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INTERNATIONAL 



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The World’s Dally Newspaper r 


PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 


London, Thursday, September 25, 1997 


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Forest Fires Across Indonesia Blot Out the Sun 


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Maze Over Region 
Blamed in 2 Deaths 

Reuters 

JAMB I, Indonesia — Night comes 
early to Jambi these days as thick smog 
from fires on Sumatra island blanks out 
die son over the town. 

By mida/temoon Wednesday. Lhe sky 
was as dark as Late dusk. Some shops 
remained closed, and people walked the 
streets with white surgical masks to pro- 
tect themselves from the choking haze. 

The airport buildings were empty, 
with only two commercial helicopters 
parked on the tarmac. The runway was 
invisible through ihe haze and was not 
open to flights. 

The fires that have caused health 
alarms in Singapore, Malaysia, Brunei, 
southern Thailand and the southern Phil- 
ippines were clearly visible on the 300- 
kiiometer (190-mile) drive to Jambi, 
capita] of the province of the same name, 
from the capital of Sumatera Selatan 
Provioce, Palembang, where the haze 
Wednesday was lighter. 

In places, the road was lined with the 
burned skeletons of trees. Elsewhere, 
flames from several big fires leaped into 
the air, jumping through trees and brash 
dried out by the droughr thar has hit the 
Indonesian archipelago. 

The official death toll from the fires 
throughout the region is two. while 
schools and factories have been forced 
to close and the t/.S. Embassy has ad- 
vised employees to leave Malaysia if the 
smog makes* them sick. (Page 6.) 

More than 32,000 people on Sumatra 
and Borneo islands have suffered res- 
piratory problems, and doctors have re- 
. ported numerous eye infections. 

. Tire worst fires so far have been re- 
ported in eastern and southern Sumatra, 
Kalimantan on Borneo island and in the 
remote province of Irian Jaya on New 
. Guinea island. 

= . - Many of the fires have been attributed 
4o forestry and plantation companies and 
anall farmers using slasb-and-bum 
techniques to clear the land ahead of the 
monsoon rains — which are badly 
delayed this year by the El Nino weather 
phenomenon in the Pacific Ocean. 

See HAZE, Page 6 






Streetlights barely 
illuminating 
Kuching, the capital 
of Sarawak state on 
Borneo, on 
Wednesday night as 
haze from forest 
fires in Indonesia 
settled across the 
region. Two deaths 
have been attributed 
to the fires, with 
schools and factories 
closed. Farmers are 
accused of starting 
the blazes, while a 
delay in the 
monsoon rains lets 
them burn on. 




loieroMiunoJ Herald Tribune 




No. 35.635 


AlgerianCiierrillas 
Call for Cease-Fire 

Islamic Salvation Front Wing 
Says ‘ Combat ’ Will End Oct. 1 


By Roger Cohen 

Xtv York Tunes Sen tee 


Conviction of 2 Nurses Stirs British- Saudi Crisis 


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By Youssef M. Ibrahim 

Net* Yuri Tunes Service 


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- LONDON — A possibility that a British nurse 
could face beheading in a murder case in Saudi Arabia 
and the sentencing of a second British nurse to prison 
and 500 lashes touched off a serious diplomatic crisis 
between Saudi Arabia and Britain on Wednesday. 

The case brought into (he open fundamental dif- 
ferences between Islamic and Western societies and 
has aroused nationalist sentiments in Britain. 

In addition, it has landed the Labour government of 
7? WyPrime Minister Tony Blair its first diplomatic dispute 
W since it came to power in May. 

The two nurses, who are charged with murdering 




and robbing an Australian colleague in December, 
were rebuffed Tuesday on their appeal to a higher 
religious coiitl 

Saudi officials and lawyers for the nurses confirmed 
that one nurse, Deborah Pany, 38. had been sentenced 
to death for the murder of Yvonne Gilford, 55. 

A second nurse, Lucille McLauchlan. 31, charged 
as her accomplice in the case, was sentenced to eight 
years in prison as well as 500 lashes. 

Both nurses have yet to exhaust all appeals, Saudi 
officials said. But in a defiant mood fed by criticism of 
the Saudi justice system, several senior Saudis said in 
interviews Wednesday that the sentences would be 
carried out if confirmed. 

The case was further confused Wednesday when a 


Saudi lawyer for the nurses, Salah Hegeilan, said the 
victim's brother had signed a $1.2 milli on agreement 
to drop a demand for a death sentence. 

Unaer Islamic law, if relatives of the victim are 
willing to relent on demanding a death sentence, and 
instead accept financial compensation, the death sen- 
tence is rescinded. 

The lawyer was quoted by news agencies as saying 
that an agreement with the victim’s brother, Bank 
Gilford, * ‘was signed one week ago — $500,000 for an 
Australian children hospital and the rest for him.” 

But lawyers for Mr. Gilford, who .lives in 
Jamestown, 120 miles north of Adelaide, denied tbe 

See NURSES, Page 6 


PARIS — The military wing of the 
Islamic Salvation Front called Wednes- 
day for a truce in Algeria's civil war to 
begin in one week, instructing its fol- 
lowers to lay down their arms for the 
first time since the fighting began six 
years ago. 

A statement issued by Madani 
Mezerag. the commander of the Islamic 
Salvation Army, ordered all his guer- 
rilla forces "to stop combat operations 
as of October 1. 1997.” In the labyrinih 
of the Algerian conflict, which has 
already taken tens of thousands of lives, 
the call amounted to a desperate gamble 
that a path (o peace exists. 

But it was by no means clear that the 
call would stop, or even reduce, the 
bloodshed. The power of the Islamic 
Salvation Front has fallen since its 
sweeping victory in the first round of 
parliamentary elections in 1991 led the 
army to cancel a second ballot, ushering 
in a desperate civil war. Several Islamic 
guerrilla movements, including the 
hard-line Armed Islamic Group, operate 
beyond the party’s control. 

The military-backed government of 
President Liamine Zeroual, a retired 
general, did not immediately respond to 
the call for a truce. But state television, 
which almost always ignores any state- 
ments by the banned Islamic Salvation 
Front or its allies, showed the statement 
and summarized its contents. 

El Moudjahid. a daily that is close to 
the army, described the appeal as “a 
wise position, even if late in coming, 
which risks being altered or short-cir- 
cuited by those who do not want Algeria 
to mend its wounds and find peace.” 

This commentary, and the extraor- 
dinary fact that both television and radio 
covered the statement in some detail, 
suggested that Mr. Zeroual was broadly 
favorable to tbe call for an open-ended 
truce and that the government was well 
aware that such an initiative was about 
to be taken. 

The statement by Mr. Mezerag urged 
all those “caring for the interests of 
religion and of the nation to rally to this 
appeal” with the aim of “exposing the 
enemy hiding behind the honible mas- 
sacres and isolate the criminal remnants 
of perverse extremists of the Aimed 
Islamic Group.” 

Such a direct appeal from the military 
wing of tbe party whose popularity led 
to a military backlash was a radically 
new departure, a push to change the 
balance of diplomatic forces surround- 
ing the conflict Tbe war has left many 
of Algeria's 28 million citizens feeling 
that they have become hostages to the 
symbiotic dark forces of Islamic ex- 
tremism and military oppression. 

See ALGERIA, Page 6 



France Backs a U.S. Call 
To Keep NATO in Bosnia 


By Brian Knowlton 

International Herald Tribune 




WASHINGTON — Western offi- 
cials appeared Wednesday to be laying 
• the groundwork for prolonging the U.S. 
Ip role in the effort to hring stability to 
' Bosnia-Herzegovina. 

A top French official seconded a call 
by President Bill Clinton’s national se- 
curity adviser that NATO maintain a 
presence in Bosnia after the scheduled 
withdrawal of U.S. troops in June 1998. 

Foreign Minister Hubert Vedrine, 
speaking at the United Nations, said that 
the nations in tbe peacekeeping force 
“should be preparing themselves for 
some son or follow-up,” involving a 
contingent smaller than the current 
31,000 soldiers. 

Hls comments came after Samuel 
Berger, die national security adviser, 
said in a speech that tbe United States 
and the NATO allies should prepare for 
an 'extended stay in Bosnia, bat did not 
specifically call for American troops to 
remain beyond their pullout date. 

“Peace is beginning to take root,” 
Mr. Bager said at Georgetown Uni- 
versity on Tuesday night. “The gains 
are not irreversible, and locking them in 
will require that the international com- 


munity stay engaged in Bosnia in some 
fashion for a good while to come.” 

Administration officials made it clear 
Wednesday that Mr. Berger was not 
setting new policy. Many in Congress 
would oppose such a change. 

Michael McCuriy, the White House 
spokesman, said: “He has not shifted 
the ground cm the president’s deter- 
mination to meet the timetable” for 
withdrawing troops by June 30. 

But Mr. Berger emphasized that the 
U.S. commitment to peace and stability 
in Bosnia would not end on July 1 . 

Other administration officials, in- 
cluding Defense Secretary William Co- 
hen, endorsed Mr. Beiger’s comments. 
Mr. Cohen said ‘ ‘the international com- 
munity has a long-term interest” 

See BOSNIA, Page 6 


in 



Poised to Win in Seoul 

Longtime Opposition Leader Is Front-Runner 


Yun Ju Hyoaof/Tte AaocMol Pren 

Kim Dae Jung, 71, going on 55, is 
leading in all polls in South Korea. 


By Nicholas D. Kristof 

New York Times Service 

SEOUL — It was on the grounds of 
the sprawling presidential mansion 
here that government officials hatched 
successive plans for eliminating their 
enemy, fust by killing him in a car 
accident, then by drowning him in the 
ocean and finally by having him ex- 
ecuted by hanging. 

But the presidential staff in those 
days was more persistent than effi- 
cient, and none or these plans worked. 
And so the next occupant of the pres- 
idential mansion may be that onetime 
enemy, Kim Dae Jung. 

Mr. Kim, who would presumably 
bring a new staff of aides to the man- 
sion, has been an opposition leader in 
South Korea so long that it is difficult 
to conceive of him as president 


He is still lame from the first attempt 
to assassinate him, when a truck 
crashed into his car and killed his 
driver, but if the polls are right, Mr. 
Kim may soon be able to limp up tbe 
great central stairs of the presidential 
mansion and claim it as his own. 

A somber man with a thickening 
■ middle but a frill head of jet black hair, 
a fiery orator one moment and a patient 
statesman the next, Mr. Kim is con- 
sistently leading in all the opinion 
polls for tbe presidential election in 
December. To everyone's surprise — 
except his own — he is widely re- 
garded as enjoying by far his best 
chance ever of leading the country. 

A victory by Mr. Kim would be a 
landmark for South Korea and East 
Asia as a whole, marking the first time 

See KIM, Page 6 


Tbe AitfccUted Pkb 

A survivor of the attack Tuesday 
near Algiers in which 200 died. 


Yeltsin Talks 
Of State Role 
In Economy 

Rampant Capitalism 
Is Finished, He Says 

■ By Daniel W illiams 

Washington Past Service 

MOSCOW — President Boris 
Yeltsin declared victory over the past on 
Wednesday. 

“A return to the past is no longer 
possible.” he said in a keynote address 
to the Federation Council, Russia's up- 
per house of Parliament “It is clear that 
a free economy has firmly established 
itself in Russia.” 

‘ ‘The question is,’ ’ the Russian pres- 
ident added, “to what state and what 
society will the free economy lead us. 
This is one of the most difficult ques- 
tions.” 

And he provided part of the answer, 
suggesting that the era of laissez-faire 
capitalism, a battering ram in ending 
Communist rule, was at an end. 

“From tbe policy of noninterfer- 
ence.” Mr. Yeltsin said, “we are res- 
olutely going over to a policy of pre- 
emptive regulation of economic 
processes, control over vitally impor- 
tant sectors and efficient spending of 
budget money.” 

With his speech, Mr. Yeltsin laid 
down outlines for a shift to a settled, 
governable Russia from the shattered one 
that he helped bring into being five years 
ago. Reform roust take second plaice to 
performance, he asserted. 

‘ ‘I would like to remind all structures 
of government once again that global 
reform should not overshadow ordinary 
day-to-day concerns like taking in the 
harvest, paying wages and pensions on 
time, preparing for winter and so on,” 
he said, ui tbe final analysis, he added, 
political and social stability in the coun- 
try depends on the solution of everyday 
problems. 

Verbally, at least, it was a new Mr. 
Yeltsin. In his first months and years in 
office, he established an electoral de- 
mocracy, freed prices, sold off state 
enterprises at low bids, left businesses to 
sink or swim on their own. invited re- 
gional leaders to “grab” as much sov- 
ereignty as they wanted, permitted Rus- 
sia's vast military-industrial complex to 
whither, lost control of tax collection, 
let corruption flourish, was unable to 
pay government wages on time and 
largely turned his back on social wel- 

See RUSSIA, Page 6 


$9.5 Billion Deal Creates Finance Giant 


By Mitchell Martin 

International Herald Tribune 


% 


Newsstand Prices 


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Cyprus C £1.00 

Denmaik _..14,00 DKr 
Rntand — 12.00 FM 

Gtoraflair. £0.85 

Britain. ...£0.90 

Egypt £E 5J50 

Jotoan: 1.250 JD 

*wya -K.SH. 160 

— 700 FIs 


MaRa 55 c 

Nigeria —125,00 Naira 

Oman 1.250 OR 

Qatar 10.00 OR 

Rep. Ireland. JR* £ 1.00 
Saudi Arabia — 10 SR 
S. Africa. ...R12 + VAT 

10.00 Dh 

US. Mil (Eur.J _..S 1.20 

2knbatMe...-ZbnS3a00 


A is? 



39 



805049 


NEW YORK — Extending a wave of 
consolidations on Wall Street, Travelers 
Group Inc. said Wednesday it would 
acquire the bond-trading powerhouse 
Salomon Brothers Inc. for about $9.5 
billion in stock. . . 

Salomon, whose strengths are in in- 
stitutional finance and t ra ding strategies 
that risk its own cash, would be merged 
with Travelers’ more staid Smith 
Barney Holdings Inc. brokerage house 
to foim Salomon Smith Barney HoJd- 

^TTie companies said the combined 
concern would be the tfaird-Iargest un- 
derwriter of srock issues and the second- 
largest underwriter of U.S. bonds, based 
on 1996 data. But the deal is more 
notable for the way it links each com- 


pany’s strong points than for the ab- 
solute size of the resulting operations. 

There has been a wave of consol- 
idation in the American financial-ser- 
vices industry this year. One recent am- 
algamation was the takeover of Morgan 
Stanley Inc., which like Salomon had a 
strong international institutional busi- 
ness, by Dean Witter, Discover & Co., 
which like Smith Barney, had signif- 
icant retail operations. 

That deal followed shortly after Sa- 
lomon itself forged an alliance with the 
mutual- fund sponsor and discount 
brokerage Fidelity Investments as a way 
to get the stocks and bonds it under- 
writes directly to individual investors. 

Travelers has been built up from the 
financial-services divisions of what had 
been American Can by its chairman, 
Sanford Weill. Many of Salomon’s op- 
erations are complementary to those of 


Smith Barney, especially its interna- 
tional institutional finance and bond- 
trading capabilities, according to Perrin 
Long, an independent securities-in- 
d us try analyst in Darien, Connecticut. 
He said the deal was “a good fit for 
Travelers and particularly for Salomon 
Brothers.” 

Most of die major credit-raring agen- 
cies agreed, saying that they might up- 
grade Salomon's credit to reflect tbe 
acquisition. Salomon’s bonds are con- 
sidered investment grade, but in the 
lowest categories, while Travelers’ ob- 
ligations are more highly regarded, car- 
rying double- A ratings. Because Trav- 
elers is paying for Salomon with its own 
stock, it will not have to borrow money 
for the takeover. 

Mr. Weill's style is more conserva- 
See DEAL, Page 6 


AGENDA 


| The Dollar 1 

New Yortc 

Wednesday O 4 P.M. 

previous dose 

Ml 

1.7728 

1.7936 

Pound 

1.6138 

1.614 

Van 

120.37 

121.505 

FF 

5.951 

6.0286 

Urn 

The Dow 

B 09 HH 

Km 

Wednesday dose 

previous dose 

-63.35 

7906.71 

7870.06 

| S&P 500 1 

change 

Wedresday « 4 P u 

prevkudosa 

-7.45 

844.48 

951.93 

Books 

.... PageS. 



Pages 8-9. 
ages 20-21. 

Sports ... 

Pi 



I The IHT on-line ',vwv;.iht.com | 


Homes Promised 
To West Bank Jews 

EFRAT, West Bank (Reuters) — 
Prime Minister Benjamin Netanyahu 
vowed Wednesday to sink Israeli roots 
deeper into the West Bank, defying a 
U.S. appeal for a “time-out" in the 
expansion of Jewish settlements. 

He promised Jewish religious teen- 
agers in Efrat that his government 
would build 300 more homes in their 
West Bank settlement and others 
throughout lands that Israel has occu- 
pied since 1967. 

“We are building in Judea and 
Samaria,” Mr. Netanyahu told the hun- 
dreds of youngsters, using the biblical 
names for the West Bank. “And we are 
building in Efrat.'' 


& 


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INTERNATIONAL HERALD TRIBUNE, THURSDAY, SEPTEMBER 25. 1997 

PAGE TWO 




Behemoths That Bump / Sport Utility Dangers 

Light Trucks: Mayhem on Wheels 


By Keith Bradsher 

Afar York Times Sen** 


D etroit — Albert and 

Marianne Hasson were 
driving their Chrysler Con- 
corde through Merrick, 
New York, last spring to pick up their 
3-week-old son when a Chevrolet 
Suburban, one of the largest family 
vehicles built in the United States, 
slammed into their car at an inter- 
section The Suburban s high front 
end pushed in the driver’s side door, 
hitting Mr. Hass an in the chest. He 
died quickly of internal bleeding. 

The ‘i .000- pound (2.250 kilogram ) 
sport utility vehicle shoved the 3,300- 
pound car. a midsize family sedan, 
sideways for 50 feet c 15 meters) until 
the other side of the car was crushed 
against a tree, blinding and critically 
injuring Mrs. Hasson. The driver of 
the Suburban was not injured. 

Crashes like this one — in which 
the police accident investigator .said 
the Suburban’s weight and high from 
end essentially killed Mr. Hass an and 
worsened Mrs. Hassan's injuries — 
are becoming more common. The 
number of collisions between a car 
and a light truck — a sport utility 
vehicle, pickup truck or minivan — 
has been rising steadily. While they 
still make up a minority of two- 
vehicle crashes, these accidents now 
account for the majority of deaths in 
such crashes, and SO percent of these 
deaths are in the cars. 

The problem has alarmed a few 
safety researchers and some insurers. 

"It's something we need to work 
on desperately quickly,” said C. Ad- 
rian Hobbs, the secretary of a new, 
mostly European panel studying col- 
lisions between vehicles of different 
sizes. "If nothing’s done, people are 
going to continue to be killed un- 
necessarily.” 

Yet little has been done, either in 
Washington or Detroit: 

• Seven years after the introduction 
of the Ford Explorer set off a surge in 
sales of sport utility vehicles, federal 
regulators have not performed a crash 
lest to determine what happens when 
those vehicles and pickups of similar 
design hit a car. Such tests could be a 
first step toward requiring automakers 
to make light trucks less dangerous to 
other vehicles. 

• Most of the federal money des- 
ignated to study crashes between dif- 
ferent sizes of vehicles has been spent 
instead on air-bag safety studies in 
each of the last two fiscal vears. This 


was because of an outcry over reports 
that 82 children and short adults have 
been killed by the devices. Yet federal 
accident statistics show that collisions 
between light trucks and cars now kill 
that many people in cars each week. 

• Automakers in the United States 
have paid little attention to the prob- 
lem. Engineers at the automakers say 
they work mainly on protecting the 
occupants of the vehicles they design 
and have no formal procedures for 
calculating and reducing the risk to 
occupants of other vehicles. 

• The automakers play down the 
risk to people in cars posed by much 
heavier pickups and sport utility 
vehicles. Yet in fighting federal reg- 
ulations intended to make new cars 
more fuel efficient, they have warned 
against building lightweight cars be- 
cause they would be much more dan- 
gerous in crashes with vehicles 
already on the road- 

• .American car makers have 
largely ignored how the design of a 
vehicle may affect other vehicles in a 
crash, contending that it is weight 
difference, not design, that determines 
who lives and who dies in crashes. Yet 
research in Britain has found — and 
the top safety official for the Amer- 
ican auio manufacturers’ trade group 
agrees — that sport utility vehicles 
and pickups are particularly deadly 
when they- hit a car in the side because 
they ride higher off the ground and are 
more likely io strike the occupant of 
the car in the head and chesL 

Crashes with light trucks, partic- 
ularly pickups and sport utility 
vehicles, are especially deadly for 
people riding in the small, fuel-ef- 
ficient cars that have been produced 
over the last quarter-century in an 
attempt to reduce gasoline consump- 
tion and pollution. And pickups and 
sport utility vehicles pose an even 
bigger threat for the extremely fuel- 
efficient. 2.000-pound family cars 
that automakers say they will build 
early in the next century. 

Highway safety groups have also 
largely ignored the issue, focusing on 
air bags, fuel-tank safety and other 
concerns. Indeed, safety expens and 
automakers in Europe, where there are 
many small cars, have been doing 
more about the dangers of light trucks 
than their American counterparts, 
even though sport utiliry vehicles and 
pickups are less common. 

The German equivalent of the 
.American Automobile Association 
performed a crash test in 1993 that 
involved a nearlv head-on collision at 


31 miles an hour between a 2,400- 
pound Volkswagen Golf and a 4,800- 
pound Nissan sport utility vehicle. The 
Nissan rode up over the Volkswagen’s 
hood nearly to the base of the Golfs 
windshield; the crash dummy in the 
Golf suffered head injuries that meas- 
ured 3,177 bn a scale for which read- 
ings above 1,000 are considered fatal. 

Partly in response to that test. Mer- 
cedes-Benz has designed its new sport 
utility vehicle to reduce the damage to 
cars. 

But it is the Big Three American car 
makers — General Motors, Ford and 
Chrysler — that make 86 percent of 
the nation’s light trucks and all of the 
biggest sport utility vehicles. Those 
vehicles are their most profitable mod- 
els; Ford earns as much as 5 14,000 on 
each of its biggest sport utility 
vehicles, the 5 , 2 00 -pound Expedition 
and the similar 5,600-pound Lincoln 
Navigator. In fact, the Big Three earn 
their entire profit on light truck sales, 
barely breaking even on cars. 


Consequences of a Collision 

Collisions involving a car and a Gght truck IBce a sport utiWy vehicle stiB make up a 
minority of two-vehicle crashes but now account for the majority d deaths in those 
crashes, and 80 percent of these deaths are in the cars. Scans researchers say fight 
trucks are dangerous in such crashes because they weigh more anp because they 
ride higher off the ground. 



O 


F COURSE, sport utility 
vehicles and pickups do not 
cause accidents; people do, 
when they drink, speed or 
otherwise show poor judgment Ex- 
ecutives at Detroit automakers are 
quick to point this oul They also note 
that light trucks are a lot smaller than 
some other vehicles on the road, like 
tractor-trailers. 

"Even if you're driving a tank 
down the road, you could always get 
hit by a locomotive.” said Robert 
Purcell, GM's director of advanced 
technology. 

The automakers contend buyers 
need vehicles that ride high so they 
can drive off paved roads. In fact, few 
buyers use light trucks this way. Ac- 
cording to an inremai memorandum, 
the Big Three found in a joint 1995 
study that only 13 percent of sport 
utility vehicles were driven off-road. 
18 percent of pickups were and no 
minivans. 

Most of all, auto executives say 
they are simply building the vehicles 
that Americans want. And the sales 
figures bear them oul Nearly 7 million 
vehicles or 44 percent of allautos sold 
last year were light trucks, compared 
with 16 percent in 1971. The fastest- 
growing sales are for the biggest light 
trucks; almost 3 million of those sold 
last year weighed more than 4.000 
pounds. Sales of the biggest sport util- 
ity vehicles have quintupled in six 
years, while the overall auto market 
has grown only 23 percent 


Germany 's aqujvaJent of the American Automobile Association performed a crash 
test in 1993 that involved a nearly head-on collision at 31 mph between a 2.40G- 
pound Volkswagen Golf and a 4,8CQ-pound Nissan sped ussty vettida. 71 k c rash 
dummy in the Goff suffered head injuries that measured 3 , 177 on a scale for which 
readings above 1,000 are considered fatal. Partly in response to that test 
Mercedes-Benz has designed its new sport utility vehicle with features to reduce the 
potential damage ft might do to cars in collisions. 

The Risk of Being Killed ^ 

vehicle twice its weight, the J 13 ^ mxa 

driver of the car is 13 times as f 

Bkely to be killed as the driver U j?* ”"*** ”* .£... 

of the heavier vehicle, SKra toiled / ‘ Cftevrote; Tahoe; 

according to an analysis by a f„ each w ■ ■ <=***- Yukon; 

GM researcher of records for g heevfer-vehide i Lirzdn Navigator 

nearly 40.000 deaths in car-lo- ~ M 93 

car crashes. (The company m *. colfislon / . 

has used such calculations to ^ 

oppose federal fuel-economy _Z . 

standards that would require / 

lighter cars.) ■§■ 

/ GSdC Sierra 

The chart at right shows how _5 My - pfcfcpM 

differences in weight affect the V Chevrolet B uzbt 

nsk to drivers. Highlighted are Uncotn Town Car 

examples of the number of 3 i 3.4 

drivers of a 2.900-pound car — -w- ■ - 

like a Honda Accord who M- •*. — ■ ■ w. - Chgvrde* Ventura 

would be kilted for every driver ■ mud-van 2 A 

killed in various heavier _j jjy 

vehicles in collisions. For 

example, in a crash between £ ■ 

an Accord and a Chevrolet ? .3 15 z_o 

Suburban, the Accord driver Sarre Twice as 

would be 1 3 times as likely to weigh: heavy 

die as the Suburban driver. Rato ct weigh; cf heavier veUitie tc weight 

cf a loiter vehicle See the Honda Accord 

Ssurses: Gera nL r.rcus a ctc* ope- rsoass cars ■: .■/ssaou U-^tray Tean= Safety A±z -j ex: an (mrgts s.i 


Just as it is hard to prove that any 
one victim of lung cancer acquired it 
through smoking, it is hard to prove in 
any specific crash that the people in 
the car would have fared better if hit 
by another car instead of a light truck. 
And just as the main evidence for the 
harm of cigarettes lies in studies of 
thousands of smokers, the best ev- 
idence for the problems created by 
light trucks lies in statistics on thou- 
sands of crashes. 

More .Americans (5,447 last year') 
now die in crashes involving a car and 
a light truck than in crashes involving 


Tki Ns*- Ycifc Tines 

two cars (4,193), federal statistics in- 
dicate. Thai is the case even though 
there are twice as many cars as light 
trucks on the road and even though 
car-to-car collisions remain more 
common than car-to-light-mick col- 
lisions. 

One big insurer. Progressive Corp., 
in Cleveland, has already raised li- 
ability premiums for sport utility- 
vehicles and large pickup trucks after 
an analysis determined that medical 
bills for people hit by these vehicles 
were unusually high. Other insurers 
are considering similar moves. 


DEATH NOTICE 


TRAIN A, 

NICHOLAS JOHN STEEL 

In San Francisco. September 20. 
1997 after a long-time struggle with 
a lifetime illness and a valiant fight 
to the end. of an accidental 
overdose. Son of Danielle Steel 
Traina and John A Traina, Jr. of Son 
Francisco. Nicholas was 19 years 
Old (1 May 19781. He graduated 
from Town School and the 
Woodskte International School and 
for the past 2 1/2 years was the 
lead singer, lyricist and manager of 
the rock band. Link ‘80 which had 
gained considerable acclaim 
nationally and internationally, 
mostly among teenagers. His CDs 
and video's were being distributed 
internationally. A month ago he 
started a new band of his own, 
"Knowledge". Nick Traina was the 
bright sur of his family and will be 
greatly missed by all. He is survived 
by bis parents, his eight siblings: 
Samantha, Victoria. Vanessa, Maxx, 
Zara, Trevor and Todd Traina and 
Beatrix Seidcnbcig. 

Friends arc invited for Visitation, 
Tuesday. S eptem ber 23rd from 
pm at HA15TED N. GRAY-CAREW 
& ENGLISH, 1123 Sutter St.. San 
Francisco and to attend the Funeral 
Service on Wednesday, September 
24th at 3:30 pm at Grace Cathedral 
Episcopal Church, 1100 California 
St., San Francisco, CA. Interment 
private. Flowers or charity of your 
choice. 


Correction 

Because of an editing error, 
the web address for Senator 
John McCain's site on pork 
barrel-politics was missing a 
tilde. The correct address is 
www.senate.gov/~mccain. 


TRAVEL UPDATE 


Offshore 

Companies, Trusts 
Tax Planning 


EXAMPLE INCORPORATION FEES 



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BA Puts Pressure 
On Regulators 

LONDON (Bloomberg) — 
British Airways says it will sus- 
pend services from Glasgow to 
New York and Boston because 
regulators are taking too long to 
approve its planned alliance with 
American Airlines. 

Turning up the heat on regu- 
lators to approve the linkup, Brit- 
ish Airways also warned that it 
might drop other long-haul routes 
from regional British cities with 
low demand if the carriers failed to 


get approval. British Airway's un- 
usually direct appeal called on 
• "regional communities through- 
out Britain” to support the alli- 
ance. saying it could keep unprof- 
itable regional services afloat only 
with the help of extra U.S. pas- 
sengers generated by American 
Airlines. 

Lufthansa to Cut 
Some Short Flights 

FRANKFURT (AFP) — 
Lufthansa will discontinue a num- 
ber of domestic short-haul flights 


where the airline is losing money 
because it does not plan to com- 
pete with high-speed trains, the 
company's president, Juergen 
Weber, said in an interview to" be 
published Thursday. 

Flights from Cologne, Stuttgart 
and Nuremberg to Frankfurt will 
be stopped as soon as the German 
railroad company. Deutsche Bahn, 
has set up high-speed rail links 
between the three cities and Ger- 
many’s principal airport, Mr. 
Weber said. 

The European Commission on 
Wednesday ruled out going back 


on a derision to scrap duty-free 
sales within the European Union in 
mid- 1999. (Reuters l 

Travel agents from the Neth- 
erlands are moving their annual 
convention to the Israeli resort of 
Eilat on the Red Sea from Jeru- 
salem because of fears of bomb- 
ings. an Israeli spokeswoman said 
Wednesday. (Reuters) 

Central Vietnam provinces 
have been told to prepare for storms 
and flooding as a typhoon moves in 
from the South China Sea, a relief 
agency said Wednesday. ( Reuters I 


Russians Vow. 
To Stay on Mir ? 
Even if NASA 
Decides to Quit 


Realm ' f ' 

MOSCOW —Russia will continues 
operate (he Mir space station in orbit 
even if the United States decides ntifto 

send a replacement astronaut to jpiathe 
crew this week, a Russian space aaenev 
official said Wednesday. J ‘ 7 

"The two cosmonauts who woitid 
remain are fully able to continue^ 
station's work," said Anatoli Tkad&y 
a spokesman for Moscow’s span# 
agency. “The station will keep jjyT 

**^The U.S. National Aeronautics jmd 
Space Administration bailt up suspense 
about its future involvement with Mir 
delaying a decision on whether to send 
David Wolf, a physician astronaut, Mo 
orbit at the end of this week to reolace 
Michael Foale. _ 

At Cape Qma vend, Florida, two US 
safety reviews are likely to' find Mb 
safe, which would clear the way forlhe 
launching of a new American, to the 
orbiting outpost, sources fanning 
the reports said. * 

The NASA administrator, . Datfiel 
Goldin, was to receive the two inde- 
pendent safety reports late Wednesday 
before making a decision whether 1 to 
send Mr. Wolf to Mir on the- shuttle 
Atlantis. ' 

A review led by a former Ge mini Wj? 
Apollo astronaut, Tom Stafford, would 
not raise any serious concerns abonrthe 
safety of Mir, a member of foe inquiry 
board said. % 

A second report, by a raffled 
aerospace executive, A. Thomas 
Young, is likely to concur with the 
findings of the Stafford team, he ssfid. 
"The facts will remain the same.**' : 

On board Mir, Mr. Foale and his tiro 
Russian colleagues repaired an air fitter 
that removes carbon dioxide fromihe 
spacecraft. The filter system had b&n 
out of action for two days. . . . 

Yuri Skursky, deputy bead ofjhe 
Mission Control analysis grotip>saidthe 
Mir crew continued to carry out repairs 
Wednesday, adding that die spaceship 
would be "completely safe” for a niw 
astronaut. ' 

"Things could deviate from normal 
because of instability in thb computer, 
but we know how to react to them,” he# 
added. ■ ! 

On Monday, the aged computer bn 
the spacecraft broke down for die third 
time this month, sending die craft spin- 
ning in orbit, losing -the- constant ori- 
entation on die sun that is peeded’io 
charge the batteries of the electrical 
system. V : * 

The crew members succeeded in fix- 
ing the problem within a day.bot they 
are awaiting the anival of. the U;S. 
shuttle to bring up a new and more stable 
replacement computer. ! 

Mir collided with a resupply ship 
during a test docking on June 25, forcing 
the crew to seal off one of the station's 
punctured modules and causing a cut- 
back in electrical power from the mod- 
ule. ; 

Since then, Mir has performed- a 
shaky high wire act in space, often in 
dire straits but always recovering frqm 
the brink of disaster as its computer and 
life support systems collapsed re- 
peatedly. 

The At lantis is scheduled to blast off 
Thursday night from Cape Canaveral 
and will dock with Miron Saturday if all A 
goes according to plan. ! r 


Tm worried 
about the kid, 
honey!" 


"Don r t 1 worry, I've got him covered!" 



WEATHER 


Europe 


Forecast for Friday through Sunday, as provided by AccuWealher. 


Asia 


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INTERNATIONAL HERALD TRIBUNE, THURSDAY, SEPTEMBER 25, 1997 


R4GE3 


THE AMERICAS 


Paul Bunyans in Scuba Gear Find Fortune in Century - Old Logs 


v*J£r-. 

5 : s,a,,on ^ 

r N ^lOi\al Ah, ' 

Phys,ci an 

:1c. «*! bi£ 


By Dirk Johnson 

Ate*- York Tmn Service 

ASHLAND. Wisconsin — Russel sunlight 
skips across Lake Superior. Ihe last waltz of a 
^ fading summer, as a scuba diver descends toward 
■Tj pile of ancieat oak logs. They are sunken 
' c ifemnants of a vast virgin forest, felled in a 
lumber-boom frenzy, then lost and forgotten for 
a century. 

• . "Jackpot!” exclaims the diver. Jeff Pet- 
.;-rouski, 24. speaking to co- workers on the crew 
; , boat via voice linkup after discovering timber cut 
-..■up to a century or more ago. 

From the Civil War to World War I. when 
lumberjacks largely denuded the rugged north 
i,-. \yoods of Wisconsin, logs were often stored in 
floating masses on Lake Superior, and many 
sank. Rather than retrieve the logs, it was cheap- 


er and easier just to cut down more trees. 

But now the .scarcity or old timber, with its 
light grain from slow growth, has made these 
logs sunken treasure. 

The Superior Water-Logged Lumber Co., 
headed by an underwater explorer who once 
madea living searching for shipwrecks, collects, 
dries and saws the limber, then sells it to fur- 
niture makers, artists and makers of strinaed 
instruments. 

“We’ve got a virgin forest at the bottom of the 
Jake." said Scott Mitchen. 39, the president of 
Water-Logged Lumber in this old port town 
noting that millions of old logs could be re- 
covered from the bottoms of oceans, lakes and 
rivers around the world. 

• “Every tree we retrieve is a tree we don’t have 
to cut down.” Mr. Mitchen said. “This is en- 
vironmentally friendly logging.” 


In June, the U.S. Army Corps of Engineers 
and Wisconsin officials approved underwater 
logging in parts of Lake Superior. 

Water-Logged Lumber, which operates in a 
formerly abandoned sawmill that it purchased 
for $1 from this job-starved town, has recently 
starred using sonar to locate the underwater logs, 
which tend to be plentiful near the sires of long- 
vanished lakeshorc mills. 

For now, divers attach bolts with looped heads 
to the logs, which are pulled up individually by 
galvanized wire and loaded onto a barge. The 
company expects to retrieve about 10.000 logs 
by the end of October, when the lake might start 
icing up. 

The operation has orders for $7.5 million in 
timber. 

Starting next year, the company plans to nse a 
crane cm the barge to scoop up a number of logs 


in each operation. The aim is to pull up 20.000 to 
30.000 logs before the weather rums bad. 

The idea for the company came to Mr. 
Mitchen while he was exploring for shipwrecks 
in Lake Superior in the early 1990s. 

In his dives he spotted countless logs. The 
abundance of logs, along with rising limber 
prices, convinced him there was a treasure in the 
water, he said. 

Water-Logged Lumber pays the state of Wis- 
consin one-third of the value of each log. based on 
the current market value of freshly cuT timber. 

After a drying process that takes weeks, the 
old wood is cut and sold for much higher prices 
than new wood, sometimes 10 times as much. 

About a dozen kinds of trees ore retrieved, 
including oak, maple, birch, elm, ash and pine. 
Bird's-eye maple, with its iridescent grain, is 
especially prized. 


While most of the wood goes for furniture and 
craft work, some has been used to make stringed 
instruments, such as a flat-topped acoustic guitar 
that the company is giving to the country singer 
Johnny Cash. 

The company's keenest hopes lie in finding 
wood for exquisite violins. A sample of 300- 
year-old maple has been analyzed by Joseph 
Nagy vary, a researcher and violin maker at 
Texas A&M University, who has compared it to 
the material used by Antonio Stradivari, the 
Italian who made some of the world's finest 
violins in the 17th and 18th centuries. 

“I have not seen anything like this in modem 
times — it’s in the same ballpark as a Stra- 
divarius,” said Mr. Nagyvary, whose research 
indicates Stradivari soaked his wood in water, 
which removed gums and resins — so the lake 
may have cleansed the logs in a similar way. 


Senate to Move on Campaign Funding 

famed by Clinton* Parties Will Debate Legislation Before Break 


By Helen Dewar 

Washington Past Sen ice 


WASHINGTON — Prodded by 
'President Bill Clinton, the Senate put 
* aside bickering and agreed to bring up 
.^campaign-finance legislation before 
. Congress adjourns in November. 

■ Armed with a letter from Mr. Clinton 
.; a threatening to invoke a rarely used pres- 
. Jdendal power to keep Congress in ses- 
sion if Republicans refuse to allow suf- 
Orient time for debate, the minority 
; pleader, Thomas Daschle. Democrat of 
.South Dakota, abandoned his opposi- 
tion to an offer by Senator Trent Lott, 

' the Mississippi Republican who is ma- 
jority leader, to bring up the bill, but 
„ .yrithoat setting a specific date. 

1 ‘If any attempt is made to bring this 
'. bill up in a manner that would preclude 
"sufficient time for debate, I will call on 
.^Congress to stay in session until all of 
. Jhe critical elements are fully con- 
sidered/' President Clinton wrote to the 
/ Republican and Democratic leaders. 


This guarantees that the bill will not 
be squeezed into the final hours of the 
session in early November and trampled 
in a rush to adjourn. Mr. Daschle said. If 
time runs out, Mr. Clinton can simply 
prolong the session, he added. 

The Constitution provides that the 
president “may. on extraordinary oc- 
casions, convene both houses, or either 
of them.” 

While Mr. Lott has refused to set a 
date, he has said repeatedly that he does 
not intend to wait until the lost minute to 
bring up the bill. Other Republicans 
have said Mr. Loti has told them he 
plans to bring up the measure before the 
end of October. 

With Mr. Lon and Mr. Daschle fi- 
nally in grumpy agreement, the way was 
cleared for debate on a bill sponsored by 
Senators John McCain, Republican of 
Arizona, and Russell Fein gold. Demo- 
crat of Wisconsin, that includes a ban on 
unregulated “soft money” donations to 
political parties. 

Under the agreement. Republicans 


will have an opportunity to present an 
unspecified alternative that probably 
will include curbs on the use of union 
dues for political activities. 

But the agreement, reached Tuesday, 
still might not result in up-or-down 
votes on the competing measures. The 
possibility of a filibuster looms if, as 
expected, neither side can muster the 60 
votes needed to force a final vote. 

While Mr. ClintOQ did not spell out 
what would satisfy his conditions, 
While House aides said a vote was a 
minimum requirement “We can't tell 
Congress what to do." said the White 
House press secretary, Michael Mc- 
Curry . “Our Constitution doesn't work 
that way. But we can keep them here 
until there's an adequate time for mem- 
bers of the Senate to be recorded yea or 
nay on the measure.” 

Mr. McCurry and other Clinton aides 
later hedged, however, suggesting that 
any vote — such as a vote to prolong a 
filibuster — would be sufficient to put 
lawmakers on the record. 



Kjnn Cuipci/Thc 4w.i«CilPie« 

Ron Carey, right, leaving with an aide after issuing the denial. 


Away From Politics 

■ The US. Forest Service placed 
Montana's Rocky Mountain Front off- 
limits to future oil and gas leasing, 
settling a two-decade fight between 
energy interests and environmentalists 
over the 100-mile- long intersection of 
plains and mountains that is home to 
threatened grizzly bears and some of 
the nation's biggest herds of elk, big- 
horn sheep and other mammals. (WP) 

• A Vietnam veteran who gunned 

down an off-duty police officer after 
a 1981 robbery was put to deafo by 
lethal injection at a state prison in 
Pitosi, Missouri. (Reuters) 

• The court-appointed officer inves- 

tigating the re-election campaign of 
the Teamsters Union president, Ron 
Carey, removed herself from the case, 
throwing the process into turmoil as 
Mr. Carey denied any part in illegal 
fund-raising for his campaign. Bar- 
bara Zack Quindcl, who was weighing 
whether to disqualify Mr. Carey from 
a rerun against James Hoffa, resigned 
after evidence implicated a political 
party to which she belongs and an 
associate of one of her investigators in 
the case. (AP) 


-•ij 


POLITICAL NOTES 


*3 


.f 


..r 




This Senate Perk 
> Comes in a Package 

WASHINGTON — ■ If the MCI 
Center’s exclusive club-level tickets 
could be bought individually instead 
■ of in a package, it would cost a little 
, over $91 to watch Wizard basketball 
1 or Capital hockey when the newarepa 
opens in December. . ; . 

Abe Poliin, the arena’s owner, 
however, puts a: different price. oh the 
tickets: $48. By doing that, he won a 
ruling from the Senate ethics com- 
mittee this summer that will allow 
senators and Senate staff to take free 
sears from corporations and lobbyists. 
Tbe reason: Senate rules allow any 
gifts that are valued at less than $50. 

Mr. Pollux's spokesman says set- 
ting the value of tbe tickets had noth- 
ing to do with getting under the Sen- 
ate gift ban. But citing the ethics 
ruling, Mr. Pollin’s Washington 
.Sports & Entertainment Center has 
aggressively marketed the club level 
as die perfect opportunity “to en- 
hance existing customer relation- 


checkbooks as the favored costume 
this year. Orange is, after ail, a Hal- 
loween color. 

The Gores have not settled on their 
costumes this year. Safe to say there 
won't be any of the freebie Disney 
characters that caused a fuss two 
years ago. But it's never easy to find 
the right get-up. Maybe they had a 
chance to do some costume-shopping 
in Moscow this week. (WP) 



College Costs Rise Again 

Tuition Fees Are Up 5%, Outpacing Inflation 


club level features a private 
" outside entrance, "extra wide seats 
with cupholders" and “personal 
waitsemce with special .food and 
I s " beverage options,” (WP) 

Gore to Give Media 
I -His Trick or Treat 

: WASHINGTON — The invita- 
; tions are going out soon for Vice 
- President AL Gore's mote-or-less tra- 
ditional Halloween Party for press 
; and families. The event, held every 
’ year but last, is at the vice president’s 
' home on Sunday, Oct 26. 

This is a gutsy move for Mr. Gore, 
l inasmuch as he’s likely to be greeting 
' a sea of saffron-robed reporters with 


WASHINGTON — Paula Jones’s 
former lawyers have put in a bid to 
collect $800,000 in legal fees if she is 
awarded attorneys’ fees in any set- 
tlement or court resolution of her 
sexual misconduct suit against Pres- 
ident Bill Clinton. 

The attorney, Joseph Cammarata, 
said Tuesday that he andGilbert Dav- 
is served notice on Ms. Jones, Mr. 
Clinton and two insurance companies 
that they hold a lien for hourly fees. 

Mr. Cammarata and Mr. Davis 
withdrew as Mrs. Jones's counsel 
Sept. 8 after disagreement with her 
over a settlement. But they are still 
entitled to compensation for the three 
years of work they did on tbe case, 
Mr. Cammarata said in a telephone 
interview. (AP) 

Quote /Unquote 

Cliff May, a spokesman for the 
Republican National Committee, on 
his party's opposition to a U.S. Senate 
challenge to die lone American Indian 
in Congress: “We have had 320 elect- 
ed Democrats who have switched 
parties since Bill Clinton has been in 
the White House. We don’t want 
someone who switches parties, like 
Ben Nighthorse Campbell, to face a 
difficult primary. ’ ’ (NYT) 


. The Associated Press 

WASHINGTON — College 
costs far outpaced inflation in tbe 
United States this fall as die av- 
erage yearly tuition at a state uni- 
versity or college pushed past 
$3,000 and private tuition rose be- 
yond $13,000. 

The College Board’s annual sur- 
vey-found that undergraduate- tu- • 
ition and -fees -at- four-year, insti- « 
tu tions increased an average- 5* 
percent since last year, triple the 
current inflation rate. 

That means families are paying 
$136 to $670 more than last year. 
Add room, board and other ex- 
penses, aod a year at a public col- 
lege costs more than $10,000. 
Costs add up to more than $21,400 
on average at a private schooL 

Increases have run about 5 per- 
cent for the last five years after 
double-digit rises earlier in the de- 
cade. Average tuition has mare 


than doubled since 1976, even 
when inflation is considered. 

