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INTERNATIONAL 



Sribuni 


PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON 



The W or Id 11 s Daily Newspaper 


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Paris, Monday, November 17, 1997 




China Frees Leading Dissident 


Wei Jingsheng 
In Detroit Hospital 


l ■JHlr.i'J /«! Our Slug Fma r'apuh.ln 

DETROIT — China’s most prom- 
inent pro-democracy campaigner ar- 
rived in the United States on Sunday 
after having unexpectedly been re- 
leased from a prison where he had 
spent nearly all of the last 18 years. 

Wei Jingsheng, 47. left Beijing 
earlier Sunday to seek medical treat- 
ment in the United States for heart 
problems and high blood pressure. He 
was immediately taken to Henry Ford 
Hospital after his flight landed. The 
hospital declined to comment on the 
condition of Mr. Wei, who was ex- 
pected to go on to New York. 

President Bill Clinton welcomed 
Mr. Wei’s arrival. “After he gets that 
treatment,. the president looks forward 
to meeting with him,” said the White 
House chief of staff, Erskine Bowles. 

Mr. Wei's release followed Western 
pressure on China over human rights. 
A White House spokesman, Joe Lock- 
hart, said Mr. Wei’s case had been 



Beijing Rids Itself 
Of Potential Martyr 


By Seth Faison 

Ww York Times Service 


BEIJING — By releasing Wei Jing- 
sheng, China's leading dissident, and 
sending him into exile in the United 
States, Chinese leaders have made a 
major concession to international 
pressure." They also rid themselves of 
China's most potent political martyr. 

Mr. Wei, whose eloquent writing 
landed him in prison 18 years ago, and 


Gfrj Bakn/The Auu.iiu.il Pm 

Wei Jingsheng during six months 
of freedom between sentences. 


NEWS ANALYSIS 


discussed at last month’s meeting in 
Washington between Mr. Clinton and 
President Jiang Zemin of China. Mr. 
Wei was jailed in I99Sfor 14 years. He 
had served all but six months of a 15- 
year sentence imposed in 1 979 for his 
role in the 1978-79 Democracy Wall 
movement. (AP, Reuters) 


whose refusal to bend kept him there, 
was taken from a labor camp on Sat- 
urday night and broughr to Beijing to 
see his family before departing for the 
United States on Sunday. 

Mr. Wei’s brother described him as 
buoyant, carrying the same upbeat 
spirit that seemed to keep him alive 


See DISSIDENT, Page 12 


r: u.r/ 



No. 35.680 


Iraq Hints at ^-compromise 

Americans Could Join, but Not Dominate, Inspectors 


By Joseph Fitchett 

International Herald Tribune 


PARIS — Iraq hinted at a compromise Sunday in its 
confrontation with the United Nations over arms inspections 
with a suggestion that U.S. monitors could return to the 
country if the monitoring teams were broadened. 

Tariq Aziz, the deputy prime minister, told Le Figaro that 
his country wanted the UN inspection learns to include equal 
representation of all five permanent members of the Security 
Council — a change from the present situation in which Iraq 
claims that the United Stares dominates the teams. Britain, 
France and Russia have inspectors on the team but China, the 
other permanent member of the Security Council, does not. 

President Saddam Hussein of Iraq said Sunday that he 
hoped a conflict would be averted, although he offered no 
proposals on compromise. 

. “Iraq does not seek conflict with the United States and if 
there is a solution to this crisis, we would be happy,” he said 
in a statement carried by the Iraqi news agency, INA. 

The apparent opening came as Russia agreed to mediate 


with Iraq, and U.S. diplomatic and military officials em- 
phasized that the Clinton administration wanted to exhaust 
diplomatic efforts to resolve the crisis. (Page 1 2) 

“If this formula was accepted, we would have no objection 
to the return of the American inspectors we have expelled.” 
Mr. Aziz said in the Figaro interview, released Sunday night. 

UN weapons inspectors pulled out of Baghdad on Friday 
after Iraq expelled six American monitors. 

Mr. Aziz's proposal seemed to mark a significant retreat 
from the official rhetoric in Baghdad that U.S. monitors 
would never be allowed to return, but it was unclear whether 
Saddam Hussein's top international spokesman was signaling 
a change of policy by Baghdad or simply trying to drive a 
wedge between the United States and its allies. 

Neither Washington nor London would want to see the 
confrontation end in a way that allowed Iraq to impose 
changes on the UN monitoring system. . 

Earlier Sunday, a similar Iraqi overture — calling for a 
direct dialogue between Baghdad and the Security Council 


See IRAQ, Page 12 


Rival Firms 
Join Forces 
To Take On 


Microsoft 


By Elizabeth Corcoran 

HiuA/jifrun Poir Service 


WASHINGTON ■— Microsoft 
Carp, is facing an unusual alliance 
of five powerful companies that are 
■ w orking together on new technol- 
ogies that could topple the software 
giant from its perch atop the high- 
tech world. 

The five competiiors — Inter- 
national Business Machines Corp., 
Netscape Communications. Corp., 
Novell Corp., Oracle Corp. and Sun 
Microsystems Corp. — have been 
driven together by two forces: a 
fear of Microsof t’s hegemony and a 
shared vision of a new Internet- 
based “platform” that would be 
open to all. To plan strategy, ex- 
ecutives of the five companies said 
they and their colleagues had been 
meeting, sometimes weekly, to 
shore ideas and technolog}'. 

The collaboration has gone on 
quietly for months but is being dis- 
cussed more widely now, ai a time 
when Microsoft's business prac- 
tices ore coming under attack from 
both the Justice Department and 
Ralph Nader, a longtime consumer 
advocate. The government last 
month charged that Microsoft was 
using the dominance of its Windows 
software to increase its share of the 
market for Internet-browsing soft- 
ware. And last week. Mr. Nader led 
a two-day conference in which com- 
petitors and critics railed about Mi- 
crosoft’s business practices. 

The alliance — spearheaded by 
the five prominent companies but 
also drawing support from others in 
the industry — might once have 
raised antimist issues of its own, 
according to lawyers familiar with 
the business. 

But. said Mark Lemley, a pro- 
fessor at the University' of Texas 
School of Law in Austin, "there's 
an increasing recognition in anti- 
trust scholarship and law that some-, 
times cooperative arrangements 
among competitors are a good 
thing,” particularly if the compa- 
nies let others use the standards 
ihev jointly develop. 

the vision shared by Microsoft s 
challengers is simple: The new 
cornerstone of the information age 
should be the Internet, which ts 
essentially a collection of standards 
owned bv no single company. The 

old stand-alone personalcomputer, 

with Us Microsoft software and 
chips bv Intel Corp.. should aradu- 
allv give way io newer, chgiper 
alternatives connected to the r Net. 

To make this happen, the ex- 
ecutives are throwing their efforts 
into three into ihree new areas or 


See COMPUTE. Page 7 


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European Companies 
Gain From the Pain 


Cost- Cutting Has Led to Profits, if Not to Jobs 


By Tom Buerkle 

International Herald Tribune 


companies will rise 19 J percent this 
year, double the 9.7 percent growth rate 


LONDON — Long regarded as lag- 
gards in the global rankings of corporate 
success, European companies are stag- 
ing an impressive recovery marked by 
double-digit earnings growth and a re- 
cord spate of mergers and acquisitions. 

The sharply improved picture indi- 
cates that Europe Inc. is beginning to 
reap the rewards of painful restructuring 
efforts of recent years. Following the 


expected at U.S. companies. Profit mar- 
jfs 


gins as a percentage of sales, which a few 
years ago were barely half of U.S. levels, 
are expected to surpass 5percent by 2000 
in Europe, compared with about 4 per- 
cent last year, while U.S. margins slip 
closer to 6 percent from 6.8 percenL 
But this newly robust corporate health 
is unlikely to reduce unemployment 
soon, analysts say. Restructuring is help- 


ing companies increase their productive 
potential will 



Trans-Atlantic trade talks try to 
harmonize regulations. Page 13- 


methods adopted by U.S. companies in 
the 19S0s, many European firms have 
been shedding labor, closing or selling 
off what they consider nonessential 
businesses and streamlining manage- 
ment in a drive for greater profitability. 

“There has been a huge wave of 
corporate restructuring in Europe,” said 
Talal Shakerchi of Old Mutual Asset 
Managers in London. Companies “are 
not focusing on being big, winning mar- 
ket share,” be said. “They’re focusing 
on maximizing the bottom line.” 

The changes have left companies 
ready to benefit handsomely from the 
upturn in Europe's economic growth 
currently under way. Morgan Stanley 
Dean Winer, the U.S. investment bank, 
predicts that earnings at European 


. without fresh hiring, while the 
growing wave of mergers could prompt 
layoffs as companies eliminate over- 
lapping jobs and divisions. Moreover, 
high tax levels across much of the Con- 
tinent are encouraging many companies, 
particularly in Gemurny, to send more 
investment and jobs to foreign markets. 

“European companies are perform- 
ing well, but European economies still 
□rad substantial structural change,” 


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The USS George Washington and a four-ship escort navigating the Suez Canal on Sunday as it headed to the Gulf. 


Did UN Come Too Close to Elite Guard? 


By Tim Weiner 

Noe York Times Service 


Richard Davidson, chief European 

Wit- 


economist at Morgan Stanley Dean 
ter. said. “There’s a need for more 
labor-market reform, tax reform, social 
security and pension reform." 

MAN AG, the German- machinery 
concern and tnickmaker, provides an 
example of the changes now bearing 
fruit across Europe. MAN GHH. a 
sprawling 2 billion Deutsche mark 
(SI. IS billion) division that provides 


See COMPANIES, Page 19 


WASHINGTON — The showdown over Iraq’s secret 
arsenal began when United Nations inspectors sought to 
uncover its biological-weapons program, including germ- 
warfare Lests and suspected caches of anthrax, according to 
UN and U.S. officials. 

The officials traced the confrontation, which has led to 
growing global tension, to an Oct. 27 letter from the chief of 
die UN weapons inspectors. Richard Butler, to Deputy Prime 
Minister Tariq Aziz of Iraq. 

The letter said the United Nations intended to inspect secret 
sites run by President Saddam Hussein’s elite personal security 
force, the Special Republican Guard, and suspected caches of 
data and maldriel from Iraq's biological- warfare projects. 

Reuters reported Sunday that Secretary of State Madeleine 


Albright said in Bahrain that common sense suggested that 
Baghdad had challenged LIN monitoring "because those 
inspections .were about to uncover facts or materials the Iraqi 
regime does not want the world ro see. ’’ 

A senior UN official said the inspectors believed that those 
searches would help them fully describe the biological- 
weapons program for the first time, more than six years after 


the inspections began, 
tie Iraqi' 


The Iraqi leadership never responded to the letter, sections 
of which were disclosed Friday by UN officials. But it appears 
to have struck a nerve. 

Two days later, Baghdad announced that it would shoot 
down U.S. U-2 spy planes supporting the UN inspection team, 
and vowed to expel the American members of the team from the 
county, a threat fulfilled Friday. The United Nations, in turn. 


See INSPECT, Page 12 


A Xenophobic Weed Is Growing in Denmark’s Tidy Little Garden 


By John Vinocur 

International Herald Tribune 


COPENHAGEN — In the mind of its people, 
Denmark has been a preserve of good nature and 
gentle fortune, scrubbed and apple-cheeked, with- 
out arrogance or subservience, a small place so fur, 
decent, and mild that it stands out in its cosy virtue 
as God's own little red house with white picket 
fence. 

A couple of ironies or inconsistencies aside, 
there is a lot of truth here: The statistics show no 


county in the European Union has less poverty or 
much fairer distribution of wealth than Denmark, 


and the trend lines, unlike some of its neighbors, 
run in the desired, equitable directions. Long-term 
unemployment is falling, young people find work, 
the poor as well as the rich get richer, and the 
county ranks third best in Europe in terms of 
limiting joblessness. 

If Denmark were passing judgment on itself 
with the mechanistic vocabulary of the European 
Monetary Union’s convergence criteria for eco- 
nomic performance, it would be at the head of the 
class, alone in Europe talking about a budget 
surplus for 1998. 

That’s remarkable. It is also remarkable .in the 
context of so much current well-being and his- 


torical tolerance that Denmark is a experiencing a 
wave of anti- immigrant and anti-refugee feeling so 
big that it has propelled a far-right nationalist party 
(saying, with Danish moderation, that it rejects 
racist or fascist labels) to the point where polls 
project it will emerge from next year’s parlia- 
mentary elections as the county's third largest 
political force. 

The alarm and discomfort with the rise of the 
Danish People's Party, and its leader, Pia 
Kjaersgaard, made for an anti-racist rally last week 
large enough for newspapers to call it the biggest 
demonstration in Denmark of the 1990s. A day 
later, five Protestant bishops issued a pastoral letter 


insisting that foreigners here should be seen as an 
inspiration rather than a threat to Danes, and ap- 
pealed to them to fight xenophobia by exercising 
human and Christian values. 

Because the anti-foreigner trend appeared in the 
polls only in September, and because Denmark has 
no experience in firing warning shots for Europe, 
there has not been much talk in The Danish political 
establishment of what the situation portends. But 
seen from a perspective beyond Denmark’s, the 
circumstances are unusual and counterin stinctive. 
They leap entirely over the usual connection be- 


See DENMARK, Page II 


AGENDA 


Italy Leftists Gain, 
Bolstering Prodi 


ROME (AFP) — The leftist mayors 
of Rome, Naples and Venice, aligned 
with Prime Minister Romano Prodi 's 
Olive Tree coalition, were re-elected 
with 56 percent to 73 percent of the 
vote in elections Sunday, according to 
exit polls released by RAI television. 
The size of the estimated majorities 
surprised political observers. 

Earlier article. Page 6 


Marchais Dies at 77 


Georges Marchais, 77, who led the 
French Communist Party for more 
than two decades and marked the 
French political scene with a blunt 
style as he tangled with left and right, 
died in Paris on Sunday. Page 9. 



Page II. 


Page 1 1. 

Opinion 

Spurts 

... Pages 20-22. 

TMtMamufMr 


Sponsored Suction 

Pastes WK 

SOUTHERN AFRICA 




AfWm r 

SORRY — Prime Minister Tony Blair apologizing Sunday for his 
handling of a controversy over an exemption to advertising rules that 
benefited a Labour Party donor. He defended the exemption. Page 6. 


Globally, the Heat Is On 


Look at Australia to Appreciate the Difficulty 
160 Nations Face in Fight Against Warming 


By Kevin Sullivan 

and Mary Jordan 

Washington Post Service 


E 


BLAIR ATHOL. Australia 
Cranes with huge buckets sera 
away at a wall of black coal at t 
bottom of Australia's biggest strip 
mine. Over and over, they fill trucks 
that look like Gulliver's playthings, 
with 170-ton payloads and tires that 
stand three meters tail. 

Hundreds of times a day, the trucks 
grind their way out of the 75-meter 
(250-foot) deep pit. dumping their 
coal into machinery that crushes and 
loads it onto mins, which haul it to 
ships bound for Japan, There, the coal 
fires a dozen power plants 
provide electricity to millions 
homes and offices! 

Eleven million tons of coal a year 
are blasted out of this eight-square- 
kilometer gash in the hot. red dirt of the 
Australian outback. This mine is just 
one of scores thai moke Australia the 
world’s largest exporter of coal, with 
$6.5 billion a year in export earnings. 


Australia's dependence on coal for 
money and jobs, and similar bottom- 
line realities around the globe — from 
China '5 sprint to develop its heavy 
industry, to the hundreds of millions 
of gasoline- burning cars that roll off 
factory lines in the United States and 
Japan, to Brazilian and Indonesian 
farmers who clear land by torching 
vast timberlands — are why it will be 
so difficult to get the world to agree ro 
a meaningful treaty at the United Na- 
tions climate conference in Japan. 
More than 160 nations will meet in 


Kyoto next month to try to agree on 
if t 


that 

of 


measures to slow the effects of carbon 
dioxide and other greenhouse gases, 
which scientists say are contributing 
to global warming that could even- 
tually lead to rising sea levels, flood- 
ing. droughts and other dangerous 
changes in world weather. 

Gening countries as diverse as in- 
dustrial Ukraine and the tiny South 
Pacific island nation of Tuvalu to 
agree on any issue would be difficult. 


See CLIMATE, Page 7 


I 








INTERNATIONAL HERALD TRIBUNE, MONDAY, NOVEMBER 17, 1997 


PAGE TWO 




The Road to Prosperity / Link to the West 


In Ukraine, 



e Polish Lesson 


By Christine S polar 

Washington Pan Service 


L VOV. Ukraine — Theroad to prosperity for 
Yuri Banakh seems predictable enough. 
Every weeks, the flour impoita'-freezer 

salesman -cable supplier drives a couple of 
hours west to that European powerhouse. Poland. 
Poland? 

“I’d like to make something with my life, so I’m 
always trying to learn. And I think we can leam a lot 
from the Poles,” said Mr. Banakh, 27, as he chugged 
away in a 12-year-old Lada toward a border that 
divides not only two countries but also two cultures. 
“Not only did they find their way in the world, but 
their government helped people — and looked fora 
way to make the economy work for them.” 

Less than a decade after communism was toppled 
across Eastern Europe, the line between East and 
West is shifting a gain. 

Once the region's economic basket case, Po- 
land's stable democracy and flourishing free mark et 
make it a success story. Now Polish strategies have 
become lessons and lore for its populous, stra- 
tegically significant southeastern neighbor. 

Ukrainians are flocking to the Polish border in 
record numbers — plunking down $463 million last 
year, a fourfold increase since 1994 — looking for 
deals and desperate to make themselves masters of 
their economic fate. 

A couple of years ago, 60 cars a day pulled up to 
customs K»ths outside the village of Rava-Ruska, 
west of Lvov. Today, motorists like Mr. Banakh 
pack picnic crates of sausage and tea, sustenance for 
what can be a four-day wait to cross the border. 

No one imagines this trade, steady on both sides, 
drying up. Visa requirements recently were 
dropped. One new border crossing opened this 
month; two more are expected within the year. 

“When Ukrainians talk about America, it’s like 
they’re talking about another galaxy,” said Yuri 
Yekhanurov, chairman of a state committee to de- 
velop Ukrainian entrepreneurs. “But when they talk 
about Poland, they see a neighbor and someone who, 
not so long ago, was not so different from them. 
They’re looking to see how Poland made it” 
Ukraine’s relations with Poland have never been 
so important As the West considers expanding the 
North Atlantic Treaty Organization to Poland, Hun- 
gary and the Czech Republic, this former Soviet 
republic — whose population, at 52 million, rivals 
die combined total of the three NATO aspirants — 
rises up as a vast new frontier. 

If a democratic and healthy Poland is a security 
asset to today’s Europe, a free but economically 
unsteady Ukraine poses a security question. Po- 
land’s ability and willingness Co cooperate — by 
taking up a regional leadership role even as it 
struggles to deepen its own reforms — is a key 
component in gauging Ukraine’s potential. 

Poland’s turn toward die free market is now 
legend. Two years after a radical economic reform 
program was put in place in 1990, the economy 
began to grow. Today, its gross domestic product is 
increasing at an annual rate of mare than 6 percent 
Ukraine’s steps since die breakup of the Soviet 
Union in 1991 have been far more unsteady. The 
latest report by the European Bank for Recon- 
struction and Development shows fxee-market re- 
form az a standstill. Ukraine's economic growth race 
last year was double-digit — but in the negative 
direction- A new study by Western economists 
found evidence of what might be a quiet turnaround 
— tiny jumps in consumer spending in a country 
where the average monthly salary hovers around 
$80 — that lends some hope. 

But a key burden on Ukraine's moribund econ- 
omy has been the scarcity of private business, cause 
for alarm in any market economy and particularly in 
those emerging from decades of socialism. 

In Western countries, as much as 70 percent of 
die population typically is employed by small- and 
medium-sure businesses. Eight years after inde- 
pendence, 45 percent of Poland’s work force is in 



□irirtiiK Spohf/th: ttWhinglay Ru4 


‘i think toe can leam a lot from the Poles,' said Yuri Banakh on one of his 
frequent trips to Poland. As Polish economic strategies have become lore, 
Ukrainians are flocking to the Polish border looking for deals. 


small business. But Ukraine, which shrugged off 
comm unis m two years later than Poland, has 10 
percent of its working population in small business, 
according to European bank data. 

Ukraine long has been a target for advice from 
Polish economists, most notably the former Finance 
Minister Leszek Balcerowicz, Warsaw’s architect 
of free-market reform. Now Ukraine's lagging busi- 
ness class has been targeted for a trilateral project 
involving the United States, Ukraine and Poland. 

Top Polish and Ukr ainian officials have been 
promoting mutual understanding and reconcili- 
ation. In the last year, die U.S. vice president, A1 
Gore, and President Leonid Kuchma of Ukraine 
have been working to bolster reform. 

U.S. officials who have fretted over lagging 
progress are keen to promote the cross-fertilization 
of ideas to Ukraine, the third-largest recipient of 
U.S. foreign aid. The U.S. Agency for International 
Development has begun shuttling experts between 
Kiev and Warsaw to build workaday rapport 
Ukrainian businessmen who move between the 
two countries often complain that much of their 
time is spent trying to work around this country’s 
stranglehold of state regulations and shakedowns by 
Ukrainian customs agents. 

A SHOP owner, Volodya Chmelyk, works 
12 hours a days, hawking Polish-made 
ceiling and insulation supplies from a 
storefront in Lvov. His business is boom- 
ing, he said, but he could do much more if the 
government would just get out of his way. 

“Why don't they give us the rights to work 
instead of meddling in our affairs?” asked Mr. 
Chmelyk, 35. “My contact in Poland has it so much 
easier. There, you can take out loans, and the money 
goes directly to the people. There, the Poles have less 
licensing. Here, every license costs me another $100 
to $300. In Poland, you don’t have any of that" 
Registering a business in Ukraine can take more 
than a month and cost as much as $ 1 ,000 in multiple 
fees. Dozens of state and local agencies, imbued with 
vague and conflicting powers, can inspect, fine and 
close down businesses. Many companies, according 
to a state review, are forced to pay more than 20 
different types of taxes and keep five different forms 
of accounting ready for random inspection. Frequent 


inspections — and the near certainty of being found 
to have not paid some tax — encourage cheating. 

T HOSE operating outside the parameters of 
licensed business — creating essentially a 
shadow economy — are estimated to 
amount to at least 40 percent of gross 
domestic product 

Perhaps because of this, Mr; Banakh will not 
describe all die businesses he now runs. He estimates 
he has about 20 small businesses in aU, several that 
he describes vaguely as “investment companies.” 

To many observers, western Ukraine — and 
Lvov in particular — is the hope for this country's 
wheezing economy. Lvov, a city of 835,000 people 
whose streets reflect a history forever complicated 
by territorial tumult has been a survivor. 

A drive around Lvov uncovers worn but still 
graceful Hapsburg architecture, the legacy of more 
than a century of Austrian influence. A detour ends at 
a monument to the 19th-century poet Adam Mick- 
.iewicz, evoking memories of Polish rule after World 
War L The highway westward dwindles into a lane 
bounded by fields of potatoes and beets, reminders of 
Ukraine's status as the Soviet Union's breadbasket 
But Lvov’s most promising link to the West is 
perhaps the most frustrating. Rail travel between 
Warsaw and Lvov — a trip of about 640 kilometers 
(400 miles) — can take as long as 1 1 hours because 
of a design difference between Soviet- and Euro- 
pean-made rail lines. 

Tracks in Poland * — like aU those in Western 
Europe — are narrower than those in Ukraine. Train 
cars passing from one country to the other must be 
lifted off the tracks and readjusted, which can add 
between two and six hours to any cross-border trip. 
Lvov’s political leaders are seeking European loans 
to relay 55 kilometers of track, from the border into 
the city center. Their goal, they say, is for crossings 
between Poland and Ukraine to be as easy as cross- 
ing from Germany to France — and as profitable. 

“In Poland, the revolution is already over. In 
Ukraine, it's still going,” said Andny Porlysbyn, a 
Lvov city councilor and historian. “It’s very im- 
portant for us to work with Poland because we can 
leam, and they can spread the word about us: ‘You 
can work with them. You can deal with them. They 
are reasonable people.' ” 


New Rich Puzzle Out ^ 1 
How to Give It Away 

Young Millionaires Take Slowly to Charity 


By Judith Havemann 

Washington Post Sendee 



WASHINGTON — Paul Brainerd 
and his friends do not have much ex- 
perience being rich. They made their 
millions during the high-tech boom of 
die past two decades, and while they 

have proved to be 'wizards at makin g them and their menus to i 
money, they are still novices at a skill ceptions for a charity pitch, 
society expects of its wealthy: learning “I don’t want to mislead 


bigstc 

and newspaper and other files for any 
glimmer of charitable inclination. 

They are also digging into their own 
donor files to see who might possibly 
know hot prospects, and then inviting 
them and their friends to cocktail re- 


■m 

0 

■r. 


ic 


riding 


how to give it away. 

So every, other week, they gather in 
conference rooms around Seattle and 
talk about where and how they ought to 
donate their money. Mr. Brainerd’s 
clob, composed mostly of Microsoft 
Carp, millionaires; operates like a small 
venture capital company, with each 
member contributing $5,000 and de- 
; what causes will get their cash, 
ley have youth and entrepreneur- 
ial enthus iasm, ” Mr. Brainerd says. 
“They say-, ‘Let’s work smart here.’ ’ ’ 
The roaring economy and soaring 
stock market have created a new gen- 
eration of fabulously wealthy young 
Americans, potential driving forces be- 
hind a new philanthropy as far-reaching 
as that of the Camegies and Rocke- 
fellers at the turn of the last century. 

So far, what the new rich have given 
away has bear fairly limited. Aside 
from the celebrated international gifts of 
CNN’s Ted Turner and the financier 
George Soros, most of America’s 4 mil- 
lion millionaires —7 and most notably 
the 170 billionaires among them — 
have been slow to make significant 
gifts, and slower still to use their wealth 
to try to reshape society, according to 
scholars who study philanthropy. 

The run-up in the stock mark et alone 
has increased the nation's wealth by 
about $1.4 trillion in the last year, with 


you,” said 
James Purcell, vice president for uni- 
versity relati ons at the private Santa 
Clara University in California’s Silicon 
Valley. “We are not anywhere close to ■ 
significant penetration of that market. 1 ' 
Nobody is, that I know of.” 

Even so, a few trends are beginning to ■ 

emerge. w £> 

A substantial number appear to oe 
wary about being publicly identified as 
wealthy, fearing they will be badgered 
for money. As executives who have 
built careers on at tenti on to detail, they 
worry about being bamboozled by glib 


_ other words, many nonprofit ex- 
perts say, the new philanthropists often 
run their charities the way they ran their 
successful businesses — - by setting pre- 
cise goals, targeting their resources and 
being eager for results. 

It was only after Paul Brainerd had 
been asked out to lunch by another 
philanthropy-minded young milli onaire 

‘We’re trying to nurture 
a new generation 
of philanthropists.’ 


- : .i 

1 r' 


i 


annual incomes of $ 200,000 or more. 

Yet their rate of giving has not nearly 
kept pace wife their increased capacity 
to do so. These families, according to a 
study, by Gerald Auten, a Treasury De- 
partment analyst, are not donating the 
same proportion of their wealth to char- 
ity as did equally wealthy people in 
1979. 

But fund-raisers across the country 
say there may be a reason for the seem- 
ing parsimony. For one, the wealth of 
most of these newly minted millionaires 
is on paper — in the form of stock 
holdings and options — rather than in 
the seemingly more tangible steel mills 
and oil wells of tum-of-the century phil- 
anthropists. And they say that money 
traditionally has to age before people 
feel secure enough to give it away. 

As that happens, fhnd-iaisers say, the 
country could undergo, a philanthropic 
boom unlike anything in decades. 

“The buzz in the development com- 
munity is that we are cm the verge of a 
tidal wave,” said Jan Masaoka, exec- 
utive director of the Support Center for 
Nonprofit Management in San Fran- 
cisco, the biggest nonprofit consulting 
firm in the country. “It is going to be a 
big status symbol for people to start their 
own private foundations, and as soon as 


But so far we are mostly waiting.' ' 

Professional fund-raisers are only be- 
ginning to work at soliciting die new 
rich. They are intensifying research ef- 
forts to find out who has money ta give, 


for the fifth or sixth time that he decided 
he needed to create a “nice safe en- 
vironment among peers” for the young 
wealthy to get involved in charity. 

Mr. Brainerd, the inventor of Page- 
Maker software that helped made 
desktop publishing possible, sold his 
company in 1994 for about $130 million 
and poured a third of it into the Brainerd 
Foundation, which seeks to protect the 
environment of the Pacific Northwest 
Mr. Brainerd, 50, also founded Social 
Venture Partners in June, ai ? - *he ^ 
group's members voted to invest l» JWv r : 
causes: public education and children. T 
The members have conducted focus 
with leading experts in the two 
and are now soliciting letters of 
inquiry through a Web site. They plan to 
start giving money away in April. 

“We're trying to nurture and bring 
along a new generation of philanthropists 
who might not have gotten engaged until 
later in tbdr lives,” Mr. Brainerd said. 
“We are tiymg to find a way to structure 
tins that appeals to a new generation.” 

Oddly enough, many of the new 
young millionaires who made their 
money by revolutionizing communica- 
tions and other technological fields have 
been surprisingly conventional in some 
of their eariy gifts. 

While it is impossible to separate the 
statistics of the junior wealthy from the 
senior, in this past year alone the big 
givers tended to expand their traditional 
generosity to higher education, rather 
than supporting small grass-roots or- 
ganizations, according to Ann Kaplan, 
research director for the American As-/, 
sociation of Fund-Raising Counsel. ' 



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WEATHER 


Malaysian Hotels Wage Price War 

KUALA LUMPUR (AFP) — A fierce price war has broken 
out among Malaysian hotels to woo foreign travelers as the 
recent haze resulting from forest fires in Indonesia has led to a 
considerable fall in tourism. 

The northern resorts of Penang and Langkawi experienced 
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said. Some hotels in Malaysia are offering almost 50 percent off 
their normal rates, throwing in breakfast or additional nights. 

Close Call at New Delhi Airport 

NEW DELHI (AFP ) — A jeep almost collided with a Boeing 
737 that was taking off from an airport in the Indian capital. The 
Times of India reported Sunday. It said airport officials in the 
jeep were inspecting a runway ahead of the landing of a plane 
carrying the Indian president, K. R. Narayanan, when it strayed 
into the jet's path. The two swerved to avoid a collision. 

A storm system pushing across the Great Lakes spread 
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sections of Pennsylvania and New York, and temperatures 
dropped to record lows on the western Plains. (AP) 

An outbreak of cholera that began in September in the 
capital of Mozambique, Maputo, has spread through the south 
of the country, taking the death toll from the disease to 56, the 
weekly Domingo reported. ( Reuters ) 

This Week's Holidays . 

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

MONDAY: Azerbaijan. Colombia. Zaire. 

TUESDAY: Main, Latvia, Morocco, Oman. 

WEDNESDAY: Belize, Gennairy. Monaco. Puerto Rico. 

THURSDAY: Mexico. 

SATURDAY : Lebanon. 

Sources: J J*. Morgan, Realm, Bloomberg. 


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INTERNATIONAL HERALD TRIBUNE* MONDAY, NOVEMBER 17, 1997 


PAGES 



THE AMERICAS 


airi That Clinton Isn’t Listening 


By John M. Broder 
and Lizette Alvarez 

Nn< York Times Sen-irr 


• WASHINGTON — He eom- 
.* plaints about the White House from 
■Democrats on Capitol Hill last week 
: sounded like voices from a pop psy- 
. chology book about a communica- 
tions breakdown in a failing mar- 
; riage. 

* "The White House didn't have a 
clue as to what was motivating 
members," said Representative 
.. Nancy PeJosi, Democrat of- Cali- 
fornia. ‘ ‘They were pushing the 
wrong buttons." 

Representative Sander Levin 
Democrat of Michigan, said; "They 

1 did not seem to understand that these 
are issues that people care about and 
that our constituents care about" 

.4 Ms. Pelosi, Mr. Levin and more 
: V. than 160 of their feUow Democrats 
in the House dealt President Bill 
* Clinton an embarrassing blow on 
■ . ‘ trade legislation last week, forcing 


him to withdraw s bflT granting him. 
enhanced trade-negotiation power.- ■ 

Now the president is looiong fora 
way to repair the breath. He saidhe 
would rewrite the trade legislation 
to address Democratic concerns be- 
fore resubmitting it to Congress 
early next year. And he assigned a 
senior White House official with 
deep zbots in party politics to try to- 
re-astabtish a relationship that Tmt 
been seriously damaged. 

On one level, die rift was the result 
of a long-standing poliCT dispute 
between the president ana his parly 
over the benefits of free trade. 

But on a deeper level, the defeat 
illustrated a profound, and surpris- 
ing, failure of a suddenly tone-deaf 
president to hear what members of 
Congress are saying. 

Mr. Clinton and his advisers told 
balky Democrats that defeat of •the - 
trade bill would hreppably barm 
the presidents international stature. 
But, to tiie dismay Of the admin- 
istration, members of 


replied. (hat they were driven' by 
lesser matters — the parochial con- 
cerns of (heir constituents. 

Among the 80 percent of the 
House’s 205 Democrats who bolted 
from the president on the trade issue, 
many cued constituent concerns 
about job losses from free trade and 
fear that expanded trade means ex- 
ploitation of workers and the en- 
vironment in developing countries. 

In interviews with administration - 
officials and members of Congress 
who engaged in the debate over the 
bill, one dear theme emerged: The 
two sides were not talking to each 
other, but past each other. 

Years of slights, fears of broken 
promises and utterly incompatible 
political goals combined to produce 
a devastating defeat for tne pres^ 
ident and aloud cry from tile heart of 
the Democratic party he abandoned 
when he moved to the center to co- 
the Republicans who controlled 


Congress Erskine Bowles, White House 


chief of staff, admitted Friday that, 
the -White House had not consulted' 
enough with Democratic members 
of Congress or listened to public 
concerns about the rapid expansion 
of trade around the globe. 

He said the administration would 
do its homework before making an- 
other effort to pass the so caUedfast- 
track bill. 

The groundwork toward recon- 
ciliation has begun. John Podesta, 
the White House deputy chief of 
staff and a veteran of neatly 30 y etas 
of Democratic politics, has been as- 
signed to mend relations with House 
Democrats. 

* ‘We’re all reaching out,” he said 
of the senior Whits House staff. 
"We’re having some meetings with 
the congressional leadership next 
week to discuss the issues we’ll be 
working together on. But right now 
we're writing for the scabs to grow 
over a little bit" 

A majority of House Democrats 
are still stinging from the bitter 


battle over tracks. They complain 
That Mr. flint nn and his adviSCTS 

paid little heed to their concerns 
over the substance of the measure or 
the importance of listening to their 
constituents' worries. 

“They missed the point, ” said 
Ms. Pelosi, who opposed the leg- 
islation because or environmental 
and labor concerns. 

Evidence of that could be heard in 
the simrisiogly impolitic comments 
of a high-ranking member of the 
administration, a politician with 
years of experience m bare-knuckle 
municipal politics. 

"These guys didn’t see any 
downside from wounding a pres- 
ident," this official said. "They 
don’t care about anybody but them- 
selves. 

“Yeah, some were affected by 
the argument about the president’s 
prestige, but most of them said, ‘All 
politics is local so Tm going to cover 
my behind.’ They just weren’t 
listening." 



New York fotesfor Languages 

State Board to Require 3 Years of High School Study 


SALVADORANS REMEMBER — Roman Catholics marching in San Sal- 
vador to mark die killing of six Jesuit priests by government troops in 1989. 


AMERICAN 


TOPICS 


Small Town’s Big Election Day, 
But It Slipped Everyone’s Mind 

Small-town officials sometimes forget to 
pay a bill or return a call. But in Baconian, 
Georgia, population 880, they forgot to 
hold an election. Embarrassed officials are 
now trying to explain. < 

The case came to tight only afteraformer 
mayor, JJB. Tyre, who no longer lives in the 
area, caUed a mend to ask who had won the 
Nov. 4 balloting. “I guess sometimes in 
these little itty-bitty towns, things §ot 
dropped between tire cracks," said the city 
attorney. Tommy Coleman. He said the 
three City Council members up for election 
probably had forgotten that their terms 
were ending and railed Id tell a new cky 
desk to schedule a vote. . 

It has been four years, since the town’* 
385 registered voters last cast ballots in 
local elections. In Georgia, a slam of can- 
didates can be confirmed without an elec- 
tion if they are unopposed. That has often 
happened in Baconton. 

Alton Griffin, for example, decided last 
year to run for mayor when he learned there 
were no other can d idates. “I paid my $7 
qualifying foe and was sworn in as mayor,’ ’ 
he said. He later resigned because of ill 
health. . 

Baconton has now scheduled a special 
election for March 17. 

Short Takes 

Yale University has decided to ban sex 
between students and teachers, toughening 
a policy that previously only discouraged 
such relations. The new policy follows the 
recommendation of a 10-member commit- 
tee appointed after a student complained 


that she had been sexually harassed by an 
assistant professor. The committee con- 
cluded that a sexual relationship between a 
student and a teacher “jeopardizes the in- 
tegrity of the educational process by cre- 
ating a conflict of interest and may lead to 
an inhospitable learning environment for 
other students." The sew policy, which 

the ban, wQIta^e eff^next semester?*” 1 * 

Discreetly tucked away behind tinted 
windows, a smokers’ lounge in a Georgia 
mall is often filled with shoppers who want 
a quick smoke without having to go into the 
CtnUyaiP otftsftie. The rest of the mall, like 
more than 80 percent^ of shopping malls 
nationwide; is smoke-free. But tnislounge, 
in a mall in Alpharetta, Georgia, has the 
distinction of being sponsored by the to- 
bacco giant RJ. Reynolds. That has angered 
some people. "It’s ridiculous,” one 


JMBlchcIl,- said. "They 
eio go outside and- smoke." Smokers, 
however, appear to Hke the lounge, which 
offers coffeefbr 25 cents and a special 
ventilation system to keep air reasonably 
fresh. Reynolds has openeda second lounge, 
in a mall in Chattanooga, Tennessee. 

Buck Kamp hausen has bought the ul- 
timate piece of Hollywood memorabilia — 
a cemetery with the remains of such silver- 
screen legends as Rudolph Valentino, Cecil 
B. DeMule and Douglas Fairbanks Sr. Mr. 
Kamphansen, who owns a string of 
cemeteries and mortuaries, paid $275,000 
in a bankruptcy auction for tbe Hollywood 
Memorial Para Cemetery, behind Para- 
mount Studios. "It’s exciting to be in- 
volved in a piece of history,’ he said. Had 
no buyer emerged, the 100-year-old 
cemetery would have been closed Mr. 
Kamphansen plans to spend about $1 mil- 
lion on repairs, then will look for ways to 
make money — probably retying on the 
tourist draw of the stars he now owns. 


Brian Knowlton 


By Richard Perez-Pena 

New York Times Service 

ALBANY, New York — 
Stunning even some of its 
own members, the New York 
State Board of Regents has 
voted to require most high 
school students to pass three 
years of a foreign language to 
earn a diploma. * 

The language requirement 
was adopted on a ld-4 vote as 
part of apian to toughen high 
school graduation standards. 
But while most elements of 
the plan, such as more strin- 
gent mathematics and science 
requirements, were proposed 
and discussed at length some 
months ago, die language re- 
quirement — now one year, 
rather than three — had not 
come up before. 

Its inclusion in the new 
academic standards made for 
a rare unscripted moment for 
a board that normally delib- 
erates at length over propos- 
als and follows the lead of 
Education Commissiooer 
Richard Mills and the chan- 


Away From 
Politics 

•The government improp- 
erly terminated disability 
benefits for many poor chil- 
dren, misinformed parents of 
their legal rights and actively 
discouraged some parents 
from appealing the decisions. 
Social Security officials con- 
tend. (NYT) 

■ Matt Rodrigue^ tbe Chi- 
cago police superintendent, 
announced his resignation just 
boors after it was disclosed 
that he had a close 
with a convicted felon. (1 

•Jack Kevorkian’s argu- 
ment with the Catholic 
Church over assisted suicide 
has stepped up after his law 7 
year said that Dr. Kevorkian 
had helped an elderly woman 
die lartweekma church in the 
Detroit archdiocese. (NYT) 

• Police shot a college stu- 
dent to death after he threat- 
ened them with a gun in Sy- 
osset,New York, only to leam 
later that he was suicidal over 
a $6,000 gambling debt and 
that the gun was a fake. (AP) 


cellar of the Board of Re- 
gents, Carl Hayden. Both op- 
posed the language measure. 

Mr. Mills said he agreed 
with .the goal of requiring 
.more language study but was 
not sure schools could accom- 
modate it at the same time 
they were being made to meet 
higher standards overall 

“I want to make it a reach 
that is not beyond the grasp of 
students in this state,’’, be 
said. 

All the new academic re- 
quirements will begin to take 
effect in 2001, when this 
year’s fifth-graders reach 
high school. 

Rudy Crew, the chancellor 
of New York City schools, 
voiced even stronger con- 
cerns, saying die requirement 
would force the Board of 
Education to hire 1,000* ad- 
ditional foreign-language 
teachers when teachers were 
already in short supply. 

“The tripling of our for- 
eign-language requirement 
would transform what is now 
a concern into an intractable 


problem,’ ’ he said. Mr. Crew 
added that he also worried the 
new rules would "hinder the 
progress" of students at some 
of the city’s most troubled 
high schools. 

In approving the language 
requirement. New York joins 
only five other states that re- 
quire three years of foreign- 
language instruction: Louisi- 
ana, Indiana, Virginia, South 
Carolina and Texas. But in at 
least two of the states, the 
language requirements apply 
to advanced diplomas. 

The new overall standards 
will require that all students 
earn a Regents diploma to 
graduate ■ — something that 
just one-third of graduates do 
now — beginning with those 
who enter high school in 
2001. That will mean takiz 
Regents examinations, whit 
in the past have generally 
beat the concern only of 
those going on to higher edu- 
cation, and taking the more 
rigorous academic courses 
aimed at enabling them to 
pass those tests. 


POLITICAL NOTES 


Report Buttresses Drop in U.S. Crime 


‘By Fbx Butterfield ‘ 

New York Times Service 


NEW YORK —The rate at 
which Americans were vic- 
timized by crime fell last year 
to the lowest level since the 
government began keeping 
data on the issue in 1973, ac- 
cording to a new Justice De- 
partment report 

The report found that die 
nation's rate of violent crimp 
dropped 10 percent in 1996, 
while die rate of property 
crime declined 8 percent 

"I’m flabbergasted,” said 

Jeffrey Fagan, director of tte 
Center for Violence Research 
and Prevention at Columbia 
University. “That’s a very 
dramatic drop.” - 

The report was based onan 
annual survey of 94,Uw 
Americans conducted by the 
Census Bureau. The report 
measures the number of 
people who were victims ot 
crimes. Known as the Nation- 
al Crime Victimization sur- 
vey, it is separate from the 
better-known annual ttnad 
released by the Federal Bu- 
reau of Investigation, which 
records only those crimes re- 
ported to police agenaes. 

Mr. Fagan said that, be- 
cause the two sets of reports 
had both shown steady and 
sizable declines in crime over 
the oast few years. * we ““ 


now have more confidence 
that we are in the midst of a 
trend, not simply a short-term 
(x random fluctuation. ' ’ 
Several crime rates fell es- 
pecially sharply in 1996, ac- 
cording to me victims’ re- 
ports, in c luding rape, down 
42.9 percent over the previ- 
ous year; motor vehicle theft, 
down 20.1 percent, and per- 
sonal theft — such as pick- 
pocketing and purse snatch- 
ing— 21.1 percent 
Sat James Allen Fox, dean 
of the college of criminal 
justice at Northeastern Uni- 
versity, cautioned that the fig- 
ures on a decrease in rape 
should be treated cautiously 
because the actual number of 
rapes reported in die sans 
even though it included 94,( 
people, was very small. 

Mr. Fox also said that de- 
clines in some of the categor- 
ies of less serious crimes, 
which account for die largest 
number -of all crimes, were 
disproportionately responsi- 
ble for bringing down the 
overall rate. Simple assaults,, 
for example, which account 

for the largest category ofvi- 
olent crime bat which .often 
are not reported to*e pobc^ 

fell 11 percept, whriettofts of 
less than $50, whidi makeup . 
foe largest category, of prop- 
erty crane, fell 13.4 pe rcept. 

' good news thai cnme 


is down, but the numbers are 
not necessity as good as you 
think,” Mr. Fox said. 

The victimization survey 
madcpublic Saturday did sot 
include homicide. But the 
FBI reported this faB fort the 
homicide rate fell 9 percent 
last year, to the lowest level 
since 1969. 

The report also offered no 
analysis of the crime rate, 
which has been decreasing 
since 1992. 

■ Mr. Fagan acknowledged 
that "nobody really knows 
why people stop committing 


much more likely to be vic- 
tims of a violent crime than 
affluent ones. 

• That individuals who had 
never been married, or were 
separated or divorced, were 
more often the victims of vi- 
olent crime ttimi those who 
were married. 

• That black people were 
victimized three times as of- 
ten as white people when it 
came to robbery, and twice as 
often for aggravated assault 


Wanted for 2000: $22 Million 

*• WASHINGTON — Stan Hockaby say s be knows what 
it will take to be president. The answer just. shy of $22 
million, by Dec. 31, 1999. 

Mr. Huckaby is an ■ accountant who has virtually 
cornered the market on doing Federal Election Com- 
mission reports for Republican presidential candidates. 
He devised the figure — widely accepted by those who 
wanted the job in 1996 — that they would need to raise 
almost $20 million by the start of that election year. 

For 2000, he reckons that the total that can be legally 
raised by candida te s dozing the primary season is $45.7 
million. Of (hat $45.7 million, he estimates, candidates 
can get about $13.6 million in matching funds. That 
leaves about $32 million to be raised. Locking at the 
primary calendar; Mr. Huckaby calculates that most of 
that feral-raising, needs to be done by the start of the 
election year. To be precise: $2 1 ,539,322 of it (WP) 

Democrats and Big Labor? 

WASHINGTON — Are the Democrats once again tbe 
pany of Big Labor? 

