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INTERNATIONAL 



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PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 

Paris, Wednesday, October 19, 1994 


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Food Prices 
Soar in China, 
Threatening 
Social Unrest 

Costs in Largest Cities 
Rose 27% Last Month in 
Blow to Inflation, Fight 

By Kevin Murphy 

J, International Herald Tribune 

J HONG KONG — Despite China’s 
c am paign to rein in inflation, urban con- 
sumer prices are escalating at a 27.4 per- 
cent dip, the government reported Tues- 
day, raising fresh doubts that Beijing can 
stem rising food costs before they threaten 
social stability. 

Just last month. Prime Minister Li Peng 
declared that fighting inflation was the 
goveniment’s top priority, and other offi- 
cials have insisted they were making pro- 








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But the goveroment's r^jort of econom- 
ic figures for September in 35 trig cities 
provided tittle evidence that the spiraling 
cost of tiring would slow anytime soon. 

Food prices rose at a particularly rapid 
pace. Grain soared 63 percent in Septem- 
ber compared with a year ago. In August, 
grain climbed 60 percent from a year earli- 
er. 

Fresh vegetables, the particular target of 
recent government efforts to limit price 
increases, also were more expensive m Sep- 
tember, rising 55 percent, compared with a 
49 percent-increase the previous month. 

. Beijing is worried that the rising prices 
for basic foods could spark social instabil- 
ity of the sort that contributed to the pro- 
democracy protests that were put down by 
mflitaiy force in JuneJ 989. 

RetailjjReesrwEidi are consumer prices 
excluding services, rose 24.6 percent com- 
nared with a year ago, after a 22.6 percent 
hike in August. 

Qiu Xiaohua, chief economist of the 
State Statistical Bureau, blamed the price 
increases on higher costs for fanners, natu- 
ral disasters- that damaged agricultural 
output and a devaluation of China's cur- 
rency. 

“But that doesn’t mean X am optimistic 
about inflation,” Mri Qju said, according 
to a JtiOomberg Business Ncrtw repeat.' 
“We shouM atopt«ftcfive measures to 
See CHINA, Page 4 


BaUadur Image 
Jolted by Probes 




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Israeli explosives experts clearing min es Tuesday in a no-man’s-Iand along the border with Jordan near Eilat. The accord is to be signed on the border next week, 

Assad Assails Pact, but Will Not Make a Big Fuss 9 


By William Drozdiak 

Washington Post Sendee 

PARIS — Only a month ago, the presi- 
dential fortunes of France's prime minis- 
ter, Edouard Balladur, looked unassail- 
able. He was riding high in opinion polls, 
the economy was starting to peek up and 
jgtaai his political foes admitted that he 
loomed as the most tikdy successor to 
President Francois Mitterrand, a Socialist 

Bdt within a matter of wedcs, Mr. Balla- 
dur has come dose to being knocked off 
his patrician, pedestal His center-right 
government is bang ripped apart by judi- 

inet jmn&ters figSrto stay outof jail or 
draw batfie lines behind Mr. Balladur or 
his rival, the GauUist party chief and may- 
or of Paris, Jacques Chirac. 

Two ministers have resigned, under in- 
vestigation on corruption, charges, and 
four mojifc are believed under investigation 
by prosecuting magistrates for “abusing 
the social trust" In addition, aides to die 
prime minister, say they suspect the timing 
of the and the forthcoming presi- 

dential campaig n are not unrelated. 

Alain Carignon and Girard Longuet, 
the two ministers who stepped down, were 
close allies of Mr. BaBadur’s who were 
considered important to his strategy of 
grooming a new political coalition after the 
presidential election that could replace the 
^ conservative parties, These parties are 
beholden .to the ambitions of Mr. Chirac 
and the torinw president,^ TaMry Giscard 
d’Estaing, 

Even though Mr. Bahadur's personal 

See FRANCE, Page 4 


By Michael Georgy 

New York Times Service 

CAIRO — President Hafez Assad of 
Syria condemned the draft peace agree- 
ment Tuesday between Israel and Jordan 
and said Jordan committed blasphemy by 
agreeing to lease part of its land back to 
IsraeL 

But Mr. Assad said Syria would not try 
to obstruct peace: between Israel and its 
Arab neighbors. ^Wfhave told them you 
have made a bij^ mistake but we will not 
make a big fuss/* be said. 

“Our land is ours." he said after a meet- 


Kiosk 

Top Yeltsin Aide 
Denies Quitting 

MOSCOW (AFP) — Prime Minister 
Viktor S. Chernomyrdin of Russia on 
Tuesday denied a report that he had 
offered to resign. 

“Mr. Chernomyrdin is on vacation 
and this is absurd," said Sergei Surov, a 
spokesman for the prime minister. “I 
can assure you 100 percent that this 
report does not correspond to reality." 

His remarks came after the radio sta- 
tion Echo Moscow reported that Mr. 
Chernomyrdin had given his resignation 
to President Boris N. Ydtsin. Echo 
Moscow is known for accurate reporting 
on government affairs and its report was 
also broadcast by an independent Rus- 
sian television station. 


mg with President Hosni Mubarak of 
Egypt. **We consider it would be blasphe- 
my for any country to speak of renting its 
land to IsraeL" 

Under the terms of the draft treaty ini- 
tialed Monday, Jordan will take back land 
occupied by Israel in 1967 and then lease 
some of it to IsraeL 

The agreement has effectively under- 
mined Syria's stance in the Middle East 
peaaHaBts. - " 

“Nobody wants to isolate Assad," said a 
Western diplomat- “But Assad felt he was 
in the driver’s seat one cnr two years ago. 


He is still very important but he has Lost 
some control now that Israel and Jordan 
have signed." 

Negotiations between Israel and Syria 
have been deadlocked over the extent of an 
Israeli pullout from the strategic Golan 
Heights. Mr. Assad said he and Mr. Mu- 
barak discussed Secretary of State Warren 
M. Christopher s recent attempts to find a 
compromise. But Mr. Assad suggested no 
breakthrough had been reached/" ■ > - ' 

. . . The Associated Press reported from Jeru- 
salem: 

Israeli and Jordanian negotiators met in 



Book Review 
Crossword 


Page 10. 
Page 21. 


Jocftlbtn Dnkc/Rculen 

FOCUSING ON THE ACTION — Military leaders from the nations of the Five Power Defense Arrangement — 
New Zealand, Australia. Singapore, Malaysia and Britain — monitoring alliance maneuvers Tuesday in Singapore. 


With Truce, an Eerie Normalcy Takes Hold in Belfast 


By John Damton 

New York Times Service 

BELFAST — Since midnight on Thurs- 
day, when a full cease-fire descended on 
both the Protestant and Catholic sides, 
Belfast has been quiet. 

It’s an eerie feeling for people who had 
developed techniques for survival, like 
checking the radercamage of the car for a 
bomb before turning on the ignition or 


The police report that there has been no 


political violence since the Protestant 
paramilitary groups announced their 
cease-fire to match one declared by the 
Catholic Irish Republican Army on SepL 
1. The ‘Incidents room” of the Royal Ul- 
ster Constabulary, normally buzzing with 
activity, has been virtually shut down. 

Normalcy comes in small ways. In Falls 
Road, a CathoKc section of West Belfast, 
people are even joking that they may soon 
have to pay the license fee of about 5120 
for each television set 

Up to now inspectors found it too dan- 
gerous to enforce the law, so “free" televi- 


sion became a minor perk of “the Trou- 
bles." 

But the ritual of transportation, which 
can be bewildering to an outsider, has not 
changed. On Castle Street, there is a mus- 
ter point for large black taxis, but they go 
only into the Catholic area. Farther on, 
along North Street, are the Protestant tans 
for tne Shankili Road area. Roaming the 
streets are radio cabs for the “mixed* ar- 
eas, but these cannot be flagged down. 

“Nobody hails a cab in this town,” said 
Martin O’Brien, a worker with the civil 
rights organization called Committee for 


the Administration of Justice. “Too many 
drivers have died by going into the wrong 
areas. That’s not going to change for a long 
time.” 

A spot check of drivers suggested he was 
right “No way Pm going to the Sbanldll,” 
said a Catholic driver, Tom, who was re- 
luctant to provide a surname. “Even if they 
don’t shoot you, they’ll still go at you with 
baseball bats." 

The last incident of note in the police log 

happened at 8:30 PM. on Thursday. 

It was a kneecapping carried out by 

See ULSTER, Page 4 


FA : *! 

v %S * 

No. 34,723 

Clinton Hails 
Nuclear Pact 
As ‘Good for 
The World’ 

North Korea to Freeze 
Its Energy Program 
And Permit Inspections 

Compiled by Our Staff From Dispatches 

WASHINGTON — President Bill Clin- 
ton said Tuesday that the U.S.-North Ko- 
rean nuclear pact is good for the world and 
that his advisers have unanimously ap- 
proved it. 

He said he had instructed his envoy to 
sign the agreement. 

“After meeting with my chief national 
security advisers, and at their unanimous 
recommendation. Pm instructing Ambas- 
sador Gallucd to return to Geneva on 
Friday for the purpose of signing an agree- 
ment, Mr. Clinton said in a briefing at the 
White House. 

“This agreement is good for the United 
States, good for our allies and good for the 
safety of the entire world,” he said of the 
pact worked out by Robert L. Gallucd 
with Pyongyang's envoys in Geneva. 

South Korea and its Asian neighbors 
were upbeat about the agreement, and 
Seoul began preparations Tuesday for re- 
suming political dialogue and business re- 
lationships with its Cold War enemy. 

^ifortli Korea's chief negotiator in the 
talks, Kang Sok Ju, said earlier in Geneva 
that the agreement “will certainly make a 
significant contribution to greater peace 
and security in Asia and the rest of the 
world." 

The pact basically would lead North 
Korea to cancel its present nuclear energy 
program, which the West suspects of 
masking a weapons production effort, and 
replace it with new, safer technologies pro- 
vided by the United States and its allies. 

“North Korea has agreed to freeze its 
existing nuclear program and to accept 
international inspection of all existing fa- 
rilities,” Mr. Ctinton raid. “This agree- 
ment represents the first step on the road 
to a nuclear-free peninsula." 

He said the accord also called for an 
easing of trade restrictions on North Ko- 
rea and would move Washington and its 
longtime enemy, the world's last major 
Stalinist state, toward more normal rela- 
tions. 

Mr. Clinton said the two nations had 
agreed “to move toward establishing liai- 
son offices in each others' capitals ” 

“These offices will ease North Korea's 
isolation,” Mr. Clinton said. He called the 
entire pact an important step “toward 
drawing North Korea into the global com- 
munity.” 

U.S. officials said the complex deal re- 
flected an abrupt about-face by North Ko- 
rea’s communist leadership, in which it 
had accepted a series of U.S. demands that 
it had earlier judged unacceptable. 

But the officials acknowledged that the 
Clinton administration had also smoothed 
the road to an agreement by allowing 
Pyongyang to defer compliance' with some 
of the UJ3. demands. North Korea will 
retain for a time some of its nuclear weap- 
onsrgrade materials, giving it leverage to 
enforce U.S. compliance with the deal. 

Mr. Gallucd said a consortium of na- 
tions would spend roughly $4 billion over 
the next 10 years to provide North Korea 
with one 2,000-megawatt light-water reac- 
tor or two 1,000-megawatt reactors. 

The reactors, which produce far less 
plutonium than the graphite reactors un- 
der construction in the North, would en- 
sure that the country's energy needs are 
met. In the 10-year interim, the United 
States will help provide the North with 
heavy oil for power plants, Mr. Gallucd 
said 

Mr. Gallucd said that no significant 
components for the new light-water reac- 
tors would be provided to North Korea 
until inspections were made at the two 
storage facilities that so far have been 
closed to monitoring. 

Mr. Gallucd defended the agreement's 
delay in forcing North Korea to open up 
two waste facilities to international inspec- 
tors — facilities that could hold the key to 
determining whether Pyongyang has a nu- 
clear bomb. He said it would probably be 
five years before those waste areas are 
examined. 

Technically, learning about North Ko- 
rea's nuclear past can wait that long, he 
said In the meantime, he said, North Ko- 
rea had agreed to freeze those portions of 

See KOREA, Page 4 


Jim HoUunta • Rtuun 


the Red Sea port of Aqaba to settle fine 
points left open in the accord, including 
demarcation of borders as well as trans- 
portation and customs arrangements. 

The draft agreement, which would end 
46 years of conflict between Israel and 
Jordan, was reached after a grueling all- 
night session that resolved long-standing 
disputes over water rights and borders. 

It was expected to be ratified quickly by 
the countries* legislatures and signed Oci. 
26 on the Jordan-Israd border in a cere- 
mony to be attended by President Bill 
Clinton. (Page 2) 


I tth I nr! ox 


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Gangsters Have Their Hands Deep in Japan’s Financial Pockets 


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Antiljes.....HJ»FF Moroceo........l2Dh 

Camerood J^OOCFA Qatar 8.» Rials 

Esyhe^.E.P.5000 Reunion^., 11 .20 FF 
FrqRqfc._9.Q0 FF $aud‘ Arabia JMO 

Gqbjx^W.CFA Senegal ....Ml l CFA 
GrwweT^.jOODr. Spain .....^JOPTAS 
Itdy^-^jMDOUre. Tunisia ....1.000 DJn 
IvayCoc^j.lM-CFA Turkey ..T.J-3SJM0 
J o rda n^ r.^Ts.y.tJ D- UA 
Lebanon -.'.USS 1-50 U.S. Mil (Eur.)«.lQ 




By James Stemgold 

New Yak Tima Service 

TOKYO — Few in Japan had heard of Gifu Shogin, 
a small credit association about 300 kilometers west of 
Tokyo, before the Japanese government forced it to 
merge with another local financial institution several 
months ago. 

But then a stunning fact was disclosed: Of Gifu 
Shogin’s $120 million in outstanding loans, about S70 
million worth was made to organized-crime groups or 
their affiliated companies. 

As a four-year-long collapse of property prices 
takes its toll on lenders, the government has had to 
engineer a series of increasingly large rescues of ailing 
frank* But the bailout of Gifu Shogin may have raid 
the most about the roots of the Japanese banking 
industry’s troubles, and the problems in trying to 
resolve them. 

Over the last several years, since the so-called bub- 


ty prices plummeted, evidence of heavy involvement 
of organized-crime groups with supposedly legitimate 
companies has slipped ouL 

Inis has been particularly true in the real estate 
business, where gangsters, known a syakuza, have long 
been used to muscle reluctant landowners into selling 
parcels or to force tenants out of buil dings . 

But several recent examples have made it clear that 
the ties with the yakuza were neither isolated nor 
short-term, and that they may be presenting one of the 


nese police were called in both to guarantee the safety 
of the new executives and to help collect the bad loans. 
Most experts now expect cleaning up Gifu Shogin to 
be long, difficult — and perhaps violent 
“Gifu Shogin was, in one respect, a financial source 


for organized crime," said Yoshio Aokawa, an official 
of Kansai Kogzn, the credit association that undertook 
the rescue, “we agreed to the merger because it was 
our duty. But we are demanding assurances of our 
security." 

In the most blatant sign of how bloody the prob- 
lems could become, Kazufumi Hatanaka, 54, manager 
of thp Sumitomo Bank’s Nagoya branch and a mem- 
ber or the board, was shot in the head, execution style, 
and died in front of his apartment on Sept. 14. The 
crime was a shock to a country where guns are almost 
completely unobtainable, except by gangsters. 

Sumitomo Bank, one of the most prestigious banks 
in Japan, has had a string of problems that are 
believed related to gangsters, from firebombings to 
cut telephone lines. And Sumitomo is not alone. 

“If you look at the evidence, it does seem to be a 
very prominent feature of the landscape with banking 


institutions,” said Alicia Ogawa, a banking analyst in 
Tokyo with Salomon Brothers Asia. 

Raisuke Miyawaki, a former head of the organized- 
crime division at the National Police Agency and now 
a corporate adviser, said he believed loans to die 
yakuza were at the heart of the bad-debt problem. 

"During the bubble years, companies became very 
nonchalant about organized-crime contacts, from top 
to bottom," he said. “All sorts of relationships were 
built up, not just in real estate.” 

In erne case, Tomosaburo Koyama, vice president of 
Hanwa Bank, a regional institution, was shot and 
Irilled on bis way to work in August 1993. No one has 
been arrested, but the police said they believed it was 
the work of professionals. 

Several years ago, the chairman of Nomura Securi- 
ties, die largest brokerage house in the world, ac- 

See CRIME, Page 4 




Pa "ft 2 


Dead End for Iraq 
In Sanctions Battle 


By Youssef M. Ibrahim 

New York Times Service 
BAGHDAD — Two weeks 
after it moved troops in the di- 
rection of Kuwait's border, 
Baghdad's gamble to lift the 
United Nations sanctions im- 
posed four years ago appears to 
have backfired, painting the 
country into an even tighter 
comer with little room for dip- 
lomatic or military maneuver- 
ing. 

Iraq’s hope that the hostility 
of the United States could be 
checked by countries such as 
France, Russia and China in the 


dal said. “I am persuaded we 
cann ot do enough to get these 
sanctions lifted by the Security 
Council because the goal of the 
sanctions in the mind of the 
United States is to starve the 
Iraqis into rebellion against 
their government.” 

Asked what, then, Iraq would 
do, the offidal seemed at a loss 
for an answer, saying, after a 
while: “America should change 
this vengeful attitude because it 
will result in a chaotic break- 
down from which no one will 
benefit. Future generations of 


NEWS ANALYSIS 


Iraqis will remember this.' 

The problem, howeve 


UN Security Council has faded. 
The council voted unanimously 
Sunday to condemn Baghdad's 
actions, as it had done repeat- 
edly since Iraq invaded Kuwait 
in 1990. 

The hope that a revived Rus- 
sian diplomacy could come to 
the rescue also has collapsed. 

Within the Arab world, 
where Iraq found some support 
in the summer of 1990 when it 
moved its troops to annex Ku- 
wait, there has only been, this 
time around, silence or con- 
demnation. 

Jordan, virtually Iraq’s only 
link with the outside world, has 
not only distanced itself from 
Baghdad, but King Hussein has 
also warned that be would side 
against Iraq if it attempted a 
mili tary move against an Arab 
country. 

By all accounts, the Iraqi 
population of 18 million is suf- 
fering from a catastrophic case 
of malnutrition coupled with a 
breakdown of social and eco- 
nomic order because of the 
sanctions. But the trials of the 
Iraqi people have failed to cap- 
ture international compassion. 

On Tuesday, it looked indeed 
as though Iraq has been left 
alone to lick its wounds. But it 
was far from clear what the gov- 
ernment of Saddam Hussein 
could do to alter the situation. 

Even a recognition by Iraq of 
Kuwait’s integrity and interna- 
tional borders — a last card 
that Baghdad has been with- 
holding — no longer seems 
enough to get the United States 
and its allies to relent in their 
pressure. 


“Every time we comply with 
l item of the United Nations 


an item of the United Nations 
resolution, they come up with 
another argument to keep the 



In this Thursday’s 





INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 






V* V " ■ Sis’ 






35^y.v. V 


Amid Tremendous Hardship, 
Baghdad at Loss on Next Step 






WORLD BRIEFS 

Finns Find the Bow of Sunken Ferry 

a Marv«h VMt TV.. ■ 


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sanctions,” a senior Iraqi offi- 
cial said. “I am persuaded we 


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tens* ■ ** 


The problem, however, is 
what to do to save this genera- 
tion of Iraqis from the tremen- 
dous suffering they are subject- 
ed to because of the sanctions. 

On Monday, the government 
convened Parliament with the 
inteni of officially recognizing 
Kuwait. But as the Security 
Council debate that followed 
the adoption of the resolution 
draggecfon in New York, it be- 
came dear such a step would 
not be enough to move things 
off dead center. Finally, the 
Parliament adopted a resolu- 
tion that said it would do any- 
thing the leadership and Presi- 
dent Saddam agreed to do. 

On Tuesday the Iraqi-con- 
trolled media were busy looking 
for silver linings, with headlines 
announcing that the “big cross- 
ing” toward an end of the hard- 
ships had begun. Yet. govern- 
ment officials were conceding 
elsewhere that they are running 
out of ways to cope with the 
situation. 

Last month, the meager ra- 
tions guaranteed to every citi- 
zen were cut in half. Even be- 
fore this they hardly fulfilled 
two- thirds of internationally 
recognized minimal nutrition 
requirements. 

On Monday, the Iraqi trade 
minister, Saadi Mehdi Saleh, 
displayed the rations to which 
people are entitled now: a little 
rice, wheat flour, tea, sugar, 
cooking oil and detergent 

'This is the quota for a peo- 
ple who are living on a lake of 
oil, one of the richest people in 
the world," he said. 

When asked whether he 
oonld see the connection be- 
tween the embargo and the be- 
havior of the Iraqi regime, he 
vigorously responded: “We all 
stand behind president Saddam 
Hussein and are proud to fol- 
low him. We will resist-” 



HELSINKI (Renters) — A Finnish search vessel on Tuesday 
found the bow door of the Baltic ferry Estonia^which sank in a 
storm on Sept- 28 with the loss of more than 900 hves. 

An investigation panel made up ot members irom Finland * 
Sweden and Estonia said the 55-ton doOr was about one narnica/ 
mile west of the wreck. Experts believe the bow door win help 
them establish how it was tom off m heavy seas, allowing waterto 
flood in and sink the ship off southwestern Finlami 
More than 1,000 people were aboard the ferry. More than 800 
bodies are bdieved still in the wreckage. Ninety-three bodies have 
been recovered and only 137 people survived tiw smiting, one of 
the worst peacetime sea disasters litis century. No decision has 
been made on salvaging the wreck. 


Moscow Seizes Smuggled Uranium 

MOSCOW (AP) — Police and counterinteUigencr agents con. 
fiscatcd 27 kilograms (60 pounds) of smuggled uranium-238 in the 
third such seizure in two months, a spokesman said Tuesday, 
The radioactive material, intended for unauthorized sale, was 

■ , > ■ I s_ » * ..J * rtiimlw ft f TWVfttlft Inw.J 


UAiWUiUK LU a. 3JAWUUJUU — ' . 

Service. It was not immediately dear where the uranium original- 
ed and few other details were available. 

The stolen material was not weapons-quahty. Uranium-ag, 
used to produce fuel for nudear power plants, can be bought in 
Russia from authorized dealers and costs $100 to 5200 a kilogram, 
the authorities say. 


Haiti Refugees Return in High Spirits 

GONATVES, Hdti (AP) — The first Haitian refugees to come 

« » t%i_ ■ j « Tr_- * 1> - — 1 A ctehA* iWiimiwI fix 


ManoodKT Deghati/ Apace Frmcs-Prrsw 

A U.S. Army officer reviewing plans Tuesday with allies for a military exercise near the Kuwait-Iraq border. 


refugees 


'on-au- Prince 


Mideast Peace: Now . It’s Up to Syria IfaKan Part y Blackballs n Reporters 

y X %/ ROME (AFP) — Umberto Bossi ordered members of Parlia- 

ment from his Northern League Tuesday to avoid all contact with 


By Clyde Habennan 

New York Tuna Serrice 

JERUSALEM — How 
soon will Syria be next? 

Many Israelis asked that 
question after the ini tialing of 
a draft peace treaty with Jor- 
dan. Some asked it hopefully, 
others with dread, particularly 
those who are convinced that 
an agreement with Syria, with 
inevitable withdrawals from 
the Golan Heights, would be 
disastrous to Israeli security. 

But for better or for worse, 
Israelis sensed that their deal 
with Jordan had put them 
closer to a settlement with 
Syria and. with it. comprehen- 
sive peace arrangements for 
the Middle East. Some offi- 
cials here were already look- 
ing beyond their immediate 
neighbors and mentally tick- 
ing off agreements they expect 
to follow with Arab countries 
in northern Africa and the 
Gulf. 


Indeed, some Israeli experts 
assume that King Hussein 
would not have taken this dra- 
matic step unless he had been 


Maybe, these experts said, Is- 
rael could get a similar deal on 


the Golan, which was cap- 
tured from Svria in the 1967 


given a Syrian green light. It is 
likely he had “reason to as- 


ukdy he had “reason to as- 
sume that the Syrians are not 
far behind,” said Asher 
Sussex, a specialist on Jorda- 
nian affairs at Tel Aviv Uni- 
versity. 

If so, it raises another ques- 
tion: Could Israel's draft trea- 


NEWS ANALYSIS 


ty with Jordan serve as a pre- 
cedent for one with Syria? 

Some Israeli specialists 
were intrigued by provisions 
in the agreement giving Jor- 
dan sovereignty over small 
parcels of territory now in Is- 
raeli hands but leaving Israeli 
communities there intact 
while allowing them to lease 
back the land for 25 years. 


tured from Syria in the 1967 
Middle East war. 

Others brushed off that 
idea as wishful thinkin g- Mr. 
Assad, they argued, is not 
about to settle for anything 
less than the full return of the 
heights, and he will want the 
13,000 Israelis there to dear 
out. 

They see negotiations with 
other Arabs on fast forward 
— a self-rule deal with the 
Palestinians, interest offices 
with Morocco and Tunisia, 
now a treaty with Jordan to 
accompany one signed 15 
years ago with Egypt. Why. 
they ask. does Mr. Assad seem 
stuck on pause? 

Not all Israelis mind the 
slow pace. In fact, events are 
moving too fast for some, and 
in confusing ways. 


The country is in a dark 
mood after a burst of anti- 
lsrael terrorism, dominated 
by the kidnap-ltilling of a sol- 
dier last week. In one day, 
Sunday, a traumatized Israel 
went from burying the soldier, 
Nachshon Waxman, to watch- 
ing their leaders fly off to 
close the deal with Kang Hus- 
sein. 

It is not that Israelis oppose 
peace with Jordan. Quite the 
opposite. It is a popular con- 
cept here, and the treaty al- 
most certainly will sail 
through Parliament when it 
comes up for ratification. 

But the jarring juxtaposi- 
tion of sudden death and 
peace is difficult for many. 

“Some things axe changing 
rapidly while others stay the 
same,” said Sidra Ezrahi, a 
lecturer at Hebrew Universi- 
ty, “It's a bit of a warp." 


ment from his Northern League Tuesday to avoid all contact with 
1 1 leading Italian journalists whom he accused of false reporting 
about the party. Mr. Basri’s party is a member of Prime Minister 
Silvio Berlusconi's rightist coalition. 

The blacklisted reporters included the political correspondents 
of Italy’s main dailies: the Corriere della Sera, its center-left 
stablemate La Stampa, the leftist la Repubblica and the rightist 
papers L’lndipendcnte and II Giomaie. 


Corrections 

Because of a technical error, a comment by the Philippines 
Central Bank governor, Gabriel Singson, regarding the country’s 
economic recovery was incorrectly rendered in some weekend 
editions. Mr. Singson said: “In 38 years of banking. I’ve never 
seen anything quite like it. And 1 am confident it will be sus- 
tained." 

The number of Eurotunnel shares ordered by Alastair Morton, 
the company chairman, was incorrectly reported in Tuesday’s first 
edition. The c o rrec t number was 5.000. 


TRAVEL UPDATE 

Greek Airport Workers Set Walkout , 


“This will have to acceler- 
ate the pace with Syria — no 
doubt about it,” said Deputy 
Foreign Minister Yossi Beilin, 
a leading Israeli dove and one 
who feels that time is running 
short to come to terms with 
Damascus. 

The fact that the normally 
cautious King Hussein struck 
a deal with Israel on his own, 
just as the Palestine Libera- 
tion Organization had done 
last year, shows that Syria has 
lost its automatic veto over 
what other Arabs do. It pre- 
sumably will fed increased 
pressure to pick up the pace of 
talks with Israel. 

But that does not mean that 
President Hafez Assad will 
necessarily respond. He still 
considers himself the domi- 
nant figure in the Arab world 
and, as such, he remains the 
key to regional peace. 


Clinton to Go ‘Every Step of Way’ 


77ie Associated Press 

WASHINGTON — Hoping for a measure 
of credit at a remarkable moment of peace. 
President Bill Clinton will go to the Middle 
East to witness the Israel-Jordan treaty sign- 
ing. 

He was invited to take part in the Ocl 26 
ceremony by King Hussdn of Jordan and 
Prime Minister Yitzhak Rabin of Israel, who 
called Mr. Clinton aboard Air Force One 
shortly after they announced the accord. 

The trip, Mr. Clinton's first to the Middle 
East as president, follows a string of foreign 
policy successes: the showdown with Presi- 
dent Saddam Hussein of Iraq, peaceful mili- 
tary intervention in Haiti ana tire announce- 
ment Monday of an agreement between the 
United States and North Korea over the 
Communist regime's nuclear program. 

This series of accomplishments could give 
Mr. din ton and his Democratic Party a boost 
before the midterm elections, just shy of three 
weeks away. 


Mr. Clinton, whose diplomats have kept 
involved in the movement toward peace in the 
Middle East, promised to help Jordan and 
Israel on “a journey of peace that will bring 
them a bright future for generations to come.'’ 

“The United States has stood by them and 
worked with them, and we will stand by them 
every step of the way,” he said. 

The White House press secretary. Dee Dee 
Myers, said that details of the tap had not 
been made final, but that she expected Mr. 
Clinton to be in the region “at least a couple 
of days.” 

She said the president would visit U.S. 
troops in Kuwait while he was in the region. 
He also is expected to visit Jerusalem, accord- 
ing to an administration official. 

Mr. Clinton called the initialing of the draft 
peace agreement on Monday “an extraordi- 
nary achievement,” adding that “it must be 
welcomed by the friends of peace all around 
the world.” 


ATHENS (Reuters) — Greek dvil aviation employees plan i 
24-hour strike on Wednesday that could affect both domestic and 
international flights, their union said Tuesday, 

The Confederation of Civil Aviation Service Unions, which has 
about 1,500 members, also said that further walkouts were bring 
planned on Oct. 26 and 27 to protest the private status of a new 
international airport to be built near Athens. Wednesday's strike, 
which does not indude air traffic controllers, is expected to affect 
all Greek airports. 

Greek museum guards extended on Tuesday a strike that has 
dosed the Acropolis for two weeks, despite appeals by the Culture 
Ministry to exclude Greece's most famous monument from their 
walkout. (Rmm) 


United Airfares announced Tuesday that it plans to suspend 
serrice between London and Seattle next April. The airline said 
the route is the weakest of those it obtained when it bought the 


London operations of the now-defunct Pan American World 
Airways. That will leave British Airways as the only carrier 


Airways. That will leave British Airways as the only carrier 
providing scheduled nonstop serrice between the dties. (AP) 

Thai Airways International has resumed regular service to India. 
Bnt it said it was taking strict precautions to prevent the spread of 
plague, including spraying passenger and cargo areas and havings 
Thai doctor check passengers boarding flights in India, (AFP) 

Cathay Pacific Airways is increasing service to Seoul and Osaka, 
Japan, starling Oct 30. The Hong Kong-based carrier will add a 
third daily flight to Osaka’s Kansai Airport. Flights on the Seoul 
route win increase to three every day, up from 17 a week. (Reuters) 


EU Chie f k Expected to Limit Turnover 


R earn 

NAIROBI — The World 
Food Program said Tuesday 
(hat all its international staff 
members had pulled out of 
Mogadishu, the capital of So- 
malia, because of threats 
against their lives. 

The food aid organization of 
the United Nations said the 
eight staff members loft on Sat- 


urday after disputes with Soma- 
lis over employment led to 
threats against foreign workers. 

Aid agencies in Mogadishu 
are braced for demands from 
Somali bandits, who are intent 
on wringing money from them 
before the agencies abandon 
the city, a possibility if UN 
forces leave. 


ftUMnJ «fcb TV V. Ml T— ad IVWM«M I** 


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for Same day 
Delivery in Key Cities 

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By Tom Buerkle 

International Herald Tribune 

BRUSSELS — Jacques 
Santer has decided to keep per- 
sonnel changes to a minimum 
at the executive body of the 
European Union while reorga- 
nizing the bureaucracy’s foreign 
portfolios along geographic 
lines, commission sources said 
Tuesday. 

The decision win allow Mr. 
Santer, the president-nominee 
to the European Commission, 
to avoid the bloodletting that a 


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major shake-up could provoke, 
the sources said. 

A geographical structure 
would return the co mmissi on to 
its traditional organization af- 
ter a two-year experiment of 
dividing responsibility between 
foreign trade and political af- 
fairs, but it is likely to create 
some turf battles, sources said. 

It also would be a blow for 
efforts to create a common EU 
foreign and security policy, 
sources said, and acknowledges 
opposition from many national 
capitals to anything like an 
Union-wide foreign minister. 

Mafiuel Marin, the develop- 
ment commissioner that Spam 
has decided to keep in Brussels, 
said Tuesday that Mr. Santer, 
the prime minister of Luxem- 
bourg, agreed at a meeting 
Monday to give him responsi- 
bility for policy toward the 
Mediterranean region, Latin 
America and developing Asia. 
It was the first time a commis- 
sion nominee has claimed to 
have won a specific portfolio. 


Aides to Mr. Santer have re- 
fused to comment on portfolios, 
which must be agreed upon by 
the nominees at a meeting in 
Luxembourg on Ocl 29, then 
approved by the European Par- 
liament later this year. But com- 
mission sources said it was con- 
sistent with indications that Mr. 
Santer has given in meeting} 
with other nominees recently. 

These include putting Sir 
Leon Brittan, currently trade 
commissioner, in charge of rela- 
tions with industrial countries 
like the United States and Ja- 
pan, as well as handling overall 
EU trade policy at the new 
World Trade Organization. 

The most controversial 
change concerns Eastern Eu- 
rope. Sources said Mr. Santer 
was expected to create a sepa- 


rate post for the region, proba- 
bly for Hans van den Broek of 


the Neth er l a nds, who now han- 
dles foreign political affairs. Sir 
Leon has taken the lead on the 


Union's policy toward the East 
and is fighting hard to retain 


control, sources said, but ih& 
appeared unlikely. - 

Mr. Santer needs to carve out 
posts for new commissioners 
from Austria, Finland, Sweden 
and Norway, assuming all enter 
in January, while the anti- 
Union stance of the British 
Conservative Party to which Sr 
Leon belongs limits his political 
clout 

Sources said Martin Bangs- 
nuurn of Germany locks set to 
keep most of his current turf as 
industry commissioner, as does 
Karri van Miert of Belgium at 
competition. 

The economics portfolio was 
expected to be divided, with 
Mario Monti of Italy supervis- 
ing macroeconomic policy and 
Yves-Thibault de Silguy of 
France handling ; preparations 
for a single European currency.. 

Padraig Flynn of Ireland 
currently in charge of employ- 
ment, is expected to head agri- 
culture, although Austria bid 
for the post for its farm minis- 
ter, Franz Fischlcr. 


To call from country to country, or to the U.S., dial the WorldPhone® number of the country you're calling from. 

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** 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 


Page 3 


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No Clinton Waltz 
In Tennessee Race 

Credit for Thriving Economy 
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By David E. Rosenbaum 

New York Timet Service, 

NASHVILLE, Tennessee — 
Tennessee politicking sums up 
■one of the paradoxes of this 
unusual election year: The 
.economy is thriving, but Presi- 
dent Bill Clinton and the Dem- 
ocrats who support his econom- 
ic program are getting no credit 
for it 

The . economy hoe is the 
strongest in the state’s history. 
The unemployment rate, 4.7 
percent in August, is well below 
the national level. More than 
80,000 new jobs were created 
last year alone, and the eco- 
research center at the 
_j University of Tennessee is fore- 
casting 1 30,000 more by the end 
year. 

An analysis last month in 
The Memphis Business Journal 
began this way: “As the state 
enters the middle 1990s, it finds 
itself riding a wave of economic 
success that is the envy of much 
'of the nation.” 

But although Mr. Clinton 
•carried. the state in 1992, in 
'large measure because of hopes 
that he could invigorate the 
;econonry, nearly two-thirds of 
Tennesseeans questioned in a 
-recent poll said they disap- 
proved of his performance in 
office. . 

Of more imme diate signifi- 
cance, Senator Jim Sasser, who 
as chairman of the Budget 
Committee was instrumental in 
■getting the Clinton program en- 
' acted last year, is running about 
even with a Republican chal- 
lenger who has never before 
.sought public office. 

* Mr. Sasser, who is trying for 
his fourth term and stands a 

chan ce of becoming the 
ate Democratic leader if re- 
elected, does not even mention 
the economy in his television 
advertisements or speeches. In- 
stead, he concentrates on his 
4 w advocacy of tough measures 
-against crime and illegal imrni- 
‘ grad on, his support for prayer 
in public schools and hispoten- 
'tial to use his seniority to bring 
federal projects into the state. 

* The situation in Tennessee — 
and in the rest of the country — 
runs counter to one of the con- 
ventional tenets of American 

, politics: thata healthy economy- 
-ls-goodiOr metimbents^ 7 
For the president, Mr. Sasser 
.and their allies, these are any- 
;thing but great times. 

* “The president’s hdd in very 
low regard around here," Mr. 
.Sasser said. Asked why he does 
■not talk more about the econo- 
my, the senator replied, “We 
don’t fed that resonates.” 

- No one seriously argues that 
the Qinton policies are largely 
responsible for the strength of 
'the Tennessee economy. Many 
.other 1 factors, including Lhe 
^state’s central geographic posi- 
'tion, its low taxes and its low 
■labor costs, have been much 
more important ■ 

But the pre vailing view -of 
economists and other authori- 
ties here is that the Qinton ad- 
ministration's policies have 
much to the state's 


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• After an outbreak of 
a nahiesf’ disease on the 
Chases ship Horizon between 
. April anaJuly in which one 
, person died, U.S. health offi- 
cials. in Atlanta said they will 
; ti^iteh guidelines on luxury lin- 
. er houubs and whirlpool baths. 
The hew recommendations 
.from the Colters for Disease 
Control and Prevention may 
1 change industry standards for 

■ nriyate hpt tubs as wdl as those 
-lri: ships, hospitals, nursing 
% harness hotels and health dubs. 
.•Altar UJS. postal authorities 

gipofed, officials said they have 
received more than half a mil- 
. Hon orders for an erroneous 
•■U-S. stamp they are trying to 
keep from becoming too valu- 
able. No more orders are being 
accepted and only about a third 
of those wfl] be filled. The 

• stamp honors a blade cowboy, 

J Bill Pickett, but mistakenly por- 
. trayed Mr. Pickett’s brother. 
I«$bur ; U.S. prisoners on death 
i row at the Indiana State Prison 

• escaped ' from their cells Mon- 
) day. but wot captured after ex- 
i diaagmg shots with a guard, 

J offitaaU said, 

» oAiMher agricultural menace, 
^ fn* fly, was discov- 

ierecTm Pomona, California, as 
' hetopters 90 miles away 
! sppayea pesticide to rid tire 

• siate of Mediterranean fruit 
{ fi«A officials said. 

'•Abpdy (bund two weAs ago 

• ba wooded area of North Caro- 

■ lirtat was ideutified Monday as 

• that' ijf 4 27-year-old tourist 
t from 'the Czech Republic, Jiri 
1 PofijiKjuriiy, shot in the back 
| with^a 1 2-gauge shotgun. No 
ars^hSveTreen made. 

. . aP, Reuttn 


economic advantage, particu- 
larly the president’s deficit-re- 
duction program, his willing- 
ness to waive federal 
itions so the state could 
it a new health insurance 
item that promises to lower 
the cost to businesses, and his 
advocacy of the North Ameri- 
can Free Trade Agreement. 

In part because of the prom- 
ise of NAFTA, for example, ex- 
ports from Tennessee to Mexi- 
co increased almost ISO percent 
from 1991 to 1993. 

