Skip to main content

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

See other formats



V/ 

The M-tr. - - ? ’ -rom .L give A- 
L <it U--‘ , ' X5f - l *o *« su fajeci d,5lan te ^ 

'-i-jk K , J^arv.,, J^ci 0 f c “*iw 

^ M > £*ake bL^'% 

«ai^ L^andS** 1 cJSf 


mw% * 

ft* '- t ’ 1 *cen~ >earv or rr*w 
. nim :a > n - n n “ My £*«ci£ 

; Vwi^ fef^andS? - 1 c%5S2r 

Cb g^- -V .1^ after 1 

I The World's Daily Newsoaner 



■"*k> ? ij. i m4e nuenc SE e ,5 

****• ~ ,f *9 ^ er 

^ssS-Sa^;^ 


Herald 


INTERNATIONAL 



PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST y 


Paris, Wednesday, May 21, 1997 



Dollar Dips 
As the Fed 
Leaves Rate 


tnher L-r insidJz 15 ^ ! 

-As n : - *^* e wrsidfc ^ ^ Q 

• r-:‘ lif e j s 

■«** fell 

.•noth;; •, f .■ tr _'.‘ - n ight. thev came kjf® 6, 

wncihw;:^, '^ n £‘ Can film. 7§ ftt ' 




•^WiSWFB 


G 

wj., 

ri :.V. 

.. 

Pvr: 

. WV.J * - '. 

“bo? *•, 
. I*”-:: 

-• . 

jV.fi Vi 
• - 

K- V 

hr:: :.- 


• — •-■tuii.eu uie 

:.• .... _ h;T r moral snpn^ 

-- .» .-V.7'' “ Atf dial thgi 
• '-"i\"*' : ‘v’^tmenL Bui de 
.7\ . *’ ‘-*' 1l> **> shier im 

. v V' ^T 0Ui Bergson iJj 

_--••• ''-s: *a> lmponn 

. ;'■' • r ~-- pushed, aai 


Hj*»i Z- 
i?Si .: 


. . - pusaed. m 

I” *el»i Hal 

• ■’■ '. 2 nd nou.uth 


t-.'tor*'.. 
kt-.f-x :. ■: 

JW'« ■; 


"* • ■ ’( Ann Keinking.aodt 
■. CX-jAsunoreaua 

■*' i - .- •■'umaliscs. 



"v. • ■ .. j ~-.Ae hision, i: 

& 

T.:r- pQjsHjt 
•. ■ .v -.l". terror Be. 

Aciv 

- z: ~.z:s than 3 rik 

. :\ 

. • : v 1-::.'™?:. !: acsics. 


to acssf 

I-** 

. -j « r. ^ -live area 
: . \\ : ;r. BriisOs 

'St* 

‘ n ‘ - 

the - -~ 

.... BoMwSa 

.. r . I<W £ 

imh- 

* - 

»' C> - • ; 

- .. ; . j j-.-vi.it*! nin enra 
jujoviota 

• Rj*m*-nd Broderick dea 

• - * 

. ed uith t 


~ ^ movie st 


v- hi ruled i 

anr- ■ 

' .^i. -iii «-!« 


... vieli-tao 


fley»v 
afe- !‘-.v; 


:f-i. •• 




■ r*- «- : - 


•- ••.UK 


m ■< •■•'*. 




UV 


-*■ •'•• 




:. .- '.I'lir 

. -...jJP* 


I :' A " ’• " 


*. r :^' J 


i^T 


7T** 







Unchanged 


Stock Prices Recover 
From Losses Tied to 
Fear of Tight Credit 


5f 


By Mitchell Martin 

International Herald Tribune 


NEW YORK — The U.S. central 
bank gave Wall Street a break from 
rising interest rates Tuesday, leaving its 
policy unchanged despite robust eco- 
nomic growth. 

The dollar weakened, but stock prices 
recovered from steep losses as traders 
digested the news, with the Dow Jones 
industrial average finishing 74.58 
points higher a: 7,303.46. Many ana- 
lysts had expected die Federal Reserve 
Board's policy-setting Open Market 
Committee to vote for a quarter-point 
increase in its target rate for overnight 
loans- to try to keep inflationary pres- 
sures at bay. . 

As measured by the consumer price 
index, inflation has been ru nning at 
modest annual rates of about 3 percent 
in recent months. But the economy grew 
at a 5.6 percent rate in the first quarter, 
well above the Fed’s target of about 2J25 
percent, and unemployment fell below 5 
percent last month for the first time 
since December 1973. 

.. ^ David Munro. chief U.S. economist at 

Jr High Frequency Economics in Valhalla. 
New York, said die committee was be- 
ing “fickle” after having voted March 
25to raise its target on federal funds, the 
rate com m ercial banks charge each oth- 
er on overnight loans, to 5.5 percent 
from 5.25 percent. At the time, the cen- 


Scandal at Japan’s Nomura Embroils Bank and Politicians 



No. 35.526 



2 Views of a Europe 
Striving to Compete 


Losing Edge 
On Business 


By Erik Ipsen 

International Herald Tribune 


Investigators raiding Dai-Ichi Kangyo Bank, Japan’s second-largest, in Tokyo on Tuesday to search for 
evidence that it had lent money to a racketeer implicated in a scandal at Nomura Securities. Page 13. 


U.S. Sets Sail for Subic Bay Again 

Philippines Weighing New Access to Counter China’s Ambitions 


By Michael Richardson 

International Herald Tribune 


tral bankers were concentrating on pre- 
i growth. 


dictions for strong economic _ 

‘ ‘They appear not to have had a very 
steady conviction, having made a very 
strong case in March for playing to die 
forecast,” Mr. Munro said. “It's hard to 


say that the forecasts or the underlying 

ignsof. 


full employment has shown any signs 
relaxing since then.” . 

The Fed’s inaction put pressure cm 
die dollar, which has been weakening 
recently, notably against the yen. One 


SINGAPORE — Five years after it 
re turned the giant Subic Bay base to the 
Philippines, the United States military is 
negotiating with Manila to use the port 
and its facilities more frequently to 
maintain a stronger naval presence in 
the South China Sea. 

Admiral Joseph Prueher, commander 
of U.S. forces in the Pacific, said Tues- 
day that the talks could lead to more use 
of Subic Bay. which U.S. forces were 
forced to leave in 1992 following a 
surge of Philippine nationalism. 

Since then, there have been only oc- 
casional port calls by U.S. warships. 

Analysts said that the readiness of the 


Philippine government to consider a 
new access arrangement for die U.S. 
Navy reflected anxieties in Manila 
about Beijing's ambitions to control the 
South China Sea and its conflicting 
claims with the Philippines and several 
other Southeast Asian countries to own- 
ership of the Spratly Islands. 

Last week, Philippine officials 
stressed the need to speed the country’s 
military modernization program fol- 
lowing two incidents last month in- 
volving reported incursions by armed 
Chinese vessels into areas claimed by 
Manila in the South China Sea. 

The Spratly s straddle the southern part 
of die sea, virtually all of which Beijing 
claims as part of its territorial waters, 
according to official -Chinese maps. 


President Fidel Ramos of the Phil- 
ippines warned in a recent speech in the 
United States that die Spratly s were 
“the litmus test of whether China — as 
a great power — intends to play by 
international rules or makes its own.” 

He said that Manila “must work out 
new ways of supporting the continued 
presence of the United States in the 
region and maintaining our bilateral al- 
liance under the Philippine-U.S. Mutual 
Defense Treaty.” 

Asked to comment on Mr. Ramos’s 
proposal. Admiral Prueher said that 
some Philippine officials had expressed 
interest in U.S. naval ships' using Subic 
Bay again, “not as a base but as a port” 


See SUBIC, Page 7 


See COMPETE, Page 6 


reason has been speculation -that the 
would raise h 


Bank of Japan would raise its own in- 
terest rates from their current extraor- 
dinarily low levels; The discount rate, at 
which commercial banks borrow from 
die central bank, is only 0 JO percent 
Mr. Munro said another reason for die 
dollar’s weakness against the yen was a 
deteriorating trade situation, with the 
U.S. deficit widening as Japan’s surplus 
grew. 

A longer-term influence; according 
to Mr. Monro's partner. Carl Weinberg, 
has been what he sees as government 
guidance to Japanese investors to put 
their money in overseas markets. Mr. 
^ Weinberg’s theory is that in April 1995. 
* the government encouraged foreign in- 
vestment to “restore the foreign-asset 


See RATE, Page 14 


The Dollar 


New Vortt 

DM 


Tuesday O 4 P M. 
1.6758 


prevtousetoaa 

1.7085 


Pound 


1.857 


1.6395 


Yen 


112.55 


115.75 


5.6435 


5.756 



+74.58 


7303.46 


7228.88 


S&P 500 


chanoe 


Tuesday 9 4 P.M. piwtouadose 


+8.39 


841.66 


833-27 


For Congo’s Middle Class, 
Struggle Is Far From Over 

Shattered Dreams and Poverty Darken the Future 


By Nicholas D. Kristof 

New York Times Service 


KISANGANI, Congo — Mauwa 
Funidi’s face softens and glows for a few 
moments as she recalls happier days as a 
brilliant student, as a new college graduate, 
as a member of a prospering family in a 
nation seemingly about to enjoy an endless 
economic boom. 

Then Mauwa snaps out of her reverie, . 
and she is back in the squalid university 
library where she works, unpaid except in 
promises, trying to protect faded magazines 
from the wind and rain that blow through 
the broken windows. She is back in a sordid 
reality where she survives by selling char- 
coal on the street, where her family lives in 
humiliation on the earnings of a cousin who 
sells her body at the Take-a-Peek bar. 

A solid, self-confident woman of 45. one 
of the most successful women of her gen- 
eration here in foe faded city of Kisangani 
on foe Congo River, Mauwa abruptly 
fought back tears. “If my grandfather were 
alive today, he would be very, sad,” she 
said, choking, her eyes wet and luminous. 
“He would regret that his* family turned out 
this way.” 


Now her countty.has a chance to remake 
itself with the rebellion of Laurent Kabila. 
But as Zaire, renamed Democratic Republic 
of foe Congo by Mr. Kabila as be came to 
power, looks forward to a new phase, many 
families are also looking back at 
squandered decades and wasted lives. 

Congo is a nation whose 47 million 
people in many ways live in grimmer con- 
ditions than when this was still a colony of 
Belgium four decades ago. In that respect, 
Congo is emblematic of a group of countries 
in Africa that have been disasters for their 
inhabitants. 

The tragedy is that this was so unne- 
cessary. The Congolese are among foe 
poorest people in foe world, with an average 
income of Just $150 a year, but paradox- 
ically Congo is about as rich in resources as 
any nation in the world, blessed with dia- 
monds, gold, copper and other minerals. For 
all foe hopelessness that Westerners often 
feel about Africa today, this was in the 
1950s a bustling nation that brimmed with 
optimism. 

To visit Congo and bounce along its 
horrific jungle roads today is to experience a 



fViwo t 

Victorious Kabila Enters Kinshasa 


See CONGO, Page 7 


A supporter of Laurent Kabila waiting along a road Tuesday for the rebel 
leads- to enter Congo’s capital. His convoy swept through mostly empty 
streets after well-wishers went home following a downpour. Page 7. 


In the Clouds Above Tokyo, Bloodlines 

Exclusive dub Revels in Its Crusade for Tradition 


Conquer All 


By Mary Jordan 

Washington Post Service 

TOKYO — You are the prime min- 
ister of Japan, you say? How nice, for 
vou bat you cannot join tins club, a 
movie star? How tacky. A billionaire 
businessman? Forget it. Mon^ cant 
buy you blood — not the correct blood, 

^^he correct bloodlines are everything 
at the Kasuffli Kaikan, Japan s most 
exclusive social club. There is no direct 
translation of its name, but Peers 
Club” or “Aristocracy Club is prob- 


ably closest: All 950 members are men, 
the eldest sons and grandsons of Japan ’s 


old nobility. 
VorlcH 


Newsstand Price* 


ar— 

Camercxxi--1-G0° CfA 

5,50 RSuntan 12J0PF 

. mm i_r_ an An □ 


Egypt- 


France- 

Gabon - 
Italy 


_.££ S.OU 

.10.00 FF Sairf Arabia— ia00 R. 
1‘ilOO CFA Senegal — .1.100 Cg 
,J2 $ 00 Lira Spain 225 PTAS 


^ISI" 7TOFHS Ujjjyg*bjlj° 



If World War II had not turned out the 
way it (fid, these men would have in- 
herited any number of aristocratic titles. 
Many would be living amid opulence 
■bH antiquity in grand homes filled with 
servants. But foe Americans ended all 
that, stripping foe nobihty of its land, 
wealth and status. When foe Americans 
occupied Japan, foe emperor renounced 
his divinity, and foe aristocrats went 

looking for paying jobs. 

The chib's director, Nagahide Kur- 
oda, whose father was chamberlain to 
Emperor Hirohito. said, “After foe war, 
my mother had to cook for foe first 

time.” „ . . ... 

The Kasumi Kaikan is foe nobles 

revenge. , 

It is a fantastic spread foal occupies 
foe entire 34th floor of a skyscraper 
overlo oking the capital’s government 

Here, a noble can still feel like one 
even if he now sells software for a 
living. He can smoke a good cigar and a 

- 1J , CfYltnh 


ing. Sometimes foe e m peror himself 
drops by. He can shoot pool amid an- 
riehl books, vases donated by emperors 
and other priceless treasures of Old Ja- 
pan. 

Virtually unknown to those outside 
the uppercrust, the chib has had a pro- 
found effect on preserving Japanese tra- 
dition and artifacts. Many club mem- 
bers view themselves as keepers of 
Japanese culture. For them, foe club is 
not about looking backwards and 
l a men ti ng a soft life lost Their mission 
is to preserve for future generations 
such ancient aits as composing waka. 
traditional 31-syllable poetry, or emon, 
the dying art of imperial court dress- 
ing- 

When Emperor Akihi to formally as- 
cended to foe throne in 1990, a team of 


ator of the Suntory Museum of Art here, 
who dropped by the club one night to 
watch an emon class. 

The chib regularly holds such classes 
in the traditional arts, including an in- 
cense smelling course in which students 
sit around along table and try to sniff out 
the difference between six basic types of 
incense. 

Members of foe Kasumi Kaikan have 


opened, or donated items to, more than 
100 mus 


museums, filling them with price- 
less samurai swords, rare scrolls, hand- 
painted screens, pearl lacquer boxes and 
other heirlooms unique to Japan. 

Of course, there are certain benefits to 
all this benevolence. Creating a non- 
profit museum to house your priceless 
art objects is a nice tax. shelter. It assures 
the aged club members that their chil- 
dren will not have to sell these last 



living, nc - e — - _ , 

sh> 12 -year-old single-malt Scotch 
whiskey with other men of similar bear- 


of foe royal family in foe elaborate robes 
used in the ceremony. They did the same 
when Crown Prince Naruhito married 
Princess Masako in 1993. 

“It is easy to pass on a painting or a 
kimono, but it is hard to pass on the 
process of making these things in the 
traditional way,” said Tetsuo Ito, cur- 


herited wealth. 

But members insist that foe clnb, 
originally founded in foe 19th century 
andanomted by the emperor, is not 
about personal wealth. The club also 
financ es social welfare projects, librar- 
ies and international student excl 


: exchanges. 
See CLUB, Page 7 


AGENDA 


Taleban Benefits 
In Warlords’ Feud 


Buoyed by a major rebellion in 
the north against an opposition war- 
lord, foe Islamic Taleban militia 
continued an offensive Tuesday 
that has given the fundamentalists a 
new chance to defeat its opponents 
and impose its rule throughout Af- 
ghanistan. 

The warlord. General Abdul 
Rashid Dustum, is facing a chal- 
lenge from a mutinous general, Ab- 
dul Malik, who began an uprising in 
die north Monday, apparently in 
collusion with foe Taleban. 

The Taleban forces, who 
tured Kabul in September, 
control aD but a few northern 
provinces. Page 4. 


Books.. 

Crossword 

Opinion 

Sports 


Page 11. 

,.m Page3. 
— Pages 10-11. 
Pages 20-21. 


Thalntarmarket 


Page*. 


The IHT on-line http^/wwv;. iht.com 


Bad Grades 
On Job Front 


By Alan Friedman 

IiifcrKJtiunal Herald Tribune 


LONDON — Europe continues to 
lose ground against its commercial 
rivals in North America and Asia be- 
cause it suffers from a “chronic crisis of 
declining competitiveness,” a report re- 
leased Wednesday said. 

In its annual Global Competitiveness 
Report, foe Switzerland-based World 
Economic Forum said that the Contin- 
ental EU countries still possessed “out- 
standing” technology, management and 
infrastructure. But those advantages 
were overwhelmed by the region’s in- 
flexible labor-market policies, excess- 
ive fiscal deficits and a costly legacy of 
generous social-welfare programs. 

The study, which was reformulated 
last year to emphasize foe conclusions 
of professional economists over those of 
business executives, is closely watched 
because many business and government 
leaders see it as a report card on their 
success in making their economies lean- 
er, meaner and more prepared for 
growth. 

Singapore again ranked first in com- 
petitiveness among the 53 economies, 
followed by Hong Kong, and the United 
States, which moved to third place from 
fourth, making it the leader among 
large, developed economies. 

The Continental countries slipped 
further in foe rankings. 

European countries fell to 27 th place 
this year from 25fo place in 1996. The 
Netherlands led in terms of upward mo- 
bility. rising to 12 from 17 because of 
much improved ratings for factors as die' 
openness of its economy and the quality 
of its corporate managers. Meanwhile. 
Europe’s powerhouse economy, Ger- 
many, slipped from 22d to 25th this 
year. 

Europe's biggest gainer was Britain, 


PARIS — Several European govern- 
ments will get failing grades Monday in 
a report card on unemployment that 
sharply criticizes countries that have 
failed to introduce labor market reforms 
needed to create jobs. 

With the publication of the report by 
foe Organization for Economic Cooper- 
ation and Development — and against a 
backdrop of near-record unemployment 
in France. Germany. Italy and Spain — 
the organization is thus taking a more 
activist stance in telling governments 
they must be more decisive in com- 
bating Europe’s persisting jobs crisis. 

The report, to be presented to min- 
isters attending the annual meeting here 
of foe 29-member OECD, singles out 
for praise foe Netherlands. Ireland. New 
Zealand and Britain. Those countries, 
the report says, have done foe most .in 
recent years to reduce unemployment 
by making structural reforms. 

Donald Johnston, secretary-general of 
the OECD, said in an interview Tuesday 
that foe only way to make certain that the 
benefits of globalization were attained 
was “to ensure as strong job creation as 
possible, and that means making sure our 
recommendations are followed.” 

The 35-page report, Mr. Johnston ex- 
plained. “is essentially saying that we 
should let the markets work, and that 
includes foe labor market.” 

David Aaron, U.S. delegate to the 
OECD, said Tuesday that the assess- 
ment was a progress report on recom- 
mendations contained in a 1994 report 
on unemployment that was endorsed by 
all member nations. That report recom- 
mended making labor markets more 
flexible, reducing employer nonwage 
contributions, reforming welfare and 
unemployment benefit systems and eas- 
ing laws on hiring and firing. 

“The new report shows that those 
countries which haven’t done what they 
agreed to are going backwards,” said 
Mr. Aaron, who is expected to be named 
soon by President Bill Clinton as un- 
dersecretary of commerce for interna- 
tional trade. 

One passage from foe new report 
explicitly refers to “deteriorating con- 
ditions” in those countries that have not 


See JOBS, Page 6 


EU Watchdog 
Keeps Eye on 
2 High-Stakes 
Air Deals 


By Tom Buerkle 

International Herald Tribune 


BRUSSELS — For anyone wl 
travels by air, these are revolutions 
times. 

The business of flight is creatii 
global behemoths: manufacturing a] 
ances to build foe aircraft, and arrfii 
alliances to get you from Boston : 
Bombay seamlessly. 

But while many industry officials ar 
analysts regard the trends as the ine’ 
i table and welcome result of econom 
globalization, two groundbreaking dea 
have attracted foe intense interest i 
Europe's antitrust chief, Karel vf 
Miert 

One is the proposed alliance be twee 
British Airways and American Airline 
The second is the Boeing Co.’s planne 
acquisition of McDonnell Dough 
Corp., a deal that confirms the (ran 
formation of the aircraft industry into 
two-contestant race between tl 
Seattle-based American aerospace giai 
and Europe's Airbus Industrie. 

By effectively threatening to bloc 
both deals unless they are substantial] 
modified, Mr. van Mien may be wrifir 
foe rules for global aviation competi tic 
for years to come, and putting Europe c 
a collision course for a trade war wii 
Washington. 

“Obviously, the whole flurry of pul 
iicity is symptomatic that this isn’t yoi 
run of the mill merger," an America 
lawyer involved in the Boeing case sail 

4 ft’s about the commercial comp 
tition not between Boeing and Airbus, bi 
between the United States and foe Eurt 
pesn Union," said foe lawyer, who spol 
on condition of anonymity. These are m 
just companies. These are industries.” 

While, the huge economic stakes a 
most guaranteed controverey, Mr. va 
Miert’s highly public style has rrrfi«m ? 
passions on both sides of the Atlanti 
He has attacked key aspects of boi 
deals in public before his merger tas 
torce has reached conclusions or eve 
held hearings, leaving hima»lf , 

charges of bias and attempting to ] 
Europe’s aerospace industry. ' 


See DEALS, Page 6 





INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MAY 2L, 1997 

PAGE TWO 


Serious Overcrowding / Then, There's the Political TWist 

A Time of Crisis for Hong Kong Schools 


By Keith B. Richburg 

Washington Post Service 




mm 


H ongkong— T o 

get a sense of the 
education crisis fa- 
cing die future gov- 
ernment of tins prosperous but 
congested colony, stand at 
lunchtime in the hallway of a 
six-story purple school build- 
ing on the western edge of 
Hong Kong island. Stand and 
watch 1,800 children in 
matching white uniforms 
moving in every direction in a 
kind of controlled, cacophon- 
ous mayhem. 

This primary school, like 
680 others around the terri- 
tory, is officially designated 
as “bi -sessional.” 

In practice, that means the 
schoolhouse operates as two 
schools in one building, with 
abOLlI 900 Students attending 
classes from morning until 
half-past noon, and another 
900 from 1 P.M. until even- 
ing. 

There are two principals 
and two sets of teachers. Stu- 
dents have only five hours of 
classroom time, very little 
space for things like physical 
education and neither lockers 

nor hot meals. 

As Hong Kong prepares for 
a historic transition July 1 
ending more than 150 years of British rule, the 
incoming Chinese administration is facing a range 
of leftover problems in such areas as housing, 
welfare and toe environment. But perhaps no area is 
more in need of immediate attention than Hong 
Kong's overburdened, highly regulated education 
system. 

T OPPING toe schools* agenda is serious 
overcrowding, which is likely to increase 
with toe expected influx of thousands of 
immigrant children from China. Beyond 
that immediate crisis, some of toe transition’s most 
emotional issues are being played out in toe ter- 
ritory's classrooms: How should teachers deal with 
sensitive topics of Chinese history, such as toe 
Cultural Revolution of 1966-76 and the 1989 mas- 
sacre near Tiananmen Square? What should be 
taught about politics and democracy when the new 
government is talking about rolling back electoral 
reforms? 

And there is another, extremely sensitive con- 
cern: Which language, English or Cantonese, 
should be used for teaching? 

Tung Chee-hwa, the man chose by China to run 
Hong Kong beginning July 1, has made reform of its 
struggling education system one of his top pri- 
orities. Mr. Tung has appointed Antony Leung, a 
managing director of Chase Manhattan Bank, as a 
member of his executive council with special re- 
sponsibility for education. 

Mr. Leung is now holding a two-month series of 
public sessions — meeting with teachers, parents, 
principals, politicians and business groups — aimed 



Shatin Tsung Tsin Secondary School, like 680 other schools in the colony, 
has two sessions a day and two sets of teachers. The students have only 
five hours of classes, little space, no lockers and no hot meals. 


at helping Mr. Tung formulate a comprehensive 
education policy to take Hong Kong into toe next 
century. 

The first job. Mr. Leung said, is to upgrade 
facilities, and that means building more schools and 
spending more money, which wealthy Hong Kong, 
with $46 billion in reserves, has in plentiful supply. 
Hong Kong now spends less than 3 percent or its 
gross national product on education, compared with 
5 percent in most developed countries. 

“We must put more resources into basic edu- 
cation." Mr. Leung said "A half-day school is just 
not acceptable." With crowded, half-day schools, 
students have little time to speak with their teachers, 
and during their off-hours some often end up 
hanging out in video game parlors or getting into 
trouble with street gangs. 

If Mr. Leung speaks with a tone of urgency, it is 
because the overcrowding problem is likely to 
increase sharply after toe handover. There are 
932.165 students in Hong Kong. But just across the 
border in southern China are an estimated 1 30,000 
children bom to Hong Kong fathers. All those 
children will have toe right to move here and enter 
local schools after July 1. 

Another difficult issue facing toe new govern- 
ment will be how to imbue students with a new 
sense of Chinese nationalism and patriotism, par- 
ticularly in a society made up largely of refugees 
from Chinese communism who remain skeptical of 
the incoming sovereign power. 

At the Sheng King Hui Primary School, toe 
principal, William Lee, shows visitors a box con- 
taining toe latest educational aids from toe gov- 


ernment education depart- 
ment. 

The teaching kit is called 
"Know More About 
C hina, " and it includes a 
fold-out, three-dimensional 
map of China, a jigsaw 
puzzle that forms the new 
seal of what will be the 
Hong Kong Special Admin- 
istrative Region and useful 
tips about Hong Kong's 
coming administration. The 
school has sponsored an es- 
say competition to encour- 
age students to learn more 
about toe handover. 

In the past, under a school 
system largely patterned on 
the British model, very little 
attention was paid to pol- 
itics or civics, and geo- 
graphy and history courses 
were Largely devoted to 
teaching young people 
about Europe, not China. 

The government even has 
a law cm the books that al- 
lows toe governor here to 
control “toe dissemination 
of information, or expres- 
sion of opinion, of a clearly 
biased political nature in 
schools. 

That law was rarely used, 
because schools, and stu- 

dents; remained largely 

apolitical. Hong Kong's 
democrats are now Dying to 
repeal it before the Chinese take control. 

' ‘Nothing is going to change for me," said Lisa 
Yip, principal of Shatin Tsung Tsin High School 
1 Tm not going to hang the national flag or have toe 
students smg toe national anthem every day." 

In the past, this school’s teachers and admin- 
istrators seem to have come close to the limits of 
what the future government might consider 
"biased" political information in classrooms. 

A few weeks ago, for example. Miss Yip ordered 
her school's teachers of Chinese history to take 140 
students mi a field trip to a local movie theater. They 
went to see "The Gate of Heavenly Peace," a 
documentary film on the June 4, 1 989, massacre by 
Chinese soldiers of hundreds, if not thousands, of 
students rallying for democracy in Beijing. 


Jesmj Mealfi !-■" 


H! 


UGO CHEUNG, the Chinese history 
teacher who accompanied the students, 
said he thought seeing toe film was good 
.for his class because “it showed them 
some of toe facts they didn’t know already." 

But he also knows that after July, an outing to see 
a controversial film, or broaching sensitive topics 
such as Taiwanese democracy, may mark him as a 
subversive in the classroom. 

"Avoid sensitive issues like June 4; that is what 
we have been asked to do," Mr. Cheung said. 
"We've been advised to scurry around these is- 
sues.” 

- Beginning in July, he said, “I will be more and 
more careful in talking about these kinds of events. 
Some history teachers say they will just slide over it, 
just skip it" 


Palestinian Parliaments 
How Jamming Stopped 

The Main Suspect Was Close toHome 


By Barton Gellman 

Washington Post Service 


TRAVEL UPDATE 


Pilots 9 Strike Cuts French Flights 

PARIS (Reuters) — Pilots at Air France and its short-haul 
division. Air France Europe; began a four-day strike Tuesday, 
causing widespread disruption on European and domestic 
flights. 

An airline spokesman said that 60 percent of short-haul 
flights from Charles de Gaulle International Airport to des- 
tinations in France and elsewhere in Europe were canceled. At 
Orly, the other airport that serves Paris, two-thirds of domestic 
and international short-haul flights were canceled.- Longer 
international flights were not affected, the spokesman said. 


German Passport Holders 
heading for Singapore in 
May. 50% off at the 

i 

stylish boutique hotel in 
Orchard Road, Singapore. 




tty For Reservations *S- 

Fax : ( 6 S> 732 3866 


qfFar East Organ iz ation 


E-gail : efiabptgpmfimcug 


Have you been to 


THE INTERMARKET 


today? 


flnn’l miss i L A lot happens there. 


The state railroad company, SNCF, said traffic had returned 
to near normal after a six-day strike by conductors. Disruption 
was limited to some inter-regional lines. About one in three 
trains were canceled on most main lines from Wednesday to 
Sunday in toe dispute over staffing levels and bonuses. 

U.S. Beach Data Put on the Web 

WASHINGTON (AP) — The National Oceanographic 
Data Center is posting average water temperatures for beaches 
on the coasts of toe United States. The data can be found on the 
Web at wwwjQodonoaa.gov/NODC-WNew/wtg.shtml. 

Average water temperatures are given for beaches along the 
Atlantic Coast from Eastport, Maine, to Key West, Florida; 
along the Gulf Coast from Key West to South Padre Island 
Texas, and along the Pacific Coast from Seattle to Seri pips 
Pier, California. Data for Puerto Rico, Bermuda and parts of 
Mexico are also included 

In Hong Kong, Rooms for July 1 

HONG KONG (Reuters) — There are plenty of rooms in 
Hong Kong for travelers who want to witness toe territory’s 
reversion to Chinese rule, hoteliers said Tuesday, despite 
predictions that all hotel rooms would be reserved months in 
advance. 

The Hong Kong Hotels Association lists 7,000 hotel rooms 
that are still available for dates around July 1 , including many 
at “the low end of the price range." 

The District of Columbia Is putting an additional 500 
police officers on the streets of the U.S. capital as toe summer 
tourist season begins. A portion of those will come from 
moving two-thirds of the homicide detectives from headquar- 
ters in central Washington to local stations. (AP) 

Slovenian rail workers started a 10-day strike Tuesday 
to press for higher salaries and holiday pay, leaving cargo 
transport crippled in toe west of the country but passenger 
service unaffected a spokesman for state-owned railroad 
said (Reuters) 

Oman plans to build a new airport and seaport on the 
Gulf of Oman. Communications Minister Salem Abdallah 
Ghazaii said He gave no timetable for construction of the 
facilities for Sohar, 200 kilometers north of Muscat (AFP) 


EU and Britain Open Talks 
On a Major Fisheries Issue 

Reuters 

BRUSSELS — The European Com- 
mission and Britain were starting talks 
Tuesday to tighten rules on ‘ ‘quota hop- 
ping" fishing vessels, said Jack Cun- 
ningham, the British agriculture and 
fisheries minister. He saidBritain hoped 
for a protocol at toe intergovernmental 
conference in Amsterdam in June. 

Quota bopping is fishing by those 
who have legal, flag-of-convenience op- 
erations abroad More than 25 percent of 
tihe British quota is taken this way. 


RAMALLAH, Israeli-Occupied 
West Bank — Not long after they started 
televising live debates from die Pal- 
estinian Legislative Council, engineers 
at toe low-power UHF station here no- 
ticed a curious glitch. A neat black rect- 
angle. just big enough to fill the screen, 
was stepping aD over their signal. 

It was toe latest of many indignities 
for the fledgling Parliament, whose 88 
members were elected with Yasser Ara- 
fat in January 1996, but never had a 
chance to compete for power. 

Mr. Arafat squelched a basic law di- 
viding responsibilities between the two 
elected brandies of government, kept ail 
HpH«nnrre on money in his own bands, 
and acknowledged no right of toe law- 
makers to share control of the machinery 
of toe would-be Palestinian state. In toe 
media he controls, he made toe leg- 
islature’s activities nearly invisible. 

It did not take long for the engineers 
at A1 Quds Educational Television to 
come up with a suspect in the ja mmin g 
of their broadcasts. The official Pal- 
estinian Broadcasting Company, as it 
happened, had its main antenna across 
the street. And like the West Bank’s 
self-censored newspapers, seldom car- 
ried a word from toe legislature except 
Mr. Arafat’s occasional speeches. 

Nabil Amer, toe Arafai-appointed 
Palestinian Broadcasting supervisor 
and a member of the legislature, was so 
incensed that he insisted on escorting a 
team from A1 Quds TV to inspect toe 
PBC control room on the spot 

"He said, ‘It’s not coming from us 
and PD prove it to you,' and we both 
went to toe transmitter across the street" 
said Daoud Kuttab, director of the in- 
dependent station. "Some of his people 
tried to prevent us from.coming in." 

Both men saw why. There on a PBC 
monitor, transmitting at high power on 
UHF 38 — the frequency of Mr. 
Daoud’s station — was toe familiar 
black rectangle. 

“Afterward he tried to say, ‘Don’t 
remember what you saw, and don't tell 
anybody what you saw here. You should 
not be here in toe first place,’ ” Mr. 
Kuttab said. 

Mr. Amer did not return telephone 
calls today. But he went back and told 
fellow legislators, according to some of 
them interviewed, that the inspection 
had proved that toe Palestinian Broad- 
casting Company was not involved. 

“T hey were cutting the broadcast be- 
cause the authority is against criticism, 
and they are trying to separa te the council 
from the people.” said Hussam Khader, 
a maverick legislator from Nablus. 

But Mr. Khader, like every other Pal- 
estinian interviewed on toe record, 
stopped short of blaming Mr. Arafat He 
said there were plenty of "volunteers" 
eager to demonstrate their zeal, and 
"it's easier to change toe channel than 
to ask the president.” 

It was Edward Abington, the U.S. 
consul general in Jerusalem, who said 
what many Palestinians said in private: 
“Arafat must have been uncomfortable 
with what people were saying there.” 

“It’s really remarkable," he said. 

Mr. Abington took more than or- 
dinary interest because toe U.S. Agency 
for International Development had 
helped start toe broadcasts with a 
$25,000 pilot grant. Ahmed Korei, 
speaker of the Legislative Council, 
began asking U.S. diplomats for help in 
restoring toe broadcasts. 


Mr. Kuttab. a veteran Palestinian 
journalist, meanwhile began distribut- 
ing cassettes of the debates to similar 
independent stations in the West Bank. 
There is no independent station in toe 
Gaza Strip, 

To everyone's astonishment, the un- 
cut four-hour broadcasts — full of long- 
winded (Egressions — became a huge 
hit. The legislature, for all its detours, 
was toe only place Palestinians could 
hear frank debates about the sale of 
rotten flour in ministry-approved stores 
and critiques of Mr. Arafat's approach 
to toe talks with Israel. 

* 'This is no democracy,' 1 said Haider 
Abdel Shafi. an elder statesman in toe 
legislature and the biggest vote-getter in 
last year's election. ‘This is a violation 
of the freedom of information, the free- 
dom of propagating knowledge, and I 
condemn such an act" 

But this one turned out, or so iti 
seemed Tuesday, as a rare victory ol r 
dissent over authority here. Incapable of 
jamming all toe local television stations, 
and perhaps embarrassed to act more 
bluntly, toe self-rule authority let the 
local broadcasts go on. 

And when toe Parliament met again 
Tuesday, the j ammin g had ceased as 
wordlessly as it began. 

■ Netanyahu Rejects ILS. Survey 

Prime Minister Benjamin Netanyahu 
on Tuesday rejected a U.S. government 
survey that found that a quarter of 
homes in Jewish settlements in toe West 
Bank and Gaia Strip are vacant. The 
Associated Press reported. 

Despite U.S. criticism, Mr. Netan- 
yahu insists he will continue to expand 
toe settlements. 

The Ha’aretz newspaper said toe sur- 
vey was raised by U.S. officials during 
toe recent visit of Dennis Ross, the 
special U.S. envoy, to rebut Israeli ar- 
guments that new settlement building is 
needed to accommodate growth. 

Mr. Netanyahu said Tuesday that the 
report was “false by an order of mag- 
nitude, to put it mildly." Earlier he had i 
called it "inconceivable that we won’t 
continue building in the settlements." 


Mayor of Bethlehem 
Quits After 25 Years 

The Associated Press 

JERUSALEM — The mayor of Beth- 
lehem, Elias Freij, is resigning after 25 
years in office to spend more time with 
his family and to write his memoirs, he 
said Tuesday. 

“I am 80 years old," Mr. Rneij said in 
a telephone interview. “It is time I take 
care of myself and ray grandchildren.” 

He also resigned his post as tourism 
minister in toe Palestinian Authority. 

Palestinian municipal election are ex- 
pected to be held in late summer. Yasser 
Arafat has not named a replacement to 
serve until then. 

A Greek Orthodox Christian, Mr. 
Freij emerged into the world limelight as 
host of an annual Christmas Eve party 
outside toe Church of the Nativity in 
December 1995, be presided over the 
first Christinas in the city under Pal- 
estinian rule. Over the years, his mod- 
erate views brought him in conflict with 
both toe Palestine Liberation Organi- 
zation and Israel. He was one of toe few 
Palestinians to meet openly with Israeli 
officials when others feared such meet- : ~ ’ 
ings would brand them as collaborators. 


WEATHER 


Europe 



THG 


wwwJicrtelgnide.com. 
book directly - save money worldwide 

THG - The Hoed Guide AG. Switzerland 
Fase + 41 41 3790929 E-nufc d*g 8 hola|fuM&di 





tsaiy — 

Mtfi LowW 

Tonaim 
High LowW 


OF 

OF 

OF 

OF 


22/71 

1365 pc 

23/73 1467 pc 

Ammsdrnn 

18 ® 

1050 r 

17782 

5/41 PC 

Mans 

25177 

7/44 S 

28*2 1060 pc 

Asians 

28*2 21/70 a 

29 ® 1966 s 

Boicetona 

21/70 

14 ffi 7 c 

18 ® 

1365 c 

SsaEP®rto 

29 ® 

1368 pc 

27 ® 1060 pc 

Bnfn 

17 ® 

9/48 r 

14/57 

7/44 sh 

Bnisseb 

16*1 

1090 r 

18*1 

7/44 «n 

Budape* 

24/75 

1365 pc 

22/71 

9/48 pc 

CopwAuoan 

11 ® 

8/43 r 

11 ® 

2/35 C 

Costa DM Sd 24/75 

1365 PC 

28/79 1061 a 

DuMn 

1365 

AMfir 

1365 

WO PC 

Edinburgh 

1365 

205 pc 

11 ® 

1 ® C 

Ftorarce 

24/75 

11 ® pc 

as m 

11 ® a 

FHrssrHiun 

20*8 

9 MBr 

18 ® 

7/44 ril 

Geneva 

18*1 

9/48 ah 

17 ® 

7 M 4 ah 


awe 

- 3/27 pc 



tewnbiil 

Z 7 ® 

18 ® a 

29*4 

18184 s 

lOm 

21/70 

1467 di 

21/70 12 ® ah 

LesPefeiras 

23 ® 

17 ® pc 



Lisbon 

18*4 

12/53 pc 

21/70 1*67 c 

London 

18 ® 

11 ® i 

16 ® 

8 / 48*1 

Means! 

21/70 

1060 pc 

28/79 11 ® pc 

MaMco 

18*6 

1861 o 


Wan 

23/73 

11 ® pc 

24/75 

11 ® pc 

fcJoaawi 

1263 

8/43 pc 

13*5 1368 r 

Italics! 

10*8 

a«ee 

16*1 

7 M 4 ril 

Mca 

21/70 

1263 PC 

21/70 

1366 pc 

Onto 

1365 

205 PC 

11 ® 

2/35 Bh 

Pens 

18*1 

ftXflr 


7/44 sh 

Piatjua 

19*6 

BMC pc 

1569 

7/44 r 

EnAJM* 

SAW 

409 e 

BMB 

408 = 


11 ® 

B /48 oh 

11 ® 

0/43 r 


21/70 

ff®C 

22/71 

11 ® a 


9/48 

307 pc 

9/48 

7144 r 

Suxttiofen 

1060 

- 1/31 pC 

1060 

- 2/29 0 

StratixMg 

18 ® 

9/48 on 

17 ® 

SMBril 

Tea™ 

BMB 

-scope 



Tbta. 

25/77 

14457 r 

24/79 

18*1 > 

Venice 

24/75 

1365 pc 

23/73 

1263 pc 


71/70 

1263 pc 



Warsaw 

21/70 

9/481 

17 ® 

7 / 44 * 

Zuncn 

18*1 

6/48 c 

18*1 

7 / 44 * 

Middle East 

Abuonobf 

33*1 

19/88 B 

37 ® 21/70 a 

8 SJU 

21/70 

1467 pc 

22 m 

18*1 ■ 

Cara 

31 ® 

14 / 57 * 

33 WT 

18*1 s 


•asm 

8 / 48 B 

28 ® 

1060 * 

Jemsaloni 

22/71 

BZ 48 a 

OW 79 

1060 a 


Forecast for TTmrsday through Saturday, as provided by AccuWeather. Asia 



North America Europe Asia 

Becoming wanner in the Cool across Scandinavia Showers may dampen 
Great Lakes and Midwest and the northern tier of Tokyo Thursday, then 
through Friday; stray thun- Europe into this weekend, same sun with a gradual 
dereJoons may sited these Showers wfll dampen War- warming trend through Sat- 
aieas Friday and Saturday, saw to Betfin through Sat- urday. On the other hand 
Dry and cool In much ol urday. while showers in Manchuria wd be cod and 
the East Thursday, then Paris, London and Amster- unsettled. Showery and 
becoming more season- dam Thursday w 8 l yretd lo turning cooler in Seoul, 
able Into Saturday. The drier weather by Saturday. Mainly dry and anmwgbig 
Rockies and much ot the Madrid and Rome wlil be m Be*ng. Humid in Hong 
Plains wil be rather warm, rather warm with at least Kong end Singapore with a 
some sunshine. -stray thundershower. 


Today 

Hgh LowW 
OF OF 
28/79 1263 pc 
32 ® 21 / 70 /JC 
3 Z® 24/76 Btr 
28*2 16*1 s 
SOm 23/73 a 
38/100 25/77 s 
32 ® 23/73 Sh 
29 ® 23/73 pc 
32 ® 28 /TOr 
33*1 26/79 ah 
29 B 4 24/75 r 
38/100 2 QB 8 S 
31 ® 23/73 pc 
3 M 7 2 S /77 a 
33/91 23/73 pc 
33*1 25/77 oc 
33*1 23/73 c 
* 3/109 34/73 ■ 
33*1 23/73 a 
32 ® 24/73 ah 
31 ® 24/75 *Zl 
17 ® 8/46 all 

22/71 1365 s 
33*1 28/79 PC 
24/75 17 ® pc 
19 ® 14/57 pc 
31 ® 24/75 r 


To 

Wgh LowW 

OF OF 
28/79 14/57 pc 
32 ® 21/70 pc 
31 ® 24 /TSi 
atrae iam pc 
31 ® 24/75 f 
37 ® 25/77 a 
32*8 22/71 r 
29*4 23/73 pc 
32/89 28/19 I 
33*1 25/77 r 
31 ® 25/77 r 
38/102 22/71 a 
31 ® 23/73 pc 
36*7 24/75 s 
33*1 22/71 s 
32 ® 28/79 pc 
32 ® 23/73 r 
43/100 26/79 9 
33*1 24/75 pc 
31 ® 34/73 r 
31 ® 24/75 r 
21/70 9/48 pc 
22/71 14/57 pc 
33*1 26/79 pc 
23/73 19 ® ct) 
19 ® 1365 pc 
32 ® 26/79 r 


Africa 


North America 


Mpe* 
Cana Town 
Casabtanca 


40/104 18*1 a 40/104 17 ® a 
38/100 28/79 pc 37 ® 25/77 a 


Ffcyatfi 


Danver 

Oerrat 

HonoUu 

Loo Angofaa 

S5E.HCO. 


H|Ji 0d TowW 

OP OP 
14/57 7/44 an 
27 ® 1263 a 
18*4 8/48 pc 

17 ® 4*9 a 

28/79 1 BA 4 0 
24/75 10150 pc 
1661 4/39 S 

28 ® 21/70 a 
28 ® 1 BWI 
23/73 12/53 pc 
31 ® 24/75 1 


High LowW 
OF OF 
17 ® B/ 46 C 
24/75 1467 a 
1864 B/ 4 G pc 
IB® 1050 PC 
28/79 17 ® I 
23/73 8/481 
1864 9/48 pc 
SOBS 22/71 pc 
2 B® 18 / 84 1 
24/75 12/53 pc 
30 ® 23/73 pc 




New Vah 
Orlando 

Phoonbi 
San Finn. 


Toronto 

Vancouver 

Wn a/vnpton 


Today 

Mgh LowW 
OF OF 
1762 6 B 

B /46 2/35 r 

31 ® 23/73 pc 
19 ® 9/46 pc 

32 ® 20 ® 1 
34*3 29® B 

19 ® 1060 pc 
IS® 9/46 ah 
8/46 164 * 

16*4 S /48 pc 

2069 OUSs 


Tq^ 

Hhpi LowW 
OP OF 
22/71 11® ah 
13/55 307 a 
31® 23ri3 pc 
18*4 1060 pc 
29*4 18*4 pc 
32® 1-3® b 
20*8 12/53 pc 
>fl® 1060 an 
1 S *9 4/39 a 
18*1 QMS s/i 
20® li® pc 


Lagos 

Nairobi 

Tirta 


22/71 11® pc 
1BB4 8/46 pc 
21/70 12/531 
32® 1263 a 
30® 22/71 pc 
»/*» 1366 pc 
29® 18*1 pc 


24/75 1263 pc 
14/57 7144 pc 

21/70 1467 a 
33*1 12 / 53 e 
29 ® 23 / 73 r V 
27 ® 1365 a fft 
26/79 1467 pc •• 


Latin America 


BuenosA/nss i£*l 7/44 ah 
Caraow 31 ® 25 m pc 
Ll>™ 24/75 17 ® s 

MWcoOty 25/77 11 ® pc 
RiadeJaiMiD 24/75 iom pc 
“ -TOO pc 


1060 -2/29 pc 
31*8 25/77 pc 
24/75 18*4 1 
24/75 12® pc 
24/75 20® pc 
11® 1/34 a 


Oceania 


c-doudy. Bh-mowas. l-fflundareiDimtL r-nun. sf-snow nuiriea. 

AH rnepo, taracee to and data preeidod by Accu W ooth si -, Inc. e 1997 £*5?** 

Sydney 


17® 13® c 
>7® 13/55 pc 


17® 1467 c 
17® 1366 r 


A two-month trial 
subscription. 
Save up to 60% 

Try a special, low cost 2’month trial subscription to the 
International Herald Tribune to enjoy delivery to your 
home or office every morning AND save up to 60% off 
the newsstand price. 


COUNTRY, -CURRENCY 


2 MONTHS 
NEWSSTAND 
PRICE 


2 MONTHS 
OFFER 
PRICE 


DISCOUNT 

OFF 

COVER PRICE ; 


AUSTRIA ATS I 4 5* 030 S3' . 

BELGIUM LUXEMB. BEF 3.3S0 1 350 60% 

DENMARK DKK 7S0 360 S4\, 

FINLAND FIM 624 3 ! 0 50' ,. 

FRANCE FE 5 20 210 ; 60% 

GERMANY DEM 1 32 . 72 60' -. 

GREAT BRITAIN C 47 22 53% 

HONGKONG HKS 676 284 57% 

ITALY ETL 145,600 S3. 000 60 J . 

JAPAN ¥ 26.000 12.150 53-', 

MALAYSIA RM !S2 101 44 7, 

NETHERLANDS NLG 195 73 60'L 

NORWAY NOK 332 390 53’. 

SINGAPORE SS : 146 : 82 43' n 

SPAIN PTAS 1 1.700 • 5.000 57 : , 

SWEDEN SEK S32 . 350 3S' , 

SWITZERLAND CHf 1 66 • 66 60 - 

USA S_. .... L 3 .3 , SB _ 

FOR OTHER COUNTRIES. FEEA SE CON TACT YQUR NSARtS T IHJ_OFFICE 


J Xm, / would See to sfcr# rooehringtha Inttmatianal Herald Tribune. 

I □ Aty checks endued (payable to the WT) 

I Charge my: □ Ament □ Omen □ VISA □ Access G MaxtorCcsd □ Eurooord 
I For tsriJS and Asian prices, owfit eonfa wS bo charged in French Francs al currant rain. 


Country. 

Home Id No:. 


Business Tof No: . 


E-Mod Address-. 


GsdNaL 


Bcp. Ode:. 


Signature: — ■ 

For business orders, int&ato your VAT Na. 


pHT VAT hkwber H0U732021 126) 


' Mr/Mts/M* Family Norms. 
| First Nang ■ — 

| Motng Address: 

| Cay/Cedec. 


_ Job Tide:. 


JgotteoowfftfH.HTof- Dbosk Oho*d 

O I da naf wrsh to raas-ira infgrrnatitwi from alher coraMy screened con^xmies 
Mai or fan to: btemahenal Herald *ibun» 

181 Am 
Fax. 

THE AMERICAS 

fftaswttr 

w jtesahaffneft*iss#iss i ai*w 


21-5-97 


OWor •«« far new swbsqrfcera onfy. HAZMJ 


Imprimf par Offprint. 73 ruedefEvangile. 75018 Pais. 






2 ? St °w 5 

?r as Uose toff 
~ Vr .. rotf °me 

•..^‘.Aw.ah a v 

i*ri • *** 

S3 

& W Me ^5 

•». rr.^ion^C^ofhJ 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MAY 21, 1997 


PAGES 


g. . ;._ > -‘- n an act.- O0 *. and ] 
lUmed OUt. rv 

- Vi " •*«- ’-^"Parlian-T,. _ 


- -hi Pariiameni 

*. Jajmng h ad 5ft 

■aj i. began. * 


-•-•-e-.y^i: began' 

' ^ J '“-', ahu Re J«^ l.S. Sim,, 

- rr< - N!:!a ‘%^W n N«Wi 


MiftUli. . 

;^-i-^i 7 c" -^ wnyafo 

v.-2-nfcSLi .¥».<( 


•-^£&3* ,aiL * 

'■ '■■ ^ S Mr - Nc* 

•*■ ■ .CTiJ'rillr* 



— * VI uicjf. 

- --.- ^rhtrheha, 
. . - - thaj v%e wra': 

. !•- : ::: :re ^.Vmenis.'- 


ilk 


P* 

KT 

Ad- 


Mavor of Bethlehem 
Quits After 25 Years 


Wfc. 


' V : V — T-;-a>crotBa4- 
: _• ■. > :e-:zn;n£ 

.■■■„■■ -rvr.j nvice tna is 
:: .'.::: e h:> rr.en.n:: 




**i 

He 


„ r-_' 


MS- 

mA 

it; 

S*t 


SC,’:-; 

W 

vr.'v: 


’ .J." Mr. Freijsii 

•• .- . . _*’.v . * ■ it is r*msltii 

. -; • .-.:.l r:\. 

.- -— • -■ ; v .-.:> tv?! ii? fauna 
.-. :r: .AcSoriiy. 

- ••• • : _;■ . . : r :.vaon are a- 
■>- ■_ a': * •iurr~.ir.Yisw 

V ■ r ; rnjKinal to 


J*r--c 

hiv; 


■>: 


m 

** 


l «T\, 
iifi- 


- =. ' Jr;-, \-:.u CI-J 3 WB. Mr 
- 7,. - e-c j. r.-:J limelight* 
‘l 1 ’?!.' . ; Cr~.< r'-i* E'iP an l 
c - -j*- Naivini 

■ v . X OVJ E 

v:^.' -5 lakrH 


7 . •._ __ rus nMl 


•nil 


••* 

*L" 


.' -‘V Lrer^J^ ° 1 ??' 

• ' ' it' ih; !?* 

” T-v • - \i >--'h ns® 1 


■.;!.i j.- 






I . . rc*^ 

*vnt‘;y ,.- _ 

'^rs^-^0^ 0 



rf"j 


THE AMERICAS 


Doctors Back 
Bill Curtailing 
1 Abortions 
For First Time 


By Helen Dewar 

Washington Pt-st Sen ire 


- M^*ir^ I A NG T® N r The ‘‘American 
Medical Association has endorsed a bUl 

?S2S ‘panial binh” abortions just 

' ^.SlnS? y c° ntesied ,e S isl arion faas a 
. v ore in the Senate. 

7 >s announcement marks 

the first time the largest U.S. physi- 
cians organization has taken a position 
on an abortion bill. Only a week ago. the 

SgisIation ined l ° suppon or °PP os e the 

' The endorsement comes at a critical 

• time. Senator Rick Santorum. Repub- 
hrat of Pennsylvania, the bill's sponsor, 
said he counted 62 “pretn- solid** votes 
to ”J® bill — five shon of the rwo- thirds 
needed to override a veto promised by 

V President Bill Clinton. 

But he said that there were six to eight 

• undecided votes that might be swayed 
by the AMA and added that prospects of 

■ a veto-proof Senate majority were *'im- 
*■ proving.” 

Last week, the Senate defeated an 

■ ■ alternative drafted by the minority lead- 
” er * Senator Thomas Daschle, Democrat 

of South Dakota, and supported bv Mr. 
Clinton that would have banned all late- 
term abortions but provided exceptions 
‘ to protect the health of a woman. 

The AMA *s board of trustees decided 

■ to support the Santorum bill after its 

• sponsors agreed to clarifications and 
-procedural safeguards that spell out 

what procedure is banned and’ would 
help protect doctors from overzealous 
1 prosecution. 

According to Senator Santorum. the 

- changes would make it clear that doctors 
1 who are intending to deliver a baby 

- would not be faulted if the disputed pro- 
cedure suddenly and unexpectedly had to 

- be employed to save the woman’s life. 



define “partial birth’* to exclude other 


£' Court-Martial ‘on Hold 9 

For Female B-52 Pilot 


- more widely accepted abortion proce- 
1 dures. 


In addition, Mr. Santorum said, any 


physician accused of performing an il- 
have the ri 


legal abortion would have the right to 
review by a state medical board before 
. any criminal proceedings began, with 
" information obtained by the review to 
be considered by the court 
With the changes, the bill "impacts 
only a particular and broadly disfavored 
— both by experts and the public — 
. abortion procedure,” said Nancy 

• Dickey, chairman of die AMA’s board 

• of trustees. 

- The White House said the. AMA 
statement and Mr. Santonim’s amend- 
ments would not alter Mr. Clinton's 
opposition. 

The House passed the Santorum bill 

• two months ago with more than enough 
votes to override a veto! Similar legis- 
lation was vetoed last year by Mr. Ctin- 

- ton and the Senate sustained his veto. 

Representative Charles Canady. Re- 
publican of Florida, the bill's chief 
sponsor in the House, said die AMA’s 
' endorsement brought the legislation 
' * ‘within sight” of a veto-proof majority 

• in both houses of Congress. 

' The legislation would outlawtbe pro- 

cedure called “partial birth” abortion 
by its opponents, medically known as 

- intact dilation and extraction, during 
■ which a surgeon pujls the fetus out of the 

birth canal feet first and then punctures 
C the head, removes the brain and col- 
lapses the skull so the fetus can be 
removed vaginally. 

The procedure could be used only to 
save the woman’s life. No exception is 
provided to protect her health. 

‘‘It is a procedure which is never the 
only appropriate procedure and has no 
"history in peer-reviewed medical lit- 
' erarure or in accepted medical practice 
development." Ms. Dickey said in her 
statement of suppon for the bill. 


77if Associated Press 

MINOT AIR FORCE BASE. North 
Dakota — Court-martial proceedings 
were put on hold Tuesday for the first 
female B-S2 bomber pilot, accused of 
having an adulterous affair and then 
lying about it, as court officials waited 
for the Pentagon’s permission to go 
ahead. 

“We’re in a holding mode,” an air 
force spokesman. Major Joe LaMarca, 
said as the court-martial was due to get 
under way at Minot Air Force Base. 

Major LaMarca said tire Pentagon's 
approval was needed because First 
Lieutenant Kelly Flinn had requested 
that she be allowed to resign with an 
honorable discharge and not be tried on 
charges of adultery, disobedience and 


lying to investigators. 


called it “standard procedure" 


Away From 


pager, addressed to her and her brother, 
was delivered a week ago. (Reuters) 


Politics 


• In the first of four executions 
planned in Texas this week, a car- 
penter who killed three people with a 
claw hammer wenr quietly to his death 
for the 1 985 murders. Richard Drinkard. 
39, declined to say anything before be- 
ing executed Monday evening. (AP) 


• Policemen around the country 
began stopping cars at checkpoints in 
a campaign to enforce seat-belt and 
child-restraint laws. The weeklong ef- 
fort was organized by the Air Bag 
Safety Campaign, a group financed by 
automobile ana air bag manufacturers 
and insurance companies. (NYT) 


• A booby-trapped beeper, band-de- 
livered to a young waitress in a New 
York City cafe, exploded in her hands, 
severing her right little finger. The vic- 
tim, T ara Zukas. 25. detonated the beep- 
er when she changed the battery. Po- 
licemen said the package containing the 


• A white youth pleaded guilty in the 
burning of a black church in North 
Carolina last June. Matthew Neal 
Blackburn, 19, admitted he threw gas- 
oline-filled beer bottles at the Sl James 
AME Zion Baptist Church near Mays- 
ville and set it afire. He could be sen- 
tenced to up to 30 years in prison. (AP) 


CROSSWORD 


ACROSS 

i Bouquet holder 
a Bouquet 
makers 

io Offensive 

ia Deejay Don 


14 Two-time Grand 
Slam winner 
is Missile housing 
io 'Relax!" 

i» gratia arte 

xo ’« have half 

to. 


* 




Est. 1911, Paris 
“Sank Roo Doe Noo’ 


A Space for Thought. 


ai Part of a 
bouquet 
22 The Beaties' 
last movie 

24 Brush, so to 
speak 

25 Baseball's 
Charlie Hustle 

25 Meager 
28 Monopoly token 
30 Mall component 
si Legal matter 
34 "Relaxl" 

ai Be in hock 
301977 U.S. Open 
champ 

40 Likable 

41 Manipulate 

42 Predominant 
«4Chiseler 

40 Janies Bond - 
backdrop 
4» Not so bold 
so Former Soviet 
First Lady 

52 Guinness 

specialty 

53 “Relax!' 

50 Cravings 
57 The Brady 

Bunch" 

housekeeper 

sa Flying eagle, 
e.g. 

mOidpoM- cause 
eo Novelist 
Dostoyevsky: 
Var. 

3 i Trajan ally, in 
the ‘Iliad" 


DOWN 


i ‘Myra 
Breckinridge" 
author 

aThafsasublect 
for Dean Martin! 
* Summer 
ailment 
4 Therapy fed 


5 Like a plum 
pudding 
O'Cest — " 

7 KenmofB 

product 
• Crack the 
books 

.•Semicircle • 

10 Indonesian 
■ island 

11 Cousin of a 
gazelle 

12 June award 
is Work like a 

slave 

17 Items at a 
lost-and-iound 
ib First game 

23 With 49-Down', 
-Say Anything" 
co-star 

24 Cutting remark 
20 Lieu 

27 True-cnme TV 
series 

28 San ps on's 
criminal-case 
judge 

28 Vulgar 
ao Peddle 

31 It's found in a 
runoff 

32 And so on 

33 1967 Mon kees 
song 

35 Zoo section 
30 Dr. Atkins's plan 
37 Oklahoma town 

41 Blubbers 

42 participant at a 
go's dance club 

43 Jai — — 

44 Root on 

45 One raising a 
fiowf? 

45 Pancho's 

amigo 

47 Going stag 

48 Signs a lease 

40 See 
23-Down 
so Preside over 




r~ 

* 1 

IT" 



1 

il 



f 

ij - 

- 





la - 


mS 



ar 

a 


J 

ET 



□ 

a~ 



V 

mKSm 

•i- 


* 


a 




S3 




ss 



j 

IB 



■ 


110 111 112 


PuHtefcrJMinD-Lawy 

© New York Timea/Edited by fTitl Shorts. 


Solution to Puzzle of May 20 


ai Bone-dry 
54 Clod 
ss Admiral 
competitor. - 
once 


anas aanaa aana 
raanm Biammo asms 
□aaaaniaasa aapa 
QEncin anna naaa 

□□□□□ QEGIQEia 

□ana □□□□□ 
□niua anansa aaa 
□sa □aannaa ana 
□□□ saoHan saaa 
□□ana □ana 
□□□□□□ scaaaia 
□□□□ aaaa aasaa 
□□as □□amaaaacia 
□□□□ omasa shoe 

QQSB HEJBQS SEEJI3 


Secondhand Smoke Tied to Heart Attacks 

Study of Women Finds Tha t Regular Exposure Doubles the Risk 


By John Schwartz 

llus/un^ton Post Sen ice 


WASHINGTON — High exposure 
to secondhand smoke nearly doubles a 
woman's risk of having a heart attack, 
according to the largest study ever con- 
ducted on the issue. 

