RT^trtM BjUt 

FfTsnoanW 271X0 UO W " * • 

US TREASURY BONDS (OCT) en HUMB ta ttaWW 
120-31 90-00 MarMl*-n H*-» 115-29 114-05—. a 
119-29 91-0* JutM1t9-ar TIM* H+27 1U-32— 81' 

118- 3* 90-12 SepM 113-Z7 114-17 113-27 11*70— 01 
118-08 01.19 Da:M 723-7* IMS lO-M 10-27— 0 

116- 20 102-00 AW9S1J2-29 113-97 112*08 112-0*— 63 

115-19 98-15 Junttra-U 112-W 112-00 112-00— a 
in-15 109-00 loots . 111-08 — 83 

UJ-H 104-2! OreM 119-17 — C2 

Ert.Kta 30M« (W8.I0RS 3B76C 
FlVlOOMH BMM « 2707 

MUNIOPA4. BONDS (CTOTJ — WM e h*— MHI1PB 
105-22 98-22 Maromn-rt 101-27 roj-re uvtt 
ttJ-D 100-01 JteM 162-39 183-80 182-19 W-M .. 

Ea.5rte* 3688 FfTLSOte 2X5* 

RTfOPteH 24.150 te U2 

gUROOOLLATP WM8W .N u fiaiaaL ■■ ■ ■ ■ ■ 

9*7* 90XBfiMr9t 9*73 966* 9*68 *465 .-+4X1714*7 

9*75 9061X01 94 96X5 9*68 94X4 9*6*.- +0X130*629 

9*27 IUSVN 9*0* 94X7 94X3 8*03 +0X121070 


• Industrials 

aniMi gucni) 

72X0 SU2MOTM 7221 7360 7205 

7379 57.47 May 94 7113 7060 7110 

74J7 5830JUI94 73J0 74X0 718J 

7L4J 59X10084 70S3 77X4 7RX5 

«X? WXODecM- <U* 49X0, <865 

TO* 42J0MOT95 49JQ ' «MD 49X0 

72X3 44X0 May 93 7060 7060 TUB 

JUKI - 

BJ-hObj 7-500 Frt*a.srt as 12600 
Witten lm 

HEATWGQO. (MMERJ flMte-tatePVM 
QXD <360Fet>94 TUB *tJD 47J5 

40JJ 4JJ3AUr94 4*70 7765 74.10 

3*75 - 4370APT94 7475 4560 7470 

57X0 43XDM0Y97 -4110 44X3 4410 

5M0 41*5Jlm94 4415 44J5 44JJ 

5760 44376687 4770 43X8 4470 

55X0 4575 Ate 94 4SJ0 «J6 4583 

57.0 4470 SepM 4780 4760 4780 

9X0 477000.84 TROD 4860 48X0 

5BX0 -. 48X0 Nov 94 4*60 4960 «H , 

5980 49^5 Dec M 49X0 49X0 <9X0 

0X5 g2SJim95 49X8 S1XQ 49X0 

57-» 502SMor95 «XB 4*70 49XO 

51X0 - 47.25 May 95 *45 4965 7B4S 

Estate* N A-Rf^rales 39694 - 
Frfiope nft* T **65T- Off 522T ' - / - 

LWfTSWbETaOJDE (NMBt) lxfotaU-A 
SrS - UBt.. 1535 1478 

3080 1448APT94 1587 13X3 14X1 

2060 VUOMOyM 15X8 15^0 15X0 

na - 15X3 JlBlM - 1540 15X6 15X3 

STB 1Z4ZM9S 1542 1S8S 1540 

2078 1564 Ate 94 -13X7 1578 3558 

2U8 UOTSOPW 1S17 1573 1584 

S2 1567009* 1367 U01 1567 

16X0NOV94 . 1*62 16.18 1*60 
3060 )6.13Dtt;W 14X1 1*30 14.0 

17J8 1*2*Jrtl95 1*25 14X9 1623 

H60 16J*Fe69J UXO - 1*54 MdD 

SM 1 6X4 MO-95 .1*51 1*61 1461 

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raTTTPM vnON AL HERALD TRIBUNE. TUESDAY. JANUARY 25, 1994 


Page 11 

EUROPE 



*>, 


! *’%6 


German Banks 
Are Urged to 
Share Windfall 


What’s an 


Alitalia Manager to Do? 

the Ax 


Bisignani Has Cut Losses, but Still May Face 

<5 _ . .L fleet, saving fuel costs. and he is credited *nn 




AtoeraAerg Business News 

FRANKFURT — German 
hanks mil save an estimated 1.1 
billion Deutsche marks (S629 m2- 
Bon) annually from last week’s cut 
in minimum reserve requirements, 
Jo hann Gaddum, vice oresident of 


the Bundesbank, said 

While not a direct means of eas- 
ing credit to consumers, the central 
h ank “assumes*’ bank customers 
will share the savings, which 


accounts with immediate access, ef- 
fective March 1. _ 

That compares with a range 
6.6 percent to 111 percent previ- 
ously. Minimum reserves refer to 
ihe deposits the commercial banks 
arc obligpd to maintain in nomn- 
terest-beanng accounts at the cen- 
tral bank. __ . , 

The cut German bants 

will have about 18 billion DM more 
to lend and invest 
Assuming these funds are invest- 
ed at about 6 percent, the current 




% 


. "C! 


'f-'C; 


:i v% 


amount to a 03 perraitage pcant f overnight interbank trans- 

are reporting record earn mgs amid - 
the country's wont recession in de- 
cades, have been criticized for their 
apparent reluctance to let tbeir cus- 
tomers share in thebenefits of the 
Bundesbank's series of interest-rate 
cuts since the summer of 3992. 

Just bow much of the cheaper 
credit they pass on to customers 
depends on the level ofoompetitkm, 
but “in a hard competitive environ- 
ment ibeyH probably be induced to 
pass them on," said Mr. Gaddum, 

-the Bundesbank board member re- 
sponsible for money markets. ■ 

Last Thursday, the Bundesbank 
lowered banks’ reserve 

requirements to 5 percent of sight 
deposits, which include tow-inter- 
est-bearing checking and savings 


billion DM in interest earnings pre- 
viously out of reach, Mr. Gaddum 
stdd. 

Regarding the discount and se- 
curities repurchase rates, which the 
Bundesbank left unchanged when 
its policy-making council met last 
Thursday, Mr. Gaddum said the 
mfmmnm difference between toe 
discount and repo rales acceptable 
to the Bundesbank is about a quar- 
ter-point, where it stands now. 

■ 33% Stale Inflation 

Consumer prices in the state of 
North Rhinfr-Westphalia rose 0.8 
percent in January from December 
and were up 33 percent year-on- 

S the state statistics office said 
lay v AFP-Extd News report- 
ed from Dflsseldorf. 


Bloomberv Businas News 
ROME — Burdened with a^repu^onfor 

indifferent service and fares* 21 ^ 
seats, Alitalia SpA was sliding deeply into 
debt when Carlo Yerci and Chwanm Brag- 
nani took over the national airline in 1989. 

Mr. Verri, the chairman, toed m a car 
accident less than a year laier, but not before 
mapping a recovery plan tbat lVJr. Bisv^an^ 
asmanaging director, has used to improve 
halve tosses for four straight 

^^Ahtalia, it appears, wiD survive. But Mr. 

B i si gnani may not be around to enjoy re 
^newspapers La Repubblica and Cot 
riere della Sera have reported that the govern- 
ment's plans to restructure the airime indnde 

■safes 

brought down many 

“He is a gpod manager but this recession good D18118^ cr« 

a b aSf jsejb? & asr- 

Credito Itahano International. 

Alitalia declined to comment on the news- 
naoer reports, as did officials at Isotuto per la 

SS Industrial, « « 


^ his «***. Th, sasi7 are?* 


k that Alitalia is. essentially, st 
With the exception of British Airways 
PLC. which is free oT government t con™ 1 * 
-all the European airlines are in deep trou- 
ble" said John Eichncr, chairman of uw 
airline consulting firm SH&E, based m ew 

Y ^s simple." he said. “They all ™ 

raU £n1^^™t-SToiled, Alitalia 
lacks Uw freedom to make needed but unpop- 
ular reductions in staff and routes- 
Despite that handicap. Mr. Btsignaiu has 

'He is a good manager, 
but recession has 
a 


Investor’s Europe 


Frankfurt 
DAX 
S400 " 


London 
FTSE 100 Index 



holding company that owns 86 percent of the 
publicly traded airline's stock. 

Investors evidently share the government s 
disenchantment. From a five-year high of 
2,417 lire (now SMI) a share when Mr. Vem 
and Mr. Bisignani took over, Ahtaha stock 
sBd to 603 lire in 1992. It has now recovered 
somewhat, trading dose to 800 urc. 

Airline industry experts said that Mr. Bi- 
sjgnani had done a good job in cutting losses, 
and that Alitalia’s problems were largely out- 


won praise for cutting losses, to 1990. his 1 Tina 
full year in charge, he more than halved the 
airline’s losses, to 89.7 bfllion lire 
lien) from 220 bfflion lire the yw WjJ 

He more than halved losses again in 1991. 
to 353 billion lire. and repeated toe | featrn 
1992, when losses shrank to 17.6 hitoontoe. 

The loss in 1992 amounted to 03 percent 
of revenue. That compares to losses of 
percent of revenue for Lufthansa and 5.7 
percent for Air France. 

*^Mr. Bisignani has done much to 
at Alitalia, analysts say. He upgraded the 


-It used to be awful" recalls Mr. Alonzo. 
-You were never sure if your flight would go 
or not. and they didn't really care. 

Alitalia has been one of the few European 
carriers to pri n market share across the At- 

n 51 

passengers flying between Italy and the L nu- 
edStates. up from 46 percent in 1989. 

But if the carrier woe to cut resources on 
its trans-Atlantic routes, that could leave an 
opening for V.S. carriers jo gan share. 
^Compounding these problems is toelackof 
a decent airport to the affluent industrial 
Lombard reaon around Milan. Rather than 
change planes at Fiumictoo, .Alitalia s inter- 
national gaiewav airport near Rome, many 
travelers prefer other European ones -- -and 
other airlines — to connect with miextonu- 
□ental flights. 

Mr. Bisignani confronted yet another 
problem when Romano Prodi was brought in 
to run 1R1 Iasi summer. 

Mr. Prodi. a former professor, has demon- 
strated little patience for unprofitable com- 
panies under his control. 

He has shuffled the management of the 
steel group 1LVA SpA. the coosirocuon 
group bitecna SpA. “ditotelarommu mo- 
tions holding company STET SpA. He has 
broken up and sold the food company SME 
Meridionale SpA. sold the bank Credito I u- 
liano SpA ana is about to sell Banca Com- 
merciale Italiana SpA. 

Miialia is considered “strategic" and will 
not be sold by the government Bui. angsts 
said, the airline may be next m lure to get toe 
Prodi treatment. 


Zurich 


SBS 


1,051.81 


Sources ■ Reuters. AFP 


Very briefly: 


1,051.12 +0-Q7 

InufTLiL-'Ml ILijM TnfM* 


Mirror Group Takes Part 
In Bid for IndependeM 

Ctmpiled by Our Statf From Dispatches 

LONDON — Minor Group Newspapers PLCsaid Mantoiyit had 
formed a consortium to bid for Wewg g 'K SSi^m dS 

European shareholders, who already own 47 pwcent of Newspaper 
Publishing. make up tire consortium, Mirror sauL 
Newspaper Publishing had a pretax loss of £ 4 M, 000 (S^,OOtiUn 
Scp<- 3a Tte lndgaKhat ^bwi 
plagued by Xkmg dronbtion «nd a art in pnee of iu closest 

lb, tattepotot «?> *““5* 
founding principle of independent ownership, but B supposol to 

of H Ms sad to .owner of U 

SSSo pacaii. wotSdSmce the rigtt to vote on the hiring Mid 
firing of editors. • (A?, Reuters) 


Unemployments Blacker Than Painted 

-K " .... tnr r>rmsnv because rele- of tire United States and B 


trend held true to Germany as weU. 

The Amex Bank report, prepared 
by Tap an Datta, a senior economist. 


By Aim. Friedman 

PfSTSKSfi ^^^ers into ae- 

ment levels to the world save lead- _ ou ^|Jansfo r ms cross-country 

aswjwsjsss ikmsSiv!? 

Rank in London comtiuded. 

