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INTERNATIONAL 





PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 


The World’s Daily Newspapei 


R 


London, Thursday, November 6, 1997 



South Korea Fears 
A Financial Crisis 
Topping Thailand’s 

Capital Squeeze Growing So Severe 
That Some Banks Are Threatened? 
And Many May Reduce Lending 

By Bill Austin 

. Bloomberg News 


- SEOUL — South Korea is plunging deeper into a financial 
crisis that may soon dwarf those in Thailand and other pans of 
Southeast Asia, bank executives said Wednesday. 

■ A costly — ■ and probably futile — attempt to keep South 
Korea $ currency from weakening is tightening the screws an 

•The Asian crisis imperils its political leaders. Page 4. 

the country's banks, according to these executives. Many 
lenders say they are already having trouble raising money. 

The capital squeeze is growing so severe that the survival of 
some banks may be in doubt. Many are likely to curb lending, 
threatening to tip the world’s 1 1 ih-largest economy into 
recession. 

‘"The odds for recession are higher than the odds for 
recovery,’ ’ said Desmond Supple, the head of Asian currency 
research at Barclays Bank PLC. As the depth of South 
Korea’s troubles becomes more apparent, some economists 
said for the first time that they are starting to doubt whether 
the country can solve its problems on its own. 

Like Thailand and Indonesia, South Korea may be forced to 
turn to the Internationa) Monetary Fund or other outside 
sources for emergency credit to shore up its currency and 
economy. 

Such concern will nor help South Korea’s battered stock 
market. The benchmark KOoPI Index has fallen almost 25 
percent this year in dollar terms. 

But the won's decline helped Korea sell a record 512^8 
billion worth of exports last month, cutting the trade deficit 
for the first 10 months of the year to $10.4 billion, from S 173 
billion a year earlier. 

The speed of the won's decline, however, means the 
benefits of cheaper exports are offset by increased debt and 
rising import costs. 

South Korea’s central bank is depleting its foreign-cur- 
rency reserves by buying won to support the currency. 

Some economists say that reserves — which are estimated 
at between $ 1 5 billion and the official $30 billion once foreign- 
currency contracts are included — are now unsustainably low. 
The central bank is ordering companies to stop hoarding 
dollars. The Bank of Korea has good reason to move fast 

. SeeJVON, Page 4 



By Michael Richardson 

International Herald Tribune 


SINGAPORE — A son of President Suharto of 
Indonesia joined with two powerful business part- 
ners in starting court proceedings Wednesday to 
sue the Indonesian central bank and finance min- 
ister for closing a bank they own. 

Investors and financial analysts said the chal- 
lenge, if successful, could destroy confidence in an 
economic reform effort announced Friday by the 
Indonesian government and the International Mon- 
etary Fund. 

A key part of the reform package — to be 
undertaken in exchange for international loans of 
as much as $40 billion to restore investor con- 
fidence and strengthen the battered Indonesian 
currency, the rupiah — was a cleanup of the 
banking system. 

Indonesia, according to critics, s offers from 
having too many banks — there are more than 220, 
nearly all privately owned — as well as lax reg- 


See INDONESIA, Page 4 


Ip 


EU Bank Dispute 
Gathering Steam 

France appeared isolated Wed- 
nesday after angering many of its 
European partners by insisting that 
the head of France’s central bank be 
appointed as head of the future 
European central bank. 

European Union finance minis- 
ters clashed over the issue as they 
met in Brussels. 

President Jacques Chirac and 
Chancellor Helmut Kohl met for an 
hour Wednesday evening in Paris 
before agreeing to hold further talks 
on the subject. 

The worsening dispute shattered 
several months of EU harmony on 
the single currency. Page 13. 


Truckers Snarl Paris, but Talks Resume 


By Barry James 

International Herald Tribune 


French truck drivers took their 
struggle for higher pay - and shorter 
hours onto the busiest road in Paris on 
Wednesday as unions and employers 
resumed full-scale negotiations for the 
first time since the truckers went on 
strike three days ago. 

With strikers blockading most of the 
nation’s refineries and fuel depots, sup- 
plies of gasoline were rapidly running 
out in the south of the country and along 
the Atlantic coast. Nationwide, about 
one filling station in three had run dry. 

But despite severe disruption in 


France and much of El 
some factories to lay on workers, 
France was unlikely to face immediate 
legal action from die European Com- 
mission. the European Union’s exec- 
utive body, officials said in Brussels. 

Neil Krnnock, the European official 
in charge of transport policy, told other 
commissioners Wednesday that France 
was technically meeting its commit- 
ments under the EU's founding treaty to 
ensure free passage for goods and 
people. He added that it was providing 
information by telephone and Internet to 
help travelers get around road blocks 
and had sent policemen to clear bar- 
ricades near international frontiers. 


The French government argues that 
traffic is getting through, despite huge 
delays. But neighboring countries found 
it hard to see why a domestic dispute 
should be allowed to have such a dam- 
aging effect beyond France’s borders. 

Some 8,000 trucks that would nor- 
mally be delivering fresh produce to 
markets in northern Europe were tied up 
or delayed in Spain. Trucks were wait- 
ing for up to 1 8 hours at Belgian ports to 
board ferries for England. In Britain, the 
police sealed off part of the main Lon- 
don-Dover expressway to provide park- 
ing space for stranded truckers bound 

See FRANCE, Page 6 


Advantage, Republicans 

■ They Talk of ‘National Reach’ for Next Year 
• After Successful Off-Year Elections in the V.S 


By Brian Knowlton 

International Herald Tribune 


WASHINGTON — Republicans 
have won the key contests in off-year 
elections, with Newt Gingrich, speaker 
of the House, declaring Wednesday thar 
the victories would provide the party 
with "national reach” in full array of 
elections next year. . 

The most resounding gain for Re- 
publicans came in Virginia, ■where 
James Gilmore 3d. the former stare at- 
torney general, easily won the gov- 
ernorship, leading a historic sweep of . 
the top three state posts. 

Not since die years of Reconstruction 
after the Civil War have Republicans 
won all the top posts in a state of the old 
Confederacy. Mr. Gilmore s victory 
over Lieutenant Governor Donald Bey- 
er Jr., a Democrat, allowed f 
to hold the governorship for the nrsi 
time in two decades. Governor George 
Allen was prevented by law from seek- 

ano*« closdy watched 
Tuesday, Governor Christie TWutman 
of New Jersey, a moderate with a na- 
tionwide reputation for efficiency, with- 
stood a strong challenge from Jim Mc- 


Greevey, a Democrat, to prevail by a 
margin ofless than 1 percent. She had to 
overcome vocal opposition from some 
conservatives in her party, angered by 
her support of abortion rights. 

In New York's 13tb congressional 
district, which includes Brooklyn and 
Staten Island, the well-funded Repub- 
lican candidate, Vito Fosse lia, prevailed 
in a closely fought battle for the House 
seal over his Democratic rival, Eric Vi- 
taliano. 

President Bill Clinton summed up the 
election results this way: “When the 
economy’s up and crime is down, people 
believe the country and their states and 

their communities are moving in the right 

directions, and they tend to stay with 
incumbent candidates and parties.'’ 

Mr. Gingrich, however, said the re- 
sults showed Republican strength even 
in such Democratic strongholds as New 
Jersey. “Something big is happening.” 
be said. “That's what yesterday said.” 

See VOTE, Page 6 


AGENDA 


Judge Won’t Rule on Au Pair This Week 


CAMBRIDGE. Massachusetts 
(Reuters) — A stare judge will not 
decide until Monday at the earliest 
whether to overrule a juiy’s second- 
degree murder verdict against the 
British au pair Louise Woodward, 
court officials said Wednesday. 

Defense lawyers had asked Judge 
Hiller Zobel of Middlesex Superior 
Court to declare Miss Woodward not 
guilty', order a new trial or reduce the 
conviction to manslaughter. 


The Dollar 


New Yak 

Wednesday D 4 P.M. 

pISVKUdBM 

DM 

1.7173 

1.7235 

Pound 

1.6613 

1.6647 

Y®n 

123.055 

122.065 

FF 

5.7535 

5.7713 

mm 



w 

Wednesday dose 

previous dose 

+3.44 

7692.57 

7689.13 

1 S&P 500 I 

dungs 

Wednesday 6 4 P.M. 

previous dose 

+1.78 

942.54 

940.78 


A jury convicted Miss Woodward 
last week of murdering Matthew 
Eappen. her 8-month -old charge. She 
was given a mandatory sentence of 
life in prison. She would be eligible 
for parole in 15 years. 

If the charge is reduced to man- 
slaughter, Miss Woodward faces a 
maximum sentence of 20 years, with 
no mandatory minimum. Judge Zobel 
will use the Internet to publish his 
ruling, possibly a finest in the nation. 

PAGE TWO 

Sri Lanka’s 4 Hearts and Minds' 

THE AMERICAS Page 3. 

Clinton Nominee h Targeted 

BUSINESS/FINANCE Pag* 13. 

‘Summers Time' in Washington 

Books Page JO. 

Crossword — Page II. 

Opinion Pages 8-9. 

Sports Pages 18-19. 


The IHT on-line vvwvv.i ht.ee m 


Iraq Hiding Evidence 
During Talks, UN Told 

Baghdad Uses Pause in Inspections 
To Disable Surveillance Equipment 


By Barbara Crossctte 

•\fn li'fi T;tKe.\ Srr.u I 


Motlu 2am*mc A muacO ha> 

President Suharto's son Bam bang Trihatmodjo and daughter Siti Hediati Prabowo shown 
last year. Mr. Bambang accused the finance minister of trying to discredit the first family. 

Suharto ’s Son Sues Government 

He Starts Court Action After Reform Effort Shuts His Bank 

ulation, mismanagement and a heavy overhang of 
bad loons, often to companies associated with the 
owners or their friends. 

In a move welcomed by foreign investors as a 
sign that reform efforts would be applied even if 
they hurt politically well-connected interests. Fi- 
nance Minister Mar'ie Muhammad and Sudradjad 
Djiwandono, the governor of Bank Indonesia, the 
central bank, on Saturday announced the imme- 
diate liquidation of 16 banks. 

They said the banks were * ‘insolvent to the point 
of endangering business continuity, disturbing the 
overall banking system and harming the interests 
of society.” 

Three of the hanks named were partly owned by 
Suharto family members. The move prompted an 
angry outburst Tuesday from the president’s 
second son, Bambang Trihatmodjo. who accused 
Mr. Mar’ie of trying to discredit the first family and 
prevent Mr. Suharto from winning a seventh five- 


UNITED NATIONS. New York — 
Iraq is using the suspension in weapons 
inspections caused by President Sad- 
dam Hussein's ban on U.S. participation 
to hide evidence and disable surveil- 
lance equipment, the head of the UN 
disarmament commission on Iraq told 
the Security Council on Wednesday. 

Richard Butler, executive chairman 
of the Special Commission, set up by the 
council in 1991 lo destroy prohibited 
Iraqi weapons, made the statement as 
negotiators in Baghdad were trying to 
defuse the dispute. 

Mr. Butler told the council that Iraq 
was moving equipment and evidence at 
suspect sites out of the range of sur- 
veillance cameras or covering the lenses 
of the cameras to disrupt the remote real- 
time video that inspectors use when they 
cannot visit installations themselves. 

In a letter to the Security Council, Mr. 
Butler expressed alarm that no mon- 
itoring has taken place for the last week. 
“An obvious consequence is that the 
commission is unable to verify that 
dual-capable facilities and equipment in 
Iraq have not been engaged in the pro- 
duction of weapons of mass destruc- 
tion'* or their components, he wrote. 

His comments underlined the con- 


cerns of some UN officials and dip- 
lomats that time spent this week on 
diplomatic overtures to Iraq was being 
squandered when Mr. Saddam should 
be feeling intense pressure from the 
United Nations and important govern- 
ments. 

A week ago. in violation of a Secunt) 
Council resolution. Iraq said all .Amer- 
icans on the disarmament leatn had to 

Saddam’s durability is lugging at 
the Gulf War alliance. Page 6. 

leave by Wednesday. TIlii deadline w.t- 
cxiendcd until early next week hut no 
on-site inspections are taking place be- 
cause Mr. Butler has refused to drop 
Americans from his team. 

"There is a reason this inspection 
regime was set up," President Bill Clin 
ton said Wednesday. * ‘We think it’s ahud 
idea for any more dictators who have 
shown aggression to their neighbors to 
develop the capacity to have nucle.u. 
chemical or biological weapons ” 

The president warned the Iraqis not to 
misinterpret the reasons for a pause in 
the flights of U -2 surveillance planes, 
ordered Tuesday night by Mr. Kutler. 
apparently at the request of Secretary - 

See IRAQ, Page ft 



KUiKt R. id. r 

Deputy Prime Minister Tariq Aziz of Iraq, left, with the IGN mission 
leader, Lakhdaur Brahimi, before talks started in Baghdad on Wednesday. 


Yeltsin Dismisses a Tycoon 
Who Opposed Top Reformers 


By David Hofftnan 

II "usbingutl Post Srmrr 


MOSCOW — President Boris Yeltsin 
on Wednesday dismissed Boris Bere- 
zovsky. a wealthy magnate who was 
deputy secretary of the Kremlin's se- 
curity council, in the latest fallout from 
die struggle between Mr. Yeltsin's young 
reformers and a group of rich tycoons. 

Mr. Berezovsky, 51, who built an 
automobile, media, aviation and oil em- 
pire in the last years of the Soviet Union 
and during the frenzied early years of 
free-markei capitalism, held the Kremlin 
post for only a year. He was instrumental 
in carrying out negotiations with the se- 
cessionist region of Chechnya. The se- 
curity council deals largely with internal 
security matters, not foreign policy. 


Mr. Berezovsky's ouster was far 
more significant for what it said about 
the tug-of-war over the future shape of 
Russia's emerging market economy. 
Mr. Yeltsin's two reformist first deputy 
prime ministers. Anatoli Chubais and 
Boris Nemtsov, have vowed to break the 
grip of a small coterie of well-connected 
business magnates, often referred to as 
Russia's new oligarchs. 

Mr. Chubais and Mr. Nemtsov have 
insisted that they will no longer tolerate 
the old rules of backroom deals and in- 
sider privatization of slate films in which 
the oligarchs often gained lucrative busi- 
nesses for a small price. The reformers 
say they want to create a more com- 
petitive and liberal market economy. 

See RUSSIA, Page 6 


Newsstand Prices^ 


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Denmark 14.00 DKr Oman -250 OR 

Fmfand 12.00 F1W Oatar^-.^l^ m 

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Great Britain 0.90 fau^abte^lO SR 
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Jordan 1.250 JD u ^-^r=;" 1 l0 ? , 1 2 

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Kuwait..- 700 fils Zimbabwe— anS3W» 



Skewering the Perpetrators of Science’s Most Improbable Research 


By Richard Morin 

Washington Past Sfrrice 


WASHINGTON — So much silly science, so 
hole time. Thai’s why we’re lucky that Marc 
Abrahams has dedicated his life to searching out 
and skewering the best of the worst of scientific 
research. 

For the past seven years, Mr. Abrahams has 
presided over the Jg Nobel Prizes, which are 
conferred annually at a big. boisterous awards 
ceremony at Harvard University. These booby 
prizes honor research that is so ghastly, so foolish 
or so funny that you could not make it up. 

“I’m not sure that you'd want to, said Mr. 
Abrahams, who has parlayed a Harvard under- 


graduate degree in applied mathematics into a 
position as America’s guru of academic grunge. 

Over the years, Ig Nobels have been awarded to 
a team of psychologists who claimed to have 
taught pigeons to distinguish between the paint- 
ings of Picasso and Monet: to scientists who 
studied foot odor, researchers who investigated 
why breakfast cereal gets so ggy , and a zoologist 
who wrote a book on how to identify the 
splattered bugs on car windshields. 

Also honored was the British physicist who 
proved that buttered toast does, indeed, usually 
tall to the floor buttered-side down and the au- 
thors of the study “Salmonella Excretion in Joy- 
Riding Pigs.” 

Winners are selected by Mr. Abrahams, who 


edits a satiric journal called the Annals of Im- 
probable Research. He is assisted by the scientists 
and science writers who sit on the journal's baud, 
and by “three strangers we drag in off the street, 
to provide a reality check.” Nominations come in 
from around the world; some winners have even 
nominated themselves. 

Since the first award in 1991. the Ig Nobels 
have acquired cult status among the super-smart 
in the United States and abroad. The awards 
ceremony — this year’s took place a few weeks 
ago — invariably is attended by real Nobel Prize 
laureates, who typically wear wacky bats or 
Groucho glasses and fake mustaches and perform 
in songs and skits. 

And now Mr. Abrahams has a book just out. 


“The Best of the Annals of Improbable Re- 
search. which features Ig Nobel winners and 
highlights of past awards ceremonies. 

Robert Lopez, a veterinarian in New York, is 
another Ig Nobel star. He won the 1994 en- 
tomology prize for collecting ear mites from cats 
and then inserting them into his own ears. He 
recounted his experiences in the Journal of the 
American Veterinary Society. Since then. Mr. 
Lopez has become a regular at the Ig Nobel 
ceremonies. Last year, he even brought cookies 
he made from locusts. 

Speaking of food. Mr. Abrahams recalls a tense 
moment at the. 1995 awards ceremony. John Mar- 

See PRIZE, Page 6 









INTERNATIONAL HERALD TRIBUNE, THURSDAY NOVEMBER 6, 1997 

PAGE TWO " _ 


War Raging On /ABid to Win Tamil Loyalty 


Sri Lanka Turns to ‘Hearts and Minds’ 


By John F. Buns 

New York Tones, Service 

J AFFNA, Sri Lanka — When Major General 
Lionel Balagalle of the Sri T-anlran Army 
greeted visitors to his headquarters recently, 
he cot an unusual figure for a military com- 
mander faced by one of die world's most feared 
guerrilla groups. 

Hastening through the usual fare of a military 
briefing, he came to what he described as his 
greatest concern, the human-rights record of his 
troops. 

General Balagalle, 52, has a reputation as a 
“hearts and minds" officer, and his appointment a 

year ago to the cmcial command in Jaffna P eninsu la 

was described at the time as a major step in die 
government's central strategy for ending a 14-year 
rebellion by the Tamil Tiger guerrillas. That 
strategy was to re-engage the Tamils* loyalties 
alienated in the decades when the ethnic Sinhalese 
majority routinely discriminated against them. 

At his heavily sandbagged headquarters, the gen- 
eral said his main concern, two years after Jaffna 
Peninsula was brought back under government con- 
trol, was to guard against further abuses by gov- 
ernment troops — “disappearances, * * trillings and 
rapes, among other wrongs — that he said had 
marred the government’s record earlier in the war. 

While the steps he has taken to discipline his 
troops have encountered stiff resistance in some 
units. General Balagalle said the policy was the only 
way government fences could heme to prevail. “I’m 
absolutely sure of it," he said. rt Homan rights are 
good for business." 

His efforts are in line with the core strategy of 
President Chandrika Bandaranaike Kumaratunga, a 
Sinhalese who wants this island nation of 18 mill ion 
people off India’s southeast coast to unite behind a 
peace plan she has put forward as an alternative to 
the separate state sought by the Tamil Tiger guer- 
rillas. The key is a new constitution intended to re- 
engage the loyalties of the three million ethnic 
Tamils. 

The president, 52, daughter of a family dynasty 
that has ruled Sri t -antra on and off since die 1950s, 
won a landslide election triumph in 1994 on a 
pledge to negotiate peace with the Tigers, but turned 
to all-oat war after tile Tigers broke a 100-day 
cease-fire in April 1995 with 
an attack that sank two gov- 
ernment navy vessels in the 
harbor at Trincomalee. 

Today, die government is in 
what should be an enviable po- 
sition: It has re-taken Jaffna 
Peninsula, after years in which 
the Tigers had run the region as 
a de racto state, and has es- 
tablished enough confidence 
among Tamils who fled the re- 
gion during the battles of 1995 
rhuf hundreds of thousands 
have begun to return home. 

The government has begun 
to attract growing Western 
support in the war, mainly be- 
cause of the Tigers’ own abas- 







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loin BnmVThe New YnfcTane* 

Tamils fetching water from a roadside lap in 
Jaffna. Many civilians have returned to the 
area, where u tiliti es were wrecked in fighting. 

es, including summary executions of those they call 
“traitors" to the Tamil cause, assassinations of 
S inhal ese political and military leaders and bomb- 
ings like the one in mid-October that wrecked wide 
sections of Colombo’s business 'district 

Yet, the war drags on, with a cruelty and ferocity 
that seem to defy solution. It has worsened so much 
in the last 18 months that even top government 
officials admit privately that they feel trapped in 
events beyond their control. " 

“There is an air of Greek tragedy about it all, a 
sense of ‘Is there nothing we can do?’ " a high- 
ranking minister s aid “This cycle of death and 
destruction, all these funerals, 
they have textured the hearts of 
our people." 

After years of assassina- 
tions, bombings and jungle 
battles that have killed at least 
50,000 people, most Sri 
Lankans have despaired of ever 
again seeing the kind of island 
that formed die country’s im- 
age when it was still called 
Ceylon — a land of Elysian 
. appeal, at least in the memories 
or many now living through the 
war. 

The gloom has deepened 
with daily reports from the war 
. .front half a day’s drive north of 
Colombo, the capitaL There, in 


s$£f 


the Vanni jungle, government troops and Tamil 
guerrillas are now locked in the longest and most 
cosily battle of die war. 

1 For six months, government units pushing into 
the heart of Tiger-controlled territory have faced 
cou nt erattacks by Tiger battalions of women and 
teenage girls, as well as Tamil boys as young as 
10. 

Government soldiers returning from the front 
have described how the Tigers, attacking in the 
dart-, have pulled back underfire, leaving wounded 
boys and girls lying in no-manVIand, crying for 
help. 


with cyanide capsules strung around their necks, 
many of the youngsters did pot swallow the poison, 
as instructed by Tiger leaders, when shot 

“One moment, they are Tigers, fighting 
bravely," said a government officer on a week’s 
furlough from the front “The next, they are chil- 
dren again, calling for their mothers in the night*’ 

At least 2^00 fighters on both sides have died in 
the Vanni offensive, with perhaps three times that 
many wounded. This exceeds even the toll when the 
Tigers attacked a coastal government military base 
at MuUaitivu a year ago and killed at least 1,400 
government troops — every man on the base. After 
that, desertions from the Sri T-snkan forces became 
endemic. 

In recent months though, the Tigers have had 
trouble wi thstanding the onslaught of government 
forces in the Vanni jungle, where the Tigers set up 
their headquarters after losing Jaffna Peninsula, 
their previous stronghold. 

But even as government officials began to cel- 
ebrate their advances in tire Vanni, referring to the 
Tigers as a “spent force," the Tigers struck back in 
devastating fashion in Colombo, as they have be- 
fore when facing battlefront reverses. 


O N OCT. 15, a truck loaded with nearly 
half a ton of high explosive detonated in 
die central business district, killing 18 
bystanders and partly wrecking three 
five-star hotels, three office cowers and the old 
Parliament building. 

One reason for pushing the new charter is that 
senior officials have concluded that overcoming the 
Tigers any other way may be impossible. “The 
prospects of finishing the war on the battlefield are 
remote, and we know it," a senior official said. 

The surest sign of growing normality has been 
that the city and the peninsula of Jaffna are rapidly 
being re-populated by inhabitants who were forced 
to flee with the Tigers as government forces ad- 
vanced. 

Now, according to official Sri Lankan figures, the 
peninsula's population, 738,000 in the last census in 
1981, is back up to 465,000. 

Among many Tamils cm Jaffna's streets, none 
seemed eager for a return by the Tigers, who are 
rempmbered mainl y for the fear they engendered, 
especially the tenor among parents that their chil- 
dren would be farced into battle. 

There was little enthusiasm for the government 
forces either, with widespread bitterness over more 
than 300 '‘disappearances'* of alleged Tiger sym- 
pathizers after the government recaptured Jafiha. 


I’ .;#• 

to * . ./ |tl » 


In U.S. Citizenship Case 

Woman With GI Father Appeals Rejection 


By Joan Biskupic 

Wiafimrttm PoStSemce 

- WASHINGTON — In a case chal- 
lenging sexual stereotypes, the Supreme 
Court has heard oral arguments on a 
nati on" ? policy that favors mothers over 
fathers in determining whether children 
bom out of wedlock overseas can be- 
come U.S. citizens. 

Federal law says a child born in a 
foreign country to an unmarried Amer- 
ican mother and a foreign father is auto- 
matically a U.S. citizen. . But barriers 
arise for one whose father is American 
but whose mother is not. 

Lorelyn Penero Miller, bom out of 
wedlock 27 years ago to a Filipino 
mother and an American father, claimed 
that the distinction violated the con- 
stitutional guarantee of equal protection 
of the laws. Her father was stationed in 
the Philippines with the U.S. military. 

Ms. Miller applied for citizenship in 
. 1992, while living with her father in 
Texas, but was turned down because her 
father had not, as required, established 
paternity before die turned 21. Lower 
courts upheld the policy, relying on 
Supreme Court precedent giving Con- 
gress broad discretion on immigration 
and citizenship policy. The law now 
says the paternity has to be demon- 
strated before the child is 18. 

-In arguments Tuesday, Justice Ruth 
Bader Ginsburg suggested the law was 


unfairly based on a stereotype fa 
women have closer ties to thsfrchUdfa 
than do men. ‘ i .- 

The former women's ri^adyofa . 
noted that the court previously had raid 
the government cannot rely on stereo, 
types for treatmg the sexes diffowdy. 
She asked a Justice Department lawyer . 
whether the government was rttrefag 
from - its opposition in earlier cases la 
sex discrimination. . ’•>» 

“Why an exceplicai ^ hete?" . Ac 

asked. ... 

Edwin Kneedler, deputy sohefa : 
general, emphasizedCoQgress'samhds - 
ity in the area of immigratkjn and B*t- 
uralization and said Congress had sb&- 
ficient grounds to require specific •• 
evidence of a bond between an out-of- 
wedlock child and the father. .... f 
Justice Stephen Breyer joined in A. 1 
ticular scrutiny of the law, sayiajgh 7 
relied on generalizations of which, gar- 
ent would be a child’s “caretaker" fa i- 
caliing that basis “close to irrational" u 
But some of the other justices ap- 
peared readier to reject the challenge.; 

Chief Justice WiUiam Rehnquist era- 
phasized the court’s traditional defer- * 
ence to Congress on citizenship matteis, ■' 
and Justice John Paul Stevens suggested > 
it was reasonable for Congress to bfc- * 
tieve that a U.S. serviceman who fathers ' 
a child on a tour of duty overseas ixugk ~ 
not be ready to develop a parental re-"' 
lationship. ; 


■M.vfi 


Driver and Passenger Air Bags 
Measured for Cost-Efficiency \ 


By Warren Brown 

Washington Post Service 

WASHINGTON — Air bags are still 
a benefit overall, but measured by cost- 
efficiency, driver-side air bags are more 
effective than those on the passenger 
side, according to a study published in 
The Journal of the American Medical 
Association. 

The reason is that during a crash, the 
driver’s seat is always occupied, and by 
an adult, the size of person for which the 
bags are designed, the study said. Pas- 
senger-side bags often save no one be- 
cause those seats are often empty. 

When a child is sitting in the pas- 
senger seat, the device can kill or maim, 
according to the study, published Tues- 
day, by researchers at die Harvard 
School of Public Health. - 

The researchers found that driver-air 


bags cost society about $24,000 for every 1 i 

year of life saved, compared with kill 1 |||t 
$61,000 for everyyear of life saved fora .»■ 1 * ' 
passenger bag. “The passenger air bag is _.. n , a ■ 
less cost-effective because or the dangers T 1 1 1 f ( { 

to children and die lower rate of oc- ’ _ * ' 9 1 
cupancy in the passenger seat since many ; 
adults drive alone," said John Graham. J ... ; * . 
the study’s lead author. . • s® 8 " 1 ' 

Air bags kill one child for each 10 ■ y.p ;4 .; r ;,-.!; ; 
adults saved. More children may beat 
risk as vehicles equipped with passen- 
ger-side air bags are turned over to die . 
used-car markets, the study said. .! 

The study confirms what officials^ .. 
the National HighwayTraffic Safety Ad- 
ministration have been saying for fa 
yeare: Air bags, used with lap belts add 
shoulder harnesses, offexthebcstcnish } ' 
protection fordrivexs, and passenger-side 
bags offer increased protection for adults, 
bur can harm or kill cbiMrtn under . 


UN Tests AIDS Care in Poor Nations 


TRAVEL UPDATE 


By David Brown 

Washington Post Service 

WASHINGTON — Can 
state-of-the-art AIDS care be 
brought to underdeveloped, 
and often very poor, countries 
in Africa, Aria and South 
America? The assumption 
has always been that it can- 
not A group of international 
aid organizations, however, 
will try to prove the answer 
should be yes. 

The Joint United Nations 
Program on AIDS was to an- 
nounce plans Wednesday to 
establish pilot projects in four 
countries — Ivory Coast 
Uganda, Chile and Vietnam 
— whose purpose is to show 
that triple antiviral therapy, 
protease inhibitors and drugs 
For AIDS-related infections 
are within reach of people 
there. The organizers of the 
initiative admit that the two- 
year project entails a lot of 
uncertainty and wishful 
thinking. 

“The alternative is to do 
nothing," said Joseph Saba, a 
physician and official in the 
AIDS program in Geneva 
who will run the project. “We 


are eager to prove that these 
countries can really handle 
their destiny. Our main pur- 
pose is Co get the treatment to 
these countries, and in fact to 
demonstrate there are work- 
able solutions." 

Advances in treatment in 


clinicaL Can nations get good 
enough deals from drag 
companies to get a full and 
sustainable supply of AIDS 
medicines? Can clinics, lab- 
oratories and pharmacies 
work efficiently enough to 
sustain a complicated system 


The organizers of the initiative admit 
that the two-year project entails a lot 
of uncertainty and wishful thinking. 


the last two years have dra- 
matically cut AIDS mortality 
in the United States and re- 
stored thousands of infected 
people to relatively good 
health. The optimal therapies, 
however, cost more than 
$10,000 a year per pari eat — 
a price tag that is testing med- 
ical budgets here and is as- 
sumed to be utterly beyond 
the reach of poor nations. 

The project assumes that 
optimal therapy will help 
HTV patients m developing 
countries as it has in neber 
countries. The key questions, 
instead, are economic and or- 
ganizational, not scientific or 


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of treatment for at least some 
fcflV patients? 

About 3,000 people will be 
treated in each country. That 
is a fraction of their infected 
populations. Uganda, for ex- 
ample, has 1.6 milli on infec- 
ted people, Ivory Coast 
600,000. The UN program 
will spend abdut $1 million 
over the next year to help 
make sure there is a -medical 
infrastructure for optimal 
HIV care — doctors who are 
familiar with the drugs, lab- 
oratories that can perform es- 
sential monitoring tests, phar- 
macies that are able to get the 
large number of AIDS medi- 
cines in sufficient supply. 

Each country will establish 
a nonprofit drug-importing 
company and a nati onal ad- 
visory board. The latter will 
have representatives from the 
medical, public health and 
patient communities, and will 
decide what drags will be 
available and what kind of 
patients will get them. Each 
of those policies is expected 


DEATH NOTICE 

He has travelled the world and 
made many Mends but the journe? 
bad to end. Andre BYASSON made 
his final stop cn 2 Nov. 1997. 


to differ somewhat from 
country to country. 

The boards will also decide 
who will get the drags in the 
two-year period. There will be 
lew, if any, rales imposed by 
the UN office. In Ivory Coast 
and Uganda, the number of 
qualified c lini cs is s mall, and 
— in the beginning at least — 
tire patients will probably be 
drawn from them. 

“It is extremely difficult to 
select afew thousand people,” 
Mr. Saba said. “I can tell you 
that die task of these people on 
the national advisory board is 
mot going to be easy." 

Deep discounts from drag 
companies will be essential 
But the project is not expec- 
ted to be a charity program — 
a point made by an official of 
Glaxo Wellcome, the com- 
pany that makes AZT. 

“We are entering tins with 
an understanding that our 
economic participation might 
be significant, bat I don’t 
think it extends to selling at a 
loss as a routine," said Peter 
Young, a vice president in 
charge of HIV medicines. 

Mr. Saba said the goal was 
to establish new ways of fi- 
nancing AIDS care — a com- 
bination of discounted medi- 
cines, support from overseas 
charitable organizations, con- 
tributions from workers and 
companies in countries them- 
selves, and other mechan- 
isms. 

If optimal treatment for a 
small number of patients is 
sustainable, he said, then it will 
presumably grow to include 
more patients in the future. 

The Joint United Nations 
Program comprises the AIDS 
offices of four UN agencies, 
the Worid Health Organiza- 
tioQ and the World Bank. It is 
the leading group concerned 
with AIDS policy and research 
in the developing world. 




7 MONTHS 

; 2 MONTHS 

: DISCOUNT ! 

COUNTRY CUERSN 

Ct 

NEWSSTAND 

OFFER 

. OFF 



PRICE 

PRICE 

'COVER PRICE ' 

AUSTRIA 

ATS 

1.-56 

630 


BELGIUM; LUXEM0, 

Litl 

2 3S0 

1.3S0 


DENMARK 

DKK 

7 30 

260 


FINLAND 

EIM 

6ZA : 

310 

50% 

FRANCE 

Ff 

S 20 

210 


GERMANY 

DEM 

1 *2 

72 


GREAT BRITAIN 

£ 

J7 

22 


1 HONG KONG 

HKS 

676 

23-1 


ITALY 

ITl 

1 4 5.600 

53.000 


< 

Cl 

< 


26,000 

12.1 SO 


MALAYSIA 

RM 

1 1 



NETHERLANDS 

NLG 

190 



NORWAY 

NOK 

^ 1 7 



SINGAPORE 

SS 

1-16 • 


■ 4 ■ ■ 

SPAIN 

PTAS 

1 1,700 



SWEDEN 

SCK 

o32 



SWITZERLAND 

CHF 

'* 66 



USA 

s 

7 0 


45 . 

FOR OTHER COUNT 

fiieS. plEasl Contact 

TOUR NEAREST IHT OFFICE 


Italy Braces for Transport Strikes 

ROME (AP) — A series of transport strikes will disrupt 
travel in Italy starting Thursday, when air traffic controllers 
and railway workers announced they will walk off the job. 

Flights from Italy’s major airports will be subject to delays 
and possible cancellations from 11:30 A.M. to 3:30 P.M. on 
Thursday. Most trains will stop running from 9 P.M. on 
Thursday until the same time Friday . 

Local trams and buses in most Italian cities will halt service 
for four hours Monday morning. Meanwhile, the government 


WEATHER 


is negotiating with unions to avert a truckers’ strike set for 

Nov. 9 to Nov. 16. *’ ■* 

»« 

A series of moderate earthquakes shook the Athens area m 
W ednesday for the second consecutive day. Later, a strongs - 
quake occurred off the island of Crete. (AP) 

Twenty roads and two rail lines were dosed as heavy . 
fats swept Spain on Wednesday. Roads in Andalucia were"'* 
impassable because of flooding, while rail lines linking Gsvv 
doba to Seville and Malaga were unusable. (AP) \ 


Europe 



. Today 



NW» 


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17*82 

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15/59 

12/59 c 

1053 

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1064 

1356 pc 

2VTO 

1552a 


21/TO 

1D/90 ah 

1 W 1 

1050 pc 


IB/09 

1053a 

2373 

14157 e 


1061 

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14/57 

12/63 r 

1350 

048 01 


14/57 

13/56 r 




11/52 

11/52 r 

16(81 

S'- 8 sh 

80 I 

IMM 

11/52 c 

1054 

18/95 c 


11 /flfl 

041 pc 

T1/52 

046C 


laws 

307 01 

9MB 

409 pc 


1064 

17/62 r 

16/68 

ISBBr 


1061 

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17/82 

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1/34 

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7744 



1 «b» 

9 M 8 a 

16/64 

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4 <33 

409 C 

12/58 


»a 

2*71 

1064 pc 

23/73 ISM pc 


1*57 

11/5201 

17182 12/53 r 


Forecast for Friday through Sunday, as provided by AccuWoather. 



SLPmabiag 

Etadtfntn 

TMfrai 


14/87 10/80 *1 
13/65 400 r 
25/77 13/33 c 

1091 1407 r 

■am -*esc 
17/w ianac 
22/71 1702 1 . 
am 937m 
ISOS 6M6 r . 
ISOS 14/87 r 
flM3 BOBr 
043 041 I 
22/71 108401 
I 008 -1/31 0 
041 409 m 

1702 1407 r 
208 2/36 m 

BUB -1/St ■ 
10 B 1 1407 r 

IMS 14/57 r 
12/53 1303 r 
1702 1303 r 


Middle East 


Abu DM* 

B-vt 

Com 


33/91 tun pc 

1004 1080 c 
23/78 12/53 ps 
14/57 10/5001 
1601 9M6pe 
28/82 048a 

320S 1804 pa 


Mgtan 28/82 tool r 
Capa Two 22/71 WOT a 
ClMfatoKa 1601 12/53 r 
Hm 27/80 040 pc 
UflM 81/88 23/73 pc 
NUOtal 34/75 1059 01 
TuO 2802 1906 e 


12/53 048a 
13/66 6M3tfi 
IBM 8 M 6 c 
14/57 9M6 r 
409 3/37 1 
1804 7/44 0 
1806 1853 c 
6/43 043 r 
11 *3 043 1 

20M 11/82 r 
408 -1/31 an 
1305 1306 T 
24/76 17/62 e 
043 541 e 
1063 046 ah 
16/68 043 c 
1000 04601 
13/56 6/41 K 
17*2 13/66 r 
2008 1407 a 
1604 13/BSib 
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S »1 2008 pa 
21/70 1601 pc 
2373 12/33* 
1064 8/46 c 
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8004 1060 • 
33/91 1094 pc 


17*2 10/EOr 

man iass* 

1804 13M c 
2804 9/488 
31/86 23/73 r 
27*0 14/57 a 
31*8 1804 pc 


North America Europe Asia 

aot T n ** 8 * y a ? d Cloudy and cool wftfi occa- Tnaphal Cyclone Lktta wiS 
TrinMrtwn rain ootao stand rain ta all at Western cauie flooding rain across 

India ihls 

bikI Satunlay and tan New day. out northern Spain w* weekend. Belling will be 
tavo soaJdng rain. Stem* diy and cWy Frfctey. but « 
c-ii’JortsMe In the North- aoraas England and may rain Saturday mgHMr 
^ £ ronca SunA* Eastern ^ somf ^ ^ 

will tirin g whirl an d rain Europe and western Rus- Dry and cool acmes Korea 

Surxtey. Rata Friday ta the ela wfll be mQdar with soma and Japan but Korea 
Southeast, than *y and ram, but the_ Balkans will oould I mUmK 
kmL have heavy downpoura. day. Sunny and dry in 

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Barpa* 31/86 21/70 pc 

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ChtangMal 2700 1801 c 

Colombo 2082 23/73 r 

MWM 2405 17)82 pc 

KeCNMnh 3209 23/73/ 
hong Kong 22/71 iK4i 
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3108 29/73 pc 
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K.Ktai taahi 2904 23/73 r 

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31/88 tWO pc 
2304 21/TO pc 
1081 101 s 
2048 IQ/50 5 
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North America 


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Chicago 7/44 1434 ah 

[**■» 78/84 4439 « 

Oanwr 20/89 1434a 

S*W* 7144 1434 ah 

*Jw»*ufti 29/84 21/70 a 

Houwn 21/70 7 M 4 a 

Ins Angelas 27/80 14/67 pc 

, S«M Mite pc 

JJWJtepota 6/43 -209 pc 

****rad 7744 1434 c 

29/84 22/71 pc 
NwrVwk 12/63 B/4Bpc 

g*"*» 77180 17782 c 

Pta"* 31/88 14/ST a 

SanBwi 2068 12/83 pc 

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WwHnqtan 13468 6M9 ac 

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INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 6, 1997 


PAGES 


THE AMERICAS 


^Oregon Keeps Suicide Law 

Jfyters Reject Repeal of Doctor-Assisted Death 


New York runes Service 
WASHINGTON — Voters in Ore- 
gon. have refused to repeal the only law 
in the nation that allows doctor-assisted 
suicide, first passed three years ago hat 
(•never pat into effect because of a series 
•.of legal and political challenges. 


•414,337, or 60 percent to 40 percent, 
v - . Backers of die failed repeal effort, 
■.among them die Roman Catholic 
-Church and a number of anti-abortion 
.•groups, indicated that they would con- 
tinue the fight by filing more court cfaai- 

- tenges to the law. • 

Oregon in effect reaffirmed its 1994 
. decision that made it die first place in 
•North America to legalize doctor-as- 
.-risted suicide. S imilar proposals have 
V -been rejected in Washington and Cali- 
U'foraia. But unlike various proposed 

- measures, die Oregon law does not al- 


low doctors to give lethal injections. 
They are limited to prescribing a lethal 
dose of drugs to a patient who has been 
given six months or less to live by two 
doctors, is of sound mind and has made 
a written request to die. 

Once a decision has been made to end 
a life, there is a 15-day waiting period 
until the prescriptions can be written. 

Tuesday's vote was somewhat sur- 
prising. In 1994, the measure passed, 
barely, 51 percent to 49 percent. That 
law held up in a series of court chal- 
lenges, including one that the U.S. Su- 
preme Court refused to hear last 
month. 

Polls before Tuesday's balloting 
showed that voters were angry at the 
Oregon Legislature for throwing a 
voter-approved measure back at the 
electorate. It was the first time in Oregon 
history that a measure which had teen 
voted into law by citizens was returned 
for reconsideration by the Legislature. 



Republicans Target Rights Nominee 


Dam Coct/Tte Andsed Prc» 

Bill Larin Lee during his testimony 
to fiae Senate Judiciary Committee. 


By Roberto Suro 

Washington Post Service 

WASHINGTON — President Bill 
Clinton's nomination of Bill Tjmn Lee 
to the top civil-rights job in the United 
States is in grave danger, with Senate ‘ 
Republican leaders accusing Mr. Lee of 
holding unconstitutional views on race- 
based preferences and suggesting that 
any future nominees wouldfoce a tough 
new standard on affirmative action. 

In a lengthy speech on the Senate 
floor, Onin Hatch, Republican of Utah 
and chairman of the Judiciary Com- 
mittee, said this week he would appose 
Mr. Lee's nomination because he reared 
that the veteran civil-rights attorney 
would use the Justice Department job to 
fight widespread efforts around foe 
country to dismantle affirmative-action 
programs. 

Mr. Lee, in a view he shares with Mr. 
Clinton's administration, has opposed 
California's Proposition 209, a ballot 
initiative passed by voters last year that 


l 

POLITICAL N 

SP 

“if*' 




■ House Bars School Vouchers 


1,1 WASHINGTON — The House has rejected a 
~ proposal that would have given needy students tuition 
-/ ' vouchers to attend private schools, handing a sur- 
- ’ prising defeat to an initiative that has been atop the 
" education agenda of many Republican leaders. 

Leaping into one of the most contentious debates in 
./ \ education, lawmakers decided against adopting foe 
*' ■ voucherprogram, 228 to 191, after hours of debate on 
how to improve public schools, especially those in 
_ . foe poorest U.S. communities. 

Democrats in foe House denounced the measure as 
a severe attack on public education and managed to 
. .persuade about two dozen Republicans to oppose it. 


crat who led foe opposition to the bill, warned that its 
passage would have sent a “clear and chilling signal 
that Republicans have declared war on public edu- 
cation. 

The vote was foe latest among recent clashes 
between President Bill Clinton and many Republican 
leaders in Congress over education. (WP) 


gross to do, in terras of providing money for operating 
subsidies or for pay raises, that is a total nonstarter. 

The agreement, reached Sunday, is contingent on 
congressional approval of hundreds of millions of 
dollars in aid xor Amtrak and passage of an au- 
thorization bill to release almost $2.3 billion set aside 
for the railroad. (NYT) 


ad^dSTfo” Amtrak Accord Is Derailed Quote /Unquote 

; of debate on * 


er, and RicEard Armey, foe majority leader, both of 
whom strongly supported foe idea. 

Representative william Clay, a Missouri Demo- 


WASHINGTON — The Senate majority leader, 
Trent Lott, has called the tentative workers’ agree- 
ment on Amtrak “a total nonstarter.’' 

Various parties appeared to be maneuvering to 
avoid being seen as having dealt a fatal blow to foe 
railroad, which is faltering financiall y. 

Mr. Lem, Republican off Mississippi, said Tuesday 
that even though he still had not seen foe text of the 
agreement, “If it's based on tilings they expect Con- 


Represeatative Benjamin Gilman, Republican of 
New York and chairman of foe House International 
Relations Committee, as the House prepared to take 
up legislation to punish China for human rights 
abuses: “Hie Chinese are watching our actions 
closely. The administration has been soft-pedaling 
issues that we in Congress and the American people 
feel strongly about, including human rights and 
trade.” (AP) 


abolishes race- or sex-based affirmative 
action in a variety of state. programs. 
t Adminis tration officials denounced 
Mr. -Hatch’s stand as a new litmus test 
that would make it impossible for Mr. 
Clinton to fill key vacancies with nom- 
inees who simply agree with foe pres- 
ident on basic civil-rights policy. 

