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INTERNATIONAL 


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PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 


The World’s Daily Newspaper 


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Paris, Monday, August 4, 1997 


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No. 35.590 




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That German G 


nsis: 


The Shadows Darken 

Vast Economic Competition Is Shaking 
The Country’s Institutions and Its Faith 


By John Vinocur 
and John Schmid 

International Herald Tribune 






DUESSELDORF — If only this 
were a Deutsche mark crisis or a 
hostage crisis or an oil crisis or a 
missile crisis or any of the other 
couple of dozen basically graspable, 
nicely circumscribable crises Ger- 
many has had to deal with over the last 
50 years. 

But it isn't. This is the crisis with- 
out a name. Instead, it is the diffuse 
reality of a country, both its citizens 
and political establishment, shaken 
by the idea that the house rules that 
made Germany rich and secure after 
World War n may just no longer 
apply. 

“What do I see in Germany?” 
President Roman Herzog asked in a 
major speech earlier this year. “A 
vast sense of discouragement is the 
dominating element. A crippled feel- 
ing hangs over our society What 

is it with our country? The loss of 
economic dynamism, the rigidity of 
life here, an unbelievable mental de- 
pression, those are the central ele- 
ments 

! “Our problem is a mental one. It 
isn’t as if we didn't know we have to 
. urgently modernize our economy and 
society. 1 say we don ’t have a problem 
recognizing the situation, but a prob- 
lem doing something about it. There 
are no mitigating circumstances for 
-the blocked modernization process in 
(Germany. It’s homemade and we can 
blame it on ourselves.” 

. In fact, the postwar monuments of 
■stability and consensus are creaking. 
-The unions, the banks, the currency, 
the controlled, rule-laden, consensus 
capitalism that the Germans call their 
social market economy, government 
itself — all appear seriously dimin- 
ished in their capacity ‘to regulate so- 
ciety, sustain wide prosperity or sur- 
vive intact the changes worldwide 
competition is imposing on Germany. 
The Frankfurt stock exchange leaps to 
unknown heights, a bright new airport 
is rebuilt here, labor and management 
cut a few contracts that herald a new 
suppleness and a German wins the 
Tour de Ranee for the first time; nice, 
but for many Germans, this is the first 
summer when people are acknowl- 
edging that- much of a half-century's 
granite certainties are gone. 

“The durability of the system, 
things people never doubted before, 
all of a sudden look shaky, as if they 
~Ttad no future,” said Professor Hans 


Ulrich Wehler of Bielefeld Uni- 
versity, who has written on the sur- 
vivability of the German model. 

More so than in other European 
countries, the certainties, the pride in 
institutions that worked and a social 
contract that once offered good jobs, 
excellent salaries and extraordinary 
benefits provided a real sense of iden- 
tity to a Germany that uo longer 
sought it from adventure or nation- 
alism. The loss, even in part, of these 
certainties is at the center of a crisis 
that cannot be resolved with a com- 
mando raid or market intervention. 

NEWS ANALYSIS "" 

In Germany mid- 1997, it had come 
to this: On July 16, economists, aca- 
demics and publicists gathered at the 
Hotel Kieler Kaufmann for an in- 
ternational workshop sponsored by 
the Kiel Institute of World Economics 
and the Massachusetts Institute of 
Technology. Their discussion topic 
was simply, “The Newly Declining 
Countries: Symptoms and Ther- 
apies.” The same day, the Allensbach 
Institute, the country's leading 
polling organization, reported that a 
majority of Germans no longer had a 
positive opinion about their country’s 
economic system, once a global ex- 
ample, and that their confidence in the 
Bundestag had fallen to the lowest 
point since the founding of the Fed- 
eral Republic in 1949. 

The outside world does not pay 
acute attention to the crisis because it 
has come in bits and pieces, a steady 
tap-tap rather than a rumble, and be- 
cause trouble in Germany these days 
no longer carries the either/or pos- 
sibility of cataclysm: A drift into the 
Soviet orbit cannot happen and a 
swerve toward neo-Nazi parties 
seems highly unlikely. The fact is. 
too, that some Europeans think if Ger- 
many has at least 1 1 percent unem- 
ployment, prices that ipse faster than 
Italy’s in June, a ranking of 25th cm 
the World Economic Forum compet- 
itiveness list, a declining share among 
the world’s exporters and fire slowest 
growth among the big industrial 
countries, there . are probably offset- 
ting gains for everyone in new Ger- 
man modesty and circumspection. 

Yet, in comparison with France, 
which in June chose a Socialist gov- 
ernment to cushion the hard edges of 
change, Germany is in an essentially 
different position. Here, both sides of 

See GERMANY, Page 9 



Anj» N'udnnghnu/Apnct Rmcr-ftcme 

TOO FAST TO CATCH — Maurice Greene of the United States, right, finishing ahead of Donovan Bailey of 
Canada, the world record-holder, to win the men’s 100 meters at track and field World Championships. Page 18. 

Who’s to Blame for the Tigers’ Woes? 

Turmoil Lays Bare Some Cracks in Southeast Asian Economies 

the region in recent weeks — huge 
currency devaluations, the International 


By David E. Sanger 

New York Timex Service 


By the time they make it from the 
airport to the hotel, first-lime visitors to 
the “tiger economies" of Southeast Asia 
almost all blurt out the same question: 
Where did all the money come from? 

In K uala Lumpur, the Malaysians are 
putting the finishing touches on the 
world's tallest twin towers, and the na- 
tional car, the Proton, competes for space 


with Mercedeses on the streets below. 

Bangkok, once known as the Venice 
of Asia for its tree-lined canals, has 
filled every watery centimeter with con- 

NEWS ANALYSIS 

crete to support office towers that 
stretch into the polluted mist Even the 
Philippines, once Asia's basket case, 
finally has its act together. 

So the financial crisis that has shaken 


Monetary Fund sweeping in to prop up 
the Philippines and virtually take over 
the central bank of Thailand — naturally 


raises the question of how much of this 
phenomenal growth is a chimera. 

Are the tigers just large house cats? 
Have they caught Japan disease, letting 
their h anks get ahead of their brains. 

See TIGERS, Page 6 


Railroad Mishap Slices Italy in Two 


Tw Assoc: JU'd Press 

ROME — Tens of thousands of passengers on trains 
passing through Rome on Sunday were forced to wait hours 
for buses to Eke them from one end of the city to the other 
after an accident cut the nation’s rail heart-line in half. 

Workers were trying to remove overturned train cars 
after a derailment Saturday at a suburban Rome station 
when a crane they were using toppled over, blocking the 
r emainin g few tracks for northbound and southbound 
routes. 

“Italy’s divided into two,” said the anchorwoman of 
RAI scate TV. 

Eight million passengers were expected to travel on 
I talian railways over the weekend, when Italians tradi- 
tionally leave on their August vacations. 

With vacations already reducing the force of railway. 


workers, train travel during the peak of summer became a 
nightmare. 

The state railways mobilized buses, including 13 buses 
from Rome transport system, which already was on a 
reduced Sunday schedule and short on drivers. 

“It's clear that the amount of passengers on the trains 
can’t be handled by buses.” said Giuseppe Sciarrone, a 
director of passenger services for the state railway. 

Railroad workers were hoping to get the tracks cleared by 
early evening, Mr. Sciarrone said. He said that the situation 
should be back to normal Monday. 

On Sunday, one track was freed from die overturned 
crane and a first train moved through the station. It was a 
southbound train from Turin, which started out before 10 
PM. Saturday and which should have arrived in Rome 
before dawn. 


Decades of Political Stagnation Hobble Economies of Arab World 




By John Lancaster 

Washington Past Service 


CAIRO-— Three years ago, Peyton Baker 
I-moviscr^ere from Indianapolis to run El Nasr 
iHer s and Pressure Vessel Co., one of the first 
. « putie-owned companies sold by the Egyptian gov- 
L^ ^Snent to private investors as pan of an effort to 
M ffiftfl' n modem, free-market economy. 

Things have been difficult ever since. 
t. v - v Mr. Baker, who manages the vast plant on behalf 
*:■ ' ‘of i& Ohio-based Babcock & Wilcox Co. and 23 



Egyptian owners, can claim some modest success: . 
He has replaced handwritten ledgers with com- 
puters, retrained some workers in the use of high- 
tech welding gear and this year expects to turn a 
profit of about S3 million. 

First of two articles 

But he is not a happy manager. Problems include 
a bloated work force (layoffs are banned by law), 
frequent power failures and endless bureaucratic 
hassles, such as the time the police ordered him to 


pay a S 1 1 5 fine for “crimes against humanity’ ’ — 
apparently because his work force lacked the re- 
quisite number of disabled people. 

"I felt like I wanted to give this whole process a 
chance to work, that the government will take steps 
to make it better, and I’m just at a loss to know what 
will make it better.” Mr. Baker said in an in- 
terview. 

“Labor laws have to change, the bureaucracy 
has to change, the judicial system has to 
change.” 

He added: "There are a lor of things that need to 


go on if they're interested in getting and keeping 
foreign investment.” 

Such measures are a matter of some urgency, 
and not just in Egypt. 

Decades of revolutionary politics, Soviet-style 
central planning and military confrontation with 
Israel have inhibited the development of modem 
free- market economies in much of the Arab 
world. 

As a result, those economies have largely missed 
See ARABS, Page 6 


Israel Fears 
New Attacks 
And Deploys 
Police Forces 

Jittery Population 
Stays Away From 
Buses and Markets 


By Douglas Jehl 

New York Times Service 

JERUSALEM — A reinforced army 
of paramilitary police fanned across Is- 
rael on Sunday as the government said it 
had indications that Islamic mili tants 
might be planning renewed attacks to 
follow last week’s suicide bombings in 
a Jerusalem market 

The huge deployment, which nearly 
doubled the number of heavily aimed 
police on the streets of Jerusalem, added 
to a sense of unease that left Israel’s 
buses mostly empty and its shopping 
centers mostly deserted of civilians as a 
9 P.M. deadline set by unidentified mil- 
itants who have warned of further at- 
tacks expired. 

Israeli officials have said they do not 
know whether that warning, issued in 
the name of the Islamic militan t group 
Hamas and calling for the release of 
Palestinian prisoners, was credible. But 
the chief of the Israeli police, Hafez 
Efetz, said the authorities had learned of 
“a series of details” pointing to the 
possibility of renewed violence. 

And in a sign of the potential for 
retaliatory strikes, Israeli police said a 
67-year-old Palestinian man was shot 

Arafat cabinet is set to quit Page 6. 

dead Sunday evening near the Jewish 
settlement of Carmel on the West Bank 
by attackers in a passing car. Israel’s 
Channel Two television quoted a wit- 
ness as saying that the car bore the 
yellow license plates issued to Israelis. 

The dark mood was further under- 
scored by a stem declaration from Prime 
Minister Benjamin Netanyahu, who 
told his cabinet during a daylong meet- 
ing that Israel would no longer honor its 
agreements with Yasser Arafat, the Pal- 
estinian leader, unless Mr. Arafar did 
more to crack down on Islamic militants 
in territory under Palestinian control. 

Mr. Netanyahu has ordered a halt to 
the payment of the S25 million a month 
in taxes and customs fees that Israel 
collects for Palestinian goods. That sum 
accounts for more than half of the 
monthly Palestinian budget, and togeth- 
er with the rigid closure that Israel has 
imposed on Palestinian territories, the 
decision to suspend it is bound to 
quickly exert severe economic hard- 
ship. 

In the four days since the devastating 
bombing prompted the harsh response, 
both Mr. Netanyahu and Mr. Arafat 
have adopted increasingly venomous 
language in accusing one another of bad 
faith, and Sunday the prime minister 
suggested that the consequences of the 
fallout could be drastic. 

“If Arafat honors his commitments 
in the agreement, chiefly to fight ter- 
rorism, .the agreement will survive,” 
Mr. Netanyahu said of the interim peace 
accords that Israel first concluded with 
the Palestinians four years ago. 

“If he doesn't, we will not keep up 


See ISRAEL, Page 6 


Dollar Just Can’t Lose 

Whatever Fed Decides, Currency Is Set to Gain 


By Carl Gewirtz 

. . .. International Herald Tribune 

. - PARIS — The dollar is in 
orbit, headed still higher 

.-^turbulent conditions in the U.S. bond 

aafoquiiy markets, analysts isu ■ 
■fv.' vftek when most U.b. assets 
TSbed down as the markets closed, the 

*3? ended a o /jjg 

against the Deutsche mj** . versus 
DfcCand at a three-month high versus 

the. yen at, 1 18.39 yen. w *n 

Aalysts reckon that the doHar wm 

Federal 

U 5 ; interest rates — thts is ut !ast 
. .TOfed equity and bond m ^ 

l’** -—because the mcome eamw 

holding the currency will mere® 


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if the Fed at its Aug. 19 policy meeting 
leaves rates unchanged, the expected 
recovery in stocks and bonds should 
continue pulling money into those mar- 
kets and, therefore, the currency. 

U.S. stock prices retreated from the 
record high set midweek and bond 
prices fell, pushing yields well above 
the year’s low, on economic data in- 
dicating a robust pick-up in third- 
quarter activity following the modest 
slowdown in the second quarter. It was 
the private data from puit&asing man- 
agers indicating a rebound in manu- 
facturing prices that fueled fears of Fed 
action. 

Even without an interest rate increase 
by the Fed, short-term U.S. interest rales 
of 5 percent already stand 2 -percentage 
points higher than in Germany and 4J 
points above the level in Japan. This, 
notes John Makin ai Caxton Corp., a 
U.S. hedge fund, means that “people 
are being paid to own the currency of the 
world’s healthiest economy.” 

The big uncertainty in the currency 
market is the Bundesbank, which has 
signaled its discomfort with a rapid de- 
preciation of the Deutsche mark’s ap- 
preciation of the dollar. The dollar rose 
I 4 percent last week and is now 6.6 
percent up over the past month and up 
Sq percent so far this year. Most analysts 
Think that the value of the Deutsche 

mark now widely seen headed over 

1 90 per dollar — is less of arconeom to 

See DOLLAR, Page 6 



AGENDA 


Bonn Halts Contact With Bosnia Envoys 


ImwtU Fmu-Pieac 

IRAN SUCCESSION — Ayatollah Sayed Ali Khamenei, center, the 
religious leader, confirming Mohammed Khatami as president Sunday. 
The departing president, Hashemi Rafsanjani, looked on. Page 6. 


Germany on Sunday became the 
first government to declare a suspen- 
sion of contacts with Bosnia’s envoys 
abroad, following a recommendation 
by the international community's high 
representative in Bosnia-Herzesgovina, 
Carlos Westendorp. He said earlier in 

President of Kenya 
Criticizes Aid Cutoff 

NAIROBI (Reuters) — President 
Daniel arap Moi of Kenya on Sunday 
criticized a decision by the Interna- 
tional Monetary Fund to cancel a major 
aid package as purely political and 
lacking economic sense. 


Sarajevo that he had recommended 
that the Western powers suspend con- 
tacts until a law governing ambassad- 
orial appointments was enacted in Bos- 
nia. The factions there have not agreed 
on how ambassadorial posts should be 
divided among them. Page 5. 

PAGE TWO 

France Hears Alarm on Radiation 

Books Page 9. 

Crossword _ Page 9. 

Opinion Page 8 . 

Sports Pages 16-18. 

Tho Intarmarkat 


The IHT on-line http://ivww.iht.com 


Why Not? Asks Woman Seeking Kenya Presidency 

.... — — — 'i Ct-m Darliomant in VamiD'o multmami flirt lunmm tnmn finr fhi» nffifp in n rnimtn/ that tc tn 


By James C. McKinley Jr. 

New York Times Sen-ire 


■ NAIROBI — Charity Kaluki Ngilu will never for- 
get the day she became a professional politician. She 
was washing dishes in her kitchen when she saw a 
group of women approaching the backdoor with leafy 

branches in their hands. , . . 

Most were members of a local women s association 
with which she had worked to build better waterworks 
and health clinics in the town, Kitui. about 120 ki- 
lometers (75 miles) east of here. One of the women 
knocked on the door. Mrs. Ngilu came out drying her 
hands on an apron. The woman told her they wanted 


her to run for Parliament in Kenya’s first multiparty 
elections. . . 

“I said, ‘You are joking. You are crazy, obvi- 
ously.’ " 

That was five years ago. Mrs. Ngilu ended up 
bearing the incumbent in an unusual grass-roots up- 
rising against the government and since then has 
become an irritant to President Daniel arap Moi, 
upbraiding his ministers on a regular basis in Par- 
liament for doing little or nothing for the poor, es- 
pecially women. 

t)n July 9, she took her crusade a step further. She 
announced that she would run for the presidency, in 
elections expected later this year. That made her the 


first woman to run for the office in a country that is. to 
say rhe least, nor known for women’s equality. 

Her idealism may not be misplaced. Despite the 
long odds — Mr. Moi has been in power since 1 978 — 
some political strategists believe she has a chance of 
winning if she manages to reach a one-on-one runoff 
election with Mr. Moi. That outcome has become 
possible because the field is so crowded with can- 
didates from different ethnic groups that no one is 
expected to win in the firsr round. 

Just how much Mrs. Ngilu’s candidacy threatens Mr. 
Moi may have been demonstrated three days after she 

See KENYA, Page 6 


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INTERNATIONAL HERAL D TRIBUNE, MONDAY, AUGUST 4, 1997 

PAGE TWO 


Dispute on Radiation Levels / How Safe I s Reprocessing Plant m Normandy? 

Leukemia Study Alerts France to Nuclear Danger 


By Craig R. Whitney 

New Uirt Times Sen-ice 

B EAUMONT-HAGUE, France — Until 
this year, the French seemed to worry 
about nuclear power about as much as 
they worry about cholesterol. 

Since the 1960s, France has shifted 82 percent 
of its electricity production to ‘nuclear power, 
built and run a fleet of nuclear-powered sub- 
marines and maintained an independent nuclear 
deterrence program as fearlessly as it continued 
to consume Camembert and crtime fralche. 

The huge and sprawling Hague nuclear fuel- 
reprocessing plant just up the road from here is 
set incongruously in an area of rocky pastures, 
heather and hedgerows, at the farthest point of 
Normandy's Co ten tin Peninsula. 

The installation is owned by a state-controlled 
company and the 6,000 employed either at the 
plant or by its subcontractors bave been happy to 
have the work. The plant treats used fuel, re- 
covering u raniu m and plutonium that can be used 
again, and making the waste easier to store. 

But the plant’s neighbors got bad news Jan. 
11. when a report on a study by two French 
public health specialists was published in the 
prestigious British Medical Journal. The re- 
searchers. Jean-Francois Viel and Dominique 
Pobel of the University of Besancon, explored 
the possible causes of 27 cases of leukemia 
among local residents under age 25. The victims 
lived within a 32-kilometer (20-mile) radius of 
Beaumont between 1978 and 1993. 

Closer in, within about 8 kilometers of the 
plant, Mr. Viel said, the study found 4 such 
cases, although statistical probability predicted 
only 1.4. 

The report, which was written with the co- 
operation of scores of relatives, doctors and 
other local authorities, stirred widespread public 
concern, forcing the government to commission 
a new study. It concluded that radiation levels 
were well below safety guidelines. 




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W HAT SET OFT the anxiety was Mr. 

Viel’s conclusion: “Our main find- 
ing was that the use of local beaches 
by children and mothers was as- 
sociated with the development of leukemia 
among the children.” 

The resulting reaction, in the words of Beau- 
mom’s mayor. Michel Laurent, has been “a 
catastrophe” for the area's reputation. 

Articles in the national (ness and television 
reports have depicted the peninsula as something 
of an atomic wasteland. The international en- 
vironmentalist group Greenpeace installed a 
measuring device at a waste discharge site run- 
ning from the reprocessing plant into the English 
Channel; results prompted it to sound alarms 


Anti-nuclear demonstrators in central France commemorating Vital Michalon, who was killed during a protest in 1977 at a plant. 

about the level of radiation. When summer ar- have the same extra exposure to radiation that * The plant’s published measurements ind 
rived, campers and hikers stayed away. you would get from a single eight-hour airplane that it releases much less radioactivity now 

The slow tourist season may also be a re- flight from Paris to New York." it did in 1987. "The impact of the rep races 

flection of France’s stagnant economy, but Mr. After a lunch of precisely that sort offish at the plant on its environment is practically no 

Laurent, like mayors in other cities whose live- company canteen, Mr. Ledermann accompanied istent,” the report on radiation levels reads 

lihood depends on nuclear power, blamed out- a group of visitors on a tour of the plant's Measurements are taken yearly from 25 

side agitators. operations. samples of soil, beach sand, ground water, 1 

“We are the victims of a national disin- shellfish and other marine life. The techi 

formation campaign the likes of which have ■ OBOTS do most of the work, behind staff of about 25 who collect the data portra 

never been seen before," he fumed here, in- B M concrete walls and lead-crystal win- impact far less than that of normal radiation 1 

sinuating that “big oil and big gas” might be dows nearly a meter (3 feet) thick. The other sources. 

supporting the campaign. JL, workers who monitor them wear ra- Mr. Viel said in his study that some ol 

Until his recent retirement, Mr. Laurent owed diation meters and protective white smocks. The incidence of leukemia might have resulted 1 

his livelihood to the nuclear fuel-reprocessing nuclear waste from plants in Japan, Switzerland, earlier, higher levels of radiation at the plan 

industry, like many of his fellow mayors in this the Netherlands, Belgium and Germany, as well Nevertheless. Nathalie Geisraar, who 1 

remote region. In addition to the 6,000 at the as France, cools first in hangar-sized rooms just east of Cherbourg with her children, 2 ai 

plant, thousands work at a nuclear power station containing vast blue pools of distilled water. It read about Mr. Viel’s report last winter and 

16 kilometers away and at the nuclear submarine takes years for the fuel to cool to the point where action. “I run a cafe-restaurant, and I live 

dockyards in Cherbourg, 19 kilometers east of the it can be reprocessed. tourism," she said, “so I'm not intereste 

plant. “I was bom here, but it was only the plant The 3 percent or so of the fuel that cannot be ruining the public image of La Hague. But 

that allowed me to stay,’ ’Mr. _ Laurent said. turned back into usable plutonium oxide or can't ignore the possible danger." She colle 

The reprocessing installation is part of the uranium oxide is melted into a glass substance 4,000 signatures from other worried mothers 

Cogema Group, a public company of which 86 for storage. demanded more information from Cogema. 

percent is controlled by the French government. Accidents can happen, of course, and workers Mr. Ledermann said there was nothin] 
The plant's director, Patrick Ledermann. said are warned to be vigilant, but nuclear accidents do worry about Even the Greenpeace w 

he was confident that the storm would pass. not seem to be on plant managers' minds. “Sev- samples, he said, only confirmed that the c 

* ‘In ope year, ’ ’ he said, “if you lived here and enty percent of accidents happen between work pany was discharging no more radioactive 

ate nothing but fish from local waters, you would stations,’ ’ a sign warns. ‘ Take the elevator. ’’ terial into the sea than the state allowed. 


The plant's published measurements indicate 
that it releases much less radioactivity now than 
it did in 1987. "The impact of the reprocessing 
plant on its environment is practically nonex- 
istent,” the report on radiation levels reads. 

Measurements are taken yearly from 25,000 
samples of soil, beach sand, ground water, local 
shellfish and other marine life. The technical 
staff of about 25 who collect the data portray an 
impact far less than that of normal radiation from 
other sources. 

Mr. Viel said in his study that some of the 
incidence of leukemia might have resulted from 
earlier, higher levels of radiation at the plant. 

Nevertheless. Nathalie Geisraar, who lives 
just east of Cherbourg with her children, 2 and 6, 
read about Mr. Viel’s report last winter and took 
action. “I run a cafe-restaurant, and I live off 
tourism." she said, “so I'm not interested in 
ruining the public image of La Hague. But you 
can’t ignore the possible danger." She collected 
4,000 signatures from other worried mothers and 
demanded more information from Cogema. 

Mr. Ledermann said there was nothing to 
worry about. Even the Greenpeace water 
samples, he said, only confirmed that the com- 
pany was discharging no more radioactive ma- 
teria] into the sea than the state allowed. 


travel update Divers Will Enter Lusitania 

Kenyan Air Traffic Is Disrupted f °s to "* a 'P Ms of th ™ P ro ™ ces “ To Find if Liner Was Armed 


NAIROBI (Reuters) — Flights were delayed or diverted 
Sunday from Kenya's main airports and tourists were stranded 
as a work slowdown by air-traffic controllers entered its 
second day. 

Arriving flights were delayed clearance to land for several 
hours and some planes were diverted to neighboring Tanzania, 
airport officials said. 

Fog Affects Travel in Indonesia 

JAKARTA (AFP) — Thick smoke and haze over Pekan- 
baru and Riau provinces in central Sumatra disrupted air and 
road traffic Sunday, reports said. Meteorologists also reported 


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The trademark lion flags have been lowered from four 
Ritz-Carlton hotels in New York City, Washington, Houston, 
and Aspen. Colorado, because of a dispute between the Ritz- 
Carlton Hotel Co. and the owner of the hotels. (NYT) 

Another six climbers fell to their deaths in the Alps, 
hospital sources said, bringing the number of fatalities in 
recent weeks to 29. (AFP) 

This Week’s Holidays 

Banking and government offices will be closed or services 
curtailed in the following countries and their dependencies 
this week because of national and religious holidays: 

MONDAY: Australia. Bahamas, Barbados. Burkina Faso, Canada. El 
Salvador. Grenada. Iceland. Ireland, Jamaica. Netherlands Antilles. Zambia. 

TUESDAY : Burkina Faso, Croatia, EJ Salvador. Grenada. 

WEDNESDAY : Bolivia. El Salvador, United Arab Emirates. 

THURSDAY: Colombia. Ivory Coast. 

FRIDAY: Iraq. Tanzania- 

SATURDAY: Singapore. South Africa. 

Sources: J.P. Morgan. Reuters. Bloomberg 


Have you been to 


Agertce Francc-Presse 

DUBLIN — A new probe to unlock 
the secrets of the Lusitania, the British 
ocean liner that was torpedoed off the 
west coast of Ireland by a German U- 
boat during World War t will begin this 
week, the investigation’s chief diver 
said Sunday. 

The diver, Des Quigley, said his sev- 
en-man team would be visiting the 
wreck over a period of a week after 
making an initial acclimatization dive 
Monday on the wreck of a U-boat in 
shallower water. 

A dispute over whether the Lusitania 
was equipped with 12 naval cannon as 
an “auxiliary cruiser," and was there- 
fore a legitimate target, has surrounded 
its sinking. 

More than 1,200 people died, includ- 
ing 128 Americans, when the Lusitania 


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sank on May 7, 1915. The attack con- 
tributed to the United States’ decision to 
enter the war on the side of the Allies. 

Mr. Quigley is the Irish represen- 
tative of an American businessman, 
Gregg Bemis, who has been ruled the 
sole owner of the wreck in courts in the 
United States, Britain and Ireland. 

The Irish government placed an un- 
derwater heritage order on the wreck 
after allegations that “pirate” divers 
were pillaging pieces of it. 

With the dive planned for this week, 
Mr. Bemis wants to establish whether 
the liner was fitted with guns and was 
carrying arms and ammunition. 

The divers will be able to spend only 
about 15 minutes on the Lusitania be- 
cause it is about 100 meters (330 feet) 
underwater. “It is veiy dangerous down 
there." Mr. Quigley said. 


WEATHER 


Forecast for Tuesday through Thursday; as provided by AccuWeather. 


a#*™* 

'•Xs 4 * ' 


Arms Race: 1 P 
Is It Ahead * 
For Latin 
America? 


By Calvin Sims 

New Hint Times Service 

BUENOS AIRES — As the armed 1 
forces of Latin America celebrated the- 
Clinton administration’s decision to 
permit the sale of advanced weapons’ 
that were restricted for decades, many 
other government officials and military 
analysts expressed concern that the *£p, 
move could spark a regional arms race 1 
in which countries feel under pressure to . 
buy sophisticated weapons they neither 
need nor can afford. 

“It’s a matter of keeping up with the; 
Joneses,” said a senior Argentine civilian-, 
defense official, who spoke on condition 
of anonymity. '‘If these new weapons 
become available and your neighbor ac-^ 
quires them, do one in* your bouse Is 
going to sleep well at night unless you get 
the same level of security.’’ Z 

Argentina initially opposed a relax- 
ation in the U.S. ban. saying sharp 
budget cutbacks bad reduced its ability* 
to pay for advanced weapons. But Ar- 
gentine mili tary officials, who also 
spoke on condition that they not be. 
identified, said over the weekend that 
the lifting of the ban, announced Friday, 
would only strengthen their argument A 
that after years of reductions they need a Y 
major increase in weapons spending to 
remain competitive 

In Chile, Argentina’s cash-rich 
neighbor, military officials were said to 
be elated over the removal of the 
weapons ban, especially since the de- 
cision comes at a time when the air force- 
plans to spend $400 million this year to 
buy about two dozen new jet fighters. 

Chile had considered buying 
Swedish JAS-39 Grippen and French 
Mirage 2000-5 fighters, but military of- 
ficials there have said they would prefer 
the U.S.-made F-16. 

Indeed, Lockheed Martin Corp., a U.S. 
weapons contractor that makes the F- 16: 
had lobbied heavily for the administra- 
tion to lift the ban, particularly because 
Chile was about to close die bidding 
process to supply its new fighter planes: 
Although both Argentina and Brazil* ,■ 
have reduced military spending in re- l, 
cent years, Raul Sohr, an independent 
military analyst, said from Santiago that 
he expected them to come up with the 
money for the weapons that Washington 
is now making available. 

“The reasons for lifting this ban are 
purely commercial and political," Mr. 

Sohr said. “The United States wants the 
economic benefit of selling these 
weapons and also the political influence 
that goes along with servicing and sup- 
plying them." 

Some experts cited Peru’s recent pur- 
chase of a squadron of Russian MiG-29s 
at an estimated cost of $350 million as a 
factor in persuading the administration 
to lift the ban imposed by President , 
Jimmy Carter in 19/8, when many Larin I 

American nations were under military 
dictatorships. 

in Argentina, Horacio Jaunarena, an 
opposition congressman and former de- j 
fense minister, said he believed selling 
such advanced weapons to Latin Amer- ] 
ica would result in an arms buildup. 

"To avoid an arms race, the effort has 
to come from the countries that are selling 
the weapons,’ ’ he said. “Bull understand 
tbar United States citizens are asking £.,* 
themselves, ’Why don’t we sell arms ' ; 
when other countries, such as Russia; j 
Belgium or Germany are doing rt.’ " : 


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and Northeast Wednesday many northward into Scan- 
and Thursday A large area amevia Tuesday through 
of high pressure will bring Tnursday Damp weaihor 
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INTERNATIONAL HERALD TRIBUNE, MONDAY, AUGUST 4, 1997 


THE AMERICAS 


PAGE 3 


Ambition: 


By Robert D. McFadden 

*<»r k Tinia Sen ice 

NEW ’i ORK — A few years ago, they were 
° f ****** ij) du 4 Palestinian 

Swt?P rt L U -?? eierS apan ln Israel ‘ s troubled 
west Bank. There are no indications that thev 
knew one another. Indeed, as relatives and 
fnends tell it they were not much alike: one 

caught up in the stone-throwing crowds of the 
Palestinian uprising known as the intifada, the 
0 d r a ^L . nor student never in trouble. 

But Gazi Ibrahim Abu Mezer, whose stone* 
throwing m Hebron led once to his arrest, and 
Lati Khalil, whose family lived in a quiet villase 
called Ajouk near Ramallah. had one thing In 
cpmmon, according to those who knew them 
then a determination to go ro the United 
States. 

g / No*. ^ they lie wounded in a B rookie 

v hospital, accused by the authorities of conspiring 


Military Lied 
About Nature 
Of UFOs, 

CIA Reports 


* By William J. Broad 

Nev York Times Serv ice 

^ . NEW YORK — In the darkest days 
of the Cold War, the military lied to the 
American public about the true nature of 
many unidentified flying objects in an 
qffort to hide its growing fleets of spy 
planes, a CIA study says. 

The deceptions were made in the 
1950s and 1960s amid a wave of UFO 
sightings that alarmed the public and 
some officials in Washington. 

_ The CIA study says the air force 
. Icnew that most reports by citizens and 
aviation experts were based on fleeting 
glimpses of U-2 and SR-71 spy planes. 


to teiTorize New > ork and the nation with sui- 

5 e ,S b, t n§S ' Mr. Abu Mezer. 23. and Mr. 
Khald. have become the focus of a mvstery: 
J/ ,d their paths cross halfwav around the world 
by chance or by design? bid thev come to 
America to seek a bener life, or to slaughter for 
Palestinian vengeance? 

Law-enforcement officials in New York ad- 
mitted over the weekend that thev had no ev- 
idence. only intriguing hints at best, of a con- 
nection to Hamas, the militant Islamic 
organization that has claimed responsibility fora 
string of deadly bombing attacks in Israel over 
the last several years, or anv other radical Islamic 
group. 

Hamas denied Saturday anv connection with 
the two men. saying from the Gaza Strip that 
“Hamas has declared repeatedly and still that 
our struggle doesn’t target anvbodv but the Is- 
raeli Zionist occupation, and its battlefield is 
only the land of Palestine. * ' 


For relatives and friends of the accused men. 
there was only stunned disbelief over their ar- 
rests before dawn Thursday — and a host of 
questions about how two quiet, polite young men 
who seemed to care little about religion or pol- 
itics. who called home regularly to tell of girl- 
friends and their improving lives in America, 
could have become would-be killers. 

"He was a balanced person who had always 
been friendly with everybody/.' Subail Mifleh 
Khalil said of his nephew. Lafi. "Maybe he was 
blackmailed or cheated. I am in shock.” 
ln Ajoul. the village where Lafi Khalil grew 
up as the son of an auto pans dealer, he was a 
good student, always on the honor roll, and had 
never been in trouble, his uncle said. 

Village life there seemed to reflect the tempo 
of Ramallah. the nearest town. 15 kilometers (10 
miles) north of Jerusalem, traditionally a quiet, 
relatively prosperous community where many 
Palestinians are Christian, where a Western life- 


style is common and where Palestinians and 
Jewish settlers mostly keep their distance. 

In contrast. Hebron, an old town 30 kilometers 
south of Jerusalem, where Mr. Abu Mezer was 
raised, has long been a battleground of the most 
extreme elements of Islamic ftmdamemalisis 
and Jewish settlers. During the intifada, almost 
every Palestinian youth in town hurled stones at 
Israeli troops, and Mr. Abu Mezer was among 
them in 1990. when he was arrested and held for 
a week, though not charged. 

His brother, Nour, 33. a lawyer, said Gazi was 
the youngest of seven children in a well-edu- 
cated middle-class family touched repeatedly by 
the Lsraeli-Arab conflict. 

Two decades ago. he said, an auto pans store 
owned by an uncle was blown up by Israeli 
soldiers 3mid clashes between Palestinians and 
Jewish senlers. and Nour Abu Mezer was him- 
self deponed by Israel briefly for Palestinian 
political activities. 


Gazi s only political leanings. Nour said, were 
for the Popular Front for the Liberation of Pal- 
estine. one of nine factions that make up the 
Palestine Liberation Organization of Yasser 
Arafat. But aside from the stone-throwing in- 
cident, he had had no serious involvement, his 
brother said. Another brother, Nasser, said that 
the whole family supported the peace treaty with 
Israel. 

Gazi did not seem interested in religion or 
politics in Hebron. 

"He left Hebron to gel away from the suf- 
fering of the people living here/’ Nour Abu 
Mezer said. "He was looking for a good future 
for himself.” What he and Mr. Khalil wanted, 
their families said, was to go to the United 
Stares. 

Mr. Abu Mezer’s famil y in Israel said that 
while he called borne twice a month and wrote 
letters regularly, he never mentioned that he was 
living with a Palestinian. 


POLITICAL NOTES 


which fiv extremely high. Those planes 
were developed in the 1950s and 1960s 
to photograph enemy targets. From 
secret bases, mainly in California and 
Nevada, the aircraft repeatedly flew 
across the country’ and eventually over- 
seas to bases in countries that included 
Britain, Wesr Germany and Taiwan. 

. . While commercial airliners in the 
4950s flew at altitudes of up ro 30.000 
feet (9,100 meters), the U-2 soared to 
more than 60,000 feel and the SR-7 1 to 
more than 80.000 feet, or 15 miles, 
nearly the edge of space. 



a v f. r- 1 ;-.- 1 ‘.- \ 

Mr. Lott of the Senate embracing the House speaker. Mr. Gingrich. 


Praise for Lott's Style 

WASHINGTON — Months before 
the 105th Congress convened last 
January. Trent Lott made a pledge to 
himself: He would push relentlessly for 
agreement with the White House to 
"get the balanced-budget monkey off 
our backs" and achieve the Repub- 
licans* long-standing goal of a big tax 
cut. 

Rarely wavering in his steely op- 
timism that the often sluggish Con- 
gress could do in a few months what ir 
had failed to do in many years. Mr. Lott 
infused the process with a dare-not-fail 
sense of inevitability that helped enor- 
mously at difficult moments, col- 
leagues said. 

With enactment of the huge budget 
and tax packages Friday, others, prin- 
cipally Mr. Clinton and Mr. Gingrich, 
got the headlines. 

But. among lawmakers. Mr. Lott, 
barely into his second year as Senate 
leader, deserves just as much credit — 
more in the minds of some. Some val- 
ued his steadfastness, others his deal- 
making skills. But there was wide- 
spread agreement last week that he 
combined the two in a way that 
worked. "He was the steady hand.” 


said Senator Dan Coats, Republican of 
Indiana. 

■ * I’m sort of like a plow horse/ ' Mr. 
Lott said." (WP) 

Congress Recesses 

WASHINGTON — With the job 
made measurably easier by the bipar- 
tisan deal to balance the budget. Con- 
gress left town last week for a month- 
long recess, having initially passed a 
majority of the 13 spending bills that 
are needed to run the government. 

None of the appropriations bills 
have reached the White House or gone 
through the House and the Senate ne- 
gotiating process. And the eight spend- 
ing bills that passed in the House and 
the 10 that the Senate completed put 
Congress on roughly the same pace as 
it was in the previous two years. 

But in a change from the last Con- 
gress. the spending bills were advanced 
this year without the partisan bitterness 
that led to the partial shutdown of the 
federal government. tNYTi 

New Quarters Afoot? 

WASHINGTON — Take a good 
look at that quarter in your pocket. 


Republican leaders in Congress, ever 
intent on whittling Washington's 
power, hope to give all 50 states their 
first chance to redesign it. 

After a year-iong review of the issue, 
the Treasury Department said it would 
not block a Republican plan to allow 
each state to put an image of its own 
choosing on the back of die quarter. 

The proposal, approved Friday, 
would introduce the first change to the 
nation's coins since 1979. when the 
Susan B. Anthony silver dollar was 
minted. The plan would remove the 
American eagle that is on one side of 
the quarter beginning in 1999 for 10 
years, allowing five states a year — in 
the order that they were admitted io the 
union — to create their own images. 
The ponrait of George Washington 
would stay. (WP) 

Quote /Unquote 

Senator Fred Thompson. Republi- 
can of Tennessee, sianumg b> his as- 
sertion that China had an organized 
plan to influence the 1996 U.S. elec- 
tions. but blaming the lack of proof on 
Beijing: "We’re getting no cooper- 
ation from the government of China, so 
we’re having ro build a circumstantial 
evidence case." (AP) 


ana sensitive electronic gear to capture 
. radio and radar transmissions. The spy 
- craft were developed by the intelligence 
agency and often flown by the air force. 