The U.S. study, published Tuesday, 
provides strong new evidence support- 
ing the hotly disputed claim that second- 
hand smoke poses a major health risk, 
and could play an important role in the 
first class-action lawsuit against to- 
bacco companies over secondhand 
smoke, which is scheduled to begin in 
Florida on June 2. 

Researchers asked 32.000 nurses in a 
large ongoing study to place themselves 
in one of three categories: no exposure to 
secondhand smoke, occasional expo- 
sure. and regular exposure. The research- 
ers then monitored the nurses' health for 
10 years, from 1 982 to 1992. and found 
evidence of chronic heart disease in 152 
cases, including 25 fatal heart attacks. 

The researchers estimated the relative 


risks of coronary heart disease for those 
claiming regular exposure to second- 
hand smoke at 1 .91 times that of women 
not exposed to tobacco smoke at home 
or work. Women claiming occasional 
exposure were 1 .58 times more likely to 
suffer from heart disease than those hot 
exposed. 

The results “suggest that regular ex- 
posure to passive smoking at home or 
work increases the risk of heart disease, 
among nonsmoking women,” wrote 
Ichiro- Kawachi of Harvard Medical 
School and bis colleagues in reporting 
the findings in the journal Circulation, 
which is published by the American 
Heart Association. 

Walker Menyman, a spokesman for 
the Tobacco Institute, said he could not 
comment until he had read the study. 

Earlier research has shown 'that 
secondhand smoke increases the risk of 
lung cancer, though the amount of that 
risk is still in dispute. In a highly con- 
troversial report, the Environmental 
Protection Agency estimated that pass- 
ive smoking causes 3,000 lung cancer 


deaths each year and respiratory prob- 
lems for children. The agency research 
did not, however, evaluate the impact of 
passive smoking on heart disease. 

Previous studies have suggested a 
link between secondhand smoke and 
heart disease, but the new study is by far 
the largest to evaluate the question. 

Mr. Kawachi estimated that his re- 
search would translate into as many as 
60.000 deaths each year in the United 
States attributable to secondhand 
smoke. 

The researchers acknowledged, 
however, that their study had several 
important limitations, especially the re- 
liance on subjective, self-reported ex- 
posure to tobacco smoke. 

The new study could have an effect 
on the first class-action suit against the 
tobacco industry to go to trial. 

A Miami attorney. Stanley M. Rosen- 
blatt, is representing tens of thousands 
of nonsmoking flight attendants who 
claim to have been harmed by working 
for airlines in the days before a con- 
gressional ban on in-flight smoking. 


CIA Called a Liar on Opening Records 


By Tim Weiner 

Sn- York Times Senice 


WASHINGTON — The CIA’s 
promises to make public its records 
about its most famous covert operations 
of the Cold War are merely “a brilliant 


public relations snow job” and “a care- 
fully nurtured myth,” says a historii 


Quiirt S-amn/Tb- Htm 

Lieutenant Flinn arriving Tuesday at Minot Air Force Base for hearing. 


when such a request is pending. 

-U.S. Air Force officials asked the 
Pentagon for the go-ahead Monday 
night and did not know when they 
would get a response. Major LaMarca 
said. 

Earlier Tuesday, Lieutenant Flinn 
entered the Minot Air Force Base court- 
house in full blue military garb, re- 
maining stem and quiet in the presence 
of reporters. Her parents, brother and 
sister also arrived at the courthouse. 

Senator Slade Gorton, Republican of 
Washington, who opposes prosecuting 
Lieutenant Flinn. said: "This is a case of 
the punishment being greatly dispro- 
portionate to the crime. She should be 
transferred to another base." 

Defense Secretary William Cohen re- 
fused to discuss her case, but defended 
the military's tough legal standards. 


historian 

who served for six years oh a CIA panel 
that helps in the declassifying of the 
agency's data. 

The academic, George Herring, a 
professor at the University of Kentucky, 
writes in a historians' newsletter that he 
feels that he and other members of the 
panel were used to create the impression 
that the agency was serious about fill- 
filling promises of openness made since 
1992 by three successive directors of 
central intelligence. 

Mr. Herring served on the Historical 
Review Panel from its inception in 1990 
until 1996. But in the May newsletter of 
the Organization of American Historians, 
and in a subsequent interview, he con- 
tended that little had changed in the five 
years since Robert Gates, then the di- 
rector, said in a speech that * ‘the results of 
our historical review program have been 
quite meager. The consequences of low 
priority, few resources ana rigid agency 
policies and procedures heavily biased 
toward denial of declassification.” 

Mr. Gates said then that the agency's 
files on its three most famous Cold War 
covert operations — the Bay of Pigs 
fiasco in Cuba in 1 96 1 , the coup against 
the elected government of Guatemala in 
1954 and the coup that installed the shah 
of Iran in 1953 — would be made public 
in the not-roo-distant future. 

But none of the files have been made 
public, although a CIA official said 
Monday that part of those on Guatemala 
would be released in a few days. 

Nor has the agency fulfilled a promise 
made in September 1 993 by Mr. Gates 's 
successor, James Woolsey , who pledged 
to open records — “warts and all" — 
not only on those three operations but 
also on eight others, including missions 
in Indonesia, Laos and Tibet 

‘‘There are people in the agency who 
would like to live up to those promises, 


but they don’t have the clout or the 
wherewithal to do so,” said Mr. Her- 
ring.He said declassification as a whole 
had been "excruciatingly slow, and the 
volume of documents released certainly 
did not live up to our expectations of the 
meaning of openness.* 

The panel, which ‘ ‘met at the whim of 
the agency," did not meet at all between 


August 1990 and June 1994, he said. 


.ugi 

and was “used as window dressing” to 
enhance the CIA’s public image. 

“The agency had done such a bril- 
liant public relations snow job,” .he 
said, that it convinced many historians 
that it really was ‘ ‘moving toward open- 
ness, a carefully nurtured myth that was 
not at all easy for me to dispel.” 


POLITICAL NO TES 


Gephardt to Oppose 
Deal on Budget 


WASHINGTON— Richard Geph- 
ardt, leader of the Democrats in the 
House,, will oppose the balanced- 
budget deal that President Bill Clinton 
negotiated with Republican congres- 
sional leaders, Democratic sources 
said Tuesday. 

Mr. Gephardt was to inform the 
House Democratic Caucus of his de- 
cision Tuesday and announce it later 
during the debate on the budget plan, 
according to two Democratic congres- 
sional sources. 

The Missouri Democrat is not alone 
in taking a dim view of the agreement 
But his decision has been eagerly an- 
ticipated, not only because of his 
House leadership position but also 
because he is likely to challenge Vice 
President AI Gore for the 2000 Demo- 
cratic presidential nomination. (AP) 


said in court papers he filed Monday 
seeking a hearing before a federal 
judge in Little Rock, Arkansas. 

A spokesman at the Sybil Brand 
Institute for Women in Los Angeles, 
where Ms. McDougal is being held, 
denied that she was being treated 
harshly. “She’s being treated like all 
other inmates; she may nor feel that’s 
warranted, ’ ’ he said. (WP) 


Millie, Spaniel, Dies 


Plea for McDougal 


HOUSTON — Millie, a springer 
spaniel who was "first dog" in the 
White House of George Bush and the 
namesake of a book that offered a 
dog's-eye view of the presidency, has 
died at the Bush summer home in 
Maine. She was 12. 

Barbara Bush actually wrote the 
1990 best-selling “Millie's Book,” 
ostensibly “dictated” by the dog 
whose full name was Mildred Kerr 
Bush. The book sold more than 
300,000 copies in its first year and 
raised nearly $900,000 for the Bar- 
bara Bush Foundation for Family Lit- 
eracy. (AP) 


WASHINGTON — The lawyer for 
Susan McDougal has argued that she 
has been jailed in "brutal" conditions + 111 * 

for eight months on a contempt cita- \JUOtG / UnaUOt€ 
tion, will never agree to testify before 
a Whitewater grand jury and should 
be released. 

Ms. McDougal .is "extravagantly 
and irretrievably biased" against Ken- 
neth Stair, the independent counsel 
investigating the Clintons' role in the 
Whitewater venture, Michael Kennedy 


Senator Ernest Hollings, Democrat 
of South Carolina, voting against the 
balanced-budget plan: “All we have 
to do is hold the line and actually 
balance the budget rather than trying 
to buy votes with spending and tax 
cuts that we can’t afford.” (WP) 


McVeigh Had Traces 
Of Bomb, Jury Hears 


By Tom Kenworthy 

Washington Post Senice 


DENVER — An FBI 
chemist has testified that ex- 
plosive residue was found on 
the clothing and personal ef- 
fects taken from Timothy 
McVeigh, the Oklahoma City 
bombing defendant, when he 
was arrested less than an hour 
and a half after an explosion 
shredded the Alfred P. Mur- 
rah Federal Building. 

Testifying Monday as the 
prosecution case against Mr. 
McVeigh drew to a close, 
Steven Burmeister said he 
found traces ofPETN, a chem- 
ical used in detonation cord, 
on two of Mr. McVeigh’s T- 
shirts, in the pockets of his 
jeans, and on a pair of earplugs 
the defendant had with him 
when he was arrested. 

Mr. Burmeister, who is act- 
ing chief of the chemistry- 
toxicology unit of the FBI lab 
in Washington, told the fed- 
eral court be found more 


PETN in the right-hand pock- 
iveiah's « 


et of Mr. McVeigh’s jeans, a 
finding that would be con- 
sistent for a right-handed per- 
son. as is Mr. McVeigh. 

The FBI chemist also test- 
ified feat there was ‘‘no doubt 
whatsoever’ ’ that crystals em- 
bedded in a piece of the Ryder 
truck body recovered near the 
Murrah building were am- 
monium nitrate. Mr. McVeigh 
has previously been identified 


as the man who rented the 
Ryder truck at a Junction Gty, 
Kansas, rental outlet two days 
before the April 19, 1995. 
bombing, in which 168 people 
were killed. Mr. McVeigh has 
pleaded not guilty in the case. 

Government prosecutors 
allege that Mr. McVeigh's 
co-defendant, Terry Nichols, 
who will be tried separately at 
a later date, purchased 4,000 
pounds (1,800 kilograms 1 of 
ammonium nitrate fertilizer 
in Kansas that served as the 
heart of the truck bomb. 

Mr. Burmeister said be 
compared the ammonium ni- 
trate crystals taken from the 
piece of the Ryder truck body 
with ammonium nitrate fer- 
tilizer found at Mr. Nichols' 
home. * ‘The results were con- 
sistent with one another,” he 
said. 

The government previ- 
ously introduced into evi- 
dence a receipt for fertilizer 
that bore one of Mr. Mc- 
Veigh’s fingerprints. That, 
combined with Mr. Bur- 
meister’s testimony Monday, 
is the most solid evidence so 
far directly linking Mr. Mc- 
Veigh to the materials al- 
legedly used in fee Oklahoma 
City bombing. 


HAVE YOU BEEN REFUSED 

GOLD CARDS 


&M, Ms, Wo. M/C aiaiffd hr a tarter a 

lamer m 7-ID dajs. Fee StOOQ. Sasbcta 
Gnaiteed. (US . « CMtm msmt 


B sin muss 

SRCANIIE M714R43B 


SMALL LUXURY HOTELS 
OF THE WORLD 


HOTEL SQUARE 


Charming hotel on the right bank 
opposite the Eiffel Try die 
original cuisine in Restaurant 
Zebra Square. Ttbschic! 


To nwtoe a reservation _ 
m Fmore- taiUoiHm: 0800 90 7S 16 
Id Goman, calluifl In* 0130 81 8® 13 
mam ui*t<oosu } Belgium 
+33 tt,:; 7S3 58 U 



+ How ^efidthe^ warHhginvestment 
barks torpedo the Philippines’ 
first yankee bond? 


♦ What can risk managers leam 
from Nat West’s £85 million 
options loss? 


+ Who’s winning the power 

struggle .ati.Oreedner Kieinwort 
Benson? . 


♦ Why are investment banks 
scooping the pool in foreign 
exchange? " 


THE ANSWERS ARE IN THE 
MAY ISSUE OF EUROMONEY. 


To receive you - FREE copy ffl In your debate 
below and send to : 


Gary Bernard 

Euromoney Pubfcatiorvs PLC 
Nestor House 
Playhouse Yard 
London EC4V 5EX 




Name 


Position 


Company 


Address 







ASIA/ PACIFIC 


Rebellion in North Gives Taleban Chance to Extend Its Rule 


CtmfStdbfOarSuffFmm Oapatrha 

KABUL — The Islamic Taleban mi- 
litia, buoyed by a major rebellion in the 
north ag ains t an opposition warlord, 
continual an offensive Tuesday that has 
given the fundamentalists a new chance 
to defeat its opponents and impose its 
rule throughout the country. 

The warlord. General Abdul Rashid 
Dustum. is facing a challenge from a 
mutinous general, Abdul Malik, who 
began an uprising in the north Monday, 
apparently in collusion with the Tale- 
ban. 

The anti-Taleban alliance is locked in 
a fierce battle on two major fronts — in 
northwestern Afghanistan and about 
150 kilometers (90 miles) north of the 
capital. Kabul. 

The Taleban, who captured Kabul in 
September and already control all but a 


few northern provinces, said Tuesday 
that they had advanced to wi thin five 
kilometers of the central Afghan city of 
Bamian, held by a Shiite Muslim mi- 
litia. 

The Taleban also said its forces had 
captured the strategic Shibar Pass, but 
an opposition spokesman denied pre- 
vious claims by the Taleban that they 
had seized the pass, which leads to 
Bamian and also commands a route to 
die north. 

General Dustum appeared to main- 
tain a shaky grip on the northern city of 
Mazar-i Sharif, but the opposition al- 
liance grouping General Dustum with 
the Shiite leader, Abdul Karim Khalily. 
and the former government command- 
er, Ahmed Slum Masoud, seemed in 
poor shape. 

Compared with the strictures im- 


posed in Taleban-held areas. General 
Dustum has maintained a relatively sec- 
ular social code in such cities as Mazar- 
i Sharif, where women can work, girls 
go to school and even alcohol is not hard 
to find. 

The Taleban's information minister, 
Amir Khan Mutaqi. repeated Tuesday 
that die militia's goal of enforcing strict 
Islamic Sharia law. 

"It is our intention to establish an 
Islamic government throughout Af- 
ghanistan," he said in Kabul. 

The Taleban, whose movemem 
emerged less than three years ago from 
religious schools in Pakistan and south- 
ern Afghanistan, may see final victory 
within their grasp. 

But military analysts said die war was 
not over yet. 

"It looks as if the Taleban could 


march into the north aided by treachery 
and subterfuge," said one analyst, re- 
calling the nuUua's past successes in 
subverting opposing commanders. 

“But it* s still a very fluid situation.” 
be said. 

"Malik’s men are Uzbeks and have 
ethnic differences with the Taleban, who 
are mainl y Pashtuns,” he said. ‘‘There 
may not be much trust between them.” 

Diplomats said that far from settling 
the conflict, defeat in the north for Gen- 
eral Dustum and Mr. Masoud might 
simply prompt them to carry on their 
struggle from outside the country. 

“A military takeover by die Taleban 
does not mean a political solution of the 
• Afghan issue,” the UN special envoy to 
Afghanistan, Noiben Holl, said. 

He said that General Dustum and Mr. 
Masoud would not just give up. 


“I’m sure they will go across the 
border and establish a govemment-in- 
exile.” he said. 

Some of Afghanistan’s neighbors, in- 
cluding mainly Shiite Iran and the cen- 
tral Asian states of Uzbekistan and 
Tajikistan, view the Taleban's Sunni 
Muslim militancy as a threat. 

At a regional meeting in Turk- 
menistan's capital, Ashgabat, this 
month. President Islam Karimov of 
Uzbekistan accused Pakistan of pro- 
longing the Afghan conflict by backing 
the Taleban. 

Pakistan has denied supporting the 
Taleban. saying it has no favorites in 
Afghanistan, but Foreign Minister Go- 
har Ayub Khan said during his current 
visit to Washington that the U.S. gov- 
ernment should' take a fresh look at the 
Islamic movement. (AFP. Reuters. AP ) 


Clinton Trade Call ‘Wise,’ 
But Limited, China Says 


Reuters 

BEIJING — China on Tuesday 
praised President Bill Clinton's decision 
to renew its most-favored-nation trade 
status but urged Washington to grant the 
trade concessions on a permanent basis. 

Mr. Clinton's move also drew praise 
in Taiwan and Hong Kong, whose econ- 
omies are closely tied to China. 

"We welcome President Clinton's 
announcement to extend most-favored- 
nation trading status for C hina, ” the 
Chinese Foreign Ministry spokesman, 
Shen Guofang, said at a news briefing. 
"We think tins decision by President 
Clinton is a wise decision.” 

Mr. Clinton announced Monday that 
he planned to renew the favorable tariff 
terms for one year, firing the opening 
shot in what is expected to be a new 


Choice of Judge 
For Hong Kong 
Court Is Praised 


CanfiUtd b\ Ow SuffFmm dispatcher 

HONG KONG — One of Hong 
Kong's most respected lawyers was 
chosen as chief justice Tuesday, a 
decision hailed as strengthening the 
chances of keeping the judiciary 
independent under Chinese rule. 

The lawyer, Andrew Li, 48. a 
Cambridge-educated jurist, will 
take office July 1 and head the 
Court of Final Appeal, which is to 
replace the British Privy Council as 
Hong Kong’s highest court when 
the British colony becomes a semi- 
autonomous region of China. 

The decision by Hong Kong’s fu- 
ture leader. Tung Chee-hwa. comes 
at a time when he is under fire at 
home and abroad for his announced 
restriction of civil liberties in Hong 
Kong under Chinese sovereignty. 

The Court of Final Appeal will 
be empowered to invite judges 
from other common-law jurisdic- 
tions to sit on it, and will be in- 
dependent on ail matters concern- 
ing Hong Kong’s domestic affairs. 

But there are gray areas that 
worry many jurists. 

Cases in which aHong Kong law 
seems to clash with the territory's 
postcolonial constitution, or which 
touch on China’s national interest, 
must be adjudicated by the Chinese 
Parliament. 

The question is whether the court 
will be timid and refer all conten- 
tious matters to Beijing, or robustly 
defend its jurisdiction, said the le- 
gislator ana jurist Margaret Ng. 

In another development, China 
said Tuesday that countries that do 
not have diplomatic relations with 
Beijing would not be allowed to 
maintain consulates in Hong Kong 
after the British colony reverts to 
Chinese rule at midnight June 30. 

(AP. Reuters) 


foreign-policy battle with Congress. 
The president said he had decided to 
grant China what amounts to normal 
tariff treatment despite disputes with 
Beijing on many issues, notably human 
rights. 

But Mr. Shen said the annual U.S. 
review of China's status was not con- 
ducive to the normal and stable devei- 
lt of trade ties. He also cautioned 
:ss, where opponents of trade con- 
cessions to China, are expected to mount 
the fiercest congressional battle in years 
to overturn Mr. Clinton's decision. 

"The U.S. Congress should not en- 
gage in unnecessary interference in 
MFN for China or cancel MFN.” he 
said "This is not in the interests of 
either side.” 

In Hong Kong, the decision was seen 
as particularly important. Erica Ng. as- 
sistant manager of international affairs at 
the Hong Kong General Chamber of 
Commence, said that if China's favorable 
status was not renewed it would "greatly 
affect confidence in the territory." 

China accounts for much of the 
colony’s re-export trade, and withdraw- 
al of the trade privilege could result in 
the loss of up to $30 billion annually in 
revenue from trade and related indus- 
tries in Hong Kong. 

China's rival, Taiwan, also bad praise 
for Mr. Clinton and expressed hope that 
Congress would back bis decision. 

“This is a very good development for 
Taiwan businessmen investing in the 
mainland,” Chen Ruey-long, deputy di- 
rector of the cabinet’s Board of Foreign 
Trade, said on state radio. 







Vsdix ZiSjwIV A-ururd ftiw 

Riot police facing demonstrators from the United Development Party during a rally in Jakarta on Tuesday. 

More Political Violence Erupts in the Streets of Indonesia 


Reuters 

JAKARTA — A riot broke out in 
central Java on Tuesday, and troops 
fired shots into the air in Jakarta as 
thousands of people poured onto the 
streets in support of a Muslim-backed 
party contesting the May 29 elections. 

Witnesses said up to 10,000 sup- 
porters of the minority. Muslim-ori- 
ented United Development Party at- 
tacked an office of the governing 


Golkar party in the town of 
Pekalongan, about 260 miles (415 ki- 
lometers) east of Jakarta. 

They said the office was pelted with 
stones and ransacked before policemen 
fired warning shots and tear gas to 
disperse the mob. Four, motorcycles and 
many Golkar flags were burned by the 
crowd and two bouses near the Golkar 
office were damaged. Five people were 
injured in the violence, and about a 


score were held by police, they' said. 

In Jakarta, a riot nearly broke out in 
the Otista area in the east of the city 
after police earlier broke up a street 
haute between backers of the United 
Development Party and Golkar. 

United Development Party backers 
also poured into the streets* in other 
heavily Muslim areas in southern, 
eastern and central districts of the cap- 
ital of 10 million people. 


BRIEFLY 


‘Killing Fields* 
Remembered 

TAKHMAU, Cambodia — 
C am bodia’s former Communist 
rulers gathered in a suburban pa- 
goda on Tuesday to remember the 
victims of tbe Khmer Rouge’s 
“killing fields” regime. 

The Cambodian People’s Party 
had in the past marked May 20 as a 
"Day of Hate” against the Maoist 
group, but after a year of moment- 
ous change within tbe Khmer 
Rouge it changed the name this 
year to "Remembrance Day.” 

Thousands of Khmer Rouge 
guerrillas have defected to the gov- 
ernment since the former top guer- 
rilla official, Ieng Sary. split last 
August with hard-liners loyal to Pol 
Pot, leader of the 1975-79 regime 
blamed for the deaths of more than 
1 million people through execution, 
disease and overwork. (Reuters) 

China Advances 
On Korea Talks 

BEUING — China reported an 
advance Tuesday in bringing 
Seoul, Pyongyang, Washington 
and Beijing together for talks on 
securing lasting peace on the 
Korean Peninsula. 

A Foreign Ministry spokesman, 
Shen Guofang, said, "We think it 
can be said that consultations in- 
volving all sides on holding four- 
way talks on the Korean Peninsula 
have made progress.” He did not 
elaborate. 

President Jiang Zemin told the 
visiting South Korean foreign min- 
ister; Yoo Chong Hwa, in Beijing 
on Tuesday that China attached im- 
portance to its relations with South 
Korea, the Xinhua press agency 
said. 

Beijing would push for the long- 
term development of friendly 
Chinese-Korean ties, Mr. Jiang 
said (Reuters) 

Philippine Drama 

MANILA — A drunken barber 
was arrested Tuesday in the south- 
ern Philippine city of Digan after he 
pulled out a pur of scissors while 
watching President Fidel Ramos 
inspect a new slaughterhouse. 

* ‘There was really no attempt on 
the life of the president,’ ’ said Mr. 
Ramos's press undersecretary, 
Marcele Lagmay, “but any secu- 
rity man seeing a person carrying a 
bladed weapon would be al- 
armed.” The barber was later re- 
leased (Reuters) 


Australia’s ‘Stolen Generation’ 

Report Calls Policy onAboriginal Children ‘ Genocide 9 


Agence France-Presse 

SYDNEY — Australian authorities 
grossly violated the human rights of gen- 
erations of aboriginal children through a 
policy of forcibly separating them from 
their parents, according to extracts from 
a report prepared for the government. 

An inquiry that heard evidence from 
more than 500 victims of a practice that 
persisted until the 1960s found that one 
child in five had suffered sexual abuse 
in foster families or institutions and one 
in six had reported excessive physical 
punishment as children. 

"Some of these people are absolute 
wrecks,” said Mick Dodson, Aus- 
tralia’s social justice commissioner and 
an aborigine who was a victim of tbe 
practice himself. "Through no fault of 
their own they're ruined souls, their 
whole existence lurches from a tragic 
history to a tragic future, they live each 
day the trauma of what happened.” 

According to testimony given to the 
inquiry, thousands of children were for- 
cibly removed from their parents under 
an official policy that made them wards 
of the state from birth and gave ab- 
original parents no guardianship rights. 

Many never saw their children again. 

The report, which followed a two- 


year investigation known in Australia as 
the "stolen generation” inquiry, was 
completed in April and sent to the at- 
torney general, Daryl Williams, the 
Sydney Morning Herald said. 

Extracts from leaked copies of the 
report were broadcast by ABC radio and 
published by the Herald, which said 
Canberra had already attacked the re- 
port and was likely to reject its call for 
compensation and a day of atonement. 

According to the extracts, the report 
found that the authorities had failed in 
their legal duty to care for the children 
and that their removal had been "a gross 
breach” of international human-rights 
standards and of local legal standards. 

From late in the last century until the 
mid- 1 960s. children of indigenous Aus- 
tralian people could be taken from their 
parents without a court order. Tbe in- 
quiry described the policy as "a crime 
against humanity” and "an act of gen- 
ocide,* ’ contravening the genocide con- 
vention ratified by Australia in 1949. 

Surveys in 1989 showed that 47 per- 
cent of aboriginal respondents were sep- 
arated from their parents as children. 
Overall, the surveys showed that at least 
5,600 children were separated from 
their parents between 1883 and 1969. 



Death Toll Reaches 46 
In Bangladesh Cyclone 


Megan 1 

Australia's social justice commissioner, Mick Dodson. 


The Associated Press 

CHITTAGONG, Bangla- 
desh — A cyclone that 
bartered the southeastern 
coast and a tornado that fol- 
lowed in its path and struck an 
offshore island have killed at 
least 46 people. 

; Relief workers were arran- 
ging for food and temporary 
shelter for tens of thousands 
of people left homeless. 

Two relief organizations, 
the Red Crescent Society and 
the Cyclone Preparedness 
Program, independently re- 
ported a death toll of 46. 

About a third of the cas- 
ualties were in the port city of 
Chittagong. the second 
largest in Bangladesh and its 
economic gateway. 

The cyclone lashed Chit- 
tagong on Monday with winds 
of 200 kilometers per hour 
(125 miles per hour). In many 
areas along the 400-kiloraerer 
coast, tidal surges two meters 
(six feet) high swamped is- 
lands and swept over crops. 


Fallen trees and debris made 
many roads impassible. 

Army and navy units began 
a huge relief effort T uesday to 
contact survivors and assess 
the devastation. The Red 
Crescent Society mobilized 

33.000 volunteers to help 
with relief efforts. 

The tornado struck Ma- 
heshkhali Island, 1 1 kilome- 
ters from the port of Cox’s 
Bazar, about six hours after 
the cyclone ended, said Gu- 
lam Rabbani of the CycloDe 
Preparedness Center in Chit- 
tagong. Seven people were 
crushed to death in their 
homes, he said. 

Sl Martin, an island of 

6.000 inhabitants, and Teknaf. 
home to 22,000 Muslim 
refugees who live in tents after 
fleeing the Burmese Army, 
took the brunt of the storm. 
Communication lines with 
many islands off Bangladesh’s 
southern coast were severed 
and reports of casualties and 
damage were incomplete. 


The material on this advertisement is compiled from pages of the New York Herald's European Edition of May 21 and 22, 1927. 


TODAY'S WKATKXX FOKCART 

Warm, cloudy. 

Wlmd IW, moderate, 
fmpurwtnrw T — * a id a j r: Ku. 81 
TO mt.), mla. 8 (40 Tihr.). 

katfcor rotifta. 


40th TUI. 14,478. 


THE NEW YORK HERALD 

EUROPEAN EDITION OF THE NEW YORK HERALD TRIBUNE 


0.30 A.] 


mow 


EXCHA2TC-S BATES (CABLES) 
Dollar In Paris - - - 3Bfr. 04 l/8c. 
Dollar in Londoo - - - - 4a. 2d. • 
Dollar in B.riia fgaht ink) 4m. 81pf 
dollar in Soma - - - ■ 30 it-, oio. 
Pound In Paris ... i84fr. Q8c. 


4— law Offta. rnrnm infwrmaltMS awni 
• 1TBRIS DB K.’OPEBA. To l , aacasbam 


PARIS, SATURDAY. MAY 21. 1927. 


Iduorial Oirieai 
* KITE DO LQOV8E T*l Cmoobm-e "l-!* sad oa-ia 


PRICE : Pari* and France, 70d. 


LINDBERGH ARRIVES ON RECORD-BREAKING FLIGHT 

50,000 Roar Welcome at Field as Lone American Lands After Ocean Dash of 33 hr, 30 min. 



DARE-DEVIL FLIER 


Captain Chula A. Lindbergh, prababh the most 
daring aviator or all time, completed the greatest 
IBgbt u air history bn night at 10J2 o'clock, wbea he 
set his Ryan monoplane down on Le Boarget FWd 


jost thirty-three boars and thirty minutes after be 
roared oft the ground at Roosevelt Field, outside of 
New York. W00 miles away. 

To America goes the honor of hayun one of her 
sons as the first to fh- between New York and Paris, 
and 10 tbe plucky, fafred-baired yonth who drove the 
plane alone on the long, kazardons journey «t only 
goes tbe honor bat the Oneig prize on 25 JJ 00 and a 
new world's record for a aon-stop 

WILD BEDLAM AT FIELD 

If IQ.000 devils were summoned hi a mad dance » 
strike siniDhaneuusIy all of die tocsins in this land the dm 
and bedlam they would raise would never equal die 
frenzied enthusiasm and the hysterical rear that swept 
across the field as Lindbergh brought his silver gray 
plane to a perfect landing in the glare of die powerful 
flood lights winch illuminated the aeratane. 

Twemy-flvc thousand people inside the field surged 
forwar d to catch a glimpse of foe daring twenty-fisc- year old 
youth who defied the elements and human endurance to 
finish die most sensational flighi mux men fits look u foe 
la and before to motor had stopped nnnuag ±u Samsung 
mass had sunwmded lus plane 



Commandant West and Souaat Defrayal woe foe Hrsi 
lo nidi to his aide and to offer cum there arms as be Hepped 
from foe cockpit 

“Ok. you odo*i base 10 help me out.” Lindbergh said, as 
he jumped to foe ground. 

■U'ell. I am here.’ he Amried. "an: foar any nwriume. 
around 1 ” 

These were foe first words he unered on French mhI info 
foe tcreesmg. rmhnsusnc fon nngme m hn ears. 

Alien foe crowd caught sight of lip boyish foce and his 
frank mnomg smile u roared anew and scat he was on foe 
shoulders of a dozen Frenchmen and AmeneaiB. hyslertud 
men and women shnekmc their conpnmbnons. Despuc foe 
MDguug journey of thirty-force boas alone at foe _ controls, 
after a <wi »un < 


i only two hours 

rad unered a fiewoua" ro foe 


. he was mil smiling 
French acr l armn ons 


In foe fanned nidi it appe a red fa a nnnra as several 
persons naghi be cm to pieces by foe whining propeOas bis 
U foe crowd closed m on foe plane Lmdbogh turned foe 
switch and foe rotor died. For a modem be yes blmkug ji 
foe mass tint^i foe glass shield of foe cockps oral a New 
York [braid reporter, occ of foe firs u reach foe machine, 
opened foe eudfW dew. and he sapped to foe gromL in* 
first eip abroad. 


50,000 See Landing. 

Tbe trroredoos crowd of rant dun 50.000 which jon 
nxd be mrpoti -half of which were on foe flying field itself 
snd which fa hours bad been patiently uwmng rus arrival - 
suMarfy sprang W hfe s 1000 when foe roar of a plane was 
heard to foe north of foe 6Hd. Ii's LaAagfe" 50.000 foraab 
shouted. 

Tbe nut grew btzdtr baler and soon hesd overhead and 


to earth each lime, until foe letters NX 122 acre easily 
dbhugublsiMe an 1 be trap of ha plane as foe powerful 
Sights ibshed acroffl hi5 pafo. 


TlKn mil ul' clear, Marty sky . foe vd'er grey plane slid in a 
graceful landing m from oi the jirjwn oluce and foe gtaiesi 
liigla of all nmc. had ended. He arrived, the. carefree youth 
or tucniy-fiic »hme >emurv was looked upon by 
etpencmxd as was a,, aliru-i impossible. Kchad pul betnikl 
[vixnbty foe gnatefl pvnixnuncv since aeroplane, were lip.[ 
nude and a record that will and fur many years 
Pessimist at Start. 

Even- w’jsoneJ pika heft ire h*> hip curumued lo .mr 

whyte could ne'er auk.- foe flietu He w flymp alone, j 
sigmbiuium lafo nf endurance lo w ai foe ct«irn| , m one 
p.sitiui fa more ihar •: brnrs. Mo man could --und n they 
said 

He was ifcperfcbng m j simple majroenc compass io guiifc 
mme over the sea aisj ». of France wkdi he mus 

ertes alter dark \jt ica'oi-- declared ifrar u was m^*c-.ihle iu 
maintain a coar.e and pick up Pans by day. let alone by mchi 
and his anentpt n a- cret*leml fouroed b> foil 

Yet l*a mghi ten: te v as m Paris He hid steadily kepi a 
trU ? S?”'* 5U "" I .‘hut miles of sa. picked up PU moufo 
ow Cherbourg and d:.,: ended upon Paiv. ai oiehl and » ithm 
fifty wo ntinures of hi' scheduled tine. Nm only n-is his feat 
me of dani^ and brilliant jthicicmoir hn oi skill that left 
npeneneal airmen stunned. 

6,900 Mile Trip. 

Bcstdes his phenomenal tat his plane has jirohaW' foe 
gnaicH nsfrtuncr v tu credit on record. Just ten dav.> joi. 
on May 11 I Lindbergh was in San Diego. CaL 2.wKJ mfe 
nani tew ><gfc last night fw had pot more dun oJW mile. 

tnnwi cten 


Flood Lights Pot On. 

h, .Mi, J hnl j w { 11 WI O! fat behind the tries and 

oSfoniSe h r ch J 10 nKLcr «> Ihe field 

ljn<fin S runways limn foe are 
•*» fw-ld. foe llood liohu flashed jensi, 
foe broad cyoinse occasionally and worken flood bs the 
te'weiful wareWichis icidy io pick foe Slier out or foe •dri 

Thousands Rush Plane. 

u hSJ* 1 *. n ' w "“"S 01 vT ihe field our 0 fa Mam 
■ Jj c behind the iron grilled enchwure lu-i all 

’’ rr 01 "?^ Jn ? 1 *C turners, irampliiw 

policemen. ulTicijls. and >peajK>rs Across foe field ibci 
; USL anE,> “ a ‘ -j resTHance aside, 

uns ^ 01 nflui in an effat io 
Jem focude which lonrcieryfoing aside 

as 1 001 ^ 'i erc ^ drkl wonw were braised 

i eir knee ? J *- T ' j35 foe field lo caich a 
a,rir f l U a nud mob foal faiehi 

w Wiv brafofcss,' acrov the espanse of cuen io tevUten 
ite hand of France lo Ihe Limed Slates in a spnnjiiun'i 
greenng No one cared - ihe one do, re "a“ 

’ '■"***** or a braxo in his ° 

J* window* vf foe hulfe'i and terraces 

a second flory on foe archway Mmccumg both wrms 

CfeatOemo m l ra tion. 

.w?r P !n lj t 1 ? 511 * 5 * CI0Qd 'tel cut wan pm ihe 
gaks ol Lc.Bq mva and ream, declared a was the graies 


rropi Lmi night he had pot more dun W mile- naiveuT ban could hast nvenedmdK «Jr 

tetund m lewer iJian run wwL wn£»i cbmpng h> mc<ir faadaiiin^^forjCTm^^^g^^^ 


4 . 










F 



INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MAY 21. 1997 


EUROPE 


PAGE a 


i '£ UUn g Fields^ 

Rem ^ber ed 

i 

rarer- ‘°nner rv d 

! * Kfcnffft 


Greece Trying to Alter Image as the 6 Spoiled ’ Odd Man Out of Europe 


I c .- ‘r. , '; e Day - 

^4rs^j =, «>^.o^? gc i 

1 I 

' - r - : *-■« death*, m- „, rc § ln * 

, />> . ■ I 

U/H««.^ rwnm j 

Eurea Talks 

3EIJIN0 — r - ■ 

■’ ‘ .t re Pwied an 

• : Sc::/. l " bringj 

•• **-' 3r:-sr.: ash »ngtrjii ; 

Htw-rirj n r,W!al ^on: 

' ; Kerfi’fPr-i-iJE. p "^ e on (he 

. S.:-^v f V? !i spokesman ' 

• : . cu: - T '.V. ' ' ft 'e think n 
- un 'ult4iio n s i n . 

; - ‘ * .^ v, ?r n ^nin»h 

■'■ ‘ ■" =■*'' He did n« 

, ■; ’ . “H . . .‘Tj" min- 

a Wjini 

• *-/•••..’! . ' ~ r! r " : Ji; ^'htd inf- 

s -’ _'t ' _ / '-'slh South 

.' / . * ’’-yihsions- 

- /: ; .. :: ti incndK 

'* •" •■■!”. Juts 

Rc-iHtsi 

Philippine Drama 

'• ” '■ -'-'.■.cn iwrber 

' - •' "■ -■£ mash- 

■• . r '■•••"•'■;• * arier he 
while 

■■' • J- ■ r.Zi, Ramos 

■ •••■•• - • iiirmp! on 

-■ ‘ ■:"■:■ : . *■/ jiC Mr 

■ . .••z::*iszn& n. 

V 

.. r.*"- ._T.>n:i 

• • : : ■ '••■ ' - :.\i ii- 

..j, 

• ■.. , • :»r- r . • 


foil Reaches 46 
gladesh Cyclone 


X Vi-r-~ 
%y** r 
mahre--'- 

|ptf« 

m k/.’ :• • 


Jid 

:: “«i Jte? 
ri? heir 


i HWW>.S,1" • 

■ • ' ' kllflM- 


T 7 - - or CiiG 


- ■ _ " , , -.-j' 

fcSi'r- 

- :• V .. 

' ‘ ■• '7 - * ’ ; 



t® i ** 

m .ji jteu 

wit a* • ' 

paet^-- . 

r wi--- 

r.T .. ..uaJ d 

lb** " 

' MuJif 


^ ; 

-wirtMft ■ r -* : 

i F 

^ Id HUT' 


.W 

— ..-;e 

-.itD 

■ 

■■■_■ ‘‘"j 


«>d22. I 11 — ^ 

U£A*l rkX ... sd 


. 4 -. s:p* 

«*-•••' ,‘,r «1 B ; 

»r. « * * ;r .'.t!!g ^ 0 * 

riici ^ 

FLIGHT 


f**#*!** 0 






By JonaTi7arTcl<andal 



has A ™ ~~, In J major shifu Greece 

out role^n*N ATn , “H i c ldin ® odd " nian " 
affairs for m ^ ° and European Union 

^TJ^r^ , ^ pon ' 

tasSim seems determined to rely on 
regional cooperation, budgeiarv rigor 
and improving economic growth to 
define a calmer lum-af-, he century role 
f ° r T? en ? O0 ’ s 10 million citizen?. 

ge L rcnec,s E»infui lessons 
learned since the end or ihe Cold War 
and the perceived threat of the growine 
unpredictability of Turkev. ite more 
. ne 'ghbor to the east, accordine 
10 ^ lc,a ^ s ' dl P , ? m ats and academics. “ 
Inis pragmatic approach may con- 
sign to rhe historj books the emotional 


roller-coaster politics of Mr. Simitis's 
fellow Socialist predecessor. Andreas 
Papandreou. who dominated Greek 
political life for two decades until his 
death Iasi June. 

In his heyday in the 1980s. Mr. 
Papandreou stirred Greek hearts, es- 
pecially by healing the wounds of 

NEWS ANALYSIS 

Greece’s 1 9 44- 1 8 civil war and finally 
recognizing the losing Communists as 
equal citizens. In the Cold War’s Final 
decade, he put the narion on the in- 
ternational map by threatening to close 
U.S. military bases here and otherwise 
antagonizing Washington. 

Mr. Papandreou first opposed Greek 
membership in the European Union, 
and then milked it to die last subsidized 
drop. So over the years. Greece’s 14 HU 
partners became increasingly annoyed 


with what a senior official here de- 
scribed as ‘"our spoiled-child” ap- 
proach of seldom playing by the rules 
even when receiving aid'worth S5 bil- 
lion a year. 

Mr. Simitis has proved his political 
mettle by calling and winning early par- 
liameniun elections in September’ Dur- 
ing the winter, he faced down striking, 
normally pro-Socialisi farmers and 
teachers opposed to austerity measures 
designed io bring the economy’s per- 
formance closer to EU guidelines. 

Senior officials contend that the new 
policy proves Greece’s emerging polit- 
ical maturity after decades of turbu- 
lence. With three more years of Mr. 
Simitis's stewardship likely before 
elections, the Athens stock market 
seems io agree. It doubled in value in the 
four months after his refusal to knuckle 
under to the strikers. 

Western diplomats voice prudence. 


but credit Athens's new pragmatism with 
paying diplomatic and political dividends 
unthinkable barely 18 months ago. 

These are among the examples that 
illustrate Mr. Simitis's pragmatic in- 
sistence on cuning losses: 

• Greece is enjoying thriving trade 
relations — and even participated in 
joint military exercises — with the 
former Yugoslav republic of Macedo- 
nia. whose legitimacy Athens had long 
worked to deny. 

• In Albania, where relations were 
inflamed less than two years ago be- 
cause five ethnic Greeks were jailed on 
espionage charges, a sizable Greek 
Army peacekeeping contingent is de- 
ployed as part of the Italian-led Euro- 
pean multinational force. 

• Foreign Minister Theodoras Pan- 
galos recently astounded many Greeks 
by openly dissociating Athens from a 
virtual German veto on Ankara’s EU 


EU Wrestles With Plan 
Calling for Military Role 


Axrner Frutwc-Pressc 

THE HAGUE — Proposals to give 
the European Union a role in military 
affairs for the first time were put before 
foreign ministers here Tuesday as ne- 
gotiations on a new EU treaty moved 
into a decisive final stage. 

With less than a month to go before 
the treaty is due to be signed at the June 
16-17 summit meeting in Amsterdam, 
the ministers met to discuss the main 
elements of a draft treaty drawn up by 
the Union’s Dutch presidency and pre- 
pare a meeting Friday of EU leaders at 
Noordwijk. 

The Dutch draft calls for EU gov- 
ernments to commit themselves to a 
gradual merger with the Western Euro- 
pean Union, a defense grouping that 
comprises only 10 of the 15 EU stales. 

The draft called the Western Euro- 
pean Union an “integral part of the 
development” of the European Union 
with the “objective of gradual inte- 
gration” of the Western European Un- 
ion into the European Union. 

The plan, modeled on long-standing 
French-German ideas, has been backed 
by nine countries, but faces an insur- 
mountable obstacle in the shape of 
fierce opposition from Britain, Den- 
mark and the four neutral EU stales — 
Austria, Finland. Ireland and Sweden. 

Finland and Sweden have warned 
that, as well as compromising their neut- 
rality, giving the EU a defense identity 
could complicate the bloc's enlarge- 
ment plans, particularly in relation to 
-theirBahic neighbors.- ■ 


Until now Russia has taken a relaxed 
attitude to Estonia. Latvia and Lithuania 
being groomed for EU membership. But 
Moscow’s position could change if EU 
membership entailed an automatic secu- 
rity guarantee through the Western Euro- 
pean Union, the Scandinavians fear. 

Britain opposes a merger of the two 
groupings on the grounds that it would 
undermine NATO. 

While ruling out a commitment to 
transforming the European Union into a 
full-fledged defense club, diplomats 
said it was increasingly likely that the 
new treaty would give the EU the power 
to ask the Western European Union to 
plan and carry out peacekeeping, hu- 
manitarian and other crisis-manage- 
ment operations on its behalf. 

Britain and the neutrals have indi- 
cated that they could live with such a 
formula. 

The draft treaty also includes propos- 
als aimed at strengtiiening the EU’s com- 
ing to foreign policy decisions. A con- 
sensus is emerging on plans to establish a 
new planning and analysis unit and on the 
appointment of a senior official to give 
foreign policy a public face. 

Under the Dutch text, abstentions 
would not prevent decisions being made 
on overall strategy in any area. Once 
decided, decisions on the implemen- 
tation of the policy would be made by 
majority vote. Decisions with military 
or defense implications would continue 
to require unanimity and countries 
would be able to block decisions by 
pleading vital national interests. 



t^nrd VUbe/ \pni- fitar-F 

Demonstrators protesting the arrival of Jean-Marie Le Pen in Lyon; 



Ex-Spymaster 
Cites ’90 OiTer 
OfTJ.S. Haven 

The Associated Press 

BERLIN — Marinis Wolf, 
the former East Gennan spy 
chief, says that after the fall of 
the Berlin Wall the CIA 

offered him a new life in Cali- 
fornia if he told them 
everything his agents had been 
doing during the Cold War. 

The first excerpts from Mr. 
Wolf's memoirs, “Man 
Without a Face," were made 
public Tuesday by Stem 
magazine, which will publish 
them over three weeks. The 
4 book is to appear in 13 coun- , 
^ tries, including the United 
States, on June 1. 

On May 27. a verdict is 
expected in the second tnal 
thelegendary former spymas- 
ter has faced smceGermti 
unification m 1990- Mr- 
Wolf, 74. headed East Ger- 
many's espionage network 
from 1953 to 1986 t 

Once dubbed the man 
without a face” because few 
in the West knew what be 
£oSd like. Mr. Wolfs 
agents gained NATO secrets 
for the Soviet bloc that could 
have been decisive if war had 
broken out in Europe. 

Mr. Wolf said he was ap- 
proached in May 1J90 with 
an offer from the CIA direc- 
tor. William Webster, to work 

*-fortheU.S.smragen<^He 

T ^ said that Gardner Ham- 
away, who was assistant di- 

roctOT of the CIA fOT coun- 
terintelligence, visited bun 
and offered a “seven-figure 
sura,’' a new identity and a 
house in California. 


ouhTi 


TUfrdieiwddun— ipt u Ji Ffc int 


New York - Pars nonstop MOTMED by Longnss. 
On May 21. 1927. w iess than M holds, CHARLES 

LroeCRGH BECAME A TRUE PHMXK IN AVIATION HS- 
TOitY ON BOARD HS 'SPWT OF ST. LOOS*. 


LQNQINES* 


L’ELBGANCZ DU TEMPS DBPUH 1632 

Swiss made 


membership application and insisting 
that “Turkey's final goal must be uni- 
fication with Europe. ' * 

Coming only 1 4 months after Greece 
and Turkey almost went to war over two 
tiny uninhabited islets in the Aegean 
Sea in January 1996. Mr. Pangalos's 
remarks encouraged cautious hopes that 
ihe abiding tensions between these 
NATO members could be reduced. 

Turkey reciprocated within weeks. 
For the first time in a decade, its army 
chief of staff attended Greek national 
day festivities in Ankara and urged an 
end to traditional animosities. 

Still. Western efforts to capitalize on 
such gestures proceed prudently. The 
Dutch government recently promoted 
consultations between retired Greek and 
Turkish notables to discuss grievances. 

But nationalistic opposition from 32 
Socialist legislators apparently promp- 
ted the Simitis government to refuse a 


meeting next month between the ex- 
perts. deciding instead io exchange, 
wrinen lexis. , 

Such suspicions are scarcely new. 
Bui a senior official hinted that Mrr 
Pangalos’s remarks reflected a subtle 
change in traditional Greek evaluations i 
of Turkey and a need to engage Ankara, 
rather than spurn it. 

"We Greeks must get over the okj 
knee-jerk reaction that if something is 
bad for Turkey, it is good for us.'] the 
official said. "We must noi pour oil on 
the fire.” 

The official had to foresee further trou-. 
bles with Turkey, but at least he felt that 
Greece's position was now better tin-;' 
derstood by its NATO and EU partners. 

"Europe has taught us Athens is not 
the center of the world.” he added* 
“that we’re all in the same boat and 
need to cooperate with our partners — 
and not just on economic questions.” 


Chirac Says ‘Single Voice’ 
Is in France’s Interest 

Paris Calls Socialists a Threat to the Euro 


Reuters 

PARIS — President Jacques Chirac 
pledged Tuesday that France would 
meet its European commitments but. in 
a veiled warning against electing a left- 
ist government, he said Paris could only 
defend its interests if it spoke with a 
single voice. 

Speaking five days before the first 
round of parliamentary elections. Mr. 
Chirac said that France “will only be 
able to defend its interests if it is capable 
of speaking with a single voice, a strong 
voice.” 

The president said he would person- 
ally ensure France met its European 
commitments — apparently a reference 
to fulfilling die conditions for a single 
European currency in 1999. 

Monetary union is a burning issue in 
the campaign for the poll May 25 and 
June 1. 

1 Trance will meet its European com- 
mitments with lucidity and pragmat- 
ism,” the president said. 

* ‘It will do so because our economy is 
in better shape and we have recreated 
the conditions for good growth,” he 
added. 

The opposition Socialists and Com- 
munists have opposed any further aus- 
terity to meet the requirements for mon- 
etary union. 

Prime Minister Alain Juppe said 
Tuesday that a leftist victory in the poll 
could endanger France ’-s place in Euro- 
pean economic and monetary union. 

“It would be a shambles in Europe, 
firstly because the Socialists and Com- 
munists don’t agree among them- 
selves,” Mr. Juppe told RTL radio. 

He added that the Socialists' eco- 
nomic policy, “with extra spending and 
deficits, would push us off track” for 
European monetary union. 

“We have made conditions so that 
the euro will succeed,” he said, re- 
ferring to the single currency. 

* ‘I rather have the feeling that Lionel 
Jospin is making conditions so it will 
fail.” 

But Mr. Jospin, the Socialist leader, 
told Le Monde that there would be no 
crisis over the single currency if the left 
won. 

Mr. Jospin said he would not feel 
bound by a ‘ ‘stability pact,” adopted by 
European Union leaders in Dublin in 
December, limiting the public deficits 
of countries that join the euro once it is 
introduced in 1999. 

He added: “No one wants a crisis 


70 YEAK5 LATER. MS SPWT UVES ON NlTC. "LOOBEKM 
Sprit collection”, aconttu^okaky eyoultodnof 

THE LClNCINES HOUR ANGLE W.VTCH CREATED AND 

oesoied bv Charles Lindbergh himself. 

Ifexindi IWit iBmhlflr: «nv Jcnfrebixm 


with France, and France will not have to 
provoke a crisis, but it will have a great- 
er weight than it has had up to now.” a 
Economists say the two major parties 
differ more in rhetoric than in substance 
on European monetary union. , 

Opinion polls published before a legal 
blackout went into force at midnight 
Saturday showed the center-right and the. 
combined left virtually even, with the, 
right projected to win by 39 to 1 00 seats 
in the 577-seat National Assembly. ; 

The right's projected lead in seats,! 
which narrowed slightly over the last 
week, was due to expectations that a 
majority of voters for the extreme-right^ 
National Front would switch to center-; 
right candidates on the second round. ■ 

■ Farmers Protest Milk Prices * 

Dairy farmers protesting a fall in milkj 
prices blocked distribution centers! 
around France on Tuesday, threatening 1 
stocks at some supermarkets but pres-) 
suring the government into a meeting, i 
The Associated Press reported. | 
The farmers singled out about 15. 
distribution centers, according to the; 
deputy chief of the National Federation! 
of Milk Producers, Andre Grynspan. 1 
Protesters were stopping' delivery! 
tracks from entering or leaving depots' 
in Brittany, in western France, and in', 
eastern, southeastern and southwestern. 
France, Mr. Grynspan said. 


DeBakey Praises 
Yeltsin’s Recovery 

Reuters t 

MOSCOW — President Boris, 1 
Yeltsin has recovered from heart sur-i 
gery even more rapidly than doctors had| 
expected, a leading American cardiolo-. 
gist who advised on the operation was' 
quoted as saying Tuesday. ! , 

According to the Kremlin press of- 1 / 
fice, tire cardiologist, Michael De-!l 
Bakey, said, “The rehabilitation has/, 
proceeded even somewhat ahead of;/ 
schedule, quicker than one would have- 
expected by now.” 

He added, “Yeltsin is in good, 
form.” 

Dr. DeBakey, who met Mr. Yeltsin | 
on Tuesday at the Central Clinical Hos- 
pital in Moscow, advised a team of! 
Russian surgeons who performed by- 
pass surgery on the president Nov. 5. ! 






PAGE 6 


INTERNATIONAL HERALD TRIBUNE , WEDNESDAY, MAY 21, 1997 

INTERNATIONAL 


m 


JOBS: OECD Gives Several European Governments Failing Grade DEALS: EU Antitrust Chief Studies High-Stakes Airline Alliances 


>• St 


Continued from Page 1 

carried out its 1994 recommendations. 

“I think this report signifies that 
European countries have to work much 
harder at liberalizing their job markets,' * 
Mr. Aaron said. “Otherwise they are 
never going to reduce their unemploy- 
ment significantly." 

At OECD and Group of Seven meet- 
ings alike, European officials have often 
rejected American-style labor market 
flexibility as being incompatible with 
their tradition of greater social protec- 
tion. Several Europeans have argued (hat 
the United States does not create real 
jobs, but is rather forging a nation of 
"hamburger flippers." 

"Frankly," Mr. Aaron said, “the 
Europeans seem more inclined to talk 
about how they are different from the 
U.S. and bow they can’t do these things. 
But look at our 4.9 percent unemploy- 
ment rate. We must be doing something 
right, and a lot of our jobs are above the 
median income level, so we are also 
pulling up the median." 

The OECD report specifically shows 
how the Netherlands — with a jobless 
level of 6.4 percent, compared with a 
Europe-wide average of 1 1 percent — 
has focused on reforms such as wage 
moderation, tax reductions, a lower min- 
imum wage for young workers and 
scaled back payroll taxes for low-wage 
groups. Ireland, meanwhile, has reduced 


its unemployment level by lowering un- 
employment benefits, reducing margin- 
al effective tax rates and improving edu- 
cation and vocational t rainin g. 

Unusually for an OECD study, the 
report acknowledges that various Euro- 
pean governments have faced domestic 
political and social obstacles in trying to 
make labor markets more flexible. 

"In some countries, including Ger- 
many, Ranee, Italy and Belgium," it 
says, "political constraints have pre- 
vented greater breadth and/or depth of 
reform." France’s unemployment rate is 
now 12.8 percent, while Germany's 
stands at 1 1.2 percent. 

Another section of the report quotes 
officials from France, Belgium and Aus- 
tria as citing "fears of negative reper- 
cussions on social cohesion as reasons 
for adopting a measured and incremental 
approach to reform." 

At the minister-level meeting next 
week, die OECD will also urge more 
across-the-board regulatory reforms as a 
way of stimulating economic growth. It 
will offer seven specific guidelines, say- 
ing that cumulative economic growth 
could be increased by as much as 6 
percent over the next decade if these 
reforms were completed. 

The seven items include adopting a 
broad program of regulatory reforms, 
reviewing regulations systematically; 
making sure mat regulations are trans- 
parent and nondisenminatory; reform- 


ing economic regulations in all sectors to 
stimulate competition; eliminating eco- 
nomic regulations unless clear evidence 
demonstrates they are the best way to 
serve the public interest; eliminating 
barriers to trade and investment, and 
coordinating regulations with other eco- 
nomic policy objectives. 

Among the examples that are to be 
presented is die U.S. air transport sector, 
where deregulation helped fares to drop 
by one- third from 1976 to 1993. Also 
cited by the OECD report is regulatory 
reform in die British and Finnish tele- 
communications sectors, which has 
brought down the price of telephone 
services by two-thirds. 

■ No Place for Russia in OECD 

Russia is unlikely to become a mem- 
ber of the OECD anytime soon because 
the country's economy is not yet open 
enough, Mr. Johnston, the organiza- 
tion’s secretary-general, said Tuesday, 
The Associated Press reported. 

"It’s die same thing with every coun- 
try," be said. ‘They need to reach a 
certain liberalization level and we are far 
from that now with Russia.” 

Mr. Johnston did not rule out an even- 
tual Russia membership, saying that at 
some point he would want Russia in the 
OECD. He gave no timetable. Russia’s 
application to join has also been slowed 
down by the organization's financial 
problems, Mr. Johnston admitted. 


Continued from Page 1 

Seven U.S. senators, led by Slade 
Gorton of Boeing’s home state of Wash- 
ington, have protested in a letter to the 
White House. Vice President A1 Gore 
promised earlier this month to take 
"whatever action is appropriate" if Mr. 
van Miert seeks to impose tough con- 
ditions on the merger, and officials hint- 
ed that President Bill Clinton may raise 
the case when he meets with EU leaders 
next week in The Hague. 

One U.S. official, who spoke on con- 
dition of anonymity, noted that the Fed- 
eral Trade Commission, the Department 
of Transportation and the Department 
Justice had not uttered a word about their 
reviews of the two deals. 

“One would hope that Mr. van Mien 
would hold his own counsel," the of- 
ficial said. 

Britain’s previous. Conservative gov- 
ernment criticized Mr. van Miert, ac- 
cusing him of unwanted interference in 
the BA case. Even EU officials criticized 
his strong attack on Renault’s decision to 
shut its plant in his native Belgian region 
of Flanders this year, with some calling 
him the “Flemish commissioner." 

Mr. van Miert has insisted he is only 
applying EU merger regulations, not 
playing politics. 

[Reflecting concern in the United 
States over the proposed alliance be- 
tween American and BA a U.S. senator 


with jurisdiction over antitrust issues 
joined others in Congress on Tuesday in 
c allin g for a public bearing on the issues 
surrounding the proposed alliance. 
Bloomberg" News reported from Wash- 
ington. 

[The senator, Orrin Hatch, Repub- 
lican of Utah, said in a letter to Attorney 
General Janet Reno, that the pairing 
"raises important and unique compe- 
tition and policy questions that deserve 
close attention by the Department of 
Justice and the Department of Trans- 
portation.’’ Mr. Hatch heads the Senate 
Judiciary Committee. 

[ The Department of Transportation 
has final authority to approve or deny 
airline alliances, but the law says the 
attorney general may request a hearing.] 

On Tuesday, Mr. van Miert went to 
London to brief Britain’s new trade sec- 
retary. Margaret Beckett, on the con- 
ditions he will demand for approval of 
the alliance between BA and Americ- 
an. 

The pair would dominate the lucrative 
North Atlantic routes with more than 60 
percent of the market, and competitors 
from Delta Air Lines to Virgin Atlantic 
Airways have cried foul. 

The conditions, which the European 
Commission was due to endorse on 
Wednesday, were expected to include 
the disposal of hundreds of take-off and 
landing slots at London's Heathrow Air- 
port, BA’s home base, along with other 


measures, possibly including restraints 
or delays to the airlines* plans lo com- 
bine certain operations. 

"There’s more than slots that they’ll 
have to change,” a commission official - , 
said. Mr. van Miert also was expected to 
send a statement of objections ro Boeing 
on Wednesday, requiring Boeing to re- 
write multibillion-dollar. exclusive con-; 
tracts to supply aircraft to American 
Airlines and Delta in return for EU ap- 
proval of the McDonnell purchase. 

Unless Boefng complies, aides to Mr,- 
van Miert warn, he could impose fines of 
up to 10 percent of sales, or about $4 
billion. 

■ US Airways Buyback 

US Airways Group Inc. said it would, 
buy back preferred stock from British 
Airways PLC in a transaction valued at 
Si 26.2 million, a sign of renewed fi- 
nancial strength ar the once-struggling 
U.S. airline. Bloomberg News reported 
Tuesday from Arlington. Virginia. 

The buyback is a big step toward 
ending the three-vear partnership be- 
tween' the sixth-ranked U.S. airline and 
Britain’s largest air carrier, an alliance 
that went sour when British Airways 
jilted US Airways for rival AMR Corp. 
last year. tit 

The shares in the buyback represent 
about 26 percent of British Airways’ 
holdings of preferred stock in US Air- 
ways. 








- * V ht- 





jVEtt 
, fcAs* 


Wear fhe watch that's electrically charged 


i ne n e w 


COMPETE: Losing an Edge 




Continued from Page 1 

which soared to seventh place 
from 15th last year on iis ef- 
forts to deregulate its econ- 
omy and to sell off former 
state -owned industries. 

Most other countries, 
which the authors grouped in 
an Anglo-Saxon bloc, also 
did well. 

The increase in the U.S. 
ranking was attributed to 
technology and a government 
deficit at 1.4 percent of GDP 
last year, the smallest of any 
industrial nation. 

The United States was fol- 
lowed in the rankings by a 
resurgent Canada, which rose 
to fourth place from eighth, 
also benefiting from a nar- 
rowed government deficit . 
New Zealand ranked fifth in 
die survey. 

