Skip to main content

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

See other formats





The Dollar 

NawYwfc W»«ye4P.u. t»whx«dg>g 

DM • 1.729 1-7314 

Pound 1-691 1SS. 

y«n 126.135 12^60 

pp r" 5.7922 -5.7085 


UtS 766032 ~ - 7BS822 

chm. Twadw 0 « P. M. pw— — 
-7J7 938.23 3*°^° 


Sout hern Gtte SOU Groumg Rut 

ASWNfiinc i-.? a £ 4 ' 

Bomb in hu&k'M South KiUs 23 




i The World’s Daily Newspape r 

South Korea 
Rejects Idea 
It Needs Aid 
From IMF 

. But Seoul Asks US. 

fAnd Japan for Help 
To Stem the Mm’s Fall 

By Sandra Sugawara 

. Washington Post Service 

■ TOKYO — A defiant South Korea 

- rejected assertions Wednesday that it 
■■ needed' a bailout from the International 

Monetary Fund, and suggested instead 

' that the United States and Japan lend it a 

v hand before its problems reverberate 
into their markets. 

; ‘ There is no need for financial help 
from the IMF,** the new South Korean 
finance minister, Lim Chang Yuel, said 
. at a news conference in Seoul hours 
■ after his appointment. 

. ; His predecessor, Kang Kyung Shilr, 

. was forced from his post early Wed- 

* nesday after failing to see through leg- 

Japanese stocks plunge. Page 13. 

islative reforms of a deteriorating fi- 
nancial system — whose currency is 
plummeting and bad debt is rising. The 
won sank to another new low against the 

- dollar, closing at 1,035.50. 

Mr. Lira, a former minister of trade, 

* industry and energy and a veteran of 
seven years at the IMF in Washington, 
said government measures he unveiled 

, Wednesday to slow the economic hem- 
orrhaging meant that IMF aid was un- 
necessary. But the initial reaction was 
disappointment. . 

“The current situation in Korea is 
very urgent, “ said Kim Pyong Sok, an 
analyst in Seoul with Hannuri Invest- 
ment Securities. “Today's announce- 
ment is mid-term and long-term medi- 
cine. We need an emsgency operation. 

* In this regard, today’s announcement is 
far shiest of our expectations.” 

In rejecting IMF assistance^ Mr. -Lim 
said that Seoul was hoping ^rthesmsw ; 

sistance from other central banks. ' 

He noted that Soufe Korea a; 
mB|*-yfeg) 0 n maxket- far fee Umtecfc, 
Sta&$||g£ asserted that such cooper- 
ation ®id be mutually beneficial. An 

JSee KOREA, Page 6 


i ■ 

j Americans Abroad 
Warned of Violence 

icans were advised Wednesday by 
the State Department “to exercise 
greater than usual caution’* in trav- 
eling abroad. 

“We cannot discount fee pos- 
sibility of random acts of anti- 
American violence,” a department 
. statement said. Americans abroad 
were urged to keep in touch with 
UK embassies or consulates for 
information in the country they 
were visiting. “We know of spe- 
cific threats to U.S. citizens or in- 
terests overseas.” 


•f^London, Thursday,November 20, 1997 

No. 35,683 

Reemad^mihB Disaster o. 

Sixteen months afteran 
explosion blew apart TWA 
Flight 800 over the Atlantic 
Ocean, the FBI has explained 
how it arrived at its Verdict 
on the disaster by showing a 
computer-generated recon- 
struction of the explosion. As . 
families of the victims looked 
on, the animated reenactment 
showed the cockpit of the 
Boeing 747 being blown off the 
front section of the fuselage, 
top, and the rest of the plane 
disintegrating 42 seconds later. 
The videotape produced by 
the CIA sought to explain the 
reports of 244 witnesses who 
said they saw ascending lights 
before the plane plunged into 
the ocean, rage 3. 

42 sec.. After ^'ir e.r - a ft Exploded 



- I 

CIA Animation 

Top Russian Reformer Loses a Post 



another notch on Wednesday as fee 
Kremlin decided to strip him lof another 
one of his most powerful posts, minister 

Mr. Chubais has held both jobs since 
March, when be and a former provincial 
governor, Boris Nemtsov, 1 took charge 
of economic refonmforPresidentBoris 
Yeltsin’s second tram. What' was then 
described as fee most pre-reform 
Yeltsin team since 1992 now is in se- 
rious trouble 

• - Reeling from abookooptiaot scandal 

feat has afrpaffiforced Mr. Chubais to 
jeqdsdp his .top aides, fee btfpst sefe&cfc 
camfe as Prime Minister Viktor 
Chernomyrdin tried to placate members 
of the lower house of Parliament, the 
450-member State Duma, which is 
dominated by Communists and nation- 
alists who despise Mr. Chubais. They 
voted Wednesday, 267 to 4, to approve a 
nonbinding resolution calling for Mr. 
Chubais to be dismissed. 

Mr. Chcanorayrdra told them feat Mr . 
Chubais and other deputy 'prime min- 
isters would be stripped of their min- 
istries such as finance and energy be- 
cause they are “too overloaded” to pay 
enough attention. Mr. Nemtsov serves 
as minister of energy. 

. There are three other deputy prime 

China’s ‘Time for Silence 9 Drags On 

Dissidents Welcome Wei’s Release but See No Change in Policy 

Books — 
Crossword . .... — ..... 

Page 10. 


.Pages 8-9- 

Pages 19-20 

The IHT on-line vw.'v.' 

MawsaWld Price * _ 


Gnat Britain..^ ^c«„j 1 i2 + VAr 


art *»_an«<U» 


4 ll 80 


New YorkTantS Service ~ 

BEIJING — Inside an adfcgray apart- 
ment block, up a stairway .made narrow 
by stacks of winter cabbage, a gray- 
baked veteran of China?g dissident 
movement held a finger to ios l/ps as he 
opened fee front door, sUen^aig a visitor 
Until fee door was safely ^closed, the 
shades drawn and tea served 

Seated in a cramped living room, fee 
dissident was eager to discuss fee politics 
of fee day, and he traded opinions and 

gossm wife fee fervor of a tabloid cohim- 
nist But he lamented fee way Beijing’s 
tightly constricted political atmosphere 
made k impossible for him to speak 
publicly, lest he be sent backto jafl. 

. .The ielease of W?i -‘Jfcigsheng, 
China's leading dissident, jtfSo flew to 
( 4$aited - Shares on Sp^%, leaves 
' beh^asraahbandofpolitiiaapartisans 
■who aa^sseariallly poweris^to voice 
tbefr concerns, much less atfcamzf. any 
. sjgaificanl advocacy.: ©feet^disgi dents 
: iangniA rn prison', sntiflaiJy gfieSl- 

Wei J ings heng feared he would fee 
if he remained in prison^ Page 6. 

. The gray-haired dissident said feattbe 
releaseofMr. Wei, while bringing cheer 
to many sympathizers who are happy to 

gee hits! free, haul not otherwise altered 
fee monotonous political landscape for 
dissidents in China. The- Coramonist 
Party tolerates no open questioning of 
ite aufeosjty-feese days. 

“There is a time to' speak out and a 
fene for silence,” the dissident said. 
. “Now is stilla time for silence,” 

There is virtually no public debate of 
political issues in China today. Political 
reform, religious freedom, eveaChina’s 
ambitious dam projects: Almost every 
topic '.of political substance has been 
harmed from serioanfdiscus*uon in pob- 
Ifc^nseteings or in fee state-ria feefea. 

One. measure of how constricted fee 
political atmosphere is in Beijing can be 
.seen infee fact feat there simply arc not 
many fesadents to cheqfc gat Two who 
openly criticized govcSm^^ctt policies 

in fee jfflst said Tuesday feat it was ‘ 'not 
convenient*’ to meet or discuss the 
political situation. 

A central paradox of China today is 
feat such strict political limitations co- 
incide wife a tremendous expansion of 
personal freedom in recent years. Eco- 
nonnd growth has brought an ever- wider 
array ©? choices when it comes to a job, a 

place of residence or a spouse — all areas 
where fee Communist Party authorities 
once wielded near-absolute control. 

“Ordinary people pay less attention 
to politics today than they did a few 
years ago,” said the gray-haired dis- 
sident. “That’s good. It means they can 

See CHINA, Page 6 

Egypt’s Temple of Blood 

Tourists Sought Shelter Behind Giant Pillars 
As: Killers Hunted Them on Pharaoh’s Terrace 

V' • By John Lancaster 

^ Wishing ioa Post Service 

LUXOR, Egypt — Visitors to the 
-massive Temple of Harshepsut near 
here me invariably drawn to fee Birth 
Colonnade, a small, sheltered space at 
the. back of a vast terrace, where an- 
cient murals depict the procreation and 
birfeof fete queen for whom the temple 
- waSbmlt. 

On Monday, fee Birth Colonnade 

became a place of death. 

Under heavy fire from Islamic mil- 
itants who stormed op a broad ramp to 
the temple's second level, many for- 
eign tourists sought shelter behind fee 
huge sandstone pillars feat support fee 
roof of fee Birth Colonnade. 

- “-Butfeereftige turned ohtto be a trap. 
The killers Inmted feeir quarry and shot 
them where they crouched or lay, 
stabbing some with knives as well 
Some were motilaied. 

Before they made their exit, leaving 
more than GO people dead or dying, the 
i Jailers scattered leaflets on behalf of 

Mamin Groups Egypt’s largest and 
i ' most violent militant organization. 

The deafe toff wag unprecedauiedm . 
^ fee revolt by Islamic extremists against 
4, the secular government- Coming after 
. several years of relative calm, the ar- 

tack raised fears of an escalation in the 
largely underground conflict. Wife the 
failure of security forces to protect one 
of the world’s most famous tourist 
destinations, it also dealt a powerful 
blow to Egypt's all-important tourist 

demotes 21 top security 
i after massacre. Page 6. 

industry, as some foreign tour oper- 
ators ordered patrons home and can- 
celed coming visits. 

According to figures mode public 
Tuesday, the militants killed 58 for- 
eign tourists from Switzerland, Japan, 
Germany, Britain and several other 
countries. They also killed four Egyp- 
tians, including police officers. 
Twenty-four people were , wounded. 
All six militants were killed during 
ensuing gun battles with fee police. 

There was nothing to indicate that 
fee militants took any step to seize 
hostages or to spare feeir victims^ ’ lives. 
A reconstruction of fee incident — 
based largely on witnesses’ accounts 
— - suggests feat fee opposite was true. 

“They made us get down on our 
knees, and then they started shooting," 

See LUXOR, Page 6 

Albright Meeting 
Europeans on Iraq 

In Geneva, Diplomats Seek Answer 
To Standoff Over Arms Inspections 

By Steven Erlanger 

New York Times Service 

Secretary of State Madeleine Al- 
bright broke off her visit to India to join 
three European foreign ministers at a 
meeting early Thursday morning in 
Geneva that could bring fee three-week 
old crisis wife Iraq to a peaceful end. 

Yevgeni Primakov, the Russian for- 
eign minister, has been spearheading 

to defuse fee crisis. He met in Moscow 
tins week with Tariq Aziz, fee deputy 
prime minister of Iraq, and hasty ar- 
rangements for fee Geneva meeting 
began shortly after. 

After a blizzard of telephone calls to 
discuss schedules, flying times and sub- 
stance, Mrs. Albright and the foreign 
ministers of Russia, Britain and France 
Mr. Primakov, Robin Cook and Hubert 
Vedrioe, agreed to meet to see if Bagh- 
dad was willing to back down from its 
challenge to the United Nations over the 
inspections of Iraq’s weapons programs 
on terms Washington was willing to 

Speaking to a White House gathering 
several hours before fee Geneva meet- 
ing, President Bill Clinton said the 
United Stares wanted to resolve fee 
stand-off diplomatically, but was “tak- 
ing every step to make sure we are 
prepared to pursue whatever options are 
necessary.’ ’ 

And at the airport in Cairo, Mrs.. 
Albright said: “As President Clinton 
has said, Iraq must not be allowed to 
threaten the world through the devel - 
opment of nuclear, biological or chem- 
ical weapons. No outcome short of fear 
is acceptable." 

Senior American officials were ex-;; 
tremeJy reluctant to discuss fee sub- 
stance of the meeting in Geneva before, 
it began. The officials refused to assess ; 
Mr. Primakov’s claims that his discus- 
sions wife Mr. Aziz had produced away', 
to bring Iraq back into compliance with; 
UN resolutions, while at fee same time, 
satisfying Iraqi demands for a rapid' 
conclusion to the United Nations’ open- ; 
ended search for chemical, nuclear and* 
biological weapons. * 

See IRAQ, Page 6 

Ahead of Jobs Summit, 
Europe Is Hardly United | 

Currency Disputes Spain Hopes Leaders ; 

Now Chiefly Political Will Target Flexibility: 

ministers who also bold separate min- 
isterial portfolios. 

The decision, later confirmed by the 
Kremlin, was aimed squarely at Mr. 
Chubais, who had kept thefinance port- 
folio for himself because he saw his 
presence as fee lynchpin for such vital 
economic reform issues as overhaul of 
tire tax code and the budget battle with 
the Duma. 

Mr. Chubais has acknowledged that 
he and four aides each received $90,000 
to write a still-unpublished book on fee 
history of Russian privatization. 

The payments came from a publish- 
ing house now partly owned by a bank, 
Uneximbank, which has been a big win- 

See RUSSIA, Page 6 

By Alan Friedman 

Imenu uioaal Herald Tribune 

PARIS — Wife less than six months 
to go before the decision on which na- 
tions will be chosen to launch fee euro, 
Europe’s leaders wiU take every op- 
portunity — ? including feeir Luxem- 
bourg summit meeting on jobs Thursday 
and Friday — to restate their unanimous 
commitment to a single currency. 

But with up to 11 nations soon to 
march in economic lockstep, fee Con- 


tinent’s leaders do not have a single 
vision about the shape of fee European 

The battles over budget deficits and 
other numerical targets have receded, 
and tiie go-ahead of fee euro is increas- 
ingly certain. The French government, 
for example, introduced a suppiement- 

the 199? deficit down, to 3.1 percent of its 
grass domestic product, which should 
ensure tbai France qualifies. (Page 15) 

But from now until the decision in 
May on euro membership, battles will 
be fought over more political issues, 
ranging from who will run the future 
European Central Bank to how to tackle 
Europe's 11 percent unemployment rare 
— a kind of turf-building that is em- 
blematic of fee culture clash over what 
kind of European economy will emerge 
as a result of monetary union. 

At the extremes are two conflicting 
visions about fee shape of fee European 
economy — one, a laissez-faire Europe 
that creates jobs and growth through 

See EUROPE, Page 6 

Scene of Horror 

A reconstruction of the killings at 
the Temple of Hatshepsut, near 
Luxor, Egypt, on Monday, from 
official and eyewitness 

By Barry James 

International Herald Tribune * 

BRUSSELS — With Europe’s: 
highest rate of unemployment but also! 
its best record of creating jobs, Spain is 
looking forward to the European Un- 
ion’s summit conference on unemploy- 
ment Thursday and Friday in Luxem- 
bourg with particular interest 
Spain accounted for 350,000 of fee 
590,000 jobs created in Europe last year 
and is expected to account for 335,000 
of fee 700,000 new jobs in 1997. 

But even if it continues performing at 
this rate for the next four years, ac- 
cording to projections, it will have suc- 
ceeded only in reducing unemployment 
from the official figure of 20.9 percent 
currently to about 17 percent — or more 
than twice the average 7 percent jobless 
rate that the European Commission, fee 
EU’s executive body, hopes to achieve 
within five years. 

Some 18 million people in fee 15 EU' 
countries are listed as unemployed, for 
an average jobless rate of 10.6 percent 
Total employment in the EU has 
hardly increased in two decades. Un- 
employment is generally considered to be 
Europe’s most pressing challenge, but on 
the eve of the summit meeting there was 
little agreement on how to deal with iL 
Germany is leading the countries that 
oppose setting fee kind of “verifiable 
and quantifiable” EU-wide targets that 
the commission is proposing. It says 
employment policy must remain the re- 
sponsibility of national governments. 

France, on fee other hand, wants un- 
employment to be put high on fee EU’s 
agenda, arguing that citizens will not 

See JOBS, Page 6 

'• on aachaklenfjfew .'•> 
cd*qfmade,'te^orit.oi /■.. 
• behNxtfeiarcciltBTviai 

• Ah: , j 

Te/npto of 



2 or 3 tourists 
were killed 

in the taqJti'vV. 

* ,s# *V*r * :: ■ " 

V -^..X • 


I.I^KTT,, j{.;. <■ «.. 

Ticket booth. 


ti'Myf - grated men storm 

^ 3 ' 400_ 
tefffrte,. killing an 

Gunmen go up a 
temple’s middle 
Ares of stupe where hundreds of 

and p arking lots ^SljSfeij^lIng about, and 

\J shootaltoimstsinand 

• around the ancient 
colonnades. Mom than 60 are 
‘ killed and 24 wounded. 

O fe3Q am. Gunmen flee past 
the ticket booth and hijack a 
tourist bus and its driver. 




Little International Aid / Worst Floods in Docades 

Again, Somalia Is Ravaged 

By James C. McKinley Jr. 

New Yort Times Service 

B ARDERA, Somalia — From the air, the place 
where the Juba River used to ran is just a ser- 
pentine current threading through vast tracts of 
swamped fields and newly formed lakes. Along- 
side the turgid current, the roofs of villages peek out in 
dusters above die gray waters. 

Hundreds of desperate people have camped along the 
thin remains of dikes, waving hopefully at passing planes 
that cannot land. Others have clustered on bridges and bits 
of high mound surrounded by water, erecting tents and 
lean-tos. Many villages have become islands, cut off by the 
floodwaters. At its widest points, the flood stretches for 1 1 
ki lometers (7 miles) on either side of the river, running as 
far as the eye can see. 

For the last month, the worst floods since 1961 have 
ravaged the Juba River valley in Somalia, killing hundreds 
of people and destroying crops and food stores on thou- 
sands of acres of farmland. 

Roads, airstrips and bridges were underwater Tuesday 
for a 320-kilometer stretch of the river, from the towns of 
Bandera in the north to Jumaame in the south. 

“It’s completely flooded,' ' said Patrick Berner, a worker 
for the International Committee of the Red Cross. “People 
are trapped. Some are sitting on dikes waiting for help. 
They are just trying to survive. They don't have any more 

Unlike past floods, the floods this year are hitting a 
people without a central government or a national army, a 
fractured country whose infrastructure has been mined by 
six yean of clan warfare. A famine caused by die fighting 
killed about 300,000 people in 1992. 

“Wehaveno government and we have no ability to solve 
this problem, no finances, nothing," said Hasson Mo- 
hammed Mohammed, the commissioner of Bardera Dis- 
trict “We are trying to oiganize people and to say you must 
do something yourself.” 

What is more. United Nations officials said, few coun- 
tries axe willing to help Somalia in the aftermath of the 
disastrous 1993 mission, ted by the United States, to help 
the faming victims. 

The relief efforts ended in a debacle, with 18 American 
soldiers dead because of fighting among faction leaders and 

with widespread looting siphoning off food and supplies 
intended for the hungry. 

“There are concerns about coming to Somalia," Cath- 
erine Bertini, die executive director of the World Food 
Program, said in an interview in Bandera. “Nobody wants 
to have a repeat of what happened a few years ago." 

For two weeks, UN agencies and relief groups have been 
clamoring for donations from developed countries to help 
die flooded region. So far. they have raised $5.4 million of 
the $9.6 million they say is needed. 

Yet the relief operation has barely got under way. No 
country has been willing to donate helicopters to reach the 
flood victims and, though three small boats have been flown 
in to begin distributing food and medicine to villages in the 
flood plain, they are too few to help the majority of those 

This week, die United Nations rented four helicopters 
from a South African company, but they are not expected to 
begin flying into Somalia until Saturday. At least six more 
are needed, officials said. Ten small boats donated by 
Norway are also to be shipped in later this week. 

A LTHOUGH the Juba River often floods during 
the rainy season in October and November, the 
nuns this year came early and have been torrential 
and unrelenting. 

It has rained nearly every day in Somalia for the last six 
weeks. In the Juba River valley alone, most towns have 
received 10 times the normal rainfall over the last six 
weeks, according to satellite imagery. 

Along the Juba, tens of thousands of farmers have seen 
their crops, food stores and homes destroyed. Local politi- 
cians and employees of relief groups have told UN officials 
that at least 1.26 5 people have drowned. UN officials 
estimate that 223,000 of the 800,000 people living in die 
fertile lands between the Shabelle and Juba Rivers have 
been displaced. 

In the village of Sarinley, a few kilometers north of 
Bardera, residents said the river spilled over its banks on 
OcL 19. For several days, the village was a small island, 
with most of its 370 families crowded onto a hillock 
surrounded by water, until the waters receded somewhat in 
the last few days. 

“The people here have never heard or seen such flood- 
ing,” said the village chief, Bara Irad Ali. “It has never 


Somalians crossing the Juba River, part of a vast Rood plain, as they fled their inundated village this week. 

happened in history." As the town received a small ship- 
ment of food from aid workers Tuesday, fanners told of 
having lost everything when the river rose. Underground 
stores of sorghum were ruined. Onion and tobacco fields 
were washed away. The fruit trees in riyerside groves are 
dying. People have been redoced to eating bitter greens and 
slaughtering their livestock, most of which is suffering 
from foot diseases. 

“Please help me," an 83-year-old woman who gave her 
nam e only as Noxio pleaded with a visitor. “My house was 
flooded and destroyed. I have nowhere to stay in the 

A HMED GURE, a 40-year-old farmer with 15 
children, is typical of the farmers in Sarinley. 
When the waters rose four weeks ago, he and his 
family had to flee to higher land. 

' Now, the 30 hectares (74 acres) he had planted with 
onions, com and tobacco are inundated and all his reserves 
have been flooded. 

“All of them are gone," he said, pointing out to the 
expanse of fetid water where his farm was. “I have no idea 
what to do. This is a disaster." 

The rising floodwaters have brought other kinds of death. 

village leaders said. Many people are coming down with 
malaria, respiratory infections and dysentery. Poisonous 
water snakes and crocodiles, always a threat, are attacking 
villagers as they try to negotiate the lakes, swamps and 
pools created by the flood to get clean drinking water. 

Abdia Adan, 50, lost ber 16-year-old daughter, Hodan 
Sharaf, when a crocodile attacked while she was trying to 
fetch water after foe flood destroyed their house and sent 
them scurrying for higher ground. 

“She went to collect water for tiie children," Mrs. Adan 
said. “I expected her to come back. Then some children 
came running and told me Hodan Had been taken by a 

At foe hospital in Bardera, the director. Dr. Kasim Aden 
Egal, said he feared the worst was yet to come. 

He said the hospital lacked medicine and supplies since 
Doctors Without Borders, a relief organization, pulled out 
of foe area six months ago when one of its doctors was killed 
by militiam en in another town, Baidoa. 

“The water is highly contaminated," he said. “Two- 
thirds of the latrines have been damaged and flooded. We 
are very afraid Our concern is an outbreak of cholera. It’s 
endemic here. If there was a cholera outbreak, we are not in 
a position to do a lot" 



If yon would to recei v e farther information on 
the advertisers who appeared in onr Inte rn a t i on a l 
Franchise Advertising Section on. November 19, 
1997, please complete this coupon & send zt to: 

The International Herald Tribune 

Sl Mary’s Mill, Chalfbrd, Stroud, 
Gloucestershire, GL 6 haul, Engla n d 
Fax: 44.1.453.886.287 
E-Mail address: 

■ How can business turn raw data into 
useful information? 

■ How can a better use of data serve 
the customer? 

Don’t nwthr tludina series of sponsorrdpagw in thelHT on 
rJcrtronir Ikuoksb. bran the hh and ouu of or- fine transactions. 

November 21 

Business to c-Blslness: 
Market Intelligence 

U m Mrd ihr rami I* win. * Bi o km . to r-Buaom: KrtniT. fa, or r-wi 

' Kbc I.V 

;■ . ...Jj 

Netanyahu Returns to Party Revolt travel update 

By Serge Schmemann 

New York Tima Service 

JERUSALEM — Snubbed 
by President Bill Clinton in 
America, assailed by Arabs at 
a conference in Qatar, Prime 
Minister Benjamin Netan- 
yahu returned home to Israel 
on Wednesday to a mutiny in 
his Likud party. 

Senior politicians in foe 
party, infuriated by foe ma- 
neuvering of Mr. Netan- 
yahu's .lieutenants last week 
to'’c6nSoliljate': his coritfol 
over the conservative group, 
were reported to be consid- 
ering ways to oust or isolate 
the prime minister. 

Politicians and Israeli jour- 
nalists said they could not re- 
member when a prime min- 
ister had come under such 
sustained attack from his own 
party before, although the 
chances of foe rebellion's 
succeeding were considered 

“Netanyahu might survive 
attempts to oust him in Knes- 
set no-confidence votes," 
wrote Hemi Shalev, a colum- 
nist, in Ma’ariv, “but in terms 
of political performance, it 
will be hard for him to func- 
tion when everyone around 
him wants his head." 

Mayor Roni Milo of Tel 
Aviv, a strong critic of Mr. 
Netanyahu, revealed the 
secret maneuvering in an in- 
terview with the tabloid Ye- 
diofo Ahronoth. Since then, 
several key actors have been 
forced to publicly backtrack. 

The rebellion underscored 
the growing political hard- 
ship for Mr. Netanyahu, at 
home and abroad, with the 
public opposition from his 
own party marking a new 
stage in foe unceasing travails 
of his administration. 

Mr. Netanyahu has been 
out of the country since last 

Thursday, when he left for 
England and foe United 
States. He added a stopover in 
England on Tbesday to meet 
privately with King Hussein 
of Jordan, reportedly to dis- 
cuss the Iraq crisis. 

While in Los Angeles, Mr. 
Netanyahu told Israeli report- 
ers: “I think it is do secret that 
some members of foe coali- 
tion don’t particularly love 
me. What propels them is 
their personal ambition. ’ * 

The rebellion .has been 
’lodg * in brewihg,' as senior' 
members of Likud have felt 
increasingly estranged from 
decision-making in the Net- 
anyahu government, and have 
become increasingly critical 
of Mr. Netanyahu himself.’ 

One of the most telling 
comments of the last week 
was by Defense Minister 
Yitzhak Mordechai, a popular 
moderate who has been 
staunchly loyal to Mr. Net- 
anyahu. But last week, Mr. 
Mordechai confessed, his 
loyalty had some “tough mo- 

The catalyst for the current 
rebellion was a rowdy Likud 
convention last week at 
which Mr. Netanyahu’s chief 
of staff, Avigdor Lieberman, 
an immigrant from Soviet 
Moldova, orchestrated the ad- 
option of a proposal to abolish 
party primaries. 

The move shifted the 
power to select candidates for 
Parliament to foe Likud cen- 
tral commiuee, which is con- 
trolled by people loyal to Mr. 

What especially irked the 
senior Likud members, who 
could fall victim to foe 
changed system in the next 
election, was that Mr. Net- 
anyahu pretended to oppose 
bringing the issue to a vote, 
while Mr. Lieberman was ac- 
tively pushing it. 

EMU Fact or Fiction ? 

EMU Policy Will Generate 
Major Currency Moves 
These moves will d-roc-ly affect the v.rce of 
your Fortfolio Prepare- yourself to tci-.c- 
advantage of these moves fay can nq today 

For My Complimentary Services Gu-de, Latest Research Reports. 
Opinions and Performance Records Call [2d hours) Toll-Free 


According to Mr. Milo, quired to force new elections, 
several senior Likud mem- and 80 votes are needed to 
bets, reportedly including oust only foe prime minister. 

former Finance Munster Dan 
Meridor, Communications 

Political commentators 
said that once Mr. Milo 

Minister Livor Livnat. former brought foe scheme into foe 
Science Minister Zeev Begin open, it was unlikely that foe 
and Mayor Ehud Olmert of mutineers would find enough 
Jerusalem, were considering support. One potential rebel, 
a plan to split foe party and Science Minister Michael Eit- 
isolate foe prime minister, but an, an outspoken critic of Mr. 
without fearing new elec- Netanyahu, now declared that 
dons, either for Parliament or “under no circumstance" 
prime minister. ^ ,^, 4 ^-. 

Under Israeli rules, ff more' caifejcj jhsieaa for the buster 5 
than half the '' Pariianterif* oi^ofhfr.LicibeiHjLaiuCtthpr ., 
members from a. party split" foimstera l call8a for fonbaT’ 
away, they are entitled to take iriquiry into the tactics used at 

the party name, and the gov- 
ernment financing, with 
them. Thus, if 12 Likud mem- 
bers broke away, they would 
become the Likud, and the 

foe convention. 

Further developments de- 
pended on several factors. 
Chief among them was what 
Mr. Netanyahu would do on 

remainder, led by Mr. Net- his return. Another was In- 
anyahu. would have to find a frastnictures Minister Ariel 
new name. Sharon. The consensus was 

Another possibility was to that his support was critical 
simply gather enough votes to for any breakaway, but he has 
force new elections for prime alternated throughout Mr. 
minister. Under the current Netanyahu’s tenure between 
rules, 61 votes in foe 120- supporting and challenging 
member Parliament are re- foe prime minister. 

Irish Femes to Drop One Route 

DUBLIN (AFP) — Irish Ferries said Wednesday that it 
would end service between Cork and Le Havre. 

A spokesman said the Swedish-built Normandy, with a , 
capacity of 450 cars and 1 ,600 passengers, had been chartered^ar 
for all services between Ireland and France starting April Lit 
will replace the St Killian II and the St Patrick II and will link 
Rosslare, Ireland, to Cherbourg and Roscoff in France. 

Atlantic Coast Adds Dulles Flights 

WASHINGTON (WP) — United Airlines pilots have ap- 
proved a labor agreement permitting Atlantic Coast Airlines 
She. to expand its United Express regional passenger service at 
‘JOikleslnteBfcttional Airport using new 50'sedt passenger jets. 

* 'Atlantic Coast will Start nonstop jers&vite from Duiles-to 
FqffiMyers, fc . Florida; Jacksonville, Florida, and Nashville, 
Tennessee, on Saiurdi^.Wiih a$79 introductory one-way fare 
on some seats. 

Irish Stake in Dusseidorf Airport 

DUBLIN (AFP) — Aer Rianta, foe Irish airports authority, 
in partnership with a German building contractor, has bought a 
half-share in the Dusseidorf airport, the second-largest airport 
in Germany, an Aer Rianta spokesman said Wednesday. 

Aer Rianta, in its first investment on the Continent, paid 
about 35 million punts ($52 million) for its 40 percent share of 
the deal with foe German company, Hochtief AG. 

The number of tourists visiting Mauritius increased 11 
percent, to 379,769, in the first nine months of 1997 from ak. 
year ago. the Statistical Office in Port Louis said. (Reuters^ 




Hlgk lovW 

iaw taco*) 

WM Mr 
6M3 104c 
18*1 mi 
1M1 Wipe 
4/38 4S7P0 
307 MM pc 
8M8 Mr 
3/37 -1/31 pc 
3/37 3735c 
17/83 12/03 r 
tVBt 7AM r 
1W50 Mr 
mu aorpe 
2« -1/31 pc 
7M4 2/36* 
4/39 1/34 pe 
11*2 11 / 8 ! r 
408 BEn 
34/76 1806* 

i«s tome 
18*3 7M4r 
iam »87*i 

16164 M« 

408 am* 

3*7 -MSI pc 
4/38 «3o 
13*6 11/52 0 
-1/31 -809* 
8/46 4/38 r 
606 -1/37 pc 
6US 7M4 r 

408 307C 
11*2 408 pc 

i 8/43 amc 

409 3*7 C 
8/48 4/38 r 
SMI 606 pc 

1778? Mpe 
409 104 pc 
307 -2/2* J 
104 002*1 
8 M3 307 r 

Forecast for Friday through Sunday, as provided by Accu Weather. 

Nigh ImW 

08 OF 
171K Mr 
M 107 c 
M 307 c 
ia*4 Mpe 
14*7 7)44 pc 
7M4 002* 
M 306 C 
M 3S7*i 
408 1/Me 
M 3B7*| 
16*1 7744 *1 
M 307c 
M 3«7«i 

rt«? 7744 r 

3/41 104*1 
7M4 104 c 
408 104 po 
13S5 Mr 
1/M -608 mi 
24^8 16*4* 
IMS 408 r 
M 307 r 

3*7 -ante 
M -fOI e 

18*1 7744 pc 

am .1/31 an 
7744 VS* ah 
8/43 1/34*1 
M 408*1 
409 1/Mc 
14*7 8/48 *■ 
6/41 104 pc 
843 206 pe 
M 30 So 
8 M1 206 pe 
18*4 77*4 e 
1050 408 o 
M 206 pc 
M 1/34 c 

North America Europe Asia 

Dry and titty m North- Rainy with gutty winds Bhowara and qufcc nM In 
east Friday, then windy across England Friday into Tokyo Friday; colder Satur- 
wtm rain Hkaty along the Saturday; drier wtth soma day and Sunday. Vary cold 
coast Saturday; snow sun Sunday. A storm across Mongolia and 
hdand. Blustery and cold crossing the Ma d he na naan Manchuria ttth soma snow 
Sunday. Soaking rain In wJU bring drenching rainfall and Buries. Dry weather Is 
the Southeast Friday, than to southern Italy and In store tor Beijing and 
t*ndy and cower Saturday Greacei Dry, but titty from most of the rasf of nortb- 
and Sunday. Rain or snow much of western Russia eastern China with near- 
in the Midwest Friday, men into eastern Scandnavta. normal temperatures. A 
colder with Buttles. soaking rain In Korea Fri- 

day. than dry and cotter. 

Lagwsfcawvy, popstiy dandy. c-tioudy. w mhnw n. Htwndaomma. r-itin. gf-morr Itg lec. 
svenow, Hoa VhWsstiw. 

IW, foracasis and data prodde d by AccUWMPcr. he. 01867 »hap*/w wwacc uwsi ti cr .c oo i 


Rainy with gusty winds 
across England Friday into 
Saturday; drier wtth soma 
sun Sunday. A storm 
crossing the Ma d Ns na naan 
wtt bring drenching rainfall 
to southern Italy and 
Graacai Dry, but titty from 
much of western Russia 
into eastern Scandnavta. 

Middle East 

(JS-Toll Voice Lino +714.376-3020 US-Toll fa* Line +714-376-6025 

26777 20*6*1 26779 17782 pc 
21/70 16*1 pc 2377S 18*1 c 
25777 18*1 s 2ST84 17782 s 
17*8 77*4 pc 22771 Me 
20*8 MS 20*8 8M8 a 
20*6 11*2 S 32*8 11/83 B 
2303 ism *1 22771 11*2 pe 

18*8 IttSOpc 17782 lOOOr 
21/70 11/22 ah 16*1 Mpe 
16764 12*3*1 17762 M*i 
am Ml 23*4 Ms 
31788 23779 BC 30*6 23773 r 
27*0 ISfEEe 27780 13/86 c 
13W Mpe 1SW 17/52 pc 

One of the few predictable 
elements of travel. 

Over 300 of the Worlds finest holds 
in 68 countries. . 

Yoor Host Today 


22771 pe 
104 a 
20*8 ■ 
17782 pc 
18*4 pe' 
23773 pe 
23778 pc 
22771 pc 

23773 pc 

16*9 pr> £ 

22/71 r Sm 




30*8 22771 pc 
31/68 2271 pe 
31*8 21/70 pe 
13/56 Mpe 
1M4 17*3*1 
27780 22771 t 
26778 93771 C 
16*8 14*7 r 



NEW YORK —-Sixteen months after an ex- 
I plosion blew apart TWA Flight 800, the FBI has 
■ provided a rare public explanation rtf how it 
i became convinced that the crash of the Paris- 
) bound flight was not the result of sabotage. 

‘ ' The centerpiece of the bureau’s presented 

t Tuesday was a computer 
l don of me 

, I — reconstruct 

i crash, a videotape produced by the QA 

j foatsonghtto explain foerepom of 244 witnesses 
‘ who said they saw ascending light* before die 
plane plunged into the Atlantic Ocean. 

The repons of those rising lights bad fueled a 

the plane. 

In fact, foe FBI said, people who believed they 
saw a missile were actually seeing different stages 
of the fiery breakup of the aircraft And aftertibe 

ij Silane first exploded, blowing off the rarirpjfc and 
Vyront section of the fuselage, the flaming rear 
w section zoomed upward several feet, 

giving some witnesses die impression that a mts- 

But the C3A determined that they had almost 
certainly seen foe Banting fuselage as it pitched 
upward abnrpdy and auj^mto a feeb^ ; 

“From a distanced nine miles or more -tins 
may have looked a missile attacking , an 
aircraft,” die FHE^epott said, Vbu*' *- 

their statements fcad&ClA analysts 

that these eyewitnesses in fact saw i __ 

FBI officials jai^Hbey felt competed 
gage in -foe pnbfic^xnmtmg^s a way af oon- 
vincmg skepties4j£.iBeir conclusions. ftqm tile 
moment die planer-exploded on July 17,1996. 
many criminal ^investigalors and U.S. govem- 
meot officials ■smugly suspected thatiarorists 
were responsible for it And the active public 
participation of foe FBI in the early stages of the 
investigation reinforced the impressidn that the 
crash was psobahly the result of a criminal act 
But as die investigation proceeded with no 
proof of cither sabotage or a specific mechanical 
failure, FBI iavestigators turned th^r focus to 

o n kf y ing ' Hwm uJ M i i , ~anH riiwi the publjCi' that 

dieir initiai handles {were wrong. . 

- James KsQstrom, bead of the New York office 
of the FBI, said at a press conference that the 
bureau’s dedsion to suspend its investigation 
was “based-solely on die overwhelming absence 
of evidence indicating a crime, and the lack of 
aqy leads flat could bear on the issue. In fact, we 

ran out of things to do.” 

Mr. K&Qsfram’s decision to appear and dc- 
foe government’s vast in- 
. ...... _ . 7,000 interviews were con- 

ducted and a&oui one million pieces of the 
jWnxJragejsere recovered and analyzed, was “a 

- hate unprecedented, ” he acknowledged. 

He said, for example, that forensic experts bad 

- analyzedmarc than 1,400 holes in tbe many layers 
of metal in, the recovered pieces of die plane, 
determining their relationship with each other in 
hopes of finding a teUale path through which a 
’ missile or other object might have moved. 

A number of family members who attended 
tire press confeenoe Tbesday said that Mr. Kall- 
strom’s statement satisfied them and that they 
would turn dieir attention to tire continuing in- 
vestigation by die National Transportation Safety 
Board, winch plans to bold bearings on the crash 
next month in Baltimore. 

But the family m e mb ers in attendance, and 
Others who received a preview of the video at FBI 
off ices Monday, said it was difficult to watch the 
tape, which offered a graphic depiction of the 
explosion oftbe central feel tank, the decapitation 
of die cockpit and the front end of die aircraft and 
die subsequent second explosion of die fuselage. 

“As a family member, you sit and yon always 
have these fears of what your famil y must have 
experienced when die plane was falling apart,” 
said Joseph Lycbner of Houston, whose 3?-y ear- 
old wife, Pam, and two daughters, Katie, 8 . and 
Shannon. 10, were killed in the disaster. 
“Frankly, that confirms my worn nightmare, 
that they probably didn't die in the initial ex- 
plosion ami dial for at least 45 seconds, they 
experienced just utter tenor.” 

Even though it only provided a simulated 
version of the events of rest summer, the CIA tape 
provided a dramatic postscript to the govern- 
ment’s criminal investigation, and it offered a 
detailed account of the breakup of the plane from 
the initial explosion to the impact in die ocean 49 
seconds later. 

The tape also described three distinct explo- 
sions that Mr. Kallstrom said helped explain the 

varying accounts of the witnesses. 

The CIA’s analysis began with what was 
known about the plane at the moment of the 
explosion: altitude, speed and heading. The air- 
craft’s location was recorded continuously on 
radar in 12 locations on the East Coast. An infrared 
sensor on a UjS. satellite “pinpointed to a mil- 
lisecond” when the second and final huge fireball 
explosion took place, Mr. Kallstrom said. 

In addition, each of die 244 eyewitness reports 
were then factored in, he said, as was the location 
on the ground of the witnesses and the position in 
the sky of what they saw. 

As die safety board pursues the question of 
whether a mechanical failure, such as & short 
circuit in wiring around die tank, led to die 
explosion, a lawyer for families of 77 victims 
said the FBI’s findings meshed with his own 

“We have felt from the very beginning that 
this was a good and strong product liability 
case,” Lee Kreindler said. 

Representatives of TWA and the plane’s man- 
ufacturer, Boeing Corp., said Tuesday that there 
was no indication of any flaws, either in Flight 
800 or in 747s in general. 

; '■'cn 


' • 7. ,'V 


US. Census 
Shows Cities 
In South Still 

Winners and Losers 

The cities with the festestgrowing and fastest shrinking populations based 
on new estimates from the Census Bureau. Figures are for cities with 
populations over 100 , 00 ft 

Cuba Weighed Heavily on ’60s Pentagon 

From the Vicious to the Zany, a Slew of 'Operations’ to Bring Down Castro 

Growing Cities 

Shrinking Cities 

By Steven A. Holmes 

New York Times Service 

! r 

WASHINGTON — Highlighting 
three trends— continuedmigratioo to the 
Son Belt, immigration from Mexico and 
! the growth of cities that serve as nearby 
' alternatives to traditional urban centers 
— the Census Bureau has issued its list of 
the country's fastest-growing cities. 

* Although the cities cited by tire 
Census Bureau as growing the fastest 
since 1990 are showing phenomenal 
, '.growth, virtually all were relatively 

: h- : , ri (Vj small to begin with. Of tire top 10 cities 
' ■ in growth, only one. Las Vegas, started 
-.the decade with a population that was 
.' ’more than 200,000. Its population rose 
to 376,906, from 258,204. 

I.* All 10 of the fastest growing cities are 
■! jfa the Sun Belt, in 5 states: CafifcHnia, 
’ * Florida, Texas, Arizona and Nevada. 
According to the Census Bureau, die 
' city that grew most rapidly from 1990 to 
\jyjj, fW.iL P .1996 was Henderson, Nevada, where 
i wr i mini; flio population rose by 88.4 percent, to 
r- v, 122339. Henderson was followed by 

. ^Chandler, Arizona, with a 59 percent 
■ - ■ --increase; Pembroke Pines, Florida, op 

^53 .5 .ppreppij; ^lmdale, Qdifomia,, up 
- . \y raffLfifljrawft Bj ja mo; Thrift np£(U| 
liou ,iXi" i J/ iy £‘ ■' 1 
' 10 

je Lardner Jr. 
and Walter Pincus 

Washington Post Service 


• In thousands — j 

0 Henderson. Nev. 122 

0 Chandler, Adz. 143 

0 Pembroke Pines, Ra.101 
0 Palmdale, Calif. 107 

0 Plano, Tax. 192 

0 Las Vegas, Nev. 377 

0 Scottsdale, Ariz. 179 

0 Laredo, Tex. 165 

0 Coral Springs, Fla. 105 

0 Corona, Caftf. 100 

Source: Census Bureau 

■ - In thousands 

Si Louis 
Norfolk, Va. 
Kansas City, Kan. 143 
Buffalo 311 

Pittsburgh 350 

Providence, R.I. 153 






JSrvC i 

The New Yi*t Tin* 

Glenn lifted off into space in a Mercury 
capsule on Feb. 20, 1962, military plan- 
ners at the Pentagon were thinking of 
blaming Fidel Castro if the astronaut 
failed to r e tu rn safely. 

The proposal was called Operation 
Dirty Trick and, according to long- 
secret documents made public Tuesday, 
tbe idea was “to provide irrevocable 
proof that, should the Mercury manned 
orbit flight fail, tbe fault lies with die 
Communists et al Cuba. ” 

This could be accomplished, the plan- 
ners said in a memo dated Feb. 2, 1962, 
“by manufacturing various pieces of ev- 
idence which would prove electronic in- 
terference on the part of tbe Cubans." 

Mr. Glenn, of course, returned safely 
after becoming the first American to 
orbit Earth. Bat die memo, addressed to 
a U.S. Air Force brigadier general, Ed- 
ward Lansdale, head of Operation Mon- 
goose — an elaborate scheme aime d at 
promoting revolt in Cuba — was full of 
other suggestions, some quite zany. 

There was, fra: instance. Operation 
Good Time, which would have fabricated 
a photo of “an obese Castro with two 
beauties in any situation desired” near “a 
table brimming over with die most de- 
lectable Cuban food,” accompanied by 
the caption. “My ration is different” 

“This should put even a Commie dic- 
tator in the proper perspective with the 
underlying masses/' the memo said. 

Tbe covert action proposals were 
among 1/5 00 pages of classified records 
made public by die Assassination Re- 
cords Review Board, a small agency 
overseeing the release of records related 
to the 1963 assassination of President 
John F. Kennedy. 

After die failure of the Bay of Pigs 
invasion in mid- April ISfel, Mr. 
Kennedy convened a meeting of the 
National Security Council to talk about 
what to do next about Cuba. According 
to a memo for tire record that appeared 
to contain exact quotes from the session 
on April 22, 1961, die president said 
guerrilla operations should be discon- 
tinued, but asked “whether we should 
form a Cuban Foreign Legion, trained as 
a volunteer force.” 

One of tbe items assigned for study 

“on an urgent basis” after the Bay of 
Pigs fiasco was what tbe United States 
would do if faced with several contin- 
gencies, including “establishment of a 
Soviet missile base” in Cuba. The State 
Department was told to study the matter. 
The discovery of Soviet missiles on Cuba 
in tire fall of 1962 provoked one of the 
most tense episodes of die Cold War. 

At another National Security Council 
meeting on May 5, 1961, the records 
show, "It was agreed that V.S. policy 
should aim at the downfall of Castro.” 
At the Pentagon, one contingency plan 
followed another. 

Mr. Kennedy’s assassination on Nov. 
22, 1963, left the new president, Lyndon 
B. Johnson, unenthusiastic about 
4 ‘high-risk actions’ ’ involving sabotage 
and harassment A memo summarizing 
a high-level Dec. 19, 1963, meeting on 
Cute stated that Mr. Johnson was 
“most interested in economic denial 
actions.” But be said he did not want to 
jeopardize chances of getting the Or- 
ganization of American States to back 
actions against Cuba. He said he also 
wanted to continue to work for “further 
reductions in Soviet military person- 
nel” on the island. 


i f States Defend Role 

4 rti?*’’ i •• i ‘ ,V i ra.L’: / 1 

1 * 4 . vr. 

46 percent; Scottsdale, Arizona, up 37.< 
percent; Laredo, Texas, up 34.2 percent; 

i x yj U Coral Springs, Florida* up 333 percent, 

»; and Corona, California, up 32 percent 
. . - A close examination of the list of fast- 

: growing cities shows that most are in 
- . ‘areas that would normally be cons ider ed 
.... r suburbs of older cities. _ 

. For example, Henderson is a suburb 
. . -'Of Las Vegas, Chandler is a suburb of 
Phoenix, Pembroke Pines is a suburb of 
Miami, and Plano is a suburb of Dallas. 
f <3f foe-15 fastest growing citie s, 11 ar e 
-■ ‘ suburbs of older, larger urban centers. 

f Growth of these cities is further ev- 
ict of the development ; of what 
biographers call * ‘edge cities.” These 
are cities that have grownup in suburbs, 
.some relatively close, others more dis- 
-jantr to older urban areas and provide 
'.alternative residential, business and ie- 
^rMtiop ai centers to major cities. . 

