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Herald 


INTERNATIONAL 



PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 


- The World’s Daily Newspaper 


Paris, Friday, May 16, 1997 



So 9 Is a Bigger NATO Really a Good Idea? 


By R.W. Apple Jr. 

New York Tunes Service 


KJ J tS N T 1116 < ^ cls,on to extend mem- 
bershqj m NATO to former Soviet-bloc countries in 
Central Europe, which Russia now has explicitly if 
grudgingly accepted, is almost certainly the most 
significant United States foreign-policy initiative 
smce the end of the Cold War. It represents a 
redrawing of the world security map as basic as 
Washington s decision in the early 1970s to rec- 
ognize Communist China. 

Yet it was made, early in 1995. in characteristic 
Clinton administration style, without a formal policy 
review, without a structured evaluation of competing 


viewpoints, without political debate and over the 
initial objections of senior military officers. 

With both President Bill Clinton and his Re- 
publican rival in last year’s election, former Senator 
Bob Dole of Kansas, committed to expanding the 

NEWS ANALYSIS 

North Atlantic Treaty Organization, the subject had 
little role in that presidential campaign. 

Thus, the question is only now being posed: Will 
this momentous decision enhance and enlarge the 
democratic Europe that has been built in the half- 
century since World War II. or will it draw a 
new scar-like line across the Continent and 


hinder rapprochement of Russia with die West? 

The Russia-NATO agreement reached Wednesday 
vindicates the insistence of Mr. Clinton’s admin- 
istration that it could reach an accommodation of sons 
with the Russians. Bui the jury may be out for years on 
what the accommodation wul cost in obliging Mos- 
cow to accept an arrangement it clearly detests. 

The decision to expand NATO is scheduled for final 
approval at the alliance ’s summit meeting in Madrid in 
early July. The Czech Republic. Hungary and Poland, 
which have evolved most rapidly from totalitarianism 
toward democracy and market economies, are ex- 
pected to be voted in this summer. Romania, Slovakia 

See NATO, Page 6 


i 


Bonn Scrambles 


To Save Its Budget 

With Monetary Union at Stake , 
Accounting Switch Is Weighed 


By John 
ia Alan 


and Alan Friedman 

Intemaiiona I Herald Tribune 


Rebels Push 
To Kinshasa 
As Mobutu 
Allies Flee 

Government Troops 
Said to Panic in Face 
Of Kabila ’s Forces 

By Howard W. French 

New York Tima Sendee 

7 KINSHASA, Zaire — With govern- 
ment troops fleeing their defensive po- 
sitions, Zaire’srebel army pushed to this 
capital’s edge on Thursday night, set- 
ting off a panic among allies of Pres- 
ident Mobutu Sese Seko who raced to 
get out of the country before being cap- 
tured or caught up in a widely feared 
bout of pillaging by soldiers. 

The rush to get out of Kinshasa came 
as Marshal Mobutu made good on his 
vow to return home one day after the 
collapse of peace talks in neighboring 
Congo. With rebels pressing in on his 
■ capital. Marshal Mobutu’s defiant re- 
turn unleashed a wave of despair among 
his associates that the last chance for a 
peaceful settlement to Zaire’s seven- 
month war had been lost 
“We are in a stare of advanced dis- 
integration right now,” said a Western 
regional military analyst “The gov- 
ernment troops are abandoning their 
vehicles and equipment as the rebels 
approach, and I expect the rebels will be 
arriving in force at the Nsele by tonight. 
You might even see a few truckloads of 
them pour into the airport.” The Nsele 
River is about 20 kilometers east of 
Kinshasa’s international airport. 

By tmdmoming, with Marshal 
Mobutu’s return confirmed, several of 
the Zairian Army’s top officers and the 
families of many senior officials and 
business associates of Marshal Mobutu 
. were seen crossing the Congo River to 
■ 1 Brazzaville, capital of Congo. Word of a 
7 strike by Zairian river port authorities 
' and a late afternoon decision by Congo 
to close its border with Zaire only in- 
tensified the panic. 

“ l lf I have to open fire on someone to 
board the boat. I will,” said a senior 
Zairian security agent who snuggled to 
embark along with his family on the 
Brazzaville ferry. “This is no time to 
fuss over immigration checks.” 

With tension rising in the city, as sto- 
ries of an imminent rebel arrival spread 
among die populace by late afternoon, 
the government’s radio and television 
broadcasting headquarters were aban- 
doned by soldiers and workers. 

At almost the same tune, reports began 
reaching Kinshasa of looting by soldiers 
and residents in the nearby Congo River 
town of Maluku, which is on a secondary 
rebel approach route to the capital from 
die northeast Residents of the area near 
the international airport including sol- 
diers and their families, meanwhile, were 
seen packing up their belongings and 
fleeing toward die city center. 

Laurent Kabila, the rebel leader, flew 
to Cape Town on Thursday, where he 
met with President Nelson Mandela in a 
last-ditch effort to arrange a peaceful 
„. handover of power from Marshal 

' See ZAIRE, Page 7 



Page 13. 


Pace 22. 

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Algerians Mourn the Nighttime Massacre of 30 Villagers 



... _ . _ AfCacc ftmcoPrar 

Algerians mourning relatives massacred early Thursday in a village south of Algiers, where of the 30 people 
killed, 17 wore children. Security forces indicated that the attackers were Muslim extremists. Page 6. 


French Flirt With Economic Taboos 

Leading Politicians Dare to Praise American- Style Capitalism 


FRANKFURT — The government, 
scrambling to plug widening boles in its 
budget that could disqualify Germany 
from monetary union, is considering the 
use of a bookkeeping maneuver to come 
up with extra cash. German officials 
said Thursday. 

The move would create an unexpec- 
ted source of revenue by increasing the 
value of the nation’s gold reserves, thus 
freeing up cash for spending in other 
areas, they said. Chancellor Helmut 


By Roger Cohen 

New York Tunes Senice 


PARIS — When die Gaullist president 
of the National Assembly, a man pre- 
viously known for his caustic views on 
American capitalism, enters die electoral 
fray by praising die way a free-maricet 
economy “rewards those who dare, 
those who take risks,” it seems safe to 
say that something is stirring in France. 

When the president of the French Sen- 
ate, and a man with the ear of President 
Jacques Chirac, suggests that it is time to 
aboush the minimum wage and move 
faster on market reforms, it even appears 
that real change may be at hand. 


. At the very least, these recent state- 
ments by Philippe Seguin and Rene 
Monoiy suggest that the central issue in 
a lackluster campaign for French par- 
liamentary elections is now being set 

NEWS' ANALYSIS 

out more clearly: How much of the 
market-driven American and British 
models of economic growth does a de- 
pressed France want to adopt? 

The right, long tom between eco- 
nomic liberty and Gaullist fraternity, has 
finally opted for the former, praising, 
with a growing if still prudent openness, 
the merits of privatizations, reduced tax- 


ation, a shareholding culture and de- 
regulation. These changes would prob- 
ably ease France's planned adoption of a 
single European currency. But because 
such ideas smack of what the french 
pejoratively call “Anglo-Saxon” eco- 
nomic models, their overt adoption has 
been a painful and wrenching process. 

On the other side. Lionel Jospin’s 
Socialist Party, unready for a Blair-like 
embrace of die market, has opted for a 
defense of the state’s central role in the 
economy and attacks on those favoring 
“the path of harsh capitalism.” 

Such a debate may seem outdated. 

See FRANCE, Page 6 


ners, the Free Democratic Party, that it 
will not agree to any new tax increases. 

The severity of the government’s fis- 
cal situation was laid bare when a gov- 
ernment commission reported Thursday 
char 1997 tax revenues were projected to 
fafl 18 billion Deutsche marks ($10.55 
billion) short of forecasts. 

The possible use of the nation's gold 
reserves to help balance the books ap- 
peared to leave Germany open to ac- 
cusations of fiscal trickery, die very crit- 
icism that German officials have leveled 
in scolding terms at Italy and France. 

Indeed, when reports of Mr. Waigel’s 
proposed accounting maneuver leaked 
out on Thursday, it was Italy that issued 
a warning. Foreign Minister Lamberto 
Dini expressed strong disapproval for 
the idea of such a German plan. 

“I would be very surprised if the 
German government were to have re- 
course to accounting gimmicks such as 
the use of asset sales or a revaluation in 
order to meet a revenue shortfall for 
1997, because this would open up a 
wider gap than expected in 1998, thus 
making precarious the respect and sus- 
tainability of the stability pact,” Mr. 
Dini said in an interview Thursday. 

“By doing this, Germany could put in 
jeopardy the healthy functioning of Euro- 
pean monetary union,” he saicL 

The deepening budget shortfall has 
forced the government of Mr. Kohl into 
crisis deliberations over another round 
of welfare cuts or tax increases needed to 
bring the deficit into line with the bench- 
marks required to launch the single 
European currency on time in ■ 1999. 
Countries are supposed to cut their an- 
nua] deficits to 3.0 percent of gross 
domestic product to qualify. 

Finance Minister Theo Waigel flew 
to Frankfurt unexpectedly Thursday to 
attend a meeting of the German central 
bank's governing board, where be said 
be presented plans to revalue Germany's 
gold reserves, which rank among the 
largest in the world. Mr. Waigel denied, 
however, a report in the newspaper Han- 
delsblat of plans to sell gold reserves. 

The accounting move would increase 
the gold's relatively low book value and 
bring it in line with the price it would 
fetch in world markets. That could gen- 
erate a one-time book profit of as much as 
43 billion DM, which could be disbursed 
to the government through the Bundes- 
bank's annual profit Under such a plan, 
none of Germany's gold would be sold. 

Under die Maastricht treaty, profits 
from the revaluation would not directly 


help Bonn meet tbe critical deficit 
benchmark to launch a single currency. 
But government sources said Mr. 
Waigel hoped to apply tbe funds from 
die revaluation to b ankr oll spiraling un- 
employment benefits and possibly to 
avoid tax increases, deep welfare cuts or 
other unpopular measures forced on it 
by the single-currency spending con- 
straints. It would also avoid a split in the 
coalition as die Free Democratic Party, 
the anti-tax junior coalition partner, has 
refused to approve any tax increases. 

Book profits from gold reserves also 
can be used ro retire debt and help 
Germany meet a separate Maastricht 

See GERMANY, Page 6 


Beijing Allies 
Would Invest 
Hong Kong’s 
Cosh in China 


By Philip Segal 

Special to the Herald Tribune 

HONG KONG — Despite the iron- 
clad promise that Hong Kong’s huge 
trove of public money will be left intact 
after this British colony reverts to 
Chinese sovereignty July 1 . three prom- 
inent legislators, two of them Beijing- 
backed. are suggesting that the terri- 
tory’s funds could be put to use helping 
develop southern China. 

One of them. Rita Fan, the head of the 
incoming provisional legislature ap- 
pointed by China, said that it was m 
Hong Kong's own interest to help bring 
neighboring Guangdong Province up to 
the territory's standard of living. Oth- 
erwise, she said, Hong Kong might 
prove an irresistible magnet for several 
million mainlanders. 

Another supporter of the plan, Henry 
Tang, who will be a cabinet member in 
the Beijing-appointed Hong Kong gov- 
ernment of the chief executive-in-wait- 
ing, Tung Chee-hwa. says the business 
figures he has approached approve of it 

That is hardly surprising, given dial 
real estate developers would stand to 
make money from developing cheap 
Chinese land. But in addition, if they 
were once of two minds about tbe tran- 
sition to Chinese rule, members of Hong 
Kong's business elite — at least in public 
— are now firmly behind closer business 
and political links with the mainland. 
Many of the most powerful tycoons here 
have served oo Beijing-appointed bod- 
ies overseeing tbe transition and are al- 
most completely absent from the move- 
ment that has opposed plans to scrap 
Hong Kong’s elected legislature and to 
clamp down on civil rights. 

See HONG KONG, Page 6 


Japan’s High-Tech Toilets Can Put Foreigners on the Hot Seat 


By Mary Jordan 
and Kevin Sullivan 

Washington Past Service 


TOKYO — An American diplomat was at a dinner party 
in a Japanese home when he excused himself to go to the 
bathroom. He did his business, stood up and realized he had 
no idea how to flush the toilet. 

The diplomat spoke Japanese, but he was still baffled by 
the colorml array of buttons on the complicated keypad on 
the toilet. So be just started pushing. 

He hit the noisemaker button that makes a flushing sound 
to mask any noise you might be making. He hit the button 
that starts the blow-dryer for your bottom. Then he hit the 
bidet button and watched helplessly as a little plastic arm, 
sort of a squirt gun shaped like a toothbrush, appeared from 
the back of the bowl and began shooting a stream of warm 
water across the room and onto the mirror. 

That is how one of America's promising young Foreign 


Service officers ended up frantically wiping down a Jap- 
anese bathroom with a wad of toilet paper. 

“It was one of my most embarrassing experiences in 
Japan.” said the diplomat, who is posted to the LT.S. Em- 
bassy and who asked not to be identified. 

Forget that you need to know three alphabets to read a 
Japanese newspaper. Forget that the new fashion craze in 
Tokyo this spring is women gluing their bras in place. Forget 
horse sushi. The most puzzling thing for many foreigners 
here is Japanese toilets. 

Just as many foreigners had finally mastered the tra- 
ditional Japanese “squatter” with no seat, they are being 
confused anew by the latest generation of Japanese toilets — 
high-tech sit-down models with a control panel that looks 
like tbe cockpit of a plane. 

Japan is the world leader in high-tech toilets. Its biggest 
toilet company, Toto. is working on a home model that will 

See FLUSH, Page 6 



-J 










S7.il 

m 





Hirhm-1 Kririnpiim/Thf |W| 

A digital control panel for the features of the Toto automatic toilet. 


Space Race Becomes a Joint Venture 


By Richard C. Paddock 

Lm Angeles Times 

STAR CITY, Russia — Five y ears of 
capitalism have created a new face for 
Russia’s space program, and it is start- 
ing to look a lot like its longtime rival, 
corporate America. . 

At once-secret Soviet facilities, Rus- 
sian and American engineers now work 
together to design and build space 
vehicles. Such U.S. companies as Lock- 
heed Martin Corp. and Hughes Elec- 
tronics Corp. collaborate with Russia on 
commercial-satellite launches. Astro- 
nauts and cosmonauts train side by side 
for joint missions in space. 

At the factor}’ where Russian space- 
craft are built, a huge new Proton rocket 
bears the freshly painted logo of the 


. company it will serve: Motorola Inc. 

At Mission Control, Russian scient- 
ists work with Boeing Co. on a plan to 
launch rockets from an oceangoing plat- 
form that will be based in Long Beach, 
California; and in a deal with Microsoft 
Corp.’s chairman. Bill Gates, satellites 
to expand access to the Internet will be 
t in orbit by Russian intercontinental 
Jlistic missiles. 

What was once a space race has be- 
come a joint venture. 

“International cooperation is the next 
step in exploring space,” said Pavel 
Vinogradov, a cosmonaut and rocket 
engineer training for his first trip into 
space. “We are joining efforts and get- 
ting new expertise and experience that 
we could not get separately.” 

During the Cold War, the space in- 


dustry was one of the favored sectors of 
the Soviet economy, with vast resources . 
at its disposaL The Soviet Union’s ac- 
complishments — including putting the 
first human in orbit — created a sense of . 
national pride and bolstered tbe Com- 
munist nation's image as a super- 
power. i • 

But Russia’s transition to a market 
economy has reduced the space pro- 
gram to less than 30 percent ofits former 
size and left scientists .scrambling to 
find ways to pay for their projects. 
Today, it doesn't take a rocket scientist 
to see that the survival of the Russian 
space program hinges on its newfound 
partnership with the United States. 

Although critics in both countries 

See SPACE, Page 7 


AGENDA 


U.S. Military Plan Draws Criticism 

A Pentagon report detailing the shape " 

and posture of the military for the 2 1st 
century is drawing fire from Capital HU] 
and analysts for not calling for more 
drastic changes in die size ana mission of- 
the armed services. 

The report is expected to recommend 
thar troop levels in Europe and in Asia 
remain steady at 100.000. Page 3. 


The Dollar 


Nmt York TlMKtty q 4 PJM. pnwlwi dow 


DM 


1.6975 


1.6048 


Pound 


1.6427 


1.8465 


Yen 


1 16.075 


117,28 


FF 


5.7185 


5.707 


THE AMERICAS Pmg* 3 . 

dir Force Fears Spectacle of Sin 

ASUURA&FIC Page 4. 

Seoul Zeroes In on Kim's Son 


The Dow 


'ftMVfcydoM (xBvfcuscfow 


447.19 


dung. 


7333.35 


S&P 500 


7286.16 


45.82 


Ttwflay O 4 P-W, ewta acbM 

84187 836.05 







PAGE TWO 


Challenging Taboos / Radical Film an Kurdish Rebellion Kurds Clash 

— As Turks Hit 

A Daring Ray of Light on a Dark War in Eastern Turkey ]\ ort h ern h-aq * 


D 


By Stephen Kinzer 

New York Times Service 


IYARB AKLR, Turkey — On the mean 
streets of this crowded, depressed 


[BULGARIA] 


Kurdish city, the war that insurgent 
guerrillas are waging against the Tu-k- 


* ^ guerrillas are waging against the Turk- 
ish Army is the great unspoken topic. 

Most of the people in Diyarbakir are Kurdish 
refugees who fled their ancestral villages, bur 
few will talk about the circumstances that forced 
diem to leave. 

Those who hold political views favorable to 
Kurdish nationalism remain silent. Although 
death squads no longer hunt down perceived 
enemies of the state and military patrols have 
thinned out in recent months, police agents are 
everywhere and free discussion is a dangerous 
luxury. 

In this environment, what is happening at a 
local cinema is almost beyond belief: A film is 
playing that seeks to give voice to secrets hidden 

incirte many Kur dish hearts. 

The film, “Let There Be Light,” is in many 
ways a radical experiment It pushes Turkey's 
restrictions on free expression to their outer 
limit challenging taboos in place for decades. 

Until only a few years ago, it was considered 
bad form even to mention the word Kurd in 
public, as if silence might erase die fact that 
about one-fotuth of Turkey’s citizens are of 
Kurdish descent To this day there are strict 
rules, some written and others simply under- 
stood, about how the Kurds’ plight may be 
portrayed in public. 

The conflict that has shaken this southeastern 
region of Turkey for 13 years is often called a 
“situation,” and rebel guerrillas are normally 
referred to as terrorists. Placing the insurgent 
Kurdistan Workers Party on the same moral 
level as the army, or suggesting that both forces 


are made up of idealists with valid F” Romania 
political arguments, is strongly dis- >— — 

, BULGAR 

Let There Be Light defies these 
conventions and the laws in which ~ r ^-V 
they are codified. It is the first film to 
do so, and the fact that it has been 
released in Turkey and shown more or 
less freely suggests that the govern- 
merit, wtuch has been strongly crit- ■<-■/’* • .*• 
idzed for restricting free speech, may l .. >v 
be turning more tolerant. sSffiR 

The film follows a rebel squad as it y : 
is chased through brutally cold moun- 
tains by an army patrol. Most of the 
fighters on both sides are killed in an avalanche, 
leaving only one soldier to pursue one guerrilla, 
who is burdened by having to carry a wounded 
comrade. In severe! encounters, the two have 
conversations that frame the conflict more 
frankly than has ever been done on film here.. 

“These traitors want to divide the country,” 
the soldier asserts. “Their excuse is to claim that 


- GEORGIA < 


Ankara • Uu 
TURKEY 


region 




IRAN ^ 

SYRIA J IOAn 


their rights are supposedly denied. Should we 
just sit by and watch?” 


just sit by and watch?” 

“What have you done for the Kurds?” the 
guerrilla demands. “It’s you that are to blame, 
you and your years of oppression.” 

By daring to portray the two sides equally, the 
makers of “Let There Be Light" have caused a 
sensation in Diyarbakir and many other Turkish 
cities. 

The National Security Court, which enforces 
laws against separatist propaganda, summoned 
die producer ana director but decided not to press 
charges against them. 

Evidently, the filmmakers correctly calcu- 
lated just how far they could go, presenting the 
Kurdish case with new boldness but never in- 
sulting or demeaning the military. 

Even so, cinema owners in several cities with 


large Kurdish populations refused to show the 
film, apparently under pressure from the military 
authorities. In theaters where the film has played, 
particularly in the southeast where most Kurds 
live, screenings have been punctuated by gasps, 
tears and applause. In Diyarbakir, the largest city 
in the southeast, the police at first harassed 
filmgoers but now allow showings to proceed 
freely. 


T HE PROPRIETOR of a caftS near the 
theater, who like many people in Di- 
yarbakir was unwilling to give his name 
to a stranger, said the film had been a 
major topic of discussion at his tables. 

“It was completely new to see this conflict 
portrayed as having two legitimate sides,” he 
said.' 

“There’s a lot more to be told, but this is the 
first film that gives any idea of what’s really 
happening in this region. We didn't expect ever 
to see something like this.” 

A university student said he especially liked 
the final scene, in which the two protagonists, 
trapped under fire in an abandoned village, run 
outside in an effort to stop the shooting and save 


a small child they have found among the vil- 
lage’s ruins. 

• ‘In that scene you see human beings trying to 
protect life id an atmosphere full of violence,’ 
he said. “That’s exactly the challenge we face 
living here.” .. __ . 

The director of the film, Reis Celik. 35, a 
passionate believer in political cinema. “Let 
There Be Light” is his first feature after several 
documentaries, and it was chosen for showing at 
the recent Istanbul Film Festival. 

In a conversation after the festival, Mr. Celik 
said the example of dozens of intellectuals and 
politicians jailed for their views on Kurdish 
nationalism had intimidated many of the people 
he warned to recruit for his project The army 
also indignantly turned down his request for 
permits and other cooperation. 

He said: “When we sent them the script, their 
answer was: ‘How do you have the audacity to 
make a film like this when we’re fighting a war? 
Forget the idea immediately.’ But we were 
already in the mountains, and we went ahead. 
Basically we made die film illegally. Some of- 
ficials and even a couple of local military of- 
ficers looked the other way. bur we never got any 
of the permits we were supposed to have.” 

Most reviews have been cautiously positive. 
One went so far as to call the Kurdish conflict “a 
gaping wound that has been borne in virtual 
silence” and praised the film as “a brave en- 
deavor to break the silence. ‘ ’ 

But the Istanbul daily Democrasi, which is 
hated by many officials for its pro-Kurdish 
stand, dismissed it as a tepid failure that in effect 
takes the side of the army. 

“The guerrillas are shown as being rough and 
messy, while die soldiers are polite and hand- 
some." the newspaper said. "One still wishes 
for a film about this issue that is so good and 
truthful that it would be banned or burned.” 


C&ryvted bj Our Serf From Dttpaxha 

ANKARA — Iraqi Kurdish fighters 
and Turkish Kurd separatists were 
locked in heavy fighting in northern 
Iraq, while Turkish warplanes and ar- 
tillery were pounding separatist bases, 
the Turkish military said Thursday. 

The fighting marked the second day 
of an incursion by 10,000 Turkish - 
troops into northern Iraq in an effort to 
stop the separatists’ cross-border raids. - 
It is the biggest Turkish operation in. 
Iraq in two years. 

A senior Turkish military official said 
that the army’s role was to provide; 
“firepower and logistical support” for . 
the Iraqi Kurds of the Kurdistan Demo- 
cratic Party in their battle against die 
Turkish Kurd separatists of the Kurdish 
Workers Party. 

He said casualty figures from (he 
fighting were not yet available. But the 
semiofficial Anatolian News Agency* 
said that more than 30 Turkish Kurrl^i 
fighters had died since Wednesday.- 

There was no immediate word of 
casualties on the Turkish side.- - 

Turkish F-4 fighters bombed Kurdish' 
Workers Party camps in Iraq early 
Thursday, while attack helicopters con- 
tinued an assault on rebel units. 

Anatolian said Turkish trows had 
inflicted their first casualties in fighting 
around what it called the Sarisavaklar 
region, across the border from the Turk- 
ish province of Simak. 

Kurdistan Democratic Party guerril- 
las were involved in fierce clashes with _ 
Kurdish Workers Party rebels in the 
Begova and Deikar areas northeast of *. 
Zakho. Anatolian said. (AFP, Reuters) 


Ron ie ys. Illegal Parking 

Many Residents Fight Back as City Tries 
To Bring Some Order to Chaotic Streets 


By Celestine Bohlen 

New York Tones Service 


ROME — One evening this spring, 
without warning, an army of giant pot- 
ted palms was moved into strategic 
positions around Trastevere, the old 
neighborhood across the Tiber of nar- 
row streets, artisan workshops, bou- 
tiques. restaurants and until now some 
oi the most imaginative parking, in 
Rome. 

The potted palms, embedded in 3- 
foot-wide cement vases, were added 
not to decorate the freshly painted 
parking spaces, but to block traffic on 
certain streets. 

It was City Hall ’s opening shot in the 
battle of the “Blue Zone," a desig- 
nation that means a neighborhood has 
been selected to begin paid parking. 
And since most Romans feel strongly 
that they have a right to park anywhere 
at any time for free, the palms and the 
crews wielding cans of blue jtainl, 
marking off areas where nonresident 
motorists must pay to park, are a cause 
for war. 

Neighborhood residents banded to- 
gether in the middle of the night and 
moved the offending palms out of the 
way — “a very Roman solution,” as 
one taxi driver noted. 

“It began with the vases,” said En- 
nio Venti, whose fish shop is on a street 
that is now closed to vehicles. “ Sud- 
denly we found ourselves closed in. 
That is when the revolt began.” 

Now Trastevere finds itself divided 
in two. Twice in the past week, stores, 
restaurants, workshops and bars have 
been shut down in protest as their pro- 
prietors argue that parking and traffic 
restrictions are going to kill their busi- 
nesses. 

Residents who yearn for unclogged 
streets and quiet nights gathered for a 
counter-rally at a neighborhood play- 
ground, urging the city to go ahead 
with its plans for a “Blue Tras- 
tevere.” 

“The people who live in Trastevere 
want a certain amount of discipline 
because cars are destroying the whole 
area,” said Giuliana Bonacci, a pho- 
tographer who has lived in the neigh- 
borhood for 30 years. 

“You can’t breathe anymore,” Mrs. 
Bonacci said. “Mothers with young 
children have no place to play any- 
more. Cars have taken over the area. It 
is complete anarchy, and only restaur- 
ants and bars benefit from it.” 

Like other ancient cities, Rome is ill- 
suited for automobiles and has 
struggled to find ways to limit traffic 
without upsetting its citizenry. The 
city's historic center has been closed to 


all but local traffic for years. Some of 
the city’s most famous streets are 
closed to all motor vehicles except 
taxis and motor scooters. 

But as the blue zone concept moves 
into more residential areas, the resis- 
tance has become fiercer. 

. In the last few months, Rome's may- 
or, Francesco Rutelli, elected four 
years ago as the candidate of the en- 
vironmentalist Green Party, has 
pressed ahead with a series of improve- 
ments to mass transit, new restrictions 
on parking, anti-smog measures and 
other environmental programs. 

But with much of the city now dug 
up or closed off, Romans are in an 
unforgiving mood. 

“There is too much chaos around, 
too many inconveniences,” said Mrs. 
Bonacci, who supported Mr. Rutelli in 
1993. 

“I used to live in London, where 
they did things a little at a time,” she 
said. “Here from one moment to the 
next, you find that a street that has 
always been two ways has suddenly 
become one way." 

Under the city’s current plan, only 



TRAVEL UPDATE 


French Strike Widens 


PARIS (Reuters) — Striking train 
controllers disrupted French rail ser- 
vices for a second day Thursday, while- A' 
pilots at the state-owned Air France and • 
Air France Europe voted to walk out for 
four days starting Tuesday. 

Labor unions were threatening to ex- - 

tend die strike into the weekend, said 
SNCF, the state-run railroad authority. 

Separately, six pilots' unions at Air 
France and an affiliate. Air France 
Europe, announced their intention to re- 
sume a strike begun last month. 


Ur-j tt'im-lliiTW* IiniTIm*- 

A parking attendant in the Trastevere district He may be put out of a job by blocked streets and parking meters. 


USAirways 5 Close Call 

WASHINGTON fWP) — A taxiing 
Lear jet of the Federal Aviation Ad- 
ministration came within' 100 feel. (30 
meters) of a USAirways commuter 
plane taking off from National Airport, 
officials said Wednesday. The USAir- 
ways 37-passenger plane, cleared to 
take off, had just become airborne when 
the small jet operated by the agency 
taxied onto the runway in front of it. 


residents are entitled to the special per- 
mits that allow them to park for free in 
Trastevere. Everyone else will have to 
pay the equivalent'of $1.20 an hour for 
a parking space. 


Fabio Zeciri, a waiter at a local res- 
taurant, anticipated the coming of the 
Blue Zone, and moved his family to 
Trastevere a few months ago so he 
could walk to work. 


“It is cheaper.” Mr. Zeciri said, 
“than spending 30,000 lire a day on 
parking, ' ' a sum equal to about S 1 8.50. 
“You can ’t do that if you are the bread- 
winner of a family.” 


Piles of uncollected garbage in 
Athens rose higher Thursday, the fourth 
day of a strike by trash collectors de- 
manding employment changes. (AP) 


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U.S. Airlines Start 5-Year Plan 
To End Fire Risk in Cargo Bays 


WEATHER 


Europe 


Forecast for Saturday through Monday, as provided by AccuWeather. 


By Frank Swoboda 
and Don Phillips 

Washington Post Service 


WASHINGTON — The major U.S. 
airlines have announced that they will 
begin installing fire-suppression sys- 
tems in cargo holds of all commercial 
airliners, but they say it will take at least 
five years to complete the job. 

The Federal Aviation Administration 
said Wednesday that ir would move to 
require the industry to install the devices 
within three years. A Transportation 
Department spokesman. Bill Schulz, 
called die industry announcement “a 
positive step but one that needs to be 
even more aggressive." 

The agency has granted Delta Air 
Linespennission to install the systems. 
Mr. Schulz said Delta was the only 
airline to seek such permission so far. 

The industry’s announcement, made 
by the AirTrausport Association, comes 
a year after a ValuJet DC-9 crashed into 


the Florida Everglades, killing all 110 
neoole aboard. The crash has been at- 


people aboard. The crash has been at- 
tributed to a fire in the cargo hold. 
Officials say they believe oxygen gen- 


erators being shipped as cargo triggered 
the fire, which engulfed the aircraft. 

The industry agreed in December to 
begin installing smoke detectors in 
cargo holds this autumn. But the airlines 
asked for more time to deal with the 
issue of installing fire-suppression sys- 
tems. Neither side had an estimate of the 
cost of installing the devices. 

The fire-suppression systems use 
halon, a chemical banned by the En- 
vironmental Protection Agency because 
it damages the ozone layer. The industry 
said it did not want to install the safety 
devices because there might not be 
enough halon and because some gov- 
ernments have signaled that they might 
not allow planes equipped with halon 
systems to land in their countries. 

The Environmental Protection 
Agency wrote the Air Transport As- 
sociation on Wednesday to assure the 
airlines that they would have an ad- 
equate supply of halon for the 3.000 
aircraft that need to have the suppres- 
sion systems installed. The lerter said 
the U.S. government would lake ap- 


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INTERNATIONAL HERALD TRIBUNE, FRIDAY, MAY 16, 1997 

THE AMERICAS 


PAGE 3 


Air Force Fears Public Spectacle Over the Woman Who Sinned 


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By Elaine Sciolino 

P He* York Times Smice 

WASHINGTON — Le Ss than a week before 
the court-martial of the first female B-52 piSi on 

SrfHbS* r° char £ es ' rhe secretary of the 
« associates she would consider 

SS22L*! • fficer r ? resi S n with an honorable 
dtMharoe, senior air force officials say 

"° m ^negative pubUc reaction to 
the prosecunon of 2d Lieutenant Kelly Flinn 26 
the air force secretary. Dr. Sheila Widnali, is 
Struggling to find a way to avoid what she 
expects will be the further spectacle of a high- 
profile court-martial, the officials said. 

Lieutenant Flinn is accused of adultery with a 
married civilian, of fraternization with a lower- 
rankwg unmarried airman, of lying to inves- 


Pentagon Plan 
Draws Fire for 
|Vot Changing 
Forces’ Mission 


rigators and of disobeying an order to stay away 
from the married man. 

Lieutenant Flinn. a milJion-doIlar-pius air 
force investment who was hand-picked to fly Dr. 
Widnali in a B-52 last year, would not have to 
plead guilty to any of the charges against her 
under air force procedures. 

Under normal roles, people facing court mar- 
tial are entitled to ask to be given the chance to 
resign, a procedure known as resignation in lieu 
of court-martial, or RJDLO. There is no guarantee 
that their requests would be granted, and they 
still might be required to plead guilty to some 
charge, in these cases an honorable discharge is 
seldom granted. 

[The Pentagon said Thursday that no such 
request has been submined and that Dr. Widnali 
has made no decision on approving a possible 


honorable discharge. The Associated Press re- 
ported. 

[The Pentagon statement added that “The 
suggestion in today's New York Times that the 
Secretary of the Air Force has already decided 10 
approve a Resignation in Lieu of Court Martial 
with an honorable discharge is inaccurate.” 
However, the statement noted that Lieutenant 
Flinn had the right to request through her chain of 
command that she be allowed 10 resign instead of 
facing trial by court martial.] 

What makes Dr. WidnaU's position particularly 
delicate is that under military roles, she cannot 
formally offer leniency to Lieutenant Flinn in 
exchange for avoiding a trial the way a prosecutor 
can in civilian life. That would violate military 
rules against using a position of command to 
influence a court proceeding. Dr. Widnali is even 


prohibited from suggesting such an offer to of- 
ficers in Lieutenant Flinn 's chain of command. 

As the air force faces a barrage of criticism 
that it is unfairly punishing Lieutenant Flinn for 
committing offenses that it often overlooks, se- 
nior air force officials have concluded that the air 
force is in a no-win situation if die court-martial 
goes forward. 

“There is some concern the reputation of the 
air force is being unfairly tarnished.” said one 
senior air force official, who requested anonym- 
ity. "Dr. Widnali would certainly consider the 
facts in this case, and if the RILO came she 
would most probably accept it. 1 can't neces- 
sarily say a discharge would be honorable, but 
sbe would certainly consider die ramifications of 
the range of discharges.” 

It was not clear whether the air force was 


trying to send a signal to Lieutenant Flinn in 
order to encourage her to make a deal, the terms 
of which she would not know in advance. 

Lieutenant Flinn is facing charges of adultery, 
fraternization, disobeying a direct order and 
making a false sworn statement. Even though 
she has admitted at least some of the charges on 
national television, she has questioned whether 
the crimes warrant a court-martial and has not 
yet entered a plea. 

Under military rules, only Lieutenant Flinn 
can initiate a request that she resign rather than 
face court-martial, but she has not done so. 

Over and over in recent weeks, air force of- 
ficials have emphasized that what is important to 
remember about Lieutenant Flinn is that she broke 
a bond of trust by lying arid disobeying, not that 
she had an affair with a married civilian. 



By Philip Shenon 

Mnr Yurt Times Service 

WASHINGTON — Even before the 
Pentagon makes public its blueprint for 
the military of the 21st century, the 
strategic review is drawing biting crit- 
icism from lawmakers, military schol- 
ars and analysts who say it should have 
called for more drastic changes in the 
size and mission of the armed forces. 

With details of the review trickling 
our of die Pentagon in recent weeks, 
some prominent critics have said the 
Defense Department appears to have 
squandered an opportunity to remake 
die services during a remarkable period 
in which the United States faces no 
military equal. 

Pentagon officials say their report, 
the Quadrennial Defense Review, 
which is seen as an early test of the 
.^leadership of Defense Secretary Wti- 
vJiam Cohen, will recommend that the 
number of active-duty troops in the mil- 
itary be cut by about 4 percent and that 
the budget for jet fighters and other 
advanced weapons be trimmed. 

But. they say, the review will not 
recommend the cancellation of any ma- 
jor weapons programs, even though 
many of those arms were specifically 
designed for use against an enemy that 
disappeared with the collapse of the 
Soviet Union. Nor will it recommend 
dramatic shifts in the number of troops 
deployed abroad. 

The review, to be made public 
Monday, is drawing criticism from with- 
in the 7 Pentagon, with a senior Defense 
Department weapons analyst describing 
it as a * ‘deeply flawed exercise.” 

“This is a Cold War modernization 
program, and the name of the game is to ' 
protect the status quo,” said the analyst, 
Franklin Spinney, who has irritated the 
Pentagon for years with his candor. 

Mr. Spinney said military contractors 
were among tne clear victors in die pro- 
cess. with the Pentagon planning to cut 
troop strength to pay for new weapons — 
“toys over boys, ’ as he put it. 

Senator John McCain. Republican of 
Arizona, who is a member of the Senate 
Armed Services Committee, said that the 
details made public so far showed that 
“hof awhole lot of tough choices were 
made,” and that many of those choices 
i would now be left to Congress. 

* Many senior congressional Republi- 
cans have argued that die review makes 
too many provisions for international 
peacekeeping operations, like the Amer- 
ican-led NATO operation in Bosnia, at 
the expense of other military tasks. 

Earlier this week, in a speech offering 
his first extensive remarks on the re- 
view’s conclusions, Mr. Cohen said the 
Pentagon had chosen “to largely sustain 
the current force.” 

‘ ‘We intend to maintain a robust pres- 
ence in key regions of the world,” he 
said, noting that the Defense Depart- 
ment had decided to maintain a doctrine 
requiring the military 10 be ready to. 
fight two large regional wars at virtually 
the same time. “We need the capability 
to fight and win major theater wars in 
two places. It signals our resolve to 
friends and foes alike.” 

Mr. Cohen said tbe review would call 
for U.S. troop deployments abroad to be 
held at current levels: about 100.000 
troops in Asia, and i 00,000 in Europe. 

A senior deputy to Mr. Cohen, speak- 
ing on condition that he not be identified 
by name., said many of the criticisms of 
the review “are just plain silly, given 
how well the American military carries 
*^out its mission today.” 
f “This is not a force that needs to be 
overhauled’' the official said 

Stitt, many military analysts have 
questioned the Pentagon's decision not to 
mai re more drastic cuts in what is now a 
$350 billion budget for a new generation 
of jetfighters — the air force’s F-22, the 
navy’s F/A-I8E/Fand the services Joint 
Strike Fighter — given the superiority of 
the current generation of fighters and me 
absence of a superpower rival. 

■ 1 pentagon officials say the reviewwill 

very likely recommend that the orders 
for air force and navy jets be cut by 
about 25 percent. 



tVnui* Cait'iv .WociSi4 IVu 

Representative Dan Burton. 


Mobutu Visa for Donation? 

WASHINGTON — The chairman of the panel 
investigating campaign fund-raising supported 
Mobuni Sese Seko’s request for a U.S. visa after 
accepting campaign contributions from the Zairian 
president's Washington lobbyist. 

Representative Dan Burton. Republican of Indiana, 
wrote to the State Department in 1995 to argue chat 
Marshal Mobutu should be granted a visa to travel to 
the United States at a time he was regarded by the 
Clinton administration as an obstacle to democracy in 
his country. 

Over the past eight years. Mr. Burton has received 
$4,500 in campaign contributions from Edward van 
Kioberg, a lobbyist for a long list of Third World 
governments that includes Zaire. 

Mr. van Kioberg is paid $300,000 a year to rep- 
resent Marshal Mobutu's interests in Washington, 
according to public records. 

Mr. Burton also has collected at least $5,000 from a 
Mobutu advocate. Mamadl Diane. Mr. Diane is a 
businessman who founded the tax-exempt Zaire- 
American Research Institute, an advocacy organi- 
zation. Mr. Burton's efforts on behalf of Marshal 
Mobutu were fust reported by The Hill, a Washington- 
based weekly publication that covers Congress. 

Several years before recommending the visa. Mr. 
Burton gave floor speeches in tbe House of Rep- 
resentatives praising Marshal Mobutu's efforts at 
democratic reform in his country. 


A spokesman for Mr. Burton. John Williams, said the 
congressman's position on Zaire had been influenced 
partly by the role Zaire played at the time in tunneling 
supplies to U.S.-backed rebels in neighboring Angola. 

“The congressman has done nothing illegal; rhe 
congressman has done nothing unethical.” he said. 

'Mr, Williams said the disclosures had been fueled 
by partisanship because of Mr. Burton's role in in- 
vestigating fund-raising in President Bill Clinton's re- 
election campaign. Mr. Burton's supporters also have 
argued that partisanship motivated charges by a 
Democratic lobbyist. Mark Siegel, that the congress- 
man tried to pressure him to raise money for his re- 
election in 1996. (APj 

Whitewater Jury Dismissed 

WASHINGTON — A federal Whitewater grand 
jury has been dismissed after taking testimony from 
the first lady. Hillary Rodham Clinton, and dozens of 
other witnesses. 

Tbe grand jury was dismissed last week because 
tinder court rules, Kenneth Starr, the independent 
counsel, was barred from seeking an extension. But he 
can submit evidence to a new grand jury, including 
transcripts of testimony submitted to the panel that has 
expired. Mr. Starrpersonally thanked the grand jury at 
its last meeting May 8. 

’ The term of a separate Whitewater grand jury in 
Little Rock, Arkansas, which had been set to expire 
May 7. recently was extended by a federal judge until 
Nov. 7 after Mr. Stair said he needed more time to 


interview newly named witnesses and to review “ex- 
tensive evidence’ ’ of possible obstruction of justice. 

Among other things, the grand jury had been look- 
ing into the removal of Whitewater documents and 
other papers from the office of tbe White House 
deputy counsel. Vincent W. Foster Jr., after his death 
in July 1993. 

Mrs. Clinton testified for four hours before the 
Washington panel in January 1996, in an unprece- 
dented grand jury appearance for a first lady. 

At tbe time, the grand jury was believed to be 
looking into the disappearance of some of Mrs. Clin- 
ton's billing records from her former firm, the Rose 
Law Firm in Little Rock — records that were under 
subpoena — and their subsequent discovery in private 
living quarters of the White House. The papers were 
found only days before Mrs. Clinton was called before 
tbe grand jury. {API 


Quote /Unquote 


Senator Rick Santorum, Republican of Penn- 
sylvania. who is leading the fight to ban partial-birth 
abortions: “You need only look at the selfishness, the 
individual self-centeredness of this procedure — a 
procedure we would not do on Jeffrey Dahmer, a 
procedure we would not do on the worst criminal in 
America, we will do on a healthy little baby.” 

Senator Barbara Boxer, Democrat of California, in 
response: “Who decides? Senator Santorum? I hope 
not I know politicians have big egos, but we’re not 
doctors." (NYT) 


Public Housing Bill Opens Door Wider to Those Who Work 


By Lizette Alvarez 

New York Times Service 

WASHINGTON — Challenging decades of 
housing policy that favored the neediest, the House 
has voted to change the face of public housing by 
providing shelter to mote of the working poor. 

The biu, which passed Wednesday by a vote of 
293 to 132, would repeal a landmark 1937 De- 
pression-era housing law that Republicans say has 
turned once-livable housing projects into miser- 
able ghettos for the unemployed. 

It is intended to replace the old framework with 
a system that makes way for higher-income tenants 
and creates what the bill's supporters say will be ’ 
more self -sufficient communities, requiring less 


government aid. The measure could cut roughly in 
half the percentage of extremely poor tenants liv- 
ing in public housing, now about 75 percent, 
through attrition. It also would revamp rent 
policies so that every tenant's monthly payments 
would not necessarily rise along with income, a 
practice criticized as discouraging public-housing 
residents from getting off welfare. 

The measure would require many public-hous- 
ing tenants who are unemployed to perform eight 
hours of community service a month, or in most 
cases, risk eviction. 

The legislation is another step in Republican 
efforts to compel people to get off welfare and join 
the work force or at the very least, repay the 
community through volunteer work. 


“There will be no bill that is signed that will end 
poverty,” said Representative Rick Lazio, Re- 
publican of New York, who sponsored the bilL He 
added that * ‘the best that we can hope for” is a * ‘set 
of incentives for work, for family, tor local control, 
for responsibility and for accountability. * ’ 

Only one Republican, Representative Ron Paul 
of Texas, opposed die measure, while 71 Demo- 
crats supported it. The Senate is expected to take up 
its version of the bill later this spring. 

■ New Policies on Disabled Students 

Rene Sanchez of The Washington Post reported ; 

Also Wednesday, the Senate easily passed and 
sent to President Bill Clinton a bill that revamps 
how the nation’s public schools educate and dis- 


cipline students with physical, emotional or learn- 
ing disabilities. 

The passage marks the end of more than two 
years of debate on the proper way to teach disabled 
children, a subject of growing concern in many 
schools where the costs of special education are 
soaring. This decade, rhe number of students iden- 
tified with some kind of disability has increased to 
5.4 million, from 4.8 million. 

■ The bill, which Mr. Clinton has said he would 
sign, shifts how schools receive. pearly $4 billion in 
federal aid for special education and take steps 
designed to improve academic programs for dis- 
abled students. It also gives educators more power 
to suspend for up to 45 days disabled students who 
bring weapons or drugs to school. 



Prosecutors Seek Death Penalty for Unabomber 


Washington Post Service 

WASHINGTON — Federal prose- 
cutors preparing for the murder trial of 
Theodore Kaczynski, the Unabomber 
suspect, have requested that Attorney 
General Janet Reno seek the death pen- 
alty in the case, according to sources 
familiar with the deliberations. 

The request, forwarded to a special 
Justice Department panel that is review- 


ing the case, came despite the fact that 
Mr. Kaczynski ’s relatives, who played a 
key role in his arrest, have asked that his 
life be spared if he is convicted. There 
also are questions about Mr. Kaczyn- 
ski’s mental state. 

It was unclear Wednesday night what 
Ms. Reno's final decision would be, and 
sbe has ordered Justice Department of- 
ficials not to discuss the matter. 


Prosecutors decided that while they 
were mindful of Mr. KaczynsJti's fam- 
ily’s wishes and other factors, tbe death 
penalty was warranted because they had 
uncovered volumes of evidence suggest- 
ing that the suspect was cold, calculating 
and exacting over 1 7 years of bombings 
that killed three people and injured 23 
others. Prosecutors said they also had to 
consider the families of the victims. 


College Fraternities Try to Go Dry Recovers Child 

In Move to Change Culture of Excess, Some Are Banning Alcohol The Associated Pnu 

f o KTCQ/ VflDB” A 


MtcU»d McMolbnm* Aaccmcd Prat 

An expert, in a test at the University of Rhode Island crime lab, firing 
the rifle believed to have been used to kill Martin Luther King Jr. 


Away From 
PoiStics 

• The gun believed to have killed 
Martin Luther King Jr. was fired for 
the first time in nearly 20 years by 
weapons experts. Tbe test was .part of 
an effort by James Earl Ray, who 
pleaded guilty to assassinating the 
civil-rights leader in 1968 in Mem- 
phis, Tennessee, to prove his inno- 
cence. Mr. Ray argues dial the test will 
show that another weapon was used to 
kill Dr. King. (AP) 

■ The space shuttle Atlantis and a 
crew of seven took off from Cape 
Canaveral. Florida, in pursuit of Rus- 
sia’s orbiting Mir station, in urgent 
need of an oxygen generator and other 
repair equipment being fenied up. 


