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The Worid’s Daily Newspaper 


London, Thursday, November 27, 1997 

No. 35,689 


German Students 
Into the Streets 

Protests Over Quality of Education 
Are Biggest in Nearly 3 Decades 

By William Drozdiak 

Washington Post Serna . 

BERLIN — — In the latest burst of frustration over 
what is perceived as Germany’s failure to to a 

fast-changing world, university students have taken to 
the streets this week in the biggest wave of strikes and 
demonstrations in nearly three decades, protesting the 
deteriorating quality of their education. 

On ce -regarded as being among the world’s premier 
temples of higher learning, German nniversittes have 
lapsed n4o mediocrity throng a combination ofsteqi 
spending* cuts, overcrowded classes, irrelevant re- 
search and lazy professors. 

The education crisis is often cited as the root cause 
of Germany's troubles as the country stru ggles to 
stre aml i n e its social welfare stare, infuse flexibility In 
ossified institutions and encourage personal initiative 
to cope with competitive challenges raised by. global 
markets and the co mmunicati ons revolution. 

“Germany is making a profound mistfllce because 

we are shortchanging run- own -firnmo mitil an academic. 

system that is totally unadapted to the 21st century/' 
said Hans Weiler, Europa University’s rector in the 
eastern border town of Frankfurt an der Oder. 

"‘It is perhaps the worst manifestation that shows 
the damaging effects of thinking the state should fake 
care of everything.'* 

While the crisis worsens, the federal and state 
governments are bickering over who is responsible. 

D«rfnga<* ' - ' ~ *' * ' “ 

-S -■ \ 

rvt r i fgF 


■ rf 

ag a debate in Paiframent on Wednesday, Chan- cation and 

cellor Helmut Kohl disavowed any blame. He said that 
die lade of university financing was the fault of the 
nation’s 16 stale governments, a majority of which are 
controlled by die opposition Social Democrats. 

“Many of the students’ complaints are justified and 
deserve our sympathy and support," Mr. Kohl said. 
“The states are responsible for education, not the 
federal government * ’ 

But me states say they are too strapped for cash to 
live up to their constitutional responsibility for edu- 
insist that the federal govearranc 

government must 

Brazil Leader 

A New, Grimmer Portrait of AIDS ° f 

causes AIDS. 


With a Tough 

fw - 

fig# fvyl; Western 

? Europe 

C •' eastern EBrooeSt Central Asia ' r -^7:ir ,/ ^ 

SAO P^tJL© — After yews of fi- 
nancial good fortune in Brazil, a new 
austerity mlan proposed by President 
Feroaodpplennque Cardoso, coopted 
with sha^Jly higher interest rates, -has 
economists predicting a slowdown here 
that cook] bring the economic titan of 
i*rin America to the brink of recession 
in die next few months. 

The measures are a classic example 
of giveind-take economics. They are 
meant it slow down die economy to 
reduce i high trade deficit, as well as to 
head on a Brazilian version of die Asian 
currency crisis and keep hyperinflation 
— the national enemy -r- at bay. 

But there is a serious danger that die 
measures may go too far, dragging 
Brazil's economy to a halt, economists 

The austerity measures are the 
toughest yet in Latin America's shift 
toward #ee-market economies in the 
1990s. The measures also mark Mr. 
Cardoso’s most significant attempt so 
far to defend his much-lauded “Real 
Plan," which pe gge d the Bra zili a n cur- 
rency, the real, tome U.S. dollar in 1994 
to slow inflation and begin a transition 
to a market-driven economy. 

Mr. Cardoso’s “economic miracle” 
had rnflrie him something of a hero in 
Brazil, a country larger than the con- 
tinental United States and with a pop- 
ulation of about 160 million — greater 
than Russia's. 

Before die crisis began in October, 
the Sao Paulo Stock Exchange had pos- 
ted higher gains than any other in the 
world except Moscow’s. In the newly 
stable economy, consumer buying had 
reached record levels as credit became 
available to many Brazilians for the first 
time in their lives. 

But now, the nation has fallen victim 
to the uncertainty in international mar- 
kets that began in Asia. In the Western 
hemisphere, that uncertainty has 
lingraed more in Brazil than anywhere 
else because the country’s economic 
fundamentals — big government, high 
trade deficits and an overvalued cur- 
rency ^ continue to send up red flags to 

^St^i^poipasely tryingro slow 
down ffic economy now -— and under 
the circumstances, it's what he should 
do if he wants to save the Real Prep, 
said Manro Schneider, vice president 

with MS Bank in Sao Paulo. 

“But if the economy slows downtoo 
much." he warned, “there could be -a 
regional economic problem since many 

$ee BRAZIL Page 6 

AIDS Numbers Make a Giant Leap 

New Cases of HIV Are Almost Double Previous Figures , UN Asserts 

By Robert Pear 

New York Times Service 

WASHINGTON— Medical experts 
working for the Umted Nations say that 
they have grossly underestimated the 
spread of the AIDS virus worldwide, 
and that they now. believe new infec- 
tions are occurring almost twice as fast 
as they thought a year ago. Instead of 
8,200 new infections a day, they say 
they now believe there are 16,000. 

Some of the increase results from 
actual spread of the virus, and some 
from new methods of colhxiting data 
and making estimates. The United Na- 
tions did not say how much of the 

increase was attributable to each 


The UN estimates that 23 million 
lie around the world will die of 
tins year, up more than 50 per- 
cent from an estimate that 1.5 million 
people died of the disease in 1996. 

UN expats said the new data sug- 
gested that the AIDS epidemic could 
have ruinous economic effects in sane 
regions of the world, because it strikes 
many people of working age. Busi- 
nesses should join governments to 
fight the disease, they said. 

Two-thirds of those infected, with 
HIV live in sub-Saharan Africa, and the 
UN experts said the epidemic in that 

. had been badly underestimated, 
lit was known to be severe. 
Asked about the new estimates, 
Sandra Thurman, director of the White 
House Office of National AIDS 
Policy, said: “These numbers are so 
overwhelming that they - numb the 
mind. We knew the numbers would 
increase. But 1 was surprised to leam 
how far off the mark we were in our 
estimates of how the epidemic is pro- 
gressing globally." 

Gareth Jones, a spokesman for the 
UN Program on HIV/AIDS, said: 
“New infections are occurring at an 

See AIDS, Page 6 

Americans Start to Feel Korea’s Pain 

By Kevin Sullivan 

WojJiOigion Post S em ice 

SEOUL — Catherine Chang, the 
daughter of a company president in 
South Korea, had jnsf been accepted to a 
university in New York last spring when 
hex father lost his job. 

Chang Eung Ik, who worked fa one 
of South Korea’s huge congkmperaies, 
was. a victim of the national economic 
downturn, which burst into the world 
spotlight last week when Seoul declared 
an economic Mayday and called fox a 
S20 billion International bailout. 

When Mr. Chang lost his paycheck, 
Catherine, 19, lost her ticket to the State 
University of -New York ar Stoney- 

brook. And her brother, Seok Jin, 20, 
decided to transfer from the University 
of Massachusetts to a less expensive 
South Korean college. 

“I’m not angry,” Catherine Charm 
said. “I just feel like I’ve been left 

The Chang family story is increas- 
ingly common here, where fathers are 
losing jobs, mothers are losing sleep, 
chi] then are worried about their furore 
and families have less money tp spend. 
The Chang s’ experience is also one key 
to understanding how Americans will 
be directly affected by tbe_ financial 
misery of a small Asian nation half a 
world away. 

Since the South Korean economy im- 

ploded last week, economists and pun- 
dits have warned of dire consequences 
for global markets. Average Americans 
got a taste of what that meant for them 
when the New York Stock Exchange 
dived, taking money out of thepocket of 
anyone with a 401k plan for retirement 
or a mutual fund set aside for a child's 

But that only begins to tell the story of 
how far-away economic disasters affect 
Main Street America. As the crisis deep- 
ens in Seoul, it could be bad news for the 
pocketbooks of many Americans. 

Catherine and Seok Jin Chang would 
have contributed a minimum of $50,000 

See KOREANS, Page 4 

Tokyo Pumps Cash 
Into Bank System 

Government Blames ‘Rumors’ 
For Money-Market Tensions 

By Stephanie Strom 

New York Times Service 

Thousands of students demonstrating in Bonn on Wednesday against the deteriorating conditions 
of German universities. The protesters displayed a banner that translates as “University in Need." 

come to the rescue. Like other crises brewing over 
taxes and pensions, the gridlock has spawned growing 
disenchantment among many Germans toward their 
political leadership. 

German colleges and universities offer free tuition 
to all students. This has fueled enormous growth in die 
student population, which has nearly tripled in 20 
years to almost 2 million. 

There are few restrictions on length of study, so 

See GERMANY, Page 6 

TOKYO — The sense of financial 
crisis heightened here Wednesday, de- 

§ »te a huge injection of cash by the 
auk of Japan to maintain liquidity in 
the country’s short-term credit market 
Seeking to combat growing anxieties, 
the nation’s leading financial regulators, 
in an extraordinary joint appeal, urged 
the public and investors to remain c alm. 

Finance Minister Hiroshi Mitsuzuka 
and Yasuo Matsushita, governor of the 
Bank of Japan, vowed that there would 
be no more major bankruptcies among 
Japanese financial institutions. 

The. move to restore calm came after 
Tokuyo City Bank said Wednesday that 
it would shut down under the weight of 
bad loans. The regional bank's collapse 
followed the failures this month of Ya- 
maichi Securities, one of Japan’s “Big 
Four" brokerages; Hokkaido Takushoku 
Bank, a nationwide lender, and Sanyo 
Securities, one of the 10 largest broken. 

“We strongly urge the public not to 
pay heed to irresponsible rumors and to 
act calmly,” the statement from the 
Finance Ministry and the central bank 
said. “We will provide funds smoothly 
and without hesitation so that repay- 
ment of financial forms* deposits and 
other payments will not be hindered.” 

Mr. Mitsuzuka said the authorities had 
decided to issue the statement because 
""groundless rumors" had caused a cash 
crunch in short-term money markets. 

For yet another day, lenders raised the 
prices they charge Japanese financial 
institutions for overnight loans, the 
lifeblood of any banking system, and 
ratings agencies continued to cast a skep- 
tical eye on Tokyo’s efforts to restore 
awfidence in the financial system. 

“The government has a plan to pro- 
duce a plan for shoring up the financial 
system in two we&ls’time/’said Kathy 
Matsui of Goldro&, Sachs (Japan) Ltd. 
‘‘The ‘ perceptioi?, r particula«y-‘ from 
overseas investors, is that this could be a 
meltdown. The government needs to get 
out in front of this thing, and fast.” 

James Fiorillo, an analyst at ING Bar- 
ings in Tokyo, said. “We’re at the point 
where the stock market and the interbank 
lending market are making decisions 
about who fails and who doesn’t.” 

“That’s frightening because it means 
that it’s not the authorities who are en- 
gineering and controlling this thing, it’s 
fee market,” he added. ‘"And that 
means some banks are going to be 
pushed through the cracks that, from all 
rational perspectives, are viable 

Nonetheless. Moody’s Investors Ser- 
vice on Wednesday put five Japanese 
banks under review for a possible down- 
grade of their credit ratings — including 
Nippon Credit Bank, which a senior 
Bank of Japan official has categorically 
denied would foil. 

Explaining its decision, the rating 
agency said “a growing government 
deficit and potential public resistance to 
a government-financed solution will im- 

pede the authorities' ability to decisively 
and promptly obtain financial resources 
to resolve fee solvency problems fa- 
cing" the financial-services industry. 

Daiwa Securities took the unusual 
step of holding a press conference to 
remind the world that it has a top-level 
credit rating and that its capital base 
meets international standards. 

See JAPAN, Page 4 

Big Airlines 
In Asia See 
A Rough 

By Michael Richardson 

Iniernutional Hvriiid Tribune ' 

SINGAPORE — Asian and Pacific 
airlines will be severely tested in the 
next few years as the region's financial 
turmoil cuts into economic growth, air 
travel and carriers* earnings, executives 
and analysts say. - 

Already buffeted by sagging passers 
ger traffic, regional airlines are likely to 
react to the crisis by cutting fares, post- 
poning or canceling aircraft orders and 
forming alliances with other camera tq 
cut costs and protect their markets. 

A price war has already started on 
some routes as rival carriers match a 
recent announcement by Cathay Pacific 
Airways Ltd. of Hong Kong that it will 
try to fill Its aircrafts’ seats and Hong 
. Koiig’s Intel zooms by offerii^ twp 
economy-class' tickets for the price of 
one, plus three nights’ accommodation, 
on routes into Hong Kong. 

Air travel is being hit by sharp falls in 
the value of many Asian currencies and 
by a decline in foreign tourists' interest 
in some destinations, such as Hong 
Kong and parts of Southeast Asia. 

Cathay Pacific has said it expects the 
slump in its passenger uaffic to persist 
at least until 1999. 

The carrier has been hurt by the cur- 
rency crisis in Southeast Asia and a 
decline in tourist traffic since the former 
British colony was returned to Chinese 
control July 1. 

Meanwhile, it is also likely that “out- 
bound traffic from the region will 
soften, as many consider the cost of 
traveling abroad to have become too 
high” because of devaluations of the 
local currencies, said Peter Negline, 
vice president of Salomon Brothers Se- 
curities in Hong Kong. 

The airlines of the Asia-Pacific re!- 

See AIRLINES, Page 4 


Iraq Invites UN Into Saddam’s Palaces 

BAGHDAD (Reuters) — Iraq on 
Wednesday invited UN experts and 
diplomats to inspect President Sad- 
dun Hussein’s palaces to check for 
banned weapons or materials, the of- 
ficial Iraqi press agency INA sard. 

In Washington, a Pentagon spokes- 
man gave the Iraqi move a cautious 
welcome. ‘ ‘That would be positive, if 
it’s true.” he saicL 

Iran’s Leading Cleric 
Accuses Dissidents 

Iran’s supreme leader, Ayatollah 
Sayed Ali Khamenei, has accused 
dissidents of “treason” and warned 
them of prosecution. Page 2, 

Books Page 10. 

Crossword Page 11. 

A total of 115 experts and dip- 
lomats will be invited to the palaces. 
Twenty countries are involved in the 
inspection of Iraqi weapons. 

Access to presidential palaces and 
other sensitive sites has been the main 
bone of contention between Iraq and 
the United Nations since UN arms 
inspectors returned to the country. 

Earlier article. Page 2. 

The Dollar 

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Pages 18-19. 

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Gftraiter. — ^.£065 R6 ^] r ? to ^ ,IR 5niS 
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Kenya ™..K SH. 160 

Kim£— ~. 700FBs Zhtobwa.— ZbiS30JXI 

Rushdie and Le Carre Cross Pens in an Old-Fashioned Literary Duel 

By Warren Hoge 

New York Times Service 

Salman Rushdie 

LONDON — Just when people nostalgic for 
a pricklier Britain were lamenting that the coun- 
try was losing its touch for the wounding insult, 
two of the country’s best-known writers have 
come to the rescue with a cascade of abusive 
comments about one another. 

In a - week of correspondence of escalating 
vitu peration, Salman Rushdie Jias called John 2e 
Can6-“an afiicrate pompous ass,” and Mr. le 
Cairfi has replied that Mr. Rushdie is “self- 
canonizing” and "arrogant,” blinded by the 
pursuit of increased royalties for himself from 

the physical danger that sales of his book posed 
to others. 

The exchanges have taken place in a time- 
honored arena for sportive xnudslinging in Bri- 
tain, the letters page of a newspaper. The Guard- 
ian. While other parts of the paper were cov- 
ering the continuing push in high places to have 
Britain, portrayed as a sensitive, caring, com- 
passionate nation, Mr. le Cair£ and Mr. Rushdie 
were striking blows in the letters columns for the 
old tradition of literary gfangtpg 

The feud began when Mr. le Carr€ com- 
plained that he had become the victim of a 
witch-hunt by zealots of ‘ "political correctness' ’ 
in the United States aimed at portraying him as 

anti-Semitic. When he learned of the comment, 
Mr. Rushdie said that he wished Mr. le Cairt 
had had the same concern for him when he 
became the target of the fatwa declared by the 
Ayatollah Ruhollah Khomeini in Iran, who 
called for his killing because of the perceived 
slighting of Islam in his book “The Satanic 

Mr. le Can6 made his observations in a 
speech to the Anglo- Israel Association this 
month, an extract of which was published in The 
Guardian on Nov. IS. He blamed a 1996 New 
Yoric Times review of his book “The Tailor of 

See FEUD, Page 6 

John le Carre 



Untapped Resources / Former Workers Living in Hovels 

S EVEROBAHCALSK, Russia — In the 
frozen Siberian wilderness, there lies an 
untapped territory so abundant in natural 
resources that Russian officials proclaim it 
the richest region on Earth. Someday, they say, a 
monumental rail line — a second Trans-Siberian 
Railway — will haul minerals and timber from this 
hinterland and make Russia wealthy. 

The dream of exploiting this fortune dates back to 
the czais. Communist rulers embraced the idea, and 
60 years ago Stalin sent prisoners to cut through die 
impenetrable mountains and begin building the 
Baikal- Amur Railway. 

Now, long after the railroad’s original designers 
died, the forests, ore and coal would appear to be in 

At an estimated cost of $10 billion, the Baikal- 
Amor Railway is nearly complete and its last tunnel 
could be finished by the end of the decade. 

Using temporary bypasses around construction 
zones, the railroad has been moving some cargo 
with little fanfare since 1989. 

“The economic future of Russia is inseparable 
from the Baikal -Amur Railway,” said Leonti 
Makhitarov, deputy general director of Baminvest, 
based in Moscow, which manages the rail line. 
“These reserves are measured in billions of tons. As 
soon as industry demands the natural resources, we 
can expect a real boom, an industrial explosion.” 

But the economic stagnation gripping the country 
has postponed fulfillment of the ambitious de- 
velopment plan that its boosters say is the key to 
Russia’s prosperity. The huge factories designed to 
smelt the ore and mill the lumber exist only on 
paper, and the government does not have the money 
to build them. 

Instead of great wealth, the railway's biggest 
product is die Balki — the Siberian slum here on the 
north end of Lake Baikal where thousands of former 
railroad workers and their families live in poverty. 

Once, they worked for the glory of the Soviet 
Union to carve the rail line through Siberia's icy 
mountains and virgin forest, the taiga. But the same 
market forces that created Russia's new million- 
aires abandoned these workers by the side of the 

“1 helped create the Baikal-Amur Railway, and 
at die end of my life I'm left with nothing at all,” 
said Yevgeni Tretiakov, 63, a retired railroad work- 
er who lives with his wife in a dilapidated one-room 
trailer without running water, “1 am very much 
ashamed for my country. It is the eve of the 2lst 
century, and we have to live in such appalling 

This is a region where perestroika — economic 
restructuring — is a dirty word and where Com- 
munist idealism remains strong. Residents of the 
Balki long for the days of the Soviet Union, when 
even its doddering leader, Leonid Brezhnev, could 
guarantee every worker a salary. 

G ALINA Kuznetsova lives in the Balki 
with her daughter and granddaughter in a 
two-room shack. They share a street- 
corner outhouse with dozens of neigh- 
bors, even in the subzero Siberian winter. She lives 
on Workers Street but has no job — and little chance 
of finding one. • 

“I would love to live under Brezhnev again,’ ’ the 
40-year-old unemployed railroad worker said bit- 
terly. “With Brezhnev, I knew I had a job and a 
piece of bread. Now, I don’t even have money for a 
crust of bread.” 

The Baikal-Amur Railway is everything this 
slum is not: modem, clean — and empty. 

Its single track and power poles seem to stretch 
forever through the taiga. But at any given point on 
(be line, one can wait much of the day to see a 

Officials optimistically say the railway is running 
at 30 percent to 50 percent of capacity, but they 
acknowledge that only six trains operate each day 


’• .... 


r ~ <Tloo 
fr-r /V, - V'V A Sovetskaya Gavan 

Moscow '> Komsomolsk 


TDk. Ust-Kut 


along the entire 2,000-mile (3,200-kilomeier) sys- 

Commonly known by its Russian acronym, 
BAM, the rail line is a feat of Soviet engineering. It 
cuts through 5 mountain ranges, spans 17 rivers and 
crosses vast stretches of permafrost, taming the 
wilds of Siberia where winter lasts nine months and 
Fahrenheit temperatures drop to 50 below. 

T he Trans-Siberian Railway, itself a mo- 
numental undertaking, linked Russia's dis- 
tant regions for the first time when it was 
completed in 1905, extending 5,776 miles 
from Moscow to Vladivostok. BAM runs roughly 
parallel to the Trans-Siberian line, but about 250 
miles to the north. It passes around the upper end of 
Lake Baikal — the hugest freshwater lake in Euras- 
ia — and connects with the older route at Ust-Kut in 
the west and Komsomolsk-on-Amur in the east. 

Between these cities, BAM has the advantage of 
being 300 miles shorter and has siphoned off some 
of the Trans-Siberian’s cargo traffic. BAM will 
become an even better option once work is com- 
pleted on its Jast tunnel, a 10-mile shaft beset by 
numerous engineering challenges. 

Railway designers planned 10 major industrial 
centers along the Baikal-Amur corridor to process 
its timber, coal, gold, silver, copper Jade, lead, zinc, 
iron, titanium, cadmium, vanadium, magnesium 
(J and other resources. But so far. only a coal mine has 
opened; instead of powering new industry in the 
region, its high-quality coal is being shipped to 

Instead of great wealth, 
the railway's biggest 
product is the Balki - the 
Siberian slum on the north 
end of Lake Baikal 

railroad could begin making a small profit as early 
as next year by continuing to cut costs, lay off 
workers and shed responsibility for housing its 
former employees. 

Restructuring like & capitalist company, the rail- 
way has already spun off some of its unsuccessful 
divisions and gotten rid of thousands of laborers. 

Because of its natural beauty. Lake Baikal is 
often called “the pearl of Siberia." 

But in Severobaikalsk, just a mile from its north- 
ern shore, thousands of unemployed railroad work- 
ers live in the Balki in what was supposed to be 
temporary bousing. 

Huts and shacks are patched together with scraps 
of wood, cardboard and plastic. A few residents 
raise goats — which outnumber cars on the dirt 
roads. On every block stands a communal outhouse, 
and during the long winter the city delivers water 
twice a week. 

“You can’t really call this a life," said Mrs. 
Kuznetsova, standing on her front stoop, arms fol- 
ded across her thin frame. “It's survival We live 
like pigs. What can be done? Nothing. I will end my 
life in this filthy shed.” 

T o heat her house in winter, she uses a 3- 
foot-long ( meter-long ) metal rod plugged 
into a wall socket and inserted into a pipe 
foil of water — - the kind of device re- 
sponsible for buming.down^.numtxy.of houses. in 
the slum. “ . ' . 

“BAM was very good at the beginning, and it 
was very good here, but now we have been brought 
down to our knees,’ ’ she said. “It’s only the Russian 
people who are capable of taking this punishment 
for so long.” 

Mr. Tretiakov, the retired BAM worker, has 
spent 17 years living in the green trailer that mea- 
sures only 1 10 square feet (10 square meters). He 
dreams of visiting his relatives in western Russia, 
but a one-way ticket costs twice as much as his $63 
monthly pension. 

“That’s the prepos' .rous thing," he said. “We 
devote all our lives to the railroad and making 
transportation better, and now we can’t even afford 
to go see our relatives.” 

Japan to make steel. 

For now, the money-losing railway has no capital 
to invest in developing the industry that could 
ultimately ensure its success. Officials say it has 
been unable to lure outside investment because of 
its remote location, the extreme climate, the high 
cost of electricity — and the high price BAM 
charges for hauling cargo. 

“So far. these have scared off the investors,” Mr. 
Makhitarov said. “Railroad tariffs are so high that 
some industries don’t think it’s profitable to trans- 
port their products around the country. We must 
wail until me economy.of the country stabilizes.” 

Nevertheless, some /JAM administrators say the 

Iran’s Leading Cleric # 
Lashes Out at Critics 

Dissidents Warned of Treason’ Charges 

kilo meters (75 miles j south of Tehran. 
TEHRAN — Iran’s supreme leader. Ayatollah Montazeri has questioned 
Ayatollah Sayed Ali Khamenei, on Ayaiollah Khamenei’s qualification to 
Wednesday blasted dissidents who have become the spiritual guide of aU 
questioned h is authority as “enemy world’s Shiites in addition to being 
agents" and said they woald be pros- Iran’s supreme political leader, 
ecmed with the full force of the law. The controversy erupted lasj wee ^ 
Speaking out for foe first time in foe into one of Iran’s most violent demon - 
dispute. Ayatollah Khame nei urged fra- strations in recent years. Police used tear 
nians to refrain from taking the law into gas to disperse pro-Khamenei deraon- 
thear own hanrfg and ’ to cease demon- stralors in Qom. 

s nations denouncing die most -prom' A nationwide rally against Ayatollah 
meat dissident. Ayatollah Hossein Ali Montazeri was scheduled for Friday. 
MpntazerL. Ayatollah Montazeri, 75. has been 

■“If what they have done is illegal, Iran’s most prominent dissident since 
which it is; If it is treason against the the founder of the Islamic revolution, 
people, which it is, then executive and Ayatollah Rnhollah ._ Khomeini dis- 
judicial officials should carry out their missed him as his designated successor^ 
doty against these individuals," Ayatol- shortly before his death in 1989. He had^ - 
lab Khamenei said in a speech carried criticized government policies, includ- 
on state radio and television. ing foe treatment of political prisoners. 

“And I am informed that they are In a speech in Qom in mid-Nov ember , 

going to carry it out and thar there will Ayatollah Montazeri said foe supreme 
be no laxity," he said. leader was interfering in politics too 

“I ask erveryone to stop foe marches, much and should “supervise, not rule." 

Of course, speakers and writers should His challenge deeply unsettled Is- 
cootioue to clear up the people’s minds, iamic conservatives , . prompting hard- 
I urge everyone Dot to commit any illegal liners to attack his Koran school in Qom 

acts. There should be no vendetta.’ ’ last week and the authorities to close his 

Ayatollah Khamenei was apparently office in Mashhad in northeastern Iran, 
refer ring to attacks last week by dem- Some moderate newspapers have 
onstratois on the offices of Ayatollah said infighting and daily marches could 
Montazeri and another prominent critic, mar Iran’s hosting of a summit of the 
Ayatollah Ahmad Azari Qomi, in foe Or ganiza tion of the Islamic Conference 
Shiite Muslim holy city of Qom, 120 next month. (Reuters, AFP) 

U.S. Gulf Chief Confident 
Allies Will Back Action 


Omitted by Oar Sntf Fnxi Dapaxhes 

WASHINGTON — The commander 
of U.S. forces in foe Gulf said Wed- 
nesday that he was confident America's 
allies would back any U.S. decision to 
talra strong military action against 

‘T do feel strongly we will get the 
support we need when the time comes.’ ’ 
said General Anthony 7.inni_ He also 
said most U.S. allies in the region did 
not want "more pinpricks” against 
President Saddam Hossein if hostilities 

Asked if Gulf leaders had told him 
they would support the United States if 
it chose to rat Iraqi targets, he said: 
“Virtually everyone in the region said 
that No more pinpricks — that if Sad- 
dam attacks our U-2, for example, or 
there’s a requirement to respond, that 
we ought to do it in a serious way." 

He added that ‘ ‘we have the a de quate 
forces" to do so. 

Iraq has threatened to shoot down the 
U.S. high-altitude U-2 spy planes that 
fly UN missions to check on Iraq’s 
weapons programs. 

Asked to expand on the form military 
action might take. General Zinni said: 
“I think ‘a serious way’ puts at risk foe 
things that mean most to Saddam, " such 
as “foe special Republican Guard 
which keeps him in power.” 

A war of words between Baghdad 
and Washington has shown no signs of 
dying down despite the Iraqi decision 
last week to lift its ban on Americans 


" Mr. Mubarak blame# the United 
States for the delay in foe arrival of 
medicine bought under an oil-for-food 
deal with the United Nations. 

Meanwhile, France said Wednesday 
that it and Egypt supported increasing 
the amount of oil Iraq is allowed to 
export under the UN deal aimed at al- 
leviating foe effects of foe sanctions 
the Iraqi people. 

"France is especially aware of the 
suffering of the Iraqi people,” Foreign 
Minister Hubert Vedrine said in Cairo 
after talks with his Egyptian counter- 
part, Amr Mohammed Moussa. ; j. 

(Reuters, AFP } p) 

working in UN weapons monitoring 

The inspectors must be satisfied Iraq 
has destroyed its weapons of mass de- 
struction before sanctions are lifted. 

Iraq, calling for an end to UN sanc- 
tions. said Wednesday that thousands of 
children were dying every month be- 
cause of a lack of medical equipment 
and drugs caused by foe sanctions. . 

Health Minister Umeed Madhat 
Mubarak said that more than a million 
Iraqis had died as a result of medical 
shortages caused by foe sanctions. Mr. 
Mubarak said more than 5,000 children 
under age 5 died each month, compared 
with 560 a month before foe sanctions 
were imposed. 

Iraqis on Wednesday cursed Pres- 
ident Bill Clinton at the funeral of four 
children that Iraqi . officials said died 

A Pilgrim Museum in Holland 

LEIDEN. Netherlands (Reuters) — A museum focusing on 
a little known chapter in early American history will open here 
on Thanksgiving Day. 

Before the Pilgrims set sail to seek religious freedom in the 
New World in 1620. they lived 11 years in Leiden. The 
Netherlands, then as now. was famed for its tolerance. 

The Leiden American Pilgrim Museum is housed in foe old 
section of the Dutch university city. 

services. The law, passed last year, also curbs cigarette 
advertising and orders health warnings on cigarette packs. 

Mixed Results for Austria Tourism 

VIENNA (Reuters) — Tourism revenue in Austria rose by 
3 percent in foe August-to-October period, the Economics 
Ministry said Wednesday. 

But in foe six months to October, overnight stays fell 2.9 
percent to 60.07 million, while revenue dropped 1 .9 percent to 
84.3 billion schillings ($6.88 billion). 


Smoking Ban Starts in Turkey Aeroflot Plans to Add Cabin Staff 

ANKARA (AP) — A series of antismoking measures took 
effect in Turkey on Wednesday, including a ban on smoking in 
offices with more than four workers. 

Smoking is also banned on public transportation, in sports 
centers and in places providing health, education and cultural 

EMU Fact or Fiction ? 

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MOSCOW (Reuters) — The Russian flagship carrier Aer- 
oflot has announced a drive to improve its reputation for poor 
service with multilingual cabin crews and spiced up menus. 

Tamara Y akubovskaya, Aeroflot's inflight service director, 
said the company, notorious for its grim-faced crews, planned 
to start hiring new cabin staff after a two-year freeze. 

The U.S. government plans to ban cars from the Grand 
Canyon and Zion national parks by 2000 and Yosemite by 

Canyon and 

parks by 2000 and Yosemite by 

Carey Bus Lines has withdrawn from a bitter fight for 
control of bus service to New York City’s airports and has 
filed for bankruptcy protection. It turned the remains of its 
airport service over to another carrier. Private One of New 
York. (NYT) 

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Forecast for Friday through Sunday, as provided by AccuWeather. 

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Middle East 

North America 
Coed In the Soutfnmt Fri- 
day with rtn oaring showers, 
tnen turning warmar with 
plenty ci sunshine. Warm 
and dry In the Southeast, 
bul the southern Roddas 
to Tens wfl be cloudy and 
roof with showers and 
mountain enow. Showers 
In the Northeast Friday, 
Ihen dryandchSty. 


Dry and cold in Sweden 
and Finland Friday to Swv 
day. cold In Russia with 
some enow and (lurries. 
Taming milder to Norway 
with rain lltaly. England 
and Ranee win be enudy 
and s easo n able with show- 
ere. while Spain will be 
pleasant wth plenty <t aim. 
Italy wU have conking rain. 

Showers likely In BdHIng 
Friday and Saturday, then 
thy and tumbg much odd- 
er again Sunday. Quite 
mid In Tokyo Friday, man 
showers Saturday and 
cooler Sunday. Soaking 
rain to Italy In southeast- 
ern China over the week- 
end. bin dry end turning 
mlder across central ana 
western China. 


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North Carolina Heady With Success Against Drunken Driving 

By Matthew L. Wald 

New York Tunes Service 

MONROE, North Carolina — When Jamri ns 
Cureton opened up a beer, drank a little and spilled 
some on the floor of his Honda Civic on Saturday 
night, he was doomed the minute he came upon the 
.checkpoint here. 

In many other states, he could have done the 
same with no more consequence than having a 
-smelly car. But North Carolina is the state dial 
federal safety experts cite as a national model in the 
.campaign against dr unken driving. Mr. Cureton. 
. an 18-year-old freshman at the University of North 
_ Carolina in nearby Charlotte, will lose his license 
for a year if he is convicted of underage drinking; 
^the legal drinking age is 21 . 

As government and private groups push the 
,518165 to reverse a recent trend of arising number of 
" drunken driving deaths they wish more states 
'would follow me lead of North Carolina, which 
‘believes it has cut drunken driving by half, to the 
. . lowest rate in the country. 

Tk\ Under its “Booze It & Lose It* ‘campaign begun 
" v ,in 1994, Mr. Cureton became one of the more than 

35,000 people arrested here for drinking and driv- 
ing offenses. 

“You take enough of them off the road, you’re 
going to save somebody,’ ’ said the Monroe police 
chief, Bobby Haulk. 

North Carolina has indeed taken a lot of drunks 
off the road, not only by making arrests, but also by 
making the effort extremely visible, setting up 
approximately 23,000 roadblocks since 1993, 
when it began a seat belt campaign called “Click It 
and Ticket.” Officials plan publicity events before 
Thanksgiving and another blitz in December, 
when many people drink more than usual. 

Before the campaign began in November 1994, 
about 2 percent of tbe drivers passing through 
checkpoints were found to be legally intoxicated, 
according to a survey taken at roadblocks by the 
University of North Carolina Safety Research Cen- 
ter in Chapel Hill. 

Afterward, the number fell to nine- tenths of 1 
percent. The state hopes to cut the percentage of 
fatal crashes linked to alcohol to 29 percent this 
year, down from 32 percent in 1994. 

In Mr. Cureton ’s case, a city police officer who 
stopped him smelled the spilled beer and pulled 

him from his car. He was promptly escorted to a 
$200,000 high-tech laboratory on wheels known as 
the BatmobUe. 

Inside the vehicle, formally known as the Blood 
Alcohol Testing Mobile Lab, Mr. Cureton was 
tested and officers quickly decided that he had at 
least some alcohol in his system. Because he was 
under the legal drinking age, they whisked him 
away to a magistrate for a tend hearing, where he 
would be charged with underage drinking and 

Anyone under 21 can face that charge if they are 
found to have any amount of alcohol in their 

Apart from Mr. Cureton ’s arrest, progress at the 
roadblock here, which operated from 7 P.M. until a 
dense fog forced officers to close it at about 
midnight, seemed a bit slow and awkward. 

Twenty-eight uniformed officers, from the city 
police, the Union County Sheriffs Office, and die 
state Department of Motor Vehicles made only two 
drunken-driving arrests, including a man who had 
a blood alcohol level of .14 as measured by a 
breathalyzer, almost double the legal limit here of 
.08 percent Officers took him st raigh t to jail. 

D.C. Police Chief Resigns 

- Roommate Is Accused of Extortion at a Gay Bar 

By Cheryl W. Thompson 
and Sari Horwitz 

»* Washington Post Service 

' WASHINGTON — Lany Soulsby, 
, -the city's police chief, resigned less than 
two hours before the police lieutenant 
with whom he shared a cut-rate luxury 
apartment was charged with extorting 
money from married men who frequen- 
ted gay bars. 

Support for tbe embattled chief eroded 
abruptly after reports dial he was sharing 
an apartment that allegedly had been 
obtained under false pretenses by his 
longtime friend and follow police officer. 
Lieutenant Jeffery Stowe, who received 
deeply discounted rent after telling the 
‘landlord that the apartment would be 
used for police undercover work. 

. “I cannot allow another controversy 
to impact on my officers and to detract 
from their accomplishments,” Mr. 
' Soulsby said Tuesday. “My concern for 
■ the welfare of my officers and the 
.people they serve transcends my own 
1 personal welfare.” 

An FBI affidavit made public in court 
Tuesday identified Mr. Stowe as tbe per- 
‘ son who had attempted to extort $10,000 
“from a married man after the man visited 
the Follies Theater, a gay bar in South- 
. east Washington, in September. 

The affidavit also alleges that Mr. 
Stowe used a law enforcement com- 
puter system to identify the man and at 
least two others who visited the club. 

. and to trabe them through their auto- 
mobile license plates. 

Mr. Stowe allegedly contacted die 
1 married man and threatened to send 
■•photographs of the man at the bar to the 
man’s wife and employer if he did not 
pay $10,000. 

Sonya Proctor, the assistant police 
chief, was promoted to fill the position 
of chief while tbe Washington financial 
control board works with city officials 
to find a permanent replacement. 

Mr. Soulsby's departure leaves the 
beleaguered 4 .500-member department 
in disarray at a time when reform efforts 
were expected to gp into high gear. The 
control board saw Mr. Soulsby as the 
leader who could cany out an overhaul 
of the department outlined in a series of 
reports from management consultants. 

Mr. Soulsby, 47, blamed the media 
and political infighting for his troubles, 
saying both detracted from his ability to 
run the department 
He denied any knowledge that Mr. 
Stowe had misled managers of die lux- 
ury building on Seventh Street NW to 
obtain a two-bedroom apartment for 
$650 a month, less than half the going 
rate of $1,700 to $2,000. 

Mr. Soulsby said he was not a party to 
the discount deal. 

“Stowe told me be had a couple of 
friends that could get us an apartment at 
a reduced rent,” Mr. Soulsby said, 
adding that he never talked to anyone in 
the apartment’s office about the renL 
He said that once he found out last 
week about the arrangement, he called 
the apartment managers and said he 
would be out before the end of the 

Mr. Soulsby said that when he was 
with Mr. Stowe on the golf course, they 
□ever talked about the department And 
never discussed Mr. Stowe’s personal 
problems, including bankruptcy. - ' * ' 
Mr. Son Isby said that be did not spend 
much time with Mr. Stowe at the apart- 
ment because “frankly, he stayed there 
very seldom.” 

Gallstones and Fatigue Sideline Reno 


WASHINGTON — Attorney Gen- 
eral Janet Reno was released Wed- 
nesday from ahospital in Mexico City 
after doctors diagnosed her as suf- 
fering from gallstones and fatigue, the 
Justice Department said. 

Ms. Reno, in Mexico for a meeting 
of the 28-nation Inter-American As- 
sociation of Public Prosecutors, faint- 
ed for a few seconds at areception late 
Tuesday, her chief spokesman, said. 
Bur after treatment ai the Presidential 
Guard Hospital, she had recovered 
sufficiently to attend the opening ses- 
sion of the prosecutors’ meeting 

Wednesday morning, he said. 

The spokesman said Ms. Reno, 59, 
planned to return to her homerown of 
Miami later Wednesday to rest. 

The attorney general disclosed two 
years ago thar she has Parkinson’s 
disease, a degenerative illness that 
causes her left arm to tremble. 

Ms. Reno has been under pressure 
this week as she considers whether to 
seek the appointment of an independ- 
ent counsel to investigate potentially 
illegal campaign fund-raising calls 
made by President Bill Clinton and 
Vice President Al Gore from the White 
House. A decision is due by Tuesday. 

.. ■ ••••• t--.- 

• -f 

• ■ *.*. . 

• ' •*. - • 

' •- »- 

• V t-*. - 

UMarl VnEamunnW Pom 

Larry Soulsby looking glrim as he resigned as Washington's police chief. 

Mob Bust on Wall Street 

19 People Are Charged With Fixing Stock Prices 

By Sharon Walsh profited by selling the stock at the high- 

Washington Post Service er price. , , , 

— Tens of thousands of shares were giv- 

NEW YORK — Leaders of two of ento the mobsters by two top HealthTech 
New York City’s most notorious crime officials. Gordon Hall and JoeTCiikham, 
families and their associates, two cor- who were indicted Tuesday and arrested 
porate executives and 'a : half ' dozen in Arizona, prosecutors said, 
stockbrokers • have been* indicted on In return for the gift of die stock, the 

criminal charges of manipulating stock crime families used brokers, whom they 
prices for their own benefit. bribed and threatened, at the Wall Street 

Nineteen people from the Genovese firm of Meyers Pollock Robins Inc., to 
and Bonanno families were charged sell the stock, the indictment said. Six 
with 29 counts of wrongdoing, includ- brokers at Meyers Pollock also were 
ing racketeering, extortion, securities indicted. 

fraud and bank fraud, but there were no Officials of HealthTech did not return 

charges of violent crime. telephone calls requesting comment. An 

“The markets must be isolated from employee who answered the phone at 
the influence of organized crime,' ' said Meyers Pollock’s office on Wall Street 
Mary Jo White, u.S. attorney for the said the firm would have no comment. 
Southern District of New York. * ‘They Neither firm was charged, 
must be stopped before they get a “The mob has never seen a market 
foothold on Wall Street.” they didn’t want to manipulate," said 

Ms. White said that her office be- James Kails trom, assistant director in 
lieved the attempts of organized crime charge of the FBI’s New York office, 
to invade Wall Street were “relatively noting that instances in the past had 
isolated and do not threaten the overall included the garment industry, waste 
stability of our markets. ’’Nevertheless, hauling and the produce markets, 
she called the case “extremely trou- “We’re going to meet these guys on the 
bling.” from line," he said. 

Toe indictments said the mobsters There have been published reports 
inflated the stock price of HealthTech that the U.S. attoiney s s office, the FBI 
International Inc., a health and fitness and other regulators are investi g ati n g as 
firm in Mesa, Arizona, that trades on the many as 18 cases of fraud involving 
Nasdaq Stock Market. They then stocks traded on the Nasdaq market. 

