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( S ( ADVP ( RB Indeed ) ) ( NP-SBJ ( NNS analysts ) ) ( VP ( VBP have ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NN absence ) ) ( PP ( IN of ) ( NP ( JJ new ) ( NNS products ) ) ) ) ( PP-LOC ( IN among ) ( NP ( JJ other ) ( NNS factors ) ) ) ( VP ( VBZ has ) ( VP ( VBN limited ) ( NP ( JJ sales ) ( NN growth ) ) ( PP-LOC ( IN throughout ) ( NP ( DT the ) ( NN industry ) ) ) ) ) ) ) ) ) )

Indeed analysts have said that the absence of new products among other factors has limited sales growth throughout the industry

( S ( NP-SBJ ( NNP Coke ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VP ( VBZ leads ) ( NP ( NNP Pepsi ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NN market ) ( NN share ) ) ( PP-LOC ( IN in ) ( NP ( JJ caffeine-free ) ( NN diet ) ( NNS colas ) ) ) ) ) ) ( CC but ) ( VP ( VBZ trails ) ( NP ( NNP Pepsi ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( JJ caffeine-free ) ( JJ sugared ) ( NNS colas ) ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NNP Beverage ) ( NNP Digest ) ) ) ) ) )

Coke now leads Pepsi in market share in caffeine-free diet colas but trails Pepsi in sales of caffeine-free sugared colas according to Beverage Digest

( S ( NP-SBJ ( NNP Coke ) ) ( VP ( VBD introduced ) ( NP ( NP ( DT a ) ( JJ caffeine-free ) ( JJ sugared ) ( NN cola ) ) ( PP ( VBN based ) ( PP ( IN on ) ( NP ( PRP$ its ) ( JJ original ) ( NN formula ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1983 ) ) ) ) )

Coke introduced a caffeine-free sugared cola based on its original formula in 1983

( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD switched ) ( PP-DIR ( TO to ) ( NP ( NP ( DT a ) ( JJ caffeine-free ) ( NN formula ) ) ( VP ( VBG using ) ( NP ( PRP$ its ) ( JJ new ) ( NNP Coke ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1985 ) ) ) ) )

It switched to a caffeine-free formula using its new Coke in 1985

( S ( S-TPC-2 ( NP-SBJ-1 ( NNP Coke ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG studying ) ( NP ( NP ( DT the ) ( NN possibility ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG introducing ) ( NP ( DT a ) ( JJ caffeine-free ) ( NNP Classic ) ) ) ) ) ) ( PP-TMP ( IN for ) ( NP ( DT a ) ( NN year ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( NN company ) ( NN spokesman ) ) ( VP ( VBD said ) ) )

Coke has been studying the possibility of introducing a caffeine-free Classic for a year a company spokesman said

( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( JJ large ) ( NNS increases ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( JJ other ) ( JJ non-caffeine ) ( JJ soft ) ( NNS drinks ) ) ) ) ) ) ( VP ( VBP make ) ( S ( NP-SBJ ( DT the ) ( NN timing ) ) ( ADJP-PRD ( RB right ) ) ( ADVP-TMP ( RB now ) ) ) ) ) ) ) )

He said large increases in sales of other non-caffeine soft drinks make the timing right now

( S ( NP-SBJ ( NNP Olin ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( JJ third-quarter ) ( JJ net ) ( NN income ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 26 ) ( NN % ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN strength ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN chemical ) ( NN business ) ) ) ) ) ) ) ) ) )

Olin Corp. said third-quarter net income rose 26 % on the strength of its chemical business

( S ( NP-SBJ ( NN Net ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( QP ( CD 24 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.15 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP ( RB up ) ( PP ( IN from ) ( NP ( NP ( QP ( CD 19 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 90 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) )

Net was 24 million or 1.15 a share up from 19 million or 90 cents a share a year earlier

( S ( NP-SBJ ( NNS Sales ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 7.4 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 580 ) ( CD million ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 540 ) ( CD million ) ) ) ) ) )

Sales rose 7.4 % to 580 million from 540 million

( S ( NP-SBJ ( NNP Olin ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP$ its ) ( NN chemical ) ( NN segment ) ) ( VP ( VBD had ) ( NP ( NP ( NN profit ) ) ( PP ( IN of ) ( NP ( QP ( CD 22 ) ( CD million ) ) ) ) ) ( ADVP ( RB up ) ( PP ( IN from ) ( NP ( QP ( CD 15 ) ( CD million ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RB ago ) ) ) ) ( PP-PRP ( ADVP ( RB largely ) ) ( IN because ) ( IN of ) ( NP ( NP ( NNS gains ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNS electrochemicals ) ) ( PP ( JJ such ) ( IN as ) ( NP ( JJ caustic ) ( NN soda ) ) ) ) ) ) ) ) ) ) ) )

Olin said its chemical segment had profit of 22 million up from 15 million a year ago largely because of gains in electrochemicals such as caustic soda

( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NNS gains ) ) ( VP ( VBD were ) ( VP ( VBN tied ) ( PP-CLR ( TO to ) ( NP ( NP ( NN volume ) ( NNS increases ) ) ( CC and ) ( NP ( JJR higher ) ( NNS prices ) ) ) ) ) ) ) ) ) )

The company said the gains were tied to volume increases and higher prices

( S ( NP-SBJ ( NP ( DT The ) ( NN market ) ) ( PP ( IN for ) ( NP ( NNS electrochemicals ) ) ) ) ( VP ( VBP include ) ( NP ( DT the ) ( NN paper ) ( NN water-purification ) ( CC and ) ( JJ textile ) ( NNS industries ) ) ) )

The market for electrochemicals include the paper water-purification and textile industries

( S ( NP-SBJ ( DT The ) ( NN chemical ) ( NN segment ) ) ( VP ( VBD had ) ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 6 ) ( CD million ) ) ) ( NN gain ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN sale ) ) ( PP ( IN of ) ( NP ( NN ammonia ) ( CC and ) ( NN urea ) ( NNS businesses ) ) ) ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD was ) ( VP ( VBN offset ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( ADJP ( QP ( CD 6 ) ( CD million ) ) ) ( NN charge ) ) ( PP ( IN for ) ( NP ( JJ future ) ( JJ environmental ) ( NNS expenditures ) ) ) ) ) ) ) ) ) ) ) )

The chemical segment had a 6 million gain on the sale of ammonia and urea businesses which was offset by a 6 million charge for future environmental expenditures

( S ( NP-SBJ ( NP ( NNP Profit ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Olin ) ( POS 's ) ) ( NN defense ) ( CC and ) ( NN ammunition ) ( NN segment ) ) ) ) ( VP ( VBD rose ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 8 ) ( CD million ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 7 ) ( CD million ) ) ) ) ) )

Profit in Olin 's defense and ammunition segment rose to 8 million from 7 million

( S ( NP-SBJ ( NP ( DT The ) ( NNS metals ) ( NN segment ) ) ( VP ( VBN hurt ) ( PP ( IN by ) ( NP-LGS ( DT a ) ( NN strike ) ) ) ) ) ( VP ( VBD had ) ( NP ( JJ break-even ) ( NNS results ) ) ( PP ( IN against ) ( NP ( NP ( QP ( CD 3 ) ( CD million ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RB ago ) ) ) ) ) )

The metals segment hurt by a strike had break-even results against 3 million a year ago

( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( JJ first ) ( CD nine ) ( NNS months ) ) ) ( NP-SBJ ( NN net ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 21 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 93 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 4.52 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 77 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 3.62 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RB ago ) ) ) ) )

In the first nine months net rose 21 % to 93 million or 4.52 a share from 77 million or 3.62 a share a year ago

( S ( NP-SBJ ( NNS Sales ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 13 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 1.91 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 1.69 ) ( CD billion ) ) ) ) ) )

Sales rose 13 % to 1.91 billion from 1.69 billion

( S ( PP-LOC ( IN In ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ( NP-SBJ ( NNP Olin ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 58.50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP ( RB down ) ( NP ( CD 25 ) ( NNS cents ) ) ) ) )

In New York Stock Exchange composite trading Olin closed at 58.50 a share down 25 cents

( S ( NP-SBJ ( NNP Consolidated ) ( NNP Papers ) ( NNP Inc. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB spend ) ( NP ( QP ( CD 495 ) ( CD million ) ) ) ( PP-CLR ( IN on ) ( NP ( JJ new ) ( JJ paper-manufacturing ) ( NN equipment ) ( CC and ) ( NNS facilities ) ) ) ) ) ) ) ) ) ) )