The Mir has had numerous break- 
downs as well as a fire since Atlantis's 
last visit, in January. (AP ) 

• Dr. David Baltimore, an AIDS re- 

searcher who won a Nobel prize in 
1975 and was later caught up in an 
unfounded science-fraud scandal that 
cost him the presidency of Rocke- 
feller University, has been appointed 
president of the California Institute of 
Technology. (NYT) 

• The U.S. highway safety agency is 

developing a driving test to rate 
vehicles on whether they are likely to 
roll over in accidents. f AP) 

• Saying begging is constitutionally 
protected free speech. Massachu- 
setts's high court struck down a 1 1 1- 
y ear-old state law that permitted tbe 
imprisonment of panhandlers. (AP) 


By Dirk Johnson 

Afrw York Times Service 

CARBONDALE, Illinois 
— As bashes go, the party at 
the Alpha Tau Omega bouse 
was a rerun. Fraternity mem- 
bers donned leis, frolicked 
with sorority sisters and 
drank gallons of beer. 

But it was the last of its 
kind at Southern fllinois Uni- 
versity. Fraternities here are 
going dry. 

“This is going to kill re- 
cruitment,” said Sean 
Pechan, 22, an advertising 
major who said he doubted 
that students would be willing 
to dress in togas or grass 
skirts while sober. “It just 
wouldn’t be the same,” he 
said. 

As part of a pilot program. 
Southern Illinois and four 
other U.S. colleges and uni- 
versities are banning alcohol 
in their fraternities. Two na- 
tional fraternities also have 
vowed to ban alcohol in all 


norm at fraternities on Amer- 
ican campuses in the next few 
years. Alcohol has always 
been banned at sororities. 

“We’re trying to ebange 
the culture of fraiemities who 
misuse alcohol,” said Jonath- 
an Brant, 1 an official with die 
National Irneifratemity Con- 
ference. He called for what he 
described as a return to the 
founding principles of fra- 
ternities: scholarship and 
public service. 

He conceded that many 
members would not be 
pleased. “There are people 
who joined a fraternity to 
consume alcohol.” Mr. Brant 
sajd. “They’re not happy.” 

A Harvard University 
study in 1995 found that fra- 
ternity members were more 
likely than other students to 
drink in binges, defined as 
consuming five or more 


drinks in one sitting in the 
previous two weeks. Over the 
years, there have been many 
tragedies involving alcohol at 
fraternities. 

The four other colleges that 
volunteered to take part in 
Select 2000, the pilot pro- 
gram to ban alcohol in fra- 
ternities, are Villanova in 
Pennsylvania. Florida South- 
ern, Northern Colorado and 
the Rochester Institute of 
Technology in New York. 

Because universities own 
die fraternities,. they have au- 
thority to impose such rules. 


The Associated Press 

NEW YORK — A 
Danish mother was re- 
united with her 14- 
month-old daughter four 
days after she was arres- 
ted for leaving the girl 
outside a restaurant 
while she dined inside 
with the girl’s father. 

“From what I hear, 
everything went as 
smoothly as possible” 
when Annette Sorensen 
and her daughter, Liv. 
were reunited Wednes- 
day, a New York spokes- 
woman said. 


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r. PAGE 4 


INTERNATIONAL HERALD TRIBUNE, FRIDAY MAY 16, 1997 


ASIA/PACIFIC 


New Hong Kong Chief 
Eases Curbs on Liberty 


But Tung Defends Asian Values' Policy 


By Edward A. Gargan 

York Times Str ict 


HONG KONG — Reacting to an 
avalanche of local and international crit- 
icism of its plans to roll back a range of 
civil liberties for Hong Kong, the ter- 
ritory's government-in- waiting an- 
nounced plans Thursday to slightly relax 
its proposals to curb public demonstra- 
tions and control political groups. 

And while the new proposals, which 
are certain to be approved by Beijing's 
hand-picked legislature for Hong Kong, 
are marginally less austere than orig- 
inally proposed last month, they still 
mark a sharp curtailment of existing 
liberties in Hong Kong. 

In addition, the incoming govern- 
ment said it would give the ponce die 
right to ban any protest or organization 
on grounds of national security, a term 
that is used in China to embrace vir- 
tually any criticism of the central gov- 
ernment or the Communist Party. 

Tung Chee-hwa. the shipping mag- 
nate chosen by China to run die territory 
when Chinese rule resumes on July 1. 
defended the restrictions on civil liber- 
ties as an expression of what he calls 
“Asian values.” 

"There has to be a proper balance 
between civil liberties and social order,” 
he said in a speech Thursday evening to 
the Asia Society, an American cultural 
and lobby group concerned with Asian 
issues. "We have listened carefully to 
public opinion," continued Mr. Tung, 
“and have taken positive steps to ad- 
dress some of the concerns addressed.” 

Broad new powers to ban organi- 
zations will be assumed by the incoming 
government if those groups are deemed 
to jeopardize national security and pub- 
lic order. Foreign political organiza- 
tions, including groups in Taiwan, but 
not in China, will be barred from con- 
tributing to local political organizations 
under the proposals; the Chinese Com- 
munist Parry will be permitted to fi- 
nance whatever political groups or 
activities it likes. 

In the weeks since Mr. Tung first 
announced the limiting of civil liberties, 
there has been an explosion of public 


slaught of public comment, an official in 
Mr. Tung's office declared that some of 
the original proposals would be eased. 
In particular, the incoming government 
will no longer require protesters to 
provide seven days’ notice before a 
demonstration. However, die police 
will be given the authority to prohibit 
any public protest "in the interests of 
national security or public safety, public 
order or the protection of the rights and 
freedoms of others. ' ’ 

Pro-democracy activists who have 
challenged the need to modify any of 
Hong Kong's existing civil liberties 
were quick to attack Mr. Tung's plans. 

"Our party is disappointed/ said 
Yueng Sum. a leader of the Democratic 
Party, the largest political party in Hong 
Kong's elected legislature. "After the 
date of changeover, people's civil liber- 
ties will be more restricted. We still 
think a lot of restrictions will be im- 
posed on public processions and the 
formation of societies.” 

Britain’s last governor here, Chris 
Patten, whose tenure expires with the 



Seoul Zeroes In on Kim’s Son 


Arrest Is Likely in Hanbo Steel Bribery Affair 




Aim Yomg Jora/Thc AMOOMnd Pros 

Kim Hyun Chul, son of President Kim Young Sam of South Korea, 
arriving for questioning at the state prosecutor’s office Thursday. 


Corded fn Ote StttfFwn Disproves 

SEOUL — Prosecutors who questioned 
President Kim Young Sam's son Thursday 
said they were confident they could charge 
him in the Hanbo bribery scandal that has 
rocked his father’s government 

The interrogation of Kim Hyun Chul, 37, 
came amid indications that a four-month 
government investigation into the affair was 
□earing an end. 

“Prosecutors have secured enough ev- 
idence that he violated laws,” a stare official 
said shortly after Kim Hyun Chul arrived ai 
the Supreme Public Prosecutor's office. 
"We are trying to secure his confession." 

A senior prosecutor. Shim Je Ryoon, said 
the president’s son had admitted accepting 
money from businessmen but denied that the 
funds represented bribes. 

Prosecutors claim that Kim Hyun Chul 
hid at least S13.7 million in stocks and 
investments in companies run by his as- 
sociates. 

They also say he used more than 100 
secret bank accounts to shield money he 
received from businesses that sought gov- 
ernment contracts and licenses. 


The president’s son was questioned in 
February, but no evidence of wrongdoing 


was found then. But this time, Mr. Shimsaid,^ 1 
* ‘We will prove piece by piece* ’ that the son 
has taken bribes. “We expea him to deny 
the allegations at first, but he will eventually 
have to cooperate." 

Kim Hyun Chul is the first relative of an . 
incumbent South Korean president to face . 
possible criminal charges, if found guilty of 
briberv, be could be sentenced to up to five 
years in prison and fined up to Sl’1300; ■ 

His arrest would seriously damage Pres- 
ident Kim’s ability to choose his governing 
party’s candidate for a presidential election 
in December- By law, Mr. Kim can not 
succeed himself. 

The president’s son was tight-lippedas he 
waded through an army of reporters before 
entering the prosecutor’s office Thursday. 

The scandal grew out of the bankruptcy of 
Hanbo Steel & General Construction Co. in 
January. Eleven people, including several • 
key associates of President Kim, have been 
arrested and charged with taking or giving 
bribes in exchange for arranging improper 
bank loans to Hanbo. . / 

Opposition parties have identified the 
president's son as the main backeraf.tb| 
steel company, which collapsed after pilir^ 
op $6 billion in debt. . (Reuters. AP} . 


BRIEFLY 


end of colonial rule, also queried the 
need to rein in civil rights. "The central 


protest and criticism of his proposals. 
For three weeks, his office accepted writ- 


For three weeks, his office accepted writ- 
ten comments, while on Hong Kong's 
streets, activists carried out repeated 
protests over the proposed restrictions. 

Thursday, after a review of the on- 


need to rein in civil rights. "The central 
question that people have been asking 
about this exercise remains un- 
answered. and that is why any of ir 
should be necessary.” Mr. Patten said in 
a statement released by his office 
Thursday. “No convincing explanation 
was given at the outset and none is given 
now. Public order in Hong Kong is as 
good as it is anywhere in the world, and 
is better than in a great many places.” 

In the years after Chinese Army 
troops killed hundreds, perhaps thou- 
sands. of Beijing citizens and students 
near Tiananmen Square in 1989. the 
Hong Kong government introduced a 
series of laws to strengthen civil liberties 
and rights, moves that were denounced 
at the time by Beijing. The decision by 
Mr. Tung’s shadow administration to 
re impose more severe restrictions on 
these liberties has been widely seen here 
as an effort to placate China. 

Mr. Tung said, "We listened very 
carefully to die views of the people,” 
referring to the inundation of letters, 
statements and legal opinions received 
by his office over a three-week period. 
“I think it’s interesting to note that 
people by and large supported the basic 
principles of finding a proper balance 
between the rights of individuals and the 
order of our community.” 


Taiwan’s Lee Vows Not to Run 


TAIPEI — President Lee Teng-hui of Taiwan made a 
fresh pledge Thursday that he would not seek another four- 
year term when his presidency expires in 2000. 

At a news conference, Mr. Lee said he had answered the 
question many times before but that his denials had not been 
taken seriously. 

Mr. Lee also denied that he was grooming a successor in 
Vice President and Prime Minister Lien Chan, saying the 
next president “should be decided by the general pub- 
lic." 

Mr. Lee and Mr. Chan, of the ruling Nationalist Party, 
easily defeated the opposition in a Maicb'199 6 election that 
was billed as the first democratic election of a leader in 
Taiwan. But the decision by Mr. Lee. who had been 
president since 1988. to run set off serious power struggles 
within the party. (AFP) 


asked about the U.S . demand last weekend for Mr. Baloch ’s 
release. 

‘ ‘This is a marty r which comes under the legal domain. 
This is not a political issue.” 

P akistani police arrested Mr. Baloch last week, accusing 
him of "involvement in drug trafficking and anti-state 
activities.’ 

Islamabad has declined to explain the charges but has 
denied the arrest was in retaliation for the arrest in New 
York last month of a senior Pakistan Air Force officer 
accused of carrying two kilograms (4.4 pounds) of heroin in 
an air force plane. (Reuters) 


Party’s March Turns 
Violent in Jakarta 


Okinawans Protest U.S. Bases 


Pakistan Rebuffs U.S. on Agent 


NAHA. Japan — Thousands of Okinawans took note of 
the 25th anniversary of the islands’ return to Japanese 
authority Thursday with protests against the U.S. military 
bases that dpt Okinawa. 

Anti-military marches organized by labor unions, left- 
leaning political groups and landowners were held across 


ISLAMABAD, Pakistan — Pakistan on Thursday- re- 
jected a U.S. demand for the release of a detained local 
employee of Washington's Drug Enforcement Agency. 

A Foreign Ministry spokesman said at a news briefing 
that Ayaz Baloch. an employee of die drug agency office at 
die U.S. Embassy in Islamabad, was a Pakistani citizen and 
would be dealt with under Pakistani law. 

"The Americans, while they can express their views, 
cannot technically make such a request.” he said when 


Okinawa, where nearly 30.000 U.S. troops are deployed. 
Riot police were stationed to protect the bases from ar 


Riot police were stationed to protect the bases from an 
overzealous demonstrators, but the protests were peace- 
ful. 

Thursday's anniversary marks the 1972 reversion of 
Okinawa to Japanese rule after 27 years under post-World 
War n U.S. administration. 

Though the occupation of the rest of Japan ended in 
1952, Washington held on to Okinawa for an additional 20 
years because of the islands' strategic importance. (AP) 


Cv*rti6ltnOvr Staff FmmDaprtcha 

JAKARTA — Several people were 
injured in violence involving supporters - 
of Indonesia's governing Golkar party 
during election campaigning Thursday 
in Jakarta, witnesses said. 

Minor clashes have punctuated the 
campaign for the May 29 general elec- 
tions. 

Witnesses said Golkar supporters 
passing a construction site in a southern 
suburb of the capital demanded that the 
workers there join them -in shouting 
political slogans. After the workers re- 
fused, stone-throwing erupted from 
both sides. Several people sustained 
head wounds, but the fighting died down 
before armed troops and anti-riot police 
reached the scene, the witnesses said. 

The windshields-of more than 20 car^£‘ 
were damaged and stones littered the 
thoroughfare adjoining the construction 
site. Witnesses said none of those in- 
jured appeared to be badly hurt. 

Meanwhile, the police said six people 
were killed in campaign-related traffic 
accidents in Jakarta. Most of die people 
killed in die accidents fell off trucks or 
were hit by cars during parades. 

(Reuters. AP) 



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ray betorr marts valuei a crested. nsn 
youthful- couple prepared ro let owner 
stay m i room uMe lanfty travels. Jure 
5- Aug 20. Tel: +44 10) 171 385 0577 



Auctions 


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cotoure available. Worktvnfla dowry 44 
(0)171 483 20*7 Fax 44 (0)1923 218700 


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Si .595,000 Owner 941-951-6775 
mail shomtflig&Lnescomcom 


RIVERSIDE Modem Funsshed Town 
House. 4 teds. 2 bads, «th garage ami 
off street cariorg. n excellent condtocn. 
dose to good amenities £595.00 oer 
week At least i year tot pr eferre d Day 
0181 933 8046, Mottie 0^S S3 540 


388 sc*nu 3 bedrooms. 31/2 bads, 
marble entrance. Ovary. 3 Moor parting 
spaces. 3 ceBars. large terraces 
fabliaus view of rnatitenanean end 
Monaco. Has nor been rived m smee 
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Tet +33 (0)6 08 37 03 04. 


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Boats A Yachts 


USA Residential 


MONACO, RARE TOR SALE Via 350 
sq.m., 3 hung rooms, 4 bed roans. 4 
baths, study. Wtcbw. independent studio. 
200 sq_m. garden, barbecue, bar. ga- 
rage. 2 cars. v*H on port, sunny. AG. 
LE KffllAQUE Tet. +377 93 50 53 02 
Fax +377 92 16 14 66 


STAMFORD. CT 1-203-32*2111 
Just 50 Mutates to New York City 
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home with gated entry and paroranc 
views, updated with uncomprormsrng 
quaky. Ifl&rate custom rtenors-gciimet 
kitchen, baits. moWrgs, boors, doors 
and lighting. Walks <3 windows end 
expansive stone terrace overlook 
Long bland Sound. Si, 795.000 


FOR SALE 

Wtaugntar 47ft sa£ng yacht bub 63 tying 
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Berths lor nta 

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SLOAKE SO IS mns). 2 amines, angle. 
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HAY THE SACRED HEART OF JESUS 
be adored, gtorfwl loved and preserved 
throughout the world, now and forever 
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Joaw aft 

















































































INTERNATIONAL HERALD TRIBUNE, FRIDAY, MAY 16, 1997 


PAGE 5 







EUROPE 


Swiss Aid Foundation Gets 
v Finance Chiefs’ Backing 


Cl-. - 

«cumbe»-"t 

posiibrt 

gpSS5;S 

'den: Kim's ^ se nou5v°H: l| J«l^ 
party's cr*.a ; cJt" T ;- 10 c hoosl t 

succeed!*?*.?- 

iv p ;£:: r - K *»55 

*aded t hrcu-r", - '° n ‘ A * tiehi i, * 
sntemis m- of rgJiPPed^. 

u T he scandal s of ficeT?' K 

Haiti® Sr?.': a - 1 u; w the h-,r,i r< <w 

»W«uj. &V^c£S2S* 

«>■ «*aaaa, £,62*- i"cl u /,n 0 *% 
ar.d Kim £>» 

»*e« m exc^.*«h 
wi ban, !0 HaSi,."" -^SinslL^ 


.. „ St 

ssrs^r_-r : ",** fia?** 

ZZ^__J^y‘ 

-■ March 

' ,olen t in Jakarta 


' S^^land’s plan to create a 

SO billion humanitarian fund by selling of- 
ficial gold reserves won some support 

• when siate finance chiefs endorsed 
tbeidea, though with conditions. 

The Conference of Cantonal Finance Di- 
rectors backed the plan at its annual meeting in 
Glarus, southeast of Zurich, after discussing 

- concerns ; with i officials at the Swiss National 
Bank and the federal Finance Ministry. 

s tatement said the conference, made up 
of representatives from the states, or cantons, 
of the Swiss confederation, “supports the 
government’s intention to creare the Soli- 
darity Foundation in 1998 as testimony to 

• Switzerland’s humanitarian tradition.” 

The government sought support from the 
J influential group to help to persuade voters to 
back the plan in a referendum next year. 

Hie plan, announced in March, calls for 
revaluing official gold reserves — now on the 
bank’s books at less than a third of their market 
“ value — by 14 billion Swiss francs (S20 bil- 
^lion), half of which would finance the fund. 
f Gradually selling 7 billion in gold and 
investing the proceeds in securities would 
generate about 350 million Swiss francs a year 
to distribute to victims of poverty, abuse and 

- disasters in Switzerland and abroad. 

The fund would be separate from a 265 
million Swiss franc Holocaust memorial fund 


that Swiss banks, other private businesses and 
the national bank are financing for needy 
Holocaust survivors and their families. 

Opinion polls taken immediately after the 
announcement showed mosr Swiss backed the 
idea of creating the humanitarian foundation, 
which the government hopes will clear the air 
of accusations that Switzerland cynically 
profited from World War n. Bur resistance to 
the idea has grown, with rightist politicians 
complaining that Switzerland was being 
blackmailed into selling off national treas- 
ures. 

While supporting the foundation in prin- 
ciple. the cantonal officials said its goals had 
to be clarified so that the fund did not compete 
against state or private social welfare pro- 
grams. 

In Washington, meanwhile, a top Swiss 
envoy complained Thursday that Switzerland 
was being treated as an “international out- 
cast” despite its moves to make amends for 
accepting looted gold from Nazi Germany. 

Referring to tire Holocaust and human- 
itarian funds, , the diplomat, Thomas Borer, 
said, ‘ *1 am sorry that these endeavors have, as 
of yet, found little recognition and acknowl- 
edgment in the United States.” 

He added that the S wiss 1 ‘are perplexed and 
wonder why. in spite of these efforts, they 
continue to be treated as an international 
outcast." (Reuters. AP) 



BRIEFLY 


Farmers Biot in Marseille 

MARSEILLE — More than 300 farm work- 
ers ransacked fruit and vegetable markets early 
Thursday to protest imports of foreign ag- 
ricultural products, the police said. 

French fanners are concerned that their live- 
lihoods are being undercut by foreign com- 
petitors who do not respect the labor conditions 
and quality checks imposed in France. 

Regional fanner's unions organized the 
protest outside the Amavaux markets near 
Marseille. Workers blocked the entrance at 3 
AM., stopping the unloading of foreign pro- 
duce and overturning boxes of fruit and vege- 
tables from Spain and North Africa. A group of 
protesters intercepted a truck carrying Spanish 
strawberries at the city’s old port, destroyed the 
produce and set the truck on fire. (AP) 


cher laikc about organizing elections aimed at 
restoring stability to the country. (Reuters) 

Turk Opposition Gears Up 

ISTANBUL — The head of Turkey’s main 
opposition party. Mesut Yilmaz, said Thursday 
that his Motherland Party would submit a cen- 
sure motion by the weekend to try to topple the 
Islamist-conservative coalition. 

“We are planning to submit the censure 
motion by tomorrow evening,” the Anatolian 
press agency quoted Mr. Yilmaz as saying. 
“Our aim is to ensure the censure motion is 
discussed in Parliament next week.” 

Opposition and dissident government legis- 
lators have been negotiating to try to bring 
down the government led by the Islamist prime 
minister, Necmemn Erbakan. (Reuters) 


Albania Depot Explodes Ireland Elections: June 6 


Flonia Lumesej'Tbe Aswcuul Pros 

French fanners dumping Spanish strawberries 
during the protest Thursday against farm imports. 


GJIROKASTER, Albania — An ammuni- 
tion dump in southern Albania was rocked by 
explosions Thursday that killed four people 
and injured 14, officials said. 

Some 10 to 15 people were still trapped in 
the dump, said an Italian spokesman for the 
multinational force protecting aid supplies. 
Ammunition stores across Albania were looted 
during rioting that swept tile country in Feb- 
ruary and March after thousands of people lost 
their savings in shaky investment schemes. 

In Tirana, meanwhile, a European envoy, 
Franz Vranitzky, met political leaders for fur- 


DUB12N — Prime Minister John Bruton 
moved Thursday to call a national election for 
June 6, gambling that the “feel-good factor” 
from a booming economy would trim the op- 
position's 1 1-point lead in the polls. 

Mr. Bruton, whose three -parry “Rainbow 
coalition” came to power in 1994, had until 
November to call the election but opted to stage 
it early in the wake of what he called Ireland's 
biggest tax-cutting budget ever. His rival, Ber- 
tie Ahem of Fianna Fail was confident that 
voters would return a ‘ ‘young, invigorated gov- 
ernment into the next mille nnium .” ( Reuters ) 



One Bank Worldwide. 















PAGE 6 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, MAY 16, 1997 


INTERNATIONAL 


Russians React to NATO Accord With Resignation senate dears Treaty change 

L/ un,. York Times Service 


By David Hoffman 

Washington Post Service 


MOSCOW — For several years, Russia’s 
political leaders have been portraying the 


But die wind went out of all tbe bluster on 
Thursday after negotiators hammered out a new 
document defining the military and political 
relationship between Russia and an expanded 
alliance. Russia's political elite shrugged at tbe 


ical elite. They felt wounded by the loss of 
status, a feeling that Russia was being pushed 
out of Europe. But it’s not the case." 


"What can we do? NATO will expand and 
we lost the opportunity to stop it five or six 
years ago." said Sergei Markov of die Came- 


"The agreement is a starting point," he gie Moscow Center. Mr. Yeltsin, he said, 

“T* iuh,i Dnceia tn ninwefiillu “rhanowl fho tariMf fmm fhff 


expansion of the North Atlantic alliance as a news. It sank to the last spot tn most evening 


dreadful error that would unleash a backlash 
of nationalist and. Communist fervor inside 
Russia, threatening its transition to democ- 
racy and free markets. 

They said NATO expansion would revive 
the arms race, recreate new blocs in Europe 
and fuel tbe domestic opposition to President 
Boris Yeltsin. The Russian president's 
spokesman, Sergei Y astrzh embsky . said in 
March that broadening NATO was “the 
West's biggest strategic mistake since the end 
of the-CoId War.” 


successfully “changed tbe target from the 
expansion of NATO to specific issues." 

Mr. Markov said, “Yeltsin can use this 


alliance. Russia's political elite shrugged at the added. “It depends very much on Russia to successfully “changed the target from the 
news. It sank to the last spot on most evening put teeth into the agreement, if we use the expansion of NATO to specific issues." 
news broadcasts Thursday night- opportunity for joint action and peacekeeping. Mr. Markov said, “Yeltsin can use this 

Rather, many politicians and analysts here Only Russia may push herself out of agreement to say NATO gave a promise there 
said the deal reflected Russia’s weak bar- Europe." will be no military expansion, but in fact it was 

gaining position and praised Foreign Minister Tire agreement calls for NATO to create a postponed to the future. It’s smart for Yeltsin 

Yevgeni Primakov for negotiating as much as permanent council with Russia to discuss a and NATO. They are not going -to make a 
be could, under the circumstances. - wide array of security and other issues, giving military expansion now. They can promise 

“It's the best possible agreement,’ * said - Russia a voice in NATO decisions. The doc- not to do it, now. -They can postpone it." ‘ 
Andrei Piontkovski of tbe Institute for Stra- ument also expands on pledges NATO had Gennadi Seleznov, a Communist who is 
tegic Studies here, who had advocated a com- given Russia earlier that it had no intention of speaker of the lower bouse of Parliament, also 
promise with the North Atlantic Treaty Or- deploying nuclear weapons in the new mem- lauded the agreement, saying that NATO 
ganization. “Russians on the street don't care, ber-states, and that it will use restraint in could go ahead without Russia but the pact 
but tbe problem was dramatized by tbe polit- stationing forces there. showed ’'Russia is taken into account" 


New York Times Service 

WASHINGTON — The Senate has unanimously 
agreed to amend a 1990 treaty governing conventional; 
forces in Europe to allow Russia to keep more heavy 
weapons for a longer time near sensitive southern re- 
publics such as Chechnya. . • * . s 

The 10G-to-0 vote demonstrated the virtually universal - 
support in Washington for altering the agreement, which 
hasted to the destruction orremoval of 53,000 nonnuclear 
weapons in Europe since it took effect five years .ago. - 
The modified treaty does not change the bmrtson 
weapons, but it gives Moscow mare flexibility to decide 
where to pur them. It also redraws die boundaries of 
Russia’s northern and southern flanks to reflect thebreakup 
of the Soviet Union and gives Russia until May 1 999 to c ut ■ 
forces in those areas. The Conventional Armed Force? jn 


gy James R ypffi fe 


... country. 



hv 'de ada. rf 

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Europe Treaty was signed in 1990 by the 22 nations <rfi the 
North Atlantic Treaty Organization and the Warsaw P&cl 


30 Algerians 
Massacred as 
Election Nears 



NATOs Is Expansion Really a Good Idea ? 


wH&tn 


Continued from Pnge 1 bufi£ 

apH Slovenia, i m e s s in g for admiss ion at countries soch as Slovenia have been^ 

. . • , . 11 . _ _ — . _ J 1 n ■■ nn aWili i M A l "11 


*1 

z •' • 


vV. :fx ^ > V v>> 


CVmpfaf bf Otr SuffFnm Dhpmdta 

ALGIERS — A band using knives, 
hatchets and pickaxes massacred 30 vil- 
lagers, mostly women and children, early 
Thursday, die official start of Algeria's 
campaign for legislative elections. 

Security forces quoted by Algerian 
television said that 17 children, two of 
them babies, and seven women were 
among the dead. 

No group immediately claimed re- 
sponsibility for the massacre. A statement 
by security fences referred to the killers as 
a “band of criminals.” language used to 
designate Muslim extremists waging an 
insurgency for the past five years. 

Travelers from the region said the 
band belonged to the Armed Islamic 
Group, the most radical rebel faction. 

The Overnight attack occurred in the 
village of Chebli, halfway between Al- 
giers and Blida. which is 50 kilometers 
(30 miles) south of the capital The mas- 
sacre was the second in the area in just 
over a month. 

Village massacres have become a 
common form of violence in the insur- 
gency that began after the cancellation of 
January 1992 legislative elections the 
Islamic Salvation Front was poised to 
win. The party, banned two months later, 
will doc take part in the June 5 elections, 
the first parliamentary vote since 1992. 

The 16 million voters can chose from 
7,747 candidates for the 380-seat Na- 
tional Assembly. 

The leaders among tbe 39 parties tak- 


f ■ -r !**;■ " v 



— >- 


• - . -/ 

1 . “ 



the same time, will probably be told to prompted by the possibility of NAT O^- 
wait Then, probably next year, the new membership to accelerate their comma-,, 
it will have to be ratified by the ment to democracy (although Slovakia, - 
members and the new can- just as eager for membership, has fefrnp » 
d id ates. T Wfa» y has already s ugg ested that such ince n tive). . Ifc 'a - ■ 

it may refuse, but that is viewed by other They also argue that Hungary and 
allies as merely a bargaining position. Romania . have begun to pot as i de old 
But gaining ratification by the United animosity in the hope of winning j 
States, where two-thirds of the U.S. Sen- NATO's backing, just as Germany, anfLj 
move of the expansion, may France were able to abandon their mn-.j. 


natural wealth. power 


ate must approve of the expansion, may France were able to abandon their mn- 
not be easy, given widespread skep- tual hostility in NATO’s early days. . 
deism about making new U.S. com- But critics such as Michael Mandei- 


s Kabila and those ansuol 


mitments in an area where the national 
interest is not clear to many and the 
payoff is not evident. 


hanm, an adviser to Mr. Clinton during i 
the 1992 election campaign and xtfw.k* 
professor at Johns Hopkins, see the agree-.. 



“This is no easy sell,” said Senator ment as a bad bargain from almost every . 






Richard Lugar, Republican of Indiana, 
on whom the administration is counting 
to lead the fight for Senate approvaL 
The expansion of NATO will commit 
the United States and die other members 


point of view. The three countries most j 
like ly to be admitted, Mr. Mandelbaum \ 
argued, need no incentives to move to- • 
ward democracy and are no threat to the . 
stability of the region. Russia, he said/ 1 ‘is i.' 


of the alliance to fight, if Deed be, for not now athreat. and if it became a threat, ; 


Prague and Budapest precisely as they 
are now committed to defending Berlin 


the countries that it would threaten are not 
these three but the Baltic states and 


and Paris. That obligation is laid out in' Ukraine — precisely those that NATO is ! 
Article 5 of the North Atlantic Charter, least likely to admit" 1 


Setpi Sopimfci/Ageact IVaace-Pme 

Protesters outside the presidential palace in Kiev at an anti-NATO rally organized Thursday by Ukrainian 
parties opposed to President Leonid Kuchma. Mr. Kuchma is in Washington, where he is to see Bill Clinton. 


signed in 1949. ^ _ ■» 

Expansion has given pause to leaders 

in several Western capitals; several years "ITT TTQTT, 

ago. Douglas Hurd, then die British for- J? AJ IJ OiXo 

eign secretary, said that be thought any J rj j. c 4 • J 

U.S. president or British mime minister A HOt oeat HI Japan 


Palestinian Held in Killing of Land Dealer 


By Joel Greenberg 

New York Times Service 


JERUSALEM — The Israeli police 
said Thursday that they were holding a 


Anani, an officer in theRamallah police. 
The woman was identified as Nadia Da- 
bash, 33, a real-estate agent from Je- 
rusalem. 

Palestinians said that Mr. Anani, 36, 


said tiie chief of the Jerusalem police, 
Yair YHzhakL 

Palestinian security officials have 
denied any connection to the slaying. 
The killing came several days after the 


would be “most reluctant to send their 
boys to die for Warsaw or Bratislava.' ' 

Within the foreign-policy communi- 
ty, the debate has been intensifying in 
recent weeks, but the exchanges have 
been polite and curiously muted. They 
make it plain, nonetheless, that many 
consider this a perilous gamble. ■ 

Underlying the gamble is the con- 


Continued from Page 1 


World Atomic Bo 
To Gire Inspector* 

WASHINGTON — Five: 
faq-s dartre r.j-lea r ' 

weakness -- 

United Sues aw tr.cn 
apod on re* junwf-«' 

to _ 

The 35 -scskt heard of d h w m jtf 
Atomic Eierr} Apcr<c j mei T1 
d» issue. The -xa'J. Ac L4JEA _ 
id vote Fruii;- » reform* . 

Accorfet !c a 

U5.<fiolar^;c ahrofclbjr 

5 Peter farr.cff. ’ rr P e UW* 

| pnidins it' LAr A -“A the 






chemically analyze urine. Already 
selling well are toilets that dean them- • 
selves, that have coatings that resist ; 
germs and that spray pulsating water to ! 
massage your backade. . ; 

The toilets basically look like stan- . 


needs ;r is 10 rrc- i iz .restMc 
undecUrec r z ztU 'zt.z nude 


U.S.-Japan Cali for 


viction — publicly voiced by farmer dard American models except for the 


Secretary of State Henry Kissinger and 


ing part in the voting are the National involvement in the killing of an Arab 
Democratic Rally, which groups sup- real-estate dealer accused of selling land 
porters of President Liamine Zeroual, to Jews. 

and the Islamist-leaning Movement for a An Israeli court here ordered the man 

Peaceful Society. and a woman to be detained in the 

Prime Minister Ahmed Ouyahia, a murder of the dealer, Farid Bashiti, 70, 


Palestinian police officer on suspicion of was a lawyer employed by theRamallah Palestinian Authority announced that it unspoken but deeply held fay tbe mam 


police. 

Mr. Bashiti ’s body was found hours 
after he met Miss Dabash at a Jerusalem 


An Israeli court here ordered the man hotel for what his relatives said was a 
and a woman to be detained in the business matter. Israeli security officials 


would impose death sentences on Arabs 
convicted of selling land to Jews. 

"Apparently the order led to the 
killing. ’ Prime Minister Benjamin Net- 


shapers of foreign policy in Washington 
— that Russia might someday threaten 
Central and Eastern Europe again and 
that now is tbe moment, when Russia is 


control pad, which sometimes comes 
with a digital clock to tell you how long 
you have been In the bathroom. Some of 
tite buttons control the temperature of 
the water squirted onto your backside. 

The bottom-washer function, conr- 


National Democratic Rally candidate, 
toured the Algiers Casbah on Thursday 


whose bludgeoned and bound body was 
found May 9 in the Palestinian-ruled 


said they suspected Mr. Bashiti was 
lured to Ramallah, where he was killed 
by Palestinian security men. 


anyahu said Thursday. “We protest this weak, to extend Western protection to-- ' bmed .with die bottom- btowadryer. is 


vehemently." 

Meanwhile, Dermis Ross, the U.S 
special envoy to the Middle East, has 


potential taigets. 

Doing so, tbe U.S. administration 
says, will have important side benefits as 


— the first visit by a head of government town of Ramallah in die West Bank. “The investigation points in tbe di- been meeting this week with Israeli and well, including the encouragement of men lifts lid and seat, while the button 


designed to do away until the deed for 
toilet tissue. Other buttons automatically 
open and close die lid — the button for 


in five years to the Muslim rebel strong- 
hold, residents said. (AP. Reuters) 


lection of involvement in one form or Palestinian leaders to try and restart reform in East Europe and the disconr- 


ed the male suspect as Nasser another of tbe Palestinian Authority,” peace talks, so far without success. 


-agement of regional disputes. 
But many are not convinced. 


GERMANY: 

Budget Crisis Grows 


Continued from Page 1 


Germany meet a separate Maastricht cri- 
teria on overall debt, which Germany is 
set to overshoot this year. 

“Helplessness” was how the news- 
paper Die Welt described the govern- 
ment’s apparent disarray and desper- 
ation in its efforts to control deficits. 
Commentators and analysts berated 
Bonn on Thursday for a related dis- 

of additional shares in Deutsche 
Telekom AG as another painless way to 
raise funds without having to cut spend- 
ing or raise taxes. Germans criticized 
France last year for using pensions from 
France Telecom to lower its deficit 

The events reaffirm the impression 
that the government has been unclear up 



FRANCE: Flirting I With EcOnOnUC Taboos the retired diplomat and Russian scholar, 

arguing that expansion “would be the 


‘would be the 


Continued from Page 1 


May 25 and June 1, tbe point of the vote most fateful error of American policy in 




But in many ways France is. It has not 
been through the Reaganite orThatcher- 
ite reforms that, in the wake of economic 
change, moved President Bill Clinton’s 
Democrats and Tony Blair’s Labour 
Party toward the center. Nor, like the 
Netherlands and even Italy, has it put 
pragmatic reform of the welfare state 
before paralyzing ideological clashes. 
Its economy has sagged and unemploy- 
ment risen steadily to 12.8 percent 
“The French people see increasingly 


has tended to remain obscure. Ha’ 
spoken of critical choices to justify 1 


the whole post-Cold War era." 

Mr. Kennan said NATO expansion 


ing the election one year early, tiie pres- was likely to inflame “nationalistic. 


idem and his prime minister, Alain 
Juppe, veered toward language so 
guarded that the choices seemed de- 
liberately obscured. 


anti-Western and militaristic tendencies 


for women lifts the lid only. Some toilets 
even have a hand-held remote control. 

Many foreigners say that once you get 
used to these toilets — which cost 
$2,000 to $4,000 — it is hard to do 
without them, especially the automatic 
seat wanna:. 

Harry Sweeney, an Irishman who 
raises horses on the cold northern island 
of Hokkaido, said he knew a man who 
drove two and a half kilometers out of 
his way each monring to use a public 


GENEV A — L & 
61 -aadonCcir;r.cc Dis. 
on banning iar.c r Ir.r- i'ound n 
“Land ai*. our Ag 

cities.afe'A re;: e ^ 
disarmameri lohi the 
summer sasizr. : Tr rTiwjftu. 

forum rara-T* SidOcv 

"IfaeJiDsneN? c~* — ■n"-’* m - * m 

Mr.IfesajV;-.iKi:dfciidB 

was npe fer cjsc ^ : e kwcjo 
f^nu^ — nrjrn and' 




5 US 1 . ** 




lima Police Station 


poHot 





tiative were invariably balanced by calls 
for solidarity. Allusions to Europe and 
tbe planned introduction of a common 
currency, the euro, in 1999, were 


»* *** w«»» i mmnm w Wrfl uw n.lvo 11 U way MW mVHUlUg LU USC a pUDUC km xhO'AftJ -vJ 

in Russian opinion," hinder the devel- toilet with a heated seat. “It gets very I 

opment of Russian democracy, restore cold up here in the winter," -Mr. - - |®.®®«»!esLimi" " 

the atmosphere of the Cold War to East- Sweeney said, "so those heated seats j m , OT Minister CX ^ c. 

Mr. Chirac's references to private ini- West relations and move Russian for- aren’t a luxuiy; they’re a necessity.’’ Jp - -a JJr^inibeamc^ 

eign policy in directions that Washing- But some people never get the hang of ^guardineth- ‘ 

ton would not like. it — am mnirbwi fr<m, uui I ^Uie kr.' ” . * ;v * Off 


eign policy in directions that Washing- 
ton would not tike. 

Another man who has spent his life 
studying and writing about Russia, 


that they are faced by choice between a the euro bad become synonymous with 
right-wing government they do not tike, fiscal austerity and reform of the state. 


currency, me euro, in were studying ana writing about Russia, 

dropped, apparently out of concern that Deputy Secretary of State Strobe Tal- 
the euro bad become synonymous with bott, has been one of tbe main advocates 


Imj |lii Schwjn/Rnlm 

Mr. Waigel in Boon on Thursday 
discussing the idea of increasing the 


and a Socialist opposition wbose pro- 
gram they simply do not believe in," 
said Alain Touraine, a political scientist 
“How can the Socialists support a free- 


cal austerity and reform of the state, of the new policy. He has argued that 
Only this week has such guardedness Russia has nothing to fear from a bigger 

M, MATrt .1.1 L I III.. 


Sweeney said, “so those heated seats 
aren’t a luxuiy; they’re a necessity.'’ • | 

But some people never get the bang of 
it — they are panicked, trapped in stalls, • 
unable to figure out how to flush. Worse, - 
they find themselves stranded on the 1 
toilet, unsure how to shut off the spray- 
ing bidet and unable to get up without i 
soaking themselves and the bathroom. 

Hubert Igabille, a salesclerk in nearby “ 


started to fell away. Mr. Monory’s state- NATO, although he readily acknowl- Aoyama, said he thought the computer- 
mem was. in French terms, extranrrii- edpp.s that m»nv Rii«i»nc haw »n lu m w . i_iL , 


officers. - w*F»e. : 

h^toped ? e ! i hc ‘* ^ «r 

Saucwfo *iA 

guarding 
It was ii ? 1312 «=ckers. 


market Europe and 


mem was, in French terms, extraordi- 
nary. “I do not believe in the minimum 


a bloated wage in France," he said. “What is 


edges that many Russians have yet to be 
persuaded that this is the case. 

“By expanding NATO buz linking 

>* i — — : j a. ,i i ... 


to the last minute on what course of assessed value of Germany’s gold: 
action to take to meet the critical deficit 


state at home? It is this that explains that better? I am going to shock you, but,is it Russia to ii" be said tite other day in an 


a government whose popularity rating better to have one million unemployed interview, “we are trying to avoid the " Mr. Igabille sees the bathroom gad- 
has hovered around 30 percent seems set young people or pay someone 4,500 errors that were made at the end of getry as a logical extension of hieh-tech 
to win rather than suffer a landslide francs a month instead of 6,000 francs?" World War I and the end of World War Japan, where airoort vacuums whiz 


ized toilet in his shop needed a bilingual 
panel. Some customers take one look at 
the Japanese characters on the control 
panel and decide to skip it, he said. 

Mr. Igabille sees the bathroom gad- 


target for a single currency. Monetary deficit to 3.0 percent of national income. 


onion has threatened a number of big- 
ticket prestige projects in Germany, in- course for a modest overshoot of 3.0 The Socialist Party program calls for a 

uding paying for a new Eurofighter jet. percent requirement," said Holger reduction of the working week to 35 
has also delayed the move of the Schmieding, an economist in Frankfurt hours from 39 without any loss of salary, 
inonal capital to Beilin. for Merrill Lynch. and the creation of 350,000 new jobs in 

“Leaving aside all the technicalities, “Consequently we likely will start the state sector. It equates tbe pressures 
e psychological message is not good," monetary union with a somewhat soft of the global economy with a return to 
id David Marsch, head of European interpretation, of the criteria. And that the cruelty of 19th-century capitalism, 
rategy at Robert Fleming, an invest- leaves Germany without any very good “When people are fired, the stock mar- 


“It indicates to me that we are on defeat to the left." 


SPACE- 

C ° D *Uluerf r.. _ 


^ Ao «- a Joint 


ticket prestige projects m Germany, in- 
cluding paying for a new Eurofighter jet. 
It has also delayed the move of the 


It has also delayed the move of the 
national capital to Beilin. 

“Leaving aside all the technicalities, 
the psychological message is not good,' ' 
saia David Marsch, head of European 
strategy at Robert Fleming, an invest- 


The Socialist Party program calls for a 6,406 francs, or $1,133 a month. 


The currem gross minimum wage is 


reduction of the working week to 35 
hours from 39 without any loss of salary, 
and the creation of 350,000 new jobs in 


ment bank. “Such measures do not seem arguments to keep Italy out if Italy also 
sustainable, and they risk encouraging has a deficit over 3 percent." 


other counties to make use of technical 
loopholes.” 

Another analyst said, “This is going 
to enrage the conservative people in 
Germany because to them it looks tike 
stealing the family silver for a project 


Based on Bonn's fiscal plight, Merrill 


“When people are fired, tbe stock mar- 
ket rises: that is the logic of this cap- 
italism,” it says. 

Tbe position is clear enough. Yet, 


Mr. Seguin, never previously known 
as a free marketeer, followed up by de- 
claring that, “If we have chosen a frec- 
market system, it is because we believe 
that it is the economic system (hat best 
guarantees innovation and creativity." 

The electoral debate remains curiously 
muted. Over half of French people say the 


II: not punitive like ' Versailles, not per- around without human behj, many cars 
missive like Yalta. are equipped with digital displays that use - 

Russia s agreement Wednesday to a satellite technology to plot the driver’s 
fonnaJ relauonship with tbe new NATO- exact location, ana researchers aie plan- . 
to-be, a White House official said, “is ning to use cockroaches fitted with mini- ; 
* >r00 " V? ^8 Wlt “ renewed ature cameras to inspect sewer pipes, 
strength of the reformers in Moscow, that Toto sells about $400 million of high- • 

tins tat I destabilizing Boris Yeltsin." tech Washlet toilets a year, and it es~ i 
U.S. policymakers argue that not ex- timates that it has only half the market - 
panding NATO would have, as one se- here. It has mtimM that ' 


Russia’s agreement Wednesday to a 
formal relationship with the new NATO- 


Lynch recently raised the likelihood of since Mr. Chirac abruptly announced the 
Italy’s joining tiie initial launching of dissolution of Parliament three weeks 


monetary union to a 66 percent chance. 


since Mr. Chirac abruptly announced the But Mr. Chirac seems to be moving to- 
dissolution of Parliament three weeks ward the conclusion that the right can say 
ago and set the two-round election far what it believes and still win. 


election leaves them indifferent and their nior State Department official put it, 
hesitations make the result unpredictable, “catastrophic effects" in Central and 
But Mr. Chirac seems to be moving to- Eastern Europe bv imolvine that 


5-S5S.-S 


panding NATO would nave, as one se- 


Eastern Europe by implying rhar 
countries such as Hungary and Poland 
were consigned permanently to be 


they don’t want to get mto anyway. 

Revalued gold, sales of Bonn's 
Telekom shares and a government 
budget freeze are all possible stop-gap 
measures under frenzied discussion in 
Bonn to plug the budget gaps. Mr. 
Waigel was expected to signal a fresh 


HONG KONG: Legislators Broach Using Territory’s Ample Funds to Develop China 


Continued from Page 1 


The idea of Hong Kong investment 
helping to develop southern China is not 


round of spending cuts at a meeting of a new one. The difference this time is 
coalition deputies Thursday evening. that Hong Kong's public fends are being 

Appearing late Thursday at a press suggested as a means rebuild up Chinese 
briefing in Bonn, Mr. Waigel confirmed territory, which would be governed 


that he wants die Bundesbank to revalue 
its gold holdings, but be declined to com- 
ment on reports in two German news- 


suggested as a means rebuild up Chinese 
territory, which would be governed 
solely by Chinese law. 

There is plenty of government money 
at stake. The Hong Kong Monetary Au- 


Article 106 of the Basic Law promises standards, with private Hong Kong 
independent finances for die Special Ad- money and the participation of the Hong 
ministrative Region, as Hong Kong will Kong government's Housing Authority, 
be known after the transition. “The Mr. Tang dismissed the idea, that such 
Hong Kong SAR shall use its financial an arrangement would violate the Basic 
revenues exclusively for its own pur- Law. “It’s not against the Basic Law 
shall not be handed over because it’s a business deal," he said. 
People's Government." “Besides, it’s efficient because the land 
ays. there is cheaper." 

as if Hong Kong money An independent legislator, Christine 
ta is against the rules. "I Loh, who has in the past voted with pro- 
was ever intended for democracy parties, has supported the use 
□ for Hong Kong to use of Hong Kong funds and investment 


papers andaGexman news agency thai the thority already manages more than $69 
book profits would flow into his coffers, billion in foreign exchange reserves, and 


Transit Railway Corn.,’’ she said, re- 
ferring to the Hong Kong public-trans- 
port agency. “ Why shouldn’t we look at 
it from the point of view of joint Hong 
Kong-Guangdong borrowing?” 

One reason may be that according to 
Standard & Poor’s Corp., Hong Kong's 
credit rating is three notches higher than 
China’s. On Wednesday, the U.S. credit- 
rating agency raised both its Hong Kong 
and China sovereign debt ratings. 

Moody's Investors Service rates 
Hong Kong and China the same. 

Talk of cooperative development 
came as news to a leading pro-democ- 
racy legislator, Emily Lau. 

_ “Anything that could be interpreted as 
diverting Hong Kong funds into the 
mainland or anywhere else would have to 
be looked at very carefully,” she said. 