Although decrying a fall in stale 
and federal support for higher edu- 
cation. a special panel of educators 
and others reported this year that 
colleges aod universities must re- 
structure and become more busi- 
nesslike. 

- David Warren; president of the 
National Association of Independ- 
ent Colleges and Universities, said 
some of that already has been done. 
And that’s one reason, he says, the 
rate of increase has leveled off at 
about 5 percent and should decline 
by 2001. 

The high-end numbers distort the 
picture, said Donald Stewart, pres- 
ident of the College Board, an as- 
sociation of colleges, schools, uni- 
versities and other organizations. 
More than half the undergraduates 
at four-year institutions pay less 
titan $4,000 for tuition and fees. 


Deserter Avoids Prison Term 


Los Angeles Tunes Service 

CAMP PENDLETON, Califor- 
nia — A 48-year-old Marine Corps 
deserter from the Vietnam era es- 
caped a prison sentence as a mil- 
itary judge gave him a bad conduct 
discharge and permission to return 

to P anada . 

Randy Caudill was sentenced 
after a brief bearing Tuesday that 
summoned up the bitterness and 
division that were prevalent in 
America in 1 968, the year Mr. Cau- 
dill deserted. 

“He made a mistake in 1 968, but 
so did many, many people who 
dodged the draft or deserted.’ ’ said 
Major Daniel Lecce, Mr. Caudill’s 
attorney, as he asked the court for 
leniency. 


Mr. Caudill, wbo has lived in 
Winnipeg, Manitoba, since desert- 
ing, told foe judge that his desertion 
was not a political statement or an 
indication of disdain for tbe United 
States. 

“I was 19 and not very pleased 
by foe Corps at the time," said Mr. 
Caudill. 

Mr. Caudill could have received 
three years in prison on foe deser- 
tion charge, but Marine Corps of- 
ficials did not recommend a prison 
sentence. 

The judge. Lieutenant Colonel 
John Blanche, meted out the bad 
conduct discharge, but foe pros- 
ecutor, Major John Scott, had 
asked for the more severe dishon- 
orable discharge. 



1 M A FUTURISTIC INTERPRETATION OF A LEGEND 
IN MODERN DESIGN. 


About the legendary gold 
dol dial: 

Nathan George Horwitt, the 
artist, conceived of a watch 
without numbers as an 
experiment in pure, func- 
tional and ■'uncluttered" 
design. 





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fm +41 37 329 36 01 


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brings to its readers, the newspaper has a successful and highly-respected worldwide 
summit and conference program that focuses on economic and political issues. 
The program for the second half of 1997 includes: 


■ 

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Bucharest 

October 29-30 

■ 

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London 

November 18-19 

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Gaborone 

JVoi'ewher 18-19 


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PAGE 4 


yf pilNSfegS rihinuL- • - 

INTERNATIONA! HERALD TRIBUNE, THURSDA X SEPTEMBER 25, 1997 

ASIA/PACIFIC 



Fear Reigns as Taleban Enforces Lifes 

x 1 O ets. the Taleban warriors are ever-present Some- 


Past Millenium 


By John F. Bums 

New fort Tmvs Scn-ict — 

KABUL — Nearly a year after the Taleban 
Islamic movement cemented its ^ 

s r , ar«S'i- % T 1g .- 5 as 

Si?* 

a^asr-^SSS 

SSvS r p ^ed e rLon, likegoing to the 

h^nwM^iuired to grow bushy beards and 
alsocame in ton I bewUde^g arr^of 
including taboos on popular pas Dmes ™ P“J 
ing cards, listening to music, keeping p D 

“To^lSTtheir decrees, the Taleban un- 
leashed anarmy of armed enforcers who scoured 


Kabul and other parts of tbras S^destiSSS^L’a^StnlefrDrii with anri- 

^WcheclFandotoconwlsonbe^f ^“% rces t0 ^ nor th. But just as often, 
of a reUgious police force biown “ ^ ®?Zd * militants roam the city seeking target. 
Department for the Preservation of virtue ya c* eti mes these are men seized for beard 

the Elimination of Vice. Taleban their checks, then held in freight containers that sente 

A year after the takeover by the Taleban, centers until they are ransomed by 

unrelenting zeal, reflect^ tn a fr«h^ ^ ^ Sometimes they round up pmfc 

decrees almost every week, to subversives, who are then released to 

despair among most of the million people m they for S ums as high as 51,500. a 

ST •S&SSSSSZi'&t 

,D Ow ...rim, ft, a Weysm aid «- 

SS£ 3 SS«**Sa s^S&rJSS.'EiSS 

arid spring, * v£<£- SI IMe or no attention from the Taleban. 

20 th-century life, including educa except for “inspections" to check ihat no edicts 

en. , . d-—;,* word, wahshat, have been breached. _ 

In the bazaars, an old Persian wo tel j you this, and as a Muslim I never 

meaning a paralyzing sen seot rear, ■* j ]d a thing,” the man said, 

ularly hr conversations .Many p»pk we d be better off under almost any kind 

caught between this fear and an to I min^ __ ^ even Christian 

out, but they quickly plunge back into something ^ fanatics . Most days, i wake 

approaching panic. . thinkinc we'd all be better off dead." 

"God help me if or iS5g Si aSiy P The Taleban have responded to the backlash 

that I spoke to you , said* man r ^ ing ^ ^ most controversial aspect of 

tailor's shop in the city center. y exclusion of women from work 

m ® * pfckup trucksbristling with guns and rock- ami girls from school - will be reviewed once 


the security situation improves. f n.S diplomatic recognition of me 1 aietaiv 

In May, loathing for Taleban clencs naAB&fr . ear* day’s newspaper, he said, he read of - 

ers played a role in an uprising in the northern . ^intoxication with sexuality wfl_- 

city of Mazar-i-Sharif that drove fc WJ effects, including charges against ar^r- 

almost all the way back to Kabul, lolling hun instructors of sexual harassment and npere 

dreds of Taleban fighters and capturing ; 3,000. «»“ 3 g t spe aking English lean«%;- 

Even with the fighting continuing m the norm* t-Aso contrasted this with life for wonWto- 

the Taleban have tightened their repression. the Taleban, which he said respected that. 

Thousands of men aged 15 to 45 have b« ^ him3n rights,” as well as their nature. + _ 
arrested and herded into cramped cells in PuM Western countries, women come out <sft 

Charid Prison, a notorious fortiess built by je m 3QUse5 almost naked, they. go freely; ^ - 

Communists, on suspicion of being infiltrators ... jjiey drink and they dance all Highly f 
for the besi^ng forces- _ _ , . ^ £j d . -And when our^societysays you .. 


for the besieging forces. . 

Foreign reporters have been summoned by tne 
mullahs. 

In interviews, several powerful mullahs re- 
peated earlier pledges to give “a positive re- 
sponse” to their opponents pleas for moderation 
once their enemies in the north, who control 1 0 

^ ■ m • • * ' 2 La... LajUI 


hSS you say we are taking people back to ftcG 
^leadnrof d. f*™SSJS , !a±: 


once their enemies in the north, who control ! 0 The Ahmed Shah Massoud, has saiA- 

of Afghanistan's 32 provinces, toe been de- “^^l^^^capturing the capital wfl3| 
feared But they quickly reasserted the basis for J ™ 

the restrictions on women, saying tibev wctc be tor^ore^m gn to tigh ten ite> 

tn rm»vent Afghanistan from tailing ine wrsnA rhe»ii- 


ieaiea. om uiey quiusay - — 

the restrictions on women, saying they were 
necessary to prevent Afgh a ni st a n from falling 
into the pit of "evil and corruption” that the 
emancipation of women brought to the West 
Sher Mohammed Abbas S ian a kz ai, the acting 
foreign minister, offered a view he said was 
reinforced by a visit he made last year to Wash- 
ington, where he met with top officials of the 


China 


CtmpM i*» Oto SuffFir" DiW»«rSn 

BEUING — China spelled out its 
opposition to a Japan-U.S defense ac- 
cord on Wednesday, while Taipei ap- 
plauded the expanded agreement as a 
positive step toward regional stability. 

South Korea gave a guardedly neutral 
response, urging Washington and 
Tokyo to consult closely with Seoul on 
the new guidelines that give Japan a 
broader military role in any U.S. en- 
gagement in the region. . 

Japanese and American officials in 

* - _ ...mm r-omfiii nnt to 


threats. But a Japanese cabinet official 
said last month that Taiwan would be one 
place where Japan might have to come to 
the support of U.S. military forces. 

“Any act that includes, directly or 
indirectly, the Taiwan Strait in the 
framework of U.S.-Japanese defense 
cooperation is an interference in, and 
violation against. China’s sovereignty.' ' 
a Chinese Foreign Ministry spokesman 
said. “This would be completely un- 
acceptable to the Chinese government 


and the Chinese people, he said. 

Under the guidelines ^iveiled Tues- 
day. Japanese support for any U.S. mil- 
itary operation would be mainly logis- 
tical — access to additional ports and 
airfields — but could also include tasks 
such as reconnaissance, intelligence 
gathering and minesweeping to keep 
international sea Janes open. The 
Guidelines do not say so, but they were 
clearly drawn up with the Korean Pen- 
insula in mind, as well as the potential 
for conflict in the Taiwan Strait. 

“Once again, we would like to point 
out that the main reason China pays 
such areat attention to the orientation of 
Japanese-U.S. defense cooperation is 
the fact that ir concerns the island of 
Taiwan." the Chinese Foreign Ministry 
spokesman said. 

“We hope the Japanese and U.b. 
governments will respect their promises 
on the Taiwan issue." the spokesman 
said, adding that Beijing hoped the two 
allies would “do nothing to undermine 
China's interests and hurt the feelings of 
the Chinese people." 


Seoul Journalists Visit North 


The AsukmmI Press 

SEOUL — Four South Korean jour- 
nalists have arrived in North Korea after 
gaining permission from their govern- 
ment to visit the Communist country, 
officials said Wednesday. 

South Korea approved the journa- 
lists’ trip on the condition that they 
report only on cultural affairs and his- 
torical relics — coverage of the North’s 
severe food shortage or its political situ- 
ation is banned. Seoul also maintains the 
right to censor their reports. 

It was the first time South Korea had 
allowed an individual news organiza- 
tion to send journalists to North Korea. 

The four journalists from Joong-Ang 


Ilbo, a national daily, arrived in Pyong- 
yang, the North's capital, on Tuesday 
via Beijing, according to South Korea s 
Ministrv of National Unification. 

Separated, two South Korean pastors 
from "the Korea National Council of 
Churches also arrived in the North on 
Tuesday to discuss religious cooper- 
ation, the government said. 

South Korea said it hoped to increase 
exchanges with the North as part of an 
overall effort to improve relations. 
Washington and Seoul are trying to 
bring the North to peace talks aimed at 
reaching a formal treaty to replace the 
armistice that followed the 1950-53 
Korean War. 


The spokesman also stressed that the 
decision to strengthen the military al- 
liance was mis-timed, given the stable 
political situation in the Asia-Pacific 
region. 

In contrast. Prime Minister Vincent 
Siew of Taiwan welcomed the devel- 
opment. “As long as the signing coun- 
tries believe the guidelines would ben- 
efit regional stability, the impact should 
be positive,” the Central Daily News 
quoted Mr. Siew as saying. 

Meanwhile, in Seoul, the South 
Kor ean Foreign Ministry called on 
Tokyo and Washington to “maintain 
maximum transparency’’ in operating 
the guidelines. 

“We expea the two countries to con- 
tinue close consultations with us in issues 
related to the sovereignty of the Republic 
of Korea," a ministry statement said. 

But in briefings for local reporters, 
the ministry’s Asia and Pacific affairs 
director. Ryu Kwang Sok. sought to 
allay what he referred to as “concerns 
over an the expanded role of Korea's 
former colonial master. 

“We've again delivered to Japan and 
the United States the concerns among 
Japan's East Asian neighbors that the 
revision may incur the expanded role of 
the Japanese military." the Yonhap 
news agenev quoted Mr. Ryu as saying. 

Normalization of relations between 
Tokyo and Seoul in the mid-1960s was 
met with mass street rioting in South 
Korea. 

Mr. Ryu said that South Korea did 
feel the new guidelines "undeniably 
helped secure peace and stability in 
South Korea, because U.S. troops were 
based in Japan as a back-up for an 
emergency on the Korean Peninsula. 

“In that sense we cannot deny the 
revision of the U.S.-Japanese defense 
guidelines will help,” he said, but he 
added that the ‘ ‘tragic history ' ’ between 
Korea and Japan required a “cautious 
stance." (AFP , AP) 


'iar-SW 






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Thai farmers protested Wednesday as lawmakers haggled in Parliament 


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Hun Sen Threatens 
To Cut Ties to UN 

PARIS — The leader of Cambodia, 
Hun Sen. threatened Wednesday to 
suspend cooperation with the United 
Nations following the organization's 
decision to leave his country's seat 
vacant at the next General Assembly 
session. . . 

At a news conference in Pans. Mr. 
Hun Sen assailed the UN decision, 
saying it was "a violation against the 
Cambodian government and a crime 
against its king." 

Mr. Hun Sen is battling Prince 
Norodom Ranariddh, whom he ous- 
ted in July, for the UN seat and the 
political legitimacy it would confer 
on his government. (AP i 

President in Vietnam 
Gets Rubber Stamp 

HANOI — The National As- 
sembly on Wednesday elected the 
Communist Party's choice for pres- 
ident by an overwhelming majority. 

The new president, Tran Due 
Luoag, was unopposed for the job. 

The secretive selection process was 
conducted last week, and the as- 
sembly vote was little more than rub- 
ber-stamp approval. The 60-year-old 
former deputy prime minister re- 
ceived 440 votes from a total of 444 


voting members, a government of- 
ficiaftold The Associated Press. 

Mr. Luor.g. elected to the Politburo 
Iasi vear. was a political unknown 
who "rose rapidly to one of the three 
lop jobs in the government. (API 

Australian Scandal 

CANBERRA — Two senior Aus- 
tralian ministers resigned abruptly 
Wednesday in a scandal over par- 
liamentary" travel allowances. 

Transport Minister John Sharp and 
Administrative Services Minister 
David Jull were forced to quit after it 
was revealed Mr. Sharp had over- 
claimed almost $6,500 in travel al- 
lowances and secretly repaid them. 
Mr. Jull. who oversees expenses, did 
not report the transactions. (Reuters) 

Protests in Mongolia 

ULAAN BAATAR. Mongolia — 
The prime minister of Mongolia told 
colleges on Wednesday to cut tuition 
and fudging fees after thousands of 
students demonstrated in the streets for 
a second day to protest higher costs. 

M. Enkhsaikhan told officials of 40 
universities and colleges that the gov- 
ernment considered the demand for 
reductions “to be with foundation.” 

About 6.000 students boycotted 
classes and marched through the cap- 
ital in a second day of illegal demon- 
strations. (Reuters) 


I tie laieoan nave r 

restrictions. Women, required to tond »«**- 
selves in head-to-toe garments called bur *&- 
mw risk beatings in the streets for wearing whtttb 
socks long a fashion in Kabul but proscribed*! . 
new sis by Taleban militants who say they are* 
sexually provocative. ■ * 

' 

pi Thai Leader p 
Is Assailed bys 
H Predecessors U 


The Associated Press ■ ■ S.i 

BANGKOK — Two predecessors of 
Prime Minister Chavalit Y ongchaiyudbr 
accused him Wednesday of .pushing? 
Thailand into insolvency and its worst 
economic crisis in decades, as PBriia=>^ 
ment opened a three-day debate char, 
whether to censure him. 

Mr. Chavalit sat impassively as Chuaxbi ■ 
Leekpai and Banham Silpa-archa, two 
former prime ministers, assailed the re?v„ 
cord of his 10-mooth-old government 
But he later accused them of creating 

mess that he had to clean up. >•*. 

The prime minister, whose approval, i- 
ratings have plummeted with the econ- 
omy!" said he was “100 percent" cou-ri 
fident that when the debate ended heJ\ 
would win die confidence vote that is-i, 
scheduled for Friday. . 

. Mr. Chuan, leader of the New Demoua 
crat Party, spent two hours denounckfc , « 
Mr. Chavalit for not averting the ec omi? 
nomic collapse that led Thailand to sedoi< 
a $172 billion bailout from the IwX . 
temanonal Monetary Fund. . •ur 
Mr. Chuan also said the prime nntf- 
ister misled the nation when he pronto; 
ised June 30 that the baht woukUeveU 
be devalued. He effectively djd jtM»* - 
three days later. The baht has sigjW: ; 
30 percent of its value, and the oQuapst 
has triggered a wave of currency ertsfi^ 
across Southeast Asia. ' - " ‘ V ' «* 
Mr. Banham, forced out as pnpoc^ 
minister a year ago when Mr. Chavaht,a 

key ally, ttnned againsthim. accused thev ? 

- - - ihimvina dfw) rTUUKSH 


finance companies sinking under hod' 
property loans. ££ 

Mr. Chavalit responded that Mr^-- 
Chuan and Mr. Banbara had ignored^ 
warnings since 1993 that the economy *«. 
was overheating: “We were-already .aL;’ 
the edge when I took office in Decemba: v 
1996,” he said. “It was clear that ttas. 
economy was in great danger then. 

He said he had “no choice’ but ttr-s 
deny a devaluation of the baht, saying no;.' ^ 
would have caused even greater damage^jp 
had he given advance notice. -■* • 

Although there toe been rumors mas* 
one of his key coalition allies, the Nfc:r. 
tional Development Party of fbnner.,. 
Prime Minister Chatichai Choonhavan, ; . 
might abandon Mr. Chavalit in 
fidence vote, his opponents predicted hen; 
would survive. _ - 

An advantage for Mr. Chavalit is tbaUi 
after the censure vote, Parliament is tftej 
vote on a new constitution that has witteon 
spread public support. If be is censured, 
or his government collapses, the charter - 
would be put on hold, raising the posr^ 
sibitity of a voter backlash against those, , 
who brought down the government < *, j 


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PAGE 5 


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Bosnian Serb Accord 

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BELGRADE — The Bosnian Serb 
president and a rival hard-line leader 
agreed Wednesday on ways to resolve a 
crisis in the Bosnian Seri? entity, the 
stoite press agency, Tanjug, reported. 

President Biijana Plavsic and the 
Sfirfa member of the Bosnian presiden- 
cy Momcilo Krajisnik, met with the 
Yugoslav president, Slobodan Miio- 
s-eyic. They defined joint steps to over- 
coihe the crisis in Republika Srpska, the 
Banian Serb entity, and carry out the 
Dayton peace agreement, the report 

•The accord raised hopes of an end to a 
vl'V’doff between Mr. Krajisnik's hard- 
^fwfere, who are loyal to Radovan Karad- 
zic, a former president and an indicted 
war criminal, and Mrs. Plavsic. A mod- 
erate, she has Western support. 

■The two sides agreed to hold three 
^factions that will essentially decide 
Bosnian Serb loyalties, the press agency 
said. 

Parliamentary elections will be held 
Nov. 15, Tanjug said. Elections for the 
Bosnian Serb presidency — now held 
by Mrs. Plavsic — and the Serb member 
of the all-Bosnia presidency — now Mr. 
Krajisnik — will take place Dec. 7. the 
agency continued. 

Mrs. Plavsic and Mr. Krajisnik also 
agreed to split Bosnian Serb television 
broadcasting, with one side airing its 
views one day. the other side the next. 

Both sides will undertake all nec- 
essary measures to stop all confron- 
tions that lead to a division of the 
^Bosnian Serb substate, said a joint state- 
ment carried by Tanjug. 

'Emerging from the meeting, which 
was convened by Mr. Milosevic. Mrs. 
P&vsic appeared pleased. 

’"President Milosevic had good sug- 
gestions how to resolve some problems 
inrRepublika Srpska," she said. 

"1 think that with parliamentary ejec- 
tions we shall senle the situation." 

"She made no mention of the two other 
elections reported by Tanjug. 

-Mr. Krajisnik, speaking separately, 
said that the agreement would "let the 
people decide which polity will prevail 
inlthe fiiture." 

-Mrs. Plavsic was in Belgrade for the 
first time since she was humiliated by 
ihei Serbian police, who detained her at 
ilia’ city’s airport at the end of June and 
escorted her to the Bosnian Serb re- 
public's border. 

gThe incident flushed into the open the 
** conflict between Mrs. Plavsic and hard- 
liners, including Mr. Karadzic and Mr. 
Krajisnik, whom she has accused of 
bankrupting the republic. 

-The dispute has split Bosnian Serb 
territory in two, with Mrs. Plavsic in 

IP/?'! ■ // n.u-s j u>, ...... O'J- 


charge of the northwest and hard-liners 
in control of most of eastern Bosnia 
from their stronghold of Pale near Sa- 
rajevo. 

Mr. Milosevic's invitation to Mrs. 
Plavsic for talks indicated a weakening 
of his support for the hard-liners. They 
have fought both Mr. Karadzic's ex- 
tradition to the United Nations war 
crimes tribunal in The Hague and every 
stage of the Bosnian peace agreement so 
far. 

An attempt by Mr. Krajisnik and the 
Bosnian Serb prime minister. Gojko 
KJickovic, to mount a virtual coup 
against Mrs. Plavsic in her stronghold of 
Banja Luka this month was foiled by her 
police. 

They forced the hard-liners to flee the 
town in cars after their 70 bodyguards 
were disarmed. ( Reuters . AP) 



BRIEFLY 


L:unJn klhii>tqil) .krarm 


GOING HOME — Ukrainian soldiers at the Donetsk airport on Wednesday carrying (he coffin of one of 
12 miners from Ukraine and Russia who were killed in a methane explosion in a coal mine in Spitsbergen. 


EU Faces Tough Decisions on New Members 


By Barry James 

tnirrnaiimut Herald Tribune 


BRUSSELS — Although European 
Union governments have embarked on 
the process of extending membership to 
up to 11 nations waiting to join the 
world's largest trade Sloe, formidable 
political and economic hurdles have to 
be overcome before they issue a formal 
invitation at their year-end summit 
meeting in Luxembourg. 

In meetings over the next three 
months, they have to decide which 
conntries they will invite to join, and 
how they will stretch their own re- 
sources to pay for the biggest expansion 
in the community's history. 

The process is inevitable, but fraught 
with risks. If all 10 East European coun- 
tries and Cyprus are admitted, it could 
double the number of farmers in the 
European Union and place perhaps in- 
tolerable pressureon the EU's Common 
Agriculture Policy, which already swal- 
lows up much of the community's 
budget m farm aid. 

The enlargement will be paid for out 
of the EU's existing budget. But the new 
members will need large amounts of 
structural aid to enable them to compete 
in a single market embracing 15 nations. 
If the pie remains the same size and there 
are more guests at the table, it means that 
existing members will have to accustom 
themselves to smaller slices. 

That prospect is already producing 
tensions in the EU, with countries like 
Germany and the Netherlands claiming 


that they contribute disproportionately 
to the community's budget while Medi- 
terranean countries like Spain that re- 
ceive large amounts of ELf aid are warn- 
ing that they will not give any of it up. 

The European Commission, the EU's 
executive body, has made it clear that the 
accessions would "affect the budgetary 
positions of all the present member 
states, reducing the positive balances of 
net beneficiaries and increasing the neg- 
ative ones of the others." 

Commission officials said that with or 
without enlargement, the EU faces strin- 
gent financial and budget reforms to shift 
the burden of spending away from ru- 
inous farm support. Another question that 
EU governments have to face is whether 
the structural aid already doled out has 
been wisely spent. Greece has been in the 
economic basement for 20 years, despite 
receiving huge quantities of aid. Spain 
■ and Portugal get not only structural aid — 
so does Germany — but also "cohesion 
funds" to help them prepare for entry into 
the European single currency. 

Should they continue to receive these 
funds indefinitely? The principle is that 
they should eventually catch up with the 
rest of the EU and become net con- 
tributors to the union's budget 

For now, farmers and poor regions 
receive 80 percent of the EU's 80 billion 
Ecu ($87.81 billion) annual budget, leav- 
ing hole for projects such as fighting 
unemployment The commission ’s aim is 
to reduce farm support to about 50 per- 
cent of spending in the next few years and 
increase the funds needed to even out 




BOOKS 


HAND TO MOUTH 
A 'Chronicle of Early Failure 

BvsPaul A us ter. 449 pages. $25. Henry 

Reviewed by Michiko Kakutani 

P AUL AUSTER'S memoir about his 
early days as a struggling writer, 
describes a period in his life when he 
says everything he touched "turned to 
failure.” ‘‘My marriage ended in di- 
vorce," he writes, “my work as a writer 
foundered, and I was overwhelmed by 
money problems" — a "constant 
grinding, almost suffocating lack of 
u money that poisoned my soul and kept 
Amain a state of never-ending panic." 

* Although Auster is fairly well known 
these days (as the author of the critically 
acclaimed "New York Trilogy" and the 
screenplay for the movie "Smoke"), he 
spdht milch of his 20s and early 30s 
ekibg out a meager existence, doing 
translations and taking odd jobs. He did 
a stint in the merchant marine on an oil 
tatiker, worked pari time for a rare-book 
dealer and did free-lance writing for a 
mofrie producer. 

desperate for money, he also cranked 
ouTa detective novel, tried to sell a card 
game he’d invented as a boy and even 
considered responding to a matchbook 
cover ad that promised, "Make Money 
Growing Worms in Your Basemen l" In 
his free time, he worked on his own 
j panes. plays and novels, l . 

' “I had spent my whole life avoiding 
the subject of money.”. Auster writes, 
"and now, suddenly, I could think of 
nothing ejse. I dreamed of miraculous 
reversals, lottery millions failing down 
from the sky, outrageous get-rich -quick 
schemes. ; 

As he recounts in this slim, unsat- 
isfying memoir, A lister's money prob- 
lems began as a youthful, high-minded 
contempt for the bourgeois life of his 
parents in_tbe New Jersey suburbs. "I 


squirmed every time I had to get into the 
family car — so bright and new and 
expensive, so clearly an invitation to the 
world to admire how well off we were,” 
he recalls: “Allmy sympathies were for 
the downtrodden, the dispossessed, the 
underdogs of the social order, and a car 
like that filled me with shame — not just 
for myself but for living in a world that 
allowed such things to be in it” He 
would not be a writer who led a double 
life, masquerading by day as a doctor 
(like William Carlos Williams) or a 
banker (like T.S. Eliot), the young Aus- 
ter decided. He would instead commit 
himself frilly to being a writer. 

Even given this memoir's limited am- 
bitions — it is not a frill-fledged auto- 
biography but a meditation on the au- 
thor’s early struggles to make a living — 
there is something undernourished about 
it. It’s not just the author’s flat-footed 
prose; it's his refusal to give us the sort of 
color, insight and emotional detail that 
might transform his narrative into 
something more than a series of an- 
ecdotes strung like pop beads along a 
theme. Auster skims over the role his 
conflicted feelings about his parents' 
divorce played in shaping his attitude 
toward money, and be completely ig- 
nores the role his destitution played in 
the breakdown of his marriage. 

The reader gets no real sense of A lis- 
ter's relationship wxth his parents, his 
ex-wife or his son, no real understand- 
ing, for that matter, of his own per- 
sonality other than that he wanted to be a 
writer, glamorized the idea of failure and 
had deeply ambivalent feelings about 
money . Auster ’s reticence on these mat- 
ters seems motivated less by a conscious 
desire to withhold secrets than by a 
writeriy obsession with compression 
and concision. Indeed many fascinating 
stories in this book are curiously brushed 
off in asides. 

Auster ’s observation that he once 
knew seven a f the FBI's 10 most wanted 


men — this was in 1969, when student 
radicalism was at its height — is tossed 
away in a sentence. And his encounters 
in Mexico with a "man who threatened 
to kill me" and a "schizophrenic girl 
who thought 1 was a Hindu god” are 
consigned to a parenthetical mention. 

In fact. Auster’s minimalist impulse — 
which has resulted in some elegant, el- 
liptical novels — proves to be decidedly 
ill-suited to the autobiographical form. It 
results here, as it did in an earlier memoir 
about his father (“The Invention of 
Solitude," 1983), in a spiky, attenuated 
book that’s engaging enough to read but 
oddly lacking in emotional resonance. 

Curiously enough, this flirasiness 
seems to have been recognized by Aus- 
ter and his editors, who have padded the 
volume with three long appendices that 
take up a good two-thuds of the book. 
Those appendices consist of work done 
by Auster during the years described by 
the memoir. There’s the card game about 
baseball that he tried unsuccessfully to 
sell; a full-length detective novel about a 
baseball player who mysteriously dies of 
poisoning, and three snort plays. 

T HE only reader likely to be inter- 
ested in these apprentice works is the 
ardent Paul Auster fan, who will find in 
them clues to the author's subsequent 
development. The strongest of the three 
plays, “Laurel and Hardy Go to Heav- 
en," both reverberates with echoes of 
Beckett’s "Waiting for Godot” and an- 
ticipates Auster’s 1990 novel, "The Mu- 
sic of Chance." 

The basic themes of Auster’s fiction 
— having to do with identity , chance and 
the elusiveness of truth — are estab- 
lished in these early works. So, too, are 
his favorite motifs of waiting, watching 
and searching. Like the memoir they 
accompany, however, these early pieces 
are underdeveloped; they are fledgling 
works, waiting to be hatched. 

New York Times Service 


BRIDGE 


— Alan Truscott 

•vTT'HERE is probably only 
ft A-one. place in. the world 
where thousands of bridge 
enthusiasts may be glued to 
theirteleyision secs to watch a 
match . in progress. It 
happened two weeks ago 
when the Marlboro China 
Cup was played in Chengdu, 
China. 

The viewers, both remotely 

and in the Vugrapb theater, 
enjoyed a thrilling battle be- . 
tween four invited world- 
class teams form North 
America, Chiha, Poland and 
ihrFar East. -With five deals 
V remaining, Poland- was lag- 
$ ging slightly, bat die other 
tore teams were virtually 

tied. 

Tie American players, led 


by Boris Baian, were George 
Mitteknan, Marie Molson, 
Peter Nagy, Peter Boyd and 
Steve Robinson. They 
snatched a victory largely be- 
cause china bid a hopeless 
rand slam against them on 
ie penultimate board. 

The Far East team, a com- 
bined Taiwan-Indonesia 
squad, was second, and China 
needed a tie-breaker to keep 
Poland out of third place. 

A United States team 

stormed back after a poor start 

to capture die Womens 
Teams. The winners were 
Kaihie Wei-Sender, Lynn 
Deas, Juanita Chambers, Ir- 
ina Levitina, Sue Sachs and 
Stasha Cohen. , 

Boyd kept his team m me 
hunt in the Open Teams with 
fine defense on the diagramed 
deal. He opened one diamond 


as East, and his Chinese op- 
ponents arrived in four hearts. 
The opening diamond lead 
was won in dummy and a 
trump was led. East played 
low and South put up the king, 
winning the trick. He ruffed a 
diamond, bur had no quick 
entry to his hand to play a 
second trump. He prepared 
the way with a low club. 

Boyd won with the queen 
and realized dial the only 
hope for the defense was to 
score heart tricks. A diamoad 
lead would have solved 
South’s problem, and a shift 
to spades would have permit- 
ted the nine to become the 
crucial entry. But Boy d re- 
turned to club king, a far from 
obvious play, and South’s 
goose was cooked. He won in 
dummy and led a club, but 
Boyd ruffed with the heart ace 


and his partner bad two win- 
ners to defeat the game. 

Since four spades was 
made easily in the replay, the 
Americans gained 10 imps. 

NORTH 

♦ A K Q 10 3 
984 

O A 

♦ A J 9 7 5 

WEST EAST (D) 

* 874 * J 5 

OQJfl OA5 

'■K7 3 OQJ10B04 3 

*8832 * KQ 

SOUTH 
*962 
V K 10 8 7 3 2 
0 85 

♦ 10 4 

Neither side was vulnerable. The 
tattling: 

East 
1 * 

Pass 

P3SS 

West led the diamond three. 


South 

West 

North 

to 

Pass 

30 

3C 

Pass 


Pass 

Pass 



economic inequalities. The Eastern 
countries as a group have a gross national 
product only a third of the EL’ average, 
while the EU’s four poorest members — 
Spain. Portugal. Greece jihJ Ireland — 
collectively have a GNP of 74 percent of 
the average. Of the candidate nations, 
only Slovenia comes anywhere close to 
the EU standard, with a GNP of about 60 
percent of the community ’s a\ erage. Po- 
land, which in elections this week threw 
oul the former Communists and returned 
a center-right government, js seen as one 
of the most market oriented, while Slov- 
akia is regarded as deficient in almost 
every respect. 

Because of their economic backward- 
ness, the commission said, the applicant 
countries would have "a strong claim to 
substantial amounts of structural fund 
payments.” To admit such populous 
and poor countries without reform of 
their agriculture or a building up of their 
industries would change the nature of 
the EU. Proposed changes are likely to 
cost an estimated 45 billion Ecus be- 
tween 2000 and 2006. 

If the EU were strictly a bean-count- 
ing organization, the enlargement might 
not make a lot of economic sense. But 
the community was founded on vis- 
ionary principles of generosity and 
openness. Rejecting poorer countries 
would betray a fundamental principle. 

Jacques Samer, the commission's 
president, is reported to be concerned that 
bickering about the costs of enlargement 
will send the wrong signal to the can- 
didate nations, still struggling to emerge 


from the long night of communism. 

For all its protestations about the size 
of its net payments to EU coffers, Ger- 
many ha* not abandoned its enthusiasm 
for enlargement. It is clearly in its in- 
terest to' have secure and prosperous 
neighbors — and a market of 1 00 million 
people — along its eastern frontiers. 

The Mediterranean countries, mean- 
while, seem concerned that influence 
and money will slip away from them 
and flow to the East, strengthening the 
hegemony of the Germans. Despite its 
concern that it will have to compete with 
the candidate countries for Structural 
aid, Portugal this week said it supported 
Romania’s application to join the EU 
because "it is in our strategic interest to 
boost Latin cooperation in all sectors." 
Romania is the only Latin country in the 
group of candidate nations. 

One question that the Luxembourg 
summit conference will have to decide 
is whether to open negotiations with all 
10 candidate countries in Eastern and 
Central Europe, or only with those that 
appear to be more advanced. 

The commission has proposed open- 
ing negotiations with six candidate na- 
tions — the Czech Republic, Estonia. 
Hungary, Poland, Slovenia and Cyprus 
— it regards as being in good economic 
shape. Some EU countries want to open 
negotiations with all the candidates to 
avoid perpetuating divisions. But Gyula 
Horn, Hungary's prime minister, says 
that to deal with them as equals would 
"demoralize the states that were pre- 
pared and were showing results." 


Solidarity Seeks 
Coalition Partners 

WARSAW — - Solidarity pushed 
ahead with coalition talks Wednes- 
day after election officials an- 
nounced that the final tally from the 
parliamentary vote Sunday would 
be delayed. 

Leaders of the Solidarity Elec- 
tion Action coalition of "union- 
rooted parties met with the extreme 
rightist Movement for the Recon- 
struction of Poland, and planned 
talks later with the center-right 
Freedom Union, said a Solidarity 
spokesman, Tomasz Tywonek. 

Mr. Tywonek said they also 
would talk with the Polish Peasant 
Parry, the junior party in the gov- 
ernment led by the Democratic Left 
Alliance, the former Communists, 
for the last four years. i AP I 

Robbery Suspect 
Arrested in Spain 

MADRID — The Spanish police 
said Wednesday that rhey had ar- 
rested a man suspected of mas- 
terminding a S36 million robber} - in 
Switzerland this month. 

Dieter Muller, a 2 1 -year-old 
Swiss national, was captured in the 
resort of Torrevieja on the southeast 
coast afrer a high-speed car chase. 

The police said he had paid cash 
for an expensive car and chalet and 
was seen gambling at casinos. 

On Sept. I, gunmen stole 53 mil- 
lion Swiss francs from a busy post 
office in the hean of Zurich's bank- 
ing district. (Reuters I 

Trouble With Reef 

BONN — Germany admitted 
Wednesday that meat entering and 
leaving the country was not being 
controlled thoroughly enough to 
prevent trade in banned beef ex- 
ports from Britain. 

But Health Minister Horst See- 
hofer repeated German demands 
that the European Commission en- 
sure that Britain improve its export 
surveillance, arguing that controls 
put in place after die scare over 
“mad cow" disease were not being 
properly implemented. 

The shortcomings in Germany 
"do not remove the European 
Commission's duty to ensure reg- 
ulations are adhered to first and 
foremost in Britain," Mr. Seehofer 
said. (Reuters) 




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INTERNATIONAL HERALD TRIBUNE, THURSDAY, SEPTEMBER 25, 1997 

INTERNATIONAL 



2 Die From Effects of Indonesia Haze 


CmpBtdty Oar Staff Pnm Disjurka 

JAKARTA — Two Indonesians have 
died as a result of the forest fires that arc 
spewing pollutants across much of 
Southeast Asia, sickening tens of thou- 
sands of people. , 

More than 1,200 fire fighters from 
Malaysia began arriving in Indonesia on 
Wednesday to help put out the fires, 
many of which were deliberately set to 
clear farm land. , vr 

A drought attributed to the H Nino 
weather phenomenon has exacerbated 
(he problem, and Indonesia has tried to 
clear the skies by seeding clouds to 

produce rain. , . . 

Most of the fires have been burning on 
Sumatra and Borneo islands, sending a 
rlyilnng haze over Malaysia, Singapore, 
Brunei, the southern Philippines and 
southern Thailand. 

In Indonesia, the secretary for the 
minister of welfare. Suyono Tahya, said 
two people had died of respiratory com- 
plications. _ . r .... 

And in Malaysia, officials said about 
15,000 people had received treatment 
for health problems related to the fires 
that have trapped the region under an 
umbrella of smoke and pollution. 


A^ssssaas: ©ffssswsss* 

if the smog makes them srck, and the 
Canadian Embassy said u would rotate 
its staff to Australia for a week al a 


^An official at the Japanese Embassy 
said some people had already returned to 
Japan, “but only those who have chil- 
dren or are having respiratory illness 
have left Malaysia.” 

More than 32,000 people on Sumatra 
and Borneo have snffered respiratory 
problems in the two mouths since the 
haze became a problem. Doctors also 
have reported numerous eye infections. 

A state of emergency in Malaysia s 
Sarawak stale, on Borneo, continued for 
a fifth day, with the pollution index 
hovering well above hazardous levels. 

Meteorologists have attributed part of 
the problem to El Nino, the Pacific Ocean 
weather pattern that scientists believe dis- 
rupts weather around the globe. They 
warn that seasonal monsoon rains that 
could put out the fires, clear the skies and 
save crops might be delayed for weeks. 

Malaysia said Wednesday that it 
would send transport planes to water- 
bomb Indonesia's forest fires and dis- 


HAZE; Smoke From Fires Blots Out Sun 


Continued from Page 1 

A vegetable farmer outside Jarabi try- 
ing desperately to prevent a fire from 
spreading to his small homestead blamed 
arsonists for the blaze affecting him. 

He said he did not bum off the tinder- 
dry brush around his smallholding. 

“I don ’t build fires myself. I think this 
fire was lit by someone else from the 
road,” he said. 

Jambi, with a population of about 
265,000 people, lies on the west side of 


Sumatra’s longest river, the Batanghari. 
The city is a timber and commodities 
center and provides services and sup- 
plies for companies in (he interior. 

Transport officials said the big wooden 
barges tenying commodities and sup- 
plies were still plying die river but had to 
take extra care because of the smoke. 

More than 1,000 Malaysian fire fight- 
ers arrived further north at the port of 
Dumai in Riau Province on Wednesday 
to fight blazes in Riau, Jambi and Suma~ 
tera Selatan provinces. 


rived 

And the Malaysian information min- 
ister, Mohammed Rahmat, said the gov- 
ernment was studying plans to spray 
water from the tops of tali buildings in 
the capital to dissolve some pollutants. It 
has called on citizens to wear protective 
masks. 

But Thambyappa Jayabalan, a phy- 
sician, called the masks “absolutely use- 
less,” saying: “They can hardly hold 
back 10 percent of the pollutants.’’ 

The government’s air pollutant index 
— which measures levels of sulfur di- 
oxide, carbon dioxide, nitrous oxide, 
lead and dost particles — reached, about 
ISO Wednesday in Kuala Lumpur, a 
level considered * ‘unhealthy. ’ ’ Levels of 
201 to 300 are said to be “very un- 
healthy” and 301 to 500 is considered 
“hazardous.” 

In Kuching, capital of Sarawak state, 
the air pollutant index fell to 65 2, down 
from a record S39 on Tuesday, when 
residents said visibility was only a few 
feeL People were venturing outdoors 
Wednesday, though many wore masks, 
residents said. Many schools, factories 
and offices remained closed. 

The Malaysian environment minister. 
Law Hieng Ding, said 330,000 masks 
would be sent to Sarawak and distributed 
to children, die elderly and people with 
respiratory problems. 

In Jakarta, capital of Indonesia, sky- 
scrapers were obscured by a haze that 
meteorologists said contained some 
smoke bnt mainly consisted of traffic 
and factory emissions mixed with dust 
from parched farmland 

“It doesn’t have the same terrible 
smell and effect as the smoke haze,” 
said Emmy Haftid. director of Walhi, an 
environmental lobbying group. 

(AP. AFP ; Reuters) 





U.K. Media Face Stricter Guidelines r 


RUSSIA: Yeltsin Orders Curbs on Reforms 


Continued from Page 1 

fare. All this was in the name of liq- 
uidating the Soviet Union and the Com- 
munist system. 

Now, it appears that Mr. Yeltsin is set 
on putting Russia into workable form. 

Bat it will not be easy. Big business 
and banks, creations of Mr. Yeltsin him- 
• self, resist paying taxes and market 
prices for remaining government-owned 
resources. Corruption appears to be en- 
trenched in ail levels of Russian of- 
ficialdom. Regional governments ignore 
orders from Moscow. The military ma- 
chine is in tatters. 

Despite rosy predictions, the econ- 
omy remains stagnant in most pans of 
Russia. Declining public health has 
sharply reduced male life expectancy, 
while birthrates have shrank as parents 
resist bringing children into hardship. 

Nationalist and Communist opposi- 
tion groups are threatening strikes and 
demonstrations for autumn. 

In his speech, Mr. Yeltsin focused on 
four issues: the economy, corruption, the 
need to exercise some central political 
control over regions and the need to 
deliver government services. 

He offered few specifics on the future 
role of government in business, except to 
say that the state will perform a reg- 
ulatory junction. 

He promised that there would be no 
return to a planned economy. 


“In itself, the market is not a cure-all. 
In any civilized state the market mech- 
anism and state regulation work in har- 
mony," he said. 

In the last few months, his govern- 
ment has signaled the shift from the 
period in which crushing the old order 
was its main concern. 

Mr. Yeltsin’s chief economic adviser, 
Anatoli Chubais, pledged io $211 the re- 
mainder of state-owned oilfields, indus- 
tries and other businesses at market 
prices rather than by rigged and cut-rate 
bidding designed to speed privatization. 

Mr. Chubais also announced plans to 
end the cozy arrangement between the 
government and large banks in which the 
banks hold government deposits — a 
huge source of revenue and investment 
funds. The government also collected 
some taxes from large monopolies, in- 
cluding die natural gas giant Gazprom. 

Mr. Yeltsin took a stab at reducing 
corruption by ordering government of- 
ficials to declare their incomes. By most 
accounts, those who complied wildly 
underreported their earnings. Many of- 
ficials ignored the call altogether. 

Mr. Yeltsin also announced a long- 
term plan to slash military troop levels 
while modernizing the country’s ragtag 
forces. He paid off back wages and pen- 
sions to thousands of state employees 
and retirees, although it is uncertain that 
within afew months die government will 
not again owe millions of dollars. 


ALGERIA: Islamic Group Declares Truce 

a^rAtrsi , V«rv(ir ftnrlc 


Continued from Page 1 

Mr. Zeroual has blamed “terrorists" 

— his habitual term for the Armed Is- 
lamic Group — for several massacres 
over the past month that have left several 
hundred people dead. The most recent, 
early Tuesday, took at least 85, and 
perhaps as many as 200, lives in the 
eastern Algerian suburb of Baraki, 

Confirming reports from American 
diplomats that peace talks between the 
military-backed government and its 
forces had been going for some time, the 
Army of Islamic Salvation blamed the 
massacres near Algiers on those deter- 
mined to undermine this “detente." It 
said contacts “for the return of security 
and stability" had been "going on for a 
long time.” 

The statement did not identify the 
forces opposed to this process beyond 
saying they were the “enemies of yes- 
terday and today. ” This appeared to be a 
reference both to those in Algeria's mil- 
itary establishment who oppose any 
compromise with the country's Is lami c 
insurgency and to the extremist Islamic 
guerrilla groups that have fallen out with 
the Islamic Salvation Front. 

The call for a truce thus appeared 
designed to prevent hard-liners in the 
government or extremists in the Islamic 
movement from causing further blood- 
shed, or at least to expose their respon- 
sibility with more transparency in the 
event of further massacres. 

In the chronic opacity of the Algerian 
conflict — one fostered by a secretive 
government wary of foreign mediation 

— a pattern now appears evident in the 
events of the past two-and-a-half 
months. 

The central event was foe release July 
15 of Abassi Madam, a leader of foe 
Islamic Salvation Front who had been in 
military prison for six years. Once Mr. 
Madani was released, however, oppo- 
sition to this political dialogue seems to 
have burst into foe open. The opposition, 
diplomats suggested, lay both within the 
government, where the chief of the gen- 
eral staff. General Mohammed Lamari, 
is known to reject all negotiation, and in 
extremist Islamic movements deter- 
mined to pursue an armed insurrection. 

How exactly these two forces inter- 
acted to produce the series of massacres 
in the Algiers region is unclear. But 
some of the.kiiiing, notably on Aug. 29, 
when as many as 300 people may have 
died, took plaice close enough to military 


barracks outside Algiers to soggesr that 
there was the acquiescence, if not the 
connivance, of factions close to the 
army. 