Consolidated Papers Inc. said it plans to spend 495 million on new paper-manufacturing equipment and facilities

( S ( NP-SBJ ( NP ( DT The ) ( NN producer ) ) ( PP ( IN of ) ( NP ( NP ( NN paper ) ) ( VP ( VBN used ) ( PP ( PP-LOC ( IN in ) ( NP ( NNS magazines ) ) ) ( CC and ) ( PP ( IN by ) ( NP-LGS ( JJ commercial ) ( NNS printers ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( VBG spending ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN expansion ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN planned ) ( S ( VP ( TO to ) ( VP ( VB begin ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( JJ first ) ( NN quarter ) ) ( PP ( IN of ) ( NP ( CD 1990 ) ) ) ) ) ) ) ) ) ) ) ) ) )

The producer of paper used in magazines and by commercial printers said spending on the expansion is planned to begin in the first quarter of 1990

( S ( NP-SBJ ( DT The ) ( NN expansion ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ subject ) ( PP ( TO to ) ( NP ( NP ( NN approval ) ) ( PP ( IN by ) ( NP ( UCP ( JJ federal ) ( CC and ) ( NNP Wisconsin ) ) ( JJ environmental ) ( NNS regulators ) ) ) ) ) ) ) )

The expansion is subject to approval by federal and Wisconsin environmental regulators

( S ( NP-SBJ-2 ( ADJP ( JJ South ) ( JJ Korean ) ) ( NNP President ) ( NNP Roh ) ( NNP Tae ) ( NNP Woo ) ) ( S-ADV ( VP ( VBG brushing ) ( PP-CLR ( RP aside ) ( NP ( NNS suggestions ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT the ) ( NN won ) ) ( VP ( VB be ) ( VP ( VBN revalued ) ( ADVP-TMP ( RB again ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NP ( DT the ) ( NN currency ) ( POS 's ) ) ( JJ current ) ( NN level ) ) ( PP ( IN against ) ( NP ( DT the ) ( NN dollar ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ appropriate ) ) ) ) ) ) )

South Korean President Roh Tae Woo brushing aside suggestions that the won be revalued again said the currency 's current level against the dollar is appropriate

( S ( NP-SBJ ( NP ( PRP$ His ) ( NNS comments ) ) ( VP ( VBN made ) ( PP ( IN in ) ( NP ( NP ( NN response ) ) ( PP ( TO to ) ( NP ( NP ( NNS reporters ) ( POS ' ) ) ( NNS questions ) ) ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NNP National ) ( NNP Press ) ( NNP Club ) ) ( ADVP-LOC ( RB here ) ) ) ) ) ) ( VP ( VBD signaled ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Seoul ) ) ( VP ( VBZ is ) ( VP ( VBG resisting ) ( NP ( NP ( NNP U.S. ) ( NN pressure ) ) ( PP ( IN for ) ( NP ( NP ( DT a ) ( JJR further ) ( NN rise ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN currency ) ( POS 's ) ) ( NN value ) ) ) ) ) ) ) ) ) ) ) )

His comments made in response to reporters ' questions at the National Press Club here signaled that Seoul is resisting U.S. pressure for a further rise in the currency 's value

( S ( NP-SBJ ( DT The ) ( NNP U.S. ) ) ( VP ( VBZ wants ) ( NP ( DT a ) ( JJR higher ) ( NN won ) ) ( S-PRP ( VP ( TO to ) ( VP ( VP ( VB make ) ( S ( NP-SBJ ( NP ( NNP South ) ( NNP Korea ) ( POS 's ) ) ( NNS exports ) ) ( ADJP-PRD ( RBR more ) ( JJ expensive ) ) ) ) ( CC and ) ( VP ( VB help ) ( S ( VP ( VB trim ) ( NP ( NP ( NNP Seoul ) ( POS 's ) ) ( NN trade ) ( NN surplus ) ) ) ) ) ) ) ) ) )

The U.S. wants a higher won to make South Korea 's exports more expensive and help trim Seoul 's trade surplus

( S ( NP-SBJ-1 ( JJ Many ) ( ADJP ( JJ South ) ( JJ Korean ) ) ( NN business ) ( NNS people ) ) ( VP ( VBP want ) ( NP ( DT a ) ( NN devaluation ) ) ( ADVP ( RB instead ) ) ( S-ADV ( VP ( VBG arguing ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( VBN won ) ( POS 's ) ) ( JJ recent ) ( NNS gains ) ) ( ADVP-TMP ( RB already ) ) ( VP ( VBP have ) ( VP ( VBN weakened ) ( NP ( NP ( DT the ) ( NN country ) ( POS 's ) ) ( NN export ) ( NN performance ) ) ) ) ) ) ) ) ) )

Many South Korean business people want a devaluation instead arguing that the won 's recent gains already have weakened the country 's export performance

( S ( NP-SBJ ( NNP Mr. ) ( NNP Roh ) ) ( ADVP ( RB also ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNP South ) ( NNP Korea ) ) ( VP ( VBZ is ) ( VP ( VBG taking ) ( NP ( NP ( NNS steps ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB free ) ( NP-2 ( DT the ) ( NN won ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB respond ) ( PP-CLR ( TO to ) ( NP ( NN market ) ( NNS forces ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Roh also said South Korea is taking steps that would free the won to respond to market forces

( S ( NP-SBJ ( NNP Seoul ) ) ( VP ( VBZ has ) ( VP ( VBN pointed ) ( PP-CLR ( TO to ) ( NP ( NP ( PRP$ its ) ( NN lack ) ) ( PP ( IN of ) ( NP ( DT a ) ( JJ foreign ) ( NN exchange ) ( NN market ) ) ) ) ) ( PP-CLR ( IN as ) ( NP ( NP ( CD one ) ( NN reason ) ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN won ) ( POS 's ) ) ( NN value ) ) ( VP ( VBZ remains ) ( ADJP-PRD ( RB heavily ) ( VBN controlled ) ) ) ) ) ) ) ) ) )

Seoul has pointed to its lack of a foreign exchange market as one reason the won 's value remains heavily controlled

( S ( NP-SBJ ( NNP Mr. ) ( NNP Roh ) ) ( VP ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( DT a ) ( NNP U.S. ) ( NN demand ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN removal ) ) ( PP ( IN of ) ( NP ( NP ( JJ South ) ( JJ Korean ) ( NN import ) ( NNS quotas ) ) ( PP-LOC ( IN on ) ( NP ( NN beef ) ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN resolved ) ( ADVP-MNR ( RB satisfactorily ) ) ) ) ) ) ) ) ( CC but ) ( VP ( VBD gave ) ( NP ( DT no ) ( NN hint ) ( SBAR ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( DT that ) ) ( VP ( MD will ) ( VP ( VB happen ) ) ) ) ) ) ) ) )

Mr. Roh said a U.S. demand for the removal of South Korean import quotas on beef will be resolved satisfactorily but gave no hint when that will happen

( S ( S-ADV ( VP ( VBG Speaking ) ( PP-CLR ( TO to ) ( NP ( NP ( DT a ) ( JJ joint ) ( NN meeting ) ) ( PP ( IN of ) ( NP ( NNP Congress ) ) ) ) ) ( ADVP-TMP ( RBR earlier ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-2 ( NNP South ) ( NNP Korea ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB move ) ( ADVP-MNR ( RB quickly ) ) ( PP ( IN on ) ( NP ( JJ such ) ( JJ agricultural ) ( NN trade ) ( NNS issues ) ) ) ( PP ( IN without ) ( S-NOM ( VP ( VBG causing ) ( NP ( ADJP ( JJ political ) ( CC and ) ( JJ social ) ) ( NN trauma ) ) ) ) ) ) ) ) ) ) )

Speaking to a joint meeting of Congress earlier he said South Korea ca n't move quickly on such agricultural trade issues without causing political and social trauma

( S ( NP-SBJ ( NP ( NNP Egon ) ( NNP Krenz ) ) ( NP ( NP ( DT the ) ( NN man ) ) ( VP ( VBN tapped ) ( NP-TMP ( NN yesterday ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB become ) ( NP-PRD ( NP ( NNP East ) ( NNP Germany ) ( POS 's ) ) ( JJ new ) ( NN leader ) ) ) ) ) ) ) ) ( VP ( VBZ faces ) ( NP ( NP ( NP ( DT the ) ( JJ same ) ( NN task ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ has ) ( VP ( VBN fallen ) ( PP-CLR ( TO to ) ( NP ( VBG neighboring ) ( JJ socialist ) ( NNS colleagues ) ) ) ) ) ) ) ) ( S-NOM ( VP ( VBG reforming ) ( NP ( NP ( DT a ) ( NN country ) ) ( PP-LOC ( IN in ) ( NP ( NN crisis ) ) ) ) ) ) ) ) )