. Rather than acknowledging the ex- 
’ • istence of the top-secret flights or saying 
•; -nothing about them publicly, the air 
force put out false cover stories, the CLA 
sjtudy says. For instance, unusual ob- 
servation’s that were actually spy flights 
\yere attributed ro atmospheric phenom- 
ena like ice crystals and temperature 
inversions. 

- - , ’ - Over half of all UFO reports from the 
late 1950s through the 1960s were ac- 
counted for by manned reconnaissance 
■ flights” over die United States, the CIA 
; study says. "This led the air force to 
make misleading and deceptive state- 
• ments to the public in order to allay public 
. fears and to protect an extraordinarily 

* sensitive national security project” 

? The studv, "CIA’s Role in the Study 
of UFOs. ‘1947-90," was written by 
Gerald Haines and appears in Studies of 
Intelligence, a secret CIA journal. The 
1997 edition, with the study on uniden- 
tified objects, can be found cm the World 
Wide Web at: hitp://www.odcLgov/csi/ 

.studies/97unclas/. 

“ The admission of federal deception 
on the issue appears to be a first, ac- 
cording to Richard Hall, chairman of the 
Fund for UFO Research, a group in 
- Washington. * * I don ’t know of any other 
deception like this,” he said. - 


Away From 
Politics 

• The cause of the crash of a Fed- 
eral Express cargo plane las: 
week at Newark International Air- 
port in New Jersey is stii! a mystery 
to investigators. The piane up- 


A Vacation, but Not From Worship 

Summer People Seek Spiritual Outlets; Clerical Imaginations Respond 


peared to land normally cu: then 
bounced -and flipped over. Tie five 
crew members escaped. • .YJT / 

• The discovery' in Florida of vir- 

al infections on manatees, causing 
skin lesions on the sea mammals, 
has raised concern among special- 
ists in Miami about a new threat to 
the endangered creatures. There are 
only about 3,000 manatees left, ac- 
cording to Gregory Bossart. a vet- 
erinarian and pathologist ai the 
University of Miami. lAPt 

• Tighter air pollution regula- 

tions and warnings against a new 
emission-control device have been 
issued by the Environmental Pro- 
tection Agency after a series of 
explosions at pharmaceutical and 
medical supply plants killed one 
person and injured dozens of oth- 
ers. The changes are temporary- 
pending investigations. < W"P / 

• A former Ku KIux Klan mem- 

ber who renounced a guilty plea, 
Arthur Haley, has been sentenced 
in Charleston, South Carolina, to 21 
and a half years for conspiring to 
bum a mi aunt labor camp and a 
church that had a predominately 
black congregation. I API 


Bv Gustav Niebuhr 


SYRACUSE. Indiana — ln >triped tie 
and dark blazer, the Reverend Harlan Stef- 
fen looks ready for church on this steaming 
hot morning, but his pulpit is a motorboat, 
whose engine rumbles to life as he and the 
Reverend Dan Heincker step aboard. They 
cruise out across the sun-dappled waters of 
Lake Wawasee. casting anchor not far from 
the shore. 

"Thank you. Lord, for the beauty of this 
day.” Mr. Steffen prays, his voice mag- 
nified across the waters by amplifiers on a 
dock about 40 yards (about 35 meters) 
away. When he’ pauses, the whine of a 
powerboat can be heard in the distance. 

Mr. Steffen is no latter-day St. Francis 
come to preach to the birds. 

Gathered close about him and Mr. 
Heincker are upwards of 400 people, the 
pilots and passengers of a bobbing arc of 80 
or more small boats. Another hundred or 
more people sit in lawn chairs on shore. 

"Boat-in worship" the service is called, 
a feature of summer Sundays here. Yet ir is 
not only the watery setting that makes it 
unusual, bui also — given the season — the 
size of the gadiering as well. 

Summer tends to be a slack time for 
organized worship. As people take time off 
for family trips, visits to the golf links or 
lazy days at home, attendance at some urb- 
an congregations falls by half. 

But in resort areas, the opposite holds 
true, as vacationers seek outlets for spiritual 


needs. In some places, like this 3.500-acre 
1 1 400-hectare » lake that draws tourists from 
Chicago and Indianapolis, enterprising 
clerics hold ser\ ices designed for summer 
crouds. 

Elsewhere, in more traditional settings, 
modest congregations that are quiet nine 
monihs a year go through a growth spurt as 
lourists arrive. 

In the winter months at St. Elizabeth 
Seton Roman Catholic parish in North Fal- 
mouth, Massachusetts, "we would prob- 
ably average 800 families," said the Rev- 
erend John Moore, the church’s pastor. But 
after Memorial Day, crowds descend on 
Cape Cod. ratcheting up the parish's 
tempo. 

"In July and August,” Father Moore 
said. "I would dare say we swell ro 2.400 
families. We have to add two extra services 
every Sunday." 

Seasonal crowds also swell attendance at 
the Hampton synagogue in Westhampton 
Beach on Long Island. New York. Ded- 
icated in August 1994. with a 350-seat 
sancrua/y. the Orthodox synagogue would 
draw more .than 400 people to Saturday 
services between May and October, com- 
pared with about 40 in the winter, said 
Rabbi Marc Schneier. its founder. 

The combination of leisure, absence of 
urban pressures and the appeal of the area’s 
natural beauty tend to make people more 
reflective. Rabbi Schneier said, adding that 
he encouraged informality, with people 
welcome to attend in shorts if they chose. 

"In the summer, in this kind of setting. 


there is a spiritual awakening." he said. "I ■ 
alw ays tell people that outside of Israel, this | 
is the most beautiful place to spend the I 
Sabbath.” j 

In Syracuse, nestled in farm country two . 
hours' drive east of Chicago, the tradition of j 
waterborne worship serv ices started mod- | 
estlv enough. About 25 years ago. Mr. j 
Steffen and other local ministers, inspired j 
by the stotv of Jesus preaching to crow ds 
along the Sea of Galilee, decided to hold a 
dockside service on Lake Wawasee. So 
successful was the service that they decided 
to reach out to the recreational boaters who 
throng the lake between May and Sepiem- 
ber. 

These days, those involved in services 
sound a bit like spiritual heirs to Ralph 
Waldo Emerson, extolling the virtue of 
discovering the divine through the expe- 
rience of nature — in this case the waters of 
northern Indiana's largest natural lake, 
whose shore is lined with groves of oak. 
maple and tulip poplars, and vacation 
homes. 

* ‘People just come out here and say this is 
the grandest cathedral that ever was.” said 
Mr. Steffen, whose weekday work is selling 
real estate, but who also serves as pastor of 
the nondeoominational Wawasee Lakeside 
Chapel. 

Clergy members take turns with the 
weekly sermon, while local musicians 
provide music. The event lasts 30 minutes. 
Then volunteers take long-handled fishing 
nets out on a dock to collect the offering 
from any boater who cares to give. 


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PAGE 4 


INTERNATIONAL HERALD TRIBUNE, MONDAY, AUGUST 4, 1997 


ASIA/PACIFIC 


1,000 Join March 
In Phnom Penh 

Mediators Meet With Hun Sen 
But Obtain No Role for Rival 


• CntqilrdteQin-LiigFntnDiiFt&tin 

PHNOM PENH - More 
UQ00 people marched 
Sunday through Phnom Penh, 
urging Cambodia's political 


resolve the role for Prince 
Ranariddh. 

The ASEAN delegation, 
led by Foreign Minister Ali 
Alatas of Indonesia, said it 



leaders to resolve their power had raised the question of the 
struggle without further vi- prince's future role in Cam- 

bodian politics during nearly 
The marchers — monks, three hours of miles with Mr. 
nuns and laymen — were led Hun Sen. 
by the country’s Buddhist “Of course we talked 
patriarch, Maha Ghosananda, about Prince Ranariddh’s 
who led prayers asking that role, both now and in the fu- 
* ‘peace prevail in Cambod- ture elections,” Mr. Alatas 
ia -l’ said. He described Mr. Hun 

Dressed in saffron and Sen's position on the prince 
white robes, the monks and as equivocal, 
nuns clasped their hands in "It was not such a straight- 
prayer as they wound through forward position that we 
quiet streets closed to traffic, got," Mr. Alatas said. “Itwas 
Many carried banners and lo- not black or white. ’ ’ 
rus flowers. Bur Mr. Hun Sen said the 

Scores of foreign aid work- mediators had agreed that the 
ers and diplomats, including prince should not return to 
the U.S. ambassador, Ken- Cambodia, where Mr. Hun- 
neth Quinn, took pan in the Sen has said the prince must 
march, officials said. Heavily face criminal charges. 



MS 


**!“ irf. m 







armed police monitored the 
event. 

Officials loyal to the 


“Can or can’t he come 
b3Ck? I don't know," Mr. 
Hun Sen said. “But on the 


second prime minister, Hun ASEAN side, according to 
Sen, also marched, including the Indonesian foreign min- 
Deputy Prime Minister Sar ister, Ranariddh should not 
Kheng and rhe co-minister of rerum at all because his return 
the interior. Sar Kheng. would further complicate the 
One of the organizers of the situation." 
march, Kevin Malone, said it Mr. Alatas refused to corn- 
had been planned for late Au- meat further on the discus- 
gust but the date was moved sions until the ASEAN en- 
forward after Mr. Hun Sen de- voys could meet again with 
posed the first prime minister, Mr. Hun Sen. 

Prince Norodom Ranariddh. Mr. Hun Sen lashed out at 
in a violent coup last month, the United Nations for expos- 
Regional mediators seek- ing executions of his oppo- 
ing a solution to the Cam- nents. He blamed human 
bodian crisis foiled this week- rights investigators for cre- 
end to obtain the return to ating a panic that had caused 


l*vx oi/rdrtiv* 

Buddhist monks leading the peace march in the Cambodian capital on Sunday. 

Activists in Japan Are Wary 
OfTokyo-Pyongyang Talks 


By Sonni Efron 

Los .Ingrlcs Times Sen ice 


Cambodia of Prince Ranar- 
iddh. who was abroad when 
the fighting began July 5. 

The Association of South 
East Asian Nations has called 
on Cambodia to apply its con- 
stitution and laws and hold free 
and fair elections next year that 
are open to ah participants. 

Mr. Hun Sen met with an 
ASEAN mediation team Sat- 
urday and agreed on the need 
to end the conflict and hold 
elections. But the talks did not 


survivors to flee the country, 
and he called on Prince Ran- 


TOKYO — The North Jong II goven 
Korean leader Kim Jong Ii al” and repre 
appears to be desperate to im- Anti-North 
prove relations with Japan, ment in Japan 
But there are obstacles — in- The founainj 
eluding a man named Kim organization, 
Jong II. Mugunghwa, 

Bom two years earlier than least six the c 
the North Korean leader, the roots groups 
other Kim Jong D, an ethnic that North I 
Korean businessman in Japan, tize, demilita 
was a true believer in and fund- man rights i 


nization of ethnic Koreans ber of Japanese women who 
who are pro- North Korea, emigrated to North Korea with 
publicly denouncing the Kim their Korean husbands to re- 
Jong II government as “feud- turn home for their first visits 
al"~and repressive. in more than three decades. 

Anti-North Korean senti- That about-face has 
ment in Japan is running high, prompted speculation about 
The founding of Mr. Kim's whether the famine-stricken 
organization. Democratic North is now sincere about 


Jong II government as “feud- 
al' ’"and repressive. 
Anti-North Korean senti- 


ment in Japan is running high. 
The founding of Mr. Kim's 
organization. Democratic 


ariddh to immediately order a raiser for North Korea until he 
cease-fire by the remaining visited the country in 1980. 


royalist armed forces. 


“I have been asked hun- 


Fighting in northwest dreds of times to change my 
Cambodia did ease Sunday, name.” Mr. Kim said from 


sources said, a day after Thai- 
land allowed more than 5.000 


Kobe. 

Instead, he has changed bis 


refugees and 374 royalist sol- citizenship, to South Korean, 
diets to enter the country fol- And after years of fearful si- 
lowing battles between forces ience, last month Mr. Kim 
loyal to the rival prime min- and 57 others broke with Cho- 
isters. (AP, Reuters. AFP) sensoren. the Japanese orga- 


grants and kidnap victims 
who the groups contend are 
being held as hostages. 

While Mr. Kim was testi- 
fying before Parliament last 
month, the Japanese Foreign 
Ministry was conducting se- 
cretive negotiations with 
North Korean officials in 
Beijing. In a startling turn- 
about. the North has promised 
to allow an unspecified oum- 


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In China, the Poor’s Dirge ; 

Migrants Seek Work the Locals Look Down On 


By Seth Faison 

Neic York Times Smict 

HAIKOU, China — Over the clatter of 
meal-making in the outdoor food stalls that 
overflow with diners on a hot summer even- 
ing, Shen Ping sings with a lonely voice. 

A long-faced young woman with wide 
eyes. Miss Shen wanders with a friend from 
one stall to the next through a back alley in 
this southern city, offeringto strum her guitar 
for any customer w illing to throw money her 
way. 

Stopping beside a low-lying table piled 
high with dishes and surrounded by six men 
on wooden stools. Miss Shen and her partner 
sing a duet earnestly, if a little off-key. It is a 
sentimental love song, something about being 
far from home and not knowing a date of 
return, which is apt enough for the two wom- 
en, since they are migrants. 

Hundreds of thousands of outsiders look- 
ing for easy money have flocked to this part of 
Hainan Island, touted as China's Hawaii by 
devdopment-hungry local officials. Most of 
them, like Miss Shen and her friend, Lan 
Feng, have to settle for something less. 

Hainan rode a real-estate boom from 1990 
to 1992, only to suffer badly from a crash in 
1993. Thousands of half-built seaside hotels 
and villas lie vacant along the coast 

But people like Miss Shen still pour into 
Hainan because, even with a downturn, this 
nation's coastal areas' offer more opportunity 
than most of the slower-growing interior. 

"Mamlanders do the kind of jobs that 
locals would never want” Hong Y ansheng, a 
food stall manager, said of the migrants; “A 
local resident would never sing for money. 
You lose too much face.” 

In many nations, immigrants often do the 
kind of work that native-born residents look 
down on. In China, migrants from other pans 
of the Country now play -that role, on an 
enormous scale. 

More than 100 million of China's 1.2 bil- 
lion people are estimated to be on the m6ve. 


leaving their villages and towns to look for 
work.^his floating population causing M 
enormous but largely unmeasured social up- 
heaval across China. 

When Miss Shen. 23. left her village |n 
Anhui province four months ago. she came to 
Hainan because a friend told 1 her she could 
easily find a job in a hotel. But Miss Shen 
found that one hotel after another would offer 
work only in a massage parlor, which she. 

declined to do. . , 

Instead, she bought a guitar and teamed up., 
with Miss Lan. They frequent the back-alley. . 
open-air food stalls known as big plate 
stations” for the variety of colorful vege- 
tables, chicken's feet and pig livers laid out, 
for diners to choose from. . ■>, 

“I get tired of the men who pinch mv. rear,? 
end, but I can always walk away,' ' Miss Shen, 1 
said. “It's better than working m a i hotel. . , - 
. Miss Shen said she made about 525 to 5.-o, 
a night or more than 10 times what she made 
working as a store clerk in her hometown. She , 
sends $50 to her parents each month, but will, 
not tell them the truth about how she earns a 
living. 

“They would not understand." Ms. Shen 
said. “They think it's bad for a girl to work on! 
the streer. I tell them I am an attendant in jr 
hotel." , '• 

At another food stall, a diner who was red- 
faced from beer-drinking called Miss Shen^ 
and her partner over ro play. “Where are you 
from, little sisteT?” he asked, raising his glass 
in salute. 

Miss Shen eyed him warily, and did not 
answer the question. Instead she asked If he 
had any requests. . _ . 

“As you like." the man said. “Sing a, 
beautiful one.” _ ... ‘ 

Miss Shen was not finished with the second ; 
bar of another love song when the man waved 
her off. “That's terrible? ” he said IoudJy v 
“Sing another!" Letting her finish this time^i 
the man reluctantly gave Miss Shen the equiv- 
alent of SI. 25. She and Miss Lan headed for, 
the next stall. . 


Mugunghwa, brings to at mending fences with Japan, 
least six the number of grass- Tokyo has refused to send 
roots groups here demanding food aid until it gets answers 
that North Korea democra- about the alleged abductions 
tize, demilitarize, respect hu- of up to 19 Japanese citizens 
man rights and free immi- by North Korean agents. 


But some observers fear 
that a homecoming for the 
elderly Japanese may end up 
being a propaganda boon ro a 
regime that stands accused of 
mistreating — and in some 
cases executing — some of 
the estimated 93,000 Japa- 
nese and Japanese-born 
Koreans who have emigrated 
to North Korea. 

About 1,831 Japanese 
women were among those 
; who departed for what they 
believed would be a “social- 
ist paradise.” Most left be- 
tween 1959 and 1961. with 
the promise that they would 
be able to return for visits 
after three years. Some have 
never been heard from again. 

But over the past decade, a 
Japanese citizens’ group has 
found at least 538 women 
who are still alive. 

Haruhisa Ogawa, a profes- 
sor at Tokyo University and 
founder of another group, the 
Society to Help Returnees to 
North Korea, said the North's 
policy appears to be to allow a 
handful of the women — cer- 
tainly fewer than 20 — to 
visiL 

“They will have to say ex- 
actly what they are told to say, 
so this would not be a free 
visit," he said. "The Japa- 
nese people will not be sat- 
isfied with this.” 

Bur Tokyo officials might 
be. Mr. Ogawa said. “They 
are afraid that if the regime 
collapses, they'll be inund- 
ated with boats of refugees, so 
their basic policy is to find 
ways to support the govern- 
ment." he said. 

Lee Young Hwa, a profes- 
sor at Kansai University and 
an anti -Northern activist, said 
the North had privately lei it be 
known it might be willing to 
return some of the abducted 
Japanese citizens — while 
claiming that it was Japanese 
Red Army teirorisis. not North 
Koreans, who snatched them. 

The Japanese Foreign Min- 
istry has been silent about the 
talks with North Korea and 
has not mentioned the abduc- 
tion issue. Officials from the 
two countries are scheduled 
to meet again in Beijing this 
month for more talks. 


Landslide Survivor Thanks 
Australian Rescue Workers 


CmintnlthrOur SuffFnmDurwim 

THREDBO, Australia — A survivor of the 
landslide that covered two Australian ski 
lodges thanked his rescuers Sunday as the 
exhausted search crews tunneled farther into 
rubble for die 10 people who were still miss- . 
ing. 

Stuart Diver, a ski instructor who was 
pulled from the snow and wreckage Saturday, 
64 hours after the landslide, said he felt over- 
whelmed. 

“I’d just like to thank everyone who was 
involved in my rescue,” he said from his 
hospital bed. 

Mr. Diver's wife, Sally, was among the 19 
other people entombed in a mass of broken 
concrete, twisted metal, dirt and splintered . 
trees when a steep, heavily developed hillside 
at the Thredbo ski village, southwest of 
Sydney, suddenly gave way just before mid- 
night Wednesday. 

Mr. Diver told rescuers that he fought in 
vain to save his wife from drowning inside 
their concrete tomb. As underground water 
filled the cavity, Mr. Diver tried to hold his 
wife's head above water. But she was pinned 
on a mattress beside him by something heavy, 
and a sudden rush of water and mud ripped 
her from Mr. Diver's grip. 

Crews dug 50-foot (1'5-meter) tunnels 
through the rubble near where they found Mr. 
Diver, but detected no more signs of life. 

Work was suspended Sunday morning as 
rescue officials worried about new slides. 
Weather reports said the sunny conditions 
might change to rain, collapsing the tunnels and 
destabilizing the jumble of concrete slabs. 

Rescuers brought in dogs Sunday to help 










Stuart Diver recovering in a hospital 
Sunday after being freed from the rabble. 

look for more survivors. Nine bodies had 
already been discovered. 

The police said die chances of finding an- 
other survivor were slim, but a fire fighter said 
it was likely that other air pockets existed, like 
the one that enabled Mr. Diver to survive. 

* ‘The rescue teams will not give up hope of 
finding other people alive until we have ac- 
counted for every single person trapped in . 
that rubble,” said the police superintendent. 5 
Charlie Sanderson. 

In warmer climates, victims in collapsed 
buildings have survived for more than a week. 

But temperatures at Thredbo have plunged 
below freezing. (Reuters . AP ) 


Presidential Candidate 
In Korea Apologizes 

SEOUL — The presidential candidate of 
South Korea’s governing party. Lee Hoi 
Chang, apologized Sunday amid mounting 
suspicions about his sons' exemption from 
military service, but said they had done 
nothing wrong. 

“1 feel sorry to the nation, our army 
rroops and their parents for causing trou- 
bles over my sons,” Mr. Lee said in a 
televised statement. 

But he denied opposition charges that his 
two sons deliberately lost weight to dodge 
military service, citing medical records 
showing their extreme thinness. 

“My sons did not commit any wrong- 
doings when they were exempted from 
military service.” he said. (AFP) 

Taleban Reports Gains 

HUSSEIN KOT. Afghanistan — A 
Taleban commander said Sunday thar the 
militia's forces had captured territory from 
the opposition. 

“We have captured some hilltops on the 
western side of the valley, “ said the com- 
mander, Maulawi Ghulam Sakhi, referring 
to territory just north of Kabul. “Our po- 
sitions now overlook the opposition on the 
valley floor." 

He spoke during a general stalemate 
between ihe Taleban and file opposition 
alliance north of KabuL (Reuters) 

New Attacks in China. 

BELTING — A wave of attacks on po- 
licemen and their families in China's north- 
west Muslim autonomous region of Xinji- 
ang has been attributed to separatist 
militants, according to a regional official. 

Kesemu Nasser, a police officer in Ying- 
maili, a village in Y inmg district, was killed 
by separatist militants, said Amudun 
Niyaz, president of the regional parliament. 


The child of another policemen in the same 
district was “savagely attacked.” Mr. 
Niyaz rold the Xinjiang Daily newspaper. 

The report did not say when the attacks 
took place. 

Yining is where security forces clashed 
Feb. 5 with Uighurs. the ethnic majority nf 
the region, leaving 10 dead, according to 
official count, but nearly 100 according lo 
the separatists. Twelve persons were ex- 
ecuted for their roles in the fighting, and the 
public trial of three of them in April led to 
further violence. (AFP i 

Oil Spill Near Tokyo 

TOKYO — — About 9,500 gallons of die- 
sel fuel oil spilled from a U.S. aircraft 
carrier moored near Tokyo, but the leakage 
was stopped and clean-up operations are 
underway, a U.S. Navy spokesman said. 

Commander Fred Henney said the spill 
occurred late Friday or early Saturday at rhe 
Yokosuka base when technicians pumped 
the oil out in an attempt to correcr a slight 
list in the ship. 

Yokosuka, about 50 kilometers tabi.ut 
30 miles) southwest of Tokyo, serves 
headquarters for the navy’s 7th Fleet. Mp, 

For the Record 

Hong Kong began mopping up Sunduv 
after being smick by a typhoon, designated 
Victor, which left one dead. 55 injured , n J 
a trail of damage across the island. The 
typhoon was the first to hit Hon° K, .in- 
directly in 14 years. c 

Drought-stricken areas of North Korn, 
receded more ,,han 100 M 

inches) of ram overnight, stare medL 4 
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Dublin Cools Tensions 

■ ; i, /) ,. k y 

w 'm With London on Ulster 

Ahem and Blair Workfor Talks' Success 


By James F. Clarity 

Nt* York Times Scn-iec 

BELFAST — Five weeks after the 
election of a new government led by 
Prime Minister Bertie Ahem. Dublin is 
playing a more important and less con- 
tentious role in the effort to bring peace 
to-Northem Ireland. 

''Until the changeover, following 
Tony Blair's election in May as prime 
minister of Britain, the Irish govem- 
Atnent was often in conflict with London 
land with leaders of the Protestant Un- 
ionist parties, which want this mostly 
Protestant province to remain under 
British control. It was also at odds with 
the political wing of the Irish Repub- 
lican Army, the mostly Roman Catholic 
Sinn Fein/which wants closer links with 
Dublin. 

Now, with a new IRA cease-fire en- 
tering its third week, formal peace talks, 
probably including Sinn Fein, are to 
resume in mid- September. The talks, 
aimed at ending years of sectarian vi- 
olence in Northern Ireland, are co- 
sponsored by the Irish and British gov- 
ernments. 

Mr. Ahem and Mr. Blair are working 
together to ensure that the talks do not 
nog down over the disarming of the IRA 
and Protestant paramilitary groups, long 

y a sticking point. Officials said the two 
men confer regularly by telephone as 
aides work out a format for the talks, 
which may have some delegates facing 
each other across a table, while others 
stay in separate rooms, kept in contact 
• by intermediaries. 

“The U.S. supports the efforts of the 
two governments.” said Kathleen 
Stephens, the American consul general 
in Belfast, who is in contact with all 
sides and confers with the chairman of 


the peace talks, former Senator George 
Mitchell. "We think it’s essential that 
they work together, and we're glad 
they’re doing so.” 

The previous Irish government, led 
by John Bruton, often charged that Mr. 
Blair's predecessor, John Major, made 
important decisions without consulting 
Dublin. Rifts between the governments 
received generous attention in the press, 
and heightened tensions. 

The Bruton government was also 
considered hostile to Sinn Fein and its 
leader, Gerry Adams, and at odds with 
David Trimble, leader of the Ulster Un- 
ionist Party, the largest Protestant group 
in Northern Ireland. 

Mr. Trimble repeatedly referred to 
the former foreign minister of Ireland. 
Dick Spring, as “the most detested man 
in Ireland.” and often refused to ne- 
gotiate with him. 

The new Irish prime minister. Mr. 
Ahem, whose Fianna Fail parry has 
always been considered “green.” or 
favorable to Catholic republicans, de- 
scribed himself during his election cam- 
paign as a defender of Catholic rights in 
the North. 

Such statements annoyed Protestant 
leaders like Mr. Trimble and the Rev- 
erend Ian Paisley, the hard-line leader of 
the Democratic Unionist Parry. But Mr. 
Ahem surprised many a week ago when 
he said he could envision Mr. Trimble as 
prime minister of a new provincial gov- 
ernment in Northern Ireland, after a peace 
settlement is reached. The province is 
now ruled directly from London. 

Mr. Ahem also has invited Mr. 
Trimble to meet with him in Dublin 
before peace talks resume. Mr. Trimble 
has said he will not go until he is sure 
that Ireland will insist on ERA disarm- 
ament during the negotiations. 


INTERNA TIONAL HERALD TRIBUNE, MONDAY, AUGUST 4, 1997 

EUROPE 


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Turkey Says EU Bid 
Is Not a High Priority 

KAYSERL Turkey — The Turkish 
foreign minister said Saturday that full 
membership in the European Union re- 
mained a foreign policy goal for the 
country but it was not a priority. 

“We are trying our hardest to get 
results, but if we don’t, this is not the end 
of the world," Foreign Minister Ismail 
Cem said in this central Anatolian city. 
“The EU is a goal for Turkey, we are 
doing our best to reach this goal. But we 
are not obsessed by this.” 

Instead. Mr. Cem said, Turkey wants 
to concentrate efforts on strengthening 
partnerships with the Turkish -speaking 
countries of Central Asia as well as 
extending the scope of an economic 
group initiated earlier this year to bolster 
cooperation among eight Muslim coun- 
tries. 

Turkey is now an associate member 
of the EU, allowing it to participate in 
some Union programs. It has a long- 
standing application to join the EU. but 
its economic woes and poor human- 
rights record stand in the way. (AP) 

War Crimes Suspect 
Faces French Curb 


RELIEF MISSION — A Soyuz spacecraft and the rocket that will 
take it aloft being set up Sunday in Kazakstan, for a launchmg 
Tuesday to take a two-man crew up to repair the Mir space station. 


PARIS — A French prosecutor next 
week will seek a travel ban on Maurice 
Papon, who is due to go on trial Oct. 6 on 
charges of wartime crimes against hu- 
manity, a lawyer for victims' families 

said. , . . 

Amo Klarsfeld said Saturday that he 
had been informed by justice authorities 
that the Bordeaux prosecutor would re- 
quest that Mr. Papon surrender his pass- 
port and advise authorities of his move- 
ments ahead of the trial opening. 

Mr. Papon, now 86. is accused of 
ordering the deportation of 1,560 Jews 
to Nazi death camps in 1942-44, when 
he served as wartime secretary-general 


of the Bordeaux region under the Vichy 
government 

Mr. Papon's lawyer, Jean-Marc Va- 
raut, said that the prosecutor’s move 
showed that the authorities had pre- 
judged the verdict and that his client 
would not get a fair trial. (Reuters 1 

U.K. Foreign Chief 
Is Leaving His Wife 

LONDON — Foreign Secretary 
Robin Cook has announced he is leaving 
his wife for his office secretaty. Gaynor 
Regan, the tabloid News of the World 
reported in its Sunday edition. 

The paper published Mr. Cook’s con- 
firmation of the split-up with his wife. 
Margaret, along with a sympathetic mes- 
sage from Prime Minister Tony Blair. 

“I can confirm that I am leaving my 
wife. I want to make it clear that the 
responsibility for this is entirely mine. 
Mr. Cook was quoted by the paper as 
saying. (AFP) 

Bulgarians Warned 
Of Tough Reforms 

SOFIA — Prime Minister Ivan 
Rostov warned Sunday that Bulgaria 
faced another tough winter as the gov- 
ernment carried out economic reforms 
: prescribed by the International Mon- 
etary Fund. 

! He said his government would move 
. quicklv with major privatizations and 
s infrastructure projects to attract foreign 
investment and create jobs. 

, “It will be difficult in Bulgaria until 
; next spring,” Mr. Rostov said on na- 

- tional radio. “If we manage. 1 expect 

- afterwards steady revival and real de- 

- velopraent.'’ 

On July 1 . Bulgaria introduced a strict 
f monetary regime known as a currency 
s board, banning the central bank Horn 


UVJOiUt * 

lendin® to the government or commer- 
cial bulks. (Reuters) 


sides and confers with the chairman of ament during the negotiations. I 

moi'Thai I Financial Float Sought for Royal Yacht I Germany Suspends Contacts With Bosnian Envoys 

■ ... _ ^ the am- ^ M !« Sa- aovemment of Bosnia unless it reached 


gl'llt* Wilt; 


The .\sstviated Press 

LONDON — The aging royal yacht 
Britannia, which was to be retired at 
the end of the year, will be rescued if 
the government can find the right fi- 
nancing. an official said Sunday. 

The 43-vear-old oceangoing vessel 
just finished what was supposed to be 
its final foreign cruise, including a 
visit to Hong Kong for the colony's 
handover to China on July 1- 

Peter Mandelson, a government 


minister, said Sunday that the gov- 
ernment intended to S3\ e the 412-toot 
( 123 -meter) yacht and was consid- 
ering a private-money option. 

“1 hope verv much that it will be 
possible to do 'and 1 am quite hope- 
fill," he said on GMTV television. 

The previous Conservative govern- 
ment decided that the yacht, which 
requires a raultimillicm pound rent, 
was too expensive to maintain and 
decided to take it out of service. 


R fitters 

BONN — Germany on Sunday be- 
came the first government to declare a 
suspension of contacts with Bosnia s 
envovs abroad after a recommendation 
made’ bv ihe international community s 
hi ah representative in Bosnia-Herzego- 
vina. Carlos Wesiendorp. 

"As of vesterday, there has been an 
official freezing of contacts.” Foreign 
Minister Klaus Kinkel said in a state- 
ment issued bv the Foreign Ministry. 


Mr Westendorp said Saturday in Sa- 
rajevo that he had recommended to 
Western powers that no ambassador be 
treated as a legitimate representative of 
Bosnia until a law governing ambas- 
sadorial appointments was enacted. 

The factions in Bosnia have not 
settled differences over how ambassad- 
orial posts should be divided among 
Serbs. Croats and Muslims. 

The NATO allies had threatened to 
impose penalties on the joint postwar 


government of Bosnia unless it reached 
agreement on that and two other key 
laws by Friday. . , 

Mr. Westendorp said he had extended, 
the deadline until Monday because pro- 
gress had been made on two of the three 
laws, those governing passports and cit- 
izenship. But the German Foreign Min- 
istry cited only the Friday deadline, 
addins that its patience had run out. 


supporting peace through joint efforts, 
all international efforts are being un- 
dermined," Mr. Kinkel s statement 
said. “The international community 
cannot allow this." 

Mr. Kinkel said Serbian-controlled 
Bosnia was increasingly isolating itsell 
because Radovan Karadzic, the former 
Bosnian Serb leader who has been in- 
dicted on war crimes charges, was still 


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PAGE 6 




INTERNATIONAL HERALD TRIBUNE, MONDAY, AUGUST 4, 1997 


muAiKMMiiRRi 


U S. Sees No Sign of Change From New Iran Leader 


By Thomas W. Lippman 

-- PonSentce 

^££!? INGT 9 N — Mohammed Khatami, 


for terrorism, opposition to peace with Israel The pipeline decision “sends exactly the election of Mr. Khatami," she said, “but 

and assassination of political opponents. wrong message at the wrong time," Senator actions speak louder than words." 

In the absence of concrete evidence that Iran Alfonse D' Amato, Republican of New York. Should it mm out that Mr. Khatami does 
is prepared to respond to those concerns, the and Senator Sam Brownback, Republican of desire a thaw with the United States, the U.S. 




uritK f^Y7 W2 01 ® cooperative relationship 
w«h the United States if he wants one. but so 

3i no s , igns he does, senior Clinton 

■Administration officials say. 

Sim:e Mr. Khatami’s election May 23, 
president Bill Clinton, Secretary of State 
Madeleine Albright and their senior aides 
nave said that they would welcome a break in 
j ‘oofi-standing hostility between Tehran 
30 P Washington, but that it can come about 
only if Iran's behavior changes. 

By campaigning as a moderate on domestic 
social issues, Mr. Khatami won a surprising 
landslide victory over a rival backed by hard- 
line leaders of the religious establishment. 

But so far, U.S. officials said, nothing in Mr. 
Khatami's recoTd. and nothing he stud in his 
campaign or after his victory has indicated he 
is inclined to turn Iran away from what Wash- 
ington sees as an intolerable record of support 


iirr> j i i m i i mb m 




American policy, which calls for the maximum 
international effort to isolate ban and contain 
its ambitions in the Gulf and Central Asia. 

"The choice doesn't lie with us," a senior 
U.S. official said. “The Iranians lmow what 
they have to do." 

There is growing sentiment among aca- 
demic specialists and Middle - East policy ana- 
lysts for a more conciliatory approach. In the 
U.S. Congress and among Jewish groups, 
however, antipathy to Iran runs deep, and any 
unilateral overture from the administration 
would attract strong opposition. 

The disclosure last week that the admin- 
istration had decided not to oppose construc- 
tion across Iran of a pipeline that would cany 
natural gas from Turkmenistan to Turkey 
touched off speculation about such a shift. But 
Mrs. Albright and other officials denied that the 
decision signaled any reaching out to Iran. 


‘‘This sends a message of weakness to Iran, and 
undermines the administration’s arguments” to 
persuade European allies to join the unilateral 
U.S. economic embargo on Iran, they wrote. 

Mr. D’ Amato was the principal sponsor of 
a law imposing sanctions on any foreign com- 
pany that invests $40 million or more over a 
12-month period in the Iranian oil and gas 
industry, the lifeline of the Iranian economy. 

U.S. officials said the proposed pipeline 
was probably not covered by that law because 
Iran would pay for the trans-Iran part of the 
line, but insisted that was a legal analysis, not 
a policy decision. 

"There is no attempt here to change 
policy," Mrs. Albright said during her trip to 
Asia last week. “As the president has said and 
I have said, we are waiting for some actions 
out of the new Iranian government." 

“I think everyone has been intrigued by the 


plicated by the investigation into the Jane 
1996 bombing of a U.S. Air Force housing 
complex in Saadi Arabia, in which 19 Amer- 
icans were killed. 

If investigators find conclusive proof that 
Iran was behind that attack, Mir. Clinton 
would face strong pressure to retaliate — & 
development that analysts said would surely 
truncate any opening to Mr. Khatami. If Iran is 
jndged responsible for the attack, Saudi Ara- 
bia and Israel have urged Mr. Clinton not to 
order a limited military strike against Iran, 
which in their Mew would only invite re- 
taliation against them without Intimidating 
Iran. 

A major strike, such as bombing oil in- 
stallations, also would have negative con- 
sequences, possibly including an increase in 
oil prices. But a failure to strike would provoke 
a political firestorm at home, officials said. 


ISRAEL: New Attacks Feared 


Continued from Page 1 

our part of the bargain un- 
equivocally," the prime min- 
ister said. 

There were reports that 
some of the more right-wing 
members of the Israeli cab- 
inet, including Rafael Eitan, 
the agriculture minister, had 
urged Mr. Netanyahu to rake 
even harsher action by dis- 
patching troops into the cities 
now under Palestinian con- 
trol. 

Mr. Netanyahu has warned 
he would consider such a 

S . but there has been no 
ration that he is preparing 
to take it. 

His government Sunday 
also backed away from a 
threat to jam Palestinian radio 
broadcasts in retaliation for 
last week's attack, a move 
that officials said had proved 
technically and financially 
unfeasible. 

Some 15 suicide bombers 
have killed ai least 1 40 people 
in Israel in the last three and a 
half years, but in contrast to 
nearly all of the previous at- 
tackers. the two men who 
blew themselves up in a 


crowded produce market last 
Wednesday have still not 
been identified, adding to die 
mystery surrounding the 
tragedjy. 

Several of the previous sui- 
cide bombers have recorded 
videotapes in advance of their 
attacks to boast of their plans 
to martyrdom. 

Photographs of die dead 
men have been broadcast on 
Israeli television and pub- 
lished in the country's news- 
papers. But the Israeli author- 
ities say that no one has 
stepped forward to identify 
them, and some officials sug- 
gested Sunday that they have 
begun to wonder whether the 
attackers may have traveled to 
Israel from another Arab coun- 
try to carry out the attack. 

Even though Israeli forces 
arrested 37 more Palestinians 
overnight Saturday, bringing 
to 117 the number of those 
taken into custody in connec- 
tion with the attack, the police 
said that none of the arrests 
have been much more than 
trolling expeditions. 

“in my opinion, we still 
don’t have a lead," said Mr. 
Efetz, the police chief. 





Jua BcUaniW/Rrn1ef» 


Prime Minister Benjamin Netanyahu, right, at cabinet talks Sunday with Foreign Minister David Levy. 


B R I E F L 


88 Slain in Algerian Villages 

ALGIERS — In attacks bearing thehalbnarksof 

witnesses and hospital sources said. i wer *- 

In Sidi el Madani, near the Bbda region, 38 people were 
killed overnight Thursday, witnesses said. \ 

At the same time, 48 others — including 1 1 duMnuf 
and two pregnant women — were tolled m ‘ ® - 
t in the village of Matraata, 150 kilometers (80 miles). 

