Skip to main content

Full text of "International Herald Tribune , 1997, France, English"

See other formats



'• - r 



The World’s Daily Nenspapei 


Paris, Monday, February 3, 1997 


of Chirac 

With More/Than 5 Years Left in His Term , 
Presidentand Nation Are Out of Touch 

By J 0 hn Vinocur 

Interregional Herald Tribune 

l? v * k ; 

- . 

I tv ,* 5 ; • 


: ••• 

jT / . . . j 


j •' 


, r ; .. 



PARIS 7 -^JEroin about 330 to 4:30 
P-M. one gjtey smudge of a day last 
week. Preshpent Jacques Chirac spent an 
attentive hotar looking over shoulders at 
computer screens in a youth job-place- 
ment center in the Paris suburb of 

. Yoeujg men from l’Eeole Polytech- 
niqotf, the engineering school that is one 
of France’s educational glories, were 
helping the job-seekers search the elec- 
tHteic want ads, an elite- meets- the street 
; ' juxtaposition seemingly extracted 

Klaus Lauds 
Czech Success: 
Strong Growth, 
Plenty of Jobs 

By Jonathan Gage 
and Alan Friedman 

(niernatianal Herald Tribune 

DAVOS, Switzerland — For seven 
years now, there has been no budget 
deficit in Vaclav Klaus's comer of 

A restructuring of the Czech Repub- 
lic's economy has kept labor costs low, 
mid — fartrom bringing strikes, demon- 
strationsaiKllaborunrest — has ushered 
in strong economic growth. 

The only thing keeping the economy 
from expanding even more rapidly {him . 
i ts recent 5 percent annual rate, in feet, is 
a lack of workers, Mr. Klaus, the Czech 
; minister, -said in an interview, 
lent, he said, stands at a 
mere 32 percent = _ ■ , .-v 

-Could - this really '' be.' Enrobe in - 

1997? ' ' 

It is indeed Europe, though not the 
Europe of the rich West, where more 
than lOpercent of workers cannot find a 
job as the Continent battles record un- 

• President Enul Constantinescu 

outlines Romania’s^ 

1L »In Tuesday’s IHT, 

Ateksander Kwasniewski describes 
Poland’s significant job growth. 

employment. Rather, it is die Europe of 

■■ ■■■■■mii* fVaAk DmnUtA and 

whole from a presidential j 
tunixy manual. Television boom micro- 
phones quivered, and Mr. Chirac, re- 
laxed and ruddy, pronounced the 
occasion, as planned, the start of a “cru- 
sade” against youth unemploymenL 

But the event had a disconcerting 

bow it migbtbe a goocTkljM^f^ young 
people to consider looking for jobs out- 
side France. The French did not go out 
into the world enough, as the German 
and Italians did, he went on. 

In the manner of a doctor acknow- 
ledging that not eveiyoneiu the ward 
would be better by Faster, Mr. Chirac 
said softly, “We’re not going to find the 
200,000 new jobs a year we seed here 
for oar young people.” Within a few 
minute s, there w e re fa rewells andgood- 
luck wishes, and the president was 

Honest, human, nice — but inad- 
equate, the polls keep reporting. With 
more than five years to go in Mr. Chir- 
ac's seven-year term, the view seems to 
have become embedded in French pub- 
lic opinion that he is at best a middling 
president, a decent man who does not 
avoid bad news but has given only 
vague signs of being able to do anything 
about it. Criticized as a concerned yet 
ineffectual leader, Mr. Chirac may run 
the risk at this stage of his term of being 

See CHIRAC, Page7 

Europe and Japan 
Are Guaranteeing 
$5 Billion in Loans, 
Tehran Reports 

Iran’s Central Bank Chief Hails 
Cooperation From ‘ Partners 
Citing Failure ofU.S. Sanctions 

By Alan Friedman 

International Herald Tribune 

Domri Sokolov/Aprur hnrlVw 

TALKS ON NATO — President Boris Yeltsin of Russia and President Jacques Chirac of 
France during their meeting Sunday at Novo Ogarevo, near Moscow. Afterward, Mr. 
Chirac sounded hopeful that an accord with Russia on NATO enlargement could be struck 
before the alliance’s summit meeting in July, when new members are expected to be 
named. Mr. Chirac, the first Western leader to see Mr. Yeltsin since he was hospitalized 
with pneumonia on Jan. 8 , found the Kremlin chief to be alert and in good form. Page 5. 

Lake Lobbies the Inside Crowd 9 for CIA Job 

By JR. Jeffrey Smith 
and Walter Pincus 

Washington Post Service 

WASHINGTON Several dozen active, 
and retired officers from the CIA’s Africa di- 
vision were surprised at a private luncheon 
three weeks ago when an uninvited guest ap- 
peared at the door: Anthony Lake, President 
! CSateto^ director of certtftJ^ 

l ofrenowned reserve— not , 

A public' i 

widely regarded as the gate-crashing type_— 

them of ^^Sgoness to start work at ' the 
agency. He planued».he said, to stay in the job 
for four years, efftptiyeiy ending the rapid 

turnover that has brought the agency five di- 
rectors in the past five years. 

Mr. Lake’s 30-minute sales pitch on various 
intelligence topics, including what he described 
as the need to strengthen the agency's Dir- 
ectorate of Operations, was yea another whistle- 
stop in the administration’s carefully drches- 
trated campaign to transform potential skeptics 
around Washington into believers that Mr. 
lufceis'tbe right man for the CIA. . f 

■^The all-out lobbying effort reflects k well- 
founded White House anxiety that of all of Mr. 
Clinton’s second-term nominees, Mr. Lake 
faces what could easily be the most grueling 
and contentious congressional review. 

Unlike Madeleine Albright and William Co- 
hen, who sailed through their hearings to take 

the top U.S. diplomatic and defense jobs, Mr. 
Lake is expected to bear the brunt of Re- 
publican complaints about the record and di- 
rection of Mr. Clinton's national security 

This was probably inevitable, given the key 
role Mr. Lake played, in formulating the ad- 
ministration's policy toward Bosnia-Heizego- 
vina~ — including the decision in 1995 to real 
the peace accord and deploy U.S. troops there 
— and his strong hand in organizing the use of 
American troops to re-install President Jean- 
Bertrand Aristide of Haiti in 1994. Both 
policies attracted sharp Republican criticism. 

Senator Richard Shelby, Republican of 

See CIA, Page 9 

DAVOS, Switzerland — Despite U.S. anti-terrorism sanc- 
tions, Iran has managed to obtain offers of more than $5 
billion in government-backed loan guarantees from Europe 
and Japan over the last 1 8 months, according to the governor 
of Tehran's central bank. 

Mohsen Nourbakhch, Iran's central bank chief, said in an 
interview here that Tehran already had used $2.7 billion of 
credits, much of these since the middle of last year, to help 
finance some 50 projects. 

The new credits, he said, were being used for projects in the 
energy, power generation, railroad and other infrastructure 

“Despite all the pressures from U.S. sanctions, we have 
succeeded in reopening credit lines,” he said. “There was 
some hesitation at first, but no more." 

In addition, be said that the export loan guarantee agencies 
of Germany, Japan, Italy, France, Spain and other countries 
also had helped Tehran to reschedule a total of about $22 
billion of debts. This has taken pressure off Iran, helping it to 
sharply reduce its loon repayment obligations in the short 

“We have faced two major problems,” Mr. Nourbakhch 
said, “and these were the composition of our external debt 
stock and getting fresh credit lines. We have succeeded in 
both, and all of this success was in a climate where all factors 
were against us.” 

He attributed the success to cooperation from “our Euro- 
pean and Japanese partners, who are completely different in 
their attitude from the United States.” 

“Finally we are on (he right track,” Mr. Nourbakhch said. 
“With all the unemployment here in Europe,” he added, 
“they need to do business with Iran, and we are ready to do 

Mr. Nourbakhch was especially critical of the U.S. Iran- 
Libya Act, which was sponsored by Senator Alfonse D’ Am- 
ato. Republican of New York, and signed into law by Pres- 
ident Bill Clinton in August But be said Tehran was none- 
theless working hard to continue its program of economic 
reforms, to bring down inflation and to attract more foreign 
investment especially for projects in the energy sector. 

Washington’s sanctions, which allow the U.S. to penalize 
foreign companies that invest more than $40 million each year 
in ban's oil and gas industry, follow long-standing U.S. 
accusations of Tehran's support for internal! onal terrorism. 
Hie D’Amato legislation has been criticized in Europe as 
representing an attempt at extraterritorial U.S. legislation. 

See IRAN, Page 9 



k t «*» 





£. t .■• 1 " " 

ofPrague’sfourntighbrasm the Central 
European Free Trade Agreement 
Economic growth m _ the group’s 
members — which also include Hun- 
gary, Poland, Slovakia and Slovenia— 
coukl quite likely reach 5 percent this 
year, economists say. 

“There is no economic law that says 
the fester you go in restructuring, the 
more unemployment you have,' r said 
Mr. Klaus, an economist and former 
finanbe minister. "On the contrary, the 
slower you go, fee higher it is.” 

Mr. Klaus, at a gathering here of 

Europe for its slowness in dis- 
mantling what he called the “ over-reg- 
ulated and over-paternalistic welfare ■ 
state.” - 

His bullish attitude on ^ Re- 
public’s drive to create an entrepren- 
eurial miuket economy was echoed here 
fay other East European officials tal k in g 
about their own countries. 

Yet for all its. credentials, fee Czech 
Republic has far from fee brightest pros- 
pects feis year among countries in fee 
region, many economists say. That bon- 

S*e KLAUS, P»ge 7 

K K ?' 

• ’ •/ ’ 

Euro: Votes Are In? 


Bankers and investors are weigh- 
ing "in an the future erf the angle 
■ European currency before it is 
fatfeafad, as German bankers pre- 
" dieted nirmnfl in worid financial 
markets if Italy and Spain joined in 
- thefirstrouricL The 
bank, mean while, is expected to 

, 1 

- -'-7- 

- ^ ' 

* r * * V 

: ffT 

- steer a moderate and inflep«dent 

’«**■ K ; 

«•* _i . : 

fr . 


eufo-denontinated bonds. Business 
and finance. Pages 11, 12, 16. 

. ... ... 

Nftwastand Prices : — 4 — 

r * . 
^ ■ 

Andorra -.^..lOOUFF — - LL |“° 

Araks — • 12J50FF 

Camaioon JBJ0CFA Qatar — -'MpJSE 

Egypt ee iso Munk ^ “SS? 

font* 10.00 FF. Sw«Aratfa~i0.WR 

Gfeon.^tiOOCFA Sanegal — L 1 MCFA 

awe.. -350 Dr. JPjUj-Jgro* 

Stay *..2,800 Lire TunWa “J. 

toy Coast. 1^50 ^ 

Jain „. 1550 JD U& MS. 

Jafca OBnlAfMKC tavta 

RECALLING ‘BLOODY SUNDAY 5 — Victims 5 relatives marking 
the 25th anniversary Sunday hi .Londonderry, Northern Ireland. 
The IRA political leader, Geriry Adams, who attended the ceremony, 
denied a report he had sought the death of a political rivaL Page 7. 

Bulgarian Coalition Talks Rejected 

SOFIA (Reuters) — A fresh offer 
by fee governing Socialists for talks_ 
about a new coalition. was rejected 
Sunday, and fee party now appears 
ready' to form an aU-Soci&list cabinet 

< * C Woth ^feemafo^jposition Union of 
Democratic- Forces - and President 

Pakistanis to Vote 

Former Prime Minister Benazir 
Bhutto of Pakistmrweatedl»dranals 
of graft in her tfismissed gove r n m e nt 
as eamp aigningetMiedfOT national and 
provincial Sections Monday. . 

Speaking in fee tote turf of two of 
her chief rivals, she cited the lack of 
prosecutions .of members of her gov- 
ernment as exoneration. “They are 
admitting feat there’s no evidence of 
corruption.” Page 4. 

. Petar Stoyanov refused to join in talks 
. unless the Socialists first gave back 
fee irumriate to form a new cabinet 
they received last week. 

The leader of .fee Socialist Party. 
Georgi Parvanov, said feat if his offer 
were rejected die party would appoint 
a new cabinet Monday afternoon. " 

MOETWO .. . 

Shattered Dreams in Albania 


Aid for Crime Victims- 

Page 3. 


Peru Standoff Continues 



Crossword.. . ; i,--. 

_ Page 9. 

kmautkuml ftinuMirf 

Pager a. 

Netanyahu Talks of New Start in Mideast 

By Anne Swardson 

Washington Pori Service 

DAVOS, Switzerland — Prime Min- 
ister Benjamin Netanyahu of Israel 
agreed Sunday to make his first official 
visit to Cairo in the spring and to meet 
later this week wife Yasser Arafat, pres- 
ident of fee Palestinian Authority, to 
discuss the Middle East peace process. 

Both developments, agreed to here at 
l he annual meeting of the world's most 
influential business leaders, were seen 
as a positive sign for the troubled Middle 
East region after violence last fell badly 
eroded Arab-Israeli relations. 

The meetings between leaders Sun- 
day produced no progress on another 
contentious issue — the restarting of 

talks between Israel and its Arab neigh- 
bors Syria and Lebanon. President 
Hosni Mubarak of Egypt, who has 
played a middleman role, said he could 
not pressure the two Arab states to begin 
negotiations or even push the Pales- 
tinians to cooperate more with Israel 
“when there is violence against fee Pal- 
estinians.” He said, “Our people are 
sympathetic when they see bad treat- 
ment of tiie Palestinians cm CNN.” 
[Mr. Netanyahu said, however, that 
be was looking for a way to get Pres- 
ident Hafez Assad of Syria to resume 
talks with Israel, The Associated Press 

'President Assad has said that peace 
is more important for Syria than it is for 
Israel,’ ’ Mr. Netanyahu said . 1 ‘I’m sure 

he wifl have the opportunity in the com- 
ing weeks to prove that that is the case.”' 
If Mr. Assad wants to resume talks, 
“we’ll find a formula.”] 

In addition, Mr. Netanyahu began a 
new push for economic cooperation be- 
tween Israel, on the one hand, and the 
Palestinian Authority, Egypt and Jordan, 
on the other. This appeared designed to 
offset troubles in the peace process by 
offers of help in reaching prosperity. 

“I think this reflects maybe a new 
attitude and a new beginning,’ ' Mr. Net- 
anyahu said after separate meetings 
Sunday with Mr. Ararat and Mr. Mu- 
barak. He said be hoped that the “eco- 
nomic side of fee peace process can be 

See MIDEAST, Page 7 

China and U.S. Forge Textiles Accord 


BEUING — Chi na and the United 
States reached a trade agreement 
Sunday that could result in a doubling of 
American textile exports to China, U.S. 
officials said. 

The successful conclusion of what 
bofe rides had described as very dif- 
ficult talks reflects a surge is goodwill 
between fee two countries after almost 

two years of tensions. 

"I’m very happy,” said Foreign 
Trade Minister Wu Yi of China, adding, 
“After six days of hard work, the del- 
egations have reached a rather ideal 
conclusion,” - 

“This is the first negotiation between 
China and the United States not con- 

ducted in the shadow of the threat of 
sanctions,” she said. “I hope future 
negotiations will all be like this.” 

Li Dongsbeng, a director-general at 
the Foreign Trade Ministry, said the 
textile pact would “create a favorable 
environment” fra* further development 
of trade between the two sides. 

The lead U.S. negotiator. Ambassa- 
dor Rita Hayes, said fee accord had 
established a “level playing field” for 
the textile trade. 

trade agreement (?hina has 1 wrtiT*tbe 
U.S.,’ ’ fee said. “For the first time ever 
in textile calks, China and the United 
States have worked out all of their dif- 

“We wouldn't have this agreement if 
it hadn't been for the mutual under- 
standing and trust that prevailed,” the 
chief textile negotiator for the U.S. 
Trade Representative's Office contin- 

“This is a solid agreement feat meets 
our critical objectives,” said the U.S. 
trade represenrative-designaie, Char- 

Officials for both sides declined to 
give details of the accord, but Ms. Hayes 
said it would create jobs in fee United 
States by increasing American exports 
while slightly raising the U.S. import 
quota for Chinese goods. 

See ACCORD, Page 7 

Australia's Weird Fauna Find Fame Off Beaten Olympic Track 

By Clyde H. Farnsworth. 

New . York Tones Service 

SYDNEY — Two seldom-seen 
m fmyrntU arid a bird of fee bush feat 
Australians endearingly refer to as. fee 

Laughing Jackass, or Jackie, are off to 
the next Olympics as official mascots, 
ff fee edudna, platypus and kooka- 

burra, areless- familiar than, say, the 

kangaroo or koala, feat’s ngfct wife 
fecSydney 2000 Olympic Games Or- 

- gtmiring Committee. 

“Australians -very quickly -would 
. haw found fee kangaroo abig yawn,” 
sad John Moore,. fee committee’s mar- 
keting director, “and a koala is a koala 

is a koala.” The echidna and the platy- 
pus are the only two egg-laying mam- 
mals in thewodd. The echidna, or spiny 
anteater, lives anywhere from fee desert 
to feeWnforesL It is covered wife quills 
and catches ants and other insects in the 
sticky saliva of its tongue. 

The platypus; inhabiting die water- 
ways of eastern Australia, has a duck- 
like bill, webbed feet and flattened tail. 
Iteats aquaScfood that irstores in cheek 

The kookaburra, the largest member 
of die kin gfishe r family, is kno wn for its 
loud cackle that has been, written into a 
. popular children's. song that goes, hi 
part, “laugh, kookaburra, faugh.” It 

This is the echidna, also called a 
spiny aniemcr. A cartoon version of 
me echidna, named Millie, mil be - 
one cf three mascots for the 2000 
Summer Games in Sydney. 

alsn trills CTiakgg, nearly all of which btb 

poisonous in Australia. 

Unveiled here as cartoon characters, 
the echidna Millie (short far millen- 
nhun; the platypus Syd (for Sydney) and 
the kookaburra OUy (for Olympics) 
have a mission to raise at least $150 

million through fee sale of films, books. 
T-shirts, socks, beach towels, caps, 
cups, plates, bibs and pens. 

Precisely because they are so ob- 
scure, fee mascots are intended to get 
people thinking more about the wonders 
of this island continent 

“Instead of a quick yawn,” Mr. 
Moore said, “we wanted to create some 
real interest and curiosity.” 

But abroad, initial curiosity turned to 
confusion. The Daily Telegraph of 
Sydney reported that people on the 
streets of Los Angeles, having been 
shown pictures of the three mascots, 
mistook fee platypus for a baby, al- 
ligator, the echidna for a porcupine and 
the kookaburra for a chicken. 

One marketing specialist, Michael 
IGely, managing director of Boomerang 
Integrated Marketing & Advertising of 
Sydney, found the cartoon caricatures 

See MASCOTS, Page 7 

»n of 

















• of 
































The Albanian Pyramid / Shattered Dreams 

The Sea Will Dry Up 
Before I’m Out of Money’ 

By Celestine Bohlen 

New York Times Service 

F USHE-KRUJA, Albania — Life was 
hard enough for Shpresa Rinxhi before 
she and her husband scraped together 
$500 and put it into one of the most 
dizzying of Albania's dream machines, a sup- 
posed “charity foundation" that was promising 
a quick 300 percent return on their money. 

With their three children, the Rinxhis (pro- 
nounced REEN-jee) live in one room in a former 
workers’ hostel, cooking their dinners on a stove 
in the corridor, sharing a bathroom with eight 
other families. 

On his $60 a month salary from a state-owned 
cement plant, and the $2 a day she earns at their 
fruit and vegetable stand, the couple saw die 
promise of a fund called Xhaferri (pronounced 
jah-FEH-ree) as their only chance for a better 
life, and so like hundreds of thousands of other 
Albanians, they chose to believe. 

If they had any doubts, they were washed 
away by the arrival here last November of 
Rrapush Xhaferri himself, a former army officer 
who had paraded his wealth by sponsoring a 
Miss Albania contest and hiring a highly paid 
Brazilian for his local soccer team. 

“He told us, ‘Don’t be afraid The water in die 
sea will dry up before 1 run out of money,' " 
recalled Edward Prushi, 32, an unemployed gym 
teacher who entrusted Mr. Xhaferri with the 
$1,000 he bad saved during a stint as a con- 
struction worker in Greece, only to see it dis- 
appear into the sink-bole of a classic pyramid 

Now Albania, the poorest country in Europe, 
which six years ago emerged from die almost 
total isolation imposed by a harsh Communist 
regime, is sorting out die devastating con- 
sequences of die latest series of flimflam 
schemes to hit Eastern Europe in die post-Com- 

Other countries new to the wilds of free mar- 
kets — Romania, Russia and Bulgaria, among 
others — have seen similar schemes preying on 
peoples' gullibility, ignorance and desperation, 
leaving them easily dazzled by the novel dream 
of getting rich. 

But the pyramid schemes in Albania — there 
were at least 1 0 different ones by some accounts, 
the largest of which remain nominally in op- 
eration — lasted longer than anywhere else, in 
some cases for two years. 

By most es timates , the amount taken in from 
Albanians by various pyramid schemes was al- 
most $1 billion, roughly three times the size of die 
national budget deficit The investment schemes 
have touched almost every Albanian family. 

The prolonged success of the funds, and their 
ability m the short term to deliver on die most 
fantastic of promises, was what led even cau- 
tious Albanians to take a risk. 

"The only people who did not lose money 
were those who couldn't put their hands on 
any," said Mr. Prushi. "There were people who 
sold their houses, others sold their cows, and 
now their children don’t even have milk." 

"We are in a terrible situation,” said Mrs. 
Rinxhi, her eyes filling with tears, reaching for 
die cigarettes she started smoking again when 
the crisis began. "It can’t be worse.’ r 
Today Mr. Xhaferri is in jail, his fund seized 
by the government, and Marta, the woman who 
ran the local Xhaferri office, collecting wads of 
leks — the Albanian currency — from people 
who spent hours waiting in line, has disappeared. 
And die people of Fushe-Kruja, a shabby, dusty 
town of 25,000 people, responded last weekend 
by joining the rest of the country in street demon- 
strations that in some places have turned into 

T HROWN on the defensive, die center- 
right government of President Sali Ber- 
isha has promised to restore at least 
some of tbemissmgmoney to rite people 
on Nov. 5, to be distributed through savings 
accounts and options to bid cm state property. 
The government bas also lashed out at its already 

for fomentingteie violence last weeke^? 0061118 

Fushe-Kruja, like many small towns in this 
nation of 3.5 milboo, was a relative late-comer to 
the national craze, which by October of last year 
had readied frenzied levels. By then, funds like 
Xhaferri, one of two now frozen by the state, 
were stepping op efforts to collect more money, 
opening new offices, promising ever higher rates 
of return over ever shorter periods of tune — all 
signs that the bubble was about to burst 
But when Mr. Xhaferri came here, nobody 
really wanted to ask him hard questions, such as 
how he could promise to triple their money in 
three months in a country with meager invest- 
ments and 20 percent unemployment "We 
didn’t ask anything about him," Mr. Prushi said 
"People were getting their money, and that was 
enough for us. 

But die longevity of die schemes is also seen 
as evidence that the Albanian government tol- 
erated perhaps even encouraged the funds, de- 
spite repeated warnings from inside and outside 
the country, from the governor of the central 
bank to the International Monetary Fond. 

Mr. Berisha, at a news conference last week, 
denied any government involvement, and wrote 
off Albania Yearly laissez-faire approach as a 


For the Kadiu family in fushe-Knsja, tike many others in villages and cities 
across Albania, the pyramid scheme has cost them their savings. 

sign of its commitment to free-market capit- 

"In a free and democratic society," said the 
president, "borrowing is one of die inalienable 
rights of human beings. The government will 
never dictate when to lend when to borrow." 

Whether die government was complicit in the 
schemes is unclear, but it is certain dial Mr. 
Berisha 's caster-right Democratic Party — wife 
the endorsements of some of die biggest funds — 
won national elections last May m a vote that 
observers said was tainted by ballot-rigging and 
intimidation, and local elections in October. 

‘ ‘Vote Democratic Party and everyone wins, ' * 
was one slogan that implicitly linked the party 
with the survival of fee investment schemes. 

B Y OCTOBER, a year after the IMF first 
registered its concern about Albania's 
free-wheeling "informal market," fee 
warnings had become increasingly ur- 
gent According to Western financial experts, 
the IMF, at its annual meeting in Washington, 
was urging the Albanian government to take 
immediate action. 

Shortly afterward Finance Minister Ridvan 
Bode went on the government-run television 
network to warn people that the government 
might have to investigate the funds. But his 
warning was drowned out by assurances — also 
broadcast on Albania’s tightly controlled official 
networks — by some of the top fund managers 
that there was nothing to worry about 

As the schemes grew bigger and bigger, their 
effect on the economy became more and more 
dangerous. Not only were people investing the 
little money they had, but many began to live off 
the interest payments that they continued to get 
until as recently as November. 

Tbe government’s paralysis was obvious to 
alL "You don’t stop jryramid schemes and put 
hungry people on the streets a month before 
elections." a Western diplomat said 

The first sign of collapse came in November, 
when a fend run by a 30-year-old former shoe 
factory worker, a woman widely known as Slide 
the Gypsy, stopped making payments. 

On Nov. 26, fee manager of a smaller fund 
vanished wife $13 million. By mid-Jan aary, 
Sude the Gypsy had declared bankruptcy, trig- 
gering fee first street demonstrations. On Ian. 26, 
fee seized tbe $255 million held in state 
b anks by Xhaferri and another fund known as 
Populli, just two weeks before most families in 
Fusbe-Kruja were due to get their money back, 
including profits. 

But fee unanswered question is what will 
happen next, particularly wife some of fee larger 
investment funds, which many believe the gov- 
ernment could bail out at some cost to the 

"There are other schemes out there that are 
not solvent, and (hat is a major concern," said a 
Western financial expert. "The government 
faces a very, very difficult problem in trying to 
minimize the damage." ' 

Cyprus Tells 

U.S. It Will 

H a Wgjt Past Sorter 

WASHINCrnff — The president of 
Cypitfetes gaflag-fe United States a 
commament tiaFaer Greek warplanes 
will be deploye?! to an air base under 
construction oa fee g land at least 
through fee cod of ha -term. 13 months 
' from now, afteo&jtljii to U.S. officials. 

• President Glavfcos Klerides made the 
promise to a US. diplomat. Carey 
Cavanaugh, when Mr. Cavanaugh vis- 
ited the island recently on a mission to 
defuse the latest flan^-up of tensions 
between Greece and Turicey, American 
officials said. 

The unannounced promise toot to re- 
ceive Greek F-16sr. roapkul with Mr. 
Klerides ’s public ptedfce jw wait 16 
months before getting nay Aoraponents 
of the Russian surface-to-air missiles 
feat Cyprus plans to buy. wan designed 
to give U.S. and European diplomats 
time to seek a solution to fee long- 
stalemated issue of Cyprus's -division. 
U.S. and European sources said. * 

Sources at the Cypriot Embassy in 
Washington said they would neither 
confirm nor dispute the report. 

Cyprus has been divided along a 
tense cease-fire line since 1974, when 
Turkish troops landed in response to a 
pro-Greek coup. Turkey, which has. 
more than 30,000 troops on Cyprus, 
controls the northern third of the island 
and recognizes it as a sovereign country. 
All other nations recognize the Greek- 
dominated government. 

With Greek-Turkish tensions over 
Cyprus and other issues threatening to 
erupt into armed conflict and stymie 
plans far the expansion of NATO this 
summer. President Bill Clinton’s ad- 
ministration is considering an all-out 
effort this year to break tbe Cyprus 

In her first week as secretary of stale, 
Madeleine Albright said several times 
that the United Stales was prepared to 
take on what she called "a heightened 
role" in freaking the stalemate, but she 
has given no indication of how she plans 
to go about it. That is because she and her 
aides have not figured out how to pro- 
ceed, a State Department official said. 

"There is a demand and a justification 
for malting tbe effort," he said. "The 
international community needs a reso- 
lution of this issue, so the question is not 
whether we should, but how. We face the 
unwillingness of key parties to make any 
kind of compromise to reduce tension. " 

i * 

travel update Rising Algeria Violence May Force West to Take Notice 

Eurostar Journey Times Shortened 

LONDON (AFP) — A number of Eurostar train journey 
times, which were extended because of a fire in the Channel 
Tunnel in November, returned to normal Sunday, a spokes- 
man for Eurostar said. 

Two Paris-London services are restored to the usual three- 
hour time, having been malting the trip in about three and a 
half hours since fee fire. Six other tr ains from Paris will now 
take three hours and 10 minutes or less to make tbe journey to 
Waterloo station. 

Eurostar also said that two weekday Brussels-London trains 
would be running fester. But the spokesman said it had not yet 
been possible to speed up trains from London to Paris. 

U.S. Warns Against Algeria Travel 

WASHINGTON (AP) — The State Department warned 
Americans against going to Algeria and urged those who insist 
on staying there to hire armed bodyguards and avoid travel on 
regularly scheduled commercial transport- 

in a travel advisory issued Friday, fee department said tbe 
U.S. Embassy in Algiers "specifically identifies ports and 
airline terminals as terrorist targets." 

Italian rail workers have postponed two one-day strikes 
to conform wife notice requirements under Italian law. Tbe 
strikes will take place Feb. 1 1 and 19. (AFP) 

This Week’s Holidays 

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

MONDAY: Mozambique. 

TUESDAY: Angola. China. Sn Lanka. 

WEDNESDAY: Burundi, China. Mexico, San Marino, Taiwan. 

THURSDAY: China. Kong Kong, Macau. Malaysia. New Zealand. 
Switzerland, Taiwan. 

FRIDAY : China. Grenada. Hong Kang. South Korea. Macau, Malaysia, 
Mauritius. Mongolia. Singapore. Taiwan. 

SATURDAY: Bhutan, Brunei. China, Haag Kong, Iraq. Kata, Macau, 
Mongolia, Singapore. Slovenia, Taiwan. 

Sources: JP. Morgan. Reuters, Bloomberg. 

On Febrnaiy 14, F 

let the whole world ' 

know how yon feel! 

Place your ad in our 
special heading, 


Please contact: 


TO .+33 ( 0 ) 1 41 43 93 35 


TFI .+44 ( 0 ) 171 8364802 
Nkw York. 

TH-+* 212 752 3890 

or your local IHT office 
or representative. 

By Roger Cohen 

New York Tima Service 

PARIS — January was fee 
crudest month in Algeria. 

It was cruel in its violence, in- 
cluding a car-bombing that killed 42 
people in central Algiers; cruel in 
fee cynicism of the assassination of 
Abddhaq Benhamouda, an influ- 
ential union leader who had wanted 
to forge a new political party; and 
cruel above all for the promise of yet 
more killing in a ranting speech by 
the president in which he blamed 
foreign plots for all of Algeria's 
woes and vowed to "eradicate" fee 

The Algerian civil war, which pits 
a ruthless military-backed govern- 
ment against often barbaric Islamic 
guerrillas, is five years old. It has 
become part of the background 
noise of world affairs, rumbling on 
like Kurdish clashes but rarely re- 
gistering on fee world’s conscious- 
ness — that is, its television 

The conflict began when an elec- 
tion that was oa the verge of fring- 
ing political Islam to power was 
canceled by the military in January 
1992; it has rendered Algerian 
democracy — and hopes that a 
stable political center could form — 

Hocine Ait Ahmed, an opposition 
leader, recently spoke of a ‘’Berlin 

Wall" to evoke the way fee Al- 
gerian dreams of fee 1980s for 
democracy have languished amid 
general indifference. 

That wall has been composed of 
many elements: the secrecy of Al- 
geria's rulers, known simply as le 
Pouvoir or the Power, the intracta- 
bility of a murky conflict; Western 


diplomatic inertia in a country 
where die choices appear particu- 
larly delicate; and Algeria’s oil and 
natural gas, which have kept flowing 
to U.S. and European companies. 

But as the recent violence sug- 
gests, fee Algerian problem is fes- 
tering to the point where it may 
prove mare difficult to ignore. Its 
threat is clear spreading Islamic 
militancy, a spillover of terrorism, a 
flood of refugees and die disruption 
of those oil and gas supplies. 

If this is a moment of crisis, 
however, it may also be a moment 
when the West, whose options seem 
otherwise limited, could put some 
pressure on Algeria’s leaders to re- 
store a hope of democracy. 

In fee next few months, fee coun- 
try is supposed to hold its first par- 
liamentary elections since fee can- 
cellation of fee 1992 poll fear fee 
Islamic Salvation Front was poised 
to win. The Front had brandished 
such slogans as "Islam is the solu- 

tion" to protest the corruption and 
economic mismanagement of Al- 
geria's military -dominated regime. 
When fee election was canceled, the 
party split into armed factions pur- 
suing insurrection and a more mod- 
erate wing. 

How — and indeed whether — 
the new elections are held will test 
Algeria's direction and the West's 
readiness to encourage a democratic 
solution there. • •• 

Breaking a long and increasingly 
eerie silence, French politicians of 
fee left and right recently called for 
France to do something about its 
former possession. 

Lionel Jospin, the Socialist lead- 
er, said France could no longer 
provide "Wind support” to Pres- 
ident Liamine Zeroual’s govern- 
ment, and former President Valery 
Giscardd’Estaing of France said the 
Islamic Salvation Front, now 
banned, should be allowed to take 
part in fee election. 

Tbe United States has maintained 
a determinedly low profile on Al- 
geria since the war began. 

But tension between Washington 
and Paris over Algeria has been eas- 
ing. French feelings that President 
Bill Clinton’s administration had 
been too conciliatory toward fee Is- 
lamic Salvation Front have changed 
since the arrest late last year in fee 
United States of Anwar Haddam, a 
prominent member of the Front 

A joint French-U.S. initiative 
feus is technically possible, com- 
bining French economic leverage 
over Mr. Zeroual — France grants 
more than $1 billion annually to 
Algeria in subsidized loans — with 
the Clinton administration’s greater 
access to the Islamic Salvation 

Opening fee way for meaningful 
elections might entail a call on Mr. 
Zeroual to approach all parties, in- 
cluding the Front to hammer out 
certain principles: the rejection of 
violence, respect for human rights, 
tite elimination of torture, a com- 
mitment to the alternation of power 
through universal suffrage, a free 
press and respect for Algeria’s Arab 
and Berber cultured 

Aid from the European Union, 
debt relief, Wodd Bank loans and 
the like could all be used as carrots 
and sticks. 

But huge difficulties remain, all 
of them illustrated by fee events of 
the last month. Mr. Zeroual’s screech 
Jan. 24 — in which he raged against 
"criminals, traitors and mercenaries 
manipulated fay external circles’' — 
was a textbook study in tire closed 
mentality of Algeria’s rulers. 

In the speech, Mr. Zeroual omin- 
ously neglected to set a date for the 
new elections. 

The murder last week of Abdel- 
haq Benhamouda, 55, was equally 
o mino us. A pro m inent union leader 

and a determined opponent of Is- 
lamic fundamentalism, Mr. Ben- 
hamouda had been preparing to 
form a centrist political party. 

His last words to a friend, as re- 
ported in Algiers, were, “Kamel, 
my friend, they have betrayed us." 
One problem in Algeria is always to 
know who is killing whom. 

These words — and the efficiency 
of his killing in central Algiers — 
were widely seen as suggesting that 
the murder bad been die work of 
rival clans within le Pouvoir, rather 
than of Islamic guerrillas. 

Finally, the barbarity of the car- 
bombings, throar-slimngs and other- 
killings that have swept Algiers and 
towns nearby since fee Muslim holy 
month of Ramadan started Jan. 10 
have illustrated, once again, the 
methods of fee violent factions that 
have splintered from fee Islamic 
Salvation Front. 

It is unclear to what extent the 
Front itself — its leaders dead, ar- 
rested or abroad — is still a coherent 
political force. 

Still, the frustrated, largely si- 
lenced democratic yearnings of a 
broad Algerian center that demon-' 
strated in the streets in the late 1980s 
exist and could be buttressed by' 
Western diplomacy. 

Even today, it appears, as Mr.' 
Jospin said, that ‘ * Democracy, in fee 
end, is the only road to peace." 

31 Villagers Are Massacred 
la New Attack, Paper Says 



Fomcest lor Tuesday through Thursday, aa provided by AocuWeelher. Asia 


The Associated Pi ess 

ALGIERS — A band of 
men armed wife knives and 
axes killed 31 people in fee 
town of Medea, south of the 
capital, the newspaper El 
Watan reported Sunday. 

About 50 men led fee at- 
tack just after midnight Fri- 
day, invading a neighborhood 
in Medea and forcing resi- 
dents into the street where 
they were killed, fee paper 
quoted residents as saying. 

"You have to do some- 
thing," El Watan quoted a 
resident who contacted the 


Fo-hW, fife and Aca teKBperiffice 
TJrajtfi Convenient Home Study 
__ (806) 597*1909 EXT. 23 

«£& Fax: (310)471-6456 
ffgjgq HTTF/ftWW.PWVXOfl 
SfrSy Fa or send detried resume for 

Pacific Western University 
1210 Auals Street, Dept. 23 
HonoUu, H 968144922 

paper as saying. "More than 
30 people bad their throats 
slit Soon they’re going to ex- 
terminate the entire town." 

Tbe French-language daily 
said feat 31 bodies were taken 
to tbe morgue at Medea Hos- 

The paper’s account was 
not confirmed by Algerian of- 
ficials. If true, it would be the 
latest in a wave of car bomb- 
ings and massacres that in- 
tensified with fee start of the 
Muslim holy month of Ra- 
madan on Jan. 10. 

About 310 people are 
known to have been killed in 
attacks since fee start of Ra- 
madan, and 600 have been 
wounded. There was no im- 
mediate claim of responsibil- 
ity for the massacre, but sus- 
picion fell on Muslim 

fundamentalist rebels fight- 
ing tbe regime. 

Medea is 25 kilometers ( 1 5 
miles) south of Blida, a town 
feat has been a center for vi- 
olence attributed to Muslim 

Com Dm Sol 









Middle East 

AteOBbf 2473 f«R S 
BmuI 1346 937r 

Can . >6*1 4 me 

Dareaaa* twa <229 pc 

jKiMln 9/46 -Capo 

Luxor 31/70 2ns ■ 

noil] vm iznsa 

17X83 BM8s 
7M4 M3 f 
-20 - 12/11 pc 
OM3 lflW po 
USB 7/44 po 
23G -229 pc 
307 307*1 
BM3 3/43 o 
-2*9 -2/ZSpc 
»S 7 Wfa 
17)33 8/46 pc 
11*3 Mr 
8 M MWS> 
BM6 3Q7pC 
SOS 1/94*1 

4*3 assn 

DO! -8!fjn 
2/SB -1*1 po 
2271 18*1 po 
14*7 BM6 * 
*48 SHOtfl 
13*6 4*0 pC 
*48 7/44 pa 
6*41 2*6 1 
■307 -*18 an 
2*6 0*2 an 
iasa aw a 

Z*5 -3/27*1 
7/44 4/39 po 
2*8 1/34 sn 
11*2 3*7 pe 
-1/31 -307 D 

as 032 a 

6/41 337 ah 
-1*4 -209 an 
am 3/37 PC 
0*7 2*5 c 
1*4 1/34 C 
3*7 1*4 art 

£7*9 10*1 » 
7/44 1*4 pe 
13*5 307 pc 
6/43 -BSZpc 
-406 po 
21/70 1/34 0 
27*0 10601 

North America 
A storm w® ttaflver snow 
and rain to Chicago and 
Detroit Tuesday into early 
Wednesday, and to New 
York City and Boston 
Wednesday Into early 
Thursday. Thai same 
storm could bring heavy 
■nos* to Toronto Wednes- 
day end rainy weather to 
Washington, D.C., 


Mild In London Tuesday 
through Thursday, but 
there win be episodes of 
windy mrntm along wfth a 
tew shosreie. Windy and 
mild in Copenhagen, but 
also times of ram. Sun* 
6hino most of the tune hi 
Madrid. Peniy sunny In 
Roms Tuesday. Own most- 
ly sunny Wednesday and 

Cool in Hong Kong Tues- 
day Ihrough Thursday with 
rah tram time to One. "typ- 
ically warm and humid in 
Singapore those three 
days, but it might thunder- 
storm os weft. Partly surety 
hi Tokyo Tuesday, then it 
might rafri We Wednesday 
Into early Thursday. 
Chance of snow hi Seoul 

North America 



Los Angelas 

cm at 

307 oaawn 
13*6 9/48 sn 

OX -4»e 
20*8 BUBC 
7»4 *3127 pc 
3*7 -4/26 pe 

aws MWa 

24-78 17*21 
20*8 1D»S 
26 m 16*46 

M* Low* 
4/39 -1/31 sn 

tans 8«8! 

4*6 -2/29 pc 
1*4 -W7«n 
16*1 6/41 pe 
0/43 -9/16 pc 
335 -2/29 sn 

as*? was* 

23/73 9/43 c 
71/70 7/44 K 
27/30 10*4 po 


cw or 

-3/27 -an6sn 
■1*1 .12711 « 
0V7G 17782 o 
7/44 0*2 Wl 
26/79 14*7 po 
22/71 MBS 
14*7 7/44 pc 
SAM 1*4 pc 
UK -9/IE po 
8/46 .1*1 pe 
11*52 3/37 C . 

Mp LomV 


■ana -ana *n 

•2/29 >12711 po 
ZB/7B WB* pa 
6/43 104 po 
26/79 14/57 pa 
22 m W8t 
14/57 6/43 pa 
3/40 1*44* 
2*5 ■6*2 po 
7/44 -1*1 pe 
ium 3*7 c 

f “gnrfTp 
Chang Ua) 

Hang Kong 

K. Lurpur 




Phnom Panri 









Cops Town 




Hfch“ 1 LDwW 

c m at 

33*i ainfipe 
33*1 24/73 PC 
409 -aOBC 
Z7J8 0 14*7 f 
28/79 W*7pC 
34*3 22171 pc 
ton 21/704 
22171 19*6 r 
33/91 24/75! 

10«6 17102 r 

17*2 307 pC 
30/60 24/75 I 
24/7S 6MSI 
32*9 23/731 
23*2 23/73 tC 
SOM 22/71 «e 
23/73 409 » 

3 BBS 24/75 C 
33*1 241751* 
32*9 24/76 pe 
-V31 -11/131 
7/44 -1*1 pe 
29*4 24/76 PC 

17*2 tSCB r 
11*2 -3071 
20*8 ia*3r 

14*7 8M6 C 
27*0 18/84pc 
2100 12S3C 
29*4- 7744* 
30*6 22171 a 
3Q*8 1283 pe 
12*3 9/48 SI 

High LataW 

32/88 23/731 

3VB8 3V75 pc 
307 -azasn 
29*4 15*9 a 
23/73 14*7 pc 
31*8 22/71 pc 
23*4 22/71 pc 
21/70 17/82 r 
32*8 34/751 
19*6 17*2 r 
17*2 205 pe 
30*6 24/75 pc 
2682 1050 s 
32*9 23/731 
23*4 23/73 pc 
aone zoos pc 
am mi s 
31*6 23/73 c 
31*8 24/75 pc 
31*8 24/76 pc 
2*5 -VSSt pc 
5/41 4Q9 on 

EMM 24/75 pe 
19*8 18*4 r 
SMI -4/2&I 

2MB 13*4 r 

16*1 4*9 pc 
24/75 14*7 pe 
17*2 10*01 
3WW 7/44 9 

aow aan* 

31*6 12*3 pe 
1J*2 8M3 r 

Latin America - . 

Btenoo AIM 32*9 21/70 a 30*6 IWUt 
exacts 30*0. 23/73 {K 29*4 23/73 pc 

UmB 23*2 3*88 PC 29*4 71/70 pc 

••wfcoGBy 23/73 BMP' 21,711 7 **4pe 
flto'fehnofci 34*3 2373 pe 33*t 2373 1 
aataago 8373 12/53 pc 2U7a *46 «h 

Ixgmfc c*inv. pcparty ckxioy. octa**. Svatvmwx. MlucKteewmc. mkx. stamarfluhafc, awmsu 227117*2 pc Wn iS/Sftc 

svsnow.Hoa W-V/oaSsr. Afl "tete ftursm irt ilsn m wlitoil by emmwmwr. toe. to 16 PT S|Wty 2373 MS/a . 2373 16*1 a 

Imprtmt par Offprint. 73 rue de rtvanglle, 75018 Paris. 




a . 



ake \ 






i*--" ■ 

"T » : 

*- ■ 

* ■ 
S-* • 

s* -- . 

ft? ' 


-- t 





Fines From Convictions Bring Solace to Crime Victims 

By Sharon Walsh 

Washington Post Se/virr 

WASfflNQTQi^ _ in Oklahoma 
City, the survivors and 1 200 family 
members of the victims of the 
bombing of the Alfred P. Mun-ah 
Federal Building are kept posted on 
the progress of the criminal case and 
provided with counseling. 