After an emergency White House 
meeting on the issue, Mr. Clinton said: 
“How can anybody in good conscience 
vote against him if they believe ourdvil- 
.rights laws ought to be enforced? That is 
the question we will be pressing to every 
senator without regard to party.” 

Mr. Hatch portrayed Mr. Lee, a Cali- 
fornian, as a determined activist who 
would use his position as assistant at- 
torney general for civil rights to support 
racial-preference programs ‘^until 
every possible exception under the law 
is unequivocably foreclosed by the Su- 
preme Court” 

Mr. Hatch added, “Lee must be 
America’s civil-rights enforcer, not the 
civil-rights ombudsman for the left’ ’ 


Away From Politics 

• A 43-year-old man convicted of raping and 
beating to death his 9-year-old cousin became the 
33d Texas inmate executed this year. (AP) 


• Smokers switching to low-tar, filtered 
increase their chances Of getting a type 


iblicans — Trent 


Senate majority whip, and Senator Mike 
DeWIne of Ohio, a crucial vote on me 
J udiciar y Committee — immedi a te l y 
mad* it dear that they would back Mr. 
Hatch’s position. 

Some Republicans on foe 18-membcr 
committee remained publicly uncommit- 
ted, but Democratic and Republican Sen- 
ate staff members it seemed unlikely 
that Mr. Lee would get the two Re- 
publican votes he would need, in addition 
to the committee’s eight Democrats, to 
survive a scheduled vote Thursday. 

Mr. Lee, -a lawyer from Los Angeles 
who would be foe first person other than 
a white or African-American to hold the 
government's top civil-rights post, is a 
Chinese- American who is foe son of 
i mmig rants. He has been director of a 
regional office of foe NAACP Legal 
Defense & Educational Fund Inc., a 
group that mainly represented 
hiarfca in discrimination suits. 


Offshore 

Companies, Trusts 
Tax Planning 


foe Journal of 


deep in foe h 
of foe Nath 


getting a type or cancer 
i, according to a study in 
Oncer Institute. (AP) 


• Three stowaways who boarded a cargo ship in 

tiie Dominican Republic were found dead inside a 
clothing-filled shipping con tainer . Seven others 
survived the trip to Riviera Beach, Florida, and 
were hospitalized. (AP) 

• A white separatist will serve life in prison with- 

out parole for a series of jripd bombings and bank 
robberies. Robert Berry of me Phineas Priests called 
.the federal court in Spdmne, Washington, a “ temple 
of Satan” before Judge Frem Nielsen gave him two 
life sentences plus more than 130 years. (AP) 


OFFSHORE TRUSTS • BANKS 
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AMERICAN 

- TOPICS 

t , ^ The Plummeting Bee Population: 

•.Honey of a Problem for Farmers 

~ ' The U.S. honeybee population, vital for the 
' reproduction of a wide range of plants, has 
. been ravaged in recent years. Beekeepers 
‘ .have lost about half their hives since 1994 to a 
, combination of pesticides, parasitic mites and 
'harsh winter weather. 

V^lfoougfr , grates, cereal* and some other, 
^plaqts .are. pollinated by foe wind, most plants 
jtely "on insects or animals, including hum : 

' rhingbirds ami geckos, for pollination. Popular 
Mechanics reports. More man 100 food crops, 
nJrom cashews tocranbemes to squash, depend 
heavily on wild pollinators, whose value to 
agriculture has been put at $4 billion a year. 

- - Honeybees, imported from Europe in the 

- Jri 20 s, have proved invaluable to formers. 
Beekeepers can manage huge colonies that 
they truck from form to form. Pollinating foe 
-J^hfomia almond crop alone requires 
•'500,000 hives of tiny migrant workers. 

• . • But two vicious mites have spread through 
foe bee population. Largely as a result, pol- 
lination fees have doubled in 10 years, send- 
^'-Jjng honey prices up. Pennsylvania apple 
A -growers say they can’t get enough bees, and 
-their yields have plunged 40 percent 
Smoke has proved effective in killing some 
'Unites, and researchers are trying to breed mite- 
resistant bees. But other problems persist 
Farmers ami developers continue to destroy the 
habitats of migratory pollinators, like the mon- 
“ arch butterfly. And as the author Rachel Carson 
warned, pesticides have taken a heavy tolL 
“It’s safe to say we’re in trouble,” said 



W<ahTs FUc 


iY uw. mP&t* 

o vn Z 1 3 . 


Paul Alan Cox, a Brigham Young University . Bradford • Bristol • Cardiff • chepstow • cheshunt • Chichester • derby • Edinburgh • Glasgow ■ heathrow • leeds • London • maidst-one • Manchester <i99B) ■ 
botanist. What we don t know is how big foe | ^ ‘ ^ 

business, More than 80,000 businesses take * * V.\> :: •• ^ § 

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PAGE 4 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 6, 1997 


ASIA/PACIFIC 


Financial Crisis Leaves Asian Leaders Shaky 


briefly 


(III* 




I 

j By Michael Richardson 

\ International Herald Tribune 

| SINGAPORE — The forced 
; resignation of Thailand’s prime 
: minister is a warning to other 
' leaders in the region that they 
: need a strong base of political 
! support and a credible policy to 
; weather an economic down- 
1 torn, especially since the In- 
! tcraanonal Monetary Fund and 
; investors are insisting on pain- 
ful reforms, officials andana- 
lysts say. 

Prime Minister Chaovalit 
• Yongchaiyut — who has said 

that he will step down officially 
- at midnight Thursday, although 
he could serve in a caretaker 
; capacity until a new head of 

■ government is chosen — is the 
i first top-level political' casualty 
; of Southeast Asia’s finAnriai 

■ turmoil. 

But much slower growth 
combined with the unpopular 

■ measures required to bring 
about recovery will probably 


pose difficult challenges to all 
of the region’s governments, 
liberal or authoritarian. 

Some of these governments, 
especially in Thailand and In- 
donesia, will increasingly find 
themselves caught between the 
demands of reformers for cuts 
in government spending, tax 
• increases and other austerity 
measures, and the demands of 
discontented workers and the 
poor, die analysts said. 

NEWS ANALYSIS 

‘‘Prime Minister Chao-' 
valit’s political difficulties are 
a reminder Southeast 
Asia’s currency and economic 
problems will have political as 
well ' as economic conse- 
quences,” said Douglas Paal, a 
former White House specialist 
on Asia who heads the Asia 
Pacific Policy Center in Wash- 
ington. “Though each coun- 
try’s politics are different, the 
coming year could be a tumul- 


tuous one far Southeast Asian 
political leaders facing slowing 
economics and pressures far 
painful reforms. 

Those pressures will prob- 
ably be most acute in Thailand, 
Indonesia and the Philippines, 
which have had to turn to the 
IMF and impose tough reforms 
as the price for large interna- 
tional loans. 

“The medicine has been 
paid for but it has to be taken, 
which means there will be fur- 
ther pain ahead,” Kim Too, 
managing director of Nicholas- 
Applegate Capital Manage- 
ment Asia Ltd., said in an in- 
terview with Reuters. 

Many analysts said they ex- 
pected Thailand’s economy to 
barely grow at all in 1997 and to 
go into recession in 1998, 
greatly increasing the number 
of unemployed there. 

Mr. Teo said that because of 
restructuring, the Indonesian 
economy was likely to slow 
sharply to zero to 2 percent 


, this year, instead of the 
to 6 percent growth targeted 
by the government. 

“The finance turmoil and a 
create a po- 
Ive social mix- 
ture in Indo nesia, 1 * Mr. Paal 
said. “The drought and the 
massive fires which have 
blanketed Southeast Asia with 
smog have led to a decline in 
rice production, pockets of fam- 
ine, rising food pices, increas^i 
rural-urban migration and 
growing unemployment- These 
hit the urban poor hardest” 

He said mat die economic 
problems in Indonesia would 
heighten public criticism of 
President Suharto in die ruxHip 
to presidential elections in 
March, providing “fertile 
ground for social unrest.” 

Yet the pressure for real re- 
form will remain intense on In- 
donesia and other Southeast 
Asian countries. 

The major role of private 
capital — whether through 


loans or investments — in 
Southeast Asian markets en- 
sures that every move made by 
regional governments is more 
closely scrutinized than ever. 

“The economies of South- 
east Asia are now closely in- 
tegrated the world’s finan- 
cial marke ts and subject to their 
harsh discipline,” Senior Min- 
ister Lee Kuan Yew of Singa- 
pore said not long before Mr. 
Chaovalit announced Monday 
that he would resign. “To win 
back investors’ confidence. 

will have to re- 
Tbose governments that 
have die political strength to do 
the unpleasant quickly and 
will reap die best 


Mr. Lee said that in today’s 
global markets, which are 
Mnicftd by ingfamt communica- 
tions, policy mistakes could be 
very costly. 

“In nearly every economic 
crisis, the root cause is polit- 
ical, not economic,” he said. 


Thai Turmoil 
Causes King 
To Tall nr 


By Thomas Crampton 

International Herald Tribune 


t BANGKOK — With Thailand mired 

; in political uncertainty. King Bbumibo! 
i Adulyadej’s physician said Thursday 
■ that the monarch had fallen ill due to his 
; concerns about the situation, 
i “His majesty the king has fallen ill 
[ due to his concern over the current polit- 
> ical situation.” said Pradit Charoen- 
j thaitawee, a coronary specialist, during 
t a radio panel discussion. 

“I beg politicians to stop their in- 
fighting and work for the king and coun- 
try’s benefit,” he said. 

Dr. Pradir’s comments came as Thai- 
' land’s political leaders fought over a 
replacement for Prime Minister Chao- 
valit Yongchaiyut, who has announced 
1 his resignation. 

f While political confusion is not new 
; to Thailand, the level of interest outside 
‘ the country is much higher now. 
^Flooded with foreign investment, die 
^economy grew enormously in recent 
-years despite the political infi ghring , 
The devaluation of the'bahthr July 

the region and weighing on currencies 
and stock markets across. Asia. _ 

As Thailand’s politicians struggled to 
j come to terms with the crisis, invest- 
I mem bankers and journalists were act- 
I mg like Kremlinologists, earnestly in- 
i terpreting offhand comments and trying 
to speculate about die real motives for 
various actions. 

“Chuan to Head New Three-Party 
I Coalition,” said a headline in the 
| Bangkok Post on Wednesday morning, 

1 announcing that Chuan Leekpai, the op- 
S position leader, had emerged victorious 

2 from overnight wrangling. 

i The Nation newspaper contradicted 
! that version of events with an article 



RnridntpUd m o^/H—gm 

Chuan Leekpai, an opposition leader, outside Parliament on Wednesday. 


under the banner hairiline; “Chatichai 
Lobbies far Top Job.” Chatichai 
Choonhavan. leader of the second- 
largest party in the government, was 
tipped to take over as mime minis ter, 
according to rumors early in the day, but 
were back on Mr. 


According to other theories, an elder 
statesman would take over or Mr. 
Chaovalit would break hiS word and not 

_ Vt l |. 3 < -rt 

The rumor mills also conjured up 
improbable pacts and alliancesas politi- 
' dans shuttled between party headquar- 
ters, trailed closely by report e rs and 
television crews. 

Part of die difficulty in following 
Thai politics is that parties exist as flags 
of convenience for fiercely independent 
factions. Allegiance is based on bids for 
power or payment, not ideology, so 
political parties frequently break up. 
The Solidarity Party, for instance, with 
eight seats in Parliament, broke- into 
three separate factions just before the 
last election. 

Word from his doctor that the king 
was ill caused stocks and the currency to 


dip immediately, although they re- 
covered later in the day. 

The king has been a pillar of stability 
fin the nation, supporting it through a 
dozen coups, multiple constitutions and 
22 prime ministers since his coronation 
in 1946. 

The seriousness of his condition was 
unclear, but it was certain to focus na- 
tional anger on any politician seen as 
prolonging negotiations: The king' un- 
derwent heart surgery n-few yearaago.* 

He has played a key role in previous 
political crises, most visibly in 1973 and 
1992, when he farced oat military re- 
gimes. 

Even without troops on the streets, 
the transition of power in Thailand has 
rarely been straightforward. After los- 
ing tiie election that was held last 
November, Mr. Chaovalit’ s prede- 
cessor refused to leave office until Pres- 
ident Bill Clinton arrived for a 27-hour 
visit to Thailand. - 

Mr. Chaovalit was finally sworn in 
while Mr. Clinton toured Bangkok, al- 
lowing the U.S. president to greet one 
prime minister and bid a different one 
farewell. 


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International 
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ads work 


China Allows 
Dissident to 
Leave for U.S. 


Roam 

SHANGHAI— A Chinese dissident 
who was released from a labor camp five 
months ago left for the United Stales an 
Wednesday, saying he was taking ad- 
vantage of a wanning in China-U.S. 
relations to avoid another prison term. 

The activist, Bao Ge, said in a state- 
ment one day after the return of Pres- 
ident Jiang Zemin fro m the United 
Stales that the Chinese leader’s visit had 
created a brief climate of tolerance, al- 
lowing him to leave. 

Airline officials said Mr. Bao had 
booted two seats an Air China Inter- 
national’s .Flight 981 to New York via 
Anchorage, Alaska. They said the 
second seat had been booked in the 


_ _ m the middle is to be WmdTo the fea 

Twhoon Fans bmos that he’s actually much closer, to a 
■V Jr™, . . 0 white, almost supremacist, position. 

In Southeast Asia Mr. 0 * 1=110 

- .1 

Taleban Launches 


JAKARTA — Winds from foe 
jn designated Linda have 

ttaeJSSEEZttJ* A Long-Hair Purge 

baring Southeast Asian countries, 
meteorologists said Wednesday. 

The typhoon, which swept through 
foe Gulf of Thailand over the week- 
aid, also caused foe deaths of more 
form 150 people in Vietnam, Cam- 
bodia and Thailand as well as in- 
flicting extensive damage. 

“Typhoon Linda has caused a shift 

in the winds to Southeast Asia," an 
official of Indonesia’s Aeronautics 
and Space Office said. 

“we have recorded surface wind 
patterns running from north to south. 


which fan areas affected by the fires,' 

he said. “Many cities arc covered by 
die smog today.” 

Environmentalists and forestry ex- 
perts said peat fires in Kalimantan on 

Indonesia's side of Borneo Island and 
in S umatr a were major causes of tire 
haa l ti Hfareatening smog, which has 
affected the region for months. Ex- 
perts said south coal seams were also 
on fire. (Reuters) 

Australian Program 
Criticized as Racist 

SYDNEY — Churches denounced 
Australia’s plan to erode Aboriginal 
land rights as racist on Wednesday 
and warned of destructive racial con- 
flicts. 

“We are poised on the cliff edge of 
some of tiie most divisive, destructive 
racial conflicts that we’ve ever seen in 
tins nation,” the Reverend Tim Cos- 
tello, of tire Baptist Union of ^ Victoria, 
said on Australian Broadcasting 
Corp. radio. 

Mr. Costello, foe brother of Peter 
Costello, Australia’s treasurer, said 
Prime Minister John Howard was 
ali g nin g himself with Australia’s ex- 
treme right in foe land rights debate 
and that his position was close to 
“white supremacy.” 

“For the prime minis ter n> say he’s 


KABUL— The Taleban religious 
police have launched a hair-trimming . 
drive, using long knives to shear the . 
heads of dozens of men mtte Afghan 
capital. The Taleban Islamjc rulers 
say shaggy hair goes against foe,. 
framings of Islam. 

S tanding amid a pile of hair at a 
checkpost in western Kabul, a re- 
ligious police official said Tuesday, 
that his unit had sheared foe heads of 

more than 60 men. 

“During prayers their hair could- 
fall overmen- faces, and this is not 
Islamic,” said Abdul Rahim Bazkh-. 
wascy. Members of his unit pulled 
rnenoff buses and bicyclesand forced » 
them to submit to.full or partial hair., 
cuts. ‘ 

The Taleban has banned women, 
from the workplace, shut girls’, 
schools and forced men to grow- 
beards and pray at mosques. (AP)' 

For the Record 

Indian and Pakistani officials’ 
will meet in December to discuss, 
normalizing ties between the two; 
countries, me United News of India 
reported Wednesday from New Del- 
hi. The agency quoted India ’sjunior- 
external affairs minister, Karaala, 


■nil" 1 ' 


Sinha,assa; 
level talks 
month. 


that foreign secretary ; 
be held again next- 
(Reuters ) , 


Gunmen 

Pakistan’s 


attacked a van In’ 
volatile port dty of 
Karachi on Wednesday, killing four- 
persons and wounding nine, ambu-. 
lance officials said. They said the: 
unidentified gunmen opened fire at ■ 
the van in the eastern Khokhraparj 
area and fled. More than 37S people ; 
have been killed in sectarian and- 
political violence in Karachi this year,.! 
compared with about 500 in 1996 and; 
2,000 in 1995. (Reuters) 


“With no guarantees ^for my live- WON: Trouble Loon is for South Korea 

lihood and facing the stern prospect of a * 


return to jail, I have decided to take 
advantage of the brief period of political 
tolerance following me visit of Pres- 
ident Jiang Zemin to the United States,” 
he said in a statement faxed to Reuters 
by afriend. 

active', u3anbers.V7£. J 
moyemenfe^whi^h^bffgely been $i- 
fesiccS tfitpugh jsffingsBr exite.r 
The dissident ‘descHEed tas own de- 
parture as temporary and said he had 
mixed feelings about leaving. He called 
on activists still in China to push fix- 
legal guarantees of press freedoms and 
the right to set up political parties. 

Mr. Bao was released from foe 
Shanghai No. 1 Labor Camp oh June 4, 
foe eighth anniversary of China’s vi- 
olent crackdown on pro-democracy 
demonstrators in Beijing, 

Mr. Bao has called on China’s Com- 
munist leaders to embrace political re- 
forms and to apologize fix- foe crack- 
down. 


Continued from Page I 


Seoul’s $110 billion in foreign debt 
more expensive to repay each time 
e won weakens. As much as $80 bil- 
lion of that debt matures within a year 
■V'inii bahks' teoflre 
dissident lions »of dollars in- bad- loans: 

Comm e rci al, banks, meantime; are 
already: gasping frx capital to finance 
fixeign^cunency assets such as loans to 
South Korean companies. 

Bank executives say they are getting a 
cold shoulder from many of their foreign 
counterparts who, foe South Koreans 
say, are unwilling to lend. 

Making matters worse, rating compa- 
nies have cut the credit ratings of many 
South Korean banks, forcing these in- 
stitutions to pay more when they can 
borrow. 

“We’re having to go for short-term 
funding these days as foreign banks re- 
duce credit lines to us.” said Lee On 
Kyu, deputy manager of the money mar- 



. 3*-: 


■■'■it' 


0 

:* i*. 


INDONESIA: Suharto Son Sues Minister 


\ 


Continued from Page 1 

year term in elections in March. 

“As I see it, this is aimed at dis- 
crediting tite family name so that the 


re-elected again,” he said. 

A lawyer for Mr. Bambang said the 
suit lodged Wednesday asked a Jakarta 
court to overturn the order liquidating 
PT Bank Andromeda. 

Mr. Bambang — whose Bimantara 
group is one Indonesia’s largest con- 
glomerates, with interests ranging from 
petrochemicals and telecommunications 
to newspapers and television, many of 
which require special government li- 
censes — has a 25 percent stake in foe 
unlisted bank. 

Two partners, Prajogo Pangestu, a 
timber tycoon, and Henry Pnbadi, a 
businessman, own the r emaining 
shares. 

Their lawyer, Otto Cornelius Kaligis, 
said Wednesday that the liquidation was 
carried out without any legal basis or 
consultation, when foe owners were 
willing to inject another 350 billion rupi- 
ah ($10 5 million) into die bank, Reuters 
r epo rted from Jakarta. 

Hesaid dial the court was expected to 
set a healing date within a week for the 
Bank Andromeda case. 

“ If Mr. Bambang and his partners win 
their case, there would be a serious un- 
raveling of foe conditions foe IMF at- 
tached to its loans,” said William’ Keel- 
ing, head 
Klein wort Benson securities in Jakarta, a 


kets department at SeoulBank, one of 
South Korea's big seven commercial 
banks. “But a quarter of our lending 
portfolio is longer than three years.” - 
This kind of mismatch is one reason 
that seven of South Korea's top 40 coft- 
Sadd fo ffWft foB** 1 glonJErites, the Kia and iHanbo groups 
among them, went bankrupt this year. 4 

.Banks- and finance companies con)d 
oof afford to keep lending money they 
could not hope would be repaid. 

“The situation is similar at all Korean 
banks,” said B.H. Lee, head of short- 
term money market operations at Hanoi 
Bank, another of South Korea's big sev- 
en. ■.? 

The country might be forced to let its 
weakest banks fail if it turns to foe IMF 
or others for help. ' 

Indonesia this week closed 16 small 

banks to help bolster its financial sys- .'!• 

tem, in exchange for S23 billion in aid 
arranged by foe IMF. 

Three months ago, Thailand pledged I • ^ ■ a 
to cull its finance industry in return for" : % ^ |{» • t 

an IMF-led bailout. J-' 1 - 1 1*11$ 

Lower ratings are already hurting * 

South Korean banks. Last week, 

Moody’s Investors Service cut ratings 
for four banks, including SeoulBank, to 
just one notch above junk-bond status. 

SeoulBank has now doubled its re- 
liance on overnight borrowing to about 
$200 million — or 5 percent of all fund- 
ing. To secure these loans, it pays 120 
basis points more than the London in- 
terbank offered rate — more than six 
times what it cost a year ago. , 

H a n 1 1 Bank, meantime, borrows about 
$300 million overnight, little changed •. 
from a year ago, Mr. Lee said. ; /•*. 

It pays Libor plus 70 basis points for Vi 
the funds. About $2 billion of its $618 
billion total foreign debt ma tures wi thin 
a year, most of it in less than six 
months. 

SeoulBank’s Mr. Lee said that 75 
percent of the bank’s foreign-currency 
borrowing carries a maturity of between 
three months and six months. It is jiBst 
ag " » satisfy a government target that 
naif of a bank’s long-term investment 
Should be funded by long-term borrow- 
ings. * 

“By borrowing short to fund their 
long-term loans, their assets and 11a- 

Mr. Suharto has not commented pub- 

ffsssM'&sssE i4...^intsr^aS . 

■isassisassS 1 *- 5 

The problem could deteriorate since , 
sue* foreign banks as Citibank NA and, j 
Chase Manhattan Cotp. have not shutoff 1 ( 


measures promised u nder the IMF's 
earlier $17.2 billion loans-for-re fo nns 
package in Thaiiand. 

Investors are concerned that this pat- 
tern will be repeated in Indonesia — 
family can be toppled, and indirectly foe Southeast Asia's largest economy and 
president, so that the president won’t be the world’s fourth most populous na- 


tion. 

Analysts said that (he Bank An- 
dromeda court case and the protests of 
his close relatives had tnrneafoe whole 
issue of reform into a critical test for Mr. 
Suharto in foe eyes of foreign investors 
and local businessmen, who often run 
fool of the political favoritism that per- 
meates the Indonesian business worm. 

.Mr. Suharto now appears to be faced 
with tiie choice of either supporting his 
two key reformist officials for the ac- 
tions they took in liquidating foe banks, 
analysts said, or siding with his 
grieved relatives. 

“If he remains silent, it risks sending 
foe wrong signal to investors that the 
whole reform program is not serious 
after all,” a Jakarta-based diplomat 
sa id. 


the banks to be shut down. 

On a visit to Kuala Lumpur on Wed- 
nesday, Mr. Suharto said that he was 
confident Indonesia would overcome its 
economic crisis because die country ted 


credit linn alt 
they want 


because 
re- 


8 altogether, in part beca 

i loans,” said William Keel- strong fundamentals and support wLT? 16 *° *5®“^ long-standing 
of research for Dresdwr the tismScaZi? ^ ™" ‘““'shys Soua 
enson securities in Jakarta, a “Indonesia has been bafov hit bv foe S cer ™ ^ its * 

lany's Dresdner bank group, currency crisis,” said Mr Suharto a 7 k! * r ?f e I ves rose a fracti 

“It foe government. can’t close down year-old former army general ? 530 ,* 5 biUl0n * in pan because 

banks that are badly managed and prob- know and we are trying to overcome tid* waited about $5 billion it had 

ably insolvent, how can it clean op foe to foe best of our ability." “** at commercial banks. 

finsrtrial ewWl” Ua d... a Yet those niimharo 4. ; 


foreign- 
last 


financial sector? 

Probosutedjo. President Suharto’s 
half-brother and another leading Indone- 
sian b usinessman, has also protested; the 
closure of his private bask, PT Bank 
Jakarta, calling foe decision to shut it 

“an outrageous insult” ^ v-enrer m 

• Mr. Probosutedjo has kept the bank Jakarta, said that be did not think that the 
open, defying government orders, with- finance minister or foe central bank gov- 


their support and then assisted us fi- 
nancially.” 

Christian to Wibisono, director of the 
Indone s ian Business Data Center 


out official rebuke or sanctions so for. 

The escalating conflict between mem- 
bers of Mr. Suharto's family and re- 
formist government officials hefoed 
drive foe rupiah lower Wednesday. The 
rupiah fell 25 percent to end at 3,337.5 
to the dollar. 

Political problems have weakened the 


He added that foe reform pro crams Hniw nu f 1 ^ ers do not include 
4 ‘have been agreed upon, aa^folnSp buy ftew ® nin for ' 

atong wife foe World Bank have gjv£, *■»>? ** 

{foKjs of us reserves this way — one 
the government called in foe IMF 

The central bank and foe Ministry of 
^“^iastweekthatforwardcom- 
nutoents were “much smaller” than 
projections and that they would 
CUneBCy ' 

and U fSt? fiv * w «ks of imports 
Umated ^on-term debt exposing 



Ahot would “dare to take action on the 
bank closures without foe biessira” of 
Mr. Suharto. ^ 

Mr. Suharto’s second daughter, Siti 
Hediati Prabowo, has an 8 percent stake 
in another liquidated bank, PT Bank 
IndnstrL She has not commented pub- 
licly so for on the bank closures. 






INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 6, 1997 


PAGES 


\ 


EUROPE 


®onn Judge Rejects Bulk of Slave-Labor Claims 


s 


in /V 






By Alan Cowell 

Wnv York Times Service 

BONN-- In a ruling likely to dim the 
nopes of thousands of surviving forced 
laborers from the Nazi era, a coart here 
rejected most of the claims Wednesday 
of a group of elderly Jewish women 
seeking payment for their slave -labo r 
work at Auschwitz. 

' Out of a total 22 claims, Heinz 
Sonnenberger, the presiding judge, 
aw^ded one claim, equivalent to 
5W,600, to one woman, a former Polish 
citizen who immigrated to Israel in the 
late 1960s, too late to receive com- 


pensation under Germany’s Federal 
Compensation Law. 

Under that law, Germany has paid 
$58 billion in reparations to survivors of 
Nazi persecution. Judge Sonnenberger 
ruled that all the other claimants — now 
living jn Israel. Canada, the United 
States and Germany — bad already re- 
ceived payments under foe compensa- 
tion law as Holocaust survivors. 

The case, which took five years to 
reach a conclusion, had been seen by the 
German authorities as a potential pre- 
cedent for thousands of other survivors 
of the slave-labor system under which 
mil lions of people — many of them 


Jews — were forced to work in grading 
conditions for Goman private compa- 
nies and to sustain Hitler's war effort 
with products such as armaments, 
vehicles, synthetic rubber and fuel. 

While the authorities have insisted 
that claims for com pensati on for slave 
labor itself — as opposed to damage 
caused by injury or incarceration — are 
invalid, Judge Sonnenberger took a con- 
trary view, saying in his ruling that the 
question “is a political issue for which 
lawmakers could find a new ruling.” 

_ The 22 women who brought the court 
case against the current German gov- 
ernment as foe legal successor to the 


By William Drozdiak 

Washington Post Service 

_ BERLIN — A dispute over whether 
Germany should offer Huai nationality to 
children bora here of Turkish and other 
immigrants has intensified a debate 
about German identity and hag 
threatened to split Chancellor Helmut 
Kohl's governing coalition. 

As the only major Western nation t hat 
bases citizenship an bloodlines. Ger- 
many is confronting renewed social and 
political pressure to accommodate a new 
generation of foreign offspring who are 
rebelling against discriminatory treat- 
ment that prevents them from integrat- 
ing into the society where they were born 
and raised. 

Younger politicians from Mr. Kohl's 
Christian Democratic Union and its ju- 
nior partner, the Free Democratic Party, 
have joined opposition lawmakers from 
the Social Democratic Party and the 
Greens to demand changes in citizenship 
laws dating to a 1913 imperial decree. 

But they have been blocked by Mr. 


Kohl and other elderly conservatives 
who insist that Germany must preserve 
its character as “a bastion of Christian 
civilization.” The proponents of change 
support foe idea of granting foe children 
of foreigners dual nationality at birth 
with foe possibility of choosing their 
citizenship at foe age of 18. 

Ax a recent gathering of the Christian 
Democratic youth wing, Mr. Kohl as- 
serted that changing the laws to allow 
dual nationality would open foe 
floodgates to milli on* of other immi- 
grants who would distort foe identity of 
foe German nation. He said foe number 
of Tbrks in Germany would more than 
double, to 4 millio n, stirring criticism 
that Mr. Kohl was fanning xenophobia. 

“I find it absolutely incomprehens- 
ible that the chancellor is taking such a 
strong stand against dual ci tizenshi p,” 
said Hakki Keskin, president of foe 
Turkish ethnic community. “With his 
comments. Kohl is reinforcing preju- 
dices against Turks living in Ger- 
many.” 

Guido Westerwelie, general secretary 


* 1 1 ■’ • 


S.. 


"ii.'/lfclS 







A MiG-298 trainer being readied by ground personnel for air shipment from Moldova to the United States. 

*U.S. Buys 21 MiGs to Block Sale to Iran 

* Moldova Sells Advanced Fighters, Which Can Carry Nuclear Weapons 


o - By Bradley Graham 

• Washington Post Service 

WASHINGTON — The United 
tS cates secretly purchased 21 advanced 
.lighter jets from foe former Soviet re- 
public of Moldova last month in what 
. .Pentagon officials said was a move to 
deny foe aircraft to Iran. 

Many of the high-performance MiG- 
- .,29 aircraft are capable of delivering 
nuclear weapons, foe officials said. 
V. Moldova informed foe United States 
■ ; that Iran had expressed interest in buy- 
ing foe aircraft and had sent inspectors 
•to look them over. 

Over foe last two weeks, U.S. crews 
--partially dismantled foe jets in Moldova 
■Jand flew foe components in giant US. 

, C-17 transport planes to an air force 

' iiase near Dayton, Ohio, where they are 
iio be reassembled. . . . 

. “We're taking them out of the hands 

"of those who otherwise might acquire 
them,” Defense Secretary William Co- 
; «ben said at a news conference Tuesday 
.At foe Pentagon. . _ 

■ : • ‘ We will obviously study the aircran 
"for our own, you know, national se- 
.";c'urity purposes, because this 

, aircraft could very weU end up m foe 

shands of other rogue nations. 


.MiGs in lie past, 1 
.planes are more-modem v moaeis 
it What were not in foe U.S- inventory, nor 
\ r '.in Iran’s, defense officials ad. Stx. are 

..“A* ‘ models and one is a B model 

, ln fo e addition to the aircraft, foe 
: included delivery of more than 5W so- 


viet-made air-to-air missiles, none nu- 
clear. Moldova has no atomic 
weapons. 

The deal marked foe second reported 
time since the Soviet Union's collapse 
in 1991 that Washington has bought and 
spirited to the United States assets that 
once belonged to foe Soviet nuclear 
arsenal 

.Three years ago, U.S. nuclear en- 
gineers and military personnel were sent 
m KflyglchRmn to take from a poorly 
guarded warehouse enough highly en- 
riched uranium to manufacture 25 nu- 
clear weapons. 

Terms of foe sale require foe U.S. and 
Moldovan governments to keep the 
price confidential, but U.S. authorities 
could not hide their enthusiasm for foe 
relatively low price they paid. 

Several sources familiar with foe de- 
tails said the cash to be transferred from 
foe United States to Moldova was less 
than $50 million for all the planes, al- 
though the deal includes other forms of 
compensation, officials said. 

"we are going to be in position to 
assist Moldova,” Mr. Cohen said, citing 
foe likely prospect of increased human- 
itarian aid and foe probable delivery of 
used U.S. military equipment from 
stockpiles. 

Mr. Cohen commended the leaders of 
Moldova for their “visionary ap- 
proach” and said the agreement “con- 
tributes to foe enhanced climate of trust 
in relations between Moldova and the 
United States.” 

The Russians received notification of 
foe deal on Monday, according to ad- 
ministration officials, who said foal 


word was passed to Moscow by the 
Moldovans. 

A hilly agricultural country, Moldova 
served during foe Cold War as a stra- 
tegic Soviet military stronghold on the 
edge of foe Balkans. The country has 
managed a relatively stable transition to 
independence, with foe exception of foe 
hard-line communist enclave of Trans- 
Dniester, where Russian-speaking 
Slavs have pressed — with Russian 
Army support — for separate rule. 

According to defease officials who 
briefed reporters on how the deal un- 
folded, foe United States became aware 
of foe availability of foe MiGs and 
Iran’s interest in them toward the end of 
last year. Iran has about 30 of the less- 
capable model * ‘A* * MiG -29s, many of 
which came from Iraq, which parked foe 
planes in Iran to avoid U.S. bombing 
daring the Gulf War in 1991. 

U.S. negotiations with Moldova 
began in February, and at one point 
envisioned foe purchase of all 27 MiGs 
in Moldova’s possession. The agree- 
ment for foe 21 was signed Oct. 10. The 
remaining six model “Cs” are in a 
neighboring country “being main- 
tained," U.S. officials said, and Mol- 
dova plans to sell them to another buyer 
not considered a rogue state by the 
United States. 

Defease officials said it was cheaper 
for the United States to transport all the 
MiGs to this country rather than destroy 
many of them in Moldova. The planes 
were carted across foe Atlantic rather 
than flown by U.S. pilots because of 
uncertainty about foe safety of foe air- 
craft, officials said. 


\ 

Famous Napalm Victim Named JtmbassaiioT 


The Associated Press 

PARIS — The image is unforget- 
lable: a 9-year-old Vietnamese girl 
screaming in agony and terror as ste 
runs naked from her village under nap- 

an. and she has been named a goodwill 

"£TS£f SSE Ed,—), 


“spread a message on the need for 
reconciliation, mutual understanding, 
dialogue and negotiation.” 

On June 8, 1972, bo- village of 
lYang Bang came under a fierce at t ack 
from South Vietnamese bombers. 

Two of Miss Kim Phuc’s younger 
brothers were killed; she and a dmd 
brother were badly burned. Nick Ut, 
The Associated Press photographer 
who took the picture of her and her 
brother screaming in horror, rushed 
her to a hospital, where she spent 14 


months recovering from the third-de- 
gree bums that covered half her body. 
The photo was awarded a Pulitzer 
Prize. 

“Kim Phuc is a living symbol 
throughout foe world of the atrocity of 
war,” said Unesco’s director-general, 
Federico Mayor. “These honors must 
transform themselves into a symbol of 
reconciliation worldwide.” 

Miss Kim Phuc's nomination cer- 
emony is to take place Nov. 10 m 
Paris, where Unesco is based. 


Germany Agonizes on Dual Nationality 


of foe Free Democrats, accused Mr. 
Kohl of nwb'ng “misleading fac- 
tually inaccurate statements ’"about foe 
impact of foe proposed reforms. He 
noted that other European countries did 
not have a huge influx of foreigners 
when they made it easier for them to 
become citizens. 

Germany plays host to a greater num- 
ber of immigrants than any other country 
in Europe. More than 7 million for- 
eigners, or 9 percent of foe, population, 
have settled here and started to transform 
the country — against foe wishes of its 
political leaders — into a multicultural 
society. They include Russian Jews, war 
refugees from Bosnia-Herzegovina and 
more than 2 million Turks. 

But Germany also enforces the most 
restrictive citizenship requirements 
among foe Western democracies. 

The law grants automatic citizenship 
to those of German parentage, but makes 
it extremely difficult for foreigners and 
their children to acquire a German pass- 
port even if they were born and raised 
here. 


Nazi regime originally came from Hun- 
gary and Poland and had been forced to 
work at foe Union Werke munitions 
plant, part of the Auschwitz complex of 
death camps and factories. Fees for their 
work were paid to the Nazi SS, which 
consigned mem to assembling artillery 
fuses and detonators at foe munitions 
plant 

They were represented in Germany 
by Klaus von Muenchhausen, a college 
lecturer who espoused their cause after 
meeting one of them during a vacation 
in Israel 12 years ago. 

Mir. von Muenchhausen, who said he 
would appeal foe new ruling, maintains 
that 30.000 former slave laborers have 
never received compensation. Since the 
current court proceedings opened, two 
of foe 22 claimants, all in their 70s, have 
died. The claims they made were for as 
much as $39,000 each. 

By the end of World War II. Albert 
Speer, Hitler’s armaments minister, had 
named the slave-labor system into a 
brutal colossus employing at least 7 
milli on people. 

Mr. Speer and some German indus- 
trialists, Including the steel magnate Al- 
fried Krupp. were sentenced at the 
Nuremberg war-crimes tribunal for us- 
ing slave labor, and the issue has re- 
trained contentious in the postwar era, 
with some hugely successful companies 
paying out only modest reparations and 
others paying nothing at all. 

Union Werke, foe company the 22 
women worked for, went bankrupt in 
1994. 

Both the successors to the big war- 
time companies and the German gov- 
ernment insist that they have paid 
enough. 

Only last month. Siemens AG, which 
had a profit of 2.5 billion Deutsche 
marks ($1.45 billion) in its 1996 fi- 
nancial year, said it would countenance 
no further claims. 

A government statement issued 
Tuesday in reply to a parliamentary 
question restated Bonn's rejection of foe 
women's claims. 

“Due ro foe vast range of damages, 
all German governments and legislators 
knowingly limited compensation for 
Nazi injustice to compensation for of- 
fenses and their results which are sei out 
by law,” foe government said. 

“The existing rules do not foresee 
compensation for forced labor itself, but 
they do recognize damages for incar- 
ceration, damage to health and damage to 
professional life,” the statement said. 

“The system of reparations was de- 
signed carefully lo fit together and take 
into account foe severity of the offenses 
and their consequences.” it said. 

In recent months, international atten- 
tion has focused less on the Nazis them- 
selves than on those who did business 
with them, particularly Switzerland. . 


:lf- 


Italian Vote Is Set 
Over Bank Merger 

ROME — The Italian government 
called Wednesday for a lower-house 
confidence vote on legislation cov- 
ering employment regulations for foe 
Sicilian bank Sicilcassa. 

The Sicilcassa bill is tied to a com- 
plex salvage operation that involves 
merging foe debt-ridden bank into 
Banco di Sicilia. 

The bill, which expires Saturday, 
has already been approved by the 
Senate. The confidence motion, ex- 
pected to be approved Thursday af- 
. lemoon. is designed to avoid amend- 
ments and make sure the bill is voted 
on before foe expiration. /Reuters) 

Basques ’ Prosecutor 
Seeks 22-Year Term 

MADRID — The trial of 23 lead era 
of a political coalition linked to the 
Basque Homeland and Liberty sep- 
aratist group ended Wednesday with 
foe prosecution demanding sentences 
of up to 22 years for charges that foe 
accused collaborated with the group. 

In foe Supreme Court case, the first 
of its son in Spain, the executive board 
of Henri Batasuna was accused of co- 
operating with the armed group by 
using one of ETA's videos during foe 
coalition's 1996 election campaign. 

Two statements issued by Herri 
Batasuna following two killings by 
ETA were also introduced os evi- 
dence. (AP) 

Gorbachev Extends 
Swiss Hospital Stay 

BERN — Mikhail Gorbachev has 
extended a stay in a Swiss hospital 
after doctors found an “abnormality" 
during a check-up. but bis spokesman 
said Wednesday. “There is no reason 
to worry.” 


Mr. Gorbachev, 66. entered foe 
Bern hospital Tuesday for a check-up 
that should have lasted a day, said 
Roland Wiedcrkehr, executive direc- 
tor of foe Swiss branch of Green 
Cross International. “The doctors 
found something that wasn’t nor- 
mal," he said, declining to give de- 
tails on privacy grounds. “They said 
another day of tests was necessary. 

In Moscow, foe spokesman for Mr. 
Gorbachev said tha t the former Soviet 
leader had long planned ro have a 
problem with skin allergies checked 
in foe Bern hospital. (AFP) 

Ireland Kingmaker 
Quits as Labor Chief 

DUBLIN — Dick Spring, the Labor 
Party leader who was once foe con- 
fident kingmaker in Irish politics, said 
Wednesday that he would resign fol- 
lowing a year of decline and defeat. 

“It is time to pass on the baton,” 
said Mr. Spring, 47, who led foe third- 
largest party in Ireland for 15 years 
and served as deputy prime minister 
in three governments. 

Mr. Spring said he would formally 
resign Friday but continue to represent 
his native Tralee in Parliament, i AP 1 

Mafia Trial Begins 
For Berlusconi Aide 

PALERMO. Sicily — Former 
Prime Minister Silvio Berlusconi's 
closest adviser went on trial Wed- 
nesday on charges of colluding with 
the Mafia since the 1970s. 

The aide, Marcello Dell 'Uni, was 
foe man behind Mr. Berlusconi's entry 
into politics in 1 993, the creator of his 
Forza Italia party and a leading figure 
in his holding company Fininvcst. 

Mafia turncoats have accused Mr. 
Dell’Utri of meeting clan bosses in 
Sicily to negotiate an end to arson 
attacks in 1991 on supermarkets 
owned by Fininvest The company 
has denied any such meeting. \AFP\ 


2 Fined in France Over Bomb-Site Photos 


Reuters 

PARIS — A court here has sentenced 
a news photographer and an emergency 
medical worker for secretly taking pho- 
tographs at foe scene of a 1995 bomb 
attack in Paris by suspected Islamic 
fundamentalists, justice sources said. 

The photographer, Christian Mou- 
chet, and Alain Petitgas were given sus- 
pended pjjson terms Tuesday of eight 
and six months and fined 80,000 and 


10,000 francs ($13,900 and S1.73Q) re- 
spectively on charges of violating pro- 
fessional secrecy. 

The court was told that Mr. Mouchet 
handed his camera to Mr. Petitgas, a 
friend he spotted arriving with a rescue 
team, and asked him ro take photos on 
the platform of a subway station where a 
bomb had just exploded, wounding a 
dozen people. The police had barred 
journalists from the station. 


U.S. Threatens Sanctions Over EU Ban 


Ctmfiird tf On Stuff Ftrmi MfWfrAn 

BRUSSELS — The European Un- 
ion could set off a trade war if it pro- 
ceeded with plans for a ban on Amer- 
ican products containing animal 
materia] believed to transmit “mad 
cqw” disease, a senior American of- 
ficial warned Wednesday. 

The official. Stuart Eizenstat, un- 
dersecretary of state for economic af- 
fairs, said the EU's proposed ban on all 
products containing “specified-risk 
material," like foe spinal cords, brains 
and eyes of animals, represented a 
threat to trans-Atlantic trade relations. 

The ban on foe materials, agreed by 
EU governments in July and scheduled 
to take effect on Jan. 1, would have a 
“very significant," impact on S14 bil- 
lion worth of trans-Atlantic trade in 
pharmaceuticals, medicines and cos- 
metics, Mr. Eizenstat said. 

Unless an exemption to foe ban can be 
made for U.S. companies, Washington 
will have do option but to impose re- 


taliatory sanctions. Mr. Eizenstat said. 

“We cannot stand idly by while 
billions of dollars of products that are 
absolutely safe cannot come in” to foe 
European Union, he said. 

Washington has threatened to make 
a formal complaint to the World Trade 
Organization unless foe EU changes foe 
regulation before foe ban takes effect. 

“The clock is ticking away," Mr. 
Eizenstat said, noting that foe two sides 
had less than two months to reach a 
solution. 

Mr. Eizenstat said foe exemption to 
foe ban was justified on foe grounds that 
there had never been a case of “mad 
cow" disease, or bovine spongiform 
encephalopathy, in the United States. 

But Hans Beseler, foe head of the 
European Commission's external eco- 
nomic relations directorate, said foe 
waiver would not be accepted by foe 
scientific committees that make EU 
policy in this field. 

While America has not had any cases 


of the disease, it has had cases of related 
brain-wasting diseases in other anim- 
als, like sheep, Mr. Beseler said. 

He also said foe United States could 
not expect to be declared free of the 
disease as long as it had not outlawed 
the use of ground-up animal remains in 
feed — a practice that is believed to 
have led to foe epidemic of “mad 
cow” disease in British cattle. 

The EU official acknowledged that 
foe economic stakes involved in foe 
dispute were “enormous,” and said 
the commission was looking at pos- 
sible compromise solutions that would 
allow foe United States to continue 
exporting tallow and gelatine to 
Europe. 

