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Herald 


INTERNATIONAL 



PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 


The World’s Daily Newspaper 


Paris, Monday, December 22, 1997 


A New Crisis in Asia: 
Now It’s Confidence 

Pessimistic Forecasts Curtailing Investment 





For Asians 
^4 Primer 
On IMF 
Bailouts 


By Michael Richardson 

Inicmatumu! Herald Tribune 


SINGAPORE — Just when South- 
east Asia ’ s crumbling stock markets and 
slowing economies Deed new invest- 
ment and bank loans to keep indebted 
companies from going bust, currency 
turmoil and increasingly p essimis tic 
economic forecasts for 1998 are farther 
undermining confidence in the region, 
analysts said Sunday. 

In its interim World Economic Out- 
look made public in Washington on 
Saturday, the International Monetary 


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■M'hm 


Fund cut its combined growth projec- 
tions for Thailand, Indonesia, Malaysia 
and the Philippines by 3.7 percentage 
points to 1.7 percent for 1998, after 
adjustment for inflation. 

Many economists have been warning 
that Thailand will slide into recession 
next year, after barely managing to grow 
in 1997. But in its latest research report, 
UBS Securities, a member of the Union 
Bank of Switzerland Group, said that a 
recession in Indonesia — the world’s 
fourth most populous nation and the 
largest economy in Southeast Asia — 
also appeared unavoidable. 

UBS said that it had revised its real 
gross domestic product forecast for In- 
donesia in 1998 from a modest growth 
rate of l.S percent to a contraction of 2 
percent ana from 4 percent growth in 
1999 to a mere 1.1 percent 

The Indonesian rupiah was trading at 
about 5,100 to the dollar at the end of the 
week, up from a low of 5,980 on Tues- 
day. But it was still down some 52 
percent since the beginning of July, 
when rapidly depleting foreign ex- 
change reserves forced Thailand to let 
the baht fall, triggering major depre- 
dations elsewhere in the region. 

The rupiah’s plunge will increase In-, 
donesia’s inflation and the cost of re- 
paying foreign debt, push companies 
with large overseas loans into bank- 
ruptcy and reduce government revenue 
and consumer spending. 

“While rising inflation, a shaky fi- 


By Tom Buerkle 

International Herald Tribune 


LONDON — The sense of fi- 
nancial crisis in the country is per- 
vasive. The currency is sliding with 
seemingly no bottom in sight. In- 
vestors worried about the country's 
mounting debts are refusing to buy 
government bonds. And the gov- 
ernment itself is bitterly divided on 
whether to bow to the demands of 
the International Monetary Fund or 
try to go it alone by imposing pro- 
tectionist controls on trade and cap- 
ital movements. 

South Korea in 1997? No, Bri- 
tain in 1976, the last time a major 
industrialized country turned to the 
IMF for a bailout. 

Although two decades old, the 
financial collapse of Britain, and its 
economic revival, hold lessons and 
warnings about today's Asian crisis 
for Asia’s politicians. 

Britain’s economic problems in 
the 1970s stemmed largely from 
attempts by successive Conserva- 
tive and Labour governments to 
stimulate growth and employment 
with government deficit spending, 
particularly after the 1973-74 oil 
crisis. Instead of prosperity, Britain 
got double-digit inflation and eco- 
nomic stagnation. 

The underlying problem in 
South Korea is much different, in- 
volving profligate corporate spend- 
ing, a shortage of liquidity and a 
fragile banking system rather than 
profligate state spending. Korea’s 
need for IMF aid is also far greater 
than Britain's a generation ago. 

But the necessity of resorting to 
outside help was a “devastating 
national humiliation’’ that forced 
profound changes in the British 
economy and politics, said Lord 
Howe, who served as chancellor, of 
the Exchequer under Margaret 
Thatcher. 

That experience is most likely to 
bold true for South Korea today, 
analysts say. Indeed, the election 
Thursday of Kim Dae Jung, an op- 
position leader and democracy 
campaigner, as Korea’s next pres- 
ident may be an early indication of 
the winds of change blowing 
through Asia. 

“Nineteen seventy-six was the 
turning point,” said Andrew Brit- 
ton, a British economist who has 
written extensively about the peri- 
od, “It paved the way for Thatch- 
erism.” 

Britain's crisis began in early 
1976 with a steady loss of con- 
fidence in the pound amid expec- 
tations that the budget deficit, cur- 
rent account deficit and inflation 
were set to worsen, and that the 
government would encourage a de- 
preciation to boost the economy. 
The pound slipped below $2.00 in 
March and continued sliding to- 
ward $1.65 by October, a drop .of 
roughly 25 percent in one year’s 


KiJjici IVlx.Thr AmricJ ftr-, 

. HOLIDAY VISIT — Workers putting up the stars and stripes beside Bosnian flags in Sarajevo on Sunday 
before Bill Clinton’s arrival Monday to visit the troops. The two-year mission has a mixed record. Page 5. 


The Ritual Death of a Film Satirist 

Juzo Itami Left Note Denying an Article Suggesting a Liaison 


By Kevin Sullivan 

Washington Post Sen'ice 


See ASIA, Page 7 


TOKYO — Juzo Itami, the ac- 
claimed Japanese filmmaker, has killed 
himself in an act with overtones of the 
ritualized suicides of the samurai war- 
rior class. 

Mr. Itami, 64, director of “Tam- 
popo” and nine other films, took his 
own life over a magazine’s decision to 

E ublish a story suggesting that he was 
aving an affair with a 26-year-old 
woman. The story in the weekly Flash is 
to be published Monday. 

The director left two' suicide notes in 
his office before leaping to his death 
from the building’s eighth floor roof 
Saturday evening. In one, to the pres- 
ident of his production company, he 
included a “message to the mass me- 
dia” that stated, “I will prove my in- 


nocence by death. There is no other way 
to prove that nothing happened.” 

Mr. Itami was married to the actress 
Nobuko Miyamoto, who starred in most 
of his films and is equally well-known. 
His other note was addressed to her, but 
its contents have not been disclosed. In 
his letter to the president of Itami Pro- 
ductions, Yasushi Tamaoki, he urged 
him to “take care of" Miss Miyamoto, 
whom he called “Japan's number one 
wife, mother and actress." 

In criticism of the tabloid media re- 
miniscent of that surrounding the death 
of Diana, Princess of Wales, Mr. 
Tamaoki blasted Flash at a press con- 
ference Sunday, saying that Mr. Itami 
would still be alive if the magazine had 
not pursued the story. 

The magazine’s editor, Kenji Kaneto, 



See ITAMI, Page 7 


Mandela’s Message: White Privilege Must Give Way 


By Lynne Duke 

Washington Post Service 


JOHANNESBURG — Since South 
Africa's first all-races election and the 
end of white-minority rule in 1994, 
President Nelson Mandela has been the 
embodiment of racial reconciliation. 

He sal for tea with the widow of a 
dreaded leader of the defunct apartheid 
regime. He has amicable relations with a 
rightist general who mounted a rebellion 
before the 1994 vote. He holds regular 
meetings on economic policy with white 
corporate barons. All this in an effort to 
reassure whites and keep their economic 
and military power from turning against 
the fragile new democracy. 

But last week Mr. Mandela stunned 
his whire countrymen when he told 
them flatly that they had not done 
enough in return. In a stinging speech on 
the occasion of his retirement as leader 
of the governing African National Con- 
gress, he accused whites of treating re- 
conciliation cavalierly and protecting 
their socioeconomic privilege by resist- 
ing efforts to uplift the nation's black 
majority. 

He singled exit white opposition parties 


ation to a more contentious phase of 
South Africa's political transition, in 
which a hard-edged discourse on real 
transformation for the black majority will 
take center stage and challenge the social 
and political fabric of what has been 


NEWS ANALYSIS 


called a “rainbow nation.” The pres- 
ident acknowledged that the political 
going could get rough when he said the 
process of change was still young and 
"had not yet tested “the strength of title 
■ counteroffensive which would seek to 
maintain the privileges of the white 
minority.” 


Mr. Mandela’s speech ushered in not 
only a new era of debate here, but also a 
oew era of leadership. Thabo Mbeki, his 
successor as ANC leader, as well as the 
country’s deputy president and heir ap- 
parent to lead the nation when Mr. Man- 
dela steps down in 1999. has touched on 
these themes many times before, caus- 
ing suspicion among whites that be 
would take a harder line toward them 
than Mr. Mandela. 

The president has given Mr. Mbeki 
cover from this charge by ensuring, with 
his speech, that the new ANC chief can be 
seen as simply grasping the ideological 
baton being passed on to him, analysts 
say. “To some extent, the popular per- 


See MANDELA, Page 9 


AGENDA 


3d Hong Konger 
Dies of Avian Flu 


RAGE TWO 


Zimbabwe: Farming Out Trouble 


As a deadly avian fin killed its third 
victim Sunday in Hong Kong, in- 


and the while media for opposing re- 
forms. suueestinu that their reluctance to 


See POUND, Page 7 


forms, suggesting that their reluctance to 
buy into a “new patriotism” being 
pushed by the ANC was tantamount to 
being an enemy of the state. 

Mr. Mandela's language signaled a 
shift from the symbolism of recondli- 


ternational health experts worked to 
contain the outbreak. The World 
Health Organization’s top flu expert 
joined the investigation as to whether' 
the virus, seen only in birds until May, 
can be transmitted among humans . 
But he said no vaccine could be avail- 
able before mid- 1998. Page 2. 


THE AMERICAS 

Page 3. 

New Technique for 

Earlier Abortion 

Books 

Page 9. 

Crossword... 

Page 9. 

Opinion 

PageS. 

Sports 

Pages 16-18. 

The IntefmarkBt 

Paged. 

| The 1HT on-line 

wvAV.iht.com J 


Coup Plotters Held, 
Nigeria Army Says 


ABUJA, Nigeria (Reuters) — The 
army said Sunday that a coup plot had 
been foiled and a number of senior 
officers arrested, including General 
Oladipo Diya, No. 2 after the military 
ruler. General Sani Abacha. 

Nigerian television said two former 
ministers. Major General Abdulkarim 
Adisa and Major General Tajudeen 
Olanrewaju, had also been detained. 


Ik?*-. Aw 


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No. 35.710 


U.S. Raises 
Pressure on 
Iraq to Open 
Sites to UN 


Officials Say Sanctions 
Will Stay Put Despite 
Security Council Split 


By Brian Knowlton 

Inirmunoiuil lier.iU Tribune 


Tmpufami MjunronfcVTht Awnrtairri P»r— 

Juzo Itami as he spoke at a rally 
against mob crime in September. 


ception was of Nelson Mandela die re- 
conciler and Thabo Mbeki the transform- 
er,” said Robert Schrirer, a political 
scientist at the University of Cape Town. 
“I think that one should really view the 
speech as the opening shot of the Thabo 
Mbeki presidency.” 

Mr. Mbeki said Mr. Mandela's 
speech was meant as an assessment of 
three years of ANC in government, not a 
plan of action. The only prescription in 
the president's report, he said, is that the 
ANC has not done enough to win whites 
over. Mr. Mbeki said it was a matter of 
education, on which he would hold per- 


WASHINGTON — U.S. officials 
made a show of determination Sunday 
in their confrontation with Iraq, saying 
that President Saddam Hussein would 
not be able to exploit divisions within 
the United Nations Security Council to 
gain relief from UN sanctions. 

Defense Secretary William Cohen 
called Iraq's refusal to give UN in- 
spectors access to presidential palaces 
and other sensitive sites "intolerable.” 

if Iraqi officials block further inspec- 
lions, said Bill Richardson, U.S. am- 
bassador to the United Nations, “ten- 
sions are going to rise dramatically." 

Mr. Richardson, appearing on NBC- 
TV, emphasized the American prefer- 
ence for. a diplomatic solution to the 
standoff. He added, however, that until 
unfettered access is granted to all pres- 
idential sites. “Saddam has no chance 
of gening sanctions lifted." 

Mr. Cohen, on CBS -TV. echoed the 
point. Short of full Iraqi compliance, he 
said, “There is no relief in sight." 

Mr. Cohen reiterated President Bill 
Clinton’s assertion that all options, in- 
cluding military-strikes, remained open. 
“He’s ruled nothing in, niled nothing 
out,” the defense secretary said. Iraq 
has banned UN inspectors from check- 
ing presidential palaces and other sites 
for weapons of mass destruction. 

The Security Council has insisted that 
all sites be opened. 

But a split within the council on the 
issue has grown steadily more apparent 
The United States and Britain have re- 
fused to rule out military strikes such as 
those that U.S. forces have repeatedly 
launched in the face of Iraqi defiance. 

Foreign Minister Yevgeni Primakov 
of Russia, however, insisted last week 
that an “overwhelming majority” of 
the world opposed the use of force, and 
France and China, the other permanent 
members of the council, have expressed 
similar views. 

Mr. Cohen and Samuel Berger, the 
president’s national security adviser, 
acknowledged that Security Council 
members differed in their economic in- 
terests in the region, and on tactics in the 
current crisis. "But on the issue of full 
compliance," said Mr. Cohen, “there is 
no division.” 

Mr. Richardson said it was of “crit- 
ical" importance that the Security 
Council this week reaffirm its support 
for efforts to secure Iraqi compliance. 

“Hopefully," Mr. Cohen said, "the 
Security Council will send a resounding 
signal that it is unacceptable and there is 
no division among Security Council 
members. " 

The council is thought likely to warn 
Iraq to allow UN inspectors full access, 
without stipulating any penalty for its 
refusal to do so. 

The chief UN arms inspector.' 
Richard Butler, reported Thursday to 
the Security Council ihai his teams had 
found evidence that Iraq was hiding 
materials relating to production of 
weapons of mass destruction at sites it 
had placed off-limits. 

He also said Iraq had announced new 
rules that would block UN inspection of 
any site where Mr. Saddam “resides 
and/or works." 

Mr. Berger noted that an American- 
led team of UN inspectors had been 
allowed into a "very sensitive site" 
Sunday morning. But he did not elab- 
orate. 


Miners Claim a Bonanza 
A. Mile Deep in the Pacific 


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Officially, the Euro Is On 

But Outside Ruling Circles, Challenges Arise 




By William J. Broad 

New York Tunes Service 


NEW YORK — For the first time, 
niners have laid claim to rich deposits 
if gold, silver and copper in the deep 
4sa, foreshadowing a possible rush to 
ipen the oceans for metals and a pos- 
ible fight with conservationists over 
xploitaticm of the sea’s dark recesses. 


The sea is considered a last frontier 
for the competing forces of industrial 
development and nature preservation. 


■:V: &V • *<- :.?5* - • •: . > 




By John Vinocur 

International Herald Tribune 




The mining claim was made by Aus- 
tralians in the territorial waters of Papua 
New Guinea and covers an area of 
nearly 2,000 square miles. 

About a mile down, the sites boil with 
volcanic hot springs whose rocky out- 
croppings are laced with iron, zinc, cop- 
per, silver and gold in high concen- 
trations. 

The miners say early assays show the 
claim holds the richest volcanic deposits 
ever found at sea and estimate their, 
likely value at billions of dollars — 
enough, they say, to justify the con- 
siderable cost of extracting them. 

Sample ores contain up to 26 percent 
zinc, 15 percent copper, seven ounces 
<198 grams) of silver to the ton and 
about one ounce of gold — all unusually 
high grades by terrestrial standards. 

.“If you found this deposit on dry 
land, you'd call these bonanza figures,” 
said Ray Binns, a scientist at the Aus- 
tralian Commonwealth Scientific In- 
dustrial Research Organization who 
helped discover the zone. 


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The New York Times 


PARIS — With barely a year to go 
before the European Monetary Union 
comes into being, virtually all sharp 
dissent about the euro from the can- 
didate countries' mainstream political 
parties has evaporated. Left to right, the 
single currency these days largely means 
its single Lisbon-to- Frankfurt embrace. 

Gerhard Schroeder, the pos- 


have abandoned its hints and nudges. 
Within the political and economic es- 
tablishments of Spain, Portugal and 
Italy, everyone wants to be on board. 

The result is that an actively critical 
view of the EMU has been left to the 
periphery. With European markets ap- 
pearing fully confident in the orderly 
introduction of the common currency, 
perhaps the most authoritative econom- 
ic criticism of the undertaking in recent 
months has come from such 


1 f ■MfflAWfcl - VVllIh AAViftA iJ 

sible Social Democratic candi- totheeuro Andean economists as Milton 


The richness of the deposits, experts 


say, means that less processing on land 
will be needed to separate out the dif- 
ferent meals and mm them into in- 
gots. 

The hot deposits are different from 
the icy manganese nodules that litter the 
global seabed and first prompted 
dreams of mining the deep. In die 1 970s, 
rich and poor countries clashed over 
visions of the potential wealth repre- 
sented by the nodules and eventually 
agreed to a division spelled out in the 
law of the Sea Treaty. 

But the nodules, rich in manganese. 


cobalt and nickel, were never mined. 
Land supplies of these metals tu rned out 
to be more plentiful and accessible. 

The new volcanic glitter was dis- 
covered around the globe in the 1980s 
after the nodules came to tight. 

It is much richer in precious metals 
and tends to tie closer to the sea’s surface, 
easing the recovery job. In the last de- 
cade, hundreds of scientific expeditions 
have mapped such deposits. But no one 
has yet mined the rocky outcroppings, 
which can grow many stories high- 


date for chancellor in Germany, 
has just about totally dismounted 


from the EMU-skeptical horse 
he rode throughout the first nine 


See MINE, Page 7 


he rode throughout the first nine 
months of 1997, while Prime 
Minister Lionel Jospin of 1 9 
France, weeks after taking office, dis- 
posed of his view that the EMU stability 
pact was a senseless French surrender to 
German economic rigidity. 

Once the doubting voice of the French 
Tight on the euro, Philippe Seguin, the 
chief of the Gaullist party, is now silent. 
Even the Bundesbank, whose officers 
repeatedly intimated that they saw noth- 
ing disastrous in delaying the EMU's 
stan beyond Jan. I. 1999. appears to 


Friedman and Martin Feldstein, 
who see the euro's success as far 
from guaranteed. 

But the stilled debate in 
Europe is not total silence. There 
9 7 will be at least one serious legal 
attempt in Germany in January to block 
the start of the EMU and a political effort 
in France the same month to recuperate 
the pan of public opinion finding no echo 
for its fears that the euro basically means 
more competition and more unemploy- 
ment. In both cases, the initiatives come 
from outside forces looking in: four aca- 
demics in Germany bringing p challenge 


See EMU, Page 7 




r TugHTfr-** 



PAGE TWO 


.,(hire 


Mugabe Seeks to Bolster Popularity /Can It Hurt to Keep 


Farm Seizures Sow Uncertainty in Zimbabwe 


By Donald G. McNeil Jr. 

New York Times Service 




u 


RMA VALLEY, Zimbabwe — Hennanus 
Vorsier, whose ancestors trekked over the 
Vumba Mountains into this valley in 191 8, 
fumbled through the boxes in his small 


office and produced the deed by which his great- 

mitis 


grandfather bought Gwindingwi Farm in 1921 

•stamped with the ornate crest of the British South 
Africa Co. and has a hand-drawn sketch of the hills 
on it, inked in faint browns and greens. 

His family lost the land once, but he bought most 
of it back in 1985. The patch where his great- 
grandfather, grandfather and father are buried is 
now on a neighbor's land. He would like that back as 
well, but he has a greater worry. He may soon lose it 
all. Not his .12 trucks and 30 tractors, his miles of 
irrigation pipe, his new reservoir or his crops of 
bananas, tobacco and pineapples — but tbe land 
itself, which makes all the rest possible. And he will 
not be paid for it. 

After 17 years in office, and now in. serious 
political trouble. President Robert Mugabe is trying 
to make good on his promise to give his people land. 
He will seize it without compensation, he says, 
since whites stole it on their arrival 107 years ago 
and still hold 70 percent of the best land nearly two 
decades after white rule ended. 

“It's like tbe doctor telling you you've got can- 
cer," Mr. Vorsier said, plumping down discouraged 
on the edge of a desk, die beads of dew on his beer 
mirroring those on his forehead in the evening heat 
"You don't know what your future is." 

If die government takes Mr. Vorster’s farm, it will 
lose the SI 00,000 he pays in taxes each year. His farm 
has 300 live-in employees, hundreds more depend- 
ents, and his b ananas alone, he estimates, support 500 
street hawkers: Asked what would become of diem, 
he shrugged and said, "The government says that's 
their problem, not mine.” 

For years, Mr. Mugabe has been pilloried in 
editorial cartoons that show him aging from a 
revolutionary waving an AK-47 to a president wav- 
ing a cane, each time ritually shouting, "I will give 
you land!” The country has grown cynical. In the 
past, when white fanners’ leases on government 
land were terminated, die poor rarely benefited The 
best farms went to cabinet ministers or became 
weekend retreats for the party elite. 

hi a recent survey by the Ministry of Social 
Welfare, only 2 percent of the 18,000 people polled 
said poverty would be solved by distributing land. 
But Mr. Mugabe has big political problems. There 
are deep rifts in his party over corruption accusations, 
and some in the party have also complained about 
delays in land reform. At the last Heroes Day — 
which commemorates the struggle that led to a black 
majority government in 1980 — the unheard-of 
happened: The president was shouted down by his 
core constituency, former guerrillas he led, and was 
forced to promise them large pensions. 


S INCE tbe looted state treasury lacked the $280 
million required, he raised the sales tax to 17.5 
percent and die income tax to 44 percent and 
doubled taxes on electricity. That infuriated 
another constituency, civil servants. On Dec. 10, after 
a nationwide strike and riots in the capital, the gov- 
ernment scrapped die tax increases, leaving it unclear 
where the money for pensions will come from. 

The World Bank and International Monetary Fund 
have suspended aid because government spending is 
out of control, and Mr. Mugabe, who has taken 21 
trips abroad this year, is accused of ignoring his own 
lie. So he has revived a theme he has raised 
in troubled times — attacking white farmers 



- Fiona HcOnopH/TI*- Nrn Ttvfc linn 


David Hasluck, executive director of the Commercial farmers Union, says white 
farmers who stayed through the independence struggle feel betrayed by the 
government His 3J200-acre farm is on the list of 1,503 that are to be seised 


as selfish, and threatening to give their land to the 
poor. But this time he seems to mean it On Nov. 28, 
the government identified 1,503 farms it will seize. 
The owners were given 30 days to file objections. 


T HE Commercial Farmers Union, most of 
whose4,500 members are white, says the 13.6 
million acres on those farms amount to nearly 
half the country’s c o mm er ci al farmland. 
Whites, who are less than 2 percent of the population 
of 11 million, acknowledge that the distribution of 
land is unfair, but note that some farms are always up 
for sale and say they are willing to help black fanners 
under a plan they rail Team Zimbabwe. 

Commercial farms accountfor 20 percent of gross 
domestic product and employ a quarter of the work 
force, and many fear economic collapse if they are 
broken up. The government has acknowledged that 
land given to new owners may be out of production 
fortwo years. It has no money to move thousands of 
poor families or buy them tools and seed. Fanners 
need loans at planting time, and new owners would 
have a “credit rating of zero,” a banker said. 

Although the Agriculture Ministry had long said 
it would take abandoned or underused farms first, 
the list includes many of die best farms. One belongs 
to a former "Cattleman of the Year.” Ten belong to 
the Anglo American Corp. of South Africa or the 
Oppenbeimer family, which controls it One belongs 
to Ian Smith, the country’s last white president, 
another to the anti-apartheid novelist Doris Lessing. 
Eighty belong to large-scale- black fanners, who 
have protested to the governing party'* s Politburo. 

. Also on the fist is the Burma Valley farm of David 
Hasluck, tbe executive director of the fanners' 
union. On it, dozens of rows of deep green plants 
sparkling with bright orange peppers stretch to the 
wooded hills. ‘‘I get three times the crop of farms 
outside the valley, because there’s no frost,” Mr. 


Hasluck said. On his 3,200 acres he has tobacco- 
curing bams, herds of healthy cattle and — like all 
the Burma Valley farms on the list — a costly new 
reservoir and sprinkler system. 

About 700 of the 1.503 farms are earmarked not 
for the poor but for “transfer to indigenous farm- 
ers.” Several farmers said they believed that meant 
their land would go to government officials in 
Harare who would sell the farms or hire managers 
and pocket the profits. The government has dis- 
missed such accusations as the words of a "racist 
cartel' ' bent on keeping blacks poor. 

In his capacity as leader of the farmers union, Mr. 
Hasluck met with Mir. Mugabe recently. “I told him. 
if someone wants to buy my farm, that’s fine," he 
said of die land his family has worked for 50 years. 
“If I thought it was going to be taken over to resettle 
the landless poor — and the people who work for me 
were taken care of — I wouldn't mind so much. But 
I said, • ft's notpossible that you can just take my farm 
and give it to a black farmer.’ Mr. Mugabe told me: 
‘This is party business. The party has decided.’ ” - 


S OME black workers on farms that are on the 
list are concerned. Patrick Chinibazwa, pack- 
ing-shed manager on a banana farm listed for 
seizure, said he' and 400 fellow workers 
feared for their jobs. ‘ They are worried that a black 
fanner will not have the resources,’ ' he said. 

Two months ago, Mr. Mugabe told Prime Min- 
ister Tony Blair of Britain that he expected Britain 
to compensate white farmers. The British refused, 
saying the 17-year-old issue was Zimbabwe’s to fix, 
arid land seizure would probably increase poverty. 
Lands and Agriculture Minister Kumbirai Kangai 
said recently that the program would go ahead 
without outside aid. "We mean business," he said. 
"We have reached a stage in our history where the 
land question has to be addressed.” 


Avian Flu Kills 3d Hong Kong Victii 


Florida Disney Park 
Outdraws Its Parent 


Reuters 

HONG KONG — A deadly avian flu 
claimed its third victim Sunday, a teen- 
age girl, as international health experts 
worked to contain the virus before it 
spreads. 

A government statement said the girl, 
who was 13, was the third person to die 
from the effects of the H5Ni virus, 
found only in birds until May. 

The total number of cases remains 
eight, three of whom have died. There 
are two other suspected cases. 

Surveillance and testing has been 
stepped up at Hong Kong hospitals and 
clinics. 

The leading flu expert of the Geneva- 
based World Health Organization ar- 


rived in Hong Kong over the weekend to 
join the investigation of the virus and to 
help determine whether it was spreading 
from human to human, the first sign of 
an epidemic. 

The expert, Dr. Daniel Lavanchy, 
said the UN agency and its collaborating 
centers were preparing the special vir- 
uses necessary to develop a vaccine 
against the virus. 

But he said a vaccine against the virus 
would not be ready until the middle of 
next year. 

Even if there are “immediate needs 
in the very near future to make a vac- 
cine, don’t expect a vaccine before mid- 
’98,” Dr. Lavanchy said Saturday. 

The virus is thought lb be transmitted 


through contact with chickens. 

Dr. Lavanchy said no evidence had 
been found so far that the virus was 
being transmitted from human to hu- 
man. 

In France, health authorities said over 
the weekend that preventive measures 
were being taken at airports. 

Travelers from Hong Kong were be- 
ing told they should consult doctors if 
they showed any signs of flu in the two 
days following their arrival. 

Dr. Lavanchy said that there was no 
reason to restrict travel to Hong Kong 
but that there had been growing concern 
overseas of a repeat of a 1968 "Hong 
Kong flu” that killed 46,500 people 
worldwide. 


patrons — to 14.25 
after the California park eliminated the 
intensely popular Main Street Electrical 
Parade in 1996 for the critically panned 
Light Magic Show. 

Walt Disney World in Orlando, Flor- 
ida, however, sold 17 million tickets this 
year, according to Monday’s edition of 
the trade journal Amusement Business. 

Disneyland had its best year in 1996, 
with 15.3 million visitors. 


Israel Picks Up the Pace 
Of West Bank Housing 


Palestinians Say Netanyahu Preempts Talks 

income-tax break of 7 percent 

plus housing loans of $14,000 
sidies for schools. 


p 1 v 

;r . i 

" *i: l ” 


By James Rupert 

Wtotoigrort Post Serv ice 


!n t or more, 
andsub- 


*4t 


OERA, West Bank — Under a gray, 
cold drizzle, a half-dozen concrete- 
spattered laborers worked on tbe foun- 
dation of one of dozens of new homes 
sprouting on a stony ridge at the edge of 
this Jewish settlement. 

Less than two kilometers away, Yona 
Ho ffman , the head of the settlement 8 
kilometers (5 miles) -northeast of 
Ramflllflh, sat in an office lined with 
maps showing bow' Ofra, a village of 
perhaps 2,000 people, is meant to grow 
into a city of about 40,000. “We’re 
completing 50 homes,” Ms. Hoffman 
said, "and starting 24 new ones. We 
need to grow.” 

After years in which Israel froze most 
settlement cons traction in ocoqpied Arab 
lands. Prime Minister Benjamin Net- 
anyahu is encouraging a surge of Jewish 
h ome hi Hi ding. The government has not 
said how man y new homes and apart- 
ments were going up. But in recent 
mouths it has approved contracts to build 
more than 16,000 units just in settle- 
ments near Jerusalem, according to of- 
ficial figures gathered by the Israeli mon- 
itoring group Peace Now. 

Mr. Netanyahu says he is allowing 
settlements to accommodate their pop- 
ulations’ “natur al growth.” But inde- 
pendent surveys suggest that settlement 
construction is outpacing population 
growth and that significant numbers of 
homes are vacant 

The Clinton administration has asked 
Mr. Netanyahu for a "time-out” on 
construction, saying settlements com- 
plicate peacemaking. Each new home 
represents a physical and political an- 
chor lor Israel on land that, according to 
peace agreements, is supposed to be up 
for negotiation in a final peace deal. 

Palestinians, as well as many Israelis 
and foreign governments, condemn the 
expansion as an effort by Mr. Netan- 
yahu’s government to preempt nego- 
tiations. “It is a systematic, stepped-up 
campaign to confiscate more land,’ 
Hanan Ashrawi. a Palestinian Authority 
government minister, said in a recent 
interview. “They will build enough set- 
tlements to fill the West Bank with 
Israelis, and then there won’t be a need 
for final status negotiations.” • 

Mr. Netanyahu, who draws essential 
political support from the estimated 
150,000 West Bank settlers, denies that 
the expansion is an obstacle to peace- 
making and says it is not prohibited by 


In August, a Peace Now- survey of 
120 settlements found 4.700 houses or 
apartments under construction — and 
this month. The Associated Press re- 
ported 7,500 units being built m 65 
settlements. Such construction, enough 
for 20,000 to 30,000 residents, suggests 
housing expansion of 10 percent or , 
moreper year— “well beyond natural# 
growth” of settler populations, whic h is • 
no more that 5 percent a year, Mr. 
Goldblum said. 

American officials say a U.S. gov- 
ernment study last spring reported sig- 
nificant vacancies in the settlements, 
and Peace Now repotted 3,200 vacant 
homes in its August survey. 

Mr. Netanyahu’s spokesman, David 
Bar-flan, denied that the government 
was taking over new land for settle- 
ments, but Palestinians and Peace Now 
said settlers frequently did so by es- 
tablishing distant “extensions]’ to ex- 
isting settlements. “They might put 
three or four mobile homes out on a 
hilltop and begin building permanent 
homes, Mr. Goldblum said. 

■ Protest Over Withdrawal Plan ' 

Hundreds of Jewish settlers protested 
Sunday the planned troop withdrawal 
from more west Bank land, while con: 
troversy swelled over Mr. Netanyahu’s 
railing the West Bank “part of Israel 
Tbe Associated Press reported 









West Bank town of Hebron. 


■ II uib v* wi *■ ■■ • 

several dozen Palestinians threw rocks at 
Israeli soldiers, who responded by firing 
rubber bullets. One protester was 
slightly injured. In a speech Friday to an 
international Jewish media conference in 
Jerusalem, Mr. Netanyahu said the West 
Bank was “part of Israel proper." 


Somali Factions 
Beach Accord $ 
At Cairo Talks 


thepeace accords signed so far. 
Tne go 


The Associated Press 

ANAHEIM, California — Disney- 
land has been unseated as the most 
popular theme park in North America 
by Walt Disney World in Florida. 
Disneyland’s attendance will drop by 


about 6 J5 .percent — roughly 1 million 
million this year 


government has resumed con- 
struction gradually, perhaps because of 
budget, constraints, hut also. to avoid a 
violent' response, said Amiram Gold- 
blum, who monitors settlements for 
Peace Now, which opposes settlement 
construction. "A high-profile move 
would cause an explosion” among Pal- 
estinians, he said, as it did last March, 
when Mr. Netanyahu announced the 
start of work on Har Homa, a new Jew- 
ish neighborhood for 30.000 to be set in 
largely Arab-populated East Jerusalem. 

After Israel captured the West Bank 
from Jordan in die 1967 Arab-Israeli 
war, hard-line Israelis began building 
settlements amid die hostile Arab pop- 
ulation to claim the territory as part of 
Israel. Now, 144 fenced and guarded 
settlements dot the rocky hills and val- 
leys. Most are small villages, although 
some comprise a dozen or so people 
living in trailers, and others are towns of 
as many as 20,000 people. 

Making die be ginnin gs ‘of peace in 
1993, Israel and the Palestinians agreed 
to settle who gets what land in the final 
stage of negotiations. Israel’s Labor 
Party governments froze much of the 
settlement construction, although they 
let it continue where it appeared likely 
that the land eventually would go to 
Israel, Israeli and foreign analysts say. 

Mr. Netanyahu’s government has un- 
frozen old projects and expanded in- 
centives for Jewish settlements to cover 
all of the West Bank. Settlers can get an 


Coupled bpOv SttffFnmt Dtipwchn 

CAIRO — Somali warlords have 
reached a reconciliation agreement after 
more than five weeks of talks in Egypt, 
an Egyptian Foreign Ministiy official 
announced Sunday. 

The accord, worked out during meet- 
ings that began here Nov. 12, will be 
made public Monday at a ceremony at 
the Foreign Ministry, said Medhat Kadi, 
who is in charge of African issues. 

It appeared likely that the declaration 
would be on similar lines to a document 
on national reconciliation presented to 
Islamic summit meeting this month in 
Tehran by the Egyptian foreign min- 
ister, Amr Moussa, on behalf of the 
faction leaders. 

That document said Somali leaders 
had agreed to a seven-point plan and 
were working on further measures tof) 
achieve national reconciliation. A copy v 
was obtained by Reuters. 

Among the points agreed to were: , 

• Safeguard the country’s tndepeih 
dence, sovereignty, national integrity 
and regional security. 

• Adopt a federal system of govern- 
ment 

• Form a 13-member Presidential 
Council to be elected by the National 
Reconciliation Conference. 

• Form a national government to be 
headed by a prime minister selected by 
tbe National Reconciliation Conference. 

• Set up a 189-member Council of 
Deputies with constituent assembly 
powers. 

• Create an independent judicial^ 
body and prohibit the setting up of spe- * 
cial courts. 

, • Hold a National Reconciliation 
Conference in the Somali city of 
Baidoa. (AFP, Reuters) 








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Sooalwt Rewsuc Of Vbtwam. 
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E-max : 5afmc««nKnsm-Orfc.vn 


TRAVEL UPDATE 


WEATHER 


r j Of r the southern edge of Berlin, about 90 ki- 
JMtOOarVn jam to JrOiana lometexs away. Tne jam started easing Sunday 


BERLIN (AP) — Truckers, holiday trav- 
elers and icy weather helped create a traffic 
jam on tbe autobahn to Poland, stretching 90 
kilometers and, by Sunday, trapping some 
drivers for 48 hours. 

The jam started early Friday, when freezing 
rain slowed truckers driving east from Berlin 
ro Frankfurt an der Oder, the sole border 
crossing for trucks to Poland. 

By Sunday morning, the vehicles — mostly 


slowly and 
lometers. 


backup reduced to 40 Jd- 


Water lapped around a Christmas tree in 
Sl Mark’s Square in Venice on Sunday as 
several days of rain swelled canals. (Reuters) 


An air traffic controllers strike over pay 
and working conditions in Zimbabwe stran- 
ded domestic passengers Sunday. Intemation- 
“ ' (AFP) 


trucks — were backed up from the border to al flights were not affected 

This Week’s Holidays 




Are You Prepared ? 

1997 & 1998 Will Generate 
Major Currency Moves. 

Those mover. wt!i directly affect the value of 
your Portfolio. Prepare- yourself to toko 
advantage Of these moves by catling today. 


SUPERIOR Selection of Managed Accounts 

OUTSTANDING Qlotoi Cunvncy Analysis 
EXCEPTIONAL Execution Pons orFuturos 
MINMUMS S10.000 to $5,000,000 (VSD) 

COMMISSION 2-3 FX Sprmads Futuna S1ZS38 


For My Complimentary Services Guide, Latest Research Reports. 
Opinions and Performance Records Cali (24 hour!;,) Toll-Free. 


0100-11100641 

0130820666 

167875828 

~ 0031126600 Karra wr»tuk*> tMMww 08004552 
l&da 95I00B78417S AfcdolaiirirO W2208S7 K Zealand! 0800441880 
Paimr*! 0SD112BZ Stoc pp ore 8001202501" S^i fried 08009 9883 7 
?**** 900931007 BT 020703158 Ja&J 08M897233 

xnmiimuil ISA 80099457S7 UK 06 QC . 36632 


Ansmhs 1000125044 
CatamUa 980120837 
France 0900902248 
Hoag Kang 800967209 
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Belgium ssuoiiww 
Denmark 00010132 Fwlmad 
Orate D 800119213013 Germany 
Israel 177 10001 02 Jafy 

Karra 0038110243 


Spain 


US-Toil Voice Line +714-376-6020 US-Toll Fax Line +7 14.376-6025 


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: 
TUESDAY: Jspm. 

WEDNESDAY : Andorra. Austria. Brazil. Bulgaria, Czech Republic, 
Denmark. Finland. France. Germany. Guatemala. Iceland. Israel. Italy. Liecht- 
enstein. Luxembourg. Macau. Mexico. Nonray, Panama. Portugal. San Marino. 
Singapore. Slovakia. Spain. Sweden, Switzerland. Vatican City. 

THURSDAY: All couiuries except: Afghanistan, Algeria, Ar menia , 
Azerbaijan, Bahrain. Bhutan. Bosma-Herzegovim. China. Cuba. Egypt. Ethiopia, 
Georgia. Iran. Iraq. LsoeL Japan. Kazakhstan, Kuwait. Kyrgyzstan, Libya, Mace- 
donia, Maldives, Mauritania. Moldova. Mongolia, Morocco, Nepal, Oman, Qatar, 
Russia, Saudi Arabia. Serbia, Somalia. Tajikistan, Thailand, Hints la, Turkey, 
Turkmenistan. Ukraine. United Arab Emirates. Yemen. 

FRIDAY: Andorra. Amin. Australia. Austria, Bahamas, Barbados. Belgium, 
Belize^ Benmda. Botswana, Britain. British Virgin Islands, Canada, Cioilia,CypniE, 

Czech Republic. Denmark, Estonia, Finland, Germany, CHiana, Gibraltar, Greece, 
Grenada. Guyana. Hong Kong, Hungary, I celand. Ireland, Italy, Jamaica, Kenya. 
Lsvia. Lesotho. Liechtenstein. Lithuania, Luxembourg, Macau, Malawi, Namibia, 
Netherlands, Netherlands AntiDet, New Zealand, Nigeria. Northern Ireland, Norway, 
Poland. Portugal. Romania. San Marino. Siena Leone, Slovakia, Slovenia, Sooth 
Africa. Suriname, Swaziland. Sweden. Switzerland, Tanzania. Trinidad, Uganda. 
Vatican City. Zimbabwe. 

SATURDAY : Vatican Chy. Sources: JJ*. Morgan. Bloomberg. 