S °I? a°s^arSe^ck in the same region, ^ the 

two youngwomen were found with their throats shl after 

being kidnapped, a human rights worker said. (AH 

Secrets Inquiry Targets Patten i 

LONDON — British authorities are investigating al- ( 
legations that Chris Patten, Hong Kong s last goyeroor, 
disclosed secret documents, the government said Sunday. 

“That will be done in a proper, objective and au- 
thoritative way." said Peter Mandelson, a minister with- 
out portfolio. Confirmation of the offici^mquiiycame 

after a Sunday Times report that Foreign Office officials 
were pressing for Mr. Patten to be prosecuted under 
Britain’s Official Secrets Act- ... , . 

Mr. Patten is alleged to have leaked to Jonathan^ 
Dimbleby, a writer and broadcaster, derails of a secret 
d eal with Htina over Hong Kong's future. { Reuters ) 

Isle Rebels Seek French Rule 

MUTSAMUDU, Comoros Separatists on the Co- 
rn orian island of Anjouan seeking a return to French rule 
iW-iarwd independence from the Comoros federation 
Sunday at a rally in Mutsamudu, the main town. * 

A crowd of 7 ,000 separatists marched to the abandoned 
governor’s palace and hoisted the flags of France and the ; 
sultans who ruled Anjouan before independence. 

The separatists want a stains similar to that of Mayotte, ■ 1 
the fourth island in tiie Comoros chain, which as a French' 
overseas territory enjoys the benefits of free education, 
health care, a minimum wage and family allowances; 
because of revenues from Paris. Mayotte voted to stay 
with France in the 1974 referendum while Anjouan," 
MoheEL and the main island in the archipelago, Grande - 
Comoro, chose independence. 

The islands lie between Madagascar and the African . 
mainland. ■ ■ (AFP)-f 

For the Record l 

Charles Taylor, a former warlord, was sworn in as 
Liberia's president Saturday, a position be sought for ^ 
seven years on the battlefield and achieved two weeks ago - 
when be won 75 percent of the vote in die country’s first * 
postwar election. (AP) - 

Mexican election authorities have confirmed ihat die 
ruling party candidate had won the governor’s race in " 
Campeche state, rejecting opposition parties' claims of !, 
fraud. Antonio Gonzalez Cun of the Institutional Rev- - 
olutionaiy Party was declared die winner of the July 6 1, 
vote. (Rearm) • 


16 in Arafat’s Cabinet ARABS: Caught in a Time Warp, a Culture Cut Off From the Forces Shaping the Post-Cold War World 

^ ^ , _ T T^« Continued from Page 1 main high. Basic services such as especially among the young. the Arab countries that have made The failures of that strategy have 

Wpf f/\ f In if* I TlfifVf* §4 iwp telephone and electricity are still Unemployment afflicts even the the most progress in terms of eco- long been apparent- President Aik 

k/vl I" Y'Uil KJ X LX C/ out on the bonanza of “globaliz- unreliable in many countries. wealthy monarchies of the Gulf, be- comic reform — Jordan, Tunisia war Sadat began to open the country 


Reusers 

RAMALLAH, West Bank, — Almost all of President 
Yasser Arafat’s 1 8 ministers have offered to step down after 
allegations by legislators of corruption and mismanagement 

Agriculture Minister Abdel Jawad Saleh said that he and all 
but two colleagues had made die offer at a cabinet meeting in 
Ramallah on Friday. 

"Sixteen ministers submitted their resignation," he said. 

It was not clear whether Mr. Arafat would accept the 
resignations. His office, in a brief statement said that "some 
ministers submitted their resignations and asked President 
Arafat to consider these resignations at a suitable time." 

Mr. Arafat indicated previously that he was prepared to 
reshuffle his cabinet and he is eager to shore up his popularity 
amid the Israeli security dampdown on the self- mle areas. 

But Transportation Minister All Qawasmeh said he doubted 
Mr. .Arafat would act now. “No resignation at this rime," said 
Mr. Qawasmeh, one of the ministers under attack from leg- 
islators. “We must be united in front of the Israeli measures*' 

The Palestinian legislature called Thursday on Mr. Arafat to 
dissolve the cabinet within a month and appoint a new team of 
“qualified and experienced ministers.” The nonbinding mo- 
tion was approved, 56 to 1, following a committee report on 
instances of alleged corruption and squandering of funds. 


DOLLAR: Why It Can't Lose 


Continued From Page 1 

the central bank than the 
speed at which it moves. 

With only some 20 percent 
of German imports billed in 
dollars, the risk to domestic 
inflation from a depreciating 
mark is viewed as minuscule. 
The real worry is the very- 
high amount of Deutsche 
mark-denominated public 
debt in the hands of foreigners 
— 47 percent of tradable se- 
curities outstanding. That fig- 
ure is exaggerated because a 
large but undefined amount is 
registered in Luxembourg but 
really belongs to tax-avoiding 
Germans. Nevertheless, a 
loss of confidence in the cur- 
rency could expose Germany 
to a financial crisis. 

The fundamental problem 
for the Bundesbank is that it is 
not evident what leverage it 
has over the exchange rate. 
The most obvious solution is 
to raise German interest rates. 
It hinted at such a possibility 
before starting its monthlong 
Aueust vacation by announ- 
cing that its key money-mar- 
ket operations would be con- 
ducted at a fixed 3 percent 
rate for only half the month — 
leaving open the possibility 
that subsequently it would re- 
sort to a flexible rate deter- 
mined by supply and demand 
conditions which it can con- 
trol. . , 

But there are two problems. 
The German economy, which 
js just beginning to revive, 
cannot afford a rate increase 
and neither can France, which 
would be obliged to follow or 
risk a currency crisis. 

it is also not evident that a 
rate nse would turn ihe 
Deutsche mark around. Ana- 


lysts at German and U.S. 
banks are scratching their 
heads over where the down- 
ward pressure on the mark is 
coming from because, they 
say. there are no huge inter- 
bank positions “shotting*’ 
the mark — sales of borrowed 
marks betting on a depreci- 
ation. 

Interbank short positions 
3re considered significant be- 
cause they are purely oppor- 
tunistic bets taken not out of 
conviction but rather on the 
likely prospect of making a 
fast ’profit. As a result, in- 
terbank positions are viewed 
as weak and easily scared out 
of the market at the hint of a 
policy change that could turn 
profits to losses. Without 
such large positions, analysts 
question how a token increase 
in German interest rates could 
generate a bandwagon rush 
into the mark that would have 
any lasting impact on the ex- 
change rale. 

This leaves the possibility 
of intervention, but the 
Bundesbank has always de- 
rided central bank sales of 
currency as ineffective when 
trying to change the direction 
of movement in the absence 
of accompanying policy 
changes. 

Analysts concur, saying it 
would simply be a buying op- 
portunity. “The market is not 
aggressively overweight" in 
the dollar, one analyst said. 
“There are lots of players 
who doubted the dollar could 
move so fast, who would like 
nothing more than for the 
Bundesbank to sell the dollar 
to drive it lower — giving 
those who missed the boat an 
opportunity to climb on board 
at a cheaper rate.” 


Continued from Page 1 

out on the bonanza of “globaliz- 
ation. ’ ’ the worldwide integration of 
market-oriented economies that is 
generating unprecedented — if un- 
evenly distributed — wealth from 
Asia to Latin America to the 
formerly communist countries of 
Eastern Europe. 

In die political realm, too. the 
Arab world has lagged behind other 
developing regions, where democ- 
racy has often followed economic 
reform. With their monarchs, mil- 
itary strongmen and backward, 
state-owned industries, the Arab 
countries seem caught in a time 
warp, cut off from the forces of 
democracy and free markets that are 
shaping much of the post-Cold War 
world. 

In Egypt and a handful of other 
Arab countries, authoritarian lead- 
ers have belatedly woken up to the 
need to participate in globalization, 
and have created programs to make 
their economies more hospitable to 
private investment 

A few have even begun to re- 
spond, albeit grudgingly, to growing 
public pressure for accountable, 
representative government 

But as in the political realm eco- 
nomic progress has been evolution- 
ary at best, inhibited by Kafkaesque 
bureaucracy and the corruption that 
goes with it. 

Privatization of state-owned in- 
dustries is moving at a glacial pace. 
Trade barriers, though falling, re- 


main high. Basic services such as 
telephone and electricity are still 
unreliable in many countries. 

■ Arab countries, of course, have 
no monopoly on whar Westerners 
see as inefficiency. But the need for 
reform is especially pressing in the 
Middle East and North Africa. From 
Morocco in the west to Yemen at the 
southern tip of the Arabian Pen- 
insula. the strategic region is 
burdened with some of the fastest- 
growing populations and slowest- 
growing economies. 

From 1981 to 1990, personal in- 
comes fell by more than 2 percent a 
year (excluding Israel), the largest 
decline of any developing region, 
according to the World Bank, and 
incomes have grown only slightly. 
Unemployment rates are among the 
world’s highest 

The brightest spot on the regional 
economic map is Israel, which has 
partially overcome a legacy of stat- 
ist development policies to become 
a hub of foreign investment and high 
technology. With 5.5 million 
people, about 15 percent of them 
Arabs, Israel has an economy almost 
as large as that of its four Arab 
neighbors — Egypt, Syria. Jordan 
and Lebanon — which have a com- 
bined population of 88 million. 

From the mud-brick slums of 
Cairo to the grim high-rise suburbs 
south of Beirut to the narrow alleys 
of the Casbah in old Algiers, the 
failure of secular Arab governments 
to create jobs has translated into 
widespread cynicism and despair. 


especially among the young. 

Unemployment afflicts even the 
wealthy monarchies of die Gulf, be- 
set in recent years by lower oil prices 
and rapid population growth. 

Such dismal economic perfor- 
mance has ondennined the legit- 
imacy of many Arab leaders and 
played into the hands of Islamic 
extremists. Their resurgence over 
the last two decades remains the 
gravest threat to regional political 
stability and to Western interests in 
protecting oil supplies and Israel. 

Why did Arab countries get off to 
such a late start? In some respects, 
the answer has to do with, the com- 
fortable economic circumstances 
they enjoyed in the 1970s and 
1980s. High oil prices churned huge 
sums of money around the region. 
Some countries profited from their 
strategic importance in the Cold 
War, as in the case of Syria, which 
the Soviet Union bankrolled for 
standing up to Israel and the West 

As a consequence, Arab leaders 
had little incentive to reform tbeir 
economies and make the region at- 
tractive to foreign investment. Now 
they are paying the price. In 1995, 
for example, total direct foreign in- 
vestment in the Middle East and 
North Africa was $4 billion, com- 
pared with $65 billion in South and 
Southeast Asia, $27 billion in Latin 
America and $12 billion in Central 
and Eastern Europe, according to 
data from the United Nations. 

As the World Bank’s report 
noted, it is probably no accident that 


the Arab countries that have made 
the most progress in terms of eco- 
nomic reform — Jordan, Tunisia 
and Morocco - 1 — have few- natural 
resources. Largely through trade 
liberalization and other reform mea- 
sures undertaken in the 1980s, all 
"have experienced faster growth in 
incomes, exports and jobs than have 
other countries in the region," the 
bank said. 

Bat more typically, authoritarian 
Arab leaders have regarded reform 
measures with skepticism, fearing a 
loss of political control Several 
years ago. for example. President 
Hafez Assad of Syria authorized tax 
breaks for foreign investors. But he 
has balked at reopening the Dam- 
ascus stock exchange, closed since 
1963, or allowing private banking. 

Egypt offers an ideal case study 
of the challenges facing Arab coun- 
tries as they seek to join the global 
economy. The largest Arab country, 
with 65 million people, Egypt ur- 
gently needs to create jobs for its 
fast-growing population. First, 
however, it must jettison the same 
historical baggage — massive state- 
owned industries, bloated and cor- 
rupt bureaucracy, burdensome and 
arbitrary regulations — that has in- 
hibited growth in the region. 

As elsewhere in the Arab world, 
die military officers who overthrew 
the Egyptian monarchy in 1952 fol- 
lowed a socialist development mod- 
el nationalizing private companies 
and pouring resources into massive 
steel factories and cement plants. 


The failures of that strategy have 
long been apparent- President An- 
war Sadat began to open the country 
to foreign investment and trade a 
few years before his assassination 
by Islamic extremists in 1981. 

But the effort did not begin in 
earnest until 1991, when President 
Hosni Mubarak agreed to an am- 
bitious reform program under the 
auspices of the World Bank and the 
International Monetary Fund. 

By statistical measures, initial re- 
sults are impressive. Inflation is. 
down to 6.2 percent, the budget def- 
icit has shrunk to less than 1 percent 
of gross domestic product and cash 
reserves have swelled to $20 billion 
from $4 billion — among the 
highest in the developing world, ac- 
cording to Arvind Subramanian, the 
IMF’s representative in Cairo. 

Standard & Poor's recently rec- 
ognized Egypt's progress with an 
investment-grade bond raring. 

“There is this Egyptian dream," 
said Sherif Nasr, vice president for, 
marketing at McDonald's Egyptian 
franchise, which has opened 18 res- 
taurants since 1 9 95 and plans to add 
to that number, two a month. 

With a per capita income of about 
$1,000 — the equivalent of $3,800, 
adjusted for purchasing power, 
roughly on a par with Peru — Egypt 
is still a poor country. Egypt needs 
to generate about 600,000 new jobs 
a year over the next decade. 

Tomorrow; The struggle with pol- 
itics. 


TIGERS: Turmoil Bares Cracks in Southeast Asian Economies KENYA: A Woman President? 


Continued from Page 1 

lending money with abandon for multi- 
billion-dollar projects no one needed? 

And what about the conspiracy the- 
ories of Prime Minister Mahathir bin 
Mohamad of Malaysia, who charges that 
speculators like George Soros used their 
market prowess to undermine Southeast 
Asia's currencies? His complaint that 
Malaysia's decades of hard work were 
unraveled by mysterious foreign forces in 
“a period of weeks’* prompted the U.S. 
secretary of slate, Madeleine Albright, in 
Kuala Lumpur last week for an annual 
meeting of the region’s leaders, to ri- 
dicule the whole notion publicly. 

“There is a search on for scapegoats," 
said Clyde Prestowitz. a trade expert who 
served on a U.S. presidential commission 
appointed last year to come up with a new 
strategy for dealing with the region. 

“They were used to being the world’s 
economic hothouse," he said, “and it's a 
bit of a shock when an Arctic breeze 
flows through the door.” 

For all of Mr. Mahathir’s complaining, 
his country is likely to post better than 8 
percent growth this year and next — 
while the quite healthy U .S. economy, by 
comparison, has managed a little more 
than 3 percent this year. 

But there arc some cracks in Southeast 
Asia's economic infrastructure. Thail- 
and, for example, launched its own satel- 
lites. published five-year plans, built car 
plants faster than it built highways and 
became the darling of mutual fund man- 
agers around the world. Most of its 


megaprojects were financed with foreign 
money, much of it Japanese, a river of 
cash so wide and so deep that it covered 
up economic strains. What was missing 
was discipline on the part of the country's 
politicians and financial managers. 
Prestige or under-the-table money gov- 
erned decisions to invest in major proj- 
ects. many of which added little to the 
nation’s competitive power. 

Banks lent money on the assumption 
that land would only grow scarcer — 
offering rationales about why they were 
not headed down the path of the Japanese, 
who made the same flawed assumption in 
the late 1980s and early ’90s, when the 
land under the Imperial Palace in Tokyo 
was said to be worth more than the state 
of Florida. When investors don’t blink at 
such comparisons, something is wrong. 

In Thailand, they blinked. Speculators 
realized Thailand’s policy of linking its 
currency to the dollar and the yen was 
unsustainable unless the country could 
improve productivity, lower wages and 
rein in the banks and the corruption. They 
started selling Thai baht, and the gov- 
ernment spent billions uying to fend off 
the attacks. Eventually the dam broke. 
The Thais dismissed their central bankers 
and. in desperation, turned to the IMF. 
which has been given new authority — 
and a special fund — to solve such prob- 
lems since Mexico's similar crisis in 
1994. Like the Mexicans, they are being 
made an offer they can't refuse: They 
must cut their deficits, stop borrowing, 
clean up the banks and reveal to the world 
what the country’s finances really look 


like. So did the speculators cause this 
problem, or just exacerbate it? 

“In almost every case,” said die 
deputy secretary of the U.S. Treasury, 
Lawrence Summers, who designed the 
Mexican bailout, * ‘major financial dis- 
turbances almost always have deeper 
causes than a few speculators. And it’s 
important to remember that you can’t 
attack ’speculation’ without also un- 
dermining the flow of capital that can 
finance productive investment.’’ 

In fact, neither the Thais nor Mr. 
Mahathir were complaining about the 
cruelties of global capital markets when 
investors were pouring $60 billion to 
$70 billion a year into East Asia. 

One reason Southeast Asian exports 
have slowed is that the Chinese are 
getting better at producing the same 
products at far lower costs. 

“It’s the same phenomenon we saw 
in Korea,” the former Sou* Korean 
foreign minister, Han Sung Joo. said in 
Washington last week. South Korea 
benefited greatly from a flood of in- 
vestmenl in the 1980s. But a run-up in 
wages eventually sent investors fleeing 
to Southeast Asia. Now the process is 
speeding up. Before the Thais had a 
chance to folly exploit the benefits of 
being a tiger, the investment money is 
beginning to hit the road. 

The problem in Southeast Asia,” 
said Mr. Han, “is that there is still a big 
gulf between the rich in the cities and 
the poor. The money went into the 
fancy hotels before it went into the 
factories." 


Continued from Page 1 

declared her intentions, when 
she was attacked by thugs 
with machetes after speaking 
at a rally in her borne district. 
The government denies that 
its agents orchestrated the at- 
tack, bat Mrs. Ngilu, who was 
wounded, charges that the as- 
sailants were from the youth 
wing of the governing party, 
the Kenya African National 
Union. 

“These are government 
people," she said. “Because 
after dial I received a threat- 
ening telephone call. The man 
said, ‘So, you are still running 
for this after what happened 
on Saturday?’ " 

Mis. Ngilu, 45, said her 
father, a strong-willed min- 
ister in the Ebenezer Gospel 
Church, taught her to stand up 
for her beliefs. She grew up 
without the finer things in life, 
the ninth of 1 3 children in her 
family. But school in those 
days before independence in 
1963 was free. She received a 
good education, became a 
secretary and then got a job at 
the Central Bank. 

In her 20s, she married Mi- 
chael Ngilu, an electrical en- 
gineer in Nairobi. He paid for 
her to go to college, where she 
studied business administra- 


tion. After graduation, she 
started a bakery and a plumb- 
ing-supply company, both of 
which became successful. 
Along the way, she raised 
three children. 

As she prospered, how- 
ever, Mrs. Ngilu became dis- 
turbed by living conditions in 
her home district, Kind. - 
which the small Akamba tnbe ' 
calls home. She became in- 
volved in community projects ' 
to improve tilings. 

She raised money to build 
wells and water-supply sys- ' 
terns, so women would no* 
have to carry water for ki|._. 

meters to their homes. She a Iso 

helped to build health clinics 
because she was shocked that ■ 

people were dying of treatable ■ 

diseases while politicians were 
spending large sums on ila- 
trappings of power. 

, if was this outrage at the - 
indignities of poverty that led ’ 

hertoagreetorun for office in 

1992, she says, and the same 
anger is motivating her 
present race. 

"I had jo carry water on mv 
back, and my daughter will 
have to do the Mm e." shl . 
said. "The poverty goes in a 
vtcrous cycle. I K, 
with authority and say rh a t i 
know that should not* happen 

today in our country." 






<71 iV « 1 

iferalaiafcenbune. 

INTERNATIONAL HERALD TRIBUNE, MONDAY, AUGUST 4, 1997 

INTERNATIONAL 


William Burroughs, Beatnik Founder and Writer, Dies 


By Tony Perry 

k'J Angeles Times Service 

William Burroughs, 33, 
whose ragged experimatal 
prose made him a semin allg- 
we of ihe Beat Genenion 
literary movement in the 
1 950s and later a guru t* the 
hippie and punk rock rnve- 

raents. died Sakurda* in 
Lawrence, Kansai. abat 24 
hours after he had a hen at- 
tack. 

Although he was in tiling 
health. Mr. Burrougb re- 
cently performed in avideo 
with the rock find 12 and 
read from his work ro nusical 
settings by the rap grop Dis- 
: y posable Heroes of hphop- 

f risy. I 

He had also Teen working 
on a new ediriin ofhis se- 
lected works. I 


With Allen Ginsberg and 
Jack Kerouac, Mr. Burroughs 
helped found the Beat Gen- 
eration and to focus its writ- 


Mr. Burroughs kept moving 
from country to country, 
scandal to scandal — the 
three kept in constant contact 


mgs on frank descriptions of throughout their lives. 


drug addiction, sexual excess 
and petty criminality. 

The three shared an apart- 
ment in New York in 1945, 
with Mr. Burroughs, the eld- 
est of the three, acting the role 
of literary inspiration and 
guide to the city’s lowlife 
haunts. 

•‘Burroughs had conduc- 
ted lay analytical sessions 
with his junior partners and 
had introduced them to the 
esoteric in literature and the 
exotic in street life.” wrote 
Oliver Harris, in the intro- 
duction to his collection of 
Mr. Burroughs's letters. 

Although the three never 
again lived in proximity — 


and psychedelic images. 

Much of the book is written 
in a stream-of-consciousness 
style, and the prose is meant to 
repel, even nauseate, the read- 
er with descriptions of bodily 


Mr. Ginsberg was blunt in er with descriptions of bodily 
assessing Mr. Burroughs's functions, sex acts and grot- 
impact on his writing. esque medical procedures. 

"He. showed me the Its reception was mixed at 
world,” he said not long be- first although it is now con- 
fore his receni death. sidered a classic. 

Mr. Burroughs was bom in Norman Mailer has praised 
Sr. Louis, the grandson and “Naked Lunch” as a daring 


namesake of the inventor of assault on conformity and the 
the adding machine, and gmwing dehumanization of 


graduated from Harvard in 
1936. 

But he turned his back on a 
life of privilege and respect- 
ability to sample drugs and to 
indulge in largely self-de- 
structive behavior. 

His best known work. 
“‘Naked Lunch.” published 
in 1959. is a torrent of sexual 


America. Others found it to 
be gibberish masquerading as 
social commentary. 


contributed to an emotional 
turmoil for which constant 
movement seemed to bring 
only temporary relief. He 
lived in Texas. New Orleans. 
Mexico City. South America, 
Morocco, Paris and London. 

Ir was in Mexico City that 
he was involved in an incident 
that became the core of the 
Burroughs myth as the pro- 
totypical hard-drinking, fire- 
arm-loving writer always liv- 
ing on the edge of madness 
and murder. 

After a day of drinking and 
drugs, he accidentally shot 
and killed Joan Vollmer, his 


The book was the object of second wife. 


a landmark obscenity trial be- 
fore it was published in the 
United States in 1962. 

Mr. Burroughs's heroin ad- 
diction, irascible personality 
and latent homosexuality 


Fela Pioneer of ‘Afrobeat,’ Dies at 58 


Our Aj f Fn+i Puptnehn 

LAGOS — : ela knikulapo-Kuti. 58, 
one of Africa ; be* known pop music 
stars and a pt listen critic of Nigeria's 
military regir i, did Saturday. • 

The singer deah was announced by 
his brother, fOIifoye Ransome-Kuti, 
who said a nivs onference, “The im- 
mediate caosj of ne death of Fela was 
heart failure.fcut here were many com- 
plications aring rom the acquired im- 
muno-deficitficy yndrome.” 

Known tcpis bgions of fans by his 
first name, Ha wis one of the dominant 
superstars omri.an music in the 1970s 
and 1980s. fe ws nicknamed the Black 


President, and was a pioneer in fusing 
rock with African rhythms into a blend 
known as “Affobeat.” 

He also was known for his songs 
criticizing the military junta of General 
Sani Abacha. as well as earlier military' 
regimes in West Africa's most populous 
nation. 

A saxophone player who admired the 
great jazz player Charlie Parker. Fela 
was bom in 1938 in Abeokuta. about 80 


Returning to Nigeria, he became a big 
star by the early 1970s. His top albums 
included “Zombie ’ * and “Suffering and 
Smiling.” He became enmeshed in a 
long-running confrontation with the mil- 
itary authorities. 

His house was set afire in 1977, he 
served numerous stints in prison and in 
March 1996 his home was attacked by 
gunmen. 

His most recent arrest was April 9. He 


kilometers (50 miles) north of Lagos. He- and about 100 members ofhis entourage 


started out as a jazz musician, but shifted 
toward pop and reggae while sn/dyinu’ 
music at Trinity College of Music in 
Oxford, England, from 1959 to 1962. 


— including several of his 27 wives — 
were detained for marijuana use by po- 
lice drug agents who raided his nightclub 
north of Lagos. (AP. Reuters l 


The circumstances of the 
killing were never fully in- 
vestigated. and Mr. Bur- 
roughs fled Mexico City 
rather than stand trial. 

One story had it that he bad 
been re-enacting the William 
Tell tale when he tried to 
shoot a glass off Ms. 
Vollmer’s head and instead 
drilled her in the forehead. 

Her death and the death in 
1981 of their son. Bill Jr., of 
cirrhosis of the liver due to 
drinking and drug use, were 
said to have contributed to 
Mr. Burroughs’s sometimes 
unstable mental condition in 
latter decades. 

“The death of Joan 
brought me in contact with 
the invader, the Ugly Spirit.” 
he once said, “and maneu- 
vered me into a lifelong 
struggle in which I had had no 
choice except ro write my 
way out.” 

in some oi his books he 


M Q 




THE INTERMARKET 


PAGE 7 


used a jumbled style called 
cut-ups, with quotations and 
anecdotes seemingly pieced 
together randomly. 

This technique was used 
more prominently in “The 
Soft Machine” (1961.1, "The 
Ticket That Exploded” 
(1962) and “Nova Express” 
(1964.) 

His life sometimes seemed 
similarly jumbled. In his 
“With William Burroughs: A 
Report From the Bunker,” 
Victor Bockris found that Mr. 
Burroughs, during his stay in 
New York City in the 1970s, 
lived an odd lifestyle akin to 
that of Elvis Presley: fearful 
of leaving his home and sur- 
rounded by young men ca- 
tering to his whims. 

When he ventured out. he 
was always armed with tear 
gas. according to the book. 

In 1981 he moved ro 
Lawrence, at the suggestion of 
James Brauerholz, who be- 
came his secretary and en- 
couraged him to do readings in 
the United States and Europe. 

With the resurgence of the 
Beat Generation writers in the 
1980s, Mr. Burroughs be- 
came popular with a new gen- 
eration. 

Musicians such as David 
Bowie. Lou Reed and Patti 
Smith cited him as an im- 
portant influence. Mr. Bur- 
roughs also hung out with the 
Rolling Stones. 

After he moved to Kansas, 
he wrote screenplays, ap- 
peared in movies (including 
“Twister”) and wrote the 
text of a comic opera. 



William Burroughs reading some ofhis work in 1990. 


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PAGE 8 


MONDAY, AUGUST 4,1997 


EDITORIALS/OPINION 


Mil. 


Jtcralb 


CVTERJVATIONAjL 



PUBLISHED WITH THE \t.» YORK TIMES UND THE WASHINGTON POST 


Clean Up This System 


CnbuHC ^4u Urgent U»S •"Russian Plutonium Agenda 

THE WASHINGTON POST © CuroU *8 ««l 


The exploits of indefatigable Clin- 
| too bag man Charlie Trie produced the 
> hit of the week at last week's Senate 
; Governmental Affairs Committee 
’ hearings on campaign finance. 

Mr. Trie in early 1996 temporarily 
shifted his attention from the pres- 
ident’s re-election campaign to his le- 
; gal defense fund. He showed up once 
with a brown envelope containing 
$460,000 in $1,000 contributions, 
some on sequentially numbered money 
orders made out in different names but 
the wnie hand writing. Fund officials, 
who say they had never heard of Mr. 
Trie, were trying to figure out what to 
do about that when, lo, he showed up a 
second time a month later. This time he 
was carrying a shopping bag. Michael 
Cardozo, executive director of the de- 
fense fund, remembers being less than 
oveajoyed. ‘ ‘I said to myself, ‘ My God, 
he’s got a million dollars this time,’ ” 
Mir. Cardozo testified. 

Mr. Trie has left the country — he is 
in China — and has declined thus far to 
testify before the committee. But the 
hearings, now adjourned until Septem- 
ber, provided a pretty good outune if 
not a full picture of his operation. 
Clearly one of the services he per- 
formed was to launder illegal but early 
sought-after contributions from abroad. 
The hearings offered these glimpses: 

• Mr. Cardozo testified that at one 
point he met at the White House with 
Hiliaty Clinton and deputy chief of 
staff and de facto campaign director 
Harold Ickes. He told them about the 
suspect contributions from Mr. Trie. 
Mrs. Clinton, he said, told him in turn 
that the fund should vet all contri- 
butions carefully. But apparently noth- 
ing was done, then or later, to vet the 
large amounts of money that Mr. Trie 
was simultaneously funneling through 
the Democratic National Committee 
to the campaign. 

• An FBI agent testified that in the 
period 1994 to 1996 Mr. Trie received 
more than $900,000 in wire transfers 
from an Asian businessman, Ng Lap 
Seng. Mr. Ng. who is based in Macao, 
is said to be a sometime business part- 
ner of Mr. Trie's. There appeared to be 
a correlation between the wire trans- 
fers and transfers of money by Mr. Trie 
in turn to the DNC. 

• Only after the hearings with regard 
to Mr. Ng were over did the White 
House disclose, in response to a long- 
standing committee inquiry, that Mr. 


Ng had visited the White House 12 
times during the relevant period. Most 
of the visits, the White House said, 
were social calls on former White 
House aide Mark Middleton, an 
Arkansan who now has business deal- 
ings in Asia. Three others were de- 
scribed as White House tours, and once 
Mr. Ng attended a dinner for ca mp a ig n 


contributors as Mr. Trie’s guest The 
committee felt used by the White 
House, in that the news of the visits 
came only after die hearings had ended. 
Democratic senators joined Republi- 
cans in voting unanimously on Friday 
to compel production of documents on 
time, by subpoena, in the future. 

• Mr. Trie’s role as a conduit far 
campaign contributions seems to have 
been well known. An agricultural co- 
operative in Thailand wired him 
$ 1 00,000 a couple of weeks before two 
of its executives were to meet the pres- 
ident at a White House coffee. Atleast 
half the money was convened to cash 
shortly afterward; what happened to it 
next is unclear. The coffee was ar- 
ranged by DNC fund-raiser John 
Huang and a businesswoman, Paul- 
ine Kanchanalak, who was the co-op’s 
U. S. representative and herself a major 
Clinton campaign contributor. Some if 
not all of her contributions have been 
returned by the DNC because of ques- 
tions about their source. 

Before Congress left town last 
week, the principal Senate sponsors of 
a campaign finance reform mil warned 
that if the Republican leadership con- 
tinued to refuse Co give the bill floor 
time, they would start in September to 
tie up the Senate and force consid- 
eration by offering it as an ame ndment 
to other legislation. The president, 
whose own abuses of the cam paign 
finance law are pan of the rationale for 
the legislation, joined them in the call 
Once again he converts his own record 
of misconduct into an agenda. 

It is time, past time, that Congress 
began to clean up this system that has 
been so cynically exploited by all, and in 
particular by this White House. The ease 
with which money flows now into cam- 
paigns — the ways in which candidates 
have come to simp up every bit they can, 
from whatever source, no questions 
asked and obvious implications ignored 
— needs no additional documentation. 
The Trie hearings are a vivid example, 
but only the latest in a long string. 

— THE WASHINGTON POST. 


More Swiss Fumbling 


Recent disclosures by Swiss banks 
suggest that their evasive handling of 
wartime Jewish accounts has not 
ended If anything, the banks have 
again proved themselves incapable of 
determining whether they looted de- 
posits .made by Jews who were later 
killed in the Holocaust That makes it 
all the more important that the in- 
dependent investigation now promised 
proceed without delay. 

The clearest sign of continued 
bungling by the banks was foe pub- 
lication last month of a list of some 
2,000 dormant World War Q-era ac- 
counts opened by non-Swiss depositors. 
While it was heartening to see foe Swiss 
Bankers Association finall y disclosing 
foe identity of some account holders and 
establishing a procedure to settle 
claims, foe list was almost certainly 
incomplete. Only last fall foe banks 
asserted that there were fewer than 800 
such accounts. The actual number is 
likely much higher than 2,000. 

A check quickly showed that along 
with Jewish account holders who might 
have died in foe Holocaust foe list 
included an assortment of other Euro- 
peans, some associated with foe Nazis, 
it turned out font many relatives of 
deceased Jewish depositors could have 
easily been located by foe h anks years 
ago, including Madeleine Kim in, foe 
U.S. ambassador to Switzerland. Her 
mother, Renee May, was on the list 

That embarrassment was followed 
last week by word that bank records 
shredded earlier this year involved the 
sale of Jewish property in Berlin in the 
Nazi period. The shredding by the Un- 
ion Bank of Switzerland was stopped 
by a security guard who feared that 
records of Holocaust victims might be 
destroyed. His vigilant act has been 
rewarded in Switzerland with a threat 
of prosecution for stealing bank doc- 
uments. The guard, Christoph Meili, 
now lives in foe United States, where 
Congress and President Bill Clinton 
have appropriately granted him per- 
manent residency. 

With the banks still in a state of 


denial about their history, it is crucial 
that an unfettered inquiry be conducted 
by foe international commission that 
was established to look for dormant 
Jewish accounts. Paul Volcker. the 
former Federal Reserve Board chair- 
man who heads the inquiry, worries 
that scheduled audits of bank records 
could be complicated by a class-action 
suit filed in Brooklyn on behalf of Jews 
who claim that Swiss banks are hold- 
ing the assets of Holocaust victims. 
The discovery phase of the litigation, if 
concurrent .with the audits, could make 
the bankers reluctant to cooperate with 
Mr. Volcker. The suit is justified but 
should await completion of foe com- 
mission's work. 

Since many of foe Jews with a direct 
interest in these matters are elderly, foe 
Volcker commission ought to act as 
quickly as possible. At this point, foe 
commission offers foe best hope of de- 
termining what happened to foe assets 
of Jews who mistakenly placed their 
money and their trust in Swiss banks as 
the Nazi terror engulfed Europe. 

— THE NEW YORK TIMES. 

Other Comment 

The Arah Political Impasse 

Arab politics are characterized by a 
struggle between the Islamists and sec- 
ular, democratic-minded modernists. 
Between them are foe regimes, making 
concessions now to one, now’ to the 
other side in order to maintain at least a 
semblance of legitimacy. At times that 
balancing act borders on absurdity, as in 
Algeria, where foe constitution pro- 
claims Islam to be foe state religion, 
while at the same time forbidding 
parties to be based on Islam. Given that 
the Koran remains a comprehensive 
frame of reference for foe Arabs, lib- 
eral-democratic ideas will not make 
much headway in the Arab world until 
those who advocate a critical interpre- 
tation of it are no longer persecuted. 

— Neue Ziircher Zeitung (Zurich I. 


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W ASHINGTON — The U.S- De- 
partment of Energy is designing 
a program that could help eliminat e the 
most serious nuclear threat since the 
end of foe Cold War: foe vast quantities 
Of Surplus plutonium acc umulating as 
Russia and the United States dismantle 
thousands of nuclear weapons. 

A committee of foe National Acad- 
emy of Sciences rightly described foe 
existence of this material os “a clear 
and present danger to national and in- 
ternational security.'* As long as foe 
plutonium r emains in storage in its cur- 
rent form, the risk of theft or reassembly 
into weapons is unacceptably high. 

To reduce this danger, foe depart- 
ment must not just manage and dispose 
of the U.S. plutonium safely; it must 
present a model that Russia will follow. 
The U.S. program must be prompt, pre- 
dictable, careful to avoid unnecessary 
controversy or delay, and focused 
tightly on foe goal of national security. 

The material is currently stored as 
plutonium “pits” — in the United 
States, largely at the Pantex- facility 
near Amarillo, Texas. 

Earlier this year the Energy Depart- 
ment announced a sound framework for 
plutonium disposition. Most of foe sep- 
arated plutonium will be converted into 


By Glenn T. Seaborg 

an oxidized powder form and mixed 
with Low-enriched uranium oxide. The 
mixed oxide (“MOX") will be 
“burned*' as fuel in nuclear power 
plants. This is foe approach foe Russians 
will use — but only if we do foe same. 

This is a highly effective process for 
disabling plutonium. Part of foe 
plutonium is destroyed. The remainder 
will be as safe from diversion or misuse 
as foe spent fuel that now comes from 
nuclear plants. Like conventional spent 
fuel, foe used MOX fuel will ultimately 
be shipped to a disposal facility op- 
erated by foe Energy Department. 

The other surplus U.S. weapons 
plutonium — residues and other ma- 
terial .thar cannot be readily trans- 
formed into quality oxide — will be 
imm obilized m a glass or ceramic ma- 
terial and mixed with radioactive fis- 
sion products, and also will be de- 
posited in a disposal facility. 

It is extremely .important that the 
United States pursue both these paths. 
Russia is committed to using its 
plutonium as fuel in nuclear power 
plants. But Russian leaders have made 
clear that they are not willing to destroy 


their plutonium in reactors unless the 
United States does foe same. 

If America simply immobilizes its 
plutonium in glass or ceramic, foe Rus- 
sians believe that it could retrieve 
plutonium and return to the mass pro- 
duction of nuclear weapons much 
faster than they could. If America does 
not “bum*' much of its plutonium in 
reactors, neither will they. 

As a result, their vast quantities of 
weapons plutonium will simply be 
stored as weapons-usable material — 
representing a constant, massive threat 
to mternational security. 

I was a co-discoverer of plutonium 
in 1941 at Berkeley. I have always felt 
a parental pride in its potential for good 
— its ability to provide foe world a 
dean energy source virtually forever. 
But I am fully aware of the great threat 
that it can pose, in the wrong hands. 

For that reason, I believe that foe 
Energy D^artment must avoid any 
unnecessary complications that could 
delay or jeopardize the weapons plu- 
tonium disposition program. 

The United States must: 

• Set an example by minimizing 
shipments where possible and by ship- 
ping foe plutonium only in forms that 
are difficult to use for terrorist pur- 


noses. Curtaing foe need to ship < 
plutonium foSugh U.S. communities 
will limit foe pportunity for comro- 
versv and dela . 

• Avoid an appearance ot a con- < 
nection between weapons plutonium ; 
disposition am foe reuse ot civilian 
olutoniura in nt Iear plants. If this pro- 
gram is perceied as a step toward 
nuclear fuel reading, it would meet • 
with a long, dankging national debate. . 
Facilities to flpeess the weapons ■ 
plutonium shoul not be located near J 

existing facilitieshat could be used for • 
nuclear fuel reprtessiog. ! 

• Maintain tn focus on national . 
security and keens ide issues from be- ; 
coining major distactfcns. The issue is 
not whether foe ke o: plutonium as • 

nuclear fuel is eatombaL or whether . 
foe MOX option iiless sxpensive than • 
immo bilization. Tie god is to reduce a ; 


coming major disi 
□ot whether foe 
nuclear fuel is eci 


great threat by 3J 

S lutonium — and 
ossia to do foe sa 

The writer, who 
Nobel Prize in cht 
man of the US. An 
mission from 1961 
tributed this conm 
ington Post. 