Egon Krenz the man tapped yesterday to become East Germany 's new leader faces the same task that has fallen to neighboring socialist colleagues reforming a country in crisis

( S ( CC But ) ( PP ( IN unlike ) ( NP ( NP ( DT the ) ( JJ other ) ( JJ new ) ( NNS leaders ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP East ) ( NNP Bloc ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( MD will ) ( VP ( VB face ) ( NP ( NP ( NP ( DT an ) ( JJ immediate ) ( NN threat ) ) ( PP ( TO to ) ( NP ( NP ( PRP$ his ) ( NN nation ) ( POS 's ) ) ( JJ very ) ( NN existence ) ) ) ) ( NP ( JJ German ) ( NN reunification ) ) ) ) ) )

But unlike the other new leaders in the East Bloc Mr. Krenz will face an immediate threat to his nation 's very existence German reunification

( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Krenz ) ) ( NP ( NN age ) ( CD 52 ) ) ) ( VP ( VBZ is ) ( VP ( VBN known ) ( PP-CLR ( IN as ) ( NP ( NP ( DT an ) ( JJ old-guard ) ( NN ironfist ) ) ( NP ( NP ( NN one ) ) ( ADJP ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB continue ) ( NP ( NP ( DT the ) ( NN method ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG running ) ( NP ( DT a ) ( NN country ) ) ) ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( NP-SBJ ( DT the ) ( NNP Berlin ) ( NNP Wall ) ) ( VP ( VBD made ) ( S ( ADJP-PRD ( JJ famous ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Krenz age 52 is known as an old-guard ironfist one likely to continue the method of running a country that the Berlin Wall made famous

( S ( SBAR-ADV ( RB Even ) ( IN if ) ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD were ) ( S ( VP ( TO to ) ( VP ( VP ( VB change ) ( NP ( PRP$ his ) ( NNS stripes ) ) ) ( CC and ) ( VP ( VB become ) ( NP-PRD ( DT another ) ( NNP Milton ) ( NNP Friedman ) ) ) ) ) ) ) ) ) ( ADVP ( RB however ) ) ( NP-SBJ-2 ( PRP he ) ) ( VP ( MD would ) ( ADVP ( RB still ) ) ( VP ( VB stand ) ( NP ( NP ( DT a ) ( JJ good ) ( NN chance ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG losing ) ( NP ( DT a ) ( NN country ) ) ) ) ) ) ) ) )

Even if he were to change his stripes and become another Milton Friedman however he would still stand a good chance of losing a country

( S ( NP-SBJ ( NNP Mr. ) ( NNP Krenz ) ) ( ADVP ( RB almost ) ( RB certainly ) ) ( VP ( MD will ) ( VP ( VB be ) ( NP-PRD ( NP ( DT a ) ( JJR younger ) ( NN version ) ) ( PP ( IN of ) ( NP ( NP ( NNP Erich ) ( NNP Honecker ) ) ( NP ( NP ( PRP$ his ) ( JJ rigid ) ( NN predecessor ) ) ( PP ( IN as ) ( NP ( NN dictator ) ) ) ) ) ) ) ) ) )

Mr. Krenz almost certainly will be a younger version of Erich Honecker his rigid predecessor as dictator

( S ( S ( NP-SBJ ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( VBZ has ) ( VP ( VBN followed ) ( NP ( NP ( RB much ) ( DT the ) ( JJ same ) ( NN career ) ( NN path ) ) ( PP ( IN as ) ( NP ( NNP Mr. ) ( NNP Honecker ) ) ) ) ) ) ) ( S ( NP-SBJ-2 ( DT Both ) ) ( VP ( VBD spent ) ( NP ( NNS years ) ) ( S-CLR ( VP ( VBG overseeing ) ( NP ( NP ( DT the ) ( NNP Freie ) ( NNP Deutsche ) ( NNP Jugend ) ) ( NP ( NP ( DT the ) ( NN youth ) ( NN group ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( DT the ) ( JJ communist ) ( NN regime ) ( POS 's ) ) ( JJ principal ) ( NN tool ) ) ( PP ( IN for ) ( S-NOM ( VP ( VBG stamping ) ( NP ( JJ young ) ( NNPS Germans ) ) ( PP-CLR ( IN into ) ( NP ( JJ socialist ) ( NNS citizens ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Krenz has followed much the same career path as Mr. Honecker Both spent years overseeing the Freie Deutsche Jugend the youth group that is the communist regime 's principal tool for stamping young Germans into socialist citizens

( S ( ADVP-TMP ( RBR More ) ( RB recently ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( VP ( VBZ has ) ( VP ( VBN been ) ( PP-PRD ( IN in ) ( NP ( NP ( NN charge ) ) ( PP ( IN of ) ( NP ( JJ East ) ( JJ German ) ( NN security ) ) ) ) ) ) ) ( CC and ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( JJS youngest ) ( NN member ) ) ( PP ( IN of ) ( NP ( DT the ) ( VBG ruling ) ( NNP Politburo ) ) ) ) ) ) )

More recently Mr. Krenz has been in charge of East German security and is the youngest member of the ruling Politburo

( S ( S-ADV ( VP ( VBN Faced ) ( PP-CLR ( IN with ) ( NP ( DT another ) ( NNP Mr. ) ( NNP Honecker ) ) ) ) ) ( NP-SBJ-1 ( NP ( ADJP ( RB so ) ( JJ many ) ) ( JJ despairing ) ( NNP East ) ( NNPS Germans ) ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB flee ) ) ) ) ) ( SBAR-2 ( IN that ) ( S ( NP-SBJ ( DT the ) ( CD two ) ( JJ German ) ( NNS peoples ) ) ( VP ( MD will ) ( VP ( VB get ) ( NP ( PRP$ their ) ( NN reunification ) ) ( ADVP ( FW de ) ( FW facto ) ) ( PP-LOC ( IN on ) ( NP ( JJ West ) ( JJ German ) ( NN ground ) ) ) ) ) ) ) ) )

Faced with another Mr. Honecker so many despairing East Germans are likely to flee that the two German peoples will get their reunification de facto on West German ground

( S ( CC But ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( NP ( NNP East ) ( NNP Germany ) ( POS 's ) ) ( JJ arthritic ) ( NNP Politburo ) ) ( VP ( VBZ does ) ( VP ( VB loosen ) ( PRT ( RP up ) ) ( ADVP ( RB enough ) ( S ( VP ( TO to ) ( VP ( VB permit ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( TO to ) ( VP ( VB make ) ( NP ( NP ( JJ serious ) ( NNS efforts ) ) ( PP ( IN at ) ( NP ( NN reform ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( MD will ) ( VP ( VB face ) ( NP ( NP ( DT a ) ( NN challenge ) ) ( ADJP ( RB just ) ( IN as ) ( JJ fundamental ) ) ) ) ) )

But if East Germany 's arthritic Politburo does loosen up enough to permit Mr. Krenz to make serious efforts at reform he will face a challenge just as fundamental

( S ( S-NOM-SBJ ( VP ( VBG Abandoning ) ( NP ( NN socialism ) ) ) ) ( VP ( NNS means ) ( S ( VP ( VBG abandoning ) ( NP ( NP ( NP ( NP ( DT the ) ( JJ East ) ( JJ German ) ( NN state ) ( POS 's ) ) ( NN reason ) ) ( PP ( IN for ) ( NP ( NN existence ) ) ) ) ( CC and ) ( PP ( IN with ) ( NP ( PRP it ) ) ) ( NP ( NP ( DT the ) ( NN justification ) ) ( PP ( IN for ) ( NP ( NP ( PRP$ its ) ( NNS watchdogs ) ) ( CC and ) ( NP ( PRP$ its ) ( NNP Wall ) ) ) ) ) ) ) ) ) )

Abandoning socialism means abandoning the East German state 's reason for existence and with it the justification for its watchdogs and its Wall

( S ( PP-LOC ( IN In ) ( NP ( DT this ) ( NN scenario ) ) ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ hard ) ) ( S-2 ( VP ( TO to ) ( VP ( VB imagine ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( DT a ) ( JJ pale ) ( NN imitation ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Federal ) ( NNP Republic ) ) ) ) ( VP ( MD could ) ( VP ( VB avoid ) ( S ( VP ( VBG being ) ( VP ( VBD pulled ) ( PP-DIR ( IN into ) ( NP ( NP ( NP ( DT some ) ( NN kind ) ) ( PP ( IN of ) ( NP ( NN tie ) ) ) ) ( ADJP ( JJ economic ) ( JJ federal ) ( CC or ) ( JJR stronger ) ) ( PP ( IN with ) ( NP ( NNP West ) ( NNP Germany ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