If the government ’s broad approval of 
the Islamic Salvation Front’s appeal was 
clear from foe unusual attention given to 
it by state television Wednesday, it re- 
mained unclear bow foe hard-liners in 
the government and the Armed Islamic 
Group would respond. 

“Some of foe violence is so wild and 
so autonomous that the appeal for a truce 
may have no immediate effect,” said 
Benjamin Store, a French historian. But 
he added that “this gesture fonnally 
reopens political channels that had ap- 
peared for a long time to be closed." 

The secret talks between foe Front and 
the government and the unilateral appeal 
for a truce appeared to demonstrate that 
foe balance of forces in the Algerian 
conflict has changed over the past two 
years. Broadly, the government feels 
stronger and the Front is weaker, both 
militarily and politically, 

In a January 1995 meeting in Rome, 
foe Islamic Salvation Front and several 
other Algerian political parties called for 
foe “alternation of power through uni- 
versal suffrage,” the “nonintervention 
of the army in political affairs" and foe 
“rejection of violence as a means to 
acceding to or maintaining power." 

But this declaration, combined with 
an offer of “genuine dialogue,” was 
rejected by the government, which then 
held fast to the position that foe Islamic 
Salvation Front was banned and, as such, 
could not be an interlocutor in the quest 
fbrpeace. 

Since then, however, government 
forces have stepped up their war against 
the Islamic guerrillas, large swathes of 
foe population have become more iso- 
lated from the Islamic Salvation Front 
and a new constitution has virtually 
guaranteed the president enduring 
power while installing a veneer of de- 
mocracy. 

But the growing violence in the coun- 
try shows how unstable it is. With local 
election looming in one month, a critical 
period appears to have begun. More vi- 
olence would make Mr. Zeroual increas- 
r vulnerable. In foe wake of the truce 
jaration, he now faces a critical 
choice. Should he lift, or ease, foe ban on 
foe Islamic Salvation Front and risk fur- 
ther anger among hard-liners in the 
army? Or should he persist in a policy 
that has only brought more war? 


KIM: 

Front-Runner in Vote 

Continued from Page 1 

in Korean history that an opposition 
leader had been elected president. South 
Korea has had reasonably free elections 
in recent years, but foe same pattern has 
emerged here as in Japan and Taiwan: 
One party dominates the government 
and is nagged by an opposition foat is 
free to speak but usually unable to win 
the top post 

“In foe 50 years since we became an 
independent country, we’ve never had a 
peaceful transition of foe government, in 
which an opposition party became a 
ruling party,” Mr. Kim said during a 
long conversation in his office in foe 
National Assembly. 

“For that reason, foe government be- 
came corrupted and static, and reform 
cannot be implemented,” he added 

It is a sign of South Korea 's increasing 
maturity as a demooacy foat Mr. Kim 
could almost certainly take office if 
elected In the 1987 campaign, army 
officers warned foat they might be 
forced to stage a coup or even kill him if 
he were chosen president But now. by 
all accounts, foe army would — if a bit 
grudgingly — accept him as the coun- 
try’s leader. 

The secretive Agency for National 
Security Planning would have to make 
adjustments if Mr. Kim is elected such 
as spying for him instead of on him. Mr. 
Kim, who believes his phones are still 
with those of many 
other Koreans — a charge that almost 
everybody finds credible — says he 
would like to restructure the intelligence 
agency to curb its domestic spying. Nev- 
ertheless, even foe agency could prob- 
ably accept Mr. Kim as president 

“Z don’t think that the people at foe 
agency are too afraid of him,” a prom- 
inent Korean official said “They think 
they can handle anybody.” 

While Mr. Kim is now foe front-run- 
ner, some experts still regard his election 
as unlikely. At foe last minute, voters 
may rally around foe ruling party can- 
didate. A large number of South Koreans 
worry that Mr. Kim is soft on com- 
munism, or is a demagogue or is simply 
an old man whose time has passed. 

He is 71. But he said: “For 6 years I 
was in prison and for 10 years I was held 
under house arrest and exile, so those 1 6 
years should be deducted Then I’m only 
55.” 

However, foe governing party sug- 
gests that Mr. Kim is lying about ms 
birth d a te and that he is actually a couple 
of years older. Indeed at times Mr. Kim 
has indicated foai he is actually 73. 

Another of Mr. Kim’s fundamental 
challenges is that, as his critics see it, he 
has been reduced to being a regional 
candidate from his native Cholla area, 
which is in foe southwestern part of foe 
country and is stigmatized as being poor, 
uncouth and unruly. Many respectable 
Korean families would be appalled if 
their daughter were to try to many a man 
from Cholla, and they sometimes feel 
the same way about voting for a can- 
didate from Ch o lla 

In the last presidential race, in 1992, 
Mr. Kim received 90 percent of foe vote 
from foe Cholla provinces and just 27 
percent in the rest of the country — 
many of those coining from people who 
had migrated from Cholla. The bedrock 
of support from Cholla and from devoted 
loyalists around foe country means that 
Mr. Kim is likely to receive about one- 
foird of the overall vote nationwide, and 
that could be a plurality if the rest of the 
vote is split among the three or four other 
major candidates. 

Partly because of his search for 
middle-class votes, Mr. Kim has mod- 
erated his views in recent years. As head 
of foe main opposition party, the Na- 
tional Congress for New Politics, he is 
more sympathetic to workers and to a 
government role in rescuing failed en- 
terprises than foe governing New Korea 
Party is, but the differences in policy 
between him and foe other candidates 
are much less than they were before. 


Reuters 

LONDON — The head of Britain’s 
press watchdog said Wednesday that he 
expected to see "a pretty dramatic pack- 
age of improvements'* to foe newspaper 
industry’s code of practice after the 
death of Diana, Princess of Wales. 

Lord Wakeham. chairman of the Press 
Complaints Commission, demanded a 
tighter code of practice after paparazzi 
photographers were accused of contrib- 
uting to her death in Paris on Aug. 31 by 
chasing her car at high speed. 

“lam going to make some proposals 
tomorrow publicly, because I believe 
that is foe right thing to do, and those 
proposals will be put to the code of 
practice comminee for them to address.’ ’ 
Lord Wakeham said Wednesday. 


He said he expected a great many 
editors would adopt his proposals right 
away, without waiting a month or more 
for them formally to become part of the 
code. 

“Some of them will be suggestions 
which will be appropriate to television 
cameramen and crews as well," Lord 
Wakeham said to foe cameras surround- 
ing him. 

John Witherow, editor of the Sunday 
Times, said: “He has some very good 
proposals which I think the industry will 
accept He has already made several 
soundings about it, and there is general 
agreement on what to do." 

Changes to the code are due to be 
endorsed Thursday by the newspaper 
industry’s code of practice comminee. 


chaired by Sir David English, bead of 
Associated Newspapers group. 

At a meeting with 12 newsp . ^ 
irons on Sept. 17, Lord Wakeham said 
the watchdog would also aim to tighten 
newspaper guidelines on questions of 
p riva cy, harassment, treatment of chil- 
dren and intrusion into grief. 

“.All newspapers believe that paitsof 
the code have to be tightened and adsBa 
has to be taken against the paparazdg** 
Mr. Witherow said. British newspajtts 
have already promised either not to prfct 
paparazzi photographs of Diana's sd&s. 
Prince William, 15, and Prince Harfy, 
13. or else not to breach their priv^ty- 
wifo unauthorized photographs. ^ 

Despite repeated calls tor a press law, 
foe UiC media remains self-regulatiSfe. 


alty^unable to a -l£ NURSES: Conviction Stirs a Saudi-British Conflict on Values 


Continued from Page 1 

refiort. saying that their client had not 
waived rights to demand the death pen- 
alty. 

The two women were charged with 
stabbing their colleague to death on Dec. 
12, and then using her credit card to get 
money from her bank account the fol- 
lowing day. 

Ms. Gilford was found in her room at 
the King Fahd Military Medical Com- 
plex, where all three nurses worked, in 
foe eastern city' of Dhahran. She had 
been stabbed 13 times. 

Saudi authorities said the iwo nurses 
confessed to foe crimes and had signed 
documents to that effect, before retract- 
ing their statements. 

Lawyers and relatives of foe nurses 
said foe confessions were forced, in- 
volving threats of sexual assaults. The 
Saudis deny this, saying the two con- 
fessed willingly after being caught with 
foe victim's credit card. 

Saudi Arabia has a strict code that 
imposes death by beheading for murder 


(drug smuggling. So far this year, 107 
people have been beheaded in foe coun- 


try, including ai least rwo non-Wesrem 
women. But there is no known precedent 
for foe execution of a Western woman. 

The British foreign secretary. Robin 
Cook, vowed foat be would do everything 
possible to prevent such a development 
Describing the sentences as “wholly un- 
acceptable in the modem world," Mr. 
Cook warned the Saudis of a serious 
backlash if they were not rescinded. 

The conflict is complicated by long- 
simmering Saudi complaints that Britain 
gives a haven to vocal opponents of the 
Saudi regime. .Also, there is sensitivity 
about appearing to apply differing stan- 
dards of justice io Western expatriates 
than to Saudis and Third World ex- 
patriates. 

But public pressure in Britain is 
mounting. The tabloid Daily Mail ap- 
peared io sum up widespread sentiment, 
in the media at least, when it commented 
above a full-page picture of two Saudi 
soldiers flogging a person: “Can Biair 
Let This Happen.” 

With the nurses, foe Saudis employed 
the full sweep of their complicated re- 
ligious justice system, with its multiple 
appeals, in a way foat is nor normally 


K 

. :d M 

granted in less-publicized Cases, 
sentences now go to a still higher cofat 
of five judges. If confirmed again,:tfrjb 5 r^ 
go to the king for final approval ^ 

The Saudi ambassador to Britain, 
Grhazi AJghosaibi, said Wednesday foat 
although the judicial process - wyr ’ 
over yet, foe Saudis would cfayOtrt 
sentences if confirmed. jj;"/" 1 
“We are not going to change' 
system or our customs to appeal to jo&r- 
nalists or bleeding-heart liberals in, foe 
media all over foe wo rid,” he said, 
adding foat be was surprised foat British 
officials and die media sought to “de- 
mean our Islamic judicial system. 

A Labour member of Parliament, Ann 
Clwyd. said: “These extreme punish- 
ments are imposed after trials whifch 
everybody knows are not conductecHn 
accordance with internationally accep- 
ted judicial standards.” 

A high Saudi official, speaking £b a 
telephone interview, said: “We have 
executed Indians, Pakistanis, Filipufos, 
Egyptians and, of course, Saudis. Why 
should they be spared if they are guilty? 
Why should anyone in foe West whnt 
them to be spared if they killed?” 


DEAL: Travelers and Salomon to Form Financial Powerhouse £ 


Continued from Page 1 

tive than the hard-driving Salomon cor- 
porate culture. Mr. Long said, although 
Salomon’s proprietary bond- trading op- 
erations were obviously one of the rea- 
sons the firm was attractive. 

Mr. Weill was prominent on Wall 
Street in foe early 1980s, when he sold 
Shear-son Loeb Rhoades to American 
Express Co. 

Mr. Weill was president of American 
Express for a time, but then left and 
began a string of acquisitions of finan- 
cial companies. 

In contrast to Mr. Weill’s cautious 
management of his companies. Salomon 
is known for an aggressive style foat has 
caused problems at tunes, although it has 
also led to substantial profits. The firm 
was hit hard by losses in its mortgage- 
securities division following the 1987 
stock-market collapse, and it obtained 
$700 million of capital from Berkshire 
Hathaway Inc., the conglomerate con- 
trolled by Warren Buffett Salomon’s 
troubles were compounded in February 
1991, when it improperly bought most of 


an issue of Treasuty bonds at auction, 
then executed a similar maneuver in 
May of that year. 

After foe transactions came to light 
and foe government began legal actions, 
Mr. Buffett took control of Salomon, 
eventually installing Robert Denham as 
chairman of foe parent Salomon Inc. and 
Deryck Maughan as chairman of foe 
Salomon Brothers securities unit Mr. 
Denham said Wednesday he would 
leave Salomon after the takeover, but 
Mr. Maughan will be co-chief executive 
of Salomon Smith Barney and vice 
chairman of Travelers. Mr. Maughan is 
to be joined by James Dimon, foe current 
Smith Barney chairman, as co-CEO of 
foe merged concern. 

At foe end of last year, Berkshire 
Hathaway owned 10.31 million, or 
about 9.4 percent of Salomon’s shares, 
and additionally held 420,000 preferred 
shares convertible into about 1 1 million 
shares of common stock. 

One reason that Salomon was attract- 
ive to Traveler was that it was relatively 
inexpensive. This month, before rumors 
surfaced that Travelers was on foe prowl 


for an acquisition, Salomon’s stock price 
was seven times its annual earnings per 
share, a relatively low valuation. V 
Under the takeover annotutefed 
Wednesday, Salomon shareholders -are 
to receive 1.13 shares of Travelers stock 
for each of their shares. With Travelers’ 
shares closing at $69.4375 Wednesday, 
down $2.5625, foe offer is worth $78.46 
for each of Salomon’s common shafts. 
According to foe company's most recent 
annual report, there were 120.9 million 
shares either outstanding or available 
through conversions of other securije&jd^ 
so the deal would be worth about $5149~ 
billion. Salomon’s common stock 
closed at $76.75, up $5.25. _ 

Travelers said it expected to clos&Jhe 
deal before foe end of foe year and that it 
would take a restructuring charge - of 
$400 million to $500 million, which 
would include severance charges. Mr. 
Long said there would inevitably^-be 
layoffs, but he said Mr. Weill had a 
history of keeping foe better of two units 
or employees where there was an over- 
lap. even if that meant laying off workers 
ar foe acquiring company. G 


BOSNIA: France Backs a U.S. Official’s Call for New NATO F< 


Continued from Page 1 

m ainta in ing peace in foe Balkans. 

France and Britain have said they 
would pull their troops out of Bosnia if 
the Americans withdraw. 

The comments by Mr. Berger. Mr. 
Cohen and others appeared to & aimed 
at persuading the public and Congress of 
foe need for a continued presence. 

Some lawmakers are now saying they 
are concerned about the potential costs, 
in money and in lives, of a prolonged 
role in Bosnia. Many say they fear that 
foe attempt to establish a unified and 
multiethnic state are doomed to fail. 

“We will support foe forces in foe 
field if foe commander in chief insists on 
keeping them there,” Senator Ted 
Stevens, Republican of Alaska and chair- 
man of foe Appropriations Committee, 
said Wednesday. “But it’s going to be 
very difficult to keep the troops beyond 


July 1, 1998, if there is a way out” 

A pending military spending bill 
would give Mr. Clinton foe authoriza- 
tion for continued expenditures in Bos- 
nia only if be explains the need for a new 
follow-on force. 

Mr. Berger sought to explain foat need 
in blunt terms, warning of possibly 
calamitous results should NATO leaves 
too soon. “If Dayton fails,” he said of 
the peace accord signed in Ohio, “Bos- 
nia will almost certainly slide back into 
conflict, potentially leading to a wider 
war in southeastern Europe." 

In Brussels, meanwhile, NATO am- 
bassadors decided Wednesday to delay a 
decision on a reduction or withdrawal of 
foe peacekeeping force, Agence France- 
quoted an official as saying. 

The Clinton administration has been 
vague about what type of presence it 
mtght employ after June. 

In July, Mr. Clinton spoke of fo e 


orce 

possibility that foe U.S. military mifeht 
need to remain in Bosnia in some form 
after June 1998. “I believe foe present* 
operation will have run its course by 
men. and we’U have to discuss wha£ if 
any, involvement foe United States 
should have there, ’ ■ he said. 

« !v}® administration has d isc u s sed 
smiting troops to Hungary or Italy, 
where they would be available to mtove 
quickly back to Bosnia in support? of 

b pe 13- troo P s K 1 * e evem « * crisis. 

Kepubhcans in Congress have 
pressed Mr. Clinton to come up with an 
^strategy.; ’ And many have insisted 
toat the fighting in Bosnia can&ot-.lbe 
permanently ended without a de facto 
pariition of foe ethnically divided state. 

But Mr. Beager said foat pa rtition 
would mean “ratifying the worst ethnic ' 
cleansing in Europe for more than half a 
watery. \He added, “We should not ave 
up on justice and reward aggression.” 




INTERNATIONAL HERALD TRIBUNE, THURSDAY, SEPTEMBER 25, 1997 



PAGE 7 


INTERNATIONAL 


ahurrican 


idelines 


P ACKJNG IT IN ■— Harvey Cole, a sergeant at the VS. Southern Command at Quarry Heights, Panama 
packing boxes as the command prepares to move to Miami at the end of the week, ending 83 years in Panama, 


Brazzaville Shelled 
Before Key Speech 

KINSHASA, Congo — Fresh 
shelling rocked the Congolese capital, 
Brazzaville, on Wednesday after a par- 
ticularly intense overnight barrage, wit- 
nesses said. 

TTiey added that the shelling in the 
capital of the oil-producing former 
French colony was only sporadic 
Wednesday. ■ 

The outbreak preceded an expected 
policy statement by Prime Minister 
Bernard Kolelas, who formed a unity 
government in an attempt to end the 
three-month conflict. 

Although the Congolese state radio 
has been reporting that Mr. Kolelas will 
make the statement Thursday, there was 
doubt over the timing. 

A French political analyst across the 
Congo River in Kinshasa said that half 
of the new cabinet ministers were in 
Paris, adding that the policy declaration 
could be postponed. (Renters) 

Mandela Visits Prison 

ROBBEN ISLAND. South Africa — 
President Nelson Mandela returned 
Wednesday to this former prison, where 
he spent 1 8 years behind bars, to declare 


briefly 


it a museum and symbol of hope and 
reconciliation. 

Mr. Mandela, on South Africa's Her- 
itage Day public holiday, also declared 
the small island off Cape Town a na- 
tional heritage site. 

“Robben Island is a vital pan of 
South Africa’s collective heritage," he 
said at a ceremony in the prison dining 
hall. 

The island, he added, had been a 
place of pain and banishment for cen- 
turies, but had now become a symbol of 
triumph. The question, he said, was how 
best to give expression to the history of 
an island that served over the centuries 
as a leper colony, insane asylum, de- 
fense base and, most recently, prison for 
opponents of the former apartheid re- 
gime. (AFP) 

U.S. Pursues Mexican 

WASHINGTON — Armed with a 
sealed indictment, U.S. officials 
stepped up the pressure Wednesday on 
Mexico’s most violent drug kingpin by 
offering a S2 million reward for his 
capture and adding him to the FBI’s 
most wanted list. 

Ramon Arellano Felix. 33. the bead 
of security for a gang run by rive broth- 
ers, is charged with drug conspiracy in a 
sealed federal indictment, offtcials'said. 
speaking on condition of anonymity. 


"He and his associates are also re- 
sponsible for directing numerous 
murders in Mexico and the United 
Stales," said the head of the Drug En- 
forcement Administration, Thomas 
Constantine. 

He added that the Mexican sets die 
price of cocaine in many communities 
throughout the United States. (AP) 

Professor a Plagiarist 

TORONTO — Ruling that a . 
fessor at the University of Ottawa 
plagiarized a student's paper, an 
Ontario court has ordered the university 
and the professor to pay the former 
student S7.500 in damages and to re- 
imburse legal costs. 

The trial judge ruled that Professor 
Jimming Lin, who teaches business, 
submitted a 1991 paper by one of his 
students as his own work at an academic 
conference, sold it to other students for 
59 a copy as a class handout and even 
planned to use it in his application for 
promotion from assistant professor to 
associate professor. Mr. Lin received 
tenure in 1992. 

A University of Ottawa spokesman, 
Helene Carry, called the case "regret- 
table” and said that the university 
planned a review. She declined to com- 
ment on whether Mr. Lin's status would 
be included in the review. (NYT) 


W.? :l *" . 

L 


Viscount Tonypandy 
Dies in Wales at 88 


Risk is our business. 






/? I 






By Warren Hoge 

Nn- York Times S ervice 

. LONDON — Viscount 
Tonypandy, 88, a former 
speaker of the House of Com- 
mons whose cry of “Order, 

..order!" in his distinctive lilt- 
. -ing Welsh accent became a 
British catchphrase, died 
. tyfonday in Cardiff, the Welsh 
capital. 

. . Formerly George Thomas, 

. he was created Viscount 
Tonypandy when he joined 
■the House of Lords in 1983. 

He became speaker of the 
House of Commons in 1976 
. but remained as obscure as his 
'•* .162 predecessors until April 
'1978, when parliamentary de- 
, -bates began to be aired on the 
radio. 

His shouted pleas for calm 
..’were the signature opening 
yfir. each day’s broadcast on 
-the BBC and soon he became 
the first occupant of the au- 

— oust old post to receive fan 
.,ipaiL 

Elected to Parliament in 
1945 as a Laborite in a district 
;ih Cardiff, be bad a modest 
career in die House and was 
initially disappointed when 
...Prime Minister Harold 
;Wilson put him in line for the 
-.speakership instead of mak- 
ing him a senior member of 
.^hls government. 

But he runted out to be ber- 
ter at bringing rowdy back- 

- .benchers into line in his new 
.position than anyone had 
.imagined. 

.. He put to good use his 
, ,. .training in scolding boys as a all die works of BJ 7 . Skinner 
W, schoolteacher, a bent for the- .‘and enough legal texts to 
T acrical presentation learned in 
—the pulpit as a lay Methodist 
preacher and an iron self-dis- 
cipline stemming from his ex-i 
penences as a temperance 
* jeader. 

Avuncular rather than 
domineering, he was adeptat 
r.jhe well-timed humorous 
jT aside to cut Tension. When a 
•‘ Jory member once chal- 


lenged his refusal to permit a 
question, jy noting that the 
subject fad been written 
about in that morning’s news- 
r. die speaker replied, 
o was my horoscope, and 
we’re not discussing that 
either." 

He war born on Jan. 29, 
1909, in he Welsh town of 
Port Talbot, one of five chil- 
dren of cn alcoholic miner 
named Zacharia Thomas who 
deserted Lie family in George 
Thomas’s youth. 

He won a scholarship to 
University College, 

Southampton, and on gradu- 
ation went to London and be- 
came a schoolteacher. 

In the evenings be often 
visited dbe galleries of the 
House of Commons, listening 
to debases and beginning an 
enduring enchantment with 
the ^iu^ritution that he was 
later to refer to frequently as 
"the festion of democracy.” 

Herbert Blyden, 61, 

Civil Rights Activist 
NEW YORK (NYT) — 
Herbot Blyden, 61, a jail 
hardened, prison-educated 
civil rights activist who gave 
eloquent voice to 1,200 be- 
leaguered inmates as their 
chief negotiator during the 
1971 uprising at the state pris- 
on in Attica, New York, died 
Sunday at a hospice in Buf- 
falo, New York, of prostate 
cancer. 

. Mr. Blyden read Schopen- 
hauer, Santayana and Her- 
mann Hesse, not to mention 


jail- 
the At- 


make him a reco 
house lawyer 
dca rebellion. 

He was serving a sentence 
of 10 to 15 years for armed 
robbery when the prison revolt 
broke out September 1971- He 
escaped major injuries in an 
all-out assault ordered by 
Governor Nelson Rockefeller 
after a five-day siege. 


8 U.S. Diplomats 
Returning to Sudan 


■33 y Thomas W. Li: 

Washington Post Se 




tional terrorism. Washington 
has long viewed the Khar- 
toum government as an ally of 
Iran in promoting regional 
unrest, encouraging terrorism 
and opposing peace between 
Israel and the Arabs. 

In Washington's view, 
Khartoum is a source of trou- 
ble across east and central 
Africa, notably along Sudan's 
southern frontier where non- 
Muslim countries are sup- 
porting an insurrection 
against the Islamic regime. 

In Februaiy 1996, the State 


WASHINGTON -f The 
-jUnited States is sendiijg dip- 
lomats back to Sudan, 19 
r months after p alli ng all 
. ! American employees/ out of 
■ijhe U.S. Embassy there for 
security reasons, thb State 
Department has announced. 

The move does not reflect 
' w 3h improvement in relations 
with the African country, of- 
'jfrdals said, but instead sig- 
nals the start of an upgraded 
- :.i diplomatic campaign to in- 

■ "Vr.nrease pressure on its militant Department, announced that it 

T ; , -Islamic regime. was withdrawing all U.S. 

\;o Secretary of Stale staff from Khartoum because 
Madeleine Albright ordered the Sudanese government 
t ?the return of eight midlevel could not guarantee their se- 

■ diplo mats to the Khartoum curity. Diplomatic relations 
^embassy as "part of an in- were not formally severed, 
.'ieensified diplomatic effort to however, and die embassy 
'- ‘Change die behavior of the has remained open, staffed by 

A.' Sudanese government," a 
■‘•’'State Department official 
“■said. 

nr f. “\jy e wanr to ratchetup the 
^pressure on Sudan to respond 
*■ ; *Md the demands of the inter- 
national community on ter- 
* . .. _ vdhrism, human rights and the 
1 V" i^-Mwarin southern Sudan.” 

* . V “^Sbe official said. 

Sudan is on the State De- 
' ■/ ^‘jfcWment’s list of countries 
that h says sponsor interna- 


mu ■■ -r — ' 

Sudanese employees. 

Ambassador Timothy Car- 
ney has been living in Nairobi 
and flying into Khartoum 
monthly to conduct official 
business- He will remain in 

Nairobi, but the security situ- 
ation in Khartoum has im- 
proved enough to allow the 
eight midlevel diplomats to 
be posted there, a -Stale De- 
partment official said. 



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INTERNATIONAL HERALD TRIBUNE, THURSDAY, SEPTEMBER 25, 1997 



S PO \SO R r 1) S l < TION 


TURKEY: BUSINESS UPDATE 


i 


wm a frmmariiBtecoaoay.l^ sterner, Mesut 


Ytetookonri 


J pMaywm^lMcmMCoabwMSialtypnmolmg 


State Minister Takes Reins, 
Promotes Market Economy 

Yh e government has plans to tame inflation and reduce unemployment 

A ccording to Gunes Taner, the new Mr- Taner adds that insufficient income 
minister of state for the economy, distribution in a society whan the upper 
Turkey is in a vicious inflation circle, classes continue to gam at the expense of the 
with an annual inflation rate at the aid of lower-income groups is a threat “not only to 


\ — JTi 

Sne in public spending and die uslofpiiilic ^^indnnie negative p^J, 

resources: -Utmo^inyo^e wi be given udianor^ ^ ^ Qgw ^ Turi ^ 

totianspa^ym tteMget C entralW and Treasury signed an agree-. 

This picture of Turkey emphasizes in limiting short-term at - 


without due care. 


modern state of Ttotoy fa 1^23, thought 

Umt Mr* Erbak a n's plan for Tmkey to heed a new htianuc 


tki, YBbmz, load* of ttmprohoslnoss Motherland 


wUh the Democratic Lett Party (DSP), led by Buleat 
Ef # vPe* Ms deputy, and tho Democratic Tmkey Party. 
Mr. YMmaZf who has inherited spiraling Inflation, a 


debt, is detanoned to get Turkey back onthenght 
track. He wants to stab&zo the economy, encourage 


He bas also re affi r m ed Turketfs comnatment to 
joining the European Union. 


August of around 85 percent. 

The previous government 
sought unsuccessfully to re- 
duce inflation to 57 percent 
When die current govern- 
ment was formed last sum- 
mer, unemployment among 
the young had risen sharply, 
domestic borrowing had 
doubled, foreign loans bad 
leapt by $2 billion and the 
chance of a balanced budget 
“had vanished even before 
die end of the first half of die 
year,” says Mr. Taner. “The MesutYBmaz, Turkey’s 
long-lasting high level of in- pro-business prime minister. 
flation, which has discour- 
aged investment and led to higher unem- of 1 996, v 
ployment has seriously contributed to the of 1997. 
deterioration of income distribution.” On the < 

Unemployment is affecting the political the end ol 
social and economic life of the country. “We billion), a 
estimate the unemployment rate among our year, acco 
young people to be 23 percent This means quadrillioi 
that one in four young persons of working supplemei 
age in this country is out of work.” There > 


the economic, but also to die 
social stability of die coun- 
ty" 

Last year, GDP growth was 
7.1 percent, and for die first 
six mouths of this year, it was 
6 percent (compared with 8.8 
percent for the first half of 
1996). 

“This gives us a clue to the 
e slowdown in die economy,” 
| says Mr. Taner. The balance- 
| of-payment fi gures for die first 
< quarter of 1997 were in line 
day’s with expectations. The current 

ne minister. account deficit, which had 

reached $4.4 billion at die end 
of 1 996, was $1 J billion for the fust quarter 
of 1997. 

On the domestic front, die budget deficit at 
the end of July was 978 trillion liras ($5.77 
billion), and the estimate for die end of the 
year, according to Mr. Taner, is more than 2 
quadrillion liras — “which means that a 
supplementary budget is inevitable.” 

There will be increased financial discip- 



This picture of Turkey emphasizes the 
severe economic pressure dot 
the country bas been under 
and shows the need for urgent Egppgjgg 
government action. 

“The new government is B5j|3n 
fully committed to a market ||||||^^ . ^ 
economy and will try to en- . yyf 

sure, both domestically sad 
internationally, that state in- Jj 

tervention in die market will 
stay at minimum leveL This 
will permit free market forces j 

to determine the course of ac- J 

don,” explains Mr. Taner. 

He says that 1998 will be an oUnes Taper, 1 
important year in many re- statsfortnsEC 
spects. The new government 1 

has to foster the win to adhieve reasonable 
economic growth and to restrain mflanqn 
white, at the same time, launching structural 
reforms for long-term stability. 


vances by the Central Baa*; 
This gives the Central Bank- 
die freedom to set shortterap 
interest rates and apply an W 
, fecrive monetary 
next year. Mt Taner 
Turkey has had to pay a betgr 
a price for misguided po&» 
Sin dw past- 

I “We will not keep on to-': 
Ipeating the same nustafes.; 
1 The very first thing on our firt 


of the public sector: A modeniA 
t5KrOT state is described as one-con* ; 

gain ing itself widiin 
idaries ofthe basic functions of ; 
providing more room for individuals 
Today, die colossal nature of the stated 
& down the system. We must establish abv- 
ae irstead of a ‘colossus.*” . / 


“Our fundamental aim is to establish iasr- stre ag stale instead ot a colossus, 
ing macroeconomic stability and introduce a .... , I „. r 

sustainable and continuous period of growth Av iding 

in that environment ... these issues remain Mr Taner bebeves drat the pnvate 
our primary objectives in government mi ative have to be Totalized, i 
policy^f^Taner affirms - be ancter and more 


Decisions and transformations 
The government will have to make cour- 
ageous decisions and drastic transformations 
in many fields. Coordinated efforts will be 
needed to reduce the public deficit, which, 
Mr. Taner says, is the main cause of inflation. 
Major government agencies have to be re- 


Taner believes drat the private sector* 
ative have to be revitalized. There ms 
meter and more effective supervision! 
rretionary spending by the public sc^ 
d a more reliable legal regulatory fia^ 

inally. be says, the government basj 
de and support business and econam 
■epreneurship: “The government mu 
create impediments in front of eve 
iarive.” • t 


Appliances Go Abroad 

“When visitors from America or Europe come here and visit our factories they are so 
surprised: they cannot believe what they see," says Erol Saband, wee chairman and 
managing director of AKBANK, one of Turkey’s largest private banks. 

Typical of those factories is the Arcelik refrigerator and washing machine plant on the 
Asian outskirts of Istanbul. In 1995, it produced 2.1 million units, and last year's 
production was nearly 3 million units. Its production plant and research and de- 
velopment facilities are among the most advanced in Turkey. It is one of Turkey’s largest 
private companies (part of the Koc Group), with a turnover of $1.1 billion in 1995. 

"We are the sixth largest producer of white goods in Europe and the 12th in the 
world," says Mehmet Ali Berkman. general manager. Since the European Cusioms 
agreement, which came into force at the beginning of 1996. the company has 
challenged the established giants of the refrigerator and washing machine world — 
Miefe, Wesbnghouse, Kelvinator. Frigidaire and General Electric. With 3,250 em- 
ployees in five plants throughout the country. 10 percent of production — worth 
between $80 million and $85 million — is exported. "Our main markets are Britain, 
France and North Africa. We also sell to other European countries, and about 7 percent 
of our exports go to the United States," says Mr. Berkman. 

Beko, one of iis best-known export brand names for refrigerators, is marketed in 
Turkey under the Arcelik name, the company also produces split air-conditioners, 
walking domestic cleaners and small household electrical appliances. • 


Turk Telecom, the Crown Jewel, to Be Sold 


T he jewel in the crown of Turkey’s privat- 
ization program is Turk Telecom, which has 
been the subject of many years of wrangling 
between successive governments. The constitution- 
al court cleared the way for the sale early this year. 
New York investment bank Goldman Sachs has 
been appointed to prepare the sale, which die gov- 
ernment hopes will eventually raise $10 billion. 

Necdet Menzir, minister of transport and com- 
munications, reportedly said that the first part of the 
sale would take place next January. Before that, he 
said, the government needed to pass a law allowing 
Tuik Telecom to be changed into a corporation; he 
said this would be done by die end of the year. 
Before Ugur Bayar, the new head of the Privat- 
ization Administration (part of die prime minister’s 
office), was appointed last August his acting pre- 
decessor, Yalcin Adi, called the sale of Turk Tele- 
com “the linchpin of privatization in Turkey.” 

The PA says that since the new government took 
over in June, more than $121 million worth of 


privatization sales have been ap- 
proved. The previous government - 

said that it had approved S881 mil- 
lion worth of privatizations since the 
beginning of die year. Last week, the 
Supreme Privatization Council ap- HNjjflp|ll| 
proved die saJe of another S 1 62 mil - 
lion worth of companies, including gSQBK 
four insurance agencies. Sales total- HHH&gpjc 
ing more than S3 billion have been 
made since 1984. What appears to 
have been an over-ambitious target ^ 

of $5 billion had been expected by 
die end of this year. UgvBayw, nt 

Some of die most recent privat- PrndhaBonA 
izations include the sale of Eregli 
Iron and Steelworks (Erdemir); Deniz XakliyaL a 
state shipping company; a tire manufacturer: and a 
number of cement plants. One of the largest sales — 
still being finalized — is of the state-owned Eubank. 
Part of the sale has been completed. 


Ugur Bayar, new bead of the\ 

»- 1 ’- tr Jf I Ilf ■ I 

rnvmusoon Aaiwtfstraoon. 


Turkish Pet) 
are expect® 
Privatizai 
Turban Tur 
Marmarisa 


Oil and gas distributor POAS is to 
be ready for privatization next ye^i 
according to General Manager 
Mehmet Gultekin, following a di- 
rection from die prime minislfe.. 
Nonoperating assets are expected kr 
be in the first part of tbe package^ 
POAS’s profits are expected f6. 
rise sharply this year, to well ovtifi 
$120 million. Total capitalization of 
the company is estimated to &S 
around $1 2 billion. Other important 
sales in the oil sector under ne»- 
gotiation by die 
which includes 
complex, and re 
oleum Refineries C 
[ to raise more than 
jon is also affecting 
km owns a holida; 

■n Ackay. • 




‘^••'V^ourtd 15,000 new accounrs every week, 
more than 3,000,000 new accounts- in the past 
five years... This is Yapi Kredi, Turkey’s largest 
independent private bank. 

Perceiving banking as a life-easing, high-tech 
system, supported by a highly competent staff... 
Continuously creating specially designed 
products based on universal concepts... This is 
Yapi Kredi the bank that represents the ‘‘global” 
in the Turkish banking sector. 


Investing more than $100 million in a totally 
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The uolizarion ot SIM card in Turkey has procured 
a tremendous increase amounting to 300% from 1994 
to the end of 1995 under the leadership of Turkcell, with 
the company having enjoyed an immense appeal and 
a substantial expansion to vast masses. Faced with such 
egregious appeal, TurkcelL, both with its sound 
partnership structure and certified investments and ics 
(lawless service quality has attained a figure of 
950.1)00 subscribers, not only securing a leadership 
position in the SIM card sector but also turning out to be 
one of Turkey's most thriving companies regarding the last 
three years. Ac the hand of Ericsson technology and 
Telecom Finland know-how, Turkcell i$ supplying 
services in 58 countries on 4 continents and 
in 78 provinces of Turkey by means of 12 switches 
and over 4000 TRX... Determined to consummate its 
investment of more than 5550 million by the end of 1997, 
Turkcell has plunged at full pace into increasing its line 
capacity through partnership of 34% Telecom Finland, 
31% gukurova Holding, 15% Ericsson, 

14% M.V. TeJekomunilcjM-nn arid 6% BiJka. Providing 
the best service in Turkey and possessing the most 
capacious coverage area. Turkcell, as i s the case 
presently, is to be the future k-ader of 
GSM network operators, 

Let s talk Turkey is a byword related to business 
meaning 'let as speak frankly and ingenuously'. 
Should you wish to remain frank and ingenuous 
when you speak, then you may well call Turkcell 
Phone * 90 212 285 20 80 


TURK TELEKOM 

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communication source 


L 








'c^JA 





SPONSORED SECTION 


INTERNATIONAL herald TRIBUNE, THURSDAY, SEPTEMBER 25, 1997 


n 


TURKEY: BUSINESS UPDATE 


SPONSORED SECTION 




• ihc 


new 


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^ 'Textile Center Supplies the West 

From Saks to Hotrods to Ca/eries Lafayette, tbse towels may be made in Turkey 






I S'! 




- .Paw. — MCU Wi. 

■■■^ * 34*2* 
.««$***, 


ne of die leading 
companies in the 
. _ Turkish textile sector 

Uslu Holdings, which em- 
ploys 3,500 people. It holds 
?V;,27 percent share of all 
Turkish towel exports to the 
European Union and a 17 
percent share of exports to 


'*wsa 


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stcai ^ 


^■foments 



Public I* 

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the United States. TextMs 
make up 35 percent of rill 
Turkish exports. -it 
S ince die company btfjjan 
operations in 1980 in Jen- 
izli, a leading pro v'incfcl tex- 
tile center, it has achieved 
remarkable growth. / 
“When I began in ttecity, 
there was no real inois trial 
textile business, onl?/a col- 
lection oi small workshops. . 

. . We had 1 920s ichnol- 
ogy," says Atdulkadir 
Uslu. the company’s 
chairman. Development 
was lamperei/ by the 
abseice of af market 
economy a: me time. 
It vas nor antil Tur- 
got OzaV became 
prime minister in 
983 /md began 
reforming the 
svsiem that 


'fP5Fr*n 

This hooded bathrobe comes in various colors md patterns. 


Sold 


private industry started to 
expand. The company car- 
ried out extensive research 
in Europe and North Amer- 
ica. and decided to focus on 
the towel market. The pro- 
duction of towels, some of 
which are the finest in the 
world, has always been a 
traditional product lor textile 
mills. 

“We decided to become 
export-oriented, and today 
we have a very big market 
share in the United States 
and Europe. While most 
manufacturers were looking 
for new markets in the East, 
wc chose to look toward 
America because we 
thought that Western mar- 
kets were likely to have 
stronger and more stable 
economies," says Mr. Uslu. 

Consequently, the com- 
pany embarked on a major 
production overhaul: *‘We 
virtually moved overnight 
from 1920s technology to 
that of the 1 990s, which led 
to a huge growth in pro- 
duction, making Dcnizli one 
of the world’s biggest play- 
ers in the toweling market. 
Because of its position as a 
market leader in the export 
field, wc were never really 


affected by Turkey's eco- 
nomic decline or stability in 
the intervening years." 

Exports rose from about 
Si 75.000 in 1980 to $100 
million last year, Mr. Uslu 
says that, in many respects, 
the growth reflects the eco- 
nomic growth of the coun- 
try- 

Last year, the group pro- 
duced 1 .6 million bathrobes, 
10.2 million towels and 800 
tons of cloth. 

"This year will be even 
better than 1996," says Mr. 
Uslu. 

He attributes the success 
of the company to its flex- 
ibility and to its institutional 
attitude toward work. 

“We give importance to 
quality; wc adapt to new 
technologies; and we 
provide a comfortable, 
peaceful working environ- 
ment in our companies . . . 
and wc have also become an 
engine for growth.” 

Four successful divisions 
Uslu Holdings consists of 
four main divisions. Towels 
are produced by Tumtcks in 
Dcnizli and go to key cus- 
tomers in the United States 
and Europe, including lead- 


ing merchants like Saks 
Fifth Avenue in New York. 
Galeries Lafayette in Paris 
and Harrods in London, 

Two other factories are 
also located in Denizli: Boy- 
asan Tekstil Sanayi. which 
carries out dyeing, bleach- 
ing, printing and finishing; 
and Kulsalteks, which pro- 
duces high-quality dyed 
yam and jacquard fabrics. 

The remaining arm of the 
group is Teksport, estab- 
lished in Istanbul three years 
ago. This is Uslu’s entry into 
the garment industry. Tt pro- 
duces alt kinds of cotton 
wear, and its customers 
already include leading 
brand names such as Naut- 
ica. Wal-Mart, Lane Bryant. 
Hennes & Mauri tz and Lit- 
dewoods. 

Mr. Uslu comments on 
the significance of the an- 
nual Aegean cotton crop, 
which. 20 years ago, had its 
price fixed each Monday 
when the cotton market 
opened in Denizli. This year, 
a cotton futures market is 
planned in Izmir. 

"This will enable our tex- 
tile producers and ready-to- 
wear garment makers to buy 
their raw materials at world 
market prices," says Mr. 
Uslu. "It will bring inter- 
national quality to the mar- 
ket and will see the start ofa 
new era for the cotton in- 
dustry.” » 



AbduBcadRrUsto, 
chairman ot Uslu Holdings. 

The company's mate factories 
are located fnDenfeft a leading 
provincial textile center. 


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. -..i! • 


Hotels Fit for a Sultan 

Both new and refurbished buildings offer comfort and a luxurious atmosphere. 


N ot many 

would pay tospu : . 
night in prison. But 
you can do just thatifyouare 
going to IstanbuL where vis- 
ffprs are spoiled for choice as 
9 «ew and refurbished hotels 
the city n-r." ry rjrge 
.frpm the cc.::tru«.. located 



The Four Seasons Hotel, once a prison. 


Cevlan Intr-Contincntal — 
jrmerly he Sheraton and 
now the flagship hotel of the 
Ceylan folding group — 
which ha; been open for 
only one ?ear, to the unusual 
Four Seasons hotel, a con- 
verted pison located near 
the Topkipi Palace. 

1 Ceylan spent 
$30 million 
renovating the old 
hotel in Taksim 
Square. The hotel 
now has some of 
foe plushest 390 
rooms in town, all 
marble and gilt 
■■ The hotel is-a - 
favorite with busi- 
ness travelers. 

“Istanbul is fast 
becoming one of 
the most popular 
international con- 
gress and exhibi- 
tion centers,*' says 
Jorgen Jorgensen, 
general manager. 

There is also a 
Ceylan Inter-Con- 
tinental in Tur- 
key’s capita], 
Ankara, and oth- 
ers are planned for 


Ankara as well as Izmir, an 
important port and commer- 
cial city on the Aegean 
coast 

Across the street from the 
Istanbul Ceylan Inter-Con- 
tinental is one of foe oldest 
established hotels, the Divan, 
whose coffee shop and out- 
side terrace are popular meet- 
ing places for tourists and 
businesspeople alike. While 
it may lack the luster of some 
of the new hotels, its kitchen 
has always been one of foe 
best 

Traditional Turkish look 
One- of- foe newest hotels, 
also about a year old, is the 
65-room Four Seasons, 
which is small and select and 
very popular with American 
visitors. 

It has been converted from 
its prison days with imagin- 
ation and flair, conserving a 
traditional Turkish neoclas- 
sical look. The original ex- 
terior walls and some of the 
main buildings around a cen- 
tral courtyard have been re- 
tained. The extensive use of 
glass adds light and sophis- 
tication to the public areas. 



Tlw Ceylan trder-ConSnentai Hotel, recently renovated, is heated 
on IstanbuTs famous Taksbn Square. 


For rooms with a view 
and a magnificent panor- 
amic terrace for dining, the 
Swissotel The Bosphorus is 
Trard- to-beatr It is situated- 
on a hillside just behind 
foe historic Dolmabahqc 
Palace, overlooking the 
Bosphorus. 

For sheer elegance and 
style, there is foe Ciragan 
Palace, right beside the Bos- 
phorus. 

It has a unique outdoor 
swimming pool on its marble 
terrace that gives swimmers 
the illusion of being in foe 
Bosphorus itself. Part of the 
300-room hotel is foe re- 
stored Ottoman Palace, with 
12 suites. This is one of Tur- 


key’s top venues for busi- 
ness. entertainment and con- 
ferences. • 


rr.~ r*V^ 

V <*\ 


t Business Briefs 

r-, 

• The stock exchange: Yavuz 
Canevl was appointed 
chairman of the Istanbul Stock 
Exchange after the sudden 
death of Tuncan Artun, who. 
during the last three years, hac 
helped to make the ISEone cf 
the leading exchanges in ths 
ejmergjng markets. Mr. Caneu, 
who is chairman of Tuk 
EkonomI Bankasi, was male 
deputy chairman of the ISE last 
May. 

• Gold: Last August saw the 
start of gold futures tearing, 

l. vyith the opening of the 

■ Istanbul Gold Exchange. 
Aytogu, secretary 
the exchange, said that . feiffl 
now sales had only besi in 
physical gold, which 
record high turnover of 33tons 
in July. Mr. Aytogu hopes all 
participants in the new 1 
market, including bankk and 
foreign investors, will be able 
tp reduce risks. 

• Amine mdustrv: Tui 
Vollari (THY), the 
airline, has arranged a 
million credit to buy; 

Airbus A340. The financing — 
85 percent in export credits 
and 15 percent in commercial 
Idans — was arranged by a 
consortium that included 

' Credit Agricole Indosuez, the 
Manque Nationals de Paris and 
DresdnerBank. 


flK 


C& 1 


J “Turkey: 

! Business Update” 

■ mw 2 i prepared in Us entirety 
■ ! by the Advertising 

I Department of the 

I International Herald 
! Tribune. 