;ly disposing of 
idng the way for 


■eceved the 1951 
mot, was chair - 
micEnergy Com- 
ic D71- He con- 
[nf o The Wash- 


Expect Asia’s Values to Turn Out Much Like Everyon i Else’s 


H ONG KONG — Tung 
Chee-hwa, the Beijing-ap- 


By Garry Rod an 


Kong,. has cast serious doubt on 
whether foe civil society estab- 
lished under British rule will 
survive the handover to China. 

Embracing foe concept of 
‘ ‘Asian values ' ' to justify polit- 
ical convergence with foe main- 
land, he asserts that Chinese 
have a preference for consulta- 
tion over confrontation. 

But what about the 50,000 
people who gathered in Hong 
Kong’s Victoria Park in June to 
honor victims of the T iananm en 
Square suppression eight years 
earlier, when Chinese troops 
were used to crush students and 
others demonstrating for more 
accountability and less corrup- 
tion in government? That epis- 
ode was one of the most con- 
frontational acts by a regime in 
modem history. And was the 
1949 Co mmunis t revolution in 
China really the culmination of 
extended consultation? 

Mr. Tung’s position echoes 
foe line of various authoritarian 
leaders in East Asia. But what 
about foe political processes 
and structures that give sub- 
stance to these claims of “con- 
sensus politics”? To foe extent 
that they exist at all, they are 
recent and selective adapta- 
tions, rather than long-standing 
cultural legacies. Moreover, 
they do not begin to embrace the 


diversity of social interests and 
opinion necessary to achieve 
any meaningful consensus. 

However historically invalid 
foe “Asian values” thesis may 
be, it will continue to be in- 
voked. For authoritarian gov- 
ernments, foe attraction is ob- 
vious; political opponents can 
be dismissed or attacked as 
dupes of “Western liberal- 
ism,” an alien creed. 

First justified as a temporary 
economic imperative, rigid po- 


Citisens are trying 
to establish a 
genuine right to 
consultation and 
participation. 


lineal control needed a new ra- 
tionale when rapid economic 
growth in most countries of East 
Asia occurred year after year. 

Some foreign governments 
and commercial Interests, keen 
to boost their trade and invest- 
ment in foe region, also find 
“Asian values” appealing. 
Thorny human and labor rights 
issues can be explained away in 
terms of cultural differences be- 
tween “East” and “West” 


The notion of cultural ho- 
mogeneity promotes the mis- 
taken idea of a singular East 
Asian alternative to liberal de- 
mocracy. Meanwhile, social 
and economic transformations 
in foe region are producing 
changes in foe diverse interest 
groups within Asian societies. 

The result is new forms of 

much of it outside^e* 1 tight 
circle of established party pol- 
itics, which will have a signif- 
icant bearing on political di- 
rections in foe region. 

Authoritarian rule may sur- 
vive these challenges, but only 
through political accommoda- 
tion with the new social forces. 
The first steps toward consulta- 
tion by authoritarian regimes are 
in response to these dynamics. 

la contrast with radical stu- 
dent movements and peasant in- 
surgencies of foe 19/0s, which 
often operated outside consti- 
tutional processes, the agendas 
of most of today's dissidents in 
East Asia have narrowed to re- 
formist goals. They thus stand a 
better chance of becoming an 
institutionalized feature of 
political systems in foe region. 

Pressures on authoritarian 
rule are coating from foe busi- 
ness, professional and middle 
classes spawned by economic 
development and rising levels 


of education. They are seeking 
a stronger place for foe rule of 
law, transparency in govern- 
ment and curbs on corruption. 

Pressure for reform Is also 
coming from organizations rep- 
resenting Labor, women, envir- 
onmentalists, religious move- 
ments and activists for social 
justice and human rights. Op- 
position political parties are 
only part of a growing move to 
extend avenues for contesting 
the exercise of state power. 

Although all these social 
forces are agitating for foe right 
to influence public policy, the 
attraction of liberal democracy 
varies greatly among them. 

Some forces are amenable to 
state co-option through elitist 
and hierarchical arrangements 
that give them privileged access 
to political and bureaucratic de- 
cision-makers. This is the mod- 
el that Mr. Tung is promoting 
for Hong Kong. And there are 
other examples in East Asia 
where authoritarian rule is being 
reconciled with sustained 
growth of foe market economy. 

The most successful case of 
state co-option of new social 
forces is Singapore, where foe 
Societies Act passed by Par- 
liament legally limits foe chan- 
nels for political expression. As 
an alternative, foe Singapore 
government has introduced 
nominated members of Parlia- 
ment, parliamentary commit- 


An American Story of Sick Cities That Recover 


N EW YORK — There was a 
time, not long ago, when the 
Bronx would set itself on fire at 
night Darkness would fall and 
entire sections of foe borough 
seemed to go up in flames. 

A national audience once 
watched this phenomenon on 
television, when foe Yankees 
were in the World Series. Off in 
the distance, beyond foe lights 
of the stadium, foe flames from 
several fires could be seen lick- 
ing at the sky. Howard Cosell 
provided the commentary. 

The fires combined with a 
hideous array of less spectac- 
ular problems to reduce vast 
acres of the Bronx to ruins. In 
1990, even as jokesters were 
quipping foal there was nothing 


By Bob Herbert 


left to bum, a fire at the Happy 
Land Social Club in the East 
Tremont section killed an as- 
tonishing 87 people. 

To most observers, the Bronx 
was a twisted and ghastly place, 
the quintessential example of 
what was wrong with America ’ s 
cities. Novelists, moviemakers, 
journalists and national politi- 
cians in search of urban des- 
olation headed for the Bronx. 

That was then. If you care to 
hop a northbound subway now 
you will find a great deal of 
evidence that devastated inner- 
city neighborhoods can be re- 
born. It is a slow and compli- 
cated process that doesn’t read- 


It’s Nice Work for Some 


By E. J. Dionne Jr. 

M ENLO PARK, California 
— They are everywhere 
in foe Silicon Valley: “business 
centers'* and “office parks” 
with rows of low glass and 
cinder block buildings housing 
companies whose names in- 
clude jaunty X’s (Mylex, Plex- 
tor, CMX) or proudly declare 
expertise in “systems” of one 
sort or another. 

Inside, foe work of foe new 


The Valley Is the pilgrimage 
site of our time as the place 
where the future is happening. It 
is where you learn what is behind 
foe current economic upturn, and 
meet the people creating and tak- 
ing advantage of it. 

Mr. Strand says the wave of 
start-ups reflects the desire of 
talented people to get out from 
tinder the thumb of “foe bu- 
reaucratic, large companies.” 
In the big companies, be 
says, “they weren t fulfilled, 
they weren’t self-actualized. 


capitalism is being done, usually they weren ’r happy. ' ’ 
in T-shirts or golfing attire. The The entrepreneurial spirit of 
mostly young men and women the Valley is infectious because 


are proud to have broken with 
the old business culture. 

There is huge risk-taking go- 
ing on here, partly, says Tan 
Morrison, because foe risks 
don’t seem so huge. The sys- 
tems analysts, engineers and as- 
sorted other wonk entrepre- 
neurs know they can contain 
their losses. What saves them, 
explains Mr. Morrison, an au- 
thor (“The Second Curve”) 
and consultant, “is not a safety 
net, it’s a safety network.” 

If you fall, you assume that 
the network of fellow geniuses 
and s tan-up whizzes will ab- 
sorb you. Or you can always go 
back to one of those big compa- 
nies, say, Hewlett-Packard or 
InteL “Nine times our of 10, 
you land on your feet again,” 
says Jim Strand of Institutional 
Venture Partners, which fi- 
nances start-ups. 


it entails both adventure and 
invention. The Valley slogan 
might be: Every American an 
entrepreneur. 

By foe end of my tour, I start- 
ed thinking of this column as “a 
nice little start-up” providing 
"users” (you the readers) with 
a “tool kit” for, say. dissecting 
contemporary problems. 

But I was brought back to 
earth crossing the line into East 
Palo Alto, a town, Mr. Morrison 
noted, with higher unemploy- 
ment rates than the rest of the 
Valley and a large minority 
population. The question re- 
mains: How will more Amer- 
icans be incorporated into the 
benefits of this bold new capi- 
talism and its “self-actualiz- 
ing” possibilities? 

It is not a question that Wash- 
ington is doing much about. 

Washington Post Writers Group. 


ily lend itself to a novel or a 
screenplay, but it is happening. 

A few days ago I spoke with a 
longtime resident named Sharon 
Jacobs. We stood in the air-con- 
ditioned ballway of a renovated 
apartment building two blocks 
from foe site of foe Happy Land 
fire. The hallway was well lit 
and smelled of fresh paint. 

“This building was always 
dark and the drug dealers lived 
right there,” she said, pointing 
down the haLL “It - was like 
people from the street just came 
in and took over, like it was their 
building. Squatters, drug deal- 
ers. It was very dangerous. You 
can see how it’s changed” 

The building is one of several 
blighred residential and com- 
mercial structures that have 
been transformed by the non- 
profit Aquinas Housing Corpo- 
ration, one of the many par- 
ticipants in the heroic fight to 
reverse the decline of neigh- 
borhoods across foe Bronx. 

Similar efforts are under way 
in cities around America, and 
many are very successful. But 
they don’t get a lot of attention. 
Newspaper editors and televi- 
sion producers develop nervous 
tics and extended fits of yawn- 
ing when reporters try to ex- 
plain the importance of CDCs 
(community development cor- 
porations, of which Aquinas is 
one), supportive housing, cre- 
ative mortgage financing and 
low-income tax credits. Careers 
have been derailed at the mere 
mention of foe word “urban." 

So you won’t hear much 
about a group like Aquinas re- 
claiming a neighborhood with 
fresh housing, services for the 
homeless and the elderly, re- 
creation programs for children, 
and employment training for 
able-bodied adults. And yet its 
work, and that of thousands of 
similarly unheralded groups, is 
one of the key reasons for the 
improving health of cities. 

Aquinas is one of about 700 
nonprofit neighborhood groups 
supported by foe Enterprise 
Foundation, which was set up in 
1982 to help local organizations 
create affordable housing. 

The sustaining idea of the 
foundation is that foe availab- 
ility. of decent housing is es- 
sential if low- income people are 
to become self-sufficient. It is 


very hard to do great things if 
your mailing address is a 
broken-down park bench. 

What has been happening 
around foe countiy is that 
CDCs, some affiliated with En- 
terprise and some not, are using 
the cornerstone of affordable 
housing as a way of reclaiming 
one blighted neighborhood 
after another. 

These are for foe most part 
well-planned and financially 
rigorous ventures that use foe 
expertise of public and private 
organizations. The Enterprise 
Foundation alone has raised 
more than S2 billion in low- 
interest loans, grants and equity 
investments for such projects. 

"It is important to show that 
these successes can occur, and 
that they can be replicared,” 
said William Frey, director of 
Enteiprise’s New York office. 
He says attirudes toward neigh- 
borhoods change as the housing 
improves, home ownership ex- 
pands, crime and other prob- 
lems diminish, and new stores 
and churches begin to be built 

That is what is happening 
now. Eventually, even televi- 
sion will notice. 

7111* New York Times. 


tees of inqu y, hink tanks and 
“feed-back mchanisms that 
are intended o to both elite and iV 
“grassroots option. - " 
Singapore » gveming party, 
which has ion every general 
election sina I9d has also in- 
corporated e iplcyrs and un- 
ions into core lltatre structures. 

Such strucures reate chan- 
nels for se ected elements, 
chiefly from the tofessional 
and business! clas st, to con- 
tribute to pub] c poly. But it is 
technical exp rtise 1 assist in 
refining govenmentnlicy, not 
the rights of rissidd citizens 
to representac in, thi is being 
tolerated. In fa t, civuociety is 
not expanding in Jngapore. 
Rather, the aTeady pnsider- 
able political rjach ofoe state 
is being extendbd. 1 * 

Attempts to kimilan curtail 
independent pc ideal Waniza^ 
tion have had li ss suc<hs else,- J| 
where in East A: ia. In Itonesia, 
significant pod sts of Ich ac- 
tivity have surf iced, iiolving 
coalitions of lal or andttudent 
movements and rrassro^ non- 
governmental offianizatns. 

In contrast ujth theipoun- 
terparts in Singapore, clients 
of Indonesia's urban jiddle 
class are also fo ming p^tical 
ties with less privileged sftors, 
albeit on an insecure basi 
In Thailand, tie Philinnes, 
Taiwan and Sojth Kora in- 
dependent political and cial 
organizations hve flouihed 
lately. In Soutl Korea, un- 
dreds of nongoismment; or- 
ganizations have emerged ice 
the late 1980s to ; Jvance a tide 
variety of causes 1 

The sharp sep: ation of fese 
movements fron establi|ed 
political parties L a strikingea'- 
ture of contemp rary polital 
development u East Aa, 
which contrasts v ith foe patim 
in many establis: sd liberal 
mocracies in the Vest j 
The political systems pf 
Asian countries t at are rapily 
industrializing a J urbamzig 
are taking differe t shape frqn 
those in foe Wes which wdt 
through these tr isfonnaticte 
earlier and Jess qt :kly. The cjl- 
narrncs involve , howevd. 
have more to do vlth politic! 
contest than wii a culturi 
aversion to confn ltation. I 
Indeed, much < ' foe struggjj 
concerns attempt! >v citizens t< 
establish a genuin right to con 
su ltation and palicipation ir 
foe political proems that affects 
their lives and (iv|g standards. 

The writer, a v (ring profes- g 
sor in ihe Depat uent of Pol- 
itics and Interna mal Studies 
at the University i Harwich, in 
Coventry, Eng/an is editor of 
the hook “ Politic Opposition 
in Industriaiisi/i , Asia." He 
contributed this cyimcnt to the 
International He ffd Tribune: 


sts of ch sl- 
iced, iiolving 
or and indent 


|th theikoun- 
pore, efaents 
urban jiddle 


: Fhilidnes, 
h Kora in- 
si and cial 
e flouihed 
Korea, im- 
minent: ori- 
merged hce 
Ivance a tide 

ation of fese 
establi^ed 
i striking ta- 


t shape frqn 
which wdt 
isformatiojs 
rfdy.Thecf 
, howevi 


foe struggil 


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1897; New Tariff Law 

NEW YORK — The first 
French steamer arrived in port 
since the new tariff law went 
into operation. Although indig- 
nant men and women protested, 
the officials speedily fined each 
person who brought more cloth- 
ing than the law allows to enter 
duty free. A woman almost in 
tears, who had dresses heaped 
around her trunks, told foe in- 
spectors that foe dresses had 
been worn a long time. The in- 
spector quietly turned up foe 
hems of foe skirts, scrutinized 
them closely and remarked, 
“They don't appear much worn: 
you have got to pay the duty." 

1922; -Lower Heels’ 

LONDON — American girls 
who have been passing the sum- 
mer in England have brought 
about a demand for lower heels 
— not absolutely low, but lower. 
Shopkeepers cannot understand 


this demand whefyhe ihore-or- 
less short skirt sects to indicate 
the most chic fooyearibut the 
answer is easy enagh to find. It 
is that foe Amdcan Woman 
walks. She may b&be oyner of 
a car, or a haif-d^en cars, but 
she wants to walion Fiih Av- 
enue and foe adjininsTtreets 
“to see foe styles] 

1947; South Slav met 

BELGRADE — -‘An c ficia! 
communique reldsed a; Bul- 
garian Premier jCeora Di- 
mitrov prepared to reitn to 
Sofia announced le cone ision 
of far-reaching ai-eemer s for 
mutual assistanciind co >per- 
ation between [ulgaria and 
i ugoslavia, induing pniara- 
non of a custors union ab- 
olmon of visas, o-ordir ttion 
of foreign polici and tl r re- 
Igoslavi of 
S- 5,000,000 won of repara- 
tions due her ffon 3ukar} un- 
der the peace trea . ^ I 


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i 


LANGUAGE 


INTERNATIONAL HERALD TRIBUNE, MONDAY, AUGUST 4, 1997 


PAGE 9 


Follow the Money: Who Said It First? 


By William Safire 

Vy-ASHINGTON — "Follow the 
▼ T money Always follow the 
money That resounding phrase 

SL 0 “w ?“ ato » of French 
‘ la i emme ■ h as become the 

inv* T ,d ci ^ a generation of reporters 
investigating corruption in high places 
has echoes, of course, in the pureuit of 
me Asian connection to Clinton cam- 
paign finance; the title of thePBS series 

*? " FoUow the Monev -’ 
and CNN calls its coverage of the Sen- 

aiC \S? ar ?® s Money Trail.” 

Who fust said Follow the money" ? 
Everybody knows the answer; '“Deep 
inraat the anonymous source 
quoted by Bob Woodward and Carl 
Bernstein in their book “All the Pres- 
ident s Men.” Those three words from 
a mysterious administration official 
whose identity is unknown even today 
impelled the young journalists to 
money laundered in Mexico and ul- 
timately to payments to burglars and a 
Nixon White House slush fund. 

But wait: Thanks to Daniel Schorr, 
the National Public Radio commen- 
tator whose investigative credibility 
includes the credential of a place on the 
notorious ‘‘Enemies List, we now 
have a new and disconcerting tafcp on 
the origin of the famous phrase. 

Schorr searched for the phrase in the 
journalists' book. It wasn’t there. Nor 
was it in any of the Watergate reporting 
in the Washington Post. Follow the 
money first appeared in the movie * ‘All 
the President’s Men,” spoken by Hal 
Holbrook playing Deep Throat. 


The screenplay was written bv Wii- 
ham Goldman. When Schorr 'called 
him, the famed screenwriter at first 
insisted that the line came from the 
book; when proved mistaken about 
that, he said: “I can't believe I made it 
up. I was in constant contact with 
Woodward while writing the screen- 
play. I guess he made it up.” 

Schorr then called Woodward, who 
could not find the phrase in his ex- 
haustive notes of Watergate inter- 
views. The reporter told Schorr he 

Bob Woodward couldn’t 
find the phrase in his 
exhaustive notes of 
Watergate interviews. 


At the hearings led by Senator Fred 
i political f 
the noun proffer Keeps coming up. Sen- 


Thorapson into political funny money, 


conld no longer rely on his memory as 
to whether Deep Throat had said the 
line and was inclined to believe chat 
Goldman had invented it. ‘‘Whoever 
said that inspired line.'' Schore told 
Los Angeles Times readers, “which 
has entered the political and journa- 
listic lexicon, it was an invention.” 

If the line was indeed a fiction, as it 
seems to be, what does that portend for 
its nonfictional source? Schorr only 
poses the question, bur the irony is this: 
When recently asked on “Meet the 
Press” what the lasting legacy of Wa- 
tergate was after a quarter-century, 
Ben Bradlee of the Washington Post 
(brilliantly portrayed in the movie by 
Jason Robards) relied with the words 
of William Goldman: "Follow the 
money." 


ator John Glenn, referring to die pos- 
sibility of gelling the fund-raiser John 
Huang to appear, said, ‘‘I would think 
all this superbright legal talent we have 
represented on this committee can fig- 
ure out a way to do it. to get a proffer for 
us to consider.” 

The word was bom in romance. In 
the 14th century, an anonymous parish 
priest wrote in “Cursor Mundi of a 
lady who “ pcrferd him hir rautb to 
kiss.” Its Latin root melds pro, “for, in 
front of, with offerre, “to offer. ” 

Now it’s a legal term. ‘‘A proffer Ls 
an offer into evidence,” said Bryan A. 
Gamer, editor of Black’s Law Dic- 
tionary, “and only such an offer. Law- 
yers wouldn't use the term as a verb 
merely to mean ‘to offer a deal’ in 
exchange for immunity. When giving a 
proffer, the petitioner must have 
something to give; that is. to offer into 
evidence.” 

Is there a difference between offer 
and proffer? Used as verbs, they have 
the same meaning; as nouns, especially 
in legal terminology, proffer has a nar- 
rower me aning . Bethany Dumas, ed- 
itor of “Language in the Judicial Pro- 
cess,” explained that it can mean “I 
will summarize for you what I will 
testify to under oath if you grant me 
immunity.” As Senator Thompson put 
it: “You don’t buy a pig in a poke. You 
don’t give anybody immunity unless 
you know their testimony will be help- 
fuL” (The dialect noun poke, akin to 
the French poche, means “bag.”) 

Nr* York Times Sen-ice 


INTERNATIONAL 


BOOKS 


THE SUPERLATIVE MAN 

-By Herbert Thomas. 248 pages. S22. 
Farrar Straits Giroux. 

^Reviewed by Jonathan Yardley 

I N the tradition of . . is the hot 
marketing trick in book publishing: A 
first novel by an unknown writer, or a 
seventh novel by a practiced novelist 
’who has yet to find a readership, may be 
promoted as “In the tradition of Kurt 
Vonnegui” or “In the tradition of Bar- 
bara Pym.” Piggybacking is the word 
for it. So now we have “The Superlative 
Man,” a first novel by a Washington 
lawyer that is, according to his pub- 
lisher, “In the spirit of Raymond 
Chandler and Dashiell Hammett.” 

■ 1 Authors shouldn't be held to account 
for their publishers' little games, but to 
invoke the names of Chandler and Ham- 
mett on behalf of this slender effort does 
ft no good. “The Superlative Man” has 
its /amiable aspects, and Herbert 
Thomas may yet become an accom- 
plished novelist, but it’s cruel and un- 
^nsual punishment to invite such a com- 
parison . Tbbnlas has a quirky imag- 
ination and an agreeable sense of hu- 
mor, but “The Superlative Man” is to 
“Farewell, My Lovely" or “The Thin 
JVfan” what rookie league baseball is to 
the big leagues. 

^ It is set in an unnamed city during 
what appears to be the 1930s, which 
may have inspired the Chandler-Ham- 
inett comparison. Its central character 
'is a 30-year-old newspaper writer, Har- 
vey Gander. who is stuck in features but 
Jongs to be in hard news. The big story 
in town is the heroics of the Superlative 
Man, a caped superhero in whom die 
$itizenry sees “the realization of an 
American dream, in which fear and 


danger and death had an antidote, good 
was more knowing than evil, ana ac- 
cidents almost but never quite 
happened because lives were saved, 
victims healed, mothers and children 
reunited.” 

The trouble is that the Superlative 
Man's rescues come ar a price. Har- 
vey's parents are both killed in an auto 
accident; it is caused when his father is 
distracted by Superlative Man dashing 
in front of his car en route to another 
deliverance. 

Then a newspaper reporter whom 
Harvey admires is found dead, and 
Harvey is asked to cany on the stoiy he 
had begun to dig out, one involving a 
possible if unclear connection between 
drug overdoses in a seedy pan of town 
and further Snperlative" Man adven- 
tures. 

It’s a familiar device: A reporter 
becomes pan of the story he is assigned 
to cover. Harvey becomes over- 
whelmed by it. addled to the poini that 
“everything I say comes our’ wrong.” 
and, worse, he cannot always distin- 
guish between reality and what he fears 
is hallucination. He is m utter con- 
fusion: 

“The more he pressed on. the further 
some pan of him seemed to drift back- 
ward. All around questions lay un- 
answered, as the murders and messages 
crowded in. He felt as if he were on a 
train, accelerating into empty spaces. 
Herds of buffalo thundered along beside 
his car, but slowed as the train sped 
faster. For a magical moment ffiey 
seemed to hover, banging in a balance, 
suspended. When something shifted 
and, slipping away, they galloped back- 
ward into the darkness.” 

The story' gets incredibly complicated 
and elusive. Women move in and out of 


Harvey’s life, some of them noir car- 
toons, others of uncertain sincerity and 
loyalty. The most important of these is 
Patty, the secretary in Harvey's news- 
paper's feature section, whom Thomas 
describes as follows: “Party . . . could 
warm your blood if you watched her lick 
too many envelopes. A brunette with an 
eye for clothes and a shape to hang them 
on, she had bright hazel eyes that seemed 
to see into you and somehow made you 
look all the harder back at her. ” 

That’s nice, more Hammett than 
Chandler, as well as more subtle send up 
then mere imitation. In passages such as 
this Thomas obviously is having fun, 
playing in the fields of the masters while 
twisting die forms they devised into 
unexpected new shapes. 

P ART 1930s noir suspense novel, 
pan 1990s fantasy, “The Superlat- 
ive Man” is original aDd amusing. But it 
doesn’t hold together very well. Pan of 
the problem is stylistic inconsistency; at 
times, as in the passage about Party, it's 
an affectionate satire, while ai others it’s 
a straightforward narrative, with the re- 
sult that the reader isn’t always sure 
what Thomas is trying to do. It also 
contains, for a relatively brief novel, a 
large cast of characters, some of whom 
— the Snperlative Man most inexpli- 
cably — vanish from the narrative for 
long stretches. 

These shoncomings are explained 
by inexperience rather than by lack of 
ability. Herbert Thomas can write and 
has an antic turn of mind. Sooner or 
later he’s likely to write a good book. 
Let’s hope it’s “in the spirit of' Her- 
bert Thomas. 


Jonathon Yardley is on the staff ofThe 
Washington Post. 


BRIDGE 


By Alan Truscott. 

\ POWERFUL Florida 
squad captured the 
irand National Team title at 
ie American Contract 
ridge Leagued Summer 
tauonals in Albuquerque, 
few Mexico. * 

Silence was golden on the 
iagramed deal, which a c- 
sunted for most of the Flor- 
!a team’s winning margin, 
he North-South hands surfer 
■om duplication of distribu- 
oh, and a slam contract is 
iferior although few would 
roid it. Success hinges on 
hetber or not the diagramed 


suit is worth two tricks. At 
first sight, this seems easy be- 
cause East has die ace and 
queen, but the pesky eight 
gives South a choice. Without 
any clue, he can play East for 
queen-ten rather than ace- 
queen. 

In the diagramed bidding. 
South’s three-club bid was 
Puppet Stayman, asking for a 
five-card major suit- Three 
diamonds denied that, and 
four diamonds was an arti- 
ficial slam tty implying pos- 
session of both major suits. 
South sealed for six hearts, 
and received the lead of the 
club jack. With no clue. South 
mis guessed. After drawing 


trumps. South led to the dia- 
mond eight, and the slam 
failed. Meckstrotti, as East, 
had r na ^n t ' ainp d a discreet si- 
lence in die bidding. If he had 
doubled the artificial four- 
diamond bid, the slam would 
have succeeded. 

In the replay, the same con- 
tract was reached after a 
lengthy auction that included 
an artificial five-diamond bid 
by North. East could not resist 
doubling to suggest a dia- 
mond lead, ana thus gave 
Levin, as South, the viral clue 
to the diamond situation. The 
slam succeeded, and the Flor- 
ida team gained 17 imps, the 
biggest swing of the match. 


NORTH 
*Q954 
9 K 10 5 4 
« 984 
* KQ 


WEST 
*763 
9962 
*10 7 3 
* J 10 9 8 


EAST 
*82 
973 
* AQ52 
*76X43 


SOUTH CD) 

* A K J 10 
9 A Q J 8 
C KJ 8 

* A 2 

North and Son* were vulnerable. 


The bidding: 


East 

South 

West 

North 

2 * 

Pass 

2 -' 

Pass 

2 N.T. 

Pass 

3* 

Pass 

3 0 

Pass 

4 $ ' 

Pass 

89 

Pass 

Pass 

Pass 

West led the club jack. 



CROSSWORD 


ACROSS 

4 eandefiha*'s 


sp as 


landing 


s« September 
bloom 

28 Mo me/- mar 
can’! be footed 
32 Much of 
kindergarten 
35 Sports venue 
ss Woeful word 

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x-x-x 

38 Spotless 
42 No longer 

working- Abbr 
4 a Pans of bytes 

44 “Frasier" 

character 

45 Weaken 

48 Ulcer cause, m 

popular belief 
«s Emergency 
room supply 


“ Solution to Puzzle of NagaStl 



ssneSShm 



ao Cosmonauts’ 
space station 
s« Taut 

se Certain boxing 
blow 

62 Send, as 
payment 
ea Seldom seen 
84 Mitch Miner's 
instrument 
as 'Goodnight - girl 
of song 

98 The dark side 
«7 SON steeping 
sa Copier powder 
88A.F.C. dwisfon 

down 

i Worker with en 
aoron 

a New Jersey e.iy 
south of 
Pa ramus 

g Army Outfit 

4 VHS alternative 

5 Chianti container 

■ Skyward 

7 Mongolian 
desert 

aCameictiady 
» Spur 

loTrr.telfingyou 

^ehudil' 

11 Lab eggs 

12 Craps acbcn 

« Treasure of the 
Siena Madra 
rt See-through 
wrap 

22 Minstrel's song 


25 Y. A. of the 
Giants 

28 Novelist Zola 
and others 

27 Alcove 
asMother-ot- 

p saris 

28 Longtime 
-What's My 
line" panelist 

so Wobble 
si Spanish article 

32 Batter's portion 

33 Statutes 

34 Baseball bat 
wood 

38 “ was in the 

beginning ■ ■ 

39 Lawyers’ erg. 

40 Prefix with 
venous 

41 Madam's mate 
48 Like a wagon 

trail 

47 George 
Marshall s skua 
mater, briefly 

48 Nun 

so Down East 

52 Stick -tc- 
itiveress 

53 Submarine 

sandwich 

54 Feds 

53 Attracted 

56 Strong thumbs- 
up re«ew 

57 “Mite 18” novelist 


n 

S— 

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So 






Vib-r Hand in ibr FnnUnntT IDppinrin- Zi-nunf 

President Roman Herzog ordering Germans out of their paradise and into globalization in the next millennium# 

GERMANY: A No-Name Crisis Shakes the Country and Its Faith 



Pinii>rO«9Q*y8- p— 

&Ne%c York Tunes/Edited by Will Short. 


sa Liquefy, as ice 
cream 

58 Mai! na— — 

«o Decline 
at Antagonist 


Continued from Page 1 

the party spectrum are com- 
mitted to the social market 
economy model, a more-or- 
less egalitarian theory of dis- 
bursing the benefits of a capi- 
talist framework. 

Initiated by Konrad Ade- 
nauer, anchored in cbe con- 
stitution and embraced by the 
country's rwo Social Demo- 
cratic chancellors, Willy 
Brandt and Helmut Schmidt, 
the system worked until high 
wage and benefit costs and 
new competition from around 
the world with more flexib- 
ility to create and invest 
began to overwhelm the near- 
sacred model. 

Dismantling it or abandon- 
ing it in Germany amounts io 
attacking a creed, the national 
sense of self-worth. With an- 
other history and other 
sources of national self-es- 
teem. a similar process su- 
perimposed on France would 
be just plain politics. Just as 
clearly as building Europe 
means the loss' of the 
Deutsche mark as a symbol of 
achievement and security, re- 
turning Germany to compet- 
itiveness involves changing 
labor roles, cutting jobs, costs 
and state spending. The 
changes amount to a revision 
of the social contract. And in 
this country, that process re- 
quires the nation to reinvent 
its notion of itself. 

An event last week like the 
de facto collapse of the gov- 
ernment’s attempt to over- 
haul Germany’s strangulating 
tax system, once billed as the 
pivotal reform measure to 
carry the country into the new 
century, is a significant ex- 
ample of the current misery, 
but only a symptom of the 
deeper illness described by 
Mr. Herzog. 

Following his formulation, 
the country knows what to do 
(in this case, reform the tax 
system), yet somehow cannot 
(because of vested interests, 
resistance to change and the 
immobility of a political class 
that has lost the general pub- 
lic’s confidence while reneci- 
ing all of its unwillingness to 
accept small risks or to give 
up minim al entitlements). 

The tax reform failure 
probably had its psychic 
equal in the outcome' of the 
decade-long battle to dereg- 
ulate Germany’s rigid store- 
closing hours. When a com- 
promise was reached that 
would allow the country to 
shop a bit more after wotk or 
on weekends, unions deman- 
ded a 20 percent surcharge for 
the new hours and the right to 
reject any shifts that compli- 
cated employees' family lives 
or use of public transport. Re- 
sult: a third of Germany’s 
stores have returned to their 
previous schedules, accord- 
ing to the German Retailers 
Federation, and only 15 to 25 
percent take full advantage of 
the new opening hours. 

The special awkwardness 
and irony of this crisis- wi th- 
ou t-a-name are in pari that it 
resides in the attachment of 
people and organizations to 
consecrated routine. 

The principal players, each 
representing special interests, 
tend to refuse to recognize 
their own particular segment 
of German life as being 
deeply troubled or in- 
transigent. Mr. Herzog’s 
speech, rather than gaining 
wide acceptance, found more 
individuals defending their 
patch and insisting that Ger- 
many’s problems were not so 
much systemic but manage- 
able with careful dial twist- 
ing. 

And Mr. Herzog himself, 
in spite of the credit he has 
gained for saying Germany 
has run aground, did not find 
it prudent to single ont the 


sectors in German life that are 
imploding. 

But each component of the 
country’s international suc- 
cess and its social market 
economy model is touched by 
the crisis, its contradictions 
and denials. 

* The Bundesbank, for ex- 
ample. does not say its in- 
fluence and future are limited 
by the perspective of its dis- 
appearance as Europe’s 
prime banker and monetary’ 
overseer. This change is 
scheduled for 1999. the in- 
auguration dare for the new 
European Central Bank and a 
single European currency. In 
the same manner that markets 
move on the anticipation of 
change rather than the event 


home. Corporations, seeking 
the look of modernity, pay 
increasing attention to their 
share prices in. an environ- 
ment where German banks no 
longer hold a virtual mono- 
poly on providing capital. But 
the Ifo economic research in- 
stitute of Munich points to a 
slowdown in creativity by re- 
porting that die granting of 
patents in Germany continues 
to lag behind the competition 
after years of warnings that 
the country was becoming an 
also-ran in the areas of com- 
puters. biotechnics and ad- 
vanced electronics. As for 
German management ’s social 
conscience, the OECD in Par- 
is reported in 1995 that “it is 
difficult to determine to what 


The monuments of stability and 
consensus appear diminished in their 
capacity to regulate society, sustain wide 
prosperity or survive change. 


itself, a remarkable glimpse 
of how much shortened Ger- 
many’s financial levers could 
be in the future came in a 
remark last week, inconceiv- 
able in other years, from Paul 
Meggyesi. senior currency 
analyst at Deutsche Morgan 
Grenfell in London. These 
days, he said, “The market 
does not believe the Bundes- 
bank for a second in terms of 
its willingness or its ability to 
support the mark.” 

• Another pillar of German 
society and onetime symbol 
of egalitarian Rhenish capi- 
talism, the trade unions, still 
officially hold German in- 
dustry to paying identical sal- 
aries and benefits for the same 
hours across various sectors, 
and insist chat the unions’ in- 
fluence will grow in the fu- 
ture. Against this, a survey by 
Morgan Stanley showed that 
30 percent of German em- 
ployers now pay salaries un- 
der union scale. While the un- 
ions’ own projections were 
saying dial in 20 years only 30 
to 40 percent of the counny’s 
jobs will conform to the cher- 
ished notions of fulltime, full- 
benefits employment, Klaus 
Zwickel, president of IG- 
Metali. the country’s biggest 
union, took the occasion this 
spring ro call for the install- 
ation of the 32-bour week. 

• In Bonn, Chancellor 
Helmut Kohl, who takes the 
guns-and-butter position of 
wanting “to consolidate the 
welfare state while reforming 
it," acknowledges thecunent 
situation to be one of “com- 
plete standstill.” But facing 
an election- in October 1998, 
he has blamed the problem on 
Social Democratic “treas- 
on." Men like Karl-Olaf 
Henkel, president of the Ger- 
man Industry Federation, and 
Klaus von Dohnanyi, a 
former Social Democratic 
cabinet minister and former 
mayor of Hamburg, have 
pointed beyond tit-for-tat pol- 
itics to die need for deep re- 
form of the federal govern- 
ment model, which now 
allows an indirectly elected 
Bundesrat to block the bills of 
a directly elected Parliament 
— a key element in the failed 
tax reform. Other critics have 
attacked the Bundestag's 
election statutes permitting, 
through a so-called list-sys- 
tem, the election of party loy- 
alists without responsibilities 
to or the possibility of sanc- 
tion by a home constituency. 

• German industry, once 
the paragon of the socially 
conscious employer with its 

including wo^CTrepresenta- 
tives, now exports jobs. Such 
companies as Bosch and 
Siemens employ more people 
outside the country than at 


degree the special place of 
workers in management . . . 
permits them to 'better rep- 
resent their interests than in 
systems that lean towards 
conflictuai relationships." 

• In Frankfurt, banks that 
used to suggest to their clients 
that investing in the stock 
market was a somewhat 
louche proposition, now push 
shares and advise individuals 
to hire financial planners. But 
the same banks strengthen 
their London operations, with 
the private explanation that 
the banking culture in Ger- 
many impedes the local hir- 
ing of sufficiently aggressive 
and risk-oriented people — a 
kind of admission that Ger- 
man banks are still not wholly 
ready for the competitive life. 
In fact, Patrick Fincker, a di- 
rector of BfG Bank AG. the 
Frankfurt subsidiary of Credit 
Lyonnais, has said that put- 
ting together an investment 
team in Frankfurt takes years, 
compared to weeks in Lon- 
don. with salary costs running 
30 to 40 percent higher in 
Germany than Britain to re- 
cruit comparable staff. 

When Germans pile these 
details up and say that there is 
sufficient change underway 
in the country to create dis- 
comfort, but not enough io 
compete, that something is 
seriously wrong, the reaction 


is not always a comfortable 
one. Norbert Walter, chief 
economist of the Deutsche 
Bank, said he has gotten 
“frightening, aggressive” 
letters because he has openly 
described Germany as head- 
ing for a “structural break” 
that be thinks will result in a 
less dogmatically egalitarian, 
more flexible and probably 
more American-type system. 

“How do we change a 
mentality that is based on the 
pride of success and which is 
now too stubborn to be will- 
ing to change at all?” Pro- 
fessor Wehler asked. “The 
rather depressing impression 
you get is that nobody really 
thinks very hard about how a 
new institutional framework 
could look” 

The petrification that 
comes with success, political 
maneuvering, pride and vest- 
ed interests meant that ‘ ‘there 
is no honest debate,” Pro- 
fessor Wehler said. This left 
him with not much more than 
the supposition that Germany 
will somehow muddle 
through rather than seeking to 
create a new social contracL 

Beyond the reality of the 
breakdown itself. President 
Herzog has insisted that, like 
it or not, Germany is running 
our of rime and will pay the 
price for dithering in more 
unemployment and despair. 
Mr. Henkel rook things a rum 
further last week in describing 
the collapse of the tax pack- 
age, within the context of the 
overall crisis, as a prescrip- 
tion for sending the country 
into “the minor leagues.” 
Asked about the urgency of 
the situation, Dieter Schulte, 
president of the German Fed- 
eration of Labor and a man 
widely regarded as no enemy 
of change, looked about his 
office here. With what 
seemed like a trace of regret 
and honest caution, he said, 
“You’ve got to accept that 
things go slowly.” rushing 
any harder felt like the pros- 
pect of trouble, Mr. Schulte 
suggested, and he did nor 
want “to end up standing 
alone in the desert” 

The painting above Mr. 
Schulte’s desk was an expres- 
sionistic scene of trains, 
planes, a busy harbor, work, 
movement, men with their 
sleeves rolled up, all in a kind 
of noisy harmony. In Ger- 
many, it was an illustration 
from a time long gone. 


