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INTERNATIONAL 


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PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON 


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The Worlds Daily Newspapei 


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Paris, Friday, October 31 , 1997 



No. 35,666 


Military Salutes 
Bob Hope at 94 

‘Honorary Vet’ Feted at Capitol 


By Paul Hendrickson 

Washington Post Service 




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WASHINGTON — It was as if everyone in the room 
knew it was the last tune. Though of course no one wanted 
even to -intimate t hat 

A very o ld ma n, beautifully dressed, fragile as a spar- 
row s egg propped up by arms other than his own, came to 
the Rotunda of the Gapitol this week to receive an honor 
This man has been cited by the Guinness Book of Records 
as the most honored and publicly praised entertainer in the 
world — more than 2.000 awards, prizes, trophies, medals, 
whatnots. Truth is, there’s barely anything lento give or say 
about Leslie Townes Hope, who was born the same year the 
Wnght Brothers left earth at Kitty Hawk — 1903. 

All the same, one more honor was found. Bob Hope, 94, 
was proclaimed by Congress as an “honorary veteran of the 
United States Armed Forces.” 

It isn’t entirely clear he understood everything that was 
going on. When he arose to speak, he seemed to thinir be 
was in Philadelphia. And yet this didn’t make the overflow 
crowd — including senators and congressmen and high- 
ranking mili t ar y muckety-mucks and or dinar y gawkers — - 
love him any less. It seemed to make them appreciate and 
Jove him more. He recovered beautifully, with the help of 
his wife. 

The whole ceremony felt like a time warp, of a lovely and 
poignant kind. It was in the boogie-woogie World War H 
tunes played and sung, and in the unself-consciously sen- 
timental tributes. 



RoWn 4. Br^WIh- PM 

Hope accepting applause as be collected a new honor. 

“There is one man — only one — who served through it 
alL He never had a military title but he was the general of 
good times, the admiral of entertainment,” said die Senate 
majority leader, Trent Lou. 

“He invented in 1943, the year I was bean, the concept of 
going out to visit the troops,” said the speaker of the House, 
Newt Gingrich, who spoke of his own father, and what Bob 
Hope meant to him and to untold numbers of other dogfaces, 
from World War n to the Gulf. (The comedian went to 
combat zones in 1943, but he is said to have begun playing in 

See HOPE, Page 12 


Jiang Vows More Democracy 

He Defends ‘ Open Society’ to Congressional Leaders 


By Brian Knowlton 

International Herald Tribune 


WASHINGTON — President Jiang 
Zemin traveled to Capitol Hill on Thurs- 
day to boldly confront some of his 
severest American critics, and later 
offered a daring vision of a China that 
will be opened “still wider to the out- 
side world.” 

Mr. Jiang, speaking largely in Eng- 
lish, told the Asia Society that China 
would “expand democracy, improve 
the legal system, run the country ac- 
cording to law and build a socialist 
country under the law.” 

Having dealt placidly Wednesday 
with pointed questions from American 
reporters and direct criticism from Pres- 
ident Bill Clinton about his country’s 
human rights record, Mr. Jiang vigor- 
ously fended off legislators’ complaints. 

“Never before has Chinese society 
been so prosperous and open as today.' ' 


he told the legislators. And in what was 
billed as a major address later to the Asia 
Society, a private group that promotes 
improved O.S. relations in the region, 
Mr. Jiang pursued his efforts to per- 
suade American listeners that a new 
China was emerging. 

He promised his country would ’ 'fur- 
ther enlarge democracy.” saying that 
“without democracy, there can be no 

Mr. Jiang faced a chilly reception in 
New York. • Two US. lawmakers 
are poles apart on China. Page 3. 

modernization." He vowed “to build 
socialist democracy with Chinese char- 
acteristics.” 

“We will further improve our pattern 
of openness,’ ’ he said, “develop an open 
economy and open C hina still wider to 
the outside world. We will ensure that 
our people will reap the benefits of con- 


tinued economic growth and gradually 
achieve common prosperity. 

“We will ensure that our people hold 
democratic elections, make policy de- 
cisions democratically, cany out demo- 
cratic management and supervision, and 
enjoy extensive rights and freedoms un- 
der the law.” 

Earlier, he had received a civil, re- 
spectful welcome when he arrived at 
Capitol Hill for a working breakfast 
with about 50 top legislators. But they, 
and a smaller group with whom he met 
later, lcctured~him on a range of con- 
cerns. The legislators said Mr. Jiang 
listened attentively. 

“He got it from the president, and 
now he got it from Congress.” die 
House minority leader, Richard Geph- 
ardt of Missouri, said later. 

Although the halls of Congress have 
resounded regularly with sharp cum- 

Sce JIANG, Page 4 


U.S. -China Summit on a Tightrope 


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Downgrade in Hong Kong 
Imperils the Local Dollar 


Dow Falls 125, Page 13 


There’s Plenty of Process, 
But Not Much Progress 

By R. W. Apple Jr. 

Hew York Times Service 


In a Rare Sight, 2 Leaders 
Spar in Public Over Rights 

By John’F. Harris 

Washinflt't Post Sen ice 


By Philip Segal 

Special to the Herald Tribune 


HONG KONG — The battle to de- 
fend Hong Kong’s currency from being 

• devalued became still more difficult 

( Thursday after a credit rating agency 

downgraded its outlook for the entire 
banking industry here. 

The move by Moody's Investors Ser- 
vice of the United States helped send 
stocks here into a.new tail spin, as the 
regional currency turmoil sharply de- 
pressed prices once more across Asia. 

Separately, share prices fell sharply 
across Europe on Thursday over con- 
cern that the financial turmoil e m a n ating 

• from Asia had not yet ran its coarse. 

Ly Moody’s cut the ratings ontlook on 
~ ” Hong Kong banks itfofiowsto “neg- 
$*tive” from “stable,” signaling pos- 
able downgrades, as a result of sky-high 
iterest rates to fend off currency spec- 


ulators. The agency also began a review 
of the strength of Hong Kong’s two 
biggest banks, Hang Seng Bulk and 
Hongkong & Shanghai Banking Corp. 
“for a possible downgrade.” 

Moody's cited “concents over the 
possible negative impact of currency 
pressures on the prospects for Hong 
kong trade especially in light of the 
significant currency depreciation expe- 
rienced in Southeast Asia.’ ’ 

Investors hoping for more prosperous 
times after Wednesday’s record stock 
market rise of almost 19 percent had 
their hopes dashed Thursday by 
Moody's move. The benchmark Hang 
Seng Index fell 402.44 points, or 3.74 
percent, to 10,362.86, dragged down by 
finance and property stocks. 

Hongkong & Shanghai, which alone 
makes up23 percent of the index, had its 
strong rating for financial strength 
put on review, leading investors to dump 


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WASHINGTON — The Chinese hailed the summit meet- 
ing as a “normalization of relations” between Washington 
and Beijing, but in fact the talks indicated how abnormal the 
relationship remains. 

Hot lines and reciprocal summitry, however useful, in- 
evitably evoke memories of the Cold War and U.S.-Soviet 
relations, which were anything but normal. 

But manag ing U.S. relations with China — arguably the 
most important relationship of the post-Cold-War world — 
will require a more subtle, less ■ 

Manichean cast of mind than the Cold 
War did. 


shares in what was one of the world’s 
most profitable banking companies last 
year. Is stock fell 7.7 percent. 

Moody’s attributed its Hong Kong ac- 
tion on the darkening outlook for prop- 
erty and bank earnings here, which stems 
from the punishing interest rates nsed to 
discourage currency speculators from 
borrowing Hong Kong dollars. 

Traders accumulate Hong Kong dol- 

See MARKETS, Page 12 


Then, most elements of American society viewed the world 
in much the same way. Now they do not, with business 
pushing for freer trade, trade unionists complaining about 
unfair competition from cheap goods and congressional ac- 
tivists and churchmen stressing human rights. 

And yet. perhaps needing a foe, more Americans regard 
China as an adversary, if not in political at least in economic 
terms. In a new Gallup poll taken for CNN and USA Today, 
36 percent said they regarded China as unfriendly or an 
outright enemy. In 1 983, before Tiananmen Square, the figure 
was 21 percent 

In a news conference with President Jiang Zemin of China 
on Wednesday afternoon, an event that lasted mare than an 
hour. President Bill Clinton never once described anything 
that had happened during the Chinese leader’s visit to the 
United States this week as “historic.” 

See SUMMIT, Page 4 


WASHINGTON — The plan called for a news conference ai w hich 
President Bill Clinton and President Jiang Zemin would emphasise all 
the things their nations have in common. Bui what dominated the cv ait 
was a spirited debate on the one subject — human rights — in which 
the world’s most powerful nation and its most populous remain more 
than an ocean apan. 

Spontaneity, usually absent when world leaders stand together at 
summit meetings, broke out in remarkable fashion at the news 
conference Wednesday in which neither leader would yield a point. 

-- The exchange revealed two men talking past 
NEWS ANALYSIS «« another. 

Mr. Jiang, his face creased in a sunny 


smile during most of the session, said that “it goes w ithout 
saying” that China observes the “general rules" of human 
limits “universally abided by in the world.” 

Then, he placidly assured reporters that he has no regrets 
about the Iethaliy brutal suppression of dissidents eight years 
ago at Beijing’s Tiananmen Square. To the Contrary, he said, 
the crackdown helped assure the “political stability” that 
allowed the “reform and opening-up we have today.” 

Mr. Clinton, listening with an expressionless face and 
folded arms, broke in. “On so many issues, China is on the 
right side of history, and we welcome it,” he said. "But on 
this issue, we believe the policy of the government is on the 
wrong side of history.” 

In die first U.S.-China summit meeting in more than eight 
years, the impromptu debate was a reminder that even as their 
economies draw closer together, China and the United States 

See DEBATE, Page 4 




BOO! Halloween Bewitches France 

But Will Another Symbol of American Culture Be a Treat or a Trick? 




By Roger Cohen 

New York Times Service 


PARIS — In one of the stranger 
manifestations of globalization, Hal- 
loween fever has abruptly gripped the 
French, sending pumpkin prices soar- 
ing and- sorely testing the Galhc ability 
to pronounce “trick or treat” 

Every last rampart to things American 
grams to have fallen. Over 8,000 pump- 
kins have been spread across tire Tro- 
cadero gardens in Paris; stores have 
filled with ghoulish masks and inflatable 
p umpkin costumes;, at least one Cham- 
pagne has adopted a special pumpkin 
label; bakeries have begun selling “Hal- 
loween cakes,” and villages have adopt- 
ed Halloween festivals. 

Just a year ago, Halloween — pro- 
nounced “alo-een” — was almost un- 
known here. The only things selling 
briskly on the eve of All Saints Day 
were the chrysanthemums traditionally 
taken to cemeteries to be placed on 

graves, 4 . . 

But the progressive Americanization 

of Bench culture, the realization that 
Halloween is a useful marketing ploy in 


tiie hollow period before the Christmas 
season, and the apparent thirst of a 
generally morose society for a mordent 
of festivity seem to have combined to 
create a sudden Halloween obsession. 

“I must tell you that all this is ab- 
solutely bizarre.” said Marie-Prance 
Gueos quire, an ethnologist at the Mu- 
seum of Arts and Popular Traditions in 
Paris. “I suddenly started seeing 
pumpkins everywhere in my local 
Monoprix supermarket, and I had no 
idea what was going on. This is em- 
phatically not a traditional French fes- 
tival and my only explanation is that we 
have belatedly discovered the power of 
marketing.” 

Certainly, the national telephone 
company. Fiance Telecom, which this 
month sold shares to the public for the 
first time, has decided the pumpkin 
plays well with tire French. Its mobile 
telephone, the “Ola,” is being advert- 
ised with orange billboards announcing 
the somewhat mispronounced pleas- 
ures of “Olaween.” The five truck- 
loads of pumpkins now at Trocadero 
were placed there by the company to 
back this campaign. 


“Halloween is in the air,” said Fre- 
ddie Queret, a spokesman for France 
Telecom. “It's festive, convivial and 
it's a great way to sell a product Com- 
mercially, this period is usually very 
cabn and Halloween fills the gap before 
Christmas.” 

As the fever has mounted, pumpkin 
prices surged 12.5 percent this week, to 
reach 2.50 francs a kilo (about 25 cents 
a pound) at the Paris wholesale market 
atRnngis. 

Many flower stores in Paris now 
have pumpkins on display, and the 
greeting-card company Hallmark has 
started to sell Halloween cards in 
France for the first time. 

“It was wend!,” said Anne-Marie 
Carhris, a spokeswoman for Hallmark 
in France. “We suddenly began to get 
requests from stores for these cards. 
We've shipped thousands. A new fes- 
tival has been born in France.” 

So, has some hobgoblin or fairy 
slipped into France and spirited away 
the country’s traditional resistance to 
cultural invasion by the “Anglo-Sax- 

See BOO, Page 12 





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Nicolas Ramos, 7, visiting a makeshift pumpkin patch Thursday at Trocadero gardens, near the Eiffel Tower. 




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PAGE TWO 

jYetr Transcripts of Nixon's Tapes 

Books **& 9 ; 

Crossword Paget 

Opinion — Pages 8-9. 

Sports - Pages 20-2L 

The tntBCmsrket Page 7. 


The IHT on-line www.iht.com 


Iraq Bars 2 U.S. Weapons Inspectors 

Defiance of UN Creates ‘Most Serious Crisis’ Since ’94 Showdown 



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UNITED NATIONS, New York — 
Iraq on Thursday barred two U.S. arms 
inspectors from entering the country, 
Umted Nations officials said, as a way 
of underscoring its determination to re- 
move Americans from a te™ tnon_ 
toning its weapons program. 

The Iraqi action defied a UN Seouihf 
Council demand that it rescind a Wed- 
nesday order prohibiting Americans 
from working with UN weapons teams 
in Iraq, said the UN spokesman, Fred 

Eckhard. . . 

UN officials described the crisis as 

the most serious since ^ knobcr J^ 94 ; 

Clinton sent a naval earner group and 
-54.000 troops to the region 

“Iraq has made the mistake of trying 


to interfere with the business of the 
United Nations special commission” 
charged with overseeing destruction of 
Iraq’s weapons of mass destruction, the 
State Department spokesman, James 
Rubin, said in Washington. 

■ Asked at a news briefing if a military 
response to the Iraqi action was a pos- 
sibility, Mr. Rubin said, “This is a very 
serious matter, and we are not ruling any 
option out at tins time.” Britain also 
warned that a military reaction was not 
excluded. 

Iraq, however, showed no signs of 
relenting. 

“If ©there want to push things in 
another direction, including the use of 
militar y force, that will not frighten us 
and will not make us back down,” Saad 
Qassim Hammoudi, head of the Arab 
and International Committee at the Iraqi 
Parliament, said to reporters. 

Mr. Rubin said the arms inspector 


dispute was a separate issue from a UN 
sanctions deal that allows Iraq to export 
some oil in return for imports of food 
and other essentials. 

“Those are on separate tracks, and 
I'm not aware there would be any need 
to change one or the other,” he said. 

A third American working for an- 
other UN body — the International 
Atomic Energy Agency — was first told 
he also would not be admitted. But after 
negotiations. Iraqi authorities agreed to 
let him enter the country. However, be 
returned to Bahrain with the others be- 
cause he was told by his Vienna-based 
agency not to enter Iraq if the other 
Americans were barred. 

The chief weapons inspector, 
Richard Butler, said the Americans 
were traveling to Iraq as pan of a regular 
personnel rotation. 

See IRAQ, Page 12 


AGENDA 


Senator Backs a Tighter Sanctions Act 


WASHINGTON (Reuters) — The 
chairman of the U.S. Senate Banking 
Committee, Alfonse D’Amato, said 
Thursday that the Iran-Libya Sanc- 
tions Act might need tightening. 

Mr. D’Amato, who was die primary 
sponsor of ihe legislation passed last 
year, also said the United States should 
consider halting commercial bank fi- 

Campaign Vote Set 

WASHINGTON (A P) — Senate 
leaders agreed Thursday to debate and 
vote on campaign-finance legislation 
by the first week of March. The agree- 
ment, announced by the majority lead- 
er, TYent Lott, Republican of Mis- 
sissippi, clears the way for Senate 
action on numerous other measures 
that Democrats have blocked as they 
pressured Republicans ro come to 
terms on a campaign-finance debate. 


nancing to countries hit by sanctions 
because of dealings with Iran, in ad- 
dition to the potential cutoff of gov- 
ement-backea financing. 

Mr. D ’Amato made the suggestions 
at a hearing on the participation of the 
Russian company Gazprom in a nat- 
ural gas venture in Iran that the Clin- 
ton administration is investigating. 

After a summer of 
hiring, firing and 
trading, the Na- 
tional Basketball 
Association season 
tips off Friday. A 
team-by-team look 
at the four NBA di- 
visions picks out 
the season Y likelv 
winners — and 
losers. Page 20. 



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PAGE TWO 




- ’’ 



How Watergate Tapes Survived / In Mis Own Words 

Nixon’s Fateful Reversal 


Lardner Jr. 
and Walter Pincus 

Washington Post Service 


WASHINGTON — The day after the White' 
House counsel John Dean 3d started talking to 
Watergate prosecutors. President Richard Nixon 
ordered his secret White House tapes destroyed, 
according to newly transcribed conversations from 
the Nixon era. 

It was Monday, April 9, 1973, months before the 
secret White Hoose recording system would be 
disclosed at Senate hearings. 

Neither Mr. Nixon nor his top aide, HJR. Hal- 
deman, the chief of staff, knew for certain that Mr. . 
Dean had begun telling prosecutors whax he knew 
about the burglary and subsequent efforts to thwart 
investigators. But the day before, Mr. Dean, who 
had coordinated the Watergate cov- 
er-up, had told Mr. Haldemao he 
was considering some limited dis- 
closures to authorities. 

“Well, the hell with Dean,” Mr. 

Nixon told Mr. Haldeman that Mon- 
day morning in the Oval Office. 

“Frankly, I don't want to have in the 
record discussions we've bad in this 
room on Watergate.'* In another 
conversation later in the day, the 
president agreed with Mr. Halde- 
man that they ought to “get rid” of the record- 
ings. 

These previously unpublished conversations, 
among hundreds transcribed for The Washington 
Post and Newsweek, show Mr. Nixon quickly 
grasping the dangers his tapes contained. The tapes, 
which have been in the custody of the National 
Archives for two decades, also reveal new insights 


wrote, that destroying them then would 4 ‘create an 
indelible impression of guilt,*’ far more damaging 
than any revelations they contained. He also as- 
sumed, as one historian has written, that they were 
as sacrosanct as any presidential document, frilly 
protected by the legal doctrine of executive priv- 
ilege. 

Mr. Nixon failed to mention in his memoirs bis 
initial decision to destroy the tapes, before any 
outsider learned of them, and how that decision — 
which might have saved his presidency — was 
eroded by a desire to use them, selectively, for his 
own defense and for his autobiography. 

Forced to resign in disgrace in August 1974, Mr. 
Nixon spent the rest of his life trying to put the tapes 
behind him, litigating agains t fresh disclosures and 
winning status as an elder statesman with a series of 


memoirs. 


care- 


His initial decision 
to destroy the tapes 
was eroded by his 
desire to use them 
for his defense and 
his autobiography . 


illy scripted appearances. 


into the president as a manipulative, master politi- 
cian overseeing every detail: approving a “shake- 
down’ ' of the milk lobby for surreptitious campaign 
donations, fixing the price of ambassadorships, 
orchestrating “dirty tricks" against opponents, 
thanking the donor of hush money for the Watergate 
burglars. 

As the Watergate crisis mounted in the spring of 
1 973. the tapes also show Mr. Nixon trying one ploy 
after another to keep the scandal from engulfing his 
presidency and, in the process, calculating how to 
handle the tapes. After deciding to get rid of diem, 
he changed his mind. Alert to the hazard they posed, 
he nevertheless soon became forgetful again, even 
promising a “total pardon" for his implicated top 
aides as the recording machines continued to pick 
up his words. 

Until now, it has been widely believed that Mr. 
Nixon did not consider destroying his tapes until 
after a White House aide, Alexander Butterfield, 
publicly revealed their existence to the Senate Wa- 
tergate Committee on July 16, 1973. Mr. Nixon 
asserted in his memoirs that he decided against it 
after long discussions with his aides following Mr. 
Butterfield’s testimony. He was persuaded, he 


ut the more than 200 hours of 
newly transcribed tapes reflecting 
“abuses of governmental power’* 
— as tiie National Archives has cat- 
egorized these conversations — will 
serve as a counterweight to that im- 
age. Sixty hours of tapes had pre- 
viously been released, starting in the 
1970s. 

At the White House on April 9, 
1973, Mr. Nixon’ did not elaborate 
on incriminating discussions he had had with Mr. 
Dean. But other newly transcribed tapes show that 
in subsequent weeks be fretted over a long talk they 
had had on March 2 1 . During that session, Mr. Dean 
had warned Mr. Nixon of “a cancer on the pres- 
idency" and tried to bring the point home by 
emphasizing that the original Watergate defendants 
were demanding hush money — perhaps as much as 
$1 million 

“We could get that," Mr. Nixon told Mr. Dean in 
a taped conversation that became public during the 
1974 Hoose impeachment inquiry. “And you could 
get it in cash. 1 know where it could be gotten," he 
said, adding, “It would seem to me that would be 
worthwhile." 

During the previously undisclosed Oval Office 
conversations between Mr. Nixon and Mr. Hal- 
d eman, nearly three weeks after Mr. Nixon’s talk 
with Mr. Dean, the president recalled that he and the 
counsel had “discussed a lot of stuff." But Mr. 
Nixon then mused that some tapes might be worth 
keeping to prove that he never ordered the June 17, 
1972. Watergate break-in and bogging of Demo- 
cratic National Committee headquarters in the Wa- 
tergate complex. 

“Maybe we ought to keep the [tapes for] the 
whole goddamn campaign period," Mr. Nixon told 
Mr. Haldeman on April 9. * ‘We can prove we never 
discussed anything pertaining to the crummy Wa- 
tergate," he said, adding, “When you think of all 
the disoissions we’ve had in this room, that god- 
damn thing never came up." 

Mr. Haldeman threw cold water on the idea. 



Prelude to Watergate 

' i . . > .. ■ - 

Nixon Planned Trick to ‘Get’ Muskie 


Thr AwnaMrd FVWI07# 


“Who you going to prove it to?” he asked. Mr. 
Nixon’s opponents. Mr. Haldeman said, “could 
also argue that, you know — " 

Mr. Nixon finished the sentence for him: “ — 
that we destroyed stuff?" 

“Well, you discussed that," Mr. Haldeman 
replied. 

By that afternoon, the matter seemed settled. Mr. 
Haldeman told Mr. Nixon he would review the 
tapes, “pull out what we want, and get rid of the rest 
of it.” The discussion was elliptical, but they ap- 
peared inclined to preserve conversations pertain- 
ing to “tiie national security." 

“And we want to get rid of the rest of it," Mr. 
Haldeman repeated. 

“That’s right," Mr. Nixon agreed. 

Mr. Haldeman then tried to explain to Mr. Nixon 
how the taping system was triggered automatically 
by the Secret Service's “locator signal that tells 
what office you’re in." If Mr. Nixon wasn’t in a 
particular room, the tape recorders remained off. 
The two men tentatively decided to dismantle' the 
system and install a telephone recording device that 
Mr. Nixon could activate with a switch. . 

Mr. Nixon fought ferociously to prevent the tapes 
from falling into the hands of Watergate pros- 
ecutors, even to the point of triggering demands for 
his impeachment when he firedthe Watergate spe- 
cial prosecutor, Archibald Cox, in the “Saturday 
Night Massacre” of Oct 20, 1973. He finally lost 
tiie legal battle in the Supreme Court the next 
summer and, shortly thereafter, his presidency. The 
tapes had brought him down. 


By Walter Pincus 
and George Lardner Jr. 
MhJimkior Post Smicc 


WASHINGTON — Longbefore 
the Watergate scandal; President 
Richard Nixon demonstrated an 
aptitude forpolitical mischief, accord- 
ing to newly transcribed time record- 
ings from tiie Nixon While House. 

As 197 1 came to a close, Mr. Nixon 
expressed concern that the chief 
> obstacle to his re^electioo in Novem- 
ber. 1972 was Senator Edmund 
Muskie of Maine, who had 
as- the leading Democratic contenc 

B rains torming in the Oval Office 
with his top political aide, Charles 

Colson, On Dec. 23, 

1971, Mr. Nixon 
wondered aloud 

whether Mr. Muskie 
could be weakened by 
a strong challenge 
from another Demo- 
crat. “Should some- 
thing be done to fi- 
nance one of tiie 
Democratic candi- ' 
dates?" he asked Mr. 

Colson. 

When Mr. Colson suggested that 
Senator Edward Kennedy of Mas- 
sachusetts might fit the biU, Mr. Nix- 
on wanned to the idea. 

“Yeah. Put this down: I would say, 
a postcard mailing to all Democrats in 
New Hampshire," where tiie first 
presidential primary would take place 
m Utile over two months. “ 4 Wnte in 
Ted Kennedy,’ ’’ Mr. Nixon dictated. 
“Get every Democrat in the state." 

Three weeks later, on Jan. 12, 1972, 
Mr. Nixon and Mr. Colson again con- 
fared on the Muskie threat 

“We got to get Muskie, you know, 
out on tiie Umb on some of these 
critical issues," Mr. Nixon said. This 
time tiie president was looking ahead 
to .the critical Florida primary. 

“Now, get a massive mailing in 
Florida that he’s' against J. Edgar 
Hoover, a massive mailing that he’s 
for busing," Mr. Nixon urged. “Put 
, the necessary funds into getting mail- 
ings to every Democrat that he is for 
busing, that he is against Hoover and 
he’s against the space shuttle." These 
mailings, Mr. Nixon added, would be 
deceptively arranged “on the basis 
that it came from" Mr. Muskie, in an 
effort to baffle voters about Mr. 
Muskie ’s real positions. 


* Should something 
be done to finance 
one of the 
Democratic 
candidates ?’ he 
asked Mr, . Colson. 


: The secret Kennedy write%> jwji 
ect was undertaken first, sowing con- 
fusion and mutual suspicLon amocg 
tiie Democrats. On Feb. 22, 1 972, Mr. 
Kennedy, in an effi^ to reassert his 
noncandidacy, asked Thai his name be 
removed from the Wisconsin anti Ore. 
gon ballots. Y. ~ ‘ ; 'Y 

As for the Florida primary,. Mk,. 
Musldc’s candidacy had already taken' 
a nosedive after a mediocre showing, 
in New Hampshire, so Mr. NixoiV 
mass mailing became irrelevant - 
Mr. Nixon’s 1972 reflection cam- 
paign became infamous for a variety 
of “dirty tricks" intended so 


the political opposition, and it was 
that climate mat the Watergate bug. . 

ging attempt tran- 
spired. The ..tapes 
snow Mr. Nixod cal- 
culating how to divide 
and •- conquer - the-. 
Democrats more than 
a year before tiie elec- 
tion. 

For example, oa 
Octi- 6, 1971. Hairy 

Dent, a Wlatt House' 

political aide, told Mr. 
Nixon he had been talking to John 
Rollins, a Delaware businessman and 
major Republican contributor. Mr.. 
Rollins had an unusual idea he was 
willing to bankroll Mr. Dent said. 

Mr. Nixon coyly indicated that he 
was aware of the scheme. Mr. Rollins 
“should not talk to me," Mr. Nixon; 
said “He mentioned it a titties bit I 
mustn't know one thing about it" 
Later in the conversation, without of- 
fering specifics, the president assured 
MrTDent^Itmnbettone.'’ - 
The mystery is somewhat clarified 
in a tape recording three weeks later, 
on Oct 29, when the White Hoose 
chief of staff. H.R. Haldeman, asked -. 
Mr. Nixon if Mr. Rollins had . do* 
cussed secretly financing an inde- 
pendent black candidacy to pull votes 
away from the Democrats. 

“Oh, yeah," Mr. Nixon responded. 
As Mr. Haldeman explained, jftr. 
Rollins proposed running “newspa* 
per ads for a committee to elect Jesse 
Jackson.” Republican operatives 
would then send SI campaign con- 
tributions to Mr. Jackson from 4,000 
to 5,000 people in an effort to make 
him believe there was a grass-roots 
movement for his candidacy. 

It is unclear whether the scheme 
was ever put into effect 


W" 


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MEMORIAL 


A Memorial service for 
ELLEN K.E.ANTEVUCCI 
who peacefully passed 
away on October 24th 1997, 
will be held on Saturday, 
November 1st, 1997, at the 
main Church of Formcllo, 
Rome. 

Ellen wished no flowers 
but donations to ANTEA 
ASSOC IAZIONE (Via Piavc 7, 
00187 Rome, tel: +39-6- 
424313, open: M/W/Th 46pm 
and Tu/F 1 Gam- 12pm). 

Ellen has been a dear 
colleague and a friend to many 
of the people of AT&T where 
she worked for the last 5 years. 




AUTHORS 

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Duty-free shopping will disappear for good in 1 999 for travel 
within die 15-nation European Union. ~ 

“Duty-free sales are an anomaly” in a borderless Europe, 
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*S tar Wars’ at Washington Museum 

WASHINGTON (AP) — Twenty years after “Star Wars” 
launched a modem mythology, the National Air and Space 
Museum is offering Americans a chance to walk into that 
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The movie's director. George Lucas, was on hand to 
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TORONTO — A labor leader called Thursday for a general 
strike across Ontario to show support for striking teachers as 
they face a government attempt to force them back to work. 

■ ‘What’s needed here is to show the government that 
there’s more at risk than smashing the teachers’ strike,” said 
Sid Ryan, provincial leader of the Canadian Union of Public 
Employees. 4 4 We all have a stake in this strike.” 

Mr. Ryan asked for a meeting Monday with the Ontario 
Federation of Labor to choose a date for a general strike. 

Lawyers for the Conservative provincial government are 
going to court Friday to seek an injunction to stop the walkout 
by almost all of Ontario’s 126,000 teachers. 

If the injunction is granted, tiie teachers — who halted 
classes Monday for more than 2 million students — could be 
forced to end strike by early next week. The bill that provoked 
the call for a strike would give the provincial government 
power over issues that now rest with focal school boards. 



Rrtibfi 


Corrections 

Because of a technical 
error, the photograph oa 
Page 15 of Thursday's j 
Herald Tribune was not of ■; 
President Emil Con- ; 
stantinescu of Romania * 
but of Jueigen Sarrazin of ) 
Dresdner Bank. President \ 
Constantinescu is shown : 
at left. \ 

In some editions of die - 
Thursday paper, a photo- - 
graph of Presidents BiD ■ 
Clinton and Jiang Zenris 
was erroneously reprer 
duced on both Page 1 ariP’- 
Page6. 


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INTERNATIONAL HERALD TRIBUNE, FRIDAY, OCTOBER 31, 1997 


PAGE 3 


M llu k u, ■, * 2 Views on China Put 


THE AMERICAS 




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2 Californians at Odds 

Feinstein Cheers Jiang’s Visit; Peiosi Jeers 


By Elaine Sciolmn 

New York Times Service 


American business, she sn«i_ 

- “It i$ shameful for the United States 
to give a state dinner and a 21-gun salute 


WASHTNfrmv lu&ivcasiaiEanineranoazi-gunsaiutc 

other attacks. tw w PJ s -_The to die leader of a regime that crashed 

omer attacks. One danced with Jiang dissent in TtahanmoaiS<niare ” Ms. 

Sfef P,." 5 ?! 1 ™!- w !>=?_ h « Petosi said, “ft’s d» brawled 


* 


was mayor of Shanghai in the 1980s. 
The other protested in Tiananmen 
Square in Beijing in 1991 in memory of 
pro-demoo-acy demonstrators by 
soldiers two years earlier. 

Senator Dianne Feinstein -and Rep- 
resent 1 ^ Nancy Peiosi are both hard- 
chargmg Democrats from San Francisco 


* 


be on the same side of the most im- 
portant strategic challenge of the Clinton 
presidency; how to deal with China. 

Instead — as the state visit of Mr. 
Jiang illustrated — the two lawmakers 
represent polar ends of the debate over 
w hat to do about anuclear power with a 
3-million-man army, an abys mal hu- 
man-rights record,! one-fourth the 
world’s population and the fastest grow- 
ing economy in the world. 

For Ms. Feinstein, 64, whose hus- 
band has invested tens of millions of 
dollars in China on behalf of his clients, 
the answer is to make friends with the 
Chinese to bnDd a strong bilateral part- 
nership, make money for American cor- 
porations and perhaps change China’s 
bad behavior along the way. 

In Ms. Feinstein’ s view, Mr. Jiang's 
problem with America is that he is not 
given enough respect “I always felt he 
was underestimated. ’ ’ 

For Ms. Peiosi, 57, the key to dealing 
with China is to deprive die country of 
its preferential trade benefits until it no 


money can buy.” 

The two women’s activities sur- 
rounding the state visit underscore their 
differences. 

Ms. Feinstein is so close to Mr. Jiang 
that she visited .him in Beijing four 
weeks ago to suggest ways to make the 
state visit a success. Distressed that Mr. 
Jiang was only getting a lukewarm wel- 
come on- Capitol Hill, Ms. Feinstein 
organized a reception for him with her 
fellow senators at Blair House, the pres- 
idential guest house in Washington. 

Several senators, including Joe Biden 
of Delaware, the ranking Democrat on 
the Foreign Relations Committee, were 


snen an important foreign-policy event 
without consulting more senior col- 
leagues on the committee. Senate 
staffers said. 

At a coffee Tuesday for Chinese dis- 
sidents and former political 



longer tortures political prisoners, uses 
r, fore 


prison labor, forces women to have 
abortions and restricts freedom of 
speech and religion. Honoring Mr. Bang 
with a state visit represents die worst 
kind of pandering to the interests of 


chairman of the Senate Foreign Re- 
lations Committee and a longtime 
China-basher, the two women’s differ- 
ent approaches were cm display. 

Ms. Peiosi said it was an honor to be 
in the same roan with the dissidents, 
whom she called the “true heirs to 
Thomas Jefferson." • 

Ms.' Feinstem reminded the former 
political prisoner Haxxy Wu that she was 
instrumental in persuading Mr. Jiang to 
release him, Mr. Wo said. 

“I told her Jiang Zemin was the crim- 
inal responsible for the persecution,” 
Mr. Wu said he told bar. “I do not 
appreciate that he does a favor for me by 



POLITICAL 


Sm WjWyjlr AnwaMBd Pom 

Representatives Benjamin Gilman, left, and Nancy Peiosi huddling dur- 
ing a demonstration in Washington against Jiang Zemin's state visit. 


releasing me from prison.” 

While Ms. Feinstein attended the 
state dinner at the White House on Wed- 
nesday night with her husband, Richard 
Blum, Ms. Peiosi was at the alternative 
“stateless dinner” organized by activ- 
ists for Tibet at a hotel nearby. 

While Mr. Clinton was meeting Wed- 
nesday with Mr. Jiang at die White 
House, Ms. Peiosi spoke against tire 
Chinese government and the state visit at 
the human rights rally across die street. 


In a political environment in which 
almost any dispute between two women 
is still called a catfight, both lawmakers 
claim to be friends. 

Last week, Ms. Peiosi led a delegation 
of nine Democrats to Ms. Feinstein’s 
office to urge her to ran for governor. 

“There isn’t anything jike a cat- 
fight, ” Ms . Peiosi said. “Wedon’thave 
that word in our vocabulary. We agree 
on a thousand issues. We just have a 
disagreement on this one.” 


% 


N.Y. Officials Giving Jiang the Cold Shoulder 


By Jane H. Lii 

New York Tones Service 


f 


NEW YORK — Instead of the 21- 
gun salutes and warm official hancf 
shakes dial have greeted him on the first 
three stops of his state visit. President 
Jiang Z emin of China was facing a 
qhilly reception in New Yoric on Thura- 
day evening. Neither Governor George 
Patalri nor Mayor Rudolph Giuliani 
planned to greet him on his arrival or to 
attend a dinner reception for him ai the 
Waldorf-Astoria on Thursday everting. 

And to the dismay of some local 
Chinese leaders, Mr. Jiang is offering a 
slight of his own: He plans to avoid any 
visits to the Chinese communities in the 
city, one of the most important Chinese 
communities in die country. 

-Although business interest is the 
primary reason for his visit, human- 
rights issues seem to be at the core, of 
both, snubs. Aides to the governor and 
the mayor say die two officials wish to 
avoid any appearance that they condone 
China ’s imprisonment of political dis- 
sidents. And even a warm welcome far 
foe Chinese leader in Chinatown would 
give human rights protesters an oppor- 
- tunity to embarrass him. 

The twin slights reflect foe sensitive 
political geography of New York’s di- 


verse Chinese community. While die 
old, predominantly Cantonese power 
structure of Chinatown has been over- 
whelmingly pro-Taiwan, a flood of 
newcomers from Fujian Province in 
southern rhina has profoundly altered 
both foe balance of power and die sen- 
timent toward the mainlan d. While 
many of the Fujianese ask fa political 
asylum 00 arrival, they nonetheless re- 
main loyal to China. 

Dfifi&g his twb-night stay, Mr. Jiang 
is scheduled to tour the New York Stock 
Exchange and offices of International 
Business Machines, AT&T and Lucent 
Technologies; at the Waldorf, he will 
dine with top executives of major Amer- 
ican corporations. He also plans to meet 
with representatives from the city's 
Chinese community, either at the 
Chinese Consulate or at his hotel. 

For Mir. Patalri and Mr. Giuliani, foe 
snub is foe most expedient solution to a 
delicate situation. If they met with Mr. 
Rang and did not raise the issue of 
h uman rights, they would face criticism 
from activists who are concerned about 
it If they did raise the issue, they could 
trigger a diplomatic incident dial could 
backfire on New York-based companies 
seeking and doing business in China. 

Officially, the governor's office said 
he was not attending the event doe to 


scheduling conflicts. But privately, one 
of his aides said the governor was boy- 
cotting foe events to protest China's 
persistent human rights abuses. 

“Clearly the governor has concerns 
on that issue, as do milli ons of Amer- 
icans,” said foe aide, who insisted on 
anonymity. 

A spokeswoman for Mr. Giuliani, 
Colleen Roche, said the mayor also was 
boycotting die eventbecause of “grave 
concerns about China's human-rights 
policies.” 

To some political observers, the of- 
ficial snub says as much about Mr. 
Pataki's and Mr. Giuliani’s lack of di- 
plomacy as about China’s human-rights 
problems. 

“It’s a sign of remarkable rudeness,” 
said Mitchell Moss, director of New 
York University’s Tanb Urban Re- 
search Center, “to ignore the leader of a 
nation of 1.2 billion people, especially 
given New York’s role as the financial 
capital of foe world and China’s need 
for building its infrastructure and in- 
dustries. 

“But,”- he added, “there is no outer 
limit to the rudeness that can be ex- 
hibited in New York.” 

Some say that snubbing Plane is the 
wrong approach to resolving human- 
rights problems in China. Hank Morris, 


a Democratic political consultant, said 
the governor and the mayor were miss- 
ing an opportunity to confront Mr. Jiang 
00 foe topic. 

“To me extent New York is dis- 
pleased with China's human-rights 
policy , it is an opportunity to send China 
a message,” he said. “Showing up 
sends a signal. If you show up and say 
nothing, then it sends another signal.” 


Democrats 9 Debt 
Hurting Candidates 


Pungent Tax Waste: 
The $330,000 Toilets 


HAMMONTQN , New Jersey — 
The Democratic National Commit- 
tee’s huge debt stem ming from the 
1996 campaign is taking a toll on its 
ability to help stale and local can- 
didates compete with Republicans in 
three big races that will be decided 
next Tuesday. 

Largely because of continuing le- 
gal bills that have resulted from foe 
campaign finance scandal, the Demo- 
crats still owe more than SIS million. 
White House and Democratic offi- 
cials said in interviews that the party 
was so preoccupied with trying to 
clear this debt before foe 1998 
midterm election campaign that it had 
done far less than it did four years ago 
to benefit candidates seeking the gov- 
ernorships of New Jersey and Vir- 
ginia, where the Republican candi- 
dates are suffering no such shortage 
of help. 

Moreover, in the high-profile race 
on Staten Island, New York, to fill the 
House seat vacated by Susan Mo- 
linari, a Republican, the national 
Democratic Party has stayed on the 
ridelines entirely as its Republican 
counterpart has pumped $750,000 in- 


to a television advertising campaign. 

Trying to compensate for foe dis- 
parity, the While House significantly 
stepped up efforts this fall to send 
high-profile supporters — notably 
President Clinton, Hillary Rodham 
Clinton and Vice President Al Gore 
— to New Jersey, Virginia and Staten 
Island to campaign for the Demo- 
cratic contenders. “As usual, the Re- 
publicans have more money than we 
do,” said Donald Sweitzer, former 
political director of foe Democratic 
National Committee. “The additional 
problem we have is the massive debt 
atfoeDNC.” (NYT) 


WASHINGTON — Congress has 
found a new symbol of wasted tax- 
payer dollars: foe two-hole outhouse 
that foe National Park Service built 
for more than $330,000. Members of 
a House Appropriations subcommit- 
tee that oversees Park Service spend- 
ing also heard Wednesday that the 
Interior Department inspector-general 
and Genera] Accounting Office ex- 
perts criticize foe Park Service for 
building high-cost homes for employ- 
ees at foe Grand Canyon and 
Yosemite national paries. 

The subcommittee chairman. Ral- 
ph Regula. Republican of Ohio, de- 
cried such “gold-plated construc- 
tion" by the agency. “The average 
American cannot comprehend gov- 
ernment housing of $600,000 or toi- 
lets in excess of $300,000," he said. 

Much of foe congressional outrage 
was directed at what Mr. Regula called 
the “Taj Majal of restrooms.” The 
outhouse. 90 miles (145 kilometers) 
north of Philadelphia in foe Delaware 
Water Gap National Recreation Area, 
features a slate, gabled roof, cottage- 
style porches and a cobblestone foun- 
dation that can withstand an earth- 
quake. The baseboards are covered 
with $78-a-galk>n paint and foe wild- 
flower seed planted around the foun- 
dation cost $720 a pound. { I VP) 


Quote /Unquote 


Ross Perot, explaining that he 
thought of going to Washington to 
“bang on some doors” to try to get a 
campaign finance bill passed, but 
concluded it would be a waste of time: 
“Facts and testimony don't mean 
anything there. It's who's paid off 
who that means everything.' ‘ (NYTl 


Away From 


Politics 


• Nearly 112,000 illegal immigrants 
were forced to leave the United 
States last year, many with criminal 
records. Nearly half of those deported 
or otherwise removed bad criminal 
records, according to Attorney Gen- 
eral Janet Reno and the head of foe 
Immigration and Naturalization Ser- 
vice, Doris Meissner. (AP) 


Carolina's highest court has upheld a 
woman's conviction for taking drugs 
while pregnant. The court ruled. 3 to 
2, for the second time in two years, to 
uphold foe conviction of Cornelia 
Whitner, who gave birth to a baby 
with cocaine in his blood and was 
sentenced to eight years in prison for 
child neglect in 1992. (API 


• A tentative settlement that would 
pay a total of $4.3 million, or $36,000 
to $ 66,000 to each family of cancer 
patients who were given large ex- 


• Following up on a ruling that a 
viable fetus is a person covered by 
the state’s child abuse laws. South 


penxnental radiation doses during the 
ColdWs “ • - 


ter at General Hospital in Cin- 
cinnati, has been approved by District 
Judge Sandra Beckwith. (AP) 


More Choice on Race in Census 2000 


By Barbara Vobejda 

Washington Parr Service 


WASHINGTON — 
Ameri cans for the first time 
will be allowed to choose 
more than one racial category 
when describing themselves 
on foe census and other fed- 
■ eral forms, foe" Clinton ad- 
ministration announced. 

The decision ends a long- 


standing practice of forcing 
people to identify themselves 
as a member of only, one ra- 
cial group, a policy that has 
led to growing complaints in 
the face of high rates of im- 
migration and interracial 
marriage that have made foe 
nation increasingly diverse. 

Census figures are used to 
redraw political boundaries, 
airforce civil, rights pTOtec- 


ous 


■V 








i > 


c* 






Battle Lines Drawn 
Over Court Nominee 


By. Neil A. Lewis 

New York Times Service 


|>S>* J v*" ■ — — i — 

WASHINGTON — Conservative Republican senators 

fnmvr^te bar association president selected t^y mt. 


aSS. fora federal SStobeen 

apj * 0 ** 1 Jy *Si*?S*i «3red by the full Senate, 
firmation 'S^Merablican of Missouri, acknowl- 
Wd used aSerudeprocefone 
iSHSf?? 9 toblock thatconsidenitionbutsaidhe 

would n°w lift ^ vicwed ^ Morrow as typical of 
te-jSSSfflS" whom, he said. Mr. Climon 
chooses. 


’^iuld welcome the opportunity to debate the W 

sue," the senator rv™x:rattf California, spon- 

sor Bart^BMwEtomcrat 

soring the normnamm,^ ™e. „ _ 


kjnwiv - — — _ . „ ij-j “Fine, lei s nave at la- 
iring the nommauon* rep concerned by whal 

Mr. Ashcroft sai d h e JjSJJjjs andherdisdainfor 

e saw as Ms. Morrow s^e issues on foe ballot, 

nrooensity to pui * ... 


he saw as Ms. on the ballot. 

S^S^S^onof Ms. Morrow’s 

S! “-SUy - ° f "* 


tions and administer nnmer- 
that depend on 
data. At the same time, 
foe issue has come to sym- 
bolize less tangible tensions 
over the way Americans per- 
ceive and describe them- 
selves racially. 

“This gives far more flex- 
ibility for people to express 
their multiracial heritage,” 
said Franklin Raines, foe di- 
rector of foe Office of Man- 
agement and Budget, in an- 
nouncing the policy. 

The decision, which does 
not require congressional ap- 
proval, follows foe unani- 
mous recommendation of 30 
federal agencies and comes 
after more than four years of 
debate over bow to best count 
multiracial families. The new 
policy will be in place for foe 
2000 census and some agen- 
cies might implement it be- 
fore then, but all’ must have it 
in-use by 2003. 

In foe previous ceps os, 
Americans were told to mark 
one box and given several 
choices: white, black, Amer- 


ican Indian, Eskimo, Aleut or 
several Asian or Pacific Is- 
lander groups. 

The result was a set of pop- 
ulation figures that could be 
neatly tabulated, but left 
many in foe public feeling 
dissatisfied at being forced co 
choose one heritage over an- 
other. Nearly 10 million 
Americans marked “other.” 

In the 2000 census, people 
can check off as many cat- 
egories as they like, yielding a 
much more complex picture 
of diversity, but also creating 
a somewhat unwieldy com- 
bination of numbers. 

Ultimately, administration 
officials say, foe government 
would publish population 
totals for each category, and 
for every possible combina- 
tion. The Census Bureau, for 
example, would release foe 
number of Americans identi- 
fying themselves as white 
only, a separate number of 
those considering themselves 
both white and black and a 
third tally of those checking 
white, black and Asian. 


Gan climate change be harnessed 
through voluntary measures by 
business and. government, or are 
targets and timetables necessary? 


Don’t miss the !HT Sponsored Section on ‘Eemrvnment: The 
fhqflrnft! afCRmatc Ckanoe " oft Dec. 1, 1 997. The IHT will 
be distributed at the UN Framework Convention on Climate 
Change (Kyoto, Dec. 1-10). 

For advertising rates or a synopsis, fax Bill Mahder in Paris at 
+33 1 41 43 92 13, send an e-mail to supplements@ibt.com or 
contact your local IHT representative. 


KnorunMi. 


•me worlds paju wEs»snu*Ea 


Financial Turmoil in Asia. 


How Serious? 
Will It Spread? 


A Special Section on Monday, November 3rd. 



The plunges in stock 
markets and curren- 
cies in much of Asia 
in recent weeks have rattled economies 
and forecasts throughout the region, as 
well as in Europe and America. 


in Asia, Europe and the United States and 
ten individual country portraits by corre- 
spondents focusing, concisely, on 
Thailand, Malaysia, Indonesia, the 
Philippines, Hong Kong, China, Taiwan, 
Singapore, Japan and South Korea. 


As part of its continuing daily coverage of 
this important and dramatic story; the 
International Herald Tribune will provide 
a special section on Monday, November 
3, bringing together the best up-to-date 
assessments of: 


How serious is the decline in Asian 
economies? 


The currency crisis gripping the region 
had its roots in Thailand's currency deval- 
uation on July 2. It was on the front page 
of the July 3 International Herald Tribune 
and it has stayed on the front page con- 
sistently as the story has unfolded and 
spread. 


■ What are the likely consequences in 
Asia, Europe and America? 

■ What will it take to bounce back? 

■ What is the longer term outlook? 

Included in this special section are 
overview pieces from IHT correspondents 


Don't miss this Special Section 
on November 3 
for continuing coverage - 






THE WORLD’S DAILY NEWSPAPFtt 




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»««•** 


9 


PAGE 4 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, OCTOBER '31, 1997 



ASIA/PACIFIC 


Rebel Chief Backs Coup 
In Visit to Phnom Penh 


The Associated Press 

PHNOM PENH — A leading Khmer 
Rouge defector endorsed the -July coup 
in Cambodia on Thursday and said that 
thousands of guerrillas undo- his control 
were at the government's command. 