At the roadblock that night, the officers asked 
each driver they stopped for their license and 
registration' checked each car for a rear tag. 
They had picked an intersection with only a mod- 
erate level of evening traffic, so it did not appear 
that anyone was delayed far more than a minute or 
two, unless they were given a ticket. 

The companion “Click It or Ticket” campaign 
on seat belts has increased their use by front-seat 
occupants to 83 percent, about 15 percentage 
points above the national average. The goal set by 
President Bill Clinton for 2000 is 85 percent, to 
further reduce deaths and injuries. 

Seat beh use is a highway safety priority now. 
partly because of the national debate on air bag 
injuries, which experts say are largely the result of 
drivers and front-seat passengers not wearing seat 

In fact, the state’s campaign was so effective that 
in 1994 and 1995, the insurance companies agreed 
in advance to cut (heir rates to reflea lower risk 
levels, said Insurance Commissioner Jim Long. 

Bote campaigns reflect a political culture dif- 
ferent from otter states. Politicians here run for 
statewide office on the drunken-driving issue. 

Congress Aide 
Gets Father 
A Burial Site 
In Arlington 

The Associated Press 

WASHINGTON — Over foe objec- 
tions of foe army's top brass. Defense 
Secretary William Cohen intervened to 
help a Republican congressional aide 
bury his ratter at A rlingt on National 
Cemetery, Pentagon documents show. 

Following Mr. Cohen’s intervention 
in July, foe army reversed its earlier 
position. The son. Robot Charles, is a 
staff member on a House subcommittee 
that oversees foe Pentagon. 

Memos obtained by The Associated 
Press show that Army Secretary Togo 
West cautioned Mr. Cohen against in- 
tervening in foe case of Roland Charles 
Jr. because it would be a “big deal for 

“In the past, secretaries of defense 
and presidents have often p referred to 
distance themselves from these burial 
decisions because they can be so emo- 
tional, and as in this case, potentially 
precedent-breaking.” Mr. west wrote. 

Now the Charles case may be caught 
up in foe controversy caused by in- 
accurate reports last week that burial 
plots at foe military cemetery in- Vir- 
ginia were being awarded to Demo- 
cratic Party donors. 

■ Roland Charles served two years in 
foe navy in foe 1950s and six years in the 
reserve and received an honorable dis- 
charge for a medical condition. 

But he was not a decorated-enough 
veteran to qualify for his own grave at foe 
national cemetery. He could have been 
buried at foe grave site of his parent except 
for a freak of nature — tree roots at foe site 
prevented this. 

Robert Charles, foe top Republican . 
aide on the House National Security sub- 
committee that has oversight for foe De- 
fease Department, asked for the help of a 
friend at the White House, where he was 
turned down. But he got a meeting with 
Mr. Cohen, a former Republican senator 
from Maine, the documents show. 

Mir. Charles used o fficial stationery 
to make his original request for a 
waiver, clearly denoting his title as 
“chief of staff & general counsel.” 

In interviews. Mr. West and a spokes- 
man for Mr. Cohen both said foe re- 
versal resulted from compassion by foe 
Pentagon, not as a political gesture to an 
aide on an important subcommittee. 


Budget Going Up 

WASHINGTON —The Year of 
foe Balanced Budget is abont to give 
way k> the Year of foe Big Budget. . 

As President Bill Clinton signed 
foe last of foe 1998 appropriations 
bills Wednesday, he approved the 
largest amount of overall govern- 
ment spending ever — as well as 
the most substantial increase in do- 
mestic spending in eight years. The 
budget will not be in balance. 

The signing, which formally fin- 
ishes work on foe 1998 budget, will 
also mark a reversal of foe Re- 
publicans’ effort since they took 
control of Congress in 1995 to 
shrink the size of the federal gov- 
ernment In some cases the Re- 
publicans even allowed substantial 

increases in programs they once 
vociferously opposed. 

After weathering three years of 
cuts, spending on domestic pro- 
grams other than the major enti- 
tlements such as Medicare and 
Medicaid will increase by $22.6 
billion — about 10 percent or 
nearly four times foe rate of in- 

The total budget will hit a record 
$1.7 trillion. 

Although the budget is projected 
to be in balance by 2002, Repub- 
lican leaders say they knew last 
summer that this initial spending 
increase was foe price they would 
have to pay if they wanted a budget 
and tax cut agreement this year. 

“it was the ’signing fee* for win- 
ning foe battle for tax cuts,” said 
foe chairman of foe House Appro- 
priations Committee, Representa- 
tive Bob Livingston, Republican of 
Louisiana. (WPi 

Atlanta Gets Mayor 

ATLANTA — Bill Campbell 
was re-elected to a second term as 
mayor of Atlanta on Tuesday after a 
rough-and-tumble runoff that man- 
aged to take on overtones of race 
and skin complexion even though 
both candidates are black. 

In an election thar was notable 
for its low turnout, at least partly 
because many Atlantans were 
either traveling or preparing for 
Thanksgiving, Mr. Campbell 
claimed a modest victory over his 
longtime rival. Marvin Arrington, 
foe city council president Mr. 
Campbell won 53 percent of foe 
vote and Mr. Arrington 47 per- 

In the Nov. 4 primary, which 
included 10 candidates. Mr. Camp- 
bell outpolled Mr. Arrington by a. 
margin of 36 percent to 26 percent. , 
Because neither won a majority, a. 
runoff was required. ! 

The contest between Mr. Camp- 
bell, 44, and Mr. Arrington, 56, 
devolved into personal and neg- 
ative attacks long before foe 
primary election. 

Animosity intensified during the 
last three weeks, and much of the 
bickering seemed driven by the 
candidates’ strategies to expand 
their share of the black vote in a city 
where two-thirds of all residents are 
black. (NYT) 

Quote /Unquote 

Colin Powell, who became head 
of a national drive to increase vo- 
lunteerism after a rally in Phil- 
adelphia: “Everybody wondered, 
well you know, Philadelphia's over 
and everybody had a good time, 
terrific television, but is anything 
going to happen?" (AP) 


i • - . , 



Away From 

« Secret Service agents 
searched the apartment of a 
student newspaper columnist 
at the University of California 
who wrote a satirical attack 
on Chelsea Clinton, the writer 
says. Ms. Clinton is a fresh- 
man at rival Stanford Uni- 
versity. Neither the White 
House nor foe Secret Service 
office in San Jose would com- 
ment on the allegations by 
Guy Branum. (AP) 

• Officials in Virginia have 
bought 200.000 graphing 
calculators, one for every 
ninth* and 10th -grader in the 
state and about 40 percent of 
eighth-graders. The calculat- 
ors. which are used in school 

■Tor algebra and other upper- 
level math classes, will cost 
nearly S20 million. (WP) 

• Facing a shortage of 
.phone numbers within the 

212 area code. New York 
state utility regulators have 

approved a plan ra phase in 

another area code, 646. in 
Manhattan next year. (NYT) 

• Schoolyard bullies are 
such a threat, a Kansas re- 
searcher found, that nearly a 
third of seniors surveyed at 
three Midwestern high schools 
wonted to change schools, and 
15 percent said foey had con- 
sidered suicide. (NYT) 

• Richard Jewel, the focus 
nearly 15 months ago of the 
inquiry into the bombing at 
Centennial Olympic Park in 
Atlanta, has been sworn in as 
one of five members of the 
police department in Luthers- 
ville, Georgia. (NYT) 

More New Mothers Go Back to Work 

Los Angeles Times 

study of American fertility 
habits has found that more 
than half of new mothers are 
going back to work before 
their infants can walk, a sig- 
nificant change from just a 
generation ago, the Census 
Bureau has reported. 

The study found that full- 
time, stay-at-home mothers 
are no longer the majority in 

America, with 55 percent of 
new mothers returning to foe 
labor force in 1995 within 12 
months of giving birth. In 
1976, when foe Census Bu- 
reau first began to track the 
trend, foe comparable figure 
was 31 percent. 

The older and mote edu- 
cated the mother, the more 
likely she is to return to work 
before her baby turns one year 
old, with 77 percent of col- 

lege-educated women aged 
30 to 44 deciding to juggle 
motherhood and an outside 
job, foe study showed. 

“Here you have a group of 
women who postponed chil- 
dren, got an education, went 
to work after college and 
probably havebeen fairly suc- 
cessful moving up in terms of 
income and satisfaction. It's 
hardto walk away from that,” 
said Suzanne Bianchi, profess- 

N. Y. Drops Foreign Language Rule 

New Tort Times Senice 

NEW YORK — la an abrupt reversal, foe 
head of foe State Board of Regenu has an- 
nounced that the board would scale back its 
recent decision requiring high school students 
to take three years of a foreign language and 
for now require only one year. 

The three-year requirement, a last-minute 
amendment to a package of new graduation 
standards approved on Nov. 14 by a lO-to-4 
vote, threw a monkey wrench into what one 
New York City school official called the 
coronation of the new state standards. 

The majority vote it won stunned even 
some of foe members of foe 16-member body 
and drew fierce and immediate opposition 
from school superintendents across foe state. 

The chancellor of the 16-member board, 
Cad Hayden, said he had received a barrage of 
complaints since the vote from educators and 
parents who “thought that we were bereft of 
our senses.” 

School officials had argued that foe new 
standard might tip foe balance for students 
already in academic trouble and cause them to 
drop out 


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12:30 p.m. 

sor of sociology at the Uni- 
versity of Mary land- 

While the figures do not 
indicate whether women are 
returning to their jobs full 
time, they do portray a nation 
of mothers who have spent 
foe last 20 years deciding to 
go back to work in steadily ' 
increasing numbers before 
their babies toddle. 

The findings also reflect , 
the increasing reliance of 
many households on two 
paychecks, as well as the 
growing rate of single moth- 
erhood, experts noted. 

The census report, “Fer- 
tility of American Women: 
June 1995," surveyed nearly 
57,000 households across the 
United States. 


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Taiwan Parties 
Add Spice to 
Local Election 

The Associated Press 

TAIPEI — Long speeches are ouL 
Taiwan’s main opposition party is hop- 
ingthat young women in tight black 
outfits dancing the Macarena will give it 
an edge in local elections Saturday. 

The women, called the “spicy girls 

A Top North Korean 

“offer a softer, less ideological image," 
said Julian Kuo, a party strategist. 

Politicians here used to campaign 
along clearly drawn ideological lines. 
Democratic Progressive Party candidates 
argued for a Republic of Taiwan per- 
manently independent fiom China. Mem- 
bets of the governing Nationalists ad- 
vocated reunification with the mainland 

But the parties have nearly converged 
in re ce nt years behind a policy of keep- 
ing de facto independence. Whai is 
more, most voters consider the issue 
irrelevant to Satnrday’s election of 23 
mayors and county executives. 

That means the parties must develop 
new images and new issues, such as 
public safety and government effi- 
ciency, as they prepare for the third local 
election since opposition parties were 
legalized in 1987. 

__ Because voters appear sick of polit- 
ral hectoring, campaign rallies are in- 
creasingly organized like musical vari- 
ety shows. The “spicy girls” have been 
Appearing with Democratic Progressive 
^arty candidates throughout the island, 
along with truck-borne rock bands. 

I Both parties have organized commit- 
tees on women's welfare, now that 
women are increasingly deciding for 
Qtemsdves whom to vote for rather than 
simply following a husband's lead 
! Many see the polls as a trial run for the 
presidential election in 2000, when Pres- 
ident Lee Tung-hui will retire after 12 
£ears in office. 

; The Nationalists hold 16 of the 23 
posts that are being contested, but could 
fose as many as three, said Joseph Wo, a 
political science professor at National 
Chengchi University. The Democratic 
progressive Party, with six, will prob- 
ably pick up two more, while independ- 
ents hold one and may gain another, Mr. 

• The Nationalists have ruled Taiwan 
since 1949, when they lost a civil war to 
die Communists on mainland C hina and 
took refuge on the island Their ex- 

Venue for Talks Seen as Reward for Pyongyang 

'i, ' 

- ‘ 

r we l KhMtAynccft Mix - Pm K 

STANDING ROOM ONLY — A crowd showed up for the inauguration of Pakistan’s first modern 
highway, linking Islamabad and Lahore. The $1 billion road is part of a planned link to Central Asia. 

mem to dominate most elections. 

’• But the Nationalists have been barter- 
ed in recent months by corruption scan- 
dals, sensational crimes and roller-coast- 
ing financial markets. 

Australia Suspends 
Land Rights Debate 

CANBERRA — The Australian 
government suspended debate Wed- 
nesday on a bill' to limit Aboriginal 
land rights after protesters in the vis- 
itors’ gallery began jeering conserva- 
tive legislators. 

The government’s manager in the 
Senate, Senator Nick Minchm, sud- 
denly announced that debate on the bill 
would be postponed for days, perhaps 
into next week, so more pressing leg- 
islation could be voted on. 

The government contends that two 
High Court rulings allow Aborigines to 
lay claim to more than 79 percent of 
Australia's total land mass of almost 3 
million square miles. Aborigine lead- 
ers say tee court’s decisions, setting 
out broad parameters for title claims, 
are much more restrictive than that 

Debate had barely begun Tuesday 
night when the standing-room-only 
crowd began applauding opposition 
Labour Party speakers. Security guards 
removed several people from the pub- 
lic galleries after they chanted "No no 
to tee racist bilL 1 ’ (AP) 

Candidates Open 
Campaign in Seoul 

SEOUL — South Korean presiden- 
tial candidates rushed to unveil eco- 

nomic policies as official campaigning 
kicked off Wednesday, agreeing 
broadly on ways to tackle the country's 
worsening financial crisis. 

Less than a month before the Dec. 18 
election, the three main candidates all 
endorsed major reforms to an economy 
troubled by a string of business fail- 
ures, analysts said. 

All three have backed Seoul’s re- 
quest for $20 billion in standby loans 
from tee International Monetary Fund 
and the painful structural adjustment 
that will come with tee money. But 
other details are somewhat thin. 

“So far all tee candidates are vague 
about what their economic policies 
are,” said Kim Chung Ho of the 
Korean Center for Free Enterprise, a 
think tank for the Federation of Korean 
Industry, a business lobby group. 

“I expect this vagueness to con- 
tinue, as no candidate will want to risk 
votes demanding specific measures 
that could include layoffs,” Mr. Kim 
said. ( Reuters ) 

Red Cross Launches 
Relief in Irian Jay a 

GENEVA — Nearly a quarter of the 
400,000 inhabitants of Indonesia's re- 
mote province of Irian Jaya are suf- 
fering from malnutrition caused by 
severe drought, the International Com- 
mittee of the Red Cross reported on 

The Geneva-based organization said 

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it had launched a six-month relief op- 
eration to assist people in the region, on 
the western side of New Guinea. 

The drought in Indonesia, made 
worse by the £1 Nino weather con- 
dition that c auses climatic havoc, has 
led to food shortages and diseases in- 
cluding malaria and respiratory prob- 
lems in Irian Jaya. Reports say at least 
430 people have died there because of 
the drought. ( Reuters ) 

2 Policemen Slain 
By Indian Guerrillas 

GUWAHATI, India — Guerrillas 
killed two policemen and abducted 
three others in India's northeastern state 
of Assam on Wednesday, police said. - 

The clash took place in Chitaznani 
Ghar, 1 30 kilometers (95 miles) east of 
the s tate ’s capital, Dispur. 

Police said they had rushed rein- 
forcements to the area, where the 
forests are being searched. 

Officials said they suspected that the 
United Liberation Front of Assam, one 
of many guerrilla groups in the region 
fighting for independence, was respon- 
sible for the shootings. 

The organization is one of hundreds of 
groups fighting Indian rule in five states 
in the northeast, which has been rocked 
by violence since the country gained 
freedom fiom Britain SO yean ago. 

The Mqqi^t-jiispired group accuses 
New Delhi brignoring the region and ... 
exploiting i& res6ofces. + ? ! (Reuters)-* 


Anxieties Growing 

Continued from Page 1 

(The company made the statement 
after the Topix index of brokerage stocks 
on the Tokyo exchange fell 7 percent, 
and the bank index fell almost 3 percent, 
even as the broader index rose 1.22 
percent, Bloomberg News reported.] 

Sei Nakai, the senior deputy director- 
general of the Ministry of Finance Bank- 
ing Bureau, heatedly dismissed the no- 
tion that the government no longer had a 
grip on the reins of the financial system. 
He blamed speculators for the turmoil, 
saying that the havoc they are wreaking 
in the stock market was spilling over into 
the short-term money market 

“We are confident now that we don’t 
have any major banks that are insolv- 
ent,” he said in a telephone interview 
Wednesday. “The problem now is li- 
quidity, but the Bank of Japan has a very 
strong resolution to provide enough 
funds to the financial institutions so they 
don’r have to worry aboot that” 

It is widely believed that the gov- 
ernment will propose a plan to use public 
funds to bolster the financial system, but 
Mr. Nakai said any plan would have to 
wait until early next month. 

Makoto Utsumi, a Keio University 
professor and former Finance Ministry 
official, said: “The prime minister has 
clearly instructed the party leaders to 
explore urgently a specific measure to 
inject public money to address the bank- 
ing system’s problems. We know what’s 
going to happen, bat the sentiment right 
now is excessively panicky.” 

The Bank of Japan has thus for 
stepped in with bridge financing of 
nearly 3 trillion yen ($23.6 billion) to 
protect depositors and creditors of the 
collapsed financial institutions. 

Nevertheless, the price of borrowing 
sbcK-tenn money, the equivalent of air in 
die life of a financial institution, rose to an 
average of 0-57 percent Wednesday from 
0.51 parenton Tuesday, even though the 
central bank pumped at least 900 billion 
yen into die system. The Bank of Japan’s 
target rate for short-term lending is below 
the 0 JO percent official discount rate. 

Effectively, the short-term credit mar- 
ket and the ratings agencies are all but 
ignoring the government’s efforts to 
calm investors and lenders. 

“Moody’s is challenging the govern- 
ment’s ability, especially the Ministry of 
Finance, to protect depositors and cred- 
itors,” Mr. Nakai’ said. “But we have 
enough ability to protea depositors and 
the financial system, and additionally we 
have very strong resolve to do so.” 

■ Finance Officials Caned Trip 

Mr. Mitsuzuka canceled plans to at- 
tend a meeting of Southeast Asian fi- 
nance ministers in Malaysia next month, 
Reuters reprated, and Eisuke 
Sakakibara, a senior Finance Ministry 
official known as “Mr. Yen” for his 
influence in currency markets, canceled 
a trip to Hong Kong, where Asian cur- 
rency traders will gather this weekend. 

WASHINGTON — High-level talks 
between North Korea and the United 
States were held at the State Department 
fra the first time Wednesday, in what 
could mark the beginning of a warming 

Deputy Foreign Minister Kim Gye 
Gwhd of North Korea was to hold a day 
of talks on a range of issues with Charles 
Kartman, principal deputy assistant sec- 
retary of state for East Asian and Pacific 
affairs. U.S. officials said. 

Mr. Kim made no statement to re- 
porters as he walked through the State 
Department's mam entrance, flanked by 
his aides. 

The meeting followed the agreement 
last week between North and South 
Korea, the United States and China to 
begin negotiations Dec. 9 on a perma- 
nent, peace accord to replace the armi- 
stice that ended the 1950-53 Korean 

Mr. Kartman. and Mr. Kim have met 
for such talks before, but always in New 
York, a site meant by the United States to 
imply a United Nations context rather 
than a state- to-state encounter. North 
Korean officials ranking lower than Mr. 
Kim have visited the State Department. 

The United States and North Korea 
have no diplomatic relations. 

Although the State Department de- 
scribed the Washington venue as “mu- 
tually convenient,” it was widely seen 
as a reward far Pyongyang's agreement 
to take part in the four ^>aity peace talks, 
a subject not on the agenda Wednes- 

The State Department said the agenda 
included a planned exchange of liaison 

offices in Washington and Pyongyang,- 
the search for remains of America^, 
missing from the Korean War and U-Sj* 
concerns about the North’s missile pro- 

. The two sides have been discussing* 
liaison offices for three years. Wash-, 
ington says the move, which would maifc' 
a serious upgrading of ties, has been held ■ 
up by “technical” problems, such a s. 
establishing secure communications. 

U.S. officials said Nor* Korea.’ 
routinely requests at such meetings more, 
food aid, although Washington says ir 
does not negotiate on this issue, pre- 
ferring to send food shipments in re-', 
spouse to UN appeals: \‘ ' 

The officials said they hoped to make gp- 
pro gre ss in die talks Wednesday but"- 
were not an ticipating any major an-i' 
nouncement, barring some new conces-'i 
sion by North Korea. 

“Do we know in advance that there’s, 
going to be some outcome? No," one 
official said. 

Officials from the National Sec only • 
Council and the Defense Department 
were also taking part in the talks. 

The four-party peace negotiations, 
will be held in Geneva. They were first 
proposed in April 1996 by President Bill- 
Clinton and President Kira Young Sam 
of South Korea. £ 

North Korea stalled fra more than a* 
year on the proposal but was apparently 
pushed into agreeing by its economic ; jf 
troubles and food shortages. ; ’ 

U.S. officials said a key turning point | 
was when the North Korean leader, Kim 
Jong H, formally took over as general- 
secretary of the ruling Worker's Party on ; 

OcL 8. (AP. Reuters) ■ 


KOREANS: U.S. Starting to Feel the Pain 

Continued from Page 1 

in tuition and other expenses to the 
American economy this year had their 
family not been squeezed by the eco- 
nomic downturn. And they are the just 
the tip of the problem. 

More than ^7 ,000 South Korean stu- 
dents are enrolled in U.S. colleges and 
universities, more than any nation ex- 
cept Japan and China. Those South 
Korean students contribute at least $600 
million in tuition, fees and other direct 
costs, and the amount of their indirect 
spending — shopping, eating out, travel, 
visits from family mranbers — pushes 
that figure for higher. And that does not 
count (he millions spent by the 10,000 
South Korean students, the largest for- 
eign group, enrolled in intensive English 
classes in AmpriCal * ■ r- 

“The impact of the South Korean 
turmoil is going to be felt very broadly” 
in the United States, said Todd Davis, 
director of research at the Institute of 
International Education in New York. 

South Koreans interviewed here say 
some students are already transferring 
from American universities to less ex- 

S snsive ones in Australia or Canada. Mr. 

avis said that is a dangerous trend for 
U.S. schools, especially smaller private 
institutions that depend on income fiom 
foreign stndents, who tend to pay full 

More than 800,000 South Koreans 
visited the United States last year, and 
they contributed an estimated S2 billion 
in tourism revenue to the American 
economy. The U.S. Embassy in Seoul 
issues more n onimmigr ant visas than 
any other post in the world, nearly 
double the number issued last year at the 
second-busiest office, Mexico City. 

But the dramatic drop in the value of 
the South Korean won against the dollar 
has kept South Korean travelers at home. 
Korean airlines are already reporting a 
decrease in business of 20 percent or 
more as the peak travel season ap- 

That does not just mean fewer profits ; 
for Korean travel agents, it means fewer - 
tourists at Disney World and fewer i 
Korean families shopping in the United 

The Korean won is worth 30 percent ' 
less against die dollar than it was a year ; 
ago. So, for a South Korean worker > 
whose won paycheck has not changed, a ' 
$5,000 trip to the United States now 
costs about $6,500. Travel agents report ! 
that many South Koreans are deciding ; 
that domestic destinations are looking 
like a much better buy these days. The ' 
big loser American airlines, hotels and ; 

President Kim Young Sam has ap- 
pealed to South Koreans* national pride, ; 
urging them to cut back on unnecessary ■ 
spending, and he has specifically tar- ! 
geted foreign goods; That is. bad- news ; 
for American .exporters, of everything • 
fiom beef and ice cream and frozen ; 
pizzas to industrial equipment and ag- 
ricultural supplies. 

South Korea is the United States' ; 
fifth-largest export market, buying more < 
than $26 billion worth of American ■ 
goods last year. ; 

That figure is down 7 percent so far 
this year, and is expected to drop sharply . 
in the craning months because of the ; 

The government first made the "no ; 
imported goods'* call last year to combat ; 
a slowing economy. So for, imports of ■ 
previously popular items such as golf 1 
clubs, liquor,- large-screen televisions, ■ I 
washing machines and other big-ticket ! 
items are way off, as Koreans heed the ; 
call to buy domestic. 

Hie Finance Ministry announced this ; 
week that it would closely scrutinize 
anyone who charges more than $5,000 
on a credit card while traveling abroad. ; 
Those whose spending is determined to < 
be “excessive” could face a one-month . 
suspension of their credit card, and those . 
who charge more than $10,000 during a 
foreign trip could face criminal pros- ! 
edition, foe government said. 

AIRLINES: Asian Carriers Face Struggle ; 

Con tinned from Page I 

gion have $37 billion in firm orders 
outstanding fra about 300 wi de-body 
jets and options to buy nearly 130 more. 
All the orders are divided between Boe- 
ing Co. of the United States and the 
European plane-making consortium. 
Airbus Industrie. 

Peter Harbison, managing director of 
foe Colter for Asia Pacific Aviation, a 
travel-industry consultancy based in 
Sydney, said the cutthroat competition 
spurred by the slump probably would 
result in foe collapse of several major 
regional airlines by 2000 or their forced 
merger with stronger camera. 

Mr. Harbison, who previously 
worked for the Australian government’s 
Department of Aviation and foe Inter- 
national Air Transport Association in 
Geneva, declined to name likely vic tims 
but said that even before foe currency 
turmoil started to spread after Thailand 
effectively devalued the baht July 2, 
several airlines were in financial trou- 

“In most cases, their finances are 
more stretched than at any previous time 
by the combination of fleet expansion, 
new levels of competition and, now, the 
anmutatod growth period,” he said. 

Currency depreciations also will add 
to tire costs of aircraft and fuel, which are 
normally priced in U.S. dollars. 

Mr. Neghne said that Asian airlines 
with substantial foreign debt, such as 
Thai Airways International Led. and 
Malaysian Airline System Bhd., would 
haye to make provisions fra their for- 
eign-currency liabilities. 

The Association of Asia Pacific Air- 
lines reported this month foal the com- 
bined operating revenue of its 18 men> 
ber earners for the year that ended Oct- 
31 rose only 0.6 percent, to $5 15 billion, 
while operating expenses grew 23 per- 

cent, to $49.4 billion. 

The resulting $2.5 billion profit was. 
$81 1 million less than a year earlier — " 
and foe outlook for 1998 appears evea£ 
more difficult. 

“For many who are used to unin- 
profitability, and who have formulated 
their plans for foe future on a confident-* 
prediction of more of foe same, the re-*« 
suits for 1997 and the forecast for 1998 ' 
must come as a nasty shock,” said" 
Richard Stirland, director of the As-..- 
sociation of Asia Pacific Airlines. 

The prospect of declining growth in» 
Asia comes after many airlines enlarged 
their fleets and placed orders to make*- 
them even bigger in foe expectation that. , 
foe region would become the world's 
leading center for air travel and cargo. 

But now “the Indications are that, 
Asia-Pacific airlines may be heading ! 
back into a down cycle, which could- 
cause a great (teal of angst amongst 
management over the next two or three" 
years,” Tom Ballantyne, an aviation, 
analyst, wrote in foe latest issue of the 
association’s magazine. 

Cathay Pacific has already postponed. 

the two companies to save money. 

Asian carriers have not canceled anyv 
orders fiom Boeing, but they are grateful- 
that the company delayed some deliv- 
eries because of its own production.* 
problems, a Boeing executive said. 

At foe signing of a strategic alliance*' 
on Monday with Lufthansa AG of Ger - 
many, Cheong Choong Kong, deputy 
c hairman and chief executive of Singa-'* 
pore Airlines Ltd., said that although the''- 
chrrency turmoil would hurt foe carrier's' 
earnings, the region’s weaker currencies^ 
would help attract more tourists and., 
moderate the negative- impact. 







;■ ms v -■ . - - ; vy ■ _ 

Troops Will Be Needed for 2 to 3 Years More, Westendorp Says 

LONDON The international com- 
munity’s representative in Bosnia-Her- 
^govma said in an interview Wednes- 
day that international forces would be 
needed in the country for at least two to 
three more years. 

^ they leave now. I am sure war, the 
Killings and ethnic cleansing will <y»rry » 
back,” Carlos Westendorp told the Fi- 
nancial Times. “It will take at least two 
to three more years before we no longer 
need the troops.” 

The mandate of the NATO-led Sta- 
bilization Force for Bosnia, which com- 
prises about 30,000 soldiers, is due to 
run out at the end of June 1998. 

President Bill Clinton and members 
of Congress have so far failed to agree 
on whether to maintain a U.S. presence 
*j|in the force, and several other con- 
'tributor countries say they will not con- 
tinue to take part if the United States 
pulls OUL 

Mr. Westendorp, a Spanish diplomat 
and the international community’s 
watchdog over the peace process in 
Bosnia, said it might not be necessary to 
retain all the troops for three years. 

' But he added that “we will need very ' 
close to that figure in the mming 

In Bonn, Defense Minister VoLker 
Rue he said Wednesday that Germany 

would probably keep a significant pres- 
ence in any fofiow-oh force. : 

He said there were about 3,000 Ger- 
man soldiers serving among the 30*000 
in the farce. • 

“I believe it is conceivable that we 
shall retain our propoitionaiestrengfr in 
an albeit smaller overall force. Mphaps. 
increasing 'in relation to the. Amenc—' 
ans." Mr. Ruehe told the Wcstcfertechar 
AUgemeine Zeitung nempaper. 

NATO defense ministers will meet in 
Brussels next' week to discuis, among 
other topics, the jemaining six months 
of die Stabilization Force and any pos- 
sible successor. ■ • \ ...V 

According to diplomats, three pro- 
posals will be on the table: a tog re- 
duction in die number of troops, no 
change or a symbolic reduction at size 
that would be progressive and respons- 
ive to the on-going situation. The third 
option is thought to be the ertost, Seely. 

Alliance governments agrees that 
same form of the NATO forces 
to be replatted after its main 
if the Daytcra peace accord, winch * 
the Bosnian warin December,!^, is to 
succeed fully. . (APB, Matters) 

■ Bosnian Coalition Likely 

The chief aide to Radovan 
the former Bosnian-Segrb 
his party's apparent first-place 

in weekend .elections was only a “rel- 
afiye’A victory, indicting that power 
would be shared by several parties. Die 
Associated Press reported from Pale, 

. Momcilo Krajisnik; who is also the 
Serbian member of Bosnia's tripartite 
presidency, -$aid tlfat the 33 percent that 
die S^.Demooalic, Party Won “in- 
dicates that no single paity can govern 
' without a 'cbalitioji partner or a dis- 
tribution Of power.’*" ’ 

Partial, unofficial results made public 
by die Bosnian Serb election commis- 
sion io Rale,: where Mr. Krajisnik’s 
party is headquartered,' showed that the 
newly. fi>n»ed Serb Popular Alliance, 
led by$4r. Karadzic’s chief rival. Pres- 
ident Biljana, Plavsic, got 20 percent of 
the vote; ■■ 

. The Serb Democratic Party’s poten- 
tial allies, the. ultranationaKst Radicals, 
were in third place with 19 percent and 
the Socialists — possible Plavsic allies 
— csfigneai fourth with .12 percent. 

But JfflB&'DPlavsic tfiqrated 1 fee results - 
announced by the- commission, saying 
Wednesday that they should not be 

“The, election commission has no. 
right co announce any election results," 
She said.: * ‘Therefore, the results are 
fully arbitrary and optional and could be 

I Ijlllhl hHnunh • UruUo* 

Muslim refugees from eastern Bosnia clearing ruins at a Catholic monastery devastated by war near Sarajevo. 



European Court Fines Turkey 

STRASBOURG — The European Court of Human 
Rights condemned Turkey on Wednesday for arbitrarily 
detaining six former Kurdish members of the Ankara 
Parliament in 1994. 

The court said Sim Salrik, Ahmed Turk, Mahmut 
Aimak, Mehmet Hatip Dicle, Orhan Dogan and Leyla 
Zana, members of the Kurdish People's Labor Party, 
were held in police custody for between 12 and 14 days 
under accusations of separatism and unde rminin g Turk- 
ish territorial integrity. 

The court said their detention breached Turkey's com- 
mitments to respecting judicial control of detention under 
the European Human Rights Convention, saying au- 
thorities could not have a free hand to hold suspects even 
in terrorism probes. 

The court ordered Turkey to pay 30,000 francs 
($5,100} each to Mr. Dicle and Mr. Dogan, and 25,000 
francs ($4,200) each to the four others, besides com- 
pensating diem fra- legal costs. (Reuters) 

■ Joint Mir Spacewalk Delayed 

MOSCOW — Mission Control has delayed a joint 
Russian- American spacewalk from the space station Mir 
for more than a month from its scheduled date of Dec. 5, 
officials mid- Wednesday. 

-"The spacewalk' schedttlted^or December is being 
postponed WY January,” said Sergei Gorbunov, a spokes- 
man for fee Russian Space Agency. 

“The cosmonauts nave done a great deal of work and 
they need to rest,” he said. ^ 

The American astronaut David Wolf and fee Russian 
commander, Anatoli Solovyov, are now expected to 
’ make the spacewalk on Jan. 9, two weeks before Mr. Wolf 
is to leave fee station, said Kathleen Maliga, a spokes- 
' woman for fee National Aeronautics and Space Ad- 
ministration. Mr. Solovyov is also expected to make a 
spacewalk with his flight engineer on Jan. 5. (Reuters) 

French Citizenship Bill Debated 

PARIS — The National Assembly on Wednesday 
began debating a controversial citizenship bill, part of fee 
Socialist government’s plans to ease hard-line immi- 
gration laws enacted by conservative predecessors. 

Central to the new bill is a provision granting children 
bom in France of foreign parents the automatic right to 
French citizenship when they reach 18. They would be 
able to obtain it at 13 if they requested it 

Drafted by Justice Minister Elisabeth Gmgou, fee 
legislation would overturn a current law under which 
French-bom youths of foreign parents can only become 
' citizens if they specifically ask to between fee ages of 18 
and 21. 

The new bill is likely to be adopted when the National 
Assembly votes on Monday. (Reuters) 

% Press Gag Is Sought 
By Diana’s Brother 

The Assvciateti Press 

pcncer, the brother of Diana, 
rincess of Wales, asked a 
oufe African court on Wed- 
ssday to halt local news re- 
nts on his divorce case be- 
lli se they were harming his 
iut children. 

The law forbids South Al- 
can newspapers to report de- 
lls of divorce cases. But 
*me have carried allegations 
\i lawyers for Lord Spen- 
:r’5 estranged wife, Victoria 
ockwood, 32. feat he had up 
i a dozen affairs. 

“It’s basically to protect 
tc children,” said Loro 
pencer’s spokeswoman. 

His lawyers appeared m 
jun Wednesday to seek an 
junction against fee cape, 
lines and Cape Argus news - 
ipers. The two newspapers 
iy they will fight on the 
■ounds feat the law violates 
ic constitutional guarantee 
■freedom of speech. 

The Cape Times ran afrom- 

,ge article Wednesday on fee 

gal move, but said 11 would 
a be priming any furtherde- 

ils from the divorce case. 

Lord Spencers lawyer 
:(cr Hod«,s*d .tlwQ>£ 

from British 

reign media are not 
j Mw inw and the sto- 

ry of Lord Spencer’s alleged 
affairs has made headlines 
around the world, especially 
in Britain. 

Several British newspapers 
have quoted a letter leaked to 
fee press in London that Lord 
Spencer wrote to an alleged 
lover, Chantal Collopy, in 
which he said he had treated 
Itis wife badly. 

“I feel a dreadful bully to 
Victoria. I have been callous 
and vicious trying to force her 
out of my lire. She deserves 
better than feat," the Sun 
tabloid newspaper quoted fee 
letter as having said. . 

The Evening Standard in 
London quoted Miss Collopy 

as having said that Lord Spen- 
cer had dropped her, leaving 
hex life in ruins. 

“I’d always thought Vic- 
toria was fee cause of their 
marriage problems,” she was 
quoted in fee Evening Stan-, 
dard. “After he dumped me I 
realized feat, like me. Vic- 
toria was also a victim. I had 
time to think aboot what 
happened and I knew she too 
haS suffered at his hands. 

Lord Spencer, 33, whohas 
assailed the tabloid p^ss, 
lashed out at fee news media 
at Diana's funeral, saying feat 
she was hunted to her deatk 

Now the British tabloids 
s eera to be exacting twe— 

by blaring details of tne 

vorce case every day. 




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Kenya Registers Leakey’s Party on Eve of Election 


By Stephen Bnckley 

WashinRiufi Punt Service 

NAIROBI — The Kenyan gov- 
ernment registered an opposition 
party led by the conservationist and 
anthropologist Richard Leakey on 
Wednesday after two years of deny- 
ing die group formal recognition. 

The legislation of the Safina 
Party, of which Mr. Leakey, a third- 
generation Kenyan of British des- 
cent, is secretary-general, came just 
a month before Kenyans participate 
in their second multiparty presiden- 
tial election. The East African coun- 
try embraced multiparty democracy 
in 1992. 

Mr. Leakey declined to say 
whether Safina would put forth a 
candidate for the election, sched- 
uled for Dec. 29. Political analysts 

said they believed that President 
Daniel of Africa’s last 
old-style dictators, will most likely 
extend his 19-year reign. 

Attorney General Amos Wako in- 
sisted at a news conference Wed- 
nesday that political pressure had 
not influenced the government’s de- 
cision to recognize Safina and re- 
fused to characterize the move as a 
setback for the government. 

But at a separate news confer- 
ence, Mr. Leakey, surrounded by 
several top Safina officials, called 
the action “a climb-down by people 
who have not made a habit of climb- 
ing down.” 

Mr. Leakey and Safina's chair- 
man, Muturi Kigano, criticized the 
government in a statement saying, 
“Whilst welcoming the news that 
Safina has been granted registration. 

we condemn in die strongest pos- 
sible terms the unconstitutional and 
undemocratic processes that occa- 
sioned the delay.” 

In recent weeks Mr. Leakey, 52, 
and other top Safina officials have 
pushed the candidacy of the Social 
Democratic Party leader, Charity 
Kalukj Ngilu, whom many believe 
has the best chance of toppling Mr. 
MoL Some political analysts sug- 
gested that the move Wednesday 
may be aimed at shattering the mo- 
mentum she has gained from en- 
dorsements such as Mr. Leakey’s. 

Mr. Leakey suggested that the 
government might have registered 
Safina to try to further splinter 
Kenya's already fractious opposition. 
At least 20 candidates are challenging 
Mr. Moi in the upcoming election. 

“We don’t want to fall into a trap 

and look stupid," Mr. Leakey said, 
adding later, ‘ ‘We have always been 
concerned not to divide the oppo- 

Safina's journey into official ex- 
istence began two years ago, when 
Mr. Leakey announced that he had 
started a party made up of some of 
the fiercest critics of the Moi re- 

Mr. Moi immediately attacked 
the conservationist as an interloper 
who had no right involving himself 
in Kenyan politics (although Mr. 
Leakey’s brother has actively sup- 
ported the ruling party). 

The president repeatedly said that 
he would not register Safina because 
its members were “subversives” 
whose primary aim was to foment 
instability ana violence in this na- 
tion of 27 million. 

Only a few weeks ago, the re- 
gistrar of political parties had again 
declined to accept the group, saying 
that Safina, which means “ark" in 
Sw ahili, had religious and ethnic 
overtones. Kenyah law prohibits 
political parties from being formed 
along tribal lines. 

The ruling outraged Safina lead- 
ers, who accused Mr. Moi of being 
the major roadblock to the party's 

Although Attorney General 
Wako met the press to explain the 
government's action Wednesday, 
the official announcement came 
from the office of the president. 

Mr. Wako said that the govern- 
ment bad decided to recognize 
Safina because the registrar of polit- 
ical parties had given “no specific 
grounds for denial." 

Airlines Asked to Fix 747s 

WASHINGTON (Reuters) -- Airlines have been 
asked to find and fix potential ignition sources in or near 
die center fuel tanks of Boeing 747 aircraft, the Federal 
Aviation Administration said Wednesday. 

The agency said ft issued two proposed airworthiness 
directives in light of recent tests conducted by the 
National Transportation Safety Board as part of its 
inquiry into die explosion of TWA flight 800, which 
killed 230 people. 

In a statement, the aviation agency described the 
measures as preventative. “Although the NTSB has not 
yet determined the cause of this tragic accident, and we 
know of no evidence that these parts played any role in 
the accident, the FAA is ordering these changes to ensure 
that we take every practical step to ensure the continued 
safety of the Boeing 747," the FAA, administrator, Jane 
Garvey, said 

Flight 800 went down off the coast of New York on 
July 17, 1996, when its center fuel tank exploded- The 
FBI last week formally ruled out a criminal act, leaving 
the transportation safely board to pinpoint the source of 
ignition that sparked the blast. ( Reuters) 

New Witnesses Against Mandela UN Inquiry to Start in Congo 

5 Testify to Her Role in Murders as Demands for a Trial Mount 

i.Mri AiKfcr-nAIfrutiT* 

Mrs. Madikizela-Mandela conferring with one of her lawyers Wednesday. 

Kamuzu Banda, Dictator 
Of Malawi Until ’94, Dies 


JOHANNESBURG — President Nelson Man- 
dela’s former wife, Winnie Madikizela-Mandela, 
faced mounting evidence Wednesday of complicity 
in the death of 14-year-old Stompie Seipei and 
could face a new trial for his and another murder. 

Mrs. Madikizela-Mandela has consistently 
denied the charges made against her, but has not yet 
commented on the new allegations. 

Five prominent veterans of the struggle against 
apartheid lined up against Mrs. Madikizela-Man- 
dela on Wednesday at a special meeting of the 
Truth and Reconciliation Commission and de- 
scribed how they learned in 1989 that Stompie 
Seipei had been killed. 

Several witnesses have described since Monday' 
how die youth and three others were beaten by her 
Mandela United Football Club bodyguards and 
dropped repeatedly in her Soweto home, leaving 
Stompie Seipei’s head “soft and swollen.” 

One witness said she was part of a group ordered 
to sing to drown out the screams of the boys who 
were being assaulted. Others said they were ordered 
to wash the blood from the walls of the room. 