Writer: 

Michael Frenchman, 

> based in 

1 the United Kingdom. 

; Program Director: 

BiBMahder. 


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Manufacturing of: 

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3 










PAGE 9 






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INTERNATIONAL HERALD TRIBUNE, THURSDAY, SEPTEMBER 25, 1997 


OPINION /LETTERS 




Homme Bites Cliien: 
A French-U.S. Truce 


By Jim Hoagland 



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N EW YORK — An Amer- 
ican secretary of state 
urid a French foreign minister 
having words over ihe Middle 
East is dog-biies-man news. 

’ But when Madeleine 
Albright and Hubert Vedrine 
‘•poke on the telephone about 
her journey into the peace 
process earlier this month, 
they broke the familiar 
niold of French-American 
diplomacy: They talked 
before the trip, in friendly and 
rfiuiually supportive terms. 

^ Pardon my Franglais, but 
•yi .lac’s homme biting chien. 
France and the United 
Stales have long been at 
daggers drawn over Wash- 
ington's pro-Israeli policies 
and Paris’s pro-Arab sym- 
pathies. But Mr. Vedrine, 
France's top diplomat since 
June, publicly praised Mrs. 
Albright’s effort before and 
alter her trip, cutting off 
the gloating that would have 
emerged in the past from 
the Quai d’Orsay when 
*he admitted failure. 

“The world needs Amer- 
ica to stay involved in 
rebuilding the peace pro- 
cess,” Mr. Vedrine observed 
this week as he paused in 
. his diplomatic rounds at the 
■^United Nations to explain to 
American the new. less 
gloomy look the Socialist- 
led coalirion government 
has brought to France's 
domestic and foreign affairs 
in four months. 

Mr. Vedrine, 50. is one 
of those brainy, refined civil 
servants the French system 
of meritocracy' is organized 
to produce and promote. 

They run their highly 


centralized narion-sfc 

by (standing vigilantly *y 
the I politicians in vat 
Mn Vedrine calls “the s*d- 
ows of power.” He spe- J4 
years a the Elysde Pace 
in key advisory and -taff 
position: under Predeni 
Frangois Mitterrand, going 
unparalleled experiere in 
coping with “cohabitaon,” 
the Frerch descriptA of 
divided gwemmenL’ 

Thai •xpericnce ’ 
reason Prme Ministe 
Jospin m>ved Mr. 
from the shadows 
stage as : cabinet 
when tin Sociali 
President Jacques 
Gaullist :onservi 
snap par li men toy 
last spring 
Mr. edriit 
analytical wjy a 
of-fact ajrcoch 
affairs ryj-lidri 

ily that n Jos,.— 

his entire abind to project 
to the Freh. { 

Morosand exhausted by 
record umpfoyment rates 
and ecomic stagnation. 
France is revolt against pol- 
itics as uaL The electorate 
turned oiMr. Chirac with 
a vengeae when he called 
parliamerry elections a 
year earl after economists 
warned un that things 
looked en grimmer in 
the montlahead. 

Mr. lirac now has 
grounds dispute Shakes- 
peare: I oink Mr. Chirac 
would sbt the economists 
first, nothe lawyers. The 
French enomy lias picked 
□p. Mr. Spin’s government 
predicts percent growth 



coolly 
matter- 
foreign 
personal- 
bin wanted 


; LETTERS TO THESD1TOR 


al Matmfe 


.About Bosnia 

V Regarding "Bid to Punish 
Serbs Overruled in Bosnia " 
k I Sept. 17): 

■- i 1 SFOR. IFOR. What for? 

LEONORESUHL. 

■ - - ! Portimao. Portugal. 

Regarding ‘‘Backing Down 
in Bosnia" { Editorial . 
Sept. 19): 

Clausewitz said that war 
was the continuation- of 
jlitics by-; other, means and 
a 

Bosoia-Herzegovina, politics 
seem to be the continuation of 
war by other means and 
have a military purpose. 

‘-The international com- 
munity has forced a surrender 
onto two secessionist entities 
and a legitimate government. 
Neither the Serbs nor 
the Croats were allowed 
td- secede; nor was the Sa- 
rajevo government restored 
ai the sole recognizable 
authority in die country. 

As a result, the Serbs and 


polit 

bad 


bune’s ant page featured 
a sharp -ntrast. 

The w Labour govern- 
ment inSritain had reached 
out andiken risks to pursue 
peace Northern Ireland. 
The roll was a pledge 
by Sit Fein, the Irish 
Repub*an Army’s political 
arm, renounce violence. 

Isra-'s vindictive govern- 
ment, m die other hand, 
con tilts to refuse to reach 
put -ahd the fragile pos- 
sibilii o£ 


... , sibilii f>£ peace seen 

political purpose. In the Wte House lawn during 
-Herzegovina, politics preset Bill Clinton's first 
term fading. 

Ii seems that Prime 
Mincer Benjamin Netan- 
yahu government has 
becne consumed by looking 
baevard. Mr. Netanyahu 
shod take an example from 
Prie Minister Tony Blair 
of ritain. While two decades 
of he Conservatives' hard 
tirdid not lead to arms being 
la down, a mere few months 
ofLabonr looking forward 
h> made a difference. 
HOPKINS HOLMBERG. 

Cairo. 


Croats will use any election 
to reaffirm their secessionist 
^aspirations, and the Muslims 

<n Credit Reports 

old homes back, until the Regarding “ When Big 
West decides there’s nothing trother Gets Your Number 
more it can do to help and Wrong” (Opinion, Sept. 23) 
eventually sanctions the by Lynn M. LoPucki: 
partition of Bosnia. According to the Fair 

-In short, all three sides Credit Reporting Act of 1970, 
haVe lost the war, and making Mr. LoPucki has a right 
them vote now can only brins to know what information 
them a srep closer to losin is in his credit report. 

The credit reporting 
agencies are required to leu 
•him about every piece of 
information in the report, and 
in most cases, the sources 
of that information. He is 
also entitled to request this 
inf ormati on over the phone. 

Mr. LoPucki wrote, "I 
hope one day my credit will 
be good again, but I don’t 
believe it will.” I wouldn’t 
take this so lightly. Accurate 
negative information can be 
reported for seven yens; facts 
about bankruptcies can be re- 
ported for 10 years. 

MARIANNE LYMN. 
Lenelingen, Belgium. 


t- ' ii 


li- 


the peace. 

BERNARD HENRY. 
l -' Garehes, France. 

i * 

■, Regarding "The Death ca 
Diplomat Working in a Pke 
He Cared About " (Opinin '. 
a^Sdpt. 20) by Jim HoagUuu'i 
V [Like Mr. Hoagland, I, yp, 
lost a dear friend in that 
helicopter crash on a Bosi^ 
mountainside Sept. 17. Lt 
raged against the imptopiiy 
of using antiquated Rui£an 
helicopters when N< 
fields the most adv, 
helicopters in Bosun, /but 
apparently only for soli 
“But above all, I remefiber 
a itemarkable young Y 
Leah Melnick, who stlftssly 
wtjrked alongside no first 
in . Cambodia and then hi the 
fosner Yugoslavia, /arely 
3€L years old,’ she hiqgiven 
three years of het.ife in 
Bpsnia serving thfjJnited 
Nations and the- Oflce of 
.the High. Represei|ative- 
Bosnia had offend her a 
chance io do somethin in a 
place she. cared abof, for 
people she cared abou 
7 MICHAEL C. WILLLMS. 

Loc on. 

‘jThe writer was dire or of 
information for the nitea 
Nations Protection Fape in 
rtf, former Yugoslavia. 


Blair vg. Netanya n 


rRegarding "Inlsrae, 
C&esriorts” and “ Sint 
* v ows to End Violent ’ 
^ Ulster Aims ” (Sept- 10 
V: nTwo different p< i 

\.f ^0 different' results 

tiUemational Herald 


in 

ijF lard 
Fein 
for 


cies. 

The 

Tri- 


A Booming Industry 

Regarding “The Outlook 
for Workers Isn’t Sunny ” 
(Opinion, Sept. 4) by Paul 
Krugman : 

Although it may be true 
that ‘‘job growth tends to 
be greatest in the occupations 
that new technology afreets 
the least,” there is at least 
one exception to this theory 
The explosive growth of 
jobs in the “telephone sex” 
industry could not have 
occurred without new means 

of communication. ■ 

CR-B. JOYCE. 

■ Allschwil, Switzerland. 

Letters intended for pub- 
lication should be addressed 
“ Letters to the Editor" and 
contain the writer's signature, 
name and full address. Letters 
should be brief and are sub- 
ject to editing. We cannot be 
responsible for the return of 
unsolicited nkumscripts. 



And on the Next Mir Episodes , 
Flames and Flying Borscht 


by next spring. Unemploy- 
ment remains a crushing 
burden, but the French mood 
is lifting. Recent polls give 
Mr. Jospin a stunning 62 
percent approval rating. 

I caught a glimpse of one 
reason for that mood shift 


Neorealism - * a 
sober , empirical 
approach ' - is 
the new French 
diplomatic style . 

when 1 tossed Mr. Vedrine a 
softball question about the 
new government’s popular- 
ity. “I’m not well placed to 
answer that very object- 
ively.” he said with un- 
feigned modesty. “And no 
one could really say now 
if die government is the cause 
or the beneficiary of the 
change that is occurring. But 
the Reach have the govern- 
ment they want: one that takes 
a sober, empirical approach 
to the new realities of the 
world rather than a narrow 
political approach. ' ’ 
Neorealism is the new 
French diplomatic style. In 
their annual conference in 
Paris at the end of August, 
French ambassadors heard 


Mr. Vedrine urge them to take 
into account — without 
rancor — America's un- 
rivaled military, economic 
and cultural power, wherever 
they are stationed. 

“The United States has 
assets not yet at the disposal 
of any other power political 
influence, the supremacy 
of the dollar, control of 
the communications net- 
works, ‘dream factories, ’ new 
technology. Add these up — 
the Pentagon, Boeing, Coca- 
Cola, Microsoft, Hollywood, 
CNN, the Internet, the Eng- 
lish language — the situation 
is virtually unprecedented. 
We have to take this on board 
in our thinking.” 

Mr. Vedrine made clear 
that France will also pursue 
its own interests as “one of 
the seven or eight powers 
with global influence and the 
means to conduct a true glob- 
al policy.” France must make 
sure the United States avoids 
the temptation of “unilater- 
alism and the risk of hege- 
mony” over others. Paris will 
work to construct “a multi- 
polar world of the future.” 

Working constructively on 
the Middle East with Mrs. Al- 
bright — “a professor, an in- 
tellectual.” Mr. Vedrine told 
me admiringly — is pan of this 
double-edged effort: “Europe 
must offer a real commitment 


and involvement. It is no 
longer enough for a country to 
define itself by taking a ’for* 
or ‘against’ position on the 
United States. We have to 
support, or not support, case 
by case, on merits.’’ 

Out of France, that 
is something new under 
the sun. 

The Wushirtgton Post. 


S AN FRANCISCO. Nov. 1 
— The Mir space station 
collided with a hot-air 
balloon over the Alps, 
the Russian space agency 
announced today. 

“Thank God we’re alive!” 
exclaimed Yuri Tsvetnoy, 
senior cosmonaut aboard the 
aging space station, after 

MEANWHILE 

radioing to ground controllers 
that the spacecraft had acci- 
dentally dipped so low that 
it brushed againsr a balloon 
floating 4,000 feet (1,200 
meters) above Oberalpstock. 
Switzerland. 

The incident took place 
Oct. ] 5 but was made public 
only today by Russian space 
officials, who described it 
as a “temporary departure 
from nominal orbit.” 

Nov. 2 — The ailing Mir 
space station spun wildly out 
of control for nearly 25 hours, 
spray ing everyone aboard 
with cold borscht, the Nation- 
al Aeronautics and Space Ad- 
ministration admitted today. 
Russian officials said the in- 
cident Ocl 1 9 resulted from a 
jammed thruster valve. 

A spokesman said NASA 
delayed announcement of the 
event “because it was Sun- 


Bv Timothv Ferris 


day morning and everybody 
was in church, praying.” 

The borscht, unleashed 
when centrifugal force from 
the spin blew open the lid of 
the Borscht Detainment 
Vehicle, or BDV, provided 
the three Mir astronauts with 
their sole nourishment during 
the daylong ordeal. 

“Thank heaven for the 
failed BDV!” exclaimed 
Yuri Tsvetnoy, the crew's 
senior member. 

Skip North, the sole Amer- 
ican aboard, said he had failed 
to develop a taste for borscht 
and complained that he was 
running low on Spang, a con- 
centrate of Spam and Tang. 

Nov. 3 — Jets of flame 
began spouting from every air 
vent aboard the Mir space 
station three weeks ago and 
have not yer abated. Russian 
and U.S. space officials con- 
firmed today. A NASA flight 
controller called the problem 
“troubling,” but Russian of- 
ficials said the flames * ’do not 
interfere with normal space 
station operations. ' ’ 

Officials conceded dial the 
fires were rapidly consuming 
Mir’s dwindling oxygen sup- 
plies, but predicted "that the 


The Tigers of Asia 


ITL TELL YOU 
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three astronauts aboard could 
“survive indefinitely” by 
lighting oxygen candles, 
sucking air from tanks on (heir 
space suits and gnawing on 
unwashed socks worn when 
the atmosphere aboard still 
contained sufficient oxygen. 

Nov. 4 — The Mir space 
station collided with a com- 
munications satellite today, 
smashing both spacecraft into 
fragments but leaving the 
three astronauts involved un- 
harmed and in good spirits. 

Vladimir Solovyov, Rus- 
sia’s mission control chief, 
said all three were in 
orbit, “clinging to bits of 
flotsam midway along the 
70-mile-long debris trail.” 
He characterized crew 
morale as “high.” 

Radio transmissions from 
the veteran cosmonaut 
Yuri Tsvetnoy seemed to 
confirm that he, at least, 
was in good spirits. 

“Praise be. we made it 
through,” he said, cheering 
his colleagues with a lusty 
rendition of “Song of the 
Volga Boatman.” 

The collision occurred 
after a vacuum tube failed in 
the troubled station’s Red 
Dawn 8088 computer. It 
destroyed one of Royal Saudi 
TV’s 16 low-orbit Golden 
Oldies communications satel- 
lites. interrupting broadcasts 
of * ‘The Monkees ’ ’ and 
“Leave It to Beaver" to five 
Middle Eastern nations. 

NASA was weiglung 
whether to try an immediate 
rescue or wait and see wheth- 
er the crew could glue togeth- 
er enough pieces of the craft 
to create a serviceable abode. 

A third option was to delay 
returning the astronauts to 
Earth until the new interna- 
tional space station can ac- 
commodate them. Construc- 
tion is scheduled to begin next 
year on the new station, which 
will include a Swedish sauna, 
an English squash court 
and an Italian sausage grinder 
designed to test whether 
sausages can be manufac- 
tured in microgravity. 

The mt iter, whose latest 
book is " The Whole Shebang: 
A State-crf-ihe-Universe(s) Re- 
port." contributed this com- 
ment to The New York Times. 


Project Finance in the 
Middle East 

A one-day conference for business 
organised by MEED and MEEDMONEY 
in co-operation with 

AfiZ Investment 5ar?k 

GULF INTERNATIONAL BANK, BJLC 

6 November 1997 
Cafe Royal, London 

According to the World Bank, the Middle East and 
North Africa region will have to invest up to 
$370,000 million in infrastructure in the next 10 
years. A growing proportion of this figure 
will have to come from the private sector 
in the form of debt and equity. 

To highlight the issues and explore the opportunities 
for banks and investors. Middle East Economic 
Digest • (MEED), the weekly magazine for those 
dealing in and around the Middle East, and 
MEEDMONEY* the finance journal for the region, are 

to hold on 6 November 1997 In London, Project 
Finance in the Middle East, a one-day conference for 
senior decision makers and analysts. This event will 
review general needs and trends in the region and 
focus on specific opportunities emerging in some of 
the main markets of the Middle East 

AGENDA HIGHLIGHTS 

• Economic prospects in the Middle East to 2005- 
speaker. Edmund O'Sullivan, editor-in-chief, MEED 

• Middle East major project overview 

m New developments in global project finance 
markets ' 

• The Sobic project pipeline to 2005 

9 Haw Sadaf, Ibn Rushd and Saudi Chevron were 
financed 

9 Developments in financing Saudi Arabian power 
projects i speaker Steven Miles, Arent Fox Kintner 
Ptotkin & Khan 

-9 The Ghazfan power project finance profile 
9 The Qatar project pipeline and new approaches 
to project finance - speaker representative of Qatar 
Petroleum Corp. and from Qatar National Bank 
9 New Omani projects - speaker. Hunaina 
Af-Mughairy; director general of investment 
promotion, Oman Centre for Investment Promotion 
Sr Export Development (OOPED) 

9 Financing major projects in Oman 
9 The Abu. Dhabi utiRty privatisation programme 
9 How Kuwait's Equate project was financed 

9 The ECA prospective on financing Middle East 

projects - speaker Martin : Crane / managing under- 
writer for dvil projects in the Middle East, ECCD, 
London 

For further details or to reserve a place, 

MEED Conferences, MEED House, 

21 John Street, London, WC1N 2BP, UK 

T e»: +44 (171) 470 6200/6406 
Fax: +44.(171) 430 0337 

email: annacOme c Acniap.co.uk 



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PAGE 10 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, SEPTEMBER 25, 1997 

HEALTH/SCIENCE 




U.S. on Verse of Approving Thalidomide for Leirosy Patients 

nf ifnmsv that causes skin lesions. 


By Sheryl Gay Stolbeig 

New York Tima Service 


W ASHINGTON — 
Thalidomide, the drug 
whose use in the 1 960s pro- 
duced thousands of babies 
with flipperlike arms and other gross 
deformities, is on the verge of receiving 
approval from the Food and Drug Ad- 
ministration, nearly four decades after 
the agency's legendary decision to reject 
it for use in the United States. 

Officials at the agency announced on 
Monday that they intended to approve 
thalidomide for use in treating leprosy, 
as long as die company seeking to mar- 
ket it could adhere to several conditions, 
including elaborate restrictions designed 
to keep the drug away from women who 
are or might become pregnant. 

But the potential benefits of thalidom- 
ide are vast, and experts expect doctors 
to quickly b egin prescribing it for, *’ off- 
label"- uses. In recent years, thalidomide 
has been experiencing a revival of sorts, 


and scientists are experimenting with it 
for maladies as diverse as AIDS, brain 
cancer, lupus and other autoimmune dis- 
eases. Advocates for people with these 
conditions have been urging the agency 
to make it available. 

“The company has met its scientific 
obligation in showing that the benefits 
outweigh the risks” in treating leprosy, 
said Dr. Murray Lumpkin, deputy di- 
rector of the FDA's Center for Drug 
Evaluation and Research. “The issue 
now is how can you manage the down- 
sides of this drug? That is the chal- 
lenge.” 

Dr. Lumpkin could not say how soon 
the drug might be approved for use. But 
an official with Celgene Cotp., the com- 
pany seeking the approval, said he ex- 
pected that Celgene would be able to 
satisfy the FDA’s conditions in a matter 
of weeks. The official Bruce Williams, 
said the company had already produced 
enough of the drug to market it im- 
mediately after approval. 

News of the letter to Celgene left 


surviving thalidomide victims sad- ing, and there is no good mechanism for would become dw ^osWily AnhaHieS 

dened. but not surprised. “This is not a doing that. ulated drug m the Umtedhtes. some of the FDA’s own medical 

happy day.” said Randy Warren, who t will now be up to the FDA and SLm recommended that the ban rc-; 

was bom without hips after his mother Celgene to agree on a system for dis- the FDA must strike a deftie balance, e*gen* feared that 

took the drug and who now leads the tributing the drag. They will not have to weighmg ihe interests rffomen who ^^^100 widely avail*: 

Thalidomide Victims Association of stan from scratch: Celgene has already need the drug against the kit/Iedge that the worn 

nnr a Hav WP iw i rmwl tiohf rantmic havH nn n cveiam Arformed babies will uuahtedlv be ablf through off-labe 


Canada. “But it is certainly not a day we 
didn’t expect. It’s another stop on the 
journey of tears.” 

Health experts said approval of the 
drag, especially if it was used for a 
variety of conditions, would almost cer- 
tainly lead to the births of babies with 
defects that were seen in countries where 
thalidomide was marketed as a sedative 
in the 1960s. 

R. NORMAN FOST, an eth- 


proposed tight controls, based on a system 
used for acutane, an acne drug that has 
severe side effects in pregnant women. 

Under Celgene’s proposal, drugstores 
would be required to register to buy 
thalidomide, and pharmacists would not 
be permitted to dispense more than a 
month's worth of the drug. There would 
be no automatic refills, and all patients 
would be required to register in a national 
database before receiving the drug. 

Doctors and their patients would be 


deformed babies wQl umibtedly be 
born. \ 

“The goal here is not to nduce zero 
risk.” he said. “The only wato do.that 
is not to have the drug on the ferket. But 
you can get it close to zeT without 
limiting access to women in ajay that is 
unreasonable.” 1 

Mr. Warren said he was bring him- 
self for the birth of more “Etidom- 
iders” as be calls himself and fe 5,000 


becoming a wonder drug- Once it is 
approved by the FDA there is nothing to 
stop doctors from prescribing it for other 
things. It will be crucial that there be 
safeguards to prevent off-label pres crib- 


A New Strain of TB Emerges 


By Denise Grady 

New York Times Senicc 

N EW YORK — A highly con- 
tagious, rapidly growing 
strain of the bacteria dial 
cause tuberculosis has mys- 
teriously emerged in the foothills of the 
Smoky Mountains, in a rural area along 
the Tennessee-Ken rucky border. 

The new strain multiplies in the lab- 
oratory 1,000 times as fast as a typical 
tuberculosis bacterium, and it swept 
through the community with astonishing 
ease, spread by even fleeting contact, 
like that between two people standing 
near each other outdoors at a fast-food 
stand. Fortunately, standard medications 
work well against die organisms, which 
have not become drug-resistant. “This is 
something we haven't seen before,” 
said Dr. Sarah Vaiway. chief of the 
epidemiology section in the tuberculosis 
division at the Federal Centers for Dis- 
ease Control and Prevention in Atlanta. 

* ‘The lab people have no record of any 
TB bug growing like this one." 

The bacteria caused an outbreak in the 
region from 1994 to 1996, during which 
21 cases of active tuberculosis were dia- 
gnosed and 337 people who were not ill 
with the lung disease nonetheless had 
positive skin tests, indicating that they 
were infected with the bacteria. More 
recently, new cases have dwindled, a 
decrease that health officials attributed 
to prevention and treatment programs 
that were begun as soon as the first cases 
were discovered. “Right now;, we’re on 
a plateau, 1 think.” said Dr. Christine 
Weyman, medical director of the Lake 
Cumberland District Health Depart- 
ment, in Somerset, Kentucky. “I hope 
and pray it’s past its peak.” 

Dr. Vaiway presented the first public 
report on the new TB strain on Sept 14 at 
a meeting of the Infectious Disease So- 
ciety of America, in San Francisco. She 
did not disclose the exact location of the 
outbreak because, she said, the area is so 


small that naming it could jeopardize about a 2 
patients' confidentiality. An esf 

The spreading disease came to light that thos 
almost by accident when a child reg- groups at 
istered positive on a routine skin lest for like poc 
tuberculosis in the spring of 1995. She AIDS, th 
was noi ill. but the test meant that she with w 
was infected with TB bacteria. Rather, ti 

Most healthy people who become in- young, he 
fected — 90 percent to 95 percent — do spent all 
not go on to develop active tuberculosis, in a regio 
and the infection at that stage is not con- Eventu 
tagious. Their immune systems fight off disease, a 
die bacteria, and the infection becomes people w« 
dormant Even though the first infected 73 percer 
child was well, she was given a six-month well, incl 
course of preventive medication. conduclin 

Bur how had the girl become Infected? one peopl 
Tuberculosis is contagious when it has who cairn 
progressed to the stage of active disease case.' ' w; 
in the lungs or larynx, and so local health fected the 
officials knew that the child must have through a 
been exposed to someone who was ill. It DN A f 

turned out to be her uncle, who had been samples u 
sick for some time without realizing that active dis 
he had tuberculosis. be genetii 

The uncle worked in a factory not far idea that 
from the state line, with employees from fected. or ! 
Kentucky and Tennessee, and health de- the outbr 
partments in both states began screening named tin 
them. Tuberculosis is an airborne dis- 
ease: One person catches it by inhaling Mk 
the bacteria that another has coughed up, 
and the infective panicles can linger in 
the air for hours. The work floor in the 
factory had high ceilings and good vent- turned up 
ilation, which might be expected to casual co 
lower the risk of transmission. The caf- looked. SI 
eteria, though, was more closed-in, with not been d 
less fresh air. Health officials said that we're iool 
they expected to find some people in- Where 
fected, but not many. from is ui 

‘ ‘When we read all the skin tests, that’s had found 
when the amazing thing happened, ' ’ said culosis ba 
David Crowder, a TB adviser for the tagiousnes 
disease-control centers. “An extremely she said it 
large percentage were positive, 181 of to multipl; 
264 employees. That’s 69 percent It’s faster ihari 
die highest Tennessee has ever seen. On it gives t 
average, even with close contacts, we gel establisho 


about a 20 percent infection rate.” 

An especially surprising finding was 
that those infected did not belong to 
groups at higher risk of contracting TB. 
like poor immigrants, people with 
AIDS, the elderly, and cancer patients 
with weakened immune systems. 
Rather, the infected people were mostly 
young, healthy, working people who had 
spent all their lives in the United States 
in a region with few immigrants. 

Eventually, in an effort to contain the 
disease, a total of 46 1 contacts of infected 
people were traced, and 337 of them, or 
73 percent, turned out to be infected as 
well, including 8 of the health workers 
conducting the investigation. Twenty- 
one people had active tuberculosis. One. 
who came to be known as the “source 
case.” was a man thought to have in- 
fected the uncle of the first infected child j 
through a casual contact in 1994. , 

DN A fingerprinting tests on bacterial 1 
samples taken from 1 3 of the people with I 
active disease showed the organisms to 
be genetically identical, supporting the 
idea that all the patients hud been in- 
fected. or had infected each other, during ! 
the outbreak. The bacteria have been j 
named the O strain. i 


Doctors and their patients would be other sunlvore. “I think ontjaby is 
required to undergo extensive education, going to be one baby too man) V\e said, 
ana women of childbearing age would “I dread that day'more than tiiaiay.” 
be required to show proof that they were The FDA made the anncu&ment 
using contraception. Female patients just two weeks after a panel of inside 
would also be required to take pregnancy scientific advisers voted, 8 to i 2,\o re- 
tests at least once a month. commend that the agency app&b the 

If such restrictions were to be im- drug for patients with erythrtnA no- 
posed. Dr. Lumpkin said, thalidomide dosum leprosmn, or ENL, a conftjio- 


L EPRQSY affects about 7,000 
people in the United States, 250 
of whom receive thalidomide 
through a government “com- 
ssionate use” program. But tens <% 
oq sands of others with cancers aoi 
min AIDS-related illnesses, include 
g the severe weight-loss condi tion 
iown as wasting, might also benefit^ 
om the drug. 

The FDA clearly fears that doctors \ 
rill be too quick to prescribe the drug fw 
kes other than leprosy; it has alreat* 
fid Celgene that the company cannfl 
Ee the trade name it had proposed f® 
SaJidonude because the name, synavS* 
bunds too much like that of Sever®, 
nil viral drugs used to neat AIDS. 


,\V 


■,U1 


11- 


A LTHOUGH the outbreak I 
seems to have ended. Dr. Val- i 
way said it would not be sur- ■ 
prising if a few more cases j 
turned up in the region because some j 
casual contacts may have been over- 
looked. She also said that the strain had 
not been detected outside the area. "And 
we're looking for it.” she said. 

Where the new bacteria strain came 
from is unknown. Dr. Vaiway said she 
had found no reports of any other tuber- 
culosis bacteria like it. Its extreme con- 
tagiousness is also unexplained, though 
she said that might stem from its ability 
to multiply so fast. “Maybe they grow 
faster than your body can kill them, and 
it gives them a better chance to get 
established, ” she said. 




The Dollar Bill’s Cocaine Trail 



-'■sit;. 




By Malcolm W. Browne 

New York Times Service 

EW YORK — Roughly 
three-quarters of the SI bills 
circulating in the Chicago 
suburbs, Miami and Houston 
are tainted with cocaine, the Argonne 
National Laboratory in Illinois has de- 
termined. But despite assertions by 
many defense lawyers that their clients 
were accidentally contaminated by co- 
caine-tainted money, cocaine in the bills 
does not normally rub off on skin, an 
Argonne chemist said. 

As a result of the laboratory 's finding, 
many defendants who might previously 
have been acquitted of charges of co- 
caine possession may now be convicted, 
the laboratory predicted. 

Dr. Jack Demiigian. a chemist at the 
laboratory, said in an interview that his 
group had found cocaine in 78 percent of 
the SI and S2 bills circulating in the 
suburban Chicago area, and a similar 
proportion for bills the laboratory 
sampled in Miami and Houston. “The 
level of cocaine contamination is pre- 
sumably about the same in dollar bills in 
all laige American cities," he said. 


Growth Hormone Study 

NEW YORK (NYT) — A large study 
has cast strong doubt on the increasingly 
common practice of giving growth hor- 
mone injections to short children to help 
them reach an average height. It con- 
cludes that years of treatment do not 
achieve this goal even for the one group 
of children who are thought to benefit: 
those who are deficient in human growth 
hormone, a pituitary gland chemical that 
Stimulates growth. 

Doctors at the University of Paris 
followed hormone-deficient children 
from the time (hey started treatment until 
they had attained about 98 percent of 
their adult height. Their grovtth was, on 
average, 2.4 to 2.7 inches <6 to 7 cen- 
timeters) less than was expected, said 
Dr. Joel Coste, the lead author and an 
associate professor of biostatistics at the 
University of Paris. “Growth hormone 
treatment has not restored normal 
growth to these children,” Dr. Coste and 
his colleagues wrote in the current issue 
of The British Medical Journal. 

The hew study is significant because it 


When paper money comes into con- 
tact with cocaine, the group found, fine 
particles of the drug become embedded 
in saw-toothed fibers of cellulose within 
the paper, while coarser particles fall 
away. *‘Wheo we examined the surface 
of the money with a scanning electron 
microscope we did not find cocaine, but 
when the surface was abraded, cocaine 
particles embedded in the underlying 
cellulose fibers became visible,” he 
said. 

More important from a legal stand- 
point, the laboratory found that people 
who handle cocaine-tainted money usu- 
ally remain free of contamination, except 
in cases in which the money came into 
contact with large amounts of cocaine 
immediately before a person handled it. 

The project was conducted in col- 
laboration with the Coast Guard, the 
U.S. Customs Service, and the Office of 
National Drag Control Policy. 

To assess the degree of cocaine trans- 
fer from tainted bills, the chemists wiped 
the money with filter paper that was sent 
to a laboratory, which analyzed vapor 
from the money using a technique called 
ion mobility spectrometry. 

Normally, $1 and $2 bills are not used 


is one of the few studies on growth hor- 
mone that followed children until they 
were almost frilly grown. It lasted from 
1973 to 1993 and monitored 3,233 chil- 
dren for an average of about four years. 


A Treatment for PMS 

CHICAGO (AP) — Some women 
with a severe form of premenstrual syn- 
drome can be helped by the antidepress- 
ant Zoloft, a study shows. 

The drag's maker, Pfizer Inc., funded 
the study of 200 sufferers at a dozen 
medical centers across the United States. 
About 62 percent of the women given 
Zoloft showed “much or very much im- 
provement’ ’ compared with 34 percent of 
women given a placebo, the researchers 
reported in The Journal of the American 
Medical Association. 

Previous research has found other 
antidepressants — Anafr anil, Prozac 
and Paxil — effective in treating severe 
menstrual symptoms, the researchers 
noted. The Zoloft group improved in 
psychological and social functioning in 


to purchase cocaine. Dr. Demirgian said, 
but they are often used to wrap “rocks” 
— - chunks of solid cocaine chipped off 
bricks of the drug weighing up to 1 
kilogram, or about 2.2 pounds. 

Paper money is used in place of news- 
paper or magazine scraps for packaging 
rocks, because it does not transfer ink to 
the cocaine. Dollar bills also come into 
contact with the drug when they are 
rolled by cocaine users into tubes to 
“snort” cocaine powder. 

Once a person's hands come into di- 
rect contact with cocaine. Dr. Demirgian 
said, even the regimen of repeated scrub- 
bing surgeons undergo before operating 
leaves a cocaine residue that persists for 
ar least two days. "After the initial wash, 
the cocaine level in the hands goes 
down, but then it comes up again as 
cocaine in the skin migrates to the sur- 
face,” he said. 

Most cocaine transactions are paid 
with S10 and S20 bills. Dr. Demirgian 
said, and most such bills contain a 
“background" level of cocaine of about 
5 or 1 0 micrograms of the drag. Only if a 
bill is found to have 1,000 times" this 
amount can analysts assume it was used 
in a drug transaction, he said. 


a way similar to patients with major 
depression, the researchers said. 


Slow Night in the Lab 

NEW YORK (NYT) — People who 
prefer the wee smali hours of the morn- 
ing may think that at night they are just its 
sharp as during the day. But researchers 
at the Western Psychiatric Institurc and 
Clinic in Pittsburgh say no. 

Timothy Monk and Julie Carrier stud- 
ied IS healthy adults ranging in age from 
19 to 28 who stayed awake for 36 hours, 
starting at 9 A.M. The subjects were 
asked to respond to relatively simple 
statements about which letter of the al- 
phabet follows which. For instance; C 
follows M. or M follows C. 

They all got most of the answers right, 
day and night, although it took them 
longer at night, which was not a great 
surprise. Wfrat was surprising, the re- 
searchers report in the current issue of 
Sleep, was that even after a night without 
sleep, the subjects were quicker in the 
daylight than they were the night before. 



1 Checked lor 
prints 

7 "What loots 
these mortals 
be" writer 
Under close 
scrutiny 
is Apple variety 
is Hopper 
«s Wee 

w Lesley ot "60 
Minutes' 

20 Fire 

21 Sweeping 

23 Put the pedal to 
the metal 

m Release forcibly 


as Birthplace ot 
Columbus 
aa Quarterback 
play 

st Sidewalk stand 
ottering 

33 Cold war grp.? 

34 1963 Shirley 
Maclaine role 

ss Russian river in a 
Sholokhov title 
30 Skipper 
41 Bother 
« Duds 

43 Scratch the 
surface 

44 Member ot 
32-Across 


Solution to Puzzle of Sept 25 


nnna ssna njDonn 
□□Bn anna nnnag 
gnnramanaB rnaaaa 

E0H E0QE3 HODHSa 
□EEEQmO 0130013 

□□□ mmon □□□ 
EnannECiran oarnas 
Bsms snaas nuBa 
□SEES QnBHEIpBSn 

BOH anon san 

^ nraassno 

gannas ejedqo hcde 
ohcjoq Bnoamgantn 
§□□□13 0 cjes naan 
SDPBB ansa □□□□ 


ss Master's degree 
requirement 


Si SnalKke 


ss Pastoral sounds 


se No-show 


Vadis? - 
®* Juniper 
04 ■Driving Mbs 
D aisy' co-star 
ss Like TVs Ninja 
Turtles 
“So-called 
'Gateway to 
Australia' 

® 7 Like Felix 
viB-A-vis Oscar 


1 GoM course 
leature 

2 Green 

2 Leader bom in 
Georgia 

4 Lead-in with 
angle 

3 One overseas 

• Pub diversion 
r Taste 

5 Wittim; Prefat 

• Tidal points 
to Lark 

tt Came 10 wst 


12 King Kong, e.g. 
14 Track and field 


white, perhaps 


22 Kind of tar 


27 Southwest 


30 Measure of 

33 Gelatin 
substitute 


3f Blind devotion 


Scheherazade 


co-Nobefisi 
4* Plumlike frurt 
saAkponv.t.p. 

section 
30 He brought 
DraculatoNfe 
as Common door 

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INTERNATIONAL HERALD TRIBUNE, THURSDAY, SEPTEMBER 25, 1997 


HEALTH /SCIINCE 


Solar Magnetism and Temperature 

which varies along the frequency of sunspots, is inversely related to 
the deviation in the average Northern Hemisphere land temperature. y 8131,30 IO 

Langffi of Soiar Magnetic Cycle 

27 years 


18 



1750 18QQ 1850 1900 1950 1984 


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T • 11 year 

43S ■fTfH ■Mf mor/ng 

SS f ^Br* r 

•IflB ^ 

-1.26 f 

-1.44 


Human Role in Global Warming 

A key question in climate change is the relative roles of natural processes and human activities in altering the world's climate. 
When the system is in balance, the atmosphere traps some of the sun’s warmth but Ibis the rest escape. An excess of 
greenhouse gases is thought to warm the planet by trapping more sunlight. 


Naturally 

moderated 

process 


1750 


1800 


1850 


1900 1950 1975 



Unbalanced 

greenhouse 

effect 



As more re- r a dialed 
hearts reflected back 
to Earth, the surface 
temperature rises. 



Harvard- Smrihsonan Conor tor Astrophysics: NYT 


Can We Blame It on the Sun? Another Culprit in Climate Changes 


By Willi am J. Broad 

||t New fort Tuna Service 

EW YORK — The blame for 
die global temperature rise in 
the last century is often laid oa 
civilization and its genius for 
generating clouds of greenhouse gases 
that trap sunlight in the atmosphere. But 



another possible culprit is fast emerging. 

For centuries, scientists have known 
that the sun is less steady than sunbathing 
and casual observatiun suggest. Ii has 
seasons and storms and rhythms of ac- 
tivity, its sunspots and flares appearing 
in cycles roughly 1 1 years long. But only 
in the past decade or so have these and 
other kinds of solar variations begun to 



be lied to climate shifts mi Earth — first 
tenuously, and more solidly of late. 

Today, a growing number of scientists 
contend that the sun’s fickleness might 
rival human pollution as a factor in cli- 
matic change. And some research, 
though sketchy and much debated, sug- 
gests that the sun’s variability could 
account for virtually all of the global 



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■me wnRirrS DAJIY NEWSPAPER 


warming measured to date. 

Other experts dismiss the possibility 
of such an influence, even while saying 
the solar factor should be studied more 
thoroughly. The sun is now approaching 
a stormy period in its H -year cycle, 
promising a wealth of new data (and 
possibly hot weather) that might help 
answer the riddle. 

In recent years, climate detectives 
have focused mainly on discovering 
statistical links between things like long- 
term fluctuations in the world's tem- 
perature and the sunspot cycle's length, 
which varies from eight to’ 15 years and 
averages 1 1 years. 

Those links are now seen os firm. 
Increasingly, scientists are trying to pin 
down the physical mechanisms that 
might be at work. This is considered a 
crucial step because correlations can oc- 
cur by chance, as is perhaps the case with 
crimes of violence and the phases of the 
moon. Bui if scientists can discover a 
"why" that links the phenomena, they 
may be able to turn speculation into 
verifiable fact. 

Experts are now scrutinizing three 
solar variables as likely agents of ter- 
restrial change: the sun's overall bright- 
ness, which is seen as affecting tem- 
peratures: the sun's ultraviolet rays, 
which are seen as affecting winds and 
ozone production high in the atmo- 
sphere, and the sun’s storms of magnetic 
fields and subaromic particles, which are 
seen as affecting rainfall and the amount 
of cloud cover. 

Many pieces of the puzzle, said Dr. 
Brian Tinsley, an atmospheric physicist at 
the University of Texas who works on the 
problem, are rapidly being “fitted to- 
gether ro suggest a fascinating picture.'’ 

Dr. Sallie L. Baliunas, an astrophys- 


icist at the Harvard-Smith sonian Center 
for Astrophysics in Cambridge. Mas- 
sachusetts, aid the breakthrough insight 
might occur tomorrow “or we could 
struggle for decades.” She added: "It’s 
maddening. I wish I had a crystal ball.” 

Interest in the field is rising fast. At its 
next annual meeting, the American As- 
sociation for the Advancement of Sci- 
ence, the world’s largest general scientific 
society, is holding a session titled "New 
Frontiers in die Sun-Earth Connecrion." 

Experts say much of the ferment de- 
rives from a rush of physicists, astron- 
omers and astrophysicists onto turf cus- 
tomarily trod by meteorologists and 
atmospheric scientists. Such interdisci- 
plinary forays are often quite fruitful, as 
when geologists and astronomers seized 
on cosmic bombardments to explain mass 
extinctions on Earth over the ages, going 
beyond the theorizing of paleontologists. 

The central fan that commands the 
attention of all scientists investigating 
climate change is that average global 
tempera lures appear to be rising gradu- 
ally, going up roughly one degree 
Fahrenheit between" 1880 and the 
present. The question is: Why? 

OST scientists say they are 
unsure about how much of 
the observed warming is 
due to natural causes and 
how much stems from human activities. 

Conventional wisdom points to a sig- 
nificant role for heat-trapping gases like 
carbon dioxide, which is a natural pan of 
the atmosphere but is also emitted by 
cars, factories and the burning of oil, coal 
and wood around the globe. Levels of 
this and other greenhouse gases are rising 
and are thought to be warming the planet 
by trapping sunlight that otherwise 



would be reflected back into space. 

Heeding this logic, the nations of the 
world are to meet in December in Kyoto. 
Japan, to try to negotiate cuts in emissions 
of the heat-trapping gases. Not surpris- 
ingly, given the sketchiness of the science 
and the political difficulty of Dying to 
curb industrial growth, debate is rising on 
whether such cuts are warranted. 

Some experts contend that the ma- 
jority of the century’s warming occurred 
before 1940 and that most of the gas 
buildup occurred after that. Thus, they 
argue, only part of the temperature rise 
— perhaps a small part — can be at- 
tributed to human activity. 

Clues to the sun's effect on climate 
can be found in the many intriguing links 
between terrestrial shifts and solar ac- 
tivity. For instance, the snow layers of 
glaciers show’ curious variations in dust 
and chemical residues that appear to 
echo the solar cycle, as do records of tree 
growth and storm paths. 

The biggest correlation of all occurred 
centuries ago, when the number of sun- 
spots fell sharply between 1640 and 
1720 and the Earth cooled about two 
degrees Fahrenheit Northern Europe 
was hit especially hard, as its glaciers 
and winters lengthened. 

The mystery began to lift in the late 
1970s as satellites started to fly above 
the obscuring atmosphere to study the 
sun directly. A decade later, the verdict 
was in. Contrary to intuition, the sun was 
found to be brighter when sunspots 
abounded and dimmer when they van- 
ished. The reason was simple, at least in 
retrospect. It turned out that bright 
patches known as faculae, which ac- 
company sunspots in the 11 -year solar 
cycle, overpower the dimming effect of 
the dark blemishes. 


Diet Drugs: A Cautionary Tale 


By Gina Kolata 

New York Times Service 



EW YORK — In 1995, des- 
rate for extra money,, Dr. 
rad Levavi, a Lbs Angeles 
internist, went to work for a 
brief period at a weight loss clinic that 
was run by a chiropractor and overseen 
by an infectious disease specialist 
He was paid $50 an hour to race 
through what he called “very, very cur- 
sory exams’ ’ of six patients an hour. The 
patients paid the clinic $ 100 for an exam 
and paid an additional $27 for blood 
tests. The clinic’s weight Joss education 
program. Dr. Levavi added, “consisted 
of a video loop in the waiting room.” It 
was, he said, "very upbeat, showing 350 
pounds melting into 135.” 

Dr. Levavi gave the patients what they 
wanted, prescriptions for the diet drugs 
known as fen-phen, with the fen re- 
ferring to fenfluramine or dexfenfluram- 
ine, an appetite depressant, and the phen 
referring to phemermine, a type of am- 
phetamine. When patterns needed re- 
fills, the chiropractor would hand them 
inscriptions already signed by the in- 
fectious disease specialist who ran the 
clinic. Dr. Levavi said. 

On SepL 15, fenfluramine and dexfen- 
fluramine were withdrawn from the mar- 
ket by their makers, responding to a 
request by the U.S. Food and Drug Ad- 
ministration, because doctors had sub- 
mitted data ro the agency indicating that 
the drugs may cause heart valve defects 
in as many as a third of patients. 

The rise and fall of the fen-phen craze 
is a morality tale for our times, said some 
medical experts. The drug combination, 
which seemed a magic pill for obesity, 
soared to popularity on the basis of a 
single study involving just 121 patients. 
Eventually, an estimated six million 
Americans took fenfluramine or dexfen- 
fluramlne, most of them women, not all 
of them obese. 

The tale speaks to the limitations of 
current metbods of evaluating drug 
safety. It speaks to Lhe willingness of 
some doctors, who see a quick flow of 
ready cash free from the constraints of 
managed care, to lure desperate pa- 
tients, who will do almost anything to 
lose weight. It also raises questions 
about the FDA’s standards for approv- 
ing diet drugs, as well as about the way 
that drugs are monitored after they are 
on the market. 

The story started more than two de- 
cades ago when fenfluramine and pben- 
termine were approved for short-term 
use as diet aids. They never gained much 
of a market because they were not very 
effective. 

Bui in 1979. Dr. Michael Weintraub,a 
professor of clinical pharmacology ai 
the University of Rochester wbo has 
since moved to the FDA to head one of 
its divisions of new drug approval, got 
the idea of trying them in combination. 
Perhaps. Dr. Weintraub told himself, a 
mixture of two mediocre weight-loss 
drugs, with different actions on the 
brain, might be much more powerful 
than either drug alone. 

Eventually. Dr. Weintraub put his hy- 
pothesis to the test with a four-year study 
of 1 21 obese patients, two-thirds of whom 
were women. Their average weight at the 
start was 200 pounds (91 kilograms). 