But to a forecast that contras is 
with the view of a number of busi- 
nessmen and economists, the study 
contended that talk of a jobless 


Britain — 

w-ili not bean reducing its unem- 

was not '(Mre™ 
said it believed that the European 


culated for Germany because 
»rant data on discouraged workers 


complaint to Germany's Consmuuonal Court. 

r . , K x r- Hoescb-ICninp's Ivnipp Stahl AG unit said it would cut 

1800 jobs this year to addition to pre ^Sb^’ihe end ollW. 
SSCTmB JpllSmher 10 percent of jobs would be 

autumn: the insurer is to be pnvauzed this year. 


recovery fonovwng recession is mis- 
placed. It asserted instead that em- 
ployment levels could rebound 
faster than expected once a healthi- 
er pace of economic growth re- 
sumes over the next year or two. 

The study found that official un- 
employment figures tend to under- 
state effective unemployment be- 
cause they do not include 
“discouraged" workers, meaning 
those people who want to work but 


moat level in France is 1 a.7 percent, 
against an official level of 12 per- 
cent; tire adjusted figure for Britain 
is 123 percent, against 9.8 percent. 

japan’s adjusted rate jumps to 
9 6oercent, compared with 2.7 per- 
cent officially, while the U.S. rate is 
effectively 93 percent instead ot 
6 4 percent, Amex Bank said. 

The stark disparity between ac- 
tual and adjusted rates for Japan 
resulted from the large number oi 
women workers who traditionally 
drop out of the Japanese labor 

force during recession 
The study said the adjusted rate 
of unemployment could not be cat- 


nations may effectively be nnem- 

^^Mr. Datta said to his analysisthat 
the rates of economic growth needed 
to stabilize the level of unemploy- 
ment “do not took particular^ 
high" to relation to the growth of tire 
1980s. He also predicted economy 
recovery would not be plagued by 


after will suite higher levels 
struOural joblessness than tire Unit- 
ed States. Japan or Britain. Even at 
the trough of the recent US. recess 
a on. unemployment stayed below 8 
percent, while it has already reached 
double-digit peaks to European 
economies such as France and 1 talv. 

Although the .Amex Bank study 
played down the loss of jobs to low- 
wage countries as a less significant 
factor than industry's drive to in- 
creased productivity. Sir Michael 
Percy, chairman of Unilever Group, 
on Monday offered a more pessi- 
mistic view. Sir Michael said_tn a 




Upbeat U.K. Business Survey 


an inflation problem for a consider- h g^-p. 

able time, largely because the gap speech ...... .'tu Vue'.vntnti in- 


Reuters 

LONDON — British companies 
are increasingly confident and ex- 
pect orders from home and abroad 
to pick up in coming months, ac- 
cording to a quarterly survey from 
the Confederation of British Indus- 
try published Monday. 

'■nie CB1 said the survey showed 


iluiL uiuM, ““trv ■ .1 

between actual output and potential 
output will remain substanpal. 

The Amex Bank economist none- 
theless said that Continental Europe 
— whose economic cycle lags those 


iitllillll 


ahead, there remains uncertainty 
about tire effect on toe recovery of 
the significant tax increases due to 
come into effect in April, but for the 
present the economy is moving for- 
ward." The survey, conducted be- 
tween Dec. 17 and Jan. 11 found 
confidence on tire increase ^for the 
fifth quarter in a row. Orders and 
output rose over the previous four 
months at tire strongest rate for five 
years, tire CB1 found, and rnvest- 
ment intentions were positive for toe 
first time since 1989. 


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INTEKUTIONAL HERALD TRIBUNE. TUESDAY, JANUARY 25, 1994 


Speculators, 

Under Pressure, 


Page 13 

ASIA/PACIFIC 


Pending: New Patent Law 

U.S. Offers Time Concession to Japan 


KUALA LUMRJR* * Th* ■ Co mmercial banks will be free to 

draw ta these foods for withdrawals 
2J£ .E5&.5 ■“*»«“ te* for coaomers. bo, cam® ua Ihe 


SSaSSSa^ 

2.39 SSiqiSueafe d to2.^0 I J Cgara 18 t0 - makc 

ringgit aito trading as h^i ^177 short-usm more* is not 

dS the day rtlrSSSi cbstnrtnng monetary pokey,” xud 

SSnce 2.7&90 on SepL 9 1991 
Dealers said offshore^eai^ors 


ulators who had bet the Malaysian 
currency would strengthen. 

In spot trading, the dollar rose 
2.39 Malaysian cents, to 2.7640 
nnggit, after trading as high as 177 
during the day. It was the highes t 
dose since 2.7690 on Sent. 9 1991 


of mill i o ns of doflais in the process, 
because Bank Negara was making 
it hard for then to operate. 

Bank Negara, the antral bank, 
has taken a series of actions to qudl 
speculative inflows that it bdieves 
are causing the money supply to 
grow too fast Excess fiqmdhy was 
depressing short-tom interest rates 
ana raising fears of inflation, econo- 
mists said 

In its latest move; the central 
bank on Saturday barred residents 
from selling short- term monetary in- 
struments to nonresidents. 

At the same time, WanV Negara 
said it was requiring cnmmOTpiflt 
banks to keep funds from foreign 
institutions held in noninterest vos- 
tro accounts on deposit with the 
central bank. 


"They have managed to find 
ways to separate the short-term in- 
flow. and the longer-term capital 
which is desired,’* he said. 

One foreign-exchange dealer smd 
be behoved the new policies would 
chase away short-tom currency 
speculators, but added it could take 
time for than to sdl all their ringgit. 
Thar means the Malaysian curren- 
cy’s EaD could coutmne, dealers sad. 

A bank executive sad Bank Ne~ 

S Could Tnainrain the dofi&T 3$ 
as 2.85 nnggit for months. 

As for the stock market. Wong 
Yee Hm, research manager at J31 
Sassoon, said he believed kag-tenn 
investors would be impre ssed by 
Bank Negara's commitment to 
keeping inflation below 4 percent. 


By Andrew Pollack 

New York Times Service 

TOKYO— The United States 
has agreed to change its patent 
law to prevent patent holders 
from seeking royalties Jong after 
they first made their inventions. 

In an a gr eement with Japan 
that was signed in Tokyo cm 
Thursday with Buie fanfare, the 
United Stales said it would adopt 
a system in wind) patents, once 
granted, would be valid until 20 

years after the dare on which they 
woe filed. Currently. American 
patents are valid for 17 years from 
the date they are granted. 

Occasionally, parents take a 
decade or two to be granted be- 
cause they are held up in appeals 
and amendments. When this 
happens under the costing sys- 
tem, an invar tor can obtain a 17- 
year monopoly on an invention 
made long ago and demand pay- 
ments from companies that have 
long been using the technology 
on the assumption it was not 
protected by patents. 

Because these patents remain 
hidden for a long time and sud- 
denly surface, they have been 
called submarine parents. 

One example was that of Gil- 
bert Hyatt, a California inventor 
who was granted a patent in 1990 
for a computer on a chip, the key 

component of personal comput- 
ers and many other devices: 


Mr. Hyatt had filed for the 
patent 20 years earlier. While his 
application wended its way 
through the Patent Office, a huge 
industry producing microproces- 
sor chips and personal comput- 
ers ana consumer electronics de- 
vices grew up based on similar 
technology. But companies in 
this industry said they never 


Japanese firms 
have been angered 
by what they see 
as frivolous 
royalty demands 
by U.S. inventors. 


heard of Mr. Hyau nor relied on 
his invention. 

Yet Mr. Hyau has tried to 
demand, with mixed success, 
millions of dollars from a broad 
range of electronics companies. 
Had the terms of the patent pro- 
tected him only for the 20 years 
from the dale of filing, Mr. Hyatt 
would not have been able to col- 
lect any royalties by the time his 
patent was' granted. 

Japanese companies have 
been angered bv what they see as 


frivolous royalty demands by 
American companies and in vec- 
tors with submarine patents. In 
Japan, patents are valid for 20 
years from the date of filing. 

The agreement to change the 
American law was signed by 
Bruce Lehman, commissioner of 
the U.S. Patent and Trademark 
Office, and Waurni Aso, Japan's 
patent commissioner. Any 
change in patent law must be 
approved by Congress. 

In exchange, Japan agreed to 
accept patent applications filed 
in Eng lish, provided that a Japa- 
nese translation follows in a rea- 
sonable period of time. Ameri- 
can officials said this change 
would help foreign companies 
win patents in Japan, which 
awards patents to the first party 
to file for one on a particular 
invention, rather than the first 
person to invent it. 

Since the Japanese system 
puts a premium on filing patent 
applications quickly, having to 
translate them into Japanese first 
can be an impediment. In addi- 
tion, one American official said, 
there have been cases where pat- 
ents have been denied because 
mistak es in translations made 
the application incorrect. Under 
the new agreement, Japan will 
allow faulty translations to be 
corrected. 


Singapore 
Straits Times 

am- — 

2400- • - - ;.A 

23D0 ttI.I 

■a»-- 

m - - -rtK-* - 

s'o-im 

1993 199 


Tokyo 

Nikkei 225 ■■ 

jafo-..- ~A 


WT- : 

JSOOp a's^o^oT 


Exchange 

Kong Kong 
Singapore 
Sydney 
Tokyo 


Hang Song 
Shafts Times 
AflOnfmaries 
Nikkei 225 


Kuala Lumpur Composite 


Bangkok BE 
Seoul Ce 

Taipei ' W 
Manila Cc 

Jakarta Sb 

New Zealand N2 
Bombay Ns 
Source* Retried AFP 


SET 

Composite StoclT 
Waited Price 
Composite 
Slock index 
N2SE-40 ~~ 

National Index 


19M 

Monday 
Close 
11 £00.00 

2^1A27 

2424,50 " 

18,35324 

1,064.55 

1,461.59 

887.9ft 

5,957-88 

3/112-51 "" 

588.05 

2272,14 

f ,82940 


1993 1994 

■ prav. ‘ . 

Cfoss Change 
11,459.30 +1.23 
•24® 1-73 +L60 

225030 -1.15" 

19,307.43 -4J84 ‘ 
1,063.76 +0.07 

1,408.46 +3.77 
877.75 ■ +1.16 

5^70.03 -0.20 

3,106.51 +0.19 

59026 ■ -0.37 
2,279.82 *034 

1301.76. +1-56 

ImenuoonjJ Hcrdd T/jhunr 


Acer Aims 

Hong Kong Singapore Tokyo : f 
fT! T • - 0/1 Hang Seng ■ Straits Thnea • Nikta*225 • ■ ; ... 

10 List JA) 12030—- ■ - - I 2500 . ■Mjjrr-r 1 'V f 

q 1 • iw»— it' 'ag! ----- JV . 

Subsidiaries —=f L » -j. r 

good — jyw _ am - -rr- - ' ifflw — ‘ ‘ i lj 

Bloomberg Business \'e*s ' V 2D05 ~pv- WY :: " 

TAIPEI — Acer Inc., one of the IflOu/-- — • - ■ f 

world's largest computer makere, ^’roHOj ' S’O+Tdj" • 58000 A'S ON Oj’ 

plans to list 20 subsidiaries on .1993 1994 1993 v i99< . 1993 1994 

swkexdum^^dthewwld Exchan ^ Index • Monday '■ Prav. '■ % 
by die year 2000. us chairman said Close * Cfose Change 

M AOT. 5 »tcse sales rose aboai 58 Ho^Kona HmaSwig U, 600.00 .1,48930 .123 

percent, io $1.9 bObon. last year. Singapore Shafts Times 2^18^7 2,281.73 +1.60 

-jlgg*. 2^4^ fi 

factures notebook computers, is Tokyo Mfckei 225 18^5324 19.3C7.43 -4^4 

^ Taiwm ^ KualaTtimpLtr Compo^te S.MsCg 1.063-76 A5r 

“In order to welcome the 21 si Bangkok SET 1,461.59 1,408.46 +3.77 

Seoul ComFPStte Stock 887.96 877.75 *1.16 

Shi, the chairman. Taipei Weighted Price 5,957^8 5^70.03 -0.20 

Etoniia Composite ~ ~ gBT ~ ajidasT^s 

hopes to list is Acer America Corp., Jakarta Slock index 588.05 59026 ■ -0^7 

tai’ : d*p^&olA«te! iP NZSE-dO 2J!7ZM~ 2^.82 -0^ 

“The New York Stock Exchange Bombay National Index f ,829^0 IjaOUTO. +1.56 

will be the first priority, he said- Sources: Reuters. AFP Imemsooml HcnU T/jiamr 

Underlying the plan is a strategy 
of transferring ownership and 
management to local investors, 

tapping overseas capital, reducing VGI*y DriGflyS 

risk and belter responding to mar- — 

kei trends. Mr. Peng said. , Taiwan’s National Science Council said four foreign groups had bid to 

-ire vm o.wt nrax ” wiH Mi suppW Taiwan’s first satellite, to be launched late in 1997; the bidden are 
ctad H^i S>s1ems /Unn Ntan Mjnaoi, jM a povp com pri^. 
an»iv«t Jfh txrHine Hernia e Tai- ^ brael Aircraft lndustnes. Dormer GmbH and Alcatel Aisthom SA. 