Mr. Eizenstat also said foe proposed 
ban on high-risk material would lead to 
shortages of certain drugs and serums 
in Europe because companies would 
not have access to the raw materials. 

“This is also a health problem for 
Europe,” be said. (AFP. Reuters) 



Clearly you are. Thu tell us in our 
1996 Reader Survey that collectively 
you take over 5 million air trips in 
a year and that individually you 
average eleven on business. 

Tbu're obviously very worldly 
people, and you choose to spend an 
illuminating half hour of your day 
staying that way via the IHT 

For summaries of the surveys from 
which these facts are taken, please call, 
in Europe, James McLeod on (33) 1 
41 43 93 81; in Asia, Andrew Thomas 
on (65) 223 6478; in the Americas, 
Richard Lynch on (212) 752 389a 





THE WORLD’S 
DAIiy NEWSPAPER 






INTERNATIONAL 


Iraq Tugs at Gulf War Alliance 

Saddam’s Durability Prompts Calls for a Viable Long-Term Policy 


By Steven Erlanger 

New York Tima Service 

WASHINGTON — The simple act of 
seeding a United Nations delegation to 


said Tuesday as he warned Mr. Saddam 
that firing on U-2 spy planes over Iraq 
“would be a big mistake." 

But in the background of this latest 
crisis, Western diplomats say, is the 


They agree that Mr. Saddam misread 
that disagreement and overreached, 
driving the Security Council members to 
emphasize their solidarity. 

But there was a price for that show of 



meet with President Saddam Hussein of frozen nature of American policy toward unity, officials say: France and Russia 
Iraq during the crisis over arms inspec- Iraq, which has changed little since the cot Washington to agree to a British idea 









Iraq during the crisis over arms inspec- 
tions reflects a fact that troubles Amer- 
ican officials: The Gulf War coalition is 


Iraq, which has changed litde since the got Washington to agree toa British idea 
end of the Gulf War, when every official to send the three-member UN delegation 
expected Mr. Saddam to fall within six to Baghdad to allow Mr. Saddam a 

__«i p: - <• 1 . a I 1. J. . ..... IF . 


fraying after more than six years of months. Six years after that, America’s chance to back down, even if Wash- 
sanctions. European partners, except for Britain, ington successfully argued against in- 

U.S. policy rejects negotiation with are suffering what the American offi- eluding a Russian diplomat as part of the 
Mr. Saddam and demands that he stick to cials call “sanction fatigue" — France team. 

the rules laid down by the coalition in and Russia most vocally — and are American officials also now acknowl- 
1991. The members of the UN dele- calling privately for a more coherent edge that when the nrisrion returns to 
gallon therefore have promised not to medium-term strategy for Iraq. report next week, there are actions short 

negotiate with him and instead to do- While Washington is refusing to ease of military responses that arc likely to be 
mand “full cooperation'’ with the up on sanctions until Mr. Sad dam him taken. These include the travel sanctions 


ington successfully argued against in- 
cluding a Russian diplomat as part of the 
team. 

American officials also now acknowl- 


negotiate with him ana instead to do- While Washington is refusing to ease 
mand “full cooperation'’ with the up on sanctions until Mr. Saddam him 
United Nations. . 

Bat senior American officials and NEWS ANALYSIS 

European diplomats said they hoped 

nonetheless that the mission would find self is gone, America’s allies are arguing 
a face-saving gesture to allow Mr. Sad- that he has proved to be a survivor who 
dam to change his mind and defuse this could be in power for 10 mote years, 
crisis — a reflection of differences in This, they say, makes the current policy 
tactics between the Americans and otb- unsus tainable . 


era in the coalition, who have more faith 
in negotiation in the longer run. 

“We are prepared to go the extra mile 
diplomatically if that makes other coun- 
tries take firm action, if necessary. 


“On both Iran and Iraq, American 
policy is frozen and crystallized,” a se- 
nior French official said. “But life is 


aq. report next week, there are actions short 

ising to ease of military responses that are likely to be 
►addam him taken. These include the travel sanctions 
and a suspension of last year’s sanctions 
[IS exemption, which allowed Iraq to sell 

some oil on the world market as long as 

iarearguing the proceeds from the sales were used to 
irvivor who buy food and medicine, 
more years. These options were discussed Mon- 
xrent policy day at the White House by Mr. Clinton 
and his national security team. Officials 
, American said the whole drama could play itself 
ized,” a se- out “over a number of weeks.” 

‘But life is There is a general allied reluctance, 
ses, and cir- shared in Washington, to rush to respond 
axe building with force. If Mr. Saddam absorbs an 





Mayor Rudolph GuiBanl celebrating his re-election in New York by taking a ride on a bus on Wednesday. 

VOTE; Republicans Make Resounding Gains in Key 1/.5. .Races 


diplomatically if that makes other coun- constantly moving, time passes, and cir- shared in Washington, to rush to respond 
tries take firm action, if necessary, cmnstances change. And we are building with force. If Mr. Saddam absorbs an 
later,” said James Rubin, the State De- oceans of hatred in Iraq, among ordinary attack and does not back down, officials 
partment spokesman. “But it’s true that people who are suffering, that will out- say, there must be an agreed willingness 

I**- knn1 V I P.JJ •• 1 n AA~T " 


it’s harder and harder to sustain support last Saddam.” 

as memories of the Gulf War fade. And He and other officials assent that the 
because people know at the end of die Security Council is united on major as- 
day they can count on the United States pects of how to view this crisis: that Mr. 
to defend the world’s interests versus Saddam is a dangerous dictator, that he 
Iraq, it’s often easy for them to express mnst be stopped from retaining weapons 
tactical differences.” of mass destruction, that he cannot be 


lam.” “to go up the escalatoiy ladder.” 

d other officials assent that the Although that could produce argu- 
Conndl is united on major as- ments that would crack the alliance’s 
how to view this crisis: that Mr. newly refound solidarity, American of- 
is a dangerous dictator, that he ficials insist, “we'll go to the Security 


tactical differences.” of mass destruction, that he a 

In trying crudely to separate Amer- allowed to flout the United Nati 
icans foam their allies, Mr. Saddam has pick and choose among inspectors 
instead pushed the Security Council’s that he misreads arty slight flexibili 
members into an effort to work in com- fissure in die Western position. 


must be stopped from retaining weapons Council and seek something and do all 
of mass destruction, that he cannot be we can to keep as many countries on 
allowed to float tee United Nations or to board as we can.” Bnt “being tee 
pick and choose amo ng inspectors, and United Stales,” the official said, “we 


Continued from Page 1 idency, which V99S will be. . 

The Republican national chairman, Jim 
Inc umbents of bote parties prevailed Nicholson, predicted that an anti-tax mes- 
in most mayoral contests, led by Mayor sage teat gave the party a boost in Virginia 
Rudolph Giuliani of New York, who could be used effectively nationwide next 
became oily the second Republican in year. “The message is: Study Virginia 
60 years to gain a second t erm in that and emulate it and effectively develop 
strongly Democratic city. Strong urban your ideas on cutting taxes and improving 
economies and declining crime rates ap- education,'’ Mr. Nicholson said. “This 
peared to be key factors in New York, race in Virginia will be a model.” 
Cleveland, Detroit and other cities. Mr. Gilmore had promised to phase 


ibility or might have to act’ 


mon as they press him to comply with 
UN resolutions requiring his cooper- 
ation with UN disarmament monitors, 
no matter what their nationality. U.S. 


But U.S. officials acknowledged teat 
there were tactical differences, mainly 
that the allies are much more reluctant to 


In the longer term, European officials 
warn that, as one said, “we need an exit 
strategy, a road map for Iraq, too.” Or- 
dinary Iraqis are suffering from exten- 


nse force than Washington and much ded sanctions, this official said. 


officials and their allies bote emphasize more eager to explore long-term incent- 
that no option is ruled out, including ives to get Mr. Saddam to behave. 


“If he has nothing to hide, if he’s not tion in the Security 
trying to develop weapons of mass de- France, Russia, G 
stniction, then he shouldn’t care whether from a threat to 
Americans or anyone else are on tee tions on Iraqi offi 


Those differences explain the absten- and tee Arab pe< 
tion in the Security Council on OcL 23 of United States and 
France, Russia, China, Egypt and Kenya Iraqi oil cannot 
from a threat to impose travel restric- off tee world mar 
tions on Iraqi officials if they continued prices creep up, : 


even if tee responsibility rests with Sad- 
dam, as tee Americans argue, tee Iraqis 


Gev eland, Detroit and other cities. 

Democrats said tee special congres- 
sional election in New York, held to 
determine a successor to Susan Mo- 
linari, who had resigned her seat for a 
career in television, was largely decided 
by an expensive ad campaign paid for by 
tee Republican National Committee. 

Across tee country, tee Republican 
National Committee outspent tee Demo- 
cratic National Committee by roughly 


Mr. Gilmore had promised to phase 
out an unpopular state tax on cars and 
trucks. Most voters surveyed at polling 
places called taxes tee top issue, ana 
those who saidso voted overwhelmingly 
for Mr. Gilmore. 

Ralph Reed former director of tee 
Christian Coalition, said of Mr. 


Mr. Giuliani defeated Ruth Messinger. j 
tee Manhattan borough president, by 57} 
percent to 41 percent, m a city where* 
registered Republicans ate outnumbered J 
5-to-l by Democrats. New York’s rate of 
serious crimes has fallen 44 percent since 
Mr. Giuliani was elected mayor in 1993. 
and the city has enjoyed a tourism boom. 

Also re-elected Tuesdaywere Mayors ■ 
Dennis Archer in Detroit, Thomas ^ 
Murphy in Pittsburgh and Sharon Soy les 
Belton in Minneapolis. Ail are Demo- 
crats. 

In Boston, Mayor Thomas Menino, a 
Democrat, was re-elected: he was the 
first incumbent in city history to face no 
opposition in the general election. 

Mayor Bill Campbell of Atlanta will 


and tee Arab people are blaming tee $5 milli on to $ 1 million, more than twice 
United States and the West” tee usual gap between tee parties. The 


inspection team,” President Bill Clinton to impede UN weapons inspections. 


lited States and the West” tee usual gap between tee parties. The gubernatorial candidate m New Jersey, 

Iraqi oil cannot and should not be kept Democrats were hampered by debt of showed teat tee issue was not exclus- 
eff tee world market forever, as energy $15 million, and campaign finance scan- ively a Republican one. He narrowly 
nrices creep up, another European of- dais have hurt their fund-raising efforts, missed riding voter ire over tee state s 
iai said. -They also face substantial legal bills in high property tax and auto insurance 

connection with those scandals. rates to victory. Same Democrats por- 


Gilmore’s victory: “Taxes are back, and face a runoff election against Marvin] 
they are back with a vengeance. Abol- Arlington, the City Council president,* 
ishing the car tax was political nranoa.” and Mayor Joe Caro Ho in Miami wiU! 

But Mr. McGreevey, tee Democratic face & runoff against Xavier Suarez, aj 
gubernatorial candidate in New Jersey, former mayor. I 


prices creep up, another European 
ficial said. 


IRAQ: Saddam Uses Inspections Pause to Hide Evidence, UN Told had taken to tee campaign trail to stump 

1 for Democratic candidates in New Jer- 

Continued from Page 1 make an end-run around tee council and ident through Congress. sey. New York and Virginia. 

~ tee c ommissi on by persuading him that In tee last two days, Iraq won Mr. If Democrats have dmficuhy narrow- 

General Kofi Annan after several tele- Baghdad has a right to be heard in New Annan’s approval to send Mr. Aziz to ing the spending gap, it could spell trou- 


General Kofi Annan after several tele- 
phone conversations with Iraq's deputy 


make an end-run around (he council and 
tee c ommissi on by persuading him that 
Baghdad has a right to be heard in New 


ing tee spending gap, it could spell trou- 


prime minister, Tariq Aziz. Mr. Butler diplomatic mission now in Iraq but lacked 
later ordered a resumption of the fligh ts, tee necessary unity on the Security Coun- 


York. The Unicoi Stales opposed tee New York early next week with a request ble in tee elections next year. 


beginning Monday. 

There is a sense of disquiet teat tee 
secretary-general, who proposed send- 
ing a diplomatic mission to Baghdad fn 

try to persuade tee Iraqi government to 


cfitostopiL 


to speak to the Security Council. The 
request is expected to generate biffin de- 
bate among council members. The Brit- 


This is very bad news for Demo- 


ively a Republican one. He narrowly headed the country's fight aga 
missed riding voter ire over tee state's drugs, will face Rob Mosbact 
high property tax and auto insurance nessman, in a December n 
rates to victory. Some Democrats par- Brown hopes to become the 
(rayed the close loss as a moral victory, black mayor. 

Ms. Whitman’s 30 percent cut in state On closely watched ball 
income taxes had gained her initial favor voters favored the status quo. 
with New Jersey voters, but Mr. Me- Washington voters defea 
Greevey persuaded many that those cuts proposals advocating tight gi 
had led to higher local property taxes. tions, new workplace protectii 

Ms. Whitman had also been kept on - mosexuals, and tee legali 
the defensive by critics in tee Christian marijuana for medical use. 


crats,” said Alan Lidmnan, a specialist Coalition and other conservative groups, 


“This is Kofi Annan's moment of ish and the Americans say there is noth- 
truth,” said Ruth Wedgwood, a senior ing toriiscuss. The Russians, the French 


in presidential politics at American Uni- 
versity, in Washington. “The Repub- 


fellow at .tee Council on Foreign Re- 'and ter Egyptians 
latioos who specializes in tee United interests in Iraq, 


v ail wiffi commercial 
want to be more ac- 


reverse its order against the Americans Nations. “This isteetimeto stand up for commodating. 


— and to withdraw its demand that 
flights of U-2 spy planes in support of secretary-general’s offer to negotiate is 
the inspectors be halted — has given the an attempt to evade the authority of tee 


tee Security Council’s authority. But tee 


Iraqis a great deal more room for ma- 
neuver than tee rules permit. The feeling 
is shared by some high-ranking officials 

ill the Clint on adminis tration 


inspection system. 

Ms. Wedgwood, who is also an expert 
in international law at tee Yale Law 
School, said that this gesture to the Iraqis 


Under a cease-fire after tee 1991 Gulf was a * ‘profound error’ ’ teat would af- 
War, Iraq was put under stria and com- feet tee secretary-general’s reputation, 
prehensive surveillance until all its Several diplomats added that if the 
weapons of mass destruction, biological, gamble did not pay off, the appearance 
chemical, nuclear and missile systems, of giving ground to Mr. Saddam would 
were destroyed and tee country had no cost tee United Nations more problems 
capacity to manufacture replacements, in Washington, where relations with 
Mr. Buder's commission, set up by tee Congress are at a low. 

Security Council to carry out mat task, There are also concerns here and in 


On Wednesday, Mr. Aziz met with tee 
three diplomats sent to Baghdad by Mr. 
Annan: Lakhdar Brahimi, a UN official 
from Algeria; Emilio Cardenas, a former 
envoy of Argentina to tee United Na- 
tions, and Jan Eliasson, a Swedish For- 
eign Ministry official who was once a 


beans’ coffers artJpverflcrwing, and the 
Democrats are broke.” 

All 435 seats & tee House of Rep- 
resentatives? as wefl 'as~!$& Senate seats 
and 36 governorships, will be at stake 


who said they would rather see a Demo- 
crat elected than have an abortion-rights 


the; advocate re-elected. • 


In Houston. Lee Brown, who oncel 
headed the country's fight against illegal j 
drugs, will face Rob Mosbacher, a busi-t 
nessman, in a December runoff. Mr. J 
Brown hopes to become tee city’s first; 
black major. ’ ‘lt M 

On closely watched ballot issues,*'! 
voters favored the status quo. t - 

Washington voters defeated ballot I 
proposals advocating tight gun restric-] ., .. 
tions, new workplace protections for ho-j 
mosexuals, and tee legalization off 
marijuana for medical use. J 

In Houston, voters decided to main-! 
tain the city's affirmative action policy,) 
a result Mr. Clinton said he was “pro-* 

: foundly grateful." It waxteeffrst vote} 


With such social issues continuing. to i on tee. issue: since die Supreme Court 


divide the Republican Party and high- 
lighting its ; comparative weakness 
among women voters, Ms. Whitman’s 


next November. The party holding the narrow victory was a bittersweet one for 


White House usually loses congression- 
al seats in such midterm elections, par- 
ticularly in tee sixth year of a pres- 


Republicans. It pointed to continued 
friction between the party’s moderate 
and far-right factions. 


declined this week. to. consider a chal-j 
lenge to an anti-affirmative action issue! 
approved by California voters. \ 

Navajo Indians in New Mexico, Ari-J 
zona and Utah voted down a measure to* 
allow casinos in tee country’s largest] 
Indian reservation. } 


mutation. Alter their first meeting Wednesday, PRIZE: Ig Nobels Skewer Science’s Most Improbable Research 

that if the Mr. Brahimi, tee team leader, said in ° 1 


Mr. Brahimi, tee team leader, said in 

Baghdad that tee atmosphere had been Continued from Page 1 
“very nice” and that the- Iraqis had 

expressed their views while accepting a tinez, an Atlanta food distrib- 
letter from Mr. Annan. More meetings utor, had just received tee nu- 
will follow. A few days ago, UN of- trition prize for importing 


believes Iraq is still harboring the ele- Washington teat Mr. Saddam will de- 


There are also concerns here and in finals were saying that there was noth- 


ments of a deadly germ warfare arsenal 
and perhaps poison gases, as well as tee 


lude himself teat tee position of tee 
United States at tee Security Council is 


rudiments of a missile system to launch weak, and will take some reckless step 
those prohibited warheads. teat will provoke American firepower. 

Critics of the secretary-general say that Neither Mr. Annan nor Bill Richaxd- 

Mr. Annan has allowed Mr. Saddam to son, tee chief U.S. representative at tee 


Hussein’s Role 
Strengthened in 
Jordan Election 


The Associated Press 

AMMAN, Jordan — King Hus- 
sein is assured a free hand to run the 
affairs of his nation and pursue 
peace with Israel after loyal tribal 
leaders defeated Muslim fundamen- 
talists in parliamentary elections. 

With the vote count complete 
Wednesday, tribal chiefs, many of 
teem centrists, won 68 seats in the 
80-member lower house. Independ- 
ent fundamentalists and their leftist 
allies won only 12 after a major 
Islamic party boycotted the vote. 

All 17 women among tee 524 
candidates lost. 

Among tee victors was Mansour 
Seifeddine Murad, a former guerrilla 
who was jailed in Greece for a 1969 
hand grenade attack on the Athens 
office of Israel's El AI airline that 
killed a child. He was freed in 1970 
in exchange for 55 hostages aboard a 
hijacked Olympic Airways jetliner. 

The results of Tuesday’s vote 
strengthened King Hussein's rule 
and dealt a severe blow to tee fun- 
damentalists and leftists who op- 
pose his pro- Western style and his 
1994 peace treaty with Israel. 

“I promise tee people teat I will 
serve this country and its leader- 
ship,” said Abdullah Aqayleh, a 
leader of tee Islamic Action Front 
who was dismissed for ignoring his 
fundamentalist party’s boycott of 
the elections. He is also a tribal 
leader with loyalty to tee king. 

The vote was for the lower house. 
The 40-member upper house is ap- 


has mare powers than most Arab 
legislatures. It adopts laws and can 
unseat governments. But tee king 
has tee power to veto its actions, 
dissolve it and rale by decree. 


Neither Mr. Annan nor Bill Richard- 
son, tee chief U.S. representative at tee 
United Nations, are in New York. Mr. 
Annan left Tuesday for a six-day trip to 
Latin America to discuss UN reform and 
make ceremonial appearances. Mr. 


mg to negotiate in Baghdad. Mr. Saddam $300 a pound, it may be tee 
was in violation of UN agreements, they most expensive cup of coffee 
said, and had to comply. in the world. It is made from 

With less than a year in office. Mr. coffee beans eaten and teen 
Annan has established a reputation as a excreted by tee luwak, also 
conciliator willing to take on intractable known as tee palm civet, a 
problems, even at considerable political marsupial native to Indonesia, 
risk to himself. 

“He’s an accommodator,” said . 

Stephen Schlesinger, director of tee T?T* A m u n i 

World Policy Institute at teeNewSchool F JiAll XjFjZ laUtS KeSUmed 


Continued from Page 1 (For tee record, the critter sup- 

posedly eats only tee ripest 
tinez, an Atlanta food distrib- and best coffee berries, and 
utor, had just received the nu- tee beans pass through rea- 
ction prize for importing sonably intact) 

Luwak Coffee.- At $200 to “We had five Nobel laur- 
$300 a pound, it may be tee eates on tee stage and we 
most expensive cup of coffee brought out five steaming 
in the world. It is made from cups of Luwak Coffee,” Mr. 


Abrahams recalled. “Then 
there was this wonderful, long 
moment — each one holding a 
cup, each looking at tee 


Richardson has been summoned to for Social Research in New- York. 


Washington by Mr. Clinton to help posh “Boutros Boutros-Ghali was a man who Continued from Page I 


an expanded trade authority for the pres- kept everybody on edge.” 


RUSSIA: 

Yeltsin Fires Tycoon 

Continued from Page 1 

Mr. Nemtsov, who had accused Mr. 
Berezovsky of conflict of interest for 
working on behalf of his business while 
servmg in government, said Wednesday 
that the magnate’s ouster marked “an 
important step on tee way to abandoning 
oligarchic capitalism in Russia." 

Mr. Berezovslty said tee deputy prime 
minister’s accusations of conflict of in- 
terest "hold no water.” 

But Mr. Berezovsky was an unapo- 
logetic and outspoken exponent for tee 
tycoons, claiming at one point that they 
controlled half of tee Russian economy, 
which experts called a wild exaggeration. 
He has often argued that tee government 



Continued from Page I similar incident was reported 

in Normandy. 

for Belgium and tee Neth- In Paris, a union represen- 
erlands. tative, Joel Le Coq warned 

In Belgium, auto plants that tee “positive’^ tone of 
were running out of compon- the resumed negotiations 
eats from factories in France, would be jeopardized by fiir- 
Renault S A laid off workers ther acts of violence, 
at three plants in France be- “If such attacks increase, 
cause of a shortage of parts, there could be several weeks 

But tee French economy of strikes,” Mr. Le Coq said, 
minister. Dominique Strauss- “Let’s not poison things.” 
Kahn, said the stake had not Another labor leader, Ro- 
hada significant effect on the ger Polerti of the Force Ouv- 
French economy. riere union, said it seemed as 

The truck drivers — who though “this time, it lonlrc 


other. You knew what was go- 
ing through their minds, ff one 
takes a drink, we’ve all got to. 
Well, one took a sip, and teen 
they all did. Since I had set it 
up, I felt I had to as welL” 
Some Igs have honored tee 
flotsam and jetsam of popular 
culture. Ron Popdl, a sales- 
man on late-night television 
and inventor of tee Veg-Or 
Made, Pocket Fisherman and 
Mr. Microphone, won the 
1993 Ig Nobel prize for con- 
sumer engineering. Don 
Feathexstone took home the art 
prize last year for creating tee 
pink plastic lawn flamingo. 

■ The Igs also have honored 


dubious feats by smart people* 
who should have known bet-, 
ter. The 1996 chemistry prize) 
went to George Goble, an! 
electrical engineer at Purdue] 
University. He ignited a back-] 
yard barbecue in three seconds, 
using charcoal and three gal-] 
Ions of liquid oxygen. I 
Sometimes Mr. Abrahams} 
skewers pseudo-science, such] 
as the 1994 mathematics* 
award given to the Southern} 
Baptist Church of Alabama* 
which scoured local crime and} 
divorce statistics to provide an] 
“estimate of how many] 
Alabama citizens will go toj 
Hell if they don’t repent” ] 




Yuri Sodudowr/Aynat F at e ii P aw n 

Boris Berezovksy after dismissal. 


demand an immediate pay 
rise to 10,000 francs ($1,735) 
a month from abont 7,700 
francs, and a 200-hour cap on 
hours they have to work each 
month — stepped up tee pres- 
sure. by throwing about 170 
blockades across France. 

In one action they blocked 
the Paris ring road — tee Peri- 
pherkfue — in both directions 


should heed the call of its powerful new said that they had a common enemy then for about 90 minutes during 
capitalists, not the other way around. . — to defeat tee Communists — but that tee evening rush hour. As 

His model for how tee business leaders their interests had since narrowed. Mr. traffic jams built up, tee truck- 
should work was evident last year when Chubais did not respond. , ers handed out leaflets before 

seven of teem maneuvered to bring Mr. Mr. Berezovsky and another magnate,' the police cleared the road. 
Chubais back into. Mr. Yeltsin’s camp, Vladimir Gusinsky of tee Media-Most' The main employers orga- 
and they poured miHious of dollars into group, have grown disenchanted with' nization, the UFT, joined tee 


though “this tune, it looks 
like tee bosses have finally 
understood what is happening 
at tee roadblocks.” 

An agreement was reached 
on Sunday by some union 
representatives and an orga- 
nization - - representing s mall 
and medium-sized trucking 
companies. The UFT, repre- 
senting 80 percent of tee in- 
dustry including tee large 
companies, offered an annual 


Sudanese Peace Talks Resume 

- NAIROBI Peace talks between tee Sudanese gov- 
ernment and southern Sudanese rebels entered their 
second week here Wednesday as the United States 
slapped an economic embargo on Sudan 
A White House statement said the order freezing 
Sudanese assets in the United States, prohibiting U.S. 
trade with Sudan and barring financial transactions would 
tee*talks pressure on Khartoum to make a serious effort in 

Minister Ali Osman 
Maimed Tahn taring the government team and the 

S^Sri™S n ^ 0 l the * Sadan Pe °P lc ' s Liberation 
S _X a c K V r ’ Jjefdma the rebel side. arc exploring 
steps to end Sudan s 14-year-old civil war. -(AFP) 

Turks Practice Cyprus Raid 


the president’s re-election campaign. The Mr. Chubais since the telephone coin- 
magnates control two of Russia’s three pany privatiza t i o n. They have contended walking out on the weekend. ■ ticipant in the talk?, Michel 
major televisionnetwoiks iand several of he was favoring the biggest private The government, which Caulaud, said a solution could 
its biggest newspapers and magazines. banker in tee country, Vladimir Potanin, has tried to end tee stoppage be found within 48 hours. 

Mr. Berezovsky fell out with Mr. Mr. Berezovsky repeated that com- through active mediation, “We want to negotiate and 
Chubais and Mr. Nemtsov this year, es- plaint Wednesday, accusing Mr. Chubais was concerned to prevent vi- find a lasting solution,” said 
peaally after tee hotly contested com- of being “totally hypocritical” in calling deuce and has kept police Jean-Paul. Deneuville a ne- 
petition between two grou{» of tycoons fornewralesofthegame.In£act,hesaid, actions to a minimum. Bui at gotiatorfortheemployere. 
for a stake m the huge telephone holding Mr. Chubais was trying to help just one tee southern town of Vit- - The transport nunist 


talks for the first time since 
walking out on the weekend. ■ 
The government, which 
has tried to end tee stoppage 
through active mediation. 


ticipant in the talks, Michel 
Caulaud, said a solution could 
be found within 48 hours. 
“We want to negotiate and 

find n Instinn lAlnri#,. " 


a state in tee 





the southern town of Vit-' 


supported tee group teat lost and has since round of oil company sell-offs. 

L — * L . " - * — 1 J ■ ■fin mniT TJci Un# — — ■ j .# » 


t »>.»; uni iwiji rrrr.ti)i 


critical of the reformers. He But other sources said this week that men with iron bars and base- 


been shan^ critical of the reformers. He 

asserted Wednesday teat he had beta Mr. Berezovsky, too, might be a player ball ba^attecked a group of 
forced out by than. He said Mr. Cnn p a i x in the oD company tenders, including strikers, injuring three, .to 
had displayal an authoritarian streak and that for Rosneft, a state-owned oil giant dear tee way for a convoy of 
“believes that ends justify tee means. that is to go on the auction block this year trucks. 

Although Mr. Berezovsky acknowl- or early next year. Mr. Berezovsky has .Union officials accused a 
edged teat he and tee other bankers had already won another formerly state- trucking company of hiring 
recruited Mr. Chubais just a year ago, he owned oil company, Sibneft ' the men to free tee trucks. A 


forced out by them. He said Mr. Chnba i x 


ball bats attacked a 
strikers, injuring 


tyers orga- loading and unloading, which cheeTecl as about 30 Turkish 

joined tee pushes their monthly hours to two helicopters and placed 

time since 240 or more. One union par- missile lauSchers 

weekend, ticipant in die talks, Michel . northern side of the divided island, 
at, which Caulaud, said a solution could s iS? government has said it plans to buv 

» 2W8» within 48 hours. SOM^ound-to^r missiles from Russia toffivc ite 

mediation. We want to negotiate and acicases - (Reuters) 

arevem vi- find a lasting solution,” said 

am.Batat gotiator for the employers. I UN Assembly Backs Cuban Bid 

threedecades wastun S Ion ^ imposed for more than 

to 7 ! reso . lu “ on wa ^ 14? 

issue first came before tee AsJmS ' "JSfcPSL** 1 *® * c 
States, Israel and UzbekktiufS^i y m l 992 * The United 
similar resolution receivS 137 ?™ UgaiDSL year.® 
— . ” 1 J 1 v ««. (Reuters) 




transport 




right National Front, hooded fact teat everybody was back 


of', ho; 
to ' 


negotiating meant there was 
hope for a solution. 

One problem is the truck- 
ers’ distrust of tee employers, 
many of which are said to 
have ignored a pledge to pay a 
3,000-franc bonus after a sim- 
ilar strike one year ago. 








































































































PAGE 8 


THURSDAY NOVEMBER 6,1997 




EDITORIALS/OPINION 


Hera lb 


INTERNATIONAL 



PUSLSHED WITH THE NEW VOUC TIMES AND TUB WASHtNCTOK POST 


SribuUP ]nuth Korea’s Economic Crisis Is 




Get on the Fast Track 



on Tuesday by a reassuring 69 to 31 to 
spted consideration of the measure. 
But the real test comes in the House; 
possibly on Friday. Mr. Clinton is ash- 
ing for “fast-track” authority — the 
right to negotiate trade agreements that 
Congress can then reject but cannot 
amend. Without this, most other coun- 
tries will not even sit down to bargain 
with die United States. That is why 
Congress has grained such powers to 
every president since Gerald Ford. 

Yon wouldn’t think- Ms would be a 
tough calL Hie United States, with 4 
percent of the world’s population, gen- 
erates more than a fifth of its wealth. If 
it wants to maintain that kind of stan- 
dard of living, it will have to sell more 
overseas. And with industries that lead 


To a large extent, Ms is simply 
putting new clothes on old-fashioned 
protectionism. But fast-track oppo- 
nents also make an argument geared to 
the changing conditions of a global- 
izing economy, in which companies 
are freer than ever to relocate across 
borders, and so workers find them- 
selves more than ever competing 
across borders. In such circumstances, 
the prohibition of child labor or the 
right to bargain collectively becomes a 
matter of more than domestic concern. 


the world in quality and innovation — 
J.S. markets already largely 


and with U.S. 
open — the United States stands to 
gain more than most from continued 
trade liberalization. Moreover, if Con- 
gress defeats this measure, U.S. lead- 
ership will be called into question far 
beyond the trade arena. 

. Yet the administration is having to 
wage an all-out, last-ditch campaign 
for congressional votes. Most Repub- 
licans support the trade bill, although 
some are reluctant to give Mr. Clinton 
a win, even on an issue of obvious 
national interest The real opposition 
comes from his own party and its back- 
era in the labor movement. They chum 
to support trade, but only if agreements 
come with guarantees of better work- 
ing conditions and tougher environ- 
mental laws overseas. 


knowledges as much, allowing 
president to negotiate sanctions for 
countries that lower their standards in 

mder to attract foreign investment Bat 
fast-track opponents want more. 

The question eventually becomes 
whether you want to limit trade if you 
can’t force your trading partners to 
upgrade their labor and environmental 
‘ standards entirely to your satisfaction. 
And here is where the opponents’ ar- 
gument breaks down, because increas- 
ing trade is demonstrably die route to 
more prosperity and higher incomes in 
developing countries, which in turn 
will provide die most favorable climate 
for bringing their working conditions 
closer to U.S. standards. 

Last week’s turbulence in financial 
markets, which began in Thailand and 
spread to Wall Street, showed once 
again how linked die world’s econo- 
mies have become. The question now 
is whether die United States can con- 
tinue to play a significant role in shap- 
ing the rales of the new global econo- 
my. To deny the president that ability 
would be reckless and self-defeating. 

— THE WASHINGTON POST. 


A Tolerant New York 


Mayor Rudolph Giuliani’s re-elec- 
tion is a uniquely personal achieve- 
ment He has given Republicanism a 
New York City gloss, one that em- 
braces immigr ants both legal and il- 
legal, that seems more comfortable 
with die Clinton White House than it 
did with the Bob Dole presidential 
itician, he draws his 


cam 


legitimacy not from bis party but from 
his own history and a character dial, in 
its frequently irritating intensity, mim- 
ics that of die city he governs. 

His ability to spin free of political 
attachments made this race almost im- 
possible for his Democratic opponent, 
Ruth Messinger. She ran an honorable 
campaign, and came up with some good 
proposals on how to get more money 
for schools by eliminating inefficiency. 
But she suffered from a mood-flatten- 
ing stump style. More seriously, she 
was anchored to her own and her 
parly’s history, which was formed in a 
period of federal largesse and never 
revised when die money ran dry. 

Mr. Giuliani’s success has a spine 
that comes from his own unyielding 
style of leadership and from the fact that 
he was not indebted to the muldtudinons 
interest groups that grew entrenched 
during years of one-party rale. 

Many Republicans seem to believe 
that his victory means that anyone who 
promises to be tough on crime and cut 
taxes can win elections here. That could 
not be further from die truth. The same 


polls (hat show Mr. Giuliani’s pop- 
ularity demonstrate how intensely sus- 
picious most New Yorkers are of 
House Speaker Newt Gingrich and 
everything else that represents die na- 
tional Republican agenda. This het- 
erogeneous and touchy city can be 
comfortable with Mr. Giuliani’s party 
only when its candidates assure the 
voters that they support the rights of 
women, homosexuals and immigrants. 

If it is possible to put a caption on 
something as diffuse as Mr. Giuliani’s 
re-election. New Yorkers were endors- 
ing a mayor who believed that if this 
city is to thrive in these difficult times, 
it must have a reasonable amount of 
social order and fiscal discipline, com- 
bined with the broadest jjossible tol- 
erance for differing views andmodes of 
life. Neither political party, at its heart, 
has bought into that recipe. But it is the 
key to the electorate’s allegiance. 

Mr. Giuliani’s victory was the cul- 
mination of a nostalgia campaign. He 
gave people a reminder of what the city 
was like in the good old days. But the 
glittering past that New Yorkers re- 
called was not the racially segregated, 
sexually unambiguous, ethnically di- 
vided (me that Archie Bunker used to 
celebrate on television. It was a simple 
vision of safe streets and unlittered 
sidewalks. That seemed little enough 
for a city this rich to ask for, but it had 
been withheld for a very long time. 

— THE NEW YORK TIMES. 


A Disgrace in Peru 


The long-threatened loss of his na- 
tionality and seizure of his property 
now have befallen Baruch Ivcher, ma- 


jority shareholder of Lima’s popular 

is Pres- 


and gutsy Channel 2. Thus has 
idem Alberto Fujimori made a mockery 
of his democratic pretenses and brought 
international obloquy upon Peru. 

Mr. Ivcher, like many other Peru- 
vians, earlier had supported Mr. 
Fujimori's anti-terrorist and free mar- 
ket policies. But his television station, 
the country’s leading investigative 
voice, produced a succession of shock- 
ing (and unrebutted) stories about of- 
ficial corruption and abuse of power. 
These stories touched the most sen- 
sitive zone of Peruvian public life, the 
nexus of ties between the political au- 
thorities -and die military command. 
Caught in asqueeze between the media 
and die security forces, Mr. Fujimori 
reached far beyond legal propriety to 
revoke the Israeli-born Mr. Ivcber’s 
13-year Peruvian nationality and to 
confiscate his station. What the now 
exiled television magnate calls rare 
“spots” of anti-Semitism have ap- 
peared hi foe chauvinist press. 

Peru is neither entirely democratic 


nor entirely undemocratic. So it is that 
while some in the media now support 
the government, others are using foe 
available space to criticize these latest 
presidential acts trampling on press 
freedom. The military crowds the 
politicians, but retired officers have 
formed a new institute to strengthen 
emerging Latin democracies. The ju- 
diciary has been infiltrated by the ex- 
ecutive power, but not completely. All 
this is worth noting because it leaves 
some room for Mr. Fujimori to walk 
Peru back from the brink of home- 
grown authoritarian rule. 

Countries tike Peru lack a strong 
First Amendment tradition and the in- 
stitutions and habits to put it to work on 
a routine basis. Each encounter be- 
tween media and officialdom becomes 
a fresh test of courage and resource- 
fulness against power. Thai provides all 
the more reason for other voices to rally 
in Third World free press cases. The 
Inter-American Press Association 
quickly rapped the Peruvian govern- 
ment's “anti-democratic attitude*’ and 
called on it to do right tty Mr. Ivcher. 
The spotlight is on President Fujimori. 

—THE WASHINGTON POST. 


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0 

Asia, 
in 

And 
assets 
wider 
crisis 
H< 
exp 
out, 

Asian 
from 
and I 
omies 
Masst 
surpl 
of South 
meant 

and forci 
then put i 
positors 
industry to 
no escape 


In South 
pan after 
tinned to 
corporati 
the 


— South Korea’s stock of 
luctive assets financed by 
is among the biggest in . 
ig sector is foe shakiest 
ion, apart from Thailand’s, 
between the return on 
cost of capital yawns 
almost anywhere else. The 
to get worse. 

Korea got into this hole 
it will be such hell to climb 
has one of the three 
whose structure stems 
or result of war. (Taiwan 
die others.) War econ- 
on a closed model 
tic savings and trade 
foe fuel in the motor 
’$ self-sufficiency. That 
consumers of choice 
to save. Savings were 
that exploited de- 
cbeap capital for 
exports. There was 
this for savers, because 
were closed. 

's case, unlike in Ja- 
War n, families con- 
run the industrial 
it foe state controlled 
ly through the 


By David C. Roche 


banks, by directing credit to chosen 
sectors. Widespread protectionism pre- 
vented domestic competition and 
achieved food self-sufficiency. 


The dearth of competition meant that 
domestic prices couM be cot 


be continuously 

raised to subsidize export prices. It kept 
households poor, corporations rich and 
exports competitive. 

This model made South Korea 
wealthy. It worked for 35 years. But 
then foe world changed, and South 
Korea did not. 

The end of the Cold War and to- 
talitarianism spelled more than just 
political liberty. Its economic coun- 
terpart is global communications and 
consumer choice. In South Korea, that 
means lots more stylish imports. 

South Korean expats suffer from 
overspeciaixzatianaaa overexpansion in 
a few sectors, mainly steel, autos, elec- 
tronics and chemicals. So its export sec- 
tor suffers from sharp cyclical swings 
and frequent overcapacity. It is also hit 
by increased competition from East 
Asian countries with cheaper labor. 

heOECD 


: fi nancial and other deregulation on 
South Korea. Domesricprices and mar- 
gins came, under pressure from better- 
quality imports. The result has been 
corporate Armageddon. 

By 1996, the top 20 listed Korean 
companies were earning a 3 percent 
return on assets, while their average 
cost of borrowing had risen to’ 8-2 per- 
cent. Their average debt-to-equity ratio 
was 220 percent Return on equity was 
0.8 percent Naturally, many of me 
companies stopped paying foefr debts. 

The prospects for real reform are 
Him. The top 30 family-owned indus- 
trial companies, foe chaebols, still se- 


amounts to 25 percent of foeir tool 
loans, well ahead'df fob level in In- ' 
dooesia and foe Philippines. 

All this might be overcome if foe 
South Korean companies and tanks. , 
could reliquefy themselves by earning 
money. But they don’t The oonxsrare -1 
sector has foe worst record of prof- 1 
itabiUty of any country in Asia and 

foal is saying something. - 

South Korea needs to beepne for- 
eign investor-friendly. It needs to de- 
regulate its domestic econoroyand ex- 
nose it to the fresh winds of com- 

^ r. straw* 


count for one-third of manufacturing 
tion of total 


UllUU lui uuu-uiu- »• 

output a similar proportion of tot 

investments. They are a focal pointof 
social dissent hated by everyone, in- 
cluding foeir own labor forces. 

South Korea’s weak currency, die 
won, can only make the situation worse 
by ii jreraasing the foreign debt burden. 

The country’s bank and fi n a nci a l 
sector credit is 155 percent of GOT , foe 
third highest in foe region. Add m foe 
corporate sector’s outstanding bonds 
and notes, and foe share moves close to 


bo!# that would raise productivity. 
And it needs, to restructure . Rs over- 
bnnTcjng system. 

South Korea does not Jook'wtUihg to 
do this on its own. Maybe foe In- 
ternational Monetary Fund Sheuldstep 

in and give the politicians ft stove, 
before there is a disaster. Bat has foe 
IMF got enough money after its recent 
bailouts of Thailand and Indonesia? 


Membership in the 


forced 


200 percent of GDP. 
The banks’ 


exposure to real estate 


The writer is managing £. rector cf 
Independent Strategy, a global invest- 
ment research consultancy based in 
London. He contributed this comment 
to the International Herald Tribune. 


Hit Sudani in His Sovereignty and Personal Protection 


W ASHING 
damH 

who won’t die 
boards where 
he had been 
claws his way up 
snarl anew at the 
The Clinton 
treats these ep* 
meats of sound 
out cost for U.S. in 
dam Hussein is 

American mi gh t, 

say. He soon will 
his box.” 

The spinners, 
dictator as an inco 
ratio gangster chi 
needs an occasional 
chops with a anise 
that neglects foe 
tegic costs that these 
confrontations with 


— Sad- 


corpse 
the 
thought 


By Jim Hoagtand 


still ac 


as the legitimate 
foe United Na- 


ically to 


House 
as mo- 
wifo- 
ts. Sad- 
to test 


ruler of! 
dons, the United States and the 
rest of foe world. 

The diplomats dispatched to 
Baghdad were instructed to 
chas tise him, but they treat him 
as a member of their club by 
going there. And Russia, France 
and foe Arab League have gone 
on record opposing any military 


action against Iraq over this de- 
ovidine Ba 


fiance, providing Baghdad with 
a significant diplomatic and 
psychological marker to cite in 
future disputes. 

George Bush compared Sad- 
dam Hussein to Hitler, remind- 
ing foe world of his genocide 
against foe Kurds, his use of 


poison gas, the rape of Kuwait 
and other atrocities. But after all 
rtmf, Saddam’s officials are still 
seatedonUN human rights com- 
missions and in other important 
international institutions. 

Saddam has been obstructing 
and harassing UN inspectors for 
nearly two years, without sig- 
nificant reaction from Wash- 
ington or UN headquarters. The 
inspection teams cannot protect 
themselves. They are in Iraq at 
Saddam’s sufferance. He has 
made foe world acknowledge 


that through this conflict. 

Clinton administration 


The Ci 
has left itself with few choices 
and few serious allies in dealing 
with Iraq. A repeat of the in- 


effectual missile raids font 
capped two previous “show- 
downs” would do more harm 
t han good. New sanctions will 
not change his behavior. 

T /igteari^ foe White House 
should hit Saddam in his sov- 
ereignty and in his personal pro- 
tection, foe two areas that will 
hurt him the most. 

Washington should begin a 
serious campaign to attack Sad- 
dam’s legitimacy by providing 
vigorous leadership of the in- 
ternational effort to indict him 
and his henchm en as war crim- 
inals. Bill Clinton and his aides 
should challeng e Baghdad’s 
credentials at the United Na- 
tions and in its agencies. They 
should encourage the creation 
of an Iraqi government in exile 


and promise to recognize it. 

Harnessed to a politoal pro- 
gram to deny Saddam legitim- 
acy, one military campaign 
would make sense now; an as^j. 
sault on foe Special Republican 
Guard units that protect Sad- 
dam and his palaces and also foe 
hiding places for bag's deadly 
secret arsenal. Zeroing in osi 
these units for missile and air 
strikes might make them re- 
think foeir support for Saddam. 

Except for the 100 hours of 
Desert Srorm in 1991, foe 
United States and its allies have 
treated Saddam’s regime as an 
acceptable evil But eaoh time 
he daws his way up, he expose* 
foe international community's 
complicity in his survival. 

The Wushmgtan Pust. 


w 




in 


impose on U.S. 1 
foe world. 

Each new confronts) 
respect for America, 
frontation demons 
tifity of military force 
harnessed to an effecti 
real strategy or to the 
will to deal with a 
emy who has deadly VX 
gas, several score Scud 
and anthrax weapons. 