Top-ranked Singapore and 
Hong Kong were joined in the 
top 10 by Taiwan, which 
came in eighth place, and 
Malaysia, which came in 
ninth. 

But the Harvard economist 
Jeffrey Sachs, in his summary 
of the report, wrote that the 
recent slowing in East Asian 
growth rates suggested only 
the "gradual end to superfast 
growth that we have already 
seen in Japan." 

In some East Asian nations 
though, the authors warned 
that overvalued exchange 
rates and shaky banking sys- 
tems may yet exact their 
costs. “Not even the east 
Asian tigers are immune to 
the laws of economic life.” 
Mr. Sachs said. 

On a far broader scale Mr. 
Sachs warned that a widening 
gap between rich and poor in 
most countries of the world, 
plus growing corruption and 
lawlessness in many nations 


are threatening to brake pro- 
gress toward economic re- 
form in many countries. 

An unequal distribution of 
the fruits of economic growth 
stores up deep social prob- 
lems that can be unleashed at 
any time. As for corruption 
and lawlessness, Mr. Sachs 
said that many studies have 
now found Lhat "widespread 
corruption lowers economic 
growth rates and repels for- 
eign investment." 

High levels of organized 
crime and low levels of ef- 
fective police protection were 
but two of the many failings 
laid at the door of Russia and 
several of its former satellites. 
That plus a “slackening" in 
the pace of economic reform 
put Russia and the Ukraine 
dead last and second to last, 
respectively, in the compet- 
itiveness rankings. Even the 
Czech Republic, which the 
report reckoned to be the most 
competitive former Soviet : 
block economy, came out at a 
below par 32d in the overall 
rankings. 

In contrast to the still mod- 
est flows of foreign invest- 
ment into those countries the 
report said that East Asia was 
still reaping enormous ben- 
efits as the most popular 
emerging market destination 
for foreign investors. Last 
year it took in more than half 
of ail the direct foreign in- 
vestment destined for devel- 
oping nations. 

Unfortunately. East Asia 
also led the rankings for gov- 
ernment corruption. Indone- 
sia, the Philippines. Thailand, 
and Vietnam took the top four 
slots in the report's survey on 
the prevalence of "irregular, 
additional payments." in do- 
ing business. Runners-up 
were Russia. Venezuela and 
India. 




■ ; *. I A 


jinn i . ti-nin 
fa 2 faults 


, ..W • 

l -j 


li -.. 1 ■■ 

I \ 


v •. _ 


■ *. . V.c- 
.. -/ 

* aZ& ■■ 

* 

- Ji*»t. 

• tar : 

w.- »» 

"... s«* 

- 

NiiTmW'- 

t&B: - 


BRIEFLY 


Albright Sets Visit to Sarajevo 

WASHINGTON — The U.S. secretary of state. 
Madeleine Albright, placing new emphasis on peace 
efforts in Bosnia, will visit Sarajevo the weekend of May 
3 1 and may also visit other venues in the Balkans, the 
State Department said Tuesday. 

Announcing Mrs. Albright's plans. Nicholas Bums, 
the department spokesman, said there was “concern" 
lhat parties to the U.S.-mediated Bosnia peace accord 
were “falling down" on their commitments. ( Reuters ) 

UN ‘Concern’ on Gadhafi Flights 

UNITED NATIONS, New York — The UN Security 
Council said Tuesday that Colonel Moammar Gadhafi. 
the Libyan leader, violated sanctions by flving lo Niger 
and Nigeria earlier this month. 

The council noted "with concern" reports that Libvan- 
registered aircraft flew to Niger on May 8 and returned to 
Libya on May 10 in violation of sanctions. The mildly 
worded statement was a compromise mainly between the 
United States and Egypt. ' (Reiners) 


V- • - 

. . 

- 4 *■- -■ 


^ and Britain 
Conference 

"“Looted Nazi Gold 

JjJfe vs Md 

:■ -■ ^i-ford TO hoU 

^‘•d. us Loritk# 





'■v.smfrtf-gatt 

five 


1. 1' 1 ^ a. u, • - cTctary of Scat 

rvpe : 

I,-. ~ Tunher ex 


'reign Set? 



i-'e.vpi. (K enters) '’ftf ij$ “ d- . _ . ^ 

Rights Workers Killed in Bogota , r? 

BOGOTA — Gunmen posing as federal investiaators & . Ctl 


BOGOTA — Gunmen posing as federal investiaators 
killed two human-nghls workers and one of the worker’s 
father after storming their apartment and forcing the 
victims to their knees. 

At least five men dressed in black and armed with 
submachine guns broke into the apartment Monday of 
Elsa Constanza Alvarado. 36, and her husband. Mario 
Calderon. 50. said Camiic Borrero of the Jesuii-ftjnded 
Center for Research and Popular Education, where the 
couple worked Elsa Alvarado's father was killed and her 
mother critically wounded. 

Canada Reopens Cod Fishing 

S T J OH "\"™fo un d\and Lim iied cod fishing 
has resumed oft Newfoundland, the first commercial 
catch since cod Mocks collapsed four veurs aao 

™ • “A, 5 -?- 00 - eligible Monday to take 

part in the limited fishing program, with catches to be 
monitored to allow officials to follow the state of cod 
stocks. Canada decided to allow the small commercial 
fishing program despite the advice or some scientists who 
say cod stocks are .still too fragile. (AP) 

For the Record 

f ?^ Ia " cs bomb *d positions of the sep- 
aratist kuiriish Workers Party in northern Traq on Tues- 
day. security officials said. ^ (AFP) 


Mr Cool 
'vahstej 
-bdrawjQg 


^ ^/^pihihc tw 

. >&■'■ -ih 

Alls . *unr *'*•“- hantJSw 

up *v 


' 'if :■ fillings 

> ‘ r .w •pv '•■!£' (.-v- 7 ihcir duet 
J* t P’ :r eiH: e .fr^-Ted an 

'^Hir !l0n *7sn ■ A . Cek t 

. ln, ' -!e r *hl -. r,Ver nmcm»li 

« «*>» '=.L‘S.. con >p‘« 




W" 6 'hJ J nai 'om ? puI1 C1 ®- 1 

w * ar cnmmi 


t 





Stakes Urli 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MAY 21, 1997 


PAGE 7 




*np 


* • \ V ■■ r, .Mr 

-T^;- Pvr;., 1 .. r t ' M-.r, . r 

J".- ..." I ”:i . l ' 1 


INTERNATIONAL 


■irji 


«■ 

v* 


V- ” V. ■ -i [} 

. ■ " ‘n. Ml 

. ■ •' J r-l , 

‘ ;"■> - •• V ; 1 "' 1 k 

- 1 ; ■ 

-• .... •••<; j-, . • Wi 


Congo’s New Leader , in Surprise, Slips Into Kinshasa 

i Most of His Well-Wishers Had Gone Home 


arrived 


V 

— f 

• v ■ • - 

ViS 


" r i I ‘ 

_y . ' - :i - 
■ -u- :., r -V"--- 

i« M * - ' ‘■'‘■'HI 

a\s . 

; v r ■ k 

ir. ■- ^ ; 

>n- ^ “ r n-- 

^ l - ”"' ”■ .■ , ~ ' *"’• ill.' .■ . 

>. ■!!. . ■'»!• 

n: >*w 

vr • .. - . - : \ :i ' '•'■"'M 

- . - . . • - 1 'i i.r 

1 . • 1 - . 

E : ;j ■ 

: ■ - n v :■ X? 


£ 

Ml 

fT' 

ier 


2TE: L„«i r. 


Jin Pay* 

t » C". . • 

? 7 < •• ■“. ’. ■ • 

J . «i 




'•r 

► 


1 

M ..: ‘ •• 


•- - 

H:, > 
r**: ■ 

5*- 

| V ; 1 ■ 

1*V« 



’Svt* I Mt • '‘ :p: J vil) 


f» >M • i I 

!•>. » ;• : 

JJMI : - 

Mrs -.'■'•••• 

;llr -r '• 

ikvki 1 . ‘ • 


- jit$ 


cern’^n 


X V* 

tar? ■ ■■ ■ 
»iT r., - - ^ 

-rti i- i - 


brk*’f* kih* " : , - 


. < P .>c;. 

r. »•;* - '■ 

J lines' 

* . A>>~ 
v ■ 

’ 

v' - ■ 

:i ® ' ' 


fteoptii* 


( 


■ >" hj»*L r 


l. ■$*■« *■ 

m v - 

: * > 

fifth** - ' 
4f»V l:-*- 1 - 

iJM* ' 2 -' 
<**.'*■ 





r iJ- . 

■if' 


Kiwcuic. ^.vnateJPreu 

in Kinshasa T° n ^° — Lau . renl Kabila 
i denis who had eTlSSd p Cnlng ' sur P ri!iin g res- 

bU H^ n§ flKnSff an ° lhcr ^ 

» <*i»i «fc* 


wilh him the promise of democracy in this vast 
country, recovering from Marshal Mobutu's years 
of looting and brutality. 

“I believe it should be possible to organize 
elections within six months,” said Ferdinand 
Nakemanda, who stood waving a blue-and- 


got into a waiting A, ■ nx)n:Uft:55P M - and Nahemanaa, wno stood waving a blue-and- 
led bv iwn ™?i;,» JO,n, . ngacoi,vo y°f vehicles white alliance flag as he waited across the street 
throuch tnjc * is - The convoy swept from the airport for Mr. Kabila’s plane, 

well-wisher; "M 11 ? em P*y afw Akawa. who said he had traveled 30 

ivtur s ° ne nom e foilowin 


pour. 


[A French diplomat said that two French na- 

Sh^ IO dCath by men in uniform in 

rrS^vn tin ^ evei \ m *' Reu,er * sported. 

and p? nS T e res,denLs - Michel Tbumaire 

in the 


a down- kilometers to welcome Mr. Kabila, agreed. 

“We have Finally vanquished 31 years of suf- 
fering.” he said. “Now it s lime to move on.” 

■ Mobutu Prolongs His Stay in Togo 

A source close to the Togolese government said 
Marshal Mobutu had prolonged his stay Tuesday 

««* Tnsn An Un'illh nvAimrlc nfroi* flirvkr I ! I. 


Wwipm I jmarl J’ ■ u laciory in me iwarsnai mdduui naa proiongea ms stay iuesday 

were killed 1 ^ “ ,smcl cs *pital when they in Togo on health grounds after his flight into exile 

Mr Kahili , left him “very, very weak,” Reuters reported from 

ident on c atl ^lr who declaj «i himself pres- Lome. Togo's capital. 

some of hie press and Marshal Mobutu, who is fighting prostate can- 

firom the Dlam ° ° F ° ,deS bne ^ y after descending cer, arrived in Lome on Sunday night on a Russian- 

KinshaLmTi™™-^ . . made cargo plane from his jungle palace at Gbad- 

icinrf* nF »*h 1S immediate ^y recognized the signif- olite in northern Congo. 
iS^ Harir t ™" v °y seeping through the cap- Marshal Mobutu fled Kinshasa on Friday, one 
fcwaved it on Streets ‘ ^ ,ursl in, ° cheers and day before Mr. Kabila’s rebels marched in tri- 

' 3J° usands of people had lined the streets of the Un in5^liJIrce said that Morocco or France were 


SEEln^S!? J 1o . ^ elcome man who ended 
&kl ? * ““ty dictatorship 

and who has promised to introduce democracy to 
this beleaguered nation. 


likely later destinations. 

The source said that Marshal Mobutu had ini- 
tially landed in Togo for a technical stopover but 

V . . that the government had agreed, reluctantly, to let 

y or those were hoping Mr. Kabila brought him stay longer because of his state of health. 



Pixal OojW/AgcflCC Foocf-Prcae 

Two looters walking Tuesday by an ivory throne Marshal Mobutu kept in a Kinshasa house. 



—"-A SUDAN 

J L, 

CwJ 

Kisangani J 

GABON 

Brazzaville 

X. _ 

congo 

to-Zue) i ST | 


Kinshasa 


h 

ANGOLA 

Km 

rare^teK ? 

V Lubumbashl 

/ 

0 500 

1 — rzAiraAVl 


Africa Again 
Has 2 Congos 

The Associated Press 

Zaire’s new rulers are renaming 
their country the. Democratic Re- 
public of the Congo, creating two 
neighboring nations — each with 
Congo in its name; The former 
Zaire, with its capita] at Kinshasa, 
and the Republic of Congo, across 
the river from the former Zaire. Its 
capital is Brazzaville. 

Zaire is the former Belgian 
Congo, ruled by Belgium until 
1960. 

It became the Republic of the 
Congo at independence in 1960, 
was renamed the Democratic Re- 
public of the Congo in 1 964 and was 
.renamed Zaire by Mobutu Sese 
Sekoin 1971. 

The rebels who overthrew Mar- 
shal Mobutu, led by Laurent Kabila, 
have said that they will change the 
name back to the Democratic Re- 
public of the Congo: 

The International Herald Tribune 
begins using a Congo dateline on its 
disparches from Zaire starting Wed- 
nesday. after Mr. Kabila’s goven- 
ment is installed. Its neighbor will 
be referred as Republic of Congo. 

Zaire, with 46 million people, 
dwarfs the Congo Republic, with 2 
million people. 

Separating the two nations is a 
river known both as the Congo 
River and the Zaire River. 


CONGO: For Middle Class, Struggle to Overcome a Disappointing Past Is Far From Over 


U.S. and Britain 
Plan a Conference 
On Looted Nazi Gold 

The Associated Press 

WASHINGTON — The U.S. and 
British governments have agreed to hold 
an international conference in London 
this year to discuss Nazi looting of gold 
and ways to complete restitution five 

decades after Worid War IL 

In a joint declaration. Foreign Sec- 
retary Robin Cook and Secretary of State 
Madeleine Albright said recent reports 
bv meir governments had resulted m visiting European musicians and spec- 

aD fa l a^eparaJe development, Nfc Cook 

“liveliness and efficiency of a miniature 
Antwerp.” 

The country in those days had one of 
the highest school attendance rates in 


Continued from Page 1 

twilight world where hints of past great- 
ness and squandered potential peek 
through the trees: abandoned factories, 
gas stations, plantations and once -stately 
homes, their doors creaking on old 
hinges. 

One glimpse of the past comes on the 
road to Stanley Falls, the rapids at Kisan- 
gani that were once a famous tourist 
attraction in central Africa. Hie road is 
on the outskirts of town but has been 
partly overtaken by the jungle and is now 
so overgrown that one has to leave one ’s 
car behind and finish the trip on fooL Yet 
overhead are ancient street lamps, some 
with bulbs intact, stripped of wire but 
still a reminder to the hiker that this 
remote and overgrown path was mice a 
well-tended avenue and a part of the 
modem world. 

In the little village of Mam beau in 
eastern Congo, peasants live in mud 
houses on the fringe of the jungle and 
survive much as their forebears did 100 
generations ago, without doctors, 
schools, stores, electricity or any equip- 
ment more sophisticated than a hoe. But 
beside the village is a startling reminder 
that it was not always so; rows of sturdy 
brick houses, empty, overgrown ana 
seemingly haunted, where local villa- 
gers once lived much more modem lives 
as they worked on a vast rubber plant- 
ation. 

Decades ago the plantation was aban- 
doned, becoming an eerie ghost town 
overgrown with brush, and now the vil- 
lagers farm only tiny plots to feed them- 
selves, using a small fraction of the land 
that their parents worked. The vast ma- 
jority of the plantation has been claimed 
once more by the jungle, a habitat for 
elephants and leopards. 

And the decline in Congo is not just 
economic, for the family unit is also 
tearing at the seams, and the majority of 
children cannot even graduate from ele- 
mentary school. Many illiterate young 
people are members of a lost generation 
that will impose a burden on the country 
for half a century to come. 

Evetybody says that Funidi, grand- 
father of Mauwa and patriarch and 
namesake of the Funidi family, must be 
tossing in his grave. 

Funidi was bom in about 1904 in what 
was then the Belgian Congo, die per- 
sonal property of Leopold, king of the 
Belgians. Almost all of the continent had 
just been seized by European countries 
in the “scramble for Africa” of the 
1880s. but Congo was a special prize: a 
huge country, one-third the size of the 
United States, with diamonds, gold, cop- 
per. ivory and rubber thar made Leopold 
one of the world's richest men. 

Yet while focusing its efforts on plun- 
dering minerals and preserving power 
for Europeans, the Belgians also built a 
country that in many respects was im- 
pressive. 

Kisangani, then called Stanleyville, 
was typically majestic, with stately 
buildings, broad avenues, concerts by 


* The essence of the Belgian system is 
to buy off African discontent by giving 
economic opportunity, widespread so- 
cial services and a comparatively high 
standard of living,” Mr. Gunther wrote 
in 1 9S5, and one of the beneficiaries was 
Funidi. 

A tall, lean man who moved to Kisan- 
gani in about 1943 from the small village 
where he had been chief. Funidi got a 
government job as a street cleaner. Be- 
fore he died in 1959, he sent all his 
children to school and he was one of a 
large number of Congolese on the verge 
of joining an emerging middle class. 

Funidi ’s children and grandchildren 
celebrated, of course, when Congo be- 
came independent in 1960. Throughout 
Africa, there was elation 
at tbe prospect that dia- 
monds and minerals 
plundered by Europeans 
would finally enrich lo- 
cal people. The Funidi 
family already was 
moderately well off, 
with educated children 
and such conveniences 
as a bicycle, a hand-crank phonograph, a 
battery-powered radio ana a sewing ma- 
chine. 

“Evetybody was very happy with in- 
dependence, because God seemed to 
have decreed it and everybody expected 
life to get better,” recalled Emmanuel, 
one of Funidi ’s sons. “Bat it didn’t take 
long to realize that tilings were getting 
worse.” 

At first the Funidi family was relieved 
when Colonel Joseph Desire Mobutu 
seized power during a political crisis in 
1965, for be seemed to represent order 
and stability. But then everything began 
to go wrong. Hie economy stagnated as 
foreigners were evicted, as rubber, cof- 
fee and banana plantations returned to 
the jungle, as conniption began to as- 
phyxiate business. 

As the economy stalled, soaring in- 
flation eroded the salaries of govern- 
ment officials like the Funidis. The pau- 
perization means that everyone in 
Congo, not just members of the elite, 
must “re debrouiller" — make do, get 
by with what one has. Se debrouiller 
means that government officials take 


Many families 
can’t help but look 
ha ck at all the 
squandered decades. 


bribes, doctors ignore patients who do 
not offer gifts, factory workers steal 
parts from assembly lines, and soldiers 
wave guns to get “donations.” 

That is why Mauwa, who as a college 
graduate once reflected all the hopes and 
promise of her country, is now a char- 
coal peddler. Smart aria disciplined, al- 
ways the brightest student in her class, in 
1976 she became the first person in her 
family to graduate from college. She was 
given a job as a university librarian, a 
particularly exalted post in Congo be- 
cause of tbe prestige of universities, 
which were set up only on the eve of 
independence with the mission of cul- 
tivating an educated elite to run the 
country. 

Yet for all the hopes 
and resources invested 
in these university 
graduates, Mauwa now 
says bitterly that it was a 
mistake to go to college. 
Her job as librarian is 
almost meaningless, she 
said, because all classes 
at the university have 
been suspended for lack of funds. Tbe 
library has not had any money to buy 
bodes or subscribe to magazines since 
1982. 

Her salary as a librarian has dimin- 
ished because of inflation from the equi- 
valent of $300 a month when she was 
hired to $1 1 a month now — and in any 
case the wages are theoretical. The last 
pay was in November, after a gap of 
many months, and for the last half year 
Mauwa has survived only by buying 
charcoal in big bags and reselling it in 
little bags on the curb. 

“It’s humiliating, it really is,” 
Mauwa said moodily, as she sat at an 
ancient table in the dilapidated library. 
“But it isn’t quite so debasing when all 
of the other university graduates are out 
there beside me, peddling on the street, 
selling cakes, palm oil, salt, sugar, soap, 
lemon axle.” 

The Funidis live in a two-room mud 
house with a tin roof, dirt floor and a hole 
in the wall that serves as a window to let 
m light, in a neighborhood that re- 
sembles a remote village more titan a 
part of a major city. A flimsy outhouse 


made of palm fronds is in the back, and 
the “kitchen” is the muddy area in front 
where tbe children cook dinner each 
evening over a fire. 

The bulwark of the Funidi family 
today is not Mauwa, who is too poor to 
generate much respect in tbe rest of the 
family and who cannot contribute to 
family finances. Instead, the main pro- 
vider is her cousin, Alphonsine, 25, with 
her earnings from prostitution at the 
Take-a-Peek Bar. Alphonsine is a com- 
plex figure, an unmarried mother and 
earnest Catholic who goes to Mass each 
Sunday and takes Communion and be- 
lieves God will help feed and clothe her 
loved ones. And while she waits for His 
help, she cares for her 7-year-old son, 
Patrick, and younger brother and sister 
by peddling herself. 

“Everybody in tbe family criticizes 
me, but I’m the only one putting food on 
the table,” said Alphonsine, a sturdy, 
strong-boned woman with a steely face. 
'’Mauwa always says she's afraid I'll get 
AIDS, but then how come she doesn't 
help? She just scolds, and complaining 
doesn’t help!” 

But now that Kisangani has been 
taken over by the rebels, the Funidis are 
cautiously optimistic that life will get 
better. Another reason for optimism is 
that other African countries that have 
endured wrenching national traumas — 
such as Uganda and Eritrea — have 
emerged, however scarred, with a great- 
er sense of nationhood and purpose, and 
a much greater ability to forge a modern 
economy, government and society. 

Indeed, it is the scarred countries that 
provide some of the continent’s greatest 
success stories, and certainly the rebel- 
held areas of Congo seem far less corrupt 
and much better managed than they were 
under Marshal Mobutu. 

Even if peace is at hand, however, it is 
clear that the Funidi family is much less 
prepared to prosper now than it was in 
the 1950s. Then all the children went 
through elementary school at least; now 
all the children get little or no education 
and are illiterate. Then a college edu- 
cation, however rare, seemed a ticket to 
run the country; now it is seen as just a 
detour on the way to becoming a char- 
coal hawker. 


Cyprus Holds 
54 in Rioting 
That Protested 
Peace Concert 


Cumptlrd fn Ox Fnm DapM hn 

NICOSIA — Several dozen Greek- 
Cypriots suspected of having taken part 
in violent protests here against a peace 
concert featuring Greek and Turkish- 
Cypriot singers appeared in court on 
Tuesday. 

The 54 suspects were brought for ar- 
raignment to a heavily guarded 
courtroom in the divided capital of this 
Mediterranean island 

They were arrested during protests 
late Monday against the concert by a 
Turkish pop singer. Burak Kut, and a 
Greek star, Sakis Rouvas. which was 
held in the no-man's land dividing the 
city. The buffer zone is patrolled by UN 
troops. 

The concert was the first major gath- 
ering of Greek-Cyprioi and Turkish- 
Cypriot communities since clashes be- 
tween the two groups erupted in 1963. 

The police fired tear gas to disperse 
Greek-Cypriot protesters who set fire to 
piles of garbage, threw stones and broke 
shop windows during some four hours of 
rioting. 

About 40 people were treated for 
minor injuries and released 

The concert itself passed off peace- 
fully, and die city was quiet Tuesday. 

Several thousand Greek-Cypriots de- 
nounced the concert as an attempt to 
distract the world from the Turkish 
Army's occupation of northern Cyprus. 

But Gustave Feissel. the Unitra Na- 
tions representative in Cyprus, hailed the 
concert as a success despite the vio- 
lence. 

“Not only did everybody have a won- 
derful time but they sent a message 
across the island which hopefully will 
show people the way forward,” he 
said 

Turkey invaded northern Cyprus in 
1974 after a right-wing coup in Nicosia 
aimed at uniting the island with 
Greece. (ARP, Reuters) 

■ Fugitive in Istanbul 

Asil Nadir, the former chairman of the 
Polly Peck conglomerate who is wanted 
for theft in Britain, reportedly arrived in 
Istanbul on Tuesday after he spent four 
years in the Turkish part of Cyprus, The 
Associated Press reported 

Interpol has issued an arrest warrant 
for Mr. Nadir, but a Turkish police of- 
ficial ruled out his extradition to Britain. 

“Whatever his crime is. the extra- 
dition of a Turkish citizen is out of the 
question.” the official. IhsanYihnaznirk, 
told tbe official Anatolia news agency. 

Mr. Nadir ran Polly Peck, a food and 
electronics conglomerate that boomed in 
the 1980s until it collapsed in 1991 with 
debts of $2.1 billion after investigators 
began probing irregularities in Mr. 
Nadir's finances. 

He faces 13 charges of theft from his 
companies in Britain involving £30 mil- 
lion ($47 million). 

A British Embassy spokesman said 
Ambassador David Logan mentioned 
the arrest warrant for Mr. Nadir during a 
meeting at the Turkish Foreign Ministry 
on Tuesday. The spokesman refused to 
give further details. 

Mr. Nadir checked into the Bosporus 
Pasha Hotel in the affluent Beylerbeyi 
district on tbe Asian side of the city, 
Atakan Guises, a receptionist for the 
hotel, acknowledged 

Mr. Nadir said recently that he would 
return to Turkey to take over his in- 
vestments in electronics and media. 


pressed U.S. officials to re-evaluate a 
mid- 1998 deadline for withdrawing 
troops from Bosnia, saying ethnic groups 
have not learned to live m peace. 

On the Nazi gold issue, both the u.a. 


A Family’s Fall; A Country’s Destruction 


1885 King Leopold II of Belgium takes 
control. 

about i«M Funicfi, the patriarch, is 
bom in a village in the center of the 
Belgian Congo. 
about iso Funidi moves to 
Kisangani and gets a government job 
as a street cleaner. 

1950's FunldTs son, Ambroise, later to 
be Alphonsifie’s father, graduates 
from technical school and becomes 
an agronomist 

1952 Funicffs first grandchild, Mauwa, 
is bom. 

1959 Funidi dies. 

1960 The country becomes indepen- 
dent There are celebrations in 
Kisangani and elsewhere. 

1965 After intrigues by the United 
States and other countries, Mobutu 
seizes power. 

1970 Londeke Funidi is bom. 

1972 Alphonsine Funidi, Mauwa’s 
cousin, is bom. 

1976 Mauwa graduates from college, 
the first Funicfi to do so, and gets a 


good job as a college librarian, 
initially paying $300 a month. 

1960's An ailing economy forces the 
Funidi family to sell its 
possessions. 

1982 Alphonsine drops out of 
school in the fourth grade. 

1983 Alphonsine’s father, Ambroise 
Funidi, dies. 

1965 Londeke drops out of school 
in the 7th grade. 

1990 Alphonsine gives birth to a 
boy, Patrick. 

1991 Londeke leaves, his family and 
becomes a diamond miner In the 
bush. 

1995 Alphonsine gives birth to a 
second child who dies of 
malnutrition. She begins work as a 
prostitute in the Take-a-Peek Bar. 
November 1996 Mauwa receives 
her library salary, now down to $12 
a month. 

fall 1996 A rebeirion in the east 
begins to defeat Mobutu’s soldiers 
and gain ground across the 
country. 


SUBIC: U.S l Discussing Return to Port 


TVNc* YwkThnw 


5W"- *“• “*'» STStiE! SSK 

“^ s m^gation turned up ev- compered to about MOO million now. 

idence the Germans feuding — ■ ■ — . — * — ■ — 

m Sdow ttjeweig ^■jtknrai Mmgs, fjjjffc fcasumi Kaikan Revels in Its Crusade to Preserve Tradition 

bars to fund the war. _ 

“The reports strengthen the case for 
looking constructively for ways to ^ b«t- 
efit Holocaust victims or their direct 
descendants.” the statement said. 

Mr. Cook fust suggested an inter- 
national conference two weeks ago. 

The declaration also urged the Tn- 


Continued from Page l 

Wives and daughters of members do 
much of the club’s volunteer and cultural 
work, though as nonmembers they are 
not permitted at the bar or pool tables. 
“If we were interested in money, we 


feels rather “chosen” because his 
younger brothers and sister are not eli- 
gible to become members. 

Tbe annual dues at file Kasumi Kaikan 
aremst $50. about tbe price of a hainniL 
The low fee is the result of a shrewd 
real estate deal made long ago. Shortly 


Hie declaration also urgea - .. » oner piece of art and buy a after Worid War n, a developer ap- 

Si'lritiih aud ju 

?^" ItiS0UrdU,yt0 “ 

its business as soon as possible. Abo^ ofthe mem bers are in their 80s, 

55 tons of gold, valued at $70 million JW*** ^ ^ js nirold Ijuin. 

SXc said Bri- 22. the eldest gmudson of a fonnet vts- 

tain and other European allies will not county n-aditional me fad- 

SWY after the Americans P ** 11 5np 5JJ av W g should make an effort to 

iSd aiJNATO nalionsto work h^der thrives for another 

to integrate the ethnically . IO 0 or 200 years.” said Mr. Ijinn, a 

• w*- Qnsnected war criminals s \^ ta Xk> University. He admits he 


nia and to bring suspected ’ 
to justice. 


their old clubhouse stood. Faced with 
financial troubles for tbe first time in 
their lives, the chib members struck a 
deal: They allowed the developer to 
build tbe 35-story building, but they 
retained ownership of the land, two 
floors of the building to rent out them- 
selves and the 34th floor for their club- 
house. 

Tbe building sits in die center of 
Kasumigase k i. Japan 's government cen- 


ter and some of the most prime real 
estate in one of the world’s most ex- 
pensive cities. 

A club genealogist is on band in case 
there is any question about a potential 
member's lineage, and a committee in- 
vestigates the character of those who 
want to join. 

Mr. Kuroda said members must take 
seriously their duty to pay respects to 
their ancestors and be of “good repu- 
tation.” 

Club members wear their cherry-blos- 


Continued from Page 1 

Presumably this would include stops for 
refueling and resupply. 

Speaking at tbe end of a four-day visit 
to this country, he said that Singapore’s 
decision to allow U.S. Navy ships and 
military aircraft to refuel, resupply and 
make regular use of its ports ana airfields 
since the closure of U.S. bases in the 
Philippines had helped American forces 
maintain an effective presence in Asian 
waters. 

“We are always looking for more 
efficient ways to allocate forces,” be 
said '‘Singapore is a great example be- 
cause it works out well for both of us.” 

Since the Philippines is “very centrally 
located in Asia,” Admiral Pnleher said, 
the U.S. Navy might use Subic Bay 
“more in tbe future than we do now” if 
Philippine authorities made a good offer. 

He said that while the United States 
was pursuing a policy of "constructive 
engagement” toward China, it would 
oppose an attempt by Beijing or any 
other power to “dominate” vital ship- 
ping lanes in the South China Sea. 

Admiral Prueher said that although 
China was modernizing its armed forces 
and might eventually buy or build air- 
craft carriers, be did not see that country 
as a threat. 

“The U.S. strategy and policy wife 
China is one of constructive engagement 
— which means dealing in a responsible 
way back and forth wife China wife the 
understanding that it is in U.S. interests 
and regional interests that China become 
a prosperous, self-sustaining nation that 
can deal with its own internal problems 
and challenges and be a contributor to 
stability in fee region.” 

But in a clear sign of U.S. deter- 
mination to defend its rapidly increasing 
trade, investment and other interests in 
fee booming economies of East Asian, 


each day, be said that fee United States 
was “committed to freedom of nav- 
igation through tbe South China Sea for 
all nations.” 

The admiral added feat a new review 
that reshapes U.S. armed forces for tbe 
21 sr century “should send a signal of 
great reassurance’ ’ to all countries that 
support a continued U.S. military pres- 
ence in Asia and the Pacific. 

Officials and analysts in the region 
said that Admiral Prueher’ s comments 
and the defense review, which was pre- 
pared by. the Pentagon and presented to 
Congress on Monday, should help con- 
vince Asia-Pacific nations that fee U.S. 
military will stay in the region for fee 
long term. 

Nearly all countries in East Asia, ex- 
cept China, say they want the United 
States to retain forces in the region to 
help mam tain peace and stability. 


Ankara Government 
Survives Censure Vote 

The Associated Press 

ANKARA — The Is lami c govern- 
ment won a crucial victory Tuesday in 
Parliament when deputies voted against 
a censure motion. 

The motion, supported by tbe main 
opposition center-right Motherland 
Party and two social democratic parties, 
held the Islamic government responsible’ 
for undermining Turkey’s secular tra- 
ditions and Western reforms. 

The vote was 271 to 265 in the 550- 
member Parliament 
Prime Minister Necmettin Erbakan’s 
coalition government has survived nine 
censure motions since coming to power 

„ . MesutYilmaz, leader of the oonositinn 

som lapel pins at all times — red ernes for Admiral Prueher said that the United Motherland, was fee main forOEapainct 
those over 80. gold ones for those who States was opposed to an attempt by the motion. The vote Tuesday cam^nlr 1 
reach 90. Hiroshi Komatsu, who helps China or any other power to dominate heavy Wow for the opposition Parties •* 
run the chib, said members ‘ ‘never talk the South China Sea. “Has governm e nt carried merrami*. 

about their family history to one another. Noting that an average of 400 large to an extremely daneerous 

Everybody knows who they are.” ships that supply Japan, South Korea and Yilmaz said, "bvdiviHin*™^ 

other Asian countries with oil and . VIQU1 S P^Vle as 

other vital supplies pass through the sea 


And everybody knows tne painful sto- 
ries that brought them here. 


faithful and unfaithful or as 
arm-secular.” 


as 

and 


rr 




PAGE 8 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MAY 21, 1997 


THE INTERMARKET 


71 +44 171420 0348 


BUSINESS OPPORTUNITIES 


INTERNATIONAL FRANCHISES 


INCORPORATE IN USA 
BY FAX OR PHONE 


■ Corporations and LLCs 
« Free name reservation 

• Foil registered agent services 

• Personal assets shielded 

• Confidential and cost effective 

• Attorney managed 

FAX: 302-421-5753 

Registered Agents, Ltd. 


Delaware 

Wyoming 

Nevada 

Utah 


$199." 
£285 " 
$380.00 
$270.“ 




; TEU 302-421-5750 
E Mali: corp@dca.net 
www.inctisa.com 


Wilmington. Delaware 19801 


AGENTS NEEDED WORLDWIDE 


Join the Leaders In CallBack 
Best Commission Strucure Best Bares 
So sign-up or Monthly fees Best Service 

Tel: (203) 3 1 6-8864 Fax: (203) 316-8867 
Email:sKtUn Itinera aoi.com 

Sat-Link Inc., 

Ln limited Income Potential 


Agents Wanted 
Worldwide 

30% COMMISSION OFFERED 


Non-exc!usive independent agents 
needed immediately in all countries by 
the Finance Merchants Group of Nassau, 
Bahamas to market our Class A interna- 
tional commercial banks and Class B 
offshore banks. 


A unique and profitable opportunity! 

FINANCE MERCHANTS GROUP 

Con Me! Ms. Anno Grocery 
for fur: her details end available banks 

24-HOUR GLOBAL COMMUNICATION CENTER 
Tel. (602) 230-4153 (USA) - Fax (602) 230-5214 (USA) 
BAHAMAS OFFICE 
Tel. 242-394-7080 - Fax 242-394-7082 


The PowerBarge 

30,000kw 13,800v 50/60hz PowerBarge 
Amiable in May of 1997 

Operates on No. 6 oil or Bunker C fuel with high vanadium. Produces 
75,000 gatons of potato water per day. includes a step-tp transformer to 
connect to your grid. 

7// 


Phone (405) 846-8383 Fax (405) 840-8999 

5600 North May Avenue. Suits 300, Oklahoma City. OK 73112 USA 


SUPPLIER OF WELL 
KNOWN BRANDS 





> COIffWif FORMATION - READY MADE 

• MAN4GSk&ff AND ACCOUNTANCY * 
■ INTERNATIONAL MX, LEGM-MD TWST * 

STOKES •SANK INTRODUCTIONS 9 
•ASSETPROTECTION •TMXSUPPQPT* 

• TELEPHONE AND AML fl3RVWWDWS • 

Free Brochure avaiaUe m EngbaM, * 
German and Russian * 

Intercompany • 

a Management « 

p-YOPXX Box 4431 • 

pJBBSy 6304 ZUO - Swftnrfand _ 
TP FK++41 -41 -7108084 
II, oral lqg (n te i co mpan y * 
imp^/MvaUnCBttoaiparTyxh* 


BARONIAL TITLES 


Since established in 1826 'Buttes 
Pe erag e" has published and dealt 
with me Aristocracy of Gc. Britain. 
To acquire an authentic ancient 
Scottish title with confidence 
contact us at Dept HIT 

Sulne 202, Albany House. 
Regent S*-, London W1K 5AA 
Phone/Fax: (44) 1903 700476 



NEW ZEALAND 
FORESTRY 
INVESTMENT IN 
LAND AND TREES 

Contact John Lagan 
64-25-343 931, Fax 64-3-474 150! 
email: wrighfcson@xtraxojoz 


Master Franchises Available 


IHSIB 


l -'boM TicfyCar 

===== ■_ Will 

• iw,'i 


Ziebart TidyCar is the recognized brand name for a suc- 
cessful automotive aftermarket business in 41 countries. 

Professionally applied and installed products and services 
for Detailing, Accessories, and Protection are our sped ally. 
We meet the strong consumer demand for cars that look 
better and last longer. 

Extensive initial and on-going training, marketing, adver- 
tising, and technical support is provided. 

Master Franchises are available to qualified individuals or 
companies looking to dversify. For more information, please 
contact; 

Ziebart International Corp. 

P.0. Box 1290 • Troy, Ml 40007-1290 USA 
TEL 1-810-588-4100 • FAX: 1-810-588-0718 




IDEA OR 

7' *f ^INVENTION? 


*,» ...men 

America's leading product 
d e velopment company is Interested 




1 Harlay S treat, London WIN IDA 


+44 (0)171 «43(>* 1 1 27 


THIMAIIOri l»Al’ 


A Franchise System That Works! 


i ' li is very easy to understand the reasons why 1 chose 
BMS Technologies for my professional career as a 
Master Franchise owner. BMS Tech's highly developed 
technology allows superior quality of service in the areas 
of cleaning and restoration/ 

" But, it is not possible to do such a jab ss an individual, 
a support team is needed. This is where BMS makes the 
difference: a phone call, an e-mail and all the franchises 
around the world are at my disposal. It's wonderful 
when we can keep our individuality and, at (he same 
time, be part or this organization. 

The best of two worlds!’ 

Far nan btpmmathm ceil BS Sims at W ILT C Ti nJiiMi foqlca , 

1 - 817 - 332-1575 



Fernando Brcrha 
Portugal 

Visit Our 
Web Site Ah 
vww , £ tea m a ti c , c o m 


THE COMPUTER TRAINING 
INDUSTRY SHOULD DOUBLE 
IN FIVE YEARS. AND ONLY 
A HANDFUL OF PEOPLE WILL 
BENEFIT FROM IT 

jA Between 1995 and 
-200 ° . .jdSf 2000, computer nain- 

~i99o ing is expected to grow 

to S27 billion. And 

“ 1MB as the industry 

_ 19S7 . leader, we're ready 

to help the right 

individ uals take advantage of aQ that potential. 

If vou have the financial qualifications, the 
./ entrep rene urial spirit, and if you're willing to follow a 
proven system, there are prime locations still available. 
For more information, contact Thierry Gourdon an 
phone: +33.(0)3.44.58.51.90, fax: +33.(0)3.44383930, 
e-mail: 754 1 1 .433@compuserve.com. 


New Horizons’ 


Comcbiv Leersms Cmi»h 

;g,T Sen Hc=i>xa Cv^iuii Luntuif Ctntm. lac. AD agat nmd 
i Itecjm if a nrpso ri tUi-o cIi of Ken Hctomb Cwp 



JUST PUBLISHED 

International Herald Tribune's 
International Franchise Guide 

UYIERIV4JTOIVAL MASTER FRANC HISE 
& AREA DEXELOPMEYT OPPOKTlilVmES 

Tin; drfnitire guide devoted solely to international francliisdng.' 
Detailed, up-to-date profiles on the world's leading international 
franchisors. 176 pages. L SS34.95 (in dudes Slipping) 

Send to MT Guide. P.0. Box 12488. Oakland, tt 94604 Cush. Moon Order, \ sa 
or M/C bend Acct r. Emir. Dale & Approval Signature). 

Tel: (510) 839-547lor Fax: (oft) 5473245 . 

E-Mail: sourcebooklgearthlmLnet W rtiwt e rwww Jraneh iseintLixi m 

Hcral^^feSribmtc 


TELECOMMUNICATIONS 


Save up to 80 % 

O N I. i. 

International Calls 


Fprpi Remote P r ogramma ble Service, Speed Dialing, 
FltCCi and Personalized Voice Prom p t s 

No Startup Fees • IMMJnpal Operators AotaUe • Enalqrfimia 
24 hoas/day; 7 days/week ■ Meet lor Home, Offia, Hotel, Fax, or Cdkte-Ptnon 


SEE QMI MCKEDBLE WOES TO THE 1L&4 

ILK 2XC SWnZERIMV)37C 

FRANCE 35t TOY *jm 

GERMANY 37t EGYPT 99* 


"""ATTN: 

CALLBACK 

AGENTS! 

CcSwCTDEHNB 
201-928-2888 


Call Nancy at 44.171360.5037 Fax: 441713605036 

eroalh tribinie3€B C WWur fdU l«UMm btlp^/imm*jMWWurldt chu ca«B 


Fv«ddvnpiypMNi 


IT liiif liii "1 i'li'l il'illYT’ nil ■ 

j :? T r N E •' K >1 • SUITS i J • T I A l •. 


NE4CMSB] 


BUSINESS 

SERVICES 


FINANCIAL 

SERVICES 



Offshore incorporations 
available from US $250. 

We offer: 

• Banking services 

• Investment accounts 

• Secured Credit Cards 

• International Research 
Market Reports 

• Translation Services 
(French. Spanish. English, 
Italian & Portuguese) 

Tel: +34 - 3 - 950 4305 
Tel/Fax: (604) 878-1418 
E-mail: bogari@mpsnetxomjin 


READERS ARB ADVISED 

that the International 
Herald Tribune cannot be 
held responsible for loss ar 
damages incurred as a 
result of transactions stem- 
ming from advertisements 
which appear In our 
paper. It is th eref oie rec- 
ommended that readers 
make appropriate inquir- 
ies before sanding any 
money ar entering into 
any binding commit m e nts . 


Import/Export 


BUYMG OUTLET FOR THE LARGEST 
Trading Companies Branded & Luxury 
goods. -Fregrancestawnetics. wfcftas, 
pens, chrawara crystal, handbags, 
optical banes, sunglasses, fine cJgas. 
Gucci, Teg Hauer. Carter, Wadgewcd, 
SwaravsW. Herend, Ferragamo. Praia. 
Hernias, etc. Please Mfiflac TRADING 
DESK Tel: USA +J-212-607-0B73 Fax: 
USA +1-212-807-9058. AH cafe treated 
wtfi utmost confidence. 


CASKETS 

American Cask* for amort 
Become a representa#!® 
For kdormsUofl fax in Hie US 
(603) 928800 


DOMINICAN CIGARS. 9 styles, Hand 
rolled, volume purchases only. 
Tstetex: USA+854-474-3fft6 . 


GENERIC CIGARETTES, American 
Mend tobacco, lowest prices, private 
bbalSng available FAX USA: 1 (954) 
474-3868 


LEVI Sffl'S. Used and Ne». Quatay 

a dirad hom the USA Honest and 
B Far 5CM2M749 USA 


■MAm-' 

The Mark of Service 


jjggj* 


( International 

Corporate & Trust) 
Contact 

Tony Gould i Alain Albert 
Tel/Fax: 

+ 44 (0) 1624 616007 / 616006 

E-mail; aid eia ©enterprise, net 


NOAMEX INC. 

LARGE GRADER OF USED CIOTWNG 
For women - men - cTidran 
PfQIIUM & DOMESTIC QUALITY 
Deal JEANS & 0ENU JACKETS 
Export tug bales, smal bales, boxes. 
ATOCA. ASIA. EUROPE. MIMAST, 
CENTRAL 8 SOUTH AMERICA 
TATI 8-342-2276 Fax7 18442-2256 US 


USED LEW SOI JEANS - AR colors & 
grades. Rv price let FAX: 801-561-3848 
USA RECYOEWEAR. 


Business Opportunities 


Aston Corporate Trustees 

19 PHI Road, Dougta, He of Itan 
Tit +44 (J) 1624 628591 
FBB 444 (Q IBM 625126 

London 

Tab *44 U) 171 233 1302 
Far +44 T0 171 233 1519 

E Uak asMenterprisejiet 


HANUFACnnBI OF A FEV0LUTI0N- 
ARY PRODUCT tor the AUTOMOBILE 
AM} THE ififiUSTRY Is seeking Import- 
ers and t ihneli o n al distributor for a » 
bSy original and veflr pradtriita concept 
Contact EimOPOUTAN, SL in Barcelo- 
na (Spain). Tel/Fax: (343) 436.34.43. 
e-maA cosrmOHfr.BS WpJtsnwMv. 
estocowW 


TERCOHM B SSKKG 
bminess people wih caprioi, 
ertbusasm forgmuth. 
Ftmaal and conxnaoal actvtlies 
rfLB.LF.G0, .0. 

For ritormattw: Tat +31)0)20 4217462 
E+naft: tanaimeeumrirt 



Start Saving on Your 
International Calls Now! 

- Premier Telephone Services • Lowest Rates Ever 
1 24-Hour Customer Service a AT&T Fiber Optic Networks 
• Great for Home, Office, Hotels and Cell Phones 


Call Now for New Low rates! 

Tel: 1.206.599.1991 
Fax: 1.206.599.1981 

Lines Open 24 Hours! 


The Original 


1 Sales Agents Wanted 


kallback 

417 Second Avenue West* Seattle, WA 98119 USA 
http://www.tallback.com • Email: infoQtallback.com 


HIRED HAND _ 

or GLOBAL HFM 
PARTNER? Wr-lSl 

YOU CHOOSE Ax a TaleQ rj agarc yrnTra a aue partner n a full sarnica. mridwide 
laiecomnumcanoni aBianca. Jem ut m marKaong superior callback service, lower ram PBX 
letocom equipirent. pariplwals and IPLs — with global suppon end a share of the praffel 
Agants w agent reenran ccntaa Telefl today. _ _j L _ 

WWW.TELECL.COM ^ ^ I elB j^ 


JSA: 6'C.35 ; -. SOTO f-xt. ??3 F«x: £10-35^.9352 E-mj 


OFFSHORE COMPANIES 

READY MADE CO'S, FULL A0MW 
TRADE DOCUMENTS AND LU 
BANKWG & ACCOUNTWG 
CHINA 6USff£SS SBW1CES 

Cored Siena Ho tor inwa fe lB 
services & company brochure 
MACS LTD, Room 1106. AUon Plaza 
2-6 Granule Road. TST, Konlocn, 
Hong Kong, e-mail 1 nacsGhic supernal 
TeL 852-27241223 Fax 27224373 


SANATORIUM, 40 ROOMS, 
Bqundan possible, passWy okl peoptf 
rasidence, UeaAr stuaten In BLACX 
FOREST HEALTH RESORT for sala 
Fax Germany: +49-7061-76003 


HADE n ITALY, EXPORT FROM ITALY 
every kind of consumer goods, toed- 
stills, lumdure. equpmert. todmokraes. 
C.W.O. [cash wnh order) with LC + 
F.O.B. system, orty. Best guafty/prees. 
iBrrtze your request to: C.I.GJ. via fax 
+39.434 S2692 


2nd PASSPORTS / Dnvcg Licences J 
Degrees/Camouflage Pasqjcns/Secrat 
Bank Accounts. GM, P 0. Box 70302, 
Athens 16610. Greece. Fax 8962152, 
lri|r,lhnm.giDOaknQneycom 


HTL SOCCTY OF FWANCCRS 
Networking lor MMme prafessxwats woh 
projects for hnfing ar hnlmg tar 
proMds. FREE Atmalled Report. 
704-252-5907 Fax: TOMS I -5061 USA 


ATTENTION 30+ countries. Si triton n 
1 to 5 years 400+ rnfanases already 
created. Adherers & busmsss minded 
people. Tel/Fax 44(0)1582 <53381 


AUTHOR OF A UNIQUE STORY for a 
fabulous Wdslero, seeks confident film 
Producer or Diredcr. Reply Bax 0363, 
I.H.T.. 92521 NeuBy Cede* Franca. 


FAMOUS DISCOTHEQUES OFFERED 
2 war, Targe successful franchise outlets 
hi Singapore and BaL Avriatia m May 
Onres 1 rettrinq. Fax (65) 63* 03K 


IMPORT A EXPORT COMPANY IN 
LAUSAMC seels a partner, t you are 
Maraud please lax + 41-21-601 or £ 


Business Services 


GENEVA 

SWITZERLAND 
Fufl Service 
is our Business 

' International law and taxes 
'Mattox, Heptane, telex and 


' Translation and secretarial serwas 
* foimawi. il omici a l i on and 
admlri straHon d Swes and foreign 
amtBnas 

' Funstrad oftces and cortsrera 
rooms for da4y ar monthly ratal 

nd confidence and risn^on assured. 


I; lo! 


SERVICES SJL 

7 Rue Muzy, 1207 GENEVA 
Tel 736 05 <a Tix 413222. Fax 766 06 44 


ASSET PROTECTION 

Offering a unque rar^e of servees to 
overseas investors in Canadian private 
corporations, real estate and porttofto 
investments. Our firm specializes in 
pitmtfng management end stewardstvo 
overview bretfons tailored to die speafic 
ragu sanerts ol ovaseas owners 
For more Mometkm. please corttacc 
L Grumuld CJLA.CA. (U JL) 

Fas Qrada .(416) 9554783 
E-Mati gnumld§fatar.ca 


US COMPANY, penairung to a Group 
etiabfehed 30 years ago, win sows al 
types of US manufactured goods and 
materials tor a modest comsskn. 
Brasvit lUSA). Inc. (Miami). Tel: 
(305)374-2828, Fax: (305)374-9151 
E-Matt roWBetanecinei. 



THE VTORLCTS DAID NEVSRVPER 


If you would like to receive further information on any of the 
advertisers who appeared in our International Franchise 
Sponsored Section -April 25, 1997, simply complete this coupon 
and send to: 

Judith King 

THE INTERNATIONAL HERALD TRIBUNE 
850 Third Avenue, 10th Floor 
New York, NY 10022 
or Fax: 212-755-8785 
E-xnaihjkizig@iht.cozn 


Tickbox [ ll. Lox of Bagels 


1. Atphagxaphics 


2. AFC (America's Favorite 

Chicken) □ 

3. Bhxnpie □ 

4. Change Plus □ 

5. Fastframe □ 

6. Franchise Magazine □ 

7. HCM (Hair Club For Men) □ 

8. HT Franchise Guide □ 

9. Intele Travel/Mr. Kahn □ 

10. Jatta Press □ 


Name: 

■Kile: 

Company:. 

Address: 

City: 

Country: 

Tel: 

Faac 


12. New Horizons 

13. Radio Shack 

14. Signal Graphics 

15. Sir Speedy 

16. Steamatic 

17. Studebaker’s 

18. Swisher 

19. Tflden 

20. Travel Network 

21. Unigltibe Travel 

22. Ziebart Tidy Car 


21-5-97 


YOUR OFFICE M LOM70N 

Bond Street - Mai, Phone. Fax. TbIbx 

Tat 44 171 499 9192 Fax 171 499 7517 


Telecommunications 



INTL CALLBACK 


SAVE SAVE SAVE 


AUSTRALIA 

CHINA 

GERMANY 

ITALY 

JAPAN 

KOREA 

NETHERLAMJS .. — 

SPAIN 

UK 


SB2i 

-S184 

5026 

SO 33 

SO 32 

50.70 

£030 

SO 38 

5021 


Callback Agents Wetoomei 

ULTR^NET 


TEL 718-78^2100 
FAX’ 718-488-5888 


WORLD xCHANGE, an intemaiional 
Weptane company, a seeking a IxgNy 
motivated managteg diiector wtti tete- 
amnutilatim vpenence to manage 
oui operations in Pata. 

The successful candtoau wffl be respon- 
sUe & and oparaig a satellite office m 
Pans. Duties fodude addressing buEmass 
opportuntiee, developing prong strate- 
gies, completing sales obiecttves/lore- 
casts, PSL responsiMiiy and alt other 
aspects of operations. Requires strong 
knowledge of mtemahonsl tumees prac- 
uces and accounting (including PAL 
statements A balance sheets) and 5 
years directly refated job experience. 
Musi be bfingual (Engfeh-Frerch). 

To apply, please mail resume to: 
Lrda Cordon. WORLDxCHANGE Com- 
murtcaUons. 4350 U JoSa Vlage Drive 
*100. San Deqo. CaHorSa 92122 USA. 
You may also FAX resume to. 
(619) 625-5500 or send via iniemei to 
Unda GandonGwtHSscom 


Business Travel 


Ist/Buslnesfl Class Frequent Travelera 
WbridwWa. Up to 50% m. No coupons, 
no restnetfons. Imperal Canada Tel: 
1-514-341-7227 Fax: 1^514341-7998. 
e-mail address; irnpBnal@togta.nei 
httpAnmJogJnjMfiaqHiial 


Security and Surveillance 


ANTI- TERROR ISM EXPERT, equalizer. 
Personal protection. Tet France +33 
(0)6 0809 1479. Fax +33 (0)1 <270 7565 


Banking 


COMMERCIAL KTL BANKING LTD 

CREDIT 

WFO: FAX +30 1 32 43 5ZT 


MAJOR BANK ISSUES CREDIT froffles 
L/Cs, SBUCs A Blocked Funds. Fax' 
London 0171-4956938. Phare 493393* 


Capital Available 


CONTROL 

AN ENTIRE COUNTRy WITH 


Master' Rights Opportunity 

nih over 350 tactios in 13 carte. 

Mbs nr Eaecs it UK June Z7-2B 
Stephanie Abrams. Exec V. P. 

Tel: (201) 567-8500 ext 23 
Fax: (201) 567-4405 USA 


AFC Enterprises. 


2,300 locations in 
27 countries. 
Make yours next! 


800 848-8248 ext 81 

or 770-353-3363 ext 81 


Muto-utft territ o rial agreement preferred. 



BUSINESS IN 
BRUSSELS ? 

For a week, a month 
or longer, 

business apartments 
with every facility. 

Contact Jacques at: 
Brussels Hilton 
Residence 
Square Ambiorix, 28 
B-1000 Brussels 
Tel: (32 2i743 51 11 
Fax: i32 2) 743 51 12 

u ...your home for 
business " 

Minutes /nun the Eurupnfin 
('tiiiiniLsKiiin and Farhamriif 


FOR PROJECTS 
W APPROVED COUNTRES 
Funding pi Bart Guaivitses and 
Otter Finance! Instalments 
Lws of Ctedi re Usrteabte Seams 
Wn. S10 Union USD, No Max. 

ALSO. ASK ABOUT THE 
SWWRCANT CONTRACTED 
RETURN S AVAILABLE 
FOR PARTICIPATION H SLC POOL 
Min. 66 Million USD, No Uol 

bderrartonal Funding Services, ktc. 
1-904-280-4646 Fax 1-90+2804647 
Web: www.fe.org 
E-Mai funtfingefe.org 


anolo American Croup 
— 

projkt fwance 
VENTURE CAPITAL 
GLOBAL COVERAGE 
NO MAXIMUM 
BROKERS WaXOME 
For Cwparae Brochtre and 
normabon part 
Tet +44 1924 201 365 
Fax: +44 I9S4 an 377 
Ygu are welcome to rat ua. 






























































^business opportunities 


±vj± l' - 

ravy • 
iwarusi 
a Mter. 

*:tt 


-• T: -“-r. i Cro- 

^ J| ' 

, .■ ^JT; J r ,„ 

"■ »f.“ 

.■;..'T.”- . i; ‘ i 

r7.V».?: av ?*«ite 


^*™_Hori- ons 


V 0 mj ^CAm ? i ; joj N T VEWTURES 
•♦^Q-ECT RNAKClNG 


<®> 


Tet +4* 113 2727 55fl 

Fta *44 113 8727 560 
^«arem requested pn~ x 
an Dtte' Cl tinting bang mate 


^revocable bank 
RESPOMSCLE FUNDING 
against suitable guarantee 
MWMUU (JSS1WWUKB ’ 
TYPICAL COST 5* , 

AMOUNTS 
wrjsk deuveby 
FOR MEETING FAX 
*« (0)17l 470 7205 


COWEROAL FUNDING 
™ ALL PROJECTS WORLDWIDE 
Venfise'EQujy Capeal 
Busmealem Leas 
&ote anoumes wetor* 

ETHC INVESTMENTS LTD 
FAX +44 (0)115 942 7W6 

finance” 

av * at *! B tojany vraWe projects rswirt- 
r&x brief 


NONRECOURSE FINANCING 

AVAILABLE FOR INTERNATIONAL 
PROJECTS ANO KVES1UENTS 
HAVING SATISFACTORY CREDIT 
SUPPORT OR GUARANTEES 

Brokars Protected 

PINNACLE CREDIT 

Tet- (416) 60 1 -2270. Fee (4161 601-2290 
Toronto, Canada 


"IMMEDIATE A UNLMTED “ 
Capa) avadatfe for 
AIL ousmess projects 1 
WIN U.S Si nJjnomui 
HI Busress Caw AW 
(717) 397-7490 (US FAX) 
mp^wwjnlDusconxoni (Monte) 


TRADING PROGRAMS 
FUNDS BLOCKEDfEXCHAKGED 
StMMWNUM 
FAX: 00 44 |0)1B1 810 0540 


GULF BANCOR LTD tor futing a> | 
Ads Fax MB 466295, P.0 I 
331 4330 AJ VHsanger - ML 


PROJECT FINANCING 

Venture Capti - Jam Venues - 
No Maxmjm - Brokets P/oeaed 

RJJ. international 
T eh 001-242-363-1649 
Fax: 001-716-779^200 


FUNDS AVAILABLE 
For Invesonem Prorpams 
Proof d Funds Arwiatt? 
Through Account Holden at 
Seven OS. & European Banks 
(212) 75W842 Fate {2121 7SW221 
Aiurney'B & Brokets tnvAacI 
375 Park Aw. NY. NY 10152 USA 


IKHEDIAT BANK LOANS FROM Sill 
Bank references avatotae Pnrcpals or fly 
I Broker nqutoes alsa wefcemed TeVFax 
44 |0j 1303 249 209 


Financial Services 

CONFIDENTIAL SWISS Bank Accounts 
opened also prime bank guarameesfef- 
tera ot cteda. tranctel n&iwcB guaran- 
tees, bank rebimeMs discounted. Off- 
shore companies termed, company flora- 
dons. Fax 44 (0)17! 495 6144 


FUNDING PROBIBB? 

fra 

SOLUTIONS 

Ccrad 

BANCOR 

OF ASIA 

Bankable g-jarartees to secure funding 
ter viable projects 

VENTURE CAPITAL 
EQUITY LOANS 
REAL ESTATE 

Long tern coSatsrai 
Supported Guarantees 

Fee (6321 8109284 
Tel: (6329 8944358 

iConrflsson earned oriy upon Fun#igj 
Brokets Commsaon Assured 


FUNDING COWimiEHTS 
ISSUED BY MAJOR BANKS 

FOR FUNDS FIRST TRANSACTIONS 
Tet 561-637-4363 
Fax 551-637-4364 USA 


WORLD WIDE FINANCING 

'CoraneroU Mortgages 
•Venture Capital 
■Stuck Lorn 
"Project Furxflng 
■Letters of Croat 
' Accounts fecctofafc Ftemctng 
■Prwete Ptec et uoo t 
"Puttie Sheds 

Tel: (212) 7584242 
Fax: (212) 758-1221 
Brokers Vteco-re 

375 Pa-n Aw MY. NY 10152 USA 

Refundable Hera ear 
Syreflmes Required 


FINANCIAL GUARANTEES 

instance . RensuranM oachad 
juarartees ter quaffiw 
baseless crojess 
Tet 561-938-3222 
Fat 561-595-3226 USA 
rrofsrooip 6 wittneiaina 


Financial Investments 


SAP FUTURE* TRADERS! 
•*C-DT NOW AVALABlf M 
EUROPE A ASM 
MAXSAZE PROFIT POTENTIAL 

■Jr.y.t Trader Assist Program rS now 
^e-> i;r a i-Tbed number ol rnwaorc. 
Proven iraa raartt Contact system 
Stetsae ter rare eto et 

Td 561-776-0895 Fax 561-77HW 
E-aaih jtanrtJaoU«n 
Creative Breakthrough. he. (USA} 


INVESTORS WANTED 
EsEfir-sbec USA. Company-- Smng 
\‘irte. -.r Ec xrcronai Vidas t. ESL 
Reco-ts Invesin id France Expanaaa 

CaB or Fax iff mqufries; 

Tel: J-3QS4404W 
Fax: 1-SB1S8M220 


FOREIGN EXCHANGE CUttlODtTIES 
F \AMCIAl 5 Fuav LICENSED FW- 
VATE ACCOUNTS. TEL: IT) 972 702 
5641 FAX. ill 8S 494 5213 


Diamonds 

ROUGH DIAMONDS. We vJi pay nstant 
cai^ ter gem quimi. Atrcan ongm. 
Iieiw :p.V Fax. 354 474-3355 USA 


Serviced Offices 

World-Wide ,- 771 ^ 

Business Centres 

Network ® 

START YOUR 

BUSINESS TODAY! 