As has been tire case for several de- 
grades now, virtually all tire cities that 
Tost foe most population were in the 
‘Northeast or the Midwest. Those that 
liosi the most population were St. Lxiuis, 
^Missouri, which shrank by 1 1.4 percent; 
■Norfolk, Virginia, down 10.6 percent; 
^Washington, down 103 percent; Bal- 
timore, down 8.2 percent, and Phil- 
■ adelphia, down 6.8 percent. 

Among the 20 fastest growing cities, 
Xhrec -^Laredo, Brownsville and Mc- 
Allen, all in Texas — are on or near tire 
'Mexican border and have become mag- 
nets for immigrants from Mexico. 

WASHINGTON — In an early 
wammg tint inte ri ope n had better 
not poach ml their states’ oatsized 
wflnrtir* m- presidential contests, 
Governors Jeanne Shaheen of New 
Hampshire and Terry Branstad of 
Iowa have.annpnnced the creation 
of a 'comnHssiofi to preserve foe 
early contests. 

. TVe formal, bipartisarLaffiance is 
a first and demonstrates, (fiat even 
mere than two years b efor e the 
primary season for 2000 , foe jov- 
emars are concerned that the eflorts 
by many states to .schedu&eadier 
contests in 1996 Wffloidy intensify. 

“We want to protect a- system 
that has worked weUfor the Amer- 
ican people,” Mr. Bnintttd said. 
The commission’s goal is-to make 
clear, early on, that "wemeanbusi- 
ness,” be said Tuesday: : 

Fm decades, president^ candi- 
dates have lavished tiarasnally 
heavy attention on Iowa* which 
holds tire first jpresid^tial cau- 
cuses, andNew Ha m pafe i ievtire site 
of tire first primaiy.v^Bnt the 
primacy of the two state*: has al- 
ways rankled other state^ which- 
grouse about beiag cbealcd-out of 
me extensive (and intense) can- 
didate visits and voter < 

• “They can do 

tire California Democratic Party. 
“But quite frankly, the latest stare 

in foe union ought to have some say 
overdo the-nomineeis/’ , 
-/?They like. Ifie attention,’’ said- 

doesn’t mean tire rest of us ought to 
put up with it ” 

Ms. Shaheea, a Democrat, and 
Mr. Branstad, a Republican, were 

cM^^^^nwt^^fobesides draw- 
ing attention to their cause. Their 
stales have no legal authority over 
when other states bold caucuses or 
primaries. At tire 1996 Republican 
National Convention, tbe party ruled 
that no state shall have its caucus or 
primary election before the first 
Monday in February. (NYT) 

Tobacco Deal Ctrsh: 
Squabbling Begins 

WASHINGTON — The Clinton 
administration is squabbling with 
state officials over how to split a 
possible S3 68 billion settlement be- 
tween tire tobacco companies and 
40 states — even before tiie accord 
is approved at the federal leveL . 

In a letter this month, the De- 
partment of Health and Human Ser- 
vices put state officials on notice 
that Washington will seek to re- 
cover from foe settlement tire fed- 
eral shar e of any Medicaid foods 
spent on .treating people with 
smoking-related illnesses. . 

Citing Social Security Act pro- 
visions, tire department's Health 

Care Financing Adminis tration 
,$a^ “ States must allocate from the 

amount of any ‘ Medicaid- related 
recovery the pro-rata share to 
which the United States is equit- 
ably entitled.” 

The federal government pays for 
between 50 percent and 70 percent 
of what states spend on Medicaid, a 
health insurance program aimed 
primarily at low-income families. 

Within a week of getting tbe let- 
ter, the attorneys general of all 50 
stales responded with a letter to 
President Bill Clinton, saying, “The 
citizens of our stales are entitled to 
the benefit of the litigation we have 
prosecuted on their behalf.” 

The executive committee of tbe 
National Governors’ Association 
resolved last month to “strongly 
oppose federal efforts to seize stale 
settlement funds.” 

Meanwhile, foe 105th Congress 
adjourned its 1997 session .last 
week putting off until next year 
consideration of bills that would 
implement a settlement (AP) 

Quote /Unquote 

Merle Black, a political scientist 
at Emory University and an author- 
ity on Southern politics, as powerful 
members of Congress continue 

em Republicans are just continuing a 
tradition that was well established by 
the Southern Democrats. They bal- 
ance the budget elsewhere.” (NYT) 

Assisted Suicide in Oregon 
Faces Federal Intervention 

By Timothy Egan 

New York Times Service 

PORTLAND, Oregon — 
The' single-page form, titled 
“Request for medication to 
end my life in a humane and 
dignified manner,” is circu- 
lating now in foe only state to 
legalize assisted suicide. 

But whether doctors in 
Oregon will actually do what 
foe law allows them to is sud- 
denly clouded by a threat 
from Washington, D.C. 

Acting on a request by two 
Republican members of Con- 
gress who oppose the Oregon 
law, foe federal Drug En- 
forcement Administration 
has warned that doctors here 
who prescribe drugs to help 

terminally ill patients trill 
themselves could face severe 

Any doctor who writes a 
prescription for suicide 
would be violating the Con- 
trolled Substances Act be- 
cause it is not a legitimate 
medical purpose for foe 
drugs, wrote Thomas Con- 
stantine, foe administrator of 
the agency. 

The policy statement, writ- 
ten just after Oregon voters 

overwhelmingly affirmed 
their first-in-foe-nation law 
on assisted suicide, may not 
necessarily have the support 
of foe Justice Department, 
which is now reviewing foe 

But the warning has had 
such a chilling effect that foe 
leading medical group in Ore- 
gon is now advising doctors 
not to write what is a legal 
prescription in this state. 

“The only official word 
we have is that physicians 
who prescribe barbiturates 
for assisted suicide could face 
sanctions,” said Dr. Charles 
Hofmann, president rtf foe 
Oregon Medical Associ- 

“Our recommendation 
would be to not become in- 
volved until this is settled. So, 
foe chilling effect is just 
that.” The group represents 
5,700 doctors in Oregon. 

Dr. Hofmann and landing 
political and medical officials 
on both sides of tire issue ex- 
pressed exasperation and an- 
ger at the threat of federal 
intervention. It came about 
after Senator Gain Hatch, 
Republican of Utah, and Rep- 
resentative Henry Hyde, Re- 



lblican of Illinois, wrote foe 
ig agency, citing reasons 
that it should oppose the Ore- 
gon law. 

In a reversal of foe usual 
political postures, some con- 
servatives are arguing for fed- 
eral meddling and liberals are 
embracing states’ rights. Sen- 
ator Ron Wyden, Democrat 
of Oregon, opposes assisted 
suicide but said he was in- 
furiated over foe maneuver 
that has effectively stalled a 
vote of foe people in his 

“The drug enforcement 
agency indicates they want to 
declare war on physicians in 
Oregon and those they serve 
by threatening to revoke foe 
chug-dispensing privileges of 
any physician who abides by 
foe law foat Oregon has now 
passed on two occasions,” he 

Mr. Wyden and Governor 
John Kitzhaber of Oregon, a 
Democrat who is also a doc- 
tor, are hying to convince At- 
torney 'General Janet Reno 
that any sanctions against 
doctors who prescribe for as- 
sisted suicide would be a mis- 
reading of foe law on con- 
trolled substances. 

^ Saul Chaplin, Songwriter, Is Dead Away From Politics 

New York Times Service 

- - NEW YORK — Saul 
' Xhaplin, 85, an Academy 

« A ward-winning songwntcr, 
- ^producer, musical director 

■Sad vocal arranger who 
-worked on more tha n 60 Hol- 
lywood films, died Satu rday 
' ■go Los Angeles of injuries 

“suffered in a fall 

y , ni Mr. Chaplin, whose ong- 
V *jnal surname was Kaplan, 
m -made his name as a song- 

' . *vmter in the 1930s. His col- 
laborators included Sammy 

' Cahn, Johnny Mercer and Al 

Jolson. His most famous 
sones. “Until the Rea! Thing 

- oS 

.“Please Be Kmd ("3? 
were collaborations with Mr. 
■Cahn. as was foe English ver- 
5 ion of the Andrews Sisters 
signature song, 

Du Schon,” which became 
the first million-selling single 

for foe trio in 1937. 

Mr. Chaplin and Mr. Cahn 
> went to Hollywood in 1943 w 
write songs for S 7 

y* ' sicals for Columbia. In 

wifo Mr. Jolson, he adap^ 

^ “The 'Anhivrasafy^ 



_from Ion Jvanovici’s wata 

/ . .‘‘Waves of the Danube. It 

/ became a million-seller. 

In die 1950s, Mr. Chaplin 
was tire .musical arranger of 
Hollywood m u s ic afe. He won 
three Academy Awards (on tat 
five nommatiaas^frpfoe scor- 
ing of a musical picture, shar- 
ing an Oscar wifo Johnny 
Green fix “An American in 
Paris,” with Adolph Deutsch 
for “Seven Brides for Seven 

Brothers,” and with Mr. Green, 

Sid Ramin and Irwin Kostal for 
“West Side S*o*y.”’ 

Robert Kane, 72, 

Noted Travel Writer 
Robert Kane, 72i a travel 

writer and Greater of the “A to 

Z” and “World at Its Best” 
guides, died of a heart attack 
Nov. 10 at his homehere. : ■ 
Mir. Kane’s guides T were 
unusual in that they consisted 
of firsthand accounts, rafoer 
rhan collections of reports by 
other writers, and they were 
well received ns easygoing 

audreatfable. ' - _ 

He was among the first 
American travel writers to to 
focus on sub-Saharan Africa 
when it emerged from Exno- 

pean colonial nrie^Theregion 

framed the subject erf his first 
book, “Africa A wZs.A 

Gxride^feTravelers — Ann 1 
• chair and Aetna?’ 

S L961; revised, 

, publication of 
cries was taken 
McNally, and 
nan bis sub- 
, “World at Its* 

« * 7 aJ. 

• The American Medical Association is of- • The United States has banned imports of 
faring accreditation for doctors, with detailed cattle, sheep, their meat and many related 
evaluations to be sold to hospitals and in- products from Belgium after a case of “mad- 
surance companies. (NYT) cow 1 ’ disease was reported there. (AP) 


Companies, Trusts 
Tax Planning 


For nHned&tfi Mnics COBtKt 



. muini Hair term. 

Trie + 153 1 661 MST 




mmk J & 

e??nioii w 


Your new ncighbopf^V^^^!fKh;.Spkimsh, Jupa- • 

• nos-e, P r enc h r ^^ rrndrf 1 -;lui;gv>^v. L . Dutch- mid 

T.ri Wiiri'---. e . 1 f> q the- world Over 
for that of global compotftrvcner, 


P v >Vj rEIE tK A A 



Says Haze 
Js Clearing 

Arrival of Rainy Season 
^Helps Airports Stay Open 

-« Reuters 

JAKARTA — Indonesia's 13 region- 
al airports, which have been frequently 
'■shot in recent months because of reduced 

- visibility caused by smog, have all re- 
Qpwuxl with tiie arrival of monsoon rains, 
‘government officials said Wednesday. 

- r . Officials said sporadic and scattered 

rain had been falling throughout the 
‘length of Sumatra Island and across 
Kalimantan on die Indonesian part of 
‘Borneo Island in the last week. 

“The rains don't come in a big out- 
break,” a weather official said. "They 
•start step-by-step, and even though the 
rainfall is sporadic, we can say the wet 
-"season has started.” 

Data from the Indonesian Environ- 

- mental Impact Management Agency 

Albright's Visit to India t= 
Opens a ‘New Chapter ’ 

Talks Hailed Despite Disruption on Iraq 

showed viability in excess of 3,000 
Mnetexs (1.9 miles) at 13 airports that had 
‘- been affected by smoke. 

T An agency official said the fine co- 
ordinating post had received no reports 
-of satellite-detected “hot spots,” gen- 
yerally thought to be fries, in three days. 
»dBut she added it was not clear if this was 
.'because of technical problems. 

>• Fires across Indonesia, mainly set to 
* clear land for planting, sent a choking 
“haze over large areasofSoufoeast Asia in 
recent months, triggering health alms. 
-The haze reached as far as the Phil- 
ippines, Australia and Sri Lanka. 

Forestry specialists said much of the 
’"smog from Kalimantan was coming 
'from smoldering peat bogs, and these 
fires would be almost impossible to ex- 
tinguish without heavyprolonged rain. 
l A meteorological official said weath- 
er satellites showed Kalimantan and 
•Sumatra covered in heavy clouds, in- 
■ dicating a high probability of rain. 

White data from die Indonesian 
•agency i«vtir_ateH some haze was still 
present on Sumatra and Kalimantan, 
visibility in key towns was good. 

••• During the height of the smog prob- 
lem, declared a natural disaster by the 
government, visibility in die worst-af- 
fected areas was regularly less than 10 

M Smogless Skies in Singapore 

The choking haze that has hung over 
much of Southeast Asia since summer is 
gone, meteorologists said Wednesday, 
The Associated Press reported from 

“The monsoon rains and the increased 
persistence of northeast winds will keep 
Singapore clear of haze in months to 
come/’ Wong Teo Suan, an official with 
Singapore's weather service said. 

“The whole region is clearing,” he 
added, “and whatever remains behind 
should be doused by rain.*’ 

SfaNuanr HindnOha An rin«H Proa 

Onlookers gathering to inspect the bomb crater at D. Rama Naidu film studio near Hyderabad on Wednesday 

Bomb at Film Studio in India Kills 23 

The Associated Press 

HYDERABAD. India — A bomb 
exploded Wednesday outside a film stu- 
dio in southern India during a gathering 
of actors, fans and journalists, killing 23 
people and wounding 20 others. The 
police suspected rivals of a producer 
who was wounded in the attack. 

Bloodied bodies were strewn on the 
street outside D. RamaNaidn film studio 
in Hyderabad, 800 miles (1300 kilo- 
meters) south of New Delhi, where a 
crowd had gathered for a party celeb- 
rating the production of a new movie. 

Many of the wounded lost limbs, and 
seven people were in serious condition, 
said Elam Pratap Singh, Hyderabad's 
police chief. Among those hurt was the 
popular In dian actor Mohan Baba, who 
had a role in the movie. 

The police said they believed the tar- 
get of the bombing was Pari tala Ravi, a 
politician and producer of the film. They 
initially said Mr. Ravi was seriously 
wounded, but later said his condition 
was not life-threatening. 

A former guerrilla leader and a local 
warlord, Mr. Ravi is a state lawmaker and 

member of the state’s governing Tdngu 
Desam party. He renounced guerrilla 
warfare about 10 years ago and was 
pardooed following his surrender. The 
police said the motive for the blast could 
have been personal rather than political. 

There was no immediate riahn of 
responsibility for the bomb, which blas- 
ted: a crater 6-feet wide and 2-feet deep. 

Andhra Pradesh’s state police chief, 
H.J. Dora, citing witnesses, said the 
blast was caused by a car bomb parked 
at the studio entrance and set off by 
remote control. 


CtmfUrdbjOnrSaffFnui DipMeka 

NEW DELHI — Despite the US. 
preoccupation with the Iraqi crisis dor- . 
mg a visit here by Secretary of State 
Madeleine Albright, a senior official in 
India’s Foreign Ministry said Wednes- 
day that her trip opened “a new 
chapter” of more nannomous relations 
focused cm a broader range of issues. 

“In a way, a new chapter has been 
opened,” tire official said. “The dis- 
cussions chalked out broad directions 
for a future relationship.” 

The official also indicated that India 
understood Ms. Albright’s need to 
make a short trip even shorter to attend 
to the Iraq crisis. 

“I don’t dunk there is a low priority ’ 
forU.S. relations with India, the official 
said. “The substansive part of the pro- 
gram was earned through in full,' 1 he 
said, refering to meetings with Prime 
Minister Jnder-Knmar Gujral and Pres- 
ident K. R. Narayanan. 

- Since her arrival in New Delhi, the 
Iraq situation has played havoc with 
Mrs. Albright’s schedule. She has car- 
ried out intense long-distance negoti- 
ations on the issue with her diplomatic 
colleagues, forcing her to cancel a din- 
ner Tuesday night and a visit Wed- 
nesday morning to die Taj Majal, south- 
east of hoe. She left New Delhi on 
Wednesday afternoon, a day early. 

Because of the Iraq crisis, she also 
had to abbreviate hex schedule in 
Pakistan and to scrap a visit set for 
Thursday to Bangladesh. 

In the meetings with Mr. Gujral, die 
parliamentary speaker and deputies, 
Mrs. Albright was questioned about 
Kashmir, a flashpoint in India’s rela- 
tions with Pakistan. 

“The American position is that we 
would very much tike to see feat die 
Kashmir issue is resolved peacefully 

between the two countries and that v/e 
have no desire to be involved 
beyond if we arc requested,” she saia- 

While New Delhi bristles at any pos- 
sible third-party mediation on Kashmir. 
Washington has frequently offered its 
services should both sides agree. 

Mr. Gujral reportedly told Mrs. Al- 
bright about India’s concerns about 
cross-border terrorism and its commit- 
ment to peace talks with Pakistan. 

During the Cold War, the United 
States and India had strained relations. 
New Delhi, officially non-aligned, had 
dose ties with Moscow, while Wash- 
ington courted Pakistan as a counter- 
weight to Soviet influence in Asia. 

The two countries have now started*, 
delicate contacts to clear the way for a 
visit to India by President Bill Clinton 
early next year — the firet by a U.S. 
president in 20 years. 

As a sign of the improving relations, 
Mrs. -Albright and Finance Minister Pa- 
lani appan Chidambaram signed a bi- 
lateral agreement on investment incent- 
ives. The pact aims to promote and 
protect U.S. investments in India by 
facilitating support from the Overseas 
Private Investment Corporation, a U.S. 
agency that insures or guarantees Amer- 
ican private capital investments. 

Mrs. Albright also signed an agree- 
ment to set up a science and technology 
forum to promote research collaboration 
between Indian and U.S. scientists. J 

Mrs. Albright and Mr. Gujral also “ 
reportedly discussed cooperation on nu- 
clear energy programs and touched^on 

the Comprehensive Test Ban Treaty. 

India, which exploded an atomic 
device in 1974 but says it has no nuclear 
bomb, refused last year to sign a treaty 
banning all nuclear arms tests despite 
U.S. requests. (WP, AFP : Reuters) 

Mahathir Easily Triumphs 
In a Vote of Confidence 

KUALA LUMPUR — Malaysia’s lower house 
of Parliament overwhelmingly approved a motion 
of confidence Wednesday supporting Prime Min- 
ister Mahathir fan Mohamad and censuring the 
United States. 

The motion was approved by a voice vote after 
members of two leading opposition parties 
walked out Mr. Mahathir’s 14-party coalition 
controls 168 votes in the 192-seat lower honse. 

The motion criticized a resolution before the 
U.S. Cbngress demanding that Mr. Mahathir either 
apologize for remarks critical of Jews or resign, as 
well as a U.S. investigation into a gas deal in Iran 
involving Malaysia’s state oil firm, Petronas. 

“We are not a puppet state controlled by any 
fag power,” the deputy prime minister, Anwar 

Ibrahim, said at the end of the debate. 

Lim Kit Siang, the leader of the Democratic 
Action Party, which walked oat on die vote, said 
feat his party opposed die U.S. resolution and the 
Petronas investigation but that the motion of 
confidence was “an oveneacthm. ” (Reuters) 

China Calls Land Mines 
1 Indispensable ’ to Defense 

BEDING — China defended its position 
against the global treaty banning land mines on 
Wednesday, saying that foe weapons “play, an 
indispensable role” in its defeases. 

An editorial in the official China Daily ac- 
knowledged the civilian casualties caused ^each 
year by land mines left from past conflicts and the 
growing international movement to ban them. 

“However, the movement seemingly ignores 

the necessity of self-protection in many coun- 
tries.” it said. “Land mines as an effective de- 
fensive weapon play an indispensable role for 

Singapore Caning Protest 

SINGAPORE — New Zealand has protested 
the caning sentence meted oat Wednesday by a 
court to a former serviceman for remaining il- 
legally in Singapore, New Zealand's Ministry of 
Foreign Affairs said through an official here. 

. . . The defendant, David. Peden, 31, -was -sen-, 
fenced to three months in jail and three strofcefrqf - 
the cane for having, resided in die country without ■ 
legal permission" foPmore than two years. Caning 
is a frequent punishment in Singapore. 

He also received, a 12-month term, to ran 
concurrently, for morphine use. (Reuters) 

High Court Accuses Sharif 

ISLAMABAD, Pakistan — Prime Minister 
Nawaz Sharif of Pakistan was formally charged 
with contempt of court Wednesday in a dispute 
between the government and the judiciary. 

The charges were leveled when Mr. Sharif, 
who has been in power for nine months, appeared 
in foe Supreme Court to respond to charges that 
remarks he made this month showed contempt for 
the nation’s highest legal institution. 

He had said that foe comt acted illegally this 
month when it suspended a constitutional amend- 
- mqir tfyir Kant .members fif 

The coart also charged Mr. Sharif with having - 
said “that the filth in foe form of floor-crossing 
which was cleansed by the Parliament has been 
restored by the chief justice.’ * (Reuters) 

See Friday’s ht awri td 

for UoGdin a Travel, Residential 
Real Estate and Dining Out- 
To ndeertise eoniarS Sarah Wushof 
on +44 171 420 0326 
or lax +44 171 420 0338 



All 2D KOVEMfiRE 1987 
fflx Hors TVA en dew locale 
{bafadon dkpunHB nr dusnta) 
ftvnptact Ibs (wanes antoriein 

FRANCE (zone C) B1 FH - TVA 2Qj5% 
GO-. 383 FOC: 2,40 

SOT: 5.40 SCSP: 585 

(Krone Bits ft- TWt7j%(W5W 
GO. 0,5642 F0D*: 03*« 

ALLHAGNE {zone I) DM1 - TVA 15% 
ZONE I - G : 

80. 1,10 


00: 18* SCSP: 1,43 


GO US SCSP: 1.43 


GO 137 SCSP: 1^48 


GO 223* FOO: 11,05 

SCSI: 3339 SCSP: 31.49 

HOUMDEbuQ -TVA 173% 
80: 1321 FOO 0329 

SOT: 1.957 SCSP: 1308 

LUXEMBOURG ea UJfit ■ TVA 15% 

GO 19.48 

ESPAGNE (sane A) en PTASMVA 18% 
GO 8*33 

SOT 103,45 SCSP: 1075S9 

■ I In ruin 

USaJi WfcuXTtS 

Legal Services 

DIVORCE IN 1 DAY. No met Write: 
Bn 377. Sudtnry, UA 0177B USA. Tel 
97BM4383B7, Fae 976M4301B3. 


New Lower 

Belgium........ 310 

France 27* 

Netherlands- 23$ 
Switzerland-. 27p 
UK. 170 

- NO Set Up Fees 
> NO Mlnlmums 

• NO Deposit 

• instant Activation 

! « Six-Second Bfliing 

• AT&T Quality 

I • 24-hour Mutti-fingua] 
Customer Service 


Tel: 1 . 206 . 599.1991 
Fhx: 1.206.599.1981 
417 Second Avenue Wfcst 

Seattle, WA 98118 USA 

UmlUSBribM* — —fr***** 

m d Wtf (HMUBps. Be MBS d year 
atom* vmtORfcdngaaubn^ 
tion.jteu alltH Wtoakio nuntwx 
T0U. FUSE - Audria 0880 8120 M- 

S 17538 Fanca 0800 <37437 
0130 848581 Gma 00800 
Hr W 780040 tlMntOin 
0800 2703 Ndtartndi 0800 022 5158 
SasdHi Q20 79HB9 SrtKdand 0800 
555757 UK 0800 BS58G5 OswftWB 
(-*33) 1 4M3B361 THE AMERICAS; 

usa (Hterii-awaaBB* smfen 
|*1) 212 7523890 ASIA: Hoag Kong 
2922 1171 Moons 809 1828 Japan 
floHna) 0120 *54 027 
torn 3672 0044 lUBKh 221 70S 
PNtaMM 895 4946 Stognxn 325 
083$Taftnn 7753456 TMfcnd Z77 

4485 Bw ttra (+262)29221171 

mP oVHM h Bdmjaa • 
lima Tcfc Ml (01) 47 23 80 80 . 

HeattMk&al Services 
Cal 7348814 QhJwJ flood, Stegapra 


U*Ptu»-fta Sgufces Hfcrtfrtie 

Aston Corporate Trustees 

Attn Hcum, Doughs, tab o! Ifan 
Ttt +44 (ffl 1824 82891 
Fac +44 ft 1824 025126 


T* +44 (8)171® 130 
Ita *41 (0) 171 233 1519 

EMaflr a taiiwtepf te nel 


2nd PASSPORT 310 K. Ate Si. DfekK 
flats, Dttaft LJcana. E*nd: 
oqudeuatnBtpti Fbc 846317552 

ttua or sMn Tat Linton 44 181 7(1 
1224 FBC 44 191 749 95588338 

Business Opportunities 







0 CRA W 0 RLDWH 3 E 


2402 Bark d America Tomt 
12 Haroxn Road. CenM, Hong Kong 
T* *852 25220172 Fac 4652 25215388 


1905 Shanghai OnseasCMateMansjaa 
129VanAn Rod WasL ShanM 200040 
Tet*8G2t 62484355 Fac88^ 82481421 

WeO pages: tWW.OCRA.COM 

Business Services 


* rtamataai 6* and has 

* Maim, tokptana. Vm ml 
ataEDpSr rentes 

* Itanttion and sraaatt sanlces 
Jortnam oohmahuxi m 
aeiMotton ol Sws md torafgH 

* RiiMhad oRaa ant corfaranca 
foods tor dNjr or montty remaJ 

Ftl corftiera aid dteakn assual 

7 Rue May, 1207 GDCVA 

TS 736 05 40. Vs 413222, Fax TUB 06 44 

Bond Som - Uafl. Phone, Fax. Tela 
T* 44 171 290 9000 Fax 171 489 7517 

Capital Available 


If & A 

CfjporaB flnanaw 

Tel: 001-407-248-0360 
Fac 001-407-248-0037 USA 

mitt lor any vtatta pnjacU ■otto- 
•Wa. Rx Wef (ffloptb In EnMt to 
SxpMf /MWB84, M44-1273&T3IXL 

Real Estate 
for Rent 


tenUwd, 2HtaUile bedroom 
£400 par week tong tom. 
Tat +44 (0)171 589 8223 

Pols Area Furnished 


Taiwan Desperado Surrenders to Police 

Rntohed apadmeds, 3 norths or non) 
or triunttad. ndderttal anas. 

Tel: *33 1 
Fac +31 

42 2532 25 

45 0 37 09 


Apartmaos 8 rant famished or nol 
Satot L Pn^M+y Mananoot Sentoes. 
25 A* Koeta 75008 Psis ft 01 -45611020 

Tel: +33 (0)1 45 63 25 60 


ngnto. From sadoc to 4 bsfaxro s . Tat 
+41 22 735 8320 Rax +41 22 739 2671 

Next Special Heading 



For more details 
please contact: 

in Paris 

TeL: + 33 ( 0)141439385 
Fax: + 33 ( 0)141439370 
E-maib dassified@iht com 

Herald Tribune 
ads work 

The Associated Press 

TAIPEI — A slaying suspect hunted 
by foe Taiwan police for the last six 
! months released his last hostage Wed- 
nesday and surrendered, ending a 24- 
hour standoff ax foe home here of a 
South African diplomat. 

The suspect, Chen Chin-hsing, freed 
Anne Alexander, wife of the South Af- 
rican defense attach £, E.G.M. Alex- 
ander, and was taken away in a police 
motorcade to an unidentified location. 

Mrs. Alexander walked to an ambu- 
lance, apparently unhurt, and was driven 
to a hospital to visit her husband and a 
daughter, who were released earlier after 
they were wounded in a gun battle be- 
tween Mr. Chen and foe police. 

Mr. Chen was wanted in foe kid- 
napping and killing of a television star’s 
teenage daughter and foe slaying of a 
plastic surgeon and two nurses. 

He took the family of five hostage, 
later explaining that he had singled out 
foreigners to draw attention to his de- 
mand for foe release of his wife, Chang 
Su-chen, and brother-in-law, Chang 
Chih-hui. Convicted of being his ac- 
complices, they were sentenced to 12 
years and life in prison, respectively. 

After the initial shootout, the police 
sought a negotiated solution, bringing 
Mr. Chen’s wife to foe house Wed- 
nesday morning to help mediate. 

They later allowed an opposition law- 
maker, Frank Hsieh, to enter. He spent 
two hours talking with Mr. Chen before 
walking out with another hostage, the 
Alexanders’ daughter Christine. 

While he was in the home, Mr. Chen 
spent several hours cm foe phone with 
Taiwanese television stations, calmly 
admitting a series of crimes. 

He acknowledged taking part in foe 
kidnapping in April of Pai Hsiao-yen, 
the 17-year-old daughter of a popular 
television entertainer, Pai Ping-ping. He 
denied killing foe gni, however. 


The wife of Chen Chin-hsing passing a baby to safety from the house in 
Taipei where he held a South African diplomat’s family hostage. 

Do you live in Austria, 
Belgium, Luxembourg 
or Sweden ? 

Fot information about subscribing call: 

Austria 01891363830 
Belgium 0800 T538 (toll-free) 
Luxembourg 0800 2703 {tolHiee) 

Sweden 020 797039 (toll-free). 

Hcral b^^ Sribune 

Congress Party Prods Gujral 

Tire «OKurs nuorwEwsmrat 


NEW DELHI — The Con- 
fess (I) Party, which gives 
5Y support to Prime Minister 

key support to Prime Minister 
Inder Kumar Gujral’s coali- 
tion, TTiaifitainrai pressure On 
the government Wednesday 
over a report on foe assas- 
sination of former Prime 
Minister Rajiv Gandhi. 

“We will demand action 
against ail those indicted by 
foe report,” a Congress 
spokesman said. 

“The action shonldbe both 
political antl'legaL” said the 
spokesman. Vtfoal GadgiL 

Lawmakers of foe Congress 
Party have called on it to with- 
draw support for foe coalition 
unless foe coalition expels 
DravidaMunnetra Kazhaga m. 
a regional party reportedly im- 
plicated by foe repent over al- 
leged links to foe Liberation 
TigCTS.of Tamil Eelam. 

The government has 
blamed foe Sri Lankan rebel 
group for Mr. Gandhi’s as- 
sassination in 1991 by a sui- 
cide bomber. The winter ses- 
sion of Parliament was 
adjourned without .debate 
over foe leaked report 


fi \ 1 *o L — — — — 

Vic * t "4 . , , 

14,4 »*■>,, i,. ‘ ^ Monarchy in Flux ^ 

^ Stops to Celebrate 

■t. Elizabeth IPs 50th Wedding Aimiversary 




By DaaBalz 


i i*i« V.- 

i crown, he 

lovingly calls her “sausage” and their 
raamage has lasted 50 yeare. Today she 

^miggte to appear contenrooraiy, bat a 

-biographer calls her the original 

- people s princes s. Their wedding helped 
to lift the spirits of a war-ravaged coun- 

• try and define the modem monarchy 

But as Queen Elizabeth n and the 
; Duke of Edinburgh celebrate their 50th 

- anniversary Thursday with two days of 

- parties, concerts and services, die fest- 
ivities will mark more the closing of an 

i era tha n a tribute to the grandeur and 
. glamour of the British monarchy. 

- Less than three months after me death 
of Diana, Princess of Wales, the royal 
family is still coming to .terms with the 
demands on a modem monarchy. 

- Changes are promised and the institu- 
tion, the palace promises, w31 be 
slimmed down to soil the demands of die 

• age. But change comes slowly, and the 
clashing symbols of an institution in 

• transition abound this week. 

On Wednesday night, for example, 
the queen. Prince Philip and invited 
guests were to dine at the People’s 

- Palace, a modern chrome-and-woodres- 

■ taurant favored by Prime Minister Tony 

■ Blair and his “New Labour” govern- 
ment On Thursday ni ght , however, the 

■ royal couple will hold their golden an- 

- niversaiy ball at the magnificently re- 
. stored Windsor Castle, which was heav- 
» ily damaged by fire five years ago this 


The lavish restoration cost about £35 
million ($60 million), most of it from 
private funds. The elaborate, green oak 
ceiling in the 180-foot long Sl George’s 

• Hall consumed 350 oak trees and took 
nearly a full year to complete. Crafts- 

le used 500,000 gold leaves — 
1,000 square feet (990 square meters) 
of gilding — to restore the castle’s in- 
teriors. “A wonderful anniversary 
present,” die queen called it . 

The guest list is equally gilt-edged. 
The number of kings and queens, princes 
and princesses, and dukes and duchesses 
coming from around Europe, the Daily 
Telegraph reported, has “excited gene- 
alogists, who cannot recall such a gath- 
ering of royal houses." 

Before the ceremonies end, the queen 
and the prince will be feted by die prime 
minister, the lord mayor of London, with 
a concert in Royal Festival Hall and a 
service at Westminster Abbey. 

But this Cinderella week will have a 

pampkiD-coach ending Friday, when die 

inyal yacht Britannia <rfrarr><Vffl rnf T ftn- 
don far die last time. The,»bw govern- 
ment has decided that, aftar.44 years and 
more rfmn a million reurtyaTmiles, Brit- 
annia has become a costiysand expend- 
able symbol of the oki order. The ship will 
be decommissfozied next month. There is 
talk that die royal train is next to go. 

The royal family has accepted the 
decommission of B ritannia stoically. 
Since Diana’sdeath, the royal family has 
made a concerted effort tribe more ac- 
cessible and informal. Last week, the 
queen visited ahomeless center and chat- 
ted on camera with some of the people 
Irving there. Last month, dnm^g a rocky 

former daughter-in-law. Abcording to 
One report, Nxmoioagc^se^pcctseivay- 
onetobow in her presence^ 

Prince Charles has mHeggone an im- 
age makeover of his owriTounng south- 
ern Africa tins month wfffatttis younger 
son. Prince Hany, he -^sarnpled tribal 
beer, paid tribute toDianajand playfully 
posed, along with' President Nelson 
Mandela of South Africa, with die Spice 
Girls. He evenchaltedsevdral times with 
the accompanying press corps. 

“I think there is a real -sense at die 
moment; not only tiotgeqpfe want the 
monarchy to chang e, batfeai they,” the 
royal family, **haw ftitoipl^itmw»ig f!nn 
boaid,” sa^BenHmk)tt,a^tharof ‘‘The 
Queen: A Biography of ElSsabeth IL” 

The palace says dial by next year it 
will have cut die cost of running the 
monarchy fay 39 percent since the be- 
ginning of the decade, according to fig- 
ures supplied to the BBC. In addition to 
the royal train, the palace is said to 
believe that, over time, it will relinquish 
possession of Kensington Palace. 

Prince Charles’s charitable work is 
Britain's inner cities, throngh the 
Prince’s Trust that he established many 
years ago, suddenly putt him in better 
favor here in the post-Diana world, and 
his advisers ate pleased that he is now 
being portrayed as a caring and loving 
father to Princes William and Hany. 

But much of what has occurred are 
small gestures, curtsies to a sew style. 
How much more die royal family is pre- 
pared to do — and bow quickly they will 
do it — areopen questions. “There is a 
debate going on, but there are no easy 
answers,” said an official close to the 
family. “It's an institution based on a 
family, so it's a debate within a family.” 

This week, the palace made clear that 
certain radical changes that had been 
speculated upon in the days after Diana’s 


The 'queen and PriflCe^fthffip toasting their guests Wednesday at an anniversary lunch at Guildhall in London. 

Britain was Bat-broke from World War II and there was still food rationing when 
Elizabeth and Philip were married. But her father, King George VI, wanted a big 
wedding for his daughter, and the newly elected Labour prime minister, Gement Atlee, 
agreed. The wedding would help relieve, if only briefly, the war- weariness of the people. 

(feaft — die abdication by Queen Eliza- 
beth in favor of Prince Charles, or 
Charles’s passing the crown on to his son 
William — are out of the question. 

“It isn’t going to happen," Simon 
Gimson, who untQ recently ran the 
palace’s policy unit, told the BBC in an 
interview authorized by the palace. Asked 
whether the queen might retire at some 
point, he replied, “Absolutely not.” 

Sarah Bradford, author of“ Elizabeth, 
a Biography of Her Majesty die Queen,” 
said she believed that the royal family 
had decided that while they want people 
to believe changes are coming, they want 
to make clear the limits of reform. "They 
don't seem to have been able to get than 
across before,” Ms. Bradford said. 

. If nothing else, die queen's an- 
niversary celebration serves as testi- 
mony to a personal relationship carried 
through difficult times and to changing 
images of the monarch herself. By many 
accounts. Philip can be a difficult and 
sometimes distent person, hut he has 
supported the queen throughout their 
marriage. (“Cheer up, sausage,” he 
once said to her daring an interminable 
royal tour early in her reign. It was a 
nickname of affection, not derogation.) 

The marriages of three of her four 

children ended in divorce, and the fourth 
has not married. Five years ago, after the 
fire at Windsor Castle and the revelation 
of intimate details of Charles’s and Di- 
ana’s lives, she called 1992 “annus bor- 
ribilus.” Life has not got much easier 

Today, the queen is sometimes seen as 
dour and dowdy and resistant to change. 
And so it is perhaps easy to forget that, at 
the time of her wedding, she was viewed 
as a beautiful young princess who had 
snared a dashing war hero as her prince. 
When she went to Washington in 1951, 
President Hany Truman strutted with 
pride as he was introduced. “When I 
was a little boy, I read about a fairy 
princess,” he said, "and there she is.” 

The wedding between Princess Eliza- 
beth and Philip Mountbatten came at a 
time when a reserved and dignified mon- 
archy suited the sensibilities of middle 

Peter Clarke, a historian at the Uni- 
versity of Cambridge, said the war years 
might have marked the peak of a "re- 
spectable but rather boring” monarchy 
that by now has run its course. 

But the wedding introduced a new 
measure of style and romance into the 
royal family that had been missing — 

and became a model for the royal wed- 
dings that would follow, including that 
of Charles and Diana in 1981. 

Britain was flat-broke from the war 
and there was still food rationing when 
Elizabeth and Philip were named. Still, 
her father, King George VI, wanted a big 
wedding for ms daughter. Some politi- 
cians found displays of extravagance 
offensive, but the newly elected Labour 
prime minister. Cement Atlee, thought 
otherwise. The wedding would help re- 
lieve, if only briefly, the war- weariness 
of the people. 

Now, in looking back, the descrip- 
tions of the wedding sound strangely 
familiar to some of what was seen and 
heard here only a few months ago and 
lend some perspective to the demands 
for modernization of the monarchy. 

Ben Pimlott described it this way in 
his biography of the queen: 

"It was to be a jamboree fit for a 
people’s princess, which would show 
that a Labour government knew how to 
give everybody a good time, even in the 
depths of economic adversity.” And 
when they put the wedding dress on 
display in Sl James’s Palace, the lines of 
people waiting to get in and see it 
stretched up ami down The MalL 

6.8% of Vote 
In Denmark 
Won by Foes 

Ageitce France-Pressx 

COPENHAGEN — According to re- 
sults made public Wednesday, a Danish 
far-rightist party that ran an anti-im- 
migrant campaign made a strong show- 
ing in local elections. 

With 93 percent of the ballots coun- 
ted, the Danish People’s Party won 6.8 
percent of die votes in Tuesday’s mu- 
nicipal and regional elections. 

It fielded candidates in 142 of Den- 
mark’s 275 districts, the Interior Min- 
istry said. 

The governing Social Democrats fin- 
ished first with 33.1 percent, down 1.2 
percentage points from the previous lo- 
cal elections in 1993, the minis ay said. 

The Danish People's Party was foun- 
ded in 1995. Its support apparently came 
partly at the expense of another far- 
rightist group, the Progress Party, which 
fell from 3.4 percent to 1.7 percenL 

The Liberal Party slipped 2J2 per- 
centage points to 25 percenL 

The party that came closest to holding 
its previous level of support was the 
Conservative Party, which slipped 0.7 
percentage points to 12.1 percent. « 

The Danish People’s Party cam- 
paigned against what it depicted as a lax 
nnmigratioa policy that ir said had led (o 
a flood of refugees entering the country, 
mainly from Africa and the Middle East 
Foreign nationals account for 4.5 per- 
cent of Denmark's population of 5!5 

milli on. ■ 

Pia Kjaeragaard, the party leader, wel- 
comed "this fantastic breakthrough” in 
the election. "It’s only a beginning,” 
she said, predicting the party would “go 
fru" in the parliamentary elections that 
must be held by next September. 

Mrs. Kjaeisgaard said Wednesday 
during a televised political debate that 
“these results showed that voters have 
had enough of the government’s passive 
policy on immigration and said clearly 
that enough is enough.” 

The head of the Liberal Party, Uffe 
Ellemann-Jensen, said in the same de- 
bate. "The problem of refugees and im- 
migrants was high on voters* minds even 
in elections where concerns were of la 
local nature." » 

Prime Minister Poul Nyrup 
Rasmussen said Tuesday night that the 
results showed his party had held firm aqd 
that there was no need for early elections 
as demanded by die opposition. 

"The voters at the last moment 
thought twice and did not swell the ex- 
treme-right wave, as the polls pre- 
dicted," he said. * 

.A ,;.7T >7.'. r.“.. 


p:« t.:r Kht .i/.r ir. 

«&:■» *. P i- j* ‘ - ioi ‘£!i :* 

n Nirn , nii* , r*l» 

»*« ■ 


i v 

Aftershocks Rock Greek Isle 

ATHENS — More than a hundred aftershocks shook 
Zakin th os in the Ionian Sea, shortly after a double quake 
rocked the Greek island, seismologists said Wednesday,. 

George Stavrakakis, director of die Arty ns Obser- 
vatory’s seismology nnit, said the aftershocks occurred 
Titesday in the six hours after two quakes in the afternoon 
registered 6.6 and 6.0 on the open-ended Richter scale. 

* serious injuries were reported fromthe two quakes, 
but they caused slight property damage on Zaktnthos : and 
in die southern and western regions of the Peloponnisos, 
the authorities said. ' 

Mr. Stavrakakis said that since midnight Tuesday, 
there had been fewer and less powerful aftershocks, "in a 
range between 4.4 and 4.9 on the Rtehter scale.” 

"This activity, which could continue for raveral- 
weeks, follows a normal pattern of events,” he said. 

In the last two weeks, seismologists have recorded 
several tremors, from 4 to 5.5 on the scale, in other Greek 
regions. The south of Crete, tire Peloponnisos. the.Gulfof 
Corinth and the eastern Aegean Sea were all hit, bat no 
victims or serious damage were reported. (AFP) 

Reprieve for El] Commission 

STRASBOURG — The European Parliament lifted a 
threat Wednesday to dismiss tire EU executive for mis- 
bandling thecrisis over "mad cow ” disease, saying ithad 
.gone a long way toward righting pay wrongs. 

By a vole of427 to 33, deputies adopted* report on the 
crisis by a European Parliament committee of incruiry. 

- But they tola the European Commissioii, tire EU ex- 
ecutive body, that it would remain under scrutiny and still 
had much work ro do, including disciplining civil servants 
who had been found negligent ’ 

■ The commission was accused by. deputies of putting 
market concerns aheadof consumer health when the mad- 
cow became apparent . • (Reuters ) 

New Chief for War Crimes Panel 

THE HAGUE — Thejudgeson the war crimes tribunal ■ 

for the former Yugoslavia chose a tamer gits 

lawyer on Wednesday as president of tire UHccmt- 
dabrieUe Kiric Mr&fonald, a 55-year-old fonnerlaw 
professor who is a federal judge m Houston, las already 


to bring to justice those responsible for atrocities daring 

th# unr in ftosnia-Herzegovina. . . 

the war in Bosnia-Herzegovina. 

Judge McDonald also headed Ore 

that imprisoned the Bcsnfon Serb warmnmal 
Thdic for 20 years in July after a year-long tnaL 
T She was iJ^mmended for the tribunal's 
departing president, Antonio C^s^and to^tion 
wasbacked fry it8 other judges at a me eting Wednesday. 
Judge McDonald will serve a two-year term. (AP) 

Hungary Sees Valid NATO Vote 

considered valid if direction in a refcr- 

eligibte voters cast votes m one (Reuters) 

endum,” h® said. ..... — — 

On Scientology 


COLOGNE — A group of 
UjS. congressmen said Wed- 
nesday that religions freedom 
was alive and well in Ger- 
many and that they were em- 
barrassed by recent efforts in 
the House of Representatives 
to scold Bran on the issue. 

The sax congressmen, on a 
three-day toar of Europe, said 
they were relieved tire House 
had Soundly defeated a res- 
olution criticizing Germany 
for discriminating against re- 
ligious minority groups, par- 
ticularly foe Church of Sci- 
entokSgy. . 

* ‘We vote on a lot of tilings 
we-sfypald be embarrassed 
about,” arid Calvin Dooley, 
Democrat of California. 
_"Th» ' never should have 
crariejip for a vote.” 

GraSnany has been ero- 
broHe^jjaa public battle with 
Scientology, which it does not 
recognize as a religion. Sci- 
entolqjjpsts say German an- 
tharities persecute them and 
their beliefs. The spat has 
been atruirer irritant in Bonn’s 
relations with Washington. 

Tbe iJousc voted, 318 to 
101, last week against a res- 
ahitk»tfhat would have urged 
President Bill Clinton to ex-, 
press 5 concern . about Ger- 
many^ treatment of religious 
Germany called 

the accusations of religious 
intolerance absurd, but raid it 
was concerned by tire feet that 
more than 100 members of 
Congress had backed the 

"The overwhelming size 
of the vote should show how 
House members fed,” said 
Bob Livingston, Republican 
of Louisiana. 

The congressmen stud that 
they had met with Chancellor 
Helmut Kohl on Tuesday but 
that the issue had not crane 
up. They added that several 
members of Parliament .in 
Bonn had asked them about 
the vote. 

Foreign Minister Kl a us 
Kinkel has said he is con- 
cerned that the Los Angeles- 
based Church of Scientology 
has distorted Germany’s im- 
age in the United States. 

After tire House vote, 
which attracted considerable 
media attention in Germany, 
Mr. Kinkel said he would 
launch a campaign to spread 
information about Germany's 
position on Scientology. 

The movement has com- 
pared attempts by authorities 
in some German states to ex- 
dude Scientologists from 
public jobs and contracts with 
efforts by Nazi Germany to 
discriminate against Jews in 
the early 1930$. 


Amsterdam from DEL 295 per nighL 

Enjoy a little luxury thin weekend witk Uhart cf tha Cibf 
IffJ mti Options from Intrc- Continental. ’Vith over 60 hotels 
at tkeLeartcf 50 of Eusopes moat beautiful cities well ensure 
yoa have the perfect esc ap e. For information or reservations 
contact ua from the UK on 0345 581444, from France 

on 0800 908555, or from Germany on D1 30 853955. 





m wo*lm . mi mtii * r Mont* uiM miOTiniL 


I IMI J —UAit DFLaQS M A nurlno HomJ 


The IHT Desk Diaiy 
For the tim e of your life. 

• Diary measures 21 x 15cm (8 l# x 6 in.\ 

fits easily into the slimmest attach^ case. 
• Padded black leather cover with gilt metal comets. 