The unions' formidable efforts to block the “fast- 
track” trade bill last week showed that organized labor 
has more influence than at any time since 1968, when it 
nearly elected a president. That caused a range of re- 
actions. On one side are angry centrists who thought they 
had finally made the party salable to ‘New Democrat’ 
voters. On the other are jubilant Republicans, who are 
betting that the label “controlled by foe labor bosses" 
will help in foe 1998 elections. (WP ) 


Quote/Unquote 


Richard Gephardt, Democrat of Missouri, foe minority 
leader, after tire 105th Congress came to an anticlimactic 
adjournment last week: “Republicans wasted valuable 
time kowtowing to the right-wing ideologues in Congress 
who want to force hundreds of thousands of immigrants 
out of the country, give handouts for wealthy families to 
send their kids to private schools and politicize how we 
count our citizens in a census. This session has been 
largely a waste of time." (WP ) 


crime, and criminologists are 
not veaty good at underteanding 
why dime is going down.” 

Among foe commonly 
cited explanations are: im- 
proved police tactics, longer 
prison sentences, tougher gun 
control laws and a daft in 
attitudes by young people in 
inner cities. 

Lawrence Shaman, chair- 
man of tiie criminology de- 
partment at foe University of 
Maryland, suggested that an- 
other reason may be that many 
younger people who aright 
once have became burglars 
and pickpockets moved into 
more, lucrative robbery and 
drug witiftbe advent 
of the Crack cocafee dpjdemic 
in ibe mid-1980s; . : /.*> ■ 

The report also sfaowed: 

•Hut poor people were 


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Top 4 Generals 
Stay as Burma 
Revamps Rule 

Ox&MtyOirSttgFiTinDttpai*! 

RANGOON — Burma’s militar y 
leaders made a surprise move .over the 
weekend by creating a new ailing body 
with fresh faces, but diplomats and 
Burmese opposition leaders said it was 
too early to tell if the announcement 
would lead to major policy changes. 

Burma’s four top generals announced 
Saturday that they had dissolved the 
1 Order! 




State Law and i 


' Restoration Coun- 


cil, or SLORC, set up eight years ago, 
and replaced it with the State Peace and 
Development Council. 

“We hope there is a change of heart 
and thinking also, but it is too early to 
make a judgment,” said U Tin Oo, 
deputy chairman of the National League 
for Democracy, the opposition party of 
which the Nobel laureate Daw Aung 
San Suu Kyi is also a top official 

The chairman of the former ruling 
council General Than Shwe; the deputy 
chairman. General Mating Aye: the first 
secretary, General Khin Nyunt, and the 
second secretary. General Tm Oo, were' 
retained. 

Otherwise, the new council is made 
up of younger military officers. 

The other members of the former 



Foley Arrives in Japan > 

As New U.S. Ambassador 


By Kevin Sullivan 

Washington Pott Service 


DBmJ/^e'wr Itancr-Prw 

General Than Shwe, left, and General Mating Aye were among the four leaders retained on the new council. 


council all of whom were said to be 
over 60, were appointed to a largely 
ceremonial advisory board. 

Several analysts in Burma said the 
government reorganization did not 
represent a move toward democracy or 
a softening of its stance against the 
National League for Democracy, or 
NLD. 

A Western diplomat said that most of 
the new leaders were fresh faces whose 
backgrounds were unknown. 

“It is very difficult to know what 


camps they belong to or how are they 
going to react when talking about im- 
proving dialogue with the NLD,” the 
diplomat said. 

Announcing the changes on Satur- 
day, state-run media said they were in- 
tended to foster “the emergence of dis- 
ciplined democracy in die country and 
to build up a peaceful developed na- 
tion.” 

Seme diplomats said the changes 
might be related to economic problems 
rather than Weston pressure on Ran- 


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goon to improve its human rights 
policies. Inflation in Burma has been 
reported to be at about 40 percent this 
year, although the government has put 
the figure at abont 25 percent 
Another diplomat suggested that 
rampant corruption had prompted die 
changes. 

“Growing economic problems have 
forced SLORC to look- at themselves 
hard and say if there are any corrupt 
let’s get them out,” the dip- 


lomat said 


(Reuters, 


TOKYO — Thomas Foley,- a farmer 
speaker of the House of Representatives, 
has arrived here as the new U.S. am- 
bassador to Japan after the longest va- 
cancy in that job since World War H 

As ambassador, Mr. Foley, 68, suc- 
ceeds Walter Mondale, a farmer U.S. 
vice president, who left Japan in 
December 1 . 

Mr. Foley arrives at a time of relative 
harmony in U.S.-Japanese relations. 
While many trade disputes in areas such 
as aviation continue to strain relations, 
the two nations recently completed a 
successful renegotiation of their bilateral 
Becority agreement That pact, pressed by 
PresidentBiU Clinton and Prime Minister 
Ryutaro Hashimoto, expands Japan’s ob- 
ligation to help the United Stares in case 

nf milita ry erynflin ts in Fast Aaia. 

Thing s are less harmonious within Jar 
pan’s econcAny, however. The economic 
crises that have planned many Asian 
nations in recent months have taken their 
toll on Japan, which saw its stock market 
sink Friday to its lowest paint in mare 
than two years. Japanese banks are 
burdened with bad debt, and corporate 
bankruptcies are at record levels. 


While Mr. Foley will not have to 
grapple with those issues, he will be 
pressing U.S. interests while Tokyo is . 
preoccupied with domestic problems. 

. Mr. Foley, who has visited Japan many 
times, has been criticized by some, es- ^ 
pecially those in the U.S. business com- 
munity here, as an apologist for Japah- 
Critics note that MrFdey was recently I 
given one of Japan’s highest awards, one 

giveamf^fbrdgners, and argue that he ; 

is the wrong person re be pushing Japan 
on prickly trade matters. 

But the American Chamber of Com- 
merce in Japan issued a statement re- 
cently welcoming Mr. Foley. It said the 
group was confident that Mr. Foley ^ 
woukl display “a strong commitment to 
support the efforts of American busi- 
ness" in the Japanese marker. 

Arrivin g at Marita International Air- 
post, MrTFoley addressed Japanese re- 
porters Saturday. 

“Whatever field we consider — 
trade, security, research and technology, 
tire- sciences, the environment, educa- 
tion cbt economic development — there 
is indeed no cooperative bilateral part- 
nership more important than that be- 
tween the United States and Japan,” he 
said. “Our partnership is the key to a 
peaceful and prosperous 21st century.” 


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Ihai King Swears In Cabinet 

BANGKOK — Thailand’s new 48-member cabinet, led 
by Prime Minister Chuan Leekpai, was swam in by King 1 
Bhumibol Adulyadej and held its first meeting over the 
weekend. 

King Bhumibol called on the cabinet to concentrate on 
improving the nation’s battered economy, which is reeling 
from its worst crisis in decades. The cabinet meeting was 
called Saturday by Mr. Chuan re prepare his inaugural 
policy statement outlining government plans for reha- 
bilitating the economy. . 

Mr. Chuan will deliver his speech in Parliament later this 
week. At a press briefing after the cabinet meeting, he said: 
“Even though our economic growth will be limited,.we will 
at least focus on restoring confidence that has affected the 
value of the baht.” (Reuters) 

India Braces for Gandhi Report 

NEW DELHI — India's ruling coalition faces a difficult 
week as groups across the political spectrum brace them- 
selves for the fallout from an inquiry into the assassination 
of former prime minister Rajiv Gandhi six years ago. 

An interim report by a judge who investigated tire 
Gandhi lolling is to be presented to Parliament when it 
opens Wednesday, and political analysts say the findings 
might escalate into a dangerous game of brinkmanship that 


could result hi a i . . 

have suggested that the report will blame some members of 
Prune Minister Inder Kumar Gnjral’s 15-party coalition for 
tire security lapses that enabled a woman re kul Mr, Gandhi 
with a suicide bomb in 1991, when he was an opposition 
leader. (Reuters) 

Party Leader Backs Coalition 

CHRISTCHURCH, New Zealand — Deputy Prime 
Minister Winston Peters ended two weeks of political 
uncertainty Sunday by re affirming his party's role within 
the center-right coalition government. 

The move was welcomed by thc departing prime min- 
ister, Jim Bolger, and other ministers, including his suc- 
cessor, Transport Minister Jenny Shipley. 

A spokesman for Mr. Bolger said he was “delighted” 
that Mr. Peters’s New Zealand First party would stay in 
power with his National Party. Mr. Peters said that after 10 
days of talks with tire National Party — to assess the impact 
of its Nov. 3 decision to drop Mr. Bolger for Mis. Shipley 
— he had wan assurances on his party’s behalf. (Reuters) 

For the Record 

President Jacques Chirac of Prance arrived in the 
Malaysian resort island of Langk&wi on Sunday for talks 
with Prime Minister Mahathir bin Mohamad. (Reuters) 



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INTERNATIONAL 


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V, , Hun S ar y Gives Overwhelming 4 Yes’ to NATO 






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Renters 

BUDAPEST — Hungarians gave 
an overwhelming “yes“ -vote in a 
referendum Sunday on joinine 
NATO, the National Election Center 
reported. 

With almost 75 percent of the vote 
tallied, the center’s Internet Webpage 
showed 2.403,914 votes in favor of 
joining the Western military alliance 
with 41 1,698 opposed. 

The - center reported earlier that 
more than 51 percent of the 8 million 
electorate had participated in the 
binding referendum, ensuring that the' 
result would be valid. 

“This is a very, very good turnout 
for a referendum.” said For eign Min- 
ister Laszlo Kovacs, one of the chief 
architects of Hungary ’s pro-European 
and pro-NATO strategy. “The 85 
percent vote in favor can of course, 
change over time a little bit; but I can 
hardly believe that it is so good. 

“The message of this result to the 
orld is that NATO accession is not 
* "the cause of the government but of the 

people,” be said. 

In July, NATO invited Hungary, 
Poland and the Czech Republic to join 
the alliance in 1999. 

Of the three countries, Hungary 
alone opted to hold a referendum on 
the issue. 

The size of the yes vote was beyond 
even die government’s expectations. 


Prime Minister Guyla Horn said last Parliament would 'have approved 
week that-afrO percent-majority would . NATO membership. 


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be a big success. 

The vote needed at least a 50 per- 
cent turnout of eligible voters to be 
valid. 

Tbe ballot earned one simple ques- 
tion: “Do you agree that Hungary 
assures its own defense as a member 
of the North Allantic/Treaty Qqja- 
nizalion?” 

■ Budapest Campaigned Hard 

Jane Perlez of The New York Times 
reported earlier from Budapest : . 

Two weeks ago, a Gallup Poll pre- 
dicted that only 45 percent of the 
electorate would vote Sunday, said 
Robert Man chin, president of the sur- 
vey organization m Hungary. .. 

A turnout of less than 50 percent 
would have been' an embarrassment 
for the administration of President Bill 
Clinton, which has made the inclusion 
of Hungary, die Czech Republic and 
Poland in NATO one of its main for- 
eign policy goals. ‘ 

The three countries were not re- 
quired to hold referendums on 
NATO’s invitation to them to join. 

Popular support for NATO is over- . 
whelming in Poland- but tepid in the 
Czech Republic. 

Even if fewer than 50 percent of the 
voters had turned out, the Hungarian 


A desire for neutrality also runs 
through Hungarian . society, where 
But Prime Minister Horn, a former, people argue that neighboring Austria 


Communist, had been warned' by 
Washington that his country could 
ray a high price if the turnout proved 
low. - 

The most critical effect would have 
been in fixe U.S. Senate, where hear- 
ings are being beld on NATO ex- 
pansion and where a two-thirds ma- 
jority vote is necessary to approve the 
new members. 

“If American senators who are op- 
posed to NATO expansion see such a 
' low turnout here they will say, ‘Hun- 
gary is not interested, why should we 
bother?”’ Imre Mecs, chairman of the 
Parfiamcnt defense committee, said in 
an interview. “I hope we prove the 
senators wrong." 

Expansion requires the approval of 
the parliaments of all the current 16 
NATO members. 

In the last month, after some stem 
visitors from NATO headquarters in 
Brussels and from Washington, Bud- 
apest finally began a serious pro-al- 
liance campaign, politicians said. 

Even as the last foreign minister of 
the Communist government swept 
away in 1989, Mr. Horn had been 
derisive ofthe Warsaw Pact, and since 
coming to power in 1994 as the head 
of the Socialist Party, he has been 
eager for Hungary to join NATO. 


has fared well from its neutral stand 
since the end of World War IL Many 
Hungarians have not forgotten that a 
rallying cry of die 1956 uprising 
against the Soviets was to leave the 
Warsaw Pact and' become a neutral 
country. 

Mr. Mecs was a freedom fighter in 
1956 and was put on death row by the 
Communists for six years afterward. 

“I almost died for this idea of neut- 
rality.” he said. “It was the only way 
to break away from the Soviet empire. 
But that was in a bipolar world.” 
Now, he said, Hungary should belong 
to the West. 

In B udapest, the effects of astepped- 
up campaign by the government ap- 
peared to have bad some effect 

Some people said they were im- 
pressed that all parties in Parliament 
had declared a formal consensus on 
joining NATO and were urging 
people to vote. 

Many said they were aware of pro- 
NATO advertisements — derided by 
some as “propaganda" — by the 
government in newspapers. 

Others said they had noticed a tele- 
vision comedy series in which the 
character of an army major was es- 
pecially created to talk about the ben- 
efits of the alliance. 



/•tom WuWflir V'^ilWIV 


A woman in Budapest letting her son cost her ballot 
Sunday after she voted on Hungary joining NATO. 


Agnelli Falls 
And Breaks 
A Thighbone 

Reuters 

TURIN — Giovanni 
Agnelli, one of Italy’s 
top industrialists, fell and 
fractured his thighbone 
Sunday in an accident ar 
home, a spokesman for 
his family's Fiat car 
company said. 

Mr. Agnelli. 76, fell in 
his villa" outside Turin, 
fracturing his left femur, 
the spokesman said. He 
was taken to a nearby 
hospital and will be op- 
erated on in the next few 
days. 

The spokesman said 
Mr. Agnelli, who is Fi- 
at’s honorary chairman, 
was well arid receiving 
visitors in hospital. 

Mr. Agnelli suffered 
leg injuries during World 
War 11, broke his right 
leg in three places in 
1952. fractured his left 
leg in a skiing accident in 
1981 and injured his 
right femur in another 
fall in his villa in 1987. 



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UN Congo Inquiry 

One Aide Quits, Another Wants Out 


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By Barbara Crossette 

New York Times Service 

; UNITED NATIONS, New 

; York — The UN team that 
' arrived in the Democratic Re- 
. public of the Congo last week 
■ to investigate allegations of 
' massacres by troops loyal to 
President Laurent Kabila has 
already run into difficulties. 

UN officials said one of the 
team's three members had 
■, resigned for personal reasons 
and that a second member 
was considering stepping 
down. 

Hie team arrived Tuesday 
in Kinshasa, capital of the 
former Zaire, but its members 
' have not yet been permitted to 
; make any trips into the field, 
pending a meeting with a gov- 
- eminent liaison team. 

_ There have been repeated 
allegations that thousands or 
.tens of thousands . of Hutu 
refugees and Congolese Hutu 
were killed by troops under 
Mr. Kabila’s command when 
he was leader of a rebellion 
that overthrew President 
Mobutu Sese Seko in May. 

Thg^JN team, sent by Sec- 
retary-'General Kofi Annan 
after » ^roup formed by the 
UNHproan Rights Commis- 
sion was denied entry to the 
country, includes Atsu-Koffi 
Araega, a retired Supreme 


rights lawyer, and Andrew 
Chigovera, deputy attorney 
general of Zimbabwe. 

Officials said Friday that 
Mr. Brody, whose father is 
seriously ill, had asked lo 
leave the team for personal 
reasons. He was already on 


his way back to New York. 

Mr. Chigovera has told of- 
ficials in Geneva, where the 
UN Human Rights Center has 
its headquarters, that , he 
would like to get back to-his 
duties in Zimbabwe. He has 
not resigned, however, and 
officials say they hope he will 

r emain in Kinshasa 

The group was first sent in 
July but was blocked from 
working by the Kabila gov- 
ernment and left the country 
after about five weeks of be^ 
ing confined to the capital. 

In October. Bill Richardson, 
the U.S. representative at the 
United Nations, visited Congo 
and obtained a promise from 
Mr. Kabila that the team could 
return and operate freely. 

But members of the team 
were concerned about agree- 
ments Mr. Richardson- had 
made with Mr. Kabila, in- 
cluding a promise that his. 
government would be al- 
lowed to see their final report 
before it was submitted to the 
UN secretary-general. 

The United Nations has at- 
tached gfeat urgency to the 
investignoh, because 1 as 
months $fass there arthropods 
that Congolese trocg» are 
coverin&pp or remotoOg ev- 
idence cSjnass .graves. V. . 

But RSbeit Ganetoo, a 
Chilean human-rights lawyer 
who was barred from leading 
the first tefim to Congo, said it 
would not be easy to obliterate 
evidence. -.Mr. Garreton said 
archeologists, anthropologists 
and forensic experts could 
determine very accurately 
from very small pieces of bone 
or other material what had 
happened at massacre sites. 




.» *• 
* . * 
















Diana’s Memorial? 

Her Butler Will Help to Decide 

The Assvcijted Press 

LONDON — The butler and trusted confidant of 
Diana, Princess of Wales, is to be appointed to the 
committee that decides what sort of permanent memorial 
the nation erects in her memory. Prime Minister Tony 

Blair’s office said. _. 

Paul Burrell, 39, a trucker s son from northeast Eng- 
land, worked for the princess for nine years, and' she 
reportedly referred to him as * ‘my rock. 

He was the only person outside Diana's familyallowed 
to attend her burial at the Spencers’ Althorp estate near 
Northampton in central England on Sept. 6. Diana died in 
a Paris car crash on Aug. 31 . . 

A spokesman for Downing Street confirmed mar Chan- 
cellor of the Exchequer Gordon Brown will ibis week 
name Mr. Burrell as one of the 10 members of the 
government committee to decide on her memorial. 

“He was very close to the princess, said the spokes- 
man, speaking anonymously. 

Mr Brown will serve as chairman of the committee, 
which will consider a range of suggestions for a 
permanent memorial to piana.mcludmgag^depat 
her Kensington Palace home and a children s hos- 
pital. 



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: PAGE 6 


INTERNATIONAL HERALD TRIBUNE, MONDAY, NOVEMBER 17, 1997 


EUROPE 


Blair Apologizes on Funding Affair 


By Warren Hoge 

| — |. New York Times Service 

LONDON — Using his persona] 
popularity to by to me an end to his 
government’s first crisis in public con- 
ziaence. Prime Minister Tony Blair 
went on television Sunday to apologize 
tor the way he had dealt with a con- 
troversial campaign funding matter. 

At issue was an exemption his gov- 
ernment granted Formula One auto ra- 
cing from a ban on tobacco sponsorship 
for sports. Subsequently, it was revealed 
that Bemie Ecclestone, president of the 
racing organization that benefited from 
the decision, was a large donor to the 
Labour Party and a participant at a cru- 
cial meeting with the prime minister at 
10 Dow ning Street. 

In a television interview from 
Chequers, the country residence of Brit- 
ish prime ministers, Mr. Blair said that 
the same exemption he had recommen- 
ded existed for Formula One in countries 
'doe Germany, Australia and C a n ada- He 
contended that banning cigarette ads for 
Formula One in Britain would send the- 
sport, which is highly lucrative to Bri- 
tain, to countries in Asia that place no 
restriction on such advertising. 

He said that an appearance of a con- 
flict of interest had arisen because the 
matter was not “handled well." 

“For that I take full responsibility,” 
he said, “and 1 apologize for that." 

Saying he was “hurt and upset" by 
allegations of questionable ethics, Mr. 
Blair, who ran for office on a clean-up 
government campaign, added, “i would 
□ever, ever do something wrong or im- 
proper or change a policy because 
someone supported or donated to the 
Labour Party/* 

He noted that his government had 
reported the $1.7 million donation and a 
second offer of the same amount from 
Mr. Ecclestone to the Parliament Com- 
mittee on Standards in Public Life and, 
on the panel’s advice, was returning the 
original amount 

“It was hardly the act of people who 
are concealing things," he said. 

Critics have said that he took these 


steps only after newspapers made em- 
barrassing revelations of the donations 
and of relationships some of his min- 
isters had with Formula One. 

Mr. Blair was trying to put to rest a 
scandal that the usually adept strategists 
of the Labour government bad allowed 
to emerge episodically starting early 
this month, through daily leaks to news- 
papers and increasingly combative and 
defensive responses by spokesmen. The 
appearance took hold that the Labour 
Party was soliciting money from people 
who then used their contributions to 
lobby Mr. Blair for their pet projects. 

Mr. Blair's being caught up in the 
issues of corruption and campaign fi- 
nancing has been an unexpected boon to 
the opposition Conservative Party, 
which in recent years has been on the 
defensive over the same two issues. 

Mr. Blair, as part of his clean gov- 
ernment campaign, had pledged to bring 
political fund-raising under restrictions 
for the first time in Britain. There is no 
limit on amounts of political donations 
nor laws on reporting the names of 


givers. It is illegal, however, for a can- 
didate or party to bny advertising time 
on radio or television, a restriction that 
has kept overall spending needs down. 

The dispute that Labour finds Itself in 
is partly a product of its own success in 
transforming itself into a centrist party 
shorn of leftist ideology that never held 
attraction for large business and finan- 
cial interests. The May l elections were 
the first in which Labour was able to 
attract numbers of large donors and 
raise money in amounts approaching 
Conservative Party numbers. 

Mr. Blair reiterated on Sunday bis 
plan to regulate campaign financing and 
make public the names of large donors, 
but the context has given his new call to 
action a defensive tone. 

Asked if he thought his high standing 
had been damaged by the controversy, 
Mr. Blair said, “There has been a desire 
from the word go to say, ‘This can’tbe as 
good as it looks.* *' He said he realized 
that there were people asking whether 
“this person is the someone they be- 
lieved in. And I'm saying, ‘It is.* " 








GOODIES FROM FIRST LADIES — Hillary Rodham Clinton, 
center, and Naina Yeltsin, left, handing out presents on Sunday 
to children at a rehabilitation center in Yekaterinburg, Russia. 


2 More Chubais Aides Fired, a New Setback to Reform 


By David Hoffman 

Washington Post Service 

YEKATERINBURG, Russia — 
President Boris Yeltsin has fired two 
more top aides to Deputy Prime Min- 
ister Anatoli Chubais over a question- 
able book contract, but has refused to 
accept Mr. Chubais’s resignation. 

Although Mr. Chubais, Russia's lead- 
ing economic reformer, remains in office, 
ihe dismissals are very likely to be a 
major setback to further liberalization of 
Russia’s economy because they leave 
him less able to reach his goals. Mr. 
Chubais survived because Russia’s econ- 
omy is fragile, its capital markets 
severely weakened by global economic 
turmoil, analysts said The Interfax news 
agency quoted a Kremlin official as say- 


ing that Mr. Chubais was not dismissed 
because of “an extremely critical social 
and economic situation in Russia." 

But the dismissal of two of his top 
aides on Saturday, coupled with two 
earlier firings, raises questions about 
how effective Mr. Chubais will be in the 
future. “It’s very bod,” said Alexander 
Os loo, a pollster who has worked closely 
with Mr. Chubais. "Even if Chubais 
stays, it will be a different Chubais. It 
will be a Chubais without a team, a 
weaker Chubais. This Chubais will be 
less capable of achieving his goals." 

Mr. Yeltsin dismissed the federal pri- 
vatization chief, Maxim Boiko, and the 
head of Russia's bankruptcy commis- 
sion, Pyotr Mostovoi, both close allies 
of Mr. Chubais. On Friday, he dumped 
Alexander Kazakov, a Chubais lieu- 


tenant who was deputy Kremlin chief of 
staff. In August, Alfred Kokh, then pri- 
vatization boss, also was forced out. 

The firings followed the disclosure 
that Mr. Chubais and several co-authors 
— including Mr. Boiko, Mr. Mostovoi 
and Mr. Kazakov — had received pay- 
ments of $90,000 each for a book on the 
history of Russia's massive privatiza- 
tion of state assets. Mr. Chubais ac- 
knowledged the payment was large and 
said most of the money was to be 
donated to a foundation overseen by 
Yegor Gaidar, a former prime minister 
and fellow free-mazket reformer. But 
the uproar grew more intense because 
the source of the payments appears to be 
one of the most influential and wealthy 
of the Russian tycoons who have been 
feuding with each other and with Mr. 


Chubais in recent months. 

Mr. Chubais has served almost con- 
tinuously in Mr. Yeltsin's governments 
since the new Russian stale was bean in 
1992 out of the Soviet collapse. 

Since March, he and Boris Nemtsov, 
both first deputy prime ministers, have 
taken the lead on Russian economic and 
domestic policy and have often been 
described as running the most reform- 
minded government since that of Mr. 
Gaidar in 1992. 

Mr. Chubais always has been sur- 
rounded by a coterie of extremely loyal 
aides, and Mr. Yeltsin's latest action all 
but strips him of his Hi gh command. 
Although he has long been unpopular in 
the eyes of the public, he remained 
strong inside government because of his 
s kills as a bureaucratic infighter. 


Italians Vote for Mayors, but All Eyes Will Be on Prodi and Berlusconi 


The Associated Press 

ROME — With nearly 10 million 
Italians eligible to vote, mayoral elec- 
tions Sunday in 421 cities, including in 
Rome and Naples, now held by leftists, 
gave Prime Minister Roman Prodi's 
center-left coalition its first widespread 
test since he was forced to resign briefly 
last month. 

The balloting also was being closely 


watched as a sounding of sentiment for 
the conservative opposition led by the 
media mogul Silvio Berlusconi, a 
former prime minister. His Freedom 
Alliance was trounced Nov. 9 in a Sen- 
ate by-election in Tuscany. Capturing 
that seat was Antonio Di Pietro. Once 
courted by conservatives, Mr. Di Pietro, 
a national hero who as a Milan pros- 
ecutor headed the “Clean Hands" cor- 


ruption inquiries in 1992 that brought 
down an entire political class, ran on 
Mr. Prodi's Olive Tree ticket 

The Interior Ministry was expected to 
announce the first official results of the 
voting sometime Monday. Runoffs will 
be held Nov. 30 in races where no 
candidate takes at least 50 percent. 

For Italians, voting for a mayor is still 
a new experience. Until 1993. citizens 


voted for parlies, whose chieftains then 
horse-traded to pick mayors. 

In Rome. Francesco RuteUi, who is 
backed by Mr. Prodi, has made trans- 
portation the hallmark of his admin- 
istration as the traffic ^choked city tries 
to get ready for millions of additional 
visitors for 2000 celebrations. Mr. Ru- 
telli has started construction of a tram 
system from the outskirts to the center 


and installed parking meters. Challen- 
ging him was a businessman, Pierluigi 
Borghmi, a political newcomer. 

The center-left was also backing in- 
cumbents in Naples. Venice and Genoa. 

Mr. Prodi resigned for a few days 
after hard-line Communists, who give 
his coalition a majority in the Chamber 
of Deputies, refused to back him on 
pension reform. 


BRIEFLY 


Germany's Greens 
Clean Up Look 

KASSEL, Germany — The Ger- 
man Green Party ended a congress 
here Sunday having put aside their 
radical positions against NATO 
and the German Army to ma ke 
themselves a responsible alternat- 
ive for elections next year. 

The party spokeswoman , Gunda 
Rostel, closed the three-day gath- 
ering by saying: ‘ ‘There was a very 
powerful signal from this party 
conference, a foreign policy. We 
said nothing about dissolving 
NATO, unlike what people had ex- 
pected." . 

The Greens toned down their 
radicalism to position themselves 
for an alliance with Social Demo- 
crats to defeat Chancellor Helmut 
Kohl in elections next year. (AFP) 

Bombing Trial Set 

BERLIN — The trial of the al- 
leged perpetrators of a bomb attack 
ona Berlin discotheque that promp- 
ted the United States to attack 
Libya is to begin here Tuesday, 
more than 1 1 years after the event 

Three Germans, a Libyan and a 
Palestinian will be in the dock, but 
for the prosecution the Libyan gov- 
ernment of Moammar Gadhafi is 
the real culprit. 

Prosecutors claim that Tripoli’s 
intelligence service ordered the 
Libyan Embassy in what was then 
East Berlin to prepare a strike at U.S. 
interests to West Berlin, following a 
naval confrontation between the two 
sides to March 1986. 

At 1:40 AM. on April 5, 1986, a 
bomb exploded in the La Belle dis- 
cotheque, which was frequented by 
American troops based to die city, 
lolling three people and wounding 
more than 200. (AFP) 

Basque Initiative 

MADRID — The Roman Cath- 
olic Church to Spain has put for- 
ward a new proposal aimed at 
breaking a deadlock in the 29-year 
conflict with the Basque separatist 
guerrilla group ETA. 

Leaders of the church to the 
northern Basque and Navarre re- 
gions published a new document 
urging the government to move 
more than 500 ETA prisoners 
scattered around die country to 
prisons in the northern Basque re- 
gion. (Reuters) 


* UI 




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INTERNATIONAL HERALD TRIBUNE, MONDAY, NOVEMBER 17, 1997 


PAGE 7 


INTERNATIONAL 



^ llinin Irpti^Tlw 1 Uviawd 

Scores of bishops from North and South America listening to the Pope on Sunday. 


Pope Asks Bishops in Americas to Renew Zeal 


The Associated Press 

VATICAN. CITY — Eager to 
bring defectors back to the flock and 
to win new faithful. Pope John Paul 
IT on Sunday evoked the legacy of 
Christopher Columbus as he made a 
special appeal to bishops from the 
Americas to work with new mis- 
sionary zeal. 

John Paul, his voice still strained 
from a cold that forced him to cancel 
a public appearance a few days ago, 
performed Mass at St. Peter's Ba- 
silica to open a monthlong, special 
meeting, known as a synod, of 
churchmen from North and South 
America. 

The nearly 300 representatives will 
be discussing concerns close to the 
Pope’s heart, among them how to 
reach out to Catholics who have left 
the church. 

Many of those faithful, especially 


ia North America, were turned off by 
the Pope’s refusal to ease the Vat- 
ican’s prohibition on artificial birth 
control, abortion and divorce. 

Others, particularly in South Amer- 
ica. Find the vibrancy of evangelical 
sects more artracrtve’than their Cath- 
olic heritage. 

Addressing the bishops arrayed be- 
fore him in their gold vestments and 
white, two-peaked hats. John Paul 
noted that it was the first such synod 
of the Americas in the more than 500 
years since Columbus's voyage to the 
“New World’’ opened the way for 
legions of missionaries on both con- 
tinents. 

"The church, in fact, enriching it- 
self with the experience of five cen- 
turies of evangelization, intends to 
prepare itself to face the great chal- 
lenges of the third millennium," the 
Pope said. 


"The objective is to diffuse ever 
more the evangelical message" arid 
to help "knock down the walls of 
separation between man and man. na- 
tion and nation." John Paul contin- 
ued. 

"Christians, while loving and hon- 
oring their own countries, are men 
and women 'without borders.’ be- 
cause the church community does not 
know any boundaries of race, lan- 
guage and culture," he said. 

As if to make his point, the polyglot 
Pope switched effortlessly from his 
usual Italian to Spanish, English. 
French and Portuguese during his ser- 
mons to use the major languages of 
the Americas. 

In a message delivered after the 
Mass, John Paul said -the church was 
moving toward the new millennium 
“with renewed missionary zeal." 

Five centuries after Columbus 


and at the threshold of the new mil- 
lennium, the Pope said it was very 
important "to mentally review the 
way taken by ‘Christianity 
throughout the whole extent of 
those lands." 

The policies of the early Catholic 
church in the Americas, including 
some missionaries' insistence that 
native Americans renounce their 
traditional ways, have been a stain 
on church history' in the eyes of 
many. 

John Paul's visit to Jamaica in 1993 
was intended as a follow-up to his 
apology a year earlier for Roman 
Catholicism's role in supporting 
slavery and New World coloniza- 
tion. 

The synod’s work begins Monday. 
John Paul is expected to listen to 
much of the debate and review the 
bishops' conclusions. 



A 

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CLIMATE l More Than 160 Nations Face Pressure to Reach a Deal on Measures to Slow the Effects of Carbon Dioxide and Other Gases 


Continued from Page 1 

Getting them to agree on expensive, 
concrete solutions ro a problem that is 
often difficult to see, hear, smell or touch 
will be a mammoth undertaking. 

Each country brings to Kyoto its own 
economic, environmental and political 
conditions — differences that so far have 
made deciding what is fair for all the 
countries impossible. 

Developing countries — China, B razil 
and India, for example — are demanding 
a pass at this summit meeting, saving 
richer nations that produce most of the 
world's greenhouse emissions must talrc- 
the first steps to clean up. The United 
States and Australia say it is not fair or 
smart to exclude developing countries. 

The European Union has proposed the 
most extensive cuts — to reduce emis- 
sions by 15 percent from their 1990 
levels by 2010. The United States and 


Japan have staked out positions in the 
middle, calling for a return to 1 990 levels 
or slightly below over the next 1 5 years. 

Nowhere is the economy- versus-en - 
viranment debate drawn in larger letters 
than in Australia. Although it is one of the 
world's most environmentally conscious 
nations, Australia's dependence on coal 
exports has placed it on the most con- 
servative end of the spec tram, arguing 
that it is such a special case that it should 
be allowed to increase its emissions. 

The Australian prime minister, John 
Howard, has rejected all calls for bind- 
ing targets for emissions reductions. He 
has argued that each nation’s needs must 
be considered individually. Mandatory 
emissions cuts would immediately cost 
billions of dollars in lost revenue and 
tens of thousands of jobs, Mr. Howard 
says. 

Eighty percent of Australian exports 
involve products that contribute to global 


warming, including coal, oil, gasoline and 
iron ore. If the world reduces its con- 
sumption of emissions-in tensive mate- 
rials. Australia's economy would suffer. 

Environmentalists are enraged by Mr. 
Howard’s position, saying that he is 
simply protecting rich, established in- 
dustries and ignoring the potential ben- 
efits of investing in solar power or other 
more energy-efficient technologies. 

“This country is bitterly divided,” 
said Phillip Adams, a prominent colum- 
nist and radio talk-show host in Sydney. 

There has been perhaps the least di- 
vision in Europe, which has adopted the 
most “green’* position of any partic- 
ipant in Kyoto. The EU has proposed 
including all its member nations togeth- 
er in a * ‘bubble” position for Kyoto, 
calling for a 15 percent reduction from 
1990 levels by 2010. 

Bat some European countries would be 
allowed to increase their emissions; Por- 


tugal would go up 40 percent and Spain 
17 percent The bulk of the cuts would 
come from Germany and Britain, which 
would cut 25 percent to 30 percent each. 

Germany stands out in the environ- 
mental debate. Protecting the environ- 
ment is popular, and it is supported by all 
mainstream parties and a strong majority 
of voters. It has also turned into a money- 
maker for German companies, which now- 
control about 20 percent of a global export 
market for environment-friendly technol- 
ogies worth about S3 billion a year. 

Germany may also have the easiest 
time looking like a leader at Kyoto. In 
1990. the selected benchmark year for 
emissions levels, Germany had just ab- 
sorbed the dirty Soviet-style factories of 
East Germany. Germany’s carbon di- 
oxide emissions dropped nearly 10 per- 
cent from 1990 to 1993. 

Britain also sets a similar example. It 
relied mainly on coal for heat in 1990 


and since has switched largely to cleaner 
natural gas. Its emissions fell 3 percent 
in the same period. 

Russian officials, meanwhile, say that 
because their industrial production has 
shrunk significantly since the fall of the 
Soviet Union, their carbon dioxide emis- 
sions are now 30 percent lower than they 
were in 1990. 

Japan comes to the negotiating table 
with the opposite problem. Worried 
about its enormous dependence on 
Middle Eastern oil, in the late 1970s and 
’80s it became a world leader in energy- 
efficiency technology. It shifted much of 
its energy production to nuclear plants, 
which produce no greenhouse gas. So 
Japanese leaders say cuts now are more 
painful. 

But environmentalists argue that the 
Japanese government has taken away in- 
dustry's incentive to create more inno- 
vations in energy-efficiency technology. 


As che host of the conference. Japan 
does not want the meeting to end in a 
stalemate, which it would see as dam- 
aging to its credibility as a world leader. 

As Tokyo sends representatives 
around the globe for lasr-minuie ne- 
gotiations before the conference opens, 
Brazil. Latin America's biggest devel- 
oping nation and caretaker of the 
Amazon rain forest, raises a different set 
of problems. 

Emissions from Brazil's factories and 
cars make it the world’s 1 9th- largest emit- 
ter of greenhouse gases. But factor in the 
smoke from rain-forest burning, scientists 
say. and Brazil jumps to fifth place. 

Because Brazil is designated as a de- 
veloping nation, it probably will not have 
to agree to any reduction in Kyoto. The 
majority of countries have agreed that the 
most practical and fair approach is to have 
the richest nations, who are to blame for 
most of the problem, take the first steps. 



COMPUTE: 5 Rivals Unite Against Microsoft 


Continued from Page 1 

technology — a computer lan- 
guage known as Java, which 
was developed by Sun for 
writing software that can be 
transmitted easily on networks 
and ran on any computing 
device; a low-cost computer 
known as an NC, or network 
computer, being developed by 
Oracle and other companies, 
and a programming technique 
known as Corba for building 
blocks of software. 

In some cases, engineers 
from different companies are 
meeting on a weekly basis to 
hash out technical issues. 

"There’s a very strong in- 
centive for us to push as hard 
and as fast as possible toward 
a world where operating sys- 
tems are commoditized, chips 
are commoditized and the Net 
becomes the platform.” said 
Marc Andreessen, chief tech- 
nology officer at Netscape. 
“We all see an opportunity to 
moke a tremendous amount of 
money os that world unfolds 
— as opposed to a world 


where everything is Microsoft 
and InteL That’s the big issue 
for all of these companies.” 

Microsoft’s chairman. Bill 
Gates, said that by working 
together, his competitors 
“end op creating a fairly 
powerful message that we 
have to be aware of.” 

The alternative technol- 
ogies are a few years old. 
What is unusual is that the 
five corporations are cooper- 
ating so intensely. 

‘ ‘We see IBM playing with 
folks we’ve competed with 
down to the mat.” said Pa- 
tricia Sueltz, trice president of 
Internet software at IBM. She 
said the companies had real- 
ized that their “lifeblood” 
was to make sure they de- 
veloped standards. 

The battle between Mi- 
crosoft and its five adversaries 
essentially focuses on who 
should set those standards, and 
how open they should be. 

In the current. Microsoft- 
dominated world of desktop 
computers, the underlying op- 
erating system translates com- 


mands into a language that the 
machine can understand. 
Companies that want to build 
applications have to make 
their programs fit tightly with 
the operating system. 

The alternative vision is of 
a world where the Internet, 
with its open standards, can 
function easily with any type 
of operating system or ham- 
ware. 

Bat there is no guarantee 
that such an unusual partner- 
ship will succeed. Past efforts 
to build an open platform have 
failed to capture die market 

The partnership must also 
contend with Microsoft’s 
plans for the future. 

Microsoft has pumped tre- 
mendous energy — $2 billion 
and hundreds of thousands of 
programmers’ hours — into 
making its Windows family 
of operating systems the veiy 
best platforms for building 
applications. They are selling 
an orderly, predictable world. 
Programs work People know 
whom to call when something 
breaks. 



We are pleased to announce the listing of the 

Morgan Stanley Africa Investment Fund Inc. 

on the Botswana Stock Exchange 

The Morgan Stanley Africa Investment Fund Inc. (the “Fund”), the world's largest 
elosed-end pan-African fund with over US$300 million in assets under management 
(September 30, 1997), will be listed on the Botswana Slock Exchange as of 
Wednesday. November 26. 1 997. The Fund is currently listed on the NYSE:AFF. 

The Fund provides investors exposure to developing markets throughout the 
continent and seeks long-term capital appreciation by investing primarily in equity 
securities of African issuers. The Fund may also invest in African Sovereign Debt. 

In June 1 997. the Fund was awarded a 5-star risk-adjusted rating in the Foreign Stock 
category by Momingstal , ‘ ,, . The Fund has outperformed the Flemings Africa 
(including South Africa) Index by 16.2% on an annualized basis overihe past 3 years. 

Morgan Stanley Africa lavesUnenl Fond ts. 

Flemings Africa (mchidfaigScratb Africa) Index 9 



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, . piea^nm, att Stephen Skillmun at Montan Stanley AueiUamKemeni Inc, 

«fcrr Er NT. mVK 7W: +/ <2,2, 7W-720U 

MORGAN STANLEY ASSET MANAGEMENT 

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To make reservations at any of our hotels in the UK. Europe and Middle East call toll free: 


Austria 0660 6703 
France 0800 90 S3 33 
Germany 0130 854422 
Greece 00800 4412 7686 


Hungary 00800 1 1998 

Italy 1678 76022 

Netherlands 06 022 0122 
Poland 00800 4411205 


Spain .900 994422 

Switzerland 0800 550 122 
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Egypt 02 510 0200* 


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PAGES 



@ 


THE INTERMARKET 


+44 171 420 0348 


l # 


*** 





ix 




RECRUITMENT 


•• «f rt 


:Vh ^ 


M 


MUSTAD INTERNATIONAL. GROUP 


The Hoofeare Division of the Mustad International Group is the 
largest single entity in this market. Our Horseshoe nails have been 
the leading brand world-wide since the beginning of this century. 
Over the fast five years we have started an expansion into other 
Hoofeare Products such as Horseshoes, Farrier Tools, Pads and 
other Health-Care Products for horses hooves. Our intention is at 
least to double our Hoofeare Business world-wide over the next 
few years. For this 


WE SEEK A YOUNG DYNAMIC PROFESSIONAL 
IN SALES AND MARKETING 
TO PROMOTE OUR PRODUCTLINE WORLD-WIDE 


The job ‘requires very extensive travelling from a central European 
location. Minimum Requirements are 6 years or more of 
sales/marketing experience and preferably an academic back- 
ground and fluency in several languages (English and Spanish are 
a must; German, French are highly desirable and Scandinavian 
would be an added advantage). 


The ideal candidate will be between 30 and 35 years old. He or she 
will preferably have a multicultural background, will be stimulated 
by problem-situations and will want a very independent function. 
Experience with and interest in horses is a definite plus although 
not a must 


The compensation will be commensurate with the qualifications of 
the candidate and with the challenging nature of the job. It will 
also be related to targets and performance. 


If you would feel challenged by promoting our leading products 
world-wide and would like to be part of our multinational manage- 
ment team please write to: 


Mustad Hoofeare SA 

Att Mr. Diego Zbar, 2, rue de ('Industrie, CH-1630 Bulle/Switzerland 
. (Deadline for applications Dec. 31* 1997) 


H 


MUSTAD 


The hoofica/ie people 





INTERNAL COMMUNICATIONS ADVISOR 


GEC ALSTHOM 


Attractive Package . 


TRANSPORT 


PARIS - Salnt-Ouen 


Excellent opportunity for a hig h cali bre Communications 
professional to play a critical role in motivating 22,000 people worldwide 


THE COMPANY 

▼ International French-based division GEC ALSTHOM 
TRANSPORT (22,000 people worldwide 7 30 sites) of a 
global industrial group, GEC ALSTHOM (ECU 9 A bn 
turnover, 94,000 people worldwide) 

▼ Ambitions worldwide market share target, including 
acquisitions 

▼ Market leader in major product lines supported by 
leading edge R&D 


THE ROLE 

▼ Develop global internal communication strategy and 
plans 

▼ Develop and strenghten image 

▼ Promote the customer focused culture 

▼ Report to HR Director and work closely with the Director 
of External Communication ond international managers 


QUALIFICATIONS 

Y Business graduate with 5 years experience of 
developing internal communications in a 
manufacturing or FMCE environment 

▼ Operated within a multicultural business environment 

▼ Applied a wide range of media and technologies 

▼ Good command of French. Knowledge of other 
european languages is a bonus 

Y Commercially aware self starter with patience and 
resilience 

Y Overseas travel 


Please send your CV with a covering letter in French and/or in English stating current salary - Ref. GEC TR/INT.COM/22_2FfT 
to Richard Benatouil - GROUPE BBC - 1 bis ploce de Valois - 75001 Pbris - France - Fax : 33 1 42 60 38 95. 

All applications will be treated in the strictest confidence. 


SECRETARIAL 


Organisme international de premier plan, 
nous renforgons notne Iquipe. 


Assistante 

de direction bilingue 


1507170 KF - Paris 


Vbus secondez le dirigeant de I'dtabllssemfcnr, 
en assurant son secretariat, lagestion de son plan- 
ning et la reception des appels tdldphoniques. 
Dipldm€(e) de 1'enseignemenr sup£rieur et de 
lanene matemelle angiaise. vous maitrisez 
parfkrtement le frim?ais a I'dcrit et & I'oral. Vbus 
disposez d'une experience r&issie d'au raoins 
nefonctiom 


3ann£esdansunei 


idquivalente, - 

Dynamique, rdactif (ve) et entreprenant(e), vous 
saves fonctionner efficacement dans une petite 
gquipe internationaie et cr&s soudde. Vous 
connaissez Ies outils de bureautique sur 
Macintosh (Wbrd et Works}. 


Merd d'adresser votre dossier de candidature 
complet sous la reference AQOl h notre conseil 
Emmanuel Dupont. Agora SSection, 18rueVolney, 
75002 Paris. 



L R G E \ T 


international crrg&uzitwn based, m Peru Sth 


EXECUTIVE SECRETARY 


Preferably mother tongue wiihexcellenr spoken & written french. 

Reply: Bar 458, LH.T., 92521 NoaBr Cedex, France 


GENERAL 


THE INTERMARKET 
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And ready to act ? Like many 

other executives who have readied the higher echelons, 
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JACQUES 

OTAHIN F 

FINANCE 


for tfie expansion of its business 
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successful candidates will have at 
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Send ymnsum aid Bpptintm litter to - 
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EDUCATIONAL POSITIONS 


iESSIC 


ELF/ESP TEACHER/MATERIALS 
WRITING FOR INTERACTIVE MEDIA 


A continuing education Language Centre is looking for a 
confirmed English Language materials writer and teacher for a 
new project His/her tasks will be to: 

• Consolidate and transfer existing materials onto interactive 
media lintra net, CD ROM-.). 

• Devise new materials suitable to these media. 

• Put forward new course formats which use new technological 
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• Test and evaluate the new materials and courses. 