After talks with the coup leader, Hun 
Sen, in the capital, Ieng Saiy said he was 
convinced that Mr. Hun Sen acted to 
“save the nation.” 

Mr. Ieng Sary was deputy prime min- 
ister of the Khmer Rouge regime that 
ruled Cambodia from 1975 to 1979. 
killing more than 1 million people. 

His visit to Phnom Penh this week is 


Japan Opens Doors 
Next Month to Wives 
Of North Koreans 


Reusers 

TOKYO — Japan said Thursday 
that 15 Japanese women married to 
North Koreans and living in the 
Stalinist state would visit their 
homeland for a week starting Nov. 
8 . 

“The government warmly wel- 
comes the realization of the visit by 
the Japanese wives who for a long 
time were unable to set foot in Ja- 
pan," said the government spokes- 
man, Kanezo Muraoka. An estimat- 
ed 1,800 Japanese women moved 
with their spouses to North Korea 
between 1959 and 1982. 

Pyongyang had refused to allow 
the women to visit Japan, and the 
issue had remained a thorn between 
the countries until they agreed to 
begin normalization talks in August. 

Japan established diplomatic re- 
lations with capitalist South Korea 
in 1965 but has yet to forge formal 
ties with the Communist North. 
This month, Tokyo announced that 
it would offer $27 million worth of 
humanitarian aid to Pyongyang. 

Most of the Japanese women, 
whose husbands are descendants of 
Koreans who moved or were brought 
to Japan before World War II. have 
not been heard from for years. 

The first 15 who are to visit are 
aged 55 to 84. Most of them moved 
to North Korea in the 1960s. 


his first since the invading Vietnamese 
Army toppled the Khmer Rouge two 
decades ago. 

Mr. Ieng Sary said the trip was a 
“historic one to work for peace and 
national reconciliation.” He also said he 
would be willing to testify against his 
former leader, Pol Pot 

“If it benefits die nation, I will,” he 
said. “Otherwise, I will not.” 

The chance of Mr. Pol Pot, 72, being 
tried by an International or Cambodian 
government court is near zero. He was 
reportedly deposed in June in a power 
struggle within the last hard-line Khmer 
Rouge faction, which is holding him 
under house arrest in a northern jungle 
stronghold. 

Mr. Ieng Sary led thousands of Khmer 
Rouge fighters in defecting to the gov- 
ernment in August, fragmenting the 
guerrilla movement Government talks 
with the last hard-liners were interrupted 
by the coup, in which Mr. Hun Sen's co- 
prime minister. Prince Norodom Ranar- 
iddh, was deposed. 

The Khmer Rouge and Prince Ranar- 
iddh's party had been allied a gains t the 
Vietnamese-backed government led by 
Mr. Hun Sen in the 1980s.' 

Mr. Ieng Saiy is closer to the ousted 
prince than to Mr. Hun Sen, and his 
forces would have been a significant 
threat to the coup leader had he come out 
in opposition to him. 

Mr. Hun Sea briefed him Wednesday 
on the events leading to the coup, and 
Mr. Ieng Saiy said he was convinced 
“the government had taken legitimate 
measures” 

Mr. Ieng Saiy also said he thought the 
prince should be tried for alleged mis- 
deeds, including his peace negotiations 
with Khmer Rouge hard-linos in the 
months before his removaL 

Mr. Ieng Sary himself received a gov- 
ernment amnesty for leading his guer- 
rillas to peace with the government. But 
until this week, he had stayed in P ailin, 
350 kilometers (220 miles) northwest of 
Phnom Penh. 

The last Khmer Rouge leader to come 
to P hno m Penh was Khieu Samphan, in 
1992. He was chased from the capital 
within hours of his arrival by a mob 
throwing rocks and debris. 

“Frankly, I was not afraid that people 
would demonstrate against me,” Mr. 
Ieng Sary said. “There are people who 
asked me to come.” 



RELIEF FOR THE HUNGRY — Indonesian villagers eating food distributed by aid workers in a 
drought-hit area of Irian Jaya, western New Guinea. Officials said that 507 people have died there. 


Asian Nation# 
Cheer Resuhs 

With Clinton 



Agrnre FnMct-Pnitc 
HONG KONG — China's 

Thursday bailed the summit m 

tween Presidents Bill Clinton and __ 
Zemin as i major step toward peace) 
stability in Asia. • r 

Seoul welcomed the agreem en t 'by 
Mr. Cfinion and Mr. Jiang to jointly urge 
North Korea to return ft: $e peace 
table. 

“The government 
dates that the United 


Bitter Judicial Dispute Escalates in Pakistan 


Agence France-Presse 

ISLAMABAD, Pakistan — A bitter 
dispute between the government and the 
chief justice escalated Thursday after 
Parliament backed the government in a 
conflict over judicial appointments. 

Prime Minister Nawaz Sharif, who 
touched off die crisis by refusing to 
appoint five judges to the Supreme Court 
as recommended by Chief Justice Sajjad 
Ali S hah, appears to have won fall sup- 
port from his legislators and party. 

The government and judiciary are 
deadlocked, with Justice. Shah refusing 
to bade down in his attempt to raise the 
court’s numbers to 17. 

Mr. Sharif has maintained that it is up 
to Parliament to determine the size of tne 
top court. 

A Supreme Court bench presided over 
by Justice Shah asked President Farooq 
Ahmed Leghari on Thursday for his 
support It acted under a constitutional 


clause which says that “all executive 
and judicial- authorities throughout 
P akistan shall act in aid of the Supreme 
Court.” 

In an earlier salvo Wednesday, Justice 
Shah and two other judges suspended a 
key constitutional amendment, provok- 
ing a battle cry from the 217-member 
lower house of Parliament. 

Under no circumstances would Par- 
liament “surrender” its authority to 
pass legislation including constitutional 
amendments, the house declared in a 
resolution late Wednesday as deputies 
launched a fiery attack on the chief 
justice. 

The 14th Constitutional Amendment, 
unanimously adopted by Parliament in 
June, was suspended by Justice Shah on 
Wednesday until a final court decision 
on a legal challenge. 

The amendment gives leaders of 
parties great power over their deputies. 


enabling them to disqualify any law- 
maker committing a breach of party dis- 
cipline, voting against the party or ab- 
staining from a vote. 

Justice Shah said members of Par- 
liament from the ruling party felt they 
could be unseated if they voiced a “can- 
did opinion according to their con- 
science” that was contrary to party 
policy. 

The government said the' law was 
designed to stop the endless horse-trad- 
ing in Pakistani politics. 

But it has been dubbed “anti-dissent” 
legislation by lawyers who have chal- 
lenged it in the Supreme Court 

The main opposition Pakistan 
People’s Party, led by the former prime 
minister, Benazir Bhutto, and other op- 
position groups say Mr. Sharif has 
turned Parliament into a “rubber stamp 
farrari," and they have thrown their sup- 
port behind Justice Shah. 


DEBATE: 2 Chiefs Spar on Human Rights 


Continued from Page 1 


remain divided by political values and 
systems as contrary as they were during 
the Cold War. 

Differences over human rights, which both 
sides had said would be just one of several 
issues that would define the summit, was die 
source of ail die drama at the news conference. 
In his opening statement, Mr .' Clinton said that 
freedom erf dissent and religious worship — 
both sharply restricted for Guna’s 12 billion 
people — were not die “birthright of Amer- 
icans or Westerners, but of people every- 
where." and noted the “fundamental dif- 
ferences" over human rights, even as the 
relationship improves on some other fronts. 

Mr. Clinton was under strong domestic 
pressure to address human rights abuses. 
Even as he met with Mr. Jiang at the 
White House on Wednesday, protesters 
on both the left and right were denoun- 
cing his strategy of "engagement” as 
doing nothing to advance religious free- 
dom or the rights of political dissidents. 

Some activists dismissed Mr. Clinton's re- 
marks at the news conference as rhetorical 
performance, allowing him to appear con- 
cerned about the issue even though the summit 
meeting produced little tangible result, such as 
the release of jailed dissidents, beyond 
Beijing's acceptance of a future visit by U.S. 
religious leaders. 


. “It was lose-lose-lose on h uman 
rights,” said Mike Jendrzejczyk, Wash- 
ington director of HiimanRights Watch/ 
Asia, referring to Mr. Clinton’s descrip- 
tion of a nuclear technology transfer 
agreement as a “win-win-win” accord. 

As political theater, however, the 
news conference was an uncommon mo- 
ment in big power relationships. In their 
exchange over Tiananmen Square and 
the bloody crackdown on pro-democ- 
racy activists by Chinese troops, Mr. 
Clinton and Mr. Jiang sparred over who 
would have the last word. 

First, Mr. Jiang defended die Chinese 
government's actions. Then, Mr. Clin- 
ton countered that “what happened and 
the aftermath” continue to justify U.S. 
sanctions, and limit China’s “level of 
support in the rest of the world.” 

Mr. Jiang jumped back in. China and 
the United Stales have different “historic 
and cultural traditions,” he said, and the 
"concepts on democracy, on human 
rights, and on freedoms are relative.” 

Mr. Clinton intervened before another 
question could be asked. “Let me — I 
just have to say one other thing,” he said, 
then brought up some of his own griev- 
ances to make a point about free speech. 
’*1 think it would amaze many of oar 
Chinese guests to see some of the things 
that have been written and said about me. 


Reno Sets Meeting 
With. China Minister 


. . Reusers 

WASHINGTON — Attorney 
General Janet Reno said Thursday 
that she would meet next month 
with Justice Minister Xiao Yang of 
China for talks that will include 
China’s cooperation with fee U.S. 
investigation into campaign-fi- 
nance allegations. 

“I have let it be known that we 
will be addressing the issues of how 
we can cooperate on the campaign- 
financing investigation,” she said. 

Ms. Reno said fee meeting had 
been scheduled for Nov. 17 in 
Washington. 


wiaw , — - states arid 

agreed to make joint efforts to h e l p brin g 
a permanent peace ro fee Korean! Pen- 
insula through fomvway- talks,' *\ fee 
South Korean Foreign Ministry sxdd. 

Seoul said it also hoped Mr. Jiang’s . 
U.S. visit would “serve; as 'an oppor- 
tunity to improve fee Chinesc-U.S. ties 
and help bring peace and stability to fee 
Far East.” 

Prime Minister Ryu taro Hashimoto of 
Japan said solid ties between fee two 
countries and Japan were indispensable 
for stability. 

“Without solid triangular relations 
between Japan and the United States and 
rhina, Asia’s stability is unlikely,” Mr. 
Hashimoto said. 

Mr. Clinton assured Mr. Jiang that fee- 
new U.S. -Japanese security agreement 
was not directed at China. - 

- “It is unavoidable that some differ- 
ences will emerge whoa heads of two 
countries meet,” Mr. Hashimoto added, 
“but feat the two countries will try to 
maintain their relations in fee future is 
not meaningless. I think it is significant 
that the two leaders shook hands.” 

Prime Minister Vincent Stew of 
Taiwan said Taipei would welcome im- 
provement in relations between Beijing 
and Washington if it helpecfto maintain 
regional peace and fee push for reforms 
in mainland China. 

Foreign Minister Jason Hu said Mr. 
Jiang and Mr. Clmtonhad shown ‘‘fneod- 
liness” toward Taipei at the meeting, hot 
he told fee Parliament in Taipei thallefe 
pending relations between fee two coun- 
tries “would certainly have an impact on 
Taiwan and hurt Taiwan's interests.” - 

He said President Lee Teng-hui of 
Taiwan had been impressed by fee U.S. 
stand an freedom, democracy and hu- 
man rights. 


SUMMIT: There Is Plenty of Process, hut Not Much Progress 


Continued from Page 1 


For the usually ebullient Mr. Clinton, 
who often points with pride to landmarks 
and milestones and political break- 
throughs, it was a- telling omission that 
epitomized the difficulty of relations be- 
tween Beijing and Washington. 

If he seemed muted, an American 
official said, it was because the nego- 
tiations before and during this summit 
conference, the first of its type in more 
than eight years, have been marked by 
“ask-no-quarter, give-no-quarter bar- 
gaining.” 

The official said that “after days and 
days and days, we have found it difficult 
to have even fee most basic kinds of 
discussions wife China,” except for an 


by the gyrations of Wall Street, gyr- 
ations that had their origin in Southeast 
Asia and in China’s new administrative 


zone, Hong Kong. • 

r IS years ago, Americans and 


my family, our government, our 
policies,” he said. “And yet after all tins 
time I’m still standing here, and our coun- 
try is stronger than it was before those 
words were uttered six yeara ago.” 

For all its theater, fee significance of 
fee human-rights exchange remained fee 
subject of much debate Wednesday. 

Administration officials said feat Mr. 
Clinton and Mr. Jiang could have robust 
disagreements over human rights, while 
still enjoying the benefits of “engage- 
ment” on other issues. 


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nuclear re- 
actor technology. 

On fee crucial Question of human 
rights, fee two leaders might as well 
have been on different planets, for all the 
meeting of minds they achieved. Top 
American negotiators had tried to -con- 
vince M. Jiang at least to express .re- 
morse for fee deaths of demonstrators in 
Tiananmen Square in 1989, even if he 
was unwilling to say fee decision to open 
fire was wrong. 

When Mr. Rang did not do so, and 
instead said at the news conference that 
the Chinese government had ' ‘drawn the 
correct conclusion” and moved swiftly 
to insure stability, and when be said 
blandly that “it is just natur al for our two 
countries to hold different views on 
some issues,” Mr. Clinton had no 
choice, his aides said, but to respond 
bluntly. 

He did so. asserting that fee shootings 
and “fee continuing reluctance to tol- 
erate political dissent” had kept China 
from developing a significant level of 
support in the world. 

It was a stark admission of failure, 
unusual in the annals of summit meet- 
ings. 

The plain fact is that in Cbinese- 
American relations many of the most 
important questions are not susceptible 


Only 

their government felt powerless to 
fee march of fee Asian economies, ani 
they feared fee loss of jobs and control of 
American financial markets. Now, they 
feel powerless to halt fee rot in Asian 
economies, and they still fear fee loss of 
jobs and control of the American fi- 
nancial markets. 

When cracks began to appear in the 
“tiger” economies of Southeast Asia 
some months ago, fee administration 
decided not to attempt any bailout of the 
type used successfully during the Mex- 
ican crisis of 1994-1995. 

Mr. Rubin has repeatedly said that the 
United Stales must not allow itself to be 
seen as the world's banker of last resort, 
ready to step into every financial crisis 
everywhere. To do so, he has contended, 
would spawn more crises. 

Even after. Monday's plunge in stock 
prices on Wall Street, there was more 
talk than action in Washington. Thai 


JIANG: China Leader Goes to Capitol Hill 

Continued from Page l 


to solution by top political leaders, or 
phble < 


they- are susceptible only by 


are' 


mg to accept. 

Most of tiie progress that has been 
made, and it is limited, has been made by 

businessmen and only ratified later by 


governments, like fee big' deal under 
50 iedii 


which Boeing will sell 50 jetliners to 
China. 

“In many senses," Treasury Secre- 
tary Robert Rubin told American ex- 
ecutives in Beijing last month, “you 
have invested in this relationship more 
folly than we have in Washington.” 

And Wednesday, Mr. C Union gave a 
certain primacy to economics when he 
was asked why the United States did not 
try to broker an agreement between 
Oiina and Taiwan, as ft had sought to do 
in Bosnia and the Middle East. 

‘ ‘Since so much investment and con- 
tact has gone on in the last few years 
between Taiwan and China, I think the 
Chinese people know how to resolve tills 
when the rime is righr,” he said, taking 
the bail from the hands of fee diplomats 
and putting it squarely in fee hands of fee 
businessmen. 

Except in Washington', where such 
events always matter more than they do 
in the country at large, fee spotlight has 
been stolen from the summit conference 


plaints about Chinese behavioron issues 
r ang i ng from trade to forced abortions to 
treatment of dissidents, Mr. Jiang 
praised the Congress for* contributing to 
improved relations.' 

Representative Newt Gingrich, fee 
speaker of fee House, called fee en- 
counter wife Mr. Jiang an “encouraging 
dialogue” and said it would create a 
“framework, for a peaceful evolution” 
of U-S.-Chinese relations. He said M. 
Jiang had invited him, to visit Tibet 

Some legislators found Mr. Jiang’s 
responses unpersoasive. “He told sev- 
eral whoppers,” said Representative 
Christopher Cox, Republican of Cali- 
fornia. including a denial that China had 
sold weaponry to Iran. 

A vocal critic of the Beijing gov- 
ernment, Representative Nancy Pelosi 
Democrat of California, said M. Jiang 
offered indirect responses to questions 
about faced abortions, religious per- 
secution, Tibet and weapons prolifer- 
ation. 1 ‘The (Questions were f rank, but he 
wasn’t frank in responding. He was eva- 
sive bM engaging.” . 

Ms. Pelosi was a key speaker Wed- 
nesday at a Washington rally held to 
protest the Jiang visit. 

But while Mr. Jiang faced tough 
words, he appeared keenly aware of 
Congress’s role in influencing U.S. 
policy on China. -He praised both polit- 
ical parties and noted wife pleasure that 
more than 100 members of Congress had 
visited China in the past year. 

Both Republicans and Democrats have 
criticized Mr. Clinton’s engagement 
policy wife China, which wasofficially 
described Wednesday as heading toward 
"a constructive strategic partnership.” 

They have also attacked Beijing on 
human rights, weapons proliferation and 
Taiwan, while debating each year fee 
wisdom of mamtaining normal rrade re- 
lations wife China. ^ 

■ ° •!. M Ur 5$ y ' iQ Congress crit- 
roizeoMr. Clinton s decision to certify 
fear China had acted to curb sales of 
nudear matenals to Iran, a finding feat 
should allow U.S, companies to sell nu- 






I 


idlV 

rt . 

■Ml * 1 


first 

n 




’■* 


,,r M7 I 




V"» i 




brought criticism from some experts on 
fee region. Including a former ambas- 
sador, a Democrat, who described fee 
failure to intervene as “a craven and 
ultimately damaging approach.’ ' 

Ultimately, government has to be in- 
volved in some areas, no matter what the 
problems, because there are a number of 
tilings feat business cannot or will not da 
Human rights is one subject to which 
business executives are averse. Nor do 
they negotiate trade agreements. Con- 
sequently, tiie Clinton administration has 
put a huge effort into finding some way to 
integrate China into the world economy 
and into making it possible for Beijing to 
join fee World Trade Organization. 

But no headway at all was reported 
after this summit meeting on that dif- 
ficult subject, either. 

The best the two leaders and their 
associates could do was concentrate on 
process, agreeing to meet regularly and 
to set up a communications link. Mr. 
Clinton agreed to visit China next 

S . M. Rubin and Zhu Rongji. 

‘s economic czar, agreed to talk 
about instability in financial markets. 


V 1 


clear reactors to China. “We understand 
you have made certain commitments on 
limiting - nuclear cooperation, and we 
support those commitments," Senator 
Trent Lott, the majority leader, said. 

“We remain concerned, however, 
about other areas of cooperation: on 
chemical weapons and on missile sys- 
tems and technology.” 

M. Gingrich, a former history pro- 
fessor, led Mr. Jiang on a tour or the 
Capitol Rotunda. 

“I reminded our Chinese guests,” he 
said later, “that you cannot have eco- 
nomic freedom without political free- 
dom, and you cannot have political free- 
dom without religious freedom.” 

_ cauuot have a system that is 

half-totalitarian and half-free,” he said. 
“It will not survive.” 

Mr. Jiang was met by applause when 
he entered fee room for the working 
breakfast wife fee congressional leaders. 
He sat at a table, under a portrait of 
George Washington, between Mr. Lott 
and Mr. Gingrich. 

Among the many issues raised in Con- 
gress is tiie question, now. being in- 
vestigated by the Justice Department 
and legislators, whether the Chinese 
government tried to influence fee U.S. 
election last year through illegal cam- 
paign donations, which China denies. 
Attorney General Janet Reno, who is 
looking into the matter, said Thursday 
feat she would discuss it with the 
Chinese justice minister. Xiao Yang, in - 
Washington on Nov. 17 . 
e *l ar ^ 1 China critics, the Senate 
Foreign Relations Committee chairman, 
Jesse Helms, Republican of North Car- 
olina, and Representative Benjamin Gil- 
njM, Republican of New York, fee 
chairman of the House International Re- 
lations Committee, scored Mr. Clinton 
warm welcome for Mr. Jiang. 

The administration’s policy toward 
China has been an abject failure,” Mr. 
Helms sard. 

Mr. Gilman said: “The president has 
described his policy towaroChina as one 
of constructive engagement, I think it 
nas more on the order of appease- 




!■* 

Va 




f 

K 


Ti 



PAGE 5 


INTERNATIONAL. HERALD TRIBUNE, FRIDAY, OCTOBER 31, 1997 


EUROPE 


BRIEFLY 


Pope s Aide Discusses 
Blame in Holocaust 


VATICAN CITY — A top Roman 
Catholic theologian, openinga Vatican 
symposium, said Thursday that Chris- 
oan religious prejudices against Jews 
had stifled the capacity of people to 
react to anti-Semitism in the Nad era. 

The statement by the Reverend 
Georges Cottier was significant because 
-S 1S C OSC to W® Paul IL 
The symposium was called to study 
; prejudices and pseudo-theological 
judgments " Father Cottier said, 
‘ w “ ch served as pretexts for the un- 
justifiable vexations suffered by the 
Jewish, people in the coarse of their 
lu ?«°7' J These P r ^ udice s. so to speak, 
stifled me capacity for evangelical re- 
action among many people when 
* Europe was engulfed by the anti-Semit- 
ism of National Socialism. * ’ (Reuters) 


Slovakia to Bring 
Gypsies Back Home 

BRATISLAVA, Slovakia — Slov- 
akia has offered to repatriate a group Of 
gypsies seeking asylum' in Britain, 
Prune Minister Vladimir Meciar 

“We are negotiating with the Fr en ch 
and British authorities to that effect,” be 
said in a television interview late Wed- 
nesday. “We shall send a bus for them 
and transport them back to Slovakia." 

‘ ‘Those coming later will have to pay 
their own fare back," Mr. Meciar ad- 
-‘fcd- ( Reuters ) 

A Mayor for London? 

LONDON — More than a 
after Margaret Thatcher’s Conserva- 
tives abolished London’s city council, 
the new Labour government has set the 
date for a referendum on a directly elect- 
ed mayor and assembly in the capital 

The referendum, the Greater London 
Authority Bill, was published in Par- 
liament on Wednesday, announcing 
May 7 as date for the vote. The bill is 
expected to pass. (AP) 


2 Germans Sentenced 

MOENCHENGLADBACH. Ger- 
many — A German court sent two Ger- 
man businessmen to prison Thursday 
after finding them guilty of supplying 
electrical components to Libya for the 
manufacture of chemical weapons. 

Detlev Crusius, 55, was sentenced to 
four years and three months in jail, 
while’ his co-defendant, Udo 
Buczkowski, 49. was jailed for three 
years and six months. (Reuters) 


Polls Favor 
McAleese as 
Ireland Votes 

The Associated Press 

DUBLIN — Ireland-voted for a new 
president Thursday after a race dom- 
inated by women with little experience 
in politics. 

Opinion polls indicated that the 
campaign boiled down to a contest 
between Mary McAleese, a lawyer 
and academic from Northern Ireland, 
and Maiy Banotti, a member of the 
European Parliament and the only ca- 
reer politician in the five-way race. 

About 2.7 million people were eli- 
gible io vote; and results will be coun- 
ted on Friday. 

A pollpu Wished Wednesday in The 
Irish Times showed that Ms. 
McAleese was die first choice of 37 
percent, while Ms. Banotti, 58, trailed 
at24perceol. 

Three other candidates, including 
the lone male in the race, were below 
10 percent each. 

Ms. McAleese, 46, campaigned on a 
theme of “building bridges," includ- 
ing between the Protestant majority 
and her fellow Roman Catholics in 
British-ruled Northern Ireland. 

In a final campaign stop in Long- 
ford on Wednesday, she spoke of 
working for “comfortable, easy, 
happy friendships that people who live 



Mary McAleese, leading the race to be Ireland's new president, 
appearing Thursday in Dublin with Prime Minister Bertie Ahem. 


next door to each other are entitled 
to .V 

Ms. Banotti barnstormed Dublin on 
Wednesday in a double-decker bus 
with the Latin Soul Salsa Band belting 
out rhythm from die upper deck. 

“The result is still wide open,’ ’ she 
said. 

“Twenty percent of the voters are 
still undecided." 

According to The Irish Tunes poll. 
20 percent of its sample of 1 ,000 adults 


had not made up their minds when they 
were interviewed Monday. The poll 
had a margin of error of 3 percentage 
points. 

Dana Rosemary Scallon. 46, a na- 
tive of Northern Ireland who now lives 
in Alabama, was the choice of 8 per- 
cent; Adi Roche, 42, an anti-nuclear 
■campaigner, was a point behind, and 
Derek Nally. 61. former policeman 
and victims' rights advocate, was at 4 
percent 


A Boon to Blair: Tories Still at Odds Over Euro 


By Tom Buerkle 

international Herald Tribune 

LONDON -r- The divisions over 
European monetary union that helped 
drive Britain’s Conservative Party from 
power in May erupted again Thursday, 
weakening the party’s new leader and 
offering a political boon to the Labour 
government of Prime Minister Tony 
Blair. 

Michael Heseltine. deputy prime 
minister under John Major, added his 
voice to a growing revolt by pro-Euro- 
pean Conservatives after party leaders 
decided last week to oppose British 
membership in a single currency for as 
Jong as the next 10 years. 

“Let’s be absolutely clear, there’s 
going to be a single currency." Mr. 
Heseltine said on BBC radio. 

“The only issue is when Britain joins, 
because join we will," he said. “The 
longer we delay, the longer we fail to tell 
the British people the truth about Britain’s 


relations with Europe, the more damage 
we do to our national self-interest and 
someone has to lance. this boiL" 

Mr. Heseltine spoke one day after 
Kenneth Clarke, the former Conserva- 
tive chancellor of (he Exchequer, called 
for a cross-party campaign to take Bri- 
tain into monetary union. The Conser- 
vative spokesman on Northern Ireland, 
Ian Taylor, also stepped down this week 
to protest the party’s “outright hos- 
tility” to the single currency. 

The revolt by some of the party’s 
most senior figures posed a serious chal- 
lenge to the authority of Mr. Major’s 
successor as party leader, William Hag- 
ue, whose attempt to unite the party by 
toughening its positron an monetary un- 
ion appears to have backfired. 

Only last week, Mr. Blair’s cabinet 
was under heavy attack for sending out 
confusing signals over its intentions to- 
ward monetary union. And when Chan- 
cellor Gordon Brown said Monday that 
the government supported monetary un- 


ion in principle but was likely to put off 
any decision to enter until after the next 
general election, even some Labour 
members complained of indecision. 

But the turmoil among the Tories has 
made the government's ambiguous 
stance look like a masterstroke. 

“You’re going to sec considerable 
ramifications in the Conservative Party, 
and a possible split," a spokesman for 
Mr. Blair said. “That gives us a chance 
to transform the political landscape." 

A poll Thursday in The Times of 
London supported that view, showing 
Labour’s support up one percentage 
point, to 60 percent, with the Conser- 
vatives down a point, to 24 percent. 

Mr. Hague stuck to his anti-euro line 
on Thursday. “One of reasons we lost 
the last election was the lack of dear 
policy on Europe,” he said. “We now 
have a clear policy to oppose the single 
currency in this Parliament and it is our 
intention to go into the next election 
opposing a single currency.” 


Turkey’s Rights Stance 
Draws Fresh Attacks 


By Stephen Kinzer 

.Vnr !f»r« Times. Sen-ire 

ISTANBUL — A recent series of gov- 
ernment actions has led to a new round of 
charges, including some from European 
governments, that human rights are not 
being respected in Ttarkey. 

On Ocl 19. a blind lawyer who is one 
of Turkey's most outspoken social crit- 
ics. Esher Yagmurdereli, was taken into 
custody as he finished toping an in- 
terview at an Istanbul television station. 

Mr. Yagmurdereli, who has already 
spent 14 years in prison on political 
charges, was ordered by a court to serve 
another 23 years after he asserted lhat 
the Kurdish minority was being op- 
pressed in Turkey. 

On Ocl 21. seven members of the 
Human Rights Association, including its 
president. .Akin Birdal, were sentenced 
to jail terms ranging from one to two 
years for making statements deemed 
sympathetic to Kurdish ins argents. They 
were convicted of “inciting hatred and 
division by emphasizing differences of 
class, race and regional origin." 

The next day a court in Manisa re- 
voked its own order for police officers 
accused of torturing 1 4 young people to 
face their accusers. 

The episodes raised new questions 
about Turkey’s human-rights practices, 
w hich have been debated Tor years both 
here and abroad. 

A British government spokesman said 
in London that the actions taken against 
Mr. Yagmurdereli and Mr. Birdal “sit ill 
with Turkey’s commitment to uphold 
freedom of expression. * ’ 

In Paris, a government spokesman 
said French officials had “learned with 
great distress" of Mr. Yagmurdereli’s 
arrest and urged Turkish authorities “to 
respond to the expectations of Turkish 
and European public opinion and to put 
an end to judicial practices that tarnish 
Turkey’.” 

Responding to criticism. Foreign 
Minister Ismail Cem said Turkey "must 
accelerate our improvement in some 
areas." Bui he added; "Turkey’s de- 
ficiencies have been exaggerated by 
some circles in the European Union for 
political reasons.” 

Senior government officials seemed 
especially embarrassed by the reaction 
to Mr. S'agmurdereli’s detention. A 
court ruled that, after he made a state- 
ment deemed illegal, his renewed crit- 
icism meant that he should serve the rest 
of his earlier sentence and additional 
time. 

Prison officials gave Mr. Yag- 
murdereli. 52, a comfortable room 
rather than a cell and quickly offered 


him a medical examination, apparently 
with the aim of finding some minor 
ailment that they could use as an excuse 
to free him on medical grounds. He 
declined the exam, saying he was in 
good health and needed no special treat- 
ment 

“We are seeking a special amnesty 
formula so that Yagmurdereli is not kept 
in prison until laws against crimes _ or 
thought can be repealed,” the justice 
minister, Oltan Sungurlu, said. * ‘We are 
doing whatever we can to activate a 
special pardoning procedure for Yag- 
murdereli." 

In interviews before he was taken into 
custody, however, Mr. Yagmurdereli 
repeatedly said he would refuse any 
offer of amnesty. 

After his arrest his son Ugur as- 
serted, “My father will not accept a 
release from prison unless the necessary 
legislation lifting restrictions on free- 
dom of thought is passed." 


Turks in Germany 
Angered by Kohl 

Reuters 

BONN — The leader of Germany’s 
2-million-strong Turkish community 
criticized Chancellor Helmut Kohl on 
Thursday for reinforcing prejudices 
against Turks living in the country in 
comments he made on its citizenship 
law. 

The Turkish leader, Hakki Keskin, 
said he was amazed that Mr. Kohl 
should take such a tough stand against 
proposals from within his coalition to 
allow the children of Turks bom here to 
have dual nationality. 

His comments came ahead of a par- 
liamentary debate on Germany's cit-. 
izenship law, which unlike that of other 
major Western states, maintains a blood- 
line principle dating back to 1913. 

"With his comments. Kohl is re- 
inforcing prejudices against Turks liv- 
ing in Germany," Mr. Keskin told the 
Berlin daily B.Z. 

Thousands of Turks flocked to Ger- 
many after World War II to work in the 
massive reconstruction program of the 
1950s and 1960s. Many who made Ger- 
many their home or were bom here, 
however, cannot become citizens be- 
cause dual nationality is not allowed. 

Mr. Kohl said Sunday to the youth 
wing of his center-right Christian 
Democrats that the number of Turks in 
Germany would more than double if 
citizenship laws were changed to permit 
dual nationality. 




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New List From Swiss 
Fails to Quell Doubts 

Time Not Ripe for Closure, ’ U.S. Says 




1ml 


By Alan Cowell 

, Ntw York Times Service 

BASEL, Switzerland — It is now well 
over a year since the ghosts of Switzer- 
land's wartime dealings with Nazi Ger- 
many rose up to strip this land of an 
image that mixed financial probity and 
political neutrality, chocolate-box land- 
scapes and ingenious watchmakers. 

In that time, Switzerland’s fabled 
banking secrecy has undergone a partial 
but unparalleled opening to permit scru- 
tiny of accounts untouched since World 
War II: A fund has been set up to offer 
financial help to Holocaust survivors, 
and Swiss officials have been forced to 
conclude that their land will never again 
bathe in anything like the same alpine 
rose-glow. 

On Wednesday, further lists of nearly 
3.700 foreign -owned and more than 
10.000 Swiss-owned dormant accounts 
were published here by the Swiss 
Bankers Association. The foreign- 
owned accounts totaled about $4 million 
in value and the Swiss-owned accounts 
about S3 million, the association said. 

But even that left a sense that die 
Swiss have not yet achieved a major 
step toward what they most crave — 
conclusion of the whole debate. 

“The time is not yet ripe for clo- 
sure, ’’ Madeleine Kunin, U.S. ambas- 
sador to Switzerland, said in a telephone 
interview from her office in Bern. “But 
we are anxious to help create the at- 
mosphere to achieve it’ 1 

The accusations against Switzerland 
center on two main areas. The Swiss 
National Bank is said to have bolstered 
Nazi fortunes by trading in looted cold, 
some of which may have come from 
Holocaust victims. And Swiss commer- 
cial bunks did little to help Holocaust 
survivors gain access to assets deposited 
by relatives who died in the Nazi gen- 
ocide. Hie U.S. government has con- 
cluded that Swiss dealings with die Nazis 
prolonged the war and shielded German 
assets in die immediate post-war period. 

Today, Swiss officials maintain that 
their country is making a serious effon to . 
overcome the legacy of this history. But a 
perception lingers among American Jew- 
ish groups that Switzerland has fallen far 
short of a moral accounting for its role. 

“On the one hand there have been 
significant, positive developments, ’ ' said 
Elan Steinberg, executive director of die 
World Jewish Congress in New York. 
“On the other hand, there’s the more 
central question: Is Switzerland coming 
to.grip5 with and confronting its past? 


In July, the Swiss Bankers Association 
issued what was described as a definitive 
list of 1,756 accounts dormant since 
World War H, with a total value of about 
$42 million. 

Many of the accounts listed Wed- 
nesday contain hundreds of dollars, and 
some less than SI 00. They came to light 
after banks began looking not just for 
checking accounts, but also for smaller 
passbook and savings accounts, Chris- 
toph Meier, a spokesman for the Swiss 
Bankers Association, said in Basel. 
Like the previous list, Wednesday's 

tally includes names from across Europe, 
inriniiwig Germany, and from America, 
although it is not clear whether these 
were the names of Holocaust victims, 
Nazi officials or others. Both of the 
lists are accessible on the Internet 
(httpVAvww.dormantarxxwmts.ch), 
where, Mr. Meier said, people who. be- 
lieve that they may have a claim to make 
can enter the first three letters of their 
names to search for them. 

Earlier this year, Swiss banks said 
they were aware of only 775 dormant 
accounts containing about $30 million. 
That figure rose to 1,756 in July. The 
total number of dormant accounts in the 
nam es of non-Swiss is now put at around 
5.400. The continuing ability to discover 
dormant accounts in places where the 
h anks earlier found none has inspired 
speculation that the h anks are acting out 
a maneuver to ease pressure from the 
United States, where Swiss banks face a 
threat of class-action suits in New York 


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U.S. Astronaut Praises Russian Crew; 



' • By Kathy Sawyer 

: Washington POST Service ' 

WASHINGTON — Floating, the 
American astronaut .Michael Foale felt 
the thump of the collision as a gende 
vibration in his finger lips, which rest- 
ed lightly on the spacecraft wall. 

At that instant, he froze, waiting for 
his ears to pop as air rushed out o? the 
yftnV>n «nd ifttiurf him. When a second 
hyd passed «id he found- himself still 
alive, he recalled, he knew that he and 
his two Russian ere wmates would have 
rime to save themselves and probably 
the space station. 

Except for that one notable moment, 
he added, “I never feared for my 
life.” 

T ti at was June .25, when a Progress 


Jaekf NatgrLm/Ifanilni 

The Ariane-5 rocket blasting off on Thursday in French Guiana. 

2d Launch of Ariane-5 Is ‘Total Success’ 


Accusations of cynical motives rankle 
Swiss officials. “This generation is try- 
ing to dean up a mess left by others,” 
said Thomas Borer, die Swiss diplomat 
who heads a government task force set up 
a year ago to (teal with the so-called Nazi 
gold and related affairs. “And the steps 
we have taken have had an impact, even if 
we do not have an overall resolution." 

The Swiss argument has won a critical 
supporter in the Clinton administration. 
“I think that they have made extraor- 
dinary progress in the last year, more than 
any other neutral country,” Smart Eizen- 
stat, the leading U.S. official dealing with 
the issue, said in a telephone interview. 
‘ ‘They have done it under pressures that 
have been difficult They have pursued 
this in a very courageous way.” 

But from now to December, the cal- 
endar is filled with a series of events that 
could boomerang against Switzerland. 

In mid-November, the Clinton ad- 
ministration is to issue a report chron- 


Agence Frutoce-Pnsse 
KOUROU, French Guiana — To 
the vast relief of Europe's spade in- 
dustry, the Ariane-5 space rocket blas- 
ted successfully into orbit Thursday, 
laying to rest a spectacular failure on 
its maiden flight 16 months ago. 

The 50-meter, 700- ton rocket, car- 
rying with it the commercial hopes of 
Europe's space professionals, roared 
smoothly into the sky, 

“This launch was a giant step for the 


European space industry,” said Ant- 
onio Rodota, head of the European 
Space Agency. “It will be more 
present than ever in space in the next 
century.” Describing the launching as 
a “total success,” he said Ariane-5 
would go into commercial operation 
after a third test flight 
On June 4, 1996 the first Ariane-5 
fli ght was sent off course by a. com- 
puter glitch. Engineers were fonred to 
destroy it 37 seconds after launching. 


icling the transactions of other neutral 
countries with Nazi Germany. While 
Swiss officials expect it to focus on the 
activities of countries such as Portugal 
and Turkey, U.S. officials say Switzer- 
land will also figure as the leading fi- 
nancial center for wartime transactions. 

In that same period, a Swiss historians’ 
commission is set to issue its first. Interim 
report on die “Nazi gold” affair. 


In early December, a 35-nation con- 
ference Js to convene in London to hear 
papers on the whole gamut of wartime 
trading with Nazi Germany. And the 
New York City comptroller, Alan 
Hevesi, has called a conference for Dec. 
8 on the way American public insti- 
tutions should deal with Swiss banks. 

An interim report by the Swiss on their 
country’s wartime handling of Jewish 


sleeping quarters, in the worst accident 
in. the history of human space flight 
short of fatalities. 

After 134 action-packed days 
aboard Mir. Mr. Foale landed back on 
Earth aboard a U.S. space shuttle Oct. 
7. Having spent three weeks readjust- 
ing to gravity and enjoying time with 
his. family, he made his first detailed 
public comments Wednesday since bis 
return. 

The British-born astrophysicist, 40, 
described the psychodrama that fol- 
lowed the collision, the camaraderie 
that sustained the crew, and the mix of 
puzzlement and hilarity with which 
they greeted news of the global re- 
action to their adventure. They even 
joked about which actors would play 
them in “the movie.” 

Mr. Foale repeatedly praised the re- 
silience and courage of Vasily Tsib- 
liyev, die commander, and Alexander 
Lazutkin, die flight engineer, both of 
whom he regards as family. “I think 
they are heroic,” he said. 

On June 25, Mr. Tsibliyev was sta- 
tioned inside the Mir core, with Mr. 
Lazutkin assisting, for a test of an 
experimental docking system that was 
supposed to control the approaching 


refugees is planned for next spring, and 
an independent commission under Paul 
Vokker, the framer head of die U.S. 
Federal Reserve, plans to begin sending 
its own auditors into the archives of 
Swiss private banks soon to hunt for 
dormant accounts that have not yet been 
discovered and fra other accounts that 
may once have contained the looted or 
stolen assets of Holocaust victims. 


robot ship. Mr. Fbale was in another! 
compartment, trying,- to measure the > 
' ship f & distance, Mr. -Foale. said the* 
docking system provided such para 
visual cues that the crew onig belatedly 1 
realized the other veasri , was apjwoaa*: , 
ing toofast. . ' ; 

Theaccident triggered afosdladevf 
criticism of Mr, Tsibliyev. 

But Russian and US. -accident in- 
vestigation teams subscqutetiyfound . 
that crucial docking system- design 
Raws bad been created by ground 
teams. 

Immediately after landing, fa; 
Foale had choked with emotion, un- 
able to speak about his cfewmates. On 
Wednesday, he calmly described how 
he tried to buck up tl» commander's 
morale. 

. Mr. Tsibliyev felt “fe would be 
simplest for organirafionjrthat did hot 
wantio accept nspobsibiffty to triune^ 
him, and he believed that in the past, in' 
Russia’s history, this has" occurred,” 
Mr. Foale said; - 

“And so the whole effort of Sasha 
[Lazutkin] and myself was to convince 
him that the world knows,” he said. 
“We know that many,; many people 
were involved in the decision to do this . 
test.” 

Mr. Tsibliyev ’s darkest moment, 

Mr. Foale said, appeared to come when 
he developed an irregular heartbeat, 
apparently from accumulated stress. ■ ’ 

Mr. Foale said he never doubted Mr. 
Tsibliyev's capability to lead* 
you're that close, these thongs all come 
out,” he said. “And it was quite clear 
that Vasily was in control of himself. 
He was just thinking very hard about’ 
the severe consequences that could be-' 
failfaira.” 

Mr. Foale slept better on Mir than he 
does back at home, ho said, because . 
Mir bad no small children. : He ad- 
mitted. however, that he became pre- 
occupied with thoughts of his family,, 
especially his 3-year-old son. > 

“Ninety-nine percent of the time,” - 
he said, “1 was basically having a good 
time. This may seem surprising to 
some people.” 


In New York, a judge has been asked 
to rule by the end of the year on ar- 
guments for and against the institution 
of class-action proceedings against 
Swiss banks by plaintiffs seeking bil- 
lions of dollars. And on Friday, the 
Swiss National Bank is expected to ap- 
prove a $70 million contribution to a 
fund for Holocaust that the big three 
Swiss banks began in January. 


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UN Is Putting Pressure on UNITA 

Former Angola Rebels to Lose Right to Overseas Representation 


BRIEFLY 




By Lynne Duke 

Washington Post Service 

JOHANNESBURG — The United 
Nations has slapped fresh sanctions on 
Angola’s former rebels that restrict their 
international travel and close their for- 
eign offices as punishment for foot- 
dragging in the southwest African coun- 
try's peace process. 

The sanctions, approved unanimous- 
ly by the Security Council, took effect 
Thursday. The measures reflect the 
snapping of the United Nations’ pa- 
tience after three years of intransigence 
by the ex-rebels, known as the National 
Union for the Total Independence of 
Angola, or UNITA. 

The group. led by Jonas Savimbi, has 
not cooperated sufficiently in several of 
the military and political steps it was to 
take to consolidate its peace settlement 
with the government of President Jose 
Eduardo dos Santos following a two- 
decade civil war. The war ended in 1994 
with the signing of the Lusaka Protocol, 
which laid out a formula — agreed to by 
all parties — to stabilize the country, 
which has considerable resources of oil 
and diamonds. Angola remains largely 
devastated by the conflict. 

The two sides have engaged in 
sporadic fighting since the accord was 
adopted, and while both sides had vi- 
olated some provisions, UNITA was 


widely regarded to be the more in- 
transigent The Security Council adopt- 
ed tire new sanctions Aug. 28, and after 
a deadline extension, the ex-rebels had 
until Wednesday to fulfill its outstand- 


ing commitments. 

. Those steps included an honest count 
of its soldiers, continued military de- 
mobilization, the handover of more ter- 
ritory to state administration and the 
ratcheting down of inflammatoty broad- 
casts on UNFTA’s radio station. The 
group tried to make good on some of 
mem this week, but it was too little, too 
late. 

The sanctions are intended to force 
UNITA into irreversible action on the 
peace process, a diplomat said. 

“It is definitely a new form of pres- 
sure-on UNITA, ’ ’ he said. 

UNITA and the Popular Movement 
for the Liberation of Angola, the r uling 
party led by Mr. dos Santos, had been at 
war at least since Angola’s indepen- 
dence from Portugal in 1975. Theirs 
became a Cold War proxy fi ght, with the 
United States and apartheid-era South 
Africa supporting UNITA and the So- 
viet Union and Cuba supporting the 
then-Marxist government. 

With the end of the Cold War, Wash- 
ington withdrew its support fra Mr. 
Savimbi and UNITA, recognizing the 
dos Santos government in 1993. The 
United States, along with Russia and 


meat, and all three supported toe new 
sanctions resolution. 

Although the UN-monitored peace 
process will continue, the sanctions will 
force the closure of UNTTA’s offices in 
the United States, Europe and Africa. 
The movement’s senior members wOl 
no longer be granted visas fra inter- 
national travel, and their active 'visas 
will be revoked. Foreign air traffic into 
UNITA territory Is to be prohibited. 

If die sanctions can be enforced, Mr. 
Savimbi, who resides in Andulo in the 
central highlands, will no longer receive 
food and supply flights from abroad, nor 
will his fighters receive flights of mil- 
1 itary supplies. Bat a rms and oil, em- 
bargoes imposed on UNITA in 1993 had 
little effect 

The UNITA secretary-general, Paolo 
Gato, said that the sanctions would only 
encourage Mr. dos Santos and his ruling 
party to try “to .destroy UNITA.” 

.■ UNITA Remains Defiant 

UNTTA said Thursday that it would 
not give in to the new sanctions, Reuters 
reported from Luanda. 

* This was a big mistake, "-said Hon- 
do Junruvili, the assistant representa- 
tive of UNTTA on a joint commission 
overseeing the peace treaty. “These 
sanctions are nothing but a new Obstacle 
in the peace process.” 


CROSSWORD 


ACROSS 

i Son of Noah 
iBook sizes 
u Con artist 
il Upstart 
17 Electric hOflis 

is Camper 
is Actor Priasttoy 

etal. 

20 Frosted 

21 Tfin TsiTin" 
showftr 

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feature 

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©iVeuj York Tbnet/Edited by WittShori & 


New Gate Sought in Jerusalem 

JERUSALEM — Israel’s deputy housing minister said Z 
Thursday that he wanted to reopen a sealed gate in the . . 
400-y ear-olu wall ringing Jerusalem’s Old City, despite 1 
archaeologists’ warnings that this would harm the char- 
acter of the historical monument. 

The plan to break through the 5-meter-thick stone wall " 
is. part of a Housing Ministiy proposal to develop the 
Jewish Quarter and increase its population of 2,400 by 25 pi 
percent. The proposal is awaiting the decision of the 
Israeli government J > 

The Company for Renovating and Developing the] 
Jewish Quarter said Thursday that it was planning a two-" v 
story underground complex that would include a hotel, 
shopping center and educational institutions. The news- 
paper Yedioth Ahronoth said the new gate was intended 
to improve access to the complex. JAP) 

Unity Bidby Chief of Comoros 

MORONI — The president of Comoros, Mohammed 
Taki, h as called for a government of national unity" > 
comprising all political parties in the Indian Ocean state to . ii 
“save the country” after the unilateral secession of i 
Anjouan Island. * aj 

“fo no case will we allow our country to be dis-'£ 
mantled,” he said over state radio late Wednesday. Mr. * 
Taki also said he considered Anjouan's newly appointed 
provisional government to be “null and void. ' (AFPJ 

* y 

Canada Judge Stalls U.S. Case i 

PRONTO — A judge has refused to extradite three ' 
eanadians charged in the United States with a multi- 
mtilion-doUar phone scam, after the Pennsylvania pros- • 
ecutra m the case said they would face jail-house rape if 
did not cooperate with American authorities. 