• French blue paper with gilded page edges. 

• Blue ribbon page marker. 
- Week-at-a-glance format with plenty of space for daily appoint- 
ments. Includes full current year and forward year planners. 
* 14 pages of useful international data: over 140 international 
telephone doling codes and country prefixes; notable dates and 
national holidays for over 90 countries; conversion tables of weights, 
measures and distances; world 
time-zone table. 

• One of the chary’s most pop- 
ular features, the wine vintage 
chart raics the ten best-known 

wines from 1945 to 1995. 

• The removable address book, 

neatly fitted in a blue silk 
pocket, can be earned forward 
from year to year. 

• Corporate personalization and 

discounts are available. 

For details, fox Paul Baker at 
(44 181) 944 8243 or E-mail: 

Personalized with gilt initials on the cover, 
it’s an elegant gift for friends, business contacts 
and associates — and for yourself. 

Half your life's story — or even more — is 
inscribed on die pages of your desk diary. Yet 
when you travel or go to meetings, most desk 
diaries are too cumbersome to take along. 

That's why the International Herald 
Tribune — constantly alert to the needs of 
busy executives — had this desk diary 
especially designed for its readers. Bound in 
luxurious silk-grain black leather, it 7 s perfect 
on your desk, offering all die noting space of 
any standard desk diary. Yet pick it up and 
you ’ll find it weighs a mere 400 grams ( 14 oz. J. 

No voluminous data and statistics are 
included in this diary, but on die other hand a 
removable address book saves hours erf re- 
copying from year to year. 

Note that quantity discounts are available. 
Please allow three weeks for delivery. 

Please send me 1998 IHT Desk Diaries. 

Price includes initials, packing and postage in Europe: 

I- 4 diaries UK £35 (U.SJS56) each initials 

5- 9 diaries UK £33 (U.S452) each up m3 per diary 
10-19 diaries UK £31 OJSS49) each 

O Additional 

EH Check here for deli vciv outside Europe by registered or 
certified mail: £5.75 (U5J9.20) per package plus postage. 

Payment Is by credit card only. AH m^jor cards accepted. 
Please charge to my credit card: 

□ Access ED Ames ED Diners 

O Earocari ED MnoerCard . C Vtta 

Card N° 

Exp Signature — 





ipany EU VAT ID N°_ 





Mail or fox this order form to; 
Internationa] Herald Tribune Offers. 

37 Lambton Road, London SW20 OLW U.K 
Fax:(44 181)9448243 
E-mafl: pBuJbakergb timen ieLCOin 




Egypt Demotes 21 Security Officials After Luxor Killings i 

Continued from Page 1 S 

By Douglas Jebl 

New YorkTants Service 



top Egyptian omciais woe 
their posts Wednesday in a .. ... 
dial security lapses may have 
nted to the massacre here that killed 62 
persons, 58 of them foreign tourists. 

The forced transfer of General Med- 
hat Sheowanti, toe security chief in 
Luxor, and 20 other security officials 
came a day after President Hosni 
Mubarak obtained the resignation of In- 
terior Minister Hassan AHy, who was 
responsible for Egypt's internal secu- 

The authorities have yet to provide 
more than a sketchy account of toe attack 
Monday morning, for which Is lamic 
militants have claimi-H 
Bat the ousters of the top 
part of a security shake-iip than: 
officials clearly hope willheJp to salvage 
the country’s reputation as a safe tourist 

Heard on television, Mr. Mubarak 
told officials during a visit to Luxor on 
Tuesday: “When a foreigner tells me 
there isn’t any security to protect me, I 
don't know what to tell them.” 

In. addition to General Sheowanti, 


who was demoted and transferred to a 
prisons post, toe Interim 1 Ministry an- 
nounced that 20 officials had been de- 
moted and transferred in what appears to 
have been a wholesale housed 
under the new national security 
Habib Adly. 

Among those replaced during Mr. 
Adly's Erst day in office were toe In- 
terior Ministry’s three top deputies, of- 
ficials said. 

Mr. Adly, 59, previously served as an 
assistant interior minister for state se- 
curity. He has a record of having taken a 
hard line against Islamic militants, who 
have been battling for more than five 
years to overthrow toe government 
Witnesses have said that security 
around toe site of the attack Monday, toe 
3,400-year-old Temple of Halshepsnt, 
was minimal at best 
Only two police guards were present 
toe witnesses said, when six armed men 
stormed toe site to begin the massacre. 

According to the witnesses’ accounts, 
it was not until after toe assailants fled 
the scene char police reinforcements ar- 
rived in earnest. “ 

The government has said that toe po- 
lice killed all six attackers as they tried to 
escape into nearby hills, but accounts by 
toe witnesses suggested that unarmed 

local residents were the first to give 

The foreign governments whose cit- 
izens bore the heaviest toll in the attack 
have expressed sympathy with the chal- 
lenge Egypt feces from Islamic militants 
bent on overthrowing toe military- 
backed, secular government 

But they have also said that Egypt, 
which attracted 4 million foreign visitors 
last year, must do a better Job in guar- 
anteeing their security. “Today, one 
cannot recommend to anyone that tody 

visit this country, which is in itself woa- 
derfuL,” the Swiss foreign minister, Fla- 
vio Cotti, said during a visit to Cairo. 

He also called on Egyptian officials to 
clarify exactly what happened inside die 
temple, in which at least 35 Swiss tour- 
ists dial 

Some Swiss survivors have said that 
young women were raped by attackers, 
who sang and danced during the killing 

And several witnesses have said that 
some victims were stabbed to death and 

that several corpses were mutilated. 

But a spokesman for toe Interior Min- 
istry, who insisted on anonymity, 
strongly denied late Wednesday that any 
of toe victims had been raped .or mu- 

Mr. Mubarak was reported by toe 
Egyptian press to have ordered Prime 
Minister Kam al Ganzour to head a com- 
mittee whose mission will be to draw up 
a “watertight plan 1 ' to secure the safety 
of tourists. They spend in Egypt more 
than $3 billion a year. 

LUXOR: The Pharaoh’s Temple of Blood 

Continued from Page 1 

said Rosemarie Dousse, who was 
wounded in the arm and leg, in an in- 
terview with Swiss television. “A man 
who was very heavy fell on top of me and 
the lady behind me also covered me. And 
then they started again shooting those 
who were still alive, in toe head.” 

The killers could hardly have chosen a 
more prominent landmark than toe Hat- 
shepsut temple, built 1 A 00 years before 
Chnst to celebrate the reign of Egypt’s 
only female pharaoh. An imposing 
structure of three levels, toe temple sits 
at the base of sheer limestone cliffs. 

There were conflicting reports about 
how toe militants arrived at the temple. 
Some witnesses said they came in a taxi; 
others said they arrived on foot Also 
unclear is how they were dressed. Ac- 
cording to some witnesses, the attackers 
wore die black cotton uniforms of toe 

Egyptian police. Others said they were 
wearing blade 

trousers and jackets that 
could have been mistaken for uniforms. 

Said Ahmed Ghassan, a police guard 
at toe entrance ticket booth, said he 
noticed six men dressed in black file past 
him. When he asked for their tickets, he 
said, toe last man whirled, pulled out a 
gun and replied, “This is the ticket” 

The man then shot him in the elbow 
and leg, Mr. Ghassan, 40, said from his 
bed in Luxor’s hospital. 

He said that several guards standing 
with him were also shot Some of the 
tourists were wounded in the initial gun- 
fire and the militants finished them off 
“by cutting their throats with knives,” 
Mr. Ghassan said. 

After slaughtering several people in 
toe main courtyard inside the gate, toe 
killers moved up the ramp to the Middle 
Court, a vast open space where some 
tourists apparently were killed, 
xs took refill 

a ramp that leads to the third level, which 
is closed for restoration. The wall was 
pocked with bullet holes and spattered 
with blood. 

The rear wall of the Middle Court 
consists of toe Birth Colonnade on one 
side of the ramp and the Punt Colonnade 
on the other. Both colonnades were 
smeared with gore, and blood soaked the 
sandy floor. 

As toe gunmen were finishing their 
work, Hagag Nahas, 36, was driving his 
bus back toward the main entrance. 
About 8:30 that morning, IS minutes 
before the killing began, Mr. Nahas bad 
dropped off a group of 30 Swiss tourists 
at the temple, according to an official of 
the Isis travel company, toe organizer of 
toe tour and owner of toe bus. 

All but eight of the Swiss were mas- 
sacred, according to the official. But Mr. 
Nahas did not know that anything was 
wrong until toe militants waved down 
his bos at gunpoint and ordered him to 
“go to another place” so they could 
“shoot more people,” he said from his 
hospital bed. 

Mr. Nahas said he drove toe killers 
around toe area, where mud-brick vil- 
lages mix with souvenir shops and an- 
cient tombs, for about 20 minutes before 
he finally stopped near toe access road to 
the Valley of the Queens, about a ki- 


RijhhhJ Hutiiiff/Agnhv Fimu* Pnn*c 

Queen Beatrix of the Netherlands in Giza on Wednesday to see the Sphinx (luring her official visit to Egypt. 

ner in some of toe latest privatization 
sell-offs of government companies; 
They have seriously undermined tne 
claims of Mr. Chubais and Mr. Nempov 
that they were creating “new rules ; 
with more competition and openness in 
toe sell-off of government assets. ! 

Mr. Chubais admitted receiving , ™ 
money only after it was disclosed by a 
•mnrifraifing journalist whose paper is 
supported by another banker. The tycoons 
have b een fighting one another, and Mr. 
Chubais, since a July auction of Svyazm-J 
vest, toe telephone holding company. un-« 
expectedly went to Unexunbank. . 

Although Mr. Chubais hastily ar- 
ranged to have most of toe book contract 
money donated to a foundation heade^ 
by former Rime Minister Yegor Gaidar j 
it has not dampened the controversy. Mr* 
Chubais offered his resignation IasJ . 
weekend but Mr. Yeltsin refused toac-Jp 
cent it. Instead dismissing his immediate 
subordinates. ! 

The reports about toe book payments 
have been especially damaging to Mr, 
Chubais, who has in toe past often sur-J 
vived attacks from opponents such as the 
Commu n ists and nationalists. This timej 
he has confessed to friends that ho 
brought more trouble on hims elf than his 
opponents ever did, according to on^ 
source. ' 

Communist leaders at first threatened 
to stop work on toe 1998 budget until 
Mr. Chubais was sacked. But, as in pass 
confrontations with the Kremlin, tnejs 
quickly backed down Wednesday ana - 
agreed to keep working on the fiscal plats 
even if Mr. Chubais remains. < 

Mr. Chubais ami Mr. Nemtsov had 
taken the finan ce and energy portfolios, 
because in toe past these sectoral min^j 
is tries had often become beholden toj 
outside interests. < 

Wei Chose Exile Out of Fear He Would Die in Prison- 

By Lena H. Sun 

Wuhingron Past Service 

DETROIT — The youngest sister of 
China's most prominent dissident, Wei 
Jingsheng, says her brother agreed 
released from a Chinese prison on med- 
ical parole after concluding that he prob- 
ably could not survive his lengthy term 
because of his health, beatings by other 
prisoners and constant surveillance. 

Mr. Wei, 47, has been in fair but stable 
condition at Henry Ford Hospital here 
since he arrived Sunday after he was 
suddenly freed from a 14-year sentence. 

Mr. Wei had long resisted going into 
exile because he feared that losing direct 
contact with the Chinese people would 
undermine his influence. He has spent 
all but six months in jail or labor camps 
since 1979. 

In an interview with Newsweek 
magazine, conducted during his 13 -hour 
flight to the United States on Sunday and 
released Wednesday, Mr. Wei was 

are sick. If you want treatment in China, or 
in Beijing, it's absolutely impossible.” 

They added, according to Mr. Wei, 
“You can't be let out into society, so if 
you want medical treatment, you only 
have this one opportunity.” 

So “to cure myself,” he said, 
“there's nothing else I can do. Going to 
America is better than prison, of course. 

But it would be best to stay in China, 
asked why, after resistingexile for years. Naturally, I hope to return.” 
he was willing to leave China. Mr. Wei’s sister, Wei Shanshan, 42, 

“I’ve never wanted to leave,” he re- said that for the past few months, Mr. 
“and I still don't now.” He said Wei had been suffering chronic neck and 
authorities had told him: “You back pain exacerbated by allergic re- 

actions to pain medication. He said that! 
six other inmates had beat him fire-l 
quently and that be had been held in a| 
cell, with windows on two sides and with, 
glass walls, where the light was alwaysjj 
on and that he was constantly being; 
watched. ! • 

“All these things were driving him toj| A 
toe point where he felt his life was ™ 
threatened,” Miss Wei said at a news! 
conference. * 

“Although it was not his first choice! 
to leave China, as a member of his! 
family, I am so thrilled to see him leavej 
toe Chinese prison alive,” she said. ! 

le dubbed Mr. Nahas in the chest with CHINA: It’s Still ‘Tum ' for Silence,’ Dissident in Beiiing Says, Seeing No Policy Change ; 

s butt of his rifle, . .. -./= . . ... ' ' " J m J ^ • ! 

Others took refuge against the wall of 


the butt of his rifle. 

In an exchange of gunfire with police 
outside the bus, one militant was shot 
and killed- The remaining five fled into 
toe desert hills, with toe police and vil- 
lagers in pursuit 

As gunshots echoed throughout toe 
area, tourists in the Valley of the Queens 
cowered inside tombs for more than 
three hours, according to Robyn Du 
Plessis, 22, of Durban, South Africa. 

Continued from Page l. unheard in China. :Some are refugees A dilemma, faced by Mr.' Wang and rolevSfaea Gnofang, a spokestijanfbr the* 

' J 1'1'kA ft ■ ■ il nJi l Tm'rT’ " i ~i~» k*ni lU f t n iBkl ' Y OQO id that Anini* tklMM ' tfnn iii — i t~i f-n f ra I i*~n 111 r~ - 

IRAQ: Ministers Meet in Geneva on Iraq 

Continued from Page 1 

spend their time on other things.” 
When a change in the political at- 

S ihere may come, he added, is as 
to predict as week-to- week political 
developments in any country. 

Mr. \ Vei. 47,. was the best-known of 
China's dissidents because of his writing 
and his unwillingness to bend to pressure 
from toe authorities during his incar- 
ceration, which spanned more than 18 
years with only a brief respite. 

The ranks of Chinese dissidents over- 
seas are splintered, and they are largely 

from toe stodeht-Ied’mOvement in 1989, Mr. Wei is that going overseas robs them 

like Shen Tong and Chat Ling, who ex- 
perienced only a few months of political 
activity within China followed by escape 
and then exile in the United States. 

Mr. Wei's case more closely re- 
sembles that of Wang Juntao, a longtime 
political activist who was jailed from 
1989 until 1994, when he was released 
shortly before toe U.S. Congress voted 
on whether to renew most-favored-na- 
tion trading status for China. The official 
reason Mr. Wang was sent to the United 
States was also medical treatment 

of the moral stature that comes with 
bearing toe hardship of being a political 
critic within China. 

It is toe same dilemma that could face 

Wang Dan, 28, a former student leader 
who is toe best-known among China’s 
suers. He 

prisoners. He said in 
the past that he would resist going over- 
seas, though his mother has said more 
recently that he would consider it if it 
were necessary for medical reasons. 

Asked Tuesday whether Wang Dan 
might also be released on medical pa- 

Eoreign Ministry, answered e tfipncauy 
’ ‘There have been such cases in the past,', 
and there will continue to be such cases; 
in toe future.” ! 

Human rights activists in toe United! 
States, while welcoming Mr. Wei’s re- 
lease, have asserted that it does not affect! 
toe overall human rights situation within; 
China. > 

“It is a disgrace that toe Chinese! 
government bolds its own citizens hos-; 
tape to international politics,” said Xiaoi 
Qiang, executive director of Human! 
Rights in China. 

UN Inspector Makes a Case 

Barbara Crosseae af The New York 

Tunes reported from the United Nations: 
i head of the L 

“The issue at Geneva is really going 
to be toe future,” said an American 
official. That was a careful way of say- The head of the UN inspection team 
ing that what will matter most to Mrs. trying to disarm Iraq went to toe Security 
Albright is toe price to be paid to save Council on Thursday armed with pho- 
face for President Saddam Hussein. The tographs and documents and accompan- 

JOBS: EU States Differ on Summit Goals EUROPE: Political Battle Ahead for Euro] 


Continued from Page 1 

White House does not want to appear to 
be in any sort of negotiation with Mr. 
Saddam or appear to offer any induce- 
ments to him, no matter how small or 
obvious, to back down. 

Even a sudden American and British 
offer to allow Baghdad to spend more of 
its oil money on food, medicine and 
* ’civil needs’ ' if it comes back into com- 
pliance with UN weapons inspections 
was described by White House officials 
as a humanitarian gesture with no par- 
ticular connection to the diplomatic ef- 
fort to resolve the crisis. 

“Iraq must let the weapons inspectors 
get back to their vital work of preventing 
Iraq from building nuclear, chemical or 
biological weapons, and it must permit 
those inspections to proceed without in- 
terference or conditions.” Mrs. Albright 
said in Cairo. She then repeated the 
paragraph for emphasis. 

“As President Clinton has said, Iraq 
must not be allowed to threaten toe world 
through toe development of nuclear, 
logical or chemical weapons. No 
come short of that is acceptable.” 

ied by a group of scientists to make toe 
point that Baghdad continues to pose a 
serious threat in almost every area of 
weapons development. 

The presentation by Richard Butler, 
executive chairman of the UN Special 
Commission, appeared intended to 
harden the resolve of the council hours 
before the foreign ministers of major 
member nations met in Geneva. 

While council members made an ef- 
fort to put a united face on their resolve to 
have Mr. Saddam back down and allow 
inspection teams to return on the com- 
mission’s terms, with no stipulations as 
to nationality, there still are differences 
not far below the surface hero. ' 

Sergei Lavrov, toe Russian represen- 
tative, put toe emphasis on speeding ' up 
the disarmament process, saying that all 
diplomatic efforts, including those of 
Russia, were aimed at allowing the in- 
spectors to “resume unconditionally 
and in full” their activities m Iran. 

accept Germany's insistence on mon- 
etary discipline in the future European 
single currency unless they see corres- 
ponding efforts to improve toe lives of 
ordinary people. 

Manuel Ptmentel Sties, the secretary 
for employment in Spain, said his coun- 
try opposed setting targets for reducing 
unemployment at the summit meeting. 
Spain, he said in an interview, is fighting 
a vastly bigger battle with much more 
limited means than its wealthier neigh- 
bors in the 15-nation European Union. 

The European Commission has put 
forward a series of guidelines for the 
summit, including improving labor-mar- 
ket flexibility, increasing toe emphasis 
on training and reducing taxes on labor. 
It specifically wants governments to en- 
sure that anyone who is out of work for a 
year — or a young person without a job 
for six months — gets guaranteed work 

experience or training. 

: commission argues that in a rising 
economy, the EU could create 1 2 million 

over the figures. He said it was not 
intended that all countries would come 
down to toe proposed average level. 

For Spain, a 7 percent unemployment 
rate would be something of a miracle. It 
has been battling runaway unemploy- 
ment, which has climbed to rates of 25 
percent or more, since the beginning of 
toe 1980s. Although Labor Ministry fig- 
ures for Spanish unemployment are much 
lower — 12.7 percent in September — 
the national statistics institute’s figure of 
20.9 percent is considered more reliable 
because the Labor Ministry only counts 
people actually registering for benefits. 

Mr. Pimentel said he hoped the Lux- 
embourg summit meeting would focus 
more on job creation, because in this 
area the government has been perform- 
ing well. The government; which de- 
clared 1997 the “year of employment,” 
succeeded in getting both employers and 
unions to agree to a labor law that re- 
stricts the country's generous system of 
“payoffs for layoffs.” 

Workers who were holding jobs when 
the law was introduced this year continue 

Continued from Page I 

sanctions lifted. 

there had been some misunderstanding 

KOREA: Seoul Rejects Suggestions It Needs Help From the IMF 

Continued from Page 1 

a credible reform package come out, 
phis a credible sum of money to tide 
official at toe Japanese Finance Ministry Korea overits short terra foreign cur- 
said the government was unaware of any rcney liabilities problem,” said Daniel 
1 not comment. Uao, bead of Asian markets research for 
Jung, die op- ANZ Investment Bank, in Siz 

position presidential candidate, seized 
on die issue, saying that if he was elect- 

ed, he would seriously consider asking 
: international Her- 

tbe IMF for help, the 
aid Tribune reported from Seoul. 

[Mr. Kim, ahead in the polls against a 
fragmented governing party, said South 
Korea had to open up ‘ l to the outside in 
terms of financial management” to es- 
■ economic disaster.] 
y analysts were hoping for as 
IMF bailout to restore investor confi- 
dence. Hie government has said it has 
$30.5 billion in foreign currency re- 
serves, but has not said bow much it used 
in defending the won. Many analysts 
said they thought toe level was dan- 
gerously low. 

“Nobody is going to be interested in 
buying government bonds until they see 

Mr. Uanestimated that about $75 bi 
in foreign currency loans will come due 
by the aid of the year. 

South Korea's financial stabilization 
package was an effort to calm markets 
that have become increasingly jittery, 
particularly since the central bank 
stopped defending die won on Monday. 

Since then, the won has tumbled so 
quickly that the country’s foreign ex- 
change market can stay open only a short 
time each morning beforemning the daily 
limit that toe won is allowed to felL 
Seoul said Wednesday that it will 
widen toe band that the won can trade in 
to 10 percent either way, from 2.25 
percent np or down. Traders said there 
was a good chance it would hit tire lower 
limit of tiie wider band on Thursday. 
The felling won puts new pressure on 

neighboring currencies. Because Tai- 
wan and Japan compete with South 
Korea on exports, a rapid fall of the won 
— which would make South Korean 
exports cheaper — would force down 
the currencies of Taiwan and Japan. 

■ Program to Buy Up Bad Loans 

Don Kirk, an IHT special correspon- 
dent, reported from Seoul: 

hired after toe law was changed have the 
right .to 33 days’ pay for each year 
worked, up to 24 months’ pay. 

The change has had a dramatic impact 
on the number of new permanent job 
contracts, from virtually none before to 

freer markets, and the other, a Europe 
that continues its postwar tradition of 
heavy state intervention. Other positions 
occupy a middle ground. 

“What we are about to see,” said 
Steven Englander, chief economist at the 
Paris office of Smith Barney, “is a battle 
for the soul of toe European monetary 
system, and inside Europe there are 
some very different visions.” 

“The debate is open,” said Norbert 
Waiter, chief economist of Deutsche 
Bank. “The Germans argue liW= the high 
priests of free-raarket economics, bat 
they act tike raterventionists. The British 
Labour Party acts like the real free-market 
champions. And the reality is thar ne ither 
France nor Germany will be free-market 
economies for some time to come.” 

Mr. Walter said Europe’s proclivity 
toward lowest-common-denominaror 
compromise could mean that “it will all 
be very middle of the road, between the 
free market and interventionism, and the 
consequence is that we will therefore 
waste some of our growth potential after 
launch of toe single currency. ” 
These are among toe issues that sym- 
bolize toe culture clash and will most 
likely prove divisive in coming 

•The surprise decision by Paris to 
nominate Jean-CIaude Tricbef, governor 
of the Bank of France, to be head of the 

of job creation and such interventionist* 
laws as mandating a 35-hour workweek! 

Top Bundesbank officials have; 
harshly criticized the flap over who will* 
run the European Central Bank, which is| 
ied to he cU 

supposed to be decided by May, as po-* 
tentially damaging to the euro’s cred-! 
Utility. Helmut Hesse of toe German cen-J 
tral bank's council criticized this week* 
tire French decision to publicly back Mr.! 
Trichet, saying, “It’s not the names, it’sj 
toe discussion itself which is bad. ” > 

“If they don’t settle the conflict! 
quickly,” said Rita Schumacher, an^ 



economist at Nikko Europe, “toe risk is! 
bank will not be 

that the central bank will not be able toj 
establish market confidence in a short* 
space of time.” ! 

The controversy also raises fears that 
interest rate policy could become po-» 
litically influenced, even though potiti-! 
cians way this will happen. - 1 

The tendency of European politic ians ! 
to express opinions about interest rates,! 
which in theory is the sole responsibility 


of central bankets, was apparent Wed-* 
e Strauss-Kahn,! 

nesday, when Dominique ! 
toe French finance minister, told a news* 
conference here that “the interest rate! 
set for tiie euro will not be a mere av-J 
erage — it will be based on the level of j 
the strongest currencies, which have the! 
lowest interest rates. ’ ’ * 

Mr. Straoss-Kahn stressed that he was! 
not offering “a political indication.” i 
Likewise, the debate over the Euro-X* 


contracts, trotn virtually none before to of the Bank of France, to be head of the Likewise, the debate over the Euro-X* 
more than 150,000 in October, accord- European Central Bank. If has sparked council of finance ministers has already! ft 
ing to the state's statistical service. controversy because most otoer countries - unnerved Britain, Sweeten and Den-i? ■ 

Spain views the proposed E 
single currency, the euro, as the bu s 
best hope for the creation of stable econ- 
omies and low inflation that will allow 
jobs to flourish. At the summit meeting, 
it will advocate more encouragement for 
small and medium-sized enterprises, al- 
lowing them access to European Invest- 

were backing Wim Duisenberg, the 
Dutthpresidentof the central bank*s fore- 
runner, toe European Monetary Institute. 

mark, which will not join the euro from* 1 
the outset and fear being excluded. } 
“The Euro-X council,” said Carfi 
• The growing discussion of whether Weinberg, head of High Frequency Eco-* 
interest rates in toe euro area will be nomics in New York, “is supposed to be! 
closer to German rates, now 33 percent, an instrument aimed at trying to help' 
or Italian rates, now 6.25 percent. Econ- guide monetary policy. But the role of the* 
omists see the issue as another way Enro-X council will be to second-* < 

lowrng mem dvwaji ouupcmi uiiiiMs act. uic issue as ouuuiGr way cuiva wunai wm dc io 5econn-giw; s ; 

The government has unveiled an emer- mem Bank funds; reducing nonsalary European economic policy may become the European Central Bank; and the nsk is* 

flFlf TWWlA TMVSOrtm filial 1 qtithnmAfi nn leKrtr Aftctc* pafKinlrinft aKrint nnif MlitinirUk#! nnTI 1*1 .. J 

gency rescue program that authorizes up 
to $10 billion in government funds to 
“purchase bad loans from banks,” nearly 
tripling the amount already available. 

“The government is planning to write 
off 50 percent of all tad loans in this 
fashion by the end of the year and hopes 
to eliminate all bad loans within one or 
two years,” the announcement said. 

The program makes clear the govern- 
ment will race a number of institutions to 
close by promoting toe merger of weak 
financial institutions while protecting de- 
positors through a newly formed Con- 
solidated Deposit Insurance Corp. 

labor costs; rethinking ideas about 
time work, and encouraging lifelong 
learning and training. 

Prime Minister Jean-Claade Juncker 
of Luxembourg, who will be chairman of 
toe jobs meeting, said he hoped it would 
adopt a series of goals and tire kind of 
“multilateral surveillance and conver- 
gence” that underpins toe move toward 
toe single currency. But other than a 
reallocation of some existing resources, 
there was tittle likelihood of extra fends 
being devoted to toe fight against -un- 
employment Germany, for one, 
agamst increasing toe EU’s costs. 

politicized- " that they will dispense advice liberally. 

• The role and the membership of the and undermine the bank. And they may* 
so-called Euro-X council, which would agree nothings like waivers of toe stability* 
Mwrtinnw. policies among pact on deficit Targets for some countries! 


coordinate economic 
chose nations launching the euro. Some 
fear this French-inspired idea, together 
with toe nomination of Mr. Trichet, 
could result in too much political in- 
fluence over toe central bank’s actions. 

• The clash over bow to cure Europe’s 
jobs crisis — ‘between the Anglo-Saxon 
approach Of making labor markets more 
flexible while reducing taxes and em- 
ployer contributions, and toe more cor- 
pora tist inclination toward stale funding 

that otherwise might not be granted.’ 7 j 
' Some observers say they expect toe' 
biggest dash between differing views of! 
Europe’s economic future to be papered! 
over at toe jobs conference this week. * 
Mr. Walter raid he was troubled that! 
fee prime minister of Luxembourg i 
Jean-CIaude Juncker, who will lead the‘‘ 
meeting, “is already using intervention-' 

ist language and speaking of the need foH 

guidance from governments.”. j 









Massacre on the Nile 

The five-year Islamist revolt against 
the secular state in Egypt, one of the 
Mideast’s most influential and Western- 
oriented countries, has produced an aw- 
ful tragedy. Six members of the Islamic 
Group attached foreigners visiting 
Cabled Luxor. Apologists say they 
meant to take hostages to exchange for 
an Egyptian cleric imprisoned in New 
Yack State in a failed terrorist con- 
spiracy. Whatever they intended matters 
not at all and is obscene to ponder as an 
“explanation” of what occurred: Fifty- 
eight tourists and four Egyptians were 
ruthlessly shot and hacked to death, and 
the six died, too. 

Iran, a patron of terrorists, and lead- 
ers of these groups in Gaza and Leb- 
anon condemned the slaughter, not on 
principle but, expediently, as a dis- 
traction, from the ‘ 'anti-Zi onist * * cause. 
But of course all political causes feed- 
ing off terrorism are embarrassed. 

Islamic militants assassinated then 
President Anwar Sadat in 1981 for 

making peace with Israel, but it took 10 
years for the movement to become a 
threat to the successor regime of Hosni 
Mubarak. The insurgents have killed a 
thousand people. 

Picking up the currents that carry 
Islamist movements in the Muslim 
world, they seek to change die gov- 
ernment by force and install a state ruled 
by their version of Islamic law. Their 
targets have included the official se- 
curity forces, the ancient sites that make 
tourism a crucial $3 billion industry, ami 
Egypt’s Coptic Christian community. 

President Mubarak has had good 
reason to crack down. Until this latest 
incident, moreover, he could claim 
some success. He needs now to devise 

a strategy, working with avowedly 

nonviolent Muslim groups, that wi 
isolate die terrorists, politically as well 
as operationally, and afford him a bet- 
ter chance to deter and defend against 
their atrocities. 


Chubais Should Go 

Anatoli Chubais is both the agent 
and the enemy of Russian reform. 
Without his wily advice and deter- 
mination to shed communist econom- 
ics, Boris Yeltsin might not have 
brought Russia so far along the road to 
democracy and free marirebi But Mr. 
Chubais, Mr. Yeltsin's top economic 
and political adviser, has also con- 
doned unseemly dealings between the 
Kre mlin and Russian businessmen. 
Even by the raw standards of Russian 
politics, he has now disgraced himself 
and ought to vacate his post as first 
deputy prime minister. 

The immediate problem is a book 
advance of dubious origin that Mr. 
Chubais foolishly accepted. The 
$90,000 payment, part of a $450,000 
deal that lie shared with four of his 
aides, came from a publishing com- 
pany owned by a bank that recently 
won the potentially lucrative right to 
buy a sizable chunk of Svyazinvest, 
Russia's huge state-owned telecom- 
munications company. 

No matter how fairly the transaction 
may have been handled — Oneksim- 
bank, the buyer, actually submitted the 
highest bid for the company — the 
book deal amounts to an improper 
thank-you from die bank. 

Mr. Yeksin dismissed die aides last 

week, but so far has declined to let Mr. 
Chub ais go. Were this his first mis 
judgment, Mr. Chubais mi ght be for- 
given if he conceded error and returned 
the book fee. But this episode fits a 
pattern. Last year, when he was tem- 
porarily running a private think irmk 
called Civil Accord but was already 
assisting Mr. Yeltsin's campaign, the 
think tank received a $3 million interest- 
free loan from a bank that had profiled 
from government privatization deals. 

Mr. Chubais has not been shy about 
using favoritism as die lubricant of re- 
form. Under his direction, valuable state 
properties were sold off for a pittance to 
a small circle of businessmen and 
bankers. Many of the same men then 
financed Mr. Yeltsin’s election cam- 
paign last year and until recently wield- 
ed great influence in the Kremlin. 

Russian politics is not for the faint- 
hearted, and Mr. Chubais has often 
served a larger interest with his ma- 
nipulations. But reform has progressed 
far enough in Russia that it need not be 
advanced at every turn by unethical 
deals. As difficult as it may be for Mr. 
Yeltsin to pan company with such a 
valued aide, he should discharge Mr. 
Chubais before die cause of reform is 
further tarnished. 


Ease Up on Cuba 

A drive is on for legislation to drop 
the part of the general American em- 
bargo of Cuba that restricts sales of 
food, medicine and medical equip- 

ment. The project is way overdue. 


Members of both parties support the 
bills introduced in both House and 
Senate; congressional action should 
pick up in the next session. The U.S. 
Chamber of Commerce is aboard. So 
are humanitarian and medical groups. 
So are groups representing much of the 

Cuban-American emigration, up to 

"a hard 

now a fairly unified bulwark of i 
line on Fidel Castro. 

The American ban on food and 
medicine was enacted in the 1960s in a 
period of rage over Cuba and its Soviet 
tie. The ending of the Cold War shifted 
Washington's focus to Fidel Castro’s 
internal rule, and the food-medicine 
embargo stayed on. It is a sordid tactic. 
To convert food and medicine — in- 
tended to nourish and to heal — into a 
political weapon tramples on Amer- 
ican humanitarian tradition. Children, 

women and foe elderly bear the pnn- 

; there 

cipal impact. What little business 1 
is to do with poor and mismanaged 
Cuba is diminishe d. 

The strategy behind the embargo — 
to drive the Cuban people to revolt and 
the regime to change or collapse — 
leaves Fidel Castro with a powerful 
anti-American card. The contrast with 

China, a far larger, more challenging 
Communist country and one with 
which the United States conducts major 
commerce, is painfuL These restric- 
tions, unilaterally imposed, separate 
Americans from their closest allies. 

The Clinton administration makes a 
particular, strained case for the em- 
bargo on food and medicine. It says 
that these items can be sold with li- 
censes and are sent in large numbers by 
private American citizens, and, any- 
way, the Cuban dictator could shop 
elsewhere if he chose; hence, any 
shortages are his responsibility. 

That amounts to justifying foe em- 
bargo on foe basis that its loopholes 
adequately subvert it This is not per- 
suasive. Such trade as there is in food 
and medicine faces formidable polit- 
ical, bureaucratic and financial ob- 
stacles. The embargo on these items, 
although not total, takes a toll. 

The other aspects of the embargo 
remain in place. Many challenge their 
worth and efficacy, but many also still 
see them as anti -Castro leverage. It is a 
charged debate that has been going on 
for nearly 40 years. Food and medi- 
cine, in any event, are different They 
go to real human beings. There cannot 
be many Americans left who are vin- 
dictive enough to choke the flow of 
these necessities to needy Cubans. 


Other Comment 

What to Do After Luxor 

Hie latest terrorist attack should 
force foe Egyptian government to re- 
think its ambiguous policy. It has 
cracked down hard on militant fun- 
damentalist groups, jailing and execut- 
ing many of their activists. (The Luxor 
attack may be primarily a response to 
the campaign of repression.) (But] it 
has tried to divide foe Islamist move- 
ment through various concessions, in- 
cluding the appointment of sane fun- 
damentalists as judges, lead ing to 
reactionary verdicts that have tarnished 

Egypt's image abroad. Such half- 
hearted concessions and contradictory 
policies send foe wrong message. 

— Neue Zureher Z eitung (Zurich). 

The only sane voice I beard was 
from a Manchester woman in a Luxor 
hotel. She insisted her holiday would 
continue, because to pull out would 
“double the misery this tragedy has 
caused the Egyptians we have met.'* 
Would that someone in authority had 
said the same. 

— Simon Jenkins, commenting in 

The Times (London). 






RICHARD McCLEAN. Publisher <£ Chief Executive 

• WALTER WELLS, Munagaif: Editor • PAUL HORVITZ. Deputy Mauning Editor 
CARL GEWIRTZ, Assxiaie Editors • ROBERT J. DONAHUE. Ediur uf the EJiu<nal Pages 
•JONATHAN GAGE, Business and Pounce Editor 
• REN£ BONDY, Deputy Publisher 

•JAMES McLEOD. Advertising Director • DICKER BRUN. Curulutum Director. 
Drrecteur de It Publication: Richard hfcCleun 

Inttraukral fferajd Tribune, 181 AwaMeOudade^Saidle. 92521 Neuilly-sur-Seine. Franct 
TeL ll)41.43510Q te Saterxtt*!()5 AdKtb&ng, (1); News. (1) 41. 4193 JK. 

fifiwftrtor UkhxiRkhsdsaiJ Caeerbmj U. Sbwpn 119600 TeL (65 1472-m.Fax Hg)2&334 
M». Dfr. Asia, MfD. Knsnpdd.50 (Sautes* AL /tag Cog Td 8S2-2922-II88. Fax: 852-2922*1 190 
S Her GmmyT StUkr.Fnrtd*. 15,60323 FndfiriU. Td +49(0971200. Fax *49(0971X920 
Tm^US NkhoHCmm.850 TkrdArc^Ntw York.Nf. 10022 Td (212 1 7S2-JS9Q Fax (2121 7558785 
\UX.Adterdmg(Mice:t3LimgAere t Li>iionVC2-Td.(l7h83MS02.Fas:(!7ii2«0-22S4 

5AJ. m omul de 1200.000 E RCS Norton B 732021126. CMUtuim Pmtmre No. 61337 
01997, Itstmaqatil HtraM Tribute- AH rifka roentd IS W. CWBSf. 

Make This Evidence of Saddam’s Poison Public 

W ASHINGTON — Nearly 18 
months ago, UN weapons inspect- 
ors in Iraq discovered videotapes show- 
ing stomach-turning scenes of foe test- 
ing of biological weapons on donkeys, 
sheep and dogs at the Hakam laboratory 
in Baghdad. The tapes showing the an- 
imals dying in agony are so gruesome 
chat they were not released publicly or 
disseminated widely within foe United 
Nations. They should have been. 

The existence of the tapes, as well as 
of the poison gas sprays they reportedly 
show over the animals' stalls and cages, 
provides graphic evidence of the nature 
of tite man and the regime the world 
confronts in Saddam Hussein and Iraq. 

What kind of regime videotapes such 
honor and then places the tape in 
archives? The kind that ordered foe mas- 
sacre of Kurdish civilians and filmed 
that killing on a massive scale in 1987. 
The kind that has systematically taped 
foe show trials and grisly executions of 
those who have fallen afoul of Saddam 
Hussein since he and his murderous 
colleagues came to power in 1968. 

There is in Iraq, some UN inspectors 
and Iraqi -dissidents believe, extensive 
documentary evidence of biological 
and chemical experimentation on hu- 
man prisoners by foe Iraqi regime. The 
New York Times suggested plausibly 
last week that foe Iraqis forced an end to 
UN inspections on Oct 29, by banning 

B y Jim Hoagfand 

foe team’s American members, to avoid 
discovery of that evidence. 

Few if any other rogue regimes 
would permit such evidence to be re- 
corded and kept- But the nature of 
Saddam Hussein's dictatorship re- 
quires foe archiving of atrocity. 

He periodically shows tapes of the 
brutality with which he treats enemies 
on Iraqi television, to terrorize his 

Containment of 
Saddam Hussein was 
a policy that was 
bound to be overtaken 
by events. 

lie. Moreover, his system requires 
* records to show that foe dic- 
tator's savage orders have been carried 
out as he directed. He trusts no one, 
which is one key to his survival 
Saddam Hussein is no simple psy- 
chopath. He is, as former CIA Director 
R. James Wooisey recalled on tele- 
vision this week, “a professional 
killer.” That is no metaphor. Saddam 
Hussein's occupation before going into 

government was that of hit man. In foe 
art of murder and extermination, he 
leaves nothing to chance. 

Release of foe animal testing tapes 
by foe Udited Nations would have re- 
minded the world of that reality. But 
political sensitivities as well as emo- 
tional ones come into play at this point 
Wbat is foe point of stirring up public 
outrage and revulsion if you are not 
prepared to remove foe cause of it? 

Publicizing foe experiments using 
biological agents might have brought 

immediate and justifiable comparisons 
between the Saddam regime and Ger- 
many’s Nazis, and turned public opin- 
ion toward demands for dramatic action. 
Disclosure of Serbian concentration 
camps and mass rape and killing in 
Bosnia had just that effect in 1992. 

But until Saddam Hussein put Bill 
Clinton on foe spot by ousting foe 
American inspectors, Washington was 
content to proclaim its “containment 1 ’ 
of Iraq a triumph. 

Containment resembled wbat foe 
world would have looked like in 1940 
if the Roosevelt administration had 
pushed the German army out of France, 
taken away most but not all of Ger- 
many's V-2 rockets, and left Adolf 
Hitler in place to do what he liked to 
those who lived in Germany. 

Containment was a policy that was 
bound to be overtaken by events, and 

foe swift transformation of Iraq in U.S. 
official statements from a nonproblem 
to foe world's most urgent danger 
proves that this has now happened. 

Three weeks ago, Saddam Hussein 
and Iraq were routinely described by 
U.S. official statements as being tightly 
contained in a box of American mak- 
ing. This week President Clinton said 
Iraq presents a threat to “the safety of 
foe children of foe world" that must be 
dealt with urgently. 

That transformation raises a funda- 
mental question for Americans topot to 
their government Were you fooling us 
then, or are you footing us now? _ 

It is not an idle question. Mr. Clinton 

must quickly close foe gap between the 
vivid dangers to global stability he is 
describing and foe still muted methods 
he is pursuing to combat them. 

The president has sensibly kept his 
diplomatic and military options open. 
But he cannot go on very long having it 
both, ways, publicly suggesting that he 
suddenly sees foe gruesome and dan 

nature of the Iraqi threat, while 
the door open for ; 

a disguised 

The United Natk 


Nations and the United 
States can no longer afford foe luxury 

of looking away from die evidence that 

Saddam's regime itself collects. 

The Washington Post. 

Only Aggressive Inspection Can Block Iraq ’s Nuclear Ambition 

the United States, Russia 
and other countries search for 
diplomatic solutions to foe 
crisis in Iraq, the risk grows 
that the weapons inspectors 
will never again be able to do 
their jobs effectively. 

On Tuesday, for example, 
Yevgeni Primakov, foe Rus- 
sian foreign minister, proposed 
that in return for allowing foe 
inspectors to go back to work, 
their efforts would have to be 
brought to a quick conclusion. 

If the weapons inspections 
are at all compromised, how- 
ever, the world could face foe 
prospect of an Iraqi atomic 
bomb in three to five years. 

Ever since foe Gulf War, 
Iraq’s nuclear weapon team 
has been busy designing a 
bomb. The latest blueprint, ac- 
cording to United Nations in- 
spectors, is of a sphere meas- 
uring 32 to 35 inches (81 to 89 
centimeters) in diameter, with 

By Gary Milh nllin 

32 detonators. The bomb 
would weigh less than a ton 
and fit on a Scud missile, foe 
weapon Saddam used in the 
war to hit Israel and kill Amer- 
ican troops. 

Iraq has already success- 
fully tested the bomb, using a 
“dummy” non-nuclear core. 
To complete it. Iraq needs only 
nuclear fuel, and foe latest 
design requires a mere 35 
pounds (16 kilograms) of 

duce enough high-grade urani- 
um to fuel a few bombs. 

Easily hidden inside an un- 
derground garage, these cent- 
rifuges would be invisible to 

U-2 spy planes monitoring 
weapons devt ' 

highly enriched uranium. 

specters believe that they 
have destroyed almost all the 
equipment needed to produce 
such uranium, but the Iraqis 
know how to build or import 
what they need. 

Iraqi scientists have made 
great strides in developing 
centrifuges which can convert 
natural uranium to nuclear 
weapon grade. A few thousand 
of these centrifuges can pro- 

v elopmenL Only 

inspectors on the ground have 
any hope of finding them. 

Even in ideal conditions, pat- 
ting a complete stop to weapons 
research is impossible; inspect- 
ors cannot arrest scientists or 
read their minds. But inspectors 
can detect the special manu- 
facturing needed to create fuel 
for nuclear weapons. 

Since inspectors have been in 
Iraq, they have sampled soil, air 
and water, “swiping” surfaces 
to detect suspect atomic ele- 
ments, and flying helicopters at 
low altitudes to sniff out un- 
declared nuclear activity. 

Ail fois work gave inspectors 
a good chance of detecting any 

bombs under construction. So 
long as short-notice inspections 
were allowed, there was a good 
chance, too, of seizing and de- 
stroying any and all manufac- 
turing equipment before it 
could be moved. 

But if inspections do not re- 
sume, or are watered down, the 
Iraqis can reconstitute their ef- 
forts to build a nuclear bomb. 
In fret they have already 
moved important equipment 
outside foe range of monitor- 
ing cameras. 

Even if foe inspection teams 
were to return to Iraq next 
week, they would have to re- 
trieve hundreds of pieces of 
monitored equipment and then 
restart foe accounting process. 1 

If Iraq resumes its weapons 
production, it will sink foe in- 
ternational efforts to stop arms 

Despite these dangers. 
France and Russia have tried to 
role out military action and to 

broker a c om pr om ise. Indeed, 
France, in its eagerness to pla- 
cate Saddam, has proposed to 
close foe books on new in- 
spections and to rely mainly on 
monitoring the biological, 
chemical and nuclear weapons 
that have already been found. 

But keeping track of what 
has already been found would 
not amount to a serious in- 
spection effort — it would be 
“faking it,'* in foe words of 
one inspector. It would sur- 
render all hope of finding foe 
secret manufacturing opera- 
tions — nuclear, chemical and 
biological — that remain foe 
greatest threat posed by Iraq. 

There is no substitute for 
aggressive long-term inspec- 
tions. The United States must 
ensure that they continue. 

The writer directs the Wis- 
consin Project on Nuclear 
Arms Control.' He contributed 
this to The New York Times. 



A World Slump? Not Certain but Not to Be Ruled Qut 


foe world slump?’ * asks a 

enpr asks 
recent issue of The Economist. 

By Robert J. Samnelson 

It is a good question without a 
good answer. 

All that can be said is that foe 
economic crisis that began 
quietly in Thailand in July has 
spread to much of Asia and 
moved on to Brazil and even 
Russia. Will it snowball into a 
broader economic downturn 
that would drag much of foe 
world, including foe United 
States, with it? 

The prevailing view is “no." 
Federal Reserve Chairman Alan 
Greenspan told Congress last 
week mat Asia’s problems, al- 
though serious, would not trigger 
a U.S. recession. The Economist 
also doubts a global slump. 

But optimism needs to be 
tempered, because the optimists 
have so far been wrong. 

The crisis is already worse 
than they expected, and plenty 
could still go wrong. Banking 
crises across Asia are a pos- 

sibility. Another bad omen: the 
decision of foe Mercosur trad- 
ing bloc (Brazil, Argentina, 
Uruguay and Paraguay) to raise 
tariffs by 25 percent. That could 
signal a protectionist spiral that 
would depress world trade. 

The best that can be expected 
is that the crisis harms only a 
handful of countries. For them, 
economic growth drops sharply. 

Consider new estimates from 
Nariman Behravesh, chief 
global forecaster for Standard 
& Poor's DRL Since late Oc- 
tober he has reduced Japan’s 
expected 1998 growth from 2.7 
to 0.7 percent, Thailand's from 
4.8 percent to minus 0.7, In- 
donesia's from 6.3 to 2.2, and 
Brazil’s from 4.4 to 1.8. 