In Alexandria, Virginia, a 23 - 
year-old deaf woman is accompan- 
ied by an interpreter for heT inter- 
views with prosecutors after she was 
abducted by a man. 

In California, a man whose son 
was murdered by a gang member 
and die grandfather of he killer join 
together to teach school children 
about the dangers of gangs and to 
help victims of gang crimes. 

What makes these activities re- 
markable is the way they are fin- 
anced. The money comes from in- 
dividuals and huge corporations 
convicted of federal crimes — not 
from taxpayers. 

When the U.S. office of Daiwa 
Bank, a Japanese financial ginnr 
paid a $340 million criminal fine for 
failing to fell banking regulators 
about major bond-trading losses, the 

money went to the U^. Treasury -and 
was deposited into the Crime Vic- 
tims Fund, which was authorized by 
tbeVlctiins of Crime Act of 1984. 

The fund is overseen by Aiieen 
Adams of die Justice Department, 
who doles out the money to fN-w 
State officials are responsible for 
finding victims and easing their pain 
with financial help — about 2 mil- 
lion people benefit from the fund 
each year. Ms. Adams said. 

The fund has grown by 250 per- 
cent over the past four years, reach- 
ing its highest level in 1996. $528.9 
million, which will be distributed 
this year. That amount does not in- 
clude two recent penalties for crim- 
mal jaice-fbdng that win enrich the 
funa this year — a $1 00 million fmp 
paid by Archer Daniels Midland, an 
agricultural firm, and a $50 million 
fine to be paid by Haarmann & 
Reiroer, a citric-acid maker. 

In addition to fines for corporate 
crimes, the fund receives money 
from penalties and bond forfeitures 
from individuals who are convicted 
of federal crimes. 

T h a n ks to Daiwa, "we’ll get 
three times as much money this 
year" as last year, said Vi rginia 

Cosda, the victim- wi I 
coordinator in Alexandria. "If big 
companies keep paying these , huge 
fines, we won’t have to worry about 
our funding.” 

Ms. Cosda. s aid die had just re- 
turned from federal court in Alex- 
andria, where she accompanied the 
23-year-old deaf woman to the trial 
of her accused abductor. He was 
convicted of “abduction with intent 
to defile" and could now be sen- 
tenced to 20 years to life impris- 
onment. If the young woman had 
required medical treatment or coun- 
seling or if she could not work be- 
cause of injuries from the crime, the 
fund ako coaid pay those costs. 

The fund is administered by the 
Justice Department's Office for 
Victims of Crime. Under the Anti- 
Terrorism Act of 1 996, the fund also 
provides money to help victims of 
mass crimes and terrorism, such as 
the Oklahoma City bombing. 

“1 think I have the best job in all of 
government,” said Ms. Adams, di- 
rector of the Office for Victims of 
Crime and once a legal counsel to die 
Los Angeles County Rape Treatment 
Center. Though stales hand out the 
money, she and her employees visit 

sites, coordinate with state directors 
and help set priorities for die money. 

. This year, because outlays by me 
fund will be so much larger than in 
the past, mostly because of the 
Daiwa fine, Ms. Adams has met of- 
ten with state officials. The priorities 
set by the Clinton administration are 
to provide money to people in rural 
areas where there are few services for 
crime victims, to American Indians 
and to victims of gang violence. 

“The fund serves about 2 million 
crime victims a year, but there are 
still millions who don't receive help 
because there are no services where 
they are," Ms. Adams said. 

In San Diego recently, Ms. 
Adams introduced Attorney Gen- 
eral Janet Reno to two men who 
have applied for a grant from the - 
fund. Axim Khamisa's young son 
was murdered two years ago while 
delivering a pizza. Pies Felix is the 
grandfather of the 14-year-old gang 
member who was convicted of 
killing the boy. 

"Tney feel they're victims of a 
crime from different sides of the 
gun," Ms. Adams said. 

The two formed a gang prevention 
program and have applied for a grant 

What Makes a Sweatshop? 

Standards Panel Is Split on Wage and Hour Guidelines 

By Steven Greenhouse 

New York Tunes Service 

NEW YORK — In a groundbreaking effort 
to set minimum standards at apparel factories 
both inside and outside the united States, a 
presidential task force that includes repre- 
sentatives of labor unions, human-rights 
groups and industry powerhouses such as Liz 
Claiborne, L.L. Bean and Nike has agreed on 
child-labor and anti-harassment practices but 
remains badly split over wages and hours. 

The task force hopes that if it can agree on 
voluntary standards, die measures will then 
be embraced by the U.S. apparel industry. Its 
members also hope for public expressions of 
support from President Bill Clinton, to whom 
it hopes to send its report by late this month. 

But the panel is by no means united on what 
the standards should be. 

The apparel companies in the task force, 
which want standards to dispel any notion that 
they themselves use sweatshops, say fac- 
tories, whether in New York or New Delhi, 
should not be considered sweatshops if they 
paythe local minimum or prevailing wage. 

The unions and rights groups, on die other 
hand, maintain that such a wage is often too 
meager to support a family. They say factories 
.should be considered sweatshops unless they 
pay wages high enough to meet basic needs. 

The members of the task force have 
pledged to keep their deliberations confid- 
ential. But several participants disclosed in 
interviews that in addition to the pay dispute, 
there was a split over horns. 

The unions and rights groups contend that 
factories should generally be considered 
sweatshops if employees are required to work 
more than 48 hours a week. The apparel 

companies say factories should be free to 
require a 60-hour week. 

Any standards adopted would presumably 
have great potential to influence factory con- 
ditions in Haiti, Honduras, Indonesia, Sri 
Lanka and dozens of other countries on which 
U.S. clothing and footwear makers rely for 
production. The task force is leaning toward 
setting up a monitoring organization to ensure 
compliance at factories that are under con-' 
tract to companies that adopt the standards. 

Although die panel hopes all major Amer- 
ican apparel companies will adopt the stan- 
dards, some members fear that if those stan- 
dards are too strict, many companies will not 
sign on. ‘ ‘It’s not going to be helpful just to 
keep these standards to a small number of 
participants," said Roberta Karp, a co-chair- 
man of die panel, who is general counsel of 
Liz Claiborne Inc. 

Despite their differences on some issues, 
business, labor and human-rights participants 
have been able to reach agreement on others. 
On child labor, for example, the task force has 
agreed dial factories should generally not use 
workers under the age of 15, although in some 
countries they would be allowed to employ 

Further, for an industry where workers 
often complain of being hit, groped or 
shouted at, the group has adopted anti -har- 
assment. standards. The participants have' 
agreed that "every employee shall be treated 
with respect and dignity" and that “no em- 
ployee shall be subject to any physical, sexu- 
al, psychological or verbal harassment or 

The task force, called die White House 
Apparel Industry Partnership, was created in 

Away From 

• Police evacuated a neigh- 
borhood in Chula Vista. Cali- 
fornia, around the home of a 
federal employee who got a 
pipe bomb in the mail Sat- 
urday, the third such device 
found in the San Diego area in 
as many days. The bomb did 
not go off when the man 
opened the package. (AP) 

• A 5-year-old girl was sus- 
pended from kindergarten 
for a day in Ocala, Florida, 
for bringing a nail file to 
school, violating a zero-tol- 
erance policy on items resem- 
bling weapons. The policy 
was developed by parents, 
teachers, community repre- 
sentatives and administrators 
ami d concerns over items 
such as pocketknives and toys 
being brought to school. (AP) 

• The reporting team of 
Donald Barlett and James 
Steele, winners of two 
Pulitzer Prizes, will leave The 
Philadelphia Inquirer for 
Time Inc. Mr. Barlett and Mr. 
Steele, who have worked as 
an investigative team at the 

Inquirer for 25 years, prob- 
ably will focus on writing for 
Time, but their articles also 
might appear in other 
magazines owned by the 
company.- (AP) 

• Federal authorities wiH 

begin mailing notices Mon- 
day to a million elderly and 
disabled legal immigrants 
who now receive Supple- 
mental Security Income, in- 
forming them their moodily 
benefit checks will be termin- 
ated this summer if they have 
not attained U.S. titizraiship 
or do not otherwise qualify 
under special exemptions. 
The four-page letters, accom- 
panied by a fact sheet on how 
to apply for citizenship, for- 
mally kick off the notification 
process for one of the new 
welfare overhaul's most con- 
troversial mandates: the re- 
moval by congressional ac- 
tion of hundreds of thousands 
of legal immigrants from the 
SSI rolls. (LAT) 

• New York City pofice of- 
ficers shot and killed a wo- 
man who drew a gun that 
turned out to be a toy. Lauri 
Leimer, 26, of West Islip, 
New York, was shot once in 
the chest after police chased 

her car through the streets of 
upper Manhattan’s Washing- 
ton Heights, a police spokes- 
woman said. Officers pursued 
Ms. Leitner’s car in response 
to a call reporting that shots 
had been fired and that Ms. 
Leitner had a gun. (NYT) 

• Charges against a Santa 
Claus accused of slapping a 
7-year-old Cub Scout who 
tugged on his costume beard 
will not be settled by a crim- 
inal trial in New Hampshire. 
The decision by the Rock- 
ingham County attorney. Bill 
Hart, effectively ends the as- 
sault case against Roy Reiser, 
65, who was arrested shortly 
before Christmas. The incid- 
ent occurred at a Cub Scout 
Christinas party where sev- 
eral Cubs accused Santa of 
being a fake. The scorn leader 
said one of the boys ripped off 
Mr. Reiser's beard, taking 
some skin with it (AP) 

Pnla msgwotlVrhr Anooned Press 

STORMING THE CITADEL — Nance Mace, a freshman cadet at The 
Citadel, with her father, a retired brigadier general who is an alumnus, after 
she won the gold star for academic achievement The Citadel, a military 
school in Charleston, South Carolina, long resisted accepting women. 

Passengers were enthralled. But when 
Beach sought permission to extend the line, 
an angry Tweed blocked him and even- 
tually the plan died. In 1912, workers build- 
ing the New York subway came upon the 
tunnel. Unmarked, it is now the nucleus of 
the transit station at City Hail. 

Short Takes 



New York’s ‘Secret Subway’: 

As Ephemeral as a Puff of Air 

It seemed so logical; If capsules carrying 
mail or receipts could be propelled at high 
speeds through tubes from one post office to 
another , or within a department store, why 
not bttild bigger capsules and use huge fans 
to transport people through tunnels? 

Alfred Ely Beach, part-owner of the j our- 
nal Scientific American, was so convinced 
of the good sense of the idea that in the late 
1860s. as Invention & Technology 
magazine recalls, be hatched an elaborate 
plot to build a "secret subway" under New 
York City. 

It had to be secret because Boss William 
Tweed, the vastly powerful New York 
politician, backed competing plans for an 
elevated railroad, a project he hoped to 
invest in; he repeatedly stymied Beach's 

Cagily, Beach managed to get the state 
legislature to approve ms plans to build an 
underground mail-dispatch line of two 
tubes, each too small for a railroad car; then 
be slipped through an amendment for one 
large tube instead of two. With investors 
hacking him. Beach rented a store across 
from City Hall, and began digging in the 
basement, smuggling bags of earth out at 

In February 1870, be revealed his work. 
Visitors descended to a handsomely fur- 
nished waiting room, complete with grand 
piano, passed twin statues of Mercury, sym- 
bolizing the speed of the wind, then were 
ushered into a comfortably furnished tu- 
bular car for a 100-yard ride, propelled by 
air from a 50-ton fan. 

The number of young children reg- 
ularly playing sports has rapidly risen, and 
so, apparently, has the number turning to 
chiropractors for help with twisted ankles, 
strained backs or weak muscles, reports The 
Chicago Tribune. The percentage of chil- 
dren aged 6 to 1 1 who play sprats is now 48 
percent, up 1 0 percent from 1987. No num- 
bers are available fra children seeing chiro- 
practors. but their increased presence in 
waiting rooms is unmistakable, the paper 
says. Kathryn Putts, a specialist in pediatric 
chiropractic, said that many children have 
standing appointments through the soccer 
season. Tom Fischem, athletic director at a 
high school in Chicago, said, "Some of the 
kids think it's cool to get their backs 
cracked." Many older Americans remain 
skeptical of chiropractic care, but accept- 
ance has grown among younger people. In 
1992, the American Medical Association 
said for the first time that it was "ethical" 
for a physician to refer a patient to a chiro- 

It's an odd phenomenon, spotted 
around the counby: Old tennis shoes are 
tied together and flung over telephone lines, 
where they sometimes dangle for years. 
Mike Clary, writing for the Los Angeles 
Tunes, asked cultural anthropologists about 
the strange practice. One suggested it was a 
school -leaving ritual, another that it was 
done for die physical challenge, yet another 
that the sneakers went up to marie a sexual 
conquest But no one has ever seen the 
shoes being tossed, so no one is sure. Per- 
haps, suggested one folklorist it's aliens. 

International Herald Tribune 

Add some sparkle 
to your business trips. 

« “ " 90 

vao so e© stsa toHtae} 


. ««„. - '"‘“I"" 

’Outfit JB 


People moke derisions every day. They need the most reliable 
source of information available. 

In France, they read Les Echos, France's leading newspaper. 

Les Echos is now accessible via the net, offering preferential 
access to the Paris Stodc Exchange. 



for the portion of their work that 
deals with victims of gang violence. 

Once funds from the office reach 
the state level, they are split between 
two programs. One. victim com- 
pensation, is to pay individual vic- 
tims of crime or their families fra 
unreimbursed medical expenses, 
lost wages or funeral expenses. 

The second program, called victim 
assistance, hups people through 
grants to domestic violence shelters, 
rape crisis centers, child abuse pro- 
grams and other community pro- 
grams. The project receives by far the 
bulk of the foods from the states. 

Although it has been nearly two 
years since foe Oklahoma City 
bombing, programs fra its victims 
and survivors will receive more than 
$600,000 from the fond this year. 
Much of foe money will be used to 
help those who wish to attend the 
trial of Timothy McVeigh, sched- 
uled to begin March 31. Mr. Mc- 
Veigh is charged with carrying out 
the bombing, which left 168 dead. 

“It's been very moving to in- 
teract with the victims of Oklahoma 
City and see how important it is for 
them to attend the trial," Ms. 
Adams said. 

White House Didn’t Vet Donors 

WASHINGTON — The White House has acknow- 
ledged that it hod never reviewed the backgrounds of any 
of the hundreds of visitors who saw President Bill Clinton 
in scores of intimate White House meetings arranged by 
the Democratic National Committee. 

In place of background checks, which are routinely 
done on other guests to the White House, an admin- 
istration official said (hat it had simply taken foe guests on 
lists proposed by the Democratic committee and put them 
on Mr. Clinton's schedule. The committee never per- 
formed any review of the people coming to see Mr. 
Clinton, merely supplying the Social Security numbers' 
and birth dates- of foe guests to the White House. That 
information was used by the Secret Service guards only to 
verily that the guest at the executive mansion's gate was 
the same as the guest on the list. 

The acknowledgment by foe White House that the 
background checks were not done came Saturday after a 
news report that a felon with possible ties to organized 
crime had attended a Democratic coffee at the White 
House in December 1995, a few months after his second 
conviction. The felon joins a list of other questionable 
figures who were guests at foe White House in meetings 
that were often pan of an effort to reward donors. 

"No vetting was ever done for these events, other than 
asking for Social Security numbers or dates of birth in 
order.' ' said Lanny Davis, a White House special counsel. 
Such information is usually used by the Secret Service to 
search records to see if a visitor poses a security risk. But 
for reasons that are not known, no such checks were done 
on these guests. \ /VI T i 

Welfare Rolls Keep Shrinking 

WASHINGTON — The steep decline in welfare case- 
loads that began nearly three years ago has accelerated in 
recent months, offering states a larger-foan-e.\pected 
financial windfall and a head start in carrying out the 
newly restrictive U.S. welfare Jaw. 

The unprecedented exodus from the rolls follows a 
period of similarly explosive growth. Alter reaching a 
record high in March 1994. caseloads have dropped' IS 
percent nationwide, and they have dropped in every state 
but Hawaii. 

The declines have reached some of foe nation's largest 
cities, where concentrations of poor and single-parent 
families have historically made foe rolls hard to reduce. 

In the past year alone, the number of people on welfare 
has dropped 19 percent in Milwaukee, 17 percent in 
Houston, 1 1 percent in Detroit and 9 percent in Nev. York 

Much of foe decline seems driven by the economic 
expansion. But some of it also seems to stem from the 
aggressive efforts many states have made in the past few 
years to place welfare recipients in jobs. \N)T) 

Quote /Unquote 

Mario Cuomo, former governor of New York, on Bill 
Clinton *8 State of the Union Message on Tuesday: "1 
would like to see President Clinton, sometime before he's 
through these four years, demonstrate all his gifts to the 
maximum. That would require him to throw off any 
inhibition about saying too much or inhibition about 
getting into political trouble. I'd love to hear him 
announcing, Til never run again for public office. 
I’ll never have another chance to tell you what I reall 




A two-month 

trial subscription. 

-Xlrrs.:.: i; y- \ ,<* 

‘i' .:*£*'■ ' f - * 

>. } 

: • If* 

liti, * W j 

business ana Bconomics, cs wefios science, technology, 
and sport — aU from on rrtemationgl per>pedtve. 

■to 1 .. r— —lily to Vy the International Herald 

‘ ana enjoy delivery to your 

Tribune with a low cost, 2 -month trial 
home or office every morrong. 






















































1 45.600 




















11. POO 















\ 66 








• ftrnJomioriwa*it»n^}iondd*BwlBnwwG«viM»icfcaJlJ 
ot 0130-84 S5 05 of hn (06V] 9712 631 1 . 

oo HI Germany 

Yes, I would Mte la start meaning the I n ternational Herald Tribune. 3-2-97 

O My diode is enclosed (payO Us to this HIJ 

CSnge my; O Ame» □ VSaD Acoasi D MasterCard □ Eurocwd 

Owfit ead (hergas wi be mads in Fiendi Francs curaii reM. 

Card No. Erp Dale; 


Far business ardors, incfecateyourVAf No;. 

IHT WI Number [$74732021 ] 24) 

Mr/Mrs/Ms Family Name, 
first N>wrw 

Job life. 

Moiling Address. 


County, i— 
Homo Td No: 



I«i this oopy al the HI at; Oln«k □ hotel Daefe* □other 
U l do no* «o receive information from other atraiully scramml compemes 

Meal or Art to; international Herald Tnbwie 
IS f Am. C deGaufk. 0252 J NeuifyCedex, Franca fine +33 I 4143 92 IQ 

OR CAUL +33 I 4143 SO 67 

In Ana: +452 29 22 1 1 88. In dm USJto lMnmJi 1-800-882-2384 
MIoSNk s utuOmtJBom 
Oder valid lor new subscribe* only. HA3M 


*n of 

. av- 

ed to 
r: “It 





> of 






























V • «•■ 













Bhutto Disputes Graft Allegations 


Campaigning on Enemy Turf, She Defends Her Record 

By Kenneth J. Cooper 

Washington Post Service 

LAHORE, Pakistan — Benazir 
Bhutto has al ways been a fighter, and on 
the last day of campaigning before na- 
tional elections Monday she took her 
latest political fight to thehaxne territory 
of her main rivals. 

Lahore, Pakistan's second largest city 
and capital of Punjab Province, is home 
to Nawaz Sharif, also a former prime 
minister and the campaign’s front-run- 
ner. The city of 6 million is also the 
hometown of Imran Khan, the fanner 
cricket star who leads a new political 
party taking part in the vote. 

Miss Bhutto attracted a crowd of a 
few thousand, small by South Asian 
standards, to a rally Saturday and (te- 

as a financial adviser to the interim 
government, has put losses to corruption 
and waste at 10 percent to 20 percent of 
Pakistan's annual economic output. 

Initially, tbe interim government 
vowed to bring corruption charges 
against suspected wrongdoers in recent 
governments, as Mr. Sharif too had been 
dismissed as prime minister amid al- 
legations of graft. But such a rapid. 

sweeping dragnet appeared unlikely to 


occur in the scant three months 
the election, and interim leaders later 

livered a stump speech with little of her 
usual rhetorical the. i 

She accused her 
enemies of unpatriotic plots and de- 
fended her record as prime minister but 
did not say what she would do if re- 
turned to power. 

She had more to say about two major 
reasons for her increasing unpopularity 
during the past year and for President 
Farooq Leghari’s dismissal Nov. 5 of 
her Pakistan People's Party government 

— alleged corruption and economic 
mismanagement Once ag ain , she dis- 
puted the co rruption charges and main , 
rained that the economy bad unproved 
during her three years in office. 

Many Pakistanis argue dial die one- 
time crusader for democracy — she 
restored free elections in 1988, when 
she won her first term as prime minister 

— allowed her husband, die jailed Asif 
Ali Zardari, to violate the public trust 
during her second term, which ran from 
1993 to her dismissaL 

Mr. Leghari has estimated that cor- 
ruption siphoned off $1-5 billion in 
those three years. Shahid Javed Buriri, a 
World Bank executive on unpaid leave 

‘All the arrests are only of 
people from die People’s 
Party. Now, they are 
admitting that there’s no 
evidence of corruption.’ 

appeared to have concluded it would be 
unwise to disqualify the leading con- 
tenders for prime minister. Miss Bhutto 
and Mr. Sharif. 

Government investigators have 
gathered evidence against former of- 
ficials, including Mr. Zardari and other 
members of Miss Bhutto’s government 
who have been detained, but they have 
not filed any c or ruption cases. 

Miss Bhutto described the lack of 
prosecutions as an exoneration of her 

"Ali the arrests are only of people 
from the People’s Party/* she said. 
"Now, they are admitting that there’s 
no evidence of corruption." 

Miss Bhutto also frequently coupled 
Mr, Sharif and Mohammed 75a ul-Haq, 
Pakistan's last military dictator. Mr. 
Sharif emerged as apolitical leader after 
General Zia picked him to be die Pun- 
jab's chief minister. 

In street interviews Saturday even in 

Larkana, die largest town near Miss 
Bhu tto’s ancestral village in Sind 
Province, her declining popularity was 
evident and linked to the form of cor- 
ruption dial most directly affects or- 
dinary Pakistanis: the exchange of gov- 
ernment jobs for political patronage. 
Tbe interim government dismissed 

40.000 workers who had not been hired 
on meat 

"If yo o have money, you can get a 
government job; if you are poor, you 
can't £et a suitable job,’’ sand Qamar 
Hussain, a barber and former Bhutto' 
supporter. "She didn’t give any thing to 
poor people. She gave jobs to her party 

Pakistan votes Monday for the fourth 
time in eight years. There are about 

7.000 candidates vying for offices in the 
elections, which for the first time com- 
bine provincial and federal voting as a 
cost-saving move. 

The mam vote will be for a 217-seat 
National Assembly, the lower bouse of 
tbe Federal L egislature . 

Unemployment and inflation have 
been major issues in the campaign. Oth- 
er economic problems helped precip- 
itate Miss Bhutto’s dismissal, incl uding 
a shortage of foreign currency reserves 
and an uncontrolled budget deficit Mr. 
Leghari omitted formal mention of eco- 
nomic mismanagement in Iris order dis- 
missing her government apparently to 
avoid further economic harm to tbe 

In her defense. Miss Bhutto said she 
had revived a "perished and finished’ ’ 
economy inherited from Mr. Sharif. Her 
economic record is, in fact, mixed. 

Foreign currency reserves were $2.4 
billion early last year but dropped to 
$600 million by November. Still, that 
amount according to her party mani- 
festo, was twice as great as what Mr. 
Sharif left behind at the end of his gov- 

Anti-Taleban Militias Reinforce 

GHORBAND VALLEY, Afghanistan — A Shiite 
Muslim militia sent reinforcements Sunday to block fresh- 
ad van pcs by the Taleban fimdffnBUafis t Islamic move- 
ment travelers said. 

They said Karim Khalili, leader of (he Shiite Hiezb-i-Wahdat 
faction, was trying to prevail the Taleban from moving toward 
Bamiyan, a Shiite stronghold in central Afghanistan. 

The Taleban have been advancing through the strategic 
Ghoxband Valley in the past few days in their latest offensive 
a gainst an opposition amanrii* that in cl u des Hezb-i- Wahdat 

The valley leads west from Jabal os-Siraj, 70 kilom eters 
(44 miles) north of Kabul, toward Bamiyan, whose capture 
would allow tbe Taleban to open a new front against die 
alliance. (Reuters) 

Sri Lanka Rebels Attack Camps 

COLOMBO — At least 30 people were lolled in i 
clashes between Tamil Tiger rebels and government: 
in Sri Lanka’s north and east over the weekend, military 
officials said Sunday. 

A large group of Liberation Tigers of Tamil Eelam rebels 
overran a military camp in Batticaloa district, 200 kilometers 
(125 miles) from Colombo, just after midnight Saturday, 
lolling 13 soldiers, including a lieutenant, they said. 

At tbe same time, time civilians in tbe area were killed by 
a rebel mortar while a soldier was killed and three wounded 
in a rebel attack cm nearby Sittandi army camp around the 
same time, military officials said. ( Reuters ) 

Clerics Condemn Indonesia Riots 

JAKARTA — Indonesian Catholic bishops on Sunday 
blamed "moral decay in almost all aspects of life" for the 
recent riocs in the mainly Muslim country. 

“The law is disregarded, people’s basic rights are not 
respec t ed," the Indonesian Bishops’ Conference said. 

On Thursday, rioters set fire to a church and a Chinese 
Buddhist temple, wrecked four other churches and looted 
shops and homes in Rengasdengklok, 50 kilometers (30 
miles) east of Jakarta, over reports that an ethnic Chinese 
woman bad rnsnlted Muslims 
In December, four people were killed during riots in the 
town of Tasikmalaya. ( Reuters ) 

Claries Dtmprt/Ihr AaocMKd Ren 

HOLIDAY — A boy from a rebel gropp of the 
Karen e thni c minority watching a parade in Burma. 

heoany they are a threat to Cambodian culture, Phnom 
Penh city officials announced Sunday. Snooker and video 
parlors in the vicinity of* schools will also be closed. (AP) 

For the Record 

Bars and dubs featuring nude dancers must dose 

The mayor of Taipei said the city would impose a 
curf e w on teenagers under 18 beginning at midnight 
Sunday. He warned proprietors of movie theaters, karaoke 
bars, coffee shops, night clubs, bowling alleys and other 
facilities their business licenses would be revoked if they 
served minors after the curfew. (AFP) 

Le Monde: 

the French 



cup of tea 

Be they nanagers of French companies, 
politicians or fasous names from the 
arts. French opinion leaders prefer 
Le Monde. This Is the conclusion of 
an I FOP survey of French Elites*. 

Chosen by an overwhelming majority for 
the quality of Its information and 
for Its Influential role, Le Monde is 
the newspaper most read by opinion 
leaders, well ahead of the other national 
dallies and many French news magazines. 

Place your campaigns in an influential world! 

For more Information, contact 
Jean-Chrlstophe Demarta - Le Monde Publicity - 
TO: 33 1 44 43 76 39 - Fax: 33 1 44 43 77 ZB 

By Keith B. Richburg 

Washington Pan Service 

caucus of top Chinese offi- 
cials and their handpicked 
Hong Kong advisers, meeting 
behind closed doors in 
Beijing, have approved plans 
to scale back some civil- 
liberty laws and protections 
in Hong Kong after China 
takes charge in five months. 

The 150-member Prepara- 
tory Committee, the Chinese 
body overseeing the han- 
dover of this British colony, 
voted overwhelmingly Sat- 
urday to endorse the rollback 
of Hong Kong's civil liber- 

Tbe one dissenter was Fre- 

derick Fung, a local politician 
efied T * 

who defied Beijing last year 
by voting against a plan to 
abolish the Hong Kong le- 
gislature and replace it with 
an appointed one. Ten other 
members abstained. 

The action, while expec- 

ted, dashed a hope held by 
many that the full Preparatory 
Committee might respond to 
local and international criti- 
cism by backtracking on 
Beijing’s plans to curtail the 

Tbe plans inelndK chan- 
ging the bill of rights, restor- 
ing police power to ban 
protests and restricting for- 
eign funding of local groups. 
China has said the modific- 
ations are needed because the 
laws in question contradict 
the territory’s Basic Law, 
which is the document ne- 
gotiated between Britain and 
China that will serve as the 
constitution for the territory 
after China assumes control 
on July 1. But Chinese of- 
ficials have yet to spell out 
how die laws being scrapped 
contradict the Basic Law. 

China’s legal reasoning has 
drawn skepticism from some 
of Beijing 1 s normal support- 
ers in Hong Kong. "I could 
not find anything that con- 

Don’t miss 
the upcoming 
Sponsored Section on 

Congress Center 



-IRHIE HMC »wrc»rlai oat ta MrcfcAvrll E 56 . of lim 
romitF — ' — 

Iftramlttles la conics, politics tad b* tra. 

Now’s the time to buy 

on February 7. J997 


Living in the U.S.? 

Now printed in N ew York 
for same day 
delivery in key cities. 

To subscribe, call 
1 - 800-882 2884 
On New York, call 212-752-3890) 



a number of get-acquain- 
ted talks with their Chinese 
counterparts. Bat he added, 
"Our position is that they will 
not be setting up a 
garrison on what is 
ish territory." 

The latest wrangling, 
ticularly the threat to Hong 
Kong's civil liberties, is being 
watched warily by Taiwan as 
a harbinger of how China 
eventually intends to pursue 
unification talks with Taipei. 

Immediately al stake is 
some $20 billion that Taiwan 
invests in China, using Hong 
Kong as a conduit. Taiwan 
also keeps a formidable com- 
mercial presence here that is 
in question once this colony 
reverts to Chinese control. 

China Accuses U.S. 



VlM 11 

•. t; 5 ” 4 

1 ,1 1 i 



Chine se Approve Cutbacks 
In Hong Kong Civil Liberties 

(radios the Basic Law," said 
Allen Lee, chairman of the 
pro-business Liberal Party. 

Chris Patten, Hong Kong's 
British governor, kept up his 
drumbeat of criticism, calling 
die vote in Beijing “very dis- 

we are still not told 
is why it is necessary to re- 
strict Hong Kong’s civil 
liberties.” Mr. Patten said in a 
statement "Once again, we 
have the impression of legal 
arguments hastily thrown to- 
gether, policies made up as 
we go along." 

The dispute over civil- 
liberty laws, and China's 
move to set up a rival shadow 
legislature that will replace 
Hong Kong’s current demo- 
cratic one, have put Britain 
and China at loggerheads. 

The two countries also 
have been wrangling in recent 
days over another issue: 
Beijing’s request to deploy a 
large contingent of troops 
here weD before the transfer 
of sovereignty. 

Two days of talks on the 
issue late last month broke 
down after China insisted on 
seoding “hundreds” of 
troops here in March to begin 
preparing for their duties. 
British officials said only a 
few Chinese soldiers in- 
volved in technical duties 
would be allowed to come 
early, and even then no soon- 
er man May or early June. 

A British official familiar 
with the talks said London 
agreed long ago on the need 
for an advance Chinese mil- 
itary presence, and British 



.■£2. S3 

China accused the United 
States on Saturday of using 
concerns over human rights as 
a pretext to interfere in 
Giinese affairs. The Associ- 
ated Press repotted from 

A Foreign Ministry state- 
ment, carried by Xinhua news 
agency, was intended to 
counter the grim assessment 
of China’s human rights re- 
cord given in a U.S. State 
Department report released 

The State Department said 
the Chinese Communist Party 

had virtually wiped out public 
expressions of oissent by tail- 

- * - ■ a _ __ J 

ing, intimidating and forcing 
into exile all vocal critics. 


* Jt * f » r« *■£-?: 1 it * * s i f. * • r g ? 




^ I 


« . 

itUil! : . 1 .:. |1 

III, | )sf ,. ' *’ r '*Vu. 

»' |‘«:!,IC|^ r 

"* ! % S. . K -■ 

ui bad 
ti Libeith’ 

f* . ■ 



Chirac - Yeltsin Talks Focus on NATO 

Vkv FrancePtasv 

T^ S n^ W _ The Norrh Al5 antic 
Treaty Organization and Russia mav 

reach an accord before NATO’s key Julv 
f ? wtin 5- . P^sidem Jabqu4 
Qnr^ of France said Sunday after more 
than three hours of talks with President 
Bons Y eltsm. whom he found to be alert 
and in good form. 

Mr. Chirac told reporters just before 
heading back to Paris that an accord with 
Russia on NATO enlargement “may 
come even before the Madrid summit,’’ 
where the alliance is expected to name 
ibe former Soviet bloc countries it will 
invite to join. 

Mr. Chirac was the first foreign leader 
to meet with Mr. Yeltsin since the Rus- 
sian president was hospitalized with 
double pneumonia on Jan. 8. They met at 
Novo Ogarevo. a state residence just 
west. of Moscow. 

The French president said he had 1 ‘re- 
discovered” the Boris Yeltsin he knew 
before, and had been “very impressed 
with the speed of his recovery.’’ 

“I found him to be very clear on all 
world problems, and he energetically 
defended Russia's interests, Mr. Chir- 
ac said. 

Mr; Yeltsin, who turned 66 on Sat- 
urday, has been largely absent from the 
public eye for the last seven months. Only 
a few brief television clips of him have 
been shown since his latest hospital slay. 

He underwent a quintuple bean by- 
pass operation in November, and re- 
cently canceled two international en- 
gagements, including a European Union 
summit meeting in the Netherlands. 

The Kremlin spokesman, Sergei 
YasTrzhembsky, said that Mr. Yeltsin 
had reiterated Russia’s opposition to 
NATO expansion during fee talks, with 
Mr. Chirac, who said feat France un- 
derstood Moscow’s concerns. 

The formal talks at Novo Ogarevo 
lasted one hour and 15 minutes. bul the 
two leaders continued their discussions 
at a working dinner. Afterwards, the 
spokesman said, Mr. Yeltsin felt that “in 
many areas the position of Russia and 
France coincides, especially concerning 
European problems. ’ * 

Mr. Chirac told reporters he felt that 
the dispute between NATO and Russia 
over' the alliance’s plan to take in new 
members was “taking place within a 
context allowing it to be resolved.” 
Poland, fee Czech Republic and Hun- 
gary are seen as the leading candidates _to 
join NATO, bat alliance officials caution 
that the enlargement process will take 
place in phases over several years. 

NATO is currently trying to work out 
the terms of a charter with Russia that it 

hopes will allay some of Moscow's fears 
and usher in a new era of post-Gold War 
cooperation. But the alliance has dis- 
tanced itself from Moscow's call for a 

legally binding document, and has ruled 
out a Russian veto over its decisions. 

Mr. Chirac said that Mr. Yeltsin 
wanted a NATO-Russia accord to be 
legally binding, and not just a decla- 
ration of principles. 

“On that score, France said it was not 
adopting a position." Mr. Chirac said, 
adding, “Between apolitical statement 
and a legally binding statement ratified 
by all parliaments, there is a range of 
possibilities, and therefore -a margin for 
discussion. 1 V 

Mr. Yeltsin also outlined Russia's 
conditions for an accord, including the 
geographical areas of NATO interven- 
tion and NATO deployments for which 
Moscow would be consulted. 

Russia particularly wants firm secu- 
rity guarantees that NATO will not de- 
ploy endear weapons on the territory of 
future new members m Eastern Europe. 

Mr. Chirac said that France had “al- 
ways been against Yalta, against the 
division of Europe. Our ambition is to 
remove Yalta, to have a general security 
architecture,” be said, referring to the 
carve-up of Europe into two rival blocs 
that followed World War II. 

“Therefore,” he said, "we very much 
want to reach a Russia-NATO accord 
allowing for NATO’s enlargement, 
which is necessary today, while respect- 
ing Russia's political and security in- 

UN and U.S. Get Pressure on Rights 

■ By Paul Lewis 

! Afar York Times Service 

• York — Wife anew secretary- 
[ general here and wife Pres- 
i idem Bill Clinton entering his 
; second term, human rights 
I groups arc stepping up pres- 
sure on both leaders to make 
protection against violence 
and abuse a higher priority. 

The groups’ efforts coin- 
cide wife preparations for the 
annual meeting of fee UN Hu- 
man Rights Commission, in 
Geneva in March and April. 
At the meeting. Asian and Af- 
rican members are expected 
, to continue their drive to de- 
«mand that no action be taken 
by the commission unless the 
.53 member nations support it 

I. In a letter sent in January to 
Kofi Annan of Ghana, the 
new secretary-general, Ken- 
rneth Roth, executive director 

of Human Rights Watch, sug- 

g :s ted several ways the 
nited Nations could do 
more to defend human rights. 
His proposals have been sup- 
ported by other rights groups. 

that Jose Ayala-Lasso of 
Ecuador, named three years 
ago as fee first UN high com- 
missioner for human rights, 
should establish a more 
powerful presence at UN 

The Clinton a dminis tration will be urged 
to end its ‘double standard 9 on rights. 

including Amnesty Interna- 
tional ana fee Lawyers Com- 
mittee for Human Rights. 

A group of American or- 
ganizations are drafting a let- 
ter to Mr. Clinton in which 
they are expected to urge him 
to end what Mr. Roth cadis fee 
administration's "double 
standard” of criticizing viol- 
ators who have tittle commer- 
cial or strategic importance to 
fee United States, while spar- 
ing more powerful countries 
like China and Turkey. 

In his letter, Mr. Roth said 

headquarters. The commis- 
sioner should press the Se- 
curity Council to give in- 
creased prominence to human 
rights protection in peace- 
keeping and relief operations, 
fee letter said. 

UN forces should not have 
to become "silent witnesses” 
to serious abuses, he said, cit- 
ing the inability of UN peace- 
keepers in Bosnia to prevent 
ethnically motivated violence. 

Human Rights Watch, in 
its letter, also criticizes the 
low-key approach Mr. Ayala- 

Lasso has taken toward his 
job, saying the secretary-gen- 
eral should encourage him to 
“take a more activist ap- 
proach and become a leading 
public voice and moral au- 
thority on human rights issues 

In an interview, Mr. Roth 
complained about Mr. Ayala- 
Lasso's preference for quiet 
diplomacy, saying that he had 
been silent on war crimes in 
the Balkans and had never 
sought to draw the Security 
Council's attention to serious 

Reached by telephone in 
Geneva. Mr. Ayala-Lasso de- 
clined to comment on the Hu- 
man Rights Watch criticisms 
of him personally. But he said 
he completely shared the 
group's belief that fee role of 
the United Nations in encour- 
aging respect for human 
rights needed to be strength- 


\ ii*' llrntun Knurr- , 

STEELED — A Socialist union leader, Roberto d'Orazio, speaking to a crowd near Brussels on Sunday. 
More than 20,000 people joined a march protesting job losses at the bankrupt steel firm Forges de Clabecq. 

« . D Z. I C i n/rrn n t by fee Nazis from occupied countries. 

Corsican Rebels oet i/ff OO Bombs The money was used to pay outstanding debts and 

transport taxes on Spanish territory for Portuguese goods 
AJACCIO. Corsica — Corsican separatist guerrillas de- bought by Switzerland, El Pais said. Switzerland is em- 
fied a French government crackdown to mount a show of broiled in a scandal over fee fate of Jewish assets and Nazi 
force on the Mediterranean island Sunday, exploding 58 gold banked in its vaults during the war. \.\FP I 

mostly tiny bombs in a few hours. " .. . . - Tvy% - ¥7 

No one was wounded in the predawn blitz, mostly limited MaSnfiauOV frlUS Gm?C/iny(l rOte 
to post offices and other symbols of French state authority. 

The “historic wing” of the outlawed Corsican National GROZNY. Russia — Aslan Maskhadov won presidential 
Liberation Front, seeking to prove it has not been crushed by elections in Chechnya with jusi under 60 percent of the vote, 
the detention of three political leaders in recent weeks, said according to final figures announced Sunday by the elcc- 
it planted fee bombs. \Reiucrs) toral commission. 

~ , , * ,| i I Mr. Maskhadov. 45, who was head of Chechen armed 

Bikers Suspected in Jail Attack forces during the country's 21 -month war with Russia, won 

* 59.32 percent of fee vote. His closest rival, (he rebel warlord 

COPENHAGEN — An anti-tank grenade was fired into Shamil Basayev. garnered 23.5 percent. (AFP J 

a jail housing members of the Bandidos biker gang early 
Sunday, wounding one gang member in his cell. 

The bikers were being held in connection with a grenade Ell TltlC Ul/f’^lf 

attack in October on a Hells Angels compound m Copen- * tits Ew I 1119 nvlrlii 

hagen. in which two people were killed and 19 wounded. 

The police said several people with ties to the Hells International Herald Tribune 

Angels were arrested in connecuon with the attack Sunday Significant events in the European Union this week: 
on fee jail in Koege, 20 kilometers (12 miles) south of • The EU statistical agency Eurostat will announce 
Copenhagen. The Hells Angels and Bandidos gangs have Monday whether it will accept a number of budget measures 
been feuding for three years in Denmark, Finland, Norway planned by EU governments to reduce their deficits and debt 
and Sweden' (AP) this year. The decision will signal whether the agency is 

• rrr l i I toughening its stance because it was criticized in November 

Spam lumed Over Nazi Gold for endorsing a French plan to reduce its deficit by 37.5 billion 

* francs (S6.8 billion) this year through a one-time payment to 

MADRID — Spanish authorities fumed over 101 kilo- the government from state-owned France Telecom, 
grams of gold to the Allies in 1948 that had “probably” • Justice and interior ministers will hold an informal 
been plundered from Jews or from occupied countries by the meeting in the Dutch coastal town of Noordwijk on Wed- 
Nazis. El Pais reported Sunday. ■ nesday and Thursday to consider new measures for fighting 

The newspaper also said fee Swiss National Bank had international crime and discuss possible changes to the 
paid the Bank of Spain a total of 1 87 million Swiss francs Union’s governing treaties to intensify cooperation on 
($130 million) between 1941 and 1945 with gold plundered issues ranging from crime to immigration. 

■ v I 
• £2* 

. „ 'I-.* 

. M- r }’2' 


Smooth as silk means more 

■ - J. > ; 

h • : ' 

Pti:"** V ‘\ v ■ 

. L ■ 


than Thai’s renowned Royal Orchid 
Service. Our global partnerships 
with Lufthansa, United Airlines and 
5AS Scandinavian Airlines 
System mean we can fly you to 
over 500 eftitts OR six continents on 
one ticket, with smooth transfers. 
Plus, you now have more ways 
to earn points on Royal Orchid 

Plus, Asia’s leading frequent flyer 
programme. Thai. Smooth as silk. 





Police More Discreet in Peru Siege 


.Itfivtif- l-'ratui-Pns.w 

LIMA — Talks between the leaders 
of Japan and Peru translated into a low- 
profile police presence at the Japanese 
ambassador's home Sunday, but there 
was no sign formal talks to end the 
hostage crisis would soon be held. 

Japan had been concerned about es- 
calating police activity around the em- 
bassy residence where Tupac Amaru 
Revolutionary Movement rebels hold 
52 Peruvians. 1 Bolivian and 19 Jap- 
anese hostages. 

The war of nerves in the exclusive 
San Isidro neighborhood has been toned 
down to a musical war. The rebels' 
re\ olutionary songs were drowned out 
by military music and sirens early 
Sunday, but provocative police parades 
that provoked shooting last week have 
been absent. 

The question now is whether talks to 
end the nearly seven-week crisis will be 

* 3 Agreement oil Talks 

Ath'lifHv DePalmd <>f The New York 
Th/ics reported from Toronto: 

Under pressure from the government 
of Japan. Peru has agreed to reopen 
formal talks with rebels to find a peace- 
ful solution to the six -week hostage 
crisis in Lima, but it again ruled out 
meeting demands for a release of rebel 
prisoners in Peruvian jails. 

President Albeno Fujimori of Peru 

called for the talks to resume after a 90- 
minute meeting here Saturday with 
Prime Minister Ryutaro Hashimoto of 

Mr. Hashimoto expressed concern 
this week that Peru was considering 
using force to end the siege at the Jap- 
anese ambassador's residence in Lima 
and was trying to push Peru, with which 
Japan enjoys an especially close dip- 
lomatic ana trade relationship, to try 
harder for a peaceful solution. 

Both men reaffirmed their determi- 
nation to end the hostage crisis without 
bloodshed. But they both flatly rejected 
the rebels' principal demand: that some 
400 members of the Tupac Amaru Re- 
volutionary Movemen t be released from 
Peruvian prisons. 

At a news conference at the down- 
town Toronto hotel where they met, the 
leaders refused to discuss the derails of 
their conversation, or to outline how 
they intend to end the siege without 
harming the 72 diplomats and business- 
men who have been held since the rebels 
stormed the compound on Dec. 17 dur- 
ing a reception honoring the birthday of 
the Japanese emperor. 