Throughout die Arab 
rulers and citizens beli 
foe world’s only su 
could remove Saddam’s 
if it wanted to. Because 
dam’s continued rule 
useful purpose for them, 
controlling oil prices or 
Iraq’s Shiites and Kurds 
jugated and brutalized, 
Arkbs assume that Ids con 
rale serves some unackn 
ledged U.S. purpose as we 

This suspicion is also 
creasingly voiced in Europe 
Asia, and contributes to 
willingness of France, Ru 
and others to distance th 
selves from U.S. strategy 
Iran as well as Iraq. 

Saddam’s challenge to 
icans serving on foe UN S. 
Commission inspection wimt i 
not short-term bluff. By 
ing to talk to a high-level 
delegation about this unite 
move, he underlines that he is' 


An Unproductive Fixation on Rogue States 




pARIS — Saddam Hussein’s 


latest exercise in provoca- 
tion again raises the problem — 
and it is a problem — of Wash- 
ington’s preoccupation with 
“rogue states.” “Standing up” 
to these easily condemnabfe en- 
emies is self-satisfying but does 
not accomplish' much. 

Saddam Hussein has outlas- 
ted George Bush and is likely to 
outlast Bill Clinton. In his last 
defiance of Mr. Clinton, in 
1996, his troops moved into 
Iraqi Kurdistan to overrun a 
costly CIA operation. The 
United Stares launched, sane 
missiles in retaliation, to no 
practical effect. 

Moralizing politics is an 
American tradition. 

A hundred years ago. Papist 
imperial Spain was foe enemy. 
An enlightened and proudly 
progressive United States in- 
vaded Cuba and seized the Phil- 
ippines. It then overturned foe 
independent republic that foe 
■" too liberation movement 
set up, and in foe next two 
spear more money and 
ves than in the Spanish-Amer- 
War itself in order to put 
foe Filipinos’ rebellion 


By William Pfaff 


against American colonialism. 

Cuba was compelled to in- 
corporate into its constitution a 
right, by foe United States to 
intervene in Cuban internal af- 
fairs. This lasted until 1934. 

World War II gave foe mor- 
alizing approach to internation- 
al relations a new dimension, 
since Nazism and Stalinism 
made into reality what previ- 
ously had been unimaginable in 
foe conduct of nations. Conflict 
with dictators since then has 
tended to be assimilated to that 
history, so that George Bush 
condemned Saddam Hussein 
not as a brutal dictator but as 
“the new Hitler.” 

Ail this makes it hard to dis- 
engage from “rogue nations’* 
even when foe. engagement has 
become loss-making or absurd. 

Blockades and embargoes of 
foe rogue states have served 
mostly to make ordinary people 
in those cations suffer while foe 
dictators, foeir families and 
foeir security faces feast and 
gambol as they please. 

Saddam has demonstrated 
his capacity for getting what he 


wants, at the expense of his 
people, whatever Washington 
or foe Security Council may do. 
The mullahs in Iran and the 
indefatigable Fidel Castro have 
probably drawn net profit from 
Washington’s canity. 

The situation is further com- 


plicated by electoralpolitics in 
foe United States. The Cuban 


lobby, sane of whose leaders 
seem to envisage an eventual 
persona] takeover of Cuba, 
have manipulated Congress and 
presidential candidates fa 


many years. The Israeli lobby 
lively it 


Beijing’syorbachev Hang - Up 


J^EW^fORK — When Ji- 

for political reform m^Siinau 
be no doubt has a nightmarish 
image in mind that he is de- 
termined to avoid. It is Russia. 
Everything he fears about foe 
future is represented by Chi- 
na’s giant neighbor with a 
fractious new democracy. 

Mr. Jiang and his col- 
leagues do not see the benefits 
of capitalism when they think 
about Mikhail Gorbachev. 
They see a man who presided 
over foe demise of foe Soviet 
Communist Party and foe dis- 
integration of his country and 
was then supplanted by his 
political rival and almost lost 
his apartment and dacha in foe 
bargain. Mr. Jiang and his fel- 
low Communist leaders will 
do almost anything to avoid 
foe Gorbachev syndrome. 

FromMr. Jiang’s viewpoint, 
foe genius of foe economic re- 
forms introduced under Deng 
Xiaoping has to be that they 
have produced prosperity 
while preserving the power of 
the Communist Pany. 

Since China’s nascent de- 
mocracy movement was 
crashed in 1989, foe consid- 
erable initiative of the Chin^ 
people has been largely 
channeled into economic ac- 
tivity, with benefits for mil- 
lions of citizens. Who has time 
for political mischief when 
living standards are rising and 
cell phones are beeping? 

I have often wondered what 
course reform would have 
taken in foe Soviet Union if 


[By Philip Taubman 


Gorbachev had given his 
pie consumer goods be- 
' glasnosL There was a not 
gether frivolous theory in 
in the late 1980s that 
Iparw and Mr. Gorbachev 
|id thrive if only the Krem- 
iged for trainloads of 
athletic shoes to be 
1 in from Asia, 
r. Gorbachev did not deal 
the stagnant econo- 
he knew that the 
vested there would 
It to challenge. He 
:ked a philosophical 
itment to dismantling 
ttrally managed eco- 
So he took foe easier 
unlo cking foe intel- 
[life of Russia and hop- 
that would lead to 
reform. 

officials have told 
were alarmed by the 

! model as soon as Mr. 
ev started tinkering 
‘ Soviet system in 
[was easy to see why 
i when I took a break 
I assignment as a afr- 
it in Moscow to visit 
my family. 

«ry we left behind 
fed for consumer 
[economically inert, 
i alive with political 
"ie country we ar- 
ras bus thug with 
:tivity, but it was 
stunted. 

has every incent- 
sge that. When 


be looks at Russia be sees a 
country where leaders can be 
removed from power by 
voters, where newspapers and 
television news openly ques- 
tion Kremlinpoiicy, where the 
Communist Party is in eclipse 
and where the c riminal econo- 
my outstrips legal enterprise. 

While Mr. Jiang may pub- 
licly stress China’s need to 
preserve stability and order so 
as to ensure that a society of 
12. billion people can mod- 
ernize. that theory nicely dove- 
tails with foe Less noble am- 
bition of retaining power. 

Thai is why he and Bill 
CUnton could find no common 
ground in four impromptu 
news conference discussion of 
democracy and human lights. 
Mr. Jiang was thinking about 
Mr. Gorbachev. 

There is a good deal not to 
admire about Russia today. 
Crime is rising, economic in- 
equities are mounting and a 
small group of businessmen 
and bankers intent mainly on 
enriching, themselves - has 
gained an unhealthy influence 
in Russian politics. Overall, 
foe Russian economy shows 
little of China’s vitality. Yet 
for all its afflictions Russia is 
no longer - mired in a dead 
political system. 

Over tune, economic free- 
dom and modem communi- 
cations, including access to foe 
Internet, may bring new polit- 
ical life to China. But it will 
not come tgiiddy, easily or 
from foe top this regime. 

■The New York Times. 


has a lively interest in the ex- 
istence and notoriety of rogue 
states because without them 
American public support fa Is- 
rael might fade. 

Yet can anyone seriously 
claim that the 40-year Amer- 
ican blockade of Cuba, whose 
leader surely has insignificant 
rank in any modem moral bes- 
tiary, has been of value to foe 
American jreople? The best that 
can be said of the blockade is 
that by briefly turning Cuba into 
a Soviet nuclear missile base it 
seriously frightened all foe Cold 
War players. That may have had 
a certain usefulness. 

What purpose has been 
served by 20 years of hostility 
to Iran? It is revenge for a hu- 
miliation of America, itself pro- 
voked by more than 30 previous 
years of gross American inter- 
ference in Iran ’s affairs. 

As for sponsorship of terror- 
ism, it is tiie weapon of the 
weak. And die young Islamic 
fanatics now loose in the world, 
bearing Kalishnikovs and 
stocks of plastic explosive, are 
likely to have learned their 
tradecraft in Afghanistan under 
CIA sponsorship. (Warned that 
foe United States might prepare 
postwar chaos in Afghanistan 
and beyond by sponsoring ex- 


tremist dements, a senior CIA 
officer said to an acquaintance 
of mine, “lam not in the nation- 
building business.”) 

The distinguished military 
historian Sir Michael Howard 
recently wrote about foe infor- 
mation now available from So- 
viet documents on what really 
went on in the Cold War. The 
Soviet economy was collapsing 
from the mid-1960s forward. 
The U.S-S-R/s sole asset was a 
nuclear missile force which had 
no deterrent utility, since the 
West was not going to attack, 
and no offensive value against 
an overarmed West 

Sir Michael asks: “What if 
the United States in foe 1970s 
and 1980s hud played into So- 
viet weakness rather than Soviet , 
strength; maintained a credible 
minimal deterrent, ignored foe 
Soviet show of unusable nu- 
clear strength and, in effect, 
called foe Soviet bluff?” 

The hypothetical question is 
unanswerable, but, as he adds, 
“American public opinion, 
whipped up try whichever party 
was in opposition, would prob- 
ably have rendered any such 
policy out of the question.” 

That, 1 am afraid, is also why 
America’s campaigns against 
the rogue states will go on, 
however futile they may be. 
Political Washington needs the 
rogue states, while they, on the 
whole, have done rather well 
from Washington’s attentions. 

International Herald Tribune 

© Los Angeles Times Syndicate. 




T-i 


Letters intended for publi- 
cation should be addressed 
H Letters to the Editor “ and 
conrain the. writer's signature, 
name and full address. Letters 
should be brief and are subject 
to editing. We cannot be re- 
sponsible for the- return of un- 
solicited manuscripts. 


IN OUR PAGES; 100, 75 AND 50 YEARS AGO 
1897: Dreyfus Case 


PARIS — The Temps published 
a Long Letter from M. Gabriel 
Monod, president of .foe Ecoie 
Pratique des Hautes-Etudes on 
foe subject of the Dreyfus case. 


for youthful elopement, murders 
by women and other recent sen* 
satioos throughout the country, 
Tne people have too much 
money ana use it wrongly,” he 
said. “Good living was never 
higher and bad living never 


c 


liSSSKSi'S 

1947: Arabs Protest 


foe dime for which he was con- 
victed to transportation for life. 
He found that Dreyfus bad been 
convicted solely on foe evidence 
of certain handwriting stated to 

be his. When he came himself to 

compare this handwriting with 
that of Captain Dreyfus, he 


Damascus — Arab nwem- 

mentover foe Palestine dispute 
wui bnng on an effort to disrupt 
plans for foe $125,000,000 

American-owned pipe line to 
found that both could "not pos- mT? Arabian- oil to foe 
ably have been written by the vwk h ^ ^ Prc ** mina, y 


same person. This opinion was work has been completed for the 


of handwriting. 

1922: Misuse of Money 


rnpletedl 
(Trans- Arabi- 


supported by a vaycievfx 

peal in matters of handwritino ripe Line) and American en- 

Smeers have surveyed foe route 


CHICAGO ■ Vice-President 
Calvin Coolidge declared that 
too much prosperity and die 
misuse of money are responsible 


1.140 miles of foc Ara- 
gan Peninsula. But the Syrian 
farhamem has yet to ratify the 
“SJ remaining agreement, and 
“fluent! al Arabs in and out of 
gna are putting pressure on 
oeputtes to withhold approval. 


V. 4 




1 










INTERNATIONAL HERALD TRIBUNE, THURSDAf 1 MEMBER 6, 1997 

OPINION/LETTffl 


PAGE 9 


$j Africa Needs Western Agricultural Techno/gy 


jA TLANTA — As we approach 
rjthe new millennium, starvation 
and malnutrition remain serious 
fhreats to almost a billion people 
worldwide, according to the World 
Food Summit, The situation is gravest 
p the 49 countries that make up 

t sub-Saharan. Africa. 

The reality is that we have the 
owledge and ability to prevent 
starvation but fail to act 
} If affluent nations choose to act in 
Jwo broad areas, many African farm- 

g idd benefit After all they are 
ambitions, competent and hard- 
g. They respond almost imme- 
. to new ideas and plow most of 
iheir profits back into improving their 
farms and agricultural tools. 

I First, developed nations must es- 
calate efforts to share existing tech- 
nologies with small-scale farmers. 


i For the past 1 1 years, the Carter 
j . Center and the Sasakawa Africa As- 
V fcociation have been involved in a 
grassroots agricultural effort, SG 
2000, that now reaches 12 African 
irountries, Led by the American 
agricultural scientist and Nobel laur- 
eate Norman Borlaug, SG 2000 
Jvorks with heads of state and their 
ministries of agriculture to share 
Successful agricultural techniques 
With more than 600,000 small-scale 
farm families. 

Through this collaboration, we 


By Jimmy Carter 

have proved that it is possible to 
double, triple and even quadruple 
crop yields, using existing techno- 
logy. This is done primarily through 
planting in contour rows and through 
the proper use of improved seeds, 
modest amounts of mineral fertilizer 
and timely weed control. 

Second, wealthy nations must be 
prepared to share emerging techno- 
logies with less-developed countries. 
For example, agricultural biotech- 
nology can play a vital role in im- 
proving health and nutrition. 

Regrettably, extremist groups in af- 
fluent countries have begun to mount 
attacks against responsible plant bio- 
technology and the moderate use of 
fertilizer and pesticides, wrongly as- 
serting that they will "‘poison" the 
earth's farmland. 

This type of speculation is erro- 
neous. Of course, we must be en- 
vironmentally responsible in growing 
food, but we cannot use only methods 
that were developed to feed a much 
smaller number of people. 

The world's population is ex- 
panding by 100 million people 
each year. Within the next four de- 
cades, we will need to expand food 
production to about 10 billion tons 
per year. It took some 10,000 years 


to reach half that amount. 

Obviously, the world's fanners 
will not meet this challenge unless 
they have access to continuing break- 
throughs in agricultural science and 
technology. 

Many in the international donor 
community want to help improve 
food security in Africa and other de- 
veloping areas. However, some en- 
vironmentalists, backed by powerful 
lobbying groups, have clashed with 
food producers over the best methods 
of achieving higher productivity. 
The resulting discord has led 
many donor agencies to throw up 
their hands in discouragement and 
to stop supporting the agricultural 
programs so urgently needed in 
sub-Saharan Africa. This policy 
deadlock must he broken. 

Norman Borlaug is one of a 
growing number of agricultural sci- 
entists who believe that the proper 
use of biotechnology can help in- 
crease crop yields and reduce 
pesticide use at the same rime. 

Researchers in universities and the 
private sector have worked for years 
seeking methods that would im- 
prove the yield, dependability and 
quality of agricultural crops. Using 
biotechnology, these scientists build 
upon traditional plant breeding but 
go far beyond it. 

With this powerful new know- 


ledge, they now ha''/ ca P a bility to 
pack large amounr m P r0vemeat 
into a single see<Lf : sample, they 
can insert genes/ 681 ? 1 diseases 
and insects, thus rP8 neec * 
chemical pesticj/^ 1 ^ ^ 
insert genes that withstand 
drought conditio . 

Fanners ahnf^^y will not 


be able to ft 
these new pn 
even if they i 
existing techL . 

We must provide biotechno- 
logy trainingf ientIsls exten- 
sion workeii v eloping countries, 
and at the encourage the 

developmeif gulaloiy safeguards 
to govern and production 

and to proi/ ,nsiira ers. 

Public-ip collaboration will 
be cruciajpieving these objec- 
tives, bup^P^ent of biotech- 
nology fa expensive for the 
private h’ Private companies 
must incentives and 

protect!/ dieir intellectual prop- 
erty Qj/f they are to continue 
their tip 1 * 

F 0 JPresident Jimmy Carter is 
the fa r °f lfie nonprofit Carter 
Cent/ptlon* 0 ’ He contributed this 
comi 0 l h e International Herald 
Tribl 


jfTtainly will not 
Jr nations unless 
reach them soon, 
lately begin using 


Streamline NATO to Reflect the New iealities 


B RUSSELS — The ab- 
sence of a tangible mil- 
itary threat to NATO’s mem- 
ber countries is causing havoc 
with attempts to reshape the 
alliance's integrated military 
Structure. Created to take com- 
mand of large national fences 
supplied by member nations in 
case of war, it must now be 
adapted to.the new situation. 

This also applies to the de- 
fense planning cycle, which 
set agreed-upon force goals 
for each nation. 

* The end of the Cold War 
meant the end of the need for 
a mighty allied militiuy force 
drawn up across Europe, fa- 
cing east. Hie new strategic 
concept, adopted at u NATO 
summit meeting in November 
1991, recognized this and set 
guidelines for restructuring. 
Smaller, more multinational, 
more mobile formations were 
to be substituted for the large 
national army corps. 

The integrated command 
structure was to be pqred 


By Frederick Bonnart 


The old measure — the size 
and quality of opposing 
forces against which the de- 
fensive capability had to be 
shaped — has disappeared. 
This has weakened the com- 


pleted by the Madrid summit 
meeting last July. It will not 
be completed by the Decem- 
ber ministerial NATO coun- 
cil meeting, either. 

The disagreements are not 


man commitment and nation- motivated by questions about 
al interests have taken over, the alliance's military effec- 


Whereas individual nations 
previously provided force 
elements to ensure that the 

The end of the 
Cold War meant 
the end of the 
need for a mighty 
allied military 
force drawn up 
across Europe . 

alliance as a whole was able 
to respond to an attack by 
the , Warsaw Pact, present 


tiveness, but by the need to aircraft flying m and 
satisfy national prerogatives Gibraltar air base. Spa " 
and prestige. lively resisting this 

As a consequence, the orig- Similar problems P^ 
inal plan of reducing the num- by a planned headqF 5 i* 1 
her of installations from 65 to Larissa. Greece, F 2 a 
19 has already been modified: Greek general wdf com ' 
at least 25 installations will be mand NATO fp f° r 
necessary to satisfy national eventual intervenf^ 1 the 


Spain has tied its entry 1 
the integrated structure ta 
taining a headquarters 
Madrid, so as to briny 
whole of Spanish territor 
der a NATO conP 
headed by a Spanish g£- 
But Britain has madejf^ 
ment conditional on £ 3 
lifting its overflight f° r 
aircraft flying in and o P* 1 * 
Gibraltar air base. Spa ac " 
lively resisting this ctf™. 

Similar problems P*™ 
by a planned headqr^ 1X1 
Larissa. Greece, F 2 a 
Greek general wq com_ 
mand NATO ff for 


doWn abedrduigiy. But, albeit . force' targets 1 are u set to satisfy 
reduced', iLcctatinues to exist” ^nations." " 


demands. 

These requirements create 
dissension among the allies. 

The acrimonious dispute 
between the United States 
and France has now subsided. 
The new French administra- 
tion is clearly not interested in 
pulling President Jacques 
Chirac's chestnuts out of the 
fire and will need all its polit- 
ical capital for. domestic pur- 
poses. It therefore will not 


today. ,s|ad, the planning eye#,' we. considers, certain press on with France!s return 

is. still adhered ‘to. Both are ' member country' should have ' to the integrated structure. 


hopelessly out of date. A 
much smaller, more flexible 
organization is needed, one 


three frigates but the nation's 
admiral wants six, we write in 
six,” a senior planner re- 


to deal with the type of cently told me. 


emergencies the alliance is 
likely to face. 


The new command struc- 
ture was to have been com- 


to the integrated structure. 
But it has also made clear that 
it will not interfere with 
NATO’s present plans. 

However, other member 
nations have made them- 
selves felt. 


Balkans. / 

Political problem tween 
Greece and TurfPT 1 ^ 611 ] 
agreement. More/- Poland 
has let it be kJ that 11 
wants a N ATOjJ<ty arters 
on its territory, 'palter, no 
doubt, HungaFpd the 
Czech RepabLpU follow 
suit — and sF* 311 t* 16 
others that are/° 

'Yet NATO/s nor need 
the previoujpographjoal 
structure. .1 - 

Instead. it‘|“ be organ- 
ized on a fufOnl basis. It 
would then rf° retain on ty 
the overall head- 

quarters, S[E hi Mons, 
and two reg? headquarters 
— North JSouth. Under 


What Is True in the World? 
Thoughts on Turning 50 


By Ellen Goodman 


them, a number of small joint 
service headquarters would 
coordinate a limited number 
of ground and air forces, cap- 
able of taking oc tasks like the 
Bosnia emergency. 

Such a military structure 
would be both effective and 
affordable. It would also be 
realistic; no requirement for 
common defense exists today 
nor is it likely to arise in the 
foreseeable future. 

Should such a situation de- 
velop, there will be ample 
time to make provisions for 
dealing with it As long as the 
alliance remains cohesive and 
cooperative, and its military 
personnel are able to operate 
together, such a flexible mil- 
itary structure can be adapted 
to meet any emergency. 

The writer is editorial di- 
rector of NATO's Sixteen Na- 
tions, an independent military 
journal. He contributed this 
comment to the International 
Herald Tribune. 


B OSTON ■ — Somewhere between the 
surprise party, the 600-pound birthday 
cheesecake and the Oprah show, I came up 
with a few more reasons Why I Am 
Glad My Husband Isn't President of 
The United States: 

Reason 341: My 50th birthday wasn’t a 
Time magazine cover story. Reason 342: 
Nor was it the occasion for a national pop- 
ularity polL Reason 343: Nor did ABC go 

MEANWHILE . 

out on the strefets asking people bow old 
Ilook. * 

The good news about Hillary’s four-day 
50-fest is that since the baby boomers start- 
ed hitting the half-century mark, the big 
five-ob has become a cause for public cel- 
ebration. The bad news is that when a 
documentary crew follows you around, 
when someone names a park, a day and a 
comer after you, there’s not a whole lot of 
time for private miming 
The New York Times dubbed the birth- 
day an “unofficial coming-out party for the 
second-term first lady." U.S. News & 
World Report said she had gone from mod- 
eling herself after a policy wonk to mod- 
eling herself after a princess, DL 
Everywhere you looked, the image ana- 
lysts were saying that she had “softened" 
asif she were in the last act of 4 ‘The Taming 
of die Shrew." On Oprah, the audience 
actually applauded the fact that at 50 she 
finally got her hair right. 

But whatever her private thoughts were 
on this birthday, Hillary kept them, well, 
private. “I was just sort of rolling through 
time," she demurred, “now it’s being 
turned into this huge deal" 

Last week at the Chicago Historical So- 
ciety she said just a bit ruefully: “I feel like 
a piece of history — I should either be 100 
years old or talking about somebody else." 

Nobody wants to psychobabble through 
their birthday party. I accept her reluctance 
to be extrovertedly introspective. But as 
someone who has been there and doing 
that, I can promise that you don’t get 
through your 50s without a whole lot of 
reflection on where you’ve been and what 
you are doing ... next. 

Women in their 50s today are all over the 
demographic lot — having babies, mam- 
mograms and face-lifts. But most of us, like 
the first lady, confront our 50s, menopause 
and an empty nest simultaneously. 

Those of us who did it all, and then 
some, in our 40s hear the unmistakable 
sound of doors closing behind us. Kids are 
leaving home. The chance of becoming a 
nuclear physicist or a professional ballet 
dancer is less than the chance of getting 



a ti taniu m hip Anri honey, can I borrow 
your glasses to read the menu? 

There are doors opening in front of us as 
welL But we know there isn’t time to go 
bounding through them all. We have to pick 
carefully and boldly, to triage what we want 
to do and what we want to quit We have to 
live intentionally, to figure our where we 
will go if we “let ourselves go." 

In this decade, the lines the poet Ad' 
rienne Rich wrote to herself echo every- 
where: “Dear Adrienne:/ I’m calling you 
up tonight/ As I might call up a friend as I 
mi gh t call up a ghost/ To ask what you 
intend to do/ With the rest of your life." 

At 50, Virginia Woolf began to write 
her famous and angry tract “Three 

You don’t get through your 
50s without a whole lot 
of reflection on where 
you’ve been and what you 
are doing ... next 

Guineas.” At 50, Julia Child brought taste 
to television. 

At 50 — do not laugh — Candice Bergen 
cut her hair short. At fifty something you 
have to build the rest of the life you don't 
want to regret not living. 

Old age. they say, is not for sissies. But 
middle age with its loss and liberation de- 
mands courage as well. Hillary Clinton, 
who has tried to be her own woman and her 
husband's wife and her country’s first lady, 
subject to astonishing scrutiny and over- 
whelming demands, can see all those open 
doorways down the corridor. They must 
look like thresholds to freedom, but it’s not 
easy to know which one to cross. 

On the first lady’s birthday visit to her 
old school last week, Hillary's second- 
grade teacher greeted her star pupil 
teasingly, “And who are you?" The 
first lady answered, “Oh yes, this is the 
question we're all trying to answer." 
Perhaps so. 

In “Song of Solomon,” Toni Morrison's 
Pilate finally “tackled the problem of try- 
ing to decide how she wanted to live and 
what was valuable to her." She asked her- 
self: 4 ‘When am I happy and when am 1 sad 
and what is die difference? What do 1 need 
to know to stay alive? What is true in the 
world?" 

These are more than enough questions to 
ask when at fiftysomething you call your- 
self up, like a friend or a ghost, to ask what 
you intend to do with the rest of your life. 

The Boston Globe 


PA RYE ST 


The Luxembourg Umbrella Fund 


LETTERS TO THE EDITOR 


Dealing With China 

“ Regarding "Notice How 
Being Firm With Beijing Helps 
China to Change" f Opinion, 
Oct. 22) by Gerald Segal: 

■ in this po&colonial age. 
what self-respecting nation, 
particularly d newly emerg- 
ing superpower, would tol- 
erate any coumry or group of 
countries insisting it change 
its behavior? Would the 
United States? Would Bri- 
tain? How about Israel? Or 
Cuba? The answer is obvi- 
ously "no!" Mr. Segal writes 
more like an opium baron of 
the I9th century than a late 
20th-century Asia specialist. 

• The Chinese leaders dared 
to move heir decrepit state 
economy J toward a market 
system that has become the 
hottest onthe globe, a market 
that attract the major trading 
nations like bees to honey. 
With no rhap to guide them, 
and with one midcourse cor- 
rection ajtcr another, they 
have arriwd at a near -mira- 
culous transformation of 
China’s • economy. This 
achievement is vastly under- 
rated in tip rest of the world, 
where maiv smaller and sup- 
posedly well-off nations have 
populations that are not 
totally will-fed and clothed. 

Mr. S^jal calls China “a 
weak poyer." If the world's 
most populous nation, with the 
honest ejonomy, the largest 
army, nullear weapons, space 
satellites! ICBMs and a per- 
manent sat on the UN Se- 
curity Goncil is considered 
weak. 1 an hard put to find a 
term tint sufficiently de- 
scribes oc diminutiveness of 
most Western nations. 

As fa Asians deciding to 
follow t|c West in “teaching 
China tfcu it cannot throw its 
weight around,” dream on, 
Mr. Seal. As tor suggesting 
that thelVest can deny Beijing 
“die aHlity to set the agenda 
in the .South China Sea," 
would Europe allow China to 
set the jgenda in the English 
Channa or the North Sea? 

And is for reality dawning 
“more j fully in Asia," I 
strong n believe that the place 
where "reality should be 
dawning is in the West. We in 
tiie We$ must objectively as- 
sess Chha, where it is headed 


and how we and our children 
should best deal with China 
for our own peace and 
prosperity. 

JAMES R. FEES. 

Brussels. 

Regarding " Trying to Win 
Over the World, or Foreign 
Policy as Love-In " f Opinion. 
Nov. 4) by William Pfaff: 

Mr. Pfaff" s frequent dia- 
tribes against the evangelistic 
tendencies of American for- 
eign policy are often well- 
founded and on the whole 
salutary. But he has gone 
overboard in this article. 

He says that “Americans 
want the Chinese as customers 
but also as converts to Amer- 
ican ideas" and that America 
wants cooperation with China, 
“but no ‘Asian values,' 
please." 

He also says that America 
“wants trade relations that 
give American business ac- 
cess to 2 billion potential 
customers" but does not 
want “prison labor exports, 
nuclear technology diver- 
sions, pirated software or 


awkward trade surpluses.” 

One might ask Mr. Pfaff 
what civilized government or 
people does want these 
tilings. Outlawing such beha- 
vior is essential to the estab- 
lishment of a civilized inter- 
national order. 

CHRIS PETROW. 

Neuil I y-su r-Se i ne, 
France. 

Romania's Task 

Regarding “ Bucharest 
Works an Its Image" (Oct. 

soi- 
ls Romania wants to be ac- 
cepted into the Western 
world, it has certain obliga- 
tions. Among them is the re- 
sponsibility to respect the val- 
ues of the democratic world 
by combating anti-Semitism 
and xenophobia and by pro- 
tecting the rights and safety of 
ethnic minorities. 

The Romanian government 
mast take action to combat the 
disturbing rise of an ugly and 
violent anti-Semitism within 
the country. In the last three 
years, monuments to the 


memory /the Romanian 
World WI “fiihrer." Ion 
Antonesf ave been erected 
in threep as part of an 
effort tq a biliiaie this war 
criminal national hero. 

LaslTth, the Bucharest 
daily /spapers Cronica 
Romar/nd Libertatea re- 
ported 5 members of An- 
ton esq government were 
rehabM according to a 
reconPdation by the pros- 
ecutqPeral °f Romania. 

Tiiar, for the first time, 
Ronv acknowledged its 
role / the Holocaust. But 
howf this be accepted in 
light the rehabilitation of 
map of the Antonescu 
gojmenl? • . 

sign investment in Ro- 
ma should not be encour- 
agJr bolstered unless Ro- 
m/ respects the values of 
dijesiem democracies. 

/ BARUC.H COHEN. 

/ Montreal. 

je writer is a senior rc- 
J /i associate at the \ 
(uda Institute for Jewish 
larch. ! 


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|>U*1 u-USo 




PAGE 10 


INTERNATIONAL Hfrj) TRIBUNE, THURSDAY, NOVEMBER 6, 1997 


NEW YORK FASHION 


Time Has Run Out on Designers’ Hollywood Minute 



By Suzy Menkc 

Imrmaiiauai Herald Tri 



^gh 


EW YORK — H 
fashion rely on S: 
its kicks? when e 1 
next to the newly 
lia Roberts front row seems 
what" and the audience yaw 
raffia corsets, pearl -embroide; 
and shake-and-rattle fringing, y< 
that time is up for fashion's He 
minute. 

Although designers on both 
the pond seems obsessed with the 
celebrity and the desire to catch a 
bite of attention at the Oscars, 
needs a new definition of glamour. 

With straight- up celluloid se: 
references to film noir and a ban 
Las Vegas showgirl looks, three 
signers in New York’s spring/su~ 
season showed different ways of 
ing for a message in the stars. 

Richard. Tyler dresses them. 
West Coast- based designer genuine 
has a Hollywood clientele and the co 
lection he showed was designed to serv 


hit. His show, with Roberts front row, 
was an exuberant parade of fancy pat- 
tern, bright color and wild decoration 
that seemed exhausting as multicolored 
grass-skirted dresses took to the runway 
and even shoes bad swinging silver pom- 
poms like miniature disco balls. A graph- 
ic wheel whirling on the backdrop was 
symbolic of the fairground atmosj 


Upbeat clothes are Oldham's thing, 
and he 


can’t be criticized for doing what 
he does. But everything this season just 
seemed shorter, brighter and tighter than 
ever, even if some effects were cleverly 
done. Long dresses were sprinkled with 
patternsof shredded paper or were woven 
from chiffon scraps like a rag rug — both 
witty takes on Oldham’s penchant for 
recycling materials into madcap objects. 

There seems to be a showgirl mood 
rollicking through fashion, with Alex- 
ander McQueen at Givenchy going for 
Dolly Parian fripperies and even 
" alentino being inspired by die Wild 
esL Oldham is a master of that genre. 


but this show somehow missed out on 
the irony that would have tempered the 
extravagance. . , . 

John Bartlett's take was entirely iron- 
ic — a spoof on film noir that started 
with the runway, where blood-red vmyl 
formed pools on a black floor. When a 
model smoldered out in a ketchup-red 
leather trench that caught a sudden spot- 
light, the effect was sensationaL 

Otherwise, die cinematic ideas never 
made the translation from screenplay to 
stage. Crystal-studded underpants just 
seemed pointless and vulgar. And a 
black sling, like the abstracted straps of 
a backpack seemed uncomfortably like 
a reference to S&M. 

More Ci-ifty were Bardett'scu touts 
an inverted V at the front of sweaters, 
often revealing a flash of flesh but also 
giving a sly signature to the designer’s 
sleek urban pieces. When the bold crystal 
marlft a giant cross on sheer stretch 
tops, they had a modem glamour. So did 

3.U. r 1 Aatra vw mH 


show, the model looking like Kim Novak 
turned serial kilter. And the crisp shins 

i i H n n i tmnf i» iTimum r w - rti liA i t 


am d 

bed (I 

tie M 
and | 
tike r 


ns inspired by police unttbrms. But w 
film noir needed tighter direction and 
fewer references to other runways Iflse 
old designs from Freda and'Hdirita - 
Lang. ■ '•* 

Should a designer who made a repu- 
tation on sleek minimalist dothes try to 
make another movie? As uwkwarti 
double- layered skirts flapped out on the 
runway above ortbapcdicsaodals, Marie 
Even's $how just didn’t look like his 
fresh, easy, streamlined pieces. Pleas 
inserted into the side of a dress looked 
forced and so did fringes visible from 
the waist under a semi sheer dress. 

But Eisen had worked hard on fabrics 
and they were an effective way to enrich 
his simple clothes. “Refracted linen” 
described a gauzy, texture of a simple . 
dress and the show opened with a shim- A- 
-mering pattern exploding like a sunburn 
to fine effect. - 


sequins twinkling on matte chiffon. 


iewed on a big stage or a small 
screen. Tiler's evening dresses, or even 
his white leather jackets with fretted 
foliage, might seem like shows toppers. 
But with the clothes shown close-up and 
personal in the designer's Gnamercy 
Park mansion, the focus is entirely on 
thedetaiL Intricate effects, from the twin 
shoestring straps from which a slender 
dress is slung, through the embroidered 
lace that plays peekaboo with the legs on 
an asymmetric dress, are the designer's 
strength. And also his weakness. 


Richard Tyler's glamourous asymmetric dress with curving train. 


T YLER overindulged his pen- 
chant for fine needlework and 
decoration. Sometimes the ef- 
fects were beautiful, like the 
passementerie trimmings on the seams 
of a beige suede jacket, or when tiny 
tucks shaped a pale pink chiffon bodice. 
Other things just seemed indigestibly 
complicated: the sheer and matte fabrics 
opening windows on the body, the lace 
inserts like jigsaw-puzzle pieces, the 
extraneous strap at the waist. Maybe 
Tyler has been emboldened by the fact 
that other once-minimalist designers are 
encroaching on his tenitoiy. Bui his 
strength is in subtle decoration and that 
was the best of his show. 

Todd Oldham is not a man for the 
subtle gesture but rather for the big bold 


BOOKS 


-IT 


JANE AUSTEN: A Biography 

fly Claire Tomalin. 352 pages. $27 JO. 
Knopf. 

JANE AUSTEN: A Life 

fly David Nokes. 578 pages. $35. Farrar 
Straus Giroux. 


Reviewed by Joan Aiken 

T WO new biographies of Jane Austen, 
almost simultaneously. Both books 
possess many virtues, and are highly 
readable. They are also as different, one 
from the other, as two books covering the 
same limes pan and making use of the 
same material can very well be. Little 
new information is provided, but new 
insights are given on existing facts. One 
book adopts the severely factual, the 


other tibe slightly fictional, approach. 

ticking fim 


Claire Tomalin, while sticking Firmly 
to facts, never lets her readers forget that 
what she describes is the 18th century, 
more than 200 years distant, in its opin- 
ions and habits, from our own viewpoint. 
On Dec. 16. 1775, Gilbert White, in his 
Hampshire parsonage, noted, "Fog, sun, 
sweet day.” On that same day, in an- 
other Hampshire parsonage, about 20 
miles distant. Jane Austen was bom. 
Tomalin offers a vivid description of the 
hard winter weeks that followed at 
Steventon — snowdrifts to the lops of 
the gates, birds at the kitchen door for 
crumbs, hares venturing into the gar- 
dens, while “Mrs. Austen lay upstairs in 
the four-poster, warmly bundled under 
her feather-beds” and Little Jane could 
non be taken out for a church christening 
by her father, George, until April 5. 

David Nokes has a very different 
opening: He takes us first to mdia, to the 
isolated and melancholy outpost of Ty- 
soe Saul Hancock, husband of George 
Austen's sister, Philadelphia, and offi- 
cial father of Jane Austen s cousin El iza. 
In fact Eliza, who subsequently married 
the Comte de Feuillide, was believed by 


many to be the daughter of Warren Hast- 
ings, governor-general of India. Hastings 
was a friend and connection of the Aus- 
ten family, and his young son was cared 
for by Jane Austen's parents, who took in 
pupils and boarders to eke out George 
Austen’s meager clerical stipend. 

On visits to Steventon, Eliza Han- 
cock, clever and sophisticated and some 
years older than her cousin Jane, flirted 
with Jane's elder brothers, took part in 
Austen family theatricals, was a decided 
literary influence on Jane, and is sup- 
posed by many critics and biographers to 
be the original of Mary Crawford in 
"Mansfield Park.” Hitherto biogra- 
phers have been waiy or tactful about 
Eliza Hancock's parentage, but, since 
Warren Hastings took continual interest 
in Eliza and gave her several handsome 
presents of money, his connection with 
her is now generally accepted, and cer- 
tainly by both ihe present biographers. 

A second "family secret” hitherto 
little mentioned is the existence of Jane 
Austen's brother George, 10 years older 
than Jane, who "never learned to 
speak' ' and was boarded out for the rest 
of his Life in another Hampshire vllage 
along with Thomas Leigh, Mrs? Aus- 
ten's mentally defective brothel - . This 
George Austen long survived his sister 
Jane and lived on into his 70s. 

Concluding her biography. Tomalin 
looks back over Jane Austen's life to 
debate which of the many roles Austen 
played in her short career best represents 
her — brilliant child, affectionate sister, 
dutiful daughter, loving aunt, social but- 
terfly. teenage flirt, dedicated author — 
and selects, as her own personal choice, 
the adult writer who, for her own amuse- 
ment, transcribed comments on her 
books by people she knew and chuckled 
over them in private. 

What makes Jane Austen so irres- 
istible? Is it because she wrote only six 
books, and they are so perfect? 

And yet they are not quite perfect. 


Tomalin points out a few flaws. She 
suggests that the character of Marianne, 
in "Sense and Sensibility," which began 
as ‘ ‘a sometimes crude portrait of a self- 
indulgent sixteen-year-old," becomes 
altered as the writer's appreciation of her 
characref grows, as she develops the por- 
trait and traces out her history. And the 
repulsive pairs of sisters in "Pride and 
Prejudice” and "Mansfield Park," the 
Bingley ladies and the Bertram girls, are 
little more than outlines, left over from 
early drafts; they do not compare with 
Austen’s real villa! nesses. Mrs. Norris. 
Lucy Steele. Mrs. John Dashwood. 

What genetic explosion made Jane 
Austen the writer she was? Tomalin has 
a charming comment on "Emma," 
which, she says, “like a suing quartet or 
a sonata ... grows in the mind with each 
new encounter." 

Jane' Austen’s brothers ail displayed 
literary ability, and so did her nephews 
and nieces. Most important of all, her 
mother, that somewhat enigmatic figure, 
had a remarkable gift for knocking off 
comic verse. 

Both these biographies convey, very 
strongly, the constant shortage of money, 
the straits, the struggles, the shifts and 
contrivances that the emerging middle- 
classes were going through at that time. 
Country gentlemen, on the fringes of the 
aristocracy, had more children than they 
could provide for, the sons had to 
scramble somehow to college and then 
into the navy or the church: the daughters 
had to find themselves husbands. 

Which of these engrossing books 
would 1 take to a desert island? I would 
take Tomalin’s — because I prefer to 
make my own guesses about the mental 
activities of historical characters, and not 
have them dealt out to me, ready-made. 


Joan Aiken has just finished “ The 
Youngest Miss Want,” a Jane Austen 
spin-off. She wrote this for The Wash- 
ington Post. 


BRIDGE 


By Alan Truscott 


AMMAMET, Tunisia. 
— A great French team, 
laying with determination 
nd accuracy, looked as if it 
/as headed for victory in the 
rorld championship. After 
12 of 160 deals. France led 
gainst the United States by 
4 imps. The French players, 
U past or present world 
[tampions, were Christian 
lari, Frank Multon, Alain 
£vy, HervcS Mouiel, Paul 
hernia and Michel Perron, 
he first four were winners of 
ie World Olympiad Teams a 
sar ago on die Greek island 
’Rhodes. 

They took the lead at the 
art and steadily increased it 
lieir opponents, the reigning 
lam pions in this contest for 


the Bermuda Bowl, were 
Nick NickelJ, Dick Freeman, 
Jeff Meckstroth, Eric Rod- 
well, Bob Wolff and Bob 
Hamman. 

The United States seemed 
almost certain to capture the 
Venice Trophy for Women's 
Teams. The American team 
led China by 31 imps. The 
American squad consisted of 
Mildred Breed. Tobi Soko- 
low, Lisa Berkowitz. Mar- 
mesa Letizia. Jill Meyers, and 
Randi Mon tin. 

In the diagramed deal. 
Multan for France judged 
well by continuing to five 
hearts over five clubs as 
shown. No doubt he judged . 
that someone could make 11 
tricks. Nobody doubled, and 
he quietly went down one 
trick after West chose to lead 
the club king. In the replay. 


the opening bid was one club. 
After a slow auction. Levy 
was doubled in five clubs, 
which proved unbeatable. 
East maneuvered a discard of 
a diamond loser on the heart 
ace, and lost just two spade 
tricks. That was 12 imps to 
France. 

In the Venice Cup final, 
China saved in five hearts 
over five clubs and was 
doubled for a loss of 1 00. The 
Americans were permitted to 
play in four hearts, making 
for a gain of 10 imps. 

Brilliant defense can defeat 
four hearts. West must lead a 
spade, and East must continue 
spades when he g ains the lead 
with the heart king. Then the 
defense can ruff a spade, since 
East has an entry with the dia- 
mond ace. This was actually 
achieved by the Norwegian 


defenders. Erik Sadensrniftde 
and Boye Brpgeiand, en feme 
to a victory in the playoff for 
the bronze medal. 


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health/science 1 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 6, 1997 


PAGE 11 


’s Spoons: Separating Fake From Real 


By Jojm Noble Wilford 

{g-: Vw York Tones Service •* 

11 »INTERTBUR, Delaware 
— If Paul Revere had made 
aU the silver cups and 
h ' ™ ” spoons attributed to tern, 
be would not have had time for his 
-famous midnight ride. 
ot Cu rators at the -Winterthur Museum 
mere repeal .this wry observation out of 
sefcasperatioo and a sense of triumph, 
exasperation oyer the prevalence not 
z<ttiy of faux Revere silver but of many 
zother misidentified and faked art and 
{antiques on the market, even in respec- 
ted collections like their own. And tri- 
umph because, with high-tech invest- 
igative methods, they are increasingly 
tible to expose artistic impostors. 

| - Over recent years, an and science have 
i intersected in the back rooms of mu- 
V -scums, and in laboratories stocked with 
instruments designed to probe living 
cells, examine mineral structures, inspect 


rocket parts and study Moon rocks. exhibition, "Deceit, Deception and Dis- 


the talk of pigment and binder, 
chiaroscuro, and pentimento. now in- 
cludes terms from the science lexicon 
like X-ray fluorescence and infrared 
spectroscopy. 

■ The role of scientific analysis in the 
art world is beginning to share a place in 
the public galleries. Two years ago, the 
Metropolitan Museum of Art in New 
York beld an exhibition, "Rembrandt/ 
Not Rembrandt," lo show how X-ray 
and nuclear radiation technologies 
helped reveal the methods of the Dutch 
master, detect changes through restor- 
ations and separate real Rembrandts 
from the works of pupils and imitators. 

At the Winterthur, a museum on die 
manicured grounds of a former du Pont 
estate that specializes in early American 
paintings and decorative art, curators 
have gone public with the fakes in their 
collection and examples of how they 
used science to find them out Their 


covery,” runs through Jan. 31. They and 
other investigators of art fakes will de- 
scribe their methods Saturday at a con- 
ference, "Scientific Analysis for Art's 
Sake." 

"In the public mind, art and science 
are like oU and water — they don't 
mix," said Charles F. Hummel, a curator 
emeritus at Winterthur. “We find them a 
good mix, enabling us to authenticate 
and identify materials and also under- 
stand how to restore genuine pieces." 


U SING space-age technol- 
ogies, for example, scientists 
at Winterthur have deter- 
mined that in a collection of 
more than 1,000 silver pieces, sup- 
posedly by early American silversmiths 
like Revere, 76 percent of them were not 
genuine: most are 20th-century copies 
meant to deceive collectors. 