• Coordinate teaching programmes, in particular those which 
Indude the new products. 

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• Train teachers and course participants to use the new 
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The position is based in the Paris area. 

Applicants should be ntodvo speakers and hold a relevant 
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Formation continue field In France and be established in this 
country. 

Practical computer skills (Word, PowerPoint) and experience of 
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good command of spoken and written French is also required. 
In foe first instance foe contract will be fora one year period: 

To apply please send a letter and a CV to: 

ESSEC IMD Langues - Keith SURRIDGE 
BP 105 

9502 1 CERCY-PO NTOIS E CEDEX 


EFL TEACHER 
19 years experience, seeks other 
EXPERIENCED EFL PROFESSIONALS 

with view to forming an URL or Assoc. 1901 
to work in companies Paris west area. 

CV to: Box 463, 1.H.T., 92521 NeuBly Cedex, France. 


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win 

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63Lono_Acra 
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Careerpst 


PARIS/ROME/ 

MUNICH/MADRID 


The publishers 

new book to be 
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‘Europe's Exclusive 1.000 Mama.*, 
wish to appoint a number of Con- 
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Applicants must demonstrate 
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lo fashion & the hospitality 
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Wfe are looking fix absolute top 
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Fax CV to Kevin Kelly. Chairman, 
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fine 0171-225 2042, 

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INTERNATIONAL HERALD TRIBUNE, MONDAY, NOVEMBER 17, 1997 


PACE 9 


INTERNATIONAL 




• * ^ X 


Georges Marchais, 77, Ex-Leader 
Of French Communist Party, Dies 


Nick Nicholas Dies, 
Veteran on Tenor Sax 


(tar nroOupwrte 

PARIS — Georges Marchais 77 
who led the French Communist 

Party for more than two decades and 

marked the French political scene 
with a blunt style as he tangled with 
right and left, died Sunday. 

Mr. Marchais, who suffered from 

heart problems and wore a pace- 
maker. died at Lariboisiere Hospit- 
al. where he had been for a week. 

Mr. Marchais retired as first sec- 
retary of the Communist Party in 
January 1 994 at a party congress, and 
was replaced by the more moderate, 
and modem. Robert Hue. Mr. Mar- 
chais had held the post since 1972. 

Mr. Marchais’ party faithfully 
followed the ideological line set by 
Moscow until the fall of commun- 
ism. The party is now in the midst of 

k-a transformation, and there are three 
7 Communist ministers in the current 
leftist coalition govemmenL 


was elected president. However, the and even then long after events had 
tense union with the Socialists proved him undeniably wrong. “I 
shattered two years later. am a Communist and will remain a 

Mr. Marc hais was a presidential Communist until I die,” he said, 
candidate in 19S1, and received 15 Mr. Marchais, who fostered close 
percent of the vote. But it was under ties with strongmen like Nicolae 


his direction that the party began its. 
electoral decline in the 1980s. 


Ceaucescu of Romania and the So- 
viet leader Leonid Brezhnev clung 


During his two decades at the to “democratic centralism,” a cu- 


be Im, the party saw its share of the 
vote fell from 25 percent to just 7 
percent as the Soviet communism 
that was its inspiration was discred- 
ited and then swept away. 

A hard-liner who approved the 
Soviet intervention in Afghanistan 
in 1 979. Mr. Marchais bung on as the 
party’s leader into the 1990s before 


phemism for muzzling dissenting 
voices in fee party, until as late as 
August 1992. 

He eventually said he was 
abandoning the concept on a trip to 
the United States, which had long 
denied him a visa because of his 
political beliefs. 

Of his earlier political judgments 


finally retiring. Mr, Hue has since — his endorsement of the Soviet 
tried to modernize the party and re- invasion of Czechoslovakia in 1968 
turn it to the French mainstream. or approval of Poland’s crackdown 
Mr. Hue passed a crucial mile- on Solidarity in 1981 — all Mr. 
stone during parliamentary elections Marchais would say was that there 
in June when the Communists helped had been “errors of analysis.” 
drive a center-right government mom “We believed in certainties that 
power and were rewarded with three proved to be illusory,” be said after 
seats in the cabinet led by Prime the revolutionary autumn of 1989 
Minister Lionel Jospin, a Socialist. that swept away communist regimes 
While Italy's Communists aban- across Eastern Europe, 
dotted extremism and changed the Mr. Marchais’ hard line meant the 
party’s name after the Berlin Wall party remained on uneasy terms with 
fell in 1989, Mr. Marchais talked of the “New Left" that emerged from 
reform only with the utmost caution the social -unrest of May 1 968, after 


Mr. Marchais became a member drive a center-right government from 


of the party’s political bureau in 
1959, and in 1970 became deputy 
secretary-general. He became sec- 
retary-general two' years later. 

It was under his leadership that 
the Communist Party had four min- 
isters in government in 1981, when 
Francois Mitterrand, a Socialist, 


Vfmrr fnact-IVw 

Mr. Marchais with Leonid Brezhnev in Moscow in 1980. 


power and were rewarded with three 
seats in the cabinet led by Prime 
Minister Lionel Jospin, a Socialist. 

While Italy's Communists aban- 
doned extremism and changed the 
party’s name after the Berlin Wall 


which the party alienated many in- 
tellectuals, tipping the balance on the 
left in favor of the Socialist Party. 

Mr. Marchais failed to gain polit- 
ical influence even after Mr. Mit- 
terrand invited Communists to join 
his cabinet. Instead, he ordered his 
minis ters out of the government 
after Mr. Mitterrand implemented 
an austerity program. 

It was a testament to his political 
skill that he survived a massive fall in 
party membership and growing pres- 


sure from reformers, and that voters 
did not desert the party altogether. 

Mr. Marchais was bom into a 
poor mining family in Normandy on 
June 7, 1 920, and left school at 1 4 to 
be a mechanic. 

During World War EL, he worked 
in an aircraft factory in Germany — 
an event that was to haunt his polit- 
ical career. Mr. Marchais said he 
was sent there as a forced laborer, 
but he never dispelled doubts he 
went wil lingly. (AP, Reuters ) 


New York Times Sen-ice 

NEW YORK — Big Nick 
Nicholas, 75, a tenor saxo- 
phonist and singer who 
played with some of the 
greatest musicians of postwar 
jazz, died of heart failure here 
Ocl 29. 

Bom George Walker Nich- 
olas. in Lansing. Michigan, 
he was a large man with big 
features; he said feat fee nick- 
name Big Nick stuck to him 
from age 10. He had a robust, 
deep sound on fee tenor sax- 
ophone, influenced by his he- 
ro, Coleman Hawkins. 

In fee late 1 940s he worked 
with some of the formative 
bands of the decade, includ- 
ing those led by Earl Hines, 
Lucky Millindex and Dizzy 
Gillespie, but it wasn’t until 
the 1980s that he made fre- 
quent appearances as a band 
leader in New York City, re- 
leasing the first album under 
his own name in 1983 on the 
India Navigation label. 

Catharine Carver, 76, 
who won crans-Atlantic es- 
teem as the editor of a galaxy 
of authors, including Hannah 


Arendt, John Berryman. Saul 
Bellow and Flannery O'Con- 
nor, died Tuesday in London 
after a series of strokes. 
About 20 years ago she was 
cited by New York PEN. the 
writers' organization, for her 
“creative contributions to au- 
thors and their works.” 

General Leon William 
Johnson, 93, who won fee 
Medal of Honor for leading a 
daring low-level raid in fee 
all-out air assault on fee vast 
oil fields at Ploesti. Romania, 
in 1943, died Nov. 10 in Fair- 
fax, Virginia. 

Stefan Lorant. 96. a Hun- 
garian-born writer and pho- 
tographer regarded as a pi- 
oneer of photojournalism in 
Europe, died Friday in 
Rochester. Minnesota. He 
was established as a camera- 
man by age 1 9 with ‘ ‘The Life 
of Mozart." He created 14 
films in Vienna and Berlin. 
He became renowned later for 
his pictorial biographies of 
U.S. presidents, including 
Lincoln and both 
Roosevelts. 


post 


:7i h .X 


BRIEFLY 


Comoros Is Rebuffed on Talks 

MORONI, Comoro Islands — In an unexpected move, 
the Comoros government called Sunday for preliminary 
talks in the Indian Ocean islands before a full-scale 
conference in Ethiopia on fee crisis created by the se- 
cession of two of fee islands in fee group. 

The proposal, announced by President Mohammed 
Taki’s cabinet director, Mohammed Abdou Soimadou, 
was immediately rejected by fee self-declared independ- 
ent government on Nzwani Island, formerly Anjou an. 

Opposition groups in fee Comoros have said they 
would boycott the Addis Ababa conference, which is 

I sponsored by the Organization of African Unity, because 

they were dissatisfied wife their share of fee proposed 
delegation. 

The OAU's special envoy, Pierre Yere of the Ivory 
Coast, left on Saturday to return to Addis Ababa after 
spending six days in consultation wife Comoros leaders. 
He made no comment on the talks . (Reuters) 

Arctic Ozone Layer Thinning 

WASHINGTON — Record-low levels of ozone above 
fee Arctic last spring suggest that a new hole in the crucial 
atmospheric layer is forming, according to studies in fee 
Geophysical Research Letter made public over the week- 
end. 

Eight studies published in the journal confirm that 
ozone levels measured at fee North Pole last March were 
20 percent lower than readings for the same month in 
previous years. 

The ozone layer has thinned over the last 20 years 
because of chlorofluorocarbons (CFCs), a chemical 
product used in aerosol sprays, although environ m en t al 
agreements like fee 1987 Montreal Protocol aim to re- 
store ozone levels. (AFP) 

Mexican Drug Figure Arrested 

MEXICO CITY — The government said Sunday it had 
arrested A dan Amezcua Contreras of the Amezcua broth- 
ers drug-trafficking ring. 

Mr. Amezcua was arrested in fee northern state of 
Colima in a military operation, fee Federal Attorney 
fcj General's Office said in a statement 
‘ * * Upon being interrogated, he admitted to belonging to 

the Amezcua brothers criminal organization,” the state- 
ment said. 

Mr. Amezcua had a .38-caliber pistol at the time of his 
arrest, the statement said. It did not provide more details 
0 about fee arrest. 

Jesus. Luis and A dan Amezcua operate a drug-traf- 
ficking ring out of the western city Guadalajara, ac- 
cording to media reports. (Reuters) 

Boutros Ghali to Lead Bloc 

HANOI — Officials of France and about 50 other 
states represented at the seventh summit meeting of 
countries in fee francophone movement ended their meet- 
fc iny here Sunday wife a decision by all of them to form a 
T loose political' bloc with Boutros Boutros Ghali, the 
former United Nations secretary-general, as its first per- 
manent spokesman. 

The largest African member of fee group, the Demo- 
cratic Republic of fee Congo, formerly Zaire, did not 
attend, and President Jacques Chirac of France said 
Sunday that leaders here had learned only from news 
reports overnight fear Congo’s leader, Laurent Kabila, 
had decided to pull out of fee francophone hloc. 

In a formal “Plan of Action” before their next summit 
meeting two years from now in Moncton, the capital of 
ihc Canadian' province of New Brunswick, the leaders 
also aareed to make respect for democracy and human 
, rights one of their main values, along wife promofcon of 

economic cooperation, development, jnd of the French 
cultural heritage acquired by many of them when they 

^^nS^ffSaSsSd Mr. Boutros Ghali, who will start 
a first two- year term ofofficxon Jan. 1, would havea staff 
of about a dozen people m Pans. ( Nrt ) 


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INTERNATIONAL HERALD TRIBUNE, MONDAY, NOVEMBER 17, 1997 


PAGE 11 


■ f| !d 


LANGUAGE 

Uncovering the Story of the Full Monty 


B y William Safire 


* I i? ! , 


'Mi* 


Washington - «ow do you 

YV describe eveiything”? l don’t 
mean a Tew cosmic items, or a bunch of 
j stuff, mean the wholz s hootin' match 
, the works, the entire kit and caboodle ' 
the whale hall of war. Everything, in- 
| eluding the kitchen sink. 6 

! a ’«ntui 7 , the coUective 

| slang of choice by such writers as Walt 

j Whitman Bret Hane, and Mark Twain 
. was the shebang, a term meaning "a 
hut,shed. tent, or dilapida ted dwell- 

• ing, perhaps from the Irish shebaan, or 

j lowly tavern ; by metaphoric ex ten - 
| S1 ^ 1 - ,he . who| e shebang came to mean 

j ’the enure setup.’ ’After a good run, the 

i shebang seems to be closing its tent. 

» . l . ls /? 3la ^' eme L n, the past generation 

had been the whole nine yards. No, this 
{ had nothing 10 do with football (you 
i need 10 yards, not 9, for a first down) or 
j material for a wedding dress. Diligent 
j research, buttressed by many letters 
!| from construction workers, points to the 
» cubic contents of a cement truck, (I say 
| it’s a cement truck; they call it a concrete 
f truck. Whatever you call the convey- 
j aoce. a full, rotating load supposedly 
l contains the whole nine yards.) 

• Now a new challenger has entered 
J the lexicon of surfeit. “Buy a simple 
j package of 14 channels," advises Bri- 
■ tain’s Daily Mail, and it will cost about 
i $10, but it will cost you triple that if you 
J take 16 channels, a movie channel and 
i Sky Sports, and in the newspaper's fig- 
ure of speech, “go for the fill Monty . " 
In 1993. The Glasgow Herald described 
a diner “tucking into the full monty — 
bacon, sausage, eggs, and black pud- 
ding.” It was the title of a 1993 book by 
Jim Davidson, a TV comic, and the 

i name of a horse in 1990. (For a century, 
a monty has been racetrack slang for “a 
horse certain to win.’’) 

• The San Diego Union-Tribune ran a 


.iiri .! % ii 


,i!!ii llirlili 


story about the Carlsbad City Coun- 
cil's zoning restrictions to avert gar- 
ishness: “Carlsbad has reached the 
point where ir can afford to go the full 
monty — full frontal snobbery.” 

That metaphoric reference to nudity 
is repealed in the movie section of The 
Boston Herald: “Apparently Tin- 
seltown is atwitter over ’Boogie 
Nights,’ the New Line Cinema flick 
where Mark Wahl berg, 26, does The 
Full Monty, snorts coke and God knows 
what else as pem star Dirk Diggler.” 

The phrase is being spread around 
the world by the success of a low- 
budget British comedy-drama from 
Fox Searchlight Pictures titled “The 
Full Monty.” In it the main character 
says, “The Full Monty . . . don’t think I 

The meaning r ang es 

from leaving nothing out 
to leaving nothing on. 

relish the idea of pulling off my kegs 
and showing my lunch box to the 
world.” Fox publicity defines the 
phrase this way: “1. naked, nude. 2. to 
go the Full Monty, vb., to take all one’s 
clothes off, to go the whole way, to be 
totally naked.” 

The etymology of the term is in dis- 
pute. One school holds that it comes 
from a card game, either monte bank or 
three-card monte, the phrase derived 
from a pile, or mountain, of cards. An- 
other points to a Liverpool haberdashery 
selling arriving sailors an entire shore 
outfit Michael Quinion, who writes a 
lively Web page about new wads (ht- 
tp ://c lever.net/qainion/ words ), reports 
the speculation that it may. have to do 
with Field Marshal Bernard Mont- 
gomery, Monty to his troops, who cut a 
splendid figure in full regalia. 

The origin has to be considered ob- 


scure, but the meaning is “the totality,” 

with a special sense of “nakedness. "The 

phrase is already spawning puns; En- 
tertainment Weekly refere to “Wuther- 
ingHeighis" as “the full Bronte." 

The quotation anthologist Nigel 
Rees's Quote . . . Unquote newsletter 
(Box 292437, Dayton, Ohio 45429) 
takes up the topic of film cliches. 

No movie comes close to “Casa- 
blanca” (screenplay by Howard Koch, 
Julius J. Epstein and Philip G. Epstein.) 
for the coinage of what later became 
cliches: Play it, Sam (without the 
“again”) has been extensively studied 
here, as have shocked, shocked and the 
usual suspects, later the name of a rock 
group ana now the tide of a movie. 

But consider the phrase what a 
dump! This was quoted by Elizabeth 
Taylor in the 1966 film version of 
Edward Albee’s play “Who's Afraid 
of Virginia Woolf? 1 ’ as derived from a 
line delivered by Bette Davis in the 
1949 film “Beyond the Forest ” But 
Jean English, a newsletter correspon- 
dent found it in Otto Preminger’s 1 945 
“Fallen AngeL” Dana Andrews holes 
up in a fleabag hotel and expostulates, 
though without Davis's diction, 1 ’What 
a dump!” This phrase has been the 
bane of real-estate agents ever since. 

“What do we do no w?" "We wait." 
This staple of TV crime series can be 
found in a 1967 episode of “The 
Champions’ ’ and was repeated in films 
like “Beverly Hills Cop” in 1984 and 
“Ghost” in 1990. No stake-out can be 
filmed without this exchange. 

"We’d better call the police." "I ant 
the police Richard Hollinshead did 
the research on this classic dialogue, 
finding it in Clint Eastwood's 1971 
"Dirty Hany” and in his 1973 “Mag- 
num Force,” antedated by the Dana 
Andrews line in the 1944 “Laura.” (If 
anyone ever says to me. “We'd better 
call the language police,’ ’ I’m ready.) 

New York Times Service 


MONITOR: The Story of the 
Legendary Civil War Ironclad 
and the Man Whose Invention 
Changed the Course of History 

By .lames Tcrtius dcKay. 247 pages. $21. 
Walker A Co. 

Reviewed by 

Christopher Lehmann- Haupt 

W HAT most people remember 
about die Monitor and the Mer- 
rimac is that, like the gingham dog and 
the calico cat, or ’nveedledum and 
Tweedledee. rhe two of them fought 
each other. That they did, on March 9, 
IS62. in the waters of Hampton Roads, 
Virginia, in the first battle between iron- 
clad ships. 

But beyond the fighting, most people 
have got it wrong, as James Tertius 
deKay. a naval historian, tells it in this 
sprightly popular hisiory. 

For one thing, most people think that 
the Monitor was the world’s first ironclad 
warship, which, as deKay writes, “is not 
even remotely the case,” Both the British 
and French navies had launched iron- 
clads before the Monitor was built. For 
another thing, people think that since the 
Monitor was such an advanced vessel, 
“she is more notable for what she was 
lhan for what she did." If this were so, 
her story would lack narrative. 

When the Monitor steamed south for 


BOOKS 

Chesapeake Bay a month after its 
launching on Jan. 30, 1862, at the Con- 
tinental Iron Works in Brooklyn, New 
York, the question of whether the Union 
or the Confederacy would be the su- 
perior naval power still lay very much in 
the balance. In April 1861, forces of the 
North had tried to destroy what they had 
to leave behind when they withdrew 
from the Norfolk Navy Yard, the largest 
and best-equipped shipyard in the coun- 
try. But the South had managed to sal- 
vage the remains of the Menimac. 

Renamed the Virginia, the ship had 
been armor-plated and outfitted with a 
device for ramming. On Saturday, March 
8. 1862, the ship attacked and destroyed 
most of the Union squadron guarding the 
passage from Chesapeake Bay to die sea, 
and thereby threatened to break the Un- 
ion’s naval blockade of the Confederacy. 
On that blockade depended the contin- 
ued neutrality of England and France, 
with which the South hoped to trade its 
cotton for industrial supplies. If foe 
blockade could be broken, foe South 
might well win foe war. 

Then into Norfolk Roads steamed the 
Monitor, seeming to foe men aboard foe 
Virginia like “another nondescript ves- 
sel,” writes deKay. The ship was foe 
invention of John Ericsson, a brilliant 
Swedish engineer who bad ranged over 
Europe and America trying to make his 
visions of foe future understood. 

Ericsson had seen the need for what he 


BRIDGE 


By Alan Truscott 

T WO teams, each beaten 
once, survive in the New 
York Double Knockout Team 
Championship for the Von 
Zednvitz Trophy. One is a 
group captained by Mark 
Feldman and including Adam 
Wildavxky. Michael 

Massimilfa, Irina Levitina, 
and Judi and Michael Radin. 
The other is the defending 
champion team: Lapt Chan. 
Liz Reich. Brad Moss. Phillip 
Alder. Jim Krekorian and Jon 
Heller. 

The Chan team won its 
semifinal by 1 1 imps against a 
foursome led by Marcel 
Friedman. Both North-South 


pairs reached four hearts on 
foe diagramed deal, but with 
different results. 

In one room South won foe 
opening diamond lead and 
immediately finessed the 
spade queen. Moss as East 
won with foe king and shifted 
to the dub jack. This was 
covered by foe queen and ace, 
and West cashed the diamond 
queen and shifted to foe spade 
jack. There was no way to 
take 10 tricks now. South 
could maneuver to draw 
trumps, using dummy's 
entries for finessing, but 
would be left with a club 
loser. And if he ruffed two 
elute in dummy he would 
have to lose a trump trick 
eventually. 


In foe replay Alder held up 
his diamond ace for one round 
and then led foe clnb queen. 

West played low, which 
would perhaps have been 
right if East had held foe king. 
As it was, it was fatal to 
the defense. 

South led another club, and 
West made life easy by taking 
his ace. But it made no 
difference. If he had played 
low, the declarer could 
not have been prevented from 
drawing trumps with two fin- 
esses. One club ruff would 
suffice, because foe king 
would be established. 

The Chan team gained 
10 imps, which was almost 
foe entire margin of 
their victory. 


NORTH 
4 A Q9 863 
7986 
053 
*82 


WEST 
4 J 5 
772 

0 KQ J742 
4 A 76 


EAST 
4 K42 
7 K 104 
0 1086 
♦ J 10 94 


SOUTH (D) 

4107 
7AQJ53 
0 A. 9 
4KQ53 

East and West were vulnerable 


The bidding: 
South West 

North 

East 

1 7 

20 

27 

30 

47 

Pass 

Pass 

Pass 


West led the diamond king. 


CROSSWORD 


ACROSS 

1 Walk. VQt or 
canter 

s Cheese served 
wilh crackers 

9 Cavort 

13 Speak without 
notes 

IS Lout about 

is Race track 

17 Girl m a 

cnJCren s siory 

19 Dried up 

20 Go on and ott. 
.is a traffic light 

21 Spain and 
Portugal 

aa Polluted 

26 Having iouna 
protuberances 


Z7 Hammed it up 

28 Irish accent 

28 Foremost's 
partner 

3d Try. as a case 

31 Go out with 

M Liturgical 
vestment 

ss Mocked 

as Clear (of) 

28 Shirts tor 
golfers'* 

61 Opposite of 
include 

62 Mallowmg. as 
cheese 

44 Long-legged 
shorebird 


Solution to Puzzle of Nov. 14 


□□do boh 
□nan 
□Qiaan 


48 90 s music or 
fashion 

47 These can be 
winning or 
losing 

4» Scarlet bird 

so Readies, as a 
pool cue 

51 Harold who 
wrote -Stormy 
Weather" 

52 Harangue 

53 Worse than 
awful 

58 Fairy tale's 
opening word 

ss They crisscross 
Paris 

00 Grafting shoot 

si BamOi and kin 

02 They may be 

loose or split 

as Burden 


1 Joke 

2 Commotion 

3 State west of Ind 

4 Choice morsels 
s Raxon-haired 

8 Boulder 
7 Variety 

b Hamlet's home 

9 Citizen Kane's 
last word 

10 Domineering 

11 Nobelist Curie 
« Beg 


14 Military lodgings 
ia Stretched the 
truth, so to 
speak 

22 Peat locale 

29 Trim, as a roast 

24 Author Zola 

25 Raslrainl 

26 Vetveeta maker 

28 Comport with 

30 Development 
developments 

32 Touch of color 

53 Landscaping 
tool 

38 Overconfident 
37 Sock menders 
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48 Joyous 
celebration 

47 Seafood 
order 

48 Macbeth, for 
one 

49 Lady's 
keepsake to a 
soldier, once 

si Not up yet 

54 Convent dweller 
ss Storage 

container 
se Costello or 
Grant 

57 Printer's widths 


Pwfctay Mur 


CiJVew York Times/Edited by Will -Shorts.! 


INTERNATIONAL 


DENMARK: Xenophobic Weed Grows in the Tidy Little Garden 


ponderously called "a subaquatic sys- 
tem of naval warfare,” and he created it 
by designing foe screw propeller and a 
radically new steam engine below decks. 
The ship was not especially seaworthy, 
but what bore down on foie marauding 
Virginia was foe prototype of all future 
warships. 

Admittedly, foe showdown, in 
deKay’s account, does not set foe spine 
to tingling. The concept of the Monitor 
was sound; in theory the rotating turret 
allowed the ship to shoot in any di- 
rection, but the execution was flawed. 

For instance, foe commander found it 
difficult to start foe turret turning, and 
once started^ he found it equally difficult 
to stop. 

The battle ended with a misunder- 
standing, as foe Virginia appeared to 
withdraw. Both sides thought they had 
won. But deKay conclodes, “In that 
single, seemingly equivocal four-hour 
action on March 9, foe Confederacy lost 
its last real opportunity for European 
intervention, and with it, the war.” 

The next December the Monitor went 
down in an Atlantic storm with 16 hands 
on board. Twenty-seven years later, 
John Ericsson died at 83, financially 
independent from orders for larger and 
more complicated versions of ins iron- 
clad. The Monitor lies half buried in 
sand in some 220 feet of water 16 miles 
off Cape Hatteras. 

New York Times Service 


Continued from Page 1 

- tween racism and economic threat or 
deprivation. 

Denmark is not only well-off, but 
without a trace of existential menace at 
foe horizon. With only 4.5 percent of the 
population of 5.5 million made up by 
immigrants or refugees, no foreign 
horde has crept in or waits or at foe gates. 
Yet, a state television survey last month 
said that foreigners’ presence in the 
country concerned foe Danes more than 
any other issue, including taxes, jobs or 
the environment. And this in a place 
whose king chose to wear a yellow star 
during foe Nazi occupation in World 
War fi, and which secreted its Jews by 
fishing boat to safety across foe Oresund 
to neutral Sweden. 

The explanations for what is hap- 
pening are often embarrassed and dis- 
missive, with an undertone that this is 
just slovenly behavior, a pile of rotting 
leaves alongside foe gleaming national 
cottage. Following this line, foe rightist 
surge should be seen as a nasty quirk, 
rather like foe Danes' flirtation with 
Mogens Glistrup, the tax-rejecuonisi 
who pushed his party into Parliament in 
foe mid-1970s, and then eventually went 
to jaiL This approach, it turns out, has 
helped Mrs. Kjaersgaard to appropriate 
foe national agenda in a small country 
that deals mostly with one big issue at a 
time. 

“What we are finding out is that we 
can melt small pieces, but that we are not 
a melting pot.” said Hans Jorgen 
Nielsen, a professor of political science 
at Copenhagen University’s Institute of 
Political Science. “What seems lobe out 
there is foe feeling about immigrants that 
‘we get too little, and they get too much. ' 
It's come out thar in certain circum- 
stances. foe immigrants or refugees 
really do better. If you’re a Somali and 
you have two wives and 1 1 children, you 
really do well. That's crazy, and that’s 
tooted. 

“There are real racists out there, but 
they’re just a few. It is not a cosmo- 
politan society here. Some surveys show 
that foe first and foremost opposition is 
to foe Muslim groups and the Arabs. The 
Vietnamese are absolutely popular. The 
negative feelings relate to how difficult 
it is to integrate people.” 

Some of the anger seems to focus on 
foe fact that the Danish welfare state can 
provide a jobless immigrant and his fam- 
ily the same cash allotment that a native- 
born Dane would receive after a working 
life of 50 years. Refugees and immi- 
grants identified as Palestinians. 
Somalis, Bangladeshis, Kurds and Iraqis 
have been concentrated in a handful of 
neighborhoods in working-class areas, 
with their children sometimes making 
up the majority of foe local school pop- 
ulation. Dane's have transferred their 
children in growing numbers to private 
schools, and old people have com- 
plained of attacks and hard looks. 


What Mrs. Kjaersgaard seems to have 
grasped was that for the mainstream 
political parties here, it was particularly 
difficult to say that the tensions coming 
out of foe new, multiethnic experience 
were not going to be resolved solely 
through a little more Danish tolerance. 
After a few well-reported fights between 
immigrant gangs, and a campaign by the 
national tabloid newspaper Ekstra 
Bladet aiming at welfare cheaters among 
refugees and immigrants, the polls 
began moving shaiply in her direction at 
the end of the summer. 

Peter Gorm Hansen, president of the 



Usui IVW'Apur- liann-IW* 

Pia Kjaersgaard, leader of 
the People’s Rirty, says, it’s 
a crime to be racist,’ but 
‘Muslims are a problem.’ 

national association of cities, believes 
Denmark's national politicians have re- 
acted to foe problem with almost cata- 
tonic incompetence, avoiding a clear 
message coming up from the streets. 
“The 'notion in our political elite is 
we've got the best welfare system in the 
world, the best garden in foe world, and 
that a lot of real issues don't concern 
them or Denmark. The idea is always, 
’The other bastards can’t teach us a thing, 
and we've got it all down right.' ' ’ 

Out on the street, foe mean edge is not 
easy for a visitor to pick up. But two 
Moroccan teenagers charged into a com- 
munity assistance center last week, say- 
ing the police had carted off two of their 
friends from a bus after foe bus driver 
grabbed one around the neck because he 
was “making too much noise.” 
Suzanne Lazare, 22, who took down 


the complaint, said Denmark had 
changed enormously since she came to 
Copenhagen from Trinidad 12 years 
ago. She was even thinking of leaving. 
"Their eyes have changed.” she said. 
“The Danes look down at you now. 
People are becoming very cold. Funny 
thing. it f s towards themselves, too.” 

For Mrs. Kjaersgaard, who describes 
herself as a “50-year-old middle-class 
housew ife and mother of two grown chil- 
dren," her party's seeming success has 
to do with wanting to talk about things 
the establishment does not For example: 
a study, she says, that projects that Den- 
mark in 25 years will have 600.000 
people ‘.‘with another background." 

Mrs. Kjaersgaard says “it's a crime to 
be a racist, awful.' ’ and that what “I read 
about Jean- Marie Le Pen in France. I 
don't like." But she has no trouble being 
called a nationalist, and insists the word 
racist has become devalued. 

“I think foe Muslims are a problem. 
They are quite as good people as you or 
me. But it’s a problem in a Christian 
country to have too many Muslims. We 
have had Jews for many years and they 
do a very good job. But you must not 
show a negative attitude toward our tra- 
ditions and that's foe case, 1 think, for foe 
Muslims. They don’t like me. 

* ‘What we want to discuss is how many 
refugees we should have and how much 
money we can spend on them. That's the 
problem, how many, how much. 1 want to 
keep Denmark as a country with its own 
traditions and history.” 

An inkling, beyond foe polls, of how 
Mrs. Kjaersgaard ’s message is doing 
could come from countrywide munici- 
pal elections Tuesday, but they are uni- 
versally seen as dominated by local is- 
sues. The People's Party has urged a no- 
vote in a referendum here in May on the 
European Union expansion program 
contained in the Amsterdam Treaty, but 
the matter is also seen as largely separate 
from the xenophobic issue. Thar leaves 
the national elections later in 1998. 

The proper response to Mrs. 
Kjaersgaard. according to Erling Olsen, 
foe speaker of Parliament and a senior 
figure in foe Social Democratic Party, 
which leads the minority government. Is 
to remain humanisr while seeking to limit 
the abuses in the area of imirugration. 
That means, for example, more preschool 
Danish classes, but also better screening 
of applicants for residence. As a first step, 
the government has removed the cabinet 
minister overseeing immigration and put 
in a tougher-minded replacement. 

Mr. Olsen, who is appreciated here for 
his sly wit, said he felt foe peak would 
come off the issue in foe spring but that 
the mountain under it would not dis- 
appear. “The Danes actually believe 


that we’re better than anyone else. We 
thought we have a wonderful place and 
could welcome some guests. Well, 
maybe nor so many. It's a small country 
but a little megalomaniac. We'll have to 
find a solution, a tolerant one.” 


The IHT Pocket Diary 
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PAGE 12 


INTERNATIONAL HERALD TRIBUNE, MONDAY, NOVEMBER 17, 1997 


INTERNATIONAL 


A -m 

■i. "5; 



ww 


viglis the Pros and Cons of Force Against the Intransigent Saddam 


By Eric Schmitt 

New York Times Service 


WASHINGTON— lathe 1991 Gulf War, the 
U.S.-led coalition dropped more than 88,000 tons 
hf bombs on Iraq, crippling the country's elec- 
tricity networks ana oil refineries, severing 
bridges and destroying roads. 

. President Saddam H ossein of Iraq did not 
budge. 

American military and political officials are 



x against the international community. 

In this standoff, the Clinton administration’s 
goal is not simply to punish Baghdad for 


something it did, as happened in 1993 after the 
alleged assassination plot against former Pres- 
ident George Bush, or last year when the Iraqi 
Army's attacks on Kurdish enclaves drew Amer- 
ican air strikes. 

This time around, die administration is trying 
to accomplish something much more difficult: to 


coerce Mr. Saddam into reversing hiadecision to 
expel the American members of a UN team 
charged with cracking down arid destroying 
Iraq's secret nuclear, chemical and biological 
weapons programs. 

Bnt if 43 straight days of air bombardment 
failed to evict Iraqi forces from Kuwait in 1991, 
why should anything less persuade Mr. Saddam 
to let the inspectors back in now? 

Despite those punishing air attacks, which 
crippled Iraqi communications and hampered 
Iraqi defenses, it took a massive ground assault 
by troops to drive Mr. Saddam’s army out of 
Kuwait. 

'’Knowing his track record, it’s awfully hard 
to imagine how much of a beatiDg he’d be willing 
to absorb before he’d come to some agreement, " 
said Stanley Arthur, the four-star admiral, now 
retired, who commanded allied naval forces in 
the Gulf War. 

For that reason, any strategy that relies on 
bombing raids to reform Iraq’s ways is filled with 
political and military gambles. Air campaigns, 
whether carpet-bombing in Vietnam or the with- 


ering barrages in the Gulf War, have successfully 
altered the tactical equation on the battlefield but 
have rarely changed an enemy's behavior. 

Defense Secretary William Cohen seemed to 
acknowledge these limitations on air power Fri- 
day, saying, “We’re not looking to bomb anyone 
back into either a Stone Age or into any sort of 
submission." 


Pentagon planners and independ- 
ent experts say the current showdown would 
almost certainly require a larger and prolonged 
air assault. 

Anthony Cordesman, a Middle East expert at 
the Center for Strategic and International Studies, 
offered a range of options — from declaring the 
air space over the entire country a "no flight*’ 
zone, to striking more than 200 military 
.headquarters and intelligence targets to pressure 
Mr. Saddam into compliance. ' . 

If that did not work, he said, other sensitive 
;ets could include some of the 17 presidential 
Mr. Saddam has around the country as 


well as Republican Guard barracks and facilities. 

"They could stagger cruise missile attacks to 
have one every hour or two, deliberately picking 
high-visibility targets," Mr. Cordesman said, 
“That would send arolling political message that 
you ’re steadily raising the ante without having to 
stop or have long pauses." 

But any attended air campaign would test the 
public's patience and draw strong criticism from 
Arab and European allies, many of whom have 
urged an end to international sanctions that have 
had a devastating effect on the Irani 
have left Mr. Saddam largely 
Reviving a tactic he used in the Gulf War, the 
Iraqi leader has moved women, children and 
other civilians near sensitive military targets or 
suspected weapons depots, daring Washington to 
risk killing civilians with laser-guided bombs and 
unmanned Tomahawk cruise missiles. 

With American power and prestige at stake, 
race President Bill Clinton committed himself to 
using force to win die return of UN inspectors to 
Iraq, he would have to be prepared to use whatever 
militar y mig ht is necessary, including ground 


Patience Isn’t ‘Infinite,’ 
U.S. Defense Chief Says 


By Brian Knowlton 

International Herald Tribune 


WASHINGTON — U.S. diplomatic 
and militar y officials emphasized Sun- 
day that the Clinton administration 
wanted to exhaust diplomatic efforts to 
resolve the crisis with Iraq before con- 
sidering an attack. 

But they added, as Defense Secretary 
William Cohen put it, that U.S. patience 
is "not infinite?' in the standoff over 
Saddam Hussein’s expulsion of Amer- 
ican arms inspectors. 

"There shouldn’t be any artificial 
time limit or countdown," Mr. Cohen 
said. “But I think we’re well aware of 
the ticking of the clock.” 

He repeated that any Iraqi attack on 
U.S.-piloted reconnaissance planes or 
U.S. targets anywhere would bring a 
firm and immediate response. 

At the same .time, Mr. Cohen and 
other officials said that diplomacy 
would be given a chance to work. 

They spoke before reports emerged 
that Russia will try to mediate the affair. 
Russia and France, key members of the 
United Nations Security Council, have 
opposed the idea of punitive attacks on 
Iraq. 

But the State Department spokesman, 
James Rubin, said that those countries 
were now standing together with the 
United States and Britain. 

"All four of our countries are 
united," he said in a television interview 
from Kuwait, where he was accompa- 
nying Secretary of State Madeleine Al- 
bright "Saddam Hussein must comply. 
There’s no other choice." 

President Jacques Chirac of France on 
Sunday denounced Iraq's stance in die 
confrontation as unacceptable and 
backed U.S. efforts to end the standoff. 
But he again emphasized the need to use 
"diplomatic means." 

Mr. Rabin said that Mrs. Albright, on 
a hastily arranged mission to marshal 
support in the Gulf region, had spoken 
by telephone to the foreign ministers of 
Russia, France and Britain. 

For now, said Samuel Berger, the 
president’s national security adviser, 
"the issue of military action is not the 
issue that's on the table.” 

“Our immediate focus is on the dip- 
lomatic side," he said, adding dial the 
administration was working to line up 
other countries in the face of Saddam 


Chirac Assures U.S. 
Of Solidarity 9 in 
Crisis With Iraq 

New York Times Service 

HANOI — President Jacques 
Chirac of France, strongly con- 
demning the leadership of Iraq for 
expelling American members of 
United Nations weapons inspection 
teams, said Sunday that he had told 
President Bill Clinton that France 
was "in solidarity with the UN and ’ 
the United States in'this crisis." 

In what he called a long telephone 
conversation with Mr. Clinton on 
Saturday night, Mr. Chirac said he 
had expressed the hope that a dip- 
lomatic solution could still be 
found. 

At the end of a summit meeting 
here of a group of 46 francophone 
countries seeking to farm a loose 
diplomatic bloc, Mr. Chirac said, “I 
consider the present attitude of the 
Iraqi leaders is unacceptable, and I 
condemn it. 

“Iraq has no choice but to co- 
operate with international author- 
ities. There is no solution for Iraq in 
confrontation." 

But Mr. Chirac added, “Iraq 
should know that if it cooperates, 
then there is a possibility that sanc- 
tions can be lifted." 

France and Russia had differed 
with Washington before Iraq ex- 

S illed American members of the 
N weapons inspection ream. 

■ Blair Warns Saddam 

Prime Minister Tony Blair de- 
livered a message to Saddam Hus- 
sein on Sunday: If Iraq tries to de- 
velop weapons of mass destruction, 
•*we will stop you." The Associ- 
ated Press reported from London. 

“Nobody wants military action 
taken, but I think it is important that 
we stand firm with our allies, the 
United States, that he will not be 
allowed to get away with it." Mr. 
Blair said in a BBC interview. 


Hussein’s defiance and "to make it ab- 
solutely clear to him that he cannot di- 
vide thie international community." 

If diplomacy fails, Mr. Berger said, 
j the line the administration has 
since the crisis began late last 
month, "we will have to consider other 
measures." 

Mr. Cohen was cautious about how 
much time the diplomats have to pro- 
duce results. 

“Hie president has indicated that we 
intend to be patient in trying to solve 
this," he said. “Patience is a virtue, but 
it’s not infinite.’’ 

Mr. Cohen and others said that a U.S. 
military strike, if one were launched, 
would almost surely involve the air force 
and not ground troops. At the same time, 
they acknowledged the limits of air 
power, which can do little against targets 
buried deep in the ground. 

The defense secretary acknowledged 
that bombing of Iraqi weapons sites 
would be mare difficult because of the 
civilians, including women and chil- 
dren. who are serving as “human 
shields" around those sites. 

Recent opinion polls have shown 
strong support among Americans for an 
armed reprisal should Iraq attack UN 
reconnaissance planes or U.S. targets. 
The support, in the 80 percent range, 
exceeds die initial public support for 
U.S. military action after Iraqi forces 
invaded Kuwait in 1990. 

Those polls were taken before' a 
Kuwaiti ambassador said that the emir- 
ate now opposed a U.S. attack on Iraq. 

But Bill Richardson, the U.S. chief 
delegate to the UN, brushed off the am- 
bassador’s statement He and other of- 
ficials implied that the statement was 
meant to appease Iraq while not re- 
flecting Kuwait’s tine intentions. 

Support in Congress also appears to 
be strong for action, particularly if a UN 
plane or U.S. targets are attacked. 

A leading congressional figure on de- 
fense matters. Senator John McCain, 
Republican of Arizona, said that cruise 
missiles might be insufficient and that B- 
52 bombers might be needed. “There 
are no good options in this scenario as it 
is unfolding." 

Mr. Cohen, saying that Americans 
needed to understand the stakes, said 
that Iraq was trying to develop a missile 
that could reach U.S. territory to deliver 
chemical or biological weapons. 





Jarqurlnr Lna/Th> taorinrd 

A Palestinian man confronting Israeli troops near Bethlehem after the funeral of All Jawarish on Sunday. 

From Death, Gift of Life in Bethlehem 


By Joel Greenberg 

New York Times Service 


BETHLEHEM, West Bank — Vi- 
olent protests erupted here Sunday after 
the funeral of a Pales tinian boy shot by 
an Israeli soldier, even as the dead 
boy’s organs were transplanted in an 
Israeli hospital after his father said they 
could be donated to Arabs or Jews. 

The 8-year-old boy, Ali Jawarish, 
died Saturday, four days after he was 
shot in the bead by a soldier during a 
stone- throwing demonstration near die 
Jewish shrine of Rachel’s Tomb, an 
Israeli enclave in Palestinian-ruled 
Bethlehem. 

After the boy was buried Sunday, 
scores of youths rushed by Palestinian 
security officers and stoned Israeli sol- 
diers, who responded with stun gren- 
ades, tear-gas and rubber-coated metal 
bullets. A soldier was hit in the head by 
a stone, and a Palestinian news pho- 
tographer was shot in the leg. Five other 
Palestinians were reportedly wounded. 

At two hospitals near Tel Aviv, 


meanwhile, the heart, lungs, liver and 
kidneys of Ali Jawarish were given to 
three Israeli Arab boys. 

Hospital officials said thd recipients 
were chosen for medical reasons, not 
because they were Arab. 

Ali’s father, Muhammad Jawarish, 
said he had agreed to donate theorgans, 
regardless of whether they were given 
to Arabs or Jews. 

"This is an honor,” be said. “I’m 
doing something so people won’t have 
to see what I saw happen to my son. I 
want them to see a happy, healthy 
child. I don’t care who the organs are 
given to, as long as these people are 
saved. I’m very pleased.” 

The rare donation was reported 
widely in the Israeli medial andpraised 
by Israeli hospital officials. '"Ims is a 
noble deed,” said Sari Gotthold, di- 
rector of transplants at Hadassah Hos- 
pital in Jerusalem, where the boy died. 
“The parents simply thought of giving 
new life after the terrible tragedy they 
suffered.” 

The uncle of one of the recipients. 


1 2-year-old Ismail Hassanein from the 
Israeli Arab village of Iblin, thanked 
the donors for "their courageous de- 
cision to save human lives." 

In Bethlehem, however, the mood 
was one of confrontation as Ali Jawar- 
ish was buried as a national martyr. 

Hundreds of mourners, many of 
them schoo lchildren, marched behind 
Palestinian flags and banners to the 
cemetery, shouting “God is Great!” 
and “With our blood and soul, we will 
sacrifice for you, martyr!” Schoolgirls 
held a banner that said: "Children are 
the beloved of God. but the hatred of 
the Zionists has blinded them." 

Standing a few meters from Israeli 
soldiers who were guarding Rachel’s 
Tomb, Palestinian youths vented their 
anger, denouncing Benjamin Netan- 
yahu, the Israeli prime minister, and 
calling on Saddam Hussein, the Iraqi 
leader, to attack Israel with missiles in 
his looming confrontation with the 
United States. “Netanyahu, you wretch, 
get your dogs away from us!," they 
chanted. “Saddam, strike Tel Aviv!" 


INSPECT: Iraq Drew the Line Over UN Effort to Uncover Biological- Weapons Program 


Continued from Page 1 

withdrew all its inspectors in protest. 

The letter also sought information on 
missile warheads that the inspectors be- 
lieve were filled with biological and 
chemical agents, and documentation on 
Iraq’s possession of VX, a chemical 
nerve agent — all previously subjects of 
investigation. 

But die letter signaled the Iraqis that the 
United Nations was specifically focusing 
on biological-weapons materials, com- 
ponents, tests and data, and on sites con- 
trolled by die Special Republican Guard, 
an elite 26.000-rnember force overseen 
by a son of Mr. Saddam’s, Qusay. 

The guard is charged with protecting 
the president’s life, his palaces and his 
secrets; Qusay Hussein also controls 
Iraq’s weapons factories. The guard has 
offices at the presidential palaces and 
intelligence headquarters, and it controls 
other buildings and large tracts of land in 
and around Baghdad. It has always 


placed these sites off-limits to the UN 
inspectors, citing reasons of national se- 
curity . And for the last three years, UN 
officials said, the guard has been spir- 
iting suspected weapons materiel and 
documents away from the inspectors. 

So last month the investigators fo- 
cused hard on investigating the guard 
itself, along with its campaign of con- 
cealment They intended to conduct their 
searches between Nov. 7 and 11. 

Iraq has continually lied about almost 
every important aspect of its biological- 
weapons program, the inspectors say. 
Until July 1995, Baghdad denied it had 
any such program. 

Since then, the inspectors say, the 
Iraqi leadership has sought to hide its 
planning and decision-making on bio- 
logical warfare and to disguise "its con- 
cealment of such programs and the pre- 
servation of biological-warfare 
capabilities after 1991.” 