But Mr. Hashimoto tried to make it 
dear that he had received assurances 
that Mr. Fujimori would not provoke the 
rebels into a response that would war- 
rant the use of force by the Peruvian 
security forces, who have been harass- 
ing the rebels inside the compound, rais- 

ing fears of a violent confrontation. 

“Today we had a frank exchange of 
views/’ Mr. Hashimoto said. 

Wb ile holding out hope for a peaceful 
solution, both leaders restated their re- 
fusal to meet the rebels' demand for the 
release of prisoners, raising questions 
about the chances for success for any 
new calks. Earlier informal ralkg be- 
tween a Peruvian government negoti- 
ator and rebels broke down over the 

Mr. Fujimori repeated his pledge to 
refrain from using force. 

“To the extent that there is no harm to 
the hostages/ ’ he said, * ‘no force will be 

But he seemed to place clear limits on 
how much his government would ac- 

“If a single hostage or several hos- 
tages are taken ill,” or are not take n care 
of physically and mentally, “that would 
not satisfy the conditions that I have 
set” he warned. 

Mr. Fujimori said that he could not 
release the rebels who are being held 
prisoner because they are “potentially 
dangerous people.” 

He called the hostage taking “an act 
of terrorism,*’ and refused to acknow- 
ledge the Tupac Amaru as a legitimate 
rebel group. 

“In Peru we do not have guerrillas/' 
Mr. Fujimori said. “Calling them guer- 
rillas or insurgents is incorrect" 

Sudanese Rebels See Wider Whr 

KUWAIT CITY — Sudanese rebels will open new fronts 
in their offensive a gains t the Khartoum government despite 
international mediation efforts to end the fighting, Sadek 
Mahdi, the opposition leader, said Sunday. 

Mr. Mahdi, in an interview with the Kuwaiti newspaper 
Ar Ra'i al 'Aam, also accused the fundamentalist gov- 
ernment in Khartoum of receiving Iraqi support and work- 
ing as an agent for Iran to spread militant Shiite Islam. 

“The fronts will be extended/' Mr. Mahdi, head of the 
main northern opposition movement Urnma, told jour- 
nalists. “I tell you the war will spread.” 

Fighting has raged for almost a month in southern and 
eastern Sudan. 

Mr. Mahdi, who was prime minister until General Omar 
Hassan Ahmad Bashir overthrew him in a 1989 coup, said 
the president of the United Arab Emirates, Sheikh Zayed 
ibn Sultan an Nahayan. “told us he was ready to conduct a 
mediation effort.” 

He also said the United Stales has had contacts with both 
the opposition and the government. {AFP) 

Stay at Home, Cleric Tells Women 

CAIRO — A leading Muslim cleric in Egypt whose 
remarks last week about limiting the role of women sparked 
an uproar stoked the flames Sunday by saying women 
should stay at home. 

Mufti Sheikh Nasr Farid Wassel told the United Arab 
Emirates’ weekly Al Shuruk. which is to appear Monday, 
that his call for women not to seek positions of power 
because it would be against their nature 1 ‘was not a threat to 
their rights.” 

“The reality clearly shows that man is better able to make 
decisions on delicate questions and to judge things in a 
rational manner.” Sheikh Wassel said, adding that * noth- 
ing frees a woman from her duties at home. 

•‘Islam does not oppose the ascension of women to high 
offices ” he said. “We agree that they can be ministers, 
managers or members of Parliament, on condition that they 
do not forget their responsibilities to their husbands and 

children." ^ A 

Egyptian women, and some men. were up in arms after 
lastweek’s statements by Sheikh Wassel. whose remarks 
can be taken as religious decrees. 

‘ ‘litis is a shock, ’ ' said Mahmud Amin Alem, on eminent 
writer and editor in chief of the quarterly magazine Ad 
Kadaya Al Fikriya (Ideological Issues 1. 

Three women hold cabinet jobs in Egypt, a country 
where men can prevent their wives from traveling abroad 
without their consent. (AFP) 

Guatemala Military Mutiny Ends 

GUATEMALA CITY — Almost 1.000 military police 
who staged a four-day uprising demanding improved pay 
ended their revolr Sunday after their barracks was sur- 
rounded on order of the army high command. 

The news came just a few hours after the first exchange of 
gunfire between heavily aimed government troops and the 
mutinous forces holed' up in the Mobile Milicuy Police 

Earlier in the day, a military official who identified 
himself as Eric Quinones told the Spanish national radio by 
telephone the soldiers would not leave the barracks until the 
government yielded to their demand for $10,000 to be paid 
to all 4.000 members of ibe unit upon demobilization later 
this year. (AFP) 

Lefs talk. A truly global communications network is a bridge that spans the world. It's the bridge 
ivith your customers, suppliers and employees to help you build better business relationships. - \ ' " ' ‘ k 

BT (British Telecommunications pic) has this global network of services and applications. One that .:/■■■' v ' 

links over 1,300 cities m 110 countries. In Asia Pacific alone, BT is in 16 countries and 66 cities. 

If you want to build your bridge across the world, let's talk Global C^fntini(^^0nS 

Call us on EUROPE +44 1179 217721, ASIA PACIFIC +6Z 2 269 1784 ' ' . ^ V 

By Julia Preston 

Ne*> York Tunes Service 

Oct 9, federal prosecutors un- 
earthed a body on a ranch be- 
longing to Raul Salinas de 
Gortan and triumphantly pre- 
dicted that the cadaver would 
implicate him in one of Mex- 
ico's most infamous murders. 

Now, in a startling turn- 
about, the authorities have ar- 
rested his former mistress and 
a clairvoyant and charged 
them with planting die body 
in an apparent attempt to 
frame Mr. Salinas, the eldest 
brother of a former president 

And officials have dis- 
closed that they are actively 
investigating the possibility 
that the top prosecutor in the 
case and three of his assistants 
themselves took part in the 
plot against Mr. Salinas. 

Altogether, eight people 
were arrested for illegal ex- 
humation and burial of a 
corpse, conspiracy and per- 
jury. They are Maria Bemal , a 
young Spanish woman who 
had been Mr. Salinas’s lover 
Francises Zetina Chavez, a 
seer who claims she provided 
spiritual counseling to Mr. 
Salinas, and six relatives and 
friends of Mrs. Zetina. 

Top Mexico City justice 
officials announced that the 
corpse had been identified as 
the father of a son-in-law of 
Mrs. Zetina, who goes hy her 
nickname La Paca. He died in 
November 1993 of a head 
wound and was originally 
buried in a public cemetery in 
the capital. 

Tbe officials said that Mrs. 
Zetina ’s son-in-law, Joaquin 
Rodriguez Cortes, also a fol- 
lower of her religious cult, 
bad confessed that he was 
moved by spiritual instruc- 
tions from Mrs. Zetina to dig 
up his father's body one nigbt 
in early October 1996 and 
bury it behind tbe stables on 
Mr. Salinas's property in the 
hills above Mexico City. 

City investigators found 
the fingers and parts of the 
jaw, which were missing 
from the corpse when it was 
discovered on the Salinas 
ranch, in the family grave 
where it was first interred. 

The special prosecutor in 

the case, Pablo Chapa Bez- 
anilia. said in October that he 
was led to the burial site on 
Mr. Salinas's horse farm by a 
map and an anonymous letter 
provided by Mrs. Zetina, who 
said that “vibrations” had 
helped her locate the body. 

The anonymous note iden- 
tified the body os a federal 
deputy. Manuel Munoz 
Rocha, who has been accused 
of organizing the September 
1994 assassination of a prom- 
inent politician and has been 
missing since a few days alter 
that killing. The note accused 
Mr. Salinas of murdering Mr. 
Munoz Rocha by bashing him 
over the head with a baseball 

Mr. Chapa and other top 
Mexican justice officials said 
the corpse would be the * ‘con- 
clusive prooF' that Mr. Sa- 
linas had masterminded both 
the shooting of the politician, 
Jose Francisco Ruiz Massieu. 
and the murder of the missing 

That assertion proved to be 
tbe downfall of Mr. Chapa as 
well as the attorney general, 
his superior. When forensic 
tests showed that the body 
was not the missing deputy. 
President Ernesto Zedillo dis- 
missed them both. But the 
case has continued to be a 
major embarrassment for the 
Mexican justice system, 
which is in severe crisis na- 

Mexico City authorities 
said Friday that they had is- 
sued an order to place Mr. 
Chapa under house arrest and 
were preparing to charge his 
assistants with illegal inter- 

These events spell the final 
collapse of Mr. Chapa's cred- 
ibility and cast serious doubt 
on the entire case he sought to 
make against Mr. Salinas for 
the Ruiz Massieu killing. Al- 
though Raul Salinas has nev- 
er been convicted on any 
charge, be has been held since 
February 1995 in a maximum 
security prison. 

But the federal prosecutors 
said Friday that they would 
continue to press the hom- 
icide case against Mr. Sali- 
nas, the brother of former 
President Carlos Salinas de 

Senegal to Probe Crash 
Of Plane Full of Tourists 


Mexicans Arrest # 
Seer and Mistress 
In Salinas Case 

The Associated Press 

DAKAR, Senegal — The 
Senegalese transport minister 
appointed a commission 
Sunday to determine what 
caused the engine of an Air 
Senegal plane loaded with 
French tourists to stall as it 
took off, sending the aircraft 
crashing to the ground. 

At least 23 people died 
when die twin-engine turpo- 
prop, a British-made Hawker 
Siddeley 748, smashed back 
onto the runway and burst in- 
to flames Saturday, seconds 
after lifting off from the cen- 
tral city of Tam bacounda. An 
additional 29 people survived 
the crash. Most of them were 
French travelers. 

‘ ‘When we got to the end of 
the runway, the engines 
revved up and it was working 
OK, an unidentified surviv- 
or told Senegalese radio. 

“But after 30 seconds the 
engines stopped and we came 
down,” tbe survivor said. 
“The plane then crashed and 

broke into two. Those of us 
who survived were at the rear 
end of the aircraft.' ' Tlie front 
of the plane was engulfed in 
fire “like a furnace.” he said. 

The dead included the co- 
pilot, Vladimir Vierra. son of 
the president of neighboring 
Guinea-Bissau. The Seneg- 
alese pilot and a third Sene- 
galese crewman also died. 
The rest of the dead were 
European tourists, nearly all 
of them French, who were 
headed back to Dakar after a 
vacation in a wildlife park. 

The 5 2-sea ter plane was 
filled to capacity, and there 
had been scuffles at the Tam- 
bacounda airport as several 
tourists trying to board were 
not allowed on because there 
were not enough seats. Four 
people eventually were 
forced to get off the flight and 
drive to Dakar. 

Tambacounda is a base for 
tourists visiting the Niokolo- 
Kobvo national park, an an- 
imal and bird-viewing area. 






Sinn Fein Leader Denies Report He Sought Murder of Political Rival 

By James F. Clarity 

Net*' York Times Service 

DUBLIN — Geny Adams, the 
poUucai leader of the Irish Re- 
publican Army, on Sunday denied 
as rubbish” reports in London 
newspapers that a former IRA 
guemlia said Mr. Adams once dis- 
cussed murdering John Hume, the 
most prominent mainstream Ro- 
nuui Catholic leader in Northern 

The reports, in The Observer 
and The Sunday Times, quoted 
Sean O Callaghan. a former high- 
ranking IRA operative who later 
went to work for British intel- 
ligence, as saying, “I remember 
Oerry Adams asking me if we 
should kill John Hume.” 

‘‘Thai's total rubbish.” Mr. 

Adams said in an interview in Bel- 
fast “It’s a lie. I don’t want even 
to give it any credence by respond- 
ing to it in any detail or at any 

Mr. Hume, who has accelerated 
the current peace effort in the 
North by ccmfeirmg regularly with 
Mr. Adams, did not comment im- 

[Mr. Adams joined the families 
of the 14 victims of “Bloody 
Sunday” who were killed when 
British troops fired on civilian 
demonstrators 23 years ago, lead- 
ing thousands of people Sunday in 
a march in Londonderry to com- 
memorate the massacre, Agence 
France-Presse reported 

[Earlier, Mr. Adams renewed a 
challenge to Prime Minis ter John 
Major of Britain to mount a new 

inquiry into the Bloody Sunday 
shootings. An official investiga- 
tion in 1972 exonerated British 
paratroopers, who said they be- 
lieved they were under fire from 
IRA guerrillas attached to a civil 
rights demonstration by about 
80,000 people.] 

Normally, Mr. Adams and Mr. 
Hume are political enemies, con- 
tending for the electoral support of 
the province’s Catholic minority. 
Mr. Adams through his party , Sum 
Fein, and Mr. Hume through the 
Social Democratic Labor Party. 

In the election in 1992 for the 
British Parliament, Mr. Adams 
lost his seat to a Social Democratic 
Labor Party candidate, Joe Hen- 
dron. Mr. Adams has said he will 
seek the seal in the British election 
to be held by the end of May. 

' Mr. O'Callaghan’s latest state- 
ment, according to the London 
newspapers, is to be published in 
the next edition of Fortnight, a 
respected nonpartisan Belfast 

Mr.- O’Callaghan was released 
early from a British prison in 
December, after serving eight 
years for convictions on 43 
charges of terrorist crimes. 

Since his release, he has gained 
widespread celebrity for his sto- 
ries in a series of interviews iu 
newspapers and on several U.S. 
radio and television programs. 
Some leaders of the Insh-Amer- 
ican community have said the sto- 
ries were hurting the peace effort. 

Mr. O’ Callaghan has said that 
in the mid-1980s, he made de- 
tailed arrangements to assassinate 

Prince Charles and his wife at the 
rime, Diana. Princess of Wales, 
but canceled them at the behest of 
his intelligence handlers. 

He has also said that he worked 
for both the Irish Republic and 
British • intelligence services. 
There has been no corroboration 
of his accounts of his activities as 
an IRA agent. 

But officials of the Irish gov- 
ernment. who have access to Mr. 
O'Callaghan's intelligence rec- 
ords, have said privately that his 
stories are untrue. 

Some of those officials said that 
his release from prison was an ef- 
fort by the British at psychological 
warfare, to put Sinn Fein and Mr. 
Adams in a negative light. 

This, they say. is because Mr. 
Major's government has refused 

ra allow- Sinn Fein to enter broad- 
based peace talks in Belfast until 
the IRA restores the 17-month 
cease-fire it broke in February last 
year with a series of bomb attacks 
in England and later in Northern 

The talks have been stalled 
since June, and are unlikely to 
make any significant progress un- 
til after the British elections. 

Tim Pat Coogan. a historian and 
author of several standard refer- 
ence works on the IRA. said 
Sunday that Mr. O'Callaghan's 
stories were fabrications. 

“He is a brainwashed former 
IRA guerrilla, a relatively senior 
figure.” Mr. Coogan said. “First 
the Irish Special Branch turned 
him, then the British MIS. This is 
all an effort to disguise the British 

culpability in the breakdown of 
the peace' talks, to discredit Sinn 
Fein in the media.” 

In its front-page story Sunday. 
The Observer quoted Mr. 
O'Callaghan reporting in Fort- 
night a conversation in 1982. say- 
ing: * ‘Something new was needed. 
I remember Gerry Adams asking 
me if we should kill Hume.” 

Mr. O’Callaghan is reported to 
have advised against it. saying: "Ir 
was too late by then. The SDLP 
had become too big and respected 
by ordinary Catholics.” He was 
referring to Mr, Hume's Social 
Democratic Labor Party. 

“Killing Hume would have 
been u major disaster for the Prov- 
os." Mr. O’Callaghan is reported 
to have added, using the nickname 
of the IRA. 

CHIRAC: A French Jimmy Carter? He’s Liked but Seen as Flawed 

Continued from Page 1 

labeled a French Jimmy Carter — a 
notion that surely would be rejected by 
his aides. They insist his policies are 
starting to be accepted, evidenced by a 
slight improvement in economic indic- 
ators, and that he has turned polls around 
before, most notably to take part in the 
presidential race in 1995. 

But according to a Sofres poll for 
French regional newspapers released in 
mid-January (and reinforced Friday 
when the polling organization found the 
president in continuing decline), only 18 
percent of the voters canvassed found 
Mr. Chirac competent, while 69 percent 
said they were dissatisfied with his per- 
formance, and the same percentage said 
results of his first 19 months in office 
had been negative. 

The poll reported, however, that 42 
percent of die voters personally liked 
Mr. Chirac. Against the other numbers 
that chart French gloom — 12.7 percent 
unemployment, 76 percent of the popu- 
lace having negative opinions about the 
country's economic future (the most 

ises of lower taxes and a revitalized 
economy. He played a vigorous part in 
bringing the warm Bosnia to a standstill, 
but attempts to assert a French role in 
Africa and the Middle East have looked 
to bis critics fumbling and futile, and his 
decision to test nuclear devices in 
French Polynesia created a months-] ong 
nmning sore in international public 

The wider problems that Mr. Chirac 
has acknowledged he must deal with 
may, in some respects, be tougher than 
those faced by most of his West Euro- 
pean counterparts. As he has pointed 
our, the resistance that France reels to- 
ward the restructuring needed for its 
economy to remain competitive goes 
beyond straightforward economic de- 
cisions and to a sense that a national way 
of life that worked is being discarded. 

More than in virtually any other 
democratic country, France has operated 
with intense state involvement in every 
area of life. Moving away from that 
approach — by design or by the force of 
global markets — threatens scores of 
entitlements and heightens a sense of 

pessimistic in Europe), 24.5 percent job- impotence among people who are not 
lessness among people under 25 — Mr. used to risk and ai 

Chirac's situation appears difficult. 

“I find myself thinking very much 
like the average Frenchman on Chirac,** 
said Jean Lacouture. a writer who is the 
author of an acclaimed biography of de 
Gaulle. “I'd rather have him as a broth- 
er-in-law or a guy I go to a rugby match 
with. He’s not dumber than anyone else, 
but I don’t sense there's an intellectual 
framework there. 

“There’s no sense of strategy, no 
capacity for invention. Mitterrand was 
too complicated, with people assuming 
he was always or three jumps ahead. 
With Chirac, the assumption is he’s a 
jump behind." 

Philippe Alexandre, one of the coun- 
try’s most acerbic political commen- 
tators, said there was no real contra- 
diction in terms of French sensibilities 
between personal popularity and as- 
sumed mediocrity. 

“Tbe French like losers,” he said. 
“They loved Raymond Poulidbr, the 
bicycle racer, who always came in 
second or worse. And people tend to tike 
Chirac, although many now say Chirac 
isn’t on the level of his predecessors. 

“Good will, the absence of any in- 
tellectual vanity and tire desire to do 
good are not enough. It’s a verbal ex- 
ercise, the French presidency, and he 
doesn’t have much to make tbe people 

So far, Mr. Chirac offers no claim to 
having made good on his election prom- 

are sensing the sudden 
inappropriateness of their old methods 
and reflexes. 

Mr. Chirac has said as much: France 
has told itself so long that it is wonderful 
that it cannot conceive of change. 

“For reasons that have to do with our 
culture, the French have great difficulty 
accepting reforms,’ ’ the president told a 
French newspaper last week. ‘ ‘Since we 
lack a culture of dialogue, reforms are 
accomplished in bursts between long 
periods of paralysis.” 

The French, Mr. Chirac has ex- 
plained, are a profoundly conservative 
people with “a genius for denigra- 

The president may have been thinking 
of himself. He is portrayed nightly in a 
popular television puppet-show satire, 
tor example, as a friendly but hyper- 
active incompetent. Relatively tittle has 
been said in the French press about his 
extremely vigorous statements on ra- 
cism or the responsibilities of tbe war- 
time Vichy government (a subject fled 
by his predecessor, Francois Mitter- 
rand). But his energy is often depicted as 
flatting, and his ease with people made 
out as vulgar excess. 

Under the circumstances, the pres- 
ident’s method for dealing with tbe 
country’s and his own problems in- 
volves pressing ahead with programs of 
reform in youth employment, education, 
justice, and military service and de- 

But the accident-prone quality of his 
staff’s management was apparent last 
week in the mishandling of an undis- 
closed memorandum between the pres- 
ident and Chancellor Helmut Kohl of 
Germany on European defense policy 
that led to an embarrassing parliamen- 
tary debate and accusations that Mr. 
Chirac was abandoning Bench nuclear 

“I’m afraid we’ll hit the rocks one 
day,” Mr. Lacouture, die biographer, 
said. * ‘and he'll do his best He won’t be 
cowardly or stupid. He'll be generous. 
But he won't have seen die rocks com- 

Because of his seven-year term and 
the presence in the Bench government 
system of a prime minister who serves as 
an overseer of day-to-day domestic 
political matters — and as a lightning 
rod in the event of small disasters — Mr. 
Chirac is not under urgent pressure for 
quick fixes. 

But he cannot avoid paying attention 
to legislative elections in 1998 or tbe 
potential perception abroad that he is a 
failure at home. 

Max Gallo, a novelist and biographer 
who served as government spokesman 
during Mr. Mitterrand’s first term as 
president, said that, whatever doubts 
there were about Mr. Chirac’s capa- 
cities, he would probably win re-elec- 
tion if he ran next week. 

“His isn't the legitimacy of talent,” 
Mr. Gallo said, “but of affection.” 

“He’s the least bad possibility 
around. We can fear his mistakes, but 
not his deviousness or his dishonesty.” 

Panel Avioia/AfciKc FmKcPrcvc 

Yasser Arafat and Prime Minister Benjamin Netanyahu shaking hands 
Sunday after meeting at an economic forum in Davos, Switzerland. 

KLAUS: Czech Leader Bullish on Creation of Market Economy 

Continued from Page 1 

or probably goes to Poland, where eco- 
nomic growth in 1997 appears headed 
from 5 percent in 1996 toward the 7 
percent level it saw in 1995,accordingto 
the research group Oxford Analytica. 

Mr. Klaus, 55, was not shy about 
warning his Western neighbors that they 
would encounter risks along the path to 
Europe's single-currency project. 

“As an economist,” he said, “I ex- 
pect periods of divergent economic de- 
velopments in various European coun- 
tries that will — without the mechanism 
of flexible exchange rates — lead to 
conflicting requirements on the cent- 
ralized^ European budget” He added: 
“In this respect I envisage problems 
and conflicts.” 

During a debate at the conference that 

ACCORD* China and U.S. Agree to Raise Textile Import Quotas 

Continued from Page 1 

The imbalance in textile trade is one 
of the biggest contributors to the U.S. 
trade deficit with China, the second 
biggest after Japan. 

According to the Commerce Depart- 
ment the surplus reached $36.87 billion 
in the first 11 months of the 1996, sur- 
passing the record $33.8 billion for all of 

after 50 

and optimum performance by U.S. ex- 

According to the negotiator, China 
promised to remove many of the nontar- 
iff barriers that blocked U.S. exports. 
Among the U.S. exports that might ben- 
efit are fabrics, apparel and carpets. 

The agreement does not change 
Beijing's tariff rates on such imports. 
They are between 20 percent and 30 
percent for the most part. 

for four years _ - , , , 

at the end of last year and had been 
extended through January. 

The deal leaves in place some *19 
million in penalties placed by Wash- 
ington on Chinese imports. Ms. Hayes 
said, although Beijing agreed to with- 
draw its threat co impose retaliatory tar- 
iffs on certain categories of U.S. ex- 

P °But bilateral trade in textiles and gar- 
ments will remain heavily ra China s 
favor under the agreenMnt. 

tber details, saying the memorandum of 
understanding reached Sunday had yet 
to be finalized. 

Negotiators had given themselves un- 
til Friday to work out a new agreement 
but allowed the talks to drag cm for two 
more days as they haggled over the issue 
of U.S. access to darn's market 

Tbe talks were complicated tty U.S. 
accusations that China had skirted im- 
port quotas through mislabeling and 
transshipment, or shipping products 

Both sides also agreed to separate 
treatment of quotas for Hong Kong, Ma- 
cau and Chma after they revert to 
Chinese rule. 

Beijing trill reabsorb tbe British 
colony July 1, while Macau, a Por- 
tuguese colony, will revert to Chinese 
rate in 1998. 

Combining Hong Kong and China 
would have changed the trade scenario, 
said David Toung, a retail analyst with 
Argus Research, because of the large 
number of sewing factories in Hong 
Kong that would have had to be'included 
in the Chinese quota. 

Tbe trade pact was one of several 
areas in which Beijing and Washington 
have claimed progress as relations warm 
following two years of friction over 
Taiwan, trade and human rights, among 
other issues. 

Secretary of State Madeleine Albright 
is due in Beijing this month, and a visit 
by Vice President Al Gore is expected in 
the spring. 

While tbe final round of textile talks 

included the financier Geoige Soros and 
Jacques Santer, president of the Euro- 
pean Commission, Mr. Klaus found 
himself disputing comments by both 

He took issue with Mr. Santer’s prom- 
ise that a unified European Union would 
soon become a global power, saying, “1 
don’t want to become a global power." 
And he accused Mr. Soros of being too 
optimistic about the Ell’s chances of 
achieving significant political and eco- 
nomic integration over the next decade, 

"There has been a widespread in- 
crease in attempts to legislate — which 
means to control and regulate — almost 
everything in human life and human 
activities,” Mr. Klaus said of the Union. 
* ‘It is one dangerous development which 
we citizens of former Communist coun- 
tries know too well.” 

By contrast, Mr. Klaus said, in most of 
Europe’s post-Communisi countries, 
“the transformation of institutions and 
basic rules has been completed.” even 
though "those countries have not yer 
reached the level of development which 
they would have wished. ” 

The Czech Republic has made its dra- 
matic improvement, Mr. Klaus said, as it 
shifted from an economy based on man- 
ufacturing to one based on service in- 
dustries such as tourism, banking and 

He also outlined an ambitious pro- 
gram of privatization in the coming 
months that includes three of the na- 

tion's largest banks and an aircraft-man- 
ufacturing company. 

He said the first bank to be privatized, 
in the next few months, would he In- 
vestment and Postal Bank, which he said 
was worth roughly $1 billion. 

In addition, bidders are being asked to 
submit tenders for Aero, the state-owned 
producerof jet aircraft engines, which Mr. 
Klaus estimated was worth “a few hun- 
dred million dollars.” Other privatization 
candidates include the utilities Southern 
Bohemian and Western Bohemian. 

Mr. Klaus acknowledged at least one 
cloud on the horizon, the country's high 
trade deficit “This is the political issue of 
the day.” he said. He also claimed that the 
Czech Republic had opened its borders to 
trade with the Union more than the EU had 
opened its markets to Czech products. 

He also noted rather plaintively that 
the start of formal negotiations for EU 
membership had been repeatedly 
delayed “We are still waiting for ne- 
gotiations to begin.' ’ he said, adding that 
he had been promised that the formal 
talks would start six months after the EU 
completed its Intergovernmental Con- 
ference. “whenever that is.” 

Commenting on Prague’s desire to 
join NATO as soon as possible, Mr. 
Klaus said he had met here with Javier 
Solatia Madariaga, the NATO secretary- 
general: “We expect that we will be 
invited to join this July, after the NATO 
summit in Madrid. We take this for 
granted. It is what I expect.” 


Hailing a New Start 

Continued from Page 1 

launched with greater vigor.” 

Mr. Arafat expressed guarded op- 
timism about his upcoming talks with 
Mr. Netanyahu at the Israeli town of 
Erez on Thursday, one of their first 
meetings since they signed an accord 
last month guaranteeing an Israeli pull- 
out from most of the volatile city of 
Hebron. "We hope at the meeting we 
will try to solve all the problems we are 
facing.” he said. 

He and Mr. Mubarak both com- 
plained strongly Sunday that Israel was 
not doing enough to implement the 
terms of the 1993 regional peace agree- 
ment. known as the Oslo accords. Dur- 
ing his speech here. Mr. Arafat broke 
into English and raised his voice to 
protest “illegal settlements” the Israel- 
is were raising on the West Bank and 
"confiscatory " taxation. Mr. Mubarak 
also called on Israel to complete ail 
aspects of its withdrawal from Hebron 
and adhere to its other commitments. 

But the tone was milder than last fall, 
when an Israeli decision to open a tourist 
tunnel near Jerusalem's Al Aqsa Mosque 
led to violence that killed 60 Palestinians 
and 15 Israeli soldiers. Then. Mr. 
Mubarak boycotted an emergency sum- 
mit meeting on Middle East peace called 
by President Bill Clinton because he felt 
it would not achieve anything. 

Mr. Netanyahu has been much in 
evidence here in Davos, meeting with 
business leaders, pitching the growth 
potential of the Israeli private sector 
and, Friday, skiing. The visit marked a 
shift for the prime minister, who during 
his 19% election campaign broadcast 
campaign ads mocking his late prede- 
cessor, Yitzhak Rabin, and electoral op- 
ponent, Shimon Peres, fra: going to Da- 
vos and hobnobbing with the bigwigs. 

Mr. Peres also was here Sunday, sit- 
ting in the front row of the vast aud- 
itorium of the World Economic Forum 
as Mr. Mubarak, Mr. Arafat and Mr. 
Netanyahu made speeches to the 1 .000- 
plus attendees. The three did not appear 
on the stage together. They spoke little 
and sal at separate tables at a dinner 
Saturday night. 

Mobutu Heads Home 
With Stop in Morocco 


France — President Mobutu Sese Seko 
of Zaire, who has been convalescing on 
the French Riviera, will fly to Morocco 
on Monday to meet King Hassan and 
travel home to Zaire on Saturday, a 
spokesman said. 

Mr. Mobutu will meet the Moroccan 
leader "at the start of the week. Monday 
or Tuesday.” said Mobutu Nzanga. a 
son of the president and his spokesman. 

Mr. Mobutu has been in fiance con- 
valescing from surgery for prostate can- 
cer in Switzerland. Aides to the pres- 
ident said that two hospital examinations 
in Monaco during Mr. Mobutu’s current 
stay were satisfactory. 

ror^oer jjj n wonh of through" such wxermedimes as Hong was under way, the U.S. assistant trade 
Beytng pipped 5b- Starcs - m Kong — charges Beijing has denied. representative, Lee Sands, held separate 

v^r for wSll data are American companies that buy textiles discussioiis for 2Yi days on Beifiag's 

1995. the last year, t «hm> /»f nr nrmanal from China were watching the membership application to the World 

Trade Organization. 

Those talks ‘‘matte some progress," 
Ms. Hayes said 

If Chma gains admiss ion to the WTO, 
its conditions for entry may override the 

Washington ex- 

were watching foe 
■ Washington ex- 
tracted assurances from Beijing to stop 


American textile 

shipped $64 million worth of garments 

ana fabric to China m ■ . j^y did,” Ms. Hayes said bat she re- new textile pact, she said. 

22. to m Bloontert. Remrs) 

manufacturers transshipments. 

"The transshipment charges that 
were made in September still stand as 

MASCOTS: Australia’s Obscure Fauna Finding Olympic Fame 

Continued from Page 1 

Thai Sydney would have three mas- 
cots instead of one seems to represent foe 
spirit of compromise that Australians are 
known for. Some of the characters that 
were not chosen for the Olympics in- 
clude the crocodile, the venomous fun- 
nel-web spider, the cockroach, the red- 
back ant, toe blowfly and the sheep, that 

could P ut a stuffed hamburger out there 
SSit would sell.” Usually or* mtter 
enough for the Summer 

has been . masco ts since DacR ant, me ommy aw u» ww»p. 

Games, which have ; Tjooo Gobi the great bulwark of the bush economy. 
1972. In Bwcetanain but ended up as Animal biologists have found flaws in 

dog took mm***" the representation of the two mammals, 

one of toe ^cwssmi eyes are really qmte small 

Atlanta test «tm^ and barely noticeable, in contrast to the 

puBT-geno^rf b ^ bright, chray eyes of Millie, aid Dr. 
that did not sean to sym “* uCts David Schultz, the senior veterinarian at 
anything but sun w* u ur “ r 

the Adelaide Zoo. 

Moreover, the echidna, often de- 
scribed as a 'living fossil, has hind feet 
that face backward. Millie's face for- 
ward. Syd. the platypus, as well as Mil- 
lie, should have five digits on each foot, 
not die three toes and four fingers of tbe 
cartoon characters. 

"While I don’t go for cartooning an- 
imals,” Dr. Schulte said, “if you're 
going to do so, at least get them ana- 
tomically correct. Our wildlife is unique, 
and if we’re going to show it to the 
world, it should be accurate.” 


CalltodayforyourcompHmentary copy of my latest research reports, 
marketopinionsand performance records. Learn howyou can put 
my 1 9 years of professional trading experience to work directly for you. 



OUTSTANDING Analysis for AJl Major Markets 
EXC EPTIONAL Execution Forex or Futures 
COMMISSION Spot FX 2-5 Pip Price Spreads 

SUPERIOR Selection of Managed Accounts 
FREE Trading Software A Data 

COMMISSION Futures $1 2-536 Per R/T 

Prepare for Tomorrow’s Major Market Moves by Calling Toll-Free Toda 

Australia 1SDD1 25944 
Japan 0031 126609 

Belgium OB0O1 58811 Bermuda 18006784178 Brerif WM119215513 

prnmarH 80016132 HnftmrfO&OOl 1100G4 A-'ranrr 0800902246 
Hang Xuajr 8007 209 Inland 1800559294 Israel 1771 000102 

Hurra 0038110243 l.uxentbourx 080D4SS2 958008784178 

Peter G. Cat ran is 

Forex & Futures Specialist 

Columbia 980120837 
Urrrrr 0080011921301) 
Italy 167875928 
MrrM 060220657 
.V„ tfriva 0800996337 

1BODM45T57 V.Z«./«»d0800441880 IWji«d050112G32 Smgoport 800 1202501 
.(/■■iff 900931 007 3 wfrir 020793158 080089723 3 7*^^ 00180©1T9230^ Turkey 00600139319013 

l : nitfdKintd«m 0800966632 ImlirdStatr* 1B0099457S7 VS-TaU » uicf ♦714-376-8020 VSjToll Fav*7 14-37 6 -8 025_ 

International Foreign Exchange Corporation 


Discounted commissions - 24 hour Hading desk 
Internet site: - Reuters page IFEX 

86 be route de Frorflensx - 1200 Geneva - Switzerland 
Tel (41) 22 849 7411 - 24ftr (41) 22 849 7440 * Fax (41) 22 700 1913 


Investment Manager Stuart Ctwssie offers U.S. and non-U J5. cHenm 
investments the experts recommend. “... txtftonL toMerfomting. lax- 
efficient investments.- -Jonathan Ctofnarts, waff Street Journal Learn 
barware and brakes. Tax rewr*, wSs, tnsls 4 eaase planning also 
avatabte (or U.S. expatriates. Law fees. Far a tree brochure, pSrfofo 
ijggMartft Camden Df^Bewriy 


or a meeting hi Europe i 

* Ase 

310285.1759; Fax 1 310.373,^265. 




* Keen spreads; no cornmiujon 

* Minimum transaction SI 00,000 

* Competitive margin rates 

IG Index pic, 1 Warwick Row, London SW1E 5ER. Great Britain 

Tel: - 44-171 • 896*0022 Fax: - 44 - 171 - 896-0010 

For further details on bow to place your listing contact: Christopher SETH ft* London 
TeL- (44) 1 7/ 836 48 02 -Fax: (44) 171 240 2254 



*+ . 







All Talk, No Action 

ttbuilC. Plotting a Course on the Globalization Graph 

— «L A • iI«a umifh nn/i fm* thnc. 

The Clinton administration seems to 
have settled on a policy for dealing 
with the war criminals of former 
Yugoslavia: Speak frequently, and 
carry no stick at all. 

The latest renewal of the policy 
came Friday, when the chief prose- 
cutor of the UN war crimes tribunal, 
Louise Arbour, visited Secretary of 
State Madeleine Albright Afterward, 
the Scue Department spokesman 
Nicholas Bums said the two women 
had “agreed that there had to be a 
greater effort made to detain war crim- 
inals and prosecute them.'' Added Mr. 
Bums: “We have been saying that for 
well over a year now." Exactly so. 

The whereabouts of 65 indicted but 
uncaptured war criminals are. by and 
large, well-known to U.S. forces. In 
many cases, as Human Rights Watch/ 
Helsinki documented in two recent re- 
ports, the people running the towns, 
police forces and businesses of the 
Serbian portion of Bosnia are the same 
people who orchestrared the horrors of 
ethnic cleansing. These criminals have 
not been arrested because U.S. troops 
have chosen not to arrest them — be- 
cause. ultimately. President Bill Clin- 
ton has foiled to order their arrests. To 
say a greater effort must be made is 
meaningless: without U.S. leadership, 
nothing will happen. 

Defense Department leaders resist 
the mission, fearing for their troops. But 
some military officers realize that in the 

long run U.S. security is dimini shed if 
U.S. forces are perceived as paper ti- 
gers. afraid to challenge a few dozen 
bullies. Nor can U.S. forces fulfill their 
mission — bringing peace to Bosnia — 
as long as war criminals remain at large. 
Lately, it has become popular to focus 
on economic reconstruction as the an- 
swer ro Bosnia's troubles. But war 
didn't break out for economic reasons, 
and economic aid alone can't secure the 
peace. As long as the alleged war crim- 
inal Radovan Karadzic and his bench- 
men run things from behind the scenes, 
economic aid actually will flow to the 
criminals, including to people who 
have become rich by expropriating the 
property of “disappeared" non -Serbs. 
Their abuses continue today, having 
moved from mass rape and murder to 
intimidation on a more selective scale. 

The arrest of war c riminals would 
not only be morally right; it might give 
pause to like-minded thugs in the fu- 
ture. Conversely, empty rhetoric can 
only embolden future criminals. Last 
week, during a visit to the Pentagon, 
Mr. Clinton renewed his call for a 
permanent war crimes tribunal. This is 
as cynical as all the other words, for 
without an enforcement mechanism 
such a permanent court would be as 
weak as the temporary Bosnia tribunal. 
If the administration is not prepared to 
make such efforts real, it should at least 
stop talking about them. 


Africa’s New Mercenaries 

Mercenaries have returned to 
Africa. The new group, led by whites 
who once fought in South Africa's 
notorious counterinsurgency units, is 
called Executive Outcomes and ad- 
vertises its military services in fancy 
brochures. The organization, formed in 
1989, has little in common with die 
ragtag band of coup-plotters Africa has 
seen in recent yean. But it threatens to 
be just as destructive. 

• The group's spokesmen say it works 
only for legitimate governments, un- 
like the anti- Communist mercenaries 
Mike Hoare and Bob Denand. 

. The soldiers, many of whom are 
black, make at least $2,000 a month 
and use modem weapons like heli- 
copter guns hips. For roughly $60 mil- 
lion, Executive Outcomes led an op- 
eration that defeated Angolas 
guerrilla army, something the govern- 
ment had been trying to do since the 
country's independence 22 years ago. 
In Sierra Leone it organized the defeat 
of a powerful insurgency and allowed 
the country to hold elections, re- 
portedly in exchange for a diamond- 
mining concession. The group, which 
claims to have relationships with 30 
governments, may next be hired fay 
Zaire's dictator to defeat a rebel group 
in eastern Zaire. 

Executive Outcomes owes its rise to 
the end of the Cold War. Africa’s 
formerly ideological civil wars have 
now become competitions for control of 
natural resources. In addition, in some 
nations, government officials have left 
police and soldiers unpaid and undis- 
ciplined. Some African leaders, like 
Mobutu Sese Seko in Zaire, have re- 

fused to pay or train their militaries, not 
wanting to create forces that could turn 
against them. The West, for its part, is 
no longer willing to spend money or 
blood to intervene, leaving a vacuum 
that private companies are eager to filL 

The dangers are clear. There is noth- 
ing to keep the soldiers of Executive 
Outcomes from falling into terror, 
destabilization and banditry. Many of its 
leaders got their start carrying out the 
South African government's terror cam- 
paign against its domestic opponents 
under apartheid and supporting Pretor- 
ia’s clients in Mozambique, Namibia 
and Angola during that era. In Angola 
they fought alongside the guerrilla army 
they helped defeat in recent years. 

The soldiers of Executive Outcomes 
are not accountable to anyone other 
than foe organization's leaders. If foe 
mercenaries commit atrocities, cit- 
izens have no recourse. The com- 
pany's financial arrangements are also 
troubling. If governments reimburse 
the group by granting it mining con- 
cessions. for instance, political leaders 
are effectively surrendering control of 
vital national resources. Regaining 
control when payment obligations 
have been met may not be easy. 

Although Nelson Mandela’s gov- 
ernment says it is going to outlaw 
Executive Outcomes, it was happy for 
a time to have foe group's soldiers 
occupied elsewhere in Africa, instead 
of making trouble at home. Mr. Man- 
dela is right to start worrying now. It is 
not in foe long-term interest of South 
Africa or its neighbors to encourage 
Executive Outcomes. 


Healthy Bickering 

The public bickering between 
American and Saudi officials over the 
investigation of foe deaths of 19 Amer- 
ican airmen could turn out to be 
healthy. American officials usually go 
on tiptoe in matters involving the royal 
family, in deference to the style it has 
chosen for its survival. But Saudi of- 
ficials had stymied direct American 
access to witnesses of foe Dhahran 
bombing. This put Washington in the 
untenable position of being unable to 
discharge its obligation of inquiry to 
men who died while serving their 
country. Saudi acknowledgment of 
this prime requirement in a democratic 
society would help clear the air. 

Unfominately. foe Saudis seem still 
to be marching to a different drummer. 
The U.S. purpose is to find out the facts. 
The Saudi purpose appears to be to 
promote a particular theory — that Iran 
sponsored a few Saudi Smite terrorists. 
Officials are reluctant to gram that the 
deed may have been done by home- 
grown religious conservatives opposed 
to the Saudi- American connection. 

The matter might be left unresolved 
if events were not carrying Saudi Arabia 
and the United States into ever closer 
mutual engagement. The United States, 
slow to conserve energy, needs more 
and more Saudi oil. The Saudis need 

U.S. patronage and protection. Even 
when they undertake a more indepen- 
dent policy — for their own defense, for 
instance — they do so in increasing 
reliance on .Washington — on its tech- 
nology. spare parts, bases, arms and 
political will. That is bow those 19 
Americans came to be in Dhahran. 

But American technology, culture 
and military presence offend foe Saudi 
religious right. 

Saudi Arabia is now reportedly eye- 
ing foe purchase of 102 advanced F-16 
American warplanes. Assume that this 
$5 billion to $15 billion package sur- 
vives its premature disclosure. It will 
intensify a gathering internal debate 
over foreign orientation, budgetary 
priorities and even military priorities. 
Already this debate has given inter- 
national topicality to whether the royal 
family will retain adequate legitimacy 
and whether Saudi Arabia itself may be 
treading the path of the shah's Iran. 

The United States has a long friend- 
ship of convenience with Saudi Ar- 
abia. Its continuance remains a major 
interest of both countries. But circum- 
stances require more clarity and candor 
from Saudi Arabia as well as the 
United States in working out their 
complex tie in newly trying times. 


-Tlf’ 4 W WTEHMTliWAI. Mat « 4 

licralb ^fej g trtb uttc 





RICHARD McCLEAN, Publisher <£ Chief Executive 
MICHAEL GETLER, Executive Editor 

■ WALTER WELLS, Managing Editor • PAUL HORVTTZ, Deputy Managing Editor 
CARLCEW1RTZ, AssocMir Editors • ROBERT I. DONAHUE. Editor of the Editorial Pages 
• JONATHAN GAGE, Business and Finance Editor 
• REN£ BONDY, Deputy Publisher 

• JAMES McLEOD. Advertising Director • DID1HR BRUN, Circulation Director. 