During the study, the patients altern- 
ately took fen-phen or dummy pills. 
When they took dummy pills they got 



Many Kjd fur The New YorkTYoKi 

Dr. Michael Weintraub. who got the idea of combining the two drugs. 


hungry and gained weight, but when 
they took fen-phen their hunger dimin- 
ished and their weight went down. At the 
end of the study, the patients had lost an 
average of 30 pounds each. Dr. Wein- 
traub looked tor side- effects, but he 
assumed the drugs were safe. 

"I figured, gee whiz, these drugs have 
been on the market for 10; 12 years,” he 
said. “Everything must be known about 
them.” 

In July 1992, his study appeared in 
Clinical Pharmacology & Therapeutics. 
And the floodgates were opened. Word 
of fen-phen spread and patients began 
calling. doctors to demand the drugs. 
Although the drugs were never approved 
to be taken in combination for long 
periods of time, doctors are free to pre- 
scribe licensed drugs in whatever way 
they see fit. 




OME, like Dr. Dennis Tison, a 
Sacramento psychiatrist, de- 
voted his entire practice to fen- 

J phen, buying the drugs whole- 
is pensing them in his office to 
thousands of patients. Like many doc- 
tors, he advertised on the Internet that he 
prescribed fen-phen. f, I got calls from 
all over the country.” Dr. Tison said. 
"People would say, ‘I want the meds 
and I will pay anything.’ ” 

Dr. Tison said he saw nothing wrong 
in his practice. He criticized storefront 
clinics springing up overnight in Cali- 
fornia strip malls, “like cockroaches,” 
he said, handing out the drugs to anyone 
who walked in. A lot of doctors viewed 
this as a cash register,” he said. 

Dr. Weintraub was taken aback by 
what his article had wrought. “In truth, I 
never thought of fen-phen mills,” he 
said. "1 never thought of it as a magic 


pill — every rime I hear that word I sort 
of cringe. ” But his article came at a time 
when it had become clear that the tra- 
ditional advice to eat less and exercise 
more was not helping. Americans were 
getting fatter, and more desperate, year 
by year. 

Some medical experts said the FDA 
needs to rethink its standards for ap- 
proving diet drugs. Approving a drug for 
long-term use when clinical tests lasted 
only a year is inadequate, said Dr. 
Richard Friedman, the director of the 
psychophaimacology clinic at New York 
Hospital -Com cl I Medical Center. Drugs 
for depression, he said, are now being 
tested for five and even seven years. 

Dr. Curt Furberg, chairman of the 
department of public health sciences at 
Bowman Gray University, said that 
drugs that will be taken for years should 
be tested for years. But the solution, he 
said, is not to slow the drug approval 
process but rather to require long-term 
follow-up so that it is not left to chance 
and the fortuitous observations of clini- 
cians to bring serious side effects to 
light. 

In the meantime, many diet doctors 
are not waiting for the next drug to be 
approved. Instead, they are mixing their 
own concoctions of drugs that are 
already on the market Many are com- 
bining phemermine with Prozac, calling 
the combination phen-pro and adver- 
tising, once again, on the Internet 

The diet doctors are practicing 
"witchcraft," Dr. Friedman said. “Phy- 
sicians. of all people, might be expected 
to be skeptical and respect the powerful 
effects of drags. You’d think they would 
wonder at the very least if what they are 
doing is safe. How do they know they’re 
doing no harm?” 







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PAGE 12 




INTERNATIONAL HERALD TRIBUNE, THURSDAY SEPTEMBER 25, 1997 



INTERNATIONAL 


UN Cool to Clinton, 
Politely Answering: 
Put Up or Shut Up 


By Barbara Crossette 

tiew York Tunes Service 

UNTIED NATIONS, New 
York — President Bill Clin- 
ton’s motorcade bad not left 
United Nations territory be- 
fore ■ the recriminations 
against the world’s biggest 
deadbeat began. 

: “Nonpayments are unac- 
ceptable,” said Bjorn Tore 
Godat, Norway's foreign 
minister, without actually 
naming the United States or 
saying that it owes the United 
Nations about $1.5 billion 
and that no checks are in the 
mail. He didn’t have to. 

“How can those of us who 
always make a point of pay- 
ing in fuU and on time, with- 
out conditions, expect oar cit- 
izens to continue financing 
free riders?” he asked in a 
speech Monday. 

On Tuesday it was the turn 
of others, among them Rus- 
sia, the big European Union 
and little Andorra, whose 
president of government. 
Marc Forne Molne, asked: 
“If each citizen of my coun- 
try can pay nearly $2 a year to 
the regular budget of the or- 
ganization, why can’t the 
people of other developed 
countries do the same?” 

Britain’s foreign secretary, 
Robin Cook, said that “it is 
not equitable that some mem- 
bers pay their contributions 
while others do not. * ’ 

He noted that calls for 
stronger united action against 
organized crime and the nar- 
cotics trade — goals of the 
Clinton administration — 
would cany a price. 

“We cannot defeat the 
well-resourced menaces to 
the modem world through a 
UN that staggers from year to 
year on the verge of bank- 
. ruptcy,” he said. 

Mr. Clinton, in his speech 
Monday, repeated the prom- 
ise that congressional action 
on payments was near and 
that the administration was 
confident that U.S. assess- 
ments would be met. 


But at the United Nations 
there is less and less will- 
ingness to believe that this 
will happen, at least not any- 
time soon. And there is not 
much of a rush to formally 
lower the U.S. portion of con- 
tributions to meet the de- 
mands of Washington. 

The United States is as- 
sessed 25 percent of the reg- 
ular UN budget, based 
roughly on its proportional 
share of the world economy, 
and wants to reduce that to 20 
percent over three years. 

Washington is charged 
about 31 percent of the peace- 
keeping budget and pays — 
when it pays — 25 percent 
under a 1994 law passed by 
Congress in contravention of 
international treaty obliga- 
tions. 

Furthermore, an Amen can 
proposal to enlarge the Se- 
curity Council by giving Ja- 
pan, Germany and three de- 
veloping countries permanent 
seats with no promise of veto 
power has so far evinced only 
faint praise at best in this 
year’s General Assembly de- 
bate. 

In Washington, a congres- 
sional conference committee 
working on the budget pro- 
visions~covering the UN and 
other international organiza- 
tions is racing to beat a dead- 
line at the end of the month, 
but is stymied by a House of 
Representatives amendment 
that would link appropri- 
ations to a rider prohibiting 
U.S. support for any organi- 
zation or national family 
planning program that con- 
dones abortion. 

William vanden Heuvel. a 
former U.S. diplomat who is 
president of the Franklin and 
Eleanor Roosevelt Institute in 
New York, said Tuesday that 
he had never seen a General 
Assembly audience so “silent 
and sullen" during an Amer- 
ican president’s speech. 

“They have heard it all be- 
fore. and repetition without 
action does not enhance cred- 
ibility,” he said. 



The Associated Press 

NEW YORK — Though sounding a few 
sour notes. Secretary of Stale Madeleine Al- 
bright and Foreign Minister Qian Qichen of 
China continue to make preparations for an 
OcL 28 summit meeting intended to 
strengthen economic and strategic ties be- 
tween the two countries. 

Mr. Qian grumbled Tuesday about what 
China considers io be undue U.S. attention to 
Taiwan, which Beijing considers a renegade 
province and wants to reclaim. And Mrs. 
Albright called for a lowering of Chinese 
trade barriers, an improvement in human 
rights and curbs on sales of missile tech- 
nology. 

Also, she said, China should pay a larger 
percentage of the costs of maintaining the 
United Nations. Beijing, the most populous 
nation, pays 0.74 percent of the UN budget. 
The Clinton administration, trying to reduce 
the load on the United Slates, wants China's 
share increased to 3 percent. 

But Mrs. Albright said there was a growing 
consensus among the American people for a 
warm relationship with China. “I do believe 
we have made progress in almost all areas” of 
disagreement, she said. 



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Danube Divides Slovakia ^ 
And Hungary in New Way* 

Both Await World Court Ruling in Dam Dispute^ 

K tobe forced to build its portion. 

H Some Slovak politicians have gone » far 




»in- 


v 

i* 


Bv Christine Spolar 

Washinsion Post Sen-ice 




GABCIKOVO. Slovakia — The Danube. 
Eastern Europe's largest waterway, has be- 
come a river of woe between Slovakia and 


t0 savto WXato.ude^nec.s ^ 


Hungary. ’ 

Problems arose when Slovakia pursued a 


to sav uuii ■» * — — . . * 

missal of Slovak rights, culture and e\e^ 
technolo°ical know-how. . . 

More to the point, Slovakia has argued m 

pan "rrachetT wiih its^hbor during the coun p^rs i .hall dam^ 
Communist era and built a dam in this tow a to cued by Hu* g . c | ear ly substantiated. 
drive a hydroelectric plant with huge amounts <W£as a disaster we« 

said Julius Binder, general 


The Chinese foreign minister, Qian Qichen, right, greeting hS^israelTcoim^ 
terpart David Levy, in the corridors of the United Nations on Wednesday. 

Albright and Qian Air Differences 

Taiwan and Human Rights Are Discussed Before Summit 


In their talks. Mrs. Albright made the tra- 
ditional pitch for the release of political pris- 
oners. “They took very seriously our con- 
cern,” and Mr. Qian said Chinese law 
provided for release from jail for medical 
reasons, a senior U.S. official said afterward. 

Success at the summit meeting will be 
measured in pan by what the Chinese do and 
whether they curb nuclear and missile tech- 
nology sales to Iran, Pakistan and other coun- 
tries, said the official who spoke on condition 
of anonymity. 

Mr. Qian, noting this was the sixth meeting 
this year with Mrs. Albright, said China was 
looking forward to President Jiang Zemin’s 
meeting with Mr. Clinton “with a positive 
attitude.” But be urged the administration to 
deal with the Taiwan issue “with pradence.” 
and he brushed off a reporter at a joint news 
conference who asked him to be specific 
about what China did not like. “The question 
of Taiwan has always been the core issue" 
between the two countries, he said. 

Mrs. Albright hosted an elaborate dinner 
for Mr. Qian, who doubles as vice prime 
minister, after the meeting and again voiced 
support for Chinese membership in the World 
Trade Organization. 


of river water. Hungary says that the concrete 
structure, whose operation it contends lowers 
the region's water quality and its groundwater 
levels, should come dow n. 

Since the dam was built in 1 992, the dispute 
has loosed a flood of political ill will between 
the two new democracies and laid bare trade 
ambitions up and down the 2,848-kilometer 
(1. 770-mile) Danube. Both countries have 
turned to the W’orld Court in The Hague to try 
to sort out the environmental dispute, and a 
decision is expected Thursday. 

“People have turned this case into a cause 
for any and all problems they have” with the 
other country, said an analyst who regards the 
Gabcikovo Dam as a metaphor for the fes- 
tering political troubles between Slovakia and 
Hungary. “Emotions run almost deeper than 
the Danube.” 

The Gabcikovo Dam is the remnant of what 
some call Europe’s last Stalinist project. 

It was bom of a 1977 agreement between 
the Commonist governments of Hungary- and 
what was then Czechoslovakia to create a 
three-stage hydroelectric project at a scenic 
bend in the river and another dam at Na- 
gymaros, 130 kilometers downstream. 

Both countries, which share the Danube as 
a border, were to build diversion dams on their 
own territory’ to direct the river toward the 
spots where the dams would be built 

Even in those restrictive Communist times, 
environmentalists voiced protests. In Hun- 
gary, their forecasts of disaster grew into an 
integral component of the movement in the 
late 1980s to throw off Communist rule. 

By 1989. the reformist Communist gov- 
ernment of Miklos Nemeth, under popular 
pressure, overrode die party leadership and 
suspended work on the diversion dam in Hun- 
gary, citing environmental concerns. Within 
the’ year, a new democratic government 
scrapped the work aliogether. 

Bui Czechoslovakia pursued talks with 
Hungary regarding the dam itself. 

In" 1992, ihe European Union urged the 
suspension of all work despite the insistence 
of Slovakia, then still a Czechoslovak re- 
public. th2t its dam — and Hungary's prom- 
ised pan of the project — was part of a legal 
and binding pact. 

By October 1992. engineers in Slovakia, 
concerned w ith the looming split of Czech- 
oslovakia 21 the end of that" year, decided to 
move on their own. Water levels in the 
Danube fell as the state-run company in 
charge of the project embarked on a furious 
spree of construction. 

After 72 hoars o? nonstop work, the 
Danube had been diverted down a new chan- 
nel toward the dam. A river cany ing 80 per- 
cent of the Danube's volume flowed where 
none had ever flowed before. Villagers from 
ethnic Hungarian communities in Slovakia as 
well as riverside towns in Hungary saw the 
Danube they knew dry up before their eyes. 

Slovakia says the 5500 million hydroelec- 
tric project 48’ kilometers east of it’s capital. 
Bratislava, generates enough electricity to sat- 
isfy 12 percent of the country's energy needs. 
Slovak officials contend that their country had 


call a success. . 

director of the Slovak engineering compan) 
that bu At the dam. * ’They claim a lot of things _ 
have gone wrong - with water qualify, ; 
life, plants. That just isn’t true. Look 

‘ V °To Lie untrained eye, a drive through the;; 
former wetlands near the diverted Danube^ 
mav no be the best proof of possible harm. ‘ 

But l ie expanse of green fields off the old - 
riverbe 1 and the shimmering, running water 
nearbv :annot mask the subtle but important , l 
weakerfing of the wetlands, according to the- - 
World Wide Fund for Nature, which has op-^ 
posed t ie Gabcikovo dam. - . 

Water levels have sunk in the region, ana;,-, 
nature c annot recover unless the river returns ;.v 
to its ol i path, according to the foundation. 

“Evtn informed people can be easily 
misled jy what they see.” said Alexander 
Zinkc, « foundation director who has cracked ' 
the disp ite for 1 1 years. . ” , 

“Bnt what everyone knows is that there is ■■ m 
clear clange. Instead of an ecosystem that~ 
thrived m dry spells and floods, we now have" 
a place if stable conditions. And certain spe- ^ 
cies wii not survive.” ' . 

Mr. Zinke said the results were still difficult, 
to quant fy. Scientists do not yet have data on; 
how ma ly species have been affected so far,;“ 
he said. _ 

Hungary has pursued a World Court ruling, 
in part, tb steer the issue away from emotional;, 
argumei ts. 

But iq appears that Hungarian officials ■— ;J 7 
who have accused Slovakia of pursuing its; .; 
own economic interests at the expense of the ; 
environment — no longer are so clear about” 
their motives. 

In a recent interview. Secretary of State !; 
Janos Nemczok said Hungary in 1989 ;; 
“stopped the construction for both political. 1 
and environmental reasons.” But, in facL J 
some important political players wanted the;: 
dam despite ecological worries. 

In 1989, Peter Medgyessy, who was then a '• 
deputy prime minister and is now finance 
minister, urged that the dam work be speeded ; 
up in the face of protests. In 1988, Gyulav- 
Horn, now prime minister but then a state;- 
secretary in the Communist-run Foreign Min-', ; 
istry. spoke publicly in support of the dam. ’ 

Mr.’ Horn has since negotiated personally. with' . 
the Slovak prime minister, Vladimir Meciar,.; 
to try to end the controversy. _ 

Today, Mr. Nemczok said, the Horn gov- 1 : 
eminent has quietly formed a commission to ; 
review how the Danube can be used. 

The goal of the Hungarian government. Air. " 
Nemczok said, is not to close off the Danube.. 
Hungary is hoping to deepen a portion of the ' 
river that is not now navigable by placing a:': 
large, low dam — called a weir — on the 
Hungarian side. 

According to documents submitted by the ; 
Hungarian government to the World Court: 
deepening that stretch of the Danube could . 
open the river to shipping from the North Sea" 
to the Black Sep and increase its total traffic 
by as much 200 percent. 


I 


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™TURE ENVOYS? - -The : former speaker of the House SSgSSSEZ 
2" Wh °_H Pl ^ sldent . Clinton’s choice to be ambassador to Japan, 

with Stephen Bosworth, the nominee for ambassador to South Korea, at their 
comirmatton hearings before a congressional panel Wednesday in Washington. 


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BUSINESS/FINANCE 




THITISDAY, SEPTEMBER 25, 1997 


PAGE 13 


sasife 


NEC Joins 
The Win tel 
Juggernaut 

Japan's Top PC Maker 
Bows to Silicon Vtdley 


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Cmy&nib) Our Staff FtuuDt ifUt-Art 

MAKUHARJL Japan — NEC Corp. 
said Wednesday it would begin selling 
personal computers based on a global 
standard promoted by Microsoft Corp. 
and Intel Corp., amove that analysts said 
was a major change of strategy designed 
to shore up the company’s eroding lead 
in Japan's personal-computer market. 

NEC will gradually move away from 
its proprietary system, which dominated 
Japan's PC market for IS years. 

Microsoft, which created the Win- 
dows operating system, and Intel are 
often referred to as * ■' Winter ’ because of 
the extensive compatibility of many of 
theirproducts. 

“Facing a multimedia-network era, 
we felt an urgent need to alter our busi- 
ness strategy and adopt the next-gen- 
eration 32-bit platform PC standard,” 

• Hisashi Kaneko. president of NEC. said 
4t at a news conference on the first day of 
the World PC Fair. NEC plans to launch 
a line of computers designated NX in 
Ocrober. offering 26 models based on 
the PC 98 standard, which is being pro- 
moted by Microsoft, Intel and PC man- 
ufacturers worldwide to run Microsoft’s 
planned Windows 98 software. 

The new line, called the PC98-NX 
series, will account for about 70 percent 
of NEC’s total shipments later this year, 
Yoshi Takayama, NEC’s managing di- 
rector, said. NEC has forecast total ship- 
ments of 4 million units for the year 
ending in March 1998. 

Among the technological improve- 
ments featured in the PC98-NX line is 
the inclusion of 32-bit expansion slots. 
~ which will speed communication 
among a computer's central micropro- 
cessor, memory and other components. 
Most PCs currently come with less 
powerful 16-bit slots. 

- The 32-bit feature will allow NEC’s 
new line of computers to run Microsoft's 
pending Windows 98 and WindowsNT 
5.0 programs more smoothly than the 
PC-9800 computer series, the company 
said. NEC, whose proprietary format can 
run the existing Windows 95 software 
but will not be able to fully accom- 
modate Windows 98. was spurred into 
action by a steady decline in its share of 
Japan's PC market. Its share recently 
slipped below 40 percent, compared 
with more than 80 percent in the 1980s. 

NEC also expects the NX series to help 
revitalize overall PC sales in Japan in the 
second half of the year ending March 3 1 . 
1998. Mr. Kaneko said. 

After three years of dramatic gains, 
PC sales growth slowed markedly in 
Japan in the April- June quarter. 

Sales of desktop PCs put in a par- 
ticularly dismal performance, dropping 
1 1 percent, to 1 million units, and re- 
cording their first year-on-year decline 
in five years. 

Japan’s 2 trillion yen ($16.5 billion) 
PC market is the largest in the world 
outside the United States, but the rate of 
,“jv PC penetration is low in households and 
^ small businesses. Japanese PC manu- 
facturers expect the market to grow by 
only 10 percent or 20 percent in 1997-98 
because of a delay in shipments of Win- 
dows 98. 

NEC’s shares rose 30 yen. or 2 per- 
cent, to close at 1.440. 

(Reuters. Bloomberg) 






■ ‘.V *» ■ 


tL*.«n**L>J*-» P V|| •• • 


The Peugeot 309, which is not selling like hotcakcs in the Indian market despite high hopes in France. 

Peugeot Skids on India's Roads 

Its Joint Venture, Now in Third Year, Is Stuck in Reverse 


By Miriam Jordan 

S/UTtdl ><■ (hr Herald Tribune 


N EW DELHI — PSA 
Peugeot Citroen thought it 
had a winning formula for 
India when it arrived in 
1994: Jump early into a virtually un- 
tapped market, launch a tried-and- 
tested model, and tie up with one of the 
country's few established auto- 
makers. 

Three years later, Peugeot’s trou- 
bles in India are mounting. 

Its joint ventnre with Premier Auto- 
mobiles Ltd. has lost roughly $35 mil- 
lion and desperately needs a cash in- 
fusion; production has almost come to 
a standstill, according to people close 
to the project, and the French auto- 
maker's commitment to staying in In- 
dia is unclear. 

“I’m not in a position to say wheth- 
er we will stay in India or not,” said 
Vincent Adenis-Lamarre. the Paris- 
based area manager for South Asia. 
Peugeot executives in Bombay de- 
clined to comment 
The French carmaker’s woes in In- 
dia are the second blow to its Asia 
strategy. Peugeot also is winding up 
operations in the southern Chinese city 
of Guangzhou after an unsuccessful 
10-year run. 

Car sales in India have failed to 
grow as quickly as manufacturers ex- 
pected since 1993, when New Delhi 
opened the national market. 

None of the foreign players, includ- 
ing Ford Motor Co., General Motors 
Corp. and Daewoo Corp., is making 
money yet 

But industry analysts say Peugeot 
has made some critical mistakes. 

Despite a one-year start over Ford 
and GM, it underestimated the com- 
petition; Peugeot's model, the 309, is 
unpopular, and its partner is a finan- 


cially weak, family-run business 
struggling to survive in a liberalized 
economy. 

What’s more, early this month 
Peugeot rook Premier to court to cry to 
block a separate joint venture with an 
Italian rival. Fiat SpA. 

“To gain market share in a place 
like India, you have to pump in a lot of 
money and be patient," said N. 
Sreenivasan, an auto analyst at Jardinc 
Fleming Brokerage. “Peugeot does 
not seem ro be sure of its strategy for 
India.” 

For now. the company is sticking 
with the 309. a model that Indian con- 
sumers are well aware has been phased , 
our in Europe. 

Mr. Adenis-Lamarre said research 
had indicated that the model repre- 

INTERNATIONAL MANAGER 

sented the correct “tradeoff” between 
affordability and style for price-sen- 
sitive Indians. But poor sales suggest 
otherwise. 

“Peugeot took a colonial ap- 
proach,” said Hormazd Sorabjee, ed- 
itor of Auto India magazine in Bom- 
bay. “They figured that after driving 
old cars for so long, Indians wouldn’t 
mind driving a discontinued model. 
But today in India, a car is an icon of 
who you are and how well you are 
doing.” 

Not all of its troubles are Peugeot’s 
fault Intermittent strikes at the Premi- 
er plant near Bombay where the 309 is 
assembled disrupted output for several 
months last year. The strikes, which 
also affected another Premier plant, 
further debilitated the Indian partner. 

“We don’t have deep enough pock- 
ets to solve our own problems and also 
contribute to the joint venture with 
Peugeot,” said Maitreya Doshi, man- 
aging director of Premier. 


The situation is so dire that in recent 
months the cash-strapped venture has 
not been able to afford components 
from the parent company in France to 
keep up production. Only 3,000 309s 
have rolled off the assembly line since 
late 1995. 

Peugeot and Premier each took a 32 
percent stake in the project, with the 
rest held by financial institutions and 
the public. The initial Peugeot invest- 
ment amounted to about $75 million, 
and the project has received no fresh 
funds since. Instead of cash. Premier 
contributed one of its two factories. 

Sources close to the venture say that 
Peugeot pledged this year to invest 
more — if Premier put up money too. 
Short of cash. Premier offered instead 
to sell out entirely to Peugeot. 

But after extensive negotiations 
over price, Peugeot derided it was 
willing to acquire only a majority 
stake. 

Premier refused. That would mean, 
Mr. Doshi said, “holding a huge fi- 
nancial investment without having any 
management control over the busi- 
ness.” 

On top of the financial discord, 
Peugeot and Premier now are faring 
off in court over Premier’s plans to, 
build the Fiat Uno passenger car. 

Peugeot gave its tacit consent to a 
1995 deal between Premier and Fiat 
under which Premier would be li- 
censed to assemble the Uno. Under 
that agreement, the Italian car giant 
was not to own any equity in the 
venture. 

A few months ago. however. Fiat 
agreed to invest in the Uno project and 
acquire majority control. 

'•Fiat will treat the project like its 
own baby,” said Mr. Doshi, whose 
company is to retain a 49 percent stake 

See PEUGEOT, Page 18 


France’s Socialists 
Unveil Tight Budget 

Package to Help Meet Euro Goals 


By Joseph Fitchett 

In wmanumtl Herald Tribune 


PARIS — Unveiling its first budget 
Wednesday, France’s Socialist govern- 
ment produced a tax-and-save package 
for 1998 that seemed likely to win broad 
domestic approval and reassure Ger- 
many and international markets that 
France would qualify to join a single 
European currency. 

Finance Minister Dominique 
Strauss- Kahn emphasized once again 
that France’s deficit would not exceed 3 
percent next year, the threshold for join- 
ing the currency, the euro. 

“It's a budget allowing us to follow 
growth, which will take off,” Mr. 
Strauss-Kahn said, predicting that 
France’s economy would expand by 3 
percent or more, outperforming those of 
Germany and the United States. 

Mr. Strauss-Kahn said that he had 
been able to fund the Socialists' cam- 
paign promises, including thousands of 
new public-sector jobs, while not in- 
creasing government spending. 

He would do this, he said, by re- 
allocating funds among ministries and 
imposing a fresh round of sharp cuts in 
the defense budget. 

Total government spending of 
roughly 1.5 trillion French francs 
($248.69 billion) will rise by 1 .7 percent 
— ■ the expected rate of inflation. At the 
same time, the tax burden will be nearly 
40 billion francs higher than budgeted by 
the previous conservative government. 

The budget “is much more realistic 
than we might have imagined in June,” 
after French legislative elections, said J. 
Paul Home, chief international econ- 
omist in Paris for Smith Barney. 

The 1998 budget had loomed as a 
credibility test for the government, 
which came to office after the June early 
elections. The vote was called partly 
because tben-Prime Minister Alain 
Juppe feared he would need to impose an 
unpopular austerity budget this autumn. 

The new Socialist . prime minister. 


Lionel Jospin, has benefited from 
France’s brightening economic outlook. 
He is likely to get broad acceptance of 
the budget, analysts said, because all the 
mainstream political parties in France 
are committal io the sacrifices required 
by monetary union. 

In addition, Mr. Jospin’s economic 
pragmatism has begun to inspire cautious 
optimism among many French people. 
His popularity is likely to continue ben- 
efiting from this image as a result of the 
finance bill, which he described Wednes- 
day as “a ttoifiy budget.’ ’ 

Mr. Jospin's government has bene- 
fited from an unexpected surge in do- 
mestic consumption and economic 
growth. Already, officials said, the rising 
tide has helped France get its deficit 
down to 3. 1 percent for this year. 

That performance was helped by a 
controversial one-time operation in 
which the previous government took 
over 37.5 billion francs of pension funds 
from France Telecom. In his plans for 
reaching next year's 3 percent level, Mr. 
Strauss-Kahn said that his calculations 
offered “lull transparency” — appar- 
ently meaning that he had not resorted lo 
any similar expedient. 

A potential disappointment in the 
budget was its overall indifference to 
the need seen by many economists for 
France to tackle the problem of long- 
standing expensive entitlements such as 
civil servants’ pensions or to offer any 
major incentives to promote structural 
changes in the labor market. 

The Socialist government, behaving 
prudently before critical nationwide 
talks on employment next month, has 
said that it will start tackling entitle- 
ments next year, with a view to achiev- 
ing stronger redistribution to benefit 
low-income groups. 

Mr. Strauss-Kahn’s ability to live 
comfortably within the budget will de- 
pend heavily on two gambles: the im- 
pact of painful new raxes and the high 

See FRANCE, Page 14 


Gucci’s Warning on 2d Half 
Overshadows Profit Growth 


Bloomberg News 

MILAN — Gucci Group NV said 
Wednesday its first-half net profit rose 
29 percent from a year earlier, but the 
Florence-based maker of luxury goods 
said economic troubles in some of its 
largest markets might slow second-half 
sales of its signature leather bags, silk 
scarves, shoes and clothing. 

Gucci’s shares fell 16 percent on the 
Amsterdam exchange and were off 
equally sharply in New York after the 
company said first-half net income rose 
to $90.3 million. The result was below 
many analysts’ predictions. 

‘ ‘The reaction was violent, ' ’ said Fla- 
vio Ceredaof ABN-AMRO Hoare Gov- 
ett in London. ‘ ‘The question is whether 
there are quarter-specific problems or 
whether there is more lo it than that." 

Gucci’s warning about sales growth 
in Asia:, which accounts for as much as 
40 percent of global sales for some lux- 
ury goods, follows similar forecasts by 
other makers of designer clothes, jew- 


elry and liquors. Japan’s sluggish econ- 
omy and tite slide in the value of cur- 
rencies elsewhere in Asia have cm 
demand for expensive products, hurting 
the luxury-goods makers' shares. 

“The macroeconomic climate in cer- 
tain of our most important markets has 
recently been difficult,” Gucci's chief 
executive. Domenico De Sole, said, and 
this will “restrict” second-half growth. 

In late New York trading, Gucci 
shares were down $10,325 at $47,875. 
In Amsterdam, they fell 19 guilders to 
96.50 ($47.73). 

Morgan Stanley & Co. reduced its 
rating cm Gucci shares lo “neutral” from 
“strong buy.” The move especially af- 
fected the stock because Morgan Stanley 
led the group that handled both of the 
company's public stock offerings. 

Concerns about Asian sales have been 
compounded by the sharp drop in the 
value of several Asian currencies since 
July, which makes imports more expens- 
ive for consumers in those countries. 


IMF’s Thai Honeymoon: Will People’s Gratitude Last? 


By Thomas Crampton 

S pecial to the Herald Tribune 

: BANGKOK — Before 
1 F Thailand’s economic bubble 
burst, Siriwat Vorave- 
jvjutkuth built 28 luxury con- 
dominiums near a golf course 
and a reputation as a skilled 
stock player. 

:Now he sells tuna fish 
sandwiches and iced coffee 
below an escalator in the 


Bangkok General Hospital. 

“By the time the units were 
finished early this year, I 
could not sell a single one,” 
Mr. Siriwat said. “I am not 
just broke, 1 have a lot of 
debt.” Faced with a frozen 
credit line and out of cash. 
Mr. Siriwar set his staff to 
making sandwiches to meet 
the payroll. 

A casualty of die economic 
crisis that sent currencies 


tumbling across the region 
and forced Thailand to plead 
for a $17.2 billion bailout 
from the International Mon- 
etary Fund, Mr. Siriwat said 
he was pleased to see outside 
hands now helping guide the 
country’s economy. Speak- 
ing of the IMF, he said: “It is 
good thai they come in to dis- 
cipline the government, make 
them spend less and opt use 
money for corruption.” 


Other Asian countries — 
notably China and Malaysia 
— recently criticized the IMF 
and the World Bank as West- 
ern-biased institutions bent 
on opening fragile local mar- 
kets to foreign exploitation. 

But in Thailand, little more 
than a month after the gov- 
ernment signed onto the 
largest IMF program since it 
bailed out Mexico, people 
from almost all sections of 


CURRENCY & INTEREST RATES 


Cross Rates 


Sept 24 


1 t Dll FI. u» an af. IX Y* B Ph* 

IMS USJS UK 0332 «JST — ***'“■* JUTs" 

59 JO 2U4U 4.147 l! UP 183BS — SLH8 UBI 24425 7*45 

m» jmi USm 11124* 02881 48*5* til® 1404 128 1-1853 

leg 2850 9J994 W8874 32149 58.977! US 104194 22BP 241W 

14UI2 241J3B S43M S.173 iiC* MP3 *8179 10 MB 13*7*4*107519 — 

mS 9U8 »025 — mss ax i,uuo wot msij n J7 

™ ™ S 1 S >2 <£ «». J- «£. 

J CUT BOOK TTQM UJfi" 19KB fl.163 4J0M AWB3 IW 

Tofeyt 11925 1938* 4713 19J9 0489 5M3 32514 8179 — BU3 87W 

Toronto 
Zurich 
1 ECU 
1 SDR 


Franca 


Al UlOT dfll M 
Bmstfc 
Franklinl 
LondM (a] 
Madrid 
MBon 


Libid-Libor Rates 

Swiss 

DsOcr D-Mmt Franc S twfeag . — - 

1 -in until 5tt»-5W 3»-W» Jta-m 7-7V» 

34IKX0I 5**-5W 3V»-3Vm 7V.-7V. 

4-roortti 5*Vi,-5M 3*1* -39b Ht-1H £?' 3 i£ 

l-ycor 5«*ta.5% 3**-3» 194-17* 7**- 7Vf 3m,-3* 

b^S^t^^depes/ts of SI mlWon minimum (or eqtrivaienO. 


Sept. 24 


^ ££ ?£ 0» o3£* am 0^: 11533; - «■: 

in U525 arm ana ohm* IU32< 35M* — IJUl U®? 

nil. <UM& inn f.int LI1U7 7 715 1 40403 14197 113832 1.5438 14*806 

£ S 1*89 sum imp tajo uk 211745 

analogs in Amsterdam, London. Mton Paris rndZuScN /Ungs In after antmr New Yodcat4 
tx To bwyanodo*K UnOs a! USttLO: no t quote* MA: notmmOoble. 


Other Dollar Values 


Qmqr p«rs 
ArgMLpott 0.9998 Gnwfcdree. 

Ausfra8nS IJ848 Hoofl KongS 
Antrim HftL 12-48 Huns- forint 
Brad red TJXU6 ImSmrapw 
CMnm 83154 irate, rapid! 

OMhfeHnui 3337 Irish* 

Dnttkmra 6.7480 IsrasflshdL 
Eppptpwid 34003 Kwdhwr 
Rxnurtfa S39te Mutey-rta* 

Forward Rates 

Ofetmcp . ante* tMW Onreuoi 

S?*Stette* 1-6127 141106 l.«W 

CttMfcnfefejr 1.3855 1-3833 13809 SwtesfnuK 

Dwbdsmrt 1.7698 17663 1.7627 


Pars 

28023 

7.7362 

19677 

3675 

2990.0 

04793 

3.5071 

0302 

3J» 


Mdtpeso 

N-ZMlmdS 

Narw.knwe 

PI* peso 

poWiitety 

PoftosoKto 

Rurarahte 

Smdrtpd 

Sop.* 


Pars 

779 

14684 

7.1735 

3X30 

144 

180.25 

58564 

375 

1.5100 


Qoi wcy 
5. Afr.raad 
S. 1C or. woo 
Sve&knnM 
TWwmS 
Thai baht 
TDftahBre 
DAE Atom 
VMK-bofiv. 


Par* 

44915 

91470 

74543 

2840 

3530 

172845- 

34725 

<96-00 


39-6sy ** 

t 19.19 

14589 14572 145M 


Key Money Rates 

■■■MSbto Ona 

DecMMtrato 540 

Prime rote W6 

Federal finds 5!A 

fO-doy CDs daoters 540 

180-day CP deatere 540 

awnofrtti Traasoiy bll *80 

I -pear Treasury MB 5.17 

2^ea- Trenswy Mil 576 

S^ear Tremray note 597 

7 -year Treasury no*® 
lApar Treasury noie *« 

38-fera Treasury bond 632 

AteTfli Lynch 30-day RA 506 

JcpaH 

Discorntrate 
CaB money 
l -remit! interbank 
Unwriti tntortiank 
frrnonlti bilertnmh 
10-ymr Grarl bond 

Cra— Uf 


050 

044 

058 

044 

054 

2.16 


"UKKmB* 17698 IJWU i.iou 


Cdtrnow 
1 -Maam inleftorak 
3hrmIIi hdrabank 

frraoatti tofdtonif 

HH<ear Bond 


440 

3.10 

370 

331 

347 

531 


Pray 

5.00 

8V> 

54b 

549 

553 

435 

5.19 

541 

642 

645 

6.09 

6.39 

508 


040 

045 

042 

054 

044 

2.16 


440 

113 

370 

131 

347 

577 


BriMn 


Beak bos* rate 

770 

Ulmemv 

7Y* 

T-morHi tetertrak 

7V9 

3-moatti ielwMak 

7V, 

6-raoath taterbank 

7*1 

lOpffGfl 

641 

France 


liriereenttoe rate 

3.10 

Cd money 

3V* 

l-uiwim iaieitira* 

3W 

iwetb teHitioBfc 

3Va 

4-«n>alh hriertrank 

3 Yu 

UHrwOAT 

545 


Ym ECU 
VS-Vb 4V*.4i* 
vt-r* 4VB-4VU 
tfe.Vte 4Vu-47M 
Wli-bb 4H-44 


7J» 

7V* 

TVb 

7to 

7V* 

643 


110 

3Vi. 

3te 

3*9 

3*6 

548 


Sources: ffrulrrs BhxmOera 44e#rt0 
Lyncft. Bank el Tokro MIfsublshl. 
Commerztoani. CMtB Lyannak. 


Gold 


AJA. PJUL 0*9 


Zurich NA 32240 +2.10 

Lravtwi 32100 32170 -t-IJO 

New York 32440 32580 +140 

US. doOarfperomce.LmBontMdat 
Odngx Zurichaui New Yak opening 
and Oastog prices New 'fa* Camex 
(Dec } 

Source: Reuters- 


society welcome the organi- 
zation and its ability to frog- 
march reluctant ministers into 
making tough policy de- 
cisions. 

While there appears to be 
widespread and growing an- 
ger at the country 's worsening 
financial plight and what is 
perceived to be government 
ineptitude in running the 
economy, this frustration has 
not spread to condemnation of 
the role of the Western-sup- 
ported financial institutions. 

“There is certainly humi- 
liation, because acceptance of 
the IMF is acceptance that we 
cannot deal with our own 
problems,” said Pansak Vin- 
yaratn, former adviser to a 
one-time prime minister and 
senior minister, Chatichai 
Cboonhavan. “But there is no 
animosity toward the IMF as 
such. Right now, we need this 
sort of ‘superauditor’ check- 
ing our books.” 

During a censure motion 
Wednesday afternoon, oppo- 
sition politicians had their 
chance to vent their anger at 
the government, charging the 
lO-monfh-old-coaliiion led 
by Prime Minister Chaowalit 
Yongchaiyudh with irre- 
sponsible behavior that bank- 
rupted the country. 

“Chaowalit and his admin- 
istration have damaged the 
country , particularly the econ- 
omy, where they have left us 
bankrupt,” Chuan Leekpai. 
leader of the opposition 
Democrat Party, told a packed 
House of Representatives. 

“It’s never before 
happened in Thailand that all 


levels of society have felt the 
effects of an economic down- 
turn so severely,’* Mr. Chuan 
said. 

These sentiments were 
echoed outside the Parlia- 
ment at the nearby camp of a 
long-standing protest by the 
Assembly for the Poor. 

Paichit Sirarak, a rice farm- 
er from Sisaket Province, 
strung up a new banner be- 
tween the trees, adding to the 
dozen already hanging: 
“IMF: Policy must be ac- 
countable ana transparent.” 
the banner said in English. All 
others were written in Thai 
and dealt with compensation 
for confiscated land. 

The banner was made to 
lead a march last week when 
the assembly, an umbrella or- 
ganization of 121 nongovern- 
mental organizations, de- 
livered a letter urging IMF 
consideration of the pbght of 
the poor. 

Mr. Paichit is not exactly 
sure what the IMF does, but 
he hopes it can help Thai- 
land’s poor. 

“Although the IMF comes 
into Thailand, it will not be 
able to stop government cor- 
ruption.” he said. “I don’t 
know if it is good or bad yet, 
but if the DVD 7 improves the 
economy soon, it will be 
good.” 

With bailout measures 
only starting to bite, however, 
some warn that Thailand's 
IMF honeymoon may soon 

turn sour. 

The IMF-sanctioned move 
See THAILAND, Page 18 ; 


SPIRIT 
OF THE SEA 





Admiral's Cup “Marees". Its special and 
exclusive automatic movement gives 
the time of the high and low tide and 
the strength of the current in relation 
to the phases of the moon. It also has a 
calendar, centre seconds and 24 hour 
supplementary dial. Patented. 



CORUM 


Maitres Artisans d'Horlogerie 

SUISSE 

For information write iq COTUm, 2301 La Cbaux-dcFoods, Switzerland. 


•• r' -■ 




:E3 


PAGE 14 


PAGE 20 


Foi 


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INTERNATIONAL HER ALD TRIBUNE, THURSDAY, SEPTEMBER 25. 199. 

THE AMERICAS 

6 One-Two Punch 9 From Tokyo 
And Frankfurt Wallops Dollar 


; .>• 

« T * 


t VBmEsM 


:■ iso — - 


Doflar in Deutsche marks 


1fir AlrjTA 'S ' '] 110 A M J J A T 

; 1997 i*£ 



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gggysjgStawwt-: «*■ ■' ■ ' rreiriW r~ 

'source: Btoonherg. Reuters “ u.wnuii.-J Herjhi Tnh* 

Very brief ys 

Seagram to Buy Back More Shares 

MONTREAL (Bloomberg - ) _ Seagram Co. said Wednes- 
day it p lann ed to buy back as many as 10 percent of its shares 
for about 1. 14 billion Canadian dollars ($828.5 million) m the 
next year, a move analysts say is an attempt to prop up shares 
that have fallen during a record year for the stock markets. 

The beverage and entertainment company said it might buy 
as many as 22.9 million of its 228.5 million common shares 
outstanding. The company has bought 18.8 million of its 
shares in the past 12 months for $711.5 million. Seagram's 
shares fell 37.5 cents to close at S35.625. 

• Valujet Inc. shares rose surged after the carrier changed its 
name to AiiTran Airlines. Its stock was up SI. 59375 at 
S6.46875 in late trading. Valulet dropped its name as part of a 
deal to buy AirWays Corp., parent of AirTran Airways. 

• Hoechst AG shares started trading on the New York Stock 
Exchange on Wednesday, finishing 43,75 cents higher, at 
$44.1875. The German pharmaceutical and chemical com- 
pany joins two other German companies, Daimler-Benz AG 
and SGL Carbon AG. with a full listing on the Big Board. 

• Shell Oil Co. plans to acquire the natural-gas pipeline 
company Tejas Gas Corp. for S61.50 a share, or SI. 45 
million, plus the assumption of $900 million in debt. 

• PepsiCo Inc. named Philip Marineau president and chief 
executive officer of one of its beverage divisions, Pepsi-Coia 
North America, effective Dec. I. He will succeed Brenda 
Barnes, who is to retire after 22 years at PepsiCo. 

• Microsoft Corp. has filed lawsuits against three Southern 
California companies alleging copyright and trademark in- 
fringement. 

• U.S. funds that invest in stocks have gained 10.99 percent so 

far in the third quarter, according to Lipper Analytical 
Services Inc. The average world stock mutual fund is down 
2.11 percent BUtmthix. Reuters. AFX 


Co*v&d by Our Su$ From Dbparrhrs 

NEW YORK — The dollar 
tumbled against the Deutsche mailt 
and the yen Wednesday after the 
chief of the Bundesbank came out in 
support of a strong mark and a key 
Japanese Finance Ministry official 
su gg ested that the Group of Seven 
nations supported a stronger yen, 
*‘I will clearly say that the mark 
must remain a strong currency and 
not depreciate against the big world 
currencies," Hans Tietmeyer, pres- 
ident of the German central bank, 
said in an interview to be published 
Thursday in the German daily 

FI ens burger Tagesblatt. 

In Tokyo, Eisuke Sakakibara, the 
deputy finance minister for inter- 
national affairs, said the agreement 
by the seven leading industrialized 
nations to avoid “excessive" cur- 
rency depreciation was a "strong 
message on the yen and dollar.' 1 Jiji 
Tsushin-Sha reported. Mr. 
Sakakibara is known as Mr. Yea for 
his ability to move currency markets 
with carefully timed statements. 

“It was a one-iwo punch,” said 
Rob Hayward of Bank of America. 

* ‘The dollar was hit first by the yen 
and then the mark after combined 


remarks by Sakakibara and Tiet- 
meyer suggested a concerted move 
to puSh the dollar down " 

At 4 P.M.. the dollar was at 
I 7728 DM. compared with 1.7936 
DM on Tuesday. Against the yen. 
the dollar was at 120.370, down 
from 121.505 yen, after recovering 
from a low of 1 19.200 yen. 

Traders will get a fuller picture of 

how the Japanese economy is faring 

foreign exchange 

next Wednesday, when the Bank of 
Japan releases the results of its 
icmkan survey of business senti- 
ment The quarterly survey asks 
managers of 10,000 companies for 
their views of business conditions. 

Tokyo said this month that the 
economy contracted in the second 
quarter as an April increase in the 
national sales tax continued to cur- 
tail consumer demand 

Still, while the weakness of the 
Japanese economy is seen as un- 
dermining the yen. Washington’s 
concern over Japan's ballooning 
trade surplus with the United States 
should make investors cautious 
about pushing the dollar too high. 


The dollar rose against the mark 
Tuesday after a series of German 
reports indicated a deceleration in 
inflation in September, suggesting 
□o imminent need for higher Ger- 
man rates. Increased interest rates 
make deposits in a currency rel- 
atively attractive. 

"There is a turn in sentiment 
related to Tfetmeyer’s hawkish 
comments,” sad James McKay of 
PaineWebber International. “It is 
obvious the Bundesbank is still con- 
cerned about the doHar-mark level, 
and the dollar will remain vulner- 
able to other rhetoric." 

Before Mr. Tietmeyer f s news- 
paper comments became public 
Wednesday, a Bundesbank council 
member, Franz-Christoph Zeider, 
said a deceleration in inflation 
would not marie the end of the in- 
flation “alarm bell.” Mr. Zeider’s 



Ul-UVIAO UUJJ 4 ' t 

On Tobacco’^ * t * 


benchmark German money-market 
rate from its 3 percent leveL 
In the interview with die Flens- 
burger Tagesblatt. Mr. Tietmeyer 
said ihe defense of the mark would 
also benefit the planned new Euro- 
pean single currency. 


FRANCE: Budget Contains New Taxes and Spending Cuts 


Continued from Page 13 

projected growth rate, a factor that 
will be critical in determining how 
much tax revenue actually reaches 
the government’s coffers. 

New taxes are expected to gen- 
erate 15 billion francs — 9 billion 
francs from business in the form of 
higher rates on corporate profits and 
5 billion French francs from private 
taxpayers, mainly via higher rales 
on capital gains and earnings from 
savings plans. The government also 
canceled a planned 14 billion franc 
tax cur and closed a series of loop- 
holes for investors. 