Japan stumbles because its 
exports to Asia falter. And other 
countries are overextended. 

In the 1990s these countries 
have received massive foreign 
investment Too much money 

flowed too quickly. First, for- 
eign capital (mostly dollars) 
was converted into local cur- 
rencies. Bad loans were made, 
bad projects were financed. 
Next local consumers and 
companies converted some lo- 
cal currency back into foreign 
exchange to buy imports. Trade 
deficits swelled. 

Now foe boom is over. Coun- 
tries must curb trade deficits 
because they no longer receive 
the foreign capital needed to 
gorge on imports. Interest rates 

go up to slow spending. Coun- 
tries let 

their currencies depre- 
ciate, which makes imports 
more expensive. 

Yet Mr. Behravesh does not 
expect foe world economy to 
slump. He has cut his 1 998 fore- 
cast for global growth only 
slightly, from 2.9 percent to 2 J. 
The United States and Europe 
continue to expand. So do most 
developed countries. 

Don’t Expect Reform in Japan 

T OKYO — The collapse this 
week of foe first major Jap- 
anese commercial bank in half a 
century is part of a larger crisis 
that is waiting to happen in Ja- 
. pan. The failure of the Hok- 
kaido Takusboku Bank is a 
symptom of foe problems in 
store for Prime Minister Ryu- 
taro Hashimoto. 

The weaknesses of the Jap- 
anese financial sector are hold- 
ing back a troubled economy and 
casting doubt on foe leadership 
qualities of Mr. Hashimoto and 
his coalition government. The 
cabinet has few weapons in its 
armory to start lifting Japan out 
of economic misery. The stock 
market is weak, foe yen is out of 
favor, and die public is fearful 
that the rising tide of bank- 
ruptcies will continue. 

The financial turmoil and 
looming economic slowdown 
in Southeast Asia must inev- 
itably damage Japan’s hopes of 
exporting itself out of its present 
hole, but foe long-standing 
problems of the Japanese eco- 
nomy are homegrown. 

The nation spent foe 1990s 
trying to dodge foe unpleasant 
consequences of the asset-in- 
flated bubble era of the 1980s. 
Now foe skeletons are coming 
out of foe cupboard. 

Many more financial insti- 
tutions appear to be sitting on 
huge piles of bad debts incurred 
when foe stock market was seen 
as a moneymaking game and 
foe only way foe economy 
could go was up into foe stra- 
tosphere. The collapse of real 

By Roger Buckley 

estate prices has resulted in 
forced sales with heavy losses. 

Mr. Hashimoto is caught be- 
tween his past promises to re- 
form and kick-start foe highly 
regulated financial sector, and 
political pressures to eat his 
words by shoring up the more 
viable parts of foe system to 
prevent public panic at foe pos- 
sible consequences of more 
banks going under. 

The irony is that efforts to 
prevent more banking crises 
must lead to continued bureau- 
cratic intervention and super- 
vision. The Ministry of Finance 
is unpopular, and Mr. Hashi- 
moto’s coalition partners want 
to dismantle Us powers. Yet the 
possibility of further crashes 
may give a new lease on life to 
the financial bureaucrats. 

The Liberal Democratic 
Party would earn little applause 
by providing unsecured govern- 
ment loans to troubled banks, 
although some in die party fa- 
vor such a course. It would neg- 
ate foe government’s pledge to 
cut foe national debt and press 
ahead with deregulation.- 

His future may be on The line. 
He is seen as beleaguered, in 
contrast to his self-confidence 
in foe summer when he seemed 
a second term as president of his 
party and thus as prime minister. 
The party is balking at the po- 
litically sensitive areas of de- 
regulation and foe prospect of 
the job losses that would result 

promised Big Bang will 1897: Indian Danger 

ly be an anticlimax. The ° 

The Japanese public dims in- 
stinctively to foe government 
when the going gets rough. Try- 
ing to explain that the state no 
longer has ail the answers to xhe 
problems that plague the econo- 
my is a hard task. 

Japanese no longer have op- 
timistic dreams or visions, to 
sustain them into foe next cen- 
tury. So they are even more con- 
cerned than in the past that re- 
moving foe bureaucratic cocoon 
surrounding many aspects of 
life will leave them vulnerable 
to unpleasant market forces. 

The premised Big Bang will 
probably be an anticlimax. The 
Japanese government may pro- 
fess to be serious about dereg- 
ulation, but industrialists wbo 
free increased competition and 
banks that do not want to face 
the consequences of bad loans 
and mismanagement expect foe 
state to step in and shore up foe 
present system. 

Japan in foe late 1990s is a 
chastened nation. It knows that 
its golden age is behind it and 
that prospects for economic 
growth to support an aging pop- 
ulation are limited. 

Only a determined and united 
cabinet could impose real re- 
form. Since political leadership 
is weak and likely to remain so. 
cosmetic change is foe best that 
can be hoped for. 

It is plausible. Already the 
International Monetary Fund 
has organized big credits to 
hard-hit countries: Thailand 
$17 billion, Indonesia $23 bil- 
lion, foe Philippines $650 mil- 
lion. In theory, these credits 
cushion foe shock. Countries do 
not have to shut down their 
economies because they cannot 
afford essential imports. They 
deal with their problems and 
shift to export- lea growth. 

Some comparisons with foe 
Latin debt crisis of foe 1980s 
also seem reassuring. 

Then, foreign capital arrived 
mainly through commercial 
banks. For years foe banks in- 
sisted that they be repaid in full; 
foe Latin countries could not. 
Political deadlock and econom- 
ic stagnation resulted. 

Now Asian nations have re- 
ceived foreign capital in many 
ways: bank loans, direct invest- 
ment (multinationals building 
factories), stock market invest- 
ment Some losses will (and 
should) be absorbed by foreign- 
os, for example, mutual fund 

So far, so good. The crisis is 
contained. But two dangers 
could make things much worse. 
The first is foe prospect of bank- 
ing crises. Banks lubricate any 
thriving economy. They hold 
people's wealth as deposits; 
they make business ana con- 
sumer loans. If banks collapse, 
so may confidence. And Asian 
banks now free huge losses. 

Start with Japan. Even before 
the present crisis, its banks had 
at least $250 billion in bad loans 

left over from the bubble econo- ; 
my of the 1980s. Now there will * 
be more. Last year Japanese ! 
banks had $299 billion in loans * 
to borrowers in 10 large Asian : 
countries and Hong Kong. The ‘ 
added exposure could push ; 
some banks below the required ‘ 
capital reserve of 8 percent. | 
Some banks may be insolvent. • 

S imilar problems afflict ’. 
banks in South Korea, Thailand ‘ 
and Indonesia. Standard & ■' 
Poor’s estimates that bad loans il 
at South Korea’s eight largest r 
banks range from 3 to 14 percent - 
of total credits. As economies ! 
weaken, more loans may sour. 

There are ways to rescue ; 
banks, but all are costly and all | 
require political decisions that • 
may elude shaky governments. J 
Japan has dawdled ineptly wifo_ 
its banking crisis for much of the' 
1990s. It belatedly closed its 
10th largest tank just fois week. 

A second danger is an abrupt 
halt of foreign capital flows to 
most developed countries. In- 
vestors panic. All countries suf- 
fer for foe sins of a few. De- 
prived of investment capital, r 
countries experience slower 
growth. Trade, production and 
employment weaken. The 
United States and Europe soon 
feel the effects. 

A pessimist sees the connec- 
tions and fears them. An op- 
timist sees foe connections and 
thinks they will be avoided. 
Who is foe realist? What started 
in Thailand may be a passing 
economic squall. Or it might be 
a gathering storm. 

The Washington Post. 


•Ittfaj 1 . 

f - • 
r * 







LONDON — The Daily Tele- 
graph, commenting on the re- 
msal to allow foe appeal of Pro- 
fessor Tilak, the Indian native 
professor, against the sentence 
of eighteen months’ imprison- 
ment for exciting to sedition, 
says: “Violent attacks upon foe 

Socialist German Workers 
Party within Prussia. However, 

fois act doesn't affect foe lead- U 

- • f 

er’s position in Bavaria, where 
his recruiting campai gn and in- 
citements to violence continue 
unabated without interference 
by foe authorities. 

government at home are nothing 
sioo of 

more than the expression 
political feeling, but are hardly 
likely to disturb the Constitution. 
In India it is otherwise. Direct 
incentives to revolt are source of 
endless danger in India.” 

1947; Royal Wedding 

LONDON — Lieutenant Philip 
Mountbatteu was created Duke 

of Edinburgh and given the 

1922: Hitler Blocked 

The writer, who teaches his- 
tory as the International Chris- 
tian University in Tokyo, con- 
tributed this comment to the 
International Herald Tribune. 

BERLIN — The strenuous ef- 
forts of Herr Adolf Hitler, chief 
of foe Bavarian Fascist!, to ex- 
tend his activities into Prussia, 
received a sharp setback. Hen- 
Severing, Prussian Minister of 
the Interior, issued a proclam- 
ation which announces the sup- 
pression of Hitler's National 

right to be called “His Royal 
Highness” on the eve of his 
maniage tomorrow [Nov, 20] to 
Princess Elizabeth, heiress-pre- 
sumptive to foe British throne 
The ceremony will take place at 
Westminster Abbey before ap- 
proximately 2300 guests, Hor 
doding five kings, eight 

nnp»»nc maht nrinpa. „ V 

queens, eight princes, ten prin- 
cesses and fifty-two members & 
of the British royal family. The 4 1, 

Mtim f.kinirf mill L ' f- 

entire Cabinet will be 
along with leaders of foe Con- 
servative opposition party. ' 




u n i> N 



tl k 



1 A Great Cheer in 1947 
Echoes Feebly Today 

By Denis Judd 

, - \ 

h f; r 

■ P ' F ? y yeais 

• the wedding of the youthful 

and refreshingly naive Princess 
tp.the dashing and suave 
attain Philip Mountbat- 
vtyed a flood of worid- 
aieresi and publicity. Hie 
v|ar was barely two years over 
; .and with Britain struggling with 

sjoo^urehiU oaSMbn 
-.when/ he described the royal 
Redding as “a flash of color on 
. tqe hard road we have to travel ’ ' 
- - The ceremonial splendor of the 
. occasion was a cheering reminder 
’• of prewar pomp and power. The 
public seemed w illing to believe 

- '.ghat the “fairy tale” match would 
■■ 'Tsriher consolidate the position 

.'■.‘■of the House of Windsor at the 
'hpart of. the new Britain hotno 
'-' ’Created by.Clement Attlee’s great 
' 'reforming Labour govenunenL 

~ - r . I Half a century later, very few 

- -. of the hopes and illusions so 

'-eagerly cherished at the time are 
' intact, or indeed recognizable. 

' The royal-marriage has, of course, 
survived, and that is at least a 
. cause for modest celebration. 

1 In f WhethCT it has been an unblem- 
'-‘fished Jove match throughout 
11 is more doubtful. There have 
‘ . teen rumors of rifts, speculation 

_ oVer Prince Philip and other 
vyomeu, and note taken of 
' separate trips, interests and 
bedrooms. Few realistic observers 
.ste them as a close couple. 

: ' Despite Qoeen Elizabeth's 

■ constitutional and ceremonial su- 
periority, her husband’s capacity 
to browbeat and control has not 

been confined to . his children. 
One of the Queen’s recent 
biographers quotes art eyewitness 
account of Prince Philip’s threat 
to pm his wife out of the car if 
she once more voiced her fears 
that he was driving too ftMtfr 
A friend, however, explained 
how their relationship worked: 
“Nothing w»^ a woman 
less happy than being able to 
get away with everything ... 
Prince Philip is tough, which 
is why sbe loves him." 

More perplexing and perhaps 
more serious is die palpable ev- 
idence that none of the four off- 
spring of the marriage presents a 
reassuring picture of a fully 
rounded; calmly coping and 
deeply fulfilled individual — 
though Princess Anne 'may now 
come' ‘ 

Ihe first marriages of the i 
older children aS .failed: Prince 
Charles's spectacularly, Princess 
Anne’s predictably mid Prince 
Andrew's almost comically. 

The royal siblings, moreover, 
have moire than their fare share of 
nervous twitches and inadequa- 
cies of deportment. Throw in a 
few of the close relations, espe- 
cially the more gin-sodden »nd 
haughty ones, and the picture of 
a largely dysfunctional royal 
family is plain for all to see. 

The reasons for this do not, of 
course, derive solely from the par- 
enting earned out by the Queen 
and me Duke of Edinburgh. It is 
wrath noting that Prince Philip’s 
parents separated when he was a 
boy and mat be was effectively 


brought up by his Mountbatten 
relatives, of whom Lord Louis, 
the last viceroy of India, was 
easily the most influential The 
Queen’s father. King George VI. 
endured a cold mothering and a 
tyrannical fathering. 

A more charitable explanation 
for the mess might be that having 
pretended for so long that they 
were models of wholesome fam- 

ily life, the royals have now come 
to their senses and have made a 
fresh bid for public sympathy and 
support on the grounds that they 
are, in fact, just like the rest of us, 
although considerably richer and 
more newsworthy. But this is too 
subtle for the House of Windsor. 

What we are now witnessing is 
nothing less than the destruction 
of the mystery of the monarchy 

Poverty , Not Racism, Is America’s Problem 

rf \.|{ In Hr KiiiWO 

C AMBRIDGE, Massachusetts — Why 
are Americans having a national argu- 
; ment on race? 

By aU objective measures — recent opin- 
ion polls, demographic data and academic 
studies — race relations between blacks and 
whites have never been better. 

What is more, the majority of African- 
, Americans are content, even optimistic, about 
' their interactions with European-Americans, 
according to a close reading of a recent Gal- 
lup Poll and other surveys. This viewpoint 
has also been forcefully argued by die schol- 
ars Stephan and Abigail Therastrom in their 
- new book, “America in Black and White.” 

While I differ with many of their argu- 
ments, their basic premise is corr^ Relations 
between t^p^gees-are getting better, as ate the 
_ AnJeticanfe 

ritrighfs leaders insist thatthis belief is 
dangerously wrong because they think that 
.America remains mired in racism. 

» But let’s get the facts straight According 
-to the most recent census data, blacks have 
virtually closed die gap with whites not only 
-in the percentage graduating from high 
school but also in the percentage graduating 
.from junior college. 

Black full-time workers have also started . 
to close the income gap, according to census 
data. From 1970 to 1995, the average annual 
income of white men declined by 3 percent, 
to $34,741 , while that of black men increased 
by 1 1 percent to $27,136. 

Nonetheless, major problems still remain 
for the bottom quarter of the Africanr Amer- 
ican population — 26 percent of all black 
families and 415 percent of their children 
remain trapped in poverty. The situation is no 
longer worsening, but it is no better than 
conditions were a quarter century ago. 

Nor have we seen the end of racism. 

By Orlando Patterson 

About 20 percent of white Americans are 
still at least mildly racist (meaning, among 
other things, dial they are averse to living 
in neighborhoods with only a few minority 
families'), according to my research using 
polls, including one in 1994 by the National 
Opinion Research Center. 

We have made great progress, but there 
is still a long way to go. Here is what we 
should be asking: How does racism hurt the 
lives of African-Americans? For the poorest 
among them, is racism the real problem? 
Do ordinary black Americans think that 
race is their biggest problem? 

When it comes to eammgs and self-esteem. 

blacks and more of a problem for 
blades who are in direct competition with 
whites for jobs, stains and power. 

Certainly, poor blacks are hurt by racial 
discrimination — mostly in biased police be- 
havior and draconian drag-sentencing laws, 
v But as die sociologist William Julius 
Wilson emphasized, race is of secondary 
importance when it comes to the economic 
conditions of poor blacks. Poor blacks , like 
poor whites, are impoverished partly because 
they attend bad schools, come from broken 
families and live in broken communities. 

But the basic problem is that the poor, no 
matter how bard they work, earn too tittle to 
pull themselves out of poverty. 

Indeed, is a Gallup poll taken in June, 
poor blacks said that money, not racism, 
was their biggest problem. This poll, 
which measured race relations, found that 
three-quarters of blacks considered their 
own relations with whites to be good, and 
indeed had a dose white frieod. 

The same poll found, however, that 
53 percent of blacks were dissatisfied 
with their incomes. For poorer African- 
Americans, the figure was much higher. 

If money is the problem and not racism, 
why do many leaders, white and btack, warn 
that America's racial problems are getting 
worse? This pessimism results from a 
strange collision of interests. 

White liberals believe to some degree the 
stereotype that African-Americans are a de- 
pendent and chronically victimized group. 
Any problem associated with blacks is 
simply assumed to be racist in origin. Em- 
phasizing crisis is also an effective way to 
argue for more government intervention. 

Black political leaders also have a vested 
interest in maintaining that a racial crisis 
k exists. -Ttefr.Jegitiniaty? ^idti»^ood..-p»t 
• of their livelihood depend ‘ on defending 
entitlement programs. 

On the. right, leaders and scholars ex- 
aggerate the crisis in race relations to high- 
light the failures of liberal programs. 

Martin Luther King’s dream of an in- 
tegrated America has not been deferred. The 
nation is overcoming what was once its 
greatest flaw, racism. Denying its persist- 
ence is naive and reactionary. But ignoring 
the extraordinary progress, while exagger- 
ating racism's impact, is counterproductive. 

It diverts attention from what is now our 
greatest shame — chronic poverty and grow- 
ing income inequality — and it plays right into 
the hands of those on the right and left who 
promote the vile dogma of racial separatism. 

The writer, a professor of sociology at 
Harvard, is the author of "The Ordeal erf 
Integration: Progress and Resentment in 
America's * Racial ’ Crisis.” He contributed 
this comment to The New York Times. 

The writer is a historian whose 
most recent book is "Empire: 
The British Imperial Experience 
From 1765 to the Present.” He 
contributed this comment to the 
International Herald Tribune. 

Back to the Early ’ 80s 
With El Nino? Help! 

By Hal Dresner 

through chronic overexposure, 
compounded by unprecedented 
media intrusiveness. Our ancest- 
ors understood the need lo ration 
public and private monarchical 
display in order to sustain the 
magic. A century ago. the British 
pioneer socialist Keir Hardie 
tartly observed, “Royalty to 
be a success should keep off 
the streets.” 

The problem for the inner royal 
family, of which the Queen and 
her consort are the core, is that 
there is no going back. The British 
public's reaction to Diana's death 
proves this beyond question. 

The royal family's stilted re- 
sponse to the tragedy owed a great 
deal to Germanic traditions of 
self-restraint and doing one’s 
duty. More significantly, perhaps, 
it was widely seen as a final act of 
retribution against a young wom- 
an who embodied an emotional 
spontaneity and vivacity that the 
Windsors seem incapable of ap- 
preciating, let alone reproducing. 

The subsequent attempts to 
present a more caring, "touchy 
feely" image for Prince Charles 
and the elder royals can fool only 
those who wish to be deluded. 

Golden wedding anniversaries 
ought to be occasions for cele- 
bration and a certain amount of 
-se&congiapilation. The Queen 
and her consort -should be no, 
exception to this tradition. 

All the same, it would be re- 
assuring to know that some se- 
rious stocktaking will also take 
place. The monarchy's environ- 
ment, both publicly and privately, 
has changed dramatically since 
the day 50 years ago when the 
BBC commentator Richard 
Dimbleby described Princess 
Elizabeth *s arrival at Westminster 
Abbey thus: "The doors of the 
coach are open. The crowds shout 
with excitement and love ... Now 
she steps down. A great cheer 
arises to sustain her.” 

A shland, Oregon — Like 
everyone else. I’m worried 
about El Nino. I. too, recall the 
lenible storms, floods and 
droughts of 1982 and 1983. 

But do you remember what else 
that stretch of warmer ocean tem- 


perarures brought us? I’m talking 
about the really strange, fright- 
ening occurrences for which there 
is no rational explanation. 

For instance, the last lime 
the ocean got this hot. people 
started wearing baseball caps 
backward. Not only misguided 
teenagers; I mean folks as sane 
as we are. That’s the power of 
a world-class Nitio. 

And what else can explain 
break dancing. Valley Girl -speak. 
“Rocky HI," women wearing 
shoulder pads? Claus von Bulow 
and John DeLorean? In world af- 
fairs. there was the nuttiness of 
Britain and Argentina warring 
over the Falkland Islands. Nothing 
as noble as our 20-minute invasion 
of small but shifty Grenada. It's 
something in the water: El Nino. 

One expert has said that the 
difference between this El Nino 
and the one in 1982 is that last 
time, we didn’t know in advance. 
Now we seem eager to make good 
use of our forewarning — a House 
panel recently held an El Nino 
hearing, and the Federal Emer- 
gency Management Agency says 
it’s going to try to prepare us for 
this recurrent weather pattern. 

But how do we prepare for an- 
other “A-Team,” with Mr. T 
single-handedly driving up the 
price of gold? How can you arm 
yourself against hearing “(She's 
a) Maniac" every time you turn 
on the radio? Ready for the return 
of Joan Rivers as the permanent 
guest host of “The Tonight 
Show"? And what about the 
worst early '80s remnant of all: 
“Cals,” the Broadway show with 
the half-life of plutonium? 

It mry be too late to do any- 
thing. There are already terrifying 
similarities between the last 
time El Nino struck and now. 

In 1982, Ted Kennedy said he 
wouldn’t nin for president; in 
1997, Joe Kennedy said he 
wouldn’t run for governor. Then 
and now, a George Bush ogles the 
Oval Office. In 1983. riots over 
Cabbage Patch dolls; in 1997, 
frenzy over Beanie Babies. Nino 
1: the Hitler Diaries. Nino II: the 
JFK-Marifyn Papers. 

But there may be hope- 
Scientists say that if we can make 
it through the next year, there’s 
an opposite climate system 
headed our way. 

Called La Nina, it's supposed 
to bring cool and dry weather. 
So from my perspective, things 
are looking up. 

But that may be because 
I’m hanging here in my old 
gravity inversion boots. 

The writer, a screenwriter and 
novelist , contributed this com- 
ment to The Nor York Times. 


Kabul Hospitals 

Regarding "Leaving Women to 
Die" (Editorial. Nov. II): 

The statement about the World 
Health Organization's financing 
of Che rehabilitation of hospitals in 
Kabul is misleading. The WHO 
has not supported the “reconstruc- 
tion of a new women's hospital." 
Its aid is directed toward the re- 
habilitation of three war-damaged 
hospitals: the Rabia Balkhi hos- 
pital for gynecology and obstetrics 
and two others for emergencies 
and infectious diseases. Funds for 
the $435,000 project were raised 
by several agencies, including the 
office of the UN High Commis- 
sioner for Refugees, the World 
Food Program and the WHO. 

The confusion may. arise from 
the fact that Kabul authorities have 
renamed die Central Polyclinic' 
built by the Soviets as the New 
Rabia Balkhi Hospital and alloc- 
ated it to women. WHO has re- 
ceived no requests for its support 

Alexandria. Egypt 

The writer is public informa- 
tion officer for the Regional Office 
for the Eastern Mediterranean of 
the World Health Organization. 

On Ethnic Chinese 

Regarding “ When Greedy 
Elites Don't Learn " (Opinion, 
Nov. 18) by Robert Elegant: 

Mr. Elegant’s drawing of a 
contrast between Southeast 
Asian states run by ethnic Chinese 
and those governed by Malays 
overlooks several factors. 

Both Hong Kong and Singa- 
pore, which Mr. Elegant calls 
‘ 'free of the ca valier approach ’ ' of 
the ruling classes, are tiny city- 
states where the problems of gov- 
ernance are reduced. The British 
ruled Hong Kong until last July 
and provided a stable framework 
in which business thrived. Senior 
Minister Lee Kuan Yew found 
Singapore sandwiched between 
two large resource-rich and in- 
efficient neighbors, and decided 
to offer the West a service center 
that was gratefully accepted. 

If the ethnic Chinese are such 
good governors, then Mr. Elegant 
would not have to make an ex- 
ception of China itself. 

Mr. Elegant overlooks the fact 
that it was the overseas, ethnic 
..Chinese, - , who . .spearheaded , 
' the. looting . spree throughout 
Southeast' Asia during the last 
30 years. The overseas Chinese 
tycoons who are friends of 
Indonesia's President Suharto 
are among the richest men in 
the world not because they won 
such wealth on a level playing 
field. Instead, they acquired tt 
through sweetheart deals and 
monopolies that in effect preyed - 
upon the local rural population. 


Cheras, Malaysia. 

Letters intended for publica- 
tion should be addressed “ Letters 
to the Editor" and contain the 
writer’s signature, name and full 
address. Letters should be brief 
and are subject to editing. We cam 
not be responsible for the return of 
unsolicited manuscripts. 

We made 6 promises to ourselves before 
developing these solar energy cells. 

O Create the multicrvst.'il photovoltaic cell with the highest energy conversion efficiency in the world 

< .orc ho :is • Gt cor. c-c.- r.vr.g *or r. I £. • r, iSc’r r.y;f 

© Make solar cells ifford.ihie foe more- households • •. - ...» ■. t -.-r.- ' r, \ 

- ' ic-cr-oic .O T: - C -'•••- .-v* .ell : :.A (■: > i J . ■ ov In .:! (O'-Or. V ; r : . :i> 

• . le ' © Design the hugest photovoltaic cell ir. the world. V .*'iv nonuk , «- n-.i, . 

votr sol.:.' Cr s n.-.-rv -.-0. . Cl. r-- - -. or cc- :i . 

r . ne ,, ,,:v c.V. :.v_ ■ 1 5 o Use resources that are plentiful to reduce strain 

ik.. KPiciiemncnt . ' 11 •■ ;i - ■ : 1 ‘ : • •• » -* *•' 

i.-.'OC'.; t 

or. the envuonment 

most .ibur.ii .v : ;-.f • 

:ra.;’-Cf. c v.i "■ •- 

th,v. ,';fe livnr-if 

>olar cods in the v orld - 

0 Gradual!;, reduce the thickness of flit- cell i • . m- - 

• I . p:c - O ;••:«’ - ' • mei.e r.i .• I . 

© Become one of the leading producers of 
: | i •. o k 'Cd..< . i'v>n J >r.ri 

And one million to the earth. 

Eadi one wrapped in sunshine. 

It's not difficult to see where much of life on earth draws its 
energy from. That*s why we plan to be instrumental m placing solar systems 
on one million rooftops by the year 2010. Bringing us much 
doser to reducing the effkb of dobal warming. 

PAGE 10 



Origins of 

Genetic Studies 
Fix Locations 

By John Noble Wilford 

New York Times Sen-tee 

EW YORK — The greatest 
thing before sliced bread, to 
reverse the cliche, was bread 
itself. The first cultivation of 
wild grains, that is, turned hunter- 
gatherers into farmers, beginning some 
1 2.000 to 10.000 years ago. In the tran- 
sition, people gained a more abundant 
and dependable source of food, includ- 
ing their daily bread, and changed the 
world forever. 

Archaeologists and historians agree 
that the rise of agriculture, along with 
the domestication of animals for food 
and labor, produced the most important 
transformation in human culture since 
the last ice age — perhaps since the 
control of fire. 

Fanning and herding led to the 
growth of large, settled human pop- 
ulations and increasing competition for 
productive lands, touching off organ- 
ized warfare. Food surpluses freed 
people to specialize in crafts like textiles 
and supported a privileged elite in the 
first cities, growing numbers of bureau- 
crats and scribes, soldiers and kings. 

Excavations at more than SO sites 
over the last half-century have estab- 
„ lished the Fertile Crescent of the Middle 
i East as the homeland of the first farm- 
" ers. . 

This arc of land, broadly defined, 
extends from Israel through Lebanon 
and Syria, then through the plains and 
hills oflraq and southern Turkey and all 
the way to the head of the Gulf. Among 
. its "founder crops” were wheat, barley, 
various legumes, grapes, melons, dates, 
pistachios and almonds. The region also 
- produced the first domesticated sheep, 
goats, pigs and cattle. 

But questions persist: Where in the 
Fertile Crescent were the first wheat and 
barley crops produced? What condi- 
tions favored this region? Why was the 
transition from hunting and foraging to 
farming so swift, occurring in only a few 
„ centuries? 

New genetic studies suggest possible 
, answers. They pinpoint the Karacadag 
mountains, in southeast Turkey at the 
upper fringes of the Fertile Crescent, as 
1' the site where einkom wheat was first 
. domesticated from a wild species 
_ around 11.000 years ago. 

Moreover, they reveal that cultivated 
einkom plants, as botanists bad sus- 

The March of Agriculture 

The eight domesticated crops of the Fertile Crescent, including einkom 
wheat, spread across Europe and Asia, as shown by radiocarbon dating of 
sites where crop remains have been found. 

pected, are remarkably similar genet- 
ically and in appearance to their an- 
cestral wild varieties, which seems to 
explain the relatively rapid transition to 
fanning indicated by archaeological ev- 

A team of European scientists, led by 
Dr. Manfred Heun of the Agricultural 
University of Norway, reported these 
finding s in the current issue of the jour- 
nal Science. The researchers analyzed 
the DNA from 68 lines of cultivated 
einkom wheat. Triticum monococcum 
monococcum, and from 261 wild 
einkom lines. Tm. boeoticum, still 
growing in the Middle East and else- 

In the study, the scientists identified a 
genetically distinct group of 1 1 varieties 
that was also most similar to cultivated 
einkom. Because that wild group grows 
today near the Karacadag mountains, in 
the vicinity of the modem city of Diyar- 
bakir, and presumably was there in an- 
tiquity. the scientists concluded, this is 
"very probably the site of einkom do- 

Knowing the site for the domestication 
of such a primary crop, the scientists said, 
did not imply that the people living there 
at the time were the first farmers. "Nev- 
ertheless.” they wrote, "it has been hy- 
pothesized that one single human group 
may have domesticated all primary crops 
of tiie region.” 

Archaeologists said that radiocarbon 
dating was not yet precise enough to 
establish whether einkom or emmer 
wheat or barley was the first cereal to be 
domesticated. All three domestications 
occurred in the Fertile Crescent, prob- 
ably within decades or a few centuries 
of each other. It was a hybrid of e mm er 
and another species from the Caspian 
Sea area that produced the first bread 

Dr. Bruce Smith, an archaeobiologist 
at the Smithsonian Institution and au- 
thor of “The Emergence of Agricul- 

ture,” published two years ago by the 
Scientific American Library, praised 
the research as another notable example 
of new technologies being applied in 
trying to solve some of archaeology’s 
most challenging problems. The 
einkom findings, he said, made sense 
because they "fit pretty well with ar- 
chaeological evidence." 

Not far from the volcanic Karacadag 
mountains and also to the south, across 
the border in northern Syria, archae- 
ologists have exposed the ruins of pre- 
farming settlements and early agricul- 
tural villages that appear to have existed 
only a few centuries apart in time. Sift- 
ing the soil turned up seeds of both wild 
ana cultivated einkom wheat The ruins 
of Abu Hurcyra, an especially revealing 
Syrian site on the upper Euphrates 
River, contained evidence of einkom 
fanning more than 10.000 years ago. 

But some archaeologists may not 
readily accept the new findings. They 
have their own favorite areas where they 
think the first steps in plant domest- 
ication took place, and these happen to 
be to die west and south of the Turkish 

Mud-brick ruins at the edge of an 
oasis in the Jordan River valley near 
Jericho have often been cited as from 
the world’s first known fanning village, 
occupied by an ancient people that ar- 
chaeologists call the Natufians. 

Dr. Frank Hole, a Yale University 
archaeologist who specializes in early 
agriculture, thinks the major center for 
early plant domestication was more 
likely in the corridor running north from 
the Dead Sea to Damascus. 

Its Mediterranean-type climate, dry 
summers and mild but wet winters, 
which prevailed at the time of agri- 
cultural origins, would have favored the 
growth of annual plants like barjey and 
both einkom anti emmer wheat The 
Jericho site produced early evidence of 
barley cultivation. 



• Modern African Stories 

Edited by Charles R. Larson. 311 pages 

- 5 25. Farrar Struus Giroux. 

• Reviewed by Carole Joyce Davies 

.; INa controversial piece called “Lar- 

• I sony or Fiction as Criticism of Fic- 
non.” Ayi Kwei Armah accused Afiic- 

, anists. such as Charles Larson, of 
capitalizing on African literatures, lord- 
ing it over die writers and functioning as 
the ones authorizing the literature. 
Armah 's assertion came out of a period 

• now identified as the height of decol- 
onization struggles on the continent and 
of Black Power movements around the 

, world. His charge effectively articulated 
the sense of self-ownership and self- 

- definition that African scholars were ad- 
. vancing. 

Indeed. Larson had earlier edited 

• "African Short Stories: A Collection of 
. Contemporary African Writing' ’ ( 1970) 

and had published "The Emergence of 
’■ African Fiction" 1 1972). which was re- 
quired reading for those embarking on 
graduate education in African literatures 
in the 1 970s. So Larson is one of those 
, scholars of European descent who were 
able to have a pivotal role in the shaping 
of African literature in questions of audi- 
ence. the academy, marketing and entry 

• into the canon. In recent years, however, 
the African Studies Association has 
been the site of charges and counter- 

• charges of this nature. On the one hand, 
European and American specialists on 

L Africa want to continue to dominate a 
*• field which many of them have worked 
r hard to develop. On the other side. Af- 
: rican scholars have mounted a certain 
defense against the ways in which Euro- 

American Africanists have consistently 
spoken for them. "Under African Skies: 
Modem African Stories" has to be read 
against that backdrop. 

The book brings together 26 writers 
from across the continent There is a fair 
representation of older and newer writers 
but clearly some imbalances in other 
areas. For example, the geographic re- 
gions represented are southern Africa, 
east Africa and west Africa. Northern 
Africa seems to have been overlooked 
again in favor of a south-of-the-Sabara 
emphasis. There is a bias in favor of male 
writers: 20 of them and only six females. 
So important voices such as Efua Suth- 
erland, Buchi Emecheta. Flora Nwapa, 
Manama Ba and Nawal el Saadawi are 

More problematically, Larson justi- 
fies this imbalance in his introduction: 
"Too many [African Women in the 
1950s and 1960s] were published solely 
because of their gender, in choosing the 
selections for this anthology. I reread 
stories by many of them and, I am sorry 
to say, was appalled at how poorly writ- 
ten some were." Consequently, lew of 
the early selections in this anthology are 
by women writers." He even says, 
boldly, that fortunately this situation has 
changed with the advent of a few new 
writers ( Yvonne Vera, Veronique Tadjo, 
Sindiwe Magona). 

Very few contemporary African 
women writers would support such an 
attempt at creating a generational split 
and the kind of condescension that it 
implies. But, more important, those of us 
who have worked in women's writing 
have seen that kind of charge repeated ad 
nauseam. The critic, usually male, uses 
his own "standards" and aesthetic po- 
sitions and attempts to generalize about 

the entire body of literature. He then 
proceeds to assume that whatever he 
does not understand derives from a flaw 
in the writer, not in himself. Clearly, the 
kind of respect that Zora Neale Hur- 
ston's work has garnered upon re-read- 
ing by feminist scholars is a fining cri- 
tique of that stance. Larson thus gives 
new life to Ayi Kwei Armah’s charge of 
"larsony,” especially since so much has 
happened in African women’s writing 
between Larson's earlier anthology and 
this one. 

What is most valuable about "Under 
African Skies," though, is its interplay 
between at least three generations of Af- 
rican writers. I found it interesting to read 
some of the first wave of writers like 
Amos Tutuola, Es’kia Mphahlele, Ca- 
mara Laye, and Chinua Ache be against 
the generation that came of age during the 
struggles for decolonization — Ngugi wa 
Thiong’o. Sembene Ousmane. Ama Ata 
Aidoo — and then the more recent writers 
like Vera, Tadjo and Ben Okri. An im- 
portant contribution is Ken Saro-Wiwa’s 
' ‘Africa Kills Her Sun,” which is a fitting 
commentary on the kind of self-destruct- 
iveness that resulted in the writer's own 
execution. Though written at least nine 
years before his death, the stoiy makes 
difficult reacting for anyone familiar with 
Saro-Wiwa’s murder. 

While this book had the potential of 
presenting a new canon of readable Af- 
rican writers, finally it has to be taken as 
simply another anthology of African lit- 
erature that does its own work. 

Carole Boyce Davies . a professor of 
English and African Studies ana director 
of African-New World Studies at Florida 
International University, wrote this for 
The Washington Post. 


By Alan Truscott 

F OR five world champions 
to take part in a club game 
‘ is very rare. It happened re- 
cently at the Harmonic club’s 
^ annual Expert- Member night. 

But none of the five, were 
' able to win. Victory with 66 
percent went to veteran Boris 
Koytchou- Second with 63 
_ percent were Sue Picus and 
Barry Rigal, who won a year 
ago. Third with 61 percent, 
and winning in the expert- 
guest category', were Norman 
Matthews and Joe Leff of 
Purchase. New York. 

All the players failed the 
^difficult bidding test presen- 
Igafid by the following deal. At 
[ fife 51 tables South simply bid 
spades after bearing a 
LBHBfrlc raise from North. 

When the dummy appeared 
they realized unhappily that 
they should have bid more — 
the hands fit superbly. Since 
spades and diamonds both 
broke favorably, and the heart 
finesse succeeded, they made 
1 3 tricks without difficulty. 

Six spades, reached by two 
of the nonexpen partnerships 
but none of the experts, is a 
borderline contract. It needs: a 
good trump division together 
with 2-2 diamonds, irrespect- 
ive of the heart position; one 
tramp loser together with 2-2 
diamonds and a winning heart 
finesse, or a good tramp di- 
vision together with 3-1 dia- 
monds and a winning heart 

Six diamonds by South, 
however, is a wonderful con- 
tract that will almost always 
succeed unless the trumps di- 

vide 4-0. From the North side, 
a heart lead is a nuisance but 
the contract is still good. But 
how can diamonds be reached 
after a spade fit is un- 

This is a constant problem 
in standard bidding: One tends 
to assume that a major-suit fit 
rules out all other strains. 
There were two ways that the 
problem might have been 
solved. One. as shown in the 
diagram, is for South to show 
diamonds at his second turn 
instead of leaping to game. 
Thai North can raise, and 
with two aces will cooperate 
when South hints at slam. 

The other way was for 
South to jump to four clubs at 
his second turn, a splinter 
suggesting slam interest and 
at most one club. The North 
hand would be highly suit- 

able, but the partnership 
would still have the problem 
of shifting gears to reach dia- 
monds rather than spades. 


* A ID 4 
J 10 7 3 

0 109752 

♦ A 7 


a J 8 7 A 9 5 

7J94 2 OK85 

0 J 8 0 Q3 

+ K 1093 JS652 

A KQ832 
? AQ6 
< A K 64 

Neither side was vulnerable. Tbe 







1 A 


2 A 


3 •:• 


4 0 


4 v 






W«i M liw club T«l. 

Einstein Cleared of Plagiarism 


By William J. Broad 

New York Times Service 

porters quietly suggested years later that Detailed analysis and comparison of 

EW YORK — One of the 
triumphs of modern science 
is the general theory of re- 
lativity, which defies com- 
mon sense by describing the gravita- 
tional attraction between planetary 
bodies as the corvature of a bizarre entity 
called Space-time. 

Despite its many predictive successes 
over the decades, the theory has existed 
under an inconspicuous cloud since its 
publication in 1915 because of questions 
over its authorship. 

While Albert Einstein was usually 
hailed publicly as author of the theory, 
behind the scenes another scientist, Dav- 
id Hilbert, claimed to be tbe theory’s 
author and clashed with Einstein over 
who had priority in the insight. 

Tbe dispute eventually became, 
caustic. Einstein contended that Hilbert 
bad stolen the theory after reading one of 
his papers, and some of Hilbert’s, sup- 

porters quicuy suggested years mat iwumcu 

it had actually been Einstein who com- these proofs with published version 
mittari plagiarism. both Hilbert’s paper and ^Etnsie‘ H s P** 

Now, three historians of science have pets on gravitation enabled Dr.jC 
examined the dispute and have vindic- and his colleagues to reconstruct a 
o—a th*u *rtn«re count of the crucial weeks m Noyemwr 

1915. And what they uncovered differed 
radically from the standard view. 

The new evidence shows that Hil- 
bert’s proofs lacked the critical ingredi- 
ent for the theory's success, somfthmg 
called covariance. , . 

“The theory he originally submitted 
is not generally covariant.' the authors 
wrote. , . 

Although Hilbert’s article bore the 
submission date of Nov. 20. 1915. J 
was not actually published until Marcti 
31, 1916 — long after Einstein’s paper 
was public. The final article was co- 
varianL a 

The new revelation “excludes tnjp 

fn'Kilihf t4ior Pincfpin nbfiiflTIZCtl 

ated Einstein. They say Hilbert appears 
to have lifted a key concept from Ein- 
stein’s manuscript 

“A close analysis of archival material 
reveals that Hilbert did not anticipate 
Einstein,'’ Leo Cony, Jucrgen Renn and 
John Stachel write in the cozreot issue of 

the journal Science. 

tbe conventional r wisdom among 
contemporary scholars' was that Hilbert 
completed the general theory of relativ- 
ity at least five days before Einstein 
submitted his conclusive paper on Nov. 
25,19 15, and.timt tfaetwo men had hit 
upon the- revolutionary idea independ- 

That view came into question when 
Dr. Cony, a historian at Tel Aviv Uni- 
versity, was doing some archival work 
and stumbled upon a hither to unnoticed 
set of proofs ofHilberr’s paper. 

ssi bill ty that Einstein plagiarize 
i Hilbert the last crucial step in com- 
pleting general relativity," the scholars 

A wide variety of weekly features 


♦ Monday Sports: 

Full weekend results of all major 
international snorting events. 

A Capital Markets: 

Carl Gewirtz, Europe’s most respect- 
ed Euro-market analyst, forecasts 
developments in the foreign exchange 

♦ Cyberscape; 

Up-to-date dcvclopmcnts.on Internet 
and network communications. 


♦ Style: 

Suzy Menkes reports on the world of 
fashion, lifestyle issues and creative 

♦ International Stock Markets; 

An analysis of global investment 

♦Thinking Ahead: 

Reginald Dale sets the world’s eco- 
nomic agenda. 



♦ Stage/Entertainment: . 

London and New York theater; opera, 
conceits, pop music, jazz, along with 
book and movie reviews, this section 
details entertainment options all over 
the worlds 

♦ Media Markets: 

Global developments in marketing, 
advertising ana media. 


♦ Health/Sciences 

from recent medical .discoveries to 
how the human Ibrain functions, this 
page provides up-to-date information 
onjpew scientific developments. 

♦ International Manager: 

Creative solutions to cross-border 
management' challenges. 

♦ Leisure: 

Travel deals, art exhibits, restaurant 
reviews, movie guides and more. A 
weekly guide to your leisure time, 
regardless of where in the world you 
may be travelling. 

♦ Wall Street watch: 

Analysis of developments in the 
American market from a sophisticat- 
ed international perspective. 


♦ Art: 

Souren Melikian’s world-renowned 
coverage of the world s art market- 

♦ Economic Scene: 

An overview of forces reshapijug the 
world economy. ■ ° 

♦The Money Report: 

For individual investors whose inter- 
ests extend beyond their national or 
regional economies. 


6 \ 

'•//’/. . 



Evaluating Acupuncture: Medical Profession Is Divided 

By Jane H. Brody 

Am~ Yurk Timex S ertm 

N ew YORK _ In 197 U 

fe S 'r Resron -, Tbe New 

York Times columnist un- 
aenvent an emergency ap- 
pendectomy in China and described acu- 
p umpire s success in reliving his 
postoperative pain. 

Since then, acupuncture has flour- 
ished to the West, mainly among lay 
nU oners trained in this technique, in 
which certain points are stimulated on or 
under the skin, mostly with ultrafme 

Although acupuncture does not cure 
anything, advocates of the technique say 
that for many common health problems, 
especially those involving chronic pain 
acupuncture is at least as effective as 
standard medical remedies like drugs 
and surgery and usually safer. 

Still, mainstream medicine h ag >w p 
reluctant to endorse acupuncture as a 
potentially valuable tooL, citing as its 

main reasons scientifically inadequate 
studies, mystical explanations of how 
the technique works, the risk of mis- 
diagnoses and the possibility of hazards 
from medically unsupervised treat- 

Patients, meanwhile, have been vot- 
ing with their pocketbooks. In 1993. the 
Food and Drug Administration reported 
that more than a million Americans 
spent about $500 million each year to get 
up to 12 million acupuncture treatments. 
Patients pay for most of those treatments 
because few insurers cover them. 

Are these patients simply buying an 
expensive placebo, or do therapeutic 
benefits emerge from acupuncture treat- 

This month, experts who were asked 
by the consensus development program 
of die National Institutes of Health to 
summarize the best available tests of 
acupuncture's effects found several 
well-documented benefits and the po- 
tential for many more for which rigorous 
scientific proof is not available. 

Patients most often seek acupuncture 
to relieve painful conditions that fail to 
go away on their own, that do not re- 
spond well to standard treatments or that 
may require more hazardous remedies, 
like surgery or the long-term use of 
potent drugs. An independent panel 
evaluating the reports concluded that 
acupuncture could alleviate acute pain 
— for example, postoperative pain — 
and might also help control chronic pain, 
like chronic migraines, neck pain, 
muscle pain and osteoarthritis of the 
knee. The panel also found acupuncture 
to be highly effective in combating naus- 
ea caused by pregnancy, anesthesia or 
Cancer chemotherapy. 

Presentations to the consensus con- 
ference made it all too clear why the 
American medical establishment has 
failed to give acupuncture its blessing. 
Without big money to underwrite large 
long-term studies of acupuncture's po- 
tential contribution to heating, the over- 
whelming majority of studies have in- 
volved too few patients and too little 







SHAPED by the spirit of sport 


if ,^ 1 



i Construct 
s Meadow sounds 
9 Bartjra's “A Star 
is Bom" co-star 
is "The Good 
Earin' heroine 
14 Runs while 

16 Cassia s oval 
1? Benchmark 

IB Hotel employee 

« False lochs 
20 Cheesy IV 

2a Witch’s potent 

24 A mean Amin 
as Cheesy TV cop 
show 7 

32 DOO-WOp 
35 Floor model 
3* Change 
37 Chirac’s slate 
39 Country singer 

4i Sunra. e g. 

42 1970 Tony 
iunnrter lor 

4» Harsh words 
43 Locomobile 
49 Cheesy TV 
s* Back, in a way 
S7 Cheesy TV 
delecave sham. 

wfth ’The"? 