Europe 


Mi^mW 

Tomorrow 
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409 

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Forecast for Tuesday through Thursday, as provided by AccuWeaihsr. 


North America 
A strong storm will bring 
heavy rain to ttis GuB 
Coast states and tha Mis- 
aieaippi River Valley. 
Another storm will bring 
rain and snow to the Mar* 
Himes (or the holidays. 
Western Canada w® con- 
tinue to be unusually mild 
lor late December. 


Europe 

Travel to the British lues 
trio be tampered Tuesday 
and Wetfrmad a y by a fierce 
Atlantic atom that wtt track 
over Ireland Wednesday 
afternoon. It will also be 
cloudy and rainy In eastern 
Europe. Tbe tartan Penin- 
sula and southern France 
w® be sunny and ran lor 
mehoMays. 


Asia 

Very cold air wB be drifting 
south over northwest 
China and Mongolia. In 
contrast. It will be very 
warm In the Philippines 
and Intkneste. High pres- 
sure. centered over east- 
ern China and Japan, win 
keep most of the region thy 
piough tf» hobfeys. mafc- 
Ing ter test travel 


ugmfcMumr. pc-twty ewidy. Ltundawtamw, r<aw straw 

tRHnOl. HCGi W'WQtfWi 


Itapa, forecasts Bid Hats pnwMad by AeoMtaatar. Inc. H« 7 - hapftmueouwMihH-.cem 


Middle East 


One. of the few predictable 
elements of travel. 


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2375 

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18434 

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2toa 

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22771 

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17/82 

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34/75 fE/50 {M 

20775 16/51 4 

Casabma 

1S/B4 

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3309 23773 pc 
27780 1.MGC 

Turf* 

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THE AMERICAS 


ItanU i lo lK ^ A Procedure 

Svu »*yiU;ti> r ,^ ^ To Speed Up 

Abortions 

Technique Can Be Used 
8 Days After Conception 


""'/H 


By Tamar Lewin 

New York Times Service 



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‘ HOUSTON — In the latest of a series 
■ v . ; of new techniques that blur the line 
, A, between contraception and abortion, a 
.- ' growing number of abortion clinics in 
the United States are offering abortions 
to women as early as 8 or 1 0 days after 
.. conception, before they have missed a 
menstrual period. 

. ■ The new technique, pioneered by Dr. 

. Jerry Edwards, the medical director at 
.. ." Planned Parenthood here, is not avail- 
able everywhere, and it is still relatively 
new in most clinics where it is offered. 

. - Nonetheless, many reproductive- 

‘ health experts say it may move up the 
timing of a large number of abortions. 
r “With some of the ultrasensitive 

pregnancy tests now on the market, 
women can pick up a pregnancy even 
■ before they've missed their period,” 

B - said Dr. Michael Burnhill, vice pres- 

’ ‘ • ! ■ \\ i;!,! ident for medical affairs at the Planned 

jj Parenthood Federation of America. 

• "'! “For most women, the sooner they 
know they're pregnant, and the sooner 
‘ they decide what they're going to do, the 

'! > better. With these very early abortions, 
we're talking about a whole gestational 
sac that's the size of a matchstick head. 
It's nobody's picture of a little baby 
bucking its thumb. ’ ' 

■ Though polls show that most Amer- 
icans are more comfortable with early 
abortions than late ones, the National 
Right to Life Committee says there is no 
moral difference, because a unique hu- 
man 1 
ane 

stopthai development 

u" »• m So far, 23 Planned Parenthood affil- 

.OnitiU flrf > al es have begun offering very early abor- 
tions, many of them just in the last few 
months. Vicki Saporta, executive direc- 
ll tor of the National Abortion Federation, 
said that although she did not know exact 
numbers, her group had trained doctors to 
perform such abortions, and the tech- 
nique was spreading to other clinics. 

What has made the new technique 
possible is a combination of better ul- 
trasound imaging that shows the gest- 
ational sac in its earliest stages and more 
sensitive pregnancy tests, some of 
which can now detect pregnancy as soon 
as the embryo is implanted in the womb, 
a week to 10 days after fertilization. The 
technique uses a hand-held syringe that 
avoids both the noise and cost of the 
vacuum pump used for later abortions. 

Traditionally, doctors have been re- 
luctant to perform abortions before six or 
seven weeks of gestation, because of the 
lack of accurate early pregnancy tests 
and the risk of incomplete abortion. 

’ Medically and legally, abortion- 
. rights advocates say, pregnancy starts 
with implantation. The Roman Catholic 
Church and the National Right to life 
v Committee, however, believe that preg- 
4 nancy begins with the union of a sperm 
' and egg. 

“As soon as an egg is fertilized, it 
starts growing into a human being with 
its own individual DN A, different from 
its parents, ” said Laura Echevarria, the 
committee’s director of media relations. 
“Scientifically speaking, there's no dif- 
ference between a fertilized egg and 
what you have three weeks later. Saying 
it's O.K. to kill it in the early stages 
because you're more comfortable with 
that is completely arbitrary.” 

These philosophical differences re rf 
main as sharp and bitterly debated as 
ever. But as a practical matter, the pos- 
sibilities available to women who want 
to avoid child-bearing come close to 
'^erasing the line between contraception 
■ and abortion. 

“Medically and legally, there s a dif- 
ference between contraception and 
abortion." said Janet Benshoof, pres- 
ident of the Center for Reproductive 
Law and Policy. “But for women who 
. do not want to have a baby, it's now a 
seamless web.” 



POLITICAL NOTES 


LscLai* JibfinUr twulall'n- 


Cardinal Jaime Ortega greeting well-wishers after Mass in Havana where he read a message from Pope John Paul 
H, who praised the Cuban government’s declaration of Dec. 25 as a holiday in honor of his upcoming visit. 

Miami Archdiocese Cancels Cuba Cruise 


Nr*' York Times Service 
MIAMI — The archbishop of Miami 
has canceled plans for American Cath- 
olics to travel on a cruise ship to Cuba 
for Pope John Paul D’s visit next month, 
calling the means of transportation “a 
source of serious tension in our com- 
munity.” 

Archbishop John Favalora bowed to 
pressure titan Cuban exile organiza- 
tions and civic leaders who told him a 
ltucuiy cruise ship was insensitive to 
those who died at sea trying to escape 


from Cuba and the hundreds of Cuban 
priests expelled from the island by ship 
in the I9o0s. 

Archdiocese officials said that the 
group planned to charter an airplane 
instead. 

"I’m very grateful to the archbish- 
op,” said Rafael Penalver Jr., a Miami 
lawyer active in Cuban exile affairs. He 
also is pan of a group of prominent 
Catholics that met on Thursday with the 
archbishop over the issue. 

“We are opposed to the church spon- 


soring a symbol that would be exploited 
by the Cuban government,'* Mr. Pen- 
alver added. 

The church had chanered a Norwe- 
gian Cruise Line ship for what it de- 
scribed as a pilgrimage to show soli- 
darity with Cuban Catholics. 

But the plan faced intense opposition 
from Miami’s conservative exile lead- 
ers whose pressure on the archdiocese to 
cancel the sea voyage intensified last 
week when they made their appeals 
public. 


Caribbean Is Warming to Castro’s Isle 

English-Speaking Nations Bury the Cold War and Open Up Exchanges 


By Larry Rohter 

New York Times Service 



KINGSTON, Jamaica — After nearly 
15 years of American-induced separa- 
tion, Cuba and the English-s peakin g 
countries of the Caribbean are moving 
rapidly to reactivate their relations. 
Thanks to that effort, Elvis Lopez Cal- 
deron, a 32-year-old Cuban mathematics 
teacher, has a new job hoe. 

Mr. Lopez is one of 19 Cubans who 
arrived here last month to spend two 
yeare teaching in Jamaican schools. 
Their presence was made possible by 
several trade and technical agreements 
foal Jamaica and Cuba signed when 
Prime Minister P J. Patterson visited 
Havana in June, and it recalls similar 
Cuba-Jamaica exchanges in the 1970s 
that incurred Washington's wrath. 

In those days, of course, programs to 
bring Cuban doctors here or send Ja- 
maican students to Havana were seen in 
foe context of the Cold War and the 
eagerness of Michael Manley, then prime 
minister, to bufld Third World alliances. 
But Jamaicans in and out of government 
argue that times have changed and that 
the policy of foe English-speaking Carib- 
bean needs to change,-too. 

“Communism has broken down and 
represents no threat to us in the region,’ ’ 
said Claude Packer, director of Mice 
Teachers College, where Mr. Lopez is 
teaching calculus. “That era is gone, 
and since we are their neighbor, only 90 
miles away, we think there can be col- 
laboration and cultural exchange that 
works both ways.” 

With that notion firmly implanted 
here, Jamaica, foe largest English-speak- 
ing nation in foe Caribbean, is once again 
leading efforts to reach out to Cuba. 
Jamaican policy, like foal of a growing 
number of Caribbean countries, is one of 
“deepening foe collaborative ties be- 
tween our governments and peoples,” 
Foreign Affairs Minister Seymour 
Mull mgs said recently. 

Several Caribbean nations, including 


Jamaica, Barbados, Guyana and Trin- 
idad and Tobago, first established dip- 
lomatic ties with Cuba a quarter of a 
century ago. defying - Washington’s 
policy of political and commercial iso- 
lation. But after the United States and 
countries of foe eastern Caribbean in- 
vaded Grenada in October 1983 to put 
an end to Cuban influence there, those 
relationships cooled. 

Besides Mr. Patterson, who is cur- 
rently chairman of the 15-member 
Caribbean Community, or Can com. 
Prime Minister Keith Mitchell of Gren- 
ada and Prime Minister James Mitchell 
of St Vincent and foe Grenadines have 
also traveled to Cuba this year. This 
month, Billie Miller, foreign minister of 
Barbados, foe country from which the 
1 983 invasion of Grenada was mounted , 
also paid an official visit to Havana. 

“We have to be able to strike stra- 
tegic relationships with those who are 
willing to help us in charting a course of 
serious development as we confront foe 
■ 21 sr century,” Keith Mitchell said earli- 
er this year. “When we look back at our 
relationship with Cuba. I think most 
Grenadians of all ages and groups agree 
that overall, the Cuban role and pres- 
ence here was positive. ”■ 

Fidel Castro, the Cuban leader, has 
been invited to attend a Caricom summit 
meeting in Grenada early next year. 
Cuba recently opened an embassy in 
Trinidad, and Mr. Castro may also visit 
Jamaica sometime in 1998, diplomats 
said. 

A Caricom delegation met with Cu- 
ban officials in Havana this month to 
discuss such trade, investment mari- 
time links and bilateral projects. Hie 
meeting followed Caricom *s earlier en- 
dorsement of Cuba’s effort to gain eli- 
gibility for European trade benefits that 
foe rest of foe Caril 


ther as the Cuban economy opens to 
foreign investment. 

Officials from several countries said 
that Cuba’s emergence as a tourist des- 
tination in recent years has been an 
equally important factor in their de- 
cision to expand ties. Air Jamaica flies 
to Havana three times a week from its 
hub in Montego Bay. and the Super- 
clubs group, a leading Jamaican resort 
chain, manages half a dozen hotels in 
Cuba. 


White House. Plans 
Tax fc Counterpunch ' 

WASHINGTON — The White 
House has decided against offering 
any major proposals to cut or simplify 
taxes in its forthcoming election-year 
budget, gambling that it can success- 
fully counter Republican plans by 
portraying them as regressive and ir- 
responsible. 

While producing their own tax sim- 
plification formula had political ap- 
peal. senior administration officials 
said they kept coming back to the 
conclusion that there was no way to 
do so without increasing taxes on the 
middle class or derailing the plan to 
balance the federal budget by 2002. 

The White House has decided that 
any attempt to eliminate foe deficit in 
fiscal 1999. even under the rosiest 
scenarios, would cause too many up- 
heavals. 

“The best way for us to get a 
balanced budget earlier is to stay with 
this fiscal discipline the president has 
led over foe last five years and resist 
the temptation to spend money wc 
don’t yet have.” said Gene Sperling, 
head of the White House National 
Economic Council. 

Rather than make major tax pro- 
posals. President Bill Clinton and his 
aides probably will sit back and let 
congressional Republicans lake the 
lead, on the theory that they are too 
divided among themselves to force a 
unified approach and. even if they do. 
restructuring the tax code would re- 
quire unpopular trade-offs that could 
be exploited by Democratic candi- 
dates in foe 1998 midterm elections. 
“This is an issue where we're better 


off rounieipuncfting.” a top official 
said. tU'Pi 

Term-Limit Measure 
Upheld in California 

LOS ANGELES — Upholding a 
measure that has dramatically re- 
shaped electoral politics in the na- 
tion’s most populous state, a federal 
appeals coun has ruled that legislative 
term limits approved seven years ago 
by California voters do not infringe 
politicians' constitutional rights. 

The S-3 ruling by foe 9fo U.S. Cir- 
cuit Court of Appeals in San Francisco 
reversed two earlier federal court rul- 
ings this year, both of which had over- 
turned the limits. 

Opponents of term limits vowed to 
appeal the ruling Friday to the U.S. 
Supreme Coun. 

The ruling came less than two 
months before the Feb. 4 deadline lor 
candidates to file for statewide elec- 
tions next year, and supponers of term 
limits said foe Supreme Coun would 
be unlikely to block the law before 
then. Linder the law as it now stands. 
26 state legislators, including the As- 
sembly speaker and the Senate ma- 
jority leader, must ret ire. t :V } T i 

Quote /Unquote 

Dick Morris. President Bill Clin- 
ton's former pollster, on why the pres- 
ident wanted a dog: “He sits in his 
sitting room, with Chelsea's portrait 
on foe wall, playing solitaire, with an 
unlit cigar, what people don't really 
get is that the presidency is a very, 
very solo job." (M Tl 


Away From Politics 


• Intruders tried unsuccessfully to 
dig up granite paving stones ai the 
gravesite of President' John Kennedy 
in Arlington National Cemetery, U.S. 
Park Police said. The stones, near the 
eternal flame at Mr. Kennedy's grave, 
weigh several hundred pounds each 
and are anchored together. (AP) 

• A young Georgia pupil has been 
suspended for (0 days for bringing a 
gift-wrapped bottle of Bordeaux wine 
as a Christmas present for his French 
teacher. Cosmo Zinkow. a teenager, 
violated Georgia laws against pos- 
session of alcohol by a minor and 
bringing alcohol onto school prop- 
erty, Cobb County school officials 
said. The offender’s father said that 
his son had offered his teacher the 
bottle of wine in a sealed box wrapped 


ribbean already en- 


joys. 


At foe beginning of the decade, trade 
between Caricom and Cuba was barely 
$5 milli on. That figure has since grown 
tenfold, and is expected to increase fur- 


AMERICAN 


TOPICS 







S 


An Annus MirabiXis 
For Calendar Buffs 

They are too big to stuff in 
I a stocking. Otherwise, calen- 
dars are the near-perfect an- 
swer to many gift-seekers’ 
needs. In department stores, 
bookstores and seasonal 
shopping-mall kiosks, their 
sales have exploded in recent 
years. 

. The buyer faces an almost 
daunting array of choices. 

Dog lovers, for example, 
can insist on a calendar not 
just about bulldogs but about 
English bulldogs. 

Calendars celebrate 120 
breeds, from Belgian malin- 
oys to miniature schnauzers, 
reports the Los Angeles 
Times. 

There are humorous calen- 
dars — Gary Larson's “The 
Far Side” calendar remains 
the favorite — and the se- 
riously artistic, featuring clas- 
sical etchings or conterapor- 
1 ary photography. 

Elegant European 
calendars sell well, as 
endars by African-American 
artists. 

Calendars of lightly 


iter 


dressed men and women are 
perennial best-sellers, but a 
more serious “Great Women 
of the World,” from the Li- 
brary of Congress, is also do- 
ing well. 

There is a calendar for left- 
handed people, and a “Cal- 
endar of Fat,” which features 
photographs of foods that 
vary wildly in terms of bulk 
but have the same fat content 
— one chocolate chip versus 
five pounds of grapes, for ex- 
ample. 

Calendar sales worldwide 
have passed $5 billion a year, 
according to a trade associ- 
ation in Chicago, and they 
appear to be beaded up. 

With prices averaging 
around $12, that is a lot of 
calendars. 

Short Takes 

The Brooklyn Bridge is 
for sale, son of, and this time, 
no s ram is involved. On Jan. 
2; a home-shopping televi- 
sion channel, QVC, will hold 
live bidding for the right to 
have one’s name featured on a 
plaque on the bridge as its 
“owner.” 

Bidding is to stair at 
$ 25 , 000 , with the proceeds to 
help pay foe costs of bridge 
upkeep. 

The ciiy hopes a corpora- 
tion or well-heeled individual 
will see foe care of the 114- 
year-old landmark as a good 


cause. Or why not giveit to a 
friend for Christmas? 

Then there is this, for the 
last-minute shopper with 
more than adequate means: 
At the Ritz-Carlton in Tysons 
Corner, Virginia, Mom and 
Dad can really knock Junior’s 
socks off. A fonr-day package 
at foe five-star hotel includes 
a stay in foe presidential suite. 
On Christinas morning. Ju- 
nior awakens to a roomful of 
toys, assembled and wrapped, 
from F.A.O. Schwarz. They 
include a man-sized stuffed 
bear ($2,900), a gas-powered 
Mercedes one-seater 

($6,200) and a Sing and Snore 
Ernie (a mere $39.99, but so 
hard to find that a black mar- 
ket has sprung up). Lest Mom 
and Dad feel neglected, foe 
hotel provides beluga caviar, 
Dom Perignon Champagne, 
massages, dinner and a baby- 
sitter. Cose a cool $3 5,000. 
But then you can’t put a price 
on Junior’s happiness ... can 
you? 

Mary Christmas loves the 
holidays, especially the one 
site’s remind ed of whenever 
someone calls her namp. Her 
stationery bears the festive 
line, “From the House of 
Christmas.” She named her 
first son Joseph. “My mama 
named me Mary when I was 
bom, but ittook me 20 years 
to marry a man by the name of 


Christmas.” said foe 62-year- 
old from Las Cruces, New 
Mexico. 

Names with a holiday ring 
can be a headache, however. 
Just ask Kathy Claus, wife of 
Chris Claus, who is the broth- 
er of Nicholas Claus. “It’s a 
great conversation starter.” 
she said, “but we can’t even 
order a pizza at this time of 
year' ’ without being taken for 
pranksters. 


Brian Knowlton 


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with Christmas paper. Hie teacher 
reported the boy lo the school prin- 
cipal. who suspended him. i Renters i 

•The NAACP national board voted 
in Chicago to remove a longtime civil 
rights activist. Hazel Dukes, from foe 
board after she admitted stealing 
more than $13,000 from an associate 
who has leukemia and who trusted 
Ms. Dukes with her finances. (API 

• The largest U.S. nuclear utility 
was forced to shut foe third of seven 
atomic power plants, this time be- 
cause of concerns over fire-safety 
procedures. At Commonwealth Edis- 
on’s Quad Cities nuclear station near 
the Illinois border with Iowa, a fourth 
of foe seven power plants is shut for 
maintenance. (AP) 












PACE 4 



ASIAIPACIFIC 


CIA Spy’s Defection in ’87 Defused Taiwan’s Nuclear Bomb Program 


♦j* 1 " 


I, 


Vll?! rr 


that the colonel had defected, dealing a crippling 
blow to Taiwan 1 
work has never 
described in detail 

That weapons program had the porenriai ro 
ignite a war. China had threatened a military 
attack if Taiwan deployed a nuclear weapon. And 
Taiwan was closer to developing a nuclear 
cording to former intelligence officials. ■ ' weapon than was previously known, according to 

The theft by Colonel Chang Hsien-yi, a long- * a study to be published next month in die Bulletin 
time Central Intelligence agent in Taiwan, halted of the Atomic Scientists, 
a program that 20 years of international in- The study provides lessons for stopping thfc 
spection and U.S. intervention had slowed but spread ofnudearweaponstoday.lt shows bow a- 
never stopped, the officials said. nation can secretly and patiently assemble a 

The covert U.S. operation culminated 10 years nuclear weapons program piece by piece, as 
ago this month. And though it was reported then several U.S. allies and enemies — among them 


By Tim Weiner 

, New York Times Service 

WASHINGTON — A U.S. spy whose role 
•was cultivated for two decades rose to the top of 
Taiwan ’s secret nuclear weapons program and, at 
a crucial moment, stole vital documentation that 
stopped the bomb program in its tracks, ac- 
cording 


Israel, Iraq and Iran — have done with varying nurtured and cultivated 


sessing nuclear arms. 

The stray of Colonel Chang, who was deputy 
director of Taiwan's nuclear energy research 
institute and the spy who stopped the nuclear 
weapons program, has never, been fully told. 

The CIA refuses to discuss it, and Colonel 
Chang effectively disappeared after he defected 
to foe United States 10 years ago. 

He was recruited as a CIA agent in the 1960s, 
according to former intelligence officials. In foe 
1970s, as he rose through the ranks of Taiwan's 
secret weapons hierarchy. Colonel Chang was 




, satellites, 
former intelligence officials who dis- 


iuwan hum »»»*• - 

n-oartment officials confronted 

Ut toe rormcr imeiugpacc omuuua wu« «»- v™«v. — . ._ hu ij .Ug omeram. 

cussed foe case, only James Lffley, a retired U.S. Taiwan, which agrped th^actually did 

ambassador and former CIA station chief in -TJK ™ a , yjuy said, referring to the 
Bdjing, agreed to be quoted by name. Mr. Lilley soraefoingnght, Mri j . communities. 
She telieved it Im to for the case to UA 
publicly acknowledged as a great success. "They got the gW 

“Yot pick a comer, put foe right ease officer tatmn. And been 

on him and recruit him carefully, on an ideo- Taiwan s official {X» «.j en rific exoerrise and 

lexical basis — although money was involved — that it will not use «* nuclear weapon 
mS keep -in toud^Mr. Lilley said. “Then, in technical abilities to build a nuclear weapon. 


IvilliH"' 


The 2 Kims Agree to Pardon Chun and Roh 


BRIEFLY 


IH 


By Steven Mufson 

Washington Post Sen-tee 

SEOUL — In an attempt to 
promote national ' reconcili- 
ation and focus on South 
Korea's economic crisis. 
President Kim Young Sam 
and President-elect Kim Dae 
Jung have agreed to pardon 
two former leaders who are 
serving Jong prison sentences 
for treason and graft 

The two jailed former pres- 
idents, Chun Doo Hwan and 
Roh Tae Woo. were arrested 
in late 1995 and- sentenced 
last year for (along hundreds 
of millions of dollars in bribes 
from businessmen and for 
playing leading roles in foe 
December 1979 military coup 
and foe May 1980 suppres- 
sion of a pro-democracy up- 
rising in Kwangju. 

Mr. Chun was serving a life 
sentence and Mr. Roh a 17- 
year term. 

Twenty-three of their as- 
sociates imprisoned on sim- 
ilar charges also were 
pardoned. Of those, 17 were 
jailed in connection with the 
1979 coup and 1980 massacre 
and six in connection with 
corruption charges. 

In a statement read by his 
spokesman, Kim Young Sam 
said this was foe time when 
‘ 'the country should mobilize 
all its resources through re- 
conciliation and overcome 
the present economic 
crisis." 

President-elect Kim en- 
dorsed foe pardon even 


though he was jailed and ex- 
iled by Mr. Chun, the former 
military leader. 

Several mouths 'after foe 
coup in December 1979, Mr. 
Chun, then president, ordered 
foe arrest of Kim Dae Jung on 
charges of fomenting foe 
Kwangju uprising that ended 
in the deaths of 200 people. 
Mr. Kim was subsequently 
tried and sentenced to death. 
After Washington inter- 
vened, Mr. Kim's sentence 
was reduced to life in prison 
and then to a 20-year term. He 
was released two years later. 

“One of the important 
campaign promises on foe 
part of the president-elect was 
to bring the country together 
for what he termed grand na- 
tional harmony, reconciling 
regions and bringing all foe 
people together.’ ’ said an aide 
to Kim Dae Jung. “What bet- 
ter way than for him to 
demonstrate that he meant 
what he said than giving par- 
don to two political leaders 
who persecuted him. " 

After foe pardon is ap- 
proved by foe cabinet Mon- 
day, Mr. Chun and Mr. Roh 
will be free to return home 
with all their rights as cit- 
izens. including foe right to 
participate in politics. 

But the privileges usually 
given former presidents — a 
pension, three secretaries,' re- 
duced costs for train fares and 
medical care — will not be 
restored. Moreover, in con- 
nection with charges about 
their former slush funds, Mr. 


putrt 

hind 


Chun and Mr. Roh will be 
liable for hefty fines, only 
small portions of which have 
been paid. Mr. Chun must pay 
$137 milli on and Mr. Roh 
$163 million. 

You Jong Kuen, governor 
of North Cholla Province and 
an informal adviser to foe 
president-elect, said it would 
have been better if Mr. Chun 
and Mr. Roh had sincerely 
expressed contrition. 

But I think it's good to 
mt foe era of divisiveness be- 
and open a new chapter 
of reconciliation," he said. 

Kim Dae Jung’s consent * £ :p. v * -fr.i 

was necessary, Mr. You said. >•' -M' r /.;?/■ • ‘ ''-Mf * j 
because he had pressed earlier / K - * 

for the trial of the former lead- 
ers and because he had 
suffered at their harfds. 

“Kim Dae Jung has been 
foe most prominent victim of 
persecution by foe military 
dictators," Mr. You said 
“So if anyone can say ‘I 
suffered' and say -Enough is 
enough,’ it's Kim Dae 
Jung. 

One of South Korea’s best 
known h uman rights group 
criticized foe decision to free 
the former presidents. 

“The decision really pro- 
vokes our anger. Why should 
laws exist if they fail to pun- 
ish foe most ugly criminals?’ ' 
said Lim Ki Ran. a spokes- 
woman for Mingahyup, Reu- 
ters repeated. “The amnesty 
is a backward step in our his- 
tory and will not help heal 
national wounds inflicted by 
Chun and Roh.” 



Former Presidents Roh Tae Woo, left, and Chun Doo 
Hwan at their sentencing in 1996 in a Seoul court- 


- 54% in Okinawa City 
Opp ose U.S. Heliport 

TOKYO — Nearly 54 percent of foe 
voters in a referendum Sunday in Nago 
opposed foe construction of a U.S. military 
helicopter port near the city to replace one 
elsewhere on Okinawa, whose leadership 
has sought to reduce the U.S. military pres- 
ence. 

The outcome of the vote was not binding. 
But the Okinawa governor, Masahide Ota, 
declared, “We have to put great importance 
on what the people have said through this 
vote.” 

Voters had four choices, and 16,254 
simply voted to reject foe heliport Another 
385 opposed it on foe grounds that “eco- 
nomic benefits and environmental protec- 
tion cannot be expected." The total neg- 
ative vote was 16,639, or 53.8 percent. 

Only 2,562 gave unqualified approval. 
Another 11,705 approved “with foe ex- 
pectation that the city will receive eco- 
nomic benefits and a promise to protect the 
environment” from foe central govern- 
ment. 

The United States wants to build the 
floating heliport near Camp Schawb, a U.S. 
Marine base in Nago, to handle flights now 
made from the Futemrna Air Station, which 
is to be closed in five to seven years. (AP) 

Divers Find Only Bits 
Of Singapore Jetliner 

MAKARTI JAYA, Indonesia — In a 
blow to foe search for victims from a 
crashed Singapore-owned jetliner, a rescue 
commander said Sunday that divers had 
mistaken pieces of the plane op a murky 
riverbed for a mostly intact fuselage. 

Rescue crews searching in swift cuirents 
said earlier that they had found most of the 


wreckage of foe SilkAir Boeing 737, which 
crashed Friday. The police believe that aU 
104 people on Flight MI-185 were killed 
whenit plunged into the Musi River on 
Sumatra Island. Police and navy teams have 
recovered some human remains, luggage 
and passports. 

Factions Halt Fighting 
In Northern Cambodia 

CHONG CHOM PASS, Thailand — 
Fighting died down Sunday between Cam- 
bodian factions, a day after an opposition 
leader claimed to have reached tentative 
agreement on cease-fire talks. 

No artillery or mortar exchanges were 
heard for foe first time since Dec. 15, when 
the army of foe Cambodian leader, Hun 
Sen, began an offensive against troops loyal 
to the deposed co-prime minister, Norodom 
Ranariddh. 

The reason for the lull was unclear, but it 
followed a report by a Cambodian oppo- 
sition leader, Sam Rainsy, that Mr. Hun 
Sen, Prince Ranariddh and foe top resis- 
tance general had agreed in principle to a 
cease-fire. MF * 

Laotians Go to the Polls 

VIENTIANE, Laos — With all foe can- 
didates approved in advance by the ruling 
Communists, Laotians voted Sunday tor a 
new Parliament that is expected to continue 
gradual changes toward a more open econ- 
omy. 

voting is mandatory for the 2.5 million 
eligible voters among the country's 4.5 
million people. Results will be known in 
four to five days. 

Among the 1 59 candidates contesting the 
99 National Assembly seats, all but four, 
who are businessmen, were members of foe 
Lao People’s Revolutionary Party. ( AP ) 


% 


Hard Cash for the Homeland 

Korean- Americans Sending Millions to Offset Crisis 


By William Booth 

Washington Post Service 


LOS ANGELES — Bobby Moon Lee. 
dressed ro impress in a fine wool suir, vaJet 
parks his black sedan, rakes a hand through his 
gelled hair and clutches his zipper ed purse, 
holding a cellular phone and plenty of 
plastic. 

He is on a mission of mercy. • 

During the holiday season. Korean-Amer- 
icans who are doing well — and even those 
snuggling as house painters , liquor store 
clerks and dry cleaners — traditionally send 
back to their homeland boxes of presents. 

But this year, as foe South Korean economy 
experiences an economic collapse. Mr. Lee 
ana thousands like him are sending home 
cold, hard cash. 

Lois of it. Millions. In Korean communities 
around foe United Stares — in Washington, 
Seattle, Chicago, New York and particularly 
here in Southern California, home to more 
than 500.000 Korean immigrants — millions 
of dollars are being wired back into the 
Korean economy. The money is being seat as 
cash gifts, loons to friends and family and, 
with the easing of restrictions demanded by 
the International Monetary Fund as part of its 
bailout program, as stocks and other invest- 
ments. some at bargain-basement prices. 

There is heartfelt feeling in foe gift-giving 
by Mr. Lee and other Korean- Americans, but 
there is something else, loo. There has always 
been a certain subtle level of envy or jealousy 
or friction between those who came to Amer- 
ica and those who did not, an almost sibling 
rivalry, and now foe little brother in America 
— who endured the Los Angeles riots and the 
hand lessons of the immigrant experience — is 
sending not only cash, but also a message. 

“The mother country is hurting,' ’ said Mr. 
Lee, a 40-something owner of rental prop- 
erties and a member of the “1.5 generation,” 
those who were bran in Korea but who grew 
up mostly in Los Angeles and other U.S. 
cities. “My money will help, and it gives me, 
I don't know how to explain this, some sat- 
isfaction." 

Mr. Lee smiled. “It is only a drop in the 
bucket, I know. But it feels tike we are bailing 
them out of their trouble. 1 ' He said he thought 
this was somehow ironic, given South 
Korea's recent climb to affluence, yet also sad 
and serious. 

Korean-American banks in Southern Cali- 
fornia, many started by a few hundred im- 
migrants pooling their money, are reporting a 
surge in wire transfers to Seoul. The banks, in 
self-interest, are waiving the transfer fees. 

In early December, foe Korean government 
revealed that the country’s foreign debt was 
about $160 billion, far larger than previously 
believed, and most of it short term. South 
Korean officials have appealed to the in- 
ternational community ana investors to help 
prop up their faltering banks. 

The Korean-American Chamber of Com- 
merce began a campaign several weeks ago, 
urging immigrants here to send cash instead 
of, or in addition to, holiday gifts. Taking out 
ads in the community newspaper here, the 
chamber suggested that eveiy Korean- Amer- 
ican send SI 00 to the mother country, lnffie 
best possible" response, said Harrison Kim, 
executive director of the chamber, that might 


translate into $50 million to $ 100 million from 
foe States. 

“It is more of a symbolic thing," said Jin 
Chul Jhung, president of Royal Imex, an 
import-export firm and an officer at foe Over- 
seas Korean Traders Association, one. of foe 
many such business groups that have a par- 
allel role as civic ana cultural organization. 
“We’re helping. But it is really for our own 
peace of mind. The debt is so large." 

Unlike foe more established Japanese and 
Chinese, the Korean community in foe United 
States is among foe newest of the immigrant 
groups. There were only an estimated 10,000 
Koreans living in Southern California in 
1970. There are more than a half-million 
today, making it one of foe largest populations 
of Koreans outside Korea. The Korean-Amer- 
ican Chamber of Commerce estimates that in 
Los -Angeles County alone there are probably 
25,000 businesses owned by Korean-Amer- 
icans with gross annual sales of $4.5 billion. 

The first wave of Koreans often opened 
small businesses — dry cleaners and comer 
markets and small sewing shops. Some of 
these were among foe hardest hit during the 
1992 riots, and the community and its busi- 
ness class is struggling in the aftermath — not 
only rebuilding but also taking classes in 
English and working to overcome a repu- 
tation, particularly among their black and 
Latino clients, for rudeness. 

The community is growing nor only larger, 
but also more sophisticated and Americanized. 
Kelly Suh. 22, was having coffee with her 
friends in a trendy Korea town cafe and con- 
fessed that she feels foe turmoil in South Korea 
is far, far away. “My parents talk about it all 
the time, but for me. I'm more American than 
Korean," said Miss Suh, a graphic artisL 

“It's not like I’m going back to there to 
live. I feel sorry for them, the Koreans in 
Korea, you know, but it's their own fault." 

This kind of thinking represents a sea 
change in the community. 

“in foe 1970s and ’80s, foe Koreans who 
came to America were seen as foe cream of foe 
crop, the elites and people back in Korea were 
somewhat jealous of them," said Ed Chang, a 
professor of ethnic studies at foe University of 
California at Riverside and a Korean-Amer- 
ican who studies the- community. “But be- 
ginning in foe 1990s, foe Korean economy rose 
so sharply and the value of the dollar fell, and 
so many Korean-Americans felt that Koreans 
were celebrating too much and too early." 

When nouveau riche tourists came from 
Korea to Koreatown, to shop and party, they 
were looked down upon. “They came and 
bought Burberry coats and brandy," said An- 
drew Ahn, a Korean-American and business 
editor of foe Korean-languoge Korea Times. 
"They should have been more thrifty. That's 
what Korean-Americans thought." 

Orange is coming to Koreatown, The close 
ties of family and finance are changing. Hie 
signs advertising services to immigrants and 
Korean tourists, once all in Korean, are be- 
ginning to include English, in the hopes of 
wooing new non-Korean customers, but also 
for another reason. 

“I can't read Korean as well as I should." 
said Miss Suh, foe graphic artist. When she 
goes to a Korean restaurant, “sometimes I 
wish they just gave me a menu in Englisb. 
That’s foe way I think things are going.” 




Ijtt: ******* 




Ml 

fcSBfc * 

■< -5 *• 




PAGE 3 




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INTERNATIONAL HERALD TRIBUNE, MONDAY, DECEMBER 22, 1997 


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I-^ON — Violence flared in two 
tense French suburban communities as 
angry youths continued their protests 
against the police killing of two young 
men, the police said on Sunday. 

Eight cars were set ablaze in a Lyon 
suburb where Fabrice Fernandez, 24, 
•was shot to death Thursday while being 
interrogated by a policeman now under 
. investigation on murder charges. 

Mr. Fernandez was killed with a rifle 
. seized by a policeman from the victim 
or his half-brother, who also was ar- 
rested along with a third person, of- 
ficials said. 

According to the police, rampaging 
youths burned 27 cars and three trucks 
Friday night and Saturday. Five or six 
gunshots were fired at police and fire- 
men at the scene, they said, with one 
bullet piercing a police car. 

Authorities were originally to open 
in investigation for “voluntary injuries 
leading to unintentional death.” But the 
officer who fired the shot was finally 
placed under investigation on the more 
serious count of voluntary homicide, 
which could bring a 30-year prison term 
on conviction. 

In a Paris suburb, youths hurled 
■ stones at riot police but caused no major 
[damage in the latest night of violence 
after a- 16-year-old, AbdeDtader Bouzi- 
ane, was shot in Dammerie- les- Lys on 
.Tuesday as he tried to drive through a 
roadblock. 

Originally explained as a accident, 
the death of Mr. Fernandez looked more 
suspicious the more officials looked in- 
to it, judicial sources said. 

The accused policeman had twice 
been sanctioned for unprofessional con- 
duct in the past 

Alain Pappalardo. a half-brother of 
Mr. Fernandez and detained with him, 
said he saw the victim's blood-covered 
face and heard officers in the police 
station boasting after the killing. 

The family of Mr. Fernandez, the 
unemployed rather of three, called for a 
silent protest march on Monday. Mr. 
Fernandez was in custody as a suspect 
because police had found him carrying 
the firearm after hearing gunshots. 

Although unrelated, the incidents 
were part of a recent wave of violence 
around large French cities where bored 
and unemployed youths take out then- 
anger by attacking police and public 
transport. . . (Reuters. AFP) 



Mission to Bosnia: A Mixed 2 Years 


Peacekeeping Successes Are Tempered by an Aversion to Risk 


By William Drozdiak 

Washington Past Service 


TUZLA, Bosnia — When the Dayton 
peace accords were signed and the 
NATO-led peacekeeping mission start- 
ed to roll imo Bosnia in December 1995, 
Lieutenant Colonel Michael Helmick 
was prepared for the worst For two 
years he had labored at allied headquar- 
ters in Belgium on military intervention 
options as the Balkan ethnic wars raged 
and the UN protection force unraveled. 

Upon arriving with the first wave of 
American soldiers in Operation Joint 
Endeavor, die 39-year-old battalion 
commander discovered that all of the 


stopped short of the kind of aggressive 
action needed to expedite the peace pro- 
cess because their commanders are ter- 
rified of taking risks. While 1 2 Amer- 
ican soldiers have died in Bosnia in the 
past two years, most of the deaths were 
due to accidents or natural causes, and 
none resulted from armed confronia- 


uon. 


meticulous planning did not cushion the 
ck of what he and his 


l^lni 4 I ; jr.lau'TTtr- Worulrd K— ■ 

A riot policeman looking on as a car burned early Sunday near Lyon. 


Diana’s Estate May Sue Ritz 

Reported Claim Against Paris Hotel Would Be £8 Million 


The Associated Press 

LONDON — Advisers to the estate 
of Diana. Princess of Wales, are con- 
sidering a multimillion-pound claim 
against the Ritz Hotel in Paris, owned 
by Mohamed al Fayed, in compen- 
sation for her death. The Sunday 
Times reported. 

Quoting a royal source, the paper 
said the minimum claim would be £8 
million ($13.4million). the amount of 
the inheritance tax bill on her £21 
million estate. 

But it said the estate could also 
claim a further £25 million in interest 
that would have accrued on Diana’s 
estate during her lifetime. 

The estate could sue for Diana’s 
premature death if French investiga- 
tors rule that the chauffeur, Henri 
Paul, employed by the Ritz, was re- 
sponsible for the princess’s death. 

Tests revealed that Mr. Paul was 
three times over the French blood- 
alcohol limit for motorists when the 
Mercedes limousine he was driving 


crashed in a Paris tunnel on Aug. 31. 
Mr. al Fayed’s son, Dodi, and Mr. 
Paul also died in the crash. 

“If a hotel provides a car and a 
driver, then anyone riding in it has 
every reasonable right to expect the 
car and driver are suitable to perform 
the task assigned,” the paper quoted a 
royal source as saying. 

“The Ritz Hotel is a candidate for 
culpability." 