Hong Kong's public money. Miss Lau 
said, “is something we have to guard 


Later in the day, Mr. Waigel em- 
phasized dial such a revaluation even- 
tually would be necessary prior to the 
start of monetary union, because the 
Bundesbank and other European central 
banks need to appraise their reserves 
before they transfer them to a proposed 
nan-European central bank. 


after July 1 it will also be in charge of the 

$21.9 billion Land Fund, which contains - . . 

the government's share of revenues from teaches law at Hong Kong University, 
the lease of land to private developers. Mr. Tang, who is a member of the 
When a Hong Kong budget is debated, present legi slature. said he had discussed 
tiie question is not whether there will be his proposed development zone with the 
a surplus, but rather how big it will be. Chinese authorities in the neighboring 
The other issue is, would building special economic zone of Shenzhen, 
suburbs in China violate the Basic Law, His plan, which he said was soli in the 
the mini-constitution Beijing has drawn preliminary stage of consideration, calls 
up to govern Hong Kong for the next 50 for building stores, welfare centers, 
vmU* schools and hospitals all to Hong Kong 


to the Central People’s Government." 
the document says. 

That sounds as if Hong Kong money 
going mto China is against the rules. ‘ ‘I 
don’t think ft was ever intended for 
whatever reason for Hong Kong to use 


government funds to develop southern expertise to develop southern China. 
China,” said Niftal Jayawickrama, who “I go further than Henry and Rita," 


Mr Wataei said Germany would meet suburbs in China violate the Basic Law, 
the siogle^^rency criteria the 


shortfall. But private economists voiced 
doubts that Germany can hold its 1997 


said Miss Loh, who has just launched a 
pm-democracy. environmentalist party. 
“I would even like to start looking at the 
possibility for Hong Kong to assist south- 
ern China, to help to build first world 
mass transport infrastructure that is ef- 
ficient and environmentally friendly." 


ncicni tinu rai»uwuiK»umj u.w.imjj. _ saiu, 1 a soraeiiung we nave to guard 
But on the question of financing. Miss very jealousy. That clause of the Basic 
Loh remains vague. Law was put in out of fear that China 

“We can use the model of the Mass would take our money.” 


ning to use cockroaches fitted with mini- ■; 
ature cameras to inspect sewer pipes. 

Toto sells about $400 million of high- ; 
tech Washlet toilets a year, and it es- j 
timates that it has only half tbe market ; 
here. It has expanded that market with 
the Travel Washlet, a portable hand-held • 
bottom-washer. 

Going on a trip where they might not . 
have top-of-the-line toilets? No prob- 1 
lem: Just fill your Travel Washlet with ji 
warm water at home. Then after nature T. 
calls on the road, unfold the little squirt- 
nozzle and wash your behind just like at '■ 
home. At $100 each, Toto has sold 
180,000 of these gizmos in two years. 

Toto now wants a piece of the U.S. ■ 
market, so it is starting with a less ex- .. 
pensive, less complicated model. 

The U.S. Toto is a $600 seat, lid and - 
control panel that attaches to a regular i 
American toilet bowl. 

It features a heated seat, tbe bottom- > 
washer and a fan that “breaks down ‘ 
odorous molecules and returns clean air 
mto the bathroom enviro nme nt." ac- 
cording to a Toto brochure. 

Toto has gone to great lengths to make - 
its toilets, bathtubs and other products 
user-friendly. Thousands of people have ■* 
collected data on the best features of a _ 
toilet, and at the company's “h uman 
engineering laboratory, ' volunteers sit , 
un a Toto bathtub with electrodes } A 
strapped to their skull, to m eas ure brain ^ 
waves and “the effects of bathing on tbe " 
human body.” ' 

A Toto spokesman, Yojiro Watanabi, . 
said the toilets were popular .. 

they made the bathroom a place where ' 
people wanted to relax. 


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k ~ By James RuperT 

t . . tfefa'ii^imi Post Servic e 

LUBUMBASHI. Zaire — In this 
fractious country, where politics has 
oow warped by decades of systematic 
repression and exploitation, it is dif- 
ficult to see who might have real polit- 
ical support and authority. The danger 
for Zaire, many analysts say, is that 
probably no one really does. 

But you would not guess that by 
tumgmg around the headquarters of the 
rebel leader, Laurent Kabila. Here in the 
city that Mr. Kabila has made his base, 
the aura of power already has descend- 
ed. Suddenly. Mr. Kabila is The Man 

Less Chari a year ago, Mr. Kabila was 
an obscure dissident — an angry young 
man grown old and ignored. But seven 
months after he set out to topple Pres- 
ident Mo butu Sese Seko, with his forces 
now apparently within range of cap- 
turing Zaire’s capital, Mr. Kabila has 

advisers, assistants and hangers on 

enough of them char he also has dip- 
lomats and journalists dying to figure 
out who’s in his inner circle. Increas- 
|gly, his visitors arrive by executive 
|k bearing messages from foreign gov- 
ernments. 

For weeks, excitement has grown in 
Lubumbashi amid a belief that, in a vast 
land of natural wealth, power has come 
to Mr. Kabila and those around him. 

That excitement, and the wishful 


BRIEFLY 


thinking that seems to accompany it. 
reached a fevered climax Tuesday 
night. The radio station of Mr. Kabila's 
rebel Alliance of Democratic Forces for 
the Liberation of the Congo reported, 
erroneously, that his troops had cap- 
tured Kinshasa, the capital. 

Lubumbashi residents spilled into 
public squares ro cheer. lines of dancers 
snaked through the streets. Soldiers 
fired their guns in celebration, spitting 
red tracer bullets into the night sky. 

At the Karavia Hotel, a fraying 
former Sheraton near the edge of town, 
people crowded around a television in 
the bar, waiting in vain for confirmation 
of the victory from CNN. 

The Karavia has become a sort of 
marketplace for futures trading in Zairian 
power and wealth. Many of the alliance’s 
top officials — Zaire's apparent new 
power elite — either stay there or drop by 
frequently. As a result, so does anyone 
seeking access to Mr. Kabila, or a good 
business contact, or inside information. 

The lobby and restaurant teem with an 
unlikely mix of people: alliance bureau- 
crats, rebel soldiers toting assault rifles, 
relief workers, souvenir hawkers and 
prostitutes. The bar is often heavy with 
pilots — Russian, Italian and American 
— who fly cargo planes for the alliance. 
Around foe pool diplomats, business- 
men and journalists set up satellite tele- 
phones to call home offices. 

Among those sought after are a hand- 


ful of young men from the Zairian in- 
tellectual diaspora who form the core of 
Mr. Kabila's administration and will 
most likely become ministers in an al- 
liance government. Mwana Maw am - 
panga, an economics professor at the 
University of Kentucky, has returned to 
become the alliance’s commissioner for 
economics and finance. Bizima Karaha. 
a South African-trained doctor, is the 
rebels' foreign-affairs chief. Kcmeolo 
Mwenze, a criminologist from Phil- 
adelphia. is their justice commissioner. 

When such officials appear in the 
lobby or at the poolside, people drift in 
their direction to offer greetings or pull 
them aside for brief, furtive conver- 
sations. 

Among those regularly engaging the 
alliance leaders is Willy Mallants, a 
gregarious, 70-year-old Belgian who 
came to what was then the Belgian 
Congo as a military officer. After in- 
dependence, he worked for years as a 
military adviser to Mar shal Mobutu and 
his army before retiring to Belgium. 

In February, with Mr. Kabila’s rebels 
starting to pose a serious challenge to 
Marshal Mobutu, Mr. Mallants came 
back. Now, he says, he is helping foe 
alliance set up contacts with foreign 
business executives. Last week, Mr. 
Mallants helped arrange a visit by min- 
ing executives, some of whom said he 
also appears eager to discuss business 
deals for himself and his son-in-law. 


r — f j CENTRAL 

CAMEROON V AFRICAN REP. 


ZAIRE 


ZAIRE: Rebels Push to Gates of Kinshasa 


BURUNDI T 


ANGOLA 


Approximate area of rebel control 


While the bureaucracy and formality 
surrounding Mr. Kabila have ballooned 
with his military success, be still ap- 
pears unaccustomed to some aspects of 
being considered an international figure 
— notably foe close attention from U.S. 
business leaders and government. 

When a group of U.S. and Canadian 
investors flew in last week, even Mr. 
Kabila appeared impressed that they 
were accompanied by a member of Con- 
gress, Representative Cynthia McKin- 
ney, Democrat of Georgia. 

Asked for a few words, Ms. McKinney 
said she was happy to be here and would 
work la Washington to help the Con- 
golese people. (Mr. Kabila has vowed to 
restore Zaire's old name, Congo.) 

Mr. Kabila beamed and, for the first 
time in the meeting, he applauded. At that 
cue from The Man, so did everyone. 


Continued from Page 1 

Mobutu to the rebels. South African 
officials say that Mr. Kabila has been 
demanding nothing less than foe im- 
mediate surrender of Mar shal Mobutu 
and his army, while the 66-year-old 
president has insisted on a cessation of 
hostilities and the formation of a con- 
sensus government after which, he 
says, he will resign. 

'Reflecting the increasingly desperate 
air, Zaire’s prime minister. General 
Likulia Bolongo, published an “open 
letter to foe French people” in the issue 
of the Paris daily Le Monde distributed 
Thursday, which read like a thinly 
veiled invitation for a last-minute 
French intervention here. Even in the 
waning days of his rule, France has been 
a constant source of diplomatic support 
for Marshal Mobutu, and has had tense 
relations with Mr. Kabila's rebels. 

On Thursday, smoke could be seen 
rising from the French Embassy here, in 
what was reported to be die burning of 
c onfidential documents about France's 
relationship with Marshal Mobutu. Dur- 
ing army pillaging in Kinshasa in 1993, 
Fiance’s ambassador was killed when 
soldiers reportedly burst into the embassy 
and shot him in lus office. 

Barring an unexpected breakthrough 
in their peace efforts. Western diplo- 
mats said that Marshal Mobutu's return 
home had set the stage for an unpre- 
dictable military seizure of Kinshasa by 
the Kabila forces, which foreign mil- 


itary analysts say appears certain to be- 
gin within the coming hours. 

Almost no one now doubts that Mr. 
Kabila’s forces can quickly take Kin- 
shasa. What remains m deep question, 
however, is foe reaction of Marshal 
Mobutu and the 2,000 or so highly loyal 
and well-armed troops of his Special 
Presidential Division. 

Western military analysts and Zairian 
officers say that the Presidential Guard 
could follow Marshal Mobutu’s orders 
to mount a final defense of foe city, 
which, if ultimately futile, would bring 
fighting inio the capital as early as Fri- 
day, and could set off a repeat of foe 
wildly destructive pillaging by pan- 
icked soldiers of other units that Kin- 
shasa has already experienced twice this 
decade. 

A senior Western diplomat painted a 
picture of Marshal Mobutu, who is in 
foe advanced stages of prostate cancer, 
as being dangerously out of touch, sur- 
rounded in recent days almost exclus- 
ively by close family members, and 
consulting West African marabouts, 
spiritual advisers with supposedly ma- 


“ There are increasingly persistent 
stories of him consulting with mara- 
bouts, which we know for a fact that he 
has done in the past," the diplomat said. 
“The word is that he has been told that 
you need blood in the streets of Kin- 
shasa to revive you. He has gotten this 
kind of advice in the past and acted upon 
iL” 


World Atomic Body Agrees 
To Give Inspectors More Clout 

WASHINGTON — five years after the discovery of 
Iraq’s clandestine nuclear weapons program exposed, 
weaknesses in the international inspection system, die 
United States and more than 60 other countries have 
agreed on new rules aimed at giving inspectors more 
information and access to more suspected nuclear sites. 

"The 35-member board of d i rectors of the International 
Atomic Energy Agency met Thursday in Vienna to discuss 
the issue. The board, the IAEA’s executive arm, is expected 
to vote Friday to adopt the reforms. 

According to a cable describing foe agreement sent to 
x VS. diplomatic missions abroad by Undereecretary of Stale 
1 Peter Tarooff, “this will represent a major step forward in 
providing foe IAEA with the access and information it 
needs ifit is to jxovide credible assurance of the absence of 
undeclared or clandestine nuclear activities.’’ (AP) 

U.S.- Japan Call for Mine Talks 

GENEVA — The United States and Japan urged the 
61-nation Conference on Disarmament to get talks started 
on banning land mines around foe world. 

“Land mines axe wiping our the equivalent of whole 
cities, a few people at a time," John Holmn, foe top U.S. 
disarmament official, told the opening meeting of foe 
summer J session of. foe conference, foe world's main 
forum fix anns^ control treaties. . 

5beJap^seilelegatev'HisaimKHre*oc^sajiigesing^: 1 
talks going for a.ban was * ‘an urgent task-” 

Mr. Holumand Miss KOTokodri also said another issue 
was ripe for discussion: a move to ban the production of 
fissile material — plutonium and highly enriched urani- 
um. — .used to mate nuclear weapons. Miss Kurokoclri 
said Japan would like to sec the “establishment of some 
mechanism on nuclear disarmament.” (AP) 

Lima Police Station Bombed 

LIMA — A car bomb that police say was planted by 
Shming Path guerrillas lipped through a police station 
Thursday, wounding 25 people, including eight police 
officeis. ' 

Television images showed police cut by broken gJass 
befog helped away at the site in Ate-Vitarte, an industrial 
suburb in eastern Lima. 

■»; Interior Minister Qesar Santifedo said three cars were 
involved in foe attack. Guerrillas fo-pne car opened fire on 
’4 police gnardfog the municipal offiites, while a second car 

carrying the bcanb parted in front of the bqfldings. A third 
car carried away foe attackers. 

It was the fmst major guerrilla attack in Peru since 
Tupac Amaru rebels took hostages at foe Japanese am- 
bassador’s residence on Dec. 17, holding them for 126 
days before commandos rescued them. (AP) 

SPACE; Now a Joint Venture 

Continued fromPagel ^ “ 

have raised questions about U-S- National Aeronautics 
foe increased U.S. role here, and Space Admimstrarion of- 
Rus gi a has much to offer for- fidals are concerned that 
eim partners willing to take there could be even greater 
risks: With 25 years’ expe- slippage in foe schedule and 
rience operating m a nned will dorido tins month whefo- 
space stations, for example, er to spend as much as $100 
^scientists have expertise tnflHcm to build a reptecei^t 
and equipment that could take module foal 
foe United States years and temporarily m assembling the 
bfliions of dollars to dnptic- UA 

“We must work together,” setback has 
said General Alexei Leonov, to qaeshra R “f***f £ 
who was the first person to foe project and 
walk in space. “We’D spend struggling nahon will beabte 
jessusing^nr mutual 

Rience. It’s very beneficial for to help build ^ station. 
foe Americans . Y 011 don’t Some mem ber sjif C on gress 
need to invent foe bicycle have renewed 

tin vnu?” foe program, contending it 

^At the heart of foe cooper- will become a financial black 

ative effort is the planet’s hole. 

bi raest space project: the In- The orbiting stanon. al 

now under consfruction in the fields, vrill cost at leasts 
United States and Russia. The bflhon for its 15 partnras, 
■firct units of- foe station are which also include Canada. 
SSZS tor toS next Japan, Britain, Wsr. ft>w 

ywr.withttes^iOTti^tobe ^^^^ (3 ^Some- 

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gripped Russia la ^e Kbnmichev Space 

p- - SSSiJSSJE 

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inesigners to announce an 

eight-noon* dcIa y m . ^ 

completion ; of ^ stations 
crucial service module, ise 
unit, awaiting completion at a 

fectory in Moscow, is the one 

segment of foe sianon foai 


U.S. National Aeronautics 
and Space A dminis tration of- 
ficials are concerned that 
there could be even greater 
slippage in the schedule and 
wmdecide this month wheth- 
er to spend as much as $100 
million to build a replacement 
module that could be used 
-temporarily in assembling the 
station. 

In the U.S. Congress, foe 
setback has prompted critics 
Co question Russia’s role' in 
foe project and whether foe 
struggling nation will be able 
to fulfill its 1993 commitment 
to help build the ' station. 
Some members of Cong ress 
have renewed efforts to scrap 
foe program, c o ntending it 

will become a financial black 

hole. . 

The orbiting station, al- 
most as big as two football 
fields, will cost at least $30 
billion for its 15 partnras, 
which also include Canada, 
Japan, Britain, Italy. France 
and Germany. Floating al- 
most 220 miles (350 kilome- 
ters) above the Earth, it will 
be ible to house six astronauts 
at a time and provide seven 
laboratories. 

At the Kbrumchev Space 
Colter, foe formerly top- 
secret -assembly complex m 
Moscow, two of foe space sta- 
tion’s first four modules are 

under construction. 

The station’s energy block, 
foe first module scheduled for 
launch, is being built by Rus- 
sia, with U.S- funds and wider 
Boeing’s managraneot Near- 
ing completion, it is now in 
foe final testing stage. 


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PAGE 8 


FRIDAY, MAY 16, 1997 


NATO-Russia Pact 


Masking Problems 


While America has been occupied 
other concerns. President Bill Clin- 


by other concerns. President BQl Clin- 
ton has set in motion an epochal change 
in the map of Europe that is now racing 
toward realization. The change is the 
eastward expansion of the North At- 
lantic Treaty Organization, and it 
picked ap momentum Wednesday with 
completion of an agreement to govern 
Russia's relationship with the alliance. 

But as President Clinton declares the 
immin ent arrival of a new era of peace, 
unity and democracy in Europe, die 
American people and the Senate have 
reason to wonder whether NATO ex- 
pansion is necessary or wise. They 
certainly have every right to debate the 
issue before it is settled. 

Fortunately, the constitution antici- 
pated just such a rush to action by the 
White House and gave the Senate the 
final word. NATO enlargement will re- 
quire approval by a two-thirds’ majority 
in the Senate. By the time that vote is 
taken, some of the shine may have faded 
from the relentlessly positive picture 
depicted by expansion supporters in 
Eastern Europe and the United States. 

There is no longer doubt that come 
July, NATO will offer full member- 
ship to Poland, Hungary and the Czech 
Republic. The last obstacle to that in- 
vitation will disappear in Paris on May 
27. when Mr. Clinton and President 
Boris Yeltsin are to sign the newly 
minted agreement on Russia's role. 

But neither the agreement nor 
NATO's invitation will remove the 
numerous problems inherent in expan- 
sion. Russia's role itself remains very 
much in doubt despite Wednesday’s 
announcement At best the accord 
merely papers over vitally important 
disagreements. By masking them, it 
may end up exacerbating the differ- 
ences in the future. 

For one tiling, this particular agree- 
ment is not legally binding on NATO 
and will not require approval by the 
Senate. Administration officials call it 


a “political agreement” which is an- 
other way of saying the United States 
and its European allies can ignore it if 
they feel their security is threatened. 

The specific commitments are 
equally shallow. NATO says it has no 
plan, no intention and no reason to 


place nuclear weapons on the territory 
of new members. That means it can put 


of new members. That means it can put 
nuclear weapons there anytime it de- 
termines they are needed to deter a 
threat. NATO also pledges not to sta- 
tion troops permanently in the nations 
that join, but retains the right to build 
military installations that can be used 
by NATO forces in a crisis. 

The only real commitment the Rus- 
sians won was agreement by NATO to 
consult regularly with Moscow on 
political and security issues and to 
work together whenever, possible on 
matters tike peacekeeping missions. 

Even here, Russia will lack the power 
to block NATO actions it opposes. 

None of this seems likely to assuage 
Russian concerns that a new dividing 
line is being drawn across Europe and 
that this time it will be closer to its 
doorstep. It remains hard to see how 
the expansion of a Cold War mili tary 
alliance will help consolidate democ- ‘ 
racy and free markets in Russia, which 
should be the primary concern of 
Europe and America. 

Beyond Russia's unsettled anxieties 
are potential problems about former 
Soviet-bloc countries that will not be 
offered NATO membership anytime 
soon. The Baltic nations, in particular, 
are justifiably nervous that they will be 
slighted. Romania and Bulgaria, 
hardly the kind of robust democracies 
Americans might want to defend mil- 
itarily, already are talking of NATO 
membership. 

After Mr. Clinton welcomed the 
agreement with Russia with rhetorical 
flourishes Wednesday afternoon. Sec- 
retary of State Madeleine Albright 
traveled to Capitol Hill to brief mem- 
bers of the Senate. She knows the 
debate has barely begun. 

— THE NEW YORK TIMES. 


Tricky Challenges 


NATO and Russia reached an agree- 
ment Wednesday to cooperate more 
extensively. The pact, reached after 
months of p ainstakin g negotiation, sets 
the stage for a May 27 ceremony in 
Paris, which both 1 President Bill Clin- 
ton and President Boris Yeltsin are 
expected to attend, along with other 
government figures from Western 
Europe and Canada. The development 
suggests the feasibility of something 
skeptics have long considered im- 
possible: expanding NATO into East- 
ern Europe without driving Russia into 
a self-defeating isolation. 

It’s worth recalling the rationale be- 
hind this effort. When the Soviet Union 
and its Warsaw Pact collapsed, NATO 
also was depicted as a Cold War relic. 
But NATO remains a force for sta- 
bility, as it has been for five decades. It 
keeps America anchored to Europe and 
Germany peacefully anchored to its 


go far beyond that. Already, die desire 
to join has prompted many countries to 
seek peaceful settlements of age-old 
disputes involving borders and ethnic 
minorities. It has spurred them to es- 
tablish civilian control over their mil- 
itaries, guarantee more openness in de- 
fense budgets and participate in 
international peacekeeping missions. 

To accomplish enlargement without 
undercutting Russia's democrats or 


strengthening its nationalists, who still 
see NATO as a threat, has been the goal 


neighbors. And once you recognize 
NATO's value, there’s no justification 


for excluding those reborn democra- 
cies of Central and Eastern Europe, 
which the Soviet Union forcibly cor- 
doned off and which now want to re- 
sume their rightful places. 

Nervousness about Russia, of course, 
motivates countries such as Poland, 
Hungary and the Czech Republic: after 
SO years of invasion and occupation, 
Moscow could hardly expect otherwise. 
But the benefits of NATO enlargement 


see NATO as a threat, has been the goal 
of the past months of diplomacy. Al- 
though the text has not been made 
public and merits close scrutiny. 
NATO and the Clinton administration 
apparently have persuaded Russia to 
join anew consultative council without 
giving Moscow any power over NATO 
actions in new member countries or 
elsewhere. Engagement is in the in- 
terest of both Russia and the West, but 
many politicians in Russia do not see it 
that way; Mr. Yeltsin deserves credit 
for not sulking and stalking away, as 
they would have him do. 

It’s also important to note that 
NATO, in Wednesday’s agreement, ac- 
cepted no limitations cm future expan- 
sion. That means that nations that won't 
qualify for the first round of enlarge- 
ment this year, including former Soviet 
republics such as Ukraine and the three 
Baltic states, will still be potential 
NATO applicants. Ensuring their se- 
curity remains one of the tricky chal- 
lenges as this process moves forward 
— THE WASHINGTON POST. 


A Modest Vegetable 


As a vegetable, com has never had 
much cachet It sells cheap, gets fed to 
hogs and when eaten in its most de- 
licious form — right off the cob — 
creates a messy spectacle that has long 
made the American people the butt of 
jokes by supercilious foreigners. In 
fact, the only time com seems to get any 
respect in foe more stylish food circles 
is when it's mashed beyond recognition 
and formed into things with exotic 
names such as. polenta, tortillas or ta- 
males (but definitely not grits). 

Perhaps that will change with a re- 
port out this week from agricultural 
researchers who have determined that 
com may lead the way in developing a 
defense against insect pests. Accord- 
ing to a report from The Associated 
Press, the researchers found that com 
reacts to a caterpillar secretion called 


volicitin by releasing a chemical of its 
own that attracts very tiny wasps. The 
wasps destroy foe caterpillars (depos- 
iting their eggs in the caterpillar Bod- 
ies) and thus save the com. “This is 
essentially an alliance between foe 
wasp and foe plants against herbivor- 
ous insects." according to J. H. Tum- 
linson of the Agricultural Research 
Service in Gainesville, Florida. As 


such, it has important implications for 
protecting other vegetables, with far 
less use of pesticides. 

Com, unlike more fashionable vege- 
tables, will neither seek nor receive 
much attention for this accomplish- 
ment. Unlike other conquerors, com 
has no further territorial claims. It 
might be a good idea, though, to keep 
an eye on what foe wasps are up to. 

— THE WASHINGTON POST. 


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EDITORIALS/OPINION 


Don’t Believe That Central Bankers Know Best 


N EW YORK — Next week, when a 
Federal Reserve Board committee 


Federal Reserve Board committee 
meets behind closed doors to discuss 
interest races, foe press will be ex- 
pectantly crouched By the keyhole. 

Is there another kind of government- 
al planning body whose deliberations 
inspire even a small charge of elec- 
tricity, let alone reverence? 

The veneration of central banks is 
foe idolatry of foe 1990s. 

Enjoying ultra-low unemployment 
in foe United States. Americans wor- 
ship and fall down. Yet — strange to 
tell — Germans seem to think no less of 
their own central bank despite record- 
high unemployment in Gennany. 

It strains belief that the Fed could, by 
imposing a single interest rate on an 
increasingly deregulated financial sys- 
tem. cause a $7.9 trillion economy to 
move obediently in foe desired direc- 
tion — or keep an $8 trillion stock 
market from falling out of the sky. 

The most trenchant tec hnical crit- 
icism of central economic planning was 
that the planners couldn’t know enough 
to see into the future. The same holds, 
with equal force about central banking. 

Yet in this heyday of free markets, 
central bankers and the currencies they 
manage have never been more trusted. 
The stupendous bull market, foe ap- 
parently endless economic expansion 
and tiie historically moderate inflation 
rate are things of wonder. Well, some- 
body must have caused them. Some- 
body, certainly, would be blamed if 


By James Grant 


foe 1980s, there was no deflation, but 
rather " ’disinflation.' ' merely a slower 


Tonga. S3o Tomd and Principe, and the 
Solomon Islands. 

When, in its fourth day of existence, 
Britain's Labour government conferred 
on the Bank of England a new measure 
of autonomy in setting British interest 


rate of price increases. 

The Volcker Fed inherited an infla- 
tionary mess, but by 1987, when Mr. 
Greenspan took over, it bequeathed one 
of another sort: asset inflation, caused m 
part by a series of Fed-engineered in- 
terest rare reductions in 1986. Mr. 
Greenspan was faced with a case of 
overblown- prices in foe stock market 
(and in the real estate and art markets) 
rather titan at foe checkout counter. 

The excesses, which cropped up 
globally, were most vividly on display 


rates, it cast its lot with governments 
around foe world. Central banks, foe 


around foe world. Central banks, foe 
Labourites implied should be above 
petty politics. Drinking in foe news, foe 
London financial markets surged 

Likewise, foe Japanese government 
is moving to confer a measure of in- 
dependence on the Bank of Japan. And 
the nations of a possible European 
Monetary Union are said to envision a 
future European central bank along the 
lines of foe fiercely independent Ger- 
man Bundesbank. 

There is just one thing wrong with 
this monolithic consensus about the om- 
niscience and omnipotence of central 
banks: It is almost certainly wrong. 

The only certainty about 20th-cen- 
tury monetary arrangements is their 
change ableness. No monetary system 
has lasted much longer than a quarter 
century. The classical gold standard 
died in World War I. Its successor, foe 
road-show gold standard (foe so-called 
gold exchange standard), sputtered out 


The new idolatry has 
already changed the 
behavior of individuals 
and corporations in 
ways that will contribute 
to the next downturn. 


during the Depression. A still more 
free -form gold standard, Bretton 


they went up in smoke. 
In America these d 


In America these days, praise or 
blame seems to fall on one head more 
than on any other, that of the Fed's 
chairman, Alan Greenspan. 

And so it goes around foe world. 
There is a global bull market in foe 
institution of money management. An 
“independent" monetary authority 
has become foe intercontinental ideaL 
Independence, in this context, means 
liberation not only from gold bullion, 
which used to anchor foe dollar, but 
also from politics. 

Even foe politicians are prepared to 
believe that central bankers know best 
(or. at the least, that it would be in- 
expedient to suggest that they don't). 
Certainly, there are enough central 
banks: 171 in all, not forgetting those of 


free -form gold standard, Bretton 
Woods, came a cropper in foe inflation 
of foe early 1970s. The current pure 
paper standard — in the Fed’s case, a 
system based on foe manipulation of a 
single interest rate, foe federal funds 
rate — can therefore be considered 
almost long in foe tooth. 

Yet it, too, seemed to have no future 
at all on Aug. 6, 1979. foe day Paul 
Volcker took over the apparently thank- 
less job of leading the FecL Inflation was 
then shortening foe shelf life of money 
foe world over. By the fall of 1981, 
long-term United States bonds had to 
yield IS percent to find any buyers. 

Then, a miracle: The high interest 
rates set by foe Fed brought inflation 
down. What is largely ignored, 
however, is that foe high rates did not 
bring about an actual fall in prices. 
Historically, rising prices had gener- 
ally been followed by falling ones. In 


in Japan. Falling interest rates and a 
depreciating dollar (foe latter helpfully 
engineered by the Reagan administra- 
tion) contributed to one of foe zaniest 
and ultimately most destructive spec- 
ulative episodes in history. Japan, its 
Kinks devastated by bad loans, is still 
trying to recover. 

So is foe world. In the 1990s a kind 
of deflationary undertow tugs at many 
countries* economies almost eight 
years after foe Japanese crack-up. Cen- 
tral banks, compticit in foe asset in- 
flation of foe 1980s. are now foe not 
wholly deserving beneficiaries of the 
disinflation of foe 1990s. 

To be sure, consumer price inflation 
is setting new low readings almost 
everywhere. Before giving uncondi- 
tional thanks for this blessing, however, 
we might pause to reflect on its prob- 
able future costs. 

In central banking, as in so many 
other human endeavors, underdoing it . 
leads to overdoing iL and vice versa. In 
Germany, Japan and Switzerland, cen- 
tral banks have pushed interest rates 
down to record, or near-record, post- 
war lows. It is telling that these heroic 
measures — modeled in part cm foe 


Fed's efforts — have so far failed to 
revive their moribund economies. 

What central banks can do is- ma- 
nipulate domestic interest rates. 

What they can’t do is what American , 
entrepreneurs have so often success- 
fully done: create jobs, build software 
companies, rehabilitate office build- 
ings that should never have beat built 
in die first place. 

The suppression of interest raies. of 
course, can be highly -inflationary — 
both for foe prices of financial assets 
and the reputations of central bankers.^ 

“Remember the glut of Japanese 
bank money foal swept the world in the 
1980s and led to foe staggering bad loan 
problem that now hobbles foe nation’s 
banks?” The Wall Street Journal asked 
the other day. “Well, foe Japanese banks 
are at it again — this time m Asia.” 

Despite clear signs of a new lending 
riot, there is no shortage of economists 
who are prepared to reassure us that the 
business cycle is dead. 

Any thing is possible, of course. It 
seems to me, however, that foe new. 
idolatry has already changed thebe- 
havior of individuals and corporations, 
in ways that will contribute to the next s 
downturn. 

Believing devoutly in central banks, 
investors have assumed more risk, than' 
they would have taken in a more sus- 
picious frame of mind. Seizing on their 
ability to borrow at low rates, corpo- 
rations have overspent on capital proj- 
ects ranging from automobile planes to 
semiconductor factories. Trusting im-. 
plicitly in paper money, bankers and 
bondholders have apparently failed to 
draw any alarming, or even cautionary, 
conclusions from the recent plunge in ; 
the dollar exchange rate. 

Only a Puritan could quarrel with 
easy credit, sky-high stocks and vin- 
tage champagne. But there should be no 
mistaking these time-honored symp- 
toms of lax monetary policy with the 
permanent genius of central bankers. . 



The writer, editor of Grant's Interest 
Rate Observer, is the author of 
“The Trouble With Prosperity: The 
Loss of Fear, the Rise of Speculation 
and the Risk to American Savings." 
He contributed this comment to The 
New York Times. 


In the Mideast, the Internecine Wars Are the Ones That Matter 


W ASHINGTON — On Is- 
rael’s Independence Day 


vv reel’s Independence Day 
foe army chief of staff, Amnon 
Shahak, was asked by the Ye- 
dioth Ahronofo newspaper 
whether he was more worried 
about the eroding status of foe 


By Thomas L. Friedman 


Israeli Army in the eyes of foe 
Israeli public or by Syria's 


Israeli public or by Syria's 
steady buildup of missiles and 
chemical weapons. 

General Shahak answered: 
"Neither.” 

"What really troubles me," 
he said, “ is foe dissension with- 
in Israeli society, which in re- 
cent weeks has gained danger- ’ 
ous momentum. 

“I have no doubt that this 
weakens us a lot. I am referring 
to the differences between Zion- 
ists and non-Zionists, between 
religious and secular, between 
Sephardim and Ashkenazim, 
between left and right. We can- 
not allow ourselves to let these 
arguments penetrate into the 
minds of our youth and affect 
their motivation." 

General Shahak’ s remarks re- 


mind us that foe really important 
wars today involving Israel, 
Egypt Jordan. Algeria, Pales- 
tine, Turkey and Morocco are 
the wars inside these countries, 
not among, them. When foe 
Arabs and Israelis were at war, 
foe issue was whether Israel 
would coexist with the Arabs. 
On this foe Arabs were united 
against foe Israelis united in 
favor. But foe Arab-Israeli war 
is over now. The issue today is 
how Israel will coexist with foe- 
Arabs — in an unhappy cease- 
fire or with real peace and nor- 
malization? On this question 
both Israeli and Arab societies 
are deeply divided. 

In the Arab world, the internal 
struggle pits on one side those 
who want to open their societies 
and link up with foe global econ- 


omy. They view peace with Is- 
rael not as a good thins in and of 


rael not as a good thing in and of 
itself, but as a necessary ritual if 
they want to really attract for- 
eign investment and U.S. assist- 


ance to modernize their coun- 
tries. Against them are arrayed 
those forces in the Arab world 
that view modernization as a 
threat — from bureaucrats who 
fear they will lose their power to 
private businessmen, to funda- 
mentalists and intellectuals who 
fear they will lose their identity 
to foe mixmaster of raoderni- 
zation-Americanization. 

This group views peace with 
Israel as simply foe most odious 
element of modernization. 

In Israel there is a similar 
internal war, in which peace 
with the Arabs is bound up with 
how Israel will relate to the 
world generally. It bas grown so 
sharp- that foe Israeli philoso- 
pher David Hartman now warns 
about foe “new partition of Is- 
rael” — between an ultra-Or- 
foodox Israel with its capital in 
Jerusalem and a secular Israel 
with its capital in Tel Aviv. 

The same ultra-Orth odox 
forces in Israel that oppose foe 


peace process because they see it 
as another form of assimilation 
that will only bring Israel more 
Pizza Huts. Blockbuster Videos 
and smut-ridden cable channels 
are the same ultra-Qrthodox 
who want to pass a law de- 
legitimizing Conservative and 
Reform Judaism. For foe ultra- 
Orthodox, Pizza Hut. the peace 
process and Reform Judaism are 
all the same thing — vehicles 
that promote assimilation and a 
loss of Jewish identity. 

Tragically, too few U.S. Jews 
understand this. They think the 
battle for Jerusalem is with foe 
Arabs. That war is over. Jeru- 
salem will be controlled by the 
Jews. The real issue is whether 
Jerusalem will be controlled by 
Jews who see it as a city of 
tolerance and pluralism, where 
evety stream of Judaism is 
treated as legitimate, or whether 
Jerusalem will be controlled by 
Jews who want it to be a ghetto 
that says no to the modem world 
— the sister city of Tehran. 

“The issue in Jerusalem is 


not simply whether the Arabs 
are being excluded, it's whether 
foe Jews are being Included — 
whether Israel is building a Je- 
rusalem where all Jews will feel 
welcome and legitimate," ob- 
serves foe Middle East scholar 

Stephen P._Cohen. 

while American Jews areout 
buying newspaper ads defend- 
ing Israel’s right to build hous- 
ing in any Arab district of Je- 
rusalem, they have failed to : 
notice that an increasing number 
of Israelis don't feel Jerusalem is 
their spiritual capital anymore. It 
may be where foe government 
sits, but it is not a place they feel 
comfortable living in or visiting 
because of the increasing dom- 
ination of ultra-Orthodox over 


the city’s fife. That’s why Gen- 
eral Shahak is right The de- , 
cisive wars are inside now. Who 
wins foe Jewish-Jewish battle 
for Jerusalem, and who wins the 
Arab- Arab battle over modern- 
ization, will determine how the 
Arab-Israeli conflict ends. . ly 

The New York Times. 


It Might Be Better if the Africans Settled Their Own Accounts 


P ARIS — To understand 
what is happening now in 


1 what is happening now in 
Zaire it is necessary to know 
what happened before. The 
postcolonial power struggle of 
the 1960s. and certain ethnic 
and tribal rivalries that antedate 
the exploration and coloniza- 
tion of the Congo basin and the 
kingdoms of Rwanda and Bu- 
rundi, are being re-enacted. 

It is possible to interpret 
events since 1994 as a recon- 
quest of Rwanda and eastern 
Zaire by those ethnic groups 
that dominated it when colo- 
nialism arrived. The colonial 
powers found it convenient to 
patronize traditional rulers and 
aristocracies, ruling through 
them. 

That ended in Rwanda with a 
Hutu uprising in 1959 and a 
UN-sponsored election and ref- 
erendum in 1961. Democracy 
confirmed the overturn of tra- 
ditional order. Hutu ruled. The 
old order now has been re-es- 
tablished. 

TOie reciprocal massacres by 
which foe struggle has been 
conducted since 1994 — which 


By William Pfaff 


minister. Joseph-Ddsirfi Mob- 
utu, promoted to colonel, be- 
came secretary-general of the 
presidential council. 


In the political struggle that 
ill owed between Mr. Lum- 


foe UN says go on. with foe 
wretched Hutu refugees now 


wretched Hutu refugees now 
scattered in the forests of cen- 
tral Zaire foe latest victims — 
would seem attempts by both 
sides to accomplish what his- 
tory would describe as foe final 
solution. 

The actors in the affair are 
veterans. President — “Mar- 
shal" — Mobutu Sese Seko 
Kuku Ngbendu Wa Za Banga. 
bom Joseph-DfeirS Mobutu in 
1930. son of a cook, became a 
sergeant in foe colonial gen- 
darmerie. and then a journalist 
for a Belgian publication. 

When Belgium abandoned 
the Congo, two anti-colonial 
activists, Joseph Kasabuvu and 
Patrice Lumumba, became, re- 
spectively, president and prime 


followed between Mr. Lum- 
umba, identified by the United 
States as a Communist pawn, 
and Mr. Kasabuvu. Colonel 
Mobutu astutely profited, find- 
ing support from foe CIA as 
America's man in the Congo. 

He seized full power in 1965, 
suspended the constitution and 
dissolved Parliament. In deal- 
ing with subsequent protests he 
had students snot, arrested un- 
ion leaders, ended the- right to 
strike, tortured opponents and 
forbade political parties other 
than his own. 

Die Congo — renamed 
* ’Zaire ' ’ as pan of the new dic- 
tator's “Africanization” of his 
country — was a principal 
source of uranium for U.S. nu- 
clear weapons as well as an 
immense reserve of other min- 
erals. Mr. Mobutu enriched 
himself, so that by the 1950s he 
was plausibly described as pos- 
sessing a personal fortune equi- 
valent to his country's foreign 
debt. 

The United States as late as 
1993 defended Mr. Mobutu 
against liberal pressures arising 
from foe Zairian National Con- 
gress. assembled in 1991 under 
international influence to draft a 
new constitution and prepare a 
transition to democracy. The 
United States insisted that Mr. 
Mobutu continue to “share" 
power, which resulted in his 
evisceration of the democracy 
movement. 

Laureni-D&inS Kabila, lead- 
er of the rebellion in Zaire, was 
active in the anri-Mobutu up- 
risings of foe early 1 960s, when 
some 100,000 people died. 


Those had a regional and ethnic 
character, as does Mr. Kabila's 
movement today. 

Mr. Kabila once called him- 
self a Marxist. A very patient 
one, he now has his revenge on 
Mr. Mobutu — thanks to foe 
new Tutsi government in 
Rwanda, which has sponsored 
him but from which he now is 
attempting to detach himself. 

America's interest in Zaire 
was fading in the 1990s as the 
Cold War wound down, and 
France, for reasons difficult to 
comprehend, chose to make it- 
self political and moral guar- 
antor of foe status quo in Zaire, 
as in Rwanda. Its economic in- 
terest in Zaire was slight, com- 
pared with that of foe United 
States, Belgium or South 
Africa, and Rwanda is impov- 
erished and without resources. 

France's interest seemed 
chiefly political, to incorporate 
all foe former Belgian colonies 
into the French-speaking Afri- 
can bloc Paris has led since foe 
1960s. It was a disastrous de- 
cision, which led France to be- 
come patron not only of foe 
Mobutu regime but of foe Hutu 
government in Rwanda that car- 
ried out the genocidal massacre 
of Tutsi in 1994. 

France’s subsequent inter- 
ventions have been humiliating 
failures, including its acquies- 
cence in Mr. Mobutu's recruit- 
mem of a European mercenary 
force earlier this year. 

Cut out of the diplomatic 
endgame in Kinshasa, foe 
French now fret about a plot to 
spread “Anglophone” influ- 
ence, as if the European lan- 
guage spoken by Africans had 
serious human consequence, 
and report with delectation that 
the U.S. Mineral Fields group 
— based in Hope, Arkansas, 


President Bill Clinton's birth- 
place — has already signed a 
billion-dollar mineral rights 
contract with Mr. Kabila. 

Someone has certainly fin- 
anced Mr. Kabila's movement, 
as someone financed the Tutsi 
movement that invaded 
Rwanda, and someone paid for 
foe multinational “Tutsi Le- 
gion.” trained and logistically 
supported by Uganda, which 
according to foe newspaper Le 
Monde has backed Mr. Kabila’s 
conquest of eastern and central 
Zaire. 

But no outside force is now in 
control. The Tutsi in Rwanda, 
foe triumphant Mr. Kabila in 
Zaire and foe dying Marshal 


Mobutu are none of them doing 
what they are told. Mr. Mobutu 
refuses to yield. Mr. Kabila re- 
jects mediation or compromise. 
South African and American 
diplomatic intervention has 
been rebuffed. 

The Africans are in control of 
this tragedy. It is a bad and 
savage tragedy, without cath- 
arsis — like Shakespeare's Tit- 
us Andronicus. 

But after the murderous cyn- 
icism with which they have 
been treated by Americans. 
Belgians and French, who can 
say now that Africans should 
not settle their own accounts? 

International Herald Tribune 

© Los Angeles Times Syndicate. 


IN OUR PAGES: 100. 75 AND 50 YEARS AGO 


1897; The Tiniest Dog 


CHICAGO — The smallest dog 
in foe world. Chico by name, is 
honoring Chicago with its pres- 
ence. The miniature canine 
came to town with foe “Parlor 
Match” company, now playing 
at the Great Northern Theatre, 
and is the property and pel of 
Anna Held. Chico weighs 
sixteen ounces and is small 
enough to be caught in a 
mousetrap. He is a blue-tan 
Mexican dog. bald as a broom 
handle, and keeps the Parlor 
Match people busy looking for 
him when he roams into dark 
comers of the stage. 


a simultaneous match. The Cu- 
ban wizard crumpled foe de- 
fence of most of his opponents 
in rapid order, but foe large 
audience applauded warmly 
when Senor Capablanca aban- 
doned to M. Pape. 


1947; Startling Figures' 


LONDON — Britain's Regis- 
trar General said tonight [May 
15] that foe government was 
startled to discover from 1938- 


39 statistics, just published, 
that one-sevenfo of foe nation's 


1922: A Chess Upset 


An unexpected and decisive 
victory by M. Pape was foe fea- 
ture of the chess match held in 
foe Paris ‘'Excelsior”, in which 
Senor Jose Capablanca. chess 
champion of the world, met 
forty of the strongest players in 


expectant mothers in that year 
were unmarried at the time of 
conception. “This is a fact re- 
ferred to as sufficiently startl- 
ing to be of more than stat- j. 
tstical significance.” the Reg-# 
istrar commented in the first ' 
commentary on the vital stat- 
istics published since foe war. 
But. foe government added, 
nearly 70 per cent of foe births 
were regularized by marriage 
before they occurred. 


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HVTERiVATIONAL HERALD TRIBUNE, FRIDAY MAY 16, 1997 


PAGE 9 


OPINION/LETTERS 


Partisan Starr Doesn’t Fit 
Independent Counsel Bill 


^ By Richard Cohen 

XTTASHINGTON — Once 
TY. “P° n a time. 1 had a vision 


■ TO *oiugy * Nj 


- - . _ had a vision 

or Kennern Starn conservative, 
prudent, wise and passionate 
about the law. The name alone. 
Stair, seemed virtually cosmic 
and, of course, the man was men- 
tioned whenever a vacancy oc- 
curred on the Supreme Court 
Now, though, all that has 
changed. When I think of the 
Whitewater independent counsel, 
it is a man who even AJfonse 
D Amato characterized as parti- 
san. “It’s become very politi- 
cized." he said last month of the 
investigation. “People don't have 
any great confidence in it.” 

For once, I agree with Mr. 
D Amato. Mr. Starr has turned an 
office that has a tradition of non- 
partisanship into what seems an 
adjunct of the Republican attempt 
to eitherget President Bill Clinton 
so weaken him that the next 
sident will be a Republican. 

_ le independent counsel has con- 
tinued to contribute money to Re- 
publican causes, speak at Repub- 
lican events and conduct himself 
as if he were running for office. 

Just recently, for instance, he 
characterized the White House’s 
refusal to turn over certain notes 
as an “impediment” to his in- 
vestigation and said White House 
lawyers were “duty bound” to 
comply with his subpoena. He 
made these comments, in what 
has become typical Stair fashion, 
in a speech to Arkansas news- 
paper editors. To my mind, he 
should -have kept his mouth shut 
and pressed his case in court 
And court — the Supreme 
Court in fact — is where this issue 
is likely to wind up. What Mr. Stair 
portrays as mere White House 
petulance involves an important 
issue of both law and tradition. 

- The notes in this case were 
taken at two meetings with Hillary 
Rodham Clinton. At both, her per- 
. vsonal lawyers and government 
Yllawyers were present Because 
some of the lawyers were on the 
government payroll, Mr. Starr 
thinks he is entitled to the notes. 

Well, maybe he is. That's not the 
view, though, of the first federal 
judge who heard the case nor of the 
appeals court judge whose two col- 
leagues outvoted him. (On the fed- 
eral bench, the issue is tied, 2 - 2 .) 

And, of course, it was not the 
view either of that former Rose 
Law Firm partner, Mrs. Clinton. 


nor of the White House legal staff. 
If it were, they would have been 
more careful about who was 
present at the two meetings or — 
as is increasingly the case in Wash- 
ington — taken no notes at all. 

So what we have is a difference 
of opinion. The route the White 
House has chosen to take hardly 
constitutes what might be called 
an “impediment” — not reason. I 
think, to complain 10 the press. 

But Mr. Starr’s speech was typ- 
ical for him. Instead of being quiet 
as the proverbial church mouse, 
he has proclaimed his commit- 
ment to the Republican Party by 
persisting in partisan causes and, 
of course, making an occasional 
speech. In addition. Mr. Starr has 
continued to practice law. 

The upshot is that Mr. Starr, 
who is being paid about $115,000 
a year by Uncle Sam, can no 
longer be viewed as a totally dis- 
interested government lawyer. In- 
stead. he looks like someone with 
an ideological commitment to a 
certain outcome. Rather than ap- 
pearing steadfast and impeccably’ 
fair, he has instead seemed a bit 
flaky and hardly impartial. 