62 Clue 

Solution to Puzzle o f Nov. 19 




























S3 South Atncen 

64 TV (moo 

65 Toiletries case 
•6 One of fee 


67 Jim Dmrfs canine 

68 Member ol a 

69 First name in TV 

70 Russo oi 



1 Calendar page 

2 Sandwich 
islands greeting 

aSilkwood ol 

4 Tangle up 
s Oyster, eg- 

6 Classic Rodin 





a Deem 
a Bird whose 
males incubate 
the eggs 



11 Rock anger 

— Pop 

12 Urgent call 

is Sports faauties 

si Pooped 

22 Peeve 
as Signal booster 

27 Circus noises 

28 Speculations 
x» Tack, in a way 

30 ‘ homo" 

3 1 'How to Make 
an American 
Oufli” author 
Whitney — 

32 Corporate 

33 Bryce Canyon 

34 Defensive spray 
as Flat hat 

40 Welcome site 

43 Outdoor party 

44 Scale holder 
48 A1H 

47 One who leads 
class struggle? 
so “Foul!* 

51 Swain 

54 Water park sight 
ss Order of — — 
(bygone award] 
se Lauder of 

57 Romance 
writer's award 

58 Load to bear 

5 ® Bathroom 
cabinet Hem 

ao Oklahoma 














©New York Times/Edited by Will Shorts. 

si Big name m 
kz Cabinet 
acronym, once 

time to prove anything one way or an- 

Researchers dehated how best lo 
study acupuncture. Should it be com- 
pared with no treatment, an inactive 
placebo or sham acupuncture (which in 
itself has some effects) or should it be 
measured against standard medical ther- 
apies? Should the results be assessed by 
someone other than the acupuncturist? 
Should patients who previously had acu- 
puncture be excluded from the studies? 
Or should only those patients who are 
known to respond posi lively to acupunc- 
ture be studied? And to determine 
whether acupuncture is effective, which 
of the more than 2,000 points on the 
human body should be needled, how 
often and for how long? 

R. Steve Birch of the APT 
Foundation in New Haven. 
Connecticut, said that an ad- 
equate test of acupuncture for 
chronic pain should involve needling at 
10 sites for at least 10 treatments. "But 
none of the headache studies 1 reviewed 
met these criteria," be a'ported. At best. 
Dr. Birch could say that acupuncture 
was better than an inactive placebo and 
roughly equivalent to standard headache 
therapy. But since the treatment of 
chronic headaches involves medications 
that often have unpleasant and side ef- 
fects, acupuncture may be preferable 
because it rarely causes side effects. 

Another consideration is the thera- 
peutic milieu. Practitioners of traditional 
Chinese medicine challenged the design 
of acupuncture studies that ignore its 
usual holistic therapeutic context, which 
often involves "TLC." herbal remedies 
and individualized treatment based on 
each patient's unique characteristics. In 
other words, it may not be possible to 
strip the art front the science of acu- 
puncture and end up with a meaningful 

Another question is whether the ob- 
served benefits of acupuncture can be 
explained physiologically. Researchers 
at the consensus conference cited sev- 
eral biological effects of acupuncture 
that might account for its benefits. These 
include the release in the bruin and spinal 
cord of chemicals that subdue pain and 
transmit messages to nerves and 

Dr. Brian Berman treating a patient in Maryland for knee pain. 

muscle-*, us well as hormonal changes 
and increases in cerebral blood flow and 
immune function. 

Rather than viewing acupuncture as 
un "alternative" treatment, patients 
should regard if us complementary to 
standard medical practice, researchers 
and many practitioners at the meeting 

Before seeking treatments from an 
acupuncturist, patients should see a doc- 
tor to determine the diagnosis and weigh 

the standard therapeutic options. As one 
practitioner noted, treating pain of un- 
known origin with acupuncture can 
mask a serious underlying condition and 
delay the correct diagnosis and treat 
ment. sometimes with serious, even 
fatal, consequences. 

And note: Insist that any acupunc 
turist use sterile, disposable needle- 
This will avoid the most frequent risk oi 
acupuncture — transmission of an in 
Tedious disease tike hepatitis or AIDS. 

New Ways to Save Monuments 

By Steve Coates 

Ncn- York Tunes Sen-ice 

EW YORK — What if there 
was a way ro rescue decom- 
posed stone, particularly the 
marble and limestone that 
make up some of the world’s best-loved 
.monuments? Many of them, .tike the 
Parthenon, the Taj Mahal and even the 
Lincoln Memorial, have long been 
threatened by acid rain and other effects 
of airborne pollution. 

In fact, liquid chemical compounds 
that essentially glue weakened stone sur- 
faces together have been around for years. 
By many measures, these consoltdants 
are impressive, but they also have many 
drawbacks. So researchers in the United 
States and Europe are continually looking 
for ways to improve them. Some prom- 
ising work at Sandia National Labora- 
tories in Albuquerque, New Mexico, on 
ways to make consolidants adhere better 
to limestone and marble has recently re- 
ceived considerable attention. 

Meanwhile, other researchers are 
studying how consolidants work long 
term, a major area of concern. Last 
month, for example. Minnesota ap- 
proved a three- to- five- year study of the 
state capitol in St. Paul, an important 
Cass Gilbert edifice opened in 1905. 
where consolidants were applied to the 
magnificent marble dome in 1989. Glenn 
Boomazian, an architectural conservator 
with Integrated Conservation Resources, 
in New York, said the tests would be 
among the first lo involve extensive re- 
search specifically into the effects re- 
application might have on the stone. 

Modem consolidants were developed 
in the 1960s. spurred by the widespread 
damage to stone buildings in Venice in a 
decade of flooding. Since then, these 
chemicals have been used as a last-ditch 
defense against surface loss in a range of 
architectural and artistic restoration pro- 
jects, from the Washington Square Arch 

in New York to the medieval sculptures 
of the Church of Saint-Trophimc in 
Arles. France. 

"You're asking a person not only to 
glue stone back together and stabilize it 
for the next 50 years, but you’re telling 
rhem to do it so ibe stone still breathes,” 
Dr. Boomazian said. "It’s a .near im- 
possible feat, bur this material comes 
very close 1 to doing it.” 

But consolidants. which chemists and 
conservators say are still far from being a 
magic potion, have many limitations. 
They are toxic and difficult to apply. 
Their preservative effects, particularly 
on calcium carbonate stones — lime- 
stone and marble — are only temporary, 
and they permanently alter the nature of 
the stone. Most important, their long- 
term effects arc uncertain. For these rea- 
sons, their use is banned on the Ac- 
ropolis in Athens. 

The difficulties have led some ex pens 
to conclude that efforts should concen- 
trate on preventing damage rather than 
repairing it. Others say the problems 
make the effort to improve consolidants 
more pressing. 

ANY chemists and conser- 
vators expect a satisfactory 
consolidam for limes lone 
and marble lo remain elu- 
sive. ft is not so much a failure of sci- 
ence. they say. as an illustration of the 
immense complexity of stone and the 
processes of its deterioration. 

• "There are so many variables in stone 
deterioration that chaos theory really of- 
fers the only way to sec the imerreaction 
of them all.” said Dr. Victor Mossoni. a 
geochemist with the U.S. Geological 
Survey, in Menlo Park. California. 

For starters. Dr. Mossorti said that 
alarm over the acid damage from pol- 
lution had overshadowed a range of oth- 
er important problems. It has often been 
pointed out that rainwater is naturally 
slightly acidic, he said, but even if it 

were not, marble and limestone are sol- 
uble in pure water. Dr. Mossoui said that 
plain water, particularly flowing water, 
was probably the biggest single factor in 
architectural erosion. 

Water runoff also tends to deposit soot, 
fly ash. dust, bird droppings, and as- 
sociated biological growth in patterns 
over the surface of a building where it can 
in ram absorb moisture and keep it on the 
stone. In addition to dissolving the stone, 
that moisture can become pan of a freeze- 
thaw cycle that damages the surface and 
exposes ir to further penetration. 

Beyond the immediate problem of ad- 
hesion, the way consolidants function a.- 
a substitute binder is enough to suggest 
an array of things that could go wrong, 
said Kate Bums Ottavino, director of 
preservation at A. Ottavino Corp.. a con- 
servation and building company in 
Queens County. New York. Will’ they 
be equally as permeable as the binding 
they replace?” she asked. “Will they 
expand and contract at a comparable 
rate? Do they absorb the same amount of 
water"? How do micro-organii»ms react 
with them? Any of these ^factors could 
involve negative consequences." 

To march stone with the right con- 
solidant, tests are typically done on the 
stone before ir is consolidated ro mea- 
sure water, acid, and salt absorption: 
porosity; vapor transmission; and sol- 
ubility. It is particularly important ro test 
the depth of penerralion of a consolidam. 
which needs to infiltrate through the 
deteriorated layer to bind with heatih> 
stone. Otherwise, the consolidated sur- 
face is likely to delaminate, or peel awa> 
in sheers. Yet there are no established 
standards for applying the test results in 
choosing a consolidam or in deciding 
whether to use one at all, 

“It’s pretty much been up to the judg- 
ment of the individual conservator." 
said Dr. David Wessel, a conservator 
with the Architectural Resources Group, 
in San Francisco. 

Gene Variant Protects 
Against Lung Cancer 

WASHINGTON— About eight per- 
cent of Americans have a gene variant 
that protects them against lung cancer, 
even when they smoke, U.S. govern- 
ment researchers said Wednesday. 

They said the gene variant — one of 
several normal versions of the gene — 
reduces the risk of lung cancer by about 
54 percent among smokers. 

This could explain why a few people 
seem to be able to smoke with impunity, 
while many others succumb to lung can- 
cer. which doctors say is almost always 
linked with smoking. 

"This is a preliminary study — it 
requires confirmation in other data.” 
cautioned Dr. Stephanie London of the 
National Institute of Environmental 
Health Sciences, who wrote the report. 

Dr. London’s team said about 9.4 
percent of black Americans and 7.8 per- 
cent of whites who were studied had the 
gene variation. 

It affects a gene that controls pro- 
duction of an enzyme known as my- 

People with a mutation of the gene, 
known as A/A, seem to produce less of 
this enzyme. Dr. London's team report- 
ed in the journal Cancer Research. 

Most people have versions known as 
A/G or G/G, she said. 

Working with BioServe Biotechno- 
logy. they collected blood samples from 
people with and without lung cancer in 
Los Angeles County in California. Only 
about 5 percent of the 339 people who 
had lung cancer had the A/A gene, but S 
percent of the 703 people who did not 
have lung cancer had the A/A muta- 
tion. (Reiners) 

So That’s Why You Chose 
The Beerenauslese 

NEW YORK — Merchants take 
heed: A team of English psychologists 
has demonstrated that wine buyers 
listening to French accordion music tend 
to choose French wines, while custom- 
ers exposed to German beer-cellar tunes 
tend to buy German wines. 

The marked effect of national music 
on wine customers was reported in the 
current issue of the journal Nature by 
psychologists at the University of 
Leicester, England. 

A questionaire answered by 44 cus* 
rorners t about half the buyers) revealed a 
general preference for French wines. 
Despite this, however, German wines 
outsold French ones on days when Ger- 
man music was played, and French wine 
sold better when accompanied by easily 
identifiable French accordion music. 

Despite the clear statistical match be- 

tween types of music and wine salo. 
only six" of the 44 customers answered 
yes to a question asking: "Did the type 
of music playing influence your choice 
of wine?” (SXTi 

A More Effective Therapy 
For Breast Cancer Victims 

WASHINGTON — The risk of death 
after five years was reduced by more 
than a third for breast cancer patient? 
treated with both chemotherapy and 
tamoxifen, an anti-cstrogen drug, when 
compared to treatment with lamoxiier 
alone, a study found. 

In a study of more than 2.300 patient' 
who had undergone surgery for breav 
cancer, researchers compared the rate* 
of survival and of cancer spread anioni 
three groups that received different post 
surgical drug treatment. 

One group was treated with tamoxifei 
alone. Another group received tainox 
ifen, plus two chemotherapy drugs, me 
thotrexaie and fiuorouracil. The thin, 
group received all of the other drugs 
plus cyclophosphamide. 

When evaluating patients who de 
veloped tumors distant from the breast 
There was a reduction of 33 percent ii 
risk for women receiving the muftidru: 
treatments when compared to those wh> 
received tamoxifen alone. I ^ 

PAGE 12 


Wednesdays 4 P.M. } #1S M 

TUe 1,000 most boded Kational Motet seanttte 




r'( : 3 

15 Si 



Wednesdays 4 P.M. Close | $ ? 

The 1600 most traded slocks of the day, 

NafwiwicJe prices no} refledfug late trades elsewhere. 

The Assoeatad Press. 


Mercedes Benz S 500L Ruby Red 

Porsche 911 Carrera Arctic Silver 

Dubai Duty Free's Finest Surprise 

Your Opportunity to Win Luxury Cars at the 
World's Finest Duty Free 

DnbiiI)BtyFrEepioiMmoftfaefii^3«»prisecafpr(MnQCou,iio^m Us eighth year, offer yon a duke. 
Tkl^igaybepaixhasedibroDeortvohimycars-atDepartnmaDdArrivak. For tack car, tickets are 
priced at Dhs 56® / US$ 139 and limited to IW bonafide hndkn either departing from, fransitiiig 
through orarriring at Did» The di^ds^ and firing 

and each participant wfll be advised. Hie cars wiO be dripped to the winners' address free <£ charge. 


(Secies #705- Ticket #075S). 
Iraqi living in Dubai, UAE 
winner o fa BMW 850 QAL 



(Series# 706 -Ticfcd #07601 MAHESHBABU (Series #708 -Ticket #0052). 

Lebanese living in Jounteh, (Series ff707 - Ticket # 0923), British Grins in Riyadh. 

Lebanon, winner of a Poncbc Indian living in Dubai. UAE. Saurfi Arabia, winner rtf a BMW 

9H'Ourcra2 winner of a Mercedes Benz 850 OA 

S 500 L 


(Series #708 -Ticket #0052). 


For further information please call Dubai (9714) 244454 or Fax (9714 ) 244455 

ELF 46 


'Tit i < OTHflttnuML mt » | 




PAGE 1£ 

Merrill Lynch i Ann ltd Mill& 'F^un^ui farfiriarictef years to Ma&St\ 

Makes Deal I 

For Mercury 

$5-27 Billion Acquisition 
Aims for Global Reach 

By Conrad de AenUe 

Special to the Herald Tribune 



* i * 

t lit lit 

\ LONDON — Merrill Lynch & Co 
said Wednesday it would buy Mercury 
Asset Management Group PLC, one erf 
Europe’s largest fund managers in a 
deal that would raise Men#s global 
profile when worldwide scope is 
deemed increasingly vital to success. 

Merrill Lynch said it would pay £3.1 1 
billion ($5.27 billion) for Mercury 
which manages £104 billion in British 
and offshore mutual funds and corpo- 
ra tepension plans. 

The combined company would be die 
third- largest asset manager in the world, 
after Barclays Global Investors PLC 
and Fidelity Investments Inc. 

The deal, equal to £17 a share, values 
. ' Mercury at a 3 1.7 percent premium to its 
closing price Tuesday on the London 
Stock Exchange and more than 25 times 
the fund manager’s earnings. Mercury’s 
" shares closed 388 pence higher Wed- 
nesday, at £16.83. 

Merrill Lynch ’s shares closed on the 
New York Stock Exchange at $67.50, 
up $1.3125. 

The combination of Merrill’s mar- 
keting expertise and technology with 
Mercury’s strength in European retail- 
fund and pension- fund management “is 
a good fit on the surface," said Michael 
Lipper, chief executive of Lipper Ana- 
lytical Services Inc., a fund-research 
company. The price of the transaction, 
however, may be somewhat generous, 
analysts said. 

"Let’s say they're paying on the 
basis of future rather than past values." 
Mr. Lipper said. “They're betting that 
the acquisition can lead to Mercury get- 
ting higher revenues than they have 
achieved both in terms of asset growth 
and perhaps fees. If that presumption is 
accurate, then the amount they’re pay- 
ing is appropriate." 

The price might seem excessive un- 
”der other circumstances , said Matthew 
Czepliewicz, European banking analyst 
t j nat Salomon^ Brothers, but is reasonable - 

i ( 11 (l u (r ven the stren 8 lh of Mercur y’ s 

Tokyo Stocks Drop on a Flip-Flop 

Reversal on Tapping Savings Funds Leads to Biggest Drop Since 1995 

Source: BZW Asia Ltd. * in 1997 dollars. 


An Indian advertisement for Arvind’s jeans, which have helped lift profit 

An Indian Textile Mill 
Strikes Gold With Denim 

Arvind Sates Global and Local Hunger for Jeans 

By Miriam Jordan 

Special to the Herald Tribune 

’chise outside the United States. _ 
“The price at first looked a little bit 
rich, it looked like a knockout bid,” he 
said. “What Merrill does with this 
transaction is replicate in the invest- 
ment-management business what it did 
with the purchase of Smith New Court 
buy a top position in the U.K. market." 
Merrill Lynch bought the Smith New 
Court investment bank in 1 995. 

“Mercury knew it had a clear scarcity 

A HMED ARAD, India — 

When An and Pare kb began 
peddling denim in the United 
States and Europe a decade 
ago, he bowed to a demand by buyers 
that he keep any mention of India off the 
product and packaging. 

Today, “every roll of denim going 
anywhere in the world has Arvind and 
India stamped on it," said Mr. Parekh, 
president of the denim division of 
Arvind Mills Ltd., the world’s third- 
largest denim maker and the biggest 
outside the United States. 

In this dusty, steamy city, where cars 
•vie for space with donkey carts and stray 
bulls, -Arvind ’s. seaie-of-the-art factory 

chums .out denimLfoi Lee Apparel .Co. 

». and for retail 

and Levi Strauss & Co. 
giants such as Marks & Spencer PLC, 
J.C. Penney Co. and Gap Inc. The com- 
pany sells denim to clients in 70 coun- 
tries. In India, it introduced jeans to far- 
flung towns whose inhabitants had worn 
only traditional clothes. 

When many family business empires 
in India are being forced to reform or 

value,” Mr. Czepliewicz said. There is a 
)f a 

“limited pool of available players," he 
said, that would give foreign buyers a 
“leadership position” in the fund mar- 
kets of Britain and continental Europe. 

Mercury’s assets will make Merrill 
the largest provider of mutual funds in 
Britain. It will rank only 1 6th in Europe, 
with about $43 billion in assets, but its 
larger rivals are units of Continental 
banking conglomerates, mainly Swiss, 
German and French. 

A key benefit of the acquisition for 
Mercury, aside form the high price, is that 
the combination of the two asset bases 
and the extended geographical spread 
will allow it to lower costs and compete 
more effectively for new business. 

“There is a fairly clear trend toward 
globalization in the fund-management 
ausiness, as there is in the securities and 
- tankin g businesses," Mr. Czepliewicz 

One of die biggest changes in pension- 
Amd management in recent years is the 
shift from defined -benefit plans, in which 
utirees are paid based on tbeir final sal- 
ines, to defined-contribution plans, in 
which benefits are determined by rearms 


jn investments made during employees 

rareere. Defined-contribution plans are 
becoming the norm in the United Stares 
ind are gaining popularity elsewhere. 

“Mercury’s business is about to un- 
iereo a major change," Mr. Lipper said, 

•and the more they got into it, the more 
bey realized it was beyond their iecn- 
jological and marketing capabilities. 

die, Arvind is trying to reinvent itself as 
a world leader in textiles, starting with 

“It was one of the first Indian compar 
dies to react to change and thrive in a 
liberalized environment,” said Mohan 
KJL Swamy, senior analyst at BZW Asia 
Ltd. in Bombay. In the year dial ended in 
March, denim accounted for 65 percent 
of Arvind’s $241 million in sales, and the 
company is adding denim production 
capacity this year. The rest of its sales 
came from shut fabric and garments. 

“Arvind has mastered the highest 
technology and established a global 
reputation,” said Udo Hartmann of 
Gherzi Textile Organization, a consult- 
ing firm in Zurich. “Even if the denim 
business gets tough, they have a very 
good chance to succeed.’ ’ 

The company wants to duplicate its 
success in denim in other cotton 
products. It is investing $275 milli on in 
three factories to make fabric for shirts, 
knitwear and legwear. A foray into 
home furnishings and bed and bath 
products is next on the agenda. Down 
the road, the company wants to launch 
its own label of casual wear for export. 

“Our goal is global dominance in 
cotton textiles." said San jay Lalbhai, 
42, Arvind ’s managing director and the 
grandson of die company’s founder. 
“We want to be to textiles what Sony is 
to electronics.” 

During most of its 60-year business 

history, the Lalbhai family made saris, 
suits and shirt fabric for the Indian mar- 
ket. When low-cost power looms began 
ftnntrhing business from big mills in the 
1980s, Mr. Lalbhai realized the company 
was threatened with extinction. To sur- 
vive, he bet on denim, a fabric whose raw 
material, cotton, was plentiful in India, 
but whose market was entirely overseas. 

He brought in professional managers 
and today acknowledges that he might 
be the last family member to run the 
publicly traded company. Mr. Lalbhai 
also exploited India’s traditional 
strengths in textiles: low-cost, highly 
qualified labor and relatively inexpens- 
ive, high-grade cotton. His decision to 
invest in the best foreign technology 
also helped turn Arvind into a global 
player in less than a decade. 

...Thatdoes not meanits denim . 
easy sell Even in the late 1 980s there was 
a bias against Indian textile products. 

“I was thrown out of some compa- 
nies" who didn’t take Arvind seriously, 
Mr. Lalbhai said. “We had to fly in 
buyers to see our operations to convince 
them we could do iL” 

As Arvind’s denim production 
soared, it conquered more and bigger 
customers. Yet it could not ignore the 
fact that demand for jeans was leveling 
off in mature markets. Fortunately, In- 
dia threw open its economy in 1 991 , and 
the spread of satellite television helped 
generate demand for products associ- 
ated with the West. 

Arvind saw a golden opportunity 
forming in the budding domestic market 
for jeans. Today, the company sells four 
brands, priced between 57 and $30 a 
pair. Its best-selling label, Ruf & Tuf, 
caters to rural India, home to 70 percent 
of the country’s 950 million people. 
Before Ruf & Tuf was introduced in 
1995. most rural Indians had only seen 
jeans on television. 

It took some creativity to crack the 
rural market, where many Indians still 
prefer custom-tailored clothes. Rather 
than fight that mindset, Arvind con- 
ceived “ready-to-stitch” jeans. Ruf & 
Tuf jeans are sold as a kit: two legs, 
buttons, rivets, zipper, leather label and 
an instruction booklet for the neigh- 
borhood tailor. 

“It's an extremely innovative way to 
reach out to the rural consumer,” said 
Titoo Ahhiwalia, chairman of Org-Marg. 
a market-research firm in Bombay. 
“They were attuned to the culture.” 

StiD, some worry that even within the 
textile industry, Arvind may be trying 
too much too soon by expanding into 
three new lines simultaneously. In ad- 
dition, its plan to move to higher-valne 
products sold under Arvind 's brand will 
require marketing expertise that the 
company has not needed until now. 


Uross Rates 



Nov. 19 

. r (LH. M. u» OH W- SJF. la a P*ms 

* * asu MW — MSB* 1-JW UK*’ w* 

*22 slzn ura tHB‘ IUW — 02824 U4J- 

,52 MW Utt iW’UB USB- UB USD- 

728lSt 170 OUUl 13731 H5.UA UB» V3M 

*55 (us* utu tfflw mm turn- 1022 s — 

“ B ™ £55 vTus wua —s am om usu* uw MffJi UJB 

Uaa '■«* Mjtn W* »» _U0 IJ5M 3571 1A9 UtSB UM3 UAH 

tow York (Hi \% a l S - W am *«■ *2 

Ubid-Libor Rates 

Nov. is 






USWO 15516 3571 I** atxa i,w 

« Iff S3 - «g B S3 VS S3 25’ 
S S s •» !«:!£ SE- S& 

>-*» ^ tne 407175 I3TO MUST UUI UiSU 

! ™ JnM H wS Kn WH2 ,3<p a* 38 

U78I Ulu _ _ . . , b, other amtM New *Ot* aid 

Swiss Mwdl 

DoOor D-Morit Fnuc StMflng Fmnc Yen ECU 
iHTNMltti 5*W-SWs m-M» 7Y»-7ft» 3H-3VS VS- W 4VS-4W 

3-mooBl 5M-5M 3Wt>-3Vi 1W.-21A, 7T»- 7V» 3>Vi, . AVi ■*. 

6- month 5*-5%* 3V-M IH-3H 7Vm - W* V* ■ 3>VW VW-Vn 4VS-4W 

1-yoor SVt-6 2V*-2V* ou-ut 3tVs.4Va M-Vs 4M-4AA 

Sewces: ffeufffls Uoyas Bank. , , , t _ 

RoJbs appBcable to Interbank deposits of j; miUkm minimum (or «jo/vo(erttJ. 

Key Money Rates 

EGU ™ snM 3944 7MC 33012 Z«I ™ 

'M md Toronto tlrsfJf*- # W HO.: not aoolat HA.: not owfittfr 

o To tw a* pa"* * 

Jther Dollar Values 

JJ* |S5i iwai 

Sr* ® 

33m ^ mbs 

IB.BWWOI SZ215 Mo*W-nw 


Hi mw. irons 









3 JO 

5. Kor.woit 







499 JO 

: onvard Rates 

ym noon an *» 

... i MU3 1 Jffll JO|WWt f* 

1335 ;£» j-gS *“ 





12&A7 12S« 125^0 

I "I,. ■ mg 

1.7275 I-" 40 172 iar us5C&-BeKnQyTm*rfc}e 

onooa iTototvai: MV G-w- *■ 

Dtummt rets 

f CUfiH UXUo 

ISMbt CP deotert 
3-wontfi Tmawy MB 
I p tTbb wi MB 
2 *ax Treasury 

7-fW Treaswr nets 
30*fOT Tmwry Oeod 


Discs unt rets 
1-nsolh intstMk 
3-mwrft i st srbac ft 
S-oroaSt MsAstk 
10 -tsbM?w 1 bend 
LomflanJ rate 
TWMotti tatsrbisk 
34wtUti inkibsak 
AHBcntb teHftwak 
■ 19-y«arBund 






Bank bos* rate 









t-BWtti mWrtonX 





3-Moa Mocfonk 





mdoiiBi MMfcank 















Intenaifloa rate 










1 -flualti Interbank 





3-BtonHi fntetbis* 





6-owtih bitottook 



lO-yev OAT 















Smmm: Hear m Btoombsm UonUt 
Lracb Bonk at Takra-MIfsohiihL 
nsisiwa i fc Oust Lromaa. 




















♦ 180 


306 80 


+ 185 


30 7 JO 



US. dottvs per ounce. London official 

ibftvs Zwrtdt ana Non Ybflfc opening 

and cfosfag frices- New Vert 


Cmtfttrd b\ Oar SuffFreai Pugufc-An 

TOKYO — Japan's main stock index 
plunged 5 J percent Wednesday — its 
biggest drop in nearly three years — amid 
concern that the government was not 
ready to spend money to help financial 
institutions and stimulate the economy. 

Finance Minister Hiroshi Mitsuzuka 
told Parliament that the government 
would not use pension and postal sav- 
ings funds to prop up the economy. He 
spoke a day after Pnme Minister Ryu- 
taro Hashimoto said he was considering 
using the funds to rev up growth but then 
backtracked, according to Jiji Press. 

With domestic banks under enormous 
pressure at home and overseas, the gov- 
ernment’s flip-flops alarmed investors. 
The Japanese economy has stalled, bad 
loans are piling up as bankruptcies soar, 
and borrowing costs are rising. 

“The environment is hostile and dif- 
ficult and dangerous,” said Peter Whelp- 
ton, president of NarWest Gartxnore In- 
vestment Management Japan Ltd. 

The benchmark Nikkei 225 index fell 
884.1] points to finish at 15,842.46. It 
was the index’s biggest percentage de- 
cline since Jan. 23, 1995, six days after 
luake in Kobe. 

profit of 15.32 billion yen. Sanwa Bank 
intends to dispose of 750 billion yen in 
problem loans. 

Executives at the two banks said sep- 
arately that the decision to write off the 
loans was spurred by the introduction 
next April of a stricter banking super- 
vision system. 

Financial issues have led the stock 
market on a roller-coaster ride since 

Sanyo Securities Co. collapsed Nov. 3. 
Hokkaido Takushoku Bank Ltd. — one 

of Japan’s 10 nationwide full-service 
banks — said Monday that it was shut- 
ting because of its bad loans. 

Yamaichi Securities* shares 
plummeted 43 yen to 65 amid concern 
about the brokerage’s financial health. 

“After die failure of Sanyo Securities 
and Hokkaido Takushoku Bank, there 
has been much speculative selling of 
Yamaichi on concern over its financial 
health,” said Noriaki Shikineof Nichiei 
Securities Co. 

The banking indusuy’s troubles re- 
flea broader problems in Japan’s econ- 
omy and a potential crisis abroad that is 
expected to show up in the half-year 

earnings that large banks will release this 

The Japanese economy has been in 
the doldrums since the government 
raised the national sales tax to 5 percent 
from 3 percent in April. A slumping 
economy — coupled with a seven-year, 
70 percent slide in the property market 
— has increased bankruptcies and the 
risk that companies will default *ui their 
loans. Bankruptcies rose 15.3 percent in 
October against a year earlier. 

At the same time, man> Asian cur- 
rencies have plunged, and the financial 
industries of Thailand, Indonesia and 

other countries are in disarray, which 


will jeopardize at leasr some of the $265 
billion worth of loans Japanese banks 
have made to the rest of tne continent 
“It was getting interesting six months 

ago when everyone was saying, ‘We’re 
i of i 

seeing the light at the end of the tun- 
nel,’ r ’ said James Fiorilio of ING Bar- 

i leading commercial ] 
to the sector’s woes. Fuji Bank Ltd. and 
Sanwa Bank Ltd, announced Wednesday 
that they planned to post massive losses 
in the year ending in March to clear up a 
large part of their problem loans. 

But their decisions to take such bitter 
medicine drew only a cool response from 
international credit rating agencies. 

Moody's Investors Service Inc. said 
it had put Fuji Bank’s deposit ratings on 
review for a possible downgrade, while 
Standard & Poor’s Corp. placed Sanwa 
Bank's debt ratings on credit watch with 
negative implications. 

Fuji Bank said it expected a parent- 
company net loss of 440 billion yen 
($3.5 billion) in the full year after post- 
ing a net profit of 10.78 billion yen for 
the first half. The bank said it planned to 
dispose of 650 billion yen in problem 
loans this year. 

Sanwa Bank said it would post a 350 
billion yen net loss after a first-half 

Kanbm Kiyi/Apsa Fmc-Anr 

Spreading the Nikkei’s bad news. 

ing Securities (Japan) Ltd. “But we’re 
obviously noi seeing that light yet.” 

(Bloomberg, Reuters) 

■ Asian Stocks Plunge Anew 

Asian stocks tumbled, led by Japan’s 
plunge, as concerns mounted that the 
banered region's economic troubles 
were still growing. Bloomberg News 
reported. Benchmark indexes in Malay- 
sia and Indonesia fell to their lowest 
points in four years, while Hong Kong 
stocks declined for a second day amid 
concern over rising interest rates. 

Malaysian stocks sank, led by the 
electric utility Tenaga Nasional Bhd. and 
bank shares, as the ringgit weakened. 
The benchmark Composite Index fell 
1 8.60 points, or 2.99 percent, to 603.49. 
its lowest level since October 1993 and 
the sixth straight day of decline. 

Indonesia's benchmark index plunged 
4.3 percent as investors bailed out on 
concents that earnings would be crippled 
by debt burdens and an economic slump. 
The Jakarta Stock Exchange Composite 
Index fell 18.6 points to415.7. its lowest 
since Aug. 27. 1993. 

“Who’d want Indonesian companies 
with this much debt and questionable 
management, u'hen you can lose 30, 40 
percent in a day?’ * asked Jeff Pine, head 
of sales at W.I. Carr. 

Clean- Car Innovators Call It Quits 

Rosen Brothers Fail to Get Financial Backing to Start Production 

By Laurence Zuckerman 

Ne *■ York Tunes Sen-ice 

NEW YORK — After four years 
and $24 million, the brothers Ben and 
Harold Rosen, one a successful ven- 
ture capitalist and the other a cel- 
ebrated rocket scientist, are abandon- 
ing a quixotic quest to remake the 
automobile industry . 

The brothers said Tuesday that they 
were closing down Rosen Motors, a 
venture they founded in 1 993 to create 
a car that would run on conventional 
gasoline but would have virtually none 
of the pollutants and twice the fuel 
economy of today’s automobiles. 

Rosen Motors successfully road- 
tested its first vehicle last January and 
had since refined its design. But the 
Rosens decided to call it quits because 
they were unable to attract a major 
automaker that would provide the cash 
needed to transform the prototype into 
a commercial vehicle. 

“We always said that the marketing 

challenge would be the most diffi- 
cult,” Ben Rosen said Tuesday. “That 
was our Achilles’ heel.” 

Mr. Rosen said that a few of the 10 
carmakers he approached were inter- 
ested in an alliance,, but that none was 
willing to invest in Rosen Motors and 
commit to using its technology in fu- 
ture cars. “We weren’t interested in 
doing a deal with a company where 
this would be in research and devel- 
opment forever,” he said. 

One reason there was so little in- 
terest is that the world ’s carmakers are 
already spending considerable time 
and money developing alternatives to 
today's internal -combustion engine. 

Last month, six new such vehicles 
were announced at the Tokyo auto- 
mobile show, including a hybrid gas- 
oline and electric car from Toyota that 
gets 66 miles (106 kilometers) to the 
gallon and will go on sale in Japan next 
month, making it the first mass-pro- 
duced hybrid-electric vehicle. 

Ford, General Motors, Chrysler and 

others are workirg on designs that use 
fuel cells or batteries, or simply refine 
a conventional engine so that it is 
cleaner and more fuel-efficient. 

“Is this a big setback for the in- 
dustry?’’ said Sheila Lynch, executive 
director of the Northeast Alternative 
Vehicle Consortium, a government- 
supported nonprofit group that pro- 
motes the use of clean vehicles. “To 
be quite blunt, no.” 

But Rosen Motors, which is based 
in Woodland Hills, California, was 
certainly one of the most celebrated 
and daring attempts to dethrone the 
internal-combustion engine. 

llie Rosen design uses a small gas 
turbine engine, much like a miniature 
jet engine, to create electricity that 
drives motors attached to the axle of a 

A flywheel that spins as fast as 
60,000 revolutions per minute recov- 
ers energy as the car brakes, which can 
then be used to increase the car’s ac- 

Provisions for Risk 
Sap Profit at EBRD 


LONDON — The Euro- 
pean Bank for Reconstruction 
and Development said Wed- 
nesday it had used the bulk of 
its third-quarter profit to 
provide for risks from in- 
creasingly volatile East Euro- 
pean markets. 

The EBRD, set up in 1991 
to aid the transition from com- 
munism to free markets in 
Central and Eastern Europe, 
said provisions in die year 
ended Sept. 30 almost doubled 
from the previous year, to 
134.8 million European cur- 
rency units ($153.9 million). 

The bank's profit after pro- 
visions for the year rose to 
15.06 million Ecus from 2.16 
million Ecus in 1996. boosted 
by equity investments and 
tight cost controls. 

“We have used this oppor- 
tunity to take additional 
prudent measures to provide 
for evolving portfolio risks.” 
said Bart le Blanc. EBRD vice 
president for finance. “Devel- 
opments in emerging markets 
have made this approach all 
the more appropriate.” 

Mr. le Blanc said the 
EBRD's core lending and fi- 
nancing business and its 
Treasury operations continued 
to perform well in the third 
quarter. But the recent with- 
drawal of private capital from 
high-risk emerging markets 
worldwide would have a neg- 
ative impact on its business in 
the fourth quarter, he said. 

He estimated that fourth- 
quarter profit would be flal ar 
about 15 million Ecus. 

A large withdrawal of in- 
vestment capita] from South- 
east Asia earlier this year re- 
duced the global appetite for 
risky assets worldwide over 
the summer and die turbulence 
spilled over to Eastern Europe 
late last month. 

This has caused share val- 
ues to plummet across the re- 
gion. including in Russia, the 
Baltic states, Poland and Hun- 
gary. Borrowing costs soared. 

“I think what has happened 
is not something that will be 
retrieved over the next couple 
of weeks or months,” said 
Mr. le Blanc. 

Slocks Fall in Warsaw 

The Polish stock ex- 
change's WIG index fell 4.9 
percent to its lowest level this 
year, as the fallout from the 
Asian markets hit East Euro- 
pean bourses, news agencies 

“The market could rise to- 
morrow in reaction to the fall, 
but everything will depend on 
the situation on world stock 
exchanges,” Pioir Leszczuk 
of the Bank Slaski brokerage 

The main WIG index fell 
734.6 points to close at 

The Bucharest stock ex- 
change’s BET index of 10 
leading stocks closed down 
2.52 percent at 777.53 points, 
a record low, but traders were 

split over whether the 
fie deli 

ledgling market had been hit 
by declines on Asian bourses 
or domestic concerns. 

[Bloomberg, Reuters) 


Admiral’s Cup ‘‘Marees" Its special and 
exclusive automatic movement gives 
the time of the high and low tide and 
the strength of the current in relation 
to the phases of the moon. It also has a 
calendar, centre seconds and 24 hour 
supplementary dial. Patented. 


Maitres Artisans d’Horlagerie 


Rk- Inlanrmion wrue to Gonun. 2.501 La C/uux-dc-FbotK. SwffxcrfafW 


f AGE 14 



Investor’s America 

Bank Shares and Falling Bond Yields Push Stocks Up 

Bloomberg News 

NEW YORK — Stocks 
rose Wednesday as bank ami 
finance shares gained on ex- 
pectations for more mergers 
and falling interest rates. 

Mellon Bank and Metrill 
Lynch led gainers among 
banks and brokers amid high- 
profile takeovers in their re- 
spective industries. Seagate 
Technology dropped after 
warning of disappointing 

The Dow Jones industrial 

average closed 73.92 points 
higher at 7,724.74. The Stan- 
dard & Poor's 500-stock in- 
dex gained 6.36, to 944.59. 
The Nasdaq composite index, 
heavy with computer-related 
shares, gained 0.75 point to 
1,601.19 after trading lower 
most of the day. 

The bond market seemed to 
pay little attention to the hous- 
ing starts report, which 
showed that construction of 
new homes and apartments 
unexpectedly rose 1.4 percent 


Some a- Bloomberg, Reuters 

kawfln mi HcialdTrOraac 

Very briefly: 

• Total Renal Care Holdings Inc. will buy Renal Treat- 
ment Centers Inc. for about $1.3 billion in stock, almost 
doubling the size of one of the largest U.S. operators of 
dialysis centers. 

• US Airways Group Inc. will buy its Washington-New 
york-Bosron Shuttle, which is owned by a group of banks and 
in which the airline holds a minority stake, for $285 million. 

• General Electric Co.'s appliance division will cut about 275 
jobs in Louisville, Kentucky, by die end of the year. 

• Time Warner Intu, the second-largest cable operator in the 
Unites Stales, agreed to sell some cable systems in three 
Southern states to a partnership of Renaissance Media Part- 
ners LLC and Morgan Stanley Capital Partners as part of 
an effort to trim its $17 billion In debt. 

• Raytheon Co. plans to close 12 facilities and parts of eight 
others in a cost-cutting move associated with its $ 12.5 billion 
series of acquisitions, according to a company document. 
'•Texas Instruments Inc. agreed to buy Amati Commu- 
nications Corp. for $395 milli on, topping a bid from Westell 
Technologies Inc. 

• HFS Inc., which owns Avis Rent-a-Car and Ramada Inn, 
agreed to buy the tax preparer Jackson Hewitt Inc. for $480 
million, giving it another franchise to augment its push into 

{financial services. Bloomberg. Reuters. AP 


iDow Jones Markets to Cut 300 Jobs 

■ Bloomberg News 

■ NEW YORK — Dow 
;Jones & Co. said Wednesday 
it would cut as many as 300 
jobs in its Dow Jones Markets 
financial news and data unit as 
it scales back its plans to pump 
$650 million into the uniL 

; The company also plans to 

take a “very sizable" charge 
related to the job cuts at the 
unit, which has been a drag on 
die company’s earnings. Dow 
Jones has said it would con- 
sider selling the unit to focus 
on its profitable Wall Street 
Journal and community 
newspaper divisions. 



Electronic ‘Toys’ 
Grow Up Rapidly 

• By Paul Fioren 

Oaiemqrional Herald Tribune 

LAS VEGAS 1 — One indication of how quickly in- 
formation technology is advancing is the speed at which 
electronic gadgets evolve into serious business aids. The 
Comdex computer show is a showcase for many of 

As recently as two years ago, computer chips in hand- 
held devices could record only about five minutes of sound, 
nowhere near enough to compete with 
magnetic tape recorders. But now. Voice 
It Worldwide Inc. of Fort Collins, Col- 
orado. is exhibiting a palm-sized digital 
recorder that records 100 minutes of au- 
sjss Jet dio and comes with equipment to link it 
13 to a personal computer, voice It says the 

product, which sells for $299, will soon include voice- 
recognition software that automatically transcribes the tape 
into text using a word-processing program. 

In the same vein, CyberStuff Corp. of Richmond, 
Virginia, has developed a joystick, called CyberStick, 
that not only facilitates video-game skills but might serve 
as an aid to surgeons and engineers. 

The joystick, shaped like a pistol, is tethered to a 
computer by a light cable. U nlik e traditional sticks, which 
sit on a base and are manipulated by the user’s hands, the 
CyberStuff device responds to hand motions: Turn your 
wrist to the left, and die motion is transmitted to the 

For the game player, the $89 product is like grasping a 
real sword hilt instead of a joystick planted in a base, and the 
unit offers far greater sensitivity, the company says. As the 
technology advances and becomes more precise, it could be 
applied to help doctors perform delicate operations, ac- 
cording to die company, u might also be used to operate 
remote aircraft or spacecraft with greater precision. 

Full Circle Technologies Inc. of Burlington, Ontario, 
has developed a virtual watchdog called VirusWeb to 
protect the most critical parts of a computer's memory 
from virus infection. Vims Web is hardware, a card that is 
inserted into one of the computer's expansion slots to try 
to detect viruses before they can reach the computer. If a 
virus is found, the company says, the card halts all 
computer activity and blocks tire offending software from 
advancing into the computer. It sells for $59. 



Nov. 19, 1997 

I Hljfi LOW Luted CUSP Opw 

■ ■ ■ ■ 

• Grain* 

■corn tenon 

■5.000 bu rntamiB- cord per hiM 
■Dec W 77*u Ota 773a -a 1JS13* 

■MwW 2851* 387V 2831* -3* 131158 

iMOfM 29VA 288 ‘v 289 -He 35X31 
unit as 291'. m'ri -m o/ns 

■**98 Sto* 1 285 2851. -IV 4412 

■Dec 98 284 2B4Vi 285U -V 29471 

an -n is4 

CO idea 57.000 Tun sola* 55053 
•I lies opan to 37oXSQ. op 530 

•SO r BE Art ;4EAL<CB0T) 

■100 ten*- tkttm par ton 
.Dec 97 734* 220*0 23340 +1* 

Jan 98 22050 22400 727.40 *0.10 

■Mar 98 22X70 27150 72120 -OJD 

Main 22Q50 21870 21870 -1-30 

.Jut 98 23080 71940 21920 -150 

AiH 98 72050 21850 21050 -1-70 

■E4 sates wm Tun sates 2L9M 
.Tun apm Hit 121348 ofl 1,173 

High Low Latest O Jge OpM 

orange juice memo 

ISOOOBs.- arts per Bl 

Jan 98 8X75 7830 7850 -525 24487 

Mar 98 8400 82.70 82-70 -L0Q 11148 

M S 8850 85.90 85.90 -5JX 1391 
91.75 88.90 8190 -5270 U17 

Est. sOtes NA. Tun KriBs 4028 
Tun open Inf 44997. up MU 


















JO/m B»- cents par ti 
, Dec 97 75.95 2541 25.48 4148 

, Jan 98 24.10 2540 2558 -0.41 

W98 2420 2580 258* -037 

iVay 98 2418 2588 2600 -0J8 

JU148 »IS 25.90 25« 4130 

■Aug 98 5405 25-71 75.75 -025 

/Esl sates 21000 Tun sates2A502 
.Tues open mt 179.770 up l.t 37 


5000 bu mnurum- cols per bushel 
'Jon 18 721 714 715 ? 

liar » 77t 718 - 7|9\ -3 , 

Vm«S 733 712"; 73'. -4 

Jul 93 730 : 724'.: 725 ; -3 I 

AU3®S 723 : 770 720 -5 

EsJ -jtesa.CC0 Tws sates 49/03 
Tin 1 ', cren ini Us.SSE oft 16*3 


4000 bu ruTuwan- cents per basM 
Otr.9? 34F. 340 MB'* -S’.': 31.744 

MccM 340'- 354 354"? -6 Jl.STO 

4.10V 9a JW'i 347- : 342' • -54 7.319 

Jijia 373-: 34r; 3*3. -6 1*832 

■EsI utes 1 7.000 Tun sates 19491 
Tucs open ml I0I.09Q. up 757 


.40.00? n. . cents per la. 

OK 97 4787 4447 4470 4137 

Feb 93 4840 4810 4815 -035 

Ap9B 72.10 TI* 7185 -035 

JunW 7030 7005 7017 -012 

’tuT« 70 45 10 25 7035 -005 

CutTE 72.10 77 10 7710 4X75 

"Esl sates 1*105 Tun sales 14205 
‘ Toes open Ml HI MT. off 41 7 


















1.1 IT 


100 boy at- dams pee tap at 
Nov 9/ 30440 *240 

Dec 97 30820 30440 305.00 -140 

Jan 98 3 'ClOO 30550 30550 -140 

Fe»« 30950 30540 304J0 -1* 

Apr 98 31130 30740 30830 -173 

Jun« 31400 310* 31030 -2-70 

Aug 98 315* 31240 31240 -170 

00 96 31450 -2-70 

Dec 76 320* 314* 314* -270 

Eat sates 89*0 Tun sales 41872 
Tun open M 2143S1 ofl 4X97 


2SJB0 fcs.- cents per B>. 

NOT 97 84.10 BS50 SSJ0 -0 40 

Dec 97 8485 8550 85.90 -005 

Jot 96 8440 8430 8435 undL 

Feb 98 84.95 84* 8440 4410 

Mot 98 87.10 8630 8*35 uadi. 

Apr 96 8750 8490 B490 *0.15 

Muf 96 67.90 8725 6735 4.05 

Jan 96 88.20 8730 87* undL 

Jul 99 BE 70 8750 87* u(K)L 

Est sates 110* Tun sales 19354 
Ten span tat 49.994 up 1948 


5*0 bar oz.- cants per tiav m. 