But Diana’s former head of staff, 
Michael Gibbins, said Saturday night 
“No consideration has been given to 


the question of any civil action, nor 
iddl 


would that consideration be given un- 
til the criminal investigation has been 
completed.” 

“Hie hypothesis that a Ritz Hotel 
employee was responsible is no more 
than a hypothesis at the moment.” 
Mr. Gibbins said. 

He confirmed that the estate was 
registered as an * ‘interested party” in 
the continuing criminal investigation 
in Paris, 


shock of what be and his fellow peace- 
keepers from 30-odd nations experi- 
enced. They were astounded by the de- 
gree of devastation and h uman 
suffering. 

“Nothing could prepare you for what 
we saw.*’ Colonel Helmick said. “It 
took us a few days to get organized. 
Everybody was extremely tense. There 
were lots of hostile soldiers standing 
around with AK-47s, dashes at every 
checkpoint and undisciplined firing at 
night. Mines were everywhere, and 
snipers were hiding in the hills shooting 
at us." 

Now that he is back for his second 
tour of duty with the 1st Armored Di- 
vision, Colonel Helmick is cautiously 
upbeat about the transformation 
wrought by the peacekeeping mission. 

“The armies have been separated and 
demobilized. We’ve gotten heavy 
weapons out of the battlefield," the 
colonel said. “But there are still a lot of 
ethnic tensions. We’re starting to punch 
some holes in the zones of separation, 
but the healing process has a long way to 
g°-” 

President Bill Clinton, announced 
Thursday that U.S. troops will remain in 
Bosnia indefinitely beyond a June 1998 
deadline. 

When the president arrives here Mon- 
day to visit the 8,000 American troops 
serving in Bosnia under Task Force 
Eagle, he will meet soldiers and com- 
manders who believe their effort to date 
has produced a mixed record. 

On the positive side, the Americans 
and other allied troops have suppressed 
Europe’s bloodiest conflict since World 
War H, disengaged ethnic armies, ban- 
ished heavy weapons and supervised an 
exchange of territories in accordance 
with the Dayton peace accords. They 
also have rebuilt 2,300 kilometers 
(1,500 miles) of roads. 60 bridges and 
many beating plants and water pumping 
stations. 

But critics say the Americans have 


Most of all, the peacekeepers are ac- 
cused of avoiding the hazardous task of 
arresting major war criminals, such as a 
former Bosnian Serb president. 
Radovan Karadzic, and his military 
commander. Ralko Mladic. 

But the arrests Thursday of two in- 
dicted Croats by Dutch troops, and the 
shooting of a Serbian suspect and cap- 
ture of another in July by British sol- 
diers have raised hopes that the NATO- 
led peacekeeping forces may be willing 
to adopt a tougher attitude. 

“Why was ihis not done 18 months 
ago?” asked Michael Williams, a Bos- 
nia specialist at the Institute of Inter- 
national Studies, in London. “The big 
flaw has been a refusal to combine ci- 
vilian and military agendas. We are all 
paying a heavy price for the Somalia 
syndrome.” 

He was referring to the deaths of 25 
American soldiers during the UN fam- 
ine relief mission in the East African 
nation that many critics say has made 
the avoidance of casualties the top pri- 
ority of American peacekeeping mis- 
sions. 

While they have provided logistical 
support for both the Dutch and British 
operations in Bosnia. U.S. troops have 
yet to arrest a war crimes suspect. 

General Wesley Clark, who replaced 
General George Joulwan last summer as 
NATO's supreme commander, bristles 
at suggestions that U.S. troops have 
become hunkered down in a protective 
bubble to avoid casualties. 

"We arrived here with a heavily 
armed force that would brook no op- 
position. and from that point of v iew this 
mission has been an outstanding suc- 
cess.” said General Clark, who was 
chief military adviser to the U.S. ne- 
gotiating team that mediated the Dayton 
accords. 

“We learned our lesson from the UN 
experience and made it dear we were 
not bluffing.’’ he added “We estab- 
lished military dominance and then 
reached out to the waning panics at 
every level except for indicted war 
criminals. 

“We realize our tasks have evolved, 
but we are not prepared to act like a 
police force that conducts home 
searches and keeps traffic moving. We 
are sticking to the maodate given by our 
governments.” 


Of the 2,000 American troops here at 
Eagle Base Tuzla, nearly 40 percent are 
serving their second tour of duty in 
Bosnia. 

The extra experience has been helpful 
in some respects, but the nine-month 
stints have imposed stresses on their 
families living at bases in Germany or 
the United States. 

Despite family hardships, living con- 
ditions for the U.S. troops are relatively 
comfortable. They are housed in heated 
C-huts, or wooden barracks draped with 
waterproof canvas, with six to eight 
bunk beds per hut. Soldiers praise the 
high quality of food in the cafeteria and 
the well-equipped gymnasium. 

For entertainment. U.S. troops have 
attended rock concerts by U2 and Bon 
Jovi. There will be lots of caroling, a 
tree-lighting ceremony and country - 
western musical shows over the Christ- 
mas and New Year's holidays, along 
with plenty of cases of nonalcoholic 
beer, according to Major Jim Yonts. the 
Eagle Base public affairs officer. 

While such perks help boost morale, 
many U.S. soldiers say their biggest 
satisfaction comes from seeing the pro- 
gress they have achieved on the peace- 
keeping front — even though they ac- 
knowledge an enduring peace is far 
from assured. 

“We felt pretty nervous at the out- 
set." said 1st Sergeant Willie Coleman. 
36. “Now those of us who have been 
here for a while have been able to break 
the ice and relax a little bit. 1 feel good 
about what we have done. The kills arc 
really special. It’s nice to see them wav- 
ing and smiling. and telling us how- 
happy they arc that w*c brought an end to 
their misery.” 

Staff Sergeant Jimmy Fulgham. 38. 
says he has tried to reach out to the 
Bosnians by performing magic shows at 
orphanages. But he also has no illusions 
about the depth of haired among ethnic 
groups. It was his responsibility To set up 
field artillery guns near voting booths 
ahead of recent elections. 

“We figured we needed to provide a 
secure environment near the voting 
booths." he said. “We don’t want to 
scare people or show favor for one side 
or another. But we also don’t want any- 
body to think about messing with us." 

Even before President Clinton de- 
cided to extend the U.S. military’s stay 
in Bosnia, many soldiers acknowledged 
they saw no end in sight to their mission 
because Bosnians still seem far from 
managing their own affairs peacefully. 

“We hope we are not making them 
too dependent on us,” said Captain 
Greg Goth, 29. * ‘Right now we can give 
them some stability to hold on to until 
they have time to recover.” 


Contract Food and Management Services - Remote Site Management - Service Vouchers and Cards - Leisure Services 


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Annual results 


The Board of Directors of Sodexho met under the chairmanship 
of Pierre BELL0N to dose the accot/nts for the year ended August 
31, 1997. 

I - BUSINESS PERFORMANCE 

The number of units rose from 13,512 to 14381 during the yeac while the numbs 
of employees rose from 141,118 to 151,595. Operations are now located in 
66 countries worldwide. ___ 

The year also saw the award of a large number of new contracts; 

• Food and Management Sendees: Motorola in Toulouse {Fiance), Chase 
Manhattan Bank and the Aldershot military baseintfre United Kingdom, the 
University of Pittsburgh (PA) and a fedfties management centred for twenty 
psychiatric hospitals In the United States, Siemens in Brazil, Germany and Sweden, 
Danone in Moscow and foe Institute of Education in Hong Kong. 

• Remote Site Management Shell UK in foe North Sea and the Escondida Mine 
in Chile, foe largest miring project In the world. 

• Service Vouchers and Cards: Gempius in France aid the Ministry of 
Communication and Transportation in Mexico. 

I! -FINANCIAL RESULTS 

Over the year, consolidated sales increased by 18% to FRF 29,497,050,000, broken 
down as follows: 

• Organic growth 7* 

• Acquisitions ■■-••• 1 % 

• Currency effect ■ — ^ * 

By core business, the revenue stream broke down as follows: 

FOOD AND MANAGEMENT 
SERVOS 90% 

REMOTE SITE • ' 

MANAGEMENT 6 % 

SERVICE VOUCHERS 
AND CARDS 2 % 

RIVER AND HARBOR CRUISES 2 %„ 


III • NEW SHARE ISSUE 

The Board of Directors noted that all of last November's FRF 2 billion share issue 
had been subscribed. Shareholders responded very positively to the issue, despite 
difficult conditions in the financial market 


IV - ACQUISITION OF MARRIOTT INTERNATIONAL INC'S 
FOOD AND MANAGEMENT SERVICES BUSINESS 

• On October 31, Sodexho Gardner Merchant acquired Marriott International 
fnc's food and management services business in foe United Kingdom 

• As announced on October 1, foe merger of Sodexho North America and 
Marriott Management Services in North America is scheduled for first-quarter 
1998. Sodexho Alliance will hold 49% of foe new company, the Marriott family 
will retain around 10% and foe rest will be publicly owned. The new company, 
Sodexho Marriott Services Inc, will be the North American market leader, with 
more than 4,800 units and FRF 24 biKion in sales. Its shares will be listed on the 
New Yoric Stock Exchange. The link-up wflt aiso strengthen Sodexho Alliance's gtobal 
market leadership. A financing commitment for Sodexho Marriott Services Inc 
has been obtained from Soctete Generate and JP Morgan. Financing is now being 
syndicated. 



Sales by major region were as follows: 
FRANCE 21% 



V- OUTLOOK 

The Board of Directors discussed the outlook for foe future, whkh remains favorable. 
Pierre BELLO N indicated that for foe current fiscal yeac based on currently 
available data: 

• Consolidated net income less minority interests, excluding foe merger 
of Sodexho North America with Marriott Management Services in North 
America* is expected to increase by more than 10% over the previous year. 

• The merger with Marriott Management Services involves a certain number of 
aspects that are beyond Sodexho Alliance's control and which could modify foe 
impact on fiscal year 1997/98 earnings. These indude: 

-The date of final dosing, which will not be before March 1, 1998. 

- US interest rates at that data 

- The nature of foe integration costs and their accounting treatmeil ‘ 
Excluding the impact of such hard-to-feresee events* and based on shares in 
issue following the capital increase, net earnings per share should increase by 
approximately 6% in fiscal year 1 997/98. 

Pierre BELL0N also confirmed that net earnings per share; after amortization of 
goodwill, are expected to grow by an average 20% a year over the next three 
fiscal years. 

As Sodexho Alliance continues to expand in foe world marketplace, we derive 
important competitive advantage from our independence, our global reach,, foe 
quality of our teams and our excellent financial position. 


* * * 


Operating income rose by 24* to fRE 1391,079,000. Consolidated nrtincome 
teT minority interests totalled FRF 538J42.000, a. 34* increase from the 

prior-year figure before non-recurring items. 

To enable Sodexho Alliance shareholders to benefit from the growth in 
earnings; foe Board will ask them to approve a divi&nd per share before tax 
rrefot of FRF 35.00. Indudlng foe associated tax credit of FRF 17.50. foe total 
dividend comes to FRF 52.50, an increase of 35%. The proposed payout amounts 
to FRF 263.204,655, cwresponding to 49% of consolidated net income less 
minority interests. 


Sodexho 


ALLIANCE 

We make a world of difference 


SniUnflm aiBanm worldwide leader in food anti management services 


. For further information, please contact Raphael DUBRULE - Corporate Secretary 
Phone: +33 1 30 85 74 74 - Fax: +33 1 30 85 50 05 - Internet : httpV/wvmsodexhacom 


Serbia Votes for President, Again 


The Associated Press 

BELGRADE — In an attempt to defuse a 
political impasse. Serbia attempted for the 
fourth time Sunday to fill the presidential post 
left vacant by the country's strongman, 
Slobodan Milosevic. 

The race has boiled down to two candidates 
— Mr. Milosevic's fellow Socialist, Foreign 
Minister Milan Milutinovic. and the out- 
spoken, extreme nationalist head of the Rad- 
ical Party. Vojislav Seselj. 

The office has been vacant since July, when 


Mr. Milosevic became president of 
Yugoslavia, which comprises Serbia and 
Montenegro. 

“I hope that the candidate of the left, Milan 
Milutinovic. finally wins," Mr. Milosevic 
said after voting. He was accompanied by his 
neo-Communist wife and coalition partner. 
Mnjana Markovic. 

Three ballots in three months to elect Mr. 
Milosevic's successor have failed. The win- 
ner needs at least 50 percent of the vote, and 
turnout must be at least 50 percent. 


BRIEFLY 


Ex- German Soldiers 
Report Neo-Nazi Acts 


BONN — The German Army, straggling 
to fend off charges that it is a haven for neo- 
Nazis, suffered a further setback Sunday 
when two former soldiers said they had seen 
incidents of rightist extremism. 

One said officers often sang Nazi songs 
and listened to speeches by Hitler at a 
barracks in Bavaria. The officer’s remarks, 
along with an amateur videotape showing 


Rome judges in cases affecting his vast 
business empire. 

The prosecutors also asked Saturday for 
indictments against Cesare Previti, who was 
Mr. Berlusconi's lawyer, top aide and de- 
fense minister. (AP) 


No Survivors in Crash 


an officer playing the Nazi leader, was to be 
t Sunday by ] 


broadcast Sunday by Focus TV. 

The other former soldier, the son of 
former Transport Minister Guenther 
Krause, told the Bild am Sonntag news- 
paper he had witnessed numerous cases of 
extremism, including officers shouting the 
“Sieg Heil" Nazi cry. 

Responding to the report, the Defense 
Ministry in Bonn said it condemned the 
actions, but that the soldiers should have 
reported the incidents to their superiors 
rather than the media. (Reuters) 


FOTINA, Greece — Rescue teams 
reached the charred wreckage of a Ukrain- 
ian passenger jet on a remote slope near the 
Mount Olympus range and said that none of 
the 70 people aboard had survived. 

Greek officials also reported that five air 
force officers were killed when their mil- 
itary plane crashed on its way to help in the 
search Saturday. 

The Soviei^designed Yak-42 crashed 
Wednesday in a wooded area at an altitude 
of about 1,219 meters (4,000 feet) near this 
small village, about 70 kilometers (40 
miles) southwest of Salonika. The flight 
originated at Odessa, Ukraine. (AP ) 


Berlusconi's Woes Grow 


Lithuania Goes to Polls 


MILAN — The legal woes of the Italian 
media tycoon and former prime minister 
Silvio Berlusconi have deepened as pros- 
ecutors in Milan asked for an indictment 
against him in their investigation into the 
alleged bribery of judges. 

Mr.- Berlusconi, the leader of the center- 
right opposition, dismissed the request as 
another sign of what he says is an un- 
derhanded attempt by his political foes to 
discredit him. The prosecutors believe that 
Mr. Berlusconi had a slush fund for bribing 


VILNIUS, Lithuania — A Lithuanian- 
American and a former top prosecutor 
headed a field of seven candidates in pres- 
idential election Sunday in Lithuania. 

Valdas Adamkus. a Lithuanian- bom 
American ecologist, and Arturas Pau- 
lauskas, a former prosecutor general of the 
Baltic state, were the top contenders in the 
campaign's final days. The incumbent. Al- 
girdas Brazauskas. 65. is not a candidate. 

The Itar-Tass news agency said Sunday 
that the latest polls showed Mr. Paulauskas, 
44, having a slight edge over Mr. Adamkus, 
71. (AP) 


Papon Court Turns to the Children 


Reuters 

PARIS — Maurice Papon, his defense 
shaken by his own testimony, faces a crucial 
ihase of his war crimes trial this week when 
lie court examines the fate of children who 
were victims of die HolocausL 
The Bordeaux court, where the former 
Vichy official is accused of sending 1,560 
Jews to concentration camps, starts inves- 
tigating On Monday an August 1942 convoy 
that sent at least a dozen Jewish children to 
their deaths. 


Mr. Papon, 87, has tried to persuade the 
court that he used his post as a senior bu- 
reaucrat in Bordeaux from 1942 to 1944 to 
save Jews from being deported to Auschwitz. 

But the prosecution says the local Service 
for Jewish Questions under his control round- 
ed up children for deportation without orders 
from the Germans, who at first excluded chil- 
dren under 16 from arrests. 


This phase of the trial follows a turning point 
si week when Mr. Papon admitted be Knew 


last week when Mr. Papon 
about the concentration camps in June 1942. 


-t: 






PAGE 6 


INTERNATIONAL HERALD TRIBUNE, MONDAY, DECEMBER 22, 1997 


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EUROPE 


EUROPE 


RUS: (HQ 181 Are. dmtadt- 
Gmfo, 92521 NuJf CkIix. 
AL (01|il 43 93 85. 
fiac (01)41 43 9370. 


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GaWANT, AUSIBA AJBOTAL 
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CM0323 FnnMwt 
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fine (069)97125020. 


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U: (02)3443509, 

[02)3440117. 

fire (02)3460353. 


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AAitrtoAlcaosr46dupi 
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lib: 4572856. fire 45B6074 
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fire P21 1728 X 91. 

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Caddni, 169/J, Aft Kot 
4, Ug 80200, toanhi 
-hL (9Q212] 2X 5996/232 71 SO. 
fire (90212) 247 9315. 

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Londcr. WC2E 9JH. 

■fiL 0171 8364802. 

Tbi« 262009. fire 240 0338. 


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B63, fin 9 Cadki 2509, 

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Si: (562) 632 7937, 
fire 1562) 632 0121 


IO«UC OF TBH0t CaM London, 
63 Long Aar, London WCZ 9JH. 

71 8364802. 
fire 71 240 2254. 


AFRICA 

EGYPfi Ufa ftrtaa 1 0 GezM S ' 
AnA Mcbondsnimv GAp, fiai* 
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TLc21274VPCOUM 
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7MD. PnoGwjjaCjoi, Canter, 
TsL [593) 468 900(1 
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Si: (603] 981 2814. 
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taidoh B ftanrinlri 
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boro 21 28, 

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ta.- mu 442 8840. 

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Si: {2)56315738. Foe (3)5462573. 
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U.- 71 8364802. 
fire 71 2402254. 


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Floor. XGtauoter bad, Hvg 
tong. TiL (852) 2922-1 188. 
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fire (852) 2922-1 190. 


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INTERNATIONAL 



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UN Leader 
Wins Fight 
For Deputy 

New Post Will Complete 
Annan's Shake-Up at Top 

By Barbara Crosse tie 

Nw York Tutus Sen-ire 



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UNITED NATIONS. New York — 
Secretary-General Kofi Annan won a 
major round in his campaign to bring a 
- new management style to die United 
Nations when the General Assembly 
agreed to create the position of deputy 
secretary-genexaL 

Officials described the job as the “fin- 
ishing touch’* on a new system Mr. 
Annan had introduced in the upper 
reaches of the organization. 

A cabinet-style managt-mi^t team hag 
already replaced a chain of command 
under which dozens of autonomous of- 
ficials all reported directly to Mr. An- 
nan. 

The deputy secretary-general, whose 
term will coincide with the secretary- 
general’s, will have the power to fill in 
for him in his absence and will also 
oversee UN programs in economic and 
social affairs, areas where there has been 
considerable duplication of effort 

Diplomats say that a leading con- 
tender for the job is Louise Frechette, 
Canada’s deputy minister of national 
defense, who served as representative to 
the United Nations from 1992 to 1994. 

Mr. Annan won approval of the po- 
sition with a minimum of dispute in the 
' -1 85-member General Assembly. 

“People don’t like saying no to die 
_ secretary- general,’ ’ a UN official said. 
The new post and other measures ap- 
proved by the Assembly on Friday are 
not related to reforms demanded by the 
U.S. Congress. 

The naming of a deputy secretary- 
general will be one of several appoint- 
ments the secretary-general will make in 
the coming weeks. 

Apparently bowing to pressure from 
the Third World, the United Nations has 
decided to nominate someone from a 
developing nation to replace a German 
woman it had named to help decide how 
to spend Ted Turner's $1 billion gift 
The case sheds light on the way UN jobs 
are often apportioned for political or 
geographical reasons. 

On Nov. 19, officials said that Angela 
Kane, a career official who has been in 
charge of publications, the library and 
the organization's computerized infor- 
mation systems, which she largely cre- 
ated. would be the United Nations’ li- 
aison to die foundation set up by Mr. 
Turner. 

■ - Officials no wsay that Ms. Kane, who 
has been doing die job for more than a 
month, has been told that her appoint- 
ment was only temporary. Mr. Annan is 
expected to replace her as early as next 
week. A candidate from Latin America 
is likely to he appointed. 

Mr. Tamer’s United Nations Foun- 
dation named as its director Timothy 
Wirth, a former senator from Colorado, 
who is the Clinton administration’s un- 
dersecretary of state for global affairs. 

Envoys said that developing nations 
have convinced the secretary-general’s 
advisers that since much of the Turner 
money will go into programs for eco- 
nomic development, environmental pro- 
tection and poverty reduction, the job 
required someone with experience in 
those areas, preferably with a Third 
World background. 

Ms. Kane will return to a job in the 
information department, officials said. 

Mr. Annan will also be appointing an 
undersecretary-general for disarma- 
ment, ajob already approved in principle 
but awaiting final budgetary action. The 
leading candidate is Jayantha Dhanap- 
ala, a Sri Lankan arms -control expert 

A third appointment is expected to be 
an undersecretary-general for commu- 
nications. 


Irish President's Ecumenical Gesture Stirs Religious Furor 


By James F. Clarity 

Note York Tones Service 


A Catholic, She Took Communion in a Protestant Cathedral 


• DUBLIN — Mary McAleese, elect- 
ed president of Ireland in October after 
promising to “build bridges'* to help 
end sectarian conflict, has set off a 
religious furor in the overwhelmingly 
Roman Catholic Irish Republic and in 
the Protestant-dominated British 
province of Northern Ireland. 

The issue erupted after the new pres- 
ident, who describes herself as a devout 
Catholic, surprised the country Dec. 7 
by receiving 'Communion at a Prot- 
estant service here. She said that she felt 


comfortable with her action at Christ 
Church, a cathedral of the Church of 
Ireland, which is part of the Anglican 
Communion, explaining that it was in- 
tended to improve Catholi c-Protestant 
relations. 

Her action was Page 1 news here and 
in Northern Ireland, where Mrs. 
McAleese was bom and lived most of 
her life before her election as president. 
Buz no one seemed particularly upset 
until last week, as members of die 
clergy and several theologians began to 
speak out in protest 


A prominent Catholic priest in 
Northern Ireland noted that Mis. 
McAleese had violated church law by 
receiving. Communion in a Protestant 
service. A Catholic archbishop agreed. 

In response, the Protestant primate of 
Ireland, Dr. Robin Eames. lashed our at 
die Catholics, saying their protests were 
derogatory. 

The papal nuncio in Dublin was re- 
ported to have informed the Vatican of 
the affair. Scores of people, many of 
them citing God as their witness, called 
their opinions in to radio talk shows and 


wrote righteous letters to newspapers. 

Mrs. McAleese has had no more to 
say. But the uproar underlined the im- 
portance of religious belief in Ireland, 
and the intolerance that persists be- 
tween many Catholics and Protestants. 

Ecumenism has made little progress 
in the republic, and probably even less 
in Northern Ireland. In Northern Ire- 
land, most officials pay lip service to 
nondenonunaiionaJ schools. The idea is 
that if Catholic and Protestant children 
get to know each other, there will be 
less impetus for sectarian warfare. But 


both the Catholic and Protestant clergy 
in Northern Ireland oppose mixed 
schools. 

The attitude of many Irish other than 
the theologians and clergy, however, 
seemed reflected by Mary Holland in a 
column in The Irish Times, when she 
quoted Sl Paul — “Though 1 speak 
with the tongues of men and of angels, 
and have not charity. I am become as 
sounding brass." 

“What more challenging message 
could there be for the bishops and the 
rest of us poor struggling mortals at the 
start of the Christmas week?” she 
asked. 



Barry Brook, Musicologist 
And Educator, Is Dead at 79 


Ailiuo DtmtvThc tawcuicd Picw 

AUTOS AHOY! — A luxury motor yacht blocking traffic in London on Sunday. The yacht took an hour to 
travel from the Thames to the exhibition center at Earls Court where a boat show is to be held from Jan. 8 to 16. 


Nrti York Tunes Service 
NEW YORK — Barry S. Brook. 79. a 
renowned musicologist who established 
and led doctoral programs in music in 
New York and Paris, died Dee. 7 at Me- 
morial Sloan-Kettering Cancer Center. 

He was a pioneer in the field of mu- 
sical iconography and a leading scholar 
of 18th-century music and esthetics. In 
1963 his se minal study. “The French 
Symphony in the Second Half of the 18th 
Century.” was published in France. 

In 1966 be established at City Uni- 
versity of New York, where he was teach- 
ing. the first international bibliography of 
scholarly writings on music, called RILM 
(Repertoire International de Literature 
Musical). This ongoing archive was a 
model for other disciplines and has re- 
mained a leading resource for scholars. 

He founded a doctoral program in 
music at CUNY in 1967 and taught there 


ITAMI: Japanese Filmmaker Commits Suicide After Denying Media Reports of Scandal 


Continued from Page 1 

defended his magazine , saying, “We 
talked directly with Mr. Itami, and we 
included his side. We are convinced that 
what is being reported is true and our 
coverage is within normal practices. If 
that was the cause of his suicide, we 
deeply regret it.” 

the death is a huge loss for Japan and 
for the film world. No one could make 
die sacred cows stampede like Mr. harm, 
who made a career out of poking firs at 
those whom few other Japanese dared 
criticize, from Buddhist monks to Ja- 
pan’s yakuza gangsters. 

Mr. Itami was regarded as one of the 
most powerful Japanese filmmakers of 
his generation, the heir of the legendary 
Akira Kurosawa. He used slapstick com- 
edy and wickedly acid satire to lay open 
die layers of modem Japanese life, from 
the way the country collects its taxes to 
the way it eats noddles, buys groceries, 
treats its sick or buries its dead. 

For many tradition-bound Japanese. 
Mr. Itami ’s films said the things they 
wouldn’t dream of saying, and chal- 
lenged the powerful with a bluntness 
they could never muster. For others, his 
work revealed truths they never knew 
existed — even though they were right 
there in their daily life. 

“He could express the inside story 
about things people think they under- 
stand, but really don’t,” said die critic 
Jjin Ishiko. “He was a rare talent.” 

Mr. Itami was probably best known for 
his 1986 hit “Tampopo,” which was 
hailed as the first “noodle western.” The 
film centers around a truck driver who 
helps a struggling noodle^sbop proprietor 
turn hex business around. In the process, 
the film helps explain the central role of 
food and cooking in Japanese life. 

But it was his directorial debut in 
1984, with “The Funeral,” that served 
notice that no one was safe from his wit 
The film spoofed Japanese funerals and, 
in particular, the Buddhist monks who 


make afoitnne in funeral fees every time 
someone dies here. 

The film won a slew of Japanese film 
awards and audiences went wild for a 
kind of satire seldom seen before in this 
staid, respect-your-betters society. Only 
the monkswere unamnsad 

In a perverse compliment to the power 
of Mr. I tami 's weak, five gangsters at- 
tacked him on the street in 1992 shortly 
after the release of his film, “Mrnbo no 
Onna,’ ’ or, “The Gentle Art of Japanese 
Extortion-” The film showed the yakuza 
as buffoons and bullies, not as the mod- 
ern-day samurai they fancy themselves. 
The kmfe attack left him badly disfigured, 
with long scars on his face and neck. 

In stead of backing off controversial 
subjects, Mr-Itami, who wrote, directed 


and produced most of bis films, turned 
die attack into fodder for his filmmaking. 
Earlier this year, he released his 10th 
film, about a woman who witnesses a 
murder and is threatened by members of a 
cult that committed the crime. The film is 
loosely based on the A urn Supreme Truth 
cult, responsible for the 1995 attack on 
the Tokyo subway system that killed 12 
people and injured 5.500 others. 

During the weekend, reporters from 
Japan's daily “sports newspapers.” this 
country’s version of the tabloids, got 
wind of the upcoming Flash story. Re- 
porters from those papers began calling 
him, and two of them carried Sunday 
rooming stories that the magazine was 
going to hit the newsstands Monday with 
its story. Both quoted him as saying he 


would respond to the allegations on 
Monday. 

Mr. Itami, the sou of a well-known 
film director. Manasku Itami, began his 
career as an actor. In the 1960s, he 
starred in a popular television adaptation 
of the Japanese court novel, “The Tale 
of the Genji.” 

As a director, he is said to have re- 
marked: “I don’t want to make difficult 
movies. I want to make interesting 
movies about difficult subjects.” Mr. 
Itami, whose younger sister is married to 
the Nobel laureate Kenzaburo Oe, did 
just that in a film called. “The Quiet 
Life,” based on Mr. Oe's writings about 
his disabled son. But mainly, he stuck to 
comedies about modem life in his native 
land. 


until he retired in 1 989. In 1977 he began 
the doctoral program at the Juilliuni 
School, and in 1 983 he created a doctoral 
program in musicology at the Ecolc Nor- 
male Superieure in Paris. 

During World War II he was a U.S. Air 
Force captain and lead navigator, and won 
the Distinguished Flying Cross. He began 
his leaching career at Queens College in 
1945. but often worked and lived in Paris. 

Franco Di Bella, Former Editor 
Of Milan's Corriere della Sera 

MILAN (API — Franco Di Bella. 7 U. 
the editor of the daily Cornea* della Sera 
from 1977 to 1981, when his name was 
implicated in a scandal involving a secret 
lodge, died Saturday in a Milan clinic. 

Mr. Di Bella joined Corriere della 
Sera in 1952 and rose through various 
editing positions. He left to head 11 Roto 
del Carlino of Bologna, but after 10 
months returned in 1977 to Corriere to 
take the top post. 

Mr. Di Bella resigned after his name 
was among scores on the list of alleged 
members of Propaganda- Due (P-2), an 
illegal, secret lodge being investigated 
by the government. 

Dawn Steel, Headed Studios 

LOS ANGELES { APl — Dawn Steel. 
51, the first woman to head a major 
Hollywood studio and produced block- 
busters such as “Top Gun,” “Fatal At- 
traction” and “When Harry Met Sally.” 
died Saturday of a brain tumor. 

Ms. Steel’s campaign for “Star Trek: 
The Motion Picture' * led to promotion as 
vice president of production at Para- 
mount. By 1985. she headed Para- 
mount's production, and in 19S7 she was 
named president of Columbia Pictures. 
Later she formed her own production 
company. Atlas Entertainment, with her 
husband. Charles Roven. 


POUND: Britain's 1976 Crisis Holds Lessons for Asia Politicians 


MINE: There's Gold in Them Thar Waves 




V - .-I 




t- *■ 


H *i— r r*v - '• 






‘.'If* --Afirirt 
V • — : '' 

tides' - 


Continued from Page 1 

Now Nautilus Minerals Corp., a Pap- 
ua New Guinea company run by Aus- 
tralian businessmen and working with 
Australian government scientists, has 
been granted title to 1,974 square miles 
of the Bismarck Sea in the territorial 
waters of Papua New Guinea, a tropical 
archipelago of the South Pacific. 

If the region’s deep hot springs mm 
out to be as rich and widespread as 
surveys and samples indicate, the com- 
pany plans to start taking preliminary 
hauls of 10,000 tons (9,700 metric tons) 
each in the next two years and large 
commercial loads in the next five 
years. 

"I see hundreds of millions of dollars 
worth of metal in the immediate future,” 
said Johan Mahtic, the company’s chief 
executive, who works in Sydney, where 
Nautilus has an Australian office. ‘’And 
it won’t take us very long to get into die 
billions.” 


ing into deep waters, spawning tons of 
new gear that seabed miners can ex- 
ploit. 

Mr. Loudon represents substantial 
money and expertise. In 1983, he or- 
ganized a team that probed the Lihir isle 
of Papua New Guinea and discovered a 
rich gold deposit. Today, an open-pit 
mine on T,ihfr is fast becoming one of the 
world’s top gold producers. 

Analysts unconnected to the New 
Guinea venture are divided on its merits, 
with ocean experts lending to be excited 
and environmentalists wary. 

Ecologists see the claim as an assault 
on a powty explored region of natural 

‘If you found this deposit 
on dry land, you’d call 
. these bonanza figures.’ 


ASIA: 

Crisis of Confidence 

Continued from Page 1 

nancial system and inevitable austerity 
policies will continue to depress sen- 
timent. political uncertainty and labor 
tensions present potential risk factors that 
could sharply exacerbate the situation.” 
said a UBS economist, Christa Marti. 

Since the financial turmoil started to 
sweep through East Asia in July, the 
International Monetary Fund has had to 
put together multibQlion-dollar loan 
guarantee packages to support Thailand, 

Indonesia and South Korea. 

The prospect of sharply lower growth 
and rising bankruptcies and unemploy- 
ment has unnerved currency and stock 
markets in Southeast Asia. 

Foreign investors have withdrawn 
large amounts of money and banks have 
become increasingly wary of making 
new credit available or extending ex- 
isting loans. Continuing falls in the value 
of many Southeast Asian currencies 
against the dollar have made investors 
even more reluctant to risk their money. ~ ~ 

outlook for Asian markets in the coming EMU: Officially , No Problems; Unofficially , Challenges Arise 

year, recommending high cash positions ° 


Continued from Page 1 

time. Denis Healey, then chancellor of 
the Exchequer in Britain's Labour gov- 
ernment, sought to stop the rot by cutting 
spending and increasing taxes in July, 
but the effort failed. In J ate September, 
after a one-day fall of 4 percent in the 
pound, Mr. Healey abruptly turned' 
around at London's Heathrow airport, 
abandoning plans to attend a Common- 
wealth conference in Asia in order to 
return to his office to ride out the crisis. 
The next day he unveiled plans to seek 
S3 .9 billion from die IMF. 

In return for the money, Britain agreed 
to make further spending cuts and. for 
the first time, to restrain the growth of 
credit and the money supply. The IMF 
agreement marked an historical shift 
away from the postwar strategy of using 
government spending to stimulate de- 
mand and growth, advocated by John 
Maynard Keynes, the economist, in fa- 
vor of monetarist policies aimed at fos- 
tering long-term growth by controlling 


inflation and government spending. 

“We used to think that you could just 
spend your way out of a recession.” the 
prime minister of the day, James 
Callaghan, told the Labour Party’s an- 
nual conference at the height of the 
crisis. “1 tell you, in all candor, that that 
option no longer exists." 

The new policies worked quickly, in 
part because the forecasts of worsening 
deficits proved too pessimistic. Within 
one year, Britain beat its IMF budget 
deficit target, the current account was 
back in the black and the government 
was trying to restrain the pound's rise. 

By contrast, the political effects of the 
crisis were long-lasting. Labour was 
driven from office in the 1979 election 
that ushered Mrs. Thatcher to power. She 
used the memory of the crisis to build a 
consensus for policies geared toward 
low inflation, free trade and reducing the 
role of the state in the economy, a con- 
sensus that Tony Blair accepted in lead- 
ing Labour back to power in May. 

“It enabled Thatcher to say. quite 


rightly, that the whole period of Keyne- 
sian demand management had led to this 
crisis,” said Gavyn Davies, the chief 
economist at Goldman Sachs Interna- 
tional who was Mr. Callaghan's eco- 
nomic adviser at the time. “Even until the 
1997 election, the Tories said, ’You elect 
Labour, you’ll get the IMF back.’ “ 

Correcting South Korea's problems 
could prove much more difficult. The 
crisis of confidence doesn’t stem from 
the government budget, which happens 
to be in surplus, but from excessive 
foreign borrowing and domestic lending 
by the nation’s banks. The traditional 
austerity measures demanded by the 
IMF could even make the problem 
worse, not better. Mr. Davies said. 

But just as Britain found in the 1970s, 
South Korea is unlikely to escape the 
disciplines demanded by the global mar- 
ket given the country’s desperare need 
for financing. 

“If markets give them the thumbs 
down, they have to do something." Mr. 
Britton said. 


wonders and some argue that protective 


and warning of further currency tur- 
bulence, Reuters reported from Hong 
Kong on Sunday. 

“It’s pretty gloomy,” said Robert 
Rountree, strategist at Nomura Research 
Institute in Hong Kong. “We're still 
advising people to bold cash and we* Gauliists. 
don’t expect to change that view for six The complaint 
mouths.” 

Another strategist quoted in a Reuters 
survey said that Asian economies would 
be forced either to restructure imme- 
diately or to face economic collapse. 

“Credit is going to be contracting at a 
remarkable pace and currency volatility 
is unlikely to subside,” die strategist 
added. 

“Even though our fund managers 
have focused on good-quality compa- 
nies with good cash flow and sound 
management, the prices of stocks across 
the board have been slashed in the routs 
of the past few months.” Jardine Flem- 
ing Unit Trusts said in a weekend report 
“Even good stock investment will be 
adversely affected by currency losses.” 

But Jardine Fleming said that one 


Continued from Page 1 


to the constitutional court, and in France 
die Communist Party, sensing that it can 
seize terrain previously legitimized, brat 
now abandoned, by the Socialists and 

in Germany, being 
offered to die high court for consid- 
eration, deals essentially with measuring 
Europe's adherence to die Maastricht 
treaty to date, and conditions laid down 
by the court in 1993 in a decision on the 
treaty's legality. The suit’s theoretical 
underpinning is the contention that the 
EMU is incoherent and unworkable, and 
that putting it into practice will condemn 
its members to economic asphyxiation. 

In its 1 993 decision, the constitutional 
court held notably that Maastricht con- 
vergence criteria, meant to bring the 
participants to low deficit and debt 
levels, must be strictly observed and that 
fulfillment of Maastricht criteria, to cre- 
ate price stability, has priority over the 
EMU's 1999 start date. The strength of 
the case emerges because there is ob- 


n* 1 * " V 

.r 


•***• ^ 

*srr " 

j . . 

|-**L rt‘~ *■ 


ivV 


* miners poini io ute gcuraw 
tog of the deep by advanced technol- 
ogles — including robots, sonars and 
giant claws lowered from ships — and 


say that profitability for investors is 
likely. 

Deep mining, they add, will even- 
: tually go global. 

■ ‘‘It’s inevitable,” said A. Geoff a prominent marine bio- 

Loudon. the company s chairman, who Syj.^ fonnerchief scientist of the 
nves in London. 


creatures, sometimes in densities mat prepared to tackle them, 
rival the life in rain forests. “Those countries that have accepted 

The hot springs are also important in IMF rescue packages — Thailand, In- 
evoJutiooary studies and are increas- dooesia and Korea — will have to swal- 


percent of gross national product and of 
public debt of less than 60 percent of 
GNP. The conclusion follows, according 
to the petitioners' argument, that price 

’thatit 


inolv as the possible birthplace of low some bitter medicine over the next stability cannot be guaranteed, and 
“95. *_ -* i“* has been subordinated, contrary to the 


all life on Earth. „ 

‘Great care should be taken. Dr. 


few years, but should emerge the better 
for it,” Jardine Fleming said. 

In its report Saturday, the IMF said 
that economic growth in countries hard 
hit by the Asian crisis would start to pick 
up in 1999. 

“These economies have the potential 
to regain tiie confidence of investors at 


court’s direction, to the 1999 deadline. 

One of the men pushing the complaint any German i 
is Wilhelm Noelling. a former member singlehandedly 


environment in which it operates de- 
termined by national sovereign states. 
You can’t apply a single administrative 
interest rate — it doesn't fit the very 
varied landscapes. It won’t work.” 

“There’s a central discrepancy," Mr. 
Noelling insisted. “The European Cen- 
tral Bank can only establish its cred- 
ibility with a very restrictive policy con- 
cerning price stability, its single task. If 
it does that, considering the current eco- 
nomic realities, it will become so re- 
strictive as to smother growth and make 
Europe suffocate. If the bank does not 
establish itself as restrictive, it will be a 
political football in no time.” 