Bu5iwss addresses, tofited offices, 
meang factoes in: Austria, Wgtam, 
France, Germany, Greet Britain, Italy. 
NeBw rtm ds. Portugal, Swibertand 

Please conacc Sates Office m Zurich 

TsL 441-1 214 62 62 
Fax 441-1 214 65 19 

E-maA wwbcn.nmdi 0 btue«u 3 i 
watt tnw.wwbcnxh 


TAX FREE HAVEN 
ri the heart at Nassau 
Prosognus Office Space AraSaWe 
Secretenal Sentces. Prwate Phone 
A Fax Conteience Room 
FtAPan-Tlme OAce Rental 
Tet 1 -242-356-0444 Fax 1-242-326-3555 


YOUR OFFICE IN PARIS 

b ready when you need tt, 
even lor a con* at bours. 

* FuSy tunatonal modem offices 
and coherence rooms to rent by ihe 
hour, day, roorfii etc— 

1 Your taocai or pemanent base 
' Presage matag address. Al sennees 
BSE — 

91, Fg St-Hondre 75008 Pills 
Tel *32 (0)144713636. Fax (0)1 42681560 


COMMERCIAL mn 
& INVESTMENT dpt| 
PROPERTIES m B 

Offices for Bent ' 

SWITZERLAND - CITY OF LAUSATWE 
Iran 1500 to 1DD00 sqJt on one floor. 
Ftdy etespped. modem enwonroard. FiJ- 
ly furnished icpwnaf). 8 you are thinking 
ol irtovng your business or HO to the 
Late of Geneva regon, the s the oppor- 
tuniy to be operational mnedoiely! Fast 
access GVA xrH anpo n ExceSam and 
safe emnramert tor expao. E^enoxed 
professional avariable on site for tnoi- 
ness and eiqjats rebcason. Cell *+41- 
21-341.14.14 or +-41-21-31BR1.17 or 
amai )DD5Tl 22336 orwjsemxim 


ST blished ^ 

UU-rnaiiony), HtraM Tribune 
Imiemniuma! tranchi.st> t tU id P 
IV’ VnO VU . M V>iTEjR FRnrm, 


+jH'x'sxae' •. __ . “"‘rt'hi*. 

,4=ji'« . “*i nr—Tjiv/ 

^.r-y '.Tv : -!r * 


GENERAL 


Announcements 


Attention visitors 

fronUteU'S! 


V-> k >; t. ^ .. 

Hrralb^ 


tribune 


nf of fhe 

Mchift* 

m ccip-zc. 


HC 0 NTROl 

3 A '* 

3 WAKHMT 

=, ? h:s Opjans 

: s ■■ : .;v J 

:S Zzszri'4 /C-tt-iBr 

2 Te sr-ssoc a: 

5 Fa* :;v5S?-W3i3 


ATC Etttepil 


; II you enjoy reading the IHT 
when you travel, why not 
also get it al home? 
Same-day defveiy available 
? in key U.S. cities 

? ‘ Call (1) 800 882 2884 

-* f" Yorjr ORM27S2 3890) 

l\. Hfralb^^.eribunc 

' ■ WljWlgVQjg VHjWU 

•_ 

^ VIENNA, AUSTRIA. let 713 - 3374. 
*. Are you sad or worried? Lonely or de- 
~ pressed? Are you ttepaeing or 8uddal7 
a hates to talk about 1 Phone: 
BEFR0IDERS h total cooMsm. Mon- 

Fd. 930 am - 1 pm and every day 630 

pm - 10 pm. 

LEGAL CHILD ADOPTION from South 
"*• America. Quick S efficient procudems. 
Backed by legal consuteng. Tet 972 





8004M»^24S^ 


business 

apartment 


LONDON - PARIS 

THE FWEST A THE HOST SINCERE 
18 - 36+ INTERNATIONAL 
BEAUTIFUL A ELEGANT STUDENTS 
SECRETARIES, AR HOSTESSES A 
MODELS + 

AVAILABLE AS VOUR COUPAMON 
24WJS SBIVICE WORLDWDE 
Escort Agency Cietfl Cards Welcome 


» > » Ex It’ 


0171 589 5237 



LONDON PARIS NEW YORK 

Switzerland BanekttCote tftejr 

MTcRNAHONAL escort service 

++ 44 (0) 7DO0 77 04 11122 

Bs 30 at-ster.com 


SWTT7ERLAND-GEHUANY-BELGIUH 

++31^0-427 28 27 

a*fd>45ene«^88^D»™s- 
F y lrfduiH * to W fB rf ) 0de|>^^ 
BaiihDiBBldorHiunidhBertn- 
Braoeta- Antwerp + A:-Vlsnna 




fflors wof socffrrvewwPAms 

COTE DAZlA 1 ’ZLHCt , rG 9 FWNCH 

Hsmaflorn] Escort S Travel Socvfce 
Vienna -M3-1-63541D4 al crafi cants 


BAREIIE AS 24 

AU 21 MA1 1997 
Prix Hors TVA en devise locale 
(traduction dsponUe sur demande) 
Remplace fes baremes antensus 

FRANCE (zone C) en FF1 - TVA 20.8% 
GO: 3.72 FOfT: 124 

SC97 5,40 SCSP: 521 

UK enfl-TVA 17.5% JfaJ 8%) 

GO: 0^231 FOOT: 03476 

ALLEMAGMS (zona I) Mil -TVA 15% 
ZONE / ■ G : 

GO: 1.06 

ZONE ff - 1 : 

GO 1.03 SCSP Ml - 

ZONE tt - F: 

GO 1.03 SCSP: 1,41 

ZONE N • F: ‘ 

SCSP: 1,41 

ZONEJV-G: 

GO: 1,05 FOD: 0£1 

BELGIQUE en FB/I - TVA 21% 

GO 2107 FDD: HUB 

SC87: 3122 SCSP: 3134 

HOLLAMS (zone?) MGfl- TVA 173% 
GO 1348 FOD: 0.795 

SC97: 1,787 SCSP: 1745 

LUXSffiOURG en UJFfl • TVA 15% 

GO 2230 

ESPAGNE (zone ^ en PTASA-TVA 16% 
GO 63,10 

SC97: 10135 SCSP: 10141 
* Usage re^Bmeme 


CHIC- VIP 

■IIHWATIOHAL ESCORT SBMCE 

LONDON PARIS NEW YORK 

Cota d'Azur Gammy Prague 

++ 44 (0)7000 24 28 91 
' mfo 0 chic-vip.com 


Wortfs first S Moo E&fuefn Sente 
Modate, Beauty Qucm, Accesses 
M u TOnq u al Travel Companions 

Hdqtrs. 212-765-7896 NY, USA 
ofteOMtanrtuM 
Rated "Beet to New York" by New York 
Magazine. Service wmttmde. 


VENUS IN FURS 

24HR WORLDWIDE ESCORT SERVICE 

LONDON 0171 382 7000 

AD cads. Advance bookings wfcome 


L£Cmi 

THE ESCORT AGENCY 
LONDON 24 HOURS 
0171 588 0059 

aqpto the bast to Me world 
Cffiti Cards Accepted 


PRESTIGE ESCORT AGfflCY 

BdrauaL PARIS & GENEVA Switzerland. 

Contact dreedy agency In French 
Tet 0041-22-9295794 daly 


• ADORABLE GENEVA ESCORT * 
Discreet WARM Escort Service, 
fcl 022 I 321 .99 61 


ADCS BEAUTIFUL CHARMING BtanL 
p ro poses Private Escort Sendee. London 
Fet 0956 659862 


AMSTERDAM * DREAMS ' ESCORTS 
and Dinner Date Service for Hm or Her. 
Tet +31 ( 0 ) 20 - 64 02 666 / 64 02 111 


ANGEUOUE - VIP Escon'Semice 
London 0171 569 9540 
Credit cards accepted fete righl 


The international Herald Tribune 
Would Like To Welcome 
Everyone To The 
1997 NAFSA CONFERENCE 
IN VANCOUVER, B.C. 
Please Come Visit 
The IHT At Booth #711 

Legal Services 

AMERICAN LAWYER ZURICH 
Complete professional service lor all 
rammerpaL business, real estate and 
USA investments. All your Interests In 
America under legal management. Over 
25 years experience, 10 Iran Zurich. 
Purvnes & Associates, teternatfmal Busi- 
ness and Legal Consultants, Loren L 
PurwiBfi. JuriB Dr. Fax +41-1-625 6234. 
Tet: +41-1-625 6232 

DIVORCE 1-DAY CERTFED 
Call or Fax (714) 9S-6695. Write: 16787 
Bead) Btvd. 1137, ttrtirgon Brsdi CA 
92648 U£A- B+nei - wsorm§jtmcom 

DIVORCE IN 1 DAY. No travel. Writs: 
Bax 377. Suobury, MA 01776 USA. Tet 
508W436387, Fax: 508/4430163. 


For Sale & Wanted 

WANT to buy a good IBM electric type- 
writer. Enofisfi keyboard. Cel mommas 
T«L +33 (0) 1 42 22 47 87 


AMSTOCATS Escort Service 
3 Shaakham SL London WI 
9171 258 DOW 


HIGH SOCIETY 

ExacuNw Escort Serein 
Geraeny, Paris, New York, London 
Tat London 0171 266 1(03 


ELITE Escort Sendee 

.fCW YORK CRY 
VB00-464-6667 


•GUYS & DOLLS ESCORT SERVICE 
MILAirROME'ITAirLONDOfTPARIS 
BRUSSB51UGAN01UDRID1AJNICH 
DTJOTFTFWT^TSARTVIBjNAl.YDN 
COTE D'AZURHARBELLA'GLASGOW 
Tat *39 (0) 338 B52 3788 CM Cards 


IBLAN * ITALY * TOP CUSS 

Ma Escort Semes 39/ M4&22577B7 


SLYER STAR ESCORT AGSKY 
TEL: ++ 44 (D) 7000 74 57 87 
EMML WoDstetarcocn 


EBONY A IVORY Escort Service of 
He al ww & London Equate young h- 
des. 24 how seme avatetfa. 

Tet D7B1 7D7 3787 


HARMONY A NNA. SPAM 

EXCLUSIVE Top Escort Sendee. Er 
Madnd-T* +34-1 386 35 660)8 61 
Bststona - Tet 34-3-296 66 96 


BERN, BASa, ZURICH 
Escort Service. 

+077/88 55 05. Al cards. 


BLACK BEAUTY ESCORT SERVICE 
Exclusive Elegant Educated A Friendly 
London & Heat™. 01819082261. Cards 


Real Estate 
for Sale 

Paris and Suburbs 

PLACE DES VOSGES, 30 sam. defcra, 
furnished. 2 rooms, quiet, bright, fire- 
place. bathtub. Owner. +33(0)1 42409262 

Real Estate 
for Rent 


Paris Area Furnished 

NEAR PARK MONCEAU - Very bright, 
sunny, lum nous. From 1st June u> 
10th November. 115 sq.m. apartment 
Living room + drinng room + bedroom, 
targe bathroom & large kitchen FF9.500 
per month hdudira charges. PossMry 
to rant garage: FH70O per month. Tet 
+33 (0)1 42 67 02 31 

15th - Magnificent Obl «bw on Para A 
Eft* Tower. Ia» UICSCO. 100 ayn, 
2 bedrooms, tag 40 sqjn. reception. 7th 
floor, newly furetadfequnped. rlgjaxte, 
carteater. Parking in buanng. Tet +33 
(Q1 45 66 46 36. 


CAPfTALE " PARTNERS 
Handpicked qualy apartments, al sizes 
Paris and sububs. We Wp mi bes ! 
Tel +33 (0)1-481 48211. Fax(0)1-4614821S 


5th, ODEOH, high Mass studio In mm 
house, charming, quiet, hily equipped. 
F5J0O net Teh +33 (0)1 46 99 B3 67 


GENEVA PRETTY WOMAN 
BASEL, LAUSANNE, M0NTREUX 
Cal 022 / 346 00 89 Escort Agency 
Crerfi cards accepted 


LATIN BEAUTY 
PRETTY FRIENDLY PRWATE 
ESCORT SERVICE 
LONDON 0956 307 404 


'CONNOGSEUR* NYC 
Top Class Escorts 
Tet 212-679-1991 


FMMANUniF*S ESCORT SERVICE 
" FRENCH SPEAKNG " 

LONDON 0171 252 2886 Al Cards 


. £5*bl.>L' 



MES Escort Service 
ROTTENBURG, Exqutote. 
Cal +49 (0)7472 - 66 49 




LONDON 0171 9 35 0564 
CREDIT CARDS ACCEPTED 


LONDON HEATHROW GATWICK 
JAPANESE ESCORT SERVICE 
0956 572543 Cretfit canto 


MICHELLE VERY PRETTY Friendly. 
Young Blond Girl Private Escort Service 
London Tet 0956 449 641 


Premier London Escort Sendee 
Tet 0171 581 8000 


SARAH, CHARWNG, SOPHfSDCATH), 
SUm Beauty, Prwate Escort Sendee. 
Chataea Tat om 348 0S64 


TtC MODEL NETWORK London 
(Escort Santee) Genuine Photo-fiaWon 
Uortab. Tet arte tax 0171 631 1135 


TOPTBP FRANKFURT 
Begent Escort & Travel Service 
Please cal 069 - 597 4336 


VALBRMES HTERNAHONAL 
VIP Escort Senioe photos to view central 
Laxter office 0171 B35 0006 al cards 


VBMA'PRAGUE: KENNEDY'S Escort 
Service. Friendly, elegant, attractive, 
cards. Day A ragfe (++43 1} 5335044 


Private Escort Service 
Tel 0602 345 891 


•ZURICH * CAROUNE- 
Escort Service 
Tet 01 7261.49.47 


THt. TO" 1 rv* 1 " Xl twsaum 

PLANNING TO RUN A CLASSIFIED AD? 


HIROK 

PAPS: P+Q) TeU (0114143 9385. 
MiOUtKAndomUiVdb 
og^^^UiailU & (BRRALBJROFE: , 

’ a f@S M ^ n7 

a®a&Cff8U& Alhf* 

^sass 

"TSf^r 

"TflSBtag 

rw 3509648506 


fisc 383 2DP38. 
ICIHEBAND5: AmUwdom, 
TeL- 3150x5841060. 
F« 31.208881374. 

NORWAY ft MfBS« 

fore (47)55 913071 
panutaAtiyM]. 

TeL 35M-457-291 

351 -I -4577351 


Td: 4572858. 
fac 4586074. 


Free 247 9315 


UNRS) KMGDOMi Lonctoa 

Ti: 0171 836 4002. 

He 262009. Fae 420 0338. . 

MPOiEEAST 

BRAfliTeiAw. 

T«L 972^586245. 
972-99-5862X6 

Free 972-99-585685 
SAUDI ABAHA: Contact landon, 

Tel. 71 8364801 
Free 71 240 2254 

SOUTH AFRICA 
JOHANNESBURG: _ 

KffiOA 

NORTH AMBNCA 
NEW YORK: _ 

£SHB- 


CANADA 

TOeONTCh 

TaL (909 833-6200. 

Free (906)833-21 16. 

lATWAMffifCA 

ABOCftMwtoOM 
Wb {52 51 536 » 90 
Rsc (525)68281 22/6874842/ 
5363577. 

ASIA PAQHC 
HONGKONG: 

TeL (852)2922-1188 
Tk: 61170 HTHX. 

Fac ( 85 J) 2922 - 1 190 . 
JAMMTgJ*, 

TsL- 3201 CQ 10. 

Ric J33<573. Free 32 01 Q2 09. 
SNGAPORE,NUNft Sngapo^. 

TeL- 2236478. 

Free 325 0842. 

Tk 28749 MSN, 


ideal accommodation audio-5 bedrooms 
Quafiy and semca assured 
READY TO MOVE N 
Tel +33(61143129600. Fox (0)1 43126806 


TOUR TOTEM (15th). studio 35 sq.m.. 
iflm floor, cortecbve heating, garaqe. 
FF5.700 inciuifing charges Tet +33 (6)1 
42 66 19 19 


MADRID. Luxury apartment. 12th floor, 
great view, Uy furnished, very wefl lo- 
cated. 3 bedrooms, 3 baths, air conffi- 
fconing, private parking. Td: 34-89055450 


Switzerland 

GENEVA, LUXURY FURNISHED aparr- 
mante. Fran shirks to 4 bedrooms. Tet 
+41 22 735 6320 Fax +41 22 7382671 


Holiday Rentals 


Paris & Suburbs 


JULY-AUGUST. 2 rooms, 50 sqm fur- 
nished, Pans i7th. FFB.OOfifmo or 
FrlCWfck. Tet -33 (0)1 422B9646 


Employment 


Executives Available 


EUROPEAN-BORN AMERICAN wizen, 
currently sHxmed n Sadheast Asia as 
managng director ol a- branch of a lead- 
ing European manufacturer. Steen years' 
expenave si the area, seeks new chat- 
tanging poabon. 

Proven track recoid in new ventures, cre- 
ating / expand^ sales / dis&iusn net- 
works. biding beta teams, ete. 

Please Fax: (65) 324 0012 


CONFERENCES 


NTERNATIONAL CRAFT EXPOSITION 

Rosemont Convention Center 

, ifivcrrmraiM btrorO'Hare Inicansnonat Aripuni 

Searching for business oppo mini ties? Attend the creative industry's most 
important iradronly exposioon. Meet the leading manufacturers and suppress. 
Shop over 2.000 stands showcasing hundreds of thousands ofproduas inclinfing 
an materials and framing, craft and scrapbook supplies, cake decorating supplies, 
fabrics and notions, floral arid irimmines. miniatures and doll houses, 
needlework, quitting and sewing supplies, rubber stamps and stencils, and much 
more. Gain insights on future trends, techniques ana business strategies with 
more than 200 horns of educaikm. Honored fry Tmdtshm ■ Week as one of the 
rop 200 U.S. trade shows. Sponsored by the world's largest creative industries 
ontanizanon, the Association of Crafts & Creative Industries (ACClj. 

Contact: Offing er Management Co. Td: 814-452-4541 - Fax: 614-452-2552 
E-mail: iceJnfetS^ffb^frxom Web.'wwwxreatireHndiistriesxoin/ia 

■r v^oricAQQi: :• ---^ 


TO ADVERTISE IN CONFERENCES & EXHIBITIONS, 
PLEASE CONTACT PARIS ON FAX: +33 7 41 43 93 70 


AUTOMOBILES 


AKrwd Efdwr Street iO 
CH-80Z7 Zurtcti 
Fui 01/202 76 30 
Tet. 01/202 76 10 
new TAX-FREE used 
ALL LEADING MAKES 
Seme day registration possible, 
renewable up to 5 years. 

We also legister cent with 

(expired) tortrtpn [tax-free) plaice. 


Automobiles 


JEEP WRANGLER, CHEROKEE AND 
GRAND CHEROKEE 
Dodge Trncks, Voyager Untaans, 


Dtrad U5. Export Sales 
WnkMde Deireiy, hciudkig 
OS Ccurbies 

Large Setectim Avatebte knondtately 
Spare Parts and Accessories 
SAITCO 
320Z Mix Dr. 

WetonMer, MD 21157 USA 
Tet (41(Q 8768297 Fac (410) 848-7561 


FERRARI 456 GT 

W, 13,000 ini. UaddmetalKc, baga 

learner, mint condition. Best offer over 
IASS 115JXD or E-Sto- 70000 
Tel SwftzBriand +41.41.4453113 office 
Fax Swinertand +41.41.4453134 (RZom) 


VOLKSWAGEN BEETLE ConvartflMa 
unkjue opporluiy tor ccflectets, last pro- 
duction run 79, imusad ori^nto ant 
don. USS81000. Tet Gemtvy +4840- 
2002735 


Auto Rentals 


RENT AUTO DERGI FRANCE 
WEEKEND: FF500. 7 DAYS: FF1500. 
TEL PARIS +33 (0)1 43 66 55 55. 


Auto Shipping 


SAVE ON CAR SHIPPING. AMESCO, 
Knbttestr 2, Antwerp Belgium. To/Fram 
US, Afnca. Reoriar Ro-Ro sailing. Free 
hotel Tet 32W9H239 Fax 23^6353 


Autos Tax Free 


TRANSC0 BELGIUM 

20 YEARS WE DELIVER 
CARS TO THE WORLD 

Al makae and models 
Export Sales - Registration 
SHpplng - nsuencB 

Transcc, 51 VossaachinstL, 
2030 Antiwrp, Batem 
Ted: +32 3 542J2A0 
Far +32 3 5425897 


PTM OFFERS TAX FREE CARS: 
Mercedes Cl 80 (23,600), E200 Classic 
(529, B00), Roadster LSK (S2B.000). 
BMW Compact 316i (Si 6500|, 3231 
(526500], 23 (524,100), ri makes, stu- 
ping worldwide. For quotes, fax PARIS 
+33 (0)1 46 40 06 93. 


25 YRS OCEANWIDE U0T0RS 

MridHta supply and stappng of AUDI 
Mercedes, BMW. Pmche. Cri Germany 
+49-211-434646 or fax 211-454 2120 


ATX WORLDWIDE TAX TOE CARS. 
Export + shipping + registration of new A 
used care. AlK NV, TemincWei 40, 2930 
BruudnuL Belgium. Phone: +32 3 
6455002, Fax +32 3 8457108. AIK 
since 1959 


NEW/USED US/CANADAMMVANS off- 
road veffidee. P JJ. Cars. Worktade Ex- 
porter. Far +41 32 645 27 26. Tet 27 



Hcralb^^Sribunc 

the wobuts nemr newsrvpeb 

If you would like to receive further information on the advertisers who appeared in our 
International Business Education Sponsored Section 
on May 19, 1997, please complete this coupon & send it to: 

The International Herald Tribune c/o gsble marketing ltd. 

St Mary's MiU, dialford, Stroud, Gloucestershire, GL6 8NX, E n gland 
Fax: 44 Z 453 886 28Z E-mail address:john@gid>Ie.8tar.co.iilc 


VhVi'iVl-b.wm'. 






14. Duke ! 'Hie Fuqua School 
of Business 

□ 

15. George Mason. University 

16. Umversity of Califianiia/ 

n 

Riverside 

□ 

UL, II fl " 

Belgium 


17. Preston University 

□ 

France 


18. IFAM 

□ 

Germany 


19. Ihrivexsity of Maryland 

□ 

Bitemattonal 


20. European University 

□ 

21. Schiller University 

□ 

Italy 


22. American University, Rome 

□ 

Switzerland 


23. European Universrly, 
Montrenx 

□ 


84. American College, London □ 

25. Richmond College □ 

26. TJ n ivBxsztyotBath □ 




France 

27. LaCazddxe 


28. TTIiS Language Center 




Netherlands 

28. Haaglaud 

Switzerland 

30. Hosta Hotel & Tourism 
School 


BoshenGoldes 


International 

31. MBA Guide 


Job Title: 

AGE: 

e-man : - 

SEX: 


D Under 25 

□ Male 

□ Female • 

□ 23-34 

Iamreouesti 

na information for; 

□ 33-44 

□ Myself 

□ A friend 

□ 55-64 □ 66 or over 

□ A family member □An employee 



















































PAGE 10 



EDITORIALS/OPINION 


Hera lb 


INTERNATIONAL 



tribune. 


FUBUSHSS WITH THE NEW YORK TIMES AND THE WASHINGTON POST 


India and Pakistan 


After three wars and five decades of 
enmity, far more than personal chem- 
istry is needed to breach the walls 
dividing India and Pakistan. Still, 
when Prime Minister Inder Kuxnal 
Gujrai calls his Pakistani counterpart 
“my personal friend,’* and when 
Nawaz Sharif says of New Delhi's 
1 0th prime minister “I like this man 
very much,” the possibility of change 
can be sensed. 

In the first such meeting in eight 
years, the two leaders agreed to begin 
talking about Kashmir. That, together 
with other steps, can defuse if not 
resolve die most intractable issue di- 
viding the two countries. 

A sympathetic bond unites die prime 
ministers, who met on May 1 2 in the 
neutral Indian Ocean nation of the 
Maldives. Mr. Sharif has roots in the 
Punjab, the fertile province that was 
sundered in the 1947 partition of India. 
So does Mr. Gujrai, who fled with his 
Hindu family across the frontier in a 
convulsion whose 50th anniversary 
both countries vt ill recall in August. On 
the sorrows of division the two speak 
through their own lives, and can do so 
in the same language. 

Mr. Gujrai came to office last month 
as a surprise choice to lead a minority 
government, but he benefits from In- 
ara's weariness with muddle, and has 
four years to go before the required 
general election. He has made better 
relations with Pakistan a priority, and 


in Mr. Sharif he has a potential partner 
recently elected by a landslide. 

Most hopeful is Mr. Gujral’s track 
record while serving as foreign min- 
ister, including his gesture last year in 
easing travel and visa restrictions for 
Pakistanis visiting India. 

The many petty and impoverishing 
curbs on movement of people, goods 
and ideas on the subcontinent recall 
Germany in the worst days of the Ber- 
lin Wall, incredibly, total trade last 
year between the two countries, with a 
combined population of 1.1 billion, 
was a meager $1 15 million. 

As crucial in prolonging this im- 
passe is the lack of joint military ex- 
ercises, exchanges at staff colleges and 
joint monitoring of airspace, security 
stops that are a precondition to peace 
between kindred neighbors. 

Nobody expects an imminent break- 
through on Kashmir, whose sover- 
eignty has been in dispute since it was 
ceded to India in 1947. For years the 
two armies have grimly faced off on 
Siachin Glacier, the most taxing con- 
frontation on a long, embattled fron- • 
tier. Defusing such threats can nurture 
the more normal relations essential to 
a settlement 

As of now. it is absurdly demean- 
ing that Indians and Pakistanis can 
meet more easily abroad than in their 
own countries, after a half-century of 
freedom. 

— THE NEW YORK TIMES. 


Pentagon Program 


The U.S. Defense Department on 
Monday sent Congress the results of 
its once-every-four-years review of 
strategy, threats and the future of U.S. 
aimed forces. Pentagon officials on the 
whole concluded that the program is 
basically on the right track, but they 
recommend modest reductions in 
troop strength and bases in order to pay 
for more weapons. 

Their message will come under at- 
tack from at least two directions. 

Some will call for bigger reductions 
in force and budget, arguing that the 
military has yet to adjust to post-Cold 
War reality. But at die height of the 
Reagan administration buildup, more 
than 2.2 million men and women were 
on active duty, 500,000 of them over- 
seas; now there are 1.45 million, of 
whom 200.000 are overseas, and De- 
fense Secretary William Cohen is pro- 
posing ro reduce that number to 1.36 
million. 

Military spending has declined from 
28 percent of the federal budget and 
more than 6 percent of the total eco- 
; noray to 15 percent of the budget and 
; about 3 percent of the economy. Yet 
. from Taiwan to Zaire to Albania to 
: Haiti, U.S. leadership continues to de- 
; mand an active U.S. military. 

Others will criticize Mr. Cohen for 

• not being bolder and more revolution- 
‘ ary. The National Defense Panel, a 

group of outside experts created by 
Congress to look over the Pentagon’s 
shoulder in this process, generally 

• praises “the evolutionary path” 

, charted by the review, but warns dial 
.• “the fairly conventional approaches ... 


may not generate an optimal force 
structure” in the long run. 

The panel — which will not com- 
plete its own. more detailed report until 
December — wants more emphasis on 
space warfare and other new techno- 
logies. That is understandable, but we 
hope its experts will detail die forces 
and weaponry they would have the 
Pentagon give up in the meantime in 
order to pay for more spending in those 
futuristic areas. 

The biggest question mark is, once 
again, optimistic assumptions about 
savings from procurement reform, 
base closings, privatization of many 
noncombat functions and other sen- 
sible ideas that will run into resistance 
from congressmen who view the de- 
fense budget as the last bottomless 
barrel of pork. 

Each of these assumptions is 
“somewhat tenuous." the National 
Defense Panel notes. “Collectively, 
they represent a budget risk which 
could potentially undermine the entire 
defense strategy." 

Since 1985. total American military 
spending has decreased by 38 percent, 
but the infrastructure — bases, depots 
and the like — is only 21 percent 
smaller. 

Yet members of Congress already 
are gearing up to fight Mr. Cohen's 
proposal for more base closings. If they 
prevail, says General John Sha- 
likashvjli, chairman of the Joint Chiefs 
of Staff, “the force of the future will 
be sold to pay current operations and 
supporr bills.” 

— THE WASHINGTON POST. 


Debts to the Hmong 


To anyone with a memory and a 
t commitment to keeping one's word, it 

■ is bound to come as a shock that the 
; United States is still not fulfilling its 
, obligations to its Hmong and Lao allies 

in the Vietnam War. 
i Eleven years ago. Congress author- 
* ized the Vietnam Veterans National 
Medal for the now-American survivors 
i of the secret army that helped America 

■ fight its battles in Laos from 1961 to 
. 1973 and that paid dearly for it. Yet 
■' only the other day was toe medal ac- 
‘ tually bestowed on toe few thousand 

veterans of that army who had gathered 
; in Washington. 

In a march meant to recall their 
; escape across the Mekong River to 
’ Thailand, the Hmong group crossed 
' the Potomac to the grave of John F. 

Kennedy, the first American president 
- their units had served. 

The Hmong, or “Meo,” and Lao 
recruits formal under CIA direction 
; at a time when their presence and role 
. were < 

; numbers of] 
from their primary (American) targets, 
the secret army gathered intelligence, 

. protected American navigational sites 
and rescued hundreds of downed 
American pilots. In turn, toe United 


States took on specific protective ob- 
ligations and of course an overwhelm- 
ing moral obligati on- 

These debts were fulfilled only rag- 
gedly when Communist North Viet- 
nam swept over Laos. Hmong and Lao 
soldiers and their families were al- 
ternately repressed by toe victorious 
forces and forced into exile. 

Some 135.000 now live in the 
United States, Their current com- 
plaints go well beyond the tardy receipt 
of medals for their valor. 

A concern for their kin has made 
them advocates of an American j 
to press toe Laotian government j 
to ensure fair treatment for those left 
behind and to begin Hmong-language 
broadcasts on the new American-sup- 
ported Radio Free Asia. 

They protest toe recent immigration 
law changes that limit benefits to non- 
citizens, including elderly Hmong who 
have been unable to learn English for 
the citizenship exam. 

In Arlington Cemetery, toe Hmong 
unyeiled a memorial to their combat 
veterans and American advisers. In toe 
Lao and Hmong languages the writing 
cm toe monument states, * ‘You will nev- 
er be forgotten.” They almost were. 

— THE WASHINGTON POST. 


“Tt i V nVTERMTIOML M • 4 

IlcralOss^y&rtbunc. 

niUND n* tw mimiir h»t 

ESTABLISHED 1887 

KATHARINE GRAHAM. ARTHUR OCHS SULZBERGER 
Co-Chairmen 

KATHARINE P. D ARROW, Vice Chairman 

RICHARD McCLEAN. Publisher & Chief Executive 
MICHAEL GETLER. Executive Editor 

• WALTER W EILS . Managing a fter •P AUL HORVTTZ. Deputy Managing Editor 
i KATHERINE KNORR ®id CHARLES MTTCHELMORE, Dcpuiy Editors • SAMUEL .AST and 
CARL GEWRTZ. Associate Editors • ROBERT J. DONAHUE, Editor cf the Editorial Pages 
m JONATHAN CAGE, Business and Finance Editor 
• RENE BONDY, Deputy Publisher 

• JAMES McLEOD. Advertising Director • DIDER BRUN. Circtdanon Director. 
Ditvcteur de la Publication: Richard McClean 


Internal! cmai Herald Tribune. 181 Avon* Ctaries-de-GattUe. 92521 Nenill.r-snr- Seine, fnuce. * 
TeL: i I)4l.4193.0a fix SubssripSoas. ( 1) 4U3S11Q: Adwtisi» 1 ll) 4L4JSCL1-; Nsws,il)4l.419La 
Interact address; hnp-J/wwv,uhLcota E-Mail: Qu@0JLcom 

EdmforAM:NHitaelRkktrisim.5 Cemrimy ft/.. 

Du.Asta.MfD KrtmepM. SO Ghxtser. 

e/997. Intenuaaul Herald Tribune HI right reserved. ISSN W-SOS- 



A Modem Britain, With America and in Europe 


L ONDON — The British people this 
month elected a new government 
with a decisive mandate to modernize 
Britain. The world in which we conduct 
our diplomacy is changing rapidly. 

Trade between countries is accel- 
erating much faster than growth within 
them. People travel more. Television 
and toe Internet mean that our know- 
ledge of each other is much deeper than 
before. Nightly we are presented with 
images on our television screens that 
we cannot mutely ignore. 

Foreign policy is no esoteric game. It 
impacts directly on our peoples' lives, 
jobs, concerns. Engagement in the 
wider world isn’t optional; it is essen- 
tial. Now more than ever, isolationism 
or insularity would be self-defeating. 

Last week I set out. toe goals of 
Britain’s foreign policy. 

First, Britain’s security will remain 
founded on NATO. NATO will grow, 
.and change, and Russia will have a 
voice, but not a veto. A strong alliance 
means greater security for all. 

Second, our prosperity depends on 
vigorous free trade and healthy invest- 


Bv Robin Cook 

The writer is the British foreign secretary. 


ment flows. Britain is the largest in- 
vestor in America, and America the 
largest in Britain — America invests 
more in my country than in all Asia. A 
million Americans work in the United 
States for British firms. We shall work 
to create still greater links and synergies, 
and more open markets elsewhere. 

Third, no government can today ig- 
nore the effects of global phenomena 
such as c limate change. Getting firm 
agreements to protea climate, oceans 
and forests won’t be easy, given toe 
differing needs of countries at different 
stages of development, but I am de- 
termined to try. 

Fourth. I believe that we cannot 
check in our consciences at the con- 
ference room door. The British people 
have a deep sense of fairness. Like 
Americans, they are determined not 
only that their society should remain 
open and democratic but also that others 
Id share the freedoms they enjoy. 


British foreign policy will reflect toaL 

Not all our goals will be easy to 
achieve. Bur Britain under New Labour 
rums to the United States as a natural 
partner in the task. 

Our historic defense and seouity co- 
operation will continue. Britain has toe 
will and toe means to resist aggression 
and help defend toe rule of international 
law. It is vigilam against terrorism, alive 
to toe threat of nuclear proliferation, 
determined to build on the chemical 
weapons treaty. And the new govern- 
ment is committed to achievi ng a 
worldwide ban on the use. manufacture 
and transfer of anti-personnel land 
mines, which kill or maim someone, 
somewhere, every 20 minutes. 

I aisn want to work with the United 
States to make the United Nations the 
more effective force for peace and 
against poverty which we both want 
And to increase rid flows and debt 
relief for the poorest countries, not least 


through the Washington-based World 
Bank and toe International Develop- 
ment Agency. Britain pays its dues to 
toe United Nations and .the IDA; we 
believe that starving them of resources 
would fit ill with the values or interests 
of toe developed West. 

Finally, Britain under New Labour 
will work much more closely with our 
parmers in the European Union. I see 
no contradiction between close part- 
nership with the United States and 
wholehearted involvement in Europe. 
On the contrary, with Britain back in a 
leading role, we can better influence 
European debate, and so strengthen 
trans- Atlantic partnership. 

For too long, Britain has stood on the 
sideline in Europe. The new govern- 
ment's positive approach brings better 
prospects of achieving the European 
Union we want: deeper and wider, with 
a vibrant single market generating more 
jobs; a warm welcome for new mem- 
bers from among our neighbors to the 
East; and toe confidence and cohesion 
to play a greater role across the world. 

The Washington Post. 


l " S ' 

Ilford 






To Make Aid Work, Send It to Countries With Sound Policies 


W ASHINGTON — For- 
eign rid significantly im- 
proves economic growth and 
social welfare in countries that 
pursue sound economic pol- 
icies, but in countries with un- 
sound economic policies rid 
has no discernible impact 
That is toe clear answer from 
research we have conducted for 
the World Bank. The challenge 
for toe donors is to understand 
how .to channel rid to the poor 
countries that can use it best 
We find that reallocating rid 
from poor countries with bad 
policies to poor countries with 
good policies would raise the 
overall growth rate of poor 
countries by one third. 

Such a change would in- 
crease toe opportunities for 
many millions of people to lift 
themselves out of poverty. It 
would also provide a clear sig- 
nal to governments with inad- 


By David Dollar and Lyn Squire 


equate policies that better 
policies, not more aid. are the 
first requirement of success. 

That sound policies go hand 
in hand with effective assist- 
ance at toe macro level is hardly 
surprising. Previous research 
identified the key economic 
policies that promote economic 
growth: fiscal discipline, pre- 
venting high inflation, ana an 
open economy. It is reasonable 
to expea that countries which 
pursue such policies' wifi tend to 
use foreign rid wisely 

This is in fact what our re- 
search has found. In countries 
with good policies. 1 percent of 
GDP in aid corresponds to an 
increase in the growth rate of 
0.4 percentage point. If we 
think of rid as an investment, 
that is equivalent to about a 30 
percent rate of return. 


In countries with inadequate 
policies, aid had no significant 
impact on growth. 

We find a similarly strong 
result when we look at infant 
mortality. Aid helps to reduce 
infant mortality in countries 
with sound policies, but does not 
have any effect on infant mor- 
tality where policies are poor. 

Countries with a good policy 
environment that received sig- 
nificant rid in recent years are 
Bolivia, Honduras, El Sal- 
vador, Botswana, Uganda and 
Mali. They have grown faster 
than would have been predicted 
by their policies alone. 

Tanzania and Zambia are ex- 
amples of countries that had poor 
economic policies through 1993. 
They received large amounts of 
aid over several decades and 
have little to show for it. 


Strikingly, the research also 
found a strong link between 
sound macroeconomic policies 
and the success of individual 
development projects, even in 
toe social sectors. A project to 
expand primary education, for 
example, is more likely to be 
successful if overall macroeco- 
nomic policies are good. 

In addition, projects are more 
likely to succeed if local com- 
munities are involved in design 
and implementation. In coun- 
tries with poor economic 
policies and little participation 
in local decision-making, more 
than half of ail development 
projects fail. 

Fortunately, a growing num- 
ber of poor countries are pur- 
suing economic reforms. 
Ethiopia. India and Vietnam are 
three examples of large coun- 
tries with good reform 
grams in toe early 1990s. 


eign rid is likely to have its 
maximum impact on growth 
and poverty reduction in these 
reforming environments. 

Yet there is a danger that 
external finding may be inad- 
equate. Official development 
assistance continued to decline 
in 1996, falling to the 1 990 level 
in nominal terms and dropping 
by 3 percent from 1 995 levels in 
real terms. Aid is declining at 
precisely the time when eco- 
nomic liberalization in devel- 
oping countries provides an un- 
precedented opportunity for 
highly effective assistance. 

Lyn Squire is director of the 
World Bank Policy Research 
Department, and David Dollar 
is head of the department’s mac- 
roeconomics and growth group. 
They contributed this comment £ 
to the International Herald 
Tribune. 


LjkiLT N ’ ‘ 


Just as Effective Aid Gets Easier, Support for It Is Dwindling 


G eneva —T he world’s 29 

richest countries have 
sharply reduced their develop- 
ment aid to poor countries. 
Fresh figures from the OECD 
show that in 1995 a mere 0.27 
per cent of toe affluent coun- 
tries’ total GNP was spent on 
development aid — the lowest 
level for 45 years. 

Budgetary constraints are no 
doubt part of the explanation. 
No less important are toe rich 
countries' compassion fatigue 
and growing public cynicism 
' about development rid itself. 

Is toe cynicism justified? 

Aid critics argue thai much of 
the money goes down foreign 
rat holes. Often it encourages 
inefficiency and corruption. 

Critics are also quick to point 
out that there is nothing to pre- 
vent rich countries' citizens 
from increasing their voluntary 
contributions. Indeed, toe flow 
of funds to charity organiza- 
tions has seen a sharp rise in 
recent years. 

More important, private cap- 
ital flows to toe developing 
countries have more than 


By Bimal Ghosh 


doubled since 1989. pushing 
economic growth. True, nearly 
80 percent of toe private capital 
has gone to no more than 22 
relatively well-off countries. 

But toe rid critics maintain 
that this proves their point If 
developing countries embrace 
toe kind of market-oriented 
policy reforms that sustain 
growth, they need not bother 
about official aid. 

East and Southeast Asian 
countries can ignore foreign rid 
because they opted for market- 
friendly policies and are now 
flush with private capital. 

By contrast, sub-Saharan 
Africa continues to depend on 
aid. In several of these countries 
development aid makes up 
more than 30 percent of GDP. 
and half or even three-quarters 
of domestic investment But 
sustained growth has remained 
elusive, except in a few reform- 
minded countries. 

In 1965. toe average per cap-, 
ita income in sub-Saharan 
Africa was 60 percent of toe 


developing country average. 
Despite massive rid flows, it is 
less than 35 percent today. 

This new wisdom about eco- 
nomic openness and the per- 
ceived failure of aid has now led 
Washington to launch an eco- 
nomic development plan for the 
region that relies mostly on trade 
and investment and marks a shift 
away from development rid. 

A development strategy 
based on economic openness 
and market liberalization has 
much to offer. A recent study by 
toe Harvard Institute for Inter- 
national Development revealed 
that more than 25 percent of 
Africa's slower growth, com- 
pared to East Asia, is attrib- 
utable to lack of openness. 

And a World Bank study last 
year found that domestic mar- 
ket barriers cost sub-Saharan 
African countries $1 1 billion a 
year, equal to total development 
rid to toe region in 1991. 

But can the poorer countries 
in Africa or elsewhere rely 
solely on a freer play of market 


Denying the Plight of Christians 


N EW YORK — When free 
men and women accept 
their privilege of fighting for 
toe persecuted in distant tyr- 
annies, they undertake three 
obligations; 

To do everything in their 
power to pressure toe perse- 
cutors to loosen oppression of 
victims chosen for their frith 
or political beliefs. 

To keep toe names and suf- 
fering of toe persecuted before 
toepublic. 

To spot, track and expose 
denials of persecution — toe 
subject of this column. 

Denials io my columns on 
persecution of Christians have 
come of course from diplo- 
mats and propagandists of 
persecuting countries like 
China and Egypt. They axe 
quite hysterical, knowing that 
persecutors leave a trail of pa- 
per, witnesses and blood. 

Denials also arrive from 
American Christians. So far 
they have been few. 

Mae awareness will bring 
more denials, for a bagful of 
motives — turf, sympathy 
with China's “anti-imperial- 
ism,” fear of boat-rocking or 
of endangering profits, polit- 
ical cowardice or meanness of 
soul. The time to confront 
them is now, before by repe- 
tition they gain any credence. 

Freedom’s religious charge 
against China is that the Com- 
munists began persecution of 
Christians from Mao’s early 
days, slackened somewhat 
when he died,’ but cracked 
down hard during toe reign of 
Deng Xiaoping. 


By A. M. Rosenthal 


The thousands of Christians 
imprisoned or “disappeared” 
include four present Catholic 
bishops. The most important 
Protestant leader, Peter Xu, 
was arrested in March. He has 
not been heard from since; his 
friends fear for his life. 

China prohibits Christians 
from worshiping in any 
churches but those “patriot- 
ic” ones that submit to the 
Communist Party’s religious- 
domination apparatus — re- 
gistration, control of clerical 
ap-pointments and censorship 
reaching to altar and pulpit 

The huge majority of Chi- 
na’s Christian population of 40 
million or more do not submit 
They worship in “house 
churches” — at home, in 
fields or high hills, an offense 

punishable by imprisonment 

Here is a letter, printed in 
The New York Times, from 
Van Harvey, professor emer- 
itus of religious studies at 
Stanford. He says my ac- 
counts of arrest and torture of 
Christians who try to worship 
freely are exaggerated. 

Reports by Human Rights 
Watch, Amnesty International 
and toe Puebla Program on 
Religious Freedom,- and toe 
official human rights account- 
ing of the State Department, 
show him wrong. China uses 
torture as an instrument of 
control in prisons and labor 
camps where Christians wor- 
shiping as their consciences 
command have been sent. 


Mr. Harvey writes that 
Christians can worship "pub- 
licly.” What he does not write, 
but said when I called him, 
was that he was referring to 
worship in the government- 
regulated churches, not in 
"house churches' * where wor- 
ship is hidden and punished. 

He also said he had sym- 
pathy for Beijing’s sensitivity 
to Christianity’s “Western” 
roots in China. That’s nice. 

Along comes Jude Wan- 
niski, economist and com- 
mentator. in a letter to me dis- 
tributed on his fax list, holding 
as follows: 

China is on a steady positive 
course on human rights, in- 
cluding religious worship. Yes. 
financial costs are assessed for 
those who want more children 
than the government permits, 
but that cannot be considered a 
human rights violation. Cath- 
olic priests are arrested, but 
that is because they belong to 
toe underground church that 
wants to be treated as if Beijing 
and the Vatican had relations 
with each other. 

This is an area where Jesus 
would say “Render unto 
Caesar.” If Christian con- 
gregations just register with 
the government and agree not 
to hold “political rallies” 
they are not impeded. 

Yes. Jude Wanniski. toe 
same who has been the close 
adviser of Jack Kemp for many 
years, toe same who has been 
plugging Louis Farrakhan. Mr. 
Kemp deserves better. So does 
Mr. Farrakhan. 

New York Times Senicr 


forces for their economic 
growth and social welfare? 

The talk of open markets that 
allow free flows of trade and 
investment and unrestricted 
competition makes sense . but 
only up to a point. Market 
forces can release energies and 
promote efficiency in toe world 
economy from which all na- 
tions, including toe poorer ones, 
could in principle benefit. But 
this presupposes toe existence 
from toe beginning of a level 
playing field for all actors. 

When there is glaring in- 
equality between and within na- 
tions. toe market fails. The 
weaker nations and vulnerable 
domestic groups remain largely 
excluded. Not only is dis- 
tributive justice denied, but in 
toe long tun such exclusion 
means serious limits to eco- 
nomic growth. 

By empowering poorer na- 
tions and domestic groups to 
compete in toe marketplace, de- 
velopment aid can redress this 
deficiency and restrain discrim- 
inatory use of market forces by 
entrenched oligopolies. In- 
creasing liberalization of the 
global economy thus makes the 
role of development aid more 
it, not less. 


un 


luch of the disenchantment 
with aid stems from its unwise 
use in three main ways. 

First, it has been seen as a 
powerful lever to impose policy 
reform on reluctant aid receiv- 
ers. True, policy dialogue and 
advice as part of development 
aid can be useful in sensitizing a 
country about the merits of re- 
form. But money cannot buy 
reform, and little can be 
achieved by making aid strictly 
conditional on it. 

Still, as new research in 56 
developing countries by the 
World Bank has confirmed, the 
extra support from foreign aid 


can be extremely valuable for a 
country that is already genuinely 
committed to policy reform and 
where people are anxious to 
have positive change. 

Second, in toe past, pumping 
more and more development 
aid into the same country has 
often been perceived as a mea- 
sure of success in the aid busi- 
ness. This has led to ever in- 
creasing aid dependency. Aid 
should be tone-bound and care- 
fully geared to promoting self- 
reliance, so that before long a 
country may do without it. 

Third, development aid must 
be de-Iinked from toe imme- 
diate and narrow commercial 
interests of the donor country. 
When it is tied to toe procure- 
ment of goods and services in 
toe donor counoy, not only does 
it diminish in financial value by 
some 30 percent on average, but 
is breeds corruption in both 
sending and receiving coun- r 
tries. Worse, it tends to disroit ! 
toe development objectives of 
toe receiving country and fails 
to help those who need it most. 

Aid is most meaningful when 
used both as a device to ensure 
distributive justice and as an 
integral pan of toe strategy to 
promote economic efficiency 
and sustainable growth. 

Policy shifts to openness 
have sharply enhanced the im- 
portance of aid for poor coun- 
tries. The climare. too, is getting 
better for effective use of aia 
pre-irony is that precisely at this 
time, support for aid in rich 
countries is dwindling. 

The writer, a former senior 
director dealing with develop- 
ment cooperation activities in 
the United Nations system, is a 
consultant to international or- 
ganizations. He contributed 
this comment to the Interna- 
tiona/ Herald Tribune. 




I “ 




A*: 




T,* . 


. 1 ,. 


- • - 


best 


IN OUR PAGES; 100, 75 AND 50 YEARS AGO 

g 

1897: Tore Jingoism 9 corresponding to toe respective 

nfw yorit m,- of the same parties in 

wYin ?.85“ ^ Dai! Eireann, which is 5 to 4. 
RMiihliSSS reckoning the Treaty supporters 

KJPSMS* sKSEP^ 

Illinois is one of these. The convenient. 

policy of which Mr. Mason has ^ . 

made himself toe exponent dur- Lerman Griping 

mg his inflammatory speech on BERLIN M ;i;™ - 
Cuba is one of adventure, of T Military 

sentiment, of pure jingoism. He 
proclaims no less clearly his 
jealousy of Presidential juris- 
diction. and his desire to usuip 
for the Senate a jurisdiction for 
which there is no warrant in the 
Constitution or in practice. ’ ’ 

1922 : Irish Coalition 

DUBLIN — Mr. Collins and 
Mr. De Valera have at last 
reached an agreement by which 
the Government of Ireland will 
be in toe hands of a coalition, 
with the strength of toe two 
parties composing toe coalition 




ftwj 


SELLS] 


S:V5T 4ft- 
A ' 
SKY} 
TBttJW 

11 

(. r-'+cv 1 

__ 

*THE‘ 
VfVtl 

i 




.. Gov- 
ernors of the American and 
British Zones of Germany is- 
sued a joint statement to the 
populations of the two zones, 
ordering them not to engage in 
strikes in protest against the 
critical food shortage. “It is 
useless and childish for those 
who claim to lead and organize 
the people to lay the blame for 

current privations on 

shoulders.” said the 
hon. 1 'Grumbling and apathy 
win not bring better days to 
Germany . Brave acceptance 
of responsibilities, hard work 
and courage will alone achieve 
future well-being.'' 


'.fc- 




tv*,* 




Allied 

declaru-^ 


-VET3:'-' 

i J CTJVVs 

*Miinaa6i 


IX . 1 .. 


; -t‘l ■ ■ • !< 


-•«»* . 
>v»uA 
SiW. 


ri*. 




r ■ 4. Va 


: s-rmt 4* 
Sirj***j 








;->W.v;S£> 


inEu 


and i 
m«r:; m \ Asr 

■%.'-'4s 

ncurld r-T' 
of the diV.V 

work n 
pann-r* - 
ra> ter;— ..: 
?wr>h:p'v.1 
*ho] cssa-. 

r* 

Euresvcr. ■ 
®T3n> : A:ri^ 
For r 

*ra\ po-:; 
prcsp- V. f 
Union u. ._■ v 
a vibr-iT:! si- 
jot-*: a 'a i- 
5er» :':^t. - 

F.i.r --j; .i 


> 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MAY 21, 1997 

” OPINION/LETTERS 


PAGE 11 


WP 

•->- Bril-. ' 

fc&saSS^ 


W ir.v-oKl5 ed StaZ 1 ^ 

■.1C ''-i—- , s 0 , 

— ' B^hip ^ 


^ ^ :ht ■-: -V r ■ ^ShfcoR 
? la c:a-. u :u -^ iij . 

^ Wtj 

ith Sound Policjp, 


t ! «*rvir<>. ...... 

;htU 

ihumic jvjfvv jj" 
vofiivi-.;.:- ; 
Cutsets. « i ';; 

* v .. , - 
tdatiih*-. .... 
W itktfiy •,.- Sr 
ara# ntatr v . - 
iegorv 

WR»tt?rr.*r* '- 
4 rf lot 4! .- 

fl*> redtriv-- -v. 
Aon lr. - -- uV 
apf •• «rrv*r:.- 

MH«uh* - r; : 

t.tfrvcV'fw.'ii-,.: 

- ■ « 

*«rw» vt r r.7 

*t' 'rt.-r.v 

$4 Vjrtovjt-r- ,.. - : • 

offer** , - 

J tr^rtr x* ■ 

f- • 


V\;!r'> *1*,. 
— ■» »* 

” ■ “'‘"irni-. 


"S-Jr- 

■/ -• 

J :-.■ ;h- lUK't^ 

- r:: '.r W- 

' : f ■> kti 


Imp It Is Dwindlim 


The U.S. Public Is Owed 
A Foreign Policy Debate 


By David 

Washington _ Ame „ 

a Polrticians owe ihe 
f|2f en D r a serious debate on for- 
eign policy and America's role in 
*e world. This was the mi?!?ne 

-«ueu, last fall’s campaTgn 

President Bill Clinton did not 
want to raise it. because he had 
» » W* m 2 campaign 

X ° rh^ CUS lke a laser be am“ 
“ « c °n? m y and domestic 
problems. He knew thai the 
militaiy interventions he had 
ordered m Haiti and Bosnia were 
not popular. 

And he knew that his big in- 
ternational economic initiatives 
7r*S nin § NAFTA and 
. A 1 * trade agreements — di- 
vided his own party. 

Senator Bob Dole did nor want 
to talk about it either, in pan 
because he agreed with most of 
fTCStdenr Clinton’s actions and 
in pan because he is of a gen- 
eration that has believed politics 
should stop at the water’s edge. 

That the people didn’t hear 
much about foreign policy in the 
campaign was bad enough. What 
makes it worse is Mr. Clinton’s 
persistent reluctance to talk se- 
riously. in prime time and on 
television, about where we 
Americans are in the world and 
how we can best play our role. 

But now events are forcing 
an end to this conspiracy of 
silence. 

The foreign affairs agenda is 
loaded with controversial topics 
and the politicians will have to 


S. Broder 

talk about it. whether they wane 
to or not. 

First up. chronologically, is 
the debate about tariff conces- 
sions for China — the most- 
favored-nation trading status, or 
MFN. debate. Time was. only 
liberal Democrats and human 
rights activists would tomienr 
the Reagan and Bush adminis- 
trations for “kowtowing” to the 
Chinese and to American busi- 
nesses eager to enter the vast 
Chinese market. 

Mr. Clinton played that tune in 
1 992 but as president executed a 
U-rum and decided to separate the 
human rights and trade relations 
issues, just as the Republicans had 
done. Now die opposition comes 
from a strange coalition. Some 
liberal human rights activists 
have not changed their minds. But 
they have been joined by many 
religious conservatives like Gary 
Bauer, who have many reasons to 
enter the fray. 

They abhor Chinese abortion 
policies and Chinese persecution 
of Christian missionaries. The is- 
sue lets them flex their muscle 
against the Wall Street business 
wing of the Republican Party in 
the ongoing struggle for control of 
their party. And. of course, it is a 
wedge issue against Mr. Clinton. 

The impending takeover of 
Hong Kong by China, with hints 
that it will -limit civil liberties 
there, and the serious allegations 
of Chinese government financial 
meddling in the last U.S. election 



campaign add powerful elements 
of uncertainty io the battle. 

Beyond the China trade ques- 
tion lies a larger debate, later this 
year or in 1 998, when Mr. Clinton 
asks Congress for “fast track” 
authority to negotiate free trade 
agreements with Chile and pos- 
sibly other Latin American na- 
tions. This will reopen the battle 
over NAFTA, with interesting 
implications for the year 2000, as 
Vice President A1 Gore and the 
House minority leader. Dick 
Gephardt, take up battle stations 
on opposite sides of the issue. 

But the most important debate 
of all may be the one over the 
enlargement of NATO, now that 
Russia has tacitly conceded that 
it cannot stop Mr. Clinton's plan 
to bring in at least three more 


countries, the Czech Republic. 
Poland and Hungary. 

The decision to expand the 
world's most successful military 
alliance has moved almost to the 
end without any serious debate in 
the United States about the risks 
and the payoffs. We know it an- 
gers and upsets the Russians. 
Their first response was to say 
last week that it would delay in- 
definitely any favorable consid- 
eration by the Russian Parliament 
of the START-2 treaty, which 
had been counted on to slash the 
number of nuclear weapons in 
Russian and U.S. missile silos. 

The question of how the 
United States will stretch a 
shrinking military force to pro- 
tect Warsaw, Prague and Bud- 
apest has not been addressed, nor 


has the question of how those 
struggling countries w ill finance 
the modernization of their forces 
needed to bring them up to 
NATO standards. Even more 
vague is the question of bow far 
this process goes — and whai 
happens if the Baltic countries 
and such former Soviet republics 
as Ukraine are brought into 
NATO, or forever barred. 

A British official told roe in 
London last month that he found 
it ‘ ‘astonishing’ ’ these issues bad 
not even been debated in the 
United States. “Usually.** he 
said, * ‘you set your policy before 
you take actions. It looks to us as 
if the U.S. is acting first — and 
then figuring out the policy 
afterward.” 

The Washington Post. 


LETTERS TO THE EDITOR 


Ml'W'iii'i ' ” 

mtf trvfc: .. 

jt.v jpwre.x- . ...... 


Labour No Model 

Regarding " Labour Party: A 
^ Model for French Left ( and 
“ Right)” (May 2): 

The article's suggestion that 
Britain's Labour Party is a model 
for both the French left and right is 
seriously misleading. 

While it is true that Tony Blair's 
“New Labour” strategy, embra- 
cing an agenda only microscop- 
ically different from that of the 
• Conservatives, was indeed a win- 
ning one. it doesn't follow that it 
can be an effective model for 
France’s Socialists. Mr. Blair’s 


policy of maintaining, tight con- 
trols on government spending, no 
increases in taxes over the rates in 
the Tory budget targets, privat- 
ization of the National Health and 
education and acceptance of all 
previous privatization of public 
utilities will not be economically 
effective. Furthermore, Mr. Blair's 
veiled warning to unions to curb 
demands is not likely to resonate 
with militant French workers. 

The justified collapse of Sta- 
linism in Eastern Europe distracts 
from the bankruptcy of Western 
neoliberalism’s all-out pro-mar- 
ket policies, which have yielded 


incredible polarization of income, 
wealth and power, as well as high 
unemployment, erosion of edu- 
cational and cultural standards, 
aggravation of ecological condi- 
tions and a dangerous search for 
scapegoats. Markets may be ef- 
ficient in terms of maximization 
of profits, but profound social 
problems are left in their wake. 

The fact that the French So- 
cialists are dumb enough to em- 
brace die new “realistic*' labor 
model testifies to its irrelevance in 
a period of world economic re- 
structuring. Even if they win the 
coming election, any imitation of 


Blairism will in short order dis- 
orient many of their working- and 
middle-class supporters and lead 
to defeat in subsequent elections. 

Jacques Chirac is at least con- 
sistent in his approval of Mr. 
Blair's “radical centrism." He 
defends it because he knows that it 
affirms the existing structure. 

France, like England, needs a 
democratic planned economy to 
cope with its political and eco- 
nomic problems in a complex 
global economy. 

MELVIN M.LEIMAN. 

St. zaire de Gauzignan, 
France. 


High-Minded Clucking 
Over a Danish Baby 

By Elisabeth Kallick Dyssegaard 


Military Hypocrisy 

One can only wonder at the 
mental/moral condition -of those 
U.S. Air Force commanders who 
visit a woman officer with the 
wrath of God for relations with an 
enlisted man while dismissing the 
charges of their own investigation 
and a review into the actions of two 
airforce F-15 pilots who shot down 
two unarmed U.S. helicopters over 
northern Iraq on April 14. 1994. 
killing all 26 on board, including 
my wife, Barbara Lynne Schell. 

JOHN G. LAYLIN JR. 

Arreau. France. 


N EW YORK — Last January 
I was home in Denmark with 
my American husband. 

As we walked through the 
wintry streets of Copenhagen with 
our one-month-old son, we saw 
baby carriages, with babies in 
them, parked on the city’s side- 
walks. 

Inside the local cafgs. mothers 
chatted with their friends. My 
husband was shocked. 

But we live in New York. New 
York, where I wouldn’t leave a 

MEANWHILE 

chained and padlocked empty- 
baby carriage for one minute 
where I couldn't see iL New York, 
where we once parked two baby 
carriages outside a restaurant — 
without babies, of course — and in 
minutes had the neighborhood’s 
homeless population checking 
them out as possible modes of 
transporting their belongings. 

We politely told them we were 
using the strollers and they, just as 
politely but with obvious regret. 