In this scenario it 's hard to imagine that a pale imitation of the Federal Republic could avoid being pulled into some kind of tie economic federal or stronger with West Germany

( S ( NP-SBJ-2 ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( MD may ) ( VP ( VB need ) ( NP ( NP ( DT a ) ( NN bit ) ) ( PP ( IN of ) ( NP ( NN time ) ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB consolidate ) ( NP ( PRP$ his ) ( NN empire ) ) ( SBAR-ADV ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD would ) ( VP ( VB do ) ( NP ( NP ( DT a ) ( NN lot ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB promote ) ( NP ( NNP Reunification ) ( NNP Scenario ) ( CD One ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Krenz may need a bit of time to consolidate his empire which would do a lot to promote Reunification Scenario One

( S ( NP-SBJ-1 ( NP ( NNP Cartoonists ) ) ( PP-LOC ( IN in ) ( NP ( NNP West ) ( NNP Germany ) ) ) ) ( VP ( VBP have ) ( ADVP-TMP ( RB already ) ) ( VP ( VBN mocked ) ( NP ( DT the ) ( NN exodus ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG imagining ) ( NP ( NP ( DT an ) ( NN advertisement ) ) ( VP ( VBN placed ) ( PP ( IN by ) ( NP-LGS ( NNP Mr. ) ( NNP Honecker ) ) ) ) ( SINV ( VP ( VBN Wanted ) ) ( NP-SBJ-2 ( CD one ) ( NN people ) ) ) ) ) ) ) ) ) )

Cartoonists in West Germany have already mocked the exodus by imagining an advertisement placed by Mr. Honecker Wanted one people

( S ( NP-SBJ-1 ( NP ( DT The ) ( ADJP ( JJ West ) ( JJ German ) ) ( NNS embassies ) ) ( PP ( IN in ) ( NP ( NNP Prague ) ( NNP Budapest ) ( CC and ) ( NNP Warsaw ) ) ) ) ( VP ( VBP are ) ( VP ( VBG continuing ) ( S ( VP ( TO to ) ( VP ( VB find ) ( NP ( NNS refugees ) ) ( PP-LOC-CLR ( IN at ) ( NP ( PRP$ their ) ( NNS gates ) ) ) ) ) ) ) ) )

The West German embassies in Prague Budapest and Warsaw are continuing to find refugees at their gates

( S ( PP ( IN Of ) ( NP ( NN course ) ) ) ( NP-SBJ-1 ( NNP East ) ( NNP Germany ) ) ( S-ADV ( ADJP-PRD ( JJ true ) ( PP ( TO to ) ( NP ( PRP$ its ) ( NN tradition ) ) ) ) ) ( VP ( MD could ) ( VP ( VB tighten ) ( NP ( PRP$ its ) ( NNS borders ) ) ( ADVP ( CC yet ) ( RBR further ) ) ) ) )

Of course East Germany true to its tradition could tighten its borders yet further

( S ( NP-SBJ ( NP ( CD Two ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ last ) ( NNS gestures ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Honecker ) ( NN regime ) ) ) ) ) ) ( VP ( VBD were ) ( S-PRD ( VP ( TO to ) ( VP ( VP ( VB close ) ( NP ( NP ( DT the ) ( NN border ) ) ( PP ( TO to ) ( NP ( NNP Czechoslovakia ) ) ) ) ) ( CC and ) ( VP ( VB install ) ( NP ( NN halogen ) ( NNS lights ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT some ) ( NNS spots ) ) ( PP-LOC ( IN along ) ( NP ( DT the ) ( NN frontier ) ) ) ) ) ) ) ) ) ) )

Two of the last gestures of the Honecker regime were to close the border to Czechoslovakia and install halogen lights in some spots along the frontier

( S ( CC But ) ( PP ( IN with ) ( NP ( NP ( JJ world-wide ) ( NN opinion ) ) ( PRN ( PP-LOC ( ADVP ( RB even ) ) ( ADVP ( RB apparently ) ) ( IN in ) ( NP ( NNP Moscow ) ) ) ) ( PP ( IN against ) ( NP ( NNP East ) ( NNP Germany ) ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NN country ) ) ( VP ( MD would ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( VB turn ) ( NP ( PRP itself ) ) ( PP-CLR ( IN into ) ( NP ( DT an ) ( NNP Albania ) ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB clamp ) ( PRT ( RP down ) ) ( ADVP ( RB further ) ) ( PP-CLR ( IN on ) ( NP ( NNS refugees ) ) ) ) ) ) ) ) )

But with world-wide opinion even apparently in Moscow against East Germany the country would have to turn itself into an Albania to clamp down further on refugees

( S ( NP-SBJ ( EX There ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( NP-PRD ( NP ( DT some ) ( NNS reports ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( VBZ is ) ( VP ( VBG moving ) ( S ( VP ( TO to ) ( VP ( VB soften ) ( NP ( PRP$ his ) ( NN reputation ) ) ) ) ) ) ) ) ) ) ( RB notably ) ( NP ( VBZ rumors ) ( SBAR ( IN that ) ( S-CLF ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( NP-PRD ( PRP he ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD kept ) ( NP ( NP ( NNP East ) ( NNP Germany ) ( POS 's ) ) ( NN state ) ( NN police ) ) ( PP-CLR ( IN off ) ( NP ( NP ( NNS protesters ) ( POS ' ) ) ( NNS backs ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NN country ) ( POS 's ) ) ( JJ dismal ) ( JJ 40th ) ( NN anniversary ) ( NNS celebrations ) ) ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN month ) ) ) ) ) ) ) ) ) ) ) ) )

There have been some reports that Mr. Krenz is moving to soften his reputation notably rumors that it was he who kept East Germany 's state police off protesters ' backs at the country 's dismal 40th anniversary celebrations earlier this month

( S ( CC But ) ( SBAR-ADV ( RB even ) ( IN if ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ effects ) ( NP ( DT a ) ( JJ Hyde-to-Jekyll ) ( NN transformation ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( MD will ) ( VP ( VB face ) ( NP ( NP ( DT a ) ( JJ serious ) ( JJ ideological ) ( NN crisis ) ) ( CC and ) ( NP ( NNP Reunification ) ( NNP Scenario ) ( CD Two ) ) ) ) ) )

But even if he effects a Hyde-to-Jekyll transformation he will face a serious ideological crisis and Reunification Scenario Two

( S ( NP-SBJ ( DT The ) ( NN problem ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( NN one ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( NP-SBJ ( NNP East ) ( NNP Germany ) ) ( VP ( NNS shares ) ( PP-CLR ( IN with ) ( NP ( NP ( JJ other ) ( NNS half-states ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NNP North ) ( NNP Korea ) ) ) ) ) ) ) ) ) ( CC but ) ( NP ( NP ( NN one ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD must ) ( VP ( VB shoulder ) ( ADVP ( RB alone ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP East ) ( NNP Bloc ) ) ) ) ) ) ) ) ) ) )

The problem is one that East Germany shares with other half-states such as North Korea but one it must shoulder alone in the East Bloc

( S ( S ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ-2 ( NNP Poland ) ) ( VP ( VBZ moves ) ( S ( VP ( TO to ) ( VP ( VB reform ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD can ) ( ADVP ( IN at ) ( JJS least ) ) ( VP ( VB lean ) ( PP-CLR ( IN on ) ( NP ( PRP$ its ) ( NN past ) ) ) ) ) ) ( S ( SBAR-ADV ( WHADJP-3 ( RB However ) ( JJ flawed ) ( CC and ) ( JJ short-lived ) ) ( S ( NP-SBJ ( NP ( NNP Joseph ) ( NNP Pilsudski ) ( POS 's ) ) ( JJ interwar ) ( NN republic ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( NP-PRD ( DT a ) ( JJ nonsocialist ) ( NN democracy ) ) ) ) )

When Poland moves to reform it can at least lean on its past However flawed and short-lived Joseph Pilsudski 's interwar republic it was a nonsocialist democracy

( S ( NP-SBJ ( JJ Czech ) ( NNS reformers ) ) ( VP ( MD can ) ( VP ( VB recall ) ( NP ( NP ( DT the ) ( JJ Wilsonian ) ( NNS ideals ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ same ) ( NN period ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ their ) ( NN country ) ) ) ) ) ) ) ) )