Zhbrad, an assistant U.S. attorney in Har- 
nsburg, Pennsylvania, had been interviewed by Canadian 
broadcasting Crap, about the proliferation of telemarket- 
tiiat establish phone banks in Canada to 
teu^tU.S citizens with phony gem, lottery and other 
StSJS: 11 ® h * ^ warned indictments of dozens 

of Canadians, and that many of them had been persuaded - 

to waive extradition and plead guilty. 

a 5°“ t ti3 9 se who. refused to cooperate. Mri 
Mtywa^ Said ^ them ^ wouId ** extradited j 

10 be the boyfriend of a very bad man if 
you wait out your extradition,” he said. (WP) 

Ex-Prosecutor Slain in Mexico 

^ ° f a formar federai *■ 

° f Chihuahua has been ' 

K4 m 4,1 011 in the central state of 

VeI <*’ 47 ’ bore signs of 
government news agency Notimex reported 
wAi tai - — ‘A said Mr. Pascual Velez was 





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INTERNATIONAL HERALD TRIBUNE, FRIDAY, OCTOBER 31, 1997 


PAGET 


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' AGENT W PARS 
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CAPITALE ' PARTNERS 
ttantaUted qnaHy aianmerts. 
alstes Pfitis and sububs 
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FtOTtStfiT BEAUTTUL W SQJI, one 
bed. large Sterna aparenera XVOth earn 
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lor long a snort base. Tel' 433 (0)1 
47 06 S) 22 Fare +33 W1 « 56 19 59. 


tad, I1ARA1S, ufiyie view, charm bal- 
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BUTTE MONTMARTRE in catai house. 
2- mom ft* + ganton + sunny, 50 sqm 
1 yaar ranted. FRJXXVmo. niudhig 
charges. TA Darita 433 (0)1 42782250 


MONTPARNASSE, DUPLEX, 56 sqm. 
wry bright Flee parkin FF5J0D Free 
immedtey. Tet +33 0)6 11 72 63 59 


PARTS 18th ■ LOWER MONTMARTRE ■ 
BaauUul lurotstud tad. 200 sq.m, 
plus garage, on 3 levels, as rontons, 
boh class. FFMDGQ mduSm cfasoes 
IK TaL +33 ffi)1 46 2? 9i 41. 


7TH, 1 meek ban Fffel Tower, 
Uautaus 4 heteoom, fl* equcpel 
TeL 212-496-7294 USA. 


EE SAWT LOUS, exepftoal tattering 
water, MOf stte, triplex, 4 bcdrans. 4 
bates Owne- +33 flfll 55 42 92 34 


Paris Area Unfurnished 


WO - ON PLACE OE L'ALMA ■ Efla 
Tower view, 300 sq.ro., 7 rooms m 
beautlul old Duffing, 4 bedrooms, 
3 tatiEwms. 3 mads rooms, pafaog. 
FF35flffl net Tel t33 (0)1 42 22 38 70 


Switzerland 


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US 511.000 per TOrth 1-5 year tease 
Ca5 tar appenunett 203-227-3881 USA 


NYC FURNISHED APARTMENTS. 1 
Met to 1 year Great Locations. CaD 
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VENICE AREA - Canary house. 48 
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max mum by car from hstanc Vance. 
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*re situated In a quiet Residaitfal 
n r w- 1 la SotSh Kpwdngtnn. 

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from 1-3 hftlromm 
Each amnmeni to> a fufly eouq^ed 
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Ktvk'Bsmatae IV 
2+ hour reception with In 
and Liunory service. 

Tbe pafca ahemrwe 10 Hotel 
accnounndutnn fur rhe visiimp 
family or bustnms pawn 
Cur^uraitve rate-pnnev and ttkul 
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and the Eshdrilion Halts at Eads 
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Gardens the ideal hmne from home. 


fa ntet ad bndne bIehc rufiKt 
2U7 Cobafaaa Onkwlnidn 5W5 Ot« 
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let 0171. 


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THE 

FRENCH 

MAGAZINE 

FOR 

PRESTIGIOUS 
REAL ESTATE 


D E M E U R 


E S & 


CI IAFEAUX 


FOR SALE, all over France: more than 300 
chSteaux, residences, vineprds, houses with 
character, estates on the French Riviera. 

For each .advertisement 

- a mmiinnTn of erne color phota 

- a detailed description in French and English. 

You will receive the last issue by air mail by 
sending your business card and check for US$15 or 
£8 to: 


DEMEURES ET CHATEAUX 
19230 POMPADOUR - FRANCE 


20 MINUTES FROM GENEVA, on LA 
Salem. BeatiMy igioetod 14ta certu- 
ry fenrhousa. 7db sqm ol Mn span 
ta rustic ayte. A bedrooms, 3 bids, cot- 
ter. hugft dhing & Hiring rooms. 2 ha 
tend wter spedacutar views ct Ml Btanc. 
FFr. aaoojooa Tet 41 55 410 7356. 


U (Mn. MX EN PROVENCE STOW 
BASTDE open view over mourtahs and 
vtaeyante. 500 sq.m, fivtag space on 
taooo sqm landscsnd ®ixton, stream. 
pooL pool house. FF4.ffi0.000. Dlrea 
owner Tefifac +33 P)4 42 96 15 64 


AVIGNON; Owna sets, no comrekstan. 
Inside ramparts of old oty. in walking 
Aslancs of Palais das Papes. 4 fltort- 
reents (115 snm ta 170 sqjn.J suny 
eqxisure snAeast'wesL 1 «tut private 


garden, 1 penthouse »ih larace. High 


quaNy renmaarni ol 1-Wi esntury Dui 
mg, typical Provence style materials. 
FraroFFI MaiTeM3 RW 7842 1530. 


FRANCE, CASTLE arftfv constmetarte 
PARK 15 bn from Geneva, 1.000 sqm 
firing space, lOOffiO sqm. grounds vrth 
27,000 sqm. constnstible. Ctose golt, 
SPA, upon, freeway. Opportunity tor 
ietsus park, hotel was, semnar center, 
dime, retirement home, haadwartere-.. 
Died owner +33 (0) 1 42 47 15 20 


BETWEEN MCE BACK COUNTRY and 
MERCANTOUR REGIONAL PARK. 
340tsn flat in vfflage (tear station, view 
river. Tttfrn +33 (011 « 28 20 74 


DORDOGNE, CLOSE PBNGUEUX. 


15th cert MANOR HOUSE 
on 3ffi0 sqm. treed grounds, 
Frendi styto pardens, rose garden. 
GR0UffiRiXft7D sqm fin^dnmg 
nth Chancetade roarttie Replace oreo 
gardens, large fled Udren on park, 
hunky loom, bflhnoft 35 q la 
bedroom chi pack, i bertocm on gawtea 
Access to 1st FLOOR by period outdoor 
spnfi stetaaue a hdoar staicase ta 
2 bertcoras. haft wood parnU fcrary, 
Me b be RM wtar Reptaoe. 

TOP FLOOR attic + bedoom. Gange. 
fflffiOOOO. Fta *SS (8)4 91 a 53 74 


SOUTH PEBGORD 
LUXURY MAKOR HOUSE 
555 sqm - 14 rooms - scutatedstone 
wfretaes & taeptace, natom cansmEdon 
& contorts, high das Rings, perfect 
oondtan. Uhspotocf Mftcp mm. totatag 
opposle. Dtecnet hefcopte access. Wth 
4 ha park and 16 ha forest al arornL 
USS1250.00D Fax 33 PQ5 53 40 63 92 


DEAUVRIE, owner seta 70 som duplex, 
i {Jinan, 5 lad-. 


voy luxurious ta private r 
an*, 3 swinning pools, 2 tennis touts, 
south facing terrace with ocean and 
courtryskto views, erafrtey renovteed, 
fireplace, nudeo paneling, Mng room, 
®s$psd American ktoten, 2 bedrooms, 
2 bathrooms. Secritty. Rettaced notary 
lees. FRffiOffiO nuotiabb. Tet Pan 
+83 ( 0)1 47 33 01 83fin French) 


MBIER8ES LUBBXM 
Unique locaton. Ifctorica! sto, 160 sqm. 
Mng space. PauftBy to bdd exlia 70 
sqm. Landscaped garden. Pool 
F or (totals tax: owner +33^442283214. 


BRITTANY: OLD COHAGE wftl 19 
hectares- ol land in beautiful setting on 
river and near sea h Northern Bitef . 
Often: rated around FF3.000.000. Cal 
Paris +33 (0)1 47 55 77 30 or London 
+44 (0)171 409 7822 or mweareexom 


M SAVOIE • SUMPTUOUS ESTATE 
domtmring Bouroa imee, 20 rooms + 
otoufidhos, 12000 sqm. park. FFIML 
RM Tat +33 (0)4 7935 0861 
; +33 (0)4 79 61 65 98 


FOR SALE: SOUTH PERfiORD. 
renovated larai 4ffi0 sqm. I 
Tet Henry Kernel +33 P5 53 03 69 68 
or Engfish +33 (Q)5 53 93 06 M 


BIARRITZ. SPLENDD VfilA 
600 sqm. plus 1,500 sqm. oantoa 
Boanfi^ redone. (JHCXJE Ifl 
«r. fcrandE, fee +34-1-319 2! 86 


NORMANDY CHATEAU 
Naptrtean fl. targe bcauttU rooms. 850 
sqm ta 18» grands & kvest Sim rea- 
dence / corterence centre 1/2 hour Le 
Havre A honfleur, 11/2 horn Paris 
020,000. Fat +61 3 9882 5887 
E+iatartarnMOflusanef 


URGENT SALE, SPA TOVIN OF EVIAN 
Exceptional manor house, saenor deagn 
Id h$i standanls Views at take Geneva 
45 mm from Geneva, ski ras»S 20 nwi 
FF75 Ml Teffa* +33 ((84 50 74 99 64 


LOtSON, 18 Brine from centrel Geneva 
A 4 bedroom house, lafiort construc- 
tion. 1200 sqm. gaitea pod. strife lor 
2 horses, 150 sqm at marbtad terrace. 
F2ffi0JB0. Tat +334-50940169 


LANGUEDOC, charming 19th cere, raan- 
sron on 44JM0 sqm jarii, pooL satfes. 
prtvfl edged situation. FFl .650,000. 
Tefifer owner +33 (0)4 68 60 67 84 


PROVENCE: All ktads ol properties 


Please ask tar Mn Wagner. Agents 
I Otter. Tet +33 


Auquier. F-84210 St 
(D)4 90 66 07 53 Faxp^9066l235 


RENTALS 



fRENCN/mU 

SAMUEANCAP4BRAT 


Rae 

4 bathums, 2 
retikoMed, yasriy. FFl 7, 


vita. 
Rent 
per irevfli 


19, BW du Generei Leefero 
06310 BEAULEILGUR IER 
Ififc +33 (W 93 (n 04 U 
fee +33 M4 93 01 11 96. 


LANGUEDOC - MAGHIRCENT IBth 
country house. BeauWul 
& pool, open fireplace, vine- 
, near sea. TeL +33 (0)4 6728 1656 
i +33 (0)4 6749 0453. En^teh spoken. 




RENT HOUSES lugh dass wlh arCques 
BIARRITZ - Manor house • sleeps 6 • 8 
SNTANNY - 500U to sea ■ Sleeps 4-6 
ShM or te^ierm or sabbatical yaar Tet 


+33(0)1 


1 6212. Fax I 


13111 


RECRUITMENT 90 


You wifl find bdow a selection of emplojinent offers published In last Monday's International Herald Tribune 

For a copy of last Monday’s paper, please contact Sarah Wersho£ London: 44 171 420 0326 

Medical Editor 

Pharmaceutical 

Company 

KUXZ. - ves-ivs. Ciift. 

ORS, C Clarke 

14, rue de Bezons, 

92400 Courbevoie 

France 

Personnel 

International 
Consulting Co 
in Petroleum 
Engineering 

Hie Manager 

Dept. IHT-001, 

P-O. Box 570728-253, 

Houston, Texas 77257, USA 

Fax to: 713/961-3845 LISA 
e-mail to:75l02.I570@compuserve,com 

Assistants 

lad 

French Clothing Chain 

Tati SA - DRH Mrs. Fry 

4 Bd Rochechouart 
- 75876 Paris Cedcx 18 

Fax: 01.4155.86.73 

Secretary 

Hotel Kite 

Hotel Ritz 

D.RH^ 15, place Vendome, 

75041 Paris Cedex 01 - France 





PAGE 8 


FRIDAY, OCTOBER 31, 1997 




. i je«&i!* J /HcO w«ESISS. 


EDITORIALS/OPINION 


Heralb 


1 INTERNATIONAL 



Srtinme 


fUBUSHU) WITH TUB IWW Y11RX TIMES AMD TUB WASHINGTON TOST 


Difficult Relationship 

. Just as Ronald Reagan tried to make 
improved relations with the Soviet Uu- 
?on the foreign policy centerpiece of 
iiis second term. Bill Clinton now looks 
. Jo China for his place in the diplomatic 
history books. This week’s visit 'of 


Given China's misleading commit- 
ments in the past, Mr. Clinton ought to 
state publicly Mr. Jiang’s specific as- 
surances and make clear that he will 
reactivate the ban at the first sign that 
China is continuing to export nuclear 
President Jiang Zemin has shown the ' weapons and missile technology, 
/fifficultyoftiyingtoconstructastable The summit meeting registered a 
relationship with Chino. modest step toward rebuilding ties be- 


President Clinton, after several false 
starts in his first term, has devised a 
'sound China policy that emphasizes en- 
gagement rather than estrangement. The 

'question nowand in the months ahead is 

now effectively he handles the many 
elements of that policy, from defending 
human rights to enhancing trade. 

■ China’s treatment of its citizens, 
'particularly those who call for more 
democracy, religious freedom and re- 
spect for Tibet’s distinctive culture, is, 
for Americans, the most sensitive as- 
pect of the entire relationship. It was 
heartening to see Mr. Clinton address 
these issues bluntly on Wednesday in 
his private and public discussions with 
Mr. Jiang, including a frosty exchange 
Jibout human rights during their news 
conference. Mr. Clinton has been ac- 
cused of being too accommodating on 
. these matters in the past He showed 
plenty of spine on Wednesday. As he 
jsaid, the two countries cannot develop 
; a normal relationship until China mod- 
ifies its repressive policies. 

Beijing has given little ground on 
this issue, and Mr. Jiang's stony de- 
fense on Wednesday of the 1989 
Tiananmen Square massacre suggests 
that no greater tolerance for political 
reform will come of his visit. His ex- 
cursions to Colonial Williamsburg and 
Independence Hall in Philadelphia, not 
to mention his recitation in English of 
the opening lines of the Gettysburg 
Address, seem hollow if not cynical 
manipulations of American history. 

Cooperation on security issues is 
another troublesome area. Beijing bas 
been the world's most reckless ex- 
porter of nuclear and missile techno- 
logy. Recent recipients include Iran 
and Pakistan. Mr. Jiang has now 
pledged to restrain these sales. In re- 
turn, Mr. Clinton wiU lift a ban on 
the sale of nuclear reactor technology 
to China, a step likely to produce lu- 
crative deals for American companies. 


tween American and Chinese military 
forces that have been largely frozen 
since die Tiananmen repression. A hot 
line between Washington and 'Beijing 
will be opened, although its purpose 
seems more to put China on a par with 
Russia than to deal with any military 
crisis. A new maritime communications 
agreement will help prevent accidental 
confrontations between American and 
Chinese naval units in Pacific waters. 
The importance of this was clear during 
last year's tensions over Chinese mis- 
sile tests near Taiwan. Regrettably. Mr. 
Jiang did not use the summit conference 
to renounce the use of force in reuniting 
Taiwan with the mainland. 

The two sides made only minor pro- 
gress in narrowing differences over the 
teams for China’s entry into die World 
Trade Organization. Both favor Chinese 
membership as a way to integrate 
Beijing into the global community, but 
Washington rightly insists that China 
first end its concealed subsidies to non- 
competitive stale industries. 

The most important substantive 
agreement came in the environmental 
area, permitting the sale of American 
technologies to help China reduce its 
emissions of polluting gases into the 
atmosphere. Tills is not only a gain for 
the American businesses involved. 
The swift conversion to cleaner tech- 
nologies by China , the world’s most 
populous country and one of its fastest 
growing, is crucial to global environ- 
mental goals. 

China's promises on nuclear pro- 
liferation may be shaky, but Mr. Clinton 
otherwise did a good job of affirming 
America's democratic values while 
promoting its strategic and commercial 
interests. To advance to the kind of 
strong and healthy relationship that 
both men talked about as their ul timat e 
goal, he will need more help from Mr. 
Jiang than he has had so far this week. 

— THE NEW YORK TIMES. 


So Long, Pathfinder 


. “I feel a little sad... like a friend has 
gone away and didn’t really say good- 
bye.” That is what project manager 
Brian Muiihead had to say, in an in- 
terview with National Public Radio, 
"about having lost contact with the 
Pathfinder robot on Mars. Many Amer- 
icans, without quite the same emotional 
investment, also may mourn just a bit. 

. Pathfinder and its little adjunct, the 
rover Sojourner, took the country by 
storm from the day they flawlessly 
landed on Mars. The pictures that 
Pathfinder sent back, some of them in 
color, astonished us with their detail, 
their sharpness and the gritty reality 
they brought to Martian landscapes — 
the boulders and hillocks, the sunsets, 
the distant vistas. 

The photos earned front-page status 
around the world; on Pathfinder’s Web 
site, they attracted 566 million hits in 
the first 30 days of transmission. Com- 
ing just as the Mir space station was 
encountering its most trying tribula- 
tions, Pathfinder’s overwhelming suc- 
cess may have been a bit hard to take 
for some Russians, but for many people 
in all countries it restored the luster and 
excitement of space exploration. 

The Pathfinder mission has been, say 
the experts, a great scientific success. It 
sent back reams of information on Mar- 
tian weather, geology and other sub- 
jects that will be studied for a long time 
to come. But the two robots, so plucky 
and intrepid, seemed to appeal to us on ' 
something other than a rational level. 


too. When the pint-sized Sojourner got 
stuck on a rock, we all feared the worst; 
we cheered when it wiggled Itself free 
and got back to work. 

National Public Radio, in its report 
this week, spoke of the last radio con- 
tact indicating that ‘ ‘die spacecraft was 
alive.” The Washington Post noted on 
Wednesday that Sojourner, “like a lost 
child naively confident of rescue, is 
probably circling the mothership 
slowly, clockwise, awaiting a signal 
that may never come." 

So it is hard to accept that the last 
piece of information now has been re- 
layed. Pathfinder was only supposed to 
last for a month, so there are really no 
grounds to complain, but it functioned 
so much beyond its allotted lifespan that 
its handlers dared hope fix- more. It last 
responded to commands cm Sept 27, 
and scientists, while not giving up hope, 
acknowledge that chances are fading 
for re-establishing contact They say 
they are not sure what has gone wrong; 
it might be the radio, or the battery, or 
the solar panels, or just the approach of 
that pesky Martian winter. 

Of course, there is another possi- 
bility, too, which the scientists won’t 
mention: Maybe those Martians who 
hid behind the boulders every time 
Pathfinder’s camera swung their way 
'have won out and Sojourner, tired of a 
long-distance relationship with de- 
manding Earthlings 170 milli on miles 
away, has applied for asylum on Mars. 

— THE WASHINGTON POST. 


Other Comment 

The Missing Girls in China ** a number of years, described the 

There has never been the kind of 
international outcry that there should 
be over the girls who are missing from 
the population of China. A cultural 
preference for boys, and China's ruth- 
lessly enforced childbearing restric- 
tions, have resulted in the wholesale 
destruction of girl babies through neg- 
lect abandonment, infanticide and the 
targeted abortion of female fetuses. 


Susan Greenhalgh, an anthropolo- 
gist from the University of California 
at Irvine who has studied this problem 


ot ye 

situation as “frightening.” In a paper 
that she co-wrote two years ago, she 
said that little girls were being elim- 
inated “on a massive scale.” 

No one knows how many girls have 
been lost but the .demographic data 
show that the toll has been enormous. 
There is now a profound imbalance in 
favor of boys in the number of small 
children in China. Normally the num- 
ber of boys and girls in a society is 
roughly in balance. 

— Bob Herbert, commenting in 
The New York Times. 


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jicral o^^ Cbnbmte. 

rajmi «n ib nv> mb im wwMmn mit 

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Security 

T HE HAGUE — Given the intensity 
of feeling, the debate on Middle East 
peace prospects at a European meeting 
of the Trilateral Commission here was 
remarkably low-key. But that is hardly a 
signal that things are looking up. 

On the contrary, the crux of the issue 
is becoming clearer and hardier. This 
was reflected in the fact that both Pal- 
estinians and Israelis did not send top 
officials, who had been invited to 
present their case, although their rep- 
resentatives took a more moderate tone 
than leaders might bave done. 

For the Israelis, Uzi Arad, who is 
foreign policy adviser to the prime 
minister, repeated on Sunday the de- 
mand that security against terror most 
come first and cannot be bargained 
against anything. For the Palestinians, 
Nabil Shaath, who Is minister of plan- 
ning for the Palestinian National Au- 
thority, insisted that land and inde- 
pendence must be the key to a solution, 
although he condemned all terrorism. ' 

This dispute is what negotiations 
now have to address, and the question is 
what outside powers can do aboat it 
The Trilateral Co mmis sion is a club 
of European. American and Japanese 
high-level officials, businessmen and 
foreign affairs specialists.who try to look 
ahead, identify common problems and 
recommend policy. On the Middle East, 
the European section naturally tries to 
see what Europe can contribute. 



By Flora Lewie 

There is full understanding that the 
United States must lead and that 
Europe must seek to coordinate with it, 
although its vitahinterests in the Middle 
East are more direct and sometimes 
divergent from Europe’s. 

The PNA’s president, Yasser Arafat, 
had just been racing through European 
capitals trying to persuade the Euro- 
pean Union to freeze its cooperation 
agreement with Israel as a means of 
pressure on the Netanyahu govern- 
ment He got nowhere. The situation 
has made Mr. Arafat “despondent,” 
Mr. Shaath said. 

Axrigo Levi, an Italian journalist and 
expert who reported on a long study 
trip to the region, pointed out that noth- 
ing can be taken for granted now. There 
is a “war scenario and a peace sce- 
nario,” he said, and the current stag- 
nation of peace efforts could lead to a 
war scenario, however irrational. 

It is time, 1 think, to stop talking 
about the ‘ ‘peace process,” which is on 
everybody's iips. lt has come to value 
talking for the sake of talking, as 
though it were a goal in itself and dRIn ' t 
have to lead anywhere. 

The purpose and the hope must be 
reaffirmed or the process will disin- 
tegrate despite the fact that most people 
do want peace. It would be better to call 



it the “peace 
ledge that stef 

a recipe for fu~— _ 

The World Economic Forums 
Middle East Summit will take place in 
Doha, ca pi tal of die Gulf emirate of 
Qatar, in a fortnight, but mainly as a 
concession to the United States. Saudis 
and other Arabs wanted it canceled to 
show their anger at Benjamin Netan- 
yahu’s policies, and if they do send 
delegates they will be minor figures. 

That is alar cry from the euphoria of 
the first and second summits, in Cas- 
ablanca and Amman just _ before 
Yitzhak Rabin was killed, which pro- 
duced visions of extensive Arab-Israeli 


economic M 

The Arabs don’t think that Mr. Net- 
anyahu will ever agree to a Palestinian 
state which is not under total Israeli 
control Although they quarrel with 
each other, they cannot accept less for 
fear of a rise in domestic extremism. 

The issue of land, along with new 
Is rael i settlements, is more than sym- 
bolic and emotional. In this conflict, 
which is about bow people can live 
separately on the same small territory, 
possession of land implies sovereignty. 
Anywhere else in the world, the pur- 
chase or expropriation of land is just 
about property rights. Here U is about 
future state borders. * 

The European Union has proposed a 
* ‘code of conduct” for both sides while 


negotiations continue. Its special envoy 
to the Middle East. Spanish- Ambas- 
sador Miguel Angel Mbratroos, sug- 
gests tint a third .party, pethMs rep- 
resenting both Europe and the united 
States, could be sent to monitor bow 
well tiie Palestinians are frying to stamp 
out terrorism, as they have promised 

Mr. Shaath complained that Israel 
has refused a Canadian offer to supply 
the PNA with explosive-detection and 
lab facilities it needs, and also Hol- 
land’s offer to take responsibility for 
security in the Gaza port it has con- 
tracted to build, because Israel wants 
to be in charge. . ; . 

“We need equipment and training to - 
do the police work brad wants,” he 
said, but Israel warns to be the sole 
judge of the effort. “We are notlook- 
jngfor a balance of power, in that Israel 
is overwhelming. But we must have a 
balance of shared interest” 

There is no longer encouragement to 
be taken from willingness to exchange 
views. The key points are Israeli se- 
curity and demilitarized Palestinian 
sovereignly. Both sides must recognize 
that. The United States and Europe can 
lead them there, and help make it work 
in many specific ways. 

This is the watershed. Waiting for 
the two sides to trust each other .will 
send them tumbling over the disaster 
cataract 

e Flora Lewis. 


As Gulf Oil Heads East, an Evolving Political Equation 


K UWAIT — I was so re- 
lieved the other day to see 
the huge aircraft carrier Nimitz 
steaming into the Gulf, in the 
latest high-profile U.S. effort 
to stabilize mis oil-rich region. 
I sleep so much better knowing 
that America is protecting the 
flow of oil to China. 

You mean nobody told you? 
You didn’t know that China 
has become a net oil importer, 
with two-thirds of its imports 
now coining .from Kuwait, 
Iran, Sandi Arabia, Qatar, Su- 
dan and the United Arab Emir- 
ates — under the tacit pro- 
tection of the U.S. Navy? 

And that’s not all. One of the 
biggest industrial projects in 
Kuwait today is the building of 
two new gathering stations. 
These are industrial hubs 
where many pipelines from an 
oil field all come together, so 
that the crude can be separated 
from gas and water before be- 
out to tankers. 
ie two new Kuwaiti gath- 
ering stations are being built by 


Bv Thomas L. Friedman 


China’s state-owned petro- 
leum company, working under 
the design and direction of the 
American company Parsons 
Engineers. They work through 
Chinese- English interpreters. 

Kuwait’s oil minister, Isa 
Al-Mazidy told me: “Our 
is all coming from the 
China has a great poten- 
tial both as a consuming mar- 
ket and a place to refine ofl.” 

Qatar's oil minister. Abdul- 
lah Al-Attiyah, said to me: 
“We have a lot of delegations 
going there and they have a lot 
coming here. Their farms are 
already one of the biggest cus- 
tomers of our fertilizers.” 

While C hina, Japan and 
their neighbors are all becom- 
ing more dependent on Gulf 
oil, America has been steadily 
shifting its dependence to the 
Atlantic basin. It gets only 
about 19 percent of its oil now 
from the Gulf. Last year Ven- 
ezuela overtook Saudi Arabia 


and Mexico as the biggest oil 
supplier to die U.S. market 
Did you think President Bill 
Clinton went to Venezuela just 
for a vacation? 

This shift to Venezuela was 
due in part to thefact that Saudi 
Arabia nationalized its oil 
business in die 1970s, while 
the Venezuelans have been in- 
viting in U.S. oil companies 
and giving than coveted pro- 
duction-sharing agreements, 
which is where die oil compa- 
nies really make big money. 

This is becoming a strategic 
concern for Saudi Arabia. The 
Saudis want the. United States 
dependent on their oil for their 
own security reasons, and they 
were very upset last month 
when they heard what the White 
House spokesman, Michael 
McCuny, responded when 
asked about America’s declin- 
ing dependence on Gulf oiL 

Mr. McCarty said that Latin 
America was evincing grow- . 


mg respect for democracy and 
human rights, while “die 
Middle East is a region that has 
endured great conflicts — so I 
think it is significant that we do 
rely on Venezuelan imports.” 

Alas, all this does not mean 
.that America can now blithely 
ignore the Gulf. Oil, unfortu- 
nately, is a fungible commodity 
in a global market Even if the 
United States, does not get 
much oil anymore from the 
Gulf, a disruption of supplies 
from there would mean mat the 
total world supply would shrink 
and therefore everyone’s price 
of gasoline would go up. 

What it does mean, though, 
is that someday soon the Nim- 
itz may have company. The 
S.S. Deng Xiaoping out . of 
S hanghai , perhaps, or maybe 
the S.S. Mahatma Gandhi out 
of Calcutta. 

During die Gulf War, Amer- 
ica put together and led the 
anti-Iraq coalition as though 
the Gulf were an American 
lake. The Chinese fell into line 


rather easily. Those days are 
over. America’s interest in the 
Guff will remain considerable, 
but its abiliiy to freely, ma- 
neuver in this region will be- 
come considerably less. 

America already has been 
struggling for months, with 
limited success, to keep its 
Weston allies on board with 
U.S. efforts to contain Iran and 
Iraq. If Washington finds it 
that difficult to manage Gulf 
strategy with allies, wait until 
nonames like China, Indone- 
sia, Malaysia and India are. 
more deeply involved there. 

Early in the next century, 
Asian need for Gulf oil “wUl 
far exceed that of the U.S. and 
possibly even Europe,” says 
Geoffrey Kemp, a Gruff expert 
at the Nixon Center, “and it is 
myopic to think that the major 
Asian powers, either individu- 
ally ot collectively, will not 
'want to have a much greater 
say in the political arrange- 
ments in this region." 

The New York Times. 


*«r 


)//'■ J 


"j;, h'“" 


If America Leaves Bosnia, Europe Has No Choice but to Stay 


■>!l . 


P ARIS — An Albanian “lib- 
eration army’ ’ now exists in 
Kosovo. Eleven Serb-manned 
police stations were overrun in 
attacks just last month. The po- 
lice have lost control of a part of 
the province, and attacks have 
increased since die unrest earli- 
er this year in Albania, where 
more than a half- million wea- 
pons were looted and pat into 
clandestine circulation. 

The Kosovo Albanian lead- 
ership is struggling to keep re- 
sistance to the Serbs nonviol- 
ent, but most observers on the 
scene think that without major 
Serbian concessions the situ- 


By William Pfaff 


ation is bound to get worse. 
Recent elections in Serbia con- 
firm the continuing influence 
there of hyper-nationalism. 

Another consequence of 
what has happened in Bosnia 
concerns Muslim immigrants in 
Western Europe. An investiga- 
tion of attitudes among young 
immigrants in France reveals 
that Bosnia now is the most im- 
portant issue influencing them 
to join Islamic integxist or fun- 
damentalist movements. 

The mtegrist recruiters argue 
that since Europe refused to de- 


fend Muslims in Sarajevo and 
elsewhere in the old Y ugo&lavia, 
who for many years had been 
fully integrated citizens of 
Europe ana part of European 
civilization, what future can ex- 
ist for other Muslims in Europe? 
They say the only course mat 
remains open is armed 
Calls recently have 
heard in Washington for 
abandoning Dayton,, partition- 
ing Bosnia, and a quick NATO 
exit That presents quite as many 
problems as staying on. since, by 
ratifying what Serbian andCroa- 


Europe in the American Exit Strategy 


C OLLEGE PARK, Mary- 
land — It has been two 
years since the guns in Bosnia 
fell silent. Despite much pro- 
gress in solidifying the cease- 
fire since then, there is a grow- 
ing consensus that peace in 
Bosnia remains so f ragil e*, that 
an international security pres- 
ence will be needed after the 
NATO force’s mission ends in 
June 1998. 

This conclusion leaves the 
Clinton administration with a 
dilemma. If U.S. forces depart 
as scheduled next June, the 
Europeans have said that they, 
too, wiU leave: That would risk 
the unraveling of Bosnia’s pre- 
carious peace. Bnt a decision to 
extend the U.S. military pres- 
ence risks the ire of Congress, 
where sentiment runs strongly 
against another extension based 
on an uncertain exit 
A growing chorus of voices 
suggests that the way out of this 
dilemma is to abandon Dayton 
and accept Bosnia's partition in 
two or three ports. _ 

Yet ethnic partition offers no 
solution. Not only would it re- 
ward those who consistently de- 
fied the Dayton accords, but 
partition would not obviate the 
need for a continued interna- 
tional security presence. Even if 
partition could be effected 
peacefully, the division would 
still need to be enforced. 

Instead of accepting Bosnia’s 
partition, the Clinton adminis-' 
(ration can escape its dilemma 
by devising a credible and dur- 
able exit strategy! 

One possibility is to condi- 
tion the continued presence of 
UJS, combat units in Bosnia 
after June 1998, for an addi- 
tional 12 to 18 mon ths on ex- 
plicit agreement by the major 
European allies to take over 
command of and full respon- 


By Ivo H. Daalder trans-Atlantic bickering that 

characterized allied relations 
prior to Dayton. 

To persuade the allies to ac- 
cept this transition strategy, the 
administration should: 

• Challenge the European al- 
lies to use the Bosnia mission as 
a way to give concrete meaning 
to the European security and 
defense identity that many al- 
lies have long demanded. 

• Agree to transfer command 
of the Bosnia operation to a 
European commander during 
the transition period. 

■ Commit to back up the 
European forces that remain 
after the transition period, to 
ensure their mission will be 
fully carried ool 

• Propose to strengthen the 
authority of the organization re- 
sponsible for coor dinatin g ci- 
vilian imple mentati on efforts in 

Bosnia and to appoint an Amer- 
ican as the organization’s head. 

U.S. leadership proved cru- 
cial in bringing about the end of 
Bosnia's horrific war, and the 
'gross since then is due in 
part to America’s continu- 
ing commitment to Bosnia's 
peace. But while peace in Bos- 
nia will require a long-term in- 
ternational security presence, 
the United States should now 
take a backseat role and leave it 
to Bosnia's European neighbors 
to lead the NATO effort to en- 
sure that Bosnia’s peace be- 
comes self-sustaining. 


sibility for ensuring a stable and 
secure environment in Bosnia 
after U.S. forces have with- 
drawn by a date certain. 

Will Congress accept a tem- 
porary extension of the U.S. 
presence in Bosnia on this 
basis? It may be difficult, but it 
is not impossible. 

One positive indication is 
provided in the defense appro- 
priations bill, in which Con- 
gress, after having threatened to 
cut off funding for U.S. troops 
in Bosnia after June 1998, 
agreed to allow the president to 
waive the funding prohibition if 
he provided both a strategic ra- 
tionale for his decision to ex- 
tend U.S. participation and a 
detailed exit strategy. 

In addition, a decision to ex- 
tend the U.S. presence would be 
more palatable to Congress if 
the administration made clear 
that the strategy: 

• Underscores allied willing- 
ness to share the burdens of 
European security generally 
and maintain peace and stability 
in Bosnia in particular. 

• Is responsive to congres- 
sional concerns by limiting the 

J.S. forces re 


tian nationalists have wanted 
from the start, it would require 
NATO to supervise still more 
large-scale population transfers. 

However the idea appeals to 
those in Washington and New 
York obsessed with the political 
risk of U.S. casualties. Henry 
Kissinger and The New York 
Times are in this camp. 

There is no “exit” available 
for the people Of Bosnia. 

The country's ethnic factions 
are far from reconciliation, but 
not as far as they were when the 
Dayton negotiations began. The 
recent decision of the Bosnian 
Seibs’ president, Biljana Plav- 
sic, to support Dayton was a 
response to new realities cre- 
ated in Bosnia by the interna- 
tional and NATO presence. 

It is not too much to say that 
what finally happens next 
spring will decide .what be- 
comes of the European Union 
as a political actor, as well as 
what happens to NATO. . 

An American withdrawal 
would turn the Clinton admin- 
istration's plan for NATO ex- 
pansion into farce. If a U.S.-led 
NATO is unwilling to stick with 
the pacification of Bosnia, the 
notion of an expanded NATO 
pacifying the rest of Europe 
loses all credibility. 

Nonetheless. Congress anH 
the Clin ton administration re- 
spond to domestic public opin- 
ion, and that today is largely 
uninformed about, and -uninter- 


ested in, Balkan dangers, or 
NATO expansion. There is a 
strong possibility that the United 
States will indeed withdraw. 

The West European powers 
insist that they went in to Bosnia 
with America and will go out 
with iL They do have tire mil- 
itary capabilities for staying on, < y 
despite politically motivated 
claims to the contrary. 

The secretary-general of 
Europe's military organization, 
the western European Union, 
said as much in a television 
broadcast last November. “ The 
problem,’’ he said, “is that of 
will « ud political judgment” 

It would be better if everyone 
stayed, recognizing that the situ- 
ation is (me where prolonged 
iniervention on a reduced scale 
will be necessary to keep the 
peace and supervise political re- 
construction. But if the United ^ •; 
States leaves, for European if 
forces to leave with it would ' ' , 
mean, for the European Union, a 
geopolitical and moral suicide. 

International Herald Tribune. 

© Los Angeles Times Syndicate. 


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


purpose of U.S. forces remain- 
ing in Bosnia to effecting a tran- 
sition to a'Europeaa-lea force. 

• Demonstrates the vitality 
and utility of NATO in' this new 
era of European security and 
therefore giyes added reason for 
the Senate’s swift consent to the 
alliance's enlargement 

If Congress can be per- 
suaded, what about the Euro- 
peans? Here prospects are less 
bright To date, the major allies 
seem committed to their rhe- 
torical slogan of “in together, 
out together." London and Par- 
is may also fear a return to the 


IN OUR PAGES: 100. 75 AND 50 YEARS AGO 

1897: Brigand Hanged ^ tenderly but decorously 

embraced. Two railwaymeu^ 
were “shocked," and reported 
to toe police what they had seen. 
Sentence was passed upon toe 
couple for “outraging good 
it being expressly 
provided that for throe years to 
come “they will be forbidden to 
kiss in a public place," 

1947: Russia Accused 


ODESSA — At Schemacha, in 
the Government of Baku, a no- 
torious brigand chief, Atam-De- 
mjr-Ogly, has just been duly sen- 
tenced apd hanged by toe 
military authorities. Besides rob- 
beries and other outrages, thirty 
cases of cold-blooded murder 
were proved against him. An im- 

manfifi nunniiu t> ..a -«■ 


The author is, associate pro- 
fessor at the University of 
Maryland's School of Public Af- 
fairs. He coordinated US. 
policy toward Bosnia as a staff 
member on the National Secu- 
rity Council in the first Clinton 
administration. He contributed 
this comment to the Interna- 
tional Herald Tribune. 


““ft"/ w ■ 

fridges, were distributed by the 
Central Arsenal to the chiefs and 
elders of villages and Russian 
colonial settlements in various 

r s of the Caucasus to en a ble 
natives and settlers to resist 
their brigand enemies. 

1922 : Public Kissing 

ARLON — Is it lawful to kiss in 
public? The law of Belgium an- 
swers in the negative. On a 
warm July day, toe manied pair 
in question sat down on the 
edge of an embankment, where 


ROME — Polish circles ac- 
cused the Soviet Union. of kid- 
caping Stanislaw Mikolajczyk 
and his suite and sending, 

J? Siberia. They seated their be- 
lief that toe NKVD is too well 
©rgamzed to let an ex-Premier 
sndhis immediate collaborators 
get away so easily out of Po- 
land. ^“Mikohriczyk ‘disap - 
peared’ from Warsaw just as, 
tor toe past three years, all Potes 
opposed to the present regime 
have been ‘disappearing,’ " of- 
jjcjals of the anti-government 
Polish agency said. 


t 






INTERNATIONAL HERALD TRIBUNE, FRIDAY, OCTOBER 31. 1997 


PAGE 9 


OPINION/LETTERS 


\ : r. 


Dear Mr. Jiang: A Few Things 
To Know About America 


...... ^ 


■•-.-I. V 


-i 

■ ■ • ‘ V 


AA 


u . 




Political t 


7««(i 


• •? 

- a. v 


i - .. . 


. By E.J. Dionne Jr. 
W w eIcome to our 

wSsgWKKsis 

rniwaderetand 



from the coosem of foe governed.*** 
Your opponents here are not naive. We 
understanntbe difficulties China has over- 
come. We know a growing Chines e eco- 
nomy is good for us. We know we have to 
live with China and engage rL 
The current stock market convulsions 
demonstrate that an unstable Asian eco- 


jp-n-i, K | ,, 'iwMuumittios ucnuuusuaic wm on unsmoie Asian eco- 

^tnMxaoie acmevements in recent years, aomy is bad for the American economy. 

for vour «S?n here admiration “We are linked, all of us,’ * said Secretary 
cOUQtr y. There is a natural in- of State Madeleine Albright 


cUnatioD ip respect what hardwork and an 
cntreprateunal spirit have accomplished. 
Most of us accept that China win be' a 


superpower someday soon. 


m ^° U ma °y who took couuny.T^n’t pretend that your long- 

aeainsr™* a S3Jnst^y°u also demonstrated. Term interests are secure because many 


But the fact that we're not naive makes 
us wonder how long we can live with the 
conditions and technology transfers yon 
impose upon those who invest in your 


against our country's policies in Vietnam. 

borne of them even called for recog- 
nition of your country’s Communist gov- 
ernment when it was risky to do so. They 
are not against C h i na . They do not seek a 
new Cold War. But they are against your 
government. 

_Yoar opposition here cannot be dis- 
missed as narrowly ideological. Christian 
conservatives oppose your country’s re- 
pression of Christians, but so do liberal 
.Christians and so do Jews, Hindus, 
M uslim s and atheists. Supporters of self- 
determination- in Tibet are not confined to 
followers of the Dalai T jma America's 
unions oppose the exploitation of prison 
labor by a regime that claims to act in the 
interests of workers. 

.-.Don’t comfort yourself that “human 
rights activists” are scans tiny minority of 
hotheads. Susan Allen, wife of the governor 
of Thomas Jefferson's home state, spoke 
for Americans when she told you; “Vir- 
ginia is proud that one of its sons wrote ... 
dial governments derive ‘their just powers 


American businesses give in to your gov- 
ernment to make short-term money. 
American patience won't last forever. 

But the conflict between you and your 
opponents in our streets is not, finally, 
about money. If your government showed 
signs of moving toward democracy and 
freedom, you could strike much better 
deals with us. The fear and anger your 
government inspires are the fear and anger 
inspired by any government willing to gun 
down, its .opponents. We’ll deal with your 
government because we have to, but we 
can never be friendly toward a regime 
built on massacres and repression. 

You consider your American oppo- 
nents inconsistent and self-righteous, 
seeking to impose “Western” s tandar ds 
of human rights on an Asian culture with 
different traditions. 

You 're half right We can be self-right- 
eous and we have been inconsistent in our 
support for human rights. 

But this business about your represent- 
ing some “Asian” view against the 



“Western” model of democracy is dis- 
honest and insulting to your own people. 
It’s the claim of a governing class not 
willing to give up its power, privileges and 
access to wealth. 

It's the argument of leaders who fear 
that their own people may have different 
ideas and aspirations. It’s the contradic- 
tion of a government trying to build a risk- 
taking society without taking the risk'of 
letting its citizens speak freely. 

Your opponents here do not deny the 
difficulties of governing China and do not 
want confrontation. But do not under- 
estimate America's “popular forces.” as 


your ideologues call public opinion. No 
Till Clint 


matter what President Bill Clinton or 
members of our foreign policy establish- 
ment say, the popular forces in America 


do not mist your government and despise 


what it has done to those who dared raise 
their voices against it. 

Don’t be deceived by power brokers who 
seek gain by throwing themselves at your 
feet. Don't gamble that our popular forces 
will sell out for money. The demonstrators 
you saw represent many other Americans 
who stand with those in your country on 
their long march to democracy. 

Washington Post Writers Croup. 


A Way to Help Teens Live 
Through Adolescence 


By Richard Cohen 


W ASHINGTON- — There is 
no name more redolent of 
old-time American values than 
C hau tauqua. It was in this upstate 
New York town that the Chau- 
tauqua movement for adult edu- 
cation was founded in 1 874 and it 
was where, for many years af- 
terward, the nation's' orators 
would come in the summer to lec- 
ture, often on religious values and 


MEANWHILE 


H. 


LETTERS TO THE EDITOR 


Keep Them Separate 


* 


T "'-" 


♦■***■ A* 

*Vr- < >'■ 


v* 


Regarding “Rights for Reli- 
gion" (Editorial, Sept. 12): 

The editorial about the proposed 
Freedom From Religious Persecu- 
tion Act ignores one of the basic 
principles of the United States: the 
separation of church and state. That 
principle is being violated, or at 
least conveniently ignored, by U.S. 
religious groups and by politicians 
who fear their wrath, covet their 
votes and/or share their beliefs. 

The writers of the . U.S. Con- 
stitution knew firsthand the her- 
itors that result from mixing re- 


ligion and politics and -wisely 
chose not to do so. A look at 
Algeria, Iran, Northern Ireland. 
Bosnia or any of today’s religion- 
inspired killing zones confirms 
their wisdom. Perhaps that wis- 
dom, the simple and absolute sep- 
aration of church and state, is what 
the United States should be trying 
to export, if anything. 

RQBERT NEO-LEY. 

Milan. 


Using Antibiotics 


. Regarding “ Stop Using Anti- 
biotics Wink jlfay .StflL Work" 


(Opinion, Sept. 10) by Patricia 
Ueberman and Michael F. Jac- 
obson: 

I find it more likely that the 
pervasive presence of antibiotics 
in the food supply, and not die 
overpresenption of antibiotic 
drugs, is behind the evolution of 
antibiotic-resistant bacteria. 

How can prescribed doses of 
antibiotics be compared with 
nearly universal subtherapeutic 
ingestion, which hardens bacteria 
as effectively as sensitivity ther- 
apy treats allergies? 

PATRICK SUUJVAN. - 
Herndon, Virginia.' 


The article omitted a poten- 
tially significant factor in die 
spread of resistant bacteria. In 
some countries, antibiotics are 
sold over the counter. Many 
people, unable to afford a full 
course of antibiotic treatment, 
buy pills one or two at a time 
and take them only until they 
feel better. 

This practice favors the sur- 
vival of resistant organisms that 
can be transmitted to tourists and 
other visitors and then to the rest 
of the world. 

ERIC FENSTER. 

. MpntreuU, France. 


Pick Your Hemisphere 


Regarding ‘‘Clinton Touts Edu- 
cation” (Oct. 16): 

The article includes a quote 
about globalization from die pres- 
ident, who was visiting Brazil: 
“In your country and min e and 
throughout our hemisphere, many 
people question our course.” 

To the best of my know- 
ledge, Brazil is in the Southern 
Hemisphere and the United 
States is in the Northern Hemi- 
sphere. 

ROBERT A. CLARKE. 

Fleurance, France. 


Americanism. Now. however, the 
name Chautauqua is probably bet- 
ter associated with AIDS and the 
calamity that has befallen a num- 
ber of the area’ 5 young women. 

How many is not yet clear. In- 
vestigators say, though, that one 
man, Nushawn Williams, 20, is 
directly responsible for infecting 
nine girls and women ranging in 
age from 1 3 to 20 — and maybe as 
many as 28 total. 

In addition, health and police 
officials assert that Mr. Williams 
may have infected even more 
women in 'his native New York 
City. Since Sept. 6, 1996, he has 
known he is HIV positive. 

A tragedy such as this was 
bound to attract the attention of 
the national press. After all, it 
invokes the fear that every parent 
of a teenager has: What is he or 
she doing and with whom? On a 
given night, to be a parent is to 
be an insomniac. 

So ii was not surprising to read 
about the Chautauqua tragedy in 
several newspapers. Yet not one of 
them told me whether Chautauqua 
County’s 18 schools had a con- 
dom distribution program. 

1 called one of the schools men- 
tioned in the newspapers. Chau- 
tauqua Lake Central High School. 
The answer .to my question was 
“no.” The county’does. however, 
have an award-winning sex edu- 
cation program that has signif- 
icantly lowered its teenage preg- 
nancy rate — once the third 
highest in the state. 

Time has passed Chautauqua 
by. It’s a summer resort area still, 
but foe old industries — furniture 
and tools — have gone the way of 
the long-winded speeches and 
oratorical grandiloquence. The 
area has foe troubles and social 
problems of everywhere else. Its 
kids are lonely in a crowd, mis- 
understood, beyond understand- 
ing and seeking love, as the song 


says, in all the wrong places. 
Chautauqua is, as it always was. 
deeply American. 

On television foe other night I 
heard a health official say that 
such tragedies could be prevented 
if teenagers practiced abstinence. 
Who can argue with that? But it is 
not realistic — not now and not 
even back when Warren Hauling 
was a Chautauqua speaker. 

You can, os Dan Quaylc and 
others have done, decry modem 
trends and prescribe 50Qme tablets 
of pure nostalgia. But that will not 
change economic and social reality 
— working moms, single-parent 
families, greater affluence, fewer 
social constraints, cars, drugs and 
the temporary insanity wc call adr 
olescence. In these circumstances, 
celibacy is not a remedy. 

Mr. Williams ought have had 
the exotic appeal of an outsider, a 
worldly guy from New York City. 
Whatever the case, it is stunning 
to think that an AIDS preventative 
was available to all his sexual 
partners — if only they had one. 1 

Maybe if the school had dis- 
pensed condoms, some of the 
girls might have insisted on safe 
sex. Wc already know from at 
least two studies' that condom dis- 
tribution does not lead, as some 
have warned, to an increase in 
sexual activity. 

In truth, the antidote for mind- 
less teenage behavior goes under 


the generic term "growing up.” 

that 


Anyone who suggests 
something else — chastity, con- 
dom distribution — can by itself 
cool the combustible combination 
of youth and sex forgets what it's 
like to be a teenager. 

But condom distribution prob- 
ably would have made a difference 
in Chautauqua — maybe not to all 
those who may now be infected, 
but to some. It sends a message 
that sex is not some furtive, secret 
act, as shameful as it is erotic, but a 
commonplace event whose con- 
sequences can be dire and. need- 
less to say, preventable. 

Ultimately, the demystification 
of sex — the empowerment of 
young people to demand that then- 
sex be both consensual and safe — 
will save even more lives. It may be 
best to just say “no” — but not to 
information and protection to those 
who choose to say otherwise. 

The Washington Past. 