Other fresh taxes are expected 
next month when the government 
will set the social security budget, 
which is separate from the govern- 
ment budget. It plans to widen the 
tax base in France — where cur- 
rently only half the nation's house- 
holds have income taxes to pay — 
by reducing mandatory health-in- 
surance payments on wage-earners 
and shifting the burden to a general 
tax on all income, including many 
previous tax-exempt savings plans' 

With government spending now 
amounting to 54.5 percent of 


France's gross national product, the 
highest share in any major industrial 
country. "France’ is reaching the 
point where capital could start flee- 
ing the country if the burden gets 
any heavier." said a French invest- 
ment banker voicing a commonly 
held view in Paris. 

But Mr. Strauss- Kahn contended 
that most households would gain 2 
percent in purchasing power with the 
tax adjustments, notably the plan to 
spread health-care costs to investors 
and not just people on payrolls. 

“Sustainability is going to be the 
question that gets asked a lot about 
this budget, especially in Germany," 
according to Mr. Home. He and oth- 
er economists have noted that French 
growth has been fitful — in contrast 
to « hat he called the improving pic- 
ture in Germany in recent months. 

If growth falters, it could increase 
demands for state help — a pattern 
seen in recent years when few French 
governments have maimed to hold 
tile line on planned spending. 

For example, the Finance Min- 
istry can expect demands for sub- 
sidies from business as the price of 
hiring more people to help meet the 
government's priority of reducing 


the ranks of France’s 12_5 milli on 
unemployed. 

The major beneficiary of the 
budget was the Employment Min- 
istry 1 beaded by Martine Aubry, 
which got a 3.6 percent increase, 
and other ministries such as edu- 
cation that are involved in a 10 bil- 
lion franc program to create 350,000 
entry-level public sector jobs. 

The government brushed off 
complaints by President Jacques 
Chirac that this employment plan 
was a “fallacious'' substitute for 
hiring in the private sector, saying 
that such criticism was out of touch 
with French voters’ desperation to 
see jobs materialize now . 

The military procurement budget, 
already hard hit last year, was cut 
another 9 percent, to 8f billion francs. 
In practice, that means a near-freeze 
on most new weapons programs. 

Details remain to be worked out, 
but Defense Minister Alain Richard 
said that 15,000 jobs couid be lost. 

A program that survived un- 
scathed was the development and 
production of spy satellites intended 
to reduce France's dependence on 
the United States for strategic in- 
telligence. 


“As long as we are responsible 
for the mad;” he said, "we will do 
everything to ensure that full con- 
fidence remains so that we can bring 
[his confidence also to the euro." 

He added that the euro “will have 
a good chance of becoming die 
second-largest reserve Currency, 
after the dollar. ” Against other ma- 
jor currencies, the dollar fell to 
5.9510 French-francs from 6.0286 
francs and to 1.4590 Swiss francs 
from 1 .47 00 francs. The pound rose 
roSl.6138frottiSl.6140. 

(Bloomberg, Reuters) 


Price Cuts 
At Compaq 


Bloembrrj; Nens 

HOUSTON — Compaq 
Computer Corp. cut prices on 
desktop personal computers as 
much as IS percent, citing cost 
savings by shifting to a build- 
lo-oraer system similar to that, 
used by a rival, Dell Computer 
Corp- 

The personal-computer 
maker said ii reduced die price of 
an entry-level Deskpro 2000 by 
5 percent to $949, from $999. 

Prices have been falling 
steadily in the personal-com- 
puter industry as manufacturers . 
pass on to the consumer re- 
ductions in the cost of com- 
ponents such as micropro- 
cessors and memory chips. 

Compaq also cited “signif- 
icant gains in efficiency*' by 
adopting Dell's method of mak- 
ing computers to fill a specific 
customer order, instead of 
building up inventory to meet 
expected demand. 


CjTtydrd tnO«r S&8 P'ron Oapufrtor* f 

NEW YORK — Stocks slipped 
Wednesday as tobacco stocks fell 
after a court ruling in Brazil raised 
concern that the companies would 
be vulnerable to lawsuits outside tig 
United S Wes. ** 

Brokerage stocks advanced afttQ 
Travelers Group announced ii# 
agreement to buy Salomon. . r C 
The Dow Jones industrial average 
fell 63.35 points to end at 7,906.7! 

The Standard & Poor's 500 rode* 
fell 7.45 points to 944.48, while d» - 
Nasdaq composite index slipped 

9.95 points to 1,687.41. **n * 

Stocks were showing strong gaug . 
earlier in the day as bond yields 

US. STOC KS 

fell The price of the benchmark 3% 
year Treasury bond rose 28/32 to. 
1 00 24/32, pushing its yield down th 
6.31 percent from 6.39 percent, v 
A Brazilian judge ruled again st a 
uni t of the British tobacco concern . 
BAT Industries in a lawsuit filed by 
a smoker’s family. The verdfcft 
awarding the equivalent of about 
$82,000 and a pension to the 
smoker’s family, was the first dans 
age award against a tobacco com] 
pany outside the United States, aoj 
cording to Gary Black, an analyst at 
Sanford C. Bernstein & Co. Philip 
Moms shares dropped Vt to 41%. 

Shares in Bankers Trust New 
York fell 1% to 121 13/16 aftei 
rising last week on speculation that 
Travelers was considering a bid for 
the company. '* 

Stock in Avis Rent-A-Car rose 
5-% to 22-!A in Us first day of trading) 
HFS Inc., Avis’s parent company 
sold 19.5 millio n shares, or about 70 
percent of Avis, at $ 1 7 each. HFS is 
keeping control of Avis’s reserva* 
tion system, and the company wig 
have to pay a royalty to use the A\ i.- 
name. ■* 

The industry leader. Hertz, weflfc 
public in April and its stock has 
-risen more than 50 percent since 
’ihecL-'.:' 

- - Shares in Unisys rose y A to 12V* * 
day after the computer-s“r ; c: : 
company hired Lawrence vVcir* 
bach, credited with broadening ti& 
accounting firm Arthur Andersen 
into a worldwide consulting com* 
pany, to be chief executive. - - 12 

. Camelotrose221/32to61/16<ig 
news the company was holding talks 
to license its Internet videoconfeC 
encing technology to personal-con^ 
purer makers. {Bloomberg. AF) 




AMEX 


U. S. STOCK MARKET DIARY 


INTERNATIONAL FUTURES 


Wednesday's 4 P.M. Close 

The top 300 most odrve shares 
up Id the dosing on Wall Street. 

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Ntason Motor ADR b -04V2 9-29 — 

Site Indus . .15 10-9 10-23 

STOCK SPLIT 
Aims Bixp W Vo 3 lor l sp«. 

Bag Etearonfcs i (or 1 spill. 

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Befl Atlantic Cp O .7710-10 11-3 

Greater Cm mnlty 0 .1010-15 1M1 

Horizon Fnel 0 .11 10-9 11-5 


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CuKCdoResad] c .01 9-80 10-14 
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REGULAR 

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ACM Girt Oppotl M .0525 10-3 10-17 

ACM GW Spec M ,<M75 10-3 10-17 


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28.58 3916 

721.96 755-21 


Per Ann Rec Poy 
M A75 10J 10-17 
M .1166 10-3 10-17 
Q JS 70-6 10-10 
0 .1625 10-3 T0-17 
N. .06 10-7 10-15 
M .075 10-17 J0-3I 
0 A3 12-12 M0 
Q .10 10-6 10-21 
a -0525 SL30 IMS 
Q A5 10-15 1(W1 
M .016 9-30 10-14 
Q .13 9-30 11-15 
B 2S 9-30 IMS 
Q .71 10-3 10-17 
O -25 11-3 11-21 
O JO 9-30 10-15 
O .15 10-23 11-14 
Q .0375 1MB 12-4 
M -Id 9-30 10^ 
Q -015 10-10 10-31 
Q -025 12-1 12-15 


fronmnitlMppraxtanore om ouni per 
rtaWADRj ff-payaWa bi CnmnBon tim&K 
ffHnntniyr q^tMrlarty; s-seni-flnnuoj 


§5 ^ 

174 A 


45ft tft 
lift ft 


81* ** 

12ft. -ta* 


IP* *ta 

lift 

SV» .«* 
144ft *!* 


Stock Tables Explained 

Soles figures ore unofficial. Y«tfy highs end laws rellcci the previous S2 wwta pius Ihe current 

weei&blAnatftielatBsririxSngday.wrKiBa&pBorstochdMdendamcuraingiDaspernntDriTm 
has been paid. Die yeon MgMM ranye and dMdend oreshmn tar nie new slocks only. Unless 

rtherwbe noted, rate of dwidends ore annual tfsbunefnenfe based or Vie loffist ctedorelfon, 
d - dividend oteo extra (si. b ■ annual rate of (fividtend plus stock dividend, c* nquioraing 
dhridend. cc- PE oaeedsW.dd- caBed. tf-nevnyBarty taw. dd-tosa in test ISmomns. 

B - dividend declared or paid in preceding 12 moult*, f - annual rate# increased on lost 
dedarallan.g -dividend in Canadian tends, subject id 75% nan-resldoncefflk. i- dividend 
declared after spiff- up or stock tfvidend. J - drVKjendpaid rhis year, omitted# deferred, or no 
adion taken at latest dividend meeting, k - dividend declared or paid this year, an 
accumulative issue with dvidends hi arrears, a -annual rate, reduced on lost declaration, 
n • mw Issue m Ihe past 52 week& The hlgh-fcw range begins wffli the start of trading, 
nd - next day defiwery. p- Initial dividend, annual rate unknown. P/E - pnce-eamlngs ratio, 
q *ctas«dftndmufticl tend- r- dividend dedored or paid in precatling 1 1 months, plus slock 
dividend, s - stack split. Dividend begins wffli date of split, ste - sales, t • dividend paid in 
stock in preceding 1 2 months, estimated cosh value on en-dhridend or ex-atstrittulron date. 
u-new yearly Woh.v- trading hatted, vi-in honknipfcyorreceivershrporbelngreotganiMd 
underthe Bankruptcy Act or iecu rifles assumed by such companies, wd - when distributed, 
wt - when issuod/ ww - with warrants, x - ex -dividend or ox-righls. sks • ex-dKiributton. 
xw ' without warrants, y- oe-dWdtand and sales bi telL yld - yield, z > solas In foil. 


Sept. 24,1997 

L sa L3«t Zfiys 3 r-r 

Grains 

corn [CBon 

S.010 Cv rrandr.J^-- s*rt& 39'ivcnc. 

&xr; 263. rec:. ; 4 : .:,i9i£3 

v=rs; it: :7 t -i s;.;s 

r.*e. r- 17* -1 •« '-^ T - 

jure ^ iToi vr. -V7 

500 VE 2“ :77-- ; :n=. :.?3; 

Ok It . z*v. \bZr. 

JUI99 2C : unS-- ‘3 

Esc sales 3 7 QC3 Toe ’.tan 35.774 
Toes open TM'.Z rf! 196893 

SOYBEAN MEAL CCBOT3 

1001cn> dcilcracerlw 

Gel 77 222JC Z16J3 219W -5-50 C-174J 

Dec 97 r07?0 :0’A3 205.90 -1 2t? 

JsnOB 2W30 3WL50 20310 -1.6C 12.938 

wares 199 60 197..X! lve.20 -OK 11-151 
MO* 98 19000 195X0 19730 -1X0 IJJfl 

juifls i?9 m i97xa 19^40 -no s.7« 
Ert sales 19.000 Tin's sales 17 JO I 
Tun open ini 113.148. «j 1-468 

SOYBEAN OIL ICBOT) 

44000 IDS- Uhl! perlb 

Od 97 73.75 23J4 2370 -0.26 12X11 

Dec 97 24.74 2171 24.12 -0.33 5X100 

Jon 99 24.31 23 93 2432 -035 14.926 

Mar 98 2457 2420 ZiS7 -136 &4X9 

Mery 98 24 65 2A42 24 js 5 -032 fWOT 

Jill 98 24X0 24-50 24.70 -0.27 4.96$ 

Est. sales 16X00 TiWs sales 12.780 
Tors open In) 101,484; up 363 

SOYBEANS ICBOT) 

MOObu irtnimuin- certs per bushel 
Nov 97 640 630 638ft *r. 07^56 

Jan 98 643 634V5 640ft «5v- 25.10? 

Mar 98 650 643ft *48ft -.S’-) 1CU53 

May 98 658 650 4 56ft *4 &95S 

Jul 98 664ft 657 664 * 6ta 10211 

Esi sides MOQO Twrs sales 3WJ71 
Turs open Ini 1 5^429, up 1,654 

WHEAT (CB0T1 

S0O0 bu mrlftnuAn- Conte par bushel 

Dec 9#’ MB'* 3tZft 36S>« -1** 60-512 

Mar9S 383 376W 379ft -lft 24(121 

May98 388ft 383 385 ft -J 4909 

Jul W 390 383ft 386 -2ft 10243 

Est sates 12,4)00 Tun sales 10.733 

Turs open ml 10227a up 1.403 


Livestock 

CATTLE (CMER} 

40JW0 fts.- cents per lb. 

Od 97 15 6745 47-52 4U2 24152 

Dec 97 <870 4775 67.77 -090 34614 

Fob 98 71.37 70.65 70.70 -0J0 1S674 

APr9« 7J4» 7152 7157 -0-0 9500 

Jun98 705 2 70.15 70.22 -OJ7 6567 

Aug 98 70.25 69.90 69 90 -0 72 1,854 

EsL sate6 1 e.004 luffs sates 1W40 
Toes open irt «441S up 185 

FEEDER CATTLE (CMER) 

50.000 lbs.- cents per b. 

Sop 97 79.42 79-20 79 2S -OJO UBS7 

Oct 97 79.55 78-42 JBJ0 -0.95 7J96 

Na»W 80.47 7960 79.67 4U0 1867 

Jan 98 81-30 90.45 8Q.72 -0 75 1182 

Mar 98 81.15 80 J5 80 J7 4L77 1,762 

Apr 98 81.05 ?W0 SO JO 4L62 »1S 

E*l. sales 5,153 Tiks sales 4047 
Tuws open W 19.289, o« 44D 

HOG5-LM> (CMERJ 
40000 lbs.- certs per lb. 

Ocl9J 70*2 6920 70.12 +007 11J23 

Dae 97 A&30 65-50 65.70 4.10 11915 

F«k98 65.10 6462 6475 4.15 1993 

AW 98 *106 6IJO bi 80 4GQ I^W 

Jun98 6725 47.00 6770 +0 05 1431 

Esl solos 7JSS Tuo*. sates 7 . 187 
Tun open bri 3CL331 up 23 

PORK BELLIES (CMER) 

4MXH lbs.- amis per lb. 

PebW 64.10 6190 43-90 +0.82 5.043 

Mar 98 43.85 6100 63.70 +087 470 

Mayv? aSjQO 44 H &4J2 +0.42 114 

Esl. sates 1285 Tire's sales 1.728 
Tum open Ini S.694, up 86 

Food 

COCOA INCSE) 

ID metric kvk- S per ion 

Dec 97 1495 1eo4 1691 +33 41,238 

Man 1721 1697 1718 +31 29,118 

May 98 1738 1723 1738 +30 11,991 

JUI98 1758 1750 1758 +29 14TI 

Sep 98 1773 [ 758 1 773 +26 *510 

0«cM 1789 1785 1789 +25 i,TX 

Esl sales 13.579 Turn sales SO 84 
Tan open Int 107474 up 634 

COFFEE C (NC5E) 

37.500 Bra.- can Is per IP. 

Dec 97 ITlSO 168.00 168.75 4.10 1US3 

Mor98 15940 )5oJU 156.10 4.80 5,725 

May 98 15275 TSIjM 151.15 4J5 1,793 

JM198 14840 146,15 146.15 +015 1.756 

Sep 98 141-75 141.15 141.15 +0.65 481 

Esi sates 54)92 Tim safes 7, |16 
Turs open Ml lira*, up 190 

SUGAfllffORLD 11 (NCSE) 

U200Q os.- cents per lb. 

Od97 11.02 fa 75 10.7* 022 30.212 

Mar 99 1143 1140 U.dl 015 86.110 

May 98 P1J3 UJ8 UJ» 009 21.917 

J|498 1 1 J8 1143 11. JS 009 16429 

ESI. sates 4X234 TIhts sates 2S.257 
Tops open kit ie9,wi. on 4847 


-£n‘ O^o Opte 

GRAKSE JUI2E fNCTN) 

■£35:a.3-!sM'i 

!ai* ii.'S i-ZZ ‘SVC +2A5 1&5AJ 

:=•. i2 v: xx ^9D .zss i&n 

ve« TiSS ZSZC 7 5 S3 -C4C 6J39 

;2 -T “ -=iC -OJO !J77 

=i‘- !J4B HA. '-JCS setes IZS2 
■jm t&r- , 

Metals 

=0L3 incmx: 

'ZZ’.rsi r=.-ss^=ss ertra+c. 

Sep^ 323-60 -1.40 46 

CC77 E4i: 323.00 3743? +MD 4577 

X=v67 3247: +133 

ZriCT’ 72S.CZ K5.90 +1.70 116,945 

Feb 93 239 J3 Tit'll 327.60 +!J» 1SJB5 

AS? 9£ 32SJ0 Z29M +1 JO 5.7S2 

Jim9B 231AC 330JC 33150 +1^5 R34J 

Ausn 231<0 +1.90 4487 

0CJ9S 3550 -1.90 350 

Est so^s 3 ia» Tug* sales T.151 
Tues ejen Irt 20U35, eft 945 

Hf GRADE COPPER {NCAUO 
2S.000 lbs.- certs par lb. 

5ep67 «i75 93 SO 94JS +0J5 1,767 

00 97 94 J3 94.10 9465 +055 1106 

M3*97 i£J0 9520 9545 +055 1520 

Dec 97 96J0 9480 9580 +050 27592 

Jon 93 94J0 9SX 9550 +050 1545 

FM98 9580 +0.60 1JMO 

Mar9f *620 9i65 9580 +A50 4754 

APrTB 9650 9570 95 70 +050 869 

May 98 9650 95L7D 9570 +050 2551 

Esl. soles 5500 Tu« sales 4534 
Tues open im 522W up 40 

SILVER (NCMXJ 

AO 00 hay az.- per nov m. 

Sep 97 471.10 46800 471.10 +5L80 193 

OC197 471.70 +580 78 

Mov 97 47350 +580 

Dec 77 476.00 47000 475J0 +500 52571 

Jon vs 477.00 +500 22 

Mar 98 48350 4774)0 48180 +500 1X133 

MW98 48650 48500 48530 +500 X246 

■h>l98 «IW +6J» 3JKS 

EiL sales 9/m Toes sates 9.JJ9 
Tues open ml 7X039. up 360 

PLATINUM (NMERj 
50 troy at- dadan per troy az. 

440X0 43420 43800 +150 5405 

Jan 98 43U0 42250 425.00 +250 5728 

Apr 98 41400 41000 41500 +250 645 

Jul 98 411.00 +250 3 

Esl. sates NA Tues sales 5289 
Tues open Int 13501, oft 179 

Ouse Previous 

LONDON METALS (LME1 
Dollars per merrtc ton 
AhnMnure [Mtqb tirade) 

^pol 163100 1632X0 1654.00 165500 

Forward 1638X0 1639X0 1659X0 1660X0 

Capper Cathodes iHbyfa Grade) 

Spol 2083ft 2084ft 2071ft 2072ft 

Fawart 2lloxa 2112X0 2100ft 2101ft 

Lead 

Sp« 439X0 440.00 627X0 628X0 

647.00 6*8X0 b38X0 639X0 

gat 6340.00 634500 6375X0 638500 

«««« 6440.00 644500 6470X0 648000 

nn 

■Iff SSMM 557500 S57000 5580X0 

«n«hl 5620.00 562500 5625X0 5630X0 


Ztae (s pedal mqb Grade) 

J 960X0 1465X0 1705.00 1710.00 
Forwara MSWO 1435X0 1664X0 1465X0 

Htah Li»» dose Cftge- Oplrd 

Financial 

US T BILLS (CMER) 

51 mDri<:>«i- pii of 100 pa. 

35L« I*™ W.97 94.99 +0.02 A795 

MorW W99 94.96 94.99 tlOZ 2,737 
Esl sales 15* Tm safes 348 
Mm open int 7^32, up 364 

f J™ TBEASURY ICBOT) 

J?® 1 ® 0 »}"■ PR 5 MBk. rtlOQpd 
O0 l97 10742 107-24 107 39 - 12 231 731 

EH. sales N A Tues sales 22.697 
imaper, Lnl Z1&86L up 3^06 

E mury (coon 

**0M00 Pub- ph & 32nds or 100 pd 

JffS "0 18 + 09 369,913 

1104)7 110X4 110^7 +09 11106 

Esl salos HUgri sates 3*982 
Tun PDMi kit 389,033. up 1729 

Wprt.tlOMOp-pK * 23 nd- onoapen 

J 16-15 115-14 116X9 rnsaLysB 
1164)4 115-05 jlMJ +g S S^ 

590 98 *» 4M3 

ci + 24 1.906 

EH sates 31 5JW Tuffs ides 205518 
TlteS apw m 645741 up 5J69 

“5®CH.T1UFFE1 
uOXQO - ph * 33nd« oflda nrt 


3 H3qh law Latosr Oiqv Optatf 

18-YEAR FRENCH GOV. BONDS (MATIF) 

FHoaoco-ctsoii«isci 

0 Dec 97 99.94 99 JB 99.84 +0X0 137,740 

3 7.1 nr 98 99JB 9598 99 JJ +030 *330 

9 EH. sates 88^0. 

7 Open in)- 143X70 up 6342. 

ITALIAN GOVERNMENT BOND OIFFE> 

_ ITL 200 nation -pbatiaa pet 

Dec 77 11228 11144 11125 +041 11&094 
F-’ar93 N.T. N.t, 112.10 +OJ6 900 
Est. sales; 51,976. Prev sateto 48,955 

1 Prw.cpen W.- 119X74 off 1,541 

’ UBO R1 -MONTH {CMER} 

- SSipflOau- ptsdUBpcl. 

: Oa97 9437 9436 9437 unefl. 28.787 

, Now 97 Ste3* 9432 9433 unefi 39X45. 

\ Dec 97 9418 9416 94.17 unch. BX36 

r Esl sales 3435 TWs sales 1764 
I Tubs open Int 75730. up 1X87 

EURODOLLARS (CMERI 
SI m26on-pls of 100 pet 
Od97 9436 94X5 W35 unch. 22X91 

Dec 97 7430 94.17 94.19 UOCtl 585.004 

Mar 98 94.15 94.11 94.14 +0X2 39&817 

Jun 98 9*07 9402 9405 +0X2 305.943 

; Sap 98 93.99 9194 93.97 +0 02 234253 

Dec 98 93X8 93X3 93X6 +0X2 205316 

Mar 99 93X7 93X2 93X5 +0.02 143X33 

Am 99 93.82 9177 93X0 +002 111648 

; 5*099 9178 9173 9177 +0.03 9&330 

Dec 99 91 73 93X7 9171 +OX3 81,495 

Mar 00 9173 9167 9171 +0X3 69X85 

JunOO 93X9 91*1 93X8 +Q04 57X90 

Esl sates 31 a 124 Turs sales 205282 
Tiws open Int 1629.225 up 5819 

BRITISH POUND (CMER) 

62X00 pounds, I per pound 

Dec 1X130 1X040 1X084+0X008 28X97 

MafM 1.6040 1X000 lxtco+ajjooe 234 

Jim9a 1X960+0X008 27 

Est. sates 4340 Ttxrs safes 4397 

Tuw open lnl 25758. up 10 

CANADIAN DOLLAR (CMER) 

1 00000 donors. I per Cdn. dir 

Dec 97 J245 .7223 7738+0X010 47X49 

Mar 98 .7276 .7269 J771 +0.0010 1X23 

JUnW .7300 -7794 .7294+0X010 407 

Est. sate* 4137 Tueta safes 4412 

Tuas open ini 49,901, up 135 

GERMAN MARK CCMEIU 

1 25000 meuks, S per ntdrt 

CHK97 -5682 -5400 X674+0X063 55X79 

Mar 98 X7C8 J700 .5705+ 0.0048 2,288 

JljnM 5735+0X069 2X13 

Est. sates 21131 Tues sates 39X38 

Tues open int 6ft48a off 1485 

JAPANESE YEN (CMERI 
^S^onwaSperKByef, 

[£*2 ^9 ^0 -Ml +XI12 75X91 

Mor98 .8562 .8331 XS2 +X111 783 

Junw X635 +X113 165 

»tes 17,788 Tues sates 15,770 
Tu^s open Irt 76X40, aR 330 

FRANC (CMER) 
mxn> ftnn^s par Irene 

'S2S -®#1 ^925+0.0058 3&B44 

MarW .TWO .6988 X994+0JM58 L2T4 

-7061+0X058 175 

Esl. sates 10,770 Tueta sales 10218 
Tubs open W 35341. off 1.127 

MEXICAN PESO (CMER) 

500000 pesos, i per p«o 

!??" -tMW+X0l42 25222 
■H99S+.0D106 5086 
■tan 98 .1)635 .11570 .11625+X0106 1,771 
E*t. sates 8X31 Tuff* sales 15456 

Tu« op«, W 35123. up ow 

«S.°2CT H ?T!. R y. NC wpfej 

aooxoo. phot kb pa 

Dec 97 92X9 9256 92X8 +0X2 131X35 

MarM 9Z60 9156 9258 um 

&S 1 *2- 75 *7.78 +0JJ2 44437 

fili 2 ,B? 92,1 *0X1 6ft642 

¥° r S S 07 nra +0X2 62X14 

tan 99 63.17 93.11 93.1s +0X3 39.939 

Esl sates; 75049. Prt*. safes: 85.163 
PWr.OOWIIlU 636X06 aft 2,719 

UNONTH EUROMARK (UFFE) 

DM1 mBkui-ehanoOpd 

*443 96.62 96X3 +0.02 4+439 

vpt 9654 96X4 +0X2 792 

96.44 96X7 +0X3 389478 
Jun'lM o+S 0455 +WM W1X10 

25-*® <Ma +0X5 24M78 
rw « J5.8T 95.79 9S83 +004 (75.09t, 

2c S +0X4 ]«W4 

os ^ 2 95X7 +0X4 151X83 
95X5 9628 95X2 +0X4 7il04 

95.20 45.I4 95.18 +004 62X43 

1^. rales: 239.074 Prev. sates. 716X78 
P,w - PP«1 W- 1X74455 up &60Q 


High La* Latest Chpe SplM 

Sep 98 9121 9507 95.19 +007 51.769 
0«98 95.19 95X9 95.1* +0.CB O.W 
1 Mar 99 9513 95X2 . *5.10 -h1G7 208» 

i Jun 99 9497 WJt W.97 +005 1&3\> 

- Sep 99 94X4 -9471. 94X3 +OX4. ' 1^ 

EsL rates: 80600. Pin rates: 100920 <* 

Prow, open ini- 385894 up 5029 v 

*. 

Industrials t 

COTTON 1 CNCTH) ? 

55000 lbs.- certs per lb. / 

Oct 97 72JO 71X0 71X0 -IJ9 7S8 

DffC 97 7447 7X92 7410 -OX 4550T 

/to 98 7555 75.10 7520 -031 U3F 

May 98 7620 7565 75173 •Q.Z7 &4»2 

Jul 90 7640 7640 . 7640 -535 60«2 

Esr. sales N A. Tues setos2W»7 — 

Tues epenint 85257, off 2X38 _ 

HEATING OIL INMUD 
40,000 ga(, cents par sol - 

00 97 5535 5405 5574 +0X0 25Xfe 

Ho* 97 5620 5495 56X5 -055 37.947 

CtecW 57.00 5590 56 90 -tL5S 260S7 

J«l 98 57X5 5460 S7X5 +OXO 3I.2W ’ 

Feb 98 57.75 56X0 57.75 +0X5 I1.9BE tk- 

Mar 98 57.10 5635 57 05 +0X0 9X33 ~ 

Apr 98 S5JS «.I5 5575 +0 50 4 G3 
Esl. sales N A Tues soles 36137 
Tues open Int 150364 off 2X68 

LIGHT SWEET CRUDE (NMERJ 
1X00 DDL- dollars per DM. 

Nov 97 20.05 (9X4 19. 94 . +0.15 101727 

Dec 97 2D.15 1973 20JM +0.17 6243J 

Join 20.15 19X0 30X8 +0L17 37.&B 

FebW WX8 19X5 20X0 +ai6 16737 

IWnr98 20.08 19.90 20.06 +0.16 10,78+ 

Apr 98 20X7 19.98 20X7 +A15 9.2^ 

Esl sates NA. Tues sales 80400 
Tuffs open M38W7i oft 16X81 

NATURA L GAS (NMER) V 

10X00 mm bhrv » per mm bhj -q 

M97 3.050 1965 3X20 X.028 38. *8 

Nov97 3.110 1030-3X90 -0.009 

Jrei98 1154 3X90 1135 -0.019 26303 

fgbM 2.780 2.735 1780 -OX09 17,300 

Mar 98 2490 2420 2475 O.OQS 11,756 

Est sates NA Tues sates 91,700 — 

Tun open tar 247X41, up 248 g 

UNLEADED GASOLINE (NMER) 

«XOOfli* cents per gat >a 

22? 58X0 5770 58X7 +QX1 20.38 

rwa? 2™ 5497 31TO 

S 47 ? SAO 56X2 +0J2 14X85 

tan9B 56X0 55.90 56n +OJS 1X5(9 

r ™ w 57.13 +028 4.*m 

Man 57X8 57.75 57X8 +SS X8B 

fy* 9 * 6073 +028 X9S 

Moy98 6063 +038 24W 

Est rates NAfue-s sales 21474 ■+!■ 

Tuffs openw 1028*2. all 520 C 

GASOIL (TPE) ■? 

UA daBartpar metric Ion- lots of 100 tans n 
on 97 17075 lfi«X0 170^5 —025 KlTra 

5J0*97 172.00 16975 171X0 —025 

Dec 97 17X25 171X0 17100 -Z£ 17.3& 

Jon 98 174X0 173X5 174X0 —025 (I® 

Feb 98 174XO- 17375 17475 -025 Uu 

N.T. N.T. 173X0 -0JS 2mS 

N.T. N.T. 172X0 -o» 

Esl. sates: 14510 . Plsv. sales : luU5 
Pm.apflntnl4 9X2(Uup 1449 


■4 

20.38 

saw r 

14385 |k. 

1X5C9 
4353 
SBB 
X9S 
2466 


BRENT OILtIPB n 

ot 1X00 brow* 1 

s iSs-aa «8 as sta 

Jams 1895 18.71 ijw IS-K 

Ftwe 18.95 ' 18.71 18 92 *£2 

Mar» 1687 r 1848 I8X7 +ou 3^2 

Apr98 N.T. N.T. 188? tajj ^ 

satac! 28,120 . Prev. safes : 38.984 

Prev.apenlnL: 141865 oft 4X14 ^ 3 


f 

Dec97 970X0 951X0 954 7^ it- .. 

■Sn 98040 Jgg ViS ,S aS 
't?', TuW “•« «W2 U " a ' ,W 

Tim open Int 1V0589, eft 36.54V 
FTSE lODfUFFE) 

OSperlniteipoIni ^ 

ss "a i5 s? as :« •» 

Wasetarav- * 


h®-'? »8X6 1 18-13 +048 2474 
U7-31 117-10 117-X +MI173S3 

Crates: 5V.714 

Prev. opon Ini I7t/jn up 1,515 

GERMAN OOV. BUND OJFFEl 

8SWlri5wm 

Bg.!I 102X9 102.95 +027 173. TIB 

Mre« 103 IS IOI55 102.14 +0JI ijJS 
ESI sates- 177.227. FYW.raie*. ||im 
Prey. OQOii tnl oh 4 MO ‘ 


S-MONTH PIBOR (MATIF) 

FFS mifflon - pis of 100 pci 

DOC 97 9644 9641 9644 +flrj4 

Mar W 96X3 9618 9^22 + 605 
tan 9602 95.97 96X1 1 006 

J*™ rift 9544 9540 —nru. 
*tar99 95X5 95X0 tSaS 

Esl- rates. 65489 

Open Int-- 204,156 up & 

gf5HESiraiBr> 

s;s fir as as •« 

aS a” ,*ss 


CAC48 (MATIp) 

299,0 303C -5 

3H 1J) 301 3WA5 
IWcr98 3055.0 365X0 3069X 
57X86 
°Pen Int^ 86X23 


Commodity indexes 


Moody's 

Hcutofs 

c& Rmms 




t 





INTERNATIONAL HERALD TRIBUNE, THURSDAY, SEPTEMBER 25, 1997 


PAGE 15 


EUROPE 


EU Inquiry 


irn mate i 


and Tr» ^leo. 


Past. 
.=/ e "'ll 


h :v^S^ 

•^r:;n= ^Wd ^ $ 

ls .P^inieni s 

rcSSSafe 

- * • • v, v ik^visis; 


“• • *:.l. ;/i v 


Is Likely Into New Drug’s Failure Batters Sanofi Stock 

WestLB and Profit Outlook Is in Question After Osteoporosis Product Proves Ineffective 

(itatA r llYlflc “It's a major disappointment," Nonestrogen treatments such as earners, including the blood-clot 

k/ldtty X U 1 HIS PARIS — Sanori SA's shares said Vanessa Laurence, an analyst Skelid for women with the bone- treatment Ticlid.expire.lt is waiting 

pl ung ed ] 3 percent Wednesday with the brokerage Leven. “Even thinning disease are expected to for U.S. Food and Drug Admin- 
j Bioombrrt News after nwFrencndrugniaker said a though Sanofi still has two other become popular as some studies istration approval of the blood-pres- 

• D/->NtN Th^ actnriori .u new product, Slwud. had proved promising products, Sketid's fail- link estrogen- replacement ther- sure drug Irbesartan and the bfood- 

LJL_., n *- n l v at ineffective m U.S. and European ure threatens the company's long- apies to breast cancer and cancer of clot preventative clopidogrel. 

trials for treating osteoporosis in term profit outlook.” the uterus lining. Merck & Co., Eli The company said strong sales 

fuW ,.. ^ c ? n ' post-menopausal women. Sanofi shares finished 83 francs Lilly &. Co. and other drugnrakers of Irbesartan might make tip for the 

LnuM mb* in , ™?? SSIon ^igh hopes for lower at 552. It was the most active arc working on similar products. revenue Skelid was to bring in. 

® < ^ 1 *P ule Skelid. HSBC Junes Capel had stock on the Bourse. The oil com- Sanofi said that even without But analysts said Skelid was es- 

StaIe funds t0 forecas ‘ ^ at * e , dru ? would gen- pany Elf .Aquitaine SA, which owns Skelid. it was not going to reduce pecially important to Sanofi be- 

w' ' ? raIe a /l nua ^„ sa ^. 2.5 billion 53 percent of Sanofi, rose 6 Francs to its earnings forecasts for the next cause it was the only one of the 

C °.TJ francs ($414.7 million j within five 81 1 after an early tumble to 788. four to five years. It said profit ihree new drugs it had developed 

^ expected years of its launch. "It's a megadisaster for San- would grow 10 percent this year. alone. Irbesartan and clopidogrel. 

^°P*j n r«*h»T k u?' aid 10 ^h e rT ^ ar ^ et f° r nonestrogen os- ofi," said John Fordyce, an equity Sanofi will be increasingly de- to be marketed as Plavix, were de- 

NY iptacmsc LanaesDankuirozen- leo porosis treatments could reach trader with the Oddo brokerage in pendent on revenue from dugs it veloped with Bristol-Myers 

5~?, next eanesaay. Oliver as much as $5 billion in annual Paris, which cut its recommenda- has under development to drive Squibb Co. of the United States, 


• Bloomberg Newi 

I BONN — The association that 
represents German private-sector 
banks said Wednesday it was ‘ ‘con- 
fident" the European Commission 
would rule in its favor in a dispute 
over the transfer of state funds to 
state-owned banks. 

Karel Van Mien, the EU com- 
petition commissioner, is expected 
to open an investigation into aid to 
Westdeutsche Landes bank Girozen- 


Wottrom, a spokesman for the Fed- 
eral Association of German Banks, 
said. 

“Our prospects are good," Mr. 

•SSS^Z Northwest Expands Huge Jet Deal With Airbus 

the EU in December 1994 after it AO 

was rebuffed by the German Fi- Bloomberg News AMR Corp.’s American Airlines, ceived strong customer and employ- firs l of an additional 20 A- 3 20s to 

nance Ministry and a German bank- MINNEAPOLIS — Northwest Delta Air Lines fnc. and Continental ee approval. ” Northwest next year, under an earli- 

mg watchdog. Airlines Corp. signed a firm order Airlines Inc. have all signed agree- The aircraft will be powered by er order. Northwest also has the 

■ . onDeutsche Wednesday for 50 Airbus Industrie meats making Boeing Co. their sole CFM56-5A engines built by CFM right to acquire 16 A-330 planes 

marks ($3~28 billion) in housing de- jets and took options for another supplier of aircraft for 20 years. International, a joint venture of Gen- starling in 2004. 

velomwait funds transferred to 100, as the American carrier sim- Boeing agreed lo drop the ex- eral Electric Co. of the United States Airbus is a consortium of British 

WestLB from the state of North plifies its fleet to keep maintenance elusive nature of those contracts in and Snecma of Paris. The Ohio- Aerospace PLC. Daimler-Benz 

Riune-Wi^cphalia, which owns 43 and training costs Jow. June as a condition to win European based CFM said the engine order Aerospace AG of Germany, 

percent of the bank, constitutes il- The Minneapolis-based airline. Union approval for its acquisition of was worth $500 million. Aerospatiale of France and Con- 

legal state aid because WestLB did Airbus’s largest customer, had signed McDonnell Douglas Coip. But the Airbus will begin delivering the strucciones Aeronauticas of Spain. 

hoi have to pay market rares on the a preliminary agreement to' buy the large commitments by the three air- 

capital and used it to expand ac- 50 A-319 jets, valued at $2 billion, in lines make it unlikely they will turn 

uviues such as investment banking. June. The planes will be delivered to Airbus anytime soon. ft . n n n • j • * 

• Willy Helin, a spokesman for the between 1999 and 2003. The options Because Northwest already op- fdt" 4 IrlUSt JtjGCOtTie JAllSSltt iTlSIStS 

Commission, confirmed that the ex- for the 100 additional narrow-body erates a fleet of 50 A-320s, which 

ecutive ag ency o f the EU was likely planes would be valued at $4 billion tf have the same cockpit and systems Age** Fronce-Presu Chubais said at a news conference, 

to launch a formal investigation next they become firm orders. and use the same engines as the A- HONG KONG — Russia will in- The declaration won immediate 

week. He said it would focus on The options are for both A-320s, 319, Northwest said it would not sist on formal admission to the Group endorsement from Germany, which 

whether some of the 5.9 billion DM which seat 150 passengers, and A- have to retrain its pilots to fly the of Seven major economic powers has long favored such a move, 

could have amounted to an illegal 3 1 9s, which seat 124 passengers. planes. It has no Boeing 737s, which when its finance ministers meet in Helmut Schasser, a senior Ger- 

Subsidy. Mr. Helin said the inquiry The order was crucial for Airbus, compete with the A-320 family. April, Finance Minister Anatoli man representative at the World 

would concern only the WestLB because the European planemaker "The A-319 has commonality Chubais said here Wednesday. Bank. said. "We will support it." 

housing fund and not the wider de- has lost some of the biggest U.S. with our expanding A-320 fleet," "We will insist that the formula The G-7 groups Britain, Canada, 

bate about financial guarantees to airlines as potential customers in the said the chief executive. John Das- G-7-plus-one be done away with and France. Germany, Italy, Japan and 

state-owned bank. past year. Since November 1996, burg, “and both aircraft have re- replaced by the G-8 formula." Mr. the United Slates. 


sales by 2005. 


lion on the stock. 


has under development to drive Squibb Co. of the United States, 
growth as paients on some of its big with which Sanofi will split sales. 


Sold 




• ; ^ 

- - ’"jfltfll 

'• /-i®- 
- ■ . ’ 

- • " r'r.v*? 

. -• at 

. -it- 

--SKS ■ 


G-7 Must Become G-8, Russia Insists 


Agence Frunce-Preue 

HONG KONG — Russia will in- 


Chubais said at a news conference. 
The declaration won immediate 


WORLD STOCK MARKETS BMi8 

^ BritSfed 

Wednesday, Sent. 24 hw u* om n». t?R Teto>n> 

Hoeaw nj0 76M 7U0 76M BumWiCnst 

Prices hi toad currencies. Kamtaft 649 60 54+sO mi BuJtonGp 

Teiekun Lahraeiw 99J8 w m w cafafewseta 


rpO Mtoh Low Close Prey. 

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77-50 76J0 7*40 7*60 BunHdlCttM 10-72 1148 10*7 1&S4 Benefit 


Htotl LOW 


High Law CtoM Prev. 


Htoh Law aose Prev. 


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Amsterdam a ex uu w*u 


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1700 1470 1700 1475 Renault 

29150 28300 28650 29250 Rend 


2779 2683 2200 2714 ABBA 

3310 2262 2288 2242 Asli Demon 

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544 545 5*5 5A4 ENJ 

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6250 6120 6245 6160 SEB 


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747 743 7J8 745 Generali Astlc 39550 399CO 39950 SG5 Thomson 


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15440 15510 15*20 156J0 Preussag 
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109.10 109.70 Springer (AmO 
193 189J0 Suedzuduef 


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8340 <140 82.10 S2M Veits 

42 6030 4140 62.20 VEW t 

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9170 9050 91.10 9140 

7090 69J® 4940 4970 Ualalnki 

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11440 11270 HIS® U3SQ Merita A 

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19530 19430 1908 19560 Matoa-SertaB 
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11840 11870 11830 117.70 Orion-YMime 
i 10930 107 60 108 10850 Outokumpu A 


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121.90 119.90 121.15 12140 GEC 

1550 1550 1550 1535 GKN 


658 *45 *47 

140 335 338 136 

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585 5.73 583 579 MadUnnea 

446 440 444 *44 Montedison 

*60 455 *54 435 OOwffl 

177 175 1.75 176 Parmalat 


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2770 2735 Z770 1/60 Sodexho 

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9070 8875 9070 9020 Suez Lyon El 
14050 13800 14050 13990 SyntMofan 
13)2 >206 1308 1309 Thomson CSF 

938 906 927 921 Total B 

2950 2850 2950 3870 Udnar 

5150 5000 5100 5070 Wire 

15450 15325 1S63S I532S 

24900 24400 24700 24600 


870 855 860 855 
593 575 582 582 
B63 841 853 848 
2850 2806 2806 2801 
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914 Nontoonken 


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l-m l^l 15S7 ins GKN 1325 1315 1325 1371 RnJo Banco 24900 24400 24700 24600 

883 881 882 0 83 GtoDWtUcarae 1375 1348 1374 13J4 S Paato Torino 13440 12BS0 12850 13100 

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119.50 11*70 119 11390 5-E Banker A 

400 34770 38940 367 JO Stand ia Fan 
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*75 *42 - *70 *43 

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347 340 344 346 OtolitflA 

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149 243 149 244 Gaz Metro 


7065 6970 AMI 6925 

BradesooPM 

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iMtoariah hides: 347546 CeralaPtd 
Previous: 347*24 CESPPfd 


Qapei 

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59 JO 5870 5849 5880 
87 JO 8*50 8*51 87.00 
17 JO 1780 1780 1*50 
50280 575-00 579.00 57180 


2970 2914 29.70 2935 flaubancoPM 43080 40980 43000 60*80 

3814 38.15 WJ 38.15 LigMSerektos 47181 47300 tn.m 47480 Amcor 


Sydney 


4*55 4*10 4*55 441* 

1335 1885 1330 18 


7350 71 73 7150 LtoyrisTSBGp 

2240 225® 2250 2270 Lucas VarWr 

154 152 154 1S2 Marks Spencer 

49 4830 4850 4870 MEPC 

13750 134 137.10 139 Mwony Asset 

479 JO 473 47350 447.10 NalkMUGrid 

185 182 18350 183 Nall Power 

97 JO 95 97 __9S NaWret 


9J4 9*8 954 981 Gt-West Lifecn 32.95 32-60 3170 32V, pauWa Lw 

289 245 168 147 hmocn 4140 4170 41*5 4395 sSdWaaonal 

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7.75 7*5 773 744 LottowCos 22 2170 21.M 213} Tetebras Ptd 

226 222 124 224 Natl B* Canacto 1970 JSUH 19.15 19.20 rwemiq 


Ugtdpar 385.00 379.99 38480 38380 ANZBMng 

PetrabrasPH 30*99 300.00 30*99 300.99 BHP 


Vendor ta« 
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431 m 425 42*50 427 UPMKyanwae 14250 14050 143 14040 Next 

119*0 11A* 11850 117.90 Vatmet 18 87 87.70 <750 Non, 


44JSJ 4128 43Mi .4380 


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2780 2775 2740 2775 RaddBCohn 

11.95 11.10 11*0 1185 Redkmd 

8*25 8275 8125 83 Reedlldi 

22-30 21.95 21 JK 2235 RentokHMU 

42 4040 42 40» ReutasHdgs 

4270 4180 4LM 4230 Rfotm 

35.10 3*60 3480 3*90 RTZrag 


307 104 107 99J9 Hang Lung Dev 1*65 1*40 1*55 1*K Rods Royce 

06 100 104 102 Haag Sang Bk 89 87JB «3S 08 RayoiBkScoT 

100 10U 850. 83> 8*0 MS Royal 8 Sun AH 

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47*25 464 *7273 46850 1815 1815 1815 1815 SnM Nephew 

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Tata Eng Lore 32875 318 32*50 



SM Okra Prist 
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BEL jOMd« :2M973 uS!^ 

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WO UM 1*» }*£ oSKs 

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3145 X*: 3135 3080 JKKL 

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7470 7540 7620 7640 BkNegraa 975 925 950 950 

3435 3410 24S® 3C0 GudangGatra 9600 WOO 9500 8900 

7320 7210 530 (ndocerenr 242S 2375 24m 2m ZenfiCD 

mo 2925 2950 mi Lndoftxxl 4200 3873 4125 3850 

5480 S.«9 5640 5670 hutoaot 8150 B025 8075 8050 ■ ■ 

14700 14500 14550 14725 SmpoemaHM 7025 4625 4875 66Z5 |> ar Jrir! 