Earlier this year, he announced 
that he would join the faculty of 
Pepperdine University, a position 
created in part with money from 
Richard Mellon Scaife. die Mellon 
heir and benefactor of right-wing 
causes. Mr. Scaife gave Pep- 
perdine $ 1.1 million — and almost 
everyone else gave Mr. Starr grief. 
With obvious reluctance. Mr. Starr 
capitulated and said he would re- 
main as independent counsel. 

He should reconsider his recon- 
sideration. He has conducted both 
himself and his office in a fashion 
that suggests partisanship and a 
mind made up. He is. after.all, no 
mere district attorney, some hack 
with a determination to use his 
office to gain even higher office, 
but a still relatively rare indepen- 
dent counsel, charged with the 
most solemn of afi obligations — 
to determine whether the president 
orhis wife has broken the law. This 
is no task for some party hack. 

If something grievous has been 
done and either Bill or Hillary 
Clinton is going to be fonnally 
accused of something, then the 
mao bringing those charges must 
enjoy the respect and confidence 
of most Americans. Ken Starr was 
once that man. He no longer is. 

The Washington Post. 





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nruK?-Jusr 
TRYTOSWOUT 
FR3W UNDER IT. 




‘ Progressive Parenting 9 
And the Rise of the Brat 


By Bill Maxwell 


LETTERS TO THE EDITOR 


Lethal Land Sales 

Regarding “A Deadly Price for 
Land?" (May 13) and “Listen to 
This Palestinian Warning to Pal- 
estinians" ( Opinion , May 12) by 
A.M. Rosenthal: 

Regardless of the moral and 
legal arguments for Jews' right to 
residence in the West Bank, the 
statement of the Palestinian Au- 
thority's justice minister, Ffeih 
Abu Medein, on selling land to 
Jews is redolent of the European 
medieval church and of Hitler’s 
“Mein Kampf.” 

How does this latest example of 
PLO anti-Semitism square with 
Chairman Yasser Arafat's commit- 
ment to the Oslo peace process? 

The Palestinian Authority's 
campaign to eliminate Palestin- 
ians on spurious charges of land 
sales to Jews is incitement in the 
spirit of the ostensibly - nullified 
Palestinian Charter, which calls 
for the physical extermination of 
the Jewish state. 

SHIMON SAMUELS. 

Pans. 

The writer is director for in- 
ternational liaison of the Simon 
Wiesenthal Center. 

I am frankly not surprised or 
shocked by the Palestinian justice 
minister’s warning that Palestin- 
ians wbo sell land to Israelis will 
be executed. Over the last century, 
the Palestinians have seen their 


land disappear, partly as a result of 
sales for prices many of diem just 
couldn’t refuse, but mainly as the 
result of outright seizures and 
European power politics. 

For example, the area of Jabal 
Abu Ghneira in East Jerusalem — 
which is being built on by Israelis, 
who call it Har Homa — was 
originally purchased from Pales- 
tinians. 

Given the situation of the Pal- 
estinians, their backs to the wall 
and no prospect in sight of a just 
and fair deal, it comes as no sur- 
prise that the Palestinian Author- 
ity would resort to such draconian 
measures. 

AHS AN AHMED. 

Dhaka. Bangladesh. 

U.S. Belligerence 

Regarding “What Does Clinton 
Do if Tehran Proves Guilty?" 
(Opinion, April 17) by Jim Hoag- 
land: 

I was stunned by die arrogant 
and belligerently dangerous tone 
of this article. 

It seems dial in the power va- 
cuum of today's world, America is 
taking its role as global policeman 
a bit too far. Whip die Arabs, hit at 
the weaker nations, close an eye to 
tyranny in * ‘partner” countries — 
China or Israel, for example. 

The cavalier way that various 
forms of retaliation were dis- 
cussed in the article brought to 
mind America’s still-festering re- 


sentment of Iran's one-upman- 
ship in the 1979 hostage crisis. 
The article also never presented 
any proof of Iranian guilt in the 
1996 Khobar Towers bombing in 
Saudi Arabia. Who has provided 
evidence of complicity? Such un- 
substantiated “proof' probably 
comes from the frequently bum- 
bling Pentagon, FBI or CIA. 

Of course Iran is ruled by a 
devious, ruthless regime. But 
American retaliation would not 
topple it, only unite the nation 
against foreign intrusion. Has brute 
force deposed Iraq’s Saddam Hus- 
sein, Libya's Mbammar Gadhafi 
or Cuba's Castro? It has only de- 
prived and hurt innocent citizens. 

N. JNGWERSEN. 

Geneva. 


No Blessing 


Regarding “In Minimalist 
Washington, the Economy Dic- 
tates the Politics" ( Opinion , May 
14) by David S. Broder, arid 
“Clinton Is Making Bush Look 
Good' (Opinion, May 14) by 
Maureen Dowd: 

Both articles regret the passing 
of die days when there were more 
movers and shakers — when 
times were more interesting. Let 
us never forget that for the ma- 
jority of the human race, “May 
you. live in interesting times” is 
not a blessing but a curse. 

JOHN E. RAY. 

Paris. 


S T. PETERSBURG, Florida — 
After the little brat had nearly 
smashed my laptop computer. I 
decided that enough was enough. 

I was at the airport in Birm- 
ingham, Alabama, for a flight 10 
St. Petersburg. The boy, about 6 
years old, and his younger sister 
had been chasing each other 
around the rows of seats. 

Other passengers also seethed 
in anger as the mother primly sat 

MEANWHILE 

and adoringly observed her 
urchins. 

“Get away from here,” I said 
after the boy plunged into me, and 
sent my computer falling to the 
floor. 

Resenting the woman's smug- 
ness, I said: “Can't you control 
your kids?” 

She grabbed her luggage, 
gathered her little darlings and 
walked to the other side of the 
waiting area. There, she embraced 
die boy. kissed him and rubbed his 
head. Never mind his behavior of 
a few moments earlier. She treated 
him like the innocent victim. 

Several other passengers com- 
plimented me for getting rid of the 
rowdy duo. which assuaged some 
of the guilt I was be ginnin g to 
feel. 

But why am I feeling guilty? I 
asked myself. Thai mother should 
feel guilty for having reared such 
self-absoibed kids. 

The fact is that too often, par- 
ents let their children act up and 
make others miserable. 

Call me old-fashioned if you 
like, bur I am convinced that 
America's new way of child-rear- 
ing, a trend that the family psy- 
chologist John Rosemond calls 
“progressive parenting,” harms 
more children than it helps. 

Under progressive parenting, 
concocted by mental-health pro- 
fessionals, the goal is to create 
children wbo “feel good” about 
themselves. Mr. Rosemond writes 
in an article titled “Hurting 
Youngster's Feelings Isn’t Neces- 
sarily a Bad Thing.” 

Mr. Rosemond, who has two 
adult children and has been mar- 
ried for 27 years, dubs tins new 
approach the “Tower of Parent- 
Babble” and argues that it has 
replaced the age “when common 
sense ruled the rearing of chil- 
dren. [when] parents held children 


accountable for their behavior.” 

In the past, he writes, parents 
knew that in the “real world” a 
person must act properly many 
times and over many years before 
reaping benefits. 

Acting badly, however, tends to 
bring negative consequences im- 
mediately. 

As a result, parents, along' with 
teachers, generally did not award 
special praise to children for being 
good — or normal. Punishment 
was quick and severe, though, for 
misbehavior. 

“Progressive” parents, on the 
other hand, go out of their way to 
make their children feel good 
about themselves — even 10 the 
point of praising failed efforts. 

In no way. the litany goes, 
should children feel baa about 

Americas new way 
of child-rearing 
harms more children 
than it helps. 

themselves or about anything. If 
parents inadvertently make their 
kids feel bad, they redeem them- 
selves with lavish praise or gift- 
giving . 

Such extraordinary compensa- 
tion is harmful, Mr. Rosemond 
writes. 

Children who hurt others 
should be told that their behavior 
is bad and should be punished if 
necessary. 

The results of our new child 
rearing? In Mr. Rosemond’s opin- 
ion, we have far too many children 
who “refuse to accept responsi- 
bility for their misbehavior, feel 
they should be rewarded for any 
work, no matter how mediocre, 
and are generally self-absorbed 
and disrespectful." 

We parents created the condi- 
tions that absolve children of re- 
sponsibility. Only when we adults 
return common sense to raising 
children will we stop producing 
youngsters who behave as they 
please — even in crowded public 
places. 


The writer is an editorial writer 
and columnist for the St. Peters- 
burg Tunes in St. Petersburg, 
Florida. This comment was dis- 
tributed by New York Times Spe- 
cial Features. 


4 


Romanian 

Investment 

Summit 


Bucharest October 29 & 30, 1997 

Romania is increasingly attracting the attention of the international investment 
community. To assess future investment potential and to highlight the progress 
Romania is making in its bid to position itself as one of the more exciting 
investment opportunities in the world, the International Herald Tribune is planning 
to convene a major investment summit in Bucharest on October 29 a 30. 

President Emil Constantinescu will give the opening keynote address of the 
"Romania Investment Summit.” Other speakers wiU include key members of 
Romanian government and business as well as business and financial leaders 

from around the world. 


To ensure that you do not miss this very special eveni 
; • please contact 1 our conference office for further details. 

Brenda Erdmann Hagerty 

Herald Tribune Conference Office, 63' Long Acre, London WC2E9JH 

Fax: (44 ml 0717 B-mofl: btamvtauor 




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INTERNATIONAL HERALD TRIBUNE, FRIDAY, MAY 16, 1997 



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international herald tribune 

FRIDAY, MAY 16 , 1997 a*vJBL/ 1 YE 


DINING 


* In New York, 
Tastefulness 
Triumphs 

An Alsatian Chef 
Reinvents Classics 


By Patricia Wells 

International Herald Tribune 



BWjy ORK — Imagine a dining room 
that s like a perfectly fined Armani 
jacket: finely constructed, well-struc- 
tured, subdued and sensuous. What's 
lt . mafces you appear rich and successful, 
iffhat s the way the new. opulent comer room at 
^Restaurant Jean Georges feels, with its cool 
palene of taupe, ecru and silver, full of etched 
gla« and geometric patterns that move from the 
marble and terrazzo floor to the silver-and-gray 
Limoges china from the famed house of Ber- 
naraaud. It is one of the restaurant designer Adam 
D. Tthany's most successful works to date. 

New Yorkers are back to dressing up. at least at 
the table, and they're loving Jean-Georges Von- 
gerichten's modem approach to the most classic 
of cuisines: Like the dining room, the chef's food 
is at once light and substantial, classic and mod- 
em. familiar and surprising. Best of all, the 
setting and the food make you eager to return 

/Vun X<r L r» . . Fw 




(no 

changing 

to eat today. While waiters waltz about bearing 
silver trays and carving joints of duck tableside. 
their demeanor and natural presence let you know 
they ’re one on one with the diners, neither a social 
step above nor below. And though the Alsatian 
chef served years of apprenticeship under such 
names as Bocuse. Haeberiin and Outhier. at 40 be 
has clearly determined his own style. 

Following a wild-edibles 
trend begun in Ranee by 
chefs Michel Bras and Marc 
Veyrat. Vongerichten's 
menu is peppered with wood 
sorrel and pea shoots, baby 
arugula blossoms and wild 
yarrow. Instead of tradition- 
al fats to fix flavors be toys 
with judicious doses of such explosive hits as 
licorice and ginger, chive as well as truffle oil. 

His presentations are simple and well-struc- 
tured, with an understated plate of green as- 
paragus adorned with a creamy mound of fresh 
morel mushrooms: delicate rounds of seared scal- 
lops are topped with thin slices of caramelized 
cauliflower, paired with a Sicilian -style caper and 
raisin emulsion, marred only by a dose of nutmeg 
strong enough to set off a sneezing fit 

I loved his sweet tempura soft-shell crab, set 
atop finely sliced fennel and green apple bathed 
in a zingy. mustard-rich dressing, as well as his 
very modem lobster tartine — a thick slice of 
toast topped with a hefty petition of lobster, over 
which the waiter pours a broth of pumpkin seed 
and fenugreek sprinkled with pea shoots. Ala- 
baster filets of halibut arrive in a pool of a sweet 
wine sauce prepared with the rare Chateau 
Chalon from the Jura. 

succulent surprise But Jean Georges' most 
delicious dish currently is the broiled squab — as 
rosy and meaty as a rare steak! — paired with an 
onion compote and com pancake with a touch of 
seared foie gras. 

The wine list and service are on a par with the 
setting and the food. Some worthy wines to 
. sample here include the 1986 Riesling Cl os 
Saiot-Hune from Trimbach and the 1 992 Qos des 
vLaro brays from Morey Saint-Denis, each priced 
at $85. The wine director, Kurt Eckert, has made 
a point of putting some good-value wines on the 
list, such as Trimbach's 1994 Riesling at $30; 
J.C. Thevenei’s 1995 Saint-Veran Clos de 1'Er- 
mitage VieilJes Vignes at $33; Denis Alaliy's 
white Cotes du Rhone Cairanne at $42 and ToUot 
Beaut’s Chorey Cotes de Beaune 1994 at $40. 

Jean Georges. I Central Park West, Trump 
International Hotel and Tower, New York, New 
York: Tel: 212-299-3900 ; fax: 212-299-3914 . 
Credit cards : American Express, Visa. Master- 
Card. Diners Club. Carte Blanche. Open for 
lunch Monday to Friday, dinner Monday to 
Saturday. $45 four-course lunch menu. $85 se\'- 
en-course tasting menu at dinner. A la carte, $51 
to $69. not including sendee or wine. 





Ctatwue from lop left ] Bnm i20l Ann* Reffd. Rne Males. Adme Refftt/Eaptom/Ncn YorV Tram map 

Faces and places in Yunnan. China, where the quirks of geography have resulted in sharp cultural divides and in a province which is home to 24 ethnic groups. 

The Monks and Matriarchs of Remote Yunnan 


By Pete Hessler 



ALL China — I was on the summit of 
a 10,000-foot (3.000-meter; holy 
mountain in Yunnan Province, and it 
was one of those rare moments when 
the immensity of China was almost tangible. To 
the north I could see the snow-covered peaks of 
the Himalayas, rising and falling to the horizon 
like great uneven waves — a vast rough sea 
suddenly frozen into silence. 

This was my second trip to Yunnan Province 
in southwestern China: I had returned because it 
is one of the best places to gain a sense of both the 
size and the complexity of the country. Yunnan 
is home to 24 ethnic groups, and it is a province 
where die quirks of geography — a fast-flowing 
river, a high mountain ridge — have often re- 
sulted in sharp cultural divides. 

Standing on the summit, I could barely see the 
small town of Dali, where I had begun ray trip. 
From die start it had been a journey on the 
peripheries of China, because Dali is the capital of 
the Bai minority. The Bai. one of Y unnan 's largest 
and most prosperous minorities, have farmed 
Dali's fertile fields and fished its neighboring 
Erhai Lake for more than 3,000 years, and there is 
a sense that, even under Chinese control, the Bai 
continue to do many things their own way. 

south of the clouds The province name 
means South of the Clouds, and even in Feb- 
ruary, when I traveled, I saw mostly sunny skies 
and daytime temperatures in the 60s Fahrenheit. 
And the town of Dali itself has a faded beauty 
that is rare in China, where the hurtling economy 
has left most places with a drab landscape of 
modem buildings. Dali’s medium is still stone, 
rather than glass and concrete: there are cobble- 
stone streets, and old stone homesteads with 
green courtyards, and two ancient city gates are 
still standing. Behind town three slender pa-' 
godas rise high above the plain, the oldest of 
which was constructed in die ninth century. 

But the growing tourism industry has brought 


changes, and in recent years Dali has developed 
an avenue of cheap backpacker cafes and shops 
for tailor-made ciothes. And while many trav- 
elers go to Dali simply to relax, it is a town that is 
best used as a base for more interesting ex- 
cursions — to the outlying Bai villages, or the 
clear waters of the lake, or the snow-streaked 
peaks of the Cangshan mountains, which rise 
without foothills from the northern end of town. 

A friend and I decided on a trip south to 
Jizushan, or Chicken Foot Mountain, a sacred 
peak named for the dawlike streaks of rock that 
are scratched across its slopes. 

For nearly 13 centuries the mountain has 
attracted Buddhist pilgrims from across China 
and Tibet, and the five-hour bus ride to the start 
of the trek felt like a trip back in rime. The road 
was of cobbled stone, switchbacking through the 
zed clay hills of the Hongsftishan mountains, and 
often we dipped down into deep valleys where 
the crops glowed green in the dry-season sun- 
shine. There were miles of sugar cane fields — 
purple stalks with green tops, flashing past In a 
bright blur. 

It took a four-hour trek to reach the top. where 
the northern mountains were spread before us in 
the 1 aie-aft emoon sunshine. We stood in the 
shadow of the seventh-century Lengyan Pagoda, 
which rises another 130 feet above the peak's 
crowning monastery. It was a scene from another 
age: monks chanting, pilgrims kowtowing, joss 
sticks smoking from a cauldron in the center of 
the monastery 's courtyard. Above it all, the wind . 
blew hard from the north. 

And then it began to snow — a dry swirling 
snow that drove us all inside the monastery, 
where simple beds with electric blankets were 
less than $2 a night. Hours later, awakened by the 
howling gusts, 1 stepped out into the courtyard 
The snow had stopped and the sky had cleared 
and above me the Milky Way was spread across 
the night like a dazzling band of powder, the stars 
washed bright by the northern wind. 

Two days later we caught a bus north to 
Ujiang. The journey was only 122 miles, but 
along the way everything changed: Dali's green 


to low red mountains, and at last 
our bus crossed the high ridge of Tiejiashan. The 
ridge itself was unimpressive — dry red soil, 
sparse low trees — but it represented a sig- 
nificant barrier, as it has always been the tra- 
ditional dividing line between the Bai people and 
the Naxi, their northern neighbors. 

For centuries the Naxi have lived in the moun- 
tains of northern Yunnan, and in their isolation 
created a matriarchal society. Naxi women, who 
are distinguished by their characteristic black- 
and-white capes, have traditionally controlled all 
important aspects of their communities: money, 
fanning, religious rites. Before this century, 
marriage was never a part of Naxi customs, and 
women simply took lovers as they pleased. Often 
children did not know their fathers, because the 
society was organized into matriarchal clans that 
held all offspring in common. 

These traditions have never sat well with 
Communist China. In the 1950s, the government 
set about ending the practice of free love, which 
they claimed harmed the revolution, and today in 
the city of Lijiang conventional marriage is the 
norm. But the community still revolves around 
the women, and in the remote outlying areas, 
where the Himalayan landscape is of the sort that 
resists revolutions, there are villages where the 
matriarchal system is still intact 

The Black Dragon Pool 

It is a beautiful city for wandering, and often I 
walked along the banks of the Jade River, its 
water running clear and cold from the northern 
mountains. The river pauses briefly in Lijiang's 
public park, where it gathers in the Black Dragon 
Pool, bordered by willows and pagodas. 

North of Lijiang, as the mountains grew high- 
er and the north wind colder. I began once more 
to sense the immensity of China. For everything 
else was shrinking: the road, the bus, the number 
of travelers. We crossed the Yangtze, known in 
these parts as the Jinsha. and, in the wilderness of 
Yunnan even the great river looked small, a 
fragile streak of green twisting between peaks 


where the snow never melts. We were heading 
for Zhongdian. aTibetan village 120 miles away. 
Soft flurries of snow filtered down from the high 
peaks, and our minibus, wheezing with the alti- 
tude. climbed painfully along a steep dirt track. 

We crossed a high pass, prayer flags fluttering 
beside the road, and then at about 10.000 feet the 
mountains gave way to Zhongdian "s broad 
plain. 

Z HONGDIAN is the son of frontier town 
that feels as if it was builr just yesterday 
and might not last until tomorrow. There 
is a broad dusty main street, lined on both sides 
with grit-stained buildings of concrete and glass, 
and the traffic consists mostly of the north wind 
roaring straight down the road. We found a $3 
hotel room, bur something in the town's sense of 
impermanence made us want to keep moving, 
and soon we were back outside, walking against 
the wind. Two miles north of town there was a 
small Tibetan village and the Gyaltbang 
Soomzenling Lamasery, the biggest in Yunnan. 
The lamaseTy was built in the 1 7th century by the 
fifth Dalai Lama, and in the past decade the 300 
resident monks had worked hard ro repair the 
damage of the- Culrural Revolution. It was a 
beautiful complex — pounded -earth buildings 
of red and white, pressed against the side of a hill, 
the dark temples with soaring pillars and vivid 
murals. Bui there was nobody inside; the great 
halls were empty except for the wind that 
whistled in through the cracks in ihe walls. 

And then we came into a small room where a 
group of monks in crimson robes were huddled 
around a coal fire. They greeted us in Chinese, 
waving us close to the hearth, and then said 
nothing more. 

In a forgotten comer of a huge country it was 
something to stand warm and still, to feel that the 
ancient, monastery was China's fixed point 
around which everything else was spinning for- 
ward in the busiest nation on earth. 


Pete Hessler, who is reaching English in Pul- 
ing. China, wrote this for The New York Times. 



Australia Up Close, on the Heysen Trail 


By Michael Richardson 

International Herald Tribune 



mi* of Adelaide and winds northward for 1 *00 kilometers. 


AROSSA VALLEY. Australia — 
Visitors to Australia flying from 
Southeast Asia to Sydney, Mel- 
bourne or Adelaide on a clear day 

across the arid heart of the island- 

continent may well be awed by what they see 
from the plane’s windows. 

For several hours they travel over a landscape 
almost devoid of signs of human habitation. The 
terrain, eroded into the strange forms and patterns 
of a giant abstract painting, has been turned by the 
relentless climate into a palette of surrealcolors. 
Not an ideal location for a leisurely walk, you 
might dunk. Yet the coastal margins of Australia, 
where most of the population lives, provide a 
kinder, gentler environment than the center. 

hi fact, Australia has one of the longest con- 
tinuous walking trails in the world — far longer 
than the 400-kilometer (250-mile) Pennine Way 
in Britain although considerably shorter than the 
4,000-kilometer Pacific Crest Trail on the west 
coast of the United States. 

Opened in 1993, the Heysen Trail starts at 
Cape Jervis, s ourh of Adelaide and winds north- 
ward across the state of South Australia for about 
1,500 kilometers through hills, valleys, forests, 
vineyards, orchards and farmland to the nigged 
Flinders Ranges on the edge of the country *s dry’ 
interior. These ranges, created 600 million years 
ago when the Earth's forces buckled, folded and 
squeezed upward what was then part of a great 
seabed, are among the most beautiful mountain 
regions in Australia, 

Maris Clisby, who has walked the full length 


of the Heysen Trail, says there is “an intense 
Austral! anness about these ranges, which cap- 
tures the spirit of this continent — jagged peaks, 
ancient rocks, tranquil gorges, and a sense of 
timelessness and absolute freedom." 

The trail was named after Sir Hans Heysen. a 
German-bom landscape painter whose delicate wa- 
tercolors caught the magic of the Flinders Ranges 
and the hills east of Adelaide, where he lived far 
much of his life. As a painter, he was especially 
fascinated by eucalyptus, hardy native trees that 
Australians rail gums because the sinuous trunks of 
seme species produce an aromatic resin. 

Many visitors miss die opportunity to ex- 
perience the unique sights, sounds and smells of 
the Australian bush because they are intimidated 
by the country's vast distances and its reputation 
for drought, bush fires and poisonous creatures, 
such as snakes and spiders. 

Easily Accessible 

Yet many parts of the Heysen Trail are easily 
accessible. The track is well marked, regularly 
maintained and quits safe for casual visitors 
provided they carry some water, wear hats for 
sun protection and do not stray from the path. 

The South Australian government’s Depart- 
ment of Recreation and Sport sells detailed maps 
of the trail (teL 61-8-8416-6677; fax: 61-8-8416- 
6753), advising users of the rules they must 
observe, including the ban on lighting fires. The 
Lonely Planet guide to South Australia has a 
chapter on die trail describing its various sec- 
tions, the conditions that will be encountered and 
places to stay and eat 

The Heysen Trail “is for all people, not just . 


elite backpackers." said Terry Lavender, tin 
official who was responsible for overseeinj 
much of i ts construction. “It’s not jusr a moun- 
tain trail, it's a coastal trail, a farmland trail and ; 
vineyard trail.” 

Two sections that are easy for visitors u 
Adelaide to reach and offer rewarding w alkin g 
are in the Mount Lofty Ranges, just a 30-minutt 
drive east of the city, and the Barossa Valley — 
Australia's best known wine-producing disiric 
— a little more than an hour away by road. Marc) 
and April, and September and October are es 
pecialfy attractive times to visit both these areaz 
and the Hinders Ranges. 

Apart from its scenic beauty, the Barossa Val- 
ley, settled in the 19th centiny mainly by Ger- 
mans and English, has the added attractions 01 
abundant good food, wine and accommodation as 
well as a renowned music festival each October 

1 recently spent several hours walking the 
Heysen Trail in the hills overlooking the valley 
with a diversion on a loop path through the Kaisei 
Stuhl Conservation Park that connects with the 
trail at both ends. The park contains one of the 
last undisturbed areas of native vegetation in the 
arra. Trees, groundcover plants and grasses an 
interdependent, forming a unique habitat foi 
native birds and animals, including kangaroos. 

Many overseas visitors complain that thev 
haven t seen kangaroos in their natural sur- 
roundings when they come to stay with us * ’ said 
John Geikens who with his wife, Alicia’ offer* 
comfortable bed and breakfast accommodating 
at their hillside property, BliddnstaL overlook- 
mg fte Barossa VaCey. “I just send them on a 
walking tap into toe park in the eariy morning 01 
the evening and they usually see dozens.*’ 6 



PAGE 12 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, MAY 16, 1997 


ARTS GUIDE 


50TH CANNES FESTIVAl 


AUSTRIA 


Vienna 

JudBsches Museum, tel: (1} 535- 
0431, dosed Saturdays. To July 
13: “Emil Oriik (1870-1932): 
Prague — Vienna — Berlin.'’ The 
Prague-toom painter, graphic artist 
and craftsman was influenced by 
Jugendstii but also won recogni- 
tion for hia portraits. 


BRITAIN 


Bath 

The Royal Photographic Soci- 
ety, tel: (225) 46-28-41 , open dally. 
To June 1: “Peter La very: Circus 
Work.” 100 black-and-white pho- 
tographs that chronicle the dying 
art of the traveling circus and 
evoke the contrasting fantasy of 
the circus ring with the reality of 
backstage life. 



SWITZERLAND 


Basal 

Kunstmuseum, tel: (61) 271- 
0828, dosed Mondays. To Aug. 24: 
“Ourer, Holbein. Grunewald: Old 
Master Drawings of the German 
Renaissance from Berlin and 
Basel.” More than 1 50 drawings by 
the three artists offer Insight Into 
German draftsmanship of the 15th 
and 16th centuries. Also features 
works by contemporaries such as 
Wolf Huber, Hans Baldung and Al- 
brecht Altdorfer. 


L.A. Confidential’: Style to Burn |b e 


By Janet Maslin 

New York Times Service 


UNITED STATES 


London 

British Museum, tel: (171} 323- 
8525, open daily. To July 13: “Ori- 
ental Green Wkres: Pottery and 
Porcelain from the Near and Far 
East” Chinese green wares have 
Influenced the glazes and shapes 
of table wares and decorative pot- 
tery in many countries for the past 
800 years. More than 200 vessels 
from Eygpt, Iran, Iraq and South- 
east Asia are brought together. 


Peter Lavery's circus photographs are in Bath, England 


fng objects. Also features globes, 
astrolabs. compasses and maps. 


ITALY 


FRANCS 


Pams 

Grand Palais, tel: 01-44-13-17- 
17, dosed Tuesdays. Continuing/ 
To July 14: “Paris/Broxelles — 
Bruxelles/Paris." 

Petit Palais, tel: 01-42-65-12-73, 
dosed Mondays. Contlnulng/To 
June 22: “Les Francs: Precurseurs 
de r Europe." More than 1,000 
items document the origins of the 
Franks, their conflicts with the Ro- 
man Empire and the emergence of 
their kingdom. 


Milan 

Fondazlone Prada, tel: (2) 346- 
70216, dosed Mondays. To June 
30: “Louise Bourgeois." The 
sculptor (bom 1911) has created 
new works which, together with a 
selection of less recent works, 
make up a new installation. The 
exhibition revolves around differ- 
ent bodies of works: the Spiders, 
the Ceils— dosed or open spaces 
within which narratives unfold — 
and Sutures that involve themes 
connected to thread and weaving. 


tray nude figures in varied themes: 
Biblical scenes, the gods and he- 
roes of antiquity, and finally the 
nude becoming a subject In Its own 
right Features works spanning the 
last 500 years by artists such as 
Mantegna, Rembrandt, Boucher, 
Degas, Matisse and modern Dutch 
artists Toorop and WHIInk. 


New York 

Museum of Modem Art, tel: (212) 
708-9460, dosed Wednesdays. To 
Sept. 2: “Objects of Desire: The 
Modem StiD Life." A survey of 20th- 
century still fife that demonstrates 
how this traditional genre can be 
developed and trangressed, and 
how It reflects changing cultural 
values and meanings. Features 
.150 paintings, sculptures, and ob- 
jects created by more than 70 
artists including Picasso and Ma- 
tisse, the Surrealists, and Pop and 
contemporary artiste . such as 
Christo, Cindy Sherman and Dan 
Flavin. The exhibition will travel to 
London in the fall. 




CLOSING SOON 


Lisbon 

Centro Cultural de Belem, tel: (1 ) 
301-9606, open dally. To Aug.. 18: 
“Paula Rego: Retrospective." A 
selection of reaHst paintings, col- 
lages and etchings created by the 
Portuguese artist (bom 1935) 
since 1959. 


J APA 


GERMANY 


Frankfurt 

Stadelsches Kunstlnstttut, tel: 
(69) 605-0980. dosed Mondays. 
To July 13: "Johannes Vermeer 
Der Geograph undderAstronom." 
The exhibition brings together two 
dosefy related works, and shows 
their similarities In size, posture of 
the character, fight and surround- 


Tokyo 

Tokyo Metropolitan Art Mu- 
seum, tel: (3) 3823-6921, closed 
Mondays. To July 13: "Louvre: 
18th-Century Paintings." Mora 
than 70 paintings by Watteau, 
Chardin, Boucher and Fragonard. 




NETHERLANDS 


Amsterdam 

Rijksmuseum, tel: (20) 673-21 21 , 
open dally. To Aug. 3: "The Nude: 
Prints, Drawings and Photo- 
graphs.” Throughout the ages 
artists have been Inspired to por- 


B ARC ILONA 

Fund acton La Cabta, tel: (93) 
458-89-05, closed Mondays. To 
July 27: "Amelia Pslaaz, Frida 
Kahto, Tarsila do Amaral.” More 
than 70 works by Amelia Peiaez 
(Cuba. 1696-1968), Frida Kahlo 
(Mexico, 1910-1954) and Ta/sila 
do Amaral (Brazil, 1886-1973) 
show how their contacts with Euro- 
pean artistic movements, the In- 
fluence of France and the United 
States and the discovery of the 
roots of thelrown countries, helped 
shape South American art. 


May 18: "Video Sculpture In Ger- 
many Since 1963." Hara Mu- 
seum, Tokyo. 

May 18: "Art from the Imperial 
Court" Kyoto National Museum, 
Kyoto. 

May 18: "Maurice de Vlaminck." 
Bunkamura Museum of Art, 
Tokyo. 

May 18: "The First Emperor: 
Treasures From Ancient China." 
Walters Art Gallery, Baltimore. 
May 1 8: "Manuel Alvarez Bravo: A 
Retrospective.” Museum of Mod- 
ern Art, New York. 

May 18: “Discovering the Italian 
Baroque: The Denis Mahon Collec- 
tion." National Gallary, London. 
May 18: “Material Culture: The Ob- 
ject In British Art of the 1980s and 
*908." Hayward Gallery, London. 
May 18: "Auguste Prnuit 1809- 
1879." Musee d'Oraay, Paris. 
May 19: "Picasso and the Medi- 
terranean Myth." Moderns 
Museet, Stockholm. 


SUMMER FESTIVALS 


Today, the Arts Guide lists 
major music festivals due to 
start next month in various 
American and European cities. 
July festivals will be listed on 
Friday, June 20. 


itf*... 


Aldeburoh, Enoland 
50th Festival of Music and the 
Arts, tel: (1728) 45-35-43. June 
13-29. Features premieres erf two 
short operas commissioned from 
Mark-Anthony Tumage, the Eng- 
lish National Opera's composer in 
association; Kent Nagano con- 
ducts the premiere (June 15) of 
Britten's Double Concerto for Vi- 
olin and Viola, written in 1932. 



Nozze dl Figaro, " and Mon- 
teverdi’s "Incoronazione dl Pop- 
pea"; P lad do Domingo Is Don 
Joss in a production of "Carmen. " 
Singers Indude Julia Varady, 
Montserrat-CabaJle. Siegfried Je- 
rusalem and Kurt Moll. 


C ANNES — A week’s 
worth of rain clouds 
has finally lifted here, 
and suddenly the 
films are as hot as the weather. 
Gang busters: “Lj\. Confid- 
ential,’ * a shrewd, elegant film 
noir set in the moral quicksand 
of 1950s Los Angeles, with a 
flawless ensemble cast and 
style to bum. 

Directed by Curtis Hanson 
and boiled down beautifully 
from James Ellroy’s 
labyrinthine novel, it’s also a 
rare bird for Cannes: the big 
Hollywood movie ready to 
face the crazy, cutthroat at- 
mosphere here and take a 
chance. 

“At first the idea was 
floated and the studios said 
forget it," Hanson said. He 
credits die Cannes spotlight 
with his first exposure to film 
makers like Bunuel and 
Fellini, but at 52, he has never 
been here before. Risk or no 
risk, be was looking abso- 
lutely delighted. 

Hanson, whose “Hand 
That Rodcs the Cradle” and 
1 ‘River Wild* ’ give viewers no 
preparation for his new film's 
“Chinatown” polish — 
though his “Bad Influence” 
had a hint of its sinister allure 
— also managed another stu- 
dio anomaly: a film with three 
leading men, two of whom are 
played by virtual Hollywood 
unkn owns (though Kim Ba- 
singer and Danny DeVito are 
also in the cast, to fine effect). 
Or ex-unknowns: This film 
ought to do for Russell Crowe 
and Guy Pearce what "The 
Usual Suspects' ’ did for Kevin 
Spacey, who plays die third 
detective role. 

Actually, both those actors 
have had substantial careers 
in Australia, and Pearce 
played a lead in “The Ad- 



Lxnd Ctreoocu/TVe Auocam fan 


Guy Pearce. Kim Basinger and Russell Crowe at screening of “LA. Confidential .’ 


ventures of Priscilla, Queen 
of the Desert." But Hanson 
still hasn't seen that “I 
frankly didn’t want to have 
my confidence shattered by 
watching him do a movie in 
drag,” the director said. 

Also from Australia, and 
joining “LA. Confidential” 
m the main competition, is a 
stunner called "The Well." 
the first feature film directed 
by Samantha Lang. 


panj 

hit). 


TOUGH COMPETITION The 

prize for the best directorial 
debut at the awards ceremony 
Sunday will be especially 
hard-won in a year of excel- 
lent first films, among them 
Neil LaBure's “In the Com- 
ly of Men” (a Sundance 
lit), Gary Oldman’s power- 
fully raw “Nil by Mouth,” 
two well-received films from 
Norway and Alain Berliner’s 
“Ma Vie en Rose." deft and 
wildly colorful in its account 
of a little boy's confusion 
about his sex. 

Berliner fuses tact with the 
satirical flamboyance of a 
Pedro Almodovar film. In 


summoning a poignant yet 
fanciful tone, he says he had 
“Edward Stissoihaads” in 
mind. 

An especially entertaining 
first film is Richard Kwiat- 
niowski's “Love and Death on 
Long Island," which presents 
die Nabokovian dilemma of a 
tweedy, erudite English author 
(played sublimely by John 
Hurt) who falls desperately in 
love with a bubble-headed 
American teenage actor. 

Kwiatniowski's film, 
which takes the writer to a 
tiny Long Island community, 
is hardly the only film here to 
pur small-town Americana on 
the map. 

Just over the horizon, in the 
main competition, is Atom 
Egoyan’s “Sweet Here- 
after,” from the novel by 
Russell Banks, about an ac- 
cident that devastates a close- 
knit community. 

And already well received 
is "The Ice Storm,” a me- 
ticulous film set in 1973 in 
New Canaan, Connecticut, 
and directed by Ang Lee. He 
creates as intricate a social 


and cultural web here as he 
did in “Sense and Sensibil- 
ity,’ ’ despite a vastly different 
milieu. 




ASED on a novel fctt 
Rick Moody, in wMcp! 


the weather emer- 
gency of the title catalyzes a 
set of crises within two sub- 
urban families, Lee's beau- 
tifully acted drama takes a 
cool, disturbing look at ties 
that fail to bind. • 

Lee, who clearly thrives on 
switching gears, says he 
chose this project because he 
liked the book and the weath- 



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Athens 

Athens Festival, tel: 30 (1) 322- 
1459, lax: 322-3 111. Early June to 
late September. Symphonic con- 
certs, opera, ballet and ancient 
drama performances take place In 
the Odeon of Herodes Atticus built 
InA.D. 161 and an opervair theatre 
on Lycabettus Hill. 


5HMBI Ooldeoberg/THT 


Ravenna 

Ravenna Festival, tel: 39 (544) 
213-895, fax: 36303, http:// 
www.netgate.lt June l9to July 26: 
In different venues, Sir Georg Solti, 
Georges Pretre, Valeri Gergiev, 
and Riccardo Mutti conduct or- 
chestras from Europe. In the 
Teatro Alighieri, Valeri Gergiev 
conducts "Boris Godunov" In a 
Maryinsky Theater production and 
Gary Bertinl conducts Verdi’s “At- 
tila," directed by Pier Luigi Pizzi. 


BadKhsmqen, Germany 
12. Kissinger Sommer Festival, 
tel: 49 (971) 807-110. fax: 807-191 . 
June 13 to July 13: Mstislav 
Rostropovich (Jisie 13) , Fetidly 
Lott (July 1 ), Daniel Barenboim Ju- 
ly 12 and 13) at the piano, with 
various European orchestras, per- 
form symphonies, chamber music 
and lieder recitals. 


Drottninoholm, Sweden 
Drottnlngholm Slottsteater, tel: 
46 (8) 660-8225, fax: 665-1473. 
June 1 to Aug. 24: Productions of 
Jacopo Peri’s "Euridice” (first 
staged in 1600} and Luigi Rossi's 
1647 "Orfeo" using colorful cos- 
tumes and fireworks that are wed 
suited to this stage buRt by Gustav 
111 in 1766. The orchestra plays 
period Instruments. 


July- 20: Founded by Nikolaus 
Harnoncourt in 1985, the 1997 fes- 
tival is dedicated to Brahms and 
Schubert Highlights are perfor- 
mances conducted by Harnon- 
court. 


Barcelona 

Grec ’97, tel: 34(3) 301-7775. fax: 
301-6100. June 25 to July 31 : The- 
atrical, musical and choreographic 
performances take place in the 
open air and in theaters. Choreo- 
grapher Wim Vandekeybus 
presents the world premiere of his 
latest creation. 


Granada, Spain 
46 Festival totemackmai de Mu- 
sics and Danza de Granada, tel: 
(958) 22-1844, fax: 22-06-91, e- 
mad: gnanadafestivaj@tsai.es. The 
festival pays homage to Brahms. 
Schubert and Messiaen. Symphonic 
music is performed in the Emperor 
Charles Vs palace, and dance in the 
14th-century Generate gardens In 
the Alhambra. 


Istanbul 

Istanbul International Festival, 
tel: 90 (212) 293-3133. fax: 249- 
5667, http^/www.istfestorg. June 
15 to July 8: A festival of classical 
music, ballet, opera and traditional 
music. Claudio Sermons conducts 
I Soilsti Veniti in a performance of 
Bertoni’s "Orfeo” directed by Pier- 
Luigl Pizzi. The roster of conduct- 
ors Includes Leonard Slatfrin, 
Wolfgang Sawallisch and Peter 
Sch refer. 


Santa Fe, New Mexico 
Santa Fe Opera Season, tel: 
(505) 986-5900. June 17 to Aug. 
23: Five operas, Including the 
world premiere of Peter Ueber- 
son's "Ashoka's Dream" (July 26): 
new productions of Strauss's “Ar- 
abella" and Handel's “Semele" as 
well as “La Traviata" and “Cosi 
Fan Tutte." 


Cany Austria 
Styrian Festival, tel: 43 (316) 825- 
000, fax: 877-38-36, e-mail ratyr- 
arteGmall.styrla.co.aL June 21 to 


Munich 

Festspleie 1997, tel: 49 (0) 89-21- 
85-19-21, fax: 85-19-03. More 
than 40 performances of 15 opera 
productions plus ballet perfor- 
mances, lieder recitals and con- 
certs: new productions of “Le 


Zurich 

Zurcher Festspleie, tel: (41) 1- 
215-4030, fax: 215-4035. June 28 
to July 20: Opera performances 
include “La Traviata," “Fidello," 
“Le Nozze de Figaro," Haydn's 
"L'Anlma del FItosofo" and Han- 
del's “Aldna." Nikolaus Harnon- 
court conducts Schubert’s "Die 
Teufels Lustschtoss," composed 
at age 15. and Robert Wilson dir- 
ects "Lohengrin" as well as Strav- 
insky’s “Oedipus Rex" and Bar- 
tok's "Bluebeard's Castle." The 
festival ends with two ballet even- 
ings choreographed by Zurich's 
new ballet director Heinz Spoerii. 


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INTERNATIONAL HERALD TRIBUNE, FRIDAY, MAY 16, 1997 


PAGE 13 



LEISURE 


The Curtain Is Going Up for Monaco’s 700th Birthday Festivities 


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M onte carlo — on 

Ja ?- 8, 1297. a political 
refugee from Genoa 
named Francesco Grim- 
uuu ana a few trusted associates in 
monks clothing climbed a huge rock 
dm projects into the Mediterranean 
^ persuaded the defenders 
of the local castle to shelter them 
ovfflmght Once inside, rhey tore off 
dieff hoods, seized the castle and a piece 
of the coastline beyond, and made it 
*5^ the Principality of Monaco, 

which has remained in Grimaldi hands 
ever since. 

■ t CaU Francesco “Mal- 

jzia (The Cunning) for nothing, and 
his successors have maneuvered around 
rpore powerful neighbors with 
equal skill. Rainier HL, the reigning sov- 
ereiffi prince, negotiated a treaty with 
the French in 1962 that lets Paris tax 
most of the 12,000 French citizens who 
live here, but the 6,600 Monegasques 
pay no income tax to anyone. 

The fairy-tale realm uses French cur- 
acy , but has its own telephone country 
code (377) and issues its own stamps, 
selling plenty of them this year to tour- 
ists drawn by the 700th anniversary of 
Grimaldi rule and the attendant cel- 
ebrations. 

With its clean streets, gleaming white 
and ocher buildings and one policeman 
for every 60 residents, Monaco is as safe 
and as make-believe-looking as Dis- 
neyland Paris, only smaller — an 
amusement park for adults. Or as 
Somerset Maugham put it, a sunny place 
for shady people attracted by its gam- 
bling casinos, founded by Rainier's 
great-great-grandfather Charles in to 
attract wealthy visitors to a place dial 
had no natural resources besides a stiver 
of sea and a lot of sun. 

OAKNin masterpiece But Monte 
Carlo, where the casinos are. a half- mile 
east of die castle rock, is hardly Las 
Vegas-by-the-Sea. The original Casino 
is. a Belle Epoque masterpiece by 
Charles Gamier, who designed the Paris 
Opera. In late spring and early summer 
the harbor below fills with yachts. 



card and payment of $9. This allows you 
to. rarer not only the atrium, with 21 
huge columns and a stained-glass ceil- 
ing, but also the two public gaming 
rooms: die European Rooms, where you 
can try your luck on slot machines or at 
roulette, blackjack and craps for small 
stakes and as little as one franc in the slot 
machines. Another $9 is required for 
entry to the Private Room, with two 
700-pound chandeliers and a minim um 
stake of $90. 

Down the hill along the beach, die 
National Museum, in another house de- 
signed by Gamier at 17 Avenue Prin- 
cesse Grace, (377) 93.30.91.26, hasa 
fascinating collection of more than 4j)0 
antique dolls and automatons — dolls or 
puppets with lifelike actions produced 
by 19th-century watchmakers’ move- 
ments. The collection belonged to 
Madeleine de Galea, a patron of the arts 
who died in 1956. A portrait of her by 
Renoir hangs in the staircase. Open 10 
AM to 630 P.M.; admission $4.65. 


Among Monaco’s attractions are the casino (left), the tropical palm atmosphere and the palace of the riding Grimaldis . 


Jmrf> 


The secret of the place is its romance, 
underscored when Grace Kelly married 
Prince Rainier in 1956. She died in an 
automobile accident in 1982. and the 
prince has not remarried. Her tomb in 
the Monaco Cathedral, near the palace, 
has become a shrine to her memory. 

On May 31 , the prince and his family 
will mark die 700th anniversary of 
Grimaldi rule with an invitation-only 
reception for the 6,600 Monegasques in 
an open-air ceremony on the Place du 
Palais. Visitors may be able to watch the 
event on the local TV channel that can 
be seen in hotel rooms, but the square 
will be closed most of that day. 

From June 20 to 22, the singer Emilio 
Santiago and other Brazilian artists 
bring Brazil to Monaco, with a free 
open-air concert in Fontvieille, on the 
western side of the palace promontory, 
on June 21 at 9 PM. 

On July 12 and 13. a huge pageant 
will re-enact the visit in 1529 of die 
Emperor Charles V of Spain, protector 
of Monaco at the time. The festivities, 
including a contest using medieval 
bows ana arrows, will take place in the 


football stadium in Fontvieille. Infor- 
mation: (377) 93.30.42.27. 

A musical commissioned for the an- 
niversary and staged by Robert Hossein 
will have its premiere in the Casino 
opera house, the Salle Gamier, on July 
18 ar 8:30 PM. 4, La Vie en Bleu,* 
based on the life of Pablo Picasso, was 
inspired by the collaboration of Picasso 
and Coco Chanel on sets in this very 
house after World War II, and will go on 
the road after Aug. 29. Tickets are $24, 
$23 and $32, based on 5 59 francs to the 
United States dollar. Call (377) 
97.70.77.00. 

Fireworks displays over the harbor on 
July 22, 29, ana Aug. 5 and 12 at 9:30 
P.M., pan of the international fireworks 
festival long held in the principality, are 
free, as are die open-air concerts that 
follow. 

The prince’s palace, 100 feet (30 me- 
ters) above the azure Mediterranean, is a 
lemon-yellow and gingerbread fantasy 
of Italian Renaissance and medieval 
styles. If a pennant with die Grimaldi 
coat of arms is frying over die medi- 
eval battlement on the south- 


east comer, Prince Rainier is at home. 