Very briefly: 


analyst with Jar dine Fleming Tai- 
wan’ Securities. “They’ve discussed 
disintegration of the company be- 
fore. but nothing like (his. It wiQ 
make the subsidiaries more respon- 
sible for profits and losses.” 


COMPANY RESULTS 


Revenue and profils or 
losses, In millions, are hi 
local currencies unless 
otherwise indicated. 

United States 

Amer. Brands ' 
tfbQuor. ms rm 

RavWMM 3J1&. 1772. 

OpsrNof 1HKI 23X90 

Oiw 5hora_ 091 1.15 

Year ms 1992 

Revenue 13JW1. Ktai. 

Oner Nat «St20 BB3J0 

OperSha rt— 3J0 429 

7MB ntH oxetuOt gam of OA 
mtUtan in ouorter and toas at 
S19&4 mllUait fn Ml year. 

Ashland Oil 

id Quar, UN mt 

Rovewe 1570. 1572. 

Net InC. 5B9B 205 

Per Share an 041 


lit Half im iws . Pa tne Webber Group Soattiwestern Beil 

Tg-w mom tr. rm rm moaar. t m rm 

w s 3 ^ vs m » 

z m ^i r Shar *- ss m 

SStl milHoa ht mSMl year. T*g— . ,15? 


lit HaH im 

Revenue — . »2tL» 

Net Inc 1DOM 

Per Share U1 


Revenue 

Net Inc 

Per Shore 


m3 IM year 

4JXH ihLi> 

® h2h£~ 

*43 *54 per Share— 


Revenue mbs. Wi Raytheon 

Netinc __to)S9 4UD enouar. 1993 mo 

PerSBare — Ml taveaae 1517. UK. 


1193 ms 

1S-3& 


Lyondell Petrodiem. 
WiOear. 1993 ltn 

Revenue KUDO U21 

Met Inc icoo 1 L 0 D 

Per Shore— ai7 ui 
Y ear 2993 1993 

Revenue— Oaso. 4909. 

Net inc vja i*4» 

Per Shore 093 020 


Net inc m« mxo 

Per Share L37 136 

Y ear ’ - ' 19*3 ml «eQoar. 

n«iemir 9701 9tM Revenue 

SEP? «So 6B.10 

Per Share S.11 4J2 Persnar 


Boeing per snore a_o iud 

4tV Over. 1993 1993 . ^vuev 

Revenue — USA. Up. ■ NYNEX 

Net Inc 304.00 357xo «hQeer. ms 1993 

per Shore — ' 089 13K Revenue i3*X 03I& 

Year 1993 ms Net inc — oHAC. . incM 

Revenue 2\430 30184. Per Shore — — <Ut 

Net inc — U44. 1SS4. Year 1993 ifn 

Per Snore — 166 457 Revenue— iXtoe. wkl 

Net me (a) 3941 1311. 

Clara* Per Shore — X2fl 

2 M Quar. me 1919 a; Lass. 1W nets tadude 

Revenue — mM mx a wpee of j lM_bli>fan it 

Net inc 3059 2734 Qu v rfet andofStiB mttllat m 

Per Shore 057 050 year. 


■ NYSE 

Motef y*w dottfng 

Tables include the nattonwtdo prices up to 
the ctosing on Walt Street and do not reflect 
lata trades elsewhere. Via Tbo Associated Press 


Santa Fe Pacific 
tRDwr. irn im 

Revenue 73240 am 

Net Inc 67.00 168 .W 

Per Share 0M 091 

Year 1993 ms 

Revenue UK 2M. 

Net Inc — 33080(0)1045 

Per SleM UI — 

a‘ Lose t9H Quarter not to- 
dudes choree of *Fm/Wea 

Shawnnit Nattenal 


Soattnvesteni Bell Travelers US West 

eta Quar. 1993 1993 Midas’. 7993 1992 era Quar. 1991 1992 

t mS imi 2372. Rc-ZZ* lift Wlf. 2464. iSlf. 

Net lac 30SJK1 350JJ0 Oner Net 73660 ia» Oownn 2*410 361.90 

Per Share— 044 USB oner Shore— uo (Lee oper snare— Oa3 043 

Year 1*93 _W*2 Year ,W» nn 

Stmc*— io’imS 1 ura! oJ2n5— stxqo 

^^earaeTmc^ H 'ftl 

cfartes of simauion. per Union Camp 

than results adjusted lor 2- — __ . «— [lev 

tor-iswirin/vtav. »" 

MQm SmC t n l7 0§ an ¥&m£S 

IM Tear 1993 199S 

IS 770 ) Revenue US. 1064 rear 19*3 1« 

K«5£fS — vS 0 T 6 Net me - 50(14 7tk23 Revenue 184b* 17XU. 

Per Share— 040 O* p»r share _ 072 1.10 nSTS »J» l«6. 

Year 1913 1993 


Revenue 2290 

Net me MJU 

PerShor* 040 

Year 1993 


9417. M482 
28000 lolOT-D 
2J0 — 


Revenue 

Net Inc 

Per Share 

a: Lou. 


Tandem Computers 
lltQaer. 7990 1990 

Revenue—. 47555 48180 

Net inc 24.90 1751 

Per Sttarn 022 005 

1993 net Includes gam of SB 
minion. 

Tempt e-lnland 


Union pacific 
4th Ooar. 1*93 


Revenue— 

Net Inc 

Per Share- 
Year 

Revenue — 

Net Inc 

Per Share — 


Sni- 
per Share — 


Per Share— U6 aoo 

Year 1331 IM 

Net Inc 29070 7*20 

Per Shore. 293 031 

1993 Quarter net bietude tax 
Den&ftr afXXLZ mwkxi. 


Vfl tm 4f»Oear. 1*93 I9B 4fh fleer. 79*3 1*»5 mid lix 

13340 1030 Revenue 66940 69840 Revenue 21D1. 22». T« 524 


Net me 

Per Share — 


tJX 2520 Net inc _ 
a 12 046 Per Snare - 

1*93 1*92 Year 

23U 2311 Revenue 
11750 14*90 Net inc 
2.11 245 Per Shar 


117.70 139.20 anar 
a M 055 
m ms Year 
7J43. 0422. Revenue — 

56S40 36LS) Net Inc 


s ...1 

11SNlBflil_^ • 
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twruttatoree 


(Continued) 


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Philips Leads Assault 
On Chinese Beards 


Reuters 

BEUTNG — When Giinese men 
stare into their bathroom mirrors, 
they have an array of choices op 


(me of Beijing's most fashionable 
department stores. Landao. 

“Bui more and more people, es- 
pecially the young, use electric 


• Japan’s carmakers are likely to make fewer vehicles than U.S, carmakers 
in 1994. Nankaku Research Institute forecast. 

• PT SumaBndo Lestari Jaya, an Indonesian wood processor whose major 
shareholders are PT Barilo Pacific Timber and PT Astra International, 
said it would go public by offering 25 million shares, or 20 percent of its 
paid-up capital, to raise about 200 billion rupiah ($95.3 million). 

• Sarawak's state government, moving to privatize Sarawak Eteetriafy 
Supply Cotjl, will pay 1.49 billion ringgit (S596 million) for a 55 percent 
stake in Dunlop Estates BhfiL, a unit of Molti-Piepose Holdings Bhd, and 
transfer to it a 45 percent holding in the power company. 

Reuters. A FP 


CURRENCY AND CAPlT.il MARKET SERVICES 


bow their whiskers will meet their shavers,'* she said. “They are faster, 
end: by Rhinoceros, Flying Eagle, more convenient and more suited 


.'AAJki 

05 © 


Currency Management Corporation Plc 

XPiacbester Boose, 77 Laodoa Wall - London EC2M 5ND 
TeL: 071-382 9745 Eat 071-382 9987 


FOREIGN EXCHANGE & GOLD 


Wesffngbouse Electric 

1993 OQWT. 1993 1993 

U916, Rtvwnjf— » 2441. 2533. 


Golden Deer, or a foreign sword? 

Die chances are growing they 
will reach for a foreign shaver by 


to lifestyles now." 

Prices at her counter, which sells 
only foreign brands, range from an 


235JM 192M Nai LOSS 478O0 134. 

1.14 QJ4 

ms im Year J 999 1992 

7461. 734. R6V6nue B475. 93C 

sfiio 776JK N*r LOIS — 3300 10*4. 

258 3J» 

ivjiJo mette ind. 

SYS «i Quar. tt*3 199? 


Philips Hecwraics NV, and plug it imported three-headed Philips 
in instead of lathering up- shaver for 1,468 yuan ($169), eight 

Phtimc aiftno a-iih .-rttivr forrion times the average worker’s monthly 


24 Hour London Dealing Desk 
Competitive Rates & Daily Fax Sheet 
Call for further Information & brochure 


Philips, along with other foreign 
makers such as G diene Co. and its 
German subsidiary Braun AG , 
and Sanyo Electric Co. Ltd., Hi la- 


times the average worker's monthly 
salary, to a simple battery model 
for 136 yuan. 

She said Chinese shavers sell for 


chi Ltd. and Matsushita Ltd_ arc as little as 20 yuan but that their 
be ginnin g to make inroads in the quality is poor. 


battle against China's whiskers. 

The)’ are among the first foreign 
consumer products aside from food 
and drink to gain broad acceptance 
in China, a signal for other produc- 
ers that the dream of an open mar- 
ket of ’1.2 billion people may one 
day become a reality. 

The foreign brand names have 
been promoted with slick advertis- 
ing and fancy packaging. 

In electric shavers, foreign mak- 
ers retain a comfortable design and 
technology edge over domestic ri- 
vals, industry analysts said. 

China imported 33,142 electric 
shavers from January to November 
last year, an increase of 283 percent 
over the same 1 992 period, accord- 
ing to customs figures. 

While China does not have fig- 
ures for the overall foreign-brand 
share of the market, Philips' Phih- 
shave electric razor was the top 
import, accounting for I6percem 
of foreign-brand sales in China. 

"Most Chinese use hand razors 
because they are so cheap,” said a 
sales lady at the shaving counter of 


Christine Zhang, account man- 
ager at Philips DAP China, said 
sales of its shavers hit 50 million 
yuan last year, up from a very low 
ievd in 1992. 

^Our Japanese competitors suf- 
fer from a surfeit of fakes in the 
market." she said. “Our design is 
complex and too hard to copy. 
There arc no weB-known brands 
among local shavers." 

With import taxes on small elec- 
trical goods such as shavers at 80 to 
120 percent. Philips is working to 
boost local output. 


Claims and Disputes 
^ Against tke 

U.'TTED States 

Government 
PACE and ROSE 

ATTOWNE-iS. AJiD COON5ELOH& 


At 30 IP <•» 
LOB ANGELES 
• 310. 2T-J.290 O 


For further details 
on bow to place your listing contact: 
PATRICK FALCONER in London 
TeL- (44) 71 836 48 02. 

Fax: (44) 71 240 2254 

HmlfcSeribitiic. 


6L INTKKNATKINAI.|MM * 6 

ilcralo«iifc£ribunc 

iyiMWIVL.Ur..MlVfaAn.wlu 

LIVING IN THE U.S.? 