“Everybody should be proud 
of Qiaion’s economic pro- 
gram, 1 ’ said Governor Ned 
McWhorter, a popular Demo- 
crat who is retiring this year 
after two terms in which he con- 
centrated on improving the 
business dimate m the state. 
“There is no question it’s help- 
ing our economy." 

But across the state, Tennes- 
seeans who themselves are do- 
very well disagree. 

KitzmOkr, a Cadillac 
dealer in Nashville who said his 
own business was the best it had 
ever been, expressed what 
seemed to be the public consen- 
sus. 

“The federal government," 
he said, “doesn't nave a damn 
thing to do with the economy of 
Tennessee.” 

Mr. Sasser’s opponent. Dr. 
William Frist, a 42-year-old 
heart and lung surgeon who 
first registered to vote six years 
ago, is basing his campaign on 
his belief that most Tennesse- 
ans agree with Mr. KitzmQler. 

Speaking of Mr. Clinton and 
Mr. Sasser, Dr. Frist said: “The 
economy has gotten better on 
their watch. I’ll grant them 
that.” 

But much more important, he 
said, was this: “People are mad 
at the present direction of the 
country. People are mad at wel- 
fare. They see help-wanted 
sig ns up all over Tennessee. 
And they are mad that people 
can make more money on pub- 
lic assistance ” 

Mr. Sasser’s main problem. 
Dr. Frist said, is that he has 
been in Washington so long he 
has lost touch with Tennessee. 



Dml Lroun/ Agcncc Franco PrciSf 

TEXAS FLOODS KILL 7 — A Conroe, Texas, couple and their granddaughter fleeing flooding on Tuesday with 
the family dog. Much of nearby Houston shut down after about 20 inches of rain fell on southeast Texas in 36 boors. 


Vaccine Plan Failure: 
A Case Study of His 
Facing Health Care 


Victim’s Sister Decries Simpson Masks 


By Kenneth B. Noble 

New York Tima Service 

LOS ANGELES — As jury selection in 
the murder case against O. J. Simpson con- 
tinued, a sister of his former wife Nicole 
Brown Simpson has complained that peo- 
ple were trying to profit from her family’s 
loss by s elling Halloween masks portray- 
ing both the victim and the murder sus- 
pect. 

The sister, Denise Brown, said in a state- 
ment distributed to reporters that the Hal- 
loween costumes were in “extremely bad 
taste.” She urged consumers and mer- 
chants to boycott them and related Hal- 
loween paraphernalia, such as knives, 
bloodied skirts and Afro and blond wigs. 

“It is a holiday where children dress up 
and have a good time pretending to be 
someone else,” she said. 

“This type of costume is in extremely 
bad taste and has no redeeming value for 
our society,” she added. “Murder and do- 
mestic violence is no laughing matter, and 
the total disrespect for grieving families in 
general is appalling.” 

After keeping silent, members of the 
Brown family have recently begun to speak 


about their feelings that they have been 
exploited by people trying to sensationa- 
lize and profit from their loss. Denise 
Brown's statement was distributed Mon- 
day by Human Options Capital Canmaign 
Cabinet, an organization that helps victims 
of domestic violence. 

Many stores reported that there had 
been little interest in the Simpson items. 
Phillip Reynoso, an employee at Hallow- 
een Castle in Los Angeles, said: “We did 
have a guy come here and offer some 
masks, and some people have been asking 
for them, but I didn’t want to take them. I 
just wanted to give O. J. Simpson a break.” 

[But Victor Pahl, the manager of Ragz- 
t op- Vintage in Fullerton, California, told 
The Los Angeles Times that his store had 
sold 70 masks in the likeness of Mr. Simp- 
son, as well as numerous football jerseys 
splattered with fake blood and blond wigs 
for women “wanting to dress up as Ni- 
cole." 

[Mr. Pahl said that he and the owner of 
the store had no intention of curtailing the 
Simpson line of Halloween gear, adding 
that Ms. Brown’s plea did not faze them.] 

In court Monday, two prospective jurors 


were excused from the trial after voicing 
apprehension about the amount of atten- 
tion the trial was receiving and the poten- 
tial loss of their privacy. 

One was the woman identified as Juror 
No. 32, who became well known because 
she was the first juror questioned during 
the preliminary phase of vo/> dire, the juror 
screening process, and because her court 
number is the same one Mr. Simpson wore 
on his football jerseys. 

Asked bow other people knew that she 
was a potential juror in the Simpson case, 
she said, “If people asked me directly. I'm 
not going to lie.” 

Also dismissed was a juror who said she 
had suffered domestic violence for many 
years and could not bear to be questioned 
on the subject 

[Judge Lance Ito refused Tuesday to 
throw out evidence or impose other sanc- 
tions against prosecutors for delays in 
DN A testing, llie Associated Press report- 
ed. Reversing threats he made last week. 
Judge Ito rejected defense claims that 
prosecutors had acted in bad faith by wait- 
ing nearly three months to submit some of 
the evidence for laboratory testing.] 


By Amy Goldstein 
and Spencer Rich 

H'ashingion Post Service 

WASHINGTON — Two 
weeks after the Clinton a dmin - 
istration initiative guaranteeing 
immunizations for all children 
was supposed to have started, 
no vaccine has yet arrived in 
doctors' offices in half the 
states. 

Even though the “Vaccines 
for Children" program was 
signed into law a year ago, nei- 
ther federal officials nor those 
in 24 states have worked out a 
system for shipping the vac- 
cines to lens of thousands of 
physicians. 

In February 1993, the immu- 
nization program was the first 
attempt by the fledgling Clin- 
ton administration to broaden 
the federal government's role in 
health through a promise of free 
shots for every child. 

By the time it went into effect 
this' month, the idea — now 
vastly pared down to focus pri- 
marily on children who are poor 
and uninsured — had become 
an illustration of the federal 
government’s difficulty in 
changing even only a small pan 
of the nation's health care sys- 
tem. 

Nearly everyone who has had 
anything to do with the initia- 
tive has a different explanation 
for its slow start. 

The administration's initial, 
SI billion plan was too broad 
and ill-conceived, according to 
Senator Dale Bumpers, Demo- 
crat of Arkansas, and other 
members of Congress. 

Some members complained 
that the president's initial pro- 
posal called for spending feder- 
al money to vaccinate children 
whose famili es had good health 
insurance or could afford to pay 
for shots. 

More fundamentally, some in 
Congress and in the medical 
community questioned whether 
the program would work. 

They contended that the real 
problem was not the cost or 
supply of vaccine — which has 
always been available without 
charge in public clinics — but 
the failure of some parents to 
take their children to get shots. 

Drug manufacturers resisted 


the idea, arguing that it would 
force them to sell virtually all 
their vaccines to the govern- 
ment at a discount. 

Pamela R. Adkins, a spokes- 
woman for Merck & Co- said 
the drug company usually sold 
half of its vaccines to the gov- 
ernment at a SO percent dis- 
count, offsetting that reduction 
through its prices in the private 
sector. 

Once the program was 

Office questioned the adminis- 
tration’s plan for getting vac- 
cine to doctors — a central 
warehouse in New Jersey to be 
run by the General Services Ad- 
ministration. 

Some doctors have com- 
plained that the plan became 
more cumbersome and complex 
as Congress cut back its scope. 
Participating physicians, for ex- 
ample, have to keep the vac- 
cines they receive from the pro- 
gram refrigerated separately 
From other vaccines. 

According to some doctors 
and stale and local health offi- 
cials, the program's start-up de- 
lays have damaged its chances 
of success. 

Donna E Shalala, secretary 
of the Department of Health 
and Human Services, said: 
“Quite frankly, we are not as far 
along as we'd like to be at this 
point. We are going to keep 
working until it is fully opera- 
tional nationwide.” 

The program's start-up diffi- 
culties are particularly striking 
because, unlik e the case with 
national health reform, there is 
virtually unanimous agreement 
that all children should be im- 
munized. 

Immunization protects chil- 
dren from polio, whooping 
cough, measles and other dis- 
eases that afflicted earlier gen- 
erations in the United States. It 
is one of few preventive health 
strategies proven to be cost-sav- 
ing. 

Even so, one-third of UJS. 
children have not received the 
traditional shots recommended 
by age 2, including as many as 
70 percent of children in some 
poor, urban neighborhoods, ac- 
cording to federal figures. 


POLITICAL NOTES 




A Clinton Side Trip to the Heart 

ALBUQUERQUE, New Mexico — Presi- 
dent Bfll Qinton flew west to Albuquerque to 
give a speech to police chiefs about crime. But 
by its end, he had instead spun an angry 
sermon on the nation’s duty to a generation 
of children whose hearts, he said, are being 
“turned to stone" by violence and neglect. 

Asked if the president had strayed from his 
prepared text, the White House press secre- 
tary. Dee Dee Myers, replied, “He sure did." 
But hardly anyone seemed displeased by the 
side trip, which showcased Mr. Qinton in the 
role he plays best: a preacher, orating with 
passion on an issue that engages him. 

Mr. Qinton came to speak to a meeting of 
the International Association of Chiefs of 
Police about the new anti-crime legislation. 
But weaving through the remarks was a 
theme about how “random violence among 
young people, people under the age of 18, is 
going up dramatically.” By the time Mr. 
Qinton said, “I'd like to end today.” it had 
so seized him that he went on for perhaps 
another 10 minutes. (Michael Wines, NYT) 


Issues of Girth and Good Looks 

WASHINGTON — If a woman were run- 
ning, no candidate would dare question her 
appearance, but when the subject is Senator 
Edward M. Kennedy. Democrat of Massa- 
chusetts, or the Alaska Democratic guberna- 
torial candidate, Tony Knowles, looks are 
fair game. And for opposite reasons. 

Mr. Kennedy's campaign accused the Re- 
publican challenger, Mitt Romney, of being 
“the king of cheap shots'' for a television spot 
that shows the 62-year-old senator and his 
ample girth slowly settling on a park bench. 
“1 know Mitt is the perfectly coifFed candi- 
date, but there must have been one time in his 
life when he had a zit like normal people do," 
a Kennedy spokesman, Rick Gureghian, 
fumed. 

Then there is Jim Campbell, the Republi- 
can candidate for governor of Alaska, a 62- 


ycar-old balding man of Kcnncdyesque stat- 
ure. He is running against Mr. Knowles. 51. 
the former mayor of Anchorage, described by 
the Reuters news service as “tall, athletically 
lean and photogenic.” 

In Republican radio ads, an announcer 
notes that President Clinton's looks attract 
women. “And then I noticed — Tony 
Knowles — tall, shy smile, good hair, same 
thing with the women. But it doesn't slop 
there,'’ an announcer says, adding that both 
Democrats have imposed new taxes and envi- 
ronmental restrictions. “Coincidence?" the 
ads say, “Or is this always the way it is when 
a guy’s handsome and has good hair?" 

Backers of Mr. Knowles were furious. 
They said the ads imply that Mr. Knowles is a 
philanderer. (BUI McAllister, WPi 


Democrat Keeps His Distance 

WASHINGTON — Thomas Jefferson, 
he's not, but Representative Paul McHale, 
Democrat of Pennsylvania, has issued his 
own “Declaration of Independence" to show 
he is not the captive of President Clinton that 
his Republican opponent portrays. In all. 
Mr. Hale said he counts at least 17 major 
issues on which he has broken with the presi- 
dent or the House Democratic leadership. 

Mr. McHale said that his declaration had 
nothing to do with the "infamous morphing 
commercial" that his Republican opponent, 
James Yeager, has starting running. The ad 
shows Mr. McHale’s face becoming that of 
the president. ( WP) 


Quote/ Unquote 


President Clinton when asked Tuesday 
how he keeps his hopes up in tough times: “I 
tell our staff all the time, when things get 
really rough around here because of the poli- 
tics, that it's not important every day what 
ordinary Americans think about us, but it is 
important that we think about ordinary 
Americans every day and that we just keep 
our vision alive and I work on it.” (AP) 




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UPDATE 


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Home: 

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Victories: 0 


Years on the 
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The 

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USA • EUROPE- 


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INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 





p 


Pa^t* t 



Perry Pitches Openness to China Military 


By Michael R. Gordon 

Net* Ytrk Times Service 

BEIJING — In a rare ad- 
dress 10 Chinese military offi- 
cers, Defense Secretary William 
J- Perry urged China's armed 
forces to be more open about its 
budget and planning to ease 
concerns about its buildup. 

“Your capabilities in all ar- 
eas, including the military ar- 
eas, are growing by the day.” 
Mr. Perry told 300 Chinese col- 
onels and generals. “It would be 
helpful if your defense budget 
and strategic planning were 
more open ana visible to the 
outside world.” 

China's efforts to strengthen 
its armed forces has led to wor- 
ries that Beijing might use its 
military to bully its neighbors 
and support its territorial 
claims in the South China Sea. 

Aides to Mr. Perry reported 
that the Chinese had agreed to 
send a team of military officials 
to the Pentagon to outline their 
military plans until the year 
2000, as part of a reciprocal 
information exchange. 

But the U.S. officials said it 
was not clear just how forth- 
coming Beijing was prepared to 
be about the areas of concern 


died by Mr. Perry: China’s ac- 
tual level of military spending, 
its military strategy and its 
plans to upgrade its weaponry. 

As the first American defense 
secretary to visit China since 
the 1989 crackdown on the de- 
mocracy movement, the simple 
faci that Mr. Perry was speak- 
ing to the officers was itself 
something of an event. 

As he arrived at the National 
Defense University in Beijing, a 
military band in gleaming white 
uniforms struck up “America 
the Beautiful.” 

A large Red Star, the emblem 
of the People's Liberation 
Army, dominated the room as 
Mr. Perry spoke to a crowd of 
officers dressed in green uni- 
forms with yellow epaulets. 

Mr. Perry made his case for 
closer ties between the U.S. and 
Chinese militaries, saying that 
Washington and Beijing have a 
special responsibility to ensure 
stability in the western Pacific. 

He said China needed to do 
more to restrain its sales of mis- 
sile and other military technol- 
ogies. Alluding to Chinese arms 
deals with Pakistan, he warned 
that an arms race between Paki- 
stan and India could lead to a 


“catastrophic” war on China’s 
southern border. 

Mr. Perry also warned that a 
nuclear-armed North Korea 
would be a menace. And he said 
that China and Vietnam needed 
to eschew inflammatory state- 
ments and military deploy- 
ments designed to reinforce 
their territorial claims in the 
South China Sea. 

His mention of human rights, 
however, was brief and some- 
what indirect. Mr. Perry said 
that the failure to make pro- 
gress in this area would gjve 
ammunition to critics of mili- 
tary ties between Washington 
and Beijing. 

Then, he took questions for 
about an hour from the Chinese 
officers. At the end of the event. 
General Zhu Dunfa. the presi- 
dent of the Defense University, 
said that Mr. Perry had given a 
speech of “great significance.'’ 
raised his hands and gave a 
hearty applause. The officers 
quickly followed suit. 

Mr. Perry’s speech was one of 
the bigbpoints of his three-day 
visil to China, which was to end 
Wednesday with visits to Wu- 
han and Chongqing and a meet- 
ing with President Jiang Zemin. 


The polite and occasionally 
warm reception Mr. Perry re- 
ceived from the Chinese mili- 
tary stood in marked contrast 
to his meeting Tuesday morn- 
ing with American business 
representatives. 

During the meeting, arranged 
by the American Chamber of 
Commerce, they expressed little 
interest in the military issues 
Mr. Perry said were important 
for the future of the region and 
complained that Washington 
was not doing enough to help 
American companies do busi- 
ness in China. 

Bui in Washington. Mr. Per- 
ry's military talks have attract- 
ed more interest. 

Mr. Perry sought to deal with 
the criticism by underscoring 
the potential benefits for Amer- 
ican security of dealing with the 
Chinese, while playing down 
expectations for immediate re- 
sults. 

Describing the overall pro- 
gress in the talks as “modest." 
Mr. Perry said the Chinese ap- 
peared sensitive to American 
concerns. But he added: “The 
value you can put on those steps 
needs to be seen yeL" 



trir.f.pxw 


General Zhu Dunfa ordering the band to play Wednesday in Beijing at a welcoming ceremon> for Mr. Pern, right. <3 


After Pact, Seoul Readiesfor Dialogue With North 


By Andrew Pollack 

Set* York Times Service 

TOKYO — Taking, advantage of 
the new agreement aimed at halting 
North Korea's suspected nuclear 
weapons development. South Korea 
began preparations Tuesday for re- 
suming political dialogue and busi- 
ness relationships with its Cold War 
enemy. 

“A turning point has been reached 
for South and North Korea to seek 
reconciliation and cooperation,” Pres- 
ident Kim Young Sam said in a speech 
read to the National Assembly in 
Seoul by Prime Minister Lee Yung 
Duk. 

Officials and press reports in Seoul 
said the government was expected to 
relax restrictions soon on travel by 
South Korean businessmen to North 
Korea and on investments in the 
Communist nation. 

Government officials concerned 
with North Korea met Tuesday to 
discuss those and other measures, in- 
cluding possibly reopening discus- 
sions with Pyongyang on denuclear- 
ization and economic cooperation. 

[North Korea’s chief negotiator in 
the talks with the United States, Kang 
Sok Ju, said Tuesday in Geneva that 
the agreement “will certainly mak e a 


significant contribution to greater 
peace and security in Asia and the rest 
of the world,” Reuters reported.] 

The apparent softening in what has 
been South Korea's recent hard-line 
stance against the North followed the 
announcement late Monday in Gene- 
va that Washington and Pyongyang 
had reached an. agreement that would 
freeze North Korea's suspected nucle- 
ar weapons program and provide for a 
resumption of international inspec- 
tions of its nuclear installations. 

Officials in South Korea and Japan, 
the two countries that are expected to 
pay the bulk of the $4 billion for two 
light-water reactors for North Korea, 
welcomed the agreement Tuesday, al- 
though they said it did not contain 
everything they had wished for. 

In particular, since they are within 
North Korea's firing range, South Ko- 
rea and Japan are keenly interested in 
knowing as soon as possible whether 
the Communist regime already has 
nuclear bombs. But under the agree- 
ment, inspections that could help an- 
swer that question might not lake 
place for several years. 

“With the realization of the agree- 
ment. the nuclear issue will cease to be 
a major roadblock, and we can expect 
more exchanges and more dialogue in 


due course," Han Sung Joo. the South 
Korean foreign minister, said at a 
news conference late Tuesday in 
Seoul He said talks could resume be- 
fore the end of the year. 

Still, officials and analysts in Tokyo 
and Seoul said restoration of relations 
would proceed cautiously, step by 
step, and would depend on North Ko- 
rea’s carrying out the accord. 

Moreover, although South Korean 
officials say they are ready to talk to 
the North, it is not evident that the 

feeling is mutual. Pyongyang clearly is 

more interested in establishing eco- 
nomic and political ties with Washing- 
ton while cutting Seoul, which it 
brands an American puppet govern- 
ment. out of the picture. 

“North Korea’s basic strategy’ is 
they don’t want to talk with South 
Korea,” said Cha Young Koo, senior 
research fellow at Korea Institute for 
Defense .Analysis in Seoul. “They 
need an enemy, still, for the stability 
of their regime.” 

The agreement reached in Geneva 
calls for a resumption of North-South 
dialogue, something that South Korea 
had insisted on but that North Korea 
had vigorously resisted. But it is not 
clear yet how strong and specific that 
language is. 


South Korean officials, anxious 10 
sell the agreement to a skeptical pub- 
lic, released some details that painted 
the pact in the best possible light. Still, 
it was clear that South Korea was not 
completely satisfied. 

The agreement also is apparently 
vague on which nation will provide 
the two 1,000-megawan reactors, say- 
ing only that the United States wifi 
make the arrangements. However. 
Mr. Han said South Korea would play 
“the central role" in providing the 
reactors. 

Seoul wants to install the reactors to 
increase ties with North Korea and to 
build up the North's electricity capac- 
ity in advance of what it see's as the 
inevitable reunification. South Korea 
has threatened not to help pay for the 
reactors unless its reactors are' chosen. 

But North Korea has been resisting 
taking a reactor from its enemy. 

Despite these uncertainties, and the 
perennial suspicion in South Korea 
that Pyongyang will not keep its 
promises, the overall assessment of 
the Geneva agreement was favorable. 
Analysts said - it might indicate that 
Kim Jong II, who is~believed 10 have 
taken over as North Korea's leader 
after the death in July of his father, 
Kim II Sung, is open io negotiations. 


U.S. Military Team to Mediate 
Muslim-Croatian Alliance Rift 


KOREA: 

4 Good for World 9 

Continued from Page 1 
its nuclear program that were of 
immediate concern to the West: 
two graphite reactors under 
construction and a plutonium 
storage pond to which interna- 
tional monitors already have 
access. 

Mr. Gallucd also said Pyong- 
yang’s agreement to freeze its 
nuclear energy program meant 
that a reactor at Yongbyon 
would not restart and that spent 
fuel held in cooling ponds 
would not be reprocessed. The 
spent fuel can be a source of 
weapons-grade plutonium. 

U.S. scholars who study 
North Korea said it was too 
early to declare the nuclear- 
weapons issue solved. Some 
said in interviews Tuesday that 
they were optimistic that the 
worst of the crisis has passed, 
but others said some aspects of 
the deal were troubling. 

(Reuters, AP, WP) 


CHINA: Urban Prices Soar, Raising Fears of Unrest ULSTER: 


Cominued from Page 1 
curb the increases in market 
prices.” 

In other economic news: 

• Mr. Qiu disclosed Tuesday 
that 44.5 percent of all state 
sector enterprise lost money in 
the first nine months of the year 
and that 70 percent of bank 
lending nationally went to the 
state sector. A key obstacle to 
China’s reform program has 
been the poor performance of 
its massive state-owned indus- 
trial sector and the need to sup- 
port it with extensive credit al- 
locations. 

• Overall, he said, bank lend- 
ing increased by nearly 60 per- 
cent in the first nine months erf 
1994 compared with the previ- 
ous year, evidence that despite 
its impact on money supply and 
inflation, Beijing would contin- 
ue to push its economy toward 
the fast growth that it considers 
essential for new job creation. 

• China's budget deficit is 
also likely to exceed targets set 


at the beginning of the year, 
according to a report in the" offi- 
cial China Business Times. 

Economists from the Chinese 
Academy of Social Sciences 
and the State Statistical Bureau 
said Tuesday in their fall report 
that China's budget deficit was 
likely to hit II 7.4 billion yuan 
($ 1 3.8 bfllionX about 75 percent 
higher than what Mr. Li pre- 
dicted last March. 

In a bid to improve the lot of 
its 800 million fanners, China 


encing above 30 percent year- An Eerie Quiet 
on-year consumer price rises 


increased from 8 in August to 
14 in September. 

“Inflation itself is only the tip 
of the iceberg," said’ Miron 
Mushkat, chief economist for 
Lehman Brothers Asia Ltd. “It 
should not be taken as a symp- 
tom of an intractable problem, 
but as a reflection of the diffi- 
culties China faces in managing 
a complex and newly decentral- 
ized economv." 


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centrally planned economy to 
one guided by market forces. 

But the combination of infla- 
tionary expectations, specula- 
tion and an inadequate distri- 
bution system in which little 
true competition exists has re- 
sulted in runaway price in- 
creases. 

The State Statistical Bureau 
said that incomes of both urban 
and rural dwellers had grown 
by 6.8 percent and 10 percent 
respectively in real terms, after 
discounting inflation. It also 
noted that individuals' savings 
rates had nearly doubled in 
comparison with the same nine 
months last year. 

But analysts expressed con- 
cern that a national inflation 
rate that eclipsed 30 percent 
could be, according to one 
economist, the difference be- 
tween “galloping price rises and 
hyperinflation." 

Those inflation rates are al- 
ready happening in many 
places in China, the govern- 
ment said Tuesday. The num- 
ber of the 35 big cities experi- 


Reuiers 

SHANGHAI — U Guoiao, 
a leading dissident, has been 
sentenced to three years of “re- 
education through labor,” dissi- 
dent sources said on Tuesday. 
They said Mr. Li's family had 
been officially notified of the 
sentence. No further details 
were available. 

He is the fourth member of 
Shanghai’s small dissident com- 
munity to be sentenced to three 
years in a labor camp in the past 
several weeks. The others are 
Yang Zhou, Bao Ge and Yang 
Qinheng. 

A member of the Shanghai- 
based Association for Human 
Rights, Mr. Li is a close asso- 
ciate of Yang Zhou, a co- 
founder of the association, 
which has been battling city au- 
thorities to register as a legal 
entity. Virtually all known po- 
litical activists in S hanghai are 
now either in jail or under some 
form of administrative deten- 
tion. 


Continued from Page I 
Protestant paramilitaries. In a 
kneecapping, the victim is shot 
through the knee, a punishment 
that is extremely painful and 
sometimes permanently inca- 
pacitating. 

Since Sept. I. the Protestant 
paramilitaries have adminis- 
tered 12 punishment shootings 
and two punishment assaults. 

The IRA, which had doled 
out 55 kneecappings from Janu- 
ary to Sept. I, has since its 
cease-fire turned to punishment 
beatings with iron bars, base- 
ball bats, and clubs with nails. 
There have been nine of them. 

The punishment is given to 
petty criminals and others in 
neighborhoods where the police 
are reluctant to patroL They are 
also a way for the IRA to main- 
tain control. 

The Protestant cease-fire was 
ushered in with a low-key. in- 
congruous start. A crowd of 50 
or so gathered in the Lhick fog in 
front of City Hall to mark the 
exact moment when the cessa- 
tion of all military operations 
would go into effect. 

At Lhe stroke of midnight. 
Paul MacAree rubbed his 
brown beard, strummed a few 
chords on his guitar, and won- 
dered aloud what song would 
be appropriate. 

“No national anthems, that's 
for sure” he joked. 

Then he began the lilting 
Johnny Nash song from 1972: 

“I can see clearly now the 

rain is gone ” Around him, in 

the fog, the crowd clapped and 
sang. 


By Roger Cohen 

Set* York Times Service 

ZAGREB, Croatia — A U.S. 
military delegation will arrive 
soon in Bosnia charged with the 
task of helping the Muslim- 
dominated Bosnian Army and 
its nominal Bosnian Croatian 
allies integrate their forces, se- 
nior Croatian and American of- 
ficials said Tuesday. 

The dispatch to Sarajevo of 
about 15 U.S. officers reflects 
the frustration of the Clinton 
administration at the failure of 
the Muslims and Croats in Bos- 
nia to turn the American-spon- 
sored federation they formed 
last April into any sort of inte- 
grated military alliance. 

Instead of establishing a joint 
command structure and thus 
building a credible military 
threat to the Bosnian Serbs, as 
envisioned in the federation 
agreement, Muslim and Cro- 
atian generals have remained 
divided by mutual suspicion, 
strategic disagreements and dif- 
fering goals. 

Over the last week, this dis- 
union has been evident in the 
Serbian bombardment of Bos- 
nian government positions just 
north of Mostar, aimed at cut- 
ting the crucial supply route 
from the Croatian coast to Sa- 
rajevo. The Bosnian Croatian 
forces of the Croatian Defense 
Council massed in western 
Mostar have not lifted a finger 
to help the Muslims with whom 
they are theoretically allied. 

“About 15 American officers 
will be coming to Sarajevo at 
the beginning of November 
with the aim of really establish- 
ing a federal army," the Cro- 
atian defease minister, Gojko 
Susak, said in an interview. “It 
is important that America 
knows who has been sabotaging 
the federal army — the Bosnian 
government. The Croats would 
help in Mostar if the attitude of 
the Muslims was different.” 

A senior U.S. official con- 
■ finned that what he called “an 


American military mission” 
would soon arrive in Sarajevo, 
headed by a retired general, 
John R. Galvin, the former su- 
preme commander of allied 
forces in Europe. 

The bolstering of the military 
potential of the Muslim-Cro- 
atian alliance is important to 
Washington because of the 
widespread view in the Clinton 
administration that only the es- 
tablishment of a balance of 
power in Bosnia will create the 
conditions for peace. 

But the task of the American 
officers wifi be arduous. Over 
the last six months, it has be- 
come clear that the Bosnian 
Army and the Croatian Defense 
Council are still a long way 
from forgetting the brutal war 
fought between them in central 

Bosnian Serbs 
Attack Convoy, 
Killing a Driver 

The Assixvaed Press 

SARAJEVO, Bosnia- Herze- 
govina — Bosnian Serbs fired 
on a United Nations relief con- 
voy in the southeastern Muslim 
enclave of Gorazde on Tuesday, 
killing a driver and wounding 
another, UN officials said. 

A UN spokesman, Paul Ris- 
ley, said in Zagreb that the con- 
voy had been attacked by Serbs 
and that British commanders in 
the Gorazde region had re- 
quested dose air support — the 
term for NATO action that 
goes as far as air strikes. 

Major Koos Sol, another UN 
spokesman, said the request 
had reached a group of top mili- 
tary and civilian officials at UN 
headquarters in Zagreb, which 
can authorize air strikes. But 
they had dedded against doing 
so on the grounds that it was 
too late: The attack occurred 
several hours beforehand, dark- 
ness was falling and there was 
no identifiable target. 


Bosnia last year, and have dif- 
ferent visions for Bosnia. 

While President Alija Izetbe- 
govic talks often of “liberating” 
Bosnia from the Serbian aggres- 
sor — a war that would presum- 
ably be protracted — the Croats 
favor a rapid compromise with 
the Serbs that takes account of 
the fact that Serbs represent A 
third of the Bosnian popula- 
tion. 

“We are angry that the 
Croats have kept' some war 
criminals in senior positions in 
their array and shut they do not 
seem to want to get involved in 
a struggle against the Serbian 
aggressor.” said General Jo van 
Diyjak of the Bosnian Army. 
"They are not really interests) 
in a unified army, but only in 
being armed and organized in 
areas with a Croatian popula- 
tion.” 

General Diyjak singled out 
one senior Bosnian Croatian of- 
ficer, Tihomir Blaskic, whom he 
blamed for the massacre of 
Muslim civilians lust year. 

But General Ante Rosso, the 
head of the Croatian Defense 
Council’s military delegation to 
the federation, rejected these 
accusations. He said that crimes 
had been committed by all sides 
in Bosnia and that the real 
problem with establishing an 
effective joint command struc- 
ture for a federal army lay with 
President lzetbcgovie. 

“Why should we Croats en- 
gage ourselves when we do not 
know the strategic aim?” he 
asked. “Izetbegovic talks of lib- 
erating Bosnia. But perhaps af- 
ter freeing the country of Serbs, 
he will want to free it of Croats 
too. We need to know exactly 
what this so-called liberation 
means." 

General Rosso estimated 
that there were about 60,000 
soldiers in the Croatian De- 
fense Council and 120,000 in 
the Bosnian .Army. But integra- 
tion has scarcely begun because 
of the deep misgivings on both 
sides. 


$ 


FRANCE: Government Tom by Inquiries and Intrigue 

of an early presidential election, with Washington by suggesting 
. Seeking to restore unity with- domestic politics may have 
in his government. Mr. Balladur prompted the U.S. decision to 
on Tuesday summoned Foreign rush troops to Kuwait and then 
Minister Alain Juppe. Mr. Chir- outraged the annv-backed gov- 
ac s main supporter within the eminent in Algeria by declaring 
cabinet, to appeal for a political that Muslim fundamentalists 
truce until the end of the year, would eventually seize power 


V 


Continued from Page 1 

rectitude has not been called 
into question, the fact that the 
scandals have implicated his 
political allies has eroded some 
of Mr. Bahadur's stature be- 
cause he took office promising 
sound and honest government 
that would not tolerate even a 
whiff of corruption. 

The simmering feud between 
Mr. Balladur and Mr. Chirac 
over who will lead the r ulin g 
majority into the presidential 
campaign has set off open polit- 
ical warfare among their loyal- 
ists in the cabinet. The fighting 
has intensified in recent weeks 
as Mr. Mitterrand’s deteriorat- 
ing health spawned speculation 


Wednesday 


STAGE/ENTERTAINMENT 

Reviews from the world's most famous stages appear in the 
Stagc/Entcrtainmcnt pages - from London and New York theater 
to opera to symphony concerts conducted by renowned artists. 
Along with book and movie reviews, this section provides infor- 
mation on current entertainment options all over the world. 

Ever)’ Wednesday in the International Herald Tribune. 


Jteralb 


INTERNATIONAL 



tribune 


PI I BUSHEL* WITH THE NkW YORK TIMES AND THE WASHINGTON POST 


year, 

They were later joined by Inte- 
rior Minister Charles Pasqua 
and Defense Minister Francois 
Leotard, who have clashed re- 
peatedly over policy with Mr. 
Juppfi. 

Mr. Juppe, who had just re- 
turned from a tour of Gulf 
countries, said later that he was 
“dumbfounded by the deterio- 
ration of the political climate” 
in the last few days. "It seems to 
me that it is urgent for the coali- 
tion and the government to get 
a grip on themselves. We must 
calm this son of political mad- 
ness that has taken hold of the 
country.” 

Last week, Mr. Juppe blamed 
Mr. Pasqua for refusing to 
grant more than a 24-hour visa 
to Taslima Nasrin. the exiled 
Bangladeshi author under 
death threat by radical Islamic 
fundamentalists because her 
work has incensed them, Hie 
incident caused acute embar- 
rassment for France, which has 
long trumpeted its reputation as 
a haven for persecuted writers. 

Mr. Juppfe also spumed Mr. 
Pasqua’s notion of holding a 
primary to choose the right’s 
presidential candidate. Mr. Pas- 
qua then denounced Mr. Juppe 
and said he should leave the 
government because his avowed 
support for Mr. Chirac was not 
compatible with his cabinet 
post as foreign minister. 

Mr. Leotard, a strong Balla- 
dur backer, twice infuriated Mr. 
Juppi last week by intruding on 
his foreign policy turf. Mr. Leo- 
tard first provoked a quarrel 


would eventually 
there. 

'In the political calculus be- 
hind the rivalry between Mr. 
Balladur and Mr. Chirae. politi- 
cal sources close to both men 
acknowledge that the fighting 
between their surrogates is mo- 
tivated bv their desire to be- 
come prime minister — Mr. 
Leotard or Mr. Pasqua in a Bal- 
ladur presidency, and Mr. 
Juppe in a Chirac one. 


CRIME: 

Japan's Gangs 

Continued from Page 1 

knowledged that the firm’s 
board had permitted a well- 
known yakuza boss to become 
one of Nomura's largest cus- 
tomers during the 19S0s. 

The Finance Ministry, which 
regulates nearly all facets of the 
banking and securities busi- 
nesses, has generally failed to 
root out or punish those who 
have dealt with the yakuza. 

But the Japanese police, who 
used to defer to the Finance 
decided to act. 
tnchi Takano. a senior police 
official, said the National Pen 
hce Agency hod established 
special units to fight vakuza at- 
tacks against businessmen. 

Mr. Takano said the police 
agency had told companies and 
banks that if they disclosed 
their ties to organized crime, the 
police would pursue the gang- 
sters rather than the executives,. 


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Queen Finds 
ADeserted 
Red Square 

Reuters 

MOSCOW — Queen Eliza- 
beth arrived in a nearly desert- 
ed Red Square on Tuesday, in 
an embarrassing mix-up in 
which Russian security forces 
reportedly were told to keep 
people out of the square^ But 
shies said that neither local cha- 
os nor royal woes piling up at 
home could blight the queen's 
historic visit to Russia. 

“President Yeltsin decided 
be wanted to show the queen 
more of Red Square than origi- 
nally intended, so security were 
told to keep it clear of people,’' 
an angered British Embassy of- 
ficial said. 

A few hundred well-wishers 
were hastily allowed up to bar- 
riers to talk to the queen, as 
President Boris Yeltsin showed 
her and her husband. Prince 
Philip, around. - 

Early on Tuesday the queen, 
with Mr. Yeftsin, laid a wreath 
at graves of Worid War II vic- 
tims to mark the two countries' 
wartime alliance, before touring 
the palaces and cathedrals be- 
hind the Kr emlin ’s w alls . 



Royal Divorce in the Works? 

Palace Denies French Magazine Report 


Alcundcr Nnniki&IRnm 


Russian schoolchildren, waving British flags Tuesday to welcome Queen Elizabeth to their central Moscow school 


Rouen 

LONDON — Buckingham Palace denied 
reports, in a French magazine Tuesday that 
Pnnce Charles and his estranged wife. Diana, 
were planning to divorce early next year in a 
settlement that would bring her a fortune. 

“As was stated quite clearly when their 
separation was announced in December 1992, 
the prince and princess had no plans to di- 
vorce,' 1 the palace said in a statement. “That 
remains the position.” 

A joint statement issued by lawyers for the 
couple said there was “no truth” in the re- 
ports of an impendingdivorce that electrified 
the British media on Tuesday. 

The brash Paris weekly Void, quoting what 
it claimed were excerpts from a new biogra- 
phy of Diana, said that the feuding royals 
would end their marriage in March and that 
the princess would be paid nearly $25 million 
in a settlement. 

Diana, reported to be devastated by 
Charles’s revelation in his own authorized 
biography that he had never loved her, is 
quoted as saying that she felt used and abused 
by the royal palace. 

One excerpt from the book said ibe prin- 
cess compared her royal role to that of “the 
biggest prostitute in the world.** 

“1 am a POW.” Diana is quoted as saying 
by the magazine, “prisoner of Wales." 

Void said that as pan of the divorce agree- 
ment, Diana would have access to her sons. 


William, 12, and Harry, 10, who are in board- 
ing school, but she would renounce all claims 
to tiie throne and relinquish most of her 
jewels. In return she will receive a house in 
London worth about $10 million and a coun- 
try house in either France or Wales. 

The magazine said all of the divorce details 
are included in .Andrew Morion's new book, 
“Diana, Her New Life," to-be published on 
Nov. 15, Mr. Morton's latest volume to spot- 
light the royal family's fractured fairytale. 

The publishers of the new hoax. Michael 
O’Mara Books Ltd., said the magazine story 
contained elements of the book. 

“It also includes substantial distortion* 
and falsehoods, especially with regard to the 
question of divorce and the legal \:;:lemer! 
Tor the Prince and Princess of Wales." the 
company said in u statement. 

Hie publishers said that a Void employee. 
Luis Alvarez Gomez, was arrested by the 
Paris police Monday and that he hud a stolen 
manuscript of Mr. Morton's new bi<oL 

But a spokesman for Voici. Marc Rassat. 
denied the manuscript had been stolen. 
“There is no question or a theft." Mr. Rassat 
said. “This is a scoop, and there is nothing 
unusual about that." 

He said the magazine's information huu 
come from its own staff as well ax from Mr. 
Morton's book, which Mr. Rassat said was 
obtained through “journalistic means." 

It is not known if Diana cooperated on Mr. 
Morton's latest work. 


Crusading Moscow Reporter Is Killed 
By Bomb in Midst of Corruption Probe 


frtr • 
»*d ■■■.. 


By Fred Hiatt 

Washington Post Service 

MOSCOW — An investiga- 
tive reporter for Moscow's most 
popular newspaper has been 
killed in a bomb blast in what 
Moscow authorities called “an 
unprecedented terrorist act." 
escalating the growing violence 
agains t journalists. 

Dmitri Kholodov, 27, who 
had reported on corruption in 
the military and other sensitive 
topics, was killed in his office in 
the Moskovsky Komsomolets 
newsroom. Another reporter 
was slightly injured. _ 

Hie blast Monday occurred 
shortly after Mr. Kholodov re- 
turned to the newspaper with a 
briefcase that he had told col- 
leagues he would be collecting 
from a source in Russia’s do- 
mestic intelligence agency, his 
editor said. 