14425 14500 14500 14600 SemnGnA 3175 3075 3075 3^ Maana 

14200 14025 1410) WITS TotefcmniiAasi 3625 3S50 357S 3500 

4935 4920 4930 49» Acerinox 

9200 91 W «10 W0 ACESA _ 

34CS 33Tfl 3370 33^ — Agues Baraeton 

2175 2145 2TSS 2170 _ AraaMta 


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5-55 5*3 5.52 *44 RuyalBkCda 

871 8J3 856 860 

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5.18 5.14 577 5.14 

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3-30 378 XT 379 

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22 71.70 21.70 2170 TeteOras Pfd 

19-20 79*5 19.75 79-20 Tefemig 

39*5 39.10 39.15 3970 tShI 

39.90 3916 39.90 3916 TeterePfd 

75.90 25*5 2S« 2S* Un^anCa 

8h lit BW 840 Usrmlnas Ptd 

681* 4815 4840 4810 CVRDWd 


OBXladae 69977 ... 

Previous: 49827 Seoul 


192.00 190.00 19200 189-OQ Band 

43*0 41.990 4800 4200 Brambles Ind. 

1033 10J0 1079 1070 CBA 

14030 13800 13970 13850 CCAmafl 

165.00 I63T0 16370 14*00 OfesMyar 

14*99 143*0 14*50 14*50 Comrrire 

333*1 329*0 332*0 32*05 CSR 

39.00 3850 39*0 38790 FastenBnw 

1 150 .11.75 11*1 HAS GaodmreHd 

2800 2*800 2*00 7720 ICIAustndb 


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NatMutoal Hdg 2*3 238 278 243 

rrarwos. dw-m U u«r»r *8g 680 4*3 6*9 


85900 80000 82900 83500 




A WEEKEND CONFERENCE 
DOES HAVE ITS REWARDS. 


7320 rrn cto w» 
3(30 292S 2950 W® 

5680 5630 5660 5670 


*89 

*85 

*85 

*84 

7.47 

7® 

7M 

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a- 8600 8420 85» 8440 

8W, 4445 4370 444S 4*0 

Banesto 1565 1520 1525 1555 

BnnSrter B-S3 8250 84S0 8250 


All Conrad IntcruationaJ hotels offer jn elegmce and sre'e that is second 10 
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CONRAD 

INTERNATIONAL 


K O T : L 5 


^,SS,aS.J3S Markets Gosed ^ g S S i 

The stock market in Johan- v?to Sot wtS SIS BmgjnifcA 

nesburg was closed Wednes- B“ p |*“ nder So 1m So om « 

Copenhagen day for a holiday. m> go » gg Lna 


f^1lfT2JlBjRJizi^RJiTiEj:gi^iiEJRira. ; rgii^rai|^il^lBlRJ0rHi^iEl^ir5J^ir 


3SSEE 




215 210 215 2H DoewooHaavy 72SO 4900 7050 6920 Pocffic DOttlop 


379 m m 37^ 

% % S ™ — 

745 $ 689^1* Kuala Lumpur 

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• *8$&iik " 1 

lmem animal Henid Tribune 


Very briefly: 

• National Grid Group PLC will sell at least 25 percent of 
Gnergis Communications LtcL, its telecommunications di- 
vision, in a share offering in December after failing to find a 
partner for the uniL 

• Spain began its largest public share offering with the 
publication of the privatization prospectus for up to 35 percent 
of the country's largest electricity utility, Empresa National 
de Electricidad S A. Sepi, a stale holding company that owns 
66.9 percent of the utility, will offer initially a 25 percent stake 
of Endesa, which would be expanded if demand warranted. 

• Volvo Truck Corp. said it was about to start commercial 
tests of a newly developed hybrid truck, the FL6 Hybrid, that 
combines conventional diesel fuel and advanced electric- 
power and could operate for 30 kilometers (19 miles) without 
exhaust or noise emission. 

• Austria tightened its grip on suspected money- laundering 
with a law that orders holders of anonymous trust accounts to be 
identified if the accounts exceed 200,000 schillings ($15,800). 

• Schneider SA's first-half profit doubled, to 1 billion French 

francs ($165.8 million), on stronger sales, cost-cutting and 
lower interest charges. Bloomberg. Reuters 


The Trib Index <*»«*■» 

Jan i 1902 - 100. Luwol Change %chongo year to dale 

%dteng* 

World Index '77.JT +1.70 tO.97 +1B.B3 

Re^onul indexes 

Asta/Fadftc 120.57 +2.52 +2.13 -2.32 

Europe 194.11 +2.63 +1.37 +20.42 

W. America 208.00 >0.31 -0.1 5 +2S.47 

S America 169.28 +1.62 +0.97 +47.93 

Industrial mdrana 

Capital goods 224-82 +0.79 +0.35 +31.54 

Consumer goods 195.91 +1.77 +051 +21-36 

Energy 207.08 +1^1 +0.64 +21211 

Finance 131.34 +1.79 +1-38 +1278 

MsceBaneous 184.90 +0.97 +0.53 +1429 

Raw Materials 187.45 +1S7 +0.84 +€.88 

Service 168.95 +252 +1.53 - +21.58 

Utilities 171.64 +1.72 +1.01 +19.84 

77w international Herald Triune YttoM Stock Index O Bucks !t» U.S dobsr values ct 
SBO ntommjaniBy nvssfabis stocks Imm 25 cowttries. For more Uomtabon, e bee 
booklet is avadaMe by writing to The Trib Mot.181 Avenue Charles da GauflB, 

92521 Nei^ly Codex. France. Compaed by Bloomberg News. 


110 107® 108® 111 

355 349 253 749® 

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249 744 247 248 

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328 321 324® 319® 

224 222 222® 225 

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131® 127 131® 128® 

258 253 254® 255 

210® 207® 209 210 


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Preview: 2774*8 

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11.49 11.25 II® 11*3 

15.95 15.73 1573 15*9 

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29.70 29® 29-46 2974 
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15.14 1*65 15.14 14*4 

7.14 *96 7.10 7.12 

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575 5*5 5® 577 

2.99 2.95 299 2*7 

2.29 275 2.25 2® 

B 18 12*5 13.16 12.96 
87 33® 3376 34 


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+18.83 


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Denso WO 

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Fanoc 4908 

FoiBank 1400 

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NTT Data 53301 

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Topprai Print 1710 

Tony Ind 737 

Tombo 454 

ToEton I860 

Toyo Trust 980 

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298 303 330 

1760 1800 1770 

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398 403 392 

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2235 2210 2225 2225 

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1197 1177 1187 1 
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537 535 536 535 

4915 4865 6900 4905 

4000 3950 3994 4000 
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2083 2034 2052 2041 

2388 225B 2249 2295 

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1081 1040 ion 1070 
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1970 MOD i960 1918 
1487 1645 1644 l*S2 
1433 1400 1431 1«4 

429 817 413 421 










PAG 



PAGE 16 


Wednesday's 4 P.M. Close 

Naltmtie prices not fBHBc^iatelndeseisaitMiB. 

The Asaodawt Press. 


CVTEHNATIONAL HERALD TR IBUNE, TH URSDAY, SEPTEMBER 25, 1997 

NYSE 


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INTERNATIONAL HERALD TRIBUNE, THURSDAY, SEPTEMBER 25, 1997 


PAGE 17 































































































IBttSB'S5EBIifSIIFSns5FIim»PE'S>DPOe>PeO«5ff't>=’«'«'0-rT'J'J'TT-nTi-n-nmi 




PAGE 18 



PA( 


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Scandal Triggers 
Shake-Up at Daiwa 

Ex-Head Arrested at Yamaichi 



INTERNATIONAL HERALD TRIBUNE, THURSDAY, SEPTEMBER 25, 1997 

ASIA/PACIFIC 


Cor^tSni &» Ow Skjff From DOftarhei 


The prosecutor’s office said Mr. 
TOKYO — A widening scandal Miki was suspected of conspiring 
involving payoffs to a racketeer with five other currentand former 
claimed new members of Japan’s Yamaichi Securities officials, who 
business elite Wednesday with the are already under arrest, to com- 
airest of the former president of pensate Mr. Koike for seciinties- 
Yamaichi Securities Co. and an ex- trading losses m violation or Japan s 


ecutive shake-up at Daiwa Secu- 
rities Co. 

Tokyo prosecutors said they had 
arrested Atsuo Miki, the former Y a- 
maichi president and currently an 
adviser to the brokerage, for his role 
in. Yamaichi 's alleged payoffs to the 
racketeer at the center of the scan- 
dal. Mr. Miki resigned as president 
last month to take responsibility for 
the scandal, in which Yamaichi is 


securities law and its Commercial 
Code. . 

Also on Wednesday, Daiwa Se- 
curities Co., Japan’s second-largest 
brokerage, said its president, chair- 
man and five other top executives 
would resign at the end of this 
month. 

Daiwa Securities joined the ust of 
big brokerages caught up in the 
yanrial last week, when prosecutors 


accused of making illegal payments raided its offices on suspicion that it 
totaling 79 million yen (5648.000) had made illegal payments totaling 
- 67.3 million yen to Mr. Koike. 

In a news conference at theTokyo 
Stock Exchange, the chairman and 
the president of Daiwa, Japan's 
second-largest brokerage, dodged 


to Ryuicbi Koike. 

Mr. Koike is under arrest for his 
role in a payoff scandal that has 
ensnared Nomura Securities Co., Ja- 
pan's biggest brokerage, and Dai- 
lchi Kangyo Bank Ltd., a leading 
commercial bank. 


China Calms 
Jittery Markets 
Over Listings 

Reuiert 

SHANGHAI — China's 
stock markets closed higher 
Wednesday, buoyed by official 
assurances that the market 
would not be swamped with new 
issues from struggling state- 
owned companies, brokers said. 

Commentaries in official 
newspapers pledged that the 
Communist Party’s latest plan 
to overhaul state industry would 
not mean a massive expansion 
of the stock market in die near 
term, easing investors' fears that 
the market might be swamped 
by a wave of privatizations. 

Shanghai 's index of A shares, 
those reserved for domestic in- 
vestors, surged 6.69 percent, to 
1,158.428. In Shenzhen, the A- 
share index gained 6.64 percent, 
to 350.78. On Tuesday. Shang- 
hai tumbled 5.70 percent, and 
Shenzhen fell 7.49 percent 


questions about alleged payoffs, cit- 
ing ongoing investigations. 

“We feel responsible for having 
allowed the situation to develop in 
this manner,” the departing pres- 
ident of Daiwa. Motoo Esaka, said. 
“But we’re leaving the payoff in- 
cident to investigators." : 

The payoff scandal so far has 
caused resignations at Dai-Ichi 
Kangyo Bank — the fourth- largest 
bank in Japan — and three of the 
country’s Big Four brokerages. 

Nomura Securities was the first 
company implicated. Nikko Secu- 
rities Co. is the only major Japanese 
brokerage that still has the same top 
executives it started the year with. 

Payoffs to sokaiya. racketeers 
who extort money from companies 
by threatening to expose dubious 
business practices or disrupt their 
shareholders meetings, have been 
illegal since 1983. 

Daiwa is losing its most expe- 
rienced executives just as it and oth- 
er Japanese brokerages ore prepar- 
ing for government measures 
designed to liberalize the country’s 
financial markets. 

Daiwa ’s vice president, Tomoaki 
Kusuda, will succeed its chairman, 
Sadakane Doi. Five other executives 
also stepped down. Daiwa said its 
managing director. Yoshinari Hara. 
would succeed Mr. Esaka, who also 
offered his apology’ for “destroying 
trust” in the securities industry. 

f Reuters, Bloomberg) 


l * ■ w ,']w 

Of. • 




ft/* 



Indonesia Revs 
Chicle Industry 

President Suharto 

inau g ur ating a domestically 

produced small-engine 
motorcycle Wednesday that 
was designed by 12 engineers 
at PT Astra International, the 
maker of the Timor national 
car. Baptizing the motorcycle 
the Expressa, an Indonesian . 
acronym for “extra 
achievement of the nation,” 
Mr. Suharto defended both 
national vehicles as bringing 
automotive ‘independence” 
to Indonesia. The country is 
the world's third-largest 
motorcycle market after 
China and India and the fifth- 
largest producer after China, 
India, Taiwan and Japan. Mr. 
Suharto said it was not 
Indonesia’s habit to “leave it 
to other nations” when the 

country needed something. 


Investor’s Asia 


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? 1997 



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1997 


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Very brief lys 


Malaysia Sets a Price for Change 

Shield From Market \ Excesses 9 Is Sought Before Liberalization 


By Philip Segal 

hncntational Herald Tribune 


HONG KONG — Malaysia said Wednesday that it 
would not open its financial sector further unless West- 
ern countries put in place new measures to stabilize East 
Asian financial markets. 

The move came as U.S. Treasury Secretary Robert 
Rubin said the Asian currency crisis had made it less 
likely that a global agreement on more open financial 
services would be completed by the Dec. 12 deadline. 

Deputy Prime Minister Anwar Ibrahim, who made 
his threat in an address to the annual meeting of the 
World Bank and International Monetary’ Fund here, 
said he had also delivered his message directly ro the 
director-general of the World Trade Organization, Ren- 
ato Ruggiero, at a meeting Wednesday. 

“If you want us to be more positive on these mea- 
sures to liberalize.” he said, “it should be contingent on 
their preparedness to introduce mechanisms to protect 
against abuse, excesses of the system.” 

Describing planned U.S. discussions with several 
East Asian nations. Mr. Anwar said the talks would 
provide “a basis for the establishment of a facility to 
enhance efforts toward economic and financial stability 
to support macroeconomic adjustments." 

While agreeing to the talks, which have yet to be 


scheduled, Washington has strongly opposed an in- 
dependent line of credit within Asia, an idea backed by 
some countries in the region, fearing that easy money 
would negate any incentive for countries to cany oat 
necessary economic restructurings. 

Referring to regional finance ministers, Mr. Rubin 
said, “I guess they’ must feel that opening up their 
markets to foreign financial institutions will in some way 
increase, or may increase, their financial sector prob- 
lems,” Bloomberg News reported from Xian. China. 

Since the Asian currency crisis erupted July 2 with 
the decision by Thailand to float the baht, Malaysia has 
consistently been the East Asian country most critical 
of currency traders and speculators, blaming them, 
rather than any economic policy faults, for the region's 
battered stock and currency markets. 

Other Asian officials here took a more low-key- 
approach to the issue of financial-sector liberalization. 

“We have not thought of making any link” between 
such moves and the latks with Washington, Roberto 
Ocampo, the Philippines' finance minister, said. 

He did say. however, that Manila saw no reason to make 
any concessions cm opening its financial industry further. 
“We have already opened up sufficiently." he said. 

Thailand's deputy finance minister, Cbavarai Cham- 
virakul, said he could not comment on whether 
Bangkok planned to try to link the two issues. 


The IHT Pocket Diary 
Fits In The Palm 
Of Your Hand. 


• Taiwan's central bank reduced commercial banks’ reserve 

requirements to expand liquidity in the money markets bat 
denied that it was trying to spur the stock market. [ 

• Japanese department-store and supermarket sa les fe ll fioda 

fifth consecutive month in August, slipping 1 .2 percent froma 
year earlier, in another sign that domestic demand is failing to 
lift the nation’s economy out of its slump. ■ "y 

• Standard & Poor’s Corp. said high levels of bad loans 

would continue to weigh on the credit ratings of Indian banks 
and that many of the countiy’s banks were not yet ready feu 
freely convertible rupee. . \ *•. 

• South Korean negotiators will offer the United States.jfe 

concessions on opening its car market in talks set to beg igy 
W ashing ton on Thursday, a trade official said. He said Somfa 
Korea had lived up to its obligations under a 1995 bilateral 
agreement to increase car imports. ' i 

• Suzuki Motor Corp. stepped up its battle- with the faduia 
government, stating mat New Delhi had no right to appoint^, 
new chairman of their joint auto venture in India. 

• Britain and Chinaplan to start talks on opening a direct air 

link between London and Shanghai, British officials said. The . 
idea emerged during talks at the United Nations between j 
Foreign Secretary Robin Cook of Britain and Foreign Minister t 
Qian Qicheh of China. . ‘ j 

• Singapore said it would free land for only 5,000 private j 
residential homes in 1998, less than the 6.000 it has made j 
room for in each of the past several years, to combat expected 
oversupply in the property market. 

• Indonesian stocks rose, a day after the government issued 
details of about $17 billion of infrastructure projects that it 
planned to delay. The Jakarta Composite Index rose 14.17 
points, or 2.63 percent, to 553.65. 

• China’s official media said one-third of all industrial J 
products made in the country, ranging from radios to video - 1 
cassette recorders and televisions .were in oversupply and that j 
many smaller factories could rumble into bankruptcy. j 

Bloomberg. It norm J 

* : l 


1# 


Sk 






Sharp’s Stock Slips on Forecast of Lower Profit \ 



Year after year - even at a period when 
diaries abound - the International Herald 
Tribune flat , silk-grain leather diary is the hit of 
the season. 

Ingeniously designed to be thinner-than- 
thin, it still brings you everything... including a 
built-in note pad with always-available ‘jotting 
paper". Plus there are conversion tables of 
weights . measures and distances , a list of 
national holidays by country, a wine vintage 
chart, and many other useful facts. All in this 
incredibly flat little book that slips easily into a 
pocket. 

The perfect gift for almost anyone... 
including yourself. 

- Please allow three weeks for delivery. 


Please send meL__ 1998 IHT Pocket Diaries. 

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holidays in over 90 countries; world 
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ir. Oar Fmc DupzLUa 

TOKYO — Sharp Corp.’s stock fell 1.7 
; percent Wednesday after the company con- 
| finned reports that it was likely to post a 22 
j percent drop in fu U-v ear pretax 'profit, its first 
j decline in five years. 

A spokesman cited a 10 percent drop in 
prices for the company's liquid-crystal dis- 
play panels and the increase in April of Ja- 
pan's sales tax to 5 percent from 3 percent 
The Nihon Keizai Shim bun reported that 
the company would announce a pretax profit 
of 56 billion yen (S460.1 million) for the year 


ending March 31,1998. In May, Sharp fore- 
castafoU-year profit of 75 billion yen, but rise 
spokesman said Wednesday that p rofi t would 
be “very close” to die numbers m the news- 
paper’s report » 

Sharp’s stock fell 20 yen to close at 2,150. 

“We had anticipated much stronger de- 
mand for personal computers.” the spokes- 
man said. “The sluggish sales are dealing a 
severe blow to oar business.” Prices of liquid- 
crystal displays, once believed to be a motor 
for growth, slipped on concerns' about ovef- 
sapply. - -(Bloomberg, Reuters ) 


THAILAND: IMF’s Welcome 

Continued from Page 13 -A New Xhai Monitor 


that has had the most wide- 
spread effect here so far has 
been the increase of the value 
added tax from 7 percent to 10 
percent. But there was little 
protest over the increase, and 
consumption patterns have so 
far not significantly changed. 

The prices of gasoline, 
cooking gas and transporta- 
tion as well as tariffs for elec- 
tricity and water are all ex- 
pected to rise soon. 

For now, the greatest con- 
cern appears to be that the 
government will undermine 
efforts by the IMF to revive 
the economy. 

“lam worried that the IMF 
will not be able to see some of 
the tricks our politicians use to 
hide the money,” said Month 
Chenvidyakam, president of 
the training institute of the 
association of finance compa- 
nies. “if the IMF does not 
have enough power, our coun- 
try will not recover soon.” 


Thailand said it planned to 
place 58 troubled finance 
companies under the super- 
vision of an organization that 
would be independent of the 
central bank, which currently 
oversees all financial institu- 
tions in the country, Reuters 
reported from Bangkok. 

Deputy Prime Minister 
Vrrabongsa Ramangkura said 
in a speech to the Foreign 
Correspondents’ Club that 
the plan would be presented 
to the Thai cabinet for ap- 
proval soon. “The Bank of 
Thailand’s supervisory de- 
partment does not have the 
experience to handle their 
problem,” he said. 

Thailand suspended the 
operations of 58 of its 91 fi- 
nance companies after they 
were found to be debt-ridden 
or facing liquidity crunches. 
The future of these compa- 
nies is being closely watched 
by the market and the public. 


WORLD BALANCED FUND 

SICAV 

2, boulevard Royal, 

Luxembourg 

NOTICE 

or '‘1'rjr, ^lT’ by P.I ^"Oidinaiy Cencral Mrdting 

Orinh^ l ■ l , lhe reg^red office on 16 tfi 

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!■ 1° resolve on the liquidation of the Fund: 

2- To appoint a liquidator. 

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, by 

Mrs. Muller. 69. raule d"&TM,,T" ' * ' ux "'" b <>or S , ML 


By order of Um* Board 


® f bir«dow. 


PEUGEOT: i. 

Skids in India - ■*" 

Continued from Page 13 ! 

in the venture and a role m j 
management , : 

Premier and Peugeot dis- 5 
agreed over whether the Fiqt J 
venture violated a no-com- J 
pete clause in their agree!- * 
meni. : \ 

The court issued an injunc- i 

tion Sept. 5 that forced Premi- \ 
er to cancel a meeting at [ 
which it was to seek share- • 
holder approval for the Fiat i 
alliance. Premier has ag- 1 
pealed the ruling. » 

Meanwhile, Premier and 
Peugeot have reopened nego- 
tiations over the sale of 
Premier’s stake. ■ 

Unlike Peugeot, Fiat is 
clearly bullish on India. The 
Uno project is part of Fiat’ji 
plan to invest $1 billion in 
several businesses here over 
the next five years, and a frilly 
owned Fiat subsidiary is ex- 
pected to begin manufactut- 
rng .its Palio model here bv 
late 1999. ? 

. “The Fiat group has de- 
cided to make India a key 
element in its worldwide in- 
dustrial strategy,” the com- 
pany s chief executive, Paolb 
Can tare I la. said during thfe 
most recent of his three visits 
to India 

Peugeot’s chairman, 

Jacques Calvet, has yet to vi^ 
it the country. 


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PAGE 20 



AFP 

Boris Becker waving to the 
crowd after being defeated by 
Jonas Bjorkman in Munich. 

Cash Runneth Over 
At Munich Cup 

tennis Patrick Rafter of Aus- 
tralia routed Thomas Muster of 
Austria on Wednesday in a first- 
round match at the Compaq Grand 
Slam Cup in Munich and collected 
a cool S500.000 for the day. 

Top-ranked Pete Sampras did 
even better — he won a guaranteed 
$750,000 for his opening round 
victory at the lucrative tourna- 
ment. 

Sampras broke Felix Mantilla of 
Spain early in the third set, then 
took control of a match that he won 
6-4, 3-6, 6-2. Rafter, the U.S. Open 
champion, hammered Muster on 
the fast indoor surface in less than 
an hour, 6-2, 6-3. 

Rafter won at least S250.000 for 
reaching the second round at the S6 
million event, plus picked up a bo- 
nus of S250,000 given to a Grand 
Slam winner for entering. 

Sampras was given S500,000 
after winning Wimbledon and the 
Australian Open, along with the 
S250,000 awarded each player for 
reaching the Tournament’s second 
round. The Swedish Davis Cup he- 
ro, Jonas Bjorkman, ousted the de- 
fending champion, Boris Becker, 
6-3, 6-2. in what may have been the 
German star's last major tourna- 
ment. (AP) 

• Martina Hingis, the world’s 
top-ranked woman player, 
struggled Wednesday to beat Mari- 
on Maruska of Austria in straight 
sets at the S450.00Q Leipzig Open. 

The Swiss teenager converted 
her first match point in 79 minutes 
against Maruska to win 6-3, 7-5, 
and reach the quarterfinals. 

But Hingis, who regularly routs 
her opponents, couldn’t gain a de- 
cisive break in the second set 
against a player ranked 53rd in the 
world until she went up 6-5. 

Ante Huber of Germany, look- 
ing to win the title for the third 
straight year, beat Silvia Farina of 
Italy in her first-round match. The 
fifth seed won 6-4, 6-2 in 63 
minutes. (AP) 

Van Bon of Netherlands 
Takes Stage in Vuelta 

cycling Leon Van Boo of the 
Netherlands emerged from a seven- 
man sprint on Wednesday to claim 
the 18th stage of the Tour of Spain, 
his first victory in this Spanish cyc- 
ling race. 

Van Bon, a member of the Ra- 
bobank team, used a final burst of 
speed in the final meters to overtake 
Laurent B roc hard of France and 
Stefano Colage of Italy, who placed 
second and third respectively. 

Van Bon completed the 185 ki- 
lometer ( 1 14 mile) stage from Bur- 
gos to Valladolid in 3 hours, 52 
minutes, 30 seconds. 

Alex Zulle of the ONCE team 
maintained his two minute, 46 
second lead over Fernando Es- 
cardn. 

The Tour of Spain, which con- 
cludes on Sept. 28 in Madrid, con- 
tinues Thursday with a mountain- 
ous stage of 184 kilometers from 
Valladolid to Los Angeles de San 
Rafael. (AP) 


^ Itentlb^Sribune 

Sports 


World Roundup 


Ballesteros Readies 
His Troops for Battle 

European Captain Seeks an Edge 


By Ian Thomsen 

International Herald Tribune 


SOTOGRANDE, Spain — The 
members of the American Ryder Cu 
team haven't been practicing the 17 
bole at Valderrama so much as they've 
been trying to make sense of it. 

There is a thick, distracting strip of 
rough, growing like weeds in the middle 
of the fairway 290 yards from the tee. 
“What you should want to see is people 
going for the green in two,” said Tiger 
Woods. 

Tom Lehman said: “I never like a 
par-5 where you hit driver, sand wedge, 
sand, wedge.” 

Mark O’Meara thought he’d outwit- 
ted it with a 2-iron second shot, only to 
see his approach funnel back from the 

The Ryder Cop 

green and down the shaved bank and 
into a pond of the kind you’d find at 
Disney World. “I don’t agree with it,” 
O'Meara said of the layout. 

Here is the crucial question of the 
Ryder Cup. which tees off on Friday: 
Can Seve Ballesteros, the European 
captain, inspire his team to victory with- 
out hitting a shot? 

Golf has never had a meaningful 
coach working the sidelines. But the 
17th hole is providing the first clues of 
how Ballesteros might yet have his way. 
The water, the slippery bank, the weeds 
that have io be growing there for a 
reason — though the Americans can’t 
figure out why. These are Ballesteros’s 
creations. 

Four years ago he spent a reported $ 1 
million redesigning the 17th into a 
haunted- house amalgamation of the fa- 
mous I3th and 15th holes at Augusta 
National in Georgia. If Jack Nicklaus 
can design golf courses requiring the 
long drives and high wedges that he 
loves to play, then Ballesteros surely 


can build a single hole from his own 
imagination. 

It is the same approach that helped 
Ballesteros win his first British Open 18 
years ago, with a shot from a parking lot, 
and four years later to convert a 247- 
yard 3-wood from a steep bunker to 
halve his singles match in the Ryder 
Cup. “The finest shot I’ve ever seen,” 
said Nicklaus, who was U.S. captain 
that year. 

The truth of the 17th is that Woods 
can drive over the rough if necessary, 
and lesser men can reach the green in 
two even from the rough. Faldo did so 
with a wood on Tuesday. 

But Ballesteros wasn’t telling the 
Americans so. Instead, he was saying, 
“I designed the 17th hole and I know 
how it should be played strategically. 
When my players are playing the 17th, I 
will use my experience and I can tell 
them the way it should be played, which 
will have some influence m favor of the 
Europeans.” 

If Europe wins, Ballesteros will be- 
come his sport's first Knute Rockne. 
That will mean nothing to Ballesteros (if 
you’re reading, Seve, Rockne was the 
first great American football coach), 
especially since his greatest joy has 
come from clobbering Americans in the 
Ryder Cup. 

The United States had lost once in 50 
years before Ballesteros took over. 
Europe has since held the cup four times 
in the last six matches. The Ameri cans , 
in turn, have accused Ballesteros of 
gamesmanship, of coughing unneces- 
sarily, of wonting on his putting stroke 
on the outskirts of their peripheral vi- 
sion, of falsely accusing his opponents 
of breaking the rules, and so forth. In 
these ways, be would seem to be the 
opposite of Tom Kite, the uncharismatic 
American captain. 

Yer the two seemed to find something 
in common 12 years ago when Kite was 
3 holes up with 5 to play in their only 



Cm? IWm/lp 1 

Seve Ballesteros talcin g Prince Andrew of Britain on a golf-cart ride at Valderrama on Wednesday. j 

lesser of the two captains came through showing. It’s fabulous. He s just beiqg 
when he was asked Wednesday about 
concerns that Ballesteros might turn in- 
to a “13th player” for Europe. “No, 

.. j tv v:.* 


Ryder Cup singles march ag ains t each 
other. 

“For some reason, Tom Kite, who I 
guess was theirNo. 1 player at that time, 
had it in for Seve, ' ' Ballesteros’s Amer- 
ican caddy at the time, Nick de Paul, told 
Norman Dabell in his book “How We 
Won the Ryder Cup.” 

De Paul continued: * ’I think there was 
bad blood somewhere and Kite had said 
he wanted Seve. I don ’t know whai went 
on between him and Kite, but Seve has 
that way of rasping peoples* person- 
alities.” 

Ballesteros recovered to halve die 
match in Europe's breakthrough vic- 
tory. its first since 1957. Kite, now 47. 
remains undefeated in seven Ryder Cup 
singles matches, having won five of 
them. He tied two. His last tournament 
victory came last October in Spain, 
where Ballesteros finished third. 

But despite such evidence of his own 
tenacity, the sense of Kite being the 


I’m not concerned at all,” Kite said 
curtly. 

The role might be familiar to Kite, 
who grew up in Texas as the tech- 
nocratic rival to the dashing Ben Cren- 
shaw. lhe.U.S. player Jeff Maggert said 
of Kite: “The kind of golfer he is, that’s 
the kind of captain he’s going to be. 
He’s collected all die local weather re- 
ports from the last 300 days or 
something, analyzing the wind speed 
and the wind directions and all that.” 

This week, the European team is 
banking on their captain making use of 
his own special insights. 

“He always was going to be good,' ’ 
Colin Montgomerie, the top European 
player, said of Ballesteros on Wednes- 
day. “His intensity in trying to beat 
Americans is second to none and it's 


NBA Seems Ready for a First: Women Referees 


By Amy Shipley 

ttushin/iton Fust Service 


With the retirement of one NBA referee this sum- 
mer and the forced resignations of three — and pos- 
sibly four — others for pleading guilty to falsifying 
income-tax returns, high-caliber referees ready to 
handle the pressures of professional basketball sud- 
denly are in great demand. 

Hoping to step into the vacancies and make a little 
history along the way are Dee Kantner and Violet 
Palmer, who last year became the first women to 
officiate preseason games in the NBA Each is sched- 
uled to work preseason games again this fall, and at 
least one — if not both — seems certain to be invited 
to join the all-male club of regular-season referees. 

“If I were to give my recommendation today," 
Darell Garretson, the league's chief of officiating 
staff, said recently, “Violet Palmer and Dee Kantner 
certainly would be recommended to be hired” Before 
the start of the regular season in late October, Gar- 
retson will make recommendations about staff ad- 
ditions to the association's vice president of basketball 
operations. Rod Thorn. 

No woman has ever officiated a regular-season 
game in the four major U.S. professional sports 
leagues — the NBA the National Football League, the 
National Hockey League or Major League Baseball. 

“It appears we have at least four openings. I cer- 
tainly wouldn't be surprised if any of those two end up 
making it,” Mr. Thom said of Kantner and Palmer. 

“We don't have to make exceptions for them. They 
are just good” 


At the league meetings in Orlando. Florida, last 
weekend, Thom disclosed that each team had been 
ordered to set up a separate locker room for female 
officials. Thom is not required to fill all of the referee 
job vacancies. 

Kantner, 37, and Palmer. 33. have been in the 
NBA's informal referee-training program for three 
years. Neither sought out the NBA — each was 
discovered officiating at the women’s NCAA Division 
I level. Each has attended three consecutive NBA 
summer camps attended by rookie and free-agent 
players and directed by Garretson. 

The league has found many of its referees working 
NCAA Division I men’s games, but neither men's 
college basketball nor any other league is considered 
an adequate training ground for the NBA. 

The experience of Kantner and Palmer in the NBA 
summer camps eased their transition into the NBA 
preseason last year. Each worked two games. 

“Because we worked the summer NBA program, 
the only people who were extremely surprised to see us 
were the fans," Palmer said. "Most of the players had 
seen us in the summer camps, and they pretty much 
knew who we were." 

Kantner remembers being extremely nervous. Both 
said they had been “tested” by NBA players, who had 
challenged them to stand behind their calls. 

But their reception among players and coaches, 
Kantner and Palmer agreed, has been largely positive. 
The most negative comment last year came from 
Michael Jordan of the Chicago Bulls, who said after a 
preseason game that Kantner was “too slow” and 
“got in the way.” Jordan, however, and three team- 


mates had been, seen extending their- legs, on the 
sideline as if to trip Kamner as she made her way down . 
the court. 

In 1988. the NBA increased its staffing from two to 
three referees a game and hired an additional 25 
referees over a two-year period, raising its total roster 
to around 55 or 60 in any given year — there were 58 
last season. 

Kantner. the supervisor of officials for the Women’s 
National Basketball Association season this summer, 
and Palmer, an official in the WNBA, are considered 
the top female referees in women's college basketball 
and have officiated countless Final Four and con- 
ference championship games between them. Neither 
has officiated at the NCAA Division 1 men’s level, 
which has never employed a woman as referee. 

“I was real skeptical.” Palmer said of her re- 
cruitment in 1995, “but the money they spent to train 
me let me know they were serious." 

Palmer's and Kantner’s demeanor on the court 
made it clear they were serious, too. At the NBA level, 
each has been tough but has kept a sense of humor. 

Kantner said: “They’re going to test anytime you 
put a new official in an arena. The players and coaches 
will see if they can get a little edge. I definitely 
anticipated that'gender was going to raise that a little 
bit higher.” 

Palmer said: “I think if you talk to any player, they 
will tell you they couldn't care less whether a male or 
female is making the calls — as long as they are getting 
it right. ” She added: “Being a woman has got nothing 
to do with it They just care that you get out there and 
lake the pressure and do the job.” 


Angry Slaney Gives Track Officials an Ultimatui 


The Associated Press 

EUGENE, Oregon — If the people 
who run USA Track and Field thought 
Mary Slaney would be satisfied simply 
to have her name cleared, they couldn’t 
have been more wrong. 

Believing that she is the victim of a 
major injustice because she was sus- 
pended for alleged use of performance- 
enhancing drugs before she had a 
chance to defend herself, Slaney has 
issued an ultimatum. 


She is demanding that USA Track and 
Field, the governing body in the sport in 
the United States, change its rules for 
testosterone testing in women. She w ants 
to be compensated for the track season 
that was taken away from her. And she 
wants it all done in the next month. 

“After that, if I have to. I’ll go into 
litigation and I'll take no prisoners,” 
she said. 

Slaney, 39, would not say how much 
money she would seek, but her husband. 


ADVERTISEMENT 


Memorable Moments from Joluuiie Walker: RYDiJI (;l P unit lirnuird Cnllarhor 


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1985 - BALLESTEROS BRINGS OUT THE BEST IN PAUL WAV. 

Vnirnt milk R. Samoa. Drspwd & Wudraud by flare F Smith © ttianatuaal Herald Tribune / Fnfasmat Sports Rmnmhipi InL 


JOHNNIE 1 


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Richard, said it would be well into six 
figures, perhaps much more. Since she 
is the most successful women's distance 
runner in U.S. history, her lost income 
and the potential damage done to her 
reputation cany a considerable value, 
he said. 

Slaney also is asking for telephone 
records of the five members of the track 
and field federation’s drug custodial 
board in an attempt to discover who 
leaked the fact that she tested positive 
for excessive testosterone. 

She said she wants whoever leaked 
her name to the media to be "absolute! y 
banned from the sport.” 

"That’s what they tried to do to me." 
she said. 

'Hie leak led to her suspension from 
competition even though she was not 
granted a hearing to answer charges. 
Under regulations, athletes who lest 
positive for banned substances are not 
supposed to be identified publicly be- 
fore a hearing by a USA Track and Field 
doping panel. 

when that hearing was held SepL 13- 
14 in Chicago, the three-member panel 
unanimously agreed that she was in- 
nocent She kept her outrage to herself for 
a week before letting go at an emotional 
news conference Tuesday on the infield 
°f Hayward Field, her home Hack. 

“It’s taken me this long to be able to 
stand here and talk about this without 
crying,” she said. “Last Tuesday, I 
cried for six hours after the whole thing 
was basically over." 

Slaney contended that a number of 
factors — including the natural aging 
process, menstruation and the taking of 
birth control pills — make the unbending 
international standard for testosterone 
readings in women athletes illogical. 

She tested positive for a high 


testosterone ratio at last year’s U.S. 
Olympic Trials. Since then, she said! 
USA Track and Field investigators 
showed up at her house five times this 
year for random drug tests, and she 
passed each time. 

After Slaney’s test result was leaked 
to the press, the International Amateur 
Athletic Federation suspended her, say- 
ing that USA Track and Field took too 
long to resolve the case. USA Track and 
Field followed suit, banning her from 
running just before the U.S. champi- 
onships. That ended her hopes for qual- 
ifying for the world championships. 

That is something they can never 
give back to me," she said. 

The IAAF has not lifted its suspen- 
sion but might do so at a meeting in late 
November. 

“I can run in this country and that’s 
what I truly love to do the most,” she 
said. *Tve always said if I never go 
back to Europe to race, it wouldn’t 
bother me.” 

A USA Track and Field spokesman, 
Pete Cava, said that tbe federation had 

00 comment on Slaney ’s demands. 

Her voice cracked when she talked 

about the toll it took on her as the case 
dragged on for more than a year. 

This is the most horrible experience 

1 ve ever been through," she said. “It’s 
far more difficult than what happened in 
84, when she tumbled to the infield in 
the women’s 3,000 meters at the Los 
Angeles Olympics when, as Mary 
Decker, her feet became tangled with 
Zola Budd’s. 

For the first time ever in ray life,” 
she said, “I’d come out on the track and 
I couldn’t work out I just didn't have it 
in me. I hope that something that hasn’t 
been taken from me is the passion and 
the love of the sport.” 


noseu. i 

The Americans shouldn’t take it per- - s - 
sonally. Tbe fact is that Ballesteros is 
more famous in America and Briia&r 
than he is in his home country. As Faldo 
said, “He was our Arnold Palmer^ 
Indeed, Ballesteros even swings uncan- 
nily like Palmer now, with that twirl at . 
tbe top of his follow-through, to spare his _ V. 
injured back. i ' 

Ballesteros was the most universal^ 
accessible golfer of his generation, 'a 
fighter. But golf is elitist in this part of 
die world, and so Ballesteros is not 'a 
hero of the common man in Spain. ^ 

This most bother him tremendously. 
The other night he slept only fourhou*>, : 
he said; he was up all night making /_ 
notes. Ballesteros has made his nafae 
from exploiting, the slightest opporm- 
nity. He will do whatever he can within 
the rules to disrupt his guests. And.'io 
make his own players believe in him. - t ; 

Albert Trial 
Full of Lurid 
Testimony 

. . The Associated Press 

ARLINGTON, Virginia — The 
woman who accused the U.S. 
sportscaster Marv Albert of a vi- 
cious sexual attack went to ail. , 
emergency room with 18 to 20 bite" | 
marks on her back, three of which; 1 
broke the skin, an emergency-room 
nurse testified Wednesday. 

Jonathan Gold said the 42-year- ’ 
old woman was “tearful, and ar; 
other times she seemed angry’ 
when she came to National Hos-;. 
pital last Feb. 12, shortly after A1-" 
bert allegedly assaulted her in a i- 
hotel near the Pentagon. 

The woman claims that during a 
sexual encounter in Albert's room,, 
at the Ritz-Carlton Hotel, he an-' 
grily flung her onto the bed", 
severely bit her back and forced her 1 
to perform oral sex. j 

Under cross-examination. Gold* 
said he took swabs only from bird 
that had broken tbe skin on her back 
. DNA on the swabs was used as? 
evidence to link Albert to the biresJ 
Also on Wednesday, the first of 
several DNA and forensics experts! 
took the stand for the prosecution" 
which was expected to rest its case* 
by the end of the day. J 

In court on Tuesday, the woman; 
was portrayed by defense attorneys ■ 
as a lying schemer willing to bribe a? 
friend to back up her story. t 
The woman had arrived in court 1 ' 
smiling, but her demeanor changed! 
during cross-examination by de-» 
fense attorney Roy Black. 5 
After she denied coaching, any-! 
one into giving prosecutors, dam-j 
aging information against Albert.* 

Black introduced a recording of a 
telephone conversation between her-: | 
and a potential witness, made two 

months after Albert was indicted. J 

On the recording, the woman and -1 - 
a cab-driver friend of hers, Walter - 
Brody, are heard discussing what” 
he would tell a prosecutor, Barbara- 
Walker, about Albert, including an 
apparent reference to three-way 


3TT*-; 


m 



VCH) 






m 




“What do you want me to ten J ! 
her?” Brody asks. 1 

V 7 ®* 1 to w hat we talked about - 
that when you drove him, he aSerL 1 

you that he wanted to get a gv^ 

the woman answers, speaking nf" 

Albert. The conversation ends with' 

K y new'S. he eXpeCted «0.000 ; 
BJack implied that the woman 
money she wouldbe 
awarded in a lawsuit against Albert 
Why or how the tape was made wax 
~ nc k‘* r » trough the woman con. 
firmed that it was her voice. 
a i£f r ^ er ’ ** woman said she m e f- 
MiarS 

Utin ""****« he£ 

She said there were' “aemi„ *•■3 
frysis ID hotel rooms in 
he was covering games and e - 
later, when their sex’ life t, iI ? 1a j' 
kinkier, he requested and ! Unie d : 

women and men. other .’ 


i 






***** 


■ - m i 










international herald tribune, Thursday; September as. 1997 


PACE 21 


SPORTS 




SsSMESi? 

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ulu -= iRvr,K ,u P^ 
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Despite the Doubts ? 
Ripken Won't Sit Out 


By Buster Olney 

New K'rt Timex .ftrn-rt, 


ng. just .153 over his last 25 
The Orioles have already 


BALTIMORE — Cal Ripken hits a 


pop-up, t*ai aside in disgust 

and i 


rtp^rt. 

“-lihi's. 


bv 

A 


3 ni 

IV. 


; ; v t : ; : * 0 «ur v^, 

f---’iord lean,. ht s 
«r-*:r«S an airfi 


airfr 
2 v, \ide from, 
v.iicmhad^ 


moves stiffly toward first base. 

- His bacJtiiurts. His batting average is 
*. plnrranStinS- When he is playing the 
■ infieltCground balls that Orioles fans 
■; have seen him reach every day for 
-■morethan 15 years are rolling past his 
ootaretched glove. 

Ripken, 37, has played in 2.473 
consecutive games, broken Lou 
£ Gehrig’s seemingly unbreakable re- 
cord and become an icon to baseball 
fans -across the nation. But his nag- 
ging back trouble and his slump have 
-stirred a question that has dominated 
■airwaves and headlines here, with 
ripples felt throughout the game: 
Should Ripken rest? 

Even Ripken admits that he ha> 
been playing anywhere from 65 per- 
cent to 85 percent of his usual ability 
over the last six weeks, a shortcoming 
that would force any other player io 
the bench for ai least one game. 

Privately, club officials have 
wondered whether Ripken would bet- 
ter serve the team by ending his 
streak, and in theory, the Oriole Man- 
ager, Davey Johnson, has the power 
to bench Ripken. But his record is so 
extraordinary, his approach so single- 
minded and his work ethic so ap- 
pealing for this blue-collar city that 
the ultimate decision belongs to Rip- 
. k en. 

Johnson is uncomfortable with the 
'perception that he could not unilat- 
erally botch Ripken, but the manager 
• is as candid as he is realistic when 
n asked whether be could do so without 
Ripken's approval. “No, I couldn't.” 
Johnson said. 

Complicating the situation, Ripken 


W 


is battini 

games. tJ 

clinched a post-season berth and will 
most likely finish the regular season 
with several games meaningless to 
the s landings. But there are no plans 
for Ripken to rest on those days, es- 
sentially because Ripken refuses to 
rest. 

“You want to be in the lineup more 
. than ever," he said last week. “You 
should. That's what you play for. You 
have a responsibility to finish what 
you started." 

Anyone who has worked tirelessly 
and dependably for the same employ- 
er for so many years could understand 
Ripken's perspective. Frank Robin- 
son, the Hall of Fame slugger who 
managed Ripken for four years, said: 
“Whether it should be that way or 
not, it is what this has come to. And in 
a way, you owe that to him. He 's been 
there, every day, and he has earned 
this.” 

Ripken, who declined to be in- 
terviewed for this article, has a salary 
of $6.2 million this season. 

Those in the organization who be- 
lieve he should sit down — and 
nobody wants to be quoted saying as 
much — offer logic. What difference 
does it make if Ripken sits, now that 
the record is all his? Why should the 
stature of one player even have a 
chance of interfering with the team's 
chances of winning a championship? 

Johnson, for his part, cannot 
fathom how the streak will end He 
pondered this inevitability for a mo- 
ment, and said, “Well, one day CaJ 
will come to me and say, * Davey, 
maybe I need. . ” 

Johnson paused and smiled. Then, 
with the dramatic effect in place, he 
continued. “ ‘1 need to retire, because 
I'm 65 years old.' " 


Seattle Gets 
A Record 
And a Title 


Indians Also Clinch, 
Edging Yanks in 9th 


The .1 ss.h iiiifU Pms 

Jay Buhner hit a record-setting home 
run but Ken Griffey Jr. didn't get his 
56th as the Seattle Mariners won their 
second division championship. 