They also exposed forgeries of letters 
by George Washington and portraits by 


TAGHeuer 

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20 Rocks ahead 
30 Actress Blakl ay 

33 ‘The People's 
Court' judge, 
now 

34 Stow 

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37 Completely sold 
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40 Highlander 

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Charles Willson Peale. That desk on yearn ago that the style of the painted chemical compounds present 
which Thomas Jefferson was supposed decoration appeared to 'be 19th century, the object. These fingerprints are 
to. have written the Declaration of In- So they subnutted 'a. tiny sample of the then compared with those of knov 
dependence, they discovered, was ac- paint to chemical analysis by an in- compounds. 


tually a replica that over the 


tyearso 

to be regarded as die real dung. “De- 
liberate faking still goes oa,” Dr. Hum- 
mel said, “but it's not as big a problem 


strument known as a Fourier transform 
infrared spectroscope. 

Bombarded with infrared light, in- 
visible to. the human eye, a sample reacts 


as the. passing off. of good-quality re- in a way that-produces a computer-gean- 
productions as the genuine article." In crated “fingerprint" of ‘the. different 
the latter case the owners, nor 
the makers of the piece, per- 
petuate the fraud. 

Curators and scientists are 
still debating die provenance 
of a beautifully painted chest 
in the Pennsylvania German 
style. Tbeir examination ■ of 
drill holes, nails, and paint 
chemistry -reveals that the 
date painted on the lid — 

1792 — is undoubtedly a de- 
ception. The r emaining ques- 
tion is whether the Himrnel- 
bergerin chest, was actually 
made in thelate 19th century 
or early in this century. 

Suspicion was cast on the 
chest, acquired by thedu Pont- 
family in the 1920s, when ex- 
perts in antiques noted a few. Dwight P. Lemmon, director, of the museum. 




then compared with those of known 
compounds. 

In this case, a green pigment was 
revealed to contain a. large amount of 
copper stearate, a paint additive not in- 
troduced until die late 19th century. 

• In further tests, peg holes in the chest 
were' X-rayed with much the same en- 
ergies used in a dentist’s of- 
fice, and this produced the 
'most telling evidence, re- 
called Gregory Landrey. 
Winterthur’s director of con- 
servation. The holes had been 
made with a type of drill not 
available in 1792. 

' And then there were the 
nails. “From the outside," 
Dr. Landrey said, "the nails 
looked convincing, just like 
wibught nails, but they were 
not.” The nails had been 
made from wire, a manufac- 
turing technique not common 
until the 1870s, and then 
hammered to look like a 

wrought nail used in similar 

wiDwntur Mnmn chests known to be authentic 
ISth-centuiy furniture. 


Hebrew Script Dated to Solomon 


By Caryle Murphy 

Washington Post Service 


W ASHINGTON — A 13- 
word scrap of Old.Hebrew 
script about a payment of 
three shekels of silver to 
King Solomon’s Temple in Jerusalem' 
has been dated to some limebetw een the 
7-th and 9th centuries B.C. . making the 
inscription the oldest non -biblical ref- 
erence to the Jewish holy place ever 
discovered. 

• . The conclusions, which were based 
on laboratory tests of the pottery shard 
and analysis of the ancient Hebrew 
scribe’s handwriting, were reported in 
die Biblical Archaeology. Review. 

• The pottery * fragment, brought to 
scholars' attention by its owner, the 
private London collector Shlomo Mous- 
saieff, refers to the transfer of three 
shekels of silver -to "Beit Yahweh," 
which is commonly translated as "the 
House (or Temple) of Yahweh." 

Scholars believe the note, written in 
ink, is an invoice or a receipt for a 
donation to the temple, later destroyed in 
586 B.C. by the Babylonians as they 
forced its people into captivity. 

. "I think it’s aa extremely exciting 
find The rarest of the rare,” said Hershel 
Shanks, editor of the review. * ‘You could 



count on the fingers of your hand ancient 
inscriptions of such importance.” 

. “what this provides is the context for 
the biblical narrative,*’ Mr. Shanks ad- 
ded. * ‘It doesn’t prove the Bible true, but 
'it fleshes out the real-life world in which 
it was created". 

Prior to this find; the earliest mention 
of the temple apart from biblical texts 
was found oh a pottery _shard excavated 
at Arad, Israel; several-years ago. That 
was dated to tbe6tk century B.C: 

The origin of MoussaiefFs fragment 
is unknown; said Mr Shanks. "No one 
knows or at least they are not talking," 
be added; 

This is common on the private an- 
tiquities 'market, he. said, noting that 
valuable ‘ items sometimes turn Up after 
being stolen from excavations or ille- 
gally excavated. rt Fin not sure Mous- 
saieff, knows himself" where the shard 
was found, Mr. Shanks said. 


T HE 13 words of. ancient 
Hebrew on the piece of pottery 
read: 1 ‘Pursuant to the order to 
you of Ashyahn the King to 
give by the hand of Zecharyahu silver of 
Tarshish to the House (or Temple) of 
Yahweh. Three shekels." • 

The shekel was a measure of weight 
equal to about 1 1 grams, Mr.Shanks" said. 


Scholars are not certain where Tarshieh 
was, but some believe it was in Spain. 

The note "directs someone, who is 
not named, to pay silver to the temple 
and it's ‘not clear if it's a receipt, or a bill, 
or an invoice, or a direction for pay- 
ment,’ ■ said P. Kyle McCarter Jr., chair- 
man of .the department of Near Eastern 
Studies at Johns Hopkins University and 
one of the scholars who has examined 
the piece. . 

. Notations on potteay “was a standard 
way of making a quick record," added 
Dr. McCarter, who believes the frag- 
ment dates to the late 9th century B.C., 
when Joash was King of Judah. 

“Joash” and “Ashyahu,” Dr. Mc- 
Carter explained, are common variations 
on the same name. Also, Joash was 
contemporary with a temple priest 
named ifechariah, he said. Indeed, Joash 
later had Zechariah put to death after a 
dispute. 

Dr. McCarter said that "the writing 
and language and technical aspects are 
so well. done that if the inscription, is 
fake, the forger was extremely learned 
and talented." 

In addition, the laboratory tests con- 
firming the age of chemicals found on the 
fragment strongly suggest its genuine- 
ness, he said. “The weight of evidence is 
very much against thisTbeirtg a fake.” 


A Boost for Chickenpox Vaccine 


By Susan Gilbert 

New York Tima Service 

EW YORK— For 
years, parents and 
pediatricians eag- 
erly awaited the 
approval of the chickenpox 
vaccine in the hope of pre- 
venting a highly contagious 


illness that is usually uncom- 
fortable and occasionally life- 
threatening. But in the two 
years the vaccine has been on 
the market, many doctors 
have disregarded U.S. gov- 
ernment recommendations 
that most children be immun- 
ized. 

Their reluctance stems 


from a lingering concern that 
the vaccine might postpone, 
rather than prevent, chicken^ 
.'po?L- Most infections - occur 
' during childhood, but if the- 
vaccine's effect wears off 
after many years, children 
might face a higher risk of 
getting chickenpox in adult- 
hood, when it is most severe. 


Southern Africa 
Trade ft Investment 
Summit 


Botswana, November 18-19, 1997 

President Ketumile Masire and fellow beads of state from the region will lead 
discussions at the International Herald Tribune’s third Southern Africa Trade 
ft Investment Summit to be held in Gaborone on November 18-19. The 
Presidents will be joined by business and finance leaders from the region, as 
well as renowned international figures and senior representatives from some 
of the world's leading companies currently investing in Southern Africa.- 





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: Many doctors believe that 
, children are better off getting 
the disease than the vaccine 

- because the illness guarantees 
r. lifelong immunity. 

\ But a new study tilts the 
. - argument in favor of univer- 
sal vaccination. The study, 
followed vaccinated children 
for as long as 10 years and 

- found that most did not get 
H chickenpox during that time. 

More important, the study 
found that the risk and sever- 
ity of the infection did not 
increase over time. 

"If I had shown that break- 
through cases were getting 
more severe over 10 years, 
there would have been an ar- 
gument against vaccination, ’ ’ 
said Dr. Candice Johnson, the 
lead author and an associate 
chief of general pediatrics at 
Children’s Hospital in Den- 
ver. "But, in fact, there was 
no trend toward worsening or 
frequency of cases." 

The study appears in the 
journal Pediatrics and was 
financed partly by Merck Re- 
search Laboratories, part of 
Merck & Co., which malf^s 
the chickenpox vaccine. 

Dr. Johnson warned, how- 
ever, that the success of the 
vaccine hinges on nearly uni- 
versal immunization. If 97 
percent of children were vac- 
cinated, chickenpox would be 
eradicated in 30 years, accord- 
ing to an estimate cited in the 
study. But if just 70 percent of 
children were vaccinated, the 
estimate is that more people 
would have a greater risk of 
getting chickenpox as adults. 

T HOSE at risk in- 
clude anyone who 
has never been vac- 
cinated and vaccin- 
ated children who have not 
had booster shots, Dr. Johnson 
said because die vaccine’s ef- 
fectiveness would probably 
diminish after a decade. 

The findings are unsettling 
news, because ' vaccination 
rates for chickenpox are very 
low. Though there are no fig- 
ures for all children, the Cen- 
ters for Disease Control and 
■ Prevention estimates that 
fewer than 20 percent of 2- 
y ear-olds received the vac- 
cine in 1995. and 1996. 

The center recommends 
that all babies 12 months to ] g 
months • old be immunized 
against chickenpox and that 
older children who have not 
jiad the disease be vaccinated 
before age 13. 




f . - Jii- WT- 1 ": 











PAGE 12 


INTERNATIONAL HERALD TRIBUNE. THURSDAY, NOVEMBER 6, 1997 


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Continued on Page Id i 



Sss ST J-w « 

•wlikSo, 00 20 


V 

& 

•ta. 

'Ss 


\ ’' j :. 




Special offer? 

Yoo TOh to fin™* . Urge-soJe intaniUiOTal gl6jca , 

nordlb 

Noao DEUTSCHE LAMDUBAK« CIHHOU MI ■ 


IttralbSSribunc. 

BUSINESS/FINANCE 


THURSDAY, NOVEMBER 6, 1997 


RAGE 13 


Special request! 

A second opinion is always smart. 

From a major German tank with international experience. 

NORDLB 

MORDDtVTSCHE UNDMBANK GIROEEHTfcAU 


Top Banker 
Turns Grim 
On Japan 

Matsushita Now Detects 
No Sustainable Recovery 

By Velisarios Kattoulas 

Intenuitioruil Herald Tribun e 

a. TOKYO — The chief of tbe Japanese 
.’r central bank downgraded his 

of *e economy Wednesday, saying it had 
suffered a “profound and tong-lasting” 
blow from tax increases in April and been 
iu ® “phas e of slowdown** ever since. 

For the first time, Yasuo Matsushita, 
the governor of the Bank of Japan, said 
he did not see the economy^’consis- 
tently main raining a sus tainabl e recov- 
ety," although he stopped short of pre- 
dicting another recession. 

Tbe centra] banker’s turnabout co- 
incided with two other pieces of un- 
pleasant news for the economy: a de- 
cision by Japan’s biggest car company, 
Toyota Motor Corp., to halt production 
in Thailand, where it has invested heav- 
^ iiy and is the biggest carmaker, and the 
« publication of a Japanese government 
survey showing that gloom at small 
companies was rising. 

After weeks of grim economic re- 
ports, analysis said the sign of dwindling 
confidence at tbe central hank hart in- 
creased pressure on Prime Minister Ryu- 
taro Hashixnoto to take steps to bolster 
the economy. 

Many private economists expect Ja- 
pan’s gross domestic product to grow by 
less than I percent this year and no more 
than 2 percent in 1 998.' 

“His chief job is economic cheer- 
leader,” said John Neuffer, senior re- 
search fellow at Mitsui Marine Research 
Institute, an affiliate of a major insurance 
company. “He needs to instill confi- 
dence in the financial markets and the 
l people that he knows what he's doing.” 
V Members of the governing Liberal 
Democratic Party have accused Mr. Ha- 
shimoto of doing too little to help the 
economy. Half of the seats in the 252- 
sear upper body of the Diet are a! stake in 
an election next summer, and many 
party members support stimulative 
measures such as tax cuts and increases 
in public spending. Business leaders and 
financial markets have pushed for sim- 
ilar measures. 

But Mr. Hashimoto, under a cloud • 
since he briefly included a convicted 
bribe-taker in his cabinet this year, has 
made cutting the budget deficit a pillar 
of his economic policy . Catting taxes or 
increasing spending would represent an 
embarrassing about-face. All die same, 
analysts expect him give in to pressure 
and announce measures to invigorate 
the economy as early as this month. 

See JAPAN, Page 14 



Vuknun P ofetHran, 

Mr. Zini in his leather factory, one of hundreds of small companies on the cutting edge of Italian industry. 

j 

Enterprise Belt Pulls Italy Into Europe 


By Lee Hockstader 

WaJnagum Past Senice 

ZERMEGHEDO, Italy — There’s 
not a cow in sight, not even a leather bar, 
but if any place can be called the raw- 
hide capital of the Western world, this 
must be iL 

In a small valley in northern Italy, 
around 600 tanneries, most of which 
employ just a few dozen workers, pro- 
duce 40 percent of Europe's leather 
supply and about 8 percent of the 
world’s. 

“The European market is now in our 
hands.” said Luca Zini. the American- 
educated sales manager of a tannery 
founded by his father and unde. “We 
have no real competition elsewhere. 
The competition is all right here.” 


SWITZERLAND 


, r rV£NETC? 


riri ii 








KW 12 &- 


This region around the city of Vi- 
cenza doesn’t just soak, dye, stretch, 
stamp, cut and ship the material used for 
Nike sneakers, Gucci handbags, BMW 
car seats and Louis Vuitton luggage. As 
a major manufacturer of machine tools, 
gold chains, clothing and other goods, 
many of them for export, it is also a 
showcase for Italian industry and the 
backbone of the country's economy. 

These days it is also leading Italy's 
rush into what’s known here simply as 
“Europe” — shorthand for the coming 
unification of many of the European 
Union countries* major currencies. Id 
the process, the region that did much to 
transform and enrich Italy's economy in 
the last few decades is hoping for a 
similar revolution to reshape Rome's 
attitude toward business and propel the 
country into the 21 st century. 

That revolution may already be under 
way. With a swiftness that has stunned 
most of Europe, Italy — with the 
world’s fifth-largest economy — has 
gone from laughingstock to long shot to 
a likely candidate to join the single 
European currency, tbe euro, at its in- 
troduction in 1999. 

It has achieved this in barely two 
years with a mixture of a special “euro 
tax’ ’ and budget cuts designed to bring a 
semblance of order to the public fi- 
nances of a country that for decades was 
known for its lack of fiscal discipline. 
Inflation is now running at just 1.6 per- 
cent, less than in Germany. 

Such an austerity program would 
have been more than enough to topple 
most of Italy 's 55 previous postwar gov- 
ernments if any had dared try such a 


thing, which they did not. But tbe gov- 
ernment of Prime Minister Romano 
Prodi has managed to get most I talians 
to grit their teeth, accept the belt-tight- 
ening — and even like it a little. 

* ’There is a fundamental consensus in 
the Italian political class and other elites 
that the answer for Italy is to enter into 
Europe,” said Franco Pavoncello, a 
political scientist at John Cabot Uni- 
versity in Rome. “It’s seen as the an- 
chor to which the Italian political and 
economic system can latch itself to get a 
sense of direction.” 

Nowhere is that more true than here 

See LEATHER, Page 17 


EU Bank Dispute Casts 
France as an Outsider 


livfalnj tn <\a Sfcgl 3 irm iftyWAn 

PARIS — France appeared isolated 
Wednesday after angering many of its 
European partners by insisting that the 
head of France’s central bank be ap- 
pointed as head of the future European 
central bank. 

European Union finance ministers 
clashed over the issue as they met in 
Brussels, and Germany's finance min- 
ister angrily denied suggestions that 
Bonn and Paris had secretly agreed to 
give a Frenchman the post. 

President Jacques Chirac of France 
and Chancellor Helmut Kohl of Ger- 
many met for an hour Wednesday in 
Paris and agreed to hold further talks on 
the subject in coming days and weeks, a 
spokeswoman for Mr. Chirac said Wed- 
nesday night. 

The spokeswoman. Catherine 
Coionna. said Mr. Kohl had made no 
specific comments during his talk with 
Mr. Chirac about France's nomination 
of Jean-Claude Trichet, governor of the 
Bank of France, for the fop job af the 
European central bank. She said only 
that tite two leaders had agreed to dis- 
cuss tbe matter further. 

She said Mr. Chirac had notified Mr. 
Kohl of his decision to nominate Kir. 
Trichet shortly before it was announced 
Tuesday. Mr. Chirac* told the German 
chancellor that the decision “corres- 
ponds to our countries’ interests,” she 
said. 

Mr. Kohl was due to hold talks later 
with France’s prime minister. Lionel 
Jospin. 

The worsening dispute shattered sev- 
eral months of harmony between EU 
governments on the single currency and 
overshadowed a special finance 'min- 
isters’ meeting called to discuss rem- 
edies to the EU's double-digit unem- 
ployment rale. 

As he entered the meeting in Brus- 
sels. Theo Waigel, Germany’s finance 
minister, was asked by journalists 


whether Germany had supported 
France’s nomination of Mr. Trichet. He 
replied, “No.” 

He was speaking shortly after 
France’s junior minister for European 
affairs, Pierre Moscovici, said in Paris 
that it would be "natural” for the first 
head of the European central bank to be 
a Frenchman. 

The president of the European central 
bank will be picked during or shortly 
after the EU leaders vote May 2, 1998. 
on which countries will be eligible to 
join the euro. The bank is lo set a com- 
mon interest rale fur all euro countries 
as of Jan. 1, 1999. 

Most other EU governments, includ- 
ing Germany’s, see the post going to 
Wim Duiscnberg, the current bead of 
the bank’s forerunner, the European 
Monetary Institute. 

The dispute pits Gallic pride against 
German determination. The French 
want to be seen as equal financial part- 
ners in a united Europe, while Germany 
insists that the euro be as solid as tire 
Deutsche mark, the symbol of Ger- 
many's postwar economic miracle. 

Germany has prevailed in most pre- 
vious disputes with its EU partners over 
monetary union, insisting on adherence 
to strict budgetary and fiscal criteria for 
those who join the project. 

Bonn pushed for the European central 
bank to be located in Frankfurt, seat of 
the powerful German central bank, and 
it wants to make sure the European bank 
is as independent of political pressure as 
the Bundesbank in setting monetary 
policy, especially to control inflation. 

France's central bank, on the other 
hand, historically has been more re- 
sponsive to political pressure, easing up 
on interest rates or money supply, for 
example, when the economy needs 
jump-starting. As a result, the value of 
the French franc has tended to fluctuate 
more than that of the Deutsche mark. 

t Reuters. Bloomberg. AP. APP\ 


Asia Is Warned on Rigidity Over Rates 


Bridge News 

WASHINGTON — Lawrence Sum- 
mers, the deputy secretary of the Treas- 
ury, warned Wednesday that a “rigid” 
adherence to foreign-exchange rates 
could invite “disaster” for countries 
with unsustainable current-account def- 
icits and weak financial systems. 

In remarks to the Japan Society in 
New York, Mr. Summers also advised 
countries not to pursue expansionary 
economic policies to offset the adverse 
effects of financial problems after mar- 
ket turbulence. 

An expansionary policy “risks ex- 
cessive currency depreciation and con- 
sequent damage to the financial sys- 
tem.” Mr. Summers said. 


He added that, after the financial mar- 
ket turbulence in Asia, it was worth 
exploring regional “surveillance ar- 
rangements” in which countries would 
encourage their neighbors and trading 
partners to maintain financial stability. 

But he also warned of the risks of 
“financial regionalism” during crises, 
saying that such an approach could re- 
duce funds available to deal with troubles 
and encourage the emergence of blocs. 

For that reason, he said, the United 
States believes that the International 
Monetary Fund must play a central role 
in dealing with financial crises. 

The issue will be discussed at a meet- 
ing this month with deputy finance min- 
isters in Manila, he said. 


Although capital flows to developing 
nations create the potential for im- 
proved growth and living standards, Mr. 
Summers said, "If we are to see litis 
potential realized, it will be critical to 
ensure that these flows of capital are as 
sustainable as they have been strong.” 

Regarding the issue of fixed ex- 
change rates, he said the financial trou- 
bles in Mexico in late 1 994 as well as in 
Thailand and other Southeast Asian 
countries in recent months had shown 
that "in the presence of unsustainable 
current- account deficits and a weak and 
overextended financial system, rigid ad- 
herence to a particular exchange rate 
invites disaster.” 


'As Washington Makes Decisions Lately It’s Almost Always Summers Time 


By David E. Sanger and Louis Uchitelle fiJSboSi pSt^MrXbin^ andAfc 

Summers were forced to accept an 

WASHINGTON — At times in tbe last few weeks, it has oversight board to supervise the 
seemed as if the hand and mind of Lawrence Summers could agency , 

be found lurking beneath the surface of just about every The IRS battle was remarkable be- 
tangled problem facing the White House. . cause in Washington these days, Mr. 

When President Bill Clinton finally declared a position on Summers rarely loses — or even gives 
global warming last month. Mr. Summers, the deputy Trees- much ground. Once the youngest aca- 
ufrv secretary, led the economic camp that won the day over the dome ever to receive tenure at Har- 
y J vard University, at age 28, he has 

INTERNATIONAL MANAGER g£j|J®aS£l 

' State Denartment and tbe Environmental Protection Agency. Rarely do economists make the 
sSlLg ffiu.S. commitments on its emission of poliut- transition from university life to gov- 
* eminent as successfully as the 42- 


State Deoartment and tbe Environmental Protection Agency. Rarely do economists make the 
SuSkU.S. commitments on its emission of poliut- transition from university life to gov- 

eminent as successfully as the 42- 

He did it with detailed arguments about tbe potential — and year-old Mr. Summers has. 
unknowable — costs to U.S. industry if Mr. Clinton com- Indeed, no one else m his generation 

SS»a£S targets, with no escape clauses. has been in Waslungton for as Ion* or 

5a dayiater, it was Mr. Summers’s ram to Jose a battie, in a senes of such high-^cfileposts. 

Th? former economics professor, now one of the more in- Along the way, he has braised more 
fluentiaHroices^ the aSistratiou, and his boss. Treasury than a few egos, from Republican Lawrence Summei 
SeaetMvRobert Rubin, badlv misjudged die political land- members of Congress Who complain 
secretary kocwti that they have been lectured on economic principles as if they 

“E mnnrhc Mr Summers headed the Treasury Depart- were classroom dullards, to administration colleagues who 
: Fo T Service have fell some sharp bureaucratic elbows, 

menr s effort to rescue . _ . ffaat ^ ^ niV rre ri mated tbe In recent months, as Mr. Summers’s authority and world 

He was so caught up m orc K estrate d Republican onslaught view have expanded, be has clearly tried to tone down. 

‘ TVC Ieamed “ ** * 



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neither necessary dm- sufficient for 
being constractive in Washington's 
debates,” he said recently. 

“After being a professor of political 
economy, I guess now I’d give more 
weight to the political than to the eco- 
nomic than when I first got here.” 

It has been an uneven transition. He 
was the principal architect of the suc- 
cessful 1 995 bailout of Mexico — but 
he was also a lightning rod for Con- . 
gross’s anger about the use of SI 2 1 
billion in U.S. funds, all of w*hich has 
been repaid. i 

* ‘Congress did not want to approve \ 
so huge a loan and then take the blame i 
if Mexico failed to repay and Larry 
became an excuse for saying no,” said 
a Democratic congressional aide in- 
volved in the negotiations. 

Ag-ntr KnniT-hrer * ’He was insensitive to the political 
Lawrence Summers, all smiles lately. issue at stake. He told the members they 

had to approve tbe bailout; they had no 
choice. Well, members of Congress always have a choice." 

In the end, the president made the loan on his own au- 
thority. 

In the last few weeks, Mr. Summers has devoted most of his 
time to the administration’s efforts to contain the economic 
crisis in Southeast Asia. 

Mindful of the sensitivities in Congress, though, he made 
sure this time that the International Monetary Fund took the 
lead and that tbe U.S. exposure was limited to $3 billion in a 
“second line of defense’^ for Indonesia. 

Nonetheless, some colleagues back in academia warn that 
austerity measures that worfeed in Mexico may not fit tbe 
problems of Southeast Asian economies. 

Often he has been called in to play the heavy . When the IMF 
was blanching in August at forcing Thailand to disclose fully 
its key financial transactions, Mr. Summers forcefully re- 
minded officials at die fund that Washington could still pull 
the plug on the aid package for Bangkok. The IMF backed 
down. 

And Mr. Summers is never far from the levers of power. 
When Mr. Rubin and Alan Greenspan, chairman of the Federal 


^ The issue now is where Mr. Summers is headed. There is no 
7 *» question he is eager to break out of Mr. Rubin's long shadow: 
457 He angled, unsuccessfully, for the presidency of the World 
Baric. (The job went to the financier James Wolfensohn.) 

3 ao Re also considered becoming chairman of the Council of 
^ Economic Advisers this year (plenty of academic prestige, he 
39 % decided, but not enough influence), and he was judged loo 
** confrontational to become die consensus-seeking head of the 
emt, National Economic Council. 

isai ‘ Many consider him a contender to become the next Treas- 
ury secretary, should Mr. Rubin decide to return to New York 
2 > 9 B before the end of the current term. Mr. Rubin is among Mr. 
Summers’s boosters. 

lias “He has an incredibly sensitive political mind, as well as 
-& 20 being a brilliant economist,” said Mr. Rubin, who firsr met his 
^ deputy when they worked on the failed 1988 presidential 
* campaign of Michael Dukakis. 

“He is extraordinarily equipped ro function at the in- 


tersection of economics and political reality.” Should Mr. 
Rubin decide to call it quits, however, there are other con- 
tenders to become the next Treasury secretary, including 
Franklin Raines, the director of the Office of Management and 
Budget. 

And there are still questions — uttered off the record — 
about whether Mr. Summers’s sometimes impolitic style 
could prevent him from moving to the other side of the elegant 
suite he shares with Mr. Rubin. 


A UTTLE SOMETHING 
FOR YOUR GREAT 
GREAT GRANDSON 




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for information write ip Comm, aaoi La Chaia-dc-Foods, Swlocrtuvl. 







PAGE 14 


ENTERNAT10NAL HERALD TRIBUNE, THURSDAY, NOVEMBER 6, 1997 


THE AMERICAS 


Stocks Rise as Investors 


-W— MO---- 


Ojoliar in Deutsche- marks fl Dollar To Yen 


1-35 - — 


130 


165 -r 

1997 








»toctco'City : 

Buenos AfresMgnfia,^?; 
Santfoy) ,- i jPSAIBecw 
Caracas C^ftaJ^a 
Source: Bloomberg, Reuters 

Very briefly: 


Ctm^aUtfOwSlifFnmDapaolia 

NEW YORK — Stocks rose 
Wednesday as investors bought 
shares in companies most likely to 
post strong results. 

Drug, technology and smaller is- 
sues led gains in trading that was 
marked by optimism that a slow- 
down in overseas economies would 
not drag U.S. companies down as 
much as was feared last week. 

“We feel very comfortable that 
the U.S. economy will continue to 
grow and dial redly things haven’t 
changed that much,” said Richard 
Jandrain, chief equity investment 
officer at Banc One Investment Ad- 
visors. 


The Dow Jones industrial average 
rose 3.44 points to close at 7,69257 
after trading above its close of 
7,715.41 on Oct 24, the last trading 
day before the index posted a 554- 
point drop on Qcl 27. 

The broader market also edged 
up, with the Standard & Poor's 500- 
share index gaining 1.78 points io 
942-54. G ainin g issues outnumber- 
ing losing ones by a 4-io-3 ratio on 
die New York Stock Exchange. 

Among the rising drug stocks were 
Eli Lilly, which rose % to 67V6, and 
Pfizer, which dosed up 2 ai 73%. 

“If you want good, steady and 
predictable earnings, that is the 
place to look," Mr. Jandrain said of 


drug stocks. 

Cisco Systems led the technology 
sector higher, rising 2 to 85 7/16 
after it said late Tuesday that strong 

US. STOCKS 

demand for new products helped lift 
its first-quarter profit 86 percent 

The technology-heavy Nasdaq 
composite index closed up 6.18 
points at 1,637.33. 

But Intel, the most actively traded 
VS. stock, fell 1 5/16 to 74%. The 
company said it planned to invest 
more Than $400 million in Malaysia. 

Small stocks gained on expec- 
tations for those companies to post 


die fastest earnings growth tn the 
months ahead- Small companies 
also tend to have less exposure to 
overseas economies. 

‘ ‘The market’s leadership is shift- 
ing to small-caps," said Annette 
Geddes at Spears. Beazak Salomon 
& FanelL “They'll have stronger 
earnings growth, while at the same 
time the growth rates for larger 
companies are slowing." 

The Russell 20p0 Judex, whose 
average company is valued at $395 
million compared with $5.6 billion 
for companies in the S&P 500, rose 
2.45 points, to 444.76. Air Express 
International and Jacor Communi- 
cations led the gains. 


. In the Treasury bond market^'- | 
prices were lifted by strong demand? 
for the $1 1 billion in new 10-yeof^ 
notes the government sold Wednes- 
day. Analysts said the demand set n ' 
positive tone for the Treasury's safe! ■ 
of 30-year bonds Thursday. The 
sales are parr of the Treasury's 
quarterly refinancing operation. 

The price of the benchmark 30-* 


Kill *‘r 




6.24 percent from 6.25 percent^ 
Tuesday. 

“Once we get through the auc-' 
tions. yields are headed lower, 1 * said 
Kevin McClintock at Dreyfus* 1 
Corp- (Bloomberg, AP J ! * 








Japan’s Economic Outlook Lifts Dollar Brasil Group Spends 

Bloomberg News terest rates were likely to re- Japan’s continuing troubles ing, traders said. & O *7d 111 ft Yt T4YF T Jtlt'i'iw 

NEW YORK— The dollar main low. — - its economy shrank 2-9 per- The dollar rose after the kjjdlo I TT JJtLtLtfilJ O* Ufi+Mj 


NEW YORK — The dollar main low. 


terest rates were likely to re- Japan 


rose against the yen Wednes- 
day after Japan’s central bank 
governor said the economy 
was not achieving sustainable 


“Everybody is as bearish 
on the yen as they can be,” 
said Richard Koss. invest- 
ment strategist at MFR Inc., a 


japan’s continuing troubles 
— its economy shrank 2-9 per- 
cent in the second quarter — 
have led traders to conclude 
that “Japan is more willing to 


incmsiMivd Heau THbinr growth and suggested that in- fund-management company. FOREIGN EXCHANGE 

~ see the yea weaken," said 

JAPAN: Banker Turns Gloomy strategist ai^B arc Lays Bankf^ 

iuy Mac Frugal’s A falling yen helps the Jap- 


• Consolidated Stores Corp. plans to buy Mac Frugal’s 

Bargain Close-Outs Inc. for as much as $995 million in stock Continued from Page 13 
to create a nationwide chain of discount stores. 

• The Securities and Exchange Commission accused a Far months, Mr. Mat- 

former compliance officer for Bankers Trust Securities susrnta, me central bank gov- 
Corp., Alan Stricoff, his brother and three others of making ei ? or ; ^ steadfastly main- 
$458,200 on illegal insider trading related to ITT Corp.’s t^ed that the economy 
tender offer for Caesars World Inc. in 1994. would stage a modest recov- 

• Sag™, Co.’s first-quarter profit fell 20 percent, to $133 ^ “m heThaSTk £ 

milium. A one-time gam lifted earnings m the year-earlier Wednesday to the 

P 611 , _ Research Institute of Jroan. 

• Air Canada, as pan of a plan to expand its international “Because of a si gnifican t 

traffic, signed a contract to buy eight wide- body jets from rise ^ demand ahead of the 
Europe's Airbus Industrie. The price was not disclosed; the consumption tax increase, its 
planes are valued at SI billion, but airlines usually receive a impact was profound and 
discount from manufacturers. lnnZlnorino " he said, ex- 


a speech Wednesday to the 
Research Institute of Japan. 

“Because of a significant 
rise in demand ahead of the 


^ A falling yen helps the Jap- 
veys reported that they expec- anese economy by making 
ted sales to fall in this quarter exports cheaper in foreign- 
from the previous one. currency terms. Exports have 

“The business oatiook of been the economy's sole 
small and midsized companies source of strength in recent 
is becoming increasingly slug- months, 
fash." the c or po rat ion, which Hie dollar rose to 123.055 


is becoming increasingly slug- 
gish,’’ the c orp o ra tion, which 
lends to such companies, said. 

Meanwhile, Toyota said it 
would halt production at its 
two plants in Thailan d at least 
until the end of the year. 

“The market slump there 
has been getting serious." a 


ing, traders said. 

The dollar rose after the 
Goman government reported 

that unemployment rose to a 
record high m October and 
industrial production fell 1.6 
percent in September.]? ut the 
U.S. currency slipped to 
1.7173 DM in 4 PAL trading 
from 1.7235 DM on Tuesday. 
It also fell to 5.7535 French 
francs from 5.7713 francs but 
rose to 1.4045 Swiss francs 
from 1.4040 francs. The 

? Qund rose to $1.6813 from 
1.6757. 

The mark was underpinned 
by concern about Southeast 
Asia's economic turmoil. The 


yen in late trading from mark is seen as a haven from 
122.065 yen Tuesday. Asia's difficulties because its 

The dollar, however, gave economic ties to the region 
up early gains against the are weaker than those of the 


iuische mark on profit- tak- United States. 


Bloomberg News 

S AO PAULO — The state of Sao Paulo sold conirol of 
a regional electric company Wednesday to a Brazilian 
investment group for 3.0 1 billion reals ($2.74 billion) in a 
key test of investor confidence a week after the nation s 
markets were roiled by devaluation concerns. 

A group led by the Voiorantim group. Banco Bradesco 
SA and Camargo Correa SA won the bidding for a 
controlling stake in Cia. Paulis la de Forca <St Luz, the 
smallest of three utilities that Che state government is due 
to auction off over the next several months. m 

“I was'buliish on the auction, and this is even better," 
said Charles Barnett, an analyst at ING Barings in Sao 
Paulo. “This is very positive for CPFL and For the sector 
and gives a vote of confidence in Brazil. 

The group, called VBC Eneigia SA, paid 62 percent 
more than the state-set floor price of 1.86 billion reals for 
a 30-year renewable concession. Sao Paulo's utilities are 
considered the crown jewels among an estimated $50 
billion in power companies that Brazil plans to privatize. 


• Rockwell International Corp-’s fourth-quarter profit rose 
12 percent, to SI 09 million, reflecting a 33 percent earnings 
rise for its Avionics & Communications unit 

• CNA Financial Corp.’s third-quarter earnings fell 25 per- 

cent, to $121 million, as growing competition among com- 
mercial property and casualty insurers offset benefits from 
milder weather.' Bloomberg, ap 

Buffett Rets on Bonds — and Wins 

Bloomberg News 

NEW YORK — Warren Buffett has made a tidy profit in 
bonds. Over several weeks in August, Mr. Buffett’s company, 
Berkshire Hathaway Inc., bought zero-coupon Treasury bonds 
with a face value of about $10 billion for $2 billion, according 
to Wall Street companies familiar with the purchases. 

Although it is not known if Mr. Buffett has sold any of the 
bonds since August, any that would still be on the company’s 
books would be showing handsome gains. Zero-coupon bonds 
soared along with other Treasuries' recently, as tumbling 
stocks drove investors to the. safety of U.S. government debt 


impact was profound and company representative said, 
long-lasting,’’ he said, ex- “We hope to resume produc- 
□ lain me the sharp drop in tion next year, but it depends 


AMEX 


plaining the sharp drop in tion next year, but 
consumer spending since die on die market.” 
national sales tax was raised' Toyota has no r 


to 5 percent from 3 percent in 
April * ‘Since April our econ- 
omy has continuously been in 
a phase of slowdown. 

“The Bank of Japan does 
not see the economy consis- 
tently maintaining a sustain- 
able recovery." 

Separately, Small Business 
Finance Corp. said smaller 
Japanese businesses were in- 
creasingly gloomy about the 
economy and their prospects 


Toyota has no plans to lay 
off any of its 4,700 employees 

at the plants, she added. 

The biggest carmaker in 
Thailand, with 30 percent of *** 
the market Toyota is the latest «k 
J apanese automaker to be hit gg 
by the downturn there. Nissan mm 
M otor Co. and Mitsubishi jgj 
Motors Corp. have suspended m 3 
or reduced output at several of *5] 
their Thai plants. jjg 

Analysts voiced concern Ǥ 
about how long the plant shut- m£ 


Wednesday's 4 P JUL Close 

The 300 mast traded starts of foe day, 
op to the dosing on Wall Strut 
The Associated Pnas 


Lm 1M OW 


LOT LM Oa» ■ 


because of the weak consumer downs would last “A pro- 
spending. For the fast time duction correction has just 
since April more than half of started,' ' Noriyuki Matsushi- 
the 900 companies that the ma of Nikko Research Center 
government institution sur- told Reuters. . * 


E - 45 

171 


HRb 

lot 

Luted 

Oft 

21 

21 

Stm 

Sift 

5te 

mb 

DM 

214b 

□ 

IM 

IM 

M 

91b 

9ft 

11 

WVb 

TOft 


IM 

12ft 

14b 

IM 

TSh 

Z3ft 

24ft 

1ft 

or* 

91b 

Mb 

m 

Mb 

lift 

Hh 

lift 

£ 

N 

M 

7« 

M 

m 

TIM 

m 

19 

17 

IN 

Mb 

2H 

M 

19b 

Ift 

III 

fl“ 

71 lb 
lift 

21 

»ft 

20 

I9M 

19ft 

0 

■ 

8 

fft 

99b 

91b 

l^b 

m 

111 

T.b 

2ft 

1 

A 

4D 

41 

1 

9b 

4b 

m 

m 

llfm 


INTERNATIONAL FUTURES 


Now. 5, 1997 

High Low Uteri Cliga Opinl 

Grains 

CORN (CBQT) 

5JJQ0 bu mbunum- cents per bushel 
Dec 97 28li* J7BH 278 V? -lit 18£»9 

Mn-98 291 287 288b -2 11H.401 

Moy«a 297 J74 294W lb HU» 

Jul 98 301t< 2981a JWVi -Hi 47,739 

Sap 98 29* V> 292 29214 .1 £775 

Dec 98 293*, 291 292 ontfu 27,052 

JU99 304 300W 301*5 -3 252 

6a. 98 m RL00O Tuw sole* AWtel 
Tun open ki139£48£ off 2M2 

SOYBEAN MEAL ICBOT) 
unions- doOon per mu 
Dec 97 7TVJQ 231 JO 23880 *£00 44278 
Jon «8 23330 276 JO 232.90 >*£00 21127 
M»98 22780 222J0 226.60 +280 2ft927 
May 98 22580 220,40 22120 +140 17,285 
Jill 98 27540 27180 224.10 +1.10 11364 

Aug-W 22540 22230 27100 undv 2,717 
Eri. iotas 36000 Tim **n 27,533 
Tuei open Ini 122356, off I JO 

SOYBEAN OIL ICBOTJ 
64000 Rn-conh per lb 

Dec5 T 25.75 2535 2SJ8 4184 49,515 

Jan 98 25.95 2544 3S.M -084 27J1B 

Mar 98 26J0 25.77 2£B6 -081 1£OT 

May 98 2*38 25.93 2603 +085 91445 

*498 7635 3687 7611 +006 6397 

Aug 98 2605 2580 2583 3 04 820 

Eri. sales 20000 Tun serin 20423 
Tun upon Ml 12429. off 1500 

SOYBEANS ICBOTJ 

5800 bu minimum- cents per bushel 

Not 97 723 7101a 720*-. .9*4 17,764 

Jnn 98 726': 714 723’* .7*. 70749 

Mar 98 731 719'* 727V, +5b 24253 

May 98 735 724 731 h ,4la 17,050 

JUI98 739 72911 73614 +3*1 14017 

Esi vote 76800 Tins sales 69322 

Tim open Inti SO. 755- up 14?9 

WHEAT ICBOTJ 

5800 Du mMfnum. imh per bushel 
Dec 97 360 355 35514 -Tl 51,438 

Mm 98 374'- 370 3701, -T4 77456 

May 78 382 378 379 -3 6492 

M98 385 381 382V. -2 5 I £383 


High Low Latest Chge OpM 

ORANGE JUICE (NCTN) 
t£0D0 fa.- mb oar lb. 

No* 97 7230 7080 7135 +005 1305 
Jm 98 75.90 74.15 7440 -035 21,180 


High Low Latest dig* OpUfl 

ID-YEAR FRENCH GOV. BONDS (MATIFJ 

FFJDOOOO-Dtsdinjpd 

Dec 97 9884 9846 9834-032 1«U» 

Mar 98 9838 983D 9830 -032 10.141 

Jun 98 9786 9786 9778 - 032 0 


Mar 98 79.10 7745 77.75 -645 11844 Jun 98 9786 9786 9778 - 032 

May 98 8230 80.75 8185 -040 £913 Est sates: 80242 . 


EsL Krins NJL Tim solas 6890 
Tun open lot 36806 off 99 


GOLD (NCMJQ 

100 bw at ■ Honan par taw oz. 

No* 9/ 31370 -030 1 

Dec 9 7 316.10 31480 31440 -030 110809 

Jan 98 31570 -030 2 

Feb 98 31780 31640 31610 -030 31828 

Apr 98 319.10 31780 31880 -030 7*433 

Jun 98 321.10 33080 320.10 -030 11348 

Aug 98 32410 30580 32230 4130 4511 

0098 32440 4130 1376 

DOC 98 377.10 32630 33640 4U0 11354 

EsI. iotas 20000 Tim solas 2£2«3 
Tim open M 21 7,937, Up 1 323 

HI GRADE COPPER (NCMXJ 
2£000 lbs.- anil per lb. 

No* 97 9040 9010 9090 +030 1710 

Dec 97 «075 89 70 9045 +015 30519 

Jan 98 NL75 9060 9075 +020 1391 

Fell 98 90.90 9045 9045 +015 1359 

Mar 98 90.90 9000 9060 +030 0862 

Apr 98 9070 9055 9055 +015 1344 

May 98 9180 9080 9080 +020 1406 

Jun 98 9070 +020 1.209 

Jut 98 9180 9030 9070 +020 24*3 

ESL sates 7800 Tim sales £968 
Tue-s open bit 66916 off 81 


Open taL: 116576 off 1.196 

ITALIAN GOVERNMENT BOND (UFFE) 

m.200rn«bn-pfiailOQKl 

Dae 97 11183 11186 11171 -017 112872 

Mar 78 11189 11183 11185 -016 2806 

Jun 98 NT. NT. Ill JS -016 114878 

EsLnriu: 2£966. Plav. sates. 29842 

Pr*. OpM 114878 op 1,958 

UBOR KMONTH (CMEIQ 

t3niHHan-Dtt oMOOpcL 

No* 97 9435 9434 9435 undv 34089 

Dec 97 9419 9418 9418 undl. 17,163 

Jan 98 9433 9471 9471 undv 4867 

Est «4es 5372 1M sales U34 

Tteri open kit 59337. up 46 


High Low Latest Chgs OpM 

Jim 98 9493 9*90 9490 -004 109340 

Sep 98 9587 9J03 9587 -085 6&98I 

Dec 90 9588 9572 9582 -006 57873 

Mar 99 9498 9493 9*93 -007 30494 

Est. sales; 34939. Prev. sales: 29,193 
Pie*, open Int- 502379 up 3850 

Industrials 

COTTON KNCnO 
50000 Bsv- certs per lb. 

Dec 97 7245 7289 7111 -037 4£120 

Mu 98 7X55 7330 7336 -022 17872 . 

Mo*98 7435 7*15 7*21 -019 10087 

JU98 7380 7475 7*84 -002 10307 

Od98 7380 7545 7545 -085 812 

Est sates N A. Dm soles 0523 
Tim opmi W 9fc09* off 34 

HEATING OIL (NMERt 


m 39 3U 

I53BJ 27ft 5R 
161 4ft A 

490 2 2* 

385 TO 7H 

Ml INI 18V* 

SS II 16ft 

Ml R Si 

339 m »: 

123 » to 

SB Uh 141* 

91 t 

2S7 2A 2» 


91b +«b 

^ t 

IB. ft* 

ftu * 

77M- -ft 


19 +ft 

16V* -1U 

M -ft 

17ft. +1«h 
7ft 41 
141b 
7ft 

2Rb *19. 


a uvt lift 
Wft ffft 
CP* 7ft 7V. 
IS II Mft 
1« W Ml 

la in* tm 
m in in 

(If 

ss ^ h 

m «i* iw 

US *Hb M 

1H 

m n t 

im fib n 


OS 4136, 

2U4 6ft 


MI 1M wx 

in in* in 

299 23V* 23 

US 1VV* 11> 

I ns ss 


ft ^ 

b r a 

tS* 7?f r?. 

mi lift 17b 

® 13 U A 
ft ft. ft 

4V£ 4> «ns 

a iv, 

716 7»e 7ft 

PEE 

n* 7u «* 


; : |l «*1 |M K 

SiSuJif. n 


U S. STOCK MARKET DIARY 


lodeifts 
Dow Jones 

Opm nigii Lw unt Ota, 

tSS $2 

UlB 24441 3401 ZUJ3 SUJO -027 

Cmp 2512JO KH21 230295 251239 +L5S 

Standard^ Poors 


Most Actives 


121719 261b 244b 23U +Ur' 

W 69 66ft Mftb -11h> 

pi 30ft 797b 29U +118.. 