Tuesday 


STYLE 

From Paris to Milan, from New York 
to Tokyo, fashion editor Suzy 
Menkes covers the fashion front 
With additional reporting on 
lifestyle issues, the Style section 
provides up-to-date information on 
developments in the changing world 
of creative design. 

Every Tuesday in the International 
Herald Tribune. 


INTERNATIONAL 



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BUSINESS/FINANCE 


KLM Weighs 
Partnership 
With Alitalia 

Pact Would Help Each 
Battle Larger Rivals 

§ Bloomberg News 

■AMSTERDAM — KLM Royal 
patch Airlines NV and Alitalia SpA, the 
Italian national airline, are discussing a 
possible partnership that would give 
them greater combined reach to help 
com pete with larger rivals, KLM con- 
firmed Sunday. 

Talks have been going on for 18 
months as both airlines explore pos- 
sibilities following other airlinp link- 
ups, such as that between British Air- 
ways PLC and AMR Corp.’s American 
Airlines, which are seeking to form a 
broad partnership. 

While KLM already has a partnership 
with Northwest Airlines, a KLM 
spokeswoman said that in die aviation 
industry, chief executives are continu- 
ally exploring new, additional partner- 
ships to help attract passengers. 

The current KLM-Aiiialia discus- 
sions “are intended to find out if it 
would be useful to start official talks,” 
the spokeswoman sai d , 

: Analysts say that BA’s plan to ally 
with American Airlines has given Euro- 
pean airlines fresh urgency to consol- 
idate as a way to meet the challenge. 

“KLM’s world changed when BA 
announced its alliance with American, ” 

Chris Tarry, a Dresdner Klein wort Ben- 
son analyst, said in a recent report 

4 ‘KLM’s management is clearly 
courting a wide range of potential part- 
ners,” he said. 

KLM commented only after in the 
Dutch newspaper NRC Handelsblad 

C * 'ashed an interview with Pieter 
w, KLM’s chief executive, who 
said that talks with Alitalia that have 
been under way for the last 18 mouths 
are becoming "gradually more con- 
crete.” 

Mr. Bouw, 55, will step down Tues- 
day after 30 years with the airline and 
more than six years as CEO. He will be 
replaced by KLM’s managing director, 
Leo van Wtjk. 

KLM is suddenly in a stronger po- 
sition to explore partnerships now that it 
has resolved a long-running feud with 
its U.S. partner. Northwest Airlines. On 
'Wednesday, KLM announced ix would 
Sell back its 19 percent slake in North- 
west by 2000 in a move to end the 3>A- 
year feud over its stock ownership. 

Northwest said it would buy from 
KLM its 25 mini on shares, and KLM 
would drop two lawsuits challenging 
Northwesrs takeover defense. 


Two Measures 
Of Productivity 

A few economists argue that 
the broad productivity 

measure that most of their 

colleagues follow is less 
accurate than figures that 
cover only corporations. 

Average annual percentage 
change in output for each 
hour worked. 


■ In the nonfinancia! 
corporate sector 

P| In ail nonfarm private 
WA business 

Source: Bureau ol Labor Statistics 



MONDAY, AUGUST 4, 1997 


+3.0% 


+2.5% 


+2.0% 


+1.5% 


+ 1 . 0 % 


+0.5% 


2d qtr. 4th qtr. I9tqtr. 2dqtr. 
19601O 197310 198010 1990 to ■ 
4th qtr. 1st qtr. 2d qtr. 1st qtr. 
1973 1980 1990 1997 



The New YurkTimL’*- 


Ajcu Fnm hmt 

Alan Greenspan, chairman of the Federal Reserve Board, and others 
think electronic technologies are creating a new era of expansion. 


Productivity: Magic Wand in the Economy? 

In a Disputed View, Greenspan Sees Electronic Technology Stimulating a Boom Era 


By Louis Uchitelle 

Nnr Yurk Times Sen t \ 

NEW YORK — To hear Alan 
Greenspan, chairman of the Federal 
Reserve Board, tell ir, along with vari- 
ous bulls on Wall Street and assorted 
chief executives, the United States is 
entering a period in which the pro- 
ductivity of the U.S. worker is ac- 
celerating in ways reminiscent of the 
best years of the country’s economy. 

1 That is why the economy is strong, 
I stock prices are rising and both will 
; continue upward. 

The productivity enthusiasts push- 
ing tills view argue that the new elec- 
tronic technologies have finally been 
harnessed and exploited in the work- 
place. 

Starting in 1994 or so, they say, the 
nation’s workers have been producing 
more for each hour and each day they 
work- 

Most important, this will last, they 
say. 

Their enthusiasm, however, relies 
heavily on their own narrow meas- 
urements of productivity — measure- 
ments they consider more accurate — 
and on circumstantial evidence. 

The official broad statistics flatly 
deny that productivity is rising. 

Quite the contrary, they "show it 
weaker than ever in the 1 990s. 

Many economists, embracing the 
Official statistics, are skeptical of the 
bullish view. Even on Wall Street there 
are those who claim thaiihc productiv- 
ity optimists, including Mr. Green- 
span, are engaging in "creative stat- 
istics” to make their case. 

“Productivity is a broad national 


concept that does not lend itself to 
mining statistical data for favorable 
results," said Stephen Roach, chief 
economist at Morgan Stanley & Co. 

"1 am really critical of Mr. Green- 
span for doing that. ’ ’ 

The stakes in this debate are enor- 
mous. The performance of the stock 
market and the future financing of So- 
cial Security and Medicare are tied to 
the outcome. 

Corporate profits, for example, have 
been growing lately at more than 
double the rate of growth of the econ- 
omy itself. 

In the absence of rising prices, that 
can only be happening, the productiv- 
ity optimists say. if workers are pro- 
ducing more for a given day’s work, 
and the added revenue from their pro- 
duction is going into profits. 

The rising profits, in turn, have jus- 
tified rising stock prices. The expec- 
tation that profits will continue to rise, 
thanks to the growing productivity, 
keeps the Dow Jones average climb- 
ing. 

"Improved productivity has played* 
a key role in profit margins, profit 
growth and the resulting rise in stock 
prices.” said Abby Joseph Cohen, 
chief equity strategist for Goldman. 
Sachs & Co. 

Beyond Wall Street, rising pro- 
ductivity and rising profits in the years 
ahead would mean rising tax revenues, 
just when the federal government 
needs the money to help pay for Medi- 
care and Social Security as Bab> 
Boomers retire. 

Thai has made the administration 
distinctly sympathetic to the rising pro- 
ductivity argument. 


"It makes Social Security and 
Medicare much less of a crisis,” said 
Lee Price, the Commerce Depart- 
ment’s acting undersecretary for eco- 
nomic affairs. 

Productivity measures a worker’s 
output in a given time period. Take as 
an example a long-distance telephone 
operator. 

Her company has furnished her with 
an array of new computers and soft- 
ware. As a result, she increases the 
hourly revenue that she brings the 
company from toll calls to $ 1 .022 from 
$1,000 — money that can go into 
profits or wages or both. 

This operator’s 2.2 percent pro- 
ductivity improvement was in fact 
roughly the rate of productivity growth 
for the entire work force in the postwar 
decades, until 1973. 

The 1990s are a different matter. 
While many workers are indeed be- 
coming more efficient the official stat- 
istics say that the average rate of pro- 
ductivity improvement for the private 
sector work force as a whole during the 
1990s has been only nine-tenths of 1 
percent annually. 

The skeptics believe that is a dis- 
couraging statistic. They argue that as 
wages rise, and they are beginning to 
do so. the higher pay will either cut into 
profits, hurting the stock market, or 
force companies to raise prices. 

With inflation rising, the Federal 
Reserve will respond by raising in- 
terest rates to slow the economy. 

Mr. Greenspan says that rising pro- 
ductivity may be saving the day, but he 
makes no bones about what Fed policy 
will be if he is wrong. 

The productivity optimists start with 


the accurate observation that the nation 
enjoys a rare combination of healthy 
economic growth, rising profits, low 
inflation and plentiful employment. 

While others more pessimistically 
argue that this current, happy moment 
can be explained as a temporary phe- 
nomenon — a result mainl y of shining 
corporate income into profits and away 
from wages — the optimists insist that 
rising productivity is the only explan- 
ation that solves the puzzle. 

They charge that the official pro- 
ductivity measure, showing very weak 
growth, is inaccurate, a victim of mis- 
measurement. 

To make their case, they explore a 
range of statistics for evidence that 
their thesis is correct Or they adopt 
more positive, narrower measurements 
of productivity, as Mr. Greenspan has 
done. 

One test came last week, when the 
Commerce Department announced up- 
dated estimates of how much die econ- 
omy. as measured by the gross do- 
mestic product bad actually grown 
since late 1992. The productivity op- 
timists bad expected a sharp upward 
revision. 

The GDP, in effect, adds together all 
the final sales — retail sales and tele- 
phone tolls, for example — to gauge 
the torn! output of the economy in a 
given year. The higher the output for 
the same number of hours worked, the 
higher the productivity growth rate. 

But the GDP revision was minor. 
The average annual growth from 
I992’s last quarter through this year’s 
first quarter was revised upward by 

See PRODUCTIVITY, Page 13 


PAGE II 

Thailand 
Works Out 
Rescue Deal 

With IMF 

OxqxlHi tiy Otr Staff Fnmi Dltpanim 

BANGKOK — Thailand has 
hammered out terms of a a economic 
rescue package with the International 
Monetary Fund aimed at boisrering the 
country's declining foreign reserves and 
bringing investment into its cash- 
strapped economy. Commerce Minister 
Narongchai Akkaraserani said Sunday. 

The proposal will be presented at a 
meeting of the Council of Economic 
Ministers on Monday. If approved, it 
will be presented to die full cabinet on 
Tuesday, Mr. Narongchai said. 

Mr. Narongchai, a member of the 
Economic Council, would not give any 
details of the agreement 

In Washington, a spokesman for the 
IMF declined to comment on the min- 
ister’s remarks, saying the fund would 
wait until the government took action on 
a proposal. 

The baht has weakened about 25 per- 
cent against the U.S. dollar since the old 
currency-exchange system, which 
closely pegged foe baht's value to foe 
dollar, was scrapped July 2. 

The IMF is expected to provide a 
multibillion-dollar credit line for Thai- 
land. It is also likely to require Bangkok 
to cut its planned 1997 spending of 925 
billion baht ($29 billion) and to raise 
taxes. 

"We don’t expect to use foe credit 
line,” said Surasak Nananukool, an aide 
to Prime Minister Chaovalit Yongchaiy- 
ul "It’s there to provide a cushion to our 
foreign reserves.” f Reuters , Bloomberg) 

■ Mahathir May Meet Soros 

Prime Minister Mahathir bin Moha- 
mad of Malaysia said Sunday that he 
would consider meeting with George 
Soros, the billionaire American trader 
whom he has accused of roiling South- 
east Asian currencies. Reuters reported 
from Kuala Lumpur. 

"Well, I will certainly consider it. 
We'll find out what he wants to ex- 
plain,” foe Bemama news agency 
quoted Mr. Mahathir as saying. 

The prime minister’s comments 
came after a newspaper report that Mr. 
Soros had requested a meeting with him 
to discuss foe allegations. 

Also on Sunday, Malaysia announced 
curbs on local banks' activities in the 
foreign-exchange market in a bid to cool 
domestic speculation in the beleaguered 
ringgit Mr. Mahathir said last week that 
Malaysians were involved by making 
the ringgit available to speculators. 


American Indian Crafts Lose Native Edge As Foreign Fakes Flourish 


By James Brooke 

■ * Ajw York Tones Service 

ZXJNL New Mexico — Displayed for tourists 
in an "Indian jewelry ” store in Albuquerque, foe 
bracelets, pendants and rings were labeled 
"Made in Zuni.” Precise labels would have 
read: Zuni, Philippines. 

As demand soared for American In d i a n arts 
and crafts in foe 1980s, an American jewelry 
manufacturer set up an assembly factory in a 
village in the southern Philippines. To increase 
sales, foe manufacturer persaaded people there 
to rename their village after a distant ana ancient 
people, the tribal residents of this desert comer of 
the American Southwest 
^ "In foe Philippines, they are copying this 
design," Loren Pan teah said as he sat at his 
workbench hoe overlooking the Zuni River and 
Sacred Com Mountain. Mr. Panleah held up a 
$90 pair of earrings he had fashioned using tribal 
symbols and techniques and working with silver, 
turquoise, lapis lazuli and jeL 
> The developing nations are undercutting foe 
United Stales own underdeveloped pockets as 
cranes are Tna dp in foe Philippines and else- 
where, and American and European shoppers 
snap up 1 ‘Indian ’ ’ arts and crafts without think- 
ing. 

Brazilians, Nigerians and Pakista n is weave 
copies of Apache, Navajo and Pima baskets. 
Mexicans weave imitation Navajo blanket. 
i nKiyw»« » rflrvA animal fetishes. Thai workers make 


imitation jewelry, sometimes using blue plastic 
instead of turquoise stone and a mckel-zinc alloy 
for silver. Filipino workers specialize in Hopi 
kachina dolls as well as Zuni inlaid jewelry. 

Although estimates vary, foreign fakes are 
now believed to account for as much as half of 
foe market in Indian arts and crafts, worth $1 
billion a year. 

Estimating that foreign fakes had cut his in- 
come by one-third in foe past five years, Mr. 
Panteah said foe impact had rippled across the 
impoverished Zuni Indian Reservation in remote 
western New Mexico. 

* 'A lot of families are really hurting, * ’ he said 
‘ ‘They have had their vehicles taken, their lights 
cut off.” 

Hardest hit are foe Hopis. Navajos and Zunis. 
three tribes with styles that account for about 90 
percent of foe Southwest Indian jewelry sold 
today. 

In Zuni land, a high-altitude desen expanse of 
about 700 square miles (1,820 square kilome- 
ters), cottage-craft industries have long helped to 
■ ease unemployment, officially calculated at 74 
percent in a tribal work force of 5,000 adults. 

For foe Zunis* northern neighbors, foe Nava- 
jos, blanket weaving and jewelry making have 
traditionally brought cash to a society in which 
foe average household income is about $10,000, 
barely one-third of New Mexico’s state aver- 

Even though it is illegal to pass off foe fakes as 
real Indian crafts, foe imitators are bold. 


"Hopi style, Navajo style and Zuni style — 
we are distributors for some of foe best sil- 
versmiths Asia has Jo offer.” reads the Internet 
catalogue of Buck-A-Gram. a Bangkok jewelry 
company run by a man in Connecticut "To' 
those of you who think our jewelry is worth less 
because it was not made by an American Indian, 
foe truth is that it is estimated that 90 percent of 

‘It’s not turquoise, it's plastic. 

It’s not Zuni, it's Filipino. It’s 
not straight from the 
reservation; it's straight from 
Manila. 9 


all Indian goods sold as genuine are acrually 
imported.” 

In foe Southwest. non-Indians have been 
1 copying Indian arts and crafts ever since foe first 
tourist markets sprang up there a little more than 
a century ago. But with foe modem interest in all 
things Indian, counterfeiting has surged, with 
increases in both quantity and in quality. 

Low foreign wages and mass production are 
depressing prices, said Andy Abeita, a sculptor 
who is an Isleta Pueblo Indian and president of 
foe Indian Arts and Crafts Association, a non- 
profit group in Albuquerque. 

"Import jewelry is no longer a trinket in- 


dustry,” said Mr. Abeita, whose group is ded- 
icated to protecting and promoting authentic 
Indian crafts. "Now ir is very difficult for foe 
artists themselves to tell if a piece is Indian 
handmade or not" 

The Customs Service has begun a half dozen 
investigations into imports of Indian-style arts 
and crafts, focusing on Mexico, foe Philippines 
and Taiwan, said Connie Fenche!, foe director of 
investigative operations at foe agency. 

Under foe Indian Arts and Crafts Act of 1990, 
which was only fully put into effect in Novem- 
ber, it is illegal to sell or display for sale any 
product nor made by Indians in a way that falsely 
suggests that it was. A first-time violator faces 
fines up to $250,000 and jail terms up to five 
years. Repeat violators face penalties of up to $1 
million in fines and 1 5 years in jaiL 

A federal law also requires that Indian-style 
products imported into the United States be 
indelibly marked with the country of origin. 

■ Many importers flout this law by affixing 
stickers that can be peeled off. Some of these 
Indian-style goods are ‘ ’laundered” in Gallup, a 
busy trading-post town where foe origin of the 
goods is obscured. 

Out-of-state buyers, many of whom know that 
foe goods are fake, stock up in Gallup and then 
peddle Asian-made wares as "straight from the 
reservation.” 

"It’s not turquoise, it’s plastic,” said Susan 
McGuire, executive director of foe Indian Arts 
and Crafts Association, a group of artists, deal- 


ers, collectors and museum officials. "It’s not 
Zuni, it's Filipino. It’s not straight from die 
reservation; it’s straight from Manila.” 

To combat counterfeits, foe association has 
conducted seminars this spring for customs 
agents and for investigators of foe New Mexico 
Attorney General’s Office. Although 10 states 
have laws against marketing imports as ‘ ’Indian 
handmade,” prosecutions have been rare. 

Fakes often penetrate Indian jewelry markets, 
especially ones far from the Southwest. 

"There was one Santo Domingo Pueblo lady 
selling Philippine jewelry with her name 
scratched on foe back" ar foe Red Eanh pow- 
wow last month in Oklahoma City, said Tony 
Eriacbo, a Zuni jewelry maker and dealer. * ‘Out- 
side, a couple of Navajo families were selling 
Philippine jewelry as Indian jewelry." 

To avoid fraud, buyers should ask sellers for 
written certification foal names the tribal artist 
and foe stones and natural materials used in 
making the product 

Under New Mexico law. "Indian handmade” 
means using tools and processes that allow foe 
maker to determine individual shapes and 
design. 

In contrast, "Indian crafted" refers ro as- 
sembly-line production, usually by Indians em- 
ployed in factories in the Albuquerque area. 

On a survey form of tribal jewelers and traders 
on foe problem of imitation jewelry, one Zuni 
artisan printed in bold letters. "We all suffer — 
time to take on foe fakes.” 


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German Company’s On-Line Stock Sale Raises Eyebrows 


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By Renee S. Cordes 

Bloomberg News 

F RANKFURT— Internet 2000, a Ger- 
man software developer, avoided the 
delays and huge costs of a stock- 
exchange listing when it issued 1,000 
new shares for sale on the World Wide Web in 

n't foe company, which raised 350,000 
Deutsche marks ($189,425) in the sale, also 
raised a few eyebrows because it did not issue 
a prospectus before foe offer — causing reg- 
ulators to wonder why and stockbrokers to 
reran! foe issue with skepticism.^ 

Internet 2000’s experience underscores foe 
oramise and pitfalls of conducting new forms 
of commerce over foe worldwide computer 
network, where regulation sometimes has not 
caught up with commercial potential. 

German law requires companies to issue a 
prospectus before a share sale. Tbough In- 
femet 2000 has not been accused of doing 
anything illegal, it is discuging its share issue 
with German regulatory officials. 

** We have 10 comply with all the rales and 


regulations of a shareholding company,” 
Axel Schultze, president and founder, said 

Mr. Schultze, a co-founder and former co- 
chief executive of Computer 2000, a com- 
puter distributor now owned by VTAG AG, 
said his intention in launching an Internet sale 
was to start small. 

“We thought at the beginning we would 
just sell foe shares to a very limited group of 
investors,” namely foe company's clients and 
associates. Mr. Schultze said. 

One of foe attractions was foe glowing 
predictions foe company makes about its 
growth prospects. It is projecting 3 billion DM 
in sales this year from 300,000 DM in 19%. 
irs first year of operation. Profit in 1996 was 
10 percent of sales, or 30,000 DM, according 
to the company. In three years, the company is 
projecting 1 8 million DM in revenue, with an 
8 percent profit margin. 

In the sale, investors were required to buy at 
least one package, comprised of 10 shares, at 
a cost or 375 DM per share, making the 
minimum purchase 3,750 DM. Buying a 
packet of shares involved little more than 
priming out a contract available through In- 


ternet 2000’s Web site, filling it out and 
making a bank transfer to Deutsche Bank 
AG’s Munich branch. 

After discovering that interest in foe shares 
went far beyond a small circle, foe company 
contacted the Federal Supervisory Office for 
Securities Trading in Frankfurt to ensure that 
it was complying with German law. The talks 
have been “informal.” Mr. Schultze said 

A regulatory authority spokesman said that 
Internet 2000 was one of two companies 
conducting or planning share sales through 
the Internet. Under German law, a company 
selling shares in a so-called freic emission 
must issue a prospectus three days before 
telling potential investors about the sale, the 
spokesman said The prospectus includes 
such information as the company’s assets and 
liabilities, plans for the proceeds of the sale 
and the possible risks of investment. 

A bill to be discussed by foe German cab- 
inet later this month would raise the fine for 
violating the law from 50,000 DM now to l 
million DM. 

The company — which employs 10 people 
in the Bavarian capital — is limiting foe second 


part of foe share sale to German residents. It 
said it planned to issue a prospectus before 
selling another 1,000 shares. 

But until more information is released, ana- 
lysts are skeptical about foe share offer. 
‘ These are foe kinds of things most brokerage 
houses would shy away from, simply because 
it’s too risky.’ ’ said Roderick Hinkel. German 
strategist at HSBC James Capel in London. 

How will foe 40 current shareholders go 
about determining what the stock is really 
worth, or if there will be a market for trading 
it? ‘’These are questions, I must honestly say, 
I really can’t answer today,” Mr. Schultze 
said. "The Internet medium, for all its 
chances, also poses many risks.” 

At foe moment, Mr. Schultze said, foe 
company does not have any provisions in 
place for a so-called market maker, normally a 
brokerage house or investment bank which 
guarantees a march between bids and offers. 

For the tune being, Internet 2000 is creating 
a place on its Web site where buyers can put 
their bids for shares and where shareholders can 
place their offers. Trading is to begin Oct. 1 . 

Internet address: CyherScapc@iht.vom. 




INTERNATIONAL HERALD TRIBUNE, MONDAY, A UGUST 4, 1997 

CAPITAL MARKETS ON MONDAY 


Investors Remain Bullish on Bonds 


Cimpdnlbi Our SbffFmm Dbpati bn 

NEW YORK — For weeks, investors 
have been pushing interest rates lower 
and stock prices higher on the belief that 
the economic outlook was a combin- 
ation of moderate growth and low in- 
flation. 

But on Friday, the unemployment and 
the National Association of Purchasing 
Management’s reports for July indicated 
that growth is not moderating as much as 
investors had thought. 

This raised thoughts of inflation. How 
much longer could the Federal Reserve 
Board hold off raising interest rates, 
investors wondered? And they ran for 
the hills. 

In the sharpest sell-off in the bond 
market in more than a year, the price of 
the benchmark 30-year Treasury bond 
dropped 2 4/32 points, or S21.25 per 
$1 ,000 bond, to 102 S/32, which pushed 
die yield to 6.45 percent, up 15 basis 
points from Thursday. 


The sharp drop in prices marked the 
first setback in a week for bonds, which 
just finished their best month since May 
1995. But even after setback on Friday, 
30-year bond yields were unchanged 
from a week ago. and 29 basis points 
lower than a month ago. 

Yet analysts predicted that optimism 

U.S. CREDIT MARKETS 

would prevail among bond investors this 
week unless there was confirmation in, 
reports such as producer and consamer 
price indexes that economic strength and 
tight job markets would spur inflation. 

“I don'r think anyone is going to 
panic.” said Kevin Flanagan, money 
market economist at Dean Witter Se- 
curities. ”AJ1 you did was remove some 
exuberance from the bond market that 
you saw this week.” 

Although bond investors are expected 
to remain bullish in the long run, it would 


not be surprising to see long-term yields 
in a 6.50 percenr to 6.60 percent range as 
prices bottom out before moving to new 
highs.- said David Lundgren, an analyst 
at Technical Data in Boston. 

Despite the an unemployment rate of 
4.8 percent, a 24-year low, and scronger- 
than -expected growth in jobs, which 
amplified inflation fears, numbers on the 
labor market contained encouraging 
news: wage increases were still tame. 

Moderate wage growth combined 
with productivity gains and competition 
have held down inflation by keeping 
manufacturers from raising prices. 
Wholesale and consumer inflation for 
July should reflect those benefits, said 
Lynn Reaser, chief economist at Barnett 
Banks, in Jacksonville, Florida. 

Traders said the market would remain 
wobbly early in the week, but that bond 
prices would rebound after the quarterly 
refunding auctions on Thursday. 

iBridge News. NYT. A Pi 


What Price Civic Sports Pride? 

Cities That Shell Out to Keep Teams May End Up Losing 

By Richard Perez-Peaa SS2nmi"c imoact creat«?^*er by bringing a team to a 

y y*e k«* Times Sen™ economic impKi create . a community. s*ud 

community or by keeping a FonfSt College in 

i X.T I r an Pl'nnOrTUSt at L3Xe rOIO a 


Most Active International Bends 


The 250 most active international bonds traded 
through the Eurodear system lor the week end- 
ing Aug. 1 . Prices supplied by Teiekurs. 

Rnk Nome Cpn Maturity Price Yield 

Argentine Paso 

177 Argentina FRN 3341 040107 110.0000 3.0400 
241 Argentina FRN 3.341 04/01/01 1273X100 2-6300 

Austrian Schilling 

236 Austria 4** 05/23/02 99.9000 4.6300 


Rnk Name Cpn Maturity Price Yield 


Cpn Maturity Price Yield 


Belgian Franc 

234 Belgium 9 03/28/03 119.9400 7.5000 

British Pound 

130 Britain 7 06/07/02 100.0000 7.0000 

141 Britain 7 Vi 12/07/07 102.1870 7X1900 

210 Fannie Mae 643 03-22/01 96.3374 6.6700 

229 Chester AR FRN 7.135 09/24/06 99.9300 7.1400 

239 Abbey Nattonal 6 08/10/99 97.3750 61600 

Canadian Dollar 

195 Canada 7ft 06/01/07 110.6507 63500 


Danish Krone 


4 Denmark 
15 Oenmark 
22 Denmark 
27 Denmark 
29 Denmark 
33 Denmark 

36 Denmark 

37 Denmark 
40 Denmark 
72 Denmark 

93 Nykredit 3 Cs 
139 Real Kredd 

152 Denmark 

153 Denmark 
191 Nykredit 


8 03/15/06 

7 11/15/07 

8 05/75/03 
7 12/15/04 

9 11/15/00 

7 11/10/24 
6 11/15/02 

8 1 1/15/01 

9 11/15/98 

6 12/10/99 

6 1 Q/01/26 

6 ltyOl/26 

7 02/15/98 

6 03/15/99 

7 10/01/29 


1145200 

107-5000 

113L8300 

108.6100 

113.2800 

104.1000 

104.8100 

1122500 

105.9400 

1035600 

93-5000 

935000 

1015600 

1024500 

98.0500 


91 Germany 

92 Germany 

94 Treuhand 

95 Germany 

96 Germany 

97 Germany 
102 Treuhand 

106 Germany 

107 Allianz Inti Rn 

108 Treuhand 

115 Germany 

116 Germany 
118 Germany 

123 Germany 

124 Germany Tbllls 

126 Germany 

127 Germany 
129 Germany 
131 Germany 

134 Germany 

135 Germany 
137 Treuhand 
140 Germany 
154 Treuhand 
!S5Treuhand 

158 Germany Tbllls 
165 Treuhand 
167Germuny 
177 Be/glum 
1 75 Germany 
181 Germany 
186 Germany 

189 Germany 
198 Germany FRN 
202 Germany 

208 Germany FRN 

209 Italy 

21 7 Treuhand 
225 LB Schfsw Holst 
248 Russia 


7 01/13/00 107X1625 
6 06/20/16 99.7960 
64* 07/01/99 104.7500 
6 6 03/15/00 106.0500 
6ft 04/22/03 109.1775 
5k 02/21/01 103X1900 

5 01/14/99 101.9300 
816 05/22/00 112.1500 
5H 07/30/07 100.2650 

6 11/12/03 105J600 

6k 09/15/99 105.9800 
5k 10/20/98 102.0800 
7k 10/21/02 111.2900 
6V5 07/02/99 103.9000 
zero 01/16/98 78.6280 
516 08/20/98 1024000 
54* 02/22/99 102.6067 
6/* 05/20/99 1 04.1600 
7k 01/20/00 107.5900 
61* 05/20/98 1024000 
67* 12/02-98 104-2500 
6!4 07/29/79 104.7200 
6ft 02/24/99 104.8100 
dtt 03/36/98 101.7980 
51* 09/24/98 102.3700 
zero 10/17/97 994088 
5k 04/29/99 1034200 

7 12/22/97 101.4200 

zero 10/22/97 98.6894 
6ft 11/2098 103-5200 

7 09/20/99 1064200 
zero 01/04/24 19.0000 
5ft 05/28/99 103.5200 
2871 09/ 30/04 96.9528 
6 04/2098 101.8700 
295 04/06/00 99.7400 : 
5ft 07/10/07 101.3482 . 
Oft 06/25/98 1024400 
5ft 07/3007 99.1500 : 
9 03/25/04 103.6500 I 


231 Italy 

247 BadWuert Land 


Japanese Yen 

128 NTT 2ft 

204 Nip Cred Bk Fm 1.029 
212 World Bank 4ft 
21 8 Japan Dev Bk 6ft 
222 Italy Class B 5 
233 Spain 3.10 

242 ExJm Bk Japan 2ft 


Portuguese Escudo 

166 Portugal FRN zero 08/01 /TO 103.2996 

Spanish Peseta 


99.3080 

99.5091 

114.8197 

1202750 

11B.7500 

106.0000 

105.2500 


156 Spain 
172 Spain 


Dutch Guilder 


Deutsche Mark 

1 Germany 6 07/04/07 103.7798 

2 Germany 6ft 07/04/27 104.5900 

3 Germany 6 01/04/07 1013500 

5 Germany 6k 04/26/06 100.8317 

6 Bundesobllgation 4ft 02/22/02 998922 

9 Germany 94 6ft 01/04/24 101X1300 

10 Germany 6ft 1Q/14/05 1044792 

11 Germany 8 07/22/02 1141700 

12 Germany 8 01/21/02 114.6935 

13 Germany 6ft 05/12/05 109.9100 

14 Germany 3W 06/10/99 99.6000 

17 Germany 5 06/20/0? 97.9522 

18 Germany 6 01/05/06 104.0000 

19 Germany 3k 03/19/99 100.1300 

23 Germany 43* 11/20/01 101.1500 

24 Germany 7ft 01/03/05 110.0814 

25 Treuhand 7ft 12/1002 111.9800 

30 Germany 5ft 08/22/00 1044475 

31 Treuhand 7ft 09/09/04 11 3.5600 

32 Germany 5 05/21/01 1024100 

34 Germany 5ft 05/15/00 104.6600 

35 Germany 8ft 12/20/00 111.1749 

38 Germany 9 10/2000 114.0200 

39 Germany 8k 08/20/01 1134347 

41 Treuhand 6ft 04/23/03 107.9500 

42 Germany Bft 05/21/01 110.6426 

43 Treuhand 6k 0571 2/04 109 .2100 

46 Germany 6ft 07/15/03 107.9642 

48 Germany 8k 09/2W01 113.8069 

49 Treuhand 6ft 070903 108-570Q 

50 Treuhand 7ft 01/2903 110.8600 

52 Germany 3ft 12/1B08 99.9500 

53 Germany 8ft 02/20/01 1134100 

54 Germany zero 07/04/27 1SJ60Q 

55 Treuhand 7* 10/01/02 1104734 

57 Treuhand 6k 03/04/04 103.7306 

59 Treuhand 6ft 06/11/03 109.7600 

61 Germany 6 02/16/04 104.0133 

63 Germany 6ft 07/15/04 109.3800 

67 Germany 5V* 11/21/00 102.7300 

69 Germany 6 09/15/03 105.7340 

70 Germany 9 01/2201 114.8100 

73 Germany 3ft 09/18/98 100.0500 

75 Germany 7ft 11/11/04 113.7167 

76 Germany 7ft 12/20/02 109 .3895 

77 Germany 8ft 08/21/00 1 111 267 

81 Germany Bft 07/20/00 11245040 

86 Treuhand 5 12/17/98 1018800 

87 Citibank C CM T 5ft 07/1607 100.1429 

88 Germany 6 02/30/98 1014700 

90 Germany 6ft 01/20/98 1013400 


44 Netherlands 
47 Netherlands 
68 Netherlands 

84 Netherlands 

85 Netherlands 
101 Netherlands 
105 Netherlands 
109 Netherlands 
ill Netherlands 
120 Netherlands 
122 Netherlands 
133 Netherlands 
143 Netherlands 
1*4 Netherlands 
157 Netherlands 5 P 
159 Netherlands 

163 Netherlands 

164 Netherlands 
173 Netherlands 

179 Netherlands 

180 Netherlands 
211 Netherlands 
215 Netherlands 

227 Netherlands 

228 Netherlands 
244 Netherlands 


74 France OAT 
110 France B.TA.N. 
114 Britain T-bills 
142 France OAT 
145 Britain 
183 Britain 
185 France OAT 
196 France B.TA.N. 
224 France OAT 

237 France BTAN 

238 France OAT 


5ft 02/15/07 
6k 07/15/98 
7ft 06/15/99 
9 01/15/01 
7ft 01/15/23 

6 01/1 S/06 
5ft 01/15/04 
8k 06/15/02 
5ft 09/15/02 
SU 02/15/02 

7 03/15/99 
8ft 0601/06 
Bft 09/15/01 
Bft 03/15/01 
zero 01/75/23 
7Vi 04/15/10 
6ft 11/15/05 
8k 02/15/00 

7 02/15/03 
7 06/15/05 
6ft 02/15/99 
6ft 07/15/98 
zero 08/39/97 
7ft 01/15/00 
7ft 11/15/99 
Oft 10(101/98 


101.9500 

1024500 

1064000 

114.5000 

1168500 

104.1500 

103.7500 

115.1000 
104.2500 
1144500 
1048500 

121.3500 
115.6000 

113.3500 
194500 
116.2000 

109.1000 

109.7500 
1108000 

110.7500 
1048500 
102.6500 

99.7405 

1088500 

1078500 

103.4000 


5ft 04/25/07 
4ft 07/12/02 
zero 08/14/97 
6 04/25/04 

4 Q1/2SV00 
9ft 02/21/01 
Bft 03/15/02 

6 03/16/03 

7 04/25/06 

5 03/16/99 
7ft 04/25/05 


988000 

97.7200 

998367 

103.9300 
98.7100 

116.1500 

1134700 

104.0900 

1088750 

100.9300 
112.4600 


Finnish Markka 


200 Finland 
206 Finland 


11 01/15/79 109.9932 10.0000 
7k 04/18/06 110.1064 68800 


French Ff’anc 


119 Daimler Benz 
136 France OAT 
220 France BTAN 
230 France OAT 
249 France OAT 

Italian Lira 


3ft 01/01/02 103.9391 3.3700 
5ft 04/25/07 101.0400 5 4400 
4ft 04/12/99 1018800 4.6800 
7ft 10/25/05 116.9300 6.6300 
8ft 11/25/02 118.0000 78000 


9 02/15/07 101.7500 88500 

Bft 08/01/99 104.0300 8.1700 


Swedish Krona 

103 Sweden II 

113 Sweden 5ft 

174 Sweden 1036 10k 

176 Sweden 6 

188 Sweden 10k 

221 Sweden Oft 

232 Sweden 13 

U.S. Dollar" - 

7 Brazil Cap S.L 4ft 

8 Argentina par L 5ft 
16 Brazil L FRN 6?* 

20 Mexico lift 

21 Argentina FRN 6ft 

26 Argentina 114* 
28 Brazil 10ft 

45 Venezuela FRN 6ft 
51 Ecuador par 3ft 
56 Venezuela par A 6ft • 
58 Brazil FRN 6Bn 
60 Russia 10 

62 Mexico 9ft 

64 Mexico par B 6k 

65 Brazil par 21 5k 

66 Mexico par A 6k 
71 Brazil FRN 60'* 

78 Brazil FRN 6ft 

79 Bulgaria FRN 6<V» 

80 Ecuador FRN 3U 

82 Christiania FRN 5ft 

83 Argentina FRN Oft 

89 Mexico 114* 

98 Brazil S.L FRN 6<Vi« 

99 Toyota Motor 6k 

100 Peru Pdl 4 

104 Ecuador FRN 64ft 

112 Bulgaria FRN 6>V» 
11 7 Brazil 6 

121 Argentina FRN 5.711 
125 Argentina 11 

132 Russia 9k 

138 Daimler Benz 5 

146 Bar Com Ext. 7k 

147 Brazil 4ft 

148 Opus ill FRN zero 

149 Argentina FRN 5.711 

150 Sallle Mae 4ft 

160 Fst Natl Bk Chic 7 

161 Credit Local 6ft 

162 Italy 6ft 

1 68 Venezuela B 6ft 

169 Canada 6ft 

170 Bulgaria 2k 

178 Panama FRN 4 

182 Mexico A FRN 6.867 
184Centauri zero 

l87Bayerisdie LB 6ft 
190 Mexico D FRN 69nt 

192 Brazil 87* 

193 Rn Danish I nd 6ft 

194 Peru 3k 

197 Mexico B FRN 6836 
1 99 Assoc Nth Amer 6ft 
201 Ecuador FRN 3k 
203 Mexico FRN 7,055 
205 Argentina Bft 
207GMAC 6ft 

21 3 Argentina FRN 5.711 

214 Santander FRN 6.775 

21 6 Argentina 8ft 
21 9 CADES 6ft 

223 Philippines Fix 8ft 
235 Sweden 6ft 

240Tr1kem 10ft 

243IADB 6ft 

245 Espirila Sta Elec 10 

246 Clo Saneamenio 10 

25QJFCME 6ft 


The Week Ahead: World Economic Calendar, Aug. 4-8 

A schedule erf this week's economb and Knenaal events, compiled lor die international Herald Tntmne fy Bbomterg Business News 


Asia-Pacific Europe 

Expected Tokyo: Taro Asa, director-general Madrid: Bank of Spain releases Ju- 
This Week and state minister for the Economic fy foreign reserves; July car sales. 

Planning Agency, leaves for the Unit- Dresden: Ifo Institute releases eco- 
ed States to attend the 26th eco- nomic forecasts for 1997 and 1998. 
nomic consultation meeting be- Vienna: July unemployment data, 
tween the Economic Planning Agen- Earnings expected: National Wesl- 
ey and the Council of Economic Ad- minster Bank PLC. KLM Royal Dutch 
visers in Washington on Tuesday. Airlines, British Petroleum PLC. 

Bangkok: Commerce Ministry re- Bonn: Economics Ministry to pub- 
ports July consumer price index. lish June industrial output figures. 
Hong Kong: Estimates for gross Earnings expected: Pearson PLC. 
domestic product for the first quarter. Midland Bank PLC. HSBC Holdings 
Tokyo: The Bank of Japan releases PLC. Scania AB. Nokia Oy. British 
average lending rates for June. Airways PLC. 


Monday 
Aug. 4 


Bangkok: Commerce Ministry re- 
ports July consumer price index. 
Hong Kong: Estimates for gross 


Tuesday 
Aug. 5 


Manila: National Statistics Office re- 
leases July inflation rates. 