Czech reformers can recall the Wilsonian ideals of the same period in their country

( S ( NP-SBJ ( RB Even ) ( DT the ) ( NNP Soviet ) ( NNP Union ) ) ( VP ( VBZ has ) ( NP ( NP ( NNP Peter ) ( DT the ) ( NNP Great ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB rediscover ) ( SBAR-ADV ( SINV ( MD should ) ( NP-SBJ-2 ( PRP it ) ) ( VP ( VB choose ) ( S ( VP ( TO to ) ) ) ) ) ) ) ) ) ) ) ) )

Even the Soviet Union has Peter the Great to rediscover should it choose to

( S ( CC But ) ( NP-SBJ ( NNP East ) ( NNP Germany ) ) ( VP ( VBZ is ) ( ADVP ( RB merely ) ) ( NP-PRD ( NP ( DT the ) ( NN land ) ) ( PP ( IN of ) ( NP ( ADJP ( RB truly ) ( VBG existing ) ) ( NN socialism ) ) ) ) ) )

But East Germany is merely the land of truly existing socialism

( S ( PP ( IN Beyond ) ( NP ( DT that ) ) ) ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ has ) ( S ( VP ( TO to ) ( VP ( VB compete ) ( PP-CLR ( IN with ) ( NP ( NNP West ) ( NNP Germany ) ) ) ( PP-PRP ( IN for ) ( NP ( NP ( DT a ) ( NN claim ) ) ( PP ( TO to ) ( NP ( DT the ) ( JJ German ) ( NN identity ) ) ) ) ) ) ) ) ) )

Beyond that it has to compete with West Germany for a claim to the German identity

( S ( PP-TMP ( IN Up ) ( PP ( TO to ) ( NP ( RB now ) ) ) ) ( NP-SBJ ( NP ( DT the ) ( JJ main ) ( NN weapon ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN worker ) ( CC and ) ( NN peasant ) ( NN state ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( NP-PRD ( NP ( DT the ) ( NN ideology ) ) ( PP ( IN of ) ( NP ( NN socialism ) ) ) ) ) ) )

Up to now the main weapon of the worker and peasant state has been the ideology of socialism

( S ( PP ( IN With ) ( NP ( NP ( NN talk ) ) ( NP-TMP ( NN today ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ second ) ( JJ economic ) ( NN miracle ) ) ( PP-LOC ( IN in ) ( NP ( NNP West ) ( NNP Germany ) ) ) ) ) ) ) ( NP-SBJ-1 ( NNP East ) ( NNP Germany ) ) ( ADVP-TMP ( RB no ) ( RBR longer ) ) ( VP ( MD can ) ( VP ( VB content ) ( NP ( PRP itself ) ) ( PP-CLR ( IN with ) ( S-NOM ( VP ( VBG being ) ( NP-PRD ( NP ( DT the ) ( JJ economic ) ( NN star ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( JJ loser ) ( NN league ) ) ) ) ) ) ) ) ) )

With talk today of a second economic miracle in West Germany East Germany no longer can content itself with being the economic star in a loser league

( S ( PP ( IN Without ) ( NP ( NP ( NP ( NNP Moscow ) ( POS 's ) ) ( NN military ) ( CC and ) ( NN party ) ) ( PP-LOC ( IN behind ) ( NP ( PRP it ) ) ) ) ) ( NP-SBJ ( NNP East ) ( NNP Germany ) ) ( VP ( VBZ runs ) ( NP ( NP ( DT the ) ( NN risk ) ) ( PP ( IN of ) ( NP ( VBG disintegrating ) ) ) ) ) )

Without Moscow 's military and party behind it East Germany runs the risk of disintegrating

( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VP ( VBZ goes ) ( ADJP-PRD ( JJ capitalist ) ) ) ( CC and ) ( VP ( VBZ increases ) ( NP ( NP ( NN trade ) ) ( PP ( IN with ) ( NP ( NNP West ) ( NNP Germany ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB convert ) ( NP ( PRP itself ) ) ( ADVP-MNR ( RB willy-nilly ) ) ( PP-CLR ( IN into ) ( NP ( NP ( DT an ) ( JJ economic ) ( NN annex ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Federal ) ( NNP Republic ) ) ) ) ) ) ) )

If it goes capitalist and increases trade with West Germany it will convert itself willy-nilly into an economic annex of the Federal Republic

( S ( S ( NP-SBJ ( EX There ) ) ( VP ( VBZ 's ) ( NP-PRD ( DT a ) ( JJ certain ) ( JJ cruel ) ( NN logic ) ) ( PP-CLR ( IN at ) ( NP ( NN work ) ) ) ( ADVP-LOC ( RB here ) ) ) ) ( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( RB particularly ) ( JJ appropriate ) ( CC and ) ( JJ tragic ) ) ( SBAR-3 ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NN land ) ) ( SBAR ( WHNP-4 ( WDT that ) ) ( S ( VP ( VBD produced ) ( NP ( NNP Karl ) ( NNP Marx ) ) ) ) ) ) ( VP ( MD should ) ( VP ( VB prove ) ( NP-PRD ( NP ( NN socialism ) ( POS 's ) ) ( NN failure ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT an ) ( NN experiment ) ) ( SBAR ( WHNP-5 ( WDT that ) ) ( S ( VP ( VBZ uses ) ( NP ( PRP$ its ) ( JJ own ) ( NNS people ) ) ( PP-CLR ( IN as ) ( NP ( NNS controls ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

There 's a certain cruel logic at work here It 's particularly appropriate and tragic that the land that produced Karl Marx should prove socialism 's failure in an experiment that uses its own people as controls

( S ( NP-SBJ ( EX There ) ) ( VP ( MD may ) ( VP ( VB be ) ( NP-PRD ( NP ( NNS forces ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB delay ) ( NP ( DT this ) ( NN scenario ) ) ) ) ) ) ) ) ) )

There may be forces that would delay this scenario

( S ( S ( NP-SBJ ( NNS Ideologues ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( DT the ) ( JJ last ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB surrender ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNPS Germans ) ) ( VP ( VBP are ) ( NP-PRD ( DT an ) ( JJ ideological ) ( NNS people ) ) ) ) )

Ideologues are the last to surrender and Germans are an ideological people

( S ( S ( NP-SBJ ( NP ( DT The ) ( NNS protesters ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD greeted ) ( NP ( NNP Mikhail ) ( NNP Gorbachev ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP East ) ( NNP Berlin ) ( POS 's ) ) ( NN airport ) ) ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN month ) ) ) ) ) ) ( VP ( VBD were ) ( RB n't ) ( VP ( VBG shouting ) ( SINV ( VP ( VB Go ) ) ( NP-SBJ ( NNP U.S.A ) ) ) ) ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBG chanting ) ( S ( NP-VOC ( NNP Gorby ) ) ( VP ( VB Help ) ( NP ( PRP Us ) ) ) ) ) ) ) )

The protesters who greeted Mikhail Gorbachev at East Berlin 's airport earlier this month were n't shouting Go U.S.A they were chanting Gorby Help Us

( S ( NP-SBJ ( NP ( NNS Ideologues ) ) ( PP-LOC ( IN on ) ( NP ( NP ( DT the ) ( JJ other ) ( NN side ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN border ) ) ) ) ) ) ( VP ( MD can ) ( ADVP ( RB also ) ) ( VP ( VB slow ) ( NP ( DT the ) ( NN process ) ) ) ) )

Ideologues on the other side of the border can also slow the process

( S ( NP-SBJ-1 ( NP ( NNP Helmut ) ( NNP Kohl ) ( VBZ 's ) ) ( VBG governing ) ( JJ conservative ) ( NN coalition ) ) ( VP ( VBZ is ) ( VP ( VBG proving ) ( ADJP-PRD ( RB admirably ) ( JJ true ) ( PP ( TO to ) ( NP ( DT the ) ( JJ West ) ( JJ German ) ( NN constitution ) ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG making ) ( S ( NP-SBJ ( NP ( QP ( JJR more ) ( IN than ) ( CD 500,000 ) ) ( NNS people ) ) ( PP ( IN of ) ( NP ( JJ German ) ( NN descent ) ) ) ) ( NP-PRD ( JJ automatic ) ( NNS citizens ) ) ) ( NP-TMP ( NP ( DT this ) ( NN year ) ) ( ADVP ( RB alone ) ) ) ) ) ) ) ) )

Helmut Kohl 's governing conservative coalition is proving admirably true to the West German constitution by making more than 500,000 people of German descent automatic citizens this year alone