The veterans were a cabinet minister, a retired 
priest, a top government adviser and two leg- 
islators. On Wednesday, they submitted a copy of a 
private letter they had sent to Oliver Tambo, then 
the exiled leader of Mr. Mandela's African Na- 
tional Congress, asking for help in managing the 
problem. They said in the letter that Mrs. Madi- 
kizela-Mandela “seems to think that she is above 
the community." 

In another development, a British politician, 
Emma Nicholson, said Wednesday that she would 
write to the country's attorney-general asking him 
to prosecute Mrs. Madikizela-Mandela for Stompie 
Seipei 's murder and the killing of a township 
activist, Lolo Sono. 

Mrs. Nicholson brought Katiza Cebekhulu, a 
former follower of Mrs. Madikizela-Mandela’ s 
now living abroad, to South Africa to testily. He 
told the commission that he had sear Mrs. 
Madikizela-Mandela stab Stompie Seipei. 

Mrs. Nicholson said that if the country’s senior 
prosecutor declined to take action, she would begin 
raising funds fra: a private suit over the murders of 
Stompie Seipei ana Lolo Sono, who disappeared 
soon after being beaten, allegedly in Mrs. Madiki- 
zela-Mandela’s presence. 

Mrs. Madikizela-Mandela was convicted of kid- 
napping Stompie Seipei and three others in 1991 

and was fined after a jail sentence was reduced on 
appeal. Mrs. Nicholson said she had agreed to the 
move with Stompie Seipei ’s mother, Joyce, adding: 
“I'm acting on her behalf. The TRC is not a court of 

South African law provides for private criminal 
prosecutions where the state fails to take action, but 
they are rarely successful 

Mrs. Madikizela-Mandela, who resumed her 
maiden name after President Mandela divorced her 
last year for infidelity, is seeking election in 
December as the ANC’s deputy president, a post 
that could open the way to high government office 
when her former husband retires in 1999. 

KINSHASA — The government on Wednesday told 
leaders of a UN team sent to investigate allegations of 
massacres of Rwandan Hutu refugees in the Democratic 
Republic of the Congo that it could begin its work. 

Etienne Mbaya, the reconstruction minister gave the 
go- ahead after UN Secretary-General Kofi Annan set a 

“There is nothing stopping you this time deploying 
your mission where you want,’ ’ he said. ' ( Reuters ) 

Aid Workers Leave Somalia 

MOGADISHU, Somalia — Foreign aid workers left 
the Somali capital Wednesday to protest abductions of 
workers and gunmen’s demands for bribes. 

At the request of European Union officials in Somalia, 
at least three international aid agencies — Doctors 
Without Borders, Action Against Hunger and North- 
South Italian Cooperation — ordered their foreign staffs 
to move to Nairobi. Two Italians employed by North- 
South Italian Cooperation were seized and held briefly 
Monday when a gunfight over farmland spread to their 
office north of Mogadishu. (AP) 

Russia Assails Cuba Sanctions 

BUENOS AIRES — Foreign Minister Yevgeni Pri- 
makov of Russia warned Tuesday (hat U.S. sanctions 
against Cuba were endangering “significant" political 
and economic reforms on the Communist-ruled island. He 
singled oat for criticism the 1996 Helms-Burton Act, 
which threatens penalties against foreign investors in Cuba 
that are judged to be “trafficking" u assets that were 
American-owned before the 1959 Cuban revolutiomfAPj 

FEUD: Rushdie and Le Carre Cross Pens in an Old-Fashioned Literary Duel of Insults 

The Associated Press 

Banda, the former president of Malawi, a 
hero of independence who became a 
symbol of brutal dictatorship and ec- 
centric autocracy, died Tuesday of res- 
piratory failure, a hospital official in 
South Africa said Wednesday. 

Though his official birthday was giv- 
en as May 14, 1906, long before birth 
records were kept in the former British 
colony of Nyasaland, Mr. Banda was 
believed to be in his late 90s. The hos- 
pital official gave his age as 99. 

Mr. Banda led Malawi to indepen- 
dence in 1964 and ruled until he was 
defeated in the country's first demo- 
cratic elections, in 1994. after three de- 
cades as head of one of Africa’s most 
brutal and isolated dictatorships. 

A spokesman for President Bakili 
Muluzi, who won the 1994 vote, said on 
state radio that the cabinet would meet 
Wednesday to make plans for the funeral 
and a period of mourning. 

During Mr. Banda’s rule, thousands of 
political opponents were killed, tortured, 
jailed without trial or hounded into exile. 
He was known for peculiar dictates that 
banned long hair on men. short skirts on 
women and the Simon and Garfunkel 
song “Cecilia" in deference to his long- 
time companion .Cecilia Kadzamira, one 

of the country’s most powerful figures, 
who held the title of official hostess. 

Mr. Banda, known as ngwori, which 
means chief of chiefs or conqueror in 
Chewa, was always seen in public in an 
austere dark suit and black homburg hat 
and waving a lion’s-tail fly whisk. 

Mr. Banda and Miss Kadzamira, along 
with top aides, were cleared in 1995 after 
an eight-month trial over the 1983 
murders of four dissident politicians. 

Antanas Mineikis, 80, Ex-Nazi 
Suspected of Baltic War Crimes 

MOSCOW (AFP) — Antanas Minei- 
kis, 80, a former Nazi whose involve- 
ment in war crimes was long suspected 
but never proved, died in Lithuania on 
Monday after a heart attack, the BNS 
news agency’ said, quoting a Respublika 
newspaper report. 

Suspected of organizing reprisals dur- 
ing the Nazi occupation of the Baltic 
region before his emigration to the 
United States, he was deprived of U.S. 
citizenship in 1992 and deported. Lith- 
uanian investigators were unable to 
gather enough evidence to indict him. 

Jaraslav Pechacek, 86, a former di- 
rector of Radio Free Europe in Czech- 
oslovakia who survived Nazi concentra- 
tion camps, died of pneumonia Thursday. 

Continued from. Page 1. . 

Panama" for having raised the issue. 

The battle was joined a week ago 
when Mr. Rushdie wrote a letter for 
publication saying he could not sym- 
pathize with the complaint because Mr. 
Ie CamS had been “so ready to join in an 

“In . 1989, "Mr. Rushdie said. “dur- truth is as self-serving as ever. I never 
ing the worst days of &e’ Islamic attack joined his assailants. ’ ' 

on ‘The Satanic Verses,’ le Canrifr wrote He went on to say that in rccom- 
an article in which he eagerly and rather mending a halt in distribution of the 

pompously joined forces with my as- 

He suggested ft would be “gracious’ ' 
of M. le CarrtS to “admit that he un- 

truth is as self-serving as ever. I never that “it suggests that anyepre who dis- 
joined his assailants. ' ‘ -* pleases philistine, reductionist, radical 

He went on to say that in recoirw Islamist folk loses his fight- to live in 
mending a halt in distribution of the safety.” 

paperback versions, he was * ‘more con- Mr. Rushdie’s letter was " vile,” shot 

paperback versions, he was "more con- 
cerned about the girl in Penguin Books 
who might get her bands blown offin the 

back M. le Carr6, an edict from His 
“throne” proclaiming that “ourcau$e;is 

earlier campaign of vilification against a derstands the nature of the Thought Po- royalties.” 

mail-room than I was about Rushdie’s absolute, it brooks no dissent or qual- 

fellow writer. lice a little better now that, at least in his 

. The campaign alluded to was an effort own opinion, he’s the one in the firing 
by Mr. Ie Cane and others to persuade line." 

M. Rushdie to halt distribution of pa- Hie next day, M. le Carr6 responded 
perback versions of his book because of with a letter calling M. Rushdie “ar- 
the threat of harm coming to people rogant," “colonialist” and "self-right- 
selling it. eous,’ ’ saying: “Rushdie’s way with the 

The next day, it was Mr. Rushdie’s 

turn. “I’m grateful to John le literate unperson.” 

ification; whoever questions it is by 
definition an ignorant, pompous, senji- 

BRAZIL: Danger for the Economy in President’s Tough Cure 

Continued from Page 1 elections. In Sao Paulo, he had an ap- 

proval raring of 55 percent in October, 
other economies in Latin America de- But after he released his austerity plan, 
pend on Brazil.” his approval rating dropped to 47 percent 

But while the proposed austerity mea- — the lowest in about a year, 
sures are harsh — including new gas. No one is suggesting that he has fallen 
airport and income taxes and massive completely from grace. But his con- 
govemment layoffs — they may be ex- turned political clout “depends on how 
actiy the kind of bitter medicine Brazil lone the crisis lasts,” Mr. Lamounier 
needs, some economists said. said. 

“I think investors should see this as The economy, meanwhile, has be- 
Brazil facing its problems,’.’ said Bolivar come an obsession here. It consumes the 
Lamounier, a Sao Paulo economist and newspaper front pages and television 
sociologist. * ‘Things must get worse be- newscasts. 

fore they get better, and Cardoso is “We have learned something new — 
showing he is now politically prepared Brazil is part of the global economy,” 
to allow things to get worse." said Roberto Faidini, head economist for 

Mr. Cardoso took a large political risk the Sao Paulo Federation of Industries, 
by proposing tax increases and gov- Brazil’s Largest corporate association- 
eminent layoffs only a year before pres- The crisis dates from the global stock 

But after he released his austerity plan, 2 percent this year. 

his approval rating dropped to 47 percent 
— the lowest in about a year. 

No one is suggesting that he has fallen 
completely from grace. But his con- 

tinued political clout “depends on how jobs in the public sector, 
long the crisis lasts,” Mr. Lamounier over the next few monl 

GERMANY: Students Take to the Streets 

austerity plan are expected to slow eco- 
nomic growth from 4 percent to less than 

The economy, meanwhile, has be- 

‘ ‘We have learned something new — forcing Brazilian companie 
Brazil is part of the global economy,” aggressive in pursuing fort 
said Roberto Faidini, head economist for as domestic demand drops, 
the Sao Paulo Federation of Industries, Analysts point out that 


eminent layoffs only a year before pres- The crisis dates from the global stock 
idential elections. He is gambling that he market chaos in October, when Brazil's 

Continued from Page 1 

many students linger ar universities well 
past the age of 30. 

As governments have tried to rein in 
education costs, the proliferating num- 
ber of students has depressed academic 
standards and caused such severe dis- 
parities that in some places students out- 
number professors by 600 to one. 

Federal and slate governments, which 
share the costs, say the only alternative is 
to stan charging students. 

The specter of having to pay For their 
education was cited by many students, 
among the tens of thousands who closed 
their books to stage protest strikes in 
Frankfurt, Berlin and Bonn this week, as 
the main reason for launching street 
demonstrations nor seen since the 1968 
leftist revolt against what students de- 
nounced as a decadent materialism. 

These days, with unemployment 
reaching nearly 12 percent of the work 
force, German students are more in- 
terested in landing jobs and joining the 
ranks of bourgeois society, not tearing it 

They insist that higher education 
should remain an entitlement paid for by 
the state, because as students they rep- 
resent its future sources of productivity. 

“Our education is supposed to be the 
basis for a more competitive German 
economy into the next century,” said 
Ansgar Gessner, who is in his first 
semester at Berlin’s Free University and 
who joined a protest march Wednesday. 

“we realize there must be a need to 
save money and become more effi- 
cient,'’ he continued. “But we can't 

manage to secure the future of ourselves 
and our country without the investment 
from government and industry.” 

Fabian Wagner, a 21-year-old engi- 
neering student, said: “It's miserable 
and gening worse' every year. Books are 
loo old and we don’t have enough com- 
puters. Students who want to take exams 
have to wait because no professor is 
available. And then we get blamed for 
being lazy and having low standards.” 

Like many others, Mr. Wagner balked 
at the idea that he or his parents should 
pay for his college education. 

“Education must be available to 
everybody, not only to the children of 
the wealthy,” he said. 

Critics of higher education here say 
the system-places a burden on those who 
do not get admitted to the universities, 
since their taxes help subsidize the stud- 
ies of those who do gain entry. 

“The German system is absurd,” says 
Steven Muller, an authority on German 
education at the Johns Hopkins School 
of Advanced International Studies. 

“There arc too many students getting 
poor instruction with no rational means 
ofsupport,”hesaid. “They are unhappy 
because they get assigned to universities 
not of their own choosing. There is no 
alumni network to raise money so the 
states get stuck with the bill. 

“It’s a formula for paralysis.” 

The worsening plight is driving the 
country's brightest to study overseas, 
including Chancellor Kohl's own sons, 
who emigrated to Harvard and MIT. 

Some administrators say that unless 
reforms are initiated soon, Germany will 
suffer a serious brain drain. 

can end the slowdown quickly and put 
Brazil back on track by early next year. 

“Whoever is making a pessimistic bet 
cm Brazil is going to lose,” he said this 

Before the tough austerity measures 
were announced, M. Cardoso was con- 
sidered the obvious winner in next year’s 

Central Bank doubled yearly interest 
rates, to 40 percent from 20 percent, to 
head off an attack on its currency by 
speculators. Even though the Central 
Bank began easing those rates this week, 
they are expected to remain relatively 
high for at least the next several months. 

The high rates and Mr. Cardoso's 

Carrfi for refreshing all our memories The letter, be said, should be required 
about exactly how pompous an ass he reading for all British high school stu- 
can be," the letter began. He said be had dents as an example of “cqltural in- 
examined the “lofty formulation” put tolerance masquerading hs frfee 
forward by M. le Carr£ and concluded speech.” j 

■ M. Rushdie responded: '‘John de . 

" Carte appears to believe I would prefer Ml, 
J j. 9 rwt I /*i him not to go on abusing me. Let meJ' 

lent S ±OUgtt \JUre assure him that I am of precisely the 

° contrary opinion. Every time he opens 

austerity plan are expected to slow eco- his mouth, he digs himself into a deeper 
nornic growth from 4 percent to less than hole. Keep digging, John, keep digging. 

2 percent this year. Me, I’m going back to work.'' 1 ; 

Under M. Cardoso’s plan, unem- Some historical footnotes have 
ployment is expected to rise markedly emerged that may account for the high 
because of corporate downsizing, pri- levels of vitriol ' 

vatization and elimination of 200,000 In October 1989, Mr. Rushdie was 
jobs in the public sector, pushing the rate asked by The Independent on S unday io 
over the next few months to at least 8 critique Mr. le Carry's “The Russia 
percent, from 6 percent, analysts said. House.” 

The plan is also aimed at easing From his hideaway, M. Rushdie sent 
Brazil's dangerously high trade deficit in a review that mocked M. Ie Carry’s 
by slowing consumption of foreign pretension to be considered more than a 
goods. It may also have the effect of successful popular writer, concluding, A 
forcing Brazilian companies to be more “Close, but — this time anyway — no f : l 
aggressive in pursuing foreign markets cigar.” ! 

as domestic demand drops. In his Nov. 15 article. M. le Cadte 

Analysts point out that while Brazil said he was warned by friends of the 
faces serious challenges, many of the futility of responding to The New York 
most severe symptoms of economic col- Times book review that appeared 0$t 
lapse that appeared in Asia have not 20, 1996, that he contended “smeared” 
surfaced here. In Thailand, for example, him as an anti-Semite. *T realized that- 
banking industry loans to the private we were dealing not with off-beat a£- 

Under Mr. Cardoso’s plan, unem- 
ployment is expected to rise markedly 
because of corporate downsizing, pri- 
vatization and elimination of 200,000 

over the next few months to at least 8 
percent, from 6 percent, analysts said. 

The plan is also aimed at easing 
Brazil's dangerously high trade deficit 
by slowing consumption of foreign 

Analysts point out that while Brazil 
faces serious challenges, many of the 
most severe symptoms of economic col- 
lapse that appeared in Asia have not 
surfaced here. In Thailand, for example, 
banking industry loans to the private 

sector soared to more than 100 percent of cusations of anti-Semitism so much as 
gross domestic product, whereas in the whole oppressive weight of political 
Brazil banks are leveraged at only 33 correctness, a kind of McCarthyite 
percent of GDP — making a repeat of movement in reverse.” • i 

the banking failures in Asia unlikely 
here, analysts said. 

AIDS: UN Says New HIV Cases Almost Double Previous Estimates 

Continued from Page 1 

alarming rate. In addition, it does appear lie health experts said, 
thar previous calculations grossly un- M. Jones said the new data accen- 
derestimated the rate of transmission of mated the contrast Between countries at 
HIV, particularly in sub-Saharan Africa, different stages of development, 
where the bulk of infections are con- “More than 90 percent of new in- 
centrated.” fections occur in developing countries,” 

In a telephone interview from he said. “The industrialized world is 
Geneva, Mr. Jones continued' “The experiencing decreases in new infec- 

inadequate statistics and have denied the Worldwide, the United Nations esti- 
seriousness of the AIDS epidemic, pub- mates that 1 1.7 million people of all ages 

have died from AIDS since the beginning 
of tbe epidemic in the late 1970s and early 
’80s. This year's deaths account for one- 

He said that he wished he had ignored 
the advice and written toTbe Times. But 
in fact, he did. The Times published his 
letter complaining that he had bda 
"tarred with the anti-Semitic brush” On 
Nov. 3, 1996, along with a response 
from the reviewer, Norman Rush, deny- 
ing the contention. ■ 

Mr. le Carre and Mr. Rushdie now 
appear to have vacated the ring bjit 
others have leaped in. 

William Shawcross, an author and 

fifth of all deaths ascribed to AIDS since journalise who is a declared friend of 
the stan of tbe epidemic. . both men, said he felt M. Rushdie’s 

The United Nations estimated that 9.7 claims were “outrageous” and carried 
million people in sub-Saharan Africa had the “stink of triumphalist self-right- 

older estimates were based on data that 
came from a small number of countries. 
It was assumed that one could extra- 

tions and AIDS cases generally. Pre- 
vention has worked among certain target 
groups like homosexuals, and new drugs 

died of AIDS since the beginning of the eousness." ; 

roidemic, with a total of 740,000 deaths in Asked ifthere were any more to corrie. 

South Asia and Southeast Asia, 420,000 Alan Rusbridger, the editor of The 
in North America, 110,000 in Caribbean Guardian, said Wednesday that he had 

: j-rniwt t « ■- - I -.1 I w. "jl. .. ■ 

polate similar rates of transmission for are coming on stream. But the picture for countries, 470,000 in Latin America and asked Mr. Rushdie if he cared to respond 
all countries in a particular region, as- the rest of the world is very different.” 190,000 in Western Europe. to Mr. Shawcross and that the writer's 

suming that regional factors would be New tables prepared by the World Peter Plot of Belgium* executive di- answer was, “If leCaird wants to get lus 
pretty much the same. It turns out that Health Organization show that of the 5.8 rector of the UN Program on HIV/AIDS, friends to do a tittle proxy whingufe 
that assumption was wrong.” million people newly infected with tbe said, “AIDS is increasingly a threat- to that’s his business. I’ve said what I have 

For the new estimates, he said, “we AIDS virus this year, 4 million are in the global market economy.” The dis- to say.” * 

replaced regional models with separate sub-Saharan Africa, 1.3 million are in ease, he said, has already slowed Kenya’s An additional comment, notable for 
models constructed for each country.” South Asia and Southeast Asia, and economic growth, audit is likely to affect its equitable abusiveness, was contrib- 

For the new estimates, he said, “we 
replaced regional models with separate 
models constructed for each country.” 

The United Nations estimates that 
1,600 children under 15 are infected 
wife HIV each day, up from last year’s 
estimate of l,0u0 children a day. 

Moreover, it says, 1 ,200 children die of North America (44,000). 

sub-Saharan Africa, 1.3 million are in ease, he said, has already slowed K« 
South Asia and Southeast Asia, and economic growth, aud it is likely to 
30,000 are in Western Europe. other countries’ output too. 

Hie estimated number or new infec- The United Nations said China, India 
tions in Caribbean countries (47,000 this and Thailand, for instance, were “ 
year) slightly exceeds fee number in to replicate the experience of sub- 

its equitable abusiveness, was contrib- 
uted by a past master of artful slanddr, 
Richard Ingrams, the former 

AIDS each day, up from fee earlier es- 
timate of 1,000. 

Many developing countries have 

The United Nations said China, India Richard Ingrams, the former editor of 
and Thailand, for instance, were ‘ ‘likely feesatirical weekly Private Eye. He said: - 

to replicate fee experience of sub-Saha- “As I have a low opinion of both ofthefn % 
ran Africa in a few years' time.” New and can't bear to read either of their ,4 

crude systems of tracking disease, keep people 15 to 24, fee WHO said. 

roorm America (44,uuu2- ran Ainca in a lew years ume. ana can t Dear to read either of their & 

About 10 percent of all tbe new in- outbreaks of HIV infection have erupted works, I must say I think they are both as ^ 

fections are in children under IS, and in Eastern Europe, nations of the forma- bad as each other. Perhaps fee solutionis 

more than half of fee remainder are in Soviet Union, India, Vietnam, Cambod- tiny should both sit down and write a 
people 15 to 24, fee WHO said. - ia, China and elsewhere. book together.” 







Burma and Cambodia 

ribune Preparing Ourselves to Combat Terror Weapons * 

Dictatorships with image pro blems 
— “ and what other kind is there these 
days? — generally have two choices. 
They can permit genuine reform and 
risk losing their grip on power, or they 
can make cosmetic changes hope 
to get credit for them overseas. All 
things being eqaal, tyrants tend to find 

■ the second alternative more appealing. 
Only internal and international pres- 
sure can force diem toward the first 

Take Burma, where as unsavory a 
regime as you can find holds sway. 
Until last week its military junta was 

■ known by die appropriately repellent 
acronym SLORC, for State Law and 
Order Restoration Council. Now the 21- 
member SLORC has been rcplaoed by a 
19-member State Peace and Develop- 
ment Council. No doubt the Burmese 
generals paid some image-shop hand- 
somely for this b rilliant move. 

But while some SLORC generals 
have been replaced, the same four 
hard-liners- remain atop the govern- 
ment, and there is no apparent change 
. in policy. Daw Aung San Suu Kyi, the 
Nobel Peace laureate and (according to 
a nullified 1990 election) rightful lead- 
er' of Burma, remains under virtual 
house arrest, and many of her sup- 
porters are still in jail. 

The Burmese generals are seeking 
to spruce up their reputation because 

international sanctions against them 
are beginning to bite. Hie economy in 
this nation of 45 million people is 
deteriorating. Now potential investors 
should maintain die pressure until the 
junta changes in more than name 
only. An appropriate first step wonld 
be to begin a dialogue with Daw Aung 
San Sou Kyi. 

The Cambodian dictator Hun Sen, 
who took over in a coup last July, 
offers a second case. Hun Sen has 
promised to hold elections next May. 
The question is whether he will hold a 
sham poll or truly allow people to 
express their wilL 

Again, international pressure is key; 
Cambodia depends on outsiders for 
half of its budget The United States, 
Japan, Cambodia's neighbors in the 
Association of South East Asian Na- 
tions and others ate pushing for the safe 
return pf opposition politicians, for a 
truly independent election commission 
and for other measures that could en- 
sure a free and fair election. Their 
pressure seems to be moving Hun Sen 
and his regime slowly in the right di- 
rection, but nothing is sure yet 

American and Asian leaders should 
make clear to die dictators of both 
Burma and Cambodia that reform is 
not a matter of spin control. 


Contacts With Cuba 

Joige Mas Canosa was perhaps the 
single ethnic political leader in the 
United States whose death may bring a 
crack in the policy dial he and his 
constituency upheld. Founder and 
chairman of the C uban- American Na- 
tional Foundation, Mr. Mas built a 
lobby that kept successive presidents 
and Congresses attentive to his hard 
anti-Castro line. His death on Sunday 
at age 58 is boand do open up the IS- • 
million-member Cuban American 
community to a debate reflecting its 
actual political diversity, not simply 
one man's virtuoso leadership. 

Mr. Mas was known as a rough 
fighter in respect both to Cuba and to 
dissenting Cuban- Americans. In the 
early years after Fidel Castro took 
power in Havana, he favored aimed 
struggle, taking part in the disastrous 
Bay of Pigs operation. He could play a 
brand of hardball politics that put (ex- 
aggerating) critics in mind or die au- 
thoritarian leadership in his homeland. 
His real achievement, however, was 
fairly to master die openings provided 
by his new country, die United States. 
He got very rich and, turning to pol- 
itics, he constructed a powerful lobby. 

It served a politics that fit well the 
Cold War circumstances in which the 
Soviet Union sneaked nuclear missiles 

into a satellite Cuba and Fidel Castro 
sought to spark Communist revolution 
abroad. But as foe Soviet Union, dis- 
solving, left Cuba to its own feeble 
resources, the Mas policy became in- 
creasingly problematic. Hoping for a 
quick Castro collapse, Mr. Mas urged 
that more economic and diplomatic 
pressure be applied, no matter that the 
brunt of it was borne by the unconsulted 

spondeclhy > enlisting hktoncCnhan re- 
sentmeut of American intervention and 
by recruiting international sympathy for 
standing up to the American bully. 

About one big thing, Mr. Mas was 
right from the start Fidel Castro rates 
as an authentic tyrant. But about an- 
other big thing , he became wrong. Iso- 
lation and pressure have had a 40-year 
run and have had their uses; but cir- 
cumstances have changed, and what is 
required now is different — some care- 
fully chosen stqps toward engagement, 
commerce and contact 

It need not all be done in one un- 
reciprocated swoop, but it can be done 
in a way that reaches out directly to the 
Cuban people. This is the plain mes- 
sage of foe large part of the Cuban- 
American constituency that did not find 
a political home in Mr. Mas’s lobby. 


Israel Needs Tolerance 

The government of Israel is vexed 
by a dispute with American Jews. The 
conflict springs from a challenge by 
Reform and Conservative Jews to foe 
Orthodox rabbinate’s monopoly over 
conversions and other rites in Israel. 

The rancor recently prompted Prime 
Minis ter Benjamin Netanyahu to as- 
sure American Jewish leaders that “no 
power on earth can rob any Jew of his 
or her identity.” He has appointed a 
cabinet committee to negotiate a res- 
olution. Success will require flexibility 
by all sides and perhaps some rethink- 
ing of the role of the slate in Israel in 
determining Jewish identity. 

In the last 10 years, an influx of 
700,000 immigrants from Russia and 
other parts of the old Soviet Union has 
changed foe Jewish population of Is- 
rael. An estimated 150.000 immigrants 
are children of mixed marriages, non- 
Jewish spouses or in some other cat- 
egory not recognized as Jewish under 
Orthodox law. They could convert, but 
since foe conversion process is con- 
trolled by Orthodox rabbis, converts 
have had to pledge strict adherence to 
Orthodox tenets. Since most Israelis 
are not strictly observant themselves, 
immigrants are unhappy at being held 
to a more rigorous standard. 

Because Israel does not officially re- 
cognize non-Orthodox conversions, im- 
migrants who convert under Reform or 
Conservative auspices cannot be reg- 
istered as Jews on their government 
identity cards. They forfeit certain rights 
to own property or Co be buried in a 
Jewish cemetery in Israel. Non-Ortho- 
dox Jews who do not want to be married 

by an Orthodox rabbi must travel to 

Cyprus or elsewhere to gel married. 
These Jews have gone to court to es- 
tablish their rights over conversions. 

The Orthodox establishment is using 
its muscle in die Netanyahu cabinet to 
win support for legislation invalidating 
Reform and Conservative conversions. 
But Mr. Netanyahu knows that if foe 
bill goes through, millions of American 
Jews will feel rejected. Charitable giv- 
ing to Israel by American Jews has 
already tapered off. Israel fears that 
support far American government as- 
sistance. including military aid, could 
be undermined as well 

Finance Minister Yaakov Neeman. 
an Orthodox Jew, has been asked by 
Mr. Netanyahu to negotiate a solution. 
Lately he has talked of pressing for a 
histone accord on a uniform conversion 
process. Mr. Neeman might also pro- 
ductively focus on defining the proper 
role of the state. The objective should 
be based on foe principle of inclusion, 
in keeping with Israel's founding spirit 
as a homeland for all Jews, observant 
and oonobservant alike. 

A shaky truce is now bolding in 
the battle as Mr. Neeman looks for a 
compromise. The Reform and Con- 
servative Jews have suspended their 
lawsuit, and the Orthodox establish- 
ment has suspended its push for a law 
cementing its monopoly. 

A resolution could lay foe ground- 
work for further agreements on mar- 
riage ceremonies and other issues. Is- 
rael's uniqae role as a Jewish stare and 
an inspiration to Jews and non-Jews 
everywhere can only be enhanced by a 
spirit of tolerance. 






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SAS. an capital del 200.000 F.RCSNarnemB7S202 1 126. Comnisskm Pamairr No. 61337 
g /997 Joenwaow/ Herald Tribune. AH tigbo tesemd. ISSN ; 0294-®S2. 

W ASHINGTON — Saddam Hus- 
sein’s latest gambit to conceal his 
chemical and biological weapons pro- 
grams by expelling the United Nation 
inspectors highlights foe grave threat 
that these weapons of mass destruction 
pose to the international community. 

This threat of nuclear, biological and 
chemical weapons is not limited to Iraq 
— and die front line could just as easily 
be Washington or New York as in the 
Middle East or foe Korean Peninsula. 

As foe new millennium approaches, 
we face the very real and increasing 
prospect that regional aggressors, 
third-rate armies, terrorist groups and 
even religious cults will seek to wield 
disproportionate power by acquiring 
and using these weapons that can pro- 
duce mass casualties. These are neither 
far-fetched nor far-off threats. 

Iraq’s extensive use of chemical 
weapons against Iran and its own 
people should have seared into our 
consciousness the image of a mother 
with a child in her arms, their bodies 
blistered from Saddam’s mustard gas, 
sprawled in the streets qf an Iraqi city. 

And our psyches should have been 
scarred by me images of an ordinaxy- 

By William S. Cohen 

The writer is the US. secretary of defense. 

looking van moving along foe quiet 
streets of Matsumoto, Japan, silently 
pumping out oerve gas, and of terrified 
commuters pouring out of a Tokyo 
subway station to escape nerve gas 
bombs — both the handicraft of an 
apocalyptic religious cult 

There is ample evidence of the im- 
mediacy and extent of the threat 

Alarmingly, some, potential ad- 
versaries believe that using these 
weapons against U.S. troops in the field 
or American people at home provides 
their only real means of taking on 
America, given our military superi- 
ority. We should expect more countries 
and terrorist groups to seek and to use 
such weapons. 

Countering the proliferation threat 
will be a top security challenge of the 
21 st century. The sooner weemifront it, 
the more effective our efforts will be. 

There is no single defense Agains t 
this threat. Instead we must treat it as if 
it were a chronic disease, being con- 
stantly alert to the early symptoms and 

ready to employ, rapidly, a combin- 
ation of treatments. 

President Bill Clinton has directed 
the Pentagon to intensify efforts to pre- 
vent the proliferation of these deadly 
weapons, to deter such attacks against 
the United States and its allies, and to 
prepare our forces to fight and win in' 
the face of chemical or biological at- 
tack.- We cannot allow v ulner ability to 
chemical and biological weapons at- 
tacks to become our Achilles’ heeL 

We have begun to treat the threat of 
chemical and biological weapons use as 
a likely and early condition of future 
warfare. As a result, countaprolifera- 
tion has become an organizing principle 
in every facet of military activity. 

I have directed funding for chemical 
and biological defense capabilities to be 
increased by $1 billion over foe next five 
years. We are adapting military doctrine, 
war pla uA and training to ensure our 
forces can fight and defeat any ad- 
versary, even if it uses such weapons. 

Most ominous among these threats is 

the movement of die front line of the 
chemical and biological , battlefield 
from foreign soil to the American 
homeland, which compels us to in- 
crease our domestic preparedness. 

We are enhancing significantly foe 
role of foe National Guard, which has 
extensive experience in emergency re- 
sponse and established relations with 
local emergency response officials. 

Working closdy with other federal 
agencies and state and local officials, _we 
have launched a program to traip police, 
firefighters, emergency medical tech- 
nicians and other “first responders” in 
more titan 120 American cities to in- 
crease preparedness of those who would 
be the firs ton the scene of a biological or 
chemical terrorist incident. 

In a shrinking world of advancing 
te chno logy and increasingly porous 
borders, foe ability to unleash mass 
destruction and death is spreading. 

The immediate crisis in Iraq is yet to 
be resolved. But when it is, through 
whatever means, it will be but the end 
of foe be ginning of a long-term global 
battle in which we can afford neither to 
retreat nor to relax$ > 

The Washington Post. 

In the Iraq Affair, Washington Caved In to the Allies 

Clinton about to Chris- 
topherize Madeleine Albright? 
That question should be in the 
mindof the secretary of state in 
the aftermath of foe first serious 
international test for President 
Clinton's second national se- 
curity team — a crisis that this 
team managed as if in a fog. 

Mr. Clinton and aides fol- 
lowed instead of leading in 
Phase One of this face-off with 
Saddam Hussein. They did not 
strike a deal with Iraq, because 
they did not have to. On their 
own, they softened foe muscu- 
lar stance enunciated in March 
by Mbs. Albright, disregarding 
the words and tone of this ad- 
ministration’s only “major 
policy address” on Iraq. 

The net result of Phase One is 
that the president and his ad- 
visers have pleased the Amer- 
ican public by not going to war, 
while reviving doubts abroad 
about foe resolve and skill of 
U.S. diplomacy under President 
Clinton, who has never hidden 
his unease and boredom with 
the basics of foreign policy. 

By Jim Hoagland 

Here are some dungs that foe 
administration is not disclosing 
in its briefings and informal 
spin sessions. 

To keep France from putting 
its full weight behind the Rus- 
sians and the Iraqis, Mr. Clinto n 
and aides stopped repeating 
earlier statements that sanctions 
wonld stay as long as Saddam 
Hussein was in power . They also 
raised the threshold for any new 
U.S. effort to overthrow Saddam 
to the point of ruling it out They 
made that decision known in 
background press briefings *nd 
in diplomatic channels. 

Britain, which urged George 
Bush not to go wobbly against 
Iraq in 1 990, this time urged Bill 
Clinton to adopt foe softer ap- 
proach on sanctions and covert 
action to give Saddam Hussein 
room to retreat. Britain's diplo- 
macy was aimed at keeping the 
Russians from wooing France 
and Arab states completely out 
of the coalition on Iraq, a danger 
London felt to be reaL 

Early in the crisis, Mr. Clin- 

ton agreed to postpone a sched- 
uled U-2 reconnaissance flight 
over Iraq at the request of 
Richard Butler, head or the UN 
weapons inspection team, who 
feared for the safety of inspect- 
ors if the flight went ahead Mr. 
Butler then pulled most of the 
UN team out, while Washing- 
ton downplayed his rod mo- 
tives for foe pullout and hid the 
flight postponement 
These actions are not illogical 
or craven. International support 
for the U.S. policy of contain- 
ment and for sanctions has been 
eroding for months, and Mr. 
Clinton’s distrust of covert ac- 
tion made success on that front 
unlikely in any event 

But cumulatively these con- 
cessions point to the bankruptcy 
of U.S. policy on Iraq six years 
after the Gulf War. 

Underpressure from U.S. al- 
lies, Mr. Clinton no longer seeks 
an alternative to Saddam Hus- 
sein. He is willing to live with a 
dictator portrayed by two Amer- 
ican presidents as a mass mur- 

derer days away from creating 
an arsenal of weapons of mass 
destruction. On Iraq today, 
America does not tally the al- 
lies, but rallies behind them. 

As it plays out this Iraqi 
crisis could be particularly 
damaging to the credibility of 
Mrs. Albright 

In her March 26 speech on 
“preserving principle” in Iraq, 
she pugnaciously refused .to 
consider lifting sanctions until 
there was a ‘ “successor regime” 
in Baghdad, and threatened that 
Iraqi misbehavior would lead to 
a suspension of foe limited food- 
for-oil sales that foe United Na- 
tions now allows Iraq. 

But a key point in foe four- 
point understanding that Wash- 
ington reached with London 
was to expand the food-for-oil 
sales if Saddam would resci nd 
his misbehavior over the UN 
inspectors. An Albright spokes- 
man described this and other 
potential concessions to report- 
ers as “small cairots” for the 
Iraqi dictator. 

The spokesman misspoke. 
One purpose of making con- 

cessions to London was to al- 
low Mr. Clinton to credibly 
deny making any concessions- 
to Moscow or Baghdad. 

This blunder came as the: 
presided nwife an unscripted re- 
mark about Saddam Hussein,- 
promising foar sanctions would 
stay on Iraq “until the end of 
time or as long as he lasts.” With- 
the coalition about to crack, Mr. 
Clinton and his' advisers imme- 
diately retracted their “carrots” 
and “end of time” character- 
izations, appearing confused 
and weak-wiued. 

This is more than messy di- 
plomacy. It is reminiscent of foe 
way Mr. Clinton encouraged 
Warren Christopher to take a 1 
tough line on the Bosnian crisis 
in public and in private early in 
1 993, only to refuse to adopt that 
policy when decision time came 
later that year. Mr. Christopher’s 
credibility never recovered. 

Mrs. Albright may not. be 
asking herself if her turn has 
come, but she should know that 
elsewhere in the world othei 
senior officials are. 

The WashinglomPast. » 

American Foreign Policy Stumbles in the Middle East 

P ARIS — American foreign 
policy has been dealt a se- 
rious blow in foe Middle East. 
There were specific regional 
causes for this, but the failure 
reveals a deterioration in foe 
larger U.S. international posi- 
tion that deserves examination. 

In foe confrontation with Iraq 
over arms inspections, Wash- 
ington could not reconstruct the 
coalition of Arab states and 
European allies that opposed 
Saddam Hussein in foe Gulf 
War. This failure invited a dra- 
matic return to the diplomatic 
scene by Russia. It allowed the 
Iraqi president to manipulate 
Washington and the United Na- 
tions and. so far, escape from 
the adventure unscathed. 

The end of the Cold War in 
1989-1990 was taken as open- 
ing foe way to lasting and con- 
structive cooperation among 
Russia. Europe. Japan and the 
United States to run foe inter- 

By William Pfaff 

national system. It then seemed 
reasonable to think that if 
Europe and the United Stales, 
with Japan’s cooperation, 
worked closely with the new 
Russia, still a nuclear power and 
a diplomatic player of some 
consequence, the international 
system would find greater sta- 
bility with less risk than at any 
time since World War IL 

When Iraq invaded Kuwait, 
this idea seemed validated. The 
United States led foe politico- 
military response. Europe 
backed the United States, the 
conservative Arab states joined 
the coalition, and Russia co- 
operated while attempting a 
reasonable and desirable, if un- 
successful, mediation. 

The war ended with the 
United States in the most in- 
fluential Middle Eastern pos- 
ition it has ever enjoyed. Its 

commitment to Israel was bal- 
anced by foe conservative 
Arabs’ trust in Washington to 
support them in their struggle 
with extremists and with their 
problems of development. They 
believed that foe United States 
would guarantee that the Israel- 
PLO peace negotiations ended 
happily far both sides. 

Iran and Iraq remained out- 
siders by their own choice. But 
negotiations were begun to find 
a Syrian-Israeli settlement over 
the Golan Heights, reconcile 
Syria with foe West and solve 
the Lebanon problem. 

The United States has lost 
this extraordinarily influential 
position. Islamic terrorism and 
foe consequent rise of extremist 
views in Israel are partly re- 

B 'ble, foe latter leading to 
n of foe Netanyahu gov- 
ernment and termination of foe 

Prevention to Combat AIDS 

cannot ignore AIDS 
anywhere, but nowhere has it 
struck with more devastating 
effect than in foe developing 
countries, where 90 percent of 
all HIV infections occur. 

AIDS is reversing hard- 
won gains in improving foe 
quality of life. It is exacer- 
bating poverty. 

The World Bank's mission 
is to promote economic de- 
velopment and alleviate pov- 
erty. It has been fighting AIDS 
in developing countries since 
1986. As of foe aid of 1996, 
the bank had committed $632 
million to 61 HIV/AIDS pro- 
jects in 41 countries. We are 
eager to do more. 

We cannot confront AIDS 
without first acknowledging 
foal it threatens every com- 
munity in every country. 

We can still prevent a wide- 
spread epidemic among the 
23 billion people living m de- 
veloping countries where HIV 
is still relatively uncommon 
even among people with the 
riskiest behavior. 

Another 1.6 billion people 
live in developing countries in 
which AIDS is still, for foe 
most pan, confined to sex 
workers, intravenous drug 
users and others with risky 
behavior. Steps can still be 
taken to prevent AIDS from 
spreading to die general pop- 
ulation in these countries. 

Poor people and countries 
face many pressing problems. 

By Joseph Stiglitz 

and government resources are 
scarce. In a typical country, it 
costs as much to treat an AIDS 
patient for a year as it does to 
educate 10 primary school stu- 
dents for a year. Balancing 
these worthwhile objectives is 
difficult but essential. 

Confronting AIDS draws 
on a substantial body of re- 
search showing that preven- 
tion efforts can make a dif- 
ference, especially if they 
focus on changing behavior. 

A successful prevention 
program in Nairobi illustrates 
this poinL By providing free 
condoms and treatment for 
other sexually transmitted dis- 
ease for 500 sex workers, foe 
programprevented an estimat- 
ed 10,000 infections per year 
among clients, their wives and 
their other partners. 

HIV can spread extremely 
rapidly among injecting drug 
users who share dirty needles. 
Nikolayev, Ukraine, is an ex- 
ample. In January 199S, less 
than 5 percent of injecting 
drag users were infected with 
HIV. Before the year was out, 
nearly 60 percent tested pos- 
itive for the virus. 

The epidemic in Nikolayev 
is unlikely to remain concen- 
trated among injecting drug 
users. As in other parts of the 
world, HIV will cascade out, 
infecting spooses, other part- 
nos and children. 

Other cities have shown 
bow Nikolayev could have 
prevented this tragedy. Stud- 
ies find that the difficulty in 
obtaining clean needles is foe 
main reason why injecting 
drug users share them. De- 
criminalizing possession of 
needles, making them avail- 
able over foe counter in phar- 

macies, organizing needle ex- 
changes or providing drug 
users with bleach to sterilize 
their needles can have an enor- 
mous impact 

A program in Katmandu, 
Nepal, has kept infection 
levels to less than 2 percent 

S ' ejecting drug usersby 
g education, con- 
each, needle exchange 
and primary health care. 