Tokyo: The Economic Planning 
Agency releases survey results on 
consumer groups; June figures on 
household spending; monthly out- 
look on the economy. 


Wednesday Tokyo: Electronic Industry Associ- 
Aug. 6 ation of Japan releases sales fig- 
ures on VCR and color-television 
shipments for June; Japan Automo- 
bile Importers Association releases 
sales figures for July: trade figures 
for the first 20 days ot the July. 

Thursday Singapore: Keppel Corp. holds a 
Aug. 7 meeting to raise share capital and 
authorize dividend payments. 
Sydney: July labor force figures. 
Tokyo: Machine Tool Builders As- 
sociation releases figures on ma- 
chine tool orders for June. 

Friday Tokyo: Bank of Japan releases 
Aug. 8 wholesale price figures for July: Eco- 

nomic Planning Agency releases fig- 
ures on machine orders for June; 
Ministry of Finance releases figures 
on current account balance for 
June. 


Bonn: June manufacturing orders 
figures. 

Moscow: Government announces 
winner of a controlling 38 percent 
stake in RAO Norilsk Nickel. 

Paris: June industnal price index. 
Rome: Jufy final consumer prices. 

Copenhagen: May current-account 
and trade balance 
Nuremberg: Federal Labor Office 
publishes July unemployment re- 
port. 

Paris: Insee releases business con- 
fidence survey for second quarter. 

Paris: July household confidence 
survey. 

Stockholm: Second-quarter gross 
domestic product figures 
Earnings expected: Barclays, Roy- 
al Dutch Petroleum. Schering AG. 
Nycomed. Investor AB. Veba AG. 

Amsterdam: July consumer price 
figures and June industrial sales da- 
ta. 

Bern: July unemployment figures 
Rome: lslat releases June industrial 
production numbers. 

Earnings expected: Astra AB. Egis 


Americas 

Abbotsford, British Columbia: Air- 
show Canada, an international 
aerospace and aviation trade show, 
including over 500 exhibitors. Par- 
ticipants include U-S. Commerce 
Secretary William Daley. Wednes- 
day to Sunday. 


Buenos Aires: Inflation and cost of 
construction figures for July. 
Washington: U.S- Agriculture De- 
partment releases weekly report on 
planting progress for seven crops. 
Lima: June gross domestic product. 


Brasilia: July trade balance. 

New York: UR Redbook Research 
service releases weekty survey of 
total sales at more than 20 depart- 
ment. discount and chain stores in 
the United States. 

Earnings expected: Amdahl Corp. 

Washington: The Mortgage 
Bankers Association of America re- 
leases its weekly report on mort- 
gage applications; Department of En- 
ergy issues weekly report on U.S. 
petroleum stocks, production, im- 
ports and refinery utilization. 

Mexico City: June trade balance; 
Jufy inflation rate. 

Washington: Labor Department re- 
ports initial weekly state unemploy- 
ment compensation insurance 
claims; Federal Reserve System re- 
ports weekly money supply. 

Bellevue, Washington: Federal Re- 
serve Bank of San Francisco's pres- 
ident Robert Parry speaks on the 
economic outlook for the United 
States and the Pacific Northwest. 
Washington: Weekly report on U.S. 
commercial and industrial loans. 


6 02/15/00 100-5200 5.9700 
9 0305/04 100.1250 8.9900 


7.90 02/28/02 110.1140 7.1700 
6U 04/15/00 104.1730 6x1800 


10880301 
998850 
1128070 
99.1330 
170.9190 
101.1950 
1254260 1 


04/15/14 95J313 4.7200 
0331/23 75.6634 7.2700 
04/15/06 92.1319 74600 
05/15/26 117.9054 9.7500 
03/29/05 92.1500 7.3300 
01/3317 1I8J782 98800 
05/15/27 1018750 9.9900 
12/1307 938317 78300 
02/28/25 548750 64400 
0331/20 83.6250 8.0700 
01/01/01 77.7055 8.7700 
06/26/07 103.1275 9.7000 
01/15/07 108.158? 9.1 300 
12/31/19 828493 73700 
04/15/24 69.8874 73100 
12/31/19 823000 73800 
04/15/12 833000 88100 
04/15/2 4 813054 84200 
07/28/11 753292 88500 
02/28/15 728417 44600 
07/18/00 99.7800 5.7600 
03/31/23 90.0000 7.6400 
09/15/16 118.7500 9 3800 
04/15/09 88.7335 78200 
07/22/02 994877 68800 
03/07/17 668500 6.0400 
02/28/25 798036 8.1300 
07/2324 798079 84300 
09/15/13 80.1800 74800 
04/01(01 1298000 44200 
1009/06 114.7997 93800 
11/27/01 1023921 9.0200 
0101/02 103.9861 48100 
020204 95.1250 7.6200 
04/15/14 958656 4.6900 
07/2904 1013903 0.0000 
090102 1194000 4.7800 
08/02/99 97.3750 4.6200 
050800 1023000 68600 
02/1804 100.9332 64400 
09/27/23 100.9784 68100 
03/31/20 83.7492 8.0600 
07/1502 1004311 6.1000 
07/28/12 623156 3.6000 
07/17/16 898466 44500 
12/31/19 95.0000 78300 
01/12/98 96.8459 78000 
047507 1014044 633 DO 
12/28/19 95.1513 7.1600 
110501 1043750 83000 
04/1)01 1018250 6.6400 
03/07/17 603000 58700 
12/31/19 .964189 7.0800 
06/2002 1018567 6.7500 
02/28/15 78.5931 4.1400 
06/2702 100.0100 7.0500 
050902 1018750 83900 
07/1 Q02 1018500 63700 
040107 121.6000 3.8600 
12/3109 99.7800 6.7900 
12/2003 1023323 8.1600 
03/1102 1018581 64200 
1007/16 103.0468 84900 
05/2704 1028750 63600 
07/2402 101.1997104900 
04/2702 101.1323 6.3000 
07/15/07 101.6533 98400 
07/2805 1013000 98500 
070307 1028500 4.6000 


By Richard Perez-Peaa imnaS created either by bringing a team to a 

y yet,- Yvrk Times Sen-ire economic impKI a community. S*ud 

community or by keeping “ . Forest College in 

ALBANY. New York — Have New York and Los Robert Baade, an economist at i-a* 
ngeles been wounded by the loss of their National Football Illinois. „r that the money spent 

eague teams? Have Jacksonville, Florida, and Indiana- “And when you take into ac ^ or bridges or . 

jlis been reinvigorared by gaining such teams? Is civic on a stadium could be mvesiKi m ^ much greater 
ide reason enough to invest millions of dollars, usually industrial parks or schools, air or wiu ^cmalJv has a . 
x-exempt, to keep a profit-making sports team from return, it may well be that stadium-budding aouau. 

reing? negative economic impact. *r*,,m#nt* elected of- 

New York stale lawmakers have Despite ™’nnpv *.nent 

kindled interest in such questions by ' ficials routinely refer P® 

■reeing to invest S75 million from the ‘There just doesn’t seem *o Keep sports te^s >mpo 

to be much of an BiuV % gw- 

ta ‘“e“ g when a ‘ports team, have eC « n0 “ ic ta P act crealed ST'W= will*. wtat Los 

:rfected the dance to get hold of tax either bv bringing a team Angeles. Cleveland and Housron. 

rflars by threatening to jump cities . „ ^ ■. ■ » could not: hold onto our NFL team in 

dess they are given lavish new a community or by rhis era of franchise free agency. 

«nes at public expense, many cities keen in a n team.’ Analysts said that a project like 

ive debated the merits of giving in to ° Buffalo’s, which merely upgrades an 

ch demands. existing stadium with luxury boxes 

It is an immediate concern in New York City, where the and other amenities, is less of a boondoggle than 311 

vnerof the Yankees, George Steinbrenner, has threatened entirely new stadium. But the deal only obligates the Bills to 
leave town when the team’s lease at Yankee Stadium stay for one to six years, depending on a number of factors, 
;pires in 2002. Mayor Rudolph Giuliani has supported the though there would be financial penalties for leaving Buf- - 
ea of building the Yankees a new home, for $1 billion, falo before 14 years. 

ove a rail yard west of Pennsylvania Station in Man- In general, the analysts said, a baseball team is a better 
nan. investment for a city than a football team because a baseball 

But many economists who have studied the issue have team plays 81 home games a year in rhe regular season, 
included that cities and states almost never gain by giving compared with the eight home games played in football, 
to teams’ demands for new stadiums. Economists note that a major sports team has only about 

“‘Any politician who says this is sound economic de- 100 full-time, year-round employees, and, while several 
lopment is either misinformed or lying,” said Andrew hundred more may work at the stadium during the season, 
mbaiisL a professor of economics at Smith College who is most are in low-paying jobs and work only on game days or 
■iting a book on the subject with Roger Noll of the during such special events as concerts, 
ookings Institution. And there is some benefit to businesses in the sur- 

Senator Daniel Patrick Moynihan. Democrat of New rounding neighborhoods. 

>rk. has introduced legislation that could make city- But even accounting for that, Mr. Zimbalist said, a sports 
pping harder for teams by barring local and state gov- team produces “the level of employment of a large de- - 
aments from using tax-exempt bonds to build sports partmem store.” 

mas. Re tainin g or attracting a team through stadium building 

Sports teams produce little or no net increase in economic has certain undeniable attractions; It generates a large 
riviry in a city, critics contend; rather, they take money number of construction jobs for a few years, and it can 
/ay from other forms of entertainment people might spend bolster a city's self image. 

sn. like eating out or going to the movies. “When cities go to great lengths to keep these teams, I 

And, the critics argue, an investment of hundreds of think it’s all about a municipal macho.” said New York 


By Richard Perez-Pena 

,\’en- Yvrk Times Service 

ALBANY. New York — Have New York and Los 
Angeles been wounded by the loss of their National Football 
League teams? Have Jacksonville, Florida, and Indiana- 
polis been reinvigorared by gaining such teams? Is civic 
pride reason enough to invest millions of dollars, usually 
tax-exempt, to keep a profit-making sports team from 
fleeing? 

New York state lawmakers have 

rekindled interest in such questions by * 

agreeing to invest $75 million from the ‘There just C 
state budget in the improvement of , J , 
Rich Stadium to keep the Buffalo Bills much < 

from leaving the state. economic in 

In an era when sports teams have 
perfected the dance to get hold of tax either by bri 

dollars by threatening to jump cities 

unless they are given lavish new a COmmUJ 
homes at public expense, many cities keen ing a 

have debated the merits of giving in to r S 

such demands. 

It is an immediate concern in New York City, where the 
owner of the Yankees, George Steinbrenner, has threatened 
ro leave town when the team's lease at Yankee Stadium 
expires in 2002. Mayor Rudolph Giuliani has supported the 
idea of building the Yankees a new home, for $1 billion, 
above a rail yard west of Pennsylvania Station in Man- 
hattan. 

But many economists who have studied the issue have 
concluded that cities and states almost never gain by giving 
in to teams’ demands for new stadiums. 

‘‘Any politician who says this is sound economic de- 
velopment is either misinformed or lying,” said Andrew 
Zimbalist. a professor of economics at Smith College who is 
writing a book on the subject with Roger Nou of the 
Brookings Institution. 

Senator Daniel Patrick Moynihan. Democrat of New 
York, has introduced legislation that could make city- 
hopping harder for teams by barring local and state gov- 
ernments from using tax-exempt bonds to build sports 
arenas. 

Sports teams produce little or no net increase in economic 
activity in a city, critics contend; rather, they take money 
away from other forms of entertainment people might spend 
it on. like eating out or going to the movies. 


millions of dollars in a new stadium is far out of proportion 
to the meager commerce the stadium would, by itself. 


State Senator Franz Leichter.a Manhattan Democrat “And 
that's just not a good enough reason.” 


Mew International Bond Issues 

Compiled by Laurence Desvilettes 


Floating Rate Notes 

Banco Rio de la Plata 

Chase Manhattan Bank 
Hanil Bank 

Santander Iptt 


Fokus Bank 
Robert Fleming Capital 

Residential Mortgage 
Securities 1 

Cabco Finance 

SCCR Series 2 Capital One 

Fixed-Coupons 

Argentina 

AxaSAdeCV 
Banco Credibanco 


Banco de Credito National 
Banco General 
Guatemala 

Industrial Finance Corp. of 
Thailand 

Industrial Finance Corp- of 
Thailand 

Paso Perez Com pane 

Sideco Americana 

Tjiwi Kimia Finance 
Mauritius 

Yapi Kredi Finance 
DSL Bank 
ICI Investments 
Dresdner Finance 

General Electric Capitol 
Corp. 

Goldman Sachs Overseas 
Finance 

Depfa Bonk 
Dresdner Bank 
European Investment Bank 


Amount Coup. 

Onflltara) Mat. % Price 


1998 035 100.00 — 


Over 1-manth Libor. Noncalkible. Abo S80 million, due 1999 and paying 0 JS aver 6- month 
Ubof. Fees not dtsdased-DenomiftaHom <10000. (Citibank InMJ 


S 500 2002 0.05 99.913 

sioo 2000 0-20 100.00 

5556 2002 Itbor 100.074 

S 12 S 2000 4.00 10080 
DM 250 2004 Vb'ioO.OII 

DM 40 Q 2002 vS 9983 
£798 2034 0.15 99.92 

ITL 45 Q .000 2013 0.15 100.00 

lTL 72 aD 00 2002 0.01 100.00 


S500 2003 BH 102.034 — Noncalable. Fungible wtth outstanding issue, raising total amount to $1 3 biflion. Fees nal 

tfiscJosed. ( Salomon Brothers mtLl 

2004 9 99Vj — Semiannually. Noncalkible. Foes 0859L (Chase Manhattan Intl.J 

2005 7^4 99.921 — interest will be 7ft%imfil 2000 when issue Is redeemable and callable at par. 7ft<»un!il 2002. 

thereafter 8%. Fees 030ft. (Barclays de Zoefe Wedtjj 

2005 8ft 99ft — Redeemable at 9980 In 2000. Fees 035%. (UB5J 

2002 7.70 99.957 — NancaBable. Fees liWk Denominations $10800. (Credit Suisse First BastanJ 

2007 8ft 99.6084 — Semtanmwlly, NoncaUabte Fees 0.75ft. Denominators * 14000. f BcnkBostwU 

2002 7ft 99.925 — Nonarfioble private placement. Fees nol disclosed. (Lehman Brothers Intl.J 

2007 7 99.717 — Private placement redeemable at par In 2002. Fees not dbdosed. (Lehman Brathenlnri.) 

2002 7ft 99.742 — SemlanmKfly. Noncalkible Fees 030%. Denominations 550,000. (Lehman Brothers inti) 


— Over 3- month Libor. NancaBable. Fees 0.175ft. (Chase Manhattan Inti) 

— Interest will ba 080 over 3-month Libor until Nov, when Issue Is redeemable at par. thereafter 
045 over. Reoffered ot 99 975. Fees 0.10%. Denominations 5100800. (Lehman Brothers Inti) 

— interest will be Ihe 3-monta Ubar. NononBable. Fees 080%. (Morgan Stanley InfU 1 

— Over 3- month Libor. Nondurable. Fees lftft. Denominations 5100,000. (Salomon Brothers IntU 

— Over 3-month Libor. Nonca Sable. Fees 080%. Denominations 100,000 maiis. (UBS.) 


— Over 3-matHh Ubor. NortcaHoMe. Fee* 080%. (Morgan Stanley IntU 


I nterest will be 0.15 ovw3-month Libor until 2007, thereafter 040 aver. Averogo Wc 3 9 rears. 
Foes 030%. (Nomura InMJ 

Over 6-month Ubor. Average life 93 years. Fees 080%. (Cariplo.) 

Over 3-month Libor. NoncaKable. Fees 085%. U.P. Morgan Securities.) 


S ■ ; ■ 
i 


ifLo 

{[it ■- 1 


( ‘.tai: ' 


Wllii 

fesuc; • • 


2002 Open open — Semiannually. Noncalloble. Fees i a ». Denominations 51 0.000. (Beor Steams IrM.t 

2004 10 99.455 — NoncnUaWe. Fees not disclosed. (Goiaman Sodis Inri) 


5150 2002 10 100.00 — Semiannually. Noncaftabie. Fees I'lft.WBS.i 

DM1.500 2007 5ft 102.10 — Reaffeied at 99425. Nonart table. Fees 2' aTiABN-AMPQ Hoare Gwstu 

£300 2007 7ft 100.754 — Reatfered at W^ISJ. Nwicol table. Fees IrtC (Bardavs de Zoete Wedd.) 

FF1.000 2012 5ft 99.7B5 — Noneaila We Fees 040%. iBanqueNattonalede Pans.) 

FF1.50Q 2011 5ft 99.009 — Nancallable Fees 0875% I Banque Paribas.) 

FF1.000 2009 6 99315 — Noncaftabie. Fees 0 45% (Cause desDapalsctConshmattons.) 

1TL200.000 1999 6 101.15 — PcaHeredaTpar. Nancallabie. Fees f * 1 .. (Credits Itatkmo.j 

ITL30G.000 2002 6 101.795 — Nancallable. Fees iV-v (Banque Naiionalede Pans j 


ITL300.000 2007 9 10342 — 


General Electric Capital I TL1 50.000 2002 6V» 102.735 

Corp. 


Credit Local de France 


ECU50 2002 5! j 102'v - 


Development Bank of South SAR2300 2027 zero 2ft 

Africa 

Fannie Mae AusSljno 2007 6ft 99.635 

American Honda Finance Y10800 2000 0.25 9784 

Greece Y50.000 2007 280 99.76 

Greece - Y5Q,ooo 20V7 3.80 uw.aa 

Merrill Lynch & Co. Y30.00D 2002 2 TmC 

Equity-linked 

Telefonica Europe 


— Fnferesl will bee°i until l/M. (hereafter SJ-r'o.NcncnllabJe. Issuomar be reawomKialeiJin 
euro; after EMU. Fees KT 1 ®. Fungible with outstanding issue, raising total omoum to I 8 tnltun 
lire. (.Banco Now) note del Lavoro.l 

— Nancallable. Fungible with outstanding issue, raising talal amount la JS0 billion lire. Fees r 
i Banco CommenrioJe Itabana > 

— NMicoHoble. Fungible wilti aulshmdmg issue rolling fofal amount 'o 150 minion Ecus Fees 
I Vi. (Banguc intle a Luiembauig-! 

— Yiew 1234%. Noncallabla Fungible with on Wanding Issue, raising lomi Face amount to rj: 
b hi ion rand. Fees 025%. iHambros Bank.! 

— Semlannuallv Noncollable. Fees 0825% (Merrill Lynch Inttt “ 

— Noncaftabie private placement. Fees 085%. Denominations 100 mHtion yen rsamua Inn. i 

— Semiannually. Nancallable. Fees 050?:. (Goldman Socns Inru " ~ " 

— Semiannually . Noncaltabte. Fees Q70%. (Goldman Sachs tnn.i 

— Noncalkible private placement. Fees 025% Denominations 100 midwn yen r.MorrUT (.vnen • 




S525 2002 2 100.00 - 


5cmlanmially. Redeemable at malunlyat 10S.02. Callable atlOiftl mMOO Convertible a; 
pesetas per share, a 30% premium, and at 1M47 pesetas per dollar. Fees IV. Denommoii.' ' 
110300 (Morgan Stanley Intl.J 


Last Week's Markets Euromarts 


$ ^ 


Stack Indexes 


United Stale 
□J Indus. 

DJ Uhl 
□7 Trans. 
S&P IDO 
S&F5DQ 
56 P Ind 
NVSE Cp 
NasaaqCp 
Japan 
REFei225 
Britain 

Ftseioo 
C anada 
TbE Indus. 
France 
CAC 40 
Germany 

DA* 

Hong Kang 
Honq Sena 
World 
w.aP 


Aug. 1 July 25 %CtTgc 

S. 19404 8,113.14 . i3.99 

23349 231.88 - 0*9 

2.951 30 Z906.lt ,155 

92126 917 82 *059 

■U7.14 938.79 t Q 90 

1,112.26 1. 1 07.16 + 0.40 

490.99 400-90 4 0.86 

I.SV4J2 1.5«9 aJ *157 

19.80438 2a 38934 — 2.B7 

4499 JO 4.RS150 *0.99 

645750 6.777 10 « 1 19 

3,049 44 1075.94 * 0.78 


4408.79 4.317 64 *2 >l 


10379.22 15.658.12 * 461 

901.85 975.74 - 0 63 


Money Rates 


Pnmerate 
Federal funds rate 


Can money 
3-rnonm interbank 
Britain 

Bonk bow rate 
Call money 
3-montti Interbank 
France 

Intervention rare 
CoH money 
3-montti Interbank 

Germany 
Lombard 
Cou money 
3-month interbank 


MPtd Aua 

London pjn.ra.s 324 


Eurobond Yields 


Aug I July 25 
5 M 5.00 

S': B'-S 

5-« S': 


3 10 3.10 

3'* 3»* 

3 * 3*v> 


450 430 

3 10 3.05 

381 3.17 

? Juiy25 v t>Ch'ge 
10 324.10 UiKtl 


U5. S, long term 
U5.J. mdm term 
U 5. S. short term 
pounds sterling 
French trancs 
Italian Ura 
Danish kroner 
5«etftsli kronor 
ECUs, long term 
ECUs, rrdm term 
Can. S 
Aus.S 
NJ.S 
Von 


•II|,1 JiVfiSYr Mga Vi law 

630 635 7.09 630 
6.1 1 620 6.84 6.10 

5.98 6.04 631 5.96 

739 7JB 7.75 7.09 

434 4. BO 5.05 436 

623 681 7 79 630 


593 536 
5 61 437 


631 S 70 
786 630 
839 694 

215 1.64 


Source- tu»L*nOiwrg stock enTbonge 


Libor Rates 


Weekly Sates 

Primary Marker 

f* 1 ** 1 EuraOtcT 

1 Hons S K,., 
Straights 4026 9«S5 2833 - 

Comert. 1423 ’ i j r ; 

FRNs 909 7 1.320- , ‘- 1 ,? - 

ECP t T.452 s ; 5455 1 lisnj . , ~ l 
Total 13.107* || .854 8 uKl ''.J?; 
Scconaary r.'.qrse i 

!“**'*»« — 
9 c 

Slr3lgnrs21360 ’ 21< >33101 213'. -.V .T' 
Convert ».32i 0 l. 37^7 it'l ■> i : ' 

FRNs 24.3045 4.0?; i 
ECP .S.J6B.8 r 6.577.1 

Term 65.i,7 V 49.590 8187.203 a -> : 
Sft. rre £ u ro-.-i «r. Ceoel Bonk ‘ - " 1 


:..y ’ 

•fv; , • 






Wedd mde* from Atorgon 5 ran lev Capitol inn Perspert ve 






JE&CE1 


INTERNATIONAL HERALD TRIBUNE, MONDAY, AUGUST I. 1997 


PAGE 13 



INVESTING 


f .tfi I 




Dull Stocks Make Lively Profit 


By Anne Terges en 

— Ncv York Time* Sen-i ce 

Vaie her career at Radio 
^Os-cntiquing Russian-language news 
repons that were beamed into the Soviet Union Then she 
movoi to the Greek island of Hydra, ostensibly ptiminu 
portraits but mostly swimming, she said. Today, she is a self- 
taught money manager who specializes in "the stocks ot 
small companies. 

If Ms. Vale is colorful — at least in the world of portfolio 
managers — the mutual fund she manages, Neuberger Ac 
Berman Genesis, is not And its dullness, she said, is pan of 
the secret of its success. 

In the three years she has run the fund. Ms. Vale has 
eschewed glamorous butrisky high-fliers for sensible hum- 
drum, even boring companies, as she is fond of savins. 

Her aim is to compile a portfolio that avoids the sharp 
peaks and valleys characteristic of small stocks — those that 
the market values at $1 billion or less. 

The portfolio’s companies “will put you to sleep but 

we think this is great,” Ms. Vale said in her office over- 
looking lower Manhattan. “We don't want managers that 
glitter too much and have too much pizzazz." 

Pizzazz is certainly not a problem for the 1 25 stocks in the 
$855 million fund; many are companies that basically make 
parts for other companies’ products. The fund's biggest 
investments are in aerospace and energy, and it owns a 
smattering of stock in s mallis h banks. 

The strategy seems to be working. In the three years since 
Ms. Vale took command of the fund, the returns of Genesis 
have averaged 20.3 percent, exceeding the average of ati 
domestic equity funds by 4 percent and the average small- 
capitalization hind by 6.5 percent, according to Momingsi.u 
Inc., the fund trackers. 

In championing unexciting but predictable performers 
and looking for relatively inexpensive stocks, Ms. Vale is 
bucking the prevailing wisdom among many small-cap 
managers, who tend to prefer fast-growing concerns and 
typically own large blocks of technology and other stocks 
prone to earnings surprises, both positive and negative. 

The average domestic small-cap hind invested about 18 


percent ot i»> assets in technology stocks as of June 30. 
according in Momingstar, the figure for Genesis is now 
about 10 percent. Ms.' Vale said. 

"Some people think it's son of an inside-oul way of 
managing money, but we look at the risk in a holding before 
we look ar j return,'* Ms. Vale said. “I think a significant 
portion ot ' <ur performance over the last couple of years has 
come from simply having far fewer blow-ups than other 
small-cap managers.” 

To minimize risk, Genesis follows a few guidelines. First, 
it looks njr companies that have usually posted annual 
earnings increases of 15 percent to 18 percent for several 
years. Such sready returns are “a lot more sustainable,” Ms. 
Vale said, than the high-octane performances that receive 
much a Hendon. 

The iund also looks for companies whose stocks are 
cheap simply because they have been overlooked, not 
because they are financially frail. Ms. Vale seeks companies 
that generate excess cash that they can use to finance 
expansion either internally or by acquisitions or to re- 
purcha>e stock to increase earnings per share. 

She also focuses on a company’s return on assets, which 
helps v^eed out companies with a lot of debt. 

Right now. Ms. Vale is keen on stocks in two areas, 
energ> and commercial aerospace, which are experiencing 
rising demand for their products. In the case of energy, a 
proonefed period of underinvestment has left drilling ca- 
pacity tight while technological advances have lowered 
exploration and drilling costs, she said. 

In a\ ration. the companies that remain after the recent 
spate of consolidation should see sustained demand, she 
said, because federal regulations are prompting airlines to 
replace their aging fleets. 

Though these industries are generally sensitive to the 
economic environment, companies in both sectors enjoy the 
ability in raise prices — a rarity that should help insure profit 
growth and proiect Genesis shareholders from any eco- 
nomic sl> iwdown. she said. 

In energy, one of Ms. Vale’s favorites is Nationai-Oilwell 
Inc. of Houston, which recendy bought another of the fund's 
Top holdings. Dreco Energy Services of Edmonton, Alberta. 
A large maker of equipment for oil rigs, Nationai-Oilwell is 



liulri'j Mi'hin llu* \rn Vifk Till*-* 

Judith Vale, manager of the Genesis Fund. 

poised to benefit from rising energy demand that has re- 
cently encouraged oil service and drilling companies to 
build new rigs. Ms. Vale said. The stock has doubled 
recently and closed Friday at $61.0625. 

The fund’s largest holding is Thiokol Corp., the Ogden, 
Utah, maker of parts for commercial aircraft. Most analysts 
expect Thiokol’ s earnings for the year ending next June to be 
about $4.50 a share. But Ms. Vale says that $5 or above is 
more likely, given the company’s solid management and the 
industry's strong fundamentals. 

Another favorite is AviaJl Inc. of Dallas, a big inde- 
pendent distributor of new airplane parts. As the industry 
consolidates, Aviall is poised to remain a leader, Ms. Vale 
asserted. She predicted that, with sales rising and man- 
agement containing costs, its earnings should rise 20 percent 
next vear. 


The Signals Conflict for Hong Kong Property Buyers 


; By Philip Segal 

, Speviiil io the Herald Tribune 

■ HONG KONG — There appears to be a 
difference of opinion in this town between the 
real estate market and the market in real estate 
stocks. Bullish or bearish on property prices, 
there is now a market to substantiate every 
view. 

_ While Chief Executive Tung Chee-hwa has 
pondered how to make Hong Kong's apart- 
* jti meats more affordable, business has been so 
1 r bad for real estate brokers that a branch office 
of one major agency did not do a single deal in 
all of July. The fear among buyers has been 
that stringent measures by Mr. Tung's gov- 
ernment would drive prices way down. 

Yet stocks in some of the biggest real estate 
companies in Hong Kong suddenly soared to 
record high prices last week, even though the 
government made no announcement on land 
poficy.-fcthis a case of two markets giving off 
different signals? Or are stock investors 
showing the way to a rosier future for real 
estate? 

"Sometimes the stock market is not a ra- 
tional market," said Shih Wing-ching, gen- 
eral manager of Centalitte Properties, a real 
estate agency with 260 branches in die Hong 
Kong Special Administrative Region, one of 
which did no business in July. 

Mr. Shih’s pessimistic argument is that 
stock investors overreacted to healthy sales at 


two developments on the weekend of July 26- 
27, especially one by Cheung Kong Holdings, 
a major developer. Because Cheung Kong 
slashed prices of new apartments in June to 
levels below what resale ones w ere going for 
at the time, the subsequent 10 percent price 
increase should not be taken as a sign that 
properly prices were bound to rise, Mr. Shih 
said. “In most other places prices are still 
under pressure,” he said. 

The message from 
government is loud and clear. 

It doesn’t want speculators. 

But it Mill take time for the 
market to absorb it. 


On July 28. after the sales that so excited 
stock investors, the Hong' Kong monetary 
authority said that new regulations to control 
mongage lending might not be necessary be- 
cause the property market had cooled suf- 
ficiently. 

For stock investors, this made no differ- 
ence. The yield on the 30-year U.S. Treasury 
bond fell Thursday to 6.32 percent, the lowest 
since February 1996. and the chase for real 
estate stocks was underway. Hong Kong's 
currency peg to the U.S. dollar means that 


rates here track those in the United States, and 
lower rates usually mean better sales of prop- 
erty. 

On Friday, the Hang Seng Index rose just 
0.08 percent, but property stocks were up 1. 1 
percent Sun Hung Kai Properties, a major 
developer, rose 3.1 percent to reach an all- 
time high. Cheung Kong rose 1.4 percent, 
after soaring by 6.5 percent Thursday. 

More than nvo- thirds of the stock market 
here relies at least in pan on earnings from real 
estate, and these companies have had some 
catching up to do. 

In the year to date, they have underper- 
formed the Hang Seng Index by 13.2 percent, 
largely because of the stellar performance this 
yearo’f HSBC Holdings PLC, which makes up 
close to 25 percent of the index all on its own. 
Sylvia Wong, analyst at ABN .Amro Hoare 
Goveit Asia, said that the sales by Cheung 
Kona and another developer. Swire Pacific 
Ltd.. v% ere a genuine turning point in the 
market. But she cautioned that too much en- 
thusiasm among apartment buyers could re- 
vive talk of government measures to control 
prices by driving speculators out of the mar- 
ket- That could send stocks back down 
again. 

"The message from government is loud 
and clear," she said, “that they don’t want 
speculators. But it wUl take time for the mar- 
ket to absorb it." 

Hong Kong must wait until October to find 


out what specific measures Mr. Tung intends 
to take, to make sure Hong Kong profes- 
sionals will not always have to spend the 
equivalent of 70 percent of median household 
income to service a mortgage for a 500- 
square-foot i46-square-meter) apartmenr. 

So far. his government has been long on 
promises — to more than double the number 
of apartments built each year — but short on 
how this will be accomplished. He has prom- 
ised that within 10 years, 70 percent of fam- 
ilies here can own their own housing, up from 
50 percent today. 

In the long run. agents and analysts agree 
that it would nor be in Mr. Tung’s interest to 
flood the market with enough new land for 
development to induces real estate crash. Not 
only are the property tycoons here some of his 
most important political backers, but the 
Hong Kong government relies on land sales, 
stamp duties and profits taxes on developers 
for up to 40 percent of its revenues. 

There is one more theory about last week's 
stock surge: all of the potential buyers who 
have stayed out of the real estate market the 
last six weeks are instead buying property 
stocks, among other shares. With the gov- 
ernment taking aim at speculators, "people 
can make money in the stock marker and 
they’ve changed direction in their invest- 
ment,” said Jan McNally, director of res- 
idential development at the Richard Ellis 
agency. 


PRODUCTIVITY: Is Technological Input the Magic Wand, ? 


Continued from Page 11 

& one-tenth of l percent, to 
< “2.8 percent, not enough to 
make a difference in pro- 
ductivity. 

' The revision held another 
disappointment for the pro- 
ductivity enthusiasts, while 
the Commerce Department 
and most economists con- 
sider adding together all final 
sales as the most accurate 
measure of output, the pro- 
ductivity enthusiasts would 
prefer to add together "in- 
come" — that is, all the 
wages, salaries, dividends 
and profits earned in produ- 
cing the national output. 


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Theoretically, the "in- 
come" measure of GDP 
should equal the "product" 
measure. But in recent years, 
income has been running well 
ahead of product, suggesting 
a higher productivity growth 
rate than government statist- 
icians accept as accurate. The 
productivity enthusiasts had 
hoped the* revision would 
close that gap by raising the 

{ iroduct calculation to the 
evel of income. That did not 
happen. 

Still, Mr. Greenspan em- 
braces the income approach. 
Basing his decision on re- 
search by two Federal Re- 
serve economists, he has de- 


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cided that the more accurate 
measure of national pro- 
ductivity is really contained 
in a subset of the overall stat- 
istic. The overall statistic cov- 
ers all three private sectors: 
financial, corporate and non- 
corporate. 

Mr. Greenspan’s new fa- 
vorite measure covers only 
the corporate sector, leaving 
out the two others, which he 
considers harder to measure. 

While the overall pro- 
ductivity statistic shows just 
under 1 percent annual 
growth in the 1990s. the cor- 
porate sector has averaged 1 .5 
percent, surging to more than 
2.5 percent' in the last 24 


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months. While “product” is 
used to calculate output for 
overall productivity, the high- 
er “income" calculation de- 
termines corporate productiv- 
ity. 

The difference in these two 
measurements, the Fed said in 
a just-released report signed 
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To which Mr. Roach of 
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“What Mr. Greenspan is do- 
ing is taking apart the national 
trend and finding a piece of it 
that fits his story." 


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Bavarian Has Warning About Euro 

FRANKFURT (Bloomberg! — Edmund Stoiber, premier 
of the German state of Bavaria, said it would be better to delay 
Europe's planned common currency by three years than to 
interpret the entry criteria flexibly. 

“If the criteria aren't met, then the logical step is to talk 
about a delay," Mr. Stoiber, a member of Germany’s gov- 
erning coalition, said in an interview with the television 
station N-TV. 

To meet the currency union, nations must keep their budget 
deficits at 3 percent of gross domestic product or less. The 
German government insists it will be able to trim its deficit to 
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will probably be higher. 

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opinion, not enough." 

Airbus Reports Orders for 80 Planes 

PARIS (Bloomberg) — Airbus Industrie said it won firm 
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1996. 

The SO aircraft are worth around $8 billion, compared with 
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of 1996. 

Western German Indicators Rise 

FRANKFURT (Bloomberg 1 } — The Han dels blatt news- 
paper said that its index of leading economic indicators for 
Western Germany rose 2.3 percent in August, as manu- 
facturing and construction activity gathered pace. 

Handelsblatt said its economic barometer was up 0.1 per- 
centage point from July and above the low -point of 0.5 percent 
reached in August 1996. 

"The slight increase in the indicator was dominated once 
again by a positive mood in industrial production,” the 
newspaper said in an advance release of a report in Monday’s 
edition. 

ITT Sells 50% of Las Vegas Casino 

NEW YORK (Bloomberg) — ITT Corp. agreed ro sell 50 
percent of its Desert Inn casino in Las Vegas to the financier 
Marvin Davis for $200 million in cash and assumed debt, as 
part of its strategy to thwart a $10.5 billion hostile takeover bid 
by Hilt on Hotels Corp. 

ITT. which put the casino up for sale shortly after Hilton 
announced its bid in January, said that Mr. Davis would pay 
Si 50 million in cash and assume half of a $100 million debt 
of ferin g to be issued by the partnership. 

ITT, which owns the Caesars World casinos and the 
Sheraton hotel chain, said it would receive all the proceeds of 
the debt offering. 

Olivetti’s PC Unit Was Overvalued 

IVREA, Italy (Bloomberg) — Olivetti SpA, the Italian 
information technology and office products company, an- 
nounced that it would make less on the sale of its loss-making 
personal computer unit than previously expected, after a due 
diligence review reduced the value. 

In March, Olivetti sold its personal computer operations to 
Piedmont International Inc., an investment vehicle created by 
Edward Gottesman, the London-based U.S. investor. Olivetti 
estimated at the time that it would make a gain of 250 billion 
lire ($140 million) on the sale. 

The announcement came two days after Olivetti said rev- 
enue in the First half of the year fell 10 percent, to 3.1 trillion 
lire. On Friday, Olivetti shares fell 5 percent to 641 lire. 


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PAGE 13 




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PAGE 16 


INTERNATIONAL HERALD TRIBUNE, MONDAY, AUGUST 4, 1997 . 


SPORTS 



Tough Calls for Ryder Captains 

Kite and Ballesteros Must Choose Players to Complete Teams 



By Leonard Shapiro 

WtisJungjixr Post Swiff 


•<?* 

.4 

■ # . / -v ./ f % ; # J: ■ v , m . • • s m - - #1 — » A- 

Gianfranco Zola of Chelsea, right, chasing the ball 

Sweet Charity Missing as United Wins 


Nril Nunm/Lp-nr*- hnwi-l^w 

tog the ball as Manchester United's Gary Pailister tried to tackle. 


Coafnlid hf Ow SuffFnm Oapaxhn 

Manchester United won the first 
trophy of the English season when it 
beat Chelsea, 4-2, on penalties in the 
Charity Shield after a hotly contested 
and often ill-tempered match finished 1- 
1 at Wembley on Sunday. 

Both goals in the traditional curtain- 
raiser between the reigning league 
champions and the FA Cup holders were 
headers from comers. 

Mark Hughes, a former United play- 
er. was left unmarked as he scored from 
close range in the 52d minute. Five 
minutes Later, Ronnie John sen rose 
above Chelsea's defense to meet Ryan 
Giggs’ comer with a powerful down- 
ward header. 

In the penalty shoot-out, Peter 
SchmeicbeL, the United goalkeeper, 
saved Frank Sinclair's kick, and then 
Chelsea's Roberto Di Matteo fired his 
penalty over the crossbar. 

Four players were shown yellow 
cards. Ruud Gullit, the Chelsea man- 
ager. said the match was a “festival of 
tod passes, bad mistakes." 

Germany Bomssia Dortmund, the 


European champion, began its season 
Sunday with a 1-1 draw against newly 
promoted Hertha in Berlin. 

Lars Ricken put Dortmund ahead in 

Soccti Roundup 

the 26th minute but Ante Covic equal- 
ized for Hertha. 

In Sunday's other game. Hasan Sa- 
lih ami dzic scored in the 90th minute to 
give Hamburg a 2-2 home draw against 
Borussia Monchengladbach. 