The changing of die guard, accom- 
panied by trumpets and drumbeats, starts 
at 21:55 AM. daily. The throne room, 
state apartments and other public rooms 
of the palace can be visited after June 1 
from 9:30 AM. to 6:30 PM. Admission, 
$5.40; call (377) 93.25. 18.31. In the west 
wing of the Palace is a separate museum 
devoted to Napoleon, a dikant relative of 
Prince Rainier, displaying the emperor's 
monocle and tobacco pouch and one of 
his hats. The Museum of Napoleonic 
Souvenirs and Historic Archives of the 
Palace, (377) 93.25.1831, is open daily 
except Monday, 1030 AM. to 12:30 
P.M. and 2 to 5 PM.; from June 1 to SepL 
30, from 9:30 AM. to 6:30 PM Ad- 
mission $3.60; combined tickets to the 
Napoleonic museum and die palace, $7. 

SnCTACUlAI VlKWS 

Left of the palace, as you face it on the 
Palace Square, don't nm< a walk in the 
Jar din Saint-Martin, open from 7 AM. 
to 5 PM. No picnics are allowed, but the 
views from me paths through die gar- 


dens to die Oceanographic Museum are 
spectacular. 

The huge Oceanographic Museum, 
ott the Avenue Saint-Martin, (377) 
93.15.36.00, reflects the professional 
interest that Prince Albert L who 
reigned from 1889 to 1922, showed in 
the study of die sea. He harpooned a 65- 
foot-long rorqual whale not far offshore 
in 1896, and its enormous skeleton fills 
most of the museum’s hall of zoological 
oceanography. The denizens of die 
aquarium on the lower floors include a 
brown moray eel that has been in res- 
idence since 1968. Open 9 AM. to 7 
PM in May and June and until 8 P.M. in 
July and August. Admission, $1 1. 

You don't have to know a thing about 
gambling to enjoy a visit to the Casino, 
Place du Casino, (377) 92.16.2131, the 
oldest of the three in Monte Carlo 
(Loews Monte-Carlo and the Cafe de 
Paris have die others) and the most 
famous — you'll recognize it from 
James Bond movie scenes that were 
filmed here. If you are 21 or older you 
will be admitted, starting at noon, on 
presentation of a passport or identity 


T HE principality's supreme dining 
experience is the Loins XV, in the 
Hotel de Paris, Place du Casino; 
(377) 92.16.30.01. The restaurant had 
three Michel in stars until the chef, Alain 
Ducasse, tried for a grand slam by tak- 
ing over Joel Robuchon 's three-star res- 
taurant in Paris. He kept the Paris stars 
in this year's guide but now has only two 
at the Louis XV. 

The restaurant's formal ancien-fe- 
gime d6cor almost cries out for such 
elegant dishes on the menu as vege- 
tables from the gardens of Provence, 
simmered in crushed black truffle 
sauce. 

The prices are stratospheric: a meal 
for two can run S400 to $500 with one of 
the 250,000 bottles of wine in the hotel's 
cellars. Closed Tuesday and Wednes- 
day except for Wednesday dinner , in 
summer. 

You can watch die changing of the 
palace guard, then have a simple three- 
course menu on the square for $22 a 
person, plus wine, at Castelroc, Place du 
Palais, (377) 93.30.36.68. It specializes 
in such Monegasque dishes as stockfish 
(stocafi), a dried fish stewed in white 
wine with tomatoes, onions, potatoes 
and pepper. Closed Saturdays. 


FANI. 

INGA PORE RIVER. 


BOOKS 




\ 

■ t 



$ 


THE SHADOW CATCHER 

By Andrzej Szczypiorski. Translated from 
Polish by Bill Johnston. 161 pages. $21. 
Grove. 

Reviewed by Jonaihan YardJey 

I N the literature of the 20th century 
there is perhaps no mare affecting 
image than that of the child caught in the 
terror of World War IL . 

- friS also one of me most familiar 
images, occurring as i i - does in 
everything fro™ “The Diary of Anne 
Frank”- to Jerzy Kosinski's “The 
Painted Bird” to the novels of Aharon 
Appelfeld, not to mention innumerable 
stage dramas and films. 

Yet after more than half a cenrury it 
has lost none of its power to surprise and 
move us. as Andrzej Szczypiorski is the 
latest to remind us. 

Szczypiorski is a prominent figure in 
istwar Polish history. A ’resistance 
ghter during the war, he became a 
writer and political activist afterward, 
his labors devoted to the removal of 
Soviet rule. 

“The Shadow Catcher” seems to 
have a strong autobiographical element; 
it is a coming-of-age novel, written by a 
man of sufficient maturity to approach 
that genre without self-absorption or 
self-pity. 

The youth whose passage the novel 
describes is named Krzys. He is 15 years 


£ 


old and lives in Warsaw with his par- 
ents. His father, a veteran of World War 
T, is “strict and demanding,” taciturn 
yet gregarious, a self-made man who is 
“stubborn, rigid, and unsure of him- 
self,’* humorless yet susceptible to 
“moments of relaxation. His mother is 
nervous and distracted, "egotistical, 
frivolous, beautiful, and beloved.” 

His parents love Krzys and he loves 
them, but he is 15 and ready 10 break 
away. Not merely are Ins hormones 
be ginnin g to get into gear, but he has 
always been a dreamer, living in “a 
world of make-believe, which fell apart 
at one carelessly uttered word.” 

For any such child, leaving the co- 
coon of one’ s imagination and going out 
into the real world is a harsh transition. 

It is all die more so for Krzys because 
at this moment in history even less is 
certain than usual, for die prospect of a 
war that will involve the entire continent 
grows more likely every day. 

One important difference between 
“The Shadow Catcher" and other 
books about youths at tins same time 
and place is that Krzys is not Jewish but 
Catholic. Jews are present in his life but 
mainly as “dignified old Jews and res- 
olute Jewish teenagers” whom he sees 
on die streets of Warsaw, sights at once 
“strange and familiar, distant and 
close. ’ ’ The Jews are “restless and talk- 
ative,” yet “in their eyes he could al- 
ways see a shadow of fear, as if they 


were haunted by uncertainty, as if they 
were unable to shake off a sense of 
danger.” 

It is this shadow that, before the novel 
ends, falls over Krzys himself. His fam- 
ily ventures into the countryside for a 
holiday at die tumbledown estate of 
Pilecki, a wartime friend of his father 
who “had languished in the depths of 
Poland, in the back of beyond.” There 
Krzys spends his first prolonged period 
in the countryside, where he meets 
Piledd’s niece and ward, Monika, who 
arouses him to other discoveries. 

Lying in his bed at night, the smells 
and sounds of the land all around him. 
Krzys “thought to himself that for the 
first time in his life he was discovering 
the world with such intensity,” that 
“never before had he communed with 
his own life so keenly and so palpably.” 
He becomes aware of the vastness of the 
world and his own place in it when he 
hears a noise from his parents’ bedroom, 
he understands that it is their world as 
well, that he can reach beyond himself 
and engage other people. 

H E and Monika make awkward, ten- 
tative overtures to each other. His 
feelings for her are a 15-year-old's: in- 
tense, exaggerated, unbearable. Again, 
they are made all the more so by the talk 
of war he bears at the dinner table, as 
Pilecki gloomily talks of its certainty 
and Krzys’s father wishfully invents 


schemes by which it can be avoided. 
When Krzys and Monika at last make a 
connection of sorts, they are desperate 
and helpless, “two children, two 
people, who knew they were 
doomed.” 

One inescapable reality about this 
story and all the others so much like it 
already written is that we know what 


lies ahead. Though Szczypiorski does 
not tell us what happens to Krzys or 
Monika, we know that, even at the best, 
the war will change their lives in awful 
ways. This knowledge does much of the 
author's work for him; There is no need 
to describe the terror ahead when we 
blow all too well its nature and di- 
mensions. But the emotions this novel 


arouses are honestly earned; Szczypi- 
orski 's spare, evocative prose, unob- 
trusively translated by Bui Johnston, 
takes us inside the heart of his young 
Lgonist and makes the aches of that 
: all too real. 


Jonathan Yardley is on the staff of The 
Washington Post. 


BRIDGE 


By Alan Truscott 

T HE Cavendish Invitation- 
al Teams was a three-ses- 
sion event and attracted a 
strong field of- 28 teams. 
Leading after the first session 
was an Italian foursome 
headed by a former world 
champion Soldano de Falco. 

DeFalco’s teammates, Bjr- 
oLa, Pietri and DiMaio, are 
little known to fame and an 
indication that Italian bridge 
may soon regain the eminence 
it enjoyed in tite days of the 
Blue Team. The Calcutta pool 
totaled $182,800, while the 
Cavendish Pairs pool was 
likely to exceed $1 million. 
On the diagramed deal 


from the teams event, Barry 
Goren of Chicago found a 
brilliant defense to three no- 
trump. IDs partner. Bob Ham- 
man. led a heart to the queen 
and king. The declarer was 
Richard Schwartz of East 
Elmhurst, Queens, and he 
needed at least one trick from 
the diamond suit. He there- 
fore led to the jack, losing to 
die queen. 

He would now have suc- 
ceeded after routine defense. 
Suppose that East had re- 
turned a heart at this point, the 
declarer would have emerged 
with two heart tricks, one 
spade trick and one diamond 
trick to go with his five club 
winners. 

But Goren made die re- 


markable return of the club 
ten,, which proved fatal to 
South’s communications. He 
won with the queen and led a 
second diamond, taken by the 
ace. Hamman then led a 
second club and South was in 
trouble. He won with the ace 
and played a heart, but a third 
club lead from Hamman des- 
troyed his chance of scoring a 
second heart trick. 

His only hope was to take 
die club ace and venture a 
spade finesse. When this 
railed, die defense had five 
tricks and defeated an appar- 
ently easy contract It is sel- 
dom that a persistent attack on 
the declarer's long, strong 
suit is needed to defeat a no- 
trump game. 


NORTH 

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♦ AJ5 

WEST EAST 

* K5 3 ♦ JB8 8 4 , 

9A1054 9Q3 

O AS OQ10542 

*8732. *10 

SOOTH (D) 

♦ AQ7 
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Nettber side was vulnerable The bid- 
ding: 

South 
IN.T. 

20 
Pass 

Vest led the heart four. 


West 

North 

East 

Pas 

2* 

Pass 

Pass 

Pass 

3 N.T. 

Pass 




PAGE 14 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, MAY 16, 1997 




r •• THE INTERMARKET 


•S +44 17) 420 0348 



WESitSf- 



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formal dining room {convertible to third bedroom) 2 bedrooms. 
2.5 marble baths offered at $4,425,000 (unfurnished). 
Call: George Bookis 1-9 14-395-0 1 70 (USA) 

Licensed N.Y. Real Estate Broker 



i MAGICAL MOUNTAIN 
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1 Offers beauty and 
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V Tal.s ** M 71 839043 

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Cayman Islands 


DREAM HOUSE 3300 SO. FT, In Ds 
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French Provinces 


BOURGOGNE - ESTATE - 90 MINS 
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fitesSiac, Lofra Adantkue 
In the middle tower of die CHATEAU, 
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ReAl £sTate In And ArOuivd E 


Sale of seized property at the Palais de Justice of Paris 
on Thursday, 2Qth May 1097 at 2:30 PM 

IN ONE SINGLE LOT 

TOWNHOUSE 

situated at 

PARIS 16 th 
VILLA MONTMORENCY 

8, avenue des Tiileuls and 35, rue Pierre-Guerin 
with garden and courtyard, heightened off ground floor 
of a square floor and a second floor slightly panelled 
2 ANNEXES forming wings on each side, 
on the higher side of the basement, 
of a ground floor and a square floor - GARAGE. 

A HOUSE on the highersuite on cellars 
and a ground floor and I floor 
Wail and gate enclosures. 

Real Estate Registry N° 1601 BR N° 42 pour 9s I3ea 

STARTING PRICE: FF 12,000,000 

For further information.* 

Contact: SCP CIDE, LOYRETTE. NOUEL 
Associated Lawyers in Paris 
2b, cours Albert-l er , 75008 PARIS 
Tel: +33 10) l 40 75 oO 00 
Maitre Didier NAKACHE 

Lawyer in Paris: 67, boulevard Lannes, 7501b PARIS 
Tel: +33 101 45 04 01 bi 

On-site visits on Friday, 23rd May from 2 p.m. to 3 p.m. 
and Tuesday. 27th May From 2 p.m. to 3 p.m. 




Auction sale at Ihe PBtals de JusGce of Vasates, 3, PL Andwftgnrt 
WEDNESDAY, JUNE 4, 1997, at 9 am. 

EXCEPTIONAL 
ESTATE 

with pond, located 

SAINT-LEGER- 
en-YVEUNES 

on 29,736 sq.m. 


33, route de Houdan 

7-ROOM MAIN HOUSE, CARETAKER’S HOUSE 
OUTBUILDINGS, TENNIS 

Starting Price: 2,970,000 FF 

SCPSLLARD&AssadBS,73bs.njeduMBFFoch,78000Versaies.TeL:-*3S(IQ1 3S2D1597. 
SCPA&Ph.JOHANET,39,».(ieSahFCIoucl,78000VBisai8SLTet433(0)130214646. 


Sale ot seized property at the Palais de Justice of Versailles 
Ave. de rEurope - WEDNESDAY, MAY 28, 1997 at 9 am. 

HOUR hi RENNEM0UUN (78) 

on 3,423 sq.m, land 
8, RUE DU MOULIN 

Starting Price: 3,000,000 FF 

For details contact SCP BILLON - BUSSY RENAULT & 
Assodes, 33. ave. des Etata-Unis, 78000 Versailles. 
Tel. +33 (0) 1 39 50 02 60. Mlnltel: 3617 ADJUDIC. 
For visit Etude ABRAMI - Tel. +33 (0) 1 30 84 0011. 


' at Hie Palais de Justice of Versaffles 


Paris and Suburbs 


VflLLEE DE CHEVREUSE (78) HOUSE 
Exceptional. in top condition, fasnncal i- 
bacolic SI® (Pori Royall, 25 tan Pans 
center. ID tar Versailles. 15 tan Saurl 
German m sdnto. near golf ! nrpoft 
250 sqm. 8 main rooms, trig heaed pool 
poot-house/BBQ. 2300 sqm landscaped 
& waled garden. Scar garage 4 90 styn 
ana's Surtc/bureau. Ready to irave-m 
5900.000 S = FF5.7W or 55.300™* 
rent Mr. Georges Note, 4 rue Vamtmer. 
76470 Sl Lambert dee Bos. Tel: +33 
(0)1 3944 1260 Fax +31 (0)1 3944 1268 


iHEUDON-BELLEVUE ta> sale, apart- 
ment wtir exceptional new of Pans, iffi 
sqjn, fourth Roar of a residence situated 
m a large park, beside Meudor forest. 
Completely private, three bedrooms. 2 
bafts, double living (3: sqjn.). fully 
equipped Mtehen, ceaar. mo oarage 
spaces Beltavue station Sum, dose to 
international school to Sevres. FF 13500 
Tet +33 (0]1 45 34 94 39 (home! or ( 0|1 
40 57 66 55 loftce) 


7th, ECOLE MfUTAfflE, 80 sq.m., 5ih 
boor vrilh view of Imofides Dome, entry, 
taring, dnng, 2 bedrooms, aiianJ-flriwg 
fuSy equipped desijw lotctien. American 
baft, idt approved. parqueL 3 fireplaces, 
motongs. smal tarace, maid’s roon, cel- 
tare, calm and sunny, shoppinq and 
transport m immediate area. Ptnms 
avanaw. FF 2.450.000 or USS 450.00a 
Owner Tet 433(0)1 47 05 32 30 


HOME SEARCH 
M PARIS 

■ spasaEzed n la class areas 
IUe Sain Lous. Marais...) 

• No upriron fee Open 7/7 days. 
Teff 433 (0)1 43 29 95 47 


LE VEStNET 

Rare: Top floor. LARGE 5 rooms, huh 
callings 4 63 som terrace very bsautW 
western view. Near centre town & RER 
Ready Oct ’97. FF3.35M + parting. 
Tet +33 ( 0)1 39 76 59 65 


EXPATRIATE SELLS 1907 sleek Dutch 
iron barge (living). Exceptional 30 m. 
Period lor taring and touring. Ranwaed 
« 1990. intenor designed with comfort 
quaHv. air and haapwss to idal 
ra50 tan «si oPans/ 

UBS 295.001 TeL 433(011 34 77 50 38 


VERSAILLES AREA 

LA CELLE ST CLOUD, 300 sqm Muse 
tang south. Treed B50 sqjn garden 
FFJ9M. TO £ Fax +33 (OH 39 88 40 52 


LE MARAIS. 18ft century high class 
bufldmg. 50 sq.m, decorated apartment 
entrance. Evmg. bedroom, fufy equoped 
kitchen, bathroom, security, caretaker. 
Ready to move m. FF1 500,000 tor iw 
rev FF7.500 oer morem Ter owner +33 
IW 80650875. Fax +33 (013 86963208 


VERSAILLES REGION, protected area. 
2-storv house. 682 sq.m. Excellent, 
equtoped candtam, 5 bedrooms. 78 
spjn. inrmg. fireptece. 4-car parking. 
6.750 sqm. garden, swimming pool & 
terns court. F7H. Fax +33(0|1JW7D778 


EXCEPTIONAL view - 2ist l/oor 
FF3 500.000 Unqufl opportunity in Pans 
110 sq.m, win terrace 30 sq. m.. 4 
rooms. Aren (tea designed appanmem. 
Fist skyscraper ft Parrs - Gobelins. 
Tel: +33 (016 08914556 800 to 900 pm 


IMQUE. HISTORICAL apartment, lull ol 
charm. 287 sqm or Champs de fibre, 
under Edfet Tower, sunny sde. Z levels 
ground rioor and basement. 3/4 bed- 
rooms. 3 bafts garden & gate cn part. 
Tel: Owner +33 (0J1 47 05 08 23. 


ILE DE SAINT LOUIS - 2/3 ROOMS, 
58 sqm., charring 4ft flow apartment 
Light spams, well (tspoced Eastern 
condition. FFi ,950,000. Tel. +33 
(0)1 4296 3786 Or Fax l0)1 4703 3693 


RARE. PLACE VENDOME (NEAR). 
Presagious location for eiegnl no room 
apartment 58 sqm. F 1.480.000. Owner 
Tel +33 (0)1 42EO 3932 foremen ng na- 
Cfuna) or +33 (0)6 4360 6180 (moode). 


PARE Eli. ctose Janhn des Plants. 2-3 
rooms, datote fnmg. 55 sqjn.. 3rd floor, 
etevarjr, east ms; exposure, sonny, 
calm, near 2 metros. FF1.2TO.OOO. TeL 4 
Fax. 33 ( 0)1 44 82 29 03 


7B • FEUCHERQLLES ■ TS ntins Pars 
La Defense. 17th century house. Listed. 
By Owner USS700.000. Tel: USA +1 
407-876*80 Fax -1 4Q7-87&8481. 


7Bl • EXCEPTIONAL - 180 sqjn. 18ft 
century taUdma overtotfang gardera. Tel 
am 433 (OB 09 78 63 44. w agents 


7th, UNJVEHSfTE. SAINT GERMAIN, 
275 sqm. bftle teception, 3 bedrooms. 
2 ttafts. manffi stofio. Poking. Refined 
decoration Tet 433 |0)i 45 04 20 46. 


NEAR ARC TRIOMPKE. deluxe apart- 
ment, 4isq m.. 2 rooms, suraiy. excenert 
ffirestment r900.000.Tel. +33 146225483 


40 KM PARIS |A13) 70 war (rid house. 
ZOO sqm n 1 hr. aiports FFftUCOO Call 
+33 (Op 5472 0835 Of (0)1 3030 1SS7. 


ST GERlIAfN DES PRES Cp fc? fix 
16ft cent, house, ideal cou ple. 2’4 
roans, calm, see. Tel +33 (0I143S3757 


4ft - 3 MINS POMPIDOU MUSEUM, 
95 sq ra, 2nd Ito. tngnr. aert o be 
done. FF1.750.000 +33 iO)i 42340^5. 


TROGADERO, 2-3 rooms, aid buriamg. 
about 65 M.m.. calm. 3 ecu celmgs 
character. FFi 6M +33 (0)14503363. 


RENTALS 


Paris Area Furnished 


15th - Uagrcflconi RaL wm cm Pans & 
Eflai Tosrer. laong WESCO. 1Q0 s; “ 

2 Bedrooms. Mj 40 sqat recsstisn. Tit 
tor. newly fumshedrequwel 
caretefier. Parting in bui/dfts. TeL -33 
1011 45 66 46 38. 


BTH-UHURY DUPLEX, eff Avenue 
Montaigne New. beautiful^- furmsned 
living room, amng area. 1 fcedresn. 
1 i(2 martie bafts, mcaem custom 
kitchen, imens'dishes. cuardien 3 
ffiORhS ft 1 vr. USA Tei 212-756^556 


CAPTTALE 1 PARTNERS 
Handpcked suafity apartments, ai sobs 
Pans and suburbs. IVe (reft >w aes: ' 
Tel +33(0)1 -4614621 1. Fax (0)1 +61 482! 5 


CHARMING 2-room flat m calm, pn rate 
house. Character. 50 sq.m, renevarei 
Uly furatfied. garden near gcH. 15 mm 
east Pans. FF 4200 / me Onmer Te: 
-33i0)i 45250113 Fax: |0)1 48342335 


15ft. TRIPLEX WITH THfflACE 4 bed- 
rooms. 2 bafts. 2 partings. From I cr IS 
Jutv u 1 Sept dr snorter. Tet HStaBS 
-31 70 3552626 er +23 (0)1 4419 0520 


310 - MARAIS - EXCEPTIONAL 
3 bedrooms. 85 sq.m. ctamcig. rew- 
vataL fully I unshed, uasfttr-drver. Tl. 




fith. ODEOS. hgh cSsa stufto m team 
house, hrily equroped. F550C net TeL 
evenng /weekati +K iffii % w 63 E7 


HOUSEBOAT tar rant. St Dad fcr-e 
Bos de BctflpgnB. Fran June B Acn: 
'SB Fumahetf. steeps 5 113 s^m. 
FFT.OQU'ma net Tet +33 Iffil 40122543 


Li MARAIS canter, beautiful 68 sqm. 
flat fuffltfed reft tatimm teg taster. 
Free row. Tec +33 !0)1 <2 77 SK 


Ideal accommodation- stiitej-5 bedreems 
Ouattv and ssrvce assured 
READY 70 HOVE IN 
Tel +33(0)1 4315B00. Fax [0)1 4312SSQ6 


AT HOME IN PAHS 

PARIS PROMO 

Apartmerts to rent furoshed or not 
Sales 6 Procerty Managanent Services. 
25 Av Hocte 75008 Pans F*0W56i 1020 

Tel: +33 (0)1 45 63 25 69 


VENDOME INTERNATIONAL 
BASTILE: tasetuiiy dscmateo.TTOsam.: 
seer m famous house mag az in e S5.0G0. 
5ft: overtcokfig me Sene & 

5 bhdges. 2 o 3 bedrooms. 
Parquet Boor. FF17000 
Serving afl four Rental Needs 
Tel: +33(0)142783330 Fax(U)14Z788340 


PARIS. 15th. ant 7ft. 2 nsras. 45 sqm 
cabi. dean, bright, turnisted, 5ft tar. 
W US oww. Ter +33 (On A56S 70S 


PARS 18ft. ta'ge egmyed sude. tegn 
class, mad servw. 1+3.000 per eeek 
Tec +33 1016 06 24 82 11 


Paris Area Unfurnished 


BEAUTIFUL APARTMENT, Pans TEft. 
Metro, dutel. sunny, 2=0 sqm. tugr 
ceitings. dmmg room, reception, cureau. 
rare bask casings. 4 bedrooms. 2 oafts. 
3 K3. modem kaftan 2 mams' roems. 
atom, cable TV. FF18.0C0 * FF3.E0O 
charges. Key money. Free 15ft. Au^ 
Cal +33 I0)f 47 27 96 46 rremngs 


LE VKWET. 10 mu from RER. 
asitment targe imng. 3 sedreems. 2 
S*s. no sqjrv. t*ge saicany. rsa' >> 
reratonai senses. No agency. T&- .33 
I5|1 34 BO 67 B4 Fax (0)1 33 33 37 34 


PORTE D'ORLEANS. audio, kitcnei. 
taJcony. vew, suren, Fr 3.200'rro + 
cftargB TeL +33 (OQ Z S2 32 37 



OF SAWT TROPE 

Draa oww. House in te^risc, tonished. 
decorated. 105 sqm. + terrace - Smal 
Provencal man on hNsda 3 Ions from 
die sea ( Port GrimauiL 5 ha. paik. large 
summing pool games, calm, carebtar. 
IT1.450.000. Tet +33 (OM 53 41 00 44 
or bom +33 (0)4 83 37 10 95. 


CANNES 

CALIFORKE 

Towrftouse, 6 bedrooms, 6 bathrooms. 

2 fivlng rooms. 1 rtaing room, terrace, 
swimming pooL Vtow on eea, w . 
cmfinng, garage, mstfs room. ■ 
5 nuns Pott Canto. UrgenL 
fsombert Tat +33 W 09 54 11 7A 
Fax: +33 (OH 93 89 84 89. 


NEAR CANNES, taarous Bpartmsit 2 
rooms, tense - togtaa. sea wew, on pri- 
vate estate, high security. Pros 
FF750000. Tel. +B (0)4 92 12 90 89 


ITHE OPPORUH8TY ! 
Fabulous vflta lor sale, umque eO around 
in Carnes, la CaBtomc". Ccnsct 
Spam, Fax: (34-71) 70 05 31 or POB 
1368. Patina de MaBoxa. 07060 Spam 


PERPIGNAN - ST. CYPREN-PLAGE. 
For sae by owner, strxfc apartment 22 
sqm, with parking and basement. For 
further deals contact A Vtaora. 

46 IUB ArtomB Bteh, 66000 Perpignan, 
TbK33 (0)4 68.54J3.79. 


MENTON- In historical part of toon, 
charming renovated house. 85sq.it, 2 
bedrooms, 2 bafts, sea view, earths yet 
ipnt, near beaches. FF1M. Tel +33 
10)143228543, rtoqardfltioagneUr 


Greece 


ATHENS near HILTON, quiet open 
view. THREE ROOM PSfflfOUSE ptos 
kitchen, 70 som plus terrace & balcony 
[25 sq.m.). Ar wndannad. SFr80,000. 
Ptease atejftoie -301 779 2289 


HJUKBKfc QueSy vacatsr. nomas. Pric- 
es start a: i00 KECU fc» a 3 -oecroom 
mira sntn swuming pool. iWote got 
osase under oeaflm wahin 3 wn Grew 
tcaian, esselent view n the sea. Call 
tor free bnsfture +3L94.368798 or Fte 
+30JIEE0898 


Great Britain 


SURREY 5 Bad House, Wrong, 0 fr- 
amed. apotfte Page on teak Heeft. 
25 vears (rid. Georgian, Attractive Stow 
Bncktntk, Urge. tfeJure. Wei S acked, 
Garden 225 lea. Eeeuffiri views. Steam 
5 mins, 22 nans London Waterloo, 
Hesftnw 30 runs (ACS). 9490000. Tet 
UK 44/0)1483 771771 ! Fax 771772 


ROAE-COUSEUH. Apartment wth ex- 
ceptional and umque view on Cotisarm. 
Antique building. Living room, ftning 
room. 2 bedrooms, 2 betta. otfice. krictv 
en. Furnished and demited By famous 
architect Fax +33(0)1 47 04 42 61 





ty 10 ntnjtas from center, 
tad Ccritactions tan. Tet 055 237 4487 
Fax 055 237 4525 


FLORBKE renovated Bat - 2 bedrooms 
- fuHy furnished weekly / monthly. 
Taf/Fac 39 438 989626. - 


THE INTERMARKET 
Starts . 
on Page 4 


tWv' 


fJj/prum, Sett ▼ 
recIinfiS Tfatarstetrfib 


Summer In France 



French Provinces 


LANGUEDOC, S. FRANCE. Fully 
equipped f steeps 8). beautiful, secluded 
house. Mth large svwimmg pod. to let 
June, Jdy and mrt of August Fax for 
our cotour brochure. It a beauKuO Fax 
+44 1483 414220 


PROVENCE / AVIGNON - Charnmg 
Provincial Villa, peaceful, orchards, pool 
15 mins Avignon, tram, airport Fully 
«Wppad. sleeps 11 July 1-31 (Avrgnor 
Festival). F35,000/mg. net Tel: +33 
(0)1 44506017 day / (0)1 45516490 eves 


DORDOGNE - On Active Organic Farm 
m rdyfle valley, farmhouse and cottage to 
tet. Sheep, ducks, hens reared. Birds, 
butteries, orchids grow nsturaly. Private 
god. Tet +33 (015 53 03 57 47 (EngKsh 
owner) or Fax +33 (0)5 53 04 23 79. 


PROVENCE: LARGE LUXURY VILA -2 
acre private gardens, supero pool/poof 
house. 3 bedrooms/battiraams, afi amsm- 
Ins. 2 satellite TVs Let: Sept?Oct 
Tal/Fte Owner +33 (OK 94 73 79 50. 


VAR PROVENCE, 1 hour vest of fee. 
Rent July / Aug., lovely provencal private 
home on 2 acres consist ng 3 bedrooms. 
2 bathrooms. All amenities. Pool. 
Sl.40(Vt*. Calf owner +33 (0)494732993 


BORDEAUX WRE REGION, 18ft cent 
house fn quet ullage, fully equipped 
4 bedrooms, large garden, table terms. 
2 tens Irom pcoftenrns. FF3.000 weeUy. 
Tat +33 (0)1 43 29 99 42 (erawigsl. 


BOURGOOiE sumptuous dwelling in 
park FF1.00D for 2 from mxWay In mto- 
day nckdng Auer, tuxmous bedroom, 
highly comfortable and royal breakfast 
Jet t-33 (Oil 40 60 01 01 


BRITTANY - BELLE ILE EN KR - 
Architechfs rife, 4 bedrooms, 2 bafts. 
AH equipped. Exceptional view. From 
June 1 si to July 14th and September. 
Tet Pans +33 (0|f 30 82 47 10 . 


JULY. Chaining mill in Normandy vil- 
lage. 15X100 sqm. gardens, healed poo i. 
Near god. riding, rems 50 runs Paris. 
Tet +33(0)145482119. Fax (01145492132 


SOUTHWEST FRANCE, Furnished 
house. 2 bedrooms, sofa sleeper. 1 baft 
5km from lake. 6km from ocean. Arraii- 
able May-OcL Tef 01O-75&ffi30 USA 


HOLIDAYS 


BOATS FOR SALE 


PARIS 

LES SUITES SAINT-HONORE 
★★★★ 

13, rue D'Aguesseaa, 75008 Paris 
Just off the Faubourg Saint-Honor 6 and The Etysee Palace 
A LUXURY APARTMENT HOTEL RESIDENCE 


Very exclusive, located in one of the most prestigious neigh- 
bourhoods: Faubourg Saint-Honore and Champs Ely sees. 
Thirteen personalized large apartments up to 1200 sq. feet 
completely restored in 1992 with fully equipped kitchens, liv- 
iag-dinmg rooms, as well as one or two bedrooms, one or two 
marble bathrooms and some with studies. 

Ideal for both family holidays and business trips, a perfect 
“pied-a-terre”. 

All hotel services. Daily maid service. Air condidonning. 
Underground parking. Complete security. 

For more information or reservations, please fax directly to: 
+33 (O) 1 42 66 3570 or call +33 (0)1 44 51 1635 


French Riviera 


CANNES (06) 

100 METRES CROtSETTE 

In a very hgh cfess residence 
Rantng wady: new aoatinents. 
fifiy equipped, from 2 rooms to 5 rooms. 
Dririex. Air cordocnmg. 

T V.. teteprone. Reception 
Hotel services "a fa cam’. 

Prices start from FF4.55D. 

Send tor free brochure S rformehon. 
CtTADWES. 

■ CANNES CROSETTF 
87 me (TAiitares, 06400 CANNES. 
Tfli (33) 9306 2777. Fax 9368 3084. 


LA CHOK-VALMER - 15 ton from Sart 
Tropez. inDa on beach, all comforts. 
8 rooms. 12 beds, huge garden, tenms 
court, garage, May S Oa FF5.QQ0 week. 
June & Sal FF8.000 tree*. July & Aug. 
FFi 5. 000 weak. Private owner. Tel: 
+33(0)4 90829925 Fax (0) 4 9065035E 


GRASSE: Far ram n Juie, July & Sapl 
A beautiful, quiet 8 comfortable 5 bed- 
room Baade nidi tans, svrirmng pod 
8 bowing, sal on 10 acres of ffliw trees, 
wieyatos & woods FR3.000 per month. 
FF35.000 per lortnighL Tel/Fax: +33 
(0)4 9340 7270 or +£! (0)4 9309 9095. 


CAP D - ANTIBES - Near beaches & goH 
Outstanding nka rwft pool. Sleeps 7. 
4 bedrooma. 2 baths. Air conditioning, 
sunny, garden. April to Oct Tel: owner 
+33 (0)493616021. Fax (0^93617063 


Parts & Suburbs 


A PARISIAN HOLIDAY IN LUSHEST 
park setting. Beautiful 1890 via In PaV 
of MAIS0N5-LAFFITTE, rrdhtii wafting 
distance of chateau. 20 tons west s 
Paris, 18 minutes by RER to center. 
Total elegance and comfort lor 5 to 7. 
July, Sept. & OcL USS6.000 / mote 
fei 2 weeks. Fax +33 (0)1 47 0088 36 


f V nuXtm, 




FRENCH RiVERA 

SAM-JEAN-CAP-FSfHAT 
Attractive via (aora) 
unobstructed mews on die eea 
5 bedrooms, 3 bathrooms, lerraces. 
Sninrrtng ooor 

Choice of other vfflai for rmL 

19, Bid du General Ladarc 
06310 BEAULHI-SUR MER 
Tet +33 (0)4 93 01 04 13. 

Fax: +33 (DM 93 01 11 98. 


HEAVEN NEAR SAINT TROPEZ - 
Large. qureL totally private 10 acre es- 
tate with 1 9th century main house. 
guestiStaff house and large pool. Dina on 
vmwsovered tenace overtootong forest 
and vneyard. 10 mins to beachestowa 
Warn house sleeps 9. 2 bafts. Guest 
house deeps 3 1 bath. Mr. 1 month. 
Jiftr Istto Aug 15ft Price: SlSJXXVma 
Tel- Pans +33 (0)1 48 06 20 12. Fax: 
|0}! 42 75 92 74. otprSyouirJrraJr 


NICE-LUXURY COWX), FURMSHED 
110 sqm. 2 bedrooms, 2 bafts, 2 ter- 
races, Mediterranean mew, ctose to 
beach Available after July 1. 0. Susset 
Fax: 1-401-331-7429 Teti 1-401-331-1055 


SL MANDE. Close (0 metro Nattan. 
bright, charming flat 2 rooms. luBy 
fuwied DaSy, weekly, or monthly rat 
Tet +33 (0)1 43 98 30 02 


16th, June, July, Aug. Sept 2-room Ste, 
2 angle beds. FFS.OOO per month + l 
month deposit Tel: +33 (0)1 4525 2654. 


CLOSE LOUVRE fully equppad studio, 
bright and spades. FF350 daily. Much 
lower tong term rates. Tel: owner +33 
(0)1 42 96 39 67. Fair (OH 42 61 47 24. 


35 KM NORTH PARS, elegant tetory 
house, garden, rural setting Aug 2-21, 
SSXVwk. Tei +33 (0)1 34 68 03 45 


BETTER THAN A HOTEL! Enjoy excep- 
tional 55 sqm flat, view Sana 5750fvk, 
induing RnetVdaartlng. Teb(0)i424925il 


LUXEMBOURG GARDENS, 3 rooms +. 
15/7 - 15/9. Steeps 3. FFB.OOfl/rno. + 
FF4.000 dapoaL Tef +33 (0/1 46338018. 


>--.xni of 




- r." .• 

' • 


APACHE 47 

ENGINES 3\ COBR\ 
850 fip/8 cyl. 
ESTIMATED SPEED 
95 KNOTS 
RECENT OVERRAHL 

Please contact Tel/Fax (+41) 75 233 3357 
for further Information 


Holidays and Travel 


EXCLUSIVE TRAVEL SERVICES 
I an your persona! tour guide and travel 
consultant. Luxembourg Teirtax: 
-35Z51.76.03 


Lebanon 


HOTEL AL BUSTAN. East of Beirut. 
5 Star dekae. Exceptional location, secu- 
rity, comtort. fine cusme, convenltons. 
business senneet. satterne TV. IB mm 
transfer from airport free UTELL Fax. 
t+l) 212^781S1 / (+33) 1011 -47200087 


Holiday Rentals Wanted 


HARTMQUE WEST HUES M Waeta 
July - August Large house, newnum 6 
bedrooms + staff. Tax U K. 44 (0) 158 
£78 3569 


Holiday Rentals 


Costa Rica 


COSTA RICA-Centrai voley; Luxury 5 
bedroom via on gftofl farm, pod, jtttf- 
zi. gym, tennis can From US&MO- 
week a craaromhoMstaro- 
Ins rw Fan ^5064584618 TeK5S4619 


Caribbean 


ST. BARTHELEMY, F.WJ... OVER 200 
PRIVATE VACATION VILLAS ■ beach- 
from to rMute etth pools. Our agents 
have inspected aS villas personally For 
reservations on Sl Baits. Sl fiiterim. An- 
guda. Barbados, fifastirate. Ihe Virgin Is- 
lands.. Call WlMCOriSfflARTH - U.S. 
I40l)849-8012r1ax 0474290, Irom 
FRANCE 05 90 16 20 ■ ENGLAND 0 
■800-89-8318 


JACMEL, HAITI ■ ExtnoriJfwy, Histone 
house by sea in lovely tranquil town. 
Lonq'short term, hrexpensivfll ToMax 
+33 (0J1434S8996 Or Ta +1 2129791240 


Indonesia 


BALI OCEANFHOffT VILLA 
New 4 bedrooms, a bafts - Kuta Beach. 

Luxury pnvate vtfa. ar condmortno. 
lacuzzi. pool tamo. 10 staff. USSSOfttay. 
FAX: (65) 738 6009 


SARDMA - CAPO CODA CAVALLO 

Beautify* 600 son rife. 75 km south of 
Porta Cwvo (Costa Smeraida), 50 km 
squrn of Porte Roondo, msttem dosflfl. 
Ufy tomisned, on sanoy beach. 3 double 
oedrooms. 6 bathrooms available May. 
June, July. September. Tel: +39 335 
<73405 Fax +39 2 90571117 attrr Mar- 












































































































































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Ohrgums are ricbfy regarded vitb gift 
CF «*/*e«« to make their f/jy j specif 

experience. 


SHU I 
<£> 


IM-IK33-3IJI 


**+ fk ESTERS VfiOVILpte# 

licml o^A^ fcnbunc 

BUSINESS/FINANCE 



SOhr guests art ricbfy rewarded with gift 
i certificates to make tbeir story a special 
experience. 

iHii'l* 




ur -^r- (82-3)233-3131 


FRIDAY MAY 16, 1997 


PAGE 15 



Ga JP ro, n» Ren J Vyakhirev, left, and Russia’s first deputy prime minister, Boris Nemtsov, 
exenaoging greetings Thursday in Moscow at a meeting on the future of the natural-gas company. Page 17 


f 

Swiss Bank Corp. to Buy Dillon Read 


By Peter Truell 

New York Tunes Senice 


NEW YORK — Swiss Bank Coip. 
said Thursday it would acquire Dillon 
Read & Co. for about $600 million, in 
another sign of the determination of big 
European batiks to build investment 
banking franchises in the United S tares 

Swiss Bank said it would incorporate 
Dillon Read and its 730 employees with 
SBC Warburg Inc„ its investment bank- 
ing and capital markets unit. 

“We want to be able to offer the 
widest possible range of investment 
banking services to our clients world- 
wide and that requires a first-rate U.S. 
investment banking presence,” said Si- 
mon Canning, president and chief ex- 
ecutive of SBC Warburg. 

Dillon Read, an illustrious New York 
investment banking name with a storied 
history dating from 1S32. now spedal- 
4,izes in advising companies on mergers 
, and acquisitions and other capital mar- 
kets business. 

Swiss Bank paid handsomely for it 
The $600 million price tag represents a 
sum equal to three times Dillon’s book 
value, giving big profits to the film’s 50 
partners who own 75 percent of the 
company and to ING Barings, the sub- 
sidiary of ING Group NV that owns the 
• other 25 percent- ING’s long-running 
negotiations with Dillon's partners to 
acquire all of the firm finally collapsed 
earlier this week. 


[An ING spokesman, Ruud Polet, 
said the bank was unaware that Swiss 
Bank was poised to step in if its bid for 
Dillon Read fell through, Bloomberg 
News reported. “We take notice but we 
are not pan of that deal,” he said. 

Mr. Polet said ING would continue to 
build its operations in the United States 
and keep looking for suitable acqui- 
sitions there and elsewhere. “We are 
not in a hurry,” he said.] 

The price for Dillon may seem high, 
but established American investment 
banks are hot properties. Analysts gen- 
erally expect that this acquisition, which 
follows Bankers Trust Corp.'s recent 
purchase of Alex Brown Inc., an in- 
vestment bank, and Dean Witter, Dis- 
cover & Co.’s pending merger with 
Morgan Stanley. Group, will be fol- 
lowed by other mergers and takeovers in 
the investment banking world. 

There are frequent rumors about any 
number of banks and securities firms, 
including J.P. Morgan & Co., Chase 
Manhattan Corp., Narionsbank Corp., 
Bank of America, Lehman Brothers 
Inc., Salomon Brothers Inc.. Donald- 
. son. Lufkin & Jenrette Securities Corp. 
and Oppenheimer & Co. In recent 
weeks, all these firms have declined to 
comment on rumors about their involve- 
ment in potential combinations with 
other companies. 

Now,' there are more regional banks 
entering the field, after the Federal Re- 
serve recently relaxed its rules gov- 


Thinking Ahead /Commentary 


A Chance to Finish the Marshall Plan 


By Reginald Dale 

International Herald Tribune 



W ASHINGTON — The 50th anniversary of the 
Marshall Plan next month should be a time to 
look to the future as well as to the'past. For 
while the plan must be history’s most suc- 
cessful international recovery program, it is still incom- 
plete. • 

Although the Soviet Union and the countries of Central 
and Eastern Europe were invited to take part in the Marshall 
Plan in 1947, Moscow turned down the offer. 

Now, for the first time in history, the ^ ^ ^ ^ ^ 
opportunity exists to unite the whole 
or Europe peacefully and democrat- 
ically through the eastward extension 
of the main postwar institutions in 
Europe, the North Atlantic Treaty Or- 
ganization and die European Union. 

But on both sides of the Atlantic 


The opportunity exists 
now to unite the whole of 
Europe peacefully. 


there is widespread failure to appreciate the momentous 
nature of the task, fri the United Stares, NATO enlargement 
is commonly seen as an exclusively American affair. 

The EU’s prospective expansion is considered — if it is 
considered at all — to be of secondary significance, perhaps 
comparable to Mexico’s inclusion in the North American 
Free Trade Agreement. There is little recognition of me 
importance of European unification for world peace, for 
U.S. economic interests and for me future of Western 

^ 'in' Western Europe, too. however, people tend to see me 
EU's enlargement not as a historic opportunity but as a 
source of niity -gritty trade and economic problems. Some 
— especially in Britain — consider it a chance to sabotage 
foreverthe plans for a tightly knit, federal Europe mat many 
of the postwar champions of European unity had in mind- 

It is the Central and Eastern Europeans, only recently 
released from Soviet domination, who see the issues most 
clearly. At a conference organized by me European In- 


stitute here last week, representatives from the Central 
European countries were the most inclined to echo me 
vision of Europe’s founding fathers. 

Central Europeans, said Ferenc Somogyi, a senior Hun- 
garian official, feel “an emotional attachment” to things 
that existing EU and NATO members take for granted. 

That perspective is understood at me higher levels of the 
U.S. administration. Rudolf Perina. a senior State De- 
partment official, pointed out mat never before had Europe 
been without empires or competing ideologies, or shared so 
many basic values. 

Misconceptions, however, are rife among a wider public. 

Americans often suggest that die EU 
should rush to admit the Central Euro- 
peans. mat die planned European single 
currency, the euro, will make their 
entry more difficult, and that individual 
countries left out of the first round of 
NATO enlargement should be com- 
pensated by early EU membership. 

But me single currency need not be a problem. It will be 
perfectly possible, “respectable,” in me words of a British 
diplomat, to be a member of the EU and not part of me euro 
zone, as Britain and other countries will soon demonstrate. 

As for timing, that is now up to the candidate countries. It 
depends on how fast they con prepare for competition in the 
EU’s single market and adopt its rules. With average per 
capita income in me 1 0 Central and East European applicant 
countries still less than a third of the EU average,- it is clear 
than many of mem have a long way to go. 

Certainly a way must be found to ensure that all me 
Central European countries are included in the integration 
process, whether or not they make the first round of NATO 
and EU expansion. But premature membership in a club in 
which they cannot compete is not the answer. 

What is important is that governments fully understand 
how much is at stake when the time comes for them to ratify 
the eastward extension of me Western institutions. Re- 
membering George Marshall can help them do that. 


CURRENCY & INTEREST RATES 


ross nates , ■ 

UtS 113 1.1M 03337 UU' — 

a- 2 S; s & 

'fS ^ ££ SIS iraST ^ ,i517 “» 

- 15 
Oosktgsto Amsterdam. London. MBan. Paris and 2*** 
pjn. and Taranto rates at gf jott N.O.- not t/veted; NJL: i 

rr. To buy one pound: o: To bur one aoSar: </wts 07 

Other Dollar Values 

Cornier 


May is Libid-Libor Rates 


May 16 


Amstericm 

Brunei* 

FrarWon 

Loodoo (a) 
.Madrid 
MKaa 

Nn> York (h) 

Paris 

Tofcr® 

’ Toronto 
lurid* 

1 ECU 
1 SDR 


a mm 
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uni iass 

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lisa M5S6 
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not ovoBoble. 


Swbs Freoeft 

D-Mark . Franc States Franc Yen ECU 
1-monlh Ste-SH* 3-35% lfe-1'lfe 6¥»-6V» 3*»-3Vit 4-4* 

3-month 2*»-3U 1*-1* 3V»-3W >4-5% 4M-41* 

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1-year 6»-«% U*-l* 6*-7 3%-3W Wl»-Wi 4*-4U 

Sources: Reuters. Uords Bank. . ■ 

Pales appScabto to Mertsenk deposits of SI nation hMmm for equlvaiem. 