NOT97 521**11.90 

Dec«’ 577 00 508* 521**11* 
Jan 98 53430 517* 524* .12* 

fA»98 53300 514* 528* .1110 

Va»9B 531* 519* 530* .1100 

Jul 98 51500 57400 532-70 *16-70 

Sep'S 534* 531* 53480*11* 

Dee W 539* 530* 537**11.70 

Est. sates 310* Tun sues 14768 

Toes open H 98554, up 161 


* bw «■- datan per borce 
Jan* 397* 39i* 393* *0* 
Apr 98 37200 387* 3B9* -0* 
Jul 98 372* 384* 384* -0* 

EsLsaiesM A Tun sfles IMS 
Tubs open wl 154 Luo 101 

Qose P 

Dolan per imMc ton 

Al lHW (Hten 

Spot 16I1J 

Found 1441 0 

Cower Comedos ( 

Spar 1(83* 




















42 *9 








High Loti Latest Qige OpM 

JunVB 94.13 94.10 94.12 +0JD 342.930 

Sap 98 9407 9404 9404 *002 264349 

Doc 98 93*9 9195 9397 .002 211044 

Mar 99 9309 9395 9197 .002 161442 

JOT 99 9195 9192 9394 .003 137.942 

Sap 99 9092 93* 9X91 .003 103371 

Dec 99 93* 9103 93* +Q03 68009 

Mar* 9317 93* 93* -*0* 72431 

Am* 93* 9182 9384 +0* 99022 

Eat soles N JL Tun sates 293999 
Toes Open M2. 793289, aN 24793 


mQQ S per pound 

Dec 97 14922 1*10 1 4883 -0*14 5P.W9 

Mo* W 14831 14770 1*10-00014 817 

Jot 98 14730-0*16 74 

EsL sdas KA Tun «des 4544 

Tun open bd 40001. up 401 


100.000 tMorstSperC*. dk 

Dec 97 J08B *67 *73-00011 67.342 

Mar* J112 Jl* .7105-00011 &197 

Jim 98 JI34 71* JI31-0JU1I 1018 

Est sates NX Tot's sates 5-05 
1M apai bit 7460S up 1.190 


125.000 mortis.* per mart 

Dec 97 -57T9 J747 4784-0*11 71JD4 

Mar 98 4615 5800 4813-0*11 3*0 

Jot 98 4839 4835 4839-0*11 24* 

Est vtes N A Tim sates 1X777 
Tkn open 1st 77.690. up 838 


124 mRten m S per 100 yen 

Dec 97 *65 *77 J918-OOOS8 I354SS 

Mar* *36 .7990 *32-0 0060 2.775 

Am 98 8143-0*62 322 

Est- sales NA Tun sates 10492 

Ton open *130461 oM 528 


123*0 francs. S per (iwk 

Dec 97 -7163 7123 7146+0*02 49.641 

Mot 98 7216 7189 .7211.0000! 1659 

Am 99 .7275 imUL 285 

Est sates NA Tuers sates 7,463 

Tun Open fed 51491, OR 184 


50CL000 pm^Tfr 1 DV DBO 

DK 97 11W0 J17B80 .11975**156 17*1 
Mar 98 .11 ns .11420 .11510**191 1H713 
Ju»98 .11110 .11010 .11110**177 1774 
E*L mdes NA TUn sdn USA 

Tun apep bit 34*5 off 157 












High Lorn Latest Qtge Opbd 

10008 an Mtfl 5 par mm Mo 
Dec 97 1010 2*0 2*5 -0.094 

Jot 98 *25 2460 LB715 41*4 

Fab 98 1790 2470 2470 -0*2 

MOT 98 2443 J470 24*0 

Apr 98 2-310 2-260 2778 -0018 

Mar* 2-230 1200 2200 21*8 

EsL sates NA Tim scOTs 44073 
Dm open bd 230276. up 475 


£«97 B *£i? P SSo JB* Midi. 
Jan 98 59* 1830 58.77 *006 

Feb 98 ».10 SB* 59.00 *004 

Mar 96 59JD 59.06 59* 030 

Apr 98 43* 41.90 42* *004 

May 98 6132 «!* 41-72 038 

Am 98 <1.10 +009 

Ad 98 4015 .009 

EsL sates HA Tun MdOT 24099 
Tun open W 94821 Ofl 983 


U A doABspar metrtc tan • iota at TOO tans 
Doe <77 179* 17735 177JS -135 24043 
AmlB 17075 17735 17735 —1-25 14234 
Feb 98 17735 176.75 17735 -035 I1JJ00 
Mar 98 175* 174* 17433 -035 4412 

Apr* 173* 17225 772* -O* 1400 

Mar 98 17035 17025 170* -025 2024 

Jan 98 170* 149* 149.75 -025 7,748 

EsI. sales: 21.205. Prar. rates : 181737 
Prat, open brtu 81395 up 1*1 


U A dulan par barrel - lots at 1*0 ba note 
Jan 98 19J0 19* 19.18 -004 64948 

Feb 98 1934 19.00 19.14 -007 44765 

Mar 98 19.1* 18.93 19* -OJ17 4343 

Apr 98 19* 18.93 18.96 -0* 4460 

May 98 1850 18* 1885 -0.10 5.784 

Am 98 18* 1864 1874 -0.10 10*5 

Est sates: 24332 Pm. sates : 32*6 
Pm. open M- 154415 up 1*6 


' lbs ■ «mh peril. 

Naiu; 7670 7640 7662 007 

Jon 98 W42 79.12 7937 017 

Mar 98 7965 7917 7947 0.10 

"April W.00 7947 7980 *810 

■Ms f 93 90 JO 8010 KUO -003 

dtaqfS 81.90 81* 81.90 -aio 

EsL sates 2.164 Tun tom 2*3 
‘Tan aprn bd 17.017. a0 123 

•40*0 13v ■ cents perm 
Oa-97 6142 62.90 6107 JUO 

-FebJB «») 42M 4235 -0* 

Ap.98 58.42 584? -865 

Juris 4435 45* 4547 4U7 

JulCS 4490 6445 4447 -032 

Est sates 4393 Tun sates 4846 
Tuos open Int 39*1, off 34s 


480* Srt.- ants per Bl 
3=eb9B 60* 59* 5942 -1.15 

JHarn 593S SB3S 5837 4190 

.MotIS 40.15 59.12 59.16 -822 

■EsI. sates 2315 Tunnies IA34 

-.Tun mm bd 8601, up 17 



rio metric tans- s par tan 

'Doc 97 15* 1S*0 1571 *8 7JHB 

•Mar 98 1612 1591 1404 *14 47,139 

•May 18 1639 1619 1633 *14 17319 

•Jut 98 1665 1649 laSS *14 4328 

•3*98 1675 1667 1675 *14 1411 

•Dec 98 1694 1686 1«M *14 9*9 

•EsL sates 4354 um 

■Tun op* W 94014 * MD2 


S»cW B ^«S , |5» !*i« *1J» 111* 

-MorlS TS83S 164* 157* +1* 1X079 

-Morn 153* UDM 153* *075 460 

Jul 98 14735 145* 144* +060 2A57 

;Sep9l 14235 141* 14235 *1130 1*6 

lEsLsdes WTO Tun rates 9,782 
.TunipudifttJl.PSflUB 310 


w is iiis as 

'San it* n* it* -am 21,11s 

'fet. sates 1X966 Tun «J«4774 
Ton open mt 20U99. a« 973 






IfiT fl 

IT’'/ ■ 

■ • a t a 

■ r 

f . 

H.i’Ti | 

kk. 7^ 1 '■ 


If 111 

1 1 


■ • -i. ■ 

B v «| 

Stock indexes 

Dec 97 951* 936* 947.70 -*5.10 370338 

41*98 96130 948* 95X60 *400 2X142 

Jot 98 962* unch. 4825 

EsL cates NA Tun sates 110018 

Tun open M 394679, eH 4477 


PP2W pot bull pubd 

Nor 97 2*070 274SJJ 2K&0 +7* 4X753 

Dec 97 28140 27740 2811 J +7* 22343 

Jan 98 27945 Z7S5j 3185 *-7 * LI 77 

Mar 98 28280 182110 28353 + 7* 14923 
Est. sates: 1108X 
OpM bdj 94761 up 918. 

6130* 6140 DO 

4225* 4230* 

Spot 564X00 565100 
Forward 5620* 5630* 

ZlRC(5»t<M HI* Grads) 

Spat 1148* 1149* 
ftrataftf 1191* 1192* 

6000* 60*0* 

6125* 6130* 

<9(100 5585* 
5640* 5545* 

113519 113416 
1163* 1164* 

High Lew Ouse Oipa Opbd 



11 mated- p» of 100 pd 

D*C 97 9493 9490 94.93 *001 5,214 
Mir 98 9504 9504 +007 5*8 

Am 98 95* +002 540 

Sep 98 WW +031 23 

EsL sdes NA Tun trios 624 
Tun OPM bit 11.4Q& up 246 


SIMON prtn. pb &64DB o( l*pa 
0*97 WHS 108-12 WW1 ■+ *214485 
EsL sates 46.921 Tun sates 41338 
Um opan bit 245*a up L405 


SHOO* prtn- ph &32nds of 1* ptf 
Dee 97 m« 111-21 111-29 -+07 344441 
Mot 98 111-34 111-13 111-21 4-07 57*4 

.Am* 111-18 -07 113 

EsL sates 12X500 TUn Mks TI4359 
Tun open int 402341, up 1350 

(8pd-*HKU*»pts A 33n& of 1* pel) 

Dec97 m-M 118-22 119-11 +17 554419 

Mot 98 119* 118-18 119-04 + 17 154387 

JOT* 118-28 118-18 118-29 + 17 11990 

5*18 118-14 * 18 1007 

Est. sates 47X000 Tan sates 384 934 
Tun spun bit 72M1 off 11316 



Dec 97 rUJff 9405 9406 +B01 21771 

JOB* 9439 9437 9438 +.001 4764 

MR 9436 9A26 91436 unClL 1215 

EsL sates NA TUn SMot I486 

Urn open bd SUM up 297 


Dec 97 ""^*414 W 94.15 *001 44U* 

FS898 9419 94.11 94.18 *001 371 

Mar 98 94.19 9d.ld 9417 *001 430577 








Tan open bd 87,951, off 1.621 


<2*0 got arts par gal 
Dec 97 5705 54* 56.75 -0* 

JOT 98 5830 5730 57* -0* 

Ml* 5830 57* 57* -063 

MorlS 5705 56A5 5430 -0* 

Aw 90 56* 55* 5165 +0X3 

M07» 5459 3435 500 -0.10 

Jim 98 5405 5365 5145 -040 

Eat solao N A Urn sates 24J71 
Tun open M 127,787, op 1,263 

Dec 77 2009 19 JO 19J2 -032 4L4* 

Jon 98 2034 2005 3014 -0.15 108A43 

Feb 98 2043 20.15 3027 -0* 4X973 

Mpr 99 20* 20.16 20* -0X2 2*5* 

' r9B 3033 3015 2025 uadu 1*906 

f 98 2033 2010 30Z1 +0* 3037) 

EsL selw NA um totes 107,359 
Ton open bd 410109, up LS27 

Commodity Indexes 

Oat Previous 
Moody's L514J0 1^71X0 

Rent™ 1,814* 1X12* 

DJ.Futuraa 1*5^2 14X33 

CRB 239.42 241X3 

.Scarce* MaM Amdahd Press. London 
Inti Financial Fvtvm Extmob Iren 
Petroleum Bubanga. 

Apr 91 

To Our Readers 

Due to techn ical p roblems 
at die source, LIFFE Futures 
were not available. 

Do you live in Austria, 
Belgium, Luxembourg 
or Sweden? 

Austria 01891363830 
Belgium 0800 17538 ftoU-M 
Luxembourg 0800 2703 (toll-free) 
Sweden 020 797039 (tottfree). 



to 1^3 million units in Oc- 
tober on a seasonally adjusted 
basis. U.S. bond prices rose 
and yields foil to the lowest in 
21 months after a plunge in 
Japanese stocks rekindled 
buying of Treasury securities. 

“It’s safe-haibor invest- 
ing,” said Alan Day of 


Stratevest Group in Burling- 
ton, Vermont. "Foreign in- 
vestors keep dumping money 
into the bond market.” 

Falling braid yields helped 
give a boost to stocks. The 
price on the benchmark 30- 
year Treasury bond rose 17/32 
to 101 8/32, taking the yield 
down four basis points to 6.03 

“We’re in a bull market,” 
said Michael Wolf, a manager 

at American Express Asset 
Management Group Inc. in 
Minneapolis. “I don’t think 
inflation is going to be a prob- 
lem.” Recent events in Asia 
are “probably accentuating 
that,” he said. 

The worst performers 
among big stocks included 
companies that benefit from a 
strong global economy, such 
as auto and steel stocks. The 

other slumping groups — 
computers and oil-field ser- 
vice and equipment stocks — 
were some of tire, best per- 
formers this year, so investors 
may be selling them in favor 
of stocks that should do beoer 
in a more subdued 

“Demand is still very 
strong,” said Eric Wiegand, 
of First Union Corp.’s capital 
management group in Phil- 
adelphia. “I don’t think the 

individual investor has been 

U.S. equity mutual funds 
took in an estimated $5.3 bil- 
lion in the two days ended 
Monday, according toMutual 
Fund Trim Tabs, which cracks 
fund flows. 

CoreS tales Financial foil 1 
to 78 after gaining Tuesday 
on news the Philadelphia 
banking company had agreed 
to be acquired by First Union 
for more than $16 billion in 
stock, die biggest U.S. bank 
takeover ever. First Union fell 

Mellon Bank, which last 
month offered to buy Core- 
States Financial and was re- 
buffed, rose 2% to 5514 on 
speculation it may be a 
takeover candidate. 

■ Among other regional 
banks, Fleet Financial Group, 

Wachovia and PNC Bank 
climbed. , ,,, _ 

Seagate declined 1^ 10 
22 13/16 after the computer- 
disk-drive maker said earn- 
ings for its second quarter 
tending Jan. 2 would be less 
than analysts’ expectations 
because of weak demand for 
high-end drives and steep 
price declines. Seagate’s stock 
is down 38 percent this year. 

International Home Foods, 
the maker of Chef Boyardee 
pKhi< and Bumble Bee t una, 
rose 2J6 to 2256 after going 
public, selling 13.6 million 
shares. BMC Industries 
plunged 13&, or 43 percent, 
to I'm after the company said 
fourth-quarter earnings 

would be less than forecast as 
it sold fewer components 
used for television screens. 

(Bloomberg. AP) p 

Yen Falls in Wake of Nikkei’s Plunge 

Bloomberg News 

NEW YORK — The dollar gained 
against the yen and most other major 
currencies Wednesday as diminished 
hopes that Japan would bail out its banks 
sent Tokyo stocks into a tailspin. 

Japan’s benchmark Nikkei 225 index 
fell 53 percent, its biggest one-day drop 
in almost three years, after Finance Min- 
ister Hiroshi Mitsuzuka dashed spec- 
ulation that the government woula use 
public money to prop up the nation’s 
beleaguered banks. 

“Japan’s unwillingness to take on the 
responsibility for its banks was the. nail 
in the coffin for the Nikkei,” said Bob 

Savage, a trader at T oilman Brothers. 

The dollar rose to 126.925 yen in 4 
PM. trading from 126.135 yen Tuesday. 

The U.S. currency could rise as high 
as 130 yen in the next two weeks, said 
Jeffrey Yu, a trader at Sanwa Bank. 

“It looks like die government is* re- 


1 actant to proride leadership and incent- 
ive on helping banks,” Mr. Yu said. 
“That’s why ti 

The dollar also climbed to 1.7323 
Deutsche marks from 1.7290 DM as ie- 

y the dollar is up at these 

pom showed slowing money-supply 
growth and ebbing business confidence 
in Germany, queuing speculation that 
German interest rates mi gh t soon head 
higher. Growth in the M-3 money supply, 

the main gauge of inflationary pressure, 

slowed to an annualized 5.1 percent in 
October from 52 percent in September. 

On Tuesday, Bundesbank officials 
gave conflicting signals on whether they 
might raise interest rates soon. 

In other trading, the pound was un- 
changed at $1.6910. The dollar fell to’ 
1.4038 Swiss francs from 1.4053 francs 
but rose to 5.7980 French francs from 
5.7922 francs. . - 



Wednesday's 4 PJUL Close 

Hie 300 most turfed stocks of the day, 
up 1o the doshg on Wul Street 
The Assod&d Press. 

Safci M0 Lor Idol Olft 

Sola H10 Lott Lteaf Dtp 

- wfci ONIY BE WORN BY EXC ‘‘ 

h : ". *■ fst c 

-i _ ^ v * •». t i,-. . 

f-.c-.s,..' ■’ -, ■■ 

. _ * ■ , r - -? - f - 

I ' 

Seta H* Lot Lteeri Oge 




i f { 


Steel rate Leu Lead Ogi 

Lae LOTS Ope 

Seta Ugh Lot Mete OW 


Dow- Jones 


Most Actives 











M|6 Lot Oom 49J4. 

1107X41096X51096X9 1102X0 
668.14 659.11 659.11 65456 
21235 210l44 211.16 212X7 
111J6 11035 11044 112)7 
947X5 937X3 93833 94459 
908X7 877X1 89090 906X5 

J85 iiS 

4«JK *Mj01 lUM -EU 
31337 309.14 31237 +1* 
4S447 461X5 45746 +549 

HOT lav lot Ora. 

1TOA3 1919. 

i^S r 


-1 *u 

nSOi + 13 * 

10634* -J4J« 

1IM 1l» 
.64 AAb 

m i m 

63417 163H 
43437 S 2M* 

.58715 4W» 

43075 JWl 
40410 47+* 

3Wg 45Yk SM 
39108 508 4914 








671J9 64639 

Dow Jones Bond 

20 Bonds 

io in. 

104X9 +0X7 
1Q252 +0X5 
106X6 -022 


|| ts 

15 J35 ^ 

JfV* 261* .JW 

Trading Activity 











£ 35 ? 


BSlSS 1 - 

Hera pot* 

i4« mo 

'6 .1 
41 i“ 

Market Sates 




IN* Pie*. 











40B ^1,^ 

541X1 62235 


.501X9 575X1 


Conpaar 1 

Per Amt R*c Pay 


Par Amt Roc Pay 

ArabraeBPnpar _ 144 12-2 12-17 

OnsaMonbad . -396513-15 12-31 

ErwibII _ _ C JO 12-1 1-15 

o- payobto hi cash or slodi. 

Grove Property d X92 11-21 1-16 

d- short dMoenL 

MartneF«Jpl - X509 11-30 12-29 

NaUAuetrnSaBk b 17011-26 12-26 

CFS8 Bancorp 3 for2sp«. 

CPClrtU sranafComProriudslnntor 
•oeti 4 itioffia of CPC Inll hold. 

VBoge Bnq> 2 fer 1 Bp8L 


CMzoraUlfl. - 1% 12-1 12-31 

PodflcCop Bnq> _ 5 % 12-1 12-19 


Alula Bancorp 



X6 11-25 12-11 
X35 12-18 1-2 

.271 12-10 1-2 

X6 12-3 12-19 
36 12-3 1Z-23 
XO 12-5 1-1 

£ 1 12-15 12-M 
2812-31 M2 

LOTEnte^rtee Q M 12-1 i-2 

NJ Reuureas Q 41 12-15 M 

Raymond Jrunn Q X 91W7 1-6 

Roynrftfa &ReyA. Q .0912-19 1-13 

Sycocnt BkfngA g ^ 12-18 |-2 

Sttrrrsf BDohra Q JO 12-1 12-16 

Stomp* TrRlty 0 4612-15 


w&szzs : sna 


MerlfarAuto , .105 1 1-24 19.1s 

PtenadaBncshliK - .10 13 J 


Q(B Fteld NY . -» 11-28 12-10 

MmrrmstBk „ -OS 11-2B 12-15 


CPC Ifltf Q jj i_o 1 <u 



Slock Tables Explained 

SatetflBWM onoWWaL Y*arty Wgh* ond krws refled 1)» pirrioiu 52 wueta olu* 

pOTCMTorimn nasnan pan ine ynn npHow ronpe and dtefriend are shownfOTUM iim 

»»ocJa only. UntaaOmwis* notad, iotas ordMdemb ore annual dtebunementg baiedM 
ttw latest cfedorotton. 

a - tfehtend also extra (a), k • annual ml* of dMrinid ptofi slodi dMdgnd. c - Uanirara^ 

dMdesl. cc> PE esxeds 9943d -caBtaLri-im yearly IomliM- I on la Ih* last 

• - dMdend dedared or paid k pwcwUnp 12 rnomtu. f - aimuai ran hcrem«»«itI5 
dadomBoftf-dteWendlnConodtan ftmdG8UU|ecMpl3%noiHWkl*negfm»r^|!y i ”| 

dodorad after milt-up or stock dMdend. | -dMdand pa Id this year, om)1t*(lc)*fBf»cLD+M 

aefion taton .of hrtoit AMend metiUig. k - Ovfdmd dgdorad or Hold 

acamwloIlM fssua wUi diMenite In amors, a - gmua! ran radoced on last 

n - now W* to pn« S2 iiHks. Tt» WgWwr nmpe begins vffih n» stoitor?^l' 

in - rwtf riw«i»ry. p - miiw dMo^ onnuoi iute imtamm. p/E . pricoraonSim?^' 
a-dond-anOinviuo)fumLr-dMd«iddtdandoi , paldbipreo«fingi 2 rrnri^ l o£^^ 

dMd*r?d. * - teoek xpUJ. DWOTdb^wWidat.rfspfltrti-soles.t-^^fS^* 

6»dt rn iwwlkifl 12 mourns, esIftrnM catll value art ta-cMdend 

u- newyooriy WgH-*-fradlng halted. N- In bankruptcy or racdniship orbetng moraloKS 

undertfteBonlm^Aa or wwflWoswmrt avouch companies, era-when^^r^ 1 

wi - whan teoed/ WW - wWl warrants, x - B-dhldend « ejwtahtj. nils . 

- wfmoutiteariwts-y- OTdhridwtf OT^tatalnfulLidd -yfcnz-sal« Umoil Wtan ’ 


it ii ! 



tit* ttSjO 

U **H 

xj.ei.'i'Z. -. >.^_..-i, 

%,). > 



^ Paris Checks Math 
Arid Slices Deficit 

Revenue Revision Nears Euro Limit 

ys Economy on Track 

" f Hkvup| 

PARIS — Hu government 
revised its 1507 budget Wed- 
nesday in a move that min- 
isters said would ensure that 
the deficitthis year would fall 
to 3.1 pqrceatof national out- 
put, taking France closer to 
the qualification level for the 
European angle currency. 

The budgetary revision win 
reduce the central govern- 
ment's deficit target for this 
year to. 270.7 billion francs 
($46.8 billion), 14.1 billion 
francs less than in die ori ginal 
budget. Budget Minister 
Christian Sautter said. The 
deficit last year was 295.4 bil- 

‘ is the main component of the 
national budget, which also 
includes local-government 
and social-security spending. 

The revision manages to 
lower the deficit target without 
substantially reducing spend- 
ing or raising taxes. Instead, 
the government raised its fore- 
cast of revenue from exis ting 
taxes this year and levied one- 
time charges on state-owned 
companies. Combined, these 
measures accounted for a net 
133 biflipn francs. 

1 ‘You cannot point the fin- 
ger and accuse them of ma- 
nipulation, but it is startlingly 
convenient.” said Sonja 
Gibbs, an economist at 
Nomura International. “The 
most charitable interpretation 

is that it’s a typical tax re- 
esumate at this time of the 
ycar.whkhfiai iBMifi y /wnys 
out better than expected.” 

Paris needs to get fee na- 
tional deficit close to 3.0 per- 
cent of gross domestic product 
to qualify to join the currency, 
die euro, at its scheduled in- 
troduction in January 1999. 
The government has «»d it 
will trim a further 0.1 per- 
centage point from fee deficit 
next year to read* thegoaL 
The revised budget ensures ' 
that France “will be abso- 
lutely on track to join the 
■ euro, which wasn’t the case in 
Jufy,” Mr. Sautter said. 

the move also will 
"‘soothe the tension that's 
been fermenting between 
France and Germany,” Ms. 
Gibbs said. “The closer 

.J- By Tom Bueride 

' ■- IniarrunumanrteTahiTiibime 

GABORONE, Botswana — Pres- 
ident Robert Mugabe of Zimbabwe on 
Wednesday defended Ids govern- 
ment^ decision to pay large amounts 
of compensation no .veterans of the 
cQuogjrs fight for black rule, saying 
iheipeeat move would nos derail- its 
econgi^refbnn efforts and should 
foreign investors. 

Th^^imments by Mr. Mugabe came 
as ^kilbabwe encountered its worst eco- 
iKwnc (fifficolties in years. Fears about 
a mushrooming budget deficit and the 
suspension in July of balance-ofjpny- 
TTw-nta loans from the International 
Monetary Fund caused the Zimbabwe 
dollar in tumble last week, prompting 
the irovemnaeait to impose stiff foreagn- 

has to complain about,” 
Financial markets had little 
response to the revision, de- 
tails of which already hari 
been leaked. The government 
said 9.6 billion francs would 
come from tax revenue not 
foreseen in its September 
budget and 3.7 InDion franca 
would - come from state- 
owned companies, including 
2 billion francs from the fi- 
nancial institution Caisse des 
Depots. There will be 800 
million francs in addiriAnat 
savings, it said. 

( Bloomberg , Reuters) 

exchange controls Tuesday. 

The situation has raised concerns that 
Southern Africa could be caught up in 
the Recent financial xnaels&om eman- 
ating^om Soutixsux Asia just as the 
region was beginning to sec its best 
ecopq^c growth in decatfes. The cona- 
triesrof-fhe -Soath&m African Devd- 
ppmem Community bad growth aver- 
agxbg'4 percent in 1996, and political 
leaders are hoping to translate the re-. 

gjou’s hew peace and political stability 
into sustainable development 

Mr. Mugabe said the veterans* pay- 
ments were an essential act of social 
justice that would- help alleviate 
poverty among some 60,000 former 

soldiers who fought to topple Zim- 
babwe’s white-minority government in 
the 1970s, He said the country would 
finance the one-time payment of about 
4 J5 bfltipn Zimbabwe dollars ($352.9 
million) oat of its own resources and 
told foreign investors .they should not 
be concerned. 

The funds “won't cotne from in- 
vestment capital,’* he said at a con- 
ference on Southern African trade and 

investment here, organized by the In- 
ternational Herald Tribune. 

In Harare on Tuesday, Finance Min- 
ister Herbert Mnrarwa of Zimbabwe 
unveiled an emergency austerity pack- 
age of spending cats, tax increases and 
foreign-eatchange controls. The pack- 
age was intended to finance the vet- 
erans* payments, stabilize the Zimb- 
abwe dollar and persuade the IMF to 
resume the balanti-of-payments loans. 

. frjvaSjUnclear whether the measures 
would reassure investors, however. 
Many economists say the government 
can ill afford the payments with the 

budget deficit already soaring. 
Moreover, a decision announced Tues- 
day requiring companies to close about 
$160 million of foreign-currency ac- 
counts worried many executives, who 
said the accounts were vital to financ- 
ing trade and encouraging investment 
The move requires companies to sell 
their dollars, rand and other foreign 

“It will make investors who are 
seeking export earnings think twice, 1 ’ 
said Bernard. Tafa. executive director 
of Chibuka Regional Investments, a 
Mozambique brewing company. 

Justifying the move, Mr. Murerwa 
said companies had been abasing the 
accounts to speculate against the local 
currency rather than to finance genuine 
business transactions. “This is a time 
for nation-building, not speculation on 
the currency,” he said. 

Mr. Murerwa’s austerity package, 
designed to reduce the deficit by 3.8 
billion dollars this year, also included a 
freeze on 1.1 billion dollars of spend- 
ing, stepped-up tax-collection efforts 
aim a strong hint of new tax in- 
creases. *' . 

On Wednesday, the dollar traded at 
12.75 to the U.S. dollar, c ompare d with 
a range of H to 12 before Friday. 

Czech Cabinet Authorizes Sale 
Of Strategic Stakes in 3 Banks 

<ZmvSi£i>rOirS*tKnXB Dbpmdm 

ROME — Total SA of 
France, British Petroleum 
FLC and Agip SpA of Italy 
are among seven companies 
that have signed an oil-explo- 
ration accord with Kazakh- 
stan, Agip’s parent company, 


PRAGUE — The Czech 
government ended years of 
speculation Wednesday by 
approving a plan to complete 
the privatization of three of 
the country’s largest banks. 

The Finance Ministry plan 
calls first for the sale of stra- 
tegic stakes in each bank to 
foreign investors through 
tenders. Finance Minister 
Ivan Pilip said after a cabinet 

He raid that 51 percent of 

the trade bank Ceskoslov- 
enska Obchodni Banka, 34 
percent of the largest com- 
mercial h ank, Komercni 
Banka, and 34 percent of the 
largest retail ravings bank, 
Ceska Sporitelna, would be 
sold first Each stake would 
be sold to single buyers. 

Mr. Pilip said separate ad- 
visers would be chosen for 
each tender, with conditions 
to be set by February. The 
r emaining state share of the 
banka would be sold laser. 

ENI SpA, said Wednesday. 

ENl said the seven compa- 
nies — the others were Royal 
Duteh/Shell Group, BG FLC 
of Britain, StatoH ATS of Nor- 
way and Mobil Coip. — 
would each have a 143 per- 
cent stake in the new venture. 

The accord covers a 6,000- 
square-kilometer (2316- 
sqaare-mile) , tract in the 
northern Caspian Sea and in- 
cludes what could be the 
biggest field in Kazakhstan, 
ENl said. 

ENl said the offshore fields 
could require investments of 
more than $20 billion. A 
spokesman for BG declined 
to speculate on the possible 

investment level required, 
saying exploration had not 
yet started. Mobil has said the 
first well is planned for 

ENI also said it was taking 
a 323 percent stake in a con- 
sortium set up to develop 
Kazakhstan ’s Karachaganak 

fields along with BG PLO. 
Agip said investment in that 
field alone could reach $7 bil- 
lion over the 40-year lifetime 
of the project Texaco Inc. is 
to have a 20 percent stake in 
the Karachaganak operation, 
and AO Lukoil Holding will 
have 15 percent 

Holzmann and Hochtief 
TeamUpinlLS. and Austria 

Bloomberg News . 

FRANKFURT — Philipp Holzmann AG and Hochtief 
AG, Germany’s two largest construction companies, said 
Wednesday they had agreed to join forces in the United 
States and Austria as they face objections to closer 

cooperation in Germany. 
Hochtief will take a 4! 

s Inc., an 

U3. operations, J.A. Jones Inc., and wall take control of 
Hochtief’s Austrian unit and its construction software 
units. Regulators rejected Hochtief’s proposal to pool its 
shares in Holzmann with those of Deutsche Bank AG. 

The two energy deals be- 
tween Kazakhstan and the 
foreign ofl companies seem to 
have put a seal on the former 
Soviet republic’s emergence 
as cme of the world’s new 
energy giants. 

(Reuters, Bloomberg) 

■ A Fact With Libya 

ENI expects to conclude an 
accord with Libya in the next 
two to three months that 
would allow Libyan gas to be 
exported to Italy, Bloomberg 
News reported, quoting 
ENTs managing director, 
Franco Bemabe. 

The accord, due to be 
signed with Libya’s state oil 
corporation, NOC, would not 
be implemented until U.S.- 
sponsored sanctions against 
investing in Libya were lifted, 
ENI said. It envisions con- 
struction of a pipeline con- 
necting the Libyan coastline 
to Gela, Sicily. 


.* ►, v ; Arrnv 

- n ’ . pnwnnwrcnrmctts. o«*TaHna. . 34-4 30s x** M9S 

- ToMuts DmdMTBank- 49-SO am mm 68 

, _ ,’jp . - - , _ . f. 6m FTtranto* 289 287 JB7 387 

• ’ a “* Prm - FmmhMMad msa m lie m 

RM.KRM) 36X50 M 3SL50 364 

_ _ _ Gai* 90 8W0 19-50 90 

* ' Amsterdam aexmkoui iwMbaTM -w ui «m 

^ naftOKSiOMI HmfctipM 10MD W7 107 107.10 

ABN-AMR0 »40 38® 39 39J0 {j^f > JZ 49?S 6x1 

Aegon • • - IMJ» Mia mao im {£23 . . • m me »s 

uSo 51 50.10 5050 5M J£5S 00’ 313 590 m 

AtaoHcW Ml® 3380 3»J0 3050 gKSw -yog- 7 S 

Boon Co. 1*» 13159 132® 136® Kffi Wffl IE' IMS 

BobMncn voi in fim mat >■?!* _ —— - 

aST«ta>e» ij3o~® tSU>R » ® "® »» "a 

iSjo S im® B S’ “^2 

sm 5*3 m m 

78 J 0 74 SI USD 1*30 
MS MOD 1027 - 1015 

D 5 M 

. ForttiAm* 



178 iw 5 ni KSSSSKw m bS 3 «o sm 

** jaw 3o» K w#,cW, 74 5 ^ wn z§o 

82 eOJO 8020 81 JO f/njorti RueckR 55 Z 531 BL 58 ' SS 5 

<8 70.TO 68J0 S S iM 

?«ja 58 

SO 50 J 0 

51 5140 
85 86.SS 
328 m 3U 

. 89X0 OSj _ 

- Hmfnwgtai sojo mm 79 J 0 

■uf> — VnA II ra tl Cn 

INS Gram 



0.10 113) £1-50 mo SSnirUral) 
69 68.10 6850 49J0 suSndiir 

•45 44 i4 45 SSS™ 

50J0 mM -®31 St90 ySS 

SB 57 JO 57.58 SOM XtT 

,01 198 19953 1B3JO . 

l*iea itc xr H 7 UA/n * 

467 461 465 472 

79.18 7 M 0 78 » 7950 
494 J 0 49 U 5 49250 AS 
14840 145 167-70 16840 

221 21830 220 22540 

3 AJ 9940 9950 10090 
133 1355 133 . 1340 , 
BIS 873 885 

411 406 j» MSB « 3 S 
10 U 0 10035 10045 99 JO 
585 585 » MO 

mjm m 885J0 m 

91950 91050 912 902 

Mgd Lew . ant . l*mr. 

SABMMrtra UI 4 B 11*40 22048 72140 . 

L Sanaicor 29 29; 29 4©50. 

'Seed r . SM. 5640 56JB- 

smc - 2 i«T 2 w - m -m- 

MlggrOd^: 'W& r - 4 %. <4 -“ 80 ? 

Kuala Lumpur 

AMMBHdgt 444 328 

GanHng ■ 9 js 8.98 

MdBonMig 11 JO 1050 
MdMSfF 535 456 

Got &§» MS 

JM A3S. 

112 2D2 

230 158 

5 476 

IMmmPM 3150 2950 


352 644 
9LW 970 
n U40 
530 535 

B50 AM 
640 7 

ZM 210 
150 231 

432 458 

31 2950 
340 354 

145 1.15 

450 775 

236 3J6 

372 378 


Ffag 14050 13540 137 14040 ' r '~” - 

SSmr' two ^ ^ : 

S ^ H^alnld -Exa-^jrajgMo 

i?a70 UK40 11850 EnoA 47 « 47 47 

toSlMcft 10430 lOZM 10250 105 HuMmiMI 22930 2M 216 230 

S' ™ « ,*£> fs 

WoOmncn M240 » IArfw-S«taB 4550 45 4530 45 

■ Nedr Ul 119 m . 122 

Bangkok J J 

Oatok»raHA 7358 71 7158 . 71 M 

AitrlnfaSK 200 IX MO IB U flMJOwW« 727 V7 THUD 1^30 


WO 11850 UBS® EmoA 47 46 47 47 

10250 ' iS HufctoMMl 2»I0 a a m 

LTD TI350 11230 Krailm 52 31 51 U? 

S 10040 iS K mh> 7440 74 7420 74 

4630 4730 »v*sf< 56 25.,. 25.90 2190 

140 24330 24250 Mrira B 135 134 734 J34S8 

Md^SeitaB 45 SJ « C 2 J « 

Note Ul 119 m . 122 

SET MR 43637 . HoMeA 458 4 ) 4 « «B 



Blae Ok*! 





BriMjond \ 

BiitPfMa _ 

AUrlnhSx 200 

BaigkaiLBkP - 138 

Srrffi 8 * m "m »0 m 

oo^ r J J ^ 

Tdecmnetin 1750 1625 1675 u 

^ if J 

UUCima 43 43 43 4773 

2oo iff m ^ igffligg 

% ,21 ^ ™ W 78 7820 7820 

BAM . U7 

MTUMM 451 


ferae* CUM 5 & 2 D 

BudwGp , 141 

Cable Wtatac 816 

CadbunrSctM.- 626 

UrtonCoHir 430 

OranKMan, 748 




Hong Kong "B3S)^S gSgZ 

5S3X- .nS if 

640 645 655 6 fi 

— mST^Sbc t S ^ 

Bombay ***ȣ*%& g^SS J S 

.... ■_ cmmUbM 3740 3670 3730 3770 

553 533 58 LW 5 52 nBrpJdK 3140 30 3170 3170 . 

035 ISA ««T 2 B 050 §S 5 Sb 8 1740 16 M 16 M 1770 

447 430 439 FfcsfPtolc 545 ' 570 '540 5.45 

475 BITS 82 85 Hw,uSSrDw 1070 1 W 5 iSS 1070 

sn 4 BM 5 « 7 S M fl H 5 JSS 64 » 

650 610 670 *-*5 

3970 3750 3970 3950 
115 235 23975 z*ia HKOdttG “ 

i* iim m 13J5 n ; VSSk ^ 

O a Uiucmu penMf 434 

EAMGraeg-^- 5.15 

12 85 

JStI “bs 2 » '* 2£i 







Faritt AG 

G« Bom 


lies 11370 1340 13M 

3i9is 'mmSTR 

PiaMBLWui HrsanDt* 16 1540 16 1S50 

1560 1520 ire ws E23S£L m SS Sis SS 

■ ■IftE&Mls 

UBOB 182® 1MTO PralMBM ctS a B 5*3 
1790 1760 122 28 24 ZB 

SOT 8220 ' «g0 A® 431 US 6« 

Sm nw nS -nn SB®& if ££ 

SS 1440 1446 -gr-Mffifi 

53®S 5110 5140 Wharf Hd gi 

as at @ il > 

8|SS ttlb n *111 

MiSrmvm gww ' j* A & 

Faro CntaritaF; 

gct • ; 




458 4J8 445 AM 

680 5L5B 570 . 570 
3848 37JB 3750 3ft» 

1475 15-10 1540 

8.73 830 835 

i# i 

UKrtM*7v. IN 
Morin Snanror 608 


szssfr is 


“S ^ ’2S ^ 

60 SJS 4® IPS 

700 m 4® re 
8325 7975 7975 MW 
16® 1525 1575 1 6® 

2SB fa 20 ® 

8700 8500 KB'.*?® 

Copenhagen 1 I i' ! 

as. -s | ilSIli- 

343 342 345 345 — 

766 755 7J2S7 _ 7 » . 

s SaS i ASJtaffio *£ *' W 

a 2S ™ 1 W 'mS laB ia£m hm 

B.l-1 SSS&SS 3 

ft iS* .*H 

TMWnna 3» vw in 35s 

'l!B£22L* ^ 8M « 


AMBB M3 S#S 34i® 244 


■ -IS 3 | 
£*« MV 

i??40 "m ig 

kSSo* 79 S mo >8» 

" II ji 

n® »J5d5Sl 

■ ■« 

■ % ^ * 7 j 

40 6040 60 

050 tom 

“ -M »5 * ^ 

1640 <* ljj t65J 

nS aam 8630 * 


• gg ss s ■■ s 

MuSnaii 930 


SMunr • s 

SttoaOm MTS 

sSlSScmBr 682 

SaotPOMT 465 

ia T,naspR its 

fsgg: : 7 £ 

W 1 * ■« 

-ThonmlMcr m 

saw 4« 

as a 

IMhMT - • 67 * 

ugSKr 1 f£ 

FT-'.H 108:483610 

F ieri -6 atUI 

943 9151 945 

5 .TO- 5M 575 ■ 
1M ISO 8 
643 645 646 

1-56 149 142 

535 546 5 J 8 

476 485 470 

1455 1474 1482 
832 845 873 

530 536 £24 

5M 5-03 
341 347 331 

930 9-71 975 

845 830 842 

330 330 376 

1575 1371 2547 
485 532 363 

237 242 166 

645 656 663 

6 55 874 ISO 

406 407 412 

142 146 146 

450 456 454 

104 204 

... lau jau 

139 139 .141 

498 304 531 

540 613 689 
450 456 439 

745 735 - 745 

656 60 - 637 

24 S 20 279 
645 675 . 477 . 

478 432 . 479 

490 497 570 

618 672 625 

546 5 ® 689 

1 J 9 141 143 

974 979 9*1 

334 195 4 JB 

1240 1272 1275 
110 1236 1252 
7.93 739 8.93 

344 33 372 

230 102 3 

370 3 M 373 
545 542 573 

680 ' OtSS ^OJ* 
783 7.11 • 787 
075 1345 TITS 
870 8 A.- 345 > 

¥& .»:* 

271 2 « -..231 


180 1 - 9 ? 294 

1670 1683 UM 

IS U9 '15 

775 W 7 S. 
343 33 S . 33 , 

275 245 241 

ss ss -*ar 

Ul U 4 U 3 ^ 
773 749 7M-. 

471 424 425 

630 655 632 
878 9 .W 9M 

345 347 34 * 

ITS. 134 820 

m s m. 

273 230 279 . 
64 ) 674 675 

190 £83 280 

787 772 747 

197 830 980 
ITS 277 ■ 271 
647 647 641 

5 J 0 50 -570 
130 375 . 252 . 

472 439 492 
1772 17 - 9 ? 1675 

635 678 670 
A® 438 440 

275 278 - 284 
895 9 697 

4.11 430 * 422 

wto 1096 run 

170 . 172 

SM 55. 541 

74S 783 ■ ,795 

441 44 T .40 

840 A®;- 146 

616 640 * 4 * 

438 4 A. Jjtf' 

445 471 492 

152 Mi- AM 
445 479 : 481 

S 473 S 
SM 287 
45 * 40 . 40 

5 SO* 586 
695 7.15 - 7.13 ■ 

■VtodDfooB j. - 
WHbnad ‘ 
WPP Group 





A graBrac etai 












MM Law One Pm. 

747 < 771 - 743 778 

; X 32 ■ 314 232 23 S 

- : 3 A;!i 342 .* 333 40 " 
" 83 r J 111 876 872 

349 -AM- 

US 581 * 584 389 
273 20 20 273 
1870 17 1773 1781 

HIM Lew doM Pm. 

HV> L»w drat Prav. 

SevOhra Bee 






A$b Land 
CAP Hone* 

PQ Bonk 

PH Lang DU 
Saa Mlgual B 







Goa Hb nMna 




Mb M« 56881 

Proriow: 57295 

1400 21480 21920 
1955 1980 1990 

5740 57 * 5850 

8360 84 ® 84 ® 

4005 4)10 4090 
ms 1355 1370 
74 ® 7700 7500 
2770 2775 28 ® 
8220 86 * 83 * 
*35 4158 4120 
4315 4385 OSD 
2770 28 ® 2825 

5220 6330 6300 
2675 2715 205 
1205 1230 1225 

6510 6630 *{*1 

1770 1790 1790 

22 S 5 2330 2295 
6400 64 * 6470 

1365 1425 1390 

1400 11540 11600 
4020 4070 4070 

1415 1435 1430 

2820 2830 28 ® 

PSE Mwe 1I72J0 

1X75 13 11® mo 

1150 1325 13® 13® 
94® 92® 92® 93® 
20 2® 2® 285 

70® * 70 70 

295 282® 295 2H5 

zm 350 355 1® 

136 133 136 136 

m 835 8® 845 

4ft® 47 4MS 48 
6* 620 630 640 

Beta M R 4*6148 
Praiaec 40545 

6030 6280 6040 
1740 1736 1734 
3070 3240 31® 
1438 1456 1454 
4X20 ®JO *35 
47JB 4TJB 4 7S® 
2® 20 2J9 

.2670 2985 29® 
34® 35J& 34W 
143® 143.00 .141® 

1670 1886 1848 

f*aria :* - 




8 ona*t 



Canal Pta 




C riri im 


U_F -Data Finn 





■ ' ' CAC 40 c 27985 T 

_^._p0eBOW2781*l. . 

1100 10 ® 1099 1090 
ILT. MLT. N.T. 297 ® 
921 901 901 915 

703 690 700 701 

41140 401 ® 411 J 0 40830 
79 ) 772 M 4 JOT 

39780 390 39630 39280 

27050 256 ® 170 26610 

1019 1001 1010 1024 
2997 29 ® 2990 2987 
327 325 32610 325 ® 

345 330.10 345 334 

637 620 622 636 

m S 83 586 897 

605 59 * m 600 

1225 1200 1225 1231 
«0 932 947 944 






InweitorB ■ 





San la B 


S-E Barkan A 
Skondta Fora 
5 tarafeciB 


5v Mandril A 

300 29 B 

599 -585 
3 Z 1 317 

670 - - 652 
355 3 * 

220 211 
253 ® 2 ® 

Z 45 2 * 

22659 223 

184 IN 
178 171 ® 
85 ® 02 ® 
On 351 
2 M 290 
178 174 

1 * 171 

105 103 

263 251 

211 207 ® 

S 712 719 725 

«a « «! 

7 T 0 7X 7 J 3 7M 
585 5 J 0 5 L 75 580 

1 217 213 ® 217 215 ® 

7 S 3 737 750 747 

384 372 ® 382 38010 

649 642 642 658 

370 35748 370 362 

1095 1078 1095 1064 

2194 2144 2177 2 W 6 
965 971 983 985 

315 309.10 315 3 HU 0 

418 T 0 41110 418 ® . 412 ® 
300 292 29 A 90 29448 

ffll SK 4 E fll 

2890 2833 2879 2061 
Z ®9 1913 1999 19 ® 
15890 151 ® 1 ® 15230 

ISO 1530 1535 1555 

259-80 251 25 ft* 25490 

®7 566 587 585 

311.70 30120 31 U 0 306 ® 
689 675 665 6 M 

402 ® 38320 3 W 41 420 
767 756 760 762 

2 B 7 B 2811 2815 2 B« 

806 785 795 7 W 

14 ® 1470 1430 U 25 
598 610 604 

6 N 720 699 

146 147 ® 14840 

652 644 6 * 653 

90 ® B 9 ® 9080 9045 
371 ® 3060 367 378 

sso Paulo -XSSE58S 

Franca Telecom 









PwSaas A 

Penud Heard 














ANZ Bring 

Brambles huL 

Cries JWyer 




Land Lease 








RtoTWn _ 

st Stage Ba* 

Weripoc Bring 

yiwiililiin Del 
■wTOtmot m 

AS OnfcariR 244238 

648 631 

mi 5 9-85 
13 J 9 ues 
173 3 ® 

27 ® 26 ® 
17 16 ® 
11.15 100 
745 7.29 

573 570 

4 ® 40 

271 265 

2.19 116 

10 J 83 10 ® 
29 ® 2875 
1.12 1® 
28 ® 20.14 
2 * 224 
7 29 7-30 

105 195 

373 3 L 65 

109 795 

164 S 1635 
191 171 

113 491 
9.10 IBS 
11.18 11 ® 
4 ® 435 

621 626 
934 10.28 
1 X 05 1347 
342 370 

2671 27 

1635 16 ® 
1 QT 7 10 ® 
731 7 ® 

5.70 525 

451 4 * 

236 257 

117 219 

1065 ION 
29 ® 2882 
1.11 1 ® 
20.13 20 ® 
240 226 

7 ® 729 

296 3 

37 7 37 D 

809 B 
16.15 1640 
8 ® 873 

491 5 

889 9 

11 ® 11.15 
437 4 ® 

ABecana Atric 
Ben Carom M 
Bas FUeunm 
CpKfito Ih^jHWF 


Pmtae 151*404 

15530 15180' 15530 15500 
4795 4585 4795 4R» 

6800 mti 6780 6665 

15® 1500 15® 1559 

35850 25450 257® 26400 
4530 4315 4510 4375 

9220 90* 9220 9270 

wo* wm in* loon 

4770 4680 4705 4780 

38400 379W 38400 3S3® 
17680 17350 17630 17*20 
30V 2985 30V 3010 

6535 6410 6535 6530 

8585 8430 MW 8615 

12110 11820 12100 12170 
1343 13V 13* 1347 

K* . . p , . IH . . S 

KXTwVT: A H. -rJ 

*80 41® 42® «ai 

151® 150115 150® 152® 
23753 23)00 23700 23700 
143* 13*0 143* 13300 
W715 10570 103W W695 
6710 6600 6695 6730 



wtumia riu 


, Pfd 

Paairia Luz 
Sid Notional 
Sana Cruz 
Tritium PM 





Kma El Pm 
Kctea Beh 
Sesi I co n 
. -rang ban SI 

7® 8® 820 

675® 710® 67ZM 
43® 45® 45® 
70® 74® 71® 
10® 11.150 10® 
500® 52800 50499 








7® 7. 