No (Loin but t 


BOOKS 


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■BOMBSHELL: ; : 

The Secret Story oi America's 
Unknown Atomic Spy Conspiracy 

By Joseph Albright and.Marcia Kunsie). 
399 pages. $25. Times Books. . 
Reviewed by Gregg Hericen 


HEN the Soviet Union imploded in 


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t t . 1989, the opening of KGB archives 
% cast a brief bat intense light on the ques- 
’ tion of how much the Russians learned 
through espionage about foe United 
- States ’s wartime atomic-bomb project 
Regrettably, foe archives have since 
closed up again amid an ongoing tarf 
war between Russian scientists and 
former spies over who deserves credit 
for breaking the U.S. nuclear monopoly. 
Recently, the U.S.. National Security 
Agency shed more light on the subject 
When it declassified about 2,900 war- 
time messages sent by the Soviets be- 
iween the United States, and Moscow. 

The coded cables were intercepted and 
subsequently decrypted under an ultra- 
secret agency project known as Venona. 

» Joseph Albright and Marcia Kunstel 
, — two correspondents for the Ctox 
Newspapers who were formerly based 
in Moscow — have written the first 
book on Soviet atomic espionage to 
draw upon Russian archival sources as 
well as Venona. It is both a solid, well- 
searched work of history and a bnl- 

i Ua 7^ U Snto? P sSy rey°l v esarmind 
'two voting American spies, _ Theodore 
■SS andSavilie Sax, and a hustond-and- 
[wife ream from New York named Moms 
Erf Loi Cohen wto 
Isecrets to Soviet handlers and thence to 
£. Center. Unlike ™*ton-d^ 
such as Aldrich 

'for money. Hall, Sax and the Cohens did 
22*5 Sd out of love of e«y, 
•Unfortunately, tire country was the Soviet 
Union— * place they had never seen. 

As a 19 -year-old physicist at Los 


Alamos, Hall passed the Russians a de- 
tailed description of the “Fat Man” 
plutonium bomb — the type that the 
.United States later dropped on Naga- 
saki The Soviets copied Fat Man and 
tested it four years later in an explosion 
that stunned foe West Until now, this 
piece of treachery has been attributed to 
Klaus Fuchs, the German-bdm spy who 
worked for the British Mission at Los 
Alamos. “Bombshell” provides evi- 
dence that Fuchs only confirmed in- 
formation the Russians already had from 
Hall, and thus that the first act of treason 
and its perpetrator were homegrown. 

The authors' careful sleuthing leaves 
little- doubt that Hall and- Sax are foe 
agents identified in Vexvona cables by 
the code names “Ml ad” (“Young”) 
and “Star” (“Old”). 

But as even Albright and Kunstel 
acknowledge, enough gaps and incon- 
-sistencies exist in foe Soviet record and 
Venona to suggest that Hall may not 
have been foe only source for the secrets 
that Lona Cohen, code named “Helen,” 
couriered from Los Alamos to the Rus- 
sians. One marvels, at foe end of this 
book, not that the Russians were able to . 
steal America’s atomic secrets but that 
there were any secrets left to steal. 

Like foe Nazis’ Enigma code, Venona 
was too valuable a Cold War secret to 
risk compromising by prosecuting foe 
“Volunteers.” as the spy ring was 
known to the Russians. Yet there is 
either more to foe story than Albright 
and Kunstel have been able to uncover, 
or American counterintelligence was 
even less competent than previously 
thought Despite what they knew about 
Hall and Sax, the FBI removed, both 
from its active “watch list” in early 
1 952. Six months later, Hall was back in 
foe spying business. In 1947, foe authors 
claim. Hall may have been the source of 
information that helped the Russians 
build foeir hydrogen bomb. 

“Bombshell’ ’ provides new infbnna- 


tion about the whole hunt for “Red atom 
spies” that dominated much of Amer- 
ica's political life in foe late 1940s and 
early 1950s. It now appears that Julius 
and Ethel Rosenberg were only bit play- 
ers in foe theft of atomic secrets — a 
point that Hall understood at foe time. ‘ ‘I 
was more responsible than they were," 
he told his Soviet controL 

Despite the fact that the subjects of 
this book were guilty of wha* many 
consider capital crimes, there is a zany 
quality to foeir real-life exploits that 
gives foe story a human interest missing 
in most espionage thrillers. 

When Hall and Sax sense that the FBI 
might be hot on their trail, they consider 
dressing up as women and walking into 
New York's Soviet consulate to seek 
asylum — until Hall’s wife, Joan, asks if 
they have ever tried walking in high 
heels. 


L ONA Cohen seems a somewhat 
ditzy, hleached-blonde who is 
forever forgetting foe identifying cryp- 
togram to use with her Soviet handlers. 
Bnt she has enough presence of mind to 
slip an incriminating sheaf of secrets 
into a tissue box when army security 
agents unexpectedly stop and search her 
while she is boarding a train. She hands 
the Kleenex box to one of foe agents 
while pretending to fumble through her 
luggage far her ticket. As she climbs on 
board, the agent gallantly returns the 
box of tissues. 

This incident is immortalized in the 
KGB's official history, as are the Co- 
hens, who today occupy a shrine-like 
niche in the Moscow museum of the 
Russian Foreign Intelligence Service, 
foe KGB’s successor. 


Gregg Her ken is a curator and his- 
torian at the Smithsonian and author of 
"The Winning Weapon: The Atomic 
Bomb in the Cold War. J945-19S0;' He 
wrote this for The Washington Post. 





By AlanTruscott • 




i limiy one of the four 
American teams was able to 
dear advantage m 
quarterfinal «ag e J? f 

worldchampionsbips.The^ 

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Thev had cnosen ^ tr~< 

.'China, but to 

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peutsch team and China. The 
Chinese tend to make light 
opening bids, and on tire 

diagramed deal their South 

g^foatwouldbeaweakiwo- 
bid for most Americans. North 
pot unnatu rally carried tire wa- 
ding to six spades, which 
looked like again for foe Amer- 
icans. There appeared to be a 
heart loser and a qpade loser. 

The commentators then 
realized that foe defense 
might not make a spade trick, 
ft* South can shorten his 
trumps by ruffing and eyen- 
rually trap East's jack in a 

coup position. But. it was art 

the defenders spade trtek that 
disappeared. West made foe 
leadof foe heart two, knowing 
that dummy must be vwy 
strong in foe side-suit s. He 
was happy w hen foe dummy 


produced the king-jack, but 
unhappy when it proved that 
South, not East, held the 
queen. South succeeded eas- 
ily by drawing tr um ps and dis- 
carding foe club loser on foe 
fourth round of diamonds. 

Some declaim reached six 
diamonds, a four-three fit in- 
stead of a six-two fit, and 
managed to make it And one 
reached six no-trump. 

It appears that South has 
only 11 tricks, counting three 
in spades,, but West is in 
danger of being squeezed 
eventually in hearts and chibs. . 
He can avoid that fate, 
however, by. the mwisnal play 
of chicking twice in heam. The 
squeeze position then fails. 

In the replay, Zia's team- 
mates were content to play in 
four spades, and their team 
lost 13 imps. But they re- 


gained nearly all this on foe 
next deal, when Zia's partner, 
Rosenberg, made a hopeless 
game after misdefense. 

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INTERNATIONAL HERALD TRIBUNE 
FRIDAY, OCTOBER 31, 1997 


eisut 


For the Feel of Hanoi, Go Wi 



By Rick Smith 

JfUmaruj/ul Herald Tribune 

H ANOI — One of the great sights of 
Vietnam is guaranteed to disappear 
within a few years. Go any mo rning or 
evening to any major intersection in 
central Hanoi, a city of roughly three million 
people, and you will see thousands of bicycles 
plying their way to and from work and school. 

These rivers of humanity still flow through 
many of Asia’s cities, but in Hanoi the current 
remains human-powered to a unique degree: The 
invasion of the motorcycle is not yet complete 
and four-wheeled vehicles are so far limited to 
boisterous cameo appearances. 

For a few fleeting years, Hanoi may remain 
one of the world's last authentic refuges for the 
urban cyclist 

To get the real feel of the city, join the flow. 
For a dollar a day, you can rent a basic bicycle at 
any of several shops that have sprung up near 
Hoan Kiem Lake, the city's traditional center. 
Just leave a driver's license and you can set off 
after a few min utes of formalities. 

■ A circuit of even afew hours will not only give 
you a taste of a city where cycling is a way oflife. 
but also will slow you down enough to see that 
Hanoi is many cities: a medieval Chinese out- 
post; a tree-lined, lake-studded French colonial 
center; a communist capital decked out in full 
hammer-and-sickle regalia; a budding Third 
■ World megalopolis and — much less evident — 
the victim of U.S. bombs a quarter century ago. 



But 61 st, a few road tips, 
for Hanoi at rush hour is not 
for the faint of foot 

Thanks to a French mis- 
sionary, Vietnamese is one 
of the few Far Eastern lan- 
guages that uses a Roman 
alphabet, so you will be 
able to read street signs and 
guess where you are. 

But the general flow of 
traffic, while reassuringly 
slow at the fringes, answers 
to few rules. Except in the 
very center of the city, in- 
tersections are likely to be 
without traffic lights. Other 
vehicles, coming from all 
directions, gauge your 
speed and make way. 

The motile mass seems 
able to digest, anything 
from the most frantic mo- 
torcycle artist to the slow- 
est cycling grandmother as 
long as no one commits die 
cardinal sin of stopping. 

And apart from the occa- 
sional panicked foreigner, 
no one seems to. 

Die number of traffic deaths in Hanoi rose to 
353 last year from 325 the year before, but 
cycling remains relatively safe. Over 60 percent 
of road accidents involved motorcycles in 1996 


lanes and the far right is 
'surprisingly placid. 

A bicycle is especially 
suited for tire tourist be- 
cause much of the city con- 
sists : of vast ‘ resi d en tial 
maizes interlaced with alleys 
too narrow for cars. 

One of die city's more 
gr aph ic reminders of the Vi- 
etnam War is deep in frte 
center of such a block in the 
Ba Dinh neighborhood, not 
far from Ho Chi Minh’s 

mausoleum. A U.S. war- 
plane crashed into, that 

neighborhood; its gnarled 
remains still sit untouched 
in a pool as a stark reminder 
of the bombing raids that 
targeted the city, notably in 
1965, 1968 and 1972. 

In spite of history, the Vi- 
etnamese seem intrigued by 
Westerners joining them on 
the road, although only the 
children stare. I was twice 
invited to homes after doing 
nothing more than'looking 
confused as I paused at the 
nnd 28 percent were connected to cars, while less side of the road to study maps, 
than 1 percent concerned bicycles, only slightly One helpful local tinned out to be a retired 
more than those involving animal-driven carts. North Vietnamese military officer who had 
Mr»*r nf the mueh nlav takes olace in the left learned French in school and Russian while on 


an extended mission in die former 

“Now mv children only want to know about 

aESJHE Etiglfch «d ride motorcycles, 

^US bombings concentrated on the bridges 
across" the Red River, the train station : and in- 
dustrial areas on the perimeters of the city- But 
although damage is not evident mthe 
monuments have been erecte&One on ^shores 
of True Bach Lake in the northern part of the city 
commemorates the capturcof an African pilot 
who was recovered from the lake in lw - 

T HE Hanoi “‘Hilton,’ ’ the old Frenchprison 
that was used to incarcerate captured U.b. 
pilots, still stands, as does Bach Mat Hos- 
pital, which was bombed in 1972. The War 
Museum, although less compreh^iw than ite 
Museum of War Remnants in Ho Chi Mrnh City, 
tracks the history of the conflict with stale 
models of campaigns, including the Freucb de- 
feat at Men Bien Phu in 1954 and the capture of 
Saigon in 1975. .. ... 

Other landmarks in the city recall a world that 
Vine disap peared from Europe: the Museum of the 
Revolution, a monumental statue of Lenm and 
— - M> — r against the evils of capi- 


Hanoi may be one of the world's last refuges for the urban cyclist. 


The cavernous white marble Ho Chi Minh 
Museum, crowded with flocks of schoolchildren 
with white shirts and obligatory red kerchiefs, 
mav bp. the most lavish exhibit. One room shows 



If you want an island without huge hotels, without casinos, without crowds. Dominica has none of these and more: no shopping to speak of and hardly any road signs: but it does have lots of natural wonders and friendly people. 


Dominica, an Island That Columbus Might Still Recognize 


By Steve Bailey 

New York Tima Service 



OSEAU, Dominica — My wife, Jane, 
and l had wanted a warm place for a 
one-week vacation, an island without 
.huge hotels, without casinos, without 
crowds. Dominica has none of these and more: 
no shopping to speak of, hardly any road signs, 
little in the way of sandy beaches. 

Even the many natural wonders of Dominica, 
taken one by one. were less wondrous than 
advertised — and yet the island insinuated itself 
into our hearts, luring us over the next mountain, 
into the next valley, and across every bridge we 
came to. 

Dominica is a mountainous 29-mile- (46- 
kilometer-) long island in die Lesser Antilles. Its 
75,000 residents, who speak English, include the 
last of the Carib Indians. The export of bananas is 
the biggest source of revenue. 

Columbus discovered and named the island 
Dominica because he first saw it on a Sunday in 
1493 during his second voyage to the New 
World; it was colonized by the French in the I 8 th 
century, taken over by the British in 1815 and 
became independent in 1978. There are only 
about 700 guest rooms on the island and most are 

since this is the 
i after Haiti, 
character. We 

went last November. 

Our destination, in the mountains above 
Roseau, was Pwillote Wilderness Retreat The inn 
there consists of eight simple rooms in a complex 
of stucco buildings surrounded by a tropical 
garden filled with exotic plants and animals, live 
and statuary* The garden, a nature reserve, is in 
turn surrounded by rain forest and mountains. The 


hotel desk is also die cashier’s counter for a 
restaurant and bar, all open air without windows 
and screens, as is poetically every home and 
commercial establishment on die island. 

That night, our first meal in Dominica was an 
all-you-can-eat affair featuring grilled chicken 
and tuna in the Papillote restaurant. 

The next morning, we found the chicken 
house, though most of the unusual long- 
feathered roosters and other fowl seemed to be 


example, 
: we didn’t 


wandering freely in the garden. (Had we eaten 
' . foi 


free-range rain forest chicken? The hostess said 
it was possible.) Peacocks also roam freely, 
presiding regally from terrace ledges and sur- 
prising guests on the narrow paths. Chickens and 
peacocks, however, are imported species, and 
rapillote is particularly proud of the native birds 
that can been seen mere, from die Antillean 
crested hummingbird to die Zenaida dove. 

The road to Papillote continues uphill briefly 
until it ends at die beginning of the trail to 
Trafalgar Falls, among the most promoted nat- 
ural attractions on die island. The twin falls are 
only a 15- or 20-minute walk from the inn. 


Below die viewing platform are huge boulders 
and paths to pools at the base of die frills, along 


with a sign warning that everything below the 
platform is subject to flash flooding. 



Looking fob Bubbles 


Our next adventure was to Champagne, an area 
off me beach south of Roseau where volcanic 
gases issue op from die rocky seabed, creating 
champagne-like bubbles to delight swimmers. 
Like almost everything in Do mini ca, Champagne 
i$ not marked by any sign. We found me deserted, 
rocky beach by following directions I had printed 
out from one of die many Dominica-related Web 


pages on me Internet (for 
www.delphis.dm/home.htin). But what we i 
know, until days later when we’ asked at a dive 
shop, is mat the bubbles aren’t really off die beach 
but around a point at one end of die beach. 

After a bubbleless swim, we continued south 
to Scotts Head, a bluff at the end of a narrow, 
rocky isthmus at the southwest tip of me island. 
The four-wheel drive paid off as we drove across 
me isthmus, sometimes as narrow as 30 feet To • 
me left, me Atlantic met the Caribbean and to me 
right, boats bobbed in me clear water of Scotts 
Head Bay, a marine sanctuary where, one diver 
told us, she had sighted more than half the types 
of fish found in me Caribbean. 

When we headed away from me coast we 
couldn’t escape signs of volcanic action. Besides 
me dead or inactive volcanos, as high as 4,700 
feet (1,500 meters) that are the island’s moun- 
tains. there are hot springs, masses of volcanic 
rock, sulfur deposits and vents spewing sulfuric 
gas — and the Boiling Lake. 

The lake is actually the world’s largest 
flooded fumarole. a vent mat releases volcanic 
gases and smoke. Here, me vent happens to be in 
a natural basin fed by small streams, producing a 
200 -foot-wide pond, boiling in me middle and 
about 190 degrees Fahrenheit (88 degrees cen- 
tigrade) at me edges. 

The fumarole is me destination of Dominica’s 
most difficult and most celebrated bike — which 
we didn ’t attempt — 10 mites and seven or more 
hours round trip from the mountain village of 
Laudat. A pair of English honeymooners we met 
did make me hike with a guide. They said it had 
been exhausting and not particularly rewarding: 
Steam rising from the lake matte it impossible to 
see the lake itself. 

We did swim at Titou Gorge, at me be ginning 


of the Boiling Lake trail The deep, narrow 
gorge, where hikers like to swim after their 
ordeal, is another product of volcanic activity. 
As molten lava cooled, it split and pulled apart, 
similar to the way mud in a drying puddle cracks 
apart, creating a route for water from me base of 
one of the island’s waterfalls. 

Swimmers try to get through me gorge to the 
base of the waterfall, fighting the very cold and 
ve ty strong current. Give up the fight and one 
quickly floats back out to a man-made pool (the 
beginning of a pipeline to one of me island’s 
several hydroelectric plants), where a hot spring 
offers some relief. 

There’s another hot spring, more sulfurous 
than that at Papillote, near the village of Soufri- 
ere, off the track — it can hardly be called a road 
— to Petit Coulibri, where we spent me last five 
nights of our week on the island 


the island. Then back for an afternoon swim, 
Kubuli (a very good beer made on Dominica 


and after dark, rum punches and dinner with th 
ithe 


at 


O UR. . 

Papillote, two nights’at Petit CoaUbri 
and then find a place on a beach for the 
last three nights. Because travel on Dominica is 
difficult and time-consuming, man y visitors di- 
vide their stay between inns or hotels in different 
pans of the island. We looked at a lot of other 
inns and hotels, on beaches and inland, but the 
one we liked best, Picard Beach Cottages near 
Portsmouth on the northwest coast, was booked. 
So we decided td stay five nigh ts at Petit 
Coulibri. We began each day with breakfast 


Barnards and the other guests. 

Crossing the island to reach tile Carib Indi; 
reservation on the east side, the road becom 
countless switchbacks up mountains and dov 
deep into valleys with clean, boulder-strev 
rivers never far away (the Carib name for tl 
island is Wai’tukubuli, “tall is her body”). Tl 
Carib area contains seven or eight villages, se 
era! churches and a lot of stands selling crafi 
mainly baskets and wood carvings at prices hi 
mat of the tourist shops in Roseau. 

There are plans to re-create a pre-Columbu 
Carib village as a tourist attraction, but mere 
now no central point for tourists visiting tl 
reservation. There is, however, yet another of tl 
island's natural attractions: L’EscalierTete Cl 
en (the snake’s staircase, after the local name f 
the boa constrictor), an ancient lava flow th 
forms a natural staircase as it descends a blu 
* into the violent waves of the A tlanti c 

Dominicans say that their land is the on 
Caribbean island that Columbus would still re 
ognize. Despite me cultivation of banana 
coconuts, mangoes, breadfruit and so on, itisst 


largely covered by its original forest 
From the sea and the air, it is : 


brought to our cottage: banana fritters, papaya 

adfruiL 


syrup, scrambled eggs, coconut bread and 

Tfcen we’d head out to explore: snorkeling in 
Scotts Head Bay, touring a French aristocrat’s 
decaying villa, going to me Carib Indian Re- 
servation and the beautiful Emerald Pool, below 
a waterfall in a deep forest ravine in the middle of 


- *”“■ “*» ouu we ou, u is a towering ma 
of green. As much as 400 inches of rain falls ea 
year on much of me island, allowing trees 
flourish on steep, inaccessible mountainsides. 
. J? 19 f*' ** travel writer Alec Waugh wrol 
‘There is only one way to understand Dominic 

l ou have to walk across it and along it Rani 

after range with its leaf-domed summit mere 
into the background of successive ranges, wi 
each shade of green merging into another.” 

Waugh would still recognize Dominica, toe 


DINING 


Braise Craze: Chefs Taking It Slow and Tender 


By Patricia Wells 

Inrerikaianal Herald Tribune 


P ARIS — You could call it the 
braise craze. After years of 
fancy dancing coolring "a la 
minute" the French chef has 
ie back to Ms roots, rediscovering the 
i of long, slow cooking. 

Tie French like to say that those 

1 


l ww 

demand lengthy cooking to render 
neat tender — boeufearottes. daube 
t eau , gigot de sept heures - are 
gned for people with little money 
ots of time. 

raising turns the fibrous toughness 
5 $ expensive cuts of meat, into an 
l The long, slow cooking softens 
meat, melting the gelatin into the 
ting liquid, to make a thick, lux- 
xs sauce. Cuts from the rump, the 


breast, the round and the shoulder are all 
good braising material. 

In Parisian restaurants, these dishes 
were long the domain of the elbow-to- 
elbow bistro, where the meats were 
served out of scorched and well-worn 
cast-iron casseroles placed atthe diner’s 
elbow. 

Today, the times have changed and as 
grand* restaurants look for ways to cut 
costs for themselves as well as diners, 
the classiest spots are now hawking 
those fine, well-simmered classics. The 
hearty dish may arrive at your table on 
an elegant Bemardaud china plate ad- 
orned with well-turned vegetables, but 
the pleasures are no less satisfying. 


eoSSAMEB FIRST COURSE At Benoit 
Guichaid’s Michelin-starred Janun, the 
braise is king : No matter die season, this 
meilleur ouvrier de France will offer a 
beef, veal or duck dish that has been 


carefully seasoned and seared in fat, 
then covered with wine or stock and 
braised in the slowest of ovens for hours 
upon end. 

His current men a — which changes 
according to Guichard’s whim of the 
day includes a gossamer first course, 
mitonne de canard etoeufmollet. 

This is a braise brought to the highest 
gastronomic level, with plump legs of 
farm-raised ducks cooked in the oven all 
night long, surrounded by carrots, shal- 
lots, celery root and onions, and drowned 
in white wine. Later, the poultry is em- 
bellished with a healthy portion of cubed 
foie gras, topped with a perfect poached 
egg, and finished off with a smooth, 
alabaster sauce of celery mot cream. 

On any given day, his menu may also 
offer such long-simmering delights as a 
shoulder of lamb cooked for a solid five 
hours teamed up with a symphony of 
spicas, or a paleron de boeuf, or beef 


shoulder, braised with white wine all 
through the night and served with a 
medley of well-turned vegetables. 

Two excellent, well-priced wines to 
sample with these dishes include a floral 
white 1996 Roussanne-Marsanne from 
Jean-Michel Alqtrier in the Languedoc 
(160 francs or about $28) and the same 
winemaker’s Faugeres Reserve Les- 
Bastides 1994 (235 francs.) 

At the Michelin-staned Astor, chef 
Eric Lecerfs dish of the hour is a 
massive jarret de veau, or veal shank 
that’s browned, then braised in stock for 
several hours, deeply perfumed with 
garlic and bouquets of fresh thyme. 

The massive-boned shank arrives 
standing proud on a copper casserole 
and is carved tableside, honoring this 
wholesome, gelatinous cut of meat. 

Equally soul-warming is the classic 
lievre a la royale, a wild hare stew that’s 
braised in red wine and served with the 


tw. i 77 j wuuMiflc wamenon votes dn 
Rhor» cuvee Pascal, beautifully priced 
at 225 francs. 

Jamin, 32 Rue de Longchamp. 75016 
Paris, tel: 01^5-53-00-07: fax: 01-45 - 
53-00-15 . Closed Saturday and Sunday 
All major credit cards. 280-franc lunch 
menu (includes wine and service), 375- 
franc dinner menu, including service 
but not wine. A la carte, 500 francs 
including service but not wine. 

Le Restaurant deT Astor, II rued As- 
. torg, 75008 Paris, tel: 01 -53-05-05-20 • 
Fax: 01-53-05-05-30. Closed Saturday 
andSunday. All major credit cards. 290- 
franc lunch menu, including wine and 
service . 600-franc game menu, includ- 
ing service but not wine. A la carte. 400 
to 700 francs, including service but not 
wine. 









INTERNAT101NAL HERALD TRIBUNE, FRIDAY, OCTOBER 31, 1997 


PAGE U 


lis 


AA- «(h 

"'Wl 

V-:, 4* 


LEISURE 


<>\\ 



Cape Town, a City of Contradictions Even Without Olympics 


By^ijdaMS eil £ 



^didn’t 

" '■4,« v founded in 1652 by iteDmch, 

:■'*& Comply, which nutlL 

T™* to remain a vegetable garden - wa- 

" ■ H°l e md ‘ b y*x± forte^s^S ™v 

.;*$ S^SlSl1 t Spl “ “* SUk $ Asia and so 

It is a curious city, with rich,horsev suburbs and 
.. vast shanty towns on the sandy Cme Flats. The 

" : ^ * e R? or ^ nd fo* workingdawSc rot 

' r ‘ J laclt Africans, but Cape coloreds — mixed-race 
■ descendamsof early Dutch and French Huguenot 

^ 5f Khodchoi and San Bushmenwho 

' • v* * 5? ?£? bltcd i ** Cape; ^ of * e Malay, Indian 
. .. -{v > and African slaves imported by the whites. 


-South Africa is back on world tourism routes, 
and Cape Town is one of its star attractions. 

- Sommer is November through Febniaiy. Schools 
are bn vacation all December, so the high season 
is pnistmastime!, when lines can be long, res- 
taurants jammed and hotel prices can double. It’s 
also the best time for the fine local sandy beaches 

— but since the Cape divides the warm Indian 
. Ocean from the cold Atlantic, the weather can 
shift abruptly. 

Cape Town’s chief annual event is so po- 
litically incorrect it homfies Americans. It's the 


.lineally 

Cape Coco Carnival, which has its roots in 1880s 
touts by American minstrels. Every January for 
more than 100 years, choirs in the mixed-race 
communities have picked banjos, paraded nightly 
and held singing competitions and marches. Ca- 
petonians generally think American shock is 
funny. The contests are Jan. 1.3 and lOat Green 
Point Stadium. Tickets are $4 JO to S6.45. 

Kireieabosch, a botanical garden on the slopes 
of Table Mountain, is the setting for the Kirsten- 
bosch Summer Sunset Concerts. The classical 
mnsicseries is on Sundays from 5:30 to 6:30 P.M., 



Marutai NO Onna 

Directed by Juzo Ixami. 
Japan. 

This latest from the director 
of ‘’Tarapopo' r follows his 
now well established thesis: 
You must stand up to the bad 
guys. In this movie, a gutsy 
actress (Nobuko Miyamato, 
who stars in all of Itami's 
films, is also his wife) wit- 
nesses a murder: A cult mem- 
. ber kills a lawyer who is in- 
vestigating the group. Not 
only does she get a good look 
. at the culprit, but he also gets 

• a good look at her. The police 
. department consequently 
' lends her two cops to go with 

her everywhere — which 
leads to some amusing inci- 
dents when one of the cops 
has to go on stage as a spear 
carrier during her super-pro- 
- duction of “Antony and 
1 Cleopatra.'* It ami, as usual, 
has not decided whether he is 
making a responsible plea for 

• a bit of civic bravery or sweet- 
ening the message by turning 
out a frantic Toho comedy. 


« V • > 


/ Recount 


f* - J ' 

I 

* 




Here, the actress decides to 
take the stand as witness in a 
criminal case (which is what 
marutai means) and identify 
die murderer. She thus illus- 
trates Itami's Capra-like 
theme that citizens have to 
practice accountability, but ar 
the same time she has been 
made so cartoon-thin and the 
others so tnanga-Eke, mug- 
ging their way through their 
parts, that bravery begins to 
look like stupidity. The only 
one of Itaim’s films not so 
compromised was his first, 
and best, “The Funeral” 
From then on his work has 
been a series of earnest 
capers. {Donald Richie. 1HT ) 

The Ice Storm 

Directed by Ang Lee. United 
States. 

“The Ice Storm” has its mo- 
ments, mostly thanks to Ang 
Lee's bright direction and his 
dedicated cast, who chip and 
chisel away at this adaptation 
of Rick Moody's chilly . 1 994 
novel. Unfortunately, the 


ARTS OUID 


BRITAIN 


: Cambridge 

. The Fitzwitliam Museum, tel: 
(223) 332-900, closed Mondays. 

1 To Dec. 14: “Michelangelo and His 
: Influence: Drawings from Windsor 
. Castle.” On loan from Queen 
: Elizabeth It's Royal Library, 68 
• drawings and five engravings by 
’ Michelangelo, Raphael, Sebasti- 
ano del Piombo, Carracci and oth- 
ers. They reveal how artists have 
tried to emulate the dynamism and 
spiritual energy of the figures cre- 
ated by Michelangelo. 

Glasgow 

The Burrell Collection, tel: (141) 
649-7151, open daily. To Jan. 25: 
"Sir John Lavery. The Irish Glas- 
gow Boy." Of Irish descent, but 
educated In Scotland, Lavery's 
plain air work is mainly associated 

I with France and Tangier®. The ex- 
hibition brings together genre 
scenes, piein air paintings, por- 
traits and scenes from his foreign 
travels. 

London 

British Museum, tel: (171) 323- 
8525, open daily. Continuing/ To 
Feb. 1: "Cartier: 1900-1939." The 
exhibition brings together individu- 
al creations in the Egyptian, Indian, 
Chinese and Japanese styles. 
Hayward Gallery, tel: (171) 928- 
3144, open dally. Continuing! To 
jan. 4: ‘.’Objects of Desire: The 
Modem Still Life." Traces the 
evolving language ol modem an 
through the stUl llfes. Features 150 
paintings, sculptures, and objects 

i created by more than 70 artists. 

' Royal College of Art, tel: (171) 
590-4444. dosed Saturdays. To 
Nov. 24: "The Quick and the Dead: 
Artists and Anatomy. “ Dr ®wm9 o* 1 
the work of Leonardo. Mfchetan- 
qelo. Hogarth and Stubbs, the ex- 
hibition explores bodyas a 
source oi inspiration from 1 Btn-cen- 

g FRANC 1 j 

Muses d’Art Modems de to V™f 
de Parts, tel: 

dosed Mondays. To Jan. 4. Bih 
ben & George. More than ioo 
works by the British artists who 
selected to use teemsefyesas the 

SKW 

i 7, dosed Tuesdays. 

To Jan. 25: “Georges de La > Tour, 

1593-1652 ." a survey of the 
. French painter’s & 

i Pavilion des Arts, teL 01-42w- 
82-50. dosed Mondays. To Jan. 
24- "L’Ecote Romame. 1925; 
1945." The artistic mwement 
known as "The Roman School 
tiounshod .in the ^rfyl^ 

«affssasrEss£«! 

Fa2zini joined ^ 0 e S ro i?' nt j nas a ' 
hSn features 8D 
tew sculptures and approwma y 
60 drawings. 

J G I R M A W H 

ContmurngfTo Nov. ^ ren ^ 

R"2L c^urat/ 1 Documents the 

19th-century 1 loworite 

y § ta 



Pavfllaa da Am. Psi* 

Donghi portrait ( detail ), 

“ Roman School ” show. 

dosed Mondays- Continuing^ To 
Jan- 20: “Henri Matisse: La Rev- 
elation West Venue de I ’Orient’' 
Documents the influence of Ori- 
ental art in the French painter’s 
works: 

Turin • • • 

CasteHo Di ffivoti-Museo tf Arte 
Contemporanea, tel: (11) 958- 
1 547, dosed Mondays.To Jan. 1 8: 
“Arte Americana 1975-1995 dal 
Whitney Museum: Wenffla Mul- 
tiple.” More than 80 paintings, 
video installations, photographs 
and drawings created during the 
last 20 years, diart the artists’ en- 
gagementwtth social. Issues, such 
as feminism, Vietnam, and AIDS. 
Includes works by Sherrie Levine, 
Jean-Michel Basqulat and Mtke 
Kelley. 

p NETHIBLANPS I 

Amsterdam 

Rembrandt House Museum, tel: 
(20) 638-4668. open dally To Nov. 
30: “EWimgs by Rembrandt From 
the Hermitage.” Dmitri Rovinsta 
(1824-1895). a Russian lawyer and 
arfhtetorian. couected several hun- 
dred prints by Rsm brand and Ns 
purfs. Tha cofedion wtf be on de- 

^ in St Petersburg from Dec. 15. 

J 8 PAIM 

Barcelona 

Museu Picasso, tel: (3) 319-63- 
10 dosed Mondays. 7b Jan. 25: 
-Picasso: La Fabrics de Dfbuixos, 
1890-1904," More than 200 draw- 
Inos documenting Picasso’s artist- 
ic evolution from childhood works 
to the Blue Period and the Cubist 
years. 

Madrid _ ■ 

u<jgeo ThysMn-Bornemtsza, 

lehO) 420^9-44, cfa^d Mon- 
Sifc V jSlIIs “Joan Wro: 
SSian Peasant WWi Outer, 
^924." Focuses on Miros f824 
painting, one of 

hyW Catalan artist in 1924- 19 ^ 
as he was begtenlng to adhweto 
Surrealism. It ® shown “pettlW 

vrffa preparatory drawings and 
paintings on the same 

SiSwNacfonal Centro de Arte 

Hosed Tuesday®. To Jan 12. 
Leger.“ Highlighting the 


artist’s affinity with architecture, his 
work for the ballet, cinema and lit- 
erature, and his strong political 
commitment. Features 220 paint- 
ings and drawings by the French 
artist (1881-1955). The exhibition 
wiil. travel to New York. 

■ SWITZERLAND" 

Zurich 

Kunsthaus, tet (1) 251-6765, 
dosed Mondays. To Jan. 18: 
"Arnold BockJin, Giorgio de 
Chirico, Max Ernst Bne Raise ins 
Ungewlsse." Boddin (1 827-1 901 ), 
Chirico (1885-1974) and Ernst 
(1891-1976) cover 120 years of 
painting from Romarrtism and 
Symbolism to Surrealism. The ex- 
hibition features more than 200 
works that (tepid the artists’ inner 
worlds, the field of unconscious 
and archetypes, wffl travel to Mu- 
nich and Berlin. 

U PNIT1P STATU 
New York 

Liberty Street Gallery, tel: (212) 
945-0505, dosed Mondays. To 
March 1: “Mechanical Marvels: in- 
vention in tire Age of Leonardo:” 
Drawings, working models and in- 
teractive computer animations of 
the machines created by Leonardo 
and his contemporaries. 
Metropolitan Museum of Art, tel: 
(1) 212-570-3791, dosed Mon- 
days. To Jan. 1i: The Drawings of 
Filippino Lippi and His 01016." The 
exhibition brings together 117 
drawings by the Italian draftsman 
(1457-1504) and his contempor- 
aries in Florence: Botticelli, Piero di 
Coslmo and Raphael. 

Washinoton 

National GaHery of Art, tel: (202) 
737-4215, open daily- To April 26: 
“M.C. Escher A Centennial Trib- 
ute." A celebration of the centen- 
nial of the Dutch draftsman’s birth 
(1898-1972). More than 80 draw- 
ings, prints, illustrated books and 
related technical materials. Eschar 
(s best known for his compositions 
of complex Interlocking shapes 
that evoke jigsaw puzzles. 

Nationaf Museum of African Art, 
tel: (202) 357-2700, open daily. Tb 
April 26: "The Poetics of Ure: Sev- 
en Artiste of the Nsukka Group." 
The exhibition features 64 paint- 
ings, drawings, prints, wood sculp- 
tures and mixed-media works, dat- 
ing from the 1960s to the present 

The seven Nigerian artists repre- 
sented have reinterpreted the lyr- 
ical. curvilinear design -used by 
women to decorate their bodes, or 
the wafle of their homes, fn draw- 
ings, paintings and printmaking. 

CLOSIWCSOOK 

Nov. t. “Amours." Fondatkm 
Cartier pour P Art Content porain, 
Paris. 

Nov. 2; “The Pursuit of Painting,” 

Irish Museum of Modem Art, 
Dublin. 

Nov. 2: “A Quality, of UghL" Tate 
Gallery, St fves, England. 

Nov. & “David Alfaro Siqueiros: 
Portrait of a Decade, 1930-1940." 
Whitechapel Art GaHery, Lon- 
don- 

Nov. Z “Four Hundred Years of 
Scottish Portraits." Frederiks- 
borg Castle, Hilerod, Denmark. 
Nov. z "60th Anniversary Pin- , 
acoteca Villa Favorite: Master- 
works from the Carmen Thyssen- 
Bomemteza Collection." Vote Fa- 1 
vorite, Lugano, Switzerland. 

Nov. 2 : rHenii Cartier-Bresson: 
Pan, Brush and Cameras.'’ Mu- 1 
seum of Fine Arts, HontreaL 
Nov. 3: “Alfred Stieglitz and His 
Contemporaries.” Tokyo Me tro - | 
potitan Museum of Photo- ! 
graphy.Tokya 


December lo March. S2.I5 (27-211 761-1166. 

The Cape Town Kite Festival will be held Dec. 
20and2I at the Victoria & Alfred Waterfront, the 
Hamilrons Rugby Club and fields near Green 
Point Stadium. (27-21) 47-9040. 

The International Tennis Players Tournament, 
Dec. 12 to 14 at the Good Hope Center down- 
town, will benefit Nelson Mandela's Children's 
Fund. (27-11)402-3608. 

Most cities have grown to dwarf the natural 
features that created them, but Table Mountain, 
immense and flat-topped, absolutely dominates 
Cape Town. In the afternoon, a layer of fog, the 
“Tablecloth,"’ drapes it, running down its gul- 
leys into ihe streets.' 

T HE oily easy way up the cliffs is by cable 
car. The ride. $1 1 .80, is vertiginous, the lines 
can be long, and on lop it can be very cold. 
(Fortunately, these is a wanning hut there with hot 
chocolate.) TTie cable car runs 8 A.M. to 4:30 P.M. 
in October. 7 A.M. to 10:30 P.M. in November. 

Two oceans meet at the Cape of Good Hope, 
where storms and currents have sunk hundreds of 


MOVIE GUIDE 


ships. It's about 90 minutes to the south on 
Chapman’s Peak Road, and the narrow road 
climbs high up Chapman’s Peak. A little error 
with the steering wheel can send you over the 
cliff. And there arc lots of distractions: looming 
Sentinel Peak, picturesque Hout Bay, roadside 
African crafts hawkers, whales breaching off- 
shore and baboons hustling for handouts. ' 

The three-and-a-half-ho'ur tour to Robben is- 
land takes visitors to see the cell where President 
Mandela w as imprisoned from 1 963 to 1982. One 
of the ships used for the tours canied prisoners, 
and former prisoners lead the tours. Make sure 
you get on a boat that stops on the island, not one 
of the cruises that pass it. Three tours daily; tickets 
are S 1 7.20. Reservations: {27-2 3 1 4 1 9- ftflO. 

Classic Cape Dutch architecture is on display 
at the area's vineyards, and some of the best 
examples are virtually inside Cape Town itself. 
Groot Constantin, in the heart of Constant ia. 
south of the city center, is rhe oldest vineyard and 
homestead in the Cape, built by an early governor 
of the Cape, in 1693. There arc dailv wine 
tastings; (27-21 1 794-5128. 


The Atlantic is frigid: Indian Ocean beaches 
are warmer. Boulders Beach, near Simonstown 
on the Indian Ocean side, shelters penguins. 

The Victoria & Alfred Waterfront is very 
much a working port, but the area includes the 
Two Oceans Aquarium. 127-21 ) 418-3823, with 
‘•please touch” exhibits for children. Open 9:30 
A M. to 6:30 P.M. daily: 55.80. 

A RACIAL RKMAINDER The District Six Mu- 
seum is in a church at 25 A Buitenkani Street. (27- 
21 ) 461-8745. in what was once a lively mixed- 
race neighborhood that was home to the Cape 
Town jazz scene. In the 1960s, it was bulldozed 
by the apartheid government. People were often 
given tw o hours ib pack before rheir possessions 
were dumped on the Cape Flats. No admission 
charee; open Monday to Saturday 10 A.M- to 4 
P.M? 

Buiienverwachting is a handsome winery on 
Klein Consianlia Road in Consrantia. <27-2 It 
794-3522. The five-course dinner menu, which 
changes daily, recently featured terrine ol eray - 
fish and prawns. S9S (or two w ith wine. 


drama operates on a see- 
through, easily shatterable 
metaphor the frigidity of the 
WASP souL Holding up this 
freeze-dried clich6 as if dis- 
covering it for the first time, 
the movie takes us on a satir- 
ical mystery tour through the 
wacky 1970s, when drugs and 
sexual freedom (in particular, 
wife-swapping) have infilt- 
rated New Canaan, a middle- 
class Connecticut suburb. 
Ben Hood (Kevin Kline), a 
buffoon in a ridiculous cravat, 
is conducting an extramarital 
affair with a sort of bumbling 
vanity. The Other Woman is 
Janey . Carver (Sigourney 
Weaver), who gets bored 
when Ben goes on about his 
golf game. Being a woman of 
questionable morals, she 
smokes, is straightforward 
about sex and reads Philip 
Roth. Meanwhile, Ben’s wire 
Elena (Joan Allen) is a stoic 
study in pain who is — of 
course — completely onin - 1 
terested in sex, and who has ' 
dropped out of couples ther- 
apy. When she finally figures 


Ben’s naughty game, die con- 
frontation will be verbally 
brief and coded And like any 
good WASP, she will carry 
that psychic pain like a virus 
all the way to the wife-swap- 
ping party. Ah yes, the wife- 
swapping or “key” party, in 
which die bored and restless 
drop their car keys into a 
bowL At the end of the even- 
ing, when everyone's tanked 
up and loose, women will 
reach in the bowl, grab a set of 
keys and go home with the 
owner — whoever he might 
be. While these aging chil- 
dren of the 1960s have grown 
up into parental caricatures of 
hypocrisy, stultification and 




desperation-based thrills, £’ * it k is, I 

their children hide in their <3 Cf --** 1 ^ ** I 

rooms, expose their private ... . ^ _ •frSHM I 

parts to each other, pop -*• ■* ■- -if- : I 

Mama's pills and languish in l ' fi '&"+ { * 

chilly, premature cynicism. H 41 

As everyone vents their emo- ■ ' *1 * 

tionol or sexual frustrations ■ ■ / . * 7 ' * v 

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INTRODUCING 

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PAGE 12 


INTERNATIONAL HERALD TRIBUNE. FRIDAY. OCTOBER SI, 1997 



INTERNATIONAL 


Comorans Gain Little From Fishing Up a Living Fossil 


Hantsmbou 


k 


« Km « 
CHORDS 


By Suzanne Daley 

AW YvrL Times Service 


HANTSMBOU, Comoros — In this 
tiny Fishing village, a place where the 
black lava coastline gives way to a small 
stretch of white sandy beach, Otsambu 
Chindini is something of a celebrity. 

Three years ago. in his 27th year as a 
fisherman, he caught one of the world's 
rarest fish — a 7 1 -kilogram 1157-pound) 
coelacanth, a fish with leglike fins that 
scientists call a living fossil. 

The species was long assumed to have 
become extinct along with the dinosaur 
about 70 million years ago. Then in 
1938. one was hauled up in a net off the 
coast of South Africa. 

Since then, fewer than 200 have been 
caught — virtually all of them in the deep 
waters off the neighboring Comoran ar- 
chipelago islands of Njazidja, formerly 
known as Grande-Comore. and Nzwani, 
formerly known as Anjouan. Some sci- 


entists estimate that there may be no 
more than 500 coe Lacan ths (pronounced 
SEE-luh-kanthsJ still in existence. 

Part of Mr. Chindini's celebrity cer- 
tainly comes from the catch ■ — no one 


else in his village has caught any of die 

JHK 


13-meter (5-foot) metallic blue fish 
with white spots. 


But the other part of his fame, judging 
f his fellow fishermen, is 


from the grins O 
that he did not recognize that be had a 
coelacanth and bludgeoned it to death. 
Mr. Chindini, who fives with his wife 
and seven children in a one-room house 
shaded by palm trees, grins about this 
too. 

But he is willing to tell the story: how, 
as he was hoping for tuna or oilfish, he 
sandwiched the bait between two stones 
so it would sink far below die surface, 
and how because of a special loop he 
could release the stones with a small flick 
of the wrist, leaving the white bait ex- 
posed to catch any glimmer of light to be 


found 765 meters below the surface, and 
how suddenly his line was very heavy. 

“I pulled very carefully/’ Mr. 
Chindini said, pantomiming the mo- 
tions. He does not mind showing off the 
line be used either. It looks like a large 
ball of knitting wool. Fishing is strictly 
by hand here. 

At first Mr. Chindini was simply dis- 
appointed by his catch. But when he got 
back to the village and learned its value, 
he wished he bad not been so quick to 
bash in its skull. 

Still he got $217 for it from the 
former director of the island’s fishing 
institute — a fortune for Mr. Chindini. 
who like most of the other fishermen on 
this remote Indian Ocean island barely 
ekes out a jiving. 

The truth is. no coelacanth are living 
in captivity. They are slow-moving 
creatures that live at great depths. They 
absorb oxygen badly, and there is less in 
the warm surface water than down at the 


depths where they live, so the struggle to 
bring them to the surface and the ac- 
companying rapid decompression leave 
them so drained that they usually die in a 
day or two. 

In 1938. the discovery of the coel- 
acanth sent fish experts aflutter. Some 
theorized that the modem coelacanth 
was a close relative of the line of fishes 
that gave rise to the first vertebrates to 
walk on land. Fossils show that the fish 
once existed in great abundance. 

But the fishermen of the Comoros 
mostly consider the coelacanth a nuis- 
ance. They are not particularly good to 
eat. They have value only when for- 
eigners come around asking. The Co- 
moran government signed an interna- 
tional treaty in 1994 agreeing not to trade 
in coe la can ths. 

But there are no laws against landing 
diem, and there is a black market. 

There have been inquiries from aquar- 
iums, but without success. Represen- 


tatives of a Japanese aquarium came a 
few years ago, handing out free synthetic 
lines, which the fisherman here greatly 
appreciated. The New York Aguanum 
also tried to acquire one of the nsh. 

But in both cases, the aquariums met 
with strong opposition from coelacanth 
experts and backed off. Many of the 
experts say that if one aquarium were to 
capture and display a specimen of “old 
four legs.” as the fish is affectionately 
called, others would want one too — and 
die rush to collect die fish might lead to 
its extinction. 

“Even (hough we believe we could 
quite easily do it, create a great sensation 
and make a lot of money, we are nor doing 
it,” said Michael Bruton, the director of 
the Educational Trust at the Two Oceans 
Aquarium in Cape Town and a leading 
authority on the fish. “In fact, we are 
ram migning against anyone doing it.. ’ 

MiT B ruton instead supports putting 
cam eras in the deep grottos where coel- 


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MADAGASCAR 


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acanth rest during ihday and send in 
the i mage s via satellitermind the worl 
rc aquariums, so thatiosc who we* 
interested could watch e fish's ballet; 
movements. Scientists*/ ho have ol 
served Che fish from miniature suf 
marine found that it appenfty does nt 
use its leglike fins but > me limes per , 
forms headstan&s andwims ups id m 
down os it lolls along thnccan floor. r 


Israeli Coalition Struggles 
To Resolve Issues, Trying 
Patience in Washington 


By Douglas Jehl 

AVm- Yuri Tunes Service 


JERUSALEM — Amid considerable 
American impatience. Prime Minister 
Benjamin Netanyahu and his top ad- 
visers are struggling to resolve Israel's 


stance on issues chat were supposed to 
have been discussed with the Palestin- 


ians in Washington this week. 

The disagreement rn Mr. Netanyahu’s 
governing coalition has already forced 
postponement of the talks and prompted 
Secretary of State Madeleine Albright to 
warn that “time is kind of petering 
out.” 

Before a meeting of Mr. Netanyahu’s 
security cabinet Wednesday, Mrs. Al- 
bright telephoned him to counsel against 
further delay. 

[Foreign Minister David Levy, the 
Israeli negotiator, who had put off his 
trip to Washington, will travel there Sat- 
urday, Reuters reported Thursday.] 

Israel’s Channel Two television re- 
ported that the meeting bad produced 
some broadly worded agreements. But 
the session, convened at Mr. Levy's 
request, fell far short of producing the 
“fundamental clarifications” of posi- 
tion Mr. Levy had sought. 

That lack of progress left it uncertain 
whether the Palestinians would take part 
in the talks. 

Saeb Erekat, a top Palestinian ne- 
gotiator. said they would reserve that 
decision until they had received Amer- 
ican assurances that Mr. Levy had been 
authorized to speak for Israel on the full 


range of issues on the agenda. 


lese include whether Israel should 
agree to a freeze on settlement activity 
and whether it should proceed with fur- 
ther troop withdrawals from the West 
Bank on schedule next month. Israeli 
officials said Mr. Netanyahu and his 
advisers could not reach more than a 
general consensus on either issue. 