DiWMurdela publication: Richard McClean 

Imenmwoal Herald Tribcnc. 181 Avenue Oarka^Gatille ^?! lfaiily-mr-Swnf pnm iv ■ 

TeL: ill4M3.93.00. Fax: Git. (I) 4143.92.10; Adv, (I) 4L43.92.I2. E-Mail: Ougihixoni RMS 
Edtkirfjr Asia: Michael RiHurJwn. 5 Canwrh«n Rii. SInstptiff 05 1 1 TfLf6}J472-7768.FairfW)274-2Jj4 ARK 
Mne. Da Astu. RNj D. Kmttpuhl. 50 Gloucester fid. Hong Kong. Tel &52-2Q22-II88. F<u: 852-2922-1190 
Gn .Myr Germany T SchOrr. Friedrichs*. 15. ORCJ FnmifarM. TeL *49(N97l2S(H).Fai:+49fmri250-2D 
Pres IS: Michael Conroy. 850 Third Are.. Nr* York. N.T. 10022. Tel. (212) 752-3890. Fat- 1212) 7SSS7S5 
L'Ji. Advertising Office: 63 Long Aar. London WC2.Tel.ini)B^-4W2.Fax:(I?I\240-2254 I in 
SAS. au capital dr 1 200.000 F. ECS Ntwterre B 73202(126. Ctmmaskm Patitaire No 61337 ■££& 
Oi 997. International Herald Tribute. AH rightt named ISSN:02MQS2 U Sa 

D AVOS, Switzerland — The Times 
Mexico correspondent. Julia Pre- 
ston, recently told me an intriguing 
story about the Zapatista guerrillas, foe 

effects of tree trade and glofxaLL^on 
on Mexico. Last year, the 7-apari«t«re 
held a convention in the jungles of 
southern Mexico, entitled “The Inter- 
continental Forum in Favor of Human- 
ity and Against Neo-Liberalism.” The 
closing session met in a steamy, mud- 
hole amphitheater and was lea by Za- 
patista leader “Subcommander Mar- 
cos” — a Mexican combination of 
Robin Hood and Ralph Nader. The 
session ended with the Za patistas doing 
a kind of drumroll and anno uncing the 
most evil, dangerous institution in foe 
world today. To a standing ovation, the 
Zapatistas declared the biggest enemy 
of mankind to be foe WTO — the 
World Trade Organization in Geneva, 
which promotes global free trade. 

It's not surprising that the Zapatis ta* 
figured out that the WTO was the em- 
bodiment of globalization and was hav- 
ing a huge impact on tbetr lives and johs. 
What’s interesting is how many serious 
scholars recently have joined foe Za- 

By Thomas L. Friedman 

patistas in asking whether globalization 
— foe integration of trade, finance and 
information that is creating a single 
global market and culture — is a threat 
to humanity or its salvation and whether 
It’s inexorable or can be rolled back. 

Just last month you have George 
Soros’s essay in The Atlantic Monthly 
entitled “The Capitalist Threat,” in 
which the financier argues that the 
spread of brutal global capitalism has 
replaced communism as the main forest 
to democratic societies. You have Wil- 
liam Greider's new book, “One World. 
Ready or Not: The Manic Logic of 
Global Capitalism.” * You have a pro- 
vocative essay by Harvard's Dani 
Rodrick. published by the Institute for 
International Economics: “Has Glob- 
alization Gone Too Far?” And you 
have a counterattack by Deputy Treas- 
ury Secretary Lawrence Summers, 
whose latest speech, “Integrating Na- 
tional Economies," argues that eco- 
nomic integration promotes stability 
and prosperity, and that we shouldn’t 
give in to the “separatists.” 

This is becoming one of the most 
important foreign polity debates (and 
was a hot topic at this year’s Davos 
World Economic Forum). Now. some 
of these writings are misleading — - 

Butwhile it can’t be stopped there 
are two things that can be done to it: We 
ran go faster or slower — that is, we can 
sign more or fewer free-trade agree- 
ments. And we can do more or less to 
cushion the negatives of globalization 
— that is, we can strengthen or shrink 
our social safety nets to help foe losers- 
and we ran invest dor or less in edu- 
cating our people to take advantage of 

If you want to know who you are in 
this debate, draw one line going from 
east to west. On one extreme are the 
separatists, those who want to shut 
down globalization and economic in- 
tegration, and at the other end are foe 
iruegrationists, those who believe 
globalization is not rally inevitable but 
good and want to sign more free-trade 
deals until we have global free trade 
from east to west. 

Then draw a second line from north 

to south. At the south end are those who 
believe the state should take total care 
of foe losers from globalization, with 
everything from Social Security retire- 
ment benefits and health care to train- 
ing programs. These are the safety - 
ne tiers. At the north end are those who 
believe the essence of globalization is 
Darwinian economic competition, and 
foe winners should take all and the 
losers should take care of themselves. 
These are foe let-them-cat-ca&ers. 

This handy matrix explains politics 
today: Bill Clinton is an imegrationist/ 
safety-netter. Newt Gingrich is an in- 
tegrarioni5t/lec-foem-eai-caker. Ross 

Perot is a separatist/let-them-eat-caker 
and foe Zapatistas are separatists/safety- 
ne tiers. This explains why Mr. Clinton 
cap niign with Mr. Gingrich on NAFTA 
but oppose him on Social Security re- 
form, or why Mr. Perot and Subcom- 
mander Marcos are allies on NAFTA 
and opponents on everything else. So 
forget the political labels hawk and 
dove, left and right That's oidspeak. Put 
yourself in this matrix and find ouL who 
you are, and who your allies are, in the 
next great foreign policy debate. 

The New York Times. 

A Quest for Dignity: Understanding China Through Its Art 

leine Albright is to go to 
China later this month on her 
fust trip abroad as secretary of 
state. The best way she can pre- 
pare for Beijing would be to 
spend a quiet afternoon at foe 
National Gallery of Art in 

A visit to the gallery’s 
* 'Splendors of Imperial China’ ' 
exhibition could provide Mrs. 
Albright with insights into fun- 
damental cultural and political 
truths about China that do not 
surface in foe closed-door brief- 
ings given by foe usual China 
scholars and experts convoked 
by her predecessors. 

The experts wall tell Mrs. Al- 
bright things she already knows: 
how important foe Chinese re- 
lationship is, how sensitive foe 
Leninist oligarchy of foe 
world’s most populous nation is 
to criticism, how Washington 
must defer to Beijing’s uncer- 
tain transition and emergence as 
a world power. 

"The views of top American 
academics and policy experts on 
China are so monolithic and pre- 
dictable that those seminars have 
become pointless,” says a U.S. 
official who has observed foe 
process with growing despair. 
“It goes way beyond clientitis, • 
or conventional wisdom.” 

The Economist magazine re- 

By Jim Hoagland 

cently echoed this view in an 
article that suggested tbs China 
experts also have an extraordin- 
ary record of being wrong. It 
pointed to foe self-confessed 
“sentimental Sinophilia” of foe 
late John Fair bank, “the most 
famous Western pundit on 
China,” who lived to regret his 
1972 declaration that foe Maoist 
revolution was “foe best tiling** 
that had happened to the Chinese 
people in many centuries. 

Gerald Segal of the Institute 
for Strategic Studies, a dissi- 
dent in tire expert ranks, was 
quoted listing other dismal mis- 
calculations by “foe priest- 
hood” about China's interven- 
tion in Korea, its murderous 
agricultural policies and foe na- 
tional devastation caused by die 
Cultural Revolution. 

The treasures on display at 
the National Gallery survived 
that upheaval unscathed be- 
cause they were brought from 
Beijing's Forbidden City to 
Taiwan by Chiang Kai-shek in 
1948 and placed in the National 
Palace Museum. 

Continuing rivalry between 
Taiwan and the mainland has 
nothing to do with foe larger 
political truths that infuse this 
collection of 450 ink paintings 
and calligraphy, jades and 

bronzes, porcelains and land- 
scape scrolls. It is the centrality 
and durability of art in Chinese 
life, and its role in governance, 
that is highlighted . by these 

On these scrolls Chinese art 
unfolds progressively, revealing 
an unending search for moral 
order in a chaotic universe. Cal- 
ligraphy is both “a revered art 
form” and a political instrument 
for the Chin^. according to foe 
exhibit's catalogue: 

“(tee of foe most significant 
outgrowths of the political uni- 
fication of China” 2,000 years 
ago* ‘was the standardization of 
the written language.” Calli- 
graphy became “a key source 
of cultural identity.” Skill in 
this visual poetry became an 
essential qualification of the 
scholar-officials who molded 
Chinese society. 

China's bureaucrats, and 
some of its emperors, were also 
dolled artists and intellectuals. 
They made form as important as 
content, in poetry and politics. 
Urey helped create or embellish 
an art font exists outside foe lin- 
ear frames of Western painting 
— “an art of space," in tire 
phrase of Simon Leys, a former 
Belgian diplomat who served 
in Beijing. 

“The Chinese actually pos- 
sess one more art” than does the 
West, Mr. Leys wrote last year 
in The New Ycak Review of 
Books when this exhibition 
opened in New York. In Chinese 
history, “the written word pos- 
sessed foe power of ordering foe 
cosmos and of generating real- 
ity.” This script conveys mean- 
ing beyond language. 

A quest fra 1 order and for dig- 
nity, and a revulsion against cor- 
ruption, are the central themes of 
tire exhibition’s works that I 
found most powerful. They echo 
in visual form the conversations 
I had with student demonstrators 
in Beijing's T iananmen Square 
in May 1989. 

The students began those 
demonstrations seeking an apo- 
logy from Deng Xiaoping's dic- 
tatorship for having maligned 
their patriotism in the official 
press. They gradually expanded 
their concerns to official cor- 
ruption (which has skyrocketed 
since then) and the lack of 
democracy in China. But their 
essential demand remained a re- 
turn to decency and dignity by 
their rulers. 

Instead, the regime murdered 
many of the students and their 
supporters on June 4, 1989. 

Even as astute an observer as 
former Secretary of Defense 
William Perry has let time ob- 

scure the true meaning of the 
demonstrations. When 1 asked 
him in a recent interview to de- 
scribe what the demonstrations 
had been about, he responded 
by reciting (although not en- 
dorsing) the regime’s claim that 
it had to crack down on dan- 
gerous revolutionaries. 

These an treasures show that 
the students' values were more 
in keeping with traditional 
Chinese society than are those 
of Mr. Deng and his henchmen, 
who will soon play host to Mrs. 

Visiting and understanding 
this exhibition will help her not 
be taken in by the experts who 
say that “Asian values” make 
democracy and commercial 
honesty unattainable options 
for Chinese society today. The 
National Gallery exhibit punc- 
tures those arguments. 

Mrs. Albright took office 
promising to “tell it like it is.” 
She thus set far herself a high 
standard of truth-telling. But she 
promptly retreated behind a 
verbal smoke screen about 
* ‘multifaceted relationships” the 
first time she was asked about 
China by the press. She owes the 
people of China and their tra- 
ditional standards — as well as 
her own, recent self-proclaimed 
standard — better than that. 

The Washington Post. 

Emphasis Must Be Put on Forging a NATO-Russian Charter 

B russels — NATO’s 
plans for the eastward 
spread of stability are under 
pressure. The enlargement pro- 
cess is moving forward inex- 
orably. but Russia remains as 
inexorably opposed to iL 
The hoped-for prior agree- 
ment for a formal NATO-Rus- 
sia relationship is still outstand- 
ing. Although allied officials 
repeatedly stress that foe two 
are not linked, it is clear that 
they must develop simulta- 
neously to achieve foe declared 
aim of a stable Europe. 

The timetable for enlarge- 
ment is fixed and the process has 
reached the stage of no return. 
Repeated encouragement from 
top allied leaders has all but 
assured at least three candidate 
countries — foe Czech Repub- 
lic. Hungary and Poland — that 
they will be invited to join. Any 
reversal, such as nonratification 
by the Parliament of a member 
country, would cause a powerful 
reaction within than mat could 
impede their progress to demo- 
cracy and European integration; 
it could also seriously unbalance 
the presenr security situation. Of 
tins, foe Russian political es- 
tablishment is well aware. 

Yet the other part of this 
equation is still not solved. 

NATO’s offer in December 
1994 of an enhanced consulta- 
tion mechanism was never 
taken up by Russia, and sub- 
sequent attempts to persuade 
Russia to define its require- 
ments have been unsuccessful. 
The enlargement timetable now 
presents Russia with a window 
of opportunity for establishing 
its post-Cold War world pos- 
ition that it should use before it 

The window was opened by 
NATO when, in its first-ever in- 
ternational negotiation as an or- 
ganization. it mandated Secre- 
tary -General Javier Solana 
Madariaga to speak for it. His 
visit to Moscow last month was a 
big step forward. Although on 
substantive issues a large gap 
continues to exist, he obtained a 
Russian response to NATO pro- 
posals. As a result a negotiating 
process with a gre ed-upon dates 
and subjects is now under way. 

It will require courage and 
imagination by both parties. 
NATO will have to open up a 
pan of its decirion-making 
mechanism to Russia, and Rus- 
sia will have to make clear to its 
population that it cannot have a 
veto over alliance decisions. 

A certain power imbalance 

By Frederick Bonn art 

cannot therefore be excluded, 
but initially the aim is common: 
the definition of a relationship in 
which Russia is, and is seen to 
be, an important and active part- 
ner in major decisions on Euro- 
pean security matters. 

Dearly, no nonmember of 
foe alliance can be allowed a say 
an Article 5, common defense, 
matters. However, for the fore- 
seeable future, NATO's mili- 
tary operations are likely to be 
peacekeeping or peacemaking 
actions. In these, as in Bosnia, 
nonmembers can and do par- 
ticipate. Russia could play an 
important part, not only because 
of its size, latent power and am- 

bition, but because it could 
make a valuable contribution to 
alliance efforts. In the Balkans, 
Russia's voice is likely to have a 
powerful effect on traditional 
allies, and common efforts can 
achieve difficult objectives; the 
present Contact Group on Bos- 
nia provides a good example. 

In peacekeeping, common 
military action is not only pos- 
sible but desirable; cooperation 
with the Russian brigade in 
Bosnia was outstandingly 
successful. Plans for action in 
such fields could be made 
without adopting a prior NATO 

In the original 16-plus-one 

The Nuclear Nightmare 

T HE FACT IS that although 
the Cold War is over, foe 
nuclear posture it spawned is 
not. President Bill Clinton 
boasts that missiles have been 
retargeted and are no longer 
trained on children. But the tar- 
geting. which is almost in- 
stantly reversible anyway, is the 
least of it. The United States and 
Russia maintain strategic nu- 
clear forces at reduced but still 
great Cold War levels. The man 
with foe “football,” foe signals 
that unleash Armageddon, still 
stays 24 hours a day at foe heel 
of the two presidents. 

Add to this foe new peril that 
has risen in Russia since foe 
Cold War aided — the risk of 
an accidental or unauthorized 
launch or theft of a weapon as a 
result of foe frightful societal 
indiscipline — and you have 
plenty to be anxious about. 

So far in the ’90s, nonethe- 
less, the hot missiles in foe polit- 
ical bazaar are those that might 
end up in the unfriendly hands 
of the international rogues — 
Iraq. Iran, North Korea. This 
specter put America on a track 
to a missile defense. 

But there is no matching con- 
cern for missiles that are already 
in the friendly hands of the 
United States, and Russia. The 
first-term Clinton review of 
American nuclear posture, says 
the Reagan defense aide Fred 
Ikle, “did not go far enough in 
moving away from mutual as- 
sured destruction principles.” 
Hence foe nightmare scen- 
ario of an accidental Russian 
launch that, under prevailing 
American doctrine, would trig- 
ger a first strike or quick second 

strike aimed at a full range of 
Russian military targets. Since 
Russian missiles are similarly 
postured, the Heniy L. Stimson 
Center reports, “an accidental 
Russian launch could trigger an 
overwhelming and unnecessary 
disaster for both countries.” 
Against this remote but ima- 
ginable contingency, the much- 
cited dangers of a rogue missile 
attack begin to be reduced- to 
size. A rogue attack would pre- 
sumably involve only a missile 
or two; an accidental Russian 

launch, hun dreds if not thou- 
sands. There is a chance of de- 
terring a rogue launch by a 
threat of nuclear response, but 
by definition an accidental 
launch cannot be deterred. 

Enough has been learned 
since the Soviet Union disin- 
tegrated to warrant a deeper nu- 
clear posture review. 

The first goal would be to take 
crisis decisions off automatic in 
doctrine and machinery so as to 
give policymakers time to make 
a considered response to nuclear 
attack. The second would be to 
reduce the numbers of weapons 
in arsenals on both sides. 

Mr. Ode argues that NATO 
should go to a “no first use” 
nuclear policy. Instead of main- 
taining an obsolete nuclear de- 
terrence agains t a no longer 
conceivable conventional at- 
tack In Europe, the alliance 
should firm up deterrence and 
make proliferation “less inter- 
esting to the proliferators” by 
making credible preparations to 
punish a rogue state's first use. 

— Stephen S. Rosenfeld, 
commenting in The 
Washington Post. 

forum, NATO undertook the 
analysis process, came to a de- 
cision and then invited Russia to 
consultations. The system 
evolved, and extended ex- 
changes of views now take place 
at different levels, sometimes 
before a NATO decision. But 
while the mechanism enhances 
transparency, and hence estab- 
lishes confidence, it does not 
provide Russia with a say in the 
final decision. 

A new method would see foe 
analysis process carried through 
to arrive at agreed-upon de- 
cisions by 17. NATO could 
work out a schedule of situations 
in which such cooperative ac- 
tion is possible. This could range 
from concepts and planning for 
peacekeeping operations, in- 
cluding ccaitmgehcy plans; to 
training and exercises for such 
actions; as well as to related 
equipment and administrative 
arrangements. In any such future 
NATO operation, Russia could 
be automatically included in the 

process from the be ginning 

This method would require 
the permanent presence in foe 
organization of a number of 
Russian officials and military 
staff officers. These would op- 
erate at NATO in Brussels as 
well as in the headquarters of 
foe military structure. It would 
mean a parallel organization. 

not completely part of NATO 
but closely linked to iL 

The deal would have to ex- 
tend further. Russia would have 
to ratify START-2, and moves 
would have to be made toward 

Transparency in military 
budgets, planning and force de- 
ployment would have to be mu- 
tual. In turn, NATO would have 
to show flexibility at foe ne- 
gotiations for the amended 
European force reduction 
agreement Also, although foe 
organization cannot irrevocably 
commit itself on nondeploy- 
ment of nuclear and conven- 
tional forces or infrastructure 
extensions into any new mem- 
ber country, it can codify their 
present intended limits. 

This should provide suffi- 
cient guarantees to both sides 
for an agreement to be reached. 
Togefoer with a schedule for 
common action, a basis would 
exist for a formal NATO-Rus- 
sia charter, signed for the al- 
liance by its heads of stale or 

Russia would then be. and be 
seen to be, in a position of 
power and responsibility in foe 
European security architecture. 
It could be an important step in a 
stable and harmonious Euro- 
pean security relationship. 

International Herald Tribune 


1897: Cretan Clashes 

ATHENS — The situation in 
Canea is extremely grave. 
Armed Christian bands are 

swarming down from the higher 
villages and are engaging in 
constant skirmishes with the 
Mussulman bands. Unremitting 
firing is heard in the town, 
where a panic reigns. The 
Christian population are shut up 
in their houses and shops. The 
Mussulmans are preparing a 
general assault, but fear foe 
approach of outside bands. 
M. Markoulakis. a Christian 
judge, was killed in foe 
stre ets. C rete is manifestly on 
foe verge of fresh insurrection. 

1922: Denying Darwin 

LEXINGTON — Hie whole of 
foe State of Kentucky is deeply 
Stirred at the action of the State 
Senate in giving serious con- 
sideration to a Bill that forbids 
foe teaching of foe Darwinian 

evolution theory in any schools 
or colleges receiving funds from 
foe State Treasury. Educators 
throughout the country are 
united in their support of Pres- 
ident Frank L. McELvey , of Ken- 
tucky University, who is leading 
foe fight against the measure. 

1947: The “New Mafia’ 

PALERMO — Sicilian Com- 
munists — local leaders in the 
movement to break up the great 
estates — charge that “Mafia 
assassins” are responsible for 
foe deaths of seven labor leaders 
in Sicily “in a campaign of 
murder to prevent land reform.” 
“The New Mafia,” as it is now 
known in Sicily, is under the 
orders of men who came back 
rich from America, settled down 
quietly to wait Fascism out and 
then assumed leadership in the 
new organization. They advo- 
cate foe independence of Sicily, 
which could then be ruled 
completely by foe New Mafia. 



<ir '>P\ 

■ . 
t liv 

i3 '+- 
* >■*' - 

ttet 4 - ; . 


r. t > r*‘ 
V' : - -• 

* f.'M ■ 

mi*»h t is ^ 


» * ’ 

* l»f 

i*y. «■■■ 

(f *hc ••■ 

Pt-*» -■ 

% • 


|V4< - 


x ■ 

s*»r -3 ' 

i *.** 

Amw ■ 
A “ 

ft Mbr«* 

I ■ 1 

***» r 

* a* 1 

08812(11 (ha 



r * 




The Tribulations of Quotidian Life 

By William Safire 

WASHINGTON — “Anrid the 

Hfo-’SlSf 11 triaIs of suburban 
He ^ Newstt «ek in appreciation 
of Erma Bombeck, “she fotuSTway 
to make us laugh.” J 

quotidian is just the 
sort of word foot the late humorist 
would never use. She dispensed simple 
wisdom in pJam style: “Never goto a 
doetor whose office plants have died.” 
Highfalutin language was not in her. 

„ Qjj^tidian is a highbrow word for 

ordinary, humdrum, routine.” The 
pest synonym for that Sunday word is 

everyday, but many writers shy 
away from such a commonplace word. 
J he Latin roots of quotidian are quotas 
J“ what number,” and dies, “day.” 
Otter words from the 7 ntm quotas in- 
clude quote, quotient, and the mfomnne 

“School uniforms, the evils of to- 
bacco, and the mindless dreck on tele- 
TOion,” wrote Michael Elliott in The 
Washington Post, are die *. quotidian 
issues' * engaging so many of us today. 
(Dreck, first cited in prim by James 
Joyce in “Ulysses,” is a Yiddish word 
that today is euphemized as “rubbish, 
nonsense, junk.”) In The New Yoric 
Times, Trip Gabriel noted that Bill 
Gates of Microsoft foresees a future in 
which people equipped with pocket 
PCs will no longer need “quotidian 
encumbrances” like money, identific- 
ation, or a watch. 


The word is hot, and when a word 
beginning with qu gets hot, ordinary 
readers — quotidian types — need to 
brace for it Just look at the rise of 
quantum. Thar word, from the T-afrn for 
“bow much,” was legalese for 
“amount” in En glish law courts for 
centuries. Then along came Max 
Planck and Albert Einstein wilh a the- 

ory of matter and energy that Fajw be- 
came quantum mechanics and quantum 
field theory, about the nntytam way 
Atoms and molecules work. 

When did quantum begin leaping 
and jumping? More to the point, when 
did quantum gain the metaphorical 
sense showing a “su d d e n, significant 
increase”? On Dec. 3, 197ft .“The 
ability of marine technology,** wrote 
for New Scientist magazine of Lon- 
don, “to take quantum leaps in in- 
novation mwrns that a laissez-faire ap- 
proach to ocean mineral resources can 
no longer be tolerated.” 

Every tune I use quantum jump to 
mean “giant step" or “rafical in- 
crease,” unclear physicists wearily 
write to point out bow iBogical the 
phrase is, — that in their teeny -tiny 
atomic universe, the change is so small 
as to be hardly observable. But what do 
physicists know from semantics? The 
phrase means what laymen tafcw it to 
mean, and we think of it as one whop- 
ping lurch into a new order of mag- 

When Professor Alan Sokal of New 
Yoric University parodied literary the- 
orists in an unsuspecting academic 
journal, he subtitled his spoof “To- 
ward a Transformative Hermeneutics 
of Quantum Gravity," illustrating foe 
vague voguishness of quantum. And 
when The wall Street Journal reported 

personal favorite in this nexus of nos- 
talgia, “whilom" is archaic.) 

Some years back, Milton Lewis, a 
former colleague of mine at foe old 
New York Herald Tribune, expressed 
his irk at my too-frequent use of the 
verb aver in one of there columns, and 
identified himself under his signature 
as “Qaondam,N.Y. Herald Tnbune.” 
When his note was included in a col- 
lection of these language columns, and 
came out signed “Milton Lewis, 
Quondam, N.Y.,” he wrote again to 
ask, “As a quondam New Yodcer, can 
you please tell me where ‘Quondam, 
N.Y. might be?” Ain’t no such place, 
except in a former life. 

the financier George Soros’s Quantum 
Fund, the headline chosen was the pun- 
ning “ Quantum Fund: No Leap.” 
We’re not out of the Q Soup yet 
“The Mnseo Archaeologico is a gem 
of a collection,” wrote Glean Collins 
of The New York Times, “housed in a 
buBding that is a copy of a quondam 
temple.” Is a quondam temple the 
latest place for a campaign fundraiser? 
No; ttie word comes from foe Latin 
quean, “when,” and means “former, 
previous, onetime, erstwhile.” (My 

In the queuing-up sweepstakes, 
there is a final entry, though the qu 
sound is spelled more logically. The 
New York Thnes’s Maureen Dowd, a 
quondam reporter who is now anything 
but a quotidian columnist, took a 
into political sociology 
with an article justifying the return of 
debutante cotillions among the White 
Anglo-Saxon Protestant community: 
“If there is Kwanzas, why nett oc- 

Kwanxaa, according to an Internet 
rite specializing m the subject, is a 
seven-day, post-Christmas, post-Ha- 
nukkab, nonreligious African-Amer- 
ican holiday ‘ ‘formulated, devised, de- 
veloped, and initialed by Dr. Maulana 
Ron Karenga on Dec. 26, 1966" to 
celebrate the black cultural heritage 
and spirituality in the black family. 

In Clarence Major’s 1994 dictionary 
of African-American slang, Juba to 
Jive, Kwanxaa is defined as a Swahili 
word meaning “first fruit” Another 
Swahili word with the qu sound used 
by celebrants is kwaheri, a farewell 
expressed with the expectancy of 
meeting again, a happy note on which 
to conclude today's column. 

New York Times Service 



By Diane Johnson. 309 pages. $23 S5. . 

A William Abrahams Book/Dutton. 

Reviewed by 

Christopher Lehman-Haupt 

P ARANOIA and cultural disorient- 
ation are foe staple ingredients of 
Diane Johnson's fiction (“The Shadow 
Knows," “Persian Nights,” “Health 
and Happiness," among other bodes). 

She mixes them well in her latest 
novel, “Le Divorce," the events of 
which are set off when Roxeanne de 
Persand, a Californian living in Paris, 
learns foal her French husband is leaving 
her shortly after having made her preg- 
nant with their second (Mid- . 

Although foe husband, Chailes- 
Henri, bates up with another woman IfinSd-' 
asks for a divorce, the couple’s respect- 
ive parents try to keep up confial re- 
lations in the interests of their grand- 
children. The strain of their effort will 
produce both comedy and catastrophe, 
as well as an acute portrait of French- 
American cultural conflict 
Tbe story is narrated by Roxy’s step- 
sister, Isabel Walker, a film-school dro- 
pout who is good at describing scenes 
but doesn't always catch on to what 
they’re really about. Isabel has been sent 
to Paris from Santa Barbara to keep an 
eye on Roxy and baby-sit her 3-year-old 
during the pregnancy. 

Although Isabel does her duty, she also 

amuses baself. She takes on a series of 
odd jobs with members of Paris’s Amer- 
ican community. And she starts an affair 
with Charles-Henri’s elderly uncle, Edgar 
Cosset, formerly a member of the Cham- 
ber of Deputies and still an influential 
voice on the French national scene. 
Considered the beautiful but dumb 
kid sister, Isabel is avid to improve her- 
self. endlessly inquisitive about French 
manners and full of shrewd instincts. 
Before taking up with Uncle Edgar she 
refines her pickup technique: “JTIdoup 
my hair ana wear my glasses, the men 
will be subtly more prospcxous-looking 
— - smooth businessmen and visiting 
Germans. If I wear a scarf around my 
neck, I will be taken for a French girl. 
ScarL no scarf, hair up or down. Thus, 
controQ^ng my. destiny, I made foe ac- 
gtia&tahCe bft&t) attractive men. ’ ' " 
One catalyst of Johnson's any is an 
old painting of Sl U rsula, the vixgm mar- 
tyr, in Rooty’s Kving room that she got 
from her stepfather (Isabel’s father) and 
gave toherhurixodas a weddmgpresenL 
Oncetfaought to be worthless, the panning 
has lately attracted interest as possibly 
befog foe wqdc of a student of Georges de 
La Tour, and has even been requested for 
an exhibition loan by the Getty Museum. 

While Charies-Henri has renounced 
foe painting infos divorce request, his 
family politely suggests that perhaps it 
ought not be sent to the Getty until foe 
divorce is resolved “It is a French pic- 
ture, after all” says Charles-Henri's 

By Alan Tmscott 

QOME of the most inter- 
kJ esting defensive moves are 
those that sever the opponents’ 
communications, and foe 
ffjagp»n«ri deal from the_ In- 
ternational Team Trials is a 
case in point 

West was Seymon Deutsch 
and he led foe dub two 
a gains t foe opposing contract 
of three no-trump. Dummy 
played low, and East’s ten 
was captured by foe king- 

South led foe heart king, 
and when West won with foe 

ace East signaled with the sev- 
en of diamonds. West accord- 



4 JO 
0 A J852 
0 431 

4 AKQS5 3 

410 7 B 2 
. O- 

4 A. 19 81 

SOUTH (p) 


4 K 98 

Neither ride was vrUneraMe. ThebM- 

Saudi West ■ North But 

10 Pass 14 Pass 

20 Pass 84 Pass 

3 NLT. Pass Pass Pass 

West ted the chib two. 

ingjy shifted to a diamond. 
Sooth captured foe tea with 
the king and led a low heart 
West won with the jack and 
tbe moment of truth arrived in 
foe position shown at right 

After a routine diamond 
play from West, South would 
have won and cashed two 
heart winners with decisive 
effect This would have been 
a triple squeeze without tbe 
count, and foe best East 
would have been able to do 
was to bare his ebb ace and 
throw another diamond. 
South would . then have 
ducked a chib to establish the 
ninth trick that foe needed. 

Instead Deutsch shifted to 

the spade jack, removing 
South’s vital link to the 
dummy, and South could not 
make more than eight tricks. 





4 J9 


* 10782 
0 — 

♦ ab 



0 A8 




i Ravioli base 



io Nicholas was 

u Sow 

«The Emerald 

18 "WhSt'S ■ — - 


« Communication 
means for 

aa Grotesque 

aa Eat lflw a rabbit 
23 Trees wiih 


M Tries again 

as Cornett’s home 
2 T Passover event 
•• Spanish gold 
a» Moral principle 
31 Convened again 
arr "Cheeifer in 


*» Dumb—— 

•o Lens* oi yam 
4 a Spud 

4B Agrees (with) 

<7 Bang and buzz, 

« Graphed _ 

i Reddish brown 

Solution to Ttsxde of Jan*3 1 

m Comes t o QgW 
cr Communication 
means at the 

ca Eat away 

•e Once, once 

MBkie-p«ic 8 

t The'Th inker' 

. creator 
•j Henna and 


#4 Old newspaper 

a» Sugary • 


i AukJlangsyne, 
with the 5 
■Perfect server 
3 CorrvnunicaMon 
means at saa 
4 ‘Jeopardy I* 

#■ —makes the 
a Takes five 
t Minuscule 
•Period of history 


10 Kavtog trees 
« Unites 
laUkePtea’s - ' 

14 Parts ' . 

Pepsi bottle size 
M SpUt the cards 

a ‘Star * 

St * Mamar* 

ae More than 

a Communication 
means for 

M Language - 

- spoken n 

34 Doaa (aeaworic 
as Upsets 
a* JoaA Carreras, 

for one ; 

41 British 

43 Ones at the top 
of their 

,4» Stapleton 
Airport afte 

4 a Lined up 

ee Pent up - 

•4 Tizzy . . , . 

«S Actress 
- MoClurg 

sa Faxed - 


- words 

ONetc Yo rk Times/Edited by Will Shorts. 


TV MKwnlhn 

BEAKED, BEACHED AND PEAKED — Two beaked whales that landed on a Sydney beach being tended 
to by lifeguards and Australian wildlife officers. Rescuers planned to transport tbe stranded pair, believed 
to be a mother and calf, back to the water after they rested from the trauma of being washed ashore. 

IRAN: Tehran Says It Received $5 Billion in Loan Guarantees 

Continued from Page 1 

te European and Japanese govern - 
:-backea loan guarantees that Mr. 

mother when Isabel appeals to her on 
Roxy’s behalf. As estimates of foe paint- 
ing's value rise (it may even have been 
dene by La Tour himself!), so, too, does 
the covetousness of family members on 
both sides. 

As the tension mounts, the plot veers 
into melodrama that serais a bit outsize 
for foe scale of tbe events that lead to it. 
Where Johnson never loses her touch is 
in tracking Isabel's romance with the 
French. At a crucial point in the story die 
finds that ber relentless study of foe lan- 
guage has finally paid off; “I understood 
what people were saying in the Metro." 

She continues: “It was something of a 
disappointment to discover that all those 
words, so alluringly expressed in drar 
matic, unintelligible and unreproducible 
sounds, organized themselves into 
banalities one might bear on the bus in 
Santa Barbara (if one took buses there). 
But the pleasure of being in on it, at last, 
initiated, thrilled me all foe same. From 
then on I eavesdropped like a spy." • 

Isabel eavesdrops tike a spy and pen- 
etrates the cititore more and more deeply. 
But the question posed so wittily by “Le 
Divorce” is whether Isabel is listening to 
banalities or embodying them. Is she an 
American spy or a French one? Her 
eagerness to connect leaves one to won- 
der, in her search for an identity, which 
culture has Isabel finally divorced? 

Christopher Lehman-Haupt is on the 
staff of The New York Times. 


meat-backed loan guarantees 
Nourbakbch said had been obtained in 
the last six months do not technically 
violate U.S. sanctions because they are 
in foe from of goveanment-togoveni- 
ment commitments rather than direct 
foreign investment by companies in oil 
and gas projects. U.S. officials in Davos 
declined to comment on the Iranian bank 
chief's assertions. 

Mr. Nourbakbch conceded that U.S. 
pressure cm its allies, especially Ger- 
many. to reduce its trade with Iran, had 
been a problem fra his government. But 
Ik said tbe problem had been overcome 
as many companies from Germany and 
other European nations were now eager 
to do business in Iran. 

“Our main purpose here is to explain 
our economic situation, especially in re- 
lation to sanctions.'* Mr. Nourbakbch 
said, referring to his presence at foe 
annual World Economic Forum in Da- 
vos. “We try to assure businessmen that 
finally we arc on tbe right track and 
despite all die U.S. pressure we are suc- 
ceeding in re-opening credit lines from 

government insurance -backed pro- 

Mr. Nourbakbch. a former finance 
minister who is two years into his second 
term running foe central bank, said U.S. 
sanctions had caused Iranian inflation to 
jump to a high of 60 percent in 199S 
before declining 10 a current rale of less 
than 20 percent. 

Outside observers have said that Iran 
in recent yeara has gone through an 
economic crisis because of high infla- 
tion, a heavy foreign debt burden, and a 
large current account deficit. Mr. 
Nourbakhch said Iran's current account 
in 1996 had a surplus of nearly $4 bil- 
lion, compared to a deficit of more than 
$6 billion in 1992. 

He said that Iran’s budget deficit used 
to be 4 -percent of gross domestic 
product, but was now just 0.2 percent. 

The Iranian central bank chief ad- 
mitted that a big problem had been volat- 
ility in Tehran's exchange rate. 

“In 1995 there was tremendous pres- 
sure on our currency, and it was deeply 
depreciated, to around 5,000 rials to the 
dollar. But we have fixed it at 3,000 rials 
to the dollar, and that has helped,” Mr. 
Nourbakhch said. He said foe fixed ex- 

change rate had helped in foe battle 
against inflation. 

Mr. Nourbakhch indicated that he was 
proudest of what he claimed was Tehran's 
success in restructuring $22 billion of 
external debt, owed mostly for export 
credits from government-backed pro- 
grams. In 1993. he said. 76.1 percent of 
this debt and arrears was short-term, 
meaning it would come due in 12 months. 
But at present, be said, the shon-temi 
portion had been reduced to just 20.7 
percent of the $22 billion of debt. 

Mr. Nourbakhch said Iran was most 
grateful to its trading partners, and es- 
pecially Germany and Japan, each of 
which accounted for 20 percent of the 
money owed by Tehran. Loan guaran- 
tees from Italy and France represented 
15 percent and lOperceru respectively of 
the $22 billion debt burden, he said. 

The central bank governor offered 
Tehran's traditional denial of all U.S. 
allegations foot it supports Hamas and 
other terrorist groups operating in the 
Middle East and elsewhere. 

“We are not involved in any terrorism 
activities,” he said, adding, ‘ ‘We think we 
are victims of terrorism because Wash- 
ington supports opposition groups.” 

CIA: Lake Lobbies the Tnside Crowd ’ in Bid for Intelligence Job 

'Continued from Page 1 

Alabama, who wfll chair the Select 
Committee on Intelligence hearing on 
Mr. Lake, now scheduled for Feb. 25. 
has not yet declared whether he intends 
to oppose him. But in a television in- 
terview Friday be said, “I would ques- 
tion whether or not Lake was foe best 
nominee for the job right now for the 
CIA.” He added, “He brings a lot of 
controversy ” and “we don ’( need foar at 
this time or any time” ar die QA. 

Mr. Shelby already has twice post- 
poned foe confirmation hearing. The 
committee is waiting far the results of a 
Justice Department inquiry of Mr. 
Lake’s failure to- sell certain stocks, in 
alleged violation of ethics rules, and of 
apparent inconsistencies in congression- 
al testimony by him and other admin- 
istration officials on Iranian weapons 
sales to Bosnia. 

Meanwhile, Republican aides are 
closely examining the advice Mr. Lake 
gave Mr. Clinton over the past four 
years, while serving as foe president’s 
national security adviser, on a half- 
dozen controvcrkal foreign policy mat- 
ters, from the U.S. interventions in Bos- 
nia and Somalia to Mr. Lake's handling 
of CIA reports on Chinese missile ex- 
ports to Pakistan. 

To win approval fra his nomination. 
Mr. Lake ana his farmer colleagues in foe 
White House have aimed their sales pitch 

in part at influential lawmakers such as 
Senator John McCain, Republican of 
Arizona, and John Warner, Republican 
of Virginia, and at current and retired 
CIA employees. As one official stud, 
gaining the support of “the inside crowd 
is just as important as the outside crowd” 
because CIA veterans are a generally 
tight-knit clique with unusual access to 
conservative lawmakers on Capitol Hill. 

Mr. Lake has met, fra example, with 
nearly every framer CIA director to so- 
licit their views about needed intelli- 
gence reforms. He also has met indi- 
vidually with almost all of the members 
of the Senate committee in an effort to 
quash what he has privately described as 
a series of “myths % ’ being spread about 
his former ties to liberal causes and 
institutions that were critical of foe QA 
and its activities. 

He has repeatedly denied, for ex- 
ample, allegations by opponents and 
conservative publications foal he was 
once affiliated with Washington’s In- 
stitute for Policy Studies, a think tank 
heavily populated by critics of the CIA’s 
involvement in Central America, or that 
he helped set up a purported offshoot 
known as the Center fra National Se- 
curity Studies, which challenged many 
CIA covert actions. Mr. Lake has said be 
merely delivered a lecture to a gathering 
at foe Institute for Policy Studies. 

These false ideas, said one White 
House official, are being circulated by 

“the real right wing that hates foe pres* 
idem.” The official said these are 
“people who are paranoid about liberal 
infiltration of foe intelligence commu- 
nity.” He added. “They think he's a 
leftist pinko." 

One of the most striking aspects of the 
lobbying effort is Mr. Lake's assiduous 
courting of current and retired officials 
of the CIA’s clandestine wing and their 
supporters, some of whom are openly 
critical of Mr. Lake on ideological 
grounds alone. They ate, for example; 
that he resigned from the Nixon ad? 
ministration to protest tbe bombing of 
Cambodia during the Vietnam War and 
later headed foe policy planning staff at 
foe State Department under President 
Jimmy Carter, where he supported arms 
agreements with die Soviet Union and 
helped elevate human rights as a dip- 
lomatic priority. 

Also, while teaching international re? 
lotions at Mount Holyoke College, Mr. 
Lake published books that included cri? 
deism of foe former QA director Wil- 
liam Casey and referred to the ili effects 
of “destabilizing CIA interventions” in 
Chile and other countries. 

“He is,” said one retired senior in? 
telli grace professional, “simply too 
damn liberal to have the job” of CIA 
director, a position that this veteran 
claimed historically has gone to officials 
who favor a more hard-line, self-inter- 
ested approach to U.S. policy-making. 







r - 








a - 































11 ■ 






■ ■ 





I s 


S 1 








E ] 






Escorts A Guides 






wnas + 

Etcort Aganc? Cntf Cmk Heaw 


0171 589 5237 

WbrtfB Rrel A Mwt EttWw Savks 
Uodefa. Bnuty GWmt, aansbe 
HUH bgaft ussst COupniMl 

Hdqtrs, 212-765-7896 NY, USA 

-* 1 iH ■■nrrti MM 

Sente imkhiiita. Credi amis, duds 
acupMl Hw rites A ptnks h ofka. 






(1)212 7851919 



++ 44(0) TWO 77 04 11fi2Q3 



LONDON 0171 362 7000 

Al tads. Advance bookings Mfcow 

lutemrfortf Escort & Ton! Saws 
VIhih 4+43-1-535*11)4 d OB* cards 

art* + area. Was Fiance g, Ml 
B ern I Basal Black USA top model 
Nice Mas & gents. 7-days; al eards. 
"VOGUE" Tat -41 (U) 78 353 387B 

SI DuHrhanip Plioi, Leaden SW1 
TBfcto-584 8513 

Crf 022/346 00 BB! 


and Dimr Dale San* lor Htoi or Hbt. 
+31 (D) aw* 02 111 / M QZ 608 

Prints Bran Servfce 
Tflt 017Z ■ 301 45 95 


Prato A Owing Woman 
Escort Sente. Cal 022 / 321 9fl ffl 


It’s never been easier to subscribe and save. 
For more information just call: 


the ^oftiirs tuny KEy&w ’ 

Gabh Escort Benin +49fQ)l71-53l1BQ5 

* * ■ DUSSODORF •• • 
■ELEGANCE" Escort + Travel Semico 
Tflt 0211 • 435 08 87 

TEL 0171 722 5006 CndR Carts 

Un-s Escort Agency 
feSM cd 088 -97 60 65 

Senes. BeantfU. rtefcera. ttamto & 
tfeamaL AB eras carts M71-2B&41&5 

TEL LONDON 0171 4SB5789 

LONDON 0T7T 985 05M 

Cal KW 1 23 M or W72-37D 1M 

*** UADfflD HARMONY *•* 

EXCUSE Top Escort Santa. BigUt 
Tut t34 1 386 36 88 Of SOB SI 89 6 * 

Escort Sente in New Yak Cto 

Mato Escort Service, tartan Wf. 
T* 0171-035 2525 

XUttA. BLACK. Organ! I Eriwnml 
Lontail HeriJhow Pihwe BcM Swricn. 
0151 906 2261 Crerffl Car* Wstom 

WPEscot Sente photo to view ratal 
London clica 0171 835 0005 il coda 

wawwwste KBwsjrg atcat 
Santa. Frtendv, ctemnt, attractive, 
cant Day 8 night {t+43 1) 53S5D4* 

■ JBrtB - 

'■ * 



** 1 

PAGE 10 



Web -Savvy Workers Snag Top Salaries as Firms Race to Set Up Sites 

By Barbara B. Buchholz 

A'fii York Times Set nee 

Companies are still struggling to find 
ways to profit from the Internet, but 
many people who set up and run cor- 
porate web sites are not having the same 

As the number of sites on the World 
Wide Web has tripled to 300.000 since 
last year, demand for people to manage 
corporate sites has far outstripped the 
supply. Companies have been recruiting 
computer-savvy workers right out of 
college and. in some cases, high school. 
Some positions come with salaries high- 
er than those paid for comparable jobs in 
other computer fields. 

The Software Publishers Association 
says a computer graphics artist makes an 
average salary of S36.400 and a pro- 
grammer $42,600. 

But a recent survey by Buck Con- 

sultants. an employee-benefits and com' 
pensation -consulting firm in New York, 
found that the same jobs, when Web- 
related. were paying $46,600 and 
$46,200. respectively. 

Salaries are continuing to rise as more 
companies scramble to open Web sites 
— and what better place to find qualified 
workers than at the Web sites and graph- 
ics departments of other companies? 

ing firm to manage its site for more than 
$60,000 a year, a 30 percent increase 
over his previous salary. 

Recently, another programmer, Craig 

Huber, changed his mind about leaving trained them itself. 

year when it expanded its site. After 
unsuccessfully looking for 30 people 
with the right skills, it hired people from 
a variety of backgrounds and then 

after the company said it would give him 
a percentage of his billings. That could 
raise his salary 40 percent, to more than 

“You're constantly recruiting,'’ said 

Brian Paris was a graphics designer at John Kilcullen, business development 

an insurance brokerage firm when the 
Web came knocking. He now manages 

manager at Graphical Business Systems. 
“You find people with the right skills. 

the Web site at Maxwell Architects in call them back, and they’re gone.** 

Nashville, Tennessee; the new job has 
increased his salary 20 percent, to more 
than $40,000. 