1130 Ul— 
122® 118® 
107® 10S® 


7® 7® 

22® 31® 

5*00 51 0M 53000 
5830 5*0 5*0 

14600 14» 

65® 65® 6501 

- 14CW 134® 140® 
. 4380 *70 *70 

TB®. 19400 30700 
44300 *2000 44000 
346® 328® 344® 
43300 41000 43000 

7DTO 69® nwa 
3340® 3090® 3340® 1 





Bee Mob Coro 


Nod fib Canada 





* * 43.15 

27 ® 2816 27 N 

3950 V® »JK 

47W 471* <7 

19 19.15 19 ® 
36 ® 36 ® 37 

47 K 0 47 JO 

43 ® 44 4391 

® 22® 22W 

22 ® 2245 22 U 

4 ttS 45.10 4 U 0 

i\*/i 4430 jam 

2820 28 V 28 * 
8 805 810 
76 U 77 JS 77 JO 

OBXMR 67 U 6 
PnsMss 67891 


Storebrand An 

125 IS 


42® 41® 

^5 $ 

239 73* 

185 IK 
. 625 603 

495 472 

136 133 

125 124 

370 365 

50® 50 

114® 122® 
MS 209® 
26 » 
T p *r> T ijn 
104® 106 

-42® 41 

360 359 

373 376 

239 236 

IIS 116 
625 612 

479 497 

133 MB 
124 126 

365 385 

SO ® 


Aria Poe Brew N.T. 

Grata PMC - 4 ® 

CBy.Darib 8U 


8 Neon 805 
HKLand- 2 J 3 
JanlAMtesa* 545 
Jad Strategic* 2® 
KsppelA 535 

KappriBank 2® 
4 ® 
„ _ 9.13 

Union A F US 
tawiHdgi 422 
SraboMM 520 
9 ngAJrfcn*n 1120 
"■“Lari . 470 

WsssF 21® 


UHMHM 873 
WogTolHdgs 226 


Stockholm ««mr«68jk 

AGAB K® 94® 95® 95® 

ABBA »® 67 66® S7® 

AwlDeraai 211 204 210 212 

AitraA 126 123® US® T2450 

Aim Copco A 2J2 224 231 226 

ILT. N.T. 470 
4® 444 456 

7® 7M 7 JO 
630 635 735 

084 SM M7 
.13.10 1320 14® 
' 2® 244 272 

7® 735 7JS 

lU 123 1)9 

4® 520 845 

242 888 243 

SIB Si» 525 
7J0 276 2® 

460 460 482 

131 271 231 

840 IS 9 
STD 570 535 
UK 414 4® 

498 520 5 

10® KUO 1U0 

Bodm _ 

Japan Tobacco 

Kao .... 

SM IMM Mr 77*140 
PrMteJ*. 764497 

136 ® 134 13450 US 

96 9450 9550 9450 

68® 67 ® 68 * 

91 « 91 90 

2270 2240 2160 22 ® 

97 « 96 9530 

50 0 ® 49 ® 50 

104 102 1 U 101 ® 

51 ® 53 53 54 

5 ft® 49.90 ® 

i 91 88® 89 ® 89 ® 
TO 119 ® 125 ® 122 

33 JS's 32 J 0 Tiw 3 X 90 

_ 66 62® &5® 64 

56 ® 5530 Si 57 

MM 225: 151*46 
PTHlMK 1472657 

U 70 1110 mo 1220 

*2 581 581 602 

2690 2SW M 

a ffl a 

S66 “* 


1710 16® 1700 1770 

409 384 390 410 

w a saa m 

3010 3500 2960 31 ® 

2070 2030 2030 393 ® 

193 ® IB® 1910 1910 

24 * 23 V 2330 2500 

544 510 517 534 

999 910 923 1030 

300 275 290 345 

1050 1 OR 0 1010 1 TO 
606 582 597 625 

3950 a X 750 O 3780 a 4000 s 
2330 . 22 * 2270 2380 

58 ZQB 5650 a 5810 a 5820 a 
1820 1780 1810 1 8 * 

' 43 » 4330 ms Mm 
880 tt 3 813 913 

4590 44 V 4*0 *00 

1*0 13 ® 1350 1410 
11 V 1080 10 U 10 ® 

927 8 ® 899 945 

4380 *00 4310 4380 

10® .1000 1030 11 V 

278 267 m m 

483 359 m 411 

g@M J 76 S 5700 61 * 
399 . 383 392 402 

was 945 ES 55000 9670 a 
2 V 0 2330 23 * 2380 


5500 ' 3100 

— |S300 Ar—. 30Q0--A , 

5100 W-l 2900-P M 

l-J 4900-^-4--; 2800 |f — 1 
-ff-i <700 At — ^ mi- - 

J, j 'j x s 'o"pTi ^'jTaTo'n 

J A S O N’j 

Source: Telakurs 

88&01 ’• -%Q6 
3,833^7 +0 JOB 

$<msx . - 0.70 

S78.7* .. g4se T -0^2 
4^s0iiu 4^ -0^2 


'iiSOtff; ' .15106 . -0.13 

J ' &S&S6 . 2,7^61 -^029 

"ta s&ite- -4J52 


IncratiMari Herald Tribune, 

Very brief ys ‘ 

• Western Germany’s business confidence unexpectedly 
dropped in October, according to the Ifo Institute for Eco- 
nomic Research, and the Bundesbank said growth in the M-3 
money supply, its main gauge of inflationary pressure, slowed 
to an annualiz ed 5.1 percent in October from S.2 percent id 
September, dimin ishing expectations that the central bank 
would raise interest rates in the next few weeks. 

• PreussagAG, a German steelmaker, said its net profit rose ai 
least 20 percent in the year that ended SepL 30, from 274 million 
Deutsche marks ($158.5 million) in the previous year. 

• Safeway PLC’s first-half net profit rose 1.9 percent, to 
£162.8 million ($275.8 million), below company expecta- 
tions. The supermarket operator warned that spending to 
reverse the “disappointing” earnings would push full-year 
profit below last year’s £159.7 million. 

• Peninsular & Oriental Steam Navigation Co. of Britain 
and Stena Line AB of Sweden received conditional approval 
from the British government for their long-delayed plan to 
merge their English Channel ferry services. 

• Wella AG’s third-quarter pretax profit rose 3 1.6 percent, to 

30.8 million DM, lifted by strong international demand for it$ 
COSmetiCS and hair-care products. AFP, Bloomberg . Reuters 

R.C.N°B39 615 

On l# November 1997 lbe sole shareholder or BZW Nikko US. 
IT Fund having requested redemption of a)! his shares the Fund 
ceased to exist with effective dale M 111 November 1997. 

The records and books of the Fond will be kept for a period of 
5 years at the office of Nikko Bank (Luxembourg) S.A., 
16, Boulevard Royal, L-2449 Luxembourg 

29930 300 

■ 597 595 

319 323 ® 

■ '3*6-322®- ■ 

470 6 ® 

'355 352 

219 ® 220 

253 ® 253 ® 
245 244 ® 
225 224 ® 
182 183 

175 ® 174 ® 
as® also 
359 356 

296 296 

176 ® 174 

179 ® 172 ® 
104 1 IK 
V 3 254 ® 
210 210® 

The Trib Index 

Jan. 1. 1902- 100, Lw 

World Index - - T 67 J 

' Aeglonel Index** 

Asta/padffc 98.8 

Europe 186.! 

N. America 208. 

S.Amsirfca. 136J 

Mwtirtal Mmm 

Capital goods 210.1 

Consumer goods 196.1 

&mrgy 199- 

Finance 117J 

Miscellaneous 157.1 

Raw Materials 171 J 

Service 166.1 

umties 158.; 

rt!;!,*.; j'ifc' .'i; Vi 'i^i Wllluffifcai ifc 

Prices as Of SM PM Now Yortetimt. ‘ 

Orange % change yew to date 
% change 

+0.08 — +O.05" +12^1 * 

+1.07 -19.86 

+054 +1555 

-0.62 +2854 

-1^0 +19.14 

nock ArinOtraoks fee US. dotar iWuas of* 
2Scoumtas. Formoru Information, a Aw ■ 
(ndutffll Avsnus Quotas da GauUa. 

CompSed by Bloombarg Haws . ' 

MOud Ariosi 







Nl&san Motor 

Nom ura See 

NTT Data 
9 [Papor 
(Mod Gas 

Satan Bit 

Sebu Rwy 

SdasulChem op 
SeHsutHoose 996 

StSSa) El Pra 19 * 


autrido _ 

Ssr» its 
isasK- “ 

SumB Metal 
SumffTrati . -- 
TamoPhomi 31® 

TctedaChnm 36 * 

TDK _ 9 

TotanBPw 1 
TridoMartoe 11 K 

Tokyo El Pw 2330 

TokynSediai em 

Tokyo Gas 297 

Tokyo Corp. 


Tonal PiM 



TwaTiM _ 

Toyota Motor 3470 

Ytaunudii W 


1240 73 * 
341 386 

417 ® 46 ® 

13 * 1370 

1510 1580 

374 413 

11300 11700 
668 717 

439 458 

3? 3 

m-k 1050 b 

6130 b 61306 

% s 

1700 1720 

12500 12800 
462 517 

40 ® 4170 

1® 12® 

341 355 

7530 79 ® 
5230 5800 
889 900 

994 9 ® 

8410 8780 

812 872 

1 W 0 19 * 

460 514 

2 M 29 ® 
17 ® 1900 

1170 1200 

27 ® 30 * 

10900 10500 
792 8 * 

1320 1400 

m 470 
1700 17 V 
— 875 

V* 3200 
3590 36 ® 
97 ® 10200 
1910 19 * 

430 734 

1070 11® 

22 ® 23 ® 

5030 4280 

297 300 

547 585 

866 949 

140 ® 1670 

595 620 

5 * 572 

1480 TOT 
804 840 

34 E 0 3480 

3010 31 ® 


rtasraJB Bsc 

Norm Enemy 
Mhera Tdeoom 



TorDom Bank. 






High Low 

57 iilO 
25.15 2445 
36 3444 
1341 k 130.10 
1335 1115 
32 H 3 H*i 
24 23 V> 

2770 27 ® 
18 ® 17.95 
liflS 12JO 
115 ® ! 13 ta 
31 ®15 
2416 25*4 

18 % 1714 


2185 2835 
5144 ®10 

4614 *m 
2240 2220 

4615 45 V 5 
31 30 ® 

X 5 ja 3441 
5285 mi 
200 2815 

a® a 

70V. 49 

33 ® 3244 

470 4V. 

3070 3045 
100 107 

Ouee Prav. 

6 S» 5730 
24 % 25.15 
3475 34 ® 
132 % 130 ® 
m 13® 
31 % 3270 
24 23 % 

27 ® 27 J 5 
18 1835 
I 2 J» 13 
111 ® 115 1 * 
300 30 % 

2514 26.70 
17 ® 180 
4645 46 ® 
28 % 2855 
51 50 

4414 46 

2270 22*4 

4570 46 % 

3014 31 

35 ® 3570 
5275 5 X 80 
JO 1 * 205 . 
28 » 28.10 
srh m 1 - 
33 33^5 
4 % 4 ® 

3070 28^5 

Kbln 8 r..i».*r 

19 ® 


21 ® 



1 ® 












LTC 8 


• 9 

9 ® 










21 ® 










2 W 










1 ® 


6 R 5 






< 2 * 




19 * 


Amu Com. 
Alberta Enaigy 
Ataon Ahr- 
AUeesoa - 
Bk Hava Soria 

Bank* Gold 
Btodwai Phm 

CdoOcdd Pri 



385 274 
352 340 
am 1930 

279 309 

3 * 360 

1950 2060 

359 C 373 

20J0 ]0* 

ISTfT % 


SB 4*5 4 ® 522 

424 415 *5 475 

147 ® TOD 13 ® 15 V 

WO. 90 S 913 950 

TSElMtaUris:< 7 UJ 5 
PTMfeecr 673272 
18 % 17 ® 17 ® 1830 
30.95 79 ® WU 3 W 
3TM 39.10 39 % 39 % 

14.15 13 ® 1195 14.15 
64 ® 6488 
63 ® 640 

16.10 25.15 2 SJ 

m 4LSS 43 % 

37 ® 36 ® 37 36 ® 

36 J 5 35 ® 36.10 36 ® 
28 ® 2235 28 ® 2805 
SOk 5120 51 ® 51 % 
44 4370 43 ® 4895 
7435 73 % 74 73 ® 

35 % 34 .TO 34 % 

3335 33 3 X 20 

41 ® 40 % 4890 41.15 

3670 26 ® 26 ® 26 ® 

23.15 22 ® 23 ® 2 

10® 10% 10% I 

24 % 2 « 24 ® 

34 % 34 ® 34 % 

26 % 26 2645 26 % 

TOj 18 ® 1 M I 860 

1M lS id! 1% 

20 ® 19 ® 1 M 0 » 

3 f» 2 X 90 2870 29 

11® 11® n® ii.i 5 

89 ® 8935 8935 89 ® 

26.15 25.10 -3835 24.10 

te® 58 % £ 8 % 60 

19 ® 19.15 19 ® 19 ® 
"M 0 25 % 35 ® 36 

rn 17 m 17.10 rm 

87 % 87 % r - 
12 % 12 ® 1 _. 
32 Z 1 % 21 ® 71,95 

Vienna atxmrihs® 

PnvtaHI 127156 

BoriitaUMtii 893 Ml 885 886.10 

Craritansf Pftt 623-53 612.10 610.90 g7 -?s 

EA-Gtewrafi 2955 2915 293529505D 
EVN 1520 15tK- !S« 15» 

FtatafcmWIen 50450 501.05 501J05 505^1 

QWy_ 174175 1711 1717 170 

OflriBrtWZ 964 m m 965® 

VAStoW 490.50 481 409 49050 

VAT«rt 2024196050201175 1990 

WlSMftwg Ban 3413240050 2410 2410 

Wellington nzseoo us 2367 ® 

9 Prattas: 230453 

AlrNZeridB 335 3 ® 3 ® 3 ® 

_ 114 1.12 1.14 1.17 

Cortar HoOonf 20 2 ® 2 ® 268 

FtetehChBWg 4.90 438 AM 493 

HettQB* 7 ® im 7.10 732 

ndehOlftM 136 1 J 3 153 1 ® 

FWc faCh Pa per 235 3 ® 233 239 

Lkm Nathao 337 sm 192 190 

Tatecom NZ 833 835 8 ® 030 

VHion Horton 1030 1000 10 ® 10 ® 



5 riKRebnR 

5 PI Mr 251978 
Protean: 251843 

1750 1753 1773 

416 416 428 

12 * 1260 1255 
2370 2390 M» 
800 819 821 

2070 2110 V 05 

2395 2425 2460 

1225 12 ® 1235 
141 ® 141 ® 145 

1057 Vtir 1084 
206 ® 2 Q 87 S 20875 

546 547 547 

6845 6845 6915 
4100 4100 4190 
1155 1168 1172 

547 552 547 

2029 20 * 2011 
2163 2189 2 in 

187 ® 187 ® m 
1795 1795 1800 

824 842 832 

1555 1570 1415 
300 300 _ 

1271 ® 12750 1 
386 388 

1482 1500 1560 

2751 2762 ires 

773 779 776 

8 N 915 9 » 

2142 21 ® 2170 

1«6 1 175 J 797 
1669 1476 16 V 

1504 iffl ire 

571 573 575 

PAGE 16 



R4GE 17 

1 1 

\ Hong Kong Land Sells High 

^ Strong Prices at Auction 


strong prices Wednesday fj* ^nsmg] |y But some analysts played down the sig- 
Sla auction *££* th? g !. v " of fte outcome, saying it did not 

crash last month ™?Si St reflect confidence in the outlook for the 

:- “«« closer to«££ **** ***** 

An onlisted comoanv. Yn t«} ik«« r>~ „ J! « certainly m tile higher pnee end,’ 

iwmwu « «iu»iuh ana me other on the 

routi^ of Hong Rong felaSi bo* ^ 

marked for residential use. 

“but not on the top.” 

He said the jssuJr did not reflect the true 
Th* fvn co „o«. « „„„ state of the properly market at a tine of 

- . , - ^ uar ®"OieiCT (7 ,460- square- - higher intere st rates. 

-■ 'SSJ3S12hSS J?° m ’i c ° I wlo 9^swdfor Most Of the bidders were small de- 

Swi°SlS an < Sw° nS iS^ B "ril- vdopers. with most blue-chip companies 
: dollar?^ °P aaa B bid of 1 15 million consciously absent. (Ratten. AFP, AFX) 

“I think it is pretty positive, especially * Singapore Property Stocks Decline 

■ - !£ Si ?V **“! Serena Lau, man- Singapore property stocks fell on sen- 

Francis Lau & Co. "It timeo t that the government’s latest measures 
- indicates Duiiishness in the market I think to shore up land prices wonld not be enough 
i, this message is important;’ to alleviate aonxent glut in homes, 

“f 01115 a to P Yu Tai King ex- Bloomberg News reported from Singapore. 
; ccudve, said Je company expected a 30 The exchange’s index of 16 property 
pero^t prom ftorn the two jnopenies. stocks dropped 239 points, or 0.58 percent, 

. Nicholas Brooke, senior partner ar pi™>- to 40830. 
erty consultant Brooke Hilher Parker, said Singapore’s new rules, announced Taes- 
the plot prices were at the top end of the day, included a halt in land sales this year 
range of analysts’ expectations. and a move to give developers more tin y* to 

“There was encouraging, active com- construct their projects. 

" petitio n fro m a number of players,” he said. The measures don’t "address the current 

“The property market should react dos- overstmofv.” said Ne Yeow Tong of G. K. 

“The property market should react pos- 
itively to today’s outcome.” 

After the auction, Hong Kong stocks, 
; which are highly sensitive to property marine 

to shore up land paces wonld not be enough 
to alleviate a current glut in homes, 
Bloomberg News reported from Singapore. 

The exchange’s index of 16 property 
stocks dropped 239 points, or 038 percent, 
to 40830. 

Singapore’s new rules, announced Tues- 
day. included a halt in land sales this year 
and a move to give developers more Time to 
construct their projects. 

The measures don’t "address the current 
oversupply,” said Ng Yeow Tong of G. K. 
Goh Research, who predicted that private 
pr operty prices would still fall by as much 
as 20 percent over foe next 18 months. 


Notes of the Offer of Shams of the Company ESTREUA DE ESTEPONA, SLA 

Notice is hereby publicly given tbs (be share-holders of trading company ESTREL- 
LA DE ESTEPONA, SA, founded according to Spanish regulations, have agreed to 
the offer of their shares, the company’s legal and finan cial teccsds, presently In the 
hands of Attesting Notary, Dm Juan Jose Sulrez Losada, Avenida Dhgooal, n° 458, 
2? Planta, 08006 Barcelona, Spain, Being placed at the disposal of any interested 
third patty. 

The amount of fifty thousand pesetas (50,000 pcs) shall be requited in payment for 
the obtention of said legal and financial records. 

The conditions of said shares offer are laid down in the legal and financial records. 

ACTIVITY OF THE COMPANY: Tourist promotion of construction located in Etepona 
(Mabga -Spain) 

DATE OF SHARES OFFER: The forthcoming session of the shares offer shall be held 
on the tenth of December, 1997 at 1100 pm, in the registered offices of the above- 
mentioned Attesting Notary, attended by aD bodies, individual or corporate, present 
and interested in said acquisition. 

SECURITY DEPOSIT: All those interested In the acquisition of said shares shall be 
required to deposit (he sum of fifteen millioQ pesetas (15,000,000 pts) at the regis- 
tered offices of the Attesting Notary. 

MINIMUM PRICE: The minimum starting pike for the shares offer shall be three hun- 
dred million pesetas (300,000,000 pts). 

Boredom, 27 October 1991- D.Jordl Gates Uorto, Attorney. 

U.S. Agrees to Take Role 
In Asian Regional Aid Plan 

CoopSetib) OwSsffFnm Dnfkorttf 

MANILA — The United States will par- 
tidpate, on a “case-by-case basis,” inaprojiosed 
new Asian program to bolster ailing regional 
economies, the deputy U3. Treasury secretary, 
Lawrence Summers, said Wednesday. 

“We believe in support pr o g r am s rather 
than bailouts and in our approach to participate 
on a case-by-case basis m support programs, 
based on a judgment of foe program in ques- 
tion, foe risks of contagion, the adequacy of 
resources otherwise available and consultation 
with our partners and allies,” Mr. Summers 
said after a two-day conference on the pro- 
posed aid plan 

Deputy finance secretaries from the region 
agreed Wednesday to work toward setting up 
a supplemental financing facility to go along 
with International Monetary Fund assistance 
to countries hit by economic crises such as the 
ones now afflicting several Asian countries. 

They agreed that the facility would be 
strongly tied to IMF assistance and that foe 
issue of which countries contributed to it 
would depend on the situation. 

"I think this agreement represents a major 
step toward putting in place an architecture to 
prevent financial crises in future and contain 
problems that occur,” Mr. S umm ers said. 

The officials’ agreement avoided any ref- 
erence to earlier proposals that a special re- 
gional fund of as much as $100 billion be 
created. That plan was strongly opposed by the 
West, which feared it would remove incentives 

for Asian countries to modernize their econ- 
omies if they knew they could get financial 
help without having to abide by the IMF’s 
tough lending conditions. 

“There are bound to be new crises.” said 
Stanley Fischer, foe IMF’s first deputy man- 
aging director, adding that his organization 
would continue to lead any further bailouts. 

“The first line of financing will be 
provided by foe IMF.” he said. "The second 
line of financing will be provided by other 

The IMF has led two bailout packages 
totaling nearly $60 billion in the past few 
weeks, one for Indonesia and one for Thai- 
land, and there is growing concern that South 
Korea could be the next coonny to plead for 
help fra - its battered economy. 

The United States took pan in foe emer- 
gency package designed to help Indonesia 
cope with foe effects of a sharp currency 
depreciation, but it did not participate in foe 

Lender Chides Jakarta Over Utility 

Bloomberg News 
JAKARTA — Just four 
days after lining up behind a 
$23 billion aid package in- 
tended to be a vote of con- 
fidence in Indonesia at the 
end of last month, the World 
Bank’s director for foe coun- 
try, Dennis de Tray, privately 
sent a very different message 
to the government 
In a letter to the minis ter of 
mines and energy, LB. Sud- 
jana, dated Nov. 3. Mr. de Tray 
warned that continued mis- 
management of the electricity 
company Perusahhan Umum 
Listnk Negara could cause 
lending authorities such as the 
bank and the International 
Monetary Fund to suspend 
agreements with that com- 
pany. PLN, with $22 billion in 
assets, is Indonesia's largest 
state-owned company and its 
monopoly power distributor. 
Mr. de Tray's letter cited 

concerns that foe electric 
company, under government 
instructions, was set to sign a 
contract committing it to buy 
electricity from a new private 
power producer, even while 
demand for power is slack- 
ening, supply is high and PLN 
is strapped for cash. 

“The announcement of an- 
other power-purchase agree- 
ment at a time when PLN’s 
poor finam-fal situation is 
already in the news and when 
government has just commit- 
ted to increased transparency 
wonld, in our opinion, send a 
negative signal to the financial 
markets," Mr. de Tray wrote. 

The letter did not identify 
the private power producer. 
But analysts said it was likely 
to be a project backed by rela- 
tives of President Suharto, at 
least seven of whom are in- 
volved in foe power-develop- 
ment business. 

Mr. de Tray’s letter, a copy 
of which was provided by a 
government official, sheds 
light on the kind of inefficient 
investment that has hurt In- 
donesia's international image 
and continues to stand in the 
way of reform. 

Mr. de Tray was out of the 
country and could not be 
reached immediately for 
comment. An official at the 
World Bank's Jakarta office 
declined to comment. 

In the letter, Mr. de Tray 
wrote that allowing the elec- 
tricity company to sign a 
power-purchase agreement 
could cause foe World Bank to 
pull out of a planned loan to 
the Java Power Distribution 
Project, which is to buiJd a 
power-transmission network 
across the island. Generating 
capacity in Indonesia has been 
growing faster than foe supply 
of power-cable networks. 

Hong Kong . 
Hang Seng 

16500 — ~f^r — 

13500- T-V 

12000 1- 

10500 — h- 

j j a"'s"o n 


-£xchar$8.: ; ... • Info 

Straits Tiroes 

2150- - - 

1700 — ■ — 

1550— . 

1400 . rv.-v 

;■ Nikkei 225 

J J A S O N 

’j j A S O N 

Wednesday Pm.- 
Close Close 

Hong Kong Hang Sang 
Singapore" " . .. Straits Times 
Sydney All Oitflnartes 

. Tokyo NMcei225 

Kuala Lumpur Composite 

1Q.154.3G 10245.18-0.89 
1)650.97 1.689.01 *048 
2^42.30 2.46&3Q -1.05 
15.342.46 16,72657 -5£8 
6G3j4S 622.09 *2-99 

*3437 440.13 -1.3l' 

50239 494.6$ +1,60 

Mr. Summers said it was crucial that the 
new assistance facility, to be designed ar a 
meeting in Japan next year, balance foe needs 
to prevent future crises and to address crises as 
they occur. He also said the United States 
remained optimistic that Asian nations af- 
fected by the region’s current financial crisis 
would eventually recover, citing their high 
savings rates, youthful work forces, entre- 
preneurial skills and foe export orientation of 
their economies. (AFP. Reuters. WPl 

Bangkok SET *3437 440.13 -1.31 

Seoul Composite Index 50239 494.66 +1.60 

Tatpef ■ Stock Market Index 7,705.40 7.64457 +0.79 

Manila PSE 1,87240 1.877.78 4X31 

Jakarta Compete Index 41SJ55 434.21 -4.27 

Woffington NZSE-40 2367.45 2,38435 -0.72 

Bombay ~ Sensitive Index . £45435 33V830~^i33 

Source: Tefekurs IVraM Jnhuw 

JnimuiiiouJ HitiM InhuDc 

Very brieflys 

• Tata Tea Ltd-, foe world's biggest tea company, said its first- 
half profit rose 43 percent, to 503.1 million Indian rupees ($133 
million) as a drought in Kenya, the world’s largest producer, 
bolstered prices. Sales rose 42 percent, to 4.47 billion rupees. 

• China International Trust & Investment Corp. is study- 
ing foe possibility of acquiring a heavily indebted Japanese- 
owned department store. Yaohan Hongkong Corp. 

• Australia & New Zealand Banking Group Ltd.’s second- 
half profit dropped 31 percent, to 409 million Australian 
dollars (S284.7 million.) as the company took a one-time kiss 
of 147 million dollars to cut staff and set aside an additional 
417 million dollars to cover further firings. 

• L' I ironies International Holdings Ltd-, which sells med- 
ical equipment, said it would pay 150 million Hong Kong 
dollars ($19.4 million) for two medical practices to develop 
Hong Kong's first publicly traded health care business. 

• Singapore said foe amount of taxes collected on the cause- 

way between Singapore and Malaysia rose 44 percent in 
October as business traffic increased. But officials say Singa- 
pore stands to lose revenue as an increasing number of 
consumers flock to Malaysia on tax-free shopping sprees to 
take advantage of the weak ringgit. Bloomberg, afp 

Chief Talks of Buying Up Renong 

Bloomberg IVwj 

chairman of Renong Bhd.. 
Halim Saad, said Wednesday 
that he might consider taking 
Che Malaysian conglomerate 
private if its shares extend 
their decline. 

“That's a possibility if 
Renong's price falls further,” 
Mr. Halim said, adding that 
United Engineers Malaysia 

Bhd. and he * ‘can gang up and 
buy more shares." 

Renong's stock finished at 
1.90 ringgit, down 0.41, and 
United Engineers shares fell 
0.50 to 3.36, continuing their 
plunge and pulling down other 
stocks. Investors object to 
UEM’s purchase of 32.6 per- 
cent of its parent, Renong, for 
2.34 billion ringgit ($686.6 

H0» LewLsMOiW 


Hlgb LM 


Wednesday’s 4 P.M. Close 


hIJFEw Stock DfcYM PE lfilWQk UMliAtf Qrge 


120 ** 

204 I1U mi 

>2 * I'- 


; (*:■ : 

r- 'J 


71 W 97* -V» 
36ft 26ft -ft 

AM M 12 

Mt Z Z 
4U ll 

2514 +lft 



(IFB No CLRP/ICB/ 1/1 998) 

I ^ HI 

The Government of fire Democratic People's Republic of Korea expects to receive a Loan 
from the International Fund for Agricultural Development towards the implementation 
of the Crop and Livestock Rehabilitation Project, and it is intended that part of the pro- 
ceeds of this Loan will be applied to eligible payments under a contract or contracts for 
the procurement of fertilizers and herbicides. The Government through its Agricultural 
Commission now invites sealed bids from eligible bidders for the supply of: 





Urea (Granular) 

24,100 MT 


Di-Ammonium Phosphate (Granular) 

21,900 MT 


Butachlor Herbicide 

208 MT 


Alachlor Herbicide 

50 MT 

Bidders may tender for one or any of the complete items mentioned above. 

Interested eligible Bidders may.obtain further information from, and inspect the bidding 
documents at the office of: 

The Director, Agriculture Production Department, Agricultural Commission, 
Jungsong-Dong, Sungri Street, Central District, Pyongyang. 

DPR of Korea. 

Telephone No. (8502) 18111 (3818629) 

Facsimile No. (8502) 3814427 

or from the office of: 

The Permanent Representation of DPR of Korea to FAO and IFAD, 

Via Ludovico di Savoia 23, 00198, Rome, 


Telephone No. (39) 6 77209094 
Facsimile No. (39) 6 77209111 

A complete set of the bidding documents may be purchased by any interested eligible 
Bidder on submission of a written application to either of the above-mentioned 
addresses, and upon payment of a non- refundable fee of one hundred US Dollars 

All bids, properly filled in and enclosed in scaled plain envelopes, must be accompa- 
nied by a bid security of 2% of the total bid price and must be delivered only to the 
office of the Director. Agriculture Production Department ABricultural CnmmicBinn 

on or before 12.-00 hours on 6 January 1998. 

Bids will be opened in the presence of the Bidders' representative who choose to 
attend at 12.-QQ hours at the office of the 

on 6 January 1998. 


PAGE 18 

^ Heralb^Srlbutte 




World Roundup 

Goodyear Pulls Out 

FORMULA ONE Goodyear, the 
American tire maker, will pull out 
of Formula One motor racing at the 
end of the 1998 Grand Prix season, 
a company representative said 
• Wednesday. 

The spokesman said the esca- 
lating costs of Formula One. par- 
ticularly next year, when grooved 
tires are introduced, was a reason 
behind the surprise decision. 

Goodyear has been in Formula 
One since 1 965, winning 361 races. 
Drivers on Goodyear tires won 25 
drivers' titles. 

The company win continue to 
supply other motor sports, includ- 
ing the CART World Series, the 
Indy Racing League. Nascar and 
Sportscars. (Reuters) 

West Indies captain Courtney 
Walsh bowling to Inzamam. 

West Indies Fielders Fail 

cricket West Indies fielders 
dropped five potential catches off 
the Pakistani.batsqnan Inzamam-ul- 
Haqas on Wedo^ 
made 92 to help Pakistan tighten its 
grip on the first test in Peshawar. 
Inzamam ran out of partners with 
the total on 381. The West Indies, 
trailing by 230 on the first innings, 
reached 99 runs for two wickets at 
the dose of the third day. 

• Marvan Atapattu made 108 
Wednesday as Sri Lanka reached 
280 runs for four wickets on the 
First day of the first test against 
India in Mohali, India. (Reuters) 

Lomu Back in the Black 

rugby union Jonah Lomu was 
recalled to the New Zealand team 
after a 15-month absence for First 
test against England on Saturday. 
Lomu, who has been ill with a 
kidney disease, replaces Glen Os- 
borne on the left wing. (Reuters) 

Men’s Tennis Says It’s Very Sorry 

ATP Tour Promises to Reinvent Itself- as a Much Richer Sport 

By Ian Thomsen 

International Herald Tribune 


HE FIRST step toward world 
domination, as far as men *s tennis 
is concerned, is simple. The sport 
is saying sony to its fans. 

The ATP Tour, which represents 
world No. 1 Pete Sampras and all of his 
competitors, is admitting to its audi- 
ence: We haven't appealed to your 
needs. You want to follow us. to know 
more about us, and we have been mak- 
ing it too difficult. 

The ATP Tour has announced plans 
for a spectator-friendly circuit Starting in 
toe year 2000, it will scrap toe unfathom- 
able computer rankings for a system that 
will be easier to follow from week to, 
week. Furthermore, all of the top players 
will be forced to gather 12 times a year 
and play each other for the pleasure of the 
worldwide audience. 

Other improvements are being ne- 
gotiated, promises Mark Miles, the 
chief executive of toe ATP Tour. 

Over the coming year. Miles will try to 
negotiate profit sharing with toe players 
and tournament directors, mend relation- 
ships with at least three rival organi- 
zations and. he hopes, convince a truck- 
load of new international sponsors and 
TV networks to pay for it alL As the Tour 
is streamlined, some important tourna- 
ments — in Monte Carlo and Cincinnati, 
perhaps — will have to be sacrificed. 

The goal is to adapt for the frag- 
menting television market, for the arrival 
of digital TV, with its promise of thou- 
sands of channels, and for toe days when 
every TV set is linked to the Internet 

The programs which draw the largest 
audiences — uniting the world through 
TV circuits — are likely to be live- 
breaking news and sports events. Tennis 
is anticipating a media earthquake and is 
positioning itself for toe aftermath. 

“All businesses, and certainly all 
sports, have to be dynamic these days,” 
said Miles, 43. who in another life man- 
aged the successful 1980 Indiana sen- 
atorial campaign of Dan Quayle. 

Anyone who can get Quay lie elected to 
anything has to be considered an expert 
in politics, but Miles was surprised last 
March when his ambitions for toe sport 
were met with an outcry in Europe. Euro- 
pean players and tournament directors 

felt they hadn't been consulted, that this 
American “vision” was going to be 
stuffed down their throats tike so many 
Steven Spielberg movies. The rules woe 
quickly rewritten to put a retired Euro- 
pean player, David Felgate, on toe six- 
man ATP Tour Board of Director. 

In July toe European players elected 
themselves to a majority position on the 
nine-man Players Council. Thomas 
Muster of Austria represents players in 
the Top 10, Tim Henman of Britain 
works for players ranked from No. H to 
No. 25, and Magnus Larsson of Sweden 
for those from No. 26 to No. 50. 

The players have also agreed to be 
more accessible for clinics with chil- 
dren. charity work and media inter- 
views. Until now the Tour has never 
been organized well enough to demand a 
public-relations standard for its players. 

“Generally, in other sports players 
are putting a little bit more back into the 
game,” Henman said. “Players have to 
realize that this is our responsibility, our 

T HE TOUR leaders have been 
openly admitting their faults be- 
cause it's the only way to con- 
vince the players and tournaments to 
accept a streamlined tour. 

“we’re doing it with a Little reluc- 
tance.” said Larry Scott, toe tour's chief 
operating officer. “It does put pressure 
on us to deliver. If we talk about our 
problems and ways to address them and 
then we can't deliver it, we’re setting 
ourselves up for failure." 

The makeup of die new Tour is still in 
doubt. The board ruled last weekend that 
toe four Grand Slam tournaments — 
Wimbledon and toe Australian. French 
and US Opens — will become man- 
datory events for toe world's top players, 
along with seven ATP Tour events. This 
means that two tournaments in the Tour's 
current * ’Super Nine” series will have to 
be downgraded. 

“I understand the concept of ‘less is 
more,* ” said Patrice Dominguez, co- 
director of the Monte Carlo tournament 
in April, which finds itself competing 
with the Italian Open in Rome and toe 
German Open in Hamburg to become 
one of toe two European clay-couit 
tournaments on toe revised calendar. 
“Tennis needs to evolve, butit is time to 

reduce the number of bad tournaments, 
not the good ones.” 

Dominguez pointed out that the top 
seven series will be based entirely in 
Europe and toe United Stales, ignoring 
Asia, South America and Africa. 

“We would like to have had one of 
these events in Asia, ' ’ Miles said. He said 
the ATP Tour World Championship, cur- 
rently held at toe end of year in Germany, 
could visit the lucrative Asian market in 
2000, when it will begin to move to a 
different bidding city each year. 

Miles is hoping that negotiations will 
result in the rival Grand Slam Cup mer- 
ging with his World Championship. Ne- 
gotiations are underway with toe wom- 
en’s tour — toe WTA — to add 
women's tournaments to toe main 
men’s events. Currently women and 
men share courts at toe four Grand 
Slams and the Lipton in Florida. 

The partnership of women and men 
would further simplify tennis for toe 
world at large, and potentially increase 
toe marketing value for both tours — the 
driving engine behind the plan. Cur- 
rently toe top tournaments negotiate 
their owo sponsorships and TV deals. If 
Miles has his way, the Tour — or tours 
— will negotiate rights on behalf of 
those tournaments, leading potentially 
to a single marketing strategy, a higher 
standardized level of TV coverage, and 
more profit for all. 

This year toe ATP Tour was associated 
with 79 professional tournaments around 
toe world. The majority were televised 
internationally, creating a glut which 

This decentralized system. Miles pre- 
dicts, means ATP Tour events will earn 
only SI 00 million from the 1999 world- 
wide TV rights — a pittance in today’s 
billion-do liar marketplace. 

“All of this isa good start,” said Dr. 
Joachim Schmidt, senior vice president 

. > -<- 


nb i‘ » 

? -raw-. 

1 4 * 


■* i "•*. . 

of sales and marketing at Mercedes, 
which has sponsored toe ATP Tour's 
“Super Nine’" events since the series 
started last year. “They have a lot of 
negotiating to do with the other parties, 
but I believe the seven tournaments will 
become much more popular than toe 
Super Nine are now. Within the next 
month we will start negotiating. We 
think it should be a ‘Mercedes Super 
Seven’ series.” 

MDuc Segtt'Raitet* 

PARTING SHOT — Alike Haber returning the ball to Iva Majoli in the 
first round of the season-ending Chase Championships in New York. 
Majoli beat Huber, 7-6 (7-5), 7-6 (7-2). Martina Hingis beat Brenda 
Schultz-McCarthy, who retired because of a broken toenail, 7-6 (7-3), 5- 
2. In other matches, Jana Novotna beat Conchita Martinez, 6-4, 6-4. 

No. 1 Sampras Has Nothing to Lose 

International Herald Tribune . 

Perhaps the worst indictment of the 
ATP Tour's need for change is the pre- 
dicament of Pete Sampras. 

Sampras, 26, has been toe world’s No. 
1 for each of toe last five years. Last 
weekend his tour elected him the top 
player of its first 25 years. 

Yet, whenever toe problems of men’s 
tennis are mentioned, Sampras usually 
absorbs some of toe blame for not being 
colorful enough, for not showing his 
emotions. It may be proved in 2000, 
when tennis’s first true “pennant race” is 
under way, that Sampras has been a 
victim of his sport’s poor structure. If 
Sampras isn't appreciated, it’s probably 
because few fans are able to follow him 
through toe regular season. 

His ranking is based on his 14 best 
results over toe year, which a computer 
then compares against his performances 
of toe year before. He won eight tour- 
naments this year and 13 of his 14 

matches against Top 10 opponents, but 
for the world at large Sampras comes into 
view at Wimbledon and toe U.S. Open. 

The new ranking system, beginning in 
2000, will force the best to play in the four 
Grand Slams and the ATP Tour’s seven 
top events. The rankings will be sim- 

J ilified. Players will start at zero points in 
amiary. The one with the most points at 
the end of toe year will be No. 1. 

Players will be penalized financially 
— from their year-ending bonus — as 
well as in their ranking, if they avoid the 
best competition, a practice invited by 
the current system. 

“Obviously it’s not an easy tiling to 
understand for the general public," said 
Tun Henman of Britain, a represen- 
tative on toe ATP Tour Players Council. 
* ‘I won the tournament in Tashkent and 
my ranking didn’t move. I stayed 20 in 
the world. For a vast majority of this 
year, Stefan Edberg was ranked in the 
top 100 — people are going to look at 


“When I have a bad loss, it doesn't 
necessarily jeopardize my ranking to any 
extent. That’s where players understand 
there is a need for change. To be honest. 
I don't get involved in any of this.” 

Why should he? The new system has 
been designed to emulate his stratgey of 
saving his best for the top tournaments. 
In three years, his talents may be put into 
better perspective. 

Ana if none of these changes were 
being implemented? 

"The game would continue to be 
very exciting, the standards would be 
high,'* Henman said. 4 ‘But other sports, 
which are our competitors, would be 
moving on. However good the play was 
on our Tour, tennis would be left behind 
to some extent,” 

Sampras would continue to lose 
against Michael Jordan and Ronaldo. 

Ian Thomsen 

Manager, Citing ‘Pride,’ 


CoetpUrd by OnrSaffFroBi Dis/xarha 

Tottenham Hotspur, the English 
Premier League club, held an unusual 
. news conference Wednesday. . . - A 

The club plans another. on Thurs- 
day to introduce its new manager, 
Christian Gross, now with the Swiss 
club Grasshoppers. On Wednesday, it 

World Soccii 

was the turn of toe manager, Gerry 
Francis, to talk, with toe club chair- 
man, Alan Sugar, sitting beside him. 

“It is an honor to manage a club 
tike Tottenham,” Francis said. “But 
there comes a time when your own 
personal pride makes you go to toe 
chairman and ask him what he thinks. 
I felt it would give toe players a bit of 
a release if I resigned.” 

Francis’s advice for Gross: “Man- 
aging Tottenham is a difficult job. In 
many ways it is quite a political club; 
it is a big club potentially but league 
results don't always show it, and they 
have not won the tide for 36 years. 

Sugar appeared genuinely upset 
that Francis was leaving, saying: 
"Gerry is no-qu 
• it is novposs*We f©r**hii 
here becauseof the snawbJB^fcffeeTfef i 
a media campaign.” 

• Michael Owen, 17. scored a hat 
trick in a 3-0 victory over toe Second 
Division Grimsby to put Liveapool 
into tiie English League Cup quarterfi- 
nals. Reading, of toe First Division, 
eliminated Leeds of the Premier 
League. 3-2. Trevor Morley scored the 
winning god with five minutes left. 

GERMANY Borussia Dortmund, toe 
European champion, beat Wolfsburg, 
2-1, in toe Bundesliga but was- booed 
by its fans. The victory lifted 
Dortmund to 10th position, 15 points 
behind the leader, Kaiserslautern. 

United states Angry at not being 
selected to stage a marquee event for 
the 1999 Women’s World Cup, of- 
ficials at RFK Stadium in Washing- 
ton, D.C, have informed toe cup’s 
organizers that they will not take part 
in the games. (WP, Reuters) 


V \ 


' Escorts 6 Guides 






Escort Agency Cndt Onto ffafcom 

TEL: LONDON ++ 44 (0) 

0171 589 5237 

Hie Worth met Estafte nd 
Expmfve Escort Agncy 

• Woridwife* 


ABurtfc Group Soprano QMetan 

*44 ( 0)7000 74 46 46 

She has tat 'CM fc Stote*, 

Tab +444 (0) 7000 77 0* 38 


ttWffi Fast 1 Uoa BcWw Sewn 
Modab, Benty Owen, Actants 
Enwttten, Hastens, Sanatoria* 
IWBnguat Tawl Conranfcan 
•RaW. *Btat ta New Yof* by Ns* 
Yort Mag FsduaJ a) rtsnsfca Nms 
M atte StY Video tapes A Ruin oat 
** for tattm Ciedi cads accapad. 

U lrttiUMi haM 


and Mw DK Santo* 





2 d MB 

+44 (D) 7071 558 899 

cntB cants 

Escort Agency 




♦ 31 - 654 - 228-124 

WBtstmS Esoat A Tate 

Ylema uSStUSSS 41 « a atefi canto 


+ 431 - 20-427 28 27 

ZwfcfrGmn Basel Dili 

Frarttfart MahtWlaibiden CuhijHi- 

rto»— IL— 1_1. Q-jL, 

wuwHJCTguoon mr\r,n iwiip* 

Bnnreli AnBrop + fc Wanna 

LONDON: ( 0 ) 171-978 6606 

COSOS Escort Agaocy • Cradl Canto 



CM +48 22 671 CB 4 B Of *48 602 224145 




TEL LONDON 0044 ( 0 ) 

467 497 873 

For BU Ml 03254030953 AM Onto 



51 BaaudmB Place, London SWt 

Tdfc 0 T 714 M S 513 

exclusive Escort service 

Staring, ftphHttM. EdraW lafes 
(&Sta & Fret* Speaking) 

TEL LONDON 0171 589 4824 

RfobSe: 0370 940 9 Q 2 


Cal 022/ 346 (M ra Escot Agency 




LONDON 0171 362 7000 

AR cants. Mntct bootangs eWota 

* 0.1 PARX AVENUE Escort S«Yitt 
Shmrg Models and ft 

BUe as ywr compartai London Tat 

0171 578 2892 rf oadi canto 

FAR EASTERN 0850 521 074 
Japanese Aston. Korean. CuUnan. 

Thai, Chinese. Matoyston A PhCppto 
London Escot Agency 


Saply The Best Escort Santa 

Loots 24 ta 0171 58 BQ 059 


WstHafek Eacotiw Escort Sank* 
London Paris Zurich Bneaela 

Ptagua Shawm Garramr USA 
HDO+OTm 7000 444478 


tong figua, FanMie A Qttinau Private 
8 B 0 rt StoMB London 0956 1 » 996 


FW He and 8 ha. Estate Knee 1967 . 
Tsfctai( 0)20 63 B 245 Ma 03 BZ 7 

* BEAM * KT0 

Escon Sente 

TaL *49-30-88093715 


Tat 0041-848 93 70 77 - Cradl Certs 


Rita Escon Saws 

Tat 0172 • 301 45 95 

Exdistos Baganl Educated A Frientfly 
Utodon & Haefinw. 01819082261 Canto 

■•CONCEPT 2 0 0 0** 

FTWKRJRT 068 • 955 20 774 

ESC0HT SERVICE - 0211)38 31 41 


Rinata Escort * Towel Santa 

Tat ceil - 435 06 87 

Feotara Lacies Top Ctaas veiy Dkowi 
L ondon. Tel 0171 371 9772 


Affiacrire, tst prttaa escort tBarelser- 
tace Tel 0171 - 62 44 552. 24 tta 


GMGSI Earn Sanrice 

T* 022 1 731 9081 

UGH LFE * VEXNA * 24 ho. 

VEWA ++43- 1-3675600 al OB* carts 

NRSTYStaitig En^sh Sq»modd 
ntato Escort Sentca Haaflwwilon- 
dm Tat 0171 B35 0971 Oral carts 


Ha ura, RuiWHsqua, Pmt& Escorts. 