“This is a political crime 
against journalists and against 
freedom of speech,” said Pavel 


Gusev, the newspaper’s editor 
in chief. “There are forces who 
want to intimidate journalists 
and teach them not to stick 
their noses into where it smells 
of big money and big crime.” 

With crime and corruption 
increasing at many levels of 
Russian society, contract mur- 
ders and beatings have become 
almost commonplace. Bankers 
and businessmen are often tar- 
gets, but prosecutors, officials 
and journalists also have been 
attacked. 

The apparent murder of Mr. 
Kholodov was the most brazen 
attack yet on a journalist, 
reaching into the heart of a 
newspaper that has become a 
symbol of the new Russia by 
virtue of its audacity, icono- 
clasm and cynicism. 

President Boris N. Yeltsin 
was shocked by news of the 
killing- 

Mr. Kholodov had worked at 
the newspaper for four years. 


covering many of the major cri- 
ses following the breakup of the 
Soviet Union, Mr. Gusev said. 

Recently, the reporter had 
been investigating alleged arms 
trafficking by Russian Army of- 
ficers while based in Germany. 
He had received several death 
threats in connection with these 
reports, Mr. Gusev said. 

Mr. Kholodov had told col- 
leagues that an employee of the 
Federal Counterintelligence 
Service, successor to the KGB. 
had been talking with him for 
some time ana had finally 
agreed to give him documents. 
Tbe reporter said he had been 
told the documents would be 
left for him in a luggage locker 
in a Moscow railway station. 

Mr. Gusev said he did not 
know whom Mr. Kholodov 
met, if anyone, in the train sta- 
tion. But be said the reporter 
returned with an attache case, 
which contained what the edi- 
tor called a professionally made 
bomb. 


Last Power Plant 
At Chernobyl Shut 
For Cracked. Pipe 

Reuters 

KIEV — Ukraine shut the 
remaining reactor at the Cher- 
nobyl power plant, site of the 
world’s worst nuclear accident, 
for a week because of a cracked 
pipe, officials announced Tues- 
day. 

An officer for the State Com- 
mittee on Nuclear Safety said 
the third reactor was closed 
Monday after a small crack was 
noticed in a pipe carrying steam 
to turbines. 

The accident was registered 
at zero on the international sev- 
en-point scale and there was no 
rise in radiation. 

The plant's first reactor — 
the only other one functioning 
at the stricken plant — was 
closed Oct 8 for maintenance. 

Parliament reversed a pledge 
last year to close Chernobyl by 
the end of 1993. The country’s 
leaders say $4 billion to $6 bil- 
lion is needed to close the in- 
stallation and find alternative 
power sources. 


German Ex-Communists Discard the Past 


By Stephen Kinzer 

New York Times Service 

BERLIN — Germany’s jubi- 
lant former Communists, flush 
with their victories in parlia- 
mentary elections, insisted 
Tuesday that their party had 
left its repressive past behind 
and was prepared to work con- 
structively within the existing 
political system. 

“Stalinism is no longer an op- 
tion,” said the party leader, 
Lothar Bisky, referring to the 
Communist Party that ruled 
East Germany for 40 years. 

The former Communists, 
who now call themselves Dem- 
ocratic Socialists, horrified the 
political establishment Sunday 
by winning four head-to-head 
parliamentary races, all of them 
in East Berlin. That showing 
qualified them for 30 seats in 
the 672-member Parliament. 

During their campaign, the 
Democratic Socialists called 
their candidates a “colorful 
troupe." and the 30 legislators 
they will send to Bonn live up to 
that description. 


One of the new stars of the 
party is Stefan Heym, an 81- 
year-old writer of Jewish de- 
scent who served in the U.S. 
Army during Worid War II and 
who holds American as well as 
German citizenship. As the old- 
est member of Parliament be 


'Wewillbe 
anything but a 
boringly unifi ed 
faction. 9 

Gregor Gyri 

will give the opening speech 
when it convenes next month. 

Among others elected on the 
Democratic Socialist ticket 
were Gtinther Maleuda, former 
president of the rubber-stamp 
East German Parliament; Ger- 
hard Zwerenz. a writer known 
for steamy sex scenes; Heinrich 
von Einsiedel, an aristocrat who 
is a great-grandson of Otto von 
Bismarck; Christina Schenk, 


one of Germany’s most outspo- 
ken lesbians; and Christa Luft, 
a Marxist economist who was 
once the East German minister 
of economics. 

“We will naturally have dif- 
fering opinions,” said the par- 
ty’s leading figure, Gregor Gysi. 
a sharp-tongued lawyer whose 
father was East Germany's 
minister of culture. “We willbe 
anything but a boringly unified 
faction.” 

The former Communists 
campaigned as the voice of 
Eastern Germany, and clearly 
profited from widespread re- 
sentment there about the way 
German unification has been 
managed. But nine of the 30 
men and women who will repre- 
sent the party in Parliament are 
from Western Germany, and 
party leaders said after the elec- 
tion that they hoped to broaden 
their appeal and become a na- 
tional political force. 

Chancellor Helmut Kohl 
probably helped the ex-Com- 
munists by attacking them rig- 
orously during the campaign. 


He called them ‘Ted-painted 
fascists" and denounced Mr. 
Gysi as “the personification of 
political cynicism.” 

Many Eastern voters wanted 
to show their anger with Chan- 
cellor Kohl, and after hearing 
these attacks they voted for the 
ex-Communists rather than for 
the principal opposition party, 
the Social Democrats. 

A former East German dissi- 
dent and outgoing member o; 
Parliament, Konrad Weiss, 
called the ex-Communists suc- 
cess at the polls “unbearable 
and shameful." 

“Many people in Eastern 
Germany seem to have forgot- 
ten the total repression, “the 
murders at the wall and the 
Stnsi spying." Mr. Weiss said. 

But Joshku Fischer, who was 
elected to Parliament as a 
Green, sa : i he would be w tiling 
to deal wiih ex-Communists. 

“These are elected legislators 
with democratic mandates." he 
said. “We cannot have first- 
class and second-class legisla- 
tors." 


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"age 6 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 


FOR THOSE 



SEEKING MORE THAN ONE DIMENSION 


TO TIME... 


“A watch is just a watch, so long as it tells the time.* 
It’s the kind of statement that makes us all the 
more determined to safeguard one of life’s irre- 
placeable pleasures - the multi-dimensional time 
of complicated watches. 


the more essential complications in a number of 
wristwatches. You can be assured that each represents 
the finest watchmaking in the world. 


of our movements and bring into play the precisely 
coordinated actions of the column-wheel, levers and 

gears ^g. 7. 


For more than 150 years we have been ma king time- 
pieces for men and women who see beyond ordi- 
nary time. Einstein owned a watch made by us fig. I, 
so did Tchaikovsky, Wagner, Marie Curie and 
Charlotte Bronte. Each of them - whether scientist, 
musician or writer — had the rare gift of being able 
to exploit time as a creative element in their work. 


You may find your most treasured possession in the 
handsome tonneau-shaped, perpetual-calendar watch 
fig. 4. The unique combination of a fly-back dates- 
hand showing the progression of the month, and a 
minute-repeater, is a refinement that took us about 
four years to develop. 


Today we are still recognized as the only watch- 
makers whose timepieces adequately convey a sense 
of outstanding personal achievement. We can rise to 
your greatest occasion with a total of 33 horologicai 
complications - far beyond the capabilities of any 
other watchmaker. Our Calibre 89, the most compli- 
cated portable timepiece ever built fig. 2, expresses 
the full scope of time: astronomical time — from a 
star chart geared to the apparent movement of the 
heavens, to the times of sunrise and sunset; seasonal 
time, sidereal time and the equation of time fig. 3; 
long rime in the 400-year cycle of the Gregorian 
calendar; short time with a split-seconds chrono- 
graph; the sound of time in a Grand Strike, chiming 
the hours and quarters, in passing, on a Westminster 
carillon; spiritual time in the date of Easter; and time 
that escapes gravity in the tourbillon escapement. 


You will appreciate that there are no half measures 
in complicated watchm akin g. We are building preci- 
sion timekeeping instruments that you will expect to 
perform faithfully for a century or more. In our 
self-winding, perpetual-calendar wristwatches fig. 5, 
our own design and superlative craftsmanship ensure 
that the calendar mechanism absorbs an infinitesimal 
amount of power as it smoothly changes the day, 
date and month, records the quarters of the day and 
the leap-year cycle. The moon-phase in our perpetual 
calendars is extremely precise, taking 122 years and 
45 days to accumulate the hardly discernible variation 
of a single day. 


Impeccable workmanship is taken for granted by 
those who wear our watches. But if you choose one 
of the halfdozen or so slim, self-winding, perpetual- 
calendar repeaters fig. 8 that we complete each year, 
you can expect much more. We have encapsulated 
in our most sophisticated wrist watch the ancient and 
authentic sound of time. Celebrate a moment - 
any moment - by making the mechanism ring the 
hours, quarters and minutes with the pure, clear 
resonance that onlv we have been able to achieve 


in a minute-repeater. 


If you find the Calibre 89 a little inconvenient for 
everyday use, our watchmakers have brought together 


Our perpetual-calendar and chronograph combination 
fig. 6 finds particular favour among collectors who 

enjoy the finer points 
of mechanical watch- 
making. Through 
the sapphire-crystal 
casebaek, you can 
admire the exqui- 
site hand-finish 


Those who consider a watch is just a watch, so 
long as it tells the time, will be gratified to learn that 
in this elegant w'ristwatch fig. 9 , time is told both 
by a minute-repeater and by an observatory-rated 
chronometer. In it moves the most ingenious com- 
pensation device known to horological engineering. 
The rotating tourbillon cage literally absolves the 
watch’s regulator from the laws of gravity - remov- 
ing one of the last obstacles to the final frontier 
of mechanical precision. 


But if you seek that extra dimension to time, to 
mark your achievement, to inspire your creativity or 
simply to enjoy sublime watchmaking, you will 
almost certainly wear one of our timepieces one day. 
You will then come to recognize the touch of the 
worlds finest watchmakers fig. 10, and know that 
the name on the dial can only be Patek Philippe. 


fig. 8: Ref. 3974. The confidence 
of a smoothly functioning perpetual 
calendar, and the pleasure of 
hearing the time, combined in one 
of Patek Philippe's most 
sophisticated ‘mismatches. 


fig. 9: Ref. 3939. 
A minute-repeater which 
is also a rated chrono 


meter. A tourbillon device 



fig. 2: Tune on a cosmic scale in the 
Calibre S9 - the most complicated ^ 
portable timepiece 





1 : 














INTERNATIONAL 


TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 


AMERICAN 

TOPICS 

Mistake-Proof Safely Seats 
Etch a Parent Can Install 

A new generation of car safety seats 
promises to be far more foolproof 
than the present devices, the Kansas 
City Star reports. Safety seats avail- 
able today are credited with saving the 
lives of about 200 children a year. 
Still, 615 children under age 5 were 
killed last year in motor vehicle acci- 
dents, many of them because of im- 
properly secured safety seats. 

Today’s new cars are beginning to 
be outfitted with safety seats that are 
either built into the car or, if portable, 
snap into a metal receptacle under the 
seat cushion or into the seat frame. No 
safety belts are needed to secure them. 

Cheryl Kim, a program coordinator 
for SafetyBcIlSafe UiLA, a nonprofit 
group, said that up to 90 percent of 


people using children’s safety seats 
had done something wrong with the 
seat 

In 1978, Tennessee became the first 
state to require safety seats for chil- 
dren traveling in automobiles. Today 
all 50 states have similar statutes, and 
the use of safety seats has grown ac- 
cordingly. Bui many parents have dif- 
ficulty installing the seats. 

Short Takes 

A husband who pleaded guilty to 
voluntary manslaughter after catching 
his wife in bed with another man was 
sentenced to 18 months in prison by a 
judge who said such a killing was 
understandable. 

Sandra Peacock, 31, of Tow son, 

- Maryland, was killed Feb. 9 by a hunt- 
ing rifle after her husband, Kenneth. 
36, arrived home unexpectedly during 
a winter storm, prosecutors said. The 
victim’s lover escaped unharmed. The 
prosecution had demanded a sentence 
of three to eight years. Circuit Judge 
Robert E. Cahill said that, while He 
was reluctant to give the defendant 


any prison time at all, “I am forced to 
impose a sentence." 

Attorney Judith A Wolfer. a do- 
mestic violence activist, said the sen- 
tence sent a dangerous message. “You 
don’t kill someone because they be- 
trayed your trust, "she said. 

A rock sQde crashed into a camp in 
die depths of the Grand Canyon short- 
ly before dawn one day last week, 
injuring four people in a party of 16 
experienced river rafters. One woman 
remained hospitalized with a frac- 
tured pelvis. TTiree other rafters were 
recovering from broken bones and 
bruises. 

The rock slide, apparently triggered 
by a storm that brought a foot of wet 
snow to the canyon rim, tore through 
the cluster of tents. One of the camp- 
ers, Chuck Cichowitz, said, “It was 
like someone dropped a bomb.” 

The bkyde is stationary. The view 
isn't. Tectrix, a maker of aerobic ma- 
chines, has teamed up with Cyber- 
Gear, a computer software company, 
to add virtual reality to an exercise 


bicycle. On traditional exercise ma- 
chines, lack of distraction can mak e 
exercise boring, even with newspa- 
pers, magazines or television. On the 
new apparatus, using a 20-inch color 
monitor, riders pedal through a rural 
landscape, cycling up hill and down 
dale while avoiding trees and other 
obstacles. Pedaling resistance in- 
creases going up steep terrain. If a 
biker hits a tree, the collision can be 
heard on the speakers and fell in the 
pedals. 

In an article about heavyweight box- 
ers, The Washington Post promised 
“everything you wanted to know 
about our reigning champs, including 
their names.” It turns out that one 
Oliver McCall is the current custodian 
of the World Boxing Council's version 
of the world title, and somebody 
called Michael Moorer has both the 
International Boxing Federation and 
World Boxing Association crowns. 
Shades of Jack Dempsey, Joe l-nnic , 
Rocky Marciano or Mohammed Ali 
— neither fighter's name is exactly a 
household word. 

International Herald Tribune 









‘ *‘ " "" ‘ " " "" " Rubin Lccnota The Auooalcd Pm 

RIBBON ON THE EARTH — - Several hundred people lining up in a Reid outside 
KafispeH, Montana, to form a ribbon like one worn in solidarity with AIDS sufferers. 


BUSINESS MESSAGE CENTER 





BUSINESS 




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1ST. MAARTEN] 


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THRU MAJOR INTL BANCS 

** CAPITAL SUPPORT CORP. 

SS (714) 757-1070 Fa* 757-1270 


FINANCIAL SERVICES I 


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Tab +41 42 645255 
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Pham USA 602 946 7768 
Fas USA 602 946 1809 


siyippjragc! 


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WCE, 8RASSBBE - PU8 FOR SALE 
HOME LOCATION. HEMTOFOTY 
Long term revolving lease for 
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Fax {33) 92 1606 20 


BUSINESS OPPORTUNITIES 


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London Tei. 71 3M 5157 Fn 71 231 1828 
Cauda TeL 884 942 8188 Fu 942 3179 


PROJECT FUNDING 
NOW AYX1LSBLE 

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* Whni'Uie London Slock Exchange lnlroduced the FT-SE 100 Index 
in 4984 . il seemed to me that by selltng index options on an ultra 
conservative programme 1 could achieve a return higher than bank 
Interest rates, with minimal risk. From 1985 on. I Invested substantial 
sums in this programme and still do today. The results have been, 
outstanding. I hare P,.R.z_ oyer _t fee past 

Iwm My smallest annual return was 26%. 

hw prfrate inveatof conM earn ttw high “ 1 

tf.-he/sne followed the same programme and has a minimum of 
yS$'40,000 to tnvesL 

- ' ffyoii would like to know more. I will mall you a full description of 
tlie- programme, with detailed operating Instniclkms. free of charge and 
without any dNIgallon on your part. Just send me your address by lax or 

-port-. 

One condition triease: UkU you are a bona fide private Investor with 
a.mtnbrima of USS40.CO0 lor ihe equtv^ent in any currency) to invest, 
Md that you are not replying merely out of curiosity. 

-•.-«* ; “Private taveator' Fax; +3452 81 0582 

- IMU aOTE, P del Paqoe. E-29660 W. Andahtda, Spain. 


ARGENTINA 

General Tax Directorate 

INTERNATIONAL COMPETITIVE BIDDING 

An International Competitive Bidding lor purchase of 

notebook portable personal computers, portable 
printers and off-the-shelf software 
will be carried out by UNDpyOPS, New York on behalf of 
the General Tax Directorate of Argentina, funded by loan 1 
3460 AR of the World Bank. 

Eligible bidders should be manufacturers' authorized 
representatives with extensive technical support 1 
coverage. Duly appointed representation in Argentina for 
any brand offered is mandatory. 

Qualified bidders should notify their intent to participate 
in writing to: 

DGI - SEPRAT 


H. Yrigoyen 370, 1st floor. Room 1055 
(1086) Buenos Aires, Argentina 
Re: ICB 

Fax: + 54-1-331-3449 



AB equtpomnUFuH Control 

Investment $1 5-S25,000uia 

716 - 691-1750 

FAX: 716-691-1766 


Tired of Negative Responses? 
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FUNDS NOW AVAILABLE 

for capable applicants, seriously 
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in U.S A.. Canada. Europe, 
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Prompt and Professional 
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Contact Oftoe - Europe 

www: http^rtergnxip.comtinlsrfinanc8 
e-malt flnancaeinlefgroup.com 
Voice: +3170 3500221 
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e-moiiTodingOnl ifitergravp eom 

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Voice: 1+31 70) 358 4039 

ww Htp/ f n ta r o r pyp rom/raeKOnfife 
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Dr. Jur. william A. Wright 
Attorney at Law 
ll.fi. Corporation Services, Inc 
34.W Balmoral Drive. Soilc *10. 
Sacramento. CaQIomd W821 

Fa* (USA) 916/785-3005 


i H 

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INTERNATIONAL FRANCHISE OPPORTUNITIES 


Master Franchise Opportunity 

AlphaGraphics. the 24-year woridwicle leader In the quick print 
and related services Industry is seeking additional Master 
Franchisees to develop our 330-store network. 

AJphaGrophlcs Is seeking Master Franchisees for selected countries 
in Africa, Asia, Europe, Latin America and the Near East. Consider 
your future as a Master Franchisee, developing franchise locations 
In your country of Interest. 

AlphaGraphics centers offer offset printing, electronic printing, 
computer-assisted graphic design, bindng and finishing, and are 
tied together by our worldwide electronic network. 

AlphaGraphics currently operates high technology business 
service centers In Australia, Belgium, Brazil, Canada, China, 
Holland. Hong Kong. Hungary. Japan. Mexico, the Phillipines! 
Russia, Spain, Sweden, Turkey, the United Kingdom, the United 
States and Venezuela. New centers will open shortly in Chile. 
Germany, Saudi Arabia and Ihcdand. 

For an Information packet og our Marter Franchise opportunity, 
please call BID Edwards at 1 (602) 293-9200 or fax your request to 
1 (602) 887-2850. 

Of you are Interested In a franchise In an existing AlphaGraphics 
terrttoiy, -we will be happy to forward your request for information 
to the appropriate Master Franchisee.) 


COM ■ COB"- ■ 


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*> 


8 


WEDNESDAY, OCTOBER 19, 1994 


opinio * 


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INTERNATIONAL 



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PubUnhrd With Th* IV™ Wk Tims anil TJx- QaihiR^nn Fiisl 


Germans Play It Safe 


No Switch for Now 

In German politics, change approaches 
with slow and ponderous gravity. In the 
45 years since the present Federal Repub- 
lic was founded, power has swung only 
once from center-right to center-left, in 
cautious stages in the late 1 960$ and bade 
to center-right in 1982. Another shift 
seems to be approaching —but. Sunday’s 
election returns say, not just yet. 

Chancellor Helmut Kohl's conserva- 
tive Christian Democrats and their allies 
have won again, although with only the 
narrowest of margins. They will have a 
majority of 10 in the new 672-seat Bun- 
destag, compared with 66 in the last one. 
Whether that will enable them to govern 
for the usual four-year term is a question 
very much under discussion in Germany. 

Last spring the polls suggested that 
Mr. Kohl was running far behind the 
opposition. But an unexpectedly strong 
economic recovery from the recession re- 
inforced the German voters’ inclination 
toward stability. One welcome conse- 
quence is that the radical right-wing Re- 
publicans got only a minuscule vote and 
will vanish from the Bundestag. The lead- 
ing opposition party, the Social Demo- 
crats, gained modestly. The Party of 
Democratic Socialism, the former East 
German Communists, won larger gains 
and the Greens still larger, indicating a 

Doubts About Vision 

With a notable lack of enthusiasm, 
German voters gave narrow support on 
Sunday to their least risky choice. Chan- 
cellor Helmut Kohl and his center-right 
government. But Mr. Kohl will have to 
struggle to make any headway during his 
fourth four-year term since 1982. His 
parliamentary majority was shaved to 10 
votes, and his coalition partners, the Free 
Democrats, just managed to squeak by 
the 5 percent threshold needed to assure 
their seats in the Bundestag. Although 
Americans and Europeans might have 
preferred a less ambivalent outcome. Mr. 
Kohl's continued leadership nil] be gen- 
erally welcomed. He and his Christian 
Democrats are tried and familiar . The 
question is whether he intends to make 
something of his victory or mark time. 

In any case, this second national elec- 
tion since unification in 1990 suggests 
how exaggerated were fears back then of 
a swaggering, nationalist and volatile 
Fourth Reich. Right-wing extremists got 
nowhere in Sunday’s vote; former Com- 
munists, now called the Party of Demo- 
cratic Socialism, proved to be an essen- 
tially regional protest movement based in 
Eastern Germany, where jobs are scarce 
and grievances real 

In losing ground, Mr. Kohl was no 
doubt punished for foolishly implying 
that unification would be painless and no 
new taxes would be needed to nurture 
“blooming landscapes” in the East. He 


shift to the left among the leftist parties. 

West European politics is now in a 
curious condition. Most of the big coun- 
tries are under parties that have been in 
power for a very long time and are declin- 
ing in strength, yet have no very forceful 
or well-focused opposition. Mr. Kohl has 
been German chancellor for 12 years. 
Frangois Mitterrand has been president 
of France since 1981. Although nominal- 
ly a Socialist, he has long since aban- 
doned most socialist doctrine, and the 
Parliament is in the hands of conserva- 
tives. Spain's Felipe Gonzdlez has been 
prime minister since 1982, another So- 
cialist who has moved to the center. Brit- 
ain's Conservatives have been in office 
since 1979, and although ihe Labor Party 
is gathering momentum, the government 
is still banging on by its fingernails. 

Ideology « selling at a discount, and 
some of the reasons are visible in Germa- 
ny. Social Democrats asserted that they 
could run the economy better than Mr. 
Kohl and spoke in general terms of social 
justice. But business is improving, and 
German social benefits are already enor- 
mously generous, far beyond anything 
offered in America. In reality the issue is 
not whether to expand them but how to 
preserve them. It is hard to run an effec- 
tive opposition in a prosperous country 
whose voters mainly want security. 

— THE WASHINGTON POST. 


was hurt as well by the virtual collapse in 
local elections of his smaller partner, the 
Free Democrats. But once again the big 
and seemingly clumsy chancellor was 
somehow able to contain inevitable de- 
sertions from an aging regime, belying his 
reputation as “BlunderkohL” 

He was helped by the lackluster cam- 
of his chief challenger, the new So- 
Democratic leader, Rudolf Schaiping. 
Most of all, be was given a crucial lift by an 
economic recovery triggered in part by 
America's revival. Foreign affairs played 
hardly any role in a generally dull cam- 
paign, and Germans seemed scarcely 
aware that as they were casting their bal- 
lots, so, too, were the Finns, who voted to 
join an expanded European Union. 

The familiar, valid criticism of Chan- 
cellor Kohl is his deficiency in vision. He 
has been justly faulted for failing to speak 
out against skinhead assaults on foreign 
workers, for his vagueness about Germa- 
ny’s eastern borders, and for his inepti- 
tude in persuading President Ronald 
Reagan to lay a wreath on graves of SS 
veterans at Bitburg. Now he can use his 
unprecedented fourth term to prove that 
his stature is not merely physical. 

Germany’s eastern neighbors need more 
trade and political reassurance; its Euro- 
pean Union partners need German energy 
and enthusiasm. If Mr. Kohl can devote 
his fourth term to something more chal- 
lenging than clinging to power, he could 
put to rest the doubts about his vision. 

— THE NEW YORK TIMES. 


Jordan and Israel 


The initialing of a peace treaty between 
Israel and Jordan is no less welcome for 
having been expected for some time. 
Again and usefully, it has been shown 
that bloody disruptions, such as the 
weekend shootout in the West Bank, can- 
not slow tiie region's inexorable march 
toward accommodation. At the White 
House last July, King Hussein and Israeli 
Prime Minister Yitzhak Rabin had shaken 
hands on an end to their state of belliger- 
ency. Now in a week or so a peace treaty is 
to be signed that will terminate the formal 
state of war between them and put a full 
structure of ties in place. Bill Clinton, who 
helped make it happen, will be there. 

To be sure, Jordan was always special. 
Not just the king's personal inclination 
but strategic necessity — the requirement 
for protection chiefly from Arab foes — 
rendered Jordan “moderate” and open to 
a dose connection with the United States 
and also, when it became possible, with 
Israel. By hundreds of hours of secret 
summit talks over the years, the two os- 
tensibly hostile countries managed a 
measure of coexistence that Israeli For- 
eign Minister Shimon Feres dubbed “a 
state of war wiLh a wink.” 

The virtually simultaneous decline in 
the regional reach of the Soviet Union 
and Iraq is what liberated Jordan and 
Israel alike to move forward as honest 
partners. Until then, only Egypt had had 
the courage publicly to embrace peace 
with the Jewish state. Once the Palestin- 
ians stepped forward to speak for the 
West Bank, the single largest source of 
contention lying between Israel and Jor- 
dan evaporated. The two of them could 
that get to work on the lesser though far 
from simple issues, including border and 
water, that they seem now to be resolving. 

Israel, addressing the PLO as well as 


Jordan, has been engaged in a form of 
three-cornered bargaining. This is how 
Israel came last summer to explicitly ac- 
knowledge Jordan’s “special” and “his- 
toric” responsibility for Muslim shrines 
in Jerusalem, the better to diminish the 
PLO’s claim to the dty as capital of a 
prospective Palestinian state. But of 
course if Israelis hope for a reliable peace 
with Palestinians, they must deal with 
Palestinian aspirations on the ever more 
crucial Jerusalem issue, too. Peace with 
Jordan offers important rewards, and 
takes Israel to the hard questions of peace 
with a future Palestine. 

— THE WASHINGTON POST. 


Other Comment 
Now It’s Up to the Palestinians 

Six years ago. King Hussein an- 
nounced that Jordan’s claim over the 
West Bank was dissolved. The wisdom of 
that decision has been validated. Now it 
is up to the Palestinians to negotiate with 
Israel on their own behalf over territory 
and sovereignty, as Egypt did earlier and 
as Syria has been invited to do. Had the 
old Arab insistence on unanimity and a 
comprehensive” approach to Middle 
ailed, cl 


East peace prev: 
would be r 


clearly none of this 

i possible. 

President Bill Clinton, who is expected 
to attend next week's formal signing of 
the IsraeUordan agreement, has rightly 
haded it as evidence that “moderation 
and reason are prevailing.” No third 
country has worked harder over the de- 
cades than the United States in behalf of 
this result No thud country can feel 
more grateful for what is being achieved. 

— Los Angeles Times. 



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Monitors Needed to Halt Rwanda 9 s Cycle of Revenge 


W ASHINGTON — As the entire 
world witnessed earlier this year, 
between 500,000 and a milli on Tutsi were 
kdled during six weeks of genocide in 
Rwanda. Despite commendable restraint 
at the outset, it now appears that parts of 
the new Tutsi-based government m Kiga- 
li axe seeking revenge. 

For the past few months, a trickle of 
refugees has been leaving the cholera-in- 
fested camps in Zaire to set out for home, 
only to reappear in camps in Tanzania. 
These refugees have been joined by other 
Hutu at the rate of 400 per day. These 
fleeing Rwandans have abandoned their 
farms at the height of the growing season 
because they arc convinced that their safe- 
ty is guaranteed only in a refugee camp. 

Recently, atrocities have been docu- 
mented by a leading human rights expert 
who was contracted by the United Na- 
tions High Commissioner for Refugees. 
His report concludes that an “unmistak- 
able pattern of killings and persecution" 
by soldiers of the Tutsi -based Rwanda 
Patriotic Front is “aimed at the Hutu 
population.” In the past, this expert has 
released irrefutable reports of human 
rights abuses in Uganda, Somalia, Mo- 
zambique, Liberia and Central America. 


Bv Tonv P. Hall 


Some discount the report, which has 
been embargoed by the UN secretary- 
general, but senior officials at the United 
Nations, the State Department and the 
U.S. Agency for International Develop- 
ment who are familiar with the author’s 
track record are confident of the report's 
veracity and its methodology-. 

Will the international community turn 
its back on the findings and assault the 
methodology, thereby becoming a party 
to increased human suffering? Or will it 
instead take the report seriously and in- 
form both the Patriotic Front in Kigali 
and the Hutu outside Rwanda that the 
cycle of revenge killings must scop, and 
also insist upon the deployment of hu- 
man rights monitors to address both the 
fact and the perception of the current 
atrocities perpetuated against the Hutu? 

If something is not done, the interna- 
tional community will become a party to 
the increased Hu man suffering. As well, it 
will be forced to muster additional re- 
sources for housing, feeding and caring 
for 2 million Hutu refugees. If the world 
chooses a “business as usual” approach 


to deploying hutn? n rights monitors, the 
Hutu population living away from home 
could remain a long-term ward of the 
international community. (Remember the 
Tutsi refugees fleeing from Rwanda who 
were exiled for 34 years before returning 
to take over the Rwandan government?) 

In the past few months, some refugees 
have confided to relief workers that rela- 
tives who left for Rwanda to inspect the 
security situation have not returned, and 
that those who do return bring horrible 
stories of reprisals. 

Many in the international community 
contend that the refugees are being in- 
timidated in the camps by former Hutu 
leaders and are lying to reUef workers 
about the absence of their relatives. 
While intimidation may exist within the 
camps, denial of this human rights report 
only reinforces the refugees’ hesitancy to 
return home. This alarming situation 
for an urgent plan of action. 

The strategy needs to go beyond the 
controversy over the recent report to 
steps that deal with the symptoms of 
somethinggone tragically wrong inside 
Rwanda. This means rapid identification 
and deployment of human rights moni- 
tors who would: (1) conduct a second 


round of investigations to observe and 
stop the atrocities documented in the 
report, that it is correct, and (2) 

whatever the merit of the report, address 
the perception that kilting continues. 

Such steps would save a dual purpose 
in that they would allow human rights 
monitors to freely travel the country and 
inspect the security situation, and would 
also enable the high commissioner for 
refugees to begin repatriation of the 
Rwandans without the fear of reprisals. 

A difficult or expensive UN operation 
is not necessary to accomplish toe above 
goals. If the international community can 
' . — — 1 to Haiti, 


„ r- ah. 

Bosnia or Somalia, finding sufficient hu- 
man rights monitors for Rwanda should 
be simple. The nations of the world estab- 
lished the office of UN High Commission- 
er for Human Rights, and the United 
Nations itself, precisely for these situa- 
tions: wben a nation or region of the world 

is being overwhelmed, and a concerted 
international response is required. 

The writer, a Democratic representative 
from Ohio, is chairman of the Congressio- 
nal Hunger Caucus. He contributed this 
comment to The Washington Post. 


A Toast to the Peace Prize Winners, but Let’s Not Get Carried Away 


N EW YORK — The winners 
of the 1994 Nobel Peace 
Prize have good reasons to allow 
themselves the pleasure and pride 
of accomplishment. 

Wait — the “buts” will come 
soon enough. If Israeli, Palestin- 
ian and American critics of the 
winners refuse them due credit, 
they will harm their own credibil- 
ity and future role in any attempt 
to work out peace on reliable 
terms, if such come to exist. 

Yasser Arafat is the first Pales- 
tinian in history to have the real- 
istic right to say he will bring 
about an independent Palestinian 
state. He almost has it already. 

It is true that without the pre- 
sent Israeli and U.S. governments 
he could not have accomplished 
that. Together they gave him 
more marks of honor, more ap- 
plause and embraces, than to any 
other present Muslim leader, in- 
cluding the king of Morocco, the 
presidents of Turkey and EgvpL 
the sultan of Oman and other 


Bv A. M. Rosenthal 


longtime Muslim friends of the 
West, ail put together. 

This did not come from a sud- 
den thrill of affection for Mr. Ara- 
fat. It was testimony to the Pales- 
tinian determination to fight on. 
Israel’s Labor Party decided that 
giving up strategic territory was 
better for peace than holding on tc 
it At that point. Labor had tc 
muster die talent to do today what 
it had denounced yesterday;' it did. 

Labor gave the Palestine Liber- 
ation Organization the status, con- 
trol and partnership in govern- 
ment that Shimon Peres and 
Yitzhak Rabin had so recernh op- 
posed. The world will not accept 
the idea th3t Israel can give Pales- 
tinians this cup of independence tc 
hold but order Lfcem never to drink 
from it. Labor knows that. 

I think the Nobel people might 
have waited a year, or three, be- 
fore deciding that Mr. Arafat and 
the PLO in no conceivable wa\ 


would ever commit terrorism or 
give comfort to its perpetrators. 
But without quibble he deserved 
a medal of achievement for the 
cause of Palestinian nationhood. 

S him on Peres and Yitzhak Ra- 
bin: Mr. Rabin and the king of 
Jordan sign an agreement for a 
peace treaty. Morocco prepares, 
warmly, for full recognition of 
Israel. Tunisia and other M uslim 
countries move toward it. Maybe 
one day so will Syria, if President 
Hafez Assad does not bore the 
world to death before then. 

Israeli businessmen and diplo- 
mats now deal with Arabs and 
other Muslims in many places of 
the world. Saudi .Arabia and the 
Gulf states talk of beginning the 
end of the boycott. 

None of this would have been 
thought within reach before Mr. 
Peres and his aides, including Uri 
Savir. former consul general in 
New York, went to Oslo to deal 


ap^ro 


with the PLO. Mr. Rabin then 
jroved their agreement, 
rose accomplishments are in 
hand. But — the bill is not. 

Israel's decision to pull out 
from most of the West bank, go 
down from Golan and open the 
road to an independent Palestine 
that could be taken over by a 
militant movement or neighbor 
does not necessarily doom Israd. 
But to say it does not put the 
country at risk is idiotic. 

Mr. Rabin and Mr. Peres once 
said they opposed such steps. So 
did every saving Israeli chief of 
staff, including the incumbent. 

The collapse of communism 
and the defeat of Saddam Hussein 
did lessen the short-term danger. 
But Russia is sweatily eager to 
succeed the Soviet Union as arms 
merchant to Iraq. It sells heavy 
weapons to Syria, where thou- 
sands of Russ an specialists are 
based. China and Eastern Europe 
jostle for the Mideast arms trade. 

Were they all lying, those La- 


bor politicians and Israeli gener- 
als who said that the collapse of 
the Soviet Union did not change 
geography? Until Labor won the 
election in 1992, Likud and Labor 
leaden both said holding on to 
the Golan Heights and the brief 
rallying time provided by the 
West Bank was not a war game 
but the breath of life. 

Terrorism — now they scream 
at Mr. Arafat to stop terrorism 
against Israelis. Mr. Arafat? He 
has enough trouble protecting his 
own skin from terrorists within 
the PLO and from Hamas. 

But Labor was elected by the 
Israeli public. Likud can throw it 
out, and polls show the possibility 
Either way, a toast to Mr. Rabto 
and Mr. Poes — and to Benjamin 
Netanyahu and Arid Sharon, wbc 
better get together real soon if 
they expect Likud to succeed the 
Nobel laureates. Make that one 
for the bunch of them. This is no 
time to get all woozy. 

The New York Times. 4 


On Hiroshima, Truman Was Right and the Revisionists Are Wrong 


W ASHINGTON — In this 
age of rude surprises, none 
is ruder than the weird emergence 
of Gar Alperovitz as chief umpire 
of the Enola Gay controversy. 

The controversy, you may re- 
call, is ova how the Smithsonian's 
Air and Space Museum in Wash- 
ington should frame an exhibit 
marking the 50th anniversary of 
the first use of the atomic bomb. 
The museum plans, in any case, to 
reassemble part of the Enola Gay, 
the B-29 bomba that dropped the 
first bomb at Hiroshima, as the 
centerpiece of the exhibit. 

Planning for this event has re- 
kindled a ferocious quarter-centu- 
ry dispute between revisionist his- 
torians like Mr. Alperovitz and 
mainline historians less infected 
by the new-lcftist fashions of the 
1960s. Appointing Mr. Alperqvitz 
to umpire the latest controversy is 
like recruiting a player's mom to 
umpire the World Series. 

Yet when ABC Evening News 


By Edwin M. Yoder Jr. 


did a piece on the Enola Gay 
dispute SepL 21. here was Mr. 
Alperovitz speaking, .alone, for 
historians. The only rebuttal 
came from several American Le- 
gionnaires. unqualified as histori- 
ans. In my view they happen to be 
right about the issue, but in the 
way that a stopped clock is right 
twice every 24 hours. 

When the Sunday opinion sec- 
tion of The Washington Post ex- 
amined the issue on Oct. 16, here 
again was Mr. Alperovitz, speak- 
ing solo for the historians and 
suggesting that “research find- 
ings" of the past 20 years “can 
help clarify several basic ques- 
tions” about Hiroshima. The 
headline proclaims that there is a 
“historians’ new' consensus," and 
we are apparently to gather that 
Mr. Alperovitz represents it. 

Baloney. Mr. Alperovitz, in his 
1965 book “Atomic Diplomacy” 


and elsewhere, has stubbornly ar- 
gued that by early summer 1945 
Japan was near "surrender and, 
thus, that the use of the bomb was 
unnecessary. It follows, according 
to Mr. Alperovitz, that President 
Harry Truman and his advisers 
must have had a hidden agenda: 
They dropped the atomic bomb to 
intimidate the Russians. The first 
use of the atomic weapon was, in 
oiha words, the first shot of the 
Cold War and intended by Presi- 
dent Truman to be so. 

In his Washington Post piece, 
Mr. Alperovitz rites the historian 
Gaddis Smith to the effect that 
“the derision to bomb Japan was 
centrally connected to Truman’s 
confrontational approach to the 
Soviet Union.” What does “cen- 
trally connected” mean? President 
Truman's approach to the Soviet 
Union in August 1945, while firm, 
was far from “confrontational” 


This argument is at least as 
much ova the ethics of historical 
investigation as it is over U.S. 
strategy in the last phase of the 
war against Japan. 

Most mainline historians take at 
face value the recoDectioos of the 
men who made the derision to use 
the bomb. They believe that Many 
Truman and others thought they 
faced a Japan whose fanatical re- 
sistance at Okinawa, and danga- 
ous supply of kamikaze planes and 
pilots, indicated that its wannak- 
ing zeal remained intact and could 
only be broken by the bomb. 

They may have ban mistaken; 
men differed then, as they do 
now, about the moral issues and 
the strategic uncertainties. But 
this is what they believed 

The objective 50 years lata, at 
the Air and Space Museum and in 
every American history class- 
room, should be to give Ameri- 
cans an accurate sense of the con- 
temporary choices as they struck 


American leaders in the summer 
of 1945. The primary ethical obli- 
gation of historians is to shape 
thdr story to fit the evidence, not, 
as Mr. Alperovitz does, the evi- 
dence to fit tire story. 