Although the investigators say they 
lack many solid facts about the program. 


they assert that Iraq has vastly under- 
stated the size of its anthrax stocks. The 
Israeli daily newspaper Ha’aretz report- 
ed Friday that the UN weapons inspect- 
ors were close last month to identifying 
the location of nearly 900 pounds (400 
kilograms) of anthrax. 

Anthrax is among the deadlier bio- 
logical weapons known. Matthew 
Meselon, a professor of molecular and 
cellular biology at Harvard University, 
said that 2 pounds of anthrax, property 
dispersed, could kill people over an area 
of about 250 acres (100 hectares). 

"It is very difficult to make a bio- 
logical weapon that really works,” he 
said. “But you can cause tenor by claim- 
ing you've got it Saddam may think he 
has no ace in the hole but this ace." 

The Iraqis have not revealed what 
became of 17 tons of raw materials, 
imported nine years ago, suitable for the 
production of anthrax bacteria and 
botulimim toxin, a U.S. intelligence of- 
ficial said. 


The inspectors also say that Baghdad 
has conducted undisclosed field trials of 
biological weapons. Some of the in- 
spectors suspect that the tests may even 
have involved human subjects, UN of- 
ficials said. The officials said they had 
no bard evidence to confirm that sus- 
picion. 

Unconfirmed reports that Iraq used 
human guinea pigs for germ-warfare 
tests have circulated for years. 

In 1995, the inspectors seized video- 
tapes of Iraqi anthrax and botulism tests 
showing infected monkeys, dogs and 
other mammals dying in agony. 

The Iraqis keep exceptionally metic- 
ulous records of their weapons programs, 
said Raymond Zilinskas. a biotechno- 
logy expert at the University of Maryland 
who ^served as a UN inspector in 1994. 

has” is 


troops, or else suffer a humiliating retreat. But no 
one wants to discuss the ground option now. 

"I just don't think we’d put ground troops in 
foe area,” a four-star general said. "The Amer- 
ican public will really have to think there s a 
major threat And I don’t think Saudi Arabia or 
Kuwait would allow it until they see there's a real 
danger to them." 

be sure, short of Iraq’s firing at a U-2 

T wnnnaipfanw. plang flyin g OY£T its territory* 
adminis tration officials $ay, a military response 
is still a long way off as American emissaries 
puisne diplomatic options. 

While bombing suspected storage and pro- 
duction sites fpr weapons is an alternative to 
having inspectors monitor them, it could unleash 
a toxic cloud that could kill thousands of people. 

Moreover, as foe United States learned after 
the Gulf War, when UN inspectors discovered 
mountains of chemical and nuclear components, 
air attacks against clandestine weapons are not 
very effective. Only when inspectors on foe 
ground examined storage sites did they identify 
and destroy much of Iraq's illicit arsenal. 

IRAQ: 

Hint of Compromise 

Continued from Page 1 

mambas — was rejected by Thomas 
Pickering, foe U.S. undersecretary of 
state for political affairs. Mr. Pickering 
said on U.S. television that the Clinton 
administration refused to accept a con- 
ditional settlement with Baghdad over 
compliance with Security Council res- 
olutions. 

The Iraqi proposal may get a warmer 
hearing in other capitals, including Par- 
is. President Jacques Chirac of France 
has backed President Bill Clinton's 
tough stance while voicing hopes that 
Baghdad can still be persuaded to retreat 

from its defiance of the Security Coun- 
dL (JPage 12) 

like Russia, France has often sought 
to delay punitive action against Iraq 
while exploring any opening for com- 
promise that might lead to an accord 
between Baghdad and foe Security 
Council and avert military hostilities. 

Mr. Aziz seemed to refer to previous 
Iraqi charges that the United States was 
not nnpartiai, saying in his interview with 
le Figaro: “We ask the Security Council 
to create a committee of experts whose 
impartiality was not in question." 

"On this new inspection team, all five 
permanent members of the Security 
Council would have to have equal 
weight,” Mr. Aziz said. ■ 

Theoretically, the inspection teams 
could be expanded to enable them to 
include as many experts as were needed 
from foe United States and other .Se- 
curity Council member states. 

But U.S. and some UN officials have 
warned that Iraq’s goal in triggering the 
c ament crisis was to undermine the ef- 
fectiveness of foe United Nations in- 
spection team by diluting its operational- 
authority and opening the way to an end 
of sanctions before Iraq’s illegal 
weapons programs have all been halt- 
ed. 

The United Nations has said it would 
resume flights of U.S. U-2 spy planes as 
part of its inspections. 

■ Commitment From Russia 

The United States has received a com- 
mitment from Russia to use its special 
relationship with Iraq to intervene m foe 
crisis over the UN weapons inspectors, 
U.S. officials said Sunday, Reuters re- 
ported from Kuwait 
Washington had made a similar ap- 
peal to France, but whether Paris was 
prepared for that was “less clear,” said 
an official traveling in the Gulf with the 
U.S. secretary of state, Madeleine Al- 
bright 

“We all recognize that foe Russians 
and the French have had an influence 
over Saddam Hussein's behavior in the 
past,” said foe State Department spokes- 
man, James Rabin. 

“The idea is that they would be in foe 
best position to convey to him the steeli- 
ness of the will of foe international com- 
munity to resolve this problem." 

The matter was discussed in tele- 
phone calls over die last two days, one 
with the Russian foreign minister. Yev- 
geni Primakov, and one with the French 
foreign minister, Hubert Vedrine, Mr. 
Rubin said. 

Mrs. Albright also spoke on Saturday 
with die British foreign secretary, Robin 
Cook, and President Bill Clinton spoke 
with President Boris Yeltsin of Russia. 

“The focus of the president's phone 
call and her phone calls have been that 
foe French and Russians specifically 
have a unique relationship with Iraq, and 
that it would be best for all of us if they 


t 


if 


& 


“The question everybody 
what the biological-warfare records con- would exploit that unique relationship 
tain, he said. "The speculation is that it and convince him to reverse course," 
probably has to be unsavory activities — said a senior official who spoke on con- 
unethical experimentation." . dition of anonymity . 


if • , 

‘ •> 

l 

4 - 4*. 

; . 


DISSIDENT: China, UnderPressure, Frees Wei Jingsheng, Who Arrives in the U.S. and Enters Detroit Hospital 


Continued from Page 1 

through years of suffering in the Chinese gulag. 
After so many years of worrying about Mr. Wei’s 
survival, his family and supporters seemed thrilled 
that freedom had finally come. 

Yet Mr. Wei, 47, is not folly free. He is not free 
to live in China. In exile, his influence on Chinese 
affairs may dissipate, and it is unlikely foal he will 
be allowed to return to China anytime soon. 

One of the biggest unanswered questions on Mr. 
Wei’s first day of freedom was why he dropped his 
long-standing refusal to leave China. 

Perhaps, as family members said, his health has 
deteriorated so much that he needs medical treat- 
1 ment. It has been hard to gauge the seriousness of 
his heart disease since he Iras been in custody, but it 
may also be that Mr. Wei was tiring -of the 
struggle. 

Tne timing of his release was clearly entwined in 
U.S.-China relations and, specifically, with Pres- 
ident Jiang Zemin's trip to the United States two 
weeks ago. 

U.S. diplomats deny that they made any concrete 
deal with China to exchange Mr. Wei’s freedom for 
wider trading rights. But that swap is now one of the 
net results of the visit, and it is hard to imagine that 


foe long negotiations preceding foe summit meet- 
ing did not involve careful discussion about whar’ 
each side wanted most, 

Mr. Jiang, in addition to his craving for the 
international recognition of a foil state visit in 
Washington, wanted the United States to drop 
restrictions on China’s ability to buy nuclear tech- 
nology and military helicopters. Done. 

Now, with Mr. Wei’s release, Beijing has re- 
ciprocated by giving foe Clinton administration 
what was at foe top of its wish list: a human rights 
triumph to point to as a tangible yield from “en- 
gaging” Beijing. 

Letting a political prisoner go may seem like a 
simple, costless act. Yet China's leadership is still 
so sensitive about internal critics that it generally 
fears that releasing one might be interpreted as a 
sign of political weakness. 

For the moment, however, releasing Mr. Wei 
makes China’s leadership look relatively confident 
and secure. This has been Mr. Jiang's year, emerg- 
ing from foe shadow of Deng Xiaoping to assert 
himself as China's foremost leader, presiding over 
the return of Hong Kong in July ana dominating a 
. Communist Party Congress in September. 

Whether Mr. Wei’s release is a solitary ges- 
ture. or a signal of a broader political relaxa- 


tion by Mr. Jiang, remains unclear for now. 

Political analysts here feasted on foe possibilities 
raised by Mr. Jiang's ambiguous remarks at Har- 
vard University, when be used the word “mis- 
takes’* in answer to a question about the Beijing 
massacre in 1989. 

The official reason given for Mr. Wei’s release 
was medical. ^ince foe authorities needed to justify 
their previous refusal to let him go. 

“Wei Jingsheng has been released on parole for 
medical treatment because of his illness,” the Xin- 
hua news agency repented in a shot dispatch. “Wei 
has gone abroad for medical treatment.” 

His case has attracted great interest by those who 
follow foe progress, and lack of it. in China’s efforts 
to develop a rule of law. Within the leadership. Mr. 
Wei’s piercing analysis and cogent arguments for 
greater democracy seem to have attracted con- 
siderable concern, and Mr. Wei’s letters to top 
leaders are said to circulate widely. 

In. a culture that strongly discourages individu- 
ality, and that demands submission to authority, 
Mr. Wei is an extremely unusual figure. 

Stubborn, patient, and humorous, he has been 
unyielding in his insistence that true prosperity will 
come to China only with true democracy. He has 
rejected the counterargument that China's booming 


development of recent years is a sign that economic 
advancement can crane without political reform. 

Since 1979, when Mr. Wei was first sent to 
prison, he has been free for only six months. He 
served many of those years in solitary confinement, 
and has said he was subjected to repeated beatings] 
as well as constant psychological pressure. He was 
kept in a brightly lighted cell with a glass wall so 
that prison guards could observe him 24 hours- a 
day’. 

Mr. Wei was released in 1993. six months before 
his 14-year sentence was complete, and just one 
week before foe International Olympic Committee 
was to award the 2000 Olympics that Beijing was 
competing for. Sydney won in a close vole. 

At foe time, Mr. Wei ignored warnings from the 
authorities to keep quiet, arguing that it was his 
right to speak freely, and he continued to write and 
publicize His political views. A meeting with John 
Shanuck, the U.S. assistant secretary, of state for 
human rights, seemed to infuriate foe authorities 
who soon rook Mr. Wei into custody again . 

Mr. Wei’s departure leaves Wang Dan, a student 
leaderln the 1 989 pro-democracy movement, as the 
nation’s most prominent political prisoner Now 
28, Mr. Wang is serving an 1 1 -year sentence plot- 
ting to subvert the government 


* 


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INTERNATIONAL HERALD TRIBUNE, MONDAY, NOVEMBER 17, 1997 


\ • 



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SOUTHERN AFRICA 


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Over 750 major projects are currently under way. 


Participating in the Renaissance of a Region 

Southern Africa is undergoing a quiet revolution that is transforming its economic, political and social fabric. 


A t a Junction in New York on Sept. 10 last year. South 
Africa's vice president, Thabo Mbeki, received the 
Gold Medal of the Business Council of the United 
Nations. In his speech, he invited the world to join in what he 
called the renewal of Africa. 

“South Africa's transition to a peaceful, multiracial de- 
mocracy is an clement of the African renaissance which is 
unfolding before our eyes." he declared. 

He committed his country to a constructive role in de- 
veloping die economies in the Southern African Devel- 
opment Community (SADC). improving competitiveness 
and liberalizing trade. 

His vision of an African renaissance has gained credibility 
in the year that has passed. Democracy and peace are 
returning to places once considered no-go areas. Stock 
exchanges are opening. International businesspeople are 
discovering unimagined investment opportunities. After 
\ ears of stagnation, the economies of the SADC are expected 


to maintain last year's growth rate of 6. 6 percent, against only 
4 percent for industrialized countries. 

In addition, the two debilitating civil wars that racked 
Angola and Mozambique for two decades have ended. The 
aging president for life of Malawi, who ran that country as a 
personal fiefdom, has made way for a new democratic 
government. Namibia has been freed from the colonial rule 
of apartheid South Africa. And South Africa has made (he 
peaceful transition to democracy. It is at last at peace with its 
neighbors after decades of festering hostility. 

These changes have followed the worldwide collapse of 
communism, which has, in turn, put an end to the patronage 
of African countries by foreign powers using them as Cold 
War proxies. 

The new reality 

A new realism is creeping in. Economic development for 
broad social uplift is taking priority over ideology and the 


enrichment of political elites. To this end mines and in- 
dustries are being privatized Fiscal and monetary discipline 
are being applied corruption stamped out, exchange controls 
lifted taxes reduced and programs developed to encourage 
investment in viable business undertakings. 

Import tariffs have been reduced in line with, and some- 
times beyond the requirements of the World Trade Or- 
ganization. This has led to the loss of jobs and the closure of 
factories, particularly in South Africa, but it is helping to 
improve productivity, the better to compete in global mar- 
kets. 

The economies of the Southern African countries have 
been growing at more than 6 percent a year since 1995, and 
prospects are good that this will continue. The Finance and 
Investment Sector Coordinating Unit ofthe Southern African 
Development Community reports that the foreign-exchange 


Continued on page IN 


he participation of 
private organizations 
_ _ in the financing and 
I delivery of infrastructure in 
developing countries, almost 
unknown a decade ago. has 
become a worldwide tidal 
wave. Southern Africa is no 
exception. 

The Johannesburg-based 
information services group 
BusincssMap identifies over 
150 major projects under 
way in die 14 Southern Af- 
rican Development Commu- 
nity countries, most in- 
volving the private sector in 
the provision of infrastruc- 
ture. either through partner- 
ship arrangements in their 
various forms or, in relatively 
few instances, by direct pri- 
vatization. 

The various forms of these 
partnership projects between 
the public and private sector 
involve in different permuta- 
tions the building, operating, 
training and transferring of 
assets — and often all four. 


“Clearly." says Business- 
Map's report “the future of 
infrastructure is not uniform, 
but is varied in organizational 
form.” 

The list of projects in the 
conception stage is longer 
than the list of those that have 
been started, but a beginning 
has been made in numerous 
Southern African countries. 

Road to Mozambique 
By far the region's largest 
infrastructure project cur- 
rently under way is the road 
from South Africa's 
Mpumalanga province to the 
Mozambican capita! of 
Maputo., 

The project itself — the 
construction and operation of 
the road — is probably not 
worth more than 1.5 billion 
rand ($319 million). Its 
greater value is the 1 1 billion 
rand that Maputo Company's 
chief executive officer. Dave 


Continued on page N 




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DTERN'AJTOXAL HERALD TRIBLNE. MONDAY, NWEMBER 17, 1997 


| SPONSORED SIX lit IN 


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SOUTHERN AFRICA 



l •* 


Moving Toward 
Regionalization 
In Finance Sector 

South Africa isn i 1 the only country in the region 
developing its financial markets. 


A frica now has 1 3 
stock exchanges. Of 
these, the Johannes- 
burg Stock Exchange in 
South Africa accounts for 
some 80 percent of the total 
market capitalization and 36 
percent of the number of 
companies listed. 

Of the 13 African ex- 
changes, eight arc members 
of the Southern Africa De- 
velopment Community 
(SADC). Outside South 
Africa, there are exchanges 
in Botswana, Zambia, 
Malawi, Mauritius, Namibia, 
Swaziland and Zimbabwe. 

A stock exchange in Tan- 
zania opened at the end of 


Representatives 
from SADC stock 
exchange* met 
th/s year to find 
ways to turn the 
region into an 
htvostmeot 
destination 

October with the listing of 
Tanzania Oxygen. 

Outside South Africa, 
these exchanges suffer from 
a shortage of scrip and skills. 
All are limited by lingering 
government controls, partic- 
ularly in regard to foreign 
investment But there are 
now attempts to change, this. 

Regional harmonization 
Representatives from 10 
SADC stock exchanges in 
the community met earlier 
this year to find ways to turn 


the region into an investment 
destination. The Botswana 
Stock Exchange's vice chair- 
man, Andrew Ashton, said 
the aim is to harmonize list- 
ing requirements in the re- 
gion, educate stock exchange 
members and improve re- 
gional telecommunications 
and bond listings. There is 
talk of creating a SADC 
equity index. 

South Africa's sophisticat- 
ed financial system includes 
three formal financial mar- 
kets: the Johannesburg Stock 
Exchange in equities, the 
South African Futures Ex- 
change in futures and options 
on diem and the Bond Ex- 
change of South Africa 
(Bondex)on bonds. 

The face of the JSE 
changed dramatically after 
its version of foe “Big Bang” 
in 1995 brought in coiporate 
and foreign membership of 
the JSE, ownership of brok- 
ing firms by nonbrokers, dual 
trading capacity, fully nego- 
tiable brokerage, automated 
trading, an electronic scrip 
registry, rolling settlement 
and new listing require- 
ments. 

Most visibly, major global 
companies have tied up with 
the largest local JSE brokers, 
which account for foe vast 
bulk of foe exchange's total 
turnover. Among these in 
South Africa are HSBC, 
Robert Fleming, Merrill 
Lynch and Deutsche Morgan 
Grenfell. 

More crucially, deregula- 
tion has led to the breaking of 
numerous records. JSE 
turnover reached 92 billion 
rand (SI9.5 billion) in the six 
months to June. Shares 



Governments Begin to Play 
The Card of Privatization 

Part of the process of economic opening in the region a f Southern A fra *■ 
has been the selling off of state-owned businesses. 

T he Zambian government, Africa's privatijnti^ 

leader in privatization, sold 20 state- controlling share in T<. Btjw. u.1 I* ui lK. . - 

owned businesses in 1992-94. 4S in guaranteed ^ 

1995 and 78 last year. come and can set tariffs utilunii .-i 

It is now negotiating its biggest sell-off to being undercut b\ n 


\tf 

w 


South Africa Has folly privatized several 
government -ow nod radio station* by selling 
them to approved business partnership.** be- 
tween emerging black businesspeople .uni 
white-run media groups Other minor gov- 
ernment businesses have been sold, but 


gg 


Foreign investment accounts lor 13 percent of trading an the Johannesburg stock exchange. 


traded now exceed 15 per- 
cent of foe JSE’s market cap- 
italization, a vast improve- 
ment for a notoriously 
illiquid market This has 
been helped by a new elec- 
tronic trading system, which 
makes foe JSE among the 
most modem bourses in the 
world. 

In terms of market cap- 
italization, at 1.27 trillion 
rand, the JSE is now foe 17fo 
largest exchange in the 
world. The 617 shares listed 
make it foe 13th largest in 
that ranking. 

Last year, foreigners in- 
vested a net 5.3 billion rand 
in JSE equities (compared 
with 4.8 billion rand in 1995) 
and a net 33 billion rand in 
bonds (1.9 billion rand in 
1 995). The rate of investment 
has accelerated dramatically 
this year, to 19.3 billion rand 
on' the JSE and 19.6 billion 
rand on Bondex in late Oc- 
tober. This year, foreign in- 
vestment accounts for 13 
percent of JSE trade and 24 
percent of Bondex trade. 

Outside South Africa, 
Namibia's stock exchange, 
started in 1992, is Africa's 
second-largest exchange by 


market capitalization (S36.9 
billion). Shares listed on the 
JSE, however, make up foe 
bulk of foe NSE’s market 
capitalization, with De Beers 
and Standard Bank account- 
ing for a combined 55 per- 
cent 

With 67 companies on its 
board, compared with foe 
NSE's 31, Zimbabwe has foe 
second-largest number of 
firms listed among SADC 
exchanges, followed by 
Mauritius with 40. 

The most liquid of all the 
SADC exchanges is Bot- 
swana (30 percent), which 
has 12 shares listed, worth 
$493 million. The most il- 
liquid market is Swaziland, 
where foe five firms traded 
$300,000 in the first six 
months of this year. 

Futures markets 
Out of 67 international fu- 
tures and options exchanges, 
Safex is the 26th-largest in 
terms of volume. The 9.3 
million contracts traded in 
1996 represent 4 percent of 
foe trade on foe Chicago 
Board of Trade, the world's 
largest futures exchange. 

Safex 's agricultural mar- 


kets division trades futures 
on beef (introduced in July 
1995), potatoes (October 
1995) and white and yellow 
maize (February 1996). In 
November, futures trade on 
wheat contracts will start, as 
will trade in options on 
maize. No metal contracts 
are offered but this is under 
investigation. Outside South 
Africa, there arc no African 
futures markets. The nearest 
are tea and coffee forward 
contracts in Zimbabwe and 
Kenya. 

Much of foe region’s abil- 
ity to expand its financial 
markets and attract investors 
hinges on foreign-exchange 
controls. This includes South 
Africa, which has adopted a 
phased approach to abolish- 
ing foreign -exchange con- 
trols, starting with the ab- 
olition of foe financial rand 
system in March 1995. Since 
July 1995. financial institu- 
tions have been allowed to 
invest abroad if the invest- 
ment is countered by a for- 
eign investment in South 
-Africa. By May, approvals 
had reached some 40 billion 
rand. 

Simon Segal 


date, which would also be the biggest pri- 
vatization ever for the continent as a whole: 
that of the Zambian Consolidated Copper 
Mines (ZCCM), which analysts value at 
< around S2.2 billion, 

I This must be seen in foe context of es- .. , . 

timates by foe publication Emerging Markets none has so tor been listed on tin. stock 

Investor, which reported in May this year that exchange. , ... 

1 total privatization deals in the Th* ^mth Africin ^vun- 

3 K ment ow ns a huge chunk ot the 

economy, but trade unions that 
tone a political alliance with 
the governing party, the A Incan 
National Congress (A NC 1. fear 
that privatization may destroy 
jobs. Future major privatiza- 
tions may there fine follow the 
Telkom model. 


entire African continent came 
to not more than SI. 7 billion 
last year. The figure could rise 
to $3.5 billion this year, 
however. 

Before nationalization in the 
1960s. ZCCM was the world’s 
fourth -biggest copper produ- 
cer, with production of 
720,000 tons a year. It is now in 
financial difficulties and is in 
12fo place worldwide, with 
production of 327,000 tons last 
year. 

Foreign suitors 

Among foe contenders for a 


to Malawi, 
Sucoma Sugar 
is up for sale, and 
the gov e r nm ent 
t* tasking 
partners for 
various ventures 
of the Press 
potponnon 


Next up for sale 
The next big candidate for pri- 
vatization is South African Air- 
ways. In Malawi, Sucoma Sug- 
ar is up for sale, and the 
government is seeking partner* 
... _ for various ventures of the IVcss 

stake in ZCCM are the Canadian company Corporation, a government-ow ned conglom- 
Noranda Mining and Exploration. South crate with control of companies in most 
Africa’s Anglo American (which started business sectors. 

copper mining in Zambia and was the dom- The Zimbabvyc government has been u*k- 

inant player before nationalization) and ing about privatization, but delay s in .starting 
Phelps Dodge Mining of the United States, foe process seem to some to be Inistraungly 
Parts of ZCCM will probably be allocated long. In Lesotho and Swaziland, each with a 
to each of foe private buyers, and separate gross domestic product of about $1 billion, 
companies could be listed on Zambia's opportunities are more limited. Privatization 
stock exchange, with between 5 percent and opportunities do exist in Namibia and Bot- 
10 percent of the equity going to Zambian swana: Botswana’s small regional airline 
investors. Zambia’s privatized Chilanga Ce- may be put up for sale 
ment was the first company listed on that Kathryn Nankivell-Boyd. a general man- 
country’s newly established stock cx- ager at South Africa's Standard Corporate 
change. and Merchant Bank, says it appeals that the 

Other important Zambian privatization governments of these countries do not feel 
deals include the sale of 70 percent of Zam- much pressure to privatize, as their econ- 



bia Sugar to foe British group Tate & Lyle 
and the Commonwealth Development Cor- 
poration for $50 million, and 70 percent of 
Zambia Oxygen to South Africa's African 
Oxygen for $60 million. 

The biggest privatization in Africa ac- 
tually achieved to date and also the biggest 
single investment in South Africa since 
democratization was the acquisition by the 
U.S. company SBC International and 
Telekom Malaysia of 30 percent of the state- 
owned telecommunications company 
Telkom for $1 .3 billion. 

Some analysts point out that the trans- 
action does not deliver the full benefits of 


omies are relatively health v. 

Privatization has taken place in Mozam- 
bique in the sense that hotel* and other 
businesses confiscated hv the po.>t- indepen- 
dence communist government tone been 
leased by the government to private op- 
erators. More government-owned business 
— involved in activities such as fishing, 
retailing, banking ami tourism max be 
dealt vvith in the same way. 

Angola, whose formerly communist gov - 
emmern is also making* the transition to 
capitalism, hits announced its intention u* 
privatize water-supplv facilities. 

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Continued from page I 

Arkwright estimates has been committed to 
foe Maputo development corridor. Tbis in- 
cludes an aluminum smelter, casinos and 
other tourism projects. He adds that another 
15 billion rand is expected to be approved 
soon, and that total investment could be 10 
times what has already been committed. 

Benefits of cooperation 
Such projections, even if not fully realized, 
dramatically demonstrate the benefits of re- 
gional cooperation in the provision of in- 
frastmeture, both between foe private and 
public sector and between states. 

Transport and telecommunications dom- 
inate BusinessMap s list of infrastructure 
projects. Partnership arrangements in the 
construction of toll roads are becoming the 
aandard mechanism of provision. Outside 
South Africa, most of the region's countries 
have started with cellular telephone projects. 
This is true in Namibia, Tanzania. Zim- 
babwe, Mauritius and Mozambique. 

Other projects that have been implemen- 
ted are Angolas rehabilitation of the 
Bengucla railroad line and a water and san- 
itation project clectricity/gas projects in Tan- 
zania and Zimbabwe and the rebuilding of 
Tanzania’s Mombasa port 

In South Africa, besides foe Maputo cor- 
ndor, another project being implemented is 
the -00 million rand to 300 million rand 


water and sanitation project in Mpumalantza. 
The 2 billion rand upgrading of parts of the 
Johannesburg-Durban road is out io lender 
BusinessMap notes tint there are at least 
Six multistate projects involving govern- 
ments in cooperative ventures; llie South 
Africa-Namibia power line interconnection. 

v*rc infrastructure (South 
Africa and Mozambique!. Africa-One f iller j 
Optic Cable (virtually all iho region’s eoun- A 
mcs). foe Zambezi Toll Bridge \ Zambia and ’ 
Zimbabwe), the Beira corridor road (South 
Africa and Mozambique! and the Maputo 
comdor (South Africa and Mozambique' 
BusinessMap s report notes: "Partnership 
projects in infrastructure are prov mg slow to 
initiate, ami are still viewed vvith some sus- 
picion in many oi the region's economies." 
But. it adds, there is growing acceptance 
about the el fid envies that these partnership 
projects can lead to 

Exposure to market forces is e\|Vcicd to 
encourage a leanness, a meanness and an 
attention to the needs of consumers which 
has in other contexts {veil realized, ** the 
report continues. "A kc\ aiea ol'cllieiciwv i> 
me attention to and careful management of 
risk w hich has become the hallmark of part- 
nership projects. While local gov eminent'- 
are by tlwir nature proiecteil from mans of J 
the risks associated u nh setvice deliveiv. a • 
consortium nfscrx ice prov iders is exposed to 
tliem in all their detail.'' 

Simon .Segal 


\ 

\\ 


\ 











SPONSORED sir | |< )\ 


BSTERNATIONAL HERALD TRIBUNE, MONDAX, NOVEMBER 17, 1997 


m 


S P< ) N SO R l, 1> SIC I I O N 


b 


SOUTHERN AFRICA 


V T 

•'!\ Investment: Now ' 
A Two-Way Street 

As multinationals move into the region, local 
businesses are also reaching across borders. 


I 


he news of Southern 
Africa’s political and 
economic reforms is 
out. It is attracting droves of 
what locals call “LSD” vis- 
itors, that is, those who come 
to look, see and decide on 
whether or not to invest or at 
least set up sales and dis- 
tribution operations. 

Cees Bruggemans, chief 
economist of the South Af- 
rican First National Ranir 
warns potential investors that 
some markets are smaller 
than they may at first ima- 
gine, but that there are good 
returns to be made in selected 
niches. 

The total gross domestic 
product for the 10 Southern 
African countries of Angola, 
Botswana, Lesotho, Malawi, 
Mozambique, Namibia, 
Swaziland, South Africa, 
Zambia and Zimbabwe 
comes, to $157 billion. Per 
capita GDP ranges from 
$3,583 for Botswana and 
$3,323 for South Africa, the 
highest among these coun- 
tries, to $90 for Mozambique. 
These rates are still low com- 
pared with fast-developing 
economies such as Mexico 
($8,690), Malaysia ($9,644) 
and Thailand ($6,801). 

The main conduit 
Most overseas investment 
goes to South Africa. Its in- 
frastructure and banking, 
manufacturing, trading and 
services sectors make it a 
leading business base for the 
region. 

. Black & Veatch, a mul- 
tinational group that designs, 
builds and commissions in- 
frastructure, recently opened 
an office in South Africa. It is 
involved m a water transfer 
project in Botswana using 
glass reinforced plastic pipes 
made in Botswana by the 
U.S. company Owens Com- 
ing at a plant it recently built 
there. Paddy Padmanathan, 


chief executive of Black & 
Veatch Africa, says his com- 
pany is also involved in road 
building in Zambia; projects 
On roads, water and waste' 
disposal in Swaziland; and 
feasibility studies on power 
generation in Zimbabwe and 
Namibia. 

Multinationals recently 
making big direct invest- 
ments into South Africa, 
adding - to existing invest- 
ments or establishing South 
Africa as an African base, 
include IBM, Toyota, Sony, 
Nissan, Coca-Cola, McDon- 
ald’s, BMW, Volkswagen, 
Mercedes-Benz, Ford, 
Bridgestone, Hyatt, Hilton 
International, Daewoo and 
Microsoft. 

Casmyn Coip. of Canada, 
which in 1996 acquired 18 
gold mines in foe Bubi 
Greenstone Belt in Zimbab- 
we, has invested over $30 
million in the development of 
its two main mines. Says 
Amyn S. Dahya, Casmyn ’s 
chairman and chief executive 
officer. “When we came into 
the Bubi area, ft Was relat- 
ively quiet; and foe number 
of job opportunities was lim- 
ited. To dale, we have created 
over 1 ,000 direct and indirect 
jobs, and that figure is ex- 
pected to double over the 
next three years.** 

The Malaysian oil com- 
pany Petronas Iks bought a 30 
percent stake in Engen, a huge 
South African oil company, 
and Dow Chemicals is pur- 
chasing a large local chem- 
icals company, Sentrachem. 

Foreign banking and 
stDckbrokmg groups recently 
setting up shop in South 
Africa include ING Barings, 
HSBC, NatWest, Deutsche 
Morgan Grenfell, SBC War- 
burg; Soci6t6 G6n6rale and 
ABN Amro. 

Projects with foreign in- 
volvement in the region out- 
side South Africa in various 



The ttst test Motes Sound this mortih tom Lesotho’s Kate Dam to Sniff? Africa's GauHng province. 


stages of planning and im- 
plementation include iron 
aid telecommunications in 
Angola; cellular telephony, 
towasm and mining equip- 
ment in Botswana; agribusi- 
ness, tourism, manufacturing 
and mining m Malawi; road 
making, agribusiness, natural 
gas, transport, trade and tour- 
ism in Mozambique; fishing, 
tourism, construction, oil and 
gas in Namibia; agribusiness, 
construction and manufac- 
turing in Swaziland; manu- 
facturing, mining and ag- 
ribusiness in Zambia; and 
agriculture, marnjfactunng 
and mining in Zimbabwe. 

Several international con- 
struction companies are part- 
ners with South African 
companies in consortia 
building the multibillion-dol- 
lar Highlands Water project 
to supply water from Lesotho 
to South Africa. The Korean 
group Hyundai’s plant to as- 
semble up to 60,000 vehicles 
a year is nearing completion 
in Botswana. 

Since foe advent of de- 
mocracy to South Africa, its 
companies have lost no time 
in expanding beyond foe 
country's borders. South Af- 
rican Breweries, foe world’s 
fourth-biggsst beer producer; 
now has breweries in most 
other countries in Southern. 
Africa as well as several oth- 
ers farther north. South Af- 
rican restaurant chains and 
retailers, such as Pep Group 


and Protea Furnishers, are 
implementing expansion 
plans throughout the region. 

The South African-owned 
mining groups Gencor, De 
Beers; Biffiton, Anglo. Amer- 
ican, Goldfields of South 
Africa and Anglovaal are 
prospecting for and mining 

nutttriq . apH Tmtiftralg 

throughout .Africa. Energy 
Africa and South Africa’s gi- 
ant synthetic fuels and chem- 
icals company Sasol are 


searching for oil and gas. 

“Where our customers j 
we go,” says Tony Wrij 
general manager of Standard 
Bank of South Africa’s Af- 
rican banking group, which 
employs abort 4,000 people 
in 14 African countries out- 
side South Africa. His di- 
vision concentrates on 
providing services to corpo- 
rate clients. It is also advising 
African governments on pri- 
vatization. C.VJK. 


Telkom Sale: Template for the Future 


Telkom lies at the center of South Africa’s 
telecommunications industiy. Besides be- 
ing the only licensed bperator of South 
Attica's fixed-tine telephone network, 
Telkom additionally owns half the equity In 
Vodacom, one of its two cellular network 
operators. 

With such a presence. Telkom will remain 
the determinant of investment activity in the 
telecommunications sector over the next 
few years. Even the granting of any third 
cellular phone license, while still a sizable 
potential investment, will be small com- 
pared to Telkom's massive investment 
plans and the opportunities this presents to 
suppliers and other contractors. 

30 percent stake 

In a consortium called Thintana Commu- 
nications, the U.S.-based SBC Communi- 
cations and Telekom Malaysia in April paid 
$757 million and $500 million for their 
respective 18 percent and 12 percent 
stakes in Telkom. These are the two largest 
foreign investments in South Africa since 
the national elections of 1994. Perhaps of 
greater .significance Is the management ex- 
pertise and technology that accompanies 
the 30 percent stake. 

Of the total $1.27 billion tab, $260 mil- 
lion goes to the government to retire some 
of Its debt The remaining Si billion will be 


used to finance Telkom’s Vision 2000 proj- 
ect which, at a revised estimated cost of 53 
billion rand ($ 10-2 billion), aims to install 
2.8 million lines and 120,000 pay phones 
as well as upgrade 1.2 million lines over the 
next five years. 

Telkom retains its fixecHine monopoly 
over this period, with an option to extend it 
another year. Thereafter, it could well be 
listed on the Johannesburg Stock Ex- 
change. 

Investing In human resources 

This capital expenditure program calls for 
2.3 billion rand to be spent on training and 
human-resource development focusing on 
the empowerment of blacks. A further 10 
percent of the equity of Telkom — valued at 
1.86 billion rand at the time of the deal — is 
also to be earmarked for black empower- 
ment 

Telkom's partial privatization establishes 
Important parameters for future sales of 
South Africa's state assets. In particular, 
the deal adheres to the government's policy 
of granting high priority to three specific 
areas when selling state assets: the re- 
demption of state debt, the recapitalization 
of public enterprises and the broadening of 
economic participation. In Its 1996-97 fi- 
nancial year, Telkom’s attributable profit 
rose 61 percent, to 1.9 billion rand. &S. 


Participating in the Renaissance of a Region 


Centbiuad tram page I 

reserves of ite members have 
strengthened. This ranges be- 
tween about 40 months of 
import cover for Botswana to 
about eight weeks for South 
Africa. 

- While double-digit infla- 
tion was previously foe norm 
in the region, more than half 
of foe SADC countries had 
inflation of less than 10 per- 
cent in 1996. Indications are 
that inflatio n has declined 
further. South Africa’s infla- 
tion is expected to fell below 
7 percent next year. With the 
exception of Zimbabwe and 
Swaziland, SADC countries 
had government budget def- 
icits of less than 6 potent of 
their gross domestic products 
in 1995. 


The normalization of re- 
lations between countries in 
the region since South 
Africa’s transition to democ- 
racy has had economic ben- 
efits. First, South Africa has 
been admitted into die SADC 

— a turnaround, since the 
predecessor of foe SADC 
was originally formed by 
countries in the region as a 
self-defensive bloc against 
South Africa. 

- South Africa’s member- 
ship in foe SADC and its full 
participation in the economy 
of foe region is essential 
South Africa’s gross domes- 
tic product for 1996 of $126 
billion is equal to four-fifths 
of foe total GDP of foe 
SADC countries: Angola, 
Botswana, Lesotho, Malawi, 
Mozambique, Namibia, 


Swaziland, South Africa, 
Zambia, Zimbabwe, Tan- 
zania and Mauritius. 

South Africa has a relat- 
ively well-developed infra- 
structure and world-class 
business skills in some sec- 
tors. South Africans’ famili- 
arity with African conditions 
often enables their busi- 
nesses to operate more ef- 
fectively in foe region than 
developed-country multina- 
tionals. The Zambia Invest- 
ment Center reports that 
South Africa has pledged 
total investment in Zambia of 
$180 million, overtaking the 
United Kingdom, which has 
total pledged investments of 
$123 million. 

South African businesses 
that are setting up shop in foe 
region mil help to spread 


needed skills in mining, ag- 
riculture, beer brewing, busi- 
ness management, medical 
and veterinary services, road 
building, bardring, retailing, 
transport and electricity gen- 
eration. South Africa’s sea- 
ports and its road and rail 
infrastructure link six land- 
locked countries in the region 
to foe outside world (Leso- 
tho, Swaziland, Botswana, 
Zimbabwe, Zambia and 
Malawi). 

With foe demise of sanc- 
tions agains t South Africa, 
these links can now be used 
fully, with a consequent re- 
duction in foe costs of trade. 
Other links to foe ocean 
through Angola and Mozam- 
bique can also be restored 
now that foe civil wars in 
these countries have ended. 


Namibia is increasing foe ca- 
pacity of its deepwater port 
ofWalvis Bay, which will be 
linked by foe Trans-Kalahari 
highway through Botswana 
to Johannesburg in South 
Africa and by another high- 
way to Zambia. 

“It remains to be seen 
whether many African na- 
tions will succeed in their 
bold experiment to combine 
democratization and eco- 
nomic reform,” said Susan 
Rice in her swearing-in 
speech as foe U.S. assistant 
secretary of state for Africa 
last month. All that can be 
said is that conditions in 
Southern Africa for realizing 
Mr. Mbeki’s African renais- 
sance have never been more 
favorable. ■ 

Curt von Keyserlingk 




TO FIND THE 


AFRICAN 
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AND STICK A PIN IN 


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W e're merely pointing 
out the obvious ad- 
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proven track record all 
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y n South Africa, 

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blue chip performer, 
looking back on -ninety 
five years of growth. 

^ * et at the same time, our 
Y activities span several 
continents. From North 
America, through Europe, South 
East Asia, japan, down into Australia 
and of course, across Africa 



What's more, two of our eight divisions 
are head-quartered in the US and UK. 

P resently, one third of our 
employees are based inter- 
nationally, predominantly 
in North America and 
- Europe. And the transfer 
of expertise beyond 
national borders and 
across cultural divides 
has never been easier. 
In fact, our international 
operations now account 
for one third of our total 
turnover. 

W hich means our investors 
enjoy the rewards of a 
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e 

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, • about Barlows and our plans far further growth, please contact usi 

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^ e: 27 E-mail: barlowpr®iafrica.com 


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if you're serious about investing in an African partnership in the energy industry, 
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Partnership for Growth. 




IV 


SPONSORED M < I ION 


I>TER\4110NAL HERALD TRIBUNE, MONDAY NOVEMBER 17, 1997 


SOUTHERN AFRICA 


SPONSOR! .0 SIX i ION 


Tourism: The Great Uncharted Territory 

Southern Africa has one of the most underdeveloped potentials for tourism in the world. 


T he governments of 
several Southern 
Africa Development 
Community countries are be- 
ginning to realize that tour- 
ism could be a savior of their 
economies. While basic tour- 
ism attractions exist, in many 
cases facilities to permit their 
enjoyment by sophisticated 
customers are lacking. 

Governments are devis- 
ing, and in some cases im- 
plementing, plans to exploit 
these natural resources. This 
is providing investment op- 
portunities for operators 
from all sectors of the tour- 
ism and transport industry. 

Tourism to Namibia and 
Zimbabwe is surging at 
present, say travel agents and 
transport operators. The un- 
spoiled natural beauty and 
the vast game parks of both 
countries were die almost ex- 
clusive preserve of well- 
heeled minorities in the re- 
gion before Zimbabwe's in- 
dependence from Britain in 
1980 and Namibia's inde- 
pendence from South Africa 
in 1989. 

The number of foreign 
visitors to both countries 
started to pick up after in- 
dependence, but then came 
South Africa's first demo- 
cratic elections in April 1994, 
which captured the attention 
of the world. Namibia's tour- 


ism growth marked time. In- 
ternational interest in South 
Africa and its politics was at a 
peak, and the self-enforced 
boycott by many foreigners 
of all things South African 
was lilted. 

Leaps and bounds 
After decades of stagnation, 
overseas arrivals of foreign 
tourists in South Africa in- 
creased during that year by 


1 . 1 million, in 1 995, and by 9 
percent, to 1.2 million, in 
1996. The most recent fig- 
ures available show that for- 
eign tourists arriving by air in 
South Africa for the months 
January through August this 
year to be 17 percent higher 
than die figure for die cor- 
responding period last yean 
Arrivals m the month of 
August this year were, 
however, lower than m Au- 
14 percent, to 704,630. Ar- * gust last year; and the drop- 
rivals grew by 52 percent, to off appears to have continued 


since then. An executive of change earnings of 23 billion 
Unitrans, one of South rand (S4:8 billion). This 


Africa's largest road trans- 
port operators, 1 says it is 
partly because South Africa's 
political novelty is wearing 
off arid more conventional 
tourist attractions are regain- 
ing popularity. 

Palio Jordan, South 
Africa’s minister of tourism, 
has set a target of 2 2 million 
foreign tourists for the year 
2000. It is hoped that they 
will generate foreign -ex- 



Vls&ors iate inZbnbabwe's Victoria FaBs from the vantage of Danger Point. 


would make tourism South 
Africa’s greatest single 
earner of foreign exchange. 

Mr. Jordan’s target ap- 
pears ambitious to some, but 
to urism worldwide is the 
world's biggest single earner 
of foreign exchange, and 
South and Southern Africa 
have some of the world's 
leading tourism attractions. 

The South African Tour- 
ism Board (Saiour) states that 
tourism accounted for about 
10 percent of die world's 
gross national product in 
1996, but that the compa- 
rable figure for South Africa 
was about 3.6 percent The 
figures for other Southern 
African countries are for die 
most part even further our of 
line with world trends. 

A positive sign for tourism 
is that die South African gov- 
ernment recently secured the 
services of one of die coun- 
try's most prominent indus- 
trialists, Meyer Kahn, as 
chief executive of the coun- 
try's national police force for 
two years. Mr. Kahn is a no- 
nonsense manager who also 
& happens to preside over a 
| cham of hotels and tourism 
s resorts in die region. He has 
| every reason to make a suc- 
i cess of his assignment to im- 
prove law enforcement. 



i South Attica’s Kruger National P*K kt the mot TransvaaL 


The region has a stunning 
array of tourist delights: 
pristine beaches, snowy 
mountains, steamy jungles, 
thundering waterfalls, end- 
less savannas, mysterious 
deserts and continental urban 
sophistication, not to men- 
tion Africa's wildlife. Some 
Southern African nature re- 
serves are bigger than small 
countries, and although their 
wildlife has been well cared 
for, their tourism potential 
has been neglected. 

It takes some time to 
change old mindsets, but 
some imaginative projects 
have been completed or arc 


on the drawing boards to ex- 
ploit the region's natural re- 
sources without exhausting 
them. 

By raft, bike and ski 
Apart from conventional 
sightseeing and game-spot- 
ting, visitors may chose from 
a wide range of activities, 
including one of the highest 
bungee-jumps in the world 
against the backdrop of the 
awesome Victoria Falls, 
whitewater rafting on the 
Zambesi River, windsurfing 
die tradewinds and surf of 
Blouberg. sailing on the in- 
land sea of Lake Malawi, 


cruising the wuterw ays of the 
Okavango Delta in a nirdnm 
dugout canoe, pony trekking 
t! trough the mountains of 
Lesotho, hiking in the Fish 
River Canyon, deep-sea fish- 
ing off the Namibian coast, 
snow skiing on Ben 
Macdhui, scuba doing 
among the coral reefs of kosi 
Bay. hang gliding from the 
Magaliesberg mountains, 
surfing the waves a! J Bay. 
mountain biking through the 
Knysna forests or rock 
climbing and exploring tor 
Bushman paintings in the 
mighty Drakensberg. 

C,\.K. 


Southern Africa 
Trade ft 
Investment 
Summit 


Botswana, November 18-19, 1997 

The International Herald Tribune would 
like to thank the sponsors for their 
generous support 


Summit Sponsors 


BLACK & VEATCH 




o 


BOTSWANA DEVELOPMENT CORPORATION LIMITED 





\ 

: !,l 




Y 

ri 

[= 


SINCE 1955 


BOTSWANA TELECOMMUNICATIONS CORPORATION 



Official Courier ff§R§X 


Summit Convenor 


international g*# ♦ 



rvauntED with the ttwK times at® ws washwchw post 

the WORLD’S DAIIY NEWSPAPER 


Trade and Investment Summit 


Business and political leaders wiU gain 
insist into the extraordinary charges in the 
Southern Africa region at the Trade and 
Investment Summit convened by the In- 
ternational Herald Tribune in Gaborone, toe 
capital of Botswana, on Nov. 18 and 19. 

Attended by no fewer than six heads of 
state from the region, the conference wifi 
feature as speakers leading busi- 
nesspeople who are already active in toe 
region, cabinet ministers, diplomats and 
civil servants. 

The keynote address will be delivered by 
President Ketumife Masire of toe Republic 
of Botswana. Other speakers include Nico 
Czypionka, group economist at Standard 
Bank of South Africa; Hairs Mbuende, ex- 
ecutive secretary of the SADC; Christo 
Wiese, a South African baking and retailing 
tycoon: Bryan Lemar. general manager of 
the U.S.-owned Owens Coming; and 
Valentine Chitaiu. chief executive officer of 
the Zambia Privatization Agency. 