But in Denmark, people park 
their empty baby carriages un- 
attended outside apartment build- 
ings. supermarkets and cafds. No 
one takes them. No one needs to 
take them. There are no homeless 
people. By American standards, 
there are no poor people. 

Often. Danish parents also 
leave their babies outside. For one 
thing, Danish bab}r carriages are 
enormous. Babies ride high above 
the world on horse-carriage-size 
wheels. It's hard to get such a 
carriage into a cafe, fix would be 
impossible to get one into a New 
York apartment.) 

Besides. Danish cafigs are very 
smoky places. Our baby would 
come borne from our cafg visits 
smelling a lot like an ashtray, be- 
cause, now that I’m a reasonably 
paranoid New Yorker, I brought 
him inside. 

But there's a different health 
consideration as well. In Den- 
mark, people- have an almost re- 
ligious conviction that fresh air. 
preferably cold air, is good for 
children. All Danish babies nap 
outside, even in freezing weather 
— tucked warmly under their 
plump goose-down comforters. 

In New York, playgrounds 
empty out when it’s cold. In Den- 
mark all children own a sort of 


polar survival suit that they wear 
from October to April, and they go 
out even' day. even in winter. 

In Noway, where the weather 
is even worse, my sister was told 
when she enrolled her 8-month- 
old son in day care that he would 
need a rain suit — the kind fish- 
ermen wear on the North Sea. 
Though he wasn't yet walking, he 
was expected to crawl around in 
the playground every day; rain 
was no excuse. 

So when I heard about the Dan- 
ish mother attested for leaving her 
14-month-old daughter outside a 
restaurant in New York’s East 
Village. I at first laughed is dis- 
belief at this gross cultural mis- 
understanding. 

Perhaps she was being naive 
about the dangers of New York — 

Fresh, cold air is 
considered a tonic in 
Denmark, where 
babies regularly are 
put outside to nap. 

and we may not know all the de- 
tails of her situation — but in 
Denmark her behavior would have 
been considered perfectly normal 
The woman's critics, pointed 
out that it was “chilly" outside. 
But by Danish standards ir was no 
doubt balmy. 

Then I thought of the baby, who 
was taken by the police and tem- 
porarily placed in foster care. At 14 
months, babies already know a lot 
about tiie parameters of their safe 
little world At its center are then- 
parents. How horribly frightening 
to be separated from your mother 
and placed with complete strangers 
speaking a foreign language. 

Maybe the people who called 
city authorities to “save" the 
Danish baby really thought they 
were doing a good deed. Maybe 
the police thought they were 
teaching the mother a valuable 
lesson by jailing her. 

As is all too often the case, 
the well-being of the child was 
lost in. this high-minded finger 
wagging. 

The writer, a senior editor at the 
Farrar ; Straus & Giroux publish- 
ing house, contributed this com- 
ment to The New York Times. 


BOOKS 


h.. 

fe» **>'*:: ;• 

I flf a - 
i*e*0rv 


m ^ Tv 

3.*- * 

iwuiff toy- • 
few 

ggfc; 

.*»■ 

EbiSk*** 




** 

■Thu? 

m 

mnt& 


m ts.am;? 


a**- r' ,; 

S M* 

tv 

m 

lo* tr’. ■ 

V A 

,-ttt P-- 


I •« : 


EVE’S APPLE 

. By Jonathan Rosen. 312 
pages. $24. Random House. 
Reviewed by 
Richard Bernstein 

T HERE is a brief, suggest- 
ive reference to “A Hun- 
■ ger Artist" by Franz Kafka in 
this impressive, psychologic- 
ally rich first novel by Jonatir- 
' an Rosen. The Kafka story, 
disturbing and mysterious 
' like all Kafka stories, is much 
-admired by one of Rosen's 
' two main characters, Ruth Si- 
, mon, who is a kind of hunger 

’ ' artist herself, a bright middle- 

class New Yorker in her early 
' 20s who is afflicted with an- 
orexia nervosa, an eating dis- 
' order that most often strikes 
young, smart women. 

“A Hunger Artist" is by 
no means the model for 
Rosen's book, which has 
□one of the matter-of-factness 
. in tiie face of the grotesque so 
characteristic of Kafka. But 
“Eve's Apple" and "A Hun- 
ger Artist” are similar in at 
: least one important respect, 
aside from their use of food as 
a central human preoccupa- 
tion. The Kafka tale could be 
construed as a story about the 


man who. with overweening 
pride in his skill, fasts for 40- 
day stretches before crowds 
of onlookers, but it is really 
about the onlookers them- 
selves, who feast on Ms self- 
starvation and then spit him 
out with boredom. 

Similarly, it would be easy 
to think of Rosen's tale as a 
story about a woman with an 
eating disorder. But “Eve’s 
Apple" is narrated by Joseph. 
Ruth’s boyfriend, and what he 
tells is a story about himself, 
about his grappling with his 
own egoistic tendency to mix 
up love and need, hubris, and 
generosity, so as to become a 
kind of hunger artist himself. 

“Eve's Apple," in this 
sense, is a quietly powerful 
exploration of a theme as old 
as the story of Adam and Eve, 
a theme that Rosen, with Ms 
aptitude for subtle psycholo- 
gical examination, has trans- 
formed into an absorbing, in- 
telligent tale of love and the 
mysteriousness of the other. 

Joseph and Ruth are a 
young couple, recently gradu- 
ated from college, who live 
together in New York. 
Joseph, who is uncertain 
about his future, teaches Eng- 
lish at a school for recent Rus- 


BEST SELLERS 


New York Times 

This list is based on reporu nmn mere 
than 1000 bookstore* ihroogbout tbc 
United Scares. Weeks on lisi are nw 
necessarily consecutive. 

FICTION 

Wert Wfc «n ll» 

1 PRETEND YOU DON'T 
SEE HER. by Mary 

2 iota 

Grisham 2 ,u 

3 THE RANCH, by Danielle _ ? 

4M &nY55KC5 . 

, 4 
s „ 

,SSPWBSUare 7 , 

Jan Karon- — — -,1 

SAEFAIR. by Amanda & ^ 

10 SMALL ^3?* * » - s 

Robert B. 

11 io jo 

12 Chromosome (1 7 

g 5 

I iBSteTcHaS. * „ 

MarwBincby — 

NONFICTION 

L ANGELA S ASHES, by , , s 

isasssfys; 5 

K/akauer * * 


4 JUST AS.I AM, by Billy 

Graham 1 

5 MOTHERS & DAUGH- 

TERS, by Carol Saline and 
Sharon t. Wohimulb 4 3 

fi CONVERSATIONS 
WITH GOD: Book 1. by 
Scale Dank) Walsd) — 3 22 

7 LOCKED IN THE 
CABINET, by Robert B. 

Reich-.-— ° ^ 

g THE MILLIONAIRE 
NEXT DOOR, by Thomas 
L Stanley and william D. 

Danko— 9 17 

9 MIDNIGHT IN THE 
GARDEN OF GOOD 
AND EVIL, by J<to 
Bereath— " ‘ 48 

10 PERSONAL HISTORY, 
by Katharine Graham. — 7 

11 THE GIFT OF PEACE, by 
Joseph Car di nal Bessar- 

.fin — IO ■- 

12 NICKEL DREAMS, by 
Tanya Tucker with P»si 

Bale Cox 1 1 5 

13 CONVERSATIONS 
WITH GOD: Book 2. by 

Neale Donald Walsdi — 1 

14 WALK ON THE WILD 
SIDE by Denni* Rodman 

with Michael Silver — ... 1 

15 NAKED, by 

Sedans *- 

ADVICE. HOW-TO 
AND MISCELLANEOUS 

1 RIDS ARE FUNNY, from 

•■The Rosie O'Donnell ^ 4 

2 SIMPLE ABUND ANCE . 

by Sarah Ban Breadma* 2 5S 

■x jQqht WEEKS TO 
3 ® l MHE*Lra.by 
Andre* Weil—- —--— -— 
jTOADUNGA'nCTtg 
Eari Woods wnh fee , 

McDaniel 


si an immigrants, whose 
gritty, funny sense of realism 
contrasts with the unhappi- 
ness of affluent native-born 
Americans. Ruth studies ait, 
goes every morning for a ses- 
sion with her therapist and 
straggles with her illness, in 
part by minutely recording, 
with poetic terseness, the 
fluctuations in her image of 
herself in her diary. 

The flaw in the idyll of this 
attractive young couple, “the 
sole obstacle to our happi- 
ness," as. Joseph puts it, is 
Ruth's eating disorder, which 
fills her lover both wife dread 
that she might destroy herself 
and wiih a powerful need to 
save her. As he introduces 
Ruth and Mmself; Joseph pre- 
figures the discovery he is 
destined to make as the story 
unfolds. “People have al- 
ways valued me for my calm 
exterior, for my carefully cul- 
tivated optimism." he says. 
What be is to discover is that 
“darker desires" lurked in 
him as well as in Ruth, that he 
loved Ruth not in spite of her 
condition but, much less 
wholesomely, because of iL 

Gradually, Rosen sketches 
in ihe growth of Joseph’s ob- 
session even as he fills in the 
essential background Ruth’s 
supposedly loving, nightmar- 
ishly withholding parents are 
a pan of the background. But 
Joseph, too, while having 
learned to “banish the ghost 
of sadness from my own 
life," is haunted by the sui- 
cide some years earlier of his 
• older sister, Evelyn. Stealth- 
ily, he reads the diary that 
-Ruth keeps in her dresser 
drawer and that chronicles her 
bouts of bingeing and self- 
starvation, her disgust for 
food, her simultaneous addic- 
tion to it and her feelings for 
Joseph. As an act of love (he 
assumes), Joseph embarks on 
a kind of intellectual quest,' to 


understand Ruth and to res- 
cue her from herself, care- 
fully keeping his library re- 
search to himself. 

“I thrilled to the strange 
sensation of researching 
Ruth." he says, sitting in die 
main reading room of the 
New York Public Library 
bingeing on books about eat- 
ing disorders, uncovering the 
horrors of human self-anni- ( 
hilation. “I could not have 
formulated exactly what 1 1 
hoped to find but I was drawn 1 
by some dream of salvation, i 
as if Ruth's voice murmured < 
to me out of the muffled 
echoes of the marble hall, 
whispering up from the 
riffled pages of borrowed 
books.” 

R OSEN is in impressive 
control of these inter- 
locked secret lives. His own 
vision of tMngs seems to be 
provided by one of his char- 
acters, Ernest Flek, a kind of 
defrocked psychoanalyst and 
a figure of power, physical 
and intellectual. Joseph, fall- 
ing deeper into his obsession, 
seeks Flek out to talk about 
Ruth, to get the answer to the 
question of her illness. 

Enlivening the narrative is 
the intelligence of the two 
main characters, their well- 
roundedness. Enriching the 
tale. also, is the theme of hun- 
ger, literal hunger and meta- 
phorical hunger, the hunger 
of Adam and Eve for know- 
ledge and of contemporary 
men and women for love and 
power and control Rosen, in 
other words, has developed 
his theme into a full world of 
moral and spiritual ambigu- 
ities in a novel that is en- 
joyable to read, even sus- 
pense fill . in its way. and 
intellectually provocative. 

Richard Bernstein is on the 
staff of The New York Times. 


Living in the U.S.? 

Now printed in New York 
for same day 
delivery in key cities. 

To subscribe, call 
1 - 800-882 2884 
(in New Yorit, call 212-752-3890) 

limlbS&ribunc 

» ««■ "in H ■«» m •*# m mrAiuu rar 

THE WORLD’S OUU' NEWSfaPER 






By maintaining a far-flung network of news-gathering resources, the World's Daily 
Newspaper brings you unrivalled coverage of worid politics, business and economics, 
as well as science, technology, travel, fashion, the arts and sport — all from an 
^ international perspective. 

" Take advantage of this limited opportunity to try the International Herald Tribune 
with a low cost, 2-month trial subscription and enjoy delivery to your home or office 
every morning. 


COUNTRY/ORRENCY 


2 MONTHS 2 MONTHS 
P^WSSTAfC OFFER 


DISCOUNT 

OFF 

COVBt PRICE 


GREAT BRITAN 
GREECE 


LUXEMBOURG 

NETHEOAICS 

NORWAY 

PORTUGAL 


SWJTZSaAM) cw 

BSEWHBE ■ 5 “ 

• for in fo rnmiCf i ttBtwnino hand 


• For wermcriM eenaniifig hand dcfr'wyin major < 
Cmmanf at. 0130-84 83 85 or lb (069) &7124311 . 


■ cefi ml fmo HT J 


Yks, I wouW Ska to start meaning die trdtmofionai Hmdd Tribute. 21-5-97 

□ My dwek a andoud (payable lo the HT) 

□ Pieasn charge my. 

□ Amec OUmCU □ VBA D Accost □MasterCard □ Eoroaurl 
Credit cwd charges wffl be made in French Francs at amen! rates. 

Cwd No; Exp. Dale: 

Signature: 

Far business orders, indicate your VAT No: 

PHTVAT Nuirbv FR74732021 1 28) 

Mr/Mrs/Mi Family Name: 

First Name: tebTife j 

Maifeig Address: 

Gy/Code: 

Country: ■ 

Hom'U —Business TU Nk_ 

E-Mail AdtWu 

Igot this copy of ihe IHT at. □ Idask □ hotel □ oetne □ alW 

□ I do not vreb to rereire ^information ton, ether cureUy sow*d con«nies 

187, awnrte Charire de GmOn. S25?| Nmefy Codex, fireiet 

Fac *33 141 43 92 10 

OR CALL *33 7 47 439367 

fnA^a: £%££££* ’-*00*82-2884. 

HA2M 


INTERNATIONAL HERALD TRIBUNE, 
WEDNESDAY, MAY 21, 1997 
PAGE 12 


STAGE/ENTER TAINMENT 


Serenity on His Mind 
James Taylor Hymns 

‘ Hourglass ’ May Be His Best Album 


By Stephen Holden 

New Tori Times Service 


N EW YORK — With typically 
sly humor, James Taylor de- 
scribes the mystical songs on 
his new album, “ Hourglass,” 
as ‘“spirituals for agnostics.'' * 

One song, “Up From Your Life," 
.starts out by declaring “‘God's not at 
home.' ' then does a U-turn in its chorus 
; io implore “Look up from your life” 
and to talk about an “ancient and 
( sweet" river connecting all things. 

Another song, “Up Er Mei," de- 
scribes a powerful feeling of being 
‘“blessed" that Taylor says he expe- 
rienced while climbing a sacred Buddhist 
mountain in the Sichuan province of 
China with his two children. 

In "Gaia.” a rhapsodic hymn to the 
balance of nature inspired by the the- 
ories of the British scientist James E. 
Lovelock, the singer calls for prayers for 
the earth and for himself. 

Has this gifted, famously troubled 
singer-songwriter suddenly found God? 
Not quite. But as he has coped with die 
successive deaths of several close rela- 
tives and friends and with the breakup of 
his second marriage, he appears to have 
found a tentative peace ana accepted the 
inevitable changes life brings. The 
songs evoke a Zenlike embrace of life's 
simple pleasures. 

“Growing up in North Carolina, I 
missed the boat on most religions." 
Taylor explained during a recent visit to 
New York to participate in a rain forest 
benefit conceit at Carnegie Hall. 

“My dad was basically an atheist or 
at best an agnostic," he added. “But 
music has such a spiritual component. 
There's also my recovery from addic- 
tion. which has been going on for 13 
years. There's something about intox- 
ication and oblivion-seeking tbat 
closely parallels a spiritual need." 

Taylor, the patrician '70s troubadour 
made famous by songs like “Fire and 
Rain," “Carolina on My Mind" and 
Carole King’s “You've Got a Friend," 
is now 49. His thick, shoulder-length 
locks have thinned considerably, and he 
is pale and beanpole thin, with blue eyes 
thar burn behind wire-rim spectacles. 

Clad this day in a dark blue work 
shirt, black slacks and boots, he has the 
demeanor of a prosperous. God-fearing 
19th-century farmer as he slouches in a 
chair in a midtown Manhattan hotel 
room. When not on tour, he returns 


to his home on Martha’s Vineyard. 

“James has always reminded me of 
Abraham Lincoln because of his height 
and his lugubriousness.' ’ says his friend 
Sting. “He’s the archetypal Southern 
gentleman and a great storyteller." 

Taylor’s string of losses began four 
years ago with the death of his older 
brother Alex, whose rock band, the Fab- 
ulous Corsairs, he had joined in the mid- 
‘60s when he was still a teenager. 

Aboutthe details of die death, Taylor 
would say only that it came “after a long 
snuggle with the family demon” and 
that “his being my older brother and 
being only a year older really shifted 
tilings for me.” 

The loss is remembered in the song 
“Enough to Be on Year Way,” an 
exquisitely tender ballad that begins at a 
funeral and describes the ashes of a 
woman cremated in New Mexico blow- 
ing over the San Juan Mountains. 

The death of Taylor's brother was 
followed several months later by the 
death of his father's new wife. Sue. who 
was around the same age as the singer. 
Then last June, Don Grolnick, Taylor’s 
producer, keyboardist and collaborator, 
succumbed to lymphoma at the age of 
48. Taylor remembers him as “a very 
lovely man who impacted people in a 
profound way." and “Hourglass" is 
dedicated to him. 

Finally. Taylor’s father, who was suf- 
fering from multiple ailments, died last 
November. Around the same time, 
Taylor's marriage to his second wife, 
the actress Kathryn Walker, unwound. 
He has a new companion now, Caroline 
Smedvig. an executive with the Boston 
Symphony Orchestra. And he is close to 
Sally. 23. mid Ben. 20, his two mu- 
sically gifted but career-shy children by 
his first wife, the singer Carly Simon. 

D ESPITE these losses, “Hour- ■ 
glass." his 16th studio re- 
cording and first collection of 
new material in six years, is a 
far from mournful album. The sense of 
depression that was palpable on earlier 
Taylor albums like “Hag" and “Dad 
Loves His Work" is nowhere to be 
found on the new record, which may be 
his finest album in two decades, and 
possibly his best ever. 

Along with Paul Simon, Joni 
MitcheU, Jackson Browne and the late 
Laura Nyro, Taylor helped found the 
singer-songwriter genre, the folk-ori- 
ented confessional soft-rock style that 



‘Rent’ Raises 
Theater’s Sights 

Hit Gives N. Y. Workshop Stage a Lift 




, !to» l,ra 


By William Grimes 

New York Times Service 


Sezanne DrChiborTbe N*» Yak Tunes 

Taylor's new album is his first collection of new material in six years. 

and reared in Chapel Hill, North Car- 
olina, has forged out of these influences 
is something quintessential ly American. 
His distinctly reedy voice with its Car- 
olina twang conveys a paradoxical mix- 
ture of resilience and aching fragility. 

Because even his darkest songs are 
written in major keys, there is always a 
play of shadow and light in his music. 
He has the ability to sculpture a song on 
a guitar so that it feels three-dimen- 
sional without wasting a note. 

* “James has a way of getting the guitar 
to speak that’s very particular, and that's 
all his," said the °uitarist Pat Metheny. 
“It has to do with nis touch, which is the 
equivalent of Bill Evans on the piano." 

Eminem guest musicians, including 
Yo-Yo Ma (on cello j. Stevie Wonder 
(harmonica). Branford Marsalis (sax- 
ophone) and Shawn Colvin and Sting 
(background vocals) add extra fillips of 
texture to the new album, which is char- 
acteristically spare but warm. 


dominated American pop in the early 
1970s. Among his fellow pioneers, 
Taylor has probably changed less mu- 
sically than any of them. His austere but 
tender Appalachian-flavored folk-pop 
is as instantly recognizable as it was 30 
years ago. 

“I write on guitar in a style which is 
very concise and doesn't allow’ me to 
break loose,” Taylor explained. “The 
limits of my guitar and of my vocal 
range are what keep it identifiable and 
contained. Songwriting for me is also 
not a conscious process. It's really just 
what happens to come through, a chan- 
neling process." 

When Taylor took up the guitar, the 
first songs he played were the hymns 
and carols from the Protestant hymnal at 
his Massachusetts boarding school, 
Milton Academy, and he constructed 
his finger-picking technique around 
their harmonic structure. 

What Taylor, who was bom in Boston 


N EW YORK — Id the world of 
nonprofit theater, success is a 
relative thing. “Two years 
ago. I’d come to work and 
wonder whether we’d be here tomor- 
row," said James Nicola, the artistic 
director of New York Theater Work- 
shop. “Now I wonder whether we'll be 
here two or three years from now." 

The difference, of course, is ' “Rent. " 
Just over a year ago. Jonathan Larson’s 
musical, after years of painstaking de- 
velopment at the workshop, moved in 
spectacular fashion from the East Vil- 
lage to Broadway, where it con- 
tinues to draw sellout crowds after win- 
ning the Pulitzer Prize and the Tony 
Award for best musical. 

One of two national tours is about to 
complete a very profitable if not trouble- 
free engagement in Boston. Early ticket 
sales in Sl Paul and Los Angeles, sug- 
gest that “Rent." contrary to some pre- 
dictions, will translate outside the orbit 
of New York. “When ‘Rent’ opened, 
we were panicking about meeting the 
payroll that week," Nicola said. 

The picture looks very different 
today. The New York production, in its 
. first year, has channeled about $500,000 
into New York Theater Workshop, said 
Nancy Kassak Diekmann, the managing 
director. The amount exceeds the work- 
shop' s total budget when Nicola arrived 
in 1988. and the road productions will 
add substantially to that. 

One company will open at die La Jolla 
Playhouse, then move to Los Angeles in 
late September. A Canadian company 
opens in Toronto in December. 

“Rent" has changed everything and 
nothing there. The workshop continues 
to do what it has always done, serve as 
an incubator for young playwrights and 
directors, about 200 of whom, known as 
the Usual Suspects, enjoy a familial 
relationship with the theater. 

After “Rent," the workshop resumed 
business as usual though it is true that 
die subscription audience has grown to 
4.200 from the pie- 'Rem" 2,600. This 
season opened with Theresa Rebeck's 
“View of the Dome," an angry satire 
about Washington politics- That was fol- 
lowed by the theater’s more or less an- 
nual package of one-act plays billed as 
the 0 Solo Mio Festival, and David 
Rabe's “Question of Mercy, “ a play 
about assisted suicide. But signs of 


change are in the air. Diekmann, who has 
been at the workshop since 1984. will 
leave at the end of the season. With the 
Th eater in solid financial shape, she said, 
the time is right to find out “if there is 
life after being a managing director." 

Perhaps more important, Diekmann 
said that she and Nicola do not agree on 
tiie theater's future. “I’m more com- 
fortable with where we are, and die size 
we are.' ’ she said. “He wants to woikon 
a much bigger palette. He has an energy • 
for that that I don't have." 

The final production of the season is 
“The Devils" by Elizabeth Egloff, the 
author of “The Swan.” Her current 
play, she said, was inspired by 
Dostoyevsky’s novel about a band of 
Russian revolutionaries held in thrall by 
a charismatic leader. Directed by Gar- 
land Wright, it opens Wednesday. 

With “The Devils,” the largest, most 
complex production the workshop has^ 
done, Nicola is raising the stakes. HLsr 
ambition is showing in other ways.' 

When Nicola arrived at the work- 
shop. it produced four plays a season. Its 
annual budget has increased threefold, 
to $1.5 million, and will jump to $2 
million next year. Yet it still produces 
four plays a season. 

Nicola says he spends too much time 
deciding whom to say no to. “That’s 
unpleasant,” be said. He is shooting for 
five productions next season. 

O DDLY enough, the “Rent” 
bonanza has been a mixed 
blessing, as the workshop 
gathers itself to raise money 
for its expansion and to support a more 
ambitious program. 

“We hear from some funders, 
‘You’re rich, you have “Rent.” ’ Nic- 
ola said. “But we don’t want to 
squander ‘Rent’ on operating expenses. 
We’re pooling it and very carefully con- 
sidering where to put the windfall.” 

In a profit-driven, individualistic so- 
ciety, the workshop proposes, in the 
woric it fosters and the methods it pur- v 
sues, an alternative model: a social in- 4* 
stitution based on cooperation, collab- 
oration and a blithe disregard for 
commerce. “What better way to raise 
questions about community than 
through this art?" Nicola asked! 

The wonder of wonders is that the 
workshop has achieved what tire most 
steely-eyed Broadway producers chase 
after, usually in vain — a fat, capitalist- 
style profit margin. 



‘:;r Hr**T*i 


hsiness 


r.r ^ - 


The Harriman Auction 


By Paula Span 
and Judd Tully 

Washington Post Service 


N 


EW YORK — A 
pair of velvet cush- 
ions embroidered 
with Pamela Harri- 
man ’s family crest of an os- 
trich holding a horseshoe sold 
to a Los Angeles interior de- 
signer for S2.415. Before the 
auction. Sotheby’s estimated 
they would bring $200 to 
$300. 

A Georges Seurat'oil titled 
“The Stone Breakers.” 
which Harriman hung in rbe 
ambassador’s residence in 
Paris, fetched $552,500 from 
an unidentified American 
dealer, (ess than the $600,000- 
to-$800,000 estimate. 

And a still life of a jug and 
bottles by Winston Churchill 
— "the newest artist of the 
day," the president of Sothe- 
by’s declared — brought a 
record $184,000. 

The possessions that filled 
three homes of the late Pam- 
ela Digby Churchill Hayward 
Harriman went on the block 
Monday night for the first 
round of three days of sales. 
The atmosphere was re- 
strained and prices uneven, 
but the total of $4.7 million 
for Monday night’s session 
easily exceeded Sotheby's 
presale estimate of $2.6 mil- 
lion to $3.6 million. 

“There were clearly a lot 


of people bidding tonight 
who knew [Harriman] and 
wanted to own something that 
belonged to her," said Diana 
D. Brooks, Sotheby’s CEO 
and Monday night's auction- 
eer. “When things go for 10 
or 15 times the estimate, 
there's clearly an aura." 

The 1,165 lots comprised 
more than 6,00 0 items, count- 
ing each goblet and dinner 
plate. As with die Jacqueline 
Kennedy Onassis auction that 
Sotheby’s orchestrated last 
spring, the objects ranged 
from the precious ( notably an 
1878 John Singer Sargent oil 
that sold for $1.4 million but 
which had been estimated to 
bring $750,000 to $1 million) 
to the unremarkable to the un- 
sellable-if-owned-by-any- 
one-else. 


H 


1 ARRIMAN’S most 
treasured artworks 
— a Picasso, a Ren- 
.oir and a Matisse — 
already are gone. Christie's 
sold them two years ago for 
$18.7 million as Harriman 
scrambled to pay the settle- 
ment of her long legal brawl 
with Averell Harriman ’s fam- 
ily over her alleged misman- 
agement of his estate. 

Manhattan dealers were 
tactful but unenthusiastic 
about what remained in die es- 
tate: antique Bench and Eng- 
lish furniture, cases of china 
and flatware, autographed 


books, and odds and ends as- 
sociated with her father-in- 
law, Winston CharchflL 

Teams of . Sotheby's 
staffers descended on Hard- 
man's Georgetown mansion 
in Washington, her Middle- 
burg, Virginia, estate and Par- 
is residence shortly after her 
death in February to cata- 
logue and photograph her 
possessions and ship them to 
Manhattan. 

“I’m not saying she had a 
pile of rubbish — there are 
some nice dungs," said Herve 
Aaron, president of Didier 
Aaron, which deals in Old 
Masters and antique Euro- 
pean furniture. “But nothing 
I’d really want to fight for.” 

But as Sotheby’s readily 
acknowledges, the intrinsic 
value of these bibelots and 
ormolu statuettes was largely 
beside die point What 
mattered was that Pamela 
Harriman owned them. 

“Had she not been Pamela 
Harriman, had John Smith ap- 
peared with the same items, 
we would have split them up 
into their specialty areas." 
porcelains incorporated into a 
porcelain sale, paintings into 
an auction of paintings, said 
C. Hugh Hildesley, executive 
vice president of Sotheby’s 
North America. 






LONDON THEATER 


2 Musicals : With Acid and With Sugar 


«r 


: * ifc'j 




By Sheridan Morley 

International Herald Tribune 


L: 


ONDON — With the future of the stage 
musical a matter of considerable trans- 
Atlantic debate, it is good to have open- 
ing in die same week two such disparate, 
diverse and deeply opposite singalongs as 
“Beauty and the Beast" and “The Fix." 

Clearly "The Fix" (Warehouse) still needs 
some fixing, but for those who like their musicals 
by Sondheim out of Kander and Ebb. this is a 
knife -edged and courageously rock-edged score 
by two unknown Americans, John Dempsey and 
Dana P. Rowe, which unlike almost any other in 
town is totally original insofar as it has no movie, 
play or best-selling novel in its background 
Or rather it has several: you could trace the 
origins of "The Fix" back to such paranoid 
Washington conspiracy thrillers as "The Man- 
churian Candidate." or forward to any sleaze- 
tabloid life of the Kennedys. 

The book of “The Fix" is something of a 
shambles. It opens with the death of a presidential 
candidate and the decision by his wife, played by 
Kathryn Evans halfway from Lady Macbeth to 
Rose Kennedy, that if she can't be a president's 
wife she can at least be his mother. Aided and 
abetted by her brother-in-law, a wheelchair- 
bound gay with a stammer who forces his nephew 
to have sex with him in one of the show’s many 
moments of gala bad taste, the mother from 
Washington Depths gets her boy within spitting 
distance of the White House only to have him 
killed by the Mafia, which seems to have 
stumbled in from some altogether different plot. 


And that, rather than the score or the playing, is 
what goes so wrong with "The Fix." Its creators 
appear to have set out on a blood-stained Wash- 
ington satire only to get caught up in a plot of such 
complexity that even they have trouble in work- 
ing it through in time for the final one-man 
massacre. You could argue that Kander and Ebb's 
* ‘Chicago’ ’ has much of the same failure, but its 
score has a kind of overriding confidence, where- 
as here a score of wondrous variety (everything 
from rock through soft-shoe shuffles to ballads of 
lost love) never quire gets itself together. 

The result is a black parody of White House 
excess and American dreams turned into night- 
mares. Incest, rape, murder, madness, everything 
that makes Washington politics so much more 
fun than ours are batched into a manic musical 
farce about a would-be First Family so dys- 
functional as to make the Borgias look like the 
Blairs. At times a rock version of “I Claudius,” at 
others * ‘Caraelot’ ' rewritten by Brecht, Weill and 
Harold Robbins, "Die Fix” is as misshapen as its 
central characters and at best a ‘ ‘Guys and Dolls' ' 
rewritten in blood and acid. 


II 


‘N the end it really doesn't quite work, not 
least because Sam Mendes's agile produc- 
tion drifts hopelessly into caricature. But 
.never since the arrival of Sondheim and 
Kander/Ebb — and we are talking at least 30 
years here — have L been so sure of a new 
American musical talent. I don't think I ever want 
or need to see “The Fix" again, but l can’t wait to 
see what Dempsey and Rowe write next. Camer- 
on Mackintosh has found another songwriting 
team of real theatrical excitement: it's just that 


this one still has a longer route to travel backstage 
until they get it right. Nevertheless, on a space- 
restricted Warehouse stage, ihe choreographer 
Charles Augins has managed some of the most 
breathtaking musical routines in town. 

Bui if you prefer your musicals the way they used 
to be. then hasten to “Beauty and the Beast" 
(Dominion), or rather “Disney’s Beauty and die 
Beast" as the posters have it, presumably because 
they figure thar the Brothers Gnmm are no longer in 
touch with their copyright lawyers. This, at $10 
million the most expensive show ever staged in the 
West End, is essentially an old Palladium pantomime 
in which the scenery does most of the acting and the 
production is redolent of all those theme-park shows. 
On Broadway the musical has made powerful en- 
emies, largely because rival musical producers have 
neither the Disneyland cash nor tire access to their 
own television networks for See advertising and 
cross-promotion. Here there is no such problem. 

As a result we simply have a huge musical hit 
with no political or economic significance for the 
West End. My 90-year-oid father-in-law reckons 
it the best show he’s seen in seven decades of 
theatergoing, and only a cynic or a drama critic 
would tire of dancing soup-tureens and a magical 
transformation of Beast into Prince, only frac- 
tionally ruined here by some split-second late 
cueing backstage. 

The book has one good joke about the Beast's 
lair (“If it ain't Baroque don't fix it"), and the 
Mencken/Ashman/Tim Rice score is never less 
than relentlessly adequate. This is “Phantom of 
the Opera" meeting mad King Ludwig of Bav- 
aria, and I see no reason why. like all the other 
Disneylands, it should ever go away. 








■■ ^ 

">■■■■■ ZtvfrmtHi 
’ -A'sddctckh ': 

■ret, 


®°Uar Outl 


fr'lPi 




-rrvrr-y intfea- 
\ s:ke:ihood rtf 

after the 

- ; iecjiioa 
rates u»- 


. l|*r. _ '■ -i- 

vr.-> 

Jjaec of d oUto- 

t-.r.'' u: --. £ * \2 w 





IFOI The Crans 
’I Montana Forum 

.'S'-. Switzerland - VIII yearly meeting 
■•••’ 1997, JUNE 26 to 29 
The Reconstruction of Beirut and Lebanon 

The Crans Montana Forum offers an exclusive business 
meeting at the highest level of economic decision makers 
around Mr Rafik Al-Harfri, Prime Ministecof Lebanon and 
top Ministers of his Government. All issues related to the 
reconstruction of Lebanon and its place In the regional 
co-operation will be studied: exchanges, foreign Invest- 
ment. incentives, energy, infrastructures, financing, air- 
ports, telecom, tourism, transport, banking etc. 

The Crans Montana Forum is the only Forum with a strict- 
ly limited access where you can really meet governmen- 
tal representatives, officials and decision makers from all 
over the World t including international Organisations!. 
Besides the traditional participation of Europe - Western, 
Central and Eastern - Central Asia and the South 
Mediterranean - more than oO countries represented - 
the 1997 Forum welcomes also top level delegations from 
Belarus. Egypt, Estonia, Kirghistan. Morocco, South 
Africa. Turkey, and Caucasus States (focus on transport & 
supply of energy) 

Inf ormation and Registration* 
phone (+41 22) 79 * 70 40 
fex (+41 22) 791 70 41 


A Splendid Revival of Donizetti’s ‘Linda’ in Bologna 


Sr, "“SS 

h hi 


French 


. Dcundfce. 

DM * - 

me 


- : ■ . rv 


By David Stevens 

International Herald Tribune 


B 


OLOGNA, Italy — 
This city’s Teatro 
Com unale can cer- 
tainly not be ac- 
cused of neglecting Donizetti. 
It was quick to perform 
“Linda di Chamounix" after 
the Vienna premiere in 1842, 
bur the splendid revival it has 
just given the work — in the 


200th anniversary of the com- 
poser's birth — is the Comun- 
ale’s first in more than a cen- 
tury. 

‘ ‘Linda' ’ is the composer's 
last and doubtless best opera 
in the semiseria genre, which 
falls into no classic category 
but borrows from all. by turns 
tragic, comic and sentiment- 
al. Donizetti, experienced in 
all kinds of Italian opera as 
well as in French grand opera 


and opera comique, made the 
most of the opportunities, and 
the score — with six major 
singing roles — is one of his 
richest, despite a libretto that 
is not much help. 

Linda is a peasant girl in 
the French Alps who is har- 
assed by the local marquis (a 
buffo role), and her upstand- 
ing parents send her off to 
Paris with a group of local 
workers. She is followed by 


her boyfriend, a nobleman 
who has been posing as a im- 
pecunious painter. In Paris, 
he installs Linda in luxury 
while he tries foil his moth- 
er’s plans to marry him off 
suitably. Misunderstandings 
give the soprano a mad scene 
to close Act 2. bur when the 
tenor sings their love music in 
Act 3. she regains her mind 
and all ends happily. 

The one famous piece in 


the score is the soprano's 
charming and lively Act 1 
aria, a staple of the coloratura 
repertory. But the drama is 
really driven by a series of 
duets, dramatic confronta- 
tions of the kind that Verdi 
used with such success. 

As the improbably chaste 
Linda, Mariella Devia sang 
with easy agility and acted 
diligendy — particularly in 
the second act. in which she is 


Schiphol 

TV 

■ milt 


NOT JUST FOR 

NATIONAL ADVERTISERS... 


Departing and transfer passengers watch live news 
on the hour, sports, fashion, music and film. 

Near the duty free shops, in the waiting areas and at 
all gates. For advertisers .1 unique oppormnitv ro reach 
this captive audience. 

As experienced bv Seagram lntemarion.il. 


For in form.it ion contact: Mr. Arjan Siccama. 
Lenrz ST Flcns Total Communication. 

Phone *31 297 2ti h 130. Fax +31 297 26 3958. 


A unique medium at a unique location. 


constantly on stage — and 
Luca Canonici was appro pri- , 
ately handsome in voice and jfe 
person as tenor lover. 

Bruno Pratico all but stole 
the show as the buffo mar- 
quis. Donato Di Stefano’s 
resonant bass was just right 
for the high-priestly prefect; 

Stefano Antonucci was 
touching as the father, and 
Gloria Banditelii scored as 
Pierotto. the opera's trouser 
role — childhood friend, 
chimney sweep and hurdy- 
gurdy player, who keeps turn- 
ing up when Linda needs 
help. Gabriele Bellini was the 
fluent, supportive conductor. 

Denis Krief s production 
— he did the staging, sets. V 
costumes and lighting — 
functioned by suggestion and ! ;: £ 

avoided the libretto's pitfalls. 

The luxury of the Paris apart- _ 
ment was economically im- k -J.; jbS A'i 
plied by a few pieces of fur- A - 
niture and spot lighting. The 
one virtuoso showpiece was a 
circus setting for the mar- 
quis’s hilarious third-act re- 
turn to the mountain village. 










nann. whoha* 
ace 1984. 
ftfcat Wife tlie 
hipejhti^±\ 
«c ' if them* 


Dtefrrianm 

» not Agree on 

#» mure com- 
f. And the \n£ 

ha* an energy 

t the otSMNiift 
«h Fgk’fL&e 
_ Her t.unem .• 
. impiiwl fay -. 
out 4 band of 
*hi in thrall b> 
retted by Gar- 
?Unevdav. 
se larges?. mo« 
warfcshophA. 
k.sAk».lw 
foerwayv 
ymiht +6tk- 

iVliSnUMLlii ; 

Ased ihrocfokL 
ttjimpiaC : 
f still prahctt. 

ion modi tone . 

w tb. “TlutV 
intending to* 

sml ;_i' 

3 , At^'Rrm" 
hfaM a tatita: 
^IF ttOJfahdp 
» tw*c w**?> 
4Kpfmr a **<* 

emt twdtr*. 
" •H i tm, ': •' .w- 

m’i 


5 ss& 

SgJ* 

WlLL 

' >>V' 



Heralb^S-Sributtc 

BUSINESS/FINANCE 



WEDNESDAY, MAY 21, 1997 


PAGE 13 




Nomura Scandal Spreads to Big Bank and Casts Shadow on 3 Politicians 


By Velisarios Kattoulas 

JntentatiMal Herald THh — 


';. rf .. uu 
J,r nghi 


u_- 


' tea cj.; 



. -OUoi yj 



SwsraSiPE 

C^c?r brai1 ^'^ 

** offices of Dai- 
Ichi Kangyo Bank Ltd. on Tuesday to 
■ search for evidence dial the bank had fent 
moreftan 30 billion yen ($258.8 Son) 

jNcxdu^ 1 ^ 31 cenler of a scandal at 
i rt ^^“KT Koike ' ** Portion- 

•ist in the Nomura bribery scandal was 
wasted last week. To dissuade* him 
company at a 
shareholders meeting in June 1995, 


Nomura allegedly tunneled 50 million 
yen to Mr. Koike through a so-called 
VIP account at the brokerage. 

On Tuesday, the chief government 
spokes man said three cabinet ministers 
held similar accounts at the brokerage. 

The spokesman. Seiroku Kajiyama. 
declined to name the ministers, but he 
said the three had received no special 
treatment from the brokerage. 

A Japanese weekly magazine, 
however, named the three account- 
holders as Prime Minister Ryutaro Ha- 
shimoto, Mr. Kajiyama and Finance 
Minister Hiroshi Mitsuzuka. 

The magazine, Shukan Gendai, said 
the names had come from “what appears 
to be a partial list" of VIP account hold- 
era. Nomura has admitted it has a VIP list 
for top customers including hundreds of 


bureaucrats and politicians, but it said the 
designation was for administrative pur- 
poses and did not mean ‘ ‘Very Important 
People" or imply privileged status. 

Mr. Hashimoto said neither he nor his 
immediate family bad dealt with 
Nomura, and he threatened to sue the 
magazine for libel Other officials, in- 
cluding Mr. Mitsuzuka and Trade Min- 
ister Shinji Sato, also denied having 
dealt with the brokerage. 

. About 100 prosecutors from the 
Tokyo Public Prosecutor’s Office par- 
ticipated in the raids on Dai-Ichi 
Kangyo ’s Tokyo headquarters and 18 
other locations in search of files on 
loans to Mr. Koike, The prosecutors 
also entered the main office of Daiwa 
Shinyo, a lending company affiliated 
with Dai-Ichi Kangyo. and homes of 



SHED 

: T rihune’s 

(jjjidp , 

OPPORTT^ 

• • • - III f. bill J| 

Tbunc 


-wa«e 


^ 1 m 1 1 nanae 

0 NTROi: 

= = CCUMUYTOp 

Wjic7i^Br ; 

S.jrts Oppanin to 

„ . ’ '' 

. .r. z.~ > 

srursArzri Sacv? ! 

■zzr-ssf’Kxwcs' 

a*. zor-wsiB; 



iCC2TiOPj i;. ( 

27 countries. \ 
Vafce veurs next* 1 


fctlKbtaqpr. 

* *fwcr- 
*e*e* & s q * er 
«fafc 




«* 


®*V4***2r 



SINESS 

artments 



Bill Griffeth, left. Sue Her era and Ron Insana host various programs for CNBC, the leader in the field. 

Business TV: Ticking Along Nicely 


By Mitchell Martin 

huemaiional Herald Tribune 


******* 



“1 


H 


F ORT LEE. New Jersey — 
Americans spend hours watch- 
ing television shows about 
stocks these days: at die office, 
at home, in public libraries. When they 
go out to buy a coffee, the paper cup 
might have a photograph of Donald 
Tramp advertising CNBC, die oldest 
of three stations vying for viewer at- 
tention. 

The business- television industry is 
less than two decades old, tracing its 
origin to Nov. 30, 1981, according to 
Bill Griffeth of CNBC He should 
know. He and Sue Herera were the 
first anchors on Financial News Net- 
work, hosting seven-hour-a-day 
broadcasts from California cm the first 
nationwide cable channel devoted to 
money matters. 

Mr. Griffeth and Ms. Herera are still 
at it Along with Ron Insana, who 
joined FNN in 1984, they migrated to 
its successor, CNBC, in New Jersey, 
where the trio hosts various programs 
now viewable all around the world by 
people who have cable or satellite tele- 
vision. 

In recent years, CNBC has become 
die heartbeat of Wall Street, replacing 


the Dow Jones & Co. wire service 
known as the broad tape, which was 
scrutinized by traders, wealthy in- 
vestors and other media organizations 
for the unfolding financial news of the 
day. 

Because they have been at it for so 
long, the CNBC broadcasters have be- 
come celebrities in the finandal-news- 

MEDIA MARKETS 

hungry United States. They also ben- 
efit from broadcasting in die after- 
noon, when people often tune in to see 
late trading results. 

‘ ‘ People-Magazine-famous we’re 
not,” Mr. Insana said. “But when it 
comes to investment clubs, to die 
brokerage industry, to Wall Street, to 
Main Sheet, yes.” 

CNBC, the clear leader in the field, 
is available in 62 million households 
in the United States. CNNFN, a new 
channel from Tomer Broadcasting 
System Inc., is considered to be 
second and is available in about 8 
million households. . 

“In my travels I have found dial 
both the professional community and 
the investing public are active CNBC 
watchers,” said Joseph Battipaglia, 
chief investment officer of die Gruntal 


& Co. brokerage. “I see it on in the 
firm at the trading desks at the broker 
locations, and I see it at other firms.” 

Jarnes McBride, president of Cen- 
tral Coast Communications Inc., a 
New York-based website consultant, 
keeps his television set tuned to CNBC 
in die room next to the one in which he 
works, listening to the reports ail day 
and watching segments he finds in- 
teresting. He said he watched the sta- 
tion “because of the coverage they 
have and the crawl — the tickers at die 
bottom of the screen." 

Mr. McBride, who trades options as 
well as stocks, said he wished there 
were more interactivity and data than 
CNBC broadcasts- Bloomberg Infor- 
mation TV, another competitor, offers 
far more on-screen data than CNBC or 
CNNFN, but Mr. McBride said he 
found that service to be too cluttered. 

CNBC began in 1989 and acquired 
FNN in 1991. Its programs feature a 
mix of breaking business and eco- 
nomic news, financial data. Wall 
Street interviews and investment ad- 
vice, accompanied by two stock-price 
tickers that slide along the bottom of 
the screen and market averages that 
appear in the bottom-right comer. 

See CNBC, Page IS 




Dollar Outlook: More Slippage Ahead 




He^nce 

. . ,r.\- 

- ruvr-'"** 


\ ITS 5 *?* 1, 


ConfMbfOvr Staff from Dbpweba 

NEW YORK — Currency traders 
braced Tuesday for the likelihood of 
further declines in the dollar after the 
Federal Reserve Board’s decision to 
leave U.S. bank lending rates un- 
changed lessened the appeal of dollar- 
denominated deposits. 

The dollar was quoted at 112.55 yen 
in 4 P.M. trading, down from 115.75 
yen Monday, and at 1 .6758 Deutsche 
marks, down from 1.7085 DM . 

Against other major currencies, me 
dollar also declined. It wasjn j-3663 
Swiss francs, compared with 1.4265 


OWiss uouui xw“r~” , . 

francs.’ and at 5.6435 French francs, 
compared with 5.7560 frwwjs. 

The pound was at $1.6570. up from 
$1.6395. 


“We had the expected knee-jerk re- 
action,” Tom Hoge, a corporate cur- 
rency trader at Bank of New York, said. 
“The dollar went lower straightaway.” 

A trader at Bank of Montreal in 
Chicago said the dollar was likely to 
push even lower after its initial plunge. 

“The dollar was really well bought 
into the meeting, and people are liq- 
uidating long positions, die said, re- 
ferring to the Fed policy-making com- 
mittee’s meeting on interest rates. 

Traders began scaling back expec- , 
tations of a U.S. rate rise after the Fed’s 
chairman. Alan Greenspan, said re- 
cently that there was ‘ ‘scant evidence of 
an y imminent resurgence of inflation.” 

Speculation that the Fed would not 
increase borrowing rates grew when the 


government said consumer prices 
barely budged last month and producer 
prices fell. 

The dollar fell sharply early in the day 
after U.S. Treasury Secretary Robert 
Rubin warned that it was “critical” that 
Japan’s current-account surplus not be 
allowed to soar. 

Mr' 1 Rubin said in New York that it 
was crucial for Japan's trade surplus not 
to “rise again on a sustainable basis to 
levels that harm global growth, that 
cause trade frictions with Japan's trading 
partners and that could fuel protectionist 
sentiment in other parts of me world.” 

Japan’s trade surplus widened 164 
percent in April and its surplus with the 

See DOLLAR, Page 14 


CURRENCY & INTEREST RATES 




Cross Rates 


Frtmldvri 
Low ) ob W 

Madrid 


-<• r-.-i --r" 



" MtwYor* Q)> 

' Peris 

:. tw»o 

Tomaso 
' Zurich 
i ecu 
1 SDR 


May 20 

,5. 1« s ™ S-“5 a-’g !§ : 

3 "SaJB-SJS’JaJS'SS- 

u ® ~.7Z> 2h Sr vvt ms* uuo* ia» — 
££ _ ms am usu» u* una w*» 

5S SSuuio 5* 

s g - S •S’S ss 

US UW UIB UW 3r ^ uw 0M- 

^ H2 fw Sm u&c ura 4U*t injM ish i4*sw 

UJ US IS u££ Ss *«« w™ u ^ 


Libid-Ubor Rates 


ms uu wus 
sod* *ws *«' 

— 8*55 0JW5 

1JB* — 1*5- 


1KU S 5 « UUU 2SM 4VU4 


Other Dollar Va lues 

n ii«T M’S CUIUKV 

SSiSTSS SraSt 

asrw =— 


CMchlnmB 3055 

STp aood 3J952 
gSrtSl S.1075 WW-** 

Forward Rates 


PKS 
24M0 
7J385 
181J07 
a . 90 
2441 JS 
04544 
13915 
03000 
Z50T5 


Mat. peso 
H.ZHWS 

Nana-kme 

PM.PH* 
PoRsfeiMr 
Port, escudo 
RmnUe 
SouSrtial 

S*$ 


Perl 

7387 

\A*Sf 

74)335 

2637 

216 

17050 

575450 

275 


Pars 


S. A*, nod 

s.nr.m 

Salad, knaa 

TriwoaS 

TMftriit 

TufWshBfa 

UAEdktns 

VHabolh 


89050 

75703 

77J7 

2555 

137382 

26431 

48250 


May 20 


Stems Ftonc Yea ECU 
1 -month 96-5* 3-3H 1H-1M Ob-6*» 3«-3 Vb 4-4M 

3-mortt W-5h 3Vh-3Mi l^-lK 6U-6M Wa-34t» M-M 4-4M 

Haritl 5A-6 3-31* Hh-14* 6M-6M 3*t-3U« 49a-4Wi 

1-ywr 6-Oi 3Va-3M 1M-1M 6VS - 6 >Vb 39k ■ 3»b 4M-4U 

Seutres Reuter Uufds Bank, 

Rates applicable to Mmtankdepo&s of SI toBSon minimum (or equhraleaO. 

Key Money Rates 

flawed Slolai Obh 

200 
8M 
5*k 
278 
270 
213 
£50 
221 
654 

440 
470 
293 
4S9 


Pdowmla 


98 da y CP» deriert 
180-doy CP daates 
J ia— TM—lMI 

2-ya«r Treasary bn 
5-year Trewiry Bora 

7-9Wnaomyario 
l b ya ui TUar a n aria 
3 0 y «a T tt mn r y bate 
Mens lyadi 3MKqr RA 


Pn* 

£00 

Emma 

Biwfc ten rate • 

6U 

6M 

8Vfc 

Grimmer 

7Vi 

61* 

51* 

* -iV ttmiinA 

6V, 

41* 

524 

XonrthlriBteeK 

m 

6tt 

£65 

f fie* rill Him* 

6V» 

6tt 

£17 

5-55 

625 

656. 

IHnr« 

7.10 

729 

Frro 

210 

210 

641 

Ulmer 

3* 

3fk 

620 

1-flMlkMMmk 

3U 

3V4 

4.91 

1 nimiltl IH Hum 

3Va 

34k 

499 

fa Maim* 

37k 

3H 


10-yew OAT 

£67 

543 


Dtaavriniw 


IMoy 

jjjj ijSS HS 

.£££££ IS -IS — 


o™*» »*» 

1^25 i-w* }jm 


MtURWi 
WVyear Cart bead 

Cg g o g 

Uabriiri 


AMrihtateterii 
IPftor Bond 


OiO 

046 

052 

053 
051 
270 

450 

200 

306 

210 

212 

552 


050 

047 

OS 

057 

045 

271 


450 

210 

215 

320 

32S 

£37 


Somes: Am te Bbumbm 
yneb. Bout of ToKyo-Mllsublshl. 
. OwOH Lroanois. 


Gold 


ZME8 


AM. PJL or* 


NA 3*130 -150 
3425Q 3000 +230 

MteYWt 3030 34240 +U0 

US. doBats per ounce. London offiriri 
firiroZurit/i and Nett Vbrit openBig 
end dotiog prices New YOfk Cones 
(Juaej 

SoorcKReotea. 


executives at both companies. Japanese 
media reports have said Mr. Koike bor- 
rowed more than 20 billion yen directly 
from Dai-Ichi Kangyo and 10 billion 
yen from Daiwa Shinyo. 

About 8.7 billion yen of those loans, 
pans of which were used to buy a stake 
in a golf course near Mount Fuji, is now 
unrecoverable, according to the reports. 

Media reports have also said Mr. 
Koike used about 3 billion yen of die 
loans from Dai-Ichi Kangyo in 1989 to 
buy 300,000 shares in each of Japan's Big 
Four brokerages, including Nomura. 

The shareholdings gave him the right 
to ask questions at shareholder meetings 
and. investigators say. the leverage to 
extort money from companies. Mr. 
Koike, who also owned 20,000 shares in 
Dai-Ichi Kangyo, regularly appeared at 


shareholder meetings, where he was 
known as a “ruling-party sokaiya" be- 
cause he shielded management from 
hostile questioning by other sokaiya. 
Sokaiya are racketeers who typically 
threaten to disrupt annual meetings with 
embarrassing revelations about business 
dealings and top management 

Mr. Mitsuzuka said neither be nor his 
ministry was aware of the foil details of 
the Dai-Ichi Kangyo investigation, as it 
was still “under way.” He said the min- 
istry would “react appropriately” to any 
involvement of the bank in the scandal. 

A Dai-Ichi Kangyo spokesman said 
the bank had cooperated with inves- 
tigators. although he declined to elab- 
orate on the reason for the raids. 

After Nomura admiued funneling 
money to mobsters, it suffered a sharp 


drop in business as customers closed 
accounts and went elsewhere. But ana- 
lysis said it was still too early to predict 
whether Dai-Ichi Kangyo would suffer 
a similar loss of business. 

More than 200 prosecutors raided 
Nomura’s headquarters and other 
Tokyo branches Thursday to see wheth- 
er VIP account-holders other than Mr. 
Koike had received special payments. 
Nomura's Toranomon branch, around 
the corner from Japan’s government 
ministries and Parliament, was among 
the branches raided. 

Prosecutors last week also arrested 
Mr. Koike's brother, Yoshioori Koike, 
and three Nomura employees charged 
with violating the Japanese Commercial 
Code by paying Mr. Koike to keep quiet 
at a shareholders meeting in June 199S. 


Prague Fires Salvos to Support Koruna 


By Peter S. Green 

Special to Ike Herald Tribune 


PRAGUE — Interest rates shot 
sharply higher Tuesday as foe Czech 
National Bank fended off speculators 
and domestic banks to try to support the 
koruna, and with it foe country's eco- 
nomic reforms. 

The central bank restricted access to 
cash at the Lombard and repo rates, the 
main short-term lending rales available 
to Czech commercial banks. That sent 
interbank rates op to more than 100 
percent as local banks scrambled for 
cash to meet reserve requirements as 
well as demands for capital from spec- 
ulators betting that the koruna will fell 

The wave of speculation against foe 
koruna is the latest vote of no con- 
fidence in foe Czech economy. It fol- 
lows an emergency package introduced 
by Prime Minister Vaclav Klaus to deal 
with a growing trade deficit, rising in- 
flation and a falling economic growth 
rate that have angered the population. 
Poor financial regulation has led to 12 
bank collapses and stock market frauds 
that have shaken faith in the transition to 
a market economy. 

A poll published Tuesday showed 
that 60 percent of Czechs wanted the 
government’s top economic ministers 
to resign. 

For Czech exporters, and the Czech 
economy as a whole, a devaluation 
would be good news, analysts said. The 
main losers would be Mr. Klaus, who 


has staked his political survival on 
maintaining a stable currency, and 
Czech tourists planning to travel 
abroad, said Tin Pehe, head of the ana- 
lytical unit at Radio Free Europe/Radio 
Liberty in Prague. 

“For many Czech companies, this is 
actually a very positive development,” 
he told Bloomberg News. “Unfortu- 
nately for Klaus, even if he believes this 
will be good for exports, he has made 
this into one of the pillars of his eco- 
nomic policy, and it will be used by his 
political opponents against him.’ ’ 

Amid all its other measures, the cen- 
tral bank warned dial it could not defend 
the koruna alone. “The government an- 
nounced its intentions to correct its eco- 
nomic policies,” Martin Svehla, die 
central bank’s spokesman, said. “Now 
everything depends on how quickly and 
how strongly these intentions will be put 
in practice.” 

On Monday, the central bank raised 
the repo rate from 12.9 percent to 45 
percent after it intervened heavily Fri- 
day to halt a collapse in the koruna. 
Restricting access to its money to a 
handful of large banks pushed up bids 
on foe interbank market 

“Because there was a lack of liquid- 
, foe overnight interbank rate broke 
the ceilings and soared over 100 
percent,” Martin Nejedly of Wood- 
Commerz brokers in Prague said. 

“Probably a lot of people are de- 
manding a lot of koruny to sell short and 
convert to dollars.” Mr. Nejedly said. 


2 


“I converted my own bank account 
today," he added. 

The central bank is hoping the rate 
increases will discourage short-term 
speculation, but they it does not, it could 
be forced to intervene again. 

“You’ll certainly see foe effect of 
these rates on the domestic economy if 
they hold them for any length of time,” 
Brett Platt, a currency trader with Mer- 
rill Lynch in London, said. 

“The central bank seems to be com- 
mitted to holding the exchange rate.' ' he 
said. “The question is. Is foe govern- 
ment also committed?" 

The koruna has fallen 8 percent in 
recent days against the combined dollar 
and Deutsche maik basket to which it is 
pegged, closing at 30.55 to foe dollar 
Tuesday. Central bank intervention has 
kept it from felling further. 

If foe bank does not take foe initiative 
for a controlled devaluation soon, said 
Miroslav Singer, chief economist at Ex- 
pandia Finance in Prague, it will run out 
of reserves to prop up the koruna and be 
forced to announce a larger and more 
rapid devaluation that could spark an 
even bigger run on the currency. 

“If everyone is suddenly selling 
short, it could fall 30 percent. That’s 
Mexico stuff.” Mr. Singer said, refer- 
ring to that country’s peso crisis that 
broke out at foe end of 1994. 

The koruna started to crane under con- 
certed attack last week as it and some 
other emerging-market currencies felt the 
aftershocks of a run on foe Thai baht 


Global Private Banking 


Rig 


OROUS. DISCIPLINED. PRUDENT. 


AND PROUD OF IT. 



llaaJquarlor* . 

I'Jatitmal Book of Ntnc York 


At Republic National Bank we run our 
business according to one fundamental 
principle: to protect our clients’ capital 
as we safeguard its purchasing power. 

It is a simple principle upon which 
we base our brand of financial conservatism: 
private banking built upon rigor) discipline 
and prudence. Tbis sophisticated conservatism, ■ 
vigorously pursued, bas created a global private bank 
of exceptional stability, capable of weathering 
the roughest storms. 

Indeed, Republic's- capitalization 
ratio, on a risk adjusted basis, is two times 
as great as that required by the world's 
international hanking regulators. 

To our way of thinking, it is security 
as well as return that we must ensure each 
day. And in the process, to provide 
a unique quality of service, understanding 
and discretion. 



VorU llroJt luortitri of 
Republic iVdiMtf Rank of 

aVnr York m Note York. 


Republic National Bank of New York" 

Strength. Security. Service. 

A SottA llralr ■ N*» Y*rk ■ Otikyj ■ ■ HrtW • Hint’ I Ml* ' Hurm. .U> • fayuM- MjmL ■ kiibnlL* ■ CurtRMy 

ll.nf k^, ■ IjI — i. ■ I.,,, .\np4o ■ l -f — ■ ■ HmiiIj • klrii... i'll, • Miami ■ Mill'. • l'.L. ■ Mnnlnii.. ■ • XvMB 

I’jfw ■ IVith ■ Twi*. Jd R» 4r ■ >*■>«•**• -’iniJiw ■ SnJn*. • Tiiqvi ■ Hi!™ ■ T.ir.wUi ■ ZgrJi 


* t-pAli- Xilkml KbJ, .1 ^ 1Q47 


















PAGE 14 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MAY 21, 1997 


THE AMERICAS 




Microsoft’s WebTV Plan 
Gets Close U.S. Scrutiny 


1.70 



130 

120 J 


DJFMAM W DJFMAM; 
1996 1997 •/ 1996 1997 1 

Wipg». Jfibaic. : Tuesday 


• ■Ite-Ot&V 
■ sap## ’ ' 
S&PtQQ 
Composite 


forouto TSEfcldpX 


ftea&cpC&y Botea 89S&06 

Buanos Aires Merval ' j-s^Tsiiri 

Sagflagg T IPSAGantxaf'.'," jM81.11 
Caracas : Capital ©sowar ' TfSMJS 
Source: Bloomberg, Reuters 


.7303*6 7Z$L88:i*t3>3 : 

wjx exuffiyvtm. 