Whether or not Japan was 
beaten and might have been “jolt- 
ed" into surrendering by a Rus- 
sian declaration of war, as Mr. 
Alperovitz now argues, is un- 
knowable. What is knowable is 
that President Truman went to an 
honored grave never doubting 
that, based on the alternatives as 
they presented themselves in mid- 
1945 (his main consideration be- 
ing to save the lives of thousands 
of American servicemen), his de- 
cision was the right one and that 
it did save lives on both sides. 

He was right Mr. Alpaovitz’s 
manipulation of historical evi- 
dence, in a sly pose of historical 
neutrality, should not be permit- 
ted to obscure that fact. 

Washington Post Writers Group. 


A President 6 Very Much Perturbed Over the Losses in Okinawa 5 


TTCTASHTNGTON — Harry S. 

W Truman had been president 
for only nine weeks and four days 
on Monday, June 18, 1945, when 
he sat down with his top advisers 
to discuss the planned invasion of 
Japan. Mr. Truman especially 
wanted to know what American 
casualties could be expected in 
Operation Olympic, the code 
name for the first landings, set for 
Nov. 1, to capture Kyushu, one of 
the Japanese home islands. The 
archives are now shedding new 
light on the question. 

An unnamed economist told 
Secretary of War Henry Stimson 
on June 6 that if an invasion 
could be avoided it would “save 


By Chalmers M. Roberts 


500,000 to 1,000,000 lives." But 
attached to the memo was a Joint 
Chiefs of Staff note that this esti- 
mate was “entirely too high." 

What galvanized military lead- 
ers to come up with more precise 
figures was Mr. Truman's call for 
the June 18 meeting. The reason 
for that call was obvious: “I un- 
derstand,” one Pentagon general 
told another in a memo, “that the 
president is very much perturbed 
ova the losses at Okinawa.” The 
bloody battle for that island was 
just winding down, with vivid 
public and military awareness of 
heavy casualties. 


A Geopolitical Reason for the Bombing? 

TX/HY WERE Hiroshima and Nagasaki bombed? There is far less 
YY disagreement among experts about the purported need to use the 
atomic bomb there than many think. As early as 1 946, the official U.S. 
Strategic Bombing Survey concluded that Japan, in all probability, 
would have surrendered prior to Nov. 1, 1945, and would cer tainl y 
have surrendered before Dec. 31, 1945, even if the atomic bomb had 
not been dropped, Russia had not entered the war in the Pacific and 
no Allied invasion had been contemplated. 

S imilarl y, a 1946 War Department Operation's Division study, 
discovered only in 1989, concluded that “the Japanese leaders had 
decided to surrender and were merely looking for sufficient pretext to 
convince the die-hard Army Group that Japan bad lost the war and 
must capitulate to the Allies.” 

President Truman’s “lost" diary, found in 1978, suggests that Mr. 
Truman understood well before August 1945 the point made lata by 
the War Department study; that the powerful “jolt” of the expected 
Red Army attack on Japan in early August would so shock the already 
teetering Japanese that the fighting would likely end. 

Some historians hold that Hairy Tru man feared he would be 
criticized as “soft” on the Japanese if he told them they could keep 
their emperor before using the bomb. Some writers suggest that 
because huge sums were spent developing the new weapon, American 
political leaders found ii impossible not to use it 
Most relevantly, Harry Truman reported in his memoirs that 
Secretary of State James Byrnes told him in April 1945 that “the 
atomic bomb might well put us in a position to dictate our own terms 
at the end of the war.” And the respected Yale historian Gaddis Smith 
speaks for many experts when he says, “It has bees demonstrated that 
the decision to bomb Japan was centrally connected to Tr uman 's 
confrontational approach to the Soviet Union." 

— Car Alperovitz* author of “Atomic Diplomacy." is writing a book 
on the decision to use the atomic bomb. This comment is excerpted 
from an article he contributed to The Washington Post 


In now declassified documents 
in the National Archives, I have 
found many references to casualty 
estimates made before the White 
House meeting. Most were based 
on casualty rates in capturing the 
many Pacific islands and in the 
landings in Normandy. 

A June IS memo to President 
Truman from the War Depart- 
ment’s Joint War Plans Commit- 
tee suggested that taking Kyushu 
would cost 24,000 dead, 105,000 
wounded and 2^00 missing, a to- 
tal of 131,500. This memo was 
frank enough to state that these 
figures “admittedly" were only an 
“educated guess.” 

At the June 1 8 meeting, Gener- 
al George G Marshall, the army 
chief of staff, began with ajustifi- 
cation of a Kyushu invasion by 

766,000 troops. He estimated to- 
tal casualties at 3 1 ,000 in the first 
month alone, similar to losses in 
recapturing the Philippine island 
of Luzon. The navy chief of staff. 
Admiral Ernest J. King, put total 
expected casualties at 41,000. Ad- 
miral Chester A. Nimitz, navy 
commander in the Pacific, ex- 
pected 49,000 casualties in the 
first 30 days. 

What about General Douglas 
MacArthur, now bade in Manil a 
and planning to co mmand the 
invasion of Japan? In an ex- 
change of cables with General 
Marshall, General MacArthur 
said that be anticipated losses 
Iowa than the rate suffered in 
Normandy and Okinawa of “3.8 
men pa thousand pa day.” He 
went on to argue that Operation 
Olympic “presents less hazards of 
excessive loss than any other 
[plan] that has been suggested,” 
apparently a reference to naval 
amphibious operations. 

General MacArthur added 
that the “hazard and loss will be 
greatly lessened if an attack is 
launched from Siberia sufficient- 
ly ahead of our target date to com- 


mit the enemy in major combat.” 

Admiral Wiltiam D. Leahy, the 
president’s chief of staff, said at 
one point that American forces in 
taking Okinawa “had lost 35 per- 
cent in casualties” and that ap- 
plying that percentage to Kyushu 
“would give a good estimate of 
the casualties to be expected.” 
Using General Marshall ’s pro- 
jected force total of 766,000 
would mean casualties of more 
than 268,000. 

Admiral Leahy’s estimate was 
lata dropped, but President Tru- 
man kept referring at the meeting 
to the Okinawa losses. 

Minutes of the June 18 meeting 
are circumspect, but the only note 
of hope amid the gloomy figures, 
it appears, was the potential use 
of the still secret atomic bomb. 

As the meeting was ending, Mr. 
Truman asked John J. McCloy, 
Mr. Stimson's assistant secretary, 


for his opinion. Mr. McCloy made 
a case for telling Japan about the 
bomb’s existence and for declaring 
that the Japanese could keep their 
emperor. The forma was not 
done; the latter was. 

A month after that meeting. 
President Truman, in Germany 
to meet with Stalin and Churchill, 
heard that the “Trinity" atomic 
test at Alamogordo, New Mexico, 
had been a success. 

On Aug. 6 the first atomic 
bomb was dropped on Hiroshi- 
ma; on Aug. 9, another bomb was 
dropped on Nagasaki. Japan 
soon surrendered. American oc- 
cupation forces landed uncon- 
tested and without casualties. 

The writer way a reporter for 
The Washington Post for 23 years. 
During World War II, he served as 
a number of the U.S. Strategic 
Bombing Survey. 


m OUR PAGES: 100, 75 AND 50 YEARS AGO 


1894; Free Trade Needed 

PAMS — [The Herald says in an 
editorial;] Efforts are bong made 
to break down the artificial barri- 
ers erected between the com- 
merce of France and the com- 
merce of Switzerland and Spain. 
Whether France has or has not 
treaties of commerce with Spain or 
Switzerland is not a matter of gen- 
eral interest. The striking point is 
that the great and the lesser Pow- 
ers of Europe, after having tried a 
policy of protection for a year or 
two, seem inclined to give it up. it 
Is to be hoped that the time is not 
for distant when Governments will 

understand that free trade is as 
necessary to the development of 
peoples as political freedom. 

1919: Appeal toWomen 

NEW YORK — Reducing the 
□umber of style changes in dress 
from eight to six annually, is an 


appeal to be sent out to women of 
the united States, which appeal, 
u ts expected, will deal a body- 
blow to the high cost of living. 
This action was taken by a con* 
ference called by Mr. Palma, At- 
torney-General of the United 
o tales, which is examining the 
causes of the present high cost of 
hying and seeking a remedy for 

JS £5®?* conference fcn> 
mutated the appeal to the women m 
* Amenca 10 economy 
and reduce extravagance. 

1944: Reich in Peril 

OUT N# . 

.°r ®jjK»on:]OId men and boyfe 
and *f need be women and \ 
were ordered to defeat' 
SS#**? with 8UDS * SWO'kH- 

g* 1 *! thc P forSn rtTl 

SKJ*®* gysrd for a tas£ 
mtch defense erf the Reich. s. 










fR 


IWTER3VATIONAL HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 

O P I N I O N 


Page 9 


ei ’etb, 


*** : ,v 

V'ffrt*. ■■« i\v 


i The Old Roots of Vichy Still Feed France and Europe 

Ip AMS — The debate over By William Pfaff forever on memories and bitter- society today. National sod 

U. Vichy has taken a new turn J ness ” Y#»t fhi» rmfimrifv r\f Vi- find sriwinmip niilimr is w»r ■ 


JAAJa — ine debate over 
. Vichy has taken a new turn 

in France since President Fran- Charles de Gaulle's deliber- a handful erf collaborators and 
jjois Mitten and acknowledged ate (and cynical) policy in 1944 traitors. Mr. Mitterrand today 
£he extent of his involvement and afterward was to treat the justifies his actions blocking 
wi th M arshal Philippe Petain’s French as if they had all been certain trials of Vichy officials 
wartime regime. The idea is part of the Resistance — all but by saying that “one cannot live 
widely held abroad that the 
^French have failed to confront 

jThis is not j true. Since the ^ 

Faxtcm broke die silence in / 

1972, with ins study of the Vi- / 

chy state, there has been con- \Vu\lll 

j There have been films — Vk j] lil Ml 

1 ‘Lacombe Ludcn,” “Shoah,” 

‘Monsieur Klein,” "Au Revoir / 

es Enfants” among those / / / '^FVuY 

known abroad — and many { \ \ JPJJJ 

books, including a recent a©- -4 \M * ry 

count (by Henry Russo) of how , " M 

the memory of Vichy has itself f y^W 

iwolved dining the postwar pe- ¥ 

riod (“The Vichy Syndrome,'’ f 1 JV Jf 

published in the United States / / W r /A. 

by Harvard University Press). N \ 

{ A weekly program cm the \ \ / 

Fremcb-Gtainan cultural televi- f V 

sion channel Arte has since 

j!990 presented the wartime /^TQjw^JV 

newsreels shown in theaters ex- ^ r WMM\ 

petty 50 years before, with com- iWl^ f W M A 

mem by historians, and Vichy’s JfKJntW MfM MM M 

newsreels have been part of ^ Mm a m. Mt w . wt 

this, with all of their shameful lmMMM9S(mm/wM w w M 

evasion of the realities of the (Ls\\ Mm M/ 

war and their nauseating syco- yA cO ^BBfgMr a # Mm MM 

phancy toward the marshaL J | ^^^~.Mm mM¥jm 

• The new development in re- 

cent weeks has been an empha- ■ I 

sis On the continuity of past 

with present, which Mr. Miner- tf 

rand and many of his genera- a wn*n syndic 

tion have stubbornly denied. “ 

Yet Vichy was the product of 

intellectual and political forces 19 n 7 n D 

very important in prewar JUMSTTOTUl S maBCOTQ, J/€S€TV€S Better 
France, which since have influ- _ 

talced not only what France has TPO TALK about Francois Mitterrand is to start a never ending 
jbecome but the European com- A discussion of French psyche and history. Not everyone be- 
munity as well. lieves that he is getting his deserts. 

j The president continues to Mr. Mitterrand has kept the tradition of the role of the intellect 


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forever on memories and bitter- 
ness.” Yet the continuity of Vi- 
chy France with prewar France 
is evident in Mr. Mitterrand’s 
own prewar and wartime posi- 
tions and writings, as they now 
have been revealed. 

These are like those of many 
of his contemporaries, and lie 
entirety within a certain French, 
but also European, movement of 
romantic nationalism and rejec- 
tion of the internationalism and 
“sterile materialism” of prewar 
bourgeois democracy. 

Originally German, this in- 
tellectual tradition developed in 
France after its defeat by Prus- 
sia in 1870. A new cult of na- 
tional unity appeared, critical 
of democracy, emphasizing a 
connection between blood and 


society today. National social 
and economic policy is set in 
consultation with the “social 
partners." Much of the econo- 
my still is dominated by the 
state, precisely because many 
on both right and left see capi- 
talism as socially irresponsible. 

French society today atta- 
ches much higher prestige to 
the state service, considered 
disinterested custodian of the 
nation’s interest, than to poli- 
tics or business. The pinnacle 
of France’s educational sys- 
tem, the grandest of its “gran- 
des ecoles,” is the National 
School of Administration 
(known by its French initials 
ENA), founded by General de 
Gaulle, whose graduates run 
the most important of France's 


Keeping Dear Leader’s Score 


land, the primacy erf comm uni- private as well as public insti- 
ty over “hedonism” and selfish tutions — and which had a 
individualism, the necessity for predecessor in Vichy’s School 
sacrifice for the nation — and for National Cadres, 
hostile to the foreign and inter- This is why it is absurd to 
nationalist ideas and values as- pretend that Vichy has nothing 
socaated with Jews, Freemasons to do with the history of the 
and Communists. French Republic. It was a pro- 

The influences on Vichy were duct of intellectual as well as 
not only reactionary and na- political forces influential 
tionalist. In the 1 920s and 1 930s throughout Europe after World 


social Catholic ideas were im- 
portant, concerned with protec- 
tion of workers, the responsibil- 
ities of employers and the need 
for institutionalized coopera- 


War L Some of these forces still 
affect not only contemporary 
France but what the European 
Union has become. 

Thus Brussels’s corporatism. 


tion by unions, employer emphasis on disinterested teeb- 
groeps and the state to set na- nocratic administration and 
tional goals, national economic distrust of totally uncontrolled 
policy, wage levels and social market forces, reflect these in- 


policy. This “corporatism” was 
meant to replace “anarchic” in- 


fluences. The forces that made 
“Europe” what it is include 


lURMjUflBRUIl 0 dividualism and put hmiis on some of those which made Vi- 
caioooixBa Womsyadicue. the greed of capitalism- chy what it was, and which 

“ Vichy was in part the product made France what it has be- 

of all these ideas. It was indeed come. The past, as always, is 


very important in prewar 
France, which since have influ- 


Mitterrand’s Record Deserves Better 


of ah these ideas. It was indeed 
quasi-fascist, anti-Semitic, and 
collaborated in the Final Solu- 
tion. But there was also a divi- 


onty what France has ' I ' O TALK about Francois Mitterrand is to start a never ending ^on between its colla bora ti em- 
it tnc European com- T discussion of French psyche and history. Not everyone be- or r eac tionary right and 
well. lieves that he is getting his deserts. those others — like Mr. Mitter- 

esident continues to Mr. Mitterrand has kept the tradition of the role of the intellect ^ _ who saw yjehy as an 

jrmi& t that Vichy has nothing to at the highest levels of French society. _ opportunity for a nationalist 

do with the history of republi- He proved himself to be a consummate politician and was “national revolution.” Many of 

" even though It was particularly noted for his tendency to desert friends who proved to the latter, again like Mr. Mitter- 
ment of the defeated be inconvenient. Even with these traits, the Mitterrand chapter is a i a t*r joined the Resis- 

lublic which voted f ull distinguished one in the postwar history of France. tance b ecause they became dis- 


come. The past, as always, is 
still present 

International Herald Tribune. 

® Los Angeles Times Syndicate. 


P YONGYANG — The 
first hole at the Pyong- 
yang Golf Club is a 340-meter 
(370-yard) dogleg par four, a 
severe test of skill even for a 
Greg Norman or a Jack Nick- 
laus. It was a cakewalk for 
North Korea's “Dear Lead- 
er.” Kim Jong 13, when he 
gave “on the spot guidance” 
not long ago at the country's 
only golf club. 

“Dear Leader Comrade 
General Kim Jong LI, whom I 

MEANWHILE 

respect from the bottom ol 
my heart, scored two on this 
hole,” said the course profes- 
sional. Park Young Man. 

Clearly, the mysterious 52- 
year-old son of the late 
“Great Leader” Kim E Sung 
is a hero of the golf course as 
weO as of the nation. 

Mr. Park, who confessed to 
having never heard of Arnold 
Palmer, explained that the 
Dear Leader shot a 34 over 18 
holes, including five holes-in- 
one, and did no worse than a 
birdie on any hole. 

“He is an excellent golfer,” 
Mr. Park said. 

If North Korea is in the 
dire economic straits that the 
world suspects it to be in, one 
possible solution might be 
this: Launch the Dear Leader 
on the professional golf tour. 

The reports of ms recent 
golf outing illustrate the 
lengths to which North Ko- 
reans go to deify the family 
that has ruled the country in 
the name of socialism for five 
decades. Indeed, in a week of 


By Eric Ellis 


traveling with tour guides- 
cum-secret police, this was 
one of the less incredible of 
the assertions I heard. 

Official propaganda has it 
that the two Kims are respon- 
sible for everything from the 
morning sun and harvest rain 
to world peace and the Mona 
Lisa (not, however, for the 
moon landing; no ordinary 
citizen of North Korea yet 
knows that there has been 
such a landing). 

This is a nation of roads 
without cars, restaurants with- 
out diners and chimneys with- 
out smoke. 

It seemed an image of rural 
harmony in developing Aria 
— a woman riding a push-bike 
beside a paddy field where 
peasants were harvesting, rice. 
But (he bicycle carried two 
oversized loudspeakers blaring 
a jaunty revolutionary song: 
“Kim Jong 11, you are' our su- 
preme co mman der; with you 
we wiD win a great victory.” 

Her task was to ride up and 
down a single short stretch of 
road outside Pyongyang for 
eight hours a day, every day. 
Toe speed of the woman’s ped- 
aling directly determined the 
tune of the song, like a dyna- 
mo powering a bicycle head- 
light. If she slowed^ the song 
slurred, and in North Korea 
nothing is permitted to stop 
the revolution. 

China seems positively lib- 
eral compared with North Ko- 
rea, where the economy has 
contracted by 4 to 5 percent a 
year since 1990. North Korea 


also has a history of failing to 
repay its debts. 

Inis is doubtless one rea- 
son there is tittle obvious for- 
eign influence in the country. 
Die doctrine of juche, or self- 
reliance, promoted by the 
Kims, has forced North Ko- 
reans to do almost every- 
thing themselves. The result: 
shoddy output — a Commu- 
nist specialty — and not 
much of it. 

The average shop in North 
Korea has no foreign goods. 
In hard currency stores, 
where privileged foreigners 
and party potentates shop, 
Chinese goods are consid- 
ered luxuries. 

There is clearly a severe 
energy shortage'. At 6:30 
P.M., apartment lights in 
Pyongyang come on auto- 
matically, illuminating the 
portraits of the two Kims 
that every household and 
public building is obliged 
to display. At 10 P.M. the 
lights go off. 

North of Pyongyang in the 
International Friendship Ex- 
hibition Center, an eight-sto- 
ry building of traditional Ko- 
rean design, there are 
displayed no fewer than 
73,035 gifts to Kim II Sung 
and 29,831 to Kim Jong 11. 

Alongside it, a museum is 
being built to house new gifts, 
apparently in preparation for 
many years of rule by the 
younger Mr. Kim. 

77je writer, Asia correspon- 
dent for The Australian Finan- 
cial Review, contributed this 
comment to the International 
Herald Tribune. 


do with the history of republi- 
can France, even though it was 
the Parliament of the defeated 
Third Republic which voted full 
powers to P6tain. This attempt 
;to cut those four years oat of 
French history obviously has 
served those with things to hide, 
bnpt it was also a means to re- 
unite postwar France. 


stmguished one m the postwar history or France. tance because they became dis- 

He shared with many French the tendency to play along with flhirioned with the regime. 


the Vichy regime before he entered me rams oi Kesistance Nonetheless, many of theii 
fighters. It is bis misfortune that the past is now being aired as he ideas about national communi- 
fights with cancer. He deserves to be remembered for his other jy ^ national service reap- 
conlribuuons to his country. peared after the war. France is 

— S. Nihal Singh, writing in Khaleej Times (Dubai). in many respects a corpora tisl 


before he entered the ranks of Resistance Nonetheless, many of theii 


The IHT/Delta Air Lines 
Destinations Competition 


peared after the war. France is 
in many respects a corpora tisl 


LETTERS TO THE EDITOR 


-Hie Bomb, Hien and Now 

Regarding '‘A Humiliating Smithsonian 
Retreat From the Facts of Hiroshima” 
(Opinion, Ocl 12) by Kai Bird: 
t . As one who has been responsible for 
| more than one exiribit nPthe Smithsonian's 
Air and Space Museum, I was surprised to 
i read such a misunderstanding of the pur- 
Ipose of museums. 

! A stopped watch is perfectly accurate as 
| to the time at which it stopped. President 
■Harty Truman and others gave, at that 
•precise moment in tune, their reasons for- 
dropping the atomic bomb on Hiroshima 
and later on Nagasaki. As we reflect on 
{that one paint in time it is perfectly accu- 
rate (i.e. historically correct) to report what 
.was said then, reported then and written 
jthen — Hked the stopped watch. Any rea- 
soning based on subsequent musing, re- 
flections or third-hand comments, or biog- 
raphers’ interpretations of what was meant 
iat the time — are pure speculation and 
♦perhaps best confined to academia, 
j* In any case, such didactic arguments 
[have no point in a museum of history. Such 
Khscussions should not infil trate their way 

B what should be, after ah, a pure (fac- 
recoDection of precise moments of 
«st. Let’s not allow a resetting of the 
fwatch to our epoch in a way that some 
{people may feel is more morally correct. If 
fwe allow such changes, we will continually 
3iave to adjust “history” as our perspective 
Jalters. How, then, will anyone be able to 
iremember the starting point unless it is 
^reflected somewhere accurately? Surely 

I that is the purpose of museums. 

PETER RIVA. 
Wassaic, New York. 


do so, this would have meant the deaths 
of 5 million to 10 million Japanese sol- 
diers (and perhaps as many civilians). 


moved from bad historic conscience to a 
fairly widespread genuine effort to under- 
stand Jews and Judaism and to combat an ti- 


Thus, without the bomb, Japanese losses Seatilism. This is the result of individual as 


could have been something like 5 million to 
20 million hves-Flease, try to visualize it 
• • 1 . • -“-ROGER GODEMENT. 

Paris. 

Whether likely casualties in an invasion 
of Japan would have been one million or 
“only” 46,000 will never be known. But the 
experience in Okinawa, where horrendous 
mili tary and civilian casualties took place, 
should provide some basis for estimating 
likely results on the main islands. Why 
would such an invasion there be different? 


well as organizational endeavors, which 
have their roots in the immediate post- 
World War II years, when a German Coor- 
dmating Council of Chris lian-Jewish dia- 
logue groups, DKR. was set up. This was 
among the handful of founding bodies of 
the International Council of Christians and 
Jews, whose executive committee I chair. 

Anti-Semitism is no longer an evil to be 
excised only from Germany. It has become 
a European responsibility to ensure that 
anti-Semitism, the oldest known malady of 


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aiwsurauimvisKm mere wuiucreni.' prejudice and hatred, be eliminated. 
As far as the surrender being under way K 


before Hiroshima, perhaps Kai Bird 
should have mentioned the touch-and-go 
situation in early August (after the bomb), 
whoa the fortunate inability of coup lead- 
ers to find the emperor’s surrender record- 
ing prevented the re-establishment of a 
hard-line military government 

GEORGE TAUCHER. 

Lausanne. Switzerland. 

In No Position to Knock Bush 

The front-page story “Where Bush Dal- 
lied in ’90, Clinton Leaps Into Breach” 
(Ocl Ilf is an exercise in delusion. 

Had Bill Clinton been in the White 
House in 1990, he would have sent Jimmy 
Carter to surrender in Baghdad and Cyrus 
Vance to negotiate a southern Iraqi border 
just north of the Gulf of Aden. 

A president as commander in chief, has 
a sacred covenant with his troops to place 
them in harm's way onty if he must For 
anyone in the current administration, lad- 


I , u en as it is with beDowing buffoons whose 

i c youthful service to their country entailed 

\Err: The Bomb Was to Sa*e Lives, _ Op ^ ^ English moors, to criticize 

nvL- George Bush for not expending American 


iBob^m^diedinra^ok^ 

deaths, man y of them suicides.’’ Putting iur i 

the civilians aside, that means military Manila. 

losses of roughly 10 Japanese for each AntirSemitism in Europe 
American lost This is confirmed by the u i 

'global result of the Pacific war: There “Anti-Semitism Among Germans Is 


action, and 


'global result of the Pacific war: There “Anti-Semitism Among Germans Is 
; were about 900,000 Japanese military Found ala Postwar Low of 15%” reports a 
, deaths as the result of u.S. action, and Reuters dispatch published in your edition 
t about 100,000 American ones. of Sept 6. Admittedly, one can prove any- 

I Accordin g to Mr. Roberts, Harry Tru- thing with statistics, and some would 
I man u ged the bomb to prevent “an Old- maintain that the figure of 15 percent is a 
| nawa, from one end of Japan to the oth- highly optimistic assessment What is more 
jer,” Now, assume that an invasion would important however, is the very fact that 
f have cos! “500,000 to 1 million American anti-Semitism is openly discussed in the 
t lives,” as General Marshall concluded German media these days and that after a 
I from extrapolating the losses in Okinawa, half-century of teaching and an effort to 
lExtranolatme a step further, if one may confront history honestly, Germans have 


.about 100,000 American ones, 
i According to Mr. Roberts, Harry Tru- 
1 man used the bomb to prevent “an Oki- 


{ fr om extrapolating the losses in Okinawa, half-century of teach 
(Extrapolating a step further, if one may confront history hon 


SIGMUND STERNBERG. 

London. 

A Full Cargo of Paperwork 

Regarding the report “ Cargo Door Broke 
Off, Ferry Videotapes Show” (Oct. 4): 

Immediately fallowing disasters such as 
befell the ferry Estonia, swarms of investi- 
gators find cracks in bow-door frame sup- 
ports, “inexcusable” ship conditions, 
sheared pins and more. 

After the Herald of Free Enterprise acci- 
dent, “new improved procedures, for such 
ferries included making entries into the 
ship's log and installing video cameras to 
police and monitor bow-door integrity. 
Undoubtedly, engineers have had many 
competent short- and long-term solutionis 
on their drawing boards since the Herald 
disaster, waiting for some cumbersome of- 
ficial committee to advise, revise, devise 
and finally compromise. 

I am sure families of the Estonia’s vic- 
tims are comforted knowing the ship went 
down with its paperwork in order and 
video cameras ablaze. 

ERIK LAWRENCE. 

Prangms. Switzerland. 

10 on the Richter Scale 

Regarding “Creme de la Creme: The Ver- 
dict Is In” (OcL 17) by Patricia Wells: 

Patricia Wells takes us to new gastro- 
nomic heights with her world’s 10 best 
restaurants. But I'm not sure what kind of 
sensory experience to expect when I get a 
chance to try Joel Robu chon’s “explosive 
macaroni gratm” — after the reviewer ale 
it, “the earth really did move" beneath her 
feet. Mara Martin’s “landmark cuttlefish 
risotto” in Venice also caused the floor to 
tremble, we are told. Are these two dishes 
what is meant by “tectonic plates"? Do we 
dare eat them sitting down? 

FRANCIS M. S. PEEL. 

Geneva. 


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International Herald Tribune 
Wednesday, October 19, 1994 
Page 10 


STAGE '/ENTERTAINMENT 


Is Bryn Terfel the Wotan of the Future ? 


By John Rockwell 

Sew York Times Service 


N EW YORK — “Why is every- 
one so interested in Wotan?” 
asked the Welsh bass-baritone 
Bryn Terfel with an uncharac- 
teristic touch of coyness. Well, Bryn, here's 
why, as if you didn't know already. 

This strapping young man, who turns 29 
next month, has for several years been the 
most talked- about singer of his generation 
in the music business (though not among 
the broader public, at least not yet; Cecilia 
Bartoli holds that crown). 

Matthew Epstein, the Columbia Artists 
Management vice president who recently 
resigned as general director of the Welsh 
National Opera, calls him “the most ex- 
traordinary artist I have come across in the 
past decade.” James Levine, the artistic 
director of the Metropolitan Opera, also 
calls Terfel's voice extraordinary, and 
praises his “tremendous psychological in- 
sight” into every new role be sings. 

To date the signal successes of Terfel 
have been in Mozart operas and German 
lieder, and he will try to extend them in New 
York debut appearances as the tide charac- 
ter in “Le Nozzedi Figaro” at the Met; in a 
song recital with Levine at Alice Tully Hall; 
and as LeporeHo in “Don Giovanni” (with 
Leopold Hager conducting) at the Met. 

He has also enjoyed triumphs in the mu- 
sic of the post- Wagnerian Richard Strauss. 
Yet it is in the sonorous majesties of Wag- 
ner that the operatic world wants most to 
hear from him, particularly in the role of 
Wotan, the chief god of the “Ring" cyde. 

Wagner lovers apparently will not have 
to wait long, despite the cautionary words 


of Terfel's close advisers, like Levine and 
Epstein. Although he has yet to ring any 
major Wagner roles on stage, Terfel has 
already toyed with (but ultimately de- 
clined) two “Ring” cycles in concert. 

His recording of music from "Tann- 
hsuser” and “Die MejstersMger" with Clau- 
dio Abbado and the Berlin Phil har monic on 
a recent Deutsche Grammophon disk 
perked up Wagnerian ears everywhere. 

A visitor arriving at the Manhattan Cen- 
ter in New York for a conversation with 
Terfel only to discover that the recording 
session was ru nnin g an hour longer than 
advertised, was invited into the control 
booth to hear what was next on the docket. 

There, in the television monitors, were 
Levine, his signature towel over his right 
shoulder, and Terfel, in a blue T-shirt and 
jeans, his long brown hair hanging in limp 
Strands. 

The two, along with a herd of Met musi- 
cians, were poised for their Erst complete 
run-through of the Flying Dutchman's in- 
troductory monologue, “Die Frist ist urn.” 
Probably no other Wagner number before 
Wotan’s actual music comes as dose to its 
artistic demands — intensity, tragic weight 
and the sheer firepower required to compete 
with a thundering orchestra — as this piece. 

Terfel tore into it with savage fury, giv- 
ing his all. His German was perfect. (Deut- 
sche Grammophon’s language monitors 
noted two “errors” for subsequent patch- 
ing, but Terfel later said proudly that they 
had been wrong.) His phrasing was utterly 
idiomatic, natural yet full of personality. 
Above all his voice seemed to have been 
designed by a. higher power to sing this 
music: rich in timbre, focused in tone, 
nearly ideal in range. (The bottom couple 


of notes of the aria will (111 out with age.) 

Many bass-baritones are in fact uneasy 
compromises, lacking not only a properly 
cavernous low end of the range but also the 
ringing top notes of a true baritone. Terfel 
sounds like a baritone who happens to 
have an unusually dark voice. 

At the end of “Die Frist ist urn,” the 
producers in the control room shook their 
heads in awe. Levine beamed. And the Met 
musicians, who have heard a singer or two 
in their day, broke into applause mixed 
with cheers; no polite tapping of bows on 
music stands here. And that, Terfel, is why 
everyone is so interested in Wotan. 

Terfel was bom Bryn Jones; he adopted 
his middle name, Terfel as his surname, 
since a singing Bryn Jones was already 
registered in wales. His hometown, Pantg- 
las (Blue Gorge, in Welsh), is small, with 
the nearest house "two fields away" from 
his own. 

T ERFEL'S career, while propelled 
by word of mouth, was given a big 
boost by two competitions, 
though not, as legend insists, by 
outright victories in both. He won the 
Kathleen Ferrier Competition. Britain’s 
most prestigious, in 1988. 

A year later, he joined the lists for the 
Singer of the World competition in Car- 
diff, where he placed second, after the 
Siberian baritone Dmitri Khvorostovsky. 
Some grumbled that a Welsh competition 
had gone out of its way to avoid charges of 
favoritism by not giving first prize to a 
Wels hman, but Terfel says the judgment 
was fair. 

Still, the prominence accorded him in 
the Cardiff competition attracted atten- 


tion in the music business. — Sir Georg 
Solti and Giuseppe Smopoli both invited 
him for auditions — and Ms career took off 
spectacularly. 

By now, a mere five years later, he has 
sung at nearly every famous opera house in 
the world. He has also recorded frequently, 
and he boasts an exclusive contract with 
Deutsche Grammophon (although he has 
made a few disks with Sam, a small Welsh 
label including a much-sought-after 
“Schwanengesang" and a couple of Welsh 
projects to come). 

The only thing that has put any kind of 
brake on Terfel’s career has been Terfel 
himself. He resists repertory he considers 
premature, despite the importuning of im- 
presarios; hence no Wagner to speak of 
thus far. And he keeps a check on the 
temptation faced by jet-setting vocal su- 
perstars today to overextend themselves. 

As far as Wotan is concerned, Terfel has 
already turned down (after serious consid- 
eration) the chance to do the “Ring" in 
concert with Sir Charles Mackerras in 
Australia and with Sir Colin Davis and the 
London Symphony in London. 

Tve no space now in my calendar until 
1997," he said. “That gives me another 
three years. After that I think I would 
consider doing a ’Ring,' but I would like to 
do it gradually. There are no negotiations 
right now. Most of the big companies have 
new ‘Ring* productions already, although I 
just read m Opera News that the Met 
wants to do a new 'Ring*." 

John Rockwell, a longtime music critic 
and cultural correspondent for the New York 
Times, is director of a new summer arts 
festival at Lincoln Center. 



Dignity for Surfing: Bruce Brown’s Wave 


By David Tracey 


S ANTA BARBARA, California 
— Bruce Brown spent the sum- 
mer of 1994 recuperating at 
home. For two years the icono- 
clastic filmmaker swam with the studio 
sharks in Hollywood to make "Endless 
Summer II,” a S3.3 million sequel to his 
classic 550,000 documentary that cele- 
brated surfing 30 years ago. 

The new version was favorably re- 
viewed in the United States, where it sold 
enough tickets to please its backers at 
New Line Cinema, and is now slated for 
feature or video release from Europe to 
South Africa. But the success has hardly 
gone to Brown’s head: He’s swearing off 
Hollywood films for good. “Ever since I 
started out people have been telling me, 
‘You have to move to Hollywood or 
you’ll never make it in the film business.' 
I'd rather live in an extended trailer with 
no one around than in a mansion in 
Beverly Hills with 90 servants. That’s the 
surfer mentality. It’s a question of priori- 
ties. A surfer will get some money and 
go, ‘Now I can take some time off and go 
surfing.'” 

Brown, who lives on an isolated coast- 
al ranch two hours north of Los Angeles, 
added: “A lot of surfers have figured out 


ways that allow them to live the lives they 
want to live. Those are the people I 
admire, and that's the reason I live here.” 

Brown’s good-natured diatribes — 
they’re punctuated with sly grins — are 
more than just talk. They reflect the way 
he's lived ever since creating his indepen- 
dent film career in the 1960s. His earliest 
8mm scenes of surfing were shown in the 
back of a California surf shop at 25 cents 
a head. He then showed his movies in 
rented halls up and down the West 
Coast, splicing footage together in the 
back of a Fora van and providing the 
narration live. 

He quickly learned "what works to 
make audiences laugh and what works to 
mak e them throw things at you," honing 
a comic delivery that would later set the 
tone for the “Endless Summer." But he 
didn't think of bringing his work to a 
larger audience until Hollywood started 
making surfing movies with Frankie Av- 
alon. 

“Surfers of the day — and there 
weren’t many of us then — used to hate 
those Beach Blanket Bingo movies. We 
didn't think they were funny. That dumb 
stereotype was insulting. I always 
thought surfing was a great sport and 
surfers were interesting people, so it kind 
of became my mission to show it on film. 
It was never my intention to popularize 


surfing, just to give it some dignity along 
with the other sports. When I was young, 
people used to think that surfing was 
something we wouldn't do once we'd 
grown up. Everybody’s parents thought 
that when we were 30 we'd realize the 
error of our ways.*’ 

Brown targeted the public — rather 
than just surfing enthusiasts — with the 
original "Endless Summer” (1966), a 
documentary of two Californians who 
travel the world in search of the perfect 
wave. It was a huge hit. selling S30 mil- 
lion in tickets while striking a chord 
among a generation of young people. 

“Endless Summer" helped define the 
powerful mystique of the surfing lifestyle 
— a fun. mildly rebellious quest for free- 
dom — that still influences the sport. 

ROWN turned down requests 
to make a sequel (“why do the 
same thing twice?”), and waited 
seven years before filming “On 
Any Sunday,” a documentary about mo- 
torcycle racing that was nominated for 
an Academy Award in 1971. 

Brown’s independent filming style for 
“Endless Summer II” inevitably clashed 
with the big studio approach. 

In spite of the difficulties, the result 
was praised by land-bound critics and by 


B 


surfers. “Thank God it’s Brace Brown’s 
vision of surfing that’s filtering through 
to the world," said Steve Hawk, editor of 
Surfer magazine. "He captures the beau- 
ty. the fun and the goofmess of the sport 
that has defined my life” 

The sequel with the ongoing message 
that the world is full of rewards for 
anyone willing to follow his dreams, also 
shows that surfing in the ’90s is now 
global and multigenerational 

Tm real proud of the fact that surfers 
are now found in all walks of life,” 
Brown said. “You can go to court these 
days and the judge will be a surfer. You 
might even get a lesser sentence for your 
parking ticket.” 

He is still unhappy with Hollywood's 
portrayal of surfers, though, who tend to 
be stoned wave-slaves, but he isn’t inter- 
ested in making any more feature films. 
The mantle has been passed to his son 
Dana, his partner for “Endless Summer 
II” and the main reason he agreed to do a 
sequel. 

The senior Brown says his more imme- 
diate goal at 56 is to get back into surfing 
shape "so I can at least paddle out with- 
out wheezing.” 


David Tracey is a free-lance writer. 


Kurt Rydl and Gabriele Schnaut in "Gotterdammerung. ” 

The 6 Ring ’ in Paris: 
Don’t Mind the Boos 


MoiriWiUt Rfiboo 


By David Stevens 

International Herald Tribute 


P 


Poetic Splendor, or an Evening With a Drunk 


By Sheridan Morley 

International Herald Tribune 


L ONDON — Already widely ac- 
claimed at the Edinburgh Festi- 
val Tom Courtenay now comes 
to the Garrick with “Moscow Sta- 
tions," the solo show that has brought him 
back to the very height of his considerable 
form. Based on an autobiographical novel 
by Venedikt Yerofeev, these notes from 
the underground are the rambling and ran- 
dom memoirs of a lifelong drank perma- 
nently high or rather low on a lethal mix of 
beer, paints tripper, lilac perfume and sock 
deodorizer, presumably shaken but not 
stirred. 

Courtenay’s mesmeric, despairing 
tramp, touring the railway stations of out- 
er Moscow in search of his own lost soul 
and sometimes even that of his Brezhnev- 
era nation, is bleakly brilliant and often 
almost unbearably touching in its gently 
lyrical defeat 

The monologue is a constant rebuke to 
those who believe that it is no fun to spend 


an evening in the company of a chronic 
alcoholic. Courtenay’s wide-eyed disbelief 
is at a world that could have reduced him 
to this state of vagrant chaos, while all he 
ever wanted to do was to find the station at 
the end of the line which can still offer 
birds and flowers and some sort of Great 
Good Place which in Brezhnev’s Moscow 
proves unsurprisingly tricky to locate. 