Substantial evidence finds 
that although these programs 
do reduce foe risky behavior 
that spreads HIV, they do not 
encourage more people to be- 
gin using drags. 

Many of these programs are 
politically controversial, but 
they save lives. We must face 
these controversies squarely, 
exposing them to the light of 
research and experience. If we 
allow moral posturing to 
crowd ont foe weight of ev- 
idence, we will fail to prevent 
the further spread of AIDS. 

The writer is senior vice 
president and chief economist 
at the World Bank. He con- 
tributed this comment to the 
International Herald Tribune. 

peace process. But Washington 
itself, or foe American political 
class, bears the responsibility 
for sacrificing ■ America’s in- 
terest in Mideast balance to Mr. 
Netanyahu's ambitions. 

The American relationship 
with Russia has similarly been 
damaged by a combination of 
domestic politicking and offi- 
cial complaisance. 

Grigori Yavlinsky, foe Rus- 
sian economic reformer, said 
recently in Stockholm that the 
United States was provoking 
fear in Russia by treating it as a 
potential enemy. He was talk- 
ing about NATO expansion, “a 
tank approaching Russia's fron- 
tier,’ ’ as be put it. He said: **’ We 
are assured that it is a peaceful 
tank. But it is still a tank.’* 

He added that in last year’s 
presidential election, Washing- 
ton loudly supported Boras 
Yeltsin, urging me Russian peo- 
ple to vote for him. “So people 
voted for Yeltsin. Then the 
United Stales announced that 
NATO would expand. What was 
that supposed to say to us?” 

The American official atti- 
tude toward Russia on this 
NATO question has combined 
superficial reassurances (It's 
only a peace tank) with a certain 
brutality: NATO will expand 
whether Russians like it or not, 
there is nothing they can do 
about it, and we would not Hire 
to see them tty. 

The same brutality marked 
U.S. handling of the European 
allies at foe NATO summit in 
Madrid tins year. NATO wonld 
expand. Poland, Hungary and 

foe Czech Republic would be 
taken in, and no one else. That 
was that, and foe United States 
was not interested in what any- 
one thought about it. Moreover; 
the Europeans would pay. (Os 
so Washington said.) 

This administration arrog- 
ance, also displayed in cowboy 
boots at the Denver economic 
summit in June, together with 
Congress’s new enthusiasm for 
attempting to legislate for the 
world on international trade and 
foe treatment of Cuba and Iran, 
has provoked a considerable 
backlash in Europe. • 

The backlash exists in Asia 
as well, where it now has been 
intensified by the Asian bank' 
Lag crisis and market collapsei 
These are conveniently blamed 
on Wall Street and on Wash-, 
ington’s reckless promotion of 
global deregulation. 

The American tendency is to 
brush all this off as the whining 
of losers, the result of lost 
amour propre in Russia, greed 
and jealousy in France and as- 
sorted resentments elsewhere. 

The usual Stale Department 
comment is that when the 
United States leads, the world 
complains about arrogance, and 
when it doesn't lead, it is ac- 
cused of isolationism. 

Thai answer is plausible if 
U.S. policy is succeeding. It is 
not. The '‘indispensable na- 
tion” is no longer foe central 
actor in a cooperative system to 
keep the peace. In place of co- 
operation there is- tension. 

International Herald Tribune. 

Los Angeles Times Syndicate 


1897: Pacific Cable gram of production and recon- 
struction. The invisible force 
NEW YORK — The French behind the move is Gabriele 
Government has vigorously pro- D’Annunzio, who for years has 
tested against foe United States' sounded foe cry for unity 
granting foe request of a British patriotism in his poems and 
company to land a cable in one of speeches, impressing treroend- 
the Hawaiian islands in order to ousiy the minds of the workers, 
connect Canada and Australia. It 

KMESffiS: 1947: ‘Absolute’ Anns 

tain in possession of a telegraph- NEW YORK— Even if atomic 
ic system reaching round the bombs were banished there are 
entire world, and becalm foe “absolute” weapons in arsenals 
event of war, the British Gov- of several of the great powera 
eminent would control the trans- capable “of exterminating the 
mission of messages to foe det- last vestige of humanTanimal 
nmeni of French interests. and even vegetable life,'* Rear 

Admiral Ellis M. Zacharias. 
1922: Italian Labor United States war-time deputy 
. ■ chief of Naval Intelligence. 

ROME — The Chamber has wrote in the current issue of 
adjourned after voting full “United Nations World." The 
powers for the Government. In- author lists these absolute 
terest now centres on a move- weapons as chemical, biological 
meat for the formation of a and climatological and said it 
strong Labor party uniting was neither prudent nor posable 
Italy’s distraught Labor forces to provide a comprehensive in- 
betund tire Government pro- ventory of such weapons. 

il* \'JSU> 

'* l 

,f 4„ 





A Kllionaire on the Subway, 
AHunxble Philanthropist 

Martinis , Steak, Cigars: America Goes Dionysian 

\r EW1 

1 1 egocr 
like Dor 
thinks ev 
him and & 

I have 
er, who 0 
away a bi 

Jv — I have met 
teal rich guys 
Trump, who 
woman wants 
' politician fears 

[ plain old ma- 
's like Ted Tum- 

By Maureen Dowd 

When we go to Bermuda, 
he makes the board fly 
coach,” Mr. Severn says. 
“And he won’t go to a res- 
taurant there anymore that 
tried to make him wear a 

* <! hi 

macalric^uys like Ted Turn- taurant there anymore that 
er, who f Promise to give tried to make him wear a 
away a b£on bucks as spon- tie.” 
taneousMs he can brag about Mr. Feeney does not act out 

* IIS J 0V * Wllh Fonda, of a sense of noblesse oblige. 

But [fed never met a bil- He acts on this idea that the 
lionatievho is shy and re- great pursuit of more stuff is 
tiring, ivu doesn t own a silly, that quantity is the 
house, i m or a Rolex, who American vice, that people 
likes totafte the subway and need only what they need, 
fly ecoromy . who goes to the Donald Keough, chairman 
supennrker with his wife of the investment banking 
^ and wories about the price of firm Allen & Co., called it 
carrots, who gives away a lot “mind-boggling" that this 
of his noney because, as he self-made billionaire from a 
puts it, “you can only wear working-class New Jersey 
one pairof shoes at a time.” family “will surpass the 
So I Toned over to New Mellons, the Rockefellers, 
York’s 11 Club, vhere Irish the Du Pouts in his charitable 
America Magazine was hon- giving.” 
oring Chafes Feeney, a 66- Like Ted Turner, Mr. 
year-old businessman who Feeney was angry that the 
has given away $*10 million richest Americans give such a 
in anonynous donations ro small percentage of their in- 
universities, mescal centers comes. He was thrilled to be 
and others in ned. dropped from Forbes's list of 

The Americar Benefactor the richest Americans this 
magazine says Mr. Feeney year because he had given so 

nhh - 

fh r 

» i ;* 

“mind-boggling” that this 
self-made billionaire from a 
working-class New Jersey 
family “will surpass the 
Mellons, the Rockefellers, 
the Du Ponts in his charitable 

Like Ted Turner, Mr. 

1 ask him if he's nervous at 
his first public appearance. 

“Well, they promised me 
$20 to make the speech,” he 

His speech is awkward and 
endearing, the halting effort 
of someone not used to the 

He urges the Irish- Amer- 
ican business community to 
give away more money and 
talks about his role encour- 
aging the cease-fires in 
Northern Ireland. He also fi- 
nances Sinn Fein’s Washing- 
ton office. 

He tells about a pop quiz he 
took at Cornell in a course on 
money and banking. “I got 
my paper back with a note 
from the professor. ‘You have 
a flair tot writing, but no 
knowledge ofthe subject mat- 
ter. Consider journalism.’ ’’ 

After his speech, the other 
corporate chieftains climb in- 
to waiting black liraos. Mr. 

Feeney was angry that the Feeney, in an old gray rain- 
richest Americans give such a coat and Irish tweed cap. 

may soon become fee greatest 
American giver d all time. 
He is ahead of Tpd Turner, 
says Randy Jonei, The Be- 
nefactor’s chainnui, because 
Mr. Feeney hasigven “hard, 
cold cash, the check has 
cleared, the wi k is being 
done.” By the tandards of 
Charles Feeney Bill Gates 
isn’t even on the charts. 

Michael Sov<p, president 
emeritus of Caumbia Uni- 
versity. who is the board of 
one of Mr. Frney’s chari- 
table foundati ns based in 
Bermuda, comares him to 
Sl Francis. 

comes. He was thrilled to be 
dropped from Forbes’s list of 
the richest Americans this 
year because be had given so 
much money away. 

But unlike the Mouth from 
the South, this “raggedy- 
trousered philanthropist,” as 
one friend calls him, would 
□ever scream that Bill Gates : 
and Warren Buffett were “oT 
skinflints. ” He was reluctant- 
ly dragged into the spotlight 
in January, after the sale of the I 
duty-free shops he helped I 
found was about to make the . 
information public. 

You would never pick him 
out in a room. He is a small 
man with a nondescript blue 
suit, a clipped Jersey accent 
and amused blue eyes. 

tramps off on foot. 

The New York Times 

N EW YORK — Get ready for the 
big one today. 

By tradition, Americans throw 
their diets right out the window on 
Thanksgiving Day, the starting line 
in a marathon of overeating that ex- 
tends through the New Year. 

By the time festive diners have 
worked their way through holiday 
dinners, office parties, celebratory 
lunches, spontaneous after-work 
cocktail fests and the obligatory 
year-end blowout, the citizens of the 
land of the free and the home of the 
brave have put on enough weight to 
tilt the Earth. This year, the binge 
could set records. 

After more than a decade defined 
by health consciousness, nutritional 
enlighrenment and self-denial, the 
United States seems to be entering a 
new phase in its often tortured re- 
lationship with food. Many more 
Americans are just saying “yes” to 
brontosaurus-sxze steaks and high- 
fat ice cream, the big-finned Ca- 
dillacs of American cuisine. 

They jump into the deep end of 
crystal -clear martinis and, emerging 
refreshed, put their collective feet up 
and ignite large cigars. 

Perhaps most shocking of all, they 

By William Grimes 

are not suffering the pangs of guilt. 

Peek in any evening at the goings- 
on in Cburrascaria Plataforma, a 
Brazilian meat palace in New York's 
theater district. Waiters wheel slabs 
of beef from table to table, slicing as 


they go. They race between diners 
brandishing skewers stacked with 
sausages and roast turkey chunks. 

At table after table, large parties of 
men wear the determined expres- 
sions of athletes waiting for the start- 
ing gun to go off. Many of them, 
young and fit-looking, resolved to 
make a good showing, shed their 
jackets and throw their ties over their 

”1 think the Dionysian element is 
taking hold in my life,” said Robert 
Sawyer, a free-lance creative director 
in die advertising business. Mr. Saw- 
yer, 43, a former athlete, used to ride 
his Italian racing bike in Central Park 
three or four times a week. The bike 
has not been out in a Jong while. 

The treadmill is losing its allure. 

Self-denial does not feel as good as 
it used to. 

“The ‘no pain, no gain’ approach 
of the 1980s and early ’90s is now 
being seriously reviewed by people,” 
said Barbara Caplan, a partner at 
Yankelovich Partners, a Connecticut 
research and consulting company. 

Its most recent research suggests 
that Americans still care about nu- 
trition and health. They believe in 
exercise. But ihey may be growing 
tired of the blood, sweat and tears 

An important cultural moment 
seems to have passed. Its spirit was 
expressed succinctly in the late 
1980s when Michaef Douglas, in the 
movie “Wall Street,” snarled, 
“Lunch is for wimps.” 

Winners and beautiful people did 
not caL A spartan ethic of self-denial, 
reflected in films, health magazines 
and fashion advertising, promoted 
the idea that food was little more than 
fuel for the perfectly tuned body. 

Throughout the era of conspicu- 
ous consumption, the elite set a stan- 
dard of conspicuous culinary denial, 
ostentatiously subsisting on a small 
rectangle of poached fish, steamed 
vegetables and Evian water. 

Is it any wonder that eating dis- 
orders emerged as the .American dis- 
ease par excellence? 

After a while, the food not eaten 
began to look awftilly enticing. 

For the last 17 years, NPD. a food 
research company in Illinois, has 
asked members of 2,000 households 
whether they agree with this state- 
ment: “The most important thing 
about food is that it look good, taste 
good and smell good.” 

From 1985 to 1995, the number of 
“agree’ ’ answers remained stable, at 
30 percent. In 1996 the figure 
jumped to 36 percent. This year it 
went up to 40 percent. 

“People have decided that stress 
reduction is more important than an 
extra inch on your waisi or a flabby 
bicep.” said Michael DeLuca, the 
editor of Restaurant Hospitality, a 
trade magazine. 

At a recent food industry con- 
ference in Manhattan. Barry Krantz. 
the president of Krantz Consulting, 
was asked a simple question: What 
sells at restaurants ? 

“I’ll tell you what sells.” he shot 
back. “Fat. sugar and salt. That’s 

The AV» >«*i Tours 


U.S. and Giba 

Regarding 'Ease Up on 
Cuba" (Edi final, Nov. 20): 

1 would lie to correct an 
image of at Cuba suffering 
from famine and disease that 
can be relief only by Amer- 
ican food ad medicine. 

Certainly there is an over- 
all low slajdard of living in 
Cuba, the esult in large pair 
of (hi U.fiiembargOv; Bui if 
somethings in short supply 
in Cuba! is not because 
America c fuses to provide it 
— the Usted States doesn't 
have a njmopoly on worth- 
while prwisions — but be- 
cause Ctpa has insufficient 
dollars wth which to buy it. 


| Pisa, Italy. 

On N ejanyahu 

Regaling m ‘U.S. Should 
Encour gc a Ukud-Uibor 
Rap pro hcmcra" (Opinion, 
Nov. It by Clinton Bailey: 

Mr. larley proposes that 
the Uni sd States promote the 
establis unent of a national 
unity g vemment in Israel as 
a wayTof gening the peace 
proces. back on track. 

' Thi&would be a fine solu- 

tion but for one thing: Ben- 
jamin Netanyahu would re- 
main prime minister. How 
could he lead a government 
formed for the purpose of pro- 
moting peace when it is not 
at all sure he is willing to go 
that route? 



' ' Regarding "For'aVfbBar 
Peoples Assembly" ( Opinion , 
Nov. 14) by. Andrew Strauss 
and Richard Falk: 

The authors forget that just 
about every country already 
elects representatives to a na- 
tional Parliament and dial 
these representatives have 
their own organization at the 
international level. 

This organization, the Inter- 
parliamentary Union, has re- 
cently concluded a special 
agreement with the United 
Nations and is now increas- 
ingly bringing the voice of the 
people to the UN. 



The writer is secretary - 
general of the Imer-Parlia- 
meniarv Union. 


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Clue to How ‘Mad Cow’ Spreads 

By Sandra B lakes lee 

.Vtn~ >V»rA Tunfs Servux 

N EW YORK — Researchers 
in Brazil and Germany say 
they have found receptors on 
the surface of brain cells that 
may allow infectious agents called pri- 
ons to enter the cells. Prions are thought 
to be renegade proteins that cause a 
variety of diseases known as transmiss- 
ible spongiform encephalopathies, in- 
cluding the so-called "mad cow" dis- 
ease and Creutzfekit-Jakob disease. The 
diseases kill brain cells and form holes 
resembling those found in a sponge. 

The findings suggest that when prions 
latch on to these brain-cell receptors, the 
infectious proteins work their way into 
the interior of the cells and eventually 
destroy them. If die discoveries hold up, 
the researchers said, it may be possible 
to treat or halt prion diseases by blocking 
the action of tne receptors. 

Reports describing the two different 
receptors appear in Nature Medicine. 

. Dr Patrick Bosque, a prion expen and 

neurologist at the University of San Fran- 
cisco School of Medicine, said that (he 
reports were interesting but that the tech- 
niques used to find the receptors had 
problems that could lead to false results. 

"It's not at all clear that their findings 
are relevant," Dr. Bosque said in a tele- 
phone interview, but added that the no- 
tion that receptors were involved in pri- 
on diseases was worth pursuing. 

The B razilian researchers, led by Dr. 
Ricardo Breniani at the Ludwig institute 
for Cancer Research in Sao Paulo, found 
their receptor using a technique called 
complementary hydropathy. TTiey iden- 
tified a protein fragment from a prion 
that appears to be particularly toxic to 
brain cells in culture and reasoned that it 
might play an important role in disease. 
By making an artificial copy of the frag- 
ment, they were able to Find a receptor 
site on normal brain cells that binds the 
prion fragment. 

Brain cells use special proteins called 
cell adhesion molecules that help the 
cells stay in proper alignment for send- 
ing signals throughout the brain. Dr. 

Bren rani said. These newly discovered 
receptors may play a role in this or- 
ganizing process. 

The German group, led by Dr. Ernst 
Winnacker, director of the Gene Center 
at the University of Munich, used a 
technique called a yeast two hybrid 
screen to identify proteins that interact 
with prions. They found one, identified 
as laminin receptor precursor, that is also 
found on brain cell membranes. In an- 
imal studies, they found that the laminin 
receptor increased along with infectious 
prion proteins. 

Researchers stressed that it was im- 
possible to say whether either' of these 
molecules was the critical receptor for 
prion infection. But it makes sense to 
look for them, given that prions would 
need a way to get into brain tissue. 

The prion theory is quite controver- 
sial. and biologists are split on whether 
the proteins can cause disease by them- 
selves. Even so. Dr. Stanley B. Prusiner 
of the University of California won a 
Nobel Prize in October for his discovery 
of these theoretical agents of infection. 



By Curl Hiaaseii. 353 pages. $24. Alfred 
.A. Knopf. 

Reviewed by 

Christopher Lehmann-Haupt 

F LORIDA'S prospect pleases, and 
only man is vile in "Lucky You." 
Carl Hiaasen's seventh and latest trop- 
ical disturbance of a status quo that 
never was very normal to begin with. 
I His other novels include "Skin 
Tight." "Strip Tease” and “Stormy 

Well, most of man is vile, one cheerful 
exception being JoLayne Lucks, an an- 
imal lover and veterinarian's assistant 
Every Saturday for five years JoLayne 
has gone to the local Grab 'N Go min- 
imart in her hometown of Grange and 
bought a Florida state Lotto ticket with 
the numbers 17-19-22-24-27-30. Their 
significance is that * ‘each represented an 
age at which she had jettisoned a bur- 
densome man." 

On Nov. 23. JoLayne, "to her vast 
amusement." learns that her numbers 
match those of the S28 million jackpot. 
This is just one more miracle in a town 
whose business is miracles, others be- 
ing a motor-oil stain on the highway 
that to some resembles the face of Jesus, 
a weeping fiberglass Madonna owned 
and operated by a man named Demen- 
cio. and the stigmata man, Dominick 
Amador, who has drilled holes in his 
hands and is thinking of doing the same 
to his feet. 

Although JoLayne wants her good 
luck to stay secret so that she can quietly 
buy a 44-acre forest full of wild animals 
that is threatened with mall develop- 
ment, she nonetheless attracts attention. 
.Among her visitors is Tom Krome, an- 
other exception to the vileness of man. 
who has been assigned to write a feature 
article on JoLayne for his newspaper, 
possibly to be headlined "Lady Lucks 
Wins the Lotto!" 

JoLayne turns down Tom's request 
lor an interview, which may be just as 
■.veil, since she finds Tom attractive and 
\c happens to have both a wife he is 
rying to divorce and a lover who is 
named to a jealous and vindictive cir- 

cuit-court judge. 

Two more of JoLayne's visitors are 
Bodean (Bode) Gazzerand his sidekick, 
known only as Chub, two vile and vi- 
olent lowlifes who happen to own the 
Lotto ticket entitling them to the other 
half of the $28 mill ion jackpot. Bode and 
Chub are in the throes of forming a well- 
regulated militia ("By you, me. Smith 
and Wesson," says Bode), which was to 
be called the White Rebel Brotherhood 
until they learned that this was also a 
rock group, and is now to be named the 
White Clarion Aryans. 

Bode and Chub believe that 
everything bad that happens to thenv is 
someone else’s fault — preferably 
someone foreign. Communist, black. 
Hispanic or Jewish — and that the per- 
son who undeservedly holds the other 
winning ticket is probably "a Negro. 
Jew or Cuban type." 

“That's how they do it. Chub," Bode 
rants. "You think they Ye gonna let two 
white boys lake the whole jackpot? Not 
these days, no way!" 

So when they discover that JoLayne 
Lucks is black, they pay a call on her. 
beat her up, shoot one of the 46 turtles 
she has rescued from the woods that she 
hopes to buy, and make off with her 
ticket She in turn calls on Tom the 
newspaperman for help. And so begins 
the chase that forms the backbone of this 
intricate, sardonically funny story. 

T HIS time out, Hiaasen develops his 
plot just fast enough to hold the 
reader's attention yet slow enough for 
the author to squirt black bile at targets 
he thinks deserving. For instance, at one 
point he takes a page and a half to detail 
the ecological harm tliat shortsighted 
engineering has wreaked on the Ever- 

His only plot point here is that be- 
cause of "an exceptionally generous 
rainy season," the water running 
through the Keys is fresh and teeming 
with “creatures of serious concern” to 
one of his villains, who happens to be 
id out from sniffing boat glue and 
left one of his hands dangling in this 

Elsewhere he unreels his dark views 
of shopping-mall developers, corrupt 

union officials. Chicago mobsters, para- 
noid militia men and bottom-line news- 
paper publishers. 

Meanwhile, Bode and Chub head 
south, stupidly leaving a trail of charges 
on a credit card they’ve stolen from 
JoLayne along with her Lotto ticket. The 
circuit-court judge learns his wife has 
been cheating on him with Tom and 
sends a law clerk to blow up Tom’s 
house; after the law cleric dies in the 
explosion and is mistaken for Tom. Tom 
when threatened with actual death ima- 
gines the headline, "Reporter Believed 
Dead Found Dead.” 

T OM’S wife, to avoid being served 
with divorce papers, changes her 
name and takes a role in a musical ver- 
sion of "The Silence of the Lambs." 
Tom’s editor follows him to Grange and 
finds religion with the people who run 
the shrine of the weeping Madonna. All 
this may or may not sound funny, but 
thanks to Hiaasen's dialogue it often is. 

And as Tom and JoLayne chase after 
the missing Lotto ticket they edge 
closer to each other. Does he like her for 
the millions of dollars she may recover? 
Does she like him just because he’s 
helping her? Is he helping her because 
he intends to wriie an article for his 
paper? Does it matter that they don’t 
like the same music? Does it matter that 
she’s black? 

"O.K.," says JoLayne. "how many 
black friends do you have? I mean friend 

"I don’t have many close friends of 
any color.' * Tom replies. "I am not what 
you'd call gregarious." 


“There’s a black guy at work — 
Daniel, from editorial. We play tennis 
every now and then. And Jim and Jean- 
nie, they’re lawyers. We get together for 

"That’s your answer?" 

Tom caves in. “O.K., the answer is 
none. Zero black friend friends." 

"Just like I thought." 

"But I'm working on it." 

"Yes, you are," says JoLayne. 

The two of them work on it very well 
and charmingly. 

New York Times Sen-ice 


By Alan Truseott 

MONG the hundreds of 
{ players who began play 
it. Louis. Missouri, in the 
I National Championships 
the American Contract 
lgc League were a hand- 
whn returned recently 
n competing in the world 
mpionship* in Ham- 
net . Tunisia. They include 
American team that fin- 
id second there in the Ber- 
iu Bowl: Nick NickelL 
k Freeman, Jeff Meck- 
th, Eric Rodwell. Bob 
nman and Bob Wolff, 
y will now be trying to 

regain the Reisinger Team 
title that they won in four 
straight years, from 1992 to 

In the world final, Ham- 
mah and Wolff were North- 
South on the diagramed dial. 
They cleverly avoided the ob- 
vious four-spade contract, 
which, from the North po- 
sition. would have been 
ruined by an opening heart 
lead, and played in three no- 

A low heart was led to the 
ten and jack, and a spade was 
led to the ace. The diamond 
eight was led for a winning 
finesse, and the diamond ten 
followed. Hast covered with 

the jack and the queen won. 

South cashed the spade 
king and played the jack, giv- 
ing West his queen. Now 
West had to give Wolff his 
ninth trick, either by playing a 
club or a heart. The spade nine 
was an entry to dummy to 
take another diamond fin-, 

This was worth 12 imps, 
because in the replay Meck- 
slroth us East made a psychic 
response of one spade ro one 

That talked North-South 
out of spades, and West 
played in three clubs, which 
could have been defeated, but 
was not. 


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North and South were vulnerable. 


2 • 

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West led die heart six. 

♦ Monday Sports: 


Full weekend results of all major 
international sporting events. 

♦ Capital Markets: 

Carl Cewirtz, Europe's most respect- 
ed Euro-market analysL forecasts 
developments in the foreign exchange 

♦ Cyberscape: 
Up-to-date aeve 

levelopmenis 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 Da 

♦ Stage/ Entertainment: 

London and New York theater, opera, 
concerts, pop music, jaaa, along with 
book and movie reviews, this section 
detail- entertainment options all over 
the world. 

♦ Media Markets: 

Global developments in marketing, 
advertising and media. 


♦ Health/Science: 

From technology to space exploration, 
from recent medical discoveries to 
how the human bruin functions, this 
page provides up-to-date information 
on new scientific developments. 

♦ International Manager: 

Creative solutions to cross-border 
management challenges. 

Reginald Dale sets the world’s eco- 
nomic agenda. 

♦ Leisure: 

Travel deals, art exhibits, restaurant 
reviews, movie guides and 'more. A 
weekly guide to your leisijre lime, 
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- 
place. ’ 

♦ Economic Scene: \ 

An overview of forces reshaping the 
world economy \ 

♦The Money Report: - 

For individual investors whose uiler- 
esls extend beyond their natiohal or 
regional economies. ■ j- 


" •> **im im '•w link mm w nr. ktMWRt wr 


A wide variety of weekly featxires 




We can now fly you to one third of the earth. No: bad. 
considering the other two thirds is covered by water. 

Imreducinu varig 

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\<Mir fair viur-w ot trips aero" ii. |<i make these e\ei;i si<uv. 
as painless .is possih!,. u intr-aJuee our rscwcM ail;-. \ no 
with it. a commitment i*> business cl <. \ teiijinu into 
I atm America. Now l.unhaii'.t. Air (, v\S, I H A I , 
United Airlines ant! Variii can deliver you ro more than six 
hundred destinations in l ‘.t.s cmnunes. Moves er, the addaa'on <>’. 
Y .i r iu nieaii' more ch.ii: destinations. Ii means one more airline 
to otter s imj r!u- benelit' ol thorn all. It means more doors 
to airport lommes around the uorki open to travellers. 1 More 
opportunities to accrue mile. ice points toward top-tier lres|iiem 
liver status. More destinations when redeeming wnrr treijurm 
fiver miles. It means our network is one stronger at takinp von 
anywhere in the ssorld. ‘smoothie. 1 : ttieiemU . i ib'rtlessis. 

PAGE 10 



Now We’re Talkin’ 

By Jane E. Brody 

ffewjbrk Times Service 

EW YORK — ■ Ben Franklin 
might have bad the right i de a 
when be suggested that the 
- turkey, not the bald eagle, 
should have been selected to symbolize 

What animal could better represent 
Americans than the wild turkey — res- 
istant to extermination, hard to intim- 
idate, highly adaptable, impressionable, 
sociable and, yes, smart? 

■ Unfortunately for die turkey, it also 

happens to be fun to hunt and good to eat 

facts that nearly spelled its demise by the 
turn of the century. Had there been an 
Endangered Species Act at die end of 
World War II. biologists say, die wild 
turkey would surely have been listed. 

Today, however, the bird is one of 
conservation's best success stories. 

Thanks to an aggressive and well- 
planned capture, transfer and release 
program aided by modern-day hunters, 
the wild turkey population in die United 
States has grown from tens of thousands 
of birds to an estimated 4.2 million, 
which now inhabit every state but 
Alaska, 10 more than their ancestors 
called home. 

The near-extirpation of wild turkeys 

Dr. William Healy, a wildlife biologist, worked with turkey broods. 

began in the last century when settlers 
pushed westward, felling the trees in 
which they roosted and hunting them 
without restraint for food and com- 
merce. The population is believed to 
have bottomed out at the turn of the 
century at 30,000 to 100,000 birds. 

According to Dr. James Earl Ken- 
namer, a biologist in Edgefield, South 
Carolina, these wary and wily survivors 
took refuge in remote and largely in- 

accessible areas, like die swamps near 
Mobile, Alabama, and the mountains of 

These days, though, coundess hens 
wander freely, broods in tow, through 
the woods and fields of rural and sub- 
urban America and are often seen feed- 
ing along heavily trafficked roadways. 
There are wild turkeys in melropolitan 
Atianta and the suburbs of New York 
and Boston. Wild turkeys have even 

been spotted in Van Cortland Park in the 

“Wild turkeys have proved to be 
more adaptable than we ever thought,” 
said Dr. James G. Dickson, a research 
biologist for the U.S. Forest Service in 
Nacogdoches, Texas. They often seem 
unperturbed by people, especially wheo 
tempted by a feast and not chased by 
dogs or guns. 

According to National Wildlife 
magazine, a man in Massachusetts coun- 
ted 78 wild turkeys in his yard after he 
and his neighbors sprinkled com on their 
lawns to attract them. 

“The wild turkey is really America’s 
bird,” Dr. Dickson said. “It is native to 
North America and steeped in American 
traditions, it was an early food source for 
Native Americans and the first European 
settlers. And the bead of an excired gob- 
bler is red, white and blue.” 

Dr. Dickson, editor of "The Wild 

Turkey Biology and Management" 
(Stackpole Books, 1992). also happens 
to be the current president of the Na- 
tional Wild Turkey Federation, a sports- 
men's group in Edgefield that fosters the 
study, preservation and restoration of 
prime turkey habitat The federation 
supports controlled hunting to keep the 
turkeys from outgrowing their supplies 
of food and suitable nesting sires. 

D R. KENNAMER, the feder- 
ation’s vice president for con- 
servation programs, said that 
American hunters were “har- 
vesting about 500,000 turkeys a year and 
the population is still increasing around 
the country. ’’ 

Most of die financing for conservation 
programs responsible for the wOd tur- 
key’s comeback comes from a 10 percent 
federal excise tax on guns and ammuni- 
tion and hunting license fees, he said. 

.V Dr. William Porter, wo has been . 
studying wild turkeys for 5 years, half ; 
of them in upstate New Yrk, said his ; 
research demonstrated thatoss of haV i 
itat, not hunting, was cnmjjly the hir-v 
key’s biggest threat ’ 

’ ‘Turkeys thrive on New 'ark’s dairy*, 
farms,” said Dr. Porter, an evironmen-^ 
tal biologist at die Stare Uiversity o£> 
New York in Syracuse- “Aifarros afe£j 
abandoned and farmland everts to*’ 
forest, the birds are losing prinefnesting; 
and feeding sites/’ \ 

He said hunting was now h rdly a - j 
factor in the birds*-, survival. ' ;v* 

. “The weather in spring pUy muck , 
more of 1 a role,” be said. “If t’s too.-J 
wet in May and June, there’s p high'., 
mortality rate among the 
he explained, perhaps because 
too much body heat or becau 
a tors are better able to smell th 
sites. \ 

y lose" 
esting' i 

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PAGE 1 1 


Archaeologists working in the Balaclava area, the most important classical sites on the Black Sea; tourists among the ruins ofChersonesos, which was closed to foreign experts during the Cold War. 

Ijmi- HillThr N.-a 1-lt. Tiinc- 






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The Grand Pompeii of the Crimea 

By Michael Specter 

New York Times Service 

S evastopol, Ukraine — 

Pompeii, the decrepit, graffiti- 
scarred heap at the foot of 
Mount Vesuvius, is probably 
the world's most famous archaeological 
village. Frozen by a volcanic eruption 
2,000 years ago, it has long served as 
| ancient history’s Disneyland. 

But Pompeii provides a lucky snap- 
shot in the life or a stately Roman town. 
Cliersonesos, covering the edge of this 
Crimean city, presents grander possib- 
ilities: 2,500 years ago, this was the 
Greek world's most northern colony. It 
was here, along the Black Sea coast, that 
“civilized" colonists first encountered 
Scythians, the nomadic “barbarians" 
from Central Asia. 

Spread across hundreds of urban and 
rural acres, Chersonesos (from the 
Greek word for “peninsula") is the most 
important classical site on the Black Sea. 
Scythian tombs and Roman fortresses lie 
under the rolling hills nearby. Cher- 
sonesos was the Byzantine world's 
largest trading outpost on the Black Sea 
j until 1399, when it was sacked by the 
Mongols, and this was the port through 
which Christianity entered Russia. 

That’s not all. Here, from the earthen 
; redoubts of Balaclava, one can gaze 
through the mists upon Tennyson's 
“valley of death,** where in October 
1 854 the British cavalry was savaged by 
the Russian Army in an infamous act of 
militaiy folly during the Crimean War. 
Since then, the battle has been called 
“The Charge of the light Brigade." 

“The historical significance of this 
area and this site is really hard to ex- 
aggerate,*’ said Dr. Joseph Coleman 
Carter, a professor of classics at the 
University of Texas and the director of 
its Institute of Classical Archaeology. 
Dr. Carter has spent much of his career 
explaining the migratory and rural 

land use patterns of the ancient Greeks. 

But until 1992, he was never able to 
range as widely as the Greeks had them- 
selves. Chersonesos was closed to for- 
eigners because it was near the 
headquarters of the Soviet Black Sea 
Fleet and its nuclear submarine base in 
Sevastopol. Although the more urban 
part of the site was famous even during 
the time of the czars, when much money 
was spent to excavate here, photographs 
and maps were almost impossible to get. 
When the city was opened in 1992. Dr. 
Carter was the first Western archae- 
ologist invited to work here by his 
Ukrainian colleagues. 

Dr. Carter has a grand vision of turn- 
ing Chersonesos into one of the world's 
grear archaeological preserves, a park 
filled with treasures such as ancient 
farmhouses and forts and granaries that 
would explain how civilization evolved 
here. From his base on the Crimean 
coast, one of the most attractive stretches 
of vacation land in the former Soviet 
Union, he dreams of an archaeological 
paradise for tourists. 

“There is no place on earth like Cher- 
sonesos,’' he said during a recent visit to 
the site. “It is the Russian Pompeii. 
Greeks. Romans, and Byzantine all had 
their day. Every great epoch built its way 
of life on this soil. There are forts, mints 
and farmhouses. If we could restore 
what is here and present that to people, it 
would be remarkable." 

I T would also require millions of 
dollars and the resolution of sev- 
eral political disputes, most im- 
portantly one between those who 
wish to preserve the site and the Ukrain- 
ian Orthodox Church, which says it 
owns most of this priceless land.- - 
The battle has already been joined. 
There are 30,000 acres ( 1 2.000 hectares) 
on the Crimean Peninsula. Of those, 
1,000 are protected by law from de- 
velopment. In 1996, Chersonesos be- 

came the only national preserve in 
Ukraine, which means that cultural au- 
thorities regulate its development in thi.% 
extremely popular coastal region. Bui 
late this summer, church officials in a 
helicopter entered the site and asserted 
that the land was theirs. Church officials 
are not shy about stating that they want 
pagan monuments — and there are 
hardly any other kind here — destroyed. 
They have even referred to the director 
of the preserve as a devil. 

So far. the Culture Ministry has sided 
with the archaeologists. So have many 
others in Ukraine and throughout the 
world. But the church, which has been a 
staunch opponent, is powerful, and so is 
the temptation to bring in revenues 
through vast and ruinous private de- 

The World Bank and other agencies 
interested in preserving culturally sig- 
nificant sites have begun to consider 
financing the project here. 

For Dr. Carter, this work — even its 
scale — is nothing new . Before turning 
his attention to the northern boundaries 
of Greek civilization, he spent more than 
two decades exploring and documenting 
the rural archaeology of a vast Greek 
colony in Metaponto, a town in southern 
Italy. To uncover ail that is here would 
take at least that long, he said. 

Because Chersonesos is considered 
the best-preserved Greek colonial ter- 
ritory, no site in this part of the world 
could make a more vivid contribution to 
understanding the rural roots of ancient 

Dr. Carter and his Ukrainian and Rus- 
sian colleagues hope to develop a series 
of sites that would represent the life of 
the territory from its earliest inhabitants 
the oldest artifact found dates from 
the sixth century B.C. — through the 
Greek, Rontan. aid Byzantine eras. 

Each aspect of life here would be 
illustrated by a different monument or 
rural site. 

Treating Early Breast Cancer 

‘ ' A _ i /- \ I \ V.y _ . ^ 

flu- jir: s: u.- lii'k N>r lArh. 



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42 Punish, perhaps 

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By Cristine Russell 

Washington Post Service 

tists who conducted a 
series of landmark studies 
on breast cancer have con- 
cluded that most patients with early- 
stage breast cancer — regardless of their 
age, type of tumor or whether it has 
spread to nearby lymph nodes — should 
be considered. “candidates for chemo- 

In a paper published in the Journal of 
the National Cancer Institute, a team of 
researchers with the National Surgical 
Adjuvant Breast and Bowel Project an- 
nounced the findings of a study in- 
volving more than 2^300 women. It 
found small but statistically significant 
benefits if chemotherapy is added to 
hormone therapy in patients with loc- 
alized breast cancer that has not spread 
to underarm lymph nodes (called node- 
negative cancer ). Such patients make up 
about 15 percent to 30perceni of new 
breast cancer cases. The addition of 
chemotherapy improved their five-year 
disease-free survival by about 5 percent 
and overall survival by about 3 percent. 

“We have now shown the benefit of a 
unified approach to the use of chemo- 
therapy in the management of women 
with breast cancer," said Bernard Fish- 
er, scientific director of the project, a 
federally funded project based in Pitts- 
burgh that has conducted major treat- 
ment t rials in centers throughout the 
United States and Canada. He said that 


44 Crescents 

45 Betting game 
■44 Tolstoy hero 
«r Prefix waft 


46 -Ytkes!' 

4* Son. usually 

50 Farm learn 

A Signal in Crib Death 

WASHINGTON (Reuters') — A brain 
defect that affects breathing has been 
found in babies who died mysteriously 
of crib death, U.S. researchers reported. 
The babies had lower levels of neuro- 
transmitters — signaling chemicals — 
in the part of the brain that controls 
breathing, they found. 

Dr. Hannah Kinney, and colleagues at 
I — \ I I I I | I I Children’s Hospital and Harvard Med- 

I 111 — — I — 1 — 1 — I — I ical School in Boston looked at the brains 

iw*i*iQr* B s.KM» y > . of 79 babies who died of crib death, also 

G> New York Times/Edited by Will Shorts: known as sudden infant death syndrome 

or cot death. Compared with infants who 
died of other causes, the SIDS victims 
had 52 percent less of the neurotrans- 
mitter kainate in the arcuate nucleus, a 
region of the brain that helps control 
■ 0947 * breathing and blood pressure, they re- 

, 1 ported in the Journal of Neuropathology 

mis, n and Experimental Neurology. 

ia reporting The same team earlier found the SIDS 

53- a Joke. 

Son - (1947 

54 Big wts in 
cred4 reporting 

the cumulative evidence of disease-free 
and overall survival benefits from 
chemotherapy in several studies is suf- 
ficient to suggest that most early-stage 
breast cancer patients, regardless of their 
menopausal, nodal or hormone-receptor 
status, should now be considered “can- 
didates for chemotherapy . " 

The findings apply to stage 1 and 2 
primary tumors greater than one cen- 
timeter in size but not to smaller tumors 
that may be detected solely by mam- 
mography screening. 

Chemotherapy, the systemic use of 
toxic drugs to kiU cancer cells, was orig- 
inally used to treat more advanced breast 
cancer patients and gradually has been 
extended to patients with earlier stages 
of the disease. A 1 976 study of women 
with primary breast cancer that had 
spread to the nearby lymph nodes who 
had chemotherapy* following surgery 
showed fewer recurrences and stimu- 
lated widespread research. 

I N 1985, a National Institutes of 
Health conference recommended 
that chemotherapy become the 
standard of care for premenopausal 
patients with primary breast cancers and 
positive lymph nodes, who are thought 
to be at higher risk of recurrence. 
Tamoxifen, which blocks the body’s use 
of estrogen, was recommended for post- 
menopausal patients with positive nodes 
and positive estrogen receptors. 

Lower-risk patients with primary 
breast cancer and no node involvement 
traditionally were treated with surgery 

babies had less activity at a second point 
where neurotraiismitiefs hook onto brain 
cells, known as the muscarinic cholin- 
ergic receptor. They said their findings 
suggested that as carbon dioxide levels 
rise and oxygen levels fall during sleep, 
the brains of certain babies may not get 
the signal to alter their breathing or 
blood pressure to compensate. • 

First Vitamins, Then Fat 

CHICAGO (Reuters) — Taking Vit- 
amin C and E before eating a rich meal 
blocks the damaging effect on blood 
flow caused by the new supply of fat, and 
may ultimately reduce the risk of heart 
disease, doctors at the University of 
Maryland School of Medicine reported. 

They fed 20 nonsmoking subjects 
three breakfasts: A high-fat meal con- 
taining 900 calories and 50 grams of fat, 
a low-fat meal with the same number of 

or surgery and radiation, but a number of 
studies over the past decade have 
provided new evidence that such pa- 
tients might also benefit from chemo- 
therapy and hormonal therapy. Last 
year. Dr. Fisher and his colleagues re- 
ported that women with breast cancer 
that had not spread to the lymph nodes 
and was estrogen recepror-negativemay 
benefit from chemotherapy. 