NOW PRIMED IN 
i\ r KW 'iORK 
FOR S AME DAY 
DELIVERY IN KEY CITIES 

TO SUBSCRIBE. CALL 

1 - 800-882 2884 

(IN NEW YORK. CALL 212-752-38901 


REPUBLIC 
NATIONAL BANK 
OF NEW YORK 


■f 0 3 


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a suesraAFry of republic new york corporation 
C onsofidated Statements of Condition 


Assets 1993 

Cash and due from banks S 597.112 

Interest-bearing deposits 

with banks — 5, 174,5b T 

Predous metals 1 . 1 02,664 

Securities held to maturity 902.903 

Securities available for sale. 9.857,210 

Total Investment securities 1 0. 760, 1 13 

Tradng account assets 1.138,760 

Federal funds sold and 
securities purchased isvfer 
resale agreements 2,743,692 

Loans, net of unearned _ 

income — 5,425,719 

Allowance for possible loan 
losses - (233.124) 


Loans (net) — . 5,192.595 

Customers’ liaMity on 

acceptances — 1,134,294 

Premises and equipment — 300^46 

Accounts receivable end 

accrued Interest 634,213 

Investment in affiliate — 625,333 

Other assets— 328,455 

Total evudt $29,726.038 


December 31, 


Liabilities and 
Stockholder’s Equity 


December 31. 


illsrs In thousands) 


Noninterest-bearing deposits: 


10,346.583 

412.105 

9,529.834 

320,113 

9,849^47 

637.597 

1^55^74 

3,959358 

(175590 


1,611.531 

298,451 

444,104 

553.315 

148,493 

$29,874X532 


In foreign offices — 

Interest-bearing deposits: 
In domestic offices 


Total deposits 

Short-term borrowings — 

Acceptances outstanding 

Accounts payable and 

accrued expenses — 

Other liabilities — 

Long-term debt 

SubonSnated long-term debt, 
primarily with parent 

Stockholder’s Equity: 

Common stock, $100 par value: 

4.800.000 shares authorized; 

3.550.000 shares outstanding 

Surplus 

Retained earnings — 

Net unrealized gain on securities 

avaflalbe for sale, net of taxes — 
Total stockholder's equity — 

Total flabirdies and 
stockholder's equity — 


1993 

1992 

$ 1.069,325 
146.431 

$ 962,600 

60,262 

4.255.497 

13,694,638 

4,276,544 

12.480,779 

19,165,891 

2,870^90 

1,137,636 

17,800.185 

4,897,40? 

1.616564 

1,321,915 

152,648 

2^57,847 

968360 

100,672 

2.002,497 

580,940 

581,174 

355,000 

1,180.436 

511.B51 

355,000 

1,160.881 

390,918 

211.584 

- 

2,238^71 

1306.579 

$29,726,038 

$39,874,032 

S 1.461.452 

S 1.47B.445 


The portim of ttwaivestmB WhpiBcioio metals not hedged by lorward sabs was S24.8maon and <14.9 mffion ii 1893 and 1992, rospeotefy. 

REPUBLIC NEW YORK CORPORATION Twelve Months Bided Three Months Ended 

Smunaryoffiesufts S S SS l h December 31 . 

(In thousands except per share data] 1993 1992 1993 1£ 

Net income $ 301,205 $ 258.883 $ 79,927 S 61 

narfi dividends declared on common stock S 56,74ft $ 52256 5 14,230 $ II 


Net income 

Catfi dividends declared on oommon stack 
Per c«nmon share 
Net income: 

Primary 
Fiily diluted 

Cash dividends declared 
Average common shares outstanefing: 
Primay 
Fully <»uted 


520 $ 
5.05 S 
1.08 $ 


World Headquarters: Fifth Avenue at 40th Street. New York, New York 10018 
(34 offices in Manhattan, Bronx, Brooklyn, Ouaens and ttfestchester & Rockland aunties) 

Member Federal Reserve System/Member Federal Deposit Insurance Corporation/Member New Ybrk Clearing House Association 

NEW YORK • QH6FVA - TOKYO * IQfffiOH • ZURICH • LUGANO - LUXEMBOURG • («*■ **ONTE CAftLO » GISRAUAR ■ M&AN • QUS1NSCY 
M1UT • MIAMI • LOS ANGELS • BEVSttY HILLS ■ NASSAU • CWMAN ISLAM3S - MONTREAL •TORONTO • SINQAPCmE ■ HONG KONG ■ WIPQ 
jAKWW * BBJM3 • SYDNEY • PERTH • M0MTEW083 * PUNTR 0B. ES7E ■ BU&K3S Affi£S • SANTIAGO • ME»CO CITY - CARACAS • RIO 0£ JANEIRO 


I 





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Page 14t 


ABC INVESTMENT A SERVICES CO (EXJ 
Mananw^cftrolftPO aCLFx SSSOUTI 532SJJ 

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in ABC l&latnK Fund (E.CJ S VOtt 

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INTERNATIONAL HER AIJI TRIBUNE, TUESDAY, JANUARY 25, 199* 


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Page 16 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, JANUARY 25, 1994 


SPORTS 


m 



Nfl_ Playoff Picture 

Games 


m 


*/ . i 


By Mike Freeman 

New fork Tima Service 
IRVING, Texas — About the 
only bad news for the Dallas Cow- 
boys came when the knee of Dennis 
Brown, a defensive end for ihe San 
Francisco 49ers, smacked quarter- 
back Troy Altaian in the head ear- 
ly in the third quarter. 

A woozy Altman had to leave 
the game, and was replaced by Ber- 
nie Kosar. But by then it was 28-7, 
and the deadliest blow bad already 
been delivered by the Cowboys. 

A 28-point first-half drubbing 
probably left the 49ers feeling 
worse than Aikman, since it is the 
Cowboys who will be playing in the 
Super Bowl while the 49ers will be 
watching it on television. 

Although the49ers put up a Tight 
m the second half of the National 
Football Conference title game 
Sunday, the Dallas offense was 
simply too much for a young and 
battered defense. 

Coach Jimmy Johnson, who had 
guaranteed a victory for his Cow- 
boys, was right, after all. 

By hammering the team of the 
1980s, 38-21, Dallas earned a re- 
turn trip to the Super Bowl next 
Sunday, where the Cowboys will 
face the Buffalo Bills, and make a 
bid for being the team of the 1 990s. 

Last year, Dallas blew out Buffa- 
lo, 52-17, giving the Bills char third 
consecutive Super Bowl loss. The 

San Francftoo 1 7 7 7 — ST 

Dallas 1 71 1 J—M 

Rrst Quarter 

Dal — E Smith j run i Murray Mckl. 4:18 
Second Quarter 

SF— Rothman 7 pass tram Vguna (Cater 
kick). :0&. 

Oat—Jatrmton * run t Murray Mr*}, 5:77. 
Dal — ELSmlHi II pass Irani Aikman (Mur- 
ray kick). 8:56- 

Dal—Navacefc 19 pass from Alkmon (Mur- 
ray kick), 14:02. 

Third Quarter 

SF— Watters * run ICofer kick). 9:13. 
Dal— Horner 42 pass tram Kosar (Murray 
kick), 12:36. 

Foam Quarter 

Dal — FG Murray SO. 5:08. 

SF — Young 1 run (Cater kick). 10:54, 


way they dominated the 49ers in 
Texas Stadium, the Cowboys have 
to be considered heavy favorites, 
despite Buffalo's manhandling of 
Kansas City. 

The departure of Aikman was. it 
seemed, the only thing that could 
give Dallas a scare. Aikman was 
trying to duck under a rushing 
Brown, but Brown's knee glanced 
off the side of his head. 

Ai km an, who suffered a mild 
coDcosaan, spent Sunday night in 
a hospital but is expected to play 
against the Bills. 

Kosar, dropped by the Cleveland 
Browns earlier this season, came in 
and at first sputtered. That allowed 
the 49ers to cut their deficit to 14 
points after a 4-yard touchdown 
run by Rickey Watters. 

Bui Kosar soon got his feet un- 
der him, and just as the 49ers were 
threatening to make it a game, he 
hit Alvin Harper for a 42-yard 
touchdown pass. It was 35-14 by 

the end of the third quarter, and the 

Cowboys, with their cocky coach, 
were on their way to Atlanta. 

Aikman completed 14 of 18 
passes for 177 yards and 2 touch- 
downs, while Kosar was 5 of 8 for 


for 287 yards, but was intercepted 
once and sacked 4 rimes. 

It did not take long for emotions 
to flare. Before the game started, 
receiver Jerry Rice of San Francis- 
co got into a shoving match with 
several Dallas players. R unning 
back Watters got into it as wdL 
There was a lot of finger pointing 
and talking before the skirmish was 
broken up. 

None of that was a surprise, con- 
sidering the past week’s buildup. 
Johnson had guaranteed that the 
Cowboys would win. Johnson’s 
brash prediction was at odds with 
the conservative world of pro foot- 
ball, where humility is preached 
and bragging is scorned. 

Tve been talking aD week,” 
Johnson told his team after the , 
game. “If you're gonna talk the fi 
talk, you gotta walk the walk j& 
Thanks to you guys, y*all did the 
walkm.' " * * ' 

They did it by scoring touch- 
downs on four of their five first-half 



• NFC 

• GRES'! BAY PACKBS 28, 
DEtTOff-UONS 24. 




•new^yowc GIANTS XT, 
MINNESOTA VIKINGS 10. 


■v* \ 

vr.**' * 




-• AFC ; : • 

• KANSAS CfTYCHfSS^ 

PITTSBURGH STEELBtS 24, 

Of. ; ’ : V 

• LOS ANGELES RAIDERS 42, 
oaqva BRONCOS 24. . j 






83 yards and a touchdown. 

Emmitt Smith, the Cowboys' 
star running back, picked up 88 
yards rushing, caught 7 passes for 
85 yards and scored 2 touchdowns. 

San Francisco's quarterback, 
Steve Young, completed 27 of 44 


two touchdowns in less than four 
minutes after the 49ers tied it at 7 on 
the first play of the second quarter. 

Dallas tacked on a fourth touch- 
down with 58 seconds left in the 
first half, then held off San Francis- 
co in the second half. 

“This week I'm not gonna say a 
word, but you know how I fed,” 
Johnson said. “All I gotta say is: 
How *boul them Cowboys!” 



Second-Round Gcmie* 


9 

, =' 


• SAN FRANCISCO . 49BS 

44, NEW YORK GJANTS 3. 


• DALLAS COWBOYS 2 7> 
GRmq BAY PACKERS 17. 


• BUFFALO BUIS - 29, LOS 
ANGOES RAIDERS 23. ' 




• KANSAS CITY CHIEFS 28, 
HOUSTON OILERS 20. 


UadalUac/TteAtneEMed Prm 

Troy ADonan was knocked oat of a lopsided game with a coDCnssktt, but ffaeGnriMys’spiaitef^^ 


Conference Titles 


Winning Bills Take Time to Worry About Joe Montana, the Fallen Foe 


• BUFFALO BILLS 30, KAN- 
SAS CITY CHIEFS 13l 


By Frank Litsky 

New York Tunes Service 


him. Montana's head hit the ground time they were in a cham pi onship with two sacks, one interception 
hard, mid (fid not play a gain, game was 1970, when Montana was and no touchdowns. He scrambled 

playing junior high school basket- once for a yard. His best sequence 


“The three of us hit him,” said 
ORCHARD PARK, New York Smith, the. All-Pro defensive end. 


was a 75-yard drive in 7 plays in 95 


Bills’ cotrarback. “They took away 
some of the things he wanted to go 
to in his reads, and the front got to 
him." 


Punts 

Fumbtes-kusr ‘ 
P en o tH os -yords 
Tin* of muunlnn 


Ml *35 

w W1 

*29 2-lB 
2920 


• DALLAS COWBOYS^ 38, 
SAN FRANCISOO 49an 21. 


— While pro football players may 
not be hero worshipers, they are 


“I think when he came down, his The Bills had heard people (not seconds at the end of the first half. 


hero respecters, and a quarWback ^Wh,’ 7* blew something 

who has achieved as much over the was wronR w,th him then. 1 was 


head hit the carpet and he went, from Buffalo) saying how wonder- The threat ended with an end-zone 


Canos aty (97 (-U 

tafMo -7 n o- 18-31. 

Pint Quarter -. 

Bus— Thomas n nm (Christ* McW. J.-71 
ICC — FG Lowery 31, 12:44. 

KG— FG Lowery 31. 14:21. . 


ful it would be for Montana to miercepnon. 



SF 

Dal 

Rm downs 

24 

2 M 

Rushes-vords 

7144 

33-124 

Passlno 

275 

29 

Punt returns 

W 

1-4 

Kl ctuitl returns 

644 

3-29 

Intyrceattans rot. 

80 

l-W 

Conuxrti-hnt 

27-45-1 

18280 

Sacked-vards lost 

4-12 

2-7 

Punts 

4-46 

641 

Fumbles- lost 

2-0 

W 

Penaiiles-varas 

6-44 

6 » 

Time of possession 26:27 

INDIVIDUAL STATISTICS 

33:33 


years asioc Montana is admired by tryjng to asklrim if be was all right. 


return to the Super Bowl, perhaps “We felt all week that we mi ght 

li wm a- timm tLn Can TlAt Punlr ki ln m Ia# • P Snl "** ■ 


his peers. 

So after the Buffalo Bills' 30-13 
victory over the Kansas City Chiefs 


bat he couldn’t comprehend what I 
•assaying.” 

After the game, Jim Kelly, the 


against his former team, the San not sack him a lot,” Smith said. 
Francisco 49ers. That irritated the “But just to get pressure on trim 


for the American Football Confer- Bills’ quarterback, went over to his 
ence championship and a Super opponent and friend. 