( S ( CC But ) ( PP-LOC ( PP ( IN within ) ( NP ( DT the ) ( NN government ) ) ) ( CC and ) ( PP ( IN in ) ( NP ( NP ( DT the ) ( VB think ) ( NNS tanks ) ) ( PP-LOC ( IN outside ) ( NP ( PRP it ) ) ) ) ) ) ( NP-SBJ ( JJ many ) ( NNP West ) ( NNPS Germans ) ) ( VP ( VBP maintain ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB want ) ( NP ( JJ immediate ) ( NN reunification ) ) ) ) ) ) ) )

But within the government and in the think tanks outside it many West Germans maintain that they do n't want immediate reunification

( S ( ADVP ( RB Politically ) ) ( NP-SBJ ( DT this ) ) ( ADVP-TMP ( RB currently ) ) ( VP ( VBZ is ) ( NP-PRD ( NN wisdom ) ) ( PP ( ADVP ( RB particularly ) ) ( VBN given ) ( NP ( DT a ) ( JJ nervous ) ( JJ neighboring ) ( NNP France ) ) ) ) )

Politically this currently is wisdom particularly given a nervous neighboring France

( S ( CC But ) ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ ironic ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( NP ( NNP Germany ) ( POS 's ) ) ( NN reunification ) ) ( PP ( ADVP ( RB just ) ) ( IN like ) ( NP ( PRP$ its ) ( NN division ) ) ) ( ADVP-TMP ( RB eventually ) ) ( VP ( VBD were ) ( NP-PRD ( NP ( DT the ) ( NN result ) ) ( PP ( IN of ) ( NP ( NP ( NNS actions ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNS centers ) ) ( PP ( IN of ) ( NP ( NN power ) ) ) ( ADVP ( JJ other ) ( PP ( IN than ) ( NP ( NNP Bonn ) ( CC and ) ( NNP Berlin ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But it would be ironic if Germany 's reunification just like its division eventually were the result of actions in centers of power other than Bonn and Berlin

( S ( PP-LOC ( IN In ) ( NP ( NP ( DT a ) ( NN statement ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD was ) ( ADJP-PRD ( ADJP ( RB as ) ( JJ close ) ) ( SBAR ( IN as ) ( S ( NP-SBJ ( NNP East ) ( NNP Germany ) ) ( VP ( VBZ gets ) ) ) ) ( PP-2 ( TO to ) ( S-NOM ( VP ( VBG practicing ) ( NP ( NN glasnost ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP Otto ) ( NNP Reinhold ) ) ( NP ( DT an ) ( ADJP ( JJ East ) ( JJ German ) ) ( NN party ) ( NN theorist ) ) ) ( ADVP ( RB actually ) ) ( VP ( VBD acknowledged ) ( NP ( DT the ) ( NN reunification ) ( NN dilemma ) ) ) )

In a statement that was as close as East Germany gets to practicing glasnost Otto Reinhold an East German party theorist actually acknowledged the reunification dilemma

( S-1 ( NP-SBJ ( DT The ) ( JJ main ) ( NN problem ) ) ( PRN ( S ( NP-SBJ ( NNP Mr. ) ( NNP Reinhold ) ) ( VP ( VBD said ) ( PP-LOC ( IN in ) ( NP ( NP ( DT an ) ( ADJP ( JJ East ) ( JJ German ) ) ( NN radio ) ( NN interview ) ) ( VP ( VBN monitored ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Radio ) ( NNP Free ) ( NNP Europe ) ) ( PP-LOC ( IN in ) ( NP ( NNP Munich ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ stems ) ( PP-CLR ( IN from ) ( NP ( DT the ) ( NN fact ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNP GDR ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ different ) ( PP ( IN from ) ( NP ( JJ other ) ( ADJP ( JJ East ) ( JJ European ) ) ( NNS states ) ) ) ) ) ) ) ) ) ) )

The main problem Mr. Reinhold said in an East German radio interview monitored by Radio Free Europe in Munich stems from the fact that the GDR is different from other East European states

( SBARQ-2 ( WHNP-1 ( WHNP ( WDT What ) ( NN kind ) ) ( PP ( IN of ) ( NP ( NN right ) ( S ( VP ( TO to ) ( VP ( VB exist ) ) ) ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD asked ) ) ) ) ( SQ ( MD would ) ( NP-SBJ ( DT a ) ( JJ capitalist ) ( NNP German ) ( NNP Democratic ) ( NNP Republic ) ) ( VP ( VBP have ) ( PP-LOC ( IN alongside ) ( NP ( DT a ) ( JJ capitalist ) ( NNP Federal ) ( NNP Republic ) ) ) ) ) )

What kind of right to exist he asked would a capitalist German Democratic Republic have alongside a capitalist Federal Republic

( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT a ) ( NN question ) ) ( SBAR ( S ( NP-SBJ ( NNP East ) ( NNP Germany ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB answer ) ( ADVP-MNR ( RB easily ) ) ( ADVP ( DT no ) ( NN matter ) ( SBAR ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ ( PRP$ its ) ( JJ new ) ( NN leader ) ) ( VP ( VBZ does ) ) ) ) ) ) ) ) ) ) ) )

That 's a question East Germany ca n't answer easily no matter what its new leader does

( S ( NP-SBJ ( NNP Miss ) ( NNP Shlaes ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( JJ editorial ) ( NNS features ) ( NN editor ) ) ( PP ( IN of ) ( NP ( DT The ) ( NNP Wall ) ( NNP Street ) ( NNP Journal\/Europe ) ) ) ) ) )

Miss Shlaes is editorial features editor of The Wall Street Journal\/Europe

( S ( NP-SBJ ( NP-TTL ( DT The ) ( JJ New ) ( NN Crowd ) ) ( PP ( IN by ) ( NP ( NP ( NNP Judith ) ( NNP Ramsey ) ( NNP Ehrlich ) ) ( CC and ) ( NP ( NNP Barry ) ( NNP J. ) ( NNP Rehfeld ) ) ) ) ( PRN ( NP ( NNP Little ) ( NNP Brown ) ) ( NP ( CD 444 ) ( NNS pages ) ) ( NP ( CD 19.95 ) ) ) ) ( VP ( VBZ describes ) ( NP ( NP ( DT the ) ( NN displacing ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ old ) ( PRP$ our ) ( NN crowd ) ( JJ Jewish ) ( NNP Wall ) ( NNP Street ) ( NN banking ) ( NNS grandees ) ) ) ( PP ( IN by ) ( NP ( NP ( JJ such ) ( JJ new ) ( NN business ) ( NNS barons ) ) ( PP ( IN as ) ( NP ( NP ( NNP Saul ) ( NNP Steinberg ) ) ( NP ( NNP Carl ) ( NNP Icahn ) ) ( NP ( NNP Sanford ) ( NNP Weill ) ) ( CC and ) ( NP ( NNP Bruce ) ( NNP Wasserstein ) ) ) ) ) ) ) ) )

The New Crowd by Judith Ramsey Ehrlich and Barry J. Rehfeld Little Brown 444 pages 19.95 describes the displacing of the old our crowd Jewish Wall Street banking grandees by such new business barons as Saul Steinberg Carl Icahn Sanford Weill and Bruce Wasserstein

( S ( NP-SBJ ( PRP$ Its ) ( JJ many ) ( JJ lively ) ( NNS stories ) ) ( VP ( VBP include ) ( NP ( DT the ) ( NNP Gutfreund-Postel ) ( NN holiday ) ( NN cheer ) ( NN imbroglio ) ) ) )

Its many lively stories include the Gutfreund-Postel holiday cheer imbroglio

( S ( NP-SBJ ( DT These ) ( CD two ) ( NNP New ) ( NNP Crowd ) ( NNS families ) ) ( VP ( VBD lived ) ( PP-LOC-CLR ( IN in ) ( NP ( DT the ) ( JJ same ) ( NN apartment ) ( NN building ) ) ) ( SBAR-ADV ( IN with ) ( S ( NP-SBJ ( DT the ) ( NNP Postel ) ( NN penthouse ) ) ( VP ( VBN perched ) ( PP-LOC-CLR ( IN on ) ( NP ( NP ( NN top ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Gutfreund ) ( NN duplex ) ) ) ) ) ) ) ) ) )

These two New Crowd families lived in the same apartment building with the Postel penthouse perched on top of the Gutfreund duplex