Out of the detritus of this man ’s nonlife, 
Courtenay drags a kind of poetic splendor, 

LONDON THEATER 

a woozy grandeur wMch should win him a 
fair raft of the 1994 actor-of- the- year 
awards in the months ahead. 

The crucial importance of Sid Field, as 
recaptured ably by David Suchet in “What 
A Performance" at the Queens, is that he 
built a bridge between the old stand-up 
comics of the Max Miller generation before 
him to the comic actors who were then able 
to follow him. Field showed that it was 
posable to play characters in sketches rath- 
er than variations on the old stand-up gags. 


Field's life and work were shortlived. 
Corrupt and inefficient career manage- 
ment meant that be did not reach London 
from the provinces until 1943, and by 1950 
he was dead of a heart attack at only 45. 
His few films were disastrous and there is 
almost nothing left now save a few crack- 
ling radio broadcasts. 

Out of those, and a biography or two, 
William Humble has pieced together a bio- 
drama of considerable dexterity, through 
which Suchet careers with superb physical 
energy. 

Time and again over these last 20 years 
it has been Sam Walters out at the Orange 
Tree in Richmond who has rediscovered 
lost classics that appear to have missed the 
attention of entire literary departments at 
the major subsidized companies, and now 
he has another. “Dr. Knock” was written 
by Jules Remains in 1923 and became a 
fixture of regional and touring theater in 
Britain up to World War n, whereupon it 
vanished almost totally. 


nel given that it seems to me the funniest 
play about medical quackery since Mo- 
li fere’s "Le Malade imagmaire.” 

The plot is simple enough: into a commu- 
nity of happy, reasonably healthy townsfolk 
somewhere in pastoral France erupts the 
strangely sinister Knock. He buys a medical 
practice, and within days convinces the 
community that they are suffering from a 
multitude of bizarre ailments which he 
alone can cure or indeed spelL Like Chap- 
lin’s “Dictator,” “Knodr is a terrifying 
glimpse of prewar fascism in Europe ana 
the ease with which apparently intelligent 
and caring people could be made to aban- 
don all their beliefs simply by a traveling 
charlatan with the gift of the gab. 


ARIS — Somewhere in his volu- 
minous writings on the subject. 
George Bernard Shaw suggests 
that Ms ideal way of experiencing 
Wagner's “Der Ring des Nibelungen" 
would be to sit in the back of a theater box 
with his feet on a chair, listening but not 
watching. 

When the curtain fell on the ThcSirc du 
Chitelet’s first of five planned “Ring” cy- 
cles, after a long summer's halftime break, 
it sounded as if most of the audience 
shared the sentiment. The ovations went to 
the conductor Jeffrey Tate, the Orchestra 
National dc France, and the strong cast of 
singers. The almost ritual chorus of booing 
fell on the head of Pierre Strosser. the main 
author of this production’s visual aspects. 

It was not fair, of course; it rarely is. Yet 
Strosser' s resolutely minimalist staging 
and sets, dispensing with most of the arti- 
facts and all of the mystification, has the 
virtue of leaving a great deal to the imagi- 
nation. Most of Wagner's more extrava- 
gant stage instructions are simply impossi- 
ble anyway, and in the most celebrated 
"Ring” staging of the last half-century, the 
composer's grandson ignored them and 
worked wonders mainly with lighting. 

No one complains anymore if Briinn- 
hilde does not ride a horse into Siegfried's 
funeral pyre, but the folks still want their 
dragon, even if the beast is only negative 
publicity by Fafner to discourage visitors, 
and is clearly audible in the orchestra. 

Strosser does supply a kind of vaudeville 
bear for Siegfried to bring home, and a 
totally unnecessary red kite to visualize the 
forest bird, but mostly he deals in signs: 
one tree stands for the forest. 

The set for both “Siegfried” and “G5t- 
terdSmmerung” is mainly an open, raked 
platform with flexible side walls, backed 
by cloud-scape projections for atmo- 
sphere. But the open space was not often 
enough filled with meaningful movement, 
a major handicap being a Siegfried who 
totally lacked the stage presence to go with 
his voice. 


Patrice Cauchetier’s costumes brought 
the final two days of the "Ring" into the 
present century, with the Wanderer too 
debonair by half in an elegant topcoat and 
fedora (he collected his spear from the 
cloakroom just in tune for Siegfried to 
chop it in half) and Hagen and ms hench- 
men looking like a convention of Chicago 
gangsters. 

Tate took up musically where he left off 
last June. He is a conductor with a vision 
of the whole, a sense of dramatic progres- 
sion, and no taste for luxuriating in sound 
for its own sake. The Orchestra National, 
which must be playing the “Ring" for first 
time in its entirety, distinguished itself on 
the whole. It does not have the Central 
European weight usually associated with 
this music, hut it has a warmth and a lean 
clarity that is not out of place. 


Ai 


S the Wanderer. Roberi Hale 
again brought a formidable stage 
presence and potent, expressive 
.vocalism to this central charac- 
ter. Heinz Kruse, despite some wanderings 
from pitch and relatively light of voice, was 
a satisfyingly lyrical Siegfried. But he is 
physically unprepossessing, and his char- 
acter was never more than bumptious. Ga- 
briele Schnaut, statuesque of voice and 
Figure, survived a rough awakening in 
“Siegfried” and was the necessaiy pillar Of 
strength throughout "GWtenianmwrung:’’ 

Zelotcs Edmund Toliver was a power- 
fully menacing Fafner. even in human 
form. Kirsten Dolberg, looking like a bag 
lady on a park bench, nonetheless sum- 
moned up Erda’s profound wisdom. Don- 
na Brown (Forest Bird) and Marilyn 
Schmiege (Waltraute) performed their vo- 
cal duties impeccably. Kurt Rydl was a 
suitably thuggish Hagen. Eike Wilm 
Schulte a browbeaten and insecure Gun- 
ther, and Malmfrid Sand a pale Gutrune, 
got up as a Jugendstil bluestocking. 

Peter Keller and Franz- Josef Kapdl- 
mann were back on duty as Mime and 
Alberich, but the latter’s "importance as a 
character is undermined by the scruffy 
costume he has been assigned. Whatever 
else he is, Alberich is no vagranL 


BOOKS 


BABES EV TOYLAND: 


— — Hiux.™* luum;. He WI ^ tes tboal Can’s repeated ments was put out by Warner 

The mystery is why it should since have r ^ ,e Making and Selling of Wam^HRecnr » R i-midc attc P^f, t0 die band’s video Bros., not an independent), but 

ii.. _ d i i nn n , ° Warner Jvecoras AaK (artists on MTV. then renorts with nut »h<- hiooKt kmMoii, 


been so ignored on both sides of the Chan- a Rock and Roll Band 




UK PREMIERE. NEW PRODUCTION 

THE SLEEPING BEAUTY 

The Royal Ballet 

presents a 

ROYAL GALA PERFORMANCE 

at the 

Royal Opera House - Covent Garden 
London 

in the presence of 

Her Royal Highness The Princess Margaret, 

Countess of Snowdon 

on Thursday November 3rd 1994 at 7:00 p.m. 

in aid of the Royal Opera House Trust 

Music Pyotr lllvich Tchaikovsky 
Choreographer Marius Petipa 
Production: Anthony Dowell 
Designer Maria Bjomson 
Lighting Designer : Pat Collins 

with 

Princess .Aurora: Darcey Bussell 
Prince FlorimuneL Zoltan Solymosi 

Tickets available from £>l 5 to £200. 

For further details, telephone: t *44 ) 07 1 —12 9462, 

Charily N<». 21 fin 1 ) 




By Neal Karlen. 295 pages. $22. 
Times Books. 

Reviewed by Eric Brace 

A COUPLE of chapters into 
Neal Karlen’s book “Babes 
in Toy land,” he notes that “the 
sight of three women bashing 
out hard rock was irresistible 
copy.” Would that it were. Kar- 
len spent three years chroni- 
cling the rise of a Minneapolis 
all-woman hard rock band (af- 
ter whom the book is titled) 


and repertoire) man, Tim Carr. 

Modi is made of the women 
(Kat Bjefland, Lori Barbero and 
Michelle Leon, who is replaced 
by Maureen Herman) insisting 
they don’t want to be treated as a 
“girl band” but as just a rock 
band. The problem, as they and 
their pals m such bands as LI, 
Hole and Lunachicks were all 
finding out at roughly the same 
time, was that the media and the 
record companies cared more 
about the image than the music, 
which was punk in sound and 
spirit and hard to market on its 


on MTV, then reports without 
irony the approval finally given 
the three women by MTV*s ani- 
mated adolescents Beavis and 
Butt-head ("These ducks are 
cool"). 

There are several mistakes 
about the music business (the 
record “Tim” by the Replace- 


the biggest problem is that Kar- 
len has written a book about a 
rock-and-roll band without 
making us care whether they 
break up or get the gold record. 


Eric Brace is on the staff of 
The Washington Post. 


from tiny bars to the stages of own (this was before the days of 
Lqllapalooaa 1993, and the re- the “grunge” breakthrough 


suit is less than irresistible. 

If you stick with it, however, 
“Baba in Toyland" will explain 
some of the alchemy involved in 
forming a band, creating new 
music and staying at it under 


started by Nirvana). But Karlen 
makes dear that the women 
were as image-obsessed as any 
publicist 

Sexism is rampant in rock, no 
doubt about it, so it’s disap- 


the most extreme circum- pointing to have so little discus- 
stances. The book also gives the sion either by Karim or the 
uninitiated a clear sense of how band members on the sexual 
a rock band is marketed today, politics encountered by Babes, 
in this case by the largest enter- The most informative pas- 
tainment conglomerate in the saga of “Baba in Toyland” are 
world. Time Warner, Money about the business of rock. But 
coma first, and artistic and there is nothing unique or fllumi- 
personal considerations nearly nating about Babes in Toyiand’s 
always second, aagunt major-label experience. The only 
• Ground the tune fcu Baba time emotional depth creeps into 
m Toyland was bubbling up Karien’s flat narrative i7when 
from the alternative rock un- drummer Barbero renews her re- 
dergroond four years ago, the lationship with her estranged fa- 
novelty of women rocking out ther, with beanbreaking results, 
did generate a lot of media at- In other areas Karim disap- 
teqtion. Kaftan. a Minneapolis points. He sidesteps the issue 5 
T 0 *' “ drug use within theband, though 

Toyland toured the Midwest m heroin use by others is mm- 
an old van, pul out a couple of tioned frequently and there are 
independent records and hmts of Bjelland’s possible u&l 


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43 


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Page 11 


American TV Invades the World 

THE T RIB immx -ii7i 7M ^ et ^ a Companies Seek Stakes in Networks Abroad 

Inlamaliraml HubM Tiihuno ub.^ i > a. Th. tl • • . >n, . 


International Herald Tribune World Stock Index ©, composed of 
280 internationally investable stocks from 25 countries, compiled 
t>y Bloomberg Business News. Jan. 1, 1992 = 100. 

120 





*►£&’«*•.** *• 4+ •} ' **>* v \ 






M J J 

A 

s 

o 




1994 

| Asia/Pacific 

Europe 


SSI 

Approx wlgWriu: 32% BBH 

Cto»: 129.50 Prevj 129J9 

SO 

Approx, weighting: 37% 

Cause: 11X75 PfOTJ 120.02 




M J J A S O 


By Richard Covington 

Special to the Herald Tribune 

CANNES — Faced with dwindling 
growth opportunities in the United 
States, American media giants such as 
Viacom Inc., Time Warner Inc., Walt 
Disney Co. and Fox Inc. are racing one 
another to stake claims in overseas tele- 
vision networks. 

Despite a welter of government re- 
strictions that vary from country to 
country, media industry executives said 
these companies were snapping up mi- 
nority ownership in local terrestrial, sat- 
ellite and cable television c hann els as 
quickly as opportunities arose. 

Even American telephone companies 
such as Nynex Corp. and U S West Inc., 
as well as large cable companies such as 
Telecommunications Inc. and Comcast 
Corp., are testing the waters for network 
ownership, particularly in Britain. These 
strategic investments are necessarily 
long-term and dearly not for the faint of 
heart or of pocfcetbook. 

“None of our c hann els are going to 
break even any time soon," Steven Ro- 
senberg, Home Box Office's vice presi- 
dent for international development, said 
at an international television markets 


Their current international TV sales 
stand at S3 billion, but with ownership of 
networks abroad, the potential for reve- 
nue growth would take a quantum leap. 

Just last week. Viacom Inc. launched 
VH-1, the satellite music channel, in 
Britain, at the same time it inaugurated 
MTV in India. The company plans to 

r 0ur overall strategy 
lies outside the United 
States, where onr 
growth opportunities are 
greater. 9 

Stunner B3. Redstone, Chairman 
of Viacom Inc. 

beam MTV to C hina in both Mandarin 
and English by the end of the year. 

Fax, along with its partners Bertels- 
mann AG, the German media conglomer- 
ate, and Canal Plus of France, has just 
announced the relaunching of the finan- 
cially troubled Vox network in Ge rman y 
Time Warner Inc., which owns HBO, 



1994 


1994 

| Nortti America 


Latin America 


Approx weighting: 28% . 
CJojk 9755 Prwj 97.83 


Approx weighting: 5% 

Close: 143J5 Ptbvj 14187 



conference in Cannes last week. “We're will expand on an far-ranging bouquet of 
on a three- to-five-year game plan before acquisitions with the coming launch of 


we expect to turn profitable." 

Yet the promise of expanding outlets 


Hamburg 1, a TV station. 

Buena Vista International Televirion, 


from London to Beijing and exerting Disney’s international TV distribution 
more control over the programming is arm. recently signed on in a joint venture 
proving an irresistible lure for producers with Luxembourg’s CLT Multi Media to 
of American films and television shows, create Super RTL, a family-oriented sat- 


ellite and cable channel. The channel is 
scheduled to begin broadcasting in Ger- 
many in January. 

Buena Vista is also close to an agree- 
ment to lake a minority stake in RTL in 
the Netherlands and is “looking into 
acquisitions into France and Italy," ac- 
cording to a highly placed Disnev execu- 
tive. 

The company has been negotiating si- 
multaneously with British Sky Broad- 
casting and British cable services to ex- 
pand Disney network ownership by the 
end of the year. 

“The venture with CLT provides us 
with the perfect opportunity to evaluate 
the potential for similar services else- 
where in Europe," Michael Eisner, Dis- 
ney’s chairman, said. 

Sumner Redstone, Viacom’s c hairman 
said: “Our overall strategy lies outside 
the United States, where our growth op- 
portunities are greater." 

Colin Davis, president of MCA TV 
International, underlined the impor- 
tance of partnerships with stations in 
several countries. “All the major studios, 
without exception, are looking at equity 
partnerships,'’ he said. 

Typically, the American investors 
send consultants to work with local pro- 
grammers. The advantage to the local 
partners, Mr. Davis said, was that these 
equity deals guarantee access to Ameri- 
can films and TV series. For the U.S. 
producers, ‘it's a way of maximizing the 

See TV, Page 18 


Lively Lending 
Gives a Boost 
To U.S. Banks 


By Lawrence Malkin 

International Herald Tribune 

NEW YORK — Commercial 
banks across the United States 
did better business and made 
more corporate and consumer 
loans in the third quarter, ac- 
cording to upbeat profit repons 
issued Tuesday. 

But analysis and regulators 
began warning the industry not 
to overdo it by repeating the 
lending mistakes of its past 

Third-quarter earnings at 
major banks exceeded expecta- 
tions. Citicorp, the largest U.S. 
bank and one that was almost 
given up for dead at one point 
early this decade, increased its 
net income 69 percent, to S894 
million, a record return for it 
for any quarter. As the most 
international of the U.S. com- 
mercial banks, it profited from 
recovery abroad as well as 
strong trading profit. 

Citicorp stock rose S1.375 to 
$4425. 

Earnings at Chase Manhat- 
tan Corp. and Chemical Bank- 
ing Corp. were each about 15 
percent above lost year’s third 
quarter. Both b anks have an- 





The Men traefts U.S. doBer ntm at stocks h: Tokyo, Now York, London, and 
Argtn U n o , AurtnSo, Auatrla, Belgium, BrazU, Canada. ChMa, Danmark, Finland, 
Raw, Oarmony, Hong Kong, Italy, Mndeo, Notfwrianda, Now ZkaJund, Norway, 
Singapore, Spain, Swadan. Swfa a rtan d and Vonoajola. Far Tokyo, New York end 
London, the M tot te composed at the 20 top Issues bt terms of meikst aepHeksethn, 
otherwise the ten tap stocks ere trucked. 


industrial Sectors 


News Corp . Expects $. 1 Billion From BSkyB Sale 


Compiled by Ov Staff Fnm Dapauha take place before the end of the year, television network, was up “strikingly" 

ADELAIDE, Australia — News Proceeds from the BSkyB sale are so far and that revenue at Fox televirion 
Corp. expects to receive about $1 billion expected to be used to develop Hong stations was up 30 percent, 
from the partial public sale of British Kong-based STAR-TV, which is 64 per- STAR-TV, however, could have a loss 

Sky Broadcasting, the satellite broad- ceni-owned by News Corp. of as much as $20 million this year. But 


115.77 116.15 -033 
129-80 13028 -037 
117.01 117.43 -0.38 
12033 12098 -054 


CapBal Goods 
Riw Materials 
Consumer Goods 
Miscellaneous 


11924 119J54 -033 
138-60 138.65 -0.04 
106.08 106-89 -0.76 
124.44 12054 -088 


caster, the company's chairman, Rupert Mr. Murdoch said News Corp.’s prof- 
Murdoch, said Tuesday. it could increase 50 percent in the next 

The sale, which would reduce News two or three years on a 25 percent jump 


cent-owned by News Corp. of as much as $20 milli on this year. But 

Mr. Murdoch said News Corp.’s prof- he said the network would continue to 
it could increase 50 percent in the next expand, particularly in India. 


Corp.'s stake in the satellite broadcaster in revenue. The company had net profit 
BSkyB to 40 percent from 50 percent, of 1.34 billion Australian dollars ($985 
would value BSkyB at about £5 billion million) in the year ended June 30. 


For more inf orm a tion tdxxd the Index, a booklet is available troe of chatge. 

Write to Tnb Mat, 181 Avenue Charles da Gaulle, 32521 NeuOy Cedex, France. 


O mwnwtloiwl HacaJd Tittune 


($8 billion), Mr. Murdoch said at the 
annual shareholders* meeting. 

“Those are very rough figures," Mr. 
Murdoch said. “It will depend what the 
market is the day it floats." 

Mr. Murdoch also said he expected 
the sale of 20 percent of the company to 


Mr. Murdoch said the company’s cur- 
rent financial year was “off to a very 
good start." 


News Corp. stock ended Tuesday at ing so fast. 


“It is running on budget of a loss of 
about $12 million to 514 million," Mr. 
Murdoch said. “If something happens, 
we may push out to $20 million.'* 
Asked when STAR-TV’ was likely to 
show its first profit, Mr. Murdoch said: 
“When we stop developing it It’s mov- 


8.40 dollars, up from 8.38 Monday. 


Mr. Murdoch said News Corp. hoped 


Mr. Murdoch said revenue at Fox to beam television programs i 
Broadcasting Co.. News Corp-'s U.S. thirds of the world’s homes 


into two- 
when its 


global system is fully established, dou- 
ble its present reach. 

Mr. Murdoch said News Corp- was 
not in any current talks for major new 
acquisitions after a year that analysts 
described as an aggressive bid to bolster 
market share through large investments 
amid swift changes in the world media 
industry. 

But Mr. Murdoch said News Corp.'s 
Twentieth Century Fox Film Corp. 
would set up a film production center in 
Sydney for 20 million dollars. 

News Corp- also said it had signed a 
joint venture in the northern Chinese 
city of Tianjin for production of movies 
and sporting events. 

(Bloomberg, AP, Reuters, AFX) 


nounced continued cost-cutting 
and early retirement plans to 
boost profit as competition for 
loan business treats up. 

The big banks made money 
from what most economists 
predict will be a temporary lull 
m rising credit costs, and they 
turned good profits trading in 
Brazilian securities, which rock- 
eted on the reform program of 
the new government. 

The question for some is 
what the banks will do for an 
encore. The Federal Reserve is 
expected to raise the wholesale 
cost of money another notch as 
the economy steams ahead, 
squeezing loan margins that 
this year have helped improve 
profits for some of the regional 
powerhouses. 

Pittsburgh's Mellon Bank 
Corp., which serves the indus- 
trial heartland, reported a 10 
percent increase in revenue 
from interest income alone. 

NationsBank Corp. of Char- 
lotte, North Carolina, reported 
a 26 percent increase in earn- 
ings Monday on good loan 

See BANKS, Page 12 


MerrUlLyneh 
Says Net Falls 

The Associated Press 

NEW YORK— Merrill 
Lynch & Co., the largest 
American brokerage con- 
cern, and Bear Steams Cos. 
reported sharply lower 
profits Tuesday, a sign of 
this year’s financial-market 
slump. 

Merrill Lynch said its net 
income dropped 36 percent 
to $231.6 million in the 
third quarter. Bear Steams’ 
profit in its first quarter, 
which also ended Sept 30, 
plummeted 66 percent to 
$35 5 million. 


MEDIA MARKETS 


After 'The Far Side,’ What? 


By Andy Mtisler 

New York Times Service 

N EW YORK — What, exactly, lies 
beyond “The Far Side"? For the 
next two months, this question will 
haun t minions of newspaper read- 
ers worldwide. Another slightly less cosmic 
riddle to pander at the breakfast table: What 
happens to a sizable literary and merchandis- 
ing empire when, its whimsical creator sud- 
denly decides to lay down bis pen and take it 
easy for the next 30 or 40 years? 

Gary Larson announced this month that he 
was retiring and would stop drawing new 
installments of “The Far Side,” his deeply 
idiosyncratic, wildly popular, single-panel 
comic strip. Beginning Jan. 2, his repertory 
company of talking cows, addled entomolo- 
gists, joy-riding extraterrestrials, accident- 
prone deer, garrulous amoebas and others 
will disappear from the more than 1,900 pub- 
lications that cany his work. 

Mr. Larson, 44, reportedly plans to devote 
much of his time to guitar practice. He will 
not be financially challenged by this decision. 
But left orphaned will be a mini -industry that 
in 15 years has brought in perhaps $500 
millio n in revenue. 

For the near future, at least, vast numbers 
of “Far Side" compilation books, calendars 
and greeting cards will continue to be pub- 
lished, and millions of licensed “Far Side" 
coffee mugs and T-shirts will be manufac- 
tured and sold. But like a tasty lab rat passing 
through one of Mr. Larson’s harlequin-eye- 
glass-wearing snakes, the business will gradu- 
ally dimmish in size. 

How soon — or even, some say, whether — 
Mr. Larson’s creations will fade from the 


marketplace once the daily cartoon disap- 
pears is the subject of much speculation. Tra- 
ditionally, comic strips have been handed off 
to other artists when their creators retire or 
die, but “The Far Side” is a creation solely of 
Mr. Larson’s unique sense of humor. 

“There are two schools of thought on this," 
said Thomas N. Thornton, president of An- 
drews & McMeel. the Missouri publishing 
company that turns out much of the “Far 
Side*’ merchandise. “One of them is that 
without the underlying exposure in the news- 
paper, demand will drop. The other is that 
now that we’re the only game in town, ‘Far 
Side’ fans will turn even more to us.” 

Mr. Thornton acknowledged that it was “a 
very bad day” when Mr. Larson, who lives in 
Seattle, announced his retirement. Andrews 
& McMeel is a subsidiary of Universal Press 
Syndicate, a privately held company with 250 
employees through which most of Mr. Lar- 
son’s creative output is channeled. 

The new year mil bring the end of all “Far 
Side" revenue from newspapers for tire syndi- 
cate, which also handles other popular comic 
strips such as “Calvin and Hobbes" and 
“Cathy.” 

“We’re going to have to tighten our belt a 
notch or two," Lee Salem, editorial director of 
Universal Press Syndicate, said. 

For a pop-culture staple such as “The Far 
Side,” however, newspaper syndication is ac- 
tually a small dog bang wagged by a large 
tail. Although rates are frequently renegotiat- 
ed and zealously guarded, it is safe to say that 
newspapera pay $S to $100 a week, depending 
on their circulation, to run a popular daily 
comic strip such as Mr. Larson’s. That figure 

See LARSON, Page 18 


ReuenueBise 
Pushes Up 
GE Profit 

The Associated Press 

FAIRFIELD, Connecticut 
— General Electric Co. said 
Tuesday that third-quarter 
profit jumped 13 percent as rev- 
enue increased in many of its 
core businesses. 

The industrial-financial ser- 
vices conglomerate earned $ 1 31 
billion, or 80 cents per share, in 
the three months ended Sept 30, 
up from $1.21 billion, or 7 1 cents 
per share, a year earlier. Revenue 
rose 9 percent to $16.15 billion. 

GE said revenue rose at 1 1 of 
its 12 businesses. Seven report- 
ed double-digit gains in operat- 
ing profits — notably plastics, 
motors; appliances and infor- 
mation systems. The aircraft 
engine unit saw operating prof- 
its falL 

At GE Capital Services, the 
company's financial services 
aim. earnings for the quarter 
rose 7 percent to $526 million. 
The results included a previous- 
ly announced $85 million third- 
quarter loss at Kidder Peabody 
& Co., GFs brokerage firm. 
Kidder, which is to be sold to 
PaineWebber Group Inc. in a 
$670 million deal GE said 
fourth-quarter results would in- 
clude a one-time charge against 
earnings of about $500 million 
for the Kidder sale. 


Our Philosophy of Banking 
Goes Back 4,000 Years. 



" r-SSVa FJFrr- .y. 


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3141 

■’ 1 - - 

1 '■ 

Chkwwvaoa 

45113 

HdOinipMi 

217102 

*• ' r , 


Cmuhtum 

37*5 

trixk t 

(U243 

4- 1 »• 

. .v 

DanNi kraut 

5JB2S 

urotvrtmk. 

S1VW 



■ovpLpowni 

1383 

K«wRH moor D298S 



Fin. markka 

4424 

Mcdav.rtas. 

25557 


CatYMCV P*r» 
Mhrm 3418 
N. Zealand S 1.4375 
Nona-krane 4539 
PUB. paso 23.15 
PSflMtfOtV 23209. 
PartesoHto 1S3JV 
Rolt. ruble 299400 
Saudi rival 33505 
51m. t U72 


Currency Purs 
S. Air. rand 15305 
S. Hot. won HUP 

SumL krona 7.1900 

Taiwan S 24.12 

TbatbaM 2i«3 

TurkJsitHra MV79. 
UAEcHrnam 14727 
Voner. tartly. 

1«W»57 


mm ii X-My 4 0 Oar tMn Curraar phter tOOaf N day 

iJESUhI . . WM7 tAWO MM Canadian dollar 1JC4 1Jj« TAB 

tMutsot mark iJOIl UOI* 1J0M Jaaanaewa WJM 97 JO 9M0 

MntoM USOO ISM 

Soma ino B eni gj" 
MUfanL' Aetna r France Rmse (Paris); Bank of Tpkvo < Tokyo 1 ; /tow* Bonk of Canada 
tTenmos/ imp tSOfU. omertsaio tram Rtutert aadAP. 


Key Money Rates 

Un Hod States Cto« Prtv. 

Discount rate 4JM 4JH 

Prim rat* 7** 71* 

r g wol foods * 4 * 

VmanteCDt 4 JO 491 

Ceram, paoer INdon 5J3 553 

3-monlti Tratoury Mil 450 4JM 

vnar Treason Mil 5J0 508 

2 -year Tmaanrnott 658 655 

5-year Treasury note 729 125 

be ear Treasury note 752 7 26 

n-nar Treason ante 754 750 

XVYtar Treasury band 757 753 

Merrill LymdiU-day Ready asset 4JI 419 

Japan 

Discount rate itt 

Can money ZVt 

tmoam unenank 21A 2U 

Monte Interbank 2 h. 2 W, 

0 - maath Interbank 2 ", 2 

10-year Govemmeol bond 448 470 

Oennany 

Ujmbord rote 650 400 

Coll money *35 <50 

1 - mooih Interban k 100 550 

Unootfi interbank 420 520 

smooth iptertnak 550 550 

10 -yaar Bead 751 757 


Brhol - 

Baak bu.,- role 5% 

Cedi money 400 400 

l-mooih iMerhank 5 ’■ 5 *« 

3-Moam Interbank 5*w 5% 

6 -maath Inte r han k 6 6 % 

10 -yeor Gin 452 844 

France 

Intervenllan rate 540 UK) 

Call money 5’i 5W 

l-montn Interbank 5 *w 5 >. 

J-monte Interbank 5V: SVr 

ft-momb Interbank 5% Pa 

10 -year OAT MO 842 

Sources: Reuters. Bloomberg. Merrill 
Lynch. Bonk of Tokyo, Commerzbank. 
Greeaweil Montagu, Credit Lyonnais. 


Zurich 39050 3WUH + 0 JS 

London 39040 38955 +055 

New Turk 392.10 291J0 —040 

dollars per own*. London otPtiCt fl*. 

urn; Zurich and Nt» York eoanMfl and moo- 
ing prices; New York Comex (December.} 
Source: Reuters. 


irrky .tew, -v * • 


I t was the ancient traders 
who first established 
many of today’s banking 
practices. They accepted 
funds for safekeeping. 
Bartered goods for services. 
And extended credit. It was 
a business based on trust, 
and a handshake contract 
was binding. 

The world has changed 
immeasurably since then, 
but Republic National Bank 
still holds to the principles 


OV'T 

~ " ^ 




established nearly four mil- 
lennia ago. 

We believe in the primacy 
of personal relationships, the 
importance of trust and the 
protection of depositors’ 

. funds. This emphasis has 
made us one of the world’s 
leading private banks. 

As a subsidiary of Safra 
Republic Holdings S.A. and 
an affiliate of Republic New 
York Corporation, we’re part 
of a global group with more 

REPUBLIC NATIONAL BANK 
OF NEW YORK (SUISSE) SA 


A SAFRA BANK 

TIMELESS VALUES. TRADITIONAL STRENGTH. 

HMD OFFICE GENEVA 1204 - 2, PLACE DU LA£ • TEL. lOZZi 705 55 55 - FOREX: lOZZ i 705 55 50 AND GENEVA 1201 • 2, RUE DR. ALFKED-V1NCENT (CORNER 
0UA1 DU MONT-BLANCt BRANCHES: LUGANO 8901 * I. VIA CANOVA • TEL (091 » 23 85 32 • ZURICH 8039 • STOCK ERSTRAS5E 37 • TEL tOD 288 IB 18 • 
GUERNSEY • RUE DU PRE ■ St PETER PORT • TEL. (4811 711 781 AFFILIATE REPUBLIC NATIONAL BANK OF NEW YORK IN NEW YORK OTHER LOCATIONS: 
GIBRAUAR - GUERNSEY - LONDON - LUXEMBOURG • MILAN • MONTE CARLO ■ MRI5 ■ BEVERLY HILLS • CAYMAN ISLANDS • LOS ANGELES * MEXICO CITY ■ MIAMI - 
MONTREAL ■ NASSAU ■ NEW YORK • BUENOS AIRES - CARACAS * MONTEVIDEO - PUNTA DEL ESTE • RIO DE JANEIRO ■ SANTIAGO • BEIRUT ■ BEUING ■ HONG KONG • 

JAKARTA - SINGAPORE • TAIPEI • TOKYO 


a 


than US$5 billion in capital 
and more than US$50 billion 
in assets. These assets con- 
tinue to grow substantially, 
a testament to the group’s 
strong balance sheet, risk- 
averse orientation and 
century-old heritage. 

Though cuneiform tablets 
have given way to modem 
computers, the timeless 
qualities of safety, service and 
personal integrity will always 
be at the heart of our bank. 






Page 12 


market diary 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 


Growing Rate Fears 
f ake Toll on Stocks 


V« Mjaoewd Press 


The Dow 


Dow Jones industrial average 
4000 


Dow Jones Averages 


Own Man Low Lost CUB. 

Indus 3977.97 1977.97 MB 75 391734 — 6J9 
Tram M95JS 150047 1407.96 1500J1 -443 
Util 182.18 182.18 181.12 181J2 -0 M 
Como IJ03J7 1333.33 1276.93 130177 -~OA2 


EUROPEAN FimJRES 


Metals 


Compiled fa Our Stuff From Dupmha 

NEW YORK — U.S. stocks 
Dosted small lossc* Tuesday os 
concern about rising interest 
rates and the weak dollar offset 
strong third-quarter corporate 
earnings. 

The Dow Jones industrial av- 
erage fell 6.39 to 3,917.54, snap- 
ping three days of gains. 

The Nasdaq Composite In- 
dex fell for a third day. drop- 
ping 0.97 to 764.81. 

More than 1 3 stocks dropped 
for every nine that rose on the 
New York Slock Exchange, 

U.S. Stocks 

where volume grew rose to 
259.74 million shares on Tues- 
day from 238.40 million on 
Monday. 

Bond prices fell after a Fed- 
eral Reserve Board governor, 
Susan Phillips, raised concern 
about inflation by saying the 
economy's fast growth was sur- 
prising some analysts. The yield 
on the benchmark 30-year 
Treasury bond rose to 7.87"per- 
cent from 7.83 percent. 


Losses in electrical equip- 
ment companies such as Ray- 
chem and telephone stocks such 
as Bell Atlantic balanced gains 
in computer makers Sun Micro- 
systems and Apple Computer. 

Rising profits are deflecting 
some of “the concern about 
what the Fed is likely to do next 
month with respect to interest 
rates or the weak dollar," said 
Alan Ackerman, market analyst 
at Reich & Co. 

A host of strong earnings an- 
nouncements helped stem the 
market’s losses. 

Money center banks also an- 
nounced wider corporate prof- 
its. Citicorp rose 1W to 44*4, 
and Chase climbed % to 35W. 

Apple Computer rose 194 to 
41% and Sun Microsystems 
rose 134 to 32*4. Both compa- 
nies reported sironger-than-ex- 
pected earnings late Monday. 

Lotus Development dropped 
2 1/16 to 34 after the company 
reported results at the low end 
of analysts’ expectations. 

General Electric eased *4 to 
4934 in spite of a report of rising 
profit .(Bloomberg. AP, Renters) 



Standard A Door 1 * Indexes 


High Low Close COtc 

industrials ssrja saw sssm -u* 

Transp. 363 X 1 361.12 36361 +M 5 

Utilities 152.75 151.45 151.55 - 13 K 

RoCoCo 4046 43.19 4038 +WO 

SP m 409.19 44664 46766 — 1 JO 

SP 100 43460 432 JM 43135 - 166 


A M J J A S O 
1994 


NYSE Most Actives 


indoSatn 
I Merck 
NMedEnf 
Sprint 
1 PlflMr 
CBtcorp 
IBM 
enwsto 
MIo-TcC 
MOICO 
B cvtly 

Compaa s 
FordMS 
GenEls 
AMLcto 


NASDAQ Host Actives 


NYSE Indexes | 

F« 


Hlati Law 

Lad 

V 

aio. Di 

Composite 

Industrials 

757.98 25668 
324.97 37326 

:s 7 .a 

334 X 6 

, Si 

— 0.71 p, 
— 0.91 

UtKtv 

Finanat 

70625 304.61 
205.31 204.40 

904 X 3 

705 X 7 

— 1 J 0 
— 0.08 


Close Prwrtan 

8M Asll BH Ml 

ALUMINUM (Won Grata) 

Dollars oer metric too 

Spot 1713 X 0 1714 X 0 169860 169960 

Forward 1732 X 0 173 ZJ 0 1715 X 0 1720 X 0 

COPPER CATHODES IHWl CfOdel 
Dot ion per metric roe 
Soot 2 U&S 0 248660 2401 X 0 2482 X 0 

Forward MUD 2489 X 0 2476 X 0 2477 X 0 

LEAD 

Mian ocr metric tan 

Spot m$0 64*50 640 X 0 641 X 0 

Forward . *wnn 656 X 0 651 X 0 653 X 0 

NICKEL 

DollXn per metric ton 

Soot 6580 X 0 6590 X 0 6555 X 0 6560 X 0 

Forward 6685 X 0 6695 X 0 6665 X 0 6666 X 0 


at 5390 X 0 540000 5380 X 0 5385 X 0 

jrwora 547000 540000 546000 546000 

NC (Special Hlah Grade) 

Ulan per metric ton 

at 1054 X 0 1055 X 0 105150 1054 X 0 

sward 1074 X 0 1075 X 0 107150 1074 X 0 


HM Law La 
152 X 0 15*25 152 . 
155 X 0 155 X 0 155 
157 X 0 157 X 0 157 . 
N.T. N.T, N, 
N.T. N.T. N. 


Last seme cave 

I 52 J 5 15*25 unett. 
155 X 0 mx Unch. 
57 X 0 15535 Unch. 
N.T. 156 X 0 +025 
N.T. 159 JS +025 


Eat. volume: 10 X 59 . Open Ml. 101 X 56 

■RENT CRUDE OIL (IPE) 

UJ. doBon per OorreHots of 1 XM barrels 
Dec 1628 16 X 0 1617 1616 +026 

-tan 1623 16 X 6 1614 1613 + 0.19 

F«b 1617 16 X 6 16 X 6 1606 + 0.17 

MW 1612 1605 1618 UM + 0.12 

Aw 1615 1609 1615 1606 + 0 X 8 

May 16 X 9 16 X 7 16 X 7 16 X 7 + 0 X 6 

J 0 H 1420 16 X 7 16 X 7 MX 7 + 0 X 4 

Jlr 1605 -1605 16 X 5 16 X 5 + 0 M 

Ao« N.T. N.T. N.T. 16 X 8 + 0 X 5 

SOP N.T.- N.T. NX 16 X 8 + 0 X 5 

Od N.T. N.T. N.T. 1608 + 0 X 5 

lev N.T. N.T. N.T. 16 X 8 + 0 X 5 

Est. vatume: 3 X 454 . Open bit. 139208 


Stock Indexes 


Financial 


ww 


Low Qom Orange 


VoL 

Mah 

Low 

Last 

CDs. 

91018 40 

37 '-V 

3746 


22155 

3646 

3546 

3546 

— W 

32071 

15 VS 

14 'A 

1446 

—44 

28722 

38 V 5 

369 i 

374 u 

—46 

28490 62 V, 

6146 

6146 

—'A 

26596 4446 

439 , 

44<6 

♦ 1 W 

34559 

74 U 

7346 

74 V 6 

- 46 

21671 

9 W 

944 

9 VS 


19748 

3446 

3346 

33 '6 


19730 

244 . 

74 W 

24 Mi 

- 46 . 

19990 

15 V, 

14 

14*6 

-44 

1 B «19 36 -S 

35 V, 

35 'A 

—V, 

18463 

29 '* 

2844 

2 S 4 , 

— U 

18096 

5046 

4946 

494 , 

—46 

17769 

314 A 

XU 

31 W 

—46 


NASDAQ Indexes 


Htoti Low Lad Che. 

CbmPOSite 766 X 3 76156 764 XS - 0.93 

lndustrial& 780.18 77604 77729 — 7.27 

SaSi 749.01 74560 74696 - 3.47 

Insvaui 97686 922.75 92161 —198 

Finance 923.43 916 X 5 91645 —724 

TronsR. 70696 7 ( 0.78 705.96 - 0 X 6 


A MEX Stock Index 

High Low Last Ota. 