M i « »* A . r **iT*„. J- e miii/.n 


Bills, especially Smith. 

"The fact that everybody wanted 


would help us a lot" 

The Bills generally used a base 


to see Joe Montana against San defense in which the comerbacks 


RUSHING— son Francisco. Young 7-38. 
Watters 12-37, Rumman 2-9. Dallas, ESmtth 
23-88, Aikman >25. Johnston 4-13, Lassie 1-1, 
Kotor 3-t minus 3). 

PASSING— San Franctscn. Young 27-45-1- 
217. Dallas. Aikman 16188T77. Kosar S-64HO, 
Haracr H-84L 

RECEIVING— San Francisco, Wattyrs7-» 
Rk* 6-83. Taylor 3-61, J-WII llama 3-44, BJonrj 
>24 Loaan >21. Turner 1-12. Rattiman 1-7. 
Dallas. E-Smitti 7-8S, Harper 4-78, Novacek 4- 
57. irvtn >U Jonnstan 2-17. 
vWlfSSED PIECD^JOALS— None. - 


Bowl bent the victors were con- “How do you feel?" Kefly asked, 
ceraed over the health of the loser's “Not good,” Montana said, 
quarterback. “Stick in there,” KeOy said. 

Montana was knocked out of the There was nowhere for Montana 
game eariy in the third quarter when to stick because his season was 
Pfail Hansen tackled him tow, Bruce over. The Chiefs had hoped Mon- 
Smith crashed into him from the tana would finally lead them to the 


Francisco or Joe Montana 
Troy Aikman irritated us,” 


tains! played up rathe wide recovers and 
Smith the two safeties played deep, a 


But— Thomas 3 run (CftrlMtaktec), 2Jk 
Buf-FG Christie 2J, 7-JSi. 

Bui— FG Christie 21 12-J9. 

nurd Qaartar 

KG— Allan 1 nm (Lowery Mckl, 11:44. 


. . . . INDMIDCML dTATlfnCJ^.- ■. 

RUSHING— Kartsas City. Alton IMG Arv 
oars 2-1. NWntoDon-1. Buffalo. Tlmnas3»K,, 
KDavtslOGL-Med V8.Kanv>a . 

PASSING — Konsa»CJty-.MofitiDaP-2»-vl2i 
Krtau 1489-W98. Botfolo, KfeHy'ltWMtL 

RECEIVINGl Kunyas atyi0aab487,Dq- - 
vis *57, Btntan 480, AHon ML McNair MX 
Hayu 2-14, E.Tharapsan 1-12. Huphas 1-1 L An- ■ 
d9ral-7, Srnlf T-*. auTHNa. Rood Mfc BnMa> 
14W«tz«lasrs(G, Thafnai >22. Baaba>iy, 
McKoDtr 14. ■ 

MISSED FIELD GOALS— Noao. 


Supor Bowl XXV1U 


'SUoday, Jan.30 

; Atkmta 

• BUFFALO BILLS vs. DALLAS 


cowboys. 


said. “We hadn’t even played yet scheme known around the League 
That’s no respect at aiL No one as Cover Two. At times, they threw 


But— FG Chrlstl* 18, 3:0L 

But— TlMim 3 ran (Chrldht kick), 930. 

KC . Bof 


expected us to win it It was always an eight-man front against the 


side and Jeff Wright fell on top of promised land, knowing the last 


‘Joe, Joe, Joe.’ ” Chiefs' rumring f 

When Montana was in the game, tana to pass, 
he was unexceptional He complet- "You’ve got to 
ed only 9 of 23 passes for 125 yards, ers credit," said 


Chiefs' rumring daring Mon- 


You've got to give our lineback- 
er edit," said Henry Jones, the 


Ftnt downs 
RukOw-vo r da 
Panina 
Punt rnhnro 
KMtoH return 
Interactions rat. 
ComP-olHnt 
Sadtad-vanta last 


22 3D | 
.21-53 46-29 I 

286 160 

l-n . s-m 


M 2-T3 1 

. 25-52-2 17-27-0 

4-37 M 


TO OUR RgAPERS IN LUXEMBURG 

Ws newer been easier to subscribe^, 
and save. Jusf call toll-free: ,•••• 

08002703; ; 




IARD 


NBAShatTri f n gs 


Cowboys Favored 


EASTERN CONFERENCE 
Afftmnc DMsiaa 


The Associated Press 

LONDON — British bookmak- 
ers on Monday installed the Dallas 
Cowboys as odds-on favorites to 
repeat as Super Bowl champions. 

Ladbrokes listed the Cowboys at 
1-6 to win next Sunday’s game 
against the Buffalo Bills. The Bills 
were listed at 7-2. 

“We rate the Bills as the biggest 
underdogs since Joe Namath's Jets 
in Super Bowl III" said Lad- 
brokes spokesman, Paul Austin. 
"Indeed, we offer exactly half of 
the odds for the Cowboys we of- 
fered a year ago." 

In Las Vegas, the Cowboys were 
made a 10-point favorite. 



W L 

pet 

OB 

New York 

» 11 

m 

— 

Orlando 

23 16 

M 

4 

New Jersey 

IB 28 

jOA 

m 

Miami 

17 38 

A59 

9 

Boston 

17 23 

.425 

10Ki 

PNladolpnia 

16 23 

,410 

iivs 

Washington 

13 25 

Central Division 

442 

1M 

Atlanta 

26 10 

m 

— 

Chicago 

27 11 

Jii 

— 

Charlotte 

22 17 

464 

5M 

Cleveland 

19 19 

400 

8 

Indiana 

16 a 

444 

10 

Milwaukee 

11 27 

289 

16 

Detroit 

9 28 

243 

17W 


Pocmc DhrtsHxi 

SOCHI* 30 6 JED — 

^Phanite 27 io jap m 

TWftHtr " * - ~ 23 U JMT- ~BW 

GoMcn Slaty 21 16 MB W, 

LACJbxwi 13 24 J51 17V4 

LALOkary 12 26 316 19 

Sacramento 12 29 Jit 19 

MONDAY’S RESULTS 
PhUadtiMUa 10 2S 9 3«- 99 

New Yack 2S at at IS- 92 

P: Perry 7-9 0-1 t& Horracek >9 16- to 23; 
NY: Ewlra 14-29 B-8 3A Storka 0-18 2-4 2tt 
Rehoomt*— PMtadewiki S2 (Bradley 1U. 
New York 57 (Ewtne 21). AnWe-PMiodel- 
phtaTI (Barra 6), New York » tstarka 9}. 
WammtOfl 22 17 18 23— 88 

Miami 3t 25 27 25 — 113 

W: MacLean 5-1144 l4.Cheaney 5-1055 IS; 
M: Rice 8-14 >2 21, Smith 6-10 4-5 IB. Ke- 
bc undo Wo N ik igt an 39 (Muracn 7], Miami 
S3 (Selkaly 17L AiHita— Wastitnwton u (Ad- 
ams 41, Miami 34 (Smith IS). 


Westbrook 100, Green Mountain 07 
SOUTH 

CwitraM. Trtnuv.rroat. 71. • 


Soccer 


Georata Tech 74 Vtnjtafci-70 •_ 
Memphis St. 42, Clndtmatl 55 
OMethorpe B9. Mlllsacs 77 
Sewanee 85. Rhodes 75 
South Alabama 71 Arkansas St. 59 
Watfifneton & Lee Bt. Catholic U. 47 
MIDWEST 

coe 79, mean ts 
Cornell, Iowa 71 Carroll, wis. tl 
UUnali Wesrvn 89, Elmhurst 81 
iQmt 46. L awrence 63 
MIcMoon 74 Illinois 70 
Monmouth. III. B1, BeMt 78 
St. Norbert 77, Illinois CoL 71 OT 
Washington, Mo. 91, Case western 77 
WEST 

Texas 107. Georgia 96 

Idaho St. 91, Sacramenla St. BD 

HawaD Pacific 91, 5t. Martin's 73 


-TTAUAN FIRST DIVISION . 
Cagliari a Genoa 0 


SPANISH FIRST DIVISION 
Depbrttao la Coruna 1 Cello 0 


1996 EUROPEAN CHAMPIONSHIP DRAW 
Group Dm 

France. Romania Poland, Israel Slovakia 
Asertwflan 

Group Two 

Denmark, Spain, Bolglimv Macedonia. Cy- 
prus, Armenia 

Group Three 

Sweden, Swtfzer land, Hungary, Iceland, TUr- 


WESTERN CONFERENCE 
MMwost DMsIon 


Major College Scores 


Houston 

W L 
29 * 

Pel 

J43 

San Antonio 

27 14 

m 

Utah 

26 14 

450 

Denver 

18 21 

A63 

Minnesota 

13 2S 

J42 

Dallas 

2 36 

ASS 


EAST 

Delaware 59. Northeastern 55 
Drexol 88, Boston U. 73 
GaHaudet 116, Band 61 
LoMovne 98, New Haven 87 
NYU 76, CamegleMeBon 70 
Temple 78. Rutaen 56 


ONE DAY SERIES 
PakMea vs. BanaMesfi 
Second Match; Monday, Io Dhaka 
BarakxMi; 184-5 (45 avers) 

Pakistan: I860 (43 overs! 

Ptxutm deal Songiadesft by 7 wfaketa 


Grom* Foot 

Holy, Ukraine, Croatia, Lithuania, Estonia 
Slovenia 

Group Five 

Netherlands. Norway, Czedi RePUMIc, Be- 
larus, Maths Luxembourg 
Group Kx 

I retand. PortuoaL Narfhem inland, Austria. 
Latvia, Liechtenstein 


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Jim Thom* 48787847-274; John Huston 48 

71- 7847-176; Bob Borns 787269 6 5 278; 
Mika Springer 784873-68-278; lark Triplett 
68687848-276) Billy MarMr 4871-48 
68-276; David Feherty, BrMan, 786847- 
78—874; Dillard Prultl 64-7V4878-B5. 


wnrd-centw, fromlniur«d iW. Put Matt Wan- 
strom. centaCroa'bihuBd-JieL . .*J «-lr • 
DENVER— Slonod RovMoroU^auurtUto 
JO-day axitracL . 

DETROtT-rStaired Charles f JrxjwCfc- 
'wankcutec. to >8doy-cbbOtlfeJl^f P&kqr 
ORillhav ankr, M InluiW Kb 
LA. LAKERS— Signed Reside J onknv 
guard, to 18dav contract 
ORLANDO— Slsnad Tree' RoHIns, usetaksil 
aaadvcwilerjtomcandllMay Mayer uspiUbL. 

. PHOEUIX Wto tiw d 7Hn JCnoptav crntfir^ 

Adhated Jarrad MustaLfonmni (rbrnlm 
lured HeLPui Danny AlnMb^Tpudn6Coi> 
per, guardi, on Mured list. Signed EDM Per- 
ry, gourd- Jo J8dny agrtrtoct, , . 

FOOTBALL • • 


• 1 «W*LL» - ■«: 

1 . ~~~ * 4 ip* mpii 1 ! win— ... 

DLBVELAND— Aprtwd to terms wfth Rtm 
fntopg M m onahyk pnd 




Dwcay, 

oncf^taniei Vtorst.mlcher, art V y e u r 


M nUs n o l isogn 

COLORAD6- Aoread to ban wttb Kent 
: BattoMMiL MM tf. and Pedro CastaUana 
toB e kler, aa- i toeur eemracto -i 
ST. LOULSt-Abdm^ to tBr8W.w«j Geronl- 
'mopeddr'bdletdfr', opI-yedrconfrocL 


Germany, Waiea, Bulgaria Gaorg kb Albania, 
Moldova 

QnWP Bight 

Russia Greece. Scotland. Finland, Faeroe Is- 
kinds, San Marina 


BASKETBALL 

National Basketball Asaodotioe 
NBA— Fined OwlesOokley, NewVorktor- 
waraL saMD tor efiwwlng Vlnny Del Negro of 
Son Antonio during some on Jon. 19. 
BOSTOH-*cHvaM Ahto ANWnoby, tor- 


CINCINNATI— Named BruceCos W ofieo- 
Nwe coordinator. - ■ 

, NEW ENGLAND— James Busch Orttnnhi, 
owner, has agreed to sell teaaTto Robert 
Kraft, pandlna.aspraval by NFL. 

DALLAS— Readied Richard MaMcbuk 
and Tommy SeCSh detoraemerv from Kola- 
mOBNb IHL. . . -....J. j ‘ 

QUEBEC— Traded Sieve Duchesne, de- 
fensenxmand Deoki Chawe, ri ght wt n g,to»L 
Louis Ekm far Ron Sutter and Bab Oais en, ’ 
cantors; and Garth Butcher, defadsetnan. 