Bayern Munich, the Bundesliga 
champion, lost its opening game to an- 
other promoted team, Kaiserslautern, in 
front of a sellout crowd in Munich on 
Saturday. An 80th-minute goal by Mi- 
chael Schjonberg of Denmark gave 
Kaiserslautern a 1-0 victory. 

Scotland Celtic opened the season 
by losing!- 1 to Hibernian on Sunday. 

ChicChantiey earned Hibs its mat 
victory over the Glasgow team in 2i 
matches when he picked up a loose pass 
from Henrik Laisson to drill home a 
fierce shot from just outside the penalty 
box in the 75th minute. 


Celtic, playing its first Premier league 
match under former Feyenoord coach 
Wim Jansen, fell behind in the 24th 
minute to a goal by Lee Power. Milky 
Mackay headed an equalizer five 
minutes later, but Celtic was frequently 
second best to a spirited Hibs team. 

France Laurent Blanc marked his 
return to the French league with two 
goals in six minutes as Marseille came 
from behind to beat Le Havre, 3-1, on 
Saturday. 

Blanc, a defender who played last 
season for Barcelona, equalized Chris- 
topbe Horlaville’s 25th - min ute opener 
for Le Havre with a penalty six minutes 
into die second half after striker Xavier 
Gravelaine was brought down. 

Blanc then put Marseille ahead in the 
56tb minute direct from a free kick, and 
Gravelaine made it 3-1 with a fine shot 
from outside the box on the hour. 

Paris St.-Germain’s new recruit, 
Florian Maurice, scored the first goal in 
a 2-0 home victory over promoted 1 Chat- 
eauroux. 

Monaco, the champion, lost 1-1 at 
Boideaux on Friday. ( AFP. AP. Reuters) 


With time running out for players to 
earn their way on to the U.S. and Euro- 
pean Ryder Cup teams, it appears al- 
most inevitable that both captains will 
face difficult choices in picking two 
wild-card players each to round out their 
1 2-man teams. 

If foe U.S. team for foe SepL 26-28 
competition at Vaidexrama Golf Club in 
Sotogrande, Spain, were based on cur- 
rent standings, for example, neither 
Corey Pavin nor Fred Couples, both 
stalwarts on recent teams, would be 
automatic qualifiers. On foe European 
side, Nick Faldo, who has played on the 
past 10 teams, and the British 
runner-up Jesper Pamevik of Swc 
now fourth in earnings on foe PGA 
Tour, would not qualify. 

Neither the U.S. captain, Tom Kite, 
nor Europe's Seve Ballesteros will say 
who they will pick, preferring to see 
-how the first 10 shake out- The U.S. race 
will end in two weeks at foe PGA Cham- 
pionship at Winged Foot in Mamaro- 
neck. New York; the Europeans can 
accumulate points through Aug. 31. It 
now appears both teams will be loaded 
with Ryder Cup rookies — as many as 
10 first-timers overall, foe most since 
these bi-annual matches began getting 
competitive in 1983. 

The United States won that year, but 
not until Tom Watson clinched a one- 
point victory with his triumph in the 
final singles match. It was foe closest 
U.S. victory since 1953. and in 1985. 
Europe won for foe first time in 28 years. 
In the five matches since, the teams are 
2-2-1. including Europe’s victory at 
Oak Hill Country Club in Rochester, 
New York, in 1995. 

At foe moment, five of foe United 
States’ top 10 have never played in the 
Ryder Cup. That would include the 
leading point man and Masters cham- 
pion, Tiger Woods; foe British Open 
champion, Justin Leonard; Jim Furyk; 
Scott Hoch, and Tommy Tolies. Other 
top 10s, all with Ryder Cup experience, 
include Tom Lehman, Mark O’Meara. 
Brad Faxon. Phil Mickelson and Davis 
Love IIL 

Newcomers on foe European team, if 
the current rankings hold, would be Dar- 
ren Clarke, Lee Westwood, Per-Ulrik 
Johansson, Thomas Bjorn and Manuel 
Angel Martin. Cup veterans include 
Colin Montgomerie, Ian Woosnam, 
Bernhard Laager. Gostantino Rocca and 
Jose Maria Olazabal. 

Both captains have tough choices 
ahead. Pavin has had an abysmal season 
after changing his swing and his dubs 


and is now 36fo in the standings. He has 
played on foe past three teams, has an 8- 
5 record, including 2-1 in singles, and 
has a reputation as a gritty match player. 
But he is playing so badly that Kite 
would be hard-pressed to choose him. 

Couples, a captain's choice in 1995, 
has been mostly inactive this year, with 
only 1 1 tournaments. He has had back 
problems, broken up with a longtime 
girlfriend and has taken a lot of time off 
to be with his father, Tom, who has 
leukemia. 

Still, he is' 16fo in points, played well 
enough to finish tied for seventh at the 
British Open last month and is always 
formidable in match play. Couples won 
foe clinching point in the 1996 Pres- 
idents Cup last fall. 

One of the more intriguing possib- 
ilities would be foe selection of Watson, 
47, who is 17tb in points. Despite bis 
problems with putting wi thin three feet, 
Watson is Hitting the ball longer and 
straighter than at any time in his career. 
He also captained foe winning 1993 
team Kite played on, and foe rwo are 
longtime mends. Watson’s 10-4-1 ca- 
reer record also may appeal to Kite, 


especially with all foe kids on his team. 

Ballesteros has hinted that if Faldo 
does not make his ream on poults, he • 
may not choose him. Playing mostly on 
foe U.S. tour foe past three years, Faldo 
is now 20th on foe European list. More . 
significantly, he hasn’t played well m 
recent months and is only 41st on the 
PGA Tour money list A victory or a 
high finish by Faldo at the PGA cer- • 
tainly would help Ballesteros make up 
his mind. * 

"Confidence is everything, Balles- 
teros said at foe British Open. 1 ‘Give me 
a rookie playing really well over an ■ 
experienced player who’s trying to find 

his game." ... 

That almost certainly would have to 
mean that Pamevik will be one of 
Ballesteros's choices, even if the Swede 
does play full time ou the U.S. tour. He 
has been one of foe most consistent 
players in the world this year, despite his 
final round fold at Royal Troon to finish 
tied for second. 

Then again, if Olazabal falls out of foe 
top 10 ana Ballesteros decides to choose 
Faldo as a wild card, Pamevik could be 
the odd man oul 


v 1 


Haeggman Wins in Sweden 


The Associated Press 

MALMO, Sweden — A former 
Ryder Cup player, Joakim Haeggman 
of Sweden, ended a three-year winless 
drought Sunday by capturing the S1.2 
million Scandinavian Masters by four 
shots. 

Haeggman closed with a 3-under- 
par 69 after a brilliant birdie oq foe 
18fo where he nearly eagled his ap- 
proach shot from a tough lie between 
foe trees. He finished with a 72-hole 
total of 270. 18 under par. 

Ignacio Garrido of Spain placed 
second after a final-round 67. Mats 
Hal I berg, another Swede, pleased foe 
gallery of 30,000 by sharing third at 
275 with a former champion, Peter 
Baker of England. HalTberg shot a 68 
on Sunday and Baker carded a 70. 

4 T played very well on the front, but 
then lost 'my concentration a little bit,” 
Haeggman said. He suggested that he 
perhaps got a little overconfident near- 
ing the end. "I had such a big lead, but 
on foe 18th I asked ray caddie to check 
the leaderboaid,” he said. 

Haeggman. 27, who led by four 
shots after tying foe course record 
with a 65 Saturday, was never chal- 
lenged in foe final round although 
Ganido managed to cut foe lead to 


three strokes at one stage on foe back- 
nine. 

Haeggman became the first Swede 
to play in the Ryder Cup in 1 993 when 
he beat John Cook of the United States 
in his singles match at foe Belfry in 
England. 

The victory Sunday, worth $200,- 
000, bolstered Haeggman 's chances 
of again making Europe's team. "But 
I'll probably need to win one more to 
be sure," he said. 

• Phil Mickelson carded six birdies 
in a bogey-free round to hold off Skip 
Kendall and maintain his lead Sat- 
urday in foe weather-delayed Sprint 
International toumameuL in Castle 
Rock, Colorado. 

Mickelson had a 54-hole total of 39 
points under foe modified Stableford 
scoring system, setting a tournament 
scoring record for the second straight 
day. John Daly set the previous three- 
round record of 31 in 1992. 

Kendall finished at 34, and Stuart 
Appleby bad 32 points. Jay Haas was 
next at 29, followed by Dudley Hart at 
28. Nick Price was in a group at 27. 

The scoring system awards 5 points 
for an eagle, 2 for birdie, 0 for par, 
minus-1 for bogey and minus-3 for 
double bogey or worse. 


Scoreboard 


BASEBALL 


Major League Etxnwhqs 

MUnUJI LXAOUZ 

EASTomatON 

W L m OB 
Baltimore 68 39 £3A - 

New York 62 45 £79 6 

Taranto 51 56 477 17 

Boston 52 58 J73 17*4 

Detroit 50 57 ,467 18 

cafTHAL mvwicw 

56 48 .538 — 

54 53 JOS 3W 

53 55 491 5 


Cleveland 
MQwautee 
Chicago 
Minnesota 
Kansas City 

Anaheim 

Seattle 

Texas 

Oakland 


49 

S9 

454 

9 

45 

61 

225 

12 

WESTDIUTSTON 



62 

48 

264 

_ 

61 

48 

260 

a 

50 

58 

463 

ii 

43 

» 

284 

19 


MATIOKAl LUOUI 

EAST DtVmON 



W 

L 

Pet 

GB 

Atlanta 

70 

41 

231 



Florida 

62 

46 

-574 

&A 

New York 

61 

47 

-565 

7’S 

Montreal 

56 

52 

219 

12V, 

Pitiadelptita 

34 

73 

209 

34 

CENTO AL WVTSION 



Houston 

60 

50 

-545 

— 

PBtabuigh 

54 

56 

491 

6 

St. Lout* 

52 

57 

Ml 


Cincinnati 

46 

61 

■430 

12ta 

Chicago 

44 

67 

296 

16V4 


WEST DIVISION 



Los Angeles 

6a 

50 

245 

— 

San Frandsca 

60 

50 

MS 

— 

San Diego 

53 

57 

M2 

7 

Cotorodo 

53 

59 

MB 

Bv, 

FWDAY'l LMKSCOHS 


AMERICAN LSACUE 



Teraata 

120 

003 001—7 

ii o 

Detrott 

DTD 400 000—5 

)0 0 

Herd gen. Plesoc (8), 

Escobar (9> 

and 


OBnwt Moehtef, Micefi 16). M. Myers (8), 
BrocaJl (8) and Casonova. Wat beck (6). 
W— Henfgen. 11-7. L-Micefi, 2-2. 

Sv — Escobar ftj. HK&— Toronto. Nixon [11. 
Carter (14). Cruz Jr (131. A-Gomotez OU. 
Detroit. Ta.Ctark (26). Casanova IS). 
Minnesota BOO 001 001-3 33 1 

He* York 000 S03 Klx— 8 14 1 

Robertson TraMfller 15). Ritchie (8) and 
Statnbach, G -Myers (8); Peltate. Mear (0) 
and GironJL W-Pelfrtte, 13-6. L— Robertson, 
7-9. HRs — Minnesota, Knoblauch {71. 

SMnbach CTO. 

Seattle DM 000 030-3 4 0 

Milwaukee 061 010 OQX-B 14 1 

Wolcott Lira (2). 5po%roc (6). Tmtfel (7). 
Ayala (8] raid DaWOswu Eldrefl, Hansen 
(8), VJOonr 18). AUswoca J9) and Levis. 
W— Eldred, 11-10. L— Wolcott 5-5. 


HRs— Seattle. A. Rodriguez (16). Milwaukee. 
Bumitz 117). 

Gewtand II 0 107 022-8 15 7 

Tens 003 002 100-5 10 3 

Jr.WrtQht Mesa (7), Asserunadter IS) and 
S. Alomar; D-Gfiver, Gunderson (8). X 
Hernandez (8), Vosberg (Si and Leyritz. 
W— Mesa, 2-4. L— Gunderson, 2-1. 

Sv— Assenmacher CD. HRs— Cleveland. 
TJFemratdez 16), Ramirez (14), MaWDUoras 
2 125). Thame (281. Texas, Greer 071. 
Chicago 000 001 000-1 8 2 

Anaheim 301 203 00*-9 B 0 

Eyre. Levine IS), Cnn IB and Penis 
Watson. Cadoret (9) and Kreator. 
W— Watson. 9-6. L— Eyre, 0-1. 

HR— Anaheim. Erstod (11). 

BaUlnm 000 m 609-1 t 1 

Oakland 000 001 001-2 5 1 

Erickson. Orosco (9) and Webster; Rigby, 
Mahler (8). TJJWattmm (B and Mayne. 
W— TJAiaffiemk 1-0. L-Orwav 3-1 
HR— Bcttimore. Betraa (21). 

Boston 203 3QQ 200-10 15 1 

Kansas City 111 010 000-3 7 1 

Avery. Brandenburg (6), Wasrfln (8) and 
Batten berg, MdCeel (9); Rosado ML Perez 
(4), Caston (6). Otson (7). J- Montgomery 19) 
and MLSweeney. W— Avery, 5-2. L— Rosado, 
7-8. HRs— Boston. Gandapama (IBI, M. 
Vaughn (25). Stanley (13). 

NATIONAL LEAGUE 

Los Angelos 034 212 000-13 20 0 

Chicago 001 220 211—9 14 1 

Norm, Osuna (7). Hall (9) and Piazza 
Prince (71; -le-Gonzdez, Tetanacn (3), R. 
Tatis (J), Wendell (51. T. Adams (7), 
Batten field (91 and Houston. W-Nomo, 10-8. 
L— Je.GwuateL 7-5. HRs — LA- W .Guerrero 

(4) . Zeile 122). Chicago GkmviJle (3). McRae 
(SI. Sosa (22). Orfe (S). Sandberg {41. 

San Diego 032 110 100-8 16 0 

Montreal 000 020 000-2 4 0 

J-HamHton and Flaherty; Bulllnger. 
FaffeKefc (31. DaHarf (61. 1/rWna (9) and 
Widger. W— J. Hamilton, 9-3. L— Biifinger, 
6-11. HR— Montreal. Strange 16). 

SL Loots 000 010 000— t 9 1 

PbtknWpWn 002 000 20*— i 7 0 
AreBencs. King (8) and DitaUcrs 
Stephenson, Bottafico (9i. and Parent. 

W— Stephenson. 5-5. I AruBcnrs, 7-6. 

Sv — Battakco (20t. 

San Francisco 000 223 010-8 11 0 

Gnamill 002 003 020-7 7 0 

Alvarez. Tavcrez (7). Rj-femondez (81, 
Beck (9) and B. Johnson; Merck cr, SoBrvan 

(5) . Rem linger (61. Belinda (7). Shaw (9) and 
J.Ottver, Toubcnsee (7). w— Alvarez, l-OL 
L— Merckei, 7-ft 5v— Bock (33). HRs — Cin„ 
R-Sandcrs H0), W. Greene (161. 

Atlanta 000 000 >20 >00-2 i 0 

Florida 000 100 010 001-3 10 2 

G-MotJdirx, C. For IS), Emtwo IS), 
Wohlers (8). Bfctadu (10). Coiner (12) and 
Edd. Perez; KJ. Brown, Net? (U), Slander (10), 
F.Hcrerfia (1 1). Pawed (11) and C Johnson. 
W—Powcil 2-2. L —Cottier, 0-2 
HR— Florida. Sheffield 113). 


Colorado 101 121 001-7 10 0 

Pittsburgh 032 NO 100-4 13 I 

Thomson M. Munoz (7), SJieed (7). 
Dipato (9) and Manwaring, Lociza P. 
Wagner (5), M.WRklns (8), Rincon (9) and 
Kendall. W— S. Reed. 3-4. L— Rlncarv 4-5. 
Sv— Oipota (3). HRs— Colorado, L Walker 2 
02). Pittsburgh. K.Younfl (16). 

NOW York 010 000 012 4-8 11 2 

Houston 000 nt 021 1-5 10 I 

MlfcH, McMkhaei (8), J. Franco (9), Lrdle 
(10) aid Hundley; R-Garda. B. Wagner (8), 
Mognonte (9). Lima (10). J Cabrera (10) and 
Aiwmus. W— J. Francs. 3-), L— Lima. 1-5. 
HRs — New York. Hardttw (1). Hairston. 
Biggla (15). 

uanDkrsiMucous 

AMERICAN LEAGUE 

Boston 200 801 000-3 9 2 

Kansas City 022 050 ltot-10 13 1 

Sete, Brandenburg (31. B-Henry 15), Lacy 

(6) , Mahay <W and Stanley, McKee) (Bit 

Belcher. Whisenant (7), Carrasco (9) and 
Madartane. W-Bekhw. 11-9. L-Seta 10-ft 
HRs— Kansas City. C Davis (17), Palmer 2 
(16), Y. Benitez (3), Macfatane 15). 
Minnesota 110 001 200-5 6 0 

New York 000 020 011-4 9 0 

Bowen. Swindell 15). Aguilera (9) and 
Steinbadu Cone. Nelson (81. Stanton (91 and 
Glrardi. W-SwinrWL 7-1 L-Cane. 11-5. 
Sv— Aguilera (20). HRs— Minnesota. MoBor 

(7) , Stolwvta* (8), Becker I®. New Yert, 
Be-WitTmiw (11). 

BaHmore 002 202 124-13 14 2 

Oaktond 300 000 000-3 8 2 

Mussina Orosco IS), Mills 19) and Holler 
CReyes, D Johnson (4). H ought (6), Groom 
(7), AJtmaU (9) and Moyne, Molina (9). 
W— Mussina. I2J. L-C Reyes 3-3. 
HRs — Baltimore, By Anderson (111. Halles 
(10). Bardich (41. 

Toronto 000 320 110—7 15 1 

Detroit 000 102 41»-8 13 2 

Omens. Goal (71, Oucnfrill (7), Ptesac (8) 
and DBricn; Dtshmon. Jarvis (51. MXIvers 
(7). Brocail (8), To Janes (9) and Casanova 
W— BrocaL 3-4. L— GuantrilL 4-4. 
Sv— To Jones (2Qi. HRs— Toronto. Carter 
ti5i, Sprague (TO, A. Gonzalez (121. Detroit, 
Fryman (15). 

Seolflg 330 205 010— 14 15 3 

Milwcukru 000 002 020— 412 0 

Fosscra, Charlton ir, B. Wells (Bi. Stoeumb 
(9) and MainiKt Woodard. Hansell 13). 
Msuroca (6) and Mattreny. W— Fassero. 10- 
6. L— Woodard. 1-1. HRs— Seattle. Griffin Jr 
{331, E. Martinez (181. Sorrento (21). Dttey 
(21. RDcvh, n5J. Milwaukee. Bumitz (18). 
Oevohnd 020 013 100-7 1! I 

Texas 020 100 000-3 6 1 

Smiley, a. Lopez (B3. KUoctaon (9) and S 
Alomar; Wirt. Whiteside (7) end I Rodriguez 
W -Smiley, 1-0 L-WiH. t0 7 
HRs— Cleveland. Thame (29). 5. Alomar 
(14;. Texas. Ju Gonzalez (23). r. Tafts Ql 
Chicago 0« Oil 000-2 S 0 

Aaafwiat oso OM oar — s S 3 

C. Clemons. Mcelroy (3). C-Cost Wo (7) and 


Fflbregos; DJSpringer, Paavd (9) and 
TdGroeiie. W— D. Springer, 7-4. L— C 
Clemons. ©■?. Sv—Padml (IS). 
HR— Anaheim, G. Anderson 15). 

NATIONAL LEAGUE 

San Fraatisoo 001 001 000-1 2 0 

Oncipafi 010 T02 lOx— 5 |0 T 

Gardner; D. Henry (6), R. Rodriguez (8) and 
a Johnson Tomka Shaw (8) and 
Taubensee. W— Tomka 6-3. L— Gardner; 1 1- 
1 HRs— San Frandsca Bon* (28). 
Clndimatl, W. Greene n7], R-Sanders (11), 
Taubensee (8). 

New York >00 000 000-0 3 1 

Houston 104 000 Clx-4 10 0 

BJJones, Crawford (5), Aoeveda (7), 

Kashiwada (8) and Prato Hampton and 
Ausmus W— Hampton 9-7. L— 8. J Jones. 
12-7. HR-Houstan, Bogvmfl (29). 

SL Lards ON 002 000-2 B 0 

PtiiknMpbta ON IN 000—1 7 0 

Sfofftemyre, Ectersiey (9) and OdWIce 
Beech, Brewa (7), Games IB) and 
Lieberthal. W-5tahtemyre, 11-7. L-Beedv 
0-7. Sv— Eckersley (27). 

Colorado IN M0 040-5 13 2 

Pittsburgh 010 050 00x-4 5 2 

Swift, Leskanic <51, Hutton (71, Holmes (8) 
«id JeJZeeA Monwnring (81; F. Cordova M. 
WBUns (8), Christiansen (B). Sodowsicy (8), 
Locsefle (9) and Kendall W—F. Cordova 8-6. 
L— Swift 4-5. Sv— LaheMe (17). 

HRs— Cotornda L. walker P3), Helton n). 
Lu Angeles IN ON 000-1 10 0 

Chicago at in ns— S n 0 

Candntft Guthrie t3), Osuna 14), Dieitori 
17). Rodirjslir 16) and Plan a- Tapani 
T Adams [71. BottenfWd (8), Rom (9) and 
Servo is. W— TopanL 2-1. L— Canrfatft 7-4. 
HRs— Chkaga Sandberg 2 (8). 

San Diego 0M 0M 000-0 S I 

Montreal ON 230 10x-4 8 0 

P .Smith. Curmane (51. DnJackscm (6). 
Bachfler (7). Bruske iBl and Flaherty: 
CJ’e rez ond Fletcher. W— C Perez. 11-6. 
L-P. Smith. 4-1 HRs— Montreal RWhife 
(18). Segul III). 

Atlanta 010 >10 101—4 4 0 

Halida ON ON 020-2 7 1 

Ncagle C. Fa* iBl. Wohlers [91 and J. 
Lopes AXcitot F. Heredia (B). StanHer (8j. 
CoaM9i,Non(9)andC Johnson. W—Necgfe 
15-2. L-A. L tiler, 8-7. Sv-Wohtere (26J. 
HR— Aitorta J. Lopez (17). 

Japanese Leagues 
mhtwai.ua am 


Setbu ' 46 39 2 341 3 S 

Oriel 45 42 — 317 S3 

Nippon Ham 43 46 1 J83 8J 

Latte 35 45 2 438 12.0 

Kintetsu 38 49 2 437 12^ 

unnuff'iHsuin 

CENTRAL LEAGUE 
Yakut! II. ChunicW 1 
Hanshln 13, YomhjriJ 
Yokohama & Hiroshima 5 

PACTIC LEAGUE 
Lotte9. Seibu 8 
Oit* 3. Khrietsu 0 
Nippon Ham 4. OaM 7 

SUNDAY'S RESULTS 
CENTRAL LEAGUE 
ChunkJii 8 Yrrirott S 
Yokohama 7, Hiroshima 0 
Yomluriri. Hanshin 2 

PAOF1C LEAGUE 
On*i Kintetsu 7 
Seibu 5. Lotto T 
Nippon Ham 9, Daiel 1. 


FOOTBALL 


NFL Pbeseasow 

Green Bay 7. New England 3 
Detroit 21 Atlanta 17 
ImSanopote 2ft CndnnaO 16 
Washington ML Tampa Bay 8 
Minnesota 24, St. Louis 6 
New Orleans 21. Tennessee 12 
N.Y. Jets 3t, PhriodelpMa 17 
N.Y. Giants 21, Baflimore 20 
Pittsburgh 28, Kansas City 14 
Chicago 2a Buffalo I J, OT 
San Diego 2d San Frandsca 13 
Seattle 34, Arizona 6. 

CFL Standings 


KAnWI MVMIOM 


L TPF 
i a io 
3 0 6 

5 0 2 

5 0? 


PAPts. 
188 113 
120 181 
IN 170 
140 183 

181 139 
164 146 
137 148 
150 130 



W 

L 

T 

Pd. 

GB 

Yakult 

54 

33 

\ 

A21 



Yokohama 

43 

40 

— 

218 

94) 

Hiroshima 

41 

43 

— . 

.488 

112 

Ha rtsftin 

41 

44 

1 

482 

122 

ChunicW 

42 

47 

— 

M3 

13.0 

Yomhin 

37 

SI 

— 

420 

172 


Mcmc LUUHU 




W 

L 

T 

Pet. 

GB 

On* 

46 

32 

2 

J90 

— 


ADVERTISEMENT 


-mm 


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RESULT- 
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EUR0PS-15.\ 


:up'97l 

JOHNNIE ^IVALKER 


Toronto 
Montreal 
Hamilton 
Winnipeg 

WKSTItN 0IVMION 

Edmonton 5 1 0 10 

British Columbia 4 2 0 8 

SaskoiOmmn 3 3 0 6 

Calgary 7 4 0 4 

FRIDAY’S RESULT 
Calgary 41 Winnipeg 22. 


TENNIS 


GROUCH ONI 
IN AUSTEROftM 
MAC 

5)ava DoscdeL Czech Reputrik. deL Corin', 
Moya. Spain (11. 7-6 (7-41, 1* (7-5). 6-7 (7-41. 
6 - 2 . 

seutRNALS 

Slava DosedcL def. Mareeto Ftoppini. 
Uruguay. 7-6 (7-5). 6-2; Catos Moya def. 
Magnus Norman. Swed. (4), 6-4. 6-3 

ouHuumwmonH 

MMONTREAL 

SEHIFMAL5 

Chris Woodruff. UnMed Stales, del. Yrvgo 
rry Kafelnikov (4). Russia. S-T. 7-5. 4-Z Gus- 
tavo Kuorten (6). BrnzL def. Mchoet Chang 
(II. United Stales. 6-3, 6-1. 

OUARTSIFMALS 

Yevgeny hrieWkw. del. Thomas Enqvfcf 
(51. Sweden. 7-S. 6-7 (7-9), 6-1; Chns 
Woodrutt det. Mary Phlllppousis (7). Aus- 
tralia. 6-4, 6-4. Michael Chong, det. Richard 
Kratkek 181. Nedierkmds. 7^K7 Si,*-4 Gus- 
tnvo Kuertea def. F ounce Santoro. France. 6- 
1 7-6 (Be). _ 

DOUBLES 

SEHIFHALS 

Mahcash Btwpathi and Leander Poes, In- 
dia. def. Trevor Kroncmona LU. and David 
MocPhetsoa Austral ta. 7-6 02-10). 7-4 (7-11; 
Seboitten Larea u. Canada, and Aha 0*8 rten. 
U5. det AfeLstadnr Kltfnbv, Macedonia, 
U5. and Jeff Satzcnstcia . 6-3. 6-4. 

QUARTERFINALS 

Ataksanda; Kaurov, and Jcfi Sotzcnsicm. 
def Yevgeny Kafehutav. Russia and Daniel 
Voce*. Czech Rep Write (II. 6-3. 6-2: Trevor 
Kronemana and David MocPhcnoa A us 
traSa def. Marti PtUfippcusis and Palrtcfc 
Rotten AustraBa 16). 4-A 6-3 6-4 
Mahcsh Bhupattu and Leander Pan. def. 
jDCCftn Rotnchaud. Canada, and Tommy 
Haas. Germany. 6-3 6-4. Sefaasllcn Lomu, 
om) Alex O'Brien. 13L def. Sargis Smgsian. 
Armtnta and Neville Godwin. Sourth Africa, 
6-3 S-T. 6-4. 

woauH 

TOSHIBA CLAMC 

M CARLSBAD. CAL tFORNlA 
SUIVINAIS 

Martina Hrogrt (11. Swttzertand. det. Mary 

PiertE (61. Fiance. 6-36-2- MimtcoSeies t?l. 

Untied States, del. Amanda Cuctrer. (3) 
South Africa, 6J.6A. 

CrtlUTERFINALS 

Amanda Coeftw. dH. YByu» BtnuU In. 


(tones to- 6-3 6-4; Monka Setes, def. Natauba 
Zbereva, Belarus. 6-1, 6-3- Martina Hingis, 
def. Cancftita Martinet (7). Saota 6-4 6-4 
Mary Pierce (61, France, del Sandrirre Tes- 
lad, France. 6-3 6-2. 

DOUBLES 

SEMIFINALS 

Martina Hingis. Swttzertand and Arantxa 
Sanchez Vtooria (2). Spain, def. Katrina 
Adams and Debbie Gtnhaia US. 6-4 63- 
Amy Frazier and Kim Petty Pa, US- def. 
Nattulle ToaziaV France, and Linda Wid, 
U.S. 63 6-3. 

QUARTERFINALS 

Amy Frazier and Kimberly Pa def. Con- 
ch ita Martinez. Spain, and PatrWa TarabtnL 
Argentina 7-5, 7-S" 

Katrina Adorns and Debbie Graham, def. 
Larisa Nelkmd, Latvia and Helena Sukava 
(4), Czech Repubfic. 63 6-3. 

STYBIAOMM 

MARIA lAMKOWITZ. AUSTRIA 
FWAL 

Barbara Scheft Austria (SI. del. Henrtefa 
Nagyava StovaMa (6), 3-d 6-1 63 
SElRFtNALS 

Henrteta Nagyava, def. Mefee Babel, Ger- 
many. 6-1. 7-6 (7-S)i Barbara Schett del Maria 
Antonia SanchezLorenro, Span. 6-4, 5-1. 

QUARTERFINALS 

SartKTO Schett def. Judith Wlesner (3). 
Austria 3-d 7-5, 64t Henrteta Nagyava del 
Potty Schnytter <4L Switzerland; o-d 6-4 6-1 

Metre Babel def. Gala Lean-Garcta, 
Spala 63 61; Maria Sanchez -Lorenzo, def. 
Barbara Pa ulus. Austria watkura. 


Scawpiw Avi am Open 

Leedng scam Sunday after ihe final 
round at the Scandinavian Open, ployed on 
the 7-am-yarf. par-72 Barsetuch Gail end 
Country Club cauroe in Mahna, Sweden; 

J. Haeggman. Sweden 67-49-45-69-27D 
Ignado Garrida Spam 67 69 71 67-274 
Peter Baker, England 7066*9 70-275 
Mate HaBberg, Sweden 72 68 67 68-775 
Mark Mauland Wales 68 72 6769-276 
Pod ram Harrington. Ire. 6* 71 72 *8-277 
Jom R ivera Spain 667670 71-277 

Colin Momgoroeric. Sro. 72 7169 66-778 
Roger Chapman England 7269 7166-278 
Mite Tuimkm England *8 68 74 68-278 
Miguel- Jimenez.- Spa. 71 n 69 68-279 
David attord. England 70 7366 76-279 
Stephen Allan. Australia 72 67 6a 74-279 
Daniel Citopra Sweden 71 7i 7266 - 260 
Cordon J. Brand. England 70 73 70 67-280 


mOUSH CHARITY MULD 

Choteea I. Manchester United 1 
Manchester United won 4-2 an p enables 
ranicH puMm divhiom 
Paris St Germain 2 Chateau roar 0 
Nantes a Bastta I 
Marscitte 3 Le Havre I 
Colngomp 3 Cannes I 
Lyon 0, Metz 1 
Lens 3 AinencO 
Montpeflter I. Strasbourg I 
Toulouse I. Rennes 0 
Bonteouv I, Monaco 0 

(HRMAN ITONMSltOA 
Kartsruhe 1 Warder Bremen I 
Bochum l. Armtnla Btetofctd 0 
Cologne 3 Dirisb mg 2 
Honsa Rostock 0, Wolfsburg I 
Bayern Munkiia Kotacrotautom J 
VIS Slultgan 1. 1860 Munich I 
Wrote* 2. Bayer Leverkusen I 
Hertha Berlin 1. Barussla Dortmund 1 
Hamburg 5V2. Monttiengkidiroch 7 
«°m*H PHIMIER PtVTSKm 
Aberdeen 0, KilmamechO 
DunfemiBnc 0. MatherwcM 2 
Si Johnstone j. Dundee United J 
Hibernian 1 Conic I 

MAJOR LUOUI SOCCER 
Cotorodo 3 Washington D.C. 2 
Kansas City 2 Dallas t 
Calumbir. 3 Los Angeles 1 
STAMBMasiEastom Commence OX. 36 
Tampa Bay JQ; New Enqtand 23 Columbin 
2. ***torn Confenma Kansas 

City 35. Dallas 3£e Colorado W. Las Anqete 
73 San Jose 17. 


TRACK & FIELD 


World Championships 


TOO MITER 

FINAL 

1. Maurice Greene, UJi. 9JB6e 2. Donovan 
Bailer. Canada. 9.9 If 3 Tim Mantywnery, 
UJS* 994 4 Frankie Fredericks, Namibia 
955; & Alo Boldan. Trinidad. 1 0.02; 6 David- 
son Ezkiwa, Nigeria 10.Uk 7, Bniny Suria 
Canada 10.11- ft Mike Marsh. UJS^ 10J29 
SEMIFINAL. 

HEAT 1— 1. Ala Boldon. 10.0ft 3 Dovidson 
Ezfaiwa iai5,-3Mfte Marsh 1021,-4 flrony 
Suria 1022; & Agete Pavtokakis. Greece 
102ft 6, Obadete Thompsaa Barijados. 
102ft 7, Emmanuel Tuffour, Ghana 1020: ft 
DvrenCampbeft Britain. 1027. 
heat b— i. Maurice Greene 9.9ft 2; Dono- 
van Bailey. 9.91; 3 Frankie Fredericks. 9.93; 
4 Ten Montgomery. 10 M S Eric Nkansah, 
Ghana 10.1ft 6, Fmnds Obikwelu. Nigeria 
102ft 7, Sayan Cooper, Liberia l(L3ft ft 
Nobuharu Asaharo. Japan. 1023. 

MO MITER —M B 
SEMIFINALS 

heat i— 1. StephaiK Diogana France 
4ft 14* 2 Ueweiiyn Herbert South Africa 
4821; 3 Samuel Matete Zambia 4844 4 
Mubarak Ai-Nubl Qatar. 48.84 3 Joey 
Woody. U2. 49.14 6 Ian Weakley, Jamaica 
49.9ft 7. Mustopha 5 'dad, Morocco. 50.78; 
Kazuhiko YamazakL Japan, did not finish. 
HEAT 2—1, Ruslan Moshchenfca Russia 
4834 % DtasdrdeMorgon, Jamaica 483ft 3 
Shunji Karvbe Japan. 4831; 4 Pavel 
JanuszewsH Poland. 48.94 3 Derrick Ad- 
kins, US. 48.9ft & Lukas SouceV. Czech Re- 
puWc 49.09; 7. UadAtm Homed, AusfrnBa 
49.11 ft A5hraf Saber. Italy. 

HEAT a— 1, Bryan Bronson. U.S. 4733' Z 
FflbriztoMoa Italy, 48.17; 3 Jiri Muz Ik. Czech 
Republic 4827; 4 Dnsan Kavacs. Hungary. 
484ft ft Kenneth Hamden. Zimbabwe 48.82; 
6, YashlhAa Salto. Japan. 4940; 7. Vadm 
Zodohm Moldova. S0M7. 8. Korean Archer. 
Jamaica. 50.76 

Rnd 2 and 2 fastest town qualify for Aral 

HAMMER 

FINAL 

1, Heinz Wcte. Germany, 81 .78 metres; Z An- 
drei SJamruk. Ukraine 814ft- 3 VosUy 
Siderenho. Russo. B0 .76 , 4 BaiazsKiss. Hun- 
gary. 79.9ft 5. Igor Astapovich Bctaras. 
79.7ft ft Ilya Konovalov. Russia 7B6&- 7. 
Vartan Khenantsev. Russia 7743 8. Aleksei 
Krvkua Ukraine 77.14-9. Korsten Kotos. Ger- 
many. 76.13. 1ft Koo Munriushl, Japan. 
7482, 1 1. Raphael Pkrianti. France 74.08. 

SHOT PUT 
FINAL 

t, Aleksandr Bagach. Ukraine. 21.47 metres; 

2. John Godina. US. 2144 3 Oliver- Sven 
Budcr. Getmony. 2t2* 4 C_l. Hunter. U8. 
2023 5. Yuriy Beionog. Ukraine. 2026. ft 
Mika Hahrati Finland. 20.13; 7. Roman VF 
raszyuk. Ukrolrw. 20.12 B. Kevin Tom. U.S. 
2082- ^ Mkhael Mcrrcns. Germany ; 19.61. 
lft Paolo Dal SoqUo. Ttoty. 19.77; II. Burger 
Lambrectde 5aafh Africa. 19J9; )Z Sou km 
Ktelza, UthuankL 1825. 

29«KM WALK 
FUWU. 

I, DankH Garcta. Medea I hour 21 minutes 
43 seconds; ft MikhaB Shehennikov, Russia 
12153- 3 Mikhail Khmoimlsky- Beiorus. 
122.DI; 4 Yu Guohul China 12257. 5. Li 
Zcwm (China) 12303 ft Evgeni M<syulya 
Botanis. 1 -21lft 7. Mtcbcte DidonL Italy. 
1-23.14 ft Gtavann De Bcnedlcfc. Italy. 
1:2323 9, Hatem Ghoukx Tunisia 1-2329; 
1ft Dank* Plaza Spate 12323, II. Robert 
Ihly, Germany, 124.1ft 12 AXtandeteni Italy, 
12424 

SHOT PVT 
FINAL 

J, AMaandr Baaoch. Ukrakn 2147 metres 
ft John Codlna U.S. 2144 3 Olreer-Svcn 
Budcc. Germany. 71 24- 4 CJJHunlei; U.S. 
70J3- 5. Yuriy Bekmog. Ukrakia 7024 ft 
Mil 1 HatmrL Fadamt 70.13 7. Roman VI- 
rastyuk. Ukraine 70.1ft ft Kevin Toth. US, 
70.0ft 9. Mkhael Mertens. Germany. 17.91; 
1ft Paolo Dal Soofta IHriv. 19.77. II. Buiger 
Lamdrccfrts. Sorrilr Afrfcis 192ft 1i Sauhus 
Kletza Lithuania 18.25 


talUIDUVL IMMJk 
fi n»t test hatch 
. . 5UN0AV. H COLOMBO 
Indin- UJRdccttHea 
Sn Lanka yj.i 


lMMim 

FINAL 

I. Marion Jones. U.S. tom ft Zhanna Pin- 
tnascviefL Ukraine. {083- 3. Sevotheda 
Fynca Bahamas. II CO. 4 Ctahtaw Anna 
Franca 11JH, ft Inner Miner; us. 11.1a.ft 
Mekmie Poschka Germany. 11 lft T. Met- 
teireOttey. Jamaica. II 29. 8 ChiytJc G<teics 
US- 1 127. 