Graphical Business Systems, an Elm- 
hurst, Illinois, company that develops 

fruit of the Loom Inc., a clothing 
company, hired 15 people for its Web 
site m 1 995 and lost two of them to other 
companies within two months. 

“Retaining them has been difficult,” 

The jobs have salaries ranging from 
$25,000 for Web customer service rep- 
resentatives to $100,000 for the new 
manager of Web operations. 

A director of on-line business typ- 
ically has 10 to 15 years of corporate 
experience and has come up through a 
company's marketing or information 
services department; a Web program- 
mer, on die other hand, may have no 
corporate experience but will be fluent in 
several progr amming languages, said 
Paul Gavejian, a principal at Buck Con- 

industry consulting firm In Cambridge, 

“What you need to make a Web sue 
successful is to get customers there and 
keep them there,” he said. “That re- 
quires workers with hybrid skills. 

When Greg Siskind, author of “The 
Lawyer's Guide to Marketing on the 
Internet” (American Bar Association, 
1996, $64.95), founded an immigration 
law firm in Nashville, Tennessee, two 
years ago, be wanted to set up a one-page 
Web site. But be did the work himself. 

“There was no consulting industry to 
tap,” be said. 

As the site grew, he hired two lawyers 
who also Web skills to design and 
manage the site. 

“We were seeking two things: law- 

Web sites, lost two of its eight pro- said Glenn Banfield, director of elec- Most in demand are workers with yers knowledgeable about immigration 

grammers in December. 

One began his own Internet company; 
the other moved to an executive-recruit- 

troruc commerce at the company. 

The Weather Channel in Atlanta bad 
trouble finding more Web workers last 

extensive advertising or direct-mail ex- 

rience. said Bob 

ing or dire 

senior ana- 

Forrester Research, a computer- 

law and attorneys who were Internet- 
savvy and could help with all the traffic 
on our Web site,” Mr. Siskind said. 

Freelancers can prom, too. , 

Brent Brotine left a Chicago advert- 1 
using agency three years ago to sort hisi 
own communications fum. He writes the* 
content for Web sites of several banks.! 
insurance companies and mutual funds.* 
Although he would not disclose his in-! 
come, he said it had risen about 50< 
percent since he left the ad agency. \ 
How long can the boom last? At leasti 
five years, predicted Jodi Bemoff of 
Forrester Research. ! 

1 ‘The industry is where television was 1 
in 1952," he said, “in its infancy.” ! 

Others are more skeptical, saying- 
companies may begin to abandon Web! 
sites if they fail to lead to increased sales.* 
“It's tiie Gold Rush of the ’90s.” stud; 
Alan Johnson, a compensation consultant* 
in New Yak, “butdon’tbediockedifit; 
doesn’t workout” 


K adored gicntiea towd and present) 
(irrougtiout die uorid. now and forever 
Sacred Hean nl Jesus, pray Mr us 
Sainl Jude, worker of nrades, pray lor 
us. Saint Jute. Wper of the hopeless, 
pray tor us Amen Say ths prayer nine 
times a day. by ifw ninth day. your 
prayer will Be answered ll has never 
been town to toil Pufifcason must he 
onxnsed. MGrTT. 

and St Jude lor special prayers an- 
swered. A.V. 


Auto Rentals 

WEEKEND: FF515. 7 DATS: FF1500 
TEL PARIS +33 (0)1 43 68 55 55. 

Legal Services 

DIVORCE n 34 his. Lawyer. No Travel. 
Since 1969. Tet ++972.9 7718292, Fax 
972.9.7718294. http://www.herto.j5ra- 
dxotrtovorce. Cotroertirt & dsoeie 

CaH or Fax (714) 96&8S95. Writs 15787 
Bead) Burt. #137, Huntington Beach. CA 
92648 U.SA- e-mail - waoimG| 

DIVORCE M 1 DAY. Ho trawl Write-. 
Bax 377. Sudbury, MA 0177G USA. Tet 
900443487, Fax 508W4M183. 

Attention visitors Business Opportunities 

from the U.S! 

If you enjoy rearing the IHT 
when you travel, why not 
also gel it at home? 
Same-day defiveiy avaAable 
in key U.S. cities 

Call (1) 800 882 2864 

(h New Tort cal 212752 3890) 

H era l KlS£ri b un c 





19 Peel Ram, Dwtfu, We rt Hen 
Tel: 01624 526591 
Roc 01624 62126 
London Tel: (171)222 8886 
Fax: (171) 233 1519. 

£ Mart No. MtanOema ip ri— jwt 









Please cental Bad Defter. UD 


24-02 Baric of America Tower 
12 Hattouil Road. Central. Hong Kong 
Tet 852 25220172 Fax 852 2S215399 
Web pages: WWW.0CRA.C0U 


With Class A tense and correspondent 
bark retadonshjp. factories tatting 
company wffli Zurich office, and a U.S. 
subsfcfciy Mh New York Qy office, arxl 
a UJC subskfary win London office. 
Irrenedte acqiatftn. 100 % control 
GROUP. Nassau fit 242404-7060. 
Fax 242-394-7082. London tartar 
44 181 539 8246 


Top 50 World Bar* Issued. 

For information fax 617 SS 943 604 
Mco Botha, Austrafe 

ditie or advee Tet London 44 181 741 
1224 Fax: « 181 748 85580338 



Ideal fax-aradance vsMcfas: 

Low profite. tax free European. Suitable 
for tradng, constancy & other 
aofrties For imetfele semes contact 

EBbh Murphy. Director, Sovereign 
Company Sendees, 56 FfcariBam 
Square, Dubltn 2, Ireland. 

Tefc + 3S3 1 B61B4S0 Fax: 6618483 

Business Services 

Lowest Inf I 
Telephone Rates! 

Cal The USA Ftott 

Germany SL33 

UK 8L2S 

France .50.3? 

Swtaofand SL36 

Sweden — SO. 25 

Saudi AraOa £009 

Cal For AN Races 
25% Cnmbatan 
Agents Wetewnri 


Tat f -407-777-4222 Fax 1-407-777-8411 



Lowest Rates 

Enjoy nan greater savings on 
international calls. Benefit tram the 
same low refae 24-toure a day. We 
secure (he dearest and most ratable 
fates. Use Kalfoadt from home, wort 
or hotels and save. 

Cal now and sm more today! 

Tel 1-206-284-8600 
Fax 1-206-282-6666 

Lines open 24 hem 
Agents toqutoas wtoome! 

Financial Services 


Ventura Capital Finance Avertable 
far Government ftqads and 
Government Companies 
that are tor sale. 

Large Aqeck ourSpadafly 
Aha Long Tern Finance far 
Large and Smal Companies 
No Gemma ti on Urrt Funded 

Needed fa ad as Liaison 
Please reply to Engfcfi 

tavasbnat bmtan 
18311 Yertrna fflvd, Suite 999 
Eildno, Ctafamte 91438 USA. 
Fax Nu (BIB) 905-1898 
TlL (B18) 769-0422 

417 Second Avenue Wed 
SsetUe. WA 98119 USA 

Bond Street - Mail Photo, Fox, Telex 
Tet 4* 171 499 9192 FB 171 489 7517 

Real Estate 
for Sale 

French Provinces 

Do Var, M acres fani Main nousa wfii 
ton®. 300 sq.m. faring specs, 3 bed- 
rooms, 2 bemoans. 65 sqja sitting 
man, dining room + Bruy + office. 
Guest house: 3 bartons, 3 batfwxxna. 
40 sqjn. bungalow. Swfamlngj pool 
sauna vtnenmta, (nil trees. rF3.7U. 
Cal 433 (0)142382746 / (0)483347400 

Real Estate 
for Rent 

Paris Area Furnished 


ktaal accommoddkxt aufofi bedrooms 
Qurtfo and sntoa aasreed 
Tel *33(0)1 4752011 Fax (0)1 4K1 7577 

Handpcted quefty apartnifints, al rime 
Puts and auburtx 

Tel +33 [0)1 -46148211. fex (0)1-461 48215 

Web# you bat I 

Fumshaf apartments, 3 mams a more 
a lrtroshed. imUmM mm. 

Teh +33 (Ml 42 25 32 2 

Fee +33 Ml 45 S3 ST OB 

Pa ris Area Unfurnished 

Embassy Service 

Tel: +33 ( 0 ) 1 47.2L30.05 

HE SAINT LOUS ■ Beautiid 2 rooms, 

a n b, M floor/ no M, UN (IMF 
equipped krtchaa FFfi^OO iml 
NO FEE Td: +33 (0)1 39 52 77 75. 

equipped kttcfwn. 1 baths, sunny. 
F13£00 month. Td +33 (0)1 4Z72 3325 


So did nearly half a million well-educated, 
influential and successful readers. 

Shouldn't you advertise your commercial 
property in the 





the convention 


Gland, Switzerland 

The Convention on Wetlands has a vacancy as from 
1 5 September 1997 for its second mosr senior position. 
The principal responsibilities of the post are re provide 
advice and assistance to the Secretary General and 
Regional Coordinators on policy, technical, and scien- 
tific issues relared ro rhe implementation of the 


- university degree or demonstrated knowledge in at 
least one subject relevant to wetland conservation 
and sustainable use (e.g. geography, biology, hydrolo- 
gy. marine sciences, natural resources management, 
land-use planning) 

- extensive work experience in nature conservation 

and/or sustainable use Issues , 

- minimum 3 years work experience in a senior position 

- computer literacy 

- excellent English (preferably with a knowledge of 
French and/or Spanish). 


Potential applicants should access the full vacancy 
announcement at Rumsar Web site: 

http :// 

Lunder “What's new’’); or obtain a copy by contacting: 
Julia Tucker, Ramsar Convention Bureau, 
tel: 41-22-999.01.70, fax: 41-22-999.01.69, 

^ E-mail: ^ 



Vous uvez 5/7 ans d'experience de pnjfdrence en 
cabinet. Vous etes volonlaire, imaginatif et vous 
maitrisez parfaitement i’angiais. Un double cursus 
an el os ax on serait un plus. 

Aterci d'adresser en inure confidentiality votre C.V, lenre 
de motivation dactylographiee. photo sous ref.: CYRL 
9701 1 OO 1 1 > noire Conseil 

cYrWorks 40, rue Berthe. 75018 Paris 




Commercial & IP Lawyers Lucerne, Switzerland 

LSL Woriduide is a Swiss based integrated group of international sports marketing and 
service companies. With operations in nine countries, ISL is now positioned to offer its 
diem companies the ultimate sports sponsorship platform: the top events, the biggest 
television audiences and the assurance of a quality association with positive image values. 
Three vacancies now exist in Lucerne for high calibre lawyers with conunerdaJ acumen and 
the ability to provide practical solutions. Relevant experience should have been gained 
from a major law firm or in-house and ail positions will involve travel throughout Europe. 

Intellectual Property Lawyer 

Based ar the corporate HQ, you will have between 2 and 6 years IP and particularly 
trade mark experience. You must be qualified in a Common Law jurisdiction and will 
handle an international role involving the establishment and implementation of IP rights 
and enforcement strategies in relation to major sporting events. 

Commercial Lawyers 

Based at the corporate HQ, you will have between 2 and 4 years general commercial 
experience and will be qualified in a Common Law jurisdiction. You will assume a broad 
commercial role and any sports related experience is advantageous but not essential. 
ISL have instructed Laurence Simons International on an exclusive basis and for further 
information please contact Naveen Tuli or Laurence Simons personally. 


International Legal Recruitment 


Cnrvcn House, 121 Kinf^way. Loadoo WC2B 6PA, UK Td +44 (0)171 831 3270, Fax +44 (0)171 831 4429 

The International Chamber of Commerce geeks for 
tbe Secretariat of the International Court of Arbitration an 

Assistant Counsel 

With postgraduate degree in law, preferably with a specialization 
in private intern ad on a) law. cnmmeraal or business law, bilingual 
English- French, to follow, under the sapenrldon of a counsel, 
international commercial arbitration disputes, both on tbe 
administrative and legal aspects. Computer slriTlH and 1 to 2 yean 
professional experience wished, beginners accepted. 

Please forward application letter with CV 

to ICC - 38 co urs Albert ler - 75008 Paris ImUjMLIJj 

Franco Fax : (33-1 ) 4? 53 29 42 

Executive Positions Available 

Young las growing company in lire 
Airport and Akilne Stnrfco fndmty 
seeking to 61 tha totaling chetenghg 

1) Area Sates Manager tor ABtaMtUs 

2) Area Sates Manager tor Eunpsfioufa 

3) Assart Manager Export. 

4 FteU Project Engineer. 

Tire company fa saoUng regfdy motivated 
imhUato. aga 30-K. Sum Englsh, 
strongly export Offanted. The caixKfafo 
must be prepared to trawl frequently 
anttar wort on asaignmant awy from 
Home base paid Pn^ect Engtaesr). 

AS careSdata must haw mnnun fare 

ware mwrienee, 8 possfato h Ore 
industry. The Seles Managers mat haw 
strong negotiation stale fa comptex 
repon dutaenSL Good lavd of education 
required. Interested parties pteseesend 
resumetoner lenr to: 

LH.T. Box 221, 92821 Hauffly France 
v Fax +33 (0) 1 4409 6668 











L TEL 8 FAX: <+ 9611)201240 (+9811)219798 

(+ M11 } {+ H11 ) 321834 

fa seWng erttaUe canddate to MB 

■ Wdmum ton 

m years managerax 
n the ndusey. 
good Starader and atity 
end writ ■#! propfa. 

nl be (nested oonlkfEnSaly 
psrtte* ptooa Rdte wtt 
s te Box 219, UtT, 

unicef HI 

United Nations Children's Fund 

Duty Station: Copenhagen Dennmfc (Level P-4) 


The United Nations Children's Fund with Headquarters m New Yort, 130 
offices throughout the world, and an annual budget of SI billion, seeta quali- 
fied candidates for die position of Systems Analyst. We need someone who 
cat talcs major technical responsibility for the development aid implementa- 
tion of new information technology systems and modHkatians of existing 
information technology systems. 


• Advanced university degree, preferably in Computer Science or an equiva- 
lent education in related areas. 

• Eight yean Of professional work enrerienoe at increasing levels of responsMUv, 
systems complexity and leadership, bcperience in all d» phases of a system deva- 
opmenr life cyde. Several yean of experience in providing technical leadership ^ 
complex systems, system Integration and project management. 

• Experience with open systems te.g. UNIX, Novell Netware, OVerq/Server 
architecture, MS-DOS, Windotvs, IAN, WAN and networking and RD8MS 
essential. Experience/knowledge of ORACLE RDBMS and ORACLE tools 
required. Experience within finance, procurement and warehousing applica- 
tions an asses. Experfencefaiowtedge of tetecornnunkations an asset 

■ Demonstrated ability to conceptualize. Innovate, plan and execute ideas as 
well as to transfer knowledge and dolls. Ability to express dearly and con- 
cisely ideas and concepts in written and oral form. Proven ability to lead aid 
supervise a team of programmers, programmer analysts, and consultants. 
Ability to establish harmonious wonting relations in an msematianal and muL 
[(cultural environment. 

■ Fluency in English and knowledge of another UN working language. 

Applications by female candidates are especially welcome. Please send detailed 
resume, in Enndt, quoting reference lumber VN-%-144 to: Reairitmem aid 
Placement Section I IHT), UNICEF, 3 UN Plaxa 6+-5FI New York, NY 10017, USA. 
Applications for this position must be received by February 19, 1997. 
Adcnowtedgoriefli will be sent ONLY ro shortlisted canmates. 

UNICEF is a smoke-free environment. 

Executives Available 




aSS. TOte, 33, MBA, Hnpal 
n) wttli 25 yoare esqmtencfl h 
ing & owning a major Aifew 



H» International Herald Tribune is 
bokfag tor a fuHfaw Copy Etflor to join 
the PartsJaeed staff of Rs Advenisfag 
Suoptemarts Program frora Match 1 to 
September 1, 19# (rapteanert of staff 


seeks portion as MarioattuDrector. 
Write » Box 218. HereU Tifaune. 
63 Lorg Acre, Lonrtxi WC2E SJH 

YOUNG WOMAN looking tor a (ob fa 
import-export with Eastern Europe. 
Languages Russian. Bulgarian. Engteh. 
French. AraflatXe far travel Tat Paris 

+33 (0)1 43 20 08 Bfj. 

General Positions AvaBabte 



Eng&b mcOiar tongue (oaod writing 
sHs). tiuert French, tifel voage a *, 
based fa Pars. CanvuterBBirta 
(Word, wnafl, fatamaL.1 Dofewt inw- 
penonel c omnxnuifafajn rtfle. Good 
renim a l o n DBrtega. Write or Fax CV 
to: Rot EURC, 7 no Paatauf Wagner, 
75011 Psrle Fat 1 48 06 55 0 


Septentol. 1897 (reptearert d staff 
menter on eabbafcaf leave). The ideal 
candktate wfi haw snort years □( fa- 
wrwfanal ™p«fii9i odlrtn antfor oepy- 
mUng expenence. oraterany wfii exper- 
tise In the worid ol business « 
technology. Hafahe enjoys reamwort, 
worts wm undar pressure, end fa fatnS- 

Send tetter, CV and caps tb 

BASED FOCO Psrto^ng 
reps Wa are boto^fara 

: tartly i aft e r France. Ptese rertf b Bn No. Z12, W, 

63 Lang Aoe, London WC2E 9JK 

totenreaoni Herald Tttotnte, 
101 avenue Charles de Gads, 
92521 NeuHy Cedax, France 

Fasteet growing trawl dhBCtory needs 

qielted sates stafl to enwr me Eum- 
annwtal. tantatoa mnlngs: tagh 
earrings; trawl (named! Sate Sri cow- 

E2?S5!? nc 2L hai #* 1, kn «*««»9re 
hctel industry a plus. Fbr farrediate con- 
rttettekn, rod asriouksn Mae hndng 

THj^SSfKu, ■ 

A8a Mr. HP. Steffen 

lto| 5 «rtw» 54, Posfahse 
QMS ifeggen - Swtaartand 
or Uafax: +41 41 379 09 29 or 
wnst ihflOhotolguidech 

m ttaaon-" 

a Qtoes a Mtafcfe ie. kfeat haw a toast 

iOmn sfenenoe and be Huari fa En- 

mArwial salary flBJWL tV. Ufa 
wwmom w cMatfai a nd snouW be 

General Positions Wanted 

BA fa fatemaSnti Managaneni and 
Martating. Male. 25. RucKPsn, fluent 
BigMi, serts fatemdonai position. 

5 yeere experience fa ttowiopng reurisn 
ton Russia to 8 toratai countries. 
Ffc Russia (7495) 282 14 65 
llobfle (MBS) 961 73 77 

From abroad, seeks defengfag position. 1 
UK based. Years of experience in the 1 
Arte al adrrtnM rathe level mefading 
P.R/Fund retang. Highly developed com- , 
miscrtlons afcfis pioartve & organised. 
Computet Swale, tengjagee. 

Contact: 44 (0)1932 864858. 

and U5. pessports, 10 yeere si TV pro- 
ttoOkxi, currently responstae tor a weak- 
ly bfingual culure pro gr am me broadcast 
n AsaAfricaAftUle East, seeks mrerest- 
ing new chaltange Involving travel and 
commuitoaftn AB State, serous cads _ 
only. Tet Pats +33 (0)1 43 55 27 29 

SNGAPOHEANpa). Former SfagapaT' 
asflne stewaideea. wSi 4 bnguages am 
experience in restateant management 
seeks new. demanding assignment in 
ssnriceiinfi or related dunam. Wfamg lo 
travel Haase lax r41 31 312 31 21 ’ 

AMERICAN PERSONAL Russaiv&igflst) i 
irietprrtar to cormmfng Genera Amer- 
ican forces and Commander Russian 
tones in B0SMA Decenter 9&4fowm- • 
bar 96 seeks commaciai ass^nents to - 
Russia and elsewhere. Fax: * 
498821-949245 (Germany) ; 

graduate. French native. 10 yrs expen- 
ence. Knowledge cri tonal, technical 6 
economic termfaotogy. wbrdfiasL seeks > 
stebts port Paris/92. +33 (0) i 45314715 - 

Sngual. Experience: neurology, pressure 
fterapy, stomach prattems, seeks pose ; 
tint wffl trevoing persons needing maS- 
cal assistance Tat +33 (0) 1 4056 3178 , 

43 yra. Seeks portion, quant French. En- 
Ofiah. Kafari Tal +33(0) 1 45831482 

Educational Positions Available 


tor Business Prato. 
Dynamo. Friendly Team, 
tanowtiw Taacrtng Methods 
Paris-Sububj. Htomng Papers 
Oomptoir das LangonfOl) 45 61 s 



Fred RON AN 
in Pane 

(3a- 1) 41 43 93 91 
(33-1) 41 43 93 70 

V Sit 



-! it; 

Sir-. .. 
*. j U 



PAGE 11 

t JU.; • . 

W-. - n . 

ft i. ...... 

.'v s ;‘ 

1*4,1 ^ 


■ m 


% Tom Bueikle 

_ ^erftatiooal Herald Trih^. 

BRUSSELS — To hear Europe's 
pobticians Uk. the debate abomte 

?^ 5 S pe ^? ntral invohS 

asjffk choice between an independent 
a 5°?$ *e lines of 
Bundesbai*, which resolutely defends 

cpntnjlled by politicians that tolerates 
nsmg prices and a falling euro 
Tile reality, many economists and 

"55* "ffl somewhere in 
between. Although legally endowed 
Skater independence than the 
Bundesbank, the European central bank 
to make a subtle but important 

smft from today's smgle>minded vi- 

growth and enrolavmem 

Bundesbank but rather thcUiS. Federal 
Reserve Board, whose aggressive in- 
terest-rate reductions in recent years 
ha ve fa ded one of America’* longest 
postwar economic booms with o u t re- 
igniting inflation. . . 

An early hint of the shift came last 
week when the Bank of France sur- 
prised markets by trimming its key 
short-tezm interest rate by ' 0.05 per- 
centage point, to 3.10 percent The 
reduction came just three weeks after 
the appointment to die bank’s mon- 
etary-policy committee of two mem- 
bers viewed as monetary-policy 
* ‘doves' ’ for their willingness to loosen 
credit to stimulate growth. 

“The majority has slightly shifted 
after the two recent nominations.' ’ paid 

: More Than an Inflation-Fighter 


growth and employ ment 
The best model may be not the 

-AMRO in Paris. “They are now 
more inclined' to cut rates as much as 
they -can.’* He predicted the French 

central bank would lower its rate to 3 
within six weeks, matching 
y’s level, and said it might even 
undercut the Bundesbank’s rate if the 
franc remained relatively strong. 

Many economists and officials 
would welcome such a shift across the 

German bankers favor limiting 

monetary unions Page Its. 

15-natioo European Union because the 
EU economy remains sluggish, unem- 
ployment is hovering near record levels 
of just under 11 percent, and inflation 
shows no sign of intensifying. 

* ‘There is room to say, ‘We’re going 
to take more aggressive steps to tower 
interest rates and see what happens on 
inflation,* ” said A. Steven Englander, 
an economist at Smith Barney Inc. in 

The European central bank can be 
expected to pursue a more flexible 
policy titan the Bundesbank because 
monetary union will -weaken -Ger- 
many’s voice in setting policy and en- 
hance the rote played by France and 
other countries. 

Currently, Germany has a monopoly 
on . Eoxx^e’s. monetary policy because 
the Deutsche mark is the bloc’s anchor 
currency. If France or Italy fails to 
follow me Bundesbank’s moves on in- 
terest rates, it risks having its curren- 
cies undermined by speculators in the 

financial marke ts. 

But at the European central bank, 
will be decided collectively for 
i whole euro zone, and Germany will 
hold just one seat at the table. 

“Germany will be one c ountry , and 
not one central tank deciding interest 
rates fear all central banks,** said 
Christa Randzio-Flalh, the German So- 

the wh< 

dal Democrat who heads the European 
Parliament's subcommittee on mon- 
etary affairs. ‘ ‘There will be a different 
approach. It will be easier to strike an 
adequate jjolicy mix.” 

In addition, monetary union will re- 
duce the pressure on other European 
countries to support the rigid mon- 
etarist policy favored by. Bundes- 
bank becmjse there will be w) currency 
risk for breaking ranks. 

A Belgian representative of the cen- 
tral bank, fra* example, win be able to 
call openly for lower rates because 
“nobody can attack the Belgian 
franc," Mr. Englander said. “There 
won’t be a Belgian franc.’’ 

The structure of the central bank goes 
a long way toward explaining why 
many German officials are determined 
to stan monetary union in 1999 with a 

See BANK, Plage 16 

-• s 

- brassy fefjjj 


Big Contributors Find lt 
Less Easy to Give Quietly 

To Elicit Oulbp OAers, liecipienls jRroj 

The Few Anonymous Donors to Take Credit 

By Geraldine Fabrikant 
and Shelby White 

New York Times Service 

Li ? 


i >»i'. • 


m * . 




with a name; 

Public gifts also spark the compet- 
itive instinct. When people see people 
they know — or know of — giving 
money, it is often jirst the stove they 
need to open their wallets, too. 

Consider, for example, how the le- 
gendary competition between the Greek 
shipping magnates Aristotle Chassis 
and Stavros Niarchos apparently ex- 
tended trttfn their philanthropic activ- 
ities. Although Mr. Niarchos was not a 
noted phihmttn'Opist during his lifetime, 
his will established an enormous found- 
ation, estimated to be at least $1 billion, 
that seemed designed to exceed the one 
set up. by Mr. Chassis. 

One co ntem por ar y of the two bil- 
lionaires recalled that ‘‘their relation- 
ship was based on, 1 can do anything 
better than y o at* Whatever the one was 
doing, the other was trying to outdo." 

- E. Buff Gibson, executive chairman 
of Marts ft Lundy, a New Jersey fund- 
raising consulting firm, said the recent 
numbers of big grits had come “largely 
■" JPbr 

But even that sflent minority is being "Every large gift that carries the 

* into the open. denar's name, somebody somewhere 

es Feeney, who made his for^ says to hHnseJficT could do that I could 

S „ J £ .1. W ■ >, H 1 m jJ 

When R. Champlin She ridan wanted 
to make a sizable gift to his alma mater, 
Johns Hopkins University, he wanted to 
do it quietly. His goal, he said, was to 
‘ ‘change other people’s lives — I didn’t 
want it to change mine." 

Mr. Sheridan, a quiet; unassuming 
'junan who made his $60 minion fortune 
in medical publishing, added, “I wanted 
a low profile because I almost felt em- 
barrassed by my success." 

The school, though, urged him to go 
public, and in the end Mr. Sheridan 
agreed — donating $20 million. 

Just Eke that, another anonymous 
donor was unmasked. 

The overwhelming majority of 
American donors of big gifts bestow in 
full view — happy to slap their names 
atop buildings or work a black-tie din- 
ner. Anonymous giving is estimated to 
accourtror to more than 1 percent or 2 
of all contributions over $ I mil- 

Big Gifts for Charitable Causes 

The 5 largest Individual anonymous gifts that were announced In 1995 end 1996. 
1996 recipient Sum Purpose 

25.0 million 

Mississippi College Clinton, Mass. 

John Hopkins School of Medicine Baltimore 15.0 million 

Challenge grant* 

1995 recipient 

University of CalHomla at Berkeley 


25.0 million 

' Endowment for faculty deveiopement 
and challenge grant* for renovations 



Capital campaign 

Seeks Large 

By Alan Friedman 

' and Jonathan Gage 

‘ Inicmatfonal Herald Tribune 

DAVOS, Switzerland — The new 
government of Romania, pledging to 
pursue the campaign of reform promises 
on which it swept into power, hopes to 
strike a deal in the next few days with 
the International Monetary Fund to 
provide emergency financial aid that 
analysts estimate could amount to $500 


The government will also assert con- 
trol over the country's leading financial 
institution this week while it proceeds 
with an anti-corruption campaign, said 
President Emil Constantinescu . 

Mr. Constantinescu, who was elected 
last November and whose governing 
coalition includes conservative Chris- 
tian Democrats, Liberals, Social Demo- 
crats and ecologists, is ordering the ar- 
rest and trial of some of his country’s 
most prominent military, financial and 
banking officials as part of the anti- 
comiption crackdown. 

The IMF and World Bank credits 
would form only a third of an estimated 
$3 billion that Bucharest is seeking to 
generate this year from a pool of 
sources, including loans from the Euro- 
pean Bank for Reconstruction and De- 
velopment, aid from the European Uni- 
on, private sector foreign direct 
investment and the proceeds of planned 
privatization projects, including the sale 
of some stock in Romania’s state tele- 
communications group. 

The president said he hoped nego- 
tiations on the terms and conditions 
related to the new IMF credits could be 
completed as early as the end of this 

times seems that all the people who 
don't give claim to be is that 1 per- 

Philanthropy has also become much 
more businesslike. So to tap into the 
psychology of potential donors, fund- 
raisers compile detailed profiles, often 
inches thick, of their prospects, with 

data on everything from their stock 
holdings to their bobbies to the structure 
of family-held businesses. 

‘ There is so much more information 

C icly available," Mr. Gibson said. 

date, sometimes even chronicle who 
in the family gets along with whom — 
or how much a potential donor’s friends 

and colleagues have given. 

Even wfth all this pressure, a stubborn 
few donors vigorously avoid the lime- 
tight. The reasons vary, but the over- 
whelming one is to keep from being 
hounded by other institutions, accord- 

See CHARITY, Page 15 

“We will plan to introduce a struc- 
tural adjustment program that includes 
liberalizing energy prices and the ex- 
change rate, ana a tough program of 
fiscal discipline, tax reforms and pri- 
vatizations, he said during a wide- 
ranging interview held on the margins 
of me »nnnal World Economic Forum 
meetings here. 

Romania is seeking to win between 
$400 million and $500 million of new 

See ROMAN, Page 16 

Q & A-/ George Sores 

is blit the 
Over the 

tone in airport duty-free 

most visible current e» 

•--- | years he has given away 

and has put $3.5 billion 

foundation, and he did it all anonym- 
ously, revealing his largesse recently 

only under pressure. 

There are many reasons anonymous 
donors are coming out olthe shadows, 
and they often do so under pressure 
from the institutions to which they give. 
Those institutions are paying more at- 
tention to fund-raising man ever, and 

ion, too,'- "he said. 
Institutions also urge donors to come 
forth to avoid totoig track of them if tto 
staff members who know their identity, 
or the intajmetifaries who arrange the 

C , move on. Fund-reisers also fear 
accepting anonymous gifts some- 
times lets stingy' potential contributors 
off the hook. 

/'About 1 percent of the people who 
give, give antxtymously;'' said Mar- 
shall Rose, chairman emeritus of the 
New York PubBe Library. "It some- 

Toward a European Declaration of Interdependence 

During die annual meetings of the 
World Economic Forum in Daws, 
Switzerland, the financier George Soros 
strongly urged that European political 
leaders pay more attention to the fears of 
ordinary citizens and the risk cf social 
upheaval amid record unemployment. Mr. 
Soros discussed these and other issues 
with Alan Friedman and Jonathan Gage 
of the International Herald Tribune. 

t *A- 


Ask Not What Webcasts Can Do for You 

^ By Margot Williams 

Wattengton Post Service . . . 

On the World Wide Web! It’s 
. the 53rd Inaugural Address! 
For the lucky few, at least 

T aa week, along with mil- 
lions of fellow Internet users, 

; I was shut out of the live cov- 
erage of Bill Clinton’s second 
inauguration. We’d been told 
- we could watch an on-line 
' ! audio-video broadcast of the 
• event, without having to use 
•; special software or 4 plug- 
ins.” It sounded fabulous. 

Trouble was, the site was 
built to handle only 5,000 

people at a time. Down it 

As one of the guilty hype- 
eis of the event, I felt doubly 
determined to fight my way 
in. So, I eventually, found a 
back way into the sue, via the 
Web address of one of the 
companies providing techno- 
logy to the producers. After 
all that trouble, here’s what I 
saw: A 2-by-2Vi-inch (5-by- 
6.3 centimeter) screen sur- 

cveryone else in the office 
was watching on television. 

Here's what I heard; Noth- 
ing on one computer, because 
it had no sound cant Tinny, 
garbled, hard-to-follow 
voices were audible on one 
that did. 

The experience was symp- 
tomatic erf video Webcasts in 
amend. Tty as it may, the 
web justdoesn't have the ca- 
pacity to service large n um- 

lighted to be able to listen to 
news, sports and entertain- 
ment programming without 
attention to national borders 
or atmospheric interference. 

If you’re looking for 
schedules of the day’s live 
Internet broadcasts and 
events, check the scheduled 
Net Events at Yahoo! (http:// 
events,, or at 
NetClock (http://www.ypn. 
com), where you can search 

Q. Here at Davos you have been 
critical of European leaders who are not 
paying enough attention to public opin- 
ion as they p rep are for monetary union 
in 1999. ConkT yon explain your think- 
ing cm this subject? 

A. I think it is very regrettable that the 
common currency dominates the debate 
■ in Europe. I believe the single currency 
will be introduced. The train has left the 
station, and as long as it stays on the rails 
it will get there in 1999. 

But there is an increasing disaffe ction 
among the general public. People feel 
alienated. The processes are not trans- 
parent. Therefore,Ithink there is a crying 
need to go back to tbe political found- 
ations of Europe and have a proper public 
debate about what this means, and per- 
haps even to have some kind of a Euro- 
pean declaration of intenlependerce.' 

Q. What else dbould the European 

Union be thinking about as it {dans for 
tbe future? 

A. For die European Union to ensure 
peace and prosperity it must also in- 
clude countries like Poland and 'Hun- 
gary. The European Union needs to be 
ready for enlargement I also think that it 
is regrettable that the question of NATO 
expansion is moving faster than EU 
enlargement because NATO expansion 
is perceived in Russia as being directed 
against it, and this is liable to lead to the 
division of the world into blocs again. It 
is not just that Russia is embracing 
Belarus, which is a dictatorship- But 
NATO expansion could also lead to 
realignments and new ties between 
China and Russia. It would be desirable 
that NATO expansion he accompanied 
by a NATO aluance with Russia, and it 
would be even more desirable that 
Europe’s economic and political integ- 

ration should proceed faster than mil- 
itary alliances. 

Q. Let us return for a moment to the 
single-currency project. As things 
stand, with Italy struggling to slash its 
budget deficit and German public opin- 
ion skeptical about giving up the 
Deutsche made, especially if the new 
euro includes weaker-cunency Medi- 
terranean states, do you think the first 
wave of single-currency members will 
be a small hard core led by Germany and 
France or a larger ^roup? 

A. I think Spain is in a good position 
and it would be very difficult to exclude 
Italy if Spain is there. In fact this issue 
has already created tension. A possible 
outcome of the tension is a finn com- 
mitment to Italy that they will be in- 
cluded in the second round provided 

See SOROS, Page 16 

Israeli Treasury Blames High Rates for Slump 


JERUSALEM — The head 
of tbe Treasury blamed tbe 

product wiD grow 4 percent 
this year, although many 
private economists have is- 
sued more pessimistic fore- 
casts. Last year, GDP grew 4.4 
percent, according to {aelim- 

at a news 
conference flat if interest rates 
did not come down soon, the 
economy would face even 
slower growth than the gov- 
ernment was projecting. Short- 
term interest rates have bees 
declining since the middle of 
last year; tiie Bank of Israel cut 
them half a percentage point 
last week, to 14.2 percent. But 
the Treasury and indus trial 
leaders have been pressing far 
steeper cuts because inflation 

rounded by an image of what here of people at once or de- . by time or topic for a week’s- Bank of Israel’s tight roon- 

looked to be a left-handed re- 
mote-control device. Joky 
and indistinct J ‘live" motion 
followed by several seconds 
the sanre live broadcast that 


m ■ 


£ D* 

1M run 
5UI SflS 
IUB — 

— uw 


un.» uws 


Pud 5JU5 U« W® 

tup taw 


ZHM WO 1*» 

t ecu vm mbs vsffl 

ism " uw u» urn 

Ocafo& hAmstirctan 






ftlW — 
aw iu 

liver a quality product It just 
can’t handle the flood of elec- 
tronic ones and zeroes that is 
needed , to make up a high- 
quality video image. 

"The result If a Webcast 
event is at all popular, most 
people who want to can’t fink 
up to it. Those who do can’t 
believe the quality is so bad. 

When I finally made it in to 
the inauguration site, I 


- Jan. 31 

tw o Ml 

las* us u of 

aw am auH*. smugly invited colleagues to 

k To bur a» pouocl to rotav ont 

E . . 

[Other Dollar Values 



ste u® 

— ■ 21MB 

^^^-cotM overamisee it'M my 
S u£ Sto^/^y woadd anyone 

■ 47ji uu lusruwu ua watch that? was the general 

sra mud utt am iea ia«. u« «/» query of those who came. 

- SS-. 1 ?" sf S Who would, wad. that?” 

tm UW'UM w — : mtt asked a significant number. _ 

om* — unr um u» “Cod! exclaimed one or joy of doing it It doesn’t mat- 

two special people. — *~«a. — 

Let's answer the first ques- 
tioo: Why? One reason is that 
tjethv -Oat* of W ttOJ net quota* HAj not vjjjgQ can fet yon by- 


, ;aa MKT 077M -- ^ UK3 WSt 

isn cast uni nua im. wu* 

scheduled audio and video 


www.tunecast.coin) provi 
the same for only RealAudio 
schedules and special events. 

As for the A wfao” ques- 
tion, the typical Webcast 
audience member is a com- 
puter enthusiast with a high- 
er-end machine . You need a 
Pentium or PowerMac ma- 
chine, properly configured 
software and a fast connec- 
tion (28,800 bits a second is 
the absolute slowest modem 
yon can use). 

Many of them, of coarse, 
watch a Webcast for the pure 

etaiy policies Sunday for a 
slowdown in the economy, but 
the central bank shot back that 
the government’s budget de- 
ficits had left: it little choice. 

“We find ourselves, it 
seems for the first tune in the 
Israeli economy, in a slow- 
down that has been created 
entirely by monetary policy, 
and one I am not sure the 
government decided inten- 
tionally to implement," the 
Treasury's director-general, 

David Brodet, said. 

The Treasury predicts that 
Israel's gross domestic 

is falling at least as quickly. 

The Baltic of Israel said, 
however, that tbe problem 
was the budget deficit. 

“The problem of balance 
in the Israeli economic policy 
is a result of the loss of fiscal 
control that began in 1995 and 
worsened in 1996;” the Bank 
of Israel said in a response to 
Mr. Brodet’s comments. 

Last year, the budget deficit 
reached 4.7 percent of gross 
domestic product, compared 
with a target of 25 percent 
Mr. Brodet said economic 
indicators fca 1 the end of 1996, 
such as industrial production 
and electricity 
were pointing to a 
slowing of the economy. 

He said two years of a mis- 
guided policy of high domes- 
tic interest rates had drawn in 
$10 billion in capital imports, 
mainly by Israeli businesses 
taking advantage of cheaper 
foreign-currency loans. 

The central bank said it 
was committed to the existing 
foreign-exchange regime and 
would continue to defend die 
exchange rate. 



MSm umo ttrfc ***- «* ZUKfir ***e U 

tarat* hr* 

AmttUbms 1JT41 
AmUhM T15I! 
‘annual -TJH51 
CHhmtob U33B 
'Cmkkmum 5742 
Oort* mat Mali 
KftVLWmt W93 
” 4*3 


mdaft nw“ 

SSfut WHO 


it . VM 
^ .IHMt . ■ 2B» 
M3 M TtaWnaw lj«W 
5634,0 VA£<**M 
WS vout-ww. rrsx 
1M7S - 



£zMtad* I*** S.KW.OW 
NH w.fcna* W 

nmneetr ai» 



, Forward Rates 

<Omwv »W 

i N —d flor in TjeeJ 
Ir Hug lilliy 
j riiMuM mrt. fsxa 

) Soma; INS Ben* 



1J4 Od 





■ 1S1-47 


and tune in Erectly to an event. 
The C-SPAN channel also 
<toes dat of arase, but not 
evoycoe has access to it Arri 
same W^ video events are not 
carried OT television at alL . 

Internet .xwfio has moved 
farther down that last ro«L 
.RealAudio - technology, 
which lets yon Eton to the 
equivalent of .radio program- 
mmg c*r . the Internet, has 
spawned a gkti>al audieoce . 
Altiioa^^dtics say dime are 
miKh^i#waysio l getrajdio 1 

^iroaa are de- 

ter to them if it’s mare dif- 
ficnlt Than television. 

The fact is that the Inter- 
net’s capacity grows daily, 
and to my mind it is only a 
matter of time before it be- 
comes acommomdace means 
of sending video. In the 
1950s, my grandpa watched 
baseball on ms new television 
but listened to the play-by- 
play on his old radio. We’re is 
anothtf period of transition. 

I just wish that program- 
mers and broadcasters would 
do a better job iu the mean- 
time of planning their parties 
on a scale to match the num- 
ber of guests they’ve invited. 

Internet address: 

There’s something special about 

. . Jmt do a better job. 

■ Accauntemps specializes m placing qualified temporary accounting, finance 
and information systemsprofesaionals. And our Robert Half division can assist 
yon with your requirements for full-time personnel. 

C nrn parifax haw relied On lia fiprprftfiMsinna^ pmmpt and COSt-efficignt service 
since 1948. We have an international network of over 175 offices to serve you. 

For more information on our services, contact us at 

Robert Half International Inc. 

2884 Sand Hill Road, Menlo Park, California USA 94825 
Attention : Bob Dock 



financial Slaffinn 

Cl 9 »MrtMlhtnmtMaikK. A. Ejml GfrorWnW? E^*S>rt 





50% of Venture is funded 
by P R of China Govt in 
joint venture with one of 
Chlnafc largest corpora- 

25% of the project offered 
for $US 23m. 

Capital returned in 3 years 
or less after completion. 

Project is supported by 
Principal Chinese Govern- 
ment Agencies. 

Replies: Principals only to 
the Agentfj Sohdtoris 

Simpson Grierson 
AncMand New T'-e^h nd 
G Towers 
Client Adviser 
Fax No: 64 9 3070331 
E Mil gbt@sgkw^ojiz 


4^ l 

PACE 12 




Investors Embrace First Bond Issue in Euros — Mainly to Avoid the Eeu^ 

By Carl Gewirtz 

• liucnuuional Herald Tribune 

PARIS — The euro, the European 
single currency scheduled to be 
launched in 1999, made its debut on the 
international capital markets last week, 
and both institutional and retail investors 
gave it the equivalent of a standing ova- 

The seven-year issue of I billion euros 
was substantially oversubscribed, un- 
derwriters reported, and the price was 
bid higher, lowering the bond's yield by 
0.06 percentage point, thanks to heavy 

But it would be a mistake to read 
much significance into the issue’s re- 
ception. traders said, because it in no 
way ensures that die euro is likely to be 
created and says nothing about in- 
vestors' willingness to accept the pro- 
posed currency. 

The outlook for the euro is still cloudy 
because, for one thing, it is not at all 
certain that both Germany and France 
will succeed in bringing their budget 
deficits down enough to fit under the 
Maastricht treaty’s maximum — 3 per- 
cent of gross domestic product — for 
creating a monetary union. 

It also remains to be seen how far 
Paris will push its drive to impose polit- 
ical control over the future European 
central bank, an effort that is vigorously 
opposed in Bonn. 

If the euro never comes into existence, 
the issue by the European Investment 
Bank, the European Union’s regional 
development bank, would automatically 
be denominated in European currency 

The Ecu, a basket of 12 European 
currencies, had been intended to be tbe 
future common currency, but its 
lackluster performance on die foreign- 

exchange market led to its replacement 
by tbe euro. 

In principle, upon the creation of the 
euro. Ecus are to become euros in a 1- 
for-1 exchange, giving the bank’s issue a 
value of $1.19 billion. 

The 12-currency aspect of the Ecu, in 
fact, is the reason the European Invest- 
ment Bank's euro issue was such ahiL In 
the present quarter, an estimated 6 bil- 
lion Ecus of bonds is scheduled to be 
redeemed. But investors, particularly in- 
stitutions that must value their holdings 
at market rates, have no incentive to 
reinvest their money in Ecus. 

That is because, of the 12 nations 
whose currencies make up the European 
currency unit, only Belgium, France, 
Germany, Luxembourg and the Neth- 
erlands are considered nearly certain to 
enter a monetary union if it occurs. Tbe 
initial participation of Italy, Spain, Ire- 
land and Portugal remains hi ghl y un- 

certain; Britain and Denmark are likely 
not to want to join, and Greece is not 
even a candidate. 