4 SB. SO *56X5 45672 —2.04 

Dow Jones Bond Averages 


20 Bands 
U Utilities 
10 Industrials 


NYSE Diary 


U.S. Trade Data Keep 
Dollar in Suspense 


Compiled bv Our Staff From Dispatches 

NEW YORK — The dollar 
ended mixed agains t other ma- 
jor currencies Tuesday as the 
focus shifted from Germany's 
elections to U.S. trade data and 
the outlook for the Group of 
Seven's monetary policies. 

The dollar was at 13021 
Deutsche marks in New York, 
up from 1.4980 DM on Mon- 
day, and at 97.725 yen, up from 

Foralgn Exchange 

97.650 yen. It also was at 1 -2467 
Swiss francs, down slightly 
from 1.2470 francs, and 5.1535 
French francs, up from 5.1430 
francs. 

The pound was at $1.6130, 
up from $1.6105 Monday, 
helped in part by a Confedera- 
tion of British Industry survey 
indicating the economy was 
strengthening. 

Analysts said they expected 
the Commerce Department to 
report that the U.S. trade deficit 
in goods and services had nar- 
rowed from $ 11.0 billion the 
month before. 

That might be expected to 
provide a little support for the 
dollar, but dealers said data 
from Japan already had 
scrubbed the potential luster 


from Wednesday's report. Ja- 
pan's monthly trade report, re- 
leased Monday, showed that its 
trade surplus with the United 
States expanded in September. 

The Commerce Depart- 
ment's data come out about a 
month after those from Japan's 
Finance Ministry. 

Several dealers said Monday’s 
report from Japan was lost amid 
the focus on Sunday’s German 
elections, which caused the dol- 
lar to plummet as the mark 
strengthened on Chancellor Hel- 
mut Kohl’s re-election. 

With the focus now on trade, 
one dealer at a European bank 
said, the market probably 
would sell the dollar if the U.S. 
trade deficit comes out larger 
than expected. But if it is close 
to or below expectations, a rally 
might be difficult. 

Gary Sakamoto, a dealer with 
NatWest Markets, said that with 
the German elections over, the 
focus would probably return to 
monetary policy in Germany 
and the United States. 

He said the combination of a 
German rate cut and a U.S. rate 
increase provided the support 
the dollar needed to make an- 
other run higher. 

( Knight- Bidder, ; Bloomberg) 


Intel 

TrocrPl 

Lotus 

TronsttGs 

SunMic 
AppttC 
MicsftS 
Metnon* 
Amarbc 
Crania 
5(058009 
TefCmA 
OSCOS 
APwrCnv 
i Ptocvt 


577* 58V. 
iu iv* 
34 34>V* 

11 11 
3146 32 VI 

40V> 41 <6 

55V* 56* 
1546 16 

7 Nb TVu 

n 5 

324k 37"/* 

234* 2346 

244k 269b 

UK UU 

246 2V. 


Advanced 

Declined 

Unchcnaefl 

Total issues 
NewHlatis 
New Laws 


AMEX Diary 


Advanced 
l DecGnnd 
Unchanged 
. Tolat issues 
Now Mohs 
New Lows 


Close arw 
9624 —0.10 

91.10 — 0.D4 

101.38 — 0.16 


884 1057 

1302 1129 

TOO 705 

2886 2891 

35 55 

68 55 


239 269 

319 301 

253 748 

811 BIB 

II 17 

23 21 


AMEX Most Actives 


Vacvrf 

iiupfcm 

vines 

Wltrfrd 

X CL Ltd 

AFamRn 

US Ale 

ivraCD 

SoarfsCn 

GreyLne 


VoL (fish Law Last 
95438 IU IV* IV. 

22309 15 144b 141b 

12440 40«1 40 40*4 

9301 119b 91b 104* 

6069 IV* IV* Tb 

5468 5 5 5 

4115 596 S'* S<6 

393S law 1816 1BW 

3534 9 8 W 8 W 

3506 2'Vii 2V* 27* 


NASDAQ Diary 


Advanced 
DoeHnod 
Unchanged 
Total issues 
New Matts 
New Lows 


1451 1610 

1744 1611 

1905 1 879 

5100 5100 

109 104 

99 77 


MarfcatSal— 

Today 

Close 

NYSE 259.74 

Amex 26 X 5 

Nasdaq Z 77 JTI 

In mUHtmt. 


Spot Commodltiev 

C om modity Today 

Aluminum. n> , __ W77 

Copper eiectrotytlc. lb IJT 

Iron FOB. tan 213 X 0 

Lead. n» 0-42 

Silver. Irov oz ,5X75 

Steel (scrap). Mn * 17 X 0 

Tin. lb 36766 

Zinc, lb 0 X 272 


Low Clan Clranoc 


ESWXM-ptsor lOOpct 

doc na rasr «J4 -ag 

Mar 92.79 9272 92-75 —0X8 

Jim 9i21 92.16 9118 -0JK3 

SS 8 9IJ? 91.74 91,76 -0X6 

Dec 91.45 91X1 91X3 —606 

Mar 91,22 91.17 91.18 —0X7 

JuA 91X4 91 JM 91X1 —OBI 

sev 90X7 90-03 9685 —0X5 

DK 9078 9073 9074 —006 

Mar 9(UB 90X4 9044 -UK 

Jua 9005 9062 9062 —0X7 

Sn 9063 9062 -QXS 

Est volume: 66X16 Open lnt: 471X0. 
3-MQNTH EURODOLLARS (LIFFBJ 
tl mHIMa - pts at wo pet 

DM 94.15 M.15 9612 -DJI 

MOT N.T. N.T. 9372 -101 

tan N.T. N.T. 9032 — 02 

sap N.T. N.T. 9259 —0X2 

Est. volume: 25. Open lnt.: 6296. 

3+AONTH BUROMARKS (LIFFB) 

DM1 mlllloa ■ ptsstioopct 
Dec 9685 9679 9682 UikTl 

Mar 9659 9653 94X5 — 0X1 

Jua 9625 9617 9620 — 0X4 

sep 93X9 «XD m 2 -are 

Dec 9353 91X3 93X6 — 007 

Mar 9027 93.16 1020 —0X7 

Jua 93X2 92.9S 9096 -0X6 

Sep 92X3 92-75 923* — 0X4 

Dec 92X3 9061 9240 —005 

Mar 9252 92X8 92X9 —0X3 

Jan 9228 92JB 92X9 -003 

Sep 9223 9223 9220 — 0X3 

EH. volume: 111X86 Open lnt: 436X79. 
3-MONTH PIBOR (MAT IF) 

FF5 million - ph of 189 pet 
Dec 9420 M.12 9618 +002 

Mar 93X0 £L72 WJ7 +04J2 

Jua 93X4 92X6 9X42 +0X2 

SOP 9110 °3X2 93X7 + 0JJ1 

Dec VX7B 9220 92.75 Undl 1 

Mar 9254 92X9 92X3 + 0X1 

JOB 9257 9220 9224 + 0X2, 

SOP 9223 92.16 9220 +0X1 1 

Est volume: 62X85. Open Inf.: 176890 . 

LONG OILT (UFFE) 

KSDX00 - PtsS 32nds Of MO pet 
Dec 1(0-08 101-19 102-00 —M3 

MW- N.T. N.T. 185-03 —M3 

Est. volume: 53269. Open bnt: 93240. 
GERMAN GOVERNMENT BUND (UFFE) 
DM 2S0XM ■ ptS 0« 100 Pd 
Dec 91.10 90X8 90X2 —822 

Mar 90 J i 8MS , 90X4-020 

Est. volume: 146X03. Open lnt.: 179X88. 
18-YEAR FRENCH GOV. BONDS (MATIF) 
1U2I -0.12 

Mar 111.14 110X6 111X2 -0.12 

Joe 11028 110X6 11126 -022 

Sep N.T. N.T. N.T. unch. 

Est. volume: 145232. Open bit: 139X71. 

Industrials 

HH* Lew Lost Settle One 
GASOIL fIPE) 

UX. dollars per metric twUats of 1M teas 
NOV 15050 14925 M925 14925 +025 

DOC 15225 15125 151X0 151X0 +0X0 

JOB 154X0 153X0 153X0 15X50 +025 

Feb 155X0 15675 155X0 155X0 Unch. 

Mar 155.75 155X0 1552S 15525 +025 

Apr 15425 15600 154X0 15600 + 025 

May 153X0 15175 1S275 1 5225 Unch. 


Dec 3L37X 30904 31004 —410 

MOT N.T. N.T. 31Z3JJ — «LD 

Est. volume: 14431. Open bit.: 60480. 

CAC 49 (MATIF) 

FF289 per Index point 

Oct 1924X0 190240 190840 — 840 

NO* 192600 1911X0 191640 -8.W 

DOC 193M3 llSSliffl 1921S8 -840 

Mr N.T. N.T. 195240 —8X0 

tan N.T. N.T. 193650 -848 

SOP 1960X0 1960X0 1961X0 —940 

Est. volume: 16289. Open lnt.: <1706 

Sourcas: Motif. Associated Press. 
London Inn F In anci ai Futures Exchange, 
tatl Patrotevm Exchcnoe. 


Dhrldands 


Company Per Amt Rec 

IRREGULAR 

Mellon Part Mta -3k 'HI 

Oce Van Der Grin b -522 1021 

Putnm AdIRtUSGvB - JI£ JO-17 

Pufam HIYIdTrB _ 498 10-17 

thApprax amt per ADR. 

REVERSE STOCK 5FLTT 
Adv Life Ptd 1 far 3 reverse spUt 
STOCK SPLIT 

Keystone Herttoae 5 tor 4 split 
Laurel Cop Grp 5 tar 4 spin. 

INCREASED 

Bankers Pst Ce Q -)5 imi 

Linear Tech Q •{£ JO-28 

Walgreen Co 0 .193 11-14 

REDUCED 

Keystone Merita Q 22 10-31 

INITIAL 

ararter FedSvaVA _ 475 10-31 

REGULAR 


Blrmlnohonm Steel 
Bruno's Inc 
Chase MradiattanCP 
Ciena HllncShs 
Ckrirej Sirs 

Dona CofD 

Eastern UIIIASSOC 
Fannie Mae 
Fsl Cmmnwtlti Fd 
Fat HorrWjreBcp 
FtamemoBler Corn 
Goodrich I BF1 
Helene Curits ind 
Kmart Corp 
Latdlaw Inc A8J5 
Laurn Cap Orp 
Liberty TmTr99 
Miller (Herman) 
NrmAimrMtBCo 
Progressive JBc 
PrudHIYMPts 
Putnm HIYIdAdvB 
Putnm IncFdB 
Resort IncJrtv 
Sensormatlc 
Shelbv Wllla 
TECO Energy 
VraiKamM CA Man 
VDnKamM invGMn 
WPS Res Corp 
WSBBcp 


Q .10 10-28 
Q X65 10-28 
0 M T0-2S 
M 475 10-28 
Q 40 ll-Z 
Q 21 12-1 

O J85 11-1 
O M 10-31 
M 4875 10-31 
O .10 11-1 

8 43 11-9 

-55 12-9 

a 46 11-10 

Q 24 11-10 
fl JU 1H 
O 48 19-31 
M A« 18-24 

S .13 12-2 
46 10-24 ' 
Q .18 1031 

“ ** im) 

, 439 10-17 
O 275 10-26 
a jm 113 
Q X7 11-1 
O 2525 11-1 
M 46 1031 
M X77S 1031 
Q jtB 11-38 
. 475 10-24 


m e a ner; e-quartsrtyj h op Kao— of 


BANKS: Active Lending Portfolios Boost Results for the Third Quarter 


Continued from Page 11 

growth in the booming South* 
east. Its managers are keeping 
more money in cash as a hedge 
against higher rates. 

But BancOne Corp- of Co- 
lumbus, Ohio, has already been 
caught short this year by higher 
rates. Chairman John McCoy 
said the bank booked more 
loans but made less money on 
them because of the rising cost 
of funds. 


Some in the industry suspect- 
ed that after years of rebuilding 
their balance sheets by cutting 
down on customers’ credit, 
banks were beginning to pursue 
borrowers by offering cut-rate 
loans that would turn around 
and squeeze their profits. 

Federal Reserve Governor 
Susan Phillips warned banks in 
a speech Tuesday against sacri- 
ficing lending standards, say- 
ing, “Asset quality remains the 
principal risk to most banks 


and one that we must all watch 
most carefully." 

Analysts disagreed on the ex- 
tent of this problem. David Ber- 
ry, chief of research for Keefe. 
Brayette & Woods, said the 
temptation to lend was strong 
because “where will the banks 
earn their next dollar?” 

Stephen Berman of NatWest 
Securities disagreed and said 
roost banks had been nimble in 
adapting to higher rates. “Well- 
managed banks should be able 


to convince skeptics that they 
can deliver earnings for a long 
time, not just in 1994 but 1995 
and after that," he said. 

Even banks in California, hit 
hard by a real-estate market 
collapse, are starting to hold 
their own. Union Bank of San 
Francisco and Wells Fargo 
both reduced their loan-loss, 
provisions last quarter and in- 
creased operating profit by 
more than 15 percent. 



U.S./AT THE CLOSE 

Tobacco Helps Philip Morris Net ./ 

NEW YORK (Combined Dispatches) — Philip Morris Cos. 
reported strong third-quarter earnings Tuesday as ana 
worldwide cigarette sales surged and its food and beer units 

““pSfiuijsei? percent to $123 billion, while revenue surged 10. 
percent in the quarter to $16.71 billion. . . 

Operating income from the company's U.S. tobacco unite 
up 40 percent to $863 million, as revenue rose 17 pocaj to 
billion. Profit from food operations rose ^percent to $7 » bdhon, 
with an 8 percent gain in revenue to $887 million. Phihp Mo 
stock feU 25 cents to $61^0- (Krugfit-RuUer, AFX). 

Merck Records 11% Profit Gain 

WHITEHOUSE STATION, New Jersey (AFP) — Merck & 
Co„ the world’s largest pharmaceutical company, said Tuesday ite 
net profit rose 1 1 percent in the third quarter, to $748.8 million 
from $705.7 million a year earlier. _ ' 

Sales soared 49 percent to $3.79 billion. Merck said earni n gs per 
share remained fiat at 62 cents largely because the company issued 
new shares to raise capital to finance its recent purchase of Medco 
Containment Services Inc. 

Excluding the cost of acquiring Medco, third-quarter sales 
would have risen 15 percent. Merck said the introduction of new 
products, both in the United States and abroad improved earn- 
ings. The company's stock fell 37.5 cents in late trading to $35.75^ 

Charges Cause Lotus to Post Loss ^ 

CAMBRIDGE, Massachusetts (AP) — Lotus Development 
Corp. on Tuesday reported a third-quarter loss and a drop m 
revenue. 

Lotus said it lost $66.4 million m the quarter. A year cate, tort 
company had profit of $183 million. Lotus acquired SoftSwitco 
Inc. and Edge Research Inc. during the quarter, resulting in 
acquisi tion (marges of $67.9 minion. The company also had a 
charge of $9 million to cover a restructuring in Europe. 

Revenue was $2353 million, a 2 percent drop. Jim Manzi, tte 
company’s chief executive, called the results “disappointing. The 
company's stock fell $1,125 to $34.9375. • 

Eli TJHy Third Qnarter Wet Rises 

INDIANAPOLIS, (Reuters) - Eli Lilly & Co. reported strong- 
third quarter sales and earnings Tuesday, and said it would post 
good results for the full year. 

The company’s profit increased 8 percent to $318.7 miUiog, 
while sales increased 19 percent to $1.82 billion. Worldwide 
pha rmaceutical sales for the quarter grew 25 percent, led by strong 
growth in Prozac, an anti-depressant agent. * 

Long Distance Brings Sprint Profit ’ 

KANSAS CITY, Missouri (AP) — Sprint Corp- said Tuesday 
its third-quarter profit rose sharply following a 3 1 percent surge in 
the operating income of its core long distance business. 

Sprint reported a profit of $230 million, 89 percent higher than 
the $122 milli on the company earned in the period a year ago.. 
Revenue rose 13 percent to $333 billion. < 

The company said operating income in long distance was $165 
million, up from $126 million a year ago, reflecting higher calling 
rates by customers and greater efficiency by the company. Sprint 
is the third-largest U.S. long distance company behind AT&T 
Corp. and MCI Communications Corp. « 

FortheRecord < 

Genentech Inc. said its third-quarter profit more than doubled 
to $33.6 million, while revenue climbed 17 percent to $193.8 
million. The company said sales of the drugs Activase, a blood dot 
dissolver, and Pulmozyme, which is for cystic fibrosis, contributed 
to the rise in profit. T • (Bloomberg) 

Polaroid Corp. said a solid rise in sales in Russia and a cat in 
manufacturing costs helped third quarter operating profit rise 19 
percent to $293 million. - - (Reuters) 

Honeywefl Inc. .reported a 14 percent drop in third-quarter 
- earnings despite improved sales. HoneyWdl earned $69.4 million 
down from $80.9 imllion a year ago. Sales were $13 billion, up 4 
percent- (AP) 


Season season 
Htoti Low 


Open HWt low dose Ctig Oo.ml 


<10 1 X 70 
fit 486 
-17 491 

«u a 


16176 l «00 Dec W 16480.14159 16054 16108 < rs - 06*0 

14116 IA 64 DMir 95 14110 I 4 D 0 16070 160*2 *18 454 

16800 1 X 348 Jun 95 14858 118 8 

Est. soles NA Man’s, sales 14437 
(Won’s open H 46343 up 433 

CANADIAN DOLLAR (CM£R) smt*. lsaMequaliSUBI 
87670 OJtWDecM 87377 073*1 87376 0 J 386 *9 36 X 18 

8)605 87020 MOT 95 07383 07384 07378 07382 »10 1470 

07522 069 * 0 Jun 95 07X4 07364 07364 87372 HI 486 

07438 OffJMSepH 87357 -13 491 

07400 07 WODec 9 S 07341 -13 <3 

Est sc** N .6 Man's, sales 8 X 56 
Men’saoenM 38728 up 2*8 ' 

GERMAN MARK (CMER) tMrmM-i DoMItcwSHSOaOH 
04700 85590 Dec 94 OM 7 D 04478 86644 04657 —18 90780 

86711 0 J 0 W*ta 95 06667 06680 06657 06667 —19 6,189 

06700 05900 Jun 95 04470 06475 86670 06601 —20 613 

HAS* 86347 Sep 93 06694 -21 75 

Est.srfn NA Man’s. Ides 43 X 0 
Mon'sopen inf 95.157 UP 2106 

JAPANESE YRN (CMER) lD*rMn-lM>nt«auul> wmon 
001 B 4900 J 1095 i 25 Dtc 94 0 X 10292 BXH 796 O 010 Z 3 BUn 0278 -20 57 X 90 

8 DI 05600 X 0948 QMor 958010340 X 110440 X 103300 X 10159 -20 4,170 
0 X 1 06700 . 009774 Jrai 95 001045500104550 X 1 04450 X 1 0455 -20 494 

OOlO 77 S)X 102 IBSa> 9 SOXl(H 438 OH» 42 OXlO 542 OOlOS 47 -20 B 
aOlOMOaXlOUIDacOS 8010640 —30 . II 

Est. sales HA Man's, sales 27 X 89 
Mon'sopen lnt 61852 up 102 
SWISS FRANC (CMER) smtUiwc- ImMaMMIONI 
0 X 060 86885 Dec 94 0 X 031 0 X 8(3 DX 00 B 3 X 033 — J 41,170 

0 X 087 87420 Mar 95 080*8 96041 9 X 042 0 X 063 ~t 1 XZ 3 . 

0 X 110 0 . 74*4 Jun 95 0.8098 —5 

0 X 140 OJIJO SeotS 9 X 130 -3 3 

EsI sales na Man’s, soles 2 SJ 8 * 

Man 's open ini 42,255 up 2M3 


17 X 6 1722 

1722 1725 

17.40 1762 

17 X 0 17 X 2 

17 X 5 17 X 3 

17-50 17 X 4 

17 X 6 17 X 7 

17 X 2 17 X 0 

17 X 6 17 X 4 

17 X 0 
1768 1767 

1722 1765 

1729 1767 

1723 176 * 
1723 
1728 
17 X 3 
17 X 5 
17.91 
18 X 7 


Slack Indexes 

y^COMP. W06X (CMao M.WI 

487.10 42*J0Oac«i 469.95 470X0 46760 44BJ0 — 1X5917 w 
MM <71» 47115 470X0 S?3 -U0 *x2 
IBM MflDJM. . . .475,15 ■/Si 

48*00 *Z»5tOW J** Z\j& ^ 

Estidef NA Mon's, sales 57X38 320 

UurtMWiai m*« oE 1)80 
NYSE amp. INDBX N IMIII4CM 


21460 348X1 Mar 95 H*JB 2X1X6 2S25 258.93 — n«n 

765.08 H4MJUOH Ml* 26108 261 J» 

2*460 ZBJBSM93 263X0 H2X8 282X9 261 JO 
Esc sales NA Moo's.soim 2X50 
Mrai^oMPlat 4X49 up 47 









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Yeltsin Names 


At Central Bank 


Compiled by Oar Staff From Dispatcher 

_ MOSCOW — President Bo- 
ris N. Yeltsin named a new 
head of the Russian central 
hank Tuesday, choosing a little- 
known deputy chairman to re- 
place Viktor Gerashchenko and 
dealing the way for talks with 
the International Monetary 
Fund on reforms. 

Tatyana Paramonova, sec- 
ond-ranking official at the Rus- 
sian central bank and the one 
most recently responsible for 
credit policy, was appointed 
temporary chairwoman. Her 
nomination follows that of An- 
drei Vavilov as acting finance 
minister last week. 

The appointments allow an 
IMF team, currently in Mos- 
-§ow, to talk to officials who 
nave political backing. Western 


Brau & Brunen 
Buys Two Brands 
ToBeBiggest 

Bloomberg Basinas Hews 

*«■ DORTMUND, Germany — 
In a bid to become Germany’s 
targest brewer, Brau & Bnmnen 
AG said Tuesday it would buy 
Bavaria-St. Pauh Brau end from 
Gebrflder Mfixz AG. 

“Through the takeover of Ba- 
varia-SL Pauli Brauerei, Brau & 
Bnmnen will be the largest Ger- 
man brewing group,” toe com- 
pany said. 

' The companies did not dis- 
close details of the proposed 
acquisition. Both companies’ 
supervisory boards and toe 
Goman Cartel Office must ap- 
prove toe agreement, 
i Bavaria-St. Pauli Brauerei 
brakes Jever and Astra beers. It 
rs not related to the maker of St. 
Pauli brand beer. 

Mfirz said in August it want- 
ed to sell its brewery business to 
Tfcut its debt In toe transaction, 
(MSiz kept its Jever, Hennmger 
and Eichbaum brands. 


officials dose to the negotia- 
tions said. 

Senior Western economists 
who have advised Mr. Yeltsin 
said the recent collapse of toe 
ruble, which was triggered by 
mounting concern over Russia's 
economic policies, was a warn- 
ing that toe government had a 
limited time to reach an agree- 
ment with the IMF on a pack- 
age of economic reforms. 

Moscow analysts said the ru- 
ble was still unstable, although 
it held steady Tuesday and was 
quoted at £996 to the dollar. 
The currency dropped 27 per- 
cent Oct. 1 1 but later recovered 
most erf the decline — though 
not before the finance minister 
and central bank chief had lost 
their jobs. 

“The ruble would fall if toe 
central bank wasn’t interven- 
ing” Igor Doronin, chief ana- 
lyst at the Moscow Interbank 
Currency Exchange, said Tues- 
day. 

A central bank official who 
spoke on condition of anonym- 
ity said the central bank had 
spent $2.6 billion to $3 billion 
smee August to try to defend toe 
ruble. He said Russia’s reserves 
were low and that about SI bil- 
lion of them consisted of gold. 

Last week, Alexander Zak- 
harov, general director of toe 
Moscow exchange; said the cen- 
tral bank had just S2 billion of 
reserves left 

IMF officials are in Moscow 
for talks on a new package of 
economic reforms aimed at 
curbing inflation, which surged 
to a monthly rate of 7.7 percent 
in September from 4.5 percent 
the previous month. An agree- 
ment would release billions of 
dollars of financial assistance 
for Russia, including about $6 
billion to help stabilize toe ru- 
ble. 

IMF officials blame toe ac- 
celeration in inflation on a 
swollen money supply after the 
awarding of large credits by the 
central bank to various sectors. 

(Bloomberg. Reuters) 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 


State Sales Slow in Italy 

Berlusconi’s Pace Trails Predecessors' 


Bloomberg Bustness News 

ROME — When Silvio Berlusconi moved 
into toe prime minister’s office in May, his 
government's pro-business platform was ex- 
pected to result in faster sales of state-con- 
trolled companies. 

Five months later, however, its policy of 
selling state-owned companies is bogged 
down and lagging behind toe pace set by its 
predecessors. 

“The general belief is that privatizations 
have been pushed back.” said Allan Raphael, 
senior vice president and fund manager at toe 
New York-based investment bank Arahold & 
Bleich. 

Many analysts say the next sale may be 
more than a year away. 

Giovanni Agnelli, head of Fiat SpA, Italy’s 
largest nonstate industrial group, said recent- 
ly that the slow pace of stare-asset sales was 
toe most disappointing aspect of toe govern- 
ment “The government is doing too lit lie and 
moving too slowly,” he said. 

Analysts, political scientists and fund man- 
agers attribute the delays to the government’s 
inability to reach agreement on a variety of 
issues. They also say ultraconservative de- 
ments in Mr. Berlusconi's government oppose 
selling state assets to individuals or private 
companies and are slowing down the sales. 

These same critics, however, concede that 
toe easy sales are out of toe way and that 
those remaining are the more difficult ones. 
Earlier sales involved companies already op- 
erating in competitive fields, while the next 
groups to be privatized are monopolies. 

Although investors and economists favor 
privatization to reduce the government’s hold 
on toe economy, many said the delay may 
turn out to be a positive development if it 
gives toe government time to correct mistakes 
made on earlier sales and solve its own budget 
problems. 

“I think the government is correct to say 
let’s get a handle on toe economy before 
privatizing again,” said Paul Dionne, head of 
PYD Advisories, a group that represents in- 
stitutional investors. 

It was the government’s perceived inability 
to handle budget problems that sent the stock 
market reding in toe past few months and 
took toe shares of recently privatized compa- 
nies below their sale price. 

In addition, new rules are needed to avoid 
what happened with some early sales, when 
groups allied with toe powerful investment 
bank Mediobanca SpA bought enough shares 
to take control of their boards despite limits 
on how much each group could control. 

“Everyone is in complete agreement that 
contrary to toe original expectations, Italy's 
privatizations haven't created true public 


companies,” said Mr. Dionne. Government 
control of many companies such as toe bank 
Credito Italiano SpA was an-Jiangad for 
monolithic control by Mediobanca, be said. 

The Berlusconi government has sold a 51 
percent stake in the insurance company Isti- 
tuto Nazionale defle Assicuraziom SpA and 
part of toe state steel company Acriai Spedali 
Terni. But the groundwork for those sales was 
done by the previous government of Prime 
Minister Carlo Azegho Ciampi. 

Saks of the telephone company STET SpA 
and electrical utility ENEL SpA were sup- 
posed to take place this autumn but have been 
put off at least until toe middle of next year. 
Meanwhile, negotiations for the sale of the 
food-processing company SME Meridonale 
and toe steelmaker fiva Laminati Piani are 
dragging on. 

Mr. Berlusconi says the delays are the re- 
sult of a series of political controversies that 


The general belief is that 
privatizations have been 
poshed back. 9 

Allan Raphael, Arnhold & Bleich 
investment bank 


have left him with little time for anything else. 
They include conflict-of-interest problems 
arising from his ownership of a major media 
company, Fminvest SpA 

But some say the neofascists in Mr. Berlus- 
coni's coalition are mostly to blame for toe 
delays in toe privatizations. Gianfranco Fini, 
leader of toe neofascist National Alliance, has 
said the government shouldn't r elinquish con- 
trol over “strategic” sectors. 

The delays have hurt STET, which has 
some shares already quoted. Since the Mibtel 
index of 314 Italian stocks hit its 52-week 
high on May 10 , the in dex has fallen aboot 20 
percent, while STETs shares are down 25 
percent 

The government’s latest schedule, con- 
tained in the 19 95 budget, says stakes in 
ENEL and STET will be sold early next year. 

It also calls for the rest of IM1 to be sold by 
toe start of 1995 and another tranche of IMA 
to be sold in toe second half. 

The budget did not mention Ente Nazion- 
ale Idrocarburi SpA, the profitable state ener- 
gy group that toe previous government 
planned to sell and whose managers are pre- 
paring a stock market listing. 

Mr. Berlusconi's chief of staff, Gianni 
Letta, said toe omission of ENI was an over- 
sight and that it, too, would go on the block. 


Page 13 




Interest 
Cuts Net at 

S mith Kline 

Bloomberg Burma* News 

LONDON — Smi th Klin e 
Beecham PLC reported a 2 per- 
cent decline in third-quarter 
pretax profit, to £285 million 
($459 million), on Tuesday, as 
interest charges rose because of 
major acquisitions the company 
has made recently. 

But the company said world- 
wide sales rose 8 percent to 
£1.58 billion. 

SmithKline said interest 
charges rose to £17 million in 
the quarter. 

Since Jan Leschly took over 
from Robert P. Bauman as 
chief executive in April, 
SmithKline has made several 
major acquisitions. 

On May 3, toe company 
bought Diversified, toe third- 
largest U.S. pharmacy benefits 
manager, for $23 billion. 

On Aug. 29, SmithKline an- 
nounced it would purchase 
Sterling Winthrop Inc. from 
Eastman Kodak Co. for $2.95 
billion. Two weeks later, 
SmithKline sold toe U.S. and 
Canadian arms of Sterling Win- 
throp to Bayer AG of Germany 
for $1 billion. 

Sales of new products rose 83 
percent, to £341 million, 
S mithKlin e said, compensating 
for a sharp decline in sales of its 
leading anti-ulcer drug, Taga- 
met, mulling from competition 
from generic products. 

SmithKline shares fell 7 
pence, to 430. 


For 

investment 

information 

rprjrl 

THE MONEY 
REPORT 
every 
Saturday 
in the 
IHT 


Investor’s Europe 





Parte 

Stoctfooiro ■ 
Vtetma 
Zurich " 

Sources: Reiners, 


AEX. 

Stock index 
DAX 
FAZ ■. 

HEX . 

FlnancM Times 30 
FTSEIOO 
General Index 

moth. 

CAC4Q,. 

Attaorsvaeridsn 
Stock Index 
BBS 
AFP 


1^9J0 

429,77 

906.74 


40&44 -0.72 

7,22236 +0.03 

2,06088 -0.29 

785.86 -1.78 

1.96133 -0.74 

2,40040 -1.09 

3,120.20 -1,12 

30224 -1.44 

10143 -132 

1,906.42 -0.41 

1,87834 4X45 

43132 -0.41 

917,57 -1.18 

lounuuaaal Hcndd Tntaac 


Very briefly: 

• Bouygues SA, a French construction company, said first-half net 
rose 19 percent, to 94 million francs ($18 million}. 

• Banco Popular Espafiol SA said the bank's total 1994 gross 
dividend would not be below the 790 pesetas ($6.30) paid in 1993 
and reiterated that the bank expected 1994 profit to be flat. 

• Union Texas Petroleum Holdings Inc. said it agreed to buy 
Petrofina SA of Belgium’s 1 1 percent interest in the Britannia, a 
natural gas and condensate Add, for $190 million. 

• Morgan Stanley Group Inc. named David Walker, the deputy 
chair man of LJqyds Bank PLC and a veteran of toe Bank of 
England and British Treasury, as its European chairman. 

• Volkswagen AG, Europe's largest carmaker, said it would launch 
a car by the end of toe decade that would go about 100 kilometers 
on three liters of gasoline (90 miles per gallon). 

• Spanish financier Javier de la Rosa was arrested in Barcelona, 
four days after a court issued a warrant for him on charges of 
irregularities in managin g his company, Grand Tibidabo. 

• Hoogovens NV, toe only major Dutch steel company, said its 
manufacturing and trading unit planned to form a joint venture 
with a Dutch subsidiary of KKckner & Co. of Germany to be 
called Hoogovens Handel BV. 

• Thomson-CSF SA of France said its first-half net profit fell 93 
percent to 31 million francs because of a 725 million franc loss 
from its 22 percent stake in Cr&fit Lyonnais. 

• Mercury One-2-One, owned by U S West Inc. said it would 
invest £230 million ($363 million) to complete the next phase of 
toe planned expansion of its mobile phone network. 

AFX, AP, Bloomberg. Reuters 


NASDAQ 

TuMday'aApjn. 

This Hst compiled by the AP, consists of the 1,000 
most traded securities In terms of dollar value, it ie 
■ ' updated twice a year. 


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IWTEBJiATIOIVAl HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 ' 


Tokyo Exchange Easing 
Rules to Keep Listings 


Roden 

TOKYO — Seeking to stem 
an exodus of foreign compa- 
nies, the Tokyo Stock Exchange 
will substantially relax listing 
requirements, perhaps by the 
end of the year, the exchange’s 
president, MStsuhide Yamagu- 
cbi, said Tuesday, 

The exchange is particularly 
trying to attract Asian compa- 
nies. Mr. Yamsgpchi noted. 
Many of those already here are 
delisting, dting high costs and 
scant trading in their shares. 

At the same time, the ex- 
change is alarmed that some 
Asian companies are bypassing 
Tokyo to list their shares in 
New York. 

"We would like to make the 
changes as soon as possible and 
as much as possible without 
waiting for the year-end,” Mr. 
Yamaguchi said. 

“Many things have been con- 
sidered to revitalize the foreign 
section of the exchange. We 
would like to ease regulations in 
order to open our doors to 
Asian companies.” 

Current guidelines for for- 
eign share listings focus on 
fywnpanlas from industrialized 
countries, which have been de- 
listing in recent years because 

of the high cost of main taming 
listings and a perceived lack of 


LIFFE Weighs 
Singapore link 

Agatcc Ftonce-Praae 

LONDON — The Lon- 
don International Finan- 
cial Futures Exchange and 
the Singapore International 
Monetary Exchange have 
begun talks on a possible 
link, the London exchange 
said Tuesday. 

“The initial focus that 
has been given to these dis- 
cussions has been the natu- 
ral role that SIMEX could 
p lay in the distribution of 
LIFFE’s Emomaik futures 
contract in the Asian time 
zone,” it said. 

The exchanges already 
have an agreement under 
which the SIMEX may use 
the settlement price of 
LIFFE’s Euromark contract 
to settle its own each quarter. 


effort by Japanese brokers to 
sell their shares. 

At the peak in 1992. there 
were 127 foreign companies 
listed on the Tokyo exchange's 
foreign section. TTiat will drop 
to 93 when the most recently 
announced delistings take ef- 
fect by the end of the year. 

Mr. Yamaguchi said the ex- 
change would slash capital re- 
quirements, lowering the mini- 
mum net assets needed to 10 
tallion yen (S102 million) from 
100 biHioD yen. Minimum pre- 
tax profit requirements will be 
cut to 2 billion yen for each of 
the three years before listing, 
from 20 billion yen. 

The Tokyo Stock Exchange is 
also considering opening the 
door to some foreign companies 
that are not listed m their home 
countries, and it is looking for 
ways to reduce costs of main- 
taining listing s caused by such 
expenses as translating docu- 
ments into Japanese, Mr. Ya- 
maguchi said. 

u On the latter issue, we have 
to talk to the Japanese govern- 
ment to persuade it to allow 
deregulation,” he said. 

The exchange has not offi- 
cially hatred the tisting of com- 
panies from other Asian coun- 
tries, but in the past it has 
rejected such companies 


through “guidance” given to 
Japanese underwriters. No 
Asian companies are currently 
feted in Tokvo. 

Finding a formula for disclo- 
sure that meets Asian corporate 
needs while satisfying Japanese 
investors and the Finance Min- 
istry could be difficult, howev- 
er, some brokers said. 

Investors in Tokyo are eager 
to buy Asian shares and are 
doing so on overseas exchanges. 
"If they are attractive compa- 
nies, Japanese investors will 
buy the shares,” a broker said. 

But another broker said re- 
laxed disclosure requirements 
such as allowing the Tiling of 
reports in languages other Lban 
Japanese could put off domes- 
tic investors. “In addirion to 
price risk and currency risk, 
there is the risk of lack of infor- 
mation as well,” the broker 
said. “If the exchange eases dis- 
closure requirements, that helps 
the firms, but it decreases the 
amount of information in the 
form investors want It’s hard to 
match the different needs.” 

Concern about foreign list- 
ings is part of a fear in Japan of 
a financial “hoD owing out,” in 
which financial business mi- 
grates to other Asian or over- 
seas markets. 


! Boeing Invites Taipei 
To Help Manufacture 
A Twin-Engine Jet 

Compiled bv Our Sufff From Dispatches 

TAIPEI — Ronald Woodard, president of Boeing Co.’s 
Commercial Airplane Group, invited Taiwan on Tuesday to 
join the company in developing a twin-engine regional jet- 
liner, and Taiwan officials said the country planned to take a 
20 percent stake in the project. 

There was no confirmation by the government, however, of 
the officials' remarks. 

Mr. Woodard proposed the 100-seal jet project to President 
Lee Teng-hui at a meeting at the presidential office, said 
David Chu, director of the Economic Minis try’s Committee 
for Aviation and Space Industry Development. Mr. Chu, who 
was at the meeting, quoted Mr. Woodard as saying that 
Boeing also had spoken with China, Japan and South Korea 
about taking part in the project. 

No other details of the project were mentioned, he said. 

Mr. Woodard previously said Boeing was carrying out 
feasibility studies with Japan and China that could lead to the 
launch of a model within 18 months. 

Mr. Lee told Mr. Woodard that Taiwan was determined to 
develop its aerospace industry and upgrade its technology, 
according to a statement released by the government. Mr. 
Woodard promised to transfer technology to the island if the 
joint venture deal was struck, according to the statement 

Mr. Chu said Taiwan would lose the chance to be an 
important player in the international aerospace market if it 
could not participate in the Boeing program 

A proposed deal between Taiwan Aerospace Corp.. which is 
29 percent government-owned, and British Aerospace PLC to 
produce regional jets has been stalled since September 1993; 
the two sides disagreed on (he scale of technology transfer. 

Taiwan Aerospace two years ago abandoned a $2 billion 
plan to buy a 40 percent stake in McDonnell Douglas Corp.’s 
commercial aircraft unit to produce passenger jets. 

(AP, AFP. AFX) 


Cosmetics Get Another Look in China 


Reuters 

BHUING — At the Shiseado Beauty 
Center, well-dressed women who have 
bought 1,000 yuan ($118) worth of the 
center’s products get a free facial from 
elegant masseuses dressed in purple 
blouses and black skirts. 

Across town, at the No. 3 Daily Necessi- 
ties Chemical Factory, two women in over- 
alls rush to put small bottles below a ma- 
■ chine spitting out face cream that retails 
for just 3 yuan. 

They represent the two faces of China's 
booming cosmetics business, which has 
grown an average of more than 25 percent 
a year since 1984. 

Sales this year will total nearly 10 billion 
yuan, up from 9 billion yuan last year and 
about 200 yuan million in 1982. 

"Cosmetics started in China at the impe- 
rial court in the Sui Dynasty," said Wen 
Jie, executive director of the China Associ- 
ation of Refined Perfume and Cosmetics. 

“In the 1950s, during the reconstruction 


after the civil war, we promoted simplicity. 
In those days, the industry was very small 
Now we have 22200 factories nationwide, in 
all parts of China except Tibet,” she said. 