Also at toe rostrum will be Derek 


Hanekom. minister of agriculture m South 
Africa; Francis Yeoh, managing director ot 
YTL Corporation Serhad of Malaysia; and 
Almorie Maule. general manager of stra- 
tegic initiatives at Erigen. 

Lord Steel of Aikwood. formerly loader cf 
the Liberal Party of Britain, will speak on 
building business confidence m the region 
Eduardo Animat, minister of finance in 
Chile. wiH speak on lessons tor Southern 
Africa from Chile’s economic success. John 
Battle. Britain's minister for science, energy 
and industry, and Sally Miller, director ot too 
Africa office in toe U.S. Department of Com- 
merce! will speak on increasing interregion- 
al trade and investment. 

Discussion sessions on the future of 
SADC will be held between delegates and 
the presidents of Zambia, Mozambique. 
Botswana, Zimbabwe and Namibia. Other 
discussion sessions on mining, manutac- 
turing and tourism will be held with senior 
executives from these industries in toe re- 
gion. C.V.K. 


Co-Development Projects 

South Afiica is pursuing cross-border energy and transport plans. 


S outh Africa's state-owned Industrial 
Development Corporation is breaking 
with tradition to back massive projects 
in neighboring countries. On this score, it has 
been accused by some of neglecting die 
principle that charity begins at home, but the 
IDC’s chief executive officer. Khaya Ngqula, 
points out “Our projects in neighboring 
countries are there because they make eco- 
nomic sense." 

The biggest is die Mozal project, in which 
the IDC and South Africa's multinational 
minerals giant Billiton propose to erect a 
$1.12 billion state-of-the-art aluminum 
smelter in Mozambique. Its entire production 
would be exported, and its production costs 
would be among the lowest in the world. 

- The IDC and Billiton are prepared to each 
put up 25 percent of the financing, and they 
are looking for international partners to 
provide the rest Billiton already operates one 
of toe world’s biggest and most modem 
aluminum plants in South Africa. 

Larger applications 

Electric power is a major cost of aluminum 
production. The project would help justify 
expansion of Mozambique's hydroelectricity 
production for die benefit of the economy as 
a whole. 

Another IDC project involves using mag- 
netite from South Africa and natural gas from 
Mozambique to produce steel at a plant near 
the port of Maputo, Mozambique. The mag- 
netite comes from a large South African 
copper mine not far from the Mozambique 
bonder, but it has not been bencficiated into 
steel for want of a suitably priced feel. This is 
now available following the recent discovery 
of Mozambique’s Pande gas field. 

The IDC is currently investigating the best 
way to transport the magnetite to Mozam- 
bique without disturbing the environment 
around South Africa’s famous Kruger Na- 
tional Game Park. Preliminary agreements 
ot the supply of gas have been signed with 
me multinational group Enron, and a final 
decision to proceed is expected before the 
end of the year. 

The IDC is studying projects for fertilizer 
proOTction in Mozambique, iron and steel in 
Zimbabwe, agribusinesses in Namibia and 
various small business initiatives in Leso- 
tho. 

Unking coasts by road 
South Africa shares borders with six South- 
ern African countries, four of them land- 
locked. This makes the good transport links 


between South Africa and its neighbor es- 
sential for the region's economic health. 

Rail connections arc good, but two am- 
bitious road projects will for the firsi time 
provide a direct all-weather highway to link 
the Atlantic and Indian Ocean coasts of 
Southern Africa. 

The Trans-Kalahari Highway, now more 
than halfway complete, begins at Namibia's 
deepwater port of Walvis Bay on the Atlantic 
Ocean and proceeds eastward across Nam- 
ibia and through the Kalahari desert in Bot- 
swana before joining existing roods in South 
Africa that lead to Johannesburg. 

Carg o off-l oaded in Walvis Bay from ships 
arriving from Europe and the .Americas will 
reach Johannesburg days earlier than if it 
were off-loaded in South African ports 
farther south, as is the case now. 

The benefits of this are obvious. js are 
those of bringing a highway to regions pre- 
viously deprived of good roads. Johannes- 
burg already has good road links to the Indian 
Ocean port of Maputo in die cast, but they are 
becoming crowded. The growing traffic jus- 
tifies toe so-called Maputo Corridor, a new 
toll highway to be surrounded by a ribbon of 
industrial development It is one of the coun- 
try's biggest capital projects now being 
tackled 

The highways are expected to help in- 
tegrate the economics of the four countries 
involved, as well as to provide better access 
to seaports for other countries in the region. 

Power sharing 

Otoer examples of cooperation include elec- 
tncity supply agreements that will allow 
utilization of the region's generation capacity 
to be optimally utilized across bordens and a 
new initiative to establish a regional settlmu 
{S'®®* P*. totter project is supported hv the 
World Bank on the grounds that it wilfnru- 

mntft rraiHf tvltk;*. .i : * 



« bvh^> vi 1 1 minims 

southern Africa and Mauritius, the Indw 
Ocean island state. The SADOV total poi 
ulation is 1 50 million. Its members signed 
protocol last year to form a free-trade an 
witom the next eight years. Busincsspeop 
welcome it but they point out tont it took !l 
European Union some 40 years to achieve 
common external tariff structure. They ah 
caution that effective control of all points i 
22?' 1 SADC region is needled i 

KS u, ' 8lwi '™“ h,t 

cv;* 




r 



BUSINESS/FINANCE 


MONDAY, NOVEMBER 17, 1997 


PAGE 13 



AIR CANADA 

a Breath of Fresh Air 


CYBERSCAPE 


i\ , 



i> 


The Computer World 
Comes to Las Vegas 

Comdex: A Look at the Latest Gadgets 


By Paul Floren 

truer nut tuna! Herald Tribune 


LAS VEGAS — The world’s 
largest computer show, Comdex 97, 
opens here Monday far a five-day 
flurry of new computer hardware, 
Windows products, networking tools 
and lnreraet applications. 

The show this year includes more 
than 2.100 exhibitors parading 

10.000 new products for an expected 

215.000 attendees from 40 countries, 
and these are some of the products 
expected to attract attention. 

• Microsoft Corp. hopes the mar- 
ket for its Windows CE software will 
grow as a host of second-generation 
devices based on the newest version 
of its operating system for small 
devices is unveiled. A number of 
companies are introduce ^ 
devices based on Windows 

By this time next year, Mi- 
crosoft hopes to expand the 
operating system’s reach to 
devices that would allow 
users to surf the Internet with 
their television sets, officials 
at the company say. The 


actively screen for pornographic ma- 
terial, predatory activity and illegal 
attempts to gain access to proprietary 
and confidential information by un- 
authorized users. 

These programs can actively 
screen browsers, e-mail, word 'pro- 
cessors, spreadsheets and chat rooms 
for inappropriate discussions or ac- 
cess to information that is against 
corporate computing and language 
policies. 

Many companies say they have se- 
rious problems with employees mis- 
using their corporate network and In- 
ternet connections. Twenty-eight 
percent of companies say they have 
problems with improper use of the 
Internet (sach as downloading por- 
nographic material), 18 percent repeat 


le 


problems with internal theft or fraud, 
13P 


2 . 0 . 



company is also reportedly 

ta Enterprises Ltd. 


working with Sega 
on a CE-based game machine. 

Hewlett-Packard Co. and Philips 
NV last week rushed out new and 
slightly souped-up versions of their 
hand-held computers featuring CE 
2.0. For Comdex, several other major 
players, including Casio Computer 
Co., Hitachi Ltd., NEC Corp. and 
Sharp Corp.. are also expected to 
showcase new CE mobile devices. 
For such companies as NEC and Hita- 
chi, expanding the Windows CE mar- 
ket is crucial: Both companies also 
supply the processors behind most of 
the CE devices on the market. 

• Novell Corp. will be showing off 
the latest in networking software. 
Novell has created the world’s largest 
live single-directory network featur- 
ing more than 250 terminals 
throughout the Comdex exhibit 
floors. Every attendee will have then- 
own Comdex user account. Access is 
easy, instantaneous and should prove 
indispensable for all attendees for 
scheduling and messaging purposes. 

For those who want to get some 
work done after show hours or before 


3 percent complain of problems with 
breaches of network security, and 5 
percent say they have prob- 
lems with threatening beha- 
internet vior, according to a survey by 
Security Software Systems. 

• Sony Corp. is once 
_ again displaying the latest in 

it optical disk storage. Last 

year, it was the Digital Video 
Disk, or DVD, CD-ROM drive. This 
year, Sony says it has developed a 
high-capacity optical disk that can 
record pictures and sounds for four 
and half hours on a single side. The 
product, which uses a disk as big as a 
normal CD, can be erased and reused 
and stores 12 gigabytes of data on one 
side, 17 times as much as conven- 
tional CDs can. A gigabyte is one 
thousand megabytes. 

Sony is developing a recorder for 
the optical disk, and hopes to com- 
mercialize the product by 2000. The 
optical disk is not compatible with 
digital video disks. 

• Am acorn Technologies PLC 
brings us one step closer to a world 
without cables. The British company 
is presenting a product called the flip- 
disk, which it says is the first truly 
portable hard drive on the market 
Barely larger than an audio cassette 
tape, it has a capacity of 6 gigabytes. 
Copy the files you need for the road. 



tat ft Fcmn/Agcacr frmcc ftr-v 

AIR SHOW — The Eurofigbter, a joint project of Britain, Germany, Italy and Spain, on display Sunday 
in Dubai, United Arab Emirates, where it is competing for a contract with the F-16 and the Rafale. 


Seoul Holds 
To Plan on 
Reform Bill 


Central Bank Employees 
Keep Up Their Protests 


By Don Kirk 


Special la the Herald Tribune 


SEOUL — Government officials 
said Sunday they were determined to 
pass a package of financial reform mea- 
sures despite the strenuous opposition 


of central bank employees. 
The governing New Kore 


Airbus’s Orders Fly to a Record High 


andleaye your portable behind. 

: has a card that unfolds 


the show floor opens — access is just 


szsju 

as easy. Through a special dial-up 


Ihefiipdiskl 
and plugs directly into any portable, 
doing away with connecting cables. 
The flipdisk takes its power directly 
the c 


service, you can access e-mail and the 
Web. and even scan event calendars 
for show information and news, right 
from your hotel room. 

• Security Software Systems Inc. 
claims that its two new programs will 
put a stop to employee abkse of cor- 
porate networks once and for all. Cy- 
ber Sentinel for single users; and Sen- 
tinel One System for networks. 


from the portable, criminating die 
need for an external power source or 
power cables. The product will be 
available next month for S575. Its data 
transfer speeds and access speeds are 
as last as internal hard drive speeds. 

Internal address: CyberScape@- 
iht.com 


Recent technology articles: 
www.iht.comIlHTITECHI 


Bloomberg News 

TOULOUSE, France — Only once in 
its 28-year history — in 1994 — has 
Airbus Industrie sold more planes than 
its arch-rival Boeing Co. Even Airbus 
executives admit that that victory was 
meaningless, coming in the industry’s 
worst sales year in decades. 

Now, the European upstart is within 
reach of repeating its feat This time, with 
industry sales booming, victory would 
be impossible to write off as just luck. 

Airbus’s new orders are outpacing 
Boeing’s by 425 to 415 with only six 
weeks left in 1997 — the best year ever 
for the consortium. As a result. Airbus’s 
goal of a consistent 50 percent market 
share by early in the next decade seems 
plausible for the first time. 


“It’s clearly been a great year for 
cMullan, 


Airbus,’’ said Keith McMullan, man- 
aging director of the London-based con- 
sultancy Aviation Economics. 

Boeing representatives declined to 
not discuss the European lead. “We're 
focusing on our business, not theirs.’’ a 
spokeswoman, Janice Hayes, said. 

Winning the order championship in a 
banner year carries psychological weight 
for Airbus, which still suffers from a 
stigma among conservative airlines. 

First place would also help Airbus tap 
capital markets for future projects as it 
loses government funding, and a greater 
market share would cut the consortium’s 
costs. Nick C unningham, an analyst at 
Salomon Brothers in London, said. 

As the end of the year approaches. 


industry executives say both Boeing and 
Airbus are negotiating furiously to win 
airline orders and become No. 1. Some 
say both companies are “stockpiling" 
orders to announce them as late-Decem- 
ber surprises. 

Whoever wins the title. Airbus is 
having a banner year during a time of 
costly production delays for its rival. 
Boeing is having trouble replacing 
workers it laid off during the doldrums 
of the early 1990s, while Airbus as- 
sembly lines are bumming. European 
labor laws make layoffs difficult, pen- 
alizing Airbus in lean times but keeping 
teams intact for fat years. 

Nevertheless, Boeing remains a for- 
midable competitor with a firm grip on 
the U.S. market, the world’s largest 


Germans , in Switch, Support the Euro 


By John Schmid 

International Herald Tribune 


FRANKFURT — Two new opinion 
polls suggest that German opponents of 
European currency union recently have 
shrunk to a minority. 

According to the weekly news- 
magazine Focus, which published the 
surveys, the new single currency, the 
euro, has won converts. 

A poll by the mainstream Allensbach 
Institute found that 55 percent of Ger- 
mans supported the euro and 45 percent 
I it That marked a reversal from 


another Allensbach poll in May, when 
only 21* percent voiced support and 52 
percent opposed it 
Chancellor Helmut Kohl’s govern- 
ment commissioned the poll by Allens- 
bach, one of Germany’s oldest and 
biggest polling agencies. Although of- 
ficially independent, Allensbach histor- 
ically has been seen as supportive of the 
center-right Christian Democratic Un- 
ion headed by Mr. KohL 
A separate poll of 3,500 Germans by 
the Bonn-based Konrad Adenauer 
Foundation, which has direct ties to the 
Christian Democrats, found opposition 


to the project falling to 45 percent from 
63 percent a year ago. Focus reported in 
an article released ahead of its pub- 
lication Monday. The Adenauer Foun- 
dation also found that 90 percent of the 
respondents were convinced that mon- 
etary union would occur. 

“The breakthrough to acceptance has 
come," the Adenauer Foundation’s 
chairman, Guenter Rinsche. said. 

Mr. Rinsche attributed the change toa 
growing view that the euro has a chance 
to be as sturdy as the Deutsche mark, the 
symbol of Germany’s postwar econom- 
ic miracle. 


Korea Party said 
it believed it had the votes to get the 
package of 13 bills through the national 
assembly by Monday or Tuesday de- 
spite nonstop demonstrations by em- 
ployees of Bank of Korea. 

"The government will announce 
measures on bad debts." said Kim Jung 
11, counselor to Kang Kyong Shik, the 
deputy prime minister and finance min- 
ister responsible for the reforms. “We 
, need to do something on the banks. 
These measures will provide an insti- 
tutional setup within which the gov- 
ernment can act." 

More than 1,000 Bank of Korea 
workers demonstrated for the third day 
Sunday, charging the reform effort 
would strip the bank of its powers. 

The bank employees pledged to 
launch a mass protest strike if Parlia- 
ment passed the reform bills. 

The centerpiece of the program is a 
plan to establish a single agency to 
supervise all financial transactions, 
ranging from banking to securities to 
insurance. 

The government has blamed the over- 
lapping roles of the three existing 
watchdog bodies for aggravating South 
Korea’s current financial turmoil, 
which was deepened by a string of cor- 
porate insolvencies and the won's slide 
against the U.S. dollar. 

But the central bank union and many 
economists have accused the government 
of seeking to tighten its control under the 
pretext of market stabilization. 

The government has linked the finan- 
cial-reform measures to a “stabilization 
program" that it says it will present by 
Tuesday to hold the won to a level of no 
lower than 1 .000 to the dollar. 

Foreign bankers welcomed the gov- 
ernment's moves to shore up its econ- ; 
omy as long overdue. ! 

“They should have afinancial reform 
bill which will address excessive in- ‘ 
vestment and excessive borrowing," ■ 
said Alain Beilis ard, president of the ' 
European Chamber of Commerce and « 
manager of the Societe General branch * 
here. "They have offered a reform bill . 
which will show the right and funda- ■ 
mental issues are being addressed." 

A sign that the reforms may be - 
delayed, however, was that the plan . 
does not call for restructuring financial - 
institutions until April The government ; 
wants to wait until then, a spokesman 1 
said, to be sure that financial stability 
has returned to the stock market as a 
result of the reform bills. 


Trans- Atlantic Traders Try to Set Common Rules 


By John Tagliabue 

New York Times Sen-ire 


ROME — The heads of 
some of the world's largest 
uremakers, including Good- 
year Tire & Rubber Co., 
Pirelli SpA and Michelin. sat 
together last week in a Rome 
hotel to talk tires. 

Antitrust officials might 
k have suspected the executives 
‘ of setting prices for, say, next 
season's radiais. But they 
were here at the behest of 
political leaders in Europe and 
the United States, who are ask- 
ing business leaders on both 
sides of the Atlantic to come 
up with suggestions, for in- 
creasing the $2 trillion volume 
of trans-Atlantic trade. 

The tire chiefs were among 
70 or so corporate leaders, 
usually bitter rivals, who met 


with U.S. and European Union 
officials for two days to find 
areas of agreement. It was the 
third round of Trans-Atlantic 
Business Dialogue talks, after 
meetings in Spain in 1995 and 
Chicago last year. 

The message that has 
emerged is startling in its sim- 
plicity: Trans- Atlan tic tariffs, 
which average about 3 percent, 
are no real barrier to increased 
commerce; the true culprit is 
the vast array of regulations on 
both shies of the ocean cov- 
ering everything from health 
and automotive safety to en- 
vironmental protection. 

The goal here is to eliminate 
duplicate regulations, cutting 
costs to businesses and, even- 
tually, to consumers and firing 
up trans-Atlantic trade. The 
primary tools will be “mutual 
recognition agreements” un- 


der which a product or a fac- 
tory that passes regulatory 
muster on one side of the At- 
lantic should automatically be 
accepted on the other. 

Thus, if the Food and Drug 
Administration approves a 
drug for use in the United 
States, the drug would ordin- 


arily be allowed in Europe, 
' stry the 


CURRENCY RATES 


saving tire drug industry 
time and expense of going 
through two approval pro- 
cesses. “Reports from Europe 
will be sent to the FDA, with 
the right, of course, to reject 
them,” said Sidney TaureL 
president of Eli Lilly Co. 

Some would argue that du- 
plicate testing provides valu- 
able protection against drugs 
such as thalidomide, which 
caused birth defects, and which 
the U.S. agency balked at ap- 
proving in 1960 even after 
other nations had approved ft. 
Bat the 'drugmakers’ point is 
that if testing is to be identical 


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duplication is senseless. 


part, die efforts parallel 
the striving in various indus- 
tries to reach universally ac- 
cepted standards. In Geneva, 


for instance, representatives of 
most automakers are working 
on a set of global standards for 
automobile manufacturing. 
But the mutual-recognition 
agreements go a step further. 

Dana Mead, chairman of 
Tenneco Inc. and an organizer 
of this year’s talks, said a big 
accomplishment came in June, 
when the United States and the 
EU ratified mutual-recogni- 
tion agreements in five areas, 
including pharmaceuticals, 
medical devices and electro- 
magnetic equipment The 
pacts, he said, were the “most 
concrete results" of corporate 
discussions with government 

If the agreements work out 
after a three-year transition 
period, they are expected to 
eliminate millio ns of dollars’ 
wrath of duplicate testing and 
approval procedures and speed 
products’ arrival on the mar- 
ket This year, corporate lead- 
os talked about uniform stan- 
dards for taxation, investment 
and the prosecution of busi- 
ness corruption and bribery. 

But even the most ardent 
proponents of the approach 


say theirs is a tough task. 

The 15-nation European 
Union continues to have a 
highly decentralized regulat- 
ory system, with broad dif- 
ferences in effectiveness 
among member states. In 
pharmaceuticals, for in- 
stance, the London-based 
European Medicines Evalu- 
ation Agency, established in 
1995, remains in its infancy. 

In the United States, ad- 
herence to international stan- 
dards can be complicated by 
independent legislative ac- 
tion. While most U.S. makers 
of industrial fasteners, 
devices that bold anything 
from an automobile fuel line 
to the wing of a jetliner, are 
subject to international stan- 
dards, separate legislation on 
fastener safety, to take effect 
in May, will require addition- 
al testing and certification of 
European manufacturers. 

“This will cost money and 
take time,” said Frederic 
Roure, chairman of GFl-In- 
dustries, a French fastener 
maker, and head of the Euro- 
pean industry association. 


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Bloomberg News 

HONG KONG — Zurich Group said Sun- 
day it would buy a 24.1 percent stake in the 
investment bank Peregrine Investments Hold- 
ings Ltd. for S200 million. 

The transaction values Peregrine at S830 
million, a 9.8 percent premium to its closi 
price Friday of 6.80 Hong Kong dollars 
U.S. cents) a share. 

Zurich Group’s investment comes less than 
a month after Peregrine — one of Asia’s 
biggest investment banks outside Japan — 
disclosed a slump in related to the slide in 
Asia's financial markets. 

The transaction is the latest in a series of 
high-profile purchases by Zurich Group. Last 
month the company said il would buy the 
financial-services unit of Britain’s BAT In- 
dustries PLC for stock and S2.I billion in cash. 
Four months ago, Zurich announced it would 


acquire the U.S. money manager Scudder, 
Stevens & Clark Inc. for $1.7 billion in cash 
and stock. Last year, Zurich completed its $2 
billion purchase of Kemper Corp., a U.S. life- 
insurance and asset-management company. 

On Nov. 1, the Japanese Bond Research 
Institute, Japan’s laigesl credit-rating com- 
pany, placed Peregrine’s credit rating on re- 
view with “negative implications” saying it 
faced “pressure on its financial strength” 
because of die turmoil in Asian markets. 

Philip Tose, chairman of Peregrine, said, 
‘This investment not only strengthens our 
substantial capital base but also deepens our 
relationship with a well-respected multina- 
tional company that brings to Peregrine ex- 
tensive financial-services knowledge and 
technical expertise.” 

Last month, Mr. Tose said Peregrine was 
not in negotiations with any other parties. 


James Bond 

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INTERNATIONAL IIKKAI.il TRIBUNE, MONDAY, NOVEMBER 17, IW7 


Overcapacity: A Domino Effect on Global Economies 


» Louis Uchi telle 

^ Ne *' Y(,r * Times Service 

NEW YORK — President Bill 
Clinton s failure last week to per- 
suade Congress to give him freedom 

to negotiate trade deals reflected 
skepticism among Americans about 
the benefits of a global economy — 
not only free trade but also an entire 
system that allows money, factories 
ana jobs to move anywhere 
Domestic politics, of course, 
played a big role in the president’s 
decision to retreat when he failed to 
muster enough votes. 

But the skepticism is not limited 
to politicians jockeying for the next 
election or union officials charging 
that jobs are leaving the country 
The worriers are often the same 
business executives and internation- 
al investors who built today's global 
economy and now fear that it might 
. backfire. ° 

There is something to worry 
about. The Asian financial turmoil 
\ may be the first stage of adeveloping 
\ worldwide crisis driven mainly by a 
phenomenon called overcapacity: 


the tendency of the unfettered global 
economy to produce more cars, toys, 
shoes, airplanes, steel, paper, ap- 
pliances, film, clothing and electron- 
ic devices than people will buy at 
prevailing prices. ‘ 

"There is excess global capacity 
in almost every industry,” Jack ' 
Welch, chairman of General Elec- 
tric Co., said recently. 

The problem arises because the 
global economy tends to make busi- 
nesses build too many factories. Al- 
lied Signal Inc., for example, a mul- 
tinational corporation based in New 
Jersey, built a polyester plant in 
France in 1 993 and expanded it last 
year. The polyester, used in nylon 
carpets and tire cords, is sold in 
France and shipped across open bor- 
ders to customers everywhere in the 
region. 

But a group in South Korea, an 
emerging industrial nation seeking 
to be a big player in many major 
industries, opened a polyester plant 
there recently. Taking advantage of 
open borders, the South Koreans are 
shipping their polyester into Europe 
and elsewhere, grabbing customers 


and market share by offering lower 
prices. The customers, offered more 
polyester ihan they need, have en- 
couraged a price war. 

Price wars, up to a point, are good 
for consumers. The inflation rate in 
die United Slates has fallen in part 
because of global overcapacity, and 
business people everywhere com- 
plain that they cannot raise prices. 

The danger is that at some point 
this house of cards most tumble 
down. In an open-border global econ- 
omy, nearly every car manufacturer, 
for example, is trying to have a pres- 
ence in every market. But when all 
lire factories crank out more cars than 
people can buy, car prices come turn- 1 
Wing down, as do carmakera’ profits, 
and out go the workers. 

Down, too, go the number of 
people who can afford to buy cars. 
Economies can spiral toward reces- 
sion, or worse. That is what is be- 
ginning to happen in Asia now. 

East Asia has been the main 
source of the world’s overcapacity 
in recent years. Since 1991, coun- 
tries such as Thailand, South Korea, 
Tndnn<»$ ia Malaysia and the Phil- 


' ippines have accounted for half of 
the growth in world output, primar- 
ily in manufacturing, according to 
David Hale, chief global economist 
for Zurich Insurance Group. 

The financing for this new pro- 
duction often came from internation- 
al investors moving huge sums 
across borders. They frequently bor- 
rowed the money at low interest rates 
in Japan and die United States and 
then invested in booming Asia in 
expectation of earning a high return. 

Chunks of this money inevitably 
went not into factories but into spec- 
ulation. Borrowers defaulted. As the 
big returns failed to materialize, fear 
grew, first in Thailand, that money 
invested in that country’s currency, 
the baht, would not earn enough to 
pay debts incurred in dollars or yen. 
A run on -the baht last summer 
spread to stock prices and to other 
Asian financial markets. 

The factories remained intact, but 
die millions of As ians counted on 10 
be customers pulled back. In then- 
place, consumers in the United States 
have become the targeted buyers for 
much of the unsold Asian output 


As imports from the region rise, 
there is downward pressure on prices 
in the United Stales and on the wages 
Of workers who make products that 
compete with the imports. 

The global economy appears, in 
effect, to be capable of sen-destruc- 
tion. That is the view of William 
Greider. author most recently of 
"One World, Ready or Not: The 
Manic Logic of Global Capital- 
ism,” who points to the dangers of 
an unregulated global economy. 

"It produces more and more 
goods even as it suppresses wages at 
both ends of the world, in industrial 
as well as developing countries.” he 
wrote. “You cannot do that forever 
— producing more and cutting the 
wages of those who buy — without 
some collapse.” 

That view has been attacked by 
several economists, particularly Paul 
Knigraan of the Massachusetts In- 
stitute of Technology. The U.S. 
economy, he says, is still mostly self- 
contained; global trade has not made 
that much of an inroad. Moreover, he 
says, workers will eventually share in 
the earnings from rising production. 


Australia seiii^ jf §t oc k Is Small, Patience Needs to Be Big 

Snares m Telstra 7 © 


Shares in Telstra 

Reuters 

SYDNEY — The govern- 
ment said it would gain about 
143 billion Australian dollars 
($9.93 billion) from its sale of 
Telstra Corp. after receiving an 
overwhelming demand for 
shares. 

Telstra will start trading on 
die Australian and New York 
stock exchanges Monday. 

Shares will be sold to in- 
stitutional investors at 3.40 dol- 
lars each and to retail investors 
at 330 dollars. The government 
has said it will use the funds to 
retire debt and create an en- 
vironmental fund. 


By Ann Wozencraft 

New York Times Sen'iee 

NEW YORK — With small 
companies in their sixth month of 
leading the U.S. market, investors 
need to realize that shopping far 
them is far different from shopping 
for the large outfits that had long set 
the pace on Wall Street. 

There may be many new shoppers 
out there, for the recent performance 
of small-capitalization companies 
has been relatively strong. Stocks of 
both large and small companies 
have been pummeled by the recent 
difficulties in Asia, of course, but 
even with the setbacks, die Russell 
2000 index, which tracks small-cap- 


italization stocks, has gained 9.1 
percent since midyear, while the 
Standard & Poor’s 500-stock index 
is up only 3.4 percent 
Analysts say small-caps should 
keep outperforming the market for 

INVESTING ~ 

anywhere from a few to 18 months 
because of a strong U.S. economy, 
the capital-gains tax cut, a strong 
dollar — which reduces the earnings 
of companies with overseas oper- 
ations — and for other reasons. 

But whatever the period, the re- 
vival of small stocks ma y underline 
their importance to a portfolio. 

‘ ‘Investors who don’t have small- 


cap exposure are missing out on a 
big part of the equity market,” said 
Claudia Mott, director of research 
on small-capitalization issues at 
Prudential Securities. 

But small-caps, while they seem 
to better performers over the long 
run, are riskier than large-caps. 
‘ ‘Their stories aren’t known, they're 
not as well seasoned, and they don’t 
have the controls and reserves if the 
business slows down,” said 
Thomas Maguire, fond manager for 
the Safeco Growth fund. 

Moreover, analyst coverage of 
small-caps is often minimal, and 
because the press pays more atten- 
tion to larger companies, small-cap 
investors often must use special 


Prodi Says He’d Rather Quit Than Cut Pensions in 1998 


CtmqrinlbyOirSatfFnmDiqnm-toi 

ROME — Prime Minister Ro- 
mano Prodi has said he would rather 
resign than introduce further cuts in 
pensions next year. 

Speaking on a weekend television 
program, Mr. Prodi also reiterated 
that he would step down if his coun- 
try was not rank among the founding 
members of the single European 
currency in January 1999. 

“We won’t touch pensions in 
1998,” Mr. Prodi said. Asked 
whether he would resign in the event 


that the pensions needed further cut- 
ting, be said, "Of course.” 

Italy’s government this month un- 
veiled a package of pension refrains 
that it wrapped into the 1998 budget 
and is submitting to Parliament for 
approval by Dec. 31. 

At 4.1 trillion lire ($2.4 billion), 
the planned pension cuts are much 
smaller than those fust announced. 
A dispute between the government 
and its Communist coalition allies 
compelled Mr. Prodi to propose 
milder cuts. These are designed to 


ensure that Italy meets the fiscal 
requirements for switching to the 
single currency, the euro, in 1999. 


ic and monetary onion, countries 
must slash their deficits to no more 
than 3 percent of gross domestic 
product and keep them at or below 
that leveL 

Mr. Prodi reiterated that the coun- 
try's deficit would this year fall to 3 
percent, and possibly 2.9 percent, of 
national output 

“Our finances are perfectly in 


order.” be said. “The possibility of 
entering the single currency no 
longer bears a question mark, rather 
an exclamation point” 

The pension reforms, once intro- 
duced, will raise the minimum age at 
which most workers can retire but 
will not affect blue-collar workers 
and those who began working in 
their teens. Under the existing sys- 
tem, most Italians who have worked 
35 years are entitled to retire, re- 
gardless of age. 

(Bloomberg. Reuters) 


publications. One source for sraall- 
cap newsletters is the Hulben Fi- 
nancial Digest which tracks the per- 
formance of many kinds of invest- 
ment newsletters. 

If investors are to realize small 
companies' potential and ride out 
their volatility, they also must hold 
the stocks for a long time — prefer- 
ably five years or more. 

“Most people do poorly invest- 
ing in small stocks because they sell 
too soon," said Keith Mullins, a 
strategist at Smith Barney. “TTiose 
people in Seattle who had a good 
cup of coffee at Starbucks and sold 
when the stock doubled don't feel so 
smart now. In large stocks, though, 
valuation sensitivity is probably a 
very strong discipline.” 

But valuations are still important 
for small stocks. 

One common rule, followed by 
Mr. Maguire, is to buy stocks only 
when their price-earnings multiples 
are appreciably lower than their ex- i 
peeled earnings growth rates. If a 
company's earnings are growing at 
a 20 percent annual rate, he would 
like to pay uo more than a 16 mul- 
tiple for the stock. This strategy 
worked with Jackson Hewitt, a tax- 
preparation firm. 

Jackson Hewitt has an expected 
growth rate of 25 percent, but rhe 
stock had only a 123 multiple at the 
price of $21 .25 that Mr. Maguire paid 
in July. It closed Friday at $54.75. 


PAGE 15 


SHORT COVER 
First Union Se^ Job Cuts at Signet 

WASHINGTON (WP) — First Union Corp. expects to cm 
1.300 to 1 .400 jobs at Signet Banking Corp. over the next six 
months as it completes its merger with the Virginia-based 
banking company. 

The layoffs, which will primarily affect Signet s central 
operations in Richmond, are scheduled to begin at the end of 
the month and continue through the end of April. 

First Union, based in Charlotte, North Carolina, plans to 
dose more than 50First Union and Signet branches because of 
overlaps caused by the merger. 

Tietmeyer Skeptical of Asia Rescue 

FRANKFURT (Bloomberg) — Hans Tietmeyer opposes 
any worldwide rescue operation to bail out Asian countries 
from their currency crisis, German newspapers reported. 

“Wiih international help, one would buy out private in- 
vestors and promote a lax monetary policy,' ’ the president of 
the Bundesbank said at a press conference Thursday that was 
closed to foreign journalists. 

Mr. Tietmeyer was critical of the effectiveness of the 
International Monetary Fund's bailout plans for Asia, the 
Frankfurter Allgemeine Zeitung reported. “The IMF cannot 
use earlier programs as a measure, Tietmeyer said, adding 
that one shouldn’t simply throw money for show purposes. 


Foreign Investment Rises in China 

BEUING (Bloomberg) — Paid-in direct foreign investment 
in China rose 83 percent in the first 1 0 months of the year, to 
$35.60 billion, the International Business Daily reported. 

But the newspaper said Saturday that foreign investors 
pledged to spend $40 billion in China during the period, a drop 
of 35 percent from the same period last year. 

Boeing Resumes 747 Production 

SEATTLE ( AP) — Boeing Co. has resumed full production 
on its 747 jumbo jet assembly line, though efforts to untangle 
production problems are not complete. 

The company said late Friday that the 747 line resumed 
production Thursday after a 20-day shutdown during which 
Boeing concentrated on catching up on out-of- sequence and 
behind-schedule work 



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PAGE 16 


INTERNATIONAL HERALD TRIBUNE, MONDAY, NOVEMBER 17, 1997 


CAPITAL MARKETS ON MONDAY 


Shaken U.S. Investors Bring Money Home and Slow Stock-Buying f 


% Tim Quinson 

— jtygMgtan Pto Service 

Washington — The fux&Dcia]- 

fflaricet rout that' started in Southeast 
Asia -and spread to l-Htfa America is 
ca osing American mutual-fund in- 
vestors to flee internati onal stock funds 
and slow their purchases of domestic 
stock funds. 

Investors have xvithdrawn cash from 
international stock funds for five con- 
secutive weeks and have redeemed 
money from funds that focus on South- 
east Asian stocks at a rate of $220 mil- 
lion a month, according to research 
groups that track mutual-fund flows. 

The pace of investment in funds that 
concentrate on U.S. stocks has slowed to 
about $2.7 billion a week over the past 
month, down from a rate of almost $5.1 
billion a week in September; according 
to Trim Tabs F inancial Services Inc. of 
Santa Rosa, California, which tracks 


fund flows. Meanwhile, the Investment 
Company Institute, the mutual-fund in- 
dustry’s trade group, reported Thursday 
that an estimated $21 billion was in- 
vested in all types of stock funds last 
month, down almost 19 percent from 
$25.8 billion in September. 

Bond and fixed-income funds attrac- 
ted an estimated $3 billion in October, 
compared with $3.62 billion in Septem- 
ber, the institute reported. 

“Investors are really spooked by 
what’s happening to the world’s mar- 
kets,'* saia Ian Wilson, editor of Mi- 
cropal Emerging Market Monitor in 
Richmond, Virginia. “When you see 
Brazil's market go down 10 percent in a 
day and Hong Kong's market go down 
14 percent in a day, that leaves investors 
wondering whether they should just 
leave their money in the bank.” 

That sentiment is reinforced as in- 
vestors see returns on their emerging- 
markets funds eroding at a horrific rate. 


Among them, T. Rowe Price Asso- 
ciates Inc. *s Latin America Fund has lost 
almost 32 percent of its va.lue in three 
weeks, and Fidelity Investments' 
Emerging Markets Fund has fallen more 
than 40 percent since early July. 

Severn! Southeast Asian funds lost 
more than 30 percent of their value over 


and Scudder, Stevens & Clark Inc., re- 
ported net withdrawals from interna- 
tional equities funds last month. 

Investors have been steadily with- 
drawing cash from international funds 
for the past six weeks, said Gavin Quill, . 
Scudder’ s marketing vice president. 

“The money is being diverted primar- 


fi The money is being diverted primarily to conservatively 
managed U.S. equity funds and secondarily to money- 
market funds and high-yield bond funds*’ 


the past month, including the Wright 
Equifimd Hong Kong Fund, the Fidelity 
Hong Kong & China Fund, the Mont-* 
gomery Emerging Asia Fund and die 
Guinness Flight China & Hong Kong 
Fund. 

Fund companies, including Fidelity, 
T. Rowe Price, Charles Schwab Corp.- 


ily to conservatively managed U.S. 
equity funds and secondarily to money- 
market funds and high-yield, bond 
funds." Mr. Quill said. 

T. Rowe Price, based in Baltimore, 
reported that its international equity 
funds were suffering “modest" net re- 
demptions this month. Much 1 of the 


money is being shifted to bond funds 
rather than other equities funds, the com- 
pany said 

T. Rowe Price said its top-selling 
bond funds this month include toe'Spec- 
tram Income Fund, the High Yield Fund 
and (be New Income Fund 

Other investors are reducing their 
market risk by moving a portion of their 
assets to low-risk money-market funds 
from stock funds. Fidelity, based in Bos- 
ton, said two of its three best-selling 
funds last month were money-market 
funds. 

Schwab, based in San Francisco, re- 
ported that a net $238 million was pulled 
last month from international equities 
funds that ware available through the 
film's Mutual Fund Marketplace ser- 
vice. In addition, a net $64 million has 
been redeemed from international stock 
funds so fir this month, said Greg Gable, 
a Schwab spokesman. 

U. S. stock funds are luring investors, 


Mr. Gable said Growth-stock funds at- 
tracted a net $353 million last month and 
have taken in an addi tional $96 million 
"so far this month, Mr. Gable said. The 
level of buying is on a par with previous 
months, he said 

Vanguard Group, Ac second-bigg^ 
American fund company, bucked the 
industry trend in October by reporting an 
increase in net inflows to equities 
funds. 

Vanguard’s equities funds took in a 
net $L9 billion in October, up from $2 
billion in September, said John Woerth, 
a company spokesman. The firm’s most 
popular funds continue to be those that 
mimifl the Standard & Poor’s 500 -stock 
index, he said 

This month, U.S. equity fund net in- 
flows “remain brisk," mt. Woerth said 
The company’s actively managed in- 
ternational equity funds, by contrast, are 
reporting “modest net outflows,” he 
sard. 


Most Active International Bends 


The 250 mostacthna intematjona] bonds traded 
through the Eurodaar system tor the weekend- 
ing Nov. 14. Prices supplied by Tbletajrs. 


Rnfc None Cpn Maturin' Price YieM Rnk Nome Cpn Maturity Price YJeW 


Qei Maturity Price View 


Belgian Franc 

231 Belgium 8 

British Pound 


8 03/28/15 120.1600 £4600 


125IFCA 
147)ADBk 
176 EBRO 
189 FEK 

192 Abbey Natlona 
237 EIB 

241 Hypatheken 


6340002/17/00 
MOO0O6O4W 
6300002/14/M 
6tt to/16/00 
6 08/10/99 
7ft 12/D 7AM 
6ft 11/12/04 


Canadian Dollar 


7ft 12/01/03 111.8350 6.7100 


Danish Krone 


11 Denmark 

17 Denmark 

18 Den mark 
23 Denmark 
41 Denmark 
46 Denmark 

51 Denmark 

52 Denmark 
58 Denmark 
69 Denmark 
73 Nykrmflt 

102 Red KrwUl 

103 Real kred 
mNykrwfit 
126 Denmark 

163 Denmark TbQIs 
209 Byggerel! 

220 Denmark 
240 Dansfce KretH 


8 03/15106 

9 11/15/00 
7 11/1 Q/24 

7 11/15/07 
6 12/KV99 

6 11/15/02 

8 11/15/01 ' 

9 11/15*8 

7 12/15/04 

8 QY1V03 

7 1 0/01/29 
6 10/01/26 
7 1WH/29 
6 10/01/26 
4 02/15/00 

zero Q2/Q2/98 
7 10/01/29 
7 02/15/98 
7 10/01/29 


81 Germany 

82 Germany TblHs 

83 Germany 

84 Germany 

85 Germany 

88 Germany 

89 Germany 
93 Treuhand 
95TreuhantJ 
96 Treuhand 
99 Germany 

100 Treuhand 
106 Germany 
109 Germany 
111 Germany 
118 Germany FRN 
119Tteuhand 

120 Treuhand 

121 Frankfort Hyp 
127 Treuhand 

129 Germany 

130 Germany FRN 

131 Germany 

132 Treuhand 

134 Treuhand 

135 Germany 
140 Germany 
145 Germany 
150 Germany 
157 Germany 
171 Germany 
ITS Germany 
177 Treuhand 
183 Germany 
188 Germany 
190 Treuhand 
193 Germany SP 
198 Germany 
202 Germany 
206OesterPoets 
208 Germany 

21 5 Germany 

21 6 Germany 
228 Germany 

232 Germany 

233 KFW FRN 
249 Hessen Land 


7 01/1300 

zero 04/17/98 
8ft 0321/01 
Bft 05/22/00 
5ft 05/15/00 
3ft 12/18/98 
714 01/20/00 
6ft 07/01/99 
5ft 09/24/98 
6ft 03/26/98 
6ft 12/02/98 
614 03/04/04 

6 02/20/98 
6ft 04/22/03 
6 ft 01/07/99 
314 04UMX) 
614 07/29/99 

7 11/25/99 
5ft 11/03/04 
6ft 06/2S/9S 
6ft 0500/98 

3448009/30/04 
6ft 07/15/04 
5 12/17/98 

5 01/14/99 
6ft 02/2499 
7ft 02/21/00 
5ft 02/22/99 
614 02/20/98 
5ft 08/20,98 
6ft 05/20/99 
6ft 01/20/98 
5ft 04/29 m 

7 12/22/97 
7ft 12/2Q/99 

6 11/12/to 
zero 01/04/24 
6ft 01/2Q/98 

7 10/20/99 
514 11/11/02 
5ft 09/20/16 
514 10/20/98 
6ft 12/21/98 

7 09/20/99 
6ft 11/20/98 
1135209/231W 
5ft 01/30/08 


10541100 

985187 

110.90 

109-5100 

1024700 

993400 

105.5350 

1034)900 

1013200 

98.9035 

102.7300 

104.7200 

100.5500 
106.9471 
10Z5067 
99.7500 

1010700 

104.6044 

99.5500 
101.2700 
T 01 .2600 

99.1633 

107.4475 

100.8800 

100.8900 

1011700 

1067400 

1014100 

100.6000 

1013000 

102.6300 

1004400 

102.0000 

1003200 

105.1400 

1014400 

193600 

100.4900 

104.6700 

99.7500 

953967 

1013500 

1023300 

1043400 

1023100 

99.7700 

993500 


Japanese Yen 


122 NTT 
153 EIB Sri 3 
166 Spain 
T74 World Bank 
196 Wcrtd Bank 

203 Fannie Mae 

204 World Bank 
221 Italy 

230 Italy FRN 
242ExtmBk Japan 
243 World Bank 
247 Japan Dev Sk 


2ft 07/25/07 
2ft 09/20/07 
1100009/20/06 
4ft 03/204)3 
5tt 0300/02 
2ft 10/09/07 
4ft 12/20/04 
3ft 06/08/05 
0393807/26/99 
4ft 1 Q/01/03 
4ft 06/20/00 
6ft 09/2W1 


1043229 

1014750 

1094144 

1164199 

117ft 

1013993 

1224355 

113ft 

1003600 

11616 

1094750 

1204250 


Spanish Peseta 


110 Spain 
229 Spain Bonos 


7300002/2302 109.1960 73300 
5 01/31/01 98.7690 5 4600 


Swedish Krona 


Deutsche Mark 

1 Germany 4 09/17/99 994100 

2 Germany 6 07/04/07 1024217 

4 Germany 6ft 07/O4/Z7 1034283 

5 Germany 4ft 05/17/02 973220 

6 Germany 6 01/D4/D7 1023800 

7 Germany 8 01/21AI2 110.9800 

9 Treuhand 7ft 12/02X12 1094200 

10 Germany 6ft 04/24/06 1043643 

12 Germany 8ft 08/20/01 1124700 

13 Germany 9 1Q/2CV00 1113700 

15 Germany 7ft 01/03/05110.9700 

16 Germany 8 07/22/02 1114333 

T9 BundesaMIgattan 4ft 02/22/02 984750 

20 Germany 5ft 08/22/00 1024800 

21 Germany 6ft oyi2X»5 108.1750 

22 Germany 6ft 1V14/05 1053800 

29 Germany 8ft 09/20/01 1114046 

30 Treuhand 7ft 09AWM 1114550 

31 Germany Aft 09/15/99 1044266 

32 Treuhand 6ft 07/09/03 1063567 

33 Treuhand 7ft 01/29/03 1D8JD92 

34 Germany 94 6ft 01/04/24 1004972 

35 Treuhand 7ft 1Q/01XM 1104600 

36 Germany 5 fmmm 1003400 

37 Germany 3ft 03/19/99 993700 

38 Germany 8ft 12/2Q/00 1113900 

42 Germany 9 01/22/01 111.9300 

43 Treuhand 6ft 05/1 3/04 1073500 

44 Germany 8ft 03/30/01 1104600 

45 rreuhand 6ft 06/11/03 1074700 

47 Germany 6 01/05/06 1023150 

49 Germany 7ft 11/1 1XM 1114550 

50 Germany 4ft 1T/2Q01 944061 

53 Germany SP zero 07/04/27 1540 

54 Germany 5ft 02/21/01 101.1600 

56 Germany 8ft 07/20/00 1 09.9300 

57 Germany 6 06/20/16 99.7814 

59 Gemwry 6 02/16/06 108.7500 

62 Germany 7ft 10/21/02 1083750 

63 Germany 6 09/15/03 1034913 

64 Treuhand 6ft 04/23/03 105.7850 

68 Germany 6ft 03/15X10 104.1500 

70 Germany 6ft 07/15/03 1054200 

71 Germany 3ft 06/18/99 994300 

72 Germany 7ft 13/30/03 108J700 

74 Germany 5ft 11/21/00 100.9800 

75 Germany 3ft 09/18/98 994900 

78 Germany 5 05/21/01 1004000 

80 Germany 8ft 08/21/00 1094100 


Dutch Guilder 


39 Netherlands 
76 Netherlands 
92 Netherlands 
97 Netherlands 
101 Netherlands 
105 Netherlands 
114 Netherlands 
146 Netherlands SP 
148 Netherlands 