‘We don’t think the EMU 
will function at ah. It’s 
unbalanced.’ 


Mr. Noelling’s view is that he and his 
associates have a 50-50 chance of suc- 
cess in court. For Ulrich Schroeder. a 
senior economist at Deutsche Bank in 
Frankfurt, “they may have a case before 
the court of public opinion, but not in 
Karlsruhe.” the city where the consti- 
tutional court is situated. An acknowl- 
edgment that there was an element of 
risk in the case for the EMU is contained, 
however, in a current report by the 
Frankfurt branch of Merrill Lynch. But it 
added, ” Ultimately, we do not think that 
institution will dare ro 
torpedo the most am- 


*r<T- ' — 

* - 


logist and former 

“This is an industry that’s going 1 ® the New Guinea 

^conventional on-shore muung into a mm s 

dinosaur,” he asserted in an inier^ew. vc V. 1 ^- significam ana should be des- 

The world’s big companies are gomg . ^ a zone, so you have home and abroad,” it said. “As con- the EMU will function at all. It s in- political calculation in the Communist 

to get with this or disappear. * iSsiebt ; nto the ways tilings were before fidence returns, growth can also be ex- stitutionally unbalanced. You establish a Party’s plan to stage nationwide demon- 

noted fsow the petrolcuni inuosiry - ■ Heo&n 11 pected to recover 11 cunm-n sHinnal bank, but vou have the stralions Jan IRral[mofnra»r«» n .4,. m 

started mi land and increasingly is mov “ Ifie 011 


of (he Bundesbank’s central council and bitious project in European integration 
a former Social Democratic senator since the Common Marker was founded 
from Hamburg, who says thar beyond in 1958.” 

die legal arguments, “We don’t think In France, there are several levels' of 
the EMU will function at all. It's in- 
stitutional ly unbalanced. You esiablish a _ r 

supra-national bank, but you have the straitens Jan. 1 8 calling for a referendum 


on the EMU. Although French public 
opinion, unlike that in Germany, clearly 
approves of monetary union in most 
polls, the Communists have chosen to 
occupy a field left largely vacant by 
political parties with exception of the 
extreme right. 

With Mr. Jospin having accepted the 
German position on the continuation of 
tight control over deficits after 1999 and 
President Jacques Chirac having re- 
versed a statement made in 1994 that he 
was in favor of another EMU refer- 
endum, the Communists seem io feel 
that there is considerable potential profit 
for them in denouncing “the exorbitant 
power given the European central bank ’ ’ 
and insisting on the EMU’s inadequacy 
to respond to the needs for jobs and 
“social development.” 

A spokesman for the party- said it had 
collected 700,000 signatures on peti- 
tions calling for a referendum early in 
the year and would have reached 1 mil- 
lion had its efforts not been turned away 
by Mr. Chirac’s dissolution of the Na- 
tional Assembly and the subsequent leg- 
islative election campaign. Only the 
president can order a referendum in. 
France, and the parly said it would press 
Mr. Chirac ro explain why. once in 
power, he had changed his mind. 

The effort also fits into the Com> 
munists’ efforts to recast themselves as 
the country’s only consistent represen- 
tatives of social justice, critical of a new 
Europe in which vital decisions will be 
made by unelecred central bankers, but a 
patty open now to debate and loyal to the 
democratic process. Whatever the out- 
come, the spokesman suggested, credit 
would come to the Communists for 
keeping alive discussion of the EMU and 
its potential impact when others pre- 
ferred to leave it as a fragile fait ac- 
compli. 


PAGE 8 


Hera lb 


MONDAY, DECEMBER 22, 1997 

EDITORIALS/OPINION 


INTERNATIONAL 



Srtbune 


n'BUSHKD wmi T1IE NEW YIHl\ TIMES AND THE WASHINGTON FONT 


The Right Man in Seoul? 


You could write the latest South 
Korean election as a fairy tale: Once 
upon a time there was an evil ruler who 
oppressed bis people, and a brave man 
who resisted him. Hie ruler tried to kill 
the brave man, and threw him in pris- 
on. but the people rose up, put the evil 
ruler in jail, acclaimed die brave man 
as ruler and lived happily ever after. 

Y ou could write it that way, and you 
would be partly right. Kim Dae Jung's 
passage from dissident to president- 
elect. and former General Chun Doo 
Hwan’s fall from leader to inmate (on 
charges of corruption and brutal sup- 
pression of a civilian uprising), rep- 
resent breathtaking reversals of fate. 
Even more breathtaking is the trans- 
formation thar the Korean people 
themselves have wrought, reshaping 
by sheer force of will — and in a span 
of only 10 years — a military aic- 
ta tors hip into a democracy in which an 
opposition candidate, once reviled by 
military and security forces, can as- 
sume power without prompting the 
slightest whisper of a coup. 

But living happily ever after remains 
a question, especially in the minds of 
many South Koreans, who voted last 
Thursday in a mood of extreme dis- 
tress. After three decades of spectac- 
ular growth, which carried it from base 
poverty to advanced-nation status. 
South Korea is in a financial crisis. 
Richer nations have bad to come to the 
rescue, unemployment is rising and 
standards of living are certain to dip in 
the coming year or two. 

Is Mr. Kim the right man to find a 
way out of crisis? He comes to office 
with his fair share of handicaps. He is a 
minority president, elected with about 
40 percent of the vote. Whereas in the 
previous two elections the opposition 
was divided, this time the opposition 
united, and two establishment candi- 
dates ran, allowing Mr. Kim to slip 
through. His party holds a minority 
place in the National Assembly, too. 


. He promised in the course of the 
election cam paig n that he would serve 
only three years of bis rive-year term as 
he promoted a constitutional amend- 
ment replacing South Korea's strong 
presidency with a parliamentary form 
of government 

Perhaps most debilitating, Mr. Kim 
has always been a regional candidate. 
He won 95 percent of the vote in his 
home region, where people have al- 
ways felt excluded from power and 
from die benefits of economic growth. 
In the region that produced South 
Korea’s previous leaders, Mr. Kim 
won as little as 11 percent of the vote. 

Many Koreans remain deeply sus- 
picious of Mr. Kim. Regionalism is 
one reason, but yean of military pro- 
paganda tfrat portrayed him, unfairly, 
as soft on the Communist North also 
play a part. So, too. do criticisms of 
him as autocratic within his own party, 
as tainted by the money politics of the 
past, as too quick to resort to populism 
and as simply too familiar — at 72, he 
has been around for as long as most 
Koreans can remember. 

But Mr. Kim is also respected for his 
long years of uncompromising resis- 
tance, and for his indefatigable quest 
for the presidency. Now he has wan the 
prize at a most difficult time, but the 
crisis is one for which he may be the 
best prepared of Korea's potential lead- 
ers. He enjoys the trust of labor unions, 
whose cooperation will be essential in 
the coming restructuring. His imme- 
diate offer of talks with North Korea's 
leader, although unlikely to produce a 
guide breakthrough, indicates a will- 
ingness to take chances and discard 
outdated patterns. And the president- 
elect has long championed small busi- 
ness and railed against foe giant con- 
glomerates that almost everyone now 
views as part of South Korea’s prob- 
lem. In that sense, perhaps he will prove 
to be a man whose time has come. 

— THE WASHINGTON POST. 


Mandela and After 


With an uncharacteristically milit- 
ant valedictory speech. South Africa's 
president. Nelson Mandela, who is 79, 
has marked the beginning of foe end of 
his era. He gave up the presidency of 
foe African National Congress and said 
his leadership of foe nation was now 
largely ceremonial. His successor in 
the ANC, and South Africa's likely 
next president in 1999, is Thabo 
Mbeki, who as -deputy president has 
been handling most governing duties. 
Mr. Mandela’s speech last Tuesday, 
while alarming in tone, expressed 
grievances that are splitting foe ANC 
and could explode nationwide if not 
addressed by Mr. Mbeki. 

Hie four-hour speech accused of- 
ficials of the apartheid government, the 
media and opposition parties of vari- 
ous attempts to subvert ANC rule by 
promoting crime and ruining the eco- 
nomy. The address, which is thought to 
reflect Mr. Mbeki's views, shows that 
neither man is immune to the political 
disease of confusing critics with en- 
emies. But Mr. Mbeki later said the 
speech had not been intended as a 
political program. It should be taken as 
an expression of frustration, an un- 
derstandable one given the defiance of 
many whites at any reduction of their 
still considerable privileges. 

The speech might also have been 
designed to co-opt the anger and frus- 
tration of critics of the government 
within the ANC and among its tra- 
ditional allies, thus relieving pressure 


on Mr. Mbeki to change his pro-busi- 
ness policies. While the ANfC’s elec- 
toral platform in 1994 pledged to make 
job creation its top priority, an eco- 
nomic program introduced last year 
emphasized cutting inflatio n and .at- 
tracting foreign investment. 

Hie economy has grown slowly and 
steadily for five years, butfoepoorhave 
dm seen foe benefits. Last year it grew 
by 3 percent, but unemployment is at 40 
percent The government is providing 
electricity and fresh-water taps, but it 
has been slower to build houses and 
improve health. To keen up with pop- 
ulation increases. Scum Africa must 
grow by ao unrealistic 6 percent a year, 
which dooms any strategy that counts 
on growth alone to lift the poor. \ 

The affection of poor South Afri- 
cans for Mr. Mandela has so far sus- 
tained their patience. People respect 
foe erudite Mr. Mbeki, but he is not 
beloved. The danger exists that he 
would respond to new pressure from 
foe poor with -coercion or dem- 
agoguery. He has not shown this in- 
clination. and Mr. Mandela has done 
his country the important service of 
encouraging democratic institutions, 
such as an independent press and ju- 
diciary, that will deter future presi- 
dents from abusing their powers. As 
long as Mr. Mbeki respects the rights 
of all his people, tackling poverty more 
directly would help South Africa's 
long-term stability. 

— THE NEW YORK TIMES. 


Other Comment 


The IMF Isn’t Infallible 

When a financial system hits foe 
wall, political and financial leaders 
who had looked foe other way sud- 
denly find themselves brought to book. 
Not so, alas, with international lending 
agencies. In Thailand, where today's 
troubles began, foe crisis traces itself to 
a banking sector where almost one out 
of every five loans is nonperforming. 
Yet foe IMF’s own record is not much 
better. According to a study by foe 
Washington-based Heritage Founda- 
tion. of foe 89 developing countries 
that have received the Fund’s help 
since 1 965, more than half are no better 
off than they were before — and 32 are 
actually worse off. 

This is not to say that everything 
pushed by the IMF is wrong; in foe case 


of South Korea, for example, foe Fund 
is right to insist that bad banks not be 
kept afloat. [But] not every Asian ob- 
jection to the Fund’s, advice rests on 
hidebound economic nationalism. 

In foe last few weeks the Fund’s 
chief has pulled more than S 100 billion 
out of his bag for foe region’s affected 
economies, with no noticeable im- 
provement in confidence. The seller's 
market the region enjoyed this past 
decade effectively meant there was no 
pressure to reform foe top-down eco- 
nomic structures so beloved of Asia’s 
political and business elites. Now that 
the market has decided to separate the 
' wheat from the chaff, is it rude ro ask 
whether anyone really believes the 
IMF can do it better? 

— Far Eastern Economic Review 
(Hong Kong). 


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Wishful Thinking Disguised as a Russia Policy 

«/ O C7 — ,v.. is comir 


W ASHINGTON — The year ends 
where it began, with the Clinton 

ariminigtratTfin ho ping agains t hope that 

an ailing Boris Yeltsin will recover and 
ride herd over an increasingly troubled 
U.S.-Russian relationship. 

Bill Clinton’s Russia policy, which 
began with bold strokes and strategic 
vision of an active partnership, has 
dwindled into wishful rh inking about 
Mr. Yeltsin’s hospital charts and what 
foe Russian president will do when be 
recovers from his latest emergency 
hospitalization for a “cold." 

On Iraq, NATO expansion, the leak- 
age of Russian technology to Iran's 
missile program and other sensitive 
matters. President Clinton has had to 
appeal directly to Mr. Yeltsin during 
the past 12 months to sidetrack chal- 
lenges from Moscow to American in- 
terests and goals in foreign policy. 

It has largely worked, although foe 
administration says it is not satisfied on 
foe Iran missile problem. When push 
comes to shove, Mr. Yeltsin seems 
ready to order bis ministers to do what 
Mr. Clinton seeks. 

Administration officials say the Rus- 
sian leader is responsive when be is 
forced to choose between bucking 
America and keeping foe Western fi- 
nancial aid that cooperation with the 
United States unlocks. 


By Jim Hoagknd 


A relationship between foe world's 
two greatest nuclear powers that is driv- 
en by mild diplomatic coercion from 
Washington is a sorry substitute for the 
ambitious partnership that Mr. Yeltsin’s 
commitment to integrating Russia into 
foe West originally inspired. 

Worse, it will not work for very bug. 
The coming year is a time when the 
Clinton administration should broaden 
its approach to Russia, whatever the 
state of President Yeltsin's health. 

The dangers of strategic dependence 
on a single mortal are obvious and 
much discussed within and outside the 
administration, which seems to have no 
clear picture of who or what would 
follow an abrupt departure from power 
by Mr. Yeltsin. 

Less discussed but just as important 
are the illusions about Russia that de- 
pendence on Mr. Yeltsin creates in 
Washington. For the White House and 
foe State Department, he seems to oc- 
cupy foe position of foe czar in foe old 
Russian adage: “If only foe czar knew. 
He would not allow ft." 

This has been another Moscow year 
of false starts and abrupt stops on deep 
fiscal reform, of sudden retreats on 
fighting corruption and correcting the 


. . R „ t T w rc ien is coming to an 

errors of a privatization program that re ^ n - "j 11 k foe utility of that ar- 
smp-mined Russian industry for the end. corrcnt illness is far kss 

benefit of a privileged few. ft is now 2 u ^ e f c L t r.rt is U QU i n tuple bypass sur- 
hand to believe that this situation is Meumonia of last 

accident* or due largely to . £ fcmoVs" nous than a cold. 


or due largely to 
Yeltsin’s lack of knowledge or interest 
in economic matters. 


economic matters. diploma Russian politics no 

He continues to shuffle reformist and i^ary choice between 

this quo governing teams, mspmng longer^esenia G uar j and Boris 

rehesofehangefoatare stymied wfoen S?”Sdie? faces and forces will 
vested interests feel threatened. The Yeltsm. Oa»r .... R^ian 
West, through the International Mon- dotmnaje the * fld ^ model of 
etaiy Fond, responds by halting loans foal Washington 


for a while to 
collection and 


uieeze Moscow on tax 
priorities. 


trickle-down stability 
as sumes still prevails. _ _ . , 

But foe fund resumes the loans when 

Mr. Yeltsin’s position seems to grow and less 

shaky. It is about to pony up another or a healthier, . 


shaky. It is about to pony up anotner of a 1 financial and tax 
$700 million payment to Moscow manipulated Russtannn 

pretty much on that ^ ££ ^ SrS 

that Mr. Yeltsin has refused 10 altereven 
though the price has been foe creation oi 
Russia policy. Important originally as a a void when it < comes 

lying on Mr. Yeltsin to deliver dip- 
lomatic goodies, while overlooking his 
willful refusal to work seriously for a 


Who is coercing whom? Mr. Yeltsin 
needs foe aid. But Mr. Clinton needs 
Mr. Yeltsin to have a semblance of a 


now become a symbol of an illusory 
stability created at foe top. He must be 
supported. His inability to pursue genu- 
ine, root-and-branch reform for more 
than six month* at a time must be 
overlooked and even financed from 
abroad, in Washington’s view. 

There has been a strong argument for 
this view for much of Mr. Yeltsin’s 


system that does not depend on a czar- 
tike leader, is shortsighted strategy. 
The goodies are certain to disappear 
when he does. 

The Washington Post. 


For Koreans, a New Chief Just When Change Is Needed 


S EOUL — Kim Dae Jung 
will become president of 
South Korea at the worst pos- 
sible time — and at foe best 
possible time. 

It is the worst of times, given 
the country’s dismal financial 
situation and economic out- 
look, which will require harsh, 
politically unpopular remedies. 

But it is me best of times, 
since such remedies, which are 
long overdue, have now been 
mandated by the International 
Monetary Fund and accepted by 
foe government This provides 
foe new leader with a strong 
reason for endorsing them and 
pursuing unpopular measures. 

At one point in foe campaign, 
candidate Kim said he wanted to 
“renegotiate” foe IMF condi- 
tions, but he quickly relented. He 
now appears to accept that bind- 
ing agreements made by one ad- 
ministration must be honored by 
foe next As president-elect, he 
must continue fo send clear sig- 
nals that he remains co mmi tted 
to foe IMF agreement Failure 
to do so would only exacerbate 
foe crisis. 

Also, Mr. Kim should 
quickly establish a special eco- 
nomic advisory commission to 
help develop a long-term plan 
to institutionalize IMF reforms 
and ensure continued progress 
in liberalizing trade ana invest- 
ment policies. It is in the do- 
mestic and international busi- 
ness communities that the 
greatest doubts about his lead- 
ership abilities are found. He 
needs to allay these concerns. 

' It is also foe best of times 
because foe recent start of for- 
mal four-party peace talks in- 
volving North and South Korea, 
China and foe United States 
presents foe best opportunity 
for peace on foe peninsula since 
foe breakdown of North-South 
talks in early 1993. 

Mr. Kim has shown more 
flexibility in discussing various 
approaches toward foe North 
than almost any other South ' 
Korean politician. In a pre-elec- 
tion interview in The Korea 
Herald, he underscored foe cen- 
tral importance of raaintainin&a 
strong security system even 
while engaging Pyongyang “to 
allay their fears and turn then- 
isolation into openness and re- 


By Ralph A- Cossa . 


form through inter-Korean talks 
and inte rnati onal aid. " 

To calm fears among his own 
people and among South 
Korea’s allies, Mr. Kun should 
repeat his strong support for the 
U.S.-South Korean military al- 
liance and work closely with foe 
U.S. government in developing 
a coordinated, nonconfranta- 
tional but firm approach to deal- 
ing with Pyongyang. 

He has rightly observed that 
President Kim Young Sam’s 
“lack of policy consistency” 
has resulted in “unnecessary 
conflict" and a “negative im- 
pact on U.S. confidence" in 
Seoul’s policy. 

Kim Dae Jung’s election 
opens the door for a more flex- 
ible and imaginativ e approach 
to the North, ft should be aimed 
at widening channels of com- 
munication. High priority 


should be given to increasing 
access of nongovernmental or- 
ganizations and foe private sec- 
tor to foe North, including trade 
and investment. This would en- 
courage a greater sense of in- 
terdependence. South Korean 
' and American policies font in- 
hibit or prohibii such actions 
should be reassessed. 

Unilateral efforts and good- 
will gestures, including gener- 
ous food aid for the North, 
should be considered, not* as 
gifts but as a means of increas- 
ing interdependence. Humanit- 
arian assistance should not be 
linked to near-term political ob- 
jectives, although insistence on 
more effective monitoring of 
distribution is appropriate. 

But any substantial long- 
term benefits to be offered by 
foe South or foe United States, 
such as a reform program for the 


North's agriculture, should be 
linked to specific actions or 
concessions by . Pyongyang. 
This can best be handled within 
the framework of the four-party 
talks, specifically, foe sched- 
uled dialogue on North-South 
confidence-building measures. 

The presidential election 
provides an ideal opportunity 
both for a renewed endorsement 
of the key role of a strong U.S.- 
South Korean security relation- 
ship and for a comprehensive 
reassessment of U.S.-South 
Korean policy toward foe North 
bared on clearly identified and 
mutually shared objectives. 

While peaceful reunification 
of the p eninsula remains foe 
goal of both Seoul and Wash- 
ington, policy emphasis today 
should be on creating the en- 
vironment in the North that will 
make reunification possible 
over time. This requires a long- 
term strategy — one that is 


aimed neither at propping up: 
nor hastening foe collapse of the 
current regime in Pyongyang. 

The near-term objective 
should be to encourage coex- 
istence while removing sources 
of tension and insecurity, and 
fostering changes in attitude 
among foe people of the North. 

For any long-term strategy to 
succeed. South Korea must first 
get its own house in order. This 
requires a sound economic plan 
to carry out IMF reforms and 
promote further economic lib- 
eralization. ft also requires a 
genuine effort to mend political 
wounds that were reopened or 
deepened in the hotly contested 
presidentiahelection campaign. 

The writer is executive di- 
rector of the Pacific Forum 
CSfS, a Honolulu-based re- 
search institute. He contributed 
this comment to the Interna- 
tional Herald Tribune. 



W ashington — it is 
part of our way of dealing 
with economic .crisis that the 
explanations come instantly 
and with remedial prescrip- 
tions, and from precisely foe 
established professionals and 
authorities whose earlier pre- 
monitions, if any, did not quite 
penetrate to those of us who are 
amateurs in the game. 

Typically, writes the Far 
Eastern Economic Review of 
last month’s bankruptcy of a 
huge Japanese brokerage 
house, Japan’s economic man- 
darins whitewashed for a fall 
six years foe severity of foe 
problems resulting from foe 
bursting of the Japanese 
“bubble economy.” 

But never mind. Even an am- 
ateur can identify foe official 
international response to the 
crisis now touching Thailand, 
South Korea and Indonesia, 
among others; As the Financial 
Tunes describes it, foe IMF is 
acting as world economic fire- 
man “squirting” money and 
conditionality on financial 
fires. The Fund speaks for the 
developed countries' central 


By Stephen S. Rosenfeld 


banks and financial ministries. 
Stability is what it does.- 

As it happens, I recently saw 
up close the effects of an IMF- 
type attempt to douse a fire. In 
Mexico, foe cost' of an Amer- 
ican-led bailout analogous to 
IMF prescriptions for the ailing 
Asian tigers is on plain view. 

Yes, growth is being re- 
stored. But foe rescue operation 
produced act merely a pitiful 
aggravation of lower-class 
poverty. Cruder in a sense, it 
also decimated a middle class 
that thought it was a rising 
middle class — foe classic 
prerevolutionary condition. 

Whether the IMF’s medicine 
delivers foe Mexican economy 
to a structural cure is in foe 
category of remains to be seen. 

South Koreans and other af- 
fected Asians intend to export 
their way out of foe tremendous 
financial bind that their IMF. 
conditions thrust upon them. 
Good luck. To aid their exports 
they are into competitive de- 
valuations of their currencies. 
One wonders how the newly 


Iran’s Real Hope Is Its People 


W ASHINGTON — Con- 
ciliatory remarks by 
President Mohammed Kha- 

foe West for a iTOreroen Sran. 
Only a few days before Mr. 
Khatami's gesture, however, 
the UN General Assembly 
passed a resolution calling for 
Iran to “stop executions for 
nonviolent crimes and estab- 
lish h uman rights for women 
and minority religions.' ' 

The United Nations special 
investigator, Maurice Co- 

pithoroe, had concluded that 
improvements in h uman 
rights under President Kha- 
tami were “so modest as to 
represent little substantive im- 
provement.” 

As if to confizzn these find- 
ings, Ibrahim Yazdi, a former 
foreign minis ter and the head 
of an opposition group, was 
imprisoned on Dec. 14 with- 
out explanation or charges. 

Seen in this context, Mr. 
Khatami’s repeated remarks 
about the value of a civil so- 
ciety and foe importance of the 
rule of law ring hollow. 

There is a misconception 
about foe term “rule of law" 
as used by leaders of the Is- 
lamic Republic. And the West 
has foiled to recognize that die 
real force for change in Iran is 
foe Iranian people. 


By Azar Nafisi 


In foe West, “rule of law" 
means civil rights and demo- 
cracy. But foe Islamic Repub- 
lic's constitution, which Mr. 
Khatami insists on observing, 
mandates foe subservience of 
women, morality patrols, foe 
negation of minority rights 
and censorship of all that is 
deemed “un-lslamic.” Iran's 
supreme religious leader can 
annul any decision marie by 
the Parliament. 

Ordinary Iranians have their 
own methods of challenging 
foe law. For instance, there 
was the “soccer revolution" 
last month, when millions of 
Iranians celebrated the nation- 
al team’s qualification fix' foe 
1998 World Cup by pouring 
into foe streets of Tehran, 
honking boms, playing music. 


at best, its symptom. What foe 
people are demanding is 
anchored in- a history of 
struggle for a more modem 
and civil society. 

Mr. Khatami’s victory in 
September was rooted m a 
paradox: He had to belong to 
foe clerical hierarchy to qualify 
for foe election, but to win pop- 
ular support, he had to cam- 


fomen, who are officially 
banned from sports stadiums, 
rushed out to join foe cele- 
bration. Some doffed their 
head scarves. All such acts are 
punishable by finea, prison 
teams and flogging. In this 
case, foe sheer number of rev- 
elers made it impossible for the 
Iranian police to make arrests. 

Mr. Khatami is not foe 
cause of change in Iran; be is, 


this hierarchy stood for. 

He now expresses hope for 
a “thoughtful dialogue' with 
foe United States. In response. 
President Bill Clinton identi- 
fied terrorism, foe manufac- 
ture of weapons of mass de- 
struction, and active oppo- 
- sitkra to the Arab -Israeli peace 
process as obstacles to Iran’s 
overtures. Unfortunately, he 
missed foe opportunity to 
voice concern for foe human 
rights' of foe Iranian people, 

. They have demonstrated 
that foe defense of individual 
rights and the creation of a 
civil society are not a Western 
concern but a universal one. 


The writer, an Iranian vis- 
iting fellow at Johns Hopkins 
University, was fired from her 
teaching position at Tehran 
University for not wearing a 
head scarf. She contributed 
this to The New York Times. 


inspired exporters of already 
export-heavy Pacific Asia are 
going to find foe large addi- 
tional markets they will be seek- 
ing, urgently, for their goods. 

Ih that regard, somebody 
with a voice ought to remind us 
of what are foe economic limits 
of foe vast expanded global 
t rading scherhe contemplated 
by the more ardent apostles of 
free trade. 

I am not shipping away from 
support for foe principles of free 
trade. But sorely it cannot be the 
answer to everything — to jobs, 
to poverty, to growth, to the 
discipline and austerity imposed 
by the IMF. And surely every- 
one cannot be a net exporter, 
and of foe same products. 

As for the political limi ts on 
trade enlargement. Congress 
has blunted Bill Clinton's 
“fast-track" initiative for tar- 
iff-lowering trade talks in a sig- 
nal of hesitation heard around 
the world. Just as the IMF has 
loan conditions centering on fi- 
nancial and budgetary consid- 
erations, foe U.S. Congress has 
conditions for its support of free 
trade focusing on employment 
standards and foe environment. 

ft tarns out, of course, that 
designation of a foreign econo- 
my as free-market is no more a 
g uarante e of enduring effective 
performance than designation 
of a foreign political system as a 
democracy. In both cases, the 
external forms — good growth 
numbers, free and fair elections 
— may be undercut by internal 
institutional weakness. 


Set aside for foe moment foe 
panting tigers. Lack of a strong, 
accountable banking system 
and of sufficient transparency 
and openness has plagued even 
mighty Japan. 

IMF assistance and discip- 
line. necessaty in the short run, 
are no substitute for painfully 
won progress in institutional 
growth at home. This is a fa- 
miliar lesson, but its point has 
been dulled in foe post-CoId 
War euphoria over foe discred- 
iting of command economies. 

Some greater realism about 
foe pace of maturing of free 
economies is being forced upon 
an international audience by foe 
anguish coming out of Asia. The 
common diagnosis of poorly 
regulated financial systems may 
not be the last word, but it is foe 
agreed place to start foe cure. 

In foe early Clinton years, 
voices were heard commending 
a focus on Asia in order to better 
enter markets that were seen to 
be expanding rapidly and that 
were thought to possess a spe- 
cial key to growth. The latest 
developments devalue what 
was left of any American tend- 
ency to impute magic to Asian 
economies. 

But this is not to sell Asia 
short. In foe global sweep- 
stakes, Europe is far from 
counting itself out, and the same 
must be said of Asia. Its talents 
and resources ensure that its 
current difficulties are nor a 
stopping point but a bumpy 
phase in the development of a 
global economy linking nation- 
al and regional economies. 

The Washington Post. 



IN OUR PAGES: 100, 75 AND 50 YEARS AGO 
1897: Spanish Rule 

MADRID — A despatch from 
Manila states that several hun- 
dred rebels have presented 
themselves before foe date ap- 
pointed to make their submis- 
sion. Several thousand natives 
have also tendered their submis- 
sion. The act of submission will 
be made with great solemnity. 

The rebels will march past foe 
Spanish troops laying down 1 
their arms, and General Agui- 
naldo himself will issue a mani- 
festo formally recognising foe 
sovereignty of Spain. 

1922: French Masons 

PARIS — Ferment reigns in 
French Communist circles ow- 
ing to a recent edict from Mos- 
cow barring French Freema- 
sons from foe Red International 
The order was decided when the 
Italian delegates spread foe be- 
lief that foe French Freemasons 
may be inspired to wreck Com- 


munism in France. A study ol 
foe edict shows that virtually 
every member of foe French 
directorate has been called on to 
resign, Moscow insisting foal 
foe directors of the party must 
be manual laborers, not writers 
and professional politicians. 

1947; Pope’s Message 

, In a Christmas en- 
^chcal released today [Dec. 
m Pope Pius Xfl called upon 

ffSSSP PH 1 * forpeacein 
foe world that is still threatened 
tty war. Recognizing that peace 

JJKL 3 * 1 ? ss H red ' he declared 
Principal source of ail 
^-hich beset mankind 
today is the fact that people have 
foramen the religionof EhrisL 

ine encyclical entitled “Opr- 
atissuna Pax" (the long-sought' 
s^peace) expresses HistSi- 
over foe "un- 
foture and foe bitter 

5?L2?* n 3 aed widespread 

poverty and social unrest. 





PAGE 9 



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EVTE RJVATIONAL HERALD TRIBUNE, MONDAY, DECEMBER 22, 1997 


LANGUAGE 


Where Travelers Rest Their Weary Heads 


By William Safire 


KpSwSS 

what do you call the bMhaessXi 

caters to your needs? m t 

tJS! r° IeI husine *s is too narrow 
years a e°- hmdiers 
changed the name of their association 
to include .motels (coined in 1925 from 

n£? r t bur now 4 K 

head fr °™ 
to luxurious 

This need to spread out a category 
has. produced the fodgmg 
which includes extended-stay lodging 
(four nights or more at a place with a 
kitchenette) and alternative lodging 
(lime-sharing arrangements and vaca- 
tion condominiums). The origin of 
lodge as well as lobby is from theLadn 
for shelter of foliage,” which ex- 
plains why so many hotel lobbies and 
bke jungles today. In 
t X/ e -P 11 ’ 1 10 Serve,” a new book by 
J-W. Marriott Jr. and Kathi Ann 
Brown, lodging industry is the pre- 
ferred term, but the accompanying 
news release refers to Bill Marriott as a 
hospitality industry executive. 

Now we’re getting somewhere. The 
hospitality industry, according to 
Maim Dacy at the quaintly named 
American Hotel and Motel Associ- 
ation, includes both the lodging in- 
dustry and the gaming industry. (Never 
say gambling, and casino has a sinister 
connotation; gaming sounds like fun 
and games.) Cornell University’s 
School of Hotel A dminis tration says 
on its Web site that it "has set the 
standard for hospitality management ” 
and is * ‘helping prepare the future lead- 
ers of the global hospitality industry” 
Florida International University 
Broward County has a School 


°f Hospitality Management. 

If you’re being hospitable (from the 


Latin hospes, “host,” as are hotel, 
hosmtalitv and hospital). 


hostel, hospitality , 

you’ve got to feed die guest Part of the 
hospitality industry, says the restaur- 
ateur-raconteur George Lang, is the 
restaurant industry . Lang — whose 
forthcoming autobiography, “Nobody 
Knows the Truffles I’ve Seen.” is a 
book to savor, relish, smack one’s lips 
over and profoundly appreciate — in- 
cludes in the restaurant industry 


The ‘hotel business 9 
sprouted many branches 
as it grew into the ‘travel 
and tourism industry . 9 


tial research from a nice lady who gives 
me a bagel and a schmear on the Delta 
shuttle suggests that layover is a term 
for a stopover by flight crews, bur a 
sutyover is a stay of any length by 
passengers. This department is pre- 
pared to entertain further analysis of 
the combining form -over from flight 
attendants, formerly stewards and 
stewardesses, but why can't they sub- 
stitute nut bread for the bagels once in a 
while? 

Here are some neologisms culled by 
Thomas Wallace, editor in chief of 
Conde Nast’s Travel magazine: 

• Back-to-back ticketing is a tech- 
nique business travelers use to take 
advantage of airline weekend fare of- 
fers: These Sneaky Petes buy two bar- 
gain round trips, each with a Saturday 


m 


everything from tablecloth manufac- 
turers to vintners and interior design- 
ers. He cautions me, however, not to 
make that the food and restaurant in- 
dustry, lest the sale of food and bever- 
age on premises, which is the primary 
business of restaurants, slops over to 
the production and sale of food from 
farm to supermarket, which is the food 
industry and goes beyond what we’re 
talking about here. 

Hospitality's umbrella covers where 
people stay ’( lodge) and what they do 
there (play and eat), but not how they 
get there. Now you need a super-um- 
brella term to reach out over the meth- 
od of reaching the hospitable place. 
Leisure industry ? No, thar hoge field of 
determined recreation contains much 
that can be done at home, a place of 
habitation rather than lodging. The tie 
to, and subsumer of, hospitality is the 
travel and tourism industry. 

We're there. The lingo of travel 
agents is worthy of separate study. 
Work is needed on the differentiation 
of layover, stayover and stopover, ini- 


whatever-over, using only half of each 
than oneTues- 


tiefcet, which is cheaper I 
day-to-Thursday round trip. 

• Leaf peepers, “people whose va- 
cations consist of seeing the country’s 
fall foliage.” 

• Open-jaw ticket, a triangular pat- 
tern of air travel (like Toronto- London- 
New York) .without completion of the 
return. 

• Affinity miles, frequent-flier miles 
you get through your credit card, your 
long-distance telephone company and 
any other outfit that likes to throw a 
FIT, an acronym for “frequent inter- 
national traveler.” (Affinity is rooted in 
“related by marriage,” as opposed to 
consanguinity, “related by blood.” 
When an airline owns a hotel, and the 
bote! offers frequent-flier miles, those 
should properly be called consanguin- 
ity miles.) 

• Red sea rig, men’s cruisewear 
having nothing to do with the Red Sea; 
a black-tie outfit worn without the 
jacket but with a red cummerbund. 

• Express checkout, a columnist's 
quick way of leaving a subject. 

New York Tunes Service 


BOOKS 


THE WINNER 

By David Baldacci. 513 pages. $25. 
Warner Books. 

Reviewed by 

Christopher Lehmann-Haupt 

D AVID BALDACCI gets catchy 
ideas for thriller plots. In his first 
novel, “Absolute Power," a cat burglar 
robbing a mansion inadvertently wit- 
nesses a murder, committed by die pres- 
ident of the United States no less. In his 
second novel, "Total Control,” a woman 
loses her husband in a plane crash, only to 
be told by the FBI that her husband caused 
the crash and is actually still alive. 

Now in “The Winner," Baldacci has 
come up with yet another good one. 
LuAnn Tyler, ofRflceraville, Georgia, is a 
20-year-old unwed mother with only her 
Daisy Mae good looks and hex raw phys- 
ical strength going for her. She’s solicited 
for a job interview by a man calling 
himself Jackson, a master of disguises 
who “had received a first-rate education 
from a prestigious Eastern school” and 
“achieved a rare double major in drama 
and chemical engineering." 


What Jackson offers LuAnn is a guar- 
antee to be the next winner of the $100 
milli on national lottery. LuAnn, “a fire- 
cracker with a heart of gold,' ’ huffs: Are 
you kidding? That would be wrong. So 
she walks away from the proposition. 

Bui when she gets home to the trailer 
she shares with the no-good father of her 
child, she walks into the middle of a drug 
deal gone wrong. In self-defense she 
ends up killing a man who has just fatally 
stabbed her boyfriend. At least she 
thinks she has killed the man. She also 
believes that the only way out of her 
predicament is to accept Jackson’s offer 
of the lottery fix. 

Solar, so good. LuAnn is sympathetic 
in her integrity andher fierce devotion to 
her baby daughter, Lisa. So we toot for 
her as she follows Jackson 's instructions 
to buy a lottery ticket and travel to New 
York City for the drawing. And the 
excitement builds as one by one the balls 
with her numbers come up. 

Until the last number “Ever so 
slowly, even as LnAnn’s heart 
threatened to cease beating, the two 
balls, as though carefully choreo- 
graphed, again swapped places -with 


each other in the swirling spray of hot air, 
even ricocheting off one another at one 
point After this momentary collision, 
the number one ball, mercifully for Lu- 
Ann, finally shot through die opening 
and was caught in the tenth and final 
tube.” She has won her $100 million. 
But, alas. Baldacci has trouble sus- 


taining the drama. After a while, you 

of “The 


find yourself turning the pages ot “The 
Winner" mechanically, in a state more 
of tepid curiosity chan of excitement 
On closer acquaintance, LuAnn and 
Jackson turn out to be two-dimensional as 
characters: She’s little more than mus- 
cular and devoted to Lisa; he's a standard- 
issue psychopath suffering from an ab- 
usive upbringing. And the members of the 
supporting cast are so wooden that you 
can practically count the rings in them. 

As for storytelling, Baldacci is as am- 
ateurish as an untrained puppy- He is 

; poi 
Bali 


capable of changing narrative point of 


view in midpunch. If only Baldacci 
could write half as well as he can dream 
up plot gjmmicks. Then “The Winner" 
would deserve to climb the best-seller 
. lists, even as high as it inevitably wilL 
New York Times Service 


BRIDGE 


By Alan Truscott 


by 


T RUE freak hands, in 
which at least one player 
has either two voids or a void 
and a singleton, rarely pro- 
duce problems in the play. 
The diagramed deal is an ex- 
ception. Before reading on, 
consider the prospects of 
game contracts for North- 
South. 

The deal occurred in a du- 
plicate game at the Riverdale 
Yacht Club in Riverdale, 
New York. It was organized 
by Claire and Peter Martin in 
memory of Dorothy and Re- 
ginald Johnson, who directed 
the club’s weekly game for 
many years. 

When the South players re- 
covered from the shock of 


prospects but is ruined 
the bad heart division. 

A four-heart contract 
makes easily against passive 
defense, for South loses just 
three trump tricks. But a club 
lead begins ' the process of 


worth . 

• AK10874 
9Q 
0 Q3Z 
*K72 


WEST 

♦ Q 

^ A 1869 
0 10 64 

♦ 1885 


EAST 

♦ 186932 
O — 

O S 

♦ A Q 10 6 4 3 


. weakening South’s trumps. 

The declarer ruffs and 
leads a heart, won by the ace. 
A second club forces another 
ruff, and South and West have 
equal length in trumps. 

It would now be an error 
for South to cash the heart 
king. Instead be should cross 
to the diamond queen, throw a 
diamond on the spade ace and 
force himself by ruffing a 
club. Then he can cash two 
diamond winners and reach 


cbntract of three no-trump by 
North cannot be beaten. 

East gives the declarer bis 
ninth trick if he leads a club. 


so he tries a spade or a 
• Non) 


diamond. After North has 
taken the spade and the dia- 
mond queen, in any order, he 
leads a low spade. This en- 
dplays East at the third trick, 
a contradiction in terms. 


the position shown at right 
A diamond winner is led. 


SOUTH (D) 

♦ — 

7K 10 97342 
0AKJ987 

♦ - 

Neither side was vulnerable. The 


seeing red, and only red, they 
J Tv ‘ ' 


usually bid slowly to fonr 
hearts or five diamonds, both 
entirely reasonable contracts. 
Six diamonds has excellent 


bfcfcftog: 

South 

Wes 

Norte 

Bast 

1 9 

Pass 

1 * 

2* 

a« 

Pass 

3* 

Pass 

3 e 

Pass 

3 N.T. 

Pass 

4 e 

Pass 

4<? 