Key Money Rates 


Per* 


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rinnith fcrnnr 41155 lirMSM**. "JL 
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Currency 
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N. Iceland S 
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PM-P «• 
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Saudi rtia* 
rn-5 


Per* 
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1.4351 
71)1 48 
2637 

175 
170.B7 
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175 

1^318 


Cur w cy Per* 
5. Mr. rate 4488 
5. far. wad «9'-« 
Swed. krona 7J729 
Taiwan S 27.7B 
7WW 2S£3 

Turkish Bra 137060. 
UAEdMmai 1671 
Veoez-bolhf- 48Z25 


Forward Rates 


Coneocy 
Pound Sterling 
Cmio&adoBof 
OouKclttmark 


UMOV 90^07 earner 

is !i 

1.68W 1l479S 


JOHJoy tOrias 

1150* H4.49 11^02 
1.3218 1-4169 '-4122 


ornmeta mart 16870 ’’ *««, Commemtote 


Unttad Stale* 

Dluiunt rate 
Prime rale 
Fedend Iliads 
90-day CD* detden 
180-doyCPdeate* 

3 raoulta Treraery MB 
T-year TieiMWT bB 
3 year T notary MU 

5- year Trwery eote 
7-ynr Treasury ante 
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30-year Tmary bond 
Menfl Lynch 30-day RA 

Joann 

Diseeanf rate 
Cattiaeaer 
1-moutt intertw* 

3-BonJb iatertwnk 

6- maan latotaik 
10-year Ge*t hoed 
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6-mmflh iaRftKBk 
10-year Bund 


Ctaee 

5 DO 
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5U 
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650 
421 

651 
457 
466 
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060 

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552 

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653 

659 

468 

489 

4.98 


050 

041 

052 

054 

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2£2 


450 

110 

115 

320 

125 

565 


Britain 

Book base rate 
Cal money 
1 -month Metkaek 
3 m o nt h fcderhmkk 
6 month laterhnnk 

10-TtarGW 


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Lynch. Bank of Tak yo-MIrsoO’Sht. 
tteem te A CadBLyawis. 


31k 
3V, 3V, 

3U 


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NX 34625 -265 

348.10 34660 — 2J0 

Neat York 34850 34440 +420 

\JS. doBors per oona. London otfiefat 
Hangs; Zurich and New York 

and dosing pitas: New You. 

LhmeJ 

Sooner Reuters. 


A Currency Bloodbath Turns Global 

As Thais Protect Baht, Pressure Spreads to 2 Other Continents 


By Erik Ipsen 

International Herald Tribune 


Thai Currency 


eming me size of securities units that 
banks may own. Several big regional 
banks have recently begun applying to 
me banking authorities to set up se- 
curities subsidiaries. 

“This is the type of deal one would 
expect to see,” said Sallie Krawcheck, 
an analyst at Sanford Bernstein & Co., 
“One of the small- to medium-sized 
brokerage companies being sold to a 
larger player with global aspirations.” 
The acquisition, she said, should help 
Swiss Bank in me United States, be- 
cause “Dillon Read has an extremely 
strong reputation.” 

John Keefe, an independent bank 
analyst, said Swiss Bank, while it has a 
leading position in European invest- 
ment banking markets, certainly * ‘needs 
as much mass as they can get” in the 
United States. 

“This combination is an excellent fit 
for both firms,” said Franklin Hobbs, 
Dillon Read’s president and chief ex- 
ecutive officer, “as it will enhance sig- 
nificantly me capabilities and resources 
we are able to offer our clients and the 
career opportunities available to our 
staff.” 

Dillon Read, which has not histor- 
ically disclosed financial results be- 
cause it has been a private company, has 
certainly been profitable, according to 
its cop officers. 

“Since 1 98 1 , we have had an average 
return on our equity of 21 percent,” said 
John Birkeluna, Dillon’s chairman. 


LONDON — Thailand's bitter battle 
with currency speculators leaped its 
Southeast Asian fire walls Thursday as 
currencies as far afield as the Czech 
Republic and South Africa came under 
pressure. 

Thailand raised short-term interest 
raies to well over 1,000 percent in a 
winning effort to squeeze currency 
speculators. 

But me strategy, designed to defuse 
speculation mat Thailand or any other 
Asian country might weaken its cur- 
rency as Mexico did ihree years ago, 
could throttle an economy already grow- 
ing at its slowest pace in a decade. 

The baht strengthened Thursday. 
with the dollar falling to 252.9 baht, its 
lowest since August. Thailand success- 
fully enlisted the aid of central banks in 
other Southeast Asian nations Wednes- 
day when the dollar reached 2 5.50 baht, 
triggering me biggest rally by die baht 
since January 1995. 

But even as the battle for the baht took 
a decisive turn for the better in Thailand. 
Southeast Asian stocks tumbled amid 
concern mat investors would flee Asian 
markets. 

The benchmark stock index in Thai- 
land fell 2.4 percent to a seven-year low. 
while Malaysia's lost 2.9 percent and 
markets in Indonesia and me Philip- 
pines rumbled more than 2 percent. 

“Everything is crumbling in Asia,” 
Hugh Young, managing director of Ab- 
rrusl Fund Managers (Singapore) Ltd., 
told Bloomberg News. “People got jit- 
tery.” 

Investors are worried that weak real- 



Source: Bloomberg l 

estate markets, bad loans and slowing 
economic growth in Southeast Asia 
could trigger another Thailand-like dis- 
aster in the region, perhaps in the Phil- 
ippines or Malaysia. 

The Philippine central bank raised a 
key interest rate twice Thursday, and 
Malaysia pushed rates higher to prevent 
an attack on their currencies. 

No analysts in Thailand would say 
that the attacks on the baht were over, 
and most economists continued to argue 
against devaluation, saying a cheaper 
baht would fail to solve me country’s 
problems of a high current-account def- 
icit and a cooling economy. 

Some economists now fear mat die 
medicine of high interest rates mat 
worked so well against speculators 
could hurt Thai industry. When interest 
rates get as high as they did Thursday, 
said Paul Chertkow, head of foreign 
exchange at Union Bank of Switzerland, 
“markets begin to focus in on how some 
domestic companies can survive.” 


Bangkok aims to keep interest rates 
high, crimping demand and curbing im- 
ports, to trim its current-account deficit, 
now among fbe world’s highest at about 
8 percent of gross domestic product. 

On Wednesday, me central bank cut 
its forecast for me country’s 1997 GDP 
growth to 6 percent from 7.1 percent, 
which some economists said was still 
too optimistic. 

The bank will announce revised fore- 
casts Friday. 

Financial issues, including Bangkok 
Bank PCL, die country’s biggest bank, 
led die decline among stocks Thursday 
amid expectations that die rising interest 
rates would trigger more loan defaults. 
Economists have predicted mat eco- 
nomic growth for the year, which they 
estimate at 5 percent, already would 
slow by a half percentage point because 
of interest-rate increases instituted be- 
fore Thursday. 

Further afield, speculation against me 
Czech koruna grew so intense Thursday 
that the central bank was forced for the 
first time in 15 months to intervene in 
markets by buying its currency. The bank 
also announced plans to raise its discount 
rate Friday to further aid me currency. 

In South Africa, mere were uncon- 
firmed reports dial me central bank had 
needed to intervene in support of me 
slumping rand. 

Meanwhile, some analysts blamed 
recent weakness in Brazilian bond and 
stock markets on a similar set of foreign 
concerns over die deterioration in that 
country’s trade accounts. 

“The market is focusing now on any 
countries that are running a big balance- 
of-payments deficit,” said Richard Gray, 
an economist with Bank of America. 


Kuwait Sells Off $2 Billion Stake in BP 


By Peter Truell 

New York Tune s Service 

NEW YORK — Kuwait 
sold a 3 percent stake in Brit- 
ish Petroleum Co., worth $2 
billion, in what several 
bankers said was the largest 
trade ever of a single block of 
shares. 

The transaction, involving 
170 million shares, was done 
through Goldman. Sachs & 
Co., which bought the shares 
Wednesday and placed mem 
with institutional investors 
around me world Thursday. 

The sale is a stunning ex- 
ample of how big and liquid 
the world’s financial markets 
have become as financiers 
take advantage of rapid de- 
velopments in technology 
and communications. 

It was me latest of several 
block trades recently carried 
out by Goldman. Sachs. In 
February, Carl Icahn. me fin- 
ancier, sold 19.93 million 
shares of me RJR Nabisco 
Holding Corp. through Gold- 
man for $732 million. The 
firm also sold $934 million of 
Guinness shares for LVMH 
Moet Hennessey Louis Vuit- 
ton in January. 

Kuwait will retain a 6.3 
percent stake in British Pet- 
roleum, but the sale weighed 
on BP’s shares Thursday. 
They closed at 724 pence 
($11.88), down 21. 

Kuwait's sale further pares 
the huge slake in British Pet- 
roleum that it took after the 
1987 stock market collapse 
interrupted the British gov- 
ernment's sale of its shares in 
the company. Then. Kuwait 
bought 21.6 percent of BP, 
but British regulators ordered 
it to reduce its share to 9.9 
percent, saying me sizable 
holding might “operate 
against me public interest.” 
That ruling prompted the 
Kuwaiti government to part 
with investments it had orig- 
inally planned to hold for 
many years. 

Still, Kuwait did very well 
from its investment. In 1987, 
as it was building up its stake, 
Kuwait paid $417 million for 
4.9 percent of British Petro- 
leum. 

The huge sale was accom- 
lished rapidly Wednesday. 

e Kuwaiti government 
acting through its advisers at 
Schroders PLC, the British 
merchant bank, approached 
Goldman, Sachs after -the 
close of business on the Lon- 


don Stock Exchange, asking 
for bids for 1 70 million shares 
of British Petroleum, accord- 
ing to sources familiar with 
the transaction. 

• Goldman, Sachs made a 
successful but undisclosed 
bid for all the shares, essen- 
tially pledging to put up close 
to $2 billion to acquire mem. 
me sources said. The firm 
men began offering mem to 
its clients around me world at 
716 pence a share, a discount 
on me London stock ex- 
change closing price of 745 
pence a share. 

As word of the huge sale 
spread through me market in 
New York late Wednesday. 


mere was a rush by investors 
to trade American depository 
receipts of British Petroleum. 
That caused an order imbal- 
ance, which prompted the 
New York Stock Exchange to 
halt trading for 26 minutes. 

After trading resumed, 
British Petroleum ADRs 
closed Wednesday at 
$14125, down $3.75. 
Thursday, me ADRs rose 75 
cents to close at $142. ADRs 
are me typical way foreign 
shares trade on the New York 
Stock Exchange; each ADR 
of British Petroleum repre- 
sents 12 shares of me Lon- 
don-based company. 

The Kuwaiti government. 


through its investment office 
in London, issued a statement 
confirming mat such a large 
sale had occurred but without 
specifying me company, re- 
ferring to it only as “Dhow.” 
a term for a classic Arab sail- 
ing boat. People familiar with 
the transaction said Dhow 
was me code name for British 
Petroleum in the secretive 
preparations for the sale. 

The Kuwaiti government 
said its remaining 63 percent 
stake in BP represented “a 
core investment for the Fu- 
ture Generation Fund of 
Kuwait" Kuwait “will re- 
main a significant investor” 
in me company, it said. 




***** 

* EUROPA * 

* fund* Lining * 

***** 

NoSca is harabv given that the 
Annual General Meeting of the 
Cocipany wil be heklat the 
Comj 
Hemispl 
Harbour 
Grand Cayman, Cayman bland* 
on 30th May 1997 
at 11:00 cun. 

AB shareholders are invited 
to attend or to appoint 
a proxy to attend. 
Information: Carol Mrcheu 
E tiropa Funds Limited 
Teh (441) 295-9166 



The Monte Carlo Investment 

Forum 

Exhibition & Conferences 

5 & 6 June 1997 - Le Sporting, Place du Casino 

1. Which Asset Management Strategy & Instruments for Tomorrow? 

♦ Corporate Performance. A comparative Analysis- Professor Lucian Be be hn It. Harvard Univcnh 

♦ European Portfolio. A Proven Management Style- M. S. Pinto. Dir. LCF Rothschild 

♦ A Global Approach to Investment Strategy- M. Bijal Shah. Strategist, Merrill Lynch 

♦ Investing in Emerging Maritets- M. F.D. van Loon. Managing Director, ING Bank 

♦ Managing Futures- Mr. Gerard Iwema, Financial Advisor, Prudential Bachc Securities 

♦ investing in Derivatives- Mr. Paolo Fa! dint. Managing Director. MC Derivatives Program (Mil 

♦ Asset Management Diversification: Currencies- Mr. Michel Santini, M.D. FTF Forex 

2. Luxury: Growth & Opportunities 

♦ Mrs. Mireille Maury. Chief Financial Officer- Hennfes 

♦ Mr. Marc Wittanme. Manager, Investor Relations- L.V.MJI Group 

♦ M. Luciano Abbaii. Managing Director- Versace Parfnms 

♦ Mrae Katherine Biunden. Deputy Managing Director- R£g£val Fimagest 
« Mr. Edouard de NazeOe. Managing Director. Champagne Veuve Clicquot 

3. What are the Consequences of the Euro? 

o Mr. Lament Cobcn-TanugL Cleary. Gottlieb. Steen & Hamilton. (Paris) 


Mr. Sean Hanafin, Citibank (London) 

Mr. Lawrence B. Lindsay. Fr. Member of the Federal Reserve Board (Washington, D.C) 


4. Hong Kong: Who will benefit from the Transfer of Sovereignty? 

* M. Joseph K. Lee. Regional Director (Europe!- Hong Kong Trade Development Council 

♦ Mr. Y. S. Daniel Lai, Lai, Chan. Lo & Partners (Hong Kong) 

• Mr. Marc Faber. Managing Director- Marc Faber Limited (Hong Kong) 

♦ Mr. Alexandre Vilegrain. Vice President. Groupe Vilegrain (Paris) 

a Moderator. Mir. J. MecWIany. Managing Director- Julias Baer (Monaco) 

5. Monaco, the Newly Bom Financial Center? 

* M. Henri Fissore*. Government Connceilor for Finance & the Economy 
« ■ M. Jean- Pierre Campana Director for Economic Expansion 

a M. Joscpb-Alain Sanzier. General Delegate. Monaco Banking Association 

♦ M. Earaonn McGregor. Managing Director. Moores Rowland (Monaco) 

♦ Mr. Alain Fhesia. Etesia Consulting < 

* Mr. Raoul Boni. President. Real Estate Association of Monaco 


ABN-AllRO Bank N.V. H<ralh^£s££riiraBf 


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PAGE 16 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, MAY 16, 1997 



THE AMERICAS 



t 655 — 


Advanta Card Fees to Soar 


Blue Chips Set Record 
As Rate Rise Recedes 


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Bloomberg News 

SPRING ; HOUSE, Penn- 
sylvania — Advanta Cprp., long 
known for offering some of the 
best deals in the credit card busi- 
ness, will soon become one of the 

g ricier card issuers in the United 
tales, analysts say. 

Advanta plans to double fees for 
cash advances to 4 percent of the 
amount advanced, increase late- 
payment penalties by $5 to $25 and 
is reserving the right to impose a 
$15 fee on cardholders who do not 
use their card for six months. Cus- 
tomers who do not like die changes 
need to give up their cards quickly, 
since Advanta is reserving the 
right to slap a $25 fee on anyone 
who closes his account after July 
1. 

For those who keep their cards, it 
will cost more to carry a balance on 
an Advanta card. The company. 


based in Spring House, plans to 
increase annual interest rates 2 to 6 
percentage points, from 16.99 per- 
cent to as much as 22.99 percent, 
depending on the customer. 

The changes will make Advanta 
one of the nation's most expensive 
credit cards, said analysts at Mer- 
rill Lynch, and will probably 
prompt many customers to close 
their accounts. 

Janet McCabe, an analyst at 
Legg Mason 'Wood Walker in Bal- 
timore. said. “They're making the 
largest increases to the riskiest 
customers to drive them away.’" 
Advanta is expecting added rev- 
enue from fees and higher interest 
rates to offset the impact of cus- 
tomers who close their accounts, 
Ms. McCabe said. 

Pamela Godwin, senior vice 
president of Advanta's credit card 
division, said the company was 


* ‘repricing certain situations based 
on risk.** 

Advanta has been struggling 
with losses from customers who 
have defaulted and recently 
warned that the problems could 
force die sale of the company. The 
company lost $19.8 million in die 
first quarter, and has been seeking 
new ways to raise revenue ana 
weed our risky accounts. 

Advanta, in a notice sent to cus- 
tomers this month, said those who 
do not like the new" fees could close 
their accounts until June 30 with- 
out being charged the $25 fee. 

Advanta grew to become the 
nation's ninth largest credit card 
issues, with more than $12 billion 
in outstanding loans, by luring new 
customers with cards offering no 
fees and low rates at a time when 
many rivals were charging 19.8 
percent rates and $20 annual fees. 


G -months Oar SugFmn Daf&ziin 

NEW YORK — Stocks rose 
Thursday, with blue-chips setting a 
■record, after unexpectedly weak 
manufacturing reports suggested 
the Federal Reserve Board would 
not need to push interest rates much 
higher. ... . 

Reports on factory utilization 
across the country and a snapshot of 
Fhiladelphia-area manufacturing 
suggested that growth was slowing 
from its decade-best rate in the first 


quarter, dim inishing the potential 
for inflation. 


Imenutioiul KeraM Tribune 


Marathon and Ashland Join Forces 


Very briefly: 


Kmart Posts 4th Straight Profit 


TROY, Michigan (AP) — Kmart Corp. said Thursday it 
earned $14 million in its first quarter, the fourth consecutive 
quarterly improvement for the third-largest retailer in the 
United Stales. 


ended April 30 contrasted with a loss of $99 million a year 
earlier. Sales rose to $7.26 billion from $6.98 billion. 

The 1996 results were affected by a $61 milli on charge for 
Kmart 's sale of its stake in Thrifty PayLess Holdings Inc. and 
a re-evaluation of its remaining holdings in the regional drug- 
store chain. Kmart, which trails Wal-Mart Stores Inc. and 
Sears, Roebuck & Co. in size in the U.S. market, has been 
trying to return to profitability for the past few years by selling 
off subsidiaries, closing unprofitable stores and focusing on its 
core discount operations. 

Separately, me San Francisco-based retailer Gap Inc. said it 
earned $84.3 million, or 31 cents a share in the quarter that 
ended May 3. compared with $8 1 .6 million, or 28 cents a share, 
a year earlier. Sales were $1 J23 billion, up from $1.11 billion. 


Bloomberg News 

HOUSTON — USX Corp. and 
Ashland Inc. said Thursday they 
planned to combine their refining 
and retail fuel sales businesses, cre- 
ating the fouxth-largest producer of 
gasoline In the United States. 

USX-Marathon Group, the Hous- 
ton-based oil division of USX Corp. 
of Pittsburgh, will own 62 percent of 
the joint venture, which will have 
assets valued at more than $5 bil- 
lion. Ashland, based in Russell, 
Kentucky, will own 38 percent. 

If approved by federal regulators, 
the venture would be the latest in the 


refining industry, which has seen 
weak profits in recent years because 
of overcapacity and increased com- 
petition. Marathon and Ashland may 
cut costs by laying off workers and 
closing storage terminals, refineries 
and gas stations, analysts said. 

“When you have overlapping as- 
sets, there are much greater pos- 
sibilities for creating efficiencies by 
closing redundant operations,” said 
Michael Young, an analyst with 
Deutsche Morgan Grenfell. 

The joint venture will have 5,400 
service stations and convenience 
stores across 20 states, and it will 


6 percent 
capacity, toe companies said. 
Ashland and Marathon did not 


provide details on possible staff cuts. 
In a statement, the companies said 


In a statement, the companies said 
there would probably be “work 
force reductions and job reassign- 
ments,” but that the long-term 
growth potential of theventure might 
provide future job opportunities. 

The companies also said they had 
no immediate plans to close refiner- 
ies. 

Shares of Ashland rose $1 to 
close at $46.50. Marathon rose 50 
cents to $28,625. 


for inflation. 

They outweighed an earlier re- 
port from the Labor Department 
showing that consumer prices, ex- 
cluding the volatile food and eneigy 
sectors, rose 03 percent in April, the 
largest increase since September. 

‘ ‘The markets either don't expect 
a Fed rate increase or they expect a 
benign one," said Laszlo Birinyi, 
who runs his own research firm in 
Greenwich, Connection. 

The Dow Jones industrial aver- 
age closed 4739 points higher at a 
record 733335, while die broader 
Standard & Poor's 500-share index 
closed op 5.83 points at 841.87. 
Advancing issues narrowly edged 
declining ones on the New York 
Stock Exchange. 

The price of the benchmark 30- 
year Treasury bond rose 5/32 point, 
to 97 even, caking the yield down to 
6.86 percent from 6.89 percent 
Wednesday. 

“If rates stay fairly stable and 
inflation doesn't seem to be a huge 
threat and the economy continues to 
grow, then the market looks OK," 
said Steve Mmdnich, bead trader at 
Jefferies & Co. “There’s still a ton 
of money coming in.*' 


Technology issues led the rally, 
with Informix rising 1 15/1 6 to 1 1 % 
on speculation the database system 
maker would be taken over by. Mi- 
crosoft. Microsoft rose VA to 
117%. , _ 

Amazon.com, a money -losing 
order-by-Internet bookstore, rose 
strongly on its first day of trading. 
Amazon offered an initial 3 million 
shares at 18. and they closed at 
23%. ' 

Hewlett-Packard rose 2% to 59 
on expectations that its second- 
quarter profit would beat y ear-earli- 
er figures on strong sales of servers 


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U.S. STOCKS 


Dollar Slides Against Yen on Interest-Rate Outlook 


CtmpOtd trc Oar SuffFrom DupaKha 


< Dow Chemical Co. said it would acquire Eli Lilly & Co.’s 


40 percent stake in the companies' agricultural -chemicals 
joint venture, Dow Elanco. for $900 million plus undistributed 
earnings. 

• Navistar International Corp. said its second-quarter net 
income rose 15 percent, better than analysts' expectations, 
because of strong demand for midsize diesel engines; the 
Chicago-based maker of trucks, diesel engines and service 
parts also said it would increase production at three plants. 

• Home Box Office said it was starting a channel on which 

programming would be limited to movies or original shows 
rated G, PG orPG-13, meaning suitable for all viewers or with 
parental guidance suggested for viewers under age 13; the 
channel, HBO Family, is to be offered on a preview basis for 
some customers in June. Bloomberg. Reuters. AP 


NEW YORK — The view that 
U.S. interest rates will remain 
steady while Japanese rates are 
likely to rise drove the dollar down 
against the yen Thursday. 

Rumors that Japanese fund man- 
agers were ready to sell dollars in 
anticipation of further declines in 
the U.S. currency also kept the dol- 
lar pinned down. “We’re starting to 
see funds hedge against overseas 
holdings to prevent further currency 
losses,” said Keith Edmonds, chief 
analyst at IBJ International. 

The dollar fell to 1 15.975 yen in 4 
PAL trading from 1 1736 yen Wed- 
nesday. 


Japanese officials expressed sat- 
isfaction at foe dollar's decline. The 
deputy finance minister, Tadashi 
Ogawa, said, “Recent trends 


FOREIGN EXCHANGE 


on the forex market show that the 
markets have become more recept- 
ive to the G-7 conclusions." 

In February, die Group of Seven's 
top finance officials and central 
bank governors said the phase of 
dollar correction was over and 
called for stable exchange rates. At 
the time, the dollar stood at around 
1.65 Deutsche marks and 124 yen. 

“It had been clear since foe 


Group of Seven meeting in Berlin in 
February that the Japanese wanted a 
lower dollar," said Peter von May- 
dell, an analyst at Union Bank of 
Switzerland. Moreover, the market 
now realizes ‘That there is an ever 
greater likelihood of a rise in Jap- 
anese interest rates," he said. 

On foe other hand, U.S. industrial 
output and inflation figures an- 
nounced Thursday “hardly call fora 
policy tightening” at tire Federal 
Reserve Board's meeting Tuesday, 
be said. 

A Labor Department report 
showed the consumer price index — 
foe broadest gauge of prices Amer- 
icans pay for goods and services — 


rose a tame 0.1 percent in April. But 
foe core rate of foe index, which 
doesn't count food and energy costs, 
rose 03 percent last month — the 
biggest gain since September. 

But the dollar pared some of its 
losses against foe yen after Robert 
Rubin, foe U.S. Treasury secretary, 
repeated that a strong dollar re- 
mained in the U.S. national interest. 

In late trading, foe dollar was 
quoted at 1.6975 DM, up from 
1.6948 DM the day before, and at 
5.7185 French francs, up from 
5.7070. But the dollar fell to 1.4305 
Swiss francs from 1.4355 francs. The 
pound feU to $1.6427 from $1.6465. 

(Reuters, Market News. AFX) 


and other computers. But after the 
market closed, the company said its 
net income rose only 8 percent, to 
$784 million, below expectations. 
Sales rose to $103 billion from 
$9.88 billion. 

The company said it was “dis- 
appointed with order and revenue- 
growth," and that it would concenjfc 
trate on cost c utrin g in the monfo&T 
ahead. Analysts said the results 
could send foe stock lower Friday. 

Intel rose 5 l A to 158, extending its 
comeback after two rival computer 
chipmakers filed lawsuits saying In- 
tel’s best-selling Pentium chip used 
their patented technology. 

Ascend rose 2 15/16 to 47% after 
federal antitrust officials requested 
more information on its planned 
$3.49 billion takeover of rival net- 
worker Cascade Communications, 
which rose 1 9/16 to 32%. 

XCL fell 1/32 to % after foe oil 
and gas exploration company re- 
ported a loss of $131 million for foe 
quarter to March 3 1 . 

Gateway 2000 rose IVi to 68% 
after the computer-maker an- 
nounced plans to split its stock 2- 
for-1 and move its listing to the 
New York Stock Exchange from 
foe Nasdaq market Gateway also 
said it would buy back as many as 
10 million shares of its stock. 

HemaSure fell 1 to 1 % after it 
said it was suspending clinical trials Jr 
of its SteriPaih system for purifying # 
blood. HemaSure said foe decision 
had been prompted by questions - 
from U.S. regulators about the use 
of a certain chemical for filtering 
bacteria or viruses. 

Diamond Home Services fell 2% 
to 8 3 A after it warned that its second- 


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quarter profit would be as much as 
30 percent below year-earlier 


50 percent below year-eartier 
levels. It said its results bad been 
pressured by investments in advert- 
ising and infrastructure. 

(Bloomberg. Reuters. AP) 


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AMEX 


U. S. STOCK MARKET DIARY 


INTERNATIONAL FUTURES 


fts.isfrf.May IS 


Thwsday's 4 P.M. Close 

77* lop 3t» most ocflw stares 
up to the dosing on Wofl Street 
Tha Associated Press. 


S* HD la LM One Indexes 


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Indul 72B0L39 733643 735*01 
Tuns 263fU2 24HJ5 260L91 


ITS 22241 273.27 ZZlJB 222-72 +ail 

uonp ZOOM 2272.19 2252.99 2Z7tt8* +1070 


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Standard & Poors 


Mgh Lb* Om 4PJM. 
Industrials 98937 979.92 98201 99103 

Tramp. &l«-35 60132 6007 605.11 

UtWtles 19406 192J4 19300 193.75 

FtnancB 9SL44 9301 9401 9478 

SP 500 841-29 833.13 836.04 84108 

5P100 836.14 >1802 82179 82040 


ft* raw 
118214 142tt 
65788 41* 

43H 

31 H 

58459 Zlft 

45768 62 
45090 36H 
GSM 171* 

SSh 

30986 51U 
2M39 37ft 
27661 125W 


May 15, 1997 

HV Leer L Ope Opkrt 


141 St 142 
41ft 41 H 
<2ft an 

A SS 

13 It 141* 

*8 
35ft 36ft 
16H 17ft 
56H 58ft 

9 TS 

34ft 36ft 

in izi 


amN(GB(7n 

UOObu mniimim- ant» par biaW 
Moy97 286ft 284V. 284ft —1 1675 

Jul97 286’ 281ft 281 ft -1ft 125015 

Sen 97 269 266ft 267ft -ft 27J97 

Dec 97 267 264ft 265ft -ft 11&534 

M<T» 272ft 270 270ft —1 12717 

Mavn Z76 274ft 274ft —1ft 1.165 

M98 280 270 27Bft -1ft 2001 

Est. sales NA Wed’s, sales 63796 
Wetfs oaenint 287007 oil 204 


Mgh 

Low 

LaMl 

Chge 

Opint 

ORANGE JUCH (NCTN) 



1 5409 Rft- amts per Ift 




Juire 8*35 

8850 

81.90 

+140 

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5ep97 8440 

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+ 10) 

4501 

Novre 8750 

0540 

0*66 

+ 160 

3628 

Jon 91 8950 

B7JD 

8825 

+160 

1552 

Estates NA 

tea’s, sales 

1,742 


Wed's open irt 

29696 

off 290 








HKfti Low Latest Chg» OpM 


High Law Latest dine Qplnt 


EURODOLLARS (CMBt) 
si muan-ats of ion pc* 

May 77 .94.18 94.15 94.17 


57W slh 

75V, -H 

4H 4t 

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Nasdaq 


43702 434.18 43705 +105 

S3 SS 

2A94B 266.99 269J2 +5S 

39674 39426 396.15 -057 


Nasdaq 


IM 10 
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lift m* 
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2H 

7H 

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1353.98 33SJS 35341 +1806 

108606 072.92 08644 +12.15 

T447JD1 1440.96 144472 +033 

130*22 149439 49018 -053 

176064 76242 763JB -L71 

90104 89093 89948 *451 


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173*11 11W 
112956 158ft 
110578 Hi 

aotun 

22ft 

69913 46ft 
68807 67ft 
68323 5ft 

sss 

59233 33ft 
52718 26H 
500 a 117ft 
45206 96K 


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SOYBEAN MEAL (CBOT) 

100 sn- iUki] pgr nn 

MOV 97 3B2JO 298L00 30030 -2.10 4^93 

-M97 28940 283J0 2*670 -220 51.477 

Aub»7 275.00 W>30 27150 -120 15445 

5W97 55600 252.70 255.00 9417 

Oct 77 237 J)0 235. 5 0 23600 tOJD 9474 

Dec 97 229 JO 227.00 228JD +1J0 19J55 

Est.scfcs HA. Wed’s, sales 26363 
Wed'S Own ini 113487 oil 1S29 

SOYBEAN OR. ICBOT) 

60400 tw- CHnt* par b 

MOV 97 23J5 2340 2X65 + 0.12 1416 


Jul97 2604 2346 2188 «^U5 

Aup 97 2422 2605 2605 -043 16278 


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Hff* LOW Lost 0|. 

583J7 58144 5B3JS5 +158 


Dow Jones Bond 


20 Bonds 
lOUtnttea 
10 Indushtots 


VftL HIM 
132500 ft 
15855 ift 
8474 84<to 

8707 2ft 
6073 Z7V, 
5292 2ft* 
5162 6Wa 
4959 43ft 
4950 31 Va 

4416 9ft 


Sep 97 2636 2619 2619 —003 8J13 

Oct 97 2638 263S 3425 —002 &438 

Dec 97 2666 2649 2649 -005 VM 

Est.srtes HA. WecTv. sales 30450 
WWsopmint IOU84 up 1559 


to ft 
4ft 41V. 

3ft 3to 
26* 26ft 


SOYBEANS ICBOT) 

6000 bu minimum- parts P*r buahd 
Moy 77 870 858ft 863 -7 

-U97 866ft 854 BSTft —6ft 

Aug 77 05 824 B26ft -6ft 

Sep 97 753ft 747 748ft —I 

Haw 97 708ft 700ft 705ft +1 

Est. sales HA Wed's, sales 68^92 
Wed's ocen ini 185J03 all 14 


_ Trading Activity 


Umced 
Ocdkwd 
Undmaed 
Total Usues 
New Highs 
Now Lows 


AdHKHi 
OaOliKd 
Uadnaged 
Total Issues 
MwFfgia 
New Lows 


1307 

im 

840 

ass 

100 

4 

rift*. 

1490 

1012 

842 

3345 

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9 

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Dcdned 

Unchanged 

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Now Lows 


Non 

1497 

1572 

7154 

5423 

50 

03 

2159 

1544 

5734 

13 

70 

Ctaw 

fert«. 

Market Sales 




244 

2S4 

205 

727 

ft 

284 

251 

180 

7Z3 

IB 

11 

NYSE 

Amex 

Nasdaq 

Ttte 

«« 

458.14 

28.99 

57*45 


COOL 

61365 

2SU2 

611*8 


WHEAT (CBOT) 

S4M0 Cu mtnhtxjm- ocnls ear busncH 
fttoytt »9 383 383 

JUI97 395 385 ft 388ft +lft 

SfP W 401ft 393 395 +1 

Dec 97 413 404ft 407ft +1 

EsLsofc* HA. Wed's. sales 23,720 
Wed's open W 83J74 off ITU 


Livestock 


GOLD (NCXAX) 

100 liw or.- aalim par Irnv oz. 

Mqy97 347 A0 +130 

Jun97 349 JO 34670 34640 +0J0 
■84 97 3»J8 +620 

Aug 97 3SL20 349 JO 351 JO +0Z) 
0097 35*00 352J0 35600 +OJO 
Dec 97 35610 355J0 35680 +020 
Feb»8 359 AO +0.20 

AprW 3m JB +620 

Am 98 3*5-00 +020 

Est.sates HA Wed's. soles 71257 
Wed’s open Int 158.150 off 4378 

M GRADE COPPER (NCM7Q 
25JM01OS.. cents per ta. 

Mav 97 117.40 11625 1I7JB +100 
Jun97 117.10 11650 117.00 +2.90 
JU97 117.10 11320 11640 +160 
Aug 97 11600 11X00 11400 +135 
S*P 97 11120 11650 11120 +IJ0 
Od97 11610 109 JO 11610 +120 
NOV97 10620 10? JO 10620 +IA0 
DOC 97 ItttJJ 10630 10600 +120 
Jan 98 10660 10X00 10600 tl.19 
EsLsmes NA Wed's. safes 7,946 
Wed's open int 56573 up 772 

5XVER (MCM7Q 
54MD rrmr to.- cunts nor bar ol 
W av 97 482J0 483LOO <B2J0 +2.10 
JUT97 «L50 +2.00 

JUI77 «7j 00 48150 48180 *100 
Sep 97 49200 489.CB 490JO +2.10 
DW:97 500.00 49600 49B.10 +100 
A»t9B 50640 +200 

Mcr 98 505J0 50650 5DSJ0 +200 
MOV 98 51690 +200 

Et. soles HA Wed’s, sdes 6662 
Wed’s open int 06932 oft 395 

PLATINUM (NMER> 

H nv nz. - ttaaari per Irgm 
-M97 39680 39200 393,90 +610 ; 
0097 39700 393J0 39680 
JmW 39700 

ESI. sales HA Wed's. SCt-S IA47 
Wed's open Jnt 19J43 up 220 


Dividends 

Conpany 


Per Amt Rec Pay 


IRREGULAR 

Grand Metro PLC b J063 7-2S 10-10 

Santa Isabel SA b J3372 5-22 - 


STOCK SPLIT 
Amber Energy 2 tori sow. 
Banco SanfandeiSA 3 far! spUL 
GfOeway 2000 2 for 1 sp*. 
Rnban Bncp 3 lor 2 spM. 


REVERSE STOCK SPLIT 
Otvenlnet Cp 1 fv4 rmtsespB. 

INCREASED 

Ained Cop Ciranid a si 6-ao 6-30 


Conpany 

Beta ah. A. 
Bhtt-Carp 
CehsieseCdog 
QayslerCorp 
CBv HofcSngs 
Dosnfatgaes: fives 
Dresser Mas 
RratMeritCap 
Green Mtn Power 
Jefferson PHat 
KeyCora 
Ktaeltc Concepts 


Par Amt Rec Pay 

0 .11 5-23 6-13 

Q .15 5-28 6-15 

Q JO 6-20 7-2 

Q A0 6-15 7-15 

Q .18 6-2 6-lb 

O J2S 5-20 6-16 

O .17 6-2 6-20 

O 29 5-27 6-16 

O .53 6-16 6-30 

Q AO 8-15 9-5 


Leggett 8> Platt 
McDonald 8i Co 
Nash Hncti 
PodfiCarp 
ReaOyincaCp 
tansFnd 
FBI LUCA 


3 42 5-27 6-13 

0375 5-23 6-2 


Berkshire RnvCa 8-2325 8-1 8-15 

Cascade Carp a .10 5-23 « 

DowOiernlcal O 07 6-30 7-30 

PowerPndCog O 025 6-30 8-1 

THAeiy&Co 0 J07 6-20 7-10 


5eafleld Cmttnt 
Southwest Bahre 
SouitwestsecsGp 


INITIAL. 

MeredTtfiCorpn - J»S 5-30 6-13 

RarttanBnaiR - -12 8-15 M 


US Life IncoRf 
WBI Canaan PLC 
vra?s-ms Cos 
Xerox Corp 


O .13 5-30 6-16 
OA9375 5-21 5-30 

O .18 5-23 66 

Q 27 7-22 B-15 
0 .1575 6-2 6-16 
Q AO 6-16 7-1 

M 26 04 5-30 6-2 

Q -30 5-27 6-3 

Q .19 5-27 6-10 
Q JOS 6-13 7-1 

Q .15 7-3 7-25 

M .19 5-20 6-2 

b .166 64 7-8 

Q 26 5-30 b-23 
Q 22 64 7-1 


CATTLE (CMER) 

4MM #>*.- cam per o. 

Jun97 M9S w.m -0.05 XlM2 

Aug 97 45J0 45.15 6140 3L530 

Od97 69.12 6882 49JD +IL12 14628 

Dec 97 71 AD 70.70 78.97 +0.15 TJSB 

Feb 93 7125 71 JO 7122 +0.15 1095 

Apt 98 72.95 7177 7172 +0.07 1474 

Est. soles 10493 Wed's, soles 12484 
Wed's oowirt 99J89 up 60S 

FEEDER CATTLE ICMER) 

WJJOOKn.. cents two. 

Atav” 7J.I7 7640 77.15 +040 3409 

AUB 97 7750 76JO 7740 +025 10239 

Sep 97 77.15 7645 77J37 +ai7 1.980 

Od97 7725 7490 77.17 +0.12 3JXH 

WOV77 7880 JR38 7847 +022 14*1 

Jan98 7945 7922 7942 +0.10 384 

Est. sutes 1434 Wed's, sales 2485 
weersapenW 20435 off 160 

HOGS-Leaa (CMER] 
taxmen., cents nirb. 

-tan 97 83J5 0225 8222 —1.15 lfc041 

2497 tve SL47 B3J2 -040 9410 

AUO 97 81.97 00.95 BUS —a 57 7453 

Oa 97 7*65 7185 7342 -0J5 5470 

Dec 97 73.00 7140 71.70 -040 3478 

Est. sales 12409 Wed's, sdes 12.792 
wed's amn m *4407 up 487 


Rnancfal 


MOV 77 4L18 9*15 9417 40497 

Ain 97 9*12 9*05 9410 47*321 

J mw 9*04 9*80 9*03 BJ44 

Sea 97 9198 9186 9192 +001 437250 

Dec 97 9172 9164 9171 +041 331194 

Mar 98 9163 9151 9162 +102 245.180 

Jim 98 9151 9141 9150 +0-02 22BJM6 

Sep 98 910 9134 9141 +LS2 T7Q798 

Dec98 9131 9124 9130 +101 124483 

Mar 99 9130 9123 9129 +101 96,128 

An 99 9126 9119 9125 +0JH 81123 

Sep 99 9122 9115 9121 +101 44992 

Est safes HA- Wed's, sales *47,784 
Wed'S open Int 2.681,926 up 15445 
BRI71SH POUND (CMER) 

*la» pwnas, I per pound 
Am 77 IA480 15360 1A434 37.883 

S«t77 1.6430 15342 U41D 1J1I 

Dec 97 1 6382 HO 

Estjates na Wed's, sales 11727 
MM'S open iit 39 JM up 1741 

CANAKAN DOLLAR (QMERJ 
104000 donors, t per can. dta 
Am 77 7303 7208 .7301 61262 

SM77 7350 7250 73« 

Dec 97 7385 7324 7383 UH 

^sales NA Wad's. sales 1879 
Wed's open (ft 77,556 up 726 

GBIMANMARK ICMER) 

I2SJHD marks, s per mark 
^97 ^49 J890 J905 7BJ28 

SW 77 .OT2 J933 J945 3/38 

Decw J98B J9t6 snt «i 

HA Wed's, sate 21.568 
Wed's ooen ml B2J69 aft *15 

JAPANESE YEN (CMER) 
l45rni|Ranvcn,ipa- loaven 
Junre A5B A465 81J80 

S» 97 5850 A677 J7B1 2^61 

Deere 7735 .*885 .8900 782 

Eg-saies NA Wed's. safes 31 745 

Wedsopenad 85A33 up 3359 

SWISS FRAMC (CMER) 

1 254100 francs. * per Irene 

-J9? 41,71 JRW 43682 

S»re 7116 7045 .7071 

Dec 97 7115 7115 7144 tZ> 

Est. sales na wed’s, sete 2DA67 
Wed's oaen M 46657 uTma 

MEXICAN PESO (CMHU 
njHo««.ip(.po U 
Junre .12520 .17470 .12512 17^11 

S»re .12052 .12020 .12052 M* 

-11585 .1(610 6JJJ 

Ed. sales na Wed's, site 4,970 
WetTsapenut 114 1 5 off 3J6 


Aug re BJO 5485 57JD 
Sepre 501 5760 5763 


..r-s* I*-rr 


OCtre SIM 58.10 5828 
NavW 59.15 Sin 58.73 


''VCC+IML 


Deere 5973 5960 59JJ 
Am W 60.15 5970 9988 


F»* 76 57 JO 59.40 99 A) 

K. sates HA Wed's, safes 22810 
Wed's open lit 137,100 off 96 

LIGHT 5WEET CRUDE (NMER) 
IMbbl.d'ftnp'rlM 
Am« 2168 21.1B 2178 -0.11 

Ad re 2164 21.15 21JU -003 

Aw97 2171 21.03 21.16 

S»W 2171 M.5M 21.10 +006 

Odre 21J7 20J2 20.97 +Dl93 

JtovW M.M 2076 2085 -001 

Deere 2Ui 2065 2074 -001 

Amre »78 20.61 2073 -081 

FebW M74 2070 2074 +005 

Mcr 98 20 JO 2058 2056 -005 

ajite na wed's, sates 119644 
Wed's open Int 401,368 off 17 


1 "KK w-— 

*hai ^ 

• - -iW 
:: 

■ * *•■ ri22 





rr ■* 

i' 


NATURAL GAS (NMSI) 

b,,, ' s ' * pec mm Wu 


2175 

219S 

33,182 x 

2.180 

1600 

2BJQ4 dr 

2100 

2600 

19641 

1140 

2180 

15JB8 • 

2170 

1175 

17653 


3 3HS 

BJQ3 

2690 

2405 

0,942 

2*35 

2**5 

11,573 

2655 

2345 

86*3 

2230 

2640 

4607 

Wed's, sates 3*058 
70*433 up 1018 


< i- . 

; -i;*.' ■ ‘ 


«4W . . •• • 

: ZF*-:-- 

;**rt • ia. 

" '-Ji 

V4>e*% - • • -feUfe-' 

•• •-'n&JCfer iW'. 






(JtAEAOB) GA50LME (NMER) 
«6Maal. cents oer m 

^ SL75 4404 —034 

Adre «J5 62.90 6111 -07$ 

AugW 62J0 6100 6112 -074 

Sep97 61.® 6060 67JD —074 

22, m S- 3 ! mm vm 

S- 43 SB.® 5877 —075 
D«W 5125 S7.97 57.92 -075 

«S|f*-*OteS 30.27* 
wed's open Int 92375 off 1346 


fH-L’ *■ 


:: -vav-s, *.- 


PORK BELL4ES (OHER) 

494100 So.- ennh iw Bi. 

Mav 9030 8772 9020 +182 356 

A4 B 9262 6875 9262 *100 6610 

Alton n JB 8015 9062 +180 1704 

Ed. safes 4637 Wed's, safes 3717 
Wed's oaen Ml 9738 up 116 


REGULAR 

AmerianaBncp a 75 6-13 

Addend Inc O 775 5-29 6-15 




Stock Tables Explained 

Safes Soures « unctWal Yeaity Nghs and taws reflect »e previous 52 weeks cdus (be current 
weefcMnd8wtefedtradhHda)iWfteraasp»ora4DcfctMdendnmounBng9p2S patent or mwe 
has been paid, the yean Wgtvtow range and dMdend are shown tor me new stocks only. Unless 
affwwbe noted rate of dMdendsare annual dfehasements based on the ttest ttedaradan. 
a - dMdend atsa extra (s). b - anmxi) rate of cBvMend plus slock dMdenL c - Hquidating 
dMdend. ec - PE eraeeds 99 aM • coded, d - now yearly law. dd - loss In the last 1 2 moattis, 
e - dtvWend dectaed or paid In preceding 12 manats. I - annual rate, increased on lost 
decknattoLg. dMdend bi Omatfafl IS9L non-resUenattasLi-iSvidend 

declared atrersMT*fparsSeR*dfekferi<L|-dtvfdendpdMttilsyear.am<llrd.deferTed.orno 
action taken at latest dMdend meeting, k - dMdend declared or paid this year, an 
acxunwtottw issue wllh dividends hi atnan. m -oomtai rate, reduced on tastdectaratlon. 
b - new Issue m the past 52 weeks. The Mflb-taw range begins with the start of trading, 
nd- next day deBmy.p-lnaial dMdend. anmtal rate unknown, R/E - price-eomlngs ratio. 

a - dimnoairun^r- dMdend dedored Of paid in preceifing 12 months, pi us stock 

dMdemL stock sgllL DMdend bet^ns with dote of spffL its - sales. I - dividend perid In 
5lodiinpfleadlml2iDonltH.esmnoftrfCBShw1ui^ex-dMdendv«rt)aMbii1iondate 
H-newwHtrty Mgh. v-tradbighaBBd.vl*bilicmhiuplcy or recefeenMpw' being reotgonlied 

un6errhioBOTilau^CTAclar secui1tle3 gs3apiedly5vtfiCTnyQnl«.wd-Whgidfatt1buted. 

wi - when issued/ ww - w«h wwnwts. * - e»-dM«™ or a-rtgmv. - ev^strthuttan. 
xw - wiftiout wdiTBitt. y- ex-dMdend and safes fn fofl. ytd^ - yWd. - "to In till. 


Food 

COCOA (NC5E) 

10 nwvic tarn- * par tan 
Jut 97 1483 1423 Id ‘59 

Sec 97 1508 1452 1507 + 54 

Dec97 1537 1«4 1537 + 53 

War 98 1561 1509 1561 +53 

MOV 98 1417 —97 

Alin 1603 + 57 

Est. site NA Wed’s safes 4331 
Weaftopenint 91*tn off 916 

COFFEE CfNCSE) 
xr.soo BM.. CBIM Pta B 
Mav97 22970 2MJQ 277JE +1SJ5 

A497 26100 m00 25578 +W60 

SepW 23100 21100 227.15 +1165 

Dec97 262M 18960 20270 -1075 

Mar 98 18770 17660 18770 +9^ 

Ea.safes NA Wed's. sales 0649 
wed's open irt 30802 Off W9 


UST.MLLS (CMBI) 
si mnen- on at too pet. 

Junre 9*75 9472 9A74 5446 

SepW 9*55 9J46 9463 +0.02 4457 

Deere «*a 847 

Est. Site HA wed's, site 411 

Wed's (wenn 10683 off 28 

SYR. TREASURY (CBOT) 

SlOIMOOcrtn- ots Asntaof IOBdcI 
JUnWlDS-36 105-02 105-33 + 03 219620 

Sen 97 105-22 105-07 105-21 +03 11628 

Dec 97 105-05 104-54 105-05 ♦ « 71 

ESI. safes na Wed's, safes 37,165 
Wed'S open M 230,919 UP 1933 

ID YU- TREASURY (CBOT) 

SlOOAOOprln- nts & 32rufi at 100 act 
Junre 107-17 tffi-25 107-14 + 02 vu*<, 

5epre 107-01 106-15 107-00 +03 47,125 

Deere 106-21 106-20 106-20 + 03 1,935 

ESLMies HA. Wed's. sales 83692 
Wed's oaen M 3S3.916 up 4785 

US TREASURY BONDS (CBOT) 
<8Pd-liauiOOHm & untfs at IOOdcII 
Junre 110-13 109-12 110-10 + 05 500,737 

Sepre 110-00 109-01 109-30 +05 67631 

Deere 109,17 108-26 109-17 + 05 22J81 

N|ra« 109-07 - OS 2.063 

safes HA. wed's, safes 460413 
Wec'sowmiw 602640 up 23679 

LBOR I -MONTH (CMBt) 

S3 mttai- mar imki. 