151 Netherlands 

152 Netherlands 
159 Netherlands 
161 Netherlands 

164 Netherlands 

165 Netherlands 

167 Netherlands 

168 Netherlands 
172 Netherlands 
178 Netherlands 

194 Netherlands 

195 Netherlands 
200 Netherlands 
207 Netherlands 
217 Netherlands 
222 Netherlands 
246 Netherlands 


B7 France OAT 
137 France DAT 
158 Holy 

182 France BTAN 
199 Francs BTAN 

213 France OAT 

214 France OAT 
226 France BTAN 
234 France OAT 


5ft 02/1 V07 

9 01/T5XH 
6ft 11/15X15 
6ft 07/15/98 
Bft 03/15/01 
8ft 09/15/01 
7ft 04/15/10 
zero 01/15/23 

6 01/15X16 
7ft 01/15/23 
6ft 10X11/98 

7 03/15/99 
5ft 01/15/04 
7ft 01/15/00 
6ft 04/15X8 

7 02/15X33 
7ft 03/01/05 
5ft 09/15/02 
8ft 06/01/06 
Bft 02/15/00 
Bft 02/15/02 
6 ft 02/15/99 
7ft 06/15/99 
7ft 11/15/99 
8H 09/15X17 
9 05/15/00 


5ft 04/25/07 
7 04/25/06 
9ft 03/07/11 
6 03/16/01 
4ft 07/12/02 
6 04/25/04 

6ft 04/25/02 
7ft 03/16/98 
8ft 04/25/22 


101.0000 

11170 

1074000 

1014500 

110.70 

11270 

115.1500 
207000 
102.9500 
1164500 

102.1500 
1034000 
102.1500 
1064500 
1054000 
1074500 

113ft 

1024000 

1195500 

1075000 

1114000 

1024500 

1045500 

1055000 

1194000 

109.9000 


974000 

1085100 

1275000 

1024100 

967900 

103.0200 

1054000 

100.7700 

1264875 


86 Sweden 11 01/Z1/99 

124 Sweden 1037 B 08/154)7 
142 Sweden 1036 10ft 05/0500 
205 Sweden 5ft 04/12/02 

U.S. Dollar 

3 Brazil Cap S.L 4ft 04/15/14 
8 Brazil FRN 6Vn 01/01/01 
14 Brazil L FRN Oft* 04/15/06 

24 Argentina 6% 03/29/05 

25 Brazil 10ft 05/15/27 

26 Mexico lift 05/15/26 

27 Argentina 9V 09/19/27 

28 Argentina par L 5ft 03/31/23 

40 Russia 10 06/26X17 

48 Venezuela 9ft 09/15/27 
55 Venezuela par A 6ft 03/31/20 

60 Venezuela FRN 6ft 12/18/07 

61 Argentina lift 01/30/17 

65 Bulgaria FRN 6ft* 07/28/11 

66 Mexico par 6ft 12/31/19 

67 Ejdm Bk Japan 6ft 11/07X02 
77Madcopar 6ft 12/31/19 
79 Bulgaria FRN 6ft* 07/28/24 

90 Brazil SJ. FRN 6ft 04/15/12 

91 Brazil Bft 11/05/01 

94 Brazil par 23 5ft 04/1924 
98 Mexico A FRN 6492512/31/19 
104 MadCO B FRN 6417212/31/19 

107 Mexico D FRN ORfo 12/28/19 

108 Korea 7ft 05/1906 

112 Kellogg 6ft 06/06/01 

115 Italy 6ft 09/27/23 


11 01/21/99 1065160 104300 
B 08/154)7 1114730 7.1600 
10K 05/05/00 1104350 94800 
5ft 04/1902 984760 55900 


lift 01/30/17 
6*Vft 07/28/11 
6ft 12/31/19 


108 Korea 714 05/1506 

112 Kellogg 6ft 06/06/01 

115 Italy 6ft 09/27/23 

116 Brazil 541 FRN 6V* 04/15/24 

117 Russia 9ft 11/27X11 

123 Mexico 9ft 01/15X17 

128 Bulgaria 2ft 07/28/12 

133 Ecuador FRN 3M 02/28/15 
1 36 Venezuela par B 6ft 03/31/30 
138 Mexico lift 09/15/16 

139 Argentina FRN 6ft OV31/23 
141 Ecuador FRN 6fti 03/20/35 

143 Canada 6ft 07/15X12 

144 Mexico C FRN 6.8203 12/31/19 


149 Cabs 
154 Poland Inter 
756MydfaFRN 
160 CADES FRN 
162 Mexico FRN 
170 Poland FRN 
173 Canada 
179 Peru Fro 


zero 07/1IV98 
4 IQ/27/14 
4% 09/09/07 
5531312/10/01 
6.976606/27X12 
6Vk 10/27/24 
6ft 00/30/06 
3ft 03X17/17 


French Franc 

185 Franca OAT SP zero 10/25/25 16.70 64100 

187Cybeml FRN 3447707/06X12 100.0300 34500 


180 Boo- BrasS FRN 6445810/14/99 

181 Ontario 6 02/21/06 

184 Argentina 8ft 05/09/02 

1B6 Mexico 9ft 02/06/01 

191 Brazil CbondS-L 4ft 04/15/14 

197 Argentina Bft 12/2IVD3 

201 EIB 6ft ltV28/D2 

210 Ecuador par 3ft 03/20/25 

211 BayerischeLB 6ft 06/25X17 

212 Fannie Mae 7400007/01/04 
219 Phfflpplnas Fix Bft 10/07/16 

223 Bank Nav 5.773411/07/02 

224 MBL ln» Fin 3 11/3OT2 

225 Bca Com Ext. 7ft 02/02X14 

227 Cretin Local 6ft 02/18X14 

235 Venezuela FRN 6ft 0918/07 


Italian Lira 


7ft 10/01/99 1034000 75500 
7ft 11X11/26 107.2600 6.7600 


236 Japan High 

238 Ontario 

239 Lehman Brat 

244 Italy FRN 

245 Ferroyfe Dell 
248 Argentina 
250BtmCunc 


6ft 11/27X16 
7ft 06/04X12 
6-022709/03X12 
545630912/02 
9ft 07/06/09 
11 1Q/09XM 
6218812/31/99 


762023 5.9100 
904333 75000 
754500 85400 
812918 82200 
822363 125100 
102042811.1600 
82.1228114700 
664713 82500 
844214 112900 
822958 112400 
824125 8.1500 
B6.1970 74300 
965391 114100 
66.1851 10.1000 
75.9019 8 2300 
1004250 65400 
784533 7.9600 

71.0000 94200 
674000 9.9900 
914655 94800 
634250 82500 
874750 74200 
87.0578 74000 
87.0565 74300 
B4.922S 85400 
99.9625 6.1300 

1015654 6.7700 
745625 8.9700 
95.9904 94400 
100.1250 94600 

55.7500 4.0400 
674424 44000 
824125 8.1500 

1065000104800 
832500 82600 
794164 04000 
101.1310 64600 
905830 75300 
954113 74600 
81.0099 4.9400 
724462 92300 
995800 55500 

97.0000 7.1900 

93.7500 7.1300 
1035750 65300 
514438 65200 
835713 7.9500 
975237 6.1600 
944000 95100 
1024926 94800 

775817 54000 
884834 95100 
1002922 6.1100 
49.6250 7.0500 
1024604 64700 
1064250 64400 
865441 10.1100 
99.7700 5.7900 
1014250 29500 
904000 84600 
1005000 64700 
854700 7.9000 
1022500 64900 
105.7500 75300 
99.0700 6.0800 
1004000 54600 
1215750 75200 
97.9381 112300 
974742 65700 


The Week Ahead s World Economic Calendar, Nov. 17-21 

A schedule of tfw nuofck economic and financial owns. compiled for the taSsmanona/ Humid T/dune by Bloomberg Bustness Neva. 


Asia-Pacific 


Europe 


Expected Manila: Meeting of finance ministers Luxembourg: European Union gov- 


ThisWeek to discuss a proposed Asian mon- 
etary fund to combat currency spec- 
ulation. Tuesday and Wednesday. 
Tokyo: Conference on administra- 
tive reform, chaired by Prime Min- 
ister Ryutaro Hashimoto. Monday to 
Thursday. 


eminent leaders and foreign min- 
isters hold meeting on employment 
Thursday and Friday. 


Americas 

Las Vegas: Comdex Computer 
Show. Speakers include Bill Gates, 
CEO of Microsoft, Eckhard Pfeiffer, 
president and CEO of Compaq 
Computer, and John Chambers, 
president and CEO of Cisco Sys- 
tems, through Friday. 


Monday 
Nov. 17 


Bangkok: Official foreign reserves. Frankfurt: BDB German Banking Earnings expected: Borders 


Tokyo: Revised Industrial-produc- 
tion figures for September; corpo- 
rate bankruptcies for October; Fi- 
nance Ministry meeting to seek 
ways to stabilize financial systems. 


Association holds conference on in- Group, Lowe's, Staples, Toys 'R' 
dustry performance; Ernst Welteke, Us. 
a Bundesbank council member, 
speaks on Germany's economic 
role in Europe. 


Tuesday 
Nov. 18 


Taipei: Ministry of Finance auctions Berlin: Hans^luergen Krupp, a Bun- 
30 billion Taiwan dollars ($980.3 mil- desbank council member, speaks 


lion) of five-year government bonds. 
Tokyo: Bank of Japan releases 
wholesale price index for early 
November. 


Wed nesda y Singapore: Retail sales for 


Now. ig September. 


on the planned European single cur- 
rency at CDU/CSU party confer- 
ence. 

Frankfurt Bundesbank’s October 
M-3 money supply. 

Munich: Ifo research institute’s Oc- 
tober index of business confidence. 


Tokyo: Bank of Japan releases mon- Wiesbaden: Bundesbank's presl- 


Thursday 
Nov. 20 


Friday 
Nov. 21 


ey-supply figures for October; av- 
erage interest rates per annum for 
different types of deposits. 


Tokyo: Finance Ministry releases 
merchandise trade balance for Oc- 
tober. • 

Earnings expected: Legend Hold- 
ings, Tse Sui Luen Jewellery Inter- 
national, Colour-Chem. Tata Iron & 
Steel. 

Taipei: Export orders and industrial 
production index for October. 
Earnings expected: Wah Kwong * 
Holding. Yoshiya International, Ex- 
cel Industries, State Bank of India, 
ITC. 


deni. Hans Tletmeyer, speaks on 
the German economy, global mar- 
kets and the euro. 


Frankfurt Bundesbank’s policy 
council meats to set rales. 

London: Output, income and ex- 
penditure figures for third quarter. 
Moscow: Bidding ends for sale of 
government’s 48.6 percent stake in 
AO Tyumen Oil Co. 

Frankfurt Bundesbank's president 
Hans Tietmeyer, Wim Duisenberg, 
president of the European Monetary 
Institute, and Jeart-Claude Trichet. 
governor of the Bank of France, 
speak at European Banking Con- 
gress. 


Ottawa: Bank of Canada releases 
monetary policy report 
Earnings expected: Abercrombie 
& Frtch, Hewlett-Packard, Home De- 
pot Kohl’s, Neiman-Marcus Group, 
Metro-Richelieu, Loblaw. 


Ottawa: October consumer price in- 
dex. 

Earnings expected: AnnTayfor 
Stores, Dayton-Hudson, Intimate 
Brands, Limited, PetsMart, Talbots. 


Ottawa: Bank of Canada an- 
nounces details of five-year bond 
auction. 

Earnings expected: Applied Mate- 
rials, Campbell Soup, Kmart, Prof- 
fitt’s, Urban Outfitters. Hudson's 
Bay, Trans Atlantic Resources. 

Ottawa: September wholesale 
trade figures and October compos- 
ite index Figures. 

Earnings expected: Bombay, 
Books-a-Million, Sunglass Interna- 
tional, Oshawa Group. 


Bond Yield Likely to Test 6% Level 


Bridge News 

NEW YORK — The slipping and 
sliding in world financial markets has 
pushed the Treasury bond yield down 
close to 6 percent a level that seemed to 
dull investors' enthusiasm last week. 

But many traders see global market 
volatility continuing to rule the bond 
market's moves and say it could well 
take the 30-year yield below 6 percent, 
at least temporarily. 

The focus on overseas financial mar- 
kets and, to a lesser extent, U.S. stocks 
overshadowed not only domestic eco- 
nomic news last week but also die 
Federal Open Market- Committee's 
policy meeting. The Fed left rates un- 
changed, and participants generally 
credited that decision to the fragility of 
international financial markets. 

With Fed policy steady and worries 
about financial- market instability con- 
tinuing to support Treasury issues, 
traders see little reason to expect a sell- 
off. The benchmark 30-year bond ended 
last week at a yield of 6.09 percent 
compared with 6.15 percent a week 
earlier. 

Perry Beaumont a senior market 
strategist at Smith Barney, said the mar- 
ket could have a tough time sustaining a 
move below the psychologically im- 
portant 6 percent yield on the bond. 

Treasuiy bonds have been opening 
lower. Mr. Beaumont said, suggesting 
that “overseas investors are not so 
quick to respond with knee-jerk buy- 
ing" of Treasury issues in the event of 
losses in foreign markets. 


He Mid, though, that the data con- 
tinued to show “decent growth without 
accompanying inflati on pressures” in 
the United States, adding that testing 6 
percent against such a backdrop * ‘is not 
at all out of the question." 

Mr. Beaumont said it would take 
more evidence of an economic slow- 
down to get the bond yield down to 
5.75 percent Smith Barney analysts 
expect the U.S. economy to slow in the 
first quarter, of next year. 

In the meantime, Mr. Beaumont sees 
bonds consolidating around current 
levels as the yield curve continues to 

U.S. CREDIT MARKETS 

flatten, with some back-up in yields 
occurring if stock mar kets stabilize. 

Another trader said he expected 
lower yields, arguing that the supply- 
demand equation was operating in toe 
Treasury market’s favor. 

“Money is flowing into bond mutual 
funds, and when money flows into bond 
mutual funds, if there’s enough of it, it 
flows into toe market” he saxL In ad- 
dition, he said, there was demand from 
the Federal Reserve Board, which im- 
plemented the second ins tallment of a 
permanent coupon purchase last week. 

All of that buying, moreover, is 
coming when toe supply of Treasury- 
bonds is shrinking. ~ 

But other players have asked why 
toe market is rallying if toe Fed is still 
on the verge of tightening interest 
rates. While it left rates steady Wed- 


nesday, there was a general impression 
that only the turmoil in international 
markets had kept it from raising rates. 

Certainly the minutes from the Sept 
30 meeting of toe Open Market Com- 
mittee, released Thursday, showed that 
several members already were looking 
for a near-term tightening. 

“It’s funny," said David Glen, a 
portfolio manager at Scudder Stevens 
& Clark Inc. “Everybody says the Fed 
would have tightened Wednesday if it 
weren’t for toe worldwide stuff, and 
nobody has any problems gulping 
down bemds at 6 percent.” 

Mr. Glen said the bond market 
“might have gone a little too far.'* 
noting that $4_5 billion of Treasury 
debt remained available to investors. 

While saying it was understandable 
in current market conditions that par- 
ticipants were reluctant to sell Treasury 
bonds, he predicted that 30-year yield 
would not fall below 5.75 percent un- 
less toe economy entered a recession. 

Although this week’s economic 
news will not.be that important for the 
bond market it is possible a high read- 
ing on the capacity utilization rate, to be 
released Monday, could reawaken con- 
cerns about a rise in U.S. interest rates. 

Also this week, toe Treasury will 
announce the size of the following 
week's two-year and five-year note 
auctions. Those auctions will be 
wedged into aholiday-shortened week, 
and traders said that with the Thanks- 
giving holiday Nov. 27 as a distraction, 
toe auctions might not be so popular. 


When Frustration Drives Investment 

As Americans Pull Out of Overseas Funds , Advisers Say lt 9 s Time to Buy 


The Associated Press 

NEW YORK — For those who have 
followed toe conventional wisdom, du- 
tifully allocating part of their would-be 
nest eggs to mutual funds with an in- 
ternational flavor, all this hysteria 
abroad merely pushes a nagging ques- 
tion to the fore: Why bother? 

While most portfolio strategists 
would advise against adopting a “no 
place like home" approach to investing, 
toe thought is tempting. 

Despite all toe hype about the un- 
bridled potential of emerging markets, it 
is not as though toe Pacific Rjrn was such 
a winning bet even before all the tumult 
of the past moath. 

Through the end of September, mutual 
funds specializing in that region were 
down an average of 6 percent for the year, 
according to Upper Analytical Services 
Inc. Add in the recent debacle, and this 
year's loss becomes about 24 percent 

Too short a time frame? For toe past 
five years, a period of unprecedented 
success for U.S. stocks, funds focusing 
on toe Pacific Rim are up only abour 23 
percent Compare that with an average 
five-year return of 1 19 percent for funds 
that stick with U.S. companies. Stricken 
three years ago by a fiscal crisis similar 


to toe one now rattling Asia, Latin Amer- 
ica actually might have provided some 
reassurance if its impressive recovery 
hadn't proven so fragile in recent weeks. 
After posting an average five-year gain 
of 101 percent throagh Sept 30, Latin 
American funds are now up just about 45 
percent over the past five years. 

It all adds up to what seems a mo- 
numental betrayal by those Wall Street 
professionals — tire ones who made 
international equities a prominent 
choice on the menu of most pension and 
retirement funds and who were thought 
to be looking out for toe average person 
with modest savings. 

Apparently, at least some investors 
are growing frustrated. Even though mu- 
tual-fund deposits exceeded withdraw- 
als by $21 billion last month, those funds 
with an international theme suffered a 
net outflow of money. 

But amid this tide of financial xeno- 
phobia, investment specialists have this 
advice about foreign markets: Now 
more than ever. 

This is “a great time” to start putting 
more money into overseas funds, said 
William Dodge, portfolio manager at 
Marvin & Palmer Associates of Wilm- 
ington, Delaware, warning against a 


U.S.-only approach to investing. 
‘ ‘There’s a fundamental case for there to 
be more money there," he said, “and 
there’s a valuation case for there to be 
more money there." 

While toe problems in many econ- 
omies are real enough to slow the world 
economy, Mr. Dodge said, toe recent 
sell-off offers an opportunity to invest in 
markets with tremendous prospects. 
“That discount more than compensates 
for toe slowdown in growth," he said. 

The U.S. market seems to want tq 
believe that toe overseas market up- 
heaval was a "purely psychological” 
event, Mr. Dodge said. But he forecast 
that there would be a 4 ‘profound" global 
slowdown before toe problems have run 
their coarse. 

Charles Crane, chief market strategist 
for Cleveland-based Key Asset Man- 
agement said that in the midst of toe 
turmoil overseas, "there are opportu- 
nities, but I wouldn’t jump into any 
sector blindly.” 

He added, however "If one is a true 
long-term investor, having exposure 
overseas is pretty smart The turmoil of 
the last couple of months is toe price of 
admission. For greater opportunity, you 
do have to stomach greater risk." 


New International Bond Issues 

Compiled by Paul Floren 

Amount Coup. Plies 

Issuer (utiBoBS) Mat % Price end items 

week 

Floating Rate Notes 

European Investment Bank 514)00 2002 ft 99-803 — Uader3-month Lear. ftonaOabie. Fees natdhaosed. (Ba/Oarsj 


Fixed-Coupons 

Student Loan Marketing 
Association 

World Bank 

Frog mare Investments 

ABN AMRO Bonk 

FA/an Lanschot Bankers' 


1999 5.89 100 — SerN-anmioflr. Noncalabte. Fees 0.125%. Denon ri nafiora 170,000. (Lehman BrofteraJ 

2002 5 100.945 9945 Reoffend at 9932. NanaaBatris. Feral W&. (INGBarfngsJ ■ 

2007 8 99513 — Co table at parin 2007. FeesOJOTt. Denomtnaflwt* Cl 0000. (NateostMortataJ 

2007 6 100.70 9970 Reoffend af99.UL NanarOabta. Fees 2%. (ABN AMRO Bent) 

2007 6 101465 ~ Reoffend a! 9949. NoncaOobte. fees 73L. (RababarU 


Last Week's Markets Euromarts 


Stock Indexes 

Untied States Nov. I 
DJ Indus. 7512a 

DJ UHL 245J 

DJ Trots. 11044 


Money Rates 


Eurobond Yields 


S&PSW 
5 & Pint! 
NYSE Co 
NOKfeqCp 
JOBW 


Brita in 

FTSFlOO 

Canada 

TslTFndus. 


Nov. 14 NOW. 7 ftCfi'go 
747248 7,58152 -0.12 

24540 241.99 + 149 

110649 11803 -244 

88941 684.57 +043 

9285S 92751 +049 

I.OB7.15 100053 +041 

48646 48729 —025 

148349 140259 -1.17 

1108252 1543456 -AT* 

454140 4.76450 - 047 

AT2440 4458.60 -145 


Prime rate 
Federal funds rate 


□mount 
CoS money 
3-month Interbank 
Britain 

Man* ban rate 
CoS money 
3-month Interbank 
Trance 

intanmBon rate 
Can money 
3-montti Interbank 


CAC4Q 24964* 2499.71 -0.14 , 

Garmuny . rls&mf 

DAX 3.730.94 3499. B9 + 044 cSlmewy 

Hone Kona 3-monte interbank 

Hang Song 9.95753 1010450 —146 

World Gold 

89554 952.76 -d SO ^ndorp^. 

World Index Item Morgan Stonier Capitol tntf PenspedNe. 


Nov. 14 Nov. 7 

S.00 540 

8ft Bft 

59- 5ft 

050 050 

040 042 

047 053 

7ft 740 

7ft 7ft 

7ft 7ft 

350 350 

3ft 3ft 

3ft • 3ft 


450 450 

145 345 

350 US 


MI.HH7 ftUft ftlnr 


mdm term 
abort twin 
Pounds storing 
French Dona 

Sre 

j kroner 

Swedish kronor 
ECU* longterm 
£CUt mdmtwm 
C«LS 
Aus.S 


637 642 
649 652 
653 652 
756 7.1S 
556 553 
549 545 
5J6 576 
571 553 
653 548 
551 550 
546 551 
6.10 658 
743 748 
-151 IJ1 


759 637 
6JM 659 
651 555 
775 640 
534 466 
779 579 
543 576 
572 452 
642 576 
559 476 
651 536 
7M 549 
839 656 
2.15 131 


Weekly Sales 

Primary Mated 


t Nous 

« “ ™ ass % 

F»js M44 7083 3785 7»i 

®. !£ttSi,8g! dk 


Secondary Martel 


Source LumnboorgilQdtadim* 


Libor Rates 


FRN* 274874 93814 5iM3J 

'£-397 145314 234024 2&B&S« 
Total 615383 42,U14ie9«J 
ScvizxEtimchar, Cede! Bant. 


£& Nov. 14 Nov.7% Orgo 

London pjn.fix-S 30179 30870 -235 


1-Montb lAgh % 

U5-* •' 5ft* . 5ft 5ft French franc • *2K? h 

DSfadionwfc W » EOI *». 4ft. 

PoundiMPng -7ft 7ft 7» Yon ft 5J 4te 

SevrcssUor&BankRautas. , r» 

























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Consolidated prices for afl shares 
Iraded during week ended Frkfery, 
14 


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A s Markets Catch ‘Asian Flu,’ Investors Start to Despair of an Early Cure 


By Brett D. Fromsoh 

» •nhmximPwi Servlet 

a cold coming on as well 
Over ihe past two months, every major stock 
marker in the world has been touched by the 
Asian financial crisis. Morgan Stanley Canital 
International s world index, which includes ^2 

JSmkW percenI smce tot end of 
September. U.S. stock markets have dropped 
about 6 percent in the same period. 

. Tha J™ iy 001 s ? und ,ifce much, but the markets 
have been gyrating up and down wildly, pn>- 
vokmg anxiety among all types of investors. One 
global speculator, a competitor of George Soros. 

If*®” to s P endin S nights at his New 
Y ore office to stay on top of things. 

So perhaps now is a good time to take a look at 
the unfolding Asian crisis and the "contagion'’ 
dial may continue to affect Wall Street and other 
financial markets. 

The first thing many analysis and investment 


managers stress about the Asian drama is that it is 
by no means over. Jeff Uscher, editor of Grant's 
Asia Observer and a former stockbroker at a 
Japanese firm in Tokyo, said. “We are at a period 
■ of maximum risk right now, and I think the crisis 
will get worse.” 

Analysts say the root of the crisis is pretty 
simple: Too much money flowed into Asian 
economies in recent years, and too much of it 
was wasted on bad investments and needless 
imports. Asian markets became little more than 
financial bubbles waiting to be popped. 

Over the summer, lenders and investors began 
to lose confidence that they would get their money 
back. Since then, they have polled out from 
country after country — first Thailand, then In- 
donesia, Malaysia and the Philippines, then 
Taiwan, and more recently South Korea, Hong 
Kong and Japan. Asia came to resemble a series of 
faltering banks facing runs by scared depositors. 

As soon as international capital began to flee, 
the -region’s currencies and financial markets 
’ began to slide. Governments and central bankers ' 
tried to stop the tide by jacking up interest rates to 


make investments in their markets more at- 
tractive. But they failed because global investors 
correctly saw that high interest rates would crush 
the Asian economies and investments denom- 
inated in those currencies. 

Normally, a currency crisis passes rather 
quickly. The currency falls, imports become 
more expensive, and exports become imp: com- 
petitive. Economic growth slows, but exports 
soon pick up, imports fall, and the currency 
stabilizes. The problem this time is tbat the Asian 
crash threatens the. region's already weak bank- 
ing system. As foreign money leaves, Asia finds 
itself with less — and therefore mare expensive 
— capital. Pacific Rim financial institutions are 
hit especially hard because they have grown 
dependent on cheap money and easy credit. 

"It is not much of an exaggeration to say that 
we are now witnessing something akin to a 
plague in Asian h ankin g,** said Ray Dalio, head 
of Bridgewater Associates, an investment-man- 
agement firm based in Wilton, Connecticut He 
expects more -than 100 Asian financial insti- 
tutions to fail in coming months. 


An implosion of the Asian banking system 
could threaten the world economy as well. 

"As a result of the Asian crisis, one-third of 
global economic growth is slowing, if not in 
recession,” said Nancy Lazar, an economist at IS1 
Group, a New York investment advisory firm. 

Mr. Dalio sees what he calls a double 
whammy for U.S. corporations: Not only will 
exports to Asia and elsewhere slow, but U.S. 
companies will face increased domestic com- 
petition from goods made in Asia, where cur- 
rencies have fallen relative to the dollar. He 
expects Asian currencies to remain low or to be 
further devalued by governments eager to export 
their way out of the crisis. 

U.S. multinationals such as Dow Chemical 
Co. and the insurance giant American Inter- 
national Group Inc., which receive more than 25 
percent of their profits from Southeast Asia, will 
see earnings decline, according to Morgan Stan- 
ley Dean Winer, Discover & Co. 

Technology stocks are expected to suffer too. 
Morgan Stanley has identified some vulnerable 
high-tech companies, including the computer- 


disk maker StorMedia Inc. and the disk-drive 
maker Seagate Technology Inc., which do a 
good deal of business in Asia. 

A Morgan Stanley global strategist. Barton 
Biggs, suggested that clients unload' technology 
stocks as well as those of large companies that 
made up the Standard & Poor's 500-stock index. 

"The U.S. equity market could have one final 
glorious melt-up as the safe haven of last resort,'’ 
he wrote. "However, I think it more likely that a 
cyclical bear market has begun. 

But a colleague of Mr. Biggs disagreed. The 
chief U.S. strategist at Morgan Stanley. Byron 
Wien, said: “There has been an overreaction to 
the Asian crisis. Will the collapse of overseas 
markets drag us down? I still think U.S. cor- 
porate earnings will be higher in '98 than in 
'97.” 

Mr. Wien's bullish view hinges on his ex- 
pectation that Asia’s economic slowdown will 
be relatively shallow and short-lived. 

* ‘The fly in the ointment would be if Korea and 
Japan have serious recessions and the Asian econ- 
omies try to flood us with goods," he added. 


COMPANIES: Restructuring Brings Pain, Profits but Few Jobs Yamaichi Securities Daimler-Benz Sees 97 Profit Rise 

Continued from Page 1 manufacturing work force shrank by and Renault expects to post a modest net StlldlCS 21 Break-Up JjOS&l/tO KjOSt Of M\@Cl€SllmTl 

17.9 Dercent in Britain. 17.6 oercent in Drofit for the full vear. The recovery led JT J O 


n * 




i ' 6 

* A 




Continued from Page 1 

products, and services to the metals, 
construction and oil and gas industries, 
is being broken up, with 20 percent of 
the businesses earmarked for closure or 
sale and the rest being merged into other 
MAN divisions. 

MAN Roland, which makes printing 
presses, is laying off more than 800 
workers, or 10 percent of its German 
work force, this year. 

The parent company this month re- 
ported a 21 percent rise in sales in the 
July-October period, to 6.42 billion DM, 
and Chief Executive Rudolf Rupprecht 
said the restructuring changes would 
have "a remarkably positive impact” 
oh profit. But MAN is investing more of 
its profit abroad, expanding production 
of truck pans in Poland and Turkey, 
where sales are growing quickly. 

‘ ‘The ovenregularion we are suffering 
here in Germany has a very big impact 
on our decisions." Mr. Rupprecht said. 
"We have no other choice" but to go 
abroad, he insisted. 

As the moves at MAN suggest, many 
European companies are restructuring 
more gradually and with less fanfare 
than many U.S. companies have done. 
Announcements of large layoffs like the 
ones this year by the Swedish appliance- 
maker Electrolux AB and by ABB Asea 
Brown Boveri, the engineering con- 
glomerate that is moving jobs to Asia, 
have been relatively rare'. 

But the cuts have been extraordinarily 
deep and so a long way toward ex- 
plaining the double-digit unemployment 
rates prevailing across much of Europe. 

Drawing on data from the Organi- 
zation for Economic Cooperation and 
Development. Morgan Stanley esti- 
mates that between 1990 and 1996. the 


manufacturing work force shrank by 
17.9 percent in Britain, 17.6 percent in 
Germany and 13.4 percent in France. In . 
the United States, where restructuring 
began in tire 1980s and where industry 
has benefited from a relatively weak 
dollar in this decade, manufacturing 
employment fell just 6.1 percent. 

. The scale of the cuts leads Mr. Dav- 
idson of Morgan Stanley to conclude 
that the bulk of the downsizing in 
Europe is over. But be said the approach 
of a single European currency and the 
deregulation of industries ranging from 
financial services to energy distribution 
would sustain an unprecedented wave 
of mergers and acquisitions, the value of 
which reached a record $294 billion in 
the first nine months of this year. 

"The focus now is much more on the 
consolidation of industries," he said. 
"There will bea need for European wide 
economies of scale.” At Renault, the 
French automaker whose bid to merge 
with Volvo collapsed in February 1994, 
management is conducting its own in- 
ternal pan-European restructuring. The 
company has shut plants in Vilvoorde, 
Belgium, and Valladolid, Spain, this 
year to concentrate the production of 
each car model at one or two plants and 
has reached agreements with unions to 
add a third shift at plants in Valencia. 
Spain, and Douai, France. 

"More and mote, the manufacturing is 
being adapted to die needs of the mar- 
ket,'" said Carlos Gbosn, executive vice 
president in charge of manufacturing. 

The early results are encouraging. 
After posting a loss of 5.25 billion francs 
($906 million) in 1996, Renault reported 
an operating profit of 364 million francs 
for the first half of this year. Car sales 
rose 1 1 percent in the firat nine months 
despite a collapse of the French market. 


and Renault expects to post a modest net 
profit for the full year. The recovery led 
the government to appoint advisers last 
week to consider selling some of the 
state’s 46 percent stake in the company. 

Renault has effectively taken a page 
from the strategy book of Volkswagen 
AG. VW has been restructuring since 
1993, building more models from a 
common chassis to cut costs. Early this 
month , Volkswagen reported a doubling ■ 
of its third -quarter profit, to 364 million 
DM, and the company has increased its 
dominant share of the European market 
to more than 17 percent 

Even with the changes, however, 
European auto plants trail Japanese and 
American facilities in terms of productiv- 
ity. Bemd Pischetsrieder. chairman of 
Bayerische Motoren Werke AG, said the 
earnings recovery by Continental 
companies had been exaggerated by die 
decline of the mark and the French franc 
a gains t the British pound and the dollar. 

“Yes. there has been progress," Mr. 
Pischetsrieder said, “but not enough pro- 
gress.". Restructuring has not been con- 
fined to Europe's ailing traditional in- 
dustries. Ericsson, the Swedish 
electronics company, has risen to die top 
of the booming market for mobile tele- 
phones and communications systems by 
•focusing its efforts on high-growth digital 
systems and streamlining production. 

While Motorola Inc. of the United 
States has stumbled because of a late 
switch to digital. Ericsson recently re- 
ported its 24th straight quarter of growth, 
with sales up 44 percent at 1 12.6 billion 
kronor ($15 billion) and profit more than 
doubling, to 2.9 billion kronor. 

‘ * We have to continuously rationalize , 
production to meet the price pressures,” 
Lars Stalberg, head of corporate re- 
lations, said. ] 


INVESTMENT 

OPPORTUNITIES 

ECUADOR 


CORPORACION FINANCIERA NACIONAL 
(CFN) the major Ecuadorian development 
bank, with net worth USD. 115,000,000 and 
productive assets of USD. 600,000,000 as part 
of the government privatization process, will sell 
its holdings in the following companies (the sale 
is expected to take place in December of 1997); 

LA CEMENTO NACIONAL CA. (LCN): This 
firm is currently operated and owned 52% by 
the Hoiderbank Group from Switzerland, CFN 
owns and will sell as a block 1 .98% of the firm. 
LCN's 1996 profit was of ECS 93,123,000,000 
total sales ECS 611,489,000,000 
(1USD=4,100ECS September 1997), including 
cement and other operations, number of 
employees 1.491. The installed capacity of 
cement in Ecuador is 3,500,000 MT. LCN's 
capacity is 2.200.000 MT and by the end of 
1 997 is expected to produce 2,000,000 MT. 

CEMENTOS SELVA ALEGRE C.E.M. (CSA): 

This firm, also in the cement industry, is 
operated and owned 51% by Finlatam Group of 
Spain; CFN owns 22.18%, which it will sell as a 
block. CSA 1996 sales were ECS 

121.592.000. 000, number of employees 203. 
CSA's production by the end of 1997 will be 
approx. 500,000 MT. 

HOTEL COLON INTERNATIONAL (HCI): 

Currently operated by Hilton International, CFN 
owns 15%. HCI sales in 1996 were ECS 
39,988,391,000 net profit of ECS 
6 045 602,000 and total assets ECS 

106.719.000. 000. HCI’s 399 rooms in Quito 
(830 beds) have a 70% occupancy rate. 

For additional information, please contact 

C 3ESSS2 M CORFmmON: 

NACIONAL: 

S V BlS®' fflwIfl’wBtoSM ' 

FAX: 1(203)454-1054 


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CORPORACION 



Reuters 

TOKYO — Yamaichi Securities 
Co., whose share price plummeted 
last week, said Sunday it was con- 
sidering a restructuring plan that 
would split the company into three 
entities. 

The brokerage concern also said 
it might close some of its overseas 
operations and reduce staff. 

"In order to help rationalize our 
business operations, we are now 
considering splitting our business, 
slimming down our international op- 
erations and cutting staff numbers." 
a senior Yamaichi executive said. 

He said all three ideas were still 
being discussed and that no definite 
plans had been made yet. 

Hie Nihon Keizai Shimbun re- 
ported . Sunday that the company 
would split into a specialized 
wholesale service for corporate cli- 
ents. a retail service for individual 
customers and a company in charge 
of administrative management. 

Yamaichi, the smallest and the 
most financially troubled of Ja- 
pan's "Big Four" brokerage 
houses, would become the first Jap- 
anese securities company to split its 
business operations. 

The restructuring being con- 
sidered includes a gradual with- 
drawal from unprofitable overseas 
businesses, mainly in Europe and 
the United States, the Yamaichi ex- 
ecutive said. 

On Friday, Yamaichi ’s shares 
touched a record low of 96 yen 
before closing at 100 ($7.94), down 
18.7 percent on the day. 


Ciwq^nl Ik Ovr SuffFnw PupMlm 

STUTTGART — The cost of re- 
designing Mercedes-Benz's A-Class 
car will not dent Daimler-Benz AG's 
profit this year or next, Juergen 
Schrempp, chief executive, has said. 

"We will continue the positive earn- 
ings trend." Mr. Schrempp said in an 
interview with the German weekly Fo- 
cus magazine lo be published in Mon- 
day's edition. 

He said Daimler would produce more 
than 700.000 cars for the first time in 
1997, while truck production would set 
a record of more than 400.000 units. 

Mr. Schrempp said Daimler would 
not be thrown off course by safety prob- 
lems that forced the company to in- 
terrupt the A-Class rollout only weeks 
after the car went on sale. 

"There is no question that the dis- 
cussions about the security of the A- 
Class are a very serious matter and are 
naturally keeping us busy," Mr. 
Schrempp said. "But in all divisions of 
the company we are going frill power." 

Record production totals would also 
come with results "in the black." Mr. 
Schrempp said. Next year, he said, "the 
positive trend would continue.” 

Daimler stopped deliveries of the A- 
Class car last week after a Swedish car 
magazine found that swerving suddenly 
could cause the compact car to tum 
over, even at moderate speeds. 

Daimler said it would spend 100 mil- 
lion Deutsche marks ($58 million) this 
year and 200 million DM next year to 
make the A-Class more stable. 

In the Focus interview, Mr. Schrempp 
said that the 300 million DM sum was at 
the upper end of expectations and that 
costs of correcting the problem were not 


likely to exceed that level. 

He also said Daimler would be more 
careful in testing the Smart car that i> 
due out next year. 

More than 2,000 Mercedes customers 
canceled orders For the A-class car after 
a Swedish journalist turned one over 
which making a difficult tum at 60 
kilometers per hour t37 miles per hour* 
at a "Car of the Year” competition. 

Since then, the car has been tested 
with modifications aimed at making it 
more stable. The redesign includes new 
stabilizers, shock absorbers and tires as 
well as electronic balancing equipment. 

[Bloomberg. Reuters) 


U.S.- Japan Air Talks: 
Both Sides Are Upbeat 

Cw>l*hiJfa ihw Surf Fn ni ih-\ 

SAN FRANCISCO — Talks be- 
tween U.S. and Japanese negotiators 
aimed at opening Japan's aviation mar- 
ket ended here over the weekend with 
no agreement, but negotiators from both 
sides reported progress. 

"We have a lot of serious issues to 
discuss, but 1 guess w'hat 1 detected was 
a new sense of readiness to come to 
grips with the tough issues." a U.S. 
official said. 

Issues included what steps the Jap- 
anese side would take to provide more 
access to Tokyo’s Narita International 
Airport and whether an interim agree- 
ment under discussion would eventu- 
ally remove all barriers to aviation trade. 
Officials said they would meet next 
month in Tokyo. (Bloomberg, Renters) 



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INTERNATIONAL HERALD TRIBUNE, MONDAY, NOVEMBER 17, 1997 


BUSINESS TRA VEL 


SPOiSSORED SECTION 




Looking for an Easier 
And Cheaper Way to Fly 

Airlines are teaming up to take advantage of " open skies ’’ agreements. 

H as the United States' qualified success for Air competitors and by an> 
push toward “'open Canada,” says Lamar Dur- U.S. and [British] carrii 

skies” agreements reft Air ranarfa't! nnsiHpnt wank (n iTili-r till* ma 


H as the United States' 
push toward “open 
skies” agreements 
with other coontrics helped 
business travelers? The an- 
swer is a qualified yes. In 
general, open-skies agree- 
ments — along with code- 
sharing alliances among air- 
lines — have made it easier, 
and cheaper, for international 
business travelers. But not on 
all flights all the time. 

Open skies is an out- 
growth of the United States' 
airline deregulation process, 
which began in 1978. Reap- 
ing the benefits of increased 
efficiency with lower fares 
and better service. American 
airlines want to compete 
globally without the artificial 
protection of government 
rcgulatioas and restraints. 

Market forces come first 
An open-sky agreement be- 
tween countries means that 
airlines can fly between any 
city in those countries, 
whenever they like, 
wherever they like, charging 
whatever fares they like. 
Market Forces, not govern- 
ment regulations, take pre- 
cedence in setting services 
and fares. 

in general, countries par- 
ticipating in open-skies 
agreements with the United 
States — about two dozen so 
far — are pleased. The U.S. 
State Department says that 
since the United States and 
the Netherlands signed an 
open skies treaty in 1 992. the 
number of flights between 
the two countries has 
doubled and the number of 
passengers has more than 
tripled. 

The United States and 
Canada entered an open- 
skies agreement in 1 995. and 
in the first two years Air 
Canada introduced 34 new 
flights to the United States. 
“Open skies has been an un- 


qualified success for Air 
Canada,” says Lamar Dur- 
rett. Air Canada’s president 
and chief executive officer. 
“Business travelers, in par- 
ticular, appreciate the ben- 
efits of Air Canada's open- 
skies strategy of offering fast, 
point-to-point service with 
no stops, no hubs and no 
hassles.” 

A win-win situation 
Ted Clay, a Delta spokes- 
person. concurs. “Open skies 
leads to increased competi- 
tion and better air service and 
encourages carriers to move 
into markets to enhance the 
bottom line,” he says. "It's 
always a win-win situation 
for a carrier.” 

According to David Fus- 
cus. a spokesperson for the 
Air Transport Association of 
America, “the main advan- 
tage of open skies is flex- 
ibility for airlines to do what 
they want.” 

In general, what airlines 
want to do is offer more ser- 
vice at lower prices with bet- 
ter efficiency — and higher 
profits. But open skies has 
not necessarily led to lower 
prices and better service for 
business travelers, Mr. Fus- 
cus adds: The situation varies 
from market to market, 
schedule to schedule. 

Open skies agreements 
have become a priority for 
the United States Depart- 
ment of Transportation, par- 
ticularly with high-traffic 
countries such as Britain and 
Japan. A study by Roberts 
Roach & Associates of Hay- 
ward, California estimates 
that an open skies treaty be- 
tween the United States and 
Britain would result in 463 
additional weekly flights be- 
tween the two countries. 

“Open skies will open the 
floodgates to dramatic in- 
creases in service by every 
one of the alliance's existing 


competitors and by any other 
U-S. and [British] carrier that 
wants to enter the market,” 
the study says, adding that It 
would mean S 1 08 billion and 
153.00 new jobs for the U.S. 
economy over five years. 

Code sharing 
Meanwhile, code-sharing — 
alliances in which airlines 
share booking systems and 
put passengcra on each oth- 
er's flights — has more than 
tripled over the past five 
years, according to a report 
from the U.S. government's 
General Accounting Office. 

"In general, the more 
global the scope of the code- 
sharing arrangement and the 
greater the degree of inte- 
gration achieved by the air- 
lines in scheduling, opera- 
tions and frequent flier 
programs, the larger the ben- 
efits are for partners." the 
GAO report says. "Con- 
versely, the impact on other 
U.S. airlines in terms of re- 
duced ridershipand revenues 
depends on an alliance's geo- 
graphic scope and integra- 
tion. the other airline's com- 
petitive responses, and the 
extent to which competition _ 
between that alliance and the £ 
others airlines stimulates 
new traffic.” 

The Lufthansa and United 
Airlines code-sharing agree- 
ment, one of more than 60 
involving U.S. carriers, saves 
the two airlines £40 million a 
year in efficiency costs and 
gives them additional pas- 
sengers — most of them 
business travelers — every 
day. according to a report 
from Washington-based ana- 
lyst Clyde Prcstowitz. 

Code sharing has not been 
confined to alliances with 
U.S. carriers. KLM and Sun 
Air. a South African airline, 
announced an agreement 
earlier this year that allows 
passengers to check baggage 



’zr-’rtT? ■*# ■ * * 






Open skies agreements en&le airUnes to offer more service at tower prices (and higher profftsj, but wfiafs best for ariines may not necessarily be so for travelers. 


in Durban and collect it in 
New York or Edinburgh after 
changing planes — and air- 
lines — in Amsterdam. 
Those passengers can get all 
their boarding passes in 
Durban before beginning 
their journey. 

Some surprises 
Rudi Seibcrlieh. president of 
the Association of Interna- 
tional Travel Agents, based 
in Switzerland, confirms that 
open skies and code-sharing 
have led to lower prices for 
many travelers. However, he 
adds, they are often surprised 


to find that part of their trip, 
and sometimes all of it, is not 
on die airline they thought 
they had booked. 

"It will be one of the air- 
lines within the alliance,” he 
says. “But it’s really hard to 
tell, esp«:ially for interna- 
tional flights. Travel agents 
will not — without having 
been asked — disclose the 
airline the passenger is ac- 
tually flying." 

That’s one of the reasons 
that business travelers who 
really care about which air- 
line they fly should make a 
point of always asking their 


travel agents whether they 
will be changing airlines at 
any time during an itinerary. 

Code-sharing may save 
money on current fere s, but 
industry analysts fear it could 
decrease competition in the 
long run. Large multicarrier 
alliances could deny access 
to their shared markets by 
other airlines, thereby stifling 
competition. And airlines 
could decide that they don’t 
need new large planes — thd 
kind that offer more econom- 
ical feres on long-haul in- 
ternational flights — because 
code-sharing will allow them 


to plug those passengers into 
the code-sharing network of 
shorter, more expensive 
flights. 

Tracking down fares 
Another potential problem 
with code-sharing is that 
since the same flights can be 
listed two or more times — 
once for each airline in the 
code-sharing alliance — it 
becomes more difficult, and 
more time-consuming, for 
travel agents to .find the best 
feres. Studies show that 
travel agents tend to book 
flights from the listings that 


pop up first on their com- 
puter. If all the first listings 
are from airlines within a 
single code-sharing alliance, 
the agent may not scroll or 
page deeply enough to find 
alternative flights that could 
be cheaper. 