SEHIFHALS - w. 
heat t— I, Zhanna Pintussevidv ll.ito 2. 
Christine Anon 11.13- 3 Mekmie Pcschke, 
1124- 4 Chryste Gabies, 1125; 3 Natalya 
Voronova Russia 1125; 6 Eldece Ckrrtue, 
Bahamas. 1M1: 7, Oilama Ajurwro, Nigeria, 

1 141; & Frederfqire Bangue. France, IT44 
heat a— 1, Marion Jones, l(L942.Mertene 
Ottey, 11.08; 1 SavaNiedo Fynes, 11.11; 4 
Inger MiBer, 11.17; 5, Ekatertnl TIkxhml 
G reece, 1124 ft Me&ida Gatnsfwd- Taylor; 
Austrana 112S 7, Debbie Ferguson Ba- 
hamas. 1129; ft Andrea PhrBpp, Germany, ' 
1140. 

I^OOMim 

BEWFVIALS 

heat 1—1, Olga Netyubova Russia 4 mla ' 
ofes 0447 seconds ft Carta SoOTmwda Por- 
tugal , MUM 1 Regina Jacobs. U2* 45M.97; 
4 Sonia (YSulivan. Ireland. 4KJ521; 3 Anita 
Weymmana Svyfizeriand. 4057U ft Matte 
Zuniga Spain, 4:064ft 7, Malgonafa Rydz. 
Poland. 4d)6.Bft & Kathy Butter. Canada 
4ri)7 4ft- 9, Natalya Ivanova U krahw. 4)029; 
11 Patrida DIate-Ta»ard, Franca 4:1025; 
11. Joanne Pavey, Britain. 4112ft 'ft Cor- 
men Wustenhagea Germany, 415.08. 

4oa mem 

SEUffWALS 

MEAT 1— 1. Jean MUes-emk, U2. 50.05; Z 
Falihrt Ogunkaya Nigeria 5026; 3 Cathy 
Freeman Australia 50.il; 4 Paufine Davta 
Bahamas, 50.77; 5. Lorrane Grofnm Jo- . 
malca 50.90; ft OJga Kattyroma Russia, 
51 Aft 7. Ania Rucker. Germany. 51 94 Dorma 
Fraser, Britain, did not start. 

HEAT 9— I. Sandte Richards, Jamaica 
5021; Z Grit Breuer. Germany, 5023- 3 He- 
lena Fuchsava Czech Republic. SOzSfc 4 . 
Tatyana Alekseyeva Russia 50.93 ft Maicet 
Matane-WaltaKa U.S. 514ft 6. Alban Cur- 
bhhley. Britain. SIMs 7. QlabisJ AtolabL 
Nigeria 5144 ft Kim Graham. U2. 51 24 
Rnd hvr In each heal gwriify for final 
HEPTSTIfLOH 
IDS METER HURDLES 

heats— 1, Nathalie Teppe. France, 1327 
seconds 997 paints; Z Joanne Henry. New 
Zealand. 1411 961 1 inma dopes. Spain, 
1420 93ft 4 Ma Chun-ping, Toman. 1425 
R29; 5. Alhinp Papasotiriau. Greece. 1423 
905-6. TofyortaGonlcyevc. Russia 1453905; 

J. Svellmia Karanma Kazakhstan, 1463 B9| 
Heat 2 1*0.9) 

heat a— I. Peggy Beer. Germony, 1322 
1.077; 2 Eunice Barber, Siena Leone, 1323 
1.046: 3. Tua Hautato. Fmbma 1 3.70 1.021; 4 
Mane Cotton vilki Franca 1370 1.021:5, Ketty 
Bialr. U2„ 13.71 1.020; ft Irina Vosmknva 
Russo. 13.78 1.010:7. Kym Carter, U2. 13.r> 
1.008. 

heat a— I. Sabine Braun, Germany. 13 to 
t.UKV 2 Mono sirtgauf. Germany. 1329 
t.081; 3 Rctagm Nazaravicna utauama 
1332 1.077; 4 Denise Lewis, Britain, 1J-S3 
l.Oift 3 Natalya Saianovicti, Bekwus. 1345 
125ft- a Dcdoo Nathan. U 5- IJLS5 1.041 7. 
Ursula Wtadorezyk. Pofand, IJ55 UM3 i 
Svetlana Maskatets. Russia 1344 1.030. 

HtCM JUMP 

ORoup A— j, Eunice Barber, Sierra Leone, 
>21 metres 991 paints; Z Dedee Nottipa 
U.S. t 81 991; 1 Svctlanaz Mrrekalets. Rui. 
sta, 1.81 991: 4 Nathalie Tcppc. France. I >1 
W U ft M g_Chun.plha Tafwaa Peggy Beer. 
Germany. Tro Hcnrtata. Flnknro. all 1.78 953; 
ft Kelly Bkw. ILS. 1.75 916: 9, lima dopes. 
Spam 1.75 10, Joanne Henry* New 

Zealand. 1.7s 879; ! i, Amina Popsotinou. 
Greece. 1.46 806. 

I. Scbine Braun. Germany. 1 .90 
, :^_ 2 -„ Tb, »* bb Gonteyeva Russta. 1.90 
r. tOft 1 Marie Coftamrfflr Franca 1 24 14179. 
a Inna Vastntava Russia 124 1.029: s. 
Denise Lewis. Bnloia 1.B4 1,029; ft Natalya 
Sraariovrcn. Belarus. 1.84 I.D29; 7. Ursula 
Wodarayft Pofana i.bi 991, * Remigio 
Nazarovcna Ulhirania t 81 991; 9, Svetlana 
Kowmnn. Katathstan. , 8 , p,, ; , a Mang 

UiTrs wr° nV ‘ 1 ll.Krm Carter 

SHOT PUT 

SKKi'as-j^rS 

W: *■ Tiki HoulnL^^ 
719. 7. Peggy Beer. \?j# 707- 
CtaftteTMra. >7486939. MaChun^inaH^? 
68a III .'.Tone CoHonville. 1 7.04 664/fttNna 
Panasatineu did n il start. 

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INTERNATIONAL HERALD TRIBUNE, MONDAY, AUGUST 4, 1997 


PAGE 17 


SPORTS 


ent 


. . J. .. The Associated Press 

k Lei ter pitched a sev- 
’ ^-hitter in his first complete 
game in almost a year as the 
FhfiEes thrashed the St Louis 
Cardinals, 10-1, Sunday in 
//-^■fdlqdelphKa. 

- Marie McGwire, still seek- 
'vt^ilns first National League 
homerun following Thursday 
night’s trade with the Oakland 


NL Bobndup 


■Athletics.went 0-fcnr-3, was 
: hit by .a pitch and struck out. 

McGwire went l-for-9 in his 
U&srseries .with the Cardinals. 
V JJritei: struck out six and 
wafted one in earning bis 
thiid victory in his last four 
. starts. He also drove in two 
runs as the Phillies won for 
the fifth time in six games. 

The Cardinals, who haven ’t 
had a homer since Delino De- 
- Shields hit two last Sunday, 
■ have lost five of their last six. 

; The Phillies scored five 
runs off Donovan Osborne in 
the third, broke it open with 
-three more in. the fourth, then 
added two in the fifth. 

Expos 6, Padms 3 In 
Montreal, Pedro Martinez 
pitched a three-hitter for his 
major league-leading 10th 
complete game, and Doug 
t . Strange and Darrin Fletcher 
hit two- run homers as the Ex- 
pos beat San Diego. 

Martinez (13-5) struck out 
10 in his second straight com- 
plete-game. He was charged 
with one earned run, dropping 
his earned run average to a 
major league-lowesr 1.76, 
and walked three. 

After allowing a one-out 
walk to Ken Caminiti in the 
third, Martinez retired the next 
17 before Caminiti hit his 12th 
home run leading off the ninth 
Martinez, a career .103 hitter, 
went 2-for-3 at the plate. 

Pirates 8, Rockies 4 In 
Pittsburgh. Kevin Polcovich's 
bad-hop ground ball double 
traveled barely 100 feet bnt 
scored two runs as the Pitts- 
burgh Pirates rallied again 
against Colorado's bullpen. 

Tony Womack went 4-for- 
4, reached base five times and 
finished off the Pirates’ five- 
run eighth inning against re- 
lievers Steve Reed and Curt 
Leskanic with a homer. 


In Saturday's games: 

Cardinals 2 , Phi Dies 1 

McGwire gor his first NL hit 
and also scored the go-ahead 
run as the Cardinals bear the 
Phillies. The Cardinals scored 
twice in the sixth. Ron Gant, a 
pinch-bitter, walked with the 
bases loaded, forcing home 
McGwire for a 2-1 lead. 

A«tnw 6* Hots o Mike 
Hampton pitched a three-hitter 
and Jeff Bagwell hit his 29th 
home run, leading the host As- 
tros over New York for their 
12th victory in 14 games. 

Hampton won his sixth 
straight decision. He struck 
out seven and walked three in 
his second career shutout. 

Bagwell hit a solo home 
run in the first inning off 
Bobby Jones (12-7>. Jones is 
0-4 in his last eight starts. 

Pirates 6, Rock ies 5 Joe 
Randa’s two-run triple was 
one of only two Pittsburgh 
hits in a five-run fifth inning 
and the Pirates held off a four- 
run Colorado comeback in 
the eighth to bear the visiting 
Rockies. The Rockies lost de- 
spite outhitting Pittsburgh 13- 

Red* 5, Giants 1 Brett 
Tomko struck oat a career- 
high 10 as he returned to the 
Cincinnati starting rotation, 
and the Reds hit three homers 
off Mark Gardner to beat vis- 
iting San Francisco. 

Tomko, relegated to long 
relief for his last three ap- 
pearances as the Reds show- 
cased their veteran starters for 
trades, held the Giants ro a 
pair of hits in seven innings. 

Braves 4, Marlins 2 Denny 
Neagle pitched seven shutout 
innings and Atlanta held off 
host Florida, ensuring that the 
Marlins would not sweep the 
four-game series between the 
NL East contenders. 

The Braves* left fielder, 
Danny Bautista, reached over 
a short retaining wall in foul 
territory to caich Bobby 
Bonilla's fly ball for die final 
out, stranding runners at first 
and second. 

Expos 6, Pad ms O Carlos 
Perez pitched a five-hitter for 
his fifth career shutout and 
Rondell White and David 
Segui hit consecutive home 
runs in the fifth inning as host 
Montreal beat San Diego. 



Blair Wins 7th Straight 
As Tigers Roll Over Jays 

Toronto Is Sent to 8th Loss in 9 Games 


Viiwmi I jfw'-i/ \pmT i Ti nr’— IVinar 

Ryne Sandberg hitting his 2d home run of the day in Chicago’s victory over L. A'. 

Sandberg Will Retire (Again) 


The Associated Press 

CHICAGO — Ryne Sandberg is retiring 
again. And this time, he says, it's for good. 

Sandberg, who has a better fielding per- 
centage and more home runs than any second 
baseman in baseball history, announced Sat- 
urday that he would call it quits ax the end of 
the season, his 15th with the Chicago Cubs. 

“Everybody has their time, and my time 
has come," ihe 37-year-old said ai Wrigley 
Field. “I'm going to go in a different direction 
and spend more time with my family and itids. 
I’ve enjoyed myself here. I’ve grown up in 
Chicago and I think it’s perfect that I'm 
retiring as a Gib." 

Sandberg is already going out with a burst 
of energy. He hit two homers Saturday and 
went 3-for-3 to spark the Cubs’ 5-1 victory 
over the Los Angeles Dodgers. 

Sandberg retired once before, on June 13, 
1994. He left a $7 million-a-season contract 
after 57 games, saying he was unhappy with 
his performance. He was also displeased with 
the way the team was being run, by the general 
manager Larry Himes. 


Sandberg’s failing marriage and a dispute 
over die custody of his two children also were 
factors in his decision to leave baseball then. 
On Saturday , his second wife and family were 
by his side outside the Cabs’ dugout when he 
made his announcement 
Sandberg, who is barring .256 with eight, 
homers and 43 RBls in 96 games this season, 
returned last year with a .244 average, 25 
. homers and 92 RBIs after sitting out 1995. 

This season has been miserable for the 
Cubs, who opened 0-14 and had lost nine 
straight before winning Saturday's game. 
“This season has been very disappointing to 
all of us,” Sandberg admitted. f *It’s been a 
tough year. But I feel very lucky I’ve been 
able to put on a uniform.’’ 

Sandberg’s career .989 fielding percentage 
at second base is the best in major-league 
history. He has hit 273 of his 278 career 
homers as a second baseman, the most by any 
player at that position. He made the All-Star 
team 10 rimes, won nine Gold Gloves and was 
the 1984 Most Valuable Player as the Cubs 
made the playoffs. 


The Assuciaml Press 

Willie Blair won his seventh straight de- 
cision, and the Detroit Tigers sent the Toronto 
Blue Jays to their eighth loss in nine games, 5- 
2, on Sunday. 

Bob Hamel in and Melvin Nieves hit con- 
secutive home runs In the second inning, and 
Travis Fryman homered for the second 
straight day for Detroit. The Tigers won three 
times in the four-game series. 

Blair (11-4) allowed rwo runs, one of them 
earned, and eight hits in six-plus innin gs. He is 
the first Tigers pitcher to win seven in a row 

At Roundup 

since David Wells in 1995. Blair’s 11 vic- 
tories are the most for a Detroit pitcher since 
Mike Moore also had 11 in 1994. 

Blair, whose jaw was broken by Julio 
Franco 's liner May 4 at Cleveland, is 7-2 since 
returning from the injury on June 3. He has not 
lost since June 22 ai Boston. 

Blair left with a 4-2 lead after giving up two 
singles to start the seventh. A J. Sager relieved 
and Alex Gonzalez sacrificed, but the runners 
were left stranded when Otis Nixon grounded 
to the mound and shortstop Deivi Cruz made a 
great stop up the middle to throw out Mariano 
Duncan. 

Todd Jones pitched the ninth fra: his 21st 
save. He has been successftil on 1 8 of his last 
19 opportunities. Woody Williams (6- 10) lost 
his second straight start after winning his 
previous three. He gave up five runs on seven 
nits in 6!A innings. 

In games played Saturday: 

Royals 10, Rod Sox 3 Dean Palmer homered 

twice and drove in four runs, and Kansas City 
hit a season-high five homers in bearing Bos- 
ton. Palmer, who was dealt from Texas to 
Kansas City on July 25. is 12-for-34 with two 
home runs and eight runs batted in since the 
trade. 

The five home runs — the others were by 
Chili Davis, Mike Macfarlane and Yamil 
Benitez — were the most by Kansas City 
since the Royals hit five at Minnesota Aug. 6. 
1995. 

Tim Belcher (1 1-9) scattered eight hits and 
allowed three runs in 6% innings in Sat- 
urday’s game in Kansas City. The right- 
hander has a 7-2 career record against the Red 
Sox. Aaron Sele (10-8) lasted just 2 Vs innings 
and allowed four runs on five hits. 

Orioles 13, Athletics 3 Mike Bordick 
homered and drove in a career-high five runs 
as Mike Mussina and the Orioles overcame a 
shaky start to beat die A’s in Oakland. 

Mussina (12-4) surrendered three runs in 
die first inning, two of them unearned. But he 
did not allow another run before leaving after 
the seventh, and defeated Oakland for the 12th 


time in 15 career decisions. 

Chris Hoiies homered, doubled, drove in 
three runs and scored three. Brady Anderson 
also homered and hit an RBI triple for Bal- 
timore. 

iwins 5, Yankees 4 Paul Molitor homered 
and drove in two runs as visiting Minnesota 
snapped New York’s four-game winning 
streak. Molitor gave the Twins a 3-2 lead in 
the sixth inning with a solo shot His drive hit 
the top of the left-center field fence and 
bounced over for his seventh home run. 

Tigen 8, Blue Jays 7 Roger Clemens could 
nor hold a four-run lead, as Detroit defeated 
visiting Toronto on reliever Paul Qu an trill's 
throwing error in the eighth innin g. 

Clemens, pitching at Tiger Stadium for the 
first time since striking out 20 there last Sept 
IS when he was still with Boston, took a 5-1 
into the sixth inning and left in the seventh 
after Travis Fryman’s three-run homer tied it 
at 6. Clemens struck out nine, walked four and 
gave up 10 hits in six-plus innings. The three- 
time Cy Young Award winner, who leads the 
majors with a 1 .78 ERA, had allowed just five 
earned runs in his previous eight starts. 

Mariners 14, Brewers 4 In Milwaukee, Paul 
Sorrento hit a grand slam and drove in six 
runs, and Ken Griffey Jr.. Russ Davis, Rob 
Ducey and Edgar Martinez also homered as 
Seattle ended the Brewers’ nine-game win- 
ning streak. 

Jeff Fassero (10-6) gave up nine hits and 
two runs and struck out seven in six innings to 
help stop the Mariners’ four-game losing 
streak. Heathcliff Slocumb made his debut for 
Seattle with a hitless ninth. 

imfians 7, Rang> r» a Jim Thome hit a 
tiebreaking three-run homer in the sixth to help 
John Smiley’s successful debut as Cleveland 
handed host Texas its fifth straight loss. 

Marquis Grissom and Brian Giles singled 
before Thome hit his 29th homes- over the 
center-field wall off Bobby Witt ( 10-7). Omar 
Vizquel went 3-for-4 for the Indians, includ- 
ing an RBI single in the seventh that extended 
Cleveland’s lead to 7-3. 

Angels 5, White Sox 2 Dennis Springer and 
Troy Percival combined on a five-hitter as 
host Anaheim won for die 20th time in 26 
games to retain a half-game lead over Seattle 
in the AL West 

Springer (7-4), who blanked Cleveland in 
his previous start retired the first 1 1 batters he 
faced and took a no-hitter into the fifth inning. 
He gave up four hits and one walk with two 
strikeouts in eight innings. Percival allowed 
one hit in the ninth for his 15th save. 

Chicago’s Chris Clemons (0-1) gave up 
five runs in the second. The White Sox, in the 
three games since a trade with San Francisco 
decimated their pitching staff, have given up 
26 runs to the Angels. 


White Sox Say ‘No Mas 9 to Their Fans 


New York Times Service 

. T^ERRYReinsdorf, one general man- 
’ " - I ager was saying the other day, has 

done two things dial have not been 
... : r . good for baseball. Other people in base- 
J,*. bail — union officials, for example — 
' “'iV. '- would suggest that the Chicago White 
Sox owner has done many more things 
. . that have not been good for baseball, but 

the general manager was speaking of 
^ M two specific things. 

- “Signing Albert Belle was one," he 
“Doing this is not good for base- 
hall, either.*’ 

VJ,. “This” was the startling trade the 
* :n f White Sox made with the San Francisco 
1 u ;n. Giants last Thursday, the one by which 
the White Sox announced to the rest of 
'-p,~ the baseball world and their fans that 
•jj.i ~> ^rii a third of the season still to be 
joins :> played they were putting their bats and 
halls in mothballs for die winter. 

“It’s the Major League Baseball ver- 
sion of ‘no mas,’ ’’ an owner of another 

-- team remarked, referring to the words 

-- impTYvl by the boxer Roberto Duran 

when he quit in the middle of a title fight 

_ w H^ wim Sugar Ray Leonard. 

c.f _ By giving the Giants their No. 1 start- 
L\: * frying .pitcher (Wilson Alvarez), their 
: ; ^ closer (Roberto Hernandez) and another 
? • - veteran pitcher (Danny Darwin) for soi 

j- £?; i minor leaguers, only one qf whom is 
st coDsidereda top prospect, the White Sox 

■ * n « « r s ig naled surrender when they were only 
] 3s* v— m'.; three and a half games behind Cleveland 

ill* :Ciad*e American League Central. 

■ Us* w "If there is something beyond uncon- 

^djlional surrender, though, the Wmf e 
• s-** may d6 that, too, by trading Robm 

Sil? -Ventura, their recuperated third base- 
. SIf fSm to the Yankees. After talkrng with 
jf S&T& Sl Louis Cardinals about Ventura 
£ 27.W ftst week — “at length,” an of 

- ^ r dub said — the White Sox have 

jontinued speaking with the Yankees, 
3 t* zsf^other official said. £ 'There might be a 
si? * deal with the Yankees in the next week 
: wQr two if they can get Ventura through 


Vantage Poi nt /Murray Grass 


waivers," the official said. 

Because the July 31 deadline has 
passed, anyone who is traded now must 
clear waivers first. Ventura, 30, missed 
the first 99 games this season with a 
broken right leg and a severely dis- 
located ankle, but since returning July 24 
be has batted .379 in eight games. 

Ventura has a S6 million salary this 
season, and his contract includes a chib 
option at $6.1 million for next year. 
Trading Ventura would no longer come 
as a surprise, considering what the White 
Sox have already done with some of 
their higher-priced players. 

The Chicago fire sale was not what 
Reinsdorf had in mind when he threw 
$55 million ($11 million a year) at Al- 
bert Belle, last November and single- 
handedly escalated the salary scale by 
the largest dollar leap ever. Concerned 
about lagging attendance and decreasing 
revenue, Reinsdorf believed that the ad- 
dition of Belle would make the team a 
contender that would attract hundreds of 
thousands of additional fans. 

The fans’ anger with the White Sox, 
though, evidently runs deeper than the 
game’s richest contract can dissolve. 
After drawing an average crowd of 
21,220 last season, the White Sox have 
averaged 24,050 this season, an increase 
far below what Reinsdorf had in mind. 

The Belle signing, then, has failed on 
one narrow economic front, in that it 
didn’t achieve Reinsdorfs goal. But it 
has been devastating in a broader eco- 
nomic way. It forced other clubs to give 
their star players much more money than 
they otherwise would have had to pay 
them: the Giants gave Barry Bonds 
$11.45 million a year for 2 years; 
Sammy Sosa got $10.62 million a year 
for 4 years from the Cubs; Gary Shef- 
field received $10.17 million a year for 6 
years from the Marlins; and the Rangers 


signed Ivan Rodriguez for $8.4 million a 
year for 5 years. 

“It had a tremendous impact, there’s 
no question," Dave Dom brows ki. the 
Florida Marlins' general manager, said, 
discussing Sheffield’s contract. “They 
didn’t want to talk at all until Belle 
signed. Once the Belle numbers came in. 
they were very open to talk. I said this 
might be au aberration. Then the Bonds 
numbers came in and the market was 
defined. So it had a tremendous im- 
pact" 

Until Belle signed, the highest annual 
average value was $S j million fra' Ken 
Griffey Jr. “That was a very easy num- 
ber to justify," Dombrowski said, “be- 
cause Griffey was a complete-package 
player. In our initial discussions, we 
weren’t prepared to go above that" 


R EINSDORF, who has been very 
discouraged and *has constantly 
complained about the attendance 
at Comiskey Park, had been quoted earli- 
er in the week as saying, “Anyone who 
thinks this White Sox team will catch 
Cleveland is crazy." Is the newly con- 
stituted White Sox team capable of catch- 
ing the Indians? Not in this millennium. 

Defending the team’s trades — Har- 
old Baines also was traded last week, to 
Baltimore — General Manager Ron 
Schueler said, “I gave diem 102 games 
to compete and we weren’t even at . 500 . 
If we got lucky, we might contend for the 
division. There wouldn't be anything 
after that I don’t see where we threw in 
the towel.” 

A high-ranking executive of another 
club said: “If you have a strategy and 
stick with it, ultimately you will be re- 
warded They were three games out and 
didn’t let the strategy follow through. 
When you switch strategies in mid- 
stream, it’s going to create problems.” 


The greatest athletes c 
can anyone take away 


Athletics: 


4-10 August, USA, LIVE, 
The ACftfotics World 
Championship*, Athens 
Reputations wB be made and 
broken as the cream of the 
world's athletes meet head to 
head in Athens 


4-10 August, LIVE, 

ATP Super 9, Cincinnati 

With $23 in prize money at 
stake, the world's best players 
wiH be in action including 
Sampras, Agassi, Becker, 
Henman and Rusedski 



Rookie’s Punt Return 
Gives Chargers a Spark 

: \ TVyUAriarfft™ Aaron Glenn Wyard rater- 

V Kevin Gilbride came out cepttou return for a touefa- 
oo top as both be and Steve down- _ j_ 

-Mariucci made their debuts as 42-vaid field 

)head coaches in foe NFL- Gil- 



bride’s Chargers beat the San 
2^' r - Pmivic/vi 1 3- ID & 


gyifi wiui w.v^ — -p — 

-rt T 

Oile^aS 

i.ftMcisco 49ers 20-13, in a ^ Mefflphis . The 

■ preseason game in San shujer was 9 

y^gent, Latano Racha . nuide «f£? s fourlh fie id goal, a 
:.an impact on special teams i;57 left, gave 

-with three tackles and a 77 a v j Clor y over the 

. yard punt return for a touch- me ’ “ j n Baltimore and 

• town in Saturday s game. V fim Fassel. the new Gi- 

Bill Par- ^’ h ^d cS.awinner in 
. cells made a winning start as sn* 5 , , 
coach of Jets, helped by a his debut. 



raiimn i. . &nB IV- 

The Redskins’ Christopher Sanders trying to dive 
over two Buccaneers In Washington's 20-8 victory. 



10 August, LIVE, PPG CART 
World Series, Mid Ohio 
After 2 wins and a second place 
in the racer* weeks, Mark Blundetf 
wffl be looking to dose the gap 
on Italy's Alex Zlnaiti as the 
championship moves onto Its 
final five races 


9-10 August, UVE, 

WPGET, The McDonalds 
WPGA, Gfeneagfes 

Tina Fischer will be back to 
defend her title but will face stiff 
competition from Laura Davies 
and Rah Johnson 






GOLF Tough Choices in Ryder Cup p. 1 6 SOCCER Europe’s Season Opens p. 1 6 BASEBALL Sandberg Quits (Again) p. 1 7 


World Roundup 



Ctnwn tewMinghefflg AmclMJ Pma 


Sachin Tendulkar batting 
against Sri Lanka on Sunday. 

India Takes Charge 

CRICKET Nilesh Kulkami, a 
spin bowler, took a wicket Sunday 
with his first ball in Test cricket to 
strengthen India's grip on its first 
Test against Sri Tanka in Colom- 
bo. 

Earlier, Sachin Tendulkar and 
Mohammed Azharuddin had 
completed centuries before die 
tourists declared their first innings 
closed at 537 runs for eight de T 
elated. 

Sri Lanka finished the second 
day, on 39 for one. 

• Ben HoUioake, a 19-year-old 

all-rounder was included Sunday 
in a 13-man squad for the fifth test 
against Australia. If Hollioake 
plays in the match, which starts at 
Trent Bridge, No ttingham,, on 
Thursday, be will be the youngest 
England Test player in more than 
50 years. (Reusers) 

Australia Beats S. Africa 

RUGBY UNION David Knox, 
Australia's veteran fly half, re- 
turned to the team and kicked 10 
points as Australia beat South 
Africa, 32-20, in Che Tri-Nations 
series in Brisbane. 

The winger Ben Tune scored 
touched down twice for Australia. 
Daniel Manu and the full back 
Stephen Laikham also scored 
tries. Os du Randt, Jannie De Beer 
and Maik Andrews scored ties for 
the Springboks. (Reuters) 

Dosedel Takes Title 

tennis Slava Dosedel, an un- 
seeded Czech, needed six match 
points Sunday before he won the 
Qrolsch Open in Amsterdam.. 
Dosedel brat Carlos Moya of 
Spain, the No. 1 seed. 7-6 (7-4), 7- 
6(7-5), £7 (7-4), 6-2. 

• Chris Woodruff, an unseeded 
American, reached the final of the 
Canadian Open when be beat 
Yevgeni Kafelnikov, the No. 4 
seed, 5-7, 7-5, 6-3, in Montreal on 
Saturday. 

Gustavo Kuerten, the French 
Open champion, routed top- 
seeded Michael Chang, 6-3, 6-1. 

• Top-ranked Martina Hingis 
routed Mary Pierce, 6-0, 6-2, on 
Saturday in the semifinals of the 
Toshiba Classic in Carlsbad Cali- 
fornia. 

“I played a great match, what 
else can I say," said Hingis. 

Monica Seles beat third-seeded 
Amanda Coetzer of South Africa, 
6-3, 6-4, in the other semi- 
final. ' ( AP ) 

Robbins Clings To Lead 

golf Kelly Robbins shot an 
even-par 73 Saturday but still kept 
a one-stroke lead in the Du Maur- 
ier Classic, in Oakville, Ontario, 
the final women's major of the 
year. 

Juli Inkster and Brandie Bur- 
ton, who shot a 7 -under par 66. 
were tied in second place on a 10- 
under par three round total of 
210. (Reuters) 


Sports 


R 


MONDAY, AUGUST 4, 1997 


Gold Medals for 2 Young U.S. Sprinters in a Hurry 


Established 100-Meter Stars 
Fall as Greene and Jones Win 


By Ian Thomsen 

liumatianal Herald Tribune 

A THENS — It all came down in 
the end to Donovan Bailey’s in- 
ability to look the American in 
the face. So the World Championship 
100 meters changed hands Sunday 
night, from Bailey to the 23-year-old 
Maurice Greene, who took the lead from 
the second step and held off die Ca- 
nadian. By the finish it seemed almost 
personal between them, as if it were a 
sibling rivalry between one who had 
always dominated and the other who 
was more quietly prepared to stand op 
for himself. 

The championships’ opening week- 
end reached a climax first in a women's 
100-meter final anticipated to become a 
duel between the outgoing Merlene 

World Athlrtics 

Ottey , 37, and the newest American star, 
the enormously talented 21-year-old 
Marion Jones. Jones seized the first of 
many potential gold medals in a win- 
ning time of 10.83 seconds, die fastest 
of die year. 

As for Ottey, well, something hor- 
rible always seems to happen to her at 
major championships. 

In this unfortunate case it should be 
noted that Jones had complained earlier 
this weekend that the starters' pistol was 
too quiet After the eventual bronze 
medalist Sevatheda Fynes of Bahama 
(she ran in 11.03 seconds) began the 
final with a false-stait from Lane 1. all 
of the runners pulled up — all of them 
but Ottey. 

She kept running, alone and obli- 
vions, at 50 meters the crowd not cheer- 
ing but yelling frantically for her to stop. 
The gun was fired again and then she 
came to a halt, a full 80 meters of her 
best effort spent She turned in disbelief 
and walked back as slowly and calmly 
as possible. 

But when the race was started of- 
ficially, she was left behind and unable 
to add to her record collection of 13 
world championship medals. Ottey 
hailed off to seventh in 11.29 seconds, 
while another strange scene developed 
ahead of her. 

Zhanna Pinrussevich, the Ukrainian 
silver me dalis t, was sprinting away in 
die unfortunate belief that she bad won. 
A gaggle of photographers chased 


around the turn after ber until it was 
announced that Jones had indeed won, 
in a time two one-hundredths better than 
the Ukrainian's. 

The photographers abandoned Pln- 
tnssevich lying on the track in disbelief 
and sprinted across the infield to find fee 
champion in tears of joy. 

At the stan of this year, Jones's per- 
sonal best was 1 1. 14 seconds, a time she 
ran when she was a junior in high 
school. At that time she declined an 
invitation to join the U.S. relay team in 
the 1992 Olympics, apparently believ- 
ing that she was too young. Site wanted 
to qualify for last summer’s Olympics 
bur was put down by the latest in a series 
of foot injuries, the result of a basketball 
career in which she had guided the Uni- 
versity of North Carolina to the national 
championship as a fres hman point 



** 



I m 



Her compatriot, Greene, had a harder 
time making it to the top of the podium 
on a breezy night that was refreshingly 
cool by Athenian standards, in front of 
another disappointing crowd in the 
massive 80,000-seat Olympic Stadium. 
It seemed to be about two-thirds full 
despite assurances from the organizers 
that all of toe tickets bad been sold. 

Greene’s time of9.86 seconds equaled 
Carl Lewis's former world record set at 
toe 1991 World Championships at 
Tokyo. B ehind him were the defending 
champion Bailey in 9.91 seconds and 
Tim Montgomery of the United States 
third in 9.94 seconds. Greene beat two 
better-known contenders, Bailey and 
Ato Boldon of Trinidad, who had been 
creating emotional torque between them 
ever since Bailey won the Olympic 100 
meters last summer. In that final, B aile y 
had set a world-reconi 9.84 seconds and 
beaten an apparently psyched-ont field, 
in which Boldon finished third. 

Boldon, now 23. claimed the first 
psychological victory — or had he cre- 
ated a hurdle? — this weekend as toe 
speed of Athens’ newly laid track 
seemed to catch him by surprise. Re- 
laxing at toe end of his preliminary heat 
Saturday night, he was greeted by a 
shocking time of 9.87 seconds — toe 
world's fastest this year and the fifth- 
best of all time. Boldon said that he had 
been planning nothing quicker than a 
9.95-second heat 

* ‘What I’ve done is pat a lot of pres- 
sure on myself,” he admitted. 

Bailey has had a difficult summer, his 


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Marion Jones, right, dipping over the line ahead of Christine Arron of France, center, and Zhanna 
Pintussevich of Ukraine in the women's 100 meters final. Pintussevicb finished second and Arron was fourth. 


Steel, P rnrnw ijo* e Fn«x* -ftewc 

Michael Johnson looking nervous Sunday after he almost Failed to 
qualify for die 400-meter semifinal at the Athens championships. 


1 50-meters match-race victory over Mi- 
chael Johnson aside. He barely ad- 
vanced out of his own second round bear 
Saturday night He started that round 
slowly, as if stepping out of toe heel of 
his shoe, and 10 meters from the end he 
pulled up with an apparent cramp and a 
time of 10.10 seconds. 

By the time they all met again in toe 
final Sunday night a frenzied, frazzled 
order had been restored. For in recov- 
ering his old outrageous self with a 9.91- 
second semifinal. Bailey had turned and 
thrown his trademark glare at the U.S. 
champion Greene in the next lane. 
Greene turned to meet toe Bailey 's eyes, 
only to see toe C anadian hopping and 
celebrating as if the gold medal had 
already bran decided. Greene stomped 
away, shaking his head, not beaten, as it 
turned out, but emboldened. 

In the final, Greene tore free with 
Bailey seemingly on a leash one stride 
behind him. The two of them yanked 
themselves from toe field as it became 
clear that Bailey was not going to over- 
take him. 

Trailing well behind in fifth place 
with a time of 10.02 seconds, was Bol- 
don, who seemed to drag his right leg 
behind him as he left the track. Just after 
toe finish he had dropped to his knees to 
meet toe devoutly religious Greene in an 
embrace: They train together with toe 
American coach John Smith. 

The Olympic silver medalist Frankie 
Fredericks was fourth in 9.91 seconds. 

The evening's crazy successes were 
almost swept aside in a potential dis- 
aster involving Michael Johnson, the 
American star whose "wild card” in- 
vitation to these championships has 
been criticized by several of his fellow 
athletes. 

Johnson almost didn’t make it out of 
the second round of the 400 meters, in 
which he is the overwhelming favorite. 
Slowing down to a trot, he was over- 
taken for third place in his heat by one 
one-hundredth of a second by Ibrahima 
Wade of Senegal, who qualified auto- 
matically. 

There was some sarcastic suspicion 
that toe IAAF might have to award 
Johnson a little-known codicil in toe 
rules, a kind of double-secret wild-card 
invitation to toe next round, but as it 
aimed out his time of 45.39 seconds 
earned him the penaltimare place in the 
semifinal. 

“I was sure 1 had a firm grip with my 
position and I just didn't see him come 
up.*’ Johnson said. “It surprised me that 
he was suddenly right beside me." 


Weis of Germany Takes 
Gold in Hammer Throw 


Ccmptird h* On Si# From D b p mc l n 

ATHENS — A final effort of 81.78 
meters gave Heinz Weis of Germany the 
gold medal in toe hammer throw on toe 
second day of the track and field World 
Championships on Sunday. 

Weis, 34. who was chasing his first 
major title, was second to Andrei Sk- 
varuk of Ukraine before his final at- 
tempt Slcvamk had been seemingly out 
of medal contention when he took the 
lead with his sixth and final throw of 
81.46 meters. 

Weis responded with his winning 
throw and yelled with joy before falling 
into his rival’s aims. Skvaruk had to be 
content with toe silver. Vasilii Sidoren- 
ko of Russia took toe bronze with a 
throw of 80.76 meters. 

Stars continued to fall in toe heats of 
other events. The Olympic champions 
Derrick Adkins and Svetlana Master- 
kova both failed to make their finals. 
Adkins, toe 400- me ter hurdles cham- 
pion from toe United States, finished 
only fifth in his semifinal. 

Adkins was well placed in second 
behind Ruslan Mashchenko of Russia 
but slowed suddenly and was passed by 
three more runners. 

Samuel Maiete, the 1991 world 
titieist from Zambia, just made it into 
the final by .01, but Bryan Bronson, 
holder of toe four best times of the year, 
is still considered toe favorite to win the 
gold. 

Masterkova, toe Russian middle-dis- 
tance runner who took gold in toe 800 
meters and 1,500 meters in toe Atlanta 
Olympics, was taken off on a stretcher 
in toe 1 ,500 meters semifinals. 

After scraping through Saturday’s 
heat in only fourth place, Masterkova 
was able to keep up with toe leaders 
until the final lap on Sunday before 
falling out of contention and walking 
the last 40 meters to the finish line with 
an injured ankle. 

Her injury ail but ruled her out of 
running in the 800 meters. 

Kelly Holmes of Britain, a favorite in 
the 1 .500 meters, had dropped out in her 
first heat Saturday with an injured calf 
muscle. Holmes called it her personal 
curse, but it seemed to apply to rhe 
whole World Championships. 


Half a dozen other world champions 
and world-record holders had lost on 
Saturday. Some succumbed in swel- 
tering heat that surpassed 90 degrees 
Fahrenheit (33 degrees centigrade). 

In the 10,000 meters. Deraitu Tulu of 
Ethiopia, who in 1992 became the first 
black African woman to win an 
Olympic gold medal, failed to make it to 
the final, finishing a disappointing llth 
in her heat 

Anna Biryukova of Russia, toe 1993 
women's world triple-jump champion 
and 1995 bronze medalist, ruptured a 
tendon in her right knee during qual- 
ifying and was carried off toe track on a 
stretcher. Holmes, toe world leader this 
year in toe women's 1.500 meters and 
No. 2 in toe 800 meters, was in tears 
after injuring her left calf during the fust 
round of the 1,500. 

Unexplained no-shows for their 
events included Hassiba Boulmerka of 
Algeria, the 1992 Olympic gold medal- 
ist in toe women's 1.500 and toe two- 
time world champion: Inessa Kravets of 
Ukraine, toe 1996 Olympic champion, 
world record-holder and 1995 world 
champion in the women's triple jump, 
and Nigeria's Charity Opara, No. 3 in 
the world this year in the women's 400 
meters. 

The two-time world champion .An- 
drei AbduvaJyev of Uzbekistan could 
nor get toe hammer past toe qualifying 
mark. The Olympic champion Randy 
Barnes of toe United States didn't pul 
the shot far enough to make the final. 

“I can't explain it.” Barnes said. "I 
don't know what happened." 

Aleksandr Bagach of Ukraine won 
the men's shot put at 21.47 meters. 
Bagach’s victory spoiled John Godina's 
chance of becoming the first wild-card 
winner in the first Final. Godina, the 
1995 world champion, failed to make 
the U.S. team this year, bui was given a 
free pass into toe championships by the 
sport's world governing body. 

He finished second at 2 L44 meters 
but found little consolation in his silver 
medal. “I messed up." he said. “There 
is no way I should have lost today. Even 
though my entry into the shot was a gift. 

I came here to do a job and 1 
couldn't. ’ ‘ ( Reuters . AP: 



love 0-800-99-0011 


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