•628.32 

Stott 

• 5260.10 6247.60 ***&& 

3953,06 3 

75AM ?4&86r-;,;.,^.38 


6401,11 -.4&8L3& 


iMenuuaaal HcnKt Tribune 


By Steve Lofrr head of the Justice Department’s antitrust 

Nnv York TunesSeT y JS. e " Microsoft executives do not view the 

In a sign of the U.S. government’s con- government's request for information as 
trailing scrutiny of Microsoft Corp_, fee endangering the WebTV deal yet. 

Justice Department issued a formal request “Once the Department of Justice looks 
last week seeking internal documents con- into this more closely, we believe they will 
ceming Microsoft's planned $425 milli on come to recognize that this acquisition is in 
purchase of WebTV Networks Inc. a nascent industry full of competition and 

The accelerated government review of potential competition," said William H. 
fee WebTV acquisition proposal, legal ex- Neukom, senior vice president and legal 
perts said, could be time-consuming and counsel far Microsoft 
costly. But they said the stepped-up in- WebTV is a start-up producer of set-top 

vestigation — signaled by a second request boxes that bring the Internet to television 
for information — did not necessarily mean sets. Wife only 56,000 subscribers to its 
fee Justice Deportment would challenge die Internet service, WebTV is a tiny company 
planned purchase. in a fledgling field. 

Under fee merger laws, the government Yet as television steadily embraces the 
has 30 days to make a second request for digital technology of personal computers, a 
information after a company initially files major industry is expected to develop in the 
its acquisition plans. The Justice Deport- business of delivering the Internet to living 
ment’s San Francisco office sent its demand rooms via TV sets and a coming generation 
for further documents to Microsoft at the of information appliances. That opportu- 
end of last week. nity is what attracted Microsoft to WebTV 

“A second request means the govern- and brought other major software compa- 
ment wants to investigate further, to see rues into the infant industry, 
whether they want to challenge the mer- Oracle Corp.. as expected, announced 
ger,” said Charles F. Rule, a partner at Monday feat it would buy control of Navio 
Covington & Burling, a law firm in Wash- Communications Inc., a start-up company 
ington. that is developing Internet software for con- 


AMEX 


m uu , dory ^uoiics r. zvuxb, a lkuuki al wivuuaj um& u wvuui uuj wwhuwi ui im»iw ** “»*»«** MW " — ; ~ — . 0 . , 

Very briefly! Covington & Burling, a law firm in Wash- Communications Inc., a start-up company in the economy. Yet his statements had hole closed at 841.66 points, up 839, lea by semi- 

— ington. that is developing Internet software for con- long-term effect on stock prices, which con- conductor shares, which received a favorable 

„ § t “The process can slow down a trans- sumer electronic devices. Navio was es- tinued to rise until March 25, when the Fed bill of health fro nt Da taquesL _ 

L pr ysilff Ne aring (JOSt-Cll ttlllg action, but you can't assume that a second tablished by Netscape Communications committee voted to increase its target for fee The research firm's analysts said rising 

_ , __ _ „ 7 "®. _ , ® _ , request means fee eovemment is going to Corp., a leading rival to Microsoft in the federal funds rate to 5.50 percent from the sales of mobile telephones, personal com- 

AUBURN HILLS, Michigan (Bloomberg) — Robert challenge a deal, “ aid Mr. Rule, a framer Internet software market previous 5.25 percent. pucers and new products would help die global 

Eaton, Chrysler Corp. s chairman and chief executive, said Although that sent stock prices sharply microchip industry grow between 9 percent 

Tuesday the automaker would hit its full-year cost-cutting lower, pushing fee Dow below its December and 15 percent tins year. The technology- 

target of $1.2 billion by the end of July and would cut a further t AT) „ . „ . . ~ , n , levels fee market proved resilient and fee blue heavy Nasdaq composite index ended at 

SI billion by early 1998. IJUJuLAKj Ted RaUlS 071 the Currency S rarade chips began setting records again last month. 1.363.88, up 22.64. .... 

. “We’re going to keep pushing to decrease costs, to de- The March rate increase, however, drew IBM ana Boeing led the Dow industrials 

crease our investment and to get more efficient in all areas of r ont inned from Paee 13 Sakakibara, direc- ing the dollar on a roller- protests from U.S. labor and business groups higher, offsetting a decline in Alcoa and 

the business, Mr. Eaton said in an interview. tor-general of the Finance coaster ride and causing sharp and politicians; 65 members of Congress sent Caterpillar. The blue-chip index also was 

He also said fee company’s car and truck sales this month in Uni ted Slates by 174 Ministry's international fi- drops in European stocks. a letter to Mr. Greenspan urging him not to weighed down by declines in Exxon, Chevron 
fee United States were running at “double digits” below year- percent after a 26 percent in- nance bureau who is known as (Bloomberg. AFX, AP) raise rates again. and Du Pont (Bloomberg. AP) 

earlier levels, in percentage terms, partly because of a decline Crease in Japanese exports. “Mr. Yen” for the weight bis _ 

in used-car paces feat has attracted some buyers away from largeIy fi^iedby brisk auto remarks cany on foreign-ex- 
new vehicles. shipments and a 53 percent 

• Kmart Corp. is buying products made by China Tiancbeng, faU_in imports. _ FOREIGN EXCHANGE 

a company owned by China’s Army, a research group headed Toyota Motor Corp.’s pres- 

by the human-rights activist Harry Wu said. Mr. Wu said he had ident, Hiroshi Okuda. said the change markets, was quoted as 
presented evidence at Kmart’s annual meeting Tuesday that fee yen’s recent surge against fee saying that Tuesday's fluctu- 
retailer purchased items of clothing last year from fee company, dollar was within “reason- ation was “too wild” and un- 
Mr. Wu's Laogai Research Foundation said it would soon able” levels and ruled out a desirable for fee economy, 
release a list of at least 1 00 major U.S. retailers that buy products revival of trade friction wife Seiroku Kajiyama. die of- 
from fee 20 companies China’s military allegedly owns. the United States. ficial spokesman for the Jap- 

• Home Depot Inc/s first-quaiter earnings rose 33 percent /'Reasonable “change an«e jDVHnmM. t^in- 

and the net income of the chain's 536 home-improvement rates are betweenl 10 yen and whfle.s^djeyen sne sag 
stores rose to $258.8 million, or 53 cents a share, horn $195 the ™ es ir : sgams. th edoUnr wooldha^ 

million or 41 cents a vear earlier within that range, Mr. Ok- various mqaets on industry 

’ ^ uda was quoted by JIji Press and national consumption.” 

• Dayton Hudson Corp. said its fust-quarter profit tripled on ^ saying. He dismissed fears Koji Asano, senior man- 

strong results from its Target discount stores. The Min- ^ j apan ' s higher exports ager at Fuji Bank, said yen- 
neapolis- based retailer reported profit from operations rose to would revive an auto-trade buying enthusiasm remained 
SI 26 million, or 55 cents a share, in fee quarter ended May 3, dispute with Washington. strong, especially among Jap- 

from $42 million, or 17 cents, a year ago. “The threat of a Japanese anese exporters convening 

• Delgratia Mining Corp. of Canada said consultants had rate rise has caused investors their dollars, 

found “insignificant" amounts of gold in a field near Las to panic," said Philipa Interest-rate uncertainty 
Vegas; fee company said it had been a victim of tampering and Malmgren. a currency dominated European finan- 
was asking the police to investigate. Bloomberg, ap strategist at Bankers Trust rial markets Tuesday, send- 

1 INTERNATIONAL FUTURES 


Tuesday’s 4 PJ*. Close 

The lap 300 most ocftrt shares 
up 1o the dosing on Wall Street 
The Associated Pmss. 


Sries 

Mga 

lot 

LdHt 


U7 

I* 

at 

7ft 

_ 

181 

2314 

22)4 

a 


772 

31* 

3ft 

3ft 

+n 

600 

M 

BM 

n 

♦ft 

14 

87 

85ft 

B? 

•ft 

997 

4h 

3ft 

4ft 

♦ft 

254 

3ft 

3ft 

3ft 

ft 

84 

lift 

lift 

17ft 

♦ft 

III 

» 

T4 

7li 


436 

13ft 

IM 

13ft 

ft 

157 

u 

ft 

ft 

ft 

77 

18ft 

17ft 

N 

♦n. 

1888 

M 

8ft 

8ft 

♦Ml 

731 

m 

12*1 

lift 

-ft 

no 

M* 

14ft 

I4ft 


144 

27V* 

271* 

27W 

-if 


ten 

m 

Leu 

L8M 

473 

7ft 

75ft 

7ft 

2846 

6ft 

6>6 

FT* 

m 

6* 

A 

fit 

345 

2Sft 

Kft 

24-* 

77 

13ft 

1754 

UK 

204 

IS* 

14ft 

1551 

3)4 

42ft 

4Hk 

CM 

593 

X 

27** 

3m 

112 

16ft 

16ft 

i4>k 

KB 

2*k 

2ft 

2«ft 

121 

127k 

IM 

CV. 

78 

3ft 

T) 

3ft 

m 

Ift 

8ft 

■h 

257 

ft 

¥» 

ft 

86 

1ft 

ID 

17k 

100 

12ft 

126 

Uft 

6944 

4Vk. 

4 

4ft 

146 

an 

A. 

a 

ns 

27*k 

221* 

27* 

1007 

n 

Fi 

Bft 

1590 

a 

ft 

ft 

3420 

n> 

4ft 

41* 

3583 

z n 

26Vi 

27ft 

830 

4ft 

73 

4 

ISO 

172 

131 

Ift 

l=ft 

175ft 

Ift 

£• 

17ft 

tft 


U7 II 1PP. HR* 

375? Sft 5ft SV. .is 

is uw im u*! 

91 7k 7ft 2ft 

» ih rw h •» 

I h K h . 


1 S 


May 20, 1997 ^ “• 1 

High Low Latest CHfl» Oplnt ORANGE JUKE WCTN) 


High Low Latest Oige Oplnt 


Wgli Low Latest Chge OpW 


HW> Law Latest Chge Oplnt 

sepn an 9U6 n» + am bjt» 
i>ks« ms nm 9335 +0x1 zaso 


1 Grains 93JB 90» ?ojo 

Jon IN 10030 —245 

ujRN (CBoT) EPLjdes NA Mon’vsdes 4227 

5jOOOhuminlrnum>aentspertMM MOTsmenlnt 29,750 up 2*7 

May 97 Wfh 287% 287* -5% MIS. w 

JPIV7 WPn 274 276L< -t'A 124429 

Sep 77 Zffl’A 242ft 242ft s* 27,720 — 

Dcc97 245ft 240 260ft -SV4 112^39 Metals 

May 98 274 270 270 -41% 1.10 

Xl« 270ft 274 274 -4ft U67 

McrOB 270ft 24414 244ft -4ft UJ49 TOOkrnra^ donors ow!ror<H- 

BS. sates HA. Man's, sales 43J0t 3070 

Mart open int 285.224 aR 3223 3403 3flJB 

SOYBEAN MEAL (CBOT) Aug 97 344J0 34U0 3tfA0 

itahns- doom per len OdW 349.10 30.90 34BJ0 

May 97 306.00 3KL50 3000 -170 974 Dec 97 3SL50 3M20 N40 


ORANGE JUICE (NCTN) ORMAN GOVERNMENT BUND (UFTO 93 S I ao 2 S 0 

ms —105 )L3so W 

jS.08 5lS mo £S |S5 Sepw Af J,"*"?* ^ 

Maroe 93JB 9090 9090 -165 UB2 ^K*«c 66436 ^ ^Z-- !f_ 

Jan 09 loan -165 1 Pwr. open ht 291945 off A9SS Industrial* 


pie*, open on a™ Industrial* 

10-YEAR FRENCH GOV. BONDS CMAT1FI rrrrrow J fNTrtn 
FROtWOO-nlSonoOpct 

Jon 97 13942 129J2 12944-0200337 ^ «« 3447, 

Sep 97 128.18 128X0 128M-<U4 13,960 mJq ww iJS z%* 

Dec 97 97J54 97S4 97M-0M 0 ^ MAS Srt 

Est. volume: 100549. Open htt.M79.297 up Mar 38 7440 7400 76.00 -0J5 1641 


N i*w m 1 ft .ft 

SB 1M IBM lift -ft 

PI 7ft 3ft 7ft 

R MM lift Ml* -M 

n 7ft 2M Fft «•<* 

so n ft 

116 3h 3ft Jft *ft 

77 14ft 23ft 20* -ft 

182 lh 1 1 _ 

84 17ta lift 17 »ft 

151 4ft M M -ft 

174 4ft ft 4ft *ft 

m m m » -ft 

20 2W lift aft 

ICO 4ft 4ft 4ft -ft 

95 fft ft ft 

156 14ft 14M 16ft 

J99 Hft ITU SJ 

n 4ft 4 4ft tit 


-u Scfcn 
• ft Tmpra 

.»! no 


TnfiJwr 
A ibBOM 

,1? TtmSan 

TbCmcto 

•5 isa* 


IB, 10 ra ■* 

Wft 18ft 1M Tterti 

55 s* FI _ Tjeanr 

9ft 9 9ft 

in 9 L m 

25ft 25ft 25ft »h igf**! 

754 <7ft 4W. 4T-, 

136 1ft lft K« -i« TW* 

.17 Si 5ft J 1 , 

230 • 6ft «•- 6ft 

2ID ft ** ft ■■ 

3)5 lift lift lift -ft _ 

117 3ft 3ft 3ft 4ft t 

vet Pft 9ft « _ I 

291 Ift Ift Ift 

441 18ft Jft Ift *v» 

127 15ft IJL *5ft _ InAnroe 

sis 4ft 4 4 - 1 , inaexes 


sn >4P I* lam Oige sw» 

is nw 11 lift 

323 «» 67» ffft TraOOl 

II 5 Ift 1ft Ift -ft ThMte 

a ^ % 5 ft 4 -Js S 

as es ft. us « 

■ “ m 

U6 IM 14ft 14ft *ft 

Dll I -ft ■ 

s in iu m _ "*s° 

in ift in ift *vk 

id m 9 9 _ 

100 TW I*. 1 ft »ft 

5B0 37Vi V 37ft -ft 

en 5 «ft a* -ft 

U3 T», 19k It* -Va 

533 lift 16ft Mft. 

s 2 “ r a :w ^ 

335 15M 15V; 15h _ 

237 W 9*. 10 ft 

« 34 23ft 34 *4* 

m* is* 12ft in 

84 9U 9ft 9ft .ft 

91 Ift 8ft ift -ft REKa 

’S? S? 11 ?* ,! 7 

370 ZF» 12ft 232. .1 WEB Bn 

M ? « ft ^ WEBjSn 

Mi lift 2 5ft .ft WEB Ilex 
455 9ft 9ft 9*. .ft WEB 5ft) 

3am i* ft ft xcllm 

R 4 » »ft .ft *j7nn 

la Ift 7ft 7ft ft ZaetB 


SI'jes 
? a 5 s 

9ft 9^. ft WEB 5ft) 
U ft XQ.LTB 


S4e WgJi low law Orgi 
S5 io* i» u ift 


2311 in in* 17V 


SS 7ft 2 . 1ft .ft 

If Hi 74 7ft ft 

214 r 2» 7 **k 

m in p im lift 

W S 15ft 25ft -ft 

U 7»k IVk 29k ft 

148 UVt 13 lift 

389 XM 29ft 29ft -ft 

w s«, m tw ft 

litn 

544 2*4 II* lift .ft 

ID Ilk IVft Ilk 

JS It »ft -ft 

163 17 16ft 16ft -Ift 

lfl 514 5ft 5ft -ft 

II Mft 3M Jft .ft 

480 12ft lilt 12ft ift 

95 4ft 3ft 4ft .ft 

1295 10ft 911 10 . -ft 

Ml lift 13 IJft -ft 

M f£8* IM IM -ft 

m 150. }9r. I5»i .ft 

Ml lift 13ft* lift .ft 

» ntw ijft im .ft 

371 lift It lift .ft 

3396 ft ft, ft 

3D Ift Ift 1ft .ft 

139 12ft lift llta Jft 


U. S. STOCK MARKET DIARY 


IS 15ft 15ft 15ft H* 

3W 15ft IS* 15ft .ft rx™. . nnp _ 

150 5>V* 5ft 54k .ft L/UW -tones 


Most Actives 

NYSE 


l4 S B 15 

50 17 Wft wft 

317 5ft 5 5ft 

9) 2ft 3* 2ft 

415 « Ift M 

177 22ft 2111. Hft 
U0 3ft 3ft 3K 


JUn'97 3403 30 JO 3HM *130 58,992 iTLMO«to^omo T pd 0,,D aJ "’ B Morsaiwiae run 

W97 3*00 +1^ Jun97 131.02 13034 1»J9 . 012 109381 HEATMG OKN34BO 


Ito-09 2430 +0JJ5 

EsLsries NJL Mon’s. Kkes 7,151 
Men's open ire 71782 aR 930 


lodBS 71BS.79 73IU5 775234 73BM6 ,743 Seonpei 
TQ&m 247483 26T785 2S7364 +3833 EEC 
17B 22022 22205 Z10B4 221^ JL17 CenBacs 

Comp 224135 2277^9 223156 2275J1 +2289 Amjg l 

Standard & Poore 


rndustnab 98439 976A4 98237 99114 

Tranp. 606.73 601 36 607 J» 612.17 

UUBOes 19161 19231 19114 19232 

Finance 9185 9100 9X10 94.94 

SP500 035.92 82X87 83127 84136 

SP 100 82070 81236 81846 82032 


»* Hftfe Lore Lnxl (ft 

71959 46ft 43ft 45 -ft 

«94S 37ft 35ft 36ft -1ft 

62114 62ft 60 42ft +lft 

50730 20ft 2514 27ft -ft 

54939 37ft 36ft 37ft +1 

S3419 34ft 33ft 34ft .ft 


4579k S3 51ft 52ft - 

4 S34 «Ift 60ft 40ft +lft 

42338 97 90ft MU ,3ft 

4006* 31ft 30ft 31ft .ft 

3609 »ft 20fa 20ft +ft 

B»2 64ft 60ft 63ft ,1U 

33499 37ft 36U 37ft 

331* 43 42ft 4» ,ft 


JtkJW * KW Jun97 131.02 13034 130J9 +0.12109381 

£££ SK 2 3J52 t -® %vm 131 - ss 13,J » mM +«-” ”jbi 

Od97 349.10 347.(0 3€J0 +IJD ASS Est kts <83% Prey. sales: 64316 

DCC97 3SU0 3SL2D »40 +1J0 3Mg ^M15 




"• '• . 'TV' * 


May 77 30BJJ0 30330 30430 -19Q Wi Dec97 E230 3S12D 3SU0 tIJO 3MS1 Pr.v.open w.- 170862' ■ 

Aw97 mm wun mS -4» 1X4« Febol 35*30 352.10 354J0 +L10 OjW 

S0P97 23BJB 25269 25X00 -*JB 9.134 Apr 00 35430 *1.10 X8B *J"ff Ba ^L B,l SS L a 


£ 00 22500 22200 22200 -XJK 1020 Eli.sdes NA Man's.sales 40.988 

08 22100 21700 217J0 -170 1040 Mart's open W 156630 Off 5B 

BLHtas HA. Mays. softs 24,914 ineguvnwpn lunm 

Mon's open W 109004 off 2070 

zSaQQO Ita.- own par b. 

SOYBEAN ML {CBOT) 

40:000 lbs- cents par fe __ ... 

May 97 2175 ZL47 2151 -004 173 Jul97 11820 11430 11705 


Jan 77 94.17 9407 94.16 +007 464030 


Jun 97 5L55 57 JO 5704 -028 2X672 

Jut 97 5860 5730 £737 -038 35,933 

Aug 97 5905 5X00 5BJ57 -038 18011 

Sep 77 545 M SO —008 18084 

Oct 97 6 905 59.10 BJS -CM A 173 

Jot OB 6150 (000 0103 -8J8 7,942 


Nasdaq 




" gJJ ^ F»B8 6105 6017 6017 -038 3M 

5ep77 tIW VXSb t3J5 *UM McrOH StJQ «7 7 aw 

W GRADE COPPBUNCMX} Dec 97 9177 9X64 9173 ,008 3CJ74 fi 5JJ iS L90S 

2SOOO Rn.- oai* Pkr b. Jot 98 9335 9142 9151 +004 221977 Sties M*. wS’s-iiS ltu? 

May 97 11840 11520 11X10 +U0 1230 Sep98 9146 9X36 91C +004 17X23 

Jun 97 11X25 IUW 11X15 +130 X394 Dec 98 9XM 9123 93J1 ,CLM 124.147 Mo,r5WW ‘* ,17 '® s °" 737 


0732 43047 43720 +106 DrtCpIS 

35485 54691 55465 +110 Cbco 

«L26 39197 40017 +160 C-CUBE 

268.9} 26118 26847 +045 idtanslls 

99681 38744 99677 *549 PdiTdiS 


Nasdaq 


May 97 ZL7S 23A7 2151 -OM 173 Ju)97 11820 114J0 11705 +200 3X573 Jun 99 9325 9118 9125 +003 WW07 LIGHT SWST CRUDE (NM30 

JM97 2303 2X17 2117 -061 50.189 Aug 97 11X70 11500 11X45 +105 1^22 Sep 99 9X21 9X14 9X71 ‘003 65JO0 ijmbM.-daftnMrMI.^^ 


Sep 97 24.15 2165 2365 -04* BAH Jon 08 

JanOB 2153 2400 34X5 -020 931 FebOO 

Mar 08 2400 2U0 2460 -020 101 MirOt 


Bt, sales NA Man's, sales 15006 
Man's open W 100J89 up 235 


SOYBEANS (CBOTI _ 

5JM bu mmknurTT- arts per bmhel SILVER (MCMXJ 

May 97 873ft 863 M4* — « 633 Moatwat- cent* per rrwr*. 

J0197 068ft 844 844 —» 98635 MCV97 46830 

MID 97 84056 817 817ft -» 21536 Jun 97 46900 

JanOB 70S 692ft 6192ft -7ft 4646 Jul97 47350 46X00 471 JO 

MafOB 705ft 699 699 -7 904 Sep 97 478JM 47150 47630 

Ed. sales HA. Men's, sate 9.412 Dec 97 M5J0 48100 CUD 

Mot's open H 185A05 up 1075 Mav98 49600 49100 49600 


Jan 08 106® +150 507 McrOO 9113 9106 9113 +003 

Feb 03 10S35 +1.10 47B Jun 00 9309 9302 9308 +D02 

McrOB UUO 10260 10305 +005 1674 EsLsdes NA Mon'xsdes 274578 

tore. „ . 297 Men's open Irt 1719667 off 3425 

Esi.sate NA Mom sate 7.948 

Mot's open Ini 60525 UP 9M BRITtSHPOiMO (CMSQ 


46030 —0.10 188 McrOB 


BRTTtSH POUND (CMBR) 
42500 pounds. ( per pound 
Jun 97 16600 15368 15558 
Sep 97 >5580 15396 15534 


Dec 97 CS58 48X00 CUD 
Mqv 98 49600 49100 49600 
JanOB 435J0 

McrOB 492JD 491.10.491.10 
Est. sate HA Mart, sate 14597 
MOTS open W 9X165 OP TC2 


WHEAT (CBOT) After OB 492JD 491.10.491.11 

^bun^nlmuf^CMM^hinliiil Est.snte HA Martsste 

SST £» 2 fa -lii * ws ” n “ • ' 

Sep 97 402ft 388 388 -13*A 13.253 FLATWUM (NMBt) 

McrOB 410 401ft 402ft —10 1503 SD (royals do* cn per Iroyoz. 
Etf.SiM HA MOTs. sales 15065 All 97 397.90 19930 3960 

Mat's Open W 81797 up 1030 0097 MJS 3KJX 396.0 


_ * Esi.sate HA Mart s*s 1956 
Man's open W 39508 up 280 

7311 CANADIAN DOLLAR (CMER) 

2307 1 00500 da0cn,t nor Can. Or 

17 Jun 97 J339 J280 J32B 

7570 Sep 97 3388 7320 7372 

McrOB 7444 7400 744* 

Esi.sate KA MOTs. sate 5.934 

Mat's open W 72394 off 217 


Livestock 

CATTLE (CMQO 
40600 Ba.- oents per b. 

JOT 97 6577 64.95 6115 —057 31,196 


50 troy adapters per trwoz- GBUUN MARK (CMER) 

Jul 97 397.90 38930 39600 +4» 14354 126000 marks. loer morn 

Oct 97 39750 39X00 39600 +430 43C Jun 97 5975 5853 5962 

JOT 08 39750 39100 39750 +350 1,159 Sep 97 5020 3931 5002 

Estate NA Atortsrttf 2339 McrOB 5086 

MOTsoaenirt 19568 up 9 Est. sate HA Mart sate 


Oose 

LONDON METALS (LME) 
Dollars per metric ten 


McrOB 5086 

Est. sates NA Man's, sate 20523 
Mon'S open W 81517 off IM 

JAPANESE YB! (CMER) 
nSteNan van, s cor 109 yen 
Jun 97 J970 5672 5904 


SI s 9 iis 3 ntu.iia.gs 8 s 

SSS nl Sc JSS 5^ & rt Co1telten^to«dir rt ’“ 114 ^Sai^A. MOTS.SS 17.199 

’2S2 7240 7lS Io» 1^ SoSt 252X00^ 2&50HS6M 2558ft MOTs Open mt 86353 up 278 

BM%9» iLfiSL Forward 246SD0 2466D0 2479.00 248050 SWISS HIANC (OAER) 

MarrtapenM 101,156 up 867 L * od 


Jun 97 21 JO 

ajc 

71.06 

-45* 

21372 

Jul 97 22.15 

asi 

31.55 

—035 109478 

JOT 08 21-30 

21.03 

71.22 

+006 

15331 

FeDOB 2090 

2090 

a 90 

-418 

7565 

Mot OB 21X1 

2un 

21X1 


Art 

AOTCB 


a 9< 


Alffl 

Jon 09 


JOB 


XJU 

F*D9 


2017 


24*0 

Mot 09 


»J* 


9W 

Aw 09 


70S 



EAsote HA 

MOTs. teas 

1306*7 


MOTs open Int 

811737 

an 907 


NATURAL GAS OiMER) 



10X00 mm Murt t POT rom »U 



Jun 77 2350 

un 

ne 


26.974 

Jul 97 2JH 

1220 

ux 


31«3 

Jon 0« 1510 

1465 

tm 


11565 

Feb 00 2X10 

1370 

1380 


8,135 

Mot 08 1265 

LZ25 

2340 


6.101 

AprU 2J00 

2X90 

ion 


3217 

Jon 09 1370 

23S5 

13U 


IMS 

Est tees HA 

MOTv sates 

*0X87 


MOTs open int 


UP 20S2D4 


UNLEADBJSASOLME (NMBO 


4080006 writ* 





Jun 97 6608 

6420 

65JQ 

+0JI9 

33.917 

Jut 97 65X5 

6190 

6L2S 

—409 

nm 

Auo 97 63.95 

62.95 

6025 

—40* 

10429 

Sep 97 6175 

61.90 

62 JU 

+014 

*637 

0097 6065 

6005 

NUB 

-411 

un 

Nov 97 


9936 


1430 

Dec 17 ffJ5 

59.10 

49.10 

+414 

1«J 


. .OUT stiteidiary SKVV^ he^^ 
• ihg to shape it. 


. 

• :V >■ *“ *■ J: \ -* <, S - '• * i "i. 'p • • • . • 

iHmikSk 

VIAG. Creating enduring value. 


136389 133X96 136388 +2244 

1UM44 lU78Ji 109451 ,1273 3Com 

14SOBS 144773 145955 +446 feS®* 

150831 14P5J4 150778 ,I(LE “**» 

177JU 17X25 1772. 55 +I.I6 SlteUe* 

71172 o8iT» 911.72 .1155 


5907? 58656 59X76 +358 


114253 161ft 155ft 161 +6>4 

1KM99 100 94ft 99ft +2ft 

97714 6M 60ft 64ft +J4» 

M7S5 21ft ,TW 19ft -5ft 

7B989 119VS 11514 119ft +4 

78960 17ft 15ft 1716 +3V. 

gMI 70ft 6Sft69»ft, ,3‘Yre 
51 ag Jift 221* 24ft +11* 

i«72l <3fft 40ft 41ft •'1 

48131 25ft 24 25ft +1 1 '* 

Qna 45ft 4314 45ft + 1 

47926 55 37ft 39 ,1ft 

46465 20ft IB 19ft -Ifta 

4S4+6 34ft 33ta 34ft +1 

45238 33 711k 33 +M» 


Dow Jones Bond 


20 Bonds 

lOUtnmes 

lOIMustrtes 


Trading Activity 


+J2B SPDR 

^SS M - 

Cte HosOfos 

— 028 


K20 Jtv# 


Ed. sate 1X2S9 Man's, sotes X939 [2*"™ w SWISS FRANC (CMER) 

MOTs open ir* 101,156 up 867 s^T 610ft 611ft 613ft 614-4 

FEEDBl CATTLE (CMER) 422JN 62X00 62X00 62450 J095 J3D 

MwTT^iSr^ SSo*" 7X27 -420 2^47 Soot 757550 758SD0 774550 775500 NA Mairtate 

AOTW PM 7LM 77J0 -417 14572 Forward 76BSOO 769X00 785X00 786X00 SSSSWw ffl** 1 * 

79^ 79* 79 JS -030 *1 5710.00 5«W0 57^00 571000 MEXICAN PSD (CMER) 

<Wyik 7X80 89 Forward 576000 577000 5750J10 576X00 joiMM pesos. S par pasa 


McrOB 7X80 

Apr 08 79 JO 7BA5 79.® 
Esi.sate 1J40 Mon's. sate IM 
MOTs open int 24383 off M 


H0G5-Ltan (CNBU Htflh Uiw 

40te0BM^awilSPflBi. ■ — 

JOT 97 82.05 1X75 8X82 -«C p,--. 

Jul 97 8X22 8X07 82.17 -IL4S WJJB 

A»97 SUB 79JS 3X05 -430 7JH UST.BBXS ICMSU 

Feb 08 7X10 69 JO 69J7 -X55 1^| si mBBon- ph at Woo. 

AfrH 6670 66X5 6635 -X25 7C JOT 97 9176 9466 

SSte 14M6 Martsate 9J25 S«J 97 «45i 9445 

MOTs open int 4240 oft 1029 Dec 97, ... „ 


edCHlah Grade) junft .12570 .12515 .12555 

1319ft 1320ft 132X00 12Z4U30 sep97 .12110 .12050 .12097 

I 1339.00 134X00 134400 134500 Mr 08 .11235 .11210 .11235 

Esi.sate NA MOTs. sate 4077 
High Low Close Oige OpM Mon’s ocen int 36320 aft 82 


3-MOMTH EURO MARK OJFFE) 


EsLsate NA Mart sate 2X915 
Mart open Int 9X671 off 1026 
GASOIL OPE) 

U Addas per metric ton -lots of 100 tons 
Jun 97 1790017500177.75 OikJl 24344 
Jut 97 18X50 17675 179^5 +050 1X127 
2-JW Aug 97 18200 77X75 787 J5 +CLZ5 7,942 
® Sept 97 18X25 18X50 18X00 +0X5 3401 
Oct 97 18400 1B3JJ0 18475 +005 <273 
Noe 97 1805 18400 186.00 +0^5 1AW 
Dec 97 1B6JS 18500 1B6J5 +X2S 7035 
Est sates: 15^1 8. Open Int: 6X496 c« 
1X314 1470 

BRENT OIL OPE) 

l '* B UAdoflan per banal -lots of 1000 barrets - 
July 97 2X36 1904 2X00 — X16 86.103 
Aug 97 20.36 1902 19.95 -X24 2X236 
5eo97 20337 19.91 19.96 -4L20 10610 

Oa 97 2X32 1900 1903 — al 9 7,348 


VMS 


undHnged 

towmB 

More H Vs 
New liws 


Dividends 

Company 


Nasdaq 

am p>»*. 

14l» 1406 Adwnced 

t«5 1074 OySnrd _ 

BS0 867 UWianeed 

3354 3347 Total Kreip* 

110 83 MereHlete 

4 17 New Lews 


17171 84V* 82*84*4. +M. 

6M6 46M 4 4VM +V* 

6766 »»» 2W4 29» -ft 

6M4 fft 9ft. 9ft 

3801 ft 4 ft _ 

MB V* 26ft 27ft ,V» 

1® Ift A A -ft 

096 ft 9a ft 

339Q fc=V, 6ft 64M +ft 

2851 36 25 25V +ft» 


1456 1979 

1753 1*49 

7171 1807 

5380 5735 

41 93 

92 73 


Market Sales 


186 NYSE 
702 Atnex 
75 Nasdaq 

InmSOons. 


45334 421J2 

1X77 1X76 

502.17 451 DO 


Per Art Itoc Pay Company 


DM1 mM<r -otaoflOOnd uow o*ja ivurs — «.i» /hW 

BSbcb <SSTm« +001235685 Nau97 3X79 19A6 MM -0.18 MM 


* JOT 97 94J6 9466 9476 +X06 5,734 fcpW 


PORK BELLES (CMER) 

40JWB*.-oOT*PfrlB. 

May 97 91.00 K70 8M0 *1-U 

Feb 08 77 JO 7SJB 7X60 +230 

MOT 08 7SL7S 7SJM 7X00 +225 

EsLsate 3J06 MOTs. sates 2551 
MwTsopeiH 8J98 Off 62 


COCOA (NC5e3 




N.T. N.T. 96J6 Und*. 1^4 DeC77 2X22 19A4 19.K -XI 7 11^21 
9X75 9X72 96J2 -CL 01 20X753 Jan98 2X10 19J0 19.78 — X17 8248 


SOT 97 <466 9445 9454 +0JS5 4JB9 De^ SWI 25 “&8! StS? 1=6,398 19 -» »» '' 9 Ti ~°-' 7 ^45 

Ebgj*a&r “ 9 & H M=J m 

Mart Open int 10423 OT 2* ScS8 9X85 9561 9SJ4 Until. 84931 Rtrtf* Indore ore 

iwmanemnn worw utktl wjw Stodc Indexes 

*pj££-' mexv > K30 


5YRL TREASURY (CBOT) 

jISw^5S P l» L trt»Jn l ” , + 07 213286 S 

Sep 97 105-30 105-00 105-19 + 08 13,162 Plw.OpeoHH. on i*e 

Dk 97 . . . 185-jB +ffl 177 3-MOKTH 5TEBUHG XJFR1 

Est. sate NA MOTS. SOte 1X475 CSDOMO-Plsof lOOpct 

Mon's open M 21X625 aft 2939 jun97 93 jO 9X45 9L46 jj 


Stock Indexes 


18 YR. TREASURY (CBOT) SS97 

ftMjmprtn-PIs&SMseriMPCt Mn98 

Jun 97 107-20 106-31 107-11 + 03 297,777 JaflB 


■ 1 1 •? i/. eneire uyi _ « +,, 

Wj 1^3X059 ofi I «8 Sri97 84X55 82X58 84405 +X80 1S4JB2 

5TEBUHG OJFFO SotW 85580 KBM +990 1X98 

4s of 100 od MOT* . 56330 989 

9L4J 5045 9X46 Uneh. 11X672 EsLsdes NA Mart tees 6X615 
9323 9119 9322 UncX 111.513 MOTSOPOlW 19X801 Off 320 


□CC97 9304 9300 910J + X01 97,419 niprere. 

Marts 9391 92^7 9291 +U) 61^ JSHiJESrEte 


10 melrte tans- S oer ksi . _ 5*c97 107-05 106-17 106-28 + 03 53261 SprtB 

JUI97 1483 1467 1469 -8 31^ m^OB 106-02 +83 1 DnS8 


u-m MUD + 03 

SOT97 1509 1493 1495 -9 13J49 ^Srs NA Man's. SOte 19,966 
Dec 77 TW IgB 1ST* -6 !§■»* MOTS open W 351.931 off 3162 

555b" * 3 US TREASURY BON»(^Tl 

^Ses'^^iSs^ ** sswrasn a ^ 

MOTteiN 3fc08 Off m Sep97 109-31 wwa OJ-K -8 


A5D9 — — 

502 us TREASURY BONDS (CBOT) 


JOTWB 9382 9378 9381 UnOL ‘’ISI^MSXO 461X0 - 47A 6X794 

Sep98 9376 9372 9234 UnOL 3^yn S+40 -4U *218 

ESS £2 Si 92^ +£l ^ 4S NT I1T ^ 

jSS? 9370 9366 9370 + API IU13 Sf%5T' *ufs5 5 " 

EsLMte: 54534. the*. Bfcs: 2X461 Pie». open WU 71OT4 an SQ 

Prev. open Wu 539J63 OK 6G CAC48CMAT1F) 


US TREASURY BONDS (CBOT) Prev. open Wu 539 J63 on ms CAC48 CMATIF) 

J^nVl^wTowa^lSS 1 "^ 458^12 XMONTHPIBOR CMATIF} 27410— 17 J50 24498 

Sot 97 109-31 109-0 109-15 -81 7X004 Jun 97 273X0 27040 OTX5— 37 JW 27^59 

188-24 —82 2JNB Jun 97 9X51 9&J7 9X49— X03 65362 jj 97 2729J 27100 2717J— 37J0 731 

2£r09 107-21 -02 46 Sep 97 9X54 9X50 9X51— 0X4 SL7ffl sep 97 2749D 271X0 2732J- 37X01 1^86 

Sites 5 NA MOT*. SOte 111439 Dec 97 9X50 94A7 |X48-Q^ 97 N.T. N.T. 27S2X— 37X0 4S1 

MOTSOPOlW 561 ■429 UP 971 Mar « 9X44 9X40 ^ EsT.Wtane: 17,137. Open Wu 71904 up 

LIBOR t-M0NTH(CMBt) Sep 98 9X15 96.1 1 9X13-8X3 21X12 10? ' 

OmnOen-plsatlOOPcL _ Dec 98 9X95 9X91 95.93—0X3 1119U 

935S +106 114 MOT 99 95.73 9X69 9X70—0X3 1*006 — . . 

mm 9380 + 0 X 7 9 j U n 99 95^9 9 X 48 95 x 9 — 0 X 3 7 X 38 Commodity Indexes 


MotOS lUB-4- -« 

Lunm cwcsE) moto? io7Ji -o 

37X0S ■>«.- cant* per ■>. Est teas NA MOTi-SSte 11JL439 

JO) 97 24L00 23MO 240L25 -*0 0 ISM ^rtOPenW 561429 up 971 

trail 31830 21230 21X70 —530 7 JO 

Sff mm 1 BMS wxis -450 5X]8 ubor i-montn (oaao 

KWH 2553S +8135 » samaoon-pxonodpct 

Murn 181X3 177X0 177JB -4.00 1.928 Jot 08 

StTsote W 6 S Mon-x sites 3.163 FebM __ 

Mm'SBPenUt 94654 W 3 


sbGAR-WW-Dll (NCSE) 


jm QB 9355 +X06 

MO »l» +MJ 

MW 00 9175 93J5 93J5 

EsLsate HA MOTs. rte* 1998 
MOTsapenirt 4L520 w 


Est. whittle: 5X603. Open bit: 257X70 Of! 


Commodity Indexes 


IV tee ui 

1X1180 
2X07*0 

163.1: ] g2B» 


SOB Hte LOW met One StoX 

447 ft ft ft 4V 

273 IJf 13ft lift -ft 

1C 1A W M* J( 

<0 711* 21 71ft (ft 

Sii Ift 1ft 3ft ft 

W 21ft 21ft 71ft -ft 

)« A A* Ik >h 

m TTTi 29ft 27ft +14 

bi n « « 

12 A ft ft -M 

sn n xn* 2i +>» 

162 2» 27ft a .ft 

14 7ft Ift 7ft .ft 

so w rft » .ft 

24S 16ft 15ft lift .ft 

242 5* 5 5ft +ft 


6ft 614 ift 

« A W 

•5 124ft 13ft lift 

M 1*1 Ift 1ft 

15 3* ft » 

2U1 Ift I Ift 

1*3 IJft II 17ft 

la 5ft Sft 5t* 

174 IPrt IS 10ft 

a uft i! t** 

m.ee e 


IRREGULAR 

British Telecom approx amount per ADR; 
[ndudes spedal payment 0(7.1312. 

Cross Timber Rtty ..1531 5-30 6 - 


FT Deatbam Inca 


.» ,2 *2 Orientol Bn Gip 

'2? *£? 'I? .5 Permlon Basin 

JO £, 29ft R«n* inn 

a ift ift -v, San Juvi Benin 

7ft 7ft .ft Sentinel PA TxFr 


». -ft. 

Sfti ++■ 

in* +ft 
5ft -** 
10ft -ft 

13ft 


nUMOte^cWMPOTb. , 3-MONTN GUeouaA(LIFFE) Reutws ."A 

U 97 11X7 1058 11X5 +007 717» L0NCC1LTUJFPH ITLI mUan-KsotlOOpci . DJ. Futures 'Ol6 |M1 

nrrw HLB4 1174 1 0X4 +005 41X83 £5OX0O-|»A3a)dSafl0ll{Kf JimW »M 9335 93J7 — am lOWW CRB 2S1X0 25114 

bbh Kjsa a a .wwjyp* B 9 B 


m 6ft Sft 6ft 4ft 

115 4ft SI* 4ft .1 

254 lh 1.. Ih .W 


IS lift lift lift 

20* xr» 34 3Ht +W 

3*4 9ft W W* _ 

340 9*1 9ft »» .(* 

50 IP* OT* lPk -ft 

140 ft ft ft -ft 

ti ft e« e. .ft 

2840 i R 9* rt 

IS 1W* IP* IB* 

TO « **» »s* 

B R1 ft » •!* 

444 2*ft 2ft 2ft .ft 

437 14ft lift MJft .ft 

W 14 lift 13ft *1* 

114 11*1 18k It 

K7 2 Ift 2. 

834 47 +6ft 4|S* A 

172 8 V» Pt M* 


103 »ft UN lift +** 

171 14*1 lift l4Vk 

?« 43 or* a r 

40ft 7B( «ft -K 

1 w 2 wu l? 

27S 6 5ft SA +ft 

434 lift lift 17 +JJ 

Sit jf* is* ise *e 


.Hi I iilmi n 

+i» Inwwu 


X 27ft 27ft ft 

8 « R 

ft ** i* 

toft im iar> ft 

im in* in* +* 

5k 5* 5ft _ 

.«* rft m 

m im wi 

9 Ift ft, 

3ft 3V, I,. 

14ft 141* lift ft 

21ft 2IM 21ft .ft 

lift lift lift ft 

Ift 7ft Tft 

7 C4 4ft ft 

46ft tel 46ft .1* 

l«ft lift lift -ft 

m ift -i* 

2P* Wt Xft .ft 

2ft 3ft 3ft *lr. 

7ft. 7»+ 7«ft J*. 

■ ft I I .ft 

3ft 3ft 3ft -ft 

lift II l«ft -ft 

Ift 7ft 7ft 

Ift Ift 1ft .ft 

2*ft 24ft Jtft 

Ijft 17ft II -ft 

7 W ift .vt, 

to rft «* -v. 

4 <*. ift 6<ft .1* 

Jft ! Jft ^ ^ 

3f 5f L ‘5 

in! 12* |2! .ft 

4 5ft 6 .ft 

ft ft ft 4, 

ift ift 1ft 7ft 

I7jk 17ft. 17V. .ft 

IR* l*ft I A .ft 

■ft P* 8*, Jft 

in i5 i5r VS 

77 ft & ^ 

nj 1A lift IM* : 

104 ft ft V. 

142 111* WU 21 ~ 

IS IM S* M .C 

Bi 41ft 4IH Aft ,ft 

III 13ft IM IJV, * 

« »» » 5H : 

1603 A 2*1 7ft 

I a i[ a 

» m low ^ 

U6 7J« 7*» 7»S .ft 


_ I Monroe Muffler 


STOCK SPUT 
Manitowoc Co 3 tor 3 spot 

INCREASED 


- .1531 5-30 6-13 Oulcfc&Reatyn 
J87S 6-30 7-10 

_ .15 6-30 7-15 Kl 

1*9 tin Bondars BkADR 

. X52 5-22 5-29 ^SJAADS 
_ FL Progress 

«v . — GabemOiSecur 

- 5» 6-20 B-J Ccbein Eq Tr 

Gateway Brtqi KY, 
Katy indud 

SPtJT MorairiSlon HI 

m. Nil Auslrana Bk 

NOe Inc B, 

USED Ormtlcam Grp 


AnrttelorsRnd O X3 « 4-16 Reynolds MeMs 
Green Tree Fbi .0675 RWana Foods 


Deutsche TetefcOTn _ J528 6-26 7-2 

REDUCED 

Reo tty Refund Tr O X5 6-2 6-16 

Stock Tables Explained 


Sentinel Bd Fd B, 
Steno Pac Res 
Trans Find 
Watkins- Johnson 


Per Art Rec Pay 
» Q 23 S-30 6-13 

INITIAL 

- -10 5-27 6-6 

- D6 6-2 7-1 

REGULAR 

R 0 SO 5-31 6-2 

Q .06 6-16 6-27 
. O .125 6-5 6-12 

5 b A16 6-20 7-11 

Q -525 6-5 6-20 

Q -12 6-20 6-27 
Q -Z5 6-20 6-27 
y. Q .10 6-9 6-23 

O X75 6-27 7-21 
M .105 5-30 6-13 
b 1.71 6-25 7-29 
a .10 6-1B 7-3 

O M 6-13 7-2 

> Q J5 6-3 7-1 

O .10 6-16 7-15 
I. M X29 5-22 5-29 

Q J1 7-15 M 
Q .17 6-2 6-16 

n O .12 6-12 6-26 



RATE: Stocks Rally as Fed Makes No Change 

« . riWTVt «___ * Some economists have said the American 

Continued from Page 1 economy is able to grow at rates that in the 

componeait of balance sheeS" after five veajs of past have Mused inflation becaureof in- 

appreriation in fee yen mimmized the value of erased ^ r°rl^inhZ 

overseas holdings. Now, he said, the govern- tured m offimalstatisnre.Mr. Gcmispan has 
menl found it “politicallv expedient" to push admitted that productivity could be growing 
fee dollar down toa range rfllOto 115 yen. faster than hasbeenraeasure^ largely as a 

U.S. bond prices rose after the Fed’s meet- result of technologjc^advapo^ 
ing. but the sharpest gains were in the short- Mr. Munro said, however, feat fee Fed was 
terin sector.^Tyield on fee market bell- unlikely to be abandoning its raim^is stance 
J on inflation. Now investors will have to wan 

i r 6 CTnrvc six more weeks, he said, to see what the central 

U’Q- 3tu V M _ hanl- win do at its next meeting July 1 and 2. 

wether, the 30-year Treasury bond, was at Under Mr. Greenspan, fee Fed has made 
6.89 percent in late trading, down from 6.9 1 policy adjustments in a senes of small moves 
percent Monday over several months. Mr. Munro said it was 

^Alan Greenspan, fee Fed chairman, had possible, if unlikely, feat the Fed would alter 
been priming Wall Street for rate increases its fed funds target before the next meenng. 
since December, when be said fee sharp rally Trade Latimer. a market analyst in p^ r_ 
in stock prices, which took the Dow indus- lottesvilie. Virginia, said the kind of large- 
trials up 26 percent in 1996 and 35 percent in capitalization stocks feat made up the Dow 
1995, might reflect “irrational exuberance” industrials and the Standard & Poor s 500- 
on fee part of investors. stock index were likely to appreciate in cora- 

Ai though inflation is commonly equated ing months no matter what the Fed did. Tne 
with rises in consumer prices. Mr. 6reenspan current trend among Americans to uivpt in 
said feat the stock rally could lead to price tax-advantaged retirement accounts has led to 
pressures. His contention was that consumers ‘■‘systematic savings on a scale that has never 
would feel they were affluent because their been known before.” 
investment portfolios were appreciating, and ■ profit Optimism Lifts Market 
they would be likely to increase tbeir general r 

purchasing levels, putting upward pressure on Broad stock-market indexes were higher on 

prices. optimism feat the Fed's action meant cor- 

In February. Mr. Greenspan went further, porate profits would not be crimped by higher 
saying the Fed might increase interest rates borrowing costs, news agencies reported- 
even if there were no visible signs of inflation The Standard & Poor’s 500-stock index 

in fee economy. Yet his statements had little closed at 841 .66 points, up 839, led by semi- 
long-term effect on stock prices, which con- conductor shares, which received a favorable 
tinued to rise until March 25, when the Fed bill of health from Dataquest ; 


! jkeat ^ 

jolts Recti' 

' pi l, " lh,ati 


■vrS-Mt- 


x- w\il *ir 

•ft; *fes 




anw. H.. 


"HwotslT) Q-OTHirtertj; s-sraHnoual 


5aaaaffiKaaae^«a m--*j»e 

m P«tOTlamorehosbwmpold.rheyei« t il g l+4owri7rwondd^nrfn%tr^?i^Ift.^S 

.ft 

% saaissas£E»?^ 

: mxurnutatTve (»ue wftti dhmlends In mreai6. n-o^ 

- n - new tairo In the ixnt 5? weki The htafrtow towp 

,5 Tssa^asssss^ss^^SrS 



, ■ *ft«‘ 

. * : it w 

:: ~ 

off fnUtt 


.. , 

Vft .'.UlRftltlt 

> • r:.’ 0*^1 J 


% Oe. 



CNBC: Hu'incs* Tv 


. * ' -fi 


S CV 


stim;k M l 


‘assy. 2D 


u tert-#- 

• * v .■& 


■°' Tf.-I 


• 1 ■'!*«' 1. M * **~ _ft^ " 

- • ’•-JE 


y e 


•A’ W 


*1*9 

■>: *: 

■- a 
i- ; 

'■ '- -Msiteh 

-- 7. 

’ 1 I'OTf 

-■*: j*,) 


" *-• 4s'. 

c’. 


'FA 
j: yn 



^ Closed 

“ark-: 




*"’*12 _ 


'u jr.- 

+ a 53} fi*: 

•.•a •• 

-i' ft-s • . ” 


r* •:% ivj- t? 23 *-* 


*£ >5^ l! ^ .-‘■C - .j* ?'X 

o £■' :^c -2- '«5 

** v> -S-l CjS 

-K: 

v-ft '-k: 



a s. 


rJr 


h :% p ^ 

^■Sf aders 

IpM * Cr-iSj 0 ^- 

^fb,, W1 *■— ^aser* 

CSL • d!, 'On. * 


l»»r *Ma 

ywsTte 




Marti 





arcar- 


■^f+hL =jS £*Kam 

\ I bk 









H Makes \ Q q. 


mi {rev 
ster tfc 
Hilt i*« 


Alik 'n ;ii ■ ' i! 

^fcl Mr. Gr^ ; 


s-: it 

; ,n ; Ji »ivi c > 


Strike at Air France 
* Jolts Recovery Plans 

Pilots 9 Walkout to Cost Millions 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MAY 21, 1997 

EUROPE 


PAGE IS* 




P7* V W-n r*-n July V ‘‘“til 
* u > -^I.^j'.rrr'.r-'v •- ,R5 -* Fed c •“W 1 

-**■*■>: 


^UStna^A an-i m -r- s:,' " _1 , rn * | de Un if, 

g nur.tfr? :ri a PPr Ctl ^ 4 a «- 
V*I*. into--.: U> 

s > v • • - . . V'-- ^-‘■ouniv h,. i lr > 


** *m*i — ! 


tn khv+zi 3\-;'jr? ” : * 

Profit OpthusMn Lift 

Hr:*3C ^V-C-s-Ti -'i •’• 1 


Market 


Asrukbi t!v*: l-vj 
rale prof h; ^ J; < r ' ^ ■’ ^ 

frr w:.-.j L.--'-; - . ■* 

Ik. S r- a I 1 - 
' * cV. f'.v — ' 'i 

ft* ed d? 5s4;. J .«o j> : . '** 

fbJtkic? shun.' 

tti rj-.: 

Thf Tfrgejtrn “' f 

?o vt aj-.-k/,. r >V 

iilid TV.^1 J . . ..^ . 


■.; :e ;: v - rreh ^ 

*■- .un mean, n T 

, 

.‘V^Poiw F 






, r :r : : K <* ** 

'.', , f??** cr.it;. 


By Barry James 

••"emotional Herald Tnbunr 

A Strike by many 

Air France s 3,000 pilots cast a shad- 
ow Tuesday over the state-ownedew- 

Ufo s ™9° ver y program and its attempt 
to go private next year ^ 

The walkout, the first by pilots in four 
by many political Mid 
rconomte analysis as a critical test for its 
chairman, Christian Blanc. 54 who in 
foiff years has tinned the company around 
from ^-bankruptcy to breKeo. 

™ i° d ^ pdots 11131 toe strike could 
Jgl ?* ff n T n y 100 ra ‘tooo francs 
($17 J million) a day and wipe out the 
modest profit of 500 million francs it 
was expecting this year. 

Air France was able to operate all its 
long-haul and half of its medium-haul 
% flights, a spokesman said, but domestic 
services were badly disrupted, creating 
fresh havoc in a nation just getting over 
a six-day walkout by railway workers. 

The company declined to predict 
whai its service would be like for the rest 
of the week. 


«J S > rxmr?r: vr. ‘ 
Arc: v 

*»>.$*. ;:r 22.:*. ' r ' 

IBM asi ::r-, - 

rf-Ki. 

B ■ »-w. 

3fli.rpfi.uv Tr.v 

. r-’ : 

4.11k; y . 




The pilots were protesting the com- 

anv’s nlanc rn hin> « * cn 


•“‘■hnoldm 

safaft, 


pany s plans to hire as many as 450 
pilots at an annual salary of 220,000 
francs, rather than the 3 50, 000-franc 
minimum for existing air crew. 

The company appealed to the pilots 
not to heed the strike call by union 
leaders elected last month. It declined to 
say how many pilots had walked out 

Air France' s return to profitability has 
been a requisite for floating the company 
on the stock market next year. The air- 
line's dilemma was caught by headlines 
on parallel reports in the financial news- 
paper Les Echos on Tuesday. One said, 

‘ ‘Air France: Pilots Unleash New Strike 
Movement." The other stated, “British 
Airways Beats Profit Record." 


' v ' V'“ ffi9 
’• 2»>0 ■*.. 


* -?*»; . •-* 


British Airways, with a £640 million 
(SI. 04 billion) profit last year and a 
vigorous cost-cutting program in place, 
is challenging Air France on its do- 
mestic routes through its controlling in- 
terest in two French carriers, TAT and 
AirLiberte. 

At the same time. Air France faces 
formidable competition from the ag- 
gressively expanding German carrier 
Lufthansa, which is scheduled to sell the 
36 percent of its shares remaining in 
government hands this year. 

Before going ahead with its own pri- 
vatization plans. Air France has to finish 
digesting its takeover of the domestic 
carrier Air Inter, now known as Air 
France Europe, a process that has led to 
many ground ana cabin staff members 
accepting pay cuts and a two-tier salary 
structure. 

The pilots, who called off a threatened 
strike in Much, said they were willing to 
look at other measures that they con- 
tended would produce a savings as great 
as those the company hoped to achieve 
by hiring new crews at a lower rare. 

Mr. Blanc, a Socialist with a repu- 
tation as a patient negotiator, took over at 
Air France after his predecessor, Bern- 
ard Attali, gave way to strikers' demands 
and resigned, saying that he had received 
no support from die government. 

Meanwhile, however, a new threat is 
looming over Mr. Blanc's attempts to 
privatize Air France. 

Lionel Jospin, the Socialist leader in 
parliamentary elections this week and 
next, has said that if his party takes 
power be will call off government pri- 
vatization plans, including the project to 
sell Air France. 

Mr. Blanc has made little secret of his 
view that the government is an incom- 
petent shareholder with a “totally cata- 
strophic" commercial aviation policy. 



OECD Pact 
To Abolish 
Bribery 
Is Elusive 


Frankfort .. 
DAX ‘ 

3800 

3600 

3400 ftj 


London 
FTSE tOO index 


'0 J F MAM. 
1996 1997 


D J F MAM 
1996 1997 


CAC.40 

3000 

2800 

2800 

V 

2200 Y , 


By Paul Lewis 

New York Times Service 


Exchange 


Kju PfaKrafaKti'Rrui 

Rolf-Ernst Breuer, who became chief executive Tuesday. 


Securities Trading Lifts 
Deutsche Bank’s Profit 


Cimytlrd ty Ow Suff F m* Dafurhei 

FRANKFURT — Deutsche 
Bank AG, Europe’s largest 
hank, said Tuesday that pretax 
profit rose 28 percent in the first 
quarter, in line with expecta- 
tions, led by a 44 percent gain in 
securities trading income. 

Pretax profit rose to 129 bil- 
lion Deutsche marks ($588.9 mil- 
lion) from 1.01 billion DM a year 
earlier. Operating profit after risk 
provisions rose ll percent, to 
1.37 billion DM, the bank said 

“We will again be able to 
report an improved result for the 
year as a whole," the chief ex- 
ecutive officer. Hifmar Kopper. 
said at the bank’s annual share- 
holders meeting. “It would be 
wrong to simply multiply these 
figures by four. The year is still 
young, and there' are many un- 


known factors. Interest rates and 
prices cannot be forecast." 

Growth in trading income 
played an important role in first- 
quarter gains, and investment 
banking is expected to become 
even more important to Deut- 
sche Bank under the leadership 
of Rolf-Emst Breuer, the former 
head of securities trading who 
took over as chief executive after 

Tuesday’s meeting. 

Mr. Kopper will step down to 
become chairman of the super- 
visory board. 

Mr. Breuer said he expected to 
serve only one five-year term, ar 
the end or which die bank will be 
“leaner, more focused but as ef- 
ficient as today." 

Deutsche Bank shares closed 
at 97.18 DM, down 1.52. 

(Bloomberg. AFX) 


With less than a week in 
which to negotiate a compro- 
mise. the United States and its 
major trading partners remain 
sharply divided over how to 
enact a long-sought global 
ban on co mm erc i al bribery. 

The 29-nation Organization 
for Economic Cooperation 
and Development hopes to an- 
nounce a pact at its annual 
meeting of finance ministers 
that opens in Paris on Monday 
to subject films in all member 
countries to the same re- 
straints that U.S. business has 
faced since Congress passed 
the Foreign Corrupt Practices 
Act two decades ago. 

Bui while most OECD 
members acknowledge the 
need for a ban on kickbacks, 
which in some countries are 
not only tolerated but also 
tax -deductible as business ex- 
penses, a rift has developed 
between the United States and 
some of its allies on the form 
the ban should take. 

OECD officials say that 
France and Germany, with 


Amsterdam 


Frankfurt 

Copenhagen 

Krtsfritf 

Oslo 

London : 

Madrid 

MHart : 

: Paris .•••■ 
Stockholm 
Ytenatf 
Zurich. . 

Source: Teiekurs 


A EX 

BEL-20 ‘ 
PAX 

Stock Maiiiet 
HEX General. 
0BX 

FTSE 100, 


1997 

1996 1997 : 

Tbesday 

Prav/" ■ 

Close-. 

Close '.'.Chads* ; 

787.45 

79A30 -. "-Optf i 

- 2,22840 

1 2JJ4&30. ’“'■•O.SSf ; 


3J543.43 3,60455 , -1.79 


feiiBTEL 

CAC40 

sx-re 

ATX 

SPIv 


sagas . S7SL80 . *#ga 
3,035.14 3,02 ft 
. 61Z34 61W-. 

AjBCffJSO ' 4.84Sib. ; -0&£ 
S47J56 ■ , % 54lJBg; 

■12435 ■ 12427. ' V 

2,751.11 
' 2,983150 '• 

• 1,27036 .1^1,38 -^vSg 
' 3^1428 3jagjrffr«aj&f 

buenuiMM] Hcrmld Tribune 


Very briefly: 


varying degrees of support 
from Japan, Luxembourg and 


^ CNBC: Business TV Is Ticking Along Nicely - and Probably on a Screen Near You 

Continued from Page 13 during the day. Later, post- U.S. shows with local con- FNN in New York, suggested grows for a reduction in ; 

trading reviews are shown. 


The p rogramming is 
loosely patterned on sports 
broadcasting, with New York 
stock trading the big game. 
Early-morning broadcasts 
take the place of pregame 
shows, and there are play-by- 
play and halftime programs 


Although CNBC is ] 
i Wall Street, aneedt 


on Wall Street, anecdotal ev- 
idence suggests that overseas 
markets are a different matter. 
CNBC has been widely avail- 
able outside the United 
Stales, with versions in 
Europe and Asia that meld the 


U.S. shows with local con- 
tent. But it has not won the 
converts that it has in Amer- 
ica. One reason is the lan- 
guage barrier, another is com- 
petition from the older Asian 
Business News and European 
Business News broadcasts. 