51945 70 69V. ft9*k +i, c 

50608 47ft. «■*» 46 Vi 

46684 114V* IMftlOTbb 
44585 3SH 33 ft J4 *« 

44274 lift II II 


JB 

iUDEMABSPlGUFT 

a, h i nm ■ m ■■< *■■ 

•OUR AIM IS TO CREATE 
THE FINEST WATCHES IN THE WORLD.* 


Pnitan ToOqr Mack' 

Mm Lm On. 4 PAL PhBMori 

IndusMals 109730108785109680 109&12 5® 
Tinm. 68331 67186 67685 67486 SaSpPa 

UIBHtes 30-8,49 20734 20034 20733 ary* 

R nance 11282 111.15 112*48 11118 Cmptwn 

SS2 Si- 40 942-54 

SP100 89886 89081 89730 897*40 

NYSE Nasdaq 


3*4 34*b tlftr 

ii 


40941 nm. 871* 87Hb 

48487 42ta 41+k 41ft 

37466 47ft MV* 4714 

37354 49ft 47te» 48*« 


36179 Ift 


Est safaMJno Toes selm 11822 
Tucs open ml 104.059. Off 125 


Livestock 

CATTLE KMGR) 

40000 «*■ cents pc* Hb 

Dec 97 66.97 6687 66.75 -022 38.495 

Ft* 98 68-95 6885 68.92 +002 26126 

Apr 98 72*42 7207 7237 undv 1*676 

Jan 96 7005 6980 70 02 + 0.17 16739 

AIM 98 70.05 6985 7000 +035 i6l6 

Odes 7280 71 60 77.00 +080 1.164 

Esi sates 1 1-599 Tim sales 10.721 
Tiws open Ini 9*816 up 640 

FEEDER CATTLE (CMER1 
saooofa.- cents per lb. 

Nov 97 77.70 77.30 7787 +002 *866 

Jon 98 7B.TS 77 75 78.03 +087 7.023 

Msr «8 78.15 7785 7805 +015 2^70 

Apr 98 7880 78.15 7BJ0 +0.10 ljM9 

May 98 79.10 7880 78.95 +ai0 808 

Aug 98 8680 ondi 318 

Est soles 2479 Tim sates 3.101 
Tun open M 16989. off 659 

HOGS-Lm RMER) 

40JXM feL- craft Mf 10. 

D« 97 6177 6102 6110 -002 18,939 

Feb 98 6127 62J7 6175 -007 9,972 

Apr 98 £005 5932 5960 +032 *226 

Jon 98 4695 6632 6642 +602 1051 

Jul9B 652S 6*40 6185 +038 W34 

Est. scries 6502 Tim sales 7.182 

Tun open Int 37.911 up 708 

PORK BELLIES (CMERJ 

40000 Bk.- cants per Ul 

Feb 98 64-75 6137 4155 -142 £978 

Mar 98 6620 62JB 6132 -165 924 

May 98 6*40 4230 42J0 -100 298 

Est. sates 1971 Tim sates 1.747 

Tim qMi Int 7473. up 32 


Food 

COCOA (NCSE) 

10 Betrte Ions- S per Inn 
Dec 97 1618 1582 1612 

Ma-98 1654 1424 1454 

May 98 1681 1455 1481 

Jut 96 17W 1473 1700 

Sea 98 1719 1699 1719 

Doc 98 1740 1715 1740 

EG. sates 16355 Tun solas 2L734 
Tonepen W IIR734 up H3J 


SILVER INCM70 

£000 troy uz.- csnft per tray cs. 

No* 97 +140 2 

Dec 97 48650 48100 487 JO +150 57,874 
Jan 98 49.10 +150 31 

Mare* 49*00 488J0 493.30 +Z40 73J93 

MOV «8 496.5B 491 JO 49610 +140 1772 

Jut 98 49690 49SOO 49690 +140 17B2 

SeP 98 501.7D +2-40 452 

Dec *8 50*00 505.00 50540 +2-40 1320 

Esi sates 10.000 Tim sates 17.821 
Tun open Int 9S96& up 71 7 

PLATINUM {NMERJ 
SO buy a*- Uo»ars per tin* a*. 

Jan 98 408 J0 4ftU0 40*50 -1J0 tlJll 

Ap* 9fi 401 JO 399-90 399 JO -UO 1XU 

JUI98 3*600 39650 39650 -120 42 

EsL so*n 852 Tun sates m 
Tun open Int 11687, all 73 

Oos* Rmrious 

LONDON METALS ILME1 
Deters in i ml Me ton 
Al unri— n (Hteh Crete} 

Spat 1606ft 1607ft 159100 159100 

Forward 163300 1434® 162000 162100 

Capper CalMes (Mgh Grada) 

Spot 197600 1977.00 197600 197100 

Forward 199600 199100 198100 198300 

Load 

Sped 58600 58900 59500 59600 

ForwonJ 60600 60100 60700 60600 


SI mtHon-gls at 100 pd. 

No* 97 9*24 942 2 9*23 undi. 20894 

Dec 97 9*23 9*Z1 9*22 unch. S37J04 

Mar 98 9*20 9*17 9*11 Midi. 432XQ 

Jun 98 9*13 9*10 9*11 unch. 341905 

Sep 90 9*06 9*02 9*04 +0.01 261.125 

Dec 98 9195 9192 9193 undv 271,240 

Mar 99 93.94 93.90 9192 +OL01 15*343 

Jun 99 9189 9186 9307 undv 13*964 

Sap 99 9186 93-82 9304 +601 106840 

Doc 99 93J9 9176 93J7 unch. 87.912 

Mar 00 9179 9174 9178 +001 76165 

Jun 00 9174 93J3 93-75 +601 57,532 

EsL soles 306805 Tim sates 327474 
Tim open lid 179*401 up 1 £713 

BRITISH POUND (CMER) 

61500 pounds. S per pound 

Dec 97 14822 14684 1-4788-60038 49,501 

Mar 98 1A740 1J600 1^728-00038 549 

Jun 98 1.6680 1A540 14450 40038 75 

Est sdet 7082 Tun sales 4U03 

Tim Open M 561 2£ up 747 

CANADIAN DOLLAR CCMER) 

106000 Mon. S perCdn- Mr 

Dec 97 .7173 .7150 .7154 undv 49,171 

Mar 98 J199 .7182 .7184-00001 £736 

Jun 98 .7215 7207 7207-0JXM2 707 

Est series £434 Turneries 7,909 

Tim open tnl 7*87* off 998 

GERMAN MARK ICMEK) 

12U00 HOrtc* S psr meek 

Doc 97 -5*41 sm 5836+60014 6£364 

Mar 98 -5570 -5823 J864+a«®l4 Z733 

Jun 98 5889+40014 1457 

Est soles 18J60 Ton sates 21,452 

Tan opal lid 76749, up 3JH6 

JAPANESE YEN (CMER) 

125 nriUonvan, S pw lOO yon 
Dec 97 5256 5145 517140061 107,398 

Mar 98 5317 5256 5200-60063 1,175 

Jun 98 5391 5090 5391 60065 232 


4UU0 a* OHds per giri 




Dec 97 

9&3S 

57.10 

57.18 

-693 

S&835 

Jan 91 

59.10 

5607 

5857 

-684 

25067 

Feb 90 

59-25 

5637 

5H32 

-079 

16476 

Mar 98 

5845 

57 SS 

57 J7 

-054 

9555 

flpr«8 

56.90 

5627 

5627 

-639 

£656 

May 98 



5*92 

-629 

1945 

Jun 98 



5*47 

-624 

6770 




'• tefft 


tfsAudmon, 

P&*. I67S 


Nasdaq 


609000 610050 609600 610050 funmmbina680£ un^S 11 * 1 
618050 618550 617550 618050 Tim open tell 10680* up 1667 


5W5.00 540500 5595.00 540550 SiTOb'fmnSf S bSISm; ZJ2 Ilf'S “?S 

Forward 5SXU0 S59550 559S50 560550 iizS ? Wl jSa wb .mu fl»<8 7750 17£» 1/650 —150 

Ztoc (Spcdsl Hfcrii Grade) May 98 17*75 17*23 17*25-150 

^ ■» VgU ' nM - 71 " jmSSom ^ Es* SOtei: 1*300 . Pnw. spto, : 12JM 

ftwnnl 123750 123850 125250 125350 Est jQjas ma* fun sales 9.504 Fte*. open W_- 95SOT off 1447 

Igh Law Oase Qkm ooM Umopw M49.7lt.Mf4l9 


Est. sales 22J06 Tim sates 1 £445 
Tun upon bdl 23576 oft £570 

UGHT SWEET CRUDE (NMEIQ 
1500 bbt.- dolors pvbM. 

Dec 97 30.75 2028 2031 -639 89,534 

Jan 96 2022 50.58 2051 -034 57.357 

Feb 98 20.90 2655 20J7 4L2S 37,158 

Mar 98 2053 2052 20J2 -623 21,913 

AprW 30.73 2046 2046 -629 1S471 

May 96 2644 2639 2059 -628 17554 

EsL sates 11 *268 Tim sales 66704 
Tun Open bri 39*37* up 2443 

NATURAL GAS (RMER) 

16800 am bhra. Spar nun Mu 
Dec 97 3495 £415 3-468+6045 58.139 

Jew 98 3440 £368 3412+6044 31,738 

Feb 98 £030 2.980 1022 +0542 2M74 

Mar SB 1690 1640 1680+6033 1*953 

Apr 98 2-345 1320 1345+6015 16210 

May 98 2-260 1240 2260+6015 6354 

E*L sates 2*7tl Urn sates 3*423 
Tun open ht 233JQ2L Off 1J39 

UNLEADED GASOUNE (NMER) 

got rarft pw^ol 3£304 I 

Jan *8 940 3L33 5837 -049 19 JOT 

Fob 98 955 5675 5679 -063 9JB1 I 

Mar 98 60.10 941 941 -041 64M9 I 

Apr 98 6273 61.96 <1.96 -654 *145 I 

May 90 6125 61J71 41.71 -054 *798 

J«1 98 61.16 -049 £647 

Ju<98 6631 -049 3496 

Est. sates 1*209 Tun sites 14*21 
Tim span M 91,21* up £327 

GASOIL OPE) 

UA deters per nwfflc ten ■ tats et 100 ten 
Nov 97 IBD2S 179^5 17975 -ITS 22461 
Doc 97 131 DO lao.25 18050 —123 24304 
Jan 98 18175 1*1.00 181 JO —130 14339 

Feb 98 181-50 181.00 181.25 —130 *924 

MOT98 179 JO 170.75 17975 -675 *019 
Apitt 1 77 JO 17*50 17*50 —1D0 £147 
MOT W 17475 17425 17*25 — 160 1470 

E*t sates; 1*300. Piw. sates: 11364 
Aw. open W_- 96593 off £447 




Lew UMl (ftp. 

ffi w 

«6« 46131 +617 

30630 30L88 +171 

46947 47242 +249 


H m m +ttii 

mm :is 

111*71 77^46 111554 +liS 


Misb Low Lmt 
69M5 68831 69635 


lift 1+h 
344 35*b 
3ft 3ft 


741s 74** 
23ft STl 


153048 40ft 37f* 38 Sb 
134295 86ft 84V. 85ft. 


14V. BSfti +2*V 
9'*W lift. +lW 
ft Vb -tte' 
83ft Dft -JW. 
42!. Sib -Vb 


+21*,. • 


58680 45 C!i 435b 

57173 16ft 25Vi. » 

§127 134ft 132ft 133ft. 

51276 35ft 341* 34 (b 

# *^b 6b. « 


34ls 34ft. 44 

6Je 6ft ^ 

71> Hb +86,, 

*2*1 451* +2M 

24 J4ft 




r.,r 







SM* -'v 




Dow Jones Bond 


20 Bands 

io mamas 

10 Industrials 


Trading Activity 


L» U« Cft^ 


44451 9SYo 93ri I? 94ft 


29ft 30ft 
Ift 9*b 

S3 






•teftteteJAM i«w(i tmteMOriiten] HamttmOlmdn 

Aotkr BdonuOM JW 

4ftwtflp«'nR.MUaivtenMani« natswSirorTi mxn 


LOT dried orge 


High Low Close Chpa Optnf 

MEXICAN PESO (CMER) 

J^janrial oStn S ^oT'.nvjs -domi 31339 

USTaiUieCMEM Mar 98 .11640 .11450 .11460-00461 16753 

81 mMOft. pboriOQ pa Jun 98 .11200 .11050 .110SO-J10674 Z883 

Dec 97 V£0! 9*99 9U0 undv £382 u » r— — » ,» 

Mur 98 9£Q7 9SJK 9567 inch. *851 m 

Jun 98 9530 9*99 9*99 *101 496 Tim open bd 3697* off 1^74 

B MWNTH STERLING (UFFE) 

EsL sales 831 Tim sates 651 £300000 -pb all 00 pd 

Tuffs q*n bit 1675! up 110 Ctec97 9160 92J8 91S9 -QJQ 13134S 

Mar98 9255 92S2 9253 -603 116440 

*.t?T5 B i su “ri«=S T5 JunW 9157 < nu nu -603 79 . 74 * 

SlOabOOOpriibpts&frStBCMOOpd Sap 98 9245 92-63 9244 — OJ32 46108 

Dec 97 100*8 107-S4 107-59 +01 232347 Dec 96 92J7 92J5 92J6 -602 4*645 


+23 21,145 
+24 36141 
+26 1*231 
+24 2978 
♦21 *987 

+22 6898 


COFFEE C(NC5Q 

37500 Ba^ amts par lb. 

Dec 97 15*50 1442S 15125 +695 11524 

M»« 14*50 13625 14350 +195 6^5 

MOT 96 14050 13150 140-25 +*90 2.904 

Jol 98 13725 I32J5 13725 +100 1,TO 

Sap 98 13*25 130.50 13*25 +4.10 1«D 

Esf. sates 1 1^29 Tim sales *844 
Tun open Int 2*946 Up 308 

5UGARW0RLD II (NC5E) 

lliooa lbs.- cams p«*V 

Mar 98 12-35 IJ27 12J2 +003 119.305 

M 98 12.24 1118 1221 +M1 26»2 

i 11.94 1159 11.92 +0ffl 31^5 

Dd 98 1151 11.76 1150 +002 21,707 

Est. sates 1 *437 Tun sates 2S509 
Tueb 0040 tel 197A6£ up 613 


EsL sales 36000 Tim sales 26*04 
nm Open tot 742,751 up 1,182 

10 YR TREASURY ICBOTJ 

5106000 prompts & 32nds of 100 pd 

Dec 97 111-W 11IM1 11163 +01 34£370 

Mar 98 11061 110-23 110-27 + 02 31974 

Jun 98 110.23 +02 110 

Est. soles 7*821 Tim odes 7*151 

Tim open Int 399,45* up 1.542 

US TREASURY BONDS tOOD 

(BpeF5106000-pls&32ndaoM00pcO 
Dec 97 117-23 117-OS1T7-12 -+02600S62 
Mar 98 117-13 116-28 11740 *02 74tJ« 
Jun 98 114-24 114-23 116,23 +02 12.149 
Sep 90 116-13 +02 6006 

Est sales 31 6000 Tim sates 296S62 
Tuffs open H 69*1 9£ up IJ40 

LONG GILT (UFFE) 

£56000 • pts & 32n4s oHOOpd 
Doc 97 118-13 11868 118-11 -4MB 164JW 
Mar 98 118-38 T1621 118-26 -4MH 3*033 
Jun 98 N.T. N.T. 118-20 -4MB 
Eri-urie* 46912. Pm. sates: 96*47 
Pm-apenbit-' 196342 up £72 

GERMAN GOV. BUND QJFFE3 
DM256000 - pis 0(100 pd 
Doc 97 10254 102JS 102-44 -4MB 23&S14 
Mar 98 10176 10140 101.7* -617 16S51 
E*j. sales: 96326 Pm.sdea: 96728 
Pm.apenkiL: 346365 off Z9S5 


Mer99 9259 9257 9258 — CL02 5]Jlt 


BRENT OIL D PE) 

U5. Man par tmni . iste onjtoo bomii 

Dec 97 19.73 1955 1958 -4123 5*602 

Jem W 1951 1957 1958-617 54378 
WM 1974 19^8 19^9 -619 26501 

Morn l?.a 1M 19J9 —0,17 *023 

WO 19-2S 1978 -615. £520 

May 98 1937 1931 19.16 -614 £235 

Est sales: 5L234. Pm. rales 36540 
Pm. open MLlrit^a up 94i 

Stock Indexes 

SPOOMP INDEX (CMER) 

250xMra 

SS2S P 8 - 10 WJ 0 * 7X ®*24 

95950 +7.10 16077 


9352 9350 9351 -602 4*075 Jw98 97050 96650 97050 +600 1277 


Est scries: £1,129. Pm. sates: 4*308 
Pm. opH 86: 446238 up 2595 

3-MONTH EUROMARK (UFFE) 

DM1 mBon-pteol H»pd 
Nor 97 9471 9*59 9£27 -053 6356 

Dec 97 9624 9621 9622 -053 306004 
Jan9« 96.18 9616 9613 -4MB 1,470 
Mer98 95L99 9£S4 9574 -056 317^30 
Jun 98 9574 9548 9348 -058 387.177 

Sep 98 9635 9549 9649 —058 206473 

Dec 98 9635 9630 9520 -607 177US4 

Mot 99 95.18 95,14 95.15 -054 193512 

Jun 99 9S52 8*99 8*99 -654 91,97* 

Sep 99 9*M 9454 9*84 -604 76145 

Est sates: 176236 PiKtew 112,119 
Pnw.apenMj 1506871 off £977 

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Jun 90 9573 9548 9548-054 31591 

Sep 9* 9653 9549- 9549 -054 16375 

Dec 98 9579 9574 9574—056 24147 

EsL satet; 415*1 

Qpea lift.' 256457 up 3743. 


EsL sales tiA. Tun arias 101,907 
Ton men U 401 J72. off 1978 

RSE 100 OIFFE) 


R £2 «J> «2S5 +165 46294 

Mot 9B 50125 50125 49475 +117 £721 
EsLaales: 10822. Pm. sales: 6180 
far. open tab 74517 off 870 

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INTERNATIONAL HERALD TRIDUNE, THURSDAY, NOVEMBER 6, 1997 




PAGE 15 


EUROPE 




tin, 

% } - 



.German Jobless Rate 

Hits High of 11.8% 

J Export-Led, Recovery Bypasses East 


G^MlrpavSiffFnmDarxin 

NUREMBERG — Ger many 's 
unemployment rate rose to a new 
postwar record of 11.8 percent in 
October from 21.7 percent in 
September as job losses in the East 
overshadowed a more stable job 
market in Western Germany. 

;The number of unemployed Ger- 
mans rose by 19,000 in October, the 
seventh consecutive monthly rise, to 
a postwar high of 4,516,000, the 


zsi ( 'r<m 


’ -*Ufj V’ n ' Federal Labor Office said 

| Jj,,. / -The rise in the jobless total, whic 

f g it I II J ^ is, adjusted for seasonal swings i 

1 *«0f| { t- emnfovmenti was in lino utti. — 

Hi 




■ 


employment, was in line with ex- 
pectations. 

1 ‘The economic recovery is hav- 
an increasing impact on the 
estem jobs market,” Bernhard Ja- 
'■-c g^da, president of the labor office, 
«U said In the East, the share of the 
export industry is far too low.” 

i The number of unemployed rose 
by only 3,000 in Western Germany, 
but joblessness in Eastern Ge rmany , 
wjmch makes up just one-tenth of the 
national economy, rose by 16,000. 
Analysts had expected most of the 
; increase to occur in the F-ast. where 
' ■ •• .cutbacks in public construction pro- 

\-v.‘ grams have idled thousands. 

I The unadjusted jobless rate, 
r which does not take into account 
seasonal shifts, was unchanged at 
11.2 percent. 

, “We’re gomg to end 1997 with 
.• • > au average unemployment rate erf 
• 1 1 35 percent to 11 .4 percent,” Mr. 

Jqgoda said at a news conference, 
I don't see that the trend will 
next year.” 

Uwe An gen end t, an analyst at 
BHF-Bank in Frankfurt, said, “I 
think it is a bad number, because we 
still have high unemployment and 
the situation in the labor marke t has 
not changed in the last few 
months.” 


He said the West German labor 
market was stabilizing btrt feat the 
situation in the East was deterior- 
ating because of difficulties in the 
construction market and job cat- 
backs. 

Opposition politicians seized on 
the figures to renew calls for Bonn to 
agree to a Europewide jobs pro- 
grams currently being proposed by 
other European nations. 

“This increasingly tired govern- 
ment most not continue to play the 
blocking role,” said Otttnar 
Schreiner, deputy parliamentary 
chairman of the Social Democrats. 

Separately, the Economics Min- 
istry said industrial output unexpec- 
tedly. fell 2.6 percent m September 
after felling 4.9 percent in August. 

The ministry attributed the drop 
to an “unusually late occurrence^ 
of school vacations and said 
September output would probably 
be revised “tangibly higher.” 

It said output was up 23 percent 
from, a year earlier m the July- 

-^‘That makesTi plain that the ba- 
sic tendency for output development 
is still upward,” the ministry said. 

Production of capital goods, a 
gauge of companies’ investment ac- 
tivity and future growth, climbed 
5.1 percent in the third quarter from 
the year before. Basic goods output 
rose 7 percent, while total factory 
output rose 4.6 percent The output 
report does not differentiate be- 
tween output destined for exports 
and domestic oatput 

Germany is relying on exports for 
faster growth. So far this year, an 1 1 
fell in the value of the 
itsche mark against the dollar 
has lifted export manufacturing oat- 
pat as German goods have become 
cheaper in international markets. 

(Bloomberg, Reuters) 


Demise ofE V? The Soros View 


Renter* 

BONN — George Soros, the fin- 
ancier who in 1992 is widely be- 
lieved to have made $1 billion ex- 
ploiting' rigidities of Europe’s, 
e xchang e-rate mechanism, said 
Wednesday that the single cur- 
rency could cause the downfall of 
fee European Union itself. 

“The single European currency 
could destroy the European Union 
because its faults cannot be cor- 
rected by other action,” Mr. Soros 
wrote for fee German weekly Die 
Zeft. 

The man whose concerted 
selling of the pound five years ago 


forced the British government to 
withdraw from Europe’s exchange- 
rate mechanism said fee problem 
was with the inflexible nature of fee 
treaty defining Europe's planned 
monetary union. 

He said fee Maastricht treaty 
governing economic and monetary 
union was fee “embodiment of fee 
mistaken belief that all problems 
can be resolved as long as you set 
the right guidelines. ” 

“An independent bank deter- 
mining monetary policy, together 
wife a stability pact placing strict 
rules on finance policy, strips gov- 
ernments of afl power of macro- 


economic management,” he said. 
The inflexibility of the euro, which 
is due to be set up in 1999. will make 
a common financial policy among 
EMU participants vital, be said. 

Mr. Soros's 1992 windfall came 
as fee British government, which 
had stressed its intention to keep the 
pound in fee rate mechanism, felt 
politically compelled to defend the 
currency. Mr. Soros’s investments 
have come undo* fire, wife Prime 
Minister Mahathir bin Mohamad of 
Malaysia repeatedly accusing him 
erf mnnnting politically motivated 
attacks oa Southeast Asian curren- 
cies, a charge Mr. Soros denies. 


Strong Pound and Strike Cut BA’s Profit 


Ca*frt*fby Om SafFvm U*neta 

LONDON — British Airways 
PLC said Wednesday that its first-’ 
half profit fell to £430 million ($724 
million) from £470 million a year 
ago, saddled by * summer strike by 
cabin crews and a stronger pound 
that cut the value of its overseas 
bookings. 

The pound, which has climbed 
against most major currencies in the 
past year, shaved £128 million from 
first-half profit Bob Ay ling, chief 
executive of the airline, said the 
strong currency was likely to cut 
£220 million from full-year profit 

The cost of fee crew strike, mean- 
while, was £125 million, fee com- 
pany said. Those lcsses were partly 
offset by one-time gains of £15/ 
million from the sale of assets, in- 
cluding Galileo International, a 
computerized booking network. 

Sales rose slightly, to £4.46 bil- 
lion from £439 billion. 

British Airways said it was con- 
sidering launching a low-cost sub- 
sidiary airline, bat had not yet de- 
cided whether to buy a rival or set up 


a service from scratch. 

The announcement was greeted 
with the threat of legal action from 
the founder of fee no-frills airline 
Easy Jet, which offers bargain fares 
but charges passengers for such ex- 
tras as in-flight conee or tea. 

EasyJet’s chair man , Stelios Haji- 
Oiannou, said he would be consult- 
ing his lawyers about “firing a 
warning shot” across BA’s wings. 

EasyJet’s chairman also said BA 
haH held talks with him earlier in the 
year about possibly buying his two- 
year-old airline. 

But BA decided against it on the 


Rosy Outlook Buoys PC Sales in Europe 

Dataquesr said feinl-quaner sales 


Re alert 

’ CANNES — Personal-computer 
sales in Western Europe were better 
than expected in the third quarter, fee 
market-research concern Dataquest 
Corp. reported Wednesday, and fee 
rest of the year looks good, thanks to 
stronger economies and a return of 
consumer confidence. 


grounds th»» it would run into com- 
petition problems wife Brussels and 
could have complicated an EU de- 
cision on whether to clear BA’s 
trans-Atlantic alliance with Amer- 
ican Airlines. 

That alliance decision has 
reached stalemate, with the Euro- 
pean Commission demanding that 
BA and its partner give up 350 slots 
at Heathrow international Airport. 
BA has resisted that condition. 

BA said Wednesday that it ex- 
pected no final decision from the EU 
until early next year. 

(Bloomberg. Reuters. AFX) 


t investor’s Europe 

”1 

.Frankfurt 

London 

Paris 


DAX 

FTSE 100 index CAC4Q 


<500 — • — — 

— ■ 55® 

3250 . 


43QC — 

i-- 5250 

rt 3100 x" 

Jl 

4,00 /W 

T m -)A 

if \- 2950 /fV 

n 

3900-/ —"f- 

Ǥa r- 

» 2800 J T 

\ 

37Dc/ 

r • 

- • 2650f - — 

_,i.. 

3503 J J A S O N 423 J'j A 

s o'n j a son 

1897 

1987 

1997 


Exchange 

index 

Wadnaaiay Prav. 
Cfosa Ctoaa 

' % 
Changi 

Amsterdam 

ABC 

mM - B68.es 

4-7.10 

Brussels 

BEL-20 

2,369.68 2,380.59 

+0.38 

Frankfurt 

DAX 

3,866JB8 3.812.45 

+1 j 42 

Copenhagen 

Stock Market 

622.66 622.14 

+0.08 

Helsinki 

HEX General 

3,569.14 3,51 9 J3 

+■1.41 

OSfo 

OBX 

699.74 69822 

+051 

London 

FTSE100 

4,908^0 4^97^0 

+OJ22 

Madrid 

Stock Exchange 

571.75 568.35 

+d«s 

Milan 

MffiTEL 

15033 14995 

+025 

Paris 

CAC40 

2£22 j 42 2,774.90 

*1.71 

Stockholm 

SX 16 

3^51.82 3J2H51 

+i!a» 

Vlsnna 

ATX 

1317J» 1.30927 

+060 

Zurich 

SPI 

3^4740 3,514.89 

+CL» 

Source: Tet&tufS 


Inmuthrul ItereU TrteK 

Very briefly: 




rose 1 6.9 percent from a year earlier, 
to 4.03 million personal computers. 
Compaq Computer Corp. improved 
its position as market leader, cap- 
turing a 16 percent share. Other big 
winners in fee quarter were Hewlett- 
Packard Co.. Siemens Nixdorf and 
Dell Computer Corp. 


• Russia plans to sell two stakes totaling 16 percent in its 
biggest oil company, AO Lukoil Holding, and 19 percent of 
fee Russia- Belarus venture Slavncfl by fee end of fee year. 

• Siemens AG posted an 8 percent rise in founh-quaner net 
income, to 910 million Deutsche marks (S52S million), as 
gains in international and communications businesses offset 
declines in medical engineering and power generation. 

• Mayflower Corp., a maker of automotive bodies, said it 
was considering a bid for Vickers PLC, maker of the Chal- 
lenger 2 tank and Rolls- Royce automobiles. 

• The European Commission began legal action against 
Belgium. Denmark. Germany. Greece, Italy, Luxembourg 
and Portugal for failing to make .sufficient progress at breaking 
up their state telephone monopolies. 

• Whitbread PLC posted a 1 2 percent rise in half-year pretax 
profit, to £198.1 million (S333.9 million). Sales in the six 
months to Aug. 31 grew 8.4 percent, to £1.63 billion. 

• Daimler-Benz AG will receive no refund lor fee 2.4 billion 

DM it lost in the bankruptcy of the Dutch aircraft maker 
Fokker NV, the newspaper Die Welt reported, citing Dutch 
bankruptcy administrators. BftMmfwv. Return 


WORLD STOCK MARKETS 


Wednesday, Nov. 5 

Prices in local currencies. 

£ TeMuts 

’ High LOW dose Pm. 

Amsterdam *«*■>»*» 


ABN-AMR0 
Aegon 
Ahold 
AtaoNote) 
Bam Co. 

Bats Wesson 

CSMoa 

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157-90 
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107 JO 
177-90 
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5170 

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30.10 3880 
15440 15410 

5130 4980 
343 34440 
14280 13970 

31.10 30.90 
8840 8870 

10630 10550 
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32450 32390- 

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83 80 

8370 8270 
74 7180 
4640 4510 
7430 7330 
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5750 57.10 

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15430 15130 
110 10720 
8570 8230 
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5730 5730 
17530 17530 
118 118 
105 10510 
10580 10540 
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1360 1320 

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580 570 

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7725 

50830 

177 

242 

11080 

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43130 

9945 

570 


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173 

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9880 

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1569 

1535 

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25750 

24750 

24750 

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118 

1.94 

117 

213 

CredbttoBono 

4530 

4435 

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9.90 

1022 

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8850 

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1X7 

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38800 

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177 

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171 

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7.15 

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7.17 

704 


11890 

11550 

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1375 

1351 

1357 

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*07 

*83 

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cawth 

1032 

1021 

1025 

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6X0 

*15 

*26 

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2415 

2350 

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4625 

4450 

4425 

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15060 

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1021 

1030 


2Z750 

77050 

22050 

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4 

388 

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12700 

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13X6 

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10790 

10650 

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1283 

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6525 

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1561 

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16290 

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1030 

2360 

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14975 

27100 

12725 

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Peugeot CO 
Ptroufi-Pttai 
Pramories 
Rewuri 

RN^wtencA 

Sonnfi 

Scteteter 

5EB 

SGS TbomoR 
Sle Generate 


SlGobota 
Suez (CM 
SuezL yai Em* 
Sytrihecoo 
TnorosonCSF 
Total B 

Uskur 

Video 


High Lem 

Safe 

n». 


Nigb 

LOW 

Chst Prat. 

679 

6SH 

65R 

663 

ABBA 

91 

88X0 

90 B7X0 

2800 

7769 

7780 

2728 

AuiDaroan 

219 

217 

214 216 

1927 

1875 

1897 

1863 

Astro A 

123 12050 

121 121X0 

J 592B 156X0 157X0 J 55,10 

ASsfopmA 

235 

727 

230 226X0 

1579 

159) 

1550 

1540 


30*50 

303 


26080 255.10 25950 25380 

Electrolux B 

662 

640 

650 653 

571 

561 

564 

570 

Ericsson B 

35*50 35050 35*50 34*50 

34170 318-70 337X0 32230 

HenresB 

379 

371 

328 318 

705 

6 75 

695 

680 

banfiwA 

6*5 

660 

660 663 

44530 

432 433X0 

441 

bnraterB 

363 

.160 

360 

790 

776 

780 

774 

MoOaB 

719 

209 

211 212X0 

2975 

2911 

7940 

7985 

Narttbanken 

26*50 

260 26*50 2S9X0 

845 

817 

B77 

826 


24*50 

741 

246X0 244X0 

1475 

1*75 

1*75 

14X5 

Sorotefcr 

239 

231 

232X0 229 


421 610 £15 603 

723 4*5 710 TOO 

16330 158-60 160.90 158 

652 637 439 434 

9888 9630 9775 96 

39180 380.70 380L70 38470 



Hong Kong 

CoftnyPodfc 850 
Cheung tow 5575 
CKInfrastnja 


CMdqL ^ 


1970 


5ETtariteri7.il 

PraVtaUK47U3 


244 252 

179 182 

17 1530 
418 
402 
90 8930 
19 2175 1930 
4150 4875 4575 
121 134 142 

62 4530 4530 


S * W *p£5SmB573 


^305 ^318 

< 98 9825 
SS7JS SiOM 57375 
23125 238 249 

18130 18230 185 

25475 25975 25875 
1475 1475 1475 
33275 33530 333 


OfcPtodRc . 3570 
DooHena Bk ^ 20 

PntPodBc 41 5 
Hong Lung Dee 1170 

JESS J 

HenrisncnLd 4130 
HK. China Gas 1430 
HKEtedric 2440 
HKTdeawta) 1435 
JIHdgs 128 
18450 

5475 

KbH*! xua 

Oriental Press 
Peart Oriental 
SHK Props 5730 
ShonTakHdgs 288 
Sino Land CO. 5 
Sta CNoa Post 675 
SwirePacA 4270 
WltarfHrip 1430 
Wheetodt 9.15 




Ital S—t THUS 
Pro ete ew 1878478 

430 475 485 

17-S 1775 1820 
JIB IK 145 
52 5375 5375 
1770 1870 19 

3470 37.10 3830 
3130 3420 3430 
19-10 20 1930 

535 415 6 

ltwo n it 
6730 4975 7175 
A 475 430 
40 4080 4170 
1375 U05 MJO 
2535 2530 2670 
1375 1480 14M 
2.1 B 275 273 

178 18230 18330 
5230 5430 5475 
1630 1435 1730 
2130 2230 2130 
1575 1445 1640 
2635 2490 2730 
2 205 LM 

034 037 038 

5530 57 5875 

235 235 235 

480 498 SAS 

415 62S 450 

3930 4130 4270 
1435 1570 1415 
850 845 9 


:Hkigs 
K3 

tmpl Tobacco 
KMMier 
Lttabrote 
Load Sec 
Laura 

\3L%% 


Jakarta SS 


AstoM 
Bk tail tarion 
BfcNegroa 
GoritngGm 


B£L -2Ptarite Hg39 
Previses 2X038 

1520 1530 1520 
7000 7100 6990 

9000 9000 9000 

1240 3240 3260 

18825 10900 18W0 

1705 L 7 ^ 

BIBO B190 BIBO 
3240 3275 3265 

6740 6750 6810 

1458 M70 14M 

S460 B90 S4X 

14715 14775 14B3 
14400 14C5 14600 
11575 13725 13475 

5050 SUS 
9730 ^2 
327S 3273 3275 
2115 

3060 3070 3065 

123M) 124200 124400 

SToCk taste: (2236 

nertros 622.14 

42S 43043 4M 
34! 344 3g 

983 983 980 

360 362 360 

TS i|jg 

4S3 


Johannesburg 
SSS2KS 

AngtoAm tarf . 

ar" 01 

cSsSritt 

DeBfflfS 

Driefentem 
Fit Mofl Bk ’ 

Grew 

taflwCod 

iSCOC 

ssra? 

AUnoits 

8SS? 


3825 31.10 3170 .3175 
270 K6 Mi 26460 
23170 220 2Z3 20 

226 222 223 ZJ4 

m m u » 

B0 7* 7970 .78 

860 458 860 850 

5*10 51.10 a SI 
23 22 T2X 22X 

115 113 in JM 

25 3405 34.10 34^ 

41.50 3870 4070 3870 

1140 1040 1070 1075 
87 85.10 8450 B5.1D 
44 « 6270 6270 

2175 20.50 r 20a 
2.53 249 2.53 252 

573 54 5450 56 

332 330 321. 



Sao Paulo 


Montreal 

'tata«tiWitodteM2t.l* 
r. Piartei: »6X» 

Boa Mob Goat 

44X0 

4*48 

4*40 

4*18 

CTOiTki A 

29X0 

2916 

29X0 

29% 

CdnUttA 

40 

3911 

40 

39X5 

CT FhriSrc 

47X0 

47.00 

47.00 

4*90 

GczNMD 

1880 

1*70 

IBM 

1BV 

GEWestUtecn 

33 

32V 

32JB 

22V 

frrxrsGt 

X*4t 

4tt.ro 

4*38 

45V 

InmstoaGrp 

46V5 

46.15 

46V5 

4520 

LteowCos 

20te 

1*90 

20V 

1950 

SaH Bk Canada 

2U0 

20X5 

2070 

2035 

Power Coro 

45 

44 

45 

436* 

PowwFM 

44U 

43V> 

44V 

43X5 

(JaaOecorB 

3014 

3110 

30.10 

3Bi 

RogenConffl B 

9^J 

9.15 

9.15 

9J0 

Royal Bk Ota 

77X5 

7545 

77.15 

75X0 

Oslo 


OBX Mae 499.74 



PyevtaiK 496X2 

Aker A 

123 

120 

123 

123 

BetpraenDyA 

710 

205 

210 

205 


BrodeecePId 

BjwurorP«" 

CemigPW 

cesppta 


>Ptd 
UgttSetridos 

pttpfil 

rratBiw nu 

PoubtaUn 
SWftadontrt 
Souza Cnn 
Tetetims PM 
Telemlg 

Tetari 

TEtopPM 
Unllwnai 
UstatetePM 
CVRD PM 


9 50 88 8 

nSRT7KOO 
Si«0 4900 
rarer 8JJX 
1*00 1160 
474 nn 575,00 
yyi 17^ c y j 
43880391010 
jinm 3tMx 
moo 24000 
17000 14110 
37410 3700 
970 9 JO 

127-00 120X0 
140X0 13100 
17170 11500 
345X0 330X0 
2840 2770 
9X0 870 

2110 24X0 


•992751 
W2S4.I4 

8510 885 

709.99 710X0 
A4M 51X0 
83X0 eerei 
1360 13X0 
517X0 521X0 
530X0 51800 
400X0 390.10 
351X0 340X0 
iii m 9oi m 
145X0 14199 
37X0 39X0 
9 JO 9.70 
120X1 12600 
133X0 13*99 
11400 120X0 
333X0334990 
27 JO Z74W 
875 8B0 

2420 2480 


ScantaB 

SCAB 

S-E Barken A 
SlniittiFan 
StanttaB 
SKFB 

_ |A 
lA 


1B7 18450 104.50 18450 
148 161 X 143 ItS 
8350 8150 82 8150 

361 357 360 35950 

291 a*50 290 289 

184 17550 18050 17S 

17850 173 17850 17750 

104 102 10250 1(050 


Seoul C i fBe tai terWffj e 

Pieeioas J42.13 
Oacon 41900 <1900 41900 57400 


SrHandek A 
Vofro b 

25Q 

202 

246 248 

199 20050 

245 

200 

Sydney 

ABtkritarotoi 2B48J8 
PiMaat: 2551X8 

Ancsr 

ANZBUng 


685 

1013 

7 

1028 

10X2 

BHP 

14X5 

1*39 

UXB 

14X0 

Bond 

189 

328 

3X4 

3.90 

Braaftlestod 

2027 

27.10 

2820 

28X8 

CBA 

17X1 

17.10 

17J8 

17X0 

CCAcatl 

1120 

11X5 

1287 

1116 

Coles Myer 

735 

782 

724 

7X» 

Cocreto 

*30 

*14 

*70 

*36 

C5R 

5 

*92 

*99 

5 

Fasten beat 

179 

174 

178 

176 

GaodamHd 

120 

118 

120 

*2! 

ICIAwtmUa 

1181 

1092 

11 

10XS 

Lend Lease 

29.12 

2825 

2BA 

2924 

MIMHdas 

NofAteW 

127 

2127 

125 

20X4 

127 

7122 

127 

2084 

Not Mutual Hdg 

149 

132 

137 

154 

News Corp 

*99 

*78 

6X6 

*76 


Madrid 

Acerinot 


AKMRtodgr 

BffV 


12970 
17 


16 


isS 


7650 


126 W 
16 1650 
96 97 

16 1SJ5 


•woeor 11040 1QS« JW 

KSmllGo Ct2S 4039 4010 4070 

M- bill's! 

i^ nCDf 4170 £1 40 61J0 

IS? 21670 230 216 

7,» TOG 


BcoCartroHtep 
BcoPopritar 
Gat Santander 
CEPSA 
Cotiinefite 

FECSA , 
GunoW 


Kuala Lumpur 


S5JS 

950 

1430 


AMMBHdBS 
Genfng 

PrironosGns W 
Protan 
PuMcB fc 

toorSwerirt 
RcJhtoamPM T735 


870 

277 

110 

645 


London 

me 

Bou 


465 todays 

Iff Baa. . 


BAT M 


ImPmi 


R 


BtG Lend 
Bril MB* 


970 

X1U 

750 

670 

158 

*95 

$40 

'12 

163 

1860 


<70 

H-A. 

“I 


CtaoesIcTSUi 

Piwteer TZm 

5JS 550 570 

950 970 9JS 

1360 K10 M30 
*15 635 6JD 

fjS i IS U0 

m % -- 

^ jg *s 

is 4 & 
a is is 

4X6 478 <1» 


£23-15 

777 7J4 7JB 

857 647 468 

150 153 155 

iS 488 437 

iS SM S50 

i Are »C77 TSJJ7 
7X7 830 ®37 

829 S78 &34 

455 112 

350 146 351 

10,17 1079 1X« 
854 SJB «54 
373 377 la 
1S75 7650 1637 
850 559 &V 

h? HJL 258 
678 6JA 

881 8J9 BS3 



Bobu Mae S71 75 
Prevtote 566.99 

718M 21890 22200 
1890 1905 1900 

5760 5810 5W0 

B560 873B MO 

3960 4010 39W 

13S5 136S 1350 

7010 7070 6980 
2645 2700 2685 
8740 B939 8750 

4070 *125 4305 

4320 4430 4400 

2750 Z770 2765 

6800 6800 6750 
2685 Z705 7690 

1135 1135 1140 
StSO 4870 <450 

1790 1800 1775 

2235 2240 277? 
6310 £350 6300 

1315 1335 13» 

10579 10430 HUSO 
4990 4110 4070 

1385 1395 1390 
2700 2760 27S0 


PSfitarite 190857 
ftwtoex tSSlJ* 

14 14 U2S 

H75 14 14 

97 97 99 

255 250 255 

44 MX 44 
255 M 260 
190 4X5 190 

131 131 132 

890 900 910 

44 45 4350 

440 £50 i» 






HISTORY, THEY SAY r 

HAS A CHARMING WAY OF REPEATING ITSELF. 

Royalty, writers and luminaries of every hue and 
description have graced the historic Hotel L«e Royal, 
Phnom Penh, for much of the early part of this 
century. Names like Somerset Maugham and 
Jacqueline Kennedy who will forever be immortalised 
in our suites. Now lovingly restored. Hotel Le 
Royal, once again, reclaims its rightful pri,de 
of place iAi amongst the 

world’s great hotels. As of 

old, offering respite for 

the weary hotcllebowl traveller, a 

fci^VGii for the BixajsiBDtacAim.M)nv«K0ou»7. Qlscernlng 
modern-day a raffles iwtbbkational hotel businessman 
and a destination for romantics in quest of history and 
charm. Hotel Le Royal, a hotel of timeless civilised 
style where history has a knack for repeating itself. 

For mnOcnte (855) 33-727471 or (65) 33W713. e-mort nrfTteMr iWritepariron kb or 
MHT4wra6 the SmafCuory Note of (to Ktorti 





Den 


HeMundA 
KtejBTwrAsq 
MonkBpto 
MootaaagA 
HycaraeriA 
Otto Ata A 
FtatanGacguc 
PaBl A 


TrowscmQt 

StanfaiariAfa 


2 730 

27 

27.10 

27.10 

31X0 

31X0 

31 -SO 

31X0 

109 

105X0 

106 

108 

42X0 

41X8 

41X0 

42 

364 

353 

360 

355 

391 

318 

389 

383 

m 

223 

771 

222 

182 

182 

182 

181X0 

636 

632 

635 

630 

S24 

s® 

s» 

510 

142 

140 

140 

1*2 

137 

136 

136 

136 

395 

395 

395 

380 

51X0 

51 

51X0 

SI 


> Heavy 
,-JSte 

I Motors 
KoreoaPW 
Korea Eta* Bk 


Dfatay 


LG tern 

rv*4jm 

rVKBig 


Shtahanl 
SKTetocora 


4480 4ZS0 
172DO 16300 
7800 7700 
16600 15800 
4940 <450 

71380 21300 
52500 50000 
39900 38500 

5i4oo snoo 

8480 7480 
387500 387500 


<330 <490 

17000 16800 
7700 9000 

16200 15400 
4700 4580 

71300 19000 
SDSBD SHOD 
39900 37008 
51400 47600 
7960 6040 

387500 359000 


ProSic Dunlop 
Ptanwlncl 
PvtaBroodam 
RioTMO 
St George Ba« 
WMC 


jP«l 

WboMdiB 


2X8 3X1 

37B 3.71 

855 LS 
1735 1730 
8.72 165 

539 5.18 

178 £L5B 
1225 12X3 
432 459 


3X0 105 
332 338 
855 8J0 
1735 17XS 
830 B3D 
533 530 
B76 858 
1220 1235 
*32 *31 


Paris 



BoteataL.- 
Piute nu 

63X0 44X0 4*40 
1£lX 1856 I W0 
33X0 3*00 3*00 
14X4 1490 1*56 
4230 4250 HAS 
55X0 5550 
3X6 315 3X9 

3130 3130 3L2S 
36X5 37.10 srx 
14U0 14*40 1*4X0 
1844 1834 1880 



Milan 


“■"SKEiSSS 


.to^ tadr 14795 14320 14310 M405 

a fs & a 



CAW* 2922X2 
PlWtaOs: 2774X0 

1T34 

1056 

1086 

1100 

307 303.10 

30*70 

30L10 

929 

910 

915 

90? 