By demanding a clarification of the 
government's position. Mr. Levy, who is 
less of a hard-liner than Mr. Netanyahu, 
has forced the prime minister and his 
team to grapple with issues they gen- 
erally prefer to defer, uncovering in- 
ternal divisions that loom as obstacles to 
a broader peace. 

The talks between Mr. Levy and his 
Palestinian counterpart. Mahmoud Ab- 
bas. were arranged a month ago by Mrs. 
Albright. Since the postponement. 
American officials have made no effort 
to disguise their disappointment or their 
view as to which side is at fault. 

“We would like these internal de- 
liberations to conclude,” the State De- 
partment spokesman. James Rubin, said 
this week. "It's frustrating that an in- 
ternal deliberation is holding up the 
Middle East peace process.” 

American officials had hoped that an 


Paul Guth, Defender 
Of French Language 
And Culture, Dies 


riir .\ssik idled Press 

PARIS — Paul Guth, a prize-winning 
author and one of the nation's most 
outspoken defenders of the French lan- 
guage. has died after an extended illness, 
French radio reported Thursday. He was 
87 years old. 

A devoted teacher of French who 
went on to a successful literary career in 
postwar France. Mr. Guth was one of 
France’s most articulate advocates of 
literacy and culture. 

Unlike many French intellectuals of 
his generation, he saw himself as “na- 
ive.” and wrote many books on the 
subject, contrasting the naifs innate 
generosity and sincerity to society, 
which he saw as perfidious, cold and 
morally corrupt. 

Mr. Guth become a household name 
in France with his 1980 “Lettre Ouverte 
aux Futupi IHeitres,” a plea on behalf of 
culture, which he saw receding before 
the onslaught of modern technology. 

His best-known works include: 
“Fugues" (1946/. “Memoire d’Un 
Naif/' which earned him the Courteline 
Prize in 1953. “Le Naif Locataire/’ 
which received the Grand Prize of the 
French Academy in 1 956. and “Enfance 
Pour la Vie.” for which he earned the 
Chateaubriand Prize in 1984. 

In 1992. Mr. Guth published a history 
of French literature from the Middle 
Ages to the Belle Epoque. 


Israeli-Palestinian agreement on settle- 
ments and the next phase of Israeli troop 
withdrawals might open the way at last 
to discussions about the final shape and 
status of a future Palestinian entity. 

But Mr. Netanyahu has never made 
clear whether he might embrace a set- 
tlement freeze or further land transfers. 

Mr. Erekat said he told Dennis Ross, 
the American special envoy to the 
Middle East, by telephone Wednesday 
that ‘ ‘the most important thing about the 
Washington talks is not when they will 
convene but what’s on the table.” 

He added, “Process, meetings and 
handshakes have so far been a shield to 
Mr. Netanyahu’s not making de- 
cisions.” 

The television report said Mr. Net- 
anyahu and his ministers had agreed in 
principle that Israel was committed to 
die troop withdrawal scheduled for next 
month but that it should seek a post- 
ponement so that the size and scale of die 
withdrawal could be determined as part 
of the f inal -status talks. 

The report said the Israelis had also 
generally agreed that Israel would not 
accept a total freeze on settlements but 
might agree to a temporary halt on con- 
struction in parts of the West Bank 
where no settlements now exist. 

Mr. Levy, whose refusal to travel to 
Washington as scheduled precipitated 
the internal wrangling, is not dose to Mr. 
Netanyahu and has often complained 
that the prime minister leaves him un- 
informed. He apparently hoped that his 
pressure tactics would leave him with 
authority to make a deal with the Pal- 
estinians drat would not be undercut by 
conservatives in the coalition. 

And while he plainly did not get 



BOO: The French Embrace Hallowen 


Continued from Page 1 


ons,” leaving it strangely vulnerable to 
every last excess of “le marketing” in 
its most aggressive American form? 

Not quite. French newspapers have 
pointedly noted that the origins of Hal- 
loween, or All Hallows Eve, are Euro- 
pean rather than American. It was in 
ancient Britain and Ireland that a pagan 
festival was observed on Oct. 3 1 , the eve 
of the New Year in both Celtic and 
Anglo-Saxon times, and the souls of the 
dead were said to revisit their homes. 

These pagan practices influenced the 
Christian festival of All Hallows Eve. 
and Halloween became associated with 
pranks, demons and the supernatural. 

But it was of course in the United 
States, where immigrants, particularly 
die Irish, introduced the customs, that 
Halloween flourished. The pumpkin was 
introduced as a symbol and the festival 
was firmly linked to children through 
trick-or-treating: children knocking on 
doors to beg for a candy or another 
“treat” 

“Before it became American, this was 
a European festival, so I don't see why wc 
should not celebrate it in France.” said a 
shopper, Claude Thieulin, as he gazed ar 
a selection of Halloween offerings — 
trick-or-treat balloons, jelly beans, 
masks and inflatable pumpkins — at the 
Gaieties Lafayette department store in 
Paris. “It's an extra excuse to have some 
fun, and, believe me. we need that” 

It seems clear that French Halloween 


is merely another sign ohe growing 
power of American cultu in France, 
where fast-food rcslatiran. American 
movies, reversed ba&cba caps and 
American basketball stars av an ever 
larger part in national lile-vtiempis to 
defend French language id culture 
have proved increasingly vncrnMe to 
this onslaught. 

“For us, Halloween is real dis- 
covery, a wonderful marketi. exploit.' ' 
said Laurence Tonkere, a spesu oman 
for Gaieties Lafayette. “I tik it is so 
successful because people r longing 
for an excuse to have a guoumc. It is 
interesting that we have solas many 
articles for adults us for child™.” 

She said the Paris store’ sales of 
Halloween merchandise w worth 
about $2,000 a day. 

Anna Ocampo, aged 1 3, aniPauline 
Coyac, aged 14, were shoppinj'or Hal- 
loween goods Thursday at theialcrics 
Lafayette store. They discoved Hal- 
loween for the first time this -ar and 
have already adorned their hors with 
pumpkins and masks. 

“It’s a festival of the dead, Iiink.” 
said Anna, “but it's a lot of fun. 

Asked if they knew about t-k-or- 
treating, the > children looked »}ank. 
“Trcek-oh-trqeting?” asked Paine. 

But Ms. 
was already 
refinement 

will come 

like door-to-dbor selling, I think, al it’s 
wonderful!” 



hi 


Aura- 


Vd.M' Mb 



Ortl Sqjr*yRtftU«7» 

IN THE WATERS OF THE JORDAN — A Coptic priest baptizing one 
of hundreds of pilgrims near the Israeli border with Jordan on Thursday. 
The army allows entry to the heavily mined area a few days each year. 


MARKETS: Downgrades in Hong Ron, : 


everything he wanted Wednesday, he 
was quoted on television Wednesday 
night as saying the meeting had demon- 
strated at least that Israel was earnest 
about tackling difficult questions. 

But Israeli officials said it would be 
wrong to underestimate the degree to 
which internal politics would complic- 
ate setting a clear negotiating strategy. 


While Mr. Levy apparently wants the 
authority, for instance, to strike an agree- 
ment with the Palestinians that would 
include a settlement freeze. 1 1 members 
of a rightist parliamentary group in the 
coalition visited Mr. Netanyahu this 
week to warn that they would withdraw 
their support from the government if it 
agreed to any halt in settlement activity. 


Continued from Page 1 




lars and then sell them in an effort to 
drive the currency lower. Many have 
deemed the Hong Kong dollar over- 
valued because of the tumbling of cur- ...... . 

rencies across Asia since July, and percentage points Thursday, placing iio 
Moody’s said the regional currency relative insienricanee remarks 


In Hong Kbng, interest rates isc, 
adding to the p cssure local banks fat in 
lending mone . It costs banks here|3 
percent to bon >w money for a week, in 
the prime lend ngxate is 9.75 percen 
The one-we k interbank rate rose b 3 


HOPE: Military Salutes the Admiral of Entertainment’ at Capitol 


Continued from Page 1 


front of troops at least as early as 1941 .) 

“This magnificent soldier in 
greasepaint,” said the retired command- 
ant of the Marines. General Carl Mundy 
Jr., who seemed to swallow hard on his 
words. 

There were evocations of “all those 
brave and scared and lonely kids,” 
stacked like cordwood in far-flung USO 
amphitheaters, laughing at the man with 
the golf club and ski-jump nose. 

Everything about that man seemed 
stark white — white hair, white ears, 
white nostrils, white eyebrows. But he 
wore a rich blue pinstripe suit. And his 
shoes were beautiful- And he fluttered 
pulses when he shuffled in. During the 
ceremony, Dolores, his wife of six de- 
cades, was beside him. 

Some of the Hope children were there. 


too. as well as the next generation. The 
Senate Veterans Affairs Committee 
chairman, Arlen Specter, tossed literate 
paeans, as did his counterpart in the 
House, Bob Stump, Senator Max Cle- 
land, and Senator Strom Thurmond, 
who’s actually six months older than the 
comedian. 

The emcee was the former House 
minority leader. Bob Michel 

The U.S. Army Band had tuned up the 
crowd with patriotic ditties, and melted 
into * ‘Thanks for the Memory.” which, as 
mankind knows, is Hope’s theme song. 

His wife was on one side of him. a 
sergeant-at-arms on the other. 

After Hope was presented with the 
congressional resolution (the first time 
such an honor has been bestowed), he 
rose and cook the hand-held mike. 

He turned toward the crowd and 
waved. 


“I want to thank everybody. I tell ya” 
— the ya was so perfectly Hopian — 
“I've traveled all over the world and 
I’ve never seen a better audience.” His 
voice gained something. He said a few 
words about Dolores. “That’s a pretty 
nice chum, heh?” 

And then he mumbled words about 


being in Philadelphia. 

aid pro herself, gently 


Dolores, an ol 
took the mike, softly touched her bus- 
band ’s aim. In the smoothest and kindest 
voice, she said, “You’re going to tell me 
about Philadelphia later, aren’t you. 
Bob?” 

It was a brilliant recovery. 

At the end, with the mike in his hand, 
he said just four more words. “Thank 
you very much.” The room welled once 
again with emotion, to hear Bob Hope 
tell them once more, thanks for the 
memory. 


crisis was one factor in its decision, 
along with the high level of real estate 
exposure by Hong Kong banks. 

There were these developments else- 
where in Asia: 

• Stocks in South Korea plunged 4.3 
percent on worries that companies will 
be unable to handle their foreign debts 
because of the plunging currency. The 
won plunged to a record low as the 
government asked domestic companies 
to stop hoarding dollars. (Page 13.) 

• As a result of die won's fall, the 
Taiwan dollar, the currency of one of 
Seoul’s main export competitors, hit a 
10-year low Thursday. 

• In Thailand stocks fell 2.64 percent 
as the baht weakened again. 

• Indonesian stocks rose strongly on 
hopes that an agreement with the In- 
ternational Monetary Fund will help to 
curb what investors consider inefficient 


state monopolies and several megapro- 
jects Kuala Lu “ 



Algerians Cross 
Party Lines in 
Election Protest 


The Associated Press 

ALGIERS — Opposition and gov- 
ernment-allied parties, angered by 

what they contend was fraud in local 
elections won by the governing party 
last week, carried out the largest anti- 
government protest Thursday in five 
years. 

An estimated 30,000 people sup- 
porting seven political parties, includ- 
ing two allied to the government, 
posed the biggest challenge yet to 
President Liamine ZerouaTs attempt 
to consolidate his power amid a 
bloody Muslim insurgency. 

“Stop the fraud!” “Cheating 


I Ik AmkijM P*r-i 


Algerians in the streets of Algiers on Thursday to protest the vote. 


thieves!” protesters chanted during 
the peaceful march, which stretched 
for 2.5 kilometers. 

The protesters, watched by the po- 
lice and by soldiers in an army heli- 
copter, also called for Prime Minister 
Ahmed Ouyahia ro resign. 

The presidency announced late 
Thursday that Mr. Zerouai would de- 
liver a speech on national television 
and radio Friday night. 

No incidents were reported in the 
march, the largest protest gathering 
since the regime canceled legislative 
elections in January 1 992 that the fun- 
damentalist Islamic Salvation Front 
was poised to win. The cancellation 
led to the insurgency. 


,umpur can little afford. 

Indonesia is expected to announce de- 
tails Friday of the IMF-led aid package, 
which could be worth more than $20 
billion, to shore up die rupiah and restore 
confidence in Southeast Asia's battered 
markets, officials familiar with the taiirg 
told Bloomberg News in Jakarta. 

The move would make Indonesia the 
second country in the region to be bailed 
out by a Fund-led emergency aid pack- 
age. In August, the lending body and 
several Asian countries agreed to pump 
more than $ 17 billion into Thailand after 


relative insign Icance remarks Wednu- 
day in Washin [ton by Alan Grecnspa, 
the chairman it the Federal Rose re 
Board. His te: imony before Congres 
implied for mi ly that U.S. interest rate 
might not rise r the near future. | 
Mr. Greens/ ji*s comments. listener 
to as keenly in Tong Kong's Exchange- 
Square as on Wall Street just a few' ' 
weeks ago, are ow less meaningful for 
the short-term rovemeni of Hons Kona 
stocks, analystssaid Thursday ~ While 
the Fed tends 6 move rates in incre- 
ments of a quaier or a half of a per- 
centage point, long Kong rates are 
moving by 3 pints. 5 points or even 
more in a sing: day in response to 
speculative attacs on the currency, as . 
well as moves bjlocal depositors to buv * 
foreign currencit. 

The Moody's .-port brought home to 
Hong Kong thepotential cost not so 
much of losing ts Hong Kong dollar’s 
peg to die U.S. doar, but of preserving ii.\ 
high interest ratediat may send propenjgt 
prices here down y 40 percent or more nY' 
the tussle with sycubtors persists into 
next year. There s an increasing col- 
lection of voices Vre — heretical given 
me government's immirment to the peg 
that the cost of saving fixed currency 
so° n approacthe cost of losing if. 
Wedo nor sufcribe to the view that ' 
Hong Kong wotf be in irreversible 
? ls “ w i th ® ut *e crency peg,” Merrill - 
Lynch & Co. said i a report this week. 

I n-i 


Ming Ah«« 

■apse by 


§ 


5 COI ? om y property market 


Entry Rejusedfor 2 U.S. ospectors 

Continued from Page 1 


Arriving for a Security Council meet- 
mg Thursday, BiU Richardson, the chief 
U.S. delegate to the UN, said Iraq’s 
action was “very disturbing and con- 
tinues a pattern of Iraqi obstructionism 
that we’ve tried to point out for some 
time.” 

In Washington, the White House 
warned that it would “carry out the will 
of the international community.” 

There are a range of options that we 
can pursue to ensure compliance by 
Iraq.” said the White House spokesman. 
Mike McCuny. without giving details. 

The Americans had flown from 
Bahrain to Iraq to join the 40-member 
inspection team that is trying to deter- 
mine if Baghdad has complied with UN 
orders to destroy weapons of mass de- 
struction said the UN spokesman, Mr. 
EckharcL But Iraqi officials refused to let 
them off the plane. 

Iraq has given 10 American inspect- 
ors who are already in Baghdad one 
week to leave the country. TTie order 
applies only to Americans working for 
the UN commission formed in 1991 to 
cany our weapons inspections in Iraq. 


Baghdad’s refust i 0 admit the wo 
men signaled that -resident Saddam 

was j; oi baeng down from his a 
expulsion order desie growing inter - 
national pressure. 

iliS i Expulsion ot the * 
< i n,Ie lhe inspection ; 
taief weapons in- 
spector who is Austnin. suspended the 

: 

J" : 'f cd lifts! Nations to 
Dianes in £.1 Arue . r,ca, «connaissance 
nothfa tl p vv " f > r Sipliance.il said 

demand . a .^ 0ul whs “ fa«kl do if its 
deman<L were not met, the ileadliue. 

UNcn^ da , ni S ,s,los frd!engi* to the 
HW a ‘ a l,nw Olrowing rifts in - 

■i&ssiAr-- 

countries m US , hcon i,nKl llK ’ Western 
N vm P ; »rhc to Inq’s in 

orde^ Rn, 11 n ,r > m " abided UN 
Foreign 111 P:lris NThunaty. the 
Rumni,.ih^ 1 !‘ Mr> s P°k<n:in. Jfcques 
^ '.’d Iraqi aiihor- 
diatelv ■. u “ ons,dcr dieir -shion innw- 
G\P.ftthrs;\FPi 





I 











BUSINESS/FINANCE 


FRIDAY, OCTOBER 31, 1997 


PAGE 13 


inuactnre I? L??® Conagi a, one of the world’s largest end most profitable food companies, is a favorite of 
. H* osf consu/ne/s are barely aware of It because it se/ls under such a wide variety of brands. 
REFRIGERjED FOODS 
Products I 

Country fjje chickens and Armour hot dogs. Primarily meats, including Butterball turkeys. 


ftm 


lUi ; 




IS; h., 





r-.fn 


FOOpTUFFS, fee 

Ferrers, flour n 
specify grains a 
ingidients and distribution 



Everythin from Healthy Choice frozen dinners and Hunt’s ketchup and 
tomato sauce to Orville Redenbacher popcorn and Peter Pan peanut butter 


I 

ConAgra: Growing in the Shade 


Cai New CEO Alter Approach That Has Bred Its Quiet Success? 


I By Barnaby J. Feder 

) A/e*' York Times Service 

! EW YORK — Soon after Philip 
Fletcher took over the reins at 
ConAgra Inc. five years ago, he 
the purchasing managers of 
0 divisions together at the ag- 
ss empire’s headquarters m 
Nebraska. 

assignment, he told them, is to 
ut how to cooperate in ordering 
□g materials so that ConAgra. 
a[ buy in bulk. 

Miter several hours, an emissary came 
Mr. Fletcher’s office and told him the, 
pup was deadlocked Steeped in a. 
[porate culture that had long empha- 
sd each subsidiary’* independence 


and responsibility for its own perfor- 
mance, the managers were reluctant to 
surrender their buying authority. 

“I went down and said that this 
sounded like a turf issue, and they could 
settle it or I would Ere every one of them 
so that they couldgo tend the turf around 
their houses,” Mr. Fletcher said. 4 ‘They 
waked out an arrangement that saved 
us $27 million on corrugated boxes in 
die first year.” 

Since then, ConAgra, probably die 
best-performing blue-chip corporation 
most Americans have never heard , of, 
has become, much more enthusiastic 
about its approach to doing business. 
ConAgra units are cooperating not just 
in purchasing but in product-develop- 
ment, distribution and other areas. 


jHiinking Ah e ad /Commentary 


Lapse by EU Creates a Trojan Horse 


By Regina# Dale 

International H\ntdTribune 


Wi 


ETON — As 
is leaders strive to 
\f\£ unify peir continent in 
▼ ▼ the aftrmath of the Cold 
War, a seemingly ninor mistake by 
their predecessors t -0 decades ago has 
come back to haun them. 

That mistake wa to let Greece mro 
the European Com unity without first 


insisting on a rest ution of the long- 
running conflict o ir Cyprus between 
Greece and Turke , a dispute that has 
kept the island dr - led into two hostile 
Greek and Turirii ethnic communi- 
tiles 

Now the Europ m Union, the EC’s 
successor, wants launch its dnve to 
expand into Otral and Eastern 
Europe at a sum it meeting in Lux- 
embourg in Decmber. and the still- 
festering dispute rer Cyprus is .threat- 
ening to throwla spanner in the 

W That worries Lt just Brussels but 
Washington too. the Cyprus problem 

West’s strategic inks with Turkey 
both kev Ameri in pnonnes. 

Mo* EU {EL?? 

since regretted admitting % 

29 gl _T and lot just because of 


Cyprus. Under its late leader, Andreas 
Papandreou, Athens milked tire coffers 
of the Union and contributed virtually 
nothing but a sullen attitude. 

That attitude has improved under the 
current prime minister, Costas Simitis. 
But Greece is still trying hard to thwart 
Turkish efforts to draw closer to the EU 
and eventually join it. 

Instead of being firm with Athens, 
the other EU governments have com- 
pounded their earlier mistake by agree- 
ing, under Greek pressure, to start no- 


But Athens insists that Cyprus most 
join the EU even if the island remains 
divided and says it. will hold up the 
EU's move into Central and Eastern 
Europe if Cyprus is not admitted — a 
move that could in turn, tempt Turkey 
to block the expansion of NATO. 

It is now urgent for the EU to step 
back from this mess and apply some 
common sense. The first obvious con- 
clusion is that h would be folly to 
import the Cyprus problem into the EU 
‘ — a point that, fortunately, some Par- 
liaments in Europe can see, even if 
their governments cannot 

It should also be clear that Greece 
should not be allowed to dictate EU 
policy toward Turkey or Cyprus, es- 
pecially by threats of blackmail. It 
should be equally clear that it is a bad 
idea to push Ankara away from the 


West and inro the arms of ihe turbulent 
Middle East • 

Turkey does not meet the EU "s polit- 
ical and economic criteria for fall 
membership and may not for many 
years. But its ultimate place should be 
within a united Europe^ economic and 
security perimeter, inside both the 
North Atlantic Treaty Organization 
and the EU. 

Turkey’s entry application should 
be treated no differently from that of. 
say, Bulgaria or Slovakia. That means 
that Turkey should be included along- 
side the 10 Central and East European 
candidates plus Cyprus in the proposed 
European standing conference, inten- 
ded to clarify the EU’s ultimate shape 
by grouping all present and future 
members. 

. The entry of Cyprus — meaning that 
two Greek- speaking countries would 
be represented in the EU’s Council of 
Ministers — would be a huge prize for 
Athens. The other EU countries should 
tell Greece firmly that the price of 
Cypriot admission must be prior res- 
olution of the Cyprus problem and 
Greek acceptance of ultimate mem- 
bership far Turkey. 

In exchange. Ankara should press 
the Turkish Cypriots to agree to a set- 
tlement and resolve its other disputes 
with Greece. But the starting point 
must be a much tougher line toward 
Athens. That is the best way the EU can 
rectify its original mistake. 


CURRENCY A INTEREST RATES 


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Seoul Seeks to Lift Its Currency 
By Stopping Dollar Hoarding 


Bloomberg News 

SEOUL — South Korea ordered 
banks and companies Thursday to stop 
hoarding dollars in an effort to pull its 
currency out of a record plunge. 

The move underscored the depth of 
the crisis that South Korea faces in 
trying to prevent a catastrophic weak- 
ening of its currency, the won, which 
has fallen about 13 percent against the 
U.S. dollar this year. 

“We morally persuaded companies 
not to go on a do liar-buying binge,” said 


Lee Eung Baik. an executive in the cen- 
tral bank’s foreign-exchange department. 
“We will actively intervene and make 
every effort to defend the currency.” 

If Seoul bows to market pressure and 
Jets the won weaken further, borrowing 
costs will surge for companies with debt 
in other currencies. Many foreign in- 
vestors may be burned. 

Any suggestion that South Korea will 
prevent people from exchanging won 
for other currencies is bound to unnerve 
stock-market investors. The benchmark 


Volatile Asian Markets 
Worry U.S. and Europe 


But it will fall to Bruce Rohde, 48, a 
lawyer who succeeded Mr. Fletcher as 
chief executive late last month, to figure 
out how much farther toward teamwork 
the company can be pushed without 
compromising a corporate culture that 
has successfully kept ConAgra nimble 
by giving each operation an unusual 
amount trf freedom. 

They are a diverse lot, ranging from 
flour mills and rural distributers of farm 
chemicals to producers of brands such as 
Healthy Choice meals and desserts, Peter 
Pan peanut butter, Orville Redenbacher 
popcorn. Wesson oils and ButterbalL 
Armour and Hebrew National meats. 

If Mr. Rohde stifles them, ConAgra 

See CONAGRA, Page 17 


GempMfryOor Staff Fn*a Otywaiw 

NEW YORK — Stock markets in the 
United Stares and Europe slumped 
Thursday as continued losses in Asian 
markets left investors jittery about the 
possibility of further drops elsewhere. 

The Dow Jones industrial average 
closed down 125.00 points at 7,381-67. 
and key indexes in London, Paris and 
Frankfurt also fell 

The volatile action this week in U.S. 
blue-chip shares this week, combined 
with erratic action in Hong Kong where 
the most recent Asian market turmoil 
began, kept investors on edge. 

The Dow dropped 5 54 points Monday, 
its worst point drop ever, and then re- 
bounded Tuesday with a 337-point gain, 
its biggest one-day point rise in history. 
On Wednesday, tee Dow finished up a 
mere 8 points but swung through a range 
of more than 150 points. 

“We’ve gone up a little too far too fast, 
given the damage that was created,” said 
Tony Dwyer, chief equity strategist at 
Ladeaburg Thahnann & Co. “When you 
have a decline of the magnitude we had, it 
takes time to recover. The result is that 
volatility will be with us for a while, and 
volatility breeds uncertainty.” 

The roller-coaster markets have con- 
founded some of tire most savvy in- 
vestors. Soros Fund Management, the 
vehicle fix' the financier George Soros, 
lost about 52 billion in the global market 
plunge Monday. 

Mr. Soros’s Quantum Fund lost 8.97 
percent between Friday night and Mon- 
day night, according to published fig- 
ures. Thar amounts to about 51 billion for 
the fund, which invests in global stocks, 
bonds, commodities and currencies. The 
average diversified U.S. stock fund lost 
6.44 percent Monday, according to Up- 
per Analytical Services Inc. 


Dresdner Chief 
Breaks Silence 
Over Reports 
Of Disarray 


- By John Schmid 

International Herald Tribune 

FRANKFURT — As Germany’s 
second-largest bank, Dresdner Bank AG 
has seldom sought publicity and has 
often resided quietly in the shadow of its 
larger rival, Deutsche Bank AG, the 
traditional lightning rod for criticism of 
tiie nation's powerful finance industry. 

Id recent weeks, however, the spot- 
light has swung squarchr onto Dresdner 


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light has swung squarely onto Dresdner 
Bank, shining an unwelcome light on an 
investigation by state prosecutors into 
the tax. affairs of both the bank and 
several of its executives. Disclosures 
from the inquiry prompted the recent 
resignations of two board members, in- 
cluding tiie chairman of the bank's su- 
pervisory board. 

The bank’s passive response to tire 
raft of negative headlines has touched 
off at least as much criticism of the bank 
as the tax investigation itself. With sar- 
casm, one of the bank's top executives 
this week described the strategy as 
“stealth” public relations. 

While critics of Juergen Sarrarin, 
Dresdner’s chief executive, fault him 
for falling to respond energetically to 
the headlines, they also argue that be has 
been too passive in selling a vision for 
the bank's future at a critical tune for 
both Dresdner Bank and the global fi- 
nance industry. 

Like other flagships in corporate Ger- 
many, Dresdner has embarked on a rad- 
ical restructuring, one that involves a 
reorganization at home and an ambi- 
tious expansion into new activities in 
global finance. As more operations 
move abroad, the bank's 45,000 em- 
ployees increasingly fear for their jobs, 
a bank executive said. 

“I think people expect important in- 
stitutions, like tiie major banks, to com- 
municate,” said Hans-Peter Wodniok, 
analyst at Credit Lyonnais Securities in 
Frankfurt “The question is whether the 
policy of staying in your bunker is suf- 
ficient for the investment community 
and for the public." 

Mr. Sarrazin finally hit back at his 
critics on Thursday at a press confer- 
ence called to announce a 25.5 percent 
increase in earnings. 

“The news reports in the past monrhs 
partially have presented a distorted view 


Trading volume has dropped off 
sharply in the past two days, further 
evidence that many investors are choos- 
ing to stay on the sidelines. 

“With the low volumes, the market’s 
just drifting away,” said Paul Corbett at 
the London brokerage Panmure Gordon 
& Co. “Everybody’s going to be very 
cautious going into the weekend.” 

The Financial Times-Stock Exchange 
100-share index finished down 1 .43 per- 
cent at 4,80 1 .90, while in Paris, the blue- 
chip CAC-40 index lost 2.79 percent, to 
2,739.47. In Frankfurt, the DAX index 


2,739.47. In Frankfurt, the DAX index 
fell 1.70 percent, to 3,727.40. 

In the United States, the slump was 
broad-based. The Standard & Poor's 
500-share index fell 15.47 points to 
903.69. Declining issues outnumbered 
gaining ones by a 5-to-2 ratio on the 
New Yoric Stock Exchange. 

The Nasdaq composite index, which 
is heavily weighted with high-technol- 
ogy issues, fell 32.35 points to 
1,570.40. 

Computer companies were among 
the biggest losers on concern that earn- 
ings would be hurt by die slowdown in 
Asia and intensifying competition. 

“Technology stocks have always been 
a growth area, and now they’re con- 
tracting,” sard Joseph DeMarco, head 
trader at HSBC Asset Management in 
New York. “Volatility will be extremely 
severe over tiie next couple of weeks.’ ’ 

Morgan Stanley, Dean Witter, Dis- 
cover & Co. released a list Thursday of 
companies that got 20 percent or more 
of their profits from Southeast Asia or 
25 percent from Asia. 

Two analysts at the firm, Peter 
Caneio and Deborah Weinswig, found 
43 U.S. companies that met those cri- 

See STOCKS, Page 14 



Apnwr FtwvoPrr^iC 

Juergen Sarrazin says news reports 
“presented a distorted view.” 

of the situation in our company,” Mr. 
Sarrazin said. 

Dresdner has not lost its ability to 
make decisions. Mr. Sarrazin said. Nor 
have recent controversies driven a 
wedge between board members, he 
said. 

Attempts to split the board over ques- 
tions of policy “only compel us to stand 
closer together,” the executive said. 

Mr. Sarrazin denied reports that he is 
under pressure from within the bank to 
resign ahead of his official retirement 
next May. What matters are financial 
results, Mr. Sarrazin emphasized, point- 
ing to the nine- month operating profit. 

‘ ‘Mute spokesman" is how the news- 
magazine Der Spiegel described Mr. 
Sarrazin, whose official title is 
“spokesman of the management 
board.” 

The silence emanating from the 
bank’s 31-story headquarters in Frank- 
furt has unsettled its employees “as 
never hefore," Der Spiegel reported. 

Such views on his publicity prefer- 
ences are “subjective” and ‘’inappro- 
priate,” Mr. Sarrazin said Thursday. 

Dresdner’s difficulties come as a 
global shakeout in the financial industry 
has thrust it into a higher profile, wheth- 
er it wants artention ornot. And it comes 
at a time when the bank faces a series of 
potentially major decisions. 

A brutal consolidation has begun in 
Germany’s crowded banking sector, with 
Dresdner’s name surfacing repeatedly 
among the various scenarios for mergers. 
On Thursday, Mr. Sarrazin vowed that 
Dresdner would remain independent. 

He also said Gerd Haeusler and Hans- 
georg Hofmann, now management 
board members, would become chair- 
men of the London investment bank 
KJeinwon Benson Group, which 
Dresdner bought in August 1 995. 


KOSPI stock index already has lost 
more than a third of its value in dollar 
terms this year after a stowing economy 
and a spate of bankruptcies saddled 
lenders with bad debts. 

The central bank's order came as the 
won plunged by its 2.25 percent daily 
limit for a third day, to 984,7 to the 
dollar, a rate at which no one offered to 
buy. The currency then recovered to 
964.2 to the dollar after the central bank 
bought won with dollars. 

Thailand, the Philippines and other 
countries across Asia nave let their cur- 
rencies weaken in the hope of reviving 
exports and breathing life into their 
economies. 

A weaker won might help some 
South Korean companies compete on 
world markets, too. But if the daily 
trading band breaks, foreign exchange 
josses will explode at companies such as 
Korea Electnc Power Corp., Yukottg 
Ltd. and Samsung Electronics Co. 

Foreign exchange losses at South 
Korean companies ore already expected 
to total 4.5 trillion won ($4.7 billion) 
this year, given their collective 541 bil- 
lion foreign debt and the 1 3 percent drop 
in the value of the won. 

A foreign exchange trader at Yukong 
Ltd., the country’s biggest oil refinery, 
said the authorities had asked the com- 
pany to slop buying dollars for spec- 
ulative purposes and help stabilize the 
won. Yukong imports about $4 billion 
worth of crude oil each year. 

The Yonhap news agency quoted the 
Bank of Korea as saying that starting 
Friday it would temporarily allow dollar 
purchases only for export-import, travel 
and overseas study purposes. Purchases 
of dollars for saving or holding will be 
banned. 

Mr. Lee said the central bank sup- 
plied $400 million Wednesday to enable 
companies and investors to .settle trade 
transactions. 

Foreign investors sold a record 134 
billion won ($139 million) of stock 
more than they bought Thursday. Be- 
cause settlement takes two days, cus- 
todian banks such as HSBC Bank will 
likely not change the won proceeds into 
dollars until Friday at the earliest. 

Foreign investors have 510 billion ro 
$15 billion invested in South Korean 
stocks. 

South Korea’s foreign exchange re- 
serves totaled $30.43 billion at the end 
of September, equivalent to 2.5 times 
the country’s monthly imports. The In- 
ternational Monetary Fund considers 
three months of imports as a sufficient 
war chest for most countries. 

Those numbers do not include dollars 
borrowed by the central bank for future 
repayment through forward transac- 
tions. 


Boeing Signs 
Chinese Deal 


Ctn*fiHnl fir Our Stiff F*uw Dof\jnhn 

WASHINGTON — In a celebratory 
Commerce Department ceremony, Boe- 
ing signed a $3 billion contract Thurs- 
day to sell China 50 jetliners, the largest 
aviation deal in the Communist coun- 
try's history. 

The order, formally announced Wed- 
nesday by President' Bill Clinton and 
President Jiang Zemin of China after the 
two leaders' summit meeting, includes 
36 of the 737 mid-sized jetliners. The 
Seattle-based aircraft maker will will 
sell China eight 777 jumbo jets, five 757 
jetliners and one 747 jumbo jetliner. 

Boeing apparently gave China a 7 
percent discount off list prices. Large 
buyers typically get discounts, and Boe- 
ing is competing with Europe's Airbus 
Industrie for sales in China. 

The order shows "trade with China 
means a better and more prosperous 
future, not only for Boeing but also for 
our suppliers," Philip Condit. chairman 
and chief executive officer of Boeing, 
said at the ceremony. 

The 777 and 747 jumbo jets use en- 
gines made by General Electric Co.. 
United Technologies Corp.’s Pratt and 
Whitney', and Rolls-Royce PLC. The 
757 uses Pratt and Whitney and Rolls- 
Royce engines. The 737 runs on engines 
made by GE in partnership with 
Snecma. which is controlled by die 
French government. 

Mr. Condit said the planes would be 
delivered within three years, which 
poses a challenge for Boeing. It recently 
shut down production on its 737 jetliner 
and 747 jumbo jet to catch up on a 
backlog of work, and analysts said be- 
fore the signing that the company would 
have a hard time delivering a 737 before 
2000. 

But Mr. Condit brushed aside ques- 
tions about 737 production problems, 
saying that’s “not an issue." 

Delivery of the planes will begin in 
late 1998. accoraing to Boeing’s 
spokesman, Sean Griffin, who added 
that the end date was not known. 

Some of the 777s, which seat 305 to 
440 passengers, will go to Air China, he 
said. Other assignments to various 
Chinese airlines are still to be deter- 
mined. . 

” Wc arc fairly confident that we can 
deliver on time,” Mr. Griffin said. “The 
production challenges are a short-term 
hiccup.” 

Nicholas Heymann, an analyst with 
Prudential Securities, predicted that 
Boeing “will get its production prob- 
lems sorted out over the next three to 
four quarters. ” (Blooiiihcrg. AP) 




' PAGE 14 


INTERNATIONAL HERALD TRIBUNE, FRIDA*, OCTOBER SI, 1997 

THE AMERICAS 




Investor’s America 


m 


. . 







The Dow 


30-Year T-Bond Yield 


8100 


7500 


0900 


f* » cm 


6.00 


Dollar in Deutsche marks h Dollar in Yen 



; ffl 



1£5 M J J A S 0 

? 110 




1997 


.tariff 



Source : Bloomberg, Reuters 


buenucomaJ Herald Tribune 


Very briefly: 


• The Caracas Stock Exchange and the Rio de Janeiro 
stock Exchange said they would change their trading hours, 
effective immediately, to follow more closely the sessions of 
the New York Stock Exchange, in Caracas, trading will begin 
at 10:30 A-M. and finish at 2:30 P.M. In Rio, trading will start 
at 1 1 :30- A.M. and end at 6 P.M. 


e Republic Industries Inc, citing strong performances in its 
auto-rental and waste-management businesses, said third- 


continuing operations rose 189 percent, to 

95 percent. 


>124.4 million, or 28 cents a share. Revenue rose 
to $3.12 billion. 


Job Cuts at Silicon Graphics 

Computer Company Also Will Replace Its Chairman 


CmpUrdbr OacSuff FnmiDupurtes 

MOUNTAIN VIEW, Califor- 
nia — Silicon Graphics Inc., 
which has been struggling to de- 
liver consistent profitability, plans 
to cut from 700 to 1,000 jobs and to 
replace Edward McCracken as 
chairman and chief executive. 

SGI, best-known for its work- 
stations used to create special ef- 
fects for movies, expects to take a 
charge of about $50 million in the 
current quarter, most of which will 
go toward paying for the restruc- 
turing. 


new product lines. But the fourth 
quarter was the first in eight that 
the company had met analysts' ex- 
pectations. 

The company gained renown 
when its computers were used to 
create the special effects movies 
like “Jurassic Park” and 
"Twister.” but it has been hurt by 
the rise of increasingly powerful 
— and cheaper — personal com- 
puters. 


Silicon Graphics said Wednes- 
r.McCracI 


day that Mr. McCracken had agreed 
to step down after die company 
finds a replacement for him, while 
its head of sales, Gary Lauer, 
resigned and was replaced by 
Robert Ewald, executive vice pres- 
ident of the computer systems unit. 

The reorganization is the second 
this- year for Silicon Graphics, 
which bas been hurt by avals’ 
cheaper machines and a series of 
missteps. 

The company said Monday that 
its loss widened, to $55.7 million in 
the quarter to SepL 30 from a loss 
of $21.6 million a year earlier. 

The loss followed a strong 
fourth quarter that included record 
revenues and earnings far exceed- 
ing analysts’ estimates. 

At the time of the quarterly re- 
port, the company said it had suc- 
cessfully made the transition to 


Downgrades Hurt 
Intel and Dell Stock 


Silicon Graphics is. also digest- 
ing its $740 million acquisition of 
the supercomputer maker Cray 
Research. The transaction was 
completed this summer. 

Silicon Graphics shares fell 
$1.50 Thursday to close at 
$14.25. 

The job cuts, which amount to 
about 10 percent of the company's 
work force, are significantly deep- 
er titan most analysts expected. 

Silicon Graphics still hopes to 
accelerate sales of servers, where it 


Bloomberg News 

NEW YORK — Analysts 
downgraded Intel Corp. and one of 
the chipmaker’s major customers, 
Dell Computer Crap., on Thursday 
amid concern that demand for per- 
sonal computers, and the micro- 
processors that power them, was 
weakening. 

Intel shares fell $4.50 to close at 
$75.75, while Dell’s stock was off 
$5 JO at $78. 

At UBS Securities, an analyst 
cut his recommendation on Intel to 
"hold” from “buy," saying sales 
of its flagship Pentium micropro- 
cessor this month had been "some- 
what weak.” An -analyst at BT 
Alex. Brown Inc. downgraded Dell 
to “buy" from “strong buy." 


is a relative latecomer to a market 
dominated by Hewlett-Packard. 
Co., International Business Ma- 
chines Corp. and Sun Microsys- 
tems Inc. 

Silicon Graphics has been 
counting on the high-priced ma- 
chines, which stare and transmit 
date in corporate computer net- 
works, to restore revenue growth 
as prices for its workstations fall 

Microsoft Crap, ’s Windows NT 
operating system has allowed per- 
sonal computer makers such as 
Compaq Computer Con), to in- 
vade the low end of the work- 
station market, stealing market 
share from machines running on 
the older Unix operating system. 

"Silicon Graphics will become 
the Apple Computer of the Unix 
workstation market," said Duane 
Eatberiy, analyst at Banc One In- 
vestment Advisors in Columbus, 
Ohio. (AP, Bloomberg, NYT) 


Nervousness on Stocks f 
Weighs on the Ddlar • 




ft 


Bloomberg News 

NEW YORK — The dollar fell 
against most other major currencies 
Thursday on worries that the U.S. 
stock market was still vulnerable to 
a. downward correction. 

“The only - thing people are fo- 
cused on is, ‘What are the equities 
doing?’ “ said Roger Chapin, man- 
ager of foreign exchange at Banc 
One Corp. in Columbus, Ohio. 
J * We shouldn’t have, that close of a 
correlation, but in the last few days 
that’s all people have been thinking 
and talking about.” - 

The dollar fell to 1.7170 
Deutsche marks in 4 VM. trading 
' from 1.7280 DM on Wednesday. It 
was also at 120.025 yen T down from 
120.720 yen, and 5.7595 French 
francs, off from 5.7901 francs. 

But the U.S. currency rose to 
1.4094 Swiss francs from 1.4080 
francs, and the pound foil to 
$1.6705 from $1.6727. 

U.S. stocks fell as investors fret- 
ted that an economic slowdown in 
Southeast Asia would hurt U.S. 
growth. 

The dollar tracked the stock mar- 
ket this week amid concern that 
global investors selling U.S. assets 
would sell their dollar proceeds. 

■ “As the stock market drifts high- 
er, the dollar drifts higher; as stocks 
sell off, the dollar sells off," said 
Scott Gallopo, chief currency trader 
at Chase Manhattan Bank. 

That prompted traders to shun the 
dollar for currencies of countries 
that were not so vulnerable to eco- 


nomic conditipirin Asia, such as 
Germany and Swzeriand. 

Traders also ought jjarfcs on 
expectations thaGcrtn&iy would 
raise interest rate$pon. - ■ 

Many analyst . expect the 
Bundesbank to its so-called 
repo rate as mucas a percentage 
point by May I9?jwhen the Euro- 
pean Union is r decide which 
countries will joiroe Continent s 
planned economi'and monetary 
union from (he outit ‘ 

_Thc financial iris engulfing 
Southeast Asia an the decline in 
stocks worldwide^at followed 


. 4 

.. t\ 


FOREIGN EdgANGE 


$wer 


global 
lessens 
Reserve 
raise in- 


could result in 
growth, traders sak 
the likelihood the c 
Board poli 
terest rates soon. 

"The Asian crisis | 

pectation of any mov 

by the Fed," said % Praveen, 
global market strategist BEA As- 
sociates. 

“People are exacting the 
Bundesbank will . rail, rates be- 


1>* . , 




tween now and next jjoy. That’s 
sire 


Wish I' h 


w downward preire on the 

_j>Uarr The imerest-ra, differen- 
tials are in favor of Geaany. 

“If people are look* for safe 
havens between the tX. and Ger- 
many. Germany is a shifty better 
safe haven. The South Asian 
crisis will affect the U.Sjotxp than 
it will affect Europe." 


S I ’ 

•ii • - ’ 


• Boston Chicken Inc. said it might become a company- 
owned system by taking over its 14 area franchisees. It also 
said third-quarter earnings fell 36 percent, to$ 11 million, nr 16 
cents a share. Revenue rose 49 percent, to $110.8 million. 


STOCKS: New Asian Convulsions Shake U.S. and European Bourses, With Computer Issues Hitjard 


Continued from Page 13 


1 Morgan Stanley Dean Witter, Discovert Co. and Mellon 


irgan&ta 

Bank Corp,. were given permission by the Brazilian gov- 
ernment to boost their activities in feat country. Morgan 
Stanley will be allowed to increase brokerage activities, and 
Mellon Bank can buy a 40 percent stake in Banco Brascan. 


• WorldCom Inc-, a long-distance telephone earner, reprated 
third-quarter earnings of $106 million, or 12 cents a share, in 
contrast to a loss of $60 millio n a year earlier. Bloomberg: Reuters 


luxation to Fire Up to 15% of Staff 


Bloomberg News 

OAKDALE, Minnesota — Imafion Corp. said Thursday it 
would dismiss up to 1,500 workers, or 15 percent of its staff, 
and take a $200 million charge after warning that fourth- 
quarter profit would fall far short of analysts’ estimates. 

The company, which makes computer floppy disks, backup 
tapes and medical imagers, said fourth-quarter profit from 


imagers, said fourth-quarter profit 
operations would be less than the $3 million posted in the third 


quarter. Third-quarter profit a year ago was $11.8 million. 


teria, 1 8 of which could be described 
as technology companies. Coca- 
Cola also made the list; it closed 
down 1 at 5614. 

- Among the biggest high-tech 
losers. Applied Materials closed 
down 1 2 1/32 at 31 31/32, Motorola 
dropped y/* to 58 3/16, and Data 
General fell 414 to 19. 

“Although the problems in 
Southeast Asia do not translate into 
a serious profir shortfall for Amer- 
ican companies in the aggregate;’’ 
the analysts wrote in a note fined to 
clients. “It is still possible that cer- 
tain specific industries or companies 
that are heavily involved in the area 
could be negatively affected.” 

Even with the declines Thursday, 
many analysts say the market is too 
expensive. Stock prices have “got- 
ten out of whack, "said Betty Taylor; 


a money manager at Investment 
Counselors of Bryn Mawr, a unit of 
Bryn Mawr Trust Co. “We could go 
through a couple years where me 
' returns are mare realistic." 

Some fund managers agreed, say- 
ing that the U.S. market remained 
overpriced William Nasgovitz, 
who runs the Heartland Value Fund 
and the Heartland Small Cap Con- 
trarian Fund is betting against the 
market by selling stocks short. Brian 
Posner, who manages die Warburg 
Pincus Growth 8c. Income Fund, and 
John Bogle Jr., who oversees three 
foods for Numeric Investors LP, ray 
the market looks vulnerable. 

“There’s more risk in the market 
right now than potential reward,” 
said Mr. Nasgovitz, who expects the 
Dow to fall more than 20 percent, to 
5,800 points, by April. 

He said the average investor was 
still too optimistic about the outlook 


for corporate earnings. 

Some of those investors selling 
out of stocks are moving into Treas- 
ury bonds. Hie price of the bench- 
mark 30-year issue was. closed up 


U.S. STOCKS 


the 


pout, at 

yield down to 6.14 
6.21 percent Wednesday. 

"We’re trading tick for tick with 
stocks,” said Patrick Dimick, a bond 
strategist at UBS Securities. "This 
is not going to stop until the equity 
market is on much firmer footing." 

Dwindling concern that the Fed- 
eral Reserve Board will raise in- 
terest rates also raised the allure of 
Treasury securities. Alan Green- 
roan, the chairman of the Federal 
Reserve Board, suggested Wednes- 
day titet the robust UvS. economy 
may slow in coming months. That. 


would curtail the threat of rising 
inflation, which eats into the value 
of bonds’ fixed payments. 

The worldwide stock declines 
“will slow down our economy a 
little bit and keep the Fed at bay," 
said Frank Rachwalski, a manager 
of fixed-income securities at Zurich 
Kemper Investments in Chicago. 
“We have a decent outlook for the 
fixed-incrane markets." 

Some signs of economic cooling 
came Thursday, when the Com- 
merce Department said sales of 
single-family 1 homes slipped 0.2 
percent in September, the second 
straight monthly decline. 

the most actively traded U.S. 
stock was Waste Management, 
which fell 6Vi to 22% a day after 
saying that its chairman and chief 
executive officer, Ronald LeMay, 
and its and chief financial officer, 
John Sanford, had resigned. 


V -_i»' 


American depositary rcriprs of 
Telebras, the Brazilian tbphone 
company, plunged 10 to 94n con- 
cern chat Brazil ’s stock ma$t was 
vulnerable to a speculativiattack. 

The benchmark Bovespa inex fin- 
ished down 9.81 percent Tlrsday. 
at 8,834.75 points. 

- Bur there were some bright iocs in 
equity maricets. Companies serial- 
izmg in energy, retaUmg-amfyugs. A $1 1) S W HK “ 
which generally reported stroneam- “■ 
mgs in recant quarters, rose. 

Some cdnxponies are exceed to 
benditfiom me. Asian crisis, hich 
seen the value of local cumcies 
plunge in Thailand, Indonesia and 
elsewhere. Retailers whobuy-gods 
region are expect! to 




made in 
pay lower 
Gap 
rose 2 14 to 
son gained 






.3J3+' , 

tot 529/16, Nordsom 
. and Daytoa~£jd~ 
jl!4 to 62!4. _ * 

(Bloomberg. IP ) 


AMEX 


U. S. STOCK MARKET DIARY 


INTERNATIONAL FUTURES 


Thursday’s 4 P.M. Close 

The 300 mos} traded stocks of the day, 
up to the dosing on Wall Street. 

The Asscxtstsd Press. 


mm hi* um um or* Indexes 


Most Actives 


Oct 30, 1997 


Mglt Low UM> (tea Qpbri 


High Low Latest <te* Opw 


Dow Janes 


UlUl 7419.24 7MUH 73t1.ll 738137 -126.00 
TIUIB 30*21 3143.19 - 


Standard & Poore 


30*721 3091.65 


Industrials 1089.001061241068*8 105153 


679 JB 66434 67237 
205.77 204.05 705.96 
11237 110.10 UOB5 10731 
93534 91338 919.16 9(069 
89438 874.10 879.45 86231- 


47534 
mm 5SS3J 3914Z 
4S5M 4ML27 449J1 
295.72 29209 292-12 
463.19 4523? 452X7 



NYSE 


Hgh law Lata! Otyc QpM 



Wot 

HWfe 

LOW 

UKt 

can. 