( S ( S ( NP-SBJ ( DT The ) ( NN penthouse ) ( NN elevator ) ) ( VP ( VBD started ) ( ADVP-DIR ( RB up ) ) ( PP-DIR ( IN from ) ( NP ( DT the ) ( NNP Gutfreund ) ( NN landing ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( NNP Susan ) ( NNP Gutfreund ) ) ( VP ( VBD used ) ( S ( VP ( TO to ) ( VP ( VB turn ) ( PRT ( RP off ) ) ( NP-PRD ( PRP$ its ) ( NN light ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB give ) ( NP ( DT the ) ( NN impression ) ( SBAR ( IN that ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBD was ) ( NP-PRD ( DT no ) ( JJR higher ) ( NN floor ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The penthouse elevator started up from the Gutfreund landing and Susan Gutfreund used to turn off its light to give the impression that there was no higher floor

( S ( ADVP-TMP ( RB Eventually ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Postel ) ) ( VP ( VBD broke ) ( NP ( PRP$ his ) ( NN toe ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN dark ) ) ) ) )

Eventually Mr. Postel broke his toe in the dark

( S ( RB Then ) ( NP-SBJ-1 ( DT the ) ( NNPS Gutfreunds ) ) ( VP ( VBD determined ) ( S ( VP ( TO to ) ( VP ( VB put ) ( PRT ( RP up ) ) ( NP ( NP ( DT a ) ( JJ 22-foot ) ( NNP Christmas ) ( NN tree ) ) ( VP ( VBG weighing ) ( NP ( NP ( DT a ) ( NN quarter ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN ton ) ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB amaze ) ( NP ( PRP$ their ) ( NN holiday ) ( NNS guests ) ) ) ) ) ) ) ) ) )

Then the Gutfreunds determined to put up a 22-foot Christmas tree weighing a quarter of a ton to amaze their holiday guests

( S ( PP-PRP ( IN For ) ( NP ( DT this ) ) ) ( NP-SBJ-2 ( DT a ) ( NN crane ) ) ( VP ( VBD needed ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN mounted ) ( PP-LOC-CLR ( IN on ) ( NP ( NP ( DT the ) ( NNPS Postels ) ( POS ' ) ) ( NN terrace ) ) ) ) ) ) ) ) )

For this a crane needed to be mounted on the Postels ' terrace

( S ( NP-SBJ ( DT The ) ( NNPS Postels ) ) ( VP ( VBD did ) ( RB not ) ( VP ( VB give ) ( NP ( NN permission ) ) ) ) )

The Postels did not give permission

( S ( CC But ) ( NP-SBJ-2 ( DT the ) ( NNP Gutfreund ) ( NNS workers ) ) ( VP ( VBD went ) ( ADVP-CLR ( RB ahead ) ) ( ADVP ( RB anyway ) ) ( S-ADV ( ADVP ( RB only ) ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN captured ) ( ADVP-MNR ( FW in ) ( FW flagrante ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Joan ) ( NNP Postel ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD called ) ( NP ( DT the ) ( NN police ) ) ) ) ) ) ) ) ) ) ) ) )

But the Gutfreund workers went ahead anyway only to be captured in flagrante by Joan Postel who called the police

( S ( SBAR-TMP ( IN Before ) ( S ( NP-SBJ ( DT the ) ( NNPS Gutfreunds ) ) ( ADVP-TMP ( RB finally ) ) ( VP ( VBD left ) ( NP ( DT this ) ( JJ unfriendly ) ( NN environment ) ) ( PP-CLR ( IN for ) ( NP ( NP ( NP ( DT a ) ( JJ prodigious ) ( NN duplex ) ) ( PP-LOC ( IN on ) ( NP ( NNP Fifth ) ( NNP Avenue ) ) ) ) ( CC and ) ( NP ( NP ( DT an ) ( JJ 18th-century ) ( NN mansion ) ) ( PP ( IN with ) ( NP ( DT a ) ( ADJP ( RB specially ) ( VBN excavated ) ) ( ADJP ( QP ( CD 1 ) ( CD million ) ) ) ( NN garage ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Paris ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNPS Postels ) ) ( VP ( VBD had ) ( VP ( VBN obtained ) ( NP ( NP ( DT an ) ( NN injunction ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB prevent ) ( NP ( NP ( DT any ) ( NN future ) ( NN hoisting ) ) ( PP ( IN of ) ( NP ( NNS trees ) ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( PP ( IN in ) ( NP ( DT a ) ( JJ neighborly ) ( NN spirit ) ) ) ( VBD hit ) ( NP ( DT both ) ( NP ( DT the ) ( NNPS Gutfreunds ) ) ( CC and ) ( NP ( DT the ) ( NN building ) ) ) ( PP-CLR ( IN with ) ( NP ( DT a ) ( ADJP ( QP ( CD 35 ) ( CD million ) ) ) ( NN lawsuit ) ) ) ) ) )

Before the Gutfreunds finally left this unfriendly environment for a prodigious duplex on Fifth Avenue and an 18th-century mansion with a specially excavated 1 million garage in Paris the Postels had obtained an injunction to prevent any future hoisting of trees and in a neighborly spirit hit both the Gutfreunds and the building with a 35 million lawsuit

( S-1 ( NP-SBJ ( NN Nothing ) ( RBR less ) ) ( PRN ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD seemed ) ) ) ) ( VP ( MD could ) ( VP ( VB console ) ( NP ( PRP them ) ) ( PP ( IN for ) ( NP ( PRP$ their ) ( NNS traumas ) ) ) ) ) )

Nothing less it seemed could console them for their traumas

( SBARQ ( WHNP-1 ( WRB Where ) ) ( SQ ( VBD had ) ( NP-SBJ ( PDT all ) ( DT the ) ( NN money ) ) ( VP ( VBN come ) ( PP-DIR ( IN from ) ) ) ) )

Where had all the money come from

( S ( NP-SBJ-2 ( DT The ) ( JJ young ) ( NNP John ) ( NNP Gutfreund ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VP ( VBN discovered ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Billy ) ( NNP Salomon ) ) ( PP ( IN of ) ( NP ( NNP Salomon ) ( NNP Bros. ) ) ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD was ) ( ADVP-TMP ( RB still ) ) ( NP-PRD ( DT a ) ( JJ bearded ) ( NN liberal ) ) ) ) ) ) ( CC and ) ( VP ( VBN put ) ( S ( VP ( TO to ) ( VP ( VB work ) ( PP-CLR ( PP ( IN as ) ( NP ( DT a ) ( NN trader ) ) ) ( CC and ) ( RB then ) ( PP ( IN as ) ( NP ( DT a ) ( JJ rough-and-tumble ) ( NN syndicator ) ) ) ) ) ) ) ) ) ) ) )

The young John Gutfreund had been discovered by Billy Salomon of Salomon Bros. when he was still a bearded liberal and put to work as a trader and then as a rough-and-tumble syndicator

( S ( S-TPC-1 ( S-TPC-2 ( VP ( VB Get ) ( PP-CLR ( IN off ) ( NP ( PRP$ your ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( MD would ) ( VP ( VB bellow ) ) ) ) ( VP ( VBP say ) ) ( NP-SBJ ( DT the ) ( NNS authors ) ) )

Get off your he would bellow say the authors

( S ( S-ADV ( VP ( VBG Rising ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN firm ) ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD became ) ( ADJP-PRD ( JJ powerful ) ( CC and ) ( JJ bland ) ) ( SBAR-ADV ( IN though ) ( S ( NP-SBJ ( NP ( PRP$ his ) ( JJ new ) ( NN wife ) ) ( NP ( NNP Susan ) ) ) ( VP ( VBD made ) ( S ( NP-SBJ ( PRP him ) ) ( VP ( VB shine ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN gossip ) ( NNS columns ) ) ) ( PP ( IN with ) ( NP ( NP ( PRP$ her ) ( JJ profligate ) ( NN spending ) ( NNS habits ) ) ( CC and ) ( NP ( JJ flamboyant ) ( NNS frocks ) ) ) ) ) ) ) ) ) ) )

Rising in the firm he became powerful and bland though his new wife Susan made him shine in the gossip columns with her profligate spending habits and flamboyant frocks

( S ( SBAR-TMP ( IN After ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( NP-PRD ( NP ( NN head ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN company ) ) ) ) ( PP-TMP ( IN for ) ( NP ( CD 3 ) ( CD 1\/2 ) ( NNS years ) ) ) ) ) ) ) ( NP-SBJ ( NP ( PRP he ) ) ( CC and ) ( NP ( PRP$ his ) ( NNS partners ) ) ) ( VP ( VBD sold ) ( NP ( PRP it ) ) ( PP-DTV ( TO to ) ( NP ( NP ( NNP Phibro ) ) ( NP ( DT a ) ( JJ powerful ) ( NN commodity ) ( NN trading ) ( NN outfit ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( CD 550 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NNP Phibro ) ( NN stock ) ) ) ) ) ) )