716 

694 

705 

678 

41019 40*30 

4U8X0 

401 VO 

753 

740 

/40 

738 

431 

417 

COX 

42? 

271.90 

261 

26*90 

249X0 

ID© 

iron 

I860 

1013 

3297 

3180 

3235 

3124 

31*90 31470 

31*90 

31*70 

347X0 341X0 

3070 

339X0 

646 

05 

640 

636 

657 

640 

6© 

649 

606 

591 

22 

«0 

1200 

1200 

1200 

121X1 

926 

910 

970 

909 

749 

m 

736 

716 

883 

053 

©9 

859 

7XS 

7X5 

7X5 

IS i 

m 

*60 

216X0 

6X6 

217 

*45 

219 

734 

719 

733 

714 

387 

381 

38*10 

387X0 

640 

631 

639 

643 

364 357.10 

35850 

35*90 

1727 

ion 

1096 

im 

2172 

2116 

2145 

2072 

1UJ9 

995 

1007 

1008 

328.70 

713 10 

31*60 

312 

■CJ 

mm 

42*90 

476 

27*90 

271 

274 

271X0 


Sinqapora swbTfaM: 1700x2 

3 r P l W te tar 171334 


Aria Pac Brow 
CerebcaPx 

OtrOerib 

Cvcfe Carrion 

Dot yFana im* 

DBSfaretan 

DBSLttad 

RtateANemv 

HALenri’ 

JartMamesn* 

JardSirateole* 

Kegpd A , 

KeopeiBa* 

nvpriMi 

oEbtjii 

OSltataiiBkF 

MmayHdoi 


Stag Lstt 
Stag Press F 
SnoTadiM 
StagTetecwBin 
TriLoABa* 
Utdtadactrkrt 
UMOSeoBkF 
WnoTtaHritp 
•: In US. Mbs. 


4X0 

4X0 

*90 

4X4 

*86 

*70 

*® 

*60 

7X0 

7X0 

7X0 

7X0 

7X0 

7X0 

7.90 

7X0 

0lB6 

8X5 

0X6 

0X4 

15X0 

14X0 

15X0 

15.10 

3X6 

2X4 

3X2 

2X9 

8X5 

830 

8 40 

8.90 

2X0 

136 

2X0 

2X6 

6X0 

*33 

6X0 

*30 

&3S 

12 

3X2 

134 

535 

505 

*10 

535 

2X7 

2X1 

2X1 

2X2 

4X6 

*4 

4X4 

*60 

2X5 

2-37 

2X1 

2X0 

9X0 

9X0 

9X0 

9X0 

6 

5*5 

575 

5*5 

4X8 

*10 

4X0 

*48 

*» 

12X0 


5.15 

11X0 

5X0 

12X0 

*82 

4X6 

*62 

4X0 

23X0 

22X0 

23 

22X0 

2X0 

23S 

2X6 

2X9 

2X3 

2X3 

2X2 

2X1 

2X6 

2X3 

2X4 

254 

0X5 

0X0 

885 

aE 

10.10 

9J5 

9X0 

9X5 

2X7 

2.13 

231 

2.13 


Taipei 

Cotauy Life lita 
CSiengHutaBk 
OAta TongB* 
QitaaDnetafirt 
OunaStad 
FWBortk 
Formosa Phstc 
Hug Noe Bk 
im Coen 8k 
NroiYaPtaSrics 
5ftta Kong Life 
Tahgntenl 


Stack NtariBri leoee 78K3I 
Pterions: 778532 


IttdMkroBeC 

WWribrtflOtat 


143 

100 

7050 

95 

25 

100 

55 
106 

SBJ0 

56 
95 

11850 

32 

70 


140 143 

98 99 

48 7050 
93 95 

2*40 2*40 
98 9850 
5150 5*50 
104 106 

St SO 
5*50 5*50 
90 95 

112 11850 
31X0 3150 
47 70 

59 40 


143 

100 

715® 

. 91 
2*50 
100 
SIX 
JOS 
5850 
5550 
92X0 
111 
32 
69 
40 


Tokyo 

ttS£» 

iSfU 

Asctf Own 
AsaNGtaro 
Bk Tokyo Mtsu 
Bk YBkaharoB 
gridgratate 
Cnooo _ 
□wtatElK 


225:1444*05 

Prerioosli486.il 

1140 1100 114 1090 
ffi 95 «Q 597 
3250 3110 3180 3250 
405 577 584 622 


536 

814 

1660 

491 

2550 

3030 


,1 

480 

S3 


94 

814 


524 

80S 


1630 1430 

491 491 

2520 2540 

3020 3030 


Stockholm sxH 

ACAB 9750 9550 


131 
97 9550 


DolWppPrini 
Date! 
DaPkNKang 
DataaBank 
DtMHHIH 


7040 2000 7030 3037 

;«jo — 

2370 


1 940 1939 
2370 2350 


570 541 570 565 

1050 1030 1050 1050 

*43 407 410 40 

1140 1120 1140 1140 


The Trib Index 

Pncas as ol 3 00 PM Now York me. 

Jan. 1. 1932 * 100 

LmI 

Change 

*« chang* 

yaar to (total 




%ctwngs 

World Index 

166.46 

*0.67 

♦0.40 

♦ 18.97 

Ragianal Inrtam 

Asia/Pacific 

100.29 

>1.47 

-1.44 

-1875 

Europe 

188.48 

re 1.25 

+0.67 

+ 16.92 

N. America 

20695 

♦2.07 

♦ 1.01 

+27.82 

S. America 

Industrial Inriaxo* 

148.06 

•1.56 

-1.04 

♦29.39 

Capital goods 

213.26 

♦2.09 

+0.99 

*24 77 

Consumergoods 

197.20 

+0.82 

+0.42 

+22-20 

Energy 

199.50 

-0.48 

-0.24 

+16.86 

Finance 

119.68 

♦0.29 

♦0.24 

+2.76 

Miscellaneous 

185.33 

♦0.24 

+015 

+2.19 

Raw Materials 

172.79 

+2.40 

+1.41 

-1.48 

Service 

163.89 

+0.23 

+0.14 

+19.42 

mantes 

163.75 

+0.62 

+0.38 

+14.14 

The kHemaaonal HerahJ Tnbuno Worts Slock Index ©hacks ffw US. donor mJubs of 
290 namobnaBy mostobto stocks horn 25 courtnwL For more mtormaton. a fma 
bootdoi s avaHubto by wrung to The Tnb Index. 18 1 Anmm Charles de Gautb. 

9252! NowDy Codax. Franca 


Campled Py Bloomberg Noms j 

Htfi 

Low Oom 

Pwr. 

High Low 

Om Fnv. 


Damn Sec 
DDi 


EnsJJtteanRy 

SSc 




Photo 


HacbOunlBk 

Hitachi 

Hondo AAater 

IBJ 

1HI 

Itochu 

tto-Yataoto 


JlteCO 
Kapma 
Hansel Elec 
Kao 

KromsiMHvy 
iSno Steel 
HnkiMtaoRir 
KMi Brewery 
Kobe Steel 
Komatsu 


i Elec 

LTCB 
Marubeni 

MOhuConiB 
Matsu Elec tad 
Matsu Flee Wk 
MIRuMsM 
Mthuhfeh/ai 
MBuibhhl El 
Mlsublstt EsI 
Mitsubishi Hw 
MtsutasWMd 
MAsubtsKTr 
maul 

MflsuiFudosn 
Mosul Trust 
ManriaMta 

NEC 

KSkon 

Meta Sec 
Mntendo 

sssr 

Nippon 5le«l 
Nissai Motor 
NXX 

NamuraSec 

NTT 

HTT Data 
Op Paper 
Osaka Gas 
Bw* 

Rohm 

SakuraBk 

Sonkye 

Samra Bank 

Sonia Elec 

Seam 

SefcuRwy 

SetoulChem 

SeUsul House 

Seven- Elnefi 

Simp 

9AakuEI Pwr 

SMmtni 

sntoreteucn 

Shbeldo 

Shbaaicatt 

Soffiwr* 

Sony 

SwnHame 
SundtaenBk 
SuroHOrem 
Surname Elec 
Sues! Metal 
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ASIA/PACIFIC 


JBM to Help 
Dongbu Join 
South Korea’s 
Chipmakers 


Foreign Bargain-Hunters Pile Into Asia 


Investor’s Asia 


• SEOUL — Dongbu Group said 
Wednesday that it would eater the 
crowded semiconductor business, 
spending S2 billion to make ad- 
vanced-memory chips in a technol- 
ogy partnership with Inte rnation al 
Business Machines Coip. 

Dongbu said it wotdd bear the 
financial risk in return for advanced 
technology from IBM. It said pro- 
duction would start in 1999 and that 
IBM would buy the venture's full 
on tent in the first year. 


k But analysts said Dongbu could 
♦ft have trouble meeting the industry's 
^ heavy investment requirements and 
that there could be a global over- 
supply of memory chips by the Nth* 
the Dongbu plant was operating. 

“On top of the initial investment, 
Dongbu will have to spend like 
Crazy to upgrade its facilities, *’ 

Koo Hee Jin, an analyst at Daishin 
Economic Research Institute. “I 
wonder how the group will get all 
the money it needs.” 

1 ■ But Han S hin Hyun^president of 

Pougbu Electronics Co., brushed 
aside fears of a glut in the industry. 

‘ ‘The semiconductor industry is a 
promising industry with a growth of 
, more than 20 percent a year,” he 
£ said. “We are sure we can make 
- money in the semiconductor busi- 
ness, and I don’t think our com- 
pany's advance will cause a glut, as 
most of our products will be ex- 
ported.” (Bloomberg, Reuters) 

ADVBBTISEMEVr 

* NOfcUtt HCUKTES C0. f LTD. 

(CDRs) 


By Sandra Sugawara 

WaftingKiiftarSffvtar 

BANGKOK — Even as foreign- 
ers flee Asian stock markets amid 
die region's financial turmoil, a 
different breed of foreign investor 
is prowling the region, preparing to 
bmr up whole companies at fee- 
safe prices. 

Currency deval uations gen- 
eral economic difficulties have 
made rn^my 

er to buyers who have dollars. 

“Bangkok is swarming with 
people looking," said an American 
mexgers-and-acqnisiiioDS special- 
ist visiting here recently. So are 
Jakarta and Seoul. Malaysia is at- 
tracting some buyers as well, al- 
though market problems there have 
not been as severe, so there are 
fewer bargains so far, he said. 

Foreign buyers started browsing 
e ar lier, but as the region's econ- 


omies began hitting (he skids about 
three months ago, interest really 
picked up, said Timothy Dattels, 
the Hong Kong-based managing 
director of the investment-banking 
division of Goldman Sachs (Asia). 

Mr. Dattels said the currency de- 
valuations in Asia, as well as the 
falling value of stocks in the region, 
meant That foreign buyers could ac- 
quire companies for almost SO per- 
cent off their price a year ago., A 
foreign investor bringing $1 million 
to Thailand, for instance, can con- 
vert it to about 40 million baht now, 
compared with just 25 million baht 
in June. 

Many Asian companies, includ- 
ing tetecammnnicafions concerns, 
banks, hotels and smaller technol- 
ogy companies, say privately that 
they have held talks with Amer- 
ican, European, Chinese and other 
Asian potential buyers. 

The buying threatens to spark a 


nationalist backlash, as happened 
in the United Stales in me late 
1980s when a devalued dollar 
helped Japanese investors buy big- 
name companies and buildings. 

Selling to foreigners, said one 
Thai businessman, is “a bit like 
chemotherapy,” in that it may pre- 


treatmenL In many cases, foreign 
buyers want management control 
of the companies. Some Thai aca- 
demics and politicians have called 
this a first step toward economic 
colonization of me country by 
Americans and Europeans. 

“Thailand has never been col- 
onized before,” said Chamchai 
Charuvastr, president of Samart 
Corp., a Bangkok-based telecom- 
munications company. “That’s 
why we’re called Thailand — land 
of the free. So it’s more difficult for 
us. It’s an emotional issue.” 

The U.S. consumer-goods giant 


Procter & Gamble Co. said last 
week that it would acquire control 
of Ssangyong Paper Co., a leading 
Korean producer of tissues and pa- 
per towels. Ssangyong, one of 
South Korea’s leading conglom- 
erates, is selling the paper sub- 
sidiary to help pay billions of dol- 
lars m debts accumulated by 
Ssangyong Motor Co. 

When Thailand allowed its cur- 
rency to float Jnly Z it altered the 
economic picture in the region, and 
other regional currencies and stock 
markets soon were plunging as well. 
Banks in Thailand, Indonesia and 
South Korea, already burdened with 
mountains of bad debt, were poorly 
prepared to weather the onslaught.' 

Now many local companies are 
scrambling to find capital. With 
foreign banks waxy of making new 
loans to businesses in the region, 
that can mean that local companies 
need to take on foreign partners. 


Hong Kong 
Hang Seng 

m — -a— 

1393Q 

none — —l 

MB * 


Singapore 
Straits Times 

2150 — 

17M 1 

1550 ~ 


20000^ 
19000 — 
1BOOO- 
17000— 



Jakarta 

Woffington 

Bombay 

Source: Telakurs 


Composite Index 


N2SE-40 


Sensitive Index 


49G.90 49485 *CL7B 


£474,60 £47002 *0.18 


£77123 £80538 *0,73 


HenU rmwor 


Japanese Companies Will Declare War on Racketeers very briefly: 


Agcncc Fronce-Pressf 

TOKYO — Alarmed by a rising 
tide of scandals involving gangsters, 
Japan's top business group said 
Wednesday that it and more than 
1 ,000 enterprises would declare war 
against corporate racketeers. 

The powerful Kddanren has 
called an emergency meeting Friday 
of 900 company chairmenahd pres- 
idents with Ketdanren's chief, Shoi- 
chiro Toyoda, chairman of Toyota 
Motor Coip. 


" ‘Our chairman will call on mem- 
bers to review the management pro- 
cess in their enterprises in order to cut 
all links with sokaiya and that sort of 
thing,” Hideaki Tanaka, the Keidan- 
ren spokesman, said Wednesday. 

Sokaiya extort money by pur- 
chasing shares in companies and 
then threatening to disrupt share- 
holder meetings or to disclose dam- 
aging information. 

Often paid off through front 
companies, sokaiya also receive 


money through subscriptions from 
their victims for “industry 
magazines” owned by the under- 
world and through advertising 
placed in the magazines. 

According to the business daily 
Nihon Keizai Shimbun, 1,200 
companies in Tokyo have already 

S blicly declared the breaking of aU 
ks with sokaiya. 

Seven large companies have also 
announced plans to create an or- 
ganization aimed at considering a 


corporate “ethics code.” 

The organization would gather the 
leaders of Toyota, Matsushita Elec- 
tric Industrial Co.. Tokyo Electric 
Power, Tokyo Gas, Shisuido Co.. 
Fuji Xerox and Yokogawa Denki. 

According to the Nihon Keizai 
Shimbun, those seven companies will 
put in as much as 30 million yen 
(S246.0001 each to finance the orga- 
nization, to be seL up by the end of this 
month. Some 200 to 300 other compa- 
nies are expected to join by then. 


LEATHER: Italy’s Northern Enterprise Belt Is Pulling the Country Into Europe 


Tb« uadtnuiicd announces that at 
Irom November 11, 1997 at Kat- 
Aeaociatie N-V, AiuMmdajn dn. ego. no- 
57 (accompanied by an “Affidavit') of 
ibe CDRs The Ncnmra Sccwitia Co, 
Lid. wD be payable with Dfls. 13.79 per 
CDR. repr. 100 viu. and with Dili. 
137,90 per CDR. nr. 1.000 she. (dW. 

S kcwu 31.03.97, one Ym II,— p. 
after deduction of 159ii h p « i w tax 


= len 1PU = Una. z.44 per UJlt repr. 
100 at*. Yen 1500.- - DOa 2M0 fr 
CDR repr. 1,000 vhB.. Without an 
Affidavit 20% Japanese tax — Yea 20U— 
= Dfis. 3^5 pct5r rear. U» rf«. Yen 
Z000, = Dfla 32^0 per CDR repr. IjDOO 


a (VVV Oun», vt ivuwik 

i Japancae tax = Yen 200,— 
crlUR repr. 100 eha. Yen 


2000, = Dfla 32^0 per CDR repr. IjDOO 

aba. will be deducted. 

After 30.0957 the tfivjdend will only 
be paid under deduction of 20% Jap. tax 
with DS*. 1258; Dfls. 12940 repnran. 
100 and ]«000 nha, in aooudanoa with 
tbr Jqnneae tax /vgulnUma 
AMSTERDAM DEPOSHAKY 
COMPANY I*. V. 
Amsterdam, November S, 1997 


Continued from Page 13 

in northern Italy’s entrepreneurial 
belt. Mr. Zini’s tannery, though with 
120 workers it is larger than most, is 
typical of the mom-and-pop man- 
ufacturing businesses that have 
transformed Vicenza Province since 
the end of World War II into one of 
Europe's richest regions, boasting 
annual exports greater than those of 
Greece and an unemployment rate 
of barely 3 percent 

Helped by an anemic lira (hat 
made its exports to Europe cheap 
and by its own business acumen, the 
Zini operation boomed in the 1960s 
and '70s. 

For a while, no one minded much 
that I talian governments came and 


went "We declared we made no 
money when in fact we made a lot” 
Mr. Zini said. “The government 
gave us the space to do this. Until the 
1980s it was a cash business. But in 
tiie last five or six years, that’s com- 
pletely disappeared.” 

So has me complacency about 
Rome's neglect As northern Kalian 
companies became major players in 
European markets through their ex- 
ports, they began to feel the pinch of 
inferior infrastructure and fero- 
ciously high — if not always strictly 
observed — taxes. 

Both became the focus of com- 
plaints from companies that feared 
they could not withstand the com- 
petition from other Europeans and 
aggressive new exporters in East 


Asia. In the past year, the com- 

B laints have been seized upon by 
faiberto Bossi and his secessionist 
Northern League, which advocates 
an independent republic in the north, 
free of Rome's control — specif- 
ically, Rome’s top corporate tax rate 
of S3 percent and its heavy subsidies 
for poorer southern Italy. 

Popular support for outright in- 
dependence for northern Italy is lim- 
ited, but many in the north see great- 
er regional autonomy and the 
integration of Europe's economies 
as twin levers that may pry a better 
deal out of Rome. 

So far, however, Italy's push to be 
part of the euro has meant more pain 
than gain for many companies in the 
north. The government's tight- 


money policies, designed to meet 
yardsticks for admission to the euro 
club, have driven up the value of the 
lira against major European curren- 
cies, making Italian exports more 
expensive in their main markets. 
The one-time-only euro tax has 
taken a bite out of profits. Many 
companies have been forced to 
modify some products to fulfill 
European safety standards and other 
requirements. 

For tanneries such as Mr. Zini’s, 
profit margins that used to run at 10 
percent and higher are now down to 
2 or 3 percent 

“For tomorrow it's very impor- 
tant to be inside Europe,” Mr. Zini 
said. “But in die short term, this is a 
painful thing .' * 


• The Philippines' highest court declared unconstitutional a 
law ending two decades of state controls on oil prices, striking 
down a pillar of the government's economic reform program. 
The decision drew condemnation from businesses and a 
warning from the International Monetary Fund that the econ- 
omy would suffer. 

• India postponed a S750 million issue of global depository 
receipts in state-run Gas Authority of India Ltdl, citing 
turbulence in world markeis. 

■ Cathay Pacific Airways Ltd. said u expected the slump in 
its passenger traffic to persist at least until 1999. The Hong 
Kong-hascd carrier has been hurt by the currency crisis in 
Southeast Asia and a decline in tourist traffic since the former 
British colony was returned to Chinese control July I. 

• The Group of 15 developing nations ended its summit 
meeting and said it would reconvene in six months to discuss 
the effects of currency and financial-market turmoil on its 
members. The group also urged The adoption of rules to reduce 
market volatility. 

• Kern. Group PLC, Ireland's biggest food company, will 
buy SDF Foods of Malaysia for 6.6 million punts <$9.9 
million) to expand Kerry's manufacturing presence in Asia. 

• Indocam Asia, the asset-management unit of Credit Ag- 
ricole Indosuez. hired as its regional strategist Miron 
MushkaL chief Asian economist for Lehman Brothers Inc. 
and one of the region’s best -known economists. 

• Japan's five biggest television networks will maintain their 
rise in profits in the current business year, which ends in 
March, helped by an increase in advertising revenue despite a 
weak economy, analysts said. The networks will release first- 
half results and full-year earnings forecasts Friday. 

• The World Bank has approved a $285 million loan to 
Pakistan to improve irrigation systems and crop yields. 

• Hongkong Telecommunications Ltd. won a license to 
operate a video-on-demand service in die territory. 

AFP, AP, Bloomberg, Reioerj 






World Business Council 
for Sustainable Development 

(SEVENTH IN A SERIES) 

In 1992, business received a wake-up call ar the Earth 
Summit in Rio. The message was dear. Companies needed 
to take urgent environmental action. Eco-efficiency was the 
response they formulated. 

Since then, eco-efficiency has come a long wa y. Not only 
are companies applying it, but non-governmental 
organizations (NGOs) are also spreading their experiences 
around the world, and governments are incorporating it into 

?nffw book, "Eco-efficiency: The Business Link to 
Sustainable Development," the World Business Council for 
Sustainable Development (WBCSD) examines the breadth 
of environmental progress under way m industry and 
provides a road map for business to become sustainable. 

What is eco-efficiency? . 

Eco-efficiency is a management approach d evelop ed bythe 
WBCSD that allows companies to improve tnetr 

. . r- miunnn ftamaiVK OI 


*e market The vision oi eorouiwr “ 
from less”: less waste and poHutioD,tess eoegy md fewer 
raw materials. Eco-efficiency is about finding the right 
balance between sound economics tnn 

Eco-efficiency takes people commitment 
visfoiTand ti me to happen. Effective leadership is indeed 

World Business council pw SusTAiNABLsitevKLCfipMENT 
160 route de Florissant 

CH-1231 Conches, Geneva, SwtMjnd 

Tel.; (41 22) 839 3100; fex: (41 22) 839 3 131 

E-mail: info@wbcsd.ch 
y/WW: www.wbcsd.ch 


L ■ - - 

WBCSD Member Companies 


perhaps the single most important requirement. CEOs must 
undakand that they are also Chief Environmental Officers, 
and that if they do not support eco-efficiency through words 
and action, change simply will not happen. 

Eco-efficiency is more than business as usual It requires 
m^orcliHngesmj^nlosqjhy.productsandprocesses. It does 
not call for companies to afcSmtdon their current practices and 

,r We aggressively seek out eco-efficiencies — ways of 
doing more with less — because it makes us more 
competitive when we reduce and eliminate waste and 
risk from our products and processes. And it saves us 
money. " 

Samuel Johnson, Chairman , S.C. Johnson & Son 

systems, but to integrate its principles throughout their 
activities — from R&D to marketing and advertising. 

Ultimately, eco-efficiency can enhance a company’s 
reputation and image, which are vital to corporate success. It 
gives customers confidence in making purchases, improves 
employee morale, and helps recruitment and retention. 

Those who think that eco-efficiency is for rich 
corporations in the rich North are wrong. Action is possible 
in every kind of company, from multinationals to small 
enterprises in Africa, Asia and Latin America. The 
WBCSD’s regional and national BCSDs offer many 
examples of companies in developing countries reaping 
benefits from eco-efficiency by using less resource 
material. 

Why should companies adopt eco-efficiency? 

Pressures are mounting from governments, NGOs and 
consumers for business to take more responsibility for its 
actions and to provide goods and services that do not 
depre da te nature’s capital: 

But amply responding to pressure is not enough to 
achieve sustainable development, to retain foe social 
legitimacy of business or to prosper in foe sustainability- 
shaped markets of tomorrow. Business has a real 
responsibility in providing leadership for sustainable 
development More and more companies know that long- 
term success belongs to those that not only comply with 
environmental standards, whether mandated or self-' 
imposed, but also do so more efficiently and effectively than 

others. 

If companies can demonstrate more voluntary action, 
governments need to design innovative and pragmatic 
policies that energize and enable the whole of society to 
become more sustainable. 


How can companies progress faster? 

Business cannot do the job on its own. It needs to partner 
with society to accelerate the drive toward eco-efficiency 
and be rewarded for its initiatives. 

For instance, society and business could develop a 
partnership, with business committing itself to higher 
environmental standards in exchange for greater regulatory 
flexibility. Governments could also make more use of 
market forces by fyvoring economic incentives. 

This does not mean "get the regulator off our backs" by 
preventing regulation. It simply means helping business to 
foster innovation and sustainable technologies by setting up 
adequate framework conditions. 

In foe past, business leaders have sometimes been at odds 
with governments and NGOs, but they now increasingly 
understand the value of partnerships. Practically 
inconceivable five years ago, new alliances are building up 
between environmental activists and corporate executives 
throughout the world. 

What wtH tomorrow bring? 

Environmental concerns are no longer outside the financial 
ambit, and this trend is strengthening within the financial 
world. Investors, bankers and insurers are starring to look at 
environmental costs and liabilities of companies, and how 
these affect profits and overall performance. 

The financial benefits of environmental action are not 
always easy to calculate. They can take time to materialize 


"Eco-efficiency contains both a vision and man- 
agement tools for a great 2 1st century. If all busi- 
nesspeople and policymakers would follow, the world 
would be better off. ” 

Ernst Ulrich von Weizsacher. President, Wuppertal 
Institute for Climate. Environment, .and Energy 

and can take the form of avoided cost rather than visible 
extra cash flows. Yet, the many examples given in “ Eco- 
efficiency: The Business Link to Sustainable Development" 
illustrate that they are real and significant, and will become 
even more so in coming years. 

But foe crux of the argument is not that business should 
adopt eco-efficient practices because it’s “a good thing,” but 
rather because it makes good business sense. In other words, 
eco-efficiency is a win-win concept It yields environmental 
benefits by conserving energy and materials while 
simultaneously producing economic, bottom-line 
improvements. What more can business ask for? 


What Is the WBCSD? 

A business group of 1 30 companies from 37 courftries, 
sharing a c o mmitment to foe principles of economic 
growth and sustainable development 

The WBCSD aims to participate in pdlfey de- 
velopment in order to create a framework thatallows 
business to contribute effectively to sustainable rfe- 
velopment. U promotes eco-efBcwacy and encourages 
high standards of environmental management in buai- 
ness. The' WBCSD also benefits from a regional 
network located in developing countries and countries 
m transition, representing more than 700 business 
leaders- 

The WBCSD publishes reports and books on a wide 
range of business- and environment-retaftad topics. 
Contact BAY, tel.: (44 1202) 244 032; fox: (44 1202) 
244 034; e-mail: maiketingtged-youfo.com. 


The Book 

Eco-efficiency: the Business Link to Sustanable 
Development is co-authored by Uvio D. DeSimone, 
WBCSD Chairman and Chairman and CEO, 3M, and 
Frank Popoff, Chairman, The Dow Chemical Com- 
pany, with the World Business Council for Sus- 
tainable Development. 

The book represents the collective thought of 
many members of the WBCSD and builds on the 
findings of the working group on eco-efficiency. It 
outlines the principles of ecthefficiency and shows 
the experiences of companies from developed and 
developing countries. It also provides guidance for 
companies to overcome internal and external bar- 
riers and move toward eco-efficiency. 

Yet, this concept is still a “work in progress.” As 
companies continue to learn, they need to adapt 
their practices and policies accordingly to demon- 
strate they are applying the principles of eco- 
efficlency and helping to protect the environment 
while stimulating the economic development sodety 
needs. 

Order from the MIT Press, Nell Blalsdell, 5 Cam- 
bridge Center, Cambridge, MA 02142, USA; tel.: 
(1 617) 253 0491; fax; (1 617) 253 1709; email: 
blaisdel@mft.edu. 

$25.00, 292 pages, ISBN 0-262-04162-6. 


3M * ABB Asea Brown Boveri • Akzo 
Nobel • Anova Holding * Aracroz 
hfiose • Assurances Generates de France 
AT&T - Avenor • Axel Johnson Group 
Bank Umum Nasional - Bayer • Bewac • 
BG • BOC Group • British 
Broken Hill Proprietory • 
eracao e Metaluigja • Caigtil Incorporated 
. CH2MHill • Chemical Worte Kokotov* 
China petro-Chemical Corporation 
(SINOPEC) • CIMPOR- CliffordCta^ 
■ COGEMA • Coots Brewing * PAN 


Hotels • Danfbss • De Lima & Cia • 
Deloitte Touche Tohmaisu International • 
I^w Chemical Company -DuPont 'East- 
mail Kodak * ERARA - Environmental 
Resources Managsanent • ESKOM - 
Estudio Juridico Gross Brown • EHoff- 
mann -La Roche • FALCK Group - Fiat • 
Fletcher Challenge • Fundacidn Juan 
March • Garovaglio y Zorraqxrin • General 
Motors * Geriing-Konzem Insurances • 
Glaxo Wellcome • Grupo IMSA * Heine- 
ken - Heinz Wattie • Henkel • Hitachi • 


Hoechst • Imperial Chemical Industries * 
Indonesian Forest Community * interface 
• International Herald Tribune • Inter- 
national Paper * Inti Kaiya Persada Tehnik 
■ Itochu Corporation ■ John Laing * John- 
son & Johnson * Johnson Matthey • S.C. 
Johnson & Son • Kajima Corporation • 
Kansai Electric Power * Kikkoman * 
Kvaemer • Lafarge ■ LG Group • Mit- 
subishi Corporation* Mitsubishi Electric * 
Monsanto ■ National Westminster Bask * 
NEC Corporation ■ Neste Oy • Nestle • 


Nippon Telegraph & Telephone • Nissan * 
Noranda * Norsk Hydro • Novartis • Novo 
Nordisk ■ Ontario Hydro • Philips Elec- 
tronics • Pirelli • PLIYA * PowerGen • 
Procter & Gamble * RAO Gazprom • 
Rhone-Poulenc • Rio Doce International * 
Rio Unto * Saga Petroleum * Samsung 
Electronics * Scudder, Stevens & Clark * 
Seiko Group * Severn Trent • SGS Society 
Gen6rale de Surveillance • SGS-THOM- 
SON Microelectronics • Shell * SHV 
Holdings * Skanska - Sonae Investimen- 


tos • Sony • SOPORCEL • Statoil • Store 
4 Storebrand • Suizer • Suncor Energy • 
Swiss Bank Corporation * Taiwan Cement 

• Texaco * Thai Farmers Bank * Toshiba 
Corporation ■ The Tokyo Electric Power 
Company • Toyota • TransAlta - Unilever 
■ UPM-Kymmene ■ Vattenfall • Vblks- 
wagen • Waste Management International 

• Westvaco • Weyerhaeuser • White Mar- 
tins ■ WMC ■ Xerox • The YasudaFire & 
Marine Insurance * Zurich Insurance 
Group 


v = 


k 







PAGE 18 


^ lierd«S$riinroe 

Sports 


THURSM^NOVl 


Dii* iria 


• K#tl« r ** 
— in* 1 


World Roundup 


Muster Is Miffed 

tennis Karol Kucera of Slov- 
akia upset the fifth-seeded Thomas 
Muster, 4-6, 6-3, 6-3, in a second- 
round match at the Stockholm 
Open on Wednesday. 

A former world No. 1 from Aus- 
tria, Muster angrily smashed his 
racket oh the court after double* 
faulting on match point and may be 
fined. Muster, a wild-card entry in 
the indoor to urnament at the Royal 
Tennis HaQ, still has a chance to 
for the ATP Tour World 
next week. 

Four players are still in the run- 
ning for the two remaining places, 
which are awarded under a com- 


plex points system. The others are 
Sergi Bruguera, Marcelo Rios and 
Yevgeni Kafelnikov. Neither is 
playing in Stockholm this week, 

- Pete Sampras and Michael 
Chang of the United States, Pat 
Rafter of Australia, Jonas Bjork- 
man of Sweden, Greg Rusedski of 
Britain and Carlos Moya of Spain 
have already qualified for the tour- 
ney in Hannover, Germany. (A P) 

Foley Gets FarceDs’ Nod 

foots all G lenn Foley will re- 
place Neil O’Donnell at quarter- 
back for the New York Jets on 
Sunday at Miami, Coach Bill Par- 
cells said Wednesday. “He has 
done a consistently good job for us 
and I always have felt good about 
him,'* Parcells said of Foley, who 
came off the bench in the last two 
games to lead the Jets to victories. 
‘That’s not to say I haven't felt 
good about Neil; I did." (AP) 

Jones Backs Switzer 

football The Dallas Cow- 
boys' owner, Jerry Jones, has said 
he does notplan to fire Coach Barry 
Switzer. The Washington Post 
quoted NFL sources on Wednesday 
as saying that Switzer might be 
fired as early as next week and 
replaced by the club's scouting di- 
rector, Larry Lacewell. “That is not 
true," Jones told the Fort Worth 
Star-Telegram. “I have repeatedly 
said that Barry Switzer is the coach 
of the Cowboys and will continue 
to be coach of the Dallas Cow- 
boys." Dallas (4-5) faces an uphill 
battle to make the playoffs. (AP) 


French Soccer Teams 
Taking Their Lumps 

Only 2 Remain in Contentionfor UEFA Cup 

A youth-development policy is a hit- 
r-miss business. Indeed, Lyon missed a 


By Peter Berlin 

. International Herald Tribune 

LYON — French soccer’s season of 
dreams took a nasty knock this week. *’ 

France started the season with a re- 
cord 10 clubs in the various European 
cups. Seven were in the UEFA Cup, and 
five were still alive in that competition 
going into Tuesday’s second-round, 
second-leg matches. But at the end of 
■the night, only two teams were left — 
Strasbourg and Auxene. 

Four of the five French teams had 
entered Tuesday's matches strongly 

S laced. None better, it seemed, than 
llympique Lyonnais, an astounding 2- 
1 winner in Milan two weeks earner. 
But Lyon lost, 3-1, at home, and was 
eliminated on aggregate. 

In defeat, Lyon provided a demon- . 
stratum of the strength and weakness of 
French soccer. Nine of Lyon's st 
11 are- products of the club's 

THlUirACuF 



L,yonv 
for O; 


yoati 

four 


) uth-developmeat program, as were 
of the players on the bench. The 

team finished the match with five hrrme- 
grown players — each of them 21 years 
old or younger — on the field. 

Only one of the 18 men who dressed 
for Inter Milan came through that club’s 
youth system and, at 33, GuiseppeBer- 
gomi is hardly evidence of a current 
commitment to develop talent 
But while Lyon's young French lions 
offer hope for the future, it may not be 
Olymplque’s future, and that’s the heart 
of the problem: France develops st 
players, but its teams can’t seem to 1 
on to them. 

The two most influential French men 
on die field on Tuesday night were in the 
black and blue of Inter: Youri Djorkaeff 
and Benoit .CaueL Both made tbeir 
names with provincial French teams — 
Cauet with the Nantes team that won the 
French title in 1995, Djorkaeff at 
Monaco. Both then made lucrative 
moves first to Paris Saint-Germain, 
France’s richest club, and then to Inter. 

A third Inter player, the Nigerian 
Taribo West, came through the model 
French youth system atAuxeire, a ways 
up die road from Lyon.. Auxene 's 
French championship in 1996 proved a 
Shop- window for manyof its players. 


was playing for uiympique. On-Tues^ 
day, Djorkaeff tormented Oiympiqne. 

Lyon sits only 11th in me French 
league because it has won only two of its 
■ seven home matches. On Tuesday , until 
it was far too late, it played like the a way 
team. Inter played tike a team that knew 
it was going to win. 

Inter's first goal came in the 9th 
minute. Ronaldo’s free-kick caromed 
off West and fell to Francesco Moreiro, 
who was unguarded and probably off- 
side. He scooped the bail home. 

Cauet then gave Inter the overall lead 
with a share low shot at die start of the 
second him. Lyon pressed, and Jacek 
Bak, its Polish central defender, 
smashed a scissors kick into the Internet 
after West had misplayed a center. 

Inter strode back immediately. Ze 
Elias, a Br azilian midfielder, hit the post 
with a shot The ball flew to Morreiro, 
whose hard low shot hit Bak and the 
goalkeeper, Gregory Coupet, then 
bounced into the goal 
Perhaps defeat will be a blessing for 
ranee may be rich in soccer 
ly its clubs are rel- 
After Bordeaux reached 
of the UEFA Cup two years 
ago, its team was strip-mined by foreign 
teams. In these days of freedom of con- 
tract, a team such as Lyon cannot com- 

E te with tile millions of dollars that 
ter can offer its players. 

Inter, it must be acknowledged, has 
something of a youth policy: sometimes 
it takes a creak from spending millio ns 
on established stars »nn spends millio ns 
on rising stars. 

ti’s most high-profile player — he of 
the record contract — is me 21 -year-old 
Ronaldo. But the young B razilian 
looked weary beyond his years on Tues- 
day. 

Less than six months ago, in the blue 
and red shirt ofBarcclona, Ronaldo time 
into PSG with relentless verve in the 
Cup Winners Cup final. This season, he 
looks like a man who has decided to 
ladle out the golden elixir of his talent in 
tiny doses. .i ..i , 

He must be drained byrfhe duel de- 
mands '.of haf two 7 main *fc»ymasters. 





•4 




B.-a 

J 

•«i 

fm 


Phffltppr DnanaMjinKC flmw ftwn 

Youri Djorkaeff of Inter Milan, left, battling for the baU with Christian Bassfla of Olympique Lyonnais in Lyon. 


.*4*m 


When he is not playing for Inter, he is 
flying around toe world to play for 
Brazil’s national team in exhibition 
matches organized by Nike, the U.S. 
manufacturer of athletic shoes and 
sportswear, which sponsors both Brazil 
and Ronaldo. 

Ronaldo had a couple of Hazzimg 
moments on Tuesday, but mostly he was 
quiet. He also fell (town a lot. This was 
ly because he could not keep his 
ing on the rain-slicked surface, and 
ly because the French defenders 
cept tripping him. 

In the end, he swung a fist at Florent 
Laville, his main tormentor, and was 
rapidly replaced by another high-priced 
young stoker, Alvaro Recoba of Uru- 
guay. 

Ronaldo 's anger was understandable. 
Laville had just kicked h pn in tbs 
Achilles tendon. Under joocer's lows. 


Laville should have received a second 
yellow card, but the referee, Bemd 
Heynemann, had already shown Laville 
a card for dissent and would have had to 
send the defender off. Heynemann did 
not even award a free kick. 

Laville is one of Lyon's moat prom- 
ising young players. But soccer needs 
Ronaldo more than it needs Laville. For 
the most part, Laville defended fairly. 
He is certainly not as rough as some of 
the defenders Ronaldo meets in Italy. 
But the sight of his boot planted m 
Ronaldo's ankle conjured up memories 
of Maradona, at 29, limping through the 
1990 World Cup, his legs so battered by 
years of fool tackles that he could barely 
run. 

It is not enough to have a youth- 
development program, ti also matters 
what mat program readies young.ath-. 
Ictea about sportsmanship. ■ 


■Metz Eliminated by Karlsruhe 

France’s other teams had a mixed 
evening, The Associated Press repotted. 
Metz, whichh&d lost, 2-0, at home Inthe . 
first leg, drew, 1-1, in Germany against 
Karlsruhe and was eliminated, 3-1. 

Strasbourg resisted a late surge in 
Liverpool toadvance. Strasbourg led, 3- . 
0, from the firsr match, but Liverpool # 
scored twice after Karlheinz Reside 
came on as a substitute. Riedle won a 
penalty, which Robbie Fowler conver- 
ted, and tiasn scored with a header with 
five minutes to play. 

In tiaktion, Greece, Anastaxkfa 
scored a last-minute goal to give COT 
Crete a 3-2 victory over Auxene, bntttfc 
French team advanced, 5-4. In Oman, 
Bastia let in two goal* iaib&fimhalf to 
^nchaiescBasH^ugifbacttoytotte 
match. 3-2, but was sttiTetimipAicd. 

*--«* *»r . fl--> •«. 


4 

*:*4 m 

-r.mgyt9 

*.*«=*# 

-■»- ■ JX 

■ **i 
i 


[HOARD 


UP** 


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Pitino Pleads for Patience as Knicks Trounce Celtics, 102-70 




3 


The Associated Press 
Rick Pitino’s teams 
routinely routed ■ opponents 
while he was coaching at 
Kentucky. Life in the Nation- 
al Basketball Association, 
though, is a world away from 
beating Vanderbilt or Ten- 
nessee. Coaching his young 
team on the road for the first 
time this season, Pitino’s 
Boston Celtics were beaten, 
102-70, Tuesday night by the 
New York Knicks. 

■Patrick Ewing scored 26 


points and Chris Mills, ac- 
quired from theCeltics before 
tiie season, added 17 points 
and 10 rebounds as the 
Knicks defeated Boston for 
the 20th straight time in the 
regular season. 

Ewing scored 15 points in 
the first half when the Knicks 
opened a 17-point lead en 
route to evening their home 
record at 1-1. New York has 
won 10 straight home games 
against Boston and has not 
lost to the Celtics since 1993. 


Pitino, who coached New 
York from 1987 to 1989, was 
making his first appearance at 

WBAIoumpbp E 

Madison Square Garden as a 
coach sincehequitthe Knicks 
following a power struggle 
with A1 Bianehi, the team's 
former general manager. 

“We T ve £Ot to be upbeat 
and stay positive,' ' Pitino said. 
"The ‘ • " 

won' 


xe majority of our games 
I’t be like this one." 


Raptor* 104, Wauluia 80 

John Wallace scared 17 
points and Damon Stoud- 
amir e had 16 points and 13 
assists as Toronto won its 
home opener. The Raptors 
forced 25 turnovers while 
committing rally nine. 
Cavafinra 80, P ac wa 77 

and the rookie Brevin iSight 
hit a jumper with 4.9 seconds 
left as Cleveland beat visiting 
Indiana for its first victory in a 
home opener since 1991. 


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M upar S owl o a lie, Waaka t a 

9* In Seattle, Gary Payton 
had 27 points and 12 assists, 
and tiie SuperS onics held Ha- 
keem Olajuwon and Qyde 
Drexler m check to beat the 
Rockets . Detlef Schrempf ad- 
ded 22 points and Vin Baker 
20 for Seattle. Charles 
Barkley led the Rockets with 
17 points and 11 rebounds. 

■inks 110 , Maple 70 Ray 
Allen scored 20 points and 
Terrell Brandon added IS to 
lead host Milwaukee over Or- 
lando. Fenny Hardaway led 
tiie Magic with 16 points, 
even though he only played 26 
minutes and sat out the entire 
fourth quarter of the blowout 
loss. 

MavattefcaOZ, QrlaSM87 In 

Dallas. Michael Finley scored 
29 points and Dennis Scott 
added 28 as the Mavericks im- 
proved to 3-0. Shared; Abdur- 
Rahim led Vancouver with 28 
points, but he foiled to score in 
the fourth quarter. 

Siaw toe, Jam M Kevin 
Johnson scored 23 points, in- 
cluding 16-of-16 from the 
wejailiost Phoenix beat 
Utah. Johnson, who came out 
midway through the third 
qumtw, re-entered the game 
with 6:24 to play and scored 
five points before Danny 
Ainge,*the coach, sent in the 
reserves. 


Wizards 120, Nuestt* 98 frl 

Denver, Juwan Howard had 
29 points and 13 rebounds 
and Rod Strickland had 10 
assists to reach the 5,000 ca- 
reer mark as Washington 
routed the winless Nuggets. 
Tracy Murray added 20 
points for the Wizards, wlp 1 
had lost five Straight and nine 
of their last 10 games in Den- 
ver. 

1MI Hasan 1Z2, Tlmbav* 
wahwa ion Kenny Anderson 
scored 24 points, including 6- 
of-7 from 3 -point range, anSl 
Arvydas Sabonis addeS 23 as 
host Portland bear Minnesota. 
Isaiah Rider, in his season de- 
but after being suspended the 
first two games by the NBA 
for his off-court troubles, 
scored 20 for Portland. 