32580 

1M1« 

24H 

65 

*«u 

SR. 


m 

ID 

91 VW 
15U 

« 

+sS 

is 


3116 

1W 


■l«+ 

-fls 

63005 

26Wm' 

9^^r 

■a 

61099 

HZ 

47W 

42*8 

& 

5*»t 

-% 

41 


6SW 

6Jte 

IM 

-19 


Grains 

corn cam 
M00 bu aMmom- cents pcrfawM 


fllP 


-MS 


2WU 

77SVi 

27P» 

-life 201X086 

29016 

285 

289 

•2 105346 

396U 

29044 

2941* 

-216 

30751 

urn 

295 

299 

-111 

31X602 

290 

288 

290 

■1 

3324 

290W 

MB 

250+ 

+» 

24896 

30214 

2<« 

302 

■-W 

303 


ORANGE JUICE (NON) 

1 £300 part. 

Mo* 97 6930 6835 6835 -U.15 4367 

Jon 98 7230 71 JO 72.15 +035 1A608 

Mar 98 7540 7433 75*5 +020 10,986 

Mor 98 7830 7830 7845 +030 2443 

Est. solas (LA. Watfssiries 319S2 
Weds open hri 4)321, up 356 


16-YEAR FRENCH GOV. BONDS tMATlR 

FFsoaOOO-JttsoilOOpcl 

Dec 97 99.12 98JR 98.98 +0X2 112*29 

Mar 98 va« 9838 9844 + 0.42 83M 

EH. iotas: 1401790. 

Open bfcUMN off U82 




» 33S! 1! 


Ail 99 

6t sola nau NWS fatal 64318 
WHfl open H 407.0M, up 542 


GOLD (NCMX) 

tOLrMonf 


Metals 


Nasdaq 



79H 


I 


75H -4M 

Ki p J! f 

132349 3M 3lW 310Jj -100 

99158 34 334* 32M -1H 

95140 43 4M 4M 4 

89665 1311* l»*)2g* -2(6 

SSb M* kK 'IS* 

46OT 45 33 40 -sy» 


SOYBEAN MEAL KMT) 

100 Iom- (Man per tan 
Dec 97 22230 21930 22220 -040 39,358 
Jn98 21930 21&80 2IB.90 -1JB 22,100 
Mar 98 21600 21330 21470 . -1J0 19,997 


*1530 M3JOO 21400 -130 17,452 


21450 71460 21530 -J M 11,4 SO 
Aug 98 21700 21530 21610 -130 2390 

Est sales 16000 WMs sain 16916 
VMd9 open U 11 8372, up 297 


100 few col- dolton pertror ac. 

Urn 97 3)640 +230 1 

Dec 97 31930 31330 31730 +230 118,961 

Fab 98 32030 31530 31830 +230 30381 

Apr 98 32230 319M 32030 +190 7,196 

Jun 98 32430 32130 32230 +330 16860 

Aug 98 31 4S +110 4472 

Ocf98 32680 +330 953 

Dec 98 33130 32830 32890 +330 11347 

Feb 99 33130 +140 4021 

Est sate) 7UU0 West* serial 48388 
Wetfs apan Int 222393, up 4568 


ITALIAN GOVERNMENT BOND (UFFE) 
(TL TfO mWvn -ptMofTXpd 
Doe 97 11U5 11130 11139 -4L16 111386 
Ate 98 11135 11135 11130 -0.16 1454 

EM. solas: 43426 Pnet solas: 51499 
Piw. open bit j 11104 oft 585 


COTTOI 
SUM) 
DOC 97 
Ate 98 
Mov 98 
HA 98 
0398 
EH.S014 
WOCf* 


UBOR 1-MONTH (CMER) 

S3 mlfloo- phot 100 pCL 

N«v 97 908 9436 907 undv 36385 

Dec 97 9425 9420 9423 +002 14983 

Jon 98 9436 9434 9435 +032 4393 

EeL serial 131213 Wtea satea 9.183 

WW* opan tat »924 off 2392 


s :.i 
• t- 


Htflb 

I 


Low Uriut Qtga Olni 


Industnals 

2MCTN) . 

-cants per M. 

n*» 71J9 7235 >037 4733 

7280 73.10 7330 +031 17455 

«30 7405 7415 +035 MB 

75.15 7470 7471 +016 9JQ 

7X40 7655 7530 +030 

NAWKts solas 7384 

W 96^178; up 181 


87J 


■a 

"s 


■ v. 

-4 

1'-. 


NEA7HC Oft (NMER} 

42jno 9d cents par got 

ISH? ! S-® 5 S*-12 +0.93 .ISMbJ 

D«97 |SU5 5420 5936 +138 aim" 

I** 5 »•» 59 Jri +UO 2X747 

W»M P-la 5930 60.11 +0,93 12,445 

V**SS S'S? 5,131 +0^3 47B9 

Apr 98 941. ’5780 5741 +0J3 5373 

. J61 6 5 


5545 5616 +033 3L530 


53609 


-1 

1 % 


AMEX 


SOYBEAN OIL (CBOT) 

60000 bs- cents pvtti 

Dec 97 2635 2600 2533 '4135 54372 

Jon 98 2538 25.11 2534 331 24171 

Atar98 2555 25-38 2535 036 14073 

Mw98 3540 2140 2550 ,4123 9.152. 

Jul98 2540 2535 25J0 ^038 4777 

Aug 98 2550 2530 .2530 4X20 746 

EsL Mries 14000 Weds antes 15908 
Wads apanM 1143MI. io> 775. 


4X05 

4X10 


HI GRADE COPPER (NCMX} 

254)00 Bm+ cants per b. 

Nov 97 9135 9OJ0O 90JS 

Dec97 9100 8940 9095 .... 

Jan 98 91.15 9030 91.15 4X10 

F«Si» 91 JO 9090 91 JO., 4X10 

Mar9B 9230 9050 91JS 4X15 

3pr98 9140 9140 9125 4X10 

May 98 91 JO 91-00 91 JO 020 

Jun 98 91 JO 9140 91 JO 4X05 

JU9B 9140 9090 91.15 4X15" 

Est «*k 8JOO DM) nries 11359 ' 
Wed* open fetf £1780, op 939 . 


4335 

31379 

1,192 

1J33 

M99 

1J09 

3,199 

1,189 

4534 


EURODOLLARS (CMER) 
si HinoopkaflOOpa 
Nov 97 9629 9426 9627 +042 2X2E5 

Doc 97 900 9426 9426 +042 55X100 

Ate 98 9*29 9421 9424 +4L03431380 

Jun 98 9423 9415 9418 +0JM 34HJ45 

S«p98 9417 9448 94.11 +0JH 15*874 

Dec 96 9447 9198 9401 +004 22X319 

Mw99 9445 *193 9329 +044)54909 

Jun 99 9440 9192 9195 +046 13*367 

SepW 9197 9390 9192 +004 101382 

Dec 99 9349 9183 9346 +045 87,887 

Est. aides 581.148 Wed* aatee 670451 
Wetfs opan fed 1794118. OH 40,104 


Atay98 



WM* ope Bit 131,1 14 otf 3382 

UCTTSWET CRUDE RIMER) 


ESL Wetfs iqiu 40448 




MJOObbL-telbnperbU 
20J2 


D*C 97 125 20J2 2122 +4X51 100432 

Jpn 98 LSI 2087 2129 +035 51376 

l-?2 Si? S-? 3 34420 

J-lf StS S' M ^wi 4 

S- 72 2105 1 * 23 u** 

May 98 197 2042 2097 +024 16435 

EA soles AA, wetfs sotaf 1CQJ38 
Vfcd* open* 399408, oa 5435 


T, 

ilk 

a 


4,. 


■457 


SPDR . 
GwHHl 
TuWte 
Ttey VteB 

10447 
10194 

Kortan 


vn hi* 

75319 

4792 6ife 



SOYBEANS (CBOT) 

5400 bu mbriaium- cents per bustwl 
Nor97 m m ms o 3431s 

Jon 98 695 687 6905 -315 64,083 

Wares, m3 <9410 tom o 21106 

MOV 98 706 70Hfe 705 SV 17,122 

JulH 715 706 71110 -6 14208 

Est **» 60800 WKh sales 67380 
Wed* open tension, up 1846 


SILVER (NCMX] 


BRITISH POUND (CMER) 


«■ 


Omm 

Nasdaq 

(•mr. 

ni 

l«9i Aduumxd 

449 

*1 

‘S-SSSSa 
^ SB ■ 

22 New Lows 


.Market Sales 

OoM 

Piw. 

212 

376 

*8 

IS NYSE 
- U» Aim 
*** Nasdaq 
a fnmSSom. 

7 


WHEAT (CBOT) 

40IH be mWnoae- certs per biuM 

pee 97 361W 355 3S9M +1 

«te 98 37514 369(4 37414 +1 26302 

Mm 98 385 377 3B1M +1V4 WJ77 

Ji498 385 37914 38414 +714 14272 

Est sotee 1&000 WMM sates 10300 
Wats open M 1(0834 ofl 1 04 


No* 97 41420 +730 

Dee 97 48920 47450 48620 +720 

Jon 98 488J» 48450 487.90 +720 

War 98 49420 48450 49220 +720 

MerfB 4AL5B 4WUW 495.10 +7 JO 

JU98 497 JO *9100 477.90 +7J0 

Sep 98 50120 S00J0 50020 +720 

Doc 98 50550 50420 50450 +720 

EsL sates 25000 Mtef sates 17245 
Utei open M 96218. ep 1371 


1 

61220 
. 36 

19308 
4740 
2.795 
641 
2357 


6l5« pounds, S per pound 
Dec 97 13728 UM124 


13640 ■QJD03B 49315 

Marw 13580 13540 13580 4X0038 355 

Jun 98 138144X0038 71 

Ete. stes 4279 Wedte sales 10,150 
Wan epea tet 49JB41. ad 1173 


iWnr 

4*6 

708.18 


90825 

46.16 

90060 


Livestock 

CATTLE (CMER) 

4XDQ0 bs, cants parte. - 
Doc 97 6725 6637 6722. +037 39314 

Feb 98 6830 6725 6825 +030 24214 

Apf5» 724)7 71-52 724C +02) 1«67 

Jun 98 6920 69.15^6937 +03? 10861 

J9B -6935 69 JO 5925 +020 1571 

198 7220 7125 71.93 +037 1,164 

Est. safe* 11374 Wars sates 20.158 
Wan open tat 91S92. up 2310 


PLATINUM (NMER) 
n Boy az.- dates per ba» at 
Jon 98 40830 +&4» 4SOX +2 30 
Apr 98 403 JO 401-00 3SL30 +2.60 
Est antes NJL WeAsotes ZJS6 
Wed-sopanH 11357, up 111 


CANADIAN DOLLAR (CMER) ■ 

100200 dote* S per CUn. Or 

-S 52 -2 01 >7115 ■O2037 67,996 

Mar 98 TIU J132 JM84X003B U08 

Jun 98 J7190 2T60 2172-02038 628 

Est. sates ItXOSt Waffs sotesl 0.1 53 

Wadri open pit 7225), off92 


NATURAL3AS (NMER) 

UXOPIlinailya. S par nenblu-l .. - +j 
Dec 97 389 3J25 3JH»4io3» «lk»7 

Jun 98 390 12S0 1630 +0280 32381 

?S mbo*SSw.S5 

Mar 98 26a isaa 1340+Q26S 1&577 

{gr« 

May 98 US . 2200 2240 undv 
gAariesfCwafs sates 121303 
Wam open s 337327.08 15301 




UmfADEtBAfOUNE (NMElb 


7JM36 

1J63 




London metals omei 
Dodos par maMe Ion 
— i(HJgtea«w 

16QR00 160920 159620 
163420 163520 162220 


Previous 


GERMAN MARK COMER) 

mooo mans. « par mail 

2*2 -25 -25? "5827+1X0030 61885 

-5S -S2 -^y<X0030 1M8 

Jen 98 -5800 3880 3879+0X030 2355 

Etejoies 34914 Wtes sates 29304 
Wars opan H 6U14 off 927 


Nov 97 
Doe 97 
Jan 98 
Fab 98 61 

Ate9B 6 

! 

J™ 1 98 g 

EJXsolo* NjAteft sates 31869 
Wfda opan tevan off 545 


a-; +<xa 1X105 

99^5 6035 +1.05 32319 
59J5 60 55 +1.07 UL273 
«« +1.17 7,961 

. dtt7J 61 JO +1.07 4233 

6770 +0.97 4715 

6330 +0.92 
6220 +027 



x - \ 


•11 a. 


xsa 


(HU Gates) 

» t5 


Par Ant Roc Pay Crihqmny 


IRREGULAR 

Indonesian sat b 2162 11-12 12-24 

Nth EaropeO(l + M 11-14 11-26 

TaledoEdii^plA -337511-14 12-1 

TotedaEdauf B .376911-14 12-1 


BaldiemCoip 


Par Amt Rec Pay. 
YEAREND 

- 25 17-26 1-16 

REGULAR 


INCREASED 

Bk Q 38 12-1 1-1 

... O J05 11-4 11-17 

LSI llKbst O 2625 11-10 11-18 

Kanins Truck O 255 IM5 12-T5 

Sara Lee O 33 12-1 1-2 


Affiance WldDtlr 
Bacon Prop 
Chevron Corp 
CuOen Freer 
CWeondEIL 
CaasdEdNY, 
OandnauezSteS 
FedlSawr 
FletchOBDo 

GndngeLWW, 
McGraw-HB/Inc 
OshawaGrpAa 
Penn Engineering 
PrariderfFln 
Piydhemeifla 
SeeurCop Alkmfle 
TremrittGro 

silSSSP"™ 1 '* 

iJnitrinlnc 
UnhrMfg 


M .1275 11-7 11-41 
O ^8 11-7 11-21 
0 .581140 12-10 
Q 35 11-28 12-15 
175 12-12 1-1 
325 11-19 12-15 
JOS 12-1 12-IS 
.10 12-5 1-5 

.15 11-28 12-15 
7711-11 12-1 
74 22-25 12-10 
.14 11-15 12-10 
.11 12-1 12-15 
70 11-7- 11-21 
.15 12-20 17-19 
7911-11 11-25 

74 12-15. 1241 
74511*10 11-24 

-6011*1! 11-25 

75 11-5 11-20 


FEEDER CATTLE (CMER) ■ 

58000 8bl- ante parte. 

Nor 97 7732 7635 7747 +045 

JonM 7825 7775 7170 +075 

Mo-98 78.15 7772 78.10 +037 

Apr« 7835-7735 783? +0J2 

MOV 98 79 JS 7830 7935 +4X55 

AugW B1J30 DOTS 8130 +030 

Est. sales 3772 wem sons 3.183 
WetTs opn tar 177HX op 343 



159730 

162000 


98900 281800 
199000 202700 


» 900 
202800 


6naq n 


MPAHIM YEN (CMER) 

Marw 0500 0440 o SrSSS'ijm 
. 8 5 8 4+0.1X02 230 

®Jte 16076 Wem sates 2&H7 
IMP opan tel 104,16a afn39i 


gasoil apfl6 


U3. dolkn pnteric Ian - Ms al 100 L. 

)|UC79J5 ratoo +ua nnf 


610000 611000 622SOO 
<19000 620000 631500 


623500 

MWM 


sueton 745500 550000 
547000 547500 551500 

wntecnw 

123708 123800 125000 
1157.00 125800 177000 


551000 

552000 


125100 

1271.00 


SWHS FRANC (CMBft) 

igmftGn.Bpwftnc 

-SH -S! 5 -7176+0002 47082 

Mar9B J275 J21S J341-+00055 2331 

JU"» .7305+00055 264 

WWV SOIM26011 
opan fed 58191 op 7B0 


NorW h — „ rtlI 

Doe 97 18Z2IB0J5 183.00 +9J4 sj.m 

MM 1S W rl0 ° H252 

AprtB J76JIW6.75 lfSw +1.M 

May98 l7i]!|Mjs 17530 +130 1332 

Pro*. mha: 19353 
Piw.epentet.:3»up477 


MEXICAN PESO (CMERI 


BRERTOlLni) 

nd S n "+fSM!A; lB, SS l W* Mufili 

w>3 19.78 28.10 +036 6002 
3X211984 20.13 +0,42 47,715 


KOGS-LMB (CMER) ■ 

40000 lbs* anb per Kl 
D ee 97 6205 61 JO 6202 +1.17 

Fab 98 6277 61J5 6272 +107 

Apr 98 5970 58.95 5937 +4X90 
Jun 98 6655 64.15 6452 +055 
Jut 98 6540 64J0 65J» +07S 

Ed. sates S£d Wan sates 43TO 
MM» nw fad 370172. off 258 


High _ Lor» Oosa Cbga . OpM 


19009 


US T BUIS «^ andiri 


4024 

2024 

911 


ndffioa- ids o( lu^d. 


PORK BELLIES (CMER) 

40000 teL. CMOS parte. • 

Febjfl 66J0 OAO 653? +137 MBA 

Mor9B 6570 «335 6535 +137 -958 

MOV 90 6&M 6480 65J0 +1J5- 282 

Ed. sates 2487 Wteh sates 2*47 . 

Weds open WZ44& off Ml 


Dee ?7 95.18 9550 95.11 +0J2 

95JB «J1 9SJ! +401 

JunW 9536 9S.16 95.14 +0,03 

Sap 98 95.09 9499 95.10 +003 

Mxft open lot 1U07, op 823 


5336 

4361 

481 

32 


INITIAL 

OUeboyNortonn - 70 12-2 13-19 


nr«*«d; b-iwnaioMM amont par 
s toatf ADR; frpayabte in Cawtetetetolte 
raHneaMB q-mwterty; sses U mraw^. 


5 YR TREASURY (CBOT) 

erfc. «te a «ob or jajpcf 
D*c97 10847 108.12 108-53 +16 332765 
AteW -J4 onds, 

Est. arid B7JQ4 Won sola 89336 
Wed»apsBW22Maa apSTW 


-33JSS -' 1910 .11576.31099 1408+ 

j«im jiwo :io4« ;lra!:S 5 lfS 
rrERUNG <uffo 

mSw ^ 9M1 nun 

nm +AJB 1)2226 

AteW 92J0 9XU 9236 +4X01 7U76 

JjjjJ 9X75 9168 9173 +0 jQ5 6732$ 

§39 WaS +fljM aM1 

hSfS M?? S'? **-*S +4X04 50813 

9111 9105 9108 +0JJ4 41,160 

«>1 k M.9W 

Pm. open Mj 651206 up 19a 


Jon 98 
Fab 98 
Mar 98 
Aw 98 
■ May 91 


*■1519.78 

IMS 1936 
1978 (939* 
1937 943 


■»»#« 

20-04 +0JI 11147 
19.98 +0.36 -6486 
19.77 +ft3S 547) 
— \9M +0-34 5,153 

S.’SSIfflSUlSi 1 "* ■ 


stock Tables Explained 

w^ttLVtartrtttaandloRBiBtad (he pmfoua 53 weeks pluslhe ament 

tebewpcfet gte leant Irigt-turm nae and (MdendarostninitoritM nowstodsaaly. Untess 
w UMdwiL e- BqiMofing 


Food 

COCOA CNCS© 

10 metric txa- S pm- ton- - 

Dec 97 1615 1580 1587 . 

Mar 98 1641 1618 1635 

May 98 1668 1642 1664 

JUt 98 1685 1662 1665 

Sep 98 1703 1689 1685 

Dec 98 1203 1702 1103 

EfL ulas 8.911 Waifs sote»7770 
Weih open lid 10A6U eH 46 


-16 33,117 
-14 .29JH3 
-14 1X587 
•14 1947 
-U 6806 
-14 U08 


l?JSl HEWuRT W wn 7 

SUXLOOO pan- ph & 32nte id 100 pd 
DacW JH-30 111.13 11THZ2 +13 30009 
«or98 111-17 111-06 111-13 + IS K491 
111-W +13 102 

E*XKtf4g 17X007 Wetfi rates 1J7J23 
Wtes aptei tel 39830X eR 342 


WBfSHSB!*- 

{&£ 2““ 96 * 31 9441 +i 


5 •**£«» “wag 12 irwirns. f - 'oroiuai rate^S^jTtei 

de^ra^O-gyderldte C w^te td AM^el fa l^nanvKfcfeng. fa, t . 

lt ! fa r eor - detHTed, o r no 

' dMtten i_i5 tacd « POW mis year, on 
naamiriaftw SsweronaMderabln e^rxm -qmutf rate, reduced an test dednrunan. 
n - new sure la trie past St weeks. The tiigtMcw range begins arini tie dm* m 
ltd - imd day detttwry. p - inffi oljhri dend. aoniwhate unknown. P/E - price-eamansraflo! 

O-ctnsed-endmunMltuixLr-diridendilBdaradorpaldlnaiecerfiiigixmMrin&DlM^dc 

dMdMdL s - stock spffl. DMdend begins witn dnte rt bcOX RttteSSto 

stock in teea&mg 12 months, estonaled cash wiue on^iri 

B-hewiwriyWgh.e-trafllnghnltod.sl-ln banknipleyoriteSwStawbteSoSraSS^ 

undertbBBanknipMyAttorMairftiesotoumed 

wl - when tau*V ww- with wamsnte. x - w-tfiviend w 

xw.wHhButwaiwkris.y- ex-dhridend ond sal«ini^yw-^l3d! 5 


COFFEE CfHOQ 
37 JOT tel.- cents oerttL ■ 

Dec 97 151JD0 14*00 148.15 -235 11,194 
Mar $8 141 JB 13X50 I38J5 -MS MOT 
Mqi 98 13700 13150 13150 -MB 4790 
Jut 98 13X00 132.75 133.75 JUS 1,916 

Sep 98 13075 12950 129.75 +4X25 920 

Sit Ida S0S9 Wwfkfatef 4tfl9 
Wedt open M2&771. off 119 


US lTlEMURY BONDS (CBOTl 
(BpMlOxaOBpls A Steels at 1M pdl 
2K2 II? -31 ,1MS +W *17354 

Mar» 115417 117-17 117-28 *19 7X570 

as 

■asjBswar* - _ 


H S SS » 

iS-W a+S SH? ♦O- 03 wo 

%?£! W»9 9A01 +0.04 335271 

i™"* W81 K76 9179 +4A6 3811d4 

g|P_S S*! WLM 9S-S9 +0A4 194AQ 

saw S«* * aOB1 7LSi4 

K? ” “ S 53 SS'SJS 


MlM: 24A579, Ptee. tees; 220,935. 
Pro*. Open Ipt; 1314J09 off XM 


WCOMMHlSySg? 1 ** 

SQOxMn 

938J0 900 9JI50 -1230 
J"" . «64J» unch. 

assKassff*.. 

MW 1* (UFFE) 

TOP® Index Ddm . 

JMe97 4775.0 4ft Q 47900 —MO 

Wortfl -**77.0 480 48290 -to? 

Piw. Dpen bit- 7At ‘off, .1.999 

CAC46 (MAT1F) ‘ 

FF200 per index polrt 
OctW 27700 26»' 2730JJ 
S°*S S^ 3,0 **[27374 



1J8I 


“I 




run 


LONG GILT (UFFE) 


850000- DHA SSndfeeflOOlKf 

118-28 1184)9 118-18 +0-10 1 65963 


SUGAKWORLD 11 (NC5Q 


lUODOfaL-eeate irate- 
'' ilffl 


Morn 1Z30 12A3 12J0.+0JD 94JB4 

Mar 98 12.19 11.96 12.18 +1X23. 27J40 

M9B 12JM 11J3 IUI +0.16 19,199 

OettO 11.90 1IJ4 11.90 +0.19 21,198 

EiL safes a?B8 Wad* sotee 44JW 
Wade open M 16A023, up A 1 72 


Dee 97 — ■■ — . 

Mor.9B 119-01 118-12 118-24 +0-17 32,984 
EsL dries: 89349. Pnw.scriK 77J4J 
Pie*, open Inti 19A847 off &65S 

GERMAN GOV. BUND (UFFE) 

DM2£ ; :JW • pts of TOOpd 
Dee 97 10281 >0!37 10258 +029 26M28 
MOT 98 101.98 10)83 1018S +0J0 10869 
Est sate- 193854. Ptuw. sates.- 180002 
. P«r. open tot: 280097 eft ia» 




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m^Boa-pteonoOpd 

“«* 

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Seo« * 9m S11M 

DM* IH5 +0 '“ 1MM 

Opw»W„- 2M669 up 2327 

ErgMBr* 

SS SS Si 

nS. » SS JJ-98 94.98 —081 64564 

£ « » « 

rwri 3a>n ' 46 ' 1?0 

mr.epanM- 488.95+ off on 


wrww r w «rWU aCfU ITAjn 

*$*£ E 744 ' 8 ra jMM. 

•bmffl 77150 SJli gJST 
6N«tej:81.7S8. . 

*1X1 100549 up if. ' 


'150 


21577 

34154 

rrjok 
44311- • 
1535 








Gommoc^brictaX'its 



Moody's 
Reuters 
G-l-Futoicf 
CRB 


iHV «• . 

Arts and AUqius . 

wn Sunday -- 


i 




. : h* 






"'i s. 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, OCTOBER 31, 1997 


PAGE 15 


EUROPE 


ni ^ l)d^ Asia Crisis Gi 


4 ! ™ 5W wisis drives Euro Policies a Test Run 

EC’s Monetary Commissioner Sees Stable Road Ahead for Single Currency 


' ll 


By Barry James 

l/uerntaiona! Herald Tribune 


.BRUSSELS — Europe's prepa- 
rawmsftf a single currency had the 

added benefit of smoothing the back- 

Jash from the financial tunnoil rock- 
ing Southeast Asia, according to the 


interest rates, and analysis have said 
the current world stock market cor- 
rection is unlikel y to have a .sig- 
nificant impact oa European growth 
prospects. Mr. de Silguy said the 
European Commission’s upward re- 
vision of its economic forecasts for 
this year and next “shows that efforts 


. V . _ 



— — f ~ M ““" 1UUB UltUUT] 

economic and financial affairs. 

Yves-Thibauk de Silguy that 
in contrast with the December 1994 
financial crisis in Mexico, which had 
a rapid effect on Europe, the stock- 
market crisis that began in Hong 
Kong and tippled around the world 
has had little effect on Europe’s main 
economic indicators. 

Even before the scheduled ad- 
*?> option of Europe’s single currency, 
■l the euro, 14 months from now, the 
European economy is “better pro* 
tected against international ex- 
change movements," which is proof 
diat monetary union will provide 
“stability in the international mon- 
etary and financial system,” Mr. de 
Silguy said in an interview. 

ttral banks have held firm on 



more growth and more possibilities 
to reduce unemployment, and it 
shows that the markets have inte- 
grated die euro.” 


despite efforts to reduce public 
icits to meet the single-currency cri- 
teria, Mr. de Silguy said. “We are 
feeling the effects of the euro even 
before it is has been formally in- 
troduced,” he said. 

He said this had enabled those who 
had worked to put the euro in place 
“to transform an act of faith into an 
of confidence.” Uncertainty 


act 


about die ability of several countries 
to meet the single-currency criteria 
has given way to a virtual assurance 


that monetary muon will begin on 
time. Jan. 1, 1999, with a broad group 
of as much as 11 countries. 

T -ending credibility to the mon- 
etary system, governments have 

said they will announce the rates at 
which their currencies will convert 
to die euro as soon as member coun- 
tries are selected in May. Mean- 
while, central banks recently moved 
smoothly to align exchange rates in 
the kind of action that will become 
routine Mice the euro is introduced. 

He added that markets would de- 
dde whether the euro would became 
a reserve c urre ncy like die dollar. 

“You cannot impose a cur- 
rency/’ he said. “But I think this 
will be a good currency, a stable 
currency. It will be strong and in 
demand and will be included in na- 
tional reserves. Since 1980, the pro- 
portion of die dollar in world re- 
serves has fallen and die share of die 
European currencies has increased, 
so the enro will continue a move- 
ment that is already there.' 


fust wave of countries joining die 
euro, and Greece is unlikely to meet 
the criteria for membership. But al- 
though they will be excluded from a 
proposed council of enro members. 
Mr., de Silguy said, “exactly the 
same rules will apply to the first and 
subsequent waves. ’ ’ 

In any event, he said, Britain 
played an active role in die planning 
and preparation for the euro and will 
hold the presidency of the EU in the 
first halt of next year, a period of 
crucial tkxnsioiKtnaking for the cur- 
rency, including die selection of new 
members. 

He added: "Once the euro has 
been launched, 1 think there win ef- 
fectively be more advantages in than 
out The euro zone will have a char- 
acter of attraction, of encourage- 
ment, of development, and those out- 
side will benefit less/’ although they 
too will reap the benefits of financial 
and economic stability in Europe. 

The euro “will lead to greater 
integration,” he stud. “It will give 
more growth and confidence to 
Europe, and it will give Europeans, 



(Xrtkr UinfeW Frtnrr Piw 

Yves-Thibault de Silguy. 


once they have the same banknotes 
in their wallets, the sentiment that 
they have a common existence. The 
concept of Europe will therefore be- 
come more concrete. Europe will 
have a more coherent economic 
policy. It will not be a federation, 
since the member states will keep 
responsibility for economic policy, 
but tbeir individual margin for action 
will be restricted considerably.” 


Investor’s Europe 


Frankfurt 

OAX 


London ■ 
FTSE.TQ0 Index 


Paris 

CAC40 


4500 

55® 

3250 

4300 ]\ K 

5250 * 

31® 

4100 f Wl 

m km \ 

2950 

39® j *][ j 


28® 

37® jT J 

4500/ ^ 

m 

35W Cl J J ASO 

J J A S 0 : 

25® 


1887 


1997 


M JJ ASO 
1097 


Exchange" . ' 

Amsterdam 

we;'-.:" 

AEX : 

Thiursdey 

Gtose 

*5542. 

Prev. % ' 

Cha$e Change 

870.40. -2-73 

Brmswte 

BEL-20 

2^88.15 

£312.75 

-1 JOZ 

FrttiWeit ■ 

QAX .. ■ 

3.727A0 

3.79L81 

«t.7D 

Copottugoi) 

Stock Market 

iiue 

82 a® 

-1.97 

HaMtikS 

htexoarawa 

3*«0.83 

3,562^6 

-4^3 

Oslo ; • 

QBX 

mM 

m« 

■Z3B 

Uondon 

FT^IOQ: 

4,801-90 

4.871.80 

-1.43 

ifedrict 

StoticBedange 

5 w.«r 

562-14 

+0.68 

mm 

.iSfiBTa. ; 

14TO5 

1 S 043 

-225 

Parte . 

CAC40 

2,739-47 

2,818.00 

*2.79 

StocMtehn 

SX18 

3,121*0 

3^28u97 

-029 

VtehfW 

ATX ' 

. 1.26&10 

XJ3Q4J2& 

-2.77 

Zurich 

spi 

3^418.43 

3,48021 

-1.78 

Source: Te/ekurs 


ImnraiKXul IkreU rnNac 

Very briefly: 


I. tl 






British Telecom Posts Loss 


Omgpikdb, Ow Staff FnemDupaKtes 
LONDON — British Telecom- 
munications PLC said Thursday 
that one-time charges were re- 
sponsible for a second-quarter 
loss and that it would not consider 
withdrawing from the battle over 
MCI Communications Corp. of 
the United States. 

“Withdrawal in our view is not 
the right decision at this time/* 
British Telecom's chief execu- 
tive, Sir Peter Bonfield, said. 
“The market in the U.S. is in a 
significant state of change and we 
want to be a part of it” 

BT, which owns 20 percent of 
MCI, bid for the rest of the 
second-largest American long- 
distance earner last November. 


Since then, it has been trumped by 
two countexbids. one from World- 
Com Inc., and (me from GTE 
Corp. 


BT reported a loss of £32 mil- 
553. 4 miilic 


lion-f $53.4 million) for tile second 
quarter, in contrast to earnings of 
£461 million a year earlier. The 
main reason for the loss was a 
£510 million one-time tax, levied 
by the British governme n t as part 
of a drive to recoup alleged “ex- 
cess profits” from previously 
state-owned utilities that were 
sold to the public. 

BT's charges also included a 
£63 million share of reorganiz- 
ation costs at MCL 

BT shares fell 4 pence in Lon- 
don to close at 457. 


Siemens Names Buyers for SI Unit 


• Axa-UAP SA announced a first-half profit of 42 billion 
French francs ($728 million), higher than expected, because of 
strength in hs U.S. insurance and financial services. It ia as the 


first time the company had^posted results since it was created 


Cre&kMtryO^Si&FmmBhpcjchn 

FRANKFURT — Siemens AG 
said Thursday that it would sell its SI 
defense electronics business to a 
consortium made up of Daimler- 
Benz Aerospace AG and British 
i PLC, tiie latest in a string 


Aerospace] 
of disposals at the German elec- 
tronics giant. 

Siemens did not indicate the total 
sale price for the unit, but sources 
close to the deal said the company 
would take in around 12 billion 
Deutsche marks ($689 million) 
from the divestment 

British Aerospace said it would 
pay £3 19 million ($53 1.6 million) for 
its part of the Siemens business, but 
Daimler-Benz Aerospace refused to 


comment on what it was paying. 

The sale is a farther step in the 
consolidation of Europe's defense 
industry, which has been struggling 
amid rising competition since the 
end of the Cold War. Similar pres- 
sures have led to a wave of con- 
solidations in tiie United States over 
the past two years, including the ac- 
quisition by Boeing Co. of McDon- 
nell-Douglas Corp. in August, that 
have reshaped the industry. 

German labor groups had urged 
Siemens, which turned down a bid 
from state-owned Thomson-CSF of 
France, to sell SI to the Gennan- 
British consortium. 

A Daimler-Benz Aerospace 
spokesman said the company and 


British Aerospace would divide the 
operations later, with the German 
company taking over SI activities 
located in Munich-Unterschieis- 
sheim. British Aerospace is to get tbe 
units Siemens Plessey Systems Ltd. 
of Britain and Siemens Plessey Elec- 
tronic Systems Pty. of Australia. 

“We see this new organization as 
a very attractive international part- 
ner for tbe future consolidation of 
the industry internationally/ * a Brit- 
ish Aerospace spokesman said. 

Though the defense electronics 
unit had a profit of 63 million DM 
last year, Siemens said it was not big 
enough to compete in Europe's re- 
structured defense industry. 

(Reuters. Bloomberg, AFP ) 


Ian. 1 by Axa's purchase of Union des Assurances de Paris. 

1 Nokia Oy, a Finnish telecommunications equipment maker. 


said third -quarter profit more than doubled, to 1.84 billion 
markkas ($353 million), as demand for its networks and other 


operations surged. 


• Pharmacia & Upjohn Inc-'s third -quarter earnings slid 20 
percent, to $184 million, depressed by exchange-rate fluc- 


tuations and tough competition. The Swedish-U.S. drugs 
lid it would tak 


company also said it would take a charge of $450 million in the 
second half to stem the decline. 


*, said 


•The Bundesbank’s chief economist, Otmar tssrng, : 
price pressures were limited throughout the European Union 
and that the German central bank would look at currency 
markets and the whole market environment before making 
another move on interest rates. 


Group PLC’s third-quarter pretax profit climbed 4 
to £139 million ($231 million), helped by strong 


•Rank 
percent, 

business at British cinemas, its gaming businesses and U.S. 
videO-COpying operations. AFP. Blvumhetfi. Rcutert 


'zvsri-.-' 

.’ . *•’ ' 


WORLD STOCK MARKETS 


High law Ctora Prev. 


Hfeh In Ckw Prat. 


Hi* Low Os* Prat. 


High Low Close Pm. 




Thursday, Oct. 30 

Prices In torn! currencies. 

TcMans 


" ‘ ,J -.- r - ■ r 

I?-: 

. S 


Amsterdam A Examc rag 

PMVIOOt: 



High 

Low 

Qosc 

Pre*. 

Metro 

76 

7020 

75 

71 

Mooch RueciR 

506 

496 

5BS 

49A 


457 45020 4070 

464 

rwe 

» 

7430 

7540 

7520 

SAP pH 

493 

478 

479 48760 

Severing 

165 15X50 

163 16X10 

SGLQrbaa 

2JD 

20 

20 

258 


GoJbunSdw 4* 

Carton Comm £95 

Cental Union 880 

Cotuxb* Gp i U7 

CooSnjWs jjc 

Dton* ■ £97 

Berircwfflponad* 4.42 
EMI Group £98 


h mu 


ABN- AMRO 
Aegon 
AtoJd 
Akra Nobel 
Boon Co. 

Bob Wets era 

CSMcw 

DortbchtPd 

D5M 

Eterier 

ForibAmw 

Grtrcnlc* 

G- Brae WO 

iSHT 


* -'is* - 






*- ... i 


v- " 


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107-05 1 05JS 10X00 108 

1460 1460 1460 1455 

•70 848 860 B58 

385 JO • 37? 382 893 

95 94.15 9X60 94J0 

620 562 £30 575 

810 
\m 


EnferariraOl £74 
FonCetaiiol U2 


aaSJ 795 79X50 
■ 1039102X50 1029- 


HEX ftra m 4 1 



■ PrataB 356236 

OSD 

49 

49 

52 

J1S 

210 

211 

217 

55 

53 

55 

56 

73 

70 

72 

7150 

3£ » 

2450 

24J0 

2550 

14X50 

130 

139 

142 

4650 

44 

45 

46 

132 

12i 

132 131 JO 

470 

426 

441 

477 

TfS 

184 

IW 

191 

7950 

75 

76 

00 

134 

115 

116 12X10 

V 

82 

8150 

>7 


Hsfb 


Hong Kong 


Bangkok 


SESEbSc 

SfcraQjm B* F 
Te 


TMAkwm 

/Far® Sir I 


7t»J Fane 8*7= 
UtdCoan 



SET Mb: 


RHiStae 

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208 

216 

143 

138 

140 

'w 

ns 

I£SQ 

362 

382 

3JO 

374 

83 

78 

78 

2025 

1X50 

1350 

47 

42 

42 

1U 

HM 


73 

<750 

73 


75 


Markets Closed 


HuMfco?Wi 

iss 

NawMxfdDW 
OtoiWPiM 
Peal Oriental 


The stock markets in Bom- 
bay, Kuala Lumpur and 
Singapore were closed Thurs- 
day for a holiday. 


SbnUxodGo.. 

Stic 


..iCWnoPosi 
SvbsPocA 
WhorfKdgs 
Wbariocfc 


6.30 
1635 
730 
51 JS 
1750 
36 
32J0 
17J0 
4J8 
1030 
<2 
SLID 
4030 
12-60 
2480 
1195 

IS 

147 

50 

1X25 

27.40 

15 

7650 

177 

0-49 

54 

245 

4J8 

S75 

3X40 

1470 

X35 


£56 £S5 

1730 1«JQ 
7.00 US 
5425 STS 
U 19-20 
3X80 3880 
33.90 3350 
Ifi 1X« 
£50 445 

1060 1095 

4635 » 

595 £40 

42-40 44 

1380 1330 
2575 2575 
■ 1185 n?5 
103 113 

11340 168-50 
53 5450 
1590 1545 
21-70 3110 
1570 1560 
2775 2X50 
180 190 

OS1 051 
5780 6075 
250 153 

38 % 

3940 40 

1540 1435 
880 940 


GenlAcddral 1030 
GCC 383 

GKM 11M 

GftnoWUCDm 1243 
Canada Gp 830 
GfmdMri 542 

GRE 197 

GrwewtoCfc ’ 33 
Gdnmn 544 

GUS 777 

7-05 

IMdgs ■ 1405 

ra 9.15 

taptTotaXD 389 
Hnoftlwr XS3 

Laifcta 272 

LtHtC - 1070 

um an 

LagolGentGip 506 
Lto»d*T3Gp 7J» 
Lucas Vaty 2JB 
MataSpenaf - £44 
MEPC £19 

DtocrayAraM MX 
Ntdhnd Grid 280 
MaRPawer £01 
NdWeri 7.13 

Nut 7J6 

ftor««iUi*» Xm 

Orang * 131 

PLO 7 

Peornin 7^ 

P3*etui 153 

PowerGen 475 

PreafraFaraefl 470 
PIKMU 649 
RattackGp • 950 

Rank Graup 337 
RenatCetm 940 
Rrttand 335 

RMdtnS 580 

todoWWlW ua 

rSc'Sho 970 

wss* 

Rgaf&SwtAI £n 

§3S iS 

SaANewasts 645 
SarfPoMr 443 
Secnkxr Ut 

Sewn Trent - _ 
Stick Tramp R 43 
Slede 12 

SRfliMeptew 1J4 
570 


£75 

£51 

785 

430 

273 

£46 

458 

446 

£03 

£45 

147 

940 

3A5 

1292 

1288 

X03 

£74 

278 

379 

586 

650 

642 

n m 

£91 

382 

£27 

276 

942 

24P 

471 

.7.13 

lJt 

£10 

£13 

1140 

270 

487 

X6S 

£90 

377 

2.U 

450 

743 

140 

£50 

£41 

487 

970 

no 

843 

370 

547 

275 

672 

no 

740 

£96 

2J33 

590 

£51 

347 

£94 

1474 

£32 


£96 £10 

4B2 478 

148 £45 

634 640 

177 283 

£83 682 

£42 443 
479 583 

£04 £14 

£57 £52 

149 174 

995 1043 
377 372 

1381 13L2T 
1237 1270 
BjOB 830 
533 542 

285 298 

337 330 

530 54D 

7 739 
£87 491 
1383 1475 
£99 9.19 
345 349 
£39 £41 
244 247 

980 990 

246 238 

5 £94 
740 740 

104 107 

■ 434 £40 
£15 £1f 
1387 .1285 
277 282 
490 498 

9 997 

781 7.17 

331 345 

124 233 
£82 £77 

740 780 

LSO 134 
640 683 

442 470 

SM £72 
990 996 

331 333 

£UQ 9.15 
3J8 331 

£73 £73 

133 139 

£45 . £46 
112 3.15 
789 8 

987 973 

2 89 114 

£17 £43 

£53 591 

382 370 

497 583 

17.10 n 

£50 £58 


BaaCaamM 

Bd RdsuoBi 
Bcadlftoma 



ScaakB 

IPS 

m 

192 198 

SCAB 

169 

163 16450 170 

S^BtaenA 

8050 

79 

BO 8150 

SkiaxSoFoa 

352 

34) 

348 35150 , 

SkonstaiB 

796 

2BB 

293 299 ! 

SKFB 

180 17150 

178 18050 

Motel* 
Skim A 

177.50 

10750 

168 171 179 

99 10X50 10X50 

SvHondetaA 

236 

230 

236 73550 

Voho B 

201 

195 

197 20450 


Sydney 


£10 

Pnrigu: 244380 


Montreal 



££» 

61ft 

4480 

45 

28 

V 

27 JO 

2X10 

39 JO 

39.W 

39 JO 

39ft 

47 

47 

47 

45ft 

lift 

1X20 

lift 

1830 

3180 

3180 

3100 

33 

44ft 

£L9S 


44J0 

41ft 

41 

41 Vt 

42 

20ft 

20% 

20Vi 

M60 

19.95 

19ft 

1W0 

20J25 

42 

41ft 

4U0 


* 

29% 

28ft 

2950 

29ft 

9J5 

9J» 

9J0 

965 

76JD 

75 

7X60 

76 


Moft.uk. -W-Effiti* 


BradneaPki 

iPfd 
iPW. 
'PM 


9JB £50 £40 1080 
72081 70081 71580 71580 
4880 4280 4100 5080 
B13Q 7500 7581 8481 
1-LOO >380 1350 1470 
47001 41580 44380 48080 

51080 46999 469.99 55080 

UpMSOVfcfra 38680 37580 38080 41000 

LjStfMT 33080 30080 30080 34999 

PthfamPid 2000 21080 22181 25399 

Promts Lux 161.00 15380 15380 16780 

SU Nodoaol 4088 3101 3780 4080 


HwhDCoPM 



£87 

£50 

666 

£6C 

1002 

965 

9J0 

9 3i 

1446 

1175 

1406 

13 37 

4 

3JI 

176 

355 

2669 

25.90 

2£42 

2X90 

1630 

1X90 

1£07 

l£0S 

11J4 

1050 

1X97 

1150 

£93 

£70 

6X7 

£12 

£70 

£U 

X70 

X40 

430 

446 

£81 

£93 

2.73 

261 

266 

2JU 

220 

2.13 

120 

2.15 

11.14 

1050 

11 

11 

29.11 

2X34 

29 

2X50 

1J4 

US 

132 

137 

»J1 

19J0 

1970 

)96< 

2J3 

123 

231 

238 

£64 

654 

£60 

£50 

120 

IQS 

108 

119 

12 / 

360 

368 

166 

xos 

7.97 

£05 

8 

I7J0 

1674 

I7J8 

1650 

£43 

SJti 

£K 

825 

£41 

XOS 

SJB5 

£70 

£12 

7.9b 

XIM 

8 

1164 

1L30 

1160 

1150 

464 

£4S 

458 

£60 


The Trib Index 

Prices ns at 100 PM New Ycrk me. 

Jan. 1 . 1932 rr 100 

Lam) 

Change 

% chang® 

mar 10 dm 

World Index 

163.18 

- 3.07 

- 1.85 

♦ 9.41 

Rc^onai IndnxM 

Ase/PacUic 

99.96 

- 2.81 

- 2.73 

- 19.01 

Europe 

182-88 

- 2.97 

- 1.60 

♦ 13.45 

N. America 

199.07 

- 2.04 

- 1.01 

+ 22.95 

S. America 

MubtoW Indent 

134.18 

- 11.55 

- 7.93 

+ 17^6 

CapHaJ goods 

206.78 

- 5.10 

- 2.43 

+ 19 R 1 

Consumer goods 

19225 

- 2.25 

- 1.18 

+ 19.09 

Energy 

194 J 1 

- 2.72 

-158 

+ 14.12 

Finance 

115-83 

- 3.09 

- 2.60 

- 0.54 

MBsceBaneous 

160.12 

- 4.64 

- 2.82 

- 1.03 

Raw Mat amis 

166.01 

- 3 b 5 

-150 

-SJ 4 

Service 

158 J 5 

- 2.72 

- 1 .B 9 

♦ 15.31 

Utttttes 

155 J 52 

- 1.77 

- 1.12 

+ 8.62 

The tntoemtkxrml Hamid WtiritT Stock fodaxO tracks inaLLS doBur vahes of 

2S0 IntarrmrormOy kwostabb ttoda bom 25 countriw. For more tofoonanort b tram 
txxfttof to mmUUa by ntao lo Tha Tit> todonWl Awnua ChaitoB do GauAf. 

92521 Neuay Cede*. France. 


OomoHortbyB/amba^iNaais. \ 


Law CtoM 

Pro*. 

Hlflh Lew 

Ctoia Prw. 


Hondo Motor 
IBJ 
IHI 


tto-Ybkmto 


StwnBoc 


Brussels 


Alnmi 
Bans ind 
BBL 
CBR 


IEUIMbW-U 
PlHlMK 231275 

1580 1530 1560 JOT 

67S0 44® £50 «»» 

W CT 55 W 

3050 5905 


Jakarta 


Prados: 472JS 


_... i Lion 
ElectradH 
Eledraton 
ForfcAG 
GMHt 
GBL 

GcnBonm 
KrodMtmik 
PBttoftw 
Poworfti 


i5^ TWS 

]8 SB 

3360 1X6 


4jhi . mw ** ei? 