Last week’s publication extended to 
lower-risk node-negative patients with 
estrogen-receptor positive tumors. Dr. 
Fisher and other cancer experts stressed 
that the choice of whether to undergo 
chemotherapy for these women requires 
a careful weighing of potential risks and 
benefits. Every treatment decision is ul- 
timately a balancing act by the patient, in 
consultation with tier physician and oth- 
ers, that should include consideration of 
available scientific data as well as per- 
sonal values. 

‘ ‘The patient has to be the one to make 
the judgment. Informed consumerism 
has always been my credo,” said Dr. 

Other specialists said the new study 
was likely to persuade more patients and 
physicians to consider adding chemo- 
therapy to hormonal therapy, but there 
was a danger of overuse. They noted rhat 
the additional survival benefits appeared 
to be relatively small and should be 
weighed against the risks of combined 
treatment. Up to now. chemotherapy has 
not been routinely considered for post- 
menopausal patients whose lymph 
nodes are not affected. 

calories but no fat, and a high-fat meal 
preceded by oral doses oM gram of 
Vitamin C and 800 International Units of 
Vitamin E. The blood flow in the sub- 
jects’ arteries was found to slow after the 
first high-fat meal, while remaining nor- 
mal after both the low-fat meal and the 
high-fat meal preceded by vitamins. 

Fight Against Obesity 

LONDON (Reuters) — U.S. re- 
searchers have identified a signaling 
system in (he brain that helps to control 
food intake and body weight and that 
could lead to the development of new 
drugs to fight obesity. 

The researchers at the University of 
Washington School of Medicine found 
the melanocorotin-4 (MC4) receptor in 
rats acts as a conductor for leptin, a 
hormone known to reduce body weight 
by acting on the central nervous system. 



Wednesday’s 4 P.M. 

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At APEC, a Commitment 
To Comforting Markets 

■ By Paul Biustem 

Vfofanflow Post Servic e 

i ■ VANCOUVER, British Columbia 

For anyone hoping that the Asia-Pacific 
leaders meeting here this week would 
dp something to solve Asia’s burgeon- 
ing financial crisis, the summjteers 
ottered this much — ■ a commitment to 
avoid making a bad situation worse 
► It was an awkward and unfamiliar 
moment for the annual summit of the 
.^Asia-Pacific Economic Cooperation 
Centra, a body dedicated to liberalizing 
regional trade that includes the 


United States, Japan, C hina and other 
N Pacific Rim nations. Thrust into the role 
of coping with the financial upheaval 
that has devastated some of Asia’s fast- 
( est-growing economies, the 18 leaders 
' responded with a collective promise that 
they were not about to embark on a 
course that financial markets would re- 
gard as foolish. 

By giving their blessing to a strategy 
for dealing with financially besieged 
countries tbit lets the International Mon- 
. eiiary Fond call the shots. President Bill 
Clinton and his fellow APEC leaders 
provided assurances that nations such as 
South Korea would not be bailed out 
unless they accepted the IMF's orthodox 
and often-painfnl prescriptions for restor- 
ing an economy to a sound footing. 

And by agreeing to eliminate trade 
barriers quickly in several industries, 
including chemicals and environmental 
equipment, the leaders made it clear 
they would stick to their goal of opening 
markets in the region rather than re- 
acting to the crisis by turning inward and 

implnnenung protectionist measures. 

Still , as helpful as such messages may 
be in dispelling the worst fears of in- 
ternational investors, the summiteers 
were in no position to provide a com- 
prehensive solution. And the meeting 
produced some letdowns as welL 

Most prominent among these was Ja- 
pan’s coolness toward a U.S. plea for 
Tokyo to act as the region's economic 
1 ‘locomotive" and help pull the region “s 
troubled economies out of danger. 

Mr. Clinton urged Japan's prime min- 
ister, Ryu taro Hashimoto, to spur 
growth in Japan’s vast domestic market 
and thereby help ameliorate the crisis 
afflicting Japan ’s neighbors. But despite 
Japan's economic stagnation and deep- 
ening financial difficulties, the Finance 
Mims try has long resisted calls for stim- 
ulative policies such as tax cuts, and Mr. 
Hashimoto asserted after the summit 
meeting ended Tuesday that Japan was 
not so smug as to assume it could play a 
locomotive role. 

“This summit gave a clear signal that 
the region will stick to the course of 
market orientation, liberalization and 
sensible economic policies," said C. 
Fred Bergs ten, director of the Institute for 
International Economics and an architect 
of APEC's free- trade vision. "‘There’s a 
message being delivered that APEC is 
moving forward on these fronts, which is 
reassuring to markets. Having said that, 
the crucial requirement for coming out of 
die current difficulties is decisive action 
by the countries in trouble — most no- 
tably Japan, Korea and Thailand.** 

Perhaps the most compelling message 
delivered at the summit came from Pres- 
ident Ernesto Zedillo of Mexico, who 

See APEC, Page 17 



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First Bitter Medicine: 
Samsung Cuts Deeply 

Korean Giant to Slash Spending and Shift Staff 

Hubert Neiss, an International Monetary Fund director, arriving Wed- 
nesday in Seoul, where Finance Ministry officials met with IMF officers. 

By Don Kirk 

Special to I he Herald Tribune 

SEOUL — South Koreans received a 
taste of the painful restructuring that lies 
ahead for their economy Wednesday 
when Samsung Group, the nation's 
second-largest conglomerate, announced 
that it would slash investment, shift about 
30 percent of its 260,000 employees into 
new jobs and cut management salaries. 

The company said it would focus on 
its core operations as part of a plan to 
“bolster competitiveness in the face of 
South Korea's financial turmoil.'' 

The announcement was the strongest 
response so far by any South Korean 
chaebol to the pressure created by enor- 
mous debts and non perform! ng loans, all 
reflected in the country’s depreciating 
currency and sagging stock marker. 

In an effort to brace up stock prices. 
Finance Minister Lim Chang Yuel said 
the Bank of Korea would lend securities 
firms and trust institutions money to 
invest in the stock market. 

Mr. Lim announced the plan after 
meeting with officials from the finance 
companies, listening to suggestions and 
telling them to prepare for mergers and 
acquisitions in keeping with the gov- 
ernment's “drastic downsizing and 
cost-saving drive." 

News of the plan stopped the abrupr 
decline of the stock market, which has 
fallen 13 percent this week. The bench- 
mark index ended down only 0.89 point 
Wednesday, to 438.70. The won gained, 
with the dollar slipping to 1 , 1 09 JO won 
from 1,122 won on Tuesday. 

Samsung, whose 1996 sales of $92.7 
billion were the largest in South Korea 
but whose assets lag those of the Hy- 
undai group of companies, said its 
“blueprint refocuses group wide invest- 
ments on core growth businesses, re- 
organizes management and cuts costs 
across the board." 

“We cannot overcome this national 
economic crisis without bone-aching 
pain for survival,” the company said. 

Samsung will cut new investment by 
30 percent, to less than $6 billion. It called 
memory and nonmemory semiconduct- 
ors, telecommunications and motor 
vehicles its “core growth businesses." 

Samsung said it had already “di- 
vested" 35 product tines this year, in- 
cluding game machines, with another 
34 lines facing cuts nexr year, resulting 
in more than 51 billion in savings. 

The company also plans to save money 
by cutting top executives' salaries by 10 
percent. It pledged to base future in- 
creases “on merit rather than seniority,” 
which Samsung called “a break from 
traditional Korean business practices de- 
signed to stimulate competitiveness.*' 

Samsung said it would halve travel and 
entertainment outlays and implement en- 
ergy-saving measures, saving 1 trillion 
won. The efforts, it said, would “reduce 
consumption by 30 percent, saving die 
company annually over $150 million,” 
not including the reduced investments. 

Samsung unveiled its cuts as other 
chaebol responded, haltingly, to govern- 
ment restructuring demands and Finance 

See SAMSUNG, Page 17 

flu 'I 

Stalled Reform Paralyzes 
Romanian Economy 

Political Infighting Has Blocked Investment 

. ..By PeterS. Green _ 

Inter national Herald Tribune 

BUCHAREST — One year after. 
Emil Constantinescu led Romania’s 
anti-Communist opposition to power 
and began sweeping economic re- 
forms. the recovery has stalled, sty- 
mied by political infighting and a lack 
of decisive leadership, business leaders 
and analysts say. 

Denouncing government austerity 
moves, about 1 5.000 angry labor union 
. members greeted President Con- 
s tan tin esc u last week on his return 
from a visit to Asia. On Friday, the 
influential chairman of the Senate's 
budget and finance committee vented 
the frustration of reform enthusiasts 
when he gave the government one 
week to pass key reform laws or find 
Parliament doing it for them. 

The government is showing some 
signs of movement, but analysts say 
they are not sufficient to overcome 
several years of paralysis. Prime Min- 
ister Victor Ciorbea has promised a 
cabinet shakeup for next week that will 
consolidate widespread powers over 
privatization in the hands of just one 

On Wednesday, the State Owner- 

ship Fund, the main privatization 
agency, announced that 46 major 
companies were* being,. prepared for 
_sale_ under the guidance ofLprivaiein- 
vestmem banks. 

Romania’s reform began in earnest 
only after elections last November, 
leaving the economy as much as five 
years behind other former Communist 
countries such as Poland. Hungaiy and 
the Czech Republic, which started re- 
forms in 1990. 

Within months of taking over from 
leftists who had run the country fur 
seven years, the government slashed 
spending, freed prices, stabilized the 
currency and brought inflation down to 
0.7 percent in July. 

Since then, however, political spats 
between key reform ministers have 
blocked laws on investment protection, 
privatization, tax reform and banking 
that could stimulate the economy and 
help start a recovery. 

Now. that inaction is beginning to 
affect the gains in macroeconomic sta- 
bility, some analysts say. Inflation rose 
to 6.5 percent in October for a rate of 
145 percent for the year, an increase 
analysts say is rooted in the unfinished 
chapter of reform. 

‘ ‘The increase in inflation is coming 

Lafarge Succeeds in Rid for U.K. Rival 

Urfc-i ii-.i.-n*, xiuwi^rH iv— , 

Mr. Constantinescu being sworn in. 

from consumption." said Kadri 5am- 
sunlu, general director of Global Valori 
Mobiliare. a local brokerage. “In 
September, the government indexed 
government wages, paid off miners to 
leave their jobs and raised energy 
prices. All that is pushing inflation.'’ 

Romanians are having to buy im- 
ported consumer goods with overvalued 
lei, the national currency, Mr. Sams uni u 
said. He added that the overvaluation 
could lead to an outflow of the estimated 
$250 million to $300 million in port- 
folio investments made this year. 

See ROMANIA, Page 17 

By Susannah Patton 

Special to the Herald Tribune 

PARIS — Lafarge S A of France won 
control Wednesday of Redland PLC, its 
British rival, concluding a cross-border 
expansion that enhances its position as a 
world leader in building materials and 
sets the stage for further reorganization 
of the industry. 

After a six-week battle with a re- 
luctant Redland board, Lafarge 
sweetened its offer by nearly 8 percent, 
to 21.5 billion francs ($3.7 billion) in 
cash and debt, and gained an entry into 
the lucrative British and German con- 
struction markets. 

Industry observers, while pointing to 
some potential stumbling blocks, called 
the operation a coup for Lafarge’s chair- 
man and chief executive officer, Ber- 
trand Collomb, who they said had man- 
aged to transform a hostile bid into a 
friendly takeover, and al a reasonable 

The deal is unusual in the annals of 
international takeovers in putting a 
French company in control of a British 
concern. In addition, analysts said it 
signaled new international prominence 
for Mr. Collomb, 55, an American-edu- 
cated executive known for his reserve 
and quiet determination but not, until 
now, for corporate raiding. 

But the takeover will also saddle Mr. 
Collomb with significant challenges as 
he absorbs a company with a heavy debt 
load and a strong presence in the de- 
pressed but crucial German market. 

“It's not unusual to be criticized 

when one makes a bold move." Mr. 
Collomb said in an interview Monday. 

“A year ago 1 was criticized for not 
expanding enough. Observers said, 
‘You are taking little steps. When are 
you going to nuke a big move?’ Now 
people are asking if this is too big, and if 
we are getting into too much debt I’m 
not very worried.” 

Lafarge offered 345 pence ($5.79) a 
share and agreed to take over £400 
million of debt in its successful bid. 

Lafarge is the world's second-largest 
cement producer, after Holderbank Fin- 
ancier Glams Ltd of Switzerland 
With the takeover, it has become a ma- 
jor player in the British market for ag- 
gregate — the grave! to make concrete 
— as well as in Germany's roof-tile 

The French company will now be the 
world's largest producer .of aggregate, 
the second-largest concrete maker and a 
leader in roofing tiles. 

Financial analysts, though initially 
divided over the merits of Lafarge's 
audacious bid for Redland, applauded 
the price and speed of the deal Wed- 
nesday and said they were pleased the 
initially hostile bid had ended up win- 
ning management approval. 

“The final price is lower than what 
one could have feared,” said Jean- 
Hughes de Lamaze, head of French re- 
search at Credit Suisse First Boston in 

Despite the attractive price, other 
worries lingered. “Collomb has dune 
well,** said Andrew Melrose, an analyst 
at Paribas in London. “In financial 

terms it looks like a good deal, but the 
larger concerns are still there." 

Specifically, Mr. Melrose and some 
other analysts have criticized the deal 
because it exposes Lafarge to the weak 
German market through Redlands 56.5 
percent stake in the roofing-tile com- 
pany Redland Brass Building Group 
GmbH. Some analysts also have raised 
concern over Lafarge's decision to fi- 
nance the purchase entirely through bor- 
rowing. leaving it with debt of about 30 
billion francs, compared with equity of 
about 37 billion. 

“I think that when we can explain our 
strategy and the financial conditions of 
the operation to observers, analysts and 
shareholders, it will appear completely 
positive,” Mr. Collomb said in the in- 

Mr. Collomb has contended that a 
strong presence in Germany is indis- 
pensable, because that country repre- 
sents almost one-half of Western 
Europe's construction market. And be 
says the Redland takeover fits well with 
Lafarge's long-time strategy of inter- 
national expansion and increasing its 
product line. 

Industry experts said the Redland 
takeover could signal further consol- 
idation in the sector, though more deals 
of such magnitude were unlikely any 
time soon. 

"All over Europe we are seeing a 
consolidation in these industries,” said 
Mr. Lamaze of CS -First Boston, re- 
ferring to building 

materials. “But I don't see a similar 
deal on the immediate horizon." 

To Workers’ Relief, U.S. Agency Plans Guidelines for Restroom Breaks 

By Kirs tin Downey Grimsley 

Washington Past Service 

WASHINGTON — Sometimes, you just gotta go. But 
nany worker* are complaining that their employers do not 
irovide adequate rest-room breaks or facilities, prompting the 
i.S. government to intervene for the first time. 

" Recently a group of Midwestern railroad workers sued 
heir Virginia-based employer for not providing flush toilets 
n locomotives. Mine workers in western Vugmia say they 
iften lack adequate toilets underground. Telemarketing em- 
iloyees in San Francisco have testified that their rest-room 
•reaks are limited, with supervisors admonishing them not to 

drink much water so they do not need to go as often. 

The U.S. Occupational Safety and Health Administration in 
July issued its first citation on the issue, fining a meatpacking 
company $4,000 for not allowing its workers adequate access 
lo toilets. 

The agency also plans to issue new nationwide guidelines to 
help its officials decide if a company is providing sufficient 
breaks and facilities for its workers, said Stephen Gas kill, an 
agency spokesman. 

“This is an issue we have just started dealing with,” Mr. 
Gaskill said. “We’re hearing more and more about this 
problem, but whether it is an issue of people reporting it more 
or it happening more. I can’t say.” 







Nov. 26 

:ross Rates w M s*. T- a w** 

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Libid-Libor Rates Nov- 26 

Suita French 

Dollar D-Mark Franc Sterling Franc Yea ECU 
1 -north SVu-5'Vi. 3*V.-3V, 1 * - 14I» 7W - 7V» 3^5. - Yk - 4VW - 4V* 

3- month 3<V»-3VI 1*1-3 7V* ■ 7»» 395. - 3«*. V* ■ >VW - AVm 

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1-year Sfh-SVm 4-4V» 7-m 7>Va - 7*4 - 4Vk - «Vn 4Yta - 4VW 

Sources: Reuters. Lloyds Son*., _ 

Rotes appBcuble to interbank deposits of Si motion minimum loreqi<lmleaO. 

Key Money Rates 

United States doso Pm 



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5-year Tnramy note 
7-ywr Treasury ncle 
UHwar Tmasuiy note 
30imr Treasury hood 
McnM Lyndi 30-day RA 

Discntnt rate 
CoU money 
l-amth Intartank 

3- month in tertian* 
C-roanth hrtarhank 

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Lynch, flan* of Tokyo- Mitsubishi. 

Cam’Mzbatk. CmOtLyomds. 





Zurich 29725 



London 297.00 



Now York 300*0 



U-5 donors per ounce, London otfidal 
bungs: Zurich and New VMi opening 
and doting price* New YoA umest 

Sonne! Ream. 

Advocates for employee rights applaud ihe agency's action, 
saying it was long overdue. But some business representatives 
worry about excessive government intrusion into the work- 
place and the potential disruption of business operations by 
employees who abuse breaks. 

“You’ve got employees that will attempt to take more 
breaks, you’ve got your smokers, you’ve got people who call 
home to check on dieir kids and end up mediating a battle 
between the kids,” said Sue Meisinger, vice president of the 
Society for Human Resource Development, which represents 
personnel executives. 

She said the vast majority of employers would never 
consider denying rest-room breaks or facilities to their work- 
ers. But some businesses have particular work situations that 
make it hard to let employees go whenever they want, such as 
on factory production lines, or at a retail store cash register 
operated by a lone cashier, Ms. Meisinger said. 

EUen Bravo, executive director of 9to5, the National As- 

Telemarketing employees said supervisors 
had told them not to drink so much 
water so they won’t need as many breaks. 

sociatioo of Working Women, hailed the Occupational Safety 
and Health Administration’s involvement, saying the issue 
“has not previously been recognized enough as a problem." 

Ms. Bravo said her group receives many calls on the topic, 
particularly from workers in the telecommunications industry 
who complain that their bathroom time is being monitored, 
that they are sometimes denied use of the facilities and that 
employees who frequently use the bathroom are being asked to 
discuss the issue with their supervisors. She said some women 
workers have developed urinary infections because they are 
not allowed to go to the bathroom frequently enough! 

Experts across a variety of industries say one reason for the 
growing number of complaints is that technology makes it 
easier for' employers to monitor workers constantly, using 
measurements such as keystrokes typed per minute or tele- 
marketing calls made per hour. Others blame the problem on 
poor management by individual supervisors rather than on 
company-wide policies. 

“Supervisors get bonuses based on production speed, and 
lo get the bonuses, some will degrade the workers,” said Greg 
DeNier, assistant to the president of the United Food and 
Commercial Workers International. 



The Corum Gold Coin Watch. An 
authentic $20 U.S. gold piece, first min- 
ted more than 100 years ago, is halved 
and an ultra-flat mechanical or quartz 
movement is cushioned inside. Heralded 
as one of the world's great timepieces, it 
is prized as an heirloom to be passed on 
from generation to generation. 

Maitrss Artisans d 7-forlogerie 


Fur Infumulion wrtie in Cumin. 2501 tj ChauK4hsEtooUs.Sw*faTrtaiirt 

PAGE 14 





Rivals Charge Teledesic Whs Favored in Airwaves Dispute 

By Mike Mills 

Washington Post Service 

WASHINGTON — Hie billionaire entrepreneurs Bill 
Gates and Craig McCaw bad a problem: Teledesic, their plan to 
encircle the world with hundreds of communications satellites, 
was being threatened by a rival company whose land-based 
antenna towers seemed certain to cause radio interference. 

They took their complaint to the Federal Communications 
Commission, and a classic tmf battle seemed to be in the 
making - Mr. McCaw and Mr. Gates would be going up against 
Alex Mandl, who had quit as president of AT&T Corp. to run 
Associated Communications LLC, Teledesic’s apparent 

But by March of this year, after eight months of private 

Asian Woes Linger 
For U.S. Investors 

Source: Btootpbarg, Reuters 

iMetiwiinasl Iteald Tribune 

Very briefly: 

• AT&T Corp. said it might sell its paging division as part of 
-a drive to shed slow -growth operations not crucial to its 
' telecommunications business. 

'"•Land International Holdings Inc. agreed to buy Deflecta- 
Shield Corp. for about $90 million, creating America’s 
■ largest maker of light-truck accessories. 

U.S. gross domestic product expanded at a 33 parent 
annual rate in the third quarter, the Commerce Department said 
in a revision from its previous estimate of a 3.5 percent gain. 

• Raytheon Co. agreed to sell hs chipmaking unit to Fairchild 
_ ' ' Semiconductor Corp. for $1 20 million as it concentrates on its 
' 1 'aerospace and defense electronics businesses. 

, • Sun-Diamond Growers of California’s former senior vice 
k< -president, Richard Douglas, was found guilty of giving $7,600 
‘'m illegal gratuities to former U.S. Agriculture Secretary Mike 
*; 'Espy. AP. Bloomberg 

. Boeing Delay Said to Hit Southwest 

“• v Bloomberg News 

DALLAS — Southwest Airlines Co. may postpone its 
expansion plans and revamp its winter schedule because of 

• -production delays at tbe jetmaker Boeing Co., the Dallas 

• Morning News reported Wednesday. 

Southwest will receive only two of the four Boeing 737- 
' - 700s that it ordered for delivery this year, which is cansing the 
airline to rethink its plans to add service to a new city next 
, .year, its chairman. Herb Kelleber. said. 

Southwest has not identified the expansion city, but its 
. 1 plans were based on deliveries of four jets this month and next 
;and 21 planes next year, die paper reported. 

Southwest shares closed down 50 cents, at $36.4375. on the 
'New York Stock Exchange. 

Boeing resumed 737 production Nov. 13 after halting it last 
" 'month because of parts shortages and a lack of skilled workers. 


NEW YORK — Stocks 
ended mixed Wednesday as 
steadier Asian markets foiled 
to erase lingering concerns 
that instability in the region 
could eventually take its toll 
on U.S. corporate profits. 

The Dow Jones industrial 
average closed down 14.17 

g Dints at 7,794.78, while the 
tandard & Poor's 500 index 
gained 0.84 point to 951.64. 
But gaming issues out- 
numbered losing ones by a 4- 
to-3 ratio on the New York 
Stock Exchange. 

“Until we start to get into 
January and see where earn- 
ings were in the fourth 
quarter, and start to get lots of 
new information about where 
earnings will be going in 
1998, the real new informa- 
tion coming into the market is 
die ebb and flow of news from 
Asia,'' said Douglas Cliggott, 
chief investment strategist at 
J.P. Morgan Securities. 

Investors want to judge die 
effectiveness of efforts to 
support Japan's banks and 
brokerages, as well as the In- 
ternational Monetary Fond’s 
economic bailout of South 
Korea, analysts said. 

The early sentiment 
seemed to favor U.S. assets as 
a better bet than many other 
global markets. 

“We’re the safe haven; we 
continue to be the strongest 
economy in the world,” said 
Neil Eigen at J. & W. Selig- 
man & Co. “More money 
will flow here.” 

The Treasury bond market 

drew funds looking for a 
haven, with the price of the 
benchmark 30-year issue 
rising 6/32 point, to 101 3/32. 
The yield was steady at 6.05 

Technology issues were 
mixed. Compaq Computer 
was the most active issue on 


the Big Board, rising 2 9/16 to 
61^ on expectations for com- 
puter sales to stay robust But 
Applied Materials fell 1 7/16 
to 32 3/16, leading volume on 
die Nasdaq. 

Howmet International rose 
16 to 15V6 on its debut trading 
day, lifted by prospects for 
rapid growth in tbe aerospace 
industry that uses die engine 
components maker's 


Great Atlantic & Pacific 
Tea fell 5 13/16 to 30 after die 
grocery-store chain warned 
that its quarterly profit would 
drop because of increased 
spending on Thanksgiving 

The company said earnings 
were hurt by competition 
with rivals such as Royal 
Ahold NV’s Edwards and 
closely held Shop Rite, which 
are offering cut-rate {rices on 

An initial public offering 
from Laser Mortgage Man- 
agement fared less well, with 
the issue falling % from tbe 
$15 offer price. The real es- 
tate investment trust sold 15 
million shares. 

(Bloomberg, AP) 

negotiations between the companies and the commission, the 
dispute was resolved in a way mat may yet come back to haunt 
the raulatory agency: Citing “national security” reasons, 
specifically possible interference- with military satellites, the 
commission moved Associated to a different part of the radio 
spectrum without bolding public hearings. It also granted tbe 
company four times die amount of frequencies it originally 
held, free of charge, as compensation for having to move. 

Now, some competitors are calling the settlement a sweet- 
heart deal that President Bill Clinton’s administration and the 
communications agency rushed through to help Mir. McCaw, 
a cellular-telephone pioneer,. Mr. Gates, chairman of Mi- 
crosoft Com., and Mr. Mandl and their companies. 

“Why did tee government go to bat for them?” asked Bill 
McCloskey, a spokesman for BellSouth Corp. “In these days 
when they're trying to auction off everything under the sun, 
now someone ends up with two, four times toe spectrum they 
had when they started.” 

U.S. officials and lawyers for the companies say nothing 
improper occurred. The communications commission and the 
Commerce Department’s telecommunications office, they 
say, had known since 1995 that Associated’s frequencies 
could interfere with classified defense-satellite signals 
beamed to Denver and Washington. For that reason, they say, 
tee agency was within its rights to handle the matter as a 
national-security issue. 

The issue is heating up now for two reasons: Associated, 

which changed its name to Teligent Inc. this year, is a new 
darling on Wall Street, raising $118 milli on in an initial public 

stock offering last week for its plan to use its new frequencies 

to offer high-capacity local telephone" and Internet services. 

In addition, critics who plan to compete against Teligeot hope 
a newly reaffi »H ra mnnwiioario nfi age ncy wifi take a fresh look at 
the issue. The agency plans to rule in January on requests to 
peconskler the decision. 

In the early 1990s, the wireless entrepreneurs Raj and Neera 
S ingh of Vi rginia and tbe Bctkman famil y of Pittsburgh 
applied for licenses in tbe 18-gigahertz portion of the radio 
spectrum. They were awarded licenses for dozens or ernes 
through 1995.' . 

At the same time, Mr. McCaw and Mr. Gates were drawing 
op plans for Teledesic, which would use hundreds of low- 
(rin ting satellites to provide global Internet and video services 
to anyone on tee planet Initially, Teledesic presumed it could 
share space with other 18-gigahertz users. But in July 1996, 
tee Singhs and Berkmans — inspired by new rules that 
aUowedthe airwaves to be used for phone and Internet service 
to fixed locations — applied for 174 new tower locations to 
shore np their radio-frequency web and start a new business. 

The settlement came m March, when regulators announced 
teat Associated would move up to 24 gigahertz, teat it would 
get four times as much spectrum as it had at 18 gigahertz and, 
that Teledesic would pay its rival an unspecified sum to covelF* 
the cost of tee move. 

(German Interest-Rate Outlook Props Up Dollar 

Bloomberg News 

NEW YORK — The dollar rose 
a gains t the Deutsche mark Wednesday 
amid reports showing a healthy U.S. 
economy and expectations Germany 
will not soon raise interest rates. 

The dollar's gains came as the U.S. 
gross domestic product report signaled 
the economy was likely to keep drawing 
investors to U.S. assets. 

Separately, Gnntram Palm, a Bundes- 
bank council member, and recent Gennan 
economic reports reinforced expectations 
that Gerpian interest rates are on hold. 

“There have been quite bullish fig- 
ures oat of the U.S. and quite bearish 


figures out of Germany,” said J.P. 
Neergaand, manager of foreign ex- 
change at Den Danske Bank. “There's 
still a healthy interest-rate differential 
the doUar.” 

le dollar rose to 1.7601 DM in4 P.M. 
trading from 1.7505 DM on Tuesday. 
TheU.S. currency also climbed to 1.4168 
Swiss francs from 1.4107 francs and to 

5.9025 French francs from 5.8585 francs. 

The pound was at $1.6736, down from 

The dollar slipped to 127.020 yen 
from 127385 yen amid a belief that 
Japan may soon adopt a plan for as- 
sisting its troubled banking system, a 
move teat could restore confidence in 
Japanese financial assets and tee yen. . 

In other trading, the Canadian dollar |p' 
fell on concern that Japan will step up 
sales of Canadian securities. The cur- 
rency was quoted at 7030 U.S. cents, off 
from 70.60 cents Tuesday. 


Nov. 26, 1997 

HI* Low Ltest Chge Opted 



SMO bu mlnknum- canh per buoftal 
Ok 97 27M 270 272ft +M 678S6 

MorW 283 270 282ft +31*165X12 

Mayes -tflSM 2851. 288M +3H «V26S 

JMH 2V2U TBS 292 +3ft sum 

Sep 98 286ft .2831* 286U *3 3.112 

DocW 28tft 283 286ft +Jft MO GOLD (NCMX1 

JwW WW ■Hltj 362 

Est. Mies 70000 Tun via 1 12410 
Tim open Ini 300451. ofl 8422 

High Low LMI Chge OpH 

14000 In.- cenh per*. 

Jon re 80.90 7980 79 JO metk 22830 

Mar re 8195 8280 8385 4-0.10 14,135 

Moves 8670 8570 3615 +005 1389 

JUn 89.50 8075 89.00 -01 0 MM 

EM. rated NJL Tt*o"» n*a 2335 
Tun open W 4L543 up 38? 


100 tray eo-doRm per boy m. 

" — 1 29690 -160 


100 tee- doliin jkt Ion 

Dec 97 23370 23130 237 JO +170 17,66? 

Join 232JQ 22330 229.70 +180 30619 

MorW 22700 22230 22170 +140 32687 

May 98 22330 21930 220.40 +U» 19.783 

-Jain 22230 mao 22090 +130 iisw 

Aug 90 37130 22000 22000 +140 1204 

1 20400 Tun ealei 40273 

*■40000 Bo- M 1 Mr lb 

Dec 97 2543 23.02 2M6 +<U9 12415 

-Jon re 25J8 2522 2559 +037 41340 

'-Morn 2640 2530 2590 +041 31350 

May 98 2615 25JH 2647 +039 12.947 

Jut «» 2630 2532 2647 *04* 11337 

Aug« 2610 258ft 2597 +037 1340 

EM tees 20800 Tor* tea* 35435 
-Tan open H1 16398, up 1.702 

3400 Ini mHmum- Mb per bwhel 
. Jin 91 72512 712 721 V. +«ft 

Mar 91 728ft 716 724U *711 

• .May 98 732 723 728 +7 

JMW 734>i* 721ft 730*4 +7M 

'Aug 98 727 724 7244 +716 

,E*t etes 37400 Tun rate 28333 
Tan open Hit 1466A op 1493 


SJMbu mfctenun- aW* per tuaftel 











































Turn open H 96916 an 1274 


40001 te-art* per ft. 

.Dec 97 6735 <747 6730 +0)5 

TftbtB 6677 MM 6665 -602 

' Apr 98 7237 7240 72.10 4)42 

-'JnW 7030 7012 7032 nodi 

'Aogre 70.70 7045 TOM +042 

•QQ98 7240 7235 7237 -Q47 

JesL rate 7390 Tim rate 26*04 
>m apai W 104611, OP 42 


'56000 te.- cents per Bl 
J an 91 8042 7935 7982 4L15 

'Mar 98 8040 79J7 7982 4.10 

'Apr 98 1032 00.15 8617 4.10 

May 98 8675 8655 8037 4.17 

Aug 98 8125 8225 8225 -610 

Sep 98 81.90 81.90 81.90 410 

EM rate 1853 Tim rate L 782 
'Tee's wratomWl oft 1J31 

ttOOS-ieoa (CM8R) 

4cldoo cMh oarb 
Oec97 6270 031 6145 +630 

CebW 4120 6035 6055 4.15 

■Apr 98 5625 5737 57JB -032 

Jnre 653S 6530 6530 410 

MW 6465 6620 6432 -007 

EM. tte 1 7367 Tors take 6009 
Tan open M 36959, up UW 

Dec 97 30140 295.10 
Jn re 29730 -3JD 

Fob 98 302JD 297.00 29660 -3.70 

Apr 98 XU1 299.00 300X0 -380 

Jnre 303.90 301 50 30230 -AM 

» re 30580 38130 30460 A10 

98 307 A0 30640 30670 A20 

Dec9« 31130 18.10 30690 A30 

Fab 99 311.10 -630 

EW. i M et 458 0 0 Tan te es 86462 
Tun Open W 191531. off 9.9B5 

25000RK. -cents par lb. 

Dec 97 8540 030 B445 +0.15 

Jan9B 8530 8430 8480 -005 

Fab 98 8640 85.10 8565 +020 

Mar 98 8630 8580 8646 +020 

Apr re 8635 86.10 8635 +020 

May re 87.30 8680 8620 +015 

Jun 98 8*40 8670 8640 +045 

Juire 8740 8640 8740 +045 

AugVfl 8740 OKU 

eh kam 11400 txm sate am 

Tun even bit 69411. all 1X47 


5800 trey a- cote Mr tray ol 
D ec 97 52400 51580 522.10 each. 9.433 

Jan 98 52440 unch. 35 

Feb « 52730 and* 

Marra 53130 52150 529JO undL 63414 

May I* 51400 52500 53340 +040 &7B8 

Juire 53630 527JJ0 535.30 +180 5,181 

Sap 98 537 JO +140 782 

DK9S 54440 53BJB 53960 +180 4426 

Eat. 22400 TVn rate 42,970 
Tun Open W 942S7. ofl 4661 


90 tray oz-- doBen per burnt 

Jon W 38400 37340 3030 +330 10K» 

Apr re 380 00 37*00 379.90 +340 Z7J1 

jmre 37840 37680 276.98 +380 102 

EM solu MA. Tun sate 11 56 

Tim open U 11151, up DA 

Ctae Piteous 

Al msm Dflgk fttee) 

Spot 158140 158240 156740 154940 

Fftraard 1*0340 160440 159540 159640 
{Hlgk Grade) 

ft 1850ft 184240 18*440 



Fab re SB. U 96.9} 5733 +140 

Mar 98 y.W KJJ5 5*3S +MJ 

May 98 57 JO 5680 5740 +035 

Eat. tees U92 Tun rate 1460 

‘Ten open wejm, otf 40 









+B 60S 
+3 4X411 
+5 1U41 
+4 4358 
+4 1730 
+4 9474 



10 mtee ms- S per <re 

OK 97 1553 1540 1552 

Mar 98 1584 1571 1582 

MoyW 1412 1M0 14J2 
-MW 1632 1424 632 



- Sm +2.10 U65 

- MorW 15780 15045 15585 +345 12.705 
-MorW 19030 14550 4925 +28S 4189 
■ MW 14430 14140 1408 +JW 2» 

- 3^98 139 JJ 13925 139 JS +240 1,147 
t*f. teas 6410 TWs rate 4971 

, Tun opea M 22794 PH 471 


; Marre to U^ rt *{So l ‘ 1224 +flffl!0^ 

S ' Maym 1220 1215 1248 +M2 3MM 
W 11.91 H87 1W0 +C8} J48B4 
W 1153 1189 11-73 +M1 UW 
■' Est rate «8« Tlteiate W4IE 
'^non epn M 1954I1& UP 11 B 

631040 622040 614500 615580 

430540 8J1040 624040 624540 

583040 584040 578540 579580 

575540 576040 573000 573540 

5aal 114100 114500 113080 113980 

FwwmU 116400 116780 116400 116580 

High Law area Chge QpM 



11 iqUBon-fCsatlOOgd. 

Dec 97 4*94 9*90 0493 +082 L564 

Ms 92 9406 KID 9586 +081 5.901 

JUI9B 9401 9498 9499 4101 792 

Sep* 9497 unch. 23 

EsL rate 865 Tun sate 727 
Tun open tat 12281 op U7 



Dec 97 108-14 108-02 1 06-07 -04 164229 

Est.ute 119,900 Ten tees 107.789 

Tim ap«M 249,952 an 389 


Dk97 111-26 111-16 111-20 -02 25*519 

MkW 111-18 111419 111-12 -03VS4Z36 

JHW <11-12 11T-W 111-10 -03 223 

EN. sate 1SUOO Tun ten 137A06 
Tun ap«8 U 403977, up 163 


(8 peMIOOOOOut. 432086 OflOO pd) 

Dk 97 119419 UM2 11940 + 01 345089 
MorW 119411 118-16 118-29 +01 324695 
JeoW 11*41 118-11 118-19 +03 15357 
Sep 90 118-W 11*10 118-10 +02 3847 
EsL rate 404000 Tim SOlH 467,954 
lunopreu 69ZSUL up xm 


Esaooa - pa 4 3Mui leopu 
Dec 97 118-79 118-11 11*26 -M3 HUM 
MorW 119-20 T1MI 1IM* -MB 70717 
EsL rate: 127,181. Pm. ten 135336 
Pm open M; 182^71 oR 5631 



Mcrffi 10386 10281 10303 -VH 9UB1 
EstSCMec 143450. Pray, teen 155760 
PmopeblAi 27M59 M29 

Wsh Low LaM Chga OpM 

17500000 -pa at 100 pd 
Dec 97 100,14 998fi 10086-088 109.144 
Mar 98 9980 9980 99J6 -088 29814 
Juire 9980 9980 W.W— 088 12 

Eat rate; 14481. 

Open In*: 13*970 Up 7884 

iTL 200 npaon - pd oi 100 pd 
Doc 97 11386 11385 11380 *0.10115875 
Mar 98 11385 11374 11385 +089 17882 
Est sate: *9.770. Pm. rate: 4*734 
Pnv.apenhL: 132J57 up 9857 


S3 vMkm- dC$ at 100 od- 

Dec 97 fU15 94M 9480 4L01 22811 

Jui9« 9*29 9477 9428 Uncti 7856 

Feb 98 9428 9425 9426 anch. 1*97 

EiL tew 4927 Tun rate 7880 

Tim open M 37.i57.up 2,25* 


Dec 97 9414 9412 9412 -081 436860 

Feb ft! 9419 9418 9419 -081 921 

Mar 98 9420 9*17 9417 -082 453187 

Jun 98 9415 9411 9412 -0.01 361867 

Sep 98 9489 9485 9406 -081 262809 

Dec98 9480 9386 93.97 -081 210233 

MOr 99 93.99 9L» 93.97 881 160*16 

Jun 99 9194 93.92 9393 -081 1XUI3 

Sap 99 9391 9388 93.90 881 97J03 

DOC 99 9385 9382 9384 881 92.158 

Mar 00 9387 9384 9186 881 73A37 

Jim 00 9385 9382 9384 881 59870 

Eat soles 243194 Tun tees 29*791 
Ton open MZ7V47TT. up 10498 


62800 pounds, 5 par pound 
OK 97 18776 18674 18722-08016 54710 

Marre 18688 18600 186*888020 1,917 

Juire 18500 1 85*0 1 8572-08018 75 

EsL sate 8.943 TuA sales 24536 
Tim open kit 58201 of! 1,203 


loaooo dotora. S per QJn. Ok 

Oee97 7067 7023 7028-08034 69J35 

Marre 7104 7050 7059-08035 4397 

Jun 98 7100 7075 708448037 LU8 

EiL sate M47 Tun rate 4993 

Tim open H 77709, up 588 


12£0«I rates. S per marts 

Dec 97 8733 8679 868548036 64744 

Mar 98 8765 8709 871448036 4496 

Jon 98 -584* J738 87*1 48035 2,739 

EsL son 24440 Tun tain 19710 

Tee* open M 74884 up 1760 


128 KtBan van S par 100 te> 

Dic97 7903 .78*3 7888+08011124436 
Mar98 8016 7977 8002+00010 4825 
Jun 98 8125 8104 8114+08010 333 

Est sate 1*705 Ttm rate 29J&S 
TUet open M 133812, UP 3869 


123830 Ranos 5 par bane 
DK 97 7113 7054 706548030 44816 

Morn 7170 7123 71334.0030 1579 

Jun 98 720148039 438 

EiL teas 11861 Din rate 11,900 
Tun open M 54947, up 44 


0*9? P !l2n0 12092+80156 14955 

MorW .11650 .1120 .11637+80213 9718 

Jun 98 .11250 .11240 .1)245+80156 1959 

EM rate 14W Tun rate 4837 
Tun Bfte H 32790k aft 41 

£500000 - Ms at 100 pd 
Deere 9284 9280 9282 -084 143825 
MorW 92J1 9125 927H -086 122871 
Jun W 9282 9126 9130 -0X6107712 
Sep TO 92X3 9285 9140 -087 11X70 
DK98 9161 9152 9157 -087 74504 
Mar 99 9179 9172 9278 -086 59X38 
Jun 99 9294 9289 9294 -085 54800 

Eat late: 91X08. Prav.iotar. 77.920 
Pny.apenhl: 724569 op 11*58 

DM1 mNton - pHef MOpd 
Dbc 97 M20 96.18 9680 Unch. 290754 

Jaire N.T. N.T. 9420 Undl. 10,175 

FAN N.T. H.T. 9414 -081 7W 

MarSfl 9688 9405 9409 -081 324X66 
Jun 98 9SX9 9SXS 9588 -481 297X32 
Sap 98 9471 9467 9470 -481 217J14 

DiC9e 95X1 9447 95X0 -481 194134 
Mar 99 9585 9482 9584 -4X2 185X98 

Jun *9 *419 9415 9417 -4X2 100859 

Sap 99 9403 9401 9403 -4X2 84877 

E*t. sate: 111X63. Pm. late 17M8J 
Pnv.apwhlL; 1X718S2 up HS4U 

Caere 9681 9685 9637 + 0XH 54116 
MorW 9688 96X5 9687 UodL 57.153 
Jun 98 9487 *484 9411 UodL 34744 

SnM 9469 9466 9468 IMS. 21932 
Dae «| 9452 95X0 95X0— OJO 24.148 
Mar 99 *438 *585 93X6 - 0X1 43X61 
EM SOte 37X51 
OpeofaL 264567 alt l 

ITL 1 nmen -pa at too pd 

DK97 93.92 9385 93X1 40821U423 

MorW 9*69 *443 9448 +481 119X37 

WBh Low Latent Oige OpW 

Jun 98 9414 *410 9414 Unch. 127X95 

Supra 9580 9423 9429 +081 74113 
Dac9B 9429 9425 9589 +0X1 59829 
EM sate 47X80. Pm sate >1,156 
Prav.apanlntJ 554443 up *447 



50000 te cona per lb. 