Pass 

Past 

Pass 



West led the chib Qve. 



and South cannot be preven- 
ted from making three tricks 
and his game. If West ruffs 
and leads a club, he is en- 
dplayed by the- lead of the 
final diamond. 

Five diamonds also suc- 
ceeds, even if West is inspired 
to lead a low heart and give 
his partner a ruff. 

But that is not the complete 
answer to the question posed 
at the start: the improbable 


NORTH 
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WEST 
♦ — 

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EAST 
♦ J96 
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0 - 
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SOUTH 

♦ - 

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0 J9 

4 - 


CROSSWORD 


ACROSS 

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INTERNATIONAL 



BRIEFLY 


Iphr hanTDtw 

Thabo Mbehi, head of the ANC, greeting Winnie Madikizela-Mandela 
with a kiss after her election to the ANC national executive committee. 


MANDELA: Putting Whites on Notice 


Continued from Page 1 


sonal meetings with whiles. Bui some 
here fear that the Mandela-Mbeki team 
has invoked racial group interests to an 
extent that is out of step with the new 
government's espoused goal of a non- 
racial society. 

“He was clearing the decks for 
Thabo Mbeki to come and focus no 
longer on reconciliation but on the 
primacy of the interests of the black 
majority.” said Themba Sono. presi- 
dent of the South Africa Institute of 
Race Relations. “Does this comport 
with our constitutional prescription?” 

The answer would appear to be yes 
and no. 

The new South African Constitution 
allows for the wrongs of the past to be 
righted, but it also allows for the pro- 
tection of minority rights. These two 
goals do not necessarily conflict. 

The ANC continues to see itself as a 
black liberation movement with a mis- 
sion not simply to rule the country but 
also to improve the lot of the black 
majority ana provide it with the quality 
of life and the opportunities robbed by 
apartheid. 

But government is almost the only 
sphere where the ANC can hold ef- 
fective sway. The civil service, under a 
compromise with the last white-minor- 
ity government, is still largely populated 
by bureaucrats of the old regime. Hie 
economy, despite some high-profile 
deals called ‘ ‘black empowerment,' ’ re- 
mains vastly white-controlled. 

Overall. 65 percent of whites were in 
the richest of five income brackets in a 
recent survey, compared with only 10 
percent of blacks: conversely 23 percent 
of blacks were in the poorest income 
bracket, compared with only 1 percent 
of whites. 

Thus, blacks’ interest in political and 
economic advancement conflicts 
sharply with whites’ interest in holding 
the lme. In an economy where growth is 


stagnating at a projected 2.5 percent for 
the year and unemployment is on the 
rise, where black college graduates 
enter a job market with few jobs, these 
debates take place in a zero-sum context 
in which one group's gain is seen as 
another group's loss. 

The debate over change has been the 
subtext of several policy debates cutting 
across every sector. Is affirmative action 
for black workers fair? Does black labor 
have too much power? Will the coun- 
try's new frce-market. fiscally conser- 
vative economic policies benefit large 
corporations or the country's rank and 
file? Should affluent white areas bear a 
heavier tax burden so that poor black 
areas can be upgraded? And so on. 

Mr. Mandela, in his speech, offered 
no solutions to this transformation 
conundrum. 

But he quoted two well-known global 
capitalists, David Rockefeller' and 
George Soros, to support his contention 
that unfettered frce-market policies can 
be damaging to the common good and 
that governments must sometimes in- 
tervene to establish economic equilib- 
rium and foster change. 

To refute opponents of affirmative 
action here, he quoted a landmark 1965 
civil rights speech by President Lyndon 
B. Johnson. "We seek not just freedom, 
but opportunity,' ' and “not just equality 
as a right and a theory, but equality as a 
fact and as a result.” 

Amid the white hand-wringing in- 
duced by Mr. Mandela's speech, Patrick 
Bulger,’ political editor of The Star 
newspaper, departed from the pack and 
wrote a scathing analysis of the white 
perception. He said ihe common but 
unspoken white view is “that blacks 
somehow should be satisfied with less, 
that this is somehow in the natural God- 
given order of things." 

“The ANC, the conventional white 
wisdom would go, is welcome to bring 
about a better life for all South Africans, 
but not at the cost of white privilege.” 


Algerians Report 
18 More Killings 


ALGIERS — Two bomb explo- 
sions killed eight people and 
wounded four near Algiers, while 
10 bodies were found in a well in 
the Miiidja region, it was repotted 
Sunday. 

Five people were killed and one 
person w as wounded in Benutitu. on 
the outskirts of the Algerian capital, 
when a bomb exploded. La Tribune 
newspaper said. In another suburb 
of Algiers, Sidt-Moussa. a bomb 
exploded in a house, killing three 
and wounding two , it reported. 

In Lahauziz. a village in the 
Miiidja farming plains south of the 
capital. 10 bodies were found in a 
well Wednesday. Four of the bod- 
ies were of women found decap- 
itated and in an advanced state of 
decay. La Tribune said. Only four 
bodies were identified. tAFPi 


Moi Says Coalition 
Fosters Tribalism 


Peru Tensions Rise 


NAIROBI — President Daniel 
arap Moi of Kenya, seeking re- 
election to a fifth, five-year term, 
said he was opposed io u coalition 
government, tearing tribal tensions 
would worsen. 

Mr. Moi. in his first live tele- 
vision interview, said Saturday that 
tribalism would continue to stow 
development unless Kenyans 
began to approach issues from a 
national level. “You will hear a 
politician saying his tribe is being 
marginalized, and in the same 
breath addressing national issues." 
said Mr. Moi. 73. “This is not good 
because it does not promote na- 
tional unity.” 

Some of the 15 candidates for 
president have openly campaigned 
for tribal voles in this’ country of 42 
ethnic groups. t APt 


LIMA — President Alberto 
Fujimori has ordered Peru's mil- 
itary leaders back to their posts as 
tensions between the Peruvian ex- 
ecutive and the country's top mil- 
itary leaders mounted. 

Military leaders had assembled 
in Lima on Friday and Saturday to 
celebrate the 63d' birthday of Gen- 
eral Nicolas Hermoza Rios, whose 
relationship with Mr. Fujimori has 
taken a turn for the worse. (AFP) 

























































































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BUSINESS/FINANCE 


MONDAY, DECEMBER 22, 1997 


Ghosts of Deficits Past: 
America Relives the Fear 


Flood of Asia n Imports Set to Swell Trade Gap 


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By Richard W. Stevenson 
and David E. Sanger 

ATw Kurt 7imnr Sirrvirr 


WASHINGTON — After years in 
which the strong economy has 
dampened- confrontations over interaa- 
lionaJ trade, the issue is set to flare again 

inaincl « K«rlrHmn nf k.— : i • ■ 


against a backdrop of turmoil in Asia as 
imports surge and exporters find ir mow* 


imports surge and exporters find it more 
difficult to sell their goods abroad 

The near-certainty that the US. trade 
deficit will be driven sharply higher by 
the economic crisis sweeping through 
Asia has profound economic and polit- 
ical implications. 

Some U.S. workers could lose their 
jobs, and employers could feel pressure 
fo hold down wages. The profits of 
multinational corporations have already 
been put under pressure by the down- 
turn in Asia, unnerving investors, and 
analysts are forecasting more bad earn- 
ings news. 

On the positive side, a flood of cheap 
imports could help hold down inflation 
and obviate the need for higher interest 
rates. But tensions with large trading 
partners like Japan could be revived. 

The Asian crisis is already altering 
trade patterns, in South Korea, for ex- 
ample. U.S. goods are nearly twice as 
expensive, when bought with the coun- 
try's devalued currency, as they were at 
the beginning of the year. That is 
squeezing U.S. exporters ranging from 
auto-part makers to farmers and could 
imperil the jobs those exports support. 

A survey last week by the National 
Association of Manufacturers found 
that four out of five manufacturing ex- 
ecutives anticipated significantly lower 
exports next year because of the prob- 
lems in Asia and the resulting currency 
fluctuations. Among the industries that 
the association expects to be partic- 
ularly hard-hit are electronics, telecom- 
munications equipment and capital 
goods. 

Imports from Asian countries are 
tumbling in price, reflecting the steep 
decline in the values of their currencies 
relative to the dollar — a boon to Amer- 


ican consumers and a big help in hold- 
ing down inflation. Government sta- 
tistics released last 'week showed that 
import- prices from South Korea, 
Taiwan, Hong Kong and Singapore fell 
1.2 percent in November, before the 
most recent round of currency de- 
clines. 

Economists said the effect would be 
to drive the trade deficit back to or above 
the records set in the late 1980s, al- 
though it would still be a smaller share 
of economic output than in riiar de- 
cade. 

Some foreign governments are 
already maneuvering for what they ex- 


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mmm 




A lowing Coneera 




CovEgAdL TBABG o^fT ; .ca*» the .United States trade 
Goods arxismnc^ ! with that re^on to balfoon. 


peer will be an increasingly nasty eco- 
nomic and political battle with Wash- 
ington. The Japanese, clearly fearful of 
a backlash in Washington, are already 
playing down the importance of any big 
increase in their trade gap with the 
United States. 

“What’s the problem?” Foreign 
Minister Keizo Obuchi said during a 
visit to Washington 10 days ago, de- 
parting fiom the usual Japanese assur- 
ances in recent years that the dereg- 
ulation of the Japanese economy will 
close its trade gap with the United 
States. “If yon buy Japanese goods and 
we use the money to buy oil from Saudi 
Arabia, and they buy F-16s, there is no 
real difficulty.” 

Clinton adminis tr atio n officials say 
the rising deficit is a sign of economic 
strength, not weakness, and in any case 
represents only a tiny fraction of the 
nation 's economic activity. But they are 
clearly worried. 

of unfettered trade, especially^ the 
liberal wing of the Democratic Party, 
scored a big victory last mooch what 
they blocked President Bill Clinton's 
request to Congress for a renewal of his 
trade-negotiating authority. A sharp in- 
crease in (he trade deficit would only 
embolden Mr. Clinton’s opponents on 
trade issues. 

“People are going to use this as a way 
to say that the U.S. is losing jobs to these 
countries and that we shouldn’t be so 


J,K : . 


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Source: Hmtaf An&fytica 


fixated on bilateral and multilateral 
trade opportunities,” said Representa- 
tive Robert Matsu i. Democrat of Cali- 
fornia, who supports Mr. Clinton's trade 
agenda. “As some of these numbers 
come out, it could be a problem for 
us.” 

Administration officials and many 
economists say the projected increase in 
the deficit is nothing more than a re- 
flection of the strong demand for goods 
and services being generated by a nation 
growing much faster than its main trad- 
ing partners. 

And there are benefits from the im- 
balance. U.S. consumers will enjoy 
lower prices on Sony camcorders from 
Japan, Hyundai automobiles from 
South Korea, sneakers from Malaysia 
and other Asian goods. Because do- 
mestic competitors will have to hold 
down their prices as well, the overall 
inflation rate should be kept in check. 

The flip side is that U.S. companies 
will have even less ability than they 
have had in recent years to raise prices in 
America. Combined with their diffi- 
culties in exporting, the profit outlook 
for many companies is worsening. 

But even the slowdown in exports 
will have a positive side. Many econ- 
omists are forecasting that it will help 


take some steam out of an economy that 
has been threatening to overheat, thus 
reducing growth to a sustainable pace 
and preventing the Federal Reserve 
Board from raising interest rates. 

“These rising trade numbers, which 
scare the American people and bring 
frothing to the mouths of politicians, are 
in some ways a sign of the United States 


doing its job,” said M. Carey Leahy, 
chief U.S. economist at High Frequency 


chief U.S. economist at High Frequency 
Economics, an economic consulting 
firm. “Clearly no one will complain 
about an influx of cheap, high-quality 
Asian goods. The joke that no consumer 
ever died in a price war is certainly 
true." 

But, Mr. Leahy and other economists 
said, there is clearly a dark side to steep 
increases in trade deficits. Import com- 
petition and slowing exports will cost 
some workers in the United States their 
jobs, especially in manufacturing im 
d us tries, and could put pressure on em- 
ployers to bold down wages. Some 
economists think the profits of U.S. 
corporations will suffer, potentially un- 
nerving stock market investors, who 
have been betting on continued strong 
earnings growth. 


See TRADE, Page 13 


French Business Avoids World Cup Fever 


BloumPerg News 

PARIS — France may be missing an 
opportunity to profit fully fronvtbe 1998 
world Cop soccer tournament next 
summer, according to business leaders. 

The stadiums, transportation net- 
works and other infrastructure for June’s 
competition are nearly complete, but 
World Cup fever has been slower to grip 
the host nation's people and businesses. 

Only now, mare than two weeks after 
the 32 teams learned where they will 
play, are World Cup T-shirts and other 
paraphernalia becoming common in 
stores, far later than when the United 
States played host to the 1994 com- 
petition or Italy was the site of the 1990 
matches. 

Aside from the Z5 million spectators 
who will watch the 64 matches in sta- 
diums throughout the country, the tour- 
nament is expected to attract 35 billion 
television viewers worldwide during its 
six weeks, making it the most-watched 
sporting event ever. But business lead- 
ers and the tournament’s organizer re- 
port French enthusiasm for the event 
remains tepid. 

“Tbe country's mobilization around 


the World Cup is taking place later than 
we - expected when we started organ- 
izing this event,’ * said Jacques Lambert, 
managing director of the French Or- 
ganizing Committee. “We’re in a dif- 
ficult economic environment, and so the 
major financial players have been fo- 
cused more on the short tenn than look- 


r. Lambert, attributed part of the 
Id Cup malaise to the French char- 


World Cup malaise to the French char- 
acteristic of “self doubt' ’ over achieving 
the same level of acumen as U.S. sports 
marketing, which turned the 1994 event 
into a resounding financial success. 

“There’s not a profit motive in the 
FOG, unlike there was in tire U.S.,” he 
said. “Our status means our public part- 
ners have a problem in seeing our goal 
as making a profit” 

While the U.S. organizing committee 
earned $60 million and its chief or- 
ganizer, AJan Rothenberg, received a$3 
million bonus, Mr. Lambert is on a fixed 
salary, and the French body's official 
objective is to break even. Any profit 
will be divided between the government 
and the French soccer association. 

“This event has enormous potential 


for making money and we are not making 
tbe most of it,” said Cfaristophe Simonet, 
a fund 'manager ai Tocqueville Finance 
SA who will manage the Olyrnpe sports 
fund, which will in vest in companies that 
get at least 50 percent of sales from 
sports-related businesses. “It's sympto- 
matic of the French mentality.” 

Without a strong profit motive as the 
driving force to their participation, 
French companies have set less-than- 
ambitioos goals for themselves. 

“If the tournament is well organized, 
we will consider chat a success,” said 
Armelle de Colnet, a spokeswoman fox 
Mondiresa, the arm of the French hotel 
chain Accor SA that oversees the of- 
ficial reservation system for visitors. 
1 ‘ We’ ve run np 1 6 nnUion francs in costs 
for information technology, and we ex- 
pect we will be able to recoup this.” 

Other companies intend to wait 
longer before gearing up. 

“It’s still a bit early for the World Ciro 
decorations to go up in our airports,” 
said a spokeswoman for Aenjports de 
Rons SA, the company that manages 14 
French airports, including Charles de 
Gaulle and Orly in Paris, and their retail 




Crotpr* Cabrt/Apmt'? Frwr-pnw 

Footix, mascot of the French event 


outlets. “We will have decorations, but 
nearer to the time of the World Cup.” 

Because private business has been hes- 
itant, the stale has been forced to fill the 
void. Local and central governments and 
state- owned companies have invested 6.7 
billion francs ($1.13 billion) in construc- 
tion weak for stadiums and transportation 
links, about three-quarters of the total 
infrastructure investment for the event 


PAGE ] 


Korean Region Expect! 
Action by Favorite Son 

Cholla Hopes Kim Will Spur Development 


By Don Kirk 

Special id ihc Herald Tribune 


Tbe New Yori Times 


KWANGJU. South Korea — Ask 
almost anyone in this city in the rel- 
atively undeveloped Cholla region what 
they expect of the incoming president, 
and the response is the same. 

“We don't expect any special favors 
for Kwangju.” said the garrulous wom- 
an behind the desk of a small inn near 
the railroad station. ** We just want to be 
treated the same as everybody else. ’ ' 
Now. for the first time in popular 
memory, people here think they are 
finally going to get just that — eco- 
nomic treatment equal to that accorded 
for decades to the more affluent regions 
to the north and east. 


The reason is simple: the victory of 
i Cholla region's favorite son. Kim 


the Cholla region's favorite son, Kim 
Dae Jung, last Thursday in his fourth run 
for the presidency. 

“Our infrastructure, our factories, 
our industries, everything is so far be- 
hind,” said Chung Soon Joon. an of- 
ficial in the office of the governor of 
Kwangju, a city of 1.3 million that is 
legally separate from South Cholla 


Province. “We don't overly expect Kim 
Dae Jung will do many things for us, but 
probably deep in our hearts we expect 
more development. “ 

“Taegu and Pusan and North and 
South Kyongsang Provinces got all tbe 
industry and the infrastructure," said 
Yun Young Ju; another staff member at 
city halL “They think the Cholla 
provinces are only for agriculture. The 
road between Kwangju and Mokpo is 
not even a highway. We are far behind 
the rest the country.” 

While the per-capita gross national 
product of the average Korean is more 
than $10,000 a year, the per capita GNP 
of the Cholla region is perhaps two- 
thirds as high. 

“Our productivity rate is far behind 
because we don’t have the power, the 
railroads, the part facilities of the rest of 
the more developed areas,” Mr. Yun 
said. “President Park marked Pusan as a 


major port and other cities on the ea 
coast and around Seoul but overlook! 
Cholla.” he added, referring to Pa 
Chung Hee. the former leader. 

Although be spends most of his tin 
in Seoul these days. Mr. Kim’s poi 
ularity here is ensured by his oratoric 
style.’marked by a heavy Cholla acoe 
that sometimes grates upon the nerv« 
of Koreans from other regions, and t 
his support for the interests of labor ax 
the poor. 

“We have noT so much busine 
here," said Kim Tuk Han, a small me 
chant in a shopping district near city ha 
' ‘Kim Dae Jung may be able to influent 
other factories to build here.” 

Or at least, in the view of Kwang 
residents, he may prevent the indusiru 
that arc already here from going out i 
business. Holla Shipbuilding in Sou 
Cholla Province has already gone ini 
bankruptcy, announcing the layoff i 
6,000 workers, while .Asia Motor 
which employees 5.000 workers, is ah 
in receivership. 

“Five percent of the entire Kwang 
population cither works for Asia Moto 
or its subsidiary' companies or depent 
upon its employees. Mr. Yun sail 
“wc cannot afford for it to go out < 
business. Wc hope that Kim Dae Jur 
will sympathize with our predicament. 

■ Seoul Doubles Debt Guarantee 


The South Korean government h; 
pledged to guarantee up to S 20 billion i 
foreign currency debt owed by con 
mercial banks, doubling a SlO billic 
commitment made last weel 
Bloomberg News reported from Seou 
The government needs to convinc 
foreign banks to renew loans to the 
Korean counterpans to prevent default 
Three more companies — Seokwar 
Construction Co.. Dong Sung Co., ar 
Hyosung Motors & Machinery Co. - 
were declared insolvent by their ere* 
ttors Saturday, and the stock exchan! 
said a fourth company. Chun Kwar 
Industrial Co., would seek court pr* 
tection from its creditors. 


Top Party Official Urges Toky< 
To Fix Economic ‘Emergency 


Compiled by Our Staff Frum Dbpaarhes 

TOKYO — A senior official in the 
governing party said Sunday that Japan’s 
economy was in a state of emergency, 
and he urged the government to shelve 
its plans to cut spending and instead 
focus on efforts to buoy the economy. 

“We should not be talking now 
whether economic boosting measures 
are in line with fiscal structure reforms 
because we are in an emergency situ- 
ation,” said Koichi Kato, secretaiy- 
general of Prime Minister Ryntaro Ha- 
shhnoto’s Liberal Democratic Party. 

The government “should shift to a 
policy of taking economic measures 
now,” Mr. Kato said on television. 

He spoke as the lift in morale last week 
from a surprise (ax cut proposal by Mr. 
Hashimoto and other government mea- 
sures proved short-lived. In addition, the 
Finance Ministry proposed an austere 
budget Saturday, which was criticized by 
foe major economic daily Nihon Keizai 
Shimbun as a “questionable step” that 
could further chill business sentiment. 


The budget of 77.7 trillion y< 
($600.23 billionj, featuring the first d 
dine in general expenditures in 1 
years, was drawn up m line with a si 
year program to slash huge state debt 
General expenditures — nation, 
spending except for debt payments ar 
tax grants to local governments - 
would shrink 1.3 percent from the cu 
rent year, to 44.54 trillion yen. 

To achieve the reduction, the gan 
eminent would shave spending for pul 
lie works, defense, assistance to dc 
veloping countries and other areas. 

Mr. Karo stressed the need to stabiliz 
Japan’s ailing financial system, repeal 
ing Mr. Hashimoto’ s pledge last wee! 
that “Japan would not be a startin; 
point of a worldwide financial panic.” 

The secretary-general suggested tha 
up to 30 trillion yen of taxpayers' mooe; 
could be injected into the financial sec 
tor, if the public was made io understand 
the reasons for such action. Finano 
companies have been rocked by a serie 
of bankruptcies. (AFP, Bloomberg 


With a Few Clicks, Judge Fires Volley at Microsoft Defense 


By Stephen Labaion 

New York Times Service 


W ASHINGTON 
— It took less 

than 180 seconds 
and fewer than a 
half-dozen clicks of a mouse, 
and when it was over, the am- 
ateur computer experiment 
undertaken by a U.S. judge in 


his chambers had pretty much 
demolished a central defense 
of Microsoft Corp. in its high- 
stakes antitrust battle with the 

government. 

Earlier in the week, Mi- 
crosoft had insisted that re- 
moving its Internet Explorer 
browser from foe latest version 
of Windows, as foe judge had 
ordered, crippled foe operating 


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S ■ 




system. Urn came as a shock 
to thousands of computer 
users, ranging from experts to 
weekend warriors, who bad 
removed Explorer, usually so 
they could install a competing 
product, Netscape Communi- 
cations Coip.’s Navigator. 

Microsoft's assertion in- 
furiated the Justice Depart- 
ment, which promptly asked 
Judge Thomas Peaneld Jack- 
son of U.S. District Court in 
Washington to hold foe com- 
pany in contempt Last Friday 
Judge Jackson announced 
that he was scheduling a hear- 
ing on foe contempt issue for 
Jan. 13. 

And then he announced 
that he had done a little am- 
ateur research on his own. He 
started up a new computer 
loaded with the latest version 
of Windows 95 and Version 
3.02 of the hrowser. And then 
he removed the browser. 

Hut was just what he had 
ordered Microsoft to do last 
week so that computer makers 
who sell machines with Win- 
dows already installed would 
have the choice of offering 
their products without Ex- 
plorer, perhaps even with 
Navigator if they so chose. 

The . Justice Department 
has argued that divorcing the 
browser from the operating 
system is essential because 
foe company is trying to use 
its dominance is operating 
systems to monopolize foe 
market for Internet browsers. 
Browsers are the programs 
that enable computer users to 


navigate the already vast and 
still expanding World Wide 
Web, the part of the Internet 
that offers hyperliuked text, 
graphics and multimedia pro- 
ductions. 

Microsoft's defense has 
been premised on the asser- 
tion mat tiie inclusion of its 
browser with its operating 
system is not a marketing is- 
sue but a technical issue, that 
tbe two are so tightly bound 
that they cannot be separated. 

What complicates the mat- 
ter is that the two sides have 
very different views of what 
constitutes “removal” of the 
browser. 

Judge Jackson's experiment 
and the Justice Department's 
contempt request appear to be 
based on the assumption that 
compliance with foe judge's 
order simply means getting rid 
of foe Explorer icon on foe 
Windows 95 desktop so that 
Navigator or some other 
browser can be installed and 
can run without in terference. 

Microsoft insists that it was 
ordered to remove the entire 
program and all of its attendant 
files, known as dynamic link 
libraries, or DLL files. This is 
for more complicated because 
several programs often share 
one or more DLL files. 

To comply with foe court 
order, die company informed 
computer manufacturers last 
that they had three choices: a 
2-year-old version of Win- 
dows; a current version, 
which Microsoft said had 
been crippled by foe removal 


of Explorer, or the full ver- 
sion with Explorer, 

The Justice Department in- 
sisted this compliance was in- 
sincere at best 
Then Friday, at what was 
supposed to have been a 
routine scheduling hearing. 
Judge Jackson recounted his 
simple experiment to sur- 
prised lawyers from both sides 
and suggested that, contrary to 
Microsoft's arguments, it was 
both easy and inexpensive to. 
remove Explorer from Win- 
dows without harming the 
computer's operation. 

Judge Jackson explained 
matter -of-foedy that he had 
obtained a new personal com- 
puter with tbe latest Windows 
95 operating system and a re- 
cent version of Explorer — he 


used version 3.02 instead of 
the latest version, 4.01 — and 
had then removed the 
browser in about 90 seconds. 
He then reinstalled it in an- 
other 90 seconds, In both 


The Spirit Of 
Christmas 


cases, be used a utility pro- 
gram that is part of Windows 


gram that is part of Windows 
95 and permits users to re- 
move or add programs with- 
out any ill effects on foe op- 
erating system. 

“When It was uninstalled, 
to all appearances Windows 
95 worked fine, ’ ’ Judge Jack - 1 
son said. “If the process is 
that simple, I would like to 1 
have it confirmed by the gov- 1 
eminent- If it is not that 
simple, Td like to have it re- 
futed by Microsoft'' 

Internet address: 

. cyberscape@iht.com 


■ . t- 1 


WORLDWIDE MVGAS 
“MMM ^ 96” 



for those who can count 
their money! 


The Project “Campaigner” 

Our WWW-address in the Internet: 


http: // 195.5.141.10 or 
http: / / www.volna.ru 







page 12 


INTERNATIONAL HERALD TRIBUNE, MONDAY, DECEMBER 22, 1997 


CAPITAL MARKETS ON MONDAY 


Asia’s Crisis Likely to Keep Prices Volatile and Investors Seeking Safety 


By Carl Gewirtz 

Imeriumonal Herald Tribune 


of declines in corporate earnings. To date, U.S. 
and West European markets have moved more or 
less in tandem in reaction to Asia, bat analysts 
wain that coaid change dramatically depending 
on if and how die crisis spreads. Infection of 


PARIS — The inability to quell Asia's fi- 
nancial woes and the fear that these problems 
must inevitably spread and infect business Russia and Eastern Europe would damage West- 
around the world are roiling global markets and “ 
driving money to the safe havens of government 
bond markets in the United States as well as 


There is also confusion about the inconsist- 
ency of policy actions and the appropriateness of 
policy prescriptions to address the problems. 

Japan, for example. Last week anveiled a U- 
tum in official policy, proposing to inject -2 
trillion yen (about $15 billion) to stimulate .the 


At the end of the week, the dollar closed at 
12928 yen but the Nikkei stock index was down 
a whopping 5.24 percent, hit by a new bankruptcy 
ds well as fears that currency restraint would 
impair export prospects for domestic industry. 
The Nikkei 225 index ended the week at 


essence of the 

rouldbetokwuostiinulate the nal economy, 
“^don^understand the logic of the IMF 


em Europe, whereas contagion in Latin America economy. However, at the same time, the Bank of 153 14.89 and was itsetf a new source of worry as fS^^ tt Jlfrh nl monev I and*vd!y such harsh 
would Primarily hurt the United States. a fall below 15,000, it is beheved, would when that's not the 

Analysts agree that against a back- " wipe out the capital gams on baitics hold- ^ the financial system, 

* " ’ " 5 — This is not the time to take a long-term mgs of equities, farther unpair the atjlrty SSoiSauthoritics IO deal With — 

view’ a fand manager said. wJL are 

going to remain too volatile.’ JMffiSjttB? ““ * ™ - 


Germany and the other European countries ex- 
pected to join in a monetary union next year. 

In Continental Europe, bond yields, which 
move down as prices go up, ended last week at 
modem lows with the benchmark German yield 
oh 10-year paper at 5.25 percent 

In the United States, yields were at a four-year 
low and within a quarter point of testing modem 
lows. 

These declines in long-term interest rates, now 

down about a third of a percentage pointsince the 
start of the fourth quarter, have sustained equity 
markets, although share prices are the most ex- 
posed to the continuing turmoil in Asia as a result 


mad of such uncertainty, it is inevitable 
all asset markets will be gripped by 
instability that will be reflected in in- 
creased volatility of prices. 

'This is not the time to take a long-term 
view, markets are going to remain coo 
volatile.” said the manager of one large in- 
vestment fund. 

Analysts attribute the widening loss of con- 
fidence to the fragility inherent in a problem that 
just does not seem to go away despite record 
suras of official lending arranged by the In- 
ternational Monetary Fund for South Korea as 
well as for Thailand and Indonesia. 


Japan repeatedly intervened in the foreign ex- real economy emergency has been consistent 

■ 4 ■ ' ’ « - ■ <■ . ■ p j • i 1 -2 . 


change market to prevent a father weakening of 
the yen. 1 

“It’s bizarre,” remarked Brendan Brown, 
London-based analyst at Tokyo-Mitsubishi In- 
ternational. “Fiscal reflation has to include cur- 
rency weakness. To buy yen to prevent that 
weakness is most counterproductive.” 


real economy cmragcucy uas uwu wu-*™- ^ njrp jc no t a demo- 

with the pattern of denial evident m Asia over the structure they want 1 , . over _ 

past six months.” said John Makin at the Amer- craticaUy accountairi^ ceiling involved in 
lean Enterprise Institute in Washington. stepping its competence by g g 

"Fust in Thailand, then in Indonesia, then in these issues, . •mnro- 

KoraTMaStowere advertised as “I doubt the 
overkill” Mr. Makin said, quickly proved to be pnattj, Mr. Wyptogsa id, and! m 
i nadequate “because they failed to a ddre ss toe pnsedihe problems won t go away. 


Most Active International Bands 


The 250 most active international bonds traded 
tfwou^i the Euroctear system for the week end- 
ing Dec. 19. Prices suppfied by Tetekura. 


Rnk None cpn Maturity Price YMd Rnk None Cpn Maturity Price YWd 


Rnk Name 


Cpn Maturity Price Yield 


Australian Dollar 


207 Queensland Tsy 6Vi 06/14/05 100.4820 64600 


Austrian Schilling 


159 Austria 
214 Austria 


5* 04711/07 102.1000 5j6300 
54* 07/15/07 101-3000 58500 


Belgian Franc 


155 Belgium TbMs zero 03*15/98 985543 6^4500 
238 Belgium 7V, 12/22/00 1065500 7.1500 


British Pound 


138 World Bank 6 03/01/00 99J500 68200 

169 Canary Wharf A 753001002/27 1025750 78200 
192 Aire Valley Pm 7544311/04/39 995300 75700 
211 EIB 7% 12/07/07 1064141 7.1300 

237 Aire Valley Rn 7.474311/04/39 99.7500 7.4900 
242 World Bank 4K 09/10/02 995654 45700 


Canadian Dollar 


107 Canada 

7% 

12/01/03 1095700 

68400 

141 Canada 

6 

0305(98 1005)00 53700 

175 Canada 

714 

06/01/07 110.8500 

68400 

246 Canada 

714 

06/01/03 1 07.9770 

6.7100 

Danish Krone 

10 Denmark 

7 

11/10124 1092400 

641 og 

IfiOenmatfc 

7 

11/15/07 108.9700 

6X200 

27 Den marie 

8 

03/15/06 114JB00 

6.9700 

29 Denmark 

6 

12/10(99 102.4000 

58600 

40 Denmark 

6 

11/15/02 103.1500 

58200 

44 Denmark 

9 

11/15/00 110V 

8.1300 

52 Denmark 

7 

12/15AM 1082000 

6X700 

62 Denmark 

8 

17/15/01 1100800 

72700 

64 Denmark 

9 

11/15/98 104.1500 

88400 

75 Denmark 

a 

05/15/03 1122000 

7.1200 

84 Nykredtt 

7 

10/01/29 990000 

78700 

98 Nykrmflt 

6 

KV01/26 952500 

68000 

149 Denmark 

6 

02/15/99 1013600 

5.9000 

153UnIkradir 

7 

TQW1/29 984000 

7.1100 

173 Denmark 

4 

02/15/00 9601 00 

48500 

176RealkredH 

7 

10/01/29 982000 

7.1300 

187 Denmark 

7 

02/15/981004800 

62700 

231 Real Kredtt 

6 

10/01/26 952000 

62000 

249 Real Kradit 

7 

10/01/29 988500 

78800 

Deutsche Mark 


67 Germany SP 

68 Germany 

69 Germany 
71 Germany 

73 Germany 

74 Trwhond 

78 Treuhand 

79 Germany 

81 Germany 

82 Treuhand 

88 Germany 

89 Germany 

90 Gennany 

91 Treuhand 

93 Exlm Bk Japan 

96 Treuhand 

97 Treuhand 

100 Germany 

101 Treuhand 
JtQSaxonynnha/l 

104 Germany 

105 Treuhand 

106 Germany 

108 Treuhand 

109 Germany 
llOGennany 

711 Germany TWUs 
113 Germany 
115 Germany 
117Germany 
121 Germany 
126 Germany 

129 Treuhand 

130 Germany 

131 Germany 
134 Treuhand 
142 Germany 
148 Germany 
157 Germany 
174 Germany 
179 Germany 

196 Germany 

197 Germany 

205 Germany FRN 
209 Germany 
223 Germany 
226 Belgium Oto 
239 Germany SP 
241 Gennany 


zero 07/04/27 17 

5 V 08/22/00 103.0025 
5% 05/1 :W0 103.0900 
m 12/20/02 1095700 
5% 11/21/00 1014600 
SV 05/1 ITU 1085000 
616 04/0/03 1067322 
5 05/914)1 1009900 

6% 0T/02/99 102^600 
5 12/17/98 100.9400 
7Vi 11/11/04 112.9957 
714 01/20/00 1055600 
6U 07/15/04 108.7850 
6V> 07/29/99 103.1200 
SW 12/10/07 1015000 
6M 03/24/98 100^541 

5 01/14/99 100.9550 
7 01/13/00 105.1200 
7 11/25/99 1048975 

4Vt 12/11/17 99J59B 
6 Vb 05/20/99 1025400 

6 11/12/03 1045575 
8W 08/21/00 109.7200 
69k 06/25/98 101.1400 

7 12/22/97 100.0600 
AM 04/22/03 107.9380 
zero M7Z98 98L8220 
8V 0&22/00 1095600 
6% 12/02/98 1025400. 
316 12/18/98 995100 
6% 12/21/98 1025000 
8% 05/21/01 1115075 
5 U 09/24/98 101-2600 
5% 02/2299 1014500 
m 02/24/99 103.1200 
614 03/04/04 105.9450 

6 029098 1003800 
■ 6% 05/20/98 1014)600 

714 02/21/00 1065200 
5M 02/3598 100J700 
614 02/20/98 1004225 
514 0^28/99 102.1200 
814 07/20/00 110.0333 
34148009/30/04 99.1500 
616 01/20/98 1002767 

7 09/20/99 1045000 
514 D3/2SAX 101.9277 
zero 01/04/07 615500 
514 0800/98 1015200 


6.1700 

55800 

5.7000 
65100 
55500 
65200 
6.0900 
4.9500 
63400 
4.9500 
6.6400 
65600 
62000 
6.0600. 
55800 
6.0800 

4.9500 
65600 
65700 
48900 
5.9700 
57400 
7.7500 
6.0600 
75000 
62500 
£4600 
77900 
67000 
35200 
62300 
75200 
55600 
55000 
65700 
5.9000 
5.9800 
65100 
72600 
52400 
62200 
55300 

7.9500 
35700 
65100 

6.7000 
55400 
54200 
55800 


Japanese Yen 


194 ExImBk Japan 2% 07/28(05 1085000 25600 

213 Mexico 5 0V17/98 101.1625 4.9400 

230 BdmBk Japan At KV01A3 116* 37700 

232 NTT 2Vi 07/25/071035000 24300 

245CCCI 3 03711/09 1045924 25800 


Spanish Peseta 


Swedish Krona 


87 Sweden 1036 
94 Sweden 1037 
158 Sweden 
222 Sweden 
227 Sweden 


U.S. Dollar 


Dutch Guilder 


6 

6 

814 

4 

6fe 

ew 

8 

614 
4 Mr 
TUt 
8 

m 

6U 

4W 

6 


1 Germany 

2 Germany 

3 Germany 

6 Germany 

7 Germany 

8 Germany 

9 Germany 

11 Germany 

12 Gennany 

13 Germany 

14 Gennany 

15 Treuhand 
17 Germany 94 
IB Germany 
l9Gwmany 

21 BundaobBgoffan 4Ms 

22 Germany 614 

23 Federal Tsy 314 

24 Germany 

25 Treuhand 

26 Treuhand 
28 Germany 
30 Germany 

34 Treuhand 

35 Treuhand 

36 Germany 

37 Treuhand 
39 Gennany 

41 Germany 

42 Germany 

47 Germany 

48 Germany 
51 Gennany 
53 Gennany 
55 Gennany 
57 Germany 
59 Treuhand 
SO Gennany 
61 Germany 
63 Germany 
65 Germany 


Vh 

7% 

7W 

9 

616 

TV 

61% 

Ste 

61% 

6 

87i 

5 . 
3 Vs 
414 

6 

514 

6V* 

6 

616 

714 

316 

9 

616 


07/04(07 

01/04(07 

08/2901 

09/17/99 

07/04/27 

m/m n 
01 / 21/02 
04/26/06 
08/19/02 
01/03/05 
07/22/02 
12 / 02(02 
01/04/24 
05/17/02 
01/05/06 
02 / 22/02 
09/15/99 
03/19/99 
05/1 2fl>5 
01/29/03 
09/09/04 
10 / 20/00 
10/14/05 
10 / 01/02 
07/09/03 
022001 
06/11/03 
02/16(06 
12/2000 
08/20/01 
06/18/99 
11 / 20/01 
09/15/03 
02 / 21/01 
07/15/03 
06W16 
07/01/99 
10 / 21/02 
09/18/98 
01/2201 
03/15/00 


1045200 

1045300 

11316 

995100 

1075500 

1115895 

11116 

1067000 

985200 

112-3500 

1125200 

1100905 

1047033 

965911 

1045900 

947585 

1041000 

995405 

7095800 

1095233 

11X7933 

1115533 

1075233 

1115600 

1075900 

Til 

1085533 

1045100 

1115500 

100.7800 

995100 

995567 

1045080 

1015195 

1065900 

103.1500 

103.1400 

109.7125 

995700 

1122400 

1045200 


5-7400 

55400 

75300 

40200 

65300 

75900 

7.1700 
55900 
45800 
65600 
7.1200 
6.7000 
5.9700 
46700 
55400 
45600 
65800 
35700 
42700 
45100 
65500 
85800 
40400 
49500 
41700 
75600 
43300 
55400 
7.9500 
49600 
35300 
45600 
55200 

5.1700 
65800 
55200 
41800 
65100 
35100 
85200 
62300 


43 Netherlands 
46 Netherlands 
76 Netherlands 
85 Netherlands 
114 Netherlands 
116 Netherlands SP 
122 Netherlands 
124 Netherlands 

127 Netherlands 

128 Netherlands 
132 Netherlands 
137 Netherlands 
143 Netherlands 
151 Netherlands 
156 Netherlands 

166 Netherlands 

167 Netherlands 
172 Netherlands 
184 Netherlands 
189 Netherlands 
206 Netherlands 
234 Netherlands 
236 Netherlands 


6U 

514 

9 

8fc 

7Vt 


07/1998 
02/15/07 
01/15/01 
091901 
04/15/10 
zero 01/1923 
7V5 01/1923 
04/15/03 
091999 
01/1906 
02/15/02 
07/1998 
01/15/04 
Q2/I903 
11/15(05 
1Q/01AM 
09/15/01 
01/15/00 
03/01/05 
03/1999 
06/1902 
02/1999 
064)1/06 


6» 

716 

6 

8(6 

616 

514 

7 

614 

714 

814 

714 

7* 

7 

814 

614 

816 


1012600 

1035000 

112.1000 

111.1000 

1185000 

222500 

122.1000 

1048500 

1045000 

1049500 

1125500. 