*** HAOT0 GLAMOUR *** 

TOP CLASS Escort Sarto. Endtai 

Betara mtinpt Tat 34-1-373 K38 

MONIQUE BeaatHgl Blond 

High cubs Private Escort Samoa 
Karak^cn Tat 0171835 1895 

Stole*. 5.. Rfidtle Wsnzatfe 2a 
02226BB 86 B4 

MUKH M PRIVATE Eacort Stoke 
Aastee blond ta, 9 an - 9 pm 

T* 149 - 89 - 13 91 309 

Lonta'i Number One Escort Santo. 

Tflk 0171 S34 3339 - 24hra 


BocrtStofee. wasbesdkss 

Atastom. Tat +31 0 38096090 

flow Ended and Seiran and Wan. 
Cal UK OKO 528 270 



NBA Standi aras 











Mew Jersey 



New York 










































































Sen Antorito 



















H ooston 
















LA. Lakes 




— - 


























Golden Slate 





Vancouver 1? 33 If 29—100 

Danvar 22 21 21 23- «7 

V; E dwarf* 9-156-627. Abdur-RcMm 8-15 
3-0 lfc Ddodtson 7-14 3-5 18. ESs 6-13 2-2 

17. Ratminfe-vancouver 53 (Thorpe 7). 

Denver 90 (Gerratt 11). Vancouver 

25 (Maffeerw 5), Denver 18 (Jackson 7). 
Mhaieeoto 38 H 31 33-108 

Photflft 22 28 22 18-98 

M: Garnett 9-14 8-8 2&Marbury 9-123-6 23; 
P: Johnson 10-1 B 7-9 27, Manning 7-1 2 6-8 20. 
Rati rank— Minnesota 49 (Gugtotio 10), 
Ptoenfe 42 (Manning 11). 

Assists— M (meson 22 (Garnett GugBcfto 

B), Phoanbc21 (Johnson 8). 

ULU*srs 79 T8 23 27- 97 

Utah 31 22 25 14- 92 

U^Von Enel 4-13 10-10 19, Bryant 4-10 
11-12 Ifc IhMalone 10-22 6-8 26, HanwcekS- 
10 6-6 IS. RetoMta-Ua Angeles 51 
(ONsatft, Utah 44 [Malone 9). Assists— tos 
Angeles 19 OMn Exnl 5). Utah 26 (EWey 7). 

22 31 22 20— 95 

22 31 24 25—102 

D: Green 7-15 6-72(1 Bradley 8-1 1 2-2 IS S: 
WOSanuon 18-160-1 2a Funderburk* 7-84-4 

18. IWMands— Daks 47 (Green 13), 
So ci uroento 60 (Potynioe 13). 
Assists— Dallas ,20 (Sturt. Stridden! 4J. 
Sacramento 23 (Johnson 10). 


NHL Standings 



Bast SB IS M 32 31—122 

Toronto 16 22 35 34-109 

Christie 6-8 11-1 12&5kHidamlre 6-159-1021. 
Manta-Boston 45 (Wcter 1(0. Taranto 
52 [Wallace 12). Ass ist s G orto n 32 (BBiupi 
8). Taranto 25 (Staudaita Rssperf «. 
ULOtpoon 36 28 21 17— 94 

Orindo 29 33 29 11-112 

LA: Bony 9-17 1-1 21, Murray 6-12 2-2 1* 
Os Price 10-13 (H> 22, Selkaty 9-17 3-5 21. 
Ke beande Los Angeles 39 (Vougftt Wright 
fl. Orion* 64 (Selkaty 11). Mtots-Loa 
Angeles 16 (Martin 5). Crtondo 2S (Price 81. 
ffasfetagta It 26 26 W •— » 

Altntfl 19 20 21 27 9- M 

W: Striddand 9-15 4-4 24 Howard 8-19 46 
20 A Loettner 9-22 6-824 Bbytock 10403- 
3 M-R a hwds— Washingt on 58 (Dovto 12). 
Alton* 67 (Cortrirv Lnether, Mutant* 11). 
Assists— Washington 13 (Striddond 10), 
Manta 12 (Laottmr3). 

New York 25 17 19 23— H 

Hoaxtoa 26 22 12 35- 95 

N.Y.- Starts 8-17 11-13 29. Wart 56 2-2 16 
H:Ok*wran 10-144-1 24 Maloney 4-n n-13 
23. R ^oe nds Nan Yoric 54 (Johnson to), 
Houston 51 rWTOsft. Assists— New York 12 
(Mari 5). Houston 19 (Orator fi). 

Detroit 13 16 21 29-79 

MBwoutae 14 17 25 31—87 

D: B.WnSomc 11-14 6-9 2& RoHff 44 7-9 
lSrAfc Brandon 9-193421, Allen 7-20 £6 21. 
Rs h aends— Detroit 50 (B-WWann SOI 
MBwoukee60 (T.HS 17). AcsWs— Detroit 20 
(GMB 8). MteoDtae l s OMtnm 5). 

New Jersey 
N.Y. Rangers 
N.Y. istonden 
Tanga Bar 





6 10 







5t. Louis 






2 16 

W I T Pb 
14 5 2 30 
11 7 3 2S 
9 9 4 22 
9 9 4 22 
8 10 3 19 

5 10 4 14 

62 35 

68 51 ■ 

66 56 

54 5) 

56. 50 
43 60 
34 72 

71 45 

55 49 

62 57 

59 59 
58 62 
47 61 

N J.-GHmoer 5 (Sykora, Ntederawyari X C- 
Casseis 4 (Plaury) Ttdrd Parted: None. 5hols 
an got* C- 3-3-7— 1Z NJ^ 13-18-10— <1. 
Geotfac C-Tdromod. NJ^Bradaur. 
Colorado 2 2 2 9-6 

Washington 1 4 1 0-6 

Hrsl Porto* W-BuBs 3 OCiygtot WlflZC- 
Lamlenc 5 (Fonberg, Kamensky) 3, C> 
Lemtanc 6 (Fonberg) Second Porto* W- 
Hunter 3 (Bcrabw Hoasfoy) S. C-Lenttan 7 
(Kamensky. Forabetg) (pj>). 6, W-Ttawdl 4 
fOates) 7. C-Yefle3 Ooaofc LemieuO 1 W- 
Simon 3 (Bondra. Johansson) 9. W-Bondra 
13 (Oafo& Simon) (an). Third Period— 10, C- 
Kameiwky 8 (Lsrataa) 11. C-Fonberg 5 
(SaUc, Kamensky) (ptf.12, W-, Bondra 14 
(Kemwaktiuto Cote) omthK Nora Shots 
on gort: C- 13-11-10^-37. W- 8-16-8-1—33. 
Gooflos: C-BMngtorv Roy. BIRngten. Wv 

N.Y. Reagsn 1 0 2-3 

Ft artdo 8 i 9-1 

Ffcst Parted: New Yoric. Ltodbom 1 
(LoFontatra Udrteri Second Parted: F- 
Svehta 2 (Whitney, Sheppard) (pp). Thfcd 
Ported: How Yort. L u P entai iB 11 (Kavata 
Loetdi) 4, New York. Sondstram 8 (Gretzky, 
Kowriev) (pp). S trots on gooh New York 8-3- 
9-20. F- 11-99-29. Soattes: New Ybrtt, 

Amriwfcn 0 1 1-2 

SanJoae 2 1 1—4 

Hrst Ported-- SJ/Moriem 2 (Stum. GHJ 
(pp). 3, SJvFrtesen 8 (Stum Ragnoneon} 
Second Ported: SJ.-Frtesen 9 CNoton) (40.4. 
A-Rucdibi 2 (Korpa. Tmka) (pp). TIM 
Ported: Sj^Warieau 3 (Potomsid Mcsoriey) 
& A-Todd 3 (Tmka, Rncchto) (pp). Shots aa 
go* A- 3-6-13—22. 5J- 13-104-31. 
Cotas A- Hebert, SJ^Vemen, 


naans vs. mi lanka 

tninui, 1ST DAY 

Sri Lonfco 280-4 



detunt— T raded INF Trarta Ftyrtxm to 
Aitama for3B Joe Rondo. RHP Matt Draws 

and 3B Gabe Alvarez. Agreed to terms srith f * 

1 B Tony Clark on 4-year contnxd. 

Milwaukee— A greed to terms with RHP 
Doug Jones on ) -year contract 
N.Y. YANKEES -Acquired 3B Scott BrosIllS 
fmnt Oakland to complete Kwtrry Rogers 

SEATTLE— Agreed to term* with 2B Joey 
Cora on I -year contract. 

TAMPA oat— A greed to terns with RHP 
Roberto Hemondez on 4-year contract. Ac- 
quired IB Fred McGrtff from Atlanta tor ptov- 
erto be nomad. Nomad Frank Howora bench 
ooodb Cony RJddcch third base coodi, BB) 
Htddier first basecoocto Rick WRdnu pitch- 
togcoodi oid 5te*e Hsndertwri 'hitting 

AUioKA— Acquired CF Devon White from 
Florida for LHP Jesus MarttoeLAequired OF 
Harvey PuUom from Colorado for LHP Chuck 

cut cm NATL— Acquired IB Dmitri Young 
from Tampa Bay to complete Mike Kofly 
trod*. Acquired RHP Scott winchester from 

Arizona to camplrte Fefix Rodftpu« tredo. 

Colorado— Agreed to terms with c Jeff 

Reed on 2-yeoreantratf and INF Jeff Huson 

on mtow-toogua contract 
FIABOA-Traded RHP Robb Nan to s® 
Fnmdscn tor RHP Mike VWono, RHP Joe 
Fontenot and RHP Mick P ogel o r. Traded i 

RHPK^tMHIerto Otago Cub, taping if 

db named. % a/ 


be ruined. Traded 2B Mike UnslnatoCeL 
«odo tar RHP Joke Westbrook, RHP John 
Ntawtaon-ondOF Mark HamHn. ' ' 

PHlLAbELPHiA-Traded SS Kevin Stedcer 

S«t disco— A cquired RHP . Brian 


Loe Angeles 



San Jose 




W L T Pb GF U 

IS 5 2 32 72 47 

13 5 4 3D 73 S 

12 6 4 28 70 55 

10 8 2 22 S3 56 

7 12 2 16 40 B 

6 10 3 15 38 56 



10 S 7 27 67 a 

9 8 4 22 72 60 

8 9 5 21 .56 63 

5 11 5 15 49 73 

7 14 J 15 57 71 

13 53 74 

Grand Slam 

Ftnrt ecore e Tuosdey of the Si million 
PGA Grand Stem, played on the (L957-ywd, 
pep-72 Mpu Bey Raeart come In Hawd: 
Ernie Eis 6W5-I33 

Tiger Woods 66-70-136 

Darts Love 3d 71-67—139 

Jasfti Leonard 77-72-149 


5 13 2 

3 14 5 11 54 73 
Ctogray 0 1 9-1 

NawJereey 8 2 8-8 

Rrst Peris* None. Second Parted: UJr 
Pederson 3 (Zotopvton NMeimnyei) % 

•ntsaoKi. m non vomc 
. msr ROUND 

Iva MrdoO (A CroflBo, dtf. Ante Huber. 
Germany, 7-6 U-SbTSO-Tii McrtVw Hingis 
CD, swltanand dot Brenda SdHtaMe- 
Carttiy, Nettwrtaidi,7-«(7-3L5-Z retired. 

Jam Novotna (25, Czech RepubSc def. 
ConcMta Mertmto Spain, 4-4, M. 

eou>EN STATE— Actuated F Dovto 

S^^^ 8APu,FDuor,e, ^« 

Milwaukee— A cttvotad c Andrew 1 * 
frara toluted Bet Waived F 7)m BmwT* 


CHICACO-Re^igiied CB TtaSh,m-n 
Signed DE Moth Lee to pradtaSL^^ 
DBKVEK-Activated WR DmfiTSmhl- 
tatopractasquod. Released WR 

■an MY— ActiMM LB Gegrae Konnn 

ton. waived Brandon Nobte^' CB f* 

Braaey torn practice squoa. B Mari0 V 
TOHESU 8— Released KH Mel Gray 

I . . 




mb m 



PAGE 19 


Capitals Tie 
In a Seesaw 

The Associated Press 

!• Although players .on both «ra«« kept 
; milring about how much they enjoy eda 
6-6 tie, Washington goalie Bill Ranford 
; .was not among them. 

> “My job is to stop the puck, and I 
didn't do that enough tones, ’ said Ran- 
dord, who nonetheless conceded that a 

■ ' NHLtouNBUP 


.* ■ 

tie was an improvement “The last three 
games I’ve played. I've lost, so it’s a 
startingpoinL ’ ’ 

■ Ranford, coming back from injury, 
has won only once in six starts this 
season. He finished with 31 saves and 
m a de a number of" difficult stops against 
visiting Colorado Avalanche, bat Claude 
T epnege scored three times against him 
and also assisted on two other goals. 

Both Poser Forsberg antf Valeri Ka- 
mensky hada goal and three assists for 
Colorado. Neither Forsberg nor 
Lemieatx had scored a goal in more than 
a month. The Avalanche also ended an 
0-for-28 drought on the power play by 
scoring twice with a man advantage. 

Peter Bondra led the Capitals with 
.two goods and an assist in the seesaw 
; contest, and Chris Simon added a goal 
•and an assist Bondra's power-play goal 
7 with 5:04 left tied fee game at 6 . 

; Players from both teams talked about 
•how much they enjoyed the shootout 
'“We just kept going," Bondra said. 
;“We kept fighting and getting through 
'to pot fee puck in fee net" 

; Both coaches said they liked how 
;their teams fought in fee game. 

Dwh^Bwi New Jersey won its 
; seventh straight game and fee life 
-straight for goalie Martin Brodeur by 
beating hapless Calgary. Brodeur 
- needed only 11 saves as the Devils 
• • • cwlshot fee Flames by 41 -1Z 

h — nwi a, PmUwn i Pat LaFontaine 
... . 7’’ had a goal and an assist, and Mike 

■' Richter made 30 saves as New York 
— . beat Florida to start a road trip. 

Shades 4, IBfrftfy Ducks 2 Jeff Friesen 
, l j ■ ] * and Patrick Mariean scored two goals 
m if ) Tm each for San Jose against Anaheim, as the 

** 4 11 * Sharks ended a three-game losing streak. 

The Hot- Stove League 
Has a Smokin’ Session 

Arizona and Tampa Stock Rosters;: 
Tempest of Trades Moves 31 Player^ 


PHOENIX — While name after vir- 
tually unrecognizable name went up on 
fee Arizona and Tampa Bay roster 
boards in baseball's expansion draft, six 
well-known names — including Devon 
White and Robb Nen of the dismantling 
Florida Marlins — were traded in an 
unprecedented flurry of deals. 

When the weeklong moratorium on 
trades was lifted as soon as fee draft 
ended, 31 players switched teams on 
Tuesday njgbt in 13 simultaneous 

> LL 1 X 1 

Jatan tWi i nqrr/rhr A»» atmr4 Piro 

Atlanta Hawks forward Christian Laettner driving to the hoop as Harvey Grant of the Wizards defends. 

Hawks and Lakers Win With Authority 

The Associated Press. 

The Atlanta Hawks and Los Angeles 
takers are still undefeated because both 
teams know howto finish wife a flurry. 

The, Hawks improved their record to 
11-0 Tuesday night by holding Wash- 
ington scoreless in overtime as feey bear 
fee Wizards, 98-89. 

The Lakers, meanwhile, bad a much 
mare dramatic finish to impr ove to 9-0 
as Kobe Bryant blocked a 3-point at- 
tempt by Bryon Russell and went in for 
a buzzer-beating win dmill dunk to cap a 
97-92 victory at Utah. . 

“He certainly had better composure 
titan I did," said Del Hams, fee Lakers 
coach, who jumped up and down and 
pumped his fist at the Utah crowd after 
fee game. 

The Lakers’ win snapped a three- 

game winning streak for the Jazz. Utah 
Had beaten the Lakers ei ght straight 
times in Salt Lake City, including three 
victories in last season’s Western Con- 
ference semifinals. 

With four seconds left and the Lakers 
up 95-9Z Russell took an in bounds pass 

and squared up from 25 feet. But the ball 
was swatted to midcouit by Bryant, who 
then scooped it up and dunked wife six- 
tenths of a second to play. 

“1 wanted to come out and make a 
statement,’ ’ Bryant said. ‘T didn’t want 
to dribble that last ball off my foot." 

“1 think we gave one away," Utah 
coach Jerry Sloan said. ‘ ‘They got every 

NBA Roundup 

loose basketbalL” The Lakers also got 
every fourth-quarter free throw. They 
shot 14 free throws in the quarter; fee 
Jazz shot none. “I won’t comment" on 
fee officiating, Sloan said. 

Hawks 98, Karris 89 In Atlanta, 
Christian Laettner and Mookie Blay- 
lock scored 24 points apiece, and rookie 
Ed Gray scored seven points in overtime 
when fee Hawks ontscored Washing- 
ton, 9-0. 

“It was two games," said Gray, who 
scored 14 points. “They won the first 
three periods, but we won the fourth and 
fee OT." 

l.ltll HitlSpU! 

Els Snatches PGA Grand Slam 

By Jack Cavanaugh 

New York Times Service 

KOLOA, Hawaii Maybe it was 
ati the travel Maybe it was the cold be ' 
picked up during a lucrative series of 

Tiger Woods blasting out of & 
blinker at the 14th hole in Hawau. 

Maybe it was the play of Ernie !. 

. Everything seemed to catch up wife 
Tiger Woods on Tuesday in the second 
and final round of fee $1 million Mas- 
terCard PGA Grand Slam, an event 
Woods led by two strokes after a six- 
undex-par 66 Monday. 

Els, a Sou* African, passed Woods 
on the seventh hole Tuesday en route 
to a 65 and a three-stroke victory ai the 
sodden Poipu Bay Resort Golf Course 
on the island of KauaL 

Els, who won his second U.S. Open 
championship in June, finished at a 
tournament-record 11 -under-par 133. 
That earned Mm $400,000 in an event 

for the winners of the four Grand Slam 
tournaments. Woods, the Masters 
champion, shot a 70, ended up at 136 
and collected $250,000. 

Davis Love 3d,- fee PGA titieist, 
carded a 67 to finish at 138 ($200,000), 
and Justin Leonard, fee British Open 
champion, had a closing par-72 for 
149 and $150,000. 

Though he did not use it as an 
-excuse, Woods said “there was a little 
tiredness'" following not only a long 
1997 schedule feat earned him first 
place in earnings and Player of the 
Year honors, but also a trip to Japan. 
“I didn’t space my schedule as well as 
1 should lave," he said, “and there 
was wear and tear on my body.” 

Els said he was well-rested after 
having taken two weeks off after fee 
Tour Championship this month. “I 
finished 26fe out of 30 players, so I 
thought 1 needed a rest," he said. 

Bodwts 95, Kntcfcs 84 In Houston, 
Hakeem Olajnwon found his shooting 
touch and scored 24 points, and Matt 
Maloney finished one shy of his career 
high wife 23. 

Olajnwon, who entered fee game av- 
eraging only 14.1 points, put Houston 
ahead for good on two free throws wife 
4:31 to play. Houston snapped its four- 
game losing streak and ended New 
York's three-game victory streak. 

TimbarwolvM 108, Suns 90 Stephon 
Marbury scared 11 of his 23 points in 
fee final 5:13 as Minnesota used a late 
15-0 surge to win in Phoenix. 

Kevin Garnett led fee Timberwoh/es 
wife 26 points, and Tom Gugliotta added 
20 points, 10 rebounds aad eight assists. 

Bucks 97, Pistons 79 In Milwaukee, 
the Bucks led just 3 1-29 at fee half, and 
fee combined 60points was only two 
more than fee NBA record low of 58 
scared by Syracuse and Fort Wayne on 
Jan. 25. 1955. Detroit coach Doug 
Collins described his club as “awfuL” 

Celtics 122, Raptors 109 Dee Brown 
went 4-of-4 from three-point range in 
the fust half as Boston built a 23-point 
lead and cruised to victory in Toronto. It 
was the Celtics' fourth straight victory. 

John Wallace scored a career-high 30 
points wife 12 rebounds for the Raptors, 
who looked sluggish and uninterested in 
the wake of an announcement by general 
manager Isiah Thomas fear he was think- 
ing of leaving the club for a broadcasting 
job at NBC. the U.S. TV network. • • 

Magic 112, Cfipp*cs 94 In Orlando, 
Mark Price snapped out of a shooting 
slump and hit 10 of 13 shots and scored 
23 points as the Magic beat Los 

flndu 100, Nuggatv 87 Blue Ed- 
wards scored 27 points, and Shareef 
Abdur-Rahim added 18 as Vancouver 
won its first road game this season. It 
was the fifth victory of the season for the 
Grizzlies, who didn’t win that many last 
year until Dec. 17. Denver lost for a 
franchise-record ninth time to start the 

Kings 102, Mwnrirff 95 In Sacra- 
mento. A.C. Green tied the NBA record 
by playing in his 906th consecutive 
game, but his team lost its seventh 

trades. “It was a great moment for base- 
ball,” said Joe Garagiola Jr., general 
manager of the expansion Arizona Dia- 
mondbacks. “This is fee kind of activity 
we used to have at the old winter meet- 
ings that the fans love." 

After seven tedious hours in which 
the two expansion clubs shunned stars 
for no-names, teams rushed the podium 
to announce their deals. 

"It was a thrill to be involved in the 
situation tonight." said Chuck LaMar, 
general manager of the Tampa Bay 
Devil Rays. "We had some scenario 
with every team during die week, or 
almost every team.” 

The trades included: 

• The Marlins, seeking to slash feeir 
payroll, traded White, feeir center field- 
er, who has a $3.5 million salary for next 
season, to the Diamondbacks for Jesus 
Martinez, younger brother of Pedro and 
Ramon Martinez. Ramon was selected 
from Los Angeles in fee third and last 
round of the draft. 

• The Marlins al so traded their closer, 
Nen. to the San Francisco Giants. 

• The Montreal Expos traded Pedro 
Martinez, fee National League Cy 
Young award winner, to fee Boston Red 
Sox for Carl Pavano, a prized minor- 
league pitcher, and a player to be named 

•The Detroit Tigers traded Travis 
Fryman, feeir third baseman with a $6.5 
million salary next season, to the Dia- 
mondbacks for three players they se- 
lected in fee draft — third basemen Joe 
Randa and Gabe Alvarez, and fee pitch- 
er Matt Drews. 

• The Expos traded Mike Lansing, 
their second baseman, to fee Colorado 
Rockies for three minor-league players. 
The deal nearly fell through because 
Bryan Rekar, a pitcher who was sup- 
posed to be in the trade, was drafted in 
the second round by Tampa Bay. 

• The Devil Rays acquired first base- 
man Fred McGriff from Atlanta for a 
player to be named. The Devil Rays also 
announced fee signing of Roberto 
Hernandez, a free -agent relief pitcher, 
who played for the Chicago White Sox 
and fee Giants this past season. 

In all, 10 trades were made involving 
28 players and three other trades were 
completed involving a player to be 
named later. One 'deal involved two 
players who were drafted from Cin- 
cinnati, then sent back to fee Reds. 

“This is an indication of what can 
happen when you put baseball people 
together," said Roland Hemond, one of 
fee Diamondbacks' vice presidents. 
“This is the kind of hot-stove action 
we’ve got to revive. " 

The Devil Rays traded four of fee 35 

players they drafted and fee Diamond!- 
backs moved three. Both expansion 
teams went heavily for young players.; 

The Devil Rays* first pick, and the 
first pick overall, was one of fee Mar- 
lins’ pitchers. Tony Saunders. The Dia- 
mondbacks also picked a pitcher first 
Cleveland's Brian Anderson. Anderson 
said he wouldn’t waste any time adding 
to his six tattoos. “I’m heading down to 
Bob’s Tattoos and I’m going to get a big 
‘A* put in fee middle of my back," he 
said. "I’m going to make sure 1 get the 
exact logo down right-" 

Arizona's third pick was Alvarez, a 
23-year-old third baseman from fee Sap 
Diego Padres. Alvarez, a native of Mex- 
ico, is a three-year minor leaguer. He 
was taken in the 1995 amateur draft by 
the Padres, whose general manager at 
the time was Randy Smith, who is now 
the Tigers’ general manager. Alvarez 
was reunited wife Smith immediately 
after the draft. 

The Tigers are a developing young 
team, and Alvarez, who batted .300 at 
Class AA Mobile last season, should fit 
right in. * 

Acquiring Fryman gave the expan- 
sion team a veteran — and expensive — 
left side of fee infield. The Diamond- 
backs signed shortstop Jay Bell as a free 
agent on Monday, giving him $34 mil- 
lion over five years. 

In acquiring White, fee Diamond- 
backs sent Jesus Martinez to fee Mar- 
lins. meaning fee youngest of the Mar- 
tinez brothers had been the property of 
three teams within fee span of about an 

In exchange for Nen. the Giants dis- 
patched three pitching prospects to Flor- 
ida: Mike Vilano, Joe Fontenot and 
Mick Pageler. ; 

"We’re going back to Florida anil 
regroup, but we expect to make more 
trades, said Dave DombrowskL the 
Marlins' general manager. 

In San Francisco, Nen will be fee 
Giants' closer, replacing Rod Beck and 
Roberto Hernandez. Beck, a free agent, 
may sign soon wife fee Diamondbacks. 
Hernandez, also free, was signed to a 
four-year, $22-5 million contract by die 
Devil Rays on Tuesday night ; 

The deal for Pedro Martinez between 
the Expos and the Red Sox had been 
made earlier in the week. Then, Mar- 
tinez’s agent reportedly told the Expos 
that fee pitcher, who can be a free agefe 
a year from now, would not sign a 
multiyear contract wife fee Red Sox. ! 

The Expos- received two more pitch- 
ers, Jake Westbrook and John Nich- 
olson, and outfielder Mike Hamlin from 
Colorado for Lansing. ; 

Jim Beattie, the Expos’ general man- 
ager, said the moves were “dictated by 
the economics of fee time." Martinez 
and Lansing are eligible for free agency 
after fee 1998 season. 

‘ ‘We do not intend to win next year, y 
Beattie said. “We’re building a cham- 
pionship club for 2001 when we hope fe 
move into a new stadium." ; . 

LaMar, fee Tampa Bay general man- 
ager. said he was extremely pleased 
with the draft and his team’s ensuing 
acquisitions. I “We went after guys we 
think have a chance to become good 
players in the future, and we needed to 
surround them with a couple of es- 
tablished players. (NYf, LAT, AP m ) 








urns ooG&esi 















w wrniu gpwp 

i e&BaegSPff 

I n 

. _ „ _ piNnwWanw 


u^suttfBWk «*>«** *"*t 



1062 AM 

WE MAD6Tw5RR|»EM»fN«' 



piHI ' 

— «! r - *- 

PACE 20 


The House of Losers 

: yy When the history of die 
Clinton administratis j$ 
written, its epitaph might be: 
They Couldn’t . Find Any- 
thing. Never have so many 
j terns been lost by so few. 

■_ An example of this came to 
light several weeks ago when 
Jthe president 
was dressing 
for a state din- 
ner, and he said 
to HUlaiy, 

-’‘Where are my 

- Hillary re- 
sponded, “I 
haven’t seen 
them. Are yon 
sure you had some?” 

“I thought I did,” said the 
president. **I’I1 call my legal 
counsel.” He picked up the 
phone. “Did I have black 
socks in the chest of drawers 
in my bedroom?” 

“None that you have to 
worry about, sir,” came the 

“I need them for the state 
'dinner tonight.” 


The lawyer said, “I’ll have 
my people search for them, 
although I hate to take them off 
Their regular job. They have 
been so busy answering sub- 

Letter From Napoleon 
Is Sold for $112,000 

Agence Fmnce-Presse 

PARIS — A letter from Na- 
poleon Bonaparte to his wife 
was auctioned for 650.000 
francs (about $112,000) here 
Wednesday, more than three 
times the estimate. 

. In the letter dated March 
30, 1796,Napoleonwrote:‘T 
have not spent a night without 

holding you in my arms 

Only my adorable Josephine 
is in my heart, occupies my 
mind, absorbs my thoughts.” 

poenas for a smoking gun that 
if they have to look for your 
socks they’ll fell behind.” 

Clinton said, ”OJK.,'caU 
the FBL Maybe they can find 
my socks.” 

With ail due respect, sir, I 
don’t think we should call the 
FBI. They may not find your 
socks, but they’re bound to 
find something else we don’t 
want Janet Reno to know 


Hillary was getting 
nervous. “Maybe you could 
borrow a pair from A1 

The president said, “I 
don’t want him to know that l 
can’t find my socks. He might 
lose respect for me." 

“Yes, but you promised to 
let your vice president in on 
everything in case he had to 
take over the presidency at a 
moment’s notice.” 

“I'm sure they’re in the 
White House somewhere.” 

Hillary asked. “Did you 
look on the third floor?" 

“Why the third floor?” 

“Because that’s where 
everything we lose is usually 

“I’ll send the housekeeper 
there.” Clinton looked 
anxiously at his watch. “But 
the Chinese premier is almost 
here. I have no choice but to 
greet him without any socks 


Hillary said helpfully, “If 
you stand up aU evening 
nobody will notice.” 

The president was about to 
go downstairs when the 
housekeeper came rushing in, 
“I found them, sir." 


“Between the Rose law 
firm’s billing records and the 
White House tapes of you 
having coffee with the Hong 
Kong soccer team." 


Civil War Novel Strikes a Prize- Winning Chord 

By David Stneitfeld 

Washington Post Service 

p HAPEL HILL, North Carolina. 
V — Charles Frazier is 47, a 
good-looking, soft-spoken, seri- 
ously bearded mountain man who 
is overqualified for acceptance into 
the Sons of Confederate Veterans: 
His great-great-grandfather, his 
great-great-uncle and various other 
ancestors all fought for the proud, 
doomed South. 

Frazier never had much interest 
in that bloody strife. He didn’t visit 
battlefields. He spumed re-enact- 
ments. He hated die way South- 
erners romanticized their defeat. He 
never joined those Sons of Con- 
federate Veterans. The last thing he 
planned was to write a book about 
the Civil War. 

Yet that turned out to be the his- 
torical sating for his first novel, 
"Cold Mountain,” which won the 
National Book Award Tuesday. 
True, there are oily a few battlefield 
scenes: The plot concerns foe trek 
that the hero, Inman, mates from his 
hospital bed in Raleigh back op to his 
home on Cold Mountain, in the far 
western comer of North Carolina. 
This is where Ada, the woman he 
loves, is wailing; half of the story is 
about her transition from an inef- 
fectual society belle to a strong, in- 
dependent woman. 

Yet every move that Inman and 
Ada make is affected by the war; 
it’s the backdrop against which 

they and the other characters move. 

“Cold Mountain" is on track to 
become the most popular novel 
about die conflict since “Gone 
With foe Wind." Nearly a million 
copies have been printed since 

Ibis is only one of the contra- 
dictions of the “Cold Mountain” 
phenomenon. Among the others: 

The year's most acclaimed writer 
sold exactly one work of fiction be- 
fore this, a story to Kansas Quarterly, 

A book that didn’t get the big hype 
from the mass media outsold any that 
did. An intensely local stray proved 
to have universal appeal. 

Most important, there's this: 

Huge n umbras of people in our urb- 
anized, high-tech, not-a-minute-to- 
lose society are finding themselves 
touched by a leisurely paced his- 
torical tale about no-tech back- 
woods folk with whom we would 
seem to have n o thin g in common, 
unless you’ve recently butchered a 
hog, scythed a field or killed a man 
after luring him into foe woods with 
foe call of a wild turkey. 

Don’t look to the author for res- 
olution of this puzzle: He’s as mys- 
tified as anyone. But be notes that 

“Cold Mountain" is a tribute to a tv- 

way of life that was once ubiquitous . Charles Frazier, the author of “Cold Mountain.” 
in foe United States: rural, self-suf- 

visual and frequently beautiful, full 
of old-fashioned words like 
“spurge” and “offscourings” and 
“ruchmg,” and unexpectedly droll. 

Here, for instance, is a snippet about 

ficient, suspicious of change for its 
own sate, independent in thought 
and action, involved with foe land in 
almost a spiritual way. 

“Cold Mountain” is intensely 

Winners of National Book Awards 

New York Times Sen-ice 

N EW YORK — “Cold Mountain,” the best- 
selling Civil War novel by Charles Frazier, won 
the National Book Award for fiction. 

The poetry prize went to William Meredith, for 
“Efforts of Speech: New and Selected Poems," de- 
scribed as the poet's “definitive” collection. 

Joseph Ellis, a professor of history at Mount Holy- 
oke College in Massachusetts, won the nonfiction 
prize for ‘ ‘ American Sphinx: the Character of Thomas 
Jefferson,’ ’ and the pnze for young people’s literature 
went to an Alabama writer, Han Nolan, for “D ancing 
on foe Edge," about a young girl fighting for her 
sanity and the psychiatrist who helps her. 

The nonprofit National Book Foundation, which 
administers the awards announced Tuesday evening, 
gave its medal for Distinguished Contribution to 
American Letters to the Pulitzer Prize-winning author 
and syndicated radio commentator Studs TerkeL 
The judges cited Frazier's “Cold Mountain” for 
being a novel “in which we again see war breeding 
craziness, a story like ‘The Odyssey,’ about attempt- 
ing to heal by going home.” “Cola Mountain” won 
over Don DeLillo’s “Underworld.” which many 
observers had expected to win. 

Also nominated for fiction were Diane Johnson’s 
“Le Divorce”; “Echo House,” by Ward Just, and 
“The Puttermesser Papers” by Cynthia Ozick. 

a young mramtain woman named 
Ruby, who "had heard stories of foe 
northern country and had come to 
understand that it was a godless land, 
or rather a land of only one god, and 
that was money. The report was that 
under foe rule of such a grabby creed 
people grew mean and bitter and 
deranged until, for lack of higher 
forms of spirit comfort, entire fam- 
ilies became mbiphine-crazed. They 
had. as well, invented a holiday 
called Thanksgiving, which Ruby 
had only recently got news of, but 
from what she gathered its features 
to be, she found it to contain the mark 
of a tainted culture. To be thankful 

Frazier wanted the novel to be 
very regional. “But I didn’t want 
dialect. I felt the music and the 
rhythm were die way to do it, rather 
than spell things funny.” The book 

doesn’t use quotation tnaijcsfoj 
dialogue, because their absence 
forced Frazier to work harder- . » 
identify who was talking through 
their very words. 

The Civil War and foe Vietnam 
War were two American coniucis 
in which large numbers of potential 
soldiere had no interest infighting. 
In a more combative time than 
today, a novel about a deserter 
probably wouldn’t sell well, or 
would at least become controver- 
sial But with foe country at peace, 
with no grand social movements, 
with political leaders inspiriiigzero 
interest, “Cold Mountain" reflects 
foe national mood. The personal is 
paramount; foe family is the only 
unit that matters. 

The side that Inman abandons is 
the Confederacy, a cause that sull 
irirullps emotions in the South- in 
South Carolina, for instance, 
there's still enough sentiment for 
foe Confederacy to allow its flag to 
fly over foe state capitol. Yet one 
small local bookstore, the Happy 
Bookseller, has sold more than 900 
copies of ‘ 'Cold Mountain. 

It’s another of foe conttadictioos 

surrounding foe book. The store's co- 
owner. Rhett Jackson, believes foal 
pop ularit y of this book with 
South Carolinians gives evidence 
they’ve gotten over some of their 
support of the things they fought for in 
foe Civil War.” Either that or "book 
readers tend to be more enlightened 
than people who don’t read." 

His wife, Katherine, who met her 
husband in sc bool in 1974, played a . 
hand in getting foe novel publisbed. 
Frazier nad met Raleigh novelist 
Kaye Gibbons through his daugh- 
ter's school, and Katherine per- 
suaded him to show Gibbons some 
chapters. She in turn showed it to 
her agent, who assigned it to an 
assistant who bad never sold a book 
before. An editor at Atlantic 
Monthly Press bought it for a sum 
just over six figures about two years 
ago. It was her first book, too. 

Fame and fortune would follow. 
“He was my little secret for all 
these years," says Katherine. 
"Now foe secret’s oul" 



The Other Russian Opera: A Maverick’s ‘Eugene Onegin’ 

By Michael Specter, 

Ne*‘ York Tunes Sen-ice 

M OSCOW — It has been a long time since 
Russian musicians or artists were forced 
to submit their work to Communist censors 
before presenting it to foe public. Perhaps as a 
reaction to so many years of stifling regularity, 
experimental productions of classical plays 
ana operas have now became routine here. 

Liberties are taken with even foe most 
standard works. Still, there are limits: Al- 
tering the music of Tchaikovsky, probably 
this country’s most beloved composer, would 
seem to exceed them. To many, even minor 
changes to “Eugene Onegin,” the com- 
poser's intimate, lyrical exploration of foe 
border between passion and fare, would be a 
clear act of heresy. 

“Oh, people can scream as long as they 
come and see it,” said Yevgeni Kolobov, the 
iconoclastic conductor whose company, foe 
Novaya Opera, is performing its searing, 
spare version of Tchaikovsky's most popular 
romantic opera on Broadway at foe Martin 
Beck Theatre through Nov. 30. 

* 'The composer gave this opera to us to live 
with,” Kolobov 1 said recently during an in- 
terview in the aging, crumped theater that he 
and the company will soon vacate for a new, far 
larger home. Kolobov has restored Tchaikovsky’s 
original ending and focused heavily on the tragedy 
within foe plot. "I must act as a translator of his 
work." he said. “That is my job. An opera is not 
like a child's painting to be colored in by a pattern. 
We need to hear what is behind foe notes. Not what 
is written on paper.” 

The 5 1 -year-old Kolobov’s attempt to get behind 
the notes has taken him from one end of Russia to 
the other. He was bom in St. Petersburg but edu- 
cated largely in the Urals, and for most ot the 1980s 
he was the chief conductor at the Kirov Theater in 
Leningrad. (It is now known again as the Maryi- 
insky Theater of Sr. Petersburg.) After that, he 
moved to Moscow to run the Stanislavsky and 
Nemirovich-Danchenko Musical Theater, one of 
foe city's most energetic and adventurous, before 
moving on to start the country's first municipal 
opera, foe Novaya. 

Many critics regard Kolobov, the company's 
artistic director, as the most creative conductor 
working in Russia today. He is certainly one of the 
roost unusual. His baton work can be frenetic, but it 

J.MltnVIV Nn, YbriTn. 

Yevgeni Kolobov, director of the Kovaya Opera. 

does not mind admitting foot he subscribes to her 
fully romantic notion of life and of music. 

“I don’t even like to use foe word genius,” said 
Alexei Parin, opera critic for foe newspaper Ob- 
shchaya Gazeta. “But we can now say there exists 
a great musician again in this country. And his 
name is Yevgeni Kolobov." Parin had particular 
praise for foe conductor’s insistence.on producing 
work that other companies ignore. He said his 
romanticism and freedom of thought were each 
evocatively on display in his production of “Eu- 
gene OneginL" 

“I think by forgetting about every other in- 
terpretation and looking at foe music as if it were 
new, the work there is unforgettable.* ’ he said. The 
company alternates operatic presentations with 
conceits and evenings for soloists. 

The company was invited to New York as pan of 
the 850th- anniversary celebration for foe city of 
Moscow. It is the first time such a group will have 
made an extended stay on Broadway. “Broadway,” 
Kolobov chews a bit on the word as be speaks it, "it 

Although trained conservatively in foe Rus- 
sian tradition, Kolobov has long been famous, 
some would also say obstinate, for his refusal 
to pursue foe musical goals of others. That 
could explain why, without hesitation or regret, 
he turned down an offer to become director of 
foe Bolshoi Opera, a company that has been 
plagued by recent troubles bur is still the most 
famous vocal group in Russia. The conductor's 
position is considered among the most pres- 
tigious jobs in foe world of Russian music. 

* ‘Prestige is not everything, ’ ’ he said of foe 
decision to stay away from foe highly ritu- 
alized and regulated world of the Bolshoi. 

“I want to die my own death. They must do 
what is required of them at foe Bolshoi. The 
same works every year. Maybe something 
new once a season. I know my character too 
welL I would have been taken out on a stretch- 
er after six months.” 

Instead, he has found a haven in the Novaya 
Opera. Unlike the Bolshoi, which until re- 
cently was unable to hire contract performer s 
and functioned much like a Russian factory, 
Kolobov set up a contract system from foe day 
he started. Many of foe musicians are young; 
and while, like most performers in Russia, 
they are poorly paid, they do receive their 
salaries, which are guaranteed by foe city. 

The Novaya Opera has toured in Europe and 
throughout Russia. More than 140 singers and 
orchestra musicians traveled to New York for the 
performances at the Martin Beck. The company, 
which has as its principal patron Yuri Luzkov, the 
powerful mayor of Moscow, was founded in 1991. 
"as the Soviet Union was brought to its death," 
Kolobov said. Luzkhov, a man who usually gets 
what he wants, ordered a new opera house built for 
the group, and it is scheduled to open next month. 

In a city with four other major opera companies, 
Kolobov has simple goals: to bnng a fresh per- 
spective to foe classics,- and to present music that is 
rarely heard. At one point earlier this year, for 
example, there were five productions of "Eugene 
Onegin” onstage somewhere in Moscow. Ko- 
lobov’s, the least traditional, received by far the 
most favorable response. 

“There is such a sea of music that we don't even 
know,” Kolobov said. “And it's not obscure be- 
cause it is bad. It just isu’t known. Verdi has 25 to 
26 operas, and we know 5 of them. Donizetti has 72 

T HE French fashion designer Claude 
Montana, who first made a name for 
himself 20 years ago with leather and lots of 
shoulder pads, has filed for bankruptcy, 
French court documents show. Montana took 
foe step in October, just a few days after 
showing his new spring-summer collection in 
Paris. According to court documents, foe 
company is now in a six-month observation 
period. If Montana fails to come up with a 
payment plan, French courts can liquidate foe 
company or put it up for auction in April. 
Montana is one of a dwindling number of 
French designers who still work in private, 
one-designer houses. Big names like Dior and 
Lacroix have either gone public or are part of 
major corporations. 


The movie star turned animal rights cam- 
paigner Brigitte Bardot has strong opinions 
about at least one member of foe fashion 
industry. The designer Jean Paul Gaultier, 
she said, is “a boorish lout” who dresses 
women “to look like scarecrows." She was 
particularly offended by Gaultier’s “revolt- 
ing and repugnant” use of a red fox fur bolero 
in a show last summer. Gaultier’s response? 
Hie July collection contained not just one but 
two fox boleros, one in red fox, the other in 
silver fox. ^ 

The French composer-performer Jean- 
Michel Jarre says that President Fidel 
Castro has asked him to organize a concert 
marking the 40th anniversary of foe Cuban 
revolution late next year. Jarre said he would 
meet the Cuban leader in February for talks 
about the big open-air Havana concert to be 
held Dec. 31. 1998, as foe high-point of foe 
anniversary celebration. 

was not my dream. But we have some very talented operas: we know 3. 1 am talking about professional 
young people in this collective, and if I get them sane musicians. Others don’t even know this many. It’s 
is always under control. He has 3 huge picture of exposure, and if the American opera fens can have remarkable, beautiful music. Why not perform it? 
Maria Gallas on foe wall behind his desk, and he some pleasure, well then Broadway will be fine.' ’ How many Toscas do we need?” 


Jimmy Carter has a simple explanation 
for why his popularity has increased since he 
left foe White House. "People just seem to be 
hungry for something that's honest and de^ 
cent,” Carter said. "It’s bard to criticize 
someone when he’s working for world peace 
and building a house for poor people,” the 73- 
year-old former president said. 


The office of foe late Diana, Princess of 
Wales, denied a report that she had planned to 
play herself opposite foe actor Kevin Costner 
in a sequel to foe hit movie “The Body- 
guard.” The New York Post had reported that 
Costner began talks with D iana on her role a 

Enc OdlMd/IUuWn 

ROYAL FAMILY — Prince Albert of 
Monaco with his sisters Stephanie, left, . 
and Caroline attending a parade on i 
Monaco National Day on Wednesday. r 

year before her death in a Paris car crash in 
August- “Diana and I talked on foe phone 
about the level of sophistication and dignity 
that foe pan would have,” foe Post quoted foe 
actor as saying. But in a terse statement, 
Kensington Palace said "no such negotiations 
ever took place." 


Janet Jackson won a court order to keep 
away a man who claims her latest single 
"Together Again" stole from his song. The 
order bars Eric Leon Christian 25, of Bal- 
timore, who Jackson claims has been threat- 
ening her with letters and phone calls, from / 
contacting Jackson or employees at her Black f 
Doll production company. 1 

□ : 

John F. Kennedy Jr. is shooting back at 
photographers. Losing patience after being 
chased by photographers for years, Kennedy 
has taken to videotaping paparazzi who stake' 
out his apartment, foe New York Daily News 
reported. “Hey, guy with foe green jacket!” 
he was quoted as yelling at a photographer as 
Kennedy's camcorder rolled “You’re here 
every weekend- You’re looking for a har- 
assment lawsuit." 



t: -M 

in the springtime. 

Every country has its own AT&T Access Number which- 
makes calling home or to other countries really easy. 
Just dial the AT&T Access Number for the country you’re 
calling from and you'll get the clearest connections 
home. And be sure to charge your calls on your AT&T 
Calling Card. It’ll help you avoid outrageous phone 
charges on your hotel bill and save you beaucoup de francs 
(up to 60%*). Check the list for AT&T Access Numbers. 

a™* an«w»fc» «"**»■#' * maw US OIM' onrihta I'S ObhI ba*dm Miaow jafanw mi*. - BnpMd begum bod k*ptn*dH|S tend on oik a Ha IIS la HMter 199b- Mud at« Mf ta hl^tr bn dM&&s^]ur Mini acini, tfnvrf 

fet tartufc* ta dwjudfc addvcnflnr from ritcfetmarcoBaj Wd^ooto ! »TOJcratry^K«^ a ^cot^iJ»[iiC^e^iiiTaUUe>5toUi6f^ CwmHKOUabyMMMi<>f*tCitfrfiafl tbtauiSTmittrcaB- 
Htacucdl!*US&»4!mnnlKdto*rirt£plmBi|]licdqitfrfa>ta*ptacxrite<i!a]OT ecJ^nUfcbfeipriaiauaMaiiir *Usuidicri^6PMpiia«i^lac4B>taHMd^iacdfAd*inrida^vplr«*itxiK'Ita|-orfia.aiaife 

Cdn otwWuunitanKbdralllMftm'tCftaMOiWiaiqpdariiiAsan ° 1 * 7 * 51 

Step* to Mow for easy 

l- Just dial foe X7&T Acces ttuirber 
fbr tbe coufl&y you are calling from. 

1 Dial the phone number you're oiling. 

3. Hal the calling card number Ussad 
abow pur mm 

. AT&T Access Numbers 


AfiStriaeO- 022 - 903^11 

Bslgtara* 0-800- 

f raflee M0D4M911 

Swnaoy Ottt-ogiB ' 

&***• '. 

-- .1-88B-S5O-OQ0 J 

lw ¥* 172-1811 f 

Haikerfanth • WMHE2-3111 * 

Russia •Aptosanf) i 755.5342 



United Bagdara a „ „ 






Egypt* (Cairo)? 

tarsal - 

SistfiArawa c. 



SauHi Mm 



CSi^fiDdibeAnsss ffnnberlwdieroaffliyyM'reallioefrom? JnS 2 skinyopBaof fof 

XraTDhTtr’Sen^DT*iaiocrTdijae«h^/ wim4alxwnAmeJttl