AH that is left for the Mariners now is 
to watch Griffey chase Roger Maris's 
record fora few more days arid get ready 
to face the Baltimore Orioles In the 
playoffs. 

On Tuesday night, Seattle wrapped 
up the AL West with a 4-3 victory over 
Anaheim before 52,884 fans at home. 
With four games left, Griffey is ex- 
pected to stay in the lineup, however. 


AL Roundup 


because he still has a slight chance to tie 
or break Maris's home-run record of 61 
for a 162-game season. “If he wants to 
stay in. we'll let him,” the Seattle man- 
ager, Lou Piniella, said of Griffey. 

Randy Johnson 1 1 9-4 > was able to 
beat the Angels for the second time this 
season because of Buhner, whose 
towering three-run shot in the first in- 
ning was his 40ih and the Mariners' 
258th of the season, a major-league 
record. Baltimore hit 257 last season. 

Indians 10, Yankees 9 Cleveland 
clinched its third straight AL Central 
title, overcoming a seven-run deficit in a 
dramatic victory over the Yankees. 

David Justice hit a solo homer off 
Hideki Irabu to key a two-run eighth as 
the host Indians pulled to 9-8, then tied it 
with an RBI single off Jeff Nelson (3-7) 
in the ninth. Sandy Alomar, who had a 
two-run homer and an RBf single earli- 
er. then singled to center to score Matt 
Williams, who had walked. 



Marlins Drub 
Expos to Gain 
Playoff Berth 


Tin uneti Pie\< 

The Florida Marlins clinched their 
first playoff berth ever with a 6-3 vic- 
tory over the Montreal Expos. 

The Marlins, who entered the league 
as an expansion team in 1 993 and spent 
near)> $90 million on free agents during 
the past offseason, will enter the post- 
season as rhe NL's wild card entrant. 

Kevin Brown 1 16-8) won his seventh 
straight decision on Tuesday night in 
Montreal and set a Marlins record for 


NL Roundup 


r'/nij%.-K vtio... r-< . 

The Mariners' catcher. Dan Wilson, celebrating the final out in the 
victory over the Angels that gave Seattle the AL West divisional crown. 


Twins s, whits So* 3 Bren i Brede hit a 
two-run homer off Jason Bere (4-2 1 . 
breaking a 3-3 tie in the fifth. Frank 
Thomas hit a three-run homer for the 
host White Sox and kept his league- 
leading batting average at .352. 

Orioles 3, Blue Jays 2 Roberto Alo- 
mar went 2-for-5, scored a run and 
drove in one as visiting Baltimore, seek- 
ing its first AL East title in 14 years, 
lowered its magic number io one. 

Brewers 7, Royals 4; Royals 6, Brew- 
ers 2 Danin Jackson's seventh-inning 
squeeze bum scored the go-ahead run in 
the opener of the doubleheader, but host 


Milwaukee was eliminated when Clev- 
eland rallied to beat New York. 

Jim Pittsley l5-8 1 pitched five innings 
for die victoiv in the second game. Joel 
Adamson (5-3) was the loser. 

Tigars 6, Red Sox o In Detroit, Bobby 
Higginson drove in two runs and the 
Tigers 1 79-78) moved over .500 for the 
first time since April 16. 1996. 

Rangers 14, Athletics 6 Lee Stevens 
hit two home runs and Juan Gonzalez 
and Alex Diaz added three-run shots as 
visiting Texas ended a four-game losing 
streak. Oakland's Jason Giambi hit a 
three-run home run in the fifth inning. 


strikeout.-, in a season. Charles John- 
son's two-out RBI single brought in the 
go-ahead run in the fifth for Florida. 

Reds 8, Cardinals 6 In St. Louis. Mark 
McGwire remained stuck on 54 home 
runs for the fourth game, gening a pair 
of singles in a losing cause. Scon Sul- 
livan <4-3 1 allowed one hit in two in- 
nings to get the victory for Cincinnati. 

Braves 6, Phillies o In Philadelphia. 
Kevin Millwood allowed two hits in 
eight shutout innings and Andruw Jones 
and Michael Tucker hit back-to-back 
homers. 

Pirates 5, Meta 4 Shawon Dun* ton hit 
a tiebreaking single in the seventh to lift 
visiting Pittsburgh. 

Astros s, Cubs 3 Craig Biggio and Jeff 
Bagwell homered as host Houston 
moved closer to its first division title 
since 1986. The Astros remained 3!£ 
games ahead of second-place Pittsburgh 
in the NL Central. 

Rockies 7, Giants 6 In Denver, Andres 
Galarraga increased his league- leading 
RBI total to 1 37 with a three-run homer 
as Colorado stalled San Francisco in the 
NL West. 

Dodgers 6, Padres 2 LOS Angeles 
picked up a game in the NL West as 
Todd Zerle homered twice and the host 
Dodgers snapped a five- game losing 
streak. 


-jW head tfj 


- 1 : >•* group, said! 
' - -0 v airy out rep 
•r the spaas 
-i'e" tone 


Scoreboard 


BASEBALL 


uomnrat 

the comp* 

• ‘ to them." lUt _■ - 

y rt O nH taM P 
- , y-NewYork 
computer: , Detroit' 
r 2 . n for the it 1?^ . 

me craft $jr 
: r.e column r 
Jr.-: is needed 


i ’Major League Standings 


* x-Oevetond 
! Chfcngp i 
— ... ! Milwaukee 

lV eklri: / KaneoHOtr 

1 r ' ctuu l Minnesota 


CAST DIVISION 

W L Pet. SB 

95 42 .605 — 

91 M -580 4 

' 75 78 .503 15 

■76 81 -484 10 

72 85 .459 23 

CENTIME DIVISION 
• . .84 

77 79 MA 


: 71 .542 — 

7Vi 


76 80 .487 8V4 


65 71 .417 1914 
65 91 M7 Wh 


... „ . ^ , K ... j. '-Anaheim 
.. . . ^ L.J.. PUIS: {Ta»s 

_! oi the ! . 1 00 


WEST DIVISION 
•; % » ‘ 69 J63 - . — . 

82 75 sa 


m 


n 84 .445 15% 

63 9S 399 26 


: ••• _r.ui7.0K^ 


i x-won dnrwion filler y-wwi postseason berth 

KAnONJU. LEAOBU 


EAST ENVISION 


: :r.-Lppl;i 

; *■ Attanto 

W 

99 

L 

58 

Pel 

631 

GB 


, w-Ftortda 

91 

66 

680 

8 

r: :h; ; iLG 

, NewYork 

85 

73 

-538 

14te 

■ Montreal 

76 

81 

484 

23 


; PhJbxfeJphb 

64 

93 

608 

35 


* central ntnanN 




' Houston 

81 

76 

616 

— 


\ Pittsburgh 

78 

80 

.494 

3V4 


. Gncinnafi 

72 

85 

659 

9 


• St- Louis 

71 

86 

452 

10 

r. *. G- 

1 Chicago 

66 

91 

^20 

15 

• -i.y-rTX- 

! 

WEST DIVISION 




.-'sis#' 


87 71 .551 

85 72 641 

82 75 S23 


--TIkC*.. 


1 Son Francisco 
* Las Angeles 
Colorado 

) San Diego 74 84 MS 13 

. w-won wild cant, x-won ifivtelon fttto 
niDMriiuucMD 
AMERICAN LEAGUE 

401 013 230-14 20 J 
Ottfantf 00T 030 002-6 11 1 

Burkrtl Bates (9) and L Rodriguez- 


KL-Brown (9i; Tefghede/. C. Reyes (4). 
Kubrnski (5). Witasick (61. Wengert (81. Lor- 
raine 19) and Moyne W— Burked 8-I2.L— • 
TeJghedec 4-6. HRs— T. Ju.Gorualez (40). 
L Stevens 2 (18). Dial (1). O, Giambi (20). 
Kansas City 01 1 020 000-4 8 0 

MilWaukM 181 002 30*— 7 10 2 

Rosada Carrasco (6). J. Wafcer <7L Oban 
(8) and Macfarianc Kail, A. Reyes (7). 
OaJones (9) ondMattwny. W— A. Reyes 1- 
1. L— Carrasco 1-4. Sv— DoJones (35). 
Second Game 

Kansas City Ml 128 200-6 9 0 

MBwaUMfi ON 200 800—2 7 1 

Pittsley. Banos (6). Whisenant (8). 
Pichardo t9) and Ml .Sweeney: Ada msoa A. 
Reyes (5). VUtofie (6) and Levb. W— Ptttsley 
5-8. L — AdaiKfln5-3.HR-K.CJ. King (25). 
Boston 0M ON 000—0 7 2 

Detroit. Ml 050 00*—* 11 1 

Suppfaa t>. Uwve (5), Cheat (8) and Hat- 
idMAi Keagto Mleefl (A. GaHard (O and 
WaJbet*. W-Keaght 34. L— Support 7-3. 
BaBNion 210 ON 000-3 9 0 

Toronto NO 802 BOO— 2 3 1 

N. Rodriguez. Rhodes (6), A. Benitez (81, 
Ro .Myers (9) and HoVe& WeMer (8); 
Ctemem. Quantrlll (9). Ptesoc (9) and 
OBden. W — N, Rodriguez 2-1. L— Ctemem 
21-7-Sv— RaMyere (44). 

NewYork 032 822 000-9 13 1 

awetand 020 004 022-10 12 1 

Kn. Rogers. Jrabe (7), Stanton (B), Nelson 
(91 and Girardv Posada (6k Nagy, Weattiers 
(6k 5huey (7k Mormon IB). Mesa (9) and 
SJUomar. W— Mesa 4-4. L— NeSofi 3-7. 
HRs— N.Y. T. Martfaiaz (44). C. Justice 
(32). S. Alomar H9), T. Fernandez (10). 
Mtenesata 300 020 000-5 5 2 

Chicago ON 000 000-3 5 0 

Tewksbury, Swindell (7), Trombley (8). 
Agufera (9) and Steinbadv Bern N. Cruz 
(6). MCE troy (8) and Fataregas. Machado 
(B). W— Tewksbury M3. L-flere 4-Z 
Sv— Aguilera (25). HRs— Minnesota. Brede 
(3). CTdcnga F. Thomas (34). 

Anahetei IN DO) 010-3 9 1 

Seattle 400 ON «te-4 7 0 

Watson p. Harris (7k Holtz (7), James (8) 
and Kreutec RoJohnson. Stoaimb (9) and 
DaWSson. W-RnJotmson 194. 


L— Watson 12-11. S*-5locumfa (27). 
HRs— Anaheirn, Edmonds 2 (261. DSaitlna 
(4). Seattle. Buhner (40). 


NATIONAL LEAOUE 

Atlanta Ml 012 020-6 11 0 

PMtaefchia 0« ON 000-4 3 0 

Mihvood, CkMdz (9) and Ed d. Perez.- 
M. Letter, Winston 18). Ryan (9) and U»- 
bertfiaL W— Millwood 5-3. L— M. Leber 10- 
17. HRs— A, AJanes (18). Tucker (13). 
CMcage ibi mo oas-3 t 2 

Houston IN 112 00X-4 it o 

TrachseL BattenfleM (6), RL Myws (8) and 
Serrate Kite. B.Wagner (9) and Eusebio. 
W— Kite 19-7. L-Trudwei 8-IZ 5v— B. 
Wagner (22). HRs— CMcoga Alexander (3). 
Houston, Biggin (22). Bagwell (43). 

Florida IN NO 002-6 11 8 

Montreal 111 ON 000—3 9 3 

KJJirowrv Cook (7). Pawed (8k Nen (W 
OrtdC. aoWnsoru Hennansarv Pantaflua (5). • 
Thurman' (7), KOne (8), Telford (8) and' 
Fletcher, Chavez (9). W-K. J£rown 164. 
L— Hermcnson 8-7. 5v— Nen OS). HRs— F. 
Canine (17). M- R. White (27). 

Pittstmgb ON ON 200-6 7 0 

New York 200 010 010-4 4 0 

FXarriova, SAva (6). Christiansen (8), 
Loiselr (B) and KendaOr Isringhausen, 
Lkfle (6), McMkhod (8) and Pratt. 
W-SUva 2-1. L-Udie 7-2. Sv-Uiisdle 
(28). HR-New York, Oterud (20). 

Cindiiafl ON 010 Hl-8 13 0 

St Louis ON 041 010—6 8 I 

More leer. 5uWvan (6k Baflnda (Bk G. 
White (Bk Shaw (8) raid J.Oiher, Taubettsee 
(8); Raggte Frascatnnr (4), Bautista (6). 
Painter (6), C. Wng (8), Fossas (81, 
PettjovseK |9) and Marrem Lampkln (9). 
W— Suttvan 44. L-C King 4-2. Sir-Show 
Ml). HRs— QndnnaH Stynes (6). St. Laois. 
Gant (17). D.Youn0 (5). 

SnFrandKo Oil IN 003-1 13 0 

Colorado 018 130 02x— 7 14 1 

D.Dararin Tavarei (6), MuBwHand (7k C 
BaOey (8) and BJohnsoa; Thomson. 
Holmes IS. DeJerm (7). Dlpato (9k 
Leskaiic (9) and Je-Reed. W— Habnas 9-2. 
L— a Darwin 1-3. Sv— Leskanic CD- 
HRs— San Fiandsca. Bands (39). Colorado. 
Galarraga Ml). 


Sue Diege 020 OH 000-2 7 1 

Us AngeWS 110 011 Ott— 6 12 0 

Men hart Tr.Warroll (7) and Flaherty; Park 
on d Piano- W— Park 144. L— Menhart 2-3. 
HRs— San Diego. Flaherty IP). Los Angeles. 
Karras (29). Zette2t»). 


FThomas ChW 
Justice Cle 
Ramirez Cle 
EMaitinezSea 
Greer Tex 
Be Witt lams NYY 
DNeWNYY 
Jefferson Bos 
M Vaughn Bos 
I Rodriguez Tex 
RUNS— Griffey 


AMERICAN LEAGUE LEADERS 

G AB R H Avg. 
141 512)08 ISO 352 
134 480 82 160 .333 
146 545 96 180 .330 
155 542 104 179 .330 
152 582 106 IBP J25 
125 498 104 162 J25 
145 S41 87 174 J22 
131 471 72 ISO JIB 
136 508 88 161 J]7 
140 578 93 .182 315 
Jr. Seattle. 122; 
Garctoparro. Boston, 1W-. ' ' Knobtauth. 
Mbmesata 11S Jetet New York. 114; B. 
LHurrter. Detroit 111; F. Thomas, Chicaga 
10ft Greer, Texas. 106. 

RBI— GriHey Jr, Setftia, 14& T. Martinez. 
New York, Ul; J. uGonzalez. Texas. 126; 
Saknotv Anaheim 124; F. Thomas Chicaga 
124; TaCkuk. DeU 116; a-NellL NewY^ 115. 

HITS— Gordo amra, Basloa 201; Grew, 
Tewa 189; Jeter, New York. 1B4 G. 
Anderson Anahelnv 182; I. Rodriguez. 
Texas, 182; Griffey Jr, Seattle. 181; Ramirez, 
Cleveland. \8tt F. Thomas, Chicaga 180. 

DOUBLES— Jl> Valentin Boston, 47; 
Clrilla Milwaukee. 44; Bella Chicaga 44.- 0. 
■NeflL New York. 42; Garda parra, Boston 4ft 
A. Rodriguez. Seatlte, 40; Greer. Texns, 40c 
Cora. Seattle; 4ft 

TRIPLES— Garetoparra Boston. 11; 
Knofekiucte Minnesota 1ft Daman. Kansas 
aty. Be Buraltb MBwaukea ft Slewnt, 
Toronto. 7; Jeter. New York. 7; B. LHunler. 
Detroit 7; ABcea Anaheim. 7; 8. y Anderson, 
Babimoia 7. 

HOME RUNS— Griffey Jr, Seatlte. 55> T. 
Moranez, New York, 44 Tlwme, Cleveland. 
4ft J uGonzalez, Texas, 4ft Buhner. Seattle. 
4ft R. Palmeiro. Baltimore. 37; F- Thomas. 
CNcaga 34; McGwire. Oakland, 34. 


STOLEN BASES— ft LHunter, Detroit 
71 Knoblauch. Minnesota 5ft T. Goodwin, 
Texas. 47) Nixon Toronto. 47. VizqueL 
Cleveland. 41 Durham, Chicaga 31- A. 
Rodriguez. Seatlte, 29. 

PITCHING (IB Dadslons)— Ra Johnson. 
Seattle. 19-4. J)?& 23ft Moyer, Seattle. 1 7-4. 
.810, 16ft Omens, Toronto. 21-7.751 2.0* 
Prttitte. New York. 18-7. .72ft 286.- 
Horshter. Clevetanrt 14-6, ,7tW. *52; 
Erickson Baltimore, 16-7, 696. 3.71; Blair, 
Detroit. 16-7.^96,197. 

STRJ KEOUTS— RaJotmsarv Seattle 288; 
Clemens. Taranto. 28* Cane New York, 22ft 
Mussina Baltimore, 211; Applet Kansas 
City, 191; FasMTO, Seattle 186 Radke 
Minnesota 171. 

SAVES— RaMyem. Baltimore, 4* M. 
Rivera, New York, 4ft- DaJonas. Milwaukee 
35; ToJorws, Detroit. 3t; Weftolomi. Texas. - 
3ft PeicIvaL Anaheim, 27z5tocumb. Seattle 
.27; R. HeniandfC. Chicaga 27. 

NATIONAL LEAGU E LEADERS 

G AB R H Avg. 

147 585 96 218 J73 

151 561 141 206 M7 

147 534 99 191 -358 

118 485 88 162 -334 

131 445 58 148 J33 

147 540 85 173 324 

147 512 83 163 J18 

ISO 586 120 106 J17 

146 544 77 169 .311 

148 513 90 159 J10 

RUNS— Biggie Houston, 14ft- L Walker, 

Colorado. 141; Galarraga, Coloroda 12ft 
BandS. San Francisco, lift BogwelL 
Houston 106 E. cYaung. Las Angeles. 10ft 
ChJones, Anaida, 100. 

RBI— Galarraga Colorado, 137; BogwelL 
Houston 13ft L. Walker, Colorado 12ft- 
Soso, Chicago, lift Gwynn. San Dlege 118; 
Piazza, Los Angeles, 1)6 Kent, San 
Frandsce 116 

HITS— G wynn San Diego- 21B. L Walker, 
Cokuada 206 Piazza, Los Angeles. 191s 
Bigg la- Houston 18ft Gototrnga Cotorade 
186 Mondesi Los Angoies, 186 Casttno, 
Colorado, 181. 

DOUBLES— Gradzlekmek, Montreal 56 
Gwyim San Diego, 49; Lnwing. MontreaL 


GwynnSD 
LWolkerCol 
Piazza LA 
Lofton All 
Joyner SO 
AAaGraceChC 
AHbrtfoNYM 
Galarraga Col 

Bichette Col 
BiauserAtl 


46 t_ Walker. Colorado, 45. Mondesi Los 
Angeles. 41; ChJones. Attanto. 4ft Ckryton 
St. Louis, 39; MorandinL Philadelphia. 39. 

TRIPLES— DeShiekts, St. Louis. 13; W. 
Guerrero. Los Angeles, ft Rondo. 
Pittsburgh, 9; Womack, Ptitshurgh, 9. N. 
Perez, Colorado, ft E. cYoung, Los AngHes. 
ft- Bigg to. Houston, ft L Johnson Chicago, 
ft Dauttaro Florida. 8. 

HOME RUNS-L. Waller, Colorado, 4ft 
Bagweft Houston, 4ft Galarraga. Coloroda 
41; Costtoa Coloroda 4ft Bands. San 
Frond sen, 3ft Piazza Las Angeles. 37; 
Sosa Chicago 36 

STOLEN BASES— Womack. Pittsburgh, 
57; D. Sanders, Cincinnati, 56 D. eShiekte, 
St. Louts, 4ft ECYoung, Los Angeles, 4& 
Biggin Houston 4& Bonds. San Francisco. 
35. Q. Veras, Son Dtogo. 33. . ^ 
PITCHING D8 Dodsioas)— Neagie. 
Atlanta, VM. £33. 2-64.G. Maddux, Atlanta, 
19-* JQ6 2Jft Estes. San Frandsca 18-5, 
-7H1 126 KJIe. Houston 19-7, .731, 257; 
R wfer. San Franctscn t3-6 -48* 3.4S P. 
JMortinez, MontreaL 17-ft 68ft 1.9ft 
Gi ovine. Atlanta 14-7. M7. 3.01. - K. J Brown, 
Florida, 16& M7, 169. 

STRIKEOUTS— Schilling. Philadelphia 
31ft P. J Martinez. Montreal 296 Smoltz. 
Atlanta 23ft Noma Los Angeles, 2Z7; Kite. 
Houston 205; K. JBrown, Florida. 206 A. 
Fernandez, Florida 178. 

SAVES— Shaw, Cincinnati 41; Beck, San 
Frandsca 37; Hoffman San Diega 36 
JoFrancn New Y„ 36 Eck enter. St Louis, 
36 Non Florida, 36 ToWonrt, LL 3S. 


CYCLING 


Tour of Spain 


Leading plaemgs In 183.7-km 18U1 ctago 
Inwn Burgos to Valladolid, an Wednesday: 

1. L van Ban Netti, Rabobank 3 h.52 mm 

2. Laurent Brochnrd, France. Lotus 

3. Stetano Colage, Italy, Refin 

4. Mariana Piccall Italy. BrcsdaKrt 

5. Claudio ChiappuccL Italy, AsIcs 

6 Jose-V. Gordo Acosta. Sp. Banesto 

7. Vyacheslav EMmov. Russia U.S. Postal 

8. Igor Go Idea no, So, EuskaHel all s.l. 

9. Sergei Ctostomine. Russia. Refin at 37 s. 
10-Dono Pleri Italy, Saigna *25 
oVTOALLi 1. Atex Zuelte. Swtt, ONCE 77 H. 
4m-59su2. FemondoEscartin Sp. relmeat 
2:46 3. LorintfTl Dufoux. SwiL Lotos 3:39; 4. 
Enrico Zairtn IL Asics 5:07; S Roberto He- 
ms. Sp. Kelme 617; 6. Malta*. Scnana. Sp* 
ICdme 7.1ft 7. Daniel Ctaran, Sp, Estepona 
739; 8. Laurent Jatabert Fr, ONCE 951; 9. 
Gionnl Faresin, IL Mapei ll;lft ID. Yvort 
Ledonois. Fiance. GAN 1 1:22. 


I onto. Australia, 6-7 17-2), 6-3. 6-1. 

Greg Rusedski (4), Britain, pel. Todd 
Woodbridge. Australia 4-n 6-1, 7-s. 

WEDNESDAYS RESULTS 
Patrick Rafter (2), Australia, def. Thomas 
Muster. Austria, 6-2. 6-3. 

Jonas Bjaeriiman (81. Sweden def. Boris 
Becker. Germany, 6-1 6-2. 

Pen Korda Czech Republic, def. Gustavo 
Kuerten (3). Argentina 6-3, 5-1 withdrew. 

Pete Sampras n ), United States, def. Felix 
Mantilla. Spain 6~* 3-6 6-2. 


TRANSITIONS 


ENGUSH PREMIER HAGUE 

Bolton 1, Tottenham I 
Wimbledon * Barnsley 1 

BUTCH FtKST DIVISION 
PSV Eindhoven ft Fortuno btttord 2 
FRIENDLY UmjUIAnOMAL 
Poland ft Uthuanto 0 


Japanese Leagues 


WBONISBAY'S BSSOUPS 
CENTRAL LEAOUE 
Hiroshima 6 Yofcutt 1 
Chunkdii 2, Yokohama 0 
Harahin ft Yomhiri 2 

PACIFIC LEAGUE 
SeSbu 2. Kintetsu 1 
DoteiiQrixO 
Nippon Ham 6 Lotte 2 


GRAMS SIAM CUP 

IN MUNICH. fiERHAIW 
FIRST ROUND 
TUESDAYS RESULTS 

Cedric Pioftae (6). France, del. Filip 
DeWuft Belgium, 7-6 (7-41,2-2, withdrew. 

Yevgeny KofetmWov, Russia, def. Seigi 
Bruguera (5). Spain , trt, 6-3- 
Mnreolo Rios 171. ChBc. del. Mari Wood- 


FOOTBALL 

NATIONAL FOOTBALL LEAGUE 

CHiCAGo-Pioced RB Rashaan Salaam on 
in|ured resene. Signed WR Eric Smilh from 
practice squad. 

Jacksonville— P laced DT John Jurkovic 
an iniuned reserve. Released CB Bucky 
Brook* OB Jttn Miller. Signed OL Todd Ford- 
ham. 0 B Ricky Parker from practice squod. 

Minnesota— Signed NT Jerry Ball and K 
Eddie Murray. 

Philadelphia— S igned WR Juslln Ar- 
mour. 

san DiEco-Waivod RB Emc Peg ram. 

HOCKEY 

NATIONAL HOCKEY LEAGUE 

montrea L-Senf G Jose Theodora, FMatt 
Hlggerts and D Brad Brown to Fredericton 
AH[_ Returned C Jason Word to Erie, OHL. 

p ittSB u rgh— S igned RW Alexei Morozov. 

st. louis— S en! D Rory Fitzpatrick. RW 
Chris Kenedy, C Robert Petrovtcky and D 
Terry Virtue to Worcester, AH L. 

COLLEGE 

GEORGIA southern- A nnounced DT Bri- 
an WHson has transferred bam Navy and wffi 
be eligible la play Immediately. 

Pittsburgh— A nnounced WRAndyMoU- 
naro has been reinstated after serving 3- 
gnmr suspension far viaknirtg leam rules. 

TENNESSEE siATE-Signed L.C. Cote toot- 
boH coach, Io 3-year contract extension 
through 2001 season 

Vanderbilt— A nnounced LB Darweshi 
MBes has tefl the lootball team. 


• DENNIS THE MENACE PEANUTS 


CALVIN AND HOBBES 



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Creative Lawmaking 


TT WASHINGTON — Al- 

W though the tobacco in- 
dustry is putting up a valiant 
effort, occasionally it loses 
one. Somehow, no one knows 
exactly how, it managed to 
slip into our 
tax-cut legisla- 
tion a $50 bil- 
lion tax break 
far tobacco pro- 
ducers. 

The tax break 
was squirreled 

in to a bill to un- 

derwrite health Buchwald 
care for chil- 
dren. It was offered at the last 
moment so that there would be 
no debate and discussion. To 
this day no one knows who 
introduced the bill. 

This is one theory of how it 
wound up there: 

Four plumbers wearing ski 
masks — two from the to- 
bacco industry and two sen- 
ators from Southern states — 
brake into the Budget Com- 
mittee hearing room with the 
bill to give the tobacco people 
a tax break. 

One of the men took the 
heal th-care - f or-c hil dre n bill 
and tacked the tobacco in- 
terest law on the end of it. 
“That should do it. No one 
will be able to find this with 

Artists-in-Exile Show 
To Open in Berlin 

Agence France-Presse 

BERLIN — Works of art 
by 130 European artists, cre- 
ated during their exile be- 
tween the rise and fall of 
Nazism, will be shown in 
Berlin beginning Oct. 10. 

“Exile: Flight and Emig- 
ration of European Artists 
1933-1945” at the Neue Na- 
tional Galerie includes works 
by Max Beckmann, Marc 
Chagall, Salvador Dali and 
Max Ernst, among others. 


all the garbage that the budget 

bill is full of-” 

A masked senator said 
nervously. “Suppose some- 
one finds it and they vote to 

repeal it?” . 

“You are worrying for no 
reason. No one is going to 
discover a tobacco tax break 
in a bill this large.” 

The other masked senator 
said, “I always tike to sneak 
in a bill when no one is look- 
ing. I once got the Senate to 
approve an Air Force base in 
my home state when they 
were voting on a bill to elim- 
inate scarlet fever.” 


One of the tobacco in- 
dustry plumbers said. "I can’t 
get our tobacco bill to stick to 
the budget bill.” 

“Did you cry Scotch 
tape?” 

“Yes. and even Elmer's 
glue. Senator, you are going to 
have to introduce an amend- 
ment to this bill guaranteeing 
a windfall for the people who 
make cigarettes.” 

“I would be honored.” He 
raised his hand over the bill 
and said, “I hereby propose a 
S50 billion tax-relief amend- 
ment for anything that has 
nicotine in it” 

The other senator said, “I 
second the motion.” 

All four plumbers said, 
“Aye.” 

The bill was rolled up and 
pur on the Senate majority 
leader's desk where it rested 
until someone came across the 
wording and raised Hades. 

An anti-smoking senator 
voiced his objection and de- 
manded a repeal of the tax 
break. 

It was agreed to 95 to 3. 

The four plumbers met that 
evening to drown their sor- 
row but were cheered up by a 
tobacco lobbyist who said, 
“There is always tomorrow 
night.” 


tw - tv „ . 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, SEPTEMBER 25, 1997 


/■•aiMtwrgs 





Kit Barks Like a Dog, It May Be the Cat Family 


By Lucille Craft 

T OKYO — Fujiko Okada is the portrait 
of a well-bred Japanese woman. Her 
old-fashioned hairstyle and makeup are im- 
maculate. She has mastered the p ain staki n g 
business of donning a silk kimono. Years of 
rigorous dance training enable her to move 
with balletic timing and grace. 

And, boy, can she bark. 

Seated demurely on a purple cushion at 
center stage, she suddenly tilts her ele- 
gantly coiffed head back, narrows mas- 
cara-lined eyes into the squint of a nervous 
terrier, and lets rip: 

“Yip! Bow- wow-wow-wow! OW- 
WOW-WOU-OOOOOOOO! r 
The audience murmurs appreciatively, 
and Okada braces for more barnyard hu- 
mor. She coos like a pigeon, flaps her fan 
and crows tike a rooster, and, inserting a 
pinky into mouth, trills like a nightingale. 

(Her beauty tip: nonsmudge makeup.) 

Monologue completed, she bows deeply, 
rustles daintily through a geisha-style 
dance, and disappears into the wings. 

“When I fust got started in this busi- 
ness, I was furious with my dad Why on 
earth is he making me do this?” says 
Okada, 29. “ But after three years, I started 
to enjoy making people laugh.” 

It's not every father who takes pride in 
his daughter barking at strangers. But then. The Okadas a 
not every dad is Rokkuro Okada, better 
known by his stage name Edo-ya Neko Hachi (Cat Eight of 
the House of Edo). Along with his son. Ko-Neko (Little Cat), 
and Fujiko, ajc.a. Maneki Neko, or Beckoning Cat, the 
family occupies a unique niche in the centuries-old tradition 
of Japanese storytelling. They are the country's only per- 
formers of mono-mane , or animal mimickry. 

Storytellers have roamed Japan since at least medieval 
times, but it wasn't until the end of the 1800s that the term 
rakugo (literally, “dropped word,” or "punchline”) 
emerged as a term for humorous monologues. Because it is 
performed to live audiences with no scenery or props except 
a fan, Japanese vaudevi Ilians resemble Western-style stand- 
up comedians, skewering everything from a visit to the 
doctor, to political correctness, to whatever was on the 
evening news. Neko Hachi. with his honeyed, sometimes 
heart-rending delivery, often evokes Garrison Keillor, of the 
popular U.S. public radio program “A Prairie Home Com- 
panion." Just as Keillor’s blend of nostalgia, homilies and 
gentle wit echo Middle America, so too does Neko Hachi 
weave a feel-good cocoon around his audiences, recon- 
firming everyone's Japaneseness. Wearing a brown kimono 
emblazoned with his laughing-cat trademark, he occasion- 
ally sprawls comfortably on the purple stage cushion as if in 



The Oka das are Japan's only performers of mono- mane, or ani m al mimickry 

li (Cat Eight of his own living room. The misadventures of his father, to be int 
jko (Little Cat), Shinkichi — the original Neko Hachi — provide much of the stature aJ 
oning Cat, the material for his monologues. Barrymo 

es-old tradition Neko Hachi ’s genius is an ability to move adroitly from received 
try’s only per- pathos to humor, such as when he re-creales the day his .drills by 
beloved father died, when the boy was 11. She ha 

least medieval His success was a long time coming. As in the United calls her 
Is that the term States, Japan’s early broadcasters — at a loss for pro- own teni 
• * punchline’ ’) gramming — turned to traditional stage actors to fill air time, trouble fi 
s. Because it is And virtually overnight, Neko Hachi was a star, his round mail-ortk 
jr props except avuncular face turning up in everything from TV comedies “Entei 
un-style stand- to movies like Juzo Itami's “The Funeral.” to serious “While 1 
a visit to the drama, the country showering him with affection and most dee] 
was on the awards. It would have been enough, but Neko Hachi, after a and recov 
ed, sometimes 10-year hiatus, decided it was time to go home. While consume! 
t Keillor, of the continuing to appear on stage and screen, he officially ferentauc 
ie Home Cfora- rejoined the world of vaudeville. of the tec 

u homilies and “J make people laugh. I make them cry, and make them “Even 
:s Neko Hachi fed moved. And I do animal sounds,” summed up the 76- people an 
[iences, recon- year-old actor, can feel it 

brown kimono The Suehiro Theater in Shinjuku hardly seems like a place * *i help tl 
l, he occasion- f° r a good laugh- On weekdays, it can be downright funereal, 

:ushionas if in with a handful of customers sprinkled around the shabby Lucille 


P 


150-seat theater.. One weekday around tax;' 
time, ajpant poster exhorting viewers to pay £ 
up on time decorated the left wall; to the^ 
rear, a cleaning lady noisily tore up cartons,-^ 
indifferent to die acoustically magnified x 
sound of ripping cardboard. On weekend 
and holidays the theater is teeming, but on 
many days business is slow. In the mid- 19th 
century there were 172 mixed-bill vaude-"- 
ville houses in Tokyo; today Suehiro is one 
of four. Suehiro's manager wrinkles 7 
brow in worry, but the performers are san- ; 
guine about the future. 

* ‘We don’t play theaters for the money,” ; 
-says Ko-Neko. He, tike other vaudeville 
peribririetis, earn thtirlivij&g af paffiesand' 

' other offstage- venues, and afoskliie the 
theaters by accepting token fees, in ! the 
belief that live perfffliimcEslre'ilte 
place for veterans to hone ffefr-ti ming ahd 
for young entertainers to gertinir start, ~ 
There are an estimated 800 vaudeville 
performers in Japan today, about half based 
in the capital. While the theaters are hardly 
flush with cash, there is no shwtage.of hew : 
blood, with high school graduates as well as 
former salarimen clamoring taapprentice. 

Maneki Neko,' who spent, much of her 
childhood in the wings at her father's pay- 
formauces, is at ease in this world, though ■ 
female performers are so rare invaudeville 
they must share the same cramped-, tataxni- - 

matted dressing rooms with the men. (Me Q 

uml ckry. frequently impersonate female char&ters " 
in their monologues, but audiences are said ' 
to be intolerant of role reversal by women.) Herfather V 
stature affords her instant name recognition — Eke having: 
Barrymore or Fonda as a surname — though she never 
received any formal training but was expected to pick up the 
skills by osmosis. 

She has yet to acquire the formidable arsenal of animal 
calls her father and brother possess, but has staked out her 
own territory, making jokes about her zaftig physique, her 
trouble findin g a man and Japan's hew obsession with TV 
mail-order shopping. 

“Entertainers.” Ko-Neko says, “are a minor of society. 
■“While his father’s tales of hardship overcome resonate 
most deeply with older Japanese who helped Japan rebuild 
and recover after the war, and his sister speaks to a society of 
consumers run amok, Ko-Neko, 48, addresses still a dif- 
ferent audience, one seeking refuge from the stress and speed 
of the technological jungle. 

‘ ’Even though there are hardly any farmers in Japan today, - 
people are hungering for a natural, simpler life,’ ’ he said. “T " 
can feel it” With his chirping beetles and melodic birdcalls, 

‘ T help them get back to their roots. ’ ’ 




*jj 


'•'lir 


Lucille Craft is a Tokyo-based journalist. 


JAZZ 


PEOPLE 


Sarah Lazarus: Taking Success Seriously in Paris 


By Mike Zwerin 

International Herald Tribune 

P ARIS — Sarah Lazarus was in trouble. 

Even jazz musicians take the month of 
August off in Paris, and the deadline for filing 
her application for the Thelonious Monk In- 
stitute Jazz Vocal Competition was only 10 
days away. 

The competition was important to her even 
though she had decided to apply at the last 
minute. She figured that finding a rhythm 
section to record a demo tape in August ( it was 
1994) in Paris was worthy of an award all its 
own. 

After Fedexing the tape and the wrinen 
application to institute headquarters in Wash- 
ington, she forgot all about it. She was sur- 
prised to be chosen one of 1 1 semi-finalists. 

She stayed with her sister in the suburbs 
rather than in the hotel with the other can- 
didates, thus missing the balm of bonding. She 
was jet-lagged, but maybe she was just too 
numb to be scared. The audition room was 

small. She could almost reach out and touch 

the panel of judges, which was stellar — 
Dianne Reeves, Cleo Laine, Jon Hendricks, Sii 
Shirley Horn, Abbey Lincoln and Jimmy 
Scott It was an elite affair, closed to the public. Her 
lucid interpretation of standards and her good in- 
stincts saw her through. One of three finalists, she 
finally won. 

Winning a Monk Institute award may not mean a 
lot of money ($10,000, ir has since doubled), but it 
has launched successful careers (Joshua Redman. 


Singer Lazarus: Still no record album. 


With a teaching career in mind, she graduated 
from Harvard with a bachelor of arts degree in 
English literature. She had elected to join the Har- 
v aid jazz program, and later the Harvard jazz band 
(Redman also attended Harvard): 

After graduating in 1984, Lazarus came to Paris. 
Ten years later, she was “very much established 


for one). Several record companies asked her if here. I'd lost contact with daily life in America. I 


she’d be interested in a contract. She said yes. Then 
they asked if she’d be willing to move from Paris to 
New York. She said no. And that was the end of 
that 

The money and the power are in New York and 
Los Angeles. Reputations are made there, decisions 
are made there. Y our name does not readily come to 
mind at poll time when you live in Paris' Parisian 
triumphs are somehow less triumphant in New 
York. 

When people ask her why she wouldn’t move, 
she replies with a smile and without doubt: “I was 
happy living in Paris. ' ' 

Lazarus learned the tenor saxophone in high 
school in Wilmington, Delaware. She’d played the 
Montreux Jazz Festival with a student band. Her 
hands were too small for the tenor sax, her fingers 
kept getting jammed in the low B-flar key. She 
figured she’d better stick to singing. 


had become this strange hybrid; no longer Amer- 
ican and not quite French." 

Ten years abroad is a sort of point of no return. It 
is too early to feel stuck and too late to be tem- 
porary. She was certainly not ready to make such a 
major decision right then. She had been unprepared 
for winning. There were no post-prize plans. Off- 
balance, hesitating, she worried about her hes- 
itation. 

Lazarus is married to the French musician Eric 
Breton. They had a young son (there are two young 
sons now). Happy to be living a happy family life in 
Paris and to be making a living doing what she 
wanted to do, she had all the work she could handle 


(she likes to teach). Her rhythm section was one of vety hard to find them. 


nursery school and kindergarten systems 
woric well, as does the state medical insurance 
>. system. Although she’s not running away 
7 from America, every time she starts to con- 
sider going back something seems to happen 
to make her decide to stay. 

New York still scared her. She did not 
'll know many people there. She had neither an 
agent nor a manager nor the desire to look for 
| one. She wondered whether being a white 
singer would be a handicap in .America — she 
had heard stories. Anyway, what was the 
hurry? 

The problem is there might well be a buriy. 
The American entertainment business is built 
on youth and speed. Although lip-service is 
paid to “family values.” "follow the 
money” is more like it. Americans say “go 
for it,” which means right now. Ageism is a 
major prejudice. 

L Americans who are happy living in Europe 
||| are generally not the type who • *go for it’ ’ ai 
||f the first opportunity. Or they wouldn’t be here 
W in the first place. Maturity still counts for 

something. In the back of their minds, though. 

un.*- sooner or later they want to "make it” in 
America. 

Bluesman Luther Allison, who lived in 
Paris for many years, could not bear to be forgotten 
in his native Chicago. He thrived in Europe, but he 
did not want to return unless be could “ride over on 
a hit record,” as he put it. He was left off lists of 
living blues heroes. There were important blues 
festivals he was not in vited to. He died of cancer in 
July, a biner man, before he’d had a chance to take 
advantage of just being named “Bluesman of the 
year.” 

Lazarus is billed as “the American singer in 
Paris.” As a singer iris more “authentic" being an 
American here. The American jazz community is 
more communal in Europe. Americans in residence 
tend to stress what they have in common. There are 
fewer divisions between races, generations, sexes 
and styles. Of course Me Donald ism marches on. 
but as it has been said: “There’s only an inch of 
difference between Paris and New York but it's the 
inch I live in.” 

She has still not released a record album. She has 
no press book yet. She knows there must be people 
eager to record her, bur she hasn’t really worked 


the best in town. Life as a two-income family was 
going smoothly. 

Bringing up young children is easier in Paris than 
New York. The French appreciate children. The 


“I’m just letting time help me as much as 
possible.” she said. “And it has helped. But maybe 
now it’s time for me to take success more se- 
riously.” 


G RAY-HAIRED men as old as Keith 
Richards sang, a woman holding a boy 
younger than Mick J agger's 5-year-old grand- 
daughter danced and teenage girls shrieked and 
gyrated. Must mean the Rolling Stones are 
back on tour. “Da Bulls, da Bears, and now da 
Stones,” Jagger screamed at the crowd at Sol- 
dier Field in Chicago, kicking off the group’s 
first tour in three years. “We have very good 
memories of Chicago, where we started off 
with blues sessions in clubs,” the singer told 
the 50,000 fans, who heard vintage hits as well 
as songs from the band’s soon-to-be-rel eased 
39th album, “Bridges to Babylon.” Jagger, 
belying his 54 years, strutted and danced his 
way through number after number as the mul- 
tigenexatianal crowd ignored the chilly winds 
off Lake Michigan and danced and sang along. 
“I get a lot of letters from 12-, 13-, 14-year-old 
kids who know the new stuff," Richards said 
before the show. “That makes an old picker’s 
heart feel good. We’ve kept our original gen- 
eration, arid the one in between, and there’s 
another one corning up." 

□ 

Steven Spielberg missed the premiere of his 
new studio's first feature film in Los Angeles 
when he was slightly injured in an auto ac- 
cident on the way to the theater, the police .said 
Wednesday. The limousine carrying the di- 
rector collided with a car as Spielberg beaded 
to the premiere of "The Peacemaker." Spiel- 
berg, whose Dreamworks SKG studio pro- 
duced the film, was treated for a shoulder 
sprain at a hospital and released. A passenger in 
the second car had minor scrapes. 


About 75 photographers refused to take 
pictures of French ministers emerging from a 
cabinet meeting Wednesday, to protest an 
investigation of their colleagues in connection 
with the car crash in which Diana, Princess of 
Wales, died. The photographers laid down 
their cameras and press cards in the Elysee 
Palace courtyard and stood silently in two 
lines as ministers filed out of the session one 
by one. A judge is investigating whether nine 
photographers and a photo agency motor- 
cyclist contributed to the accident by chasing 
the car and whether they took pictures af- 
terward rather than alert emergency services 
and try to help the victims. 


The hills around Sarajevo that once echoed 
to the rumble of artillery reverberated to the 
singing of tens of thousands of people at a 



Everv country has its own AT&T Access Number which 


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. -A 




A 

A-5- ff '? ' ' 

--z‘ a -*• - 

/ 


JcR HinrnMp nr* Fram v-Prrmr 

No generation gap for Keith Richards. 

concert by the Irish rock group U2. When lead 
singer Bono lost his voice early in the concert 
the crowd of 50,000 went wild, helping him 
along. “I'm so bewildered that they didn’t ^ 
throw rocks at me when I couldn’t sing for ■ 
them," he said. “It was one of the toughest 
and one of the sweetest nights of my life, that's 
for sure. ’ ' U2 was the first major rock group m 
play in Bosnia since the war ended in 19 95. 



Ray Charles turned 67 this week and he's 
not even thinking about retirement. “What 
would I retire to? Music is my life,” he said. 
“When the good Lord wants me to retire, he 
will take care of that.” He doesn't seem to be 
slowing down. Charles and his 16-piece or- 
chestra are on their 37th world tour. 


Robert Redford’s film “The Horse 
Whisperer,” hampered by script and casting 
delays, is back on track fora December release. « 
After nearly four months of production in 
southern Montana, the production crew has 
wrapped up filming. The movie, based on 
Nicholas Evans’s 1995 best-selling noveL, 
stars Redford as a trainer working with an 
injured horse. The film features Dianne Wiest, 
Sam Neill and Kristin Scott Thomas. Red- 
ford also directed and co-produced the film. . 


AT&T Access Numbers 


y.~; 

Steps to follow for easy 
calling worldwide 

1. Just dial die AT&T AXeffl Number 
for [he count!)' you are calling fram. 

1 Dial the phone number you're calling. 

i. [Hal the calling card number listed 
above vourname. 


EUROPE 

Aastrta*o 

— 822-983^11 


8-880*109-10 


0-M0-95HW11 

Banrany 

91394918 

Greece* .. 

M-B80-1311 


Wanda 

Italy* 

KfllherlMdsw 

Russia • A(Mosraw) » 


755-042 

9004948-11 

...020-795*811 


QSOMB-flOtl 


Sweden 

Switzerland* 

United Kingdom*. . . 


unnLE EAST 

Eflypt*(Calro)* 

Israel .......177-100-2727 

Saadi Arabia o 1-flB-lj 

AFRICA __ 

Gbana 8191 

Sooth Africa -vMOMMI® 


■ini find the Access. Number for the country you’re calHng from? Jan ask my operator for 
XT&7 Dinar Sontoe, or rtUtoar Trt site ac tnrptf/wtnrMAOW/innte 


in the springtime. 


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