diff --git "a/test.tsv" "b/test.tsv" new file mode 100644--- /dev/null +++ "b/test.tsv" @@ -0,0 +1,49378 @@ +Rockwell B-NP B-NP +International I-NP I-NP +Corp. I-NP I-NP +'s B-NP B-NP +Tulsa I-NP I-NP +unit I-NP I-NP +said B-VP B-VP +it B-NP B-NP +signed B-VP B-VP +a B-NP B-NP +tentative I-NP I-NP +agreement I-NP I-NP +extending B-VP B-VP +its B-NP B-NP +contract I-NP I-NP +with B-PP B-PP +Boeing B-NP B-NP +Co. I-NP I-NP +to B-VP B-VP +provide I-VP I-VP +structural B-NP B-NP +parts I-NP I-NP +for B-PP B-PP +Boeing B-NP B-NP +'s B-NP B-NP +747 I-NP I-NP +jetliners I-NP I-NP +. O O + +Rockwell B-NP B-NP +said B-VP B-VP +the B-NP B-NP +agreement I-NP I-NP +calls B-VP B-VP +for B-SBAR B-SBAR +it B-NP B-NP +to B-VP B-VP +supply I-VP I-VP +200 B-NP B-NP +additional I-NP I-NP +so-called I-NP I-NP +shipsets I-NP I-NP +for B-PP B-PP +the B-NP B-NP +planes I-NP I-NP +. O O + +These B-NP B-NP +include B-VP B-VP +, O O +among B-PP B-PP +other B-NP B-NP +parts I-NP I-NP +, O O +each B-NP B-NP +jetliner I-NP I-NP +'s B-NP B-NP +two I-NP I-NP +major I-NP I-NP +bulkheads I-NP I-NP +, O O +a B-NP B-NP +pressure I-NP I-NP +floor I-NP I-NP +, O O +torque B-NP B-NP +box I-NP I-NP +, O O +fixed B-NP B-NP +leading I-NP I-NP +edges I-NP I-NP +for B-PP B-PP +the B-NP B-NP +wings I-NP I-NP +and O O +an B-NP B-NP +aft I-NP I-NP +keel I-NP I-NP +beam I-NP I-NP +. O O + +Under B-PP B-PP +the B-NP B-NP +existing I-NP I-NP +contract I-NP I-NP +, O O +Rockwell B-NP B-NP +said B-VP B-VP +, O O +it B-NP B-NP +has B-VP B-VP +already I-VP I-VP +delivered I-VP I-VP +793 B-NP B-NP +of B-PP B-PP +the B-NP B-NP +shipsets I-NP I-NP +to B-PP B-PP +Boeing B-NP B-NP +. O O + +Rockwell B-NP B-NP +, O O +based B-VP B-VP +in B-PP B-PP +El B-NP B-NP +Segundo I-NP I-NP +, O O +Calif. B-NP B-NP +, O O +is B-VP B-VP +an B-NP B-NP +aerospace I-NP I-NP +, I-NP I-NP +electronics I-NP I-NP +, I-NP I-NP +automotive I-NP I-NP +and I-NP I-NP +graphics I-NP I-NP +concern I-NP I-NP +. O O + +Frank B-NP B-NP +Carlucci I-NP I-NP +III I-NP I-NP +was B-VP B-VP +named I-VP I-VP +to B-PP B-PP +this B-NP B-NP +telecommunications I-NP I-NP +company I-NP I-NP +'s B-NP B-NP +board I-NP I-NP +, O O +filling B-VP B-VP +the B-NP B-NP +vacancy I-NP I-NP +created B-VP B-VP +by B-PP B-PP +the B-NP B-NP +death I-NP I-NP +of B-PP B-PP +William B-NP B-NP +Sobey I-NP I-NP +last B-NP B-NP +May I-NP I-NP +. O O + +Mr. B-NP B-NP +Carlucci I-NP I-NP +, O O +59 B-NP B-NP +years I-NP I-NP +old B-ADJP B-ADJP +, O O +served B-VP B-VP +as B-PP B-PP +defense B-NP B-NP +secretary I-NP I-NP +in B-PP B-PP +the B-NP B-NP +Reagan I-NP I-NP +administration I-NP I-NP +. O O + +In B-PP B-PP +January B-NP B-NP +, O O +he B-NP B-NP +accepted B-VP B-VP +the B-NP B-NP +position I-NP I-NP +of B-PP B-PP +vice B-NP B-NP +chairman I-NP I-NP +of B-PP B-PP +Carlyle B-NP B-NP +Group I-NP I-NP +, O O +a B-NP B-NP +merchant I-NP I-NP +banking I-NP I-NP +concern I-NP I-NP +. O O + +SHEARSON B-NP B-NP +LEHMAN I-NP I-NP +HUTTON I-NP I-NP +Inc I-NP I-NP +. O O + +Thomas B-NP B-NP +E. I-NP I-NP +Meador I-NP I-NP +, O O +42 B-NP B-NP +years I-NP I-NP +old B-ADJP B-ADJP +, O O +was B-VP B-VP +named I-VP I-VP +president B-NP B-NP +and O O +chief B-NP B-NP +operating I-NP I-NP +officer I-NP I-NP +of B-PP B-PP +Balcor B-NP B-NP +Co. I-NP I-NP +, O O +a B-NP B-NP +Skokie I-NP I-NP +, I-NP I-NP +Ill. I-NP I-NP +, I-NP I-NP +subsidiary I-NP I-NP +of B-PP B-PP +this B-NP B-NP +New I-NP I-NP +York I-NP I-NP +investment I-NP I-NP +banking I-NP I-NP +firm I-NP I-NP +. O O + +Balcor B-NP B-NP +, O O +which B-NP B-NP +has B-VP B-VP +interests B-NP B-NP +in B-PP B-PP +real B-NP B-NP +estate I-NP I-NP +, O O +said B-VP B-VP +the B-NP B-NP +position I-NP I-NP +is B-VP B-VP +newly I-VP I-VP +created I-VP I-VP +. O O + +Mr. B-NP B-NP +Meador I-NP I-NP +had B-VP B-VP +been I-VP I-VP +executive B-NP B-NP +vice I-NP I-NP +president I-NP I-NP +of B-PP B-PP +Balcor B-NP B-NP +. O O + +In B-PP B-PP +addition B-NP B-NP +to B-PP B-PP +his B-NP B-NP +previous I-NP I-NP +real-estate I-NP I-NP +investment I-NP I-NP +and I-NP I-NP +asset-management I-NP I-NP +duties I-NP I-NP +, O O +Mr. B-NP B-NP +Meador I-NP I-NP +takes B-VP B-VP +responsibility B-NP B-NP +for B-PP B-PP +development B-NP B-NP +and O I-NP +property B-NP I-NP +management I-NP I-NP +. O O + +Those B-NP B-NP +duties I-NP I-NP +had B-VP B-VP +been I-VP I-VP +held I-VP I-VP +by B-PP B-PP +Van B-NP B-NP +Pell I-NP I-NP +, O O +44 B-NP B-NP +, O O +who B-NP B-NP +resigned B-VP B-VP +as B-PP B-PP +an B-NP B-NP +executive I-NP I-NP +vice I-NP I-NP +president I-NP I-NP +. O O + +Shearson B-NP B-NP +is B-VP B-VP +about B-ADJP B-NP +60%-held I-ADJP I-NP +by B-PP B-PP +American B-NP B-NP +Express I-NP I-NP +Co I-NP I-NP +. O O + +Great B-NP B-NP +American I-NP I-NP +Bank I-NP I-NP +, O O +citing B-VP B-VP +depressed B-NP B-NP +Arizona I-NP I-NP +real I-NP I-NP +estate I-NP I-NP +prices I-NP I-NP +, O O +posted B-VP B-VP +a B-NP B-NP +third-quarter I-NP I-NP +loss I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +59.4 I-NP I-NP +million I-NP I-NP +, O O +or O O +$ B-NP B-NP +2.48 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +A B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +, O O +the B-NP B-NP +savings I-NP I-NP +bank I-NP I-NP +had B-VP B-VP +earnings B-NP B-NP +of B-PP B-PP +$ B-NP B-NP +8.1 I-NP I-NP +million I-NP I-NP +, O O +or O O +33 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +For B-PP B-PP +the B-NP B-NP +nine I-NP I-NP +months I-NP I-NP +, O O +it B-NP B-NP +had B-VP B-VP +a B-NP B-NP +loss I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +58.3 I-NP I-NP +million I-NP I-NP +, O O +or O O +$ B-NP B-NP +2.44 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +after B-PP B-PP +earnings B-NP B-NP +of B-PP B-PP +$ B-NP B-NP +29.5 I-NP I-NP +million I-NP I-NP +, O O +or O O +$ B-NP B-NP +1.20 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +in B-PP B-PP +the B-NP B-NP +1988 I-NP I-NP +period I-NP I-NP +. O O + +Great B-NP B-NP +American I-NP I-NP +said B-VP B-VP +it B-NP B-NP +increased B-VP B-VP +its B-NP B-NP +loan-loss I-NP I-NP +reserves I-NP I-NP +by B-PP B-PP +$ B-NP B-NP +93 I-NP I-NP +million I-NP I-NP +after B-PP B-PP +reviewing B-VP B-VP +its B-NP B-NP +loan I-NP I-NP +portfolio I-NP I-NP +, O O +raising B-VP B-VP +its B-NP B-NP +total I-NP I-NP +loan I-NP I-NP +and I-NP I-NP +real I-NP I-NP +estate I-NP I-NP +reserves I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +217 I-NP I-NP +million I-NP I-NP +. O O + +Before B-PP B-PP +the B-NP B-NP +loan-loss I-NP I-NP +addition I-NP I-NP +, O O +it B-NP B-NP +said B-VP B-VP +, O O +it B-NP B-NP +had B-VP B-VP +operating B-NP B-NP +profit I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +10 I-NP I-NP +million I-NP I-NP +for B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +. O O + +The B-NP B-NP +move I-NP I-NP +followed B-VP B-VP +a B-NP B-NP +round I-NP I-NP +of B-PP B-PP +similar B-NP B-NP +increases I-NP I-NP +by B-PP B-PP +other B-NP B-NP +lenders I-NP I-NP +against B-PP B-PP +Arizona B-NP B-NP +real I-NP I-NP +estate I-NP I-NP +loans I-NP I-NP +, O O +reflecting B-VP B-VP +a B-NP B-NP +continuing I-NP I-NP +decline I-NP I-NP +in B-PP B-PP +that B-NP B-NP +market I-NP I-NP +. O O + +In B-PP B-PP +addition B-NP B-NP +to B-PP B-PP +the B-NP B-NP +increased I-NP I-NP +reserve I-NP I-NP +, O O +the B-NP B-NP +savings I-NP I-NP +bank I-NP I-NP +took B-VP B-VP +a B-NP B-NP +special I-NP I-NP +charge I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +5 I-NP I-NP +million I-NP I-NP +representing B-VP B-VP +general B-NP B-NP +and I-NP I-NP +administrative I-NP I-NP +expenses I-NP I-NP +from B-PP B-PP +staff B-NP B-NP +reductions I-NP I-NP +and O O +other B-NP B-NP +matters I-NP I-NP +, O O +and O O +it B-NP B-NP +posted B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +7.6 I-NP I-NP +million I-NP I-NP +reduction I-NP I-NP +in B-PP B-PP +expected B-NP B-NP +mortgage I-NP I-NP +servicing I-NP I-NP +fees I-NP I-NP +, O O +reflecting B-VP B-VP +the B-NP B-NP +fact I-NP I-NP +that B-SBAR B-SBAR +more B-NP B-NP +borrowers I-NP I-NP +are B-VP B-VP +prepaying I-VP I-VP +their B-NP B-NP +mortgages I-NP I-NP +. O O + +Arbitragers B-NP B-NP +were B-VP B-VP +n't O O +the B-NP B-NP +only I-NP I-NP +big I-NP I-NP +losers I-NP I-NP +in B-PP B-PP +the B-NP B-NP +collapse I-NP I-NP +of B-PP B-PP +UAL B-NP B-NP +Corp. I-NP I-NP +stock I-NP I-NP +. O O + +Look B-VP B-VP +at B-PP B-PP +what B-NP B-NP +happened B-VP B-VP +to B-PP B-PP +UAL B-NP B-NP +'s B-NP B-NP +chairman I-NP I-NP +, O O +Stephen B-NP B-NP +M. I-NP I-NP +Wolf I-NP I-NP +, O O +and O O +its B-NP B-NP +chief I-NP I-NP +financial I-NP I-NP +officer I-NP I-NP +, O O +John B-NP B-NP +C. I-NP I-NP +Pope I-NP I-NP +. O O + +On B-PP B-PP +a B-NP B-NP +day I-NP I-NP +some B-NP B-NP +United I-NP I-NP +Airlines I-NP I-NP +employees I-NP I-NP +wanted B-VP B-VP +Mr. B-NP B-NP +Wolf I-NP I-NP +fired B-VP B-VP +and O O +takeover B-NP B-NP +stock I-NP I-NP +speculators I-NP I-NP +wanted B-VP B-VP +his B-NP B-NP +scalp I-NP I-NP +, O O +Messrs. B-NP B-NP +Wolf I-NP I-NP +and I-NP I-NP +Pope I-NP I-NP +saw B-VP B-VP +their B-NP B-NP +prospective I-NP I-NP +personal I-NP I-NP +fortunes I-NP I-NP +continue B-VP B-VP +to I-VP I-VP +plummet I-VP I-VP +as B-SBAR B-SBAR +shares B-NP B-NP +of B-PP B-PP +UAL B-NP B-NP +, O O +United B-NP B-NP +'s B-NP B-NP +parent I-NP I-NP +company I-NP I-NP +, O O +dived B-VP B-VP +$ B-NP B-NP +24.875 I-NP I-NP +on B-PP B-PP +the B-NP B-NP +Big I-NP I-NP +Board I-NP I-NP +to B-VP B-VP +close I-VP I-VP +at B-PP B-PP +$ B-NP B-NP +198 I-NP I-NP +. O O + +Including O B-PP +Monday B-NP B-NP +'s B-NP B-NP +plunge I-NP I-NP +, O O +that B-NP B-NP +has B-VP B-VP +given I-VP I-VP +the B-NP B-NP +two I-NP I-NP +executives I-NP I-NP +paper B-NP B-NP +losses I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +49.5 I-NP I-NP +million I-NP I-NP +, O O +based B-VP B-PP +on B-PP B-PP +what B-NP B-NP +they B-NP B-NP +would B-VP B-VP +have I-VP I-VP +realized I-VP I-VP +had O B-VP +the B-NP B-NP +pilots I-NP I-NP +and I-NP I-NP +management-led I-NP I-NP +buy-out I-NP I-NP +of B-PP B-PP +UAL B-NP B-NP +gone B-VP B-VP +through B-ADVP B-ADVP +at B-PP B-PP +$ B-NP B-NP +300 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +When B-ADVP B-ADVP +bank B-NP B-NP +financing I-NP I-NP +for B-PP B-PP +the B-NP B-NP +buy-out I-NP I-NP +collapsed B-VP B-VP +last B-NP B-NP +week I-NP I-NP +, O O +so B-ADVP B-ADVP +did O B-VP +UAL B-NP B-NP +'s B-NP B-NP +stock I-NP I-NP +. O O + +Even B-ADVP B-SBAR +if B-SBAR I-SBAR +the B-NP B-NP +banks I-NP I-NP +resurrect B-VP B-VP +a B-NP B-NP +financing I-NP I-NP +package I-NP I-NP +at B-PP B-PP +$ B-NP B-NP +250 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +the B-NP B-NP +two I-NP I-NP +executives I-NP I-NP +would B-VP B-VP +still I-VP I-VP +get I-VP I-VP +about B-NP B-NP +$ I-NP I-NP +25 I-NP I-NP +million I-NP I-NP +less B-NP B-ADJP +than B-SBAR B-SBAR +they B-NP B-NP +stood B-VP B-VP +to I-VP I-VP +gain I-VP I-VP +in B-PP B-PP +the B-NP B-NP +initial I-NP I-NP +transaction I-NP I-NP +. O O + +Mr. B-NP B-NP +Wolf I-NP I-NP +owns B-VP B-VP +75,000 B-NP B-NP +UAL I-NP I-NP +shares I-NP I-NP +and O O +has B-VP B-VP +options B-NP B-NP +to B-VP B-VP +buy I-VP I-VP +another B-NP B-NP +250,000 I-NP I-NP +at B-PP B-PP +$ B-NP B-NP +83.3125 I-NP I-NP +each B-NP B-NP +. O O + +In B-PP B-PP +the B-NP B-NP +$ I-NP I-NP +300-a-share I-NP I-NP +buyout I-NP I-NP +, O O +that B-NP B-NP +totaled B-VP B-VP +about B-NP B-NP +$ I-NP I-NP +76.7 I-NP I-NP +million I-NP I-NP +. O O + +By B-PP B-PP +yesterday B-NP B-NP +'s B-NP B-NP +close I-NP I-NP +of B-PP B-PP +trading B-NP B-NP +, O O +it B-NP B-NP +was B-VP B-VP +good B-ADJP B-ADJP +for B-PP B-PP +a B-NP B-NP +paltry I-NP I-NP +$ I-NP I-NP +43.5 I-NP I-NP +million I-NP I-NP +. O O + +Of B-PP B-PP +course B-NP B-NP +, O O +Mr. B-NP B-NP +Wolf I-NP I-NP +, O O +48 B-NP B-NP +years I-NP I-NP +old B-ADJP B-ADJP +, O O +has B-VP B-VP +some B-NP B-NP +savings I-NP I-NP +. O O + +He B-NP B-NP +left B-VP B-VP +his B-NP B-NP +last I-NP I-NP +two I-NP I-NP +jobs I-NP I-NP +at B-PP B-PP +Republic B-NP B-NP +Airlines I-NP I-NP +and O O +Flying B-NP B-NP +Tiger I-NP I-NP +with B-PP B-PP +combined B-NP B-NP +stock-option I-NP I-NP +gains I-NP I-NP +of B-PP B-PP +about B-NP B-NP +$ I-NP I-NP +22 I-NP I-NP +million I-NP I-NP +, O O +and O O +UAL B-NP B-NP +gave B-VP B-VP +him B-NP B-NP +a B-NP B-NP +$ I-NP I-NP +15 I-NP I-NP +million I-NP I-NP +bonus I-NP I-NP +when B-ADVP B-ADVP +it B-NP B-NP +hired B-VP B-VP +him B-NP B-NP +. O O + +His B-NP B-NP +1988 I-NP I-NP +salary I-NP I-NP +was B-VP B-VP +$ B-NP B-NP +575,000 I-NP I-NP +, O O +with B-PP B-PP +a B-NP B-NP +$ I-NP I-NP +575,000 I-NP I-NP +bonus I-NP I-NP +. O O + +The B-NP B-NP +40-year I-NP I-NP +old I-NP I-NP +Mr. I-NP I-NP +Pope I-NP I-NP +has B-VP B-VP +n't I-VP I-VP +changed I-VP I-VP +jobs B-NP B-NP +enough B-ADVP B-ADVP +-- O O +at B-PP B-ADVP +least B-ADJP I-ADVP +the B-NP B-NP +right I-NP I-NP +ones I-NP I-NP +-- O O +to B-VP B-VP +stash I-VP I-VP +away B-ADVP B-ADVP +that B-NP B-NP +kind I-NP I-NP +of B-PP B-PP +money B-NP B-NP +. O O + +United B-NP B-NP +paid B-VP B-VP +him B-NP B-NP +a B-NP B-NP +$ I-NP I-NP +375,000 I-NP I-NP +bonus I-NP I-NP +to B-VP B-VP +lure I-VP I-VP +him B-NP B-NP +away B-PP B-ADVP +from B-PP B-PP +American B-NP B-NP +Airlines I-NP I-NP +, O O +and O O +he B-NP B-NP +was B-VP B-VP +paid I-VP I-VP +a B-NP B-NP +salary I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +342,122 I-NP I-NP +last B-NP B-NP +year I-NP I-NP +with B-PP B-PP +a B-NP B-NP +$ I-NP I-NP +280,000 I-NP I-NP +bonus I-NP I-NP +. O O + +Mr. B-NP B-NP +Pope I-NP I-NP +owns B-VP B-VP +10,000 B-NP B-NP +UAL I-NP I-NP +shares I-NP I-NP +and O O +has B-VP B-VP +options B-NP B-NP +to B-VP B-VP +buy I-VP I-VP +another B-NP B-NP +150,000 I-NP I-NP +at B-PP B-PP +$ B-NP B-NP +69 I-NP I-NP +each B-NP B-NP +. O O + +That B-NP B-NP +came B-VP B-VP +to B-PP B-PP +a B-NP B-NP +combined I-NP I-NP +$ I-NP I-NP +37.7 I-NP I-NP +million I-NP I-NP +under B-PP B-PP +the B-NP B-NP +$ I-NP I-NP +300-a-share I-NP I-NP +buy-out I-NP I-NP +, O O +but O O +just B-NP B-NP +$ I-NP I-NP +21.3 I-NP I-NP +million I-NP I-NP +at B-PP B-PP +yesterday B-NP B-NP +'s B-NP B-NP +close I-NP I-NP +. O O + +Of B-PP B-PP +the B-NP B-NP +combined I-NP I-NP +$ I-NP I-NP +114.4 I-NP I-NP +million I-NP I-NP +the B-NP B-NP +two I-NP I-NP +men I-NP I-NP +were B-VP B-VP +scheduled I-VP I-VP +to I-VP I-VP +reap I-VP I-VP +under B-PP B-PP +the B-NP B-NP +buy-out I-NP I-NP +, O O +they B-NP B-NP +agreed B-VP B-VP +to I-VP I-VP +invest I-VP I-VP +in B-PP B-PP +the B-NP B-NP +buy-out I-NP I-NP +just B-NP B-NP +$ I-NP I-NP +15 I-NP I-NP +million I-NP I-NP +, O O +angering B-VP B-VP +many B-NP B-NP +of B-PP B-PP +the B-NP B-NP +thousands I-NP I-NP +of B-PP B-PP +workers B-NP B-NP +asked B-VP B-VP +to B-VP B-VP +make I-VP I-VP +pay B-NP B-NP +concessions I-NP I-NP +so B-SBAR B-SBAR +the B-NP B-NP +buy-out I-NP I-NP +would B-VP B-VP +be I-VP I-VP +a B-NP B-NP +success I-NP I-NP +. O O + +United B-NP B-NP +'s B-NP B-NP +directors I-NP I-NP +voted B-VP B-VP +themselves B-NP B-NP +, O O +and O O +their B-NP B-NP +spouses I-NP I-NP +, O O +lifetime B-NP B-NP +access I-NP I-NP +to B-PP B-PP +the B-NP B-NP +Friendly I-NP I-NP +Skies I-NP I-NP +-- O O +free B-NP B-NP +first-class I-NP I-NP +travel I-NP I-NP +, O O +and O O +$ B-NP B-NP +20,000 I-NP I-NP +a B-NP B-NP +year I-NP I-NP +for B-PP B-PP +life B-NP B-NP +as B-ADVP B-ADVP +well I-ADVP I-ADVP +. O O + +Conceivably B-ADVP B-ADVP +, O O +in B-PP B-PP +a B-NP B-NP +scaled-back I-NP I-NP +buy-out I-NP I-NP +, O O +they B-NP B-NP +could B-VP B-VP +be I-VP I-VP +bumped I-VP I-VP +back B-ADVP B-ADVP +to B-PP B-PP +coach B-NP B-NP +seats I-NP I-NP +for B-PP B-PP +life B-NP B-NP +. O O + +Thomas B-NP B-NP +H. I-NP I-NP +Johnson I-NP I-NP +, O O +president B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Coatedboard I-NP I-NP +division I-NP I-NP +of B-PP B-PP +Mead B-NP B-NP +Corp. I-NP I-NP +, O O +was B-VP B-VP +named I-VP I-VP +president B-NP B-NP +of B-PP B-PP +Manville B-NP B-NP +Forest I-NP I-NP +Products I-NP I-NP +Corp. I-NP I-NP +, O O +a B-NP B-NP +Manville I-NP I-NP +unit I-NP I-NP +, O O +and O O +senior B-NP B-NP +vice I-NP I-NP +president I-NP I-NP +of B-PP B-PP +Manville B-NP B-NP +Corp I-NP I-NP +. O O + +Mr. B-NP B-NP +Johnson I-NP I-NP +succeeds B-VP B-VP +Harry B-NP B-NP +W. I-NP I-NP +Sherman I-NP I-NP +, O O +who B-NP B-NP +resigned B-VP B-VP +to B-VP B-VP +pursue I-VP I-VP +other B-NP B-NP +interests I-NP I-NP +, O O +in B-PP B-PP +both B-NP B-NP +positions I-NP I-NP +. O O + +Manville B-NP B-NP +is B-VP B-VP +a B-NP B-NP +building I-NP I-NP +and I-NP I-NP +forest I-NP I-NP +products I-NP I-NP +concern I-NP I-NP +. O O + +US B-NP B-NP +Facilities I-NP I-NP +Corp. I-NP I-NP +said B-VP B-VP +Robert B-NP B-NP +J. I-NP I-NP +Percival I-NP I-NP +agreed B-VP B-VP +to I-VP I-VP +step I-VP I-VP +down B-ADVP B-PRT +as B-PP B-PP +vice B-NP B-NP +chairman I-NP I-NP +of B-PP B-PP +the B-NP B-NP +insurance I-NP I-NP +holding I-NP I-NP +company I-NP I-NP +. O O + +`` O O +There B-NP B-NP +was B-VP B-VP +a B-NP B-NP +difference I-NP I-NP +of B-PP B-PP +opinion B-NP B-NP +as B-PP B-PP +to B-PP B-PP +the B-NP B-NP +future I-NP I-NP +direction I-NP I-NP +of B-PP B-PP +the B-NP B-NP +company I-NP I-NP +, O O +'' O O +a B-NP B-NP +spokeswoman I-NP I-NP +said B-VP B-VP +. O O + +Mr. B-NP B-NP +Percival I-NP I-NP +declined B-VP B-VP +to I-VP I-VP +comment I-VP I-VP +. O O + +In B-PP B-PP +a B-NP B-NP +statement I-NP I-NP +, O O +US B-NP B-NP +Facilities I-NP I-NP +said B-VP B-VP +Mr. B-NP B-NP +Percival I-NP I-NP +'s B-NP B-NP +employment I-NP I-NP +contract I-NP I-NP +calls B-VP B-VP +for B-SBAR B-SBAR +him B-NP B-NP +to B-VP B-VP +act I-VP I-VP +as B-PP B-PP +a B-NP B-NP +consultant I-NP I-NP +to B-PP B-PP +the B-NP B-NP +company I-NP I-NP +for B-PP B-PP +two B-NP B-NP +years I-NP I-NP +. O O + +He B-NP B-NP +will B-VP B-VP +also I-VP I-VP +remain I-VP I-VP +a B-NP B-NP +director I-NP I-NP +, O O +US B-NP B-NP +Facilities I-NP I-NP +said B-VP B-VP +, O O +but O O +wo B-VP B-VP +n't I-VP I-VP +serve I-VP I-VP +on B-PP B-PP +any B-NP B-NP +board I-NP I-NP +committees I-NP I-NP +. O O + +Mr. B-NP B-NP +Percival I-NP I-NP +will B-VP B-VP +be I-VP I-VP +succeeded I-VP I-VP +on B-PP B-PP +an B-NP B-NP +interim I-NP I-NP +basis I-NP I-NP +by B-PP B-PP +George B-NP B-NP +Kadonada I-NP I-NP +, O O +US B-NP B-NP +Facilities I-NP I-NP +chairman I-NP I-NP +and I-NP I-NP +president I-NP I-NP +. O O + +In B-PP B-PP +the B-NP B-NP +same I-NP I-NP +statement I-NP I-NP +, O O +US B-NP B-NP +Facilities I-NP I-NP +also B-ADVP B-ADVP +said B-VP B-VP +it B-NP B-NP +had B-VP B-VP +bought I-VP I-VP +back B-ADVP B-ADVP +112,000 B-NP B-NP +of B-PP B-PP +its B-NP B-NP +common I-NP I-NP +shares I-NP I-NP +in B-PP B-PP +a B-NP B-NP +private I-NP I-NP +transaction I-NP I-NP +. O O + +Terms B-NP B-NP +were B-VP B-VP +n't I-VP I-VP +disclosed I-VP I-VP +. O O + +The B-NP B-NP +buy-back I-NP I-NP +represents B-VP B-VP +about B-NP B-NP +3 I-NP I-NP +% I-NP I-NP +of B-PP B-PP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +shares I-NP I-NP +, O O +based B-VP B-PP +on B-PP B-PP +the B-NP B-NP +3.7 I-NP I-NP +million I-NP I-NP +shares I-NP I-NP +outstanding B-ADJP B-ADJP +as B-PP B-PP +of B-PP B-PP +Sept. B-NP B-NP +30 I-NP I-NP +. O O + +In B-PP B-PP +national B-NP B-NP +over-the-counter I-NP I-NP +trading I-NP I-NP +yesterday B-NP B-NP +, O O +US B-NP B-NP +Facilities I-NP I-NP +closed B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +3.625 I-NP I-NP +, O O +unchanged B-ADJP B-ADJP +. O O + +Three B-NP B-NP +leading I-NP I-NP +drug I-NP I-NP +companies I-NP I-NP +reported B-VP B-VP +robust B-NP B-NP +third-quarter I-NP I-NP +earnings I-NP I-NP +, O O +bolstered B-VP B-VP +by B-PP B-PP +strong B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +newer B-NP B-NP +, I-NP I-NP +big-selling I-NP I-NP +prescriptions I-NP I-NP +drugs I-NP I-NP +that B-NP B-NP +provide B-VP B-VP +hefty B-NP B-NP +profit I-NP I-NP +margins I-NP I-NP +. O O + +Merck B-NP B-NP +& I-NP I-NP +Co. I-NP I-NP +reported B-VP B-VP +a B-NP B-NP +25 I-NP I-NP +% I-NP I-NP +increase I-NP I-NP +in B-PP B-PP +earnings B-NP B-NP +; O O +Warner-Lambert B-NP B-NP +Co. I-NP I-NP +'s B-NP B-NP +profit I-NP I-NP +rose B-VP B-VP +22 B-NP B-NP +% I-NP I-NP +and O O +Eli B-NP B-NP +Lilly I-NP I-NP +& I-NP I-NP +Co. I-NP I-NP +'s B-NP B-NP +net I-NP I-NP +income I-NP I-NP +rose B-VP B-VP +24 B-NP B-NP +% I-NP I-NP +. O O + +The B-NP B-NP +results I-NP I-NP +were B-VP B-VP +in B-PP B-PP +line B-NP B-NP +with B-PP B-PP +analysts B-NP B-NP +' B-NP B-NP +expectations I-NP I-NP +. O O + +Merck B-NP B-NP +& I-NP I-NP +Co I-NP I-NP +. O O + +Merck B-NP B-NP +, O O +Rahway B-NP B-NP +, O O +N.J. B-NP B-NP +, O O +continued B-VP B-VP +to I-VP I-VP +lead I-VP I-VP +the B-NP B-NP +industry I-NP I-NP +with B-PP B-PP +a B-NP B-NP +strong I-NP I-NP +sales I-NP I-NP +performance I-NP I-NP +in B-PP B-PP +the B-NP B-NP +human I-NP I-NP +and I-NP I-NP +animal I-NP I-NP +health-products I-NP I-NP +segment I-NP I-NP +. O O + +A B-NP B-NP +stronger I-NP I-NP +U.S. I-NP I-NP +dollar I-NP I-NP +reduced B-VP B-VP +third-quarter B-NP B-NP +and I-NP I-NP +first-nine-month I-NP I-NP +sales I-NP I-NP +growth I-NP I-NP +2 B-NP B-NP +% I-NP I-NP +and I-NP O +3 I-NP B-NP +% I-NP I-NP +, O O +respectively B-ADVP B-ADVP +. O O + +International B-NP B-NP +sales I-NP I-NP +accounted B-VP B-VP +for B-PP B-PP +47 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +total B-NP B-NP +company I-NP I-NP +sales I-NP I-NP +for B-PP B-PP +the B-NP B-NP +nine I-NP I-NP +months I-NP I-NP +, O O +compared B-PP B-PP +with B-PP B-PP +50 B-NP B-NP +% I-NP I-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +Sales B-NP B-NP +for B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +rose B-VP B-VP +to B-PP B-PP +$ B-NP B-NP +1.63 I-NP I-NP +billion I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +1.47 I-NP I-NP +billion I-NP I-NP +. O O + +Mevacor B-NP B-NP +, O O +Merck B-NP B-NP +'s B-NP B-NP +new I-NP I-NP +cholesterol-lowering I-NP I-NP +drug I-NP I-NP +, O O +had B-VP B-VP +higher B-NP B-NP +sales I-NP I-NP +than B-SBAR B-SBAR +any B-NP B-NP +other I-NP I-NP +prescription I-NP I-NP +medicine I-NP I-NP +has B-VP B-VP +ever I-VP I-VP +achieved I-VP I-VP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +in B-PP B-PP +the B-NP B-NP +year I-NP I-NP +following B-PP B-PP +introduction B-NP B-NP +, O O +the B-NP B-NP +company I-NP I-NP +said B-VP B-VP +. O O + +The B-NP B-NP +drug I-NP I-NP +was B-VP B-VP +introduced I-VP I-VP +in B-PP B-PP +West B-NP B-NP +Germany I-NP I-NP +this B-NP B-NP +year I-NP I-NP +. O O + +Intense B-NP B-NP +competition I-NP I-NP +, O O +however B-ADVP B-ADVP +, O O +led B-VP B-VP +to B-PP B-PP +unit B-NP B-NP +sales I-NP I-NP +declines I-NP I-NP +for B-PP B-PP +a B-NP B-NP +group I-NP I-NP +of B-PP B-PP +Merck B-NP B-NP +'s B-NP B-NP +established I-NP I-NP +human I-NP I-NP +and I-NP I-NP +animal-health I-NP I-NP +products I-NP I-NP +, O O +including B-PP B-PP +Aldomet B-NP B-NP +and I-NP I-NP +Indocin I-NP I-NP +. O O + +In B-PP B-PP +New B-NP B-NP +York I-NP I-NP +Stock I-NP I-NP +Exchange I-NP I-NP +composite I-NP I-NP +trading I-NP I-NP +yesterday B-NP B-NP +, O O +Merck B-NP B-NP +shares I-NP I-NP +closed B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +75.25 I-NP I-NP +, O O +up B-ADVP B-ADVP +50 B-NP B-NP +cents I-NP I-NP +. O O + +Warner-Lambert B-NP B-NP +Co I-NP I-NP +. O O + +Warner-Lambert B-NP B-NP +, O O +Morris B-NP B-NP +Plains I-NP I-NP +, O O +N.J. B-NP B-NP +, O O +reported B-VP B-VP +sales B-NP B-NP +that B-NP B-NP +were B-VP B-VP +a B-NP B-NP +record I-NP I-NP +for B-PP B-PP +any B-NP B-NP +quarter I-NP I-NP +and O O +the B-NP B-NP +eighth I-NP I-NP +quarter I-NP I-NP +in B-PP B-PP +a B-NP B-NP +row I-NP I-NP +of B-PP B-PP +20 B-NP B-NP +% I-NP I-NP +or I-NP I-NP +more I-NP I-NP +per-share I-NP I-NP +earnings I-NP I-NP +growth I-NP I-NP +. O O + +Spurred B-VP B-VP +by B-PP B-PP +growth B-NP B-NP +in B-PP B-PP +world-wide B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +prescription I-NP I-NP +drugs I-NP I-NP +, O O +Warner-Lambert B-NP B-NP +said B-VP B-VP +1989 B-NP B-NP +will B-VP B-VP +be I-VP I-VP +the B-NP B-NP +best I-NP I-NP +year I-NP I-NP +in B-PP B-PP +its B-NP B-NP +history I-NP I-NP +, O O +with B-SBAR B-SBAR +per-share B-NP B-NP +earnings I-NP I-NP +expected B-VP B-VP +to I-VP I-VP +increase I-VP I-VP +more B-NP B-NP +than I-NP I-NP +20 I-NP I-NP +% I-NP I-NP +to B-PP B-PP +about B-NP B-NP +$ I-NP I-NP +6.10 I-NP I-NP +. O O + +Sales B-NP B-NP +for B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +rose B-VP B-VP +to B-PP B-PP +$ B-NP B-NP +1.11 I-NP I-NP +billion I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +1.03 I-NP I-NP +billion I-NP I-NP +. O O + +Prescription-drug B-NP B-NP +world-wide I-NP I-NP +sales I-NP I-NP +rose B-VP B-VP +9 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +340 I-NP I-NP +million I-NP I-NP +; O O +U.S. B-NP B-NP +sales I-NP I-NP +rose B-VP B-VP +15 B-NP B-NP +% I-NP I-NP +. O O + +The B-NP B-NP +segment I-NP I-NP +'s B-NP B-NP +growth I-NP I-NP +was B-VP B-VP +led I-VP I-VP +by B-PP B-PP +sales B-NP B-NP +of B-PP B-PP +the B-NP B-NP +cardiovascular I-NP I-NP +drugs I-NP I-NP +Lopid B-NP B-NP +, O O +a B-NP B-NP +lipid I-NP I-NP +regulator I-NP I-NP +, O O +and O O +Dilzem B-NP B-NP +, O O +a B-NP B-NP +calcium I-NP I-NP +channel I-NP I-NP +blocker I-NP I-NP +. O O + +World-wide B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +Warner-Lambert B-NP B-NP +'s B-NP B-NP +non-prescription I-NP I-NP +health-care I-NP I-NP +products I-NP I-NP +, O O +such B-PP B-PP +as I-PP I-PP +Halls B-NP B-NP +cough I-NP I-NP +tablets I-NP I-NP +, O O +Rolaids B-NP B-NP +antacid I-NP I-NP +, O O +and O O +Lubriderm B-NP B-NP +skin I-NP I-NP +lotion I-NP I-NP +, O O +increased B-VP B-VP +3 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +362 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +the B-NP B-NP +third I-NP I-NP +quarter I-NP I-NP +; O O +U.S. B-NP B-NP +sales I-NP I-NP +rose B-VP B-VP +5 B-NP B-NP +% I-NP I-NP +. O O + +Confectionery B-NP B-NP +products I-NP I-NP +sales I-NP I-NP +also B-ADVP B-ADVP +had B-VP B-VP +strong B-NP B-NP +growth I-NP I-NP +in B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +. O O + +World-wide B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +Trident B-NP B-NP +gum I-NP I-NP +, O O +Certs B-NP B-NP +breath I-NP I-NP +mints I-NP I-NP +, O O +and O O +Clorets B-NP B-NP +gum I-NP I-NP +and I-NP O +breath I-NP B-NP +mints I-NP I-NP +, O O +increased B-VP B-VP +12 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +277 I-NP I-NP +million I-NP I-NP +. O O + +Warner-Lambert B-NP B-NP +shares I-NP I-NP +closed B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +109.50 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +up B-ADVP B-ADVP +$ B-NP B-NP +1.50 I-NP I-NP +, O O +in B-PP B-PP +Big B-NP B-NP +Board I-NP I-NP +composite I-NP I-NP +trading I-NP I-NP +yesterday B-NP B-NP +. O O + +Eli B-NP B-NP +Lilly I-NP I-NP +& I-NP I-NP +Co I-NP I-NP +. O O + +Lilly B-NP B-NP +attributed B-VP B-VP +record B-NP B-NP +third-quarter I-NP I-NP +and I-NP I-NP +nine-month I-NP I-NP +results I-NP I-NP +to B-PP B-PP +world-wide B-NP B-NP +gains I-NP I-NP +for B-PP B-PP +pharmaceuticals B-NP B-NP +, O O +medical B-NP B-NP +instruments I-NP I-NP +and O O +plant-science B-NP B-NP +products I-NP I-NP +despite B-PP B-PP +poor B-NP B-NP +exchange I-NP I-NP +rates I-NP I-NP +for B-PP B-PP +the B-NP B-NP +dollar I-NP I-NP +that B-NP B-NP +slowed B-VP B-VP +sales B-NP B-NP +abroad B-ADVP B-ADVP +. O O + +Earnings B-NP B-NP +continued B-VP B-VP +to I-VP I-VP +pace I-VP I-VP +sales B-NP B-NP +because B-PP B-PP +of I-PP I-PP +a B-NP B-NP +lower I-NP I-NP +tax I-NP I-NP +rate I-NP I-NP +, O O +profit B-NP B-NP +from B-PP B-PP +the B-NP B-NP +renegotiation I-NP I-NP +of B-PP B-PP +the B-NP B-NP +debt I-NP I-NP +instrument I-NP I-NP +received B-VP B-VP +from B-PP B-PP +Faberge B-NP B-NP +Inc. I-NP I-NP +in B-PP B-PP +connection B-NP B-NP +with B-PP B-PP +Lilly B-NP B-NP +'s B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +Elizabeth B-NP B-NP +Arden I-NP I-NP +Inc. I-NP I-NP +in B-PP B-PP +1987 B-NP B-NP +, O O +and O O +net B-NP B-NP +proceeds I-NP I-NP +from B-PP B-PP +the B-NP B-NP +settlement I-NP I-NP +of B-PP B-PP +patent B-NP B-NP +litigation I-NP I-NP +at B-PP B-PP +Lilly B-NP B-NP +'s B-NP B-NP +Hybritech I-NP I-NP +Inc. I-NP I-NP +unit I-NP I-NP +. O O + +Third-quarter B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Indianapolis I-NP I-NP +, I-NP I-NP +Ind. I-NP I-NP +, I-NP I-NP +company I-NP I-NP +rose B-VP B-VP +11 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +1.045 I-NP I-NP +billion I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +940.6 I-NP I-NP +million I-NP I-NP +. O O + +Nine-month B-NP B-NP +sales I-NP I-NP +grew B-VP B-VP +12 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +3.39 I-NP I-NP +billion I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +3.03 I-NP I-NP +billion I-NP I-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +Sales B-NP B-NP +of B-PP B-PP +Prozac B-NP B-NP +, O O +an B-NP B-NP +anti-depressant I-NP I-NP +, O O +led B-VP B-VP +drug-sales B-NP B-NP +increases I-NP I-NP +. O O + +Higher B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +pesticides B-NP B-NP +and O O +other B-NP B-NP +plant-science I-NP I-NP +products I-NP I-NP +more B-VP B-VP +than I-VP I-VP +offset I-VP I-VP +a B-NP B-NP +slight I-NP I-NP +decline I-NP I-NP +in B-PP B-PP +the B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +animal-health B-NP B-NP +products I-NP I-NP +to B-VP B-VP +fuel I-VP I-VP +the B-NP B-NP +increase I-NP I-NP +in B-PP B-PP +world-wide B-NP B-NP +agricultural I-NP I-NP +product I-NP I-NP +sales I-NP I-NP +, O O +Lilly B-NP B-NP +said B-VP B-VP +. O O + +Advanced B-NP B-NP +Cardiovascular I-NP I-NP +Systems I-NP I-NP +Inc. I-NP I-NP +and O O +Cardiac B-NP B-NP +Pacemakers I-NP I-NP +Inc. I-NP I-NP +units I-NP I-NP +led B-VP B-VP +growth B-NP B-NP +in B-PP B-PP +the B-NP B-NP +medical-instrument I-NP I-NP +systems I-NP I-NP +division I-NP I-NP +. O O + +Lilly B-NP B-NP +shares I-NP I-NP +closed B-VP B-VP +yesterday B-NP B-NP +in B-PP B-PP +composite B-NP B-NP +trading I-NP I-NP +on B-PP B-PP +the B-NP B-NP +Big I-NP I-NP +Board I-NP I-NP +at B-PP B-PP +$ B-NP B-NP +62.25 I-NP I-NP +, O O +down B-ADVP B-ADVP +12.5 B-NP B-NP +cents I-NP I-NP +. O O + +Reuben B-NP B-NP +Mark I-NP I-NP +, O O +chairman B-NP B-NP +of B-PP B-PP +Colgate-Palmolive B-NP B-NP +Co. I-NP I-NP +, O O +said B-VP B-VP +he B-NP B-NP +is B-VP B-VP +`` B-ADJP B-ADJP +comfortable I-ADJP I-ADJP +'' O O +with B-PP B-PP +analysts B-NP B-NP +' B-NP B-NP +estimates I-NP I-NP +that B-SBAR B-SBAR +third-quarter B-NP B-NP +earnings I-NP I-NP +rose B-VP B-VP +to B-PP B-PP +between B-NP B-NP +95 I-NP I-NP +cents I-NP I-NP +and I-NP O +$ I-NP B-NP +1.05 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +That B-NP B-NP +compares B-VP B-VP +with B-PP B-PP +per-share B-NP B-NP +earnings I-NP I-NP +from B-PP B-PP +continuing B-NP B-NP +operations I-NP I-NP +of B-PP B-PP +69 B-NP B-NP +cents I-NP I-NP +the B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +; O O +including B-PP B-PP +discontinued B-NP B-NP +operations I-NP I-NP +, O O +per-share B-NP B-NP +was B-VP B-VP +88 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +year I-NP I-NP +ago B-ADVP B-ADVP +. O O + +The B-NP B-NP +per-share I-NP I-NP +estimates I-NP I-NP +mean B-VP B-VP +the B-NP B-NP +consumer-products I-NP I-NP +company I-NP I-NP +'s B-NP B-NP +net I-NP I-NP +income I-NP I-NP +, O O +increased B-VP B-VP +to B-PP B-PP +between B-NP B-NP +$ I-NP I-NP +69.5 I-NP I-NP +million I-NP I-NP +and I-NP I-NP +$ I-NP I-NP +76 I-NP I-NP +million I-NP I-NP +, O O +from B-PP B-PP +$ B-NP B-NP +47.1 I-NP I-NP +million I-NP I-NP +the B-NP B-NP +year-before I-NP I-NP +period I-NP I-NP +. O O + +Analysts B-NP B-NP +estimate B-VP B-VP +Colgate B-NP B-NP +'s B-NP B-NP +world-wide I-NP I-NP +third-quarter I-NP I-NP +sales I-NP I-NP +rose B-VP B-VP +about B-NP B-NP +8 I-NP I-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +1.29 I-NP I-NP +billion I-NP I-NP +. O O + +Mr. B-NP B-NP +Mark I-NP I-NP +attributed B-VP B-VP +the B-NP B-NP +earnings I-NP I-NP +growth I-NP I-NP +to B-PP B-PP +strong B-NP B-NP +sales I-NP I-NP +in B-PP B-PP +Latin B-NP B-NP +America I-NP I-NP +, O I-NP +Asia B-NP I-NP +and O I-NP +Europe B-NP I-NP +. O O + +Results B-NP B-NP +were B-VP B-VP +also I-VP I-VP +bolstered I-VP I-VP +by B-PP B-PP +`` B-NP O +a I-NP B-NP +very I-NP I-NP +meaningful I-NP I-NP +'' I-NP I-NP +increase I-NP I-NP +in B-PP B-PP +operating B-NP B-NP +profit I-NP I-NP +by B-PP B-PP +Colgate B-NP B-NP +'s B-NP B-NP +U.S. I-NP I-NP +business I-NP I-NP +, O O +Mr. B-NP B-NP +Mark I-NP I-NP +said B-VP B-VP +. O O + +Operating B-NP B-NP +profit I-NP I-NP +at B-PP B-PP +Colgate B-NP B-NP +'s B-NP B-NP +U.S. I-NP I-NP +household I-NP I-NP +products I-NP I-NP +and I-NP I-NP +personal-care I-NP I-NP +businesses I-NP I-NP +jumped B-VP B-VP +25 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +, O O +Mr. B-NP B-NP +Mark I-NP I-NP +added B-VP B-VP +. O O + +He B-NP B-NP +said B-VP B-VP +the B-NP B-NP +improvement I-NP I-NP +was B-VP B-VP +a B-NP B-NP +result I-NP I-NP +of B-PP B-PP +cost B-NP B-NP +savings I-NP I-NP +achieved B-VP B-VP +by B-PP B-PP +consolidating B-VP B-VP +manufacturing B-NP B-NP +operations B-NP I-NP +, O O +blending B-VP B-VP +two B-NP B-NP +sales I-NP I-NP +organizations I-NP I-NP +and O O +focusing B-VP B-VP +more B-ADVP B-ADVP +carefully I-ADVP I-ADVP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +promotional I-NP I-NP +activities I-NP I-NP +. O O + +The B-NP B-NP +estimated I-NP I-NP +improvement I-NP I-NP +in B-PP B-PP +Colgate B-NP B-NP +'s B-NP B-NP +U.S. I-NP I-NP +operations I-NP I-NP +took B-VP B-VP +some B-NP B-NP +analysts I-NP I-NP +by B-PP B-PP +surprise B-NP B-NP +. O O + +Colgate B-NP B-NP +'s B-NP B-NP +household I-NP I-NP +products I-NP I-NP +business I-NP I-NP +, O O +which B-NP B-NP +includes B-VP B-VP +such B-NP B-NP +brands I-NP I-NP +as B-PP B-PP +Fab B-NP B-NP +laundry I-NP I-NP +detergent I-NP I-NP +and O O +Ajax B-NP B-NP +cleanser I-NP I-NP +, O O +has B-VP B-VP +been I-VP I-VP +a B-NP B-NP +weak I-NP I-NP +performer I-NP I-NP +. O O + +Analysts B-NP B-NP +estimate B-VP B-VP +Colgate B-NP B-NP +'s B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +household B-NP B-NP +products I-NP I-NP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +were B-VP B-VP +flat B-ADJP B-ADJP +for B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +, O O +and O O +they B-NP B-NP +estimated B-VP B-VP +operating B-NP B-NP +margins I-NP I-NP +at B-PP B-PP +only B-NP B-NP +1 I-NP I-NP +% I-NP I-NP +to I-NP I-NP +3 I-NP I-NP +% I-NP I-NP +. O O + +`` O O +If B-SBAR B-SBAR +you B-NP B-NP +could B-VP B-VP +say I-VP I-VP +their B-NP B-NP +business I-NP I-NP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +was B-VP B-VP +mediocre B-ADJP B-ADJP +, O O +but O O +great B-ADJP B-ADJP +everywhere B-ADVP B-NP +else I-ADVP I-NP +, O O +that B-NP B-NP +would B-VP B-VP +be I-VP I-VP +fine B-ADJP B-ADJP +, O O +'' O O +says B-VP B-VP +Bonita B-NP B-NP +Austin I-NP I-NP +, O O +an B-NP B-NP +analyst I-NP I-NP +with B-PP B-PP +Wertheim B-NP B-NP +Schroder I-NP I-NP +& I-NP I-NP +Co I-NP I-NP +. O O + +`` O O +But O O +it B-NP B-NP +'s B-VP B-VP +not O O +mediocre B-ADJP B-ADJP +, O O +it B-NP B-NP +'s B-VP B-VP +a B-NP B-NP +real I-NP I-NP +problem I-NP I-NP +. O O +'' O O + +Mr. B-NP B-NP +Mark I-NP I-NP +conceded B-VP B-VP +that O B-SBAR +Colgate B-NP B-NP +'s B-NP B-NP +domestic I-NP I-NP +business I-NP I-NP +, O O +apart B-ADVP B-ADVP +from B-PP B-PP +its O B-NP +highly O I-NP +profitable O I-NP +Hill B-NP I-NP +'s B-NP B-NP +Pet I-NP I-NP +Products I-NP I-NP +unit I-NP I-NP +, O O +has B-VP B-VP +lagged I-VP I-VP +. O O + +`` O O +We B-NP B-NP +'ve B-VP B-VP +done I-VP I-VP +a B-NP B-NP +lot I-NP I-NP +to B-VP B-VP +improve I-VP I-VP +-LCB- B-NP O +U.S. I-NP O +. I-NP O +-RCB- I-NP O +results I-NP B-NP +, O O +and O O +a B-NP B-NP +lot I-NP I-NP +more I-NP I-NP +will B-VP B-VP +be I-VP I-VP +done I-VP I-VP +, O O +'' O O +Mr. B-NP B-NP +Mark I-NP I-NP +said B-VP B-VP +. O O + +`` O O +Improving B-VP B-NP +profitability B-NP I-NP +of B-PP B-PP +U.S. B-NP B-NP +operations I-NP I-NP +is B-VP B-VP +an B-NP B-NP +extremely I-NP I-NP +high I-NP I-NP +priority I-NP I-NP +in B-PP B-PP +the B-NP B-NP +company I-NP I-NP +. O O +'' O O + +To B-VP B-VP +focus I-VP I-VP +on B-PP B-PP +its B-NP B-NP +global I-NP I-NP +consumer-products I-NP I-NP +business I-NP I-NP +, O O +Colgate B-NP B-NP +sold B-VP B-VP +its B-NP B-NP +Kendall I-NP I-NP +health-care I-NP I-NP +business I-NP I-NP +in B-PP B-PP +1988 B-NP B-NP +. O O + +H. B-NP B-NP +Anthony I-NP I-NP +Ittleson I-NP I-NP +was B-VP B-VP +elected I-VP I-VP +a B-NP B-NP +director I-NP I-NP +of B-PP B-PP +this B-NP B-NP +company I-NP I-NP +, O O +which B-NP B-NP +primarily B-ADVP B-ADVP +has B-VP B-VP +interests B-NP B-NP +in B-PP B-PP +radio B-NP B-NP +and I-NP I-NP +television I-NP I-NP +stations I-NP I-NP +, O O +increasing B-VP B-VP +the B-NP B-NP +number I-NP I-NP +of B-PP B-PP +seats B-NP B-NP +to B-PP B-PP +five B-NP B-NP +. O O + +Osborn B-NP B-NP +also B-ADVP B-ADVP +operates B-VP B-VP +Muzak B-NP B-NP +franchises I-NP I-NP +, O O +entertainment B-NP B-NP +properties I-NP I-NP +and O O +small B-NP B-NP +cable-television I-NP I-NP +systems I-NP I-NP +. O O + +Mr. B-NP B-NP +Ittleson I-NP I-NP +is B-VP B-VP +executive B-NP B-NP +, O I-NP +special B-NP I-NP +projects I-NP I-NP +, O O +at B-PP B-PP +CIT B-NP B-NP +Group I-NP I-NP +Holdings I-NP I-NP +Inc. I-NP I-NP +, O O +which B-NP B-NP +is B-VP B-VP +controlled I-VP I-VP +by B-PP B-PP +Manufacturers B-NP B-NP +Hanover I-NP I-NP +Corp I-NP I-NP +. O O + +The B-NP B-NP +Boston I-NP I-NP +Globe I-NP I-NP +says B-VP B-VP +its B-NP B-NP +newly I-NP I-NP +redesigned I-NP I-NP +pages I-NP I-NP +have B-VP B-VP +a B-NP B-NP +`` I-NP I-NP +crisper I-NP I-NP +'' I-NP O +look I-NP B-VP +with B-PP B-PP +revamped B-NP B-NP +fixtures I-NP I-NP +aimed B-VP B-VP +at B-PP B-PP +making B-VP B-VP +the B-NP B-NP +paper I-NP I-NP +`` O O +more B-ADJP B-ADJP +consistent I-ADJP I-ADJP +'' O O +and O O +`` O O +easier B-ADJP B-ADJP +to B-VP B-VP +read I-VP I-VP +. O O +'' O O + +Maybe B-ADVP B-ADVP +so I-ADVP B-ADVP +-- O O +if B-SBAR B-SBAR +you B-NP B-NP +can B-VP B-VP +find I-VP I-VP +where B-ADVP B-ADVP +your B-NP B-NP +favorite I-NP I-NP +writer I-NP I-NP +went B-VP B-VP +. O O + +Beantown B-NP B-NP +scribes I-NP B-VP +, O O +who B-NP B-NP +spare B-VP B-VP +no B-NP B-NP +invective I-NP I-NP +when B-ADVP B-ADVP +taking B-VP B-VP +on B-PRT B-PP +local B-NP B-NP +luminaries I-NP I-NP +such B-PP B-PP +as I-PP I-PP +Michael B-NP B-NP +`` I-NP I-NP +Pee I-NP I-NP +Wee I-NP I-NP +'' I-NP O +Dukakis I-NP B-NP +, O O +or O O +New B-NP B-NP +England I-NP I-NP +Patriots I-NP I-NP +Coach I-NP I-NP +Raymond I-NP I-NP +`` I-NP I-NP +Rev. I-NP I-NP +Ray I-NP I-NP +'' I-NP I-NP +Berry I-NP I-NP +, O O +yesterday B-NP B-NP +poured B-VP B-VP +ridicule B-NP B-NP +on B-PP B-PP +new B-NP B-NP +drawings I-NP I-NP +of B-PP B-PP +Globe B-NP B-NP +columnists I-NP I-NP +that B-NP B-NP +replaced B-VP B-VP +old B-NP B-NP +photos I-NP I-NP +in B-PP B-PP +the B-NP B-NP +revamped I-NP I-NP +pages I-NP I-NP +this B-NP B-NP +week I-NP I-NP +. O O + +By B-PP B-PP +late B-NP B-NP +last I-NP I-NP +night I-NP I-NP +, O O +Globe B-NP B-NP +Managing I-NP I-NP +Editor I-NP I-NP +Thomas B-NP I-NP +Mulvoy I-NP I-NP +, O O +bending B-VP B-VP +to B-PP B-PP +the B-NP B-NP +will I-NP I-NP +of B-PP B-PP +his B-NP B-NP +troops I-NP I-NP +, O O +scrapped B-VP B-VP +the B-NP B-NP +new I-NP I-NP +drawings I-NP I-NP +. O O + +For B-PP B-PP +a B-NP B-NP +few I-NP I-NP +days I-NP I-NP +at B-PP B-ADVP +least B-ADJP I-ADVP +, O O +he B-NP B-NP +says B-VP B-VP +, O O +no B-NP B-NP +pictures I-NP I-NP +or I-NP I-NP +drawings I-NP I-NP +of B-PP B-PP +any B-NP B-NP +kind I-NP I-NP +will B-VP B-VP +adorn I-VP I-VP +the B-NP B-NP +columns I-NP I-NP +. O O + +Trouble B-NP B-NP +was B-VP B-VP +, O O +nobody B-NP B-NP +thought B-VP B-VP +they B-NP B-NP +looked B-VP B-VP +right B-ADJP B-ADJP +. O O + +Globe B-NP B-NP +columnist I-NP I-NP +Mike I-NP I-NP +Barnicle I-NP I-NP +-- O O +in B-PP B-PP +the B-NP B-NP +second I-NP I-NP +attack I-NP I-NP +on B-PP B-PP +his B-NP B-NP +employer I-NP I-NP +in B-PP B-PP +as B-NP B-NP +many I-NP I-NP +weeks I-NP I-NP +-- O O +averred B-VP B-VP +that B-SBAR B-SBAR +his B-NP B-NP +shadowy I-NP I-NP +countenance I-NP I-NP +was B-VP B-VP +so B-ADJP B-ADJP +bad I-ADJP I-ADJP +, O O +it B-NP B-NP +looked B-VP B-VP +`` O O +like B-PP B-PP +a B-NP B-NP +face I-NP I-NP +you B-NP B-NP +'d B-VP B-VP +find I-VP I-VP +on B-PP B-PP +a B-NP B-NP +bottle I-NP I-NP +of B-PP B-PP +miracle B-NP B-NP +elixir I-NP I-NP +that B-NP B-NP +promises B-VP B-VP +to I-VP I-VP +do I-VP I-VP +away B-ADVP B-ADVP +with B-PP B-PP +diarrhea B-NP B-NP +in B-PP B-PP +our B-NP B-NP +lifetime I-NP I-NP +. O O +'' O O + +Mr. B-NP B-NP +Barnicle I-NP I-NP +reminded B-VP B-VP +readers B-NP B-NP +that B-SBAR B-SBAR +he B-NP B-NP +still B-ADVP B-ADVP +has B-VP B-VP +n't I-VP I-VP +forgiven I-VP I-VP +Globe B-NP B-NP +management I-NP I-NP +for B-PP B-PP +questioning B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +20 I-NP I-NP +expense I-NP I-NP +chit I-NP I-NP +he B-NP B-NP +submitted B-VP B-VP +for B-PP B-PP +parking B-VP B-VP +his B-NP B-NP +car I-NP I-NP +while B-SBAR B-SBAR +chasing B-VP B-VP +a B-NP B-NP +story I-NP I-NP +. O O + +`` O O +I B-NP B-NP +thought B-VP B-VP +-LCB- O O +the B-NP B-NP +drawing I-NP I-NP +-RCB- O O +a B-NP B-NP +cross I-NP I-NP +between B-PP B-PP +someone B-NP B-NP +you B-NP B-NP +'d B-VP B-VP +spot I-VP I-VP +whipping I-VP B-VP +open I-VP B-PP +his B-NP B-NP +trench I-NP I-NP +coat I-NP I-NP +... O O +or O O +a B-NP B-NP +guy I-NP I-NP +who B-NP B-NP +boasted B-VP B-VP +he B-NP B-NP +'d B-VP B-VP +been I-VP I-VP +Charles B-NP B-NP +Manson I-NP I-NP +'s B-NP B-NP +roommate I-NP I-NP +for B-PP B-PP +the B-NP B-NP +last I-NP I-NP +19 I-NP I-NP +years I-NP I-NP +, O O +'' O O +he B-NP B-NP +said B-VP B-VP +. O O + +Mr. B-NP B-NP +Barnicle I-NP I-NP +was B-VP B-VP +hardly B-ADJP B-ADVP +kinder I-ADJP B-ADJP +to B-PP B-PP +the B-NP B-NP +renderings I-NP I-NP +of B-PP B-PP +colleagues B-NP B-NP +Michael B-NP I-NP +Madden I-NP I-NP +-LRB- O O +`` O O +appears B-VP B-VP +to I-VP I-VP +be I-VP I-VP +a B-NP B-NP +pervert I-NP I-NP +'' O O +-RRB- O O +, O O +Will B-NP B-NP +McDonough I-NP I-NP +-LRB- O O +`` O O +looks B-VP B-VP +as B-SBAR B-SBAR +if I-SBAR I-SBAR +he B-NP B-NP +drove B-VP B-VP +for B-PP B-PP +Abe B-NP B-NP +Lincoln I-NP I-NP +'' O O +-RRB- O O +or O O +Bella B-NP B-NP +English I-NP I-NP +, O O +whose B-NP B-NP +`` I-NP I-NP +little I-NP I-NP +girl I-NP I-NP +now B-ADVP B-ADVP +screams B-VP B-VP +hysterically B-ADVP B-ADVP +every B-NP B-NP +time I-NP I-NP +she B-NP B-NP +sees B-VP B-VP +a B-NP B-NP +newspaper I-NP I-NP +. O O +'' O O + +Lynn B-NP B-NP +Staley I-NP I-NP +, O O +the B-NP B-NP +Globe I-NP I-NP +'s B-NP B-NP +assistant I-NP I-NP +managing I-NP I-NP +editor I-NP I-NP +for B-PP B-PP +design B-NP B-NP +, O O +acknowledges B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +visages I-NP I-NP +were B-VP B-VP +`` O O +on B-PP B-PP +the B-NP B-NP +low I-NP I-NP +end I-NP I-NP +of B-PP B-PP +the B-NP B-NP +likeness I-NP I-NP +spectrum I-NP I-NP +. O O +'' O O + +Rival B-NP B-NP +Boston I-NP I-NP +Herald I-NP I-NP +columnist I-NP I-NP +Howie I-NP I-NP +Carr I-NP I-NP +, O O +who B-NP B-NP +usually B-ADVP B-ADVP +rails B-VP B-VP +at B-PP B-PP +Statehouse B-NP B-NP +`` I-NP I-NP +hacks I-NP I-NP +'' I-NP I-NP +and I-NP I-NP +nepotism I-NP I-NP +, O O +argued B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +new I-NP I-NP +drawings I-NP I-NP +were B-VP B-VP +designed I-VP I-VP +to B-VP I-VP +hide I-VP I-VP +Mr. B-NP B-NP +Madden I-NP I-NP +'s B-NP B-NP +`` O O +rapidly B-ADJP B-ADJP +growing I-ADJP I-ADJP +forehead B-NP B-NP +'' O O +and O O +the B-NP B-NP +facial I-NP I-NP +defects I-NP I-NP +of B-PP B-PP +`` B-NP B-VP +chinless I-NP I-VP +'' I-NP O +Dan I-NP B-NP +Shaughnessy I-NP I-NP +, O O +a B-NP B-NP +Globe I-NP I-NP +sports I-NP I-NP +columnist I-NP I-NP +. O O + +`` O O +But O O +think B-VP B-VP +of B-PP B-PP +the B-NP B-NP +money I-NP I-NP +you B-NP B-NP +, O O +the B-NP B-NP +reader I-NP I-NP +, O O +will B-VP B-VP +save I-VP I-VP +on B-PP B-PP +Halloween B-NP B-NP +, O O +'' O O +said B-VP B-VP +Mr. B-NP B-NP +Barnicle I-NP I-NP +. O O + +`` O O +Instead B-PP B-ADVP +of I-PP B-PP +buying B-VP B-VP +masks B-NP B-NP +for B-PP B-PP +your B-NP B-NP +kids I-NP I-NP +, O O +just B-ADVP B-ADVP +cut B-VP B-VP +out B-PRT B-PRT +the B-NP B-NP +columnists I-NP I-NP +' B-NP B-NP +pictures I-NP I-NP +... O O +. O O + +Deeply B-ADJP B-ADJP +ingrained I-ADJP I-ADJP +in B-PP B-PP +both O O +the B-NP B-NP +book I-NP I-NP +review I-NP I-NP +`` O I-NP +Kissing B-VP I-NP +Nature B-NP I-NP +Good-bye B-NP I-NP +'' O O +by B-PP B-PP +Stephen B-NP B-NP +MacDonald I-NP I-NP +-LRB- O O +Leisure B-NP B-NP +& I-NP I-NP +Arts I-NP I-NP +, O O +Sept. B-NP B-NP +27 I-NP I-NP +-RRB- O O +and O O +the B-NP B-NP +books I-NP I-NP +reviewed B-VP B-VP +is B-VP B-VP +the B-NP B-NP +assumption I-NP I-NP +that B-SBAR B-SBAR +global B-NP B-NP +warming I-NP I-NP +is B-VP B-VP +entirely B-ADVP B-ADVP +a B-NP B-NP +result I-NP I-NP +of B-PP B-PP +human B-NP B-NP +activity I-NP I-NP +. O O + +Is O O +such B-NP B-NP +a I-NP I-NP +view I-NP I-NP +justified B-VP B-VP +? O O + +In B-PP B-PP +the B-NP B-NP +absence I-NP I-NP +of B-PP B-PP +humans B-NP B-NP +, O O +would O O +the B-NP B-NP +Earth I-NP I-NP +enjoy B-VP B-VP +a B-NP B-NP +constant I-NP I-NP +climate I-NP I-NP +over B-PP B-PP +the B-NP B-NP +long I-NP I-NP +term I-NP I-NP +? O O + +Clearly B-ADVP B-ADVP +not I-ADVP O +. O O + +About B-NP B-NP +20,000 I-NP I-NP +years I-NP I-NP +ago B-ADVP B-ADVP +the B-NP B-NP +last I-NP I-NP +ice I-NP I-NP +age I-NP I-NP +ended B-VP B-VP +. O O + +Enormous B-NP B-NP +ice I-NP I-NP +sheets I-NP I-NP +retreated B-VP B-VP +from B-PP B-PP +the B-NP B-NP +face I-NP I-NP +of B-PP B-PP +North B-NP B-NP +America I-NP I-NP +, O O +northern B-NP B-NP +Europe I-NP I-NP +and O O +Asia B-NP B-NP +. O O + +This B-NP B-NP +global I-NP I-NP +warming I-NP I-NP +must B-VP B-VP +have I-VP I-VP +been I-VP I-VP +entirely B-ADJP B-ADJP +natural I-ADJP I-ADJP +-- O O +nobody B-NP B-NP +would B-VP B-VP +blame I-VP I-VP +it B-NP B-NP +on B-PP B-PP +a B-NP B-NP +few I-NP I-NP +hundred I-NP I-NP +thousand I-NP I-NP +hunter-gatherers I-NP I-NP +hunting B-VP B-VP +mammoths B-NP B-NP +and O O +scratching B-VP B-VP +around O B-ADVP +in B-PP B-PP +caves B-NP B-NP +. O O + +Furthermore B-ADVP B-ADVP +, O O +no B-NP B-NP +bell I-NP I-NP +has B-VP B-VP +yet I-VP I-VP +rung I-VP I-VP +to I-VP B-VP +announce I-VP I-VP +the B-NP B-NP +end I-NP I-NP +of B-PP B-PP +this B-NP B-NP +immense I-NP I-NP +episode I-NP I-NP +of B-PP B-PP +natural B-NP B-NP +global I-NP I-NP +warming I-NP I-NP +. O O + +It B-NP B-NP +is B-VP B-VP +probably I-VP B-ADVP +continuing I-VP B-ADJP +and O O +may B-VP B-VP +well I-VP I-VP +account I-VP I-VP +for B-PP B-PP +most B-NP B-NP +of B-PP B-PP +, O O +or O O +all B-NP B-NP +of B-PP B-PP +, O O +present-day B-NP B-NP +global I-NP I-NP +warming I-NP I-NP +. O O + +I B-NP B-NP +bow B-VP B-VP +to B-PP B-PP +no B-NP B-NP +one I-NP I-NP +in B-PP B-PP +my B-NP B-NP +regard I-NP I-NP +for B-PP B-PP +our B-NP B-NP +terrestrial I-NP I-NP +heritage I-NP I-NP +, O O +but O O +if B-SBAR B-SBAR +we B-NP B-NP +are B-VP B-VP +serious B-ADJP B-ADJP +about B-PP B-PP +global B-NP B-NP +warming I-NP I-NP +we B-NP B-NP +must B-VP B-VP +look I-VP I-VP +at B-PP B-PP +the B-NP B-NP +big I-NP I-NP +picture I-NP I-NP +and O O +not B-VP B-VP +allow I-VP I-VP +the B-NP B-NP +Dominant I-NP I-NP +Culture I-NP I-NP +to B-VP B-VP +lock I-VP I-VP +us B-NP B-NP +into B-PP B-PP +the B-NP B-NP +capitalist-exploiters-greedy-American-consumers-global I-NP I-NP +- I-NP I-NP +warming I-NP I-NP +scenario I-NP I-NP +as B-PP B-PP +the B-NP B-NP +sole I-NP I-NP +model I-NP I-NP +for B-PP B-PP +discussion B-NP B-NP +. O O + +Jocelyn B-NP B-NP +Tomkin I-NP I-NP +Astronomy B-NP I-NP +Department I-NP I-NP +University B-NP I-NP +of B-PP B-PP + +The B-NP B-NP +Internal I-NP I-NP +Revenue I-NP I-NP +Service I-NP I-NP +plans B-VP B-VP +to I-VP I-VP +restructure I-VP I-VP +itself B-NP B-NP +more B-ADVP B-ADVP +like B-PP B-PP +a B-NP B-NP +private I-NP I-NP +corporation I-NP I-NP +. O O + +In B-PP B-PP +addition B-NP B-NP +, O O +the B-NP B-NP +tax-collecting I-NP I-NP +agency I-NP I-NP +says B-VP B-VP +that B-SBAR B-SBAR +it B-NP B-NP +will B-VP B-VP +take I-VP I-VP +the B-NP B-NP +unusual I-NP I-NP +step I-NP I-NP +of B-PP B-PP +looking B-VP B-VP +to B-PP B-PP +the B-NP B-NP +private I-NP I-NP +sector I-NP I-NP +to B-VP B-VP +fill I-VP I-VP +two B-NP B-NP +new I-NP I-NP +high-level I-NP I-NP +positions I-NP I-NP +to B-VP B-VP +guide I-VP I-VP +the B-NP B-NP +120,000-employee I-NP I-NP +agency I-NP I-NP +: O O +a B-NP B-NP +comptroller I-NP I-NP +to B-VP B-VP +oversee I-VP I-VP +daily B-NP B-NP +finances I-NP I-NP +and O O +a B-NP B-NP +chief I-NP I-NP +information I-NP I-NP +officer I-NP I-NP +to B-VP B-VP +update I-VP I-VP +the B-NP B-NP +information I-NP I-NP +system I-NP I-NP +, O O +which B-NP B-NP +includes B-VP B-VP +probably B-NP B-ADVP +the I-NP B-NP +largest I-NP I-NP +computer I-NP I-NP +data I-NP I-NP +base I-NP I-NP +in B-PP B-PP +the B-NP B-NP +world I-NP I-NP +. O O + +The B-NP B-NP +IRS I-NP I-NP +also B-ADVP B-ADVP +said B-VP B-VP +that B-SBAR B-SBAR +it B-NP B-NP +would B-VP B-VP +create I-VP I-VP +the B-NP B-NP +position I-NP I-NP +of B-PP B-PP +chief B-NP B-NP +financial I-NP I-NP +officer I-NP I-NP +, O O +who B-NP B-NP +will B-VP B-VP +be I-VP I-VP +hired I-VP I-VP +from B-PP B-PP +within B-PP B-PP +the B-NP B-NP +agency I-NP I-NP +. O O + +IRS B-NP B-NP +Commissioner I-NP I-NP +Fred I-NP I-NP +T. I-NP I-NP +Goldberg I-NP I-NP +said B-VP B-VP +the B-NP B-NP +changes I-NP I-NP +are B-VP B-VP +intended I-VP I-VP +to I-VP I-VP +bring I-VP I-VP +`` O O +accountability B-NP B-NP +'' O O +to B-PP B-PP +the B-NP B-NP +agency I-NP I-NP +, O O +which B-NP B-NP +has B-VP B-VP +an B-NP B-NP +annual I-NP I-NP +budget I-NP I-NP +of B-PP B-PP +more B-NP B-NP +than I-NP I-NP +$ I-NP I-NP +5 I-NP I-NP +billion I-NP I-NP +and O O +collects B-VP B-VP +about B-NP B-NP +$ I-NP I-NP +1 I-NP I-NP +trillion I-NP I-NP +a B-NP B-NP +year I-NP I-NP +. O O + +`` O O +My B-NP B-NP +assessment I-NP I-NP +and O O +everyone B-NP B-NP +'s B-NP B-NP +assessment I-NP I-NP +is B-VP B-VP +that B-SBAR B-SBAR +we B-NP B-NP +do B-VP B-VP +not I-VP I-VP +have I-VP I-VP +the B-NP B-NP +kinds I-NP I-NP +of B-PP B-PP +information B-NP B-NP +that B-NP B-NP +let B-VP B-VP +us B-NP B-NP +responsibly B-VP B-ADVP +and I-VP O +effectively I-VP B-ADVP +formulate I-VP B-VP +and I-VP I-VP +execute I-VP I-VP +our B-NP B-NP +budget I-NP I-NP +, O O +'' O O +Mr. B-NP B-NP +Goldberg I-NP I-NP +said B-VP B-VP +. O O + +`` O O +And O O +we B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +have I-VP I-VP +internal B-NP B-NP +controls I-NP I-NP +and I-NP I-NP +discipline I-NP I-NP +that B-NP B-NP +we B-NP B-NP +need B-VP B-VP +to I-VP I-VP +have I-VP I-VP +to B-VP I-VP +spend I-VP I-VP +$ B-NP B-NP +5 I-NP I-NP +billion I-NP I-NP +properly B-ADVP B-ADVP +. O O +'' O O + +Mr. B-NP B-NP +Goldberg I-NP I-NP +, O O +who B-NP B-NP +took B-VP B-VP +over B-PRT B-PRT +as B-PP B-PP +head B-NP B-NP +of B-PP B-PP +the B-NP B-NP +IRS I-NP I-NP +in B-PP B-PP +July B-NP B-NP +, O O +has B-VP B-VP +been I-VP I-VP +disturbed I-VP I-VP +by B-PP B-PP +what B-NP B-NP +he B-NP B-NP +considers B-VP B-VP +the B-NP B-NP +inefficiency I-NP I-NP +, I-NP I-NP +waste I-NP I-NP +and I-NP I-NP +lack I-NP I-NP +of B-PP B-PP +coordination B-NP B-NP +among B-PP B-PP +the B-NP B-NP +branches I-NP I-NP +of B-PP B-PP +the B-NP B-NP +vast I-NP I-NP +federal I-NP I-NP +agency I-NP I-NP +. O O + +The B-NP B-NP +IRS I-NP I-NP +operates B-VP B-VP +on B-PP B-PP +a B-NP B-NP +computer I-NP I-NP +system I-NP I-NP +designed B-VP B-VP +in B-PP B-PP +1961 B-NP B-NP +, O O +which B-NP B-NP +it B-NP B-NP +has B-VP B-VP +been I-VP I-VP +trying I-VP I-VP +to I-VP I-VP +modernize I-VP I-VP +for B-PP B-PP +years B-NP B-NP +. O O + +And O O +the B-NP B-NP +agency I-NP I-NP +, O O +which B-NP B-NP +operated B-VP B-VP +throughout B-PP B-PP +fiscal B-NP B-NP +1989 I-NP I-NP +with B-PP B-PP +a B-NP B-NP +$ I-NP I-NP +360 I-NP I-NP +million I-NP I-NP +budget I-NP I-NP +shortfall I-NP I-NP +, O O +has B-VP B-VP +been I-VP I-VP +under B-PP B-PP +a B-NP B-NP +hiring I-NP I-NP +freeze I-NP I-NP +since B-PP B-PP +last B-NP B-NP +fall I-NP I-NP +. O O + +The B-NP B-NP +new I-NP I-NP +commissioner I-NP I-NP +says B-VP B-VP +that B-SBAR B-SBAR +closer B-NP B-NP +scrutiny I-NP I-NP +of B-PP B-PP +how B-ADVP B-ADVP +the B-NP B-NP +agency I-NP I-NP +uses B-VP B-VP +its B-NP B-NP +resources I-NP I-NP +will B-VP B-VP +go I-VP I-VP +a B-NP B-NP +long I-NP I-NP +way I-NP I-NP +toward B-PP B-PP +enhancing B-VP B-VP +its B-NP B-NP +ability I-NP I-NP +to B-VP B-VP +collect I-VP I-VP +more B-NP B-NP +tax I-NP I-NP +revenue I-NP I-NP +. O O + +`` O O +I B-NP B-NP +think B-VP B-VP +that B-SBAR B-SBAR +you B-NP B-NP +will B-VP B-VP +see I-VP I-VP +a B-NP B-NP +significant I-NP I-NP +improvement I-NP I-NP +in B-PP B-PP +the B-NP B-NP +budget I-NP I-NP +formulation I-NP I-NP +and I-NP I-NP +execution I-NP I-NP +process I-NP I-NP +which B-NP B-NP +, O O +in B-PP B-PP +turn B-NP B-NP +, O O +I B-NP B-NP +believe B-VP B-VP +will B-VP B-VP +result I-VP I-VP +in B-PP B-PP +a B-NP B-NP +significant I-NP I-NP +increase I-NP I-NP +in B-PP B-PP +revenue B-NP B-NP +, O O +'' O O +he B-NP B-NP +said B-VP B-VP +. O O + +The B-NP B-NP +IRS I-NP I-NP +hopes B-VP B-VP +to I-VP I-VP +fill I-VP I-VP +the B-NP B-NP +new I-NP I-NP +positions I-NP I-NP +soon B-ADVP B-ADVP +. O O + +Customarily B-ADVP B-ADVP +, O O +it B-NP B-NP +would B-VP B-VP +appoint I-VP I-VP +career B-NP B-NP +civil I-NP I-NP +servants I-NP I-NP +from B-PP B-PP +within B-NP B-PP +the B-NP B-NP +agency I-NP I-NP +, O O +but O O +Mr. B-NP B-NP +Goldberg I-NP I-NP +said B-VP B-VP +he B-NP B-NP +plans B-VP B-VP +to I-VP I-VP +`` I-VP O +scour I-VP B-VP +the B-NP B-NP +world I-NP I-NP +'' O O +for B-PP B-PP +the B-NP B-NP +chief I-NP I-NP +information I-NP I-NP +officer I-NP I-NP +and O O +the B-NP B-NP +comptroller I-NP I-NP +. O O + +Although B-SBAR B-SBAR +the B-NP B-NP +jobs I-NP I-NP +will B-VP B-VP +probably I-VP I-VP +pay I-VP I-VP +between B-NP B-NP +$ I-NP I-NP +70,000 I-NP I-NP +and I-NP I-NP +$ I-NP I-NP +80,000 I-NP I-NP +a B-NP B-NP +year I-NP I-NP +, O O +IRS B-NP B-NP +officials I-NP I-NP +are B-VP B-VP +confident B-ADJP B-ADJP +that B-SBAR B-SBAR +they B-NP B-NP +can B-VP B-VP +attract I-VP I-VP +top-notch B-NP B-NP +candidates I-NP I-NP +from B-PP B-PP +the B-NP B-NP +private I-NP I-NP +sector I-NP I-NP +. O O + +`` O O +You B-NP B-NP +'re B-VP B-VP +telling I-VP I-VP +someone B-NP B-NP +they B-NP B-NP +can B-VP B-VP +spend I-VP I-VP +the B-NP B-NP +next I-NP I-NP +three I-NP I-NP +or I-NP I-NP +four I-NP I-NP +or I-NP I-NP +five I-NP I-NP +or I-NP I-NP +six I-NP I-NP +years I-NP I-NP +of B-PP B-PP +their B-NP B-NP +life I-NP I-NP +bringing B-VP B-VP +about B-PRT B-PP +the B-NP B-NP +most I-NP I-NP +difficult I-NP I-NP +and I-NP I-NP +costly I-NP I-NP +modernization I-NP I-NP +of B-PP B-PP +an B-NP B-NP +information I-NP I-NP +system I-NP I-NP +on B-PP B-PP +the B-NP B-NP +civil I-NP I-NP +side I-NP I-NP +ever B-NP B-ADVP +, O O +'' O O +Mr. B-NP B-NP +Goldberg I-NP I-NP +said B-VP B-VP +. O O + +`` O O +On B-PP B-PP +the B-NP B-NP +comptroller I-NP I-NP +side I-NP I-NP +, O O +you B-NP B-NP +'re B-VP B-VP +developing I-VP I-VP +and O I-VP +making B-VP I-VP +work B-VP B-NP +financial B-NP I-NP +controls I-NP I-NP +governing B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +6 I-NP I-NP +billion I-NP I-NP +budget I-NP I-NP +. O O + +When B-ADVP B-ADVP +Maj. B-NP B-NP +Moises I-NP I-NP +Giroldi I-NP I-NP +, O O +the B-NP B-NP +leader I-NP I-NP +of B-PP B-PP +the B-NP B-NP +abortive I-NP I-NP +coup I-NP I-NP +in B-PP B-PP +Panama B-NP B-NP +, O O +was B-VP B-VP +buried I-VP I-VP +, O O +his B-NP B-NP +body I-NP I-NP +bore B-VP B-VP +several B-NP B-NP +gunshot I-NP I-NP +wounds I-NP I-NP +, O O +a B-NP B-NP +cracked I-NP I-NP +skull I-NP I-NP +and O O +broken B-NP B-NP +legs I-NP I-NP +and I-NP I-NP +ribs I-NP I-NP +. O O + +They B-NP B-NP +were B-VP B-VP +the B-NP B-NP +signature I-NP I-NP +of B-PP B-PP +his B-NP B-NP +adversary I-NP I-NP +, O O +Panamanian B-NP B-NP +leader I-NP I-NP +Manuel I-NP I-NP +Antonio I-NP I-NP +Noriega I-NP I-NP +. O O + +The B-NP B-NP +rebel I-NP I-NP +officer I-NP I-NP +'s B-NP B-NP +slow I-NP B-ADJP +and I-NP I-ADJP +painful I-NP I-ADJP +death I-NP B-NP +, O O +at B-PP B-PP +the B-NP B-NP +headquarters I-NP I-NP +of B-PP B-PP +Panama B-NP B-NP +'s B-NP B-NP +Battalion-2000 I-NP I-NP +squad I-NP I-NP +, O O +was B-VP B-VP +personally I-VP I-VP +supervised I-VP I-VP +by B-PP B-PP +Gen. B-NP B-NP +Noriega I-NP I-NP +, O O +says B-VP B-VP +a B-NP B-NP +U.S. I-NP I-NP +official I-NP I-NP +with B-PP B-PP +access B-NP B-NP +to B-PP B-PP +intelligence B-NP B-NP +reports I-NP I-NP +. O O + +Leaping B-VP B-VP +into B-PP B-PP +rages B-NP B-NP +, O O +sinking B-VP B-VP +into B-PP B-PP +bouts B-NP B-NP +of B-PP B-PP +drunkenness B-NP B-NP +and I-NP I-NP +mistrust I-NP I-NP +, O O +Mr. B-NP B-NP +Noriega I-NP I-NP +has B-VP B-VP +put I-VP I-VP +to B-PP B-PP +death B-NP B-NP +some B-NP B-NP +70 I-NP I-NP +of B-PP B-PP +his B-NP B-NP +troops I-NP I-NP +involved B-VP B-VP +in B-PP B-PP +the B-NP B-NP +coup I-NP I-NP +, O O +according B-PP B-PP +to B-PP B-PP +U.S. B-NP B-NP +officials I-NP I-NP +monitoring B-VP B-VP +crematoriums B-NP B-NP +and O O +funeral B-NP B-NP +parlors I-NP I-NP +in B-PP B-PP +Panama B-NP B-NP +City I-NP I-NP +. O O + +He B-NP B-NP +is B-VP B-VP +now I-VP I-VP +changing I-VP I-VP +the B-NP B-NP +place I-NP I-NP +he B-NP B-NP +sleeps B-VP B-VP +every B-NP B-NP +night I-NP I-NP +, O O +sometimes B-NP B-ADVP +more I-NP B-ADVP +than I-NP I-ADVP +once I-NP I-ADVP +a B-NP B-NP +night I-NP I-NP +. O O + +His B-NP B-NP +meals I-NP I-NP +are B-VP B-VP +most I-VP I-VP +often I-VP I-VP +prepared I-VP I-VP +by B-PP B-PP +women B-NP B-NP +he B-NP B-NP +trusts B-VP B-VP +-- O O +his B-NP B-NP +full-time I-NP I-NP +mistress I-NP I-NP +, O O +Vicky B-NP B-NP +Amado I-NP I-NP +, O O +and O O +her B-NP B-NP +mother I-NP I-NP +, O O +Norma B-NP B-NP +. O O + +And O O +he B-NP B-NP +is B-VP B-VP +collecting I-VP I-VP +the B-NP B-NP +names I-NP I-NP +of B-PP B-PP +those B-NP B-NP +who B-NP B-NP +telephoned B-VP B-VP +the B-NP B-NP +coup-makers I-NP I-NP +to B-VP B-VP +congratulate I-VP I-VP +them B-NP B-NP +during B-PP B-PP +their B-NP B-NP +brief I-NP I-NP +time I-NP I-NP +in B-PP B-PP +control B-NP B-NP +of B-PP B-PP +his B-NP B-NP +headquarters I-NP I-NP +. O O + +More B-NP B-NP +enemies I-NP I-NP +to B-VP B-VP +be I-VP I-VP +dealt I-VP I-VP +with B-PP B-PP +. O O + +In B-PP B-PP +the B-NP B-NP +two I-NP I-NP +weeks I-NP I-NP +since B-PP B-PP +the B-NP B-NP +rebellion I-NP I-NP +, O O +which B-NP B-NP +the B-NP B-NP +U.S. I-NP I-NP +hesitantly B-VP B-ADVP +backed I-VP B-VP +, O O +Mr. B-NP B-NP +Noriega I-NP I-NP +has B-VP B-VP +been I-VP I-VP +at B-PP B-PP +his B-NP B-NP +most I-NP I-NP +brutal I-NP I-NP +- O O +and O O +efficient O B-ADJP +- O O +in B-PP B-PP +maintaining B-VP B-VP +power B-NP B-NP +. O O + +Yet B-ADVP O +, O O +while B-SBAR B-SBAR +the B-NP B-NP +failed I-NP I-NP +coup I-NP I-NP +is B-VP B-VP +a B-NP B-NP +major I-NP I-NP +U.S. I-NP I-NP +foreign I-NP I-NP +policy I-NP I-NP +embarrassment I-NP I-NP +, O O +it B-NP B-NP +is B-VP B-VP +merely B-NP B-NP +the I-NP I-NP +latest I-NP I-NP +chapter I-NP I-NP +in B-PP B-PP +a B-NP B-NP +byzantine I-NP I-NP +relationship I-NP I-NP +between B-PP B-PP +Mr. B-NP B-NP +Noriega I-NP I-NP +and O O +Washington B-NP B-NP +that B-NP B-NP +stretches B-VP B-VP +back B-ADVP B-ADVP +three B-NP B-NP +decades I-NP I-NP +. O O + +America B-NP B-NP +'s B-NP B-NP +war I-NP I-NP +on B-PP B-PP +the B-NP B-NP +dictator I-NP I-NP +over B-PP B-PP +the B-NP B-NP +past I-NP I-NP +two I-NP I-NP +years I-NP I-NP +, O O +following B-PP B-PP +his B-NP B-NP +indictment I-NP I-NP +on B-PP B-PP +drug B-NP B-NP +charges I-NP I-NP +in B-PP B-PP +February B-NP B-NP +1988 I-NP I-NP +, O O +is B-VP B-VP +the B-NP B-NP +legacy I-NP I-NP +of B-PP B-PP +that B-NP B-NP +relationship I-NP I-NP +. O O + +Before B-SBAR B-SBAR +American B-NP B-NP +foreign I-NP I-NP +policy I-NP I-NP +set B-VP B-VP +out B-PRT B-PRT +to B-VP B-VP +destroy I-VP I-VP +Noriega B-NP B-NP +, O O +it B-NP B-NP +helped B-VP B-VP +create I-VP I-VP +him B-NP B-NP +out B-PP B-ADVP +of B-PP B-PP +the B-NP B-NP +crucible I-NP I-NP +of B-PP B-PP +Panama B-NP B-NP +'s B-NP B-NP +long I-NP I-NP +history I-NP I-NP +of B-PP B-PP +conspirators B-NP B-NP +and I-NP I-NP +pirates I-NP I-NP +. O O + +For B-PP B-PP +most B-NP B-NP +of I-NP B-PP +the I-NP B-NP +past I-NP I-NP +30 I-NP I-NP +years I-NP I-NP +, O O +the B-NP B-NP +marriage I-NP I-NP +was B-VP B-VP +one B-NP B-NP +of B-PP B-PP +convenience B-NP B-NP +. O O + +In B-PP B-PP +1960 B-NP B-NP +, O O +for B-PP B-PP +example B-NP B-NP +, O O +when B-ADVP B-ADVP +Mr. B-NP B-NP +Noriega I-NP I-NP +was B-VP B-VP +both O B-NP +a B-NP I-NP +cadet I-NP I-NP +at B-PP B-PP +an B-NP B-NP +elite I-NP I-NP +military I-NP I-NP +academy I-NP I-NP +in B-PP B-PP +Peru B-NP B-NP +and O O +a B-NP B-NP +spy-in-training I-NP I-NP +for B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +Defense I-NP I-NP +Intelligence I-NP I-NP +Agency I-NP I-NP +, O O +he B-NP B-NP +was B-VP B-VP +detained I-VP I-VP +by B-PP B-PP +Lima B-NP B-NP +authorities I-NP I-NP +for B-PP B-PP +allegedly B-ADVP B-VP +raping B-VP I-VP +and O I-VP +savagely B-VP I-VP +beating I-VP I-VP +a B-NP B-NP +prostitute I-NP I-NP +, O O +according B-PP B-PP +to B-PP B-PP +a B-NP B-NP +U.S. I-NP I-NP +Embassy I-NP I-NP +cable I-NP I-NP +from B-PP B-PP +that B-NP B-NP +period I-NP I-NP +. O O + +The B-NP B-NP +woman I-NP I-NP +had B-VP B-VP +nearly I-VP I-VP +died I-VP I-VP +. O O + +But O O +U.S. B-NP B-NP +intelligence I-NP I-NP +, O O +rather B-SBAR B-CONJP +than I-SBAR I-CONJP +rein B-VP B-VP +in B-ADVP B-PP +or O O +cut B-VP B-VP +loose B-ADJP I-VP +its B-NP B-NP +new I-NP I-NP +spy I-NP I-NP +, O O +merely B-ADVP B-ADVP +filed B-VP B-VP +the B-NP B-NP +report I-NP I-NP +away B-ADVP B-ADVP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +tips I-NP I-NP +on B-PP B-PP +emerging B-NP B-NP +leftists I-NP I-NP +at B-PP B-PP +his B-NP B-NP +school I-NP I-NP +were B-VP B-VP +deemed I-VP I-VP +more B-ADJP B-ADJP +important I-ADJP I-ADJP +to B-PP B-PP +U.S. B-NP B-NP +interests I-NP I-NP +. O O + +From B-PP B-PP +that B-NP B-NP +point I-NP I-NP +on I-NP B-PP +, O O +the B-NP B-NP +U.S. I-NP I-NP +would B-VP B-VP +make I-VP I-VP +a B-NP B-NP +practice I-NP I-NP +of B-PP B-PP +overlooking B-VP B-VP +the B-NP B-NP +Panamanian I-NP I-NP +'s B-NP B-NP +misadventures I-NP I-NP +. O O + +The B-NP B-NP +U.S. I-NP I-NP +has B-VP B-VP +befriended I-VP I-VP +and O I-VP +later B-VP I-VP +turned I-VP I-VP +against B-PP B-PP +many B-NP B-NP +dictators I-NP I-NP +, O O +but O O +none B-NP B-ADVP +quite B-ADJP I-ADVP +so I-ADJP B-ADJP +resourceful I-ADJP I-ADJP +. O O + +The B-NP B-NP +55-year-old I-NP I-NP +Mr. I-NP I-NP +Noriega I-NP I-NP +is B-VP B-VP +n't O O +as B-ADJP B-ADJP +smooth I-ADJP I-ADJP +as B-PP B-PP +the B-NP B-NP +shah I-NP I-NP +of B-PP B-PP +Iran B-NP B-NP +, O O +as B-ADJP B-ADJP +well-born I-ADJP I-ADJP +as B-PP B-PP +Nicaragua B-NP B-NP +'s B-NP B-NP +Anastasio I-NP I-NP +Somoza I-NP I-NP +, O O +as B-ADJP B-ADJP +imperial I-ADJP I-ADJP +as B-PP B-PP +Ferdinand B-NP B-NP +Marcos I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Philippines I-NP I-NP +or O O +as B-ADJP B-ADJP +bloody I-ADJP I-ADJP +as B-PP B-PP +Haiti B-NP B-NP +'s B-NP B-NP +Baby I-NP I-NP +Doc I-NP I-NP +Duvalier I-NP I-NP +. O O + +Yet O O +he B-NP B-NP +has B-VP B-VP +proved I-VP I-VP +more B-ADJP B-ADJP +resilient I-ADJP I-ADJP +than B-PP B-PP +any B-NP B-NP +of B-PP B-PP +them B-NP B-NP +. O O + +And O O +out B-ADVP B-PP +of B-PP B-PP +necessity B-NP B-NP +: O O +The B-NP B-NP +U.S. I-NP I-NP +can B-VP B-VP +make I-VP I-VP +mistakes B-NP B-NP +and O O +still B-ADVP B-ADVP +hope B-VP B-VP +to I-VP I-VP +remove I-VP I-VP +him B-NP B-NP +from B-PP B-PP +power B-NP B-NP +, O O +but O O +a B-NP B-NP +single I-NP I-NP +error I-NP I-NP +on B-PP B-PP +his B-NP B-NP +part I-NP I-NP +could B-VP B-VP +cost I-VP I-VP +him B-NP B-NP +his B-NP B-NP +life I-NP I-NP +. O O + +`` O O +The B-NP B-NP +U.S. I-NP I-NP +underestimated B-VP B-VP +Noriega B-NP B-NP +all B-ADVP B-ADVP +along I-ADVP I-ADVP +, O O +'' O O +says B-VP B-VP +Ambler B-NP B-NP +Moss I-NP I-NP +, O O +a B-NP B-NP +former I-NP I-NP +Ambassador I-NP I-NP +to B-PP B-PP +Panama B-NP B-NP +. O O + +`` O O +He B-NP B-NP +has B-VP B-VP +mastered I-VP I-VP +the B-NP B-NP +art I-NP I-NP +of B-PP B-PP +survival B-NP B-NP +. O O +'' O O + +In B-PP B-PP +keeping B-VP B-VP +with B-PP B-PP +America B-NP B-NP +'s B-NP B-NP +long I-NP I-NP +history I-NP I-NP +of B-PP B-PP +propping B-VP B-VP +up B-PRT B-PRT +Mr. B-NP B-NP +Noriega I-NP I-NP +, O O +recent B-NP B-NP +U.S. I-NP I-NP +actions I-NP I-NP +have B-VP B-VP +extended I-VP I-VP +rather B-CONJP B-PP +than I-CONJP I-PP +shortened B-VP B-VP +his B-NP B-NP +survival I-NP I-NP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +might B-VP B-VP +have I-VP I-VP +fallen I-VP I-VP +of B-PP B-PP +his B-NP B-NP +own I-NP I-NP +weight I-NP I-NP +in B-PP B-PP +1988 B-NP B-NP +because B-PP B-PP +of I-PP I-PP +Panama B-NP B-NP +'s B-NP B-NP +dire I-NP I-NP +economic I-NP I-NP +situation I-NP I-NP +, O O +says B-VP B-VP +Mr. B-NP B-NP +Moss I-NP I-NP +, O O +but O O +increasing B-NP B-NP +external I-NP I-NP +pressure I-NP I-NP +has B-VP B-VP +only I-VP I-VP +given I-VP I-VP +him B-NP B-NP +additional B-NP B-NP +excuses I-NP I-NP +for B-PP B-PP +repression B-NP B-NP +, O O +and O O +a B-NP B-NP +scapegoat I-NP I-NP +for B-PP B-PP +his B-NP B-NP +own I-NP I-NP +mismanagement I-NP I-NP +. O O + +`` O O +If B-SBAR B-SBAR +the B-NP B-NP +U.S. I-NP I-NP +had B-VP B-VP +sat I-VP I-VP +back B-ADVP B-ADVP +and O O +done B-VP B-VP +nothing B-NP B-NP +, O O +he B-NP B-NP +might B-VP B-VP +not I-VP I-VP +have I-VP I-VP +made I-VP I-VP +it B-NP B-NP +through B-PP B-PP +1988 B-NP B-NP +, O O +'' O O +Mr. B-NP B-NP +Moss I-NP I-NP +contends B-VP B-VP +. O O + +Perhaps B-ADJP B-ADVP +most I-ADJP B-ADJP +important I-ADJP I-ADJP +, O O +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +allies I-NP I-NP +have B-VP B-VP +intervened I-VP I-VP +to I-VP I-VP +encourage I-VP I-VP +-- O O +in B-PP B-PP +some B-NP B-NP +cases I-NP I-NP +, O O +to B-VP B-VP +demand I-VP I-VP +-- O O +that B-SBAR B-SBAR +the B-NP B-NP +dictator I-NP I-NP +maintain B-VP B-VP +his B-NP B-NP +grip I-NP I-NP +of B-PP B-PP +the B-NP B-NP +throne I-NP I-NP +. O O + +One B-NP B-NP +Colombian I-NP I-NP +drug I-NP I-NP +boss I-NP I-NP +, O O +upon B-SBAR B-PP +hearing B-VP B-NP +in B-PP B-PP +1987 B-NP B-NP +that B-SBAR B-SBAR +Gen. B-NP B-NP +Noriega I-NP I-NP +was B-VP B-VP +negotiating I-VP I-VP +with B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +to B-VP B-VP +abandon I-VP I-VP +his B-NP B-NP +command I-NP I-NP +for B-PP B-PP +a B-NP B-NP +comfortable I-NP I-NP +exile I-NP I-NP +, O O +sent B-VP B-VP +him B-NP B-NP +a B-NP B-NP +hand-sized I-NP I-NP +mahogany I-NP I-NP +coffin I-NP I-NP +engraved B-VP B-VP +with B-PP B-PP +his B-NP B-NP +name I-NP I-NP +. O O + +`` O O +He B-NP B-NP +is B-VP B-VP +cornered B-ADJP I-VP +, O O +'' O O +says B-VP B-VP +the B-NP B-NP +Rev. I-NP I-NP +Fernando I-NP I-NP +Guardia I-NP I-NP +, O O +who B-NP B-NP +has B-VP B-VP +led I-VP I-VP +Catholic B-NP B-NP +Church I-NP I-NP +opposition I-NP I-NP +against B-PP B-PP +Noriega B-NP B-NP +. O O + +`` O O +The B-NP B-NP +Americans I-NP I-NP +have B-VP B-VP +left I-VP I-VP +him B-NP B-NP +without B-PP B-PP +a B-NP B-NP +way I-NP I-NP +out I-NP B-PRT +. O O + +It B-NP B-NP +is B-VP B-VP +easy B-ADJP B-ADJP +to B-VP B-VP +fight I-VP I-VP +when B-ADVP B-ADVP +you B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +have I-VP I-VP +any B-NP B-NP +other I-NP I-NP +option I-NP I-NP +. O O +'' O O + +His B-NP B-NP +chief I-NP I-NP +advantage I-NP I-NP +in B-PP B-PP +the B-NP B-NP +fight I-NP I-NP +: O O +his B-NP B-NP +intimate I-NP I-NP +knowledge I-NP I-NP +of B-PP B-PP +American B-NP B-NP +ways I-NP I-NP +and I-NP I-NP +weaknesses I-NP I-NP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +often B-ADVP B-ADVP +tells B-VP B-VP +friends B-NP B-NP +that B-SBAR O +patience B-NP B-NP +is B-VP B-VP +the B-NP B-NP +best I-NP I-NP +weapon I-NP I-NP +against B-PP B-PP +the B-NP B-NP +gringos I-NP I-NP +, O O +who B-NP B-NP +have B-VP B-VP +a B-NP B-NP +short I-NP I-NP +attention I-NP I-NP +span I-NP I-NP +and O O +little B-NP B-NP +stomach I-NP I-NP +for B-PP B-PP +lasting B-NP B-NP +confrontation I-NP I-NP +. O O + +The B-NP B-NP +U.S. I-NP I-NP +discovered B-VP B-VP +the B-NP B-NP +young I-NP I-NP +Tony I-NP I-NP +Noriega I-NP I-NP +in B-PP B-PP +late B-NP B-NP +1959 I-NP I-NP +, O O +when B-ADVP B-ADVP +he B-NP B-NP +was B-VP B-VP +in B-PP B-PP +his B-NP B-NP +second I-NP I-NP +year I-NP I-NP +at B-PP B-PP +the B-NP B-NP +Chorrillos I-NP I-NP +Military I-NP I-NP +Academy I-NP I-NP +in B-PP B-PP +Lima B-NP B-NP +, O O +according B-PP B-PP +to B-PP B-PP +former B-NP B-NP +U.S. I-NP I-NP +intelligence I-NP I-NP +officials I-NP I-NP +. O O + +The B-NP B-NP +contact I-NP I-NP +occurred B-VP B-VP +through B-PP B-PP +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +half-brother I-NP I-NP +, O O +a B-NP B-NP +Panamanian I-NP I-NP +diplomat I-NP I-NP +based B-VP B-VP +in B-PP B-PP +Peru B-NP B-NP +named B-VP B-VP +Luis B-NP B-NP +Carlos I-NP I-NP +Noriega I-NP I-NP +Hurtado I-NP I-NP +. O O + +Luis B-NP B-NP +Carlos I-NP I-NP +, O O +knowing B-VP B-VP +that B-SBAR B-SBAR +helping B-VP B-VP +the B-NP B-NP +Americans I-NP I-NP +could B-VP B-VP +advance I-VP I-VP +the B-NP B-NP +career I-NP I-NP +of B-PP B-PP +any B-NP B-NP +Panamanian I-NP I-NP +officer I-NP I-NP +, O O +relayed B-VP B-VP +Tony B-NP B-NP +'s B-NP B-NP +reports I-NP I-NP +on B-PP B-PP +the B-NP B-NP +leftist I-NP I-NP +tendencies I-NP I-NP +he B-NP B-NP +observed B-VP B-VP +among B-PP B-PP +his B-NP B-NP +fellow I-NP I-NP +students I-NP I-NP +and B-PP O +, O O +more B-ADVP B-ADJP +important I-ADVP I-ADJP +, O O +among B-PP B-PP +his B-NP B-NP +officers I-NP I-NP +and I-NP I-NP +instructors I-NP I-NP +. O O + +A B-NP B-NP +spy I-NP I-NP +was B-VP B-VP +born I-VP I-VP +. O O + +It B-NP B-NP +was B-VP B-VP +a B-NP B-NP +heady I-NP I-NP +experience I-NP I-NP +for B-PP B-PP +the B-NP B-NP +pockmarked I-NP I-NP +and I-NP O +slightly I-NP B-VP +built I-NP I-VP +Mr. I-NP B-NP +Noriega I-NP I-NP +, O O +who B-NP B-NP +was B-VP B-VP +known I-VP I-VP +to B-PP B-PP +his B-NP B-NP +friends I-NP I-NP +as B-PP B-PP +Cara B-NP B-NP +la I-NP I-NP +Pina I-NP I-NP +-- O O +pineapple B-NP B-NP +face I-NP I-NP +. O O + +Born B-VP B-VP +the B-NP B-NP +illegitimate I-NP I-NP +son I-NP I-NP +of B-PP B-PP +his B-NP B-NP +father I-NP I-NP +'s B-NP B-NP +maid I-NP I-NP +, O O +he B-NP B-NP +was B-VP B-VP +raised I-VP I-VP +on B-PP B-PP +the B-NP B-NP +mean I-NP I-NP +streets I-NP I-NP +of B-PP B-PP +the B-NP B-NP +central I-NP I-NP +market I-NP I-NP +district I-NP I-NP +of B-PP B-PP +Panama B-NP B-NP +City I-NP I-NP +. O O + +Tony B-NP B-NP +was B-VP B-VP +four B-NP B-NP +years I-NP I-NP +older B-ADJP B-ADJP +than B-PP B-PP +most B-NP B-NP +of B-PP B-PP +his B-NP B-NP +fellow I-NP I-NP +cadets I-NP I-NP +, O O +and O O +gained B-VP B-VP +admission B-NP B-NP +to B-PP B-PP +the B-NP B-NP +academy I-NP I-NP +because B-SBAR B-SBAR +his B-NP B-NP +brother I-NP I-NP +had B-VP B-VP +falsified I-VP I-VP +his B-NP B-NP +birth I-NP I-NP +certificate I-NP I-NP +. O O + +He B-NP B-NP +considered B-VP B-VP +himself B-NP B-NP +intellectually B-ADJP B-ADJP +superior I-ADJP I-ADJP +to B-PP B-PP +his B-NP B-NP +Peruvian I-NP I-NP +peers I-NP I-NP +, O O +many B-NP B-NP +of B-PP B-PP +whom B-NP B-NP +were B-VP B-VP +wayward B-NP B-NP +sons I-NP I-NP +sent B-VP B-VP +by B-PP B-PP +their B-NP B-NP +well-off I-NP I-NP +families I-NP I-NP +to B-PP B-PP +the B-NP B-NP +highly I-NP I-NP +disciplined I-NP I-NP +, I-NP I-NP +French-modeled I-NP I-NP +academy I-NP I-NP +as B-PP B-PP +a B-NP B-NP +sort I-NP I-NP +of B-PP B-PP +reform B-NP B-NP +school I-NP I-NP +. O O + +In B-PP B-PP +his B-NP B-NP +peaked I-NP I-NP +military I-NP I-NP +cap I-NP I-NP +and I-NP I-NP +neatly I-NP I-NP +pressed I-NP I-NP +, I-NP I-NP +French-made I-NP I-NP +uniform I-NP I-NP +, O O +Noriega B-NP B-NP +felt B-VP B-VP +more B-ADJP B-ADJP +respected I-ADJP I-ADJP +and I-ADJP I-ADJP +powerful I-ADJP I-ADJP +than B-PP B-PP +ever B-NP B-ADVP +in B-PP B-PP +his B-NP B-NP +underprivileged I-NP I-NP +life I-NP I-NP +, O O +friends B-NP B-NP +from B-PP B-PP +the B-NP B-NP +period I-NP I-NP +say B-VP B-VP +. O O + +`` O O +He B-NP B-NP +had B-VP B-VP +an B-NP B-NP +elegant I-NP I-NP +uniform I-NP I-NP +with B-PP B-PP +gold B-NP B-NP +buttons I-NP I-NP +in B-PP B-PP +a B-NP B-NP +country I-NP I-NP +where B-ADVP B-ADVP +there B-NP B-NP +was B-VP B-VP +a B-NP B-NP +cult I-NP I-NP +of B-PP B-PP +militarism B-NP B-NP +, O O +where B-ADVP B-ADVP +officers B-NP B-NP +were B-VP B-VP +the B-NP B-NP +elite I-NP I-NP +with B-PP B-PP +special B-NP B-NP +privileges I-NP I-NP +, O O +'' O O +recalls B-VP B-VP +Darien B-NP B-NP +Ayala I-NP I-NP +, O O +a B-NP B-NP +fellow I-NP I-NP +student I-NP I-NP +in B-PP B-PP +Peru B-NP B-NP +and O O +a B-NP B-NP +lifelong I-NP I-NP +friend I-NP I-NP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +relationship I-NP I-NP +to B-PP B-PP +American B-NP B-NP +intelligence I-NP I-NP +agencies I-NP I-NP +became B-VP B-VP +contractual B-ADJP B-ADJP +in B-PP B-PP +either B-NP B-NP +1966 I-NP I-NP +or I-NP I-NP +1967 I-NP I-NP +, O O +intelligence B-NP B-NP +officials I-NP I-NP +say B-VP B-VP +. O O + +His B-NP B-NP +commanding I-NP I-NP +officer I-NP I-NP +at B-PP B-PP +the B-NP B-NP +Chiriqui I-NP I-NP +Province I-NP I-NP +garrison I-NP I-NP +, O O +Major B-NP B-NP +Omar I-NP I-NP +Torrijos I-NP I-NP +, O O +gave B-VP B-VP +him B-NP B-NP +an B-NP B-NP +intriguing I-NP I-NP +assignment I-NP I-NP +: O O +Mr. B-NP B-NP +Noriega I-NP I-NP +would B-VP B-VP +organize I-VP I-VP +the B-NP B-NP +province I-NP I-NP +'s B-NP B-NP +first I-NP I-NP +intelligence I-NP I-NP +service I-NP I-NP +. O O + +The B-NP B-NP +spy I-NP I-NP +network I-NP I-NP +would B-VP B-VP +serve I-VP I-VP +two B-NP B-NP +clients I-NP I-NP +: O O +the B-NP B-NP +Panamanian I-NP I-NP +government I-NP I-NP +, O O +by B-PP B-PP +monitoring B-VP B-VP +political B-NP B-NP +opponents I-NP I-NP +in B-PP B-PP +the B-NP B-NP +region I-NP I-NP +, O O +and O O +the B-NP B-NP +U.S. I-NP I-NP +, O O +by B-PP B-PP +tracking B-VP B-VP +the B-NP B-NP +growing I-NP I-NP +Communist I-NP I-NP +influence I-NP I-NP +in B-PP B-PP +the B-NP B-NP +unions I-NP I-NP +organized B-VP B-VP +at B-PP B-PP +United B-NP B-NP +Fruit I-NP I-NP +Co. I-NP I-NP +'s B-NP B-NP +banana I-NP I-NP +plantations I-NP I-NP +in B-PP B-PP +Bocas B-NP B-NP +del I-NP I-NP +Toros I-NP I-NP +and O O +Puerto B-NP B-NP +Armuelles I-NP I-NP +. O O + +United B-NP B-NP +Fruit I-NP I-NP +was B-VP B-VP +one B-NP B-NP +of B-PP B-PP +the B-NP B-NP +two I-NP I-NP +largest I-NP I-NP +contributors I-NP I-NP +to B-PP B-PP +Panama B-NP B-NP +'s B-NP B-NP +national I-NP I-NP +income I-NP I-NP +. O O + +Satisfying B-VP B-VP +its B-NP B-NP +interests I-NP I-NP +was B-VP B-VP +a B-NP B-NP +priority I-NP I-NP +for B-PP B-PP +any B-NP B-NP +Panamanian I-NP I-NP +leader I-NP I-NP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +initial I-NP I-NP +retainer I-NP I-NP +was B-VP B-VP +only B-NP B-NP +$ I-NP I-NP +50 I-NP I-NP +to I-NP I-NP +$ I-NP I-NP +100 I-NP I-NP +a B-NP B-NP +month I-NP I-NP +, O O +plus O O +occasional B-NP B-NP +gifts I-NP I-NP +of B-PP B-PP +liquor B-NP B-NP +or I-NP I-NP +groceries I-NP I-NP +from B-PP B-PP +the B-NP B-NP +American I-NP I-NP +PX I-NP I-NP +, O O +a B-NP B-NP +former I-NP I-NP +intelligence I-NP I-NP +official I-NP I-NP +says B-VP B-VP +. O O + +It B-NP B-NP +was B-VP B-VP +modest B-NP B-NP +pay I-NP I-NP +by B-PP B-PP +American B-NP B-NP +standards I-NP I-NP +, O O +but O O +a B-NP B-NP +healthy I-NP I-NP +boost I-NP I-NP +to B-PP B-PP +his B-NP B-NP +small I-NP I-NP +military I-NP I-NP +salary I-NP I-NP +, O O +which B-NP B-NP +fellow B-NP B-NP +officers I-NP I-NP +remember B-VP B-VP +as B-PP B-PP +having B-VP B-VP +been I-VP I-VP +$ B-NP B-NP +300 I-NP I-NP +to I-NP I-NP +$ I-NP I-NP +400 I-NP I-NP +monthly B-ADVP B-ADVP +. O O + +`` O O +He B-NP B-NP +did B-VP B-VP +it B-NP B-NP +very B-ADVP B-ADVP +well I-ADVP I-ADVP +, O O +'' O O +recalls B-VP B-VP +Boris B-NP B-NP +Martinez I-NP I-NP +, O O +a B-NP B-NP +former I-NP I-NP +Panamanian I-NP I-NP +colonel I-NP I-NP +who B-NP B-NP +managed B-VP B-VP +Mr. B-NP B-NP +Noriega I-NP I-NP +and O O +his B-NP B-NP +operation I-NP I-NP +. O O + +`` O O +He B-NP B-NP +started B-VP B-VP +building I-VP I-VP +the B-NP B-NP +files I-NP I-NP +that B-NP B-NP +helped B-VP B-VP +him B-NP B-NP +gain B-VP B-VP +power B-NP B-NP +. O O +'' O O + +A B-NP B-NP +National I-NP I-NP +Guard I-NP I-NP +job I-NP I-NP +assumed B-VP B-VP +by B-PP B-PP +Capt. B-NP B-NP +Noriega I-NP I-NP +in B-PP B-PP +1964 B-NP B-NP +-- O O +as B-PP B-PP +chief B-NP B-NP +of B-PP B-PP +the B-NP B-NP +transit I-NP I-NP +police I-NP I-NP +in B-PP B-PP +David B-NP B-NP +City I-NP I-NP +, O O +capital B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Chiriqui I-NP I-NP +Province I-NP I-NP +-- O O +was B-VP B-VP +tailor-made B-ADJP B-ADJP +for B-PP B-PP +an B-NP B-NP +aspiring I-NP I-NP +super-spy I-NP I-NP +. O O + +By B-PP B-PP +pressuring B-VP B-VP +taxi B-NP B-NP +and I-NP I-NP +bus I-NP I-NP +drivers I-NP I-NP +who B-NP B-NP +needed B-VP B-VP +licenses B-NP B-NP +, O O +he B-NP B-NP +gained B-VP B-VP +a B-NP B-NP +ready I-NP I-NP +cache I-NP I-NP +of B-PP B-PP +information B-NP B-NP +. O O + +He B-NP B-NP +knew B-VP B-VP +which B-NP B-NP +local I-NP I-NP +luminaries I-NP I-NP +had B-VP B-VP +been I-VP I-VP +caught I-VP I-VP +driving B-VP I-VP +drunk B-ADVP B-ADJP +, O O +which B-NP B-NP +had B-VP B-VP +been I-VP I-VP +found I-VP I-VP +with B-PP B-PP +their B-NP B-NP +mistresses I-NP I-NP +. O O + +This B-NP B-NP +proved B-VP B-VP +particularly B-ADJP B-ADJP +valuable I-ADJP I-ADJP +to B-PP B-PP +the B-NP B-NP +Panamanian I-NP I-NP +government I-NP I-NP +in B-PP B-PP +1967 B-NP B-NP +, O O +when B-ADVP B-ADVP +union B-NP B-NP +leaders I-NP I-NP +were B-VP B-VP +planning I-VP I-VP +a B-NP B-NP +May I-NP I-NP +Day I-NP I-NP +march I-NP I-NP +that B-NP B-NP +the B-NP B-NP +government I-NP I-NP +feared B-VP B-VP +could B-VP B-VP +turn I-VP I-VP +violent B-ADJP B-ADJP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +had B-VP B-VP +learned I-VP I-VP +that B-SBAR B-SBAR +a B-NP B-NP +local I-NP I-NP +union I-NP I-NP +leader I-NP I-NP +was B-VP B-VP +sleeping I-VP I-VP +with B-PP B-PP +the B-NP B-NP +wife I-NP I-NP +of B-PP B-PP +his B-NP B-NP +deputy I-NP I-NP +. O O + +So O O +he B-NP B-NP +splashed B-VP B-VP +the B-NP B-NP +information I-NP I-NP +on B-PP B-PP +handbills B-NP B-NP +that B-NP B-NP +he B-NP B-NP +distributed B-VP B-VP +throughout B-PP B-PP +the B-NP B-NP +banana-exporting I-NP I-NP +city I-NP I-NP +of B-PP B-PP +Puerto B-NP B-NP +Armuelles I-NP I-NP +, O O +which B-NP B-NP +was B-VP B-VP +ruled I-VP I-VP +by B-PP B-PP +United B-NP B-NP +Fruit I-NP I-NP +Co I-NP I-NP +. O O + +The B-NP B-NP +campaign I-NP I-NP +so B-VP B-VP +divided I-VP I-VP +union B-NP B-NP +leaders I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +government I-NP I-NP +found B-VP B-VP +them B-NP B-NP +far B-ADJP B-ADJP +easier I-ADJP I-ADJP +to B-VP B-VP +control I-VP I-VP +. O O + +`` O O +It B-NP B-NP +was B-VP B-VP +like B-PP B-PP +a B-NP B-NP +play I-NP I-NP +on B-PP B-PP +Broadway B-NP B-NP +, O O +'' O O +recalls B-VP B-VP +Mr. B-NP B-NP +Martinez I-NP I-NP +. O O + +`` O O +Noriega B-NP B-NP +managed B-VP B-VP +the B-NP B-NP +whole I-NP I-NP +thing I-NP I-NP +. O O + +He B-NP B-NP +was B-VP B-VP +superb B-ADJP B-ADJP +. O O + +Noriega B-NP B-NP +was B-VP B-VP +an B-NP B-NP +expert I-NP I-NP +at B-PP B-PP +bribing B-VP B-VP +and I-VP I-VP +blackmailing I-VP I-VP +people B-NP B-NP +. O O +'' O O + +During B-PP B-PP +his B-NP B-NP +years I-NP I-NP +in B-PP B-PP +Chiriqui B-NP B-NP +, O O +however B-ADVP B-ADVP +, O O +Mr. B-NP B-NP +Noriega I-NP I-NP +also B-ADVP B-ADVP +revealed B-VP B-VP +himself B-NP B-NP +as B-PP B-PP +an B-NP B-NP +officer I-NP I-NP +as B-ADJP B-ADJP +perverse I-ADJP I-ADJP +as B-SBAR B-SBAR +he B-NP B-NP +was B-VP B-VP +ingenious B-ADJP B-ADJP +. O O + +Rodrigo B-NP B-NP +Miranda I-NP I-NP +, O O +a B-NP B-NP +local I-NP I-NP +lawyer I-NP I-NP +and I-NP I-NP +human-rights I-NP I-NP +monitor I-NP I-NP +, O O +recalls B-VP B-VP +an B-NP B-NP +intoxicated I-NP I-NP +Noriega I-NP I-NP +visiting B-VP B-VP +prisoners B-NP B-NP +in B-PP B-PP +their B-NP B-NP +cells I-NP I-NP +at B-PP B-PP +the B-NP B-NP +5th I-NP I-NP +Zone I-NP I-NP +Garrison I-NP I-NP +headquarters I-NP I-NP +in B-PP B-PP +David B-NP B-NP +, O O +where B-ADVP B-ADVP +he B-NP B-NP +had B-VP B-VP +his B-NP B-NP +offices I-NP I-NP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +would B-VP B-VP +order I-VP I-VP +them B-NP B-NP +all B-ADVP B-NP +to B-VP B-VP +take I-VP I-VP +off O B-PRT +their B-NP B-NP +clothes I-NP I-NP +and O O +run B-VP B-VP +around B-PP B-PP +the B-NP B-NP +courtyard I-NP I-NP +naked B-ADVP B-VP +, O O +laughing B-VP B-VP +at B-PP B-PP +them B-NP B-NP +and O O +then B-ADVP O +retreating B-VP B-VP +to B-PP B-PP +his B-NP B-NP +office I-NP I-NP +. O O + +`` O O +People B-NP B-NP +started B-VP B-VP +wondering I-VP I-VP +if B-SBAR B-SBAR +something B-NP B-NP +was B-VP B-VP +wrong B-ADJP B-ADJP +with B-PP B-PP +him B-NP B-NP +, O O +'' O O +Mr. B-NP B-NP +Miranda I-NP I-NP +recalls B-VP B-VP +. O O + +But O O +through B-PP B-PP +this B-NP B-NP +period I-NP I-NP +, O O +so B-ADVP B-ADVP +far I-ADVP I-ADVP +as B-SBAR B-SBAR +the B-NP B-NP +U.S. I-NP I-NP +military I-NP I-NP +was B-VP B-VP +concerned I-VP B-ADJP +, O O +Mr. B-NP B-NP +Noriega I-NP I-NP +was B-VP B-VP +a B-NP B-NP +model I-NP I-NP +recruit I-NP I-NP +. O O + +He B-NP B-NP +signed B-VP B-VP +up B-PRT B-PRT +for B-PP B-PP +intelligence B-NP B-NP +and I-NP I-NP +counter-intelligence I-NP I-NP +training I-NP I-NP +under B-PP B-PP +American B-NP B-NP +officers I-NP I-NP +at B-PP B-PP +Fort B-NP B-NP +Gulick I-NP I-NP +in B-PP B-PP +Panama B-NP B-NP +in B-PP B-PP +July B-NP B-NP +1967 I-NP I-NP +, O O +according B-PP B-PP +to B-PP B-PP +a B-NP B-NP +copy I-NP I-NP +of B-PP B-PP +a B-NP B-NP +1983 I-NP I-NP +resume I-NP I-NP +with B-PP B-PP +details B-NP B-NP +Mr. B-NP B-NP +Noriega I-NP I-NP +has B-VP B-VP +since I-VP I-VP +classified I-VP I-VP +as B-PP B-PP +secret B-ADJP B-ADJP +. O O + +He B-NP B-NP +flew B-VP B-VP +to B-PP B-PP +Fort B-NP B-NP +Bragg I-NP I-NP +, O O +N.C. B-NP B-NP +, O O +in B-PP B-PP +September B-NP B-NP +of B-PP B-PP +that B-NP B-NP +year I-NP I-NP +for B-PP B-PP +a B-NP B-NP +course I-NP I-NP +in B-PP B-PP +psychological B-NP B-NP +operations I-NP I-NP +, O O +returning B-VP B-VP +to B-PP B-PP +the B-NP B-NP +School I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Americas I-NP I-NP +in B-PP B-PP +Panama B-NP B-NP +for B-PP B-PP +a B-NP B-NP +two-month I-NP I-NP +course I-NP I-NP +called B-VP B-VP +`` O O +military B-NP B-NP +intelligence I-NP I-NP +for B-PP B-PP +officers B-NP B-NP +. O O +'' O O + +Some B-NP B-NP +American I-NP I-NP +officers I-NP I-NP +interpreted B-VP B-VP +his B-NP B-NP +eagerness I-NP I-NP +and I-NP I-NP +studiousness I-NP I-NP +as B-PP B-PP +a B-NP B-NP +sign I-NP I-NP +of B-PP B-PP +loyalty B-NP B-NP +, O O +but O O +they B-NP B-NP +did B-VP B-VP +so B-ADVP B-ADVP +falsely B-ADVP I-ADVP +. O O + +He B-NP B-NP +rose B-VP B-VP +to B-PP B-PP +chief B-NP B-NP +of B-PP B-PP +intelligence B-NP B-NP +in B-PP B-PP +Panama B-NP B-NP +'s B-NP B-NP +socalled I-NP I-NP +G-2 I-NP I-NP +in B-PP B-PP +1970 B-NP B-NP +after B-PP B-PP +providing B-VP B-VP +populist B-NP B-NP +dictator I-NP I-NP +Torrijos B-NP I-NP +the B-NP B-NP +critical I-NP I-NP +support I-NP I-NP +to B-VP B-VP +defeat I-VP I-VP +a B-NP B-NP +coup I-NP I-NP +attempt I-NP I-NP +against B-PP B-PP +him B-NP B-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +He B-NP B-NP +became B-VP B-VP +Gen. B-NP B-NP +Torrijos I-NP I-NP +'s B-NP B-NP +inseparable I-NP I-NP +shadow I-NP I-NP +, O O +and O O +the B-NP B-NP +holder I-NP I-NP +of B-PP B-PP +all B-NP B-NP +Panama I-NP I-NP +'s B-NP B-NP +secrets I-NP I-NP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +, O O +by B-PP B-PP +now B-NP B-ADVP +a B-NP B-NP +lieutenant I-NP I-NP +colonel I-NP I-NP +, O O +expanded B-VP B-VP +his B-NP B-NP +contacts I-NP I-NP +to B-VP B-VP +include I-VP I-VP +the B-NP B-NP +Cubans I-NP I-NP +-- O O +not B-CONJP B-CONJP +to O O +mention O O +the B-NP B-NP +Israelis I-NP I-NP +, O O +the B-NP B-NP +Taiwanese I-NP I-NP +and O O +any B-NP B-NP +other I-NP I-NP +intelligence I-NP I-NP +service I-NP I-NP +that B-NP B-NP +came B-VP B-VP +knocking I-VP I-VP +. O O + +When B-ADVP B-ADVP +U.S. B-NP B-NP +diplomats I-NP I-NP +complained B-VP B-VP +to B-PP B-PP +the B-NP B-NP +CIA I-NP I-NP +of B-PP B-PP +Col. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +moonlighting I-NP I-NP +, O O +intelligence B-NP B-NP +experts I-NP I-NP +always B-ADVP B-ADVP +insisted B-VP B-VP +that O O +his B-NP B-NP +allegiance I-NP I-NP +was B-VP B-VP +first B-ADVP B-ADVP +to B-PP B-PP +the B-NP B-NP +Americans I-NP I-NP +. O O + +`` O O +Early B-ADVP B-VP +on I-ADVP B-PRT +in B-PP B-PP +the B-NP B-NP +State I-NP I-NP +Department I-NP I-NP +, O O +we B-NP B-NP +took B-VP B-VP +to B-PP B-PP +calling B-VP B-VP +him B-NP B-NP +the B-NP B-NP +rent-a-colonel I-NP I-NP +, O O +in B-PP B-PP +tribute B-NP B-NP +to B-PP B-PP +his B-NP B-NP +ability I-NP I-NP +to B-VP B-VP +simultaneously I-VP I-VP +milk I-VP I-VP +the B-NP B-NP +antagonistic I-NP I-NP +intelligence I-NP I-NP +services I-NP I-NP +of B-PP B-PP +Cuba B-NP B-NP +and O O +the B-NP B-NP +United I-NP I-NP +States I-NP I-NP +, O O +'' O O +recalls B-VP B-VP +Francis B-NP B-NP +J. I-NP I-NP +McNeil I-NP I-NP +, O O +who B-NP B-NP +, O O +as B-PP B-PP +deputy B-NP B-NP +assistant I-NP I-NP +secretary I-NP I-NP +of B-PP B-PP +state B-NP B-NP +for B-PP B-PP +inter-American B-NP B-NP +affairs I-NP I-NP +, O O +first B-ADVP B-ADVP +ran B-VP B-VP +across B-PP B-PP +reports B-NP B-NP +about B-PP B-PP +Mr. B-NP B-NP +Noriega I-NP I-NP +in B-PP B-PP +1977 B-NP B-NP +. O O + +`` O O +Some B-NP B-NP +of B-PP B-PP +us B-NP B-NP +wondered B-VP B-VP +how B-ADVP B-ADVP +our B-NP B-NP +intelligence I-NP I-NP +people I-NP I-NP +could B-VP B-VP +put I-VP I-VP +so B-NP B-NP +much I-NP I-NP +stock I-NP I-NP +in B-PP B-PP +his B-NP B-NP +information I-NP I-NP +when B-ADVP B-ADVP +he B-NP B-NP +was B-VP B-VP +just B-ADJP B-ADJP +as I-ADJP I-ADJP +close I-ADJP I-ADJP +to B-PP B-PP +the B-NP B-NP +Cubans I-NP I-NP +. O O +'' O O + +Even B-ADVP B-ADVP +at B-PP B-PP +this B-NP B-NP +early I-NP I-NP +stage I-NP I-NP +, O O +drugs B-NP B-NP +caused B-VP B-VP +additional B-NP B-NP +concerns I-NP I-NP +. O O + +During B-PP B-PP +the B-NP B-NP +Nixon I-NP I-NP +administration I-NP I-NP +, O O +the B-NP B-NP +Drug I-NP I-NP +Enforcement I-NP I-NP +Administration I-NP I-NP +became B-VP B-VP +dismayed I-VP B-ADJP +at B-PP B-PP +the B-NP B-NP +extent I-NP I-NP +of B-PP B-PP +the B-NP B-NP +G-2 I-NP I-NP +'s B-NP B-NP +connections I-NP I-NP +to B-PP B-PP +arrested B-NP B-NP +drug I-NP I-NP +traffickers I-NP I-NP +. O O + +One B-NP B-NP +DEA I-NP I-NP +agent I-NP I-NP +drew B-VP B-VP +up B-PRT B-PRT +a B-NP B-NP +list I-NP I-NP +of B-PP B-PP +five B-NP B-NP +options I-NP I-NP +for B-PP B-PP +dealing B-VP B-VP +with B-PP B-PP +Col. B-NP B-NP +Noriega I-NP I-NP +, O O +one B-NP B-NP +of B-PP B-PP +which B-NP B-NP +was B-VP B-VP +assassination B-NP B-NP +. O O + +The B-NP B-NP +head I-NP I-NP +of B-PP B-PP +the B-NP B-NP +DEA I-NP I-NP +at B-PP B-PP +the B-NP B-NP +time I-NP I-NP +, O O +John B-NP B-NP +Ingersoll I-NP I-NP +, O O +scotched B-VP B-VP +the B-NP B-NP +assassination I-NP I-NP +plan I-NP I-NP +. O O + +But O O +he B-NP B-NP +did B-VP B-VP +fly I-VP I-VP +to B-PP B-PP +Panama B-NP B-NP +to B-VP B-VP +scold I-VP I-VP +dictator B-NP B-NP +Torrijos I-NP I-NP +on B-PP B-PP +the B-NP B-NP +drug I-NP I-NP +ties I-NP I-NP +of B-PP B-PP +Panamanian B-NP B-NP +officials I-NP I-NP +, O O +including B-PP B-PP +Mr. B-NP B-NP +Noriega I-NP I-NP +. O O + +Mr. B-NP B-NP +Ingersoll I-NP I-NP +later B-ADVP B-ADVP +recalled B-VP B-VP +that B-SBAR B-SBAR +Gen. B-NP B-NP +Torrijos I-NP I-NP +seemed B-VP B-VP +afraid B-ADJP B-ADJP +to B-VP B-VP +act I-VP I-VP +on B-PP B-PP +the B-NP B-NP +concerns I-NP I-NP +of B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +. O O + +`` O O +Everybody B-NP B-NP +was B-VP B-VP +afraid B-ADJP B-ADJP +of B-PP B-PP +him B-NP B-NP +, O O +'' O O +Mr. B-NP B-NP +Ingersoll I-NP I-NP +says B-VP B-VP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +became B-VP B-VP +an B-NP B-NP +even I-NP I-NP +greater I-NP I-NP +threat I-NP I-NP +in B-PP B-PP +1976 B-NP B-NP +, O O +when B-ADVP B-ADVP +U.S. B-NP B-NP +intelligence I-NP I-NP +services I-NP I-NP +discovered B-VP B-VP +that B-SBAR B-SBAR +he B-NP B-NP +had B-VP B-VP +been I-VP I-VP +buying I-VP I-VP +recordings B-NP B-NP +of B-PP B-PP +electronically B-NP B-NP +monitored I-NP I-NP +conversations I-NP I-NP +from B-PP B-PP +three B-NP B-NP +sergeants I-NP I-NP +working B-VP B-VP +for B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +Army I-NP I-NP +'s B-NP B-NP +470th I-NP I-NP +Military I-NP I-NP +Intelligence I-NP I-NP +Group I-NP I-NP +. O O + +The B-NP B-NP +tapes I-NP I-NP +included B-VP B-VP +wiretaps B-NP B-NP +of B-PP B-PP +Gen. B-NP B-NP +Torrijos I-NP I-NP +'s B-NP B-NP +own I-NP I-NP +phone I-NP I-NP +, O O +according B-PP B-PP +to B-PP B-PP +American B-NP B-NP +intelligence I-NP I-NP +officials I-NP I-NP +. O O + +`` O O +We B-NP B-NP +caught B-VP B-VP +him B-NP B-NP +with B-PP B-PP +his B-NP B-NP +hands I-NP I-NP +on B-PP B-PP +our B-NP B-NP +cookie I-NP I-NP +jar I-NP I-NP +, O O +'' O O +says B-VP B-VP +former B-NP B-NP +CIA I-NP I-NP +Director I-NP I-NP +Stansfield I-NP I-NP +Turner I-NP I-NP +. O O + +For B-PP B-PP +the B-NP B-NP +first I-NP I-NP +time I-NP I-NP +, O O +the B-NP B-NP +U.S. I-NP I-NP +considered B-VP B-VP +cutting I-VP I-VP +Mr. B-NP B-NP +Noriega I-NP I-NP +from B-PP B-PP +its B-NP B-NP +intelligence I-NP I-NP +payroll I-NP I-NP +-- O O +and O O +the B-NP B-NP +deliberations I-NP I-NP +were B-VP B-VP +intense B-ADJP B-ADJP +, O O +Mr. B-NP B-NP +Turner I-NP I-NP +says B-VP B-VP +. O O + +`` O O +In B-PP B-PP +the B-NP B-NP +world I-NP I-NP +of B-PP B-PP +intelligence B-NP B-NP +, O O +if B-SBAR B-SBAR +you B-NP B-NP +want B-VP B-VP +to I-VP I-VP +get I-VP I-VP +information B-NP B-NP +, O O +you B-NP B-NP +get B-VP B-VP +it B-NP B-NP +from B-PP B-PP +seedy B-NP B-NP +characters I-NP I-NP +. O O + +The B-NP B-NP +question I-NP I-NP +is B-VP B-VP +how B-ADVP B-NP +much I-ADVP I-NP +you B-NP B-NP +get B-VP B-VP +tied I-VP I-VP +in B-PRT B-PP +with B-PP B-PP +seedy B-NP B-NP +characters I-NP I-NP +so B-SBAR B-SBAR +they B-NP B-NP +can B-VP B-VP +extort I-VP I-VP +you B-NP B-NP +. O O +'' O O + +Intelligence B-NP B-NP +officials I-NP I-NP +to B-PP B-PP +this B-NP B-NP +day I-NP I-NP +worry B-VP B-VP +whether B-SBAR B-SBAR +Mr. B-NP B-NP +Noriega I-NP I-NP +sold B-VP B-VP +sensitive B-NP B-NP +information I-NP I-NP +on B-PP B-PP +the B-NP B-NP +recordings I-NP I-NP +to B-PP B-PP +the B-NP B-NP +Cubans I-NP I-NP +or O I-NP +others B-NP I-NP +. O O + +Mr. B-NP B-NP +Turner I-NP I-NP +was B-VP B-VP +troubled I-VP B-ADJP +enough B-ADVP I-ADJP +to B-VP B-VP +cancel I-VP I-VP +the B-NP B-NP +U.S. I-NP I-NP +contract I-NP I-NP +with B-PP B-PP +the B-NP B-NP +rent-a-colonel I-NP I-NP +at B-PP B-PP +the B-NP B-NP +beginning I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Carter I-NP I-NP +administration I-NP I-NP +. O O + +The B-NP B-NP +U.S. I-NP I-NP +soon B-ADVP B-ADVP +found B-VP B-VP +new B-NP B-NP +cause I-NP I-NP +for B-PP B-PP +concern B-NP B-NP +: O O +gun-running B-NP B-NP +. O O + +Prosecutors B-NP B-NP +in B-PP B-PP +Southern B-NP B-NP +Florida I-NP I-NP +indicted B-VP B-VP +five B-NP B-NP +Panamanians I-NP I-NP +on B-PP B-PP +charges B-NP B-NP +of B-PP B-PP +illegally B-VP B-VP +running I-VP I-VP +arms B-NP B-NP +to B-PP B-PP +Sandinista B-NP B-NP +rebels I-NP I-NP +trying B-VP B-VP +to I-VP I-VP +overthrow I-VP I-VP +the B-NP B-NP +Nicaraguan I-NP I-NP +government I-NP I-NP +of B-PP B-PP +Mr. B-NP B-NP +Somoza I-NP I-NP +. O O + +They B-NP B-NP +included B-VP B-VP +one B-NP B-NP +of B-PP B-PP +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +closest I-NP I-NP +friends I-NP I-NP +and I-NP I-NP +business I-NP I-NP +partners I-NP I-NP +, O O +Carlos B-NP B-NP +Wittgreen I-NP I-NP +. O O + +And O O +the B-NP B-NP +investigators I-NP I-NP +were B-VP B-VP +quickly I-VP I-VP +closing I-VP I-VP +in B-PRT B-PRT +on B-PP B-PP +Mr. B-NP B-NP +Noriega I-NP I-NP +himself B-NP B-NP +. O O + +At B-PP B-PP +the B-NP B-NP +time I-NP I-NP +, O O +though B-ADVP B-ADVP +, O O +in B-PP B-PP +1979 B-NP B-NP +, O O +the B-NP B-NP +U.S. I-NP I-NP +was B-VP B-VP +once I-VP I-VP +again I-VP I-VP +flirting I-VP I-VP +with B-PP B-PP +its B-NP B-NP +longtime I-NP I-NP +Latin I-NP I-NP +American I-NP I-NP +spy I-NP I-NP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +made B-VP B-VP +plans B-NP B-NP +to B-VP B-VP +fly I-VP I-VP +to B-PP B-PP +Washington B-NP B-NP +for B-PP B-PP +a B-NP B-NP +meeting I-NP I-NP +with B-PP B-PP +his B-NP B-NP +counterpart I-NP I-NP +at B-PP B-PP +the B-NP B-NP +Pentagon I-NP I-NP +. O O + +Dade B-NP B-NP +County I-NP I-NP +and I-NP O +federal I-NP B-NP +authorities I-NP I-NP +, O O +learning B-VP B-VP +that B-SBAR B-SBAR +he B-NP B-NP +intended B-VP B-VP +to I-VP I-VP +fly I-VP I-VP +through B-PP B-PP +Miami B-NP B-NP +, O O +made B-VP B-VP +plans B-NP B-NP +to B-VP B-VP +arrest I-VP I-VP +him B-NP B-NP +on B-PP B-PP +the B-NP B-NP +gun-running I-NP I-NP +charges I-NP I-NP +as B-ADVP B-ADVP +soon I-ADVP I-ADVP +as B-SBAR B-SBAR +he B-NP B-NP +hit B-VP B-VP +U.S. B-NP B-NP +soil I-NP I-NP +. O O + +It B-NP B-NP +was B-VP B-VP +a B-NP B-NP +Friday I-NP I-NP +in B-PP B-PP +June B-NP B-NP +. O O + +The B-NP B-NP +Pentagon I-NP I-NP +foiled B-VP B-VP +the B-NP B-NP +plan I-NP I-NP +. O O + +According B-PP B-PP +to B-PP B-PP +military B-NP B-NP +officers I-NP I-NP +at B-PP B-PP +the B-NP B-NP +time I-NP I-NP +, O O +word B-NP B-NP +was B-VP B-VP +passed I-VP I-VP +to B-PP B-PP +Mr. B-NP B-NP +Noriega I-NP I-NP +by B-PP B-PP +his B-NP B-NP +American I-NP I-NP +hosts I-NP I-NP +that B-SBAR B-NP +the B-NP B-NP +police I-NP I-NP +would B-VP B-VP +be I-VP I-VP +waiting I-VP I-VP +. O O + +On B-PP B-PP +Monday B-NP B-NP +, O O +U.S. B-NP B-NP +officials I-NP I-NP +received B-VP B-VP +a B-NP B-NP +routine I-NP I-NP +, I-NP I-NP +unclassified I-NP I-NP +message I-NP I-NP +from B-PP B-PP +the B-NP B-NP +military I-NP I-NP +group I-NP I-NP +commander I-NP I-NP +in B-PP B-PP +Panama B-NP B-NP +. O O + +`` O O +Due B-PP B-ADJP +to I-PP B-PP +health B-NP B-NP +reasons I-NP I-NP +, O O +Lt. B-NP B-NP +Col. I-NP I-NP +Noriega I-NP I-NP +has B-VP B-VP +elected I-VP I-VP +to I-VP I-VP +postpone I-VP I-VP +his B-NP B-NP +visit I-NP I-NP +to B-PP B-PP +Washington B-NP B-NP +, O O +'' O O +it B-NP B-NP +read B-VP B-VP +. O O + +Prosecutors B-NP B-NP +in B-PP B-PP +Miami B-NP B-NP +received B-VP B-VP +yet B-NP B-NP +another I-NP I-NP +setback I-NP I-NP +. O O + +Their B-NP B-NP +original I-NP I-NP +indictment I-NP I-NP +against B-PP B-PP +Mr. B-NP B-NP +Wittgreen I-NP I-NP +, O O +the B-NP B-NP +friend I-NP I-NP +of B-PP B-PP +Mr. B-NP B-NP +Noriega I-NP I-NP +, O O +and O O +the B-NP B-NP +other I-NP I-NP +four I-NP I-NP +was B-VP B-VP +dismissed I-VP I-VP +on B-PP B-PP +a B-NP B-NP +technicality I-NP I-NP +. O O + +But O O +now B-ADVP B-ADVP +, O O +along B-ADVP B-PP +with B-PP B-PP +reindicting B-VP B-VP +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +pal I-NP I-NP +, O O +they B-NP B-NP +intended B-VP B-VP +to I-VP I-VP +charge I-VP I-VP +Mr. B-NP B-NP +Noriega I-NP I-NP +himself B-NP B-NP +, O O +on B-PP B-PP +allegations B-NP B-NP +that B-SBAR B-SBAR +he B-NP B-NP +was B-VP B-VP +involved I-VP I-VP +in B-PP B-PP +the B-NP B-NP +illegal I-NP I-NP +trading I-NP I-NP +of B-PP B-PP +some B-NP B-NP +$ I-NP I-NP +2 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +arms B-NP B-NP +. O O + +In B-PP B-PP +January B-NP B-NP +1980 I-NP I-NP +, O O +Jerome B-NP B-NP +Sanford I-NP I-NP +, O O +as B-PP B-PP +assistant B-NP B-NP +U.S. I-NP I-NP +attorney I-NP I-NP +, O O +was B-VP B-VP +summoned I-VP I-VP +to B-PP B-PP +a B-NP B-NP +meeting I-NP I-NP +with B-PP B-PP +a B-NP B-NP +Federal I-NP I-NP +Bureau I-NP I-NP +of B-PP B-PP +Investigation B-NP B-NP +agent B-NP B-NP +assigned B-VP B-VP +to B-PP B-PP +the B-NP B-NP +Bureau I-NP I-NP +of B-PP B-PP +Alcohol B-NP B-NP +, I-NP I-NP +Tobacco I-NP I-NP +and I-NP I-NP +Firearms I-NP I-NP +in B-PP B-PP +Miami B-NP B-NP +. O O + +Panamanian B-NP B-NP +dictator I-NP I-NP +Torrijos B-NP I-NP +, O O +he B-NP B-NP +was B-VP B-VP +told I-VP I-VP +, O O +had B-VP B-VP +granted I-VP I-VP +the B-NP B-NP +shah I-NP I-NP +of B-PP B-PP +Iran B-NP B-NP +asylum B-NP I-NP +in B-PP B-PP +Panama B-NP B-NP +as B-PP B-PP +a B-NP B-NP +favor I-NP I-NP +to B-PP B-PP +Washington B-NP B-NP +. O O + +Mr. B-NP B-NP +Sanford I-NP I-NP +was B-VP B-VP +told I-VP I-VP +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +friend I-NP I-NP +, O O +Mr. B-NP B-NP +Wittgreen I-NP I-NP +, O O +would B-VP B-VP +be I-VP I-VP +handling I-VP I-VP +the B-NP B-NP +shah I-NP I-NP +'s B-NP B-NP +security I-NP I-NP +. O O + +It B-NP B-NP +would B-VP B-VP +n't I-VP I-VP +be I-VP I-VP +a B-NP B-NP +good I-NP I-NP +idea I-NP I-NP +to O B-VP +indict B-VP I-VP +him B-NP B-NP +-- O O +much B-ADVP B-ADVP +less I-ADVP I-ADVP +Mr. B-NP B-NP +Noriega I-NP I-NP +, O O +the B-NP B-NP +prosecutor I-NP I-NP +was B-VP B-VP +told I-VP I-VP +. O O + +After B-PP B-PP +prodding B-NP B-VP +from B-PP B-PP +Mr. B-NP B-NP +Sanford I-NP I-NP +, O O +U.S. B-NP B-NP +Attorney I-NP I-NP +Jack I-NP I-NP +Eskenazi I-NP I-NP +pleaded B-VP B-VP +with B-PP B-PP +Justice B-NP B-NP +Department I-NP I-NP +officials I-NP I-NP +in B-PP B-PP +Washington B-NP B-NP +to B-VP B-VP +let I-VP I-VP +the B-NP B-NP +indictment I-NP I-NP +proceed B-VP B-VP +. O O + +`` O O +Unfortunately B-ADVP B-ADVP +, O O +'' O O +Mr. B-NP B-NP +Eskenazi I-NP I-NP +wrote B-VP B-VP +in B-PP B-PP +a B-NP B-NP +letter I-NP I-NP +, O O +`` O O +those B-NP B-NP +of B-PP B-PP +us B-NP B-NP +in B-PP B-PP +law B-NP B-NP +enforcement I-NP I-NP +in B-PP B-PP +Miami B-NP B-NP +find B-VP B-VP +ourselves B-NP B-NP +frequently B-VP B-ADVP +attempting I-VP B-VP +to I-VP I-VP +enforce I-VP I-VP +the B-NP B-NP +laws I-NP I-NP +of B-PP B-PP +the B-NP B-NP +United I-NP I-NP +States I-NP I-NP +but O O +simultaneously B-VP B-VP +being I-VP I-VP +caught I-VP I-VP +between B-PP B-PP +foreign B-NP B-NP +policy I-NP I-NP +considerations I-NP I-NP +over B-PP B-PP +which B-NP B-NP +we B-NP B-NP +have B-VP B-VP +no B-NP B-NP +control I-NP I-NP +. O O +'' O O + +The B-NP B-NP +letter I-NP I-NP +, O O +along B-ADVP B-PP +with B-PP B-PP +a B-NP B-NP +detailed I-NP I-NP +prosecution I-NP I-NP +memo I-NP I-NP +, O O +sat B-VP B-VP +on B-PP B-PP +the B-NP B-NP +desks I-NP I-NP +of B-PP B-PP +Justice B-NP B-NP +officials I-NP I-NP +for B-PP B-PP +months B-NP B-NP +before B-SBAR B-SBAR +the B-NP B-NP +case I-NP I-NP +died B-VP B-VP +a B-NP B-NP +quiet I-NP I-NP +death I-NP I-NP +. O O + +`` O O +I B-NP B-NP +think B-VP B-VP +if B-SBAR B-SBAR +we B-NP B-NP +had B-VP B-VP +been I-VP I-VP +allowed I-VP I-VP +to I-VP I-VP +go I-VP I-VP +ahead B-ADVP B-ADVP +then B-ADVP B-ADVP +we B-NP B-NP +would B-VP B-VP +n't I-VP I-VP +have I-VP I-VP +the B-NP B-NP +problems I-NP I-NP +we B-NP B-NP +have B-VP B-VP +now B-ADVP B-ADVP +, O O +'' O O +Mr. B-NP B-NP +Sanford I-NP I-NP +says B-VP B-VP +. O O + +`` O O +If B-SBAR B-SBAR +he B-NP B-NP +had B-VP B-VP +been I-VP I-VP +found I-VP I-VP +guilty B-ADJP B-ADJP +, O O +we B-NP B-NP +could B-VP B-VP +have I-VP I-VP +stopped I-VP I-VP +him B-NP B-NP +. O O +'' O O + +In B-PP B-PP +August B-NP B-NP +1983 I-NP I-NP +, O O +Mr. B-NP B-NP +Noriega I-NP I-NP +took B-VP B-VP +over B-PRT B-PRT +as B-PP B-PP +General B-NP B-NP +and O I-NP +de-facto B-NP I-NP +dictator I-NP I-NP +of B-PP B-PP +Panama B-NP B-NP +, O O +having B-VP B-VP +maneuvered I-VP I-VP +his B-NP B-NP +way I-NP I-NP +to B-PP B-PP +the B-NP B-NP +top I-NP I-NP +only B-NP B-NP +two I-NP I-NP +years I-NP I-NP +after B-PP B-PP +the B-NP B-NP +mysterious I-NP I-NP +death I-NP I-NP +in B-PP B-PP +a B-NP B-NP +plane I-NP I-NP +crash I-NP I-NP +of B-PP B-PP +his B-NP B-NP +old I-NP I-NP +boss I-NP I-NP +Omar I-NP I-NP +Torrijos I-NP I-NP +. O O + +Soon B-ADVP B-ADVP +, O O +the B-NP B-NP +military I-NP I-NP +became B-VP B-VP +a B-NP B-NP +veritable I-NP I-NP +mafia I-NP I-NP +controlling B-VP B-VP +legal B-NP B-NP +and I-NP I-NP +illegal I-NP I-NP +businesses I-NP I-NP +. O O + +The B-NP B-NP +Reagan I-NP I-NP +administration I-NP I-NP +also B-ADVP B-ADVP +put B-VP B-VP +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +G-2 I-NP I-NP +back B-ADVP B-ADVP +on B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +payroll I-NP I-NP +. O O + +Payments B-NP B-NP +averaged B-VP B-VP +nearly B-NP B-NP +$ I-NP I-NP +200,000 I-NP I-NP +a B-NP B-NP +year I-NP I-NP +from B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +Defense I-NP I-NP +Intelligence I-NP I-NP +Agency I-NP I-NP +and O O +the B-NP B-NP +CIA I-NP I-NP +. O O + +Although B-SBAR B-SBAR +working B-VP B-VP +for B-PP B-PP +U.S. B-NP B-NP +intelligence I-NP I-NP +, O O +Mr. B-NP B-NP +Noriega I-NP I-NP +was B-VP B-VP +hardly I-VP I-VP +helping I-VP I-VP +the B-NP B-NP +U.S. I-NP I-NP +exclusively B-ADVP B-ADVP +. O O + +During B-PP B-PP +the B-NP B-NP +Reagan I-NP I-NP +years I-NP I-NP +he B-NP B-NP +expanded B-VP B-VP +his B-NP B-NP +business I-NP I-NP +and I-NP I-NP +intelligence I-NP I-NP +contacts I-NP I-NP +with B-PP B-PP +the B-NP B-NP +Cubans I-NP I-NP +and O O +the B-NP B-NP +Sandinistas I-NP I-NP +. O O + +He B-NP B-NP +allegedly B-ADVP B-ADVP +entered B-VP B-VP +into B-PP B-PP +Panama B-NP B-NP +'s B-NP B-NP +first I-NP I-NP +formal I-NP I-NP +business I-NP I-NP +arrangement I-NP I-NP +with B-PP B-PP +Colombian B-NP B-NP +drug I-NP I-NP +bosses I-NP I-NP +, O O +according B-PP B-PP +to B-PP B-PP +Floyd B-NP B-NP +Carlton I-NP I-NP +, O O +a B-NP B-NP +pilot I-NP I-NP +who B-NP B-NP +once B-ADVP B-ADVP +worked B-VP B-VP +for B-PP B-PP +Mr. B-NP B-NP +Noriega I-NP I-NP +and O O +who B-NP B-NP +testified B-VP B-VP +before B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +grand I-NP I-NP +jury I-NP I-NP +in B-PP B-PP +Miami B-NP B-NP +that B-NP B-NP +would B-VP B-VP +ultimately I-VP I-VP +indict I-VP I-VP +the B-NP B-NP +Panamanian I-NP I-NP +on B-PP B-PP +drug B-NP B-NP +charges I-NP I-NP +. O O + +But O O +Mr. B-NP B-NP +Noriega I-NP I-NP +was B-VP B-VP +convinced I-VP I-VP +the B-NP B-NP +Reagan I-NP I-NP +White I-NP I-NP +House I-NP I-NP +would B-VP B-VP +n't I-VP I-VP +act I-VP I-VP +against B-PP B-PP +him B-NP B-NP +, O O +recalls B-VP B-VP +his B-NP B-NP +close I-NP I-NP +ally I-NP I-NP +Jose B-NP I-NP +Blandon I-NP I-NP +, O O +because B-SBAR B-SBAR +he B-NP B-NP +had B-VP B-VP +an B-NP B-NP +insurance I-NP I-NP +policy I-NP I-NP +: O O +his B-NP B-NP +involvement I-NP I-NP +with B-PP B-PP +the B-NP B-NP +Contra I-NP I-NP +rebels I-NP I-NP +in B-PP B-PP +Nicaragua B-NP B-NP +. O O + +Mr. B-NP B-NP +Blandon I-NP I-NP +says B-VP B-VP +the B-NP B-NP +general I-NP I-NP +allowed B-VP B-VP +the B-NP B-NP +Contras I-NP I-NP +to B-VP B-VP +set I-VP I-VP +up B-PRT B-PRT +a B-NP B-NP +secret I-NP I-NP +training I-NP I-NP +center I-NP I-NP +in B-PP B-PP +Panama B-NP B-NP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +also B-ADVP B-ADVP +conveyed B-VP B-VP +intelligence B-NP B-NP +from B-PP B-PP +his B-NP B-NP +spy I-NP I-NP +operation I-NP I-NP +inside B-PP B-PP +the B-NP B-NP +Nicaraguan I-NP I-NP +capital I-NP I-NP +of B-PP B-PP +Managua B-NP B-NP +. O O + +And O O +on B-PP B-PP +at B-NP B-NP +least I-NP I-NP +one I-NP I-NP +occasion I-NP I-NP +, O O +in B-PP B-PP +the B-NP B-NP +spring I-NP I-NP +of B-PP B-PP +1985 B-NP B-NP +, O O +he B-NP B-NP +helped B-VP B-VP +arrange I-VP I-VP +a B-NP B-NP +sabotage I-NP I-NP +attack I-NP I-NP +on B-PP B-PP +a B-NP B-NP +Sandinista I-NP I-NP +arsenal I-NP I-NP +in B-PP B-PP +Nicaragua B-NP B-NP +. O O + +Although B-SBAR B-SBAR +, O O +his B-NP B-NP +help I-NP I-NP +for B-PP B-PP +the B-NP B-NP +Contra I-NP I-NP +cause I-NP I-NP +was B-VP B-VP +limited I-VP I-VP +, O O +it B-NP B-NP +was B-VP B-VP +enough B-ADJP B-ADJP +to B-VP B-VP +win I-VP I-VP +him B-NP B-NP +important B-NP B-NP +protectors I-NP I-NP +in B-PP B-PP +the B-NP B-NP +Reagan I-NP I-NP +administration I-NP I-NP +, O O +says B-VP B-VP +Sen. B-NP B-NP +Patrick I-NP I-NP +Leahy I-NP I-NP +, O O +a B-NP B-NP +Vermont I-NP I-NP +Democrat I-NP I-NP +who B-NP B-NP +then B-ADVP B-ADVP +served B-VP B-VP +on B-PP B-PP +the B-NP B-NP +Senate I-NP I-NP +Intelligence I-NP I-NP +Committee I-NP I-NP +. O O + +`` O O +Noriega B-NP B-NP +played B-VP B-VP +U.S. B-NP B-NP +intelligence I-NP I-NP +agencies I-NP I-NP +and O O +the B-NP B-NP +U.S. I-NP I-NP +government I-NP I-NP +like B-PP B-PP +a B-NP B-NP +violin I-NP I-NP +, O O +'' O O +he B-NP B-NP +says B-VP B-VP +. O O + +An B-NP B-NP +incident I-NP I-NP +in B-PP B-PP +1984 B-NP B-NP +suggested B-VP B-VP +one B-NP B-NP +additional I-NP I-NP +means I-NP I-NP +by B-PP B-PP +which B-NP B-NP +Mr. B-NP B-NP +Noriega I-NP I-NP +might B-VP B-VP +have I-VP I-VP +maintained I-VP I-VP +such B-NP B-NP +influence I-NP I-NP +with B-PP B-PP +Washington B-NP B-NP +-- O O +by B-PP B-PP +compromising B-VP B-VP +U.S. B-NP B-NP +officials I-NP I-NP +. O O + +Curtin B-NP B-NP +Windsor I-NP I-NP +, O O +then B-ADVP B-ADVP +the B-NP B-NP +ambassador I-NP I-NP +to B-PP B-PP +Costa B-NP B-NP +Rica I-NP I-NP +, O O +recalls B-VP B-VP +being I-VP I-VP +invited I-VP I-VP +to B-PP B-PP +Panama B-NP B-NP +by B-PP B-PP +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +brother I-NP I-NP +Luis B-NP I-NP +Carlos I-NP I-NP +for B-PP B-PP +a B-NP B-NP +weekend I-NP I-NP +of B-PP B-PP +deep B-NP B-NP +sea I-NP I-NP +fishing I-NP I-NP +and O O +`` O O +quiet B-NP B-NP +, I-NP I-NP +serious I-NP I-NP +conversation I-NP I-NP +'' O O +on B-PP B-PP +the B-NP B-NP +Aswara I-NP I-NP +Peninsula I-NP I-NP +. O O + +Mr. B-NP B-NP +Windsor I-NP I-NP +notified B-VP B-VP +Everett B-NP B-NP +E. I-NP I-NP +Briggs I-NP I-NP +, O O +the B-NP B-NP +U.S. I-NP I-NP +ambassador I-NP I-NP +to B-PP B-PP +Panama B-NP B-NP +, O O +of B-PP B-PP +the B-NP B-NP +invitation I-NP I-NP +. O O + +`` O O +Briggs B-NP B-NP +screamed B-VP B-VP +, O O +'' O O +Mr. B-NP B-NP +Windsor I-NP I-NP +recalls B-VP B-VP +. O O + +He B-NP B-NP +says B-VP B-VP +Mr. B-NP B-NP +Briggs I-NP I-NP +told B-VP B-VP +him B-NP B-NP +he B-NP B-NP +was B-VP B-VP +being I-VP I-VP +set I-VP I-VP +up B-PRT B-PRT +for B-PP B-PP +a B-NP B-NP +`` I-NP I-NP +honey I-NP I-NP +trap I-NP I-NP +, O O +'' O O +in B-PP B-PP +which B-NP B-NP +Mr. B-NP B-NP +Noriega I-NP I-NP +would B-VP B-VP +try I-VP I-VP +to I-VP I-VP +involve I-VP I-VP +him B-NP B-NP +in B-PP B-PP +an B-NP B-NP +orgy I-NP I-NP +and O O +then B-VP O +record I-VP B-VP +the B-NP B-NP +event I-NP I-NP +`` O O +with B-PP B-PP +sound B-NP B-NP +and I-NP I-NP +video I-NP I-NP +. O O +'' O O + +Mr. B-NP B-NP +Briggs I-NP I-NP +, O O +on B-PP B-PP +vacation B-NP B-NP +after B-PP B-PP +resigning B-VP B-VP +his B-NP B-NP +position I-NP I-NP +at B-PP B-PP +the B-NP B-NP +National I-NP I-NP +Security I-NP I-NP +Council I-NP I-NP +, O O +could B-VP B-VP +n't I-VP I-VP +be I-VP I-VP +reached I-VP I-VP +for B-PP B-PP +comment B-NP B-NP +. O O + +As B-SBAR B-SBAR +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +political I-NP I-NP +troubles I-NP I-NP +grew B-VP B-VP +, O O +so B-ADVP B-ADVP +did O B-VP +his B-NP B-NP +offers I-NP I-NP +of B-PP B-PP +assistance B-NP B-NP +to B-PP B-PP +the B-NP B-NP +Contras I-NP I-NP +, O O +an B-NP B-NP +apparent I-NP I-NP +attempt I-NP I-NP +to B-VP B-VP +curry I-VP I-VP +more B-NP B-NP +favor I-NP I-NP +in B-PP B-PP +Washington B-NP B-NP +. O O + +For B-PP B-PP +instance B-NP B-NP +, O O +he B-NP B-NP +helped B-VP B-VP +steal I-VP I-VP +the B-NP B-NP +May I-NP I-NP +1984 I-NP I-NP +Panamanian I-NP I-NP +elections I-NP I-NP +for B-PP B-PP +the B-NP B-NP +ruling I-NP I-NP +party I-NP I-NP +. O O + +But O O +just B-NP B-NP +one I-NP I-NP +month I-NP I-NP +later B-ADVP B-ADVP +, O O +he B-NP B-NP +also B-ADVP B-ADVP +contributed B-VP B-VP +$ B-NP B-NP +100,000 I-NP I-NP +to B-PP B-PP +a B-NP B-NP +Contra I-NP I-NP +leader I-NP I-NP +, O O +according B-PP B-PP +to B-PP B-PP +documents B-NP B-NP +released B-VP B-VP +for B-PP B-PP +Oliver B-NP B-NP +North I-NP I-NP +'s B-NP B-NP +criminal I-NP I-NP +trial I-NP I-NP +in B-PP B-PP +Washington B-NP B-NP +, O O +D.C B-NP B-NP +. O O + +Yet B-ADVP B-ADVP +, O O +his B-NP B-NP +political I-NP I-NP +setbacks I-NP I-NP +mounted B-VP B-VP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +was B-VP B-VP +accused I-VP I-VP +of B-PP B-PP +ordering B-VP B-VP +in B-PP B-PP +1985 B-NP B-NP +the B-NP B-NP +beheading I-NP I-NP +of B-PP B-PP +Hugo B-NP B-NP +Spadafora I-NP I-NP +, O O +his B-NP B-NP +most I-NP I-NP +outspoken I-NP I-NP +political I-NP I-NP +opponent I-NP I-NP +and O O +the B-NP B-NP +first I-NP I-NP +man I-NP I-NP +to B-VP B-VP +publicly I-VP I-VP +finger I-VP I-VP +Mr. B-NP B-NP +Noriega I-NP I-NP +on B-PP B-PP +drug B-NP B-NP +trafficking I-NP I-NP +charges I-NP I-NP +. O O + +He B-NP B-NP +then B-ADVP B-ADVP +ousted B-VP B-VP +President B-NP B-NP +Nicholas I-NP I-NP +Ardito I-NP I-NP +Barletta I-NP I-NP +, O O +a B-NP B-NP +former I-NP I-NP +World I-NP I-NP +Bank I-NP I-NP +official I-NP I-NP +with B-PP B-PP +close B-NP B-NP +ties I-NP I-NP +to B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +, O O +after B-SBAR B-SBAR +Mr. B-NP B-NP +Barletta I-NP I-NP +tried B-VP B-VP +to I-VP I-VP +create I-VP I-VP +a B-NP B-NP +commission I-NP I-NP +to B-VP B-VP +investigate I-VP I-VP +the B-NP B-NP +murder I-NP I-NP +. O O + +And O O +, O O +all B-NP B-NP +the I-NP I-NP +while I-NP I-NP +, O O +Panama B-NP B-NP +'s B-NP B-NP +debt I-NP I-NP +problems I-NP I-NP +continued B-VP B-VP +to I-VP I-VP +grow I-VP I-VP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +was B-VP B-VP +growing I-VP I-VP +desperate B-ADJP B-ADJP +. O O + +In B-PP B-PP +late B-NP B-NP +1986 I-NP I-NP +, O O +he B-NP B-NP +made B-VP B-VP +an B-NP B-NP +offer I-NP I-NP +he B-NP B-NP +thought B-VP B-VP +the B-NP B-NP +U.S. I-NP I-NP +could B-VP B-VP +n't I-VP I-VP +refuse I-VP I-VP +. O O + +As B-SBAR B-SBAR +recounted B-VP B-VP +in B-PP B-PP +a B-NP B-NP +stipulation I-NP I-NP +that B-NP B-NP +summarized B-VP B-VP +government B-NP B-NP +documents I-NP I-NP +released B-VP B-VP +for B-PP B-PP +the B-NP B-NP +North I-NP I-NP +trial I-NP I-NP +, O O +Mr. B-NP B-NP +Noriega I-NP I-NP +offered B-VP B-VP +to I-VP I-VP +assassinate I-VP I-VP +the B-NP B-NP +Sandinista I-NP I-NP +leadership I-NP I-NP +in B-PP B-PP +exchange B-NP B-NP +`` O O +for B-PP B-PP +a B-NP B-NP +promise I-NP I-NP +to B-VP B-VP +help I-VP I-VP +clean I-VP I-VP +up B-PRT B-PRT +Noriega B-NP B-NP +'s B-NP B-NP +image I-NP I-NP +and O O +a B-NP B-NP +commitment I-NP I-NP +to B-VP B-VP +lift I-VP I-VP +the B-NP O +-LCB- I-NP O +U.S. I-NP O +. I-NP O +-RCB- I-NP O +ban I-NP B-NP +on B-PP B-PP +military B-NP B-NP +sales I-NP I-NP +to B-PP B-PP +the B-NP B-NP +Panamanian I-NP I-NP +Defense I-NP I-NP +Forces I-NP I-NP +. O O +'' O O + +`` O O +North B-NP B-NP +, O O +'' O O +the B-NP B-NP +document I-NP I-NP +went B-VP B-VP +on B-ADVP B-PRT +, O O +referring B-VP B-VP +to B-PP B-PP +Oliver B-NP B-NP +North I-NP I-NP +, O O +`` O O +has B-VP B-VP +told I-VP I-VP +Noriega B-NP B-NP +'s B-NP B-NP +representative I-NP I-NP +that B-SBAR B-SBAR +U.S. B-NP B-NP +law I-NP I-NP +forbade B-VP B-VP +such B-NP B-NP +actions I-NP I-NP +. O O + +The B-NP B-NP +representative I-NP I-NP +responded B-VP B-VP +that B-SBAR B-SBAR +Noriega B-NP B-NP +had B-VP B-VP +numerous B-NP B-NP +assets I-NP I-NP +in B-PP B-PP +place B-NP B-NP +in B-PP B-PP +Nicaragua B-NP B-NP +and O O +could B-VP B-VP +accomplish I-VP I-VP +many B-NP B-NP +essential I-NP I-NP +things I-NP I-NP +, O O +just B-ADVP B-SBAR +as B-SBAR I-SBAR +Noriega B-NP B-NP +had B-VP B-VP +helped I-VP I-VP +-LCB- O O +the B-NP B-NP +U.S. I-NP I-NP +. O O +-RCB- O O +the B-NP B-NP +previous I-NP I-NP +year I-NP I-NP +in B-PP B-PP +blowing B-VP B-VP +up B-PRT B-PRT +a B-NP B-NP +Sandinista I-NP I-NP +arsenal I-NP I-NP +. O O +'' O O + +Col. B-NP B-NP +North I-NP I-NP +conveyed B-VP B-VP +the B-NP B-NP +request I-NP I-NP +to B-PP B-PP +his B-NP B-NP +superiors I-NP I-NP +and B-PP B-PP +to B-PP B-PP +Assistant O O +Secretary O O +of B-PP B-PP +State B-NP B-NP +Elliot B-NP B-NP +Abrams I-NP I-NP +, O O +who B-NP B-NP +relayed B-VP B-VP +it B-NP B-NP +to B-PP B-PP +Secretary O O +of B-PP B-PP +State B-NP B-NP +George B-NP B-NP +Shultz I-NP I-NP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +proposal I-NP I-NP +was B-VP B-VP +turned I-VP I-VP +down B-PRT B-PRT +. O O + +And O O +Mr. B-NP B-NP +Shultz I-NP I-NP +curtly B-VP B-ADVP +told I-VP B-VP +Mr. B-NP B-NP +Abrams I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +general I-NP I-NP +should B-VP B-VP +be I-VP I-VP +told I-VP I-VP +that B-SBAR B-SBAR +only B-NP B-NP +he I-NP B-NP +could B-VP B-VP +repair I-VP I-VP +his B-NP B-NP +tarnished I-NP I-NP +image I-NP I-NP +. O O + +The B-NP B-NP +end I-NP I-NP +of B-PP B-PP +the B-NP B-NP +marriage I-NP I-NP +was B-VP B-VP +at B-PP B-PP +hand B-NP B-NP +. O O + +Within B-PP B-PP +weeks B-NP B-NP +the B-NP B-NP +unfolding I-NP I-NP +Iran-Contra I-NP I-NP +scandal I-NP I-NP +took B-VP B-VP +away B-ADVP B-PRT +Mr. B-NP B-NP +Noriega I-NP I-NP +'s B-NP B-NP +insurance I-NP I-NP +policy I-NP I-NP +. O O + +The B-NP B-NP +death I-NP I-NP +of B-PP B-PP +CIA B-NP B-NP +Director I-NP I-NP +William B-NP I-NP +Casey I-NP I-NP +and O O +resignation B-NP B-NP +of B-PP B-PP +Oliver B-NP B-NP +North I-NP I-NP +allowed B-VP B-VP +anti-Noriega B-NP B-NP +political I-NP I-NP +forces I-NP I-NP +to B-VP B-VP +gain I-VP I-VP +influence B-NP B-NP +. O O + +Public B-NP B-NP +protests I-NP I-NP +against B-PP B-PP +him B-NP B-NP +were B-VP B-VP +triggered I-VP I-VP +in B-PP B-PP +June B-NP B-NP +1987 I-NP I-NP +due B-PP B-PP +to I-PP B-PP +charges B-NP B-NP +by B-PP B-PP +Diaz B-NP B-NP +Herrera I-NP I-NP +, O O +his B-NP B-NP +former I-NP I-NP +chief I-NP I-NP +of B-PP B-PP +staff B-NP B-NP +, O O +that B-SBAR B-SBAR +Mr. B-NP B-NP +Noriega I-NP I-NP +had B-VP B-VP +stolen I-VP I-VP +the B-NP B-NP +1984 I-NP I-NP +election I-NP I-NP +and O O +had B-VP B-VP +ordered I-VP I-VP +the B-NP B-NP +killing I-NP I-NP +of B-PP B-PP +Messrs. B-NP B-NP +Spadafora I-NP I-NP +and I-NP I-NP +Torrijos I-NP I-NP +. O O + +Few B-NP B-NP +American I-NP I-NP +officials I-NP I-NP +were B-VP B-VP +willing I-VP I-VP +any I-VP B-ADVP +longer I-VP I-ADVP +to I-VP B-VP +defend I-VP I-VP +him B-NP B-NP +. O O + +Lawyers B-NP B-NP +in B-PP B-PP +Miami B-NP B-NP +-- O O +this B-NP B-NP +time I-NP I-NP +working B-VP B-VP +virtually B-ADVP B-ADVP +without B-PP B-PP +impediment B-NP B-NP +-- O O +prepared B-VP B-VP +to I-VP I-VP +have I-VP I-VP +him B-NP B-NP +indicted B-VP B-VP +on B-PP B-PP +drug B-NP B-NP +charges I-NP I-NP +in B-PP B-PP +February B-NP B-NP +1988 I-NP I-NP +. O O + +During B-PP B-PP +negotiations B-NP B-NP +with B-PP B-PP +American B-NP B-NP +officials I-NP I-NP +in B-PP B-PP +May B-NP B-NP +1988 I-NP I-NP +over B-PP B-PP +proposals B-NP B-NP +to B-VP B-VP +drop I-VP I-VP +the B-NP B-NP +U.S. I-NP I-NP +indictments I-NP I-NP +in B-PP B-PP +exchange B-NP B-NP +for B-PP B-PP +his B-NP B-NP +resignation I-NP I-NP +, O O +Mr. B-NP B-NP +Noriega I-NP I-NP +often B-ADVP B-ADVP +asked B-VP B-VP +almost B-ADVP B-ADVP +plaintively I-ADVP I-ADVP +how B-ADVP B-ADVP +the B-NP B-NP +Americans I-NP I-NP +, O O +whom B-NP B-NP +he B-NP B-NP +had B-VP B-VP +helped I-VP I-VP +for B-PP B-PP +so B-NP B-NP +many I-NP I-NP +years I-NP I-NP +, O O +could B-VP B-VP +turn I-VP I-VP +against B-PP B-PP +him B-NP B-NP +. O O + +Now B-ADVP B-ADVP +, O O +neither B-NP B-NP +side I-NP I-NP +-- O O +the B-NP B-NP +U.S. I-NP I-NP +nor O O +Mr. B-NP B-NP +Noriega I-NP I-NP +-- O O +has B-VP B-VP +an B-NP B-NP +easy I-NP I-NP +out I-NP B-ADJP +. O O + +President B-NP B-NP +Bush I-NP I-NP +has B-VP B-VP +sworn I-VP I-VP +to I-VP B-VP +bring I-VP I-VP +him B-NP B-NP +to B-PP B-PP +justice B-NP B-NP +. O O + +Mr. B-NP B-NP +Noriega I-NP I-NP +believes B-VP B-VP +he B-NP B-NP +has B-VP B-VP +n't O O +any B-NP B-NP +alternative I-NP I-NP +but O O +to B-VP B-VP +continue I-VP I-VP +clutching I-VP I-VP +to B-PP B-PP +power B-NP B-NP +. O O + +It B-NP B-NP +is B-VP B-VP +a B-NP B-NP +knock-out I-NP I-NP +battle I-NP I-NP +-- O O +perhaps O B-ADVP +to B-PP B-PP +the B-NP B-NP +death I-NP I-NP +. O O + +In B-PP B-PP +the B-NP B-NP +end I-NP I-NP +, O O +is O O +Mr. B-NP B-NP +Noriega I-NP I-NP +the B-NP B-NP +political I-NP I-NP +equivalent I-NP I-NP +of B-PP B-PP +Frankenstein B-NP B-NP +'s B-NP B-NP +monster I-NP I-NP +, O O +created B-VP B-VP +by B-PP B-PP +a B-NP B-NP +well-intentioned I-NP I-NP +but I-NP I-NP +misguided I-NP I-NP +foreign I-NP I-NP +power I-NP I-NP +? O O + +Not B-ADVP B-ADVP +quite I-ADVP I-ADVP +, O O +Sen. B-NP B-NP +Leahy I-NP I-NP +contends B-VP B-VP +. O O + +`` O O +For B-PP B-PP +short-term B-NP B-NP +gains I-NP I-NP +, O O +people B-NP B-NP +were B-VP B-VP +willing B-ADJP B-ADJP +to B-VP B-VP +put I-VP I-VP +up B-PRT B-PRT +with B-PP B-PP +him B-NP B-NP +. O O + +That B-NP B-NP +allowed B-VP B-VP +him B-NP B-NP +to B-VP B-VP +get I-VP I-VP +stronger B-ADJP B-ADJP +and I-ADJP I-ADJP +stronger I-ADJP I-ADJP +, O O +'' O O +he B-NP B-NP +says B-VP B-VP +. O O + +`` O O +I B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +think I-VP I-VP +we B-NP B-NP +created B-VP B-VP +him B-NP B-NP +as B-ADVP B-ADVP +much I-ADVP I-ADVP +as B-SBAR B-SBAR +we B-NP B-NP +fed B-VP B-VP +him B-NP B-NP +, O O +nurtured B-VP B-VP +him B-NP B-NP +and O O +let B-VP B-VP +him B-NP B-NP +grow B-VP B-VP +up O B-PRT +to B-VP B-VP +be I-VP I-VP +big B-ADJP B-ADJP +and I-ADJP I-ADJP +strong I-ADJP I-ADJP +. O O + +UPJOHN B-NP B-NP +Co. I-NP I-NP +reported B-VP B-VP +that B-SBAR B-SBAR +third-quarter B-NP B-NP +net I-NP I-NP +income I-NP I-NP +rose B-VP B-VP +to B-PP B-PP +$ B-NP B-NP +96 I-NP I-NP +million I-NP I-NP +, O O +or O O +52 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +from O B-PP +$ B-NP B-NP +89.6 I-NP I-NP +million I-NP I-NP +, B-PP O +or I-PP O +49 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +Yesterday B-NP B-NP +'s B-NP B-NP +edition I-NP I-NP +provided B-VP B-VP +analysts B-NP B-NP +' B-NP B-NP +estimates I-NP I-NP +for B-PP B-PP +the B-NP B-NP +company I-NP I-NP +when B-ADVP B-ADVP +actual B-NP B-NP +earnings I-NP I-NP +were B-VP B-VP +available B-ADJP B-ADJP +. O O + +Industrial B-NP B-NP +production I-NP I-NP +declined B-VP B-VP +0.1 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +September B-NP B-NP +, O O +reinforcing B-VP B-VP +other B-NP B-NP +signs I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +manufacturing I-NP I-NP +sector I-NP I-NP +continues B-VP B-VP +its B-NP B-NP +slowing I-NP I-NP +trend I-NP I-NP +. O O + +The B-NP B-NP +Federal I-NP I-NP +Reserve I-NP I-NP +Board I-NP I-NP +said B-VP B-VP +output B-NP B-NP +of B-PP B-PP +the B-NP B-NP +nation I-NP I-NP +'s B-NP B-NP +factories I-NP I-NP +, I-NP I-NP +mines I-NP I-NP +and I-NP I-NP +utilities I-NP I-NP +expanded B-VP B-VP +at B-PP B-PP +an B-NP B-NP +annual I-NP I-NP +rate I-NP I-NP +of B-PP B-PP +1.3 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +the B-NP B-NP +third I-NP I-NP +quarter I-NP I-NP +, O O +substantially B-ADJP B-ADVP +slower I-ADJP I-ADVP +than B-PP B-PP +the B-NP B-NP +3.3 I-NP I-NP +% I-NP I-NP +annual I-NP I-NP +rate I-NP I-NP +in B-PP B-PP +the B-NP B-NP +second I-NP I-NP +quarter I-NP I-NP +. O O + +`` O O +Capital B-NP B-NP +spending I-NP I-NP +and I-NP I-NP +exports I-NP I-NP +, O O +which B-NP B-NP +have B-VP B-VP +been I-VP I-VP +the B-NP B-NP +driving I-NP I-NP +force I-NP I-NP +in B-PP B-PP +this B-NP B-NP +expansion I-NP I-NP +, O O +are B-VP B-VP +showing I-VP I-VP +clear B-NP B-NP +signs I-NP I-NP +of B-PP B-PP +having B-VP B-VP +the B-NP B-NP +steam I-NP I-NP +taken B-VP B-VP +out B-ADVP B-ADVP +of B-PP B-PP +them B-NP B-NP +, O O +'' O O +said B-VP B-VP +Robert B-NP B-NP +Dederick I-NP I-NP +, O O +economist B-NP B-NP +for B-PP B-PP +Northern B-NP B-NP +Trust I-NP I-NP +Co. I-NP I-NP +in B-PP B-PP +Chicago B-NP B-NP +. O O + +The B-NP B-NP +new I-NP I-NP +reports I-NP I-NP +of B-PP B-PP +sluggishness B-NP B-NP +, O O +which B-NP B-NP +were B-VP B-VP +foreshadowed I-VP I-VP +by B-PP B-PP +an B-NP B-NP +earlier I-NP I-NP +Labor I-NP I-NP +Department I-NP I-NP +report I-NP I-NP +that B-SBAR B-SBAR +manufacturing B-NP B-NP +payrolls I-NP I-NP +dropped B-VP B-VP +by B-PP B-PP +105,000 B-NP B-NP +in B-PP B-PP +September B-NP B-NP +, O O +give B-VP B-VP +the B-NP B-NP +Fed I-NP I-NP +another B-NP B-NP +reason I-NP I-NP +to B-VP B-VP +further I-VP I-VP +ease I-VP I-VP +its B-NP B-NP +grip I-NP I-NP +on B-PP B-PP +credit B-NP B-NP +and O O +lower B-VP B-NP +interest B-NP I-NP +rates I-NP I-NP +. O O + +`` O O +They B-NP B-NP +need B-VP B-VP +to I-VP I-VP +do I-VP I-VP +something B-NP B-NP +about B-PP B-PP +this B-NP B-NP +, O O +'' O O +said B-VP B-VP +Maury B-NP B-NP +Harris I-NP I-NP +, O O +economist B-NP B-NP +at B-PP B-PP +PaineWebber B-NP B-NP +Group I-NP I-NP +Inc I-NP I-NP +. O O + +The B-NP B-NP +Fed I-NP I-NP +also B-ADVP B-ADVP +said B-VP B-VP +U.S. B-NP B-NP +industry I-NP I-NP +operated B-VP B-VP +at B-PP B-PP +83.6 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +capacity B-NP B-NP +last B-NP B-NP +month I-NP I-NP +, O O +down B-ADVP B-ADVP +from B-PP B-PP +83.8 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +August B-NP B-NP +. O O + +Measures B-NP B-NP +of B-PP B-PP +manufacturing B-NP B-NP +activity I-NP I-NP +fell B-VP B-VP +more B-ADVP B-ADVP +than B-PP B-PP +the B-NP B-NP +overall I-NP I-NP +measures I-NP I-NP +. O O + +Factory B-NP B-NP +output I-NP I-NP +dropped B-VP B-VP +0.2 B-NP B-NP +% I-NP I-NP +, O O +its B-NP B-NP +first I-NP I-NP +decline I-NP I-NP +since B-PP B-PP +February B-NP B-NP +, O O +after B-SBAR B-PP +having B-VP B-VP +been I-VP I-VP +unchanged B-ADJP B-ADJP +in B-PP B-PP +October B-NP B-NP +. O O + +Factories B-NP B-NP +operated B-VP B-VP +at B-PP B-PP +83.7 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +capacity B-NP B-NP +, O O +the B-NP B-NP +lowest I-NP I-NP +rate I-NP I-NP +in B-PP B-PP +more B-NP B-NP +than I-NP I-NP +a I-NP I-NP +year I-NP I-NP +and O O +down B-ADVP B-ADVP +from B-PP B-PP +84.1 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +September B-NP B-NP +. O O + +The B-NP B-NP +declines I-NP I-NP +mainly B-ADVP B-VP +reflected B-VP I-VP +widespread B-NP B-NP +weakness I-NP I-NP +in B-PP B-PP +durable B-NP B-NP +goods I-NP I-NP +, O O +those B-NP B-NP +intended B-VP B-VP +to I-VP I-VP +last I-VP I-VP +more B-NP B-NP +than I-NP I-NP +three I-NP I-NP +years I-NP I-NP +. O O + +The B-NP B-NP +biggest I-NP I-NP +drop I-NP I-NP +was B-VP B-VP +recorded I-VP I-VP +by B-PP B-PP +primary B-NP B-NP +metals I-NP I-NP +producers I-NP I-NP +, O O +a B-NP B-NP +category I-NP I-NP +that B-NP B-NP +includes B-VP B-VP +the B-NP B-NP +steel I-NP I-NP +industry I-NP I-NP +. O O + +Output B-NP B-NP +of B-PP B-PP +business B-NP B-NP +equipment I-NP I-NP +was B-VP B-VP +unchanged B-ADJP B-ADJP +in B-PP B-PP +September B-NP B-NP +. O O + +Production B-NP B-NP +of B-PP B-PP +factory B-NP B-NP +equipment I-NP I-NP +, O O +one B-NP B-NP +indication I-NP I-NP +of B-PP B-PP +the B-NP B-NP +strength I-NP I-NP +of B-PP B-PP +manufacturers B-NP B-NP +' B-NP B-NP +investment I-NP I-NP +spending I-NP I-NP +, O O +fell B-VP B-VP +0.3 B-NP B-NP +% I-NP I-NP +. O O + +Some B-NP B-NP +economists I-NP I-NP +expect B-VP B-VP +further B-NP B-NP +declines I-NP I-NP +in B-PP B-PP +investment B-NP B-NP +spending I-NP I-NP +. O O + +`` O O +Whenever B-ADVP B-NP +corporate B-NP I-NP +profits I-NP I-NP +are B-VP B-VP +weak B-ADJP B-ADJP +that B-NP B-NP +means B-VP B-VP +capital B-NP B-NP +spending I-NP I-NP +is B-VP B-VP +going I-VP I-VP +to I-VP I-VP +soften I-VP I-VP +subsequently B-ADVP B-ADVP +, O O +'' O O +Mr. B-NP B-NP +Harris I-NP I-NP +said B-VP B-VP +. O O + +`` O O +You B-NP B-NP +have B-VP B-VP +n't I-VP I-VP +seen I-VP I-VP +the B-NP B-NP +full I-NP I-NP +effect I-NP I-NP +of B-PP B-PP +that B-NP B-NP +yet B-ADVP I-NP +. O O +'' O O + +A B-NP B-NP +decline I-NP I-NP +in B-PP B-PP +truck B-NP B-NP +production I-NP I-NP +more B-VP B-VP +than I-VP I-VP +offset I-VP I-VP +a B-NP B-NP +sharp I-NP I-NP +rise I-NP I-NP +in B-PP B-PP +auto B-NP B-NP +assemblies I-NP I-NP +, O O +the B-NP B-NP +Fed I-NP I-NP +noted B-VP B-VP +. O O + +Analysts B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +expect I-VP I-VP +the B-NP B-NP +September I-NP I-NP +surge I-NP I-NP +in B-PP B-PP +auto B-NP B-NP +production I-NP I-NP +to B-VP B-VP +be I-VP I-VP +repeated I-VP I-VP +in B-PP B-PP +the B-NP B-NP +coming I-NP I-NP +months I-NP I-NP +. O O + +Here B-NP B-ADVP +is B-VP B-VP +a B-NP B-NP +summary I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Federal I-NP I-NP +Reserve I-NP I-NP +Board I-NP I-NP +'s B-NP B-NP +report I-NP I-NP +on B-PP B-PP +industrial B-NP B-NP +production I-NP I-NP +in B-PP B-PP +September B-NP B-NP +. O O + +The B-NP B-NP +figures I-NP I-NP +are B-VP B-VP +seasonally I-VP I-VP +adjusted I-VP I-VP +. O O + +142.3 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +the B-NP B-NP +1977 I-NP I-NP +average I-NP I-NP +. O O + +Robin B-NP B-NP +Honiss I-NP I-NP +, O O +president B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +officer I-NP I-NP +of B-PP B-PP +this B-NP B-NP +bank I-NP I-NP +holding I-NP I-NP +company I-NP I-NP +, O O +was B-VP B-VP +elected I-VP I-VP +to B-PP B-PP +the B-NP B-NP +additional I-NP I-NP +posts I-NP I-NP +of B-PP B-PP +chairman B-NP B-NP +, O O +president B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +of B-PP B-PP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +New I-NP I-NP +England I-NP I-NP +Savings I-NP I-NP +Bank I-NP I-NP +subsidiary I-NP I-NP +. O O + +William B-NP B-NP +R. I-NP I-NP +Attridge I-NP I-NP +resigned B-VP B-VP +those B-NP B-NP +posts I-NP I-NP +, O O +as B-CONJP B-CONJP +well I-CONJP I-CONJP +as I-CONJP I-CONJP +a B-NP B-NP +seat I-NP I-NP +on B-PP B-PP +NESB B-NP B-NP +'s B-NP B-NP +board I-NP I-NP +. O O + +NESB B-NP B-NP +is B-VP B-VP +also B-ADVP B-ADVP +the B-NP B-NP +parent I-NP I-NP +of B-PP B-PP +Omnibank B-NP B-NP +. O O + +Lung-cancer B-NP B-NP +mortality I-NP I-NP +rates I-NP I-NP +for B-PP B-PP +people B-NP B-NP +under B-PP B-NP +45 B-NP I-NP +years I-NP I-NP +of B-PP B-PP +age B-NP B-NP +have B-VP B-VP +begun I-VP I-VP +to I-VP I-VP +decline I-VP I-VP +, O O +federal B-NP B-NP +researchers I-NP I-NP +report B-VP B-VP +. O O + +The B-NP B-NP +drop I-NP I-NP +is B-VP B-VP +particularly B-ADJP B-ADJP +large I-ADJP I-ADJP +for B-PP B-PP +white B-NP B-NP +males I-NP I-NP +, O O +although B-SBAR B-SBAR +black B-NP B-NP +males I-NP I-NP +and O O +white B-NP B-NP +and I-NP I-NP +black I-NP I-NP +women I-NP I-NP +also B-ADVP B-ADVP +show B-VP B-VP +lower B-NP B-NP +mortality I-NP I-NP +rates I-NP I-NP +. O O + +A B-NP B-NP +report I-NP I-NP +in B-PP B-PP +this B-NP B-NP +week I-NP I-NP +'s B-NP B-NP +issue I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Journal I-NP I-NP +of B-PP B-PP +the B-NP B-NP +National I-NP I-NP +Cancer I-NP I-NP +Institute I-NP I-NP +also B-ADVP B-ADVP +projects B-VP B-VP +that B-SBAR B-SBAR +overall B-NP B-NP +U.S. I-NP I-NP +mortality I-NP I-NP +rates I-NP I-NP +from B-PP B-PP +lung B-NP B-NP +cancer I-NP I-NP +, O O +the B-NP B-NP +leading I-NP I-NP +cause I-NP I-NP +of B-PP B-PP +cancer B-NP B-NP +death I-NP I-NP +, O O +should B-VP B-VP +begin I-VP I-VP +to I-VP I-VP +drop I-VP I-VP +in B-PP B-PP +several B-NP B-NP +years I-NP I-NP +if B-SBAR B-SBAR +cigarette B-NP B-NP +smoking I-NP I-NP +continues B-VP B-VP +to I-VP I-VP +abate I-VP I-VP +. O O + +The B-NP B-NP +report I-NP I-NP +, O O +which B-NP B-NP +comes B-VP B-VP +25 B-NP B-NP +years I-NP I-NP +after B-SBAR B-SBAR +the B-NP B-NP +U.S. I-NP I-NP +Surgeon I-NP I-NP +General I-NP I-NP +issued B-VP B-VP +a B-NP B-NP +report I-NP I-NP +warning B-VP B-VP +against B-PP B-PP +the B-NP B-NP +dangers I-NP I-NP +of B-PP B-PP +smoking B-NP B-NP +, O O +is B-VP B-VP +the B-NP B-NP +strongest I-NP I-NP +indication I-NP I-NP +to B-PP B-PP +date B-NP B-NP +that B-SBAR B-SBAR +the B-NP B-NP +reduction I-NP