After he had been head of the company for 3 1\/2 years he and his partners sold it to Phibro a powerful commodity trading outfit for 550 million in Phibro stock

( S ( NP-SBJ-3 ( NP ( JJ Limited ) ( NN partner ) ( NNP Billy ) ( NNP Salomon ) ) ( SBAR ( SBAR ( WHNP-1 ( WP$ whose ) ( NN family ) ( NN name ) ) ( S ( VP ( VBD had ) ( VP ( VBN been ) ( PP-LOC-PRD ( IN on ) ( NP ( NP ( DT the ) ( NN firm ) ( POS 's ) ) ( NN door ) ) ) ( PP-TMP ( IN for ) ( NP ( CD 70 ) ( NNS years ) ) ) ) ) ) ) ( CC and ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD had ) ( VP ( VBN hoped ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADVP-LOC-PRD ( RB there ) ) ( ADVP-TMP ( RB forever ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD was ) ( RB not ) ( VP ( VBN consulted ) ) ) )

Limited partner Billy Salomon whose family name had been on the firm 's door for 70 years and who had hoped it would be there forever was not consulted

( S ( NP-SBJ ( NNP Mr. ) ( NNP Gutfreund ) ) ( VP ( VBD collected ) ( NP ( QP ( CD 32 ) ( CD million ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( NNP Billy ) ( NNP Salomon ) ) ( VP ( VBD got ) ( NP ( NP ( QP ( CD 10 ) ( CD million ) ) ) ( ADJP ( ADJP ( RB much ) ( JJR less ) ) ( PP ( IN than ) ( SBAR ( IN if ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD had ) ( VP ( VBN conducted ) ( NP ( DT the ) ( NN sale ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Gutfreund collected 32 million while Billy Salomon got 10 million much less than if he had conducted the sale

( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBD felt ) ( ADJP-PRD ( VBN betrayed ) ) ) ) ( NP-SBJ ( PRP he ) ) ( ADVP-TMP ( RB later ) ) ( VP ( VBD said ) ) )

I felt betrayed he later said

( S ( ADVP ( RBR Worse ) ) ( NP-SBJ ( NP ( NNP Salomon ) ( POS 's ) ) ( NN timing ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( ADVP-PRD ( RB off ) ) ) ) )

Worse Salomon 's timing had been off

( S ( S ( NP-SBJ ( PRP$ Its ) ( NNS profits ) ) ( PP ( IN unlike ) ( NP ( NNP Phibro ) ( POS 's ) ) ) ( VP ( VBD soared ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( JJ next ) ( CD two ) ( NNS years ) ) ) ) ) ( CC and ) ( S ( SBAR-ADV ( SINV ( VBD had ) ( NP-SBJ ( PRP it ) ) ( VP ( VBN held ) ( PRT ( RP out ) ) ) ) ) ( NP-SBJ ( NNP Salomon ) ) ( VP ( MD could ) ( VP ( VB have ) ( VP ( VBN gotten ) ( NP ( DT an ) ( ADJP ( RB even ) ( JJR bigger ) ) ( NN bundle ) ) ) ) ) ) )

Its profits unlike Phibro 's soared over the next two years and had it held out Salomon could have gotten an even bigger bundle

( S ( NP-SBJ ( DT The ) ( NN book ) ) ( ADVP ( RB also ) ) ( VP ( VBZ recounts ) ( NP ( NP ( DT the ) ( ADJP ( RB not ) ( JJ dissimilar ) ) ( NNS maneuvers ) ) ( VP ( VBG surrounding ) ( NP ( NP ( DT the ) ( NN changing ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN guard ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Lehman ) ( NNP Bros. ) ) ( CC and ) ( NP ( JJ other ) ( JJ grand ) ( JJ old ) ( NNS firms ) ) ) ) ) ) ) ) )

The book also recounts the not dissimilar maneuvers surrounding the changing of the guard at Lehman Bros. and other grand old firms

( S ( S ( ADVP-TMP ( RB Often ) ) ( NP-SBJ-1 ( DT the ) ( ADJP ( JJ genteel ) ( JJ conservative ) ( JJ long-term-oriented ) ) ( NN investment ) ( NNS bankers ) ) ( VP ( VBD were ) ( VP ( VBN displaced ) ( PP ( IN by ) ( NP-LGS ( JJ crude ) ( NNS traders ) ) ) ) ) ) ( S ( S-TPC-4 ( SBAR ( WHADVP-3 ( WRB When ) ) ( S ( VP ( VBN angered ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD cursed ) ( ADVP-MNR ( ADVP ( RB so ) ( RB forcefully ) ) ( SBAR ( IN that ) ( S ( S ( NP-SBJ ( PRP$ his ) ( NN face ) ) ( VP ( VB reddened ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP$ his ) ( JJ pale-blue ) ( NNS eyes ) ) ( VP ( VBD narrowed ) ( PP-CLR ( IN into ) ( NP ( JJ tiny ) ( NNS slits ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNS authors ) ) ( VP ( VBP say ) ( PP-CLR ( IN of ) ( NP ( NP ( NNP Lehman ) ( POS 's ) ) ( NNP Lewis ) ( NNP Glucksman ) ) ) ) ) )

Often the genteel conservative long-term-oriented investment bankers were displaced by crude traders When angered he cursed so forcefully that his face reddened and his pale-blue eyes narrowed into tiny slits the authors say of Lehman 's Lewis Glucksman

( S ( NP-SBJ ( NP ( NP ( DT The ) ( JJR earlier ) ( NN generation ) ) ( PP ( IN of ) ( NP ( PRP$ our ) ( NN crowd ) ( NNS bankers ) ) ) ) ( NP ( NNPS Belmonts ) ( NNPS Warburgs ) ( NNPS Lehmans ) ( NNPS Baches ) ( CC and ) ( NNPS Schiffs ) ) ) ( VP ( VBD had ) ( VP ( VBN stressed ) ( PP ( IN above ) ( NP ( DT all ) ) ) ( NP ( NN probity ) ( NN tradition ) ( NN continuity ) ( CC and ) ( NN reputation ) ) ) ) )

The earlier generation of our crowd bankers Belmonts Warburgs Lehmans Baches and Schiffs had stressed above all probity tradition continuity and reputation

( S ( NP-SBJ ( PRP They ) ) ( VP ( VBD were ) ( NP-PRD ( NP ( JJ old-fashioned ) ( JJ elegant ) ( NNS gentlemen ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD happened ) ( S ( VP ( TO to ) ( VP ( VB be ) ( PP-PRD ( IN of ) ( NP ( JJ German ) ( JJ Jewish ) ( NN extraction ) ) ) ) ) ) ) ) ) ) ) )

They were old-fashioned elegant gentlemen who happened to be of German Jewish extraction

( S ( CC But ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ harsh ) ( NN world ) ) ( PP ( IN of ) ( NP ( NP ( NN today ) ( POS 's ) ) ( NNP Wall ) ( NNP Street ) ) ) ) ) ( NP-SBJ ( PRP they ) ) ( VP ( VBP have ) ( VP ( VBN lost ) ( PRT ( RP out ) ) ( PP-CLR ( TO to ) ( NP ( ADJP ( ADJP ( RBR more ) ( JJ aggressive ) ) ( CC and ) ( ADJP ( RB sometimes ) ( RBR less ) ( JJ scrupulous ) ) ) ( NNS successors ) ) ) ) ) )

But in the harsh world of today 's Wall Street they have lost out to more aggressive and sometimes less scrupulous successors

( S ( NP-SBJ ( DT The ) ( NN cuckoo ) ) ( VP ( VP ( VBZ prefers ) ( NP ( NP ( DT the ) ( NNS nests ) ) ( PP ( IN of ) ( NP ( JJ other ) ( NNS birds ) ) ) ) ) ( CC and ) ( VP ( VBD heaves ) ( PRT ( RP out ) ) ( NP ( PRP$ their ) ( NNS eggs ) ) ) ) )

The cuckoo prefers the nests of other birds and heaves out their eggs

( S ( S ( CC But ) ( NP-SBJ ( DT the ) ( JJ old ) ( NN guard ) ) ( VP ( VBD hired ) ( NP ( DT the ) ( NNP New ) ( NNP Crowd ) ( NNS people ) ) ) ) ( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD brought ) ( ADVP-DIR ( IN in ) ) ( NP ( PRP$ its ) ( JJ own ) ( NNS cuckoos ) ) ) ) )

But the old guard hired the New Crowd people It brought in its own cuckoos