1015500 

1035500 

1082500 

109.7000 
1115000 

11314 

1044000 

11520 

1035000 

liaiooo 

1025000 

121.7000 


41700 

5-5700 

85300 

75500 

43400 

41700 

41400 

40800 

7.1800 

47200 

75400 

65100 

45600 

44200 

41500 

44800 

7.7300 

72800 

47300 

6.7800 

72900 

45700 

49800 


ECU 


171 France OAT 
195 France OAT 
198 France OAT 
235 France BTAN 


5fc 04/2907 995000 45300 
6# 04/35/01 1065000 62500 
6 04/2904 103.9500 5.7700 
6 03/16/01 1034100 48000 


Finnish Markka 


185 Flnkmd Seriol s 716 04/1906 1112150 45200 


French Franc 


80 France OAT 
165Cyberval FRN 
190 France OAT 
199 France OAT SP 
203 France OAT 
212 France OAT 
219 FronceOAT ■ 


714 04/2906 
1447707/0902 
716 04Q5/05 
zero 04/25/23 
6 10/2925 
714 10/25/05 
5*6 10/25/07 


1116900 

975874 

11416 

21-5500 

101.7800 

1165300 

1015400 


43800 

15500 

45600 

42300 

49000 

46600 

44300 


Italian Lira 


180 Mediobanca Inti 316 01X0/01 1042500 32300 
202 Italy 716 1901/991040100 72100 


The Week Ahead 5 World Economic Calendar, Dec. 22-26 

AscrwAjfeo/tftis man* b economic art Snanaol mnnta. oampdud tor fin tnt&muOanatHwutd'MMnm by BkxxntioiQ Business Nu*u. 


Expected 
This Week 


Asia-Pacific 

Singapore: Association of South 
East Nations ministerial meeting on 
haze. Monday and Tuesday 
Tokyo: Production estimates for the 
year beginning April due from Mit- 
subishi Motors and Honda. 


Europe 

Madrid: Budget deficit for Novem- 
ber; trade balance data for October. 
London: Harmonized index of con- 
sumer prices for November. 


Americas 

Buenos Aires: HSBC Banco 
'Roberts shareholders expected to 
approve company's acquisition by 
HSBC Holdings at special meeting. 
Mexico City: Foreign reserves data 
and inflation data for first half of 
December. 


Monday Taipei: Export orders data and in- 
Dec. 22 dustrial production index for Novem- 
ber. 

Wellington: Tourism and overseas 
trade data for November. 


Copenhagen: Consumer price in- 
dex for November. 

Oslo: Preliminary retail sales data 
for November. 


Buenos Aires: The Latin American 
Economic Research Foundation to 
release revised estimate of Argen- 
tine industrial production for Novem- 
ber. 

Ottawa: International securities 
transactions data for October. 


Tuesday Wellington: Gross domestic prod- 
Dec_ 23 uct data and balance of payments 
for third quarter. 

Earnings expected: China Ever- 
bright, Dai-ichi Industries, H8 Inter- 
national Holdings. 


Helsinki: National accounts data for 
third quarter. 

Stockholm: Producer price index 
for November. 

Vienna: Consumer price data for 
November. 


Ann Arbor, Michigan: University of 
Michigan to release its index of con- 
sumer sentiment for December. 
Washington: Initial estimate of eco- 
nomic growth for third quarter; 
durable goods orders data for 
November. 


Wednesday Sydney: Vehicle registration data Nothing scheduled. 
ec.24 for November. 

Taipei; M2 money supply and for- 
eign exchange reserves for Novem- 
ber. 

Tokyo: Vehicle production and su- 
permarkets sales data for November. 


Ottawa: Gross domestic product for 
October. 

Washington: Personal income and 
spending data for November. 

New York: Stock market trading 
halts at 1 P.M. 


Thursday 
Dec. 25 

Tokyo: Preliminary industrial pro- 
duction data for November; vehide 
exports data for November, and 
housing starts, construction orders 
and public works contracts data for 
November. 

Nothing scheduled. 

Nothing scheduled. 

Friday 
Dec. 26 

Tokyo: Employment data for Novem- 
ber and consumer price data for foe 
Tokyo area for December. 

Annual meetings: Thakral, Pacific 
Can Investment. 

Nothing scheduled. 

Caracas: Money supply and inter- 
national reserves data. 

New York Stock market trading 
halts at 1 P.M, 

Washington: Federal Reserve 
Board to issue report on U.S. banks’ 
commercial and industrial, loans. 


Yields Tumbling for U.S. Treasuries 

Record Lows Within Reach in Upcoming 6 Quiet Weekf Analysts Say 


186 Spain Bonos 514 01/31/03 992210 52900 


ION 05/05/00 1104737 92800 

8 08/15/07 114-5081 49900 
6 02/09/05 1002770 5.9800 

9 04/20/09 1232880 72000 
II 01/21(99 1041540 102600 


4 Brain Cap 4L 416 04fl5/14 872000 5.1500 

5 Vneshaimbkfm 47188 12/02/15 692000 9.7400 

20 Brazil 1016 05/15/37 92-1033 10.9800 

31 Argentina par L 516 0331/23 702500 72300 

32 Argentina FRN 6V* 0329/05 84.7968 72900 

33 Bram FRN 6% 01/01(01 94-9375 7.1800 
38 Brazil L FRN 6V» 04/15/06 80.5563 82000 
45 Argentina 914 09/19/27 932647104000 

49 Mexico 1116 05/15/36 1132358 102900 

50 Russia 10 06/24V7 1004111 9.9600 

54 Argentina 11% 01/3W17 102458311.1000 
56 Depfa Bk FRN 4715701/22/99 99.9580 47200 
58 Venezuela 914 09/15/27 84224010.9800 
66 Brazil par Zl 514 04/15/2 A 662750 72500 
70 Bulgaria FRN 6W* 07/7S/11 722000 92200 
72 Brazil SJ_ FRN 614 04/1 VI 2 744400 92700 
77 Venezuela FRN 614 12/18/07 874400 7.7200 
83 Italy 6% 09/27/23 1022037 64800 

86 Mexico 614 12/31/19 805000 7.7600 

92 Venezuela par A 614 03/31/20 83-0000 8.1300 
95 Mexico FRN 614 12/31/19 802000 77600 
991C1 6 0305/99 992900 62100 

103 Mexico 9H 01/1407 1017942 97000 

112 Poland FRN 6V» 10/27/24 962500 49500 

118 Brazil S7I FRN fiV* 04/15/24 747500 87100 

119 Brazil Si. FRN 614 04/15/12 742441 82500 

120 IBJ 4656301/05/98 98-5151 67600 

123 Brazil Si. FRN 614 04/15/09 752500 8.7700 
125 Bflb Rn Ireland ‘614 03/19/01 100.1250 62400 
133 Bulgaria FRN t 07/2324 732710 9.1200 

135 Mexico 11% 09/1^16 11014102700 

136 Bulgaria 214 07/28/12 60.1250 37400 

139 Quebec 5V6 08/27/98 982195 52100 

140FEK 6V6 02/0402 992831 45200 

144 Russia . 914 11/27/01 93.1451 92300 

145ADB 614 107302 1002750 62300 

146 Ecuador FRN 314 02/28/15 632239 5.1200 

.147 Denmark 5700004/2300 99-4300 5.9300 
150 SEK 6W 10/02/00 100.0000 41300 

152GaldmnSa FRN 6287512/IOQ2 992800 62300 
154 Ontario 5% 08/27/98 982344 52100 

160 Korea DevBank 714 05/15/06 072605 82500 

161 Sweden 6% 12/03/02 1002750 41000 

162 Braifl CbondSJ- AVi 04/15/14 872149 5.1400 

163 Argentina FRN 5V* 04/01/01 10Z9496 55200 

164 Argentina FRN 6% 03/31/23 822500 82600 

168 Argentina FRN 5587509/01/02 113 52390 

170 Argentina 11 KV09/W 1033750 10-6400 

177 Argentina 814 Q5/09M2 952000 9.1900 

178 Peru Pdl 4 03AJ7/17 627500 62700 

181 Ecuador FRN 6Vu 02/23/25 74.1900 9/0100 

182 Mexico D FRN 6% 12/23/19 912113 72500 

183Brazfi 6 09/15/12 81.0000 7-4100 

188 Venezuela FRN 6% 03/13437 892125 7-5200 
191 Poland par 3 10/27/24 602500 4.9800 

193 Credit Local 6% W MM 101.1947 44200 

200 Canada 6% 0MCM30 1012494 44000 

201 Energle Beheer 614 11/04/02 1002000 62200 
204 Argentina 8% 12/20/U3 92-4147 92600 
208 Mexico A FRN 469251201/19 912000 73100 
210 NAB FRN 6275001/21/08 1002000 62700 

215 World Bank 7% 01/19/23 11» 45900 

216 Mexico B FRN 6617212/31/19 92JH69 7.1900 

21 7 Canada 6% 07/15/02 1005000 40900 

218 BrazB L FRN 6W» 04/1506 82.9785 82600 

220 Panama FRN 4 07/17/16 80-5000 47700 

221 SEK 5% oa/2498 983604 52WHJ 

224 BrazB S.L FRN 614 04/15(09 834194 40900 

225 Argentina FRN 6V» 03/29/05 832913 82000 

228 Mexico FRN 6976606/27/02 98.0000 7.120) 
229 Brazil 8% 11/05/01 952681 92800 

233 Poland Inter 4 10/27/14 842250 47300 

240 Panama 8% 09/3V27 .942835 92800 

243 Ontario 6Vt 06/2300 1002242 62700 

244 Ecuador par 3W 02/28/25 522750 46800 

247BayeriSCheLB 6% 06/25/07 10X1250 44200 
248 Brazil L 41* 04/T5/09 71.0833 43300 

250 Credit Local 6V> 07/1 M>1 1002750 44400 


CavpSal CVr SxjTfTna D upm h ej 

NEW YORK — Despite a shortened 
coming week with expected thin trading, 
the U.S. lYeasary market could make 
new low yields with few players around 
to fight the rally, market players said. 

The benchmark 30-year bond rose 
5/32 on Friday, or $1.56 per $1,000 
bond, to 102 30/32, pushing its yield 
down 1 basis point to 5.9 2 percent, 
matching the four-year low reached the 
previous Friday. 

William Gross, who oversees $110 
billion of bonds at Pacific Investment 
Management Co. in Newport Beach, 
California, said he saw 30-year yields 
falling to 53 percent in 1998. That 
would be the lowest since the govern- 
ment began regular bond sales in 1977; 
the record low now is 5.78 percent, set 
Ocl 15, 1993. 

Christopher Rupkey, economist at 
Bank of Tokyo-Mitsubishi Bank in New 
York, said a new low yield could be hit 
this week. 

“The target is 5.77 percent which 
could happen in a quiet week,” Mr. 
Rupkey said, noting that the target level 
is the bond’s record low yield made in 
October 1993. 

“And there’s nothing to keep us from 
rallying further,” Mr. Rupkey said. 

On Tuesday, the market gets the final 
revision of U.S. gross domestic product 


and new orders for durable goods, while 
on Wednesday personal income and 
spending isrefeased. 

The Treasury’s auction of $ 15 billion 
in two-year issues will take place Mon- 
day and $1 1 billion in five-year notes on 
Tuesday, which will go “without help 
from retail,'' pointed out Patrick Di- 
mi ck, a Treasury market analyst for UB S 
Securities in New York. 

Tuesday’s release of third-quarter 
GDP will be a “nonevent,” as U is a 

U.S. CREDIT MARKETS 

revision, Mr. Dimick pointed out. Tire 
only numb er that qualifies as giving 
“one sprinkle” of new information is 
November durable goods, he said. 

“The consumption data should be im- 
portant.” Mr. Rupkey 'said, “but never 
is. It’s the most comprehensive consumer . 
we have and no one cares about iL” 

Although Mr. Dimick emphasized he 
did not believe the Fed could ease in- 
terest rates with the current unemploy- 
ment rate so low, he said die market does 
not seem “all that far away from le- 
gitimate discussions of Fed easing.” 

David Ging, a fixed-income strategist 
at Donaldson, Lufkin A Jenrette, also 
described Friday’s close as positive, with 
the 30-year long-bond through 5.92 per- 
cent and the 1 0-year at 5.73 percent, both 


old key resistance points in those issues. 

Thirty-year bond yields have fallen 
about a half-percentage point since mid- 
October, when tumult in global financial 
markets sent investors fleeing to U.S. 
debt. 

Now, “the flight to quality is con- 
tinuing,” said Neil DeSamo. co-head of 
government bond trading at CIBC Op- 
penheimer. “The U.S. bond market just 
doesn't want to go down. 

At the Chicago Board of Trade, 
brokers and traders reoorted brisk busi- 


ness in die Treasury 'futures pit. “The 
tone is very, very good,” sai“ Michael 
Boss, a broker at Aubrey G. Lanston & 
Co. “International developments arc 
taking precedence, and we’ve seen good 
buying of Treasuries." 

Rod Davidson, who helps oversee $1 
billion at Murray Johnstone Asset Man- 
agement in Glasgow, Scotland, sees the 
Fed leaving interest rates unchanged in 
coming months as economic evidence 
rolls in detailing Asia’s effect on the U.S. 
Next week, the government will report 
on November’s durable goods orders 
and personal income and spending. 

Slower growth could hurt holders of 
mortgage securities, who fear that fall- 
ing interest rates will prompt more 
homeowners to refinance loans, pushing 
mortgage-backed securities into re- 
demption. (Market News, Btaomhergi 


International Bonds Set to Climb to a Record 


By Carl Gewirtz 

Iruemaiinnal Herald Tribune 


PARIS — Despite a disastrous fourth 
quarter, when new issue volume fell to 
lows not seen since 1995, the inter- 
national bond market is on target to eke 
out an annual gain of some 8 percent 
over last year and another record high, 
preliminary data supplied by Salomon 
Smith Barney show. 

Not only were the riskier credits, and 


the financial turmoil in Asia and its 
feared contagion, but investas were un- 
nerved by the uncertainty over whether 
economic expansion in the United States 
and Western Europe were a harbinger of 
higher interest rates or whether the de- 
flationary impulse coming out of Asia 
would keep rates Jow. 

That uncertainty now appears clari- 
fied, said Robert DiGemente. a Sa- 
lomon analyst “With global growth 
now clearly slowing, the outlook for 
bond markets is bullish and activity 
should pick up next year." He expects 
long-term U.S. rates, now 5.91 percent, 
to slide to a modem low of 5.5 percent 


Michael Derks.nn analyst at Deutsche 
Morgan Grenfell takes a more cautious 
view. On one hand, he is disconcerted by 
the “overwhelming consensus” that 
dismisses inflation as a threat despite 
accelerating U.S. wage growth and full ■ 
employment and on the other hand, he is 
concerned about the deflationary head- 
winds from Asia. 

“A neutral position is prudent for 
now,’ ’ Mr. Decks said. 

But John Lipsky at Chase Manhattan 
Bank sees sharply reduced growth pros- 
. peels for the United States because of the 
Asian crisis and expects the Federal Re- 
serve Board to modestly cut rates in the 
latter part of next year — a move he 
believes will keep U.S. long-term rates 
within a range of 5 to 6 percent “on a 
sustained basis.” 

At the same time, he expects a trend 
toward deterioration in perceived credit 
quality that will “likely make the in- 
vestment environment more difficult 
than it has been for many years because 
of prospective uncertainty about relative 
values m financial markets.” 

The most important test of investor 
attitudes on credit risk will be the forth- 
coming effort by the government of 


South Korea to tap the international mar- 
ket in its own for the first time. Pre- 
viously, the government has used such 
state-owned enterprises as Korea Devel- 
opment Bank to borrow internationally. 

After that bank failed a week ago w 
raise $2- billion at terms it deemed rea- 
sonable. the government appointed 
Goldman Sachs and Salomon to manage 
the maiden offering, which is expected 
to amount to $10 billion. The managers 
would not comment on the timing or 
whether it will be one issue or several 
broken into different maturities. 

However, to tap the market, bankers 
said Korea will have to supply infor- 
mation that it so far has not revealed, 
including the total foreign liabilities of 
the public sector and the amount of 
liquidity and foreign reserves of the cen- 
tral bank. 

Bankers insist that international in- 
vestors, faced with record low interest 
rates. in home government bond markets, 
will more than ever be obliged to max- 
imize income by accepting longer-term 
paper* riskier paper such as structured 
bonds and paper from emerging mar- 
kets. But the question of what price this 
will require remains to be determined. 


New International Bond Issues 


Compiled by Laurence Desvilettes 


iSBMf 


Amount Coup. Pries 

ominous} Mat. % Price end 


Term* 


Rooting Rate Notes 

Sardegna Nbr 1 


$360 


2002 0.19 100.00 — 


Owriwnwtti Ubcr. NoocnJh*ta.F»e» 0201b. Dmominanora Si 00,000. (ABN-Amro Hook? 

GOYBuJ 


Arailnglon Finance Nbr 4 


£900 


2023 CU0 9840 — 


DWf unis 20W, rtwrooftw 1.00 over. Cal lotto from i0«w fw 

(L5(n4 DwoTtfnoHons {10200. (Nomura Inru ' ** 


Dexia France 


FF1.000 2008 1* 101285 — 


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(ralHUfJ 


World Bank 


FF1.000 2009 025 10149 - Be^TCC-lOlml«.Reo»fcrea 019924. NoncnBgble. Few 2 ft. Pcvoate 5 j nn . iw^ 


Fixed- Coupons 


Araifngfwi Finance Nbr 4 


£1,240 2022 WW 1770 — 


SSSSu *" ** lia. 


WoridBonk 
Santander Inti Finance 


£300 2003 M 100724 99.35 

FF640 2005 5.13 100.00 ~ 


Rw Herod al 99M9. NoncsHoMe. f« 1 V*. PaygOU, jpg (0,,^ BcrtQ 




Deutsche Finance 

<NG Bank 


ITL95000Q .2038 zero 722 775 

D FI ,000 2 




5% 100779 99-90 


ReoHswl 0199354 . Noocallable. Fees 2%. Payobte In jbv. tING Boitagi) 


Last Week's Markets Euromarts 


Stock Indexes 

sen* 


Money Rates 


Eurobond Yields 


^ Indus. 

DJUft. 

DJ Trans. 
Sip 100 
5SP50J 

S&PInd 

NYSECp 

NaadcqEp 

■Iowan 

Nikkei 225 

Britain 

ftsTioo 

Canada 

TSE Indus. 

France 

£ac40 

Garage 

□AX 

Hone Kona 
Hang Sang 
Wurtd 
MSCIP 


Dec 19 

Dec 12 %Qrte 

UnttedStatas 

Dec 19 

Dec 12 

7,75439 

783830 

-185 

uocsunlRite 

580 

580 

24435 

,26127 

+133 

Prime rate 

a v, 

8Vk 

XI 43.96 

X239.16 

-294 

Fericml funds rate 

5fta 

5% 

45051 

45448 

— 1 87 

Japan . 

Usaratrt ‘ 

i.R3 

95230 

1,10033 

-464 

= 25 

<L» 

oja 

49739 

49938 

CaBiDune* 

037 

037 

182474 

183645 

—038 

3-month Wertxmk 

180 

092 

1X31489 15,9000 

—331 

Britain • 

Bank basa rate 

Tk 

m 




Co# iwr« 

714 

m 

■502020 

504520 

-050 

Ssnonfh Wertxmk 

7% 

7% 


O«c.l»0a.KTTUSiTrlM 


453430 4631.00 —144 
2422.90 2J3026 -036 


4084.75 408240 
1O40SJ1 1061446 
93247 92241 


+OC5 


-177 


France 

TnSSwhflofi lute 
Cad money 
3rOT0n0) interbank 
Germany 
Lombard 
Con money 
3+nonlti Merixmfc 


330 

3%- 

3T» 

450 

338 

374 


U3.8 long lam 
U-S.&mdmtemi 
U44 abort terra 
Pound* starting 
F renditions 
tfaflanUro 
P«*h kroner 
Sweden kronor 
ECI/& Ion term 
ECUs man iwm 
Carts 
Ara.4 ■ ■ 
Nil 
Yen 


6.17 6.18 
6.11 6.13 
607 60 6 
700 706 
503 503 
556 £55 

544 538 
£51 532 

545 571 

533 SJ6 
5. 73 «84 
439 629 
783 748 
138 138 


709 6.17 
644 6J39 
6SI 575 
7 35 470 
534 446 
739 545 

IS sx 

580 4X2 

IS SM 

SS9 476 
651 536 
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INTERNATIONAL HERALD TRIBUNE, MONDAY, DECEMBER 22, 1997 


PACE 13 


f# / i v Newfound Job Insecurity Changes Rules for Foreign Executives in Asia 




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By Erik Ipsen 

IniemitiMul Herald Tribune 


NEW > ORK — Until recently, senior ex- 
ecutives in Asian financial companies treated 
Kuan-Sing Young standofflshiy. The executive 
recrutter found that it commonly took six weeks 
of intense cajoling over the phone just to wangle 
a face-to-face meeting with a potential target 

Now, Mr. Young says, those same executives 
not only take his first call, but also ask him if 
tonight is soon enough. 

“They are not sitting on their high horses and 
playing hard to gel anymore,” said Mr. Young 
who heads the East Asia region for the recruit- 
ment company Kom Ferry International in 
Singapore. He and others say thai the collapse 
last month of Yamaichi Securities Co.. Japan’s 
fourth largest brokerage, has convinced eventhe 
most senior executives at the largest of compa- 
nies that job security in Asia has suddenly be- 
come an oxymoron. 

Fear is only one of a handful of factors that is 
making executives, particularly expatriates 


working far from home and headquarters, rethink 
their options. 

Mounting anxiety among executives comes at 
the same time that most of their employers have 
begun to downsize their expectations for Asian 
growth and revenue and their need for expensive 
expatriate staff to manage operations. Big 
companies, said Pat Haro, chairman of the Singa- 
pore-based headhunters PHR Group Ltd., are not 
yet reeling in their foreign managers from Asia, 
“but they are discussing it” 

Just as significantly, he noted that the Asian 
turmoil of recent months and the prospect of 
more to come had led many of those executives io 
consider the merits of leaving Asia for hotter 
opportunities elsewhere — including home. 

“If there is not going to be a lot happening in 
Asia,” Mr. Haro said, “then maybe these people 
would be better off back at headquarters or in 
another developing marker where they can use 
more of their bandwidth.” 

Employers keen to employ all their capital, 
including personnel, where it will reap the richest 
rewards are likely come to similar conclusions. 


Many Asian recruiters say they expect a flood of 
resumes from expatriates looking to make long- 
distance moves after next month, once bemuses are 
paid out and safely banted. 

Six months ago, the recruiters said, makers of 
everything from bulldozers to beverages expec- 
ted 1998 to mark another year of Asian revenue 
gains of 20 percent to40 percent or more. Current 
expectations of gains in the zero to 10 percent 
range represent an unaccustomed shock. Inev- 
itably, costs at multinational banks and cor- 
porations will be brought back in line with ex- 
pected revenues. 

Some companies will bock that trend, seizing 
upon the turmoil to (tick up operations at fire-sale 
prices. The computer service giant Electronic 
Data Systems Corp.. for example, decided this 
month to snap up all 600 employees of the 
computer services arm of Yamaichi Securities. 

While banks from Thailand to South Korea are 
laying off managers, foreign companies tike Cit- 
ibank and ABN -AMRO Bank have stepped up 
local hiring, eager ro expand. Others, such as 
Credit Suisse Group, have bid for some of the 


region's failed banks and brokerages. 

That son of cotporate bottom-feeding has 
sparked an explosion in demand for highly qual- 
ified mergers and acquisitions professional's. Also 
in great demand, though a bit late, are managers 
who can assess credit risk among Asian bor- 
rowers. 

Among the losers, said Martin Tang, head of 
the Hong Kong office of the recruiting firm Spen- 
cer Stew an & Associates, are specialists in initial 
public offerings. At a lime when investors are 
wary enough of seasoned Asian companies, in- 
terest in the fledgling variety has dried up. 

Specialists in arranging project finance arc 
also out of favor in this period when, as Mr. Tang 
said, "lots of projects are being canceled.” 

For those foreign workers' who remain in 
place, the next two or three- years promise to be 
tough. Once, having the rosiest picture to paint in 
annual results presentations back at headquarters 
was thought lb come with the terrain in Asia. 
After being the envy of their peers, Mr. Haro said, 
executives based in Asia face the prospect of 
addressing colleagues “groaning in the back of 


the room about another bad year in Asia. 

In coming months some of Asia’s brightest 
and most upwardly mobile executives may de- 
cide they cannot afford to wait for the region s 
inevitable bounce back, even though most ex- 
perts say Asia has rarely needed their talents 
more. 

Some recruiters insist that there is nothing new 
about the shortage of talent. In retrospect, they 
say. one of the region’s problems was that, even 
in the boom years. Asia had difficulty attracting 
and then holding the best people. 

"I would say (hut for a long time there has been 
a shortage of high-quality lalenr working in the 
region.” said Alan HiUiker, a consultant with 
Egon Zchndcr in New York. Inevitable shortages 
bom of nothing less than explosive growth rare.-* 
were compounded, according to Mr. HiUiker and 
others. b> fears among young executives that 
such volatile economies made for dangvrou- 
places to build long-ienn careers. 

■'There was always a mentality of make your 
money while the sun shines and then get out.” 
Mr. H iUiker said. 


A Puzzle Goes Global 

Canadian Toymaker Relies on Exports 


By Anthony DePalraa 

New Yt<rk Times Scn ice 

VILLE ST. LAURENT, Quebec 
— When he stumbled on a simple 
way to make jigsaw puzzles in three 
dimensions, Paul Gallant knew he 
had a good idea. When he looked at 
the cost of developing that idea, 
though, he concluded that the Ca- 
nadian market was just too small — 
that his only hope of turning a profit 
would be to focus on exports. 

That is what Mr. Gallant did, and 
while he might have made it even if 
he had been content to stay within the 
Canadian borders, the route he took 
transformed his small Quebec com- 
pany into a global success story, and 
his simple idea has made its mark in 
the $20 billicm-a-year toy industry. 

Go near a toy display anywhere in 
North America this Christinas and 
there is a good chance of running 
into one or more versions of Mr. 
Gallant's idea. His company, 
Wrebbit Inc., along with its new U;S. 
partner, Hasbro Inc., will tarn out 
more than 10 million three-dimen- 
sional puzzles this year of buildings 
such as the Taj Mahal and the Tower 
of Pisa, as well as contemporary 
icons, such as the Millennium Fal- 
con spaceship from “Star Wars." 

In a high-tech age of electronic 
toys and whiz-bang video games, 
Wrebbit ’s Puzz 3D puzzles are re- 
siliently old-fashioned, even if they 
are a true innovation. Jigsaw puzzles. 


a staple of gift giving since they were 
developed in the 1700s, have had 
their ups and downs, with their ap- 
peal enhanced occasionally by, say, 
presenting a mystery whose solution 
is found by completing the puzzle. 

Bat the toy industry is cutthroat 
and capricious. One season's hits 
may bring yawns a season later. 

“We’ve seen a lot of one-hit won- 
ders,” said Frank Reysen Jr., editor 
of Playthings Magazine. “The shelf 
life of even the best toys is notori- 
ously short-lived. The challenge for 
a manufacturer is figuring out how to 
keep a toy alive for two to three 
years.” 

Wrebbit' s puzzles — made of the 
type of foam used to insulate airliner 
cockpits, and selling for an average 
of about $30 — havequickly become 
a hit. with worldwide sales this year 
expected to surpass $100 million. 

What makes Wrebbit’s success 
even more striking is that not many 
new toys succeed. According to Gary 
Jacobson of Jefferies & Co., three out 
of five new toys fail, and tbe big 
manufacturers are introducing fewer 
and fewer new toys and games. 

“Toys ’R’ Us is reducing the 
number of products they cany,' ’ he 
said. “They are sticking with what is 
tried and true." 

Without Mr. Gallant’s pursuit of 
the export market, tbe puzzles might 
Dot have grown much. 

Focusing on exports is fairly typ- 
ical at ambitious Canadian compa- 



Chrifl.iflwi Mi«nVPic V«.rt Tone- 

Paul Gallant with a puzzle of the Manhattan skyline, part of his 
Canadian company’s efforts to win business south of the border. 


nies, with international trade account- 
ing for 40 percent of the country's 
gross domestic product of 576 billion 
Canadian dollars ($402.4 billion). 

Although the free trade agree- 
ments of the last decade have been 
hugely unpopular with unions and 
some businesses, Mr. Gallant is an 
outspoken cheerleader. 

“In the business I’m in," be said, 
“the trade agreement has been fant- 
astic.” 

Tbe U.S. market has been vital to 
Wrebbit, with American sales mak- 
ing up 85 percent of the $100 million 
total this year. Wrebbit also recently 
started selling in Europe, and next 
year expects to be in Asia as well. 


Manufacturing costs are about the 
same in Canada as in the United 
States, with a weakened Canadian 
dollar compensating for the differ- 
ence in transportation costs and 
slightly higher wages in such heavily 
unionized cities as Montreal. But 
until the trade pact lowered or elim- 
inated tariffs, exports to the United 
States carried a premium. And 
Canada's smaller market put re- 
straints on local manufacturers. 

"We were assuming 20,000 to 
25,000 units” a year if the puzzles 
were released just in Canada, Mr. 
Gallant said. But at that volume, the 
puzzles would have cost twice as 
much. 


Time to Look East Again? 


By Thomas Fuller 

fr.;ernj::oru.' Hc’iltJ fri'Hini 


KUALA LUMPUR — As East Asia's stock 
market sell -off accelerated last month, a Singa- 
pore-based fund manager told television view- 
ers he had learned one important lesson from 
the daily plunges: "When the elephants head 
for the exits, you don't stand in the way." 

Comparing investors to a herd of angry 
elephants seemed apt at the time. Foreign fund 
managers had all but abandoned Southeast 
Asia. Even such free-market disciples as 
Michel Camdessus, managing director of the 
International Monetary Fund, spoke of the 
need to discourage “herd behavior.” 

But now. as markets hit 10-vcar lows, there 


INVESTING 


ore signs that several fund managers are 
breaking from the herd — and tiptoeing hack 
into East Asian markets. 

For several weeks. Mark Mobius. head of 
Templeton Asset Management Ltd. in Singa- 
pore. has been making noises about how- 
cheap Thai stocks are looking. The high- 
profile fund manager has also spoken withhis 
feet, putting 1 2 percent of the S660 million he 
manages into Thailand. 

Craig Hodge, a partner at Caspian Secu- 
rities Ltd. in London, said some of his big 
clients, mainly pension funds, were cau- 
tiously buying Malaysian blue-chip stocks, 
intent on holding on to them for a few years. 

“What you’ve found over the last few weeks 
was an overshoot on the down side,” said Mr. 
Hodge. “Sentiment is slightly changing toward 
being worried about being too underweight.” 

These efforts are modest compared with the 
billions of dollars controlled by the mutual fund 
industry. But contrarian investors are none- 
theless being applauded from the sidelines. 

One such cheerleader is Paul Krugman. a 


professor of economics at the MassachuN-ctt> 
Institute of Technology who is best known for 
having predicted, before anyone would listen, 
that Eum Asia's growth was unsustainable. 

Today Mr. Krugman says he is intrigued that 
money managers could have changed their 
views of East Asia so quickly. Just a lew- 
months ago they extolled the "virtues of the 
Asian miracle and now they denounce regional 
economies as inefficient and badly managed. 

In the current issue of Fortune magazine. 
Mr. Krugman describes a recent meeting he 
attended of fund managers w ho together con- 
trol probably hundreds of billions of dollars. 

"Several money managers argued that 
Asian markets have been oversold, but that 
one shouldn't buy in until those nt.ukeis stun 
to turn around."" Mr. Krugman noted. "The 
obvious question was: If it becomes clear to 
you that the market has turned around, won't it 
be clear to everyone else?" 

In other words, it you follow- the herd and 
wait until everyone else piles into u market, 
how do you expect to make money? 

With this in mind, a Singapore-based fund 
manager. OUB Asset Management Ltd., last 
month launched The Global Contrarian Fund, 
designed to find fundamental!) strong stocks 
that have been oversold due to what it calls 
"extreme pessimism.” 

OUB says it tracked market performance of 
the world's major stock markets during the 
past 20 years and came up with a strategy to 
generate average returns of about 20 percent 
by taking this "contrarian stance.” 

But contrarian investing is dearly not for 
everyone. Foreign investors have good reason 
to be wary of East Asian markets these days. 

For one. they must take into account local 
currency risk. Even if Indonesian stocks had 
doubled since May. for example, the rupiah's 
plunge would have erased the gains for in- 
vestors whose portfolios are denominated tn 
dollars. 


TRADE: Ghosts of Deficits Past Rise Out of Asia to Haunt U.S. 


-s «V 
. ‘ -V 


Continued from Page 11 

“It’s a serious issue macroeconora- 
ically , and it's serious for the incomes of 
working families,” said Thomas Pulley, 
assistant director of public policy for the 
AFL-CIO. 

After peaking at $153 billion in 1987, 
or about 33 percent of gross domestic 
product, during a period of widespread 
concern that the United States was ced- 
ing global economic leadership to Japan, 
the annual deficit in the trade of goods 
and services fell sharply in the early 
1990s, largely because the United States 
fell into recession, pushing down de- 
mand for imports. 

But from a low of $30 billion in 1991, 
the deficit has bounced back steadily, to 
$111 billion last year, or about 13 per- 
cent of GDP. The deficit has been run- 
ning at roughly the same pace for this 
year but is expected to soar next year as 
the United States feels the full effect of 
the currency devaluations in Asia. 

The effect on the economy could be 
considerable. Maury Harris, an econ- 
omist at Paine Webber in New York, said 
he expected the rising trade deficit to cut 
eight-tenths of 1 percent from growth in 
gross domestic product next' year. The 
economy has been growing this year at 


close to 4 percent. The administration’s 
biggest trade concern now is that a cycle 
of “competitive devaluations” will set 
in. in which countries allow die value of 
their currencies to decline so that their 
goods remain competitive with those of 
their competitors. That has already 
happened in Southeast Asia, where there 
have been at least three major rounds of 
devaluations, the latest within the last 
week. 

The worry now is that Japan will also 
allow its currency to devalue, respond- 
ing to what has happened in Korea. 
“That is the scary scenario.” a senior 
U.S. administration official said. “They 
make many of the same products — cars, 
steel, semiconductors. So the pressures 
in Japan to let the currency go are tre- 
mendous.” 

Tbe yen got some welcome support 
from tbe Japanese government’s plan, 
announced Wednesday, to lower taxes 
by $15.3 billion to spur economic 
growth. The move reversed the yen’s 
steady slide against the dollar, but it is 
unclear whether the threat of further 
weakness in the Japanese currency has 
passed. 

. So far, the Japanese Fi nance Ministry 
has made good on its threat to intervene 
to keep the yen strong, but many traders 


think that Tokyo will eventually bow to 
pressure from its large manufacturers to 
allow a'significant decline. 

Until the last few months, the ad- 
ministration's chief concent has been 
the rising trade deficit with China. The 
imbalance with Beijing had begun to 
approach the kind of numbers ordinarily 
seen in trade with Japan, and already 
U.S. officials were issuing public warn- 
ings ro the Chinese. 

But China's currency is not fully con- 
vertible. so it has been left out of the 
devaluations that have struck tbe rest of 
Asia. Still, China is hardly likely to 
recede as a trade problem. 

Administration officials said any 
downturn in exports to Asia or other 
parts of the world would be further ev- 
idence of why die United States should 
continue to work aggressively to open 
foreign markets. 

But they said there was no quick and 
simple solution to any rise in the deficit 
driven by the Asian turmoil. 

“Any increase in the trade deficit is 
not a function of trade policy, and it is 
not one that changes in trade policy can 
cure,” said Charlene Barshefsky, the 
U.S. trade representative. “We’re look- 
ing at a macroeconomic situation of tre- 
mendous proportions. 


SHORT COVER 


German Union Backs Strike in East 

BERLIN — Steelworkers in Eastern Germany have voted 
to strike in January, the IG MetaU union said Sunday. 

The metalworkers union said 77.44 percent of its 5,381 
voting members supported strike action in balloting com- 
pleted Thursday through Saturday after demands for a 5 
percent wage increase were re 4 -'*-' 1 Th * wouW have 
brought wages' in line with th 

The union's regional chid 
would take place by Jan. 12. 

U.S. Firms Grow More Optimistic 

WASHINGTON — Business confidence in the U.S. econ- 
omy increased in December for the second month in a row as 
companies stepped up plans to introduce products, according 
to an industry survey to be released Monday. , 

Die Cahners Business Confidence Index rose to 66-2 m 
December from 65.4 in November, putting it ‘ ‘back on par with 
it* year-ago level,” said Kim Kennedy, a Cahners economist. 
The index is based on responses from almost 400 executives, A 
readin g above 50 means that more expect business to pick up in 
the coming months than expect it to slow down. {Bloomberg) 

Intel Chief Is Time’s ‘Man of Year’ 

NEW YORK — Chairman Andrew Grove of Intel Coro, 
has been named Time magazine's “Man of the Year, f°rhis 
leadership in building the chipmaker into one of the most 

Powerful pnmfwnw rtf nur SPC. . . . 

utt said m 
.. . not good. 
(Bloomberg! 

Allianz and Generali to Split AGF 

PARIS — Allianz AG of Germany and Asficurariom 
Generali SpA of Italy have agreed to split a third insurance 
company. Assurances Generales de Fran c e.,betweea theoL 

Generali signed an agreement late Friday m wfach it agreed 
not to exceed the Allianz bid. That bid valued AGF shares at 
320 French francs ($53.88) each. 20 francs more than toe 
Generali bid. fAr ' 



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PACE 16 


INTERNATIONAL HERALD TRIBUNE, MONDAY, DE CEMBER 22, 1997 

SPORTS 


A Day for the Undefeated to Fall 

Inter Milan Loses to Udinese as Ajax Is Edged byPSV Eindhoven 


Coupiirdby Our Suff Flint Dapatehes 

The German striker Oliver Bierhoff 
beaded home a dramatic goal in second- 
half injury rime in Rome on Sunday as 
Udinese beat Inter Milan, 1-0, handing 
the Italian league leaders their first loss 
of the season. 

Bierhoff rose above the defense to 
pod home Jonathan Bachini’s cross for 
his ninth goal of the year. 

J The loss dropped Inter Milan 'srecoid 
to 9 victories, 3 draws and 1 loss for 30 
points, just a point ahead of Juventus of 


European Soccer 


Turin. Juventus. die defending league 
jQhampion and now the last unbeaten 
club, rolled past Empoli, 5-2, as Aless- 
jandro Del Piero registered a hat trick. 

Inter and Juventus are to meet in 
Milan on Jan. 4, when play resumes 
after the league takes its two-week hol- 
iday break. 