Caere 7080 7083 7088 -057 1834 

Mar 98 7185 7045 7073 -047 41,178 

Morn 7240 71.96 72X1 -042 13X5* 

Juire 73JO 7100 7183 -0X8 13425 

0(298 74JB 7486 7487 -054 *60 

EaL teas NJL Dm rate 6X23 
Tun eprai tat M644 all 356 


* 2.000 gat omN par gal 
Deere 5541 52J0 53.10 -289 11X85 

Jan 98 5685 5420 5489 -l.VJ 49.125 

Feb 98 SUV 5480 5489 -143 19X5* 

Mar 98 5410 5*40 5471 -146 11245 

Apr 98 5580 53X1 5181 -181 6539 

May 98 543D S2X6 5286 -1.11 4X67 

JuiW 53J0 52X6 52X6 -186 3X03 

EM iota NA Tim solas 37.777 
Tim apan bri 121X64. oft 6X32 

1800 bbL- daPan perML 
Jon 98 1972 18.96 19.15 -0X8 108X75 

Feb W 1988 1980 1985 -0X5 51X67 

Marre 1988 1980 1947 -0X1 29401 

Apr 98 20X1 ire*7 19X5 4U7 1B84S 

May 98 19.92 19X0 19X9 -042 19JW8 

Jun W 79X5 19X1 19J9 -03* NAB 

EM softs TLA. TOM tem 56560 
Tun open M 395478. up i.m 


laooo mm btn I par am Mo 

Jan 96 2480 1515 2X78 -0882 50.966 

Feb 96 2X50 2420 2487 -0X52 2i54B 

Mar9B 2405 2295 2337 -0X50 19887 

Apr 98 2260 1180 2210 -OX15 11,189 

NtayW lire 1160 1185 -0813 0786 

Jan 98 1193 1160 2180 -OX12 &27B 

Eat. ante KA. Tun rate 31174 

Tun open Int 209X52. oft L3U 


42X00 ooi caps oar ubI 
Deere »X0 5781 -127 6051 

JW 98 5840 56.75 57.11 -1X7 31325 

Feb 98 5S4S 57.10 57.36 -1. 11387 

MorW 58X0 57.70 57X3 -188 1799 

Apr 98 6185 6043 6043 -183 7.973 

MoyOB <023 -MB 6327 

Jan 98 60X0 5948 5948 -1.13 4933 

JM98 5980 58X3 58X3 -188 1594 

EsL sate MA. Ton sales 36+476 
Tun open W 80270 off 296* 


UX. Oaian per nelric ton - Ms el 100 Ians 
Dfc97 17AM 170X0 17185 —185 1M70 
Jan 98 r74JS I49J5 IWL25 — IXI 1 8,398 
Feb9* 17150 169X0 17050 -075 11134 
M»9B 171J3 168X0 14985 -OTS 8887 
AM9B 14975 167X0 16775 -050 4472 

May 98 168X0 167X0 166X0 -025 1304 
Jun 98 16880 165X0 16680 -025 88*1 
Estates: 36423. Pie*. sate : 14806 
Pra*. open bit J88X44 off 2230 


UJ. dates par bate - laa a 1800 bands 
Jonra 18X7 1886 1856 -053 61X98 

Fab W 18X6 1840 18X3 -0X2 54904 

MorW 1879 18X8 1BJ0 -048 14.139 

Apr *8 1871 18X3 1846 -045 7J4* 

itor» 1845 18X0 1841 -444 6912 

Jon 90 18X1 18X7 18X8 -04) 117*7 

EM sate 51X00. Play, tees : 37.1 81 
Pte. open hi: 169,711 up 1418 

Stock Indexes 

DW97 95970 *4870 93120 +150 367,943 
Marre 77080 964.10 96610 +410 26234 
Jun 98 98080 *7460 *7630 +410 5461 
Eri. ites HA Tim sate 107X13 
Tun open M 4012*6 up 4X22 


Doc 97 *9408 48718 4*050 +358 6L396 
MorW 49638 49638 49518 +358 7X28 
EsL rate 5X59. Prav.ttec 7X29 
Pm. open hL- 69724 off SO 


FF 200 per M« point 

Nor 97 7831 8 28010 28188 +338 17X69 
Dae*? 28368 261 BJ 28245 +338 37X58 
Jonra 2S40X 2831 8 28328 +33X 4312 
MarW 38538 28385 2S4BX +33X 16989 
Jun re SOU 28)38 28)78 +318 1X26 
EsL sate 37X9*. 

Opea bit 88X64 up 424 • 

Commodity indem 

am Pmhns 

Moody's 1X11X0 1X1530 

Rautm 1X0X7D 1X0870 

□J-FiMms 146X5 14177 

CRB 22155 235X9 

SoarKBKMatN, Associated Press. Lotnto/1 
MJRoaneUFVtom EstenpG Dtf7 


Wednesday's 4 P Jl. Close 

The 300 most traded stocks of the day, 
up to the dosing on Wal Street. 
TtaAssodatecf Press. 

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7837 JO 7*4650 7794S3 77*471 -1417 
255UB 236M 2541X4 2546*9 +L7* 

ana 62ft 6 oft 

46ffl3 106 101 

^ 10?ft 107ft 

Standarti & Poore 


Hftb Lae 
Industrials 1113X41102781109X4 11(798* 
Transp. 676X6 668X9 66881 671X2 

219X4 717-05 719X0 21941 

11276 111X0 11249 11276 
95447 94471 95082 951X4 
45846 45349 45789 45787 

42016 Mftb 

■ s 4 

36173 4Rb 43ft 


39E IS2L 

mo cm. 

lift +29b 
106 +4Vn 

ions +2ft 

48ft -1ft 
32Vb +*b 
14*b _ 

3nSI JftS 

® s 

*3ft -ft. 

ran -9b 
62ft -1ft 


1ML MR Ih 



praHHl24579 1246W +1. 

i^s ]^s 

20658 229340 22974BHi 
105541 1043X1 105091 



1» Left 



<6071 66149 


Daw Jones Bond 



20 Bands 






10 Industrials 




sis y™ 

*2778 77ft 76ft 76ft +fti . 

VE J£* 13 % 14, R + ^I 
gS fin AS S5 

57056 rai m ns in 
43rb Qft 43U +Vb 
. 32ft Xb 
. ...ft 31ft +1* 

57 23ft lift ^ib -l 1 *, 

... 27V, +l«b 
38 38ft -1ft 

>+* loll dy. 

9S^e 95ft +ft 

ira A -i 

7724 35ft* 34tb 

IV. jffi ta 


Trafing Activity 




Market Sales 


Ttey no*. 

484X* 6^59 

2641 38J1 

468X1 6*2-00 



Per Amr Rue Pay 

12-5 12-19 


Muni Inca Tr II 
Muri Inca Trill 

_ 8108 12-5 12-1 9. 

- J1IM1 12-5 12 -19 

- 8807 12-5 12-19 

- 8272 12-5 12-19 

_ 87 12-2 12-12 

hi ineo Advil 

Per Amt Rec Pay 

- -1123 12X 12-19 

- 86 12-5 12-19 

- -18 12-15 1-15 

- 18912-26 



Co Vest B olus! nc _ X8 12-13 12-31 

CtejftrtGrand n - .03 12-26 IX 

Mafiala Invest n - .12 12-8 12-15 

Tri-County Bcpn - .1012-10 12-31 

AppBed Sdenoo Teeti 3 far 2 spBt. 


Vnfcy IndBkCA - 2% 12-25 1*18 

Beefcm Diddnson O .14512-16 

Haywood Bndisn O .15 12-16 

Homd Foods q .16 144 

NontranCoip Q 8212-12 






Canmrd Assets c 4312-15 1200 
o- Includes .17 tram capital galm: 



.8483 12-5 12-19 

ACM Man 

B lock HR . 
Conmd Assets' 

JDN Realty 
Medford Sun 
N EngtedEfod 
Sarortty FMCp 
Tom CO 




M.112S 12-5 12-19 
0 JO 1140 12-1 
.77 1-9 2-2 

-20 12-12 1-7 

1712-15 12-30 
70 1241 24 

.18 12-15 1241 
■175 IM 12-18 
80 12-12 12-23 
.16 12-5 12-19 
.T812-15 1-15 
-5912-10 1-2 

40 12-15 

•2712-17 1241 





U^L Stock Tables Explained 

Sales flpunra «• unaffldaL .. 

current were, Iwliwlltielotestt 

pantetornwmhw been potdttByoaraWgft-fow range QrtddMdondomMiownibritwKS 

Moda wi l ^ ii^ MUi rttranute noted, mteottBvIdw to ora oiwuoldbburstnBnfch fi ^Qll 

a- dividend atoa tote W.b-onnud rutoof dvWmd phn stock HMdwid. c- Bauumw, 
(Hvkforid cc -PEncndsWxM -colfodd- rraw yearly («.. dd - Ids. bi 
■a - tfvftfsnd dedsred or paM ftr mcedlno 12 months, f - anmial rate, fooftaradcmM 



action Mom at tafosf dMdmd mreflno- R - dMdsnd dedomd or poW 
wsumutattw Issue with dMdaftds In orreats. m - onmmi rata, reduced on Iqm 

L^ ^ gBaaaeaaaaBaS 

Block MpiKedfoB 12 fowdt^wIMwfod cosh wiut on fljMhddfndarax-dbhftunnE 1 *^ 1 i . 

jn a lnNfl hHHwww WHPI wanww, x m ttriltwinQ of mlwIitL rti ■ a* .rnwipow iWiiu 

l , 

{ iWn 


i>Mj t 

'« a 


Banks Approve Cut 
In Eurotunnel Debt 

raaysilKs® jKg.rsf&ns 
isssr"*"- 1 ®* 


j , . ■ — j-o-"/ muAiuuiMioi ueai uaui&auu. 

• in tj imr t “* “f 1 OTttm 8 kept capital tied up indefinitely. 

5? ****• ** banks '‘There wasn’t rMT^aaodiWe 

3S5JSS5^‘ a50 P^ tstake * a^a^V'Ric^Haimah of 

° ld S^ approvcd reach this stag<£ «nd5 anyonchada 
, t the restt«mnng plan tbs summer, different proposal ii would have 

^ afew . for all 175 taken evenmoxetime while the ton- 

different proposal ii would have 
takfcn even more time while die tan- 

Eurotunnel, which operates the 

The chai rman of Eur o tun nel, 

Patrick Ponsolle, called on the Brit- 
ish and French gove rnments to . 

fV.. r „ 

, u : I o«ia^mItamclbet»4nE n gla5 ^ * a 
^.and Fraooe, has posted losses total- tending the company’s concession 
\ m 8 £1-9 blbon m the two-aod-a-half to operate the iS ' 

. __ The two countries agreed in July 

l ¥ _ . _ to extend the concession from 2052- 

’ t Li 9 -Month Front Soars to 2086 - V* &*&*&*& agreement 

i -u; J ° tos contingent on Eurotunnel pay- 

* 4 jfV ai o ing the two governments 25 percent 

Alld Lufthansa OOSS °* ft® after-tax profit from 2052 

■' ** thmnah OtVt/. hut Rr i t ain nAnl ie 

\ V. * -- 

“/ v pretax profit of more than l billion 
-.Deutsche marks ($57 1 million). 

, - 1 , Pretax profit at die German car- 
prier, which was fully privatized in 
October, was 975 milli on DM be- 
„ cause of an increase in passenger 
—and freight traffic. Sales rose 13 
percent, to 17.1 billion DM. 

‘ “I can say already today that 
. 1997 will be the most successful 
■ year ever in the history of Deutsche 
■Lufthansa,’* said Klaus Schlede, 
chief financial officer. Lufthansa 
expects 1997 full-year operating 
profit to be from 1.2 billion DM to 
1 .3 billion DM, Mr. Schlede said. 

All of Lufthansa’s units achieved 
double-digit growth rates in the 
’nine-month period apart from its 
LSG catering subgroup, it said, 
j ' One cloud on the horizon remains 
' its domestic business, where die 
group is still suffering losses. 

Mr. Schlede said Lufthansa had 
been hurt by the difficulties in Asia, 
adding that passenger volume did 
not grow as fast in the latest quarter 
as in the first half. (Reuters, AFP) 

through 2086, but Britain now is 
■ *Its Best Year Ever Eurotunnel units, die equivalent of 

„ _ one share in Eurotunnel SA and one 

• its British sister company, Euro- 

- • FRANKFURT — Lufthansa AG tunnel PLC, closed at 6.20 fiancs 
' .-.on Wednesday reported a 125 per- ($1.0 6) in Paris, up 0.60. In London, 

- .. cent increase in pretax earnings for the shares ended at 63 pence ($1.06), 
.. the first n i n e months of 1997 and up 3. The shares’ mice has falle n 90 

said it was on coarse for full-year percent since 1989,'driven down by 

cost overruns that contributed to the 
mounting debt, construction delays 
and a fire that crippled part of the 
tunnel last year. (AP, Bloomberg) 



Russian Pay Protest 

Worker Violence Rising Over Arrears 

Sauers union leader, Mikhail Shmakov. 

MOSCOW — A man on the said nationwide protest actions 
Russian island of S akhalin nailed would resume unless wage arrears 
his hand to the wall to protest the in the public sector were paid off, 
fact that his wages had hot been the RJA news agency said, 
paid jOTmontos.toe Interfax news President Boris Yeltsin, real- 
agency said Wednesday. izing the political sensitivity of 

It added that die man, who re- the debt, which affects millions of 
c caved medical attention, families, demanded in July that all 

threatened to use a stronger metal arrears be paid by the end of the 
staple next rhw. if his wages were year. But government officials 

noyjaid. voiced doubts this week that this 

Three of the man's colleagues target would be met. 
at a wood-processing plant on Tax revenues are running at 
S akhalin , offRossia’s Asian coast about half of their forecast level, 
just north of Japan, started a huh- causing the Internationa] Mone- 

ger strike this month. Two of them tary Fund to suspend payment of 
have vowed to set themselves its $10 billion loan to Russia, 
ablaze if their wages are not paid The government expected to 
by Thursday, Interfax said. increase its revenue through sales 

Millions of Russians have not of stakes in several major oil 
been paid for months, and the companies by the end of the year, 
K alrhnltn incident ia nnly one of the but those auctions have been SUS- 
more dramatic examples of work- pended, depriving the govern- 
or protests, around toe country meat of immediate cash now. 
aimed at resolving the problem. Figures from toe State Statis- 
Reports of hunger strikes and tics Committee showed wage ar- 
even suicides also are frequent, rears totaled 553 trillion rubles 
especially in Russia’s more re- ($93 billion) as of Oct. 1. 
mote regions, where the econom- Of that total, 10.2 trillion rubles 

ic situation is particularly dire. was owed to public-sector woric- 
Interfax said that 13 public-sec- ers on the federal payroll. 
tor workers in. the Magadan re- The first deputy prime minis- 
gion, also in Russia’s Far East, ter, Anatoli Chubais, said this 

over unpaid back wages. 

ossia’s more re- ($93 billion) as of Oct. 1. 
aere the econom- Of that total, 10.2 trillion rabies 

rticularly dire. was owed to public-sector work- 
jat 13 public-sec- ers on the federal payroll, 
he Magadan re- The first deputy prime minis- 
lssia’s Far East, ter, Anatoli Chubais, said this 
a hunger strike week that toe debt, which is 

scheduled to be paid in equal 

The agency »l«n said 32 power- halves by the federal government 
station employees in the Yakutia- and local authorities, amounted to 

Sakha autonomous republic in 
Siberia renewed a fast Tuesday to 
try to pry from authorities over- 
due pay going back to July, and a 

26 trillion rubles. The issue of 
wage arrears is expected to top the 
agenda Monday when Mr. Yeltsin 
convenes his cabinet 

Gold Slips Below $300 on ‘Bleak 9 Outlook 

Bloomberg News 

of gold fell below $300 an ounce 
Wednesday amid warnings from 
mining companies that economic 
chaos in Asia could hurt profits. 

"Hie gold maiket is a disaster 
right now,” said Stephen Arthur, a 
manager in charge of mining invest- 
ments at UAL Asset Management in 
Johannesburg. ‘ ‘How do yon play it? 
You don’t Yon sit and watch it” 
Shard Tfarirfol, a trader at 
Deutsche Morgan Grenfell, said, 
* ‘Things are looking very bleak,” 
On Tuesday, Anglo American 
Cojp.’s chairman, Julian Ogilvie 

Thompson, said the weakness in 
Asian economies was expected to 
hurt toe stock, and he said the com- 
pany expected no growth in full- 
year earnings. 

Anglo American, toe world’s 
biggest gold producer, also said it 
would buy out minority owners of 
its gold units to create a $4.2 billion 
company devoted to gold mining. Its 
reorganization is designed to cope 
unto gold prices that have fallen to a 
1214-year low. 

While Anglo American’s an- 
nouncement was welcomed as a step 
toward the reorganization of the 
conglomerate, traders said the com- 

pany could be fi ghting a losing 
battle, with the gold price showing 
little sign of recovery. 

"What hope is there for gold any- 
way?” said Vaughn Webber, a 
trader at Genbel in South Africa. 

The Johannesburg All Gold Index 
tumbled 7. 1 percent, or 57-5 1 points, 
to 754.60. In London, gold fell $3.70 
an ounce to $297.00 amid concern 
about more central bank sales of toe 
precious metaL Prices also went be- 
low $300 on toe New York Com- 
modity Exchange for toe first time 
since March 1985, with gold for 
February delivery at $299.20, down 
$3.10, in late trading. 

In Gesture to EU, 
Italy to Sell Part 
Of Alitalia Stake 

PAGE 15 

Bloomqerg News 

ROME — Italy. said Wednesday 
it would dilute its stake in Alitalia 
SpA to about 60 percent from about 
85 percent, selling shares to private 
investors rather man injecting more 
government money into the state 

The move was expected to please 
the European Commission, toe 
European Union’s executive body, 
because it would trim by 340 billion 
lire ($200 million) the government’s 
share of a 2.75-crQlion lire assist- 
ance plan for Alitalia approved by 
the commission in Inly. 

Instead, minutes after toe plans 
were made public, the commission 
said it may reopen an investigation 
into the assistance plan. 

The stale holding company Isti- 
tuto per la Ricostnmone Indus triale 
SpA, which had an option to buy the 
snares itself, said it hoped to per- 
suade the commission to relax some 
of the restrictions it imposed on Al- 
italia in July in approving the as- 
sistance plan. 

A commission representative said 
she was “seriously concerned” 
about Alitalia’s implementation of 
EU conditions for the bailout 

Trading in Alitalia shares was 
suspended Wednesday 

VW Plans to Build 
A New Small Car 


WOLFSBURG, Germany — 
Volkswagen AG said Wednesday it 
would build a new small car called 
the Lnpo at its main Wolfsburg plant 
starting next year. 

The Lupo would be VW’s latest 
attempt to Wild its share of the small 
car mazket, which faces fresh chal- 
lenges from the likes of toe Smart 
car now being built in France by 
Micro Compact Car AG, the joint 
venture of Daimler-Benz AG and 
the Swiss watchmaker SMH AG. 

Sources said VW would have ca- 
pacity at its Wolfsbura plant to build 
toe new car after it shifted production 
of its Polo model to a plant in Spain. 

Although toe Lnpo would be a 
high -mileage car, VW said it was 
not yet prepared to introduce a 
‘‘three-liter” model, referring to a 
vehicle that can travel 100 kilome- 
ters (60 miles) on three liters (0.8 
gallons) of fueL 

I***; -.FT5E. J06lnde*, GAC 40 ...... . 

$ 4500—— - — — 2 5500 : * 3109 — - ■ -. 

j| 4300- —f\—k — :! 5300 -hr— [ 3000 A A - 

> 4100 — ' 5100 TT-J4— ; 2900 'p-tyf-H 

I 3900 -4- ¥| U •; 4900 - Wifi -U ; ZBOO-J f - U 

jj 370o/ p— 4 Ar 2J00jT— |L 

>: 3aB 'j - j a s o n -! ' ^jTaToX 2 ®°j j a s'o“n” 

j 1987 1997 1997 

;p88a^--risa®r;v. - /• **&**&£& 

. 3S235 g71J22 -t-1^8 


VWJS -3^q;id -0,46 


i&a "* : :■ -w«j» ; -4,863.60 ^aio 

SiS-". L r V «W» 5^.10 io7« 

: 2,78626 +091 

?! ; 3^g7^: 3^oaa? * 

r • 1|256.06 . 1,26024 ^ 

ism ■■ ' . V,/ • 3^18.13 3^flOS5 fl.05 

Source: Totekuts lnKmau>«ul Herald Trihunr 

Very briefly: 

• Germany’s Parliament approved the purchase of 180 
Eurofighter combat jets for 23 billion Deutsche marks (51 33 
billion), eliminating the last obstacle to starting serial pro- 
duction next year. The Eurofighter is being jointly developed 
by Germany, Britain, Italy and Spain. 

• Compagnie Financiers de Paribas SA said its planned 25 
billion French franc ($4.3 billion) purchase of the rest of its 
partly 'owned units Compagnie BWcaire SA and Cetelem 
SA would enable toe banking company to achieve a target of 
15 percent return on equity in 2000. 

■ Grand Metropolitan PLC's institutional shareholders 
voted overwhdmingly in favor of the proposed £24 billion 
($40 billion) merger with Guinness PLC. 

• Cegetel, poised to become France Telecom's main rival, said 
its long-distance phooe rates would be as much as 64 percent 
below France Telecom’s. Cegetel, controlled by Generaie des 
Eaux SA with British, German and U.S. partners, also pledged 
that it would beat any future price cuts made by France 

•Koor Industries Ltd. of Israel said third-quarter profit rose 22 
percent from a year earlier, to $38.3 million, powered by 
increased exports of telecommunications, electronics and ag- 

•Groupe Publids SA’s attempt at a hostile take over of True 
North Communications Inc. hit a snag when the Chicago- 
based company publicized a letter from its largest client, S.C. 
Johnson wax, saying it would pull its advertising business if 
the French company’s takeover bid should succeed. 

• A Bavarian consortium backed by toe German state plans to 

take a 95 percent stake in Grundig AG, the German con- 
sumer-electronics maker. Grundig is due to receive a 267 
million Deutsche mark ($153.2 million) boost from the con- 
sortium soon. Reuters. IHT, Blvomhcrj: 


■- i 

Wednesday, Nov. 26 

Pricu In local aitrendw. 


Mflh Law Qua Prav. 


•■**"*' •; 

* BoonCSk 
Bob Wen c« 





.‘IMG Croup. 
- KPN • 




Ronoto ^ 
■ VNU 


3BJ0 3130 3&4Q 
M7J0 1AS.10 t<l» 
5180 S2JD 5120 
34420 341-50 342 

137 JO 134 13430 
3040 30 3020 

10440 10240 10220 
181.90 179 JO 10140 
3120 3240 33 

SIS® 8090 8120 
69-40 61 «&* 

51.10 49 JO 50.90 
89 86.10 88*60 
338 33230 33740 
80 87 87 JO 

H 77J « 77 JC 

an 80 8020 
7150 7020 7130 
4340 4140 O 
SI 20 79 8020 

4940 424® 4240 
5740 55.70 5720 
22180 220 22130 

13440 131.60 13110 
10430 10220 103 

7540 74 75 

186 18150 1B4B0 
Si70 54.40 5620 
17430 17130 174 

119JD 11820 11828 
10520 10420 10520 
11540 71420 JJSf 
10220 10140 10240 
OM 4720 4740 
258 253 256.10 


~AdvhdoSK SOS 
BantfuABkF 129 
KnngTMBk 1225 
PIT E>ptor 378 
’ Son Cement F 370 
SWiaCoaSkF 66 
-Tettoomiia lire 


■UWCornm 2625 

Bombay * 


SdoSS? 1 " 8425 
ITC 581 

4SSI Si™ Q 

Slate B» India 22150 
SWAutaW 14 
—fata Eng Loco 317 




is aai*- 


'Forth AG . 



Powwfta . 


; Copenhagen 
BGBonk ■ gp «6 
DmSsca 351 344 J** ■» 

'-OWiDBMfcttt 79040 „ JW rtJSiSm 

.KSLSftqnil" S Su w 

. I © 3 s 

. Him Urn 

DwbdKBn* 1U35 1U3D 
DMdTatafcam 3545 35 

DmdnrBanfc 69.10 68A 
Fmenlus 27E 260 

RaeiduiMBd 114 11240 
Fried. Knpp 360 353 

Gate 89 8725 

HflMMbgZnd 139 137 

HmbdpH 10725 105JC 
HEW N.T. ' H.T. 

HOCtldef 7240 71^8 

Hoactata 6405 6215 

KaataM 60S 599 

Lafwtassf 7140 7720 
Unde lass ins 

LufltunaR 3248 3225 
MAN ■ 52640 519 

A to wemi— 815 80640 
IMd^aeftKhidtnJO 3180 
Mite . 81® 7920 

Munch flwdt R 5S3J0 542 

Pmonag 491 4B145 

RWr’ 87 JO 8450 

SAPpfd Sffi 

Sdwrfng 17120 170 

SGLCatoa 228 22140 

Staneu _ 10» 1(030 
SteJngerCA«n 1M ljjso 

Sutdzuder 890 885 

Unrom _417 412 

Vita 104.10 10325 

VEW 564JS S&J 

iSS % 

Qm Pri*. 

11120 11040 
3540 3450 
6840 6820 
265 366 

114 116 

88 8740 
138 13740 
10630 104JB 
N.T. 460 
7240 7020 
63 6150 
60S 58340 
78 78 

TOM 1833 
33L45 31.15 
52140 414 

815 792 

33J0 Ti «3B 
7940 77 JO 
54520 550 

490 47450 
8625 85.10 
50740 50720 
17040 16720 
22740 220 

18320 mass 

1350 13S) 

885 195 

41340 40840 
10320 10325 

sm sm 

I9S50 886 

mm Law . Oom Vmv. 

Sammcor * ■ 26 25 7tW M 

Saiai 5548 5120 5S40 5540 

SBIC 205 20340 20280 WtM 

ngerOoti 69 6740 6740 6740 

Mgh - Lm^: Oom Pm. 

Him Low dm Pw. 

Kuala Lumpur cm-^olu 

r P rU— 1. 54147 

AMMBHdm 3.1* 227 227 3.16 

Geoltafl SM 8 810 845 

AM Broddng 920 850 . 945 920 

UnHnOSh^F <42 324 324 AjM 

PWimGas 820 7M 820 BJ! 

Protao 5.M A3B 450 5.10 - 

PuNcBk 154 144 145 15) 

Rrniong T52 147 1J0 140 

RnnrbWorid 450 462 44 450 

RoriVWW PM 3025 2940 29^ 2925 

Stew toby 346 344 340 324 

Tetetaan Nwl 8.10 740 745 755 

TMMO 6.15 520 5J9 «® 

Utd Enotafea 340-320 324 324 

YTL 320 114 114 338 


Rente Worid 

Pj ihiiutei Dll 

wnHwia rivi 

State Dtwtrt 



Utd Engtams 


SET tadn 40129 
PndeoR 39631 

202 206 210 
121 123 120 

1140 1W 1123 

37TJ 37B 378 

346 350 370 

1325 1473 1340 

“8 "iS ^ 

MJ5 2625 2940 

30 tad« 20542 
pmfMK 347949 

j68 57125 57040 
13481370.25 Iffi 

462.25 47025 46140 
82 8325 OOH 

552 576 548 

218 221 220 
IV 16340 15650 
215 217-50 217.25 
1325 M 11H 
307 31140 31140 


AMBB .. 

AMR M4» 
jjfcM 418 


■ ss 
sas*< § 

77? wo 


□aantar&wn 10.10 

Drama 0148 

jifjcn iUJQ 405 


3840 3840 3U5 

5 «b «« 

7A50 7660 7160 
106 1« 
6423 *322 
7150 7270 72 

43.43 4220 *229 
1392 1295 178? 


Merita A 
AtatroB - 
Nokia A 
Orion- YWymoe 
UPMlgy romene 

Hong Kong 

4540 47 

121 220 
a 51.50 
76 76 

V 2740 
130 13240 
4SJ0 4620 
123 122 

428 434 

20550 206 

n 72 

11620 117 

7920 7940 

ii tra n raiwmii 


BELJO talngM ** 
Pnvmc 2M7JR 

mu lego 1590 1585 

1^0 tWO (P10 6510 

mg 9250 9260 

3389 3TO 3155 3075 
18675 W» 18^ 1W0 
1835 1800 IJgS Ug 

in TO S23D 8258 8250 

D65 3^ 3360 TOO 

7240 71W 71OT 

15B 1510 W® 

ISn 5280 5390 5M0 

•SB S 3 

i gs s s 

^ 2175 21W H« 
3150 3130 31^ J!5 
119300 118113 1MW0 117*50 





ijm H 








6J0 445 

1645 1620 
7JB 655 
5540 5325 
1630 1720 
39J0 3a5S. 
3U0 3050 
1B.M 1750 
525 5.18 

11J0 11 

69 6640 
645 -6-15 

3840 3640 
1355 OSS 
2645 2620 
.15 MAS 
2J5 rio 
187 18240 
■5240 SB.7S- 
16 1549 
2140 21 

13 1255 
29.15 2840 
210 245 


5840 5645 
249 240 

653 445 

6 440 

3850 38.10 
1620 14L65 
850 825 

680 655 

16S» 1610 
655 645 

55 S3 
1825 1740 
■ » M20 

31J0 30.90 
1805 1740 
LH 525 
•11.15 11 

6850 6650 
635 615 

3750 3620 
1355 1340 
2620 2645 
IS 1455 
813- 248 
T8S50 10140 
52 5050 
15JO 1540 
21 2140 


M SWi 
5775 56 

2i® Z4B 

650 450 

6 520. 

3850 3810 
1550 1560 
885 860 


Ariwl nM 





I ss^“ 



1125 1775 WH 1750 

525 <75 5W 525 

625 600 M «0 

7650 74SJ 7m 7SS 
1575 1500 1575 IMP 

3425 235® MW 

8150 0000 M00 rc» 

«00 4100 4725 4B00 

777S 2*25 2625 2775 

2650 2550 2650 UTS 


AtatatMl 9-0 

ARed Domed] 642 
AngOanWater &-« 
Ante 612 

AwoGTOJ - 143 

AtncBrFnodi 665 

BAA 456 

§2?». . 

BAT bid 662 

BankSctritaid 549 

BhteOicta 359 

BOC Group 940 

Booti 842 

BPBInd 842 

BritMmp 1601 

BritAOteara 656 

BG 274 

Bril Land 658 

Bre Petal - aa 

BaȤ 448 

BrttSkd 145 

BfiTakam 464 

HTR 2.16 

BuniiahQranr HUB 

Burton Gp 148 

Cable WMen 624 

CadbwySdiw 625 

Coriton Conuji 410 

Comtf am 

CoracmaGn 691 

CdutenUt • 222 

Dbm 680 

Rprknm mp nnwrft AM 

EAAI Group 449 

Energy Group 640 

E*niri*Ofi 686 

FomCotonW 144 

Gert) Accident 1085 

GEC 4 

GKN 1116 

GtaasBfctoate 087 

Granada Gp 853 

Gaul AM .... 549 

GfiE 306 

GroanOcGp 327 

GutaKB 545 

6US 7.15 

Hon 745 

HSBCMdgi ' 1443 . 

ta 899 

Imprrtaocca 356 

saesr s 

LandSec 960 

Lama 225 

LegdGeWGn) 630 

ItopteTSBGp 621 

UmteVtttiy L92 

Mats Spencer &2D 

MEPC - 636 

Mercury Ante 1645 

NaOoaaf Gita . 3M 

MW) Power sm 

NoIVtat 945 

Nad 745 

NoroMiDrtaa 166 

. l aS 

& l 

Pirataw. tmJB 

940 947 943 
549 635 

832 838 

604 610 645 

1-58 1J0 162 

640 548 558 

-Lao APS *37 
1445 1449 U27 
841 144 (56 

631 636 632 

450 456 457 

344 352 344 

945 943 941 

833 859 848 

331 138 333 

1623 I6K3 1620 
S44 653 548 

267 22® 22® 

641 647 649 

809 811 847 

429 443 434 

13® 148 141 

450 40 *53 

2JM Z10 209 

932 952 933 

145 148 . 146 

613 5J7 613 

615 621 616 

463 410 449. 

755 • 818 757 

6BS 635 650 

255 249 258 

663 677 661 

418 420 -426 

458 457 420 

K M K .1 






WPP Group 




fiaf*- 10 



Bo> Cento MV 








VUenc Cement 


" 755 



- 72s 



























Bebatadn: 59893 
PrevnaE 589.16 

I860 22670 21740 

2000 20&0 H®fl 

5890 5905 5880 

8730 8900 8660 

4430 4570 4400 

1395 1400 1375 

8230 8440 8100 

2795 2820 2768 

9000 9210 8940 

4360 4400 4310 

4410 4515 4420 

2750 2790 2740 

6870 6950 6800 

2730 2730 2710 

13H) 1315 1305 

7000 72® 7000 

1B75 1900 1855 

2350 2383 2330 

6450 6470 6520 

1473 1485 14BQ 

1380 11380 11600 

4305 4220 
1495 1495 1485 

2730 2770 2780 


Do Beers. I 






30JB 29J0 
258 257 

194 19840 
200 194 

135 133 

7550 7650 
7 650 

4630 4550 
21 2885 
103 10040 

40 3M0 
7 St 7.17 
75 7080 

20 20 
ZM 2J4 
S3J0 .5350 
33640 327 

12360 12820 
16» 16g 
K 872 0 
16 1S« 
109 10X80 
3825 VM 
3250 a 


Rural 4 Sun A2 54? 
Sofemy 335 

SoMtawy 4J6 
Stfmtas 18K 

ske* as 

SecwtOT 2Ji 

Sfiveni Trent 9JS 

la 1 "* 8 - S s 
s&r- a 
sas ti a 

Stag e tuud i 807 
Stand Charter 7 M 
TtrteSIyle *70 
Ttaai 4» 

nwn Water 939 
Slfimip *85 


i^AuMm 816' 
Utd News 7J2 


U3 163 
1004 9J7 

357 354 

OJ5 12J8 
73.78 058 
847 848 

551 568 

80S 298 
374 175 

551 561 

7J5 7JD4 
732 732 

1*35 1*00 
850 882 

3LM 351 
834 830 

Z72 2» 

956 958 

249 274 

616 523 
669 642 

1-90 130 

618 610 
536 533 

1681 1674 
ISO 3J09 
543 540 

■ 9 899 

7M 7,43 
364 360 
251 248 

&M 435 
814 8J7 

131 133 

748 757 

4J7 409 
69 667 

10 WJD9 
047 046 

8JO 032 
139 3J3S 
6 24 611 

250 . 248 

689 659 

237 2.94 

742 737 

933 932 

H S 

540 SM 

1850 1880 
687 632 

438 431 
271 270 

944 938 
616 428 
1058 1073 
172 142 

552 576 
806 774 

*45 455 

7.97 8 

652 676 
467 460 

477 4J1 

9J3 826 
*75 *79 

*36 470- 
007 011 

*72 *69 

532 511 

741 740 

Ando Load 
CAP Huron 
Manta SecA 
Metro Bank 
PM Long UN 
So nlMwelB 
SM Pitas Hdg 


Ada A 
B n nruri It 
dfro C 

Enp Mariana 













General Ante 







S Paata Torino 



Gt-Wetf LBeon 
Panr Cap 
Power Ruf 
Ol^bMV B 
Rotten Cnrorofl 

PSEtakro 179939 

13 1250 13 1275 

13^0 1125 1125 1150 
8950 1890 39 8950 

230 102 210 214 

7*50 73J0 74 7250 

285 277-50 2B3 M0 

335 3.15 335 3.15 

137 ISO 137 136 

8S) 865 870 855 

4450 4150 4450 4150 
550 570 530 570 

Baba tatae 415965 
Prevtan: 478737 

6130 6200 6140 
17-78 175B 1740 
3*60 3545 3*30 
1526 1558 1510 
4030 40J5 4030 
5210 5230 5130 
234 289 233 

»J0 2950 2930 
3430 3*?n 3480 
15080 151 JO 14880 
1978 19.H 1946 

P revt — K 15146W 

>455 15575 15270 
B15 4910 4780 

BBD 7050 6930 

1461 1485 1449 

1250 2600 24000 
1690 4710 4590 

1175 9180 9260 
I960 9970 10060 

875 4RJ5 4800 
QS0 38750 38150 
1050 12558$ 17955 
[940 29* 2950 

1S30 6685 6575 
800 8630 8580 

3375 1229) 12000 
418 1434 1412 

965 977 955 

[430 2450 2415 

3M 43C3 
B00 160* 15565 
000 24550 24100 
910 14315 14200 
1635 10790 105* 
605 6945 6900 

iKkntrMi indue 322U6 

Pnrtoa: 222865 

«I e! : si £ 

49 49 49 49 

1935 19.15 X93S 194 
3840 34 34H 3SU 

49U 4611 4BU 4935 

4135 41M 4131 42 

2180 23J0 2380 23.?.' 
22* 2155 2155 221® 
4430 fW 4355 4430 
44 431i MM m$ 

2770 27 JS 27 JO 2770 
6te 6tt 6VS 635 
8030 1865 TIBS 79J0 

Accor 1090 

AGP 33*20 

AtaLfewtds 917 
AkmAMh 726 
Axd-UAP 42680 
Banaoiro N.T. 
BSC 415 

bnp mm 

Coni Pin 1016 
Contour 3085 

CcBtno 330 

CXF 3831© 

Cctetau N.T. 

CMsflanDkr 5B4 
CLF-DeidaFmn 615 
QafflAgdoato 1115 
Danone 937 

ES-Aqultaliw 685 

ErtdanlaBS 914 

EmxBmey 755 

Eurohinnd 625 

France Tdeara 21650 

Gen. Eaux 780 

Havas 38150 

ImeU 677 

Urfaine 387 

Lgpmd in? 

V&tsA 2269 

LVAAH 1015 

AAfcheflnB 319 

Poiftoi A NX 

Pernod Baurl 302 

PeupeolOt 674 

Ploatfl-Pilnl 3003 

Pnxmda 2159 

Renault 166 

Rmte 1650 

Rh-PaufcncA 259 

Sanafl 585 

Schneider 32150 

SEB 747 


SteGaimde 773 

Sadmdte 3120 

SIGoboln 804 

SuezCOe) 15J0 

SuaLyonEwa 636 

9ndtitad» 738 

Tnomson CSF , 162 

TeUB 630 

Usanr 92.10 

Voteo 37260 

SSo Paulo ■ 

BtndeacoPfd 830 

Brahma Pfd nom 

CAG48: 211131 
PlHfWta 278*26 

M3 1075 1055 
JO 33178 333 

905 981 

715 726 712 

822 42190 42(00 
LT. N.T. 819 
JO 40810 394 

.10 279.10 265.10 
102 1000 996 

120 3070 . 2980 
(26 330 3Z7 

30 37830 360 

LT. NX 671 
572 574 

03 412 598 

113 1115 1144 

7 JO 7J5 755 

870 620 560 

212 21*20 211 JO 
770 776 764 

375 379.90 378 

660 669 668 

37720 38020 37160 
1095 1191 1090 

2225 2254 2212 

987 987 996 

31816 312J0 311.® 
NX HT. 44*50 
296 29930 30150 
649 662 647 

2953 2966 2962 

2118 2130 2104 

161 16659 162.10 
1607 1636 1630 

25810 25049 250 

579 582 571 

316 31890 31*30 
705 747 703 

39220 39950 38*90 
766 770 766 

3018 3100 3015 

795 B0] 790 

1520 1550 1*90 
616 632 615 

726 734 732 

142 15*10 

m 630 

9050 91J5 9875 
364 37870 36*30 



Dcmroo Heavy 











8* 800 800 820 
73800 72800 73000 72500 
51 JO 5000 51J0 49J0 
76J0 7380 7*0B 7259 
1300 1260 1i?0 12* 
52100 51*00 51400 50900 
50300 49100 49500 49100 
*900 3B5JJB 407.00 39100 
30000 29800 29850 295.11 
22*00 21900 22*00 21900 
12800 12800 13800 12650 
32JM 3050 3150 3150 
8* 800 8000 825 

115.03 11206 11*48 11250 
11*49 11*00 11600 11100 
11535® 11401 11*01 mao 
28500 77900 27900 27*99 
H W 32J0 3270 3300 
7J9 705 JM 7.10 

2800 19.20 19JB 19J5 

Cn^Mta tad— :438TB 

49900 47000 49500 47500 
6100 5750 am 5830 

12300 11100 11500 12000 
6020 5900 4070 5900 

13600 13100 13500 13100 
4250 3900 40* 4100 

20200 18500 19000 19700 
46200 44100 46200 45000 
3740 0 34500 37*0 34000 
44000 42100 43700 43000 
7120 6600 7000 7020 

340000 321 000 332000 330000 





OsWoA _ 
Petal GeoSoc 



12850 127 

185 183 

26 KJ0 
384B 30 

104 102 

41 41 

357 353 

363 30.50 
227 222 

IP 186 
610 .600 
44850 441 

127 12850 
122 121 
34V 341 

49 JO * 

13850 127 JO 
183 1*3- 

2890 26.10 
3810 SOJfl' 
183 10250 

I I 

224 226 

187 186 

605 609 

444 43750 
12850 124* 
122 123 

m 350 
49 4950 

Strata TtaeR 14S85S 

*56 456 458 

*24 *42 *18 

815 835 80S 

* «n J. AC tjK 
0U9S OB6 886 
13*0 14 T3.TO 

259 256 257 

7J5 B 7 JO 
2.18 822 118 
555 535 5J0 

2J0 2J0 7 ft? 