TORONTO— Loaned Dhdto BerehOwsky, 
^etsnseman and Alexei Kudashav, cantor, to ' 
StJahnXAHL- 


. a NCIHNATI— Su s p en d ed DofihxilaWlng- 
- BeV L to Mkg to u ff grfwuitL tori oame tor miss- 
(VCkSHi.. 

KE61TST. — promotad Rick RemMatokrCw. 
sbdant basebaii. coach, to basetxHI axxh. 

AUttOORkKANSAS CITY— W1H lain MW- . 
Continent Center aica lor 199F99.aaasBn. . 


FOOTBALL 


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Harding’s Innocent 



;.By Ira Berkow 
W«w y«i TimesSerncc 


“As *e of suqpidoB draws tighter aroond Ton™ 
1 Haraing, ttois ajjoint that most not be dismissed; She has said 
ICDeatedlV snesirmnrmt Af anu *i ■vy *> _-. 


. . ?«** **»*& 
assroatoo. If nothing disc c h a n g e s, that ought not to be enough lo keep 

ner from competing on the U.S. figure skating team in the Olympics next 
rawthm U lte haiBmftr, Norway So, far, however, the US. Olympic 
coimittee and the U3. Figure Seating Association haye so far demon- 
strated a la* of propriety and coinage. ; . 

t iw\? 8 °5 e ^ a ^ D &’ s hodygoardj Smwn Eckardt, was charged, the 
U £~T ®™ the %w 0 -dcafeig association have been dithering about 
Harding should be aXknved tordfflnpete m Noway. This is 
c omusm g because I saw withiny own eyes fee national cbatrancaships in 
Oetoort, when Harding woo. the title andi the right to skate in the Olympics. 

To me, ha- status is crystal dear. Sic won, she goes. 

The world has been appalled over the attack on Kerrigan, Harding’s' 

.. , “ A chief figure-ska tbg rival in this coun- 

V antage ~ 'JL try. Kerrigan was struck above the 
Point ' T ^ Jt '™ ce by an assailant mid was 

t — — : — — _*_ „ unable' to compete in the damepioar 

snq» in winch she was favored. She nonetheless was named to the 11 A 
“““• "«J8 with Handing. Ewaa if Kerrigan bad beta physically able to 
skate m Detroit and won, Harding would have come in second and stffl 


been a member of the 
But the USOC is 
Own imagft. 

If Harmng is _ 
GflJooly, aswell as 


t— team. 

troubled about Harding and, regrettably, its 




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in -the assault as her former husband Jeff 

. dt and two others have been — then it is certain 

the USOC win seek to prevent her from competing. AH that is certain at. 
this point, however, is that (hose four men have been arrested But 
OiBooI y an d Eckardt are not candidates co skate far the Uni ted States in 
the Olympics. Tonya Harding is. And it is her case,and H alone, that the 
Olympic oommittee andihe slating association most be concerned with. 

Through her lawyer, Robert C Weaver Jr, Harding has “categorically’' 
denied any involvement. Her long-time coach, Diane Rawhnson, has said 
that Harding is “an innocent victim.” And Deputy Police Chief Benny 
Napoleon, who has been overseeing theinvestigimon in Detroit, said that 
the police there had found no evidence against Harding. 

I T SEEMS IMPROBABLE (bat if all das plotting against Kerrigan 
were going on, Harding would have been unaware <rfh7But stranger 
thing s have happened And unless she admits complicity, or is tegaQy 
detained, or the crime is proved against ho - in court — a process that 
could take months — then she is frmnnmt until proved guilty. 

LeRoy T. Walker, the meridenlrf the USOC, said he thowht that u a 
voluntary withdrawal by Harding would be the easiest possible out" He 
said that be was carcfnUy monitoring pnblic opinion on this issue. . 

Whai does public opinion have to do with this? The woman won the 
rifle. She claims innocence. The rest is a sort of vigSantistn. 

At rimes like this, enmortant officials, not bureaucratic satraps, must 
take a stand on what’s right, not just .what’s politically correct, or 
“easiest.” 

The USOC says that if Harding goes to Uftehammer, it would have 
trouble keeping the news media from overrunning the figure-skating 
people, dial it would cause security problems, and that it would “take 
away” from the training and publicity for the other athletes. 

The other athletes have thar owo, focosed agendas, which is why they 
are Olympians. The International Olympic Committee has shown that it 
can hmeue security. As far the skaters, they'll work things out 
The Skating association must submit the names of its team members to 
the Olympic camnritiee^ by Jan. 31. After that, the USOC itsdf win have 
jurisdiction. 

The fact is, justice delayed is justice denied Harding ought to be 
assured by the Olympic committee that, short of a confession by Harding 
or a judgment against her in court she has earned the right to skate in the 
Olympics. 



5th-Set Loss Ends Hopes 
Of Wilander in Australia 


bnc Hittaod/fbe Aaxatol Pmt 

Todd Martin lost seven pounds and two toe naOs, but won ins match against Xavier Daufresne. 


The Asxoeuaed Press 

MELBOURNE — MaliVai 
Washington outlasted Mats Wi- 
lander in a five-set match Monday 
night, coding the veteran Swede's 
fairy-tale run at the Australian 
Open. 

Washington dominated the final 
set after the rwo had earlier traded 
stroke for stroke and error for error 
cn route to a score of 6-7 (7-9). 6-2. 
6-7 (3-7j. 64. 6-1. 

The unseeded Washington, a 24- 
year-old American ranked 26th, 
advanced lo his first Grand Slam 
quarterfinal. 

Wilander, a 29-year-old return- 
ing to the tournament he won three 
rimes in the 1986s. simply ran out 
of steam. Two yean in retirement, 
during which he flirted with a rock 
music career, took their toll in a 
contest that lasted four hours. 

“He started to go wide and for 
forehand cross-courts, and it was 
taking its toll on me." Wilander 
said. “I fed 1 bad the opportunity 
to win the match, but I just couldn’t 
pud it off. There were a couple of 
points I choked on.” 

The Swede, now ranked 3Z2d in 
the world, was given a wild card 
entry into the tournament, which 
he fust won in 1983. 

Washington now win meet No. 9 
seed Todd Martin in an all- Ameri- 
can quarterfinal on Wednesday. 

“! flunk 1 was up and down 
throughout the match,” Washing- 
ton said, “There were times, espe- 
cially in the two tiebreakers, where 


Mays Finds Fault With an Absent MVP, Bonds 


The Associated Press 

NEW YORK — Wiffie Mays wasn’t 
thrilled to be accepting the National League’s 
most valuable player award for his godson. 
Bonds, whom, Mays said, was “too 
to show up. 

fe gave him $47 nriffion,” Mays, a spe- 
cial assistant to the San Francisco Giants’ 
president. Peter Magowan, said Sunday 
night. “He can pick up iris award.” 
Bonds, who signed a record $43.75 million 
six-year deal in December 1992, won the 
NL’s award for the third rime in four seasons. 
Mays, a two-time MVP and a Hall of Fama\ 
didn’t sound Kke be was joking in his barbs. 


“Whenever you win an award, yoo have to 
; it up,” be said at the animal dinner of the 
York chapter of the Baseball Writers 
Association of America. 

Mays also said he had told Bonds not to 
compare himself with his godfather quite 
yet 

*T played 20 years,” Mays raid be told him. 
“Then you can talk about it" 

Mays said he would leave a message for 
Bonds with the award. 

Tm going to put a htfle note on iC be 
said. “If s not for you, Barry, its for the team 
and the San Francisco Giants.” 

Bonds and the National League’s rookie of 


the year, Mike V icars of the Las Angeles 
Dodgers, were the only no-shows from the 
BBWAA award winners. Piazza remained in 
Los Angdes for the funeral of Michael Sad- 
ly, a son of the Dodgers’ broadcaster, Vm 
Scully, who was killed in a helicopter crash 
Thunday. 

Mays mentioned former opponents Jackie 
Robinson and Roberto Clemente, who have 
awards named after them. 

“Why don’t I have an award?” Mays asked 
out load. 

Then he decided he didn't want one like 
that 

“All those guys are dead,” he said. 


1 was making a lot of errors. It’s 
satisfying to be able to grind 
through a match like that.” 

Wilander and Washington. luck- 
ily, got to play in the cool evening 
air after Stefan Ed berg, Thomas 
Muster and Martin won day 
matches in searing heat. 

Two-time champion Edberg 
made light of temperatures that 
readied 39 degrees centigrade (102 
Fahrenheit) and breezed by fellow 
Swede Lars Jonsson, 6-4, 6-4. 6-4, 
maintaining his record of reaching 
at least the quarterfinals here every 
year since 1984. 

Muster, the sixth-seeded Austri- 
an. who has not dropped a set in 
four matches at the National Ten- 
nis Center, downed No. 12 seed 
Alexander Volkov. 6-3, 6-3, 6-2. on 
center court as the mercury rose in 
the morning 

Martin, a Wimbledon quanerfi- 
nalist last year, advanced with a 6-7 
(3-7), 7-6 (7-5), 6-3, 6-3 victory' over 
125ih-ranked Xavier Daufresne of 
Belgium after trailing bv a set and 
2-5. 

“I didn’t fee] very good at the 
rime and l knew I 'wouldn't feel 
very good in a fifth set," Martin 
said. 

Both men were wilting by the 
end of the 3-hour, 24-minute 
match, and they made a combined 
133 error s . 

Martin made most of the mis- 
takes, but be also made far more 
winners as he overcame dehydra- 
tion, a bloody nose, blisters on his 
feet and two torn toenails caused 
by his sneakers sticking to the 
court. 

“It was just a matter of slaying 
cod and coping with the heal as 
best I possibly could," be said, hav- 
ing ended the match 325 kilograms 
(seven pounds) lighter than when 
he started. 

Jonsson returned well, but had 
no luck in attempting to pass Ed- 
berg, who had a superb touch at the 
net and made a number of killing 
volleys. 

“T played O.K. under the circum- 
stances." said No. 4 seed Edberg. 
the Australian Open winner in 
1985 and 1987. “It is never easy to 
play well in the heat, but I played as 
well as 1 needed to play.” 

Edberg showed the heat had not 
sapped his strength by jumping 
over the net at the end of the match. 
Earlier in the day, the heat did 
undermine Volkov’s wQL 


“When I was wanning up, 1 de- 
cided it was loo hot for me,’’ said 
Volkov, a semifuiaiist at last year’s 
US. Open. “I couldn’t gel into the 
match because I was thinking of 
the heat." 

Muster rubbed his face with ice 
ro keep himself cool but was pre- 
sented with few problems by Vol- 
kov', who made 10 volleying errors, 
53 unforced errors in all and 14 
double faults in a contest that last- 
ed only 100 minutes. 

“I had no more power to Ggfal 
against myself” the Russian said. 

Muster'made his second succes- 
sive Grand Siam quanerfmal after 
also making the last eight at last 
year's U.S. Open. The 26-year-old 
Austrian was hit by a drunk driver 
in 1989 at a tournament in Miami 
and suffered severe knee injuries, 
but has regained his place m the 
top 10 and won a career-high seven 
tournaments last year. 

Muster and Edberg now wQl 
play each other in Wednesday’s 
quarters. 

“He’s a tough competitor." said 
Edberg. “He's solid off the ground, 
tough mentally and physically very 
strong.” 

In other men's quarterfinal 
matches, top seed Pete Sampras 
will play No. 10 Magnus Gustafs- 
son and defending champion Tim 
Courier will play No. 5 Goran 
Ivanisevic. 

All four women's quarterfinals 
were slated for Tuesday, with 
three-tune champion and top seed 
Steffi Graf faring the No. 16 seed 
from the Uniusd Stales, 17-year-oki 
Lindsay Davenport. 

No. 2 seed Arantxa S&ncbez Vj- 
cario plays No. 8 Manuda Ma- 
leeva- Fragnierc, No. 3 Conchita 
Martinez faces No. 10 Kinriko 
Date and No. 4 Gabrida Saharini 
plays No. 5 Jana Novotna. 

Graf is bidding for her fourth 
straight title m a Grand Slam event 
in the absence of defending cham- 
pion Monica Sdes, who has not 
played since being stabbed in 
Hamburg in April. 

No one other than Graf or Sdes 
has won a Grand Slam women's 
singles title since 1990. 