Mav W 9*31 908 9*X 23612 

Ajire 9*23 9420 94J3 +OD1 12694 

A4*7 9417 94!4 9416 5.957 

Ea safes HA. Wetfs. safes 4164 
Weasaaanfei 47620 up 1S2 


iSSSP* *TERURG fUFFE) 

E5CaOOO-[^o*100pcl 

Jun?7 91* 9366 9368 


GASOIL (IPE) 

V. wr nwM ' ton - tats at 100 tons 
■J™” 17140 17240 +12S 25469 

iVL’L IZJ-J! ]72-» 173.75 +1.75 9,927 
” u 9 re J Z&_25 174JJ 17575 +240 7432 
rS+oS 7 1 7Gu25 1 77 JO +240 3635 
S* 3 OT Jr®- 50 17875 17975 +240 4031 

d£o 7 llinn IK'S 180 - 50 +M0 ' ,657 

DCC97 10240 18040 18175 +240 7632 

,^,^■“><5: 10-711. Open Int; 64,144 up 





1 Ar.., . 


Hong Kang 


••• • 


A---r 
-~ t»a 


sSre uwiii*.9o» 

g gssssris'ae 

gg H gg %% %% 

5*P9B 9268 9181 9268 + 001 39 m 

2 S? 5^1 asm 

M«90 9J8I 92.77 9262 *061 IRJ 74 

More? 96.83 96B2 -DOI cat. 


LONG GILT CLIFFE] 


W w W 9I=HJ« 

S«re 96.77 wi 715SJ ,0^ 

S ^ a* asSS 

HferSteS ^=5sai2 

saswat®- 

^OHTH PIBOR tMATlF) 

PK mjUton -te of loo pcf 

Jun 97 9u5 9665 9669 047 47 u, 

SepW Wffl 9U1 9663-047 546K 
gee 97 9466 9449 9661 —045 
Mar 90 9649 9643 9445— 045 jo" 7?f 
Jun 98 94J8 9463 — d5I 

m a a M z °^ v ™ 

SffHHBElHB 

volume: Ba275. Open Int j 259,989 off 


b^nt^oilcpei 

u ~- dollars per barrel 
Jwy i960 1963 
July 97 1963 1963 
Auo97 1964 1968 
53^7 1964 1940 

22U 1961 1940 

Nov97 19.60 1961 
D«*7 19J7 1?3 

J9J0 19.40 
I9jb 997 
>967 1947 


lots of 1400 barrels 
19.44 -047 11541 
1949 -005 84750 
I960 Unch. 73.769 
1960 +0-03 116*5 
19.48 +043 6-969 

1948 +044. S942 

1947 +044 10872 
19.41 +042 6688 

1965 +041 3682 

1969 Unch. 1638 




+;■;> :;•+ N-.r; 


Bk 

-'7iw3w ■ few 
- i*“>5 S 94 B- 

“e'JfeTitt: Uff /.MV. 


lEl;.. 

b - ■‘-ei 27 mm *! • 


Est- sates: *6439 Open inW 70688 off1616 


; ■ 


StoeR Indexes 
StfOW.WDEXtCMER) 

tas97 55^ 0410 84360 +365 18X023 

rS.2 “l-* 1 8*130 85060 +160 Mta 

SrlL . 85840 3 l324 

reed's, safes T7AS 

WWsooenrt I94J74 of, w, 


?; >: 


m 

“ r, «M — ’ !5JE 

I - *" 9 * n 

>v flJB 

■.r-”— iw- 


rj - : 

rr-, 

m 

& 




**t 


PTfiElOOtUFFEl 


ten 44(40 - ,M 7tW08 

SS? 47 ‘ Q77J1 - HA A13B 

teT N.T 47716 -124 330 

°d«i 756*4 off l^n 


00600 - pH 8. 32ntfs Ol 100 pa 

JJ*-16 113-28 iHTi* -043 22*947 
SepV? 114-25 114-10 114-24 — 0-03 8645 

£!*: "f 01 rewiA-Pwv sales. 7S610 
Pre*. open InL 237632 up 4678 


3+MOKTH EUROURA fUFFE) 


ITL I nfltan -pis 01 100 pa 

Jlril97 9135 912* 9JJQ n m inL7lK 

5S5E a-** mi 5id3 -SS 

u£aa SS S 74 rej* —043 51214 

Mww »X» 4343 9365 — 042 347*5 

SS SS ^*4 -«U» Sow 

SS2 SS S“ '“AJJ -043 *Sl 

jtett 93J*3 93,73 —043 1647 

Mm99 4368 9*44 4364 — 002 IJTs 

Eft sales: 50,9*2. Pir». safes: 74644 
Pro*, we+i ht.: 3226JS up 4555 


tSSSS^SSfS ^ 1 B0HD njFFE1 

Junw 10260 102.10 10267 — ILISTm^ul- 

181.15 1 S 1 S -Ell Jt»o 
Eft sales: 189657. Pie*. Hfes: 19M03 
Piw.OBcninl; TfeWBi up 3.7*5^ 


CAC40{MATin 

Jun 97 2746J) 2725. •» vJaa c 

sop re min 2743 - 5 

V. 27394 275B4 

E8 "x 

l4W. a ' Whm,e: 14077 - °P« 


+540 23642 
+540 27406 
+540 731 

+450 11612 
+450 451 

+540 7,934 
Inti 72421.UP 


H M 'i-j; - 

•sC S\\; J 3karta ~*rnuem 

■ i j 

r '■'Vy* t -£T 

z.l"- r- : unt mEl 

: r-; i-'-aa 


Commodity Indexes 


'■''Jj ?!0/j 

"v S+. 

-■■7 1*; v; 
r^\ > 9. 


“onannesbtir^ 


SUGAR-WORLD 11 (NOE) 

»Z400 n.- am per to. . 

Jusre i i job law 1101 -aw 7*7» 
0097 1069 1060 1061 —044 41.013 

Mvff 1077 1L73 103* —OB 24,181 

MavW BUS —003 5,901 

Estsaies NA W«fs. safes 11627 

Wed’s uaeti fell 149657 up 800 


S& F .^«S% B6HDSW * T ' F ’ 

Jun re 13044 13060 13064— 068145435 
volume: 171450. Open Wj 178.731 off 


Industrials 


!I*bi» w g?»7ERNMEKT BOND (VIFFE) 

CrLMO nMon - pfi of 100 pcs ' 

jvttre 13064 129.99 13021 — 011118449 
&»97 130,99 13055 1306D — B I* *§£ 

Esr.sote ouHd prw soles: 7*690 
Pw open fee.- 121433 us 151s 


COTTON 2 (NCTN) 
auJOO bs.- anr.sor u. 

Ju<97 7360 7260 711* +BI 

0097 7*J0 73.95 74*5 + 0J 

Deere tsjo 7*75 75.14 +0J 

Morn 7460 7*05 7*60 +QJ 

MavW 7*99 +44 

Estate HA Wed’s. sate 3.9IB 
wecTsooenirt 71617 off no 


+084 JL090 
+ 0J4 3.5S 

+065 25.279 
+040 1524 
+0*9 911 


Moody's 
Pmiters 
DJ. Futures 
CPB 


Close Pmtan 

, NA 140*40 

1.99760 1,99160 

151* 163.14 


” 25180 25U8 - 4 * 


V - f4 

f-r-rj -IV 

.-•>» ,.** : 

IS 


HEATWCOn. (NMER) 

42600 pal, oertf* par oal 

■&« S'5 «68 +*04 28.790 

JulW 5760 5665 5*43 31.771 


bee our 

Education Directory 

i*vi*ni Tuesday 


^ V; 

•■+*7 .+!,I >•; 't;: +* 


r:; 

r*: at Mto- 

•ij .•*** 

. *■ -'■* ■ 
'i • * * ic 
MS* 

W3- - 
“ ;a«- 

•X ’P»4Pt- 


1 ii ;* r j V i : ; . v ‘ ' 7 *- ’72% 

.J. S? 

5 S n-- ’ -J; 





^)ry\cyt\ : ^X 


INTERNATIONAL HERALD TRIBUNE, FRIDAY MAT 16, 1997 


PAGE 17, 


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Britain Faces Suits 
Over ‘Windfall’ Tax 


CeHfOnl by Otr Sltf Fmnt ZtupMiiKi 

LONDON — British Telecom- 
munications PLC and the airport 
operator BAA PLC threatened the 
government with legal action 
Thursday if they were included in a 
planned “windfall" tax on former 
state utilities. 

They also lashed out at Gordon 
Brown’s handling of the issue, say- 
ing the new chancellor of the Ex- 
chequer’s refusal to be specific 

nk/H. ...kink - >. . F - 


Speedup for Conversion to Euro ? 

Currency Could Be Issued a Few Months Early, Official Says 


The dispute has been brewing 
since or least 1 993, when the Labour 
Party, then in opposition, pledged to 
enact a one-time tax on “excess" 
profits of utilities it said had been 
sold too cheaply by the Conserva- 
tive government. 

The size and extent of the tax, 
intended to pay for a job-training 
program, could be unveiled June 10, 
when Mr. Brown is expected to in- 
troduce his first budget. The Labour 


about which companies might face 

rne tax had undermined the con- servatives in the May 1 general elec- 
fiderce of their shareholders. tion after 1 8 years out of power. 

Ftmikly, the way we have been Analysts expect a tax of as much 
allowed to be included in specu- as £5 billion {$8.25 billion) on 10 
lanon about the tax is unfair and former state-owned water compa- 
verges on irresponsibility." Des nies, 12 regional electricity distrib- 
Wilson. BM s director of corpo- utors and five power generators, 
rate affairs, said. Newspaper reports have said the 

tax could also include British Tele- 
_ com and BAA, which operates sev- 

§ ,lilT£>mnmtrrr e ° British airports including Heath- 

LjUXemuO urg row> near hJ^aa. Both are former 

t\ • jj- government-owned companies, and 

‘ JJemeS JjIOTIGY 150111 ^ they *“* neither utilities nor 

J monopolies. 

T “If we are stung in a big way for 

JUUUTlGlGTiTlg this tax, and if it can be challenged 

0 legally, then we owe it to our share- 

holders to challenge iC’ Sir Iain 
JlT*™ News Vallance, chairman of BT. said. But 

BRUSSELS — Luxembourg he said BT would be “very sad to 

denied in an unusually harsh start a partnership with Labour on 

statement Thursday that it was a that footing.” 

haven for money launderers. For its part, BAA said it had 

"Luxembourg money laun- sought legal advice and told the 

dering legislation is one of the Treasury it did not expect to be 

strictest in Europe, and is set to included in the tax. 

become even stricter.” state- * ‘This has for months surrounded 

ment said. • the company with uncertainties and 

The statement was in reac- inevitably affected shareholder con- 
tion to Belgian press reports fidence," Mr. Wilson said, 
about money laundering in Separately, BT said its pretax 
Luxembourg. Earlier this profit rose to a record £3.2 billion in 

month, tire Belgian newsletter the year ended March 31 from £3.02 

Faxtuel said that foreign lead- billion the year before, helped by an 
ers, political parties and private increase in sales to £14.9 billion 
individuals were laundering from £14.5 billion, 

money through Luxembourg BT spent £367 million on costs 
bank accounts. associated with cutting staff, down 

A Belgian Justice Ministry from £421 million a year earlier, 
spokesman said this month that The company said sales from in- 
investigations were under way temational calls also fell as a result 
into possible money laundering of price cuts and the strengthening of 

and tax-evasion schemes in Lux- the pound, and BT said it continued 

embourg by Belgian nationals. to lose 50,000 customers a month to 

“Instead of accusing without cable-television companies, 

rhyme or reason the Luxem- BT is transforming itself into a 
bourg financial market and its global telephone company by taking 

legal system, some people bet- over MCI Communications Corp. in 

ter clean up their own act,** the a £21 billion deal that is to create a. 
Luxembourg statement said. company called Concert PLC. 
. __J (Bloomberg, AFP ) 


C&npd rt/K Om Staff Fnym Dttp^chei 

BRUSSELS — The European 
Union's commissioner for eco- 
nomic and monetary affairs said 
Thursday that the EU should in- 
troduce single-currency banknotes 
and coins sooner than originally 
planned. 

Speaking at a conference called 
to discuss the practical aspects of 
the single currency. Y ves-ThibauIt 
de Silguy said euro banknotes and 
coins could be minted and dis- 
tributed by the autumn of 2001. 
National currencies could be with- 
drawn from circulation within a 
matter of weeks, instead of over 
six months as is now planned. 

Mr. de Sil guy’s comments un- 
derlined the growing confidence in 


Brussels that the move toward a 
single currency is irreversible, de- 
spite worries in Germany and else- 
where about the difficulties of get- 
ting national economies in order. 

Thecunrent scenariocalls for the 
euro to be introduced in qualifying 
EU countries on Jan. 1, 1999, but 
only as a unit used by banks and 
other financial institutions. 

Coins and notes have been 
scheduled to be issued on Jan. 1, 
2002, with national currencies re- 
maining as legal -tender for six 
months alongside the euro. 

. But Mr.de Silguy, reflecting the 
concern of consumer and retail 
groups that the introduction of a 
new currency at Christmastime 
would be chaotic, suggested the 


new money could be put into cir- 
culation as early as the autumn of 
2001 and national currencies 
phased out before mid-2002. 

He said preliminary rates at 
which members of the single cur- 
rency could exchange their cur- 
rency for die euro could be issued as 
early as this autumn, well before a 
decision on which countries have 
qualified. While final rates would 
not be set until Jan. 1, 1999, “we 
are obviously not going to wait until 
die very last minute," he said. 

He said that the rates would have 
to be made clear well in advance of 
the introduction of the euro to 
avoid money market speculation 
that could derail tbe entire pro- 
ject. (Reuters, AFP, Bloomberg) 


Luxembourg 
Denies Money 
Laundering 


Bloomberg News 

BRUSSELS — Luxembourg 
denied in an unusually harsh 
statement Thursday that it was a 
haven for money launderers. 

"Luxembourg money laun- 
dering legislation is one of die 
strictest in Europe, and is set to 
become even stricter,” state- 
ment said. • 

The statement was in reac- 
tion to Belgian press reports 
about money laundering in 
Luxembourg. Earlier this 
month, die Belgian newsletter 
Faxtuel said that foreign lead- 
ers, political parties and private 
individuals were laundering 
money through Luxembourg 
bank accounts. 

A Belgian Justice Ministry 
spokesman said this mouth that 
investigations were under way 
into possible money laundering 
and tax-evasion schemes in Lux- 
embourg by Belgian nationals. 

“Instead of accusing without 
rhyme or reason the Luxem- 
bourg financial market and its 
legal system, some people bet- 
ter clean up their own act,” the 
Luxembourg statement said. 


Gazprom Restructures and Restricts Stock 


A genre Fnmce-Presse 

MOSCOW — The natural-gas 
monopoly RAO Gazprom un veiled 
a restructuring plan Thursday that 
could cut 100,000 jobs, as the gov- 
ernment announced that only 9 per- 
cent of its shares would be open to 
foreigners. 

The company's chief executive, 
Rem Vyakhirev, said Gazprom 
would concentrate on production, 
transport and sales, shedding its 
construction, research and agricul- 
tural subsidiaries, according to the 
Interfax news agency. 

The changes will cut Gazprom's 
payroll by 100,000 workers and 
save tbe company 2J2 trillion rubles 


(S3S23 million) in wages a year, 
Mr. Vyakhirev said. Prime Minister 
Viktor Chernomyrdin, a former 
chief executive of Gazprom, said 
foreign access to shares would be 
strictly limited. 

“Otherwise we will wake up one 
day and everything around us will be 
foreign.” he said, according to In- 
terfax. The first deputy prime min- 
ister and fuel and energy minister, 
Boris Nemtsov, backed limiting for- 
eign investment in Gazprom, saying 
this was 1 ‘important for the security 
of Russia." 

Gazprom, in which the Russian 
government holds a 40 percent 
stake, produces 94 percent of Rus- 


Rising Costs Hold BASF Net Growth to 3% 


Bloomberg News 

LUDW1 GSHAFEN , Germany — 
BASF AG said Thursday dial first- 
quarter net profit rose 3 percent, to 
714 million Deutsche marks 
($418.4 million), against tbe first 
quarter of 1996 amid higher raw 
material and personnel costs. 

Revenue rose 14 percent, to 13.44 
billion DM, with growth strongest in 
Asia and Africa, where sales grew 22 
percent, and North America, also up 
22 percent. Sales in Germany rose 
21 percent, making up 26 percent of 


total revenue at 332 billion DM. 

The No. 2 German chemicals 
maker predicted that sales and profit 
growth would not slow and repeated 
an earlier forecast that full-year sales 
would top 50 million DM, against 
48.78 billion DM last year. Net 
profit in 1996 was 2.79 billion DM. 

BASF said its best-performing 
businesses were its oil and gas and 
health and notritioa units. Sales of 
oil and gas products surged 39 per- 
cent, to 1.62 billion DM, while 
health and nutrition sales increased 


1 8 percent, to 2.86 billion DM. 

Costs associated with introducing 
new products in the United States 
reduced pharmaceuticals sales. 

Personnel costs rose 5.7 percent. 
BASF said, to 239 billion DM. 

BASF said favorable exchange 
rates, especially die resurgence in 
the value of the dollar, increased 
first-quarter sales by more than 300 
million DM. 

BASF shares closed down 33 
percent, or 235 DM, at 6535 DM in 


WORLD STOCK MARKETS 


Thursday May 15 

Prices hi toad currencies. 
Tetekurs 

High Law Close Pie*. 


Amsterdam 

AhSd 147.10 14150 14030 14050 

AkZONoM 262 26060 M1.90 242.10 

Boon cq. 11*40 loan 10 loon 

Bab Wesson 37.10 307® 37 37^0 

C5MCW 111-90 107J6 111 107-50 

DorritsdwPW 375J0 372 375 381.40 

DSM 19*20 192 19*20 192 

33JQ 33n 3150 33 j50 
7000 75.40 7500 7080 
&3 61.00 62 02.90 

6070 66 66 66JQ 

... 89J0 88 88 8W 

HeJneken 33800 334 334 M90 

Hamwnscw «M0 87J0 88.10 0BJO 


tag* Law close 

Deutsche Book 97.10 9600 9090 
DeutTeMrn 39 JO 39.10 39.32 
DrasdnerBank 5 &bq 5540 58.40 
Reset** 363 358 3S9 

FrescnksMad 151 JO 14950 14900 
Fried- Knipg 323 320 320 

Gem H7.40 nsn iiiso 

HefcfefcgZmt IJUO 157 157 


High Low dose Pm. 

SA Breweries 13025 12875 12825 13025 

Samanrasr 4725 47 47 47JD 

Saioi 5375 5325 5300 54 

SBSC 21050 215 215 217 

Tiger Oats 7535 7525 7535 7500 


Law Close Pm. 


High Law dona Pm 


Vendome Uut> 

507 

£21 

507 

574 

vadotene 

209 

204 

277 

US 

WMttreod 

8 

7.93 

736 

7 ST 

wnhansHdB) 

116 

3.12 

315 

313 

Woheley 

*83 

*75 

*79 

*79 

WPP Group 

203 

2 JO 

200 

201 

Zeneca 

19.95 

1906 

1902 

1904 


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Aegon 
Ahold 
Akzo Nobel 
BoatiCa 
Bob Wees evu 
C5 Mcvd 
D onflsdiePet 
DSM 
Elsevier 
Forth Amev 
Getronics 
G-Broc cvu 
Hoowneyer 
. Hemeken 
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Hum Douglas 
INC Group 
KIM 
JCNPBT 
KPN 

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UW Coram 

Bombay 

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ReBanceind 
Store Bkmdto 
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59.40 5900 
48 7® *70 
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29050 29700 
242 24420 
107 109.10 
94.90 95JD 
17B 179 

16920 16900 
60.10 Ml 
172.B0 17328 
110 HMD 
35850 361-TO 
38500 387.90 
J0720 10JJ0 
4031 4120 
23010 23700 


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195 1 95 210 

2*00 2525 25 

300 310 310 

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120 130 135 

26 29 2775 

35 37 38 

110 115 130 

128 IX 142 


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previews: 374003 
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1064 10491056.75107225 

42925 417 426J0 42100 

S8J0 8700 8825 8875 
42700 40*M 421-25 *025 
28* 270 2fll 2*025 

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HEW 487 - 487 487 

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Latunerer 78 75 76 

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LirtUniUO 2875 2*03 W3ti 

MAN 51DM 506 507 

ManmmMnn 713 70620 710 

McJa0sffl5rtBdwB36JB .36 36 

Metre 16500 165 16525 

Munch RucdcR 4410 4370 4385 

Preussog 459-40 452 45120 

KWE 7430 7185 7*19 

SAP pfd 32100 317 31800 

Sdiertng 176 174 17500 

SGLCntbOn ■ 236 235 235JD 

Siemens 9080 9010 SS.10 

Springer iAnO 15* 1-MJ 15* 

Suerinicker WO 935 M0 

Thyssen 384 300 38300 

veto 160M 9000 9900 

VEW X5 505 505 

Vtofl 776 77000 771 

Vwaragn 1154 1145 1W9 


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1090 17.10 IB 
905 900 970 

FT-SE 100:468120 
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Madrid 

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Assoc Br nods 507 5J2 

BAA S43 503 

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bat red ssz sl* 

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4270 4290 4*20 
3870 3870 3970 
900 90S 905 

1456 1405 1*80 
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1570 1500 1545 
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215 218 ra 

61 62 6225 

2370 2145 2370 
2180 2*30 2370 
1845 1805 1JL65 
*70 4880 49-10 
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110 113 113 

9275 9175 9275 
403 *83 *90 

870 875 875 

7 705 7.05 

4075 6100 *105 
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Boas 
BPB ind 
Bril Aerasp 
BdtAlmuys 
BG 

Brit Land 
Bril Pvttai 
BSltyB 
Brit Steel 
BibTMeam 
BTR 


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1* asu 
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700 741 

108 100 
577 5.92 

745 7.11 

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148 146 

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BumuhOntrol 1007 1077 

Burton Gp 105 145 

Cable WTretet W 4M 

CUdbuiySdM 502 500 

CorttunComm 577 571 

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Compass Gp 443 404 

CourtouMs 375 116 

Dbons 507 *97 

Etodrocuaranwm *04 197 

EMI Group 1108 1200 

Energy Groap £34 £27 

Enterpriser 675 6M 

Poni Colonial 143 102 

Genl Acdderri 902 978 

GEC 146 305 

GKN 907 975 

Gkm Wefcomv 1282 1250 

Grenada Gp 975 975 

GnradMeT 505 508 

GRE 30J 2-93 

GieenadsGp 5.10 581 

Guinness 573 503 

GUS 672 473 

Han 503 509 

HSBCHMgs 1770 17.10 

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196 582 

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576 572 

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164 172 

977 904 

1205 1203 
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159 £69 

196 3 

£.85 SJ37 
£64 176 

605 472 

503 5J1 

1771 1704 


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Bones*) 
BanJdnter 
Bco Centro Hbp 
BcoPoputor 
Bco Santander 
CEPSA 
Corttaente 

FECSA . 
Gas Natural 
Ibetdroto 
Prycn 
Repsol 

SevDanaElec 
Tatocolera 
Tetetonlcn 
Union Femu 
Vtrienc Cement 


Manila 

AyotoB 
AyntaLond 
Bk Philp tsl 
C&P Homes 
ManUa Elec A 
Moira Bonk 
Perron 
PCI Bank 
PM Long Dbt 
San Miguel B 
SM Prime Hdg 

Mexico 

Alfa A 
BanoadB 
CtenexCPO 
OfraC 

ErepModvma 
'GpaCaru A1 
GpoFBcomer 
GpoRn Uiburaa 
KtebCtarftMex 
TWevteiCPD 
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Bobo todVC 34476 
Previous: 54476 
3900 24280 24100 
1738 1735 1745 
5750 5800 5790 

7250 7290 7280 
0390 104M 10500 
1675 17* 1675 
2300 23300 23110 
4960 5000 5000 
3000 33250 33250 
1» 11780 11780 
4910 5150 5050 

2590 2600 2610 

7750 7BS0 7820 
11* 11160 11270 
1220 1Z4 1225 
8600 29000 29020 
1705 1715 1725 
2680 27X 2715 

6000 6800 6060 
13* 1355 1355 
7050 7138 7050 

*15 4075 4060 

1255 1278 1270 

1935 1990 1950 


PSEtadae 26J109 
P l tod— 27*502 

1475 1475 1705 

19 19 19.75 

142 142 143 

10 1025 1000 

BP 39 923) 

550 560 600 

7.28 7.40 740 

285 285 290 

730 73® 745 

69 69 70 

600 600 600 


BatatadeEJtaJt 
Pivulaua 389*38 

4700 47 JO 4700 
1744 1708 1702 
2800 2420 2000 
12J0 1244 1238 
38.90 3930 39J0 
4430 46* 4480 
102 104 105 

2700 27.20 2700 
29.10 2M 3000 
9430 9630 97* 
1498 17.12 17.16 


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AGF 

AlrLtouMe 

AtandAism 

AsMJAP 

Boivcoire 

BK 

BNP 

conolplus . 

Canttour 

Cnsho 

CCP 

Celetoro 

Qwlsltan Dior 

CLF-Dodo Fran 

'QatlAgrtoole 

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EuredhnCY 

Eufflhrena 

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'D J F MAM 
1996 1997 


.London" 

FTSE.TQQ 

4800 — --■■■ 

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4400 

4200 -J*- 
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1997 

199S 1997 

Thursday 

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tmemoliorul Herald Tribune 


sin’s natural gas and 25 percent of 
world supplies. The government is 
taking steps to reassert its control of 
the partly privatized company to try 
to ensure that reforms aimed at mak- 
ing the energy giant more compet- 
itive come to fruition. On Tuesday, 
Mr. Nemtsov was named chief of a 
government panel that would seek 
to press Gazprom to cut gas prices 
and pay its taxes. 

Separately. Mr. Vyakhirev said 
Turkey was on tbe verge of becom- 
ing Russia’ s second-biggest gas cus- 
tomer, after Germany. He also said 
Gazprom was considering building a ■ 
gas pipeline to Europe through Fin- 
land and the Baltic states. 


Hlgb Low Closa Prev. 

460 438 460 482 

26800 263 268 257 JB 

> 274 261 274 260 

649 622 643 523 

373 365 373 369 

2* 245 2* 247 

240 237 2390D 240 

260 25*50 258.50 25500 

20500 203 20*50 20400 

36*98 221 226 223 

172 160 16800 171 

8600 83-50 8 6S0 84 

24800 245 24800 247 

33000 325 32500 329 

180 177 179 17900 

155 148 IK 1*00 

190 190 190 ISO 

11700- 115 T17J0 1!6 

22200 221 22200 22100 

20100 205 20700 200 


Very brief lys 

• De Beers, which distributes most of tbe world's diamonds, 
said Russia would probably sign an deal next month for a new 
marketing agreement. Deputy Prime Minister Anatoli Chubais 
indicated, however, that Russia would eventually decide to drop 
De Beers in favor of dealing 1 ‘freely with the world market.' 5 

• Lonrho PLC and Anglo American Corp. have pulled out 
of a plan to develop a gold mine in Uzbekistan. Lonrho, which 
will take a £15 million ($24.6 million) charge related to the 
project, said costs in the mining-supply industry, gold prices 
and “local factors” contributed to the decision. 

• Bayeriscbe Motoren Werke AG said sales in the first five 
months of 1997 rose an estimated 1 7 percent, to 243 billion 
Deutsche marks ($1433 billion). 

• Rhone-Pouienc SA signed a 500 million franc ($86.9 
million) joint venture deal with Hangzhou General Pesticide 
Plant of China. 

• Aegon NV, the Dutch insurer, said first-quarter net profit 

rose 24 percent, to 403.4 million guilders ($210.9 million) as 
customers put more into savings products and it expanded 
abroad. Bloomberg, AFX 

Elf Offices Raided by the Police 

CunpiMbx Our SbtfFram Dapawhes 

PARIS — Detectives raided the Paris headquarters of Elf 
Aquitaine SA on Thursday in connection with a fraud inquiry 
that is nearly three years old, the oil company said. 

The investigating magistrates in the case. Eva Joty and 
Laurence Victim ev sky, are looking into possible fraud in- 
volving covert payments made while Loik le Floch-Prigent 
was chairman of Elf from 1988 to 1993. Mr. le Floch-Prigent 
was released on bail in December after six months in pretrial 
custody. (Reuters, Bloomberg ) 


Tlie Trib Index Pnoss 33 J(3 ' 00 P - M - Now rof * tona 

Jan 1, 1992- 100. Laval CJrango % change year to daw 

% Change 

World Index 164.99 -0.42 -0-25 +10.63 

Rag tonal Indnaa 

Asm/PacHic 123.17 -1.28 -103 -0.21 

Europe 174.42 -051 -0.12 1 t850 

N. America 1B9.89 -0-62 -0.33 +17.28 

B. America 149.10 +2.26 +1.54 +30-30 

Industrial todaaaa 

Capital goods 201.61 -0.35 -0.17 +17.96 

Consumer goods 188.10 -0.37 -0-20 +16.52 

Energy 192.38 -126 -025 +1229 

Finance 722.77 47.86 -0.70 +5.42 

Miscellaneous 165.62 +0.03 +0.02 +227 

Raw Materials 184.65 -0.15 -0-08 +529 

Service 15324 +068 +0.38 +11.59 

UtMeS 140.62 -022 -0.16 -1.98 

The Intornattontl Herald Tribune World Stock Index C tracks the U.S. dotar n6ms Ot 
280 tnmmatiannBy tmestabfa stocks from 25 coonrWao. For more tfUbmwfibn. a free 
booklet is aveBsbto by writing lo The Ttib Mmt.181 Annuo Charles to GauBa. 

90521 NeuBty CetoK France. CompSed by Bloomberg News. 


MbdFudoai 
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NflAoSK 747 

Nintendo 8980 

NIpp Express 935 

NIpoonOH 6tt 

Nippon Steel 371 

Nissan Motor 754 

NKK 26 7 

Nomura 5ec 
NTT 1060b 

NTT Data 4390b 

OH Paper 
Osaka Gas 
Mcnh 

Raton 10200 

Sakura Bk 
Santyo 
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SaiyoEtec 
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SeQuRwy 
SekbulCtiera 
Sekbul House 
Seren4=teven 
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Shizuoka Bk 
Saffijank 
Sony 

Sumiwmo 
Sumitomo Bk 
Sumo them 
Sumitomo Elec 
Sun* Menl 
SifflMt Trust 
Tafeho Phaim 3090 

TahedaOwm 

TDK 

Tohoku BPwr 2000 

Total Bank 
Tokto Marine 

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TokraGas ”9 

Tokyu Corp. 670 

Tanai 13«0 

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784 778 

716 721 

2900 2910 

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AbBftl Price 

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Alcan Alum 
Andereon Expi 
BkMontred 
BL Nova Scotia 
Bank*. Gold 
BCE 

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PAGE 18 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, MAY 16, 1997 


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~ ASIA/PACIFIC ”” 


PAGE 19 


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Prosecutors 
Raid Offices 
^Of Nomura 

CaapSed by Ola- Stefi From DUparhei 

TOKYO — Prosecutors raided 
the offices of Nomura Securities Co. 
on Thursday , apparently in search of 
evidence that the brokerage concern 
had paid off government officials. 

Prosecutors also arrested Ryuichi 
Koike, the alleged sokaiya, or cor- 
porate blackmailer, that some 
Nomura executives have been ac- 
cused of paying off. Mr. Koike's 
brother also was . arrested on sus- 
picion of acting as an accomplice. 
Japanese television reported. 

On Wednesday, prosecutors ar- 
rested one current and two former 
Nomura executives over a 49.7 mil- 
lion yen ($418,500) payment the 
brokerage is accused of making to 
Mr. Koike. Sokaiya racketeers ex- 
tort money from companies by 
threatening to disrupt shareholders' 
meetings. Paying them is forbidden 
under Japan’s commercial code. 
‘Mhe raids were the latest sign that 
the sc and al at Japan’s largest 
brokerage company could widen to 
include bureaucrats and politicians. 

(Bloomberg, Reuters) 


Singapore Air Fails to Gain Altitude 


By Michael Richardson 

Imentation ai Herald Tribune 

SINGAPORE — Singapore Airlines cele- 
brates its 50th year of operation this month as 
one of die world’s most profitable airlines, yet 
its flight path ahead is unusually hazy. 

Since it ended a 25-year joint venture with 
airlines in Malaysia in 1972. Singapore Airlines 
has emerged as one of the largest independent 
long-haul carriers, frequently startling the avi- 
ation industry with the size of orders for new 
aircraft to increase its number of flights and to 
open new routes. 

But when the parent company. Singapore 
Airlines Ltd., reports its annual results Friday, 
most analysts expect little change from the year 
ended March 1996, when net profit was 1.03 
billion Singapore dollars ($717.8 million) on 
revenue of 6.89 billion dollars. 

Moreover, while most other major carriers 
have opted in recent years for a strategy of 
forming commercial alliances with, or buying 
into, other carriers to cut costs and generate 
growth, Singapore Airlines has been largely left 
grounded. 

Its 1989 code-sharing alliance with Swissair 
of Switzerland and Delta Air Lines of the 
United States has done little for Singapore 
Airlines’ bottom line, analysts say, and its 
equity investments in both have resulted in 
substantial book losses. 


Singapore Airlines lost out to British Air- 
ways in 1993 when it tried to buy a 25 percent 
stake in Qantas Airways Ltd. of Australia. 

In April, after almost two years of nego- 
tiations, Indian authorities blocked the carrier 
from investing more than $700 million with the 
Tata group, to set up a new airline in India. But 
Indian officials have said the venture may still 
be approved. 

Talks on buying into the No. 2 Australia 
carrier. Arisen Airlines Ltd., and the leading 
private airline in Indonesia. PT Sempati Air, 
may also yield concrete results in the next year 
or so. although neither potential partner is prof- 
itable. 

But a 23 percent drop in first-half operating 
profit, to 318 million dollars, despite a 10 
percent increase in passenger and cargo traffic, 
alarmed investors. The drop was attributed 
partly to rising costs and fare discounting. 

Peter Negline, regional airlines analyst in the 
Hong Kong office of Salomon Brothers Inc., 
said that “ over-zealous” fleet expansion in 
recent years had left Singapore Airlines with 
very high rates of capacity growth ax 13.1 
percent in the last financial year and 12 percent 
in the year chat ends next March. 

Michael Ong. an aviation analyst at SocGen- 
Ciosby Securities Pte., said lower jet fuel' 
prices, an industrywide fare increase of 3 per- 
cent that took effect starting in December and 
higher passenger loads per plane should have 


helped Singapore Airlines' earnings to recover 
in the second half. 

But with more than 80 percent of its sales 
earned in foreign currencies, the persistent 
strength of the Singapore dollar has depressed 
profit growth. So, too, have increasing costs in 
Singapore and competition from other air- 
lines. 

“We are squeezed by the strong Singapore 
dollar — which causes our revenue yields to 
drop — and rising costs,” Deputy Chairman 
Cheong Chocmg Kong said. “So while Singa- 
pore will always be a very important hub and a 
major contributor to our revenues, we should 
look at ways of getting a higher rate of return on 
our investments. ' ’ 

The earner is seeking to cur labor costs by 
introducing electronic ticketing, automated 
check-in and direct ticket sales on the Internet. 

The parent company has already transferred 
some office work to cheaper locations in Asia. 
Some of its accounting is done in Beijing, and 
some aircraft maintenance takes place in Xia- 
men, China. Software development has been 
moved to Madras, India. Units have set up joint 
ventures to operate flight kitchens and airport 
handling companies, as well as aircraft en- 
gineering and maintenance operations, in nine 
Asian countries. 

But Mr. Cheong said the biggest player 
should be the airline itself, “and we are looking 
at opportunities in die region.” 


TRANS EUROPE FUND N.V. 

Amsterdam 

The undersigned announces that in accordance 
with the decision of the Annual General Meeting of 
Shareholders held on Thursday, May IS, 1997, the 
dividend for the Financial Year 1996 ended as per 
31 December has been settled at NLG 1,00 per 
share of nominal NLG 25,- each. The dividend dis- 
tribution is subject to 25% dividend withholding 
tax. 

The dividend will be paid as from May 27, 1997 at 
the office of ABN AMRO Bank N.V., Foppfngadreef 
22, Amsterdam and Banque de Neuflize, 
Schlumberger, Mallet S.A., 3, Avenue Hoche, Paris. 

Holders of CF-shares will receive their dividend 

t rough the intermediary of the institutions where 
e dividend sheets were in custody on May 15, 
1997 at office closing time. Holders of shares regis- 
tered in its shareholder's register wijl receive the 
dividend directly from the company. 

Amsterdam, May 15, 1997 

Manager 

ABN AMRO-NSM International Funds 
Management B.V. 


China Pays Back France 

Beijing Signs $1.5 Billion Deal With Airbus 


By Steven Mufson 

Washington Post Service 

BEIJING — One momh after France 
helped quash a UN resolution that would 
have censured China's human rights re- 
cord, President Jacques Chirac received a 
pat on the back — and a $ 1 J billion 
contract for airplane purchases — from 
China’s leaders. 

Hours after his arrival Thursday on the 
first day of a state visit to Beijing, Mr. 
Chirac and President Jiang Zemin of 
China presided over the signing of a $1.5 
billion contract for Airbus Industrie to sell 
30 planes to a Chinese state-run aviation 
company. 

Several other French companies also 
signed deals. 

The Airbus deaL which will include 10 
A3 20 and 20 A321 planes, is worth more 
than twice as much as a Boeing Co. con- 
tract witnessed by Vice President A1 Gore 
during a visit here in March. 

That $685 million contract was for the 
sale of five Boeing 777 aircraft 

China linked the Airbus sales io 
France’s political stance. 


A spokesman for the Foreign Ministry, 
Shen Guofang, praised France’s role sup- 
porting China at the UN Human Rights 
Commission in Geneva and said that good 
political relations would “push forward 
economic and trade relations.” 

The Airbus deal could help protect 
thousands of jobs in France, whose gov- 
ernment is one member of die European 
consortium that owns the aircraft maker. 
Mr. Chirac, whose nation is suffering 
from double-digit unemployment, vowed 
to cultivate closer business ties to China. 

“I should like all my compatriots to 
share my conviction that despite the geo- 
graphical distance between us. China 
must be one of our main partners,” Mr. 
Chirac said. 

The new aircraft deal is certain to feed 
demands by U.S. executives that the Clin- 
ton administration further distance itself 
from human rights issues and take a more 
lenient approach to sales of sensitive tech- 
nology to China. 

Mr. Chirac also echoed one of Mr. 
Jiang's favorite themes by calling for a 
multipolar world that would have no su- 
perpowers. 


i: ■ % 


Where do 

you sell 


a 


with ease ? 


Hong Kong 
Hang Seng 
14000 

sA 

12500 J 

12000 

11500^ T-E-E 


Singapore 
Straits Times 

2250 — Mjhr — 
2200 V - 

2150 L- 

2100 — \ 

2050 

2000 — 


Tokyo 
. Nikkei 225 

* 22000 - 

■ 21000 1 

20000V 


D J F M A M 
1996 1997 


1950 D J F M A M 17000 D J F M AM 


Exchange • 

-Hong Kang 
Singapore 
sy*>ey' 
Tokyo . 


Hang Seng 
StrateTimes/' 
A8 Ordinaries 
NJkKel225 ~ 


Kuala Lumpur Composite 


1997 1996 1997 

Thursday ' Prev. ■ • 

Close ‘ Close ' Change 

14,041.90 14,15358 -0^9 

2A6&74 . 2,098.26 -1J36 

2A25-00 2,530.00 -0.20 

'2QA5&31 20,209.72 -0.76 

1,041.27 1 ,072.49 -2L9? 

557-87 571.30 -2.35 

689.95 683.86 ' +2.35 


Chinese Stocks 
Rebound After 
State Shake-Up 


Bloomberg Ne*.-s 

SHANGHAI — Chinese stocks 
recovered Thursday from their 
biggest dive in two months as in- 
vestors apparently decided a secu- 
rities-industry shake-up might not 
hurt share prices as much as they had 
thought. 

A government official said Wed- 
nesday that China had replaced the 
chief of its Securities Regulatory 
Commission after investors faUed to 
heed government warnings that the 
stock market might be overheated. 

The government also moved to 
suspend the trading licenses of two of 
the country’s biggest brokers — both 
state-controlled — for a year for in- 
volvement in market manipulation, 
the South China Morning News re- 
ported, quoting unnamed sources. 

Shanghai's B share index, which 
tracks shares available to foreign 
investors, rose 1 .4 percent to 88.77. 
In Shenzhen, the B share index 
gained 1.0 percent to 172.52. 


Bangkok • ■ SET ‘ . • ■ 557-87 571.30 -2.35 

Seoul Composa'e&xtex 689.® 683.86 ' +2.35 

Taipei ■ Stock Market Index 7,996.10 8,181.62 -&27 

Manila;., PSg- 2,631.09,2,705.92 -2:77 

Jakarta ’ Composite Index ] 656.99 670.® • -2 03 

WefBngton NZS&40 ■. 2,310.72 2,30099 +0.42 

-Bombay. Sensffivalndex 3,741.22 3,740.53 +O.02 

Source: Tefekurs Imenunmui HcraJd Tnbane 


Very brief lys 

• China plans to slow growth in Beijing,, the Xinhua press 
agency reported, implementing by 2000 tight restrictions on 
the use of land for new projects. 

• The Philippine Securities and Exchange Commission has 
created a task force to investigate recent steep drops on the 
Manila stock market. Chairman Perfecto Yasay said. 

• Abra Mining & Industrial Corp. plans to develop a gojd 
deposit on Luzon, but the Philippine company's president said 
the recent Busang goldfield hoax might complicate financing. 

• PT Timor Putra NasionaJ wiD ask banks for only $690 
million of the $1 3 billion it planned to borrow for building an 
auto plant, but it is considering an initial public offering to . 
cover the rest of construction. 

• Vietnamese police arrested 13 executives of Minh Phung 
Co., the Ho Chi Minh City clothes company connected with a 
bad-loan scandal, state-run media reported. 

• Japanese bankruptcies were 20 percent higher in April, at 
1,432, than in April 1996, the fifth increase over the past six 
months, a private research institute reported. 

• Mitsubishi Estate Co.'s profits for the year ended March 

plunged 44 percent, to 16.3 billion yen ($137.3 million), 
following its decision to move up by a year a plan to slash its 
debt below 1 trillion yen. AP, Reuters. Bloomberg 

Bre-X Sets Shutdown in Indonesia 

The Associated Press 

JAKARTA — Bre-X Minerals Ltd. said Thursday that it 
would cease operations in Indonesia in June but promised its 
approximately 1 ,000 workers there that they would be receive 
severance pay from a $600,000 fund. 

The company, whose Busang gold find on the Indonesian 
half of Borneo was found to be a hoax in an independent 
assessment, has filed for bankruptcy in Canada. A Bre-X 
executive in Indonesia stud closure of operations there had 
been delayed until after the May 29 general elections. 




; % 


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World Roundup 


Courier Emerges 


Murdoch Confirms From Time Capsule 

His Bid for Dodgers ^ 

basebaia Rupert Murdoch. the By Ian Thomsen HZ “ 

media mogul, confirmed that he International HeraldTribune short rtfT£»r Stuns 

was trying to buy the Los Angeles — - ICCfUicC* iJUAflo 

Dodgers. ROME — Jim Courier walked off i v n 

Murdoch said he met with the center court of the Italian Open looking OGLUCilSZ V ICCLTIO 


baseball Rupert Murdoch, the 
media mogul, confirmed that he 
was trying to buy the Los Angeles 
Dodgers. 

Murdoch said he met with the 
Dodger’s owner, Peter O’Malley, 
to discuss the possible deal “sev- 
eral weeks ago.” 

“We’ve had several meetings.” 
Murdoch said. 

He said he believed O'Malley had 
met with other possible investors. 

Murdoch said the reported price 
of about $350 million “is approx- 
imately what Mr. O'Malley and I 
have been talking about." (LAT) 

Slaney Drug Question 

ATHLETICS Mary Slaney, 38, the 
U.S. distance runner, is under in- 
vestigation for possible drug use, 
her lawyer said Thursday. 

The test was taken last June at the 
Olympic track trials in Atlanta. 
Slaney’s urine sample at the trials 
showed unacceptable levels of the 
male sex hormone testosterone, 
said her lawyer, Doriane Lambelet 
Coleman. 

Because testosterone is a nat- 
urally occurring substance, higher- 
than-normal levels do not automat- 
ically mean a positive result, Cole- 
man said. (AP) 

Ski Jumper B ann ed 

SKIING Andreas Goldberger of 
Austria, twice a winner of ski jump- 
ing's overall World Cup, was sus- 
pended Thursday for six months for 
using cocaine. 

The Austrian ski federation 
banned Goldberger from April 21 
until October 20 at a meeting in 
Kitzbuehel. (Reuters) 

3-Country Bid Planned 

Olympics Slovenia has com- 
bined with regions in two other 
countries — the Austrian province 
of Carinthia and the northeastern 
Italian region of Friuli-Venezia Gi- 
ulia — to make a joint bid to be host 
of the Winter Olympics in 2006. 

"This cross-border candidacy is 
a first in the history of the Games. 
Three regions, three languages, 
three cultures: a European dream 
comes true,” Carinthia’ s liaison of- 
fice said Thursday. (Reuters) 

Grand Prix Is in Doubt 

formula one The International 
Automobile Federation said 
Thursday it had switched the last 
grand prix of the season to Jerez in 
Spain from Estoril in Portugal. 

However, Augusto Mate us, Por- 
tugal 's economy minister, said that 
the race had only been postponed 
for two weeks to Nov. 9 to allow 
time for repairs to the circuit and 
that the government would bank- 
roll $6 million of improvements 
demanded by the automobile fed- 
eration. (Reuters) 

Sabres Fire Muckier 

hockey The Buffalo Sabres 
fired John Muckier, the general 
manager, on Wednesday. Muckier 
had bickered for two seasons with 
Ted Nolan, the Buffalo coach, and 
argued with members of the front 
office. 

Muckier and Nolan, a finalist for 
NHL Coach of the Year, barely 
spoke to each other this season un- 
less they were arguing. ( AP ) 


ROME — Jim Courier walked off 
center court of the Italian Open looking 
as invulnerable as he did during his run. 
of French Open titles. He was replaced 
on the stadium floor by Boris Becker, 
who quickly became frustrated, and 
Goran Ivanisevic, who was frustrating. 
It was as though all three of them had 
been sent forth from a time capsule four 
or five years old. 

For Becker nothing changes on clay. 
He lost, 7-6 (9-7 h 6-3, to Ivanisevic in 
the third round Thursday. Becker has 
played 53 tournaments on clay and has 
never won any of them. To his credit, he 
looked as frustrated as ever afterward. 
He still wasn't taking it lightly. 