525 U5 SJ 
165 255 169 

454 *68 *60 

146 154 145 

870 855 870 

5J5 6 185 

350 406 352 

4J0 SOS 456 
1050 I860 1880 
450 *66 *60 

21J0 2160 21.10 
156 1J0 153 

199 3 3 

250 240 141 

871 071 820 

860 B5S 860 

■106 108 2 





Investor B 






S-E Bantam A 
Sbzidta Fon 

Sira A 
Sv Handels A 
Vohro B 

Hlgi Low Clan Pr— . 

- 6)0 606 
30650 31350 
343 3* 

690 687 

sm m 
220 216 
280 27150 
364 258 

234 229 JO 
175 17450 
17150 17! 

91 90 

392 38750 

307 SffiS 
181 177JD 
194 188 

TOS 10*50 
264 36250 
206 207 50 

Sydney , 


Arar - 

ANZBWno \10 jK 
BHP 2355 

Band 350 

Brambles tad. 29 

CBA 17J9 

CCAnwH 11.15 

CataiMyer 7J5 

Canada) 5J3 

csr *n 

Fasten Birur 168 

GomtaionHd 119 

ta Austnda 105® 

Lend Lease 3160 

MIMHdtP 1.10 

NatAMBank 1951 

Nat Mutual Hdg ZM 

HewsCwp 7J2 

PncKc Dunlop X06 

PtaoeerlnM 195 

Pub Broadcast 821 

Ho TWO 1*65 

51 Goage Bank 8J0 

WMC 456 

WesfaocBktafl 92 0 

WbafidePet 11 

Htoahwribs 453 

ABtudtawtai lime 

*26 *28 6*0 
9J9 953 9J8 

13B6 1121 13* 

3*0 147 138 

28* 2877 28-S® 
1728 17J5 173J 
1880 11.14 10JQ 
722 7J8 723 

M 5J1 i83 

*51 *70 460 

3*6 267 253 

115 .117 115 
10J0 1885 1050 
2SL38' 31 50JB 

1JJ4 1JB 1.08 
1927 1925 1928 
225 227 225 

7J8 769 757 

2.93 105 2. 95 

170 352 170 

816 821 816 
1625 1620 1*45 
870 8J0 868 

*27 *33 *56 

953 9.15 9.04 

1033 1080 1055 
*45 *49 *48 


CMOO lung hk 
C htaa Devetpmt 
Chtaa Steel 
Orel Bonk 
Fonncca Plasdc 
Nan Ya Plastics 
Shin Kong Lite 
UM Micro Elec 


Stack AtoMtadne 7698M 
Prevtooc 775957 

138 135 13550 136 

95 93 93 9450 

68 6650 6650 67 

91 » 89 8950 

2320 23 2120 23 

95 9350 94 9*50 

5050 *9 JO *9 JO 49 JO 
0350 101 101 10250 

5650 55 55 55 

5150 50 J1 5050 

94 90 9050 93 

123 119 11950 122 

35.80 35 3520 3550 

6550 6150 64 6450 

5650 5550 56 56 

IBU 225: 1604555 
Protons 1586752 



Bk Tokyo M9su 






DalUpp Print 


□cdvro Bank 
DiMn House 












































































Foul IK 


Full Photo 




Hoads Motor 






Javan Tobaas 
J um 

Sand Elec 

km* sit« 


Astro A 
Arias Copco A 


n SX 16 tatae 222721 
Pretoas: 3288 28 

9850 97 9750 97 

90 95 . 96 94 

19950 30040 200 

13*50 13150 134 12950 

% is-a **£ «a 

299 29150 292 290 


as" 6 ** 



Moteu Cean 
Matsu Sec Ind 
Mata €tac Wk 


AUtsublsH Am 

3S00D 3660a 3H®s 
2240 2330 2230 

5560a 5640a 5510a 
ia» 1820 1780 
4670 4790 4710 

626 626 726 

4550 4590 4550 
1370 IK® 1300 
1030 1030 1030 

906 910 921 

4250 4370 4230 

1DOO 1010 1050 

266 271 265 

EH 323 325 

5800 5800 5880 

386 398 381 


ZOO 2030 2090 
410 422 434 

2120 2160 2130 
1680 1680 1690 
306 296 

... 207 m 

686 696 681 

980 958 

126 126 
755 740 

428 419 

6100 6040 
_ 1880 1900 

ws W m 

275 295 327 

1970 2000 2000 

The Trib Index /ww«o«.<»rw. vo ***, 

Jut. t.-ime* too. --L rat Change Xefwoga y»er(oda» 

% dung* 

World Indent 168.31 -KX67 +0.40 +12.85 

Rdgioital InduHos 

Asia/Padfic 9553 +0.70 +0.74 -22.60 

Europe 187.48 +1.02 +0.55 +16.31 

N. America 212^1 -0.09 -0.04 +31^5 

S. America. 142 30 +3.05 +2.19 +24.36 

Muatrtal Indiana 

Capital goods 213.70 +0^7 +0.41 +25.03 

Consumergoods 202.40 +0J0 +0.40 +25.38 

Energy 192.68 -1.39 -0.72 +12.87 

Finance 116.35 +0.56 +0.46 -0.09 

Mlscetaneous 153.16 -0^9 -0.19 -5.33 

Raw Materials 167.95 +0.31 +0.18 -424 

Sendee 169.16 +1.99 +1.19 +23.19 

UtWes 161-68 +1 JBS +1.16 +1Z70 

7ha/nrsmoffarari Hotald Tifouno World Stock IndoxO tracks Oie U S. dollar values of 
2B0Memaltaivillyinv9smbU stacks item 25 countries. For more ntornmoae free 
booUat taavnftriA* by write® to The Trib bwx. (81 Avenue Charles He Gai&a. 

92521 NeuByCedex, Franca. CompSed by OoonEwg Mows. 

MBmH Aidam 

MBstd Trust 







Mpfian Steel 

Ntawi Motor 

Non urn Sec 

NTT Data 






Sown Bank 

Sanyo Elec 




Sekbul Haute 

Seven- Eleven 


SlUudai El Pwr 




Shizuoka BL 


1230 1290 

167 167 

376B 3760 
1310 1320 

1460 I486 

Nenbridae Net 
Nacen Energy 















W ,1 







Plow Dome 





Poco Peftn 











High law daw 

fiW 61 61ta 

23JU 22J5 23 

33.70 33 33* 

12814 127.10 127% 
13% 1135 M 

Sumtorno Bk 1530 

SuniRChem 435 

Suntairoo Bee 17* 

5umDMeM 265 

SuarB Trust 
TataoPtaan 3160 

TakedoCheffl 3660 

TDK 10300 

TatahuEIPwr TB90 

TakalBank &m 

TotSoBSarine 11SJ 

Tokyo BPwr 22SS 

TtAyo Electron 6200 

Tokyo Gas 
Tokyo Carp. 


Top pan Print 1678 

Tomrlnd 594 

Toshiba 555 

Triffinff T 705 



1420 1420 

10«b IQSOta 

mm 6(u» 

SIS 520 

263 268 

1600 1*10 
121 SO 12300 
365 365 

3830 3930 

1330 1390 

3® 346 

7600 7600 

5450 5520 

888 892 

920 923 

8350 trwn 
835 8* 

I860 I860 

387 390 

2850 2870 

1720 1730 

tow mo 
2030 2030 

10300 10300 
772 BOS 
1450 1470 

• *6 424 

1660 1670 

236 261 

678 696 

3039 3030 

3500 3500 

9900 9990 
1830 1870 

.560 591 

1110 1110 
2210 22 * 
5920 5920 

293 293 

526 540 

879 915 

550 550 

547 546 

14* T4HS 
705 705 

3500 3569 

30* 3090 

Rogers Conte! B 
Sea gram Co 
SbelCdn A 









Weslcoast Eny 



Bodde+Uddeb 860 
CndtonstPH 609 JO 
EA-GeneraB 29R1 
EVN 1565 

HuahotenWien 51150 
QMV 1766J5 

Oesi EleftSriz 1007 
VAStaM 479 

VA Tech 1960 

Wienerixtg Bou 2480 


























■ 31 














51 JO 






TV Vi 
























ATX tattac 125AM 
Previous: 126054 
83150 84550 B46 

<S»S 605 61D 

2710 29* 2945 

1545 ISO 1547 
50650 509 508 

1600 1700174*75 
977 998 978 

450.15 45550 46A80 
1925 1935 1935 

2446 2447 JO 2465 




Andrnoi ExdI 

B Bride Gold 
Btodwn Pharm 


Cdn Natl Rai 

Wellington nzs&* tsdne 230259 

Prctoas: 22SZ82 
AlrHZeaU B 3J2 3J0 3J2 3J4 

SrfMty tart 1.16 1.14 l.u 1J3 

carter Hat ani 241 Us us 238 

FletchChBUg 4J0 4.5S ASfl 

BeKhChEny 6.90 *83 655* 6JQ 

Fletetl Ol Font 1*5 143 1*4 1J9 

HetehOi Paper 2.17 2.10 (12 2.13 

Lioa Nathan 380 3J2 175 3J2 

TdeconNZ ' 8J0 8J0 8J9 8J7 

Wfcon Horten 1050 1050 1050 lDjQ 

TSE Indastriab: 6545J8 


1850 1(35 
29V> 281* 

3650 37M 

13J5 13* 
65* 63N 

m5 6355 
23M 2355 
4335 * 
37.10 3655 

35J0 35 

29 JO ass 
- 53 SOM 
4*20 42.90 
7550 7530 
33M 321* 
3330 32M 

4135 40K 


W « 


327 333 

139 1370 
459 468 

421 444 

1480 1540 

870 on 

Laewen Group 
Moan# (®rt 


1(S 1(05 
3540 34U 
16 IS3D 
90 BUD 
1S5® 1230 
21.90 2150 

1(45 1(40 
281* 29 

37.90 3(30 
13Vj 1» 
6345 65 


43.10 4(80 

37.10 37 

3570 3611 

29 JO 2(g 

753 7540 
3250 331* 

nil 18 

Vh Ml 
44M 25V* 

34Vt 3416 
2440 W , 7 P 

\lfb If 

IU ^ 

24U 2*90 

fS-JS 40115 

1(10 18N 

35 35.15 
1540 1» 

UJ0 1U0 
21 JS 2155 




MTb 6 


SPI tatae 361(13 
PiwtoM 39(55 
1897 1874 1875 1872 
432 409 JO 415 
1289 1271 1285 1 
2520 240 2500 

SB .825 B5 
2375 2290 2340 

2565 2481 2546 

1278 1265 1276 1 
14(25 14*25 14(25 14L_ 
1164 1132 1155 1128 

20975 20(75 20975 20550 
549 547 548 589 

7820 <980 7000 6980 
4080 4040 4080 4010 
1175 1238 1263 1“' 
560 540 560 _ 

2135 2109 2135 2095 
2268 2253 2362 2233 
“ 197 195 

SwtesRdni R 
SAk Group R 

Winterthur R_ 

1794 1786 1787 1795 
850 943 848 853 

1600 1530 1590 ]«0 
308 .301 301 305 

12640 12405 12495 12MQ 
40350 3M50 4J3 293 

'■**“ 168S 1685 

2655 2698 
J2* 738 

936 919 929 Mj 

aa a® 2260 223S 

fflS 1% £ IS 

W ’US w >1 


(j So 


PAGE 17 

Beijing Sets Tariff Cuts 

And Renews WTO Bid 



■ BEIJING — China will cut its 
average tariff on imposed industrial 
products to 10 percent by 2005 as 
part of its drive to bring import 
dunes down to the world average 
the official Xinhua press aaencvre 
ported Wednesday. s yre 
The move was announced bv 
President Jiang Zemin at the meet- 
ing of the J 8-member Asia-Pacific 
Economic Cooperation forum in 
Vancouver, British Columbia, that 
ended Wednesday. 

Mr. Jiang said China believed the 
decision would promote trade and 
investment liberalization in the 
Asia-Pacific region. 

Neither China’s customs admin- 
istration nor its Foreign Trade Min- 
istry was able to provide the coun- 
try's current tariff on industrial 
products, but the average rate for all 
its tariffs is 17 percent 
Within that bracket tariffs range 
from zero for nickel and cobalt to 
100 percent for automobiles. 

Tariffs for finished clothing range 
from 26 percent to 35 percent while 
the duty for stones, cement, pottery, 
porcelain and glass averages 183 

Mr. Jiang's announcement came 
as China’s trade negotiators made a 

new offer to U.5. negotiators aimed 
ai getting Beijing into entering the 
World Trade Organization. 

“This provides a solid baas for 
progress,’ ' a U.S. official said of the 
offer. “C hin a has been more forth- 
coming on a whole range of market- 
access concerns than in any pre- 
vious offer.” 

China has been attempting to 
enter the WTO and its predecessor 
organization, the General Agree- 
ment on Tariffs and Trade, for a 
decade. But existing members, no- 
tably the United States, say its tariffs 
and non tariff barriers to trade are too 

Beijing set its average tariff rate at 
43 percent in 1992, but after large- 
scale evasion of duties and inter- 

rate to an average of 36.4 percent in 
1993, 23 percent in April 1996 and 
17 percent in October 1997. It has 
pledged to cut the average rate fur- 
ther, to 15 percent, by 2 000. 

Negotiators for the WTO have 
welcomed the cuts as a move in the 
right direction, but they say that 
China's tariff rates are still too high 
and its trade and investment hurdles 
too numerous for the country to be 
admitted to the world trade club. 

(AFP. Reuters) 

China Tries to Restore Allure 

" Bloomberg News 

BEUING — The government an- 
nounced Wednesday that it would 
hold an economic su mmi t meeting 
next mouth to try to reverse the fast- 
souring sentiment among foreign in- 
vestors toward its economy. 

“Foreign investors now have 
more choice,” said Ben Yang, econ- 
omist with ING Barings in S hanghai 
“Before, China might have been the 
most competitive with the cheapest 
labor, but now we should re-evaluate 
Thailand, Malaysia and others.” 

The conference for foreign in- 
vestors will be held in mid- to late 
December, according to Ma Yu, an 
economist at the Institute of Inter- 
national Economics. It will seek to 
shore up confidence and may also 
herald new investment incentives to 
take effect Jan. 1, he added. The 
institute is part of the Foreign Trade 

Since June, stock markets and 
currencies of most Asian countries 
have tumbled, forcing Thailand, In- 
donesia and South Korea to seek 
financial assistance from die Inter- 

national Monetary Fund. 

China's sagging investment out- 
look comes as the economy is already 
slowing, denting coparaie profits. 

China's economy is expected to 
grow about 8 percent next year, its 
slowest pace since 1990, as its ex- 
port growth stalls. Weak domestic 
demand has already dragged expec- 
ted growth rate in 1997 to about 9 
percent, compared with expecta- 
tions of 10 to 11 percent growth. 

The goal of the meeting will be to 
halt the slide in planned foreign in- 
vestment in joint ventures, Mr. Ma 
said. China secured pledges of al- 
most $40 billion in contracted in- 
vestment in the first 10 months of 
the year, down 35 percent on the 
same period last year. 

“I’m worried about die actual in- 
vestment next year,” Mr. Ma said. 
“At best it will be about $30 billion, 
down by at least 25 percent on this 
year.'’ Current investment inflows 
are running above the level of the 
first 10 months of 1996, at $35.6 
billion, and on course to top last 
year's record of $423 billion. 

Region’s Slow Lane Shares Pain 

Turmoil Drags Vietnam, Burma and Laos Down, Too 

By Thomas Crampton 

international Herald Tribune 

BANGKOK — While the spot- 
light during Southeast Asia's eco- 
nomic turmoil has focused cm the 
region’s better-known dynamos, 
its second-tier economies also are 
suffering painful setbacks. 

In recent days, the Burmese kyat 

Hntj£r in >£» < T Jintian trip haft contin- 
ued Sliding, anii the prime minister 
of Vietnam has given an unchar- 
acteristically blunt assessment of 
that country’s economic troubles. 

Prime Minister Phan Van Khai 
opened the Vietnamese National 
Assembly late last week by refer- 
ring to “many shortcomings and 
emerging new problems.” He lis- 
ted troubles ranging from growing 
rice and crime rates to declining 
investment inflows, weak manufac- 
turing competitiveness and a “glar- 
ing” unemployment problem. 

“We have to look into the face 
of this truth to find solutions,” Mr. 
Khai said. 

Vietnam, whose rice exports 
had been a buoyant source of 
growth, has had much of its com; 
petitrve advantage erased by the 
fall in the value of neighboring 
countries’ currencies. 

Thailand, the world ’s largest rice 
exporter, has seen die dollar rise 54 
percent against the baht this year, 
compared with a gain of only about 
10 percent against the Vietnamese 
done, a nonconvertible currency. 

“with the overvalued currency 
cutting into competitiveness, yon 
sometimes wonder why you deal 
with all the hassles of business in 
Vietnam,” said a Western exec- 

utive who is investing In Vietnam. 

In Burma, the kyat began trad- 
ing at new lows less than a week 
after a shuffle of the conn try’s mil- 
itary government. 

The dollar was trading on the 
black market at 292 kyai Wed- 
nesday, up from 282 kyat a week 
earlier and 160 kyat at the be- 

ginning of the year. 
“When you hear 

“When you hear the exchange 
rate has dropped five or six kyat," 
a Southeast Asian diplomat in 
Rangoon said, “it is time to go to 
the supermarket, because they 
raise prices of imported consumer 
goods the next day.” 

According to the rarely used of- 
ficial rate, a dollar was worth 6.18 
kyat on Wednesday. 

Faced with a drop in outside 
investment and a severe shortage of 
foreign exchange, the government 
virtually stopped issuing import li- 
censes six months ago. Its removal 
of several minis ters suspected of 
conniption, and who foreign and 
local business leaders said had held 
up foreign investment, has raised 
some hope of economic reform. 

But Burma, like Vietnam, will 
not be able to count on trade and 
investment from wealthier mem- 
bers of the Association of South 
East Asian Nations. 

“The bad economic conditions 
were made here at home, but now 
there are fewer friends for Burma 
to turn to with the worsening eco- 
nomic environment in the region,” 
the diplomat said. 

Thailand has long harbored 
hope of brokering a regional eco- 
nomic integration that would turn 
Indochina’s former battlefields in- 
to marketplaces. But the struggle 

to keep its domestic economy 
afloat is preoccupying both its 
private and is public sectors. 

Most directly affected by Thai- 
land’s troubles is Laos, winch has 
severely cracked down on the 
black market and now strictly ra- 
tions all foreign exchange. 

For the most part, die nascent 
market economy of Laos operates 
on the shores of the Mekong River 
opposite T hailan d. The tight eco- 
nomic links between the two coun- 
tries have pulled the I aorian econ- 
omy down with T hailan d’s fall. 

Shadowing the decline of the 
Thai baht, the black-market value 
of the kip has skidded sharply, with 
the dollar trading Wednesday at 
about 1,850 kip, compared with 
around 1 ,600 kip in July and 1,000 
kip at the beginning of the year. The 
official exchange rate Wednesday 
for the dollar was 1,800 kip. 

While the government still al- 
lows foreign-currency purchases to 
pay for such thing s as airline tick- 
ets, visas and outside consultants, 
its restrictions have strangled im- 
porters. Some have simply closed 
up shop, while others have taken to 
unconventional business practices. 

Connell Brothers KP Co., for 
example, has started to export such 
locally made products as rawhide 
dog treats to pay for imported 
shampoo, skin cream and tires. 

“If we hadn’t started exporting, 
we simply would not be able to get 
enough dollars,” said Johnny 
Johnson, general manager of the 
Laotian trading company. Because 
the kip has fallen less against the 
baht man against the dollar, Mr. 
Johnson said he was buying as 
much as he could with baht. 

Siam Cement Posts Loss and Blames Baht 

Om&ledbyOtrSitjfFmBiD u paclia 

BANGKOK — Siam Cement 
PLC said Wednesday it had a third- 
quarter loss of 18.33 billion baht 
($469 million), its worst perfor- 
mance ever, because of die plunging 
Thai baht. 

The company, Thailand’s largest 
conglomerate, had net profit of 133 
billion baht a year earlier. The weak 
currency cost the company 2039 
billion baht, said Chumpol Na Lam- 
lieng, Siam’s president Siam has 
$43 billion in foreign debt most of 
it unhedged. 

Mr. Chumpol said he expected 
the company to repay about $300 
milli on of principal on its foreign 
debt this year and $550 million an- 
nually in the future. 

Siam said about $700 million of its 
foreign debt was short-term, with a 
maturity period of one year or less, 
and that most of the rest would ma- 
ture in five to eight years. Mr. Chum- 
pol said Siam Cement had no plan to 
commit fresh foreign loans to its busi- 
ness expansion but said it would have 
no problems using its operating rev- 
enue to finance dCbt obligations. 


■Hang Seng 

! 16500- — • 

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Straits Times 

Nikkei 225 

2150 - 21500 

2000^^ - - 20000 
1850 - 18300 

1700 — 4v* 17000 

1550 1 15500 

14W J J A S O N 14000 

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Hkmg lOong ’ Rang Seng 
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Sydney... . ABQft8nadw 
Tokyo Nikkei 225 

Koala Lumpur Composite 
Bangkok. SET 

Wednesday Prev. - % 
Close Close Change 

ttk590.11 10,325.56 +236 

1,653.55 f, 646.40 +0.43 

2,463,10 2,454.40 +0.35 

16.04&55 15,887.53 +1rt2 


Well ington • 
Source. Telekurs 

Composite 526.12 541.57 -2.85 

SET 401.79 396.58 +1.31 

Composite Index 438.70 438.59 -0.20 

Stock Market Index 7,698^4 7.759^7 -080 

PSE “ 1,799.39 1.795.35 +0.23 

Composite Index 398.54 395.68 +0.72 

NZ5E-40 2302.59 2.282.82 +0.8? 

Sensitive Index 333532 3,479.89 +1-80 

IflOTiulniuJ IkTj/J Tnhoae 

Analysts said the losses were in 
line with expectations, but Siam Ce- 
ment’s shares still dropped 8 per- 
cent, or 20 baht, to close at 242. 

“Investors will try to avoid the 
stock until the end of this year be- 
cause the massive forex losses will 
wipe away Siam Cement’s earnings 
this year and the next,” an analyst at 
Sakura Finance & Securities said. 

Thailand is struggling with its 
worst economic crisis in decades, 
and its private sector is burdened 
with overseas debts totaling nearly 
$70 billion. (AFP. Reuters ) 

Very briefly: 

• The Monetary Authority of Singapore said its deputy 
managing director, Koh Beng Seng, had resigned. He will be 
replaced by Tharman Shanmugaratnam. who iscurrently special 
assistant to the managing director of the monetary authority. 

• Singapore's agreement to help Indonesia by buying rupiah 
in the foreign-exchange market has no set limit, and is in 
addition to $5 billion in standby loans. Deputy Prime Minister 
Lee Hsien Loong of Singapore said. 

• Malaysia is ready to allow foreign insurers to control local 
joint ventures in a bid to help secure a global pact to deregulate 
trade in financial services. Prime Minister Mahathir Mohamad 
said. But he said he would resist efforts by other countries to 
allow 100 percent foreign ownership of insurance companies. 

• Yaohan Department Stores (Hong Kong), whose nine 
Hong Kong stores ceased operations Friday, will be sold piece 
by piece, its liquidators said, because no buyer for the entire 
business has come forward. 

•Schroders Securities Asia Ltd. predicted that Hong Kong 
property prices would drop by 25 percent to 30 percent over 
the next 12 months before bottoming out. The firm cited high 
interest rates and the falling stock market. 

• Nike Inc.'s Australian unit will stop the use of so-called 
outworkers in apparel production as pan of a campaign to 
ensure fair work practices. Outworkers are typically people 
who work from home and are paid by the item. 

• Broken Hiil Proprietary Co„ Australia's largest resources 
company, said steel sales were being hit by the financial 
upheaval in Asia. The company’s chief executive, John 
Prescott, said the effect would be “enough to be felt on die 
bottom line, but not to be material overall.” 

• Associated Cement Cos.. India's biggest cement maker, 
said its first-half profit fell 61 percent, to 2 1 2. 1 million rupees 
($53 million), as the economic slowdown reduced demand. 
Revenue feU 3.5 percent, to 1 1.72 billion rupees. 

• Ashok Ley land Ltd. an Indian truck maker, reported a loss 

of 324.1 million rupees for the six months to Sept. 30 as its 
sales slumped 20 percent, to 9.24 billion rupees, and bor- 
rowing costs surged. Bloomberg. AFX. Reuters 


Wednesday’s 4 P.RI. Close 


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Weak PC Sales Hit 
Softbank’s Shares 

Bloomberg News 

TOKYO — Softbank Conp.’s 
shares fell 16 percent to a record 
low Wednesday amid concern that 
sluggish software sales and Iower- 
than -expected growth in Japan's 
personal-computer market were 
hurting the company’s software- 
distribution business. 

Softbank shares fell by their 
daily limit of 400 yen to close at 
2,030 ($15.98). 

Concern that the decline in per- 
sonal-computer sales in Japan was 
hurting the company’s core soft- 
ware-distribution business pulled 
Softbank’s shares lower, analysts 
said. Softbank's reluctance to 
provide more details to investors 
about its overseas operations, 
which account for three-quarters of 
total operating profits, also caused 
the share price to fall, they said. 

APEC: Commitment to Soothing Markets 

Continued from Page 13 

told his fellow leaders how his country 
was healthier and more financially 
stable two years after a disastrous slide 
in the peso pushed it into one of its worst 
slumps in history. 

Addressing a group that included the 
heads of four countries that have re- 
cently sought IMF assistance — In- 
donesia, Thailand, South Korea and the 
Philippines — Mr. Zedillo said that 
when a crisis erupts, “in the short term, 
the most important thing that can be 
done is to give reassurance to markets, to 
investors that the economy in question is 
going to be placed on a sound footing.” 
according to Dan Tarullo, Mr. Clinton’s 
assistant for international economic 
policy, who an ended the session. 

Mr. Zedillo’s comments, according 
to Mr. Tarullo, provided ‘ ‘the most gal- 
vanizing moment of the morning” and 
dramatized the sentiment for endorsing 
EMF-style restructuring as the best rem- 
edy for countries that find investors 

losing confidence in their economies. 

Most significantly, however, the 
summit meeting made clear that Asian 
nations were now backing the IMF as 
the lead institution in coordinating in- 
ternational rescues. 

Only a few weeks ago, officials from 
several Asian nations were abuzz with 
the idea of an “Asian fund” to be cap- 
italized with $100 billion, furnished 
mostly by Japan, to finance bailouts. 

But the proposal came under fierce 
criticism from officials in the United 
Slates, who feared that such a fund 
would be used by financially scrapped 
countries to obtain cash to tide them- 
selves over rather than submit to the 
discipline of the IMF. 

Instead of the Asia fund, the leaders 
in Vancouver endorsed a proposal that 
required countries in financial trouble to 
submit to IMF discipline in exchange 
for a rescue package, and rich Asia- 
Pacific countries would offer to sup- 
plement the IMF's money with their 
own funds if that proved necessary. 

SAMSUNG: South Korea Giant to Cut Investment and Shift Staff s 

Continued from Page 13 

Ministry officials met with International 
Monetary Fund representatives. 

The government, which is asking the 
Fund for a $20 billion loan to help ensure 
that banks will have enough hard -cur- 
rency foods to cover short-term debts 
due by next month, has promised to carry 
out a reform package that includes re- 
structuring of the financial industry. 
Seoul has already asked eighi investment 
banks to yield their foreign exchange 
operations to commercial hanks. 

Analysts predicted a wave of dis- 
missals as key industries scale back their 

S lans. Halla Engineering & Heavy In- 
astry Co., the No. 3 shipbuilder, said 
Tuesday that it would lay off 3,000 of its 
7,000 workers. 

Unemployment will “emerge as a 
major economic problem,” said Hong 
Seung Yon of tire Samsung Economic 
Research Institute. 

“Contraction of the national econ- 

omy will be inevitable next year under 
the IMF loan.” 

That prospect raised the fear of wide- 
spread strikes. 

“We will be very strong in our effort 
to resist layoffs at Halla." said Yun 
Yang Mo, international secretary of the 
Korean Confederation of Trade Unions, 
representing 600,000 workers, including 
the work force at Halla. 

But Samsung will not lay off any of its 
260,000 workers, including the 30,000 
overseas, said Cho Jang Won, a com- 
pany spokesman. 

“The cultural background in Korea is 
quite different from the Western style,” 
he said. “We cannot fire workers so 
easily. We’re going to set up combined 
organizations. We will be able to give 
workers other jobs. ’ ’ 

Some observers questioned whether 
that policy was realistic — or indicated 
that Samsung's cost-cutting measures 
were designed more for public relations 
purposes than anything else. 

“Restructuring, scrubbing the bal- 
ance sheets, selling off of a few busi- 
nesses — that’s the easy part," said 
David Young, head of the Boston Con- 
sulting Group’s office here. ■'The larger 
issue is to prune the portfolio. Some of 
these guys will try to skate through with 
marginal adjustments." 

Many analysts here questioned wheth- 
er Samsung should go into motor vehicles 
while the domestic market is shrinking. 

“There's no question the automobile 
segment needs restructuring, ” Mr. 
Young said. 

But Mr. Cho said Samsung would 
produce its first car March 28, putting it 
in competition with Hyundai Motor Co., 
Daewoo Motor Co. and Kia Motors 
Corp. Kia Motors is bankrupt and under 
bank supervision but still making cars. 

A sign of the difficulties facing the 
motor vehicle industry is that the industry 
leader, Hyundai, has 65,000 cars in stock. 
15,000 more than normal, a company 
spokesman, Lee Yong Hun, said. 

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Continued from Page 13 

“The macro stabilization is working 
— I would say it’s OJC — but it won’t 
be sustainable unless they do the real 
reform,” said Parvoleta Shtereva, an 
analyst at ING Barings in London. ‘ ‘Un- 
til they start closing and selling compa- 
nies, I think people will still hold back 
from investing” in Romania. 

Romania has attracted much less for- 
eign investment titan other former Com- 
munist countries, but the expected sale 
of the national telephone company and 
of large banks could reverse that trend. 

Brokers say that mare portfolio in- 
vestment should conn: early next year. 
But the current global tom against emerg- 

ing markets means that many investors 
have taken their profits and are waiting. 

The investment will only come, the 
brokers warn, if Romania restructures its 
Soviet-era industrial base. Under a plan 
approved by the International Monetary 
Fund, about 16 large state-owned en- 
terprises have been slated to shut down. 

“The main problem is that this gov- 
ernment has no strategy for privatiza- 
tion,” said Hie Serbanescu, a leading 
economic commentator. 

The bloated state sector is also 
squeezing Romania’s emerging private 
companies. “They are killing small and 
medium-sized enterprises with taxes,” 
said Dan. Udrescu, the owner of Euro- 
color Construct, a manufacturer of ac- 

rylic stucco for buildings. Corporate in- 
come tax rates are 38 percent, and social 
charges are 34 percent per employee, 
relatively low for Eastern Europe. 
Value-added tax, however, is a bigger 
problem for businesses. 

New laws to protect banks against 
fraud have all but eliminated bank credit 
for small business owners, and an industry 
group estimates that about 30 percent of 
Romania’s small businesses have closed 
or gone bankrupt in the past six months. 

“There are two fundamental things 
we need now,” said Sorin Diraitriu, 
president of the State Ownership Fund 
— “the new laws on investment and 
privatization, and then we need to launch 
a marketing campaign." 

Hgral h^fel Sribung 



World Roundup 

Match-Fixing Cl aim 
Is Put Before FIFA 

soccer The Asian Football 
Confederation wants FIFA, world 
soccer's governing body, to inves- 
tigate a referee’s allegation that he 
was offered $50,000 to help the 
United Arab Emirates beat Japan in 
a World Cup qualifying game. 

The Asian confederation’s gen- 
eral secretary, Peter Veil ap an, said 
in a statement Wednesday that it 
was “in the interest of both FIFA 
and AFC to delve further into the 
allegation, as we are determined to 
wipe out such practices from the 

A Costa Rican referee, Rodrigo 
Badilla, said Monday that be had 
received an anonymous telephone 
call in his hotel offering him 
$50,000 if he would help the Emir- 
ates beat Japan in a game on OcL 
25. He said he had rejected the 

The match ended in a 1-1 draw, 
but Japan qualified for the finals by 
beating Iran, 3-2, in a sudden-death 
playoff in Johor Bahru on Nov. 16. 
The Emirates failed to earn a berth 
in the Cup finals in France. (AP) 

Tennessee’s Manning Gets 
Top Quarteriback Award 

football The University of 
Tennessee’s quarterback, Peyton 
Manning, was selected Wednesday 
as the winner of the 1997 Johnny 
Unitas Golden Arm Award as the 
nation's top senior quarterback. 

The award is presented by the 
Johnny Unitas Golden Arm Edu- 
cational Foundation Inc. and the 
Kentucky Chapter of the National 
Football Foundation and Hall of 
Fame. Manning will receive the 
award during a ceremony in Louis- 
ville on DecT 12. 

Manning, son of the former New 
Orleans Saints quarterback Archie 
Manning, has thrown for 3,287 
yards and 31 touchdowns with one 
regular-season game remaining 
this season, (n his four years at 
Tennessee. Manning has thrown 
for 10.669 yards and 84 touch- 
downs. (AP) 

Astros and Right-Hander 
Reach 2- Year Agreement 

baseball' Ttie right-handed re- 
lief pitcher Doug Henry and the 
Houston Astros agreed Wednesday 
on a $1.37 million, two-year con- 

Henry, 33. had a 4-5 record for 
the San Francisco Giants last sea- 
son with a 4.71 ERA and three 
saves. He pitched in a career-high 
75 games, tied for seventh in the 
National League. 

Henry was unscored upon in 54 
of 75 appearances in 1997. He re- 
tired 50 of 75 first batters he faced 
and stranded 28 of the 39 runners he 
inherited. His 69 strikeouts and 41 
walks also established a career 

An eighth-round draft pick by 
Milwaukee in 1985, Henry reached 
the majors with the Brewers in 
1991. He went 2-1 witha 1.00 ERA 
and 15 saves in 32 games. 

Henry, who made 5550,000 last 
season, is slated to receive 
S650.000 in 1998 and $720,000 in 
1999. (AP) 

Strasbourg Rolls On, 
B lanking Inter Milan 

Ajax Comes From Behind to Defeat Bochum 

Camnhil by Otr SttfFmm Obpadtn 

Strasbourg raced to a 2-0 lead in the 
first 20 minutes, then held powerful 
Inter Milan scoreless in their third- 
round. first-leg UEFA Cup match. 

Inter's Brazilian star, Ronaldo, left 
the game early because of a bruised 
knee, but the club said Wednesday that 
he would be fit to play in Inter’s next 
game, against Vicenza, on Sunday. 

Gerard Baticle stunned Inter early on 
Tuesday night in Strasbourg when he 
booted in a corner kick in the 11th 
minute. Less than 10 minutes later. 

The UEFA Cop 

Valerien Ismael drove in a free kick 
from more than 20 meters (22 yards) 
away to make it 2-0. 

Meanwhile, the Strasbourg defense 
was crowding Ronaldo, making it hard 
for him to have any clear shots. He did 
manage a few in the first half that led to 
Inter's two comer kicks, but nothing 
came of them as Strasbourg’s goalie, 
Alexandre Vencel, was stellar in fee net 
Inter Milan had a goal disallowed wife 
two minutes left on a questionable off- 
side call after Youri Djorkaeff shot 

Strasbourg was fresh from a 2-0 vic- 
tory over Marseille that knocked feat 
club out of first place in fee French First 
Division. Strasbourg also knocked two 
British giants out of the UEFA Cup — 
fee Scottish champion Rangers and fee 
English power Liverpool. 

Last month, Lyon of France beat Inter 
Milan, 2-1 , at home, but could not hold 
fee lead and succumbed, 3-1, in the 
return match. 

The Italians have woo the U EFA Cup 
twice since 1991 and were runners-up 
last season. 

SC Braga O, Schalke o Schalke 04 of 
Germany and Braga of Portugal played 
to a scoreless draw, putting Schalke in a 
strong position to clinch a berth in the 
quarterfinals in die next game between 
tne two clubs in Germany. 

Braga, which has never before 
reached this stage of the European soc- 
cer competition, relentlessly probed for- 
ward from the start. But Schalke, fee 
Cup holder, coolly smothered fee home 
team's forward moves and the Por- 
tuguese outfit only threatened from long 

KarlsnitM O, S pw t a k Moscow O The 

German team was on fee attack from fee 
start of fee game, and in the fourth 
minute David Biggs attempted a header 
that failed. 

Five minutes later, Burkhaxd Reich, a 
defender, pulled into midfield and 
picked up a free-kick flanking pass from 
Thomas Haessler. But he glanced the 
boll off die upright away from the goal 
on a kick from just five meters out. 

Karlsruhe nonetheless got lucky 
when Alexei Bakharev of Moscow 
kicked a shot at fee 1 7th minute that also 
glanced oft fee goal. At fee 23rd, Most 
cow’s Konstantin Golov skoy faked be* 
ing fouled as he went in with the ball and 
was shown a yellow card, instead of 
gaining a hoped-for 11 -meter shot. 

Minutes later, Karlsruhe’s goalie, 
Claus Reitmaier, had to scramble to stop 
a hard shot from Moscow's Alexander 
Shirko. But Karlsruhe’s substitute for 
fee injured Thomas Hengen. Gunther 
Schepens, had a near miss from 20 
meters out. 

Aju 4 , VflL Bochum 2 A four-goal 
first-half blitz powered Ajax Amster- 
dam over VfL Bochum ofCfermany. But 
Ajax had to come from behind. 

Bochum took a surprise lead in the 
20th minute when Thomas Reis scored 
wife a left-foot shot after good footwork 
on the right flank by Georgi Donkov. 
Bochum stretched fee lead to 2-0 in the 
24th minute when Tomasz Waldoch 
shook off his defender at a comer and 
headed past Edwin van der Sar. 

But Bochum's goals seemed to shake 
a sluggish Ajax into life. The Ams- 
terdam team immediately increased fee 
tempo of its game and launched a wave 
of attacks on the German goal. 

The pressure paid off quickly as the 
Danish veteran Michael Laudnip sent a 
long looping shot into the goal after 
Shota Arvel adze's shot had been 
blocked by fee goalkeeper, Uwe Gos- 
podarek, in fee 34fe minute. 

The strike triggered a four-minute 
burst that saw Ajax leapfrog over Bo- 
chum into fee lead. First, fee Nigerian 
winger Tijjani Babangida broke down 
fee right and centered for Laudrup to 
score his second and level fee scores in 
fee 36fe minute at 2-2. 

Two minutes later, Laudnip was in 
fee thick of the action again as his 
quickly-taken free kick set Arvel adze 
free to shoot low past Gospodarek and 
put Ajax ahead, 3-2. 

Steam Bucharest 2, Aston Villa 1 

Cristian Ciocoiu set op fee first goal and 
scored the second three minutes later in 
fee first half as Steaua Bucharest beat 
Aston Villa. 

The English team settled in quickly, 
as its substitute goalkeeper Michael 
Oakes — playing for Mark Bosnich, 
who was away cm international duty 
wife Australia — didn't have to make a 
save in fee first 20 minutes. 

Then Ciocoiu struck. Taking a long 
cross from Marius Lacatus that cut in 
front of fee goal mouth, Ciocoiu broke 
in to fee right of Oakes and drilled a shot 
off the upright. The ball rebounded out, 
struck Oakes's hand, and went in for an 
own-goal in the 29th. 

Three minutes later, Ciocoiu scored a 
majestic goal as he scissored fee ball 
overhead with a bicycle kick, striking 
from 10 meters. 

Lacatus got the best shot of fee early 
match wife a drive from 15 meters feat 
forced Oakes to make a diving save in 
fee 24fe. He also had a point-blank shot 
on Oakes in fee 42nd 

fc TiMuta o, Auxwra i Bernard 
Diomede's breakaway goal gave 'the 
French team a victory over fee Dutch 
team. Diomede chased fee ball down fee 
left side during a lightning Auxerre 
counterattack at 70 minutes, tucking the 
ball past the advancing Twente keeper, 
Sander Boschker. But Boschker denied 
a Diomede a second tally ten minutes 
later as the motionless Twente defense 
appealed for an offside call. • 

Rapid Vmnna O, Lazio 2 Lazio of Italy 
beat Rapid Vienna in a stormy match 
feat saw both sides reduced to 10-men in 
fee second half. 

Rapid lost Oliver Freund in fee 57th 
minute after fee German midfielder 
picked up Ms second yellow card for 
handball, while fee Italian striker 
Roberto Mancini was sent off in fee 
63rd minute immediately after scoring 
Lazio’s second goal. 

Croatia Zagreb 1, Athrtico Madrid 1 

Atletico Madrid recovered from a 
second minute goal by fee Bosnian in- 
ternational Ed in Mujcin to draw, 1-1, 
wife Croatia Zagreb. Mujcin slotted 
home from 10 meters after fee Spanish 
defense failed to clear a cross by Vladi- 
mir Petrovic. (AP, Reuters) 

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Messier Gets Thanks for N. Y. Memories 

By George Vecsey 

Wrt !■ York Times Service 

NEW YORK — The banner still 
hangs from the rafters. Nobody chants 
“ 1940’' at the New York Rangers any- 
more. There are still people in New 
York who talk about fee night fee Stan- 
ley Cup itself came waltzing Into their 
bar, wife a couple of big lugs with scars 
attached to it 

New Yorkers are very quick to ask, 
“What have yon done for me lately?” 
But in fee case of Mark Messier, their 
grateful ness quotient extends ail fee 
way b&CKTWfe&t manic June 1994. 
“They stiifbwe MfeSsteyaiid th ey paid 
him back Tuesday night paid for fee 
thrills and fee rallies and fee ticker-tape 
parade along Broadway. Even fee man- 
agement of Madison Square Garden 
paid him back, wife a stirring video 
tribute, showing some of fee great mo- 
ments from 1994. 