Such currencies as the lira, peseta and 
escudo — which have risen sharply in 
recent months on speculation that they 
will qualify for monetary union in 1999 
— will certainly take ahit if left out It is 
a matter of conjecture what the impact 
will be on sterling, tbe krone and the 
others. But there is a strong possibility 
that the Ecu will weaken, dragged down 
by tbe component currencies that are not 
replaced by the euro in the first stage of a 
currency union. 

Thus, investing in eoro-denonunated 
bonds looks like a much safer bet — 
even though the euro may never be cre- 
ated — than placing money in Ecus, and 
this explains the tremendous response to 
the new offering. 

For the European Investment Bank 
itself, the offering was less a financial 

t ransacti on than an operation undertaken 
for political and public relations reasons, 
as bankers said medium-term financing 
could have been arranged at much lower 
cost by issuing bonds in another cur- 
rency and then swapping into die Ecu, 
(he bank's unit of account 

The new issue “inaugurates a new 
phase in tbe EIB’s policy of support of 
the euro.” the bank said, adding that it 
formed “part of our long-term strategy 
to support Europe's monetary onion and 
economic integration." 

Tbe issue was offered to yield 5.61 
percent — 0.02 percentage point, or 2 
basis points, more than French govern- 
ment Ecu paper 1 already outstanding. 
The spread subsequently was reversed, 
to four basis points below the French 
issues, because of die heavy demand. 

To achieve that yield, the paper was 
offered at a discounted price of 97.94. 
The aim, underwriters explained, was to 

set the coupon at S.2S percent and 
thereby keep open the possibility that 
future issues in euros. Ecus or any of tbe 
currencies likely to form the euro would 
become fungible, creating a jumbo issue 
that could become a benchmark. 

At the same time, the bank last week 
sold 1 billion guilders ($543.6 million) 
of 10-year bonds carrying a coupon of 
5.75 percent. Assuming toe Dutch cur- 
rency joins the monetary union in 1999, 
that issue also could be increased in size 
through consolidation with other issues 
in currencies converting to die euro to 
form a jumbo euro. 

“The fundabttity of such future EU 
national currency issues with euro/Ecu 
issues launched by the MB." the bank , 
j gflirf, “will enable the bank to contribute • 
to building up liquidity rapidly in the 
euro market and to create an early euro 
benchmark yield curve." 

Most Active International Bonds 

The 250 most active international bonds traded 
through the Eurodear system tor the week end- 
ing Jan. 31 . Prices suppfed by Tetakurs. 

Rnk None Cpo Maturity Price YWd 

Austrian Schilling 

Rnk Nona Cjw Maturity Price Yield Rnk Mane Cpa Maturity Price YWd 

5* 01/17/07 900000 5.6900 

Belgian Franc 

215 Belgium V 

9 03/28/m 120.5200 7.4700 

British Pound 

234 Britain 
249 WestLB Rn 

916 UV2 £04 1122190 £4700 
8 ft 01/2407 TOO. 6250 8.0700 

Danish Krone 

7 Denmark 
16 Denmark 

21 Denmark 

22 Denmark 
27 Denmark 
34 Denmark 
40 Denmark 
51 Denmark 
53 Denmark 
89 Denmark 
106 Denmark 

111 Denmark 

112 Denmark 
118 Denmark 
165 Real KreOt 
222 Nykmm Bank 

12/1 0/99 

no jo 

















95 Germany 

96 Germany 
98 Germany 
100 Germany 
105 Germany 

1 13 Treuhand 
1 15 Germany 
120 EIB 
125 Germany 
132 Germany Tbilfs 
140 Germany 
143 Germany 
145 Germany 
154 Germany 
159 Ba Credit Card 
164 German States 
171 Germany 
175 Cap Credit Card 
190 Germany 

202 Germany 

203 Germany TbIUs 

204 Germany 

226 Mexico 

227 Germany 

231 Germany 

232 Germany 

233 DSL Rn 
241 Germany 
245 Germany 

247 Germany 

248 Spain 
250 Austria 

6 ft 052598 103.9433 
7ft 10*2597 1034300 
8 ft 0821/00 1144)100 
5ft 08/2598 1034325 
4ft 01/3002 100.1500 
5ft 11/2097 101.6400 
5ft 09/24/98 1035600 
5ft 04/29/99 1047200 

7 12/22/97 1033200 

6 1022/03 1041193 

5ft 02/22/99 1034300 
zero 07/1897 985239 
7ft 10*21/02 11! JO 

8 03/2097 TOO. 5333 
6 ft 052099 1054700 
8 ft 05/22/00 1143200 

7 11/2599 1085300 

6 11/1505 1035637 

6 01/29/07 1002200 
6 ft 02/24/99 106.6500 
5ft 08/1501 1025187 
7ft 102097 1024500 
5ft 08/2097 101.4000 
zero 04/18/97 992902 
7ft 02/21/001108700 
8 ft 09/1004 1047700 
6 ft 0502/031077850 
6 02/2098 10241575 
7ft 01/2000 1095750 
6 01/1507 1037565 
6 ft 06/21/99 107.0700 

2.995 09/3004 99.1700 
6 ft 01/02/99 1055000 i 
3ft* 06/29/02 1007500 
6 ft 01/10*24 974)300 

Japanese Yen 

Bond Bears Unfazed by 4-Day Rally 

135 World Bonk 
153 World Bank 
243 Japan Dev Bk 
244 World Bank 

5ft 03/2002 117ft 44600 

4ft 052000 111ft 40400 

6 ft 09/2001 122.1250 53200 

4ft 05/2003 114ft 3.9200 

Portuguese Escudo 

73 Portugal 
205 Portugal 

8 *b 02/15991040065 7.9923 
02/03/00 1002500 

Spanish Peseta 

194 Spain 
228 Spain 

840 04/3006 1119470 7.7200 
10.10 02/28811 1156120 8.7400 

Swedish Krona 

50 Sweden 11 

71 Sweden 1036 10ft 

163 Sweden 6 

172 Sweden 13 

191 Sweden 6 ft 

198 Sweden 1037 B 

209 Sweden 10ft 

U.S. Dollar 

1117930 9.8400 
1149400 8.9200 
> 965370 62200 
128.1070 10L1500 
978730 64400 
108.1340 74000 
1208790 84800 

Dutch Guilder 

Deutsche Mark 

1 Germany 6 ft 10/14/05 1054300 6.1700 

2 Germany 6 01/04/07 101.6186 5-9000 

3 Germany 8 01/ 21/02 1142233 75000 

5 Germany 6 ft 05/12/05 108.1143 6J600 

6 Germany 6 ft 04/2506 1(05560 6.0400 

8 Germany 5 08/2001 1022700 48900 

9 Germany 8 07/22/02 1147650 6.9700 

TO Germany 6 01/0506 101.9000 5890 0 

12 Germany 3ft 12/18/98 100.1200 15000 

T4 Germany 8 ft 09OW1 1148100 7.1900 

15 Germany 7ft 01/03415 1114150 46200 

17 Treuhand 7ft 09/09/04 1127300 46800 

18 Germany 5 0521/01 1024500 48700 

19 Trea hard 7ft 12/02/02 1117800 64000 

23 Tieuhand 7ft 01/29/03 1104150 6.4500 

24 Germany 3ft 09/18/98 1007400 34900 

25 Germany 6 ft 01/04/24 95.1700 64700 

26 Treuhand 6 ft 07/09/03 1074250 6.1600 

28 Germany Bft 02/2001 1149933 73900 

29 Germany 6 02/1606 1014400 54900 

31 Tiwhafld 6 ft 06/11/03 108.9433 67100 

32 Germany 8 ft 08/2001 116.7200 74000 

33 Germany 5ft 02/21/01 1034060 5.0800 

35 Germany » 102000 1164400 7.7600 

36 Germany 6 ft 07/1503 106.9600 64800 

38 Treuhand 7ft 1001/02 1134767 67300 

39 Germany 7ft 12/2002 1104800 64400 

41 Germany 5ft 08/22/00 1057300 54600 

42 Germany 5ft 11/21/00 103.1480 49700 

44 Treuhand 6 ft 002598 1037400 5-9300 

45 Treuhand 6 ft 03/0404 1057800 5-9500 

46 Germany 5ft 05/1500 105.6100 54600 

47 Treuhand 6 ft 04/2003 107.0800 67700 

48 Germany 7ft 11/11/04 1127600 64800 

49 Germany 7 01/1000 1084700 64400 

54 Germany 8 ft 07/20/00 1146600 74300 

55 Germany 8 09/2097 1037000 7.7700 

57 Germany 8ft 12 / 20*00 115.9825 74500 

58 Treuhand 6 ft 07/01/99 106.1300 67100 

61 Germany Bft 05/21/01 1149700 77800 

63 Germany 6 ft (0/1500 I07J700 67500 

66 Germany 6 ft 04/Z2C3 1084375 67200 

67 Germany 6 Vi 01/20/98 1037400 64200 

68 Germany 9 01/22/01 116ft 7.7200 

70 Treuhand 6 ft 05/1504 107.8000 67600 

72 Treuhand 6 ft 07/29/99 106.1750 £8900 

75 Treuhand 5 01/14/99 102.9200 48600 

76 Treuhand 6 11/12/03 1040800 £7600 

77 Treuhand 5 12/17/98 1027400 48600 

80 Germany 8 ft 07/21/97 1027300 87600 

Bl Treuhand 6 Vi 06/25/98 103.8100 5.9000 

82 Germany 6 ft 09/1599 1074160 67700 

85 Germany 5ft 05/28/99 1047800 54900 

86 Germany 5ft 02/2598 102.1100 £1400 

87 Germany 6 052516 949717 43200 

88 Germany 6 ft 07/1504 107.8600 67600 

90 Germany 6 ft 12/02/98 1040600 44800 

91 Germany 5ft 152098 103.1600 £0900 

93 Germany 6 09/15/03 1044786 £7400 

20 Netherlands 
30 Netherlands 
84 Netherlands 
92 Netherlands 
107 Netherlands 
109 Netherlands 

11 6 Netherlands 

117 Netherlands 
119 Netherlands 
121 Netherlands 
126 Netherlands 
142 Netherlands 
147 Netherlands 

155 Netherlands 

156 Netherlands 
170 Netherlands 

173 Netherlands 

174 Netherlands 

218 Netherlands 

219 Netherlands 
223 Netherlands 
230 Netherlands 

56 France OAT 
79 France OAT 
122 France B.T-A.N. 
127 France BTAN 

129 France BTAN 

130 Britain 

131 France OAT 
137 France OAT 
151 UKT-nafe 
169 Britain T-bUte 
176 France OAT 
178 France OAT 
180 France OAT 
188 France BTAN 

6 01/1506 
6 ft 07/1598 
5ft 09/1502 
8 ft 02/15/00 

7 03/1599 
6 ft 11/1505 
9 01/1501 
7 Vi 01/1523 
9 051500 
8 ft 051502 
8 ft 09/1501 
7ft 04/1510 
7ft 11/1599 
7 02/1503 

7ft 01/1500 
7 06/1505 
5ft 01/1504 
7ft 06/1599 
6 ft 07/1598 
8 ft 03*1501 
6 ft 04/1503 
7ft 0501/05 
8 ft 0501/00 
6 ft 02/1599 













5ft 04/25/07 
7 04/2506 
6 03/16/01 

5 03/16/99 
7ft 03/1598 
9ft 02/21/01 

6 04/25/04 
9ft 04/2500 
5 01/26/99 

zero 04/10/97 
6 ft 04/2502 
7ft 04/2505 
8 ft 04/2522 
7ft 03/16/97 

1 11.0000 



Finnish Markka 

201 RnJond Serial s 7ft 04/1506 108.1825 47000 
217 Rnlandsr 1999 11 01/15/99 1134694 94900 

French Franc 

74 France OAT 5ft 04/25/07 984100 54800 
162 France B.T AN. Sft 10/1301 1042900 £2700 
162 France B.TAN. 5ft 03/12/98 1016500 £6000 
192 France OAT 5ft 04/25AW lOZOOOO £3900 
1 97 France OAT SP /era 040523 142200 7.1800 
200 France OAT 6 152525 918000 44700 

206 France OAT 6 ft 1525/06 1064000 41000 

210 Credit Lyonnais 01/27/99 100.0000 
242 France BTAN 7 1512/00 109.7300 43800 

Italian Lira 

148 UBS Rn zero 01/29/27 114000 74000 

708 Dresdner Bank zero 11/70*26 104149 7.9100 

4 Brazil Cap SJ_ 4ft 04/1V14 81.1422 £5500 

11 Argentina FRN 6 ft 03*29/05 87.6492 74600 

13 Argentina par L 5ft 03/31/23 645130 8.1400 

37 Brazil 6 ft 01/01/01 97.9510 46400 

43 Mexico lift Q5/15Q6 1084750 10.6100 

52 BnuflSJ. 6 Vu 04/1 VI 2 797600 84300 

59 Brazil parZl 5 04/1324 63.7000 74500 

60 Brazil L 6 ft 04/1406 894130 74800 

62 Venezuela 6 ft 12/1507 894400 74593 

64 Brazil S4) 6ft 04/1524 814250 84800 

65 Venezuela A 6 ft 0531/20 744620 18300 

69 Mexico par A 6 ft 12/31/19 748000 84600 

78 Mexico par B 6 ft 12/31/19 754500 84900 

83 Bulgaria 69ft 07/2511 477813137300 

94 Ke 8 ogg 6 ft 01/29/04 994750 64300 

97 Mexico 9ft 01/1307 1024750 94500 

99 Argentina 5ft* 0«01/01 1254000 44319 

101 Argentina L 6 ft 03*31/23 81.1875 74500 

102 Ecuador 3 02/28/15 66.1613 44300 

104 HaMoc BS 6 ft 01/2502 994000 64300 

108 Holy 6 ft 09/27/23 9X1250 74800 

1 14 Mexico O 6452 12/28/19 914500 64600 

123 Kerim 6 ft 11/1906 964776 £7100 

124 Mexico A £453 12/31/19 914500 7.0900 

128 Sc Die Mae 4ft 080209 964000 44900 

133 Bco Com Ext 7ft 02/03/04 914250 74100 

134 Mexico lift 09/15/16 1074750104400 

136 Panama pdl 69ft 07/17/16 867583 74467 

138 Mexico 7fts 08/0501 1004200 74200 

141 World Bank 548 09/27/99 984250 5J600 

144 BrazB Orand SJ. 4ft 04/15*14 844740 £3300 

149 Brazil 8 ft 11/05/01 1004750 84000 

150 Ecuador par 3ft 02/2525 419783 74700 

152 Bulgaria 2ft 07/23/12 364750 £1000 

158Brazfl SJ. ' 6 ft* 04/15/09 844120 7.7600 

160 Russia 9ft 11/27/01 97J750 94000 

161 EIB 7ft 09/1506 1024500 £9700 

167 Argentina 11 10*09/06 1044500104500 

168 Bulgaria Aft* 07/2524 5X9063 1Z1700 

177 Poland Aft 1 527/24 984260 £6100 

779 Mexico 9ft 02/0601 1044750 94400 

181 Venezuela par B 6 ft 03/31/20 764938 84100 

183 Chase Capita! 6 ft* 0201/27 984000 £1611 

18J Bay LB zent 6 ft 11/19/01 994750 64100 

IBS Ecuador 6 ft <0/2525 704533 9.1700 

186 BriHsti Columbia 7ft 06/1502 1044500 74900 

187 Mydfa Trust 6 *V» 09/15*07 B44693 7.9077 

189 panama 3ft 07/17/14 754933 44500 

NEW YORK — The U.S. Treasury 
market's best performance in almost 
three months still is not enough to con- 
vince bears that the outlook is bright- 
ening for bonds. 

For the first time this year, bonds 
rallied for four consecutive days last 
week, with toe benchmark 30-year rising 
1 Vk points, or $1 1 .25 per $ 1 .000 bond. Its 
yield fell 10 basis points to 6.79 percent. 
The gain was the biggest since the week 
that ended Nov. 8. 

Yet many investors said tbe winter- 
long slump in bond prices was not over. 
"Any Tallies will be short-lived and 
pretty modest." said Michael Martino, 
who helps manag e $65 billion in bonds 
for Putnam Management in Boston. 

The market's rebound, some analysts 
said, stemmed mostly from optimism 
generated by news that inflati on rose at 
me slowest pace in three decades even as 

toe economy grew at a fastex-than -ex- 
pected 4.7 percent annual rate in toe 
fourth quarter. 

Earlier last week, bonds were buffeted 
by reports showing that (he economy 
continued to strengthen while inflation 


remained low. Gains posted on Tuesday 
after toe government said its employ- 
ment cost index rose a smaller-than- 
expected 2.9 percent last year were off- 
set by a pickup in consumer purchases 
and growing consumer confidence. 

Investors indicated they were not con- 
vinced that inflation was dead by snap- 
ping up the government’s $7 bUuon de- 
but issue of 10-year notes, designed to 
shield them from inflation. 

Buyers such as Jerry Thunelius, who 
manages $ 1 5 billion in bonds at Dreyfus 
Carp., said be was hanging onto toe 

notes as a hedge against inflation. 

Money managers predicted that toe 
market would face additional hurdles in 
the coming week before investor sen- 
timent look a bullish turn, including a 
spate of economic reports on personal 
income and spending, construction 
spending, new home sales, factory or- 
ders, housing completions and January f| 

Friday’s release of the monthly em- 
ployment report for January may give 
bonds a sustained lift out of their funk, or 
might provide more cause for the Fed- 
eral Reserve Board to ratchet borrowing 
rates higher to slow the economy. 

“We've all learned that the nonfarm 
payroll report can come in with quiet a 
bit of volatility," said Steve Vielhaher, 
who oversees $35 billion in bonds for 
Bank of America in Los Angeles. “It 
can make a real shambles of the mar- 
ket * ’ ( Bloomberg . NYT\ 

New International Bond Issues 

Compiled by Laurence Desvflettes 

Amount Coop. Price 

Issuer (raffiaas) Mat % Price end 

' week 

Floating Rate Nates 

Argentoria Capital Funding STM 2007 ft 99.932 — interest win baft 

Interest wffi ba ft over 3etanRi Libor unffl 2002, when Issue is calaMe at par, (hereafter ft oner. 
Fees 05)%. DenomJnafloie $100500. (CS Rest BostonJ 

Bradford & Biogley Building $300 2002 ft* 99.967 


Compognfe FInandere CIC 5100 perpt 045 9951 


189 Panama 

193 Nigeria 

1 95 Mexico B 

196 Volkswagen 
199 MBL IrrtfRn 
207 Wachovia Bk 

211 Britain 

212 Sweden 

213 Ecuador 

Aft 11/1920 68.0000 9.1900 
6 ft 12/31/19 914000 £9700 
3 07/24/02 1014250 2-9500 
3 11/30*02 1004000 34000 

7 10/17/08 984250 7.1000 
6 ft 07/1501 1014500 £6700 
6 ft 03/04/03 994000 64300 
3 02/28/14 694800 44100 

FiretMorytand Capital li 

FUst USA Credit Card 
Master Tntst 

Abbey National Treasury 

31 Holdings 



Cevol Afimentos 

Cfflbank. Credit Card Master 

Danone Finance 
Depfa Bank Europe 

Export Development Ca 

$150 2027 045 98.8787 

$750 2006 0.10 100.00 

— OmrXfimtt) Libor. NoncaBaMe.FeesO.175%. (Lehman Burthen IrtfU 

— Merest win be 055 over 3-nnftiLBMrunfll 2002 when Issue teaftabtecilpar.lJOoverimlfl 

2007. themrftar 245 over. Fees 050%. Danomlnottaas SlOOOa. (Chase MarVxetan mnj 

~ OrerJ-reowWi Ubor. Private placement caMable at parte 2007. Fees 1%. (Lehman BrafhereJ ~ 

*— Overl-marftt Libor. Average life 7 yean. Fees 035%. OP.MonjonSeortte] 

HOC 2002 0.15 10040 — Over Lteor. NonaiMVt Fereftl.5%. fXmonrincttons £100500. ISBt Warburg.) 

£100 2002 3ft 9947 - 

2003 6 W 10147 99.99 

2004 10ft 99.90 ~ 

2004 6439 10040 — 

Over tUnontliUbor.CoBnbtere par Hem 2000. Fees 0.15%. Denuai l naHoi«£10aaoa (HSBC 

Reoffend at 9947. Nonadabla. Fees 1 Wt (Bantnys de 2oete weddj 
SemtaonuaBy. Redeemable at 9930 In 2001. Few lfc%. (Chase Manhattan IntU 
SemlamuaBy. Galkdde at par from 2000 . Fees 025%. (MenV Lynch lifflj 

2000 6 ft 101.163 10040 ReonmdmW46XNanenlkiUe.lteaslft%.(aabanklnn.l 

2000 6 % 101.175 100.19 Rao ffe red re par. Ncnecbobte. Fees IWXvIAtorgon Stanley farTU 

2002 6 ft 99416 9940 Nonaftoble. Fees 025%. (Mens Lynch Infli 

2000 £65 100.00 — SenUwrooBy. Nancnflable private placement. Fees 1.10%. (Toronto-Domtntafi BanfcJ 

2000 543 100.00 — 

SenUcmnuaty. NoaaaMMe private pl a cem e nt- Fees IVtffc. DenocntaaJtanaSVUWL (Menu 

2002 6 ft 99.797 100.12 Sendannuollr. Nonaftabte. Fees <U5%. (MentH Lynch WU 

214 New York aty 5444 052502 994900 54500 Merita Bank 

216 Argentina SV* 09/01/02 110.0900 £1681 

220 World Bank 6 ft 0871 Aft 984750 £7000 

221 Poland par 3 1527/24 554500 £4000 Multfcanal 

224 Italy 7 09/1801 1014000 £9000 

225 Canada 6 ft 07/21 A» 97.1250 £5600 MuMcand 

229 Canada 6 ft 0528/06 99.1250 64100 ^ 

235 Ford Malar 5V» 01/17/02 994100 £7000 NORfdeulSdK 

236 CADES 5459 12/1501 997500 £3728 

238 Brazil SJ- 6 ** 0405/12 79.7280 84300 • - 

239 Italy B zero 01/1501 77.7500 64800 Osaka Gas 

240 Canada Aft 05*3501 1004500 £4600 =— 

246 Comment* 5439 01/29/01 994500 £4600 Porrnalat Brtr 

perpt 7 99457 — 

Merest «rtJ he a feed 7% untl 2007, when Issue S aftoble at par. thereafter 2ft over 6flM«rih 
LAor. Foes 0875%. DenomtnaOons S1CU)0£ (Menfll Lynch InTIJ 

Multt canal 

Norddeulsche Landesbank 

2002 9ft 99402 — Koncoflable. Fees 1 Kflfe. CCS First BostoaJ 

2007 10ft 99454 = Nancdtabta. F« 2%. (CS Fhst BostenJ 

2001 5 100445 9940 

brines! wU be 5% unto 1999, thereafter 7ft%. Reoftared at 99.145. NonenDabJe. Fees 1 ft%. 

The Week Ahead: World Economic Calendar, Feb. 3-7 

A sehodufe of tfus wok '* economic and Bnanaal emits, compied tor the bitomaoortal Hemd Ttibuno by S&xvnOap Busvrass Mm 


Expected Manila: Full deregulation of the oil 
This Week industry begins Saturday. 

Sydney: Placer Dome Inc.’s 


Milan: Futures & Options World 
holds convention on Italian deriva- 
tive products; Arquati SpA's initial 

takeover bid for Highlands Gold Ltd. public offering starts Tuesday, 
due to dose Saturday. 

Feb. 3 

Feb. 4 

Tokyo: Japan Automobile Dealers 
Association reports vehicle sales fig- 
ures for January. Ministry of Fi- 
nance releases figures on foreign- 
currency reserves. 

Manila: Reynolds Philippine Corp. 
holds briefing on initial public offering. 

Sydney: December retail figures; 
Bank of Australia board meeting. 
Tokyo: Bank of Japan Governor Ya- 
suo Matsushita speaks to business 
leaders. Bank of Japan reports on 
average lending rates in December. 

Wednesday Tokyo: Finance Ministry reports mer- 
Ftb. 5 chandise bade figures tor first 20 

days of January. 

Manila: Mabuhay Vinyl Corp. and 
Reynolds Philippine Corp. list on the 
stock exchange. 

Feb. 6 

Tokyo: Japan Automobile Importers 
Association reports on imported -ve- 
hicle sales and the Mlnicar Asso- 
ciation of Japan reports on minicar 
sales for January. 

Sydney: Weekly wage figures for 
three months ended Nov. 30, 


Feb. 7 

Madrid: National Statistics Institute 
reports on producer prices for De- 

Brussels: Eurostat, the European 
Commission's statistics office, is- 
sues guide on accounting methods 
for the planned single currency. 

London: Monthly monetary meet- 

Rome: Istat releases January in- 
flation figure. 

Earnings expected: KLM Royal 
Dutch Airlines NV, NetCom Systems 
AB, Pace Micro Technology PLC. 

Brussels: January consumer price 

Zurich: Federal Institute of Tech- 
nology releases leading economic 
indicators for January. 

Earnings expected: British Sky 
Broadcasting PLC. 

Oslo: Fourth-quarter gross domes- 
tic product. 

London: Index of Production for 

Eamlngs expected: British Tele- 

Tokyo: Economic Planning Agen- Copenhagen: Danmarks Statistik 
c/s monthly report on the economy; reports on December industrial 
Federation of Bankers Associations sales. 

Of Japan to release data on bank Stockholm: SCB releases January 
deposits and lending for January. jobless figures 


Washington: Federal Open Market 
Committee meets Tuesday and 
Wednesday to set interest-rate pol- 

Tempe, Arizona: National Associ- 
ation of Purchasing Management re- 
leases January index. 

Washington: Commerce Depart- 
ment reports personal income and 
spending and construction spending 
for December. 

Washington: President Bill Clinton 
delivers State of the Union address. • 
Conference Board reports Decem- 
ber leading indicators. 

Buenos Aires: Cost of construction 
index and consumer, producer and 
wholesale prices for January. 

Ottawa: Statistics Canada’s fourth- 
quarter farm input price index. 

Sao Paulo: Inflation rate for the 30 
days ended Jan. 23. 

Eamlngs expected: inteffData Tech- 
nologies Corp., Rubbermaid Inc. 

Washington: Mr. Clinton submits fis- 
cal 1998 budget plan to Congress. 
Buenos Aires: Indec releases 
trade balance for December. 

Mexico City: February trade bal- 

Osaka Gas 
Parmalat Brazil 

Southern Ca Capital Trust 

Sudwest Landesbank 
Capital Markets 

Infer- American 
Development Bank 

Inti Finance Corp. 

Siemens Capital Corp. 

Sculllsti Power 

Dresdner Finance 


European Investment Bonk 
European Investment Bonk 

. European Investment Bank 

Nissan Steel 


Communications Network 


Cogeneratfon PubRcCa 
Land Securities Finance 

2007 7ft 99442 100.12 Nanco 8 abte. Fee* 035%. (GoMmanSacM WU 

2005 9ft 99.922 — 

Interest wn be 9H% unS 2900, when taua Is redesreabte at pat, Ruraaftar 9ta%, Fees 0625%. 
Eteflmtinaitafis ST &00Q. (Baikal BastanJ „ 

$300 2037 X 79 70040 — SefTUaflnuc*». Private ptocareentcaBalj/ere par In 2007. Fees l%.a£twanBrofhersirrtj 

S75Q 2M2 6 ft 101421 9946 

DM500 2004 7ft 99.90 99.75 R«*teredrt9£>ncotlobteFe^ 

£150 2002 7W 101.083 — Recfferwi at 99.485. NanculloWe. Fee 1 %%. (Hwnbro BonkJ 

£250 2000 £34 99.10 — 

£100 2000 6 ft 101.1475 — 

£200 2017 Sft 100.708 — 

FF1400 2008 6 ft 104406 9942 

ITLSOaOOO 2007 9ft 10040 99.70 

DF1400 2007 5ft 100J75 9942 

S PI 4400 2007 748 100.00 =_ 

ECU 1,000 " . 2004 5ft 99417 9840 

Y11400 2000 544 100.00 

YIOOOO 2001 4.90 100.00 — 

SewtenwWy.NaocBBobte pri vate p tace m ent Fees 040%. (YawakWIntlJ 
teoffared MA NoncnfloMa Fees n%%. Deimnlnrtfons£10CUloa (CS First Boston.) 

ReoHered at 10245&Nmconabte.RjnglbiaMlttii>uiitaRdfc)gb5Ub robing total amount la 4 
wmon ftanes. Feta 2%. (Bamgia Nrttanole <te Parts.1 

Reaflaad reW^NonaSoWa Fen 2%. (Onre Manhattan IntU " 

Reoftared 0199.10. Noncaflatle. Fa« 2%. WBN- AMRO HaareGowifj ’ “ 

Werestvrg be 748% until 2001, thereafter 1X60% teas die 1-yenrUbre.Noncoltabte. Fees 
035%. (8am> Sarionder de NegodosJ 

Semtanraxrejr.Redeniillre) at rareurihrwntie In stwtaig.NancaaaMe private ptaoMnem 
1U%. (Menffi Lyndi fadU 

Redemflon at raaterihr may be In doBars-NoncaBaMe private piacemeflL Fees <L20%. 

DenocUnatl o ns 100 mPBon yen. (Wato Inti) 

YIOOOO 2003 240 100.00 — NonoeBafate private ptaeeroert. Fees 038%. Denorrenirilons 100 mMeii yen- (LTCBtanJ - 

SI 00 2007 2ft 10040 — 

£210 2007 6 10040 — 

Redeemable at 127^78 In 2003. Gonveritete at 112 baMpersfme. a 1440% premiumi amt at 

2SA7 baM per dgpar. Fees 2W%. UJ>. Morgan SeanltfcaJ 

SerakamuaHr. CaSoUeatparin20az.Cbiiverabteat£824pereSKire.a 13% premium. Fees 
219%. U. Henry srenederj 

Banco Popokire di Bresdo lTL22ft000 2003 7 10040 — Hooaillalrie.Con.mlafeaiP^ ere per snare. o 1 o% prep d um .f^^ 

Last Week's Markets Euromarts 

Stock Indexes 

Money Bales 

Unwed SM 
□J indue, 

DJ Trans. 
S&P Ind 



Washington: Labor Department re- 
ports January unemployment De- 
cember wholesale trade. 

Eamfiigs expected: Moteon Cos., 
Ipsco Inc.. Noranda Forest Inc. 

TSE Indus. 





Mona Kong 
Hang Seng 

Jan.31 Jan. 24 
M1109 UM« 
rn ci 237.63 
2424.10 233233 
771 A0 7S*M 
7B6.16 77052 

92X01 90452 

41158 4QS51 

158059 156353 

1 £330411 17489J8 

427X80 451850 

£10958 643158 

251656 143D54 

3435.15 2,99844 

1352149 1137955 

BXL22 82605 

Prime rate 
Federal runds rate 

Call money 
3raonte tete rb uiA 

Cal money 


liitei wnflori rate 
Oft money . 
3-nKrtf] Mertxmlc 

Eurobond Yields 

'•I taMimp Trim 

U^.l, long Term 4JV *jg gjj 

U5. S, mdni term 659 £2 £io 

U5.2.«hon te ai tip pjjy 

7M 752 7% Ml 

rrana ijrann 450 454 498 452 

755 754 753 

DonWikTWWr 553 5L66 552 552 

SworfTrti iaonor 497 452 5.19 452 

ECUs, tong Wnri 651 £93 6.19 5.93 

ECUs, mam tern 452 449 554 ■ A 7q 

Can. 3 654 £98 &5B 550 

nj"! 2-1S 751 7.11 

Y™ ?J5 7.19 

Ven ] -7S 1^2 194 1.92 

Scwise LuremOowj stock exdtanpa 

Oft money 
3-month rreetboak 

4J0 450 

425 £15 

3.15 3.15 

Weekly Sales 

Pfftnoiy Market 

555 Sm 

t Hons 

SfiregMs 805 3415 2.108JS 

Convert. 148.0 — b3 

FR»s 150SJ 763.1 IJ 4 I .0 

ECP 11.7919 4B41.4 125175 
TWoJ 135215 9,9465 15595.1 
Secondarv Mariiet 

STraights 19,7800 215635 805675 : 
Convert 15445 15015 £467.6 
FRNs 1&420L6 5,7624 53J90J 1 
ECP U554J 1X3015 234785 
Total 485995 41.12851605043 ( 
$hhur Eundear. Codd flout 

GaM Jan.31 Jan.Z4%Orige 

London pjn. BbS 34S50 3S2J0 -159 

NMUtadarftDM Magai SteaferafttarwmapadM*. 

Libor Rates 

uis 1 l Sr ft _ i-ranffl 2 -ohmii i^ureb f 

Deutsche mark jh SJ SJ =55*^* 3ft 1ft 



77-T-j >7T>1 ! f A , MTTT 









M k 

r { 



c* a 

U : :V 









I'U'luV 1 ] 

f Wm„ 

k m 





Uro«v I I .J I Vtouaae d« NuaOMT 1 

INI | | J | A B-MmHr Pntftwn 

International Fund Investment 


— L In the January-Februaiy Issue: 





• UL Fad Saabfc • 71* liar rf fa Mb 
1 LMa 1 Fiw Lata Aarriea • ffteb Ibv Fir loads • 
• MU fopt* • tad VUfertte Srcy • 

International Fund Investment is the one 
and only publication devoted to providing 
unbiased coverage of the global fund 

Launched in 1992. IF! has proven to be 
a valuable resource for professional investors 
in Europe and Asia. It is now also available 
in the USA. 

For your FREE trial copy of 
International Fund Investment, please fax 
Gerry Louise Robinson in London 
at (44-171) 240 2254. 

To order your subscription right away, 
fill in the coupon and either mail 
or fax it to the address below. 



1 1 T11E WDKUrS Mny w™— . M — — 

Bad".™ W**?"? .by the International Herald Tribune. 3-2-97 

Return your order to: International Fund Investment Gerry Louise Robinson 
t>3 Long Acre. London WC2E 9 JH. England. Or fax to: (& 3l) 240 22§5. 

1 6 bimonthly issues of I.F.I. for □ EaSgS Sff£a?L__ 

{HI VAT raxnber FR74732021 126) : 

Payment is by check or credit card. D Check enclosed 

Please make check payable to: “International Herald Tribune." 

' — Please charge by credit card O Am ex EH Visa O Access 

: no. in i M i i i i rrrrn i 

□ Please send me the next 6 bknonthty issues of I.F I for 



Address • 


uiitruuuc _ . . 

Exp date -Signature. 


□ST 1 * □K ia,m,emiedWy / □& una8emart □ £>=£*"'' □ Other please 

uu * > trustee 1 — 1 state 



I I 

m 1 



i $ 


i s e i 




I v '■ ?• 

^ | 
M m •1- 

% $ 

I i 






• & 









l.iii'r ''4 

$2 fe ! 

i f-i 



'( 1 

,6 ,1 



L> i • ,, 

! ! 


% i 

1 M 







'<x % 

I 1 

i E m 

1 i 

i g 




R % 

. : — r 


PAGE 15 

Sho rt cover Clinton Team Unveils Tax-Relief Plans 

.11 ^ v 

B- ^ 

$*#> .l 

• -i , 

Mr 1 


or ■ ■. 

.Y3. t ' 


^Israel Pulls Out of Jordan Gas Deal 

■ AMMAN. Jordan (Reuters) — Israel has formally with- 

wl ? Sf 2Sr^ ° U,f - onS^raH a unST 

• • . ? u^u- ,s nonexistent.*’ said the Jordanian energy 

o^ fao"ht™ u ^gaf dmg iSrael had » robab » 

™S e „ d ™„ W ™, asrced on aI a Middle East economic summii 
; a §° ■*»»? a wave of optimism about Arab- 

Jf 1 **. “operation. Investors said Israel's with- 

drawal was based on economics. 

. A2000 to Run Dutch Phone Service 

■ JSSPETi ^ B1 ^ mbe /S>- A?000. a Dutch cable operator 

• owned by U.S. West Media Group and United & philips 
Communications, said Sunday that it had been granted a license 
to operaie phone services in the Netherlands starting in July. 

> cable company said it als o negotiated an “inter- 
connection agreement” with PTT Telecom BV that would 
fallow its calls to pass through the PTT Telecom system and 
vice versa. The contract runs for one vear. allowing the 
’ corap3 n,es 10 renegotiate as the telephone’ market develops. 

'Fears of U.S.- Japan Trade Friction 

W^HINGTON (Bloomberg) — The head of the Amer- 
ican Automobile Manufacturers Association said Sunday that 
die yen s excessive depreciation threatens to reignite trade 
. friction between the United States and Japan 

“The free fall of the yen is becoming a serious problem that 
' 15 disrupting U.S. business planning and threatening many 
U.S. export opportunities, " said Andrew Card, president and 
chief executive officer of the association. 

Japan’s merchandise trade surplus with the United States 
grew for the third straight month as the yen declined 8.5 
percent against the dollar from August to December. The 
. surplus rose 7.8 percent in December to 389.1 13 billion yen 
($30.5 billion), the Finance Ministry in Tokyo said. 


J Placer Dome Raises Papua Stake 

SYDNEY (Bloomberg) — Placer Dome Inc. of Canada 
said Sunday that it has raised to more than 76.5 percent its 
holding of die Papua New Guinea miner Highlands Gold Ltd-, 
from 61.7 percent. 

Highlands Gold directors last month recommended the 
takeover bid to shareholders, following an agreement to spin off 
1 its assets into a new company called Highland; Pacific Ltd. 

Brazil Eases Item on Reform Bill 

BRASILIA (Reuters) — Seeking to reduce opposition in 
Congress to its civil service reform bill. Brazil will relax a 
proposed limit on pay and perks for deputies and senior 
judges, a newspaper said Sunday. 

A proposed limit on monthly pay and benefits for public 
. sector employees ran into stiff opposition in Congress. The 
Jomal do Brasil reported Sunday that the bill would allow 
yi lawmakers to set a new ceiling for their total pay and benefits. 

PG&E to Acquire Valero Energy 

NEW YORK (NYT) — In the latest in a series of cora- 
! 1 binations designed to strengthen electric utilities for eventual 
. competition. PG&E Corp. has announced it will acquire most 

• of Valero Energy Corp. for $722.5 million in stock. 

PG&E placed emphasis in the deal on gaining control of a 
group created by Valero that markets natural gas and electricity. 
Robot Glynn Jr., president of the utility, said Friday that 

• Valera’s marketing unit would provide a core around which the 
utility would build a nationwide marketing organization. 

The Assorted Press 

WASHINGTON —The admin- 
istration outlined plans Sunday for 
5100 billion in tax relief over die 
next six years, with almost half 
going to a child tax credit. Re- 
publican budget writers, seeking a 
tax cut twice mat size, offered half- 
hearted support. 

The tax-relief proposal is a pan 
of President Bill Clinton's plan, 
being announced Thursday, to bal- 
ance the budget by 2002. It en- 
visions $46.7 billion in curs for a 
SSOO-per-child tax credit and cuts 
of $38.6 billion for various ini- 
tiatives making higher education 
easier to obtain. 

It also expands ihe income level 
on deductible Individual Retire- 
ment Accounts, eliminates the 
capital gains tax for most home 
sales and reduces the estate tax 
imposed on the death of a fanner or 
small business owner. 

The $1,500 tax credit for the 
first two years of college and tax 
deduction of up to$lQ,0O0 for four 
years would make post-high 
school education free for most at- 

tending community colleges or 
state universities, the White House 
chief of staff. Erskine Bowles, said 
on CBS. "It will be an enormously 
helpful thing to a family." he 

Republicans, seeking broader- 
based tax relief of close to $200 
billion in their balanced-budget 
plan, praised Mr. Clinton’s pro- 
posals while questioning his tar- 
geted cutting approach. 

*Tm generally positive about 
this,” the House Budget Commit- 
tee chairman. Representative John 
Kasich of Ohio, said on NBC. But 
he said that under targeted cuts 
“it’s a government that basically 
says if you jump through this hoop, 
we'll let you keep some of your 

Representative William Archer 
of Texas, who chairs die tax-writing 
Ways and Means Committee, is- 
sued a statement welcoming die 
proposal’s c&ection, but said: “I 
remain concerned that his tax cuts 
are temporary while his tax hikes 
are permanent. As a result his total 
tax package may add up to an- 

other tax increase, not tax relief." 

The administration is looking at 
some S80 billion in new tax rev- 
enues. mostly on businesses and 
renewal of the expired airline tick- 
et tax. About half that will come 
from ending what the director of 
the Office of Management and 
Budget. Franklin Raines, called 
*• unwarranted corporate subsi- 

Negotiations on a final lax cut 
package are likely to focus on Re- 
publican demands fora far broader 
capital gains tax reduction, and 
Mr. Raines said that he admin- 
istration "would be willing to talk 
about" a compromise. The admin- 
istration plan covers an exclusion 
of $500,000 of capital gains for a 
couple selling a main residence. 

Administration officials em- 
phasized that beyond that, capital 
gains relief is of low priority. 

The main items of the admin- 
istration plan are: 

• A phased-in S500 tax credit 
for dependent children: $46.7 bil- 

• HOPE scholarship tax credits 

of up to SIJ’OOaj, ear. avai lable for 
the first two sears of post- sec- 
ondary education: SiS.h billion. 

• A phased-in S 10.000 tax de- 
duction for post-secondary edu- 
cation and training: SI 7.6 billion. 

• Tax breaks for businesses, of- 
fering educational assistance and 
exclusion for forgiveness of cer- 
tain student loans: S2. 7 billion. 

• Expanded income limits on 
deductible IRAn to $70,000 
(S 100.000 joint i: S5.5 billion. 

• Exclusion of $500,000 
($250,000 singles) of capital gains 
from selline a principal residence: 
$1.5 billion. 

• Tax incentives for distressed 
areas: S3 .4 billion. 

• A new uelfare-to-work credit 
through Sept. 30. 2000. to encour- 
age hiring of long-term welfare 
recipients: $0.5 billion. 

• Small business and farm es- 
tate tax relief: SOT billion. 

• Other initiatives, including 
extending expiring tax provisions 
and providing new incentives for 
economic development in Puerto 
Rico: $4 billion. 

Mutual Funds’ Year: 
Their Best, or Not? 

\, n )i>»i f»M« i >rnn i 
NEW YORK — Everyone knows 
that 19% was a record year lor the 
mutual -fund industry. Or was it? 

Mutual funds that invest in stocks 
took in more money Iasi year than 
ever before, a w hopping S22 1 .9 bil - 
lion, according to the Investment 
Company Institute, the funds' trade 
group. That raised total assets of 
stock funds to SI. 75 trillion and 
easily beat the old record for inflow s 
of $1 29.6 billion, set in 1993. 

Bui when those inflows were 
measured as a percentage of assets, 
the vear ranked no belter than fifth, 
well I behind the 1993 record, which 
equaled 24.8 percent of cquily-l'uiul 
assets. On that basis, last year’s 
flows also fell short of levels reached 
in 1092. I9R6 and 19X3. 

Cash flow s into bond funds were 
well short of a record, though they 
were positive for Ihe first time since 
199.3. Last year's bond inflows of 
$13.3 billion raised the category 's 
assets to $886 billion but made up 
for only a portion of the $45 billion 
taken out in 1 994 and 19**5. 

CHARITY: Recipients Urge Anonymous Donors to Go Public in a Bid to Draw More From Others 

Continued from Page 11 

mg to a 1991 study of pro- 
fessional fund-raisers by In- 
diana University. 

.And hound they do. In 
1987. when Jeny Collins, a 
Florida multimillionaire with 
interests in greyhound ra- 
cing, agreed to give publicly 
$1 J million of his $75 mil- 
lion fortune to Oral Roberts 
University. solicitations 
from other causes flooded in 
— soon forming a 2- foot- 
high stack. 

Mr. Collins, then 79, did 
not mind the attention. But he 
had to hire a graduate student 
to help keep track of all the 

Others are bashful because 
they want to conceal their 
wealth from former spouses, 
possible kidnappers and. in 
some cases, their own chil- 
dren. Mr. Feeney, for in- 
stance. chose anonymity in 
part to assure his offspring a 
more normal childhood. 
Some, of course, simply want 
to do good, with no fuss or 
ulterior motives. 

But they all meet formi- 
dable resistance. 

Michael Bloomberg, the 
founder of a financial and 
information services com- 

pany. was crucial in persuad- 
ing Mr. Sheridan to come for- 
ward. As Mr. Bloomberg, the 
chairman of the trustees of 
Johns Hopkins and himself 
the recent donor of $55 mil- 
lion to the school, explained: 
"Fundamentally, we are all 
followers. If I can get some- 
body to be the leader, others 
will follow. I can leverage 
that gift many times over." 


At first, Mr. Sheridan, vice 
chairman of the school's 
trustees, wanted to avoid 

“I was concerned about 
how our friends, our neigh- 
bors, our tennis group and 
our employees — we are an 
employee-owned company 
— would understand this." 
he said. 