Such rapid growth and easy profits have 
attracted many local companies as well as 
foreign makers such as Procter & Gamble 
Co., Shiseido Co. Pond’s and WeUa AG. 

Ms. Wen said domestic sales of the 150 
joint ventures in the field are running at 
900 milli on yuan, about 10 percent of the 
market State firms account for 40 percent, 
with the rest taken by rural, collective or 
private companies. 

The duty on imported cosmetics is 120 
percent making such products available 
only to the super-rich. 

The industry has grown too quickly, as 
far as the State Planning Commission is 
concerned. This month it listed cosmetics 
as one of 10 sectors in which people should 
not invest because there were already 
more than 1,000 products, many of them 
stacked in warehouses and unsalable. 


Ms. Wen said competition, already 
spreading to rural areas, was fierce. 

"This industry cannot be limited," she 
said. “It will develop on its own through 
natural competition. The firms that cannot 
survive will go to the wall” 

One of the main battlegrounds is the 
media, which profits handsomely from the 
heavy spending on advertising. 

Chen Li of the Li Yuan Him that owns 
the No. 3 plant said television was the key 
medium. 

The cost of five seconds of peak time on 
Beijing television tripled to 150,000 yuan 
this year from last year s level and will rise 
to 200,000 in 1995, she said. 

A horizontal column of advertising in 
the popular Beijing Evening News costs 
15,000 yuan. 

Advertising accounts for 50 percent of 
the cost of bringing an item to the market, 
she said, compared with 10 percent for 
production and 40 percent for packaging. 


NYSE 

Tiiiiiliv't Clnttno 

Tables include the nattonwide prices up to 
the dosing on Wall Street and do not reflect 
tale trades euawhers. Wa The Associated Press 

(Continued) 


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Malaysia Bank Makes Bid 

Agrnce Fnuve-Prcttc 

KUALA LUMPUR — Bank Simpanan Nasional, Malaysia’s 
state-owned national savings bank, has bid for a 70 percent stake 
in Rakyat First Merchant Bankers Bhd., officials said Tuesday. 

"It will be a dean takeover minus debts and liabilities,” the 
savings bank's chairman, Zahid Hamidi said, adding that Rakyat 
Merchant Bankers would be the bank's merchant banking arm. 
He said tbe purchase, to be funded from the bank's internal funds 
induding deposits totaling 4.6 billion ringgit ($2 billion), could 
hdp the bank rid itself of its "post office bank” image. 

Bank Simpanan Nasional in April made its foray into commer- 
cial banking by acquiring a controlling stake in Bank Bumh 
(Malaysia) Bhd. 

The Business Times financial daily reported Tuesday that Bank 
Simpanan Nasional recently submitted a bid for the troubled 
merchant bank to Deputy Prime Minister Anwar Ibrahim, who is 
also finance minister, to establish itself as a financial supermarket. 




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Page 15 

asia/pacific 


MT Faces 
Battle Over 
Local Data 
Circuitry 

Compiled by Our Staff From Dispatches 

TOKYO — Japan Telecom 
Co. petitioned the Japanese 
Ministry of Posts and Telecom- 
munications on Tuesday to or- 
der Nippon Telegraph & Tele- 
phone Corp. to provide greater 
access to local phone circuitry. 

Japan Telecom charged that 
NTT, Japan’s largest telecom- 


Hong Kong 
Hang Sen g 


Singapore 

Straits Times 


Tokyo v.:.. 

Nikkei 225. 


i owe.- : 



'.*■ . “ ■ . 


2230 — — 


M J J ASO 
IBM 


M-jttt 

1994 


M' J J A S O 

1994 


Exchange 
Hong Kong 


Tuesday Prev, % 

Close ' - Close Change 
9.41A-57 9.455.94 43.40 

2^83L98 2^87.57 -0.15 

2 . 003.40 2,01450 - 0.54 

19 ^ 32^0 19 . 958^9 +oTl 7 

1 , 118.74 1 . 126.12 - 0.66 

1 ^ 01.66 1 , 509.47 - 0.52 

1,11129 1 . 109.87 + 0.31 

6,75533 6 , 731.23 + 0.38 

3 , 082:95 3 . 050.14 + 1.40 

510.63 511 . 34 ' - 0 .iV 

2.052.41 2,066.38 - 0 £ 3 ~ 

2.043J54 2.055.47 -0.58 


muni cations company, had ig- 
nored a requ est for permission 
to use NTT’s local circuits for a 
new type or data transmission 
service, according to ministry 
officials. 

Japan Telecom said it took 
the step after the two compa- 
nies failed to reach an agree- 
ment after nearly two years of 
negotiations. 

An NTT spokesman said it 
was “regrettable that the one 
side sought intervention of the 
government while the negotia- 
tions are still going on.” 

Japan Telecom was formed in 
1986 after the government 
stripped NTT of its monopoly 
on long-distance phone services. 

The ministry plans to investi- 
gate the matter over the next 
month or two and then submit a 
report to Transportation Minis- 
ter Shun Oide; a ministry offi- 
cial said. Mr. Oide will then 
make a formal derision on the 
matter, the official said. 

Japan Telecom hopes to pio- 
neer the commercialization of 
so-called frame-relay data 
transmission by tapping in to 
the disputed circuits because 
operating expenses for the new 
technology are about a tenth 
the cost of traditional data- 
transmission services, the Ni- 
hon Keizai newspaper reported. 

The government will proba- 
bly come out m favor of Japan 
Telecom by year-end, accord- 
ing to Koniniko Kawada, an 
analyst at James Capel in To- 
kyo. 

Such a move would be consis- 
tent with government efforts to 
liberalize the industry and spur 
competition and development 
on the home front, he said. 

NTT’s share price fell 4,000 
yen, to 889,000 (S9.035). 

(Bloomberg. AFX) 


H ong Kong Hang Swig 
gngapore~T Straits Times 
Sydney ^ 

Tokyo Nikkei 225 

KuataLumpor Composite 
Bangkok SET 
Seoul . ' ' ' Composite Stock 

Taipei ” Weighted Price 
Manila ' PSE 
Jakarta Stock index 

New Zealand NZSE-40 
Bombay "^J^^aTindQjr" - 
Sources: Fteuters, AFP 


9,41fiJ>7 

%383J8 

2,003.40 


1,501.66 

1,11129 

6,75533 

”3,082.05 

510.63* 

2^J52.41 

2,04154 


bilenuiHHUl I IcnU Tribune 


Very brleflys 

• Toyota Motor Corp. and Nissan Motor Co.. Japan's largest 
automakers, said production in Japan had fallen significantly this 
year, while production overseas had risen. 

■ Itafen-Thai Development PLC signed an agreement with the 
Philippine government that could lead to commercial develop- 
ment valued at S3 billion at Clark Air Force Base, a former U.S. 
military facility, a company executive said. 

• General Motors Hughes Electronics signed a S120 million 
contract to supply telecommunications equipment in Vietnam. 

• Vietnam said it expected its economy to grow 8 5 percent in 
1994, the largest annual increase so far this decade. 

• South Korea's President Kim Young Sam said the country’s 
economy was set to grow more than 8 percent during the year. 

■ Singapore Telecom said the world's longest underwater optical 
fiber cable, stretching from Singapore to France via the Indian 
Ocean, had been switched on, linking cable systems that span the 
Pacific and Atlantic oceans to provide a fiber optic path that now 
circles the globe. 

• Japan's industrial production rose a revised 3.9 percent in 
August from the previous month, compared with a preliminary' 
figure of 3.8 percent. 

• Television Broadcasts, Hong Kong's leading television station, 
has received government approval to set up a regional satellite 
television broadcasting system. 

• The PUfippines will expand sales of oil and mining companies 

formerly held by associates of former President Ferdinand E. 
Marcos. AP. Reuters. AFP. Bloomberg 


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Page 16 

AMEX 

Tuesday's Closing 

Tables include the nationwide prices up to 
e 00 Wa " &xwi and do not re flag 

date trades elsewhere. Via The Associated Press 


1? Month Oj 

HWi LOW Start Dh. YM PE 100s Htei-i 


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Page 18 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 


On November 22nd, the IHT plans to publish 
a Sponsored Section on 

Lebanon 

Among the topics to be covered are: 

■ The reconstruction of Beirut. 

■ Strengthening the asset base of the 
banking sector. 

■ The return of flight capital. 

■ The bidding contest for $2 billion in 
contracts. 

■ Rebuilding the tourism sector. 

For further i ntormation. please contact 
Bill Mahder in Pans at (33- 1) 46 37 93 76. 
fax: (33- 1)4637 50 44 

fk iYTEKMUHVU M 

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Mexico Goes Global in Opening of Financial Markets 

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significant return on investment 
U.S. Tel. 407-253-5454 W L 

U.S- Fax 407-253-6130 wqhoi*u;>»i • fljskusa 


By Tim Golden 

iV?H FinrA Timci Semite 

MEXICO CITY — Taking a final step to open 
Mexico's financial markets to the world, the 
government has announced that it will allow 46 
foreign banks, securities firms and insurance 
companies to begin operations in the country. 

Finance Minister Pedro Aspe ArmeUa said the 
foreign companies thaL gained places in the 
growing Mexican financial services market were 
! expected to start doing business here by June. 

I Though the government did not act on 50 
i pending applications to set up mutual funds and 
other kinds of financial enterprises, it sanctioned 
nearly all the banks, brokerages and insurance 
companies that applied 

The welcoming of banks such as J.P. Morgan. 
Citibank and Chemical Banking represents a 
milestone in the economic restructuring begun in 
1985 and expanded under the six-year adminis- 
tration of President Carlos Salinas de Gortari. 
who is to leave office on Dec. 1 . 


Only a dozen years ago. having defaulted on 
its foreign debt, the government nationalized 18 
of The country's 20 banks and helped plunge the 
economy into six years of inflationary chaos. The 
opening of Mexico's financial industry was con- 
sidered a major U.S. victory in negotiations for 
the North American Free Trade AgreemenL 

But it is unlikely to have striking effects now. 
Because the foreign bankers and brokers are 
expected to focus their business somewhat nar- 
rowly and will be limited in the market share 
they' can gain, many analysts say competition 
will increase only gradually. 

"This is certainly going to have an impact" 
the deputy finance secretary in charge of bank- 
ing. Guillermo Ortiz Martinez, insisted Monday 
night “1 don't think it is going to have a dramatic 
impact or one that happens overnight But it will 
certainly contribute to greater competition and 
lower margins." 

Similarly, business is unlikely to undergo radi- 
cal change at the 16 freshly approved securities 


firms, which include U-S. companies such as 
Goldman Sachs. Merrill Lynch and Lehman 
Brothers as well as European companies such as 
James Capel and Baring. 

“For the U.S. houses that already have signifi- 
cant trading activity in Mexican stocks in New 
York, most of what there will be is a moving of 
that activity to Mexico.” said Justin Manson. who 
will open a brokerage office for Morgan Stanley. 

In die short run. the move may end up primar- 
ily giving a modest boost to the beleaguered 
image of the government and the relatively slug- 
gish economy, which is to grow 2.8 percent this 
year, according to the latest official projection. 

Mr. Aspe said the foreign financial companies 
would bring Mexico $12 billion in direct foreign 
investment. Despite the trade agreement's imple- 
mentation in January*, new foreign investment in 
Mexico this year had totaled a somewhat disap- 
pointing S8.9 billion as of the end of AugusL 
compared with S15.6 billion for 1993. 

“It’s a vote of confidence for the government 


that all these companies are willing to put up Ut e 

money to come and start an office, said Stefa4 0 

Natella, director of Latin American research at 
CS First Boston in New York. 

“But from a business point of view. I m not sp 
sure,” he added. "Is there a lot of business tU 
these companies are going to be able to do now 
that they were not able to do before? In soae 
sectors, competition is already extremely brisk* 
Under the trade accord. American and Cana, 
dian banks and brokerages are to receive 4c 
same treatment from the government as their 
local competitors. To atlract more investors, &e 
Salin as administration extended that protection 
to other foreign applicants. ' 

The catch is that each foreign bank will be 
restricted in the amount Of risk assets they edr, 
bring to Mexico; none can gain more than 3 1,5 
percent share of the market. As a whole, foreign 
brokerages are limited to a 10 percent market 
share and foreign banks to S percent thisycar, 
with the figure rising to 15 percent by *000. ' 


LARSON: What Will Happen to Tar Side ’ Calendars, Cards and Books Once the Daily Cartoon Disappears ?: 


Continued from Page II 
is doubled when the strip also 
runs on Sundays. 

Although contracts vary, the 
artist generally splits that reve- 
nue evenly with the syndicator, 
though a powerhouse such as 
Mr. Larson certainly would 
have more bargaining power. 
Mr. Salem estimated that week- 
ly syndication revenue for “The 
Far Side” was in “the low to 
middle five figures.” 

The same revenue-sharing 


formula holds for Lhe vastly 
more lucrative areas of licens- 
ing and merchandising. .After 
they appear in newspapers. 
“Far Side” cartoons are sem on 
a three- to five-year sequential 
journey into “Far Side" books, 
calendars, greeting cards and 
other products. 

During the last 1 5 years. .An- 
drews & McMeel has printed 26 
milli on “Far Side*’ books, most 
of them paperbacks selling for 
S5 to SI 3. Of the 19 “Far Side" 


titles published since 1980. only 
the first one did not appear oh 
The New York Times paper- 
back best-seller lisL 

For Lhe last 10 years the fa- 
miliar “Far Side Off-th e-Wall 
Calendar,” a small paper cube 
consisting of 365 tear-off car- 
toons. has been the best-selling 
calendar in America. The 1994 
edition, which retails for about 
$10, sold 5.4 milli on copies. 

New cards, books and calen- 
dars bearing recycled “Far 


Side” cartoons are in the pipe- 
line. and retailers are already 
warily contemplating their 
prospects after Mr. Larson's re- 
tirement. 

“There’ll be strong demand 
for the book they’ve scheduled 
for next fall,” said Scott Fergu- 
son, who is in charge of buying 
humor books for the giant Wal- 
denbooks chain, “but beyond 
that, without the constant re- 
minder of the comic strip, I 
think demand will fall” 


The IHT Desk Diary 
For the time of your life. 





Half your life 's story — or even more — 
is inscribed on the pages of your desk diary. Yet 
when you travel or go to meetings , most desk 
diaries are too cumbersome to take along. 

Thar's why the International Herald 
Tribune — constantly alert to the needs of 
busy executives — had this desk diary’ 
especially designed for its readers. Bound in 
luxurious silk-grain black leather, it’s perfect 
on your desk, offering all the noting space of 

any standard desk diary. Yet pick it up and 

you 'll find it weighs a mere 340 grams ( 12 oz.)- 
No voluminous data and statistics are 
included in this diary, but on the other hand a 
removable address book saves hours of re- 
copying from year to year. 

Note that quantity discounts are available. 
Please allow three weeks for delivery. 


• Diary measures 22 x 15cm (8.5 x 6 in. ), 
fits easily into the slimmest attache case. 
• Padded black leather cover with gilt metal comers. 
• French blue paper with gilded page edges. 

• Blue ribbon page marker. 

• YVeek-at-a glance format with plenty of space for daily appointments. 

Includes full current year and forward year planners. 

• 14 pages of useful international data: international telephone dialing 
codes and country prefixes: national holidays for over 80 countries; 

conversion tables of weights, 
measures and distances: world time-zone table 

• One of the diary's most popular 
features, the wine vintage chart 

rates the nine best-known 
wines from 1945 to 1992. 

• The removable address book, 
neatly fitted in a blue silk pocket, 
can be carried forward from year 

to year. 




... -.rVi 





jNajSfcii 


\ * v tv * * * ’.‘.yyyf* y j 
& * * .* * Wl - ’ 



, . **« ** 


k 






i#- 

* * .* *4 ) 

..(h'lVif' 


* • * ■ • V wv- **'• 



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nk * 







Corporate personalization and 
discounts are available. 
For details, fax Paul Baker at 
(44 81)944 8243. 


, .--■'Vi 



Personalized with gilt initials on the cover, 
it's an elegant gift for friends, business contacts 
and associates — and for yourself . 


Please send me. 


1995 IHT Desk Diaries. 


Price includes initials, packing and postage in Europe: 

1- 4 diaries UK £35 (U.S.S53) each initials 

5- 9 diaries UK £33 (U.S.S50) each up t0 3 ^ 
10-19 diaries UK £31 (U.S.S46) each 


HU Additional postage for delivery outside Europe £7 
(U.S.S10.50) 

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certified mail: £5.75 (U.S.S8.60) per package plus postage. 

Payment is by credit card only. All m^jor cards accepted. 

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INTERNATIONAL 



Srtbunc 


n BLisTirn wmi the !** tobx times ami the w.tsKiMnoN wt 

Mail or fax this order form to: 
International Herald Tribune Offers, 

37 Lambton Road. London SW20 OLW U.K 
Fax: (44 81)944 8243 


The son of an auio salesman. 
Mr. Larson pursued, careers as a 
jazz musician, music store em- 
ployee and anim al-abuse inves- 
tigator for the Seattle Humane 
Society before his first drawings 
were published in The Seattle 
Times. 

In 1979 he was signed by the 
small Chronicle Features Syn- 
dicate in San Francisco, and his 
cartoons began appearing in 
newspapers throughout the 
country — a few of which sub- 


sequently canceled it because of 
what they considered its “sick 1 
or morbid humor. Mr. Larson 
joined the much larger Univef. 
sal Press Syndicate in 1984 and 
the merchandising and pubUs' j 
ing juggernaut picked up steam. 

Lately, Mr. Larson has bus- 
ied himself with animation pro- 
jects; a “Far Side” special will 
appear on the CBS television 
network next Wednesday. Soon 
after that, silence. 


XV; Firms Buying Internationally ; 


Continued from Page 11 
value of your library," be said. 

Another obvious advantage 
for American partners is the 
preference that governments 
are likely to give their own 
broadcasters. While wholly 
U.S. -owned broadcasters such 
as NBCs Superchannel and 
Turner’s Cartoon Network are 
reaching a record number of 
European households, they are 
meeting fierce resistance from 
government regulators, particu- 
larly in Belgium and France. 

Under present European 
Union restrictions, the majority 
of programs on European TV 
stations have to be produced in 
EU member countries. 

But despite the advantages of 
buying into networks all over, 
the television terrain can be a 
minefield for unwary investors. 
“Some of the stations up for 
sale are poisoned chalices one 
executive said. 

“You have to be damn lucky 
that the macroeconomic factors 
are working in your favor,” Mr. 
Rosenberg of HBO said. “If 


there's a downturn in the econo- 
my, you could be the smarten 
executive in the world, and you 
could not fight the tide.” \ 

With all the investment activ- 
ity, Mr. Granath of ABC sees 
an inevitable shakeout of overh 
optimistic ventures. • 

Mr. Rosenberg said, “In Lat- 
in America, for example, you 
might have 40 new satellite 
channels, and that market can- 
not sustain such a boom.” 

Nicholas Bingham, president 
of Columbia Tristar Television, 
said, 'There is another risk that 
American program suppliers in- 
vesting in local channels cou(d 
alienate their existing custom- 
ers.’' • ; 

In one prospective deal ia- 
volving Columbia in the pur- 
chase of a minority stake J 
Britain’s Channel 5. Mr. Bing- 
ham said, “Our customers made 
us realize they were not thrilled 
at the idea of us being pan of’a 
consortium competing for ad- 
vertising on the one hand and 
continuing to sell them pro- 
gramming on the other hand.? 


ARGENTINA: 

A COMPETITIVE 
MARKETPLACE 

A Conference/Debate 
Organized By Club j 
Europe Argentina 
And The International 
Herald Tribune. 

■ . -With, their vast experience, ; 
Club Europe Argentina is taking an 
; . active tole.tp help potential 
} European investors establish 
■■ successful businesses in Argentina. ; 

.-.With the help of a strong 
.. economy, Argentina is poised to j 
• compete with other regions for ! 

' investment and development. This : 
conference. will explore investment 
possibilities for European business ! 
decisibn-makers interested in ■ 

expanding in Latin America. ■ 

Addressing the conference will be: : 

• Domingo Cavallo, • 

Minister of Econom y j! 

■' Guido di Telia, ;; 

• Minister of Foreign Relations i; 


Enrique Iglesias, 

' 'President, IDB 

Conference Date: 
Thursday, November 3, 1994 
■'"■•Hotel George V 
75008 Paris 
3:00 pm - 6:00 pm 

■ For additional information, 

please contact Mr. Thierrv Courtaivie 
; Qt Europe Argentina " ' 

3 k^FS e Pierze ler Serbie 
. 75784 Paris Cedex 16 

Tel: 40 69 44 32 
Fax: 40 70 96 47 




unc. 









SPONSORED PAGE 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 


Page 19 


SPONSORED PAGE 


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TEX-STYLES 

' ""/INDIA 

U I 1 -* — ~1 . ± - v I -- j. J || w I# % 




Looking good: Exports 
of Indian textiles will 
tikely exceed targets. 


Sewing Up the Future: Textile Exports From the Subcontinent Take Off 


1 1 is boom time for Indian textile exports these days as modernization, improved quality, aggressive marketing and government assistance help to boost the industry’s results. 


X argets set by the govern- 
ment for the textiles industry 
will certainly be exceeded. 
The targeted growth for this 
year is 1 2.8 percent.' to $9 
billion. During this year’s 
first quarter, a jump of 19 J 
percent has already been 
recorded, to reach more than 
$2,068 billion; the compara- 
ble figure for last year was 
$2 billion. 

G. Venkat Swamy, India's 
minister of state for textiles, 
was understandably pleased 
during a meeting of the par- 
liamentary consultative 
committee of his ministry in 
August, when he said that 
the industry was well on its 
way to beating targets. The 
country’s textile trade, 
which currently accounts for 
20 percent of industrial out- 
put, represents 28 percent of 
exports. 

At the National Garment 
Fair in July, Ashok Rajani, 
president of the Clothing 
Manufacturers' Association 


of India. told Mr. Swamy 
that the industry could easily 
attain a performance of $10 
billion with modernization, 
upgrading of quality, aggres- 
sive marketing and govern- 
ment assistance. The gar- 
ments industry, which Mr. 
Rajani represents, currently 
contributes some 1 6 percent 
to total Indian export earn- 
ings. 

Textile exports (excluding 
handicrafts, jute and coir) 
jumped more than 30 per- 
cent between April and June 
this year. The international 
market scenario has greatly 
contributed to this growth, 
as have government efforts 
to steadily liberalize and 
deregulate the policy envi- 
ronment for exporters. 

A range of fabrics 
India's cotton textile exports 
comprise a range of fabrics, 
both gray and processed, 
high-quality cotton yam and 
various types of manufac- 


tured articles. The current 
growth trend actually began 
after 1991. In the subsequent 
two years, exports of piece 
goods moved up from 
around 14 billion rupees to 
20 billion rupees ($447 mil- 
lion to $638 million); that of 
yam and sewing thread from 
8.63 billion rupees to 14.67 
billion rupees, and manufac- 
tured articles from 28.48 bil- 
lion mpees to 46.26 billion 
rupees. 

Textile exports from the 
country have been on the 
rise for three years now, 
touching an all-time high of 
S8 billion in 1993-94; this 
represented a 20.8 percent 
jump in dollar terms and 
more than 30 percent in ru- 
pee terms over the previous 
yeaT. Last year's exports 
also exceeded the targeted 
$7.8 billion. 

The impressive show is 
evident in all sectors of the 
textile industry, including 
cotton textiles," woolen lex- 



MORE CURRENT! 

MORE INTERNATIONAL! 

MORE COMPREHENSIVE! 

THAN EVER BEFORE 

TEX-STYLES INDIA ’95 

MSE COMPLEX, GOREGAON, BOMBAY (INDIA), JAM. 18-21, 1995 

• Yams • Threads • Fibres 

• Home Furnishings • Made-ups • Fabrics 

• Textiles • Embellishments & Trimmings 

• Accessories 




Brought to you by: 

India Trade Promotion Organisation 
Pragati Maidan. New Delhi-1 10 001 
Telex: 031-61022/61311 
Fax:91-11-331-6142 


In Collaboration with 

The Ministry oi Textiles. Government of India, 
the Textile Commissioner, the Textile Committee, 
Export Promotion Councils lor Cotton, Synthetic 
& Rayon, Silk. Wool, Handfooms & Jute 


INDIA'S FASTEST GROWING 


YARN MANUFACTURER 
IS SCOUTING FOR PARTNERS 
FOR THE WORLD'S FASTEST 


GROWING ECONOMY. 


Ncrt only dues GSL UndiaJ Ltd. command 
s premier pwseocr in the Indian yam 
i n<l natty, ft' has over the last 6 years, 
managed - tq wed the most demanding 
market* tfthawarM. 

What makas.CSL an enrivalled forte in 
textile sides is snutonwd d&ngent quality 
' DiMa^andioplife^^ 
tedmeriagyrtbat spins knotiwfc «gk-apeed 
jana meeting exacting wwW atandarta. 

With. Indie opening op it* 
audtfaarttonaf iafloaaoaSjpnd M» ttmmy' 
that is vibrant and potential - lade* thtokr 
to liberalisation pdKdw, GSLUtm&O Ltd. 
is all set to explore oppotiwaitSw far 
joint ventures, 

imports and technology mergera in a hid 
to expand and diversify strategically mta 
speciality yarn and preminra-qnality sawing 
thread. 

If yon want a captive presanee in the 
world’s fastest growing economy, and a abere . 
of the most frenetic industrial progresses 
witnessed in recent times, join forces -with' 
GSL (India/ Ltd. A company that’s definitely 
going places I 

pig ace forward queries, to : 


CORPORATE ADVISOR 


GSL 


(India) Limited 

(SSt HOUSE. PLOT NO M.17TMR0A0. 
PHASE II MtfC.AWHERilEXST). BOMBAY A 00 0 J 3 
TEL. w ® 1 ! SMS 37 , 30 , *0 FAX 


IH.iMIlf’rflMl 14!* 


tiles, man-made-fiber tex- 
tiles, ready-made garments, 
handicrafts and coir. 

In the long term, the quota 
regime that prevails under 
the Multi-Fiber Agreement 
will be dismantled over a 
10-year period (starting 
from July 1, 1995), as set out 
under the terms of the 
Uruguay Round agreement 
on textiles and clothing; this 
will further boost opportuni- 
ties for Indian textile ex- 
porters in world markets. On 
the home front, the easing of 
import duties on capital 
goods for the export produc- 
tion of textile manufacturers 
has lubricated the growth 
path. This measure has come 
along with special arrange- 
ments for duty-free import 
of raw materials, increasing 
availability of export credit 
and full convertibility of the 
rupee on the current account. 

New markets 

The growth of Indian cotton- 
textiles exports has been 
more pronounced this year 
in nontradilional markers 
such as South Korea. Japan. 
Hong Kong. Taiwan, Mauri- 
tius. Singapore. Malaysia 
and Sri Lanka. The growth 
in exports to India's tradi- 
tional markets - such as the 
United States, the Middle 
East. European Union coun- 
tries and Bangladesh - has 
been relatively slower. 

Garment exports form the 
biggest chunk of Indian tex- 
tile exports, and the target 
set for this segment of the tn- 
du.stry is $4.2 billion this 
year, much higher than last 
year’s actual performance of 
$3.7 billion. The major im- 
porting countries of Indian 
ready-made garments are the 
European Union, the United 
States, the United Arab Emi- 
rates, Japan and Switzer- 
land. 


While the dismantling of 
the MFA in the post-GATT 
era will help Indian ex- 
porters. it should be noted 
that the agreement did pro- 
vide the industry with a pro- 
tected market. The quota 
regime stunted export 
growth opportunities, but in- 
dustry watchers feel that it 
may have made Indian tex- 
tile exporters somewhat 
complacent. 

With a miniscule market 
share of just about 2.4 per- 
cent in the international tex- 
tiles trade, Indian exporters 
will have a tough time bat- 
tling not just established ex- 
porting countries in the are- 
na. but also the newly 
emerging exporters from In- 
donesia, Turkey and Viet- 
nam. 

“Everyone is eyeing the 
Indian market." says 
Raakesh Bhargava. vice 
president for exports at VXL 
Indio, a 4-hillion-rupee com- 
pany that focuses on wool- 
woTsicd-fabrie exports. ‘The 
scenario will change drasti- 
cally. The Indian govern- 
ment is contemplating the 
opening up of the textiles 
market to imports from 
overseas. Thai will change 
the home market dramatical- 
ly. loo." 

Industry trade fair 
The export effort of India's 
textiles industry should find 
a useful plat form at TEX- 
STYLES INDIA *95. a spe- 
cialized event focused on the 
textiles and furnishing in- 
dustry that will be held in 
Bombay Jan. 18-21. 1995. 

The event's organizers 
comprise a virtual Who's 
Who of the Indian textile in- 
dustry: the India Trade Pro- 
motion Organization, in col- 
laboration with the ministry 
of textiles, the textiles com- 
missioner. the Textiles 



A taste for quality. 

Committee, the Colton Tex- 
tiles Export Promotion 
Council, the Synthetic & 
Rayon Textile Export Pro- 
motion Council, the Indian 
Silk Export Promotion 
Council, ihc Wool and 
Woolen Export Promotion 
Council, the Jute Manufac- 
turers Development Council 
and the Hand loom Export 
Promotion Council. 

TEX-STYLES INDIA 95 
aims to give the world an 
overview of Indian textiles, 
fabrics, colors, styling, yams 
ami manufactures in order to 
identify new partners for in- 
vestment. development and 
joint ventures. It also hopes 
to use the platform for Indi- 
an textile exporters to better 
understand international 
competition and pul a finger 
on the pulse of market trends 


OUR 

TRADITION 
IS YOUR 
STYLE. 


2000 years after Herodotus described the Indian cotton plant, the British began to take an 
interest Then in the 17th Century direct trading of cotton goods to Britain began. These 
goods were named Calico. It became dear that the strange and exotic had become the 
fashionable. Even Daniel Defoe conceded - the dictates of parliament do not always 
stand out against the dictates of fashion. 

So trust us, when It comes to cotton textiles. Our industry Is backed by a wealth of 
experience extents ng over centuries. 


The Cotton Textiles Export Promotion Council of India 

Engineering Centre. 5th floor, 9 - Mathew Road, Bombay - 400 004. India. 
Telephone: 3632910 to 3632913 • Telex: 11-75466 TCIL IN • Fa*: 91-22-3632914 

• 

OVERSEAS OFFICE: 

GERMANY:!ndia House. Mittlewef 49, D-60316 Frankfurt am Main 1, Germany. 
Telephone: (004969} 554232, 5964600 • Telex: 414866 CTEPC D ■ Fa*: 0069-554169 

• 

HONGKONG; Hart our International Bushes* Centre, 2802-2804 Admirairy Cantrajower i , is, Hareourt Road, 
Hong KongJalephone ; (652) 5290356 Fax : (652) 8S13420 / 8650790 ■ Tbc : 73553 HIBC HK 



that diciaie demand. 

Promising prospects 
All things considered, the 
future of the Indian textiles 
industry is bright, and the 
reasons are not hard to find. 
Consider these trends: the 
increase in global demand 
for cotton products, the strict 
adherence to quality para- 
meters, the availability of 
raw materia] at reasonable 
prices, and the upgrading of 
technology in spinning and 
weaving with policy liberal- 
ization. 

In cotron, India has an 
edge over several of its com- 
petitors in the world markets 
in that it grows its own cot- 
ton. The country's textile in- 
dustry is also predominantly 
cotton-based, with 73 per- 
cent of the fabrics consumed 
being made from cotton. 

Labor is another strong 
advantage, and costs arc 
low. Apart from lending a 
competitive edge to its ex- 
ports in the world markets. 
India's labor advantage will 
continue to attract mamifiic- 
turers front developing 
countries, where rising im- 
port and labor costs are play- 
ing havoc with market com- 
petitiveness. 

"With the future projec- 
tions of reduction in the cost 
of finance, a sealing down of 
the tax incidence (customs 
and excise), raw materials 
will he available at interna- 
tional prices." says Kama! 
Runka of the Modern group 
of industries, a leading play- 
er in the textile-exports mar- 
ket. "This will make our ex- 
ports highly competitive and 
will create excellent de- 
mand. at least until the turn 
of the century.*’ 

Making a name 
Another major player in the 
Indian textiles industry that 
is fast making inroads in 
world markets is GSL (In- 
dia), a Bagrodia group com- 
pany headed by R.C. Bagro- 
dia; its name is known in the 
markets of Switzerland, 
Britain, Italy, France, 
Turkey and Iran, among oth- 
ers. 

A manufacturer of spe- 
ciality gray and dyed fancy 
twisted yams for premium 
suitings, shirtings and finish- 


ing fabrics, GSL (India) also 
makes acrylic yarns. 100- 
percem-polyester sewing 
threads and polypropylene 
yam for industrial filters and 
for export. GSL has won 
several awards in industrial 
safety and in export market 
research, including the Euro- 
pean Market Research Cen- 
ter Award in 1992. The 
company is currently ex- 
panding capacity at its Ru- 
jpipla facilities at a cost of 
290 million rupees. 

Quality awareness 
Increasing quality awareness 
among Indian textiles ex- 
porters has ensured that o\er 
the years, quality improve- 
ment has been considerable. 
Specific areas where India 
has scored striking success 
arc in denim, printed dress 
materials and terrycloth tow- 
els. 

Much of ihe quality con- 
sciousness and penetration 
of export markets has been 
made possible by active sup- 
port from tile Textiles Ex- 
port Promotion Council 
iTexpmcil). which has been 
in existence for some 4(1 
years now. 

Market surveys, the dis- 
patching of delegations to 
inlemulional fairs aiui the or- 
ganization of buyer-seller 
meets and exhibitions 
abroad form a critical part of 
Texproeil's strategy in 
boosting Indian textiles ex- 
ports. 

Grievance procedures lor 
Indian exporters, be it with 
governmental agencies or 
with importers in foreign 
countries, is another key 
area of the council's efforts. 

The council also monitors 
the textile quotas earmarked 
to India from countries such 
as the European Union na- 
tions, the United Slates. 
Norway, Canada and Fin- 
land. 

The Textiles Export Pro- 
motion Council has offices 
in Frankfurt and Hong Kong 
that act as ambassadors for 
Indian textiles in the Euro- 
pean and Far Eastern mar- 
kets, evolving competitive 
strategies that lay the accent 
on real-time responses to the 
changing preferences of 
world markets. 

Kiron Kasbekar 


••Tex-Styles in India" 

wcu produced in its entirety by the Advertising Department 
of the International Herald Tribune. 

Wrtter: Kiron Kasbekar. based in Bowta\. is resident 
editor of The Economic Times. 
Photographer: Patrick Nagaishi Lucero. 
Program director: Bill Matuler. 



14TH INDIA GARMENTS FAIR 

AUTUMN /WINTER COLLECTIONS 95 

Over 300 Indian garment exporters will display 
their exclusive range of autumn/winter 1995 
collections at the next ’India Garment Fair*. 

Be a part of the fashion extravaganza and be there 
14th India Garment Fair 
Venue :Pragati Maidan, New Delhi, India 
Date :20, 21 , 22nd January *95 
Time : 103 m. to 6 p.m. daily 

15, N B C C TOWER 
Bhikaji Cams Place, New Delhi 
PH.: 6888300, 6883351. 600193 

AWARELEXP08T BAX’ - BfiltftS.®! 

PROMgnOMCCTJNCmNDUk "ftA . MKRWHM 














Page 20 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 


SPORTS 


Trabzonspor Upsets Aston Villa on Late Goal Widening Horizons for NBA 


Cmpdtd by Our Stiff From Dispatches 

Striker Orhan Kaynak head- 
ed home from a corner 14 min- 
utes from time to give Trabzon- 
spor a 1-0 win over Aston Villa 
in their UEFa Cup second 
round first leg on Tuesday in 
Ankara. 

The English side, who put out 
holders Intemazionale Milan in 
the first round, looked on their 
way to a scoreless draw that 
would have set them up nicely 
for the second leg at home when 
Orhan surged through to meet 

EUROPEAN SOCCER 

Harai Mandirali's comer with a 

E owerfui header that gave goal- 
eeper Nigel Spink no chance. 
The Turks started well with 
quick attacks down the wings 
and defender Phil King had to 
kick the ball off his own line 
from Cengiz A till a. 

But midway through the first 
half Villa took control, picking 
holes in the home defense, 
wearing down the Turks and 
holding the ball in midfield. 

In other first leg., second round 
UEFA Cup matches Tuesday: 

Trelleborg 0. Lazio 0: Trelle- 
borg FF. a team of part-time 

S layers from a small town on 
weden’s southern tip, sur- 
prised European soccer fans by 
drawing Lazio of Rome. 

In a game played in freezing 
temperatures in Trelleborg. the 
Swedish players managed to 
neutralize the stars of Lazio, 
which currently occupies the 
third position ' in the Italian 
league. 

Sion 2, Olympique Marseille 
0: Switzerland's Sion, playing 
at home, upset the French pow- 
erhouse Marseille as Raphael 
Wicky and Adrian Kunz netted 
balls in the first half. 

The Swiss side — which is 
currently trailing in the domes- 
tic league — dominated much 
of the match and missed several 
scoring chances. 

Dynamo Moscow 2, Real Ma- 
drid 2; In Moscow. Chilean 
striker Ivan Zamorano capped 
a flurry of second-half scoring 
with an equalizer in the 73d 
minute to give Real Madrid a 
draw. 

Real Madrid took an early 
lead, capitalizing on a lapse by 
the Dynamo defense. Emili o 
Butragueno stole a bad pass 
and fed to Sandro, who did not 
miss his chance. Igor Simuten- 
kov scored an equalizer on the 
65th minute: Then, four min- 
utes later, Dmitri Cherysbev 
put the Russians briefly ahead 
on a mistake by Spanish goalie 
Santiago Canesares. 


UEFA Cup Results 

SECOND ROUND, FIRST LEG 
Kiwesl Homred 0, Boyer Levwkmcn S 
Scorers: Markus Muench ( lath). Paulo Scr- 
ota (Slsfl 

GK3 Katowice I, Bordeaux ■ 

Scorer: Zazlskiw Srrolek (S7tti> 
TraUMiwar 1, Aston Villa 0 
Scorer: Orhan Kaynak (74m) 

Real Madrid X Dynamo Moscow 2 
Scorers: Real MoOrid — Sandro <3isi ). Zo- 
morano (73rd) ; Dynamo Moscow — Slmuton- 
kav (eSI, Chervstiev <tf>> 

Slevan Bratislava X Bom, ski Dortmund 1 
Scorers; siovan Bratislava — Stefan Rus- 
nok 150th, Mth); Borussta Dortmund — An- 
dreas Molirr (IBID) 









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I ivil r. Bak^h- R rulers 

Janos Matyus of Kispest Honved sent Paolo Sergio of Bayer Leverkusen flying in their match on Tuesday in Budapest 


Nantes 2, T ekstilshchik Ka- 
myshin 0: The French interna- 
tional striker Nicolas Ouedec 
scored twice to give French 
League leaders Nantes a com- 
fortable home win. 

Newcastle 3, Bilbao 2: Josl 
Angel Ciganda and substitute 
Gonzalo Suances stunned New- 
castle with late goals Tuesday 
as the English team saw a three- 
goal lead become 3-2 against 
Athletic Bilbao. 

Ruel Fox, Peter Beardsley 
and Andy Cole put Newcastle 


in charge at St. James' Park by mingsen drove in a right-foot 
the 57th minute before the shot from nearly 30 meters that 
Basque team hit back. Ciganda found the upper left corner, 
hit the first in the 72d minute But only three minutes later, 
and Suances headed another Kaiserslautern finally cracked 
eight minutes later. Odense's uncompromising de- 

Kaiserslautern I, Odense BK tcasc “<* tbe «xae. 