L afc a r a 101, IOn«aMl Eddie 

Jones scored a career-high 35 
points and Elden Campbell \ _ 
made five straight free throws 
w the clMing minutes as the 
visiting Lakers rallied to beat 
Sacramento. Campbell hit 17 
of his 2J points in the second 
half, while Jones scored 24 
points in the first half. 

Hawke aa, Platons 71 Steve 
Smith scored 15 of his 27 
points in the decisive third 
quarter and Alan Henderson 
had another strong game off 
the bench as Atlanta re- 
mained unbeaten at home. . 


- - iT.% •*. 1 

• •• W* 
• •• 41 

4 

. . ? «• •» 

as 




After Firing, Canucks 
Lose Their 8th in Row 


The Assxtciaied Prwss 

Peter Bondra scored the 
with 12:17 left 
Washington Capitals 
, fix-game wmless 

uvuc and handed the visiting 

[ancouver Canucks foeir 
ighth straight loss, 2-1. 

The Canucks tried to shake 

linn im Mfliw u.. 


NHL Roundup 


at Quinn. A search for his 
tccessor is under way. 
Vancouver scored the open- 
g goal and Kiric McLeanhad 
) saves, but the Canucks fell 
to 3-11-2. , 

janNo3,D«vflo0GlenMur- 


JgQ8*Ulnd«ll slx chances by 
the Devils league-leading 

y w «b 
0X118 miin hi k* 
pnwioua five games, 
ruet made at least force 
stops against Doug 
QjJmoiff. two against Scott 
Niedermayer and one on a 
wraparound by Brian Rolston 
m his first shutout of foe sea- 
son and 1 lfo of his career. 

Toronto and San Jose skated 

to a rare scoreless tie. 

SharicRh-Sni? ■ t “ ne ^OSt 
s u ? volved hi a 
scoreless tie m foeir seven- 
jear history and the first time 

to 10 years for Tnr^,« 



'-111*’- 
\ * * A r* ^ 




IH 



Cmg 

astisted 


streak. 
Johnson added an un- 
goal, and the visiting 


Iltptig 

JegameafteraShaiksicatod % '*» '** 

over his left hand. ***** 


<e£&***:*' 

*!* T-iJfc . 


1 • 


<~ 



V,. ’fi « 

***** 


U 



PAGE 19 




INTERNATIONAL HERALD TRIBUNE, THURSDAY NOVEMBER 6, 1997 


SPORTS 




* Phillies 5 Rolen 
Unanimously 
Chosen as Top 
pNL Rookie 

; ; The Assodsed Press 

NEW YORK — Scott Rolen of the 
F&uwkjptoa Phillies was unanimously 
tfuted me Nauoaal League’s rookie of 
gw-ywr. brealong the Los Angeles 
Stod^ra: five-year, bold on the award, 
ff The 22-year-old third base man led 
league’s rookies in h atting average 


■ 4?83)» xmss (93), hits (159), doubles 
W SpS), hamexs (21) and RBIs (92). 

■ “I drink I exceeded anything I could 

■ .lave fethomed,” Rolen said Tuesday 
Rafter learning of the award. “I hope I 

Itt ^haven’t reached a pinnacle now. I hope 
Kfj (there's something more for me in base- 
BT rball and in life." 

. P" Rolen was the Phillies’ second-round 
:-j 'pick in the amateur draft in 1993. He 

I I 1 became the first Philadelphia rookie to 
. lead the team in homers and RBIs since 
gGregLuzinslci in 1972, and had the most 
•hornets and RBIs for a Phillies rookie 
Since Willie Montanez in 1971 . 

^ And Rolen accomplished this while 
■playing for a last-place team that went 
'68-94 and finished 33 games out of 
■£rst- 

*■ He would not have beat eligible for 
Jhe award if Chicago’s SteveTra^isel 
vhads't broken his right forearm with a 
Spitcfa on Sept. 7, 199ft. Rolen had 130 at- 
£bats at the time — the maximum a 
-player is allowed before be loses his 
3"ooldc status. 

: “At the time, I wasn’t really happy 
I with tem," Rolen said. “Now I mi ght 
‘give him a caQ and thank him.’ * 
l Los Angeles players had won the 
‘ award since 1992: Eric Karros, Mike 
^ ; Piazza, Raul Mondesi, Hideo Nomo and 
■ZI .Todd Hollandsworth. No Dodgers even 
' JS -‘ received votes this year. Wilton Guer- 
rero, the team’s top candidate, hit .291 
with four homers and 32 RBIs. 

Rolen received all 28 first-place votes 
V-- iand 140 points in balloting by die Base- 
ball Writers’ Association of America. 

: Livan Hernandez, who went 9-3 with 
' ■ ;& 3. 18 earned run average in 17 starts for 
^ the Florida Marlins, was tied for second 
- : .with Malt Morris, who was 12-9 with a 
3.19 ERA for the SL Louis Cardinals. 
-Both had 25 points. 

• '*■ Rolen became the eighth unanimous 
- X NL rookie winner, joining Jackie Robin- 
son (1947), Orlando Cepeda (1958), 







■ . • -r ' -*.:v .. ,, 


Willie McCovey (1959), Vince Cole- 
man (1985), Benito Santiago (1987), 
Piazza (1993) and Mondesi (1994). 

Combined with Nomar Garciapana’s 
unanimous election as the American 
League roolde of the year on Monday, it 
iraHccrf only the third time both rookie 
winners woe unanimo us choices. 

Rolen is the third Phillies player to 
win, joining Jack Sanford (1957) and 
Richie Allen (1964). 

■ Orioles’ Johnson Still in Limbo 

The Baltimore Orioles’ manager, 
Davey Johnson, said that the team’s 
majority owoer. Peter Angelos, had not 
indicated to 1dm what he most do to 
remain with 'the club for the final season 
of his contract, Mark Maske of The 
Washington Post reported from Wash- 
ington. 

Johnson returned to his home in 
Winter Park, Florida, on Tuesday from a 
fishing trip and said that he still did not 
know his job status. 

“I don’t know where it stands.” he 
said. “I don’t know what’s next I have 
no idea.” 

Some Orioles officials apparently be- 
lieve that Angelos and Johnson could 


Where Will You Go, Michael Jordan? 

Impressed by DiMaggio’s Lasting Stature, Star Ponders Future 


Scott Rolen of the Philadelphia Phillies led National League rookies in 
batting average, runs, hits, doubles, homers and runs batted in. 


reach a trace soon that would permit 
Johnson to stay with the team tor die 
remaining season on his three-year. 
$2.25 million contracL 

Such a settlement sources said, 
would have to include Johnson’s agree- 
ing to say that he made a mistake when 
he directed the Orioles second baseman, 
Roberto Alomar, to pay a $10,500 fine 
to a charity with which Johnson’s wife 
is involved. Orioles sources said that 
Johnson was willing to say he made an 
error in judgment out does not seem 
willing to say be acted maliciously or 
recklessly. 

Whether that would be enough for 
Angelos remains unclear. 

Johnson declined Tuesday to discuss 
die conditions under which he coold 
remain. 

Angelos said earlier Tuesday that he 
still had not made a decision. Johnson 
apparently will resign or be fired if the 
two men cannot craft a settlement to 
Angelos's liking. 

Meanwhile, Angelos said that Brady 
Anderson, the Orioles’ free agent center 
fielder, had resumed a European va- 
cation without reopening contract ne- 
gotiations. 


New York Tunes Service 

Michael Jordan was curious about a 
recent documentary on Joe DiMaggio. 
“I didn’t know a lot about DiMaggio,” 
said Jordan, “and some people have 
compared me to DiMaggio. I wanted to 
see it” 

He was impressed, be said, because 
DiMaggio took his image seriously, not 
fast performing on the field to the best of 
his ability — a leader by quiet demeanor 
and an explosive bat — but also com- 
porting himself as a gentleman. 

DiMaggio recognized a responsibil- 
ity to maintain dignity as, particularly, a 
symbol fox the Italian- Americans of the 
1930s, the immigrants and sons sad 
daughters of immigrants yearning to 
rise in American society. Jordan, dunk- 
ing about Paul Simon’s poetic lyrics, 
“Where have you gone, Joe DiMag- 
gio?/A nation turns its lonely eyes to 
you,” came to understand that DiMag- 
gio was taken to embody a sense of 
values that transcended ethnic and racial 
lines. It is a sense that increasingly 
escapes this generation of people, es- 
pecially athletes. 

Jordan, like DiMaggio, remains a 
consummate pcrfbnnerm the arena and 
elegant away from iL 

When Charles Barkley threw a man 
through a plate glass window for tossing 
ice cubes on him in a bar, Jordan told 


Vantage Point /im.* Bmnow 


Barkley in a telephone conversation: 
“Charles, I love you like a brother, but 
you can't do that kind of thing. It’s 
stupid. And you have io stay out of bars. 
They’re only trouble.” Barkley pro- 
tested. He said he was not going to allow 
people to “mess with my manhood.” 

Shaquille O’Neal exercised second 
thoughts in this regard. After his fine 
and suspension for slapping and knock- 
ing down Greg Osterng of Utah in an 
argument before a recent game. O’Neal 
issued an apology in writing to the other 
large center. 

. The times have produced a remarkable 

chemical reaction in some players: It has 
fattened tbeir wallets and bankrupted 
their wits. It seems that like Barkley, who 
in a TV commercial of all places said he 
was no role model, too many athletes 
believe they can do whatever Urey warn, 
whenever they want. 

But this is beyond being simply a role 
model It is about being a good citizen, 
period About having a good work ethic, 
and about not abusing drugs or alcohol 
or one’s spouse, among other items. 

Jordan keeps perspective by recalling 
how his parents raised five children in 
Wilmington. North Carolina, his father 
“working two and three jobs" and his 


mother “managing the budget for the 
house and stretching a dollar as far as it 
could be stretched. 

“I can only do what I’m comfortable 
doing, and working with kids in the 
inner city is one of them,” Jordan said. 
‘ ‘But 1 try todo what lean in other areas. 
Like I’m keeping on top of how Nike 
treats workers in Asia’ ' — he has a huge 
endorsement contract with Nike — 
“though 1 think some of that is mis- 
understood And when my dad was 
killed, groups wanted me to campaign 
against handguns. I said I was opposed 
to private handguns, but 1 felt pressured, 
so 1 declined." 

Jordan added: “I'm not kidding my- 
self. I'm no Muhammad Ali.” whom he 
said he admired. Nor, be said, is he Joe 
Louis or Jackie Robinson, people who 
stood for something beyond just sports: 
“They carried the burden of an entire 
race. I’ve never had to do lhaL" 

He said he believed that he would 
fade front popularity when he retired. 
“My lawyer doesn't think so.” said 
Jordan. "But 1 disagree. Look at Magic 
and Bird. They're already waning. I’ll 
be the same." 

Perhaps. But as with DiMaggio, many 
lonely eyes may properly turn to Jordan. 


Holyfield Psyches Up for Moorer Showdown 


The Associated Press 

LAS VEGAS — Evander Holy- 
field’s search for motivation in the 
wake of two mega fights against Mike 
Tyson did not last long. He found it in 
the last 10 seconds of his first fight 
with Michael Moorer. 

It was then that Moorer raised his 
aims in victory three years ago and 
seemed to mock the proud Holyfield. 
It was then that Holyfield really 
wanted to fight — something he ad- 
mittedly didn't do much of during the 
previous 1 1-plus rounds. 

"As bad as I felt that whole fight, 
the one time I got excited was when the 
match was almost over and he raised 
his hands,” Holyfield recalled. "That 
made me angry. I couldn't believe be 
raised his hands after not doing any- 


thing in the fight. If 1 had only had one 
more minute with him.” 

Holyfield didn’t have another 
minute, and in a few more minutes he 
didn’t have the WB A and IBF heavy- 
weight belts he had worn into the ring 
with him. 

Fighting with a sore left shoulder, 
and soon lobe beset by talk about heart 
problems, Holyfield had coasted 
through the fight hoping to win, only 
to come out on the losing end of a 
majority 12-round decision. Now he 
gets another chance in Saturday 
night’s rematch with Moorer, and he 
can’t wait. 

Holyfield is the conqueror of Tyson 
not once, but twice. He gained fame far 
beyond what he ever imagined when 
Tyson bit a chunk out of his right ear. 


then nibbled on his left ear for good 
measure before being disqualified in 
their second fight. 

Now he’s trying for revenge against 
the only fighter who has beaten him 
and he hasn ’t beaten. It ‘s also a chance 
to add the IBF heavyweight title to the 
WBA title he won from Tyson as 
Holyfield tries to unify all three major 
titles before retiring. 

Holyfield is about a 12-5 favorite to 
win the rematch against Moorer. a 
crafty lefty who possesses good 
punching power but who many feel 
hasn't been the same since George 
Foreman knocked him out with one 
punch to lake away his titles in 
November 1 994. Moorer came back to 
win the vacated IBF crown over Axel 
Schulz. 


Scoreboard 


BASKETBALL 


NBA Btajummos 


LA-CHppem 
Gotten State 
Sacramento 


i £a i h 

1 J667 K 

2 -000 2 

3 -000 2Vi 

3 JX» 2* 


nuicv ( el tics, Hi 


New Jersey 
Mtaffli 
New York 
Washington 
'•Barton 
corkmdo . 
PWmteJpWa 


ATLANTIC DIVISION 

W L Pd 

3 0 1X00 

2 1 jUP 

2 1 Ml 

2 2 .500 

1 2 333 

• 1 2 333 

I 0 2 .000 

CENTRAL DMSOM 

3 0 1X00 

2.i ta 



| f \ f 4 

.Detroit 

2 1 

667 



- 'MBwoukn 

2 1 

M7 

■ £ 


. Qrartotte 

1 2 

-333 



, Cleveland 

1 2 

J33 



... Indiana 

1 2 

333 



Toronto 

1 2 

333 



mmn 

fowm 

so 




r*. un s . 


MDWEST DMBION 

W L Pet 
'CDoflos 3 0 1X00 

- Houston 2 1 Ml 

M Intacta 2 1 MJ 

-Son Antonio 2 1 Ml 

Vancouver 1 2 3 33 

Utah 1 3 JtSO 

Denser 0 3 X00 

MCnCDMMON 

' LJC Lakers 2 0 1-000 

Phoenix 2 0 1X00 


nattMT'samu* 

■ Gotten state 23 17 K H— 84 

GB Toronto 33 21 32 lt-lM 

— &5^ Marta* 6-20 34 » Dampier6«2-3 
V, UTiWnltace 8-141-217, StowtomimM* 6- 
K 7 16. Reboeods— Gotten Stato 74 (Marsh rtl 

1 Snttb Dumpier ID), Toronto 51 (Christie 8). 
IK Assists— Gotten State 26 CSpraweB B. 
IK Taranto 30 {Stoodmntre 13). 

2 Boston 22 17 20 11-70 

New York 23 33 27 19—102 

— B: Knight 6-10 (Ml IX Bowen 4-7 24 11; 
1 tLY; Ewing 6-12 14-17 2& Mill 8-15 1-1 17. 
1 Rohoumto— Boston 37 (McCarty 7). Now 

1 York 63 (Etotag V). Asstta-Batatr If 

2 (Water*). New York 19 (0attey5). 

2 Detroit 14 22 24 11—71 

2 Anuta ' 16 71 20 17 — *2 

2 D: B.WRkmm 8-T8 0-1 14. H» 5-204-5 Vt 
Setfy 5-77 46 1* A: Smith 10-19 56 27, 
Henderson 6-1 1 6-10 19. Behosnds-Oetmlt 
GB 36(B.WBtomsin.Aflonta60(Mirtombnl3). 

— Asdsts— Oetro# 16 (Hffl 5). AJtonto 13 

1 (Btoytock 4). 

1 Indiana 19 14 27 17-77 

1 devotand 23 23 23 11-00 

2 L* Mtter6-200-102LMuBn 692-2 14.G 
2K Kemp 8-19 23 IX Anderson 5-12 26 IX 

3 Reborn*— Irxficmo 49 (D -Davis 15k 
Qevekmd51 (Kemp 8). AssUfe-lndbm 22 

— (Jodaon8).aevetaftt23(KiilgM9J. 

— Houston 24 23 22 25-94 


Seattle 29 32 31 26-118 

H: Baridey 7-9 2-2 17, Johraon 514 34 15t 
Se Payton 1 1 -18X4 27, Sdncmpf 59 10-1 022, 
Baker ID-14 Q-2 2ft Rebo unds H ou sto n 49 
(Baridey 1 1), Seattle 37 (Bakes Kersey 5J. 
Assists— Houston 21 (Price SL Seattle 30 
(Payton 12). •- 

Orlando 18 19 14 25- 76 

Mflwoute* 32 2S 27 26-118 

OtKCnfcmay 4-13 6-10 >6 Outlaw 57 M 
IX M; Brandon 7-11 (M > li G8tem562-2 IX 
Pony 48 44 IX Rebowri*— Orlando 50 
(Grsrft Setts ly. Outlaw 7), MBwnutee 52 
(HS 9). Assists— Odando 15 (Armstrong 4), 
AUtMavkee 18 (Brandon .57. 

Vtoicoavor 30 24 28 12-87 

Dates 18 32 24 18-92 

V:Abdur-RnMm 10-24 8-1 02X Thorpe 6-10 
46 lfc D: Rpley 12-184-729. ScdM 11-20X6 
28. gehc a nds— ' W racptw 57 (Thorpe 10, 
Data 62 (Green 13. AsWsts— Vancouver 71 
(Abdorvftrtnv Dantofe O. Data 22 
OCReeva. OBe 71. • 

Washington 38 29 34 27-120 

Denver 22 11 21 32- 96 

Yh Homed 10-159-929, Murray 6-15 7-7 2ft 
D: E.WUaras 7-1612-1926, Portion 6-1669 
22. l Uk e undi Washin g ton 56 (Howmd 13. 
Denver 67 (GarndMU. Awtsts-Washtogton 
33 (Striddand 10), Denver 11 (Newman 4). 
Utah . 17 16 30 21- 84 

phoenix 27 25 24 20-116 

U: Matone 7-17 0-1022, Homncek 612 44 
1 7s P: Johnson X9 1616 2X McDyem 61 03- 
511 RoMrnen 56X4 IX tebowtti U tah 
SI CM atone, Ostortog 11). Phoenix 47 (KUO. 
Maining 71. Araists— Utah 15 (Hamacek4), 


Phoenix 24 QQdd 13- 

Minnesota 33 24 17 31-105 

Portland 29 37 27 29-122 

M.-Gugfiotta9-179-1227.MatouTy7-1010- 
1127; P Anderson 8-122*4 24 Sabot* 9-11 5- 
623. Rtder7-1 72-230. It eO niwrii Mlnnewito 
42 (GogBolta 8), Portland 44 CSabanb 10). 
Assists— Momenta 23 (Marbury 9). Portland 
27 (Anderson 7). 

UCLahen 23 21 25 25-101 

Sacrame n to 26 27 2S 20-98 

UL: Jones 14-174-5 35 Cnmphe»6l39-9 
21; S; Richmond 9-16 2-2 24iPo(vnkx 7-1 1 2- 
4 16 Dehem W W 6 Raftounds-Us 
Angetas 45 (Blount 71, Sacramento 49 
(Potynloe 13. Asnisto— Los Angeles 21 (Vbn 
Exet 6). S a c ra mento 29 {Dehera 9). 


HOCKEY 


NHL Standings 


ATlAKTICDIVISKMi 

w L T Pto 
PhOodetpNa 8 5 3 19 

Washington 8 5 2 18 

New Jersey 8 5 0 16 

N.Y. Istondea 6 5 2 14 

N.Y- Ranges 3 6 6 12 

Florida 3 7 3 9 

Tampa Bay 2 9 2 6 

NORTHEAST DTVWKW 
W L T Ml 
Boston 9 5 1 19 

Ottawa 8 4 3 19 


DENNIS THE MENACE PEANUTS 


Montreal 

Pittsburgh 

Buffalo 

CanEno 


■ 4 2 18 44 30 

8 6 2 IB 47 44 

5 7 2 12 35 45 

4 8 3 11 38 47 


cuhhai. DnraiuN 

W LTPkGF 6* 
11 2 2 24 56 33 

11 3 2 24 51 34 

9 5 2 20 50 40 

6 5 2 14 41 36 

5 10 0 10 27 41 

3 7 3 9 25 39 

McnctxnaoN 

W L T Pts GF GA 

7 2 6 20 49 38 


D I 2-3 

0 8 0-0 


Colorado 7 2 6 20 A9 38 

Lae Angeles 6 6 4 16 51 44 

Anaheim 5 5 4 14 32 35 

Edmonton 5 7 2 12 29 43 

Colgary 3 9 3 9 39 50 

San Jose 4 10 1 9 34 46 

Vancouver 3 11 2 I 37 57 

nuNriMmn 

UsAngetes D I 2-3 

New Jersey 8 8 0—0 

Rnt Parted: None. Second Ported: UL- 
Murray 4 CPeneoua Tsyptalcw) Third 
Period: LA. -Murray 5 {Perreault 
Tsyptakm). X LA--CJehnsan & Shots on 
peak LA.- 966-21. NJ.- 14-10-12-36. 
Gadew LA^FEset. N-LDuaham. 
V awtaf 0 10—1 

WraMagtoa • t 1-2 

Rnt Ported! None. Second Parted: V- 
Ledyord 1 (Mesrtec Noslimd) X W- 
Jotonsson 6 CHoadey, Oates; (ppJ. IMtf 
Period: W-Bondm 7 (Onto*, Houetoy) Shots 


oa goto: V- 9-10-7-26. W- 1X16-12-41. 
GoeSes V-McLean. W-Kotzig. 

Toronto ■ 0 0 0-8 

Saa Jose 8 8 0 0-0 

Hrat Period: None. Second Period: None. 
Third Ported- None. Ov er tim e. - None- Shots 
on soak T- 11-53-0 — 19. SJ.- 6-7-54-22. 
Goalies: T-Healy. Cousineou D-0-1. SJ-- 
Vemon. 


CRICKET 


Jubilee Touhnamewt 
nuasnuf v*. sat cajoca 

WEDESOAX IN LAHORE. PAKISTAN 
Pa kistan tarings: 200 a8 out {494 oners) 
Sit Lanka innings: 281-2 
Sri Lanka iron hy 8 wfctets 


SOCCER 


UEFA Cup 


Aston VBIa X Attriedc de BSbao 1 
Aston VBo advanced on 2- 1 aggregate 
Bastia X Steaoa Bucharest 2 
3-3 aggregate; Bodt. ah', on attar aeon 
OBCretolAiaetre2 
Aaxerre advanced on 54 aggregate 
Cndlo of Zagreb X MTK Budapest 0 
Croatia adeonrad on 2-1 aggregate 
Dinamo TWK a Braga 1 
Braga advanced an 5-0 ago repoto 


Karlsruhe 1. Metz 1 
Knrbmhe advanced on 3-1 oggregafe 
Lotto of RoqieX Rotor Volgograd 0 
Lazto of Rome advanced on 3-0 aggregate 
Liverpool Z Strasbourg 0 
Strasbourg advanced on 3-2 aggregate 
Lyon 1, Intomaztonale of Milan 3 
Intemaztonale advanced 4-3 aggregate 
I860 Munich Z R a p i d Vienna 1 
Routt Vienna advanced on 4-2 aggregate 
PAOK Salorica A Attefire de Atadrtd 4 
Attohco advanced on 9-6 aggregate 
Spartak Moscow ZVblodoIld l 
Spartak advanced on 4-J aopregote 
Udlneee Z Ajax Amsterdam 1 
2-2 aggregates Ajax adv. on away goals 
Twerie Enschede a AGP Aarhus 0 
l-i aggregate; Tw e n te tn lv. on a way g oals 


TRANSITIONS 


AHEraCANLEAOUC 

CEEve i AMP Agre ed to terms wilt) LHP 
Brian Anderson on 1 -year contract. Declined 
to ererdse 1998 option on RHP Jock Me- 
Dowel. 

K.Y. Yankees- D edined to exercise 1998 
optioc on 78 Pot KeCy. 

NATIONAL LEAGUE 

co lmaoo— S igned Don Baylor, manager, 
to 1-year contract extension through 1999 
season. 

H.r. wets— D ecAnetJ to exercise 1999 op- 
tion on 2B Carlos Boetgo. 


NATIONAL. BASKETBALL ASSOCUOTON 
PORTUUiD-Fmed G Isaiah Rider 51X00 
for missing practice. 

motsau 

NATIONAL FOOTBALL UEAOUE 
nfl— F ined Pittsburgh LB Greg Ltoyd 
S 1X009 for flagrant Mr on Jacksonville WR 
Keenmi McCardeB in Od. 26 game. 

HEEN pay— S igned C Rob Davis. 
INMANAFOUS-Woned FB Ro twv ck 
Ports. Signed WR Nate JacquM from pradto 
squad. Signed DB Rkn Ctartc to practice 
squad. Waived LB PhlUp Ward from taprred 
reserve. 

Philadelphia— Signed WR Russell 
Copetond. Signed LB DeShown Fogle (nun 
practice squad- Released WR Jushn Armour 
and K Loony Coflccria. 

un pu nn Releas e d TE At Pupanu ana 
FB Ganeef Gardner. Put LB Bobby Hoastan 
on hjaivd reserve. Signed LB Mkhaei HamB- 
ton and FB Robert Oiancey tram practice 

*oa«r 

NATIONAL HOCKEY LEAOUe 
hhi — S uspended Florida coach Doug 
MacLean tor2 games wtfiioat pay and flaed 
Mm 55.000 as a result at confrontation wtta 
officials Nov. 1. 

anahcim— R ecalled 0 Pavel Trnks from 
CtncJnnafv AHL 

CflLMADO-Recaflcd RW Christian Matte 
from Henhey, AHL 

EDMONTON-Assigned C Jason Ban- 
sipnore to San Antonio. IHL 
N.Y.RANCM3— Assigned CMaicSavara to 
Hurttord. AHL 


CALVIN AND HOBBES 


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PAGE 20 




INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 6, 1997 


ART BUCHWALD 


All Hail the Little Guy 


W ASHINGTON — It is 
now common know- 
ledge that die little guy saved 
die stock market from its 
worst crash in history. 

All the big guys at the Bull 
and Bear Grill were talking 
about it the oth- 
er evening. 

There were 
rtners from 





Idinaa Sachs 
and Morgan 
Stanley, in- 
vestors for the 
large pension 
funds, players 
in biilion-dolkr 
mutual funds, and traders who 
lived and died by junk bonds 

□ 

Into this motley crowd 
entered a man in cowboy 
boots, blue jeans and a worn 
T-shirt. 

“Who is it?" whispered a 

banker in an Ar mani suit. 

The man sitting next to him 
at the bar said, “I can’t be- 
lieve it It's the little guy, die 
one who saved us all from 
going belly up.” 

The word spread like wild- 
fire through the bar. Suddenly 

Rembrandt Portrait 

Goes on Display 

The Associated Press 

AMSTERDAM — A self- 
portrait of Rembrandt went 
on display Wednesday at 
Amsterdam’s Rijksrouseum 
after hanging for years in a 
Paris art dealer’s bedroom. 
Dressed in 17th century 
finery, a 26-year-old Rem- 
brandt is shown gazing out of 
the small, 1632 painting. 

Authenticating the paint- 
ing was like piecing together 
a puzzle for a team led by the 
ait historian Ernst van de We- 
tering. The story of the recent 
discovery is told in his book 
’’Rembrandt: The Painter at 
Work,” published this week. 


a cheer went up from the 
Crowd, and they hoisted the 
little guy up onto their 
shoulders and carried him 
around the room. 

“Have a Chivas Regal,” 
yelled a broker from Merrill 
Lynch. 

“I’d rather have a beer,” 
the little guy answered. 

□ 

A man from Smith Barney 
spoke, "You didn't panic. 
Tell us your secret.” 

The tinle guy said, “Why 
panic? All I saw on Monday 
was a much-needed correc- 
tion. We little people expect 
glitches in the market, and 
you have to be a fool to un- 
load just because Bill Gates 
had a bad day.” 

The crowd strained to hear 
every word be said. 

He blew die foam off his 
beer. “You big guys pan- 
icked because you kept look- 
ing at the numbers. The little 
guys knew dial if they waited 
until Tuesday they could pick 
up stocks at going-out-of- 
business prices. Once you big 
guys knew the little guys were 
buying, you regained your 
courage and jumped back into 
the game.” 

A man wearing a double- 
breasted Calvin Klein suir 
said, “It's true. We had no 
idea what you people would 
do. It’s hard for the big guys 
on Wall Street to read the 
mind of the little investor. 
Thank God he has ice in his 
veins.” 

□ 

The little guy finished his 
beer and said, * ’Thanks, but I 
have to be going.” 

“Where are you going?” 

“I have to buy a lottery 
ticket. I feel that after Tues- 
day I can’t lose and, besides, 
there's no difference between 
the lottery and the stock mar- 
ket.” 


George Makinto: Living in the Global Village 


By Mike Zwerin 

International Herald Tribute 

P ARIS — “You can drop the 
George," George Makinto 
says. Makinto had already dropped 
a "McIntosh" somewhere along 
the Line. 

Talk about living in a global 
village. Bom in 1963 in Freiburg, 
Germany, of a German father and a 
Liberian mother, Makinto grew up 
in Germany, France and the United 
States. He speaks German, French, 
English, Spanish, Portuguese, Itali- 
an and what he calls "mixed Af- 
rican.” He con- 
siders Liberia his 
homeland, he has 
many Liberian rela- 
tives. Not long ago. 
he attended a family 
meeting in Abidjan 
in the neighboring 

Ivory Coast where 

many of them had taken shelter 
from a civil war. 

His producer Tommy Snyder 
calls him a "truly free man.” Mak- 
into's high-spirited new CD. "An 
African in Paris” (Sweet Basil Re- 
cords). was released in Japan in 
May and in Europe in October. The 
liner notes are in Japanese. 

Basically on the road for IS 
years, Makinto will play the flute 
while walking down a dark street 
in a strange city. He also plays 
piano and arranges and composes 
for Miriam Makeba, a legendary 
figure a/k/a Mama Africa. Their 
tours are frequent and long. Ma- 
kinto’s address book contains 
names of family and friends just 
about every place they go. He is as 
much at home in Tokyo as in Los 
Angeles. 

His mother and a sister live in 
New York, his father in Germany. 
When in Paris, he stays with his 
■former wife and their two sons (an- 
other child lives in Spain). There 
are brothers in London and Berlin. 
His office is in his pocket — on this 
afternoon he fielded a cell phone 
call from a Tutsi woman from Bu- 
rundi who lives in Portland, Ore- 
gon. 


Raised in Germany 
France and the LLS^ 
he considers Liberia 
his homeland. 


Between dazes, he is often 
Makeba’s guest in her large home 
in Johannesburg. One of South 
Africa’s most famous exiles. 
Mama Africa has returned home. 
She too has an extended family, of 
which he considers himself a mem- 
ber. There are children running 
about 

Makinto’s Italian has been get- 
ting better lately after a cluster of 
Italian dates. Two Christmases 
ago, Makeba and Makinto played 
in the Vatican for the Pope. They 
performed “Malaika,” a Swahili 
song -she popularized. Makinto has 
been told that 
"Malaika" is one 
of the Pope’s fa- 
vorite songs. 
They were invited 
bade and they 
also played for 
foe Pope in a sta- 
,. di nm bolding 
200,000 people in Rio when he was 
there. They have also performed 
for the prime minist er of Jamaica 
and for Nelson Mandela in Ger- 
many — a birthday present from 
Germany’s president Her band 
matches her pan- African repertoire 
with a Cameroonian bassist, a gui- 
tarist from Madagascar, a South 
African drummer, a four-voice 
choir including her granddaughter; 
plus Makinto. 

First performed in 1993, his 
theater piece in French railed 
“Merci, Mama Africa" is a one- 
man show about the evolution 
of African music. He created 
a theater group that won the Coup 
de Pouce prize for die best musical 
piece at the Avignon festival. 

Over the years, he has collab- 
orated with Hugh Masakela, Manu 
Dibango, Randy Weston, Tania 
Maria and Kirk Whalum. He wrote 
a theme song for the Yokohama 
Marinos, the soccer champions of 
Japan. Paco Rabanne and Cartier 
have paraded their designs accom- 
panied by Makinto. His band mixes 
high life, reggae, jazz and funk. He 
has learned to play the balaphone, 
guitar, saxophone and corn (Af- 
rican harp). 


Makeba commissioned him to 
write a song called "‘War Child,"' 
about “something terrible" that 
has been happening to the children 
of Liberia. She was- moved after 
be told her die following story' 
in detail. Now, careful to be ob- 
jective, Malrimo makes no accu- 
sations, cites no villains. He weighs 
his words, speaking with wbat 
resembles a soft Dumb accent' 

“Liberia is a very particular 
place on this planet It is a country 
that has a mixed heritage between 
freed slaves coining back from 
America and the natives. It’s, a 
bizarre twist on colonialism. 

“There was much plunder dur- 
ing the six-year civil war that 
now appears to have ended. War- 
lords lured child soldiers from 
the ages of about 8 to 1 6. They were 
given machine guns by grown-ups 
who told them to kilL They obeyaL 
And they’re proud of it. They have 
been taught no ethics. It’s scary. 
Aimed and ferocious gangs roam 
foe hmteHanrfg with guns. These . 
chil dren have learned nothing 
but war. I hearvoices telling me ‘go 
back and help foe children-* Music 
is the wily way I know.” 

In the early 1990s, with foe help 
of foe European Development 
Food, Makinto started a school few 
music in Niamey, Niger. There was 
a mixture of traditional and modem 
instruments and influences. (The 
funding is greatly reduced now.) 
He would like to do something 
similar in Liberia. 

Growing up there, there was 
neither a musical scene nor an in- 
frastructure. After foe only record- 
ing studio in foe country closed, he 
moved to Abidjan where be stayed 
three years and studied music, put a 
band together and learned French. 
In 1988, he came to Paris as part of 


tpresenong 
sic of foe Ivory Coast at the Pomp- 
idou center. 

His family is a mixture of Af- 
rican-American and native Afri- 
cans. His grandfather was a mis- 
sionary. They own property in 
Liberia, and they intend to return to 
it one day. Makinto wants to build 





Makinto’s band mixes high life, reggae, jazz and funk. 


his school on family land near 
Buchanan, Liberia's second city 
after Monrovia. For foe timebeing, 
however, it is not safe around 
Buchanan after the sun goes down. 
So few more than one reason, his is 
a long-term project He plans to 
visit Liberia in February. 

Makinto has been spending 
more time in New York than in 
Paris or Monrovia. Every' Monday 


night, he plays the Sweet Basil, a 
jazz club in Greenwich Village. He 
feels part of the "broad spirit of 
jazz” as well as the "African spirit 
of music.” 

Not unaware of the necessity to 
nourish his career, still, basically.be 
docs not play music to earn money. 
“First there’s life.” he says. "And 
then there’s music. I don’t live for 
music. I play for life." 


j/i* < 


ART 


PEOPLE 


A Splendid Collection Goes On Display in Japan 


By Souren Melikian 

International Herald Tribune 


S HIGARAKL Japan — The story is 
strange, foe site beautiful, the new 
Miho Museum of Asian art fantastic. - 
There was a weird touch of utopia to 
foe inauguration ceremony Monday, 
halfway between some vaguely religious 
celebration and an outsized East-meets- 
West bash, conducted at the entrance to 
the steel-and-gjass structure in the pine- 
covered mountains of ShigarakL It was 
well in tune with this futuristic vision of 
foe high-tech East retreating from its 
overpopulated, polluted cities to med- 
itate upon the beauty of its past. 

An international crowd of museum 
directors, art dealers and collectors 
stood in bright sunlight. Suddenly, Jap- 
anese drums started booming, their an- 
cient rhythms somewhat updated as 
were the outfits of the drummers, who 
could have been sportsmen at foe 
Olympic Games. 

Wearing the traditional kimono. 

Hiroko Koyama. daughter of Mihoko 
Koyama. now 87 — without whom the 
museum would not have seen the light of day — 
delivered a brief opening address. A dark-suited 
attendant bellowed a countdown, in English, as if a 
space rocket was about to be launched. Hiroko 
Koyama cut a ribbon, and foe guests streamed in. 

If foe ceremony looked odd, it is nothing com- 
pared with the story of Mihoko Koyama, the w ife of 
a Japanese millionaire, which mirrors' the traumatic 
transformations of the Orient and its search for new 
certainties. It starts in 1970 when Mihoko Koyama 
founded foe Shinji Shumeikai to spread the teach- 
ings of a master, Mokichi Okada. 

The stated aim of this "spiritual organization.” 
as its members define it, was “foe pursuit of truth, 
virtue and beauty.” Contemplating beauty, Okada 
taught, purifies the soul. 

A bom an lover who began acquiring tea cer- 
emony stoneware vessels in the 1950s, Mihoko 
Koyama, decided to make her own collection avail- 
able for contemplation. She and her daughter Hiroko 
formally donated it to the Shumeikai Cultural Foun- 
dation in 1993. A museum was needed. When ap- 
proached, L M. Pei, the Chinese- American architect, 
at first declined the commission, then accepted while 
remarking to Mihoko Koyama that what was really 
desirable in the area was an international art mu- 



foe dealer sensed the intensity of her 
commitment, he let months go by. 

The event that set foe wheels turning 
took place in January 1991. Horiuchi 
was to meet with a colleague who 
never turned up at the appointed place 
in London — Eskenazi, then at 166 
Piccadilly. 

Dressed like a hippie, he pushed 
open foe door of the study room where 
Giuseppe Eskenazi’s wife, Laura, had 
spread out on a long table foe Chinese 
bronzes, mostly with gold inlay, that 
were to go into the epoch-making "In- 
laid Bronzes from Pre-Tang China" 
show of June 1991. Horiuchi said he 
had never before seen archaic bronzes 
and was beside himself with excite- 
ment, handling them endlessly. He 
moved two-thirds of the pieces to a 
side table and flatly said that he wanted 
to buy them. 

On receiving the proofs of foe cata- 
logue and a price list in April, he wired 
l. Hori 


Richly decorated silver drinking horn from Iran, first century B.C. 

seum. rather than one of exclusively Japanese art. 

It is at that point that Noriyoshi Horiuchi’s path 
cut across that of the Koyamas. Horiuchi. now in 
his 50s, became a dealer, driven by a passion that 
made him squander on two ViUanovan vessels of 
the 7th century B. C. the money that was to see him 
through an academic year in Dublin, where be was 
to study the interaction of law and politics. 

In his quest to find out more about foe vessels, 

Horiuchi drifted to Basel. There, be thought no 
more about studying law. Instead, he learned the art 
of looking at objects under the tutelage of the late 
dealer Elie BorowskL 

For a few years. Horiuchi had a gallery in New 
Bond Street in London before returning to Tokyo 
where he continued to deal in antiquities from a 
modesr gallery with limited capital. It was a mu- 
seum director who told him that he should meet 
Mihoko Koyama who had “a great eye and great 
courage.” And money. 

Mihoko and Hiroko Koyama, likewise alerted, 
paid a visit to Horiuchi’s gallery. They were riveted 
by two Egyptian bronze figures of the 6th century 
B. C. and bought them. One day, Mihoko Koyama 
expressed to Horiuchi her intention of building up 
"a major collection." But this is Japan. Although 


back his confirmation. Horiuchi then 
showed foe proofs to foe Koyamas, 
mother and daughter. They expressed 
deep admiration, reserved their answer 
and 10 days later informed, him that they would buy 
three pieces — admittedly foe most admirable in 
foe museum. Horiuchi thought he was bankrupt, but 
he would not go back on his word to Eskenazi. 

Late in May, Horiuchi, Mihoko Koyama and 
Hiroko traveled to London. As they saw the pieces, 
admirably displayed at Eskenazi’s, foe two women 
were overwhelmed. They told Horiuchi they 
wanted everything .be had reserved, barring an 
i n la i d dagger, because it was an instrument of war. 
The great collecting venture was launched. At top 
speed and top dollar, an extraordinary collection, 
with archaic China and ancient Iran as its two 
jewels in foe crown, was formed in six years. 

Not everything is perfect. A very few pieces.even 
raise questions. A set of Chinese marble panels in 
low relief are surprisingly clumsy. They offer in- 
explicable features that do not all sit easily with foe 
purported date, around the 8fo or 9th century. The 
lighting makes it impossible to see foe detail of 
some of foe most precious objects. Bat these are 
peccadilloes. 

They make little difference to the splendor of the 
collection. It has only one flaw. Not many. may be in 
a fin anci a l position to purify their souls by traveling 
to the mountains of Shigaraki. 


T HE former husband of Brigitte Bardot 
and bis publisher have been ordered by a 
French court to pay her 50,000 francs in dam- 
ages for having invaded her privacy in a kiss- 
and-tell book. But the court on Wednesday 
threw out foe actress's request to seize copies 
of Jacques Cbarrier's “My Answer to BB.” 
published by Michel Lafon, which tells his 
side of their three-year marriage that ended in 
divorce in 1962. They had one child. Nicolas, 
who joined with Charrier in successfully suing 
Bardot, for invading their privacy in her best- 
selling memoirs, “Initiates BB.” The court 
ruled that Chanier broke France’s tough pri- 
vacy laws by publishing steamy letters Bardot 
wrote to him during their courtship and mar- 
riage. 

□ 

One of foe last outfits designed by Gianni 
Versace for Diana, Princess of Wales, will 
be auctioned Sunday in Milan to raise money 
for cancer research. The black wool crepe suit 
was one of Versace’s last creations before he 
was killed on foe steps of his Miami Beach 
mansion on July 15. Along with the suit, shirts 
worn by Ronaldo, foe young soccer phenom 
who 
of A< 


plays for Inter Milan, and George Weah 
C Milan, also will be offered. 


D 



An auction of the possessions of the late 
Duke and Duchess of Windsor, which was 
postponed because of foe deaths of Diana and 
Dodi a! Fayed, will be held Feb. 17 to 27 by 
Sotheby’s in New York. The auction said 
Wednesday that the sale would take place 
from Feb. 19 to 27. The collection of paint- 
ings, pieces of furniture, letters, photos and 
other items was acquired by Mohamed af 
Fayed, owner of London’s Harrods depart- 
ment store, after the death of the duchess in 
1986. 

□ 

The police found nothing artistic about the 
red line scrawled across a painting by Yoko 
Ono valued at $240,000. Jason Platt. 22, was 
charged with felony vandalism for using a 
felt-tipped marker to deface "Pan Painting/A 
Circle’ ’ and was released on $7,500 bond. The 
painting by the widow of foe former Beatle 
John Leonon, was on display at the Con- 
temporary Arts Center in Cincinnati in an 
exhibition that ended Friday, the same day 
Platt surrendered. • 

□ 

The new editor of National Review will be 


l : IUV.1Ul FVfcHUj Wcw 

A partial victory for Brigitte Bardot 

Rich Lowry, the magazine’s 29-ycar-old na4 
tional political reporter. The University of 
Virginia graduate was named after lunching 
with the magazine's founder, William Fi 
Buckley last week. Lowry succeeds John • 

O'Sullivan Earlier this week, fire swept • 

through two bedrooms and a bathroom ai 
Buckley’s house in Stamford. Connecticut, • 
causing at least $75,000 in damage. 

□ 

A weeping Billy Preston was sentenced to r 
three years in prison for violating probation he 
received for cocaine possession! A California 
judge rejected pleas for leniency and ordered 
the maximum sentence, saying prison will 
save the life of the 51-year-oid Grammy-: 
winning singer and keyboardist. 

□ : 

The Los Angeles airport would be renamed 
Jimmy Stewart international Airport if a 
county supervisor gets his way. The film star 
flew 20 World War n combat missions — 
reason enough to honor him. Mike Ant-; 
onovich said. 


VI 


■11 Li; 


" V 



in the springtime. 


Every country has Its own AT&T Access Number which 
mates calling home or to other countries really easy. 
Just dial the AT&T Access Number for the country you’re 
calling from and you'll get the clearest connections 
home. And be sure to charge your calls on your AT&T 
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charts on your hotel bill and save you beaucoup de francs 
(up to 60%*). Check the list for AT&T Access Numbers. 


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i Dial life phone number you'ie calling. 

3. Did the calling card number listed 
3few your name. 


AT&T Access Numbers 


EUROPE 


Austria »o 

Belgium* 

France 

Germany 

Greses* . 
MtatfD 
Half* 
Netheriandt 


B2-903-011 

0-WB-lM-lB 

0- mo-m-mii 

013M8H 

.I9-MB-1311 

1- 880-550408 

..172-1811 

BWB-0H-9T11 


Russia •a(Moscqv)* 756-5842 

Spain 900-99-08-11 

anOan 8M-79M11 

S»ifcartairt« 0W8-K-W11 

United Kingdom * 0588-89-0811 

MM -89-8811 

- JtlOOLEEJST’ 

Egrpt*(Catrop .. .'518-8200 

Israel 

Saudi Arabia* 


177-100-2727 

1-808-11 


AFRICA 

Ghana 
South Africa 


8191 

8-8B0-99-0123 



1 


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