Susie Gharib, an anchor on 
CNBC who had worked for 


FNN in New York, suggested 
the main reason was that 
“American people are much 
more do-it-yourself-oriented 
about their finances." If she 
is correct, some kind of tele- 
vised business news is likely 
to take off as people in de- 
veloping countries become 
affluent and as pressure 


grows for a reduction in gov- 
ernment-sponsored retire- 
ment benefits. A factor in 
CNBC’s U.S. growth has 
been the falling popularity of 
defined-benefit pension 
plans. As more people seek to 
manage their own retirement 
assets, business television 
may be a big help. 


from Japan, Luxembourg and 
Spain, oppose fbeU.S. call for 
all member countries to make 
a commitment to pass nation- 
al legislation within one year 
to criminalize such bribery. 

Those five countries want 
tire organization to negotiate a 
treaty banning bribery. 

France and Germany want 
to make sure that all OECD 
members place identical re- 
strictions cm their corporations 
at the same time. The best way 
to do that, they say, is through 
an anti -bribery treaty that 
takes effect only when every 
nation has ratified it 

But the United States and 
most other OECD countries 
say that a treaty would take 


• Germany's economic experts disagreed over whether to_ 
delay the launch of Europe ’s planned common currency in 1999. 
Two of the economic advisers to the government known as the* 
“wise men" said Germany and its European Union partners 
should work out an ‘‘organized delay" in the project, but an 
official of the private economic institute DIW recommended a, 
looser reading of the rules in the Maastricht Treaty to make sure 1 
the single currency was launched as scheduled. 

• LVMH Moet Hennessy Louis Vuitton SA’s duty-free' 
retailing unit, DFS Group LUL, failed to win a contract to 
operate at Hong Kong's new airport, sending LVMH’s shares. ) 
down 2.8 percent on the Paris stock exchange, to 1 .447 francs * 
($252.85). 

• Renault will bold an extraordinary meeting with its Euro- 
pean workers' council June 3 to discuss the closing of a plant' 
at Viivoorde, Belgium. The council said the French carmaker 
viewed die meeting as a formality and still intended to close’ ' 
the plant 

• Iberia Air Lines of Spain is negotiating with Airbus . 
Industrie and Boeing Co. to lease aircraft that would replace" 
its aging fleet of 28 Boeing 727s. 

• Russia’s unemployment rate was unchanged in April at 9.7/ 
percent of the work force, or 6.99 milli on people. 

• Britain’s Securities and Investment Board will take over 1 


years to negotiate and that 
finding lan guag e acceptable 


finding lan guag e acceptable 
to 29 governments would 
weaken the ban. 


the chancell or of the Exchequer, Gordon Brown, said. •>: 

• Centertel, the Polish mobile-telephone company in which- 
France Telecom holds a 34 percent stake, posted a 1996 neT 
profit of $805 million, up 70 percent from a year earlier. % 

• Marks & Spencer PLC’s pretax profit for the year ended' 

March 31 rose 10.9 percent, to £1 . 10 billion ($1 .80 billion), in'.' 
line with expectations, as new product lines and redesigned' 
Store layouts lifted sales. - Bloomberg. AFX . AFP. Reuteri * 




















PAGE 16 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MAY 21, 1997 


Tuesday’s 4 P.l*. Close f 

NoOonwfde pnces not reflecSng tajelradesefcewteft 

Ttie Associated Press. 


oh yw re mi 


a u n 


sm on yu PE 


Ad J 

.40 1Z 8 

u*« - 

*S i 


i|: 

1.12 lH 3 

j a I 

a 


Hi 

r,I 

;il S 

* a !? 

V2 0 g 


las ; 


II! 

?£ i 

JT 13 fl 


ziga « 


IC k J 


ga 


i«i 

jjj 


.« B i 
I i3 s 


Ti a o 

1 J 0 il 0 
■u A * 


I] 

111 

11 ] 
232 O I 
30 UT | 

ifi «3 _ 

III 


ill 





























































4 6> 

1 





>.s 

'lean 

'•'•Hi 

• the 
in- 

|| 

C -*P- a 

- ''.IjI 

! bus Jj 

f. • 

Aing ,■ 

*■ 

as a 

t,. r ; 

*A ii.S 

■ '-‘N'. 

/'-in 

once 

1 

i|. 

waij 


nirai 

"Mr 

id 2. 

1 ,1 

lade 

’U! vj 

oves 

alter 

ng. 

"'•Ol.i 

bar- 

‘■lilvj 




' ii I'j 
ryllr.j 


5« Bj- 

om- 



i 4 » 


New Products Help 
^ Honda Set Records 
Hi Sales and Profit 


By Andrew Pollack ' 

• V| ‘ H runes Sen i, ,• 

— Honda Motor Co 

Z mTS^V Is P*° fi * more than 
doubled m its founh quaner. cappi™ 

a record-setting year in which the 
automaker reaped the rewards from a 

b Hfnl VarnP J ng u 0f iLs P r °duct line. 

Honda, which once made only 

Finger cars, since late 1994 has 
introduced a senes of spon-utility 
vehicles and minivans that have gal- 
vanized sales in its home markei and 
proven popular abroad. As with oth- 
er Japanese exporters. Honda’s re- 
sults in the latest quarter and vear 
also were helped by the substantial 
weakening of the Japanese yen 
against other currencies, 
j. The company said its consolid- 
net income for its fourth Quarter 
which ended March 31, was 64.3 
billion yen (S554.8 million), an in- 
crease of 128 percent from the year- 
ear! ler quarter. Consolidated sales 
rose 16 percent, lo 1 .48 trillion yen 

For the year, net income more than 
tripled, to a record 221. 1 billion yen 
Revenue rose 24.5 percent, to 5.29 
frilhon yen, surpassing the record set 
in 1992. The company's previous 
record for net income came in 1986. 

Automobile sales totaled were 
2.18 million, surpassing 2 million 
for the first time in the company's 
history. 

Honda executives said increased 
revenue and more profitable 
products were a bigger contributor 
to its expanding profit in the latest 
year than the benefits of the weaker 
yen. Honda's sales and earnings 


grew in the previous two years as 
well, even though the yen was 
stronger rhen. 

In the latest year, the yen's weak- 
ening added 125 billion yen to 
Honda's operating profit, which 
totaled 404.4 billion yen. But in- 
creased revenue ana the new 
product mix. it said, accounted for a 
much bigger 232.7 billion-yen gain 
in operating income. 

Honda has isolated itself some- 
what from currency fluctuations by 
manufacturing offshore. About 80 
percent of the vehicles it sells in 
North America and 50 percent in 
Europe are made in those regions. 

Honda said it expected further 
modest increases in sales and net 
income this year, assuming that the 
dollar stays near its current level of 
roughly 1 1 5 yen. 

Honda's stock, which reached an 
all-time high recently, closed Tues- 
day at 3,630 yen on the Tokyo Stock 
Exchange, down 120. as export-ori- 
ented stocks fell because of a sharp 
rise in the yen. 

■ Toyota to Post Record Profit 

Toyota Motor Carp, is expected to 
report that its net profit rose at least 
60 percent in the year ended March 
3 1 . driven by a strong model line-up, 
currency benefits and cost-cutting, 
Bloomberg News reported. 

“They had a great year,” said 
Stephen Volkmann. auto analyst at 
Morgan Stanley Japan Ltd “Expec- 
tations are running pretty high for 
earnings. ' ' Analysts said profit would 
be about 420 billion yen, with es- 
timates as high as 4713 billion yen. 


INTERNA TIONAL HERALD TRIBUNE, WEDNESDAY, MAY 21. 1997 

ASIA/PACIFIC 

6 Stocks Fever 9 Alarms China 

Beijing Seeks a Cure After Prices Soar 60% in 4 Months 


RACE 17 


By Seth Faison 

AW >‘nt> T imes Virrire 

SHANGHAI — China’s stock markets have been 
showing signs of irrational exuberance again. 

With so much excess cash swirling around, and an 
anything-goes mentality at work. China's markets have 
become prone to wild swings of buying and selling. 

Stock prices surged more 
than 60 percent in the first four H" ’ ' 
months of this year, one of the 
strongest performances in the 
world. But China's central au- Share Influxes since 

thorities were so alarmed by the • ^ 

buying frenzy that they ’took 

several steps to cool it Iasi week, 50 

sending the market down nearly 

10 percent in a single day. 1 _____ 

Now it is anyone’s guess ^ KlEEi 

whether the buyers — the re- . 

toilers of securities and indi- 

viduol investors — will spring 

back into action, and if they do, 10 

how regulators will respond. ^ 

“What's going on is a battle r 

beiw’een the regulatory author- In' 
ities and the retailers.” said ’ J * * 1 

Peter Alexander, director of Di- ; 

reel Pacific Financial Services Source Bfoomterg 
in Shanghai. “Lately the retail- 
ers have been winning.” 

Buyers had been betting that Beijing's efforts to 
calm the stock market would be mild, Mr. Alexander 
said, because of a belief that the central government 
did not want to take drastic action before July, when 
Hong Kong reverts to Chinese rule. 

But as if on a dare, regulatory authorities in Beijing 
decided last week that their past methods — an editorial 
in The People's Daily cooled a similar buying craze last 
December — would not be enough this time. 

To try to absorb the free-flowing cash that has been 
flooding the market this year — driven in pan by 
falling interest rates — the authorities announced 
plans Thursday to raise their quota for new share 
offerings this year to $3.6 billion, or double the 1996 
figure, potentially Hooding the market with new 
issues. 


Chinese Exuberance 


They also increased the transaction fee charged on 
each trade to 0.5 percent from 0.5 percent. 

The following day. the authorities suspended trad- 
ing in four listed companies that had shown abnormal 
price movements. Because market manipulation is 
believed to be rampant, ihc prospect of a crackdown 
was what hit home, and the market plunged. 

It can hardly be coincidence that word also began 
circulating in the markets last 
week that Zhou Daojiong. who 
heads the Securities Regulatory 
Commission, would soon be re- 
Sham indexes since Jan.1, 1987, % change placed by an official who better 

. - understood markets and the 

• benefits of aggressive regulu- 

-m — lion. No announcement has yet 

(\\ been made. 

~T~~ p The Shanghai market rose 
J U slightly Monday as trading in 
, the suspended shares was re- 

sumed. 

*. / } *:.! On Tuesday, the Shanghai 

c «i market’s index for dollaude- 

’ V nominated shares — those 

KmwmKgmpn ' available to outside investors — 
i at . iA i tai il raAt t. i fc ia rose 392 percent, to 88.29 
r ~* 1 A * ff" 1 points, and the index that tracks 

l* 8 * shares available to domestic in- 

on vestors posted an even larger 

gain. 

With interest rates falling, said John Pinkel. head 
of China research for Merrill Lynch in Hong Kong, 
investors have been less willing to pul their savings in 
the bank. When the market began to surge this spring, 
many new investors stepped forward. 

“The fundamental problem is a lock of investment 
opportunities,” he said. 

The Shanghai Securities Exchange processed 1.3 
million new accounts last month, a number equal to 
nearly 10 percent of its total accounts. 

“The really staggering thing is that the volume is 
even larger than Hong Kong's.” Mr. Pinkel said. 

The value of shares changing hands in Shanghai 
and at China’s other market, in Shenzhen, reached a 
combined $4 billion a day at its peak last week, more 
than twice the volume in Hong Kong, where the 
overall market is significantly larger. 


Chinese Infrastructure Likely to Benefit From Hong Kong Reserves 


^ Bloomberg News 

MANILA — Hong Kong's 
most senior civil servant said 
Tuesday that the incoming 

' — ■ Affi YOU DEALING — 
WWIERNATONAL BUSINESS WITH 
.FRBKH, GERMANS; AMERICANS 
Wfe wf train you management on nikurat 
differences between these nations and 
Sw mentafctias to provide higher success 
and profits In your rtemaiond harass. 
For more information please contact 
Ur. Heiier Strifes or Mr. Weiner PBsner. 
Phone: 449-631 -35T730 or Fmc +4M31- 
3517320 ore-met HGSKieoctcom 


Hong Kong government may 
invest some of its $64 billion 
in foreign reserves in infra- 
structure and environmental 
projects across the border 
with China. 

The Hong Kong govern- 
ment will invest only in pro- 
jects that benefit its citizens, 
said Anson Chan, Hong 
Kong's chief secretary, who 
will continue to head the civU 
service after the transition to 


Chinese rule July 1. The law 
that will govern Hong Kong 
after the handover to China 
stipulates that the territory 
will have control over its own 
reserves. 

Even so, "The border be- 
tween ourselves and Guang- 
dong is getting more ami 
more porous,” Ms. Chan said 
at the Pacific Basin Economic 
Council meeting in Manila. 
The council is a group of Pa- 


cific Rim leaders. “There is a 
need, if it makes good sense, 
to coordinate in a better fash- 
ion the development of in- 
frastructure, for example the 
environmental decisions that 
we make in Hong Kong 
across the border,” she said. 

Her comments come after 
three prominent Hong Kong 
legislators, two of them 
backed by Beijing, were 
quoted in the International 


Herald Tribune last week as 
saying they wanted to use 
some of the territory's re- 
serves to invest in China. 

Such joint border projects 
do not suggest that Hong 
Kong will begin using its re- 
serves to invest in China on a 
regular basis, Richard Mar- 
golis, an analyst at Merrill 
Lynch & Co., said. 

“At the local level, it may 
become necessary to think of 


Investor’ 


Hong Kong 
Hang Seng 

14530 

12500 V 1 

•jnnn ■ 

“d j f m a m 
1996 1997 


Singapore 
Straits Times 


Tokyo 

Nikkei 225 


□ J F MAM 


D J F MAM 


Exchange 


Singapore Straits Tim 

Sydney AH OrcSnari 

Tokyo Nikkei 225 

Kuala Lumpur Composite 
Bangkok SET 


1997 1996 

1997 

1996 

1997 

Index 

Tuesday 

Close 

Prev. 

Close C 

% 

lhange 

Hang Seng 

14J336J20 

14.108^2 +0.90 

Straits Times 

2,053.99 

2,050^4 

+0.15 

AH Ordinaries 

2330.70 

2,531.00 


Nikkei 225 

20^32^3 

20.469.75 

-0.77 


Seoul 

Taipei 

Manila 

Jakarta 

Wellington 

Bombay 

Source: Telehurs 


Composite 1,058.62 1 ,041.39 41.65 

SET Closed 577.10 

Composite Index 73467 721.20 +1.87 

Stock Market Index 7,996.75 8,107.54 -1.37 

PSE 2,499.33 2.509.36 -0.40 

Composite Index 652JJ3 652.55 +0.04 

NZSE-40 2,295.39 2,307.56 -0.53 

Sensitive Index 3,768.30 3.776.31 -0.21 


tnlL-iii.ui-'ful Ik-rdJ Tribune 


joint funding of a number of 
projects,” Mr. Margolis 
said. 

Ms. Chan reiterated to the 
executives attending the 
council's 30th annual meet- 
ing in Manila that even after 
Hong Kong was returned to 
China, the Hong Kong gov- 
ernment would retain control 
of its financial policy, includ- 
ing management of foreign- 
exchange reserves. 


Very brieflys 

• Japan's industrial production fell 0.3 percent in March, 
revised from u preliminary figure of 1 .5 percent. Separately, a 
report by the Ministry of International Trade and Industry said 
Japanese manufacturers continued to shift production over- 
seas despite the decline in the yen over much of the past two 
years, but many said they would restrain overseas investment 
or consider doing so if the dollar moved up to 130 yen. 

• Giordano International Ltd.'s stock surged 8 percent to 
4.775 Hong Kong dollars (62 U.S. cents) on renewed spec- 
ulation that interests backed by Beijing may buy a stake. 

• The United States' trade deficit with China is likely to continue 
widening in the next few years, a study by the Federal Reserve 
Bank of New York said. 

• General Motors Corp. reached an agreement with China 
that made the company a leading contender for an automaking 
joint-venture contract, according to a published report. 

• Sumitomo Corp. reported a group net loss of 145.61 billion 
yen ($ 1 .26 billion) for the year ended March 31 because of a loss 
of 285.2 billion yen from its copper-trading scandal. 

• Sony Corp. developed technology for high-capacity record- 

able optica] discs that will be able to store 12 gigabytes of 
information, or about five hours of television programs, on a 
single side of a disc. Bloomberg. A P. Reuters 


Singapore's Exports Improve 

Bloomberg News 

SINGAPORE — Non-oil exports rose 5.9 percent in the 
year that ended in April, led by semiconductor exports, which 
jumped 13 percent to 1.3 billion Singapore dollars ($906.2 
million) after five months of declines, the Trade Development 
Board said Tuesday. 

The board warned, however, that it was “too early to 
conclude on the basis of April's figures that the recovery in 
global electronic demand has begun." 


jf ,-lfWi- 

r **r 

-r J « 

Ki' 

<«** 


■; -NYSE 

Tuesday’s 4 P.M. Close 

(Continued) 

tot* . __ 3k 

Lav ten DU Ad PE 1OMH0 Lav LON 


- i*T ■ . SI*.- -1 13 Mutt 

Dh YU PE lUhKp tov Uttal Onr I Hj* LBV SW 


Dh VU PE lOOj Wjn LBV Lotto Oigr 



pm 


/£? psJ>5 mr* 

WH* 


ill 


* 

• 4 

rli 

m 


l % t 

1 lj# 


*a 



js a -g J 

| fl :J I 

W ®* JS S 


2" ah -a S& 
«** aj" -* 1 JL 
ft* MB -ft jfS 

SSI i 

W Si -£ b 




u» i3 & 

■*.8 jj_ 


23=13 


u* »7 „ if 
zim iT ti ' 

)J Ij * 'l 


*3 1 j j§ 

1 i I If 

15 ® 9 'll 
fl Sbs 


I 


*1! P IS 

a 

. cc 71 ik an 

1 19 

* Cl 
1 

a *2 

ilM B. 


* SR 
= * 
& sa 


J p 


■9 a 
-I es 

♦3 m 


* hh 

;S rS 

d ££ 

I .E S 
1 W'& 


is a « 


*2 « 


II 

8 
l-T-U 
Ojf U 16 

i 

3 » 1 


viS nS ^ 

“ * 
a u « 

HMD 


44 1 


ts (a 

I £ 

„SS lift 
,K .ZS 


IIS 


« mi *<• 

? 

_ 479 1SV> 

_ ll I4V> 

IM 149 19M 


- ifi is 
5 S3 

- II 7SH 

S 2SSB 
= fi IS 

-h U7 911 

a ,j Baa 

S 

f! iJ3 


A & 

ja fa 
bs !k 

4 m 47i* 

i t: 

raS Jr 

h $ 

h m 

B M 
s: 

S- 

in iff* 


life iiu 

h la 

1M IM 
11(1 1314 

tj HA 

114 iin; 


ll-b 

*• J; lo 


S9P 


iTTTTfii 


DUTY FREE 




W^RLD 


Mercedes Benz S 500L Polar White 


BMW 850 CiA Orient Blue 


Dubai Duty Free's Finest Surprise 

Your Opportunity to Win Luxury Cars at the 
World's Finest Duty Free 

Dnfaai Duty Free pioneers of the finest surprise car promotion, now in its eighth yeu^ offer you a choke. 
Tickets may be purchased for one or two hanry can -at Departure aadArrirads. For each cat} tickets are 
priced at Dfas 596 / US$ 139 and Hwittvd to 1600 booafide travellers either departing from, transitin' - 
tiutHigfa or arriving at Duhd Intcnia tlonal Airport Tl>c draw date and wi r ain g n—ib ei s will be pnbtished, 
and e«di participant wffl be advised. The cars wffl be shipped to the winners' address free of charge. 


depot Mr Jm Fly-Buy Dubai — 


JOE F. MULLER 
(Series fl 655 -Tidci#0859j, 
Swiss living 
in Lueetne. Switzerland. 
winiKrofaPcndK 9 ll Tmja. 


CONGRATULATIONS 

Daanunrwaramsomawams. 

sssth winner 6S7lh .Winner 

ABDUL RAHIM AL IBRAHIM ABAOUD 

SUHAJU ISeries ff657-Tid»t# 0617 k 

(Series# 656 -Tidua* 0468 K Sauifi aatknal b'vine 

Iran h-mf! in Al Aia UAE. inSamfi Arabia, 

winner of a Mowies Bern S SOOL winner of BMW 850 CIA. 


658 thWinner 

GOPA 1 AN 1 K 1 SUIN 
REWACHAND 

(Series #658 - Tick« # 095UK 

Bring in Dubai, UAE. 
waoerofaPcnche9ll 
Carrera 2 Coope. 


For further in formati on please call Dubai (9714) 244454 or Fax (9714) 244455 


Continued on Page IS 






































































































r. — ~ — 'ELrodt--: 




Jtc on I 


n0, ^H2 four. 


■ r "«an min 


•'’•n >?urh 


Cvcl 


aroiH 


■nasep^T" 

% HhBR* jS! 

mulliilwou. .. . > 1 1« I 


r a \ jss 
? ** la® 



■rwBP* 



m 


mi 13: 

* 1US. 

| 41 W. 

I _ > ML07* 

- 

* it iSjf: 

BMTai a 4774173 
lua * JI«S 

! 10129 

***tualfunds ,MJJ 
dm 5 IS 

* ii -w 

* .34-12 

* 2411 

| 27.»7 

f 24 77 

8 J5 01 

li* 

I itS 

5 la*6 


s ,68 

1 117.9480 



INTERNATIONAL HERALD TRIBUNE, WEDNESDAY. MAY 21, 1997 


Quotatloin auppflad by fund group* ta Ml nrupil Faria ftri; 30-1 40 M 09 08) SOTVtCe SpOftSOTed by 

For information on howto list your fund, fax Katy Houri aR (33-1)41 43 92 12or E-mtil ifundsOHiLciom — A 

Cuotortlon* tor you- funds Mia &mall : e'ftmdsOft&com |\|UKIA 


PAGE 19 



wormiusT * ,Ma 

" ssssssss^ \ ws 

Uimirrn “ 1 IA7W 


M2 FI RRIER LULL1N CROUP 

■» f L Tnni Asa i 193.99 

» Fl Trial Swnrertona SF tjvao 

943 FIDELITY INVESTMENT 
TH ■ 0a 797 751151 230 

•1 Npu Eurooe Fima I 74 j] 

a WOrVjFwvl i jji |? 

J For East Find 5 »tB4 

0 Orient Fund 1 10384 

0 Qowv S^KMI FmM 4 JO 40 

a iwaa onwn Fima s jaw 

■66 nHAHM 0MUF IM 64 1 24M4M1 
W3* EMo«inanML4«wH.coai 
m Tlw 5E Asa FnmtierFiMd 5 ;v 

m The Vtffnam Framer Fund i mg 

064 FLEMING FUND MANAGEMENT 
LUXEMBOURG [Tell 252 34111) 

THE OASIS FUND MCAV 

■ Hsmaitonai EwOv fmih i 110233 

667 PM GROWTH FUND (*S1) 316 455 746 
n NAM 01 Frh 28 S 102.45 

Mm LTD 


a Wpocn 0nMn 
1 Nam AmcncanGrowtn 
1 Ucmro Reserve 
a ur-Growm 


! if£g 

S 1 445.1 D 
it 3434.10 

I WA 


mm 


( ALFRED BERG SI 
I a Global 
1« d Germany 
i^d MDtrtand 
mbd Europe 
no North America 
l.tf Ftr Earn 
I d Japan 


5iW^ ,7Jsian,J 

FSraSn- fJJ 

RGSIttV 


i 127^07 

i Jp«i 

% yn mu 

S I67-MM3 
1 44.7504 

; row 

I 17*8493 
* 133-5252 
S 25U«H 
_ * 1OT7414 
ECU 15?.- 
i 1313436 
DM UILDA45 
Ecu iqm, 
SF 131.TO2 
E FUND 

DM 

S 3134074 


1 AllanceuSGr.SPufsA^s 

: eggi&Sir s 


s 230 43 
M 353.41 
■F 30111 
M 37004 
S 191 J4 
S 174JJ 
1 1118520 


: iSsi^ i Jfl 

idw Aitas Fo-hyc cv 

AdUFd-T 
Ernp AUK 
Europe Fd 
FulUFK Fa 

S5$?/S 

Hdg Fa a 
Nda FdCl ClAjrtO 
JJrtoAmer lAprtOI 
oj wnRrHcFI (ApfXI 
01 Alpha SAM 
- Short Fl 
TUdaM 


~m GWalww’vSli^Martfr 01 
n me Rima Fd (AoriM) 


- o£.IwSl F w ' * ™ 

= sf « 

Bajgaaaig 
: gpSsa- S gg 

- |^®«^a l GS ,f! “ L ' a BK 121?^ 

wcS2SVo , :?2 F,,ndUd OM IwaS 

' cStSdS » 

; ^aa&i^fDMiA dS noui 

DM 1T0S-U 
SF 104622 
SF 107122 
I 1040.12 
l 100*93 
DM 115122 
DM 130*19 
12113703720 
UI13452A4 00 
LF 111090 
SF 123945 

S 1070.14 

I 119JA1 

DM 1 320-24 

SF 1279 JO 

J 1741.94 

II17J0 
DM 1329.7S 
SF 135*48 
S 1341^1 
BF 434507)0 
CS I509A4 
DM 1901*1 
Ecu 140002 
FF JD71.I4 
FI 131257 
IS1SM4327W 
Ph» 154032*0 
SF 42999 
I 5077.97 
Y 1475997)0 
t 1773JI 



Baffigras®"* u. 87-MO 

: S£?fess?‘ I ttfl 

« Ciosi D icCu Bond) Ecu 11*7 

OHJAMES RIVER CAPITAL COW*. _ 


• UlGtabotLia iMmtEpl 5 1 4*4.00 

a *ici»o Kirxr lto 1 May os m 1 i4iuo 

- 5nmond Fa Ln <Maf vud S IffLOO 

» SHnencno* IMapOEn I 22D±00 

rrra w6 '««'» ’;«* 

4 JF Far Ea*1 *mt Tt t 137)6 

a jK Gtobal Conn. Tr % 1495 

a JF Honp Konp Trusi 1 HAi 

J JF Jam Vo. Co Tr r 3424500 

a jf Japan Trim Y TTSEoo 

i iEMBW * Si! 

a JF Tun ana Trust S 33.98 

095 JULIUS BAER OROUF 
7 Baertxm SF 

u comer sf 

0 EaUMKcEam SF 


OE^XHE MARK PORTFOLIO Du 

a OouB DU 

EUROPEAN BOND PORTFOLIO 'DM1 

3 0335 A-' Du 

0 LJJSJA-: DU 

a CKHlB-I DA 1 , 

a C»iB3 DM 

EUROPEAN BONO PORTFOLIO UJSft 


DU 20.17 

B E. 1 . 1545 

M 1948 


^ glnrtt acar 


■78 FORMULA OROUF 

d FcmrxJa Fund Nv I 109 JO 

III FRQtDBERS MU LT3- SECTOR FUNDS 
Ttfl (4161 364-1 171 /Fea (414) U4-03T2 
» Fnmbera Cofrrncv S 837 78 


\WM§ 

a CaNMBandFupd 


it FtaOMij Fixed mnm S 9 vabj 

e FrtadBMB EMUY HMpe S 677 P5 

* FnedMfD N0i> ieolona . S 1093.92 


J U.5. Gcnwoi Cam 
d UJUtMt 
IU AAHMOLD & 5. BLEKHROEDES 
CU CRCO Ti* 01 1 -M*9 322-222 
■ Artos CocdohhIoh < 


DM 424.12 
DM *5077 

FF 115138 


DM 42*40 
i 2387U 
f 2617)1 
PlB 4811530 
PlD 5360*00 

B XHVJV 
X5MD7K 


Y 217697)0 

i ^ 

H 931.17 

l ^ 

DM 252*3 
DM 27*06 
DM 171SJ1 

“9 

1 1780.17 

l 14733 
C 14134 
% 122051 

_S 490.16 

j l 

Y 8449*3 


0 Tetoll -HN-ffi 

“ a«bs C ocpo naiDii _ silOB*33E 

» AguOq In tern ml onal Fund s 7XL37E 

DEFtanSpliY SI6411A4E 

■E. n 1-li 

015 ASI£ PACmc PERFORMANCE, 5KAV ^ 

OU ATLAS CAPITAL MANAGEMENT LTD 


r.uw Alii, iwinii aciuHnn 

a FMGGI6MC30AM 1 19 ?j 

m FMG N. Ann (30Apr) I 1*77 

m FMG Eirae ttoAprt Dm 7181 

a FMG EMGMKTrtOApr) t 1*24 

m FMGQUOApy , |££ 

in FUGFUdMUpt) I 11. VO 

a Glolni Dual Granin Fd * 4414 

m Tna Russian Fed— OOApO i 14 72 

FURMAN SCLZ FINANDAL SERVICES 
Tek -3U I 479 7924 Fact JW1 479 7*28 

a .Acacia usa Fund s 12S09E 

dAcoaa USA GmaOl Fund 1 1218CE 

n CjeSMwd cap hid Ltd si7bcaie 

a Liprr imesMienfsA Ud S H5e.87E 

• sauoanici an ua iumme 

w mteroNa Fund ua s 94074 

” 073GAIA CURRENCY FUNDS IFAKI2SP5 
Tel 353 1 6763188 Fa* 3S3 1 676 0570 

• Gaia Hedge 11 I 17*13 

c Gaia P i . s 20730 

n- Gala GummtaM a 1 I 9B*8 

m GMdOuanmlefaO.il S 9438 

pASEPlINlR FUNDS 

Ganna Taul -22 735553d Fa*-4l-22 7840105 
r GednorU S 1*25 

• Sa—mi World Fima I 6I2JOM 

075OENESEE FUND lid 

■ (A) Geonce Eapto S 23215 

— 176 GLOBAL ASSET MANAGEMENT 
,'FA*:U£«35fla. ui(«era l^abe 82502 
INTERNET SITE OINl j/aww Mltell fa i mi 
OFFSHORE FUNDS ' ' ' 

n ADW 5M3DU0M5.I of Mon 441624424037 
» GAM esaeaal Band t I4Z23 

• GAMArtNiane S 5SU6 

■ GAM ASIAN I 421.90 

» GAM Aslan Dev MkK 1 108*0 

v DAM AUNIDda I 281*6 

» GAM Sonar f 19532 

m GAM B™ DM DM 145.78 

• GAM Bona SF SF 119*6 

» GAM Band USIOrd t 16237 

■ GAM Bend USSSpcdM S 228*9 

• GAM Etei'Jlo S 1577)1 

■ GAM CaaMt AppicdaMl Inc S 101^— 

» GAMCGFFrnc t ido.75 

• GAM CiawMata 1 15777* 

■ GAM DhrertdY S 35U6 


I 


!2ffi K ^m c CTA«V.r A “ c 

n jA Donor PeM t 1*7* 


foJSSs^Irung fortfoijo * 1063 

a Cam a t 1*3] 

o rtm E i 1834 

CORPORATE INVESTMENT GRADE FTFl _ 
0 Ooi»A S 1542 

?en PoR^-Foua * 443 

s ass ? ^ 

MULTI CURRENCY BOND PTFL 
a cionA-i t 9JB 

a Cioma- 2 I 253a 

J Can O-l 5 9.« 

J CMS B-2 S 2*21 

US FEDERAL SECURITIES PTFL 
a Ci=uA S 9*4 

a Can B S «** 

11* MERRILL LY74CM HK PORTFOLIO 
a cassA s iija 

a cie» e a »ij» 

a Clone S 1IN 

ID MERRILL LYNCH MEXICAN INC PORT . 

0 LYLCasnclMQA 1 10*1 

j MiwaiUKSPfOaB S 10*1 

a 44MBCP mcPesoPMa* t III 

a Macao ire Paso Mia B S 113 

HI MERRILL LTNOI NA V as M 1 605*7 
a SpnarFucugRatePtll 1 1001 

DOt_A» ASGETTPORT FOLK) 
a ■■ na Pc j Wcng t Saorw 1 1*0 

d instVMrai n Siam s 1*0 

a CurpnrShcm S IDO 


S 1 7JB2 
401441 HT u 
I 161939 
S 1083*1 
SF 126*31 
S 111*91 
CEMENT 


a PwnwrMfc-’ine.GNMAFd } 7*s 

d Pcmani iefr Fana 6 20.N) 

1 44 OUANTUM GROUP OF FUNDS 
■ n 1 hi namii 1 miir 1 15900 

: ErSu *0>SmFa KV. % .312*0 
« Q.-Sfip FiTdlV. S 2181000 

: gsssisssri&d mt 

1 %£zr£:>fij >u ' v ' i J»7*o 

M5RABDCAM-TU •ISLWJUI , 

iHpr us 

0 FaeaSciFaEaulhr Jj »JOg 

a Rffia be: Fd F*1 income Fl 52*725 


I \ 

JUtA Ecu 

USA 

r® si 

;S?a 9 SS 
4*\ 


WORLD INCOME PORTf 
a Oau A 
d Qa»B 


1 KHhv 



i 10075 

i 


099 LEHMAN BROTHERS 1IAMT 
a LannanCiffAav. TLB S 

d Mute Srawov Fd 11 nv B S 

a MuM-snatepr Fd 11 nv a s 

a MuB-sratarFdNVA s 

a MuHt-SlratesT Fa NV B 1 

0 PreBUerFutumj MM 3 

1MUBERALBJL3. FUNDS 
Ttli 55 31 21? 4176 Fax I U 21 262 7250 


1 *7*1 

DM 57*0 

DU 3235 

I 19 40 

Ptai U5 S 5 JM 

St* 38*5 

S 0735 

DM 04*8 

DM 0705 

5 50775 

S 0110 

pat 3130 

DM 4935 

INC 

679 7924 
S llUi 

I 310.71 

S 198-50 

S IB! 02 
I 121*6 

Mewrme 
S 11.97s 






S uM (uni UmrtTFDEMA 

a uls (Lin) Short pDEmt 
171 US GLOBAL INVESTORS MC SUERNSTT 
* 

192 WHJjn FUNDS MANAGEMENT CD. 
INTERNET Wpd.N— ■HhWI.I.lIP 
Til : PS22 46 8192614 _ . 

S ansss^j 82S Euw l Jffi 

: SKiSSSa-no 1 ^S? 

rn truer Saudi Easi Asia S 1733 

- mitcTPiKsm S S-M 

w nvnanonaCopBu SUS S 1*9J 

w DteecMnd Ew Ctneactes Ecu 15-33 

W WiWROBOyEiaaM Ecu 33*2 

» WlOrraOuttr holy Ul 1313600 

* AltMaoBYNerdi Aneila S 2D12 



983*6 

111 WP STEWART GLOBAL GROWTH 
» V9P Stewart Global Gmctfi i 1371573 
179 WP STEWART HOLDINGS N.V. 
a WPSHIADAMSEl S 821*0 

191 WPS IIIVESTTS5EMEMT5 5JL 

a Giaeai TKBnoiaoy Fund s 15134 


111 MULTIMAHAGfR N.V. 


n E rnrua MPltls 
m AilKUJua 
m Heap* 


V S SV56 


• RlOKOurr America HK 

■ Rencduttssimruc 

■ PcncaariFjgimsK 

m NaagL-itC ap en aOT 3 Me 
m Rtencun OpsatuWv l inc 

■ RjctmjitCEpsraml*y5 Iw: 
Ml ROBECO GROUP 


I 1R3.7VE 
I 1 366*8 E 
S I9I6JR9E 
S ID72J7E 
I io?2*ve 
S 1 079. WE 



s M ^«ssr mQ,i,# r 3W 25 I j 

i i i 


d f'i.LAV ll^md 
<7 F.ILM. IV Fima 

a F.liT ii Fend 
a SA.FE.Fd 
d S.TJ B. Fund 


■ GAMHJghYWd 
■t GAM Haag Keng 
6 GAM Interea Trend Fd Ik 
m gam Japan 

: gssfcs sMm 


S 341.15 
S 207*3 
S ID7JJ5 

i 15250 
S 106038 
S 98*3 

DM 1907M 
S 185*6 
DM 13288 
S ivCn 
1 101119 

SF ta* 
S 155.08 
S 98.96 

s * SES 

S 795*4 


S 1201 JB 
5 111*06 

S 111139 
S 1147*3 
S 158154 
S 1174*5 
S 1462290 
S 1K79B1 


T«i noj i62i an si -itivn 
Fauna: (62) 121)521-2677 
v java Fund S 8*8 

» 1 DR Manor McrtMFd S li*4 

a Indonesian GnMth Fd I 49 JO 

1 H UOYD GEOMC MHGMT (H9 2R4J 4431 
6 LGAimmaFund S 19*8 

6 (S Asian Smaset Cat Fd s 20 test 

■ LG India Fund Ltd t 9 . 79 

m LG Jaoon Fimd S 6J4: 

■ lg Rons Fuad Pk 1 5391 


126 NORTH STAR FUND MANAGEMENT 

TNL 4*5-33231122 Fax. +*53KSsg7^ ^ 

» N3 Wmp S n mw FO Dkk dt 
* NS Mind uttemovaral Fd DM 24 
■ NS Canoed Fund DVk 28 

■> NS (atemaMmd Currency Fd S Z 
m ns Bd & Mangaga Fata DU 16 
— 127 OLD MUTUAL WTL (GUERNSEY] l 
» UKted mtentsi t 

SHrtaa Maaaapd C 


Fl 72730 
Fl 16180 
Fl 10VJO 
n 10002 
FI 124*0 
R 127.12 
SF 100 00 
S 100.38 
SF 99.99 

S 105.37 

BF 1002*0 




• in* Fhed inrerm 5 

m gS5) l ASS%CliniaHL« 1 

w Pooe SnttmartjH S 

* Datat SptaotMaVM 1 

121 OLYMPIA CAPITAL INTI. INC 


I 4 ’iil 

w LNcnn S 279189 

• Otm-yotor _ SF io*93i 

» PiFOnBwige Siam Puna SF ijSxbm 

P Pnoond FirHY EmarMUs S 146.937 

P PiBiond Fund Ecu Ecu 155373 


a PrawWFoMUSS 


4 Fd 

AmaagpFd 

ArblnmeFd 


S 125294m 

S feggiSP 8 * 15 I "HSs 

: 1 hBEJ 

• H7 BAllTW 44-171-734 2708 
1 UtmarU Fd LatesHNAV S 647.78 

r Caim! Fund RiSS) S 535*8 

Oil BANK BRUSEEL5 LAMBERT (02) 547 2027 
d BBL Imran AiDMlca Cop S Trite 

d BBLIncott BerniumCop BF 228557M 

a BBL NNen Japan Cap v 328 —jh 

BLHiwstLoitaAiierOip s 438*1 

S 29*74 
S 364*7 
E 371*8 

a BBLIUiraeNEuitVRCap lf 2i99*io 


FT 204684 
S WB-M 
S 535*8 


a BBL — Japan Cap 
a bbl M wsi Lata AaerQip 
d BBL tmieji HK & China Cm 
BBL Invesl Asjan Grill Cap 
BBLinven uk cop 


LIU mml EunsaCap u= 2199*80 
LF 5117*0 

t nasa 
% 56535 

FF 57532 
LF —1100 


FF lS» 


w GAUPncWc S lamp 

w GAM Pan Eunma SF tea.® 

a gam p5i Evmpm s m.o* 

» GAMSaem S 98.94 

: Siai«dB«d s * ses 

; gsa» oWMaw,,B ! ^ 

: 8SS!?S5S5S m > m 

H> GAM TiaSna U DEM a DM 9838 

v GAM Tnrffno II STG □ £ 9937 

> GAM Tiudlnfl ll USD 0 S W|9 

Z GAMuIl S 401.2U 

• GAM UnMrsal USS 4 24652 

w GAMWbrkMda & 910.19 

■ m GAMeikO S 649*1 

: fficSSSite si to 

0 GSAMfC. Write S 448*6 

: D *{ 


12*2 : gtSe 

'Iv-l? ill LOMBARD. gdier s of. caou0 " JSncn. Fosetcn Djogm 


1M LOMBARD. OOIERCUE- GROUP 
d LD SotssS AM CopsOiF SF 

W4 LOMSH^cS^tOPPORTUNITY 

d Swfttadand SF 

d Fiance FF 

d United Omdooi A Inland C 

d Germany A Ausela DM 

d Saute ern Eurepa SF 

d SandMavn _• SF 

OBUFLEX LTOiaj 
d MuSeunency S 


■ Qtympta stw FF HtdatStr FF 

w CHrmptasErFF«ta3fis*f FF 

0 WhOLGIaDd HnaBlKwe Ecu 

0 WinctL rnda ran Maraaei Ecu 

• wincn. HMa ion Set D Ecu 

m Wincn. Wg lari Sac F Ecu 

: te®°^fg9Bd ! 

• DtYnnXoInflArtflraBi S 

0 Otyrnplo Natural Rtnuai S 

1(7 OPPENHEIMER • CO. INC Fdl IPnSto Bov) 

1 ArtBraoe internnOonN t 13932 

r EmeraMkts (nfl II s itoio 

t Inti Hartton Fund II S 13*51 


o PrteauBv Fund Lain Am S 

0 Pd-JrawnUN Y 

1 SekWOT Hartnm FF 

0 Vbrkudus Ecu 

ADMINISTERED FUNDS 

TM: 352 4793461 Fa»:3S24729Be 
a Esprit Enr. Partn mv. Td Ecu 

: fimB&b'SbSi. ^ 

d Podnc N!«n FBDS % 

a SeitcOw invest 5A 8 


S lSwa 
Ecu I66A52 
SF 146781 
S 113166 

pf WBX 

Ecu 116*32 


ajnyestraem s 116676 

luSiFCuRwasite sf aiji 

dm m 

6 GBP CaaraQSftr C 101*7 

SAMOnKgaFdlK S WJ7 

1 WamAUM DM DM 1(£7B 

I Money Am SF SF 100J5 


d _ 

d bbl PaUnaetal M Cap LF 27889*0 

d BBL R C Sn-Me*™ ci BF 133385*0 
a BBL & MC Fund CadrerablBS DM 5410*7 
019 AAMUE BELGE ASSET MCMT HIND 
' Slum DUtafirGawmey 4*1481 726614 
0 am Equtly Fund S 1238 

0 Inn Bund Fund A IStJ 

a DaOarZantBd Fd- I I2AB 

-■ ANa Padflc Region Fd S 10.12 

- : I M 

■ 301 BAVOUE EDOUARD CWSTAHT. 

■r pc Dtv Fd MWband SF .ttSJ 

■ &EC Uv Ffl totebec 5F 2—70 

It BEC Sudsstand SF 271*9 

BANOUE FRANCABN OB LG WENT 
rn BFO Slcsv-GUal SlrakBift S 

120 BANDUE INDOSU 

J AAm^?m. , ^|*f.ia. 

r Mae&na FuL Fd Sr. 1Q.E } 10610J 

’ m MntnaFuLFd5er.2a.C | lli-JM 

rn Inoaswr Cun. a A UidB f 129381 

" SSSSE-® 

. iCfgur 

d rndosuez Udfei 

a IndoKjet MuRi _ 

naoMiei ANan pm-pnap a 


TEkED FUNDS 41-1 -422 2626 

■SrS° ,M3 ^ 140*0 

Maxtell SF 247*5 

Podfic SF 205*5 

ERED UDTS 
X. DuBUl 1*53-1-6702070 
Acc DIM )um» 

paAcc DM 10977 

1 Acc DM 165^ 

sAa _ dm m*7 


d US DoBcr Short Tnrm 
a HYEunCmDMdPoy 
a Serbs MuMcumncr 
d Eunpoan Currency 
a Bttglan Franc 
d ComiedBm 
d French Franc 
d Serin Mu in-DMdmi 
a Svrlu Franc Short-Term 
a Canadai DaPsr 
a Dutch Fketn Mura 
d S»ta Franc Dtokt Pay 


i Ocpen CatqNn ml Ltd 
I OptMHl Ian Equliy Ltd 
f Otraai Parapan (rfl Ud 
t Ogetn Vaue Inti LJd 
1S0PT1BE5TKM PARE 


S 13*51 
S 13832 
S 11931 
I 127*1 
5 100.91 


Ecu 2130 

nffls 

S 732 
S 347*47 
t 132*638 
S 5933*0 
LTD __ 

I ^ 

8 12793*8 


S 101*4 
1 141597.14 
S 21525049 
I5S5KAKDINAVEKA ENSDLDA BANKER 


, m°TSiSWyi5 , 1 55 n4n7 “ , s 7151 

rsssTr LSTRAT T 
I ®SsT B I ills 

1 I 

a Erimaean SF 1630 

a AvaaGtmrteFe S 1*18 

j anna Fa 5 10.96 

d Emerolco r.-jjtVeH a A 5 2BM 

s fcs-asr” 09 i ii« 

a Glctm CcnwmrjMffl i 1256 

i gSSlK'SA * \M 

a Gtohre incaneQ B S 10*2 

i e£RSM “S iiS! 

d Enwrg 74Ms FU Inc u B I 1199 

a US Gortranent | 9*1 

a Haven SF iat» 

a DEM LMLia Reserve DM 9*7 

a USS LMem Raserve s 10 (K 

a ANa SaaBer Cos S a 06 

a Korean i ’84 

a Harriett s KUd 

a intemancnol Sand 5 9.96 

a GL Property Secutem S 1171 

191 THE ENVIRONMENT INV T?W 753* 682 686 
n oramaiy 5 5.10 

■ ZDPT L 1*8 

166 THE SAILORS FUND. SfCAV _ 
LUSEAiBOURG. TEL 00351 462246 2S6 

m ml Ftea Income Ecu 1595.98 

0 inn Equity Ecu 1760.90 

6 ItHan Eaulty Ul II 831 DO 

i> ura fwm income Lfl lu—oo 

Rr Balanced PonfoBa l_H 112%jU 

: Snort Term Lit loesiffi 

» C AC Band S 10973 

199 THE WIMBLEDON FUNDS T; 8893928777 
r The lljnotedorl Fund OiSSB S 1134*4 

it Tii* wmMtoon Fund Oats C i 1*92.78 

167 THE6AA INTERNATIONAL FUND FLC 

PUCK C4 30TM-77 

a Thena hpdped J5 EquUei S 115*2 

Til THORNTON INVESTMENT MGMT LTD 
33 Dunn SlLOTdoa EC4R 1 AX *4171 246 JMH 
0 Pactl hi*T Fa 5A C C 1338 

0 Paul ItlVlFa SA DM DM 37 J* 

d Easfem Crusader Fund S 7*< 

d Thot LWI Dragons Fd LM I 49*4 

a Tttomlon Orient incFd Ltd S 30.72 

a TltenOM Tiger FdLM S 5430 

a Managed Stttdfcn s 2538 

• Jakoite ! 125? 

■ Korea i 061 

O Asaan GrmaPi S 15*0 

a Japan Woman Fund S X95 

a As5i mfnwinwTsi S 9*4 

NEW TIGER 5EL FUND 

d HtmnKqnp I 92*3 

d Joprm S 13*7 

a Karan S *24 

d PUtepfeiei s 62*7 

d TtorKio 5 1330 

0 AAotowa S 2*21 

d mdanata S BJO 

1 Sa^ S »S 

d Sftuapore S 27.17 


THORNTOT TAIWAN FUND 


f 89.17 

1 m 


DM 2033.11 

DM I MB. 1 7 

ECU 1B21J8 
FF 1749J5 
SF 185335 
c moi 

SF 109*4 

DM 106*7 

064 nEMT g>MMEIiaALPBFR«CT 

0 Btsaes ManeUa _ FF 1715*83 

d Sam AcPcasn USD B I 1275*1 

nradrOLU 
S 16305 


a gamgwmia 

d GAMGUedD 
d GAM mtemclional A 
d GAM MtnmohoorP D 
a GAM Japan Caphal 
d GAM Norte Artwca 

d 6 aM Podflc Brain A 


a Bonas/Cgnv CHF-manhuting SF 
a MMRCurrDUrfeaflng SF 

d NLGMuMcurr. Dlv _ R 


a JogonOTC van 123*00 

a Ensjani European dm 15*5 

d Eurapeai Bona Find DM 10. IB 

IMNLDlSASS RE/ENTBIPRISE WTL LTD _ 
m O0S6AAOWO) S 1D42J71 


0 oprtgesiGBFrWnaEqSua DM lffi 
in OPTIMA FUND MANAGEMENT . . 

73 Flora StHaraBDaBaatuoa 009 295*658 
w Gneiam Fin Futures LM 5 10*7 

P Opritna Altwnuflt* Seat S 72.15 

V PpnniD EaHmU Fd Ltd % 1*72 

a DpBnia Fund S 2*52 

m Optima Futures Fund S 2X73 

■ OpPiPD Guam Fund * 18*8 

: i n *a 

nr TheMrelner Fd Ltd S 612 

it The PUfinrn Fd LM S 14*8 

132 ORB IS INVEST BteteUdi (661) 296 2089 
0 Ortds Global (15 Mari I 27*6 

• OrbBOpnnue (l»Mn) I 25.16 

• onus Leveraged HS *m»J S 31-61 


F0X*4 171 379 3037/Pnonc44 171 3793103 _ 

: fls^ssr 0 * 0 ' i 

0 Tnm SrraiCT Portf 1 13^11 

« Titan GtoM Hedge I 110*7 

I7D TRANS GLOBAL FUNDS GROUP 

* Tram GMxn Irrrl PK 1 147*1 

. Trans. GUbal Fhwa Inc PK I 11626 

» TrsmOKboi EquHeiPK i 12221 

193 TWEEDY. BROWNE VALVB FUNDS 

It US van* I 96*S 

it bittVtdu* S 3*36 

* Inn VuJDf SF T2J6 

*** 7T1 UEBERSEE BANK Zoitct IFAX 12507 


d OrtNtexGau Discovery Fd 
0 Mtn GnarttiFd 
d OrWraHacteaBEavtFd 
d otbta Jooan Fo _ 
d OrbPn LdngJUwl Fd 
d OraeKr NotUratRei Fd 
131 FACTUAL 


SKANDIFONDS 

d Equtly ATI Acc 
d Equity IM1 inc 
d Equity cwm 
d Equity Nat Resources 
d Equliy Jaam 
d Equity Nude 

j ^fenanM Euppe 

d ISuS North America 


d Wl Herat RenteO w d 
0 gond jnjj Acc 

d Band Eurage Acc 


S B- Fund 
E • Fund 
d J - Fund 
n M- Fund 

d UPZ Euro- Income Fund 


d UBZ wwu) mame Fund Ecu 


5F 144023 
sf loeasa 
SF 31679 
5F 167277 
SF 12*8 


d UBZGoM Fund 
d UBZ Wopoa Comal 
d Asia Growth Convert SFR 
d A5ta Growth Cruitwt USS 
d IIBZ DM -Bond Rad 
d UB2 P- Fund 

S UEZ iris Equity Fund 
UBZ Amerlcon Eq Fund 
a (JB2 1 - Bona Fund 
d UBZ SaiPheral At— Id 
a US Value Growth Fa 
m UBZ DbrenMed StrgtesA 
m UBZDNentfledStrgtesB 


S 102*0 
SF 1084*1 
SF 1112*1 
* 1108*6 


DM 12*70 
DM 161*9 
5F 196*4 
S 130*7 

| ’SS 

5 12674 

8 1185*2 

S IIB6A4 
4GT (UBAAO 



mMt 


112-31 
167 JS 
5 262750 

.5 131*70 

J 12J0J9 
S 137J5Q 


Barney wnourd Sec E 
Bomoy Wrtdvrd Spec E 


AS-Au—ntoQoiwteAS-AratrtanSchllng*; 
BF - Bdghn Ftwxg; CS • Crnwaan DeBan; DM - 
Pmrtg HakK Dtt4vM Xma; Do - U8 

fma^ ^ a?oSh 

If - Lunmteorag Franow P^nce; MW^ 


Stan«ra Dstew SF - Sadat Franca; Sok- 
Swecteh Kronor THE - Thai BNV;T-Ym; 


i -atkid -t- Otter PrieH; ILA. - Not AuAMb: 
H £. ■** ConmtekMd; d> H mT &- 
■uqwnded;SIB-itaiAS{dit;*-E9b0ivktend;''- 
EfrMK-eQOlrPrietfaalZlspnikiLAHBte’ 


aiyi prior to paHcaUoft; z bid piteg. 


Tt »_ ygi nM 8jwhoi8 todtem faegrancy of 

BSSOiSS*- 9 ***- 


NOKIA 

Connecting People 



http:// www.nokia.com 






























































PAGE 20 


^ Heraib'^Sribune 

Sports 


World Roundup 





CipoQini celebrating as he 
crossed the finish line Tuesday. 

GpoIIini Sprints In 

cycling Mario CipoUinz won a 
sprint finish in Arezzo on Tuesday 
for his third stage victory in the first 
four days of the Giro D’ltalia. 

The victory was tinged with con- 
troversy. Gian Mattco Fagnini, 
who is on Cipollini’s Saeco ti-awn, 
was thrown out of the race for what 
officials called "dangerous rid- 
ing’' near the finish of the 156- 
kilometer (97-mile) stage through 
Tuscany from San Marino. 

Fagnini set the pace for Croollini 
as the pack approached the finish. 
As Fagnini swung away in die final 
200 metres to allow Cipollini to 
sprint, officials said he came close 
to forcing two riders into die bar- 
riers. 

Zt was the 19th Giro stage for 
Cipoliini, who is from Tuscany. 
Pavel Tonkov retained the overall 
lead. (Reuters) 

Agasa Withdraws 

tennis Andre Agassi withdrew 
from die French Open on Tuesday 
because of an injured wrist 

Agassi was a finalist in Paris in 
1990 and 1991. But the former 
world No. 1 would not have been 
seeded this year because he is now 
ranked No. 28. 

Agassi will be replaced in die 
draw by a French player, Jerome 
Golmard, in the tournament which 
starts on Monday. (AP) 

Jones Loses Bout Twice 

Olympics Roy Jones Jr. lost a 
decision Tuesday, nine years after 
he lost the fight in the ring. 

The International Olympic Com- 
mittee upheld die fighter’s disputed 
loss at the 1988 Seoul Olympics. 

Jones lost the 156-ponnd 
Olympic final in a 3-2 decision to 
Park Si-Hun of South Korea. 

American officials appealed say- 
ing there was evidence that judges 
were paid to vote for Korean fight- 
ers. 

Francois Canard, the IOC di- 
rector general, said Hiouad Lathi, a 
Moroccan boxing judge, told him 
that be did receive money in Seoul 
but that it came from fee organizers 
for extra expenses. 

“I considered, and still consider 
today, that the Korean should be 
declared the winner,” said 
Laibi. (AP) 

Barcelona Stays in Touch 

soccer Barcelona preserved its 
outside chance of winning the 
Spanish championship thanks to a 
reserve midfielder, Oscar Garda, 
who scored two spectacular goals 
in the 3-1 victory at Celta Vigo on 
Monday. With four matchesleft, 
Barcelona is five points adrift of the 
leader. Real Madrid. (Reuters) 

• Deportivo Coruna signed 
Luizao, a striker from Palmeixas of 
Brazil, Tuesday in a deal thought to 
be worth around 700 million pesetas 
($4.9 million). Luizao joins five 
other Brazilians at Deportivo. De- 
portivo tried to ensure that Luizao 
would stay in La Coruna for the 
length of his contract by stipulating 
that if he transfers the new club must 
pay Deportivo seven billion pesetas 
($48.6 million). (Reuters) 


Gift-Bearing Greeks? 
Rome Cautions IOC 


By Ian Thomsen 

International Herald Tribune 


T HE GREEKS and the Romans are 
battling again. In their latest fight 
they are not warriors but lobby- 
ists. This week each side is in Monte 
Carlo, shaking hands with Olympic 
voters and making promises, with the 
hope of winning rhe election in Septem- 
ber to become host of the 2004 Summer 
Games. 

The last time they squabbled over 
such territory, the presiding Roman em- 
peror, Theodosius the Great, decided, 
perhaps impulsively, to abolish the an- 
cient Olympian Games. That was 16 
centuries ago. 

The arguments today are less black 
and white. 

Last week at the East Asian Games in 
Pusan, South Korea, the Athens com- 
mittee apparently held some sort of of- 
ficial luncheon for the International 
Olympic Committee voters, which ap- 
peared to be outside the rules of this 
election. 

When the four other candidate cities 
— Rome, Stockholm, Cape Town and 
Buenos Aires got wind of it — they 
booked themselves a table nearby, like 
chaperones at a teenagers’ gin party. 

There have since been ttnMts and al- 
legations of official protests that might or 
might not be filed against Athens. 

“The question has been discussed try 
the other four cities in a meeting this 
morning, but Rome has to take the ini- 
tiative if we want to do it, ” Finn Fersson, 
official spokesman of die Stockholm 
2004 bidding committee, said Tuesday 
in a phone interview from Monte 
Carlo. 

“Rome has started die whole thing . 
Of course, our official view is that 
everybody should follow the rules.’ ’ 

“Stockholm is being very smart, to let 
somebody else take the blame for start- 
ing trouble,’* said Luciano Barra, di- 
rector general of the Italian Olympic 
Committee, who was also speaking from 
Monte Carlo. 

“No, we are not going to be the ones 
to organize anything. If there is going to 
be any kind of official declaration, it is 
going to come from all four of the 
candidate cities. This is a general prob- 
lem for the IOC, because if this attitude 
regarding the rules is allowed to go too 
far, it will hun everybody.*’ 

If Athens were accused of being too 
aggressive in its lobbying — of having 
improper luncheons and making too 
many personal visits to IOC voters — 
these allegations would be small pota- 
toes compared to the charges of bribery 
in past Olympic elections. 

The real issue seems to be a personal 
one involving Gianna Angelopoulos- 
D aslcalakL die millionaire attorney who 


is president of the Athens 2004 bid 
committee. 

Angelopoulos is the most charismatic 
figure in the campaign and probably the 
richest She does not have a background 
in sports. She stands out in die male- 
dominated Olympic movement 

Her opponents appear to be concerned 
that her personal magnetism might alio w 
her to bend the' rules, or use them to her 
benefit in ways that are beyond die rest 
of them. This is why they are consid- 
ering a protest before her campaign 
builds up too much momentum. 

Such a protest could backfire. Athens, 
as host of the first modern Olympics in 
1896, is the sentimental choice for 2004. 
.Athens lost the election to host die 
Centennial Olympics of last summer be- 
cause the Greeks did not take the vote 
seriously and did not campaign hard 
enough. Now the accusation would seem 
to be that they are trying too hard. 

“I’m surprised by this talk,” An- 
gelopoulos said from Monte Carlo. She 
said that neither she nor Athens had 
broken any rules. 

‘Tm absolutely sure that we are go- 
ing in a formidable way for our bid and 
also for the Olympic movement We are 
sending an olive branch to everybody, 
and what we are trying to build well is 
strong human relations with every- 
body." 

Rome appears to be the favorite 
largely because it might come closest to 
recreating the spirit of Barcelona’s 1992 
Summer Games, regarded as the finest 
of the modem commercial era. 

Like Barcelona, Rome would be large 
and magnificent enough to accommod- 
ate die demands of sponsors without 
allowing them to overrun the city, as they 
seemed to do last s umm er in A tlanta 

Promisingly for Rome, it would con- 
vert die Via Veneto into a pedestrian 
walkway during the Olympics, with all of 
the Veneto hotels booked for members of 
die Olympic Family. If die voters are at all 
selfish in their selections, this will be a 
difficult invitation for them to ignore. 

The Athenian candidacy is spectac- 
ular in other ways. 

No other city can offer to rekindle the 
Olympic spirit as surely as die Greeks. 

It is for the IOC to balance the im- 
portance of that spirit against the mod- 
em needs of the world's most important 
festival. 

The Greek-Roman sparring might in- 
crease in August, when Athens hosts the 
World Athletics Championships — an 
event overseen by the Roman president 
of the international athletics federation, 
Primo Nebiolo. 

Watching this duel from afar are the 
Swedes, typically neutraL 

If die two ancient favorites wrestle 
each other to the ground, the winner 
could be Stockholm. 



Ytoeeo Yn/Tfac Anoctacd Pm 


Gianloca Viaili of Chelsea trying an overhead kick Tuesday in an exhibition game against South China in Hong 
Kong. Chelsea, which won England's FA Cup tm Saturday, beat South China 3-2, and Viaili scored twice. 

Soccer’s Moguls Chase Ronaldo 


LI 


International Herald Tribune 

ONDON — The magnetic pull of 
soccer is incalculable and irres- 
F istibte. San Siro in Milan will over- 
flow with expectant fans for Wednes- 
day's second leg of tbe UEFA Cup final 
between Intemazionale and Schalke 04. 
Some 200,000 people clamored for seats 
in the Meazza stadium, capacity 75,510. 

Already, 120,000 B razilians have ap- 
plied for tickets for the opening match of 
the 1 998 World Cup even though no one 
yet knows who will oppose Brazil in the 
Stade de France, die new arena near 
Paris that has space for 80,000. 

There is a tenuous link between the 
excitement in Milan and Paris on June 
10, 1998. It is a player Ronaldo. 

Ronaldo is currently the property of 
Barcelona. The speculation that he has 
chosen Inter Milan from 10 clubs chas- 
ing his signature is enough to convince 
the blue and black half of Italy's business 
capital that its fortunes are about to rise. 