MEN'S SINGLES, FOURTH ROUND 
Mcriivai Wommston. us. del. Mots wt- 
londer. Sweden. 4-7 fr-*J.*Z+7 (3-n.M.t-l; 
Todd Martin W. U£* Ml. Xavier Dautrasm, 
Beleli un. 4~7 l>7}, 1* 17-5), irX M; SW* 
EUbem l«). SwMBfi, <JH. Lom Jonsann. Swe- 
om.4-4.fr4.fr4: Thomm Muster (6). Austria, 
del. Alexander Volkov (17). RvC3)afr-Xfr-Xfr-2- 



SIDELINES 


-TV -r" 


MUf tin 


- •- ■’■I 


.v-OC-rf-ST 


To Increase 


Cenrplkdby Our PranSh^MBdm 

PORTLAND, Oregon — r An-: 
thorites fed they now nave enough 
evidence to arrest skating star 
Tanya Harding in connection with 
the assault tax rival Nancy Kerri- 
gan, The Oregonian newspaper re- 
ported Monday. 

It quoted sources as saying offi- 
cials wanted to “exhaust aH possi- 
bilities for strengthening the case 
in a. final deri&k 


before makings. final decision.” 

Both an FBI spok esman and 
Norm Frink, the Multnomah 
County deputy district attorney, 
declined comment an The Orego- 
nian report JFrink said fee grand 
jury wwtid take no farther testimo- 
ny Monday, and declined to say 
when new witnesses would appear. 

The primary reason for the cau- 
tion, sources told the newspaper, is 
that bxvestigatots and prosecutors 
are aware of the mtematiooal spot- 
light focused on them and do not 
want to bring charges against Har- 
ding feat migh t not stick in court. 

According to fee newspaper, 
most bnt not all of the case against 
Harding is brail tram smianents 
iron three of the four men charged 
in the case. 

Harding, issuing a statement 
through her lawyer, Dennis Raw- 
linson, said: “I deny all all e gations 
feat I was involved in any way in 
the Nancy Kerrigan assanh." 

She practiced again at the usual 

rink at a shopping mall and skated 

strongly for an hoar before pbotog- 
, reporters 4nd shoppers: ‘ 


in a holding 


on Harding's 


Wrire reviewing onr options 
and just waiting,” said Qwre Fer- 
gusan, president of tbeU-S. Figure 
Skating Association- - 
The grand jiny has until reo. i 
to issue its report, three days after 
the skating association most name 
its team and nine days before the 
Winter Olympics begin in Norway. 


England Announcement This Week’ 

LONDON (Renters) — “There will be an announcement this week" 
coding the long bunt, and Tory VenaUes’s long wait, for England’s new 
soccer manager, Graham KeBy, the English Football Association’s chief 
executive, said Monday. 

Although some members of the selection panel still doubt the former 
Tottenham chief executive’s stntabflity because of allegations about his 
financial dealings, Kelly said that “at the moment everybody knows 
Teny Venables is the hot Favorite" to succeed Graham Taylor. 

• France, which did not qualify for the World Cup, has scheduled a 
tour of Japan, playing in the Kinn Cup against Argentina and Japan. 
France wul play Argentina on May 26 and Japan on May 29, with 
Argentina and the hosts meeting on May 23. (AFP) 

Bordeaux Trial of Soccer’s Bez Opens 

BORDEAUX (AP) — Claude Bez, the former president of the Bor- 
deaux soccer club went on trial Monday in a fraud case stemming from a 
54 ttallkm-franc ($9 nriffion) sports center project 
. Bez, whose Girondins dominated French soccer in the mid-1980s 
before fee rise of Olyrnpicmc Marseille, conld receive several years in 
prisooif convicted. Beam ! m son, Eric, are accused of taking 10 nriflion 
francs in kickbacks from contractors in the project to convert an 28th 
century chateau into a sports center. 

Bez, who Names has legal problems on an alleged plot by bis former 
rival, Qfympiqoe Marseille owner Bernard Tapie, is separately being 
investigated for financial mismanagement of the club. 

For the Record 

The bfentstikmal Tennis Federation, rejecting an appeal by US. 
officials, upheld its one-match Davis Cup suspension of Andre Agassi fear 
refusing to play his reverse tingles match against the Batnmias because 
the best-of-five contest had already beat decided. He can not play in the 
first-round match against India in March. (AP) 

The International Auatesr Athletic Federation said it wS nearly 
double its number of surprise, out-of-competition drug tests this year — 
baring made 476 tests in 27 countries last year, of winch 4 percent proved 
positive — and would, conduct tests this year in 50 countries and 
concentrate on top athletes. (AP) 

John Madden, who has spent the past IS years with CBS, will join Fox 
Broadcasting Co. next year as its lead football analyst Fox Sports’ 
president David FEU, announced. Madden has signed a four-year coo- 
tract reportedly for S32 nriffion; sources clostio negotiations, asking to 
remain anonymous, said Madden’s broadcast partner of 13 years, Fat 
SummefeD, had signed with Fox “some weeks ago.” (AP) 

Francesco Moser. 45, this Italian cydixt attempting to regain the hoar 
record -.from Britain’s Graham Boardmari, said in Bordeaux he was 
definitively retiring and returning to Italy. (AFP) 

A badfy decomposed body found in the mud flats of San Francisco Bay 
was i denti fi e d as that of Ron Hansen, a jockey who won nearly 3,700 
races and earned porstt worth $36.6 millio n. He had been misting since 
an Oct 1. car ecash on fee San Maleo Bridge. The cause of death was not 
gnmedifltdy known. (AP) 

Anita Wadfter, the defending women’s World Cap champion who is 
currently third in, the overall standings, is nndergeang treatment far tom 
hgamaatsin ber left anidc and will oot ski in Saturday’s downhill race in 
Crannis<fe-P»rtenkmiai, Germany, hot is hopeful of competing in a 
super-g race Sunday, fee Austria Press Agency reported. (AP) 


No . II Temple 
Beats Rulgers 
After a Scare 

The Associated Press 
Aaron McKte scored a season- 
high 31 points and was S-for-7 
from 3-pomt range is No. 1 1 Tem- 
ple won its fifth straight wife a 78- 
56 defeat of Rutgers in Piscataway, 
New Jersey. 

McKjehad 18 points at halftime, 
when fee Owls (11-2, 4-1 Atlantic 
10) hdd a 46-28 lead Sunday. But 


COLLEGE BASKETBALL 


the romp became a struggle as 
Rutgers (5-9, 1-4) — which has lost 
seven of nine — went on a 13-0 ran 
to get to 46-41 wife 14:55 to play. 

“We were just standing fe«e 
serving hot dogs and hamburgers," 
said Temple’s coach. John Chaney. 
“I don’t know what we were doing 
can there but it wasn't playing bas- 
ketbalL” 

McKie, who also got 11 re- 
bounds, sank a 3-pointer to end the 
Owls’ malaise. They had missed six 
shots and made five turnovers dur- 
ing fee Scarlet Knights 1 run. 

The Scarlet Knights pulled to 69- 
56 wife 3:48 left, hut the Owls 
scored the game’s final nine points. 

No. 15 Michigan 74, Iffinois 7fh 
Jalen Rose scored 28 points and 
Juwan Howard, recovered from the 
chicken pox, had 20 as Michigan 
(12-4, 4-2 Big Ten) won on fee 
road.TJ. Wheeler had 23 points for 
the Iffim (10-4, 3-2). 

No. 17 Georgia Tech 74, Virginia 
70s Travis Best and James Forrest 
each scored "2D points as Georgia 
Tech (11-5, 2-3 Atlantic Coast 
Conference) won at home. Junior 
Burrough had 18 points for Virgin- 
ia (10-6, 4-2). 

Memphis State 62, No. 19 Cln- 
cumati 55: Host Memphis State (6- 
9, 1-4 Great Midwest Conference) 
scored 21 straight points midway 
through the first half and ended its 
eight-game losing streak. Gncin- 
md (12-5, 1-2) got no closer than 
four pants in the second half. 


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4 

I 




POSTCARD 

The Eternal Butler 


By William E Schmidt 

New York rimes Service 

L ondon — From p. g. 

Wodehouse’s Jeeves lo Ste- 
vens, the self-effacing narrator of 
“The Remains of the Day.” the 
butler has been a fixture of English 
upper-class mythology. 

Mannered, loyal and discreet, 
the good butler is also unflappable 
to a fault, a trait perhaps best un- 
derscored by a man who once 
worked for Lord Dunsany, the 

Irish poet. 

Afier a group of hooligans ran- 
sacked rooms and sei fires inside 
Dunsany Castle early this century, 
he intercepted the fleeing invaders 


at the fronl door and poh'tefy b 
quired: “And who shall 1 saj 
calledT 


But life and times have changed 
for Britain's serving classes. First or 
all, there are far fewer butlers; esti- 
mates run to the hundreds Instead 
of the 18.000-plus in the years be- 
fore World War 11. 

Moreover, the modem butler is 
less the faithful personal servant 
than the professional household 
manager and organizer, says Ivor 
Spencer, the founder of the Ivor 
Spencer International School for 
Butler Administrators/ Personal 
Assistants ("Trained British 
Style”). 

□ 

Students still learn how to iron 
the creases out of the morning 
newspaper, and lay out an em- 
ployer’s clothes. But Spencer says 
that there is no reason that they 
should end up dispirited and lone- 
ly. like Stevens, after a life devoted 
selflessly to the service of their 
employer. 

*7 am sure it is a wonderful mov- 
ie." said Spencer, referring to An- 
thony Hopkins's portrayal of Ste- 
vens in the film version of Kazuo 
Ishiguro’s masterful novel. “But it 
does give the wrong idea entirely. 
Being a butler is not an act of 
selfless loyalty. It is a profession 
and a business.” 

Last October. Spencer, as the 
founder of Britain's premier butter- 
ing school sent 16 new and bud- 
ding butler candidates into the 
world, most of whom were quickly 
snapped up for service in the Unit- 
ed Stales and the Middle East 

A knowledge of Tine wine and 
good food is essential he said, but a 
butler these days must also know 
something about accounting, mak- 


ing travel arrangements and driv- 
ing the children to school. 

In return for working a dawn- 
to-evening schedule; he said, a 
butler today will cam a starting 
wage of $35,000, including private 
medical care, food and accommo- 
dations and use of his employer’s 
car. Salaries for more experienced 
butlers range up to $65,000. Spen- 
cer said. 

D 

In London, agencies providing 
beta to domestic clients say that 
butlers and well-schooled servants 
are in great demand, although the 
employers these days tend U) be 
business people and foreigners — 
new money rather than old. 

SiiH the butler of choice among 
all clients, foreign and domestic, is 
an Englishman, underscoring, per- 
haps, the fictional Stevens's argu- 
ment that only the English, as a 
race, are capable of the necessary 
emotional restraint to be good ser- 
vants. 

“It is for that reason," Stevens 
said, “that when you think of a 
great butler. he is bound, almost 
by definition, to be an English- 
man.” 

The butler's new world is also 
more precarious and less certain 
than the structured life known to 
Jeeves and Stevens. 

Like everyone else these days, 
butlers are not guaranteed jobs for 
life. 

Few families are ready to show 
the kind of gen lie fealty demon- 
strated early this centuiy by Lady 
Astor, the U.S.-born heiress and 
fust woman elected to Parliament, 
when a longtime family butler 
threatened to leave after a house- 
hold dispute. 

“In that case,” replied Lady As- 
tor. “teil me where you are going, 
because 1 am coining with you.” 

□ 

Spencer says he believes that 
some people with money hire Eng- 
lish butlers these days because 
they are. quite simply, a status 
symbol. 

“I had a diem in Oklahoma 
who called me one day and asked 
if it was all right if be had his new 
butler answer the phone by saying, 
‘This is the so-and-so residence, 
the under-butler speaking,’ ” said 
Spencer. “I told mm I thought it 
was perfectly fine, but 1 thought 
he only had one butler. He said, 
yes, that was true/’ 


INTERNATIONAL HERALD TRI BUNE, TUESDAY, JANUARY 25, 1994 

Sexual Harassment, the Cliff-Hang' 


By Paula Span 

Washington Past Service 

N EW YORK — Michael Crichton fig- 
ures be was the only person in the 
United Slates who watched Clarence 
Thomas's confirmation hearing, heard 
Anita Hill’s cool accusations and Thomas’s 
furious response, and thought, “I hope this 
doesn’t blow the story I want to write." 

A couple of years before, at a brunch, 
someone had told Crichton about a partic- 
ularly intriguing sexual harassment case. 
‘Two people woo’d previously had an af- 
fair, lived their lives 
apart Tor many years, 
had in effect competed 
for the same job," In ‘Disci 

Crichton recounts. . 