The bottom line is that 
while open-skies agreements 
and code sharing do some- 
times offer better service and 
lower feres for business trav- 
elers, the benefits are more 
likely to be realized by savvy 
business travelers — or their 
savvy travel agents. 

Timothy Harper 












<fc>niiWMch 

AttfnmknrtaaGMr 

at Muku mJi proiirx 


Fall 

-SjMCLUi&k 


A Selection of Web Sites 
For Business Travelers 


Out* £* 

. rx, _ 


WHOWHERE? 


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I more than 5,000 destinations 


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Exciting stuff 


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.flights, hotels and car rentals. 

pavelfessntials, sponsored by VISA, 
Sis the quickest way to find essential info 
Jin City .Net. 


Find great news, resources, and tipsfor 


General Interest 

• www.travel.state.gov: U.S. Department of 
State. World travel warnings and advisories. 

Weather 

• www.intellicast.com: IntcllicasL Weather 
site linked to NBC for U.S. and foreign weath- 
er. 

www.weather.com: The Weather Channel. 
Online Reservations 

• www.travelweb.com: Airline reservations, 
hotel searches and reservations, and links to 
travel topics. 

• www.travelocity.com: Airline and hotel re- 
servations, including “live chat” for travel- 
ers. 

• www.thetrip.com: Air travel reservations, 
flight status, hotel and motel listings and re- 
views, city guides, travel suggestions. 

Specialized Sites 

• www.city.net: Descriptions of more than 
5,000 cities worldwide. 

• www.citysearch.com: City Search. Much in- 
formation on several cities in the United 
States. 

• www.mapquest.com: Includes personal map 
maker and interactive world atlas. An inter- 
active U.S. route maker for automobile 
travel. 

• www.rubicon.com/passport.htmI: Rubicon 
Digital Passport. Interactive currency convert- 
er and listings of international holidays, air- 
ports, embassies. 

• www.supporthclp.com: Information bn tech- 
nical support phone numbers, Web sites, news 
groups and bulletin boards for more than 2,500 
sellers of computer products. 

• www.metro.jussieu.fr: 1 0001/bin/cities/eng- 
lish: Offers information on subway stations 


worldwide, calculates routes and travel 
times. 

• www.travelstuff.coiWplglist.html: Travel- 
ers Emporium. International electrical/tele- 
phonc plug and power standards. 

• www.travclersaid.org: Travelers Aid In- 
ternational. Includes Travelers Aid program 
contact news for U.S. and several cities 
abroad. 

• www.krollassocialcs.com: Kroll Travel 
Watch. Sample travel advisories for cities 
throughout the world. Full advisories may be 
faxed for a charge of $9.95. 

Pbone Directories 

• www.bigyeIIow.com: Big Yellow. Business 
listings, by category. 

• www.fourll.com: Four 11. Directory as- 
sistance for telephone numbers. 

• www.switchboard.com: Switchboard. Dir- 
ectory assistance for telephone numbers. 

• www.whowhere.com: Who Where. Help in 
locating people by name or location. 

Others 

• www.aol.com/netehannels/travel.html; Amer- 
ica Online's own guide to domestic and foreign 
travel. Includes Fodo'r's Travel Online, which 
reviews hotels and restaurants and offers a trip 
planner; Preview Travel, which makes airline 
and hotel reservations: and many discounts 
through America Online. 

• www.hu tchinsoauftrancLcom/'^ 

Known as the Steinberg Business Traveler In- 
formation Network, this on-line travel site has 
recent articles on business travel; links to share- 
ware. freeware and Demo ware for business 
travelers; and specific information on restaur- 
ants and hotels in many cities. 

T.H. 








I 



sponsokkdsiv , 


INTE^IWHiNALHERAlI) TRIKUNE, MONDAY, NOVEMBER 17, 1997 


BUSINESS TRA VEL 


SPONSOR!;!) SK( I ION 




Stress: 

Why Men 
Are More 

VULNERABLE 


Women seem better able to cope 
with the rigors of travel 


L ong lines, 'unexpected delays, 
crowded flights, missed conned 
tions, lost hotel reservations, jet 


-*— * t»ons, lost hotel reservations, jet 
lag — not to mention worrying about 
whether or not the client will sign the 
contract you have worked so hard on— 
,tbe list of potential causes of stress 
K Jfrhile traveling on business could go on 
find on. ' 

For those who tend to pooh-pooh the 
effect of stress on business travelers 
(notably the boss who expects you in on 
tune the. day after your return), a recent 
study conducted by the Worid Bank 
shows drat the negative effects ofbusi- 
ness travel are real, especially for men. 
The study of the health claims of 5, 000 
World Bank employees showed that 
men who traveled on business filed 80 
percent more health claims of all sorts 
than men who did not. For women, who 
seem to be better copers, the com- 
parable figure was only 18 percent 
^Claims for psychological disorders for 
Jr those who traveled were double the 
number for those who didn’t. 

Another study, conducted by Hyatt 
Hotels Group on a sample of 500 
American executives, found that 24 
& percent of the respondents had negative 
reactions to business travel; 75 percent 
of this segment found it stressful 



The Latest Weapons 
For Road Warriors 


The choice ranges from snore-busters to compact carry-ons. 


A irlines are getting tough about 
cany-on luggage in reaction to 
abuses by passengers, and since 
most business travelers can’t bear foe 
idea of hanging around the baggage 
carousel that means packing smart 
We all know about the godsend of 
those compact suitcases with wheels 
and telescoping handles that airline 
hostesses are always trundling effort- 
lessly behind them as they zip thro ugh 
customs. But make sure that yours isn’t 
one of those unstable contraptions that 
wobble wildly when you are r unnin g 
down the moving walk- 
way to catch a flight and . 
finally tip over, forcing 
you to stop and lose pre- fmquma 

cious time righting it And ^ . 

watch out for telescoping cag ry m j 

handles that refuse to tele- rnmwfi 

scope when you are „ if 

checking in for your wm 

flight, causing impatient inffr aa i 

passengers waiting in line „ 

behind you to curse and " 

mutter. Samsonite’s EZ me— I 

Cart Four-Wheel luggage 
has wide-set wheels to 
improve stability and strap systems fra* 
attaching other bags. 


-V' ■zz'- — 


A relaxing flight is important to foe 
success of a business trip. You’ve seen 
people with those vaguely ridiculous- 
looking U-shaped inflatable pillows 
and wondered if they were worth it, but 
the latest thing is the Bucky pillow, 
filled with — of all things — buck- 
wheat hulls, which are said to provide 
the ultimate comfort by molding to just 
foe right shape. 


27 pmrcmnt of 
ftoquoat traveler* 
cany m laptop 


Women can handh the strBBS (dtxjshieestiBVBi,txd new products and services may help even harried maies. 


Thke the day off 

So what is a sfressed-out voyager to do? 
The aufoors of foe Worid Bank study 
suggest that employers give traveling 
businesspeople a day off at the end of a 
trip, which would certainly help than 
to recover from jet lag and loss of sleep 
and catch up on their home lives, 
v. There are other ways to cope in this 
‘Jfcra when employers are cutting back on 
"'expenses and forcing itinerant employ- 
ees to travel in economy class and stay 
in less-luxurious hotels. 

A good night's sleep is a priority for 
any traveler and especially for those 
who have an im p or tant meeting in the 
morning. Just bong in a strange room 
■ can disrupt foe sleep of many travelers, 
and tilings get worse when jet lag and 


intrusive noises like the toilet flushing 
in the next room are added info the 
equation. 

Some hotels offer special rooms to 
help travelers sleep well and recover 
from jet lag. The Hotel Okura in Tokyo 
has a plan that includes a workout in foe 
health chib, a massage chair, a light 
box, relaxation videos and a diet de- 
signed and timed to help reset your 
body dock. ITT Sheraton offers a sim- 
ilar anti-jet-lag “Body Clock Cuisine” 
at some of its hotels. Hilton has been 
testing “Sleep-Tight” rooms that are 
quiet, comfortable and equipped with 
anti-jet-lag gadgets. 


Special concerns for women 
Even though the World Bank study, 
seems to indicate that women are able 
to cope better in tire long run, business 
travel has its own special sources of 
stress for them (and women now rep- 
resent 25 percent of business travelers 


in the United States). Restaurant staffs 
seem to be universally disdainful of the 
solo female dines; giving her foe worst 
table and poor service, and hotels 
rooms often do not feel like havens of 
.security when you are a woman alone. 
One solution might be Global Network 
(tel: 44-171-722 9565; fox: 44-171 
722 9606), an organization that puts 
female business travelers who are slay- 
ing in tire same place at foe same time in 
touch with each other so- that they will 
have a companion in the evening It 
also has a database of hotels, restaur- 
ants and travel services that are sen- 
sitive to tire needs of female travelers. 

Different nationalities have different 
ways of dealing with stress. The eco- 
nomic crisis in Thailand, for example, 
has driven many Thais to Buddhist 
tem ples to relieve their anxiety. 
Stressed-out French workers turn to 
tirabssofodrapie, sea-water treatments 
that they swear by as a cure for all that 


ails you. When possible, one of the best 
ways to avoid stress on a business trip is 
to organize a meeting in aresort, where 
off-hours can be spent swimming sun- 
ning or relaxing in the hotel spa. In 
France, you can try out foe soothing 
effects of tha lasso thdrapie at places like 
Le Richelieu, a hotel/spa on the pic- 
turesque He de Re, an island off La 
Rochelle, where meetings can be fol- 
lowed by a massage, sea-water treat- 
ments, a dip in the ocean or pool, and a 
choice of gastronomic or dietetic 
meals. 

And don’t, rule out stress manage- 
ment courses as a way of handling the 
- strains ofbusincss travel. In addition to 
teaching techniques for dealing with 
stress, they may have another, hidden 
advantage: A recent study showed that 
heart patients who participated in this 
type of program reduced their risk of 
heart attacks or the need for surgery by 
74 percent HJE. 


Portables and pillows 
Technology is a wonderful thin g , too, 
but it's heavy. Business travelers are 
now expected to cany laptop com- 
puters, portable phones, digital cam- 
eras, etc. A recent study of 5,000 fre- 
quent travelers showed that 27 percent 
carried a laptop computer, making that 
wheeled suitcase even more of a ne- 
cessity since you can attach your com- 
puter case to it Travelpro's new Busi- 
nessPlus Rollaboard® has a hidden. 


padded computer compartment, side- 
wall straps for a portable printer and 


wall straps for a portable printer and 
accessory pockets for rabies and 
diskettes, turning foe suitcase into a 
carry-on portable office. 


Snoring or strips? 

If you have foe embarrassing (and ir- 
ritating for your neighbors) problem of 
snoring during an in- 
.. flight nap, try 3M Breathe 

. Right nasal strips, which 
travata r a when attached to the 

ii#ulii bridge of tire nose are 

w supposed to help keep 

• r makhtg your nasal passages open 

and prevent snoring. Now 
the question is, which is 
mam more emb a rrassing: snor- 

ing or wearing these strips 
on your nose? 

’ Once you have arrived 

at your destination, you 
might have a better 
chance of getting a good night's deep 
in a hotel in a strange city if you drown 
out tire noise of street traffic, amorous 
or quarrelsome neighbors and slam- 
ming doors with Sharper Image's Ultra 
Heart and Sound Soother®, which lets 
you choose between the comforting 
sounds of ocean waves, gentle rain, 
forest sounds, white noise, a heartbeat 
and so on. 

When you finally venture out into 
tire street, you'll need to know where 
you're going. Before you even leave 
home you ran print out a detailed map 
of your destination if you have map- 
ping software like Global Explorer on 
your c o mp u ter. Or you can take it with 
you on your laptop for on-site con- 
sultations. 

Heidi ElEson 


“Business Travel” 
was produced in its entirety by 

the Advertisi/qi Department af the International Herald Tribune. 
Writers: Heidi Ellison is based In Paris. Timothy Harper is an international 
business and travel writer based in New York. 

Program Director: Bin Mahder. 


Getting TheMostValUe 
Out of YoijrHgtel 


Hotel rates are up again, but here are soni&ways to cut costs. 


w 


r Thflc prosperity has 
\f returned to tire 
Y United States and 
ofEuropc, foe recession 
left lingering after-ef- 


Business travelers have 
gotten into the.habit of cra- 
ting costs and comers, and in 
the process have become 
more demanding of value for 
their money. At foe same 
time, hotel rates are rising in 
most places, a trend that is 
expected to continue into 
next year. How can business 
travelers cut costs without 
sacrificing the amenities they 
need? 


the traveling titans \dF busi- 
ness. 

Everyone wants to travel 
with as Htde luggage as pos- 
sible, of course, so that in- 
roam hairdryer and oyenught 

pressing service are o&erap- 
preciatod amenities. 


Downsizing die luxury • 

For a quick overnight stay, 
when a wide’ range' of ser- 
vices is not necessary and 
there is not even enough time 
to enjoy them, business trav- 


elers ran save money by 
stavine in a budget hotel with 


staying in a budget hotel with 
minim a] sendees and low 


what travelers want 
First, let’s look at what busi- 
ness travelers want from a 
hotel They are looking for 
meaningful services — tire 
things they really need, 
which are not necessarily the 
same things that a hotel 
thinks they want Work 
comes first on a business trip, 
and computer, modem and e- 
mail connections, fox ma- 
chines and mobile phones are 
priorities. 

Time is always at a premi- 
um, "Tv! long waits at foe 
reception desk are a frustrat- 
ing waste of time that might 
make foe guest late for an 
appointment This means 
thar express check-m ana 
ysheck-out are a priority tor 


prices. 

But such a drastic re- 
sponse to high hotel prices as 
staying in a Motel 6 or a 
Formule 1 is not always nec- 
essary. Just .downsizing tire 
luxury level of tire hotel by 
one or two ratings stars and 
forgoing foe complimentary 
fruit basket can save a 
bundle. 


Watch your phonic. jbffi 

Anotherway to reduce costs 
is to use a credit card or mo- 
bile phone rather than foe 


especially on the fcccury rod, 
charge exorbitant rates for 
foe use of foeir phone system. 
The markups can vary 
widely, even among hotels 
that are part of foe same 
rharn. ' - 1 


Some hotels . have even 
taken to blocking foe use of 
. e«THng cards or charging a 
foe foe tech use to protect 
foeir telephone profits. 

As telephone charges are 
rarely explicitly stated, at 
ways ask about them before 
settling in fra a long con- 
versation. Using e-mail and 
foxes for your communica- 
tions may save some money, 
although if you are paying 
nxfiate&prices for foe phene 
line, it. won’t help muck 
Some hotels, like the Brit- 
annia m London, are begin- 
ning to install fiber-optic 
cables and servers, allowing 
guests high-speed access to 
tire Internet from their rooms 
and bypassing the hotel 
phone system. 

The AT&T Global Hotel 
Program lists hotels with 
lower rides or that do not 
have access charges for call- 
ing card-use. If your mobile 
phone doesn’t work, in foe 
countrymen are traveling to, 
you cangstyt one on-site. . 

Fina&L ask about cfe- 
counts Sjrbotels and carogv 
. rate rafesip avoid paying full 
prices- • Arid the frequent-, 
stayer programs offered by 
many tfctel chains inefudfe; 
such, benefits as room up? 
grades, early check-in 
late check-out, and access 
cxecutiyelouDges. -rri 

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PAGE 20 


SPORTS 


■■I f‘‘ 



Dawal [nKcJtat 

Wales 1 Gwyn Jones looking for help daring his team's game Sunday 
against Tonga before a small crowd in Swansea. Wales prevailed, 46-12. 


Aussies Waylay British 


Cavftlrd by Uur Staff Fro* Dt spa r h n 

Australia beat Britain. 37-20. at 
Leeds on Sunday to win the three-match 
rugby-league series, 2-1. 

Britain had won in Manchester eight 
days earlier to even the series and raise 
the possibility that it could beat Aus- 
. trail a in a test series for the first time in 
27 years. That hope vanished in the first 
few minutes Sunday. 

Ken Nagas gathered a kick ahead in 
the first minute and scored untouched. 
Wendell Sailor then carried three British 
ladders over the tine to score the second 
try. Sailor and captain. La one Daley, 
exploited British errors to score, and 
Australia led, 25-2, at halftime. 

Australia finished with seven tries. 
Simon Houghton, twice, and Jason 
Robinson scored late tries for Britain. 
* 1 We went out there and blew them off 
the park.” said John the Australia’s 
coach. 

The touring team represented only 
the Super League, Rupert Murdoch's 
half of the Australian Rugby League, 
which traditionally runs the game and 
which has been split by a bitter dispute 
with the media mogul. 

in Rugby Union games: 

Ww 46, Tonga 12 Gareth Thomas 
scored two tries as Wales crushed 
Tonga on Sunday. Wales* stadium in 
Cardiff is being rebuilt, so the match 


Wales had already decided to play its 

Stadii 


was played in Swansea and drew only 
3,000, the' 


6,000, the lowest recorded crowd for a 
Welsh international match at home. 


next "home” test at Wembley Stadium 
in London. 

Franco 32, Sooth Africa 36 South 

Africa held off a fierce French comeback 
in Lyon on Saturday. For the first hour 
France could only answer the visitors’ 
five tries with five successful penalty 
kicks by Christophe Lamaison. Dick 
Muir, Percy Montgomery and Pieter 
Roussow scored first-half tries for the 
Springboks. James Dalton and James 
Small touched down early in the second 
half, and after 60 minutes South Africa 
led, 36-15. 

Ireland 15. Now Zealand 63 Ireland had 
the temerity to take the lead twice against 
the visiting All Blacks in Dublin, but was 
still soundly beaten on Saturday. Ire- 
land’s captain, Keith Wood, scored tries 
in the 17th and 29th minutes, and after the 
second, his team led, 15-11. But New 
Zealand led. 27-15, by halftime and then 
blitzed Ireland to finish with seven tries. 

England is, AustraB* 15 Clive Wood- 
ward, England’s new coach, picked five 
debutantes for the match against Aus- 
tralia at Twickenham with muted results. 
England's pack of forwards, with new 
boys Andy Long and Will Green in the 
front row, struggled to hold the Aus- 
tralians. if it had not been for die in- 
accurate kicking of John Eales. the Aus- 
tralians could have won. George Gregan 
and Ben Tune scored tries for Australia. 
JoeRoff. who took over the kicking from 
Eales. booted five point s.( Reuters. IHT)- 


Eddie Arcaro, Racing’s King , , Dies 


By Joseph Durso 

New York Times Service 


Eddie Arcaro, 81. the master of 
thoroughbred racing for 31 years as 
America’s premier jockey — who five 
times woo the Kentucky Derby and 
twice swept the Triple Crown — died 
Friday after a long illness at his home 
in Miami 

For 24,092 races, from May 18, 
1931, when he rode his first race, until 
Nov. 18, 1961, when he rode bis last, 
George Edward Arcaro was the kid 
from Cincinnati who became the king 
of the jockeys. 

He won 4,779 of his races, he won 
$30 million in purses, be dominated 
major stakes in America and he won 
the respect and the ranking that only 
Bill Shoemaker approached on 20th 
century racetracks. 

He rode the great horses of the mid- 
century: Kelso, five straight times 
voted the Horse of the Yean Whir- 
laway. Citation, Bold Ruler, Nashua, 
Native Dancer, Assault, Hill Prince, 
Sword Dancer and Jaipur. 

He also won the Preakness six times 
and the Belmont Stakes six times. He 
won the Suburban Handicap eight 
times and the Jockey Club Gold Cup 
10 times. 

Arcaro did it all with a street-smart 
sense that made him a natural in race- 
riding. a remarkable combination of 
grace and power on a thousand-pound 
horse traveling 35 miles (55 kilome- 
ters) an hour for high stakes. He rode 


with rare technical gifts, but mostly 
with an uncanny sense of mission that 
he seemed to share with bis horse. 

He had firm but sensitive hands and 
a sure sense of pace. And he rode with 
a casual elegance that did not always 
hide his intensity. 

"He was like an extension of me out 
there,*’ said Jimmy Jones, die long- 
time trainer for Calumet Farm. "He 
was the perfect extension of the trainer 
on the horse. And nobody had his sense 
of the way the race was being run.” 

In the space of seven years, he did 
what no other jockey has ever done; 


win the Triple Crown twice. He did it 
in 1941 with Whir 


Whirktway, in 1948 with 
Citation — both colts from Calumet 
Farm — winning the Kentucky Derby, 
Preakness and Belmont within five 

weeks’ time. And he rode horses to lire 

sport’s ultimate honor, the title of 
Horse of the Year, eight times: Whir- 
la way in 1941 and 1942. Citation in 
1948. Nashua in 1955, Bold Ruler in 
1957, Sword Dancer in 1959 and Kel- 
so in 1960 ami 1961. 

He was asked many times which of 
his renowned horses was the greatest, 
and he replied: "Citation was the best 
3-year-old I ever rode. Kelso was the 
best horse of any age.” 

He was the jockey crouched in the 
saddle wearing the silks of Calumet 
Farm in the days when Ben and Jimmy 
Jones trained the stable into an empire 
that ruled die sport of kings. And like 
Joe DiMaggio in baseball, be sym- 
bolized the exploding role of the hero 



Arcaro, who won 4,779 races and 
$30 million in purses in 31 years. 


in sports in the middle decades of the 
century. 

He also made history behind the 
scenes. With his fellow jockeys Sam 
Renick and Johnny Longden, he foun- 
ded the Jockeys ’ Guild and served as its 
president from 1949 until he retired 12 
years later. The guild, during his ten- 
ure, took the first steps toward provid- 
ing financial support, old-age care, life 
insurance and health insurance. 


Triumph to Tragedy: Milburn’s Fate 


By Mike Penner 

Los Angeles Times Senice 


Was foul play afactor in the death of 
Rod Miiburn? 

Only if die reference is to the course 
of Milbum’s life after his triumph in 
the 1 10-meter high hurdles at die 1972 
Munich Olympic Games. 

Twenty-five years after winning 
that gold medal, Milbum, 47, was 
scraping together a living as a utility 
crewman at the Georgia-Pacific Corp. 
paper mill in Port Hudson, Louisiana. 

Miiburn needed the work, having 
taken the job in 1988 after being dis- 
missed as the track coach at his alma 
mater. Southern University, in 1987. 

Among his assignments at the mill: 
unloading rail cars carrying liquid so- 
dium chlorate, a chemical used to 
bleach paper. Milbum, a member of 
die U.S. Track and Field Hall of Fame, 
was found dead Tuesday night in the 
bottom of one of those cars that was 


half-filled with the liquid. His body 
was covered with chemical bums. 

According to sheriff's detectives in- 
vestigating the death, Milbum was 
midway through the task when he ap- 


was from a s mall school like Southern 
University, nobody made a big deal 
about iL And because he was such a 


quiet, inward person, he didn’t . sell 
: Willie Dai 


parently was overcome by fumes and 
fell into 


ugaiors 

tident 


are 


i the solution. Invest! 
classifying his death an acc 
**tf he had come along maybe 10 
years later, it might have been a dif- 
ferent story," says Pete Cava of USA 
Track and Field. "If he had been bom 
in 1960, instead of 1950, he’d have 
been right there with Greg Foster and 
Roger Kingdom, who were able to 
make a substantial living" as pro- 
fessional hurdlers. 

Johnny Thomas, the current track 
coach at Southern, said, "He would 
have been a millionaire. 

“See, what happened to Rod is that 
he came along at a bad time in track 
and field,” Thomas added. "When 
Rod won the Olympics in ’72, he 
didn't get a big fanfare. Because he 


himself, like Willie Davenport l 

When Milbum. then 22, won his 
gold medal — in a world-record time 
of 13.24 seconds — professionals 
were not allowed to compete in the 
Olympics. Then, in 1973, Milbum re- 
linquished his eligibility by turning 
pro while helping found the Interna- 
tional Track Association, a profes- 
sional circuit that died shortly after the 
1976 Montreal Games. As a profes- 
sional, Milbum was banned from 
those Games. 

Thomas believes Milbum deserved 
much better. 

"He was one of the originators of 
the pro tour, but the problem was, all 
the people he brought along with him 
were losers," Thomas says. "Not 
losers as people, but none of them 
were Rod Milbum." 


Harvard Stays',,.,,, 
On Track for 
League Title 




The Afp* wmI 

BOSTON — Rich Linden ran far one 
touchdown and passed for two othm as 
Harvard clinched at least a lie for its row 
Ivy League championship since 1987 
with a 33-0 victory- over Peim. 

Harvard (8-1. 6-0) ended a string of 
five consecutive losses against Penn (5* 
4, 4-2) on Saturday, as the Crimson dc- 




Tni Ivy Liaoui 


fense manhandled the Quakers. Harvanl 
can complete its first unbeaten season in 
the Ivy ranks with a traditional wwdap 

at Yale next week. 

Linden, who completed 18 of ■ 
passes for 212 yards, took charge M IhJ 
outset, throwing three passes for 5. ; 
yards before Chris Menick ended a 73- 
yard drive with a four-yard run the first 
time Harvard had possession. The touch- 
down was Menick *s 13th of the season. 

Dartmouth 13, Brawn 7 In Hanover. 
New Hampshire. Peter Sellers threw a 
29 -yard touchdown pass to Zach Ellis 
with 20 seconds left to give Dartmouth a 
victory and keep alive napes of a tie for 
the Ivy League title. 

Sellers, who completed only 8 of 26 
passes for 104 yards and three inter- 
ceptions. hit three of those passes for 63 
yards as he drove the Big Green S7 yards 
far the winning score. 

Princeton 9.YM* o Quarterback Hurry 
Nakielny came off the bench to throw a £ 
fourth quarter touchdown pass that 
helped Princeton to a victory. 

Nakielny, the Tigers* regular quar- 
terback, injured his ribs last week 
against Penn, and junior John Burnham 
made his first career start and completed 
8 of 14 passes for 8 / yards before being 
relieved by Nakielny with 5: 1 2 remain- 




-1UL 

■L -p 


ing in the third quarter. 
Nakielnv threw a 30- 


Nakielny threw a 30-yard scoring 
pass io Phil Wendler with 9:08 left in the 
game. 

Princeton is constructing a new sta- 
dium and played the game at Giants 
Stadium in East Rutherford, New Jer- 
sey. 

Conwll 33, Columbia 22 Brad 
Kiesendahl ran for three touchdowns as 
host Cornell scared 30 unanswered 
points to beat Columbia in Ithaca, New £ 
York. 

Columbia was up 14-3 in the second - 
quarter when Kiesendahl sparked a Big 
Red comeback and scored on a 1 3-yard 
run. John McCombs kicked a 35-yaxd 
field goal in the third quarter for Cornell 
(5-4, 3-3 Ivy). 

Columbia (3-6. 2-41 scored with three 
minutes left in the gome when Brad 
Thomason threw a 26-yard touchdown 
pass to Justin Meadlin. 


j- l ’ 


, V- 




ifc-w* 


- .u-A 




■ 


Scoreboard 


Milan 





BASKETBALL 


NBA Standings 


ATLANTIC DtVBHOH 



W 

L 

Pd 

GB 

Miami 

6 

3 

M7 



New York 

6 

3 

M7 



New Jersey 

4 

3 

sir 

1 

Orfando 

S 

4 

-556 

1 

Boston 

4 

S 

.444 

2 

Washinglon 

4 

5 

444 

2 

PhBadelphta 

2 

6 

.250 

3ft 

CGHTRAL OfVISION 


Altonta 

9 

0 

uno 



Cnoriotte 

5 

3 

425 

M 

MHweukeo 

5 

3 

625 

3ft 

ChMogo 

6 

4 

<600 

3ft 

Oevekmd 

4 

4 

JOO 

4ft 

tndkraa 

4 

5 

444 

5 

DehaH 

4 

6 

M 

5ft 

Taranto 

1 

8 

.111 

8 

wisran core 

EH 

SMI 


MIDWEST DIVISION 



W 

L 

Pd 

0B 

Son Antonio 

6 

3 

467 



Minnesota 

S 

3 

625 

ft 

Utah 

5 

4 

.556 

1 

Vancouver 

4 

5 

-444 

2 

Houston 

3 

4 

.429 

2 

Data 

3 

5 

J75 

2ft 

Denver 

0 

a 

.000 

5ft 


MancomsxM 



LA. Lakers 

7 

0 

1600 

• 

Phoenix 


i 

S33 

lft 

Portland 

6 

2 

.750 

lft 

Seattle. 

6 

3 

<667 

2 

Sacramento 

2 

7 

.222 

6 

LA. CBppcra 

1 

7 

.125 

6ft 

Golden State 

0 

8 

400 

7ft 

MBArSIB 

son 

s 


Toronto 

31 

24 

17 27— 99 

Boston 

31 

22 

24 26 — 103 


U 21 2S 41— 103 
22 a 24 30-104 
S; Ridmond 8-185-623. Atari-Rani 7-TS 
A: Loenner7-l24^ 13. Henderson 7- 
113-;i7.ltataiiRdi »iaciannta55(Oireas 
& WHSomson & Potynfce 8). Alton ta 56 
(Loettner 17)- Assists— Sacramento a 
(Richmond 6), Atlanta 72 (Bieytock 6). 
i_A.uftan a 30 16 a io 12— m 

Houston 20 IB a 31 10 2—102 

LA. Lakers: Von Exei 12-2S 5-5 3S, ONeal 

8- 108-13 24 H: Drwtral1-2S 10-1335, Wiffis 

9- 17 2-2 a. Reboonds— Lofcea 57 (ONeaf 

l&Houston 66 (Barkley 22). Assists— Lakers 
21 (ONeal Bk Houston 25 (Drexter 7). 
ChartetM » 20 19 28- a 

Chicago 35 23 U a— 105 

C: PtiiUs 6-13 2-4 14 Geiger 5-9 4-5 14 C 
Jordon 12-24 2 2 2 & Kufcoc 6-10 4-5 18. 
Retamds-Chortotto 47 (Geiger 9). CMcooo 
54 (Rodroon 14). Aafcta-Otarfotte 26 
(Wesley 61. Chicago 23 (Jontan 7).. 

Seattle 72 a 25 35-104 

DM 31 26 34 39-110 

S: Schrernp* 8-U 9-10 26. Payton 7-15 7-8 
21;t£MalOM7-129-T72lHoiMKi*8-l45- 
5 23. Rebounds— Seattle 41 (Baker 12). Utah 
49 (Motom 12). Assisi*— Seaffle 17 
(Aidhony 5). Utah 24 (Eisley6). 

PboeJJl 27 23 a 8 13 K 11—140 

pert, a a a a t » it 19-139 

Plwmc Manning 14-21 7-8 35, Chapman 
11-25 3-4 2ft Portland: Rider 12-36 6-8 35. 
Grant 13-198-10 34. Jtataee ds Ph oe nix 46 
(Johnson 13), Portfctod 77 (Grant 17). 
-Phoenix 33 (Kidd 16L Portia rid 29 


(Sabonis 7). 


T;Wlffioms9-154-52&StMdOMh«5-137- 
9 17; B: Walter 9-17 4-6 22. Batons 5-14 9-10 
22. RrtMMds— Taranto 48 (Wi&asa 12), 
Boston 56 (Walker 181. Assists— Taranto 21 
(Staodaratre 9), Boston 25 fWtofter5). 
Miami 20 IB 12 28— 78 

Indiana a II & 17-0 

M: Brawn 9-18 3-3 21, Austin 7-14 74 14 fc 
MiSer 7-15 7-7 21, Smite 7-16 3-4 17. 
ftebeundi Miami 48 (Brawn HD. Indtona 58 
(A. Oasts 13). Asrtsts— Mini 18 (Hardaway 
Sh Indtaia 17 (Jackson 9). 

Demur II 11 It a-B 

Orlando 30 73 31 T9-M3 

D: Newman 10-163-423. Goldwire 5-72-7 
13; O: Grant 10-15 1-2 21. Onflow 7-104* 18. 
Rebounds-— Denver 42 (Gairaft 7), Orfando 
54 (Outlaw 11), Assist*— Denver 17 (Gofd- 
wke, Jackson 51, Oifando 29 (Armstang 9). 


26 23 36 30-105 
28 34 17 16- 77 
t MuBn9-ll 2-2 20. Smite 8-13 3-4 19s T: 
Watoce 7-16 3-3 17; Stoudaroirc 44 2-2 Id 
McGrady 5-11 0-0 10. Rebounds— Indiana 52 
(Jackson 10), Toronto 34 (MoCrady 11). 
Asstets— indkma 34 (Jackson ID, Toronto 27 
(Stowfamto 14). 

Saeraamato 27 19 13 28- 87 

Now York 29 23 32 30-114 

& Richmond 6-15 5-7 lft Funded* ik© 6-11 
3-3 !& N.Yj Ewing 7-93-5 17^_iahnson4- 10 
64 H Houston 5-8 *414, M*s 5- 13 3-3 14. 
IH hoaads S a cra mento 40 (Owens Si. New 


Orlando 7S 21 22 33-102 

Wash in gt o n 29 18 14 30- 91 

0: Outlaw 99 6-10 24. WKhtt 5-13 12-13 
23L W: SJriddand 10-203424 Murray 9-20 2- 
7 23. Rsbaaads— Ortanda 59 (Outlaw 13). 
Washington 49 (Hum. Oasis 9). 
Assists— Orlando 19 (Annstrang S). 
Washington 19 (Strickland 9). 

Danwr 21 » 20 29- 93 

Mton) M J4 22 20 96 

0:EB87-155-52a Jackson 7-154* tfc M; 
Hardaway 10-16 3-4 2 ft Austin 8-15 1-5 17. 
Roboands—Oenver 49 (Garrett 12 ), Miami 49 
(Austin 13). Asststf-Owner 17 (Sfflh & 
Miami 21 (HaniowayO). 

LA. cappers 30 » 24 22-96 

Onrtotto 41 21 36 32—130 

LA. Gpoers Rogen 7-16 10-1224 Wright 
2-5 8-10 UtG Riot 13-19 7-736. Cony 8-140- 
0 lft R e b ou nds C a p pers 40 {Vaught B>. 
Charlotte 62 (Dtaoe 11). Assists- drapers 13 
(Mart* 5), Owriolto » (Wesley Iffl. 

New Jersey 23 24 18 12 9-88 

Detroit 51 n 13 23 T7- 96 

N _L Canon 10-20 8-9 29, GN 9-20 1-4 lft 
D: Hunter 90 16-18 35, Scaly 8-11 56 22. 
im to a n d s How Jersey 46 (JaWfaws 18). 
Detroit 61 (B.MStoms 12). Assists— New 
Jersey 20 (COssel 8 ). Dotro»l3 (Hunter 5). 
dnotood 12 18 a 19-70 

Chicago 74 34 24 15- 79 

C: Anderson 5-11 2-2 1 Z Ken* 5-12 1-2 1 1; 
C Jordan 11-26 4-7 27, Lanetoy 7-15 1-1 IS. 
Ruhooods— Ctouekard 63 (Kerap 1 Si. 
Ctocaso 50 (Rodman 18). Asstats-Oeve- 
land u (KsftgBsy A Chicago 20 (Kukoc 7). 
wo* a 19 a 21 -ts 

Date 17 19 If a— 77 

U: Mntooe 12-20 2-2 2 ft Faster 4-7 2-2 lft 
D: Green 69 MU SMcMand 4-9 2-2 12JM- 
ho u n ds Ut ah 47 (Matooe 10). Dates 42 
(Bradley 14 }. Assists— Utah 24 (Honwcek 
101. Dimas 19 (Fraley 7). 

Mranraota 33 28 24 28-105 

S c m Aato n i o 26 a » 25- 94 

M: Garnett 9-20 8-1 1 2ft Gegllolto 7-1 5 9-10 
23i A: Rolrinsen 8-20 13-1829 Duncan 5-85- 
10 15. RotMunds— Mnwesata 63 (GugSoflo 


Vancouver 44 {Newbfl IQ. Assists- 
— Milwaukee 24 (Brandon 1 3B, Vananwer 27 
(Abdul-Rahtm & Thorpe 5). 

Leading College Scores 


EAST 

Bucknefl 72, Robetl Monts 56 
Connecticut Bft Yale 57 
Georgetown 8ft Gearglo SL n 
Seton HaB 7ft Si Petors 60 
St Bonaventure 7L BawOng Green 63 
St Johns 7Z Lafayette 49 
Syracuse 6ft N £.-Aslwv8e 57 
West vligMa 87, East Cbreaou 66 
■oum 

Florida 6ft Nictate St 63 
Iona 9& Morgan St 92. OT 
VaKtorhtt 81. E . Tennessee SL 53 
Woke Forest 8& VMJ 70 
wasara & Maty 72. Stetson 51 


Austin Peay 67, 0ranvflte62 
Bradley 81, Montana 54 
W. Michigan 6ft Midrigan 63 
SOUTHWOT 
Baylor 9ft Trey SL 44 
Oktofaoma 7ft Jackson St 62 
Okkdioma SL 10X Tenas-POB American 71 

FAR WEST 

Buffalo 8ft S. Utah 75 
Long Beodt St. 51 Florida A&M 51 
Portend 7ft FalrtleW5S 
San Franckco 7ft UC Irvtne59 
UNLV9& Loyola Morymouot 81 
Utah 87, C9l St-FuH«rton 59 


ICE HOCKEY 


NHL Standi nos 


ATLANTIC OtVWON 


York 48 rookfe* Dudley 10). Assisls- 
— SuuHiwito 25 (Rtotmond 101. Now York 
24 (Houstoa Chlkb 6). 

Boston 27 18 36 36-1017 

PhBodelp M u 20 26 27 28—101 

B:We6ker9-aS8Zft McCarty 8-11 3-4 lft 
P: Stockhouse 8- 166-723, Cotoman 5-106-10 
lft Rebounds Boston 49 (WtAer I3L 
PMadetpMa 66 (Cotoman IS). 
Assists— Boston 29 (BBops 9), PtatCKWphra 
27 (Jackson 7, Coleman 71. 


12). San Antonio 66 (Robinson IB). 
Asshrts— Minnesota 21 (Mottwry 7h San 
Antonio 18 (Johnson 7). 

Pontaad 27 25 28 19—99 

Guidon Stale 25 79 17 16- 87 

P: Rider 7-17 3-3 19. Wcttras 6-13 2-2 14 
Sabonis 4-14 66 14 GftjSmRh 10-21 6-7 2ft 
SpraweB 7-19 10-12 2ft Rebeuote-Parttand 
67 (Sabonis 12L Golden State 44 CSmMi 10). 
Assws— Portaod 17 (Anderson 61 Golden 
State IS (Spreweft Bogutt 6). 

Mteraokoo a 31 a 8— 94 

Vtaoraver a 36 24 24—109 

M: Brandon 18-16 2-22ft Aten 7-12 46 2ft 
V-.AMo«o*m7-W 18-11 24 Thorpe 7-135- 
6 19. itabaunte— MBwauken 34 (HH 11). 



w 

L 

T 

Pis 

GF 

GA 

New Jersey 

M 

5 

0 

28 

60 

34 

fteJW 1 — l>-i- 

12 

6 

3 

27 

65 

49 

Washington 

12 

7 

2 

26 

60 

48 

N.Y. tenders 

8 

8 

4 

20 

56 

50 

N.Y. Range's 

5 

7 

7 

17 

47 

49 

Florida 

6 

9 

4 

16 

42 

57 

Tcuapa Bay 

2 

14 

2 

6 

31 

65 

NORTHEAST DIVISION 



Montreal 

13 

5 

2 

28 

67 

44 

Boston 

10 

7 

3 

23 

51 

47 

Ottawa 

9 

8 

4 

22 

60 

53 

Phtsburgh 

9 

9 

4 

22 

59 

59 

CareOna 

8 

9 

3 

19 

57 

58 

Buffalo 5 

10 

4 

14 

47 

61 

CENTRAL DM810N 

* . 



W 

L 

T 

Pts 

OF 

GA 

ST. LOWiS 

14 

5 

2 

30 

69 

45 

Detroit 

13 

5 

3 

29 

» 

49 

Dallas 

11 

6 

4 

26 

66 

55 


Ptaenis 9 8 2 20 57 S3 

Chicago 7 12 1 IS 17 9 

Torerte 6 9 3 15 36 S3 

RACnC DNIBQH 

Cotaodo- 10 4 6 26 60 48 

Los Angeles 9 B 4 72 77 60 

Anaheim a 7 5 21 SI 55 

Edmonton S TO S 15 46 67 

SonJose 6 14 1 13 53 69 

Vancouver 4 13 3 11 49 73 

Calgary 3 13 5 II S3 71 

MDIPllMn 

Pittsburgh 1 0 0-1 

N.Y. Rangers 0 1 2-3 

1st Period: P-Jahanraon 3 (Werenka. 
Strata) (sh].2d Ported: N.Y.-Ke«me4 (Berg) 
N Praia* N.Y.-Kmrate* I (Sweoney. 
Krapovtaev) 4 N.Y.-Leetdt4 (rad. Shuts 00 
goat: P- 10-TM0-32. New York 69-1 1—26. 
Goatev P-Barrassa New York. RJctter. 
CMorado 1 0 0-1 

NtwJsney 2 1 1-4 

1M Parted: NJ.-HoBk6(McKay1ftC-tYefle 
2 (Kurt RJfcd) 3, NJ.-Mdtay 9 (BomtamSr) 
2d Parted: NJ.-Hote 7 (Niedermoyec 
McKay) 2d Prated: NJ.-Syttnro 8 (Dean) 
State on goal: C- 7-96-21. IU.- 13-7-7-27. 
Godtec C-Roy. N_L-Brodeur. 

N.Y. Istaodsn 1 2 1-4 

Thugra Buy 0 0 1—1 

1st Ported; N.Y^Owrake 7, (sft).2d Prated; 
N.Y.-Ctarata 2 (BcttunL Houdo) (pp). 3. 
N.Y.-Green 8 (Hough, CzraknrtskQ 3d 
Period . T-Se0vanov 3 (Hamrttk, Ronberg) 
(pp). & N.Y.-Reictal 8 CPatffy, Green) (pp). 
State on goat: New York 56-7— lft T- 7-11- 
16—34 Goratest Now Yhrfc Sato. T-Schwah. 
PhftntetpMa 0 2 3-5 

Ftarida 0 1 1—2 

1st Prated: Nora. 2d Petted: F-WhBnay 4 
CSvehta) (pp). 1 P-LeOutr 17 (Coffey, 
BrfndAmour) (pp). ft P-Deskmflns 3 (Un- 
dras, Grattan) (pp). 2d Period: F-Gcgner ft 5, 
P-, LeOoir 18 (UndRte Watt) ft P-Podan 4 
CGruttan. Zotovs) 7, PJOatt 3 (LeCtoto 
Undros) State oa goat; P-10-7-10—27. F-5-1 1 - 
8— 24 GooBok P-Snow. F-VOnblesbroock. 
Vaneoom 2 10 0-3 

Anaheim 1 2 0 0—3 

1st Period: A-Setaraie 1 9 (Rocctda Young) 
(pp). ft V-Mogttny 1 (Mosstor, Bure) ft V- 
Lumme 2 (Bure) (pp). 2d Period: A-Setanne 
2ft ft A-Drary 4 (Rucctda Knrpa) (shj-ftV- 
Noonan 5 (SflBnget Nuskmd) 3d Period: 
None. Overttrae: None. Stats on gosh V- 10- 
11-4-1 — 26. A- 15-8-9-1— 3X Grarites: V- 
McLenn. A-Shtotenkov. 


CnJgory 0 110-2 

Edraoatna 10 10-2 

1st Parted: E- Weight 8 (Grier). 2d Parted: 
C-Tdw2 (Nytonder , TohoroccO 3d Period: C- 
Hoise 3 gatoptel Ftearv). 4 E-Mhonov 5 
(WefgM, Watt) (pp). Oteritaw: None. State 
an goat: C- 86-7-1-22. E- 11-14-7-2—34 
Coates: C-Tabarocd. E- Joseph. 

Ptaenis 2 1 8-3 

Sen 8 1 1-2 

1st Prated: Phoenix. Drake 5 (Tkochuk, 
Nummlnen).ft Ptaenht JanneyS (Tkoctmk. 
Tocehel) (pp). 2d Pa rte d: Phoenfc, Ttactak 
11 (Doon, DWudO 4 SJ.-Nonrav I 
(Korotyuk. Rognotsson) 3d Period: SJ.- 
Sturm 4 (Staldft GOD Shots an gad: Phoenix 
96-2-17. SJ.- 11-7-12-30. GoaHts: 
Phoenix, Wtfte. SJ.-Hradey. 

Dallas 1 3 1-5 

Lai Anglin 8 1 0—1 

1st Period: D-Vratreok 7 (Hogue, Adorns) 
(pp). 2d Parted: D- Lang onh runner 8 
(NleuwetKtyk, Zobov) (pp). ft LA-Gottey 4 
(Stum pel CJohnsort) (pp)- 4 D- Hogue 3 
(Mariana NteuwendyM (pp). ft D-Modano 
10 (Letrtinen) (stu. 3d Parted: D- 
Nieuwendyk 12 (Langenbrannac, Sydor) 
(pp). Stats on goafe D- 4-13-7-24. LA.- 4-9- 
6-19. GooSes: D-Beltear. LA.-Flsat : 


CRICKET 


WCTOWA VS. NKW ZBALANO 
4-04Y HATCH. THRO OSY 
SUNDAY IN MELBOURNE. AUSTRALIA 
Now Zealand; S and 147 tar seven 
Victoria 173 

Ml LAMA TOW 
INDIAN BOARD XI VS. 9W LANKA 
3-DAY MATCH, TMRO DAT 
SUNDAY M CUTTACK. HDtA 

Indian Board Presldante XI: 294 and 10-1 
Sri Lanka 198 tor nine declared 
The match ended hi a draw 


Taikeiyo Masters 


FOOTBALL 


Leamnq College Scores 


ADVERTISEMENT 



• -Til 0-3 

Boston 1 0 2 0-3 

1st PsrtsdiO- York 1 (YastdaDadceQftB- 
Khrlsttdi 6 (ASsoa DHtato) (pp). 2d Prated: 
O-Kitachakd (Alftedsaon, ZhotaM (pp). 3d 
Parted: 041814 (Gardtoeri ft B, Samsonov 2 
(McLaren) ft B4XMato 4 (Donato, ESett) 
Orratiare: None. Stats on goat: O- 9-8-11- 
3-31. B- 10-MI -2-25. GaaSes: OTugnolt 
B-Datae. 