I-NP +in B-PP B-PP +smoking B-NP B-NP +is B-VP B-VP +leading I-VP I-VP +to B-PP B-PP +lower B-NP B-NP +death I-NP I-NP +rates I-NP I-NP +from B-PP B-PP +lung B-NP B-NP +cancer I-NP I-NP +. O O + +`` O O +What B-NP B-NP +this B-NP B-NP +is B-VP B-VP +saying I-VP I-VP +is B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +surgeon I-NP I-NP +general I-NP I-NP +'s B-NP B-NP +message I-NP I-NP +is B-VP B-VP +having I-VP I-VP +an B-NP B-NP +impact I-NP I-NP +, O O +'' O O +said B-VP B-VP +Melvyn B-NP B-NP +Tockman I-NP I-NP +, O O +an B-NP B-NP +epidemiologist I-NP I-NP +at B-PP B-PP +the B-NP B-NP +Johns I-NP I-NP +Hopkins I-NP I-NP +School I-NP I-NP +of B-PP B-PP +Hygiene B-NP B-NP +and O O +Public B-NP B-NP +Health I-NP I-NP +in B-PP B-PP +Baltimore B-NP B-NP +. O O + +The B-NP B-NP +National I-NP I-NP +Cancer I-NP I-NP +Institute I-NP I-NP +report I-NP I-NP +compares B-VP B-VP +mortality B-NP B-NP +rates I-NP I-NP +of B-PP B-PP +two B-NP B-NP +groups I-NP I-NP +of B-PP B-PP +people B-NP B-NP +between B-PP B-PP +the B-NP B-NP +ages I-NP I-NP +of B-PP B-PP +35 B-NP B-NP +and I-NP I-NP +44 I-NP I-NP +a B-NP B-NP +decade I-NP I-NP +apart B-ADJP B-ADVP +. O O + +The B-NP B-NP +death I-NP I-NP +rate I-NP I-NP +from B-PP B-PP +lung B-NP B-NP +cancer I-NP I-NP +of B-PP B-PP +white B-NP B-NP +males I-NP I-NP +aged B-VP B-VP +35 B-NP B-NP +to B-PP I-NP +44 B-NP I-NP +in B-PP B-PP +the B-NP B-NP +mid-1970s I-NP I-NP +was B-VP B-VP +13.4 B-NP B-NP +per B-PP B-PP +100,000 B-NP B-NP +, O O +but O O +the B-NP B-NP +mortality I-NP I-NP +rate I-NP I-NP +of B-PP B-PP +the B-NP B-NP +same I-NP I-NP +age I-NP I-NP +group I-NP I-NP +in B-PP B-PP +the B-NP B-NP +mid-1980s I-NP I-NP +was B-VP B-VP +9.6 B-NP B-NP +, O O +a B-NP B-NP +decline I-NP I-NP +of B-PP B-PP +28.7 B-NP B-NP +% I-NP I-NP +. O O + +Measured B-VP B-VP +the B-NP B-NP +same I-NP I-NP +way I-NP I-NP +, O O +the B-NP B-NP +decline I-NP I-NP +for B-PP B-PP +black B-NP B-NP +males I-NP I-NP +was B-VP B-VP +14.2 B-NP B-NP +% I-NP I-NP +. O O + +The B-NP B-NP +drop I-NP I-NP +in B-PP B-PP +mortality B-NP B-NP +rates I-NP I-NP +for B-PP B-PP +women B-NP B-NP +was B-VP B-VP +less B-ADJP B-ADJP +steep I-ADJP I-ADJP +-- O O +8.9 B-NP B-NP +% I-NP I-NP +for B-PP B-PP +blacks B-NP B-NP +and O O +5.3 B-NP B-NP +% I-NP I-NP +for B-PP B-PP +whites B-NP B-NP +. O O + +The B-NP B-NP +study I-NP I-NP +, O O +by B-PP B-PP +Susan B-NP B-NP +Devesa I-NP I-NP +, O O +William B-NP B-NP +Blot I-NP I-NP +and O O +Joseph B-NP B-NP +Fraumeni I-NP I-NP +of B-PP B-PP +the B-NP B-NP +institute I-NP I-NP +'s B-NP B-NP +staff I-NP I-NP +, O O +also B-ADVP B-ADVP +shows B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +incidence I-NP I-NP +of B-PP B-PP +lung B-NP B-NP +cancer I-NP I-NP +as B-CONJP B-CONJP +well I-CONJP I-CONJP +as I-CONJP I-CONJP +the B-NP B-NP +death I-NP I-NP +rate I-NP I-NP +declined B-VP B-VP +over B-PP B-PP +the B-NP B-NP +decade I-NP I-NP +for B-PP B-PP +all B-NP B-NP +groups I-NP I-NP +in B-PP B-PP +the B-NP B-NP +35-44 I-NP I-NP +age I-NP I-NP +bracket I-NP I-NP +, O O +except B-PP B-PP +black B-NP B-NP +men I-NP I-NP +. O O + +Although B-SBAR B-SBAR +lung-cancer B-NP B-NP +mortality I-NP I-NP +rates I-NP I-NP +are B-VP B-VP +increasing I-VP I-VP +for B-PP B-PP +the B-NP B-NP +nation I-NP I-NP +as B-PP B-PP +a B-NP B-NP +whole I-NP I-NP +, O O +the B-NP B-NP +report I-NP I-NP +projects B-VP B-VP +that B-SBAR B-SBAR +death B-NP B-NP +rates I-NP I-NP +will B-VP B-VP +begin I-VP I-VP +to I-VP I-VP +decline I-VP I-VP +in B-PP B-PP +the B-NP B-NP +1990s I-NP I-NP +for B-PP B-PP +men B-NP B-NP +and O B-PP +after B-PP B-PP +the B-NP B-NP +year I-NP I-NP +2000 I-NP B-NP +for B-PP B-PP +women B-NP B-NP +. O O + +Lung-cancer B-NP B-NP +mortality I-NP I-NP +rates I-NP I-NP +increase B-VP B-VP +with B-PP B-PP +age B-NP B-NP +and O O +are B-VP B-VP +continuing I-VP I-VP +to I-VP I-VP +rise I-VP I-VP +for B-PP B-PP +all B-NP B-NP +age I-NP I-NP +groups I-NP I-NP +over B-PP B-PP +55 B-NP B-NP +, O O +with B-PP B-PP +sharp B-NP B-NP +increases I-NP I-NP +for B-PP B-PP +everybody B-NP B-NP +but O O +white B-NP B-NP +men I-NP I-NP +. O O + +But O O +Dr. B-NP B-NP +Fraumeni I-NP I-NP +, O O +one B-NP B-NP +of B-PP B-PP +the B-NP B-NP +authors I-NP I-NP +of B-PP B-PP +the B-NP B-NP +report I-NP I-NP +, O O +said B-VP B-VP +`` O O +the B-NP B-NP +declining I-NP I-NP +rates I-NP I-NP +we B-NP B-NP +'re B-VP B-VP +seeing I-VP I-VP +for B-PP B-PP +younger B-NP B-NP +people I-NP I-NP +we B-NP B-NP +believe B-VP B-VP +may I-VP B-VP +be I-VP I-VP +a B-NP B-NP +harbinger I-NP I-NP +of B-PP B-PP +declining B-NP B-NP +mortality I-NP I-NP +in B-PP B-PP +the B-NP B-NP +future I-NP I-NP +. O O +'' O O + +However B-ADVP B-ADVP +, O O +he B-NP B-NP +stressed B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +improvement I-NP I-NP +depends B-VP B-VP +on B-PP B-PP +a B-NP B-NP +continued I-NP I-NP +reduction I-NP I-NP +in B-PP B-PP +smoking B-NP B-NP +. O O + +`` O O +Even B-ADVP B-SBAR +though B-SBAR I-SBAR +these B-NP B-NP +favorable I-NP I-NP +trends I-NP I-NP +in B-PP B-PP +lung-cancer B-NP B-NP +mortality I-NP I-NP +affect B-VP B-VP +all B-NP B-NP +sex I-NP I-NP +and I-NP I-NP +race I-NP I-NP +groups I-NP I-NP +, O O +they B-NP B-NP +ca B-VP B-VP +n't I-VP I-VP +be I-VP I-VP +taken I-VP I-VP +for B-PP B-PP +granted B-ADJP B-NP +, O O +'' O O +the B-NP B-NP +report I-NP I-NP +says B-VP B-VP +. O O + +`` O O +Smoking B-NP B-NP +prevention I-NP I-NP +programs I-NP I-NP +should B-VP B-VP +reach I-VP I-VP +larger B-NP B-NP +segments I-NP I-NP +of B-PP B-PP +the B-NP B-NP +population I-NP I-NP +, O O +especially B-NP B-ADVP +children I-NP B-NP +, I-NP I-NP +adolescents I-NP I-NP +and I-NP I-NP +minorities I-NP I-NP +. O O +'' O O + +An B-NP B-NP +editorial I-NP I-NP +in B-PP B-PP +the B-NP B-NP +NCI I-NP I-NP +Journal I-NP I-NP +says B-VP B-VP +the B-NP B-NP +report I-NP I-NP +of B-PP B-PP +declining B-NP B-NP +lung-cancer I-NP I-NP +mortality I-NP I-NP +`` O O +among B-PP B-PP +young B-NP B-NP +men I-NP I-NP +and I-NP I-NP +women I-NP I-NP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +indicates B-VP B-VP +that B-SBAR B-SBAR +we B-NP B-NP +finally B-ADVP B-ADVP +may B-VP B-VP +be I-VP I-VP +winning I-VP I-VP +the B-NP B-NP +battle I-NP I-NP +-- O O +this B-NP B-NP +even B-ADVP B-ADVP +in B-PP B-PP +a B-NP B-NP +country I-NP I-NP +where B-ADVP B-ADVP +the B-NP B-NP +tobacco I-NP I-NP +industry I-NP I-NP +spends B-VP B-VP +over B-NP B-NP +$ I-NP I-NP +2 I-NP I-NP +billion I-NP I-NP +a B-NP B-NP +year I-NP I-NP +for B-PP B-PP +promotion B-NP B-NP +of B-PP B-PP +the B-NP B-NP +addictive I-NP I-NP +habit I-NP I-NP +of B-PP B-PP +smoking B-NP B-NP +. O O +'' O O + +But O O +the B-NP B-NP +editorial I-NP I-NP +, O O +by B-PP B-PP +Jan B-NP B-NP +Stjernsward I-NP I-NP +of B-PP B-PP +the B-NP B-NP +World I-NP I-NP +Health I-NP I-NP +Organization I-NP I-NP +, O O +notes B-VP B-VP +that B-SBAR B-SBAR +tobacco B-NP B-NP +consumption I-NP I-NP +and I-NP O +lung-cancer I-NP B-NP +mortality I-NP I-NP +rates I-NP I-NP +are B-VP B-VP +rising I-VP I-VP +in B-PP B-PP +developing B-NP B-NP +countries I-NP I-NP +. O O + +`` O O +Non-smoking B-NP B-NP +should B-VP B-VP +be I-VP I-VP +established I-VP I-VP +as B-PP B-PP +the B-NP B-NP +norm I-NP I-NP +of B-PP B-PP +social B-NP B-NP +behavior I-NP I-NP +'' O O +around B-PP B-PP +the B-NP B-NP +world I-NP I-NP +, O O +the B-NP B-NP +editorial I-NP I-NP +says B-VP B-VP +, O O +through B-PP B-PP +the B-NP B-NP +enactment I-NP I-NP +of B-PP B-PP +laws B-NP B-NP +that B-NP B-NP +limit B-VP B-VP +advertising B-NP B-NP +, O O +boost B-VP B-VP +tobacco B-NP B-NP +prices I-NP I-NP +and O O +promote B-VP B-VP +anti-smoking B-NP B-NP +education I-NP I-NP +. O O + +Asked B-VP B-VP +for B-PP B-PP +comment B-NP B-NP +, O O +Walker B-NP B-NP +Merryman I-NP I-NP +, O O +a B-NP B-NP +vice I-NP I-NP +president I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Tobacco I-NP I-NP +Institute I-NP I-NP +, O O +said B-VP B-VP +new B-NP B-NP +efforts I-NP I-NP +to B-VP B-VP +restrict I-VP I-VP +tobacco B-NP B-NP +advertising I-NP I-NP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +could B-VP B-VP +violate I-VP I-VP +the B-NP B-NP +First I-NP I-NP +Amendment I-NP I-NP +protection I-NP I-NP +of B-PP B-PP +free B-NP B-NP +speech I-NP I-NP +. O O + +According B-PP B-PP +to B-PP B-PP +the B-NP B-NP +American I-NP I-NP +Cancer I-NP I-NP +Society I-NP I-NP +, O O +smoking B-NP B-NP +is B-VP B-VP +responsible B-ADJP B-ADJP +for B-PP B-PP +85 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +the B-NP B-NP +lung-cancer I-NP I-NP +cases I-NP I-NP +among B-PP B-PP +men B-NP B-NP +and O O +75 B-NP B-NP +% I-NP I-NP +among B-PP B-PP +women B-NP B-NP +. O O + +The B-NP B-NP +NCI I-NP I-NP +report I-NP I-NP +attributes B-VP B-VP +the B-NP B-NP +differences I-NP I-NP +in B-PP B-PP +mortality B-NP B-NP +rates I-NP I-NP +by B-PP B-PP +race B-NP B-NP +to B-PP B-PP +different B-NP B-NP +smoking I-NP I-NP +patterns I-NP I-NP +. O O + +A B-NP B-NP +higher I-NP I-NP +proportion I-NP I-NP +of B-PP B-PP +black B-NP B-NP +men I-NP I-NP +smoke B-VP B-VP +than B-PP B-PP +white B-NP B-NP +men I-NP I-NP +. O O + +While B-SBAR B-SBAR +nearly B-NP B-NP +equal I-NP I-NP +percentages I-NP I-NP +of B-PP B-PP +black B-NP B-NP +and I-NP I-NP +white I-NP I-NP +women I-NP I-NP +currently B-ADVP B-ADVP +smoke B-VP B-VP +, O O +in B-PP B-PP +both B-NP B-NP +sexes I-NP I-NP +more B-NP B-NP +whites I-NP I-NP +have B-VP B-VP +given I-VP I-VP +up B-PRT B-PRT +smoking B-NP B-NP +than B-PP B-PP +blacks B-NP B-NP +. O O + +In B-PP B-PP +comparing B-VP B-VP +changes B-NP B-NP +in B-PP B-PP +mortality B-NP B-NP +rates I-NP I-NP +over B-PP B-PP +the B-NP B-NP +past I-NP I-NP +decade I-NP I-NP +, O O +the B-NP B-NP +NCI I-NP I-NP +study I-NP I-NP +looked B-VP B-VP +only B-ADVP B-ADVP +at B-PP B-PP +blacks B-NP B-NP +and I-NP I-NP +whites I-NP I-NP +. O O + +Asians B-NP B-NP +and O O +native B-NP B-NP +Americans I-NP I-NP +were B-VP B-VP +n't I-VP I-VP +studied I-VP I-VP +; O O +Hispanics B-NP B-NP +were B-VP B-VP +included I-VP I-VP +with B-PP B-PP +whites B-NP B-NP +. O O + +Recent B-NP B-NP +changes I-NP I-NP +in B-PP B-PP +average B-NP B-NP +annual I-NP I-NP +age-specific I-NP I-NP +lung-cancer I-NP I-NP +rates I-NP I-NP +per B-PP B-PP +100,000 B-NP B-NP +population I-NP I-NP +by B-PP B-PP +race B-NP B-NP +and I-NP I-NP +sex I-NP I-NP +. O O + +White B-NP B-NP +Males I-NP I-NP + +White B-NP B-NP +Females I-NP I-NP + +Black B-NP B-NP +Males I-NP I-NP + +Black B-NP B-NP +Females I-NP I-NP + +Directors B-NP B-NP +elected B-VP B-VP +R. B-NP B-NP +Marvin I-NP I-NP +Womack I-NP I-NP +, O O +currently B-ADVP B-ADVP +vice B-NP B-NP +president\/product I-NP I-NP +supply I-NP I-NP +, I-NP O +purchasing I-NP B-NP +, O O +to B-VP B-VP +head I-VP I-VP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +Washington I-NP I-NP +, I-NP I-NP +D.C. I-NP I-NP +, I-NP I-NP +office I-NP I-NP +. O O + +As B-PP B-PP +vice B-NP B-NP +president\/national-government I-NP I-NP +relations I-NP I-NP +, O O +Mr. B-NP B-NP +Womack I-NP I-NP +will B-VP B-VP +work I-VP I-VP +with B-PP B-PP +P&G B-NP B-NP +'s B-NP B-NP +top I-NP I-NP +management I-NP I-NP +and B-PP B-PP +with B-PP B-PP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +government-relations I-NP I-NP +staff I-NP I-NP +`` O O +to B-VP B-VP +represent I-VP I-VP +P&G B-NP B-NP +'s B-NP B-NP +interests I-NP I-NP +at B-PP B-PP +the B-NP B-NP +federal I-NP I-NP +level I-NP I-NP +, O O +'' O O +said B-VP B-VP +John B-NP B-NP +G. I-NP I-NP +Smale I-NP I-NP +, O O +chairman B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +officer I-NP I-NP +. O O + +Mr. B-NP B-NP +Smale I-NP I-NP +said B-VP B-VP +the B-NP B-NP +appointment I-NP I-NP +`` O O +recognizes B-VP B-VP +the B-NP B-NP +growing I-NP I-NP +influence I-NP I-NP +of B-PP B-PP +government B-NP B-NP +on B-PP B-PP +our B-NP B-NP +business I-NP I-NP +. O O +'' O O + +Mr. B-NP B-NP +Womack I-NP I-NP +, O O +53 B-NP B-NP +years I-NP I-NP +old B-ADJP B-ADJP +, O O +has B-VP B-VP +been I-VP I-VP +with B-PP B-PP +the B-NP B-NP +big I-NP I-NP +producer I-NP I-NP +of B-PP B-PP +household B-NP B-NP +products I-NP I-NP +, O I-NP +food B-NP I-NP +and O I-NP +pharmaceuticals B-NP I-NP +for B-PP B-PP +30 B-NP B-NP +years I-NP I-NP +. O O + +Traders B-NP B-NP +trying B-VP B-VP +to I-VP I-VP +profit I-VP I-VP +from B-PP B-PP +the B-NP B-NP +recent I-NP I-NP +volatility I-NP I-NP +in B-PP B-PP +financial B-NP B-NP +markets I-NP I-NP +invaded B-VP B-VP +the B-NP B-NP +Nasdaq I-NP I-NP +over-the-counter I-NP I-NP +market I-NP I-NP +, O O +prompting B-VP B-VP +even B-NP B-NP +more I-NP I-NP +swings I-NP I-NP +in B-PP B-PP +stock B-NP B-NP +prices I-NP I-NP +. O O + +After B-PP B-PP +gaining B-VP B-VP +strength B-NP B-NP +during B-PP B-PP +a B-NP B-NP +brief I-NP I-NP +run-up I-NP I-NP +when B-ADVP B-ADVP +trading B-NP B-NP +began B-VP B-VP +, O O +the B-NP B-NP +Nasdaq I-NP I-NP +Composite I-NP I-NP +Index I-NP I-NP +weakened B-VP B-VP +under B-PP B-PP +selling B-NP B-NP +pressure I-NP I-NP +. O O + +The B-NP B-NP +forces I-NP I-NP +at B-PP B-PP +work B-NP B-NP +included B-VP B-VP +computer-guided B-NP B-NP +trading I-NP I-NP +, O O +as B-CONJP B-CONJP +well I-CONJP I-CONJP +as I-CONJP I-CONJP +profit-driven B-NP B-NP +market I-NP I-NP +makers I-NP I-NP +and O O +institutional B-NP B-NP +investors I-NP I-NP +who B-NP B-NP +had B-VP B-VP +bought I-VP I-VP +stock B-NP B-NP +on B-PP B-PP +the B-NP B-NP +cheap I-NP I-NP +during B-PP B-PP +the B-NP B-NP +recent I-NP I-NP +correction I-NP I-NP +. O O + +During B-PP B-PP +the B-NP B-NP +last I-NP I-NP +two I-NP I-NP +hours I-NP I-NP +of B-PP B-PP +trading B-NP B-NP +, O O +the B-NP B-NP +composite I-NP I-NP +almost B-VP B-ADVP +drew I-VP B-VP +even B-ADVP B-ADVP +on B-PP B-PP +the B-NP B-NP +day I-NP I-NP +before B-PP B-PP +slipping B-VP B-VP +again B-ADVP B-ADVP +. O O + +The B-NP B-NP +Nasdaq I-NP I-NP +Composite I-NP I-NP +closed B-VP B-VP +down B-ADVP B-ADVP +1.05 B-NP B-NP +, O O +or O O +0.2 B-NP B-NP +% I-NP I-NP +, O O +to B-PP B-PP +459.93 B-NP B-NP +. O O + +The B-NP B-NP +action I-NP I-NP +was B-VP B-VP +confined I-VP I-VP +to B-PP B-PP +Nasdaq B-NP B-NP +'s B-NP B-NP +biggest B-ADJP B-ADJP +and O O +most B-ADJP B-ADJP +liquid I-ADJP I-ADJP +stocks B-NP B-NP +, O O +traders B-NP B-NP +said B-VP B-VP +. O O + +The B-NP B-NP +Nasdaq I-NP I-NP +100 I-NP I-NP +Index I-NP B-NP +began B-VP B-VP +the B-NP B-NP +day I-NP I-NP +at B-PP B-PP +449.89 B-NP B-NP +, O O +lost B-VP B-VP +2 B-NP B-NP +% I-NP I-NP +at B-PP B-PP +one B-NP B-NP +point I-NP I-NP +, O O +and O O +was B-VP B-VP +up B-ADVP B-ADVP +0.4 B-NP B-NP +% I-NP I-NP +at B-PP B-PP +another B-NP B-NP +. O O + +The B-NP B-NP +barometer I-NP I-NP +of B-PP B-PP +the B-NP B-NP +biggest I-NP I-NP +nonfinancial I-NP I-NP +stocks I-NP I-NP +settled B-VP B-VP +at B-PP B-PP +448.49 B-NP B-NP +, O O +off B-ADVP B-ADVP +1.40 B-NP B-NP +. O O + +Its B-NP B-NP +counterpart I-NP I-NP +, O O +the B-NP B-NP +Nasdaq I-NP I-NP +Financial I-NP I-NP +Index I-NP I-NP +, O O +was B-VP B-VP +weak B-ADJP B-ADJP +for B-PP B-PP +most B-NP B-NP +of B-PP B-PP +the B-NP B-NP +day I-NP I-NP +, O O +sliding B-VP B-VP +2.51 B-NP B-NP +to B-PP B-PP +453.57 B-NP B-NP +by B-PP B-PP +the B-NP B-NP +end I-NP I-NP +of B-PP B-PP +trading B-NP B-NP +. O O + +The B-NP B-NP +volatility I-NP I-NP +was B-VP B-VP +dizzying B-ADJP B-ADJP +for B-PP B-PP +traders B-NP B-NP +. O O + +`` O O +The B-NP B-NP +market I-NP I-NP +must B-VP B-VP +have I-VP I-VP +turned I-VP I-VP +up B-ADVP B-PRT +and I-ADVP B-ADVP +down I-ADVP I-ADVP +15 B-NP B-NP +different I-NP I-NP +times I-NP I-NP +, O O +'' O O +commented B-VP B-VP +Lance B-NP B-NP +Zipper I-NP I-NP +, O O +head B-NP B-NP +of B-PP B-PP +OTC B-NP B-NP +trading I-NP I-NP +at B-PP B-PP +Kidder B-NP B-NP +Peabody I-NP I-NP +. O O + +`` O O +Every B-NP B-NP +time I-NP I-NP +you B-NP B-NP +thought B-VP B-VP +it B-NP B-NP +was B-VP B-VP +going I-VP I-VP +into B-PP B-PP +a B-NP B-NP +rally I-NP I-NP +it B-NP B-NP +gave B-VP B-VP +up B-PRT B-PRT +, O O +and O O +every B-NP B-NP +time I-NP I-NP +you B-NP B-NP +thought B-VP B-VP +it B-NP B-NP +would B-VP B-VP +rally I-VP I-VP +it B-NP B-NP +came B-VP B-VP +down B-ADVP B-ADVP +. O O + +This B-NP B-NP +is B-VP B-VP +a B-NP B-NP +tough I-NP I-NP +market I-NP I-NP +. O O +'' O O + +Mr. B-NP B-NP +Zipper I-NP I-NP +said B-VP B-VP +the B-NP B-NP +market I-NP I-NP +is B-VP B-VP +still I-VP I-VP +settling I-VP I-VP +down B-PRT B-ADVP +after B-PP B-PP +the B-NP B-NP +recent I-NP I-NP +correction I-NP I-NP +. O O + +Most B-NP B-NP +of B-PP B-PP +trading B-NP B-NP +action I-NP I-NP +now B-ADVP B-ADVP +is B-VP B-VP +from B-PP B-PP +professional B-NP B-NP +traders I-NP I-NP +who B-NP B-NP +are B-VP B-VP +trying I-VP I-VP +to I-VP I-VP +take I-VP I-VP +advantage B-NP B-NP +of B-PP B-PP +the B-NP B-NP +price I-NP I-NP +swings I-NP I-NP +to B-VP B-VP +turn I-VP I-VP +a B-NP B-NP +quick I-NP I-NP +profit I-NP I-NP +, O O +he B-NP B-NP +and O O +other B-NP B-NP +traders I-NP I-NP +said B-VP B-VP +. O O + +`` O O +Everybody B-NP B-NP +'s B-VP B-VP +confused B-ADJP B-ADJP +and O O +no B-NP B-NP +one I-NP I-NP +has B-VP B-VP +an B-NP B-NP +opinion I-NP I-NP +that B-NP B-NP +lasts B-VP B-VP +longer B-ADVP B-NP +than B-PP I-NP +30 B-NP I-NP +seconds I-NP I-NP +, O O +'' O O +said B-VP B-VP +Mr. B-NP B-NP +Zipper I-NP I-NP +. O O + +`` O O +A B-NP B-NP +lot I-NP I-NP +of B-PP B-PP +the B-NP B-NP +professional I-NP I-NP +traders I-NP I-NP +are B-VP B-VP +just I-VP I-VP +going I-VP I-VP +back B-ADVP B-ADVP +and I-ADVP I-ADVP +forth I-ADVP I-ADVP +. O O + +They B-NP B-NP +'re B-VP B-VP +just B-ADJP B-ADVP +as I-ADJP B-ADJP +confused I-ADJP I-ADJP +. O O +'' O O + +William B-NP B-NP +Rothe I-NP I-NP +, O O +head B-NP B-NP +of B-PP B-PP +OTC B-NP B-NP +trading I-NP I-NP +at B-PP B-PP +Alex B-NP B-NP +. I-NP I-NP +Brown I-NP I-NP +& I-NP I-NP +Sons I-NP I-NP +, O O +in B-PP B-PP +Baltimore B-NP B-NP +, O O +said B-VP B-VP +program B-NP B-NP +trading I-NP I-NP +is B-VP B-VP +keeping I-VP I-VP +the B-NP B-NP +markets I-NP I-NP +unsettled B-ADJP B-ADJP +. O O + +He B-NP B-NP +believes B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +volatile I-NP I-NP +conditions I-NP I-NP +created B-VP B-VP +by B-PP B-PP +program B-NP B-NP +trading I-NP I-NP +has B-VP B-VP +`` O B-NP +thoroughly B-VP I-NP +confused I-VP I-NP +'' O I-NP +investors B-NP I-NP +about B-PP B-PP +where B-ADVP B-ADVP +the B-NP B-NP +market I-NP I-NP +is B-VP B-VP +headed I-VP I-VP +. O O + +Program B-NP B-NP +trading I-NP I-NP +is B-VP B-VP +`` O O +benefiting B-VP B-VP +a B-NP B-NP +few I-NP I-NP +to B-PP B-PP +the B-NP B-NP +detriment I-NP I-NP +of B-PP B-PP +many B-NP B-NP +and O O +I B-NP B-NP +wish B-VP B-VP +someone B-NP B-NP +would B-VP B-VP +do I-VP I-VP +something B-NP B-NP +about B-PP B-PP +it B-NP B-NP +, O O +'' O O +he B-NP B-NP +complained B-VP B-VP +. O O + +Trading B-NP B-NP +activity I-NP I-NP +cooled B-VP B-VP +off B-PRT B-ADVP +from B-PP B-PP +Monday B-NP B-NP +'s B-NP B-NP +sizzling I-NP I-NP +pace I-NP I-NP +. O O + +Share B-NP B-NP +turnover I-NP I-NP +subsided B-VP B-VP +to B-PP B-PP +161.5 B-NP B-NP +million I-NP I-NP +. O O + +Advancing B-NP B-NP +and I-NP I-NP +declining I-NP I-NP +issues I-NP I-NP +finished B-VP B-VP +about B-ADJP B-ADVP +even I-ADJP I-ADVP +. O O + +Of B-PP B-PP +the B-NP B-NP +4,345 I-NP I-NP +stocks I-NP I-NP +that B-NP B-NP +changed B-VP B-VP +hands B-NP B-NP +, O O +1,174 B-NP B-NP +declined B-VP B-VP +and O O +1,040 B-NP B-NP +advanced B-VP B-VP +. O O + +One B-NP B-NP +big I-NP I-NP +technology I-NP I-NP +issue I-NP I-NP +, O O +Novell B-NP B-NP +, O O +rode B-VP B-VP +the B-NP B-NP +roller I-NP I-NP +coaster I-NP I-NP +. O O + +The B-NP B-NP +stock I-NP I-NP +, O O +which B-NP B-NP +finished B-VP B-VP +Monday B-NP B-NP +at B-PP B-PP +29 B-NP B-NP +1\/2 I-NP I-NP +, O O +traded B-VP B-VP +as B-ADVP B-ADJP +high I-ADVP I-ADJP +as B-PP B-PP +29 B-NP B-NP +3\/4 I-NP I-NP +and B-ADVP O +as B-ADVP B-ADJP +low I-ADVP I-ADJP +as B-PP B-PP +28 B-NP B-NP +3\/4 I-NP I-NP +before B-PP B-PP +closing B-VP B-VP +at B-PP B-PP +29 B-NP B-NP +1\/4 I-NP I-NP +, O O +down B-ADVP B-ADVP +1\/4 B-NP B-NP +. O O + +It B-NP B-NP +was B-VP B-VP +a B-NP B-NP +jarring I-NP I-NP +day I-NP I-NP +for B-PP B-PP +investors B-NP B-NP +in B-PP B-PP +Genetics B-NP B-NP +Institute I-NP I-NP +. O O + +The B-NP B-NP +stock I-NP I-NP +tumbled B-VP B-VP +2 B-NP B-NP +3\/4 I-NP I-NP +on B-PP B-PP +news B-NP B-NP +that B-SBAR B-SBAR +it B-NP B-NP +might B-VP B-VP +have I-VP I-VP +to I-VP I-VP +take I-VP I-VP +a B-NP B-NP +charge I-NP I-NP +against B-PP B-PP +earnings B-NP B-NP +if B-SBAR B-SBAR +it B-NP B-NP +ca B-VP B-VP +n't I-VP I-VP +successfully I-VP I-VP +resolve I-VP I-VP +a B-NP B-NP +dispute I-NP I-NP +with B-PP B-PP +its B-NP B-NP +European I-NP I-NP +licensee I-NP I-NP +, O O +Boehringer B-NP B-NP +Mannheim I-NP I-NP +, O O +over B-PP B-PP +its B-NP B-NP +anti-anemia I-NP I-NP +drug I-NP I-NP +, O O +EPO B-NP B-NP +. O O + +The B-NP B-NP +stock I-NP I-NP +recovered B-VP B-VP +somewhat I-VP B-ADVP +to I-VP B-VP +finish I-VP I-VP +1 B-NP B-NP +1\/4 I-NP I-NP +lower B-ADVP B-ADVP +at B-PP B-PP +26 B-NP B-NP +1\/4 I-NP I-NP +. O O + +In B-PP B-PP +a B-NP B-NP +statement I-NP I-NP +, O O +Genetics B-NP B-NP +Institute I-NP I-NP +said B-VP B-VP +the B-NP B-NP +dispute I-NP I-NP +with B-PP B-PP +Boehringer B-NP B-NP +centers B-VP B-VP +on B-PP B-PP +questions B-NP B-NP +of B-PP B-PP +the B-NP B-NP +usability I-NP I-NP +of B-PP B-PP +certain B-NP B-NP +batches I-NP I-NP +of B-PP B-PP +EPO B-NP B-NP +material I-NP I-NP +valued B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +13.6 I-NP I-NP +million I-NP I-NP +. O O + +Earlier B-ADVP B-NP +this B-NP I-NP +week I-NP I-NP +, O O +Genetics B-NP B-NP +Institute I-NP I-NP +reported B-VP B-VP +wider B-NP B-NP +losses I-NP I-NP +in B-PP B-PP +its B-NP B-NP +fiscal I-NP I-NP +third I-NP I-NP +quarter I-NP I-NP +ended B-VP B-VP +Aug. B-NP B-NP +31 I-NP I-NP +. O O + +Price B-NP B-NP +Co. I-NP I-NP +jumped B-VP B-VP +2 B-NP B-NP +1\/4 I-NP I-NP +to B-PP B-PP +44 B-NP B-NP +on B-PP B-PP +1.7 B-NP B-NP +million I-NP I-NP +shares I-NP I-NP +. O O + +The B-NP B-NP +wholesaler I-NP I-NP +of B-PP B-PP +cash B-NP B-NP +and I-NP I-NP +carry I-NP I-NP +merchandise I-NP I-NP +reported B-VP B-VP +fiscal B-NP B-NP +fourthquarter I-NP I-NP +earnings I-NP I-NP +that B-NP B-NP +were B-VP B-VP +better B-ADJP B-ADJP +than B-SBAR B-SBAR +analysts B-NP B-NP +had B-VP B-VP +expected I-VP I-VP +. O O + +The B-NP B-NP +company I-NP I-NP +also B-ADVP B-ADVP +pleased B-VP B-VP +analysts B-NP B-NP +by B-PP B-PP +announcing B-VP B-VP +four B-NP B-NP +new I-NP I-NP +store I-NP I-NP +openings I-NP I-NP +planned B-VP B-VP +for B-PP B-PP +fiscal B-NP B-NP +1990 I-NP I-NP +, O O +ending B-VP B-VP +next B-NP B-NP +August I-NP I-NP +. O O + +That B-NP B-NP +will B-VP B-VP +bring I-VP I-VP +the B-NP B-NP +total I-NP I-NP +for B-PP B-PP +the B-NP B-NP +year I-NP I-NP +to B-PP B-PP +10 B-NP B-NP +, O O +from B-PP B-PP +five B-NP B-NP +during B-PP B-PP +fiscal B-NP B-NP +1989 I-NP I-NP +. O O + +`` O O +Every B-NP B-NP +year I-NP I-NP +we B-NP B-NP +'ve B-VP B-VP +been I-VP I-VP +waiting I-VP I-VP +for B-PP B-PP +stepped-up B-NP B-NP +expansion I-NP I-NP +from B-PP B-PP +the B-NP B-NP +company I-NP I-NP +. O O + +The B-NP B-NP +news I-NP I-NP +could B-VP B-VP +n't I-VP I-VP +have I-VP I-VP +been I-VP I-VP +better B-ADJP B-ADJP +, O O +'' O O +said B-VP B-VP +Linda B-NP B-NP +Kristiansen I-NP I-NP +, O O +a B-NP B-NP +Dean I-NP I-NP +Witter I-NP I-NP +Reynolds I-NP I-NP +analyst I-NP I-NP +, O O +in B-PP B-PP +an B-NP B-NP +interview I-NP I-NP +. O O + +Intermec B-NP B-NP +, O O +a B-NP B-NP +maker I-NP I-NP +of B-PP B-PP +optical B-NP B-NP +character-recognition I-NP I-NP +devices I-NP I-NP +, O O +also B-ADVP B-ADVP +reported B-VP B-VP +higher B-NP B-NP +third-quarter I-NP I-NP +earnings I-NP I-NP +. O O + +Its B-NP B-NP +shares I-NP I-NP +added B-VP B-VP +3\/4 B-NP B-NP +to B-PP B-PP +30 B-NP B-NP +3\/4 I-NP I-NP +. O O + +But O O +favorable B-NP B-NP +earnings I-NP I-NP +was B-VP B-VP +n't O O +a B-NP B-NP +guarantee I-NP I-NP +that B-SBAR B-SBAR +a B-NP B-NP +stock I-NP I-NP +'s B-NP B-NP +price I-NP I-NP +would B-VP B-VP +improve I-VP I-VP +yesterday B-NP B-NP +. O O + +MCI B-NP B-NP +Communications I-NP I-NP +tumbled B-VP B-VP +2 B-NP B-NP +5\/8 I-NP I-NP +to B-PP B-PP +42 B-NP B-NP +3\/8 I-NP I-NP +on B-PP B-PP +4.7 B-NP B-NP +million I-NP I-NP +shares I-NP I-NP +even B-ADVP B-SBAR +though B-SBAR I-SBAR +the B-NP B-NP +telecommunications I-NP I-NP +giant I-NP I-NP +reported B-VP B-VP +a B-NP B-NP +63 I-NP I-NP +% I-NP I-NP +increase I-NP I-NP +in B-PP B-PP +third-quarter B-NP B-NP +profit I-NP I-NP +. O O + +CoreStates B-NP B-NP +Financial I-NP I-NP +slipped B-VP B-VP +3\/8 B-NP B-NP +to B-PP B-PP +43 B-NP B-NP +1\/8 I-NP I-NP +in B-PP B-PP +active B-NP B-NP +trading I-NP I-NP +after B-PP B-PP +reporting B-VP B-VP +that B-SBAR B-SBAR +third-quarter B-NP B-NP +earnings I-NP I-NP +improved B-VP B-VP +to B-PP B-PP +$ B-NP B-NP +1.27 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +1.15 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +However B-ADVP B-ADVP +, O O +the B-NP B-NP +bank I-NP I-NP +holding I-NP I-NP +company I-NP I-NP +'s B-NP B-NP +loan-loss I-NP I-NP +reserves I-NP I-NP +rose B-VP B-VP +to B-PP B-PP +$ B-NP B-NP +177.3 I-NP I-NP +million I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +154 I-NP I-NP +million I-NP I-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +A&W B-NP B-NP +Brands I-NP I-NP +lost B-VP B-VP +1\/4 B-NP B-NP +to B-PP B-PP +27 B-NP B-NP +. O O + +But O O +its B-NP B-NP +thirdquarter I-NP I-NP +earnings I-NP I-NP +rose B-VP B-VP +to B-PP B-PP +26 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +from B-PP B-PP +18 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +last B-NP B-NP +year I-NP I-NP +. O O + +Capital B-NP B-NP +Associates I-NP I-NP +dropped B-VP B-VP +1 B-NP B-NP +to B-PP B-PP +5 B-NP B-NP +3\/8 I-NP I-NP +. O O + +The B-NP B-NP +company I-NP I-NP +, O O +which B-NP B-NP +leases B-VP B-VP +technology B-NP B-NP +equipment I-NP I-NP +, O O +reported B-VP B-VP +substantially B-NP B-NP +lower I-NP I-NP +net I-NP I-NP +income I-NP I-NP +for B-PP B-PP +its B-NP B-NP +fiscal I-NP I-NP +first I-NP I-NP +quarter I-NP I-NP +, O O +which B-NP B-NP +ended B-VP B-VP +Aug. B-NP B-NP +31 I-NP I-NP +. O O + +Robert B-NP B-NP +M. I-NP I-NP +Jelenic I-NP I-NP +, O O +39 B-NP B-NP +, O O +was B-VP B-VP +named I-VP I-VP +president B-NP B-NP +and O O +chief B-NP B-NP +operating I-NP I-NP +officer I-NP I-NP +of B-PP B-PP +this B-NP B-NP +closely I-NP I-NP +held I-NP I-NP +publisher I-NP I-NP +. O O + +The B-NP B-NP +post I-NP I-NP +had B-VP B-VP +been I-VP I-VP +vacant B-ADJP B-ADJP +for B-PP B-PP +more B-NP B-NP +than I-NP B-PP +a I-NP B-NP +year I-NP I-NP +. O O + +Mr. B-NP B-NP +Jelenic I-NP I-NP +had B-VP B-VP +been I-VP I-VP +executive B-NP B-NP +vice I-NP I-NP +president I-NP I-NP +for B-PP B-PP +operations B-NP B-NP +. O O + +In B-PP B-PP +addition B-NP B-NP +, O O +Ralph B-NP B-NP +Ingersoll I-NP I-NP +II I-NP I-NP +, O O +43 B-NP B-NP +, O O +chairman B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +, O O +said B-VP B-VP +he B-NP B-NP +would B-VP B-VP +take I-VP I-VP +on B-PRT B-PP +additional B-NP B-NP +responsibilities I-NP I-NP +as B-PP B-PP +editor B-NP B-NP +in B-PP B-PP +chief B-NP B-NP +of B-PP B-PP +the B-NP B-NP +company I-NP I-NP +. O O + +John B-NP B-NP +Wilpers I-NP I-NP +resigned B-VP B-VP +as B-PP B-PP +editor B-NP B-NP +in B-PP B-PP +chief B-NP B-NP +. O O + +Mr. B-NP B-NP +Ingersoll I-NP I-NP +remains B-VP B-VP +editor B-NP B-NP +in B-PP B-PP +chief B-NP B-NP +of B-PP B-PP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +recently B-ADJP B-ADJP +launched I-ADJP I-ADJP +daily B-NP B-NP +, O O +the B-NP B-NP +St. I-NP I-NP +Louis I-NP I-NP +Sun I-NP I-NP +. O O + +Also B-ADVP B-ADVP +, O O +Jean B-NP B-NP +B. I-NP I-NP +Clifton I-NP I-NP +, O O +28 B-NP B-NP +, O O +was B-VP B-VP +named I-VP I-VP +executive B-NP B-NP +vice I-NP I-NP +president I-NP I-NP +, O O +treasurer B-NP B-NP +and O O +chief B-NP B-NP +financial I-NP I-NP +officer I-NP I-NP +. O O + +Michael B-NP B-NP +Applebaum I-NP I-NP +resigned B-VP B-VP +after B-PP B-PP +less B-NP B-NP +than I-NP I-NP +a I-NP I-NP +year I-NP I-NP +in B-PP B-PP +the B-NP B-NP +posts I-NP I-NP +. O O + +Ms. B-NP B-NP +Clifton I-NP I-NP +had B-VP B-VP +been I-VP I-VP +executive B-NP B-NP +financial I-NP I-NP +assistant I-NP I-NP +to B-PP B-PP +the B-NP B-NP +chairman I-NP I-NP +. O O + +Certainly B-ADVP B-ADVP +conservative B-NP B-NP +environmentalists I-NP I-NP +can B-VP B-VP +defend I-VP I-VP +their B-NP B-NP +limited I-NP I-NP +government I-NP I-NP +position I-NP I-NP +by B-PP B-PP +differentiating B-VP B-VP +between B-PP B-PP +Old B-NP B-NP +Environmentalism I-NP I-NP +and O O +New B-NP B-NP +Environmentalism I-NP I-NP +-LRB- O O +`` O O +Journalists B-NP B-NP +and I-NP I-NP +Others I-NP I-NP +for B-PP B-PP +Saving B-VP B-VP +the B-NP B-NP +Planet I-NP I-NP +, O O +'' O O +by B-PP B-PP +David B-NP B-NP +Brooks I-NP I-NP +, O O +editorial B-NP B-NP +page I-NP I-NP +, O O +Oct. B-NP B-NP +5 I-NP I-NP +-RRB- O O +. O O + +Old B-NP B-NP +Environmentalism I-NP I-NP +involved B-VP B-VP +microbe B-NP B-NP +hunters I-NP I-NP +and O I-NP +sanitationists B-NP I-NP +. O O + +It B-NP B-NP +started B-VP B-VP +with B-PP B-PP +improvements B-NP B-NP +in B-PP B-PP +hygiene B-NP B-NP +made B-VP B-VP +possible B-ADJP B-ADJP +by B-PP B-PP +affordable B-NP B-NP +soap I-NP I-NP +and O O +washable B-NP B-NP +underwear I-NP I-NP +during B-PP B-PP +the B-NP B-NP +Industrial I-NP I-NP +Revolution I-NP I-NP +. O O + +Then B-ADVP O +cast-iron B-NP B-NP +sewer I-NP I-NP +pipe I-NP I-NP +and O O +the B-NP B-NP +flush I-NP I-NP +toilet I-NP I-NP +were B-VP B-VP +followed I-VP I-VP +by B-PP B-PP +sewage B-NP B-NP +- I-NP O +and I-NP O +water-treatment I-NP B-NP +plants I-NP I-NP +toward B-PP B-PP +the B-NP B-NP +end I-NP I-NP +of B-PP B-PP +the B-NP B-NP +19th I-NP I-NP +century I-NP I-NP +. O O + +Medicine B-NP B-NP +in B-PP B-PP +the B-NP B-NP +19th I-NP I-NP +century I-NP I-NP +was B-VP B-VP +dedicated I-VP I-VP +mostly B-ADVP B-ADVP +to B-PP B-PP +combating B-VP B-VP +sepsis B-NP B-NP +and O O +diagnostic B-NP B-NP +analysis I-NP I-NP +. O O + +Then B-ADVP B-ADVP +the B-NP B-NP +20th I-NP I-NP +century I-NP I-NP +saw B-VP B-VP +the B-NP B-NP +evolution I-NP I-NP +of B-PP B-PP +private-sector B-NP B-NP +wonder I-NP I-NP +drugs I-NP I-NP +, O O +which B-NP B-NP +promulgated B-VP B-VP +medical B-NP B-NP +therapy I-NP I-NP +. O O + +The B-NP B-NP +process I-NP I-NP +dramatically B-VP B-ADVP +increased I-VP B-VP +our B-NP B-NP +average I-NP I-NP +life I-NP I-NP +expectancy I-NP I-NP +, O O +eliminated B-VP B-VP +much B-NP B-NP +pain I-NP I-NP +and O O +constantly B-VP B-ADVP +improved I-VP B-NP +health B-NP I-NP +and I-NP I-NP +well-being I-NP I-NP +. O O + +Most B-NP B-NP +public-health I-NP I-NP +measures I-NP I-NP +were B-VP B-VP +handled I-VP I-VP +at B-PP B-PP +the B-NP B-NP +local I-NP I-NP +level I-NP I-NP +. O O + +New B-NP B-NP +Environmentalism I-NP I-NP +probably B-ADVP B-ADVP +started B-VP B-VP +in B-PP B-PP +1962 B-NP B-NP +with B-PP B-PP +the B-NP B-NP +publication I-NP I-NP +of B-PP B-PP +Rachel B-NP B-NP +Carson I-NP I-NP +'s B-NP B-NP +book I-NP I-NP +`` O O +Silent B-NP B-NP +Spring I-NP I-NP +. O O +'' O O + +Shortly B-ADVP B-ADVP +thereafter I-ADVP I-ADVP +, O O +hysterical B-NP B-NP +articles I-NP I-NP +began B-VP B-VP +to I-VP I-VP +appear I-VP I-VP +predicting B-VP B-VP +that B-SBAR B-SBAR +advanced B-NP B-NP +industrial I-NP I-NP +societies I-NP I-NP +would B-VP B-VP +produce I-VP I-VP +a B-NP B-NP +blackened I-NP I-NP +, I-NP I-NP +uninhabitable I-NP I-NP +planet I-NP I-NP +possibly B-ADVP B-ADVP +by B-PP B-PP +the B-NP B-NP +turn I-NP I-NP +of B-PP B-PP +the B-NP B-NP +century I-NP I-NP +. O O + +These B-NP B-NP +apocalyptic I-NP I-NP +predictions I-NP I-NP +were B-VP B-VP +advanced I-VP I-VP +by B-PP B-PP +such B-NP B-NP +stalwarts I-NP I-NP +as B-PP B-PP +Paul B-NP B-NP +Ehrlich I-NP I-NP +, O O +Barry B-NP B-NP +Commoner I-NP I-NP +, O O +Rene B-NP B-NP +Dubois I-NP I-NP +and O O +George B-NP B-NP +Wald I-NP I-NP +. O O + +Writing B-VP B-VP +in B-PP B-PP +the B-NP B-NP +1960s I-NP I-NP +Ms. B-NP B-NP +Carson I-NP I-NP +suggested B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +human I-NP I-NP +race I-NP I-NP +could B-VP B-VP +be I-VP I-VP +eliminated I-VP I-VP +in B-PP B-PP +20 B-NP B-NP +years I-NP I-NP +, O O +and O O +Mr. B-NP B-NP +Wald I-NP I-NP +suggested B-VP B-VP +that O O +life B-NP B-NP +on B-PP B-PP +earth B-NP B-NP +might B-VP B-VP +end I-VP I-VP +by B-PP B-PP +1985 B-NP B-NP +. O O + +Mr. B-NP B-NP +Ehrlich I-NP I-NP +predicted B-VP B-VP +unprecedented B-NP B-NP +famine I-NP I-NP +by B-PP B-PP +1980 B-NP B-NP +. O O + +There B-NP B-NP +were B-VP B-VP +many B-NP B-NP +more I-NP I-NP +. O O + +Thousands B-NP B-NP +of B-PP B-PP +chemical B-NP B-NP +products I-NP I-NP +were B-VP B-VP +categorized I-VP I-VP +as B-PP B-PP +carcinogenic B-ADJP B-ADJP +, O O +with B-PP B-PP +recommendations B-NP B-NP +that B-SBAR B-SBAR +they B-NP B-NP +be B-VP B-VP +banned I-VP I-VP +from B-PP B-PP +industrial B-NP B-NP +use I-NP I-NP +because B-SBAR B-SBAR +they B-NP B-NP +produced B-VP B-VP +malignant B-NP B-NP +tumors I-NP I-NP +in B-PP B-PP +overdosed B-NP B-NP +rats I-NP I-NP +. O O + +Unknown B-ADJP B-ADJP +before B-PP B-PP +1960 B-NP B-NP +were B-VP B-VP +the B-NP B-NP +inconclusive I-NP I-NP +effects I-NP I-NP +of B-PP B-PP +acid B-NP B-NP +rain I-NP I-NP +, O O +greenhouse B-NP B-NP +warming I-NP I-NP +and O O +ozone B-NP B-NP +depletion I-NP I-NP +, O O +all B-NP B-NP +of B-PP B-PP +which B-NP B-NP +required B-VP B-VP +burgeoning B-NP B-NP +political I-NP I-NP +power I-NP I-NP +and O O +gargantuan B-NP B-NP +expense I-NP I-NP +. O O + +Meanwhile B-ADVP B-ADVP +, O O +the B-NP B-NP +New I-NP I-NP +Environmentalists I-NP I-NP +systematically B-VP B-ADVP +opposed I-VP B-VP +the B-NP B-NP +methods I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Old I-NP I-NP +Environmentalists I-NP I-NP +. O O + +Local B-NP B-NP +pollution I-NP I-NP +problems I-NP I-NP +require B-VP B-VP +cheap B-NP B-NP +energy I-NP I-NP +and O I-NP +capital B-NP I-NP +for B-PP B-PP +their B-NP B-NP +solution I-NP I-NP +. O O + +But O O +the B-NP B-NP +New I-NP I-NP +Environmentalists I-NP I-NP +oppose B-VP B-VP +private B-NP B-NP +wealth I-NP I-NP +creation I-NP I-NP +-LRB- O O +which B-NP B-NP +, O O +they B-NP B-NP +claim B-VP B-VP +, O O +depletes B-VP B-VP +natural B-NP B-NP +resources I-NP I-NP +-RRB- O O +and O O +nuclear B-NP B-NP +power I-NP I-NP +-LRB- O O +even B-ADVP B-SBAR +though B-SBAR I-SBAR +it B-NP B-NP +would B-VP B-VP +counteract I-VP I-VP +the B-NP B-NP +greenhouse I-NP I-NP +effect I-NP I-NP +-RRB- O O +. O O + +They B-NP B-NP +are B-VP B-VP +in B-PP B-PP +the B-NP B-NP +forefront I-NP I-NP +of B-PP B-PP +opposing B-VP B-VP +the B-NP B-NP +search I-NP I-NP +for B-PP B-PP +new B-NP B-NP +landfills I-NP I-NP +and I-NP O +methods I-NP B-NP +of B-PP B-PP +incineration B-NP B-NP +and O O +even B-ADVP B-VP +oppose B-VP I-VP +new B-NP B-NP +methods I-NP I-NP +of B-PP B-PP +research B-NP B-NP +such B-PP B-PP +as I-PP I-PP +genetic B-NP B-NP +engineering I-NP I-NP +. O O + +New B-NP B-NP +Environmentalism I-NP I-NP +is B-VP B-VP +an B-NP B-NP +emotional I-NP I-NP +attack I-NP I-NP +on B-PP B-PP +proven B-NP B-NP +methods I-NP I-NP +of B-PP B-PP +improving B-VP B-VP +our B-NP B-NP +quality I-NP I-NP +of B-PP B-PP +life B-NP B-NP +and O O +a B-NP B-NP +bid I-NP I-NP +for B-PP B-PP +political B-NP B-NP +power I-NP I-NP +. O O + +Let B-VP B-NP +'s B-NP B-VP +rationalize B-VP I-VP +our B-NP B-NP +priorities I-NP I-NP +by B-PP B-PP +solving B-VP B-VP +pollution B-NP B-NP +problems I-NP I-NP +at B-PP B-PP +the B-NP B-NP +local I-NP I-NP +level I-NP I-NP +as B-PP B-PP +heretofore O B-NP +. O O + +Harry B-NP B-NP +Lee I-NP I-NP +Smith I-NP I-NP +Alpharetta B-NP I-NP +, O O +Ga B-NP B-NP +. O O + +Your B-NP B-NP +story I-NP I-NP +missed B-VP B-VP +some B-NP B-NP +essential I-NP I-NP +points I-NP I-NP +of B-PP B-PP +the B-NP B-NP +conference I-NP I-NP +on B-PP B-PP +`` O O +The B-NP B-NP +Global I-NP I-NP +Environment I-NP I-NP +: O O +Are O O +We B-NP B-NP +Overreacting B-VP B-VP +? O O +'' O O + +First B-ADVP B-ADVP +and I-ADVP I-ADVP +foremost I-ADVP I-ADVP +, O O +the B-NP B-NP +vignettes I-NP I-NP +presented B-VP B-VP +by B-PP B-PP +the B-NP B-NP +various I-NP I-NP +scientists I-NP I-NP +represent B-VP B-VP +a B-NP B-NP +general I-NP I-NP +consensus I-NP I-NP +among B-PP B-PP +specialists B-NP B-NP +working B-VP B-VP +in B-PP B-PP +the B-NP B-NP +respective I-NP I-NP +aspects I-NP I-NP +of B-PP B-PP +the B-NP B-NP +global I-NP I-NP +environment I-NP I-NP +. O O + +Consider B-VP B-VP +, O O +for B-PP B-PP +example B-NP B-NP +, O O +the B-NP B-NP +greenhouse I-NP I-NP +effect I-NP I-NP +and O O +climate B-NP B-NP +change I-NP I-NP +; O O +numerous B-NP B-NP +blue-ribbon I-NP I-NP +scientific I-NP I-NP +committees I-NP I-NP +, O O +including B-PP B-PP +one B-NP B-NP +from B-PP B-PP +the B-NP B-NP +National I-NP I-NP +Academy I-NP I-NP +of B-PP B-PP +Science B-NP B-NP +, O O +judge B-VP B-VP +there B-NP B-NP +is B-VP B-VP +a B-NP B-NP +greater I-NP I-NP +than I-NP I-NP +50 I-NP I-NP +% I-NP I-NP +probability I-NP I-NP +of B-PP B-PP +a B-NP B-NP +grave I-NP I-NP +problem I-NP I-NP +in B-PP B-PP +the B-NP B-NP +offing I-NP I-NP +. O O + +The B-NP B-NP +point I-NP I-NP +was B-VP B-VP +to B-VP B-VP +answer I-VP I-VP +the B-NP B-NP +question I-NP I-NP +in B-PP B-PP +the B-NP B-NP +conference I-NP I-NP +title I-NP I-NP +, O O +not O O +to B-VP B-VP +try I-VP I-VP +to I-VP I-VP +create I-VP I-VP +news B-NP B-NP +stories I-NP I-NP +for B-PP B-PP +the B-NP B-NP +event I-NP I-NP +itself I-NP B-NP +. O O + +Nor O O +was O O +it B-NP B-NP +intended B-VP B-VP +to I-VP I-VP +dictate I-VP I-VP +a B-NP B-NP +set I-NP I-NP +of B-PP B-PP +prescriptive B-NP B-NP +solutions I-NP I-NP +, O O +although B-SBAR B-SBAR +various B-NP B-NP +points I-NP I-NP +were B-VP B-VP +raised I-VP I-VP +. O O + +Each B-NP B-NP +speaker I-NP I-NP +was B-VP B-VP +asked I-VP I-VP +to I-VP B-VP +address I-VP I-VP +a B-NP B-NP +specific I-NP I-NP +topic I-NP I-NP +, O O +not O O +deliver B-VP B-VP +a B-NP B-NP +point I-NP I-NP +of B-PP B-PP +view B-NP B-NP +. O O + +Each B-NP B-NP +scientist I-NP I-NP +independently B-VP B-ADVP +concluded I-VP B-VP +society B-NP B-NP +and I-NP I-NP +government I-NP I-NP +are B-VP B-VP +underreacting I-VP I-VP +when B-ADVP B-ADVP +it B-NP B-NP +comes B-VP B-VP +to B-PP B-PP +substantive B-NP B-NP +policy I-NP I-NP +change I-NP I-NP +. O O + +This B-NP B-NP +leads B-VP B-VP +to B-PP B-PP +a B-NP B-NP +very I-NP I-NP +special I-NP I-NP +sense I-NP I-NP +of B-PP B-PP +urgency B-NP B-NP +. O O + +If B-SBAR B-SBAR +the B-NP B-NP +media I-NP I-NP +decide B-VP B-VP +to I-VP I-VP +work I-VP I-VP +harder B-ADVP B-ADVP +at B-PP B-PP +educating B-VP B-VP +the B-NP B-NP +public I-NP I-NP +about B-PP B-PP +these B-NP B-NP +complex I-NP I-NP +and I-NP I-NP +technical I-NP I-NP +issues I-NP I-NP +, O O +that B-NP B-NP +hardly B-ADVP B-ADVP +can B-VP B-VP +be I-VP I-VP +termed I-VP I-VP +non-objective B-NP B-NP +journalism I-NP I-NP +. O O + +The B-NP B-NP +environment I-NP I-NP +can B-VP B-VP +no I-VP I-VP +longer I-VP I-VP +be I-VP I-VP +a B-NP B-NP +normal I-NP I-NP +issue I-NP I-NP +, O O +to B-VP B-VP +be I-VP I-VP +dealt I-VP I-VP +with O B-PRT +on B-PP B-PP +a B-NP B-NP +business-as-usual I-NP I-NP +basis I-NP I-NP +with B-PP B-PP +comfortable B-NP B-NP +increments I-NP I-NP +of B-PP B-PP +change B-NP B-NP +. O O + +We B-NP B-NP +have B-VP B-VP +literally I-VP I-VP +altered I-VP I-VP +the B-NP B-NP +chemistry I-NP I-NP +and I-NP I-NP +physics I-NP I-NP +of B-PP B-PP +our B-NP B-NP +planet I-NP I-NP +'s B-NP B-NP +atmosphere I-NP I-NP +. O O + +This B-NP B-NP +portends B-VP B-VP +consequences B-NP B-NP +from B-PP B-PP +what B-NP B-NP +we B-NP B-NP +have B-VP B-VP +already I-VP I-VP +done I-VP I-VP +that B-NP B-NP +will B-VP B-VP +be I-VP I-VP +very B-ADJP B-ADJP +destabilizing I-ADJP I-ADJP +to B-PP B-PP +social B-NP B-NP +and I-NP I-NP +economic I-NP I-NP +systems I-NP I-NP +. O O + +The B-NP B-NP +problems I-NP I-NP +of B-PP B-PP +the B-NP B-NP +environment I-NP I-NP +are B-VP B-VP +so B-ADJP B-ADJP +interrelated I-ADJP I-ADJP +, O O +so B-ADJP B-VP +inextricably I-ADJP I-VP +entwined I-ADJP I-VP +with B-PP B-PP +our B-NP B-NP +current I-NP I-NP +way I-NP I-NP +of B-PP B-PP +life B-NP B-NP +and O O +so B-ADJP B-ADJP +large I-ADJP I-ADJP +that B-SBAR B-SBAR +it B-NP B-NP +is B-VP B-VP +unlikely B-ADJP B-ADJP +we B-NP B-NP +will B-VP B-VP +be I-VP I-VP +able B-ADJP B-ADJP +to B-VP B-VP +address I-VP I-VP +them B-NP B-NP +effectively B-ADVP B-ADVP +unless B-SBAR B-SBAR +major B-NP B-NP +changes I-NP I-NP +are B-VP B-VP +made I-VP I-VP +in B-PP B-PP +less B-NP B-NP +than I-NP I-NP +10 I-NP I-NP +years I-NP I-NP +. O O + +The B-NP B-NP +consensus I-NP I-NP +from B-PP B-PP +the B-NP B-NP +scientific I-NP I-NP +community I-NP I-NP +is B-VP B-VP +that B-SBAR B-SBAR +there B-NP B-NP +is B-VP B-VP +sufficient B-NP B-NP +evidence I-NP I-NP +to B-VP B-VP +advise I-VP I-VP +major B-NP B-NP +policy I-NP I-NP +changes I-NP I-NP +. O O + +No B-INTJ B-INTJ +, O O +we B-NP B-NP +are B-VP B-VP +not I-VP I-VP +overreacting I-VP I-VP +. O O + +Thomas B-NP B-NP +E. I-NP I-NP +Lovejoy I-NP I-NP +Assistant B-NP I-NP +Secretary I-NP I-NP +for B-PP B-PP +External B-NP B-NP +Affairs I-NP I-NP +Smithsonian B-NP I-NP +Institution I-NP I-NP + +Coca-Cola B-NP B-NP +Enterprises I-NP I-NP +Inc. I-NP I-NP +, O O +fulfilling B-VP B-VP +its B-NP B-NP +dismal I-NP I-NP +earnings I-NP I-NP +forecast I-NP I-NP +for B-PP B-PP +1989 B-NP B-NP +, O O +said B-VP B-VP +its B-NP B-NP +third-quarter I-NP I-NP +net I-NP I-NP +income I-NP I-NP +fell B-VP B-VP +68 B-NP B-NP +% I-NP I-NP +on B-PP B-PP +flat B-NP B-NP +revenue I-NP I-NP +. O O + +Stung B-VP B-VP +by B-PP B-PP +higher B-NP B-NP +marketing I-NP I-NP +costs I-NP I-NP +and O O +slowing B-NP B-NP +volume I-NP I-NP +growth I-NP I-NP +, O O +the B-NP B-NP +giant I-NP I-NP +Coke I-NP I-NP +bottling I-NP I-NP +operation I-NP I-NP +said B-VP B-VP +net B-NP B-NP +fell B-VP B-VP +to B-PP B-PP +$ B-NP B-NP +12.7 I-NP I-NP +million I-NP I-NP +, O O +or O O +six B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +from B-PP B-PP +$ B-NP B-NP +39.9 I-NP I-NP +million I-NP I-NP +, O O +or O O +26 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +the B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +The B-NP B-NP +results I-NP I-NP +met B-VP B-VP +estimates B-NP B-NP +of B-PP B-PP +analysts B-NP B-NP +, O O +who B-NP B-NP +had B-VP B-VP +already I-VP I-VP +slashed I-VP I-VP +their B-NP B-NP +projections I-NP I-NP +after B-SBAR B-SBAR +the B-NP B-NP +company I-NP I-NP +said B-VP B-VP +in B-PP B-PP +late B-NP B-NP +August I-NP I-NP +that B-SBAR B-SBAR +its B-NP B-NP +1989 I-NP I-NP +earnings I-NP I-NP +could B-VP B-VP +tumble I-VP I-VP +as B-NP B-NP +much I-NP I-NP +as I-NP I-NP +37 I-NP I-NP +% I-NP I-NP +. O O + +A B-NP B-NP +company I-NP I-NP +spokesman I-NP I-NP +said B-VP B-VP +yesterday B-NP B-NP +that B-SBAR B-SBAR +Coca-Cola B-NP B-NP +Enterprises I-NP I-NP +sticks B-VP B-VP +by B-PP B-PP +its B-NP B-NP +1989 I-NP I-NP +forecast I-NP I-NP +. O O + +Third-quarter B-NP B-NP +revenue I-NP I-NP +was B-VP B-VP +flat B-ADJP B-ADJP +at B-PP B-PP +$ B-NP B-NP +1.02 I-NP I-NP +billion I-NP I-NP +. O O + +The B-NP B-NP +year-ago I-NP I-NP +results I-NP I-NP +, O O +however B-ADVP B-ADVP +, O O +included B-VP B-VP +the B-NP B-NP +operations I-NP I-NP +of B-PP B-PP +a B-NP B-NP +bottling I-NP I-NP +business I-NP I-NP +, O O +which B-NP B-NP +was B-VP B-VP +sold I-VP I-VP +last B-NP B-NP +December I-NP I-NP +. O O + +Excluding B-VP B-PP +that B-NP B-NP +bottling I-NP I-NP +business I-NP I-NP +, O O +Coca-Cola B-NP B-NP +Enterprises I-NP I-NP +' B-NP B-NP +volume I-NP I-NP +, O O +measured B-VP B-VP +by B-PP B-PP +cases B-NP B-NP +of B-PP B-PP +soda B-NP B-NP +, O O +rose B-VP B-VP +only B-NP B-NP +1 I-NP I-NP +% I-NP I-NP +. O O + +The B-NP B-NP +volume I-NP I-NP +is B-VP B-VP +well B-ADVP B-ADVP +below B-PP B-PP +the B-NP B-NP +industry I-NP I-NP +'s B-NP B-NP +4 I-NP B-ADJP +% I-NP I-ADJP +to I-NP O +5 I-NP B-ADJP +% I-NP I-ADJP +growth I-NP B-NP +rate I-NP I-NP +of B-PP B-PP +recent B-NP B-NP +years I-NP I-NP +, B-PP O +but I-PP O +in B-PP B-PP +line B-NP B-NP +with B-PP B-PP +other B-NP B-NP +soft-drink I-NP I-NP +companies I-NP I-NP +for B-PP B-PP +the B-NP B-NP +third I-NP I-NP +quarter I-NP I-NP +. O O + +The B-NP B-NP +latest I-NP I-NP +third-quarter I-NP I-NP +volume I-NP I-NP +also B-ADVP B-ADVP +compares B-VP B-VP +with B-PP B-PP +a B-NP B-NP +very I-NP I-NP +strong I-NP I-NP +10 I-NP I-NP +% I-NP I-NP +growth I-NP I-NP +in B-PP B-PP +the B-NP B-NP +year-ago I-NP I-NP +quarter I-NP I-NP +. O O + +Coca-Cola B-NP B-NP +Enterprises I-NP I-NP +blamed B-VP B-VP +the B-NP B-NP +lower I-NP I-NP +volume I-NP I-NP +on B-PP B-PP +its B-NP B-NP +soft-drink I-NP I-NP +prices I-NP I-NP +, O O +which B-NP B-NP +were B-VP B-VP +about B-ADJP B-NP +3 I-ADJP I-NP +% I-ADJP I-NP +higher B-ADJP B-ADJP +in B-PP B-PP +the B-NP B-NP +third I-NP I-NP +quarter I-NP I-NP +. O O + +Consumers B-NP B-NP +have B-VP B-VP +been I-VP I-VP +accustomed I-VP B-ADJP +to B-PP B-PP +buying B-VP B-VP +soft-drinks B-NP B-NP +at B-PP B-PP +discounted B-NP B-NP +prices I-NP I-NP +for B-PP B-PP +several B-NP B-NP +years I-NP I-NP +. O O + +Coca-Cola B-NP B-NP +Enterprises I-NP I-NP +said B-VP B-VP +it B-NP B-NP +had B-VP B-VP +to I-VP I-VP +boost I-VP I-VP +spending B-NP B-NP +for B-PP B-PP +trade B-NP B-NP +and I-NP I-NP +dealer I-NP I-NP +incentives I-NP I-NP +to B-VP B-VP +try I-VP I-VP +to I-VP I-VP +keep I-VP I-VP +volumes B-NP B-NP +from B-PP B-PP +slipping B-VP B-VP +. O O + +The B-NP B-NP +company I-NP I-NP +said B-VP B-VP +it B-NP B-NP +expects B-VP B-VP +consumers B-NP B-NP +will B-VP B-VP +adjust I-VP I-VP +to B-PP B-PP +higher-priced B-NP B-NP +soft I-NP I-NP +drinks I-NP I-NP +. O O + +A B-NP B-NP +spokesman I-NP I-NP +attributed B-VP B-VP +the B-NP B-NP +bulk I-NP I-NP +of B-PP B-PP +a B-NP B-NP +14 I-NP I-NP +% I-NP I-NP +increase I-NP I-NP +in B-PP B-PP +selling B-NP B-NP +, I-NP I-NP +administrative I-NP I-NP +and I-NP I-NP +general I-NP I-NP +expenses I-NP I-NP +-- O O +to B-PP B-PP +$ B-NP B-NP +324.9 I-NP I-NP +million I-NP I-NP +-- O O +to B-PP B-PP +marketing B-NP B-NP +costs I-NP I-NP +. O O + +`` O O +They B-NP B-NP +'re B-VP B-VP +out B-PP B-ADVP +there B-NP I-ADVP +promoting B-VP B-VP +like B-PP B-PP +crazy B-ADJP B-ADJP +, O O +trying B-VP B-VP +to I-VP I-VP +get I-VP I-VP +prices B-NP B-NP +up B-ADJP B-ADVP +by B-PP B-PP +promotion B-NP B-NP +, O O +'' O O +said B-VP B-VP +Roy B-NP B-NP +Burry I-NP I-NP +, O O +an B-NP B-NP +analyst I-NP I-NP +with B-PP B-PP +Kidder B-NP B-NP +, I-NP I-NP +Peabody I-NP I-NP +& I-NP I-NP +Co I-NP I-NP +. O O + +For B-PP B-PP +the B-NP B-NP +nine I-NP I-NP +months I-NP I-NP +, O O +Coca-Cola B-NP B-NP +Enterprises I-NP I-NP +' B-NP B-NP +net I-NP I-NP +fell B-VP B-VP +31 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +65 I-NP I-NP +million I-NP I-NP +, O O +or O O +39 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +from B-PP B-PP +$ B-NP B-NP +93.8 I-NP I-NP +million I-NP I-NP +, O O +or O O +63 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +Revenue B-NP B-NP +was B-VP B-VP +flat B-ADJP B-ADJP +at B-PP B-PP +about B-NP B-NP +$ I-NP I-NP +2.97 I-NP I-NP +billion I-NP I-NP +. O O + +Coca-Cola B-NP B-NP +Enterprises I-NP I-NP +, O O +which B-NP B-NP +is B-VP B-VP +49%-owned B-ADJP B-ADJP +by B-PP B-PP +Coca-Cola B-NP B-NP +Co. I-NP I-NP +, O O +also B-ADVP B-ADVP +said B-VP B-VP +it B-NP B-NP +repurchased B-VP B-VP +about B-NP B-NP +1.2 I-NP I-NP +million I-NP I-NP +of B-PP B-PP +its B-NP B-NP +common I-NP I-NP +shares I-NP I-NP +during B-PP B-PP +the B-NP B-NP +third I-NP I-NP +quarter I-NP I-NP +. O O + +The B-NP B-NP +buy-back I-NP I-NP +is B-VP B-VP +part B-NP B-NP +of B-PP B-PP +a B-NP B-NP +25-million-share I-NP I-NP +repurchase I-NP I-NP +plan I-NP I-NP +, O O +under B-PP B-PP +which B-NP B-NP +Coca-Cola B-NP B-NP +Enterprises I-NP I-NP +so B-ADVP B-ADVP +far I-ADVP I-ADVP +has B-VP B-VP +acquired I-VP I-VP +a B-NP B-NP +total I-NP I-NP +of B-PP B-PP +9.7 B-NP B-NP +million I-NP I-NP +shares I-NP I-NP +. O O + +Separately B-ADVP B-ADVP +, O O +Purchase B-NP B-NP +, I-NP O +N.Y.