If anything, the final means more to 
Schalke, the team from the Ruhr. It also 
enjoys huge popular support, but has 
never won a European trophy. On Wed- 
nesday it will defend to the last man its 1 - 
0 lead from the first leg. 

The frisson at San Siro will come 
from the belief that, at last, In- 
temazionale is ready to eclipse AC Mi- 
lan as the dominant team in the city, a 


World Soccer f Rob Huohbs 


belief powered by die oD money of 
Massimo MorattL, die Inter president, 
and fueled by die stories, day after day. 
that Inter is Ronaldo's next club. 

Moratti is a young president in a hurry . 
He wants to emulate his father, who was 

and Imrope in the 1950s and 1960s. 

The Italian press report that a $70 
million package will lore Ronaldo from 
Barcelona: S4.7 million a year through 
2.005 for the player and a world record 
$32 milli on to buy out Barcelona, where 
Ronaldo has scored a third of die club’s 
95 goals in the Spanish Lame. 

Ronaldo will not be at San Siro on 
Wednesday, but die excitement created 
by die scoring prowess that has netted 
89 goals in 95 matches for PSV Eind- 
hoven and Barcelona will fill the air. 

The movement of agents in die stands 
might be more intriguing than die 
struggles of the players, all of them lesser 
soccer stars to Ronaldo. These agents 
scheme to sell a player who has a per- 
fectly valid contract with Barcelona, it- 
self a leader in the wealth league. 

The attempts by FIFA, the governing 
body of world soccer, to control agents 
stand no chance when all the world’s 
soccer moguls desire the same individu- 


AmEx Gets Into the Game of Selling Tiger Woods 


By Paul Farhi 

Washington Post Service 


W ITH HIS remarkable swing 
and unshakable composure. 
Tiger Woods already is golf’s 
reigning superstar. And after only 10 
months on die professional tour. Woods 
has become something else, too: a rival 
to Michael Jordan as the most salable 
man in America. 

On Monday, die 21-year-old phe- 
nomenon signed tbe thud major en- 
dorsement deal of his budding career, 
agreeing to a five-year contract with 
American Express Co. that will pay him 
about $4 million a year. 

Tbe contract with the financial ser- 
vices company adds to the long-term 
contracts Woods already has wit fa die 
shoe maker Nike ($40 million) and 
Titieist, the golf equipment company 
(an estimated $20 million), along with a 
deal with Warner Books to publish his 
autobiography ($2.2 million) and an 
agreement with Cobra golf products to 
bring out a special line of dobs to com- 
memorate his victory at die Masters in 
April. 


Woods can be good for business. 
Nike says that with its trademark 
"swoosh” emblazoned on virtually 
everything that Woods wears, its golf 
apparel sales are soaring. The company 
is projecting a 60 percent increase in 
sales for its golf division in tbe coming 
year, to $180 million, said Robin Carr- 
Locke, a spokeswoman for die divi- 
sion. 

“It’s more than a coincidence”, 
Carr-Locke said. 

“He’s already the next Michael 
Jordan,” said Bob Dorfman, who pro- 
duces die Marketers Professional Salut- 
ing Report, a newsletter for corporate 
sponsors. “He’s wholesome, he’s youth- 
ful, he's vigorous. He's coming along at 
the right time in the right sport." 

Woods, of course, is more than just a 
talented young golfer. The child of 
middle-class, multiethnic parents, be is 
suddenly dominating a sport long iden- 
tified with wealthy white men. 

His status as a barrier breaker has 
been amplified by Nike, which has aired 
TV commercials featuring golf-playing 
children of various racial groups de- 
claring, “I am Tiger Woods.” 


Woods’s appeal isn't limited to the 
narrow demographic group dial usually 
follows golf. His victory at the Masters 
drew some of the highest UJ5. TV ratings 
this year. Ratings for the Byron Nelson 
Classic tournament Sunday, which 
Woods won by two strokes, were double 
the total for an average tournament 


II 


N SIGNING with American Ex- 
press. Woods said Monday that his 
. multiethnic heritage fit in well with a 
company thar sells its credit cards and 
financial services around the world. He 
described himself “an ethnically global 
person" and said he wants to align 
himself with products marketed inter- 
nationally. 

“We’ve never seen a combination of 
all of his qualities in an athlete ever," 
said Seth Marlins, a senior vice pres- 
ident of ProServ, a sports marketing 
company. 

“Sociologically, be is quite the em- 
bodiment of the American melting pot. 
He transcends the boundaries of his 
game. ’ ’ He added: * ‘Michael Jordan is a 
phenomenon, but he is not what Trger 
Woods is." 


Tom George, a senior vice president 
at Advantage International, an Amer- 
ican marketing firm, said golf is one of 
the few sports, including soccer and 
tennis, in which athletes play around the 
globe and whose superstars are known 
outside their own countries. 

Barring an unexpected decline in 
Woods’s golfing talents, sports mar- 
keting experts say the biggest danger 
may be overexposure. 

“1 have already established a brand 
plan as to who I am.” Woods said at a 
news conference Monday. He said that 
he would be selective about which 
companies he would work with, and that 
he wanted to be “promoted correctly as 
to how I want to be perceived.” 

Woods ’s deal with American Express 
is worth less than his Nike contract 
principally because Woods will commit 
less time to promoting the company. 
American Express, for example, won’t 
have its name emblazoned on Woods's 
clothes, as Nike does. 

Some say Woods’s next score may be 
a fast-food, soft-drink or car company, 
the most lucrative categories for celebrity 
endorsers after athletic-shoe firms. 


aL No matter that Ronaldo, just 21, un- 
derwent serious knee suigexy in his teens; 
no matter that his future was pledged to 
die 1 10.000 Barca fanatics. 

He is dissatisfied, therefore he is for 
sale, and two Brazilian entrepreneurs, 
plus at least one Italian middle man, seek 
a percentage of his transfer. Giovanni 
Branchini keeps telling the press that he g 
has arranged' Ronaldo’s move to Inter* 
Even Signor Branchini !s admission that 
“honesty is not my business" does ndt 
dampen foe San Siro expectation. 

AC Milan is supposed to be another 
club which had Ronaldo on its shopping 
list Sergio Cragnotti, foe banker pres- 
ident ofLazio ofRome, virtually camped 
outside Ronaldo’s door in Catalonia for a 
week, without getting an audience. 

Manchester United, Glasgow Rangers, 
Paris-Saint Germain and Corinthians of 
Sao Paolo are all said to be dangling 
golden carrots foe Brazilian boy's way.. 

What does he want? What does Ron- 
aldo really, really want? ' ' ■ 

The agents say he is less concerned by 
foe millions of pounds, billions of liras, 
trillions of pesetas than tbe ambiance of 
his next home. “Ronaldo will choose 
foe city where he wants to live, and then 
or i the integrity of the management at 
the club,’ ' Branchini said. 

While he ponders, other goal gods are 
in limbo. Gabriel Batistuta, foe Argen- 
tine striker in Florence, waits because he 
would like to play for Inter next season. 

Juninho, foe marvelous B razilian 
mannequin for whom Middlesbrough 
want $25 million, could go to 
Manchester United, Milan, Juventus or 
Atletico Madrid, but again foe maiket 
turns on Ronaldo's choice. 

Two months ago, Ronaldo seemed 
settled in Barcelona. “Barca made me 
great." be said. “All this attention has, ~ 
come because I play for Barcelona. I 
have a choice. It is a matter of lifestyle 
and atmosphere." 

He agreed, then, to stay for life in 
Catalonia. Barcelona dithered, peril aps 
unsure that it should mortgage so much 
on a player better at scoring than most 
but as physically vulnerable as any. 

Barcelona was unhappy that, in eight 
months, Ronaldo has been claimed 
eight times for exhibition matches for 
his country. Nike, which part owns Ron- 
aldo and wholly dictates the schedule of 
Brazil's team, called the tune. 

Now Nike may have to share its cor- 
porate property. Pirelli, the Italian tire 
maker ana Inter’s principal sponsor, is 
said to be ready to pay a substantial 
proportion of his wages. Ronaldo is a 
business, a magnate in his own right. 

Rob Hughes is on the staff of the 
Times of London 


xJ 


- .\l ■ 








Scoreboard 




BASEBALL 


Major League Stamdumb 


WOtors Langston. P-Hcmls (6), wdson'O). 
Hasegawa (7) end Lsyfltz. W— Mora 44L 
L — Langston. 2-3. HRs— Seattta Sorrento CS, 
Buhner (6), Cora C4).CbfTfamta,HoBn» CO. 


CAsrnvnMW 



w 

L 

Pet 

GB 

BaBImare 

28 

13 

A83 

— 

New York 

■ 25 

78 

J B» 

4 

Toronto 

21 

19 

-S25 

6VS 

Detroit 

19 

23 

A52 

9» 

Boston 

16 

24 

400 

1116 


afimuLcmsiON 



Kansas Cffy 

20 

20 

-500 

— 

Cleveland 

20 

20 

-500 

— 

Milwaukee 

19 

20 

AB 

Vi 

Chicago 

18 

22 

450 

2 

Minnesota 

17 

26 

J95 

4VS 


WEST PnTHUOtt 



Texas 

23 

17 

SIS 

— 

Seattle 

24 

19 

J58 

Vi 

Anaheim 

21 

20 

-512 

2M 

Oakland 

17 

27 

J86 

8 

Huioiuliueui 



east rxvtszarv 




W 

L 

Pet 

GB 

Marita 

30 

13 

696 

— 

Florida 

26 

16 

-619 

3» 

Montreal 

24 

17 

.585 

5 

New York 

23 

20 

S35 

r 

PhfladetoMo 

16 

26 

J381 

1316 

CENTRAL atVISiCN 



Houston 

23 

21 

.523 

— 

pmsbwgfi 

21 

21 

J00 

1 

SL Louis 

17 

2S 

AOS 

s 

CWcuflo 

15 

22 

J57 

7 

Ctochutail 

13 

29 

-310 

9 


WEST DIVISION 



Son Francisco 24 

17 

S6S 

— 

Los Angeles 

23 

18 

SSI 

1 

Colorado 

23 

19 

-548 

1V4 

Son Diego 

16 

25 

.390 

8 

MONDAY'S INK SCOCCS 


AMERICAN LEAGUE 



Seattle 

an 813 066—13 17 • 


NATIONAL LEAGUE 


SnDhgo 


101 342 082—13 16 2 
110 002 030—6 12 0 
Ashby, Cumene CO. Smith to, Baddler (8k 
Hoflnen (9) and Flaherty, I tamunl ez (9V 
Sdnurek. Suttfm (51* Remingv iSh 
Carrasco to, Shaw to, Brantley to. BeBnda 
to and Touhensee, Fordyoe to. W— Cun- 
rune, 2-1. L—H wanton. 2-4. HRs— 5. Dtogft 
ShurapeftO].FMer3C4)-Onc. Hetnandezfl). 
LcsAogete* MS MB 09T — I 7 1 

Maetrert 000 011 OOc-2 7 1 

Martinez, Osuno (7) and Piazza; Judea 
UiMra to aid Whtger. W — Judea 4-0. 
L— Martinez, 3-3. Sv-UiUna to. HR— Las 
Angele&2efle<£>. 

Criamto aao 000 120—3 3 0 

Naur York oaa aaz oca— 4 li l 

Burke, Dtpoto to. Holmes £71. McCuny (91 
aid J. Reed; Reynoso, McMktM (8), Udto 
to end Himdfey. W— LUG 2-a l— M cCuny, 
1-1. HR9— Caioradch J. Reed (3). New York. 
Werudto. 

San Francisco 000 100 210-4 12 4 

CMeaga 123 304 2tte — IS IS 0 

Fernandez. Araetw M3, Poole to. 
Rodriguez (8). and Wffldn* TrachseL Onion 
(01, Betas to and Setvafe. Hubbard to. 
W-Tiwtuet L— Fernandez. 3-4. 

HR— Chieaga Serrate G). 

KaastM 032 004 100-0 11 0 

PbHoddpbta 000 001 031-5 10 1 

KBe, Hudefc CSJ. B. Wognor TO oral 
Ausnus; Madura Blaster to, FLHmrls to, 
Ptantentoog toand Uetarihal. HRW 
b— Madura 3-5. HRs— Houriarv Biflgio to. 
Bagwell 2 04, Berry C3). PWtadeipWft 
Bro*w2 «9,K.Jarttan 01- 

St Louis 000 101 010-3 li 2 


Alfalfa 


» 0 


layer, McCarthy (7), 8- Weds « ad Da. 


Ster8eojy7» Printer [7), T. J-Mcrtiews C7), 
Baggio to and DHefice? Maiste BMecM (A 
Endme to. 

W-Neogte 7-0. L— Stunrwiiyie, w. 


HRs— St. Louis. Lonktart to- Atlanta, 
ChJones C5). 

AMERICAN LEAGUE LEADERS 

C AB R H Avg. 
FThomasOtW 40 143 31 53 J71 

JusOceCJe 38 133 26 49 568 

Roberts KC 36 127 17 46 .362 

GAnderson Ano 40 163 22 58 356 

BeWMsms NYY 43 174 40 62 3S6 

I Rodriguez Te* 38 160 24 57 -3S6 

SwtKJffBal 33 121 19 43 .355 

JuFrancoOe 36 130 22 46 JS4 

Cera Sea 40 142 32 49 JUS 

T Martinez NYY 43 177 3S 60 -339 

SAtomarOe 31 UJ 20 39 J39 

RUNS— BeWTBnms. Now York. 405 A. 
Rodriguez, Seattle. 397 Griffey Jc Seattle, 37; 
TaOart, Detroit, 35, T. Marina New York. 
35; Jeter, New York, 33i KBoUaucts 
Minnes o ta 23. 

RBI— Griffey Jo Seattle, 535 T. Martinez, 
New DM, 51; ToQarit, Detroit, 46; Ma. 
WXBeats. Oewtamt, 34 C Rip tea 
Batttraore, 34 8. eWIBams. New Ytart, 3* 
JusJkfc dwetort* 33; X B*a Kansas City, 
33:01 HeH New Ybrir. 33. 

HITS— BeWWoms. New Yoris, Sb A. 
Rodriguez. Seattle, «ft T. Martinez, New 
York, 60? G. Anderson, Anabetav 58; L 
Rodriguez. Texas, 57; Griffey Jr. Seattle. 57; 
F. Thomas, Chicago- 53. 

DOUBLES— Sprague. Taranto 1% Q- 
■Neffl. New Yotfc IS SptaJo Oakland. 14: 
Lcwior, Minnesota, 14; A. RorM^n Seattle 
14 B. ewworas. New YQric 14 GSa 
Milwaukee. 13. 

TRIPLES— GmctopGrra. Boston. 3? JOer, 
New Yart, i Knotdaueh, Minnesota % 
Offennm. Kansas GI*3 V&queL Ocrefond, 
3; AScea Anatuta, £ ByAndenaa 
Bdftnon * Surtwft Btotewre. 3. 

HOME BUNS— Griffey Jr. Seailto l9i T. 
MarDnez, New Y«X,17; T.oCWtfcDem* IS 
McGwbe Oakland 14- Ma. WHBam* 
Cleveland, IS Judee. OeaKoi. 12 6 me 
fled w*ti9. 

STOLEN BASES— KnoWoucfc 

Minnesota, 197 B. LHuntw. Defied IS Nton, 


Toronto. 18r T. Gaodwfn. Kansas CBy. 15; 
Easley, Detroit, lfc vtxquei. Cleveland. 12 
Durban. ChkagaTl; Buford, Texas. 11. 

PITCHING (6 D*CWoos>— Win, Texas, tr 
ft lXm 2.22. Key, BaJSnwra W, J-OOa lJOi 
Owner** Toronto, 7-a 1.00ft l stc Eriduwv 
Baithnom 7-1, XIS, 265c Dkfcsaa Ancdieim. 
6-1, J057. 3.12 Periltte, New York. 6-1, £57, 
257; Mussina, Bafilmore, 5-1. .833, 011 
RtUahnson. Seattle. S-l. Aft 3.15. 

STRIKEOUTS— Cone, New York, 7S 
RaJohnsan, Seattle. 71; Appier, Kansas City. 
57; Oemens. Toronto, 57; Alvarez, CMcaga 55; 
Nagy, Oevacnd, 51; Hentgen. Toronto 49. 

SAVES — m. Rivera, New YOrtt, 14- 
RaMyera Baltimore, 1ft Wefiekutd Terns, 
1ft- aiortton. Seattle, T(k R. Hernandez, 
Chknga 9; DaJones, MOwaukee, 9; Taylor. 
OaklatidSi 

NATIONAL LEAGUE LEADERS 

G AB R H Avg. 
LWOPWrOa 41 156 42 64 .410 

Slauser All 43 13S 27 52 J85 

GwynnSD 41 163 21 60 J68 

Loflon Afl 43 107 37 66 J64 

Tucker Alt 39 147 36 5? _3S4 

ECYaung Cd 42 168 32 59 J51 

Olerud NYM 42 157 30 55 JSO 

MaOraeeCbC 33 .121 23 42 -347 

H Rodriguez Mon 40 154 27 53 .344 

Galarraga Coi 38 147 34 49 .333 

RUNS — L WOfker. Catarada 42 Lotion. 
Atlanta. 37; Galarraga CoJorada 34- 
EcYoung. Cotornda 32 Btggto Housuxi, 32 
OlenML New Yort. 30: Lanstag, Montreal 29; 
McRae. CMcoga 22 Afta Florida 29. 

RSf — L Waftsr, COtorada 4ft Bagweft 
Houston, 41; Atou. Florida 39, Gakirraga 
Cotorada 39s Kant San Frandsca 37: 
BKhetta Cotorada 3i HuncSey, New Yart. 
34tSodft Qdcoaa 34. 

HITS — Loflm, Afianta 6ft f_ wafter, 
Cotorada 64* Gwynn. San Dlega 6ft 
ECYoung, Cotorada 59: D. Sqndera 
CMnnafl. 57; Oteruft Not Vert, 55,- 
Gnx&ietonefc, Montreal 54 
DOUBLES— R Rodriguez, Montreal 17; 
GnxbJetorw*. MdMrM, 14 - Bragna 
P M odetphla 1ft Oayion. SI. Louto 1&- 


Bortfla Florida t& EcYoung, Colaroda 14' 
Lansing, Montreift 13; Kent San Fronasca 
1 3: L Walker, Cotorada 13. 

TRIPLES— W. Guarrera Los Angeles, ft 
D. Sondws, andnntrll i WomacK 
Pittsburgh, « Me Roe, Chlcaga 4 DeShlelds. 
St Louta 4 Tucker, Atlanta ft Klesko. 
Attorns, ft Atou, Florida ft Blauser, Atlanta 
ft Bands, San Fi o nds c a 3. 

HOME RUNS— Cogwefl. Houston, 14 - L. 
Waifcer, Cotorada I* Castilla Cotorada 11; 
Hundley, New York. 1ft J. Lopez, Atlanta 9; 
H. Rodriguez, Montreal 9; Kent San 
Frandsca ft Sosa OVcoga ft Getonaga 
Cotannta 9. 

STOLEN BASES — D. Sanders. Ondrrnatl 
25,- wanock, Pittsburgh. 14: Lofton. Atlanta 
14 - LCastUa Raida 12; Ctoytoa SL Louto 
12 Gnntdetonek, Montreal 10c ECYoung, 
Cotorada Ift ManunSnL PhflodelpMa lft L. 
Vftdker. Cotorada 10. 

PITCHING (6 Decbkm}— P. JMari&iez, 
Maltreat 7-ft IJIOa. 1 3ft Neagto Aitreaa 7- 
a MXn 3Mi Gardner. San Francisco. 5-1, 
JB33. SOtt B. JJanea New York. 7-2 77B 
24ft Estes, San Frandsca. 5-2 -714 X2B,- 
Noma Las Angdes. 5-2 .714 28ft Gtovtna 
Atlanta 5-2 Z1420& 

STRIKEOUTS— ScMOTg, Ptdtodelpnla 
7ft Noma US Angetes. 6ft A. IBenes. SL 
tnutk 6ft Reynolds. Houston 61; KJ Brown. 
Florida. 61; Scnaitz. Altonta 5ft PJMortViez. 
Montreal 56. 

SAVES— Bncx. San Frandsca 14 
TOWorreh Las Angeles, 12 j. □ Franca New 
York, 12 Nea Ftortto. It; Battafka. 
Phltadetphta, lft B. Wagner, Houston, ft 

WbMen. Aflanta 9. 

Japanese Leagues 


Yakufi 

Hiroshima 

Yakohottn 

Qwntohl 

HunsWn 

YOmhlfl 


nunff'simius 


W L T Pel 6B 

22 15 - -595 — 

17 16 — .515 3J> 

17 16 — -515 3J 

W 19 — ^486 44fl 

17 18 — .485 746 

14 71 — JMO 7.0 


Hiroshima 7, Yakut! 5 
Hanshbt Z Chunkfil 1 
Yokohama 1 YomlwQ 





PAOHC1 

U8N 




IN 

L 

T 

Pet 

GB 

Seibu 

21 

14 

■ — 

600 



Dale) 

20 

16 

— 

556 

15 

Orfii 

16 

15 

_ 

516 

40 

Nippon Horn 

16 

19 

— 

-457 

SJJ 

Lotto 

15 

18 

1 

.455 

io 

Klntetou 

14 

20 

\ 

412 

45 

IWSMY’B RBSOtTI 


Date) 4 Sofixi 5 






Oris 4 Nippon Ham 2 





LHto4Ktotetw3 







BASKETBALL 


NBA Playoffs 


f BES T-OF- SEVEN) 

Monday's nsnn 
Hsustso 23 17 25 21— Si 

Utok 20 29 3D 22—101 

H:oiafirwan 9-1412-173(1 Droder 5-13 CMS 
1ft U: Malone 4-16 9-11 21, Hamacek 6-126- 
7 19. Rebounds— Houston 49' (Otatwran 13 J. 
uran 56 (Matone 131. Assists— Houston 17 
(Otatowon 5). Utoh 24 (Stoddan 13). 

(Irtob leads series l-O) 



EASTERN CONFERBKinNAL 

(BEST-OF-SEVEM) 

Cohro ao a i o — i 

Dafreit I e 1—2 

tint Nibs D-lMnliFcdgim] Second 
Period: C-Satdc 6 i Oral Irish, Young] tap). 
I ttnl Perted: D-Kaztov 7 (Fedorov, Brawn) 
SMto on goat C- 13-8-7-28. D- 7-8-13-28. 
CoWKC-Roy.O-Vfenon. 

(Dofratf bads series 2 - 1 ) 


CYCLING 


Giro d’Italia 


Loertng ptoc lngs in the 1S6 lane tounh 
etogn « the Giro dltoUa from Sen Ifarinoto 
Annmoa Tuoedey; 

1. Mario dpoOnt Italy, Saeco 3 hours 57 
mtouies 58 seconds; 2. Endrto Leoni, Italy. 
AKt 1 Angel Eda Spda Ketmc 4. Glenn 

Magtwssoa Swedea Amore & Vita; 5. Fataio 

Bakfato. Italy. Mogflfldo MG; 6. Mliko 
Raasata Italy, Scrigna 7. Gabriele Missogfla 
Italy. Mapeb 8. Maria Traversard, Italy, Mer- 
catane Una; 9. Marcel Wust, Germany. Fes- 
Hna 10. Mariano Plccoft Itaty. BrescWat all 
some it me as winner. 

OVemuj 1. PovsJ Tonkov, Russia. 
M0 Del 12 bouts 18 m ferules 3 seconds: 2 
Yevgeny Berzin. Russkk Bcflk 1 second be- 
hfenfc 1 Roberto Pettto Holy, Saeco 12 s«- 
ands; 4 Luc Lebtane, France. Pert 37; 5.1>taTr 
Ugnmron Russia. Rastoflo SI A Ivan Gam 
Itoty. Saeco 55. 7. Andrea Noe*. Holy. AsJcs 1 
minute. 13; 8. Enrico Zaira, Italy, AScs 1:16; 

ftGfeWppeGuertnLlBriy.PomsometlmislO. 

Juan Carlos Dominguez. Spain, Kalme 122. 


11 . Port Slankow5kI5a334ft 12. Dtwid Duval 

47ttX»ft 13. Tom Watson 415800; 14 Fred 
Couples 39BJMft 15. Jim Furyk 377 .500 
EUROPE 

I. Colin Mfttfgamerle, Scafland 351068.99 

2 Bernhard Longer, Germany 3294)9020 J-' 
1 P Er-^klk JrtwnBSon, Sweden 30494520 
4 Costanflno Roca Italy 28Z86727. 

5. Miguel Angel Martin. Spain 279,84840 

6. nramas Bjom. Denmark 26414100 

7. Ian Woosnara Wales 2&3L426JM 

B. Darren CJarte, N. Ireland 255,92824 
ft Lee Westwood, England 229,803.99 
10. Paul Braortnirat. England 204J8423 

I I . Jose Ataria Oksmfial Spafti 18463828 

12. Sam Tammce. Scotland 181.97424 

13. Peter MttOHll England 17ftS85J3 
14 Jean Van deVefele, Fiance 175,92622 
15. Podndg Harrington, Ireland 16ft47D20 


"wbhhwbivmoii 

Cetto Vigo 1 Barcefema 3 
« TMto— i Real Madrid 86 pdnts 
Barcelona 81; Dep. Coruna 74 Real Beds 71 
AIL Madrid 67; Vofladolbl 5 ft Athletic BUboa 
„ ?? S«iedod 54 Valencia 53: Tenerife 
si; R oang S antand er 47; Zoiagaea 4ft E* 
P°”rrt 4ft oampastaia 44 Celta Vigo 43- 



MmuHi muicn mm cop 

Starting* lor Ryder Cup to be ptoywl 
Sejri. 28-28 M Vrtdanain in Setopeidg. 
Spain. Top 10 flnhhoro qualify lor 12-man 
temp* ond UA captain TtomKItoandEu- 
rapen captain Seva BeiiestEroa each have 
ten wflcscord cftotooK 

UHTTEO STATES 

1. Hger Woods 960JJ00 palms 2. Tom 

Lehman B5639ftl Mark O'Meara 801 25QE4 
^ ScoH Hoa, 
64S280,- A. Brad Rmn642J0ft 7. Davis Love 
III 63400ft 0. Sieve Jones 57928ft 9. Mark 
Brooks 54925ft 1ft Tammy Tones 54928ft 


, , vauMam 

I. M artina Htogfa (Swttzertond) 4646 
P«Tih;2si e fnGraflGennanyJ390fc3.Mon- 
ta Seles (U2.)356ft4 Jana Novotna (Czedi 
^toWlc) 348ft 5. Lindsay Davenport 
»ll; 6. Arantxa Sanchez VJcbId (Spool 
2774- 7. CanchRo Martina (Spain) 267» »■ 
Ante Huber (Germgny) 2604 9 . Ivb Mato* 
icroo no) 243ft ig. Mary Pierce (Roncri 
11- Amanda Goetzer (Soutti A«»l 
a»* lft, Mary Joe Fenmmtez {ILSJ 2UW J1 
ifna Splrtea (Romania) IBOSi 14 Brtrtto 
»wlfz-McOBthy (Nethertonds) 16681 IS- 
wmrto Hobsudovn ntewkloj 1554 









^tr^Xy 
- .■«* 






to Pped 

to Home 

;SSSa 


INTERNATION AL HERALD TRIBUNE, WEDNESDAY, MAY 21, 1997 

SPORTS 


PAGE 21 






. ""Hie 

road'S^"'. .he 

-.ons _ . ™ 

-la^e PaJe«i„; 

4?'- I aie - S about t^ ** 

/ * lr -Vafafs !?^ 
n Lsraei. S a PProach 

v . :cmocr acv "e,n„ 

SW a . elder siatesma^T 
biggest 

^•“ThisisaJ^ 
0! ln ^rmaiion ift 10 ® 
!™n» kno.^ht 
aaaci.** ge -andl 

r 'umed out. 0r 

is-pa? 

ewSg 

1 on. • e ®f 

^bamenr met aeam 

^ "*> «4t 

Vi. Re i ect »L.S.Snn(j 

; »u a L.s governor 

-nu^tna a quanTj 
••'j...ementMnthew e o 

' - are vacant. 

■••• -eporu j. 

- ,• l “? :ci : rn - Mr - no» 

•:• A! - ‘--::nue to expand 

' '• ■J- A;rjK7 S adt)3e ja r. 

’ ■’ r •■?■ ■ ‘'fririals during 
’•’■ !? L ’ r Rosy J 

.; •’■ '!• . :er»ui Uraeli a . 

buildiiutn 

: “ -;:ouxh. 

X • - s --- '-^aythaihe 
fr ar. o:d-r of mag. 

•a Earlier he hit, 

£' ' -----f:-' that we won't 
: -r i" ’•itilemenK" 

>f Bethlehem 
fter 25 Years 


*»: — .* razncrotBA 
■•: \ ri':gr.:?.2 after 3 

*.> s^x»;:d more erne au4 
h:snwn;on.flf 

j-rl-."Nlr . Fnrijsaiit 

•.•--* . !: tv time Iti; 

-> r-^Richiidno.'* 

y-iJ. ~ii pV'S: as US 
P.!.cs:;r:l“ 4 Authority. 

•• :^:rS. are ex- 

. ^ . l !£ Yasstr 

r.^-.vU - K?i2»maBHI 

“v.rci'x Christian. Mr- 
a orid limelights* 
J.; Chrsrr.i* Exe pam 
-jn Naavttyin 
i h_. rrei-.jed over 4e 
iiB -ip, under W' 
v. -r -.iin. his raod- 
' “V... r -or/'ic! «* 

7 V . ' . Orsaffl- 

-a ini bn® i 


Red Wings 

Skate Ahead 
iOf Avalanche 




Rested Jazz Crush Tired Rockets 

Malone Wins the Battle of the MVPs in Game One 


By Viv Bernstein 

, touhmgion Post Service 


-I DETROIT — The Colorado Ava- 
lanche and Detroit Red Wings have the 
.meanest rivalry in the NHL. f ui * e two 
** WesI haven’t shed Zy 
• ^ 92^ m then - conference finals. " 

red T **“ ice is swarm 
’SI ^ d '5f m S, s w £° pushing the de- 
, pending Stanley Cup champions toward 

I SSf m y , 2P- Vyacheslav Kozlov. 0 n^ 

. fifth of Detrott s Russian contingent, 

: NHIPL AYOfn 

: scored twice as the Red Wings beat 
, Colorado. 2-1, Monday to take a two- 
; games-to-one lead in this best-of-seven 
, senes. 

■ Colorado played its best game of this 
. senes, but it wasn’t enough. Joe Sakic 
. scored the lone goal to take the overall 
Ajead in playoff scoring with 22 points in 
,t! 4 games. But Peter Forsberg was held 
| without a point for the second time in 
, three games and has but one assist in the 

■ senes. Patrick Roy, the famed playoff 
; goalie, has proved vulnerable. 

- Roy was outplayed by Mike Vernon. 
'-Vernon made 27 saves, including some 
-he probably shouldn’t have made. 
Couldn't have made. But did. 

Kozlov beat Roy for the winning goal 
at 8 minutes 20 seconds of the third 
period on a high shot from the left circle. 
The puck bounced in and out on the 
short side so fast that the goal wasn’t 
immediately credited. A quick video 
review showed it hit the bade support 
' Kozlov also scored at 1:12 into the 
first period on a backhander that beat 
Roy high to the stick side. It was yet 
another sign the Avalanche couldn’t 
knock the Russians off their game in the 
. playoffs. Another Russian. Sergei Fe- 
dorov. assisted on both goals. The Red 
Wings still need to beat the Avalanche 
twice more to advance to the Stanley 
Cup finals for the second time in three 
years. 

“We played a lot better tonight,” 

£ said Marc Crawford, the Colorado 
coach. “But we need to get everybody 
going, and tonight we had probably 
three-quarters of the guys going at the 
level that we have to. We need die other 
.quarter of the guys going, and when we 
get that, that's what it’s going to take to 
-solve the Red Wings.” 

. Colorado is beat up and worn down 
-from the first two rounds of the playoffs. 
The Avalanche freely acknowledged it 
wasn’t in championship form in die first 
jwo games of these conference finals. 
Indeed. Colorado was lucky to be tied 
headed into Game 3. But after another < 
poor start and a 1-0 deficit Monday, 

■ Colorado finally found its game. i 

. The Avalanche dominated late in the ] 
first and finally beat Vernon in the 
second, tying die game at 1 on S aide’s i 
. goal at 14:47. i 

-, Vernon made a half-dozen seemingly i 
impossible saves before the Avalanche 
scored on a power play. 

, With Red Wings forward Joe Kocur 1 

- in the penalty box for unsportsmanlike 
conduct, Sakic took die puck high in the i 
.slot and fired a low shot that was 
blocked by Red Wings captain Steve < 

- Yzerman. The puck went back to Sakic, j 
-.who skated to Ids right and wristed a 
rising shot inside the left post. It was the ’ 
only power-play goal in five chances for 
.the Avalanche, who went into the game s 

- tops in the playoffs in power-play sue- i 

,-cess. 1 


73 


f%L2 




'■■rm 


. V /■ 


Dong Puac/Tte AuoruKi) Prcvt 

John Stockton of the Jazz wrapping up the Rockets’ Matt Maloney. 


By Tom Friend 

j Vw York Tunes Service 

SALT LAKE CITY — Houston was 
playing on- 48 hours* rest, Utah was 
playing on 168 hours’ rest and in a battle 
of most valuable players, past and 
present, Karl Malone's Utah Jazz made 
the uncommon plays — including a 40- 
footer at the buzzer — and coasted to a 
101-86 victory in Game 1 of the West- 
ern Conference finals. 

When Charles Barkley, now with 
Houston, was named Most Valuable 
Player in 1993. he almost dropped the 
trophy. 

When Hakeem Ol&juwon of die 
Rockets won a year later, he almost 
cried. On Monday night. Malone almost 
broke his finger, but that was it for bad 
news. Malone (21 points, 13 rebounds) 
fell on his hand after a second-quarter 
hip-check, but was diagnosed wim only 
a floor bum. 

In the end, it was Barkley doing the 
slow bum after he managed just 12 
points on 3 -of- 10 shooting, his ream- 
mates turned someone named Greg 
Foster into a scorer and his point guard 
turned into Bill Buckner, tire infamous 
Red Sox first baseman. 

’‘The only positive thing about this 
game was that it was over.” Barkley 
said. 

Houston needed seven games to flick 
Seattle's Gary Payton off its pants legs. 


nor finishing the job until Saturday. The 
Rockets awoke in Salt Lake City on 
Monday morning and had a game plan 
to digest at the last minute. Some of their 
veterans, like Eddie Johnson, thought 
Utah was “ripe’’ to be beaten, but 
sometimes rust isn’t what it is cracked 
up to be. 

The Jazz had had a week off, after 
sending Shaquille O’Neal back to his 
Los Angeles recording studio, but who 

knew that John Stockton was rehearsing 
his half-court shot? This game was still 
taut in the final 10 seconds of the first 
half, until Barkley shot five seconds too 
soon, leaving Stockton with a 40-foot- 
er. 

It banked in, and Utah’s halftime lead 
was a sudden 49-40. “Luck,” Stockton 
said. 

The Rockets lamented that it altered 
the game, but no more than Foster did. 
Hie reserve center replaced the stiff 
starter Greg Osrertag .in the second 
quarter and scored 9 points while 
Malone was kicking back on the 
bench. 

Houston had led by 24-20, but it was 
35-26 in favor of Utah after Foster's 
shot-put 3-pointer, and Barkley was 
fuming. 

“I was mad at my guys.” he said. 
“When they take Malone or Stockton 


Finley’s 3 Homers Power Padres Over Reds 


The Asscckued Press 

Steve Finley hit three home runs to power the San 
Diego Padres to a 13-6 victory over the Reds in 

finrinnaH. 

Finley, reinstated from the disabled list May 6, has 
hit four homers in four days. He became the first San 
Diego player to hit three in a game since Nate Colbert 
in 1972. 

Cincinnati has the worst record in the major leagues 
at 13-29. the club’s worst start in 47 years. 

“In my optimistic mind, we’re capable of putting 

together a nice ran of good baseball, even though 
today’s game makes you puke," said Ray Knight, the 
Reds’ manager. 

Cincinnati hit into a triple play in the first. Curtis 
Goodwin took off from second base, and Bany Larkin 
left first as Eddie Taubensee lined hack to the mound. 
Andy Ashby caught die ball and threw to shortstop 
Chris Gomez, who stepped on second and threw to first 
to complete San Diego’s first triple play since April 9. 
1989. 

“The triple play really killed us,” Knight said. “I 
didn’t give Goodwin the hold sign. My fault” 

Bima 7, CardfauUs 3 Chipper Jones drove in four 
runs with a homer and a double as the Braves com- 
pleted a four-game sweep in Atlanta. 

Michael Tucker went 3-for-4 with a single, double 
and triple, scored three runs, drove in another and 
made a diving catch to stave off a potential St. Louis 
rally. 

Atlanta, which has won seven of nine, improved to 
30-13, the best start in franchise history. Tbe Cardinals 
have lost eight of nine. 

Denny Neagle (7-0) gave up two tubs and five hits 
in six innings. 

Astros 9, pniimss Jeff Bagwell homered twice to tie 
Colorado’s Larry Walker for the National League lead 
at 14 and got his 1,000th career Ml 

Bagwell homered to lead off a four-run sixth that put 
visiting Houston ahead, 4-0. 

Darryl Kile (4-2) allowed one run and six hits in 
seven innings, strode out eight and walked two, lower- 
ing his eamed-run average to 2.06. Rico Brogna 
homered twice and drove in four runs for the Phillies. 


- Cubs i s, aiants 4 Scott Servais drove in five runs for 
Chicago to match his career high, set at Colorado on 
April 8. 1996. Visiting San Francisco made four errors 
that led to four unearned runs. 

lists 4 , Rockies 3 John Olerud lined a two-run 
bomer in the bottom of the ninth to win the game for 
New York. The Rockies broke up Armando Reynoso’s 
no-hit bid on Jeff Reed’s two-out homer in the seventh. 
Andres Galarraga hit a two-run single in the eighth for 
a 3-2 lead. 

Expos 2 , Dodgers 1 Jeff Juden (4-0) won his ninth 
consecutive decision since April 9. 1996, leading 
Montreal to its seventh victory in nine games. 

Juden took a shutout into tbe ninth in Montreal’s 
Olympic Stadium before allowing Todd Zeile’s 
leadoff homer. 

In the only American League game Monday : 

Mariners 13, Angels 4 After losing four straight at 
home, Seattle hit the road to California and promptly 
broke out by routing Anaheim. 

The victory ran the Mariners’ road record to 14-7. 
At the Kingdome, they are 10-12. 


Seattle had 17 hits, including three home runs, and 
steady pitching against the Angels, who had won 
seven straight. 

Joey Cora led die way, stretching his hitting streak to 
15 games by going 4-ror-4. including a bomer and a 
two-run double. 

Cora’s second-inning double tied it. 3-3, and his 
homer in the fifth put the Mariners ahead, 4-3. Cora, 
who also scored twice, is 29-for-61 during his hitting 
streak, raising his average to 345, from 247. 

Seattle’s starter, Jamie Moyer, almost unbeatable 
since last July, settled down after giving up a three-run 
homer to Dave Hollins in the first inning. 

Moyer (4-0) went six innings, giving up four runs on 
seven hits before leaving with a 7-3 lead He won for 
the 13th time in 15 decisions, dating from the AU-Star 
break last year. 

Anaheim’s starter, Mari: Langston, was tagged for 
seven runs and six hits in 5 % innin gs. 

“Our team came out and scored some runs, but 1 
wasn’t able to hold the lead and 1 put our team in abig 
hole,” Langston said 



••r-: 


'iilicwft 'DENNIS THE MENACE PEANUTS 


Run fcamr^/Tbt .XnocWcd Prm 

The Phillies’ Mickey Morandini sliding for a double as the Astros’ Craig Biggio made a late tag. 


CALVIN AND HOBBES 


out of the game, we’ve got to build a 
lead or keep it.” 

Malone, meanwhile, had had a pe- 
culiar evening. Commissioner David 
Stem arrived here on Monday to present 
Malone with his MVP trophy. Malone 
was asked to deliver a pregame speech 
to the crowd, but declined because he 
wants the focus to be on winning his first 
tide. 

“They wanted me to say something, 
and I said absolutely not,” Malone said 
“I've got basketball to play now. I don’t 
want the fans to think I was snubbing 
them." 

But he talked to Hakeem Olajuwon. 
On one particularly hard Olajuwon foul, 
Malone jawed back at him — * * We were 
talking about the problem in Zaire,” he 
said later with a wink — but there are no 
known rifts between the former 
Olympic teammates. Barkley, however, 
wishes Malone would not flop so 
much. 

"He’s the expert," Barkley said 
“Here’s this 300-pound guy with no 
body fat, and you barely touch him, and 
he’s down.” 

In fact, this series might boil down to 
which superstars get the referees' calls. 
On Monday night. Olajuwon (30 points) 
got a few and Stockton (16 points, 13 
assists. 6 rebounds) got a few. hut Hous- 
ton’s Mario Elie ana Matt Maloney — 
never named to anyone's Dream Tram 
— got zero. 

It was Maloney, the rookie guard 
who let an inbounds pass roll through 
his legs in a critical spot during the third 
quarter. The ground ball ended up in the 
hands of Jeff Hornacek (19 points), who 
knew whax to do. His 3 -point bomb 
increased the Utah lead to 68-54, and 
Houston's next turnover (Malone’s 
again) ended up back in his hands. Hor- 
nacek made a beeline for the basket, and 
was fouled sternly by Elie. 

Elie patted Maloney, said ‘ ‘Crane on 
baby,” and referee Bob Delaney 
thought the comment was for him and 
whistled a technical foul. Three free 
throws later, the Utah lead reached 17 
points. 

It would have helped if Houston's 
guards had scored: Elie and Maloney 
were a combined 5 for 19. And Barkley 
stooped to their level, too. 

“W,e’ve just got to write this off as a 
bad night,” he said “We did not play 
well, and 1 was the leader of the pack. 

“I want us to win like men or lose like 
men. We’re not going to complain, 
about the officiating or get up on a 
soapbox. We just played bad” 

■ Cars to Use First-Round Pick 

The Cleveland Cavaliers on Monday 
decided to use the Phoenix Suns’ first- 
round draft pick this year, acquired as 
part of a trade prior to die 1995-96 
season. The Associated Press reported 
from Cleveland Cleveland gained’ the 
first-round choice, to be used either this 
year or in 1998, in the deal that sent Dan 
Majerie to Cleveland for John Willi- 
ams. 

■ NBA Says No to North Korean 

The NBA has told its 29 teams they 
cannot sign a 7-foot-9 North Korean 
who now lives in Canada, The Asso- 
ciated Press reported A league memo 
was sent after Ri Myong Hun arrived in 
Canada last Wednesday. Tbe NBA will 
not allow any team to sign him unless 
die U.S. State Department gives per- 
mission. 

Signing Ri might violate the Trading 
With the Enemy Act, which prohibits 
business dealings between tbe U.S. and 
North Korea. 


1 


I 














INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MAY 21, 1997 


PAGE 22 


OBSERVER 


Pumping Nostalgia 


By RusseU Baker 

N ew york — it's 

pumping gasoline chat 
brings out the Miniver 
Cheevy in me. Cheevy. bom 
too late to walk in Thebes and 
Camelot or know the medi- 
eval grace of iron clothing, 
yearned for an antiquity ri- 
diculously remote. I yearn too 
for the past, though not for a 
past so remote as Cheevy ’s. 

For me the golden a°e was 
a time when you pullea up to 
the gas pump. said. ‘'Fill ’er 
up. and check the oil and 
tires." and somebody did. 

That somebody was not 
you in your best suit. It was a 
cheerful, competent-looking 
man named Pete. Bill. Harry 
or Frank, and he wore sensible 
grease-stained work clothes. 

□ 

What happened to Pete, Bill. 
Harry and Frank? The same 
thing that happened to Mabel, 
Marie, Gladys and Harriet. 
They were the people who 
answered when you picked up 
the telephone. “Number, 
please." they said, and you 
said. “Operator, I want to call 
long-distance collect" 

Now you have to punch 25 
numbers, so you can be told 
by a voice from outer space 
that those numbers aren't 
worth dirt on the phone 
you're using because it is the 
phone of the Cosmodemonic 
Telecommunications Oc- 
topus. So then you have to 
punch 30 numbers. 

I often end up sobbing into 
telephones, and now. pump- 
ing the gas, I sob for the beau- 
tiful lost past of Pete and Bill, 
the gone glory of Mabel, Mar- 
ie. Gladys and Harriet. 

And we call it the modem 
age! Hah! And we speak of 
miracles. Hah! And we think 
this is progress. HahlWhat I 
call it is regress. 


Somebody will say, “Hey, 
whattaya? Against pro- 
gress?” 

What they're really saying 
is, “Pump your gas and shut 
up, or the Cosmodemonic 
Telecommunications Oc- 
topus will make us ail punch 
another 17 numbers.” 

And you know why they do 
it to us? For our convenience. 
That’s right: for our conveni- 
ence. 

Air travel! That’s a joke. 
Travel, indeed! Call it travel 
when you're sealed into a 
metal tube and shot over 
ocean, continent, capes, 
poles, archipelagoes and an- 
tipodes at 500 miles an 
hour? 

1 call it transportation. 
That's all I call it; transpor- 
tation. 

It's regress pure and 
simple. That's what I call it: 
regress. 

Transportation is what 
happens to hogs being 
shipped to the abattoir. Thai's 
whk we've been reduced to 
by modem air travel, so don’t 
talk progress to me. 

Travel is sailing out of New 
York harbor aboard the 
Michelangelo for a seven-day 
trip to Naples, the first leg of a 
two-year tour of Italy from 
Sicily to the Dolomite Alps. 
On shipboard there will be 
day after day of fine food, 
wonderful wine, and maybe a 
glamorous international jew- 
el thief rifling your cabin 
while you are dancing with a 
beautiful comessa. 

Regress has killed all that. 
Now it's take die sealed tube 
for a quick weekend at the 
Rome Econolodge, or stay 
home. All those great old 
liners gone, gone, gone. Re- 
placed by tubes. 

So I have now splashed 
gasoline on my pants. They’ll 
reek all day. And yet they 
laugh at us. Miniver. 

Sew York Times Service 


A Death Casts Pall Over Fashion’s ‘Heroin Chic 


By Amy M. Spindler 

New York Times Service 

N EW YORK — After years of 
denial by the fashion industry 
that heroin use among its players 
had any relation to me so-called 
heroin-chic style of fashion pho- 
tography that has become so pre- 
valent, die fatal overdose of Da vide 
Sorrentl 20. a promising photo- 
grapher at the heart of the scene, 
was like a small bomb going off. 

Even if it was a bomb detonated 
in the home of the person making it. 
it didn't dispel the impact. The 
period of denial is over. Magazine 
editors are now admitting that 
glamorizing the strung-out heroin 
addict's look reflected use among 
the industry’s young and also had a 
seductive power that caused dam- 
age. And three months after Sor- 
renti's death, the magazines that 
published his work and have served 
as catalysts for die look are de- 
claring that they are going to move 
on. with a more upbeat mood that 
will be visible in July issues. 

It was a coincidence that Sor- 
renti’s final fashion photos ap- 
peared — with a tribute hastily 
inserted after his death on Feb. 4 — 
in the March issue of Detour 
magazine, along with another ed- 
itorial layout of models apparently 
posed in drugged stupor. But con- 
sidering die amount of drug use in 
fashion now. and the number of 
magazines publishingsuch images, 
such an unhappy coincidence was 
bound to occur. 

The eerie silence in the industry 
immediately following Somenti's 
death may have reflected a sense of 
complicity. By publishing such 
photos, magazine editors could be 
seen as enablers, implicitly con- 
doning the lifestyle represented. 

Unlike the music - industry, 
which has rallied with interven- 
tions and p ro grams to get musi- 
cians off drugs, or the film industry . 
where known users have been sub- 
jected to drug tests for insurance on 
movies, die fashion industry has 
done little to combat the problem 
among the young in its ranks. 


The only event mounted to com- 
memorate Sorrenti’s death was a 
photo exhibition in his memory, 
called the “Art of Fashion Pho- 
tography,” at a New York studio 
during March fashion week in New 
York. The drugged-looking photos 
from Detour were on view at that 
show. 

But Michael Williams, a pho- 
tographer -who organized the event 
and is a friend of the Sorrenti fam- 
ily, said all that is changing. “Pho- 
tographers now know if you take 
beroin-type pictures, it’s out of 
fashion." Williams said. 

At a recent meeting at 1-D. the 
English magazine that first pub- 
lished the work of photographers 
specializing in the look, like Juer- 
gen Teller, Craig McDean. David 
Sims and Terry Richardson, Wil- 
liams asked what direction the ed- 
itors were taking. 

* ‘They literally said, ‘We are not 
looking for any heroin pictures,' " 
Williams recalled. “That's what 
they started off saying. We want 
everything positive and healthy. 
And I-D isn't only the cutting edge 
— it’s the grassroots leader.” 

For three years, the defense for 
such photography has been that it 
represents rebellion against phony 
airbrushed images. The rationale 
that it reflects a new idea of beauty 
has had a long, successful run. con- 
sidering how apparent it has been to 
almost any observer that the mod- 
els are posed to look sickly, if not 


are pos 
drug-addled. 

They have nonetheless been 
commissioned because they help 
sell clothes to young people long- 
ing to be cool. The glibness of the 
industry in its rationalizations 
harks back to the Studio 54 era. 
when a frenetic cocaine aesthetic 
was explained away in much the 
same manner. 

In the last three years, some ver- 
sion of the look has been seen in 
almost every fashion magazine. 
“It's been used as an accessory in 
every shoot,” said Dewey Nicks, a 
photographer whose cheerful snap- 
shot-like photos do not fall into the 
heroin-chic category. 



A Sorrenti photograph published In Detour magazi n e tribute. 


When more commercial photo- 
graphers began copying the style 
for high-profile advertising cam- 
paigns like those for Calvin Klein 
over the last four years, the look 
went mains tream- As did tiie mes- 
sage. 

“The kind of campaign, for ex- 
ample. Calvin Klein has done is not 
makin g any connection with how 
dangerous this is , ’ ' according to Dr. 
Mitchell S. Rosenthal, the psychi- 
atrist who is president of Phoenix 
House, a national network of drug- 
treatment centers. “They're out 
there using those images to promote 
their business and dunking this is 
just another fashion statement rather 
than a statement of encouragement 
or invitation or acceptability to use 
drugs. It's particularly shocking in 
die case of Klein himself, who has 
publicly acknowledged his own 
drug problem." Klein checked in to 
the Hazelden Foundation, the drug 


and rehabilitation center outside 
Minneapolis, in May 1988. 

Klein declined to comment. 

Sorrenti was part of a family that 
his mother, Francesca Sorrenti. 47. 
said was being referred to as “the 
Corleones” of fashion photo- 
graphy. His older brother, Mario. 
25, is best known for the Calvin 
Klein Obsession campaign he pho- 
tographed. featuring h is gMfnend 
at the time, Kate Moss. His moth- 
er's photography has been seen in 
Interview, the Face and Italian 
Glamour and Vogue. His sister, 
Vanina. 24, is a fashion stylist. 

Among Davide Sorrenti’s cli- 
ents were Detour. Interview, Sur- 
face, Ray Gun an d 1-D magazines 
and the Japanese fashion compa- 
nies Hysteric Glamour and Mat- 
su da. 

He had been dating James King. 
who just turned 18, a rising model 
who was the subject of a cover 



story in The New York Times 
Magazine exactly a year before 
Sorrenti’s death. In the article, she 
admitted to getting involved in 
drugs at 15, when she started mod- 
eling. and insisted she was no 
longer using them. 

Sorrenti became a fixture at 
fashion events with his mother 
when he was 18 and first picked up 
a camera. He was afflicted with 
thalassemia, a genetic blood dis- 
order. and needed transfusions 
twice a month. The disease made 
him look half his age. 

“He’d become New York’s 
darling because he looked so 
young,” Francesca Sorrenti said. 
She said he was both a homeboy 
and a homebody, friends with 
skateboarders and graffiti artists 
(his own tag name was “Argue." 
which can be seen throughout the 
city), bat he also painted, played 
golf and liked opera. His death, in 
Manhattan, has motivated his 
mother to become an outspoken 
opponent of not only the heroin- 
chic imagery, but also the use of 
under-age models on strenuous 
fashion shoots, where thugs are in- 
creasingly part of the picture. 

What Sorrenti' s death has re- 
vealed is that fashion photography 
is indeed a minor of the tightknit 
world thai produces the photo- 
graphs. And as long as drugs are 
unchecked in foe industry, foal im- 
age will be difficult to change. 

“The issue is to know the dif- 
ference between mindless, uncon- 
scious commercialism that's being 
done in foe nam e of edginess and 
truth, versus real truth, which al- 
ways has such human qualities that 
it reveals something about the hu- 
man condition — that, we need," 
said Ingrid Sischy. foe editor of 
Interview, which has published 
photos by Sorrenti and other young 
photographers, but not those that 
could be called heroin chic. “To 
me. ,one can always tell the dif- 
ference between a photograph that 
has substance and one that’s just 
abasing the mirror to life that pho- 
tography can be. Those are the pic- 
tures that cheapen human life." 


Herr 




Rules 

.. ;1 That 






* s .#t -*“• 






Residential 


llw 


■;v-: ■ •• 



PEOPLE 


\*> 


& >■■■;■ i« iL- ■ ? 





Anaoil Malon/Tlie Aaocated Pm 

CZARIST GALA — Maya Plisetskaya greeting guests at a palace ball 
in Tsarskoe Selo, once the summer residence of the czars. The affair was 
held to raise money for a ballet competition sponsored by the ballerina. 


T HE singer and actress Barbra 
Streisand and the actor James 
Brolin reportedly are engaged. “En- 
tertainment T onight. ’ ' a syndicated tele- 
vision program, said that Brolin 's 
spokesman confirmed foe engagement. 
The television report included footage 
of an interview last week in which 
Brolin spoke of mairiage with Streis- 
and, who won Oscars for acting in foe 
1968 film’ “Funny Girl” and in 1976 for 
co-writing the theme song to “A Star is 
Bom.” Said Brolin, “She’s one of foe 
sweetest little girls I’ve ever met ” The 
marriage would be foe second for Strei- 
sand and third for Brolin. 

□ 

The Australian-American media 
magnate * Rupert Murdoch has 
amassed a personal fortune of $3.2 bil- 
lion. making him the richest man in Los 
Angeles, according to foe Los Angeles 
Business Journal. Moviemakers came 
no higher than fourth jn the list with 
David Geffen. coTounder of the new 
DreamWorks studio, topping foe cat- 
egory at $2 billion, while ms partner 


Steven Spielberg was in sixth place 
with SI billion. 

□ 

The Egyptian film director Youssef 
Chahine, who won the Cannes film 
festival's special 50th anniversary 
prize, has dedicated his award to Egypt. 
After receiving foe prize, Chahine 
cabled President Hosni Mubarak say- 
ing he was dedicating it to “foe great 
Egypt — the bastion of light, freedom 
and beautiful art.” Chahine 's film “A1 
Massif,” or “Destiny," which was in 
competition at the fes'tivaL recounts the 
life of a 12th-century Muslim philoso- 
pher, Ibn Rosbd/ Chahine, 71. a 
French-educaied Christian who studied 
filmmaking in the United States, came 
under attack from Islamic extremists for 
his previous film. “The Emigrant." 
which they claimed violated Islamic 
law. Egyptian courts initially banned 
the film, but Chahine won on appeal. 

□ 

Sylvester Stallone's Los Angeles 
press agent has made it official. In a 


statement issued by Paul Bloch. Stal- 
lone, 50. says his wedding in London to 
his longtime girlfriend. Jennifer Flav- 
in, 28. was one of foe “great things” in 
his life, and that she would make a 
“wonderful wife.” 

□ 

In a move that has been widely an- 
ticipated in foe publishing world. Ed- 
ward Kosner is leaving as editor in 
chief of Esquire magazine, which has 
been troubled by a decline in advertising 
and newsstand sales. Hears! Magazines, 
which owns Esquire, said that Randall 
Rothenberg, foe magazine's editorial 
director, would be acting editor as 
Hearst searched for a replacement for 
Kosner. Kosner. 59. joined Esquire in 
September 1993 after 13 years at New 
York magazine, replacing Terry Mc- 
Donell, who also lasted only three-plus 
years in the job. 

□ 

An ashtray from the bedroom where 
Marilyn Monroe was found dead sold 
for $4,000, a signed photo of the actress 


in a bathing suit fetched $13,000. and 
Arnold Schwarzenegger’s jacket from 
his second “Terminator" movie went 
for $40,000 at a Hollywood auction. 
The ashtray was on the nightstand in the 
bedroom where Monroe’s body was 
found in 1962. said Lorna Hart, a 
spokeswoman for foe auction company. 
A script of “Gone With foe wind" 
signed by Olivia de Havilland sold for 



Searchers” made $9,000. 

□ 

Is there some connection between 
music and an appreciation of food? 
David Rezlts. a cellist with the Fort 
Wayne Philharmonic in Indiana, thinks 
so and he has put together a cookbook 
titled “Culinary Harmony: Favorite Re- 
cipes of the World's Finest Classical 
Musicians." The 250 recipes come 
from 230 musicians ranging from Zu- 
bin Mebta to Jessye Norman to Itzhak 
Perlman, whose recipe is for “Very 
Fattening Chopped Chicken Livers.” . 





br-ff I*-;.: K Ft 


ismalsSi 


•••*. i; 


nr- • 


- i ! W* 
-r -4 


• »i 

■-•/-.tool] 




Evert' country has its own AT&T Access Number 


( Good Ol 

which makes calling home or to other countries n?:il ly Awash i n IN’ftS' 


all the tea in 10811 . 


easy. Just dial the AT&T .Access Number for the country 


you’re calling from and you’ll get the fastest, clearest 


connections home. And be sure to charge your calls 
on your AT&T Calling Card. It’ll help you avoid out- 


rageous phone charges on your hotel bill and save vou 


up to 60%* (remember that old Chinese praveifr- 
a yuan saved is a yuan earned). Check the list below 


for AT&T Access Numbers. 





»SL a .>. 

>ir, £ * n °^ i 

4 v-: ’* 


rt . 

1 ^ Cipjjp. . __ 

W* f 

V >=- 

/fc* I* n ._ 


— wenan- 
• Russian 
/Tvre*. from 
-.-fairs' ‘ aad 
•■- a 'Name, 
-h tillers » 
'Nigh*;. 

would;. 

: 'r Zaretb- 

. cfassic 

:n JuvTTral • 

-'e hero, i 

‘ she pint-: 
TW-* 

of 

t “ ‘TTprav* 

• tuiine 

<a* 






AT&T Access Numbers 


Steps to follow for cujr offing worldwide 
. 1. Just dial the AT&T Access Number for die rountry.you 

are calling from. 

2. Dial the phone number you're catting. 

3. Dial the calling card number fisted abew your name. 



826 OOO ST BO 1111 

TOOfH 


Asstrtaoo.. ~ 
Ba/glam • 

C»c& Republic* 

Fram 

Germany 

Greece* . .. 
latent 
Italy" . 

Nettuilanfto . 
Russia ■A(Meum)» 
Spain 


EUROPE 


.. 022-903-011 
0-300-100-19 
00-42-000-101 

0- 800-99-0011 
. . .0130-001B 

80-800-1311 

1- m&s-osa 

. . 172-1011 
0000-822-9111 

75M0W 

9 DO -99-00-11 


Sweden .. 
Switzerland • 
United Kingdom^ 


Egypi*(Caira)* 

Israel 

Saudi AtWao 


MIDDLE EAST 


020 - 796*611 

8800 - 89-0011 

050MM011 

0800 - 88-0011 




S 

iftiC In 


-gh 

i>— 


its k- 


- ih-rn. h 


518-0200 
.177-100-2727 
i-gog-io 


AFRICA 






■XT tmW4 ’GBpad 

H»»C!WCST 


Gltara . . 0191 

Kenya* 0-800-10 

Swill AWm ... . 0-800-99-0123 

Cen'i find the AT&T Access Number far ibe coumry you're calling from? Just ssk any oper&ior for 
ffl&TDIrecr Service, orrisit our Web site at http^/wwwjn.ceqiAr3*efor 

tea <tf arcs 



AT&T 




.V- p it. ~ . 

rir '‘ -ts — y. 

^ Q I, ■■ f'lje.j. . - • — 5&£. i 


r niT' I, , ‘-'SORaUj'? 

8 *-*a2 ! ,k ^o- . 

,'JSoS s ft,.*'** .VMBAi.il 

i!* V’ - 




.-wrr. 

■*•1 ve=5