1 Udinese is alone in third place with 
26 points, followed by AC Parma — a 2- 
I winner over Lecce — with 25. 

- Elsewhere Sunday, Fiorenrina scored 
five goals for the second straight game 
and routed Atalanta of Bergamo 5-0; 
Brazil's Paulo Sergio scored the equal- 
izer in the fifth minute of injury time as 
AS Roma salvaged a 1-1 draw at Bres- 
cia; Sampdoria of Genoa routed Napoli 
6-3; Lazio of Rome thrashed Vicenza 4- 


0, and Bari and Piacenza drew 0-0. 

With the striker Ronaldo playing for 
Brazil in the Confederations Cup in 
Saudi Arabia, and two key midfielders, 
Diego Simeone and Francesco Moriero, 
suspended, Inter rarely threatened Ud- 
inese’s net. 

The hosts' potent hoot line, with Bier- 
hoff as the focal point, also bad trouble 
breaking through a surprisingly stingy 
Inter backline. Bierhoff finally broke 
free of his marker in the 91st minute and 
came through with two of his specialties: 
a header arid a significant goal 

Inter's coach, Gigi Simoni, said: “I 
have nothing to complain about, bat it's 
a tough way to lose. There was a great 
strike in injtziy time, a strike by a great 
player. We made an error, and be took 
advantage.” 

Netherlands The runaway Dutch 
league leaders, Ajax Amsterdam, were 
humbled Sunday when they lost a thrill- 
ing match, 4-3, at home to PSV Eind- 
hoven for their first defeat of the sea- 
son. 

Ajax still leads second-place PSV by 
15 points in the first division, but the 
defeat ended Ajax's 19 game unbeaten 
streak and opened some psychological 
doubts going into die winter break. 

The home team controlled the gam e 
in the first half, but only managed a 
single goal from Shota Arveladze. Ajax 
let the match slip when PSV’s Arnold 


Biuggjnk and Gilles de Bilde scored just 
before and after the break. 

PSV remained ahead from then on, 
although strikes in turn from Biuggink, 
Ajax’s Dean Gone, PSV’s Boudewijn 
Zenden and finally Ajax’s Peter Hoek- 
stra with three minutes to play kept the 
tension going until the end. 

ENGLAND Andy Cole shrugged off 
die jeers of the fans who used to adore 
him to give Manchester United a 1-0 
English Premier League \dctozy at New- 
castle on Sunday. 

Cole, who left Sl James Park almost 
three years ago, headed in the only goal 
of die game in the 67th minute to restore 
the champions' four point lead at the trip 
of the league. 

Just as important was the display of 
goalkeeper Peter Schmeichel, who 
made two brilliant saves to foil New- 
castle. Newcastle has now gone five 
games without a victory and trails 
United by 18 points. 

On Saturday, Roy Hodgson’s Black- 
bum Rovers cruised to a 3-0 victory 
over West Ham, while Tottenham, 
helped by two goals from David Ginola, 
eased its worries about dropping down a 
division with a 3-0 victory over Barns- 
ley. 

Third-place Chelsea stayed in tide 
contention with a 4-1 triumph at Shef- 
field Wednesday, while Leeds kept up 
its impressive recent form by downing 



Oliver Bierhoff of Udinese, right, heading home the winner against Inter. 


lowly Bolton, 2-0. Everton, struggling 
near the bottom of the standings instead 
of challenging for the leadership, scored 
its first goal in five away games in a 1-0 
victory at Leicester. 

Germany The players of FC Kais- 
erslautern and Bayer Leverkusen cel- 
ebrated news of contract extensions for 
their highly regarded coaches on Sat- 
urday by rolling to victories in the 
B uncles Uga. Kaiserslautern edged FC 
Cologne, 3-2, while fourth-place 


Leverkusen routed Stuttgart. 6-1. 

Both Kaiserslautern’s Otto Rehhagel 
and Leverkusen's Christoph Da am 
have signed contracts extending their 
jobs to the middle of 2001, their teams 
annmineed at Saturday’s matches. 

The two coaches are widely regarded 
as having inspired losing teams to reach 
the Bundesliga’s upper echelons and, in 
Damn’s case, transform Leverkusen in- 
to a Champions League quarterfinalisL 
(Reuters, AP) 


Hrive and Bath 
In Rugby Final 


Rmcn 

i npjnON — Brive of France, the 

ifter beating Toulouse and Pau, respec 

booked to ishra 
ihowdown in Bordeaux with a 
fwvne victory Saturday, while Bnye 
nade it by'vhtue of scoring more mes 
ban Toulouse in a battle that : ended 
tevd at 22-22 after extra tans Sunday. 

Hyhaff Oirisiophe Lamaison put 
Brive through with a penalty three 

Tiinutesfr^m theeirfof theexropenoA 

rhe kick made it B |o% 

which scored two tries to the IVW> 
:hampions’ one, through to figt 
A solitary try from former England 

i-sKSsssSss 

incounter between Brive and Bath this 
icason. Bath won the first at home, 27- 
15, and Brive won in France. 29-12. 

■ Italy Crushes Ireland, 37-22 

Flyhalf Diego Dominguez scored 27 
joints as Italy defeated Ireland, 37-*-. in 
l rugby union test match Saturday, 
strengthening its case for membership in 
he Five Nations championship. The As- 
sociated Press reported from Bologna, 
Dominguez scored a try and kicked six 

1^ h,m IVWIVPKintK. 


t 


4 


* 



Lipinski and Kulik Prove Their Points 


MiduH Kapp-WRciitn* 

Russia’s Dya KuSk perforating his free-skating program. 


By Jere Longman * 

New York Tima Service 

MUNICH — Tara Lipinski 
of the United States and Ilya 
Kulik of Russia urgently 
needed to skate clean, long 
programs. Lipinski to prove 
she could climb back to the 
top, Kulik to show that he had 
finally made the ascent from 
vast potential to dependable 
accomplishment. 

Bom skaters took first 
place honors on Saturday 
with inspiring performances 
at the Champion Series Final, 
the last major mtemarinnal 
preview before the 1998 
Olympic Winter Games in 
February in Nagano. Japan. 

First place was worth 
$50,000 apiece and an un- 
countable sum in terms of 
confidence and worldwide 
standing. 

lipinski, 15, won the 1997 
world championship last 
March, but she had finished 
second in both Olympic-style 
competitions this season, and 
had come under increasing 
scrutiny for a flawed lutz 
jump. But Saturday, she re- 
sponded coolly under great 


pressure to defeat the German 
champion, Tanja Szewczen- 
ko, who had skated just be- 
fore her in front of a loud 
hometown audience. 

Szewczenko has made a re- 
markable return to skating 
after a severe viral infection 
kept her out of competition 
for 18 months. Though she 
suffered Saturday from ton- 
sillitis, she landed seven triple 
jumps for the first time in her 
career to temporarily assume 
first place. 

Then it was up to Lipinski, 
the final skater.. This was a 
crucial performance. 

If she skated her best, the 
judges would have a clear 
choice to make between the 
20-year-old Szewczenko and 
the teenage Lipinski. If they 
chose Szewczenko, and li- 
pinski lost for a third con- 
secutive time, die circulating 
idea that she was too young to 
win would have gained cur- 
rency and potentially dimin- 
ished her Olympic chances. 

“After her skate, it was 
hard to get my concentration 
back." Lipinski said. “I told 
myself, ‘Inis is what I want to 
do; I have control over it’ " 


Lipinski had won the short 
program on Friday, and she 
would also win the long pro- 
gram, which counted fra: two- 
thirds of the scoring. She de- 
livered a foster, more fluid 
routine than Szewczenko and 
she landed more difficult 
jumps, including her trade- 


She received four marks of 
5.9 for technical merit — her 
highest of the season — and 
5.8s and 5.9s for artistry, win- 
ning first place from five of 
the seven judges. 

“It was very important,” 
said Lipinski, who lives and 
trains m Bloomfield Hills, 
Michigan. “I had confidence 
in my long program, but Ihad 
to go out and do it.” 

Her victory was tempered 
by the absence of her main 
rival, Michelle Kwan, who is 
recovering from a stress frac- 
ture in her left foot But Li- 
pinski will now enter the U.S. 
national championships in 
Philadelphia in two weeks, 
confident that the judges will 
award her high marks when 
she deserves them and that if 
Kwan makes a mistake, she 
can overtake her. 


In men’s skating, there bad 
never been any question 
about Kulik’s marvelous 
jumping ability, only about 
his reliability. . 

Kulik made his interna- 
tional debut in 1995 to win die 
European championship. He 
won a silver merial at the 1996 
world championships, but re- 
mained erratic in the long pro- 
gram. 

On Saturday, the 20-year- 
old Russian, who lives and 
trains in Marlboro, Mas- 
sachusetts, skated a wonder- 
fully elegant, unhurried per-i 
fo rma n ee to defeat the three- 
time world champion, Elvis 
Stqjko of Panada. Todd 
Eldredge of the United States 
finished third in a perfor- 
mance that was encouraging 
after an early season of injury 
and frustration. 

Kulik stumbled and 
both hands to the ice on 
opening attempt at aquadruple 
jump, but from then on he was 
nearly flawless during his 
four-and-half-minute routine, 
landing eight triple jranps with 
great height and ease. “He 
jumps like a god,” Brian Boit- 
ano has said of Kulik. 



Wrbjrl Rjfprbr'R-T 

Tara Lipinski showing first-place form in Munich. 


Scoreboard 


BASKETBALL 


NBA Standings 


ATLANTIC DIVISION 



W 

L 

PU 

GB 

'Miami 

17 

8 

.690 

— 

Oriando 

16 

10 

-615 

1W 

New York 

15 

11 

S77 

2*A 

"New Jersey 

13 

11 

.542 

ay, 

"Washington 

'Boston 

13 

14 

.431 

5 

U 

12 

ATS 

5 

'Philadelphia 6 18 

CENTRAL DIVISION 

.250 

lOW 

Atlanta 

19 

7 

731 



Indiana 

17 

8 

.680 

1'A 

CNcaga 

16 

9 

440 

2» 

thartone 

15 

9 

.635 

3 

'Oevekmd 

15 

9 

-625 

3 

'MOwaukee 

12 

13 

-480 

6W 

Detrofl 

12 

15 

MA 

7% 

Taranto 

3 

23 

.115 

16 

wisimi commi 

wowEsnr onnsKM 

res 



W 

L 

Pet 

GB 

'Haaston 

14 

8 

•636 

— 

'Utah 

15 

9 

525 

_ 

'San Antonio 

15 

10 

500 

Vi 

'Minnesota 

n 

13 

558 

4 

Vancouver 

9 

17 

-346 

7 

'Oafcxs 

5 

20 

200 

UK 

'Denver 

2 22 

MOF1C HVBMH 

.063 

13 

[Seattle 

31 

5 

503 



LA. Lakere 

20 

6 

769 

1 

Phoenix 

15 

B 

552 

4W 

^Portland 

14 

9 

509 

5% 

Souuiueiau 

9 

17 

Mi. 

12 

Golden State 

5 

18 

J17 

14ft 

[la. Oppras 

5 

21 

.192 

16 


RMTiiunn 

10 31 2! 24—86 
'Washington 22 38 26 20-106 

• OGitTy 6- 12 0414. Rice 5-16 2-2 II Reid 
-3-9 7-9 13; W: Ho war d U-1B 4-4 26. Webber 
•1 1-22 1-1 24. IMMtmb-Chartane45 (Dhat 
•9). Washington 52 Webber 19). AMets- 

Charlotte 21 (Mason 4], Washington 34 
-CSMcHond 15). 

•Detroit 17 14 22 35— 90 

•tndtana 23 21 28 26- 98 

• D; Stackhouse 13-20 7-7 33, B.WHams 12- ' 
-21 1-335,-1: Smtts 8-19 4^ 20, MMW4-10B-9 
•17. RohoBiids— Detroit 40 (B-WMams 141. 
-fndlara 44 ©barfs ID). Assiste-OtPottM 
‘(HD 7). Indiana 30 (Jackson 9). 

LA. Labors 34 23 12 27- 90 

■Atlanta 32 27 IS 22- M 

• LA. Lukas Bryant 7-14 4-4 IZ Carapbdl 

'5-8 8-9 1ft A: Smith 10-28 2-3 2& LaeHner 6- 
■11 6-6 10. Roboundi— La Angeles 53 (Horry 
8). Altantn 53 rLoettner, Blaylock 9). 
'Affists— Los Angeles 18 (Van Enl 7), 
'Atlanta 19 (Btaytodc9). 

'Now York 34 28 ,21 31—104 

-aowtand 29 » *13 15-77 

- N.Y.: Ewing 9-1*4-522. Houston 494-413. 
'Storks 5-13 2-5 IS C- Ugauskss 7-14 2-2 16. 
Andtnafl 5-9 6-7 it. Rtbeuub— New York 
'44 (Ewing HU» Qmtand SO (Hgmkas 13}. 
■Assttlt->Nw YaifcN (Ward fi],Clenlaiid2l 
' (Knight 111- 

’Mflwaakee 28 33 14 24- 91 

Toronto 28 26 19 27- « 

- AAiGiBiam 8-13 7-10 23. Robinson 8-23 45 
21; -nStoratamin; 13-258-103* MBer 7-102- 
■2 16. Rsbooads— Mflwaolae 50 (Johnson SL 
Toronto 150 (Catnhy 141. Assists— Milwau- 
kee 24 (Robinson, Perry 5), Taranto 20 

'(StoMtamire8). 

'Miami 26 25 18 22-9! 

'Phfladetoftia 24 21 19 28- 84 

• «L Hantowoy 9*17 4-7 22, Lenard 6-12 3-3 
■«S P: Thomas 5-13 6-8 1 7, RnMffO-l0 1-3 17. 
'Robaands— Mtoml 56 (Mourning I3L Phfla- 
deipNa 50 (Coteman 8). Aunts Mtoml 24 
' (Hardaway 141. PNadeipNa 17 m*n« A. 

Sacrum*** 29 32 24 21^- 98 

'Heart* 28 29 38 37-116 

' Richmond 11-202-2 24. Wi1liamsgtv7-t8 
H 17; H: Wilts 9-17 10-11 2& Barkley 11-17 
*1023. Rebo u nd s — Soc mn u3ti o 39 (Stewart 
'Mynice BL Houston 50 (Borfctoy 16). 
^tssbts— Sacramento 29 (WH Hamsun 6). 
Houston 2 s (Baridey 6). 

« I* 35 26- 91 
Portfond 18 17 27 34— 96 

■ -V: Abdur-Rflfwn Ml 7-11 25, Reeves 9-11 
3* lBi P: Rider 10-20 6-7 31, Grant 6-13 7-7 
19. Bstemds-Vonoouver 56 (Abdur- 


Rohim, Mossenbwg 10), Portland 58 (Grant 
14). Assists— V otcouvw 17 (Doileis 7), 
Portland 20 (Wnnam 8). 

unnuTSsnuus 
Chicago 28 20 17 35-100 

How Jersey 22 23 26 21—92 

O Jordan ID-234-524, Harper 8-14 34 Ifc 
HJ; Van Horn 7-164-72H Kittles 7-154-5 19. 
Retxwnds— CWcaga 50 (Rodman 24), New 
Jersey 46 (WMoms 1 7). Assists— Chlcogo 22 
(Rod mai 5). New Jersey 15 (Cossol 7). 
Washington 29 23 18 24- 94 

Toronto 24 25 21 22— 92 

W: Webber 13-232-5 2& Strickland 8-162-4 
lft T: Comby 8-14 2-2 18, Stoudaraira 7-194- 
4 18. Rebounds— Washtagton 55 (Webber 
12). Taranto 39 (Stoodandre 7). 
Assists— Washington 29 (Howard 71 

Toronto 30 (Stoudamire 8). 

Indiana 23 24 28 20- 95 

OcVuto 24 14 24 30- 92 

I: Jademn 6-9 54 18, MiriBn 7-13 34 lft Oe 
Seflraty 12-27 13-18 37. Grant 7-17 04) 14. 
Rotioe ads— Indiana 45 GD Darfs 9), Orlando 
57 (Grant 15). Arafsts— Indlara 22 (Jackson 
8), Orlando 13 (Prtas Armstrong 3). 

Ah onto 25 24 18 B— 92 

Miami 27 22 29 21— » 

Aj Smith 7-21 8-9ZfeMutomba4-8Tl-121Z 
M: Mounting 9-16 3-6 21; Hardaway 7-162-2 

18. Austin 6-86-9 18. RoboiMds — Atlanta 52 
(Mutambo 15), Miami 50 (Mourning 12). 
ABWs-Altanfd 16 (Reasner ID. AUanri29 
(Hantoway 131. 

LA Laker* 26 38 24 27-109 

anrtatta 30 24 24 22— 1M 

LAJjiken; Van Bci 9-173624, Jones 7- 
1 1 2-21 9; C: race 11 -20 6-B 32, Mason 7-11 5- 
6 19. Reboaeds— Las Angeles 43 (Bfoant 8], 
Chartotre 46 (Olvac 18). Assfcrts — Los 
Angeles ® Oton Exel 11). Chariot* 25 
(Wesley 8). 

PMaMphhl 20 24 18 16- 78 

Detroit 16 35 31 33-115 

P: Coleman 6-12 4-6 lft Jackson 4-10 4-4 
13t D: J.WMoms 8-10 6-10 22, StaddrotraeS- 

14 9-10 20. B ebo om t i P hllod al phlo 51 
(Co terrain 8), Detroit 65 (Montrass 14). 
Asstots— PhMdelphto 19 (Jackson 6), 
Detroit 22 (Hunter 7). 

matters 20 » 28 23- 91 

Minnesota 20 30 15 27— 92 

LA. cuppers Martin 6-15 1-1 1ft Murray 5-> 
105-5 1& Wright 6- 16 3-3 1& Rogers 6-14 M 
15,-M; GugBotta 11-17 2-5 24. Garnett 7-136- 
720. Rrtorauts-LnsAngetes 56 (Wright 22], 
Minnesota 49 (Garnett 14). Anbb-ba 
Angeles 23 (Martin 7), Minnesota 31 
(Martwryi*). 

Sacramento 23 21 21 21- 89 

DflAB 29 24 13 22- 88 

&: WHOamson 10-177-1027, RkfimendB-lB 
1-2 2ft Dr Scott 8-17 1-1 21, Walker 7-12 44 

IB. mnwnU 43 (WDIknson 

HD, polios 52 (Green 10). 
Assists— Sacrenwata 20 (Johnson 6), DaOos 
22 (PadcS). 

Haastoa 24 16 23 24- 87 

Sn Antonio 28 27 22 23-108 

H: Draster 9-18 7-8 2St Baridey 9-16 4-5 22; 
SA: AJahnsaii 10-13 1-3 21, EJ Baft 7-14 24 
2ft Dimaon 9-14 24 2ft Rebounds— Houston 
S2 (Baridey 141, San Antonia 54 (Dunam 10). 
Assists— Houston 10 (Drexter. 3), San 
Antonio 54 (AJohnson 101. 

Phoenix 23 34 22 23-182 

Owner U 12 26 17— 11 

P: Nash 9-17W 2ft Mowing 6-834 lft Dr 
Baffin 4-1! d-7 M Washington 5-11 2-2 14. 
Reboands-Phoento62 (Kidd 12), Denver 44 
(Garrett 9). Assists— Phoenix 27 (Noh 9),- 
Denver 18 [Jackson 5).' 

Hew York 21 13 Zl 23- 78 

Milwaukee 20 24 27 27- 98 

N.Yj Houston 6.132-215. EvAng 4-94-612. 
Chi Ids 3-12 64 12 M.- Alien 11-18 B-S 3 £ 
RebtMonlQ.20 7-927. Robowrato-NewYbrit 
46 (Ewtog 9), MBwaafcee 53 (E Johnson 10). 
Assists— Hew York 18 (Wan 1 71 MOwaukn 
19 (Perry 5). 

CeldM Stole 16 20 22 31-89 

Stolfle 29 23 31 25^-188 

GS_' Deft 10-1904) 2ft Dam pier 6-11 3-7 

15 S: Schrampf 7-14 4.5 2ft Baker 6*11 7-11 

19. Reboaids-Gataen state S3 (Damplera). 
Seattle <0 (Sehnmpl 9). A»W»-Goiden 
Stale 24 (Cates B), Seattle 27 (Payton Ml* 


Major College Sccores 

North Canfina 81, Florida Slate 73 

Kansas 94, Texas Christian 78 

Kentucky 74. Tuba 53 

South Caroflna 77, SL Josephs 65 

Utah 69, Dragon SWe 61 

Purdue 8& Xavier 84 

UCLA 731 SaW Louis 67 

Coraiedlcut9ft North Cafflno-WRmkigton 55 

New Mexico 81, Texas Tech 62 

Rutgers 72, Temple 63 

Mississippi 104 Pinkie View 59 

West VkyWa Bft Geoigta 81 

Michigan 87, Chattanooga 53 

Syracuse 71, UNLV 64 

Tournament Finals 


HowoB 81, Santa Clara 77, 

New Orleans 7Z George Atasoa 83 


ICE HOCKEY 


NHL Standinos 


ATLANTIC DtVISlOM 



W 

L 

T 

Pts 

GF 

GA 

New Jersey 

23 

10 

1 

47 

106 

67 

PWtadetotita 

20 

9 

7 

47 

101 

78 

Washington 

16 

13 

7 

39 

103 

98 

N.Y. Islanders 

15 

15 

5 

35 

97 

92 

N.Y. Rangers 

10 

15 12 

32 

96 

103 

Florida 

12 

19 

5 

29 

88 

108 

Tampa Bdy 

7 

21 

6 

20 

62 

105 

NORTHEAST DmnON 




W 

L 

T 

Pts 

GF 

GA 

Pittsburgh 

18 

11 

1 

44 

100 

88 

Montreal 

19 

14 


42 

107 

90 

Boston 

16 

14 

6 

38 

91 

92 

Ottawa 

15 

17 

4 

34 

88 

86 

CaroBna 

13 

18 

5 

31 

92 

100 

Buffalo 11 

16 

6' 

28 

81 

93 

CENTRAL OIVI8ION 




W 

L 


Pts 

GF 

GA 

Dallas 

24 

9 


52 

118 

77 

Oetratt 

20 

9 


47 

118 

91 

St. Louis 

21 

12 


46 

109 

86 

Phoenix 

14 

16 


34 

97 

102 

Taranto 

12 

17 


29 

78 

93 

Chicago 

11 

17 


29 

77 

86 

PAfinC DWHUON 




W 

L 

T 

Pts 

GF 

GA 

Crtorada 

18 

8 11 

'47 

110 

93 

LOS Angeles 

Id. Id 

6 

34 

101 

97 

San Jose 

13 

18 

4 

30 

87 

98 

Anaheim 

12 

17 

6 

30 

BO 

107 

Edmtsrtan 

11 

17 

8 

30 

83 

103 

Vancouver 

11 

20 

5 

27 

103 

122 

Calgary ' 

10 20 

7 

27 

93 

111 

npBAars mans 



Montreal 




0 

0 I 

8-0 

Buffalo 




• 

1 i 

0-4 


1st Period: None. 2d Period: B-Amiette 8 
(Vanda. PkmW 3d Period: None. Suets on 
goal: M- 10-15-17-42. B- 11-54-^). 
GaaMK M-Maog- B-Haseh. 

New Jersey 1 0 3-4 

Detroit i • «-6 

1st Period: NJ. -McKay 11, 2, D-Udstram 
12 (Yiwpan, Murpftyl Oral. 2d Period: 
None. 3d Period: NJj-Ntettomxqcr 6 
(Gflraout Rcdston) (ppl. 4 D-Brown 8 
(Gdtobovrty, Dandenault) & NJ.- 
Medwmuyer7 (RaMoni GflAtaot) (pp).& IX 
Udstram l3 (Kbztou Brown) 7, D-Brown 9 
(GabbovsKT. Omxtenaa® ft N J.-Thomas 5 
(Hat*, McKay) (ppl.9, D-Brown 10 (Kotov) 
Starts m goab NJ.- B-9-14-0T. D- 10-10- 
12—32. GaaSss: Nj.-BrmJeur. D-Osgood. 
Pittsburgh 0 2 0 0-3 

Cohrada 0 3 0 0-3 

1st Period: None. 2d Period: C-Sakk 17 
(Deadmarriii Ozaftwh) (pp). 2, P-VUIk 2 
(Wright Moron) 3, P-, Otausson 3 (Fronds. 
Jran) 4. P-Bames 10 (Stegr, Jagri 5, C- 
Forsberg M (OtoSnsh, Ray) (DP), ft C- 
DtsKfanosh 1 1 (LenwtntOdgere) 3d Period: 
None. OietllaMr None. Sbeto eg geab P- 7- 
134-1-29. C- 6-15-144-39. C oat osi P- 
Boranao. C-Roy. 

Pftoenh 3 3 0—6 

Anohotai 8 0 2—2 

1st Period: Phoenix. PeBt 1 (Quint 
Roenick) (pp). Z Phoenix, Ttoxtmk IB 


(Roentck, Running) (pp). 3, Phoenix, Stoney 
2 (Toochefc Quint) (pp). 2d Ported: Phoenix, 
TXochok 19 (Gartoeo Gagnon) ft Phoenix, 
Ranting 4 (Roenick, ToaM) & Phoarix, 
ToocM 13 (Gartner, RaenldO (pp). 3d 
Pertorfc AJCrofya 4 CSetamw, Todd) (pp)- ft 
A-Sacco 4 (Culea Stevenson) Sbatooa god: 
Phoenix 10-10-13-32. A- 8-11-13 — 32. 
; Phoenix, Waite. A-SMa)enkov. 
unmxri nsuin 

0 0 0-0 
Phlladetobta 1 I 0—2 

1st Period: P-Brinrf Amour 14 (UnAa& 
Cattoyl (pp). 2d Pertwt P-Unboe 16 
(Coffey, BrimfAmbar) (pp). N Period: None. 
Shots an goab F- 6-34-14. P- 11-9-5-25. 
Gatotes; FVanbtosbroact P-Snaw. 

N.Y. Rangers 10 10—2 

Torapo Boy 0 0 2 0-2 

1st Period: New York, Stevens 9 (Gretzky, 
Leetdri (pp). 3d Period: Naim. 3d Period: T- 
Langkow3 (QccaraBL PooibO ft T-Seffvnnov 
6 (Yseboert Zorn oner) 4 New York, Sweeney 
9 OjaFontalne) Ovr im e . None. Shots on 
go* New York 17-9-13-2-41. T- 5-11-14- 
3—32. GeaBes New York. RteMer. T-Pnppa. 
Los Angolas 3 0 1—4 

Ddgwy 0 0 1—1 

1st Period: LA^BJaked (Perremilt Gcriteyl 
(pp)- 1 LA-Stumpet 10 (ZiooteK) ft LA.-, 
MarrayO (Blake. Norstnm) (op)- 2d Period: 
Nona. 3d Ported: C-Hutse4 (Ward Dtngman) 
ft Los Angetos, Perreault 17 (lopwitoRl 
(ea). Sbols on goal: LA.- 944-21. C- 1 M 1 - 
15-37. Geafies: LA.-Fhet C-TabaraccL 
Rotosan. 

NY Ida wtan 1 2 0-4 

Boston 1 2 0-3 

1st Period: B-Khrtsttch 11 (Van Inrpc, 
Carter) 2. New York, Chonke 6 (BertozzL 
SmaftrskO 2d Period: New York, Paffly 17 
CSmodnski Oxrrske) 4, New York, Green Tl 
(Refchet Board) (pp). ft B-. Ktotsttch 12 
(Sweeney, Carter) ft B-MdxrenJ (Sullivan) 
7. New York. Berhazt 6 (Johnson, SmoBnsM) 
(pp). 3d Period: None. Shots an goal: New 
York 843—30. B- 4-15-13—32. Gatotes: New 
York, Soto. B-Dafoe. 

WiatitogtM t 1 1—1 

Caroflaa • 1 0-1 

1st Period: None. 2d Period: Carol! no, Kran 
6 (Dtneen) 2. W, Bondra 22 (Oates) Csh).3d 
Prato* W-Kanowakhuk 3 (ZhttnOc, Bufls) 
Shots an geai: W- 10-12-3— 24. Careffna 10-7- 
8-25. GeaBes: W-Ranfant CaroBna, KkU, 
Burke. 

Ottawa 8 I 0-1 

Montreal 1 1 2—4 

1st Parted: M^avoge 7 CReaM, Kahu) 2d 
Prato* M-Savage B (Brtsebata, Bure) (pp). 
3, CUxmtbeitd (Bank, Daigle) 3d Mrio*M- 
Ructasky 11. (sh). ft NK Corson 13 
(Rodniky, ReocM) (pp). Shota on go* O- 
11-9-5-26. M- 15-11-10—36. GodteE O- 
Rhodes. M-Moog. 

Data 0 10 1-2 

Edmonton 8 10 6-1 

HI Period: None. 2d Pram* E-Marchant 4 
(Marchmonfc Undgren) 2. D-Langenbnimer 
17 (Hatcher) 3d Porta* Nona Overthne: ft 
O-Verire* 14 (Zobov. Reid) (pp). Hwh on 
gar* D- 7-7-10-1-25. E- 5-1 1-8-0-24. 
CgAfc D-BOfaur. E-Jaseph. 

Plltsbargh 8 8 1—1 

S- Loots 1 2 1-4 

1st Paria* SJ^-Yake 6 [Prong er, 
Duchesne) (pp)- Sri Praia* ftL-Omroy 3 
(Pelerin, Akheynura) ft SJ_-Courtnall 14 
(Turgeon, Yoke) 3d Praia* SJ_-Tiwgeon 4 
(McAtain&YakeJftP-Franctall (OtoassotL 
Jagr) (pp)- Starts ea gat* P- SM 0-1 3-32, 
Si.- 6-114-32. Gradies: P-Borauo. SJL- 
Fuht 

Tenato i 2 0-3 

Ptanh 1 0 1-3 

1st Petto* Phoenix, Dktodc 4 (Ronoing, 
Tocdiet). ft T4D«k 7 (McCautay- Srattb) 2d 
Perfa* T-Hendricksan S (KJQog, DaraQ ft 
T-Ctork 8 (Schneider. Johnson) 3d Prato* 

Phoenix. Gartwr 7 (TkacttaftRarming) tort- 

Shota w goat T- 10-11-7-28. Phaenta 6-7- 
14-27. Goahe* T-PaMru Phoenix, 
KhaKbufin. 

so 1 2 w 

Vaaconra o g 6-0 

1st period: C-Btadt 6 (Johnson SykoraJ 
(pp). 2d Porto* C-Lnoux 2 (Dabkuky) ft C- 
, Nalxrtmv 1 (Zhamnov, Chefos) (pp). 3d 

Perta* G4>oMnsky 2 (Amanteh Sutter) &G- 

Natrakov 2 (Owttoft Amonte) (pp). Shota at 
5^5: ' W^-25. v- ftftft-M. GaMks: C- 
HadMlt v-irht 


FOOTBALL 


NFL Standinos 



W L 

T 

Pet 

PF PA 

New England 

9 6 

0 

500 

355 277 

Miami 

9 6 

0 

500 

327 313 

N.Y. Jets 

9 6 

0 

500 

338 274 

Buffalo 

6 10 

a 

J75 

255 367 

Incflancpafis 

312 

0 

.200 

285 362 


CENTRAL 



y-Ptltsbuigh 

11 d 

0 

733 

366 29] 

y- Jacksonville 

10 5 

0 

567 

374 309 

Tennessee 

-7 8 

0 

567 

317 304 

BaHimre 

6 8 

1 

533 

312 329 

Ctadmafi 

6 9 

a 

500 

339 391 


WEST 



Jt-Kmsas Gty 

12 3 

0 

500 

350 219 

y-Denver 

11 4 

0 

733 

434 284 

Seattle 

7 8 

0 

567 

327 353 

Oakland 

4 IT 

0 

767 

315 399 

San Diego 411 

0 

■267 

MtM 

263 387 

CM 

EAST 

—I 



W L 

T 

Pet 

PF PA 

x-N.Y. Gksiti 

9 5 

1 

533 

287 258 

Washington 

7 7 

1 

-500 

292 257 

PftAodetptria 

6 8 

1 

533 

285 337 

Daflas 

6 9 

0 

500 

297 294 

Arizona 

312 

0 

J200 

254 353 


CENTRAL 



x-Graen Bay 

13 3 

0 

-813 

422 282 

y- Tampa Bay 

9 6 

0 

500 

268 248 

Detroit 

8 7 

0 

533 

3 66 296 

Mftnesata 

8 7 

0 

-533 

315 331 

Chicago 

dll 

0 

367 

248 390 


WEST 




c-San Frandsca 

13 2 

0 

M7 

366 227 

Atianki 

7 8 

0 

567 

294 332 

Carolina 

7 9 

0 

538 

265 314 

New Orleans 

6 9 

0 

500 

224 302 

St. Laois 

5 11 

0 

713 

299 359 


p-wan dMston Me 
y-cSndied ptayoff berth 

unmur-i msum 
Green Bay 31, Buffalo Zl 
St Louts 30, Cantina 18- 

- Coujeibe Bowl Game 


Oregon 41, Air Force 13 


CRICKET 


MKIMUAAVl.SOUnARIU 
FOUR BAY MATCH. 90 DAY 
■UNDAY M BmSBANE 

Sooth AtriCa: 458-9 told 114-3 
AushaBa A: 338 


BPtaf Engtohft 2ft Ponfrancci 14 
Toutouw, Francft 22, Bitoa France, 22 OT 
Brive won hav i ng soared 2 Mes to Tw- 
touse^ 1. meeds Bath in January 31 final la 
BartaoDL 

KUNSPSJUN CaMnHHCi 


Agrav France, lft Newcastle? 

European Confermwe. 

CotoraMen, Fr- 1ft Studte Franaab Fr- 13 


Holy 37, Ireland 22 


SKIING 


World Cup 


SATUROAT. W VAL DTSCm, RMNCC 
1. Yhro Nowen, Sweden , 1 mkwte, 32JB 
seconds (46.5*45 T9it Z. Deborah Com* 
pagnaiftitaM Idftfi (45,134739); 3. Utlka 
Hrovat Slovenia, 13181 ft 

HBde Gag, Ganwny^l 3284 (666546^7191; 
ft Zdt StoRtaft Aus&aBa 13114 (4643- 
4671); 6 Kristina KorakL UJ. 13336 
(463S473D; 7. SaWne Egger, Austria 
13337 641744743); ft Ingrid Sateeranaser, 
Austria 13331 (46294732); 9. Karin Ratal, 


Switzerland 133338 (46094744); lft Lrita 
Placard, Franca 13339 (463547.14). 
COMOOUD IVH(T 
WtSMEStMlTB DOWWOU. 

AND SATURDAYS SLALOM 
1 . Gerg, 335.1ft- ft Kat|a Seranger, Ger- 
many,, 3382% ft Martino ErtL Germany, 
3403ft ft Ftarence Masnada Franca 
34034; ft Antto Wachtap Austria 341.17; ft 
Ingeboig Helen Markov Norway. 1413ft 7 . 
Stefan le Wait Germany, 343.1ft 8. Moreno 
Gcttzkv Holy. 1433ft 9. Statonie Schuster, 
Austria. 14349; 10. Mkkni VogL Germany, 
3644.12 

■UUjom STAJiomas lAftra S*Maia): 
1 . Noma 1 8ft 2. Stogg A 14»3. Kazntcfc, 9tb 
6 HravaL Bft ft Gompagnoal «k ft Gerg, 79; 
7. Trine BaU>a Norway 67; ftOatHEa RiegiK 
60; 9. Martina Accota. Swflzeriand, 4ft 10. 
Rolen. 4ft . 

C OMBBlim lAltar 1 ■■■mja Gerg, 100 
pohtfs; 2. SeiztoBHi 80 ; ft Brit 6ft ft Ftoranoe 
Maramda, Franca 5ft 5. wachtec 4ft 

OVERALL tARar 14 Evrasta): l.Sehto- 
gep 83ft 2. Gerg. 65*3. ErtL49ftftAtexandni 
MetamHzea Austria 461; 7 . COmpagnotti, 
421 ft Isolde Kostner, Italy, 39& 7. Renata 
Gatschl Austria 361; 8. Nowen. 33ft’ 9. Plc- 
cord, 267; 10. Schuster; 230. 

mM’sauuttsuiiOB 

SUNDAY M ALTA DACHA. rTALV 
1. ChrisRan Mayor, Austria, 22097 
0*996-1:11119),- 2. Mkhael von Graanfflea 
SwRzeriand, 22140 (7:1611-1:1 139); ft Her- 
mrain Mater, . Austria 23133 0:10.13- 
1:1130); ft Stefan Eberhartea Aostrfa 
22130 O £9.93-1:1 1371; ft Hans Knausa 
Austria 23Z25 O:1032-l:ll.99);ft Stogftted 
Voglroiter, Austria, 23230 0:11X6-1:1145); 
7. Hdnr Schbdteggex, Austria 23237 
(1:12.14-1:1043); 8. Josef SkabL Austria 
23232 0:1037-1:1105); 9. Patrick Habra, 
Italy, 23232 0 : 1039-1: 11.93); lft KJetl An- 
dre Aanodb Norway, 23239 (1:1130- 
1:10.99). 

OlAltr SLALOM (Alter 4 md*|: I. 
Van Grunugan. 280 potato; ft Eborhcrtec 
23ft 3. Maier; 220; ft Mayra; 19ft ft Knaoss, 
14ft ft Stave Lodiec SwttoerioraL 141; 7. 
Aanodt I3&-8.UrsKoefln,Switz«tonai1ft 
9. Josef StraW, 108; 10. Hetot Schflchegger, 
Austria 107. 

OVERALL (After IS evrarteh l.Maira; 
489 potato; 2. EberhartK 396 3-VonGta- 
enlgm 39ft 4. Aamadt, 323; 5. StrabL 308; ft 
Maye6 232; 7. Andreas SdriffWBC Austria 
221; 8. Knaass, 22ft 9. Steve LocheK Swtbra- 
krad, 19ft 10. Lasse KJos. Norway; 19ft 


Confederations’ Cup 

SUNDAY H RTYADH. SAUDI ARABIA 
RNAL 

BnaBft AustraBat) 

TWW PLACE PUOWff 
ChcdiRepubfcl, Uruguay 0 


Awrare 4 Bordeaux 2 
Mnntpefltorl. RC Lem2 
BasflaftLyanl 
Rennes l, Paris St Granola 2 
Stnsbawg ft ToutavseO ' 
nwauius: Mdz 42 ponds.- Paris St 
Gornwin 4L- Morxra 41; Moreeifle 37; Lons 
37; AuxerreSft- Borderrox 32r Basda, Lyai 2ft 
Toulouse 2ft MantpcflteL Gutngamp 2ft- 
Narrias 23.- Le Havre 22: Strasbourg 21; . 
CMrieauroox 1ft Rennea Carita 17. 