-based I-NP B-NP +PepsiCo I-NP I-NP +Inc. I-NP I-NP +, O O +as B-SBAR B-SBAR +expected B-VP B-VP +, O O +said B-VP B-VP +fiscal B-NP B-NP +third-quarter I-NP I-NP +net I-NP I-NP +rose B-VP B-VP +11 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +269.3 I-NP I-NP +million I-NP I-NP +, O O +or O O +$ B-NP B-NP +1.02 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +from B-PP B-PP +$ B-NP B-NP +241.6 I-NP I-NP +million I-NP I-NP +, O O +or O O +91 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +Sales B-NP B-NP +rose B-VP B-VP +25 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +3.90 I-NP I-NP +billion I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +3.13 I-NP I-NP +billion I-NP I-NP +. O O + +The B-NP B-NP +year-ago I-NP I-NP +quarter I-NP I-NP +'s B-NP B-NP +results I-NP I-NP +include B-VP B-VP +an B-NP B-NP +after-tax I-NP I-NP +charge I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +5.9 I-NP I-NP +million I-NP I-NP +from B-PP B-PP +the B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +a B-NP B-NP +winery I-NP I-NP +in B-PP B-PP +Spain B-NP B-NP +. O O + +In B-PP B-PP +composite B-NP B-NP +trading I-NP I-NP +on B-PP B-PP +the B-NP B-NP +New I-NP I-NP +York I-NP I-NP +Stock I-NP I-NP +Exchange I-NP I-NP +, O O +Coca-Cola B-NP B-NP +Enterprises I-NP I-NP +closed B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +16.375 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +down B-ADVP B-ADVP +62.5 B-NP B-NP +cents I-NP I-NP +. O O + +PepsiCo B-NP B-NP +closed B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +58.50 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +up B-ADVP B-ADVP +$ B-NP B-NP +1.375 I-NP I-NP +. O O + +L.J. B-NP B-NP +Hooker I-NP I-NP +Corp. I-NP I-NP +is B-VP B-VP +expected I-VP I-VP +to I-VP I-VP +reach I-VP I-VP +an B-NP B-NP +agreement I-NP I-NP +in B-PP B-PP +principle B-NP B-NP +this B-NP B-NP +week I-NP I-NP +to B-VP B-VP +sell I-VP I-VP +Merksamer B-NP B-NP +Jewelers I-NP I-NP +Inc. I-NP I-NP +to B-PP B-PP +management B-NP B-NP +, O O +say B-VP B-VP +executives B-NP B-NP +familiar B-ADJP B-ADJP +with B-PP B-PP +the B-NP B-NP +talks I-NP I-NP +. O O + +L.J. B-NP B-NP +Hooker I-NP I-NP +, O O +based B-VP B-VP +in B-PP B-PP +Atlanta B-NP B-NP +, O O +filed B-VP B-VP +for B-PP B-PP +Chapter B-NP B-NP +11 I-NP I-NP +bankruptcy I-NP I-NP +protection I-NP I-NP +earlier B-ADVP B-NP +this B-NP I-NP +year I-NP I-NP +. O O + +Currently B-ADVP B-ADVP +, O O +its B-NP B-NP +parent I-NP I-NP +company I-NP I-NP +, O O +Hooker B-NP B-NP +Corp. I-NP I-NP +of B-PP B-PP +Sydney B-NP B-NP +, O O +Australia B-NP B-NP +, O O +is B-VP B-VP +being I-VP I-VP +managed I-VP I-VP +by B-PP B-PP +a B-NP B-NP +court-appointed I-NP I-NP +liquidator I-NP I-NP +. O O + +It B-NP B-NP +is B-VP B-VP +expected I-VP I-VP +that B-SBAR B-SBAR +GE B-NP B-NP +Capital I-NP I-NP +Corp. I-NP I-NP +, O O +a B-NP B-NP +financial-services I-NP I-NP +subsidiary I-NP I-NP +of B-PP B-PP +General B-NP B-NP +Electric I-NP I-NP +Co. I-NP I-NP +, O O +will B-VP B-VP +provide I-VP I-VP +much B-NP B-NP +of I-NP B-PP +the B-NP B-NP +funding I-NP I-NP +for B-PP B-PP +the B-NP B-NP +proposed I-NP I-NP +leveraged I-NP I-NP +buy-out I-NP I-NP +of B-PP B-PP +Merksamer B-NP B-NP +, O O +based B-VP B-VP +in B-PP B-PP +Sacramento B-NP B-NP +, O O +Calif B-NP B-NP +. O O + +A B-NP B-NP +spokesman I-NP I-NP +for B-PP B-PP +GE B-NP B-NP +Capital I-NP I-NP +declined B-VP B-VP +to I-VP I-VP +comment I-VP I-VP +. O O + +GE B-NP B-NP +Capital I-NP I-NP +has B-VP B-VP +a B-NP B-NP +working I-NP I-NP +relationship I-NP I-NP +with B-PP B-PP +L.J. B-NP B-NP +Hooker I-NP I-NP +. O O + +It B-NP B-NP +is B-VP B-VP +providing I-VP I-VP +$ B-NP B-NP +50 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +emergency B-NP B-NP +financing I-NP I-NP +to B-PP B-PP +the B-NP B-NP +company I-NP I-NP +and O O +has B-VP B-VP +agreed I-VP I-VP +to I-VP I-VP +buy I-VP I-VP +as B-NP B-NP +much I-NP I-NP +as B-PP I-NP +$ B-NP I-NP +75 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +receivables B-NP B-NP +from B-PP B-PP +B. B-NP B-NP +Altman I-NP I-NP +& I-NP I-NP +Co. I-NP I-NP +and O O +Bonwit B-NP B-NP +Teller I-NP I-NP +, O O +L.J. B-NP B-NP +Hooker I-NP I-NP +'s B-NP B-NP +two O O +fully B-ADJP B-ADJP +owned I-ADJP I-ADJP +department-store B-NP B-NP +chains I-NP I-NP +. O O + +Sam B-NP B-NP +Merksamer I-NP I-NP +, O O +chief B-NP B-NP +executive I-NP I-NP +officer I-NP I-NP +of B-PP B-PP +the B-NP B-NP +nationwide I-NP I-NP +jewelry I-NP I-NP +chain I-NP I-NP +, O O +and O O +Sanford B-NP B-NP +Sigoloff I-NP I-NP +, O O +chief B-NP B-NP +executive I-NP I-NP +of B-PP B-PP +L.J. B-NP B-NP +Hooker I-NP I-NP +Corp. I-NP I-NP +, O O +both B-NP B-NP +declined B-VP B-VP +to I-VP I-VP +comment I-VP I-VP +. O O + +Currently B-ADVP B-ADVP +, O O +Mr. B-NP B-NP +Merksamer I-NP I-NP +owns B-VP B-VP +20 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +the B-NP B-NP +company I-NP I-NP +; O O +L.J. B-NP B-NP +Hooker I-NP I-NP +acquired B-VP B-VP +its B-NP B-NP +80 I-NP I-NP +% I-NP I-NP +interest I-NP I-NP +in B-PP B-PP +the B-NP B-NP +firm I-NP I-NP +in B-PP B-PP +May B-NP B-NP +1986 I-NP I-NP +. O O + +At B-PP B-PP +the B-NP B-NP +time I-NP I-NP +, O O +the B-NP B-NP +Merksamer I-NP I-NP +chain I-NP I-NP +had B-VP B-VP +11 B-NP B-NP +stores I-NP I-NP +in B-PP B-PP +operation B-NP B-NP +. O O + +Today B-NP B-NP +, O O +there B-NP B-NP +are B-VP B-VP +77 B-NP B-NP +units I-NP I-NP +, O O +all B-NP B-NP +located B-ADJP B-VP +in B-PP B-PP +shopping B-NP B-NP +malls I-NP I-NP +. O O + +In B-PP B-PP +recent B-NP B-NP +weeks I-NP I-NP +Mr. B-NP B-NP +Merksamer I-NP I-NP +has B-VP B-VP +approached I-VP I-VP +a B-NP B-NP +number I-NP I-NP +of B-PP B-PP +his B-NP B-NP +suppliers I-NP I-NP +and O O +asked B-VP B-VP +them B-NP B-NP +to B-VP B-VP +provide I-VP I-VP +letters B-NP B-NP +of B-PP B-PP +intent B-NP B-NP +saying B-VP B-VP +they B-NP B-NP +will B-VP B-VP +continue I-VP I-VP +shipping I-VP I-VP +merchandise B-NP B-NP +to B-PP B-PP +the B-NP B-NP +chain I-NP I-NP +following B-PP B-PP +the B-NP B-NP +buy-out I-NP I-NP +, O O +say B-VP B-VP +those B-NP B-NP +familiar B-ADJP B-ADJP +with B-PP B-PP +the B-NP B-NP +situation I-NP I-NP +. O O + +This B-NP B-NP +year I-NP I-NP +, O O +a B-NP B-NP +number I-NP I-NP +of B-PP B-PP +retail B-NP B-NP +leveraged I-NP I-NP +buyouts I-NP I-NP +have B-VP B-VP +failed I-VP I-VP +, O O +causing B-VP B-VP +jitters B-NP B-NP +among B-PP B-PP +suppliers B-NP B-NP +, O O +and O O +Mr. B-NP B-NP +Merksamer I-NP I-NP +apparently B-ADVP B-ADVP +wanted B-VP B-VP +assurances B-NP B-NP +that B-SBAR B-SBAR +he B-NP B-NP +wo B-VP B-VP +n't I-VP I-VP +have I-VP I-VP +delivery B-NP B-NP +problems I-NP I-NP +. O O + +For B-PP B-PP +the B-NP B-NP +year I-NP I-NP +ended B-VP B-VP +June B-NP B-NP +30 I-NP I-NP +, I-NP I-NP +1989 I-NP I-NP +, O O +Merksamer B-NP B-NP +Jewelers I-NP I-NP +had B-VP B-VP +$ B-NP B-NP +62 I-NP I-NP +million I-NP I-NP +of B-PP B-PP +revenue B-NP B-NP +and O O +operating B-NP B-NP +profit I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +2.5 I-NP I-NP +million I-NP I-NP +. O O + +The B-NP B-NP +jewelery I-NP I-NP +chain I-NP I-NP +was B-VP B-VP +put I-VP I-VP +up B-ADVP B-PRT +for B-PP B-PP +sale B-NP B-NP +in B-PP B-PP +June B-NP B-NP +. O O + +According B-PP B-PP +to B-PP B-PP +those B-NP B-NP +familiar B-ADJP B-ADJP +with B-PP B-PP +the B-NP B-NP +situation I-NP I-NP +, O O +other B-NP B-NP +bidders I-NP I-NP +included B-VP B-VP +Ratners B-NP B-NP +Group I-NP I-NP +PLC I-NP I-NP +of B-PP B-PP +London B-NP B-NP +and O O +Kay B-NP B-NP +Jewelers I-NP I-NP +Inc I-NP I-NP +. O O + +First B-NP B-NP +Boston I-NP I-NP +Corp. I-NP I-NP +is B-VP B-VP +advising I-VP I-VP +L.J. B-NP B-NP +Hooker I-NP I-NP +on B-PP B-PP +the B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Merksamer I-NP I-NP +business I-NP I-NP +. O O + +Merksamer B-NP B-NP +was B-VP B-VP +the B-NP B-NP +first I-NP I-NP +in B-PP B-PP +a B-NP B-NP +series I-NP I-NP +of B-PP B-PP +retail B-NP B-NP +acquisitions I-NP I-NP +made B-VP B-VP +by B-PP B-PP +L.J. B-NP B-NP +Hooker I-NP I-NP +. O O + +The B-NP B-NP +company I-NP I-NP +was B-VP B-VP +founded I-VP I-VP +in B-PP B-PP +Sacramento B-NP B-NP +in B-PP B-PP +1929 B-NP B-NP +by B-PP B-PP +two B-NP B-NP +brothers I-NP I-NP +, O O +Ralph B-NP B-NP +and I-NP I-NP +Walter I-NP I-NP +Merksamer I-NP I-NP +, O O +who B-NP B-NP +operated B-VP B-VP +as B-PP B-PP +DeVon B-NP B-NP +'s B-NP B-NP +Jewelers I-NP I-NP +. O O + +In B-PP B-PP +1979 B-NP B-NP +, O O +the B-NP B-NP +pair I-NP I-NP +split B-VP B-VP +the B-NP B-NP +company I-NP I-NP +in B-PP B-PP +half B-NP B-NP +, O O +with B-PP B-PP +Walter B-NP B-NP +and O O +his B-NP B-NP +son I-NP I-NP +, O O +Sam B-NP B-NP +, O O +agreeing B-VP B-VP +to I-VP I-VP +operate I-VP I-VP +under B-PP B-PP +the B-NP B-NP +Merksamer I-NP I-NP +Jewelery I-NP I-NP +name I-NP I-NP +. O O + +The B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +Merksamer B-NP B-NP +Jewelers I-NP I-NP +is B-VP B-VP +subject B-ADJP B-ADJP +to B-PP B-PP +approval B-NP B-NP +by B-PP B-PP +Judge B-NP B-NP +Tina I-NP I-NP +Brozman I-NP I-NP +of B-PP B-PP +U.S. B-NP B-NP +Bankruptcy I-NP I-NP +Court I-NP I-NP +. O O + +As B-SBAR B-SBAR +earlier B-ADVP B-ADVP +reported B-VP B-VP +, O O +L.J. B-NP B-NP +Hooker I-NP I-NP +this B-NP B-NP +week I-NP I-NP +received B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +409 I-NP I-NP +million I-NP I-NP +bid I-NP I-NP +for B-PP B-PP +its B-NP B-NP +three I-NP I-NP +shopping I-NP I-NP +malls I-NP I-NP +, O O +plus O O +other B-NP B-NP +properties I-NP I-NP +from B-PP B-PP +a B-NP B-NP +consortium I-NP I-NP +led B-VP B-VP +by B-PP B-PP +Honolulu B-NP B-NP +real-estate I-NP I-NP +investor I-NP I-NP +Jay I-NP I-NP +Shidler I-NP I-NP +and O O +A. B-NP B-NP +Boyd I-NP I-NP +Simpson I-NP I-NP +, O O +an B-NP B-NP +Atlanta I-NP I-NP +developer I-NP I-NP +and O O +former B-NP B-NP +L.J. I-NP I-NP +Hooker I-NP I-NP +senior I-NP I-NP +executive I-NP I-NP +. O O + +The B-NP B-NP +offer I-NP I-NP +, O O +which B-NP B-NP +did B-VP B-VP +n't I-VP I-VP +include I-VP I-VP +the B-NP B-NP +Merksamer I-NP I-NP +chain I-NP I-NP +, O O +is B-VP B-VP +being I-VP I-VP +reviewed I-VP I-VP +by B-PP B-PP +Mr. B-NP B-NP +Sigoloff I-NP I-NP +. O O + +Robert B-NP B-NP +J. I-NP I-NP +Regal I-NP I-NP +was B-VP B-VP +named I-VP I-VP +president B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +officer I-NP I-NP +of B-PP B-PP +this B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +Universal-Rundle I-NP I-NP +Corp. I-NP I-NP +unit I-NP I-NP +. O O + +Mr. B-NP B-NP +Regal I-NP I-NP +had B-VP B-VP +been I-VP I-VP +president B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +of B-PP B-PP +RBS B-NP B-NP +Industries I-NP I-NP +Inc I-NP I-NP +. O O + +Robert B-NP B-NP +H. I-NP I-NP +Carlson I-NP I-NP +, O O +previous B-NP B-NP +president I-NP I-NP +and I-NP O +chief I-NP B-NP +executive I-NP I-NP +of B-PP B-PP +Universal-Rundle B-NP B-NP +, O O +will B-VP B-VP +assume I-VP I-VP +the B-NP B-NP +title I-NP I-NP +of B-PP B-PP +chairman B-NP B-NP +of B-PP B-PP +the B-NP B-NP +unit I-NP I-NP +, O O +a B-NP B-NP +vitreous-china I-NP I-NP +maker I-NP I-NP +. O O + +The B-NP B-NP +days I-NP I-NP +may B-VP B-VP +be I-VP I-VP +numbered I-VP I-VP +for B-PP B-PP +animated B-NP B-NP +shows I-NP I-NP +featuring B-VP B-VP +Alf B-NP B-NP +, O O +the B-NP B-NP +Karate I-NP I-NP +Kid I-NP I-NP +and O O +the B-NP B-NP +Chipmunks I-NP I-NP +. O O + +NBC B-NP B-NP +, O O +a B-NP B-NP +leader I-NP I-NP +in B-PP B-PP +morning B-NP B-NP +, I-NP I-NP +prime-time I-NP I-NP +and I-NP I-NP +late I-NP I-NP +night I-NP I-NP +programs I-NP I-NP +but O O +an B-NP B-NP +also-ran I-NP I-NP +on B-PP B-PP +Saturday B-NP B-NP +mornings I-NP I-NP +, O O +when B-ADVP B-ADVP +children B-NP B-NP +rule B-VP B-VP +the B-NP B-NP +TV I-NP I-NP +set I-NP I-NP +, O O +is B-VP B-VP +contemplating I-VP I-VP +getting I-VP I-VP +out B-ADVP B-ADVP +of B-PP B-PP +the B-NP B-NP +cartoon I-NP I-NP +business I-NP I-NP +. O O + +Instead B-ADVP B-ADVP +, O O +network B-NP B-NP +officials I-NP I-NP +say B-VP B-VP +, O O +it B-NP B-NP +may B-VP B-VP +`` I-VP I-VP +counterprogram I-VP I-VP +'' O O +with B-PP B-PP +shows B-NP B-NP +for B-PP B-PP +an B-NP B-NP +audience I-NP I-NP +that B-NP B-NP +is B-VP B-VP +virtually I-VP I-VP +ignored I-VP I-VP +in B-PP B-PP +that B-NP B-NP +time I-NP I-NP +period I-NP I-NP +: O O +adults B-NP B-NP +. O O + +`` O O +There B-NP B-NP +is B-VP B-VP +talk B-NP B-NP +of B-PP B-PP +some B-NP B-NP +revamping I-NP I-NP +and O O +we B-NP B-NP +'re B-VP B-VP +certainly I-VP I-VP +heading I-VP I-VP +in B-PP B-PP +the B-NP B-NP +direction I-NP I-NP +of B-PP B-PP +less B-NP B-NP +and I-NP I-NP +less I-NP I-NP +animation I-NP I-NP +, O O +'' O O +said B-VP B-VP +Joseph B-NP B-NP +S. I-NP I-NP +Cicero I-NP I-NP +, O O +vice B-NP B-NP +president I-NP I-NP +of B-PP B-PP +finance B-NP B-NP +and I-NP I-NP +administration I-NP I-NP +for B-PP B-PP +National B-NP B-NP +Broadcasting I-NP I-NP +Co. I-NP I-NP +, O O +a B-NP B-NP +unit I-NP I-NP +of B-PP B-PP +General B-NP B-NP +Electric I-NP I-NP +Co I-NP I-NP +. O O + +Mr. B-NP B-NP +Cicero I-NP I-NP +said B-VP B-VP +that B-SBAR B-SBAR +NBC B-NP B-NP +Entertainment I-NP I-NP +president I-NP I-NP +Brandon I-NP I-NP +Tartikoff I-NP I-NP +, O O +who B-NP B-NP +declined B-VP B-VP +to I-VP I-VP +be I-VP I-VP +interviewed I-VP I-VP +, O O +is B-VP B-VP +`` O O +looking B-VP B-VP +at B-PP B-PP +options B-NP B-NP +now B-ADVP B-ADVP +and O O +may B-VP B-VP +put I-VP I-VP +some B-NP B-NP +things I-NP I-NP +into B-PP B-PP +the B-NP B-NP +schedule I-NP I-NP +by B-PP B-PP +mid-season B-NP B-NP +. O O +'' O O + +He B-NP B-NP +declined B-VP B-VP +to I-VP I-VP +elaborate I-VP I-VP +. O O + +NBC B-NP B-NP +'s B-NP B-NP +options I-NP I-NP +could B-VP B-VP +range I-VP I-VP +from B-PP B-PP +news-oriented B-NP B-NP +programming I-NP I-NP +to B-PP B-PP +sports B-NP B-NP +shows I-NP I-NP +, O O +although B-SBAR B-SBAR +the B-NP B-NP +network I-NP I-NP +declined B-VP B-VP +to I-VP I-VP +comment I-VP I-VP +. O O + +One B-NP B-NP +major I-NP I-NP +NBC I-NP I-NP +affiliate I-NP I-NP +, O O +KCRA B-NP B-NP +in B-PP B-PP +Sacramento B-NP B-NP +, O O +plans B-VP B-VP +to I-VP I-VP +cancel I-VP I-VP +the B-NP B-NP +NBC I-NP I-NP +Saturday I-NP I-NP +morning I-NP I-NP +line-up I-NP I-NP +as B-PP B-PP +of I-PP B-PP +January B-NP B-NP +and O O +replace B-VP B-VP +it B-NP B-NP +with B-PP B-PP +a B-NP B-NP +local I-NP I-NP +newscast I-NP I-NP +. O O + +The B-NP B-NP +one-hour I-NP I-NP +program I-NP I-NP +will B-VP B-VP +be I-VP I-VP +repeated I-VP I-VP +with B-PP B-PP +updates B-NP B-NP +throughout B-PP B-PP +Saturday B-NP B-NP +mornings I-NP I-NP +. O O + +`` O O +We B-NP B-NP +feel B-VP B-VP +there B-NP B-NP +is B-VP B-VP +an B-NP B-NP +opportunity I-NP I-NP +for B-PP B-PP +an B-NP B-NP +audience I-NP I-NP +that B-NP B-NP +is B-VP B-VP +not I-VP I-VP +being I-VP I-VP +served I-VP I-VP +by B-PP B-PP +any B-NP B-NP +network I-NP I-NP +, O O +so O O +we B-NP B-NP +want B-VP B-VP +to I-VP I-VP +take I-VP I-VP +the B-NP B-NP +lead I-NP I-NP +, O O +'' O O +says B-VP B-VP +KCRA B-NP B-NP +'s B-NP B-NP +general I-NP I-NP +manager I-NP I-NP +, O O +John B-NP B-NP +Kueneke I-NP I-NP +. O O + +`` O O +We B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +need I-VP I-VP +cartoons B-NP B-NP +anymore B-ADVP B-ADVP +. O O + +They B-NP B-NP +only B-ADVP B-ADVP +accounted B-VP B-VP +for B-PP B-PP +5 B-NP B-NP +% I-NP I-NP +, O O +at B-ADVP B-ADVP +best I-ADVP I-ADVP +, O O +of B-PP B-PP +the B-NP B-NP +station I-NP I-NP +'s B-NP B-NP +total I-NP I-NP +revenues I-NP I-NP +. O O +'' O O + +An B-NP B-NP +NBC I-NP I-NP +spokesman I-NP I-NP +says B-VP B-VP +the B-NP B-NP +network I-NP I-NP +will B-VP B-VP +`` I-VP I-VP +closely I-VP I-VP +monitor I-VP I-VP +'' O O +the B-NP B-NP +Sacramento I-NP I-NP +situation I-NP I-NP +, O O +and O O +says B-VP B-VP +it B-NP B-NP +is B-VP B-VP +the B-NP B-NP +only I-NP I-NP +station I-NP I-NP +to B-VP B-VP +defect I-VP I-VP +. O O + +Spokesmen B-NP B-NP +for B-PP B-PP +the B-NP B-NP +television I-NP I-NP +networks I-NP I-NP +of B-PP B-PP +CBS B-NP B-NP +Inc. I-NP I-NP +and O O +Capital B-NP B-NP +Cities\/ABC I-NP I-NP +Inc. I-NP I-NP +, O O +say B-VP B-VP +there B-NP B-NP +are B-VP B-VP +no B-NP B-NP +plans I-NP I-NP +to B-VP B-VP +alter I-VP I-VP +the B-NP B-NP +children I-NP I-NP +'s B-NP B-NP +line-up I-NP I-NP +on B-PP B-PP +Saturday B-NP B-NP +mornings I-NP I-NP +. O O + +The B-NP B-NP +youthful I-NP I-NP +audience I-NP I-NP +for B-PP B-PP +Saturday B-NP B-NP +programming I-NP I-NP +is B-VP B-VP +no B-ADVP B-ADVP +longer I-ADVP I-ADVP +dependent B-ADJP B-ADJP +on B-PP B-PP +the B-NP B-NP +networks I-NP I-NP +. O O + +There B-NP B-NP +has B-VP B-VP +been I-VP I-VP +a B-NP B-NP +surge I-NP I-NP +in B-PP B-PP +syndicated O B-NP +children B-NP I-NP +'s B-NP B-NP +shows I-NP I-NP +to B-PP B-PP +independent B-NP B-NP +stations I-NP I-NP +, O O +as B-CONJP B-CONJP +well I-CONJP I-CONJP +as I-CONJP I-CONJP +competition B-NP B-NP +from B-PP B-PP +videocassettes B-NP B-NP +for B-PP B-PP +kids B-NP B-NP +and B-PP B-PP +from B-PP B-PP +cable B-NP B-NP +outlets I-NP I-NP +such B-PP B-PP +as I-PP I-PP +Nickelodeon B-NP B-NP +and O O +the B-NP B-NP +Disney I-NP I-NP +Channel I-NP I-NP +. O O + +At B-PP B-PP +the B-NP B-NP +same I-NP I-NP +time I-NP I-NP +, O O +there B-NP B-NP +appears B-VP B-VP +to I-VP I-VP +be I-VP I-VP +a B-NP B-NP +market I-NP I-NP +for B-PP B-PP +news-oriented B-NP B-NP +programming I-NP I-NP +; O O +Turner B-NP B-NP +Broadcasting I-NP I-NP +System I-NP I-NP +Inc. I-NP I-NP +'s B-NP B-NP +Cable I-NP I-NP +News I-NP I-NP +Network I-NP I-NP +has B-VP B-VP +its B-NP B-NP +highest I-NP I-NP +ratings I-NP I-NP +, O O +outside B-ADVP B-ADVP +of B-PP B-PP +prime B-NP B-NP +time I-NP I-NP +, O O +on B-PP B-PP +Saturday B-NP B-NP +mornings I-NP I-NP +. O O + +NBC B-NP B-NP +has B-VP B-VP +on B-PP B-PP +previous B-NP B-NP +occasions I-NP I-NP +considered B-VP B-VP +replacing I-VP I-VP +cartoons B-NP B-NP +with B-PP B-PP +a B-NP B-NP +Saturday I-NP I-NP +version I-NP I-NP +of B-PP B-PP +`` O O +Today B-NP B-NP +, O O +'' O O +which B-NP B-NP +is B-VP B-VP +produced I-VP I-VP +by B-PP B-PP +NBC B-NP B-NP +News I-NP I-NP +. O O + +The B-NP B-NP +network I-NP I-NP +'s B-NP B-NP +own I-NP I-NP +production I-NP I-NP +company I-NP I-NP +, O O +NBC B-NP B-NP +Productions I-NP I-NP +, O O +supplies B-VP B-VP +a B-NP B-NP +half-hour I-NP I-NP +family-oriented I-NP I-NP +show I-NP I-NP +titled B-VP B-VP +`` O O +Saved B-VP B-VP +By O B-PP +The B-NP B-NP +Bell I-NP I-NP +. O O +'' O O + +NBC B-NP B-NP +Productions I-NP I-NP +or O O +NBC B-NP B-NP +News I-NP I-NP +could B-VP B-VP +supply I-VP I-VP +the B-NP B-NP +network I-NP I-NP +with B-PP B-PP +other B-NP B-NP +Saturday I-NP I-NP +morning I-NP I-NP +shows I-NP I-NP +, O O +a B-NP B-NP +move I-NP I-NP +that B-NP B-NP +would B-VP B-VP +control I-VP I-VP +costs B-NP B-NP +. O O + +Animated B-NP B-NP +shows I-NP I-NP +, O O +which B-NP B-NP +are B-VP B-VP +made I-VP I-VP +by B-PP B-PP +outside B-NP B-NP +production I-NP I-NP +companies I-NP I-NP +, O O +cost B-VP B-VP +the B-NP B-NP +network I-NP I-NP +about B-NP B-NP +$ I-NP I-NP +300,000 I-NP I-NP +per B-PP B-PP +episode B-NP B-NP +. O O + +Rohm B-NP B-NP +& I-NP I-NP +Haas I-NP I-NP +Co. I-NP I-NP +said B-VP B-VP +third-quarter B-NP B-NP +net I-NP I-NP +income I-NP I-NP +skidded B-VP B-VP +35 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +32.6 I-NP I-NP +million I-NP I-NP +, O O +or O O +49 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +In B-PP B-PP +the B-NP B-NP +year-earlier I-NP I-NP +quarter I-NP I-NP +, O O +the B-NP B-NP +chemicals I-NP I-NP +company I-NP I-NP +had B-VP B-VP +net B-NP B-NP +of B-PP B-PP +$ B-NP B-NP +49.8 I-NP I-NP +million I-NP I-NP +, O O +or O O +75 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +Sales B-NP B-NP +were B-VP B-VP +$ B-NP B-NP +623 I-NP I-NP +million I-NP I-NP +, O O +up B-ADVP B-ADVP +0.5 B-NP B-NP +% I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +619.8 I-NP I-NP +million I-NP I-NP +a B-NP B-NP +year I-NP I-NP +ago B-ADVP B-ADVP +. O O + +Rohm B-NP B-NP +& I-NP I-NP +Haas I-NP I-NP +, O O +which B-NP B-NP +plans B-VP B-VP +to I-VP I-VP +start I-VP I-VP +operating I-VP I-VP +seven B-NP B-NP +new I-NP I-NP +production I-NP I-NP +units I-NP I-NP +this B-NP B-NP +year I-NP I-NP +, O O +attributed B-VP B-VP +the B-NP B-NP +profit I-NP I-NP +slide I-NP I-NP +partly B-ADVP B-ADVP +to B-PP B-PP +higher B-NP B-NP +start-up I-NP I-NP +expense I-NP I-NP +. O O + +The B-NP B-NP +company I-NP I-NP +also B-ADVP B-ADVP +cited B-VP B-VP +the B-NP B-NP +stronger I-NP I-NP +dollar I-NP I-NP +, O O +which B-NP B-NP +cuts B-VP B-VP +the B-NP B-NP +value I-NP I-NP +of B-PP B-PP +overseas B-NP B-NP +profit I-NP I-NP +when B-ADVP B-ADVP +it B-NP B-NP +is B-VP B-VP +translated I-VP I-VP +into B-PP B-PP +dollars B-NP B-NP +. O O + +In B-PP B-PP +addition B-NP B-NP +, O O +the B-NP B-NP +company I-NP I-NP +said B-VP B-VP +, O O +it B-NP B-NP +was B-VP B-VP +hurt I-VP I-VP +by B-PP B-PP +higher O B-ADJP +than B-PP B-PP +previous-year B-ADJP B-NP +costs B-NP I-NP +for B-PP B-PP +raw B-NP B-NP +materials I-NP I-NP +, O O +though B-SBAR B-SBAR +those B-NP B-NP +costs I-NP I-NP +have B-VP B-VP +declined I-VP I-VP +since B-PP B-PP +the B-NP B-NP +second I-NP I-NP +quarter I-NP I-NP +. O O + +Incrementally B-NP B-ADVP +higher I-NP B-NP +production I-NP I-NP +of B-PP B-PP +those B-NP B-NP +chemicals I-NP I-NP +which B-NP B-NP +remain B-VP B-VP +in B-PP B-PP +heavy B-NP B-NP +demand I-NP I-NP +also B-ADVP B-ADVP +has B-VP B-VP +forced I-VP I-VP +up B-ADJP B-PRT +costs B-NP B-NP +, O O +such B-ADVP B-PP +as B-PP I-PP +overtime B-NP B-NP +pay I-NP I-NP +. O O + +For B-PP B-PP +the B-NP B-NP +nine I-NP I-NP +months I-NP I-NP +, O O +Rohm B-NP B-NP +& I-NP I-NP +Haas I-NP I-NP +net I-NP I-NP +totaled B-VP B-VP +$ B-NP B-NP +155 I-NP I-NP +million I-NP I-NP +, O O +or O O +$ B-NP B-NP +2.33 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +down B-ADVP B-ADVP +17 B-NP B-NP +% I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +187.8 I-NP I-NP +million I-NP I-NP +, O O +or O O +$ B-NP B-NP +2.82 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +a B-NP B-NP +year I-NP I-NP +ago B-ADVP B-ADVP +. O O + +Sales B-NP B-NP +rose B-VP B-VP +5.2 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +2.04 I-NP I-NP +billion I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +1.94 I-NP I-NP +billion I-NP I-NP +the B-NP B-NP +previous I-NP I-NP +year I-NP I-NP +. O O + +In B-PP B-PP +New B-NP B-NP +York I-NP I-NP +Stock I-NP I-NP +Exchange I-NP I-NP +composite I-NP I-NP +trading I-NP I-NP +, O O +Rohm B-NP B-NP +& I-NP I-NP +Haas I-NP I-NP +closed B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +33 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +down B-ADVP B-ADVP +$ B-NP B-NP +1.75 I-NP I-NP +. O O + +Michael B-NP B-NP +A. I-NP I-NP +Gaskin I-NP I-NP +, O O +55 B-NP B-NP +years I-NP I-NP +old B-ADJP B-ADJP +, O O +was B-VP B-VP +named I-VP I-VP +president B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +officer I-NP I-NP +of B-PP B-PP +this B-NP B-NP +manufacturer I-NP I-NP +of B-PP B-PP +industrial B-NP B-NP +robots I-NP I-NP +, O O +succeeding B-VP B-VP +Walter B-NP B-NP +K. I-NP I-NP +Weisel I-NP I-NP +. O O + +Mr. B-NP B-NP +Weisel I-NP I-NP +, O O +49 B-NP B-NP +, O O +resigned B-VP B-VP +as B-PP B-PP +president B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +and O O +will B-VP B-VP +work I-VP I-VP +on B-PP B-PP +special B-NP B-NP +projects I-NP I-NP +, O O +said B-VP B-VP +John B-NP B-NP +J. I-NP I-NP +Wallace I-NP I-NP +, O O +chairman B-NP B-NP +. O O + +Mr. B-NP B-NP +Gaskin I-NP I-NP +formerly B-VP B-ADVP +was I-VP B-VP +president B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +of B-PP B-PP +Taylor B-NP B-NP +& I-NP I-NP +Gaskin I-NP I-NP +Inc. I-NP I-NP +and O O +was B-VP B-VP +a B-NP B-NP +director I-NP I-NP +of B-PP B-PP +Prab B-NP B-NP +Robots I-NP I-NP +since B-PP B-PP +1985 B-NP B-NP +. O O + +Stephen B-NP B-NP +N. I-NP I-NP +Wertheimer I-NP I-NP +was B-VP B-VP +named I-VP I-VP +managing B-NP B-NP +director I-NP I-NP +and O I-NP +group B-NP I-NP +head I-NP I-NP +of B-PP B-PP +investment B-NP B-NP +banking I-NP I-NP +in B-PP B-PP +Asia B-NP B-NP +, O O +based B-VP B-VP +in B-PP B-PP +Tokyo B-NP B-NP +. O O + +Mr. B-NP B-NP +Wertheimer I-NP I-NP +, O O +38 B-NP B-NP +years I-NP I-NP +old B-ADJP B-ADJP +, O O +had B-VP B-VP +been I-VP I-VP +a B-NP B-NP +first I-NP I-NP +vice I-NP I-NP +president I-NP I-NP +in B-PP B-PP +the B-NP B-NP +industrial I-NP I-NP +group I-NP I-NP +in B-PP B-PP +investment B-NP B-NP +banking I-NP I-NP +. O O + +He B-NP B-NP +succeeds B-VP B-VP +Everett B-NP B-NP +Meyers I-NP I-NP +, O O +who B-NP B-NP +resigned B-VP B-VP +in B-PP B-PP +May B-NP B-NP +. O O + +This B-NP B-NP +is B-VP B-VP +written I-VP I-VP +to B-VP B-VP +correct I-VP I-VP +a B-NP B-NP +misquotation I-NP I-NP +in B-PP B-PP +your B-NP B-NP +Oct. I-NP I-NP +3 I-NP I-NP +article I-NP I-NP +`` O O +Deaths B-NP B-NP +From B-PP B-PP +Advanced B-NP B-NP +Colon I-NP I-NP +Cancer I-NP I-NP +Can B-VP B-VP +Be I-VP I-VP +Reduced I-VP I-VP +by B-PP B-PP +Using B-VP B-VP +Two B-NP B-NP +Drugs I-NP I-NP +. O O +'' O O + +In B-PP B-PP +this B-NP B-NP +article I-NP I-NP +, O O +I B-NP B-NP +was B-VP B-VP +alleged I-VP I-VP +to I-VP I-VP +have I-VP I-VP +said I-VP I-VP +, O O +`` O O +Any B-NP B-NP +patient I-NP I-NP +with B-PP B-PP +high-risk B-NP B-NP +colon I-NP I-NP +cancer I-NP I-NP +is B-VP B-VP +really I-VP I-VP +getting I-VP I-VP +short B-NP B-NP +shrift I-NP I-NP +if B-SBAR B-SBAR +he B-NP B-NP +'s B-VP B-VP +not I-VP I-VP +getting I-VP I-VP +this B-NP B-NP +therapy I-NP I-NP +. O O +'' O O + +I B-NP B-NP +did B-VP B-VP +n't I-VP I-VP +say I-VP I-VP +this B-NP B-NP +, O O +and O O +I B-NP B-NP +'m B-VP B-VP +totally I-VP I-VP +opposed I-VP I-VP +to B-PP B-PP +the B-NP B-NP +philosophy I-NP I-NP +expressed B-VP B-VP +by B-PP B-PP +the B-NP B-NP +quote I-NP I-NP +. O O + +I B-NP B-NP +have B-VP B-VP +not I-VP I-VP +offered I-VP I-VP +and O O +will B-VP B-VP +not I-VP I-VP +offer I-VP I-VP +routine B-NP B-NP +therapy I-NP I-NP +with B-PP B-PP +the B-NP B-NP +two I-NP I-NP +drugs I-NP I-NP +, O I-NP +levamisole B-NP I-NP +and I-NP I-NP +5-fluorouracil I-NP I-NP +, O O +to B-PP B-PP +any B-NP B-NP +of B-PP B-PP +my B-NP B-NP +colon-cancer I-NP I-NP +patients I-NP I-NP +. O O + +With B-PP B-PP +this B-NP B-NP +treatment I-NP I-NP +we B-NP B-NP +have B-VP B-VP +reduced I-VP I-VP +deaths B-NP B-NP +in B-PP B-PP +high-risk B-NP B-NP +colon I-NP I-NP +cancer I-NP I-NP +by B-PP B-PP +one-third B-NP B-NP +-- O O +but O O +this B-NP B-NP +leaves B-VP B-VP +the B-NP B-NP +two-thirds I-NP I-NP +who B-NP B-NP +are B-VP B-VP +dying I-VP I-VP +of B-PP B-PP +cancer B-NP B-NP +. O O + +This B-NP B-NP +is B-VP B-VP +not O O +nearly B-ADJP B-ADJP +good I-ADJP I-ADJP +enough I-ADJP I-ADJP +. O O + +I B-NP B-NP +believe B-VP B-VP +any B-NP B-NP +physician I-NP I-NP +who B-NP B-NP +truly B-ADVP B-ADVP +cares B-VP B-VP +about B-PP B-PP +cancer B-NP B-NP +patients I-NP I-NP +, O O +both B-NP B-NP +today I-NP I-NP +and I-NP I-NP +tomorrow I-NP I-NP +, O O +should B-VP B-VP +offer I-VP I-VP +the B-NP B-NP +hope I-NP I-NP +of B-PP B-PP +something B-NP B-NP +better B-ADJP B-ADJP +than B-PP B-PP +that B-NP B-NP +. O O + +My B-NP B-NP +statement I-NP I-NP +, O O +read B-VP B-VP +verbatim B-ADVP B-NP +from B-PP B-PP +a B-NP B-NP +printed I-NP I-NP +text I-NP I-NP +available B-ADJP B-ADJP +to B-PP B-PP +all B-NP B-NP +reporters I-NP I-NP +attending B-VP B-VP +the B-NP B-NP +National I-NP I-NP +Cancer I-NP I-NP +Institute I-NP I-NP +news I-NP I-NP +conference I-NP I-NP +, O O +was B-VP B-VP +the B-NP B-NP +following I-NP I-NP +: O O +`` O O +New B-NP B-NP +clinical I-NP I-NP +trials I-NP I-NP +are B-VP B-VP +already B-ADVP B-ADVP +in B-PP B-PP +operation B-NP B-NP +seeking B-VP B-VP +to I-VP I-VP +improve I-VP I-VP +these B-NP B-NP +results I-NP I-NP +. O O + +These B-NP B-NP +research I-NP I-NP +protocols I-NP I-NP +offer B-VP B-VP +to B-PP B-PP +the B-NP B-NP +patient I-NP I-NP +not O B-CONJP +only O I-CONJP +the B-NP B-NP +very I-NP I-NP +best I-NP I-NP +therapy I-NP I-NP +which B-NP B-NP +we B-NP B-NP +have B-VP B-VP +established I-VP I-VP +today B-NP B-NP +but B-NP B-CONJP +also I-NP I-CONJP +the B-NP B-NP +hope I-NP I-NP +of B-PP B-PP +something B-NP B-NP +still B-ADJP B-ADJP +better I-ADJP I-ADJP +. O O + +I B-NP B-NP +feel B-VP B-VP +any B-NP B-NP +patient I-NP I-NP +with B-PP B-PP +high-risk B-NP B-NP +cancer I-NP I-NP +is B-VP B-VP +getting I-VP I-VP +short B-NP B-NP +shrift I-NP I-NP +if B-SBAR B-SBAR +he B-NP B-NP +is B-VP B-VP +not I-VP I-VP +offered I-VP I-VP +this B-NP B-NP +opportunity I-NP I-NP +. O O +'' O O + +We B-NP B-NP +have B-VP B-VP +very B-NP B-NP +exciting I-NP I-NP +prospects I-NP I-NP +for B-PP B-PP +far B-NP B-NP +more I-NP I-NP +impressive I-NP I-NP +advances I-NP I-NP +in B-PP B-PP +the B-NP B-NP +treatment I-NP I-NP +of B-PP B-PP +colon B-NP B-NP +cancer I-NP I-NP +during B-PP B-PP +the B-NP B-NP +years I-NP I-NP +immediately B-ADJP B-ADVP +ahead I-ADJP I-ADVP +. O O + +This B-NP B-NP +hope I-NP I-NP +, O O +however B-ADVP B-ADVP +, O O +will B-VP B-VP +never I-VP I-VP +be I-VP I-VP +realized I-VP I-VP +if B-SBAR B-SBAR +we B-NP B-NP +use B-VP B-VP +levamisole B-NP B-NP +and I-NP I-NP +5-fluorouracil I-NP I-NP +as B-PP B-PP +a B-NP B-NP +stopping I-NP I-NP +point I-NP I-NP +. O O + +Charles B-NP B-NP +G. I-NP I-NP +Moertel I-NP I-NP +M.D I-NP I-NP +. O I-NP +Mayo B-NP I-NP +Clinic I-NP I-NP +Rochester B-NP I-NP +, O O +Minn B-NP B-NP +. O O + +The B-NP B-NP +oil I-NP I-NP +and I-NP I-NP +auto I-NP I-NP +industries I-NP I-NP +, O O +united B-VP B-VP +in B-PP B-PP +their B-NP B-NP +dislike I-NP I-NP +of B-PP B-PP +President B-NP B-NP +Bush I-NP I-NP +'s B-NP B-NP +proposal I-NP I-NP +for B-PP B-PP +cars B-NP B-NP +that B-NP B-NP +run B-VP B-VP +on B-PP B-PP +alternative B-NP B-NP +fuels I-NP I-NP +, O O +announced B-VP B-VP +a B-NP B-NP +joint I-NP I-NP +research I-NP I-NP +program I-NP I-NP +that B-NP B-NP +could B-VP B-VP +turn I-VP I-VP +up B-PRT B-PRT +a B-NP B-NP +cleaner-burning I-NP I-NP +gasoline I-NP I-NP +. O O + +Officials B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Big I-NP I-NP +Three I-NP I-NP +auto I-NP I-NP +makers I-NP I-NP +and O O +14 B-NP B-NP +petroleum I-NP I-NP +companies I-NP I-NP +said B-VP B-VP +they B-NP B-NP +are B-VP B-VP +setting I-VP I-VP +out B-PRT B-PRT +to B-VP B-VP +find I-VP I-VP +the B-NP B-NP +most I-NP I-NP +cost-effective I-NP I-NP +fuel I-NP I-NP +for B-PP B-PP +reducing B-VP B-VP +cities B-NP B-NP +' B-NP B-NP +air-pollution I-NP I-NP +problems I-NP I-NP +, O O +with B-PP B-PP +no B-NP B-NP +bias I-NP I-NP +toward B-PP B-PP +any B-NP B-NP +fuel I-NP I-NP +in B-PP B-PP +particular B-NP B-NP +. O O + +However B-ADVP B-ADVP +, O O +their B-NP B-NP +search I-NP I-NP +notably B-ADVP B-ADVP +wo B-VP B-VP +n't I-VP I-VP +include I-VP I-VP +natural B-NP B-NP +gas I-NP I-NP +or O O +pure B-NP B-NP +methanol I-NP I-NP +-- O O +the B-NP B-NP +two I-NP I-NP +front-running I-NP I-NP +alternative I-NP I-NP +fuels I-NP I-NP +-- O O +in B-PP B-PP +tests B-NP B-NP +to B-VP B-VP +be I-VP I-VP +completed I-VP I-VP +by B-PP B-PP +next B-NP B-NP +summer I-NP I-NP +. O O + +Instead B-ADVP B-ADVP +, O O +the B-NP B-NP +tests I-NP I-NP +will B-VP B-VP +focus I-VP I-VP +heavily B-ADVP B-ADVP +on B-PP B-PP +new B-NP B-NP +blends I-NP I-NP +of B-PP B-PP +gasoline B-NP B-NP +, O O +which B-NP B-NP +are B-VP B-VP +still B-ADVP B-ADVP +undeveloped B-ADJP B-ADJP +but O O +which B-NP B-NP +the B-NP B-NP +petroleum I-NP I-NP +industry I-NP I-NP +has B-VP B-VP +been I-VP I-VP +touting I-VP I-VP +as B-PP B-PP +a B-NP B-NP +solution I-NP I-NP +for B-PP B-PP +automobile B-NP B-NP +pollution I-NP I-NP +that B-NP B-NP +is B-VP B-VP +choking I-VP I-VP +urban B-NP B-NP +areas I-NP I-NP +. O O + +Environmentalists B-NP B-NP +criticized B-VP B-VP +the B-NP B-NP +program I-NP I-NP +as B-PP B-PP +merely B-NP B-NP +a I-NP I-NP +public-relations I-NP I-NP +attempt I-NP I-NP +to B-VP B-VP +head I-VP I-VP +off B-PRT B-PRT +a B-NP B-NP +White I-NP I-NP +House I-NP I-NP +proposal I-NP I-NP +to B-VP B-VP +require I-VP I-VP +a B-NP B-NP +million I-NP I-NP +cars I-NP I-NP +a B-NP B-NP +year I-NP I-NP +that B-NP B-NP +run B-VP B-VP +on B-PP B-PP +cleaner-burning B-NP B-NP +fuels I-NP I-NP +by B-PP B-PP +1997 B-NP B-NP +. O O + +While B-SBAR B-SBAR +major B-NP B-NP +oil I-NP I-NP +companies I-NP I-NP +have B-VP B-VP +been I-VP I-VP +experimenting I-VP I-VP +with B-PP B-PP +cleaner-burning B-NP B-NP +gasoline I-NP I-NP +blends I-NP I-NP +for B-PP B-PP +years B-NP B-NP +, O O +only B-NP B-NP +Atlantic I-NP I-NP +Richfield I-NP I-NP +Co. I-NP I-NP +is B-VP B-VP +now I-VP I-VP +marketing I-VP I-VP +a B-NP B-NP +lower-emission I-NP I-NP +gasoline I-NP I-NP +for B-PP B-PP +older B-NP B-NP +cars I-NP I-NP +currently B-VP B-VP +running I-VP I-VP +on B-PP B-PP +leaded B-NP B-NP +fuel I-NP I-NP +. O O + +The B-NP B-NP +initial I-NP I-NP +$ I-NP I-NP +11 I-NP I-NP +million I-NP I-NP +research I-NP I-NP +program I-NP I-NP +will B-VP B-VP +conduct I-VP I-VP +the B-NP B-NP +most I-NP I-NP +extensive I-NP I-NP +testing I-NP I-NP +to B-PP B-PP +date B-NP B-NP +of B-PP B-PP +reformulated B-NP B-NP +gasolines I-NP I-NP +, O O +said B-VP B-VP +Joe B-NP B-NP +Colucci I-NP I-NP +, O O +head B-NP B-NP +of B-PP B-PP +fuels B-NP B-NP +and I-NP I-NP +lubricants I-NP I-NP +at B-PP B-PP +General B-NP B-NP +Motors I-NP I-NP +Corp. I-NP I-NP +research I-NP I-NP +laboratories I-NP I-NP +. O O + +It B-NP B-NP +will B-VP B-VP +compare I-VP I-VP +21 B-NP B-NP +different I-NP I-NP +blends I-NP I-NP +of B-PP B-PP +gasolines B-NP B-NP +with B-PP B-PP +three B-NP B-NP +mixtures I-NP I-NP +of B-PP B-PP +up B-NP B-NP +to I-NP I-NP +85 I-NP I-NP +% I-NP I-NP +methanol I-NP I-NP +. O O + +A B-NP B-NP +second I-NP I-NP +phase I-NP I-NP +of B-PP B-PP +research B-NP B-NP +, O O +which B-NP B-NP +is B-VP B-VP +still I-VP I-VP +being I-VP I-VP +planned I-VP I-VP +, O O +will B-VP B-VP +test I-VP I-VP +reformulated B-NP B-NP +gasolines I-NP I-NP +on B-PP B-PP +newer B-NP B-NP +engine I-NP I-NP +technologies I-NP I-NP +now B-ADVP B-VP +being B-VP I-VP +developed I-VP I-VP +for B-PP B-PP +use B-NP B-NP +in B-PP B-PP +1992 B-NP B-NP +or I-NP O +1993 I-NP B-NP +cars I-NP I-NP +. O O + +There B-NP B-NP +was B-VP B-VP +no B-NP B-NP +cost I-NP I-NP +estimate I-NP I-NP +for B-PP B-PP +the B-NP B-NP +second I-NP I-NP +phase I-NP I-NP +. O O + +`` O O +The B-NP B-NP +whole I-NP I-NP +idea I-NP I-NP +here I-NP B-ADVP +is B-VP B-VP +the B-NP B-NP +automobile I-NP I-NP +and I-NP I-NP +oil I-NP I-NP +companies I-NP I-NP +have B-VP B-VP +joint B-NP B-NP +customers I-NP I-NP +, O O +'' O O +said B-VP B-VP +Keith B-NP B-NP +McHenry I-NP I-NP +, O O +a B-NP B-NP +senior I-NP I-NP +vice I-NP I-NP +president I-NP I-NP +of B-PP B-PP +technology B-NP B-NP +at B-PP B-PP +Amoco B-NP B-NP +Corp I-NP I-NP +. O O + +`` O O +And O O +we B-NP B-NP +are B-VP B-VP +looking I-VP I-VP +for B-PP B-PP +the B-NP B-NP +most I-NP I-NP +cost-effective I-NP I-NP +way I-NP I-NP +to B-VP B-VP +clean I-VP I-VP +up B-PRT B-PRT +the B-NP B-NP +air I-NP I-NP +. O O +'' O O + +But O O +David B-NP B-NP +Hawkins I-NP I-NP +, O O +an B-NP B-NP +environmental I-NP I-NP +lawyer I-NP I-NP +with B-PP B-PP +the B-NP B-NP +Natural I-NP I-NP +Resources I-NP I-NP +Defense I-NP I-NP +Council I-NP I-NP +, O O +said B-VP B-VP +the B-NP B-NP +research I-NP I-NP +appears B-VP B-VP +merely I-VP B-ADVP +to I-VP B-VP +be I-VP I-VP +a B-NP B-NP +way I-NP I-NP +to B-VP B-VP +promote I-VP I-VP +reformulated B-NP B-NP +gasoline I-NP I-NP +. O O + +Oil B-NP B-NP +and I-NP I-NP +auto I-NP I-NP +companies I-NP I-NP +supported B-VP B-VP +a B-NP B-NP +move I-NP I-NP +on B-PP B-PP +Capitol B-NP B-NP +Hill I-NP I-NP +last B-NP B-NP +week I-NP I-NP +to B-VP B-VP +gut I-VP I-VP +Mr. B-NP B-NP +Bush I-NP I-NP +'s B-NP B-NP +plans I-NP I-NP +to B-VP B-VP +require I-VP I-VP +auto B-NP B-NP +makers I-NP I-NP +to B-VP B-VP +begin I-VP I-VP +selling I-VP I-VP +alternative-fueled B-NP B-NP +cars I-NP I-NP +by B-PP B-PP +1995 B-NP B-NP +. O O + +Instead B-ADVP B-ADVP +, O O +a B-NP B-NP +House I-NP I-NP +subcommittee I-NP I-NP +adopted B-VP B-VP +a B-NP B-NP +clean-fuels I-NP I-NP +program I-NP I-NP +that B-NP B-NP +specifically B-ADVP B-ADVP +mentions B-VP B-VP +reformulated B-NP B-NP +gasoline I-NP I-NP +as B-PP B-PP +an B-NP B-NP +alternative I-NP I-NP +. O O + +The B-NP B-NP +Bush I-NP I-NP +administration I-NP I-NP +has B-VP B-VP +said I-VP I-VP +it B-NP B-NP +will B-VP B-VP +try I-VP I-VP +to I-VP I-VP +resurrect I-VP I-VP +its B-NP B-NP +plan I-NP I-NP +when B-ADVP B-ADVP +the B-NP B-NP +House I-NP I-NP +Energy I-NP I-NP +and I-NP I-NP +Commerce I-NP I-NP +Committee I-NP I-NP +takes B-VP B-VP +up B-PRT B-PRT +a B-NP B-NP +comprehensive I-NP I-NP +clean-air I-NP I-NP +bill I-NP I-NP +. O O + +William B-NP B-NP +Seidman I-NP I-NP +, O O +chairman B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Federal I-NP I-NP +Deposit I-NP I-NP +Insurance I-NP I-NP +Corp. I-NP I-NP +, O O +said B-VP B-VP +Lincoln B-NP B-NP +Savings I-NP I-NP +& I-NP I-NP +Loan I-NP I-NP +Association I-NP I-NP +should B-VP B-VP +have I-VP I-VP +been I-VP I-VP +seized I-VP I-VP +by B-PP B-PP +the B-NP B-NP +government I-NP I-NP +in B-PP B-PP +1986 B-NP B-NP +to B-VP B-VP +contain I-VP I-VP +losses B-NP B-NP +that B-NP B-NP +he B-NP B-NP +estimated B-VP B-VP +will B-VP B-VP +cost I-VP I-VP +taxpayers B-NP B-NP +as B-NP B-NP +much I-NP I-NP +as I-NP I-NP +$ I-NP I-NP +2 I-NP I-NP +billion I-NP I-NP +. O O + +Mr. B-NP B-NP +Seidman I-NP I-NP +, O O +who B-NP B-NP +has B-VP B-VP +been I-VP I-VP +the B-NP B-NP +nation I-NP I-NP +'s B-NP B-NP +top I-NP I-NP +bank I-NP I-NP +regulator I-NP I-NP +, O O +inherited B-VP B-VP +the B-NP B-NP +problems I-NP I-NP +of B-PP B-PP +Lincoln B-NP B-NP +, O O +based B-VP B-VP +in B-PP B-PP +Irvine B-NP B-NP +, O O +Calif. B-NP B-NP +, O O +after B-SBAR B-SBAR +his B-NP B-NP +regulatory I-NP I-NP +role I-NP I-NP +was B-VP B-VP +expanded I-VP I-VP +by B-PP B-PP +the B-NP B-NP +new I-NP I-NP +savings-and-loan I-NP I-NP +bailout I-NP I-NP +law I-NP I-NP +. O O + +He B-NP B-NP +made B-VP B-VP +his B-NP B-NP +comments I-NP I-NP +before B-PP B-PP +House B-NP B-NP +Banking I-NP I-NP +Committee I-NP I-NP +hearings I-NP I-NP +to B-VP B-VP +investigate I-VP I-VP +what B-NP B-NP +appears B-VP B-VP +to I-VP I-VP +be I-VP I-VP +the B-NP B-NP +biggest I-NP I-NP +thrift I-NP I-NP +disaster I-NP I-NP +in B-PP B-PP +a B-NP B-NP +scandal-ridden I-NP I-NP +industry I-NP I-NP +. O O + +The B-NP B-NP +inquiry I-NP I-NP +also B-ADVP B-ADVP +will B-VP B-VP +cover I-VP I-VP +the B-NP B-NP +actions I-NP I-NP +of B-PP B-PP +Charles B-NP B-NP +Keating I-NP I-NP +Jr. I-NP I-NP +, O O +who B-NP B-NP +is B-VP B-VP +chairman B-NP B-NP +of B-PP B-PP +American B-NP B-NP +Continental I-NP I-NP +Corp. I-NP I-NP +, O O +Lincoln B-NP B-NP +'s B-NP B-NP +parent I-NP I-NP +, O O +and O O +who B-NP B-NP +contributed B-VP B-VP +heavily B-ADVP B-ADVP +to B-PP B-PP +several B-NP B-NP +U.S. I-NP I-NP +senators I-NP I-NP +. O O + +Mr. B-NP B-NP +Seidman I-NP I-NP +told B-VP B-VP +the B-NP B-NP +committee I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +Resolution I-NP I-NP +Trust I-NP I-NP +Corp. I-NP I-NP +, O O +the B-NP B-NP +agency I-NP I-NP +created B-VP B-VP +to B-VP B-VP +sell I-VP I-VP +sick B-NP B-NP +thrifts I-NP I-NP +, O O +has B-VP B-VP +studied I-VP I-VP +Lincoln B-NP B-NP +'s B-NP B-NP +examination I-NP I-NP +reports I-NP I-NP +by B-PP B-PP +former B-NP B-NP +regulators I-NP I-NP +dating B-VP B-VP +back B-ADVP B-ADVP +to B-PP B-PP +1986 B-NP B-NP +. O O + +`` O O +My B-NP B-NP +staff I-NP I-NP +indicated B-VP B-VP +that B-SBAR B-SBAR +had O O +we B-NP B-NP +made B-VP B-VP +such B-NP B-NP +findings I-NP I-NP +in B-PP B-PP +one B-NP B-NP +of B-PP B-PP +our B-NP B-NP +own I-NP I-NP +institutions I-NP I-NP +, O O +we B-NP B-NP +would B-VP B-VP +have I-VP I-VP +sought I-VP I-VP +an B-NP B-NP +immediate I-NP I-NP +cease-and-desist I-NP I-NP +order I-NP I-NP +to B-VP B-VP +stop I-VP I-VP +the B-NP B-NP +hazardous I-NP I-NP +operations I-NP I-NP +, O O +'' O O +Mr. B-NP B-NP +Seidman I-NP I-NP +said B-VP B-VP +. O O + +When B-ADVP B-ADVP +Lincoln B-NP B-NP +was B-VP B-VP +seized I-VP I-VP +by B-PP B-PP +the B-NP B-NP +government I-NP I-NP +, O O +for B-PP B-PP +example B-NP B-NP +, O O +15 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +its B-NP B-NP +loans I-NP I-NP +, O O +or O O +$ B-NP B-NP +250 I-NP I-NP +million I-NP I-NP +, O O +were B-VP B-VP +to B-PP B-PP +borrowers B-NP B-NP +who B-NP B-NP +were B-VP B-VP +buying I-VP I-VP +real B-NP B-NP +estate I-NP I-NP +from B-PP B-PP +one B-NP B-NP +of B-PP B-PP +American B-NP B-NP +Continental I-NP I-NP +'s B-NP B-NP +50 I-NP I-NP +other I-NP I-NP +subsidiaries I-NP I-NP +, O O +according B-PP B-PP +to B-PP B-PP +Mr. B-NP B-NP +Seidman I-NP I-NP +. O O + +But O O +the B-NP B-NP +government I-NP I-NP +did B-VP B-VP +n't I-VP I-VP +step I-VP I-VP +in B-ADVP B-ADVP +until B-PP B-PP +six B-NP B-NP +months I-NP I-NP +ago B-ADVP B-ADVP +, O O +when B-ADVP B-ADVP +thrift B-NP B-NP +officials I-NP I-NP +put B-VP B-VP +Lincoln B-NP B-NP +into B-PP B-PP +conservatorship B-NP B-NP +-- O O +the B-NP B-NP +day I-NP I-NP +after B-SBAR B-SBAR +American B-NP B-NP +Continental I-NP I-NP +filed B-VP B-VP +for B-PP B-PP +Chapter B-NP B-NP +11 I-NP I-NP +bankruptcy I-NP I-NP +protection I-NP I-NP +from B-PP B-PP +creditors B-NP B-NP +. O O + +The B-NP B-NP +bankruptcy I-NP I-NP +filing I-NP I-NP +, O O +the B-NP B-NP +government I-NP I-NP +has B-VP B-VP +charged I-VP I-VP +in B-PP B-PP +a B-NP B-NP +$ I-NP I-NP +1.1 I-NP I-NP +billion I-NP I-NP +civil I-NP I-NP +lawsuit I-NP I-NP +, O O +was B-VP B-VP +part B-NP B-NP +of B-PP B-PP +a B-NP B-NP +pattern I-NP I-NP +to B-VP B-VP +shift I-VP I-VP +insured B-NP B-NP +deposits I-NP I-NP +to B-PP B-PP +the B-NP B-NP +parent I-NP I-NP +company I-NP I-NP +, O O +which B-NP B-NP +used B-VP B-VP +the B-NP B-NP +deposits I-NP I-NP +as B-PP B-PP +a B-NP B-NP +cache I-NP I-NP +for B-PP B-PP +real-estate B-NP B-NP +deals I-NP I-NP +. O O + +The B-NP B-NP +deposits I-NP I-NP +that B-NP B-NP +have B-VP B-VP +been I-VP I-VP +transferred I-VP I-VP +to B-PP B-PP +other B-NP B-NP +subsidiaries I-NP I-NP +are B-VP B-VP +now B-ADVP B-ADVP +under B-PP B-PP +the B-NP B-NP +jurisdiction I-NP I-NP +of B-PP B-PP +the B-NP B-NP +bankruptcy I-NP I-NP +court I-NP I-NP +. O O + +`` O O +I B-NP B-NP +think B-VP B-VP +it B-NP B-NP +'s B-VP B-VP +fairly B-ADJP B-ADJP +clear I-ADJP I-ADJP +-LCB- O O +Mr. B-NP B-NP +Keating I-NP I-NP +-RCB- O O +knew B-VP B-VP +, O O +'' O O +that B-SBAR B-SBAR +regulators B-NP B-NP +were B-VP B-VP +set I-VP I-VP +to I-VP I-VP +seize I-VP I-VP +Lincoln B-NP B-NP +, O O +Mr. B-NP B-NP +Seidman I-NP I-NP +said B-VP B-VP +. O O + +Further B-NP B-NP +investigation I-NP I-NP +, O O +he B-NP B-NP +said B-VP B-VP +, O O +may B-VP B-VP +result I-VP I-VP +in B-PP B-PP +further B-NP B-NP +actions I-NP I-NP +against B-PP B-PP +Lincoln B-NP B-NP +'s B-NP B-NP +executives I-NP I-NP +, O O +said B-VP B-VP +Mr. B-NP B-NP +Seidman I-NP I-NP +, O O +`` O O +including B-PP B-PP +fraud B-NP B-NP +actions I-NP I-NP +. O O +'' O O + +Mr. B-NP B-NP +Keating I-NP I-NP +, O O +for B-PP B-PP +his B-NP B-NP +part I-NP I-NP +, O O +has B-VP B-VP +filed I-VP I-VP +suit B-NP B-NP +alleging B-VP B-VP +that B-SBAR B-SBAR +regulators B-NP B-NP +unlawfully B-VP B-VP +seized I-VP I-VP +the B-NP B-NP +thrift I-NP I-NP +. O O + +Leonard B-NP B-NP +Bickwit I-NP I-NP +, O O +an B-NP B-NP +attorney I-NP I-NP +in B-PP B-PP +Washington B-NP B-NP +for B-PP B-PP +Mr. B-NP B-NP +Keating I-NP I-NP +, O O +declined B-VP B-VP +to I-VP I-VP +comment I-VP I-VP +on B-PP B-PP +the B-NP B-NP +hearings I-NP I-NP +, O O +except B-SBAR O +to B-VP B-VP +say I-VP I-VP +, O O +`` O O +We B-NP B-NP +will B-VP B-VP +be I-VP I-VP +responding I-VP I-VP +comprehensively B-ADVP B-ADVP +in B-PP B-PP +several B-NP B-NP +forums I-NP I-NP +to B-PP B-PP +each B-NP B-NP +of B-PP B-PP +these B-NP B-NP +allegations I-NP I-NP +at B-PP B-PP +the B-NP B-NP +appropriate I-NP I-NP +time I-NP I-NP +. O O +'' O O + +Lincoln B-NP B-NP +'s B-NP B-NP +treatment I-NP I-NP +by B-PP B-PP +former B-NP B-NP +thrift I-NP I-NP +regulators I-NP I-NP +, O O +in B-PP B-PP +an B-NP B-NP +agency I-NP I-NP +disbanded B-VP B-VP +by B-PP B-PP +the B-NP B-NP +new I-NP I-NP +law I-NP I-NP +, O O +has B-VP B-VP +proved I-VP I-VP +embarrassing B-ADJP B-ADJP +for B-PP B-PP +five B-NP B-NP +senators I-NP I-NP +who B-NP B-NP +received B-VP B-VP +thousands B-NP B-NP +of B-PP B-PP +dollars B-NP B-NP +in B-PP B-PP +campaign B-NP B-NP +contributions I-NP I-NP +from B-PP B-PP +Mr. B-NP B-NP +Keating I-NP I-NP +. O O + +Mr. B-NP B-NP +Seidman I-NP I-NP +said B-VP B-VP +yesterday B-NP B-NP +, O O +for B-PP B-PP +example B-NP B-NP +, O O +that B-SBAR B-SBAR +Sen. B-NP B-NP +Dennis I-NP I-NP +DeConcini I-NP I-NP +-LRB- O O +D. B-NP B-NP +, O O +Ariz. B-NP B-NP +-RRB- O O +, O O +who B-NP B-NP +received B-VP B-VP +$ B-NP B-NP +48,100 I-NP I-NP +in B-PP B-PP +contributions B-NP B-NP +from B-PP B-PP +Mr. B-NP B-NP +Keating I-NP I-NP +, O O +phoned B-VP B-VP +Mr. B-NP B-NP +Seidman I-NP I-NP +to B-VP B-VP +request I-VP I-VP +that B-SBAR B-SBAR +he B-NP B-NP +push B-VP B-VP +for B-PP B-PP +a B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +Lincoln B-NP B-NP +before B-SBAR B-SBAR +it B-NP B-NP +would B-VP B-VP +be I-VP I-VP +seized I-VP I-VP +. O O + +After B-SBAR B-SBAR +the B-NP B-NP +government I-NP I-NP +lawsuit I-NP I-NP +was B-VP B-VP +filed I-VP I-VP +against B-PP B-PP +Lincoln B-NP B-NP +, O O +Sen. B-NP B-NP +DeConcini I-NP I-NP +returned B-VP B-VP +the B-NP B-NP +campaign I-NP I-NP +contributions I-NP I-NP +. O O + +The B-NP B-NP +senator I-NP I-NP +'s B-NP B-NP +spokesman I-NP I-NP +said B-VP B-VP +yesterday B-NP B-NP +that B-SBAR B-SBAR +he B-NP B-NP +pushed B-VP B-VP +for B-PP B-PP +the B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +Lincoln B-NP B-NP +because B-SBAR B-SBAR +`` O O +hundreds B-NP B-NP +of B-PP B-PP +Arizona B-NP B-NP +jobs I-NP I-NP +-LCB- O O +at B-PP B-PP +Lincoln B-NP B-NP +-RCB- O O +were B-VP B-VP +on B-PP B-PP +the B-NP B-NP +line I-NP I-NP +. O O +'' O O + +Senate B-NP B-NP +Banking I-NP I-NP +Committee I-NP I-NP +Chairman I-NP I-NP +Donald I-NP I-NP +Riegle I-NP I-NP +-LRB- O O +D. B-NP B-NP +, O O +Mich B-NP B-NP +. O O +-RRB- O O +has B-VP B-VP +also I-VP I-VP +returned I-VP I-VP +contributions B-NP B-NP +he B-NP B-NP +received B-VP B-VP +from B-PP B-PP +Mr. B-NP B-NP +Keating I-NP I-NP +a B-NP B-NP +year I-NP I-NP +ago B-ADVP B-ADVP +. O O + +Sens. O B-NP +John O I-NP +Glenn O I-NP +-LRB- O O +D. B-NP B-NP +, O O +Ohio B-NP B-NP +-RRB- O O +, O O +John O B-NP +McCain O I-NP +, O O +-LRB- O O +R. B-NP B-NP +, O O +Ariz. B-NP B-NP +-RRB- O O +and B-NP O +Alan I-NP B-NP +Cranston I-NP I-NP +-LRB- O O +D. B-NP B-NP +, O O +Calif. B-NP B-NP +-RRB- O O +also B-ADVP B-ADVP +received B-VP B-VP +substantial B-NP B-NP +contributions I-NP I-NP +from B-PP B-PP +Mr. B-NP B-NP +Keating I-NP I-NP +and O O +sought B-VP B-VP +to I-VP I-VP +intervene I-VP I-VP +on B-PP B-PP +behalf B-NP B-NP +of B-PP B-PP +Lincoln B-NP B-NP +. O O + +House B-NP B-NP +Banking I-NP I-NP +Committee I-NP I-NP +Chairman I-NP I-NP +Henry I-NP I-NP +Gonzalez I-NP I-NP +-LRB- O O +D. B-NP B-NP +, O O +Texas B-NP B-NP +-RRB- O O +said B-VP B-VP +Sen. B-NP B-NP +Cranston I-NP I-NP +volunteered B-VP B-VP +to I-VP I-VP +appear I-VP I-VP +before B-PP B-PP +the B-NP B-NP +House I-NP I-NP +committee I-NP I-NP +, O O +if B-SBAR B-SBAR +necessary B-ADJP B-ADJP +. O O + +But O O +a B-NP B-NP +committee I-NP I-NP +staff I-NP I-NP +member I-NP I-NP +said B-VP B-VP +the B-NP B-NP +panel I-NP I-NP +is B-VP B-VP +unlikely B-ADJP B-ADJP +to B-VP B-VP +pursue I-VP I-VP +closely B-ADVP B-ADVP +the B-NP B-NP +role I-NP I-NP +of B-PP B-PP +the B-NP B-NP +senators I-NP I-NP +. O O + +At B-PP B-PP +the B-NP B-NP +hearing I-NP I-NP +, O O +Mr. B-NP B-NP +Seidman I-NP I-NP +said B-VP B-VP +the B-NP B-NP +RTC I-NP I-NP +has B-VP B-VP +already I-VP I-VP +pumped I-VP I-VP +$ B-NP B-NP +729 I-NP I-NP +million I-NP I-NP +into B-PP B-PP +Lincoln B-NP B-NP +for B-PP B-PP +liquidity B-NP B-NP +. O O + +He B-NP B-NP +also B-ADVP B-ADVP +held B-VP B-VP +out B-PRT B-PRT +little B-NP B-NP +hope I-NP I-NP +of B-PP B-PP +restitution B-NP B-NP +for B-PP B-PP +purchasers B-NP B-NP +of B-PP B-PP +$ B-NP B-NP +225 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +American B-NP B-NP +Continental I-NP I-NP +subordinated I-NP I-NP +debt I-NP I-NP +. O O + +Some B-NP B-NP +of B-PP B-PP +those B-NP B-NP +debtholders I-NP I-NP +have B-VP B-VP +filed I-VP I-VP +a B-NP B-NP +suit I-NP I-NP +, O O +saying B-VP B-VP +they B-NP B-NP +believed B-VP B-VP +they B-NP B-NP +were B-VP B-VP +buying I-VP I-VP +government-insured B-NP B-NP +certificates I-NP I-NP +of B-PP B-PP +deposit B-NP B-NP +. O O + +`` O O +We B-NP B-NP +have B-VP B-VP +no B-NP B-NP +plans I-NP I-NP +at B-PP B-PP +this B-NP B-NP +time I-NP I-NP +to B-VP B-VP +pay I-VP I-VP +off B-PRT B-PRT +those B-NP B-NP +notes I-NP I-NP +, O O +'' O O +he B-NP B-NP +said B-VP B-VP +. O O + +Eastern B-NP B-NP +Airlines I-NP I-NP +' B-NP B-NP +creditors I-NP I-NP +committee I-NP I-NP +, O O +unhappy B-ADJP B-ADJP +with B-PP B-PP +the B-NP B-NP +carrier I-NP I-NP +'s B-NP B-NP +plans I-NP I-NP +for B-PP B-PP +emerging B-VP B-VP +from B-PP B-PP +bankruptcy-law B-NP B-NP +proceedings I-NP I-NP +, O O +asked B-VP B-VP +its B-NP B-NP +own I-NP I-NP +experts I-NP I-NP +to B-VP B-VP +devise I-VP I-VP +alternate B-NP B-NP +approaches I-NP I-NP +to B-PP B-PP +a B-NP B-NP +reorganization I-NP I-NP +. O O + +Representatives B-NP B-NP +of B-PP B-PP +the B-NP B-NP +accounting I-NP I-NP +firm I-NP I-NP +of B-PP B-PP +Ernst B-NP B-NP +& I-NP I-NP +Young I-NP I-NP +and O O +the B-NP B-NP +securities I-NP I-NP +firm I-NP I-NP +of B-PP B-PP +Goldman B-NP B-NP +, I-NP I-NP +Sachs I-NP I-NP +& I-NP I-NP +Co. I-NP I-NP +, O O +hired B-VP B-VP +by B-PP B-PP +creditors B-NP B-NP +to B-VP B-VP +consult I-VP I-VP +on B-PP B-PP +Eastern B-NP B-NP +'s B-NP B-NP +financial I-NP I-NP +plans I-NP I-NP +, O O +told B-VP B-VP +the B-NP B-NP +committee I-NP I-NP +in B-PP B-PP +a B-NP B-NP +private I-NP I-NP +meeting I-NP I-NP +yesterday B-NP B-NP +that B-SBAR B-SBAR +Eastern B-NP B-NP +'s B-NP B-NP +latest I-NP I-NP +plan I-NP I-NP +to B-VP B-VP +emerge I-VP I-VP +from B-PP B-PP +bankruptcy-law B-NP B-NP +protection I-NP I-NP +is B-VP B-VP +far B-ADJP B-ADJP +riskier I-ADJP I-ADJP +than B-PP B-PP +an B-NP B-NP +earlier I-NP I-NP +one I-NP I-NP +which B-NP B-NP +won B-VP B-VP +the B-NP B-NP +creditors I-NP I-NP +' B-NP B-NP +approval I-NP I-NP +. O O + +According B-PP B-PP +to B-PP B-PP +one B-NP B-NP +person I-NP I-NP +present B-ADJP B-ADJP +at B-PP B-PP +the B-NP B-NP +meeting I-NP I-NP +, O O +Eastern B-NP B-NP +'s B-NP B-NP +new I-NP I-NP +plan I-NP I-NP +is B-VP B-VP +financially B-ADJP B-ADVP +`` I-ADJP O +overly I-ADJP B-ADJP +optimistic I-ADJP I-ADJP +. O O +'' O O + +Asked B-VP B-VP +about B-PP B-PP +the B-NP B-NP +consultants I-NP I-NP +' B-NP B-NP +reports I-NP I-NP +, O O +an B-NP B-NP +Eastern I-NP I-NP +spokeswoman I-NP I-NP +said B-VP B-VP +`` O O +we B-NP B-NP +totally B-VP B-ADVP +disagree I-VP B-VP +. O O +'' O O + +She B-NP B-NP +said B-VP B-VP +they B-NP B-NP +have B-VP B-VP +`` O O +oversimplified B-VP B-ADJP +and O O +made B-VP B-VP +some B-NP B-NP +erroneous I-NP I-NP +assumptions I-NP I-NP +that B-NP B-NP +make B-VP B-VP +their B-NP B-NP +analysis I-NP I-NP +completely B-ADJP B-ADJP +off-base I-ADJP I-ADJP +. O O +'' O O + +At B-PP B-PP +a B-NP B-NP +later I-NP I-NP +news I-NP I-NP +conference I-NP I-NP +here I-NP B-ADVP +, O O +Frank B-NP B-NP +Lorenzo I-NP I-NP +, O O +chairman B-NP B-NP +of B-PP B-PP +Eastern B-NP B-NP +'s B-NP B-NP +parent I-NP I-NP +Texas I-NP I-NP +Air I-NP I-NP +Corp. I-NP I-NP +, O O +said B-VP B-VP +Eastern B-NP B-NP +was B-VP B-VP +exceeding I-VP I-VP +its B-NP B-NP +goals I-NP I-NP +for B-PP B-PP +getting B-VP B-VP +back B-ADVP B-ADVP +into B-PP B-PP +operation B-NP B-NP +and O O +predicted B-VP B-VP +it B-NP B-NP +would B-VP B-VP +emerge I-VP I-VP +from B-PP B-PP +Chapter B-NP B-NP +11 I-NP I-NP +protection I-NP I-NP +from B-PP B-PP +creditors B-NP B-NP +early B-NP B-NP +next I-NP I-NP +year I-NP I-NP +, O O +operating B-VP B-VP +with B-PP B-PP +more B-NP B-NP +service I-NP I-NP +than B-SBAR B-SBAR +it B-NP B-NP +originally B-ADVP B-ADVP +had B-VP B-VP +scheduled I-VP I-VP +. O O + +He B-NP B-NP +insisted B-VP B-VP +, O O +as B-SBAR B-SBAR +he B-NP B-NP +has B-VP B-VP +before B-ADVP B-ADVP +, O O +that B-SBAR B-SBAR +creditors B-NP B-NP +would B-VP B-VP +be I-VP I-VP +paid I-VP I-VP +in B-PP B-PP +full B-ADJP B-NP +under B-PP B-PP +the B-NP B-NP +plan I-NP I-NP +. O O + +Mr. B-NP B-NP +Lorenzo I-NP I-NP +made B-VP B-VP +no B-NP B-NP +mention I-NP I-NP +of B-PP B-PP +creditors B-NP B-NP +' B-NP B-NP +negative I-NP I-NP +response I-NP I-NP +to B-PP B-PP +his B-NP B-NP +plan I-NP I-NP +. O O + +`` O O +We B-NP B-NP +'re B-VP B-VP +in B-PP B-PP +the B-NP B-NP +process I-NP I-NP +of B-PP B-PP +discussing B-VP B-VP +an B-NP B-NP +amended I-NP I-NP +plan I-NP I-NP +with B-PP B-PP +the B-NP B-NP +creditors I-NP I-NP +and O O +anticipate B-VP B-VP +filing I-VP I-VP +that B-NP B-NP +amended I-NP I-NP +plan I-NP I-NP +shortly B-ADVP B-ADVP +, O O +'' O O +Mr. B-NP B-NP +Lorenzo I-NP I-NP +told B-VP B-VP +reporters B-NP B-NP +. O O + +`` O O +We B-NP B-NP +'re B-VP B-VP +meeting I-VP I-VP +and I-VP I-VP +surpassing I-VP I-VP +our B-NP B-NP +goals I-NP I-NP +, O O +'' O O +he B-NP B-NP +added B-VP B-VP +. O O + +In B-PP B-PP +July B-NP B-NP +, O O +Eastern B-NP B-NP +and O O +its B-NP B-NP +creditors I-NP I-NP +agreed B-VP B-VP +on B-PP B-PP +a B-NP B-NP +reorganization I-NP I-NP +plan I-NP I-NP +that B-NP B-NP +called B-VP B-VP +for B-SBAR B-SBAR +Eastern B-NP B-NP +to B-VP B-VP +sell I-VP I-VP +$ B-NP B-NP +1.8 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +assets B-NP B-NP +and O O +to B-VP B-VP +emerge I-VP I-VP +from B-PP B-PP +bankruptcy-law B-NP B-NP +protection I-NP I-NP +at B-PP B-PP +two-thirds B-NP B-NP +its I-NP I-NP +former I-NP I-NP +size I-NP I-NP +. O O + +But O O +after B-PP B-PP +selling B-VP B-VP +off B-PRT B-PRT +pieces B-NP B-NP +such B-PP B-PP +as I-PP I-PP +its B-NP B-NP +East I-NP I-NP +Coast I-NP I-NP +shuttle I-NP I-NP +, O O +its B-NP B-NP +Philadelphia I-NP I-NP +hub I-NP I-NP +and O O +various B-NP B-NP +planes I-NP I-NP +, O O +Eastern B-NP B-NP +hit B-VP B-VP +a B-NP B-NP +stumbling I-NP I-NP +block I-NP I-NP +. O O + +It B-NP B-NP +could B-VP B-VP +n't I-VP I-VP +sell I-VP I-VP +its B-NP B-NP +South I-NP I-NP +American I-NP I-NP +routes I-NP I-NP +, O O +one B-NP B-NP +of B-PP B-PP +the B-NP B-NP +major I-NP I-NP +assets I-NP I-NP +marked B-VP B-VP +for B-PP B-PP +disposal B-NP B-NP +. O O + +Those B-NP B-NP +routes I-NP I-NP +, O O +valued B-VP B-VP +by B-PP B-PP +the B-NP B-NP +creditors I-NP I-NP +' B-NP B-NP +professionals I-NP I-NP +at B-PP B-PP +about B-NP B-NP +$ I-NP I-NP +400 I-NP I-NP +million I-NP I-NP +, O O +were B-VP B-VP +to I-VP I-VP +be I-VP I-VP +sold I-VP I-VP +to B-PP B-PP +AMR B-NP B-NP +Corp. I-NP I-NP +'s B-NP B-NP +American I-NP I-NP +Airlines I-NP I-NP +. O O + +A B-NP B-NP +last-minute I-NP I-NP +snag I-NP I-NP +in B-PP B-PP +negotiations B-NP B-NP +with B-PP B-PP +AMR B-NP B-NP +, O O +over B-PP B-PP +an B-NP B-NP +unrelated I-NP I-NP +lawsuit I-NP I-NP +between B-PP B-PP +American B-NP B-NP +and O O +another B-NP B-NP +Texas I-NP I-NP +Air I-NP I-NP +unit I-NP I-NP +, O O +caused B-VP B-VP +the B-NP B-NP +deal I-NP I-NP +to B-VP B-VP +collapse I-VP I-VP +. O O + +Eastern B-NP B-NP +ultimately B-ADVP B-ADVP +decided B-VP B-VP +it B-NP B-NP +would B-VP B-VP +have I-VP I-VP +to I-VP I-VP +keep I-VP I-VP +and I-VP I-VP +operate I-VP I-VP +the B-NP B-NP +routes I-NP I-NP +itself B-NP B-NP +, O O +which B-NP B-NP +would B-VP B-VP +leave I-VP I-VP +it B-NP B-NP +with B-PP B-PP +less B-NP B-NP +cash I-NP I-NP +for B-PP B-PP +its B-NP B-NP +reorganization I-NP I-NP +. O O + +It B-NP B-NP +also B-ADVP B-ADVP +would B-VP B-VP +leave I-VP I-VP +Eastern B-NP B-NP +a B-NP I-NP +bigger I-NP I-NP +carrier I-NP I-NP +than B-PP B-PP +the B-NP B-NP +scaled-down I-NP I-NP +one I-NP I-NP +proposed B-VP B-VP +under B-PP B-PP +the B-NP B-NP +initial I-NP I-NP +plan I-NP I-NP +. O O + +Those B-NP B-NP +changes I-NP I-NP +in B-PP B-PP +its B-NP B-NP +condition I-NP I-NP +meant B-VP B-VP +the B-NP B-NP +reorganization I-NP I-NP +plan I-NP I-NP +previously B-VP B-VP +presented I-VP I-VP +to B-PP B-PP +creditors B-NP B-NP +would B-VP B-VP +have I-VP I-VP +to I-VP I-VP +be I-VP I-VP +revamped I-VP I-VP +. O O + +Since B-PP B-PP +then B-NP B-NP +, O O +Eastern B-NP B-NP +has B-VP B-VP +been I-VP I-VP +negotiating I-VP I-VP +with B-PP B-PP +creditors B-NP B-NP +over B-PP B-PP +revisions B-NP B-NP +, O O +but O O +the B-NP B-NP +creditors I-NP I-NP +committee I-NP I-NP +has B-VP B-VP +been I-VP I-VP +having I-VP I-VP +problems B-NP B-NP +with B-PP B-PP +the B-NP B-NP +revisions I-NP I-NP +. O O + +The B-NP B-NP +committee I-NP I-NP +has B-VP B-VP +two B-NP B-NP +groups I-NP I-NP +of B-PP B-PP +experts B-NP B-NP +it B-NP B-NP +calls B-VP B-VP +on B-PP B-PRT +to B-VP B-VP +analyze I-VP I-VP +Eastern B-NP B-NP +'s B-NP B-NP +plans I-NP I-NP +. O O + +Both B-NP B-NP +said B-VP B-VP +the B-NP B-NP +new I-NP I-NP +plan I-NP I-NP +would B-VP B-VP +n't I-VP I-VP +work I-VP I-VP +. O O + +Ernst B-NP B-NP +& I-NP I-NP +Young I-NP I-NP +said B-VP B-VP +Eastern B-NP B-NP +'s B-NP B-NP +plans I-NP I-NP +will B-VP B-VP +miss I-VP I-VP +its B-NP B-NP +projections I-NP I-NP +of B-PP B-PP +earnings B-NP B-NP +before B-PP B-PP +interest B-NP B-NP +, I-NP I-NP +tax I-NP I-NP +and I-NP I-NP +depreciation I-NP I-NP +by B-PP B-PP +$ B-NP B-NP +100 I-NP I-NP +million I-NP I-NP +, O O +and O O +that B-SBAR B-SBAR +Eastern B-NP B-NP +'s B-NP B-NP +plan I-NP I-NP +presented B-VP B-VP +no B-NP B-NP +comfort I-NP I-NP +level I-NP I-NP +, O O +according B-PP B-PP +to B-PP B-PP +a B-NP B-NP +source I-NP I-NP +present B-ADJP B-ADJP +at B-PP B-PP +yesterday B-NP B-NP +'s B-NP B-NP +session I-NP I-NP +. O O + +Experts B-NP B-NP +from B-PP B-PP +Goldman B-NP B-NP +Sachs I-NP I-NP +estimated B-VP B-VP +Eastern B-NP B-NP +would B-VP B-VP +miss I-VP I-VP +the B-NP B-NP +same I-NP I-NP +mark I-NP I-NP +by B-PP B-PP +$ B-NP B-NP +120 I-NP I-NP +million I-NP I-NP +to I-NP I-NP +$ I-NP I-NP +135 I-NP I-NP +million I-NP I-NP +, O O +the B-NP B-NP +source I-NP I-NP +said B-VP B-VP +. O O + +The B-NP B-NP +experts I-NP I-NP +said B-VP B-VP +they B-NP B-NP +expected B-VP B-VP +Eastern B-NP B-NP +would B-VP B-VP +have I-VP I-VP +to I-VP I-VP +issue I-VP I-VP +new B-NP B-NP +debt I-NP I-NP +to B-VP B-VP +cover I-VP I-VP +its B-NP B-NP +costs I-NP I-NP +, O O +and O O +that B-SBAR B-SBAR +it B-NP B-NP +would B-VP B-VP +generate I-VP I-VP +far B-NP B-NP +less I-NP I-NP +cash I-NP I-NP +than B-PP B-SBAR +anticipated B-VP B-VP +. O O + +Other B-NP B-NP +costs I-NP I-NP +also B-ADVP B-ADVP +would B-VP B-VP +increase I-VP I-VP +, O O +including B-PP B-PP +maintenance B-NP B-NP +, O O +because B-SBAR B-SBAR +Eastern B-NP B-NP +has B-VP B-VP +an B-NP B-NP +older I-NP I-NP +fleet I-NP I-NP +. O O + +At B-PP B-PP +the B-NP B-NP +news I-NP I-NP +conference I-NP I-NP +, O O +Mr. B-NP B-NP +Lorenzo I-NP I-NP +and O O +Eastern B-NP B-NP +President I-NP I-NP +Phil I-NP I-NP +Bakes I-NP I-NP +presented B-VP B-VP +a B-NP B-NP +far I-NP I-NP +rosier I-NP I-NP +assessment I-NP I-NP +. O O + +Flanked B-VP B-VP +by B-PP B-PP +flight B-NP B-NP +attendants I-NP I-NP +, O O +pilots B-NP B-NP +and O O +gate B-NP B-NP +agents I-NP I-NP +dressed B-VP B-VP +in B-PP B-PP +spiffy B-NP B-NP +new I-NP I-NP +blue I-NP I-NP +uniforms I-NP I-NP +, O O +they B-NP B-NP +said B-VP B-VP +Eastern B-NP B-NP +has B-VP B-VP +exceeded I-VP I-VP +its B-NP B-NP +operational I-NP I-NP +goals I-NP I-NP +and O O +is B-VP B-VP +filling I-VP I-VP +its B-NP B-NP +seats I-NP I-NP +. O O + +Starting B-VP B-VP +next B-NP B-NP +month I-NP I-NP +, O O +Eastern B-NP B-NP +will B-VP B-VP +begin I-VP I-VP +flying I-VP I-VP +775 B-NP B-NP +flights I-NP I-NP +daily B-ADVP B-ADVP +instead B-PP B-CONJP +of I-PP I-CONJP +the B-NP B-NP +previously I-NP I-NP +announced I-NP I-NP +700 I-NP I-NP +, O O +they B-NP B-NP +said B-VP B-VP +. O O + +Mr. B-NP B-NP +Bakes I-NP I-NP +declined B-VP B-VP +to I-VP I-VP +give I-VP I-VP +out B-ADVP B-PRT +Eastern B-NP B-NP +'s B-NP B-NP +daily I-NP I-NP +losses I-NP I-NP +, O O +but O O +said B-VP B-VP +he B-NP B-NP +did B-VP B-VP +n't I-VP I-VP +expect I-VP I-VP +Eastern B-NP B-NP +would B-VP B-VP +have I-VP I-VP +to I-VP I-VP +dip I-VP I-VP +into B-PP B-PP +the B-NP B-NP +cash I-NP I-NP +from B-PP B-PP +asset B-NP B-NP +sales I-NP I-NP +currently B-VP B-VP +held I-VP I-VP +in B-PP B-PP +escrow B-NP B-NP +. O O + +These B-NP B-NP +accounts I-NP I-NP +hold B-VP B-VP +several B-NP B-NP +hundred I-NP I-NP +million I-NP I-NP +dollars I-NP I-NP +, O O +primarily B-ADVP B-ADVP +from B-PP B-PP +asset B-NP B-NP +sales I-NP I-NP +. O O + +The B-NP B-NP +plan I-NP I-NP +Eastern B-NP B-NP +hopes B-VP B-VP +to I-VP I-VP +pursue I-VP I-VP +, O O +he B-NP B-NP +said B-VP B-VP +, O O +calls B-VP B-VP +for B-SBAR B-SBAR +Eastern B-NP B-NP +to B-VP B-VP +have I-VP I-VP +$ B-NP B-NP +390 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +cash B-NP B-NP +by B-PP B-PP +year B-NP B-NP +'s B-NP B-NP +end I-NP I-NP +. O O + +Both B-NP B-NP +he B-NP B-NP +and O O +Mr. B-NP B-NP +Lorenzo I-NP I-NP +predicted B-VP B-VP +that B-NP B-NP +plan I-NP I-NP +might B-VP B-VP +be I-VP I-VP +confirmed I-VP I-VP +in B-PP B-PP +January B-NP B-NP +. O O + +As B-PP B-PP +to B-PP B-PP +negotiations B-NP B-NP +with B-PP B-PP +creditors B-NP B-NP +, O O +Mr. B-NP B-NP +Lorenzo I-NP I-NP +said B-VP B-VP +in B-PP B-PP +remarks B-NP B-NP +after B-PP B-PP +the B-NP B-NP +conference I-NP I-NP +`` O O +we B-NP B-NP +'ll B-VP B-VP +have I-VP I-VP +to I-VP I-VP +see I-VP I-VP +how B-ADVP B-ADVP +they B-NP B-NP +-LCB- O O +talks B-NP B-NP +-RCB- O O +come B-VP B-VP +along B-PRT B-PRT +. O O +'' O O + +However B-ADVP B-ADVP +, O O +he B-NP B-NP +added B-VP B-VP +, O O +`` O O +it B-NP B-NP +'s B-VP B-VP +not O O +a B-NP B-NP +requirement I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +plan I-NP I-NP +be B-VP B-VP +accepted I-VP I-VP +by B-PP B-PP +creditors B-NP B-NP +. O O + +It B-NP B-NP +must B-VP B-VP +be I-VP I-VP +accepted I-VP I-VP +by B-PP B-PP +the B-NP B-NP +court I-NP I-NP +. O O +'' O O + +Under B-PP B-PP +bankruptcy B-NP B-NP +law I-NP I-NP +, O O +Eastern B-NP B-NP +has B-VP B-VP +exclusive B-NP B-NP +rights I-NP I-NP +for B-PP B-PP +a B-NP B-NP +certain I-NP I-NP +period I-NP I-NP +to B-VP B-VP +develop I-VP I-VP +its B-NP B-NP +own I-NP I-NP +reorganization I-NP I-NP +plan I-NP I-NP +. O O + +That B-NP B-NP +deadline I-NP I-NP +has B-VP B-VP +been I-VP I-VP +extended I-VP I-VP +once B-ADVP B-ADVP +and O O +could B-VP B-VP +be I-VP I-VP +extended I-VP I-VP +again B-ADVP B-ADVP +. O O + +If B-SBAR B-SBAR +Eastern B-NP B-NP +can B-VP B-VP +get I-VP I-VP +creditor B-NP B-NP +support I-NP I-NP +, O O +court B-NP B-NP +confirmation I-NP I-NP +of B-PP B-PP +its B-NP B-NP +plan I-NP I-NP +could B-VP B-VP +be I-VP I-VP +relatively B-ADJP B-ADJP +swift I-ADJP I-ADJP +. O O + +But O O +creditors B-NP B-NP +are B-VP B-VP +free B-ADJP B-ADJP +to B-VP B-VP +press I-VP I-VP +for B-PP B-PP +court B-NP B-NP +approval I-NP I-NP +of B-PP B-PP +their B-NP B-NP +own I-NP I-NP +plan I-NP I-NP +, O O +or O O +the B-NP B-NP +court I-NP I-NP +could B-VP B-VP +ignore I-VP I-VP +both B-NP B-NP +sides I-NP I-NP +and O O +draw B-VP B-VP +its B-NP B-NP +own I-NP I-NP +. O O + +In B-PP B-PP +any B-NP B-NP +event I-NP I-NP +, O O +some B-NP B-NP +people I-NP I-NP +familiar B-ADJP B-ADJP +with B-PP B-PP +the B-NP B-NP +case I-NP I-NP +question B-VP B-VP +whether B-SBAR B-SBAR +the B-NP B-NP +court I-NP I-NP +will B-VP B-VP +act I-VP I-VP +by B-PP B-PP +January B-NP B-NP +as B-SBAR B-PP +forecast B-VP B-NP +by B-PP B-PP +Mr. B-NP B-NP +Lorenzo I-NP I-NP +and O O +Mr. B-NP B-NP +Bakes I-NP I-NP +. O O + +Eastern B-NP B-NP +sought B-VP B-VP +bankruptcy-law B-NP B-NP +protection I-NP I-NP +a B-NP B-NP +few I-NP I-NP +days I-NP I-NP +after B-SBAR B-SBAR +a B-NP B-NP +crippling I-NP I-NP +strike I-NP I-NP +began B-VP B-VP +March B-NP B-NP +4 I-NP I-NP +. O O + +Mr. B-NP B-NP +Lorenzo I-NP I-NP +told B-VP B-VP +reporters B-NP B-NP +the B-NP B-NP +reorganization I-NP I-NP +Eastern B-NP B-NP +is B-VP B-VP +pursuing I-VP I-VP +would B-VP B-VP +create I-VP I-VP +a B-NP B-NP +carrier I-NP I-NP +85 B-NP B-NP +% I-NP I-NP +to I-NP I-NP +90 I-NP I-NP +% I-NP I-NP +of B-PP B-PP +the B-NP B-NP +size I-NP I-NP +of B-PP B-PP +the B-NP B-NP +pre-bankruptcy I-NP I-NP +Eastern I-NP I-NP +. O O + +He B-NP B-NP +projected B-VP B-VP +it B-NP B-NP +would B-VP B-VP +be I-VP I-VP +operating I-VP I-VP +about B-NP B-NP +1,000 I-NP I-NP +flights I-NP I-NP +a B-NP B-NP +day I-NP I-NP +by B-PP B-PP +late B-NP B-NP +spring I-NP I-NP +, O O +only B-ADJP B-ADJP +slightly I-ADJP I-ADJP +fewer I-ADJP I-ADJP +than B-PP B-PP +the B-NP B-NP +carrier I-NP I-NP +'s B-NP B-NP +old I-NP I-NP +volume I-NP I-NP +of B-PP B-PP +1,050 B-NP B-NP +a B-NP B-NP +day I-NP I-NP +. O O + +HOPES B-NP B-NP +OF B-PP B-PP +SIMPLIFYING B-VP B-VP +the B-NP B-NP +corporate I-NP I-NP +minimum I-NP I-NP +tax I-NP I-NP +before B-PP B-PP +1990 B-NP B-NP +are B-VP B-VP +weakening I-VP I-VP +. O O + +The B-NP B-NP +method I-NP I-NP +of B-PP B-PP +calculating B-VP B-VP +the B-NP B-NP +20 I-NP I-NP +% I-NP I-NP +tax I-NP I-NP +, O O +paid B-VP B-VP +if B-SBAR B-SBAR +it B-NP B-NP +exceeds B-VP B-VP +tax B-NP B-NP +figured B-VP B-VP +the B-NP B-NP +regular I-NP I-NP +way I-NP I-NP +, O O +is B-VP B-VP +due B-ADJP B-ADJP +for B-PP B-PP +a B-NP B-NP +change I-NP I-NP +in B-PP B-PP +1990 B-NP B-NP +, O O +thanks B-NP B-ADVP +to B-PP B-PP +1986 B-NP B-NP +'s B-NP B-NP +tax I-NP I-NP +act I-NP I-NP +. O O + +But O O +most B-NP B-NP +experts I-NP I-NP +agree B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +concept I-NP I-NP +that B-NP B-NP +is B-VP B-VP +to I-VP I-VP +be I-VP I-VP +introduced I-VP I-VP +drags B-VP B-VP +in B-ADVP B-PP +great B-NP B-NP +complexity I-NP I-NP +; O O +they B-NP B-NP +have B-VP B-VP +been I-VP I-VP +trying I-VP I-VP +to I-VP I-VP +head I-VP I-VP +it B-NP B-NP +off B-PRT B-PRT +this B-NP B-NP +year I-NP I-NP +. O O + +Ways B-NP B-NP +and I-NP I-NP +Means I-NP I-NP +Chairman I-NP I-NP +Rostenkowski I-NP I-NP +backed B-VP B-VP +a B-NP B-NP +simplification I-NP I-NP +plan I-NP I-NP +in B-PP B-PP +the B-NP B-NP +pending I-NP I-NP +House I-NP I-NP +tax I-NP I-NP +bill I-NP I-NP +, O O +but O O +the B-NP B-NP +plan I-NP I-NP +turns B-VP B-VP +out B-PRT B-PRT +to B-VP B-VP +be I-VP I-VP +a B-NP B-NP +big I-NP I-NP +revenue I-NP I-NP +loser I-NP I-NP +. O O + +Now B-ADVP B-ADVP +the B-NP B-NP +Senate I-NP I-NP +'s B-NP B-NP +stripped-down I-NP I-NP +bill I-NP I-NP +omits B-VP B-VP +any B-NP B-NP +proposal I-NP I-NP +to B-VP B-VP +deal I-VP I-VP +with B-PP B-PP +the B-NP B-NP +corporate I-NP I-NP +tax I-NP I-NP +. O O + +Proponents B-NP B-NP +of B-PP B-PP +simplification B-NP B-NP +fear B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +chances I-NP I-NP +of B-PP B-PP +getting B-VP B-VP +it B-NP B-NP +into B-PP B-PP +the B-NP B-NP +final I-NP I-NP +bill I-NP I-NP +are B-VP B-VP +waning I-VP I-VP +. O O + +`` O O +We B-NP B-NP +hear B-VP B-VP +it B-NP B-NP +has B-VP B-VP +low B-NP B-NP +priority I-NP I-NP +on B-PP B-PP +the B-NP B-NP +House I-NP I-NP +side I-NP I-NP +, O O +'' O O +says B-VP B-VP +Samuel B-NP B-NP +Starr I-NP I-NP +of B-PP B-PP +Coopers B-NP B-NP +& I-NP I-NP +Lybrand I-NP I-NP +, I-NP O +CPAs I-NP B-NP +. O O + +If B-SBAR B-SBAR +the B-NP B-NP +law I-NP I-NP +is B-VP B-VP +n't I-VP I-VP +changed I-VP I-VP +, O O +he B-NP B-NP +says B-VP B-VP +, O O +`` O O +we B-NP B-NP +are B-VP B-VP +left I-VP I-VP +staring I-VP I-VP +at B-PP B-PP +rules B-NP B-NP +that B-NP B-NP +are B-VP B-VP +almost B-ADJP B-ADJP +impossible I-ADJP I-ADJP +to B-VP B-VP +implement I-VP I-VP +, O O +because B-SBAR B-SBAR +there B-NP B-NP +are B-VP B-VP +so B-NP B-NP +many I-NP I-NP +complex I-NP I-NP +depreciation I-NP I-NP +calculations I-NP I-NP +to B-VP B-VP +do I-VP I-VP +. O O +'' O O + +But O O +Congress B-NP B-NP +still B-ADVP B-ADVP +could B-VP B-VP +resolve I-VP I-VP +the B-NP B-NP +issue I-NP I-NP +with B-PP B-PP +other B-NP B-NP +legislation I-NP I-NP +this B-NP B-NP +year I-NP I-NP +or O O +next B-NP B-NP +, O O +Starr B-NP B-NP +adds B-VP B-VP +. O O + +HUGO B-NP B-NP +'S B-NP B-NP +RAVAGES I-NP I-NP +may B-VP B-VP +be I-VP I-VP +offset I-VP I-VP +by B-PP B-PP +immediate B-NP B-NP +claims I-NP I-NP +for B-PP B-PP +tax B-NP B-NP +refunds I-NP I-NP +. O O + +This B-NP B-NP +law I-NP I-NP +aids B-VP B-VP +hurricane-wracked B-NP B-NP +locales I-NP I-NP +named B-VP B-VP +by B-PP B-PP +the B-NP B-NP +president I-NP I-NP +as B-PP B-PP +disaster B-NP B-NP +areas I-NP I-NP +, O O +as B-CONJP B-CONJP +well I-CONJP I-CONJP +as I-CONJP I-CONJP +regions B-NP B-NP +so B-VP B-VP +designated I-VP I-VP +after B-PP B-PP +other B-NP B-NP +1989 I-NP I-NP +disasters I-NP I-NP +. O O + +It B-NP B-NP +lets B-VP B-VP +victims B-NP B-NP +elect B-VP B-VP +to I-VP I-VP +deduct I-VP I-VP +casualty B-NP B-NP +losses I-NP I-NP +on B-PP B-PP +either O B-NP +1989 B-NP I-NP +or O O +amended B-NP B-VP +1988 I-NP B-NP +returns B-NP I-NP +, O O +whichever B-NP B-NP +offers B-VP B-VP +the B-NP B-NP +larger I-NP I-NP +tax I-NP I-NP +benefit I-NP I-NP +; O O +they B-NP B-NP +have B-VP B-VP +until B-PP B-PP +April B-NP B-NP +16 I-NP I-NP +to B-VP B-VP +choose I-VP I-VP +. O O + +Amending B-VP B-VP +a B-NP B-NP +1988 I-NP I-NP +return I-NP I-NP +to B-VP B-VP +claim I-VP I-VP +a B-NP B-NP +refund I-NP I-NP +brings B-VP B-VP +cash B-NP B-NP +faster B-ADVP B-ADVP +; O O +but O O +for B-PP B-PP +personal B-NP B-NP +losses I-NP I-NP +, O O +there B-NP B-NP +are B-VP B-VP +other B-NP B-NP +factors I-NP I-NP +to B-VP B-VP +consider I-VP I-VP +, O O +notes B-VP B-VP +publisher B-NP B-NP +Prentice I-NP I-NP +Hall I-NP I-NP +. O O + +A B-NP B-NP +loss I-NP I-NP +-- O O +after B-PP B-PP +insurance B-NP B-NP +recoveries I-NP I-NP +-- O O +is B-VP B-VP +deductible B-ADJP B-ADJP +only B-ADVP B-ADVP +to B-PP B-PP +the B-NP B-NP +extent I-NP I-NP +that B-SBAR B-SBAR +it B-NP B-NP +exceeds B-VP B-VP +$ B-NP B-NP +100 I-NP I-NP +and O O +that B-SBAR B-SBAR +the B-NP B-NP +year I-NP I-NP +'s B-NP B-NP +total I-NP I-NP +losses I-NP I-NP +exceed B-VP B-VP +10 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +adjusted B-NP B-NP +gross I-NP I-NP +income I-NP I-NP +; O O +victims B-NP B-NP +may B-VP B-VP +pick I-VP I-VP +the B-NP B-NP +year I-NP I-NP +when B-ADVP B-ADVP +income B-NP B-NP +is B-VP B-VP +lower B-ADJP B-ADJP +and O O +deductions B-NP B-NP +higher B-ADJP B-ADJP +. O O + +In B-PP B-PP +filing B-VP B-VP +an O B-NP +original O I-NP +-LRB- O O +not B-ADJP O +amended I-ADJP O +-RRB- O O +return B-NP B-NP +, O O +a B-NP B-NP +couple I-NP I-NP +should B-VP B-VP +consider I-VP I-VP +whether B-SBAR B-SBAR +damaged B-NP B-NP +property I-NP I-NP +is B-VP B-VP +owned I-VP I-VP +jointly B-ADVP B-ADVP +or I-ADVP I-ADVP +separately I-ADVP I-ADVP +and O O +whether B-SBAR B-SBAR +one B-NP B-NP +spouse I-NP I-NP +has B-VP B-VP +larger B-NP B-NP +income I-NP I-NP +; O O +that B-NP B-NP +may B-VP B-VP +determine I-VP I-VP +whether B-SBAR B-SBAR +they B-NP B-NP +should B-VP B-VP +file I-VP I-VP +jointly B-ADVP B-ADVP +or I-ADVP I-ADVP +separately I-ADVP I-ADVP +. O O + +THE B-NP B-NP +IRS I-NP I-NP +DELAYS B-VP B-VP +several B-NP B-NP +deadlines I-NP I-NP +for B-PP B-PP +Hugo B-NP B-NP +'s B-NP B-NP +victims I-NP I-NP +. O O + +Returns B-NP B-NP +for B-PP B-PP +1988 B-NP B-NP +from B-PP B-PP +people B-NP B-NP +with B-PP B-PP +six-month B-NP B-NP +filing I-NP I-NP +extensions I-NP I-NP +were B-VP B-VP +due B-ADJP B-ADJP +Monday B-NP B-NP +, O O +but O O +the B-NP B-NP +IRS I-NP I-NP +says B-VP B-VP +people B-NP B-NP +in B-PP B-PP +the B-NP B-NP +disaster I-NP I-NP +areas I-NP I-NP +wo B-VP B-VP +n't I-VP I-VP +be I-VP I-VP +penalized I-VP I-VP +for B-PP B-PP +late B-NP B-NP +filing I-NP I-NP +if B-SBAR B-SBAR +their B-NP B-NP +returns I-NP I-NP +are B-VP B-VP +marked I-VP I-VP +`` O O +Hugo B-NP B-NP +'' O O +and O O +postmarked B-VP B-VP +by B-PP B-PP +Jan. B-NP B-NP +16 I-NP I-NP +. O O + +Interest B-NP B-NP +will B-VP B-VP +be I-VP I-VP +imposed I-VP I-VP +on B-PP B-PP +unpaid B-NP B-NP +taxes I-NP I-NP +, O O +but O O +late-payment B-NP B-NP +penalties I-NP I-NP +on B-PP B-PP +the B-NP B-NP +returns I-NP I-NP +will B-VP B-VP +be I-VP I-VP +waived I-VP I-VP +if B-SBAR B-SBAR +the B-NP B-NP +balance I-NP I-NP +due B-ADJP B-ADJP +and I-ADJP O +paid I-ADJP B-VP +is B-VP B-VP +10 B-NP B-NP +% I-NP I-NP +or I-NP I-NP +less I-NP I-NP +of B-PP B-PP +the B-NP B-NP +liability I-NP I-NP +. O O + +IRS B-NP B-NP +Notice I-NP I-NP +89-136 I-NP I-NP +describes B-VP B-VP +this B-NP B-NP +and O O +other B-NP B-NP +deadline I-NP I-NP +relief I-NP I-NP +for B-PP B-PP +Hugo B-NP B-NP +'s B-NP B-NP +victims I-NP I-NP +. O O + +Among B-PP B-PP +the B-NP B-NP +provisions I-NP I-NP +: O O +Fiscal-year B-NP B-NP +taxpayers I-NP I-NP +with B-PP B-PP +returns B-NP B-NP +due B-ADJP B-ADJP +last B-NP B-NP +Monday I-NP I-NP +wo B-VP B-VP +n't I-VP I-VP +be I-VP I-VP +penalized I-VP I-VP +if B-SBAR B-SBAR +they B-NP B-NP +file B-VP B-VP +-- O I-VP +or O I-VP +request B-VP I-VP +an B-NP B-NP +extension I-NP I-NP +-- O O +and O O +pay B-VP B-VP +tax B-NP B-NP +due B-ADJP B-ADJP +by B-PP B-PP +Nov. B-NP B-NP +15 I-NP I-NP +. O O + +Excise-tax B-NP B-NP +returns I-NP I-NP +due B-ADJP B-ADJP +by B-PP B-PP +Oct. B-NP B-NP +31 I-NP I-NP +or O O +Nov. B-NP B-NP +30 I-NP I-NP +may B-VP B-VP +be I-VP I-VP +delayed I-VP I-VP +to B-PP B-PP +Jan. B-NP B-NP +16 I-NP I-NP +. O O + +Extensions B-NP B-NP +ca B-VP B-VP +n't I-VP I-VP +be I-VP I-VP +granted I-VP I-VP +for B-PP B-PP +filing B-VP B-VP +employment-tax B-NP B-NP +returns I-NP I-NP +due B-ADJP B-ADJP +Oct. B-NP B-NP +31 I-NP I-NP +or B-PP O +for B-PP B-PP +depositing B-VP B-VP +withheld B-NP B-NP +taxes I-NP I-NP +, O O +but O O +late B-NP B-NP +penalties I-NP I-NP +will B-VP B-VP +be I-VP I-VP +abated I-VP I-VP +for B-PP B-PP +deposits B-NP B-NP +made B-VP B-VP +by B-PP B-PP +Nov. B-NP B-NP +15 I-NP I-NP +. O O + +The B-NP B-NP +notice I-NP I-NP +also B-ADVP B-ADVP +grants B-VP B-VP +relief B-NP B-NP +for B-PP B-PP +certain B-NP B-NP +estate-tax I-NP I-NP +returns I-NP I-NP +. O O + +ONE-DAY B-NP B-NP +JAUNTS I-NP I-NP +in B-PP B-PP +a B-NP B-NP +chartered I-NP I-NP +boat I-NP I-NP +were B-VP B-VP +perks B-NP B-NP +for B-PP B-PP +permanent B-NP B-NP +staffers I-NP I-NP +of B-PP B-PP +American B-NP B-NP +Business I-NP I-NP +Service I-NP I-NP +Corp. I-NP I-NP +, O O +a B-NP B-NP +Costa I-NP I-NP +Mesa I-NP I-NP +, I-NP I-NP +Calif. I-NP I-NP +, I-NP I-NP +supplier I-NP I-NP +of B-PP B-PP +temporary B-NP B-NP +workers I-NP I-NP +. O O + +The B-NP B-NP +IRS I-NP I-NP +denied B-VP B-VP +cost B-NP B-NP +deductions I-NP I-NP +because B-SBAR B-SBAR +few B-NP B-NP +of B-PP B-PP +the B-NP B-NP +temps I-NP I-NP +got B-VP B-VP +to I-VP I-VP +go I-VP I-VP +aboard B-ADVP B-ADVP +. O O + +But O O +the B-NP B-NP +Tax I-NP I-NP +Court I-NP I-NP +said B-VP B-VP +the B-NP B-NP +limitations I-NP I-NP +were B-VP B-VP +reasonable B-ADJP B-ADJP +and I-ADJP I-ADJP +realistic I-ADJP I-ADJP +and O O +allowed B-VP B-VP +the B-NP B-NP +deductions I-NP I-NP +. O O + +USED-CAR B-NP B-NP +BUYERS I-NP I-NP +who B-NP B-NP +try B-VP B-VP +to I-VP I-VP +avoid I-VP I-VP +sales B-NP B-NP +tax I-NP I-NP +by B-PP B-PP +understating B-VP B-VP +prices B-NP B-NP +paid B-VP B-VP +in B-PP B-PP +private B-NP B-NP +deals I-NP I-NP +are B-VP B-VP +the B-NP B-NP +targets I-NP I-NP +of B-PP B-PP +a B-NP B-NP +New I-NP I-NP +York I-NP I-NP +drive I-NP I-NP +. O O + +Estimating B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +state I-NP I-NP +may B-VP B-VP +lose I-VP I-VP +$ B-NP B-NP +15 I-NP I-NP +million I-NP I-NP +a B-NP B-NP +year I-NP I-NP +, O O +officials B-NP B-NP +announced B-VP B-VP +the B-NP B-NP +filing I-NP I-NP +of B-PP B-PP +15 B-NP B-NP +criminal I-NP I-NP +actions I-NP I-NP +and O O +`` O O +hundreds B-NP B-NP +'' O O +of B-PP B-PP +civil B-NP B-NP +penalties I-NP I-NP +. O O + +WHEN B-ADVP B-ADVP +AN B-NP B-NP +IRA I-NP I-NP +OWNER I-NP I-NP +dies B-VP B-VP +, O O +the B-NP B-NP +trustee I-NP I-NP +of B-PP B-PP +the B-NP B-NP +individual I-NP I-NP +retirement I-NP I-NP +account I-NP I-NP +must B-VP B-VP +file I-VP I-VP +forms B-NP B-NP +5498 I-NP B-ADVP +reporting B-VP B-VP +market B-NP B-NP +values I-NP I-NP +relating B-VP B-VP +to B-PP B-PP +the B-NP B-NP +decedent I-NP I-NP +and O O +each B-NP B-NP +beneficiary I-NP I-NP +, O O +with B-PP B-PP +copies B-NP B-NP +to B-PP B-PP +the B-NP B-NP +executor I-NP I-NP +and I-NP I-NP +beneficiaries I-NP I-NP +. O O + +IRS B-NP B-NP +Revenue I-NP I-NP +Procedure I-NP I-NP +89-52 I-NP I-NP +describes B-VP B-VP +the B-NP B-NP +reporting I-NP I-NP +requirements I-NP I-NP +. O O + +BIGGER B-ADJP B-ADJP +THAN B-PP B-PP +A B-NP B-NP +BREADBOX I-NP I-NP +was B-VP B-VP +this B-NP B-NP +cash I-NP I-NP +hoarder I-NP I-NP +'s B-NP B-NP +reputation I-NP I-NP +for B-PP B-PP +honesty B-NP B-NP +. O O + +People B-NP B-NP +often B-ADVP B-ADVP +cite B-VP B-VP +frugality B-NP B-NP +and O I-NP +distrust B-NP I-NP +of B-PP B-PP +banks B-NP B-NP +to B-VP B-VP +justify I-VP I-VP +cash B-NP B-NP +caches I-NP I-NP +to B-PP B-PP +the B-NP B-NP +IRS I-NP I-NP +. O O + +Gregory B-NP B-NP +Damonne I-NP I-NP +Brown I-NP I-NP +of B-PP B-PP +Fremont B-NP B-NP +, O O +Calif. B-NP B-NP +, O O +a B-NP B-NP +hardworking I-NP I-NP +, I-NP I-NP +reclusive I-NP I-NP +young I-NP I-NP +bachelor I-NP I-NP +, O O +told B-VP B-VP +that B-NP B-NP +story I-NP I-NP +to B-PP B-PP +the B-NP B-NP +Tax I-NP I-NP +Court I-NP I-NP +. O O + +But O O +judges B-NP B-NP +usually B-ADVP B-ADVP +find B-VP B-VP +the B-NP B-NP +real I-NP I-NP +aim I-NP I-NP +is B-VP B-VP +to B-VP B-VP +escape I-VP I-VP +tax B-NP B-NP +on B-PP B-PP +hidden B-NP B-NP +income I-NP I-NP +; O O +and O O +the B-NP B-NP +IRS I-NP I-NP +said B-VP B-VP +Brown B-NP B-NP +must B-VP B-VP +have I-VP I-VP +had I-VP I-VP +such B-NP B-NP +income I-NP I-NP +-- O O +although B-SBAR B-SBAR +it B-NP B-NP +uncovered B-VP B-VP +no B-NP B-NP +source I-NP I-NP +-- O O +because B-SBAR B-SBAR +he B-NP B-NP +deposited B-VP B-VP +$ B-NP B-NP +124,732 I-NP I-NP +in B-PP B-PP +a B-NP B-NP +bank I-NP I-NP +account I-NP I-NP +in B-PP B-PP +1982-84 B-NP B-NP +while B-SBAR B-SBAR +reporting B-VP B-VP +income B-NP B-NP +of B-PP B-PP +only B-NP B-NP +$ I-NP I-NP +52,012 I-NP I-NP +. O O + +Brown B-NP B-NP +'s B-NP B-NP +story I-NP I-NP +: O O + +The B-NP B-NP +deposits I-NP I-NP +came B-VP B-VP +from B-PP B-PP +savings B-NP B-NP +kept B-VP B-VP +in B-PP B-PP +a B-NP B-NP +Tupperware I-NP I-NP +breadbox I-NP I-NP +; O O +he B-NP B-NP +saved B-VP B-VP +$ B-NP B-NP +47,000 I-NP I-NP +in B-PP B-PP +1974-81 B-NP B-NP +by B-PP B-PP +living B-VP B-VP +with B-PP B-PP +family B-NP B-NP +members I-NP I-NP +and O O +pinching B-VP B-VP +pennies B-NP B-NP +and O O +$ B-NP B-NP +45,000 I-NP I-NP +of B-PP B-PP +secret B-NP B-NP +gifts I-NP I-NP +from B-PP B-PP +his B-NP B-NP +remorseful I-NP I-NP +father I-NP I-NP +, O O +who B-NP B-NP +had B-VP B-VP +abandoned I-VP I-VP +the B-NP B-NP +family I-NP I-NP +in B-PP B-PP +1955 B-NP B-NP +. O O + +Brown B-NP B-NP +had B-VP B-VP +no B-NP B-NP +proof I-NP I-NP +; O O +but O O +testimony B-NP B-NP +of B-PP B-PP +his B-NP B-NP +mother I-NP I-NP +and I-NP I-NP +stepmother I-NP I-NP +about B-PP B-PP +his B-NP B-NP +father I-NP I-NP +and O B-PP +of B-PP B-PP +an B-NP B-NP +ex-employer I-NP I-NP +about B-PP B-PP +his B-NP B-NP +honesty I-NP I-NP +and I-NP I-NP +habits I-NP I-NP +satisfied B-VP B-VP +a B-NP B-NP +judge I-NP I-NP +that B-SBAR B-SBAR +Brown B-NP B-NP +was B-VP B-VP +truthful B-ADJP B-ADJP +and O O +his B-NP B-NP +tale I-NP I-NP +of B-PP B-PP +gifts B-NP B-NP +was B-VP B-VP +possible B-ADJP B-ADJP +. O O + +The B-NP B-NP +IRS I-NP I-NP +offered B-VP B-VP +no B-NP B-NP +evidence I-NP I-NP +of B-PP B-PP +hidden B-NP B-NP +sources I-NP I-NP +of B-PP B-PP +taxable B-NP B-NP +income I-NP I-NP +, O O +so O O +Judge B-NP B-NP +Shields I-NP I-NP +rejected B-VP B-VP +its B-NP B-NP +claims I-NP I-NP +. O O + +BRIEFS B-NP B-NP +: O O + +Asked B-VP B-VP +how B-ADVP B-ADVP +he B-NP B-NP +made B-VP B-VP +charitable B-NP B-NP +gifts I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +26,350 I-NP I-NP +out B-ADVP B-PP +of B-PP B-PP +reported B-NP B-NP +two-year I-NP I-NP +income I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +46,892 I-NP I-NP +, O O +Thomas B-NP B-NP +H. I-NP I-NP +McFall I-NP I-NP +of B-PP B-PP +Bryan B-NP B-NP +, O O +Texas B-NP B-NP +, O O +told B-VP B-VP +the B-NP B-NP +Tax I-NP I-NP +Court I-NP I-NP +he B-NP B-NP +had B-VP B-VP +understated I-VP I-VP +his B-NP B-NP +income I-NP I-NP +. O O + +The B-NP B-NP +court I-NP I-NP +rejected B-VP B-VP +his B-NP B-NP +incredible I-NP I-NP +claims I-NP I-NP +, O O +denied B-VP B-VP +his B-NP B-NP +deductions I-NP I-NP +, O O +and O O +imposed B-VP B-VP +a B-NP B-NP +negligence I-NP I-NP +penalty I-NP I-NP +... O O +. O O + +Rep. B-NP B-NP +Schaefer I-NP I-NP +-LRB- O O +R. B-NP B-NP +, O O +Colo. B-NP B-NP +-RRB- O O +entered B-VP B-VP +a B-NP B-NP +bill I-NP I-NP +to B-VP B-VP +exempt I-VP I-VP +from B-PP B-PP +tax B-NP B-NP +rewards B-NP I-NP +for B-PP B-PP +tips B-NP B-NP +leading B-VP B-VP +to B-PP B-PP +the B-NP B-NP +arrest I-NP I-NP +of B-PP B-PP +violent B-NP B-NP +criminals I-NP I-NP +. O O + +Kay B-NP B-NP +Peterson I-NP I-NP +mounts B-VP B-VP +her B-NP B-NP +bicycle I-NP I-NP +and O O +grinds B-VP B-VP +up B-PRT B-PRT +yet B-NP B-NP +another I-NP I-NP +steep I-NP I-NP +, I-NP I-NP +rocky I-NP I-NP +path I-NP I-NP +seemingly B-ADJP B-ADJP +suitable I-ADJP I-ADJP +only B-ADVP B-ADVP +for B-PP B-PP +mountain B-NP B-NP +goats I-NP I-NP +. O O + +After B-PP B-PP +a B-NP B-NP +tortuous I-NP I-NP +climb I-NP I-NP +, O O +she B-NP B-NP +is B-VP B-VP +rewarded I-VP I-VP +by B-PP B-PP +a B-NP B-NP +picture-postcard I-NP I-NP +vista I-NP I-NP +: O O +a B-NP B-NP +glade I-NP I-NP +of B-PP B-PP +golden B-NP B-NP +aspens I-NP I-NP +under B-PP B-PP +an B-NP B-NP +azure I-NP I-NP +Indian-summer I-NP I-NP +sky I-NP I-NP +. O O + +This B-NP B-NP +place I-NP I-NP +is B-VP B-VP +12 B-NP B-NP +miles I-NP I-NP +into B-PP B-PP +the B-NP B-NP +back I-NP I-NP +country I-NP I-NP +-- O O +a B-NP B-NP +day-long I-NP I-NP +trudge I-NP I-NP +for B-PP B-PP +a B-NP B-NP +hiker I-NP I-NP +, O O +but O O +reached B-VP B-VP +by B-PP B-PP +Ms. B-NP B-NP +Peterson I-NP I-NP +and O O +six B-NP B-NP +others I-NP I-NP +in B-PP B-PP +a B-NP B-NP +mere I-NP I-NP +two I-NP I-NP +hours I-NP I-NP +of B-PP B-PP +pedaling B-VP B-VP +fat-tired B-NP B-NP +mountain I-NP I-NP +bikes I-NP I-NP +. O O + +`` O O +This B-NP B-NP +, O O +'' O O +says B-VP B-VP +Ms. B-NP B-NP +Peterson I-NP I-NP +, O O +`` O O +is B-VP B-VP +what B-NP B-NP +it B-NP B-NP +'s B-VP B-VP +all O B-ADVP +about B-PP I-ADVP +. O O +'' O O + +Twelve B-NP B-NP +hundred I-NP I-NP +miles I-NP I-NP +away B-ADVP B-ADVP +, O O +rangers B-NP B-NP +at B-PP B-PP +a B-NP B-NP +Napa I-NP I-NP +County I-NP I-NP +, I-NP I-NP +Calif. I-NP I-NP +, I-NP I-NP +state I-NP I-NP +park I-NP I-NP +are B-VP B-VP +among B-PP B-PP +the B-NP B-NP +many I-NP I-NP +who B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +quite I-VP I-VP +share I-VP I-VP +the B-NP B-NP +enthusiasm I-NP I-NP +. O O + +This B-NP B-NP +summer I-NP I-NP +, O O +speeding B-NP B-NP +bikers I-NP I-NP +were B-VP B-VP +blamed I-VP I-VP +for B-PP B-PP +an B-NP B-NP +accident I-NP I-NP +in B-PP B-PP +the B-NP B-NP +Napa I-NP I-NP +County I-NP I-NP +park I-NP I-NP +, O O +in B-PP B-PP +which B-NP B-NP +a B-NP B-NP +horse I-NP I-NP +-- O O +spooked B-VP B-VP +on B-PP B-PP +a B-NP B-NP +trail I-NP I-NP +that B-NP B-NP +was B-VP B-VP +closed I-VP I-VP +to B-PP B-PP +bikers B-NP B-NP +-- O O +broke B-VP B-VP +its B-NP B-NP +leg I-NP I-NP +. O O + +The B-NP B-NP +animal I-NP I-NP +had B-VP B-VP +to I-VP I-VP +be I-VP I-VP +destroyed I-VP I-VP +; O O +the B-NP B-NP +bikers I-NP I-NP +fled B-VP B-VP +and O O +were B-VP B-VP +never I-VP I-VP +found I-VP I-VP +. O O + +In B-PP B-PP +numerous B-NP B-NP +parks I-NP I-NP +near B-PP B-PP +San B-NP B-NP +Francisco I-NP I-NP +, O O +rangers B-NP B-NP +have B-VP B-VP +been I-VP I-VP +forced I-VP I-VP +to I-VP I-VP +close I-VP I-VP +trails B-NP B-NP +, O O +set B-VP B-VP +up B-PRT B-PRT +speed B-NP B-NP +traps I-NP I-NP +and O O +use B-VP B-VP +radar B-NP B-NP +guns I-NP I-NP +to B-VP B-VP +curb I-VP I-VP +fast B-NP B-NP +and I-NP I-NP +reckless I-NP I-NP +riding I-NP I-NP +. O O + +They B-NP B-NP +have B-VP B-VP +even I-VP I-VP +sent I-VP I-VP +helicopters B-NP B-NP +in B-PP B-PP +pursuit B-NP B-NP +of B-PP B-PP +bikers B-NP B-NP +after B-SBAR B-SBAR +hikers B-NP B-NP +and I-NP I-NP +equestrians I-NP I-NP +complained B-VP B-VP +they B-NP B-NP +were B-VP B-VP +being I-VP I-VP +driven I-VP I-VP +from B-PP B-PP +trails B-NP B-NP +. O O + +`` O O +We B-NP B-NP +were B-VP B-VP +being I-VP I-VP +overrun I-VP I-VP +, O O +'' O O +says B-VP B-VP +Steve B-NP B-NP +Fiala I-NP I-NP +, O O +trails B-NP B-NP +coordinator I-NP I-NP +of B-PP B-PP +the B-NP B-NP +East I-NP I-NP +Bay I-NP I-NP +Regional I-NP I-NP +Park I-NP I-NP +District I-NP I-NP +. O O + +Two B-NP B-NP +years I-NP I-NP +ago B-ADVP B-ADVP +, O O +the B-NP B-NP +district I-NP I-NP +decided B-VP B-VP +to I-VP I-VP +limit I-VP I-VP +the B-NP B-NP +bikes I-NP I-NP +to B-PP B-PP +fire B-NP B-NP +roads I-NP I-NP +in B-PP B-PP +its B-NP B-NP +65,000 I-NP I-NP +hilly I-NP I-NP +acres I-NP I-NP +. O O + +From B-PP B-PP +about B-NP B-NP +200,000 I-NP I-NP +six B-NP B-NP +years I-NP I-NP +ago B-ADVP B-ADVP +, O O +the B-NP B-NP +number I-NP I-NP +of B-PP B-PP +mountain B-NP B-NP +bikes I-NP I-NP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +is B-VP B-VP +expected I-VP I-VP +to I-VP I-VP +grow I-VP I-VP +to B-PP B-PP +10 B-NP B-NP +million I-NP I-NP +in B-PP B-PP +1990 B-NP B-NP +. O O + +At B-NP B-NP +least I-NP I-NP +half I-NP I-NP +that I-NP B-NP +growth I-NP I-NP +will B-VP B-VP +have I-VP I-VP +come I-VP I-VP +in B-PP B-PP +the B-NP B-NP +past I-NP I-NP +three I-NP I-NP +years I-NP I-NP +alone B-ADVP B-ADVP +. O O + +The B-NP B-NP +controversy I-NP I-NP +kicked B-VP B-VP +up B-PRT B-PRT +by B-PP B-PP +the B-NP B-NP +proliferation I-NP I-NP +of B-PP B-PP +these B-NP B-NP +all-terrain I-NP I-NP +bicycles I-NP I-NP +is B-VP B-VP +one B-NP B-NP +of B-PP B-PP +the B-NP B-NP +most I-NP I-NP +divisive I-NP I-NP +storms I-NP I-NP +to B-VP B-VP +blow I-VP I-VP +through B-PP B-PP +the B-NP B-NP +national I-NP I-NP +conservation I-NP I-NP +movement I-NP I-NP +in B-PP B-PP +recent B-NP B-NP +memory I-NP I-NP +. O O + +Bikers B-NP B-NP +-- O O +many B-NP B-NP +of B-PP B-PP +them B-NP B-NP +ardent B-NP B-NP +environmentalists I-NP I-NP +-- O O +proclaim B-VP B-VP +their B-NP B-NP +sport I-NP I-NP +an B-NP B-NP +efficient I-NP I-NP +, I-NP I-NP +safe I-NP I-NP +, I-NP I-NP +fitness-promoting I-NP I-NP +way I-NP I-NP +to B-VP B-VP +get I-VP I-VP +back B-ADVP B-ADVP +to B-PP B-PP +nature B-NP B-NP +, O O +while B-SBAR B-SBAR +asserting B-VP B-VP +a B-NP B-NP +right I-NP I-NP +, O O +as B-PP B-PP +taxpayers B-NP B-NP +, O O +to B-VP B-VP +pedal I-VP I-VP +on B-PP B-PP +public B-NP B-NP +lands I-NP I-NP +. O O + +But O O +the B-NP B-NP +bikes I-NP I-NP +' B-NP B-NP +burgeoning I-NP I-NP +numbers I-NP I-NP +, O O +safety B-NP B-NP +concerns I-NP I-NP +and O O +fear B-NP B-NP +that B-SBAR B-SBAR +they B-NP B-NP +damage B-VP B-VP +fragile B-NP B-NP +landscapes I-NP I-NP +have B-VP B-VP +prompted I-VP I-VP +pleas B-NP B-NP +, O O +from B-PP B-PP +the B-NP B-NP +Sierras I-NP I-NP +to B-PP B-PP +the B-NP B-NP +Eastern I-NP I-NP +Seaboard I-NP I-NP +, O O +to B-VP B-VP +ban I-VP I-VP +them B-NP B-NP +from B-PP B-PP +the B-NP B-NP +back I-NP I-NP +country I-NP I-NP +. O O + +Key B-ADJP B-NP +to B-PP B-PP +the B-NP B-NP +issue I-NP I-NP +is B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +bikes I-NP I-NP +, O O +in B-PP B-PP +skillful B-NP B-NP +hands I-NP I-NP +, O O +can B-VP B-VP +go I-VP I-VP +virtually B-ADVP B-ADVP +anywhere I-ADVP I-ADVP +, O O +and O O +in B-PP B-PP +reckless B-NP B-NP +hands I-NP I-NP +can B-VP B-VP +become I-VP I-VP +vehicles B-NP B-NP +of B-PP B-PP +terror B-NP B-NP +. O O + +An B-NP B-NP +adept I-NP I-NP +bicyclist I-NP I-NP +can B-VP B-VP +leap I-VP I-VP +from B-PP B-PP +a B-NP B-NP +dead I-NP I-NP +stop I-NP I-NP +to B-PP B-PP +the B-NP B-NP +top I-NP I-NP +of B-PP B-PP +a B-NP B-NP +picnic I-NP I-NP +table I-NP I-NP +without B-PP B-PP +losing B-VP B-VP +balance B-NP B-NP +. O O + +Such B-NP B-NP +skills I-NP I-NP +allow B-VP B-VP +riders B-NP B-NP +to B-VP B-VP +fly I-VP I-VP +down B-PP B-PRT +treacherous B-NP B-NP +mountain I-NP I-NP +grades I-NP I-NP +at B-PP B-PP +speeds B-NP B-NP +of B-PP B-PP +up B-NP B-NP +to I-NP I-NP +40 I-NP I-NP +miles I-NP I-NP +an B-NP B-NP +hour I-NP I-NP +-- O O +a B-NP B-NP +thrill I-NP I-NP +for B-PP B-PP +the B-NP B-NP +cyclist I-NP I-NP +but O O +a B-NP B-NP +nightmare I-NP I-NP +for B-PP B-PP +unsuspecting B-NP B-NP +hikers I-NP I-NP +or I-NP O +equestrians I-NP B-NP +. O O + +For B-PP B-PP +harried B-NP B-NP +public-land I-NP I-NP +managers I-NP I-NP +across B-PP B-PP +the B-NP B-NP +nation I-NP I-NP +, O O +the B-NP B-NP +response I-NP I-NP +is B-VP B-VP +increasingly B-ADVP B-ADVP +to B-VP B-VP +shut I-VP I-VP +the B-NP B-NP +gates I-NP I-NP +. O O + +The B-NP B-NP +state I-NP I-NP +of B-PP B-PP +California B-NP B-NP +, O O +following B-VP B-PP +the B-NP B-NP +lead I-NP I-NP +of B-PP B-PP +some B-NP B-NP +regional I-NP I-NP +parks I-NP I-NP +, O O +recently B-ADVP B-ADVP +adopted B-VP B-VP +regulations B-NP B-NP +that B-NP B-NP +closed B-VP B-VP +nearly B-NP B-NP +all I-NP I-NP +hiking I-NP I-NP +paths I-NP I-NP +in B-PP B-PP +state B-NP B-NP +parks I-NP I-NP +to B-PP B-PP +mountain B-NP B-NP +bicycles I-NP I-NP +. O O + +The B-NP B-NP +move I-NP I-NP +largely B-ADVP B-ADVP +consigns B-VP B-VP +them B-NP B-NP +to B-PP B-PP +roads B-NP B-NP +used B-VP B-VP +by B-PP B-PP +motorized B-NP B-NP +vehicles I-NP I-NP +. O O + +Most B-NP B-NP +other I-NP I-NP +states I-NP I-NP +have B-VP B-VP +enacted I-VP I-VP +similar B-NP B-NP +bans I-NP I-NP +. O O + +The B-NP B-NP +bikes I-NP I-NP +are B-VP B-VP +unwelcome B-ADJP B-ADJP +on B-PP B-PP +trails B-NP B-NP +in B-PP B-PP +national B-NP B-NP +parks I-NP I-NP +. O O + +Even B-NP B-NP +the I-NP I-NP +U.S. I-NP I-NP +Forest I-NP I-NP +Service I-NP I-NP +, O O +whose B-NP B-NP +lenient I-NP I-NP +`` I-NP I-NP +multiple-use I-NP I-NP +'' I-NP I-NP +philosophy I-NP I-NP +permits B-VP B-VP +motorized B-NP B-NP +vehicles I-NP I-NP +on B-PP B-PP +thousands B-NP B-NP +of B-PP B-PP +miles B-NP B-NP +of B-PP B-PP +its B-NP B-NP +trails I-NP I-NP +across B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +, O O +has B-VP B-VP +begun I-VP I-VP +to I-VP I-VP +close I-VP I-VP +some B-NP B-NP +lands I-NP I-NP +to B-PP B-PP +the B-NP B-NP +bikes I-NP I-NP +, O O +including B-PP B-PP +major B-NP B-NP +portions I-NP I-NP +of B-PP B-PP +the B-NP B-NP +popular I-NP I-NP +Pacific I-NP I-NP +Crest I-NP I-NP +Trail I-NP I-NP +, O O +which B-NP B-NP +stretches B-VP B-VP +from B-PP B-PP +California B-NP B-NP +to B-PP B-PP +Canada B-NP B-NP +. O O + +Often B-ADVP B-ADVP +these B-NP B-NP +closings I-NP I-NP +come B-VP B-VP +after B-PP B-PP +vigorous B-NP B-NP +anti-bike I-NP I-NP +lobbying I-NP I-NP +by B-PP B-PP +conservation B-NP B-NP +organizations I-NP I-NP +, O O +the B-NP B-NP +politically I-NP I-NP +potent I-NP I-NP +Sierra I-NP I-NP +Club I-NP I-NP +among B-PP B-PP +them B-NP B-NP +. O O + +Sierra B-NP B-NP +has B-VP B-VP +been I-VP I-VP +instrumental B-ADJP B-ADJP +in B-PP B-PP +securing B-VP B-VP +a B-NP B-NP +number I-NP I-NP +of B-PP B-PP +the B-NP B-NP +California I-NP I-NP +bans I-NP I-NP +. O O + +It B-NP B-NP +has B-VP B-VP +been I-VP I-VP +waging I-VP I-VP +an B-NP B-NP +all-out I-NP I-NP +campaign I-NP I-NP +to B-VP B-VP +beat I-VP I-VP +back B-ADVP B-ADVP +a B-NP B-NP +proposal I-NP I-NP +, O O +pushed B-VP B-VP +by B-PP B-PP +Utah B-NP B-NP +bike I-NP I-NP +groups I-NP I-NP +, O O +to B-VP B-VP +allow I-VP I-VP +the B-NP B-NP +cycles I-NP I-NP +in B-PP B-PP +federally B-NP B-NP +designated I-NP I-NP +wilderness I-NP I-NP +areas I-NP I-NP +, O O +where B-ADVP B-ADVP +they B-NP B-NP +are B-VP B-VP +now I-VP I-VP +prohibited I-VP I-VP +. O O + +Yet B-ADVP O +Sierra B-NP B-NP +'s B-NP B-NP +hard-line I-NP I-NP +stance I-NP I-NP +has B-VP B-VP +created I-VP I-VP +something B-NP B-NP +of B-PP B-PP +a B-NP B-NP +rift I-NP I-NP +in B-PP B-PP +the B-NP B-NP +organization I-NP I-NP +, O O +which B-NP B-NP +estimates B-VP B-VP +that B-SBAR B-SBAR +17 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +its B-NP B-NP +500,000 I-NP I-NP +members I-NP I-NP +own B-VP B-VP +mountain B-NP B-NP +bikes I-NP I-NP +. O O + +Pressure B-NP B-NP +from B-PP B-PP +these B-NP B-NP +members I-NP I-NP +prompted B-VP B-VP +the B-NP B-NP +club I-NP I-NP +recently B-ADVP B-ADVP +to B-VP B-VP +soften I-VP I-VP +its B-NP B-NP +anti-bike I-NP I-NP +rhetoric I-NP I-NP +; O O +it B-NP B-NP +no B-ADVP B-ADVP +longer I-ADVP I-ADVP +, O O +for B-PP B-PP +example B-NP B-NP +, O O +lumps B-VP B-VP +the B-NP B-NP +bikes I-NP I-NP +into B-PP B-PP +the B-NP B-NP +same I-NP I-NP +category I-NP I-NP +as B-PP B-PP +motorcycles B-NP B-NP +and O O +other B-NP B-NP +terrain-marring I-NP I-NP +off-road I-NP I-NP +vehicles I-NP I-NP +. O O + +But O O +the B-NP B-NP +club I-NP I-NP +still B-ADVP B-ADVP +insists B-VP B-VP +that B-SBAR B-SBAR +public B-NP B-NP +lands I-NP I-NP +ought B-VP B-VP +to I-VP I-VP +be I-VP I-VP +closed I-VP I-VP +to B-PP B-PP +the B-NP B-NP +bikes I-NP I-NP +unless B-SBAR B-SBAR +studies B-NP B-NP +indicate B-VP B-VP +the B-NP B-NP +bikes I-NP I-NP +wo B-VP B-VP +n't I-VP I-VP +injure I-VP I-VP +the B-NP B-NP +environment I-NP I-NP +or O O +other B-NP B-NP +users I-NP I-NP +. O O + +`` O O +I B-NP B-NP +have B-VP B-VP +a B-NP B-NP +mountain I-NP I-NP +bike I-NP I-NP +, O O +yet B-ADVP O +as B-PP B-PP +a B-NP B-NP +hiker I-NP I-NP +I B-NP B-NP +'ve B-VP B-VP +been I-VP I-VP +run I-VP I-VP +off B-PP B-PP +the B-NP B-NP +road I-NP I-NP +by B-PP B-PP +kids B-NP B-NP +careening B-VP B-VP +down O B-PP +a B-NP B-NP +fire I-NP I-NP +trail I-NP I-NP +on B-PP B-PP +them B-NP B-NP +, O O +'' O O +says B-VP B-VP +Gene B-NP B-NP +Coan I-NP I-NP +, O O +an B-NP B-NP +official I-NP I-NP +at B-PP B-PP +Sierra B-NP B-NP +'s B-NP B-NP +headquarters I-NP I-NP +in B-PP B-PP +San B-NP B-NP +Francisco I-NP I-NP +, O O +echoing B-VP B-VP +the B-NP B-NP +concerns I-NP I-NP +of B-PP B-PP +many B-NP B-NP +members I-NP I-NP +. O O + +`` O O +People B-NP B-NP +who B-NP B-NP +feel B-VP B-VP +that B-SBAR B-SBAR +cyclists B-NP B-NP +should B-VP B-VP +be I-VP I-VP +banned I-VP I-VP +from B-PP B-PP +an B-NP B-NP +area I-NP I-NP +are B-VP B-VP +n't I-VP I-VP +looking I-VP I-VP +at B-PP B-PP +the B-NP B-NP +whole I-NP I-NP +picture I-NP I-NP +, O O +'' O O +complains B-VP B-VP +Mark B-NP B-NP +Langton I-NP I-NP +, O O +associate B-NP B-NP +editor I-NP I-NP +of B-PP B-PP +Mountain B-NP B-NP +and I-NP I-NP +City I-NP I-NP +Biking I-NP I-NP +magazine I-NP I-NP +in B-PP B-PP +Canoga B-NP B-NP +Park I-NP I-NP +, O O +Calif B-NP B-NP +. O O + +Mr. B-NP B-NP +Langton I-NP I-NP +is B-VP B-VP +among B-PP B-PP +the B-NP B-NP +legions I-NP I-NP +of B-PP B-PP +bikers B-NP B-NP +who B-NP B-NP +got B-VP B-VP +their B-NP B-NP +first I-NP I-NP +taste I-NP I-NP +of B-PP B-PP +wilderness B-NP B-NP +as B-PP B-PP +hikers B-NP B-NP +or I-NP I-NP +backpackers I-NP I-NP +. O O + +He B-NP B-NP +says B-VP B-VP +fellow B-NP B-NP +bikers I-NP I-NP +show B-VP B-VP +the B-NP B-NP +same I-NP I-NP +concern I-NP I-NP +for B-PP B-PP +the B-NP B-NP +land I-NP I-NP +that B-NP B-NP +they B-NP B-NP +demonstrated B-VP B-VP +as B-PP B-PP +hikers B-NP B-NP +; O O +many B-NP B-NP +are B-VP B-VP +appalled B-ADJP B-ADJP +that B-SBAR B-SBAR +the B-NP B-NP +conservation I-NP I-NP +community I-NP I-NP +would B-VP B-VP +suddenly I-VP I-VP +consider I-VP I-VP +them B-NP B-NP +the B-NP B-NP +enemy I-NP I-NP +. O O + +To B-VP B-VP +fight I-VP I-VP +back B-PRT B-ADVP +, O O +activists B-NP B-NP +such B-PP B-PP +as I-PP I-PP +Mr. B-NP B-NP +Langton I-NP I-NP +are B-VP B-VP +forming I-VP I-VP +groups B-NP B-NP +to B-VP B-VP +lobby I-VP I-VP +land B-NP B-NP +managers I-NP I-NP +over B-PP B-PP +access B-NP B-NP +issues I-NP I-NP +and O O +undertake B-VP B-VP +education B-NP B-NP +programs I-NP I-NP +to B-VP B-VP +show I-VP I-VP +that B-SBAR B-SBAR +the B-NP B-NP +bikes I-NP I-NP +can B-VP B-VP +responsibly I-VP I-VP +share I-VP I-VP +trails B-NP B-NP +. O O + +Mr. B-NP B-NP +Langton I-NP I-NP +'s B-NP B-NP +group I-NP I-NP +, O O +Concerned B-NP B-NP +Off-Road I-NP I-NP +Bicyclists I-NP I-NP +Association I-NP I-NP +, O O +mounted B-VP B-VP +petition B-NP B-NP +drives I-NP I-NP +to B-VP B-VP +help I-VP I-VP +keep I-VP I-VP +open B-ADJP I-VP +certain B-NP B-NP +Santa I-NP I-NP +Monica I-NP I-NP +Mountain I-NP I-NP +trails I-NP I-NP +designated B-VP B-VP +for B-PP B-PP +closing B-NP B-NP +. O O + +Biking B-NP B-NP +groups I-NP I-NP +in B-PP B-PP +Montana B-NP B-NP +, I-NP I-NP +Idaho I-NP I-NP +, I-NP I-NP +Michigan I-NP I-NP +and I-NP I-NP +Massachusetts I-NP I-NP +have B-VP B-VP +won I-VP I-VP +similar B-NP B-NP +concessions I-NP I-NP +, O O +says B-VP B-VP +Tim B-NP B-NP +Blumenthal I-NP I-NP +, O O +mountain B-NP B-NP +bike I-NP I-NP +editor I-NP I-NP +of B-PP B-PP +Bicycling B-NP B-NP +magazine I-NP I-NP +. O O + +These B-NP B-NP +groups I-NP I-NP +have B-VP B-VP +been I-VP I-VP +trying I-VP I-VP +to I-VP I-VP +improve I-VP I-VP +the B-NP B-NP +mountain I-NP I-NP +biker I-NP I-NP +'s B-NP B-NP +image I-NP I-NP +; O O +in B-PP B-PP +the B-NP B-NP +San I-NP I-NP +Francisco-area I-NP I-NP +park I-NP I-NP +district I-NP I-NP +where B-ADVP B-ADVP +a B-NP B-NP +ranger I-NP I-NP +was B-VP B-VP +clobbered I-VP I-VP +by B-PP B-PP +a B-NP B-NP +cyclist I-NP I-NP +this B-NP B-NP +summer I-NP I-NP +bikers B-NP I-NP +have B-VP B-VP +formed I-VP I-VP +a B-NP B-NP +volunteer I-NP I-NP +patrol I-NP I-NP +to B-VP B-VP +help I-VP I-VP +rangers B-NP B-NP +enforce B-VP B-VP +regulations B-NP B-NP +, O B-PP +and O I-PP +to B-VP B-PP +school I-VP B-NP +riders B-NP I-NP +in B-PP B-PP +proper B-NP B-NP +trail I-NP I-NP +etiquette I-NP I-NP +. O O + +Even B-NP B-NP +staunch I-NP I-NP +anti-bike I-NP I-NP +Sierra I-NP I-NP +members I-NP I-NP +concede B-VP B-VP +that B-SBAR B-SBAR +10 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +all B-NP B-NP +riders I-NP I-NP +cause B-VP B-VP +most B-NP B-NP +of B-PP B-PP +the B-NP B-NP +problems I-NP I-NP +. O O + +While B-SBAR B-SBAR +some B-NP B-NP +are B-VP B-VP +renegade B-NP B-NP +riders I-NP I-NP +who B-NP B-NP +simply B-ADVP B-ADVP +scorn B-VP B-VP +regulations B-NP B-NP +, O O +much B-NP B-NP +bad I-NP I-NP +riding I-NP I-NP +simply B-ADVP B-ADVP +reflects B-VP B-VP +ignorance B-NP B-NP +that B-NP B-NP +can B-VP B-VP +be I-VP I-VP +corrected I-VP I-VP +through B-PP B-PP +`` O O +education B-NP B-NP +and O O +peer B-NP B-NP +pressure I-NP I-NP +, O O +'' O O +says B-VP B-VP +Jim B-NP B-NP +Hasenauer I-NP I-NP +, O O +a B-NP B-NP +director I-NP I-NP +of B-PP B-PP +the B-NP B-NP +International I-NP I-NP +Mountain I-NP I-NP +Biking I-NP I-NP +Association I-NP I-NP +. O O + +`` O O +I B-NP B-NP +think B-VP B-VP +we B-NP B-NP +'re B-VP B-VP +making I-VP I-VP +progress B-NP B-NP +. O O +'' O O + +Few B-NP B-NP +would B-VP B-VP +have I-VP I-VP +foreseen I-VP I-VP +such B-NP B-NP +a I-NP I-NP +furor I-NP I-NP +when B-ADVP B-ADVP +, O O +a B-NP B-NP +decade I-NP I-NP +ago B-ADVP B-ADVP +, O O +some B-NP B-NP +Marin I-NP I-NP +County I-NP I-NP +bicycle I-NP I-NP +enthusiasts I-NP I-NP +created B-VP B-VP +a B-NP B-NP +hybrid I-NP I-NP +bike I-NP I-NP +using B-VP B-VP +fat B-NP B-NP +tires I-NP I-NP +, O O +lightweight B-NP B-NP +metallurgy I-NP I-NP +and O O +multi-gear B-NP B-NP +technology I-NP I-NP +. O O + +They B-NP B-NP +wanted B-VP B-VP +a B-NP B-NP +machine I-NP I-NP +that B-NP B-NP +would B-VP B-VP +allow I-VP I-VP +them B-NP B-NP +to B-VP B-VP +pedal I-VP I-VP +into B-PP B-PP +rugged B-NP B-NP +terrain I-NP I-NP +then B-ADJP B-ADVP +inaccessible I-ADJP B-ADJP +to B-PP B-PP +cycles B-NP B-NP +. O O + +They B-NP B-NP +got B-VP B-VP +a B-NP B-NP +machine I-NP I-NP +more B-ADJP B-ADJP +responsive I-ADJP I-ADJP +, O O +more B-ADJP B-ADJP +stable I-ADJP I-ADJP +and O O +in B-PP B-PP +many B-NP B-NP +ways I-NP I-NP +easier B-ADJP B-ADJP +to B-VP B-VP +ride I-VP I-VP +than B-PP B-PP +the B-NP B-NP +thin-tired I-NP I-NP +racing I-NP I-NP +bikes I-NP I-NP +that B-NP B-NP +then B-ADVP B-ADVP +were B-VP B-VP +the B-NP B-NP +rage I-NP I-NP +. O O + +When B-ADVP B-ADVP +the B-NP B-NP +bikes I-NP I-NP +first B-ADVP B-ADVP +entered B-VP B-VP +mass B-NP B-NP +production I-NP I-NP +in B-PP B-PP +1981 B-NP B-NP +, O O +they B-NP B-NP +were B-VP B-VP +dismissed I-VP I-VP +as B-PP B-PP +a B-NP B-NP +fad I-NP I-NP +. O O + +Last B-NP B-NP +year I-NP I-NP +, O O +25 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +the B-NP B-NP +10 I-NP I-NP +million I-NP I-NP +bicycles I-NP I-NP +sold B-VP B-VP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +were B-VP B-VP +mountain B-NP B-NP +bikes I-NP I-NP +. O O + +In B-PP B-PP +California B-NP B-NP +, O O +a B-NP B-NP +bellwether I-NP I-NP +market I-NP I-NP +, O O +they B-NP B-NP +accounted B-VP B-VP +for B-PP B-PP +more B-NP B-NP +than I-NP I-NP +80 I-NP I-NP +% I-NP I-NP +of B-PP B-PP +all B-NP B-NP +bike I-NP I-NP +sales I-NP I-NP +. O O + +The B-NP B-NP +majority I-NP I-NP +of B-PP B-PP +the B-NP B-NP +bikes I-NP I-NP +never B-ADVP B-ADVP +even B-ADVP B-ADVP +make B-VP B-VP +it B-NP B-NP +into B-PP B-PP +the B-NP B-NP +high I-NP I-NP +country I-NP I-NP +. O O + +City B-NP B-NP +dwellers I-NP I-NP +love B-VP B-VP +them B-NP B-NP +because B-SBAR B-SBAR +they B-NP B-NP +shift B-VP B-VP +smoothly B-ADVP B-ADVP +in B-PP B-PP +traffic B-NP B-NP +, O O +bounce B-VP B-VP +easily B-ADVP B-ADVP +over B-PP B-PP +curbs B-NP B-NP +and O O +roll B-VP B-VP +through B-PP B-PP +road B-NP B-NP +glass I-NP I-NP +with B-PP B-PP +far B-NP B-NP +fewer I-NP I-NP +flat I-NP I-NP +tires I-NP I-NP +than B-PP B-PP +racing B-NP B-NP +bikes I-NP I-NP +. O O + +Crested B-NP B-NP +Butte I-NP I-NP +, O O +population B-NP B-NP +1,200 I-NP I-NP +, O O +is B-VP B-VP +a B-NP B-NP +bastion I-NP I-NP +of B-PP B-PP +the B-NP B-NP +sport I-NP I-NP +. O O + +By B-PP B-PP +one B-NP B-NP +estimate I-NP I-NP +, O O +everyone B-NP B-NP +here I-NP B-ADVP +under B-PP B-PP +50 B-NP B-NP +owns B-VP B-VP +at B-NP B-NP +least I-NP I-NP +one I-NP I-NP +bike I-NP I-NP +. O O + +The B-NP B-NP +town I-NP I-NP +is B-VP B-VP +home B-NP B-ADJP +to B-PP B-PP +the B-NP B-NP +Mountain I-NP I-NP +Bike I-NP I-NP +Hall I-NP I-NP +of B-PP B-PP +Fame B-NP B-NP +and O O +it B-NP B-NP +hosts B-VP B-VP +the B-NP B-NP +annual I-NP I-NP +Fat I-NP I-NP +Tire I-NP I-NP +Bike I-NP I-NP +Week I-NP I-NP +. O O + +This B-NP B-NP +summer I-NP I-NP +, O O +the B-NP B-NP +jamboree I-NP I-NP +attracted B-VP B-VP +more B-NP B-NP +visitors I-NP I-NP +than B-PP B-PP +the B-NP B-NP +busiest I-NP I-NP +week I-NP I-NP +of B-PP B-PP +the B-NP B-NP +town I-NP I-NP +'s B-NP B-NP +winter I-NP I-NP +ski I-NP I-NP +season I-NP I-NP +. O O + +David B-NP B-NP +Lindsey I-NP I-NP +, O O +chairman B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Fat I-NP I-NP +Tire I-NP I-NP +Bike I-NP I-NP +celebration I-NP I-NP +, O O +muses B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +bike I-NP I-NP +'s B-NP B-NP +popularity I-NP I-NP +may B-VP B-VP +be I-VP I-VP +a B-NP B-NP +combination I-NP I-NP +of B-PP B-PP +technology B-NP B-NP +and I-NP I-NP +nostalgia I-NP I-NP +. O O + +`` O O +The B-NP B-NP +mountain I-NP I-NP +bike I-NP I-NP +feels B-VP B-VP +as B-ADJP B-ADJP +comfortable I-ADJP I-ADJP +as B-PP B-PP +the B-NP B-NP +` I-NP I-NP +paperboy I-NP I-NP +' I-NP I-NP +bike I-NP I-NP +you B-NP B-NP +had B-VP B-VP +as B-PP B-PP +a B-NP B-NP +kid I-NP I-NP +, O O +but O O +it B-NP B-NP +can B-VP B-VP +do I-VP I-VP +so B-NP B-NP +much I-NP I-NP +more I-NP I-NP +, O O +'' O O +he B-NP B-NP +says B-VP B-VP +. O O + +The B-NP B-NP +following I-NP I-NP +issues I-NP I-NP +were B-VP B-VP +recently I-VP I-VP +filed I-VP I-VP +with B-PP B-PP +the B-NP B-NP +Securities I-NP I-NP +and I-NP I-NP +Exchange I-NP I-NP +Commission I-NP I-NP +: O O + +Canada B-NP B-NP +'s B-NP B-NP +Province I-NP I-NP +of B-PP B-PP +Nova B-NP B-NP +Scotia I-NP I-NP +, O O +shelf B-NP B-NP +offering I-NP I-NP +of B-PP B-PP +up B-NP B-NP +to I-NP I-NP +$ I-NP I-NP +550 I-NP I-NP +million I-NP I-NP +of B-PP B-PP +debentures B-NP B-NP +. O O + +Golar B-NP B-NP +Gas I-NP I-NP +Holding I-NP I-NP +Co. I-NP I-NP +, O O +a B-NP B-NP +subsidiary I-NP I-NP +of B-PP B-PP +Gotaas-Larsen B-NP B-NP +Shipping I-NP I-NP +Corp. I-NP I-NP +, O O +offering B-NP B-NP +of B-PP B-PP +$ B-NP B-NP +280 I-NP I-NP +million I-NP I-NP +first I-NP I-NP +preferred I-NP I-NP +ship I-NP I-NP +mortgage I-NP I-NP +notes I-NP I-NP +, O O +via B-PP B-PP +Merrill B-NP B-NP +Lynch I-NP I-NP +Capital I-NP I-NP +Markets I-NP I-NP +. O O + +H.F. B-NP B-NP +Ahmanson I-NP I-NP +& I-NP I-NP +Co. I-NP I-NP +, O O +offering B-NP B-NP +of B-PP B-PP +four B-NP B-NP +million I-NP I-NP +shares I-NP I-NP +of B-PP B-PP +noncumulative B-NP B-NP +convertible I-NP I-NP +preferred I-NP I-NP +stock I-NP I-NP +, O O +Series B-NP B-NP +B. I-NP I-NP +, O O +via B-PP B-PP +Goldman B-NP B-NP +, I-NP I-NP +Sachs I-NP I-NP +& I-NP I-NP +Co I-NP I-NP +, O O +First B-NP B-NP +Boston I-NP I-NP +Corp. I-NP I-NP +, O O +and O O +Merrill B-NP B-NP +Lynch I-NP I-NP +. O O + +Shared B-NP B-NP +Technologies I-NP I-NP +Inc. I-NP I-NP +, O O +offering B-NP B-NP +of B-PP B-PP +2.5 B-NP B-NP +million I-NP I-NP +common I-NP I-NP +shares I-NP I-NP +, O O +via B-PP B-PP +Smetek B-NP B-NP +, I-NP O +Van I-NP B-NP +Horn I-NP I-NP +& I-NP I-NP +Cormack I-NP I-NP +Inc. I-NP I-NP +and O O +Oakes B-NP B-NP +, I-NP I-NP +Fitzwilliams I-NP I-NP +& I-NP I-NP +Co I-NP I-NP +. O O + +Stock-market B-NP B-NP +tremors I-NP I-NP +again B-ADVP B-ADVP +shook B-VP B-VP +bond B-NP B-NP +prices I-NP I-NP +, O O +while B-SBAR B-SBAR +the B-NP B-NP +dollar I-NP I-NP +turned B-VP B-VP +in B-PRT B-PRT +a B-NP B-NP +mixed I-NP I-NP +performance I-NP I-NP +. O O + +Early B-NP B-NP +yesterday I-NP I-NP +, O O +investors B-NP B-NP +scrambled B-VP B-VP +to I-VP I-VP +buy I-VP I-VP +Treasury B-NP B-NP +bonds I-NP I-NP +for B-PP B-PP +safety B-NP B-NP +as B-SBAR B-SBAR +stock B-NP B-NP +prices I-NP I-NP +plummeted B-VP B-VP +and O O +fears B-NP B-NP +mounted B-VP B-VP +of B-PP B-PP +a B-NP B-NP +replay I-NP I-NP +of B-PP B-PP +Friday B-NP B-NP +. O O + +But O O +stocks B-NP B-NP +later B-ADVP B-ADVP +recovered B-VP B-VP +, O O +erasing B-VP B-VP +most B-NP B-NP +of B-PP B-PP +their B-NP B-NP +early I-NP I-NP +declines I-NP I-NP +. O O + +That B-NP B-NP +cut B-VP B-VP +short B-ADJP B-ADVP +the B-NP B-NP +rally I-NP I-NP +in B-PP B-PP +Treasury B-NP B-NP +bonds I-NP I-NP +and O O +depressed B-VP B-VP +prices B-NP B-NP +moderately B-ADVP B-ADVP +below B-PP B-PP +late B-NP B-NP +Monday I-NP I-NP +'s B-NP B-NP +levels I-NP I-NP +. O O + +The B-NP B-NP +Dow I-NP I-NP +Jones I-NP I-NP +Industrial I-NP I-NP +Average I-NP I-NP +, O O +down B-ADVP B-ADVP +more B-NP B-NP +than I-NP I-NP +60.25 I-NP I-NP +points I-NP I-NP +early B-ADVP B-ADVP +in B-PP B-PP +the B-NP B-NP +day I-NP I-NP +, O O +finished B-VP B-VP +18.65 B-NP B-NP +points I-NP I-NP +lower B-ADVP B-ADVP +at B-PP B-PP +2638.73 B-NP B-NP +. O O + +Long-term B-NP B-NP +Treasury I-NP I-NP +issues I-NP I-NP +declined B-VP B-VP +about B-NP B-NP +half I-NP I-NP +a I-NP I-NP +point I-NP I-NP +, O O +or O O +$ B-NP B-NP +5 I-NP I-NP +for B-PP B-PP +each B-NP B-NP +$ I-NP I-NP +1,000 I-NP I-NP +face I-NP I-NP +amount I-NP I-NP +. O O + +`` O O +The B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +clearly B-ADVP B-ADVP +is B-VP B-VP +leading I-VP I-VP +the B-NP B-NP +bond I-NP I-NP +markets I-NP I-NP +, O O +'' O O +said B-VP B-VP +Jack B-NP B-NP +Conlon I-NP I-NP +, O O +an B-NP B-NP +executive I-NP I-NP +vice I-NP I-NP +president I-NP I-NP +at B-PP B-PP +Nikko B-NP B-NP +Securities I-NP I-NP +. O O + +`` O O +People B-NP B-NP +are B-VP B-VP +breathing I-VP I-VP +a B-NP B-NP +major I-NP I-NP +sigh I-NP I-NP +of B-PP B-PP +relief B-NP B-NP +that B-SBAR B-SBAR +the B-NP B-NP +world I-NP I-NP +did B-VP B-VP +n't I-VP I-VP +end I-VP I-VP +Monday B-NP B-NP +morning I-NP I-NP +'' O O +or O O +yesterday B-NP B-NP +. O O + +Gold B-NP B-NP +, O O +a B-NP B-NP +closely I-NP I-NP +watched I-NP I-NP +barometer I-NP I-NP +of B-PP B-PP +investor B-NP B-NP +anxiety I-NP I-NP +, O O +was B-VP B-VP +little B-ADJP I-VP +changed I-ADJP I-VP +. O O + +The B-NP B-NP +dollar I-NP I-NP +initially B-ADVP B-ADVP +fell B-VP B-VP +against B-PP B-PP +other B-NP B-NP +major I-NP I-NP +currencies I-NP I-NP +on B-PP B-PP +news B-NP B-NP +that B-SBAR B-SBAR +the B-NP B-NP +U.S. I-NP I-NP +trade I-NP I-NP +deficit I-NP I-NP +surged B-VP B-VP +in B-PP B-PP +August B-NP B-NP +to B-PP B-PP +$ B-NP B-NP +10.77 I-NP I-NP +billion I-NP I-NP +. O O + +But O O +the B-NP B-NP +dollar I-NP I-NP +later B-ADVP B-ADVP +rebounded B-VP B-VP +, O O +finishing B-VP B-VP +slightly B-ADJP B-ADJP +higher I-ADJP I-ADJP +against B-PP B-PP +the B-NP B-NP +yen I-NP I-NP +although B-ADJP B-SBAR +slightly B-ADJP B-ADVP +lower I-ADJP I-ADVP +against B-PP B-PP +the B-NP B-NP +mark I-NP I-NP +. O O + +Federal B-NP B-NP +Reserve I-NP I-NP +officials I-NP I-NP +sent B-VP B-VP +another B-NP B-NP +signal I-NP I-NP +of B-PP B-PP +their B-NP B-NP +determination I-NP I-NP +to B-VP B-VP +shore I-VP I-VP +up B-PRT B-PRT +investor B-NP B-NP +confidence I-NP I-NP +. O O + +In B-PP B-PP +an B-NP B-NP +apparent I-NP I-NP +attempt I-NP I-NP +to B-VP B-VP +keep I-VP I-VP +a B-NP B-NP +lid I-NP I-NP +on B-PP B-PP +short-term B-NP B-NP +interest I-NP I-NP +rates I-NP I-NP +, O O +the B-NP B-NP +Fed I-NP I-NP +once B-ADVP B-ADVP +again I-ADVP B-ADVP +pumped B-VP B-VP +money B-NP B-NP +into B-PP B-PP +the B-NP B-NP +banking I-NP I-NP +system I-NP I-NP +. O O + +But O O +the B-NP B-NP +Fed I-NP I-NP +move I-NP I-NP +was B-VP B-VP +a B-NP B-NP +small I-NP I-NP +gesture I-NP I-NP +, O O +traders B-NP B-NP +said B-VP B-VP +. O O + +Fed B-NP B-NP +officials I-NP I-NP +appear B-VP B-VP +reluctant B-ADJP B-ADJP +to B-VP B-VP +ease I-VP I-VP +their B-NP B-NP +credit I-NP I-NP +grip I-NP I-NP +any B-ADVP B-ADVP +further I-ADVP I-ADVP +because B-SBAR B-SBAR +a B-NP B-NP +bold I-NP I-NP +move I-NP I-NP +does B-VP B-VP +n't I-VP I-VP +appear I-VP I-VP +necessary B-ADJP B-ADJP +, O O +several B-NP B-NP +investment I-NP I-NP +managers I-NP I-NP +said B-VP B-VP +. O O + +The B-NP B-NP +Fed I-NP I-NP +has B-VP B-VP +allowed I-VP I-VP +a B-NP B-NP +key I-NP I-NP +short-term I-NP I-NP +interest I-NP I-NP +rate I-NP I-NP +to B-VP B-VP +decline I-VP I-VP +about B-NP B-NP +one-quarter I-NP I-NP +percentage I-NP I-NP +point I-NP I-NP +. O O + +The B-NP B-NP +federal I-NP I-NP +funds I-NP I-NP +rate I-NP I-NP +on B-PP B-PP +overnight B-NP B-NP +loans I-NP I-NP +between B-PP B-PP +banks B-NP B-NP +has B-VP B-VP +been I-VP I-VP +hovering I-VP I-VP +around B-PP B-NP +8 B-NP I-NP +3\/4 I-NP I-NP +% I-NP I-NP +, O O +down B-ADVP B-ADVP +from B-PP B-PP +9 B-NP B-NP +% I-NP I-NP +previously B-ADVP B-ADVP +. O O + +Although B-SBAR B-SBAR +stocks B-NP B-NP +have B-VP B-VP +led I-VP I-VP +bonds B-NP B-NP +this B-NP B-NP +week I-NP I-NP +, O O +some B-NP B-NP +traders I-NP I-NP +predict B-VP B-VP +that B-NP O +relationship I-NP B-NP +will B-VP B-VP +reverse I-VP I-VP +during B-PP B-PP +the B-NP B-NP +next I-NP I-NP +few I-NP I-NP +weeks I-NP I-NP +. O O + +Nikko B-NP B-NP +'s B-NP B-NP +Mr. I-NP I-NP +Conlon I-NP I-NP +fears B-VP B-VP +a B-NP B-NP +huge I-NP I-NP +wave I-NP I-NP +of B-PP B-PP +Treasury B-NP B-NP +borrowing I-NP I-NP +early B-NP B-NP +next I-NP I-NP +month I-NP I-NP +will B-VP B-VP +drive I-VP I-VP +down B-ADVP B-ADVP +Treasury B-NP B-NP +bond I-NP I-NP +prices I-NP I-NP +. O O + +That B-NP B-NP +, O O +coupled B-VP B-PP +with B-PP B-PP +poor B-NP B-NP +third-quarter I-NP I-NP +corporate-earnings I-NP I-NP +comparisons I-NP I-NP +, O O +`` O O +will B-VP B-VP +make I-VP I-VP +trouble B-NP B-NP +for B-PP B-PP +the B-NP B-NP +equity I-NP I-NP +market I-NP I-NP +for B-PP B-PP +the B-NP B-NP +next I-NP I-NP +two I-NP I-NP +to I-NP I-NP +three I-NP I-NP +months I-NP I-NP +, O O +'' O O +he B-NP B-NP +says B-VP B-VP +. O O + +But O O +several B-NP B-NP +other I-NP I-NP +traders I-NP I-NP +contend B-VP B-VP +investors B-NP B-NP +have B-VP B-VP +overreacted I-VP I-VP +to B-PP B-PP +junk-bond B-NP B-NP +jitters I-NP I-NP +, O O +and O O +that B-SBAR B-SBAR +stock B-NP B-NP +prices I-NP I-NP +will B-VP B-VP +continue I-VP I-VP +to I-VP I-VP +recover I-VP I-VP +. O O + +`` O O +They B-NP B-NP +shot B-VP B-VP +the B-NP B-NP +whole I-NP I-NP +orchestra I-NP I-NP +just B-ADVP B-ADVP +because B-SBAR B-SBAR +the B-NP B-NP +piano I-NP I-NP +player I-NP I-NP +hit B-VP B-VP +a B-NP B-NP +bad I-NP I-NP +note I-NP I-NP +, O O +'' O O +said B-VP B-VP +Laszlo B-NP B-NP +Birinyi I-NP I-NP +, O O +president B-NP B-NP +of B-PP B-PP +Birinyi B-NP B-NP +Associates I-NP I-NP +Inc. I-NP I-NP +, O O +referring B-VP B-VP +to B-PP B-PP +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +'s B-NP B-NP +plunge I-NP I-NP +Friday B-NP B-NP +on B-PP B-PP +news B-NP B-NP +of B-PP B-PP +trouble B-NP B-NP +in B-PP B-PP +financing B-VP B-VP +the B-NP B-NP +UAL I-NP I-NP +Corp I-NP I-NP +. I-NP I-NP +buy-out I-NP I-NP +. O O + +In B-PP B-PP +major B-NP B-NP +market I-NP I-NP +activity I-NP I-NP +: O O +Treasury B-NP B-NP +bond I-NP I-NP +prices I-NP I-NP +fell B-VP B-VP +. O O + +The B-NP B-NP +yield I-NP I-NP +on B-PP B-PP +30-year B-NP B-NP +Treasury I-NP I-NP +bonds I-NP I-NP +climbed B-VP B-VP +back B-ADVP B-ADVP +above B-PP B-PP +8 B-NP B-NP +% I-NP I-NP +, O O +ending B-VP B-VP +the B-NP B-NP +day I-NP I-NP +at B-PP B-PP +8.03 B-NP B-NP +% I-NP I-NP +. O O + +The B-NP B-NP +dollar I-NP I-NP +was B-VP B-VP +mixed B-ADJP B-ADJP +. O O + +Late B-NP B-NP +yesterday I-NP I-NP +in B-PP B-PP +New B-NP B-NP +York I-NP I-NP +, O O +the B-NP B-NP +dollar I-NP I-NP +rose B-VP B-VP +to B-PP B-PP +142.75 B-NP B-NP +yen I-NP I-NP +from B-PP B-PP +141.80 B-NP B-NP +yen I-NP I-NP +Monday B-NP B-NP +, O O +but O O +fell B-VP B-VP +to B-PP B-PP +1.8667 B-NP B-NP +marks I-NP I-NP +from B-PP B-PP +1.8685 B-NP B-NP +marks I-NP I-NP +. O O + +The B-NP B-NP +Consumer I-NP I-NP +News I-NP I-NP +and I-NP I-NP +Business I-NP I-NP +Channel I-NP I-NP +cable I-NP I-NP +network I-NP I-NP +and O O +U.S. B-NP B-NP +News I-NP I-NP +& I-NP I-NP +World I-NP I-NP +Report I-NP I-NP +have B-VP B-VP +formed I-VP I-VP +a B-NP B-NP +joint I-NP I-NP +venture I-NP I-NP +to B-VP B-VP +produce I-VP I-VP +cable B-NP B-NP +program I-NP I-NP +versions I-NP I-NP +of B-PP B-PP +special B-NP B-NP +issues I-NP I-NP +of B-PP B-PP +the B-NP B-NP +magazine I-NP I-NP +. O O + +The B-NP B-NP +programs I-NP I-NP +will B-VP B-VP +run I-VP I-VP +on B-PP B-PP +the B-NP B-NP +cable I-NP I-NP +network I-NP I-NP +the B-NP B-NP +Sunday I-NP I-NP +evening I-NP I-NP +immediately B-ADVP B-ADVP +prior B-PP B-ADVP +to B-PP B-PP +the B-NP B-NP +release I-NP I-NP +of B-PP B-PP +the B-NP B-NP +special I-NP I-NP +issue I-NP I-NP +of B-PP B-PP +U.S. B-NP B-NP +News I-NP I-NP +& I-NP I-NP +World I-NP I-NP +Report I-NP I-NP +. O O + +CNBC B-NP B-NP +is B-VP B-VP +a B-NP B-NP +joint I-NP I-NP +venture I-NP I-NP +of B-PP B-PP +the B-NP B-NP +National I-NP I-NP +Broadcasting I-NP I-NP +Co. I-NP I-NP +, O O +a B-NP B-NP +unit I-NP I-NP +of B-PP B-PP +General B-NP B-NP +Electric I-NP I-NP +Co. I-NP I-NP +, O O +and O O +Cablevision B-NP B-NP +System I-NP I-NP +Corp I-NP I-NP +. O O + +Advertisers B-NP B-NP +will B-VP B-VP +be I-VP I-VP +offered I-VP I-VP +an B-NP B-NP +advertising I-NP I-NP +package I-NP I-NP +, O O +which B-NP B-NP +for B-PP B-PP +a B-NP B-NP +single I-NP I-NP +price I-NP I-NP +, O O +will B-VP B-VP +include I-VP I-VP +time B-NP B-NP +on B-PP B-PP +the B-NP B-NP +CNBC I-NP I-NP +program I-NP I-NP +and O O +ad B-NP B-NP +pages I-NP I-NP +in B-PP B-PP +the B-NP B-NP +special I-NP I-NP +guides I-NP I-NP +. O O + +CNBC B-NP B-NP +will B-VP B-VP +produce I-VP I-VP +six B-NP B-NP +, I-NP I-NP +one-hour I-NP I-NP +programs I-NP I-NP +, O O +beginning B-VP B-PP +in B-PP B-PP +April B-NP B-NP +1990 I-NP I-NP +. O O + +The B-NP B-NP +first I-NP I-NP +program I-NP I-NP +scheduled B-VP B-VP +in B-PP B-PP +the B-NP B-NP +joint I-NP I-NP +venture I-NP I-NP +is B-VP B-VP +`` O O +The O O +1990 O O +Homeowner B-NP B-NP +'s B-NP B-NP +Guide I-NP I-NP +. O O +'' O O + +Other B-NP B-NP +programs I-NP I-NP +and I-NP O +special I-NP B-NP +issues I-NP I-NP +will B-VP B-VP +be I-VP I-VP +based I-VP I-VP +on B-PP B-PP +themes B-NP B-NP +of B-PP B-PP +health B-NP B-NP +, O O +jobs B-NP B-NP +, O O +personal B-NP B-NP +finance I-NP I-NP +, O O +the B-NP B-NP +best I-NP I-NP +colleges I-NP I-NP +, O O +and O O +investments B-NP B-NP +. O O + +The B-NP B-NP +programs I-NP I-NP +will B-VP B-VP +be I-VP I-VP +written I-VP I-VP +and I-VP I-VP +produced I-VP I-VP +by B-PP B-PP +CNBC B-NP B-NP +, O O +with B-SBAR B-PP +background B-NP B-NP +and I-NP I-NP +research I-NP I-NP +provided B-VP B-VP +by B-PP B-PP +staff B-NP B-NP +from B-PP B-PP +U.S. B-NP B-NP +News I-NP I-NP +& I-NP I-NP +World I-NP I-NP +Report I-NP I-NP +. O O + +Skoal B-NP B-NP +Daze I-NP I-NP + +I B-NP B-NP +'ve B-VP B-VP +learned I-VP I-VP +the B-NP B-NP +hard I-NP I-NP +way I-NP I-NP +that B-SBAR B-SBAR +too B-NP B-NP +much I-NP I-NP +booze I-NP I-NP +Takes B-VP B-VP +revenge B-NP I-VP +the B-NP B-NP +next I-NP I-NP +day I-NP I-NP +about B-PP B-NP +nine B-NP I-NP +; O O +No B-NP B-NP +wonder I-NP I-NP +I B-NP B-NP +say B-VP B-VP +, O O +`` O O +I B-NP B-NP +drink B-VP B-VP +to B-PP B-PP +your B-NP B-NP +health I-NP I-NP +'' O O +-- O O +It B-NP B-NP +certainly B-ADVP B-ADVP +is B-VP B-VP +n't O O +to B-PP B-PP +mine B-NP B-NP +! O O + +-- B-NP B-NP +George I-NP I-NP +O. I-NP I-NP +Ludcke I-NP I-NP +. O O + +Spaced B-ADJP B-VP +Out I-ADJP B-PRT + +Those B-NP B-NP +supermarket I-NP I-NP +tabloids I-NP I-NP +Make B-VP B-VP +me B-NP B-NP +feel B-VP B-VP +slow B-ADJP B-ADJP +Because B-SBAR B-SBAR +I B-NP B-NP +still B-ADVP B-ADVP +have B-VP B-VP +n't I-VP I-VP +seen I-VP I-VP + +-- B-NP B-NP +Bruce I-NP I-NP +Kafaroff I-NP I-NP +. O O + +Daffynition B-NP B-NP + +Repression B-NP B-NP +: O O +emote B-NP B-NP +control I-NP I-NP +. O O + +-- B-NP B-NP +Daisy I-NP I-NP +Brown I-NP I-NP +. O O + +Weyerhaeuser B-NP B-NP +Co. I-NP I-NP +reported B-VP B-VP +a B-NP B-NP +one-time I-NP I-NP +gain I-NP I-NP +and O O +strong B-NP B-NP +wood-product I-NP I-NP +sales I-NP I-NP +that B-NP B-NP +offset B-VP B-VP +weakness B-NP B-NP +in B-PP B-PP +pulp B-NP B-NP +and I-NP I-NP +paper I-NP I-NP +to B-VP B-VP +fuel I-VP I-VP +a B-NP B-NP +15 I-NP I-NP +% I-NP I-NP +jump I-NP I-NP +in B-PP B-PP +third-quarter B-NP B-NP +net I-NP I-NP +income I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +166.8 I-NP I-NP +million I-NP I-NP +, O O +or O O +78 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +In B-PP B-PP +the B-NP B-NP +1988 I-NP I-NP +third I-NP I-NP +quarter I-NP I-NP +, O O +the B-NP B-NP +forest-products I-NP I-NP +company I-NP I-NP +reported B-VP B-VP +profit B-NP B-NP +of B-PP B-PP +$ B-NP B-NP +144.9 I-NP I-NP +million I-NP I-NP +, O O +or O O +69 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +Sales B-NP B-NP +rose B-VP B-VP +9 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +2.57 I-NP I-NP +billion I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +2.36 I-NP I-NP +billion I-NP I-NP +. O O + +For B-PP B-PP +the B-NP B-NP +nine I-NP I-NP +months I-NP I-NP +, O O +the B-NP B-NP +company I-NP I-NP +posted B-VP B-VP +a B-NP B-NP +14 I-NP I-NP +% I-NP I-NP +rise I-NP I-NP +in B-PP B-PP +profit B-NP B-NP +to B-PP B-PP +$ B-NP B-NP +469.8 I-NP I-NP +million I-NP I-NP +, O O +or O O +$ B-NP B-NP +2.21 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +from B-PP B-PP +$ B-NP B-NP +410.3 I-NP I-NP +million I-NP I-NP +, O O +or O O +$ B-NP B-NP +1.95 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +Sales B-NP B-NP +rose B-VP B-VP +9 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +7.54 I-NP I-NP +billion I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +6.95 I-NP I-NP +billion I-NP I-NP +. O O + +Results B-NP B-NP +for B-PP B-PP +the B-NP B-NP +1989 I-NP I-NP +third I-NP I-NP +quarter I-NP I-NP +and I-NP O +nine I-NP B-NP +months I-NP I-NP +include B-VP B-VP +a B-NP B-NP +pretax I-NP I-NP +loss I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +33 I-NP I-NP +million I-NP I-NP +from B-PP B-PP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +business I-NP I-NP +improvement I-NP I-NP +and I-NP I-NP +refocusing I-NP I-NP +program I-NP I-NP +, O O +and O O +a B-NP B-NP +gain I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +49 I-NP I-NP +million I-NP I-NP +on B-PP B-PP +the B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +a B-NP B-NP +subsidiary I-NP I-NP +'s B-NP B-NP +common I-NP I-NP +stock I-NP I-NP +. O O + +Forest-products B-NP B-NP +operations I-NP I-NP +strengthened B-VP B-VP +in B-PP B-PP +the B-NP B-NP +third I-NP I-NP +quarter I-NP I-NP +, O O +while B-SBAR B-SBAR +paper B-NP B-NP +operations I-NP I-NP +were B-VP B-VP +dogged I-VP I-VP +by B-PP B-PP +higher B-NP B-NP +costs I-NP I-NP +, O O +soft B-NP B-NP +newsprint I-NP I-NP +exports I-NP I-NP +and O O +a B-NP B-NP +strong I-NP I-NP +Japanese I-NP I-NP +yen I-NP I-NP +. O O + +Some B-NP B-NP +competing I-NP I-NP +forest-products I-NP I-NP +firms I-NP I-NP +have B-VP B-VP +recently I-VP I-VP +reported I-VP I-VP +improved B-NP B-NP +results I-NP I-NP +due B-ADJP B-ADVP +to B-PP B-PP +strong B-NP B-NP +pulp I-NP I-NP +and I-NP I-NP +paper I-NP I-NP +business I-NP I-NP +. O O + +Weyerhaeuser B-NP B-NP +'s B-NP B-NP +pulp I-NP I-NP +and I-NP I-NP +paper I-NP I-NP +operations I-NP I-NP +were B-VP B-VP +up B-ADVP B-ADVP +for B-PP B-PP +the B-NP B-NP +nine I-NP I-NP +months I-NP I-NP +, O O +but O O +full-year B-NP B-NP +performance I-NP I-NP +depends B-VP B-VP +on B-PP B-PP +the B-NP B-NP +balance I-NP I-NP +of B-PP B-PP +operating B-NP B-NP +and I-NP I-NP +maintenance I-NP I-NP +costs I-NP I-NP +, O O +plus O O +pricing B-NP B-NP +of B-PP B-PP +certain B-NP B-NP +products I-NP I-NP +, O O +the B-NP B-NP +company I-NP I-NP +said B-VP B-VP +. O O + +Looking B-VP B-VP +ahead B-ADVP B-ADVP +to B-PP B-PP +the B-NP B-NP +fourth I-NP I-NP +quarter I-NP I-NP +, O O +the B-NP B-NP +company I-NP I-NP +said B-VP B-VP +export B-NP B-NP +log I-NP I-NP +and I-NP I-NP +lumber I-NP I-NP +markets I-NP I-NP +will B-VP B-VP +be I-VP I-VP +weak B-ADJP B-ADJP +, O O +while B-SBAR B-SBAR +panel B-NP B-NP +and I-NP I-NP +plywood I-NP I-NP +markets I-NP I-NP +will B-VP B-VP +be I-VP I-VP +stronger B-ADJP B-ADJP +. O O + +Pulp B-NP B-NP +and I-NP I-NP +paper I-NP I-NP +performance I-NP I-NP +depends B-VP B-VP +on B-PP B-PP +cost B-NP B-NP +and I-NP I-NP +price I-NP I-NP +variables I-NP I-NP +, O O +the B-NP B-NP +company I-NP I-NP +said B-VP B-VP +. O O + +Bankers B-NP B-NP +Trust I-NP I-NP +New I-NP I-NP +York I-NP I-NP +Corp. I-NP I-NP +became B-VP B-VP +the B-NP B-NP +latest I-NP I-NP +major I-NP I-NP +U.S. I-NP I-NP +bank I-NP I-NP +to B-VP B-VP +increase I-VP I-VP +reserves B-NP B-NP +for B-PP B-PP +its B-NP B-NP +loans I-NP I-NP +to B-PP B-PP +less-developed B-NP B-NP +countries I-NP I-NP +, O O +making B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +1.6 I-NP I-NP +billion I-NP I-NP +third-quarter I-NP I-NP +addition I-NP I-NP +to B-PP B-PP +its B-NP B-NP +provision I-NP I-NP +. O O + +The B-NP B-NP +bank I-NP I-NP +also B-ADVP B-ADVP +said B-VP B-VP +it B-NP B-NP +expects B-VP B-VP +to I-VP I-VP +report I-VP I-VP +a B-NP B-NP +$ I-NP I-NP +1.42 I-NP I-NP +billion I-NP I-NP +loss I-NP I-NP +for B-PP B-PP +the B-NP B-NP +third I-NP I-NP +quarter I-NP I-NP +and O O +a B-NP B-NP +loss I-NP I-NP +for B-PP B-PP +the B-NP B-NP +full I-NP I-NP +year I-NP I-NP +. O O + +The B-NP B-NP +new I-NP I-NP +reserves I-NP I-NP +bring B-VP B-VP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +provision I-NP I-NP +for B-PP B-PP +loans B-NP B-NP +to B-PP B-PP +Third B-NP B-NP +World I-NP I-NP +countries I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +2.6 I-NP I-NP +billion I-NP I-NP +, O O +or O O +85 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +Bankers B-NP B-NP +Trust I-NP I-NP +'s B-NP B-NP +medium B-ADJP I-NP +and I-ADJP I-NP +long-term I-ADJP I-NP +loans B-NP I-NP +to B-PP B-PP +these B-NP B-NP +countries I-NP I-NP +. O O + +`` O O +Step B-VP B-VP +up B-ADVP B-ADVP +to B-PP B-PP +the B-NP B-NP +plate I-NP I-NP +and O O +take B-VP B-VP +the B-NP B-NP +big I-NP I-NP +swing I-NP I-NP +. O O + +Get B-VP B-VP +the B-NP B-NP +problem I-NP I-NP +behind B-PP B-PP +you B-NP B-NP +and O O +do B-VP B-VP +n't I-VP I-VP +look I-VP I-VP +back B-ADVP B-ADVP +, O O +'' O O +said B-VP B-VP +James B-NP B-NP +J. I-NP I-NP +McDermott I-NP I-NP +, O O +analyst B-NP B-NP +at B-PP B-PP +Keefe B-NP B-NP +, I-NP I-NP +Bruyette I-NP I-NP +& I-NP I-NP +Woods I-NP I-NP +, O O +in B-PP B-PP +approving B-VP B-VP +of B-PP B-PP +the B-NP B-NP +move I-NP I-NP +. O O + +Bankers B-NP B-NP +Trust I-NP I-NP +`` O O +has B-VP B-VP +had I-VP I-VP +the B-NP B-NP +capacity I-NP I-NP +to B-VP B-VP +do I-VP I-VP +this B-NP B-NP +for B-PP B-PP +some B-NP B-NP +time I-NP I-NP +, O O +'' O O +the B-NP B-NP +analyst I-NP I-NP +said B-VP B-VP +. O O + +He B-NP B-NP +expects B-VP B-VP +Citicorp B-NP B-NP +to B-VP B-VP +take I-VP I-VP +a B-NP B-NP +similar I-NP I-NP +step I-NP I-NP +this B-NP B-NP +year I-NP I-NP +. O O + +Citicorp B-NP B-NP +yesterday B-NP B-NP +reported B-VP B-VP +a B-NP B-NP +9 I-NP I-NP +% I-NP I-NP +third-quarter I-NP I-NP +earnings I-NP I-NP +drop I-NP I-NP +, O O +which B-NP B-NP +analysts B-NP B-NP +called B-VP B-VP +a B-ADJP B-NP +bit I-ADJP I-NP +disappointing I-ADJP B-ADJP +, O O +while B-SBAR B-SBAR +Manufacturers B-NP B-NP +Hanover I-NP I-NP +Corp. I-NP I-NP +posted B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +789 I-NP I-NP +million I-NP I-NP +loss I-NP I-NP +for B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +after B-PP B-PP +adding B-VP B-VP +$ B-NP B-NP +950 I-NP I-NP +million I-NP I-NP +to B-PP B-PP +its B-NP B-NP +reserve I-NP I-NP +for B-PP B-PP +loans B-NP B-NP +to B-PP B-PP +less-developed B-NP B-NP +countries I-NP I-NP +. O O + +Three B-NP B-NP +other I-NP I-NP +major I-NP I-NP +U.S. I-NP I-NP +banks I-NP I-NP +posted B-VP B-VP +earnings B-NP B-NP +increases I-NP I-NP +. O O + +Wells B-NP B-NP +Fargo I-NP I-NP +& I-NP I-NP +Co. I-NP I-NP +of B-PP B-PP +San B-NP B-NP +Francisco I-NP I-NP +posted B-VP B-VP +a B-NP B-NP +17 I-NP I-NP +% I-NP I-NP +jump I-NP I-NP +. O O + +PNC B-NP B-NP +Financial I-NP I-NP +Corp. I-NP I-NP +, O O +the B-NP B-NP +parent I-NP I-NP +of B-PP B-PP +Pittsburgh B-NP B-NP +National I-NP I-NP +Bank I-NP I-NP +, O O +reported B-VP B-VP +net B-NP B-NP +income I-NP I-NP +climbed B-VP B-VP +9.8 B-NP B-NP +% I-NP I-NP +, O O +while B-SBAR B-SBAR +net B-NP B-NP +for B-PP B-PP +Banc B-NP B-NP +One I-NP I-NP +Corp. I-NP I-NP +of B-PP B-PP +Columbus B-NP B-NP +, O O +Ohio B-NP B-NP +, O O +grew B-VP B-VP +3.8 B-NP B-NP +% I-NP I-NP +. O O + +Citicorp B-NP B-NP + +Analysts B-NP B-NP +were B-VP B-VP +only I-VP I-VP +slightly I-VP I-VP +disappointed I-VP I-VP +by B-PP B-PP +Citicorp B-NP B-NP +'s B-NP B-NP +numbers I-NP I-NP +. O O + +`` O O +There B-NP B-NP +'s B-VP B-VP +nothing B-NP B-NP +in B-PP B-PP +here B-NP B-ADVP +that B-NP B-NP +'s B-VP B-VP +horrible B-ADJP B-ADJP +and O O +nothing B-NP B-NP +to B-VP B-VP +make I-VP I-VP +you B-NP B-NP +think B-VP B-VP +they B-NP B-NP +'re B-VP B-VP +setting I-VP I-VP +the B-NP B-NP +world I-NP I-NP +on B-PP B-PP +fire B-NP B-NP +, O O +'' O O +said B-VP B-VP +Carole B-NP B-NP +Berger I-NP I-NP +, O O +analyst B-NP B-NP +for B-PP B-PP +C.J. B-NP B-NP +Lawrence I-NP I-NP +, I-NP O +Morgan I-NP B-NP +Grenfell I-NP I-NP +Inc I-NP I-NP +. O O + +Earnings B-NP B-NP +from B-PP B-PP +the B-NP B-NP +bank I-NP I-NP +'s B-NP B-NP +global I-NP I-NP +consumer I-NP I-NP +business I-NP I-NP +grew B-VP B-VP +27 B-NP B-NP +% I-NP I-NP +. O O + +`` O O +The B-NP B-NP +consumer I-NP I-NP +business I-NP I-NP +continues B-VP B-VP +to I-VP I-VP +drive I-VP I-VP +the B-NP B-NP +earnings I-NP I-NP +stream I-NP I-NP +, O O +'' O O +said B-VP B-VP +Mr. B-NP B-NP +McDermott I-NP I-NP +of B-PP B-PP +Keefe B-NP B-NP +, I-NP I-NP +Bruyette I-NP I-NP +& I-NP I-NP +Woods I-NP I-NP +. O O + +Corporate B-NP B-NP +finance I-NP I-NP +and I-NP I-NP +trading I-NP I-NP +results I-NP I-NP +in B-PP B-PP +member B-NP B-NP +countries I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Organization I-NP I-NP +for B-PP B-PP +Economic B-NP B-NP +Cooperation I-NP I-NP +and I-NP I-NP +Development I-NP I-NP +were B-VP B-VP +`` O O +relatively B-ADJP B-ADJP +flat I-ADJP I-ADJP +, O O +sometimes B-ADJP B-ADVP +choppy I-ADJP B-ADJP +, O O +'' O O +the B-NP B-NP +bank I-NP I-NP +said B-VP B-VP +, O O +and O O +profit B-NP B-NP +for B-PP B-PP +the B-NP B-NP +area I-NP I-NP +sank B-VP B-VP +27 B-NP B-NP +% I-NP I-NP +. O O + +The B-NP B-NP +cross-border I-NP I-NP +loan I-NP I-NP +portfolio I-NP I-NP +reflected B-VP B-VP +`` O O +adjustment B-NP B-NP +problems I-NP I-NP +and O O +episodic B-NP B-NP +payment I-NP I-NP +patterns I-NP I-NP +, O O +'' O O +the B-NP B-NP +bank I-NP I-NP +said B-VP B-VP +no B-NP B-NP +interest I-NP I-NP +payments I-NP I-NP +from B-PP B-PP +Argentina B-NP B-NP +in B-PP B-PP +the B-NP B-NP +nine I-NP I-NP +months I-NP I-NP +and O O +none B-NP B-NP +from B-PP B-PP +Brazil B-NP B-NP +in B-PP B-PP +the B-NP B-NP +third I-NP I-NP +quarter I-NP I-NP +, O O +while B-SBAR B-SBAR +Venezuela B-NP B-NP +brought B-VP B-VP +itself B-NP B-NP +`` O O +substantially B-ADJP B-ADJP +current I-ADJP I-ADJP +. O O +'' O O + +Overall B-ADVP B-ADVP +, O O +the B-NP B-NP +portfolio I-NP I-NP +narrowed B-VP B-VP +its B-NP B-NP +quarterly I-NP I-NP +loss I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +70 I-NP I-NP +million I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +80 I-NP I-NP +million I-NP I-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +`` O O +People B-NP B-NP +were B-VP B-VP +waiting I-VP I-VP +to I-VP I-VP +see I-VP I-VP +if B-SBAR B-SBAR +we B-NP B-NP +would B-VP B-VP +take I-VP I-VP +an B-NP B-NP +additional I-NP I-NP +provision I-NP I-NP +'' O O +for B-PP B-PP +medium-term B-NP B-NP +and I-NP I-NP +long-term I-NP I-NP +loans I-NP I-NP +to B-PP B-PP +less-developed B-NP B-NP +countries I-NP I-NP +, O O +a B-NP B-NP +Citicorp I-NP I-NP +spokesman I-NP I-NP +said B-VP B-VP +. O O + +But O O +he B-NP B-NP +reiterated B-VP B-VP +the B-NP B-NP +bank I-NP I-NP +'s B-NP B-NP +position I-NP I-NP +that B-SBAR B-SBAR +it B-NP B-NP +is B-VP B-VP +comfortable B-ADJP B-ADJP +with B-PP B-PP +the B-NP B-NP +current I-NP I-NP +level I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +2.6 I-NP I-NP +billion I-NP I-NP +, O O +covering B-VP B-VP +about B-NP B-NP +30 I-NP I-NP +% I-NP I-NP +of B-PP B-PP +the B-NP B-NP +$ I-NP I-NP +8.9 I-NP I-NP +billion I-NP I-NP +of B-PP B-PP +such B-NP B-NP +loans I-NP I-NP +outstanding B-ADJP B-ADJP +. O O + +Ronald B-NP B-NP +I. I-NP I-NP +Mandle I-NP I-NP +, O O +analyst B-NP B-NP +at B-PP B-PP +Sanford B-NP B-NP +C. I-NP I-NP +Bernstein I-NP I-NP +& I-NP I-NP +Co. I-NP I-NP +, O O +called B-VP B-VP +Citicorp B-NP B-NP +'s B-NP B-NP +venture-capital I-NP I-NP +gains I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +93 I-NP I-NP +million I-NP I-NP +before B-PP B-PP +taxes B-NP B-NP +`` O O +strong B-ADJP B-ADJP +. O O +'' O O + +A B-NP B-NP +`` I-NP I-NP +concerning I-NP I-NP +'' I-NP I-NP +item I-NP I-NP +the B-NP B-NP +analyst I-NP I-NP +cited B-VP B-VP +was B-VP B-VP +the B-NP B-NP +10 I-NP I-NP +% I-NP I-NP +jump I-NP I-NP +in B-PP B-PP +expenses B-NP B-NP +, O O +which B-NP B-NP +the B-NP B-NP +bank I-NP I-NP +attributes B-VP B-VP +to B-PP B-PP +costs B-NP B-NP +of B-PP B-PP +expanding B-VP B-VP +both O B-NP +its B-NP I-NP +consumer I-NP I-NP +credit-card I-NP I-NP +operations I-NP I-NP +and O O +its B-NP B-NP +overseas I-NP I-NP +branch I-NP I-NP +business I-NP I-NP +. O O + +Citicorp B-NP B-NP +'s B-NP B-NP +spokesman I-NP I-NP +said B-VP B-VP +, O O +however B-ADVP B-ADVP +, O O +that B-SBAR B-SBAR +the B-NP B-NP +bank I-NP I-NP +is B-VP B-VP +maintaining I-VP I-VP +those B-NP B-NP +expenses I-NP I-NP +in B-PP B-PP +proportion B-NP B-NP +to B-PP B-PP +revenue B-NP B-NP +growth I-NP I-NP +. O O + +Wells B-NP B-NP +Fargo I-NP I-NP + +Wells B-NP B-NP +Fargo I-NP I-NP +continued B-VP B-VP +to I-VP I-VP +generate I-VP I-VP +one B-NP B-NP +of B-PP B-PP +the B-NP B-NP +highest I-NP I-NP +profit I-NP I-NP +margins I-NP I-NP +among B-PP B-PP +major B-NP B-NP +banks I-NP I-NP +, O O +minimizing B-VP B-VP +a B-NP B-NP +drop I-NP I-NP +in B-PP B-PP +net B-NP B-NP +interest I-NP I-NP +margin I-NP I-NP +with B-PP B-PP +13 B-NP B-NP +% I-NP I-NP +third-quarter I-NP I-NP +growth I-NP I-NP +in B-PP B-PP +high-yielding B-NP B-NP +business I-NP I-NP +loans I-NP I-NP +and O O +similar B-NP B-NP +growth I-NP I-NP +in B-PP B-PP +mortgages B-NP B-NP +. O O + +Its B-NP B-NP +margin I-NP I-NP +fell B-VP B-VP +only B-NP B-NP +seven I-NP I-NP +basis I-NP I-NP +points I-NP I-NP +, O O +or O O +7\/100ths B-NP B-NP +of B-PP B-PP +a B-NP B-NP +percentage I-NP I-NP +point I-NP I-NP +, O O +from B-PP B-PP +a B-NP B-NP +year I-NP I-NP +ago B-ADVP B-ADVP +, O O +compared B-PP B-PP +with B-PP B-PP +a B-NP B-NP +13-point I-NP I-NP +drop I-NP I-NP +at B-PP B-PP +Security B-NP B-NP +Pacific I-NP I-NP +Corp. I-NP I-NP +and O O +much B-NP B-NP +larger I-NP I-NP +declines I-NP I-NP +among B-PP B-PP +banks B-NP B-NP +in B-PP B-PP +other B-NP B-NP +parts I-NP I-NP +of B-PP B-PP +the B-NP B-NP +country I-NP I-NP +. O O + +As B-PP B-PP +a B-NP B-NP +result I-NP I-NP +, O O +Wells B-NP B-NP +Fargo I-NP I-NP +'s B-NP B-NP +net I-NP I-NP +interest I-NP I-NP +income I-NP I-NP +rose B-VP B-VP +$ B-NP B-NP +36.3 I-NP I-NP +million I-NP I-NP +, O O +or O O +7 B-NP B-NP +% I-NP I-NP +, O O +to B-PP B-PP +$ B-NP B-NP +537 I-NP I-NP +million I-NP I-NP +for B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +. O O + +Non-interest B-NP B-NP +income I-NP I-NP +fell B-VP B-VP +slightly B-ADVP B-ADVP +to B-PP B-PP +$ B-NP B-NP +191.9 I-NP I-NP +million I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +193.3 I-NP I-NP +million I-NP I-NP +, O O +while B-SBAR B-SBAR +Wells B-NP B-NP +Fargo I-NP I-NP +continued B-VP B-VP +to I-VP I-VP +rigorously I-VP I-VP +control I-VP I-VP +non-interest B-NP B-NP +expense I-NP I-NP +, O O +which B-NP B-NP +was B-VP B-VP +almost B-ADJP B-ADJP +flat I-ADJP I-ADJP +at B-PP B-PP +$ B-NP B-NP +393.4 I-NP I-NP +million I-NP I-NP +. O O + +The B-NP B-NP +combination I-NP I-NP +of B-PP B-PP +solid B-NP B-NP +loan I-NP I-NP +growth I-NP I-NP +with B-PP B-PP +tight B-NP B-NP +expense I-NP I-NP +control I-NP I-NP +gave B-VP B-VP +Wells B-NP B-NP +Fargo I-NP I-NP +a B-NP B-NP +1.25 I-NP I-NP +% I-NP I-NP +return I-NP I-NP +on B-PP B-PP +average B-NP B-NP +assets I-NP I-NP +for B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +, O O +about B-NP B-NP +40 I-NP I-NP +% I-NP I-NP +higher B-ADJP B-ADJP +than B-PP B-PP +Security B-NP B-NP +Pacific I-NP I-NP +'s B-NP B-NP +and O O +a B-NP B-NP +profit I-NP I-NP +ratio I-NP I-NP +matched B-VP B-VP +by B-PP B-PP +only B-NP B-NP +two I-NP I-NP +or I-NP I-NP +three I-NP I-NP +other B-NP I-NP +major I-NP I-NP +banks I-NP I-NP +in B-NP B-PP +the B-NP B-NP +U.S. I-NP I-NP +. O O + +Wells B-NP B-NP +Fargo I-NP I-NP +'s B-NP B-NP +return I-NP I-NP +on B-PP B-PP +equity B-NP B-NP +increased B-VP B-VP +to B-PP B-PP +24.4 B-NP B-NP +% I-NP I-NP +from B-PP B-PP +23.8 B-NP B-NP +% I-NP I-NP +. O O + +Wells B-NP B-NP +Fargo I-NP I-NP +has B-VP B-VP +sold I-VP I-VP +all B-NP B-NP +of B-PP B-PP +its B-NP B-NP +non-trade I-NP I-NP +loans I-NP I-NP +made B-VP B-VP +to B-PP B-PP +less-developed B-NP B-NP +countries I-NP I-NP +, O O +and O O +managed B-VP B-VP +to I-VP I-VP +partly I-VP I-VP +reverse I-VP I-VP +the B-NP B-NP +sharp I-NP I-NP +rise I-NP I-NP +in B-PP B-PP +domestic B-NP B-NP +non-accrual I-NP I-NP +loans I-NP I-NP +, O O +which B-NP B-NP +fell B-VP B-VP +8 B-NP B-NP +% I-NP I-NP +from B-PP B-PP +the B-NP B-NP +previous I-NP I-NP +quarter I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +806.8 I-NP I-NP +million I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +880.9 I-NP I-NP +million I-NP I-NP +. O O + +But O O +the B-NP B-NP +amount I-NP I-NP +was B-VP B-VP +still O B-ADVP +39 B-NP B-NP +% I-NP I-NP +higher B-ADJP B-ADJP +than B-PP B-PP +the B-NP B-NP +year-ago I-NP I-NP +level I-NP I-NP +, O O +and O O +25 B-NP B-NP +% I-NP I-NP +higher B-ADJP B-ADJP +as B-PP B-PP +a B-NP B-NP +percentage I-NP I-NP +of B-PP B-PP +total B-NP B-NP +loans I-NP I-NP +. O O + +That B-NP B-NP +trend I-NP I-NP +, O O +and O O +Wells B-NP B-NP +Fargo I-NP I-NP +'s B-NP B-NP +heavy I-NP I-NP +exposure I-NP I-NP +to B-PP B-PP +leveraged B-NP B-NP +buy-outs I-NP I-NP +, O O +are B-VP B-VP +about B-NP B-PP +the I-NP B-NP +only I-NP I-NP +worries I-NP I-NP +analysts B-NP B-NP +have B-VP B-VP +about B-PP B-PP +Wells B-NP B-NP +Fargo I-NP I-NP +'s B-NP B-NP +financial I-NP I-NP +picture I-NP I-NP +. O O + +Wells B-NP B-NP +Fargo I-NP I-NP +is B-VP B-VP +rebuilding I-VP I-VP +its B-NP B-NP +loan-loss I-NP I-NP +reserve I-NP I-NP +, O O +which B-NP B-NP +increased B-VP B-VP +to B-PP B-PP +$ B-NP B-NP +711 I-NP I-NP +million I-NP I-NP +at B-PP B-PP +Sept. B-NP B-NP +30 I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +664 I-NP I-NP +million I-NP I-NP +the B-NP B-NP +previous I-NP I-NP +quarter I-NP I-NP +but O O +was B-VP B-VP +down B-ADVP B-ADVP +from B-PP B-PP +$ B-NP B-NP +852 I-NP I-NP +million I-NP I-NP +a B-NP B-NP +year I-NP I-NP +ago B-ADVP B-ADVP +, O O +when B-ADVP B-ADVP +the B-NP B-NP +bank I-NP I-NP +still B-ADVP B-ADVP +had B-VP B-VP +some B-NP B-NP +shaky I-NP I-NP +foreign I-NP I-NP +loans I-NP I-NP +. O O + +Manufacturers B-NP B-NP +Hanover I-NP I-NP + +Manufacturers B-NP B-NP +Hanover I-NP I-NP +said B-VP B-VP +that B-SBAR B-SBAR +excluding B-PP B-PP +the B-NP B-NP +addition I-NP I-NP +to B-PP B-PP +its B-NP B-NP +reserves I-NP I-NP +, O O +certain B-NP B-NP +tax I-NP I-NP +benefits I-NP I-NP +, O O +and O O +a B-NP B-NP +one-time I-NP I-NP +$ I-NP I-NP +16 I-NP I-NP +million I-NP I-NP +gain I-NP I-NP +on B-PP B-PP +the B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +an B-NP B-NP +interest I-NP I-NP +in B-PP B-PP +a B-NP B-NP +foreign I-NP I-NP +leasing I-NP I-NP +company I-NP I-NP +, O O +third-quarter B-NP B-NP +earnings I-NP I-NP +were B-VP B-VP +$ B-NP B-NP +75 I-NP I-NP +million I-NP I-NP +. O O + +The B-NP B-NP +comparable I-NP I-NP +year-earlier I-NP I-NP +number I-NP I-NP +was B-VP B-VP +$ B-NP B-NP +56 I-NP I-NP +million I-NP I-NP +, O O +a B-NP B-NP +spokesman I-NP I-NP +said B-VP B-VP +. O O + +The B-NP B-NP +bank I-NP I-NP +'s B-NP B-NP +additional I-NP I-NP +provisions I-NP I-NP +brought B-VP B-VP +reserves B-NP B-NP +for B-PP B-PP +loans B-NP B-NP +to B-PP B-PP +less-developed B-NP B-NP +countries I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +2.4 I-NP I-NP +billion I-NP I-NP +, O O +covering B-VP B-VP +36 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +its B-NP B-NP +medium I-NP I-NP +and I-NP I-NP +long-term I-NP I-NP +loans I-NP I-NP +outstanding B-ADJP B-ADJP +to B-PP B-PP +these B-NP B-NP +nations I-NP I-NP +. O O + +The B-NP B-NP +net I-NP I-NP +interest I-NP I-NP +margin I-NP I-NP +- O O +the B-NP B-NP +difference I-NP I-NP +between B-PP B-PP +the B-NP B-NP +bank I-NP I-NP +'s B-NP B-NP +cost I-NP I-NP +of B-PP B-PP +funds B-NP B-NP +and O O +what B-NP B-NP +it B-NP B-NP +receives B-VP B-VP +as B-PP B-PP +interest B-NP B-NP +payments I-NP I-NP +-- O O +improved B-VP B-VP +in B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +, O O +as B-SBAR B-SBAR +did O O +certain B-NP B-NP +areas I-NP I-NP +of B-PP B-PP +wholesale B-NP B-NP +banking I-NP I-NP +. O O + +Fees B-NP B-NP +from B-PP B-PP +syndicating B-NP B-VP +loans I-NP B-NP +dropped B-VP B-VP +48 B-NP B-NP +% I-NP I-NP +, O O +to B-PP B-PP +$ B-NP B-NP +21 I-NP I-NP +million I-NP I-NP +. O O + +`` O O +We B-NP B-NP +did B-VP B-VP +n't I-VP I-VP +take I-VP I-VP +part B-NP B-NP +in B-PP B-PP +a B-NP B-NP +lot I-NP I-NP +of B-PP B-PP +deals B-NP B-NP +'' O O +in B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +`` O O +because B-SBAR B-SBAR +their B-NP B-NP +credit I-NP I-NP +quality I-NP I-NP +was B-VP B-VP +poor B-ADJP B-ADJP +, O O +'' O O +the B-NP B-NP +spokesman I-NP I-NP +said B-VP B-VP +. O O + +Expenses B-NP B-NP +unrelated B-ADJP B-ADJP +to B-PP B-PP +interest B-NP B-NP +rose B-VP B-VP +5.4 B-NP B-NP +% I-NP I-NP +, O O +to B-PP B-PP +$ B-NP B-NP +541 I-NP I-NP +million I-NP I-NP +. O O + +PNC B-NP B-NP +Financial I-NP I-NP + +PNC B-NP B-NP +Financial I-NP I-NP +cited B-VP B-VP +higher B-NP B-NP +income I-NP I-NP +from B-PP B-PP +sources B-NP B-NP +unrelated B-ADJP B-ADJP +to B-PP B-PP +interest B-NP B-NP +and O O +said B-VP B-VP +it B-NP B-NP +continues B-VP B-VP +to I-VP I-VP +cut I-VP I-VP +costs B-NP B-NP +. O O + +Net B-NP B-NP +interest I-NP I-NP +income I-NP I-NP +in B-PP B-PP +the B-NP B-NP +third I-NP I-NP +quarter I-NP I-NP +edged B-VP B-VP +up B-PRT B-ADVP +1.4 B-NP B-NP +% I-NP I-NP +, O O +to B-PP B-PP +$ B-NP B-NP +317.7 I-NP I-NP +million I-NP I-NP +. O O + +Trust B-NP B-NP +income I-NP I-NP +grew B-VP B-VP +15 B-NP B-NP +% I-NP I-NP +, O O +to B-PP B-PP +$ B-NP B-NP +49.9 I-NP I-NP +million I-NP I-NP +, O O +while B-SBAR B-SBAR +service B-NP B-NP +charges I-NP I-NP +, O I-NP +fees B-NP I-NP +and O I-NP +commissions B-NP I-NP +increased B-VP B-VP +22 B-NP B-NP +% I-NP I-NP +, O O +to B-PP B-PP +$ B-NP B-NP +79.4 I-NP I-NP +million I-NP I-NP +. O O + +The B-NP B-NP +bank I-NP I-NP +'s B-NP B-NP +total I-NP I-NP +allowance I-NP I-NP +for B-PP B-PP +credit B-NP B-NP +losses I-NP I-NP +was B-VP B-VP +$ B-NP B-NP +502.1 I-NP I-NP +million I-NP I-NP +, O O +or O O +1.82 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +total B-NP B-NP +loans I-NP I-NP +. O O + +Prime B-NP B-NP +Minister I-NP I-NP +Rajiv I-NP I-NP +Gandhi I-NP I-NP +set B-VP B-VP +a B-NP B-NP +date I-NP I-NP +next B-NP B-NP +month I-NP I-NP +for B-PP B-PP +general B-NP B-NP +elections I-NP I-NP +that B-NP B-NP +some B-NP B-NP +analysts I-NP I-NP +say B-VP B-VP +could B-VP B-VP +cost I-VP I-VP +him B-NP B-NP +and O O +his O B-NP +ruling O I-NP +Congress O I-NP +-LRB- O O +I B-NP B-NP +-RRB- O O +Party B-NP B-NP +control B-NP I-NP +of B-PP B-PP +the B-NP B-NP +government I-NP I-NP +. O O + +Other B-NP B-NP +analysts I-NP I-NP +say B-VP B-VP +the B-NP B-NP +Indian I-NP I-NP +leader I-NP I-NP +could B-VP B-VP +retain I-VP I-VP +control B-NP B-NP +with B-PP B-PP +a B-NP B-NP +slim I-NP I-NP +majority I-NP I-NP +or O O +be B-VP B-VP +forced I-VP I-VP +to I-VP I-VP +rule I-VP I-VP +as B-PP B-PP +the B-NP B-NP +dominant I-NP I-NP +partner I-NP I-NP +in B-PP B-PP +a B-NP B-NP +coalition I-NP I-NP +with B-PP B-PP +other B-NP B-NP +parties I-NP I-NP +. O O + +Elections B-NP B-NP +in B-PP B-PP +this B-NP B-NP +large I-NP I-NP +, I-NP I-NP +diverse I-NP I-NP +and I-NP I-NP +passionate I-NP I-NP +nation I-NP I-NP +are B-VP B-VP +always B-ADVP B-ADVP +hard B-ADJP B-ADJP +to B-VP B-VP +predict I-VP I-VP +. O O + +Much B-NP B-NP +depends B-VP B-VP +on B-PP B-PP +the B-NP B-NP +opposition I-NP I-NP +, O O +a B-NP B-NP +loose I-NP I-NP +group I-NP I-NP +of B-PP B-PP +regional B-NP B-NP +and I-NP I-NP +ideological I-NP I-NP +parties I-NP I-NP +led B-VP B-VP +by B-PP B-PP +former B-NP B-NP +Gandhi I-NP I-NP +cabinet I-NP I-NP +minister I-NP I-NP +Vishwanath B-NP I-NP +Pratap I-NP I-NP +Singh I-NP I-NP +. O O + +The B-NP B-NP +biggest I-NP I-NP +certainty I-NP I-NP +is B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +elections I-NP I-NP +will B-VP B-VP +be I-VP I-VP +a B-NP B-NP +vote I-NP I-NP +for B-PP B-PP +or I-PP I-PP +against I-PP I-PP +Mr. B-NP B-NP +Gandhi I-NP I-NP +and O O +his B-NP B-NP +five I-NP I-NP +years I-NP I-NP +in B-PP B-PP +power B-NP B-NP +-- O O +five B-NP B-NP +years I-NP I-NP +of B-PP B-PP +ups B-NP B-NP +and O I-NP +downs B-NP I-NP +, O O +promises B-NP B-NP +and O I-NP +disappointments B-NP I-NP +and O O +wide B-NP B-NP +fluctuations I-NP I-NP +in B-PP B-PP +popularity B-NP B-NP +. O O + +Yesterday B-NP B-NP +, O O +four B-NP B-NP +days I-NP I-NP +after B-NP B-PP +an B-NP B-NP +unusual I-NP I-NP +parliamentary I-NP I-NP +defeat I-NP I-NP +for B-PP B-PP +the B-NP B-NP +ruling I-NP I-NP +party I-NP I-NP +, O O +Mr. B-NP B-NP +Gandhi I-NP I-NP +called B-VP B-VP +elections B-NP B-NP +for B-PP B-PP +the B-NP B-NP +lower I-NP I-NP +house I-NP I-NP +of B-PP B-PP +Parliament B-NP B-NP +on B-PP B-PP +Nov. B-NP B-NP +22 I-NP I-NP +and I-NP I-NP +24 I-NP I-NP +. O O + +The B-NP B-NP +elections I-NP I-NP +will B-VP B-VP +be I-VP I-VP +held I-VP I-VP +in B-PP B-PP +different B-NP B-NP +states I-NP I-NP +on B-PP B-PP +one B-NP B-NP +of B-PP B-PP +the B-NP B-NP +two I-NP I-NP +days I-NP I-NP +. O O + +-LRB- O O +The B-NP B-NP +lower I-NP I-NP +house I-NP I-NP +'s B-NP B-NP +five-year I-NP I-NP +term I-NP I-NP +expires B-VP B-VP +in B-PP B-PP +January B-NP B-NP +; O O +the B-NP B-NP +Parliament I-NP I-NP +'s B-NP B-NP +upper I-NP I-NP +house I-NP I-NP +is B-VP B-VP +appointed I-VP I-VP +. O O +-RRB- O O + +The B-NP B-NP +elections I-NP I-NP +will B-VP B-VP +be I-VP I-VP +a B-NP B-NP +rigorous I-NP I-NP +test I-NP I-NP +for B-PP B-PP +the B-NP B-NP +45-year-old I-NP I-NP +prime I-NP I-NP +minister I-NP I-NP +and O O +Congress B-NP B-NP +-LRB- I-NP O +I I-NP B-NP +-RRB- O O +, O O +which B-NP B-NP +in B-PP B-PP +various B-NP B-NP +forms I-NP I-NP +has B-VP B-VP +ruled I-VP I-VP +for B-PP B-PP +40 O B-NP +of O B-PP +India B-NP B-NP +'s B-NP B-NP +42 I-NP I-NP +years I-NP I-NP +of B-PP B-PP +independence B-NP B-NP +. O O + +After B-PP B-PP +a B-NP B-NP +landslide I-NP I-NP +win I-NP I-NP +in B-PP B-PP +1984 B-NP B-NP +in B-PP B-PP +polls B-NP B-NP +held B-VP B-VP +after B-PP B-PP +the B-NP B-NP +assassination I-NP I-NP +of B-PP B-PP +his B-NP B-NP +mother I-NP I-NP +, O O +Indira B-NP B-NP +Gandhi I-NP I-NP +, O O +Mr. B-NP B-NP +Gandhi I-NP I-NP +saw B-VP B-VP +his B-NP B-NP +popularity I-NP I-NP +begin B-VP B-VP +a B-NP B-NP +roller I-NP I-NP +coaster I-NP I-NP +ride I-NP I-NP +. O O + +His B-NP B-NP +early I-NP I-NP +promises I-NP I-NP +to B-VP B-VP +make I-VP I-VP +India B-NP B-NP +a B-NP B-NP +modern I-NP I-NP +nation I-NP I-NP +remain B-VP B-VP +bogged B-ADJP I-VP +down I-ADJP B-PRT +in B-PP B-PP +bloated B-NP B-NP +bureaucracy I-NP I-NP +. O O + +His B-NP B-NP +pledge I-NP I-NP +to B-VP B-VP +clean I-VP I-VP +up B-PRT B-PRT +local B-NP B-NP +administration I-NP I-NP +and O O +Indian B-NP B-NP +politics I-NP I-NP +, O O +including B-PP B-PP +his B-NP B-NP +own I-NP I-NP +party I-NP I-NP +, O O +went B-VP B-VP +unfulfilled B-ADJP B-ADJP +. O O + +His B-NP B-NP +`` I-NP I-NP +Mr. I-NP I-NP +Clean I-NP I-NP +'' I-NP I-NP +image I-NP I-NP +was B-VP B-VP +muddied I-VP I-VP +by B-PP B-PP +an B-NP B-NP +arms-kickback I-NP I-NP +scandal I-NP I-NP +, O O +which B-NP B-NP +will B-VP B-VP +be I-VP I-VP +a B-NP B-NP +major I-NP I-NP +campaign I-NP I-NP +issue I-NP I-NP +. O O + +Some B-NP B-NP +analysts I-NP I-NP +predict B-VP B-VP +that B-NP O +disappointment B-NP B-NP +in B-PP B-PP +Mr. B-NP B-NP +Gandhi I-NP I-NP +'s B-NP B-NP +spent I-NP I-NP +pledge I-NP I-NP +to B-VP B-VP +reduce I-VP I-VP +corruption B-NP B-NP +and O O +heavy-handed B-NP B-NP +local I-NP I-NP +government I-NP I-NP +will B-VP B-VP +crest I-VP I-VP +at B-PP B-PP +the B-NP B-NP +polls I-NP I-NP +. O O + +`` O O +There B-NP B-NP +'s B-VP B-VP +a B-NP B-NP +wide I-NP I-NP +feeling I-NP I-NP +of B-PP B-PP +indignation B-NP B-NP +across B-PP B-PP +the B-NP B-NP +country I-NP I-NP +, O O +'' O O +says B-VP B-VP +Bhabani B-NP B-NP +Sen I-NP I-NP +Gupta I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Center I-NP I-NP +for B-PP B-PP +Policy B-NP B-NP +Research I-NP I-NP +, O O +in B-PP B-PP +New B-NP B-NP +Delhi I-NP I-NP +. O O + +`` O O +I B-NP B-NP +think B-VP B-VP +the B-NP B-NP +people I-NP I-NP +will B-VP B-VP +be I-VP I-VP +judging I-VP I-VP +the B-NP B-NP +regime I-NP I-NP +by B-PP B-PP +a B-NP B-NP +petty I-NP I-NP +policeman I-NP I-NP +, O O +by B-PP B-PP +a B-NP B-NP +corrupt I-NP I-NP +revenue I-NP I-NP +collector I-NP I-NP +. O O + +This B-NP B-NP +could B-VP B-VP +be I-VP I-VP +a B-NP B-NP +big I-NP I-NP +protest I-NP I-NP +against B-PP B-PP +an B-NP B-NP +administrative I-NP I-NP +failure I-NP I-NP +. O O +'' O O + +Even B-ADVP B-SBAR +if B-SBAR I-SBAR +the B-NP B-NP +Congress I-NP I-NP +-LRB- O O +I B-NP B-NP +-RRB- O O +retains B-VP B-VP +control B-NP B-NP +of B-PP B-PP +the B-NP B-NP +government I-NP I-NP +, O O +Mr. B-NP B-NP +Gandhi I-NP I-NP +'s B-NP B-NP +ability I-NP I-NP +to B-VP B-VP +push I-VP I-VP +through B-PP B-PP +major B-NP B-NP +initiatives I-NP I-NP +might B-VP B-VP +be I-VP I-VP +hobbled I-VP I-VP +by B-PP B-PP +a B-NP B-NP +thinner I-NP I-NP +majority I-NP I-NP +. O O + +Economic B-NP B-NP +analysts I-NP I-NP +call B-VP B-VP +his B-NP B-NP +trail-blazing I-NP I-NP +liberalization I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Indian I-NP I-NP +economy I-NP I-NP +incomplete B-ADJP B-ADJP +, O O +and O O +many B-NP B-NP +are B-VP B-VP +hoping I-VP I-VP +for B-PP B-PP +major B-NP B-NP +new I-NP I-NP +liberalizations I-NP I-NP +if B-SBAR B-SBAR +he B-NP B-NP +is B-VP B-VP +returned I-VP I-VP +firmly B-ADVP B-ADVP +to B-PP B-PP +power B-NP B-NP +. O O + +The B-NP B-NP +Lok I-NP I-NP +Sabha I-NP I-NP +, O O +or O O +lower B-NP B-NP +house I-NP I-NP +of B-PP B-PP +Parliament B-NP B-NP +, O O +has B-VP B-VP +542 B-NP B-NP +elected I-NP I-NP +and O O +two B-NP B-NP +appointed I-NP I-NP +seats B-NP I-NP +. O O + +In B-PP B-PP +1984 B-NP B-NP +, O O +the B-NP B-NP +Congress I-NP I-NP +-LRB- O O +I B-NP B-NP +-RRB- O O +captured B-VP B-VP +405 B-NP B-NP +seats I-NP I-NP +, O O +the B-NP B-NP +largest I-NP I-NP +victory I-NP I-NP +in B-PP B-PP +the B-NP B-NP +history I-NP I-NP +of B-PP B-PP +Indian B-NP B-NP +democracy I-NP I-NP +. O O + +The B-NP B-NP +landslide I-NP I-NP +was B-VP B-VP +fueled I-VP I-VP +by B-PP B-PP +panic B-NP B-NP +that B-NP B-NP +prevailed B-VP B-VP +in B-PP B-PP +India B-NP B-NP +at B-PP B-PP +the B-NP B-NP +time I-NP I-NP +. O O + +Mrs. B-NP B-NP +Gandhi I-NP I-NP +had B-VP B-VP +been I-VP I-VP +assassinated I-VP I-VP +by B-PP B-PP +separatist B-NP B-NP +Sikhs I-NP I-NP +, O O +and O O +many B-NP B-NP +Indians I-NP I-NP +feared B-VP B-VP +their B-NP B-NP +country I-NP I-NP +might B-VP B-VP +split I-VP I-VP +apart B-ADVP B-ADVP +. O O + +In B-PP B-PP +the B-NP B-NP +previous I-NP I-NP +three I-NP I-NP +general I-NP I-NP +elections I-NP I-NP +, O O +similar B-NP B-NP +national I-NP I-NP +issues I-NP I-NP +clinched B-VP B-VP +the B-NP B-NP +vote I-NP I-NP +. O O + +In B-PP B-PP +1971 B-NP B-NP +, O O +the B-NP B-NP +Congress I-NP I-NP +Party I-NP I-NP +won B-VP B-VP +after B-PP B-PP +India B-NP B-NP +'s B-NP B-NP +victory I-NP I-NP +in B-PP B-PP +the B-NP B-NP +Bangladesh I-NP I-NP +war I-NP I-NP +. O O + +In B-PP B-PP +1977 B-NP B-NP +, O O +Mrs. B-NP B-NP +Gandhi I-NP I-NP +was B-VP B-VP +thrown I-VP I-VP +out B-ADVP B-ADVP +of B-PP B-PP +office B-NP B-NP +after B-PP B-PP +her B-NP B-NP +19-month I-NP I-NP +emergency I-NP I-NP +rule I-NP I-NP +, O O +and O O +in B-PP B-PP +1980 B-NP B-NP +, O O +after B-SBAR B-SBAR +her B-NP B-NP +successors I-NP I-NP +made B-VP B-VP +a B-NP B-NP +mess I-NP I-NP +of B-PP B-PP +their B-NP B-NP +three I-NP I-NP +years I-NP I-NP +in B-PP B-PP +power B-NP B-NP +, O O +she B-NP B-NP +was B-VP B-VP +restored I-VP I-VP +to B-PP B-PP +office B-NP B-NP +. O O + +Most B-NP B-NP +political I-NP I-NP +analysts I-NP I-NP +say B-VP B-VP +that B-SBAR B-SBAR +if B-SBAR B-SBAR +Mr. B-NP B-NP +Gandhi I-NP I-NP +'s B-NP B-NP +opposition I-NP I-NP +unites B-VP B-VP +to I-VP B-VP +field I-VP I-VP +single B-NP B-NP +candidates I-NP I-NP +in B-PP B-PP +most B-NP B-NP +precincts I-NP I-NP +, O O +the B-NP B-NP +Congress I-NP I-NP +-LRB- O O +I B-NP B-NP +-RRB- O O +will B-VP B-VP +lose I-VP I-VP +big B-ADVP B-ADVP +. O O + +But O O +if B-SBAR B-SBAR +the B-NP B-NP +opposition I-NP I-NP +remains B-VP B-VP +fractured B-ADJP B-ADJP +, O O +the B-NP B-NP +Congress I-NP I-NP +-LRB- O O +I B-NP B-NP +-RRB- O O +could B-VP B-VP +win I-VP I-VP +a B-NP B-NP +small I-NP I-NP +majority I-NP I-NP +, O O +or O O +lead B-VP B-VP +a B-NP B-NP +coalition I-NP I-NP +government I-NP I-NP +. O O + +Chimanbhai B-NP B-NP +Mehta I-NP I-NP +, O O +a B-NP B-NP +parliamentarian I-NP I-NP +and I-NP O +former I-NP B-NP +Gandhi I-NP I-NP +ally I-NP I-NP +, O O +predicts B-VP B-VP +Congress B-NP B-NP +-LRB- O O +I B-NP B-NP +-RRB- O O +will B-VP B-VP +win I-VP I-VP +only B-NP B-NP +150 I-NP I-NP +seats I-NP I-NP +, O O +a B-NP B-NP +quarter I-NP I-NP +of B-PP B-PP +the B-NP B-NP +house I-NP I-NP +, O O +if B-SBAR B-SBAR +the B-NP B-NP +opposition I-NP I-NP +fields B-VP B-VP +single B-NP B-NP +candidates I-NP I-NP +in B-PP B-PP +80 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +the B-NP B-NP +races I-NP I-NP +. O O + +Analysts B-NP B-NP +say B-VP B-VP +the B-NP B-NP +opposition I-NP I-NP +will B-VP B-VP +struggle I-VP I-VP +this B-NP B-NP +week I-NP I-NP +to B-VP B-VP +unite I-VP I-VP +, O O +and O O +its B-NP B-NP +success I-NP I-NP +will B-VP B-VP +be I-VP I-VP +clear B-ADJP B-ADJP +only B-ADVP B-ADVP +when B-ADVP B-ADVP +it B-NP B-NP +announces B-VP B-VP +its B-NP B-NP +final I-NP I-NP +list I-NP I-NP +of B-PP B-PP +parliamentary B-NP B-NP +candidates I-NP I-NP +. O O + +The B-NP B-NP +arms-kickback I-NP I-NP +scandal I-NP I-NP +is B-VP B-VP +likely B-ADJP B-ADJP +to B-VP B-VP +be I-VP I-VP +one B-NP B-NP +of B-PP B-PP +the B-NP B-NP +big I-NP I-NP +talking I-NP I-NP +points I-NP I-NP +in B-PP B-PP +the B-NP B-NP +campaign I-NP I-NP +, O O +but O O +it B-NP B-NP +'s B-VP B-VP +unclear B-ADJP B-ADJP +how B-ADVP B-ADVP +it B-NP B-NP +is B-VP B-VP +viewed I-VP I-VP +by B-PP B-PP +average B-NP B-NP +Indian I-NP I-NP +voters I-NP I-NP +. O O + +In B-PP B-PP +1986 B-NP B-NP +, O O +India B-NP B-NP +signed B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +1.4 I-NP I-NP +billion I-NP I-NP +contract I-NP I-NP +with B-PP B-PP +AB B-NP B-NP +Bofors I-NP I-NP +, O O +a B-NP B-NP +unit I-NP I-NP +of B-PP B-PP +Nobel B-NP B-NP +Industries I-NP I-NP +Sweden I-NP I-NP +AB I-NP I-NP +, O O +to B-VP B-VP +purchase I-VP I-VP +400 B-NP B-NP +artillery I-NP I-NP +pieces I-NP I-NP +. O O + +The B-NP B-NP +contract I-NP I-NP +was B-VP B-VP +negotiated I-VP I-VP +by B-PP B-PP +the B-NP B-NP +countries I-NP I-NP +' B-NP B-NP +two I-NP I-NP +prime I-NP I-NP +ministers I-NP I-NP +, O O +and O O +was B-VP B-VP +supposed I-VP I-VP +to I-VP I-VP +be I-VP I-VP +free B-ADJP B-ADJP +of B-PP B-PP +commissions B-NP B-NP +or O I-NP +agents B-NP I-NP +' B-NP B-NP +costs I-NP I-NP +. O O + +In B-PP B-PP +April B-NP B-NP +1987 I-NP I-NP +, O O +evidence B-NP B-NP +surfaced B-VP B-VP +that B-SBAR B-SBAR +commissions B-NP B-NP +were B-VP B-VP +paid I-VP I-VP +. O O + +The B-NP B-NP +opposition I-NP I-NP +charged B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +money I-NP I-NP +was B-VP B-VP +used I-VP I-VP +to B-VP B-VP +bribe I-VP I-VP +Indian B-NP B-NP +government I-NP I-NP +officials I-NP I-NP +, O O +an B-NP B-NP +allegation I-NP I-NP +denied B-VP B-VP +by B-PP B-PP +Mr. B-NP B-NP +Gandhi I-NP I-NP +'s B-NP B-NP +administration I-NP I-NP +. O O + +But O O +many B-NP B-NP +of B-PP B-PP +his B-NP B-NP +statements I-NP I-NP +on B-PP B-PP +the B-NP B-NP +issue I-NP I-NP +in B-PP B-PP +Parliament B-NP B-NP +subsequently B-ADVP B-ADVP +were B-VP B-VP +proven I-VP I-VP +wrong B-ADJP B-ADJP +by B-PP B-PP +documentary B-NP B-NP +evidence I-NP I-NP +. O O + +The B-NP B-NP +scandal I-NP I-NP +has B-VP B-VP +faded I-VP I-VP +and I-VP I-VP +flared I-VP I-VP +, O O +but O O +recent B-NP B-NP +disclosures I-NP I-NP +propelled B-VP B-VP +it B-NP B-NP +back B-ADVP B-ADVP +onto B-PP B-PP +the B-NP B-NP +front I-NP I-NP +pages I-NP I-NP +, O O +and O O +that B-NP B-NP +has B-VP B-VP +helped I-VP I-VP +galvanize I-VP I-VP +the B-NP B-NP +opposition I-NP I-NP +, O O +which B-NP B-NP +last B-NP B-NP +week I-NP I-NP +blocked B-VP B-VP +passage B-NP B-NP +of B-PP B-PP +two B-NP B-NP +constitutional I-NP I-NP +amendment I-NP I-NP +bills I-NP I-NP +. O O + +It B-NP B-NP +was B-VP B-VP +the B-NP B-NP +first I-NP I-NP +time I-NP I-NP +in B-PP B-PP +20 B-NP B-NP +years I-NP I-NP +that B-SBAR B-SBAR +such B-NP B-NP +government I-NP I-NP +bills I-NP I-NP +were B-VP B-VP +defeated I-VP I-VP +. O O + +In B-PP B-PP +a B-NP B-NP +country I-NP I-NP +where B-ADVP B-ADVP +a B-NP B-NP +bribe I-NP I-NP +is B-VP B-VP +needed I-VP I-VP +to I-VP B-VP +get I-VP I-VP +a B-NP B-NP +phone I-NP I-NP +, O O +a B-NP B-NP +job I-NP I-NP +, O O +and O O +even B-ADVP B-ADVP +into B-PP B-PP +a B-NP B-NP +school I-NP I-NP +, O O +the B-NP B-NP +name I-NP I-NP +Bofors I-NP I-NP +has B-VP B-VP +become I-VP I-VP +a B-NP B-NP +potent I-NP I-NP +rallying I-NP I-NP +cry I-NP I-NP +against B-PP B-PP +the B-NP B-NP +government I-NP I-NP +. O O + +That B-NP B-NP +illustrates B-VP B-VP +the B-NP B-NP +kind I-NP I-NP +of B-PP B-PP +disappointment B-NP B-NP +many B-NP B-NP +Indians I-NP I-NP +feel B-VP B-VP +toward B-PP B-PP +Mr. B-NP B-NP +Gandhi I-NP I-NP +, O O +whom B-NP B-NP +they B-NP B-NP +zestfully B-VP B-VP +elected I-VP I-VP +and O I-VP +enthusiastically B-VP I-VP +supported I-VP I-VP +in B-PP B-PP +his B-NP B-NP +first I-NP I-NP +two I-NP I-NP +years I-NP I-NP +in B-PP B-PP +power B-NP B-NP +. O O + +His B-NP B-NP +term I-NP I-NP +has B-VP B-VP +produced I-VP I-VP +no B-NP B-NP +spectacular I-NP I-NP +failures I-NP I-NP +in B-PP B-PP +politics B-NP B-NP +, O O +in B-PP B-PP +the B-NP B-NP +economy I-NP I-NP +or B-PP B-PP +on B-PP B-PP +the B-NP B-NP +military I-NP I-NP +front I-NP I-NP +, O O +and O O +has B-VP B-VP +chalked I-VP I-VP +up B-PRT B-PRT +some B-NP B-NP +successes I-NP I-NP +. O O + +But O O +the B-NP B-NP +average I-NP I-NP +Indian I-NP I-NP +had B-VP B-VP +tremendous B-NP B-NP +hope I-NP I-NP +in B-PP B-PP +the B-NP B-NP +youthful I-NP I-NP +leader I-NP I-NP +and O O +his B-NP B-NP +promise I-NP I-NP +to B-VP B-VP +make I-VP I-VP +both B-NP B-NP +government B-NP I-NP +and O O +the B-NP B-NP +ruling I-NP I-NP +party I-NP I-NP +more B-ADJP B-ADJP +effective I-ADJP I-ADJP +and O O +less B-ADJP B-ADJP +corrupt I-ADJP I-ADJP +. O O + +His B-NP B-NP +failures I-NP I-NP +in B-PP B-PP +those B-NP B-NP +two I-NP I-NP +areas I-NP I-NP +deeply B-ADVP B-ADVP +, O O +and O O +sometimes B-ADVP B-ADVP +bitterly I-ADVP B-ADVP +, B-VP O +disappointed I-VP B-VP +many B-NP B-NP +Indians I-NP I-NP +. O O + +`` O O +We B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +like I-VP I-VP +the B-NP B-NP +Congress I-NP I-NP +-LRB- O O +I B-NP B-NP +-RRB- O O +, O O +'' O O +says B-VP B-VP +Sooraji B-NP B-NP +Jath I-NP I-NP +, O O +a B-NP B-NP +farmer I-NP I-NP +in B-PP B-PP +the B-NP B-NP +western I-NP I-NP +state I-NP I-NP +of B-PP B-PP +Gujarat B-NP B-NP +. O O + +`` O O +The B-NP B-NP +Congress I-NP I-NP +government I-NP I-NP +is B-VP B-VP +taking I-VP I-VP +the B-NP B-NP +farmers I-NP I-NP +' B-NP B-NP +bread I-NP I-NP +and O O +not O B-VP +giving B-VP I-VP +us B-NP B-NP +any B-NP B-NP +support I-NP I-NP +. O O + +When B-ADVP B-ADVP +there B-NP B-NP +are B-VP B-VP +well B-NP B-NP +problems I-NP I-NP +, O O +light B-NP B-NP +problems I-NP I-NP +, O O +road B-NP B-NP +problems I-NP I-NP +, O O +the B-NP B-NP +government I-NP I-NP +tells B-VP B-VP +us B-NP B-NP +to B-VP B-VP +forget I-VP I-VP +it B-NP B-NP +. O O +'' O O + +The B-NP B-NP +greatest I-NP I-NP +thing I-NP I-NP +going B-VP B-VP +for B-PP B-PP +Mr. B-NP B-NP +Gandhi I-NP I-NP +and O O +the O B-NP +Congress O I-NP +-LRB- O O +I B-NP B-NP +-RRB- O O +Party B-NP B-NP +is B-VP B-VP +the B-NP B-NP +poor I-NP I-NP +reputation I-NP I-NP +of B-PP B-PP +the B-NP B-NP +opposition I-NP I-NP +. O O + +Even B-ADVP B-SBAR +if B-SBAR I-SBAR +it B-NP B-NP +unites B-VP B-VP +for B-PP B-PP +the B-NP B-NP +elections I-NP I-NP +, O O +its B-NP B-NP +coherence I-NP I-NP +is B-VP B-VP +likely B-ADJP B-ADJP +to B-VP B-VP +be I-VP I-VP +temporary B-ADJP B-ADJP +. O O + +When B-ADVP B-ADVP +the B-NP B-NP +Congress I-NP I-NP +-LRB- O O +I B-NP B-NP +-RRB- O O +lost B-VP B-VP +the B-NP B-NP +1977 I-NP I-NP +election I-NP I-NP +, O O +following B-PP B-PP +Mrs. B-NP B-NP +Gandhi I-NP I-NP +'s B-NP B-NP +hated I-NP I-NP +emergency I-NP I-NP +rule I-NP I-NP +, O O +a B-NP B-NP +similar I-NP I-NP +coalition I-NP I-NP +took B-VP B-VP +power B-NP B-NP +and O O +then B-ADVP B-ADVP +disintegrated B-VP B-VP +. O O + +Many B-NP B-NP +Indians I-NP I-NP +fear B-VP B-VP +a B-NP B-NP +repeat I-NP I-NP +of B-PP B-PP +that B-NP B-NP +experience I-NP I-NP +. O O + +March B-NP B-NP +24 I-NP I-NP +, I-NP I-NP +1986 I-NP I-NP +: O O + +AB B-NP B-NP +Bofors I-NP I-NP +, O O +a B-NP B-NP +unit I-NP I-NP +of B-PP B-PP +Nobel B-NP B-NP +Industries I-NP I-NP +Sweden I-NP I-NP +AB I-NP I-NP +, O O +enters B-VP B-VP +into B-PP B-PP +a B-NP B-NP +$ I-NP I-NP +1.4 I-NP I-NP +billion I-NP I-NP +contract I-NP I-NP +with B-PP B-PP +India B-NP B-NP +'s B-NP B-NP +Defense I-NP I-NP +Ministry I-NP I-NP +to B-VP B-VP +supply I-VP I-VP +400 B-NP B-NP +Bofors I-NP I-NP +FH-77B I-NP I-NP +155-mm I-NP I-NP +field I-NP I-NP +howitzer I-NP I-NP +guns I-NP I-NP +. O O + +In B-PP B-PP +1985 B-NP B-NP +, O O +Prime B-NP B-NP +Minister I-NP I-NP +Rajiv I-NP I-NP +Gandhi I-NP I-NP +, O O +in B-PP B-PP +his B-NP B-NP +talks I-NP I-NP +with B-PP B-PP +then B-NP B-NP +Swedish I-NP I-NP +Prime I-NP I-NP +Minister I-NP I-NP +Olof I-NP I-NP +Palme I-NP I-NP +, O O +imposed B-VP B-VP +the B-NP B-NP +condition I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +contract I-NP I-NP +have B-VP B-VP +no B-NP B-NP +middlemen I-NP I-NP +. O O + +April B-NP B-NP +16 I-NP I-NP +, I-NP I-NP +1987 I-NP I-NP +: O O + +Swedish B-NP B-NP +National I-NP I-NP +Radio I-NP I-NP +reports B-VP B-VP +that B-SBAR B-SBAR +about B-NP B-NP +$ I-NP I-NP +40 I-NP I-NP +million I-NP I-NP +-- O O +nearly B-NP B-NP +3 I-NP I-NP +% I-NP I-NP +of B-PP B-PP +the B-NP B-NP +total I-NP I-NP +contract I-NP I-NP +-- O O +was B-VP B-VP +paid I-VP I-VP +by B-PP B-PP +Bofors B-NP B-NP +as B-PP B-PP +commissions B-NP B-NP +to B-PP B-PP +middlemen B-NP B-NP +. O O + +June B-NP B-NP +1 I-NP I-NP +, I-NP I-NP +1987 I-NP I-NP +: O O + +Sweden B-NP B-NP +'s B-NP B-NP +National I-NP I-NP +Audit I-NP I-NP +Bureau I-NP I-NP +releases B-VP B-VP +its B-NP B-NP +report I-NP I-NP +confirming B-VP B-VP +payment B-NP B-NP +of B-PP B-PP +about B-NP B-NP +$ I-NP I-NP +40 I-NP I-NP +million I-NP I-NP +to B-PP B-PP +unidentified B-NP B-NP +Indians I-NP I-NP +. O O + +The B-NP B-NP +report I-NP I-NP +says B-VP B-VP +that B-SBAR B-SBAR +investigations B-NP B-NP +were B-VP B-VP +severely I-VP I-VP +hampered I-VP I-VP +by B-PP B-PP +lack B-NP B-NP +of B-PP B-PP +cooperation B-NP B-NP +from B-PP B-PP +Bofors B-NP B-NP +. O O + +Bofors B-NP B-NP +says B-VP B-VP +it B-NP B-NP +ca B-VP B-VP +n't I-VP I-VP +disclose I-VP I-VP +the B-NP B-NP +names I-NP I-NP +of B-PP B-PP +the B-NP B-NP +middlemen I-NP I-NP +because B-SBAR B-SBAR +it B-NP B-NP +would B-VP B-VP +jeopardize I-VP I-VP +industrial B-NP B-NP +confidentiality I-NP I-NP +. O O + +A B-NP B-NP +portion I-NP I-NP +of B-PP B-PP +the B-NP B-NP +report I-NP I-NP +containing B-VP B-VP +names B-NP B-NP +of B-PP B-PP +the B-NP B-NP +middlemen I-NP I-NP +is B-VP B-VP +withheld I-VP I-VP +by B-PP B-PP +officials B-NP B-NP +citing B-VP B-VP +bank B-NP B-NP +secrecy I-NP I-NP +requirements I-NP I-NP +. O O + +Aug. B-NP B-NP +6 I-NP I-NP +, I-NP I-NP +1987 I-NP I-NP +: O O + +Prime B-NP B-NP +Minister I-NP I-NP +Gandhi I-NP B-NP +tells B-VP B-VP +the B-NP B-NP +Indian I-NP I-NP +Parliament I-NP I-NP +, O O +`` O O +... O O +neither O O +I B-NP B-NP +nor O O +any B-NP B-NP +member I-NP I-NP +of B-PP B-PP +my B-NP B-NP +family I-NP I-NP +has B-VP B-VP +received I-VP I-VP +any B-NP B-NP +consideration I-NP I-NP +in B-PP B-PP +these B-NP B-NP +transactions I-NP I-NP +. O O + +That B-NP B-NP +is B-VP B-VP +the B-NP B-NP +truth I-NP I-NP +. O O +'' O O + +Aug. B-NP B-NP +26 I-NP I-NP +, I-NP I-NP +1987 I-NP I-NP +: O O + +Bofors B-NP B-NP +admits B-VP B-VP +payments B-NP B-NP +of B-PP B-PP +$ B-NP B-NP +41 I-NP I-NP +million I-NP I-NP +to B-PP B-PP +middlemen B-NP B-NP +. O O + +April B-NP B-NP +22 I-NP I-NP +, I-NP I-NP +1988 I-NP I-NP +: O O + +The B-NP B-NP +Hindu I-NP I-NP +newspaper I-NP I-NP +publishes B-VP B-VP +facsimiles B-NP B-NP +of B-PP B-PP +bank B-NP B-NP +documents I-NP I-NP +for B-PP B-PP +foreign-exchange B-NP B-NP +remittances I-NP I-NP +and O I-NP +letters B-NP I-NP +between B-PP B-PP +Bofors B-NP B-NP +and O O +certain B-NP B-NP +private I-NP I-NP +companies I-NP I-NP +related B-ADJP B-ADJP +to B-PP B-PP +the B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +the B-NP B-NP +guns I-NP I-NP +to B-PP B-PP +India B-NP B-NP +. O O + +April B-NP B-NP +26 I-NP I-NP +, I-NP I-NP +1988 I-NP I-NP +: O O + +A B-NP B-NP +parliamentary I-NP I-NP +investigative I-NP I-NP +committee I-NP I-NP +dominated B-VP B-VP +by B-PP B-PP +the O B-NP +Congress O I-NP +-LRB- O O +I B-NP B-NP +-RRB- O I-NP +Party B-NP I-NP +concludes B-VP B-VP +that B-SBAR B-SBAR +there B-NP B-NP +were B-VP B-VP +no B-NP B-NP +middlemen I-NP I-NP +in B-PP B-PP +the B-NP B-NP +deal I-NP I-NP +and O O +no B-NP B-NP +payment I-NP I-NP +to B-PP B-PP +any B-NP B-NP +Indian I-NP I-NP +individual I-NP I-NP +or I-NP I-NP +company I-NP I-NP +. O O + +July B-NP B-NP +18 I-NP I-NP +, I-NP I-NP +1989 I-NP I-NP +: O O + +The B-NP B-NP +comptroller I-NP I-NP +and I-NP I-NP +auditor-general I-NP I-NP +of B-PP B-PP +India B-NP B-NP +reports B-VP B-VP +serious B-NP B-NP +lapses I-NP I-NP +in B-PP B-PP +the B-NP B-NP +government I-NP I-NP +'s B-NP B-NP +technical B-ADJP I-NP +and I-ADJP I-NP +financial I-ADJP I-NP +evaluation B-NP I-NP +of B-PP B-PP +the B-NP B-NP +Bofors I-NP I-NP +deal I-NP I-NP +. O O + +Sept. B-NP B-NP +15 I-NP I-NP +, I-NP I-NP +1989 I-NP I-NP +: O O + +Retired O O +army O O +Chief O O +of B-PP B-PP +Staff B-NP B-NP +Krishnaswami B-NP B-NP +Sundarji I-NP I-NP +discloses B-VP B-VP +in B-PP B-PP +an B-NP B-NP +interview I-NP I-NP +that B-SBAR B-SBAR +he B-NP B-NP +suggested B-VP B-VP +in B-PP B-PP +May B-NP B-NP +1987 I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +government I-NP I-NP +cancel B-VP B-VP +the B-NP B-NP +Bofors I-NP I-NP +contract I-NP I-NP +. O O + +According B-PP B-PP +to B-PP B-PP +Gen. B-NP B-NP +Sundarji I-NP I-NP +, O O +that B-NP B-NP +would B-VP B-VP +have I-VP I-VP +forced I-VP I-VP +Bofors B-NP B-NP +to B-VP B-VP +disclose I-VP I-VP +the B-NP B-NP +names I-NP I-NP +of B-PP B-PP +the B-NP B-NP +middlemen I-NP I-NP +who B-NP B-NP +received B-VP B-VP +kickbacks B-NP B-NP +from B-PP B-PP +the B-NP B-NP +company I-NP I-NP +. O O + +His B-NP B-NP +recommendation I-NP I-NP +was B-VP B-VP +rejected I-VP I-VP +by B-PP B-PP +the B-NP B-NP +government I-NP I-NP