Rorido 0 0 1—1 

N.Y. tshmders 0 0 8-0 

1st Period: None. 2d Prated: None. 3d 
Periota F- Whitney 5 (Murphy) Stats ou goat: 
F6«-23. New Ybrtt 8-96-23. GoattesrF- 
PazpahidL New York, Rdnad. 

New Jersey 2 1 0-3 

BuffUe 1 0 1—3 

1st Patted: B-Peeo 2 OMooDey. ZhtadU 
(»). Z NJ.-AndreyetHik 2 (Nledamaya; 
Sykond ft New Jersey, Gftnow 4 (Sykora, 
taemmar & i 2d Perieta NJ.-H0R 8, 3d 
Parted: B-Gfl»ek4 CAbdeltft Woo9ey) Stab 
on NJ.. 14-11.7— 32. B- 7-7-10-24 
Gocdhs: NJ.-firadeur. B-Htaek. 

Washington 2 0 1—3 

Moafnra) e 0 2—2 

1st Period: W-Oates 7 (TtradD ft W- 
Bondra 11 (Johanssoa. Sbnwi) (pp). 2d 
Period: Mens. 3d Period! M-8ueoe 3 
mxtar. RtoeO 4 W-Bendra 12 (Shwv 
Oates) ft M-Darapbouise 7 (Bure. Savage) 
State aa good: W- 1066-21. M- 8-15- 
12—35. QaaHote W-Kotrfg. AA-TMhaud. 
PBttw*» 1 3 1-5 

Teraato MH 

IS Ported: P-Bames 4 (jahemm 
Fumds) 2d Periwfc P-Frands 8 (Baras 
WraentaJ ft P-Mareza* ft 4 P^Jeaam 2 
[CFenura Meta ) 2d Period: P-Staha 6 
(VON (stO.SMtseBgsafc P-966— BIT-46- 
B— 2ft GaafieL'P-Bomssa. T-Pohat Hedy. 
Deheft 0 2 8-2 

SL Laois 3 11-6 

1st Parted: S-L-Gwptatt 4 (Coortnoft 
Modraiis) ft ftL-Ceortnan 9 (Poeectak) ft 
LL> HuR 11 (DtKbom. Dendta) (PR). 2d 
Ported D-Shanohsn 9 (Larionov, Morphy) 
(pp). ft 5-L-Mgdnrtis 9 (Ductresne, Hod) 
(pp). 4 D-Kocur 2 (Draper. Shanahan) 3d 
Prated: SJ_*Huo 12 (Ctontnaft DcraBra) 
State an geafc D- 8-KM1-29. LL- U>7- 
10 — 28, C a ah tSi D-Osgood. SL-Fohr. 


EABT 

Array 2ft North Texas 14 
Backnol XL Towszin 0 
Conmdfcut49. Masrachusetts 16 
CameB3ftCtairab)a22 
Dartmouth l ft Brown 7 
Detoware 24 Lehigh 19 
Duquesne 3ft Cantehrs 7 
ForUhcm 42, Geor ge tawr v DX. 0 
Harvard 33. Parra 0 
Lofoyette 34 Holy Cress 23 
Navy 5ft Colgate 24 
New Hampshire 3& Boston U. 0 
N o rtheastern 2ft Maine 17 
Princeton 9, Voted 
Syracuse 3ft Phtsburgh 27 
VBksiovn 42, Buftakr 28 
West Vbglnla 41, Temple 21 
SOUTH 

Auburn 45, Georgia 34 
CBodet 28. VM1 6 
Flortdo 48, South CoraBm 21 
Ftorido A&M 2ft S. CoraHna St 20 
Florida St5ft Wtae Forest 7 
Georgia Tech 41, Duta 38 
Kentucky 21, Vandrabnt 10 
Memphis 7LLoohv»e 20 
Miami 51, Rutgers 23 
Mississippi 41. Tuione 24 
Mississippi St. 3ft Alabama 20 
Moreheod SL 54 EvansvWe 27 
N. Carolina SL 31, Virginia 24 
North Caroltoo 17, damson 10 
Notre Dame 24 LSU 6 
Southern Miss. 3ft Houston 0 
WlKtom & Mary lft Richmond 7 


Final scone Sunday In ISO mMton yen 
(81.18 mhUan) Sumtumo VKA7toheiya Mee- 
tras at 7,072-irvd (ft430vnetor), par-72 TaL 
heiyo Mamraa Oouree In Gotoraba. Japan. 
Lee Westwood Eng. 686865-71—273 

"Jumbo" OrahLJao. 71656968— 273 

N. "Joe" QzakL Jap. 67686969-273 

Tore Suzuki Jap. 70-716766— 374 

Mark O'Meara, Uft. 69676969-274 

Y. MtanoaW, Jap. 66-70- 7P69— 275 

Chen Tzt-chirag. Tahir. 696967-70-275 

Roger Mockay, Ausft 6769-7268-276 

TatoNTesWmaJap. 696968-70-276 

Daren Ctoike, N. Irt 686869-71— 276 

Volvo Masters 


Rnel ecaras Sunday in 8200,000 VUvo 
Masters of IWoyala on par-72 Kaiab Golf 
SiAtan Abdul Aakr Shah caurau In Kuato 
Lumpur: 

Christkm Pena Uft 59-706869-276 

Hsietl Yu-shu, Taiwan 7265-70-70-377 

Crafg Kamps, S- Africa 70-716869—278 

K. Yaung-st*, S. Kor. 71-716968-279 

SbnonYWes, Scotland 706769-73-279 

Jyah Randhawa, India 72-7069-70-281 

Lai Ylng-klh, Tohe. 73-71-7167—262 

Chang Tse-Pen»Tolw. 746969-70— 282 

Vlvek Bhandari, Inrflo 7369-70-70-282 

Park Nom-sIaS. Kor. 73-71-7267—283 

C PtephoL Thalia rut 71-70-71-71—283 


RUGBY UNION 


AUSTRALIA TOON 
TEST ON SATURDAY IN LONDON 
England lft Australia 15 

SOUTH AFRICA TOO* 

TEST ON SATURDAY M LYON, rWANCC 
France 32, Sooth Africa 36 

NEW ZEALAND TOUR 

TEST ON SATURDAY M DURUM 
Ireland 15. New Zealand 63 

TONGA Tour 

TEST ON 8UMJAY M SWANSEA. WALES 
wain 4ft Tanga 12 


FROM CONC AC AF 
Mcxtco. United States 
Iran <*41 meet Oceania winners AtshcLs 
overtvralegs om Novemtier K ana 29 anmihe 
winners going IhrouoMo the (neb. Two mere 
wfil teams wUquaHy (ram soufn AmencBSVJ 
CONCAC4F after games late on Sunday. 

The efraw tor find* ukw piese mMarsedte 
on December 4. 

8MNUN9NUT 
Real Sociedad 0. AtieBco h^oari 2 
Barcelona ft Celia Vigo 2 
Deport iva Cora no 1, EspowH i 
Mallorca 1, Oviedo 1 
Racing Santander a Athletic Bitbcw C 
Sotemanco C. Compoatolo 1 . 

Sparring Gilon 2. Zaragoza 3 j| 

RTAHOINOR; Borcdana 28 potnlh Rcl . 
Madrid Cello Vigo 24. Espanysf 2ft ASeha 
Madrid. Real Sactodod 22 Mallorca 2a Ath- 
letic BBbao. Oviedo 1 ft Real Bens. Zoragon 
Merida H Deporrira Coruna, Compostela 11 
Racing Santander IS Tenerife 1 1; VaOadofid 
9, Valencia ft Salamanca ft Spoiling Glfon 1. 

ran at rwrar mvmson 
B ordeoinr a Part* 5T Gramatn 0 
Otymplque MarselHe 4 AuwreO 
Nantes l, Mat: 1 
Toolousel, Monaco 3 
MantpoUter 1, Bastia 1 
RC Lens ft Comes * 

Otympigue Lyon Z Chateaumn 1 
stand mobi MaredBc 33 pewtc PSG. 
Met: 31; Bordeaux 30s Monaco 29r Lem 2& 
Bsstta. Amerre, Lyon 23; MontoeSer 2L 
Toulouse 20, Nantes 17. Guingomp. Odaw- 
raux is, Strasbourg 14 Le Havre, Rental It 
Cannes 11. 

Dvrai first Brvtmofi 

WBera It Thbuig ftTwentoEnsctad I i 
Fortune sbtord ft Heerenvnrn 1 * 

Sparta Rottradom a MW MoosMchf 8 
Groningen I. PSV Eindhoven ] 

GreqhcTwp Doetlnetam ft Fe yewaradtt ■" 
Utrecht ft RKCWntori|k1 
NEC Nttmogen (L VKesse Arnhran 2 
stanwhori Ajax AmstordamAOlWtelR 
PSV Eindhoven XL Vitesse Arnhem 3b 
Heeronveen 2& Feyenaard 2ft- Twen teE» - 
«tade 2Q, Rofla JC Kwkredte NEC .Mb 
knegen 19; Sparta Retantora tft litre Otr ‘ 
Fortuna SRtoriL Gmatschap Dooanctranlft- 

NAC Breda WWem II TBbattt.GioalnBrafcni:: 
Moosmchi lft woabriik II: Votondm 7L 
hcomsH PMjwm retvuwte 
Aberdeen l, Rongen 1 
Celtic 0. Motherwell 2 
DunterraUne AlMcttc ft HltarMon i 
Hearts 2. St Johnalone I 
Ktenomoefc 1. Dundee United 3 




f .v V^' 

- 1 * sk«(' 


' ’• fh 

• - >w 

. .. - a, -fits 


* ^^’rr. 


-r- : 

1 Ai.i-J&ti 



Drake 27, Northwestern, Iowa 20 
Kansas SL 37, Caiarado 20 
Miami OMo 4ft N. UHnatsQ 
Michigan 2& Wbconstn 16 
Minnesota 24 Indiana 12 
Miss&uri 4ft Baylor 24 
Nebraska 77. Iowa SM4 
Northwestern lft lawa 14 
OMo St. 41, (Knots 6 
Perm St 4ft Purdue 17 
SE Missouri 28. S. Ulbiob 17 
samiwEST 
Soalhran Moth. 4ft Tulia 41 
Sorthem U. 27, Terns Soolhem 1 7 
Tenaessue 3& Aitamsas 22 
Tew 4ft Kona 31 
Tew A&M 51, Oktataroa 7 
Texas Tech 27. Oklahoma St. 3 
Texos-Ei Pose 24 Terns ChrisBan 17 

FAR WEST 

AtrFaraei4Wyomfeig3 
Artrone H, CaRfomia 3& 2QT 
Aiftona St 5ft Oregon 31 
Idaho 35L Now Mexico St. 18 
>(h>ta5l.3ftP«RatdSI.24 
Montana 3ft Weber St 13 
New Mexico 3& Brigham Yeung 28 

Srai Diego 5ft Wpgner 29 
SdR Diego St 2ft Fresno St. 19 
San JaxST.3ft Hawofl is 
Smrthum CM 2ft Oregon SL 0 
UCLA 5ft Washington 28 
Utah 31, Rice 14 
Utah St. 3ft Nevada 19 
Washington St.3ft Stanford 28 


AOOTkAUATOUR 

Great Britain 20, Amtmlto 3/ 
AirtraBo won 36totch series M. 


World Cup 

WonMioWbUTMH 

Vuooalovta ft Hungary 0 
Tugasirrio won 12-1 anogoroaote 
Ukraine 1. Croatia 1 
Qoatto won 3-1 on apgregate. 

Betgtom ft Ireland 1 

n" 1 °«rc w te- 

Italy l.RinsiaO 
Italy won 2-1 on aggregate. 

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INTERNATIONAL HERALD TRIBUNE, MONDAY, NOV] 


DMisia 


117,1997 


PAGE 21 


SPORTS 


" r iii 


> Knicks Bounce Back 

This Time, Kings Are the Losers, 114-87 


John 6lSinc ' ulee * P“*on» 96, Nats 99 Lindsey - Hunter 

eight K^SSn S ? r ^ 1 1 i poiflts 10 iead S f ored a career 'hiS 35 pcLs and 
YoricSoSt ? d ° Uble figu -”r s ®® Nev l 5 .^ *e entire game to lead host 
the season’hv'lf m ° StSl ^ pr J?“ lgIossof ?^ ,tt0 a comeback victory over New 

Khi^Tilg? . beMm8 me SacramcDt0 * 


• hoicks have won their last three 
SS J° r f bound from a 1-2 Western 

• C P P *« deluded a loss at Sac- 
ramento on Nov. 9 

Patrick Ewing had 17 points and sev- 
en rebounds Saturday night, and Chris 


NBA Roundup 


ft- 


’"itlllTr \ 


MjUs, AUan Houston and Larry Johnson 
each scored 14. Charles Oakley had 1 1 
points and 10 rebounds, Charlie Ward 

"??. fr n,s J lcd w »th 1 1 points, and Chris 
. Childs added 1 0. 

■ Mitch Richmond led the Kings with 
18 points. 

t05, Raptors 77 In Toronto, 
▼ Chris Muliin scored 20 points on 9-of- 
1 1 shooting and Rik Smits added 19 as 

■ Indiana continued its dominance of the 
Raptors. The Pacers, who have never 
lost in nine games with die Raptors, 
controlled the tempo from the opening 

■ tip-off. John Wallace had 17 points for 
the Raptors. 

- Magic 102 , WLu w Us 91 Charles Out- 
law scored a career-high 24 points on 9- 
for-9 shooting, and Derek Strong had 10 

- points in the decisive third quarter as 
Orlando defeated host Washington. 

• Both teams played without their two 
leading scorers: Rod Strickland scored 
24, Tracy Murray 23 and Calbert 
Cheaney 19 for the Wizards. 

Hornets 130, CEppors 96 Glen Rice 
scored a season-high 36 points and 
Charlotte took advantage of one of the 
worst defenses in the National Basket- 
ball Association to beat visiting Los 
Angeles. Dell Curry added 1 8 points for 
the Hornets. Los Angeles got 24 points 
from Rodney Rogers. 

Catties 1 07, 76*rs 101 Antoine Walk- 
er had 25 points and 13 rebounds as 
Boston held off a late rally to defeat host 
Philadelphia. Walter McCarty scored 19 
points. Tyus Edney had 14, and Cbaun- 
cey Billups and Greg Minor scored 12 
each for the Celtics. Jerry Stackhouse 
had 23 points and Jimmy Jackson had 15 
for Philadelphia. Derrick Coleman ad- 
ded 18 rebounds and 1 6 points. 

Heat 96, Nuggets 93 In Miami, Tim 
Hardaway scored the last of his 26 points 
a a 3-pointer with 1.9 seconds left to 
give the Heat a victory over winless 
Denver. Hardaway matched a career- 
high with 1 1 rebounds, eight in the third 
quarter, and had eight assists. Isaac Aus- 
tin added 17 po.ints and 13 rebounds. 
LaPhonso Ellis scored 20 points to lead 
five Denver players who scored in 
double figures. 


Jersey. Sam Cassell led the Nets with 29 
points. Jayson Williams had 13 points 
and 18 rebounds. 

Jaz*65, Ua wricks 77 In Dallas, Karl 
Malone scored 26 points and made two 
clutch baskets late in the game to thwart 
the Mavericks' comeback attempt. Mi- 
chael Finley had 21 p oints , and A.C. 
Green added 13 for Dallas. . 

Bulls 79, cavafim 70 Michael Jordan 
sewed 27 .points and Dennis Rodman 
pulled down 18 rebounds as host Chica- 
go avenged one of its most embarrassing 
losses in years by bearing Cleveland. Lac 
Longley added 15 points for the Bulls. 

Timborwolvaa 105, Spurs 94 Kevin 

Garnett scored 26 points, Tom Gugli- 
otta scored 23, and the two showed no 
fear of taking on San Antonio's big men 
as Minnesota beat the host Spurs. Gar- 
nett finished 8-of-ll from the free- 
throw line, and Gugliotta was 9-of-10. 
David Robinson led all scorers with 29 
points and 18 rebounds for the Spurs. 

Gnzkfios 109 , Bucks 94 In Vancouver, 
Shareef Abdnr-Rahim scored 24 points, 
and the Grizzlies held Milwaukee to hist 
eight points in the fourth quarter. Otis 
Thorpe contributed 19 points, while Sam 
Mack chipped in 13 in his first start for 
Vancouver. Terrell Brandon Jed Milwau- 
kee with 22 points and 13 assists. . 

Trail Blazers 9% Wa r rio r s 87 Kenny 
Anderson made two 3-pointers during a 
decisive 12-0 run in the third quarter to 
lead visiting Portland past winless 
Golden State. Anderson finished with 13 
points and 10 rebounds and Isaiah Rider 
had 19 points for Portland. Joe Smith 
scored a game-high 26 points and Latrell 
Sprewell scored 25 for the Warriors. 



Kanell Lifts Giants 


N. Y. Stays Atop Division as Cards Stumble 


The Associated Press 

Charles Way's first 100-yard rushing 
game — he had 1 14 of the Giants* 201 
yards — and Danny Kanell’s 182 yards 

S is sing and two touchdowns kept the 
iants in first place in the NFC East 
with a 19-10 victory over the Arizona 
Cardinals on Sunday. 

The tost Giants (7-4) throttled the 
Cardinals' running game for die second 
rime this season, tot Jake Plummer kept 
the Ca r d inals close until Jason Se horn's 
interception set up Brad DaJuiso’s clinch- 
ing 34-yard field goal with 4:49 left. 

Plummer completed 22 of 33 passes 
for 388 yards, becoming the first rookie 
to throw for 300 yards against the Gi- 


NFL Roundup 


Vancouver’s Tony Massenburg going up for the slam-dunk as Mil- 
waukee’s Jamie Feick, left, and Michael Curry can only watch and wait. 


New Jersey Wins as Brodeur Bedevils Sabres 


The Associated Press 

Martin Brodeur made 22 saves en 
route to bis 10th straight victory as die 
New Jersey Devils defeated the Buf- 
falo Sabres, 3-2. 

Dave Andreychuk, Doug Gilmoor 
and Bobby Holik scored for the vis- 


11 HL 


iting Devils on Saturday night Mi- 
chael Peca and Micbal Grosek scored 
the Buffalo goals. 

Panthers 1, Islanders O Ray Whil- 
ney scored early in the third period, 
and goal tender Mark Fitzpatrick 


stopped 23 shots for his 100th Na- 
tional Hockey League victory as vis- 
iting Florida beat New York. 

Senators 3, Brums 3 Rob DiMaio 
scored late in die third period to give 
host Boston a tie with Ottawa. 

Peogums 5, Maple Leals 0 Tom Bar- 
rasso stopped 20 shots to lead visiting 
Pittsburgh over Toronto. 

Capitals 3, Canadians 2 In Montreal, 
Olaf Kolzig made 33 saves and Peter 
Bondra scored two goals as Wash- 
ington ended the Canadians* seven- 
game winning streak. 

Blues 5, Red Wings 2 Brett Hull had 
two goals and an assist as host St. Louis 


moved into first place in the Central 
Division with a victory over Detroit 
Stars 5, Kings 1 Mike Modano 
scored his league-leading third short- 
handed goal this season, and Dallas 
had four power-play goals- in its vic- 
tory over host Los Angeles. 

Coyotes 3, Sharks 2 Jimmy Waite 
made a rare goaltending start for 
Phoenix, and Keith Tkachuk had a 
hand in all three goals as the Coyotes 
beat the Sharks in San Jose. 

Oilers 2 , Flames 2 Boris Mironov 
made up for an earlier defensive lapse 
with a third-period goal. lifting host 
Edmonton to a tie with Calgary. 


ants. Frank Sanders caught nine passes 
for 188 yards and Rob Moore eight for 
139 for Arizona (2-9). but the Giants 
sacked Plummer eight times. 

Plummer led the Cardinals to all iheir 
points in the third quarter, freeing him- 
self with a scramble and finding Sanders 
wide open for a 70-yard touchdown that 
made it 10-7. Four more completions to 
Sanders set up Joe Nedney’s tying 34- 
yard field goal 

But the Giants got a brisk wind at 
their backs in the fourth quarter and took 
advantage with an 80-yard. 17-play 
drive for the go-ahead touchdown, a 1- 
yard toss from Kanell to Howard 
Cross. 

Daluiso missed the extra point to 
leave the score 16-10, tot Arizona never 
recovered from the drive that took 8 
minutes, 55 seconds. 

Sues 27 , Patriots 7 The Bucs stopped 
their NFL -record streak of 14 consec- 
utive losing seasons and did it in con- 
vincing fashion with a rout of the de- 
fending AFC champion New England 
Patriots. 

Trent Differ threw for 209 yards and 
one touchdown, Mike Alston and Errict 
Rhett scored on 1 -yard runs, and Tampa 
Bay (8-3) also got a pair of 44-yard field 
goals from Michael Husted. 

The visiting Patriots, who started the 
day tied for first in the AFC East, were 
held to 16 yards and no first downs in the 
first half. 

They avoided a shutout with Scott 
Zolak’s 6-yard TD pass to Lovett Pur- 
nell in the closing seconds. 

The victory was the third straight for 
the Bucs (8-3), who are back on track 
after a 5-0 start was followed by three 
consecutive losses that raised questions 
about whether their fastest start in 18 
years was a fluke. 

Stoelevs 20, Bengal* 3 The Steelers 
took a while to warm up. as snow flur- 
ries flied in Pittsburgh, before Kordell 
Stewart threw two touchdown passes in 


the second half to lead Pittsburgh over 
the Bengals. 

The Steelers (8-3) won their seventh 
in eight games and assured the Bengals 
(3-8) of a seventh consecutive non- 
winning season. Cincinnati, which had 
won two straight games, hasn't finished 
above .500 since 1990. 

The Bengals. losers of 12 of their last 
14 to the Steelers, probably knew when 
the NFL schedule was announced that 
this one would be difficult- The Steelers 
are 9-0 in' November home games under 
coach Bill Cowher and have won 11 
consecutive AFC Central home games 
since losing to the Bengals in 1995. 

Stewart, who finished 1 l-of-22 for 
only 128 yards but no interceptions, hit 
Yancey Thigpen for a 34-yard com- 
pletion to set up Thigpen’s 20-yard 
scoring catch that made it 13-0 in the 
third quarter. Later. Stewart found tight 
end Mark Bruener on a 5-yard scoring 
pass, the tight end's fifth touchdown on 
10 receptions this season. 

Jerome Bettis finally got going 
against the NFL's worst rushing defense 
after being limited to 35 yards in the first 
half, finishing with 101 yards — his 
eighth 100-yard game this season and 
1 8th in 27 games with the Steelers. 

Lions 38, votings 15 Scott Mitchell, 
shaking off a sore leg, passed for 271 
yards and two touchdowns as Detroit 
snapped Minnesota's six-game winning 
streak. 

The Vikings (8-3) have been a team 
of comebacks all season. But the host 
Lions (5-6) roared to a 24-7 halftime 
lead in breaking a three-game slide. 
Minnesota's quarterback. Brad John- 
son, couldn't find his touch. 

Johnson, who has led the Vikings to 
the winning points in the final minute 
three times this season, was 1 9-of-37 for 
177 yards with one interception. The 
Lions rolled up 477 yards to the Vik- 
ings’ 300. 

Jaguars 17, Oilers 9 With two rookies 
starting at defensive tackle and pass- 
rush specialist Tony Brackens out with a 
sprained ankle, Jacksonville kept Eddie 
George in check and got an efficient 
game from Mark Brnnell in a victory 
over the visiting Oilers. 

In beating the Oilers for the second 
time in three weeks, the Jaguars (8-3) 
won their 12th straight game at home 
and remained atop the AFC Central. 

BruneU was 22-of-30 for 267 yards 
and one touchdown, but the injury- 
riddled defense stole the show. The nine 
points were the fewest Jacksonville had 
given up since a 24-9 victory over Pitts- 
burgh on SepL 1, 1996. 

’nie Oilers (5-6) kept the Jaguars 
without a sack for the first time this year, 
but Steve McNair was intercepted twice 
in the fourth quarter. 


Michigan Keeps Its Cool in Wisconsin 


By Timothy W. Smith 

Nee Tori Times Service 


MADISON, Wisconsin — Michi- 
gan's game against Wisconsin was a 
watershed of sorts for the Wolverines, 
who were ranked No. 1 in The As- 
sociated Press poll. The last three times 
they had been No. 1, they had lost the 
following week, getting only a whiff of 
the rarefied air at die top. 

Bl On Saturday, the Wolverines inhaled 
■ deeply and did not pass out. 

Michigan (10-0) beat No. 23 Wis- 
consin, 26-16, here before the third- 
largest crowd in the Badgers* history 
(79.806) to claim at leasr a share of the 
Big Ten championship, maintain its 
grasp on a Rose Bowl berth and keep an 
eye on a national championship. 

* The victory also set up a showdown 
with No. 4 Ohio State in Ann Arbor, 
Michigan, on Saturday. 

Last year, the Buckeyes were un- 
defeated and looking for a national 
championship, and the Wolverines, en 


route to a fourth straight four-loss sea- 
son. smacked them around. 

“Each guy knows the history of that 
game,’' said die Michigan quarterback, 
Brian Griese, who completed 19-of-26 
passes for 254 yards and a touchdown. 




* ‘Each guy knows what we did to them 
last year. We don’t want the same thing 
to happen to us this year.” 

But Michigan might not be No. 1 next 
week. Although they defeated Wiscon- 
sin (8-3). the Wolverines did not do it in 
impressive fashion. This was a hard- 
fought, cold weather, Big Ten type of 
victory, and the 10-point margin might 
not be large enough to maintain the top 
spot Michigan’s main competitors for 
the national championship — Florida 
State and Nebraska — both won big. 

No. 2 Florida State 58, Wake Forest 7 

Thad Busby threw for 390 yards and four 
IDs — two in a 28-point first quarter. 
The host Seminoles (10-0. 8-0 Atlantic 




Coast Conference) had 11 sacks, four 
interceptions and held the Demon Dea- 
cons (5-6, 3-5) to minus-1 yard rushing. 

Now 3 Nebraska 77, Iowa State 14 Ah- 

man Green had three TDs in a 35-point 
first quarter as the. host Comhuskers 
(10-0, 7-0 Big 12) rolled over the Cy- 
clones (1-9, 1-6). 

No. 5 Tennessee 30, Arkansas 22 At 

Little Rock, Arkansas, Peyton Man- 
ning’s 49-yard touchdown pass put the 
VoLs ahead to stay and Eric Brown 
blocked a punt to set up a TD in the final 
minutes as Tennessee (8-1. 5-1 South- 
eastern Conference) held on. 

No* 8 Pent State 42, No. 19 Purdue 17 

Curtis Enis ran for 186 yards and three 
TDs on a career-high 37 carries and 
caught a 67-yard scoring pass as the 
visiting Nittany Lions (8-1, 5-1 Big 
Ten) rebounded from last week’s loss to 
Michigan- 

No. 16 Auburn 45, No. 7 Georgia 34 At 

Athens, Georgia, Dameyune Craig ran 
for two touchdowns and threw a 76-yard 
scoring pass as Auburn kept alive its 
SEC Conference title hopes and ruined 
Georgia’s (7-2, 5-2 SEC) chances for a 
spot in the bowl alliance. 

No. 8 North Carolina 17, Clamson 10 

Chris Keldorf hooked up with the wide 
receiver L.C. Stevens to set up three 
scores for the visiting Tar Heels (9- 1.6- 
1 ACC). Stevens caught three passes for 
169 yards. 

No. 9 UCLA 52, No. 13 Washington 28 

At Pasadena, California. UCLA’a Skip 
Hicks had four TDs, giving him a Pac- 1 0 
season record of 24. Hicks ran for 147 
yards and caught three passes for 106. 

No. 10 Kansas State 37, Colorado 20 
Michael Bishop threw for 156 yards and 
one TD as the host Wildcats (9-1, 6-1 
Big 12) scored 21 points in the second 
quarter to beat the Buffaloes (5-5, 3-4) 
for the first lime since 1984. 

Notre Dans 24, No. 11 LSU 6 At Baton 
Rouge, Louisiana, the Irish (5-5) played 
their best game yet under their new 
coach. Bob Davie, as Clement Stokes 
ran for 92 yards and two TDs against the 
Tigers (7-3). 

No. 12 Florida 48, South Carolina 21 

Fred Taylor ran for three TDs, Mike 
Moten a 23-yard fumble return for a 
score and Jacquez Green added an 86- 
yard punt return for a TD as the visiting 
Gators (8-2, 6-2 SEC) rolled. 

No. 17 Mississippi State 32, Alabama 

20 James Johnson ran for 1 98 yards and 
two TDs for the visiting Bulldogs (7-2, 
4-2 SEC), who kept alive their chances 
of winning the SEC West. 

No. 18 Texas ASM 51, Oklahoma 7 

Dante Hall ran for 139 yards and three 
TDs as visiting Texas A&M (8-2, 5-2) 
clinched a spot in the Big 12 title game. 
Mo. 21 Syracuse 32, Pittsburgh 27 At 



THIS WEEK ON HURDt 


The Alpine Ski seaso 
Men’s and Women’s 
Street make a winni 


Alpine Skiing: 


Pittsburgh. Donovan McNabb threw a 
lrdTI 


■ 1 .*X4imrr I PT17IW 

L Tensas cornerback, breaking away from Tennessee’s 

On train Moss, an Ar ^ n ~“ mv Fltzge rald (46) in the second quarter. 
DeAngdo IJu.vd and JC ' 


24-yard TD pass to Quinton Spotwood 
with 28 seconds left to lift Syracuse (8- 
3.5-1 Big East). 

Northwestern 15, No. 22 Iowa 14 At 

Evansron. Illinois, Brian Musso turned a 
one-handed catch into a 40-yard TD 


early in the third quarter, and the Wild- 
R Te 


cats (5-7, 3-5 Big Ten) held on. 


20 - 23 November, LIVE, 
The World Cup, 

Park City, USA 
After the season opener in 
Tignes the Work! Cup moves 
to the States where the snow 

conditions should provide a 
great start to the season 


Boxing: 


18 November, LIVE, 

WBO Intercontinental 
Featherweight Title 
Farmer WBO World Champion 
Steve Robinson, who tost Ns 
tide to Naseem Named, takes 
on Aldrich Johnson of Trinidad 


Tennis 


22-23 November, 

ATP Tour Doubles 
World Championship) 
Hartford, USA 
The Woodies’ Todd 
Wtxxfijridge and Made 
Woodford are the most 
successful doubles pairing 
since McEnroe and Fleming 
and they win be looking to 
land thee third World Title 


Sailing: 


23 No vembe r, 

The Whitbread Round 
the World Race 
The second leg of the race 
is between Cape Town and 
Fraemantle and we bring a 
weekly update on the 
toughest raoe of all 








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PAGE 22 


World Roundup 


PSV Eindhoven 
Settles for Draw 

soccer PSV Eindhoven 
wasted chance after chance on 
Sunday and was held to a 1-1 draw 
at FC Groningen, while. Fey- 
enoord could manage only a W) 
draw at De Graafschap Doetio- 
chezxL 

The team that enjoyed die 
weekend most in the Dutch league 
was its leader, Ajax (15-1-0), 
which did not play. Second- 
placed PSV (9-64) is also un- 
beaten but now trails by seven 
points with a game more played. 

■ An Atnold Bniggink tap-in put 
PSV ahead at 52'minutes but the 
lead was wiped away alm ost im- 
mediately by Mariano Bom- 
barda's header. Wim Trunk twice 
almost won the match for Eind- 
hoven, but his first effort was 
cleared off the line by Bonibarda, 
and in the dying minutes his shot 
cannoned back off the bar. (AP) 

Emirates Fire Coach 
After Team’s Failure 

soccer The United Arab 
Emirates fired its Brazilian soccer 
coach Sunday after the national 
team failed to make die cut for 
next year’s 'World Cup. 

Toe announcement by the Foot- 
ball Association did not give any 
reason fra: Lori Sandri’s duanigsai 
But officials, speaking on the con- 
dition of anonymity, said rtwf 
Sandri. 48, was fired because of 
the UAE’s weak performance in 
the Work! Cup qualifying games. 

The association said that the 
Kuwaiti team's framer coach, Mi- 
lan Macala of the Czech Republic, 
would coach the UAE team for 
next month's Confederation Cup 
in Saadi Arabia. (AP) 

A Marathon of a Game 

basketball After playing 61 
exhausting minutes in a single 
game, peahaps the most ever by a 
Portland Trail Blazer, Brian Grant 
sat at his locker with ice packs on 
both knees and reflected 

“This,” he said, “was the kind 
of game you live for. ” 

The final score was incredible 
enough: Phoenix 140, Portland 
139 in only the eighth four-over- 
time game in NBA history and 
first since 1987. But the score, and 
length of the game, were just hints 
of the kind of basketball drama an 
display Friday night at the Rose 
Gardenia Portland. 

“It was the most exciting bas- 
ketball game I’ve ever played in,” 
Portland’s Isaiah Rider said. 

So many times, the game 
seemed over. Phoenix looked to 
have it won in regulation. Portland 
seemed in command in the second 
and third overtimes. Five players 
played at least SO minutes, two 
minutes longer than an entire reg- 
ulation game. Among diem was 
die Blazers’ Arvydas Sabonis, 
who had one of the game’s big 
shots, a leaning 3-pointer with 2.7 
seconds to play in regulation that 
tied the game at 98-98 to force the 
first overtime. (AP) 

After Loss, Tara Keeps 
A Stiff Upper Upinski 

skating Tara Upinski, the 
world champion, says she is learn- 
ing how to come back after losing. 
She has to do it fra the second time 
this year. 

She was beaten Saturday by the 
French skater Laetitia Hubert at 
the Lalique Trophy competition in 
Paris, Upinski's second loss of the 
season. 

Last month Michelle Kwan 
beat Upinski in the Skate America 
competition. 

“This year I haven't had the 
experience of moving up like I did 
last year,” Lipinski said. “I never 
expected this year to win 
everything. I knew I couldn't. I 
didn’t want to. Once you are world 

champion, there is a tilde more 
pressure to stay on top.” (AP) 


Hcralb^feSribum* 

Sports 


Alone at the Top: Sampras Reigns 


Dm 1<T 1007 T 


& 


MONDAY, NOVEMBER 17, 1997 


By Ian Thomsen 

International Herald Tribune 

HANNOVER, Germany — Tiger 
Woods and Ronaldo aren't there yet, 
and Mike Tyson never really was. Carl 
Lewis has come and gone. Wayne Gret- 
zky is old and Michael Jordan might be 
on the other side of the hill, if indications 
from the early NBA season are true. 

That leaves Pete Sampras alone at the 
top. If we are talking about an all-time 
great currently at the top of his game, 
then Sampras is probably the best ath- 
lete in the world ai the moment. 

He proved as much Sunday by win- 
ning his fourth ATP Toot World Cham- 
pionship with a 6-3, 6-2, 6-2 victory 
over Yevgeni Kafelnikov of Russia in 
88 minutes. 

The afternoon became an impromptu 
testimonial to Sampras. No sooner had 
he accepted one crystal trophy than be 
was being handed another — this one 
for becoming the No. 1 player of the 
ATP Tour’s first 25 years. 

Though he is just 26, Sampras with 26 
first-place votes was rated ahead of 
Bjorn Borg, who got 17 first-place 
votes; John McEnroe, 13, and Jimmy 
Connors, 9. 

Sampras’s idol, Rod Laver, who was 
nearing the end when the ATP was 
formed, received 14 first-place votes 
but finished eighth overall behind Ivon 
Lendl, Boris Becker and Stefan Edberg. 
They were elected by 100 current and 
retired players, tournament directors 
and journalists. 

“It’s very flattering, it really is, to 
have the respect from people in tennis,” 
Sampras said. 'That’s not the main 
reason I play this game, for the attention. 


but it makes you feel like you're making 
some sort of impact on the game.” 

Never mind his theoretical impact, 
said Kafelnikov, who spent the day be- 
having like tiie victim of a crime. 

“I felt so embarrassed because 
everything I was trying didn’t go the 
right way,” he said after his mauling by 
Sampras. “I ask him, ‘How could you 
do that to-me?’ He say, 'Sorry.' ” 

Kafelnikdv qualified for the eight- 
man World Championship a week ago 
by winning, the Kremlin Cup in Mos- 
cow. Any lesser result would not have 
earned him a place in this exhibition 
hall, which looks like the set for a future 
Star Wars movie. 

Having overcome a broken finger in 
January that cost him two surgeries and 
three months of recovery, die 23 yearold 
believe! he had nothing to lose after 
salvaging a 7-6 (7-2), 7-6 (7-3) semifinal 
victory over Carlos Moya of Spain. 

In front of a full house of 15,000, be 
and Sampras broke each other five times 
in the opening set like two boxers de- 
termined to knock the other on his back. 
Unfortunately fra Kafelnikov, the last 
of these breaks went to Sampras. 

“From die middle of the first, pretty 
much till the end of the match, 
everything just clicked — from my 
serve, to the way I was returning, to the 
way I was hitting my groundstrokes,” 
Sampras said. “It’s an unbelievable 
feeling when everything j os t comes to- 
gether and you feel like anything you try 
out there is going to work.” 

Sampras has won his last nine tour- 
nament finals, eight of them this year. He 
is constantly inspected for signs of de- 
cline, but with each year he looks more 
and more like one of those rare athletes 


worth telling the grandchildren abouL- 
By the third set he was playing as if the' 
match had been choreographed fra him. 

Tbe three rallies that hung on the edge 
of the net tape ah dropped the Americanos 
way. He even won a point with several 
acrobatic volleys after popping a string 
on serve. Kafelnikov has won just two ctf 
their 11 meetings, and he has lost five 
straight to Sampras since upsetting him in 
the French Open semifinal last year. 

In the latter stages the Russian twice 
served before play was ready to resume 
— he was that anxious to gather up his 
things and go home. 

“Once I saw him a little bit down on 
himself, it just gave me that much more 
confidence,” said Sampras, who is ac- 
cused of not showing bis emotions. But 
that is also his strength. 

Kafelnikov finishes No. 5 in the workL 
Sampras, meanwhile, is No. 1 for the fifth 
year in a row, which ties the tour record 
of Jimmy Connors from 1974 to 1978. 
This was a year when many new con- 
tenders emerged and none came close. 

Still waiting fra Sampras is the Davis 
Cup final against the Swedes in less than 
two weeks. 

“I’m a littie tired, I must admit,” he 
said, but by mid-December he will begin 
t raining seriously for the Australian 
Open — and with it the chance at his lltfa 
Grand Slam tide, which would leave him 
one behind Roy Emerson’s record. 

“You have to be very consistent You 
have to be almost all-consumed with the 
game to be No. 1," said Sampras, who 
won 13 of his 14 matches this year 
against Top 10 opponents. “You have 
to prepare welL We'll just see over the 
□ext six months or year who is willing to 
do that" 



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Pete Sampras was named the No. 1 player in ATP Tour’s first 25 years. 


Changes Afoot for ATP Tour 



John 


Japan’s Masashi Nakayama celebrating his goal in the first Half against Iran in a World Cup qualifying match. 


By Ian Thomsen 

International Herald Tribune 

HANNOVER, Germany -i- The 
ATP Tour has revealed plans for a 
major overhaul in 2000, including a 
new simplified ranking system and 
penalties for those men who fail to give 
their best performances at the world's 
most important tennis tournaments. 

The Tour voted Saturday to explore 
the possibility of conducting eight of 
its top tournaments — including a 
new year-ending world champion- 
ship — in conjunction with the most 
important women’s tournaments. 
Currently, the men and women share 
courts at only the four Grand Slam 
tournaments and the annual tourevent 
at Key Biscayne, Florida. 

Negotiations also are ongoing to 
combine the ATP Tour World Cham- 
pionship with its competitor, the 
Grand Slam Cup. 

If all of the proposals go through, 
tennis could join Formula One auto 
racing as the only truly global sports 


leagues. At the moment, the ATP 
Tour is not considered a league by 
most sports fans, mainly because the 
ranking system is unfathomable. 

That will change when a points 
race during the calendar year is em- 
ployed in 2000. All players will begin 
the year with zero points. The player 
with the most points at the end of the 
year will be No. I. 

Crucially, players will no longer be 
allowed to excuse themselves from 
any of the top II tournaments, in- 
cluding the Grand Slams. 

The most controversial proposals 
include a change of surface at Key 
Biscayne from hard court to clay, ihc 
reduction in status for one major 
European clay-court tournament as 
well as a North American hard -court 
event, and — ominously — the like- 
lihood of difficult negotiations with 
players and tournament directors over 
their share of the larger pie. ■ 

In Tuesday's IHT, Ian Thomsen takes 
a further look at how tennis is re- 
structuring itself for the 2 1st century. 


Once Again, Belgium Shows Its Prowess to Qualify for World Cup 


By Peter Berlin 

International Herald Tribune 

BRUSSELS — Most' of the big 
names have known for a while that they 
will be center stage when soccer's 
World Cup opens a five-week run in 
France next summer with a record cast 
of 32 countries. 

Many have already started fitting 
their new costumes, recording their 
World Cup songs and rehearsing their 
■free-kick routines. 

But in Europe and Asia this weekend, 
10 teams that had narrowly failed their 
first audition came back for another try. 

In Brussels, two of European soccer's 
character actors tussled in the rain fra- 
one place in the big show. In the end, 
Belgium, which gave a virtuoso display 
in its 1-1 draw in Dublin this month, 
bear Ireland, 2-1 , to qualify yet again for 
the finals. 

The Belgians almost invariably reach 
the World Cup finals, where they serve 
as a dependable foil for soccer's mar- 

? uee names. They have reached the final 
6 in the last two World Cups: in 1994, 
they lost, 3-2, to Germany, and in 1990 
they fell 1-0. to England when David 
Platt scored the winning goal in the last 
minute of extra time. 


At the end of Saturday's match, the 
team celebrated as if h had just won an 
Oscar. The speakers blared, “We Are 
the Champions.” 

They are not, just a team that finished 
a poor second to the Dutch in its qual- 
ifying group and squeaked into the last 
32 with an unnecessarily hard-fought 
victory over the Irish. 

Belgium was weakened by injuries, 
but even so it offered the same solid 
professional virtues it brings to every 
performance. The quality of the un- 
derstudies will be crucial for every team 
in France. 

Luis Oliveira, a Brazilian who plays 
in Italy tut stopped in Belgium long 
enough to claim nationality, provided a 
touch of the exotic. The home team's 
preferred strategy was to lure the Irish 
forward and then try to exploit Oli- 
veira's pace on the counterattack. 

It paid in the 25th minute when Gelt 
Claessens chipped a pass over Ireland’s 
back tine. Oliveira galloped through, 
flipped the ball over Shay Given, the 
Irish goalie, and prodded it into the 
goal. 

Just before halftime, Oliveira burst 
into the penalty area and was flattened 
by two Irish defenders. But, in keeping 
with current practice, the referee, Guen- 


ther Benko, awarded Belgium not a 
penalty but a free kick on the edge of the 
penalty area, two meters behind the 
scene of the crimes. 

For Ireland the defeat brings down 
the curtain on an entertaining nine-year 
cameo at the top levels of soccer. Ire- 
land, not a traditional soccer power, 
developed an endearing habit of giving 
more celebrated teams an unexpected 
poke in the eye. It started in Stuttgart in 

World Cup Ooalimips 

the European Champ ionship finals in 
1988, when tiny Ray Houghton scored 
to beat England, 1-0. In Italy in 1990, 
Ireland beat Romania on penalties to 
reach the last eight, and in the United 
States in 1994, Houghton scored as Ire- 
land beat Italy, 1-0, in a group match to 
reach the last 16. 

And it was Houghton, aging now and 
playing in the lower divisions of the 
English league, who came on as a sub- 
stitute to score Ireland 's equalizer in the 
56th minute. It was a carbon copy of his 
goal against England more than nine 
years ago, a twisting leap to create a 
cunning lobbed header. 

The lead did not last long. In the 67th 
minute, Claessens flicked the ball over 


his head leaving the Irish defense flat- 
footed and Luc Nilis free to beat Given • 
from close range. 

Hair i. Rossi* 0 Cesare Maldini, the 
Italy coach, picked five defenders, three 
hardworking midfielders and two 
strikers known for their strength and 
work ethic rather than their flair. Italy, 
which had tied 1-1 in Moscow in the 
first leg, won few style marks, tut it 
gained a place in the finals. 

Pierluigi Casiraghi scored the only 
goal in the 53d minute. Dememo Al- 
bertini lobbed the ball accurately over 
the Russian defense. Casiraghi ran onto 
the ball and drilled a low shot into the 
corner of tbe goal from the edge of the 
penalty area. After that, the massed 
Italian defense comfortably held off 
Russia’s ragged attacks. 

Yuvoatawbi S, Hungary Q IU Belgrade, 
Pedrag Mijatovic scored four goals as 
Yugoslavia completed its rout of foe 
Hungarians. Savo Milosevic scored the 
other goal. Mijatovic had scored three 
goals m Yugoslavia’s 7-1 victory in the 
first leg. 

uknbM i, Croatia 1 1n Kiev, Andriy 
Shevchenko scored for Ukraine after 
four minutes. Bat Alen Boksic leveled 
with a deflected shot in the 1 8th minute, 
and Croatia qualified for its first World 


Cup, 3-1 on aggregate. 

“We fought tike knights,” said 
Miroslav Blazevic, the Croatia coach. 
“We are on our way, where we belong, 
where we will prove we are a soccer 
nation.” 

■ Japan Reaches Cup Finals 

Japan qualified for the World Cup 
finals for foe first time Sunday when 
Masayuki Okano scored in foe 28th 
minute of a sudden-death overtime 
against Iran. 

Japan won a playoff match of con- 
trasting styles, 3-2, in Johor Bahru, 
Malaysia. Iran can still reach the finals if 
it wins a two-game playoff against Aus- 
tralia this month. 

Japan, which had won its last two 
group matches to sneak into foe playoff, 
played a confident quick-passing at- 
tacking game. Iran, which had collapsed 
in its last three group games to surrender 
first place and a certain place in foe 
finals, preferred to defend, often pon- 
derously, tbronghout. 

As the Iranians tired in overtime, Ja- 
pan had several one-on-on 6 chances but 
could not score. But foe best chance fell 
to Ali Daei, who scooped the ball into an 
empty goal from close range. Seconds 
later. Shoji Jo scooted in to score.