6870 4530 

1®0 1444 1*0 1490 

5140 5120 H90 CTO 

14W0 13350 14000 13800 
M500 14025 14500 J47® 
1^ igoo lgW 1^ 
5030 5030 5030 45® 


ArtraW 

8 * UiTt Indon 

BkKe9ara 

Gudraracm 

bBtocawd 
iDdataod 
Masai 
Hanlav a. , 
SwenGras* 
W« l — i — i 1 


2675 2300 267S 2» 

mo ns ra ® 

800 725 800 725 

9000 8600 W® J725 
3000 1900 19® 19® 

3850 SKD 3000 M00 

gw «QS BUO 8Qg 

6100 ao 

305 3300 3425 3300 

3600 3175 3600 3225 


Johannesburg 


£70 

7M 

Stood Charier £61 

Ttde&Llte £54 

Tasco £2 

Thamostadw 987 

31 Gawp 5 

n&£5 • 580 

Tomtom. 3.07 

IMhmr £56 

UM Assumes _ 

UWHem 7X7 

UMUtoBm 74S 

VendonwLxuto 

ygtfcdMi 3JB 

WMttmad 792 

WBtaasHdgs 381 

IVWseter 5.13 

WPP G«up in 

Z«wa 1884 




SocCenl 

setoay 

Tradebd 

IKS 


SS So ms B60 

IS 33 S3 SS 

118800 114000 117100 119900 


ABSAGnap 

An&AmOx* 


Pr^:64ZUM Madrid 


Copenhagen 


BGBonk 


in.* ! I ! I 

STSUbs _.»8!g^«5£ 


4 | I J 

- *B«B ^ OT 37£g 381^0 


a Goto 

AnotoAto ind 

sc w 

DeBoers 

Ddetontew 

FsMdBX 

Gwcnr 

GFSA 

hn»wWHto 

mgwecooi 

Iscor 

l W 


277D 2420 27 27 

745 244 2M «» 

20080 194 KQ M 2 

215 209 2M B4 

130 12570 130 130 

74 7280 7iX 7433 


£» ’.885 ‘ £» 


BSS Sa S S 633 445 


Frankfurt 


SHf w 

BASF 5875 

SS5SSSS* ’« 

Is 

DtonderBon* 

BSgg 

i 


nsn „ 

HaeMtof 

4oedtri 
(CmsIiidT 
LaWneyer 

Unde _ 

mflnonwR 

MAN 


7580 

6780 


BS5SU-.^« 


8490 

1020 

« 

736 


■ OAJtOTAO 

Prari00»779181 

1SS W I" 
Ml 2« M9 
383 389 » 

W 1Z280 1080 
4270 iZTJ g-M 
Si) 5X50 SMO 
H 72 73L10 
9X50 9980 10180 
60 6180 6180 
74 7490 75 

3975 »» 

'S ’iS isS 
iSS i»| 

n 77.10 Tag 

'sras'a* 

^ "I J 

^ 5a 

3081 3081 Jjl-fi 
SB SX ^ 
717 7» W 

34J0 3490 3£» 


Mtoam 

NamoA 

Ncdcof 

RfchWBM 

SABreworin 

STOKW 

Saw! 

TtierCtoto 


4X50 4675 4X50 

1 940 1940 1985 1925 
116 10 M 0 11 £» 118* 
34 3180 31.50 3180 
37 34 3580 3S80 

10JS 10 1095 J0J5 
77 71 72.10 73.10 

57 S 2 57 57 

19 1750 1950 JMD 
ISO 2J0 IB IS 

52 50 ' 3 82 

2wJ 290 2W m 

114 110 lM 116 

K15 T1S0 1430 1£M 
83.10 78 . 92 82 

U 1350 1450 1430 
9X50 94 97 97 

39 37.25 39 39 

54 3) 7 0 5280 8230 
1 » 12 L* 12X80 12680 

J*S s 
Z fi3 & 


Aorta 21910 

ACESA 1870 

AtaBnceWi OT0 

Sn 

4030 

- 7200 

aCeittoHtoF 
iPopohr «S50 

ar 1 

jUntoto . • 1770 

Pfvco 236S 

Repwl 6260 


133C 

Tbtacotoa 

V t tee c tttad 7736 


Manila 


AyotoB 


London 


ft-se.i»«H5 

MWK*R* 


mr 


JDcnwci 

AnsOonWnte 


As»C Br 

BAA 

BoRtoyi 


Banhtotod 

BtooCkde 

BOCCMop 


BPBlnd 

BfHAtaP 

BritAHWOTS 

BG 

BoimotiCaftitf 
Bprten.SP, 
Coble WUeless 


985 MO 92 5 9JB 
£99 £77 £« £« 
£20 8 8 889 

£10 Ag fS 

188 183 184 l£S 

5 482 481 455 

cj £22 £45 £40 

l££ 1485 U93 1£W 
'x50 780 789 131 

£42 £« £1| 5^ 

e ffl-ss b 

LS S W 

W “4 Mg £31 

“ ’iS 

u g i I 

JS iS iS K 

ig JS IS 5S 

tio 1.93 283 204 

« S W 

in 4M £88 


.... jH 

CAP He«« _ 
MonfloBecA 
TArtoBonX 
Pchoa 
POBook 
PMLU9DU 
SaiMtooriB 
SMI 


Mexico 


Ada a _ 
BanotrfB 

Enp Modem 
GpoOnoAl 
GjwFBcnmer 
Gpo Rn 

TetowoCPO 

TeWexL ‘ 



2690 2750 
599 570 


4108 4040 4040 8140 
1250 1170 1190 1270 

2B6 270 277 290 

427 420 420 437 

6140 6070 6070 <140 
, _ 413 «n 410 414 

JbinnTaMOS 9750B 95000 95001 WJOa 

2710 26B0 

572 590 

3180 2090 
1710 1670 
317 306 

225 211 

485 470 

1030 1010 
143 133 

685 660 

442 438 

7250 4890 
2000 I960 

451 405 

381 367 

2050 I960 
4400 4150 
2090 2030 
1120 1090 
1060 10 00 
272 240 

427 401 

UOO 1460 
446 620 

550 538 

1580 1470 

939 922 

1390 1360 
m 405 
4910 4900 

1400 1340 

1470 13X 

460 AO 

moo 10600 

667 645 

502 490 

299 250 

£30 603 

173 164 

1470 14* 

1040b 1020b 
5860b 5620b 
590 582 

210 271 

12000 1»0 

503 470 


jus me 1235 13 

14-1335 T3J5 14 
9S 92 9130 . 95 
130 Ui US UD 

os ax usd uso 

& £ S 2 ^ 
11 H ^ 3 

4280 4088 4280 41 

6 580 6 6 


920 *71 

3570 3440 


7120 2120 

« 

211 227 

676 670 

1010 1050 

136 146 

660 675 

444 467 

6910 7380 

19Bfl 1960 
405 452 

367 386 

1980 2040 

4710 4360 

2040 2090 

11W 1120 

ww 1 oa 

265 270 

403 427 

1510 1460 

620 654 

541 550 

1480 1540 

930 955 

1360 1380 

411 416 

4900 4X10 

1360 1370 

1370 1470 

445 464 
10800 11300 

646 678 

490 497 

253 256 

614 632 

167 179 

1430 1460 

1030b 1050b 
56Mb 5920b 
590 600 

272 2H1 

1550 1630 

12000 12400 
411 40 

300 39 4) 
1190 1250 

399 413 

7970 7970 
4870 4B20 

938 927 

997 ttno ioio 

- B900 9070 

930 970 

1990 I960 

CT 560 
2900 2936 
1670 16X 

1210 1240 

3700 3710 

9900 10100 
883 899 

1230 1Z70 100 

417 417 430 

16)0 1640 
251 269 

936 976 

3170 3270 
3330 3380 

9900 10300 
1970 2000 
720 746 

1230 1260 

2290 2XD 
050 6590 

_ 283 20 

492 495 493 

891 873 915 

1470 1520 

677 680 

565 570 

1730 1740 
871 910 

3440 2S7C 
2920 2920 2950 


Donahue A 
Da Pant OlaA 
EdperBrawm 
EvnrftarMnfl 
Fairfax FM 
Ftfmntvtdga 
FfcMicrtMA 
RnraaoNnado 
Golf Cdo Res 
Imperial DO 

hco 

IPLEn 


I PL Energy 
Lnfcflow B 


LoewenGnup 
MaanBBkl 
IMA 


MaanaMI 

AMbOKX 


Moore 
Newbridge Net 
Nmmw 
Narcen Eaeigy 
WhsmTriscoai 
Nava 
Qnn 

Pnnafii Peltoi 

Petra Cda 

PkxerDtm 

Poa>Prita 

PotoihSak 

Renateancn 

MoAtoan 

RowraQmfctB 

SeagranCo 

sndTotoA 

Sanoor 

TrtunwEny 

W 

Thomoa 
TorOcnBonk 
Tnnsnta 


TraraCdaPton 
:FW 


Titomtl 
TitocHrtn 
TVXGcfd 
MsstautEiiy 
Weston 


32-10 

127 

1105 

27A» 

7230 

1170 

117*1 

3195 

24to 

73*i 

27.70 

50V 

24 Sj 

5085 

19.15 
2£10 
7090 

35.15 
680 

2980 

101 


29V 2V4 2X65 29V. 

34U 33’4 34» 33to 
2135 23H 2120 2135 

22 n m nos m 

347 340 341.10 347 

21.70 21U 21£S HA* 

21-W 21 2IW 21.« 

3370 37W 33 33 

11.90 1US 1185 11JB 
8770 84H 8715 16 

29.15 28ft 28ft 29 

53 52 Sl» 52ft 

20 1985 19.85 20 

US0 3130 3140 35 

18.15 17ft 1785 1X10 

95ft 93 9X40 954$ 
1135 lid 7135 1135 
2316 2160 22.60 2X4$ 
7165 70 7070 7135 

2£70 
3105 
126 
12V 
36V 
2190 
27.35 
21 
1140 
115ft 
33 
26ft 
23ft 
48V. 
27.70 
4X90 
5OA0 
24ft 
4£90 
27.90 
34X5 
50ft 
19.15 
2£10 
71 
3X10 
£05 
39.05 
96 


31ft 3110 
123ft 123ft 
1145 12ft 
35 3Sft 
22ft 2190 
27JB 27 JS 
21XS 2140 
1110 1335 
115 11£dO 
32 3 2ft 

26 26ft 
73fu Z3U 

4715 47ft 

27 2740 
4X90 3085 
49J05 50ft 
23U 73k 

46 46 

27 27ft 
33ft 34JO 
50.70 
1X85 19 

25ft 25.95 
69ft 70 
34Vs 35 
6 6ft 
2X80 29-05 
96 99 


! SS Vienna 


ATX tax: 126X10 
Pretax: 130X2* 

Boeta-Uddeh 898 84580 853 886 

CiaStansJPfd 70) 670 676 7D2 

EA-Gennad 2921 45 284485 284135 2921 45 

EVIT 1374 r ' — 

FhialwtenWlM 
OAlW 

OrslEleftiib 
VA Stahl 

VATetJi _ . 

WleneiberaBau 2419236X70 236170 


r£to 1291 129X05 1361 JO 
502 «0 490.10 49X30 


17301671. Ml 169290 1731 

9M 940 950 940 

530 490J0 493 527.05 




Wellington Nzse^iate:23i7j8 

0 Pratavmua 


AH-NZeoklB 
Bderfrhif 
Osier HM on 


FJMftCbBir 

RekhChFow 


Lion Nathan 
TetotwnHZ 
When Horton 


360 

£tt 

360 

360 

JJ5 

J 20 

1JI 

123 

£01 

2BS 

255 

2.99 

455 

£78 

£80 

£84 

7J7 

7M 

750 

755 

162 

151 

151 

153 

275 

250 

350 

270 

3.91 

283 

191 

277 

7.90 

757 

764 

765 

11.1S 

1160 

11.00 

1U0 


Zurich 


ABBS 
Adeem B 
AtaetaeR 


<2.90 
1X30 
213 
1520 
4U5 
5380 
3JH 
29 jn 


60J0 <100 6100 
1740 1780 1X47 
3280 3280 3480 
U30 UBO 15J0 
4030 4£30 41 JD 
5180 51 JO SOO 
180 192 257 
2£M 2840 3X00 


Accor 

AGF 

fitess,, 

AIbdb AeSi 

g 

DOnCDnC 

Canetora 

aSSnOtor 


3780 3630 3620 3950 
13UD 12780 12780 1374N 
17.94 7124 1126 1X30 


OHJtaFran 

CndOAgdade 


Milan 

Morostaic 14)98 13800 U25SJ 14S90 


MIlTitatolra. T478XJ0 
Prari o M- ISMUO 



CA&dto 273947 
Pretafcjrrwb 

1070 1097 

’■BT* 

700 ns 

' 39X10 39580 
719 760 

1 385 405 

i 26X00 273 

1010 1022 
1 3100 3272 
315 318 

329 80 340 

! 637 640 

640 641 

1 545 587 

1311 1311 
899 HO 
715 730 

SSD tat 
7.75 780 

i £70 £70 

20930 209 

658 660 

379.90 3S8JQ 
SOI 630 


EkCMosB 

EricssonB 

HeoneaB 

hwafveA 

bmstarB 

M 0 O 0 B 

Nontata 

Ptag yes 


n 

SX 14 tadoc 312268 


Pro taw 33*97 

10X50 

93 

MSI 

103 

8850 

8 SA 

8650 

90 

230 

212 

215 

223 

121 

11750 13050 

122 

224 

719 

224 

223 

300 

296 

297 

303 

<15 

m 

614 

632 

340 

323 

339 

345 

309 

295 

SOS 30450 

665 

69 

655 

m 

363 

350 

356 

364 

218 

200 

306 

218 

239 

233 

236 

240 

231 

228 23450 

7X1 

'237 

77450 

733 

Z 79 


rtfpponAIr 

SU 

AsoUOiea 
AstMGtos 
Bk Tokio «0» 
BkYatotaao 
Bd Oge ri one 
Conn 
Ota Bed 
OswtoElee 
Mfa»l 

Dotal 

M-fchi Koto 

DofeM Bmk ' 

□cdMOHocxe 

Coh«5ec 

out 

Eari JcponRy 

St 

I SOI* 


HbCNtowIBX 

MtacN 



AMNCets. 
Atoertn Energy 

& 



Oomtor 


tseummcitomi 

Pratta. 684499 
2065 2X10 2X3S 30X5 
33 32H 3130 33 

,41ft 4X20 4H6 51X1 

KM 1£3S 1565 1560 
JM5 S9ft <030 6045 
085 63J0 63ft 64ft 
2985 dn -K 2965 27.95 
39^ MBS SS 
, V 36ft 36BS 36JS 
MOO 31^ 3365 3420 
2720 2660 3660 27 JO 
54 S3 53ft 54 
470 3940 4X35 04S 
76 75 7S8S 76 

4845 39 40ft 40ft 

3£» 36 3625 37 JO 

41.15 «43 4X85 41.15 
2730 36ft 2690 7720 
2560 24.95 2£3S 2520 
1148 1UB njg 1148 


AM 

Boor Wa B 
BoMaA^R 
BXVUon 

SSSS5l Chem 

EmOierele 

ESECHi 


Ufchtonst LB B 
KcsWR 
HovmR 
OerfknBuehR 


PMmVdnL 

RtamentA 

PJrafflPC 

Roche HdflPC 

SBC R 

ScMkBhPC 

SGSB 

SMHB 

sotarR 

S ta tes Betas R 

SAlr Group R 

UBSB 

WWsrnwrR 

Zurich AssurR 



SPI tadne 301X43 


Pretax- 348X31 

1764 

1715 

1740 

1740 

510 

491 

493 

495 

1254 

1770 

1736 

1265 

2550 

M50 

nso 

3510 

640 

82S 

R75 

875 

2030 

7000 

7030 

2060 

2480 

2345 

7450 

74)0 

11J8 

1113 

1130 

1148 

142 

137 

13X75 

147.75 

1092 

1050 

1070 

low 

197J5 

HO 

194.50 

70 a JO 

537 

534 

537 

537 

6850 

6745 

(M 

MW 

4065 

3861 

3861 

3940 

1175 

1141 

1149 

1198 

537 

m 

KG 

535 

I960 

1913 

1955 

I960 

2175 

7110 

7153 

319/ 

17X25 

173 

176 

17X50 

1790 

IPX 

1700 

I7W 

835 

810 

no 

840 

1590 

1535 

1590 

1400 

m 

307 

300 

313 

12300 

11915 

17090 

173/0 

369 

355 

361 

371 

1630 

1530 

1580 

1540 

2750 

26M 

7650 

3685 

792 


770 

794 

1010 

E.l 

975 

999 

Hft 

7044 

7063 

KW4 

1860 

18» 

1840 

1185 

1599 

1SXJ 

1566 

1391 

1459 

>401 

1470 

1470 

583 

571 

STB 

WO 


I 


J 1 '* 






i 





PAGE 16 


NYSE 


■ Thursday’s 4 PJM. Close 

The liOO most lnnfed stales oflheday. 
Nationwide pikes not fdfeding tote trades elsewhere. 
TheAssad&dPiBss. 


■ 12Mon8i 

. Kflgh Low Stock 




Oft YU PE lOfeHlga LowLotesi arge 


A-B-C 


• MftilBto ABNIUna JU 2J - 1035 20 

1 101ra52M ACE Ltd AS 1J0 13 756 9S 
, 11 ID ACMto .POo M 
' 8% 7 ACM Op 43 7.9 

• 10% fob ACM Sc 35 9.1 

, 7 6% A CM Sp 47 8J 

15 lift ACM MD 1JS10J 

• 10U 9% ACM Ml .90 9.1 
. MM 12** ACMMu .90 64 

M ACNM, 

2710 16V ACC Tech 





1991* lOVu -Vu 

92M 92M -T* 

. Xin IOM, IBM +M 

. A 8 7ft I 

- 962 10 1ft m 

= &,«• 4 ,£ 

- 109 10 w m 

- 163 MV* 14V. MV* +9. 

42 2496 23 229% 22% -W 

_ _ 3D7 26W 2S* 26V% +te 

MS 17 1939 51V* SOW. 3H*-lft 

J4 .1 11 24Q9 29W, 28% 29V. -V. 


R« 1 JB 6J0 13 717 lW« |B 189. 

pfT 125 9 J — 296 25% 25 25 

1 M 94 - 156 1«<» 14** 14M 


firsts* 

.eisa^wsrisr.. 

191* Vft APTsSn _ _ 263 ISM ISM ISM -te 
51M 409* AfECOOl 2J0 5J 43 184 49 48V. 4§te -to 

41 23ft AM Ud IJO « - _9M gft 25ft 26te+M 

5CWW30W ATAT 1J2 U 1853937 49ft 47V* 4n* -M 
39ft IBM AVXCp 34 9 18 1945 27ft 26 27V%+te 

35% 2 m AXAUAPAfP - - 384 34V% 33Vk 33ft -Vft 

32ft 9ft Arams J3 9 813436 15ft 12ft 14M +lft 

6Btel9M AOlira 1JB 14 2311799 62M 59ft 60te -ft 

"" +M 


_ 42 ion m 22ft 2» 

= a s??lS as* -a 

_ 3013580 28 26fti 2749 *V* 
- - 1D7 4h tft 4ft A* 
_ _ 106 13M 

_ 42 4754 lift ._ ._ 

- 651 236ft 2391. 23*ft -Aft 

- TO 17 16V4 16ft 


•1!S 

; Sio'ss 

•j*b s _ 

i&HMftbtiBB 

■ ft V S£. ,2 s 

• Zltell AdVDtnc 

. 87ft Sift A*«an 1-S26 2J0 18 2947 776ft 77 

• ft ft asssa * ,2 b m 0 ? as «c +« 

• 27V* 26U AcfnoCpf 237 83 _ 116 26ft 24ft 26ft 
. 118ft 69ft MM tnc JO 1.1 22 4488 721* 70ft 711ft 

104 66ft AotnapfCAH 4J _ 479 72% 71M 71V* -1M 
' 32 19ft AflQMSi _ 22 158 246ft 24ft 24ft 

20M lift AgSrai _ 23 222 18t* 18 18ft 

15% O'YWVqntaiq ,10c 1A - 1688 7V. 66V. 7M . 
22ft IBM AgiaRfl 1M 8.9 14 112 21 20ft 206ft Aft 

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INTERNATIONAL HERALD TRIBUNE, FRIDAY, OCTOBER 31, 1997 


PACK 17 


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Yen Winners and Losers 

Japan Inc.’s Asian Export Strategy Backfires 


Hh’iinibivx N ns 

sturdiest manufacturer we^t 1 ? 2651 
profits drop as thei^ dnL^“ Chmg lbeir 
V stumbles and Asian expon markSs £? 10iny 

Mitsubishi Heavy e i nS t r“ ^ 
Motors Ltd. fire the latpcr 77 

of souSS ^ 
the subsequent slackening of S ?■ S, d 

' ffSawfffg ? 15 

a kesmsm reponed ^ 

Mitsubishi Heavy Industries, which makes 
power plants and fighter jets amonYwhS 

Srom fell ^ 6 Thunda V*« ihSSSfpSS 

£“"5™ 6 6 from a year earlier to 

74 J billion yen l$6] .4 million). That drop 

4 “"derhnedthefaiJureofastra^^tS 

' ’ J?S^^ x P 0rterS u! ioptedwhensaIesstan ed 
wSkw l - h m u lhis yeajr Inc rease expans 
within Asia, where Japan already shk*40 
percent of its products. ^ 

With slower powth expected in Indonesia, 
Malaysia. Thailand and elsewhere in die re- 
gion. Japanese manufacturers are stanine to 
readjust to a world with fewer exports. 

We ve had a number of problems crop up 
ft y ?\. Y ^ iuhlsa Tsuda, vice president of 
Mitsubishi Heavy Industries said, “and 
there s no doubt the situation in Southeast 
> Asia will continue to hurt us.” 

The company initially hoped Asian exports 
would grow to 35 percent of total revenue 
from 25 percent last year, analysts said. In- 
stead, sales rose only 0.5 percent in the first 
half as exports fell 4.7 percent. 

But if manufacturers’ situation was bad in 
the first half, it is likely to get worse: The 139 
companies who have reported said that while 
profits rose an average of 10.1 percent in the 
first six months, they expected an average 
increase of only 2.4 percent for the full year 
through March. 

The decline in exports was triggered by the 
plunge in Asian currencies’ value against the 
yen, which makes Japan’s exports to die re- 
gion more expensive. Since the beginning of 


*: /: nsL 




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> 


May, the yen has risen 60 percent against the 
Thai baht and about 40 percent against the 
Malaysian ringgit and die Philippine peso. 
The currencies* plunges have raised concerns’ 
about lower corporate profits and slower eco- 
nomic growth throughout the region. 

Investors recognize Thai, with exports slow- 
ing, profits for Japanese manufacturers may 
drop, too. The benchmark Nikkei 225-stock 
index fell 492.10 points Thursday, or 2.92 
percent, to close at 16.857.04, with such ex- 
porters as Kawasaki Heavy Industries Ltd., 
Kobe Steel Ltd. and Bridgestone Corp. all 
declining. 

Exporters’ stocks have fallen 6 percent in 
the past week alone, and 18.2 percent since 
mid-August, as economists have predicted 
that Asian sales would slow, shav ing as much 
as 0.4 percentage point off the growth rare of 
Japan's gross domestic product 

Aiwa Co., best known for its stereos and 
compact-disk players, is concerned, even 
though its profit for the half-year was 26 
percent above expectations. 

' ’The best we can hope for in Asia now is to 
break even,’’ an Aiwa spokesman said. He 
said 12.7 percent of the company's exports 
went to other Asian countries. 

Hino Motors said its first-half profit fell 25 
percent from a year earlier, to 3.6 billion yen, 
or 21 percent less than forecast. Eighty per- 
cent of Hino’s expons go 10 other Asian 
countries, and the company p lans to make 
only 4,000 trucks at its Thai plant this year, 
against 14,000 last year, because of declining 
investment in the region. 

“We see demand slipping for another two 
to three years," said Yoshio Yoshizawa, se- 
nior managing director. 

Some Japanese manufacturers, however, 
say they plan to cash in on Asia’s troubles. 
Sony Coip. (see article below) posted record 
profit and sales for the half-year as exports 
and sales of its digital video cameras and 
game software boomed 

“We’re not worried about the Asian cur- 
rency crisis at aU," said Masayoshi Mor- 
iraoto, a senior vice president. “In fact, we 
plan to take advantage of it." 


Hit Movies Power Sony Earnings 


CiVipitrdt* Our Suff Fnm Duputdn 

TOKYO — Sony Corp. posted record half- 
year profit Thursday as demand for its elec- 
tronic products soared and the film “Men in 
Black’ ’ and others helped spur a revival in its 
Hollywood studio unit. 

Pretax profit for Sony and its subsidiaries 
surged to 202.1 billion yen ($1.7 billion) in the 
six months that ended Sept. 30 from 109.4 
billion yen a year earlier. Revenue rose to 3.‘1 
trillion yen from 2.5 trillion yen. 

Sony, Japan’s second-largest consumer- 
electronics maker, raised its sales and earn- 
ings forecasts for the. full year ending in 
March, citing rising global demand for elec- 
tronic products such as its PlayStarion video- 
game system and its video cameras and cel- 
lular telephones. 


4 ‘These digital products are just what people 
are looking to buy," said Masayoshi Mor- 
imoto, a director and senior vice president 
After a long period of turmoil, the Hol- 
lywood film subsidiary also came up with 
successive box-office hits in the first half, 
including "Men in Black." "My Best 
Friend’s Wedding" and “Air Force One." 
Revenue from the movie business rose 59 
percent, to 301 billion yen. . 

The yen’s 10 percent decline against the 
dollar also helped lift the company’s first-half 
results. The dollar averaged 1 19.1 yen during 
die April -September period. 

Sony also said it expected its full-year 
group sales to rise to 63 trillion yen, 11 
percent more than previously forecast. 

(Bloomberg. Reuters) 


* 


Mitsubishi Motors Chiefs to Quit Over Scandal 


CnmvMbyOurit^FwmDbpacha 

TOKYO — Mitsubishi Motors Corp. 
said Thursday that its president and chair- 
man would resign to take responsibility for 
the company’s involvement in a payoff 
scandal mat has ensnared some of Japan’s 
most prominent companies. 

“I will resign to take responsibility for 
causing trouble," President Takemune 
Kimura said, adding that the chairman, 
Hirokazu Nakamura, also would resign but 
not specifying when the resig n at io ns would 
take effect or who would succeed diem. 

Mr. Kimura said he and Mr. Nakamura 
would remain on the company’s board. 


Police arrested three Mitsubishi Motors 
executives on suspicion of having made 9 
million yen ($74,720) in illegal payoffs to 
sokaiya corporate racketeers since 1995. 
Sokaiya extort money by threatening to 
expose alleged dubious business practices 
or disrupt shareholder meetings. 

Separately , police arrested two Nikko Se- 
curities Co. vice presidents on suspicion of 
similar payoffs to die admitted sokaiya Ry- 
uichi Koike, who has been linked to the other 
three “Big Four” Japanese brokerages, and 
Toshiba Coop, admitted it also had paid off 
the sokaiya involved in die Mitsubishi Mo- 
tors case. (Reuters, AFP, Bloomberg) 


CONAGRA: Will Growth Pattern Be Changed? 


Continued from Page 13 

could lose the competitive edge that has made 
ir a heavy hitter on Wall Street- Its 15.6 
percent average annual increase in earnings 
per share since 1980 leads the food industiy, 
and its total return in the 10-year bull market 
through its last financial year, which ended 
May 25, greatly surpassed the gain in the 

Standard & Poor’s 500-stock index. t 

But if Mr. Rohde can persuade ConAgra s 
buccaneering operating presidents to share 
their weapons and potential spoils with one 
another routinely, he just might reach his 
ambitious goal of making ConAgra the 
world ’ s largest and most profitable food com- 
pany within the next decade. 

lie is starting out with 20 products that 
already have more than $100 million m an- 
nual sales each — and none bear die ConAgra 
name. Total revenue reached $24 billion in 
the year that ended May 25 about the same as 
the agribusiness side of the pnvately held 
cLi 3? lnc.Tobe king of 
ConAgra would have “ ^ 

. MorrisCos. —the parent of Kraft Foods, M 
cereals and Miller Brewing—- and Nestle oA 
i f of Switzerland, the world leader with revenue 
last vear of $455 billion. 

“Today, with a portfolio of busing 

stretching 

ica’s largest distributor of ferhiizm, an 
JSm chemicals. 10 branded staples of thegro- 
cerv shelves, ConAgra has its flag planted on 

more nieces of the food chain than any rival, 
more pieces 01 “ struck a mega 



deal 

Si.” iw 

operations of ConAgra nusua | level of control 

operating managcra|mun cosls and the 

uni,, "without 


going up the ladder to the CEO." 

ConAgra 's decentralized system gener- 
ously, rewards operating managers who per- 
form. Two presidents — the company would 
not identify them — received bigger bonuses 
than Mr. Fletcher did last year. 

But woe to those who fail short. Rather than 
tightening controls, ConAgra quickly replaces 
the president of any unit that tails to meet its 
profit projections. Mr. Smith, who arrived in 
1993, was the fourth in five years at the 
frozen-food business. Russell Bragg, who be- 
came president in January of ConAgra Poultry 
Co„ the third-largest U.S. chicken producer 
after Tyson Foods and Gold Kist, was the 
fourth person to hold that job since 1992. 

ConAgra ’s goal is to average 21 least a 20 
percent after-tax return on the cash available 
to the business. By hitting that target, Co- 
nAgra has been able to manage its long-teim 
debt, pay roughly 6 percent of earnings in 
dividends and achieve its other goal of annual 
growth in earnings per share of 14 percent 

Despite ConAgra' s track record, many 
analysis on Wall Street remain nervous that so 
much diversity will eventually spread senior 
management too thin and hamper profitab- 
ility, possibly in ways that will be difficult to 
detect before it is too late. 

“It’s very hard to monitor because there 
are so many businesses.” Bonnie Winen- 
burg, an analyst at Dain Boswonh in Min- 
neapolis, said. 

At the very least, ConAgra’s size and 
sprawl court public-relations problems. The 
most recent black eye was suffered this year 
when the company pleaded guilty to federal 
charges that it had fraudulently underpaid 
farmers and overcharged customers at grain 
elevators in Indiana. The incident fed sus- 
picions. never far from the surface in the 
countryside, that giant agribusinesses in gen- 
eral and ConAgra in particular are overzeal- 
ous in the pursuit of profits. 

Such tensions are likely to grow because 
big agriculture is being reshaped by new 
biotechnology and increased global trade. 

“They have the capability of putting to- 
gether a farm-gatc-to-dinner-plate pres- 
ence ” said Dick Reasons, head of DuPont 
Co.'s joint venture with Pioneer Hi- Bred In- 
ternational to develop new crops based on 
biotechnology. "And there are signs they arc 
serious about knitting it all together." 



Sayun InwrAtnucr. 

A TV PHONE TO GO — Michiko Matsuo demonstrating Kyocera Corp.’s 
mobile handset with caller viewing, due to go on sale in Japan in December. 


JAL Profit Rides an Updraft 


Investors Asia 


Tokyo 
Nikkei 225 



J J A S 0 
1997 


M J J A S 0 
1997 


M J J A S O 
1997 


Exchange 

index 

Thursday 

Close 

Pm, °* 

Close Change 

Hong Kong 

Hang Seng 

10,362.86 10,765.30 -3.74 

Singapore 

Straits Times 

Closed 

1,541.39 

* 

Sydney 

Ali Ordinaries 

2,436.10 

2,443.90 

-Q.2S 

Tokyo 

Nikkei 225 

16^64.94 

16,857.04 

-2.92 

Kuala Lumpur Composite 

Dosed 

662.48 

- 

Bangkok 

SET 

445.09 

45716 

-2 64 

Seoul 

Composite Index 

48548 

506.64 

■426 

faipat 

Stock Market Index 7,313.40 

7.039.56 

+316 

Manila 

PSE 

1,813.16 

1.814.15 

-0.05 

Jakarta 

Composite index 

502417 

472 05 

+6.53 

Wellington 

NZSE-40 

2^37.38 

2,375418 

-1.66 

Bombay 

Sensitive Index 

Closed 

3.934.33' 

' 1 


Source- Telekurs 


lra.nulMUl.il Ik-T-JJ T11!'" 


CpaqnkV hf Otr Su(f Firm Dbpmdr . I 

TOKYO — Japan Air Lines Co. said 
Thursday its pretax profit surged to 21 3 bil- 
lion yen ($178.1 million) in the six months 
that ended Sept 30 from 5.1 billion yen a year 
earlier as die carrier grabbed more 01 the 
Japanese market 

JAL cut three percentage points off the 
market share of All Nippon Airways Co., its 
major competitor, in die period. All Nippon 
dow has a little less than half the Japanese 
market, while JAL has about one- third. 

But the gains were accomplished by cutting 
prices on domestic flights, so the carrier's 
revenue rose only modestly, to 633.1 billion 
yen from 600. 1 billion. . 

JAL sold almost 4 percent more tickets in 
Japan and almost 3 percent more for In- 
ternational flights, Tatsuru Fukaya, senior 
vice president for finance, said. 

The domestic price wars hurt All Nippon, 
which reported a 24 percent drop in six-month 


earnings, to 13.5 billion yen. The results do 
not include the company's subsidiaries. Ail 
Nippon’s revenue rose 3.6 percent, 10 467 
billion yen. JAL has been cutting fixed costs, 
primarily salaries for flight attendants and 
pilots, by hiring foreigners for lower wages 
and by cutting jobs. But one main reason JAL 
may come back this year from a pretax loss 
last year of 16.9 billion yen is simply that the 
price of jet fuel, which clobbered earnings last 
year, has dropped from S32 a barrel then to as 
little as $22. 

JAL predicted it would report a profit of 1 
billion yen for the year. But there is a big 
obstacle to further gains: the United Slates and 
Japan are renegotiating a 45-year-old airline 
agreement, and the talks are expected to result 
in more U.S. carriers flying more often to 
Japan. Such an agreement, which might be 
reached in the next month, could spell trouble 
for JAL, with its relatively high labor costs. . 

(Bloomberg. AFX, AFP l 


Very briefly: 


• Sun Miguel Corp.’s net profit rose 1 percent in the first nine 
months of 1997 from a year earlier. 10 3.01 billion Philippine 
pesos (S86.7 million). The brewer and soft -dr inks concern 
said the depreciation of the peso had held down results. 

• The Philippines might get free of International Monetary 
Fund supervision of its structural adjustment program before 
the end of the year and possibly by the end of November, the 
finance minister, Roberto de Ocampo, said. 

• Germany may lift an embargo it imposed on Bank for 
Foreign Trade of Vietnam after the bank failed to honor 
guarantees of payment on exports. Gennan officials said. 

• Mitsubishi Heavy Industries Ltd. said fust-half pretax 
profit fell 16.6 percent, to 74.3 billion yen i$M5.5 million 1 as 
orders for electricity generators declined. 

• PT Bhaktt In vesta ma. a securities company partly owned 

by two daughters of President Suhano of Indonesia, hope* to 
raise 86 billion rupiah (523.5 million) through an initial public 
offering in November. Blmmibci c. Xruii 1 1. \F!' 


Southern Africa 
Trade ft Investment 
Summit 


Botswana, November 18-19, 1997 

President Ketumile Masire and fellow heads of state from the region will lead discussions 
at the International Herald Tribune's third Southern Africa Trade 8t Investment 
Summit to be held in Gaborone on November 18-19. The Presidents will be joined by 
business and finance leaders from the region, as well as renowned international figures 
and senior representatives from some of the world’s leading companies currently 

investing in Southern Africa. 


Summit Sponsors 



BLACK & VEATCH 


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SINCE 1955 


Corporate Sponsors 



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CORPORATION UNITED 





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Very few places now remain - for further details please contact: 

■ Herald Tribune Conference Office, 63 Long Acre, London WC2E 9 JH 

I'g ^ m H 4 T 7 I) 836 4882 Fax: {44 171 ) 836 0717 E-mail: frowan@ihtcorn 





•im-: woHi.uti inna m.w si- \i»kr 


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I 







PAGE 20 


Keralb^^&nbune 

Sports 


FRIDAY. OCTOBER 21, 


vsmf. 


World Roundup 


Tyson Breaks a Rib 
In Motorcycle Crash 

BOXING Mike Tyson punctured a 
lung and broke a rib when his mo- 
torcycle overturned on a highway 
ramp in Connecticut. 

The banned former heavyweight 
champion was expected to remain at 
Hartford Hospital for a day or two. 

“Tyson is doing extremely well,' ’ 
Dr. Lenworth Jacobs said Thursday. 
“His prognosis is excellent.” 

Jacobs said there was no evi- 
dence of alcohol or drug use. He 
said doctors put a tube in the lung to 
reinflate it. Tyson’s manager, Rory 
Holloway, said the fighter was sore 
but in good spirits. 

The accident happened oh In- 
terstate. 84, about 10 miles east of 
Hartford, during evening rush hour. 
Friends said Tyson's 1100 cc 
Honda skidded when it hit sand. He 
was wearing a helmet and a leather 
riding jacket 

Two friends also riding motor- 
cycles were with Tyson. They had 
missed an exit and were trying to 
turn around at the Manchester exit 
when Tyson fell, Holloway said. 

Tyson said a motorist who saw 
the accident called the state police, 
who gave Tyson a ride home in a 
cruiser at the fighter’s request 
Later, he decided to go to the hos- 
pital because he “didn’t feel too 
good,” Holloway said. Tyson's 
wife, Monica, who is a doctor, took 
him to the hospital. (AP) 

Krajicek Ousts Rafter 

tennis Richard Krajicek won 
another important battle Thursday 
in his desperate fight for a berth in 
the lucrative ATP Tour final berth 
when he' beat Pat Rafter, die U.S. 
Open champion, 7-5, 6-2, in the 
Paris Open. 

Krajicek, winner of three tour- 
naments this season needs another 
big victory to push him into the 
world’s top eight to qualify for the 
ATP finals in Hanover next month. 

One player almost certain to make 
it to the ATP finals is Greg Rusedski 
who beat Bohdan Uhlirach, 7-5, 6-3. 
The victory means Rusedski should 
become the first Briton to compete 
in the ATP finals. 

• Venus Williams crushed Italy’s 
Silvia Farina, 6-4, 6-0 in the 
quarterfinals of the Kremlin Open. 
The No. 7 seed, Brenda Shullz-Mc- 
Carthy, lost by 6-4 7-5 to Ai Su- 
giyama of Japan. (AP) 



Greg Rusedski returning to 
Bohdan Uhlirach on Thursday. 


NBA Pretenders Prepare to Run With the Bulls 


With Bird at the Helm, Indiana 
Looks Ready to Strut Its Stuff 


By Mark Heisler 

Los Angeles Tones Service 


gin , 
by -, 


The NBA's 1997-98 season be- 
ins Friday. Following are team- 
_ team previews, listed in order 
of predicted regular-season fin- 
ish. by division. • 

inMaNa PACERS Larry Bird, 
a bigger legend in Indiana than 
he was in Boston, returns as a 
coach. The Hoosiers are so 
happy, they won’t check the win 
column until Christmas. When they do, 
they might like what they see. If Bird 
can coach, he may turn out to be more 
than great public relations. 

The Pacers overachieved under Larry 
Brown to make the Eastern finals in 
1995 and 1996, but they were much 



better than they showed last season 
when injuries hit early, like the one to 
Rik Snuts, and Brown gave up on them 
soon after. 

Bird gets help from Chris Mnllin, 
exactly the offensive player this big. 
defense-minded team needed. The 
Pacers raved about Bird in camp. Who 
knows where this might lead? 

Last season: 39-43, sixth place. 

Prediction for this season : First 
place, as Bird runs his mouth on play- 
ers. opponents and press. 

cmcago bulls This is absolutely, 
positively, probably the last season to- 
gether for Michael Jordan, Scotiie Pip- 
pen, Dennis Rodman and Phil Jackson. 
That’s assuming they play together. It 
might not happen this calendar year, 
since Pippen might sit out the first two 
months after ankle surgery. Toni Kukoc 
has a sore left foot (on the team’s recent 
trip to Europe, he was getting second 
opinions about surgery) and hurt feel- 
ings because Jackson wouldn’t start 

him 

Of course, if they ever get together, 
this is the team that won a record 141 
games in two seasons, and stormed 
through five postseasons to five titles, so 
you can’t wnte them off yet. Can you? 

Last season: First place, 69-13. 

Prediction: Second place, not that I 
believe it will really happen. 

charlotte HORNETS The Hornets 
lost their beloved Larry Johnsoo- 
Alonzo Mourning nucleus and posted 
their best season behind underrated stars 
Anthony Mason and Glen Rice. 

They look bettor too. having replaced 
their guards, the old Muggsy Bogues 
and the career sub Tony Smith, with the 
free agents David Wesley and Bobby 
Phills. But Wesley is a shoot-first point 
guard, and Phills is coming off a bad 
season, so you can’t call it the steal of 
the century yet. 

Mason, a power forward with a 
massive chest and a bigger chip on his 
shoulder, is the key. He's unguardable 
in the low post and makes defenses 
double-team him. opening things up for 
the Hornets’ crack shooters. Rice and 
Del Curry. But Mason is. also a career 
malcontent, and he has been grumbling 
since he hit town. ■ 

Last season: 54-28. third place (tie). 

Prediction: Third, if they can keep 
Mason in place. 

Atlanta hawks Pete Babcock, one 
of the most underrated general man- 
agers in the league, has rebuilt the 
Hawks, despite a gloomy arena, sparse 
attendance and owner Ted Turner’s in- 
difference. He recruited Lenny Wilkens 


and Dikembe Mutombo and 
traded for Christian Laettner, 

Steve Smith and Mookie Blay- 

a| lode. 

^ W This summer, Babcock pur- 

w " sued Rick Fox, the scoring small 
forward the Hawks need, but 
couldn't make Fox’s short list 
The Hawks are fine defend- 
ers. but in the playoffs the Bulls 
made their offense look pathet- 
ic. Ed Gray, a rookie, looks like 
he’ll help, but the problem is 
bigger than that 

Last season: 56-26. second place. 

Prediction: Fourth place, just on 
their defense. 

Detroit pistons This looks like the 
season when their mercurial coach, 
Doug Co llins , and the Pistons go boom! 
Not boom as in a rocket taking off. This 
is more like boom when the rocket falls 
over on the pad. 

Taking over a team that won 28 
games, C ollins improved them to 46 and 
then an even more improbable 54 last 
season. But he strained fe elings with 
players, notably Grant Hill, along the 
way. 

Last season: 54-28, third place (tie). 

Prediction: Fifth place and a mem- 
• orable blowup. 

CLEVELAND CAVALIERS Shawn 

Kemp says he’s looking forward to this 
season because, “I’ve always enjoyed 
people doubting me.” Welcome to the 
rest of your career, big guy. An in- 
stitution at 27 in Seattle, where he had 
six more seasons and $33 million left on 
his contract — one the Super Sonics 
gladly would have renegotiated — 
Kemp pouted last season and forced a 
trade. 

Now he has a $107 million deal with 
a ream that will snuggle to reach -500. 
having lost four starters — Mills and 
P hills to free agency, Terrell Brandon 
and Tyrone Hill in the deal for Kemp. 
Instead of Gary Payton and Detlef Schr- 
empf, he’ll have Bobby Sura and Vitaly. 
Potapeuko. 

Last season: 42-40, fifth place. 

Prediction: Sixth place. Kemp can 
always go home and play with his 
money. 

Milwaukee bucks On the floor, this 
team looks better. The Bucks drove a 
hard bargain for Vin Baker, landing 
them a top point guard, Brandon, and a 
tough power forward, HilL Another deal 
brought Ervin Johnson, who'll split the 
center position with Andrew Lang. 
They already had Glenn Robinson and 
Ray Allen. But the Bucks have looked 
good on paper for a while now. 

Herb Kohl, the U.S. senator and team 
owner, personally hired Dick Versace, a 
former coach as his personal adviser/ 
assistant coach. That doesn’t look good 
for the current head coach, Chris Ford. 

Last season: 33-49, seventh place. 

Prediction: Seventh place. Let’s just 
hope Senator Kohl is doing a better job 
for America than he is for the Bucks. 

Toronto raptors In its first two 
years, Toronto won 51 games, com- 
pared to 20 by its expansion twin, the 
Vancouver Grizzlies. But Isiah Thomas, 
the general manager, has bigger dreams. 
Once again showing he's fearless. 
Thomas took a prep star, Tracy Mc- 
Grady, with the No. 9 pick. Thomas has 
gambled on talented problem children: 
Walt Williams, Sharone Wright, Carlos 
Rogers and now John Wallace. 

Last season: 30-52, eighth place. 

Prediction: Eighth place. Someone 
has to finish last. 


Aging Rockets Can Soar (If Barkley Plays) 


Los Angeles Times Service 

HOUSTON rockets The Rockets are 
warming up for another Last Hurrah, but 
they might have to do so without 
Charles Barkley, who is threatening to 
retire after his arrest last weekend fol- 
lowing an altercation in a bar in Or- 
lando, Florida, in which he threw a man 
through a window. 

‘’Right now, I'm leaning toward re- 
tirement,” Barkley said Wednesday. 
“If the league is not going to stand by 
me, then I’ll just say thank you very 
much and move on.” 

Barkley also said he was upset that his 
9-year-old daughter, Christiana, had 
been harassed by schoolmates in 
Phoenix over the incident. 

Last season, when Barkley (34), Ha- 
keem Oiajuwon (34) and Clyde Drexler 
(35) were sound, the Rockets were 
great, but it didn’t happen often — only 
40 games, of which Houston won 32. 

A year later, everyone is injury free 
and the rosier is deeper. 

Last season: 57-25. second place. Pre- 
diction: First place. if Barkley, Oiajuwon 
and Drexler play 70 games together. 

SAN ANTONIO spurs For years, they 
tried to find players to complement Dav- 
id Robinson, and the best they could 
come up with was Dennis Rodman. 

Last season, fate stepped in. Robin- 
son missed all but six games because of 
a bad back. They fell into the lottery and 
got Tim Duncan. They couldn't have 
found a better partner for Robinson if 
they had drawn one up. 

The hard-nosed Duncan defends, 
scores, rebounds and passes so well that 
Coach Gregg Popovich is already com- 
paring him to Bill Walton. Not since 
Walton has anyone seen a young center 
with such sound fundamentals and 
grasp of the game. 

Last season: 20-62, sixth place. 

Prediction: Second place. Duncan 
isn't ready to take over, but the time may 
not be far off. 


UTAH jazz They went to the Finals, 
tested the Bulls, and made a belated 
storybook season for some consummate 
old pros. Karl Malone remains bionic at 
34. bur John Stockton. 35. who had sat 
out four games in a 13 -season career, 
underwent knee surgery and is out for 
two months. The Jazz’s doctor says he 
doesn’t know whether Stockton will be 
able to return at his old leveL The other 

Midwest Division 

key players — Jeff Horaacek, Greg Os- 
tertag. Bryon Russell — are solid, but 
there are better, younger teams out there 
waiting for them. 

Last season: 64-18. first place. 

Prediction: Third place. They're still 
a 55-victory team, but in this division 
that might not get you anv higher. 

MINNESOTA T1MBERWOIVES The 
Timberwolves vaulted to respectability, 
breaking their team record by 1 1 vic- 
tories, making the playoffs and then re- 
signing tiie 21-year-old Kevin Garnett 
to a $128 million contract This season, 
their mission is to keep improving and 
then re-sign Stephon Marbuiy. 

The Timberwolves needed size even 
before losing Dean Garrett to Denver. 
Now their centers are the spindly Cher- 
okee Parks, the sleepy Cliff Rozier and 
the rarely activated Stanley Roberts. 

f/jvt season: 40-12, third place. 

Prediction: Fourth place. Another 
playoff berth an d Mar b ury re-signs. 

Vancouver GHi /z i iWE Young and 
clueless, the Grizzlies needed then- an- 
onymity in their Pacific Northwest out- 
post slumping from 15 victories in their 
first season to 14, the worst start any 
NBA team has ever had. 

Bat last season’s top pick, Shareef 
Abdur-Rahim, was the real deal, av- 
eraging 18.7 points- Bryant Reeves may 
become a top- 10 center. This season’s 
No. I pick. Antonio Daniels, a point 
guard, is highly regarded. Anthoay 


Peeler, a former Laker, averaged 14.5 
points after - a slow start. 

Needing veterans and leadership, the 
Grizzlies imported the power forward 
Otis Thorpe and Coach Brian HilL 

Last season: 14-68, seventh place. 

Prediction: Fifth place, as they finally 
pass the elusive 20-victory barrier. 

Dallas mavericks Cinly two Mav- 
ericks remain from last season’s open- 
ing-day roster, Samaki Walker and 
Coach Jim Qeamons. 

Don Nelson, the general manage-, was 
hired at midseason to take over from 
Frank Zaccandli, a realtor who traded 
Jason Kidd. The belting around foe 
league is that Nellie win ax Cleamons 
him and make himself coach. Mean- 
while, Nelson said the Mavs should be 
playoff contendere. Qeamons gulped 
when he beard that one. 

Last season: 24-58, fourth place . 

Prediction: Sixth place, because the 
Nuggets are in the division. 

■ Denver nuggets After a brief re- 
building program, ending when they let 
Dikembe Mutombo go in some unwise 
downsizing, the Nuggets are back to 
kindergarten, with two rookies starting. 

_ Hoping for some good public rela- 
tions, they hired the popular former 
Nugget Allan Bristow as foe new gen- 
eral manager. Bristow never did much 
in Charlotte except finish well in draft 
lotteries, and he started his Nug- 
get career inauspiriously, trading Ant- 
onio McDyess for three No.l picks, 
none of which is likely to be in foe 
lottery, and two No. 2 picks. 

Bill Hanzlik, another popular former 
Nugget, makes his coaching debut He 
had better think up someftmny things to 
say after losses. 

Last season: 21 -61. fifth place. 

Prediction: Seventh place, amid 
speculation cf the coming of George 
Karl, or Phil Jackson or Isiah Thomas. 




Niriurl UwMfflr IncM hm 

The Pacers’ coach, Larry Bird, getting vocal in a recent exhibition game. 

Lakers Have Wealth of Talent, 
But Can They Play as a Team? 

they weren’t a handful last spring. 

phoenix suns After an 0-13 start, 
40 victories last year seemed like a 
miracle. Their trades for Jason Kidd and - 
Antonio McDyess look like the deals of 
foe century. 