“It's very bard to swallow it." said 
Becker, the 1 2th seed- "I fight very 
hard, I do everything right, be barely can 
stay in the match and then he wins it” 

Becker was on the verge of breaking 
ahead in the sixth game when Ivanisevic 
. backed him up with a most defensive 
lob. Becker allowed it to land. It brought 
up a little puff of white dust, like smoke, 
startling mm. He returned it weakly and 
Ivanisevic, the sixth seed, went on to 
hold serve. 

In the tiebreaker, the Croatian passed 
him outrageously while blunting four 
set points for Becker. Ivanisevic won six 
of the last seven points in the tiebreaker, 
and then the opening three games of the 
next set. 

Afterward, smiling, Ivanisevic gave 
thanks for a broken finger. 

It happened five weeks ago at his 
apartment in Split. 

“I came into the apartmenr to take 
something, but I forgot what I came in 
for,” Ivanisevic said. “Five seconds 
later I remembered. I came in again, I 
took the records in this hand and closed 
the door with this one, but I forgot to 
move my hand." 

He couldn't play for five weeks. He 
said it cleared his head. This is his first 
tournament back after just four days of 
practice, and he is in the quarterfinals of 
the Indian Open. 

‘ ‘Maybe the gods sent me this door to 
break my finger," Ivanisevic wondered 
aloud. "They say, ‘Stop!’ in order for 
me to be fresh for the French Open and 
Wimbledon." 

Becker preferred to view Ivanisevic's 
latest streak more realistically. 

“With him you never know,’ ’ Becker 
said. “He can wake up tomorrow morn- 
ing and it can be all gone." 

Courier, unseeded, followed his 
straight-sets upset of No. 1 Pete 
Sampras with a 7-6 (7-5), 6-3 victory 
over No. 15 Marc Rosset of Switzer- 
land 

To say that Courier is re-creating his 
old successful formula would be to ig- 
nore the improvements in his game — 
his willingness to approach the net, for 
instance. But the tenor is the same. 

"It's too early to say," he said when 
asked if his comeback was approaching 
completion. “If I keep playing matches 
upon maicbes upon matches upon 
matches like today, then that's the way I 
remember playing when I was playing 
ray very, very, very best. I was just very, 
very stable then." 

The same cannot be said of the de- 
fending French Open champion, Yev- 
geni Kafelnikov of Russia, who lost 
Thursday. 6-3, 6-2, to Alberto Be- 
rasateguL Kafelnikov attributed the loss 
in part to fatigue, but admitted that he 
will play next week in a tune-up tour- 
nament "to get points and save my 
ranking. If 1 lose in an early round next 
week. III be out of the top 10." 

For him to successfully defend his 
French Open title starring 1 1 days from 
now. he said, "would be a miracle." 


CROSSWORD 


_ The Associated Press 

BERLIN — Anna Koumikova, a 
15-year-old Russian, won her first 
match against a top 10 player 
Thursday, beating Arantxa Sanc- 
hez Vicario in the German Open. 

Koumikova overpowered Sanc- 
hez Vicario, ranked No. 6 in the 
world in the final two sets and won, 
3-6. 6-0, 6-3, to reach the quarterfi- 
nals. 

“At first I was overly excited 
but then I got used to the atmo- 
sphere," said Koumikova. “It was 
just a normal match for me." 

Maiy Pierce, seeded No. 12, 
needed only a hour to rout No. 4 
Conchita Martinez of Spain, 6-2. 6- 
0. Pierce, who also beat the Span- 
iard to win the Italian Open last 
week, has reached three finals in 
her last five tournaments. 



PtnJaGvxt^Rf uto, ■ 


Boris Becker returning a shot in a losing effort Thursday. Goran Ivanisevic won, 7-6, 6-3, in the Italian Open. 


Ronaldo Takes His Lumps, and a Euro Cup 


International Herald Tribune 

I magine trying to do your work 
while being thumped every few 
minutes. The harder you work, the 
more you're thumped. The better 
you work, the more you're thumped 
That is the lot of Ronaldo, 'the 20-year- 
old Brazilian superstar who plays soccer 
for Barcelona. 

On Wednesday, Ronaldo did his job. 
He was knocked down, picked himself 
up and scored from the penalty spot to 

f ive his team a 1-0 victory over Paris 
aint-Germain in the European Cup 
.Winners Cup final in Rotterdam. 

Ronaldo's boss, Bobby Robson, must 
know how his young star feels. In his 
season in charge of Barcelona he has 
been treated rather like a punching bag. 

Ronaldo was not the best. player on 
the field on Wednesday. He was out- 
shone in particular by two older com- 
patriots, Rai and Leonardo of PSG. 
However, on rite big night, in the noisy, 
exciting atmosphere created by the two 
armies of fans enclosed a tight bowl of a 
stadium known as the Tub, Ronaldo 
provided the decisive touch. 

PSG flew at Barcelona from the kick- 
off. For 10 minutes PSG played with 
menace. It combined unaccustomed 
verve with imagination and accuracy. 
Ronaldo’s first pointed intervention ac- 
ted like a pinprick in the Paris balloon. 

Ronaldo is not so much charismatic 
as magnetic. 

When he receives the ball, defenders 
are drawn to him like large iron filings to 
a magnet. He seems to upset their inner 
compass, panic-stricken shoes fly to- 
ward him . On Wednesday, in the low, 
gently sloping seats alongside the pitch 
the fans jumped to their feet as one and 
craned forward when Ronaldo received 
the ball. He is not a tricky or guileful 
player. He is a force of nature: fast and 
strong andunstoppably single-minded 
in his pursuit of goals. 

Ronaldo is not particularly graceful. 
He has had knee surgery and walks as if 
limping in both legs. Yet. he accelerates 
so smoothly that it can corneas a surprise 
when he zooms past defenders, Even at 
high speed his movement is angular, as if 
he is struggling to reign in his tremen- 
dous power. After all, it is not his speed 
which is deadly but his ability to stop or 
change direction suddenly and to adjust 
his feet immediately to some capricious 


ACROSS 

1 Like topiary 
7 "The never 
failing vice of 
fools' Pope 
1 2 Went mio hiding 
14 Brawl activity 


is Not in yet 
17 Stirs 

is f 993 musical 
with the Best 
Original Score 
io Product once 
pitched by 
Grace Kelly 


Est. 191 1, Pans 
“Sank Roo Doe Noo’ 


A Space for Thought. 


21 Pandowdy, e g 

22 Parsaghian et 
al. 

22 Multitude 
24 Thomas Moore 
ballad locale 

29 Artist Gerard 
BorcM 

26 Eminent 
Washington 
family 

27 Shakespearean 
female roles 

28 'Shiloh' 
novelist Shelby 

29 Strong 

30 Standup comic 
with a sitcom 

32 'G W.T.W ' 
extras 

34 Whoop n up 

35 In the back 
as Brisrol-Myers 

Squibb brand 
37 Eden and 
others, for short 

40 Following 

41 Surged 

42 Stay fresh 

43 911 responder 

44 3-D graph lines 

45 Dame's 
introduction 

40 Raphael s ' 
Maoonna' 

48 Victory Site Of 
March 1945 
so Japanese mats 
Si Veio 

sa-Navajo home 
saOty dweller s 
pocketful 


1 BarragM 

2 Cancaiurist 
Daumier 

3 Baseball s 
Sandy 


4 Salon orders 
s Go round and 
round 

e Anticipated 
7Rmg up 
8 1990 World Cup 
site, locally 

— had it 1 ' 

10 Alacrity 

11 1008b 

13 Before 

14 Lots 
is Let up 

20 Condition 
ahead ol time, 
as film 

23 Goes by foot, 
with “if 

24 Palatable 

26 Summer intern, 
maybe 

27 Tony winner 
Swoosie 

28 E 

29 IdlOt 

30 Old Testament 
book 

31 Makes a 
choice 

32 Enters, as a 
conuoversy 

33 Most interior 

36 Quashes 

37 Dress size 

38 Sea creatures ot 
myth 

39 Catches, ma 
way 

41 Arrived 
breathlessly 

42 13 th Precinct 
lieutenant 

44 Coots product 
smee 199? 

45 Canceled 
47 Moniker 
49 Showery 



M By Brandon Earns Ougtoy 

U'jVw York Tunes/Kditod hr Will Short z. 


Solution to Puzzle of May 15 


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European Soccer /Peter Berlin 


deflection of the ball. He is 1 .80 meters (5 
feet, 10 inches) tall, yet instead of stretch- 
ing out he seems to sink in on himself as 
he runs, as if pulled down toward his own 
center of gravity, which seems to be 
somewhere between his knees. . 

In the 10th minute. Luis Figo threaded 
the ball to Ronaldo’s feet in the penalty 
area. As the defense converged, Ronaldo 
calmly rolled it back to Figo, unmarked 
in front of goal. Figo shot wide. 


P SG continued to control the 
game, but with less conviction. 
For long periods, Rai cut off the 
supply line to Ronaldo. Fre- 
quently when he did get the ball, he was 
quickly knocked to the ground. 

Indie 36th minute, for rite only time in 
the game, Ronaldo received the ball in die 
penalty area facing the Parisian goal. He 
accelerated past Bruno N 'Go tty, die PSG 
center half. N’Gotty brought him down. 
Ronaldo had won Saturday's crucial 
league game against Real Madrid with a 
penalty. He coolly did the same here. 

Barcelona's season has been dom- 
inated by two soap-operas revolving 
around two men who arrived last sum- 
mer. Ronaldo and Robson. 

After Ronaldo started the season with 
an explosion of goals’ the club strove 
desperately to persuade him to sign a 


longer contract. He did. The new con- 
nan stipulates dial if another club wants 
to buy him they must pay Barcelona a 
punitive 15,000 million pesetas (SI 04 
million). The deal stretches until 2006, 
showing a huge faith in the resilience of 
Ronaldo's knees and ankles. 

Meanwhile, from the moment he ar- 
rived, Robson has been surrounded by 
speculation that he was only a 64-year- 
old stopgap acting as caretaker while 
Louis van Gaal completed the last year 
of his contract at Ajax of Amsterdam. If 
that was the case then, to Judge from 
Robson's words on Wednesday, 
nobody had told him. 

After the game Robson said: ‘Tm 
delighted for everyone, not least for 
myself.” 

And yet as be talked after the game, he 
seldom looked delighted. This summer 
he could complete a dubious hat-trick. 

Robson coached die England team to 
die last four of the Wood Cup. His 
contract wasn’t renewed. He coached" 
PSV Eindoven to two Dutch League 
titles in two years. IBs contract wasn’t 
renewed. Now, his team has won the 
Cup Winners Cup, lies second in the 
Spanish League with an outside chance 
or catching Real Madrid and a much 
better chance of securing Spain's second 
spot in the Champion's League. Bar- 


celona has also reached the Spanish cup 
final. Out of gratitude, the team has been • 
discussing a contract with Van GaaL 

Ronaldo takes his punishment with 
Br azili an cool. His laid-back manner is 
undisturbed by wild fouls, great goals, 
poor passes from teammates or unfa-; 
vorable refereeing decisions. 

Robson is always the English gen- ; 
ti p-man - He talks of creating a “family 
atmosphere ” at his club. 

But Barcelona is a somewhat dys^ A 
functional family, and Robson could not ™ 
contain a few sparks of resentment over' 
his treatment by Josep Luis Nunez, die 
club president.“How many presidents' 
get presented with a European cup every 
season?" he asked. 

This was a European cup, but not the • 
European Cup which Barcelona sees as . 
the proper measure of its. greatness. 
Robson must have known what he was- 
getting into when he took over from' 
Johan Cruyff, who had won the Euro- 
pean Cup for Barcelona. Van GaaHras\ 
won the European Cup with Ajax. 


G ood coaches build teams over 
time, as Robson did at Ipswich 
Town and Van Gaal at Ajax. 
But Barcelona is not die only _ 
big club with little patience. Many teams 
have been hurrying for years without 
ever getting anywhere, sacking coaches 
every season or two and starting over! 
and over again. However, a club that has 
Ronaldo is at least starting again from a 
position of strength. 

Next season at Barcelona could be- 
entertaining. According to Dutch le-' 
gend. Van Gaal exerted such obsessive 
control at Ajax that on team flights he 
told Michael van Praag. the club pres- 
ident, where to sit. Nunez is a different 
sort of president. 

After the game Ronaldo and his team- 
mates carried the cup on a lap of honor » 
dancing, waving, mugging for the fans.# 
Behind them, with his winners' medal, 
hanging round the shoulders of his gray 
suit, Robson strolled, hands in pockets 
staring dreamily "into the jubilant crowd. 

■ Lama Suspended for Cannabis 

Bernard Lama, who kept goal for- 
PSG against Barcelona, was banned. 
Thursday for five months, three sus- 
pended, by the French Football Fed- 
eration for smoking cannabis. Reuters 
reported from Paris. 

If he appeals. Lama could be allowed 
to play in the last two league games. The 
suspension will not keep Lama from 
playing for France if he is selected, as it 
only applies to PSG games. 



<•iM.ni Vnuripu jliiti/i. 

Barcelona's star, Ronaldo, sleeping next to his mother on the plane home. 


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INTERNATIONAL HERALD TRIBUNE, FRIDAY, MAY 16, 1997 


PAGE 23 



SPORTS 


Fight Night 
^In Miami: 
Knicks KOd 

Heat Narrow Series 
To 3-2; Brawl May 
Lead to Suspensions 


By Mark Heisler 

Los Angeles. Times 


MIAMI — They had their backs 
against the wall. The New York Knicks 
were at the gate. What could the Miami 
Heat do but . . . 

Raise ticket prices? 

The fans were revolted. Game 5 was 
revolting. Tim Hardaway and Alonzo 
Mourning combined to shoot 7 for 29 
and the halftime score was 35-34. But in 
a rare pleasant development for em- 
battled local fans, the Heat won Wed- 
nesday night, 96-81, prolonging their 
s Knicks’ Eastern 


iTjison and cutting the 
Confen 



Oakland’s Homer Binge 
Buries Milwaukee, 7 -4 


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ference semifinals series lead to 3 
games to 2. 

It was more a game-marred fight than 
a fight-marred game, featuring a wres- 
tling match between Miami’s PJ. 
Brown and the Knicks’ Charlie Ward. 
They were ejected along with John 
Starks, joining Charles Oakley who was 
bounced earlier. 

The referees noted that five of the 
seven Knicks on the bench joined in the 
melee — raising the possibility of sus- 
pensions for Game 6, up to a maximum 
of three. Starks made an obscene gesture* 
to the crowd and was pelted with debris 
as he left the floor. 

Pat Riley, the Heat's coach, blamed 
Starks for “instigating” the fight. “I 
was just talking to some guys,” said 
Starks, grinning. “I figured Riles was 
gonna say that ” 

Buck Williams of the Knicks blamed 
Riley. “What you need to do is fine 
these coaches," Williams said “‘Then 
you can eradicate these problems. 
That's what happened tonight. It’s so 
unfortunate because the guilty party will 
•«} 0 t be suspended. 

' r “Coach RDey did a good job inciting 
this kind of behavior in his team. Die 
physical play that got out of hand during 
the game. I think it was all a con- 
sequence of Pat Riley the last two or 
three days appealing to the basketball 
team. It was pretty much like a time 


Ci ■lid Urdri-Bnir^ 


Knicks 1 players trying to pull PJ. Brown of the Heat, in the white uniform, off Charlie Ward as die two fought 


bomb waiting to explode.” 

The Heat were certainly as inspired as 
Riley, the 550,000-per-speech motiv- 
ational expert, could get them. Between 
games, he read the players their quotes 
after their last loss, noting that none of 
them insisted they would come out 
fighting in Game 5. 

Meanwhile, other Heat officials 
sought to play down the furor surround- 
ing the jnice increase that more than 
■ doubled the price of die 4,000 seats 
available to fans not holding season 
rickets, or. as a marketing official 
named Jay Cross called them ‘ ‘our fair- 
weather friends.” 

The game took on a familiar pattern. 
The Heat started fast. The Knicks 
caught up. Mourning got in foul trou- 
ble. 

With 7:1 1 left in the second quarter. 
Mourning got his third foul — he 
bumped Wand going for an offensive 
rebound — and had to sit down for the 
rest of the half. The Heat were already 
down, 28-26. and a window of oppor- 
tunity opened for the Knicks. 

Not that they could go through it. In 
an agonizing quarter, of basketball, the 
Heat wound up scoring 14 points, die 
Knicks 12. The Knicks shot just 33 
percent from the field, turned the ball 
over seven times and shot a mere 40 


percent from the free-throw line. 

“We gave them life,” said Jeff Van 
Gundy, the Knicks’ coach. “They were 
struggling. If we had played good bas- 
ketball, we would have had a cushion in 
the second half.” 

The Heat led, 35-34. at halftime. It 
was 40-40 in the third quarter when — 
you guessed it — Mourning got in foul 
trouble again. 

This time it was even more senseless 
than usual. Mourning charged out to 
Oakley at the 3-point tine. Oakley, who 
rarely shoots from that range, faked a 
shot. Mourning took off and came down 
on top of Oakley for foul No. 4. 

Out went Mourning again, with 9:39 
left in the period, to wait it out until the 
fourth quarter. Another window of op- 
portunity opened for the Knicks. 

Without Mourning, with nothing 
from Hardaway who was working on a 
3-for- 17 night, the Hear went on a 20-10 
run and moved ahead to stay. Voshon 
Lenard. whose scoring totals in the 
series had been 2-2-22-4, popped awake 
again and scored 10 of the 20 Miami 
points. 

After that, the Knicks played catch- 
up but couldn't. 

Late in the game, shortly after Oakley 
was tossed for pushing Mourning and 
complaining to the chief referee, Dick 


Bavetta, the teams lined up for a free 
throw. Ward, the former Heisman 
Trophy-winning quarterback, seemed 
to dive at Brown’s knees. The 6-foot- 
11 -inch (2.1 -meter) Brown picked up 
the 6-1 Ward, turned him over and 
dumped him off the court. Many Knicks 
and Heat players came running over and 
jumped on the pile. 

“He must have bad flashbacks to 
Florida State,” Brown said later. “If 
you look at it objectively, you'll see he 
went right for my knees, like he was 
playing football. If he wants to play 
football, go back to Florida State.” 

They pulled die participants apart and 
started banishing rite principals. 

Starks made his obscene gesture to 
the crowd, he said, “because 1 felt like 
it.” 

The league is expected to announce 
fines and/or suspensions on Thursday. 

The New York Times reported: 

Bavetta released this statement on the 
incident: “After a successful free throw 
Tim Hardaway^ Charlie Ward of 

ew York undercuts PJ. Brown from 
Miami. PJ. Brown lifts up Charlie Ward 
and throws him to the floor. At that 
point, both players were ejected.” 

Asked if any Miami players left the 
bench during the incident, Bavetta said, 
"No, I knew for a fact they did not.” 


**««• 

ft 


The Associated Press 

Man Stairs homered twice as the 
Oakland Athletics snapped a seven- 
game losing streak with a 7-4 victory 
over the Milwaukee Brewers. 

Jose Canseco also hit two homers, and 
his fellow Bash Brother Mark McGwire 

B as i ball Roundup 

McGwire hit his 1 3th as the A’s hit five 
home runs Wednesday. 

Canseco and McGwire hit consec- 
utive solo homers in the third inning. In 
the fourth, Canseco followed Stairs’s- 
two-rnn blast with his eighth homer of 
the season- 

Stairs added a solo shot in the sev- 
enth. his fifth, for his first career mul- 
tihomergame. 

“You see Jose hit a bomb to left field, 
and then Mark just about takes the doors 
off the wall in -center field,’ ’ Stairs said. 
“It just loosens the team up a lot It just 
seems like it's contagious when you get 
the big hits. It's fun.” 

McGwire snapped a 25 ai-bat homer- 
less streak that was his longest such 
drought since 1994. 

Only 6219 fans attended the game, 
the smallest crowd in Oakland since 
April 22, 1 996. when 6,02 1 watched the 
A’s defeat the Brewers, 6-2. 

Cal Eldred allowed six runs and nine 
frits in six innings for the Brewers. He 
had few kind words for the Oakland 
Coliseum, which was considered a 
pitcher’s park before a redesign turned it 
into a hitter's paradise. 

"This ballpark makes you want to 
puke,” Eldred said. 

Rangers 4, Indiana 3 In Arlington, 
Texas, Bill Ripken's bases -loaded sac- 
rifice fly scored Will Clark in the 10th. 

Ripken hit a fly that was caught by 
left fielder David Justice but too deep to 
make any play on Clark. 

Mariners 9, White Sox 7 In Seattle, 
Ken Griffey Jr. hit his major league- 
leading 17th home run, and Brent Gates 
hit a three -run homer during the Mar- 
iners* five-run fourth. 

Griffey, who set a major-league re- 
cord with 14 homers in April, connected 
off Carlos Castillo in the sixth to give 
the Mariners a 7-3 lead. 

Yankee* 6, IVrino 5 Paul O'Neill tied 
the score with a run-scoring double in 
the ninth, then homered in the 12th as 
die Yankees won in Minneapolis. 

Earlier, Tino Martinez hat his 16th 


homer, tying Griffey for the major- 
league lead. 

Royal* e. Red Sox 2 In Kansas City, 
Boston lost its sixth straight game after 
Che Royals rallied for four runs in the 
seventh. 

Blue Jsy* 7, Tigers 2 Charlie O’Brien 
hit his first career grand slam and drove 
in six runs for Toronto in Detroit. 

Angel* s, Oriolo* s Darin Erstad. Gar- 
ret Anderson and Jim Edmonds hit two- 
run homers in consecutive innings as 
Anaheim rallied from a 5-0 deficit to 
beat visiting Baltimore. 

In National League games: 

Ptnrte* 15, Rookie* 10 Pittsburgh 
used a nine-run eighth inning to rally 
past visiting Colorado and stay in first 
place in the NL Central. 

The young Pittsburgh team, with a 
payroll of just S9 million, or S2 million 
less than Albert Belle is making this 
season, overcame deficits of 6-3, 7-5 
and 9-6 before Kevin Young’s two-run 


pinch-hit double put them ahead for 
good. A1 Martin men 
Rocku 


’ood. A1 Martin then finished off the 
tides with a grand slam. 

Pittsburgh, which remained a per- 
centage point ahead of Houston in the 
Central Division, stranded 11 runners 
— eight in the first five innings. 

Expos 9, Pod res 7 Rondell white hit a 
go-ahead run-scoring double in the 
eighth inning as host Montreal topped 
San Diego, which had two pitchers ejec- 
ted for hatting batters. 

Dodger* 6, Cub* 4 Nelson Liriano 
doubled to start a game -tying rally in the 
eighth, then hit a two-run homer in the 
ninth as Los Angeles won at Chicago. 

Cwtfinais 1 2, PMffie* 3 Ray Lankford 
had three hits, including a two-run 
homer, and pinch-hitter Gary Gaetti 
doubled home two runs in a three-run 
fifth inning as St. Louis won ar Phil- 
adelphia. 

Astro* 1, Met* o Darryl Kile pitched 
four-hit ball for eight innings, and 

§ inch-hitter Craig Biggie hit a sacrifice 
y in the ninth as Houston won in New 
York. 

Martins 4, Brave* 3 Edgar Renteria’s 
single scored the go-ahead run in the 
seventh inning as visiting Florida 
denied Denny Neagle's bid to become 
the NL’s first seven-game winner with a 
win over Atlanta. 

Giant* 4, Red* 2 In Cincinnati, Barry 
Bonds hit a solo homer in the 10th 
inning as San Francisco overcame a rare 
failure by relief pitcher Rod Beck. 


Scoreboard 


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BASEBALL 


Major League Stan dings 


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Toronto 20 

Detroit 1* 

Boston 15 

CENTRAL IXVtSlON 


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16 -590 3 

17 341 5 

22 .421 9% 

22 .405 10 




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Minnesota 


16 343 — 


17 326 
1? -486 
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25 375 


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Seattle 

23 

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21 

15 

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17 

19 

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16 

24 

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EAST Df VISION 



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13 

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Florida 

23 

16 

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20 

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20 

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513 

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20 18 326 — 


Houston 2! 39 325 — 

St. Louis 17 21 .447 3 

Ottaigo 11 26 297 8'4 

QndnnaS 11 26 JP7 8V4 

westhmson 

Sari Francisco 23 13 339 — 

QUoiwta 22 IS 395 IV* 

Los Angdes Zl 15 383 2 

San Diego U 22 389 9 

WDHtWGr'SLMSCOai 

AMERICAN LEAGUE 

Toronto no in MW 12 l 

Detroit 200 «0 no— 2 5 0 

Hentgtn ond O'Brien; Moehler. M. Myers 
(BLToJones {B and BJohmon, Casanova 
(8). W— Hentgea 6-1. O-Moehter, 2-3. 
HR— Toronto O’Brien (2). 

New Tort 011 110 001 001-6 12 0 

Minnesota 020 008 3n 000-6 13 2 

02 Innings} Pettltte, Nelson (7). Stanton 
(7), Medr (0). Boehrfnger 01), MJttvero 
02) and GHordfc F.Rodrfguez, Swindell (6). 
AguDaro (9). Guaidado (12), Nautty 02) and 
SMntxich. W— Boefirtnger. 2-2. L— Guor- 
itato 0-1. Sv— M. Rivero 04). HRs— New 
York, T. Martinez 06), ottefli (7). ' 

Boston on Ml 001—2 10 1 

Kansas aty WO 008 41a— 6 1 I 

Wakefield, Lucy (7). Gams 18) and 
Hasdmaru Rusefc R. Veres (6), Ptciiordo 
and MLSweeney. W— R. Veres. 3-0. 
L— Wakefield. 1-2. Sv-Pid>ank> (6). 
HR — Kansas ary, C. Davis (4). 


M0 100 110 0-3 0 2 
Texas 000 001 020 1—4 13 0 

OO Innings) Nagy, Plunk C8], Mormon (8), 
M. Jadaon (9), Assronocfter t?0, AZapei 
(10) ond Borders WOt wettetond (9) and I. 
Rodriguez. W— Wettaand2-0. L— A. Lopez, 
0-2. HRs— Oevetona Thome (7)- Texas, 
JaGonzoiez (4). 

Mfwoohn 000 010 102—4 8 0 

Ooktatd 102 on 10a— 7 11 1 

Eldred. Adamson (7) ond Mothaiy, Levis 
(»; Prieto A. Sroofl 0), Toyta (9) and 
Moyne. W— Prieto 3-Z L— Eldred. 4-4. 
HRs— MDwaukee, toVatadln 0). Oakland; 
Statu 2 C5J, McGwire (13), Canseco 2 («. 
BcflriKore 302 000 H*-5 11 0 

Antaefis- M2 220 80a— 6 7 1 

MLMtnson. Bosftie (5). Rhodes (6). 
Br. Williams (B> and Hones; Hasegowa, D. 
Springer (4), Holte CM and Fabregas. W— D. 
Springer, 1-1. L—BcriOe, 1-Z Sv-Hoto 
O). 

CMcago 200 on oij — 7 u • 

Seattle 100 581 2fix-9 IS 0 

More rro, C CasfflJo 14 ), Kordmer (H) ond 
Penn; Moyer, Ayala (71,Qtotnt«C9) and D. 
WRson. W— Moyer, 3-0. L— Navarro, 3-Z 
Sv— Chariton (1(8. HRs— CMcago, PNinps 
CO, Baines (4), F. Thomas (6). Seattle, 
Griffey 07). Gates (1). 

NATOMAL LEAOUC 

Sad Diego 300 DIO 210-7 10 2 

MOKlreM 100 210 14»-9 12 1 

ItWanel. Bogmon 12), Scott (7). BocMter 


(7), Long (8), Hoffman 18) ond Flcherty; 
Juden, D. Veres (7), Danf (7). M. VOIdes (7). 
U rhino (9). I_ Smith (9) and WMger. W — M. 
Vo Ida, 1-2. l — H offman, 1-2. Sv— L. Smitti 
(3. HR— San Diegn Cr Jones (3). 

Los Angela 000 000 222-6 12 1 

CMcago 000 210 100-4 7 0 

RJAarilnez, Hall (7), Radinsky 171. Osuna 
(7). To. Worrell (9) and Plazzn; TrachseL T. 
Adams (7). Wendell 18). Ro|as (9) and 
Servo is. W— Osuna, 1-a L— Rojas. o-Z 
Sv— To.Worrefi 01). HRs— Las Angeles. 
Mondesi IB). Uriano 0). Chfcoga McRae 
(4),Ma£raoe(5). 

Houston 800 000 001—1 7 8 

New York 000 000 000-0 4 1 

KB* B. Wagner (9) ond Eirsefcta R.Reed 
McMfctwsi (9) and Huntley. W-tOe, 3-Z 
L— McMktaal 3J. Sv-B. Wagner (9). 

St Louts BOO 233 006-12 17 1 

PhladelpMa 100 101 000-3 9 2 

Stattemyra Petkavsek (7), EcttoWey (99 
and Dffedce; Madura. Mimbs (SI, R. Harris 
(7), Pkmtenbeni CB), Ryan (ft and 
Lieberthal W— Siottlemyre, 2-Z 

L— Madura 3-4. HRs-SLLoUl& Clayton 
(4), Gaeffi (3), Lankford (6), FnmWto (1). 
PMadetphla, Daulton (4), Brogna (4). . 

Colorado 015 000 121—10 11 2 

Pittsburgh 120 020 19»-15 11 0 

Wright DIPoto (5). McGmy (6), M. 
Munoz (7), S. Reed (BL B.Ruffln IB) and 
Manwaring; Loaftn, WaWuwse (6), ML 
WMtos (8), LoMlelft and Kendall. W— M. 


WUklns, 3-0. b— S. Reed, 0>Z 
HRs — Cdorada Ec. Young (21. Ptttsburgn, 
A. Martin (4). 

Horlda 001 001 200—4 10 0 

Atlanta 001 200 000-3 10 2 

K-Brown, F. Heredia (7). Pawel (8). Nw 
(9) and C Johnson, Zaun (7); Necgle, 
Bietedd (7), Embrae (8), Wohlers (ft and j. 
Lopez. W-K. Brawn, 4-Z L— Bietedd, M. 
sv— Nen no). HR— Florida. Dunwoody (1). 
Son Freedsco 000 010 001 2-4 10 0 
Ctoctoatl 010 000 001 B-2 9 1 
(10 Innings) aFemondez. Poole (8), Bede 
(ft, R. Rodriguez (101 and Jensen, R-WBUns 
OMi Sdtourok, Belinda (6), Show CO, 
RemBnger HO), Brantley OO) and 
Toubensea. W— fiedt 2-1. L— Remllnger, O- 
2. Sv— R. Rodriguez 0). HRs— San 
F iandsca Bonds (6). ClndnnatW R3onders 
15), w. Greene (51. 

Japanese Leagues 
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Ncnciuow 



w 

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Sefbu 

18 

13 

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581 

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Orix 

15 

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536 

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17 

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515 

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14 

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17 

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35 

Kintetsu 

13 

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Yakut! 

20 

13 

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Hiroshima 

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14 

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Honshln 

15 

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M4 

44 

Yokohama 

14 

16 

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Ml 

45 

Hansnin 

15 

18 

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55 

Yomlurl 

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17 

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.452 

54 


THURSDAY'S 

Yatarft 7, ClMNdil 3 
Honshln Z YOkohamo D 


RBSU&TS 


Kintetsu ADaW 4 


FOIAL 

WEDtESDAY. W ROmStDAM 

Barcelona 1, Ports STGefinaln D 

■msusii nosonoN puurom 

SSOHNALS, RHTUWI LBO 

istdiwson 

Wotverhompton Z Crystal Palace 2 
C Palace advanced on 4-3 aggregate 
Ipswich Z Sheffield United 2 
3-3 agg; Shelf. U. won 2-1 on away goals 

ZNO DflftStON 
Brentford Z Bristol aty 2 
Brentford advanced on 4-2 aggregate 
Luton Z Crewe 2 

Crewe advanced on J-3 aggregate 
SflDWVBWN 

Swansea Z Chester 0 
Swanseo advanced an M oggregate 
Northampton a Cordtff 2 
Northampton advanced on 4-2 oggregate 


UBBKZA D OR iS CUP 

2ND ROUND. RETURN LEG 
Cato Cato Chie. 1. Nadanal Uruguay, 2 
Coto Colo won 63 an aggregate 
Orient* PetralBra BaKvfa, 1, Unhrereldad 
Catota CWte5 

Unteetsldad Cntflca won 9-1 an aggregate 
Cnrakts Brazil Z NadonaL Ecuador, 1 
Aggregate score 2-Z Cruzeiro won 5-3 on 
penalties. 

Already qualified for quarfer-flnafs: Bafi- 
var, BolMoc Greroto BisriU Penarol 
Uruguay; Radng Club, Argentina; Sporting 
CrtstaLPeni. 


BASKETBALL 


NBA Playoffs 


CRICKET 


PIDRPUD U CSCUP 

r-OAy INTERNATIONAL 
INDIA VS- NEW ZEALAND 
WEDNESDAY. W BANGA L ORE. OCHA 
New Zeatomt 220-9 In 50 overs 
IntSa: 221-2 In 4JJ avers. 

India won by eight wickets. 


TRANSITIONS 


(BEffFO^SEVEN) 

WnmfiSDAY'S HStKT 

New York 22 12 25 22- 81 

Min Sri 21 14 31 3D— 96 

N.Yj Stalks 6-12 8-10 21. Ewing 9-19 1-4 
19! M: Lenard 8-11 3-321, Brown 6-10 64 18. 
Rebounds— New York 44 (Oakley ft, Miami 
52 (Brown 12). Assists— New York 19 IQtMs 
7). Miami 16 (Haidawroy 6). 

(New York leads series 3-ft 


AMSRICAN LEAGUE 

Baltimore— R eleased RHP Gtovantl 
Carrara. 

Oakland— Optioned OF Ernie Young to 
Edmonton, PCL Recalled OF Patrick 
Lemon from Edmonton. 

Texas— P ut 2B Mark McLemore on 15- 
doy disabled list 

NATIONAL LEAGUE 

□mcjnmati— S igned RHP GJovannl Car- 

rara. 

Colorado— P ut RHP Bill Swift on 15-doy 
disabled fist ret nx idlvB to May la 

St. louis— P ut IB Dmlhl Young on 15-doy 
dbobfed Bsf retroodhre to Moy 11- Recalled 
INF Mike Guton from Loulsvflle. AA. 


NATIONAL HOCKEY LEAGUE 
buffalo— F ired John Muddar, general 
manager. 

PHOEK DC— Signed D Sean Gagnon. 


,r I.J'IIKU® 1 


DENNIS THE MENACE 


PEANUTS 


CALVIN AND HOBBES 


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WELEMTOR 


Entebxainment 

Appears every Jfedaesday 
u) The IntermarkeL 
To advertise contact 
Sandy O’Hara 
in our New York office 

Tel.: ( 1 - 212 ) 752 3890 
Fax: (1-212) 7558785 
or your ne^re^ IHT office 
or representative- 


-■nCj,’ 

























OBSERVER 


Enriching Your Life 


The Little Movie That Suddenly Became Big 


By Russell Baker 


N EW YORK — Why is it 
that when gigantic corpo- 


i.N that when gigantic corpo- 
rations say they are in business 
to enrich our lives, 250 million 
Americans do not rise as one 
and cry out, 1 “Oh, stuff it!”? 

The question comes from a 
friend who owns some AT&T 
stock and forwards his copy of 
its annual report for 1996. The 
passage that galls him in this 
prose souffle has the top 
AT&T boss, speaking of the 
customers, promising that the 
company will ‘‘enrich their 
personal lives.*’ 

What insolence! How 
many people here want 
AT&T meddling in their per- 
sonal lives? All I want from 
AT&T is a clear connection to 
the party on the other end of 
the line, or whatever it is that 
the party on the other end is 
on these days. 

What the telephone is in 
my personal life is an irrit- 
ation, like a hangnail on your 
ear. There's the telemarketing 
call just as you're dipping into 
the mashed potatoes. There’s 
the answering machine that 
takes your long-distance call 
and charges you for saying 
there’s nobodv home. 


the stockholders, it is because 
their business skills and their 
hard-nosed, even courageous 
readiness to make tough, lean, 
mean decisions produce ever 
rising profits for stockholders. 

Ana who are those en- 
riched stockholders? They' 
could be you, friend. And you 
and you. depending on how 
you have arranged for your 
financial future, assuming 
that you have arranged for 
your financial future. 


By Joan Dupont ' 

International Herald Tribune 


C ANNES — A few days ago. 
Samantha Lane — the only 


Corporate guff like this 
about enriching your personal 
life is dumped on us inces- 
santly while, at the same time, 
the air is filled with manly 
bo as is about the ruthlessness 
of corporate America. 

From the boardroom we 
hear that President Coolidge 
was right all along. The busi- 
ness of America rally is busi- 
ness. It is not personal en- 
richment of its customers. It is 
financial enrichmenr of its 
stockholders and its execu- 
tives. 

If executives are often en- 
riched far more grandly than 


Ruthlessness is the exec- 
utive's philosophical duty. 
His job is to crunch the num- 
bers, increase productivity, 
reduce or abolish fringe ben- 
efits for undownsized em- 
ployees. export jobs to far- 
away lands free of unions and 
child-labor laws and keep 
America N umber One despite 
intense global competition. 

Business advertising, how- 
ever. still concentrates on 
telling us what swell folks they 
are. AT&T is thinking of our 
personal lives. The airline in- 
dustry. which has made flying 
an extremely disagreeable ex- 
perience, talks of friendly skies 
and devoted mechanics mak- 
ing planes safer and safer. 

In the new corporate style 
you might expect the airlines 
to boast of their overworked 
crews becoming ever more 
testy, ever more dictatorial, to 
brag of loyal mechanics mak- 
ing the seats ever smaller, ever 
closer together — and all to 
enrich their stockholders and 
keep America No. 1, hurrah' 

They don't do that. Instead 
they keep spoofing us about 
how much they like us. And 
250 million do not rise as one 
and say. ‘‘Oh, stuff it!" 
That's probably because 249 
million have become too cyn- 
ical from being deceived so 
long that they no longer care 
about being deceived. 

ArVn’ York Times Sen-ice 


Samantha Lang — the only 
woman and the youngest director 
in the festival compention — left 
her beach apartment in Australia, 
and arrived in Cannes to present 
‘‘The Weil,” her first feature. "It 
was an honor to be selected, but it 
was nerve-racking too. and it’s 
very strange to be the only woman 
— in Australia, that’s not 
something you think about” 

Her friends call her Sam. Cool, 
lanky, and 29, she seems unfazed 
by all the fuss about ‘‘a little film 
that's suddenly become a big film. 1 


50TH CANNES FESTIVAL 


wasn't sure people liked it that 
much,” she says, “but it's my first 
feature and I think, if you can't take 
risks with your first when can 


A gothic drama about two lonely 
women, "The Well” is adapted 
from a novel by Elizabeth Jolley 
and was shot in New South Wales. 

Hester, a solitary soul takes in Samantha Lang, cei 
Katherine, young and wild. Hester 
wants to nurture; Katherine wants to take. "The film is about 
being disenfranchised, and never having had love or the 
comfort of security. Ultimately, both women are in search of 
the same thing, but they're mismatched — it can't last.' ' The 
characters swerve between hidden desire, bold power plays 
-and swift betrayal. One night, as they are driving in the dark, 
a man appears. Run down like a kangaroo, he is buried down 



Samantha Lang, center, with the stars of her first feature fflra, Pamela Rabe and Miranda Otto. 


and "A Portrait of a Lady” for 
Campion. “High Tide” for Gillian 
Armstrong, as well as "A Thou- 
sand Acres” for Jocelyn Moor- 
house. . 

"Sandra Levy was producing. 
Laura had written the script and I 
read it and thought, wow, a chal- 
lenge. Even though it was my first 
feature. Laura was always support- 
ive. She said. ‘It's your film, 
you ’ve got to be bold, you've got to 
be original.' " 

Lang, who doesn’t consider her- 
self a feminist director, finds it nat- 
ural that she "rose through the sys- 
tem — the hardest part if you're 
outspoken.” and got to the top. 

“In America you have women 
producers and writers, and not that 
many women directors, but in Aus- 
tralia we really don’t notice the 
difference between the sexes. Of 
course there is a difference," she 
adds. 

Bom in England, of parents from 
a working-class background, she 
was die first in her family to go 
through school and university. 
‘ * My mother split with my father — 
she met an Australian and we came 


to Australia. It was a huge oppor- 
tunity. I was sent to a eood public 


friends and colleagues. She had worked with Mandy Walk- 
er, the film's director of photography, on short films. They 
used a technique called "bleach bypass.” a process that 
makes the images starkly contrasted. The costume designer. 
Anna Borghesi. found that the technique made her think 
about characters in terms of texture and silhouette, instead of 
color. When it appears, color can shock — a chrome yellow 


tunity. I was sent to a good public 
school that was middle class, so my milieu changed.” At 
The Australian Film, Television, and Radio School, she 
marfi 1 shorts. "Audacious," her half-hour film, won prizes 
and went to festivals. A kind of romantic comedy, it was 
from a story she wrote about a married woman, dissatisfied 
with her sex life, who finds a service on the Internet run by 
le: She confides her fantasies, they act them out and 




liiiiMSil ‘MtJ K ! L-t- 1 




“Yes. it's scary.” the director says, laughing. "There's 
definitely somebody down there, even though you never see 
him.” As the women reinvent their lives, the other men in 
the story look on. powerless: ‘ ‘This film is really made from 
the point of view of the women and how men affect them. So 
many films depict women through the eyes of a man, so this 
was fun." 

The story feels other-worldly, like a fable. “It's no time, 
out of time; die exterior world is just a representation of what 
is going on inside the women.” Lang says. 

Pamela Rabe, a Shakespearean actress, plays a repressed 
and sensual Hester. “She's exquisite and she took a big risk 
because it wasn't a glamorous role. We made her up to look 
1 0 years older. ’ ' Miranda Ott, who plays devilish Katherine, 
was hired after the first test: “She was dazzling and had the 
complexity the part needs.” 

Lang picked her crew — women in their 30s — from 


blonde complexion. 

Even before the film was screened here. "The Well” was 
being compared to Jane Campion's "Sweetie” and other 
films from Australia and New Zealand about women's ties 
and wounds. Lang makes it clear that she can do without the 
comparison. 

"it's true that Jane Campion is a brilliant filmmaker and I 
admire her work, but it’s also true that I don't use her work as 
a reference. I love the perversity of Bunuel. and I learned 
French watching French movies. When I was very young, my 
stepfather took me to the Valhalla cinema in Sydney to see 
Fellini. Bergman and Resnais. "Hiroshima. Mon Amour” 
was the first movie that obsessed me. What's inspiring about 
Jane Campion is that she did it. But we have many strong 
women filmmakers.” 

Laura Jones, who brought her screenplay adapted from 
"The Well" to Lang, also wrote “An Angel at My Table” 


finds the tapes, he’s humiliated. It's about intimacy, how 
people can’t express desire." 

John Poison. Lang's boyfriend of four years, played the 
busbanii 

Between studies. Lang spent a year in Grenoble, France, 
where she got a degree in literature. "From a very early age, 
1 knew 1 wanted to make films, but I thought that I should do 
Things that have nothing to do with filmmaking first, because 
there’s technique and then there’s understanding human 
beings." 

She is working on adapting "The Monkey's Mask," a 
contemporary urban thriller in verse by Dorothy Porter, set 
in Sydney — "very different in style from 'The Well,’ but 
the themes are not that different, it's abour love, betrayal, 
and solitude. These are the kind of films that interest me, 
films that let me explore the human condition." 

More Cannes festival news. Page 12. 



PEOPLE 


P OLICE records in the investigation 
of sexual abuse allegations made 


l of sexual abuse allegations made 
against the late author Michael Dorris 
contain private information and won't be 
made public, a Minnesota judge has 
ruled. Dorris, who won a National Book 
Critics Circle award in 19S9 for "The 
Broken Cord,” an account of how fetal 
alcohol syndrome affected his adopted 
son, committed suicide last month in 
Concord, New Hampshire. After his 
death, it was disclosed chat Dorris faced a 
child sex-abuse investigation. Normally, 
when the subject of an investigation dies 
before any charges are Filed, the case is 
closed and police records become pub- 
lic. But Minnesota law allows die files to 
be sealed in some cases. 


"Spice" can also boast 12 million sales 
worldwide to date. 


Studs Terkel is giving up the radio 
show he's done for 45 years. The 85- 
year-old oral historian is going off the 
air at WFMT-FM to become a Dis- 
tinguished Scholar at the Chicago His- 
torical Society and develop an archive 
of his interviews, documentaries and 
other work. Terkel has done more than 
6,000 interviews, including those for 1 1 
books of nonfiction. 


East Hampton without the traffic, die 
scene or the gossip columnists stirring 
things up. "I think we've been found." 
said Sally Siano. a real estate agent, 
explaining the sudden clamor for the 
great old estates here. "The Hamptons is 
all Hollywooded out." she said- 


]rfl Ulrn 


Geri Halliwell of the Spice Girls. 


The British pop group the Spice Girls 
showed uncharacteristic modesty after 
beating the Beatles to become the first 
British band to top the American Bill- 
board 200 chart with a debut album. 
Their achievement was confirmed by 
their record company. Virgin, before the 
chart's publication Friday. The album 


Somewhere between the time actor 
Chevy Chase abandoned Los Angeles 
for horse country and this spring, when 
novelist Michael Crichton paid $2.8 
million to add five acres to his own 
estate, a quiet stretch of Westchester 
County began to evolve into one of the 
most glittering addresses in entertain- 
ment and society circles. Forty miles 
from midtown Manhattan. Bedford is the 


Abandoned in the lare 1970s and vir- 
’ tualiy destroyed by fires and neglect, the 
renovated three-story home where 
Margaret Mitchell ’ wrote most of 
"Gone With The Wind" is now open to 
the public. The renovation of the tum- 
of-the-centuiy building where Mitchell 
lived with her husband. John Marsh, 
between 1925 and 1932. ends years of 
effort to preserve one of Atlanta's few 
remaining ties to the novel and the 1939 
film. Public tours, on weekends only, 
will begin Saturday. 


father but rather at what he has done to 
Cuba.” Fernandez said in an interview. 
In her autobiography, "Alina: Memoirs 
of Fidel Castro's Rebel Daughter." 
published this month, Fernandez relates 
how her mother, Nad Revuelta, lived a 
life obsessed with the man who aban- 
doned her before Alina was born. 
Fernandez, bom in 1956, said it was not 
until she was 10 that her mother told her 
who her father was. 


Eddie Murphy has filed separate law- 
its against die National Enquirer and 


new anti -Hamptons. It’s Aspen without 
the fuss. Montana before Ted Turner. 


Turner. 


It has been 16 years since they talked 
to each other, but Alina Fernandez 
remains bitter toward her father. Fidel 
Castro. “I don't feel hatred toward my 


suits against the National Enquirer and 
the Globe, saying the tabloids published 
false stories prompted by his encounter 
with a transsexual prostitute. The suits 
each seek $5 million in damages. Murphy 
filed a third suit against an individual 
named Ioane Seiuli for comments at- 
tributed to him in the New York Post. 
Murphy has said he was just trying to be 
nice when he gave Atisone Seiuli a lift in 
West Hollywood on May 2 while un- 
dercover sheriff s deputies looked on. It 
was not immediately clear whether Ioane 
Seiuli and Atisone Seiuli are related. 





Studs Terkel. ending radio show. 


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