While fee fans in fee Garden stood 

and cheered fee video and fee man for 
nearly two minutes. Messier leaned 
against fee boards near fee opposition 
bench, staring at fee huge screen over- 
head, his caveman jaw down toward his 
chest his face contorted wife emotion, 
his gloves rubbing his teary eyes. 

Tne fans cheered a gain in fee second 
period when Messier took a perfect pass 
and caught the Rangers on a line change 
and skated in by himself for a goal. 
There were also some boos — but prob- 
ably not for fee new captain of fee 
Canucks, who led his team to a 4-2 
victory and was chosen the No. 1 star of 
fee game.. 

1 Messier was making his first appear- 
ance in the Garden since taking a wildly 
better offer from Vancouver last sum- 
mer. He bad come here in 1991 from his 
hometown, of Edmonton, Alberta, after 
12 seasons and five Stanley Cups, still 
somewhat raw, but knowing feat it was 
time to move on to the big city. 

Messier presented a check for 

Ron RdnVTbo AoucUKd Plan 

Local hero Mark Messier leading the Rangers’ home crowd in cheers 
after he scored the visiting Canucks’ second goal in their 4-2 victory. 

$125,000 from the Mark Messier Foun- 
dation to Tomorrows Children's Fund, 
which cares for terminally ill children. 

While he was a Ranger, he used to 
visit a young girl who was dying of 
cancer, and when she died last summer, <£, 
one of her wishes was feat her favorite * 
medal be sent to her hero. It caught up 
wife him in Vancouver. 

The fans in New York sensed that 
co mmitme nt in Messier’s six seasons 
here. It was a little different wife Mike 
Keenan, who Tuesday night was coach- 
ing his fifth game for Vancouver. *f- 
The local fans thought Keenan was 

just fine foM Stanley Ci 
he bolted kimewhereel 

Lyiar, but sexja 
,iahd the fans 

thought fear was a bit ' sudden^ Keenan 
has been back twice since, wife the Si 
Louis Blues, and was booed both times, 
because New Yorkers have loqg 

*‘It’s an old story for me. I’ve been 
back here before,” Keenan said in the 
conference room below fee stands be- 
fore fee game, adding, “This brings 
back fond memories. The last time I was 
in this room was 1994.” 

It was a not-so-subtle reminder of fee 
stirring events feat had taken place un- 
der bis watch, but Keenan did not expect 
a lot of sympathy for him in this town. 

He never scored a goal or whacked an#? > 
opponent, and he split fast. 

The fans are sophisticated enough to 
know feat athletes walk these days, feat 
despite fee rhetoric about his loving it ip 
New York, Messier could tell fee dif- 
ference between $45 million for orfe 
year and $20 million for three years. 
They would have done fee same thing 
themselves. ; 

The Garden has been living off 1994 
for three full seasons, and now into la 

fourth. J 

They still try to win another one, 
collecting older players at fee expense 
of young talent, and every time a ney? 
corporation buys fee Garden, every year 
or so, the Garden sends out letters to d‘ 
loyal ticket-holders and announces, "l 1 
wife precious little explanation or apo- 
logy, that prices have indeed taken an- 
other precipitous leap, but if you dorr't 
like it, there is a long waiting list I 

Besides feat, fee Garden implied, 
check out that neat banner hanging from 
the rafters. To its credit, Garden man- 
agement paid a tribute to Messier on ttye 
message board, to honor fee man who 
did fee most to put that banner up 

In other NHL games Tuesday night, 
The Associated Press reported:' 

L*afs 3, sharks 1 1gor Korolev, Derek 
King and Aly n McCauley scored for the 
host Leafs. Jarred Skalde ruined Felix 
Potvin’s bid for a shutout with less than 
two minutes to play. , 

Btaefchawfca 2 , Offers 2 Eric Daze’s 

goal at 18:45 of the second period 
earned a tie for visiting Chicago. Screakr 

’ofe Bob Corkum 

and 1 eppo Nu mm inen had a goal and an 
assist and Nikolai Khabibulin made 26 
saves as host Phoenix won for the fourth 
time in five games. 

Mets 9 Scouting in Japan May Be Paying Off 

27i* Associated Press 

TOKYO — An 18-year-old pitcher, 
fee first Japanese player acquired by a 
U.S. major-league team through its 
own scouting here, has signed wife fee 
New York Mets, the Kyodo news 

^Th/ l^T^quired Jua Ushiro- 
matsu, a left-hander wife a fastball that 
has been clocked at 140 kilometers an 
hour (88 miles an hour), after Japanese 
professional baseball teams passed 
him up in their draft last week. 

Three Japanese pitchers — Hideo 
Nomo of the Los Angeles Dodgers, 

Hideki Irabu of fee New York Yan- 
kees and Shigetoshi Hasegawa of fee 
Anaheim Angela — have already 
made it to fee U.S. major leagues. 

Nomo’s success encouraged scout- 
ing in Japan by American teams. A 
scout for fee Mets, Isao Ojimi, said 
feat while Ushizomatsu did not yet 
have great stamina, he made up for it 
wife his vast potentiaL 

Kyodo said that two otter .Japanese 
high-school players — ■ an outfielder, 
Kenichiro Kawabata, and a- pitcher, 
Junichi IwasaJri — we re reportedly 
near a deal wife feeBostoo Red Sox. 

■ Davis Wins ConigUaro Award 

Eric Davis of the Baltimore Orioles 
who fought cancer and overcame fe< 
death of a brother to return to basebai 
last season, was selected Tuesday at 
fee winner of fee Tony ConigUarc 
Award, The Associated Press re Darter 
from Boston. *** 

The award is named for fee forma 
Red Sox outfielder who made a dra- 
matic comeback after being beaned by s 
patch in 1967. Conigliaro died in 1990 
eight years after a massive heart attack 

had left him severely handicapped. 

PAGE 19 

J ! ( f j., C ^Arizona Wins 
■ y The Battle of 

The Wildcats 


7/h* Associated Press 
■JvLAHAINA, Hawaii — The mn- 
jinked Wildcats, from Arizona that is 
.golished off the No. 8 Wildcats of Ken’ 
Sgcky in o® semifinal of the Maui In- 
[Mrtational tournament in a rematch of 
»bst seasons U.S. college basketball 
[championship game. 

V* As a reward for the 89-74 victoiy, the 
» defending national champions were to 
; face No. 3 Duke, an 82-59 winner over 
■ Missouri, in. Wednesday night’s title 

> Arizona’s relatively easy aimnph 
♦gyer Kentucky was a far cry from the 

3ast two meetings of the Wildcats the 

[overtime classic last March that kept 



^Kentucky from repeating as national 
[champions^and the 1994 Maui Invi- 
‘tational tide game that Kentucky won 
Um a buzzei-beating tip-in 
; • In the coasolation round of the Maui 
-Invitational DePaul beat Chaminade, 
.’57-55, andtJeorge Washington downed 
[Boston College, 76-64. 

, * 7 “ Tbe Arizona- Kentucky rematch was 
I the focus ctf the eight-team tournament 
[since the pairings were announced a few 
.months ago. The suspense was over 
[early. Arizona (3-0) broke from a 4-4 tie 
;with a 10-0 run keyed by the sophomore 
^ point guard Mike Bibby, who capped it 
. [with a thunderous slam rfnnfr The lead 
|f/-Ttached 20 after the first half, and Ken- 
Ijncky (2-1 ) never got closer than 11 in the 
[second half, after trailing 42-28 at half- 
•time. Bibby finished with 20 points, eight 
[assists and four of Arizona’s 11 steals. 

.-7 Arizona’s depth proved to be a huge 
asset as its top eight players were back 
from the championship team. Kentucky 
Bad just two starters back and a new 
coach. Tubby Smith, who replaced Rick 
Pitino. now the coach of the Boston 

• Scott Padgett had 15 points for Ken- 
tucky, which shot 29 percent from the 
field in the first half, while Nazr Mo- 
hammed had 14 points and 16 re- 
. hounds. 

Duke (4-0) used its depth to win its 
second easy game in the tournament 
The Blue Devils used a balanced attack 
pk.ihat had seven players scoring between 
’ 16 and eight points. Trajan Langdoo had 
• -16 points, while Elton Brand and Shane 
Battier, two members of the freshman 
dass, had 14 and 12. respectively. 

- - Duke's coach. Mike Krzyzewski, 

said the defense set the tone for the 
game. “Our half-court defense was 
really ready,” he said. “Our goal was to 
take away the 3-point attempts.” 

Duke blocked eight shots, three by 
freshman Chris Burgess, and had 15 
steals, five by Mike Chappell. The Blue 
Devils led, 40-31, at halrnme and start- 
ed the second half with a 1 3-2 run. Kelly 
Thames led Missouri (2-1) with 15 
points and nine rebounds. 

No. 18 Utah 89, Loyola Uarymount 50 

HannoMottolahitall 10 of his shots and 
finished with 25 points and the Utes (4- 
0) scored the first IS points of the game 
to start the road rout Utah shot 72 
percent (33-of-46) and outreboimded 
the Lions 49-16. Haywood Eaddy had 
nine points for the Lions. 

Parcells Helps Receiver Catch On 

By Gerald Eskenazi 

New York Times Service 

NEW YORK — Quietly but firmly. 
Bill Parcells has been helping to reshape 
Keyshawn Johnson on the field and off. 

Johnson reached new professional 
heights Sunday in the New York Jets’ 
victory over the Minnesota Vikings 
with a career-high nine catches and ms 
first lOO-yard receiving game. 

Johnson also revealed that he has had 
several private meetings witii Parcells to 
talk about life and the sacrifices and 
attitude it cakes to become a great player 
in the National Football League. 

“It’s strange for me, a 25-year-old 
guy, to be listening to a 56-year-old 
coach,” Johnson sakL “But the things 
he tells me make sense. Practical things, 
like when you get to the NFL you’ve got 
to think about who your friends are; 
you’ve got to think about the con- 
sequences of your actions.” • 
Certainly, Johnson has appeared more 
focused this season. His nine catches fin 1 
104 yards Sunday also won over many 
of the Jets' fans in the crowd of more 
than 70,000 at the Meadowlands. 

If this is also the beginning of a 
beautiful friendship between Johnson 
and quarterback Neil O’Donnell, it is 
happening just in time for the Jets. 

finally, the Jets are in a stretch run 
with first jplace in their hands. If they 
sweep them final four games, starting at 
Buffalo on Sunday, then it won’t matter 
what other teams in their division do. 

Parcells has always publicly played 
down the controversy he found Johnson 

mired in last spring. That is when John- 
son’s book, mostly a chronicle of his 
rookie season, came out 

Johnson not only alienated O'Don- 
dqU and the offensive coordinator, Ron 
Eraardt, but also didn’t endear himself 
to Wayne Chrebet his fellow wide re- 
ceiver. But Parcells made it his business 
to know quite a bit about Johnson. 

After he became the Jets' head coach, 
Parcells telephoned John Robinson, the 
football coach at Southern California, 
where Johnson had starred. 

“John told me that Keyshawn wants 
to win the game,” Parcells said this 
week. That, of course, is every couch’s 
bottom line. 

“I think the expectations people bad 
of Keyshawn are unfair," Parcells said, 
sounding unusually protective. “He 
hasn’t played a lot of football. He’s a 
young, maturing player. He needs 
coaching, but to his credit, he's coach- 
able. He’s not sensitive to criticism.” 

So how good can Johnson, last year's 
overall top draft pick, be? 

“I don't know that,” Parcells said. “I 
think he's good. He got coached pretty 
good. He goes in there. ” 

Johnson also knows be is good. His 
first 100-yard game, for instance, be- 
came something of an obsession. John- 
son knows where he stands relative to 
the future Hall of Fame receivers Jerzy 
Rice and Michael Irvin ai the same stage 
of their careers. 

According to Johnson, Parcells ap- 
proached him before the Chicago game 
two Sundays ago. “He said to me, 
‘We’re lowing for you to step it up,’ ” 

Johnson said ‘‘ ‘I don’t want to put 

pressure on you, but ’ ” 

Then. Johnson recalled, “I sewed a 
touchdown in the game and he said. 
That’s nice, but you’re not done yeL’ ” 
Actually, he was, for that game. The 
touchdown came on a35-yaru pass play 
from Glenn Foley in the opening 
quarter. But Foley was injured and re- 
placed by O’Donnell. It was the wily 
catch Johnson had 
Last Sunday, O'Donnell found him. 
Had O'Donnell been told to look for 
Johnson? No one is saying, because dial 
would imply that O ’Donnell had dis- 
regarded the receiver in the past. 

“It was a long time coming,” John- 
son said of his big game. 

But really, not so long. Johnson has 
started only 24 gomes over his two 
seasons. In that time, there have been 
hints of how much of an impact player 
he can be, in the way be breaks the first 
tackle and nearly gets free, or in his 
instinct for the first-down marker. 

He has a team-high four touchdown 
receptions as well as an average of 14.4 
yards a reception. Based on a 16-game 
projection, Johnson could collect 65 
catches and gain dose to 1,000 yards. 
No Jet receiver has had such a high per- 
catch average since the days of Wesley 
Walker in the early 1980s. 

On Sunday, Johnson will face a Bills 
team that ranks in the top six in the 
league in passing defense, but still a 
team he dominated in the first meeting 
between the two teams. Although the 
Jets lost, Johnson had 86 yards on three 

Bob&dbrailhfn* \*wu*ni ftw 

Arizona’s Mike Bibby dunking against Kentucky in the first quarter. 

No. 22 O oor nlo 96, C oo rn ia So uthw ii 

74 Ray Harrison had 24 points to lead 
-the host Bulldogs (4-1), who took less 1 
than a minute to put together an 1 1-0 run 
that gave them a 64-48 lead. Ten players 
scored for Georgia, which shot 55 per- 
cent from the field in winning its fourth 
consecutive contest. 

Quincy Wright had 18 points to lead 
the visiting Eagles (2-2), who had nine 
turnovers in the first seven minutes of 
the second half and 23 overall. 

No. 24 fryiaml 117, Florida Interna-' 

tioniti 70 The Terrapins (3-1) held the 
Golden Panthers (1-1) to 22 percent 
shooting (7-of-3 1) in the first half as 
they romped to their 55th consecutive 
non-conference home victoiy, a streak 
that began in December 1989. 

Heat Gets to Lakers as Streak Ends 

The Associated Press 

The Los Angeles Lakers finally lost 
their first game of the season as Tim 
Hardaway and Jamal Mashbum led a 
second-half surge that carried the Heat 
to a 103-86 victory in Miami 

The Lakers, playing again Tuesday 
night without center Shaquille O'Neal, 
had their season-opening victory 
streak snapped at 11 games, four short 
of tiie best start in league hisioiy. 

Mashbum and Hardaway scored 22 
points each and Isaac Austin had 19 
points and nine rebounds for Miami. 
Nick Van Excl finished with 21 points 
to pace Los Angeles. 

Spurs 102, Mnariekt 91 David 
Robinson had 22 points and 11 re- 
bounds, Sean Elliott added 19 points, 
and San Antonio withstood a second- 

half rally to hand host Dallas its 10th 
successive defeat. 

Cory Alexander added 17 points 
and Tim Duncan had 1 1 points and 10 
rebounds for the Spurs, who had lost 

NBA Roundup 

four of their previous five. Michael 
Finley scored 20 points, Shawn Brad- 
ley had 16 and Dennis Scon 15 for the 
Mavericks, who have gone winless 
since a 3-0 start. 

Hormts 90, Pistons 85 In Charlotte, 
Glen Rice capitalized on Gram Hill's 
early foul trouble and lifted the Hornets 
over Detroit. Rice had 21 points to help 
Charlotte improve its record to 9-3. 

SupurSomcs 91, BuBs 90 Vin Baker 
hit a baseline jumper over Luc 

Loogley with three seconds left to give 
host Seattle the victory. Gary Payton 
led the Sonics with 22, arid Baker 
added 19. Toni Kukoc had a season- 
high 30 points and Michael Jordan 
scored 26 for Chicago. 

Nats ioi. Warriors 87 Kerry Kittles 
and Sam Cassell each scored 18 points 
as New Jersey kept Golden State win- 
less at home. Kendall Gill added 16, 
Chris Galling 14 and Jayson W illiams 
12 for the Nets, who improved their 
record to 8-4. 

Kings 97, Nuggots 93 Corliss Wil- 
liamson scored four of his season-high 
24 points in the final nine seconds to 
lift host Sacramento over winless Den- 
ver. The Nuggets, who had overcome 
a 16-point third-quarter deficit, lost 
their 12th straight game. 





W L 


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& Payton 9-16 2-2 22, Baker 9-18 M 19. 
RafcMwb— CMcouoJn rRDdnm lft. Saddle 
47 (Baker 12), Asstots-CMcogo 24 (Knkoc, 
Hoijmt ffl, Seattle 24 (Payton l®. 
NwJmmv 28 24 21 21— in 

Gotta State T7 24 28 14- 87 

NJj Kittles 7-13 2-2 1 8, Cawfl 5-17 8-8 1 1t 
GS-- Marshall 11-24 1 -22S,Sm»i 7-W A-A 20. 
Ite b oata New Jewry 47 (Wfifcms 12), 
Golden State 54 (M«»ha1 2 Z). A wMt -Mew 
Jenay 31 (Canal 9). ‘Gotten State ,§ 

27 n » .*A-*!3 
27 25 23 T&-V1 


Detroit - 14 22 19 28- 85 

□»tolte 34 22 24 20-98 

D; WM tarns 18-207-9 27, H81A,14 7-11 19; 

G Rtae IMA 0-1 STL Geiger 8-11 1-3 17. 

I t e tanm Detroit 48 (WTOms UP. . _ 

Charlotte 51 (Mason IS). MsMMWmlH* 

(Hu ntwr <8. Charlotte 21 OfestaylQ. - - • 

ttta?” ’ § 2 % awn P:MaNpap7-iP46^Gargttfrffin 

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Strickland 9). AssWs-Lm Angeles 20 ” 1 
Uones 6L Miami 14 (Hardaway 7). j 
Sm Anient* 48 M 19 19—1® 

IMtaS 17 23 35 16— Vk 

SJL Robinson 8-12 A-8 22, EHott 8-13 04# 

19? D: Hutey 7-155-5 2ft Bradley 8-17 04>1 6.1 
Res po n d s S an Antanta 57 (Robtewi 11), 

New Jersey 
NX Rangers 
N.Y. btandas 
Tampa Bay 

w L T Pt* 
15 A a 32 
13 8 3 29 

Carolina •» 
Buffalo ' 


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68 38 

69 57 
73 A3 
66 68 

61 53 

48 68 
44 78 

76 54 
73 65 

58 59 
66 70 

62 60 

59 67 

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8 10 7 23 

9 10 4 22 

7 12 4 18 

4 16 2 10 


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14 7 3 31 
12 9 5 29 
11 9 4 26 
9 11 4 22 
9 II 4 22 
7 11 4 18 

0 0 2-2 


PB I 6 W.WHA 8 M 

Inda: 133-1 


H L T Pte GF GA 
Detroit 15 6 4 34 84 59 

Data 15 7 4 34 82 51 

St. Louis 15 8 2 32 74 55 

Phoenix 12 9 2 26 70 62 

CWcngo 9 13 3 21 54 65 

Toronto 8 12 3 19 45 63 


Cafaiixsfo' * 14 
Los Angeles 
San Jasa 

N.Y. Raegere 
Href Period; V-Saxtchord 4 (Noonan) 
Second Period: V -Messier 8 (Lumme, 
MogHnv) TIM Ported: N.Y.-Ln Fontaine 14 
CSrmeneyi Lntehl (pp). 4, V-Bvre 11 
(Hertan) (ih ).& V- SlhgerS (BrostieaO 6> 
N.Y^SweeneyS (Stevens, LoFontahw) Shots 
aa geofc V- 6-156-27. RYe B-4-U-26. 
Gortesi V-McLean. N-RkMec 
Son Jose 8 0 1—1 

Ttemto 1 0 3-3 

First Pelted: T-Koroiov 7 (YUshkntdb 
Schnekted (pp). Second Peeled: None. ThH 
Peried: T-OXing 2 (MoePa Mocoun) 1 SJ^ 
Stadito X 4, T-McCmriey 2 (Johnson, 
Schneldert (on). Shots ea goat SJ.- 94- 
7— 2a T- 7-11-13-3). Goata: SJ^Vemon. 

SLLoab 0 1 1—3 

Phoenix 2 B 1 — 3 

Fkit Parted: F-Coftvm 4 (SJoney, 
McKeazty) Z P-Tooctiet 9 (Ytanen. 
Nummbwa) Second Period: ii.-Tuicatte’3 
(Mcheynum, PdiertrO TIM Period: P- 
Nummlnoa 5 (Drakw Coriuan) & SJ_- 
Dudmsn* 5 (Campbell, CourlnaD Shots on 
goat SX.- 510-13-28. P- 6-14-7-27. 
Goata: SJ_-Fobr. P-Kbiriilbutta. 

Odcogo 110 0—2 

EdneMoa 110 0-2 

Fhst Period: CStnatz 4 CSutec, Date) (pp). 
2, E-S myth 8 (Weight, Mironov) (pp). Second 
Period: E-Munay 4 (Undgren) (pp). 4. C- 
Doae 7 flCrtea ta aeov , Cheltos) dm Ported: 
None. Overtime: None. Shots oe yocl: C- 8-7- 
7-1-23. E- 13-10-8-0—31. Gordies: G- 
HocJietf. E-Jaseph- 




A|n Amsterdam 4jytl Bochum 2 
Braga (V Sdm he at If 
Croatia Zagreb l, AltetSco de Madrid 1 
KOrtsiulw a Spartak Moscow 0 

Rapid Vtarnn d Lazta of Rome 2 
Steaaa Bucharest Z Aston Vital 
Staabawg Z I nt ar na z lun ale of Mltan D 

PC Twenteft Auxerre 1 


■Morocco if ogoff' 




Cleveland— Claimed INF Chad FonvUle 
off wnhren hum £Hcggo White San. 

KANSAS enr— Signed C Mho Macforione 
to l-year conhacL 

N.Y. YANKEES— Agreed to tenns with INF 
Dale Svotira on 3-yearconnwt 

Texas— Extended contiads of Doug 
Mehriit vice presttenFgenerol managec and 
Johnny Dales, manager, ter 1 year through 
1999 season. Assigned OF Andrew Vesseil 
outright to Oklahoma, PCL 


ariiona— N amed Marie Conner phtNng 


Houston — A greed to tenns with INF BM 
Spiers on 2- year contract. 

sah dieco— A greed to terms with C Greg 
Myers on 2-year cordracL Put RHP Rich 
Batchelor on waivers tor purpose of goring 
him his uncondRtonal release. 



SALTMUHtE 8AVEKS— Put OT Lefand Toy- * 
lor on nao-tootoafl injury 1st 

Indianapolis— A ctivated 0B Rk» Chirk 
from practice squad. 

GREEN BAYAdtvaled S BtatoeMcElmurry 
ham pradlce squad. Waived CB Budcy 

SAN Oisco-Retensed G Isaac Davis. 

Seattle— Signed P Rohn Static. 

Washington— S igned DT Stew Emiroan. 

• Minnesota— Signed F Tom Hammonds. 
Released FCPftoid Ruder. 


HHL-Suspeflded Washlogton LW Ordg 
Berube i gam* for dlreCEng radal slur at 
Fterida LW Pater Wterea In Nov. 23 game. 

Florida— N amed Bryan Murray interim 
coach. Sent G Kevin Weafces to Fort WOyn* 

MONTREAL-Recaled F David Ling and F 
Man Htggtas ham Frederidoa AHL. 

NEW JERSEY— Sent LW Jay Pomtatfo to 
Albany, AHL Re-astigned RW Bobby House 
to Quebec. IHL 

n.y. RANBEAS— RecnOed LW PJ. Stodc 
from Harttad, AHL 

Ottawa— Recnbed D Rodim Stem ek from 
Manitoba IHL 

PHiLADELPHUL-R*coNed RW Paul Haatev. 
LW Colin Farbas from PMadefpWa AHL 





PAGE 20 



It’s Turkey Time Again StanI <7 KarnOW Revisits the ’ 50s in Paris 

'(Thanksgiving is the greenest hol- 
iday ever created by the human race. 
Thai’s why when my turkey dies, / 
want it cremated and its ashes 
scattered all over Martha Stewart's 

Dormans. ' 

Le Jour de Merci Dormant was first 
started by a group of pilgrims (Pil- 
erins) who fled from I'Angleterre be- 
fore the McCarran Act to found 
a colony in the New- 
Worid (le Nouveau 
Monde ) where they gSLSjB&l 
could shoot Indians 
(les Peaux-Rouges) 
and eat turkey (dmde) 
to their hearts' con- 
tent. M 

They landed at a 
place called Plymouth Buchw ^ d 
(now a famous vouure 
Americaine ) in a wooden sailing ship 
named the Mayflower, or Fleur de 
Mai. in 1620. But while the Pilerins 
were killing the diodes, the Peaux- 
Rouges were killing the Pilerins, and 
there were several hard winters ahead 
for both of them. The only way the 
Peaux-Rouges helped the Pilerins 
was when they taught them how to 
grow com (mals). The reason they did 
this was because they liked com with 
their Pilerins. 

In 1623, after another harsh year, 
the Pilerins’ crops were so good that 
they decided to have a celebration and 
give thanks because more mats was 
raised by the Pilerins than Pilerins 
were killed by the Peaux-Rouges. 

Every year on le Jour de Merci 
Dormant , parents tell their children an 
amusing story about the first cele- 

It concerns a brave capitadne named 
Miles Standish (known in France as 
Kilomitres Deboudsh ) and a shy 
young lieutenant named Jean Alden. 
Both of them were in love with a 
flower of Plymouth called Priscilla 
Mullens (no translation). The vieux 
capitalize said to the jeune Ueutenanr. 

“Go to die damsel Priscilla (Allez 
tris vise chez Priscilla ), the loveliest 
maiden of Plymouth (la plus jolie 

demoiselle de Plymouth). Say that a 
blunt old captain, a man not of words 
but of action (an vieux Fanfan la 
Tulipe), offers his hand and life heart 
— the fund and heart of a soldier. Not 
in these words, you understand, but 
this, in short, is my m eaning. 

“I am a maker of war (Je suis un 
fabricant de la guerre) and not a 
maker of phrases. You, bred as a 
scholar (Vous, qui etes pain comme 
un itudiant), can say it in elegant 
language, such as you read in your 
books of the pleadings and woo- 
ing s of lovers, such as you think 
best suited to win the heart of the 

Although Jean was fit to be tied 
(convenable d itre emballi), 
friendship prevailed over love and 
he went to his duty. But instead of 
using elegant language, he blurted 
out his mission. Priscilla was muted 
with amazement and sorrow (ren- 
due muette par C itonnemerit el la 

At length she exclaimed, break- 
ing the ominous silence, “If the 
great captain of Plymouth is so very 
eager to wed me, why does he not 
come himself and take the trouble 
to woo me?" (Ou est-il. le vieux 
Kilomitres? Pourquoi ne vient-il 
pas aupres de moi pour tenter sa 

Jean. said that Kilometres De- 
boutish was very busy and didn't 
have time for such thing s. He 
staggered on, telling her what a 
wonderful husband Kilomitres 
would make. Finally, Priscilla 
arched her eyebrows and said in a 
tremulous voice, “Why don’t you 
speak for yourself, Jean?” (Chacun 
a son gout.) 

And so, on the fourth Thursday 
in November, American families 
sit down at a large table brimming 
with tasty dishes and for the only 
time during the year eat better than 
the French do. 

No one can deny that le Jour de 
Merci Donnant is a grande file . and 
no matter how well fed American 
families are, they never forget to give 
thanks to Kilometres Dehouiish, who 
made this great day possible. 

By Katherine Knorr 

International Herald Tribune 

P ARIS — Stanley Kamow arrived in 
Paris in 1947 with the prospect of $75 
a month from the GI Bill and an open 
mind- He took the city as it came, and did 
his best to become that quintessential 
■Parisian figure: the flaneur. In other 
words, he hung around. 

“The pace of life was so pleasant," 
Kamow said recently, in a brasserie over- 
looking one of tiie capital’s flower mar- 
kets. “There was no great rush about 
anything. Of course I wasn’t doing much. 
I was enrolled in school to get the GI Bill, 
but there was no requirement to attend 
classes or even get a degree. So I’d 
tumble out of bed in the morning, get the 
newspapers, sit in a cafe. Usually other 

r ile would show up and we’d spend 
morning talking about God knows 
what, then go off to lunch somewhere, 
then hang around all afternoon, then go to 
dinner somewhere. It was really lotus 

He made French friends, he fell in love 
and he stayed for 10 years in a country 
strained by the poverty and restrictions 
left over from the war years, and by the 

modernizing. What he liked aiuFwhat he 
didn’t is the subject of Kamow's latest 
book, “Paris in the Fifties,", partly a 
memoir, partly a collection of the re- 
porting he did on the more offbeat aspects 
of French society when he eventually 
gave up the lotus eating and became a 

That career would take him to Asia and 
a Pulitzer Prize, and to wide critical ac- 
claim for his historical works on Vietnam 
and the Philippines. But first (here was 
Paris: “It was very poor, very poor, 
everything was rationed. If you were a 
foreigner, you were rationed like every- 
one else, and I didn’t have the kind of 
money to go out on (he black market plus 
I had a kind of virtuous attitude," said 
Kamow, now 72. “It was poor but you 
know, people got by. I was always sur- 
prised by now well they ate despite the 

Kamow's own “poverty" (which 
worried his New York father, who ac- 
cused his college-man son of “spinning 
his wheels’ ’) was, of course, the land that 
enriches beyond counting: “I never took 

-■ ■ ft fp % *. • 

The author Stanley Karnow in Paris In the 1950s. 

CVha Pit Wrai/Ttimr magwrim- 

a cab. This is the world's greatest walking 
city. They had those marvelous old buses 
with the open bade where you could stand 
and smoke.” He met Claude Saziaute, 
who would become his first wife and who 
was the daughter of one of the major 
figures of the New Novel, Nathalie Sar- 
raute. They eventually moved into a 
fleabag hotel where they met the ec- 
centric and the talented, from Brendan 
Behan to the French jazz musician Claude 
Later, who, as Kamow tells it, spent his 
time in his room imitating Benny Good- 
man and Sidney Bechet. “The landlady 
used to scold him for making so much 
noise until one day he got a job in one of 
those boites in S aint-Germain- des-Pres . 
She saw his name in the newspaper, so 
suddenly she had a celebrity.'' 

Celebrity was always part of the draw 
for Americans in Paris — meeting those 
who possessed it and acquiring it oneself, 
through Art and the Great American 
Novel “When we came here, for us the 
belle epoque was the ’20s. We were 
looking for the ghosts of Hemingway, 
Fitzgerald, Gertrude Stein. Somebody 
said to me, American kids come here 
today and they look back to the '50s as the 
belle epoque," Karnow said. “Every- 

body you knew was writing a book. One 
guy I remember, he finally revealed to us 
his book was the biography of his high 
school football team. So that caused an 
uproar of laughter." 

Kamow eventually went respectable: 
“We said, we can’t go on doing this 
forever, though some people triad to. 
There's nothing worse than a 50-year-old 
flaneur." He went to work for Time 
magazine, where he wrangled if not the 
Big Stories, some of the stranger or fun- 
ner ones. The result, as his book shows, 
took him to the Beaujolais country to 
imbibe in the name of journalism, and to 
Bordeaux to see prisoners return from the . 
last French penal colony. One story, on 
French youth, netted bim a friendship that 
lasts to this daywith a man who was then 
a young radical and is now a banker with 
a big apartment and a maid and a love of 
hunting. Kamow also got the odd 
celebrity piece, Orson Welles, Audrey 
Hepburn or the inevitable interview with 
Papa in his cups at the Ritz. 

Kamow’s gift was that he was curious, 
he liked the food and drink and the talk- 
ing, and he was comfortable hanging 
around political rallies and the National 
Assembly. He thrived on weird crime 

stories, on people stories, the funny ones 
and the terrible ones. He reported on the 
famously cruel winter of 1954, when the 
Abbe Pierre mounted a campaign to save 
the homeless, and on tee carnage of the 
Vingt-Quatre Heures da Mans auto- 
mobile race in 1955. when an accident- 
killed 83 people. He followed the rightist 
populist Pierre Poujade, and attended 
political gather ings where the boredom 
of the speeches was relieved by the very; 
good food. In a country rent by stnkes 
and political strife, he found "a fierce ^ 
amount of anti-Americanism,” ng™ *0® 
left, at a time when the United States was ■ 
taking off in its extraordinary postwar) 

“ft was tee era of the organization 
man, it was the era of the button -do wnr 
collar, three-piece suit, three-mamm - 
lunch, conformity: Levittowns, all those 
thing s had contributed to the tremendous . 
dynamism of America, people f ortee 
fust time owned their own homes, dread- • 
ful as they may have seemed. They were- 
n’t all that bad, better than what I re- 
member growing up in the Depression. 
Here it was at Vechelle du village, all the-T| 
neighborhoods were villages. ’ ' 

Recently Kamow has been haunting 
some of those Paris villages again, mak- 
ing a television show tied to his book. 
He’s not particularly nostalgic, nor rar- 
ticularly shocked by the changes. “Its 
not what it used to be, Armani is going in 
where the Drugstore used to be," be said. 
“This was a little after my time, but I was 
coming back on trips, ami everyone was 
deploring the Drugstore, American im- 
perialism and so forth, and now it’s, oh i£~ 
only we could have the Drugstore back. 
Yes, it's not what it used to be, but it 
seems to have absorbed it not too badly, 
rwiKifte ri ng tee kinds of thing s that go Ott 
in other countries. They could very well 
have tom down all the buildings and put hr 

.And then there is tee Cafe Flore shop: 
“Limoges pillboxes with Jean-Paid 
Sartre’s glasses on top of them. I mean, 
who the hell buys them?" he said. “Jean-. 
Paul Sartre would turn over in his grave,- 
or Simone de Beauvoir — when she 
deplored all the commercialism of Amer- 
ican intellectuals, and here is the Simone 
de Beauvoir ashtray and whatnot” 
“Fifty years ago is a hell of a long time; 



Harold Evans: Back Into Journalism 

By David Streitfeld 

Washington Post Service 

W ASHINGTON — After seven 
years as the most high -profile book 
publisher in die United States, Harold 
Evans announced that he was stepping 
down from his post at Random House to 
be editorial director of Mortimer Zuck- 
erman’s media properties. “It means I'm 
going back into daily and weekly and 
monthly journalism,’ ’ Evans said. 

Zuckerman, a real estate developer, 
owns the New York Daily News, the 
U.S. News & World Report, The At- 
lantic monthly and the hip business 
magazine Fast Company. 

At Random House, Evans published 
everyone from President Bill Clinton (a 
huge flop) to the former Clinton adviser 
Dick Morris (an even bigger turkey) to 
the not-quite presidential aspirant Colin 
Powell (a tremendous success). He made 
Joe Klein’s roman h clef “Primary Col- 
ors' ' one of the best-selling sensations of 
the decade. He started a series of literary 
breakfasts in New York, gaining pub- 
licity for himself. Random House and the 
authors, roughly in that order. He re- 
invigoraled the Modern Library, a clas- 
sics line that had fallen on hard times. He 
made Random House — and Harry 
Evans — hoL 

Random House announced that Ann 
Godoff, who had risen rapidly to become 
No. 2 to Evans, would assume his re- 
sponsibilities. Godoff became a publish- 
ing star about four years ago when she 
made, almost simultaneously, John Ber- 
endt's “Midnight in the Garden of Good 
and EviL” Nathan McCall's ' ‘Makes Me 
Wanna Holler” and Caleb Can’s “The 
Alienist" into monster hits. In addition to 
taking over Evans's job, she is keeping 
her position of editor in chief. 

The resignation of Evans, 69, had 
been forecast almost since his arrival 
from Conde Nast Traveler magazine in 
1990. He is married to Tina Brown, 
editor of The New Yorker. 

Random House is one of tee flagship 
imprints of Random House Inc., the 
largest general-interest book publisher in 
the United States. The company is owned 

Bstao Uaohm/Tbr AanoMod ha 

Harold Evans, right, with Joe Klein, author of “Primary Colors.” 

by S.L and Donald New ho use, who also 
own The New Yorker and many other 
magazines and newspapers. Evans will 
have “total editorial responsibility for the 
strategic direction and the editorial per- 
sonnel" of tee Zuckerman media prop- 
erties, tee developer said in a statement. 

From 1967 to 1981, Evans was editor 
of the Loadon Sunday Times. “The do- 
gooding. Boy Scout side of my jour- 
nalistic career has not always been well 
served by book publishing," he said. 
“Every time I tried to do it in books, it 
didn't work," referring to titles on pub- 
lic issues such as the Gulf War, tee BCCI 
scandal and the coup attempt against 
Mikhail Gorbachev. 

N BC has made a deal to 
retain the services of the 
talk-show host Geraldo 
Rivera, keeping his top-rated 
interview program on its 
CNBC cable network while 
expanding his duties to in- 
clude numerous assignments 
with NBC News. In exchange 
for what he called a “full 
embrace by NBC News," 

Rivera agreed to abandon his 
daily syndicated talk show. 

NBC moved aggressively to 
keep Rivera after he accepted 
an offer from Fox News 
Channel last week. NBC had 
aright to match die Fox offer 
and did so rather than lose his 
“Rivera Live” program, 
which has been the most suc- 
cessful show on CNBC, on 
increasingly important cor- 
porate asset to NBC. “It was 
an exact match of the Fox 
offer,” Rivera said. “They 
even used some of the Fox 
language in making the MORE 
deaL" Beyond continuing his a medal 
role as the host of “Rivera the pn 
Live," NBC gave Rivera Collins 
four prime-time NBC News f, 

specials a year, a regular role 
as a legal commentator on its "Today” 
show and a new nightly newscast on 
CNBC, which he will anchor. 

Wuir-Dfcmoi Wcwt»ti 

MORE PLATINUM — The pop star Phil Collins with 
a medal presented in Stuttgart by Heilrout Puschmaim, 
the president of the German Caritas Association. 
Collins sold “platinum tickets” on a German tour to 
raise funds for Caritas ’s project for the homeless. 

rangements are being madq^. 
for its return. The violin is to- ' 
be sold, after Bonelli gets one 
more look at it, and he will 
receive tee proceeds. 

Newsweek touched up 
Bobtri McCanghey’s teeth in 
a cover photo of the one- 
woman baity boom. The 
photo shows McCaughey, 
who gave birth to seven ba- 
bies last week, leaning 
against her husband and smil- 
ing. Her teeth appear straighi- 
er and whiter than in a cover 
shot published by News- 
• week’s rival Time. A News- 
week spokeswoman said tee 
magazine wasn’t trying to 
“mislead the public or do any 
inappropriate dental work/ 
Our technicians made an ef-i 
fort to lighten a very dark area; 
on the cover photo,' 1 she said 
adding it was “perhaps re-, 
constructed too much." it s 

□ - 

In his spare time, Evans will finish his 
own book, “The American Century.” “I 
was writing at 5 this morning," he said 

The bottom line of Evans's new job is 
that tee editors of the Zuckerman media 
properties have a new boss. Had Evans 
discussed this yet with, say, U.S. News 
editor James Fallow a? 

“He’s my next call,” Evans prom- 
ised Fallows, contacted later, said that 
when he heard about Evans’s new po- 
sition, “I was strongly in favor of it. The 
editors at Mart's publications are here to 
put out the best possible version of the 
publications he wants to have. . . . Be- 
lieve it or not, I think that to have Harry 
augmenting Mart’s presence is a plus.” 

Michael Jackson and his wife, 
Debbie Rowe, plan to name their 
second child Paris Michael Katherine 
Jackson. “I wanted to name her Mi- 
chael after Michael, but Michael said 
no," Rowe said “So we decided Paris 
because that’s where she was con- 
ceived Michael because I really want 
Michael’s name in her name and Kath- 
erine after his mom," she said The 
baby is expected in February. . . . 
Arnold Schwarzenegger ana Maria 
Sbriver finally decided on a name for 
their 2-month-old son, and it's a mouth- 
ful: Christopher Sargent Shriver 
Schwarzenegger. The couple's fifth 
child was nam ed in part for his maternal 
grandfather, Sargent Shriver. 

A 238-year-old violin stolen in Min- 

nesota from a retired musician was 
found at Christie’s auction bouse in 
London. The violin belongs to Nicolo 
Bonelli, 84, who is retired from the 
Minnesota Orchestra and lives in a nurs- 
ing home. No one has been charged in 
tee theft of the violin. It turned up in a 
sales catalogue from Christie's, and ar- 

tour to A song by a 15-year-old! 
rmeless. blind g” 1 will be tee only- 
single from a charity album of 
songs in memory of Diana, Princess of 
Wales, organizers said “I’m In Love 
With The World" sung by IJ ssa Her-) 
mans, will be released on Dec. IS. Sir 
Paul McCartney, Bruce Springsteen- 
and Luciano Pavarotti are among 35) 
artists who have agreed to contribute 
songs to tee album. 

Hutchence Funeral to Be Broadcast live 

Reuters “ In v iew of recent criticism of me- 

S YDNEY — The funeral service dia paparazzi and their alleged in- 
fer tee 1NXS star Michael vasion of privacy, we are sure you will 
Hutchence will be broadcast live on agree with tee family of Michael 
Australian television from a St. An- Hutchence teat their wish for a private 


draw’s Anglican cathedral on Tburs- funeral service be respected and up- 

Up’p mArtin ** a c — — *.i ■ 

day, the Hutchence family’s media 
agent said Wednesday. 

But aside from one television broad- 

held" said a statement from the me-' 
dia manager, Harry M. Miller. 

The service for Hutchence, tee 

caster. Seven Network, all other media INXS front man who was found 
have been banned from tee funeral ty hanging by a belt in his hotel room on 

Hutchence’s family. Seven Network is 
to provide tapes to other stations. 

Saturday, is expected to feature INXS 
rock songs, according to local media. 

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