However, McDyess is still an alluring 
prospect who doesn't rebound much — 
a 73 average last season — rather than a 
star. Kidd still has to learn to shoot, and 
playing with Kevin Johnson, a com- 
manding figure who needs the ball, 
might not promote his development. 
Danny Manning looks for the first time 
like foe player he was before his knee 


Los Angeles Times Service 

LOS ANGELES LAKERS On foe plus 
side, they're the same gifted, young 
crew whose mere presence scares all the 
other teams in the West. On foe minus 
side, they’re foe same volatile, young 
crew that went bust in foe playoffs last 
year. 

Better health and better cohesion will 
help, as will Rick Fox. Last season 
Shaquille O’Neal sat out 31 games, and 

Pacific Division - 

Robert Horry arrived out of shape at 
midseason, then was injured. The real 
question concerns foe team’s charac- 
ter. 

Can Shac[ lead? Can Nick Van Exel 
fall in behind Del Hams after three 
years of rolling his eyes at foe coach? 
Will the players who get left out of 
Harris’s ever-changing rotations start 
that “I don’t know my role” stuff? Can 
Eddie Jones be foe No. 2 option they 
need? Can Kobe Bryant harness his 
talent? If the answers aren’t positive, no 
amount of raw talent will save- them. 

Last season: 56-26, second place. 

Prediction: First place, or more 
heads than Harris’s will roll. 

Seattle SUPERSONICS Some sea- 
son, peace will return to the Super- 
Sonics. But not this one. 

Of the Three Whackos who propelled 
them to the '96 Finals, only Gary Payton 
has mellowed and been signed long- 
term. Shawrr Kemp had to be traded for 
foe more amiable but less-explosive Vin 
Baker, who led Milwaukee to an av- 
erage of 26 victories in four seasons. 

That leaves Coach George Karl, who 
turned foe SuperSonics around. After 
going 82-82 for two seasons, the Sonics 
have averaged 59 victories with him 
But Karl has been alternately looking 
over his shoulder and eyeing greener 
pastures since the team's owner, Barry 
Ackerley, fired his sponsor. Bob Whit- 
si tt, as general manager. 

The rest of foe cast — -Sam Perkins, 
Detlef Schrempf and the reacquired 
Dale Ellis — is able bOLold. Somehow, 
it doesn’t look like progress. 

Last season: 57-25, first place. 

Prediction: Second place, then Karl 
splits for big money elsewhere. 

PORTLAND TRAIL BLAZERS In three 
years since bailing out of Seattle, Bob 
Whitsitt has brought in and revived the 
careers -of Rasheed Wallace, Kenny An- 
derson and -Isaiah Rider.- This fall, he 
and owner Paul Allen’s money netted 
promising Brian Grant, who formerly 
played for the Sacramento Kings. 

It took three years to run off P. J. 
Carlesimo, whom Allen Rad lured be- 
fore Whitsitt arrived. Now Whitsitt has 
his own man, Mike Dunleavy, an NBA- 
style coach in contrast to Carlesimo, 


Seton HalL The Blazers could be a 
contender but they had better hnrry_ 
Arvydas Sabonis, four 7-foot-3 (23- 
meter), 290-pound (i3 1-kilogram) cen- 
ter, is 32, so they don’t have much 
time. 

~ ■ Last season: 49-33, third place. 

Mark Heisler Prediction: Third. Ask the Lakers if 

i 


surgery in 1995. 

Oh yes, and they’ll be $8 million to $9 
million under the salary cap next sum- 
mer. 

Last season: 40-42, fourth place. 

Prediction: Fourth again, then a 
shopping opportunity. 

LOS ANGELES CUPPERS Bill Fitch 
took the Clippers to foe playoffs and 
became foe first coach ever to be rehired 
by Donald Sterling, the owner. Fitch's 
two-year,.$4 million extension gives the 
Clippers unusual stability at tbs top. 

Their chances this season depend on 
Brent Barry, who has been brilliant, if 
only in flashes, in jaunts out of Fitch's 
doghouse, and Stojko Vrankovic, foe 7- 
2 Croatian who couldn’t meet modest 
expectations in Boston and Minnesota. 

But with the Spurs on foe way back, 
the Clippers will have to beat out Min- 
nesota for the last playoff spot • 

Last season: 36-46, fifth place. 

. Prediction: Fifth in the Pacific, but 
ninth in the Western Conference and no 
playoff place. 

SACRAMENTO kings Mitch Rich- 
mond still wants out Brian Grant, foe 
Kings’ best young player, left, as did 
Tyus Edncy, a surprise as a rookie who 
signed with the Celtics after a disap- 
pointing second season. Coach Gany 
Sl Jean, who took the team to its first 
playoff both in 11 seasons, was fired 
and took a better-paying job as general 
m a nag er of the Warriors. 

Eddie Iordan is the new coach, but the 
cast — ■ Olden Polynice, Michael Smith, 
Billy Owens. Mahmoud Abdul-Rauf 
Bobby Hurley — is the same old owl 
and it isn t good enough. 

Lost season: 3448. sixth place. ' 

Prediction: Sixth again, unless they 
lose a altogether and fall to seventh 

couien state warriors Three 
seasons after quitting on Coach Don 
Nelson, the Warriors have not resumed 
playing with any purpose, other than 
collecting a check. 

P.L Carlesimo, fresh from his tri- 
umph m Portland, gets foe whip and 
chan-. At least Carlesimo has a strong 
hand, a $3 million salary and control of 
operations. He’ll need it Latrell 
Sprewell is talented but willful. Joe 
Smith scans to want out. If they finish 
m the bottom three, Orlando gets their 

Last season: 30-52, seventh places 

Prediction: Sei'enth place. Wait until 
Carlesimo yells at Sprewell. 

■ Mark Heisler 


To Shed Image 
Of Also-Ran 

Ims Angein Times Srrwf ' 

new vork KNfcics Fortune, which 
has not been kind to the Knicks, may be 
turning in their favor. 

They put together a nice, little ran in. 
last spring’s playoffs until suspensions 
KO’otbem. This fall, they were having 
an unimpressive, turnover-filled exhib-w‘ 
ition season until the Celtics donated 
Chris Mills, a handy jump shooter, for 
four berichwarmers. 

Patrick Ewing has a new$20-mi]lion- 
a-year contract that wilt cany him 
through age 39. ThoughtfuUy.foey’llIet . 
him skip practices to rest the sore knees 
that slowed him down late last season. 

Last season: 57-25, second place. 

Prediction: First place, if Allan 
Houston and Chris Child*, approach 
their old farm. 

MIAMI HEAT As the Knicks could tell 
you. Coach Pat RUcy’s miracles come ai 
a price, and his grueling practices are 


Atlantic Division 


hard on players. Alonzo Mounting, wh 
used to miss enough games when he ws 


li: 


g.who 

IUVU W WUWH^M WS* 

playing in Charlotte, where they let him 
skip practices, just had knee surgery and 
is out for a month. 

With little money left on foe cap, Riley 
still sig ned Terry Mills. Todd Day and 
Eric Murdock to provide missing fire- 
power. What Riley really needs . is for 
Jamal Mashbum to return to foe pre- 
surgery Monster Mash, but in exhibitions 
it didn't look like it was happening.. 

Last season: 61-21, first place. 

Prediction: Second place. The Heat 
played well without Mourning last sea- 
son, but even with Riley demanding it. 
the impossible is not always possible. 

orlando magic TTk team that made _ 

the NBA finals in 1995 with only on d/ 
-starter over 25 lost Shaquille 0*Nealr 
and was eliminated in the first round of 
foe playoffs. 

■ Backed against a wall — Penny 
Hardaway can be free in 1999 and says 
he will leave if things don’t improve — ' 
the Magic threw big bucks at every star 
coach, finally getting Chuck Daly. 67, to 
accept $5 million (plus a house, two cars 
and a $301 per diem, $1 more than 
Riley). Then they added Derek Harper 
and Mark Price. It might not be luce 
when Shaq was there, but it’s progress. 

Last season: 45-37, third place. . 

Prediction: Third place. The players, 
who mutinied against Coach Brian Hill - 
last year, will have to Listen to the de- 
fense-minded Daly. 

Washington wizards Three years 
after Chris Webber's arrival, foe Bullets 
finally made the playoffs, although they 
■ drew the Bulls and stayed foe minimum, 
three games. Where does Washington, 
now foe Wizards, go from here? Despite ' 
youth and talent, not far. 

Webber and Juwan Howard are 
friends, but each plays better when-foej- 
ofoer is out Webber, who is as big asy . 
Mourning, insists he is apower forward, 1 
though plays that position too as if he 
were Magic Johnson, who happens to be 
his boyhood idol. 

Gheorghe Mures an, foe starting cen- 
ter, is a defensive liability and often 
hurt The guards. Rod Strickland and 
Gilbert Cheaney, have no shooting 
range. 

Cast season: 44-38. fourth place. . 

Prediction: Fourth place and another ' • 
fight for the No. 8 playoff berth. 

NEW jersey NETS Coach John Ollie 

part’s plan was to save salary cap room 

and recruit a star freer agent m the sum; 
raer of ’98. But by foe summer of *97. h 
began to share the local pessimisnaf^. 
what star would come here? So betook* - 
on $6 million in annual salary in Don 
MacLean, Lucious Harris and Michael 
Cage to trade up for Keith Van Horn of 
Utah. That's a lot to put on . a young 
man’s shoulders, but in exhibitions. Van 
Horn looked foe part 

Last season: 26-56, fifth place. 

Prediction: Fifth place, burit'll look 
better than last season’s fifth place. 

Philadelphia 76m Coach Larry 
Brown’s career has featured fast" turn- 
arounds and almost-as-fast exits. His 
new team bristles with good young 
players — Allen Iverson, Jerry Stack- 
house, Jim Jackson, Clarence Weafo- 
erspoon — and has lacked only a pro- 
fessional coach. 

^Butali foe players named above will 
be free agents within two summers, so 
Brown needs to do something spec- 
tacular to keep foe ones he wants and •? 
sign some others he needs. §j 

List season: 22-60. sixth place. < 

Prediction; Sixth place, bia it’ll look 
better than last season s sixth place, 

boston Celtics After the -worst 
season m franchise history, ownership 
Anally realized that M. L. Carr was in- 
competent to hold all foe jobs it had 
given him and brought in Rick Pitino, 
foexoach everyone wanted. 

NBA experience sug- 
gested he d mow better, started signing 
free agents: $33 million for Chris Mills, 

$22 million for Travis Knight, $8.4mil- 
Uon for Andrew DeClercq, $2.7 million 

Capping him5Clf 
reserves and sent Massen- 


kin"' 

* 0" 

Jll‘" * 1 





won £ non - Seventh place, Pitino 
an j l~ gomes at Kentucky last season 
and but won t get clos e to that. 

Mark Heisler 


J Willie 


Mi I J „• a. .. •> 



s 


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. V 

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PAGE 21 


SPORTS 


^Belgium Gains Edge 


With Draw in Dublin 

f 

Yugoslavia Crushes Hungary, 7-1 


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toewivnrs&FmaspittfiB 

took a confident step toward 
World Cop qualification with -a 1-1 
playoff draw in Ireland. 

Belgium fell behind to Denis Irwin’s 
free kick in die seventh minntp. but was 
more creative throughout and should 


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have scored more than the spectacular 
equalizer by Luc N ilis 

“It is halftime, it is 1-1,’* said Mick 
[McCarthy, the Ireland manager. He ad- 
fded that while the Belgians “played as 
well as they can, we can play a lot 
..better.” 

After Erwin opened the scoring with a 
.curled free kick, Belgium recovered fts 
composure and tied the score when Nilis 
fired a powerful shot into the top corner 
of the Irish goaL 

Only two excellent saves by Shay Giv- 
en, the Irish goalkeeper, prevented Mi- 
chael Goossens and Nilis from scoring. 
Bm Given was helpless in the 80th 
minute when Marc Wiimots nnl<»agtwvt a 
ferocious drive that hit the top of the 
bar. 

Irwin almost grabbed an undeserved 
winner for Ireland in the last minute wben 
a copy-cat free kick flew inches wide. 

The return match is in Brussels on 
Nov. 15. 

. In a game reported in late editions 
Thursday: 

Yfcsosiavia 7, Hungary 1 Barring an 
almost unlikely comeback, Yugoslavia 


Miroslav Djukic, Dejan Savicevic, and 
Savo Milosevic scored the others. Bela 
Dies scored fra Hungary two minutes 
from time. 

“There was simply no one on the 
field that was willing to lalre respon- 
sibility and organize the side," cniH 
Jeno Buzanszky, fullback for the fa- 
mous Hungarian ride that beat England 
by 6-3 at Wembley in 1953. 

All his famous Ferenc 

Puskas, would say was, “In my time we 
did things differently.” 

Slobodan Santrac, die Yugoslav 
coach, seemed dnmbstnick. ‘Tt is dif- 
ficult to evaluate such a game from a 
professional point of view because 
everything was decided right at die 
start,*’ be said. 

hu D.C. United could not complete 
aUS. soccer double. It lost to the Dallas 
Burn in a shootout in Indianapolis on 
Wednesday in the final qftheU.S. Open 
Cap. 

The Bam won the shootout, 5-3, when 
Jorge Rodriguez booted Ids penalty kick 


booked its placein the World Cup finals 
he first leg 






.with victory in Budapest in the : 
of their playoff. 

Yugoslavia, which was barred from 
the World Cup qualifying competition 
in 1994. mov«i toward the 1998 finals 
in France in the most emphatic way. 

It went up by 3-0 inside the first 10 
minutes ana destroyed the Hungarian 
team, which suffered its biggest home 
defeat since it lost, 8-2, to England 88 
years ago. 

Predrag Mijatovic scored three 
Yugoslav goals. Branko Bmovic 


red 0-0 at the end of overtime at the 
Indiana University' Track Stadium on the 
campus of Indiana University-Purdue 
University. 

“It was a hard-fought game; but not a 
well-played one,*’ said Bruce Arena, 
the D.C coach. “We didn't have a 
whole lot left in us after just winning the 
MLS championship.’* 

The U.S. Cup is an 84-year-old tour- 
nament open to professional and am- 
ateur teams. 

Spain Espanyol of die first division 
went out of the Spanish Cup after losing 
by 2-1 at home to third division 
Figueres. It was Espanyol’ s first defeat 
of the season. 

Three otter first division sides — 
Tenerife, Oviedo and Sporting Gijon — 
were also knocked out m second round, 

Espanyol fielded on^one first twim 
player and lost, 3-2, on aggregate after 
letting in two goals in the opening 20 
minutes. Tenerife drew, 2-2, in the Ca- 



A Short World Tour; 
Golf To Add 3 Events 


The Associated Press 

HOUSTON, Texas — The world of 
golf got a little smaller, or a little larger, 
degrading on how yon look at it 

The U.S. PGA Tour, in conjunction 
with the tours of Europe, Japan, South- 
ern Africa and Australasia, on Wed- 
nesday announced three international 
events beginning in 2999. each with a 
purse of at least $4 million. 

The World Golf Championships will 
consist of a match-play event in Feb- 
ruary, a stroke-play invitational in Au- 
gust involving Ryder Cup and Pres- 


idents Cup team members and stroke 
in No' 


■ Uu^nc'lnr 

Ray Houghton of Ireland, left, challenging Danny Boffin of Belgium. 


nary Island derby match with Las Pal- 
mas, going out by 5-4 on aggregate. 

Sporting Gijon lost, 1-0, at home to 
Osasuna, 2-1 on aggregate, and Oviedo 
drew, 0-0, with AJaves after losing the 
first leg by 1-0. 


I Iordan ov May Still Play 


Ivalyo Iordanov, a Bulgarian inter- 
national striker who plays for Sporting 
Lisbon, has been diagnosed as suffering 
from multiple sclerosis, but his career 
may not be over yet, the club’s doctor 
said Thursday. 

“We are carrying out a careful eval- 
uation to see if he can reach the levels 


required for competition.” Fernando 
Ferreira said. “We believe that he can." 

Iordanov has not played since early 
September when he complained of pains 
‘ in his leg shortly before Bulgaria’s final 
W orLd Cup qualifying game against Rus- 
sia. He was in the Bulgarian squad that 
finished fourth in the 1994 World Cup. 

Iordanov. who trained with Sporting 
on Thursday, said he was determined to 
continue playing. 

“All I know is that I won’t stop 
fighting until the end.” he said. “I be- 
lieve not only that I will play again, but 
also that I will serve Bulgaria in die 
World Cup in France next year.” 


November with a field taken 
the world golf rankings. 

The series of events means the top 
players will be competing against each 
other at least once virtually every month 
from February through November. 

“We wanted to come together and 
come up with some championships 
which essentially met the market,” said 
Tim Finchem, the U.S. PGA Tour com- 
missioner. 

The Andersen Consulting World 
Championship of Golf and the NEC 
World Series of Golf will end. Both 
Andersen and NEC became lead spon- 
sors of one of the events and overall 
sponsors of the series of events. 

The announcement was part of a pro- 
cess to create a series of world events 
begun in 1994 when Greg Norman en- 
dorsed an aborted bid to start a World 
Tour that would have competed with the 
PGA Tour and other tours. 

“I took a lot of hurt and a lot of 
criticism,” Norman said Wednesday. 
“Now we can move forward. It’s good 
for die game. It shows I had a know- 
ledge of what the players wanted.” 

the match-play event featuring the top 
64 players from the World Goff Rank- 
ings will be played Feb. 24-28 in Carls- 
bad, California. 

From Aug. 26-29. the most recent 
members of the Ryder Cup and Pres- 
ident Cup teams will meet in a 72-hole 
stroke-play event at in Akron, Ohio. The 
field will have a minimum of 36 players 
and a maximum of 48. The Presidents 
Cup pits the United States against a 
team of players outside Europe. 

Asked if this amounted to paying 


members of the Ryder Cup and Pres- 
ident Cup teams. Finchem said, “I sup- 
pose yon could look at it that way be- 
cause there is going to be a significant 
purse available.” 

On Nov. 4-7, Valdonrama will hold 
the World Stroke Play Championship. 
The field of 60-65 players will come 
from the top 30 money winners on the 
PGA Tour, the top 20 from Europe, the 
top three from the Australasia Tour and 
the top two from die Southern African 
and Japan tours. 

A fourth unspecified event will be 
added in 2000. After that approximately 
half the events will be played in the 
United States. 

■ A Good Start for Montgomerie 

Colin Montgomerie shot a 65 Thurs- 
day to take second place after the first 
round of the season-ending Volvo Mas- 
ters. Reuters reported from Jerez. Spain. 

Montgomerie trailed Patrik Sjoland, 
a Swede, by one stroke. More import- 
antly, Montgomerie led Bernhard 
Longer by one stroke. The Scot is seek- 
ing his fifth consecutive European order 
of merit triumph. He started the event 
£45,249 ($75,600) ahead of Langer, 
who is second in the rankings. 



It-ukn 


Colin Montgomerie lining up a putt. 


t.nrf'rtojfi 



Red Wings Put Their Ex-Goalie on Ice 


Scoreboard 


ICE HOCKEY 


The Associated Press 

It was like old times at the Joe Louis 
. Arena in Detroit The place was rocking 
.and Mike Vernon was in goaL Only this 
. time, he was on die visiting team. . .. 

' Malting his fust appearance in De- 
' troit since leading tire Red Wings to the 
Stanley Cup championship last spring. 




.Vernon suffered a 4-3 loss Wednesday 
jiight as a member of die San Jose 
Sharks. 


“I just didn't know what to expect,’ 
Ve 


said Vernon, who was greeted warmly 
by the fens with cheers and “welcome 
back” signs. • 

’ „ “But once the puck was dropped, I 
' . ‘ was fine,” he said; 
pjB Vernon, who won the Conn Smythe 
F Trophy as the playoffs’ most valuable 
' jtiayer, was overshadowed this time by 
. Chris Osgood. Osgood took over the 
No. I goaltending position in Detroit 
after Vernon was traded to San Jose for 
.two draft picks. 


“The fens here are great fens and 
knowledgeable fens' and a class act,” 
Vernon said.. 

Larry Murphy scared the tie-breaking 
goal for the Red Wings 45 seconds into 
the third period off a rebound during a 
goal-mouth scramble. 

Vernon made 25 saves. Osgood 
stopped 31 shots, giving np two goals to 
Tony Granato and one to Bill Boulder. 

Doug Brown, Steve Yzerman and 
Darren McCarty scored the other goals 
for Detroit (10-1-2), which is off to the 
franchise’s best start since 1962- 

Ster* 4, Capitals 3 .Benoit Hogue 
scored his first goal of the season wife 
27:22 left as Dallas extended its win- 
ning streak to four games and ended 
Washington’s unbeaten home record. 
Greg Adams had a goal and an assist for 
the Stars, who trailed 3-1 in the second 
period.- 

Se nat or* 5, li gh tning 2 Shawn 
McEachem scored two goals and Ron 
Tugnntt stopped 23 shots, lifting Ottawa 
to victory in Tampa. Paul Ysebaert 
scored two goals for the lightning. 


Islanders 5, Canadians 2 Bryan Be- 
laid scored one of New York’s three 
second-period goals and added two as- 
sists as the Islanders won at Montreal. 

- Biuaa 3, Fiyars 2 Pavol Demitra.beat 
Garth Snow, fee Flyers’ goalie, wife 
238 remaining to give St Louis a vic- 
tory in Philadelphia. Just 23 "seconds 
earlier, fee Flyers’ John LeClair had tied 
the game wife his 10th goaL 

Blac fclia — fc » 3, Canucks O Tony 
Amoate and Ethan Moreau scored rare 
power-play goals for Chicago, which 
also got 19 saves from Chris Tcrreri. 
Before Amonte snapped a scoreless tie 
at 14:59 of fee second period, the Black- 
hawks were 3-for-73 on the power play. 
The Canucks have lost four straight, 
getting outscored 15-4. 

oflars 3, Coyotas 2 Greg de Vries and 
Doug Weight scored 32 seconds apart in 
fee third period to snap a tie and pace 
Edmonton over Phoenix. The Coyotes, 
wife six anackers on the ice, got within 
one point wife 1 :53 left as Teppo Num- 
minen’s shot beat a screened Curtis 
Joseph. 


NHL Standings 


ATLANTIC DMSKMi 



w 

L 

T 

Pis 

GF 

GA 

Washington 

7 

4 

1 

IS 

41 

31 

PhOnrterpmc 

7 

5 

1 

IS 

38 

34 

Herr Jersey 


4- 

0 


30 

21 

H.Y. Rangers 

3 

5 

s 

11 

31 

34 

N.Y.IskmdHs 

4 

5 

2 

10 

31 

28 

FlorMo 

3 

5 

3 

9 

23 

33 

Tampa Bay 2 9 2 8 

NORTWAST DIVISION 

23 

43 


W 

L 

T 

Pts 

GF 

GA 

Ottawa 

7 

3 

3 

17 

41 

31 

Pittsburgh 

7 

5 

2 

16 

39 

■35 

Boston 

7 

4 

1 

15 

35 

30 

Montreal 

6 

4 

2 

14 

33 

25 

Carolina 

3 

7 

3 

9 

31 

41 

Buffalo 

3 

7 

2 

8 

28 

40 

- WKSTBtN CONHXBIG 

CBTTRAL DIVaDON , 

I 



W 

L 

T 

Pts 

GF 

GA 

Detroit 

10 

I 

2 

22 

51 

25 

St. Louis 

10 

2 

1 

21 

46 

27 

Dafcs 

9 

4 

1 

19 

43 

31 

Ptioerwi 

5 

4 

2 

12 

36 

31 

Toronto 

3 

6 

2 

B 

24 

34 

Chfcoga . 3 10 Q 6 

PACIFIC DIVISION 

19 

37 


W 

L 

T 

Pte 

GF 

GA 

CdfflDdo 

7 

2 

4 

18 

44 

33 

Anaheka 

4 

4 

4 

12 

26 

31 

Los Angeles 

4 

S 

4 

12 

41 

39 


S 

& 

1 

11 

26 

38 

San Jose 

4 

8 

0 

8 

31 

39 

Vancouver 

3 

7 

a 

8 

26 

35 

Calgary 

2 

8 

a 

6 

31 

42 


WDM BOAT'S USOtTS 

N.Y.fstaufcR 1 3 IS 

Mootrael 1 0 I— * 

First Perio* New York. Green 3 (Rekiwi 
BeranO (pp). Z M-ReccN 6 (KoMj. Corson) 
Second Period: New York. PoWy 6 (McCabe, 
BerartO (ppl- 4. New York. SmoSnsU 2 
(CzerkowBfcL Loctance} 5, New York, Board 
« (Potffy. RefcJwO <pf». TIM Porto* New 
York, Hough 1 (Lopokrte, Orotsfcd 7. M- 
ReccH 7 (Donohouno Rucfnsky) State on 
go* New Yo»k 8-6-12—26. M- 6-126-23. 
Goon#* New Yak. FktewcL M-Thlbwlt 
St Louis 1 • 3-3 

PhJMeipfata 0 1 1-2 

IstMteSJ-^tadmds 7 (Yak. Murphy) 
2d Paris* P-BifmfAoiovr 4 (Tlw-riea 
Grafton) 3d Palo* SJ_-Peflerin 3 (Afctoe- 
ynunw.Duchesna) 4. P-LcCttr 10 (Undra, 
Svoboda) & St Louis, Deradra & (Pmnger) 
Shots on 9 a* S J-- 4-5-6 — IS. P- 10-5-2-1 7. 
G oaB ry Si_-Mct*«roon, Firtir. P-Snow. 
Data 1 2 1—4 

Washington 1 1 0-3 

Rrst Paris* D- Adams 4 (Haney, 
Hatched 2 W-Bondra 6 (Juneau, Houriey) 
(ptf.l W-, TtnonS 3 (Vednft. KonowakMU 
Second Peris* W-Juneou Z (sh). & D-. Reid 
3 (Verbeek. Adams) (pp). 6 D- 

LangenOnmner 5 (Madams Chambers) 
TIM Perio* D- Hogue 2 (Vertaek, 
Ntevwendyk) Shots oa got* D- 4-10-11— 25. 
W- 9-8-2-19. Gordies: D-Turek. W-Katfe. 
Ottawa . 0 2 3-6 

if. ggf 1 g I x 

First Perio* T-Ysebae*t 2 (Poulin) W0. 
Sacood Perio* O-McEachem 7 (Yashin) 
*22.3,0-. Aifradsson 6 (PhHPto York) (pp). 
Third Perio* O- Yashin 6. 5. T-Ysebeotl 3 
(Tores, Renberg) 6.0-Oac*efl2 (McEachem, 
Kravchuk) (pp). 7, O-McEadiem & (sh). 

Shot i os geN: 0-3.14-14-3). T- JJ-6-8-2S 

: O-Tagnutt T-Poppa. 


Sat Jaw 2 1 0—3 

Detroit 2 1 1—4 

First Perio* 5J,-Grenoto 3 (Shinn) Z D-, 
Brawn 5 (Fefbon. Kratov) (pp). 3. SJ.- 
Grenota 4 (Rugnoreson, Guoflo) (pp). 4, D- 
Ymrnan 5 (McCarty. Morphy) Socond 
Perio* D-McCarly3 (Eriksson) 6 San Jose. 
Moulder 2 (Mattea* RathM Third Perio* 
D-Moiphy 2 (Draper, GDchrfcfl. Shots oa 
foot SJ.- 11-11-12-34. D- 8-13-8 — 29. 
GoaOo* SJ.-V*noa D-Osgaod. 

Vancouver 0 0 0-0 

Chicago 0 1 2-3 

Rrst Perio* None. Second Perio* C- 
Amonte 3 (Suttee MUDridi) (pp). 7Hnl 
Perio* C-Daze 4 (Zhomnov, Moreau). X C- 
Moreav 3 (Zhomnov, WehirUi) (pp). Shots 
ea goal: V- 5-5-9-19. C- 9-13-13-35. 
Gate: V-liba. C-Terrerl. 

Phoenix 1 0 1—2 

Edaoetoa 0 1 1-3 

Rrst Perio* Ptoenh. Roenfck6 (tsbWec 
DidirdO Second Perio* E-McAmraond 2 
(Grieiv Berehowsky) Third Porio* E-deVries 
2 (Arnett) 4. E-, WdgW 6 (McGHBs) 5. 
Phoerac Numndnen 3 (RoeoldO State on 
goat: Ptioeatx 8^6-23. E- 5-11-18-34. 
GeaBosr Phoenh. JOnbibuBn. E Joseph. 


STANDWQX: X-Cok) Crdo 11 paints; 
Crazairo It Indepemflenfe & Baa Juniors 5. 
GROUPS 

Veter SorsfleJd 0. Flanengo3 
SaoPauto4.0Bmplal 
stand wo* x-Soo Pavla 11 points Fta- 
mengo 1ft OBmpta * Vteez S. 

orwups 

Sonins 3, Radng Chib 2 
STAMDOtasi WverPWel2 points; Vobco 
do Gama 11; Santas 7; Radng i 
GROUP# 

AHeflco Nachnal 3, Gremlo l 
standmosc NadonallOpafiitsPencaol 
*Gramro * Estwflantef £ 
tewon s e mif i nal place 

World Cup 


IIMMANZONI 

PLAYOFFS, RRST 1X0 
Ireland L Betelirai I 
Hungary L Yugoslavia 7 
Croatia 2. Ukraine 0 
Russia 1. Italy 1 

Rdiim leg an November 15 


TRANSITIONS 


wnnnHTDnnwoN 
NEC NBmegen a Gnxrfsctnp DoeOnchem 4 
Feyeaoord 1, Fortuna SHtani 3 

SCOTTISH PMMBI DtVWON 

Hearts a DunfermStw 1 


RRST ROUND 
QftOUPi 

IndepeaBentea CnoeiiD 1 
Boca Janiws 2. Crto Coio 2 


NATIONAL HOCKEY LEAGUE 
Da l l a s— A s si gned 0 Sergey Gaoev la 
Michigan, IHL. 

los arceles-AcOvoM G JaadeStarfrere 
tend list and seni him la Lang Beoch, IHL 
new J ekey— S ent D Sheldon Sou ray to 
AB»ny, AHL , 

ottawa— S ent D Radkn Bkanekla Mav- 
ItabalHL 

PlTTSlUEfiH— Recalled G Peter Skadra 
ham Houston IHL Sent C Robert Lang to 
Houshra. 


DENNIS THE MENACE PEANUTS 


CALVIN AND HOBBES 


















•Vi 


PAGE 22 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, OCTOBER 31, 1997 


POSTCARD 


Beanie Baby Boom 


By William L. Hamilton 

New York Times Service 


A tlantic city. New 

Jersey — At Jewell and 
David Brain's booth at 1 the 
1997 AtlandqueCity Holiday 
Fair, the talk wasn't cheap. 

“What's Seymour running 
now?" called one collector. 

■ “Sixty-five," said Jewell 
Brain, a dealer from Stam- 
ford, Connecticut. 

“J’m looking for Curly,” 
another voice called from out 
of the crush. 

. “Who isn't?” Mrs. Brain 
said, with a sharp laugh. 

With 1,500 worldwide ex- 
hibitors, die fair, at the new 
Convention Center over the 
Oct. 18 weekend, was the 
largest indoor collectibles 
event ever staged. And Mr. 
and Mrs. Brain were the talk 
of it: Their glass cases were 
filled with Beanie Babies, 
seven-inch-long, plush- 
covered polyvinyl-chloride- 

pellet- stuffed animals dis- 
played like gems ' against 
black. Mrs. Brain sold a set of 
Bronty the Brontosaurus, 
Steg the Stegosaurus and Rex 
the Tyrannosaurus for 
$1,750. She sold Peking the 
Panda for $ 1 ,295. The biggest 
ticket: a $2,995 tag for Peanut 
die Elephant, in rare royal 
blue, whose record is $2,200. 

With a kind of viral cute- 
ness, Beanie Babies have in- 
vaded die antiques world. At 
their oldest they are barely 
four. New Beanies are still be- 
ing made by Ty Toys, which 
"retires” characters periodic- 
ally, taking them out of pro- 
duction and creating scarcity. 
At their Adantic City debut as 
. antiques, there was sniggering 
division among dealers and 
collectors. Were Beanie Ba- 
bies corrupting the collectibles 
market? Or was it business as 
usual in a business accus- 
tomed to bride-and-groora Pez 
candy dispensers for $4,000 


and up? It depended on whom 
you asked — and what they 
had for sale. 

“They're dangerous," 
said James Maley, a dealer 
from Fullerton. California. 
“Thatstuff is essentially new. 
People are paying — they're 
hot — but that's the kind of 
market that will crash." 

Maley had no Beanie Ba- 
bies for sale, but he had sold a 
discontinued Snow White 
Pez dispenser that morning 
for $250. “Pez dispensers are 
all 20 to 40 years old," he 
explained carefully. 

Though they started life as 
a collectible toy for children, 
Beanie Babies aren't kid stuff 
anymore. The new collecting 
market for Beanie Babies is 
being driven by and for 
adults, often inspired by their 
children's original collec- 
tions. And the prices have 
matured accordingly. 


□ 


“Seventy-five percent of 
my people are adults,” Mrs. 
Brain said. “They're a cat- 
egory of T used to buy these 
for my kids to play with, now 
I buy them for my kids and 
they sit on a top shelf and 
they’re going to pay for col- 
lege.”' 

Kelly Flagg, 14, of Tappan, 
New York, was visiting Mrs. 
Brain's booth with her moth- 
er and father. Kelly began 
collecting Beanie Babies as 
toys when they were intro- 
duced in 1993. She buys du- 
plicates to trade, some of 
which are now valuable 
enough to baiter for big-ticket 
items like those she saw for 
sale at the Brains. Kelly is 
within nine Beanies of a com- 
plete collection — 135 pieces 
plus 10 variants on charac- 
ters, Like differing names or 
colors. 

David Brain estimates such 
a collection would now be 
worth more than $40,000. 


Dee Dee Bridgewater: Fame and Respect in Pans 


By Mike Zwerin 

international Herald Tribune 


P ARIS — As the singer with the Thad 
Jones/Mel Lewis Village Vanguard big 
band. Dee Dee Bridgewater was sometimes 
known to disappear behind the celebrated 
“Pepper Adams column.” It was so named 
because it just happened to be in the right 
place to protect the shy baritone player 
Adams from public view. 

. For some reason Bridgewater cannot 
really explain, she did not begin to lose her 
fear of performing on stage until she got to 
France. Maybe it bad to do with not un- 
derstanding the language. And she could, at 
least at first, shake off the importance of the 
French market There seemed to be less at 
stake. 

When she had starred in the Broadway 
production of the musical “The Wiz,” for 
which she won a Tony in 1975, it was a 
cooperative effort Success or failure did hot 
entirely depend on her. Working with die 
likes of James Moody, Clark Terry, Jimmy 
McGriff and Grady Tate was also all about 
teamwork. 

Starring in the revue “Sophisticated 
Ladies," based on the music of Duke El- 
lington. in Paris in 1984, was the beginning 
of a more comfortable relationship to live 
performance. There's nothing like mass ap- 
proval: “I had the feeling that it was O- K. to 
do whatever 1 wanted to do until I found the 
right road. The Freach public was always on 
my side.” 

Learning the Freach language in order to 
play the role of Billie Holiday in “Lady Day” 
on stage in Paris was ‘ ' painful ' ' But she made 
lots of friends. Then it moved to London in 
English. Widening her European appeal, she 
starred in “Cosmopolitan Greetings” — an 
opera written by Allen Ginsberg and the 
Swiss composer George Gnmtz — in Ham- 
burg. A bluesy “Carmen” was performed in 
Vienne, France, more recently. And she re- 
corded two duos with Ray Charles. 

She married a Frenchman, Jean-Marie 
Durand, and they installed themselves in the 
suburbs of Paris. They have a five-year-old 
son. Once her manager, Durand stays in the 
background now, allowing his wife the space 
for her blossoming career, taking care of 
family business, bringing up their son at 
home. “He's been so cool and supportive," 
she says. “When I get an idea he’s always 
behiod it: ‘Go on. Do it.' I've been lucky 
with my dear French husband." 


There are two daughters by 
previous husbands. Tulani, 25, 
works in the talent department 
of the Nickelodeon Network 
in Los Angeles. 

Durand once managed ha 
younger daughter, China, 19, 
who sings with a French rock 
band. He stopped because, 
Bridgewater says, “The roles 
weren't clear. Where does the 
parent cut off and the manager 
stan?" 

She began to be spoken of as 
a successor in the line of Af- 
rican-Americans who, like 
Josephine Baker and Sidney 
Beenes, got fame and respect 
in Paris. Black American en- 
tertainers tend to oeed Euro- 
pean experience and approval 
to acquire what white America 
considers “style" which also 
often entails dropping the 
word “jazz” into the job de- 
scription. 

Her first album under an 


independent production deal 
with French PoIyGr 


ilyGram/Verve 
was a tribute to Horace Silver. 

She did three gru eling tours, 
including in the United States, 
promoting it. Ha hard- 
swinging French backup band 
featuring the funky tenor/ 
trumpet team the Belmondo 
Brothers helped. But basically 
ha name was alone on mar- 
quees night after night 
And now there is “Dear 
Ella, " a recorded tribute to 
Ella Fitzgerald with strings, a 
big bond, and the respected 
old-timers Milt Jackson and 
Ray Brown. Brown was once married to 
Fitzgerald. Bridgewater had second thoughts 
about the project, “like I was putting myself 
on a platter and asking people to come and 
slice me up. Ray Brown saved it. He called 
me on New Year's day and said: ‘When are 
we going into the studio?’ ” 

With ha combination of openness and 
modesty, it takes a while to reams that she is 
in fact promoting herself as she tells her 
story. 'Hie impression is something like 
‘ ‘Guess what’s been happening to me lately! 
Isn't it amazing? I’m a concert artist now. I 
perform in concert halls.” 




.ud« Cologne/ 
Berlin, Amsterdam, Salzburg; 
Chicago, Boulder (Colorado).' 
Boston and Sauna Batina' 
— all 'before 


(California) 

Christmas. 


“The French public was always on my side," the singer says. 


With her CDs averaging sales of 150,000 
copies, ha tax people have suggested she 
move to Switzerland. She puts her hands 
around her throat as though being strangled: 
“I told them, ‘Hey guys, why not tie a bell 
around my neck? Just put me out io pasture 
right away. We've got to figure out a way so 
that I can stay where I am and work around 
that.’ *' 

Last weekend she worked in die disrin- 


she remembers, a story: “It V 
one of tire richest cities- in 

America, right? But they have 
no jazz club. Which figraea, : 
because (he club situation in 
America just gets worse and 
worse. A young North Afri* 
can guy leased a store— you., 
know, a boutique — arid 
turned it into a.clqh.'.The 
drums and the bass are itr the 
display window. The people 
— about 150 maximum — sit 
on the floor. It's always 
jammed. 

“One night there were six 
millionaires sitting oh the 
floor listening to me sing. I 
know because after the set 
they came up to me and said 
•we’re millionaires, ’ Very 
American. They said they 
were on the arts committee. 

“They were also on the-, 
committee that decides who 
can move into Santa Barbara. 
Only a limited number of 
people are accepted. They 
don't . want U to get too 
crowded. The man said. ‘We, 
would Like you to live in Santa 
Barbara. You're an artist. . 
You’re the kind, of person we . 
want here.’ 

“ ‘I can’t afford to live io 
Santa Barbara,* I said Tm a jazz singer.' ” 
In style or not, the word still implies a certain 
degree of intellectual accomplishment and 
honesty. 

“They said: *We can make it affordable 
for you. We'll help you sell your house in 
France. We’ll sell you a home here for next 
to nothing. We want you in our community. 
You are a real artist' 

Thanks a lot,’ I told them. ‘But I’m 


guished Theatre des Champs- Elysecs in Par- really happy living in France.’ One of the 
is. She still does clubs, but only by choice, millionaires gave me his card and said: 'If 
For example, the esteemed Iridium near Liu- anything should change 
coin Center in New York and Catalina's in “I kept it.” She laughed. “Just 


incase. 






- f H 


■.•ill 
I ■ 


I 

'll- 


STYLE 


PEOPLE 


Amid Flowers, a Designer Weathers Social Storms 


By Alex Witehel 

New York Times Service 


N EW YORK — When Henry Kravis and 
Carolyne Roehm separated in 1993, ha 
mother said, “Now you'll know who your 
friends are.” 

Roehm winces at the memory. “At the 
rime, I asked, ‘Do I want to know that 
nuch?’ ” 

Sitting in the living room of ha Sutton 
Place apartment, Roehm went on, “There are 
people I neva heard from again, but the 
people who have remained my friends are 
wonderfuL” 

A group of them declared themselves last 
week by throwing a publication party at the 
Union League Club for Roehm 's first book, 

“A Passion for Flowers.” The list read like a 
gossip column from the glory days of. the 
1980s, featuring Gayffyd Steinberg, Anne 
Bass and Blaine Trump. 

But the appearance of one guest in par- 
ticular moved Roehm: Kimberly Kravis, her 
former stepdaughta. “I hadn’t seen her or 
Robbie, ha brother, much," she said, “be- 
cause I think you should let the dust settle 
with everything in life. They're great 
kids.” 

In the court of New York social crimes, 
Roehm committed an unthinkable offense: 

She let a billionaire husband get away. As a 
result, she lost ha design business (which he 
financed), her cachet on the charity circuit and her 
must-have status at A-list parties. 

For all the women who secretly hated her for ha 
money and because at 5 feet 10 inches ( 1 .78 meters ) 
she weighed 1 14 pounds (5 1 kilograms), it became 
open season. Ha dress designs were good, sure, but 
not as good as those of ha mentor, Oscar de la 
Renta, who gave ha her start 
In 1991, after ha company folded, a casualty of 
both the recession and the unexpected death of ha 
stepson Harrison, she regrouped and started a cata- 
log business. 

It was promising — in its first year it exceeded 
projected sales of $500,000 and grossed $3 million 
— but the retailing operation had inventory prob- 
lems. Roehm always insisted on only the best 
materials, and that just wasn't practical. So, once 
the husband went, there went the catalog. 

Roehm, 46, knows all this, of course. As she 
talked about ha book on flowers, ha meaning was 
not lost. 



f>*d R. Cmrad/Thp IWti YnrkTi 

Carolyne Roehm in her Manhattan apartment 


“I don’t want to sound hokey,” she said, 4 ‘but if 
you see a perennial garden out of season, you think 
it will neva come back, and it does. Flowers are 
forever. Yes, they die, but another one always 
sprouts.” She blushed. “I’m not gifted enough to 
explain this.” 

For a visual person, as she repeatedly calls 
herself, it's not a bad explanation. The thing about 
Roehm that her detractors underestimate is a very 
important one: She is smart enough to know what 
she doesn't know, and she neva stops trying to 
learn. 

But it was ha drive for perfection, she admits, 
that did her in, both in her career and in ha 
marriage. She would regularly rise at 6 A.M., 
exercise, take piano lessons, study Freach, work at 
the office 10 to 12 hours a day, organize enormous 
black-tie benefits and keep up not only the Park 
Avenue duplex and the Connecticut house, but also 
two homes in Southampton, a villa in the Domin- 
ican Republic, a ski bouse and a ranch, in Colorado. 


Don’t cry for me, Argentina? Try it first and 
see how long it would take to fall ova. 

“One hates a marriage to fail," Roehm said 
carefully. “It's so painful. But in the end it 
probably saved my life. Why was I so driven? 
You could speak to an analyst, I guess, who 
would say. ‘She was so insecure she just had to 
prove herself in eveiythiag.’ ” 

Sipping tea, with ha pointy chin and ha 
upturned nose, Roehm seemed familiar some- 
how. If Maty Poppins had married a mogul in 
New York in 1 the 1980s, she would look like 
Carolyne Roehm. 

“I'd wanted to beafashion designer all my 
life, and I wanted to be successful at it,” site 
said. “When! met Henry in 1980, there hadn't 
been the big deals. Life was different” The 
couple married in 1985. 

“when I started my business I went 
through the whole thing about ‘What if our 
romance falls apart?’ ’’ She smiled wiyly. “It 
was the right question. 

“But women responded to my clothes. 
Henry started doing huge deals. I actually 
learned from him about doing work for char- 
ity, that giving your time to raise money is a 
responsibility when you're very lucky. So I 
plunged into that I'm not the type that can let 
go. 

“The couple of times I didn't follow 
through 100 percent I thought less of myself. I 
was a strung-out wreck. I admit it — I got 
caught up in the ’80s and lost track of wnat 
was important in my life. I was on that fast track to 
nowhere.” 

But did she have to lose her business in the 
process? 

“One gets married with the idea it will last 
forever,” she said. “These are the risks you take in 
life. And you know what? I was a big girl Henry 
gave me an opportunity to do things I neva would 
have been able to do.” 

In addition to publishing “A Passion for 
Flowers,” Roehm is once again getting into the 
catalog business, selling home accessories under 
the name Home by Carolyne Roehm. This time, 
though, she owns the business herself and she is 
starting small, with only 20 items. 

‘ T don’ t want to be a dog wagged by its tail, "she 
said. “I want to grow this steadily. Yes, I love 


T HE Hubert de Givenchy suit worn by 
Audrey Hepburn in “How to Steal a 
Million” in 1966 sold for $10,350 at Sotheby’s 
in New York. A European deala bought the 
blue-gray herringbone suit, which had been 
expected to sell far between $3,000 and $4,000. 
The item that fetched the highest price in the sale 
of postwar French fashion was a Dior cocktail 
ensemble from 1958 by Yves Saint Laurent 
that sold for $17,250 — 10 times its estimate. 


□ 


Prince Albert of Monaco has been given 
another title: fellow of the Boston University 
libraries. He joins luminaries past and present, 
from Isaac Asimov and Gene Kelly to Cleve- 
land Amory and Cliff Robertson. The li- 
brary's $52 million special collection in- 
cludes the world’s largest compilation of 
Hollywood memorabilia and the papers and 
mementos of Fred Astaire, Ella Fitzgerald, 
Bette Davis, Edward G. Robinson, Joan 
Fontaine, Janet Gaynor, Gene Kelly, 
Myrna Loy, Rex Harrison and others. 


□ 


Barbara Bush, the wife of former Pres- 
ident George Bush, has a message for young 
women: Do as I say, not as I do. While no one 
batted an eye when she gave up her early 
dream of becoming a nurse and left Smith 
College in 1944 to marry the future president. 
Mrs. Bush told students at Columbia College 
that things were different now. “Don’t do 
what I did. Stay in school,' ’ she said. “Study 



Hccfct MiO«.'Agci»T Frame- P ick 1 

HITCHCOCK STAMP — Pat Hitch- ¥■ 


cock, left, the filmmaker’s daughter, i 
posing with Janet Leigh at the unveiling, j 


hard, work hard, play hard, too.” Mrs. Bush, 
speaking at the dedication of 


ication of the Barbara Bush 
Center for Science and Technology at die 
women’s college, added that she had become 
“a computer junkie.” “I dabble in Microsoft, 
check my e-mail and even surf on the Net 
occasionally,” Mrs. Bush joked, adding that 
she was “afraid to go into the chat room.” 


taken ha to run the Pentagon.” For many 
women at the paper, ha appointment was 
particularly pleasing. “This is a very male 
place,’ ’ said JoAnne Washerman, a reporter. 
“It has a very male identity and history. So 
this was a groundbreaking moment,” 


□ 


Sheikh Mohammed Said 


□ 


Debby Krenek, 4 1 , has been named editor- 
in-chief of The Daily News, the first woman in 
the 77-year history of the New York news- 


pager to be given jhe to|j> newsroom position. 


A Texas native, Krenek came to The Daily 


^ „ — Tantawi, 

bgypt s top Islamic authority, has said the 
writer Salman Rushdie should be “punished 
but not killed” for insulting Islam, the Egyp- 
tian A1 Akhbar daily reported. The late Iranian 
leader Ayatollah Ruhollah Khomeini had 
issued a decree in 1989 that Rushdie should 
die for defaming Islam in “The Satanic 
Vases.” 


i 

■Oi 


News in 1987 and rose steadily through the 

rZu 


’s owner, Mortimer Zuck- 


All the merchandise is from Portugal' — and it’s in 
stock. There’s something about the European ar- 

tieAn t+1 nfr « mik ** 


tisan that intrigues me.’ 


ranks. The 

erman, said that while he was proud to name 
the first female editor-in-chief. Krenek ’s 
qualifications, not ha sex, were the basis for 
his decision. “Give ha anything to do, no 
matter how complicated, and she gets it done 
— no muss, no fuss,” Zuckerman said. “If I 
needed to ran the Pentagon, I would have 


□ 


The Free University of Berlin is offering a 
course on the “myth” of Diana, the uni- 
versity said. The course consists of 12 con- 
ferences on the theme, ‘ 'Myth and politics — 
R* ana ' 5?? 1 ^ Princess of Wales to the 
Queen of Hearts.” Professors will dissect ha 
legendasamwlem icon and as the “angel of 
death of the British monarchy. 



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Austria *o 

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fimnaij 

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InH amio 

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Itaty* 

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Swto. 

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HUULfc E«3T 

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