1: Kais erslautern fought from Boavista 1, Napoli 1: In 
behind to salvage a draw at Oporto, Striker Benito Carbone 
home against Odense BK. saved Napoli's night- matching 
Odense, seeking to become Erwin Sanchez’s first-period ef- 
the first Danish team to win in fort to earn the Italians a 1-1 
Germany in a European club away draw, 
competition, went ahead in the Bolivian striker Sanchez 
72d minute when Carsten Hem- marked Boavista's first goal. 


dashing up the left side and 
blasting the ball in from seven 
meters in the 26th minute. 

Twelve minutes into the sec- 
ond period. Carbone look a 
center pass and charged the 
goal, chipping a blooper over 
keeper Antonio Luis's head for 
the equalizer. 

Maritimo 0, Jurentus 1: Fa- 
brizio Ravanelli scored in the 
78th minute to give Juventus of 
Italy the victory. 

(AP. Reuters) 


By Ian Thomsen 

InlentMonal Herald Tribune 

PARIS — It was a hiccup, 
a tiny symptom, when Donn 
Nelson visited the Soviet 
Union in 1984 with his Amer- 
ican basketball all-star team 
and found himself being sav- 
aged for 40 points by a Lithu- 
anian guard named Sarunas 
Marriulionis. 

The National Basketball 
Association was just starting 
to win over American fans, 
the Soviet Union had no in- 
tention of closing up shop, 
and Donn Nelson of Whea- 
ton College in Illinois, im- 
pressed as he was. had no 
grand visions of putting this 
unspellable Lithuanian name 
on a jersey. 

“When I first saw the kind 
of talent they had over there I 
had already been scouting for 
my father for three years." he 
said. “I knew the players were 
comparable, that they could 
play in die NBA.” 

His father is Don Nelson, 
who four years later had left 
the Milwaukee Bucks and be- 
come coach of the Golden 
State Warriors. By then, the 
son was a scout with the War- 
riors. In 1989, having been re- 
cruited by ihe Atlanta Hawks 
as well Marciulionis derided 
to join the Warriors — thanks 
in large part to his friendship 
with the American he’d 
torched five years earlier. 

Thus did Marciulionis be- 
come the first East bloc play- 
er to escape to the NBA. 

What that helped do. clear- 
ly, is shrink the world in a 
visible way. Eleven NBA 
games will be played outside 
America this ralL including 
the Warriors' exhibition 
game Tuesday night here 
against the Charlotte Hor- 


Warriors Win 
In Paris Debut 

The Associated Press 

PARIS — Chris Mullin 
scored 25 points to pace the 
Golden State Warriors to a 
132-116 victory on Tuesday 
night over the Charlotte Her- 
nets, as the National Basket- 
ball Association opened its 
European tour. 

nets, for which Nelsons were 
in town. With the NBA 
claiming to be the worlds 
largest provider of sports pro- 
gramming — its games are 
televised in 140 countries — 
the league is earning a Holly- 
wood mystique. More and 
more American talent scouts 
are traveling abroad, search- 
ing for players to make into 
stars. 

"You still see some clubs 
believing the NBA is the best 
in the world and we don't 
need any foreigners — that 
kind of mentality.” said Nel- 
son, 32, who became his fa- 
ther’s top assistant this year. 
“But out of 27 teams. I'd say 
we have 15 to 18 who do Eu- 
ropean scouting.” 

Many of them limit their 
scouting to the Olympics, the 
European Championships 
and maybe one of the club 
cup comped dons. They be- 
lieve the best players will sur- 
face there, but to Nelson, 
that's as wrong-headed as 
scouting the U.S. Final Four 
for the best U.S. collegians. 

“At first I wasn’t really 
aware of how to find players 
over here," he said. “There 
weren't really scouts, per se. 
Each team had a network of 


coache* and teams orer here 
on a nonparing basis, and 
they would just exchange in- 
formation as friends. 

He made his own t fiends 
while touring Europe each 
summer in college wills the 
U.S. team Athletes In Action. 
They introduced him to their 
friends who introduced him 
to others. He saw more and 
more players. Bui he sasd 
their talent became illusory. 

“It’s extremely hara to 
judge the players' in Europe 
because a lot of limes- if wu 
live here, if you reside in Eu- 
rope. you have a tendency to 
forget how athletic the NBA 
is.” he said. “Everything is by 
comparison. After a two- 
week period, guys start look- 
ing a lot quicker than they 
really arc." 

He has contacts in every 
basketball country from 
France to China telling him 
about teenage players. The 
Warriors' permanent Europe- 
an scout, a Dutch coach, in- 
vestigates the best or then 
over ihe course of three or 
four years. Then, twice a year. 
Nelson comes over and de- 
cides for himself. 

If all the reports are good, if 
the player’s attitude is strong 
and he is 22 years old — the 
minimum age Tor a foreign 
player to be drafted — the 
Warriors may take him. 

In 1992, they drafted Pre- 
drag Danilovic. a Serb who 
may join Golden State after 
his contract ends with Buckler 
Bologna of Italy this season. 

For every player worth 
drafting, Nelson figures the 
Warriors will scout 1.000. 

“Sure it pays off,” he said 
“If you can find a Toni Kukoc 
or a Sarunas Marciulionis. 
they could make your team." 


Business as Usual: In and Out of the World of Sports, Soccer Holds Sway 


International Herald Tribune 

L ONDON — If soccer could harness half 
the influence claimed on its behalf this 
week, then Joao Havelange is wasted at FI- 
FA’s house. He should be running the United 
Nations rather than a sport. 

I do not mean to be cynical about the game 
or its unify- ^ — ^ _ 

ing dimen- Rnh ~ 

sion. Nor do J™. 

I doubt that "Uflnes 
soccer played 

a catalytic part in three socio-political stories. 

There was Sunday's Asian Games victory 
by Uzbekistan, a marvelous expression of 
nationhood by players representing a former 
Soviet republic. 

There was Monday’s declaration that offi- 
cials from Samsung, the South Korean con- 
glomerate. watched a football match in New- 
castle before sealing a deal that will create 
3,000 jobs in depressed northern England. 

There is the work-experience program of 22 
Chinese youths, the finest potential soccer 
players of China's vast population, who are 
living and learning in Brazil, the land of soccer. 

Soccer did not cause these three events, it 
does, because of its simplicity and its ability 
to traverse cultural and linguistic differences, 
offer a vehicle for men who want to trade. 
Uzbekistan’s triumph seemed almost pre- 


destined, almost the will of whichever god 
that small country's mix of Russians, Mongo- 
lians. Muslims and Koreans worship. By all 
accounts, the Uzbeks were overrun through- 
out the semifinal by the vastly more experi- 
enced South Koreans. Yet Uzbekistan won 
through an inspired, stubborn, outrageously 
lucky goalkeeping display by Yuri Sheikin.' 

Shots struck his chest, his arms, his knee- 
caps, and staged out. Then a 40-meter shot, 
struck more in hope than anticipation by- 
Azamat Abduraimov. slithered through the 
legs of South Korea’s keeper. 

Uzbekistan, in the infancy of rediscovery, 
had reached the final of a tournament repre- 
senting three Fifths of ihe world population. 
Could it now withstand the march of China, 
whose inexorable efforts on the track, in the 
pool and the weight room had garnered al- 
most as many gold medals as the comped tors 
of 41 other Asian countries combined? 

It could, by heavens. Led by Igor Shkvyrin. 
a center-forward defying pain, Uzbekistan 
walloped China, 4-2. Shkvyrin, who earns his 
living playing for the Israeli team Maccabi 
Haifa, dodged and wove through a Chinese 
defense given its master plan by a German 
coach, Klaus Schlappner. 

Shkvyrin, his damaged left hamstring 
heavily bandaged, scored the first goal and 
created two more. Only then did he speak of 
what drove him. 


He spoke not as one might have imagined, 
of the pride in his new colors. He did not 
mention the adrenalin rush from playing a 
major final in front of 25,000 spectators. 

His performance, he said, repaid a debt to 
Rustam .Akramov, the coach who plucked 
him out of obscurity in second-division Uz- 
bekistan soccer a dozen years ago. And that is 
a bond appreciated by players anywhere, in 
any language. 

Twenty-four hours afier Uzbekistan put 
itself on the sports pages, the front page of 
The Tunes of London trumpeted; “Canny 
football move wins Korean jobs for Tees- 
side.” It reported that the Samsung deal — to 
build five factories that will employ 3.000 
people and the building work that might 
double that figure — was clinched over a 
match at Newcastle United’s stadium. 

The claim came from Sir John Hall, a man 
risen from pit worker to multimillionaire prop- 
erty developer and chairman of Newcastle 
United. HaU took the Samsung executives to 
his private box and reveled in the atmosphere 
when his side, leaders of the English Premier 
League, concluded a two-leg 10-2 UEFA Cup 
victory over Royal Antwerp last month. 

“I'd Hke to think that if Samsung had any 
doubts about choosing the Northeast." he said, 
“the night at St. James’ changed their minds. 
They are mad keen on football in Korea.” 


I N DEED, the South Koreans are mad keen 
on winning the right to stage the 2002 
World Cup. for which Japan is favored. Be- 
hind the soccer story lies the fact that Hall 
owns the grounds on which the factories will 
be built. 

That’s business. That’s sport. That's what 
makes the world go around. There was anoth- 
er U EFA Cup game at Newcastle on Tuesday 
night, and sure enough a Newcastle trade 
mission plans to send 20 ambassadors to 
Bilbao for the second leg in a fortnight. 

All this serves to tell how sport and busi- 
ness were perhaps ever entwined. In 1898, 
workers from northeastern England took a 
ball to Spain, where, between helping build 
shipyards, they formed the first soccer team 
in Spain, the same Athletic Club de Bilbao 
that Newcastle United now faces. 

I wonder if, in time, Brazil will meet China 
on soccer’s big stage? If so, the seeds might be 
being sewn right now on. the grassless pitches 
of Juquitiba, south of Sao Paulo. 

There, the 22 Chinese youngsters deemed 
to be future soccer stars eat, think and sleep 
soccer like Brazilians. 

The object is elitist. China's leading soft 
drink company is paying SI .6 million, a televi- 
sion station is filming every stage of develop- 
ment, and the boys who started this program 
at the age of 15 will remain until they are 20. 


They are children of a revolutionary idea. 
They are transplants moved from rural Chi- 
na, which has no soccer roots, to rural Brazil.' 
which not only won an unprecedented fourth 
World Cup this summer but has the tradition 
and the style that is the envy of every soccer- 
playing nation. 

Whether the soul of Brazilian play, ihe joy 
in receiving the ball at your feet and in 
embracing it with wit and' imagination, can 
be passed from coaches of one culture to boy's 
of another is unclear. Time will be its judge. 

W E have never witnessed such an experi- 
ment before, although Brazilian coaches 
axe legion around the worid, from Saudi Ara- 
bia to Spain, where Carlos Alberto Parreiru, 
the winning coach of 1994. is trying to impart 
his knowledge to Valencia. 

I saw his team play on Saturday. The night 
was sultry and passionate, like a night in S5o 
Paulo. The players included one of his World 
Cup defenders, Mazinho. But in Valencia, as 
in America this summer, Parreira's style was 
not samba. 

He blends a South American insrinci in 
attack with solid defending from goalkeeper 
to midfield. While China seeks to inhale the 
Brazilian game, Brazil's master coach is mov- 
ing with the times. 

Reb Hughes a m the staff cf 7 he Tines. 


DENNIS THE MENACE 


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( Faint Rumblings 
in Baseball Talks 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 


Page 21 


fcftt.];., 

it-* a,t 


By Murray Chass 

New York Tima Service 


most fikdy will include John 
Harrington of the Boston Red 


NEW YORK — five years Sox, Jcny McMorris of the Col- 
to the day after the World So- orado Rockies and Wendy Sefcg- 
ri.es earthquake, there were Prieb of Milwaukee, 
slight rumblings in the long The last time the negotiating 
dormant negotiations in base- teams met, Sefigjoined the talks 
ball's labor dispute: Forty days for the first time, and the own- 
after they last held a bargaining ers rejected the players’ new 


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session, representatives of the 
players and the owners will 
meet in Washington on 


>osaL The next day, union 
rers met with Harrington 
Stan Kasten of the Atlanta 


Wednesday with the mediator Braves, but the informal session 


W. J. Usexy Jr. 


produced nothing to bring the 


Neither side would comment sides back to the table, 
publicly cm the meeting, but on Four days later, the dubs 
Monday one person involved in voted to cancel the rest of the 
the mtifg raU ffH the gathering a season, the playoffs and the 
“ground rules meeting.” World Series, and negotiators 

Last Friday, the day he was embarked on a long hiatus. 


. brought into the dispute, Usery As they agreed to return to the 

met separately with Donald table, the two rides continued to 
: ' Fehr, the union chief, and two have their differences. Seventeen 
• . of his aides, then with Bud Sc- more players filed for free agen- 
Y^ig, the acting commissioner, cy Monday, but just as it did last 


isn’t expected to attend 
icsday’s session, but it will 


cy Monday, but just as it did last 
Saturday, the first day of the 15- 
day filing period, the owners ro- 


be the first time since Sept. 9 j«ted four names. 


that the two negotiating teams 
get together. 


They said that Gregg Olson 
of Atlanta, Tom Gordon of 


Besides union staff members, Kansas City, Greg Harris of 
a large contingent of players will Colorado and Chris Gwynn of 
accompany Fehr. Richard Ra- Los Angeles do not have the 
vitch, the owners’ chid' labor ex- required six years of major 
ecutive, was not in Washington league service to be eligible for 
last Friday but is expected to be free agency. 


there Wednesday. Some owners Those players would have 
and other dub executives also enough service if the days of the 
win be at the meeting The group strike were counted. 



Montana Tames Broncos 
On Masterful Final Drive 


The Associated Press 
DENVER — As in a kids’ 
sandlot game, the player who 
bad the ball last won. This time. 


making the catch, thus becom- class act He’s done it his whole 

mg ineligible. career.” 


It left Montana too much 


career. 

Montana completed 34 of 54 


rime, however. After the kick- passes Tot 393 yards with three 


it was Joe Montana, not John off, the Chiefs had 1:22 and two touchdowns and one int 
Elway. timeouts remaining. tion. Elway was 1 8 of 29 fi 

Montana mounted a master- The Kansas Citv Quarterback yards with two touch dowi 


tion. Elway was I S of 29 for 263 


Montana mounted a master- The Kansas City quarterback yards with two touchdowns and 
fui march in the closing seconds moved his team 75 yards in nine no interceptions. 


to lift the Kansas City Chiefs to 
a 31-28 victory Monday night 
over the Denver Broncos. 


plays, completing seven of eight m sirina Tom to 2d Rookie 

perfectly. On three of the com- g ulM j a y f or Washing- 
pl ebons. Chiefs recovers got lQn it won’t be 

° U T^ Heath Shuler, The Associated 
The last four plays on the p^, reoort£ J 

drive were all completions — 11 ™rh Nf«nr 


Montana’s third touchdown pletions. Chiefs receivers got 
ass Of the game, a 5-yarder to out of bounds to stop the clock. 


Willie Davis with right seconds 
left, enabled the Chiefs to soap 
an 1 1-game losing streak at Mue 
High Stadium and give Coach 


yards to Kimble Anders, 12 
yards to Derrick Walker. 19 


Marty Schotte nhrim er his first yards to Tracy Greene and, fi- 


victory there in eight attempts. 

The clinching score over- 
shadowed one of Sway's trade- 
mark late-game drives, which 
had apparently secured victory 
for the Broncos with 1:29 left. 


lajKmpU. naUy, the 5-yarder 10 Davis. 

iC0r * °'® r " Davis caught the ball at the D f ghuler who 
Eg? Slit 8°al line, then slipped xnride the right ankl* and 


The Redskins’ coach, Norv 
Turner, said Monday he would 
start Gus Frerotie, a seventh- 
round pick out of Tulsa, against 
the Indianapolis Colts in place 
of Shuler, who sprained his 
right ankle, and ahead of the 


end-zone marker before going veteran John Friesz. 


Crogb ion/ Rcmcre 


With 1:22 to go, Joe Montana inarched the Chiefs 75 yards for the winning tonchdown. 


“JSSSShTaS? ou ^ bc ^f slunning drive ‘■h^p^^uw 

, .. . .. with the stunning drive, he had a very good training 

In a wild finish, the teams Kansas City (4-2) ended its re- camp, it's time to get him an 
exchanged fumbles before El- ^ futility at Mjj c High Stadi- opportunity to play and for us 
way took Denver 39 yards rnsu ^ Denver (1-5) lost its fourth to get him going," Turner said, 
plays. He ran four yards on a straight game at home dating to “I think our players will re- 
quarterback draw for the TD last season and opened the sea- spond to him both offensively 
even though the Broncos had ^ with three straight home and defensively.” 
tmly 10 men on the field, put- losses for the first time in [ran- Turner made the announce- 
tmg Denver up 28-24. chise history. ment after learning that Shuler 

The scoring run came one “I can’t remember when an will likely be out for at least a 
play after his apparent TD pass opposing quarterback did that week because of the injury he 
to Cedric Tfllman was nullified against our team," Elway said, suffered in the second quarter 
The officials ruled Tillman “Usually, we have the ball last, of Sunday’s 19-16 overtime loss 
stepped out of bounds before You have to remember: Joe’s a to the Arizona Cardinals. 


losses for the first time in Iran- Turner made the announce - 
chise history. meat after l earning that Shuler 

“I can’t remember when an will likely be out for at least a 
opposing quarterback did that week because of the injury he 


against our team," Elway said. 
“Usually, we have the ball last. 
You have to remember Joe’s a 


suffered in the second quarter 
of Sunday’s 19-16 overtime loss 
to the Arizona Cardinals. 


Expos’ Alou 
Named Top 


Cobs Fire Trebelhom as Manager 


>Ms Sway 


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_ Tx if CHICAGO (AF) — The Chicago Cubs got rid of their 11th 

|\ I \\lm niin (yp-M manager in 12 years, firing Tom Trebelhom after a last-place 
-1- liJ IT If! I Ifl&vl finish in the National League Central Division. 

Trcbdhom, 46, hired last October, was the fifth manager fired since 
CanpUed by Ow Staff Fran Dupotcha the players’ strike ended the season Aug, 12. Chicago finished with a 

NEW YORK — FehpeAloo, 49-64 record this season, second-worst in the league: Trebelhom’ s 
who guided the young Montreal firing Monday completed a shakeup in the Cubs’ front office. Andy 
Expos to the best record in the MacPhafl was hired last month as president from tbe Twins and Ed 
majors before the baseball Lynch was hired as general manag er from the Me is. 
strike, was a near-unanimous mrrrr e*. . /-x * , 1 e n 

choice as National League illxL ut30T8 IrCt bO-AflCafl for liilirOpC 

m ^f r TORONTO (NYT) — Hockey’s international governing body 

^iWio-^n^nager in the on iidiether National Hockey League playera 

T 7 c** work m Europe during a labor dispute. 

^ a tumaroundfram an earlier policy statement, the Intema- 
tional Icc Hockey Federation tolS its member federations on 
Monday that they could sign locked-out NHL players. Rent 
thl Fasd - ^ federation president, announced last -fiiu’rsday that 

prsilihKno ” NHL players would not be permitted to play for European teams. 
Alou. 59 h6^fin Monday, he said by telephone from Fribourg, Switzerland, 

rtJ^nSS^HmnHir “Rnt tJiat bad received clarification from the NHL, which “has 
fwo^MttShSTora playoff nothing again* playm playing for tasns anywhere m the world." 

root The one regret I have is Fnr flip Rptfnrtfl 
that wc didn’t compiete the reg- ^vi iucitcwm 

ular season.” Michael Andretti and Pad Tracy joined the Newman-Haas 

It was the first postseason IndyCar team Tuesday, replacing Mario Andretti, who retired, 
award to be announced. The and Nigd Mansell, who returned to Formula One raring, (APJ 
baseball writers decided to vote The British sailor Josh Hall was rescued in the south Atlantic on 

despite the players’ strike: Tuesday by Alan Nebauer, a fellow competitor in the BOC single- 

The Expos, who have shown handed round the world race, after his 60-foot (18-meter) yacht 


PERSONALS 

IHANO sacred heart of Jesus and 
Sml Jude ter payers answered. 

1HANC YOU Sored Heart of Jam 
and Scat Jade lor payers answered. 
D.W. 

ANNOUNCEMENTS 


Attention visitors 
from the U.S. ! 


Mets getting the other one. 

“This is very gratifying,” 
Alou, 59, said from his home in 



Tuesday by Alan Nebauer, a fellow competitor in the BOC single- 
handed round the weald race, after his 60-foot (18-meter) yacht 


m fe.i :• •. 
aH*>i 4‘ 1 *- 

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•• • 

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steady improvement in Alou’s was damaged in a collision with an unknown object, 
two-plus seasons, may have ex- 
ceeded even their own high ex- 

pectotiOTS this year bv going SCOREBOARD 

74-40. Montreal led Atlanta by 

six games in the NL East Divi- 
sion when the players went on Arte3nQ 2 4 

strike Aug. 12. NFLStanAigs wotibwton i « 

Led by Mooses Alou, the 1 5 en [ ro! 

managers son, and several AMaaiauioBa«i«m:E ZMmo * \ 

rookies and up-and-coming w l r pcl pfpa ? u ™ w “ to * = 

players — such as the reliever !??■?!? SSSt a * 

Rojas, Felipe’s nephew— tomboy a 4 


FOOTBALL 


NFL Standings 


Phltoddpftta 
N.Y. Gtanta 
Artzona 
Wafltfnofon 


AMERICAN CONFERENCE 


players — such as the reliever 
Md Rojas, Feliptfs nephew — 
Montreal rebounded from a uxnanam 


a ' + \ 


slow start in which it fell 8K 
games b ehin d Atlanta in mid- 
AmiL 

• The Expos, with Lany WaLc- 
W, Marquis Grissom and the 
23-year-oW shortstop Wil Cor- 
dero sparking the offense and 
Ken Hul and 23-year-old Pedro 
Martinez leading the pitching 
staff, eventually passed the 
Braves far good in late July and 

PuD ' daW>y - ( AT, Refers) 


indkmapaUa 
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Saattle 


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Chicago 

Minnesota 

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Detroit 

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Central 
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Sampras Leads 
AFieldofl6 
For Slam Cup 

The Associated Press 

LONDON — The men’s 
Grand Slam champions of 
1 994 — Pete Sampras, An- 
dre Agassi and Sergi Bru- 
guera — have accepted in- 
vitations to play in the $6 
million. Grand Slam Cup in 
Munich on Dec. 6-1 L 

The tournament, which 
offers $1.5 million to the 
winner, invites the 16 play- 
ers who have performed the 
most consistently at the 
year’s four Grand Slams. 

Sampras won the Austra- 
lian Open and Wimbledon, 
Agassi the U.S. Open and 
Bruguera the French Open. 

Completing the field are 
Boris Becker, Alberto Bera- 
saiegui. Jonas Bjorkman, Mi- 
chad Chang, Jim Courier, 
Stefan Ed bag, Wayne Fer- 
reira, Goran Ivanisevic, 
Magnus Larsson, Todd Mar- 
tin, Thomas Muster, Karel 
Novacek and Jaime Yzaga. 


BffKBMDHS * told confidence. 
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ONE DAY INTERNATIONAL 
Australia vs. South Africa 
Tuesday, la Palsalatiad, Pakistan 
Australia Irndnes: 20W (58 avarsl 
South Africa innlnsa; 1H7 (all out. 4U oven] 

Result: Australia wins dv 21 runs. DUUf «-»- 


INTERNATIONAL CLASSIFIED 


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Page 22 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, OCTOBER 19, 1994 


OBSERVER 


In the Cave of the Winds 

By Russell Baker sized his determination to abol- 

XTEWYORK— Three of the ish government. 

IN Republicans’ brightest “That means,” says Dole, 


J- ^ Republicans' brightest 
topes this year are Huffington, 
Romney and North, who yearn 
to be senators three. “But 
why?" you may ask. “And who? 
And how can I tell them apart?” 
Nothing is easier: 

Huffington is chin deep in 
money, some $70 million 'tis 
said. Romney is not Ted Ken- 
nedy. North wants to abolish 
the government. 

Let's imagine they all are 
elected — Huffington". Romney 
and North — and gone to Capi- 
tol Hill. First they must meet 
Bob Dole. 

"So you are Huffington. 
Romney and North,” says 
Dole. “But first lei me guess 
who's who.” And pointing to 
Huffington, says: “You 'can 
only be Romney.” 

“Dear me!*’ says Huffington. 
“Do you think so? If l am, will 
you please tell me why?” 

“Because you are not Ted 
Kennedy.” says Dole. “Old Ted 
was around this place for years. 
I knew Ted Kennedy. You are 
no Ted Kennedy." 

□ 

Romney tries to interrupt. 
Dole scowls. “What’s the idea 
of interrupting when I'm talk- 
ing to Senator Romney? Who 
are you anyhow, mister?" 

Romney (somewhat timidly): 
“Don’t I look unfamiliar?” 

Dole: “Don’t try pulling any- 
thing on me, Buster, or Til have 
you filibustered into the next 
Congress.” 

Romney (quaking): “Can’t 
you see that I’m not somebody 
who’s been around the Senate 
for years?” 

Dole is astounded: “By golly, 
yes! Now I recognize who you’re 
not. You’re not Ted Kennedy 
either. So: Another Romney. 
Imagine that! Massachusetts has 
sent me two Romneys.” 

Naturally Dole recognizes 
North, the bulletproof-vest ty- 
coon whose campaign empha- 


turaing to Huffmgton, “that 
you are Huffington.” 

“Really?” cries Huffington. 
“What a relief! If I'd been Rom- 
ney it would mean I was from 
Massachusetts and I'd have to 
drive in Boston, and I just don’t 
have what it takes to fight these 
terrifying Boston drivers in that 
maze of one-way . . ." 

□ 

“What's the idea coming in 
here without money up to your 
chin, Huffington? They told me 
you were chin deep in money, 
$70 million ’tis said.” 

“Really?" Huffmgton asks. 
“Is that all? Of course after 
what my wife spent to gei me 
elected to this — this — what 
do you call it?” 

Some people. Dole explains, 
call it the Cave of the Winds, 
but if Huffington dislikes poet- 
ic metaphor he can call it the 
Senate. 

Huffington confesses that he 
would be pleasantly surprised 
if, after a campaign so exhaust- 
ing on his money, he found he 
still had some $70 million left. 

It is easy to foresee Dole get- 
ting along famously with Huff- 
ington. chin deep in money, and 
Romney who is not Ted Kenne- 
dy, but it will take all his guile 
to cope with North, who wants 
to shut down the government 

“When you say ‘shut down 
the government,' my good Ollie, 
you mean — ■” 

“Abolish it Senate, House, 
Supreme Court — the whole 
shebang.” 

“You think that would stop 
government from lying to the 
American people? But what 
about people on Social Securi- 
ty? What about businesses' fed- 
eral subsidies? What about our 
salaries?" 

Huffington, Romney and 
North. An democracy, you 
great big beautiful doU/ 

New York Tuna Sertice 


Is Hollywood Set for a Golden Age of Animation? 


By Sallie Hofmeister 

Se w York Timet Service 

L OS ANGELES — Hollywood animators. 

once more, are predicting a Golden Age of 
film animation in the 1990s, with virtually 
every major studio putting together an anima- 
tion team that it hopes can replicate the success 
of Walt Disney Co. 

Among the most provocative challenges to 
Disney's dominance could come from Jeffrey 
Katzenberg, who in the last decade brought 
Disney’s animation operation to its peak, left 
the company when he was passed over for 
promotion, and is now forming a new Holly- 
wood studio in partnership with Steven Spiel- 
berg and David Geffen. 

“This is not the first time others have said 
they’d get into the animation business,” Roy 
Disn^/ said in a telephone interview from his 
home' in Ireland. 

Disney, with Disney’s chairman and chief 
executive officer, Michael Eisner, assumed re- 
sponsibility for feature animation after Kat- 
zenberg resigned last month. “It lakes more 
money and time than most have been willing to 
spend.” 

Disney has had six consecutive animated hits 
since 1988. including “The Lion King,” this 
year's second-biggest ticket seller and likely to 
be the biggest money-maker in Hollywood his- 
tory, with more than $1 billion in profits after 
licensing royalties and video sales are counted. 

But Hollywood executives say competing stu- 
dios, after a string of false starts and close studies 
of Disney’s formula, may finally understand that 
animation is a distinct discipline from live action 
films and requires its own staff and culture. 

Although some executives wonder if the 
gushing demand will be there when these pro- 
jects reach theaters, Warner Brothers has gone 
ahead and hired people for a new feature ani- 
mation group, including two former Disney 

f roducer/ directors. So has Twentieth Century 
ox Film Corp., which vows to spend $100 
million, largely on computers, to move serious- 
ly into the field. 

MGM has formed a new unit and Universal 
Pictures has kept a hand in through an eight- 
year joint venture with Spielberg called Ambli- 
mation, part of Amblin Entertainment. 

“This is a tremendous boost for animation, 
which has been the poor dog in the comer for 


The One and Only 

TheWaitOeneyCompan/seiorr^tionaflheankmtedfee^^Sim'gerajeisso cofnptete 
faafno other studio has cracked the top Win dscacfes. Hereareiha topgrossir® 
animated films through Oct. 13 . 

Domestic 


Hahk.tftte 

Year 

Distributor* released 

pass In 
miSonsf 

IThelkmlGf^i Disney 

1994 

*266.90 

2 Aladdin 

Disney 

1992 

217.04 

;3Srww White 

RKQ/ 

Disney 

1937 

184.93 

4 Who Framed 

Roger Rabbit? Disney 

1988 

152.73 

.5t01 

Dalmatians 

Disnej 1 

1961 

152.55 

6 Beauty and 
the Beast 

Disney 

1991 

144.82. 

. 7TheJtffigte 
Book 

Disney 

1S67 

135.48 

SBambi 

Disney 

1942 

102.80 

■9Qnder^Ja 

Disney 

1949 

95.55 

10 Lady and 
the Tramp 

Disney 

1955 

93.60 


*AS Disney -distributed fSms are also produced by 
Disney sxrapf "Who Framed Roger RafcW7%a 
Joint production a! Otensy and Amblin 
Enterta&vrwnt. Biscay's -Snow White' was first 
reieased through FtXO. 

fBmoflce gross receipts tn the United Stales and 

Canada. Figures for ®tjs released before i§70 are 
pertly estimates based on rental receipts. Figures 
■ are r>of adjusted for inflation; as a resul! they tend 
. to understate misses ot dder films compared wth 
• raeant-ones. • 
iSteUnsei ExiO^ Compart/ 


In some ways, the anima tion business has 
become easier in recent years, as computers have 
cut the cost of film animation and the prolifera- 
tion of video cassette recorders fed children’s 
voracious appetites for home videos. That makes 
even some box-office flops profitable. 

But talent remains a precious commodity, 
and the race by studios into film animation is 


wmiu oeeu uw uug m wracr mr aheady ^^2 shortages of animators, whose 
SO long, .said Jare Baer, whose^Bag Anima- have soared bv J 5200 or more a week in 


don Co. in Los Angeles helped Spielberg with 
anima tion for “Who Framed Roger Rabbit?” 
in the late '80s and worked under contract with 
Disney on “The Lion King.” “Katzenberg and 
Spielberg will be totally inventive. There will be 
a surprise around every corner. They could 
break Disney’s monopoly on talent." 


the last year to an average of $1,800 to S2.200. 

“Everyone who has any experience is work- 
ing," said Steven Hulett. of the Motion Picture 
Screen Cartoonists union, which represents 
1,700 animation writers and artists, up from 
700 in 1989. “Warner Brothers is having trou- 




WaJi Disney Company /The No* York Timm 

ble fin ding background artists. They’re paying 
a lot more than Disney to lure talent." 

The G eff en -Katzenberg- Spiel berg studio 
may have more recruiting clout. Katzenberg, 
an animat ion fanatic, spent hours in the screen- 
ing room and personally recruited composers 
for Disney’s animations. 

“Katzenberg will pull a lot of talent from 
Disney.” said Hulett, who spent 10 years at the 
company as an animation writer and whose 
father was an artist there from 1938 to 1974. “A 
lot of people feel tremendous admiration and 
allegiance to him.” 

while Spielberg’s last two animated releases 
were box-office disappointments, his studio is 
considered by the industry to be the only suc- 
cess besides Disney. Ana it was Spielberg's 


“Who Framed Roger Rabbit?” in 1988, fol- 
lowed by Disney's “Little Mermaid" a year 
later, that changed the standards of animation. 

Disney's feature animation division has 
grown to 1,000 people from 150 in 1984. when 
Katzenberg and Eisner came aboard and care- * 
fully crafted the operation into the engine be- ; 
Hind earnings growth companywide, keeping 
the theme parks and retail stores filled with 
fresh characters, and keeping licensing royal, 
ties flowing in. 

Disney says most of the company's anima- 
tors are tied to contracts and are too absorbed 
in upcoming projects — "Pocahontas” for next 
year and the “Hunchback of Notre Dame" for 
the year after — to think about leaving. But 
others say that many three- and four-year con- 
tracts are close to expiring and that some artists 
are waiting to see what develops before they 
renew. . _. 

A brain drain may not be Disney s only 
threat. Though the company may be as many as 
five years ahead of competitors in developing 
proprietary software that create special effects 
and allow for dramatic camera angles that give 
viewers more film magic, many studios now use 
computers for time-intensive tasks like color- 
ation, making the process more economical. 

While live-action movies can be shot and 
released in six months or a year, each with a 
new crew, animated features take two years or 
longer and need a steady staff, which repre- 
sents a heavy expense for the studio. 

“This requires hundreds of people who must h 
work from one project to the next for a cone 9 
that can turn out a consistent product," said 
Matt Mazer, a former Disney employee who is 
executive vice president of Nest Entertainment 
Inc. and a producer of its first animated fea- 
ture, “The Swan Princess," which will be re- 
leased before Thanksgiving. 

Yet some executives wonder where all these 
prqjects wDl wind up. Building a cohesive team 
capable of producing films like “The Lion 
Kmg" will take five years or longer. And by 
that time the baby boomlet driving the demand 
for animation may be more in the mood foi 
movies like “American Graffiti” and “Animal 
House.” 

“The market for anima tion won’t die. but 
growth will slow over the next five years," 
predicted Tom Pollock, chairman of Universal 
Pictures. 

Yet as Mazer notes: “Even if every major 
studio puts out one of these a year, and even 
Disney has trouble doing that the demand 
wouldn’t be satisfied Every year, 300 to 400 
films are put out there and in 1992. only nine of 
them were PG-rated Kids and parents want 
more variety.” 


WEATHER 


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Forecast (or Thursday through Saturday, as provided by Accu-Weather. Asia 






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Jetstream 


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North America 

A few showers will linger 
over flood-plagued areas m 
rhe South Central United 
States Thursday, but the 
Hooding rains will have 
ended Atlanta to Philadel- 
phia wfl be warm with a tew 
passing showers Thursday. 
The Western states will have 
tranqul. mBd weather. 


Europe 

A storm lorming in the eerv 
Iral Mediterranean Sea later 
this week will generate 
heavy tains and gusty «wids 
Irom Sicily to southern Italy 
Windswept showers aie like- 
tv from Pans to London 
Thursday Into Friday. Rain- 
laced gales will bullet 
Belfast. Dublin and Glasgow 
mo the coming weekend 


Asia 

Chilly air Irom Beijing 10 
Seoul Thursday wil give way 
to dry. milder weather this 
weekend. Shanghai will 
show improvement Thursday 
and Friday as ram and 
clouds shin oui to sea 
Typhoon Teresa will move 
across northern Luzon with 
high winds and heavy rains 
iaie Thursday or Friday. 


Middle East 


ToOiy Tomorrow 

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Caracas 29*4 2068 pc 241 M 20-88 pc 

Lima 18/64 16*1 pc 19/46 16*1 pc 

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‘REEK WINS — The Polish director 
Krzysztof Kieslowski's “Red” has 
won the top award at the Vancouver 
International Film Festival 


F ANS of The Eagles will be able to 
check out a renovated “Hotel Califor- 
nia” and other tunes despite the band’s 
postponed tour with the release next 
month of the group’s new album, “Hell 
Freezes Over.” Most of the 14 tunes were 
recorded last spring for an MTV perfor- 
mance, to be broadcast for the first time 
OcL 26. The MTV concert marked the first 
time Don Henley, Glenn Frey, Don Felder, 
Joe Walsh and Timothy B. Schmit had 
performed together in 14 years. 


Two members of ABBA, the 1970s pop 
group, are producing a musical about a 
poor Swedish family that emigrated to the 
united Slates in the 19th century. Benny 
Andersson, 47, and Bjorn Ulvaeus, 49, are 
said to be casting the main roles for the 
stow, which is expected to open in Sweden 
in a year. 

□ 

The former Soviet President Mikhail S. 
Gorbachev is shaking the branches in Hol- 
lywood to benefit Green Cross Interna- 
tional, the environmental organization he 
founded in 1993. At a luncheon, Gorba- 
chev spelled out the organization's pur- 


pose to 60 entertainment and business 
leaders, including Barbra Streisand and 
Ted Turner. “Today, nature is taking its 
revenge for mankind's mistreatment of it,' ' 
be said. 


Madonna desperately wants to have a 
baby, or so she tells the comedian Ruby 
Wax in a BBC interview. The entertainer 
also says she may have struck it lucky and 
found her perfeetpartner at last The BBC 
is saving the details for the broadcast this 
weekend. 


John Wayne Bobbitt is to work as a 
stripper in a gay nightclub in Fort Lauder- 
dale, according to the Miami Herald. Bob- 
bitt, whose penis was surgically reattached 
after it was cut off by his then-wife, has 
starred recently in a dirty movie and 
served two brief jail terms for beating up 
his girlfriend. 

□ 

The director Michael Ritchie is looking 
for unknown actors to play the young 
people in the film version of “The Fantas- 
ticks,” the off-Broadway theater legend 
that has run in New York since 1960. 


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AMERICAS 

ARGBITIMA* . .. 001-800-200-1111 


BlXIVIA' 

BRAZIL 
CANADA 
CHILE 
COLOMBIA 
£L SALVADOR-i 

HONDURAS?. 

ME»C0*« 


0-HB-1I12 

000-8010 

1-BOO-575-Z22 
00^0312 
. B80-11-D010 
. 190 
123 

95-601-462-4240 




PANAMAi IDS 

PEBLrf. . . 191 

VENEtUOAV 88-811-120 

AFRICA 

DABOff* 0O^OO1 

0AMBIA' 00111 

IVORY COAST . 00-111-11 

KENYA* 0800-10 

LIBERIA 7S7-707 

SOUTH AFRICA 0-880 -99 -01 Z3 


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AT&T VSADirect^and World Connect* 
Service lets you quickly place calls 
on your own. 

Calling the States or one of over 100 other countries? 
There's no easier, more reliable way than AT&T 
USADirect and World Connect Service. Especially if • 
you ^ke this shortcut. After dialing the AT&T Access 1 
Number for the country you're in, instead of wait- ; 

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ing for the English-speaking operator, follow the 

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voice prompts. Your call will get through faster and ' 
can be charged to your AT&T Calling Card. Suffice il : ' 

to say. for experienced business travelers, the choice, 

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isn t which international long distance company »j 
use. Its which AT&T speed to use: Fast Or faster.! 

Tru eWorld- Connections j 


AT&T 


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