Mr. Sheridan said he knew 


that Mr. Bloomberg and Wil- 
liam Richardson, then pres- 
ident of Johns Hopkins, were 
looking for a substantial gift, 
and he agreed in the end to 
give the $30 million over five 
years to the school’s Eisen- 
hower Library — and to do so 

"Mike and Bill pushed me 
to understand the impact we 
could have on others. " he 


said. "I have been surprised 
that what 1 did would influ- 
ence people so strongly that 
they \v ould commit to a larger 
gift than they had planned to. 
because we had done so." 

But other donors still re- 
fuse. Though Mr. Bloomberg 
succeeded in getting Mr. 
Sheridan to go' public, he 
failed to persuade a man w ho 
contributed $15 million to 


5 mmines from museum, euppiuj: am 
an J jrsuuraflK W minutes frum business . 
ham. 271 rooms. e seams e flora - and 
meeiinc rooms up iu 10(10 fwsncv. 
Readers ,rffcr fire upgrade to executive , 

floor i/Untv iMfVTwj.' itu< ndm 1HT r bra rrvrt tn i \ 

Apollokum I3K-I4D 
1077 BO AmslenJam 
Td: 191-3)1 571 I22*J 
Fas : <.V|-30i bu2 hMW 


Mi l MilLlI 

One nrLsnkia’s it»«j elegant and iradiimnal 
hi nets u-jib M>k\ sh;inti and ungirubij . 
tnsuNi sjiia/ix/ in the heart 
of ihe W'isi End and uierkaAinp Given Part.. 
Now an ITT Sfcraton hotel. 

Pktadillv. button. W|Y XRJC 
Tel: 1441 17| 4‘«h32l 
Fax :(44i I7l 4*w 

22 Meeting rooms up in 1500 persons 
Ness tubby & restaurant 
Close to cultural and b tea ness ccnirv 
Fairp/uund anl airport truly 10 mm - m-j\ 2u 
4CH74 DOssdducf 
Tel : C4U-21 1 1 43770 
Fax. 149.211 1 4377 tiSO 




1 where Swiss (Jualils meets Italian I h*spn jIii v 
1 1.7 i immo. fully .■tinimJHt'Kkxl. 2 r oiauwrts. 

I Ankjxun bur. isilskh: swnnniinjqy »4. 
i purlin* Moisinp Far links up njfld |vr<«. 


Via Caiiuri I S. CH - bWC I jiejiui 
Tcl:i4l 91 1 W4 23 .72 
■ l4|.9lt ><04 »5 IX 

II II 1 L L 
I P' S U I 

gil ihnun 

The B*nj Hole) i» Edinburgh 

I Festival Square 
Edinhurjh EH.5 9SR So nium! 
Td: 1441 131 22«‘MM 
Fa»l44l 131 22*' P254 



The Most I'jiiu-iis 1 1. -tel m Frank i tin 


D-HiVt Fr.tnl.iun lit’miarti 
Td t4*'-««i2J5»i2 

Fjv |4W.(M|2I5>I|R| 

Johns Hopkins to do like- 

"This donor has a history 
of making gifts annnvni- 
ouslv." said Robert Lind- 
gren. vice president for de- 
velopment and alumni 
relations at the university. 
"We asked him let let us iim* 
his name. He said no heeause 
he didn't want to tv inund- 
ated with requests ’' 



Ik-s/ik'niilintii It il . in. 4> - thl'M**- 
- M.ik- , J die .<n uksimv: ami kiikpielm-.' 
f.vililu-s I'm. He l.i\ lit e»ci} m«ii - 
Tw hijAh r.flol ri-.I.irir.utrs 

I id <Ji ”i7»i'is;i.k.s i4i "r.iiiv 

LE udniiiev' palace 

... The ulnmuie Iksu(} rn kM n 
in muentfiLvni sunininJines 
l-ronch sjxvlahi n.-\i:mr.ini. 
Hans's New-Ymi Bar 
Fur y»ur Mcviinp A Cunfeienees 
- Le Pax Palais - CunsailMMi IVnler 

HU*. Grand Rite Muiilrvux. Sw ii/erland 
ftv (41-211**0 17 17 


V I IT Sm» M.»s L' - its ■ .«"■ tar. 

KeieniK In if % unuuud 
spleihlotir. irie hole I is Ii ■e.iled in ihe I lean 
i -I the i. ns*, lid “tied rooms, •jounnel 
rosiatir.uu. Isar. pwiio. Uinquei laohnev 
liii>L-s' u-iiire. 

ss. asi-nue tieon:L- V - ?5<IPi Pans. Fraiike 
rd . i X *i («l 57 23 77 77 
his • 1 5.1(01 53 2.5 ?X 7s 



SdiNT J sMt*. I'aris 

’the « hits H»ie/ in IVns 
That l.ol's l.ile .i Guicju 

Rioiils Ir-Hp llxXIF 
Td :i."m 01 44115X1 SI 
Pas r.53iO|44(t5KIX2 


KvVhJ lOftiWgf! Uw awChoe 

I Soles 

Slocks Djw YU iodsHars Lw Ore Owe 

ConsoSdaied prices lor aB shares 
traded during week ended Friday. 





^ ^ 

« a Hfi. % p' 

.in ^ Rfc fife -i 

izS Ss -v 

a a' ft Ife 

si ii ij- .G 



- 6 fl 1*-^ iy» 

S J8 a sfiM,'* 

~ | 1?^ & & 

fc 45 

fit B>. « 

Stocks PWYM IGMRqulcwQmObb 

.» Q* S PF if 

;. i?» n! » m T*' 



as yskSji. •* 

»B .sajsm-i 

J 2 i.T las? v> aw w*» —4 


J* 2.7 Z'!'* 

n M7A 

i -**¥■ 

W< ?’S 


s =st 

iooi7> lJ 









ji a 

s.j .il 


- ZiKH.w llw 12^ -Y 

joolgu r g X 
J» 3 ^ P 'S 

4 J* 7** *1 

***& vlt VC? ** 

f| g aw** as 

JJt£5 aft c* 


” r 

Continued os Page 17 





PAGE 16 





Amid the Dollar’s Gains , Traders Turn a Bit Cautious 

By Carl Gewirtz 

Intcmarional Herald Tnhunc 

PARIS — The mood in the foreign- 
exchange market remains uncon- 
testedly upbear about the dollar. But a 
mood of caution after last month's 
sharp appreciation of about 6 percent in 
Europe and 5 percent in Japan is likely 
to limit the speed of its rise. 

The big g est immediate concern is a 
meeting of the Group of Seven leading 
industrialized nations in Berlin at the 
end of this week. European officials 
have been broadcasting that exchange 
rates will be a key topic of discussion. 

The prevailing market view is that 
there is not much officials can do to stop 
the dollar, as long as the appeal of higher 
U.S. interest rates is not threatened by an 

upturn in rates in Germany and Japan 
that no one expects to come soon. 

Reflecting the dollar's popularity, a 
historically high 48 percent of the re- 
cord volume of international bonds 
launched in January was denominated 
in the U.S. currency. 

Nevertheless, the meeting in Berlin 
is spreading an air of caution. A de- 
cision to intervene to stop the dollar 
would have little chance of success 
unless it were accompanied by a 
change in policies — and any such 
change looks improbable, given the 
disappointingly slow growth in Ger- 
many and Japan. 

Intervention can be effective, at least 
in the short term, if huge speculative 
positions can be scared out of the mar- 
ket. But disarray within the G-7 rules 

out die prospect of coordinated inter- 

vention. analysts say. 

France and Italy are believed to favor 

inflation through a 
but of a sell- 

a strong dollar as a means of improving 
their own international competitiveness, 
and President Bill Clinton's adminis- 

tration is perceived as favoring a strong 

th and 

dollar to tame domestic growth 

forestall an interest-rate increase by the 
Federal Reserve Board that could un- 
dermine U.S. stocks. What is less clear 
is how intent Germany and Japan are on 
halting the dollar's gains. 

The president of the Bundesbank, 
Hans Tietmeyer. braked its ascent last 
week by saying the “normalization" 
of the dollar's exchange rate was 
“nearly over.” But the Germ an central 
bank's main fear, said Patrick Artus of 
Caisse des Depots in Paris, is not of 


weakened exchange rate but 
off in German bonds. 

Close to 60 percent of German gov- 
ernment bonds, or Bunds, are held by 
nonresidents of Germany, Mr. Anus 
said, and Germany “can't afford a 
weakening of the mark that scares for- 
eign holders into dumping their 
bonds.'* German officials have often 
insisted that long-term interest rates 
have much more impact than short- 
term rates on business investment and 
overall growth. 

compared with that of the French and 
Italian markets, where nonresident 
holdings are less than 10 percent. 

Similarly. Mineko Sasald-Smith at 
Credit Suisse First Boston in Tokyo 

argued that the Japanese government, 
which historically has aimed for a weak 


The figure on nonresident holdings 


is exaggerated, as a large amount o: 
represents domestic tax' evasion — 
principally, German money shipped to 
Luxembourg and reinvested in Bunds. 
But the exposure to foreigners is large 

currency, had solid reasons for oppos- 
ing a further rise in the dollar. 

With Japan's official short-term in- 
terest rate pegged at a historically low 
0_5 percent and wholesale prices rising 
at 0.8 percent in the past two months 
because of the weakening yen, bank 
depositors see the specter of negative 
interest rates, she said- If they withdraw 
deposits in search of higher yields, she 
warned, it would intensify Japan s 
hanking crisis and risk destabilizing an 
already wobbly stock market. 

Broad EMU Is 

‘Time Bomb, 5 4 
Top German 
Bankers Wai n 


Broader Horizons? 

ROMAMA: Constantinescu’s Government Seeks $500 Million4n Emergency IMF Aid 

Continued from Page 1 1 

Continued from Page 1 1 

small group of countries and why coun- 
tries such as Spain, and Italy are de- 
termined to be present 31 the beginning. 

According to the Maastricht treaty on 
European unity, the central bank's 
policy-making core will be a six-person 
executive board whose members will be 
appointed to eight-year terms by the first 
group of countries to adopt the' euro. 

If that group includes just Germany 
and a handful of hard-currency allies 
such as Austria. Belgium. France, Lux- 
embourg and the Netherlands, the board 
is likely to continue to follow today's 
German-dictated monetary policy. 

If the group includes southern Euro- 
pean countries with less of a history of 
price stability, (he board may take a 
more moderate stance. 

One Spanish diplomat said the risk of 
being locked out of the executive board 
for the first eight years of monetary union 
is one of (he biggest reasons Prime Min- 
ister Jose Maria Aznar has focused 
Spain's entire economic strategy on en- 
tering monetary union in 1999. 

What do central bankers themselves 
think? Helmut Schlesinger. the former 
president of the Bundesbank, said the 
European central bank's sole objective 
under the Maastricht treaty was price 

But Wayne Angell. the chief econ- 
omist of Bear. Steams & Co. who stepped 
down from the Federal Reserve Board in 
1994, predicted a more heterogeneous 
viewpoint that would reflect Europe's 
differing traditions toward money. 

“Ir will develop its own flavor." Mr. 
Angell said. “I would expect that flavor 
to be somewhere between the Bundes- 
bank and the Federal Reserve." 

IMF standby credits, analysts said, plus 
a further $500 million from the World 
Bank. Last year, it received about $100 
million of a planned $460 million 
standby IMF loan that was suspended 
ahead of November’s elections. The 
IMF managing director. Michel Cam- 
dessus. visited Bucharest in December, 
and last Friday. Mr. Constanrinescu met 
James Wolfensohn. the World Bank 
president, here in Davos. 

In an interview here, Mr. Wolfensohn 
said he had discussed Romania's situ- 
ation with Mr. Constantinescu. “I am 
very impressed with him and his 
policies." Mr. Wolfensohn said. “We 
look forward to working with his gov- 
ernment in a supportive way." 

The result of the austerity conditions 
that would come with an IMF and 
World Bank loan package, the Romani- 
an president acknowledged, would be 
“extremely tough social consequences 
for Romania.” 

Mr. Constantinescu. 57. also said in 
the interview that he would travel to 
Brussels on Monday to ask the NATO 
secretary-general. Javier Soiana 
Madariaga, to consider Bucharest's ap- 
plication for membership in the military 

Observers, however, do not believe 
Romania stands much of a chance of 
early admission to the North Atlantic 
Treaty Organization. 

Although Russia remains opposed to 
the idea of Romania joining NATO, Mr. 
Constantinescu said that was a top pri- 

ority for his new government, “as well 
as for a huge majority of our people." 
He added that he would be happy to 
have NATO troops on Romanian soil 
and ro offer airport facilities as well. 

“The Romanian economy," he said, 
“is not working.” He said gross do- 
mestic product in 1996 grew by 4.4 
percent, but the new austerity program 
is expected to lead to zero growth in 
1 997. Likewise, unemployment was put 
at 6.4 percent by the previous gov- 
ernment, and with the restructuring of 
state industries, it would probably jump 
to 10 to 12 percent this year. 

And Romania's inflation rate, which 

was running ai 57 percent in 1996, 
Div bee 

would spike up sharply because of the 
liberalizing of energy and other prices. 
“The most optimistic figure for 1997 

would be inflation of more than 80 
percent,” said the president. He said his 
aim , however, was to stabilize the econ- 
omy and bring inflation down to an 
annualized rate of 25 percent by the end 
of 1997. 

Mr. Constantinescu also said he was 
aware that the austerity plan would 
probably produce "very harsh reac- 
tions," but he asserted that there was no 

“The Romanian economy can be 
compared to a sick person who can be 
saved by open-heart surgery," the pres- 
ident said. "We do not have time to 
prepare the patient with vitamins. We 
will have to have the operation im- 
mediately but we will need a blood 
transfusion, otherwise the patient could 

SOROS: Financier Sees ‘Crying Need’ for a Debate Over Europe’s Political Foundations 

Continued from Page 11 

their economic conditions improve. 

Q. Changing the subject, you have 
recently been at the center of controversy 
over your criticisms of the capitalist sys- 
tem. What is your message here? 

A. My argument is that the fact that 
government intervention has proven to 
be ineffective and creating market dis- 
tortions is no reason to believe that 
markets are perfect. 

Q. But what exactly do you mean 
when you say that capitalism can be a 
threat to an open society? 

A. In my view, the laissez-faire ideo- 
logy is akin to the Marxist ideology in 
that it is rooted in a 19th-century view of 
social affairs. This is based on the phe- 
nomenal successes of the natural sci- 
ences. But the natural sciences have 

come to recognize the elements of un- 
certainty and chaos. We need to take 
that intellectual step of recognizing fal- 
libility. That is my message. 

Q. But could you try and relate this 
philosophical construct of yours to ac- 
tual markets and capitalism? 

A. Laissez-faire ideology has not been 
translated into reality when 35 percent of 
U.S. gross domestic product is the gov- 
ernment sector. You could also say that 
Marxist ideology was not translated into 
Soviet communism. At the margin, we 
are being motivated by laissez-faire ideo- 
logy, with examples such as welfare re- 
form, or leaving it to business to take care 
of health care, and this has the unin- 
tended consequence of making the bu- 
reaucracy of health-maintenance orga- 
nizations override the view of doctors. 

Q. And what are some of your rec- 

ommendations, then? 

A. A different approach to health-care 
problems is needed. I think managed 
competition in the health sector was a 
crazy idea. But I don’t actually have the 
answers. What I am (king is raising the 
problems; and I am trying, for example, 
to provide partial answers, such as the 
Emma Lazarus Fund to correct in- 
justices done to illegal immigrants or the 
need to have more campaign finance 
reform, to create a "clean money" op- 
tion. But there are no panaceas. 

Q. Some of your critics say that much 
of what you are saying now reflects the 
guilt feelings of a man who has become 
enormously wealthy. How do you re- 
spond to this criticism? 

A. Well, my ideas about fallibility, 
for example, have been very helpful in 
making the money. 

Q. Let’s turn to Bosnia. Where do 
tilings stand at present, in your view? 

A. The future of Bosnia remains up in 
the air. The institutions designed in 
Dayton are empty shells. So much de- 
pends on what happens in Belgrade and 
m Zagreb, and I would say even more in 
Zagreb because the hard core of Bosnia- 
Herzegovina remains intact One can 
only hope that European statesmen will 
have learned from experience in Bosnia 
and will act to pre-empt more problems 
by devising a consistent policy in the 
region and then sticking to il We should 
also think about disturbances in Albania, 
about social tensions in Macedonia. 

Q. Is there any hope of apprehending 
the alleged war criminals in the region? 

A. I think it would make a very big 
difference if that happened, but 1 don't 
have any indication of imminent action. 


DAVOS. Switzerland — leading 
German bankers held out the prospect 
Sunday of turmoil on financial market n 
iF Italy and “certain other countries" 
were allowed to help launch Europe's 
single currency in 1W9. 

Only by limiting economic and mon- 
etary union at first to countries with the 
strongest currencies can the euro hope 
to win the markets* confidence. llic\ 
said at the annual World Economic For- 
um meetings in this ski resort. $ 

“If Italy and certain oilier countries 
are in. a time bomb is ticking within 
EMU.” a board member of Deutsche 
Bank AG, Ulrich Cartellieri. said. “The 
fiscal success that the government in 
Rome has enjoyed recently cannot be 
maintained in the long run.’* 

Horst Sieben. president of the Kiel In- 
stitute of World Economics said the 
Deutsche mark could plunge, with the dol- 
lar reaching 2 DM. if monetary union ex- 
tended south of the Alps. The dollar closed 
in New York on Friday at I.foSfi DM. 

“The euro will probably be weak, 
inflation will rise in Europe, we will 
have financial instability in world cur- 
rency markets and political disputes on 
the dollar-euro exchange rate." he said. 

Italy. Spain and Portugal have i'jA 
sisted' for months that they will nP 1 
founding members of the euro and have 
used tough savings drives to help meet 
national economic criteria on deficits, 
debt, inflation and interest rates. 

“Spain can make it." said a Dresdner 
Bank AG board member. Ernst -Moritz 
Lipp. “Italy probably not. Bui it does 
not work politically to have Spain take 
part in EMU without Italy." I 

He said. ' ‘The political art and task for 
Germany and France now is to convince 
Spain to forgo joining EMU at the start." 

He called the possibility that a large 
number of countries would launch the 
single currency “a sword of Damocles 
hanging over financial markets." 

Johann Wilhelm Gaddum. vice pres- 
ident of die Bundesbank, declined iq 

speculate on which EU members migjjjp 

be in the founders' club bul said. “If the 
are unjustified compromises in die se- 
lection process, there is die threat of tur- 
bulence.” Finance Minister Theo Waigcl 
said there was no point in speculating 
about participants until early next year, 
when countries’ 1997 economic perfor- 
mance will determine their eligibility. 

The president of ihe European Com- 
mission. Jacques Santer. said a “sig- 
nificant number" of countries would 
join, but he did not say which ones. 

Hoechst is a world leader in pharmaceuticals 

and chemicals. But how on earth is it pronounced? 

You probably come across us 
every day, perhaps without even 
knowing it. 

Maybe in our medicines that 
help doctors keep you healthy or 
treat serious illnesses. 

Or in the food on your table, IL 
grown with the help of our agricul- 
tural products. 

Or maybe in your home or 
car where our advanced materials 
such as fibres, plastics and paints 
make your life easier safer and 

But with our name some people 

still get a little tongue-tied! 

It’s actually very easy. 

We’re called Hoechst, pro- 
nounced “Herkst*. 

You can say that, again! 

For more information about 
our activities please contact 

D-65926 Frankfurt am Main 

http:// w w vv.hoechst.coni/ 



t • 





With a staff of 145000 people wp rb hnd e, annual sales total DM52 bilHon. 







PAGE 18 







But Errors Mar Match; 
Ireland Edges Whies 


LONDON — England produced a 
statistically impressive yet curiously 
disjointed victory in its opening game in 
the Five Nations' championship. 

The defending champion over- 
whelmed Scotland on Saturday at 
Twickenham by a record winning mar- 
gin of 41-13 for an Engl and-ScoLl and 
Calcutta Cup match. However, it strug- 

Five Nations Ruobt 

gled to take control of the game and 
scored more than half its points in the 
space of five minutes after an hour of 
uninspiring and indifferent rugby. 

In the other second round match, Ire- 
land. unbeaten in their previous six vis- 
its to Cardiff, triumphed again, albeit by 
only one point, with a 26-25 victory 
over Wales. 

England’s First-half performance was 
lackluster and it was lucky to take a 16- 
10 lead into the half rime after referee 
Paddy O'Brien awarded a penalty try 
for deliberate offside. 

Scotland, beaten 34-19 by Wales in 
its first match, narrowed the margin to 
three points before its defense cracked 
in the face of some sustained pressure 
by the massive England forwards. 

.Andy GomarsaU. England's scrum 
half, capitalized on a burst by lock Mar- 
tin Johnson. Will Carling, who had an 
outstanding game, scored his first try 
against the Scots, and Phil de Glanvilie, 
Carling’s successor as captain, scored 
the third. 

England, though, still looked one- 
paced and lacked penetration for most of 
a match that was riddled with errors. 

In Cardiff. Ireland, which had lost 32- 
15 to France in the opening round, con- 
ceded a try in the first minute but then 
ran up a 20-10 halftime lead through 
tries by Jonathan Bell, Eric Miller and 
new cap Dennis Hickie. 

For Wales. Ieuan Evans scored a try in 
each half, improving his national record 
to 33. while Scon QuinneU was again 
impressive. He barged over late in the 
match for his second try of the cham- 
pionships reducing the deficit to a point 

Ireland held on in a frantic final few 

Spaniard Wins Perth Golf Classic 


PERTH, Australia — Spain's Miguel 
Angel Matin sank a final-hole putt 
Sunday to stave off a late charge from 
Fired Couples of the United Stares and 
win goLf s $924,000 Heineken Classic 
on Sunday. 

Martin scrambled to save par on the 
72d hole to complete a one-under 7 1 and 
finish with a 15-under 273 at the Vines 
Resort course, one shot ahead of 
Couples, who had trailed by five shots 
but clawed his way up the leaderboard 
with a final round of 67. 

Couples reached the 17th ree at 15 
under but put his second shot to the right 
of the green before taking a bogey five. 
He then played the 18th bole in reg- 

ulation figures and watched as Martin 
made a jittery par on the final hole. 

Martin hit his final drive down the 
middle of the 18th fairway but then used 
a wood for his second shot, which 
trickled over the back of the green into a 

The Spaniard's recovery shot shaved 
the hole and be then rolled in the putt 
from 2 3 meters (8 feet, 3 inches) to take 
his second title on the European PGA 

Martin had begun the final round with 
a three-stroke lead over New Zealand's 
Frank Nobilo after a third round of 65. 
His lead had evaporated when he fell 
back to 13 under with a bogey five at the 
12th hole. 

But he regained his composure and 
put himself back on track for victory by 
rolling in a putt of 7.5 meters for a birdie 
on the 14th hole. . . , 

Marc Fairy and Jean van «ie Velde of 
France finished in a three-way tie for 
third with Nobilo at 275. 

The defending champion. Ian 
Woosnam of Wales, carded a final 
round of 66 to finish equal with Aus- 
tralia's Wayne Riley at 276. 

Colin Montgomerie of Scotland, the 
world No. 3. hit a 67 to finish well back 
at 281. while John Daly, the former 
British Open and PGA champion, ended 
a disappointing weekend with a 76 to 
finish at the bottom of the leaderboard 
with 302. ft ^ 

Pebble Beach Record Sets Up Duval 

Trent CoOcbVTV Unearned teem 

West Indies batsman Phil Simmons looking to the umpire as Australian 
wicketkeeper Ian Healy, center, and captain Mark Taylor appeal the catch. 

Lara Scores His First Century 
As West Indies Lead Australia 

C mvM tf Om St&Frtn DUpmfrts 

fornia — In bis three years on 
the PGA Tour. David Duval 
has grown a goatee, won $2 
million, lost about 35 pounds 
and adorned himself with 
sunglasses roughly the size of 
a windshield. 

But he hasn’t won a tour- 
nament. On Saturday, Duval 
pat himself in position to fill 
that ogly little hole in his re- 

Duval stuffed a three-shot 
lead into bis bag in the AT&T 
Pebble Beach National Pro- 
Am after he tossed a third- 
round 62 at poor old Pebble 

52 at poor 
Beach, equaling Tom Kite’s 
record set in 1983 under sim- 

minutes and, as the Welsh skipper 

Jonathan Humphreys commented: 
left it far too late." 

Evans, sprightly as ever at 33. has still 
not played in a winning Wales side 
against Ireland at home and talk of a 
Welsh revival will have to be put on 
hold for the lime being. 

"We let Ireland control the pattern of 
the game and they dominated us,” 
Evans said. "We've got to pick 
ourselves up at'er this.’ ' 


PERTH, Australia — Brian Lara fi- 
nally lived up to his reputation by scor- 
ing his first century of the test series as 
the West Indies built a substantial lead 
over Australia in the fifth and final test 
chi Sunday. 

The West Indies vice-captain hit 132 
on the second day at the WACA 
Ground. His innings, which gradually 
increased in tempo and flamboyance 
after a cautious beginning, helped steer 
the visitors to 353 runs for seven wick- 
ets in reply to Australia's first innings 
243. At the close of play. Carl Hooper 
was not out on 57. 

Lara's century was his first first-class 
hundred on tour. He adopted an un- 
usually patient approach early on after 
joining opener Robert Samuels in a cru- 
cial partnership. 

The pair came together with the fall 
of Shivnarine Chanderpaul for three 
with, the total on 43 for two, and added 
208 tuns for the third wicket, the biggest 
West Indies partnership of the series. 

Lara’s dismal form had helped Aus- 
tralia build an unassailable 3-1 lead in 
the five-match sene;. 

Samuels took five and a half bouts 
and 228 deliveries to reach 76, his 
highest score of the test series. 

Id contrast, Lara faced L85 deliveries 
and smashed 22 fours and one six during 
his stay of nearly four hours at the 
crease. He cut loose after reaching his 
century, saving his most aggressive 
shots for leg-spinner Shane Wame. But 
early on. Lara's approach differed 
sharply from his previous efforts. 

Until now. Lara has appeared de- 
termined to dominate the bowling from 
the outset, whatever the circumstances 
— a tactic that failed to pay off. 

On Sunday, he was cautious in his 
shot selection while playing himself in, 
shedding the strokes that have so often 
led to his downfall on tour. 

West Indies began the day on 25 for 
no wickets before losing opener Sher- 
win Campbell and Chanderpaul cheaply 
before lunch. 

Fast bowler Curtly Ambrose under- 
lined his importance to foe visitors by 
taking five for 43 on Saturday on his 
return from an injury, while Steve 
Waugh and Michael Bevan both scored 
fine half-centuries. 

ilar lift-and-place conditions. 

Afterward, Duval tried to 
explain what went right. 

: “I don’t know, I was just 
hittin’ it and I went on from 
there,” he said. 

Duval’s 54-hole total of 
198 was 18 under par, but the 
chase was on. 

Golfs elite has used the 
lift-clean-and-place rule to 
set new tournament scoring 
standards. An hour after 
Duval posted -his 62, Tiger 
Woods came within a 12-foot 
putt of marching it. And Dav- 
id Frost also toured the famed 
layout in 63 on Friday. 

Woods's 63 moved him to 
11 under par, seven shots 
back of Duval, whose three- 
year career has been Uttered 
with near misses and second 
guesses. Five times over two 
seasons Duval has put him- 
self in position to win. only to 
finish second each time. 

* T think if it continues for a 
couple of years. I’ll say, ‘Yes, 

I thought 1 would have won a 
golf tournament by now,’ ” 
Duval said of his winJess 

“But I’ve played well. In 

’95 Z broke foe tournament 
record here and got beat. The 
most important part for me 
foe last couple of years has 
been to get better. I dunk I've 
proved I can compete out 
here, but to compete at the 
highest level I have to im- 

Duval might have proved 
that when faeeagled two of the 
first seven holes Saturday to 
go out in 28, breaking the 
coarse record for nine holes 
by two strokes. This caught 
the attention of all chal- 
lengers, including Woods. 

"We were - on No. 2 and 
looked up and saw 8 under 
after seven.” said Woods in 
amazement. "We thought it 
had to be a team score.” 

Wrong. The team leaders 

were Craig Stadler and Glenn 
Frey, the rode musician, who 
shared first with Frank Uck- 
11 ter and his amateur partner, 
Joe Mayemik, at 33 under. 

The actor Jack Lemmon 
again failed to make the 54- 
hole cut. maintaining his re- 
cord in mote than two decades 
of playing in the tournament. 

"I'd never been in a situ- 
ation where I’d played seven 
holes and was more under par 
than holes I’d played,” Duval 
said, smiling. 

Duval might have to work 
even harder with Jim Furyk 
and Mark O'Meara breathing 
down bis neck at 15 under par. 
O'Meara has four victories 
here in the last 1 1 events. 

The Swedish competitor 
Jesper Pamevik was four 

shots back at 202 after his 67 
at Spyglass. 

foods, in fifth place, said 

he learned quickly how to 

Tiger Woods taking a fairway shot on the treacherously scenic ninth at Pebble Beach. 



NBA Standings 


























Mew Jersey 














21 '6 









































whtun comma 































5an Antonio 










pacific annsoN 

LA. Lakers 

























Golden 5 tote 











Minnesota If 21 25 25—97 

Sm Antonia 25 25 If 25-93 

M: Cornett 1246 5-5 30. Gugnoita 7-19 B-B 
2ft SAtWilhlns 8-16 11-1 1 27, Maxwell B-l 7 
6-6 27. Ramrods— Mhmuia 54 (Garrett 

301. San Antonio 36 (Anderson 9). 
Autats— Minnesota 27 (Porter BJ. San 
Antonia 20 (Johnson 6). 

Was btegton 22 22 24 27-45 

Seattle 25 20 M 22-97 

W: Webber 8 -U 3-4 2 a CJMoiK) 8-14 M 
* 6 : S: Poytan 8-23 1-3 1?. tahirnraf 7-\t 4-6 
IB. Rebounds— V/osh^vjwn 51 (V-chber 101 
Seattle 54 l temp 101- Assists -Wnshinaton 
21 (Strickland 101, Seattfc 24 (Pavtar 7). 
Atlanta 23 2S 25 14- 87 

Vtaocnmr 25 18 21 12—76 

A: Smith 7-14 M 24, Blaylock 9-15 1-2 21; 
V: AMur-Rahlm 10-23 4-5 24, Peeler 7-1 S 0-0 
la. RebMmds— Atfcmki 50 (Mutombo 15), 
Vancouver 39 lAMur-Rahlm 101. 
Assists— Atlanta 17 (Smith 6 ). Vancouver 27 
lAnW*tyl 2 J. 

Chicago 35 25 31 34—115 

GoMea State 8 27 27 30- 92C:Pippefl 
14-24 2-3 32. Kufcoc 7-104-5 18. Ionian 0-17 

1 - 1 18; GJLSmlffi 7-15 1-2 16. Armstrong 7- 
120-1 15. Rabnunds— Chicago Si (Plppen 
10), Golden State 43 (Smith 81 . 

Assists— Chicago 27 (Jordon BJ, Golden 
State 24 (Coles 6 ). 

Portland 32 30 23 20—105 

Boston 25 1? 33 34—111 

P: Trent 10-174-4 24. Robinson 8-14 2-2 21 ; 
B: Fan 13-22 2-2 31 Wesley 7-16 4-4 20. 
Rebounds— Portland 55 (Wingfield 121. 
Boston 51 (Fm 13}. Assists— Portland 10 
(Anderson 6 ). Boston 24 (WOsiey 1 1 ). 
Orlando 27 31 25 26—109 

PWtadelpMa 31 21 15 32— 99 

O: Hcmtawoy 10-17 6-6 27, Grant 0-11 04) 
l&i P; Iverson 10-166-1026, MacLean 1H9 

2- 4 24. Rabounds — Orlando 48 (Grant 

Scfkary, Strang 7), PMadeipftta 54 (Cage 91. 
Assists— Ortando 32 (Anderson 8 ). 

Philadelphia 21 (Iverson 8 ). 

MBwaatae 23 34 25 33— M 

ChartaMe 36 28 16 22— 102 


8-154-522, Baker 8-21 2-4 18, Robinson 7- 
1 7 3-3 18; C Rice 13-20 1M 3 41 Curry 8-12 
2-2 ZO. Rebounds— MBwoukee 45 (Baker 

12 ) . Charlotte 50 (Dfvac 12 ). 

Aubfs— MRwaukea 10 (Perry 51. Ctmrtorte 
25 (Mason 9). 

Houston 19 19 16 20— 74 

Mena 34 23 » 23—100 


5-11 1-2 IX EUe *84-4 11 Harrington 5-10 
2-5 la I; Miller 1 2-20 6-7 31 D.Dovb 8-151- 
5 17. R ebounds H ouston 46 ( Herrington 

13) . Indiana 62 (DDovb II). 

Asstsn — Houston 15 (Uringston at. 

Indiana 21 (Best 8). 


DeSroil 24 22 21 23- 98 

New Jersey 17 !■ 19 21— 75 

ty. Hill 7-14 8-8 22 Thorpo 10-12 3-7 23; 
N-J-- GO 6-17 4-4 la. J.WiOams 5-18 1-311. 
Rabeimds— Oarait 47 (HOI 11), New Jenny 
51 (J.WWoms 15). Assists- Detroit 17 (HB1 
11), New Jersey 24 (Reaves 12). 

Pboeah 24 29 24 9— 86 

Tomato 31 33 25 21—110 

P: Person 8-195-721 Manning 6-133-5 15; 
T: WHDams 12-19 >3 JiComby 6-15 5-7 17. 
Bnboonds— Phoenix 52 (Bryant 10), Toronto 

Assists— Golden State 15 (Araistroag 61, Los 
Angeles 25 (Martin 7). 


NHL. Standings 

61 (Jones 14). Assists— Phoenix 23 
(Johnson. Nash 61. Toronto 34 tstaudamlre 

Mlwd 18 16 13 24- 71 

aavektad 15 15 II 18-66 

M: Mourning 7-10 1-2 IS, Hardaway 3-155- 
5 11; C: Brandon 6-15 2-2 15. HHI £% 86 14. 
Rebouads-MtanH 45 (Brawn 131, Oewefand 

K.Y. Rangers 
New Jersey 
Tampa Bay 

45 (HR 1 2). Asststs-MtamiM (Brandon 6). 
Qevetand 20 (Hardaway 9). 

WBb 14 29 36 18-97 

Dna« 26 21 21 32—108 

U: Malone 13-28 10-13 36. Russell 48 2-4 
12: D: Harper 8-129-12 29. Hwpor 8-12 9-12 
T9. Gaffing 8-17 3-7 19. Rebounds-Utoh 61 
(Osterrag 13), Dallas 46 (Gaffing 12). 
A*sws— Utah 25 (Stockton 13), OaRas 21 
(Harper 11). 

Sacwraenta 37 26 30 20-113 

Denver 28 33 29 17—117 

S; Rttenond 15-28 34 35, Gamble 9-13 M 
23; D: LEBs 11-24 2-327, MeDyes 8-17 7-0 
73. Pierce 7-109-9 23. Reboiwtfv— S ucromento 
55 (Richmond 13), Denver 44 (UEUs 7). 
Assists— Soeratne nta 24 {Pofynte Abtfni- 
Rauf 5), Denver 19 (Jackson 161. 

PbOodcfpfeja 24 32 20 33-109 

MRMukeo 35 22 16 27—100 

P: Iverson 8-23 7-12 33. Stockhouse 6-11 9- 
14 21; M; Baker 6-12 6-8 22 , RabtrtsaT 7-193- 
4 1 7. Rebeue*— PModeUMo 48 (Darts m 
MBwoukaa 46 (Baker 1(0. 
Assists— PMtodetphta 22 (Iverson -14), 
Milwaukee 26 (Allen 9). 

GeMenState 25 19 30 24- 98 

LA. CBppers 25 a 31 26-110 

G-ScSprevrefl 12-22 11-1240, Sntftti 8-14 7- 
8 23; LA_-V0ughtll-I7 3-4 25 Rogers 9-120- 
4 19. Rebounds— Gotten State 39 (Spmwer 
8), Los Angeles 44 (Vaught 13). 







w L T Pts 
29 15 7 
26 15 10 

26 20 7 
24 17 8 
21 25 5 

18 25 6 
16 26 9 

W L T PtS 
28 18 5 

27 19 S 
20 23 7 

19 25 9 
19 25 6 
16 23 10 

161 126 
147 118 
IB 147 
129 123 
134 139 
137 156 
137 149 


188 155 
147 133 
146 163 
166 187 
144 173 
132 144 



St Louts 




W L T Pts GF GA 
29 18 4 62 154 123 

55 148 112 
54 160 165 
48 140 161 
46 133 141 
39 153 185 

1 I 1 0-8 

Beer Jersey 1 2 8 0-3 

Hrat Period; T-M utter l« rrpedereon. 
Nedvedj z NJ.-Andraythuk 17 (Suilvan, 
Ralston) (pa). Second Perio d. T-GHmour 11 
(Nedrad) 4 New Janets Ho» la & NJ.- 
DJ’edenen 7 (Rotstorv Guerin) TWrt 
Perteet T-watfner 10 (Miffier, Nedvwfi 
Ora It ue. Nona. Stats on goat T- 10-8-5- 
2-25. NJ- 11-9-15-3—38. GoaBes: T- 
Couslneau. N_L-Brodeur. 

E d m c n tao 18 0—1 

F*sf Period: E-McAmomuJ 9 

(CtariumskL Dufresne) Second Period: 
Mont Third Period: None. Shots « gad: 
Mew York 66-12-24. E- 11-11-14-36. 
GooSes: New York, Soto. E-Joseph. 

Hartford 9 2 1—3 

Anaheim 3 2 1-6 

Rrst Period; A-Koriyo 21 CSefcnm 
RuocMn); Z A-BeBows 7 (Mironov, Setomw) 
(pp)- 3, a-> Setanne 29 (Katya. 
Bowoga finer) second Period: H-OWeB 11 
(tttadey, Ranhahn) (pp). & A-Pranger 3 
(Void 6. H-OftaS T2 (DModd (pp). 7, A- 
pranger 4 (Mironov, setanne) TUrd Period; 
H-OtMl 13 (Manden** Dinoen) 9, A- 
Ruecffinl2 (Kartyo. Dattas) Stats on gad: H- 
14-16-11—41. A- 12-13-9-34. Godtes: H- 
Muzzntrt. A-Hebert. 

9-7-4—20. Goall w: O- Rhodes. T-PoMn. 
Chicago 1 2 0—3 

l .o s An ge les 2 0 0-2 

Rrst Period: (_A.-Fennro 12 (Laoerrierel 
Z L-A.-Murmfnen 12 (State. Ktatstlch) (pp). 
3, C-, Savord 6 (Sykcra, Dahlen) Second 
Period C- Block 10 (Shanfc Carney) 5. C- 
Dahtan 10 (Sovurd, Amonta) TWid Period: 
None. Stats on god: C- 16-1 34—36. LA.- 1 1- 
89-28. GadKS: C-Hodcett LA.-OoFoe. 
V ta co u imi 0 • »-o 

Cdgmy 8 2 1—3 

Rrst Period: None. Second Period: G- 
Govey 4 (Reidwl Racine) (pp). Z C-Gavey 5 
(OUasson. Rodne] (pp). Tffifd Period: C- 
Wort Z Shots 00 goat v- Tl-5-15-31. C- 8- 
12-6-26. GoaBes: V-Mctean. C-KMd. 

Bologna A Verona 1 
CogCarl a Juventus 0 
Mten l Saiapdarta 3 
Parma I. Piacenza 0 
Perugia a interO 
Reggtana 1, Nopofl 1 
Roma l Vicenza 0 
UdTiwse 2, Larto 3 

STMtaueoat Juventus 37: Sompdorio 3 & 
Bologna 31; Vtcenn X, Inter 30. Parma set 
NdwB 2ft Roma 27. Atokmta 27; Ftoreriflm 
28 Lazio 26; MBan 2S,- Udnese 23; Ptocxnta 
2ft Perugia 1ft CagBari 16; Verona 1« Reg- 




Aberdeen 2. Klmamodcl 
Dundee United l.CeiflcO 
Dunfermline % Motherwell I 
Htoeroianl, Raimi 
Rangers 0, Hearts 0 


Austndta 1st Innings: 243 
west fndksld kvrfngs: 353- 7. 

CMno 1, U^. 1 


23 17 9 
35 24 4 
22 25 4 
19 26 ■ 
19 33 1 






San Jose 

Los A ng el es 

W L T 
31 13 8 
25 22 
24 24 
20 24 
19 26 
19 26 
IB 28 

70 177 122 
55 164 151 
50 157 164 
46 144 150 
44 129 151 
43 132 T5B 
42 141 181 

8 8 1—1 

Buffalo 8 2 1-3 

Rrst Parted: None. Second Period: B- 
Pfcmte 22 (Bomaby, ZhBnfc) Z B-Wcrt 7 
(Peat, SmeftHk) TWrd Period D-Modono 23 
CLangertonmneb Meawmatytt 4, B-Bomdiy 
12. Stats on god: D- 10-17-8-35. B- 9-12- 
3-24-Gndtas: D-Irtoe. B-Hasek. 


0 1 O-l 

StaJese 18 1—2 

Rrst Period: SJ.-Notan 22 (Cuo8a 
Badger) Second Perio d: C-Young 15 
(Loaofc Gusaior) TTdrt Period: SJ- 
Frinsvi 15 (Nolan, Badger) Stats on god: C- 
106-11-27. SO- 8-13-9-30. GoaBes: G- 
Ray. S-L-Betfouc Hrudey. 

0 2 l—a 

0 8 1—1 

Flrri Period: Nano. 

Piranha 4 (Bond ra) Z W-Corfer l, TUd 
Period: W-Bonda 32 (Housiey) 4, F-Lawry 

10 (Murphy, Dvorak) (pp).StatsangoabW- 

1 1 -1 1-5-27. F- 6-7-8-21 . GauttnR W-Oavy. 

Detroit 1 1 2-4 

St Loom 0 8 1—1 

Hist Period: D-Rowse X Second Period: 
D-Shanahan 27 (Kadov. Lartamw} Third 
Period: SJ_-Hdl 29 (Prongeri A D-, 
Shanahan 2& (sfi). & D-Kadav 14. Stars tm 
god: D- 1888—26. SJ_- 6-11-9-26. 
Godior.' D- Vernon. SJ--Rmr. 

N.Y. Rrmgaro 1 1 2-4 

PBBedotoMn 8 2 0—2 

Rrst Period: New York. Sunddram 18 
(Gretzky) secoud Ported: P-Podeta 11 
(Dastonft a. Otto) 3. P-Uadras IS OnCldr, 
Zufarus) 4 New YPrk, Karoovtoev 6 (Leefcfv 
Sundstrond (pp). Third Period: New YOrfc 
Messier28 (Groras) 4 New Ybriu NamtMnov 
5 (Lnddu Rabltaflle) Stats aa ffoab New 
V*k 7-3-7— 1 7. P- 12-16-13—0. 

New YOtk. RkMor. P-HaML 
Ptlffiburffik 2 8 2—4 

Rrst period: P-Lemleux 35 (Moron) Z 
. Phoenlb TtacfMik 32 Uanany: Madveri % P- 
Lemleux 36 (Nedveri WbaBay) Second 
Period: None. TMrt Period: P-Nndved 23 
(Johnsoa Hides) 5. P-Driodric 5 (Bamot) 
Stall aa gota Phoenix 9-11-1O-30. P- 10-8- 
15—33. Goa 8a: Phoenix, KhablbulbL P- 

Baton 1 O 2—3 

UnapoBay 8 0 8-8 

Rrst Ported: B-Bourgae 10 ( Sw een e y . 
Roy) S ncnnd Pol led: None. Ttant Period: B- 
Donda 16 (Bournuo) X B-, DtMato 12 
(Oates, Bourque) Csh-en). Shots aa god: B- 
8-7-12-27. T- 96-10—25. Sadies: B-TaBas. 

New Jersey 12 18-4 

Madrid 0 3 10-4 

Rrst Period: MJ.-ZeiepcMn 7 

(Htt denmt y e r, McKay) 

RUdnsky 15 (Dmaptansse) (d0, X NJL- 
Andreychuk 18 (DddebO 4 NJ„ 
Anfceydwk 19 (Ho*) S, M-Stav eii eo n X 4 
M-SovogelB (Corsorw ReccW) Ttad Period: 
JA-Rktar 15 ta weww w Hactel a. KJL- 
sunvoi 4 (Medermayec Odeiein) Owfta 
Nona. P endBes— N ene . Shdsoo goot HJ.- 
28-14-13-3—49. M- 76-11-8-37. C o dUfc 
NXOndwn. M-TMtauft 
Ottawa 1 8 1-2 

Toronto 18 8-1 

First Period: T-OaflV 6 (Wetanln) 10- vun 
Alert 4 (LoskkawD Ui. Scad Period 
Nano. TWrt Parted O-McEaehwn 4 
(Ridden) Stats en go* 0-16-18-12-38. T- 

New Zealand A 1st InntogK 18! 