“One person got it and Crichton 

then something hap- ,i , ■ .« 

pened behind closed tbevictu 

doors. In the aftermath, swM»tlv r 

each accused the other oweeuy i 

of harassment. How 

was the company going 


to begin to proceed?” That incident forms 
the crux of Crichton’s novel, “Disclosure," 
which jumped quickly to the top of The 
Washington Port’s and The New York 
Times’s best-seller lists. Naturally, he's 
swathed it in thriller-chiller plot twists (as 
in the best-sdling “Rising Sun”) and high- 
tech high jinks (as in the even better- 
selling “Jurassic Park"). The book rattles 
along at the pace of a Hollywood cliff- 
hanger, which after a reported $3 .5 milKon 
movie sale it will eventually become. But 
the essential tale — cynics are already 
railing it Haras sic Park —is of gender and 
power. “I regard it as a contribution to 
solving the problem” of harassment. 
Crichton says, straight-faced. 

For in “Disclosure,” Crichton has made 


Izi ‘Disclosure,’ 
Crichton has made 
the victim a 
sweetly naive male. 


He started writing pseudonymous thrill- 
ers to bdp pay hu trills as a Harvard 
medical student had a hit under his own 
name with “The Andromeda -Strain” in 
1969, and has been a wealthy author, 
screenwriter and film director — but never 
a practicing physician — ever since. 

Crichton interviewed both principals in 
tire case he’d heard about (T was attracted 
to tile complexity of if) and talked to 
executives at bigh-tedi businesses (the 
novel takes place in a Seattle computer 
company). Ire consulted with lawyers and 
human relations spe- 
rialists. He watched 
Hill vs. Thomas and re- 
Hure,’ members muring that 

^ j “every person in Amel- 
ias made ica seems to havea con- 

viction about what hap 
a pared, but only two 

live male. people know.” 

Then he crafted a tale 
— that portrays the possi- 

bility of a sexual harass- 
ment charge as: a) a weapon whose abuse 
can undermine justice and corporate coex- 
istence and, b) the cause of great tension 
and mistrust even when the weapon isn’t 
used. Crichton was careful to give some of 
his sexist dialogue to women, to create a 
humane female boss as well as the fanged 
one, to introduce both swinish and sympa- 
thetic men. A seif-described “egalitarian 
feminist," he can sound rather like Beuy 
Friedan, circa 1972. Still the novel exudes 
a noticeable whiff of male resentment and 
aggrievemenl at the shape the new order 
seems to be taking. 

What does Crichton think about sexual 
harassment? In a speech he has also given 
his boo's attorney (a Hispanic woman, no 
less) to deliver, he describes & spectr um . 


a spectrum. 


the embarrassed victim of harassment a “There’s a certain kind of behavior, onfor- 


sweetly naive male (when men account for 
only a fraction of harassment claims) and 
the boss who ravages him a deceitful pow- 
er-thirsty female. The role reversal may 
not endear him to the women who want to 
solve the problem. “It is ironic," says Ruth 


tunately sliQ all too common, that every- 
one — except the person doing it — would 
agree is bad.” He’s talking about groping, 
propositions, blatant quia pro quos. “It’s 
wrong, it's demeaning, it’s Segal" The 
other rad of the spectrum is “a thoughtless 


Jones, staff attorney with the NOW Legal comment, an off-color joke, inappropriate 


Defense and Education Fund, “ft's not a 
major motion picture until a man is ha- 
rassed." 

“J hardly ihinlt a based on bis own com- 
ments, that this book will do a service in 
the fight against sexual harassment." ob- 
served Ellen Bravo, executive director of 9 
to 5 National Association of Working 
Women. “Td understand better if he just 
said. ‘I know a way to make a lot of money 
on this book.'” 

That Crichton knows how to make 
money on books is not in question. Nearly 
a milli on copies of “Disclosure" are flood- 
ing bookstores in the United States. 


and tasteless, but not harassment To 
bring claims on the basis of that behavior 
is very damaging" 

Between them lies the much-touted 
“large gray area, aland of societal battle- 
ground,” Crichton says. The old under- 
standings no longer apply; the new ones 
have yet to develop; in the uncomfortable 
interim, “corporate life wiD continue to 
have a very messy quality." 

But women involved in combating ha- 
rassment have fundamental disagreements 
with Crichton's spectrum. Very Tew of the 
charges that women bring concern a taste- 
less remark or some ocher form of bonder- 


Europe 


— 

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WEATHER 


Forecast for Wednesday through Friday, as provided by Accu-Weather. 



Tatar Tamaron 

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OF CIF OF OF 


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Hong Kong 


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Chicago and Oelron 
Wednesday and Iasi Inio 
Thursday. Rain will soak 
Pittsburgh and Louisvile, Ky. 
Snow wM blanket the north- 
ern Plains and upper Great 
Lakes al midweek. Phoenix 
and Las Angeles wil he part- 
ly sunny and cool 


Middle East 


Europe 

High wds this week wfi be 
locused from the British Isles 
lo northern France, the Low 
Countries and northwestern 
Germany. Showy rains will 
accompany the high winds. 
London and Parts will be 
windy and mW much of this 
week with showers on occa- 
sion Madrid and Roma wfB 
luve dry. pleasant weather. 


Asia 

Very cold air wit overspread 
northern and eastern China 
larer this week. Shanghai will 
have mild weather Werkies- 
doy. with dry, colder neather 
Thursday and Friday. Hong 
Kong wd have dry. season- 
able weather much of this 
week. The southern coast of 
Japan w* have a law down- 
pour s laterthis week. 


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Michael Crichton sees bus novel “as a contribution to solving Hie problem." 


line behavior, Jones has found. “Women 
are not going to court because of compli- 
ments about hair or dress. Most women ' 
who are victims of harassm e nt, the- behav- 
ior is so offensive that tbey’rcjust trying to 
get through the day or find another job.” 

Patricia Ireland, president of the Na- 
tional Organization f or Women, takes is- 
sue with one of Crichton's more provoca- - 
rive statistics: that allbough only 5 percent . 
of harassment damn are brought by men 
against women, only 5 percent of corpo- 
rate supervisors are women, suggesting 
that women are as likely to harass as men 
ana 

Only a handful of the most senior exec- 
utives at Fortune 300 companies are wom- 
en, Ireland replies. But the Bureau of La- 
bor Statistics puts the proportion of 
women among all executives, administra- 
tors and managers ata far heftier 42 per- 
cent. “And it isn't only at the highest levels 


that sexual harassment occurs; it’s wherev- 
er there are differences in authority,” Ire- - 
land says. “I don’t think it’s accurate to 
say that once women have. 50 percent of 
the power we'll do SO percent of the ha- 
rassing. It isn't borne ant by the evidence 
to date." 

However feisty he maybe on the page, 
in parson Crichton doesn’t reaBy want to 
slug it put either. Asked about his argu- 
ment that women in power are as likely to 
harass, he quibbles about Ireland's num- 
bers, then says: ‘The book puts it forward 
very tentatively. We're operating in an 
area of insufficient information and in- 
tense. dogmatic cross fire. 1 can’t argueoo 
the basis of Tact Only really, in the rad, 
toy experience is that mra and womenare 
equally good, equally bad, equally stupid, 
equally smart which is why I'm an egah'-~ 
lariatt feminist. So I would not expect to-- 
see a difference in abuse of power.” .. 


PEOPLE 


Who's Taking Sides, 
IuGJTT Culture Wan? 

One of France's leading film eux- 
utives is. in- hat water, after Ire-ssHT 
that- thceanfcuafce in Las Aogric s 
proved that God was at France’s 
side in The GaTT. movie industry 
i wara Daniel Toscanmi Pbatiov? 
frequent partidpaiti. m the debate 
abfwt cultural quotas and subsidies. 




hasn't denied toe quote, but says it 
was off the record. Journalists at 
-Ageoce Franca- Presse, which car-: 
Tied the statement, are not amused. 
The joanwKsts’ unions said the rc- 
. marksvere hot offjhe record, add 
added: “It is not up to jottiitafiMs to 


.*iTi ’ r 


-alines from tira Amcaigoth- 
crtinngiiai werent cenSarcdiTas- 
can ifu Plantier said of the 

; been sparetL^brnGod 

. is and r-' we’ve- known that for a 
. long time.” . 

v: : 'ftj- ; ■ ■■ 

-? Steven Spielberg -won ; Golden 
t Gtobe awastfs &r - ben dramatic 
picture and best .director for 

■ ^S<ihiru8er*$ List.” Golden Global 
h awarriKtby the Hollywood Foreign 
’..Press Association, also went to 
-TumHs*s(best actor, “ Philadd- 
aj&ftfety Hotter: (best ac- 
' ' trcss,-“The Pamo ' ’). : 

-.t ■ q ' . • ■ ■*. . -J • 

‘ Barbara Car-Band says she 5 the 
. inspiration b ehind Prime Mrafeter 
' Johor Major’i^'back to basics" tart 
7 pafgn.-.Tbe 92-year-okl queen of ro- 
mance said steroid Majorat a tent* 
Tart yearfl giver my readers what 
they want good moral stones'* 
and “I pdnted him back to basks." 

a"/- 

Bart Reynoids aiid Lora Ander- 
son haw agreed to. a, setdetpeut ja 
their divorce: She gets S2 miffion 
and a vacation house; be gptstite 
rest. Custody of their adopted soot, 
Qnuttou, 5, must still be arranged. 

■ ■ o'y: '■\‘***/* 7 

Prineess ttma, Who briwd out ' 
of publjs life last ipoiith, gatamed 
in rafft ata wSS took 

ractoestf boronffij^aiaaSchib. 

■ the bfinprjigxffted. Diana 
-said in Decker tha^ Sie wis ^v- 


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CROSSWORD 


i College digs 
a Haggadah- 
readlng tune 
10 Coarse hominy 

14 Piedmont city 

15 Cuisine type 

16 The Magi. eg. 

17 Railbird's 
passion 

20 Certain wind 
*i Check 
22 Opposite of 

“yippee'' - 


23 Buyer caveat 

24 Bottoms 

27 Darlings 

28 Railroad abbr. 
2 i Old toy 

company 

*2 Turn 

33 it’s not a dime 
a dozen 

34 Bettor's bibie 

37 Grocery buy 

38 Sword of sport 
3* Archaic ‘pnor- 
40 Political abbr 


25177 20 T 68 pc 


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Toronto 

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11 *W 8 / 4 J c 12*3 8 M 3 * 

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7144 - 1/31 c 6/43 OTIS r 


Solution to Puzzle of Jan. 24 


mama asnui nmnaia 
BQEin anan Hatsaa 
□Qaananma □□□□□ 
aanosi QQQQiDHiDna 

□QQQ sas saa 
□□□m amaanaa 
bhoh aaa aaataacs 
EBHHa aaa aaaaa 
E3HaCK3E3 □□□ aHD3 

□aaaaaa maaa 
□oa □SB mama 
HHpaaniaaa aHaGia 
□anQLu aaaaaaujau 
□□□aa sasH aaaa 
Qaoaa aaaa Baaa 


41 Cutting 
reminder? 

42 Didn't quite rein 

43 Broadcasts 

44 Baptism, e.g. 

45 Comer piece? 
48 Some legal 

; documents . 

52 Across-the- 
board bet 

54 Mont, neighbor 

55 Mercantilism 

56 Mrs Chaplin 
rrCueoqao 

ingredient 
58 Downy duck 
sa Snoopy 


1 Desert dessert 

2 Agcy founded 
in 1970 - 

sHwys. 

4 Results of some 
errors 

b Summer wear 
. 8 Some House of 
Lords members 

7 Word before 
free or calls 

a Ike's command, 
for short 


• Double-check 
the seat belts 

10 Muddles 

11 ‘Judith- 
composer 

12 Cold-war 
fighters 

13 Starting gate 

18 Like some gates 

. isAKriogfe 

23 Penthouse 
home? " 

24 Pheasant 
broods 

2s Words (a live by 

28 StOOP 

27 Pace-track 
runner 

28 Snob 

MNotrepJan6te . 

30 t947.Horseof 
- the Year 

32 — Gola 
Brand New 
Bag- 

33 Trackhfatus • 
time 

35 Have fun 

•alike trotters. . 
*-9- 

41 Dust coilectar? 

42 Actor Martin 

43 Dismay 


•• - • v ?. ; ; 

.O New York Tmxtl^EditfdbjWm Sfortz - - 



" sawr.-’. ' - 


. " - * 

- 44 -"^heGat9tor 
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. . author - 

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reinterpret 


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saDemier — ^ 


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022-903-011 Egypt* (Cafrp) 

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OO-IBOO-OQIO TCuwak ' 
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080*90010 Saudi Arabia 


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