Cemei Hibernian 0 
Dundee United Z St Johnstone 1 
Hearts Z Rtngers5 
KftnamockLAberfaenO 
Nathenreil 1 Danfenafne Attrirflc 0 
HtousanuitnUMui 
Aston VBIa 1, Soulharapton 1 
Bkidcboml West H«n D 
Derby a Crystal PatoMO 
Leeds 2, BoBanO 
Leleesterft Everton 1 
L/veipool 1, Coventry 0 
Sieffiaid Wednesday 1, Chelsea 4 
Tottenham 1 BarnstoyO 


Newcastle Untied ft Manchester United l 
■XANDMOSE Manchester U. 43 potato; 
Blackburn 3ft Chofsea 3ft Leeds 34,- Uverpaal 
31; Arsenal 3ft Derby 2ft Leicester Z7; New- 
castle 2ft West Hara 2ft Wknbtedon 2ft Aston 
VHta 2Z- Crystal Patoa Sheffield Wednesday 
2T; Southampton, Coventry. Bolton 2ft Tot- 
tenfiair lft Everton 17) Barnstey lft 


Bannsia Darimvnd Z Sdtatae2 
Amrinta Bktofsld Z Kartonrtrer SC 1 
Bayer Leverkusen ft VfB Stuttgart 1 
MSV Duisburg Z VT. Bochum 0 
FC KowraJautetn 1 FC Cologne 2 
VYL Wotfsbuig Z Bayern Munich 3 
I860 Munich ft Werder Bremen 1 
Ham burger SV ft Hama Rostock l 
Borusta. MoenchengkuflMKh 4 Horttw 2 
sruramasc FC Ko to e rata a tem 45 

patnts Bayern Munich 41; V1B Stuttgart 3ft 

Bayer Leverkusen 34; Schalke32i Hansa Ro- 
stock, MSV Dotebuig, Wfentar Bremen 2 ft 
VR. Wolfsburg Z7s Borusski Dortmund, 
Heriha Berlin 2ft Karisruher 2ft 
Moenchengtodbadto Arratafa Bietefeld 2ft 
I860 Munich 21; Hamburger SV, VIL 
Bochum, FC Cologne 20. 


Barf ft PJacraan 0 
Bresda 1, AS Roma 1 
Fl orentine 5, Akrionta Bergamo 0 
Juventus ft Eeftpok 2 
Lmlo ft Vicenza 0 
PramaZ Lecce 1 
Sampdoria 6 Nopoil 3 

Udhresal, InterMDreiO 
STANDfMOS; fitter AWan 30 points; J»- 
vertfwi 29; Udtaeae 26 Pqma 2S AS Ruina 
2ft Lazio 21; Fforenfina 2ft AC MBan, Sam- 
pdoria VPs Vkenro lft Brescia lft- Empaff 1ft 
Ptaceara, Bari lft Betogna Afatanta IT; Lec- 
ce 1ft Napoli 5. 


AthfratcBflbao ft Merida 1 
Cocnposteta ft Deparitva Coruna 0 
COfla Vigo ft Oviedo D 
Rodng Sankexter Z Real Betts 0 
Sporting Gtjon ft Valencia 3 
voDodoM ft Rate Zaragoza a 
Barcelona ft AtWfco Madrid 1 
muwwMMe Baraetona 40patatsr Reto 
Madrid 3ft Real Soefedad Cetta viga. Ath- 
teGcBltbcBi 31; Attofiao Madrid. 3ft Eepanal 
» Real Belts 2ft Maftorca. Real Zaragoza 2ft 
Racing Santander Ovfedo 2ft Vatandn 21; 
VOfladoHd 2ft Safaraanca, Merida 17) De- 
portteo Coruna. Compostela 16 Tenerife 14; 
SporltagGiionl 

DanreramaTMvtasoM 
VHessi Arnhem Z FCTwanle Enschede 1 
VoiertaanftNACBredaa 
FeyEnoontft Wffiem It TBburg 2 
A|ax AraEtHttom ft PSV Etattaoven 4 
Maastricht ft FClttracMO 
NECNirawen Z Sputa Rotterdam 0 
Daettndwmft FC Gron in gen 3 
Fortoao Sttard 1 Rada JC Kertauto 1 
cwMDntan A|ax 55 paints PSV Etnd> 
hoven 4ft VBesse Amhejn 3ft Heeremeen 
fti Feyenoord lft WBtem II TBtjurg 3ft Sparta 
Rattentam 27: Fbrtmw SWard 2ft NAC Breda 
2ft NEC Ntjmegen 2ft FCUtrecht2ft Rode JC 
Kerknde 2ft Twente Enschede 22r Dost- 
tachem 2ft FC Grmdngen 21; MW Maas- 
hldtf lft RKC Woalwfc IS VMandan 11. 

namm-nu 


AMGRRMNCJEJUNJN 

AMAHBii H craed George Hendrick ftst 

base coadLAgreed to toms with DH Ged 
netdecan 1-year eontraa. 

bALTixsoKE— Agreed to terms with DH 
HanMBaktesml-yeraciflihaeLDwtignat- 
ed3fi wiBsOtanKbrassfonmanL 
, BoSTorc— Sent RHP Tarry Annas Jf. to the 
Montreal to complete an Mo*. 18 trade fbr 
RHP Pedro Martinez. Named Dfck Pate 
bulpen coach- 

CHKACO-Dedlnedto offer 1998 cantraOta 

INF Narberto Marita. 

djEVGUUtix-Signed inf Jeff Branmv 

LHP Jasan Jaawne and RHP Steve Karscy to 
1 -year cHdrar^s Adraed ta terais wMi RHP 
Jeff Branson. RHP Ste ve Koregy and RHP 
Jason Jaeeaie an l-yaarandracts. 


KANSAS ciTY-Deeflned to offer 1998 cotv- 
tract to SS Qrtanda Miner. 

MIN NEsor4— Acqoired IB Steve Hacker 
fnran the Atlanta to complete SepL 2 trade for 
C Greg Myras. 

NBW yobb— A greed to terms with LHP 
Graeme Lloyd on 2-year comma and wilh 
OF Tim Romes and 38 Scott Broslus on 1- 
year contracts. 

OAKIAHO-Aflieed to trams w W iSS Rafael 
Boumlgai raid RHP Bitty Taylor an 1-year 
contracts. 

Seattle— Agreed to terms wtlh RHP 

HaathclfftSlocvmbon 1 -year contract. 

tampa— A greed to terms with LHP Scott 
Akfred, RHP Dave Eland; C Tim Laker, OF 
Ala Cabrera. OF Mathias Confflo, LHP 
Daniel Gartxry aid RHP Scott Lewis an I- 
yearcantrad5. 

TCXAS-Agreed to terms wtih SS Dominga 
Cedeno aril -year contract 
TDCAS rahcers— T raded SS Benff Gil to 
the Chicago tar RHPAI Levine and LHP Lony 

Thomas. Designated INF Norberta Martin tar 

assignment. Announced mar RHP Bobby 
Witt had accepted salary rabtirattorvAgreed 
to terras wtih C BM Hasefman on 1-year con- 
tract. Decltred to after 1 998 contracts In RHP 

Roger PavSk and RHP Wfcoa Heiwftj. 

Twrarno-taiutreri RHP Ttewr Schaffer 
tram atfcogo to complete an earlier trade. 
HATIWU6 l*AQUE 

CHtCAGO-Amounced they will not tender 
1998 contract la RHP Kent BottenfleM. 

COLORADO— Signed 2B Mike Lansing to 4. 
year contract. Announced mat LHP Mike 
Mimar accepted salary arbJtraflon. 

aounA-Traded INF Kurt Abbott to Ook- 
tand tor RHP Eric LudwidL 
Houstoh— A grned to term with LJlPMAe 

Masnotae an 1-year contract. Announced 

they wBnul tender 1 998 contr ucts to 3fl Sam 
Sorry raid OF Chuck Co m. 
wiJrAjHCEB-Agreed to terms with LHP 

S<Mt tot on ftyeor contract and with LHP 

Mike Myras an 2 -year contract.' 

. ■?5?I2f? -Troded 0F Bataand 

LHP Scott Comer to Florida far LHP Dennis 
Cook. Agreed to terms wttti LHP anon Bo- 
hano n.CTo dd Pratt and INF Luts Lopez on i- 
year contract. 

rhp 

iviCuK irUuvKhi C Ton Lorapktnand r rwi. 
nySheoffer to Inroor contract. 

UM FkAHCBCQ-Oectned to after 1998 

sssiSaStf^jS 

totems wtih c Bnan Johnson an 1 -rear a*. 

MHOIIAU 

IWnONAL BASKETBALL ASSOCIATION 

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FOOTBAU 

yew contrad extension. ^ * 4 ' 

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1,1 K'ijAv |: fc 


INTERNATIONAL HERALD TRIBUNE, MONDAY, DECEMBER 22, 1997 

SPORTS 


PACE 17 


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Prince’s Royal Showing 

Hamed Knocks Out Kelley to Retain Tide 


By Timothy W. Smith 

New York Tunes Service 

NEW YORK — He shimmied. He 
shook. And in die end. Prince Naseem 
Hamed rocked Madison Square Garden, 
and Kevin Kelley, in his American de- 
but. 

Hamed, the World Boxing Organi- 
zation featherweight champion, 
knocked out Kelley at 2:27 of the fourth 
round in a match dial was both a holiday 

celebration — complete with confetti. 

and a tough-man competition. 

Kelley (47-2-2) knocked Hamed 
down three rimes, but Hamed kept pop- 
ping up- Hamed (29-0, 27 knockouts) 
knocked Kelley down three times as 
well, and in the fourth round, he caught 
Kelley with a sharp left hook that 
knocked him oul Kelley, a New Yorker, 
tried to get to his feet, but he did not 
make it before the referee. Benji Es- 
taves. had counted to 10. 

Hamed, a native of Sheffield, Eng- 
land, who is wildly popular in Britain, 
declared a successful conquest of Amer- 
ica and again asserted that he is one of 
the best boxers in the game. 

“Yon saw the heart of a champion the 
way I came back,” Hamed said after 
Friday night's bout. “I took what I had 
to take and did what I had to do to win. I 
came to his hometown, I came to the 
lion’s den and still walked away with 
my title." 

On the undercard, Kennedy McKin- 
ney, a year out of rehabilitation to shed a 


ever. And the excitement generated by 
the smaller fighters evoked memories of 
when Sandy Sadler and Willie Pep 
wowed crowds at die Garden three de- 
cades ago. 

Kelley praised Hamed for his ability 
to help attract a good crowd to the 
Garden. 

Indeed, many of the fight fans there 
were in die aisles danring when Hamed 
put on Ms seven- mi nirfr. prefight dance 
routine. 


cocaine addiction, scored a stunning 
third-round ftyhnic?] knockout over Ju- 
nior Jones to take away Jones's WBO 
super bantamweight title. Over two 
rounds, Jones threw more than 200 
punches and decked McKinney twice, 
bmJanesappearedtorunoutafgas,aiid 
McKinney stopped him at 2:41 of the* 
third round Immediately after the fight, 
McKinney, still looking a bit unsteady 
from the beating he took, was trying to 
finagle a match with Hamed. 

framed will probably become a very 
hot property now dial he has beaten 
Kelley, one of the toughest fighters in . 
the featherweight division. Frank War- 
ren, Hamed’s promoter, said his fighter 
could go in several directions: a fight 
against McKinney or Arturo Gam. or a 
rematch against Kelley. 

Warren was very pleased that Hamed 
and the other featherweights on the card 
seem to be bankable fighters. The crowd 
was announced at 1 1,954, and Warren 
said the gate was $822,127, making it 




Mike 5cp»/Rn*-n 

Naseem Hamed entering the ring fbr his featherweight title defense 
against Kevin KeDey. Hamed rallied after being knocked down 3 times. 


Power-Play Goals Help Flyers Extend Streak to 7 


The Associated Press 

Rod Brind' Amour and Eric Undros 
scored power-play goals and Garth 
Snow stopped 14 shots as the Phil- 
adelphia Flyers beat the Florida Pan- 
thers, 2-0, to extend their unbeaten 
sneak to seven games. It was the fourth 
loss in five games for the Panthers. 

Snow was rarely tested on Saturday 
night as he registered his third career 
shutouL The host Flyers held the- Pan- 
thers without a shot for almost 16 
minutes in the second period. Phil- 
adelphia is 5-0-2 in its last seven games, 
and Snow is 3-0:1 during that stretch. 

Rangan 2, Lightning 2 Dairen Poppa 
had 39 saves as the Lightning and the 
Rangers played to a tie in Tampa Bay. 
After being outshot, 26-16, in the first 
two periods, Tampa Bay took a 2-1 lead 
in the third period on goals by Daymond 
Langkow and Alex Selrvanov. Tim 
Sweeney salvaged the Rangers’ 12th tie 
of die season when he scored on a wrist 
shot over Puppa's glove with 2:32 left 


(One* 4, FlamM i A Los Angeles 
defenseman, Rob Blake, bad a goal and 
an assist and Stephane Fiset made 36 
saves for visiting Los Angeles. Blake 
scored on the power play on a drive from 

MHI Kouhpup 

the blue line at5:01 . JozefStumpel made 
the score 2-0 at die 8:02 mane. Blake 
later fired a wrist shot toward the front of 
die net onapowerplay that Glen Murray 
tipped past goal tender Rick Tabaracci to 
make it 3-0 at the 13:36 marie. 

Capitals 2, Hurricanes 1 Steve 
Konowalcbuk scored with 3:50 left as 
Washington defeated host Carolina, 
breaking the Capitals’ six-game winless 
streak. 

Konowalcbuk, who had come out of 
the penalty box minutes earlier, scored 
just his third goal in 36 games. 

Mandats 4, Brains 3 Todd BertUZZi’s 
power-play goal with 14 seconds re- 
maining in the second period carried the 


visiting Islanders over Boston. 

Tommy Salo stopped 29 shots, in- 
cluding 13 in the third period, as the 
Islanders beat the Brains for the third 
straight time to stay unbeaten in their 
last four games. 

Ca nadians 4, S e nato rs 1 Brian Savage 
broke out of a slump with two goals and 
Andy Moog made 25 saves to lead host 
Montreal over Ottawa. Savage entered 
the game scoreless in his previous nine 
games, with only six goals in his last 28 
games. The Canadiens 1 coach. Alain 
Vjgneaolt, had promoted Savage to the 
first line with Saku Koivn and Mark 
Recchi last week, hoping to spark the 
struggling forward. 

Muss 4, Pngunis i Grant Fuhr made 
31 saves and Terry Yake had a goal and 
two assists as host Sl Louis ended Pitts- 
burgh’s six-game unbeaten streak. 
Pierre Turgeon added a goal and an 
assist for the Blues. The Blues’ check- 
ing line did its part by shutting down 
Jaromir Jagr, who had entered the game 


with 1 1 points in six games. Craig Con- 
roy got his third goal and helped limit 
Jagr to three shots. 

Stars 2 , Oilers 1 Sergei Zubov’s 
power-play goal at 1:07 of overtime 
lifted visiting Dallas over Edmonton. 

With Bryan Marchmem serving a trip- 
ping penalty, Zubov fired a shot fern the 
point that found its way through a screen 
in front of goalie Curtis Joseph. It was his 
fifth goal of the season. 

Blackhawfcs 5, Canucks O Jeff Hack- 
ed stopped 20 shots for his second 
straight shutout and Dmitri Nabokov 
scored twice in his NHL debut as Chica- 
go snapped a seven-game winless streak 
with a victory over host Vancouver. 
Nabokov, the Blackhawks' fust-round 
pick (19th overall) in the 1995 draft, 
scored once in the second period and 
again in the third. 

Mapla Loafs 3, Coyotes 2 Wendei 
Gaik scored a pair of goals to lead the 
Maple Leafs past the Coyotes in 
Phoenix. 


Nets Get a Little Respect, 
But Bulls Get the Victory 


By Jason Diamos 

Xm M Times Sen iir 

Respect It is something the New Jer- 
sey Nets are trying lo earn this season. 

They nearly did on Saturday at the 
Continental Arena against the reigning 
National Basketball Association cham- 
pions. The Nets had the Chicago Bulls 
in trouble. For three quarters, that is. 

But Michael Jordan. Dennis Rodman 
and Co. again proved to be too much for 
the Nets. Jordan had 24 points in 41 
minutes. Rodman pulled down 24 re- 
bounds. And Chicago erased a six-point 

NBA RotfNOUP 

fourth-quarter deficit with on 1 1-0 run 
en route to a 100-92 victory before a 
sold-out house. 

The game had the feel of the playoffs, 
where the Nets have not been in four 
seasons. Jordan had a couple of high- 
light-reel moves to wow the crowd. 
Rodman outdueled Jayson Williams on 
the boards (24-17) in a battle of two of 
the league’s premier rebounders. Keith 
Van Horn and Kerry Kittles showed 
why they are the Nets* future, scoring 20 
and 19 points, respectively. 

But when it came down to crunch 
time, Rodman was there. His uncon- 
tested tip of a long-range miss by Toni 
Kukoc with 3 minutes 45 seconds to 
play pushed the Chicago lead back up to 
five points at 84-79 when the Nets could 
have had a possession to tie. 

The Associated Press reported: 

Wizards 94, Raptors 92 In Toronto. 
Chris Webber scored 28 points and 
tipped-in a missed shot at the buzzer to 
lift Washington to its fourth straight 
victory. 

Pistons ns, 76«rs 78 Jerome Wil- 
liams had career-highs of 22 points and 


13 rebounds off the bench to lead host 
Detroit to a rout of Philadelphia. 

Hut 99. Hawks 92 Alonzo Mourning 
made his first start of the .season and 
blocked two of Steve Smith’s shots 
down the stretch jo help host Miami 
over Atlanta in a matchup of Eastern 
Conference leaders. 

paewsss, at*9te92 In Orlando, Chris 
Mullin and Mark Jackson scored 18 
points each and Indiana sewed 12 of its 
last 16 points from the foul line to hold 
off the Magic and win its sixth straight. 

rratbwwolwn 92, C Uppers 91 Kevin 

Garnett's tip-in with 5.8 seconds to play 
highlighted a dizzying final 1 1 seconds 
as host Minnesota edged Los Angeles. 

Lakers 109, Hornets 100 Nick Van 
Exel scored 1 1 points in the final 3:06 as 
Los Angeles gained its league-leading 
10th road triumph. 

Spur* ioo. Rockets 87 Avery Johnson 
scored a season-high 21 points as host 
San Antonio avenged its worst loss of the 
season, a 30-poim drubbing at Houston 
on Dec. 9. 

King* 89, Mavericks 88 Corliss Wil- 
liamson matched a career-high with 27 
points and Michael Stewart made a bey’ 
block in the final minute as Sacramento 
ended a nine-game read losing streak. 

Bucks 98, Kntcks 78 New York 
matched its season-low for points in a 
loss to Milwaukee, but a bigger loss was 
Patrick Ewing, who dislocated a bone in 
his right wrist when he fell. The Knicks 
said Sunday that be would miss the rest 
of the season after having surgery - 

Suns 102 , Nuggets si Steve Nash 
scored a career-high 20 points as vis- 
iting Phoenix handed Denver its seventh 
straight loss. 

SupsrSonics 108, Warriors 89 In 
Seattle, Dale EUis made the 1,500th 3- 
pointer of his career as the SuperSonics 
won their sixth straight gamc(/VJT. AP) 



in Gchn/Tbc Amanl Pi» 


Patrick Ewing grimacing after dislocating a bone in his wrist and tearing 
ligaments. The Knick center had surgery Sunday and is out for season. 


M&df ****" 


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Air Force Is Grounded 
In Las Vegas Bowl 

The Associated Press 

LAS VEGAS — Pat Johnson and 
Saladin McCullough stunned No. 23 
Air Force by scoring mi Oregon’s first 
two plays from scrimmage, sparking a 
string of big plays to lead the Docks to a 
do minating 41-13 victory in die Las 
Vegas Bowl. 

Johnson, the 1995 Pac-10 400-meter 
champion, scored on passes of69 and 78 
yards ami Tony Hartley caught two oth- 
er touchdown passes for Oregon, which 
dominated the first major bowl game of 
tile season from the opening kickoff on 
Saturday. 

The bowl season was only 1 8 seconds 
old when Johnson streaked down the 
jeftsideline to snare a pass in midstride 

Wnls { ^T^^*down on the** first of- 
fensive play of the game. 



M»lT-rriU/n» WirwirdVm- 


An Oregon receiver, Tony Hartley, watching a pass fall incomplete as an 
Air Force defender, Nishawn Smagh, right, dives for the ball in Las Vegas. 


Tar Heels Win in Conference Opener 


The Associated Press 

Top-ranked North Carolina had all 
the right answers for its first Atlantic 
Coast Conference exam. 

Antawn Jamison and Vince Carter 
each scored 22 points and Shammond 
W illiam^ made four free throws 

in die final minute as the Tar Heels beat 
No. 17 Florida State, 81-73, in the con- 
ference opener for both teams on Sat- 
urday night 

“I began to think with four or five 
piinirtes to go, and it was close, that even 
jf we did Jose, we learned some good 
lessons today,” said North Carolina's 
first-year coach. Bill Guthridge. “Of 
course you like to leant your lessons 
^hen you win.” 

North Carolina (12-0) turned to either 
Jamison or Carter almost every time it 
needed to repel a challenge from host 
Florida State. 

The Seminoles (8-2) made several 
fans, once closing the gap to 66-65 on 
•toty Thompson's pull-up jumper in the 
kufc'wuh 6:30 left But Carter’s reverse 
dunk and W illiam s’s fast-break lay-up 
pot North Carolina ahead, 70-65. Two 
{fee throws by Williams gave Noth 
Carolina a 77-73 lead with 53 seconds 
feft after Randeli Jackson’s lay-up had 
brought Florida Stale within two. 

**«> 2 Kmims 94, M«. Texas Chris- 
tian 78 Paul Pierce, found his shooting 
touch after missing seven of his first 
“ght shots and scored 28 points to lead 
dK host Jay hawks. 

*to-4ltMH«icky74 > TW»B3NazrMo- 

tammed scored four of his 17 points 
tiering a 17-0 run that enabled life host 
Wildcats to overcome a sluggish start. 

Ifcx 8 South Cmllna 77, St. Joupti’n 

88 B. J. McKie, playing on a bad ankle, 
scored 19 points, and the Gamecocks 
held visiting St. Joseph’s without abas- 


No. 7 Utah 89, Otegon St. 61 Michael 
Doleac returned to bis hometown and 
sewed 21 points as seventh-ranked Utah 
remained unbeaten with a victory over 
Oregon State in Portland. 

Mo. 8 Purduo 86, Mo. 10 Xavior 64 In 
Indianapolis, Brian Cardinal scored 
Purdue's final three points and came op 
with a big rebound in the final 
seconds. 

No. 11 IICU 73, Saint Louis 67 J .R- 

Henderaon scored J9 points and UCLA 
made 12 of 16 free throws over the final 
6:12 to snap the BiUikens' eight-game 
winning streak. 

No. IgCo nn o ctici it 93, ILC^Whdiv 

ton 55 In Hartford, Kevin Freeman was 
perfect from the field and the free- throw 


tine, scoring 16 points in a balanced 
attack for the Huskies. 

No. 14 Now Mexico 81 , Texas Tech 62 
Kenny Thomas scored 26 points and 
host New Mexico used a 27-6 tun to 
extend the nation's second-longest 
home-court winning streak to 32 
games. 

Rumen 72, No. is itomple 63 In Phil- 
adelphia. Geoff Billet and Rob Hodgson 
combined for 41 points and Rutgers shot 
48 percent from 3-point range to hand 
Temple its second straight loss. 

Mo- 18 Mississippi 106, Prairie View &9 

Joezon Darby scored seven straight 
points after Prairie View took its only 
lead, and the Rebels cruised from 
(here. 


Fielder Signs With Anaheim 


The Associated Press 

NEW YORK — Cecil Fielder has 
signed with the Anaheim Angels, Tim 
Raines has returned to foe New York 
Y ankees and Harold Baines has re- 
signed with the Baltimore Onoles. 

Fielder, 34, who made $7.2 million 
last season, was expected to take one 
of baseball’s largest pay cuts ever 
following a subpar season with the 
Yankees. He hit .260 with 13 hornets 
and 61 RBIs in 98 games, missing two 
months because of a thumb injury. 
Friday's deal with Anaheim was 
thought to be worth about $2 million 
guaranteed with more available in 
performance bonuses. 

Raines’s $L8 million option was 
declined by the Yankees last month 
and the team gave him a $200,000 
buyout. His new deal is a $900,000, 
one-year contract that contains the 
chance to earn $400,000 in perfor- 
mance bonuses. 

“If Tim Raines is healthy, he is a 


legitimate player,” the Yankees’ gen- 
eral manager, Bob Watson, said. 

New York also signed third base- 
man Scott Broshis, obtained last 
month from Seattle, to a $2J million, 
one-year contract and signed left- 
hander Graeme Lloyd to a $1.8 mil- 
lion, two-year deaL 

Baines, Baltimore’s designated hit- 
ter, agreed to a $1 . 15 million, one-year 
contract, tbe same amount as his base 
salary in 1997. He can earn another 
$625,000 in performance bonuses. 

“He provides us with a veteran 
left-hanaed bat and he has always 
proved to be a very positive influence 
in foe clubhouse,” the Orioles’ gen- 
eral manager, Pat Gillick, said. 

Among the 20 free agents offered 
salary arbitration by their former 
teams on Dec. 7. just two accepted 
before Friday’s midnight deadline: 
The Rangers' Bobby Witt and the 
Rockies’ Mike Munoz. Both players 
are pitchers. 


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PAGE 18 



MONDAY, DECEMBER 22, 1997 


World Roundup 



W 


Brazilians celebrating one of 
their six goals against Australia. 

Brazilians Romp 

SOCCER Ronaldo and Romario 
scored three goals apiece as Brazil 
demolished Australia. 6-0. in the 
Confederations Cup final on Sun- 
day in Riyadh. 

The match degenerated into a 
one-sided exhibition after Aus- 
tralia's Mark Viduka was sent off 
for a late challenge to Cafu of 
Brazil midway through the first 
half. Australia had lost only once 
under Coach Terry Venables in 18 
previous matches, but Brazil com- 
pletely dominated on Sunday with 
its quick passing and move- 
ment. (AFP) 

• Clive Barker resigned as 

coach of the South African soccer 
team after its dismal performance 
at the Confederations Cup. Barker 
said his resignation was effective 
immediately. (AP) 

• Iran has picked Vaideir Vi- 
erra of Brazil to coach the national 
team in next year's World Cup, 
Tehran radio reported. (AP) 

Help! Man Overboard! 

yachting The Australian sail- 
or Alby Pratt spent a frightening 
seven minutes in rough seas on 
Sunday after falling overboard 
from ius boat. Innovation Kvaem- 
er, during the Whitbread around- 
the-world race in die Bass Strait 

Pratt, the bowman on the Nor- 
wegian entry, was on the fbredeck 
in the middle of the night changing 
sails when he fell overboard. The 
boat was plowing through waves 
that had been roiled up by 25-knot 
winds on the tough strait between 
Tasmania and mainland Australia. 
The skipper, Knut Frostad, im- 
mediately threw his crew into its 
man-overboard routine. Despite 
die darkness and weather condi- 
tions, the crew managed to pick up 
the bowman in just seven 
minutes. 

Innovation Kvaemer is the over- 
all race leader, but currently in 
third place on the Fremantle-to- 
Sydney leg of the race, behind two 
Swedish boats. EF Language and 
Swedish Match. (Reuters) 

From Worst to First 

SKI JUMPING Masahiko Harada 
of Japan went from worst to Hrst in 
just 24 hours, claiming his third ski- 
jumping World Cup victory of the 
season on a 120- meter hill Sunday 
in Engelberg, Switzerland. Harada, 
who one day earlier could do no 
better than 50th on the same hill 
and failed to qualify for the second 
round, produced jumps of 117.5 
and 123.5 meters, scoring 236.8 
points to win and take the lop place 
in the overall rankings from Dieter 
Thoma of Germany. ( Reuters ) 

Parry Wins by 3 Shots 

golf Craig Parry carded a final 
round of five-under-par67 on Sun- 
day to record a three-shot victory 
in the Coolum Classic in Brisbane, 
Australia, the last ranking event in 
the world this year. Parry had a 72- 
hole loud of 12-under-par 276 to 
finish abend of a fellow Australi- 
an, Robert Allenby. (Reuters) 


Giants Bestow the Coup de Grace 

New York Romps Over Cowboys for Undefeated NFC East Record 


The AsMnniml Pres* 

The Dallas Cowboys’ worst year 
since 1989 came to u merciful con- 
clusion on Sunday as the New York 
Giants recorded the NFC East's first 
unbeaten season. 

Dallas, winners of five consecutive 
N FC East titles, crashed to a 6- 1 0 record 
with the 20-7 loss, placing Coach Barry 
Switzer's job in jeopardy. 

The Cowboys’ owner. Jerry Jones, 
said he would decide in late January or 
February about Switzer's future. The 
team’s offensive coordinator, Ernie 
Zampese, said he expected to be fired. 

The Giants, completing the worst to 
first transition under rookie coach Jim 
Fassel, go into the playoffs with a 10-5- 
1 record and will be at home Saturday 
for a wild-card game against a team yet 
to be determined. 

New York was 7-0- 1 in the NFC East 
with the only blemish coming on a 7-7 
tie with (he Washington Redskins. 

Danny Kanell threw a 2 1 -yard touch- 
down pass to Chris Calloway, Rodney 
Hampton scored his 49th career touch- 
down on a I -yard run, and Brad Dal u iso 
kicked field goals of 28 and 42 yards in 
the first half against the hosr Cowboys 
as the Giants built a 20-0 lead. Hampton 
surpassed Joe Morris as the Giants' ca- 
reer rushing touchdown leader. 

Dave Brown took over for Kanell in 
the second half and fumbled his first 
snap, which Fred Strickland recovered 
at the New York 20. 

Emmitt Smith scored three plays later 
on a 4-yard run. New York substitutes 
were liberally sprinkled through the 
lineup in die second half. 

Bmgab 16, Ravens 14 Boomer 
Esiason carried his late-season resur- 
gence through to the finish, leaving the 
Baltimore Ravens to finish in the only 
place they've ever known — last place. 


Esiason threw an 8-yard touchdown 
pass on the game's opening possession 
and found Damay Scon uncovered for a 
77-yarder in the closing minutes, giving 
host Cincinnati the victory. 

The loss left the Ravens (6-9- 1 ) in last 
place in the AFC Central, where they've 
finished each of their two seasons since 
Art Model! moved his team from Clev- 
eland. 

Esiason had his least-impressive per- 
formance of 1997, bul came through 
with two big plays. He threw an 8-yard 


NFL Roundup 


TD to Marco Battaglia on the game’s 
opening series, setting it up by com- 
pleting his first five passes. 

The 36-year-old quarterback pulled 
off a sleight-of-hand trick in the closing 
minutes that decided the game. He faked 
a handoff to Corey Dillon, rolled left 
and found Scott well beyond the fooled 
secondary. Scott took the ball in stride at 
the 35-yard line and went in untouched 
with 3:41 left Overall, Esiason com- 
pleted 2 1 of 34 for 254 yards. 

Redskins 35, Eagles 32 The COmer- 
backs, the only steady group in a wildly 
inconsistent season for the Washington 
Redskins, came through one last time to 
keep the team’s playoff hopes alive. 

Darryl Pounds and Darrell Green 
scored early touchdowns to give the 
host Redskins a 14-0 lead in Sunday’s 
victory over Philadelphia. 

The Eagles (6-9-1), though elimin- 
ated from the postseason hunt last week, 
kept it interesting, scoring on Charlie 
Gamer's 1-yard run with 6:41 to play 
and adding a 2-point conversion. But a 
74-yard kickoff return by Brian 
Mitchell set up Michael Westbrook's 7- 
yard TD reception to give the Redskins . 
another cushion. 


Philadelphia came back again with a 
14-yard TD catch by Freddie Solomon 
with 1:09 to go, but (he Redskins re- 
covered the onsidc kick. 

Chiefs 25 , Saints is The Kansas City 
Chiefs looked sharp in just about every 
way but one — at quarterback. 

And that could be a big worry for the' 
AFC West champions as they head into 
the playffs with home-field advantage, a 
six-game winning streak and a question 
at quarterback. 

Elvis Grbac, in his first appearance 
since breaking his left collarbone six 
games ago, went 5-for-14 for 51 yards 
as the host Chiefs (13-3) beat the 
turnover-prone New- Orleans Saints 25- 
13 Sunday. 

New Orleans (6-10), which won four 
of its last seven, dropped two sure-fire 
interceptions before Rich Gannon re- 
placed Grbac late in theihird period. 

Bucs 31, Boar* is The Tampa Bay 
Buccaneers tuned up for their first post- 
season appearance in 15 years in grand 
style. 

Karl Williams zigzagged upfield to 
score one of his two touchdowns on a 
61 -yard punt return and Warrick Dunn 
topped 100 yards rushing for the fifth 
time as the host Bucs clinched home- 
field advantage for the first round of the 
playoffs with a 31-15 victory over the 
Chicago Bears. 

Trent Dilfer, one of an NFHeadiug 
seven Bucs headed to the Pro Bowl, 
scored on a 7-yard run and threw his 
21st TD pass of the year to set a team 
single-season record. 

The Tampa Bay defense also did its 
part causing three turnovers and having 
three sacks of Bears quarterbacks Erik 
Kramer and Rick Mixer, who replaced 
Kramer after the Chicago starter 
sprained his left shoulder in the third 
quarter. 



The Packers’ Robert Brooks pulling in a Brett Favre pass for a iung gain. 


In games played Saturday: . 

Packers 31, Bids 21 Brett Favre was 
slow getting up-after he was decked on 
his first pass, but he bounced back to 
throw two touchdown passes as Green 
Bay beat Buffalo at Lambeau Field. 

The Packers (13-3) kept their mo- 
mentum going for die playoffs. 


Rams 30, Panthers is The Rams 
ended their first year under coach Dick 
Vermeil with a victory over the error- 
prone Carolina Panthers in Charlotte. 
North Carolina, giving St. Louis three 
victories in its last four games. 

“I’m really proud of them." Vermeil 
said. 


Love Him or Hate Him, Almost Everybody Respects Coach Parcells 

By Mike Freeman 


New York Times Service 

N EW YORK —This is Bill Par- 
cells: The New York Jets had 
just won a tough game against 
the New England Patriots in October. 
But the celebration was tempered be- 
cause linebacker Pepper Johnson had 
ruptured a tendon in his leg and was 
going to miss the remainder of the 
season. Johnson had been with Parcells 
for six years, on the Giants and now the 
Jets, and their relationship was almost 
like that of a father and son. 

With the injured Johnson sitting on a 
table in the training room, Parcells 
crowded the team around the lineback- 
er and proceeded to heap praise on him. 
Those present say Parcells bad tears in 
his eyes as he spoke, and some see that 
moment as one of the truly unifying 
ones for a Jets team that has gone 
further than almost anyone thought it 
could. 

And this is Bill Parcells: Bob Kratch 
retired recently after spending 10 pro- 


ductive years in the National Football 
League as an offensive lineman, almost 
ail of them with Parcells as his coach, 
first with the Giants and then with New 
England. Last year, while playing for 
Parcells on the Patriots, Kratch spent 
nine days in tire hospital because of 
pneumonia and a staph infection. The 
290-pound (1 31 kilogram) player lost 
25 pounds, was being fed intraven- 
ously and missed eight weeks of the 
season. 

Kratch came back in December and 
was understandably rusty, but that 
didn’t matter to Parcells. When Kratch 
made a mistake during one of his first 
practices back. Parcells, in front of the 
entire team, barked, “Kratch! Stop 
worrying about your lungs!” 

“I think, to put it in a nutshell. Bill 
has two sides, and both of those sides 
are the reason the Jets are winning,” 
Kratch said. “He did a lot of good 
things for me and I truly respect the 
guy. On the other hand, sometimes it 
was impossible to play for him. You. 
win with him, like the Jets are doing. 


but he could be the nastiest person you 
ever met" 

Parcells’ life has come full circle this 
year. Having won two Super Bowls 
with the Giants, having lost a third, 
with the rebuilt Patriots, in just his 
fourth season there, he returned to New 
York this year and has engineered one 
of the most dramatic turnarounds in 
league history. 

A team that went 1-1 5 a year ago has 
improved to 9-6 and would qualify for 
the playoffs with a victory over Detroit 
Sunday afternoon. Remarkable, in- 
deed. And just about all of the credit 
goes to the 56-year-old Parcells. 

The question is: How did he do it? 
The answer by being Bill Parcells. 
Both of him. 

He can be loyal, brilliant, passionate, 
caring and uncomplicated. All of those 
qualities have helped him make the Jets 
into instant winners. Parcells once gave 
a gift worth tens of thousands of dollars 
to a friend .who helps him get com- 
mercial endorsements. When one of 
the reporters who covered the Giants 


years ago had a serious heart operation, 
Parcells called him several times to 
check on him. He was known for being 
particularly kind to the janitorial staff 
at Foxboro Stadium when he coached 
the Patriots. 

The list goes on. He clearly has a 
compassionate side, but not many 
people get to see it. When that side 
emerges, as it did on the day Johnson 
was injured, it can have a powerful 
impact. 

• T have a veiy high regard for him as 
a person.” said Ron Wolf, general 
manager of the Green Bay Packers, 
who is a close friend of Parcells. “He is 
one of the finesr people I have ever 
met." 

B UT the same Parcells can be 
bullying, manipulative, nasty 
and extremely complex. Often 
this season he has screamed at Jets 
players and coaches and other mem- 
bers of the organization, belittling them 
in what he no doubt saw as an effort to 
get the most out of them. 


That he would rule by fear comes as 
no surprise to Patriots' officials, who 
say few were safe from his acerbic 
outbursts in his four years there and 
that toward the end of his reign, most of 
the people in the organization, includ- 
ing the secretaries, were terrified of 
him. In one instance. Parcells threw 
iced tea at a Boston writer who asked a 
question he didn't like. (Parcells later 
apologized.) 

“He did a lot for me. but I don't 
mind saying he's not the nicest guy in 
the world." Kratch said. 

In the end. Parcells has been hard on 
the body and mind of the Jets, but if he 
hadn't been so tough, does anyone 
think the Jets would have become win- 
ners so quickly? That's the Parcells 
cycle. A winning cycle. 

“He's as good a coach as this league 
has ever seen." Kratch said. "No doubt 
in my mind the Jets will win every year. 
It's not always fun with him, bui when 
the Jets win the Super Bowl in a few 
years, and I think they will, the players 
will dunk it's all worth it.** 


Austrians Rule the Course 


CtMiaWhyOnr5»tfFmn Dafwtrhn 

ALTA BAD1A, Italy — Christian 
Mayer’s four-year victory drought 
ended Sunday when the Austrian won 
only the second World Cup event of his 
career, edging the Swiss specialist Mi- 
chael von Gruenigen in a giant slalom. 

Mayer had to battle a damaged, tricky 
course, beat a world champion and fight 


Wokid CupSkiino 


off the strongest team on the men’s 
World Cup ski circuit — his Austrian 
teammates — to win the race. 

Mayer, the leader after the first leg. 
won in two minutes 20.97 seconds to 
von Gruenigen’s 2:21.40. 

Mayer led another impressive show- 
ing by the Austrians, who took seven of 
the lop eight places. The Austrian men’s 
team also swept the five top places in a 
World Cup downhill at Beaver Creek, 
Colorado, last month. 

Mayer's only previous World Cup vic- 
tory came in December 1993 at Val d’ls- 
ere, France, when he won, a giant slalom 
and von Gruenigen finished third. 


“I knew I had to put in a good per- 
formance here because our team is so 
strong and there's a battle for places,” 
Mayer said. 

He said the second leg of the race was 
difficult because of the condition of the 
course. 

"It was full of ruts and holes, and I 
made a lot of early mistakes." Mayer 
said, “but I just kept my concentra- 
tion.” 

Hermann Maier, fourth at the halfway 
stage in Sunday's race, had a swift second 
run to finish with a combined time of 
2:21 .63. Maier seemed certain to fall near 
the finish but kept his balance to claim 60 
points and remain at the top of the World 
Cup’s overall standings. (AP. Reuters) 

■ 2 Downhills Rescheduled 

One of two World Cup downhills can- 
celed Saturday because of bad weather in 
Val Gardena, Italy, has been rescheduled 
for Dec. 30 at the Italian resort of 
Bormio, The Associated Press reported. 

The other canceled downhill will be 
added to the World Cup program in 
Wengen, Switzerland, in January. 






■ • ■■ 





Christian Mayer of Austria hurtling his way to a victory Sunday in the mens giant slalomTn AtoBadii 



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