England la brings: 107 
New Zeotand A 2d bring* 288 
Enffiond 2d brings: 166- 6 
New Zedand A won by 98 rum. 

Five Nations Cup 

World cup SMom ta Lnex. S wB at ten d: 1. 
Ooudta Riegler. New Zedand 0855-4320) 
120.75; Z Lora Magonl Italy. C3&97-4155) 
<30.87; X PemBo wiberg, Sweden 
□85641.97) 13051 - Martina Acdota. 
Switzerland (3&87-41.961 13081- 5. EM Ed- 
en Austria (3072-4229) 1214)1; 6, Sabine 
Eggcr. Austria 0896-42.16) 131.1ft 7. Trine 
Bakka Norway 09.18-4224) 131 Aft S. Deb- 
ordtCornpagnanL Italy (3923-4220) 131.5ft 

9, Patricia Ctouvet France (3185-4273 
13158; 10k Yha Nowen, Sweden (39-67- 

CamMned Event 1, Peroilio WIberg, Sweden 
n36.18-)30L8» 2 minutes. 47 J>) seconds: 2 
HIMe Gerg, Germany (13629-132.15) 
ft48^4; x Anita Wadder. Austria (13729- 
13231) 2^950; 4. SBryOe Brauner. Germany 
D 3750-13323 25053; S Cdherfne BorgliL 
Swltznriand 03730-13462) 23132; 6 
Moreno Gainzkv Italy 03827-13458 
£5X15; 7. Ingeborg Helen Marten, nom&. 
(13720-13844) 23574: X Trade GMe 
Norway (13848-13772) 2362ft 9, Marta 
Kvopkova, Slovakia (13128-I302S) 3322ft 

10. Made Jodie dement Canada (13857- 
13X88) 33255. 

England 41, Scofland 13 
Ireland 26, VraJes 25 

The Week Ahead 

South Africa Uettngs:180-4 (45.1 overs) 
Indio timings;! 79-9 

Souto Ahtco *mn by sbneidris. 


England 1 
France 1 
Water 2 
Ireland 2 
Scotland 2 


0 41 13 2 

0 32 15 2 

1 59 45 2 

1 41 57 2 

2 32 75 0 

Monday, Feb. 3 

mems, lira. Austria— women Austrian 
Open; Nagoya. Japan— women TVA Cup 

Tuesday, Feb. 4 


Ryder Cup Points 

Landing Emapeen Ryder Cup : 
riler Sandnyo Hebmfcon Ouak= 

1, Coin Monttaraertb Brftata, TILTH 
petals Z Miguel Angel Martin. Spain, 
251,575; X Thomas Bjorn, Denmark, 204501; 
4. Darren Ooriee BdUrv 181^02:5, Costanft- 
no Rocm. ndy, 17A247; 6. Seen Torrance, 
Brttata. 147,947; 7, Per- U Irik Jotamsson, Swe- 
den, 14422ft A Jeon van de Vbtte, France, 
141261; 9, Paul Broaffiiunl Brihffiv 121,43ft 
lft ion VtoasRim. ia083ftll, Peter kUMmft 
Brthda 97,99ft 12, Lee Westwood. Britain, 
77JSi 13. Miguel Angel Jlmena. Spate. 
91557; IX Podrafg H ar ring ton, iretend. 
84,15ft IS, Roger Choptnara Britain 8X297. 


Jan Krasfak (7), Stovakkv dec Leonder 
Poes. Imfla. 6-X 6-4; Alexander Voftov (8), 
Rasria, def. Brett Steven. New Zealand 7-6 

Aston VBa 1, tetaderiand 0 
Btaddwmft WbstHam l 
Derby 0, Liverpool 1 
Evertan Z Nottingham Forest 0 
Leeds a Arsenal 0 

-Manchester tinned Z 5offit euup tool 
SnefBeid Wednesday a Cavemy 0 
Tottaibam 1, Oieteea 2 
Wlmblerkin 1, MJddtosbraugh 1 
sundowa Mandmste r U rifled so.- Lf*- 
orpool 49; Arsenal 47.- Wewc asn e-CrCbetaea 
41; Wlmbletton 39. Aston V8ta Starred 
Wed ne sday 3ft Everton 3T. Tottonhara 3T; 
Lends 3ft Sunderland 2ft Btaddnirn 27, Le- 
toOffier27,Co eewny 2 7) Derby 2ft No Hk i ffixuu 
Foresf 2ft West Han 2ft Southampton 2ft 
Middlesbrough 19 

Tomas Nydotd Swe. and stefano 
PesoosaOda IL det Skna DosedeL Czech 
Repubflc and Jtm Krastak, Stav. 64. 7-5; 
Max Mimyl Betana. and Kevin UDyet Rus- 
Na. dec AnM OOwvsUy. Rus. and Bren 
Stewou Mew Zea. 7-4 (7-0, 3-d 7-6 (7-0 . 


Jan Krastak (7). Slovakia def. Atamder 
Volkov (B), Russia 6-2. 7-6. (7-2). 


eta, det Tomas NydaM, Sweden, and Stotano 
f tobCWffidlS Italy, 7-6 (7-5). 6-7 (7-4), 7-5. 

cvcuno, Marsetea France— Grata 

XTHuncs, Stuflgort Germany— 
Irtematlanaf Indoor meetteg 
cmetcKt; East Landmu Souin Africa- 
South Africa vs, Indfa, triangular series 


irtn—unjmperta. Italy— Fina World 
Oip overt through Feb. 5 
THHis.Bcirmft Odna— China vs. 
UibaUstnn. Davis Cup AskVOceanla zone, 
group 1, first round through Feb. 6 
Wednesday, Feb. 5 

Patenms SlcHy— European 
Super Cop, second leg Juventus vs. Parts 5t | 


aucearft Aflce. South Africa — Easfera • 
Cape InvttaltonXI vs.Z2robabvre ‘ 

cvcunq, Bessegev France — Etoile 
de Besieges Ituough Feb. 9 

AanuTOMAodrtd Spain— 
irWemoBono r meettug 

Thursday, Feb. 6 


Martino Hingis C2J, Svritrerisnd, det Ante 
Hffiw («, Germony, 6-1. 5-7, 6-ft Steffi Graf 
(1), Germany, det Brenda SduAtz -McCarthy 
m. Netheriands, 6-1, 7-5. 


Martina Hingis (2). Switzerland, walked 
over Steffi Graf ID, Germany. 



Ltadsay Davamtoa lift and Natasha 
Zvereva. Belarus (Z), Oef. G4gl Fernandez, 
llnltod States, and Marttea Hingis Swttzer- 
tand n 1,64, 6-3. 

r, Woffington New Zealand — 

Second Test New Zealand v». England, 
through Feb. 10 

onui jahannesbwg — men. South 

African Opera through Feh. ft Kaoyanga, 

Australia— Kaoyanga Open through fco. 9: 
La Jaita, CaRfondo— Lajona Invnarionai 

Friday, Feb. 7 


o, varta 

s— Davis Cup, 

Snc^PntteftNL CffitaWao’rAttwtaoMndridi 

Pmte St Gannatn 1, CBines 1 




Aumne 1, Nancy 0 



Lb Howe 0 MeffipeBer 0 

mutomoit Monaco 51; Paris » Germffin 

4&Bo3Sa 4ft AuxaRe 41, Bordeaux 41; Shafr 

btetag 4ft M«tz 3ft Nantes 38r MameBe 3* 

Gotagan^KB. Lyon 3 Z Rtetees 3ft Gmwes 

30. LBe 3ft Lens 2ft L» Havre 27; MOrtprthr 

26/ Caen 21? 19, Nawy Nice 18 

u md tag romran Sota doy. at tta woman's 

WHH Cite downhB to Lain, switzertand: 1. 

•orondsa Ota) Renata GoetschL Austria 

>. Un*. United stales. 
Kw,ne,i ”*/' 13532: 6. 
Req bw Hoeud. Germany, 125.71; 7. Kotho- 

Rfl0,no Cora 8™W- 

L, " 1I " U 8*»>tay at the women ' o 

through Fob. 9. Worid Group, ftrsl round; 
EunvAfriam nine group 1. Hrst rounrt 
Aroertcaa zone group 1. flrsr round; 

Askuooeanto rone group 1, iir» round: 

Group Z first raund- 
roi C M it India vs. Zimbabwe. 
Uanguka serins. IdayMghtj 
AnuncANtw York- Mlllrast- Games 

Saturday, Feb, b 

wnw iBb Parts— F ina worid Cup 

evenflbraugfi Feb. 9 

Sunday, Feb. 9 

, Benanl south Africa— Indta ■ 
w. Zbobabwe, titangutar series 
•**8710*. AStllMra. Portugal— IAAF ■ 
Warid Cross Oxfflenge 

play Pebble ’ 

“You don’t hit the ball in 
foe ocean.” he said. 

Woods wasn’t happy about 
the distractions caused by - 
fans taking pictures when tie 
was swinging. 

This is the only PGA Tour 
event that permits spectators , 
to use cameras. t 

“It's realty ridiculous 
when we're trying to play." 
Woods said. “People want to 
have that one shot. Unfortu- 
nately. it’s at our expense. 

"A lot of people are being 
inconsiderate. They fail to 
realize we are playing for a 
living out here/' (NYT. LAT) 

eForH * 

:t: » : 

l - - 


hiiif,. ; 

* A 



C. : X'7 |: 

... iuJ • ,, n 

! '>v, 


• T 


; "Tu-., 

M J 

'• '"•«» tils 
‘ ’-I'l'HN. 
I'!.! I Ilf 

• •nwiri 

• "" * »rivi- 

• .-la 

*’ l':iin 
' lltt* 

• • • .111 

MBA Missed Out on Serbian Star 

’ By Ian Thomsen 

WwfeMt HtraUTribme 

L EON, Spam ^ The NBA gor this 
ooe wrong. In two months with 
the Ptapand Tcail Blazers, 
Aleksandar prordjevic appeared in 

• t . 


•• ■ ■■'!. 

• -nthv 

.. fl " *-d-. 

... "-“I' i',.- 

»l \ 

' JH-I 

• “‘■•b m-: 


1 “ 1,1 III 

games in Spain for FC Barcelona and 
has won seven of them — seven — with 
shots in the last minute, sometimes the 
last seconds. / 

Djordjevic, a 2j*-year-old Serb, is fee 
wnrid’s best non/American mint at 

worid’s best non/American point ff»m i. 
On Saturday nigttt he was typically amaz- 
ing inBw^pnj'.s double-overtime, 1 1 5- 
. Vffi gainst Real Madrid in a 
qSirtrap&fftit the. King’s Cup, the mid- 
seas^ifettyiRl-of Spanish basketball. 
InfecJffitwo minutes of regulation 
scored six points and 
assiscco^raioaier basket before Madrid, 

■ rafak forced overthne on a 
rebound put-back by the 
!oe i Ariauckas. With nine 
■frf the first overtime period 
cooed to force a second ex- 

,&e last 100 seconds he 
saois&sK points, including the tie-break- 
ifljg'flrtpjwktfer with 22 seconds to go 
awyone in Spain knew be was 
and which no care in the 
.^arid^obafd have prevented. As the ball 
Stand be was s milin g 
I VjAjoerican coaches can damn Euro- 
r^Sn^^etball all they want, bat when 
rjyjcad^ic is dribbling away the last 
■ seco&ds with the understanding that a 
miss could give his meanest rivals a free 
shot to win one of the biggest games of 
fhe year, and then smiling before the shot 
readies job height — that’s the kind of 
- confidence that made the NBA famous. 

‘For my whole month in Barcelona, 
almost every game we have won like 
that," he said alter scoring imm than half 
of his 30 points in the last two of 

regulation and the overtimes. "Hope- 
fully now we’re going to start winning 
some games before the last seconds." 

Djordjevic tried out with the Boston 
Celtics in 1990, near the end of Larry 
Bird’s career. Less £h?n two years later, 
he again piqued NBA interest when he 
hit a sensational three-pointer in the 
final seconds to win the European 
Championship with Partizan Belgrade. 

"That felt so good, tike a (beam com- 
ing true," he said. “When I was aboy, I 
used to be in the stands with the scarf 
cheering for Partizan. This is the only 
European championship Partizan has 
woo and I was captain of the team, the 
leader. All of those years I was practicing 
by myself as a kid saying, 3 seconds left, 
2 seconds, 1; now, when I am grown op 
and it really matters, the ball goes in.” 

T HE SAME story has been told by 
countless NBA champions, mid it 
indicates that international bor- 
ders are irrelevant when a player like 
Djordjevic comes along. 

DairiJovic moved into Italian basketball 
as war broke out in Yugoslavia. 
Danilovic was clearly prep arin g himself 
to join the NBA and is now scoring 
consistently with the Miami Heat. 
Djordjevic, however, spumed several 
opportunities until last s umm er in At- 
lanta, when be kept Yugoslavia close for 
three-quarters of the Olympic final 
against the host-NBA Americans. "I 
was so fired up," Djordjevic said. 

Now, he wonders whether he should 
have tried to negotiate with the Atlanta 
Hawks and coach Lenny Wilkens, who 

was head coach of the Dream Team and 
expressed interest in Djordjevic. In- 
stead. Djordjevic accepted Portland's 
offer for the NBA minimum salary of 
$247,000. (Djordjevic’s contract with 
Barcelona is reportedly worth $33 mil- 
lion for two and a half seasons). 

Djordjevic understood that he would 
be Portland's back-up point guard, be- 
cause he believed he could do enough in 
15 minutes per game to eventually com- 
mand a starting position in the NBA. As 
it turned out, the Trail Blazers coach, 
P J. Carlesnno, branded him a defensive 
liability and limited Djordjevic’s NBA 
career to 61 minutes. 

"Obviously, the coach had a lot of 
problems," Djordjevic said. “He doesn’t 
communicate with the players. It's no t 
like figures cm a chessboard, where you 
move die pieces saying fee horse can do 
that, the queen, the king. 

“Now I’m feeling a little bit cheated. 
The people were so nice, but the coaches 
didn’t talk to me. You would think they 
would talk to the players, especially die 
guy who is the point guard, who comes 
from another culture. ’ 

Obviously, each NBA coach knows 
his team best. But it's just as obvious, 
watching Djordjevic this weekend and 
last summer in Atlanta, that he flour- 
ishes under pressures that would undo 
many NBA regulars. He said he is con- 
tent now to be one of those great players 
that Americans will never know. 

“There are a lot of players on the high 
level of Europe who can easily play in 
the NBA — easily,’’ he said. ‘Tm not 
underestimating the NBA level. I am 
saying that you can find players on the 
same level in Europe. They just have to 
go to the right NBA team at the right 
spot and the right age. Me, I am 29. X just 
want to play.” 

Wake Forest’s Duncan Takes Charge 

Deacons’ Dreams of Title Rest on Shoulders of Its Senior Star 

By Jennifer Frey 

j# Worituigion Post Service 

Tim Duncan has never lost to the 
same basketball team two times in a 
row. He won’t allow it, won’t tolerate it, 
won't accept it In his four years at Wake 
Forest, if the Demon Deacons lost to a 
team, they have always won the second 
time around. 

So when Maryland took Wake Forest 
apart with some brilliant basketball in 
the first half of Saturday's game, 
Duncan knew things had to change. He 
had aheady lost to Maryland this season 
— on a buzzer-beater Jan. 19. He was 
not going to let it happen again. 

“I think I was really aggressive in the 
secondfcalf, “Duncan said. “T had toget ' 
things cliddng. 1 knew it all started with 

These are die most important stat- 
istics from Saturday’s game: Duncan 
scored four points in die first half and 25 
A the second. That's one fewer point 
fficr ialftime than the entire Maryland 
team. Keith Booth scored 16 points in 
the first half and six with Duncan aH 
over him in the second — and none of 
those six points came in the last 12V4 
minntcs of the game. Result: Wake 
Forest won the rematch, 74-69. 

“Let’s just say, Tun takes things se- 
riously,” said Ricky Lowery, Duncan’s 
brother-in-law. "He doesn’t like any- 
one to get the best of him.” 

.There was something entirely dif- 
ferent about Duncan when he took die 
court after halftime with the Terrapins 
leading, 43-31. Duncan looked almost 
like a zombie in the first half. He looked 
like a man possessed in die second. 

In the first 41 6 minutes of the second 
half,- Duncan scored nine points and 
K^jryland's lead was cut to two. Two of 
tfcose poims came on a jaw-dropping 
spin. The Terrapins scored once — on 
two free throws by Booth — over that 

"Our team wasn’t playing very well 
— I wasn’t playing very well,’ ’ Duncan 
said: “I needed to help our team." 

No one mi Wake Rarest will dispute 
that the team’s 18-1 record, its No. 2 

national ranking and its national title 
hopes rest squarely on the shoulders of 
one player, although the players oc- 
casionally forget. There was a point in 
the second half, with Mary land uptwo 
are! about seven minutes left, when the 
Wake Forest coach, Dave Odom, was 
standing on the rideline pointing 
frantically at Duncan. On the post three 
Deacon possessions, Duncan had not 
touched the ball. Odom found that un- 
acceptable — actually, he found it 

"We have a plethora of offenses that 
go to him,’’ Odom said. "Pick ooe, 

On-thu next play, JDuncan made a 
turnaro und jum per in the lane. On die . 
nextTBS made a hock shot And on fee 
next, he stepped back and let Ricky 
Peral shoot a three-pointer. Suddenly, 
Wake Forest had its first lead since fee 
opening minutes of fee game. 

“AD I want,” Odom says, “is for os 
to explore our very best offense first” 

And that means Duncan. The Mary- 
land coach, Gary Williams, called 
Duncan perhaps the best college big 
man since Patrick Ewing. There is no 
question that the NBA would have loved 
to have him in last year's draft, after his 
junior season. He didn’t want to go. 
Odom said then that he thought Duncan, 
at 20, really didn't want to be spending 
his life wife a bunch of 30-year-old 
teammates living out of hotels. He 
wanted to be a kid one tome year. And 
his relatives say Odom summed up 
Duncan's decision to a T. 

"This is bis ‘lime time,'” said 
Lowery, who met his wife, Tim’s sister 
Cheryl, in Sl Croix, where both families 
lived. “That’s what we call it m SL 
Croix — ‘lime time.’ He’s just chilling. 
The rest will happen soon enough." 

Oddly enough, fee player who took 
Maryland apart in fee second half really 
did look like a big kid having fun in fee 
locker room later. 

Lone after he and all his teammates 
had finished dressing, Duncan sat on a 
corner bench, his head on his sister 
Tricda’s shoulder, whispering in her ear. 
There was no talk of the game, no talk of 

basketball. With Tim, there never is. 
Tricia speaks wife her "little" brother 
by phone regularly, and he never men- 
tions last night’s game or fee game 
coming up or anything like feat It’s not 
his entire life. Never has been. 

“We talk about Ms haircuts, I broke a 
nail, school,” said Tricia, who lives in 
Baltimore and works at Johns Hopkins 
University. “He never talks about the 
NBA, he never talks about any of it. I 
only see all feat in Mm when be’s on fee 
basketball court He’s really focused, 
really driven.” 

WeH/perhaps there is one mere place 
where Tim Duncan gets feat maniacal 
drive, that refusal to lose. It’s when he 
plays video games against his- 12-year- 
old nephew, Shane, son of Ride and 
Cheryl Lowery. Duncan acts as if he’s 
12, too, and refuses to let Shane win just 
because Shane is 12. 

"He’s a Mg kid, all right,” Lowery 
said, glancing over at Tim. “But, 
ooooofa, he knows when to take over, 
doesn’t he?” 

■ Kansas Holds Off Nebraska 

Kansas, unbeaten and ranked No. 1, 
survived a late-second miss in regu- 
lation, then Raef LaFrentz took over in 
overtime against unranked Nebraska, 
The Associated Press nsported. 

LaFrentz scored II of his 20 points in 
fee extra session. Kansas (22-0, 8-0 Big 
12) won its 40tb straight home game. 

Tied at 60, Nebraska (H-9, 3^Big 
12) held fee ball far most of the last 
minute for a final shot in regulation. But 
Tyronne Lue, who led fee Comhuskers 
with 26 points, missed a long 3-pointer 
just before the buzzer. 

No. 3 Kentucky 82. Qawgia 57 Geor- 
gia (15-5,4-4 Southeastern Conference) 
made its first seven shoes in taking a J 7- 
7 lead in fee first 514 minutes. Then 
Kentucky (20-2, 8-1) turned up fee de- 
fensive pressure and finished wife a 
comfortable victory. 

No. 13 Now Mexico 87, No. 4 Utah 71 

New Mexico (16-3, 5-2 Western Ath- 
letic Conference) dismantled one of fee 
nation’s top defenses to extend its win- 
ning streak at home to 22 games. 

Richter Shines in the Net, Saving the Rangers 

The NeW York Rangers were out- 
played for tong stretches by a younger, 
bigger; much more physical team and 
wereoocdKH^l to 17, but they still woo 
tyjTO goals. . . 

The Kmgers bad Mike Richter in the 
net. That; U just about all you need to 
know about their 4-2 victory over the 
#jyers in Philadelphia on Saturday, 
^^htm^-who made 39 saves, was 
nothing short of phenomenal, especially 

«KHt Bo«no«p _ 

The Rangers are basically a two-line 
team. The Flyers were t hrow ing three 
strong lines at them all afternoon. The 
game showed that the Rangers simply 
do not match up. 

Except in goal- And, fortunately for 
the Rangers, that is often the most im- 
portant matchup. 

Shades 2 , Avalanche i Kelly Hrudey 

— J nrm I in thfi fhrrrf nerind 

when, fee Rangers were outshot 16-3 in 
fee second period. Colin Campbell, fee 
Rangers^ coach, said the ice seemed 
4 ‘tilted” fe one side during feat period. 

Enc Linfeos was everywhere, scor- 
ing the gbhl feat gave fee Flyers a 2- 1 
lead, and menacing just about everyone 
•“J weiyfcirig in sight. 

S*iik .the : Rangers came out of fee 
second tied, 2-2. thanks to Alexander 
Karpavtsey’s power-play goal wife 21.1 
seconds left in fee period. 

But fee real thanks belonged to 

Saia-MBTK ivira*™, "7“ -~T- 
therie-H moirtn cr npal over Ron Hex tall, 
fe* FtyoB* goaltender. while rioting 
backward ar 2:54 in fee third penofl. 

• • ‘They were forecheddng tau d, ano 
'■5ey got us on our heels wife acoupw or 
Pfweriplays. They reatiy bad it 
But Richter way incredible. He “J 
mfec^inw when they really took itto us 
to fee second period.” 

ivn „ ¥ j , 

Division’s last-place San Jose edged 
first-place Colorado. 

Jeff Friesen scored fee game-winner 
68 seconds into the third period. His 
15 fe goal of fee season came off a 
scramble in front of fee Colorado net 
when he poked a loose puck past Patrick 
Roy, who lost to San Jose for fee first 
tune in his career. 

Belfour hurt his knee wife five 
minutes left in fee second period when 

he tried to deflect a shot by Rene Corbet 

feat hit fee left post. Belfour completed 
fee period but did not return. Hrudey 
stopped II shots in the third period. 

pM^BB84,coyotasl Mario Lenueux 
scored twice in Pittsburgh and Petr Ned- 

ved bad a goal and an assist to lead fee 
Penguins to victory over Phoenix. 

Patrick Lalime made 29 saves for the 
Penguins, who snapped a two-game 
home iosing streak. - 

IM yfipfl* 4, Mi— 1 Brendan Sha- 
nahan scored Ms 27* and 28th goals as 
visiting Detroit beat St- Louis in thefirst 
meeting between fee Central Division 

rivals mis season. .. 

The win was only fee second m seven 

games for the Red Wings, while the loss 
was just the second in eight games for 
foe Blues. . 

Brains a. Lightning o At Tampa Bay, I 
Ray Bourque had a goal and two assists 
to become Boston’s all-time points 
leader and Rob Tallas made 25 saves for 
in first career shutout. 

The goal gave Bourque 1340 points, 
breaking a tie wife John Bncyk. He has 
had goals in four straight games after 
scoring six times in his first 30 games. 

Capitals 3, PMitton i Peter Bondra 
had a goal and an "assist and Anson 
Carter sewed Ms first NHL £oal for 
Washington's victory in Miami. 

Senator* 2, Maple Lenfe 1 Shawn 
McEachero scored one minute Into die 
third period as Ottawa won an encounter 
between fee lowest-ranking teams in each 
conference. Tie Domi scored fee lone 
tally for Toronto, which has dropped four 
straight at home. 

Rum a, Canucks o Trevor Kidd 
made 31 saves for Ms third shutout of 
the season and Aaron Gavey scored a 
pair of power-play goals as Calgary beat 
visiting Vancouver. 

MncM i n wfc»3,Klng»2 Ulf Dahlen and 
Denis Savard each recorded a goal and 
an assist for the Blackhawks as Chicago 
won in the Los Angeles Forum. 

C— Iwif 4, Davfia a In Montreal, 
Steve Sullivan scored on a partial break- 
away wife 9:12 left mdte third period as 
New Jersey rallied for a tie. 

Dave Andreychuk scored twice for 
New - Jersey, which has tied thru 
straight games, (NYT r Reuters) 

MaiL IXhm 4 iTlir im^J |W 

The Heat’s Alonzo Mourning, left, being fouled by Mark West of the Cavaliers, who were held to 66 points. 

Clippers Hanging Tough, for a Change 

Carpikd bf Our SB# Fmm Oispatdta 

LOS ANGELES — For the last three 
seasons, the Los Angeles Clippers have 
been all but eliminated from the playoffs 
by the All-Star break. 

Not this year. 

The Clippers woo Saturday night for 
the fourth time in their last five games, 
beating the Golden State Warriors, 1 10- 

The Clippers hold a one-game lead 
over the warriors in fee race for the 
eighth and final Western Conference 
playoff berth and have won two of three 
games from Golden State this season. 

The Clippers shot a season-high 70.6 
percent in fee third quarter and led, 84- 
74, going into the fourth. Loy Vaught 
had 25 points and 13 rebounds and made 
11 of 17 shots as Los Angeles shot a 
season-high 60 percent for the game. 

Heat 71, Cawuiais 88 Alonzo Mourn- 
ing screed a modest 15 points to lead 
Miami to victory in Cleveland. 

The Cavs. who have been held to fee 
two lowest totals in franchise history in 
their last two games, have lost 10 of their 
last 1 3. They were held to 65 points last 
week against New York. 

The Heat, the Atlantic Division lead- 
ers. set a franchise record with their 21 st 
road victory of the season. 

Mavericks 100 , Jazz 87 In Dallas, 
Derek Harper had season highs of 29 

NBA Roundup 

points and 1 1 assists and Chris Gatling 
added 19 points and 12 rebounds as fee 
Mavericks rallied from an 11 -point de- 
ficit to snap Utah's five-game winning 

Pistons 90, Nats 75 Grant Hill scored 
22 points and had his fourth triple- 
double of the season as visiting Detroit 
extended its winning streak to five 
games. Hill added 1 1 rebounds and 1 1 
assists to give him the 15th trey of his 

career and fee second in as many 

Kings 113, Nuggstm 107 In Denver. 
Sacramento’s Mitch Richmond had 35 
points and a career-high 13 rebounds 
before fouling out. 

Kevin Gamble scored 23 points off die 
bench and a former Nugget. Mahmoud 
Abdul-Rauf, added 20 for the Kings. 

76ms 108, Bucks loo In Milwaukee, 
Don Mac Lean scored seven of his sea-, 
son-high 29 points in the final three 
minutes as Philadelphia beat the slump- 
ing Bucks. 

Rookie sensation Allen Iverson had 
23 points and a season-high 14 assists, 
and Jerry Stackhouse added 21 points 
for fee 76ejs, who have gone 3-3 since, 
ending a 13-game losing streak. 

iHmtnrs no, suns 86 Wait Williams 
scored 33 points as the Raptors cruised 
to victory over Phoenix. Wesley Person 
scored 23 points for the Suns, who fell to 
4-21 on the road. (Reuters. LAT) 

Luc Alpha nd will be 
World Champion: c 
champion, Patrick O 

3 - 6 February, LIVE, 

The World Championships, 

This week sees the men's 
DownhHI and Super G while the 
women tackle the Slalom and 
Giant Slalom 

6 February, PSV 
Eindhoven v Inter Milan 

Two of the giants of the European 
games meet in the Netherlands 

3-9 February, 

The Winter X-Games, 
Snow Mountain, USA 

The wcarkfs best extreme athletes 
meet in California tor the first ewr 
Winter X-Gamas 

4-9 February^ The World 
Championships, Slovakia 

Can Germany hold onto the 
Team title that they won in 

' ' . •■■tad 

B P ® ■ 


v m. 

P ' ^ ! v| Vv 

_y-n- • : i-V 



BASKETBALL Star the NBA Missed p. 1© CRICKET Lara Finds His Form p. 1 8 GOLF Couples Falls Short p. 1 8 

-7f I V IVTCRMni'ML^* « f 


PAGE 20 



World Roundup 

Goran Ivanisevic on his way 
to victory over Greg Rusedski. 

Injury Foils Graf 

tennis Steffi Graf pulled out 
of the “dream final'” of (he Pan 
Pacific indoor tournament in 
Tokyo Sunday because of an in- 
jured knee. 

Graf, the world’s No. 1, with- 
drew an hour before the start of her 
much-anticipated match a gains t 
Martina Hingis of Switzerland, 
the world No. 2. 

Graf said the injury, which she 
first suffered six months ago, 
flared up during her semi-final 
victory over Brenda Schultz-Mc- 
Carthy on Saturday. 

Officials said Graf* s injury was 
a “severely aggravated patella 
tendon at the bottom front of the 
left kneecap". 

It was Hingis's third straight 
title this year. (Reuters) 

• Top-seeded Goran Ivanisevic 
of Croatia beat Greg Rusedski of 
Britain 7-6 4-6, 7-6 (8-6) 

Sunday to win the $400,000 Croa- 
tian Indoors tournament an event 
he runs with two partners. 

In a battle of two powerful serv- 
ers. both players double faulted 
when they held match points — 
Ivanisevic at 6-5 in the tie-breaker 
and Rusedski at 7-6. (Reuters) 

Players Fear Umpires 

BASEBALL Players and umpires 
are scheduled to hold a so-called 
summit meeting with Major 
League Baseball officials Tues- 
day. but players are reluctant to 
attend for fear of retaliation by the 
umpires, people familiar with the 
planning of the meeting said. 

“Players feel there will be some 
kind of repercussions if they say 
anything in the meeting, so none of 
them want to attend,” said Jeny 
Crawford, president of the Um- 

S ires Association. Only one player, 
Irian McRae of the Cubs, has said 
he will definitely attend. (NYT) 

Swiss Disqualified 

BOBSLEIGH Switzerland 
the top three places in the 
four-man bobsleigh championship 
in St Moritz, Sunday but was then 
disqualified for using illegal equip- 
ment. (Reuters) 

South Africa Dominates 

cricket South Africa main- 
tained its 100 percent record in the 
triangular series with a six wicket 
victory over India in Port Eliza- 
beth Sunday. South Africa held 
India to 179 for nine wickeis and 
then reached the target with 4.5 
overs to go. (Reuters) 

World Record Falls 

athletics Morocco’s Hicham 
El Guerrouj set a 1.500 metres 
indoor world record of three 
minutes 31.18 seconds in Stuttgart 
on Sunday. Guerrouj broke the 
record of 3:34.16 set by Noured- 
dine Morceti in 1991. (Reuters) 

A Harsh Penalty 

soccer Turkish club Besiktas 
has applied to an Istanbul court for 
a referee to be jailed for three 
years for denying the club a cru- 
cial penalty in a goalless draw 
against lowly Vanspor. (Reuters) 

On Day of Comebacks, Sampdoria Shocks Milan 

OMpHed by QvrSi&F'rm Difvu+n 

Sampdoria climbed to second in the 
Italian Serie A with an unlikely 
comeback victory in Milan on Sunday. 

Sampdoria played with 10 men for 

most ofthe game, fell behind to two goals 
by George Weah and still won, 3-2. 

Roberto Mancini gave the Genoese 
team the lead in the first minute. But 
goalkeeper Fabrizio Ferron was sent off 

Soccer Roundup 

in the 22d minute and Weah scored 
twice to put AC Milan ahead. 

But late goals from the Yugoslav 
Sinisa Mihajlovic and the second-half 
substitute Marco Carparelli gave Samp- 
doria victory. 

Sampdoria’s last victory at Milan was 
in 1990, a year when they went on to 
take their only Italian title. 

Milan missed a host of chances. An 
error by former Sampdoria goalkeeper 
Angelo Pagotti, who miscontrolled a 
back pass, left Mancini with an open 
goal in the first minute. 

Ferron was shown the red card for 
hauling down Weah just outside the 
penalty area. 

Replacement Marteo Sereni could not 
stop Weah's 37th-minute equalizer, a 
firm shot from close range. 

It was the Liberian’s eighth goal of 
the season but his first in the league 
since last October. 

Weah put Milan in front in the 57th 
minute with a moment of brilliance. He 
picked the bail up 35 meters from goal 
and unleashed a ferocious shot into the 
top comer. 

Mihajlovic curled a free kick beyond 
Pagotto from wide on the right in the 
74th minute, and in the 79th minute 
Carparclli volleyed in after a miscued 
clearance by Alessandro Costacuna. 

In injury time Sa vice vie rounded 
Sereni and rolled his ball toward the 
empty net, but Oumar Dieng. whose only 
other march this season ended in a victory 
over Milan, cleared off the line. 

Juvenhis. the league leader, was also 
reduced to 10 men as it tied 0-0 at lowly 
Cagliari. Uruguayan defender Paolo 

Montero was sent off in the 34th minute 
for a violent tackle. 

Spain Real Madrid stretched their 
lead over Barcelona on Sunday after 
twice coining from behind to beat De- 
portivo Coruna, 3-2. 

Barcelona coach Bobby Robson was 
was summoned to meet club president 
Jose Luis Nunez after seeing his side 
throw away a 2-0 lead at home for the 
second time in (ess than a month in the 
2-2 draw with Oviedo. 

Juan Piazi had put Barcelona ahead 

» f" . \ j 

. r t - ! f J * - * ■ * 

• \ U'-' 11 ‘ 

ill' 11 ii.. : 

" ' 

shortly after coming on as substitute 

early in the second half, before Brazilian 
striker Ronaldo increased the lead with 
his 19th goal of the season. 

But Oviedo’s Oli Alvarez pulled one 
back in the 75th minute and scored the 
equaliser on the stroke of full time. 

Deportivo took an early lead over 
Real Madrid when with a goal by 
Brazilian Flavio Conceicao. 

Moments Italian defender Christian 
Panucci scored his first goal for Real. 

Deportivo regained the lead when 
Frenchman Corentin Martins blasted home 
a loose ball after Bodo Qlgner, Real's 
keeper, had pushed a shot onto the post. 

Again the lead lasted just a few mo- 
ments. Fernando Hienoo curl in the 
equalizer from a free-kick. 

Brazilian international Roberto Car- 
los set up the winner, crossing to Raul 
Gonzalez who passed back to Croat 
Davor Suker who scored. 

Real Sociedad took fourth ahead of 
Deportivo, beating Sevilla 3-2 after con- 
ceding two goals in the first six 


England Alan Shearer inspired the 
day’s most spectacular comeback. He 
sewed three goals in the last 14 minutes 
to give Newcastle United a 4-3 home 
victory over Leicester City in the Premier 

Robbie Elliot gave Newcastle the lead 
in die third minute, hi the second, half 
Leicester took control with goals by Matt 
Elliott, Steve Claridge and Emile Hes- 

Shearer cut the lead with a free kick in 
the 77th minute. Six minutes later he shot 
through a sea of legs to level the score. 

(hmlliinflirn.'nr V- « uinl IV- 

Scott Taylor, left, of Leicester City trying Sunday to hold back the Newcastle United star Fastino Aspriila. 

and two minutes into injury time he 
snatched his hat-trick and victory when 
he tucked away Lee Clarke’s cross. 

On Saturday, Eric Cantona gave 
champion Manchester United a hard- 
fought 2-1 victory over Southampton 
and kept it top of the premier league. 

Cantona slid in at the far post to meet a 
cross from Ryan Giggs just as the match 
appeared to be heading for a draw. 

Liverpool stayed second with a 1-0 

victory at Derby. Stan CoUymore score 
the inning goal in the 75th minute. 

FRANCE Ali Benarbia scored twice in 
less than four irrimites as 10-man 
Monaco twice came from behind to draw 
3-3 at Lyon on Sunday and stay seven 
points clear at the top of the league. 

Monaco captain Franck Dumas was 
sent off in the 55th minute with the score 
at 1-1. Six minutes later Christ ophe 
Cocard put Lyon ahead, racing in un- 

marked to crash in a shot from dose 
range. Bemabia equalized with a crisp 
volley in the 67th minute but. tw 
minutes later, Ludovic Giuiy put Lycti 
ahead again. Benarbia then equalized 
again with a deflected shol to end a b;< r • 
of four goals in 10 minutes. 

Bastia beat Strasbourg 3-1 at home to 
draw level with second-place Paris St. 
Germain which was held l-l by Cannes 
at the Parc des Princes on Saturday. 

glirjrlc 0|)rU 

». * 


Sestriere Gears Up for World Downhill Skiing 

By Christopher Clarey 

International Herald Tribune 

SESTRIERE. Italy — This pictur- 
esque corner of Piedmont has been a 
crossroads for a great deal longer than 
Alberto Tomba has been winning sla- 
lom races. Hannibal supposedly passed 
through this region with his elephants. 
Pepin the Short and his taller son Char- 
lemagne chose less exotic means of 
transport, as did another expansion- 
minded Frenchman: Napoleon. 

But not everybody with power and 
influence has glanced haughtily around 
and moved on, and that is the primary 
reason why Tomba, Luc Alphand. Katja 
Seizinger, Pemilla Wiberg and all the 
planet’s other top skiers with intact 
knees are gathered here for the 25th 
World Alpine Championships. 

The resort of Sestriere was founded 
on a rather lonely plateau in the 1930s 
by the Italian industrialist family, the 
Agnellis, owners of Fiat and accumu- 
lators of wealth. Sixty years later, the 
Agnellis remain deeply involved with 
the resort, and it is no coincidence that 
the scion of the family, Giovanni Al- 
berto, is the president of the cham- 
pionship's organizing committee. 

It is also no coincidence that Tomba, 
who personifies ski racing for Italians 
and much of die rest of the world, de- 
cided to postpone his retirement for at 
least one more year. The Agnellis were 
well aware that without Tomba this event 
would suffer and repeatedly made it 
worth his while to put his acting career on 
hold. Though Tomba is hardly assured of 
a gold medal in light of his current form, 
Sestriere was assured of being die center 
of attention in its sports-addicted, nation 
as soon as Tomba walked out carry ing 
the kalian flag for Sunday night’s open- 
ing ceremony (unlike Tomba. Prime 
Minister Romano Prodi was greeted with 
jeers and whistles). 

The success of these championships. 

Feud Lamhtrit/A^racs B mrh— 

Luc Alphand of France, the World Cup downhill leader, after s kiting the Super G course Sunday in Sestriere. 

which begin with the men’s Super G on 
Monday and end with the men's slalom 
on Feb. 15, is important for ski racing. In 

an increasingly crowded global sports 
marketplace, die World Cup circuit is 

hardly gaining ground outside its tra- 
ditional fief in Europe, and with the 
burgeoning popularity of snowboarding 
and other less conventional disciplines, 
classic alpine skiing is in danger of 
remaining a minor spectator sport 
everywhere except at the Olympics. 

The desire for new markets explains 
why the International Ski Federation 

awarded die last two world champion- 
ships to Morioka. Japan, in 1 993 and 

f AT 1_ d— 1 AAT 

Sierra Nevada, Spain, in 1995. But Mori- 

oka was plagued by weather problems, 
and Sierra Nevada had so tittle snow that 
the world championships had to be post- 
poned an entire year at an estimated cost 
of $1-2 million. When they were finally 
held last February, there was grumbling 
from skiers and coaches about the or- 
ganization and conditions. 

But with Sestriere, the World Cham- 
pionships return to skiing’s traditional 
base, and with the resort’s long history as 
a World Cup site there is reason for 
optimism. Snow conditions are excellent, 
and after six days of relatively clear skies, 
the slopes are in fine shape. They will be 
used day and night In December 1994, 
Sestriere became the first resort to hold a 

World Cup^race at right on a lighted 

course. Ail four slalom events are sched- 
uled to be held after dusk, including the 
slalom portions of die men's and wo- 
men’s combined events. 

That allows fra: better television ex- 
posure and allows die combined event to 
be held cm a single day for the first time in 
a major championship. Formerly, the 
combined downhill was often held sev- 
eral days before die combined slalom, 
making the event hard to follow. 

It is a good move. Now it is up to the 
Tombas. Alphands, WT bergs and 
Seizin gers to make their moves with one 
year remaining before die Winter 
Olympics in Nagano. 

Riegler Wins 
A 3d Slalom, 
Foiling Wiberg 

Reuter \ 

LAAX. Switzerland — Claudia 
Riegler of New Zealand claimed 
her third World Cup slalom victory 
of the season Sunday to keep 
Sweden's Pemilla Wiberg from 
clinching the slalom title. 

Riegler, winner of the first two 
slaloms of the season, returned lo 
the top of the podium after twisting 
her way down the sun-baihed Bar- 
guns course in a two- run combined 
time of 1 minute, 20.75 seconds. 

Lara Magoni skied the clay's 
fastest second run to claim second 
place in 1:20.82 

Wiberg, the winner of three sla- 
loms this season, would have 
clinched die slalom title if she hod 
come second but finished 0.0 1 
seconds behind Magoni and in a tie 
for third with Switzerland's Mar-, 
una Accola. r 

Wiberg, however, extended her 
lead in the overall standings. She 
has 1 ,425 points and a commanding 
480-point lead over her nearest 
rival, reigning champion Katja 
Seizinger of Germany. 

Seizinger was told by German 
team doctors not to race in the sla- 
lom after suffering a mild concus- 
sion in a fall in Saturday's down- 
hill. Doctors have ordered her to 
take three days’ rest 

Warwara Zelenskaja of Russia 
won Saturday's downhill race. The 
victory was her first of the season. 

For the second straight weekend. 
Switzerland’s Heidi Zurbriggen 
was forced to share her place on the 
podium. She tied for second with 
Austria’s Renate Goetschl. both 
skiers clocking 1 ;25.07. 


ill * 

I love 0-800-99-0011 

Every country has its own AT&T Access Number which 
makes calling from France and other countries really 
easy, just dial the AT&T Access Number for the country 
you’re calling from and you'll get the fastest, clearest 
connections. And be sure to charge your calls on your 
AT&T Calling Card. It'll help you avoid outrageous 
phone charges on your hotel bill and save you up to 60 %f 
So please check the list for AT&T Access Numbers. 

AT&T Access Numbers 

Steps w follow when caffiog 
intenutioosBy from overseas; 

1-Jus dial the AT&T Access Number 
for the country you are calling from 

2. Dud ihe phone number rou'it calling. 

3- Dial the calling card numbs Used 
store- your name. 


Austria »o 

.. 822-HQ-firt 

Belgium* . 







. .BMOO-1311 


. i-aoe-556-floo 


. 172-1011 

Hetbertamfe* .. 


Raufs •AtMmcavfr 

. . 755-5942 


. 900-99-00-11 





United Kingdom* 



Egypt* (Cal r«)» 

51 0-02 BO 



Saudi Arabia <• - . 

. . 1-880-10 





0-500- 10 

South Africa . . . 


Can'i Bod die Access Number for die country joa^r raffing [ran? Jus a$k ut») operas* for 
AWT Dfretf Soria, or rise our wa> sis sc ItapJtwvumxsmnrsftlcr 

in the springtime. 

*** ** ’tatog fte fl&T Suafat Faag. danai ogto cOtaa fan manta *1* wttt premia tcgyral fe ewer Hi antainn cjfc lu Hu US □e^WtdoRcauncrndBncrB&K 'CompmiDaMo 

oAiKif Ffcn. 1 S ta*4 as d* atm? pu at cafes* lm OB on t* Ki horn all comma tad Am *Pi*lie pliaisrtaiflff onlfnr.fal irot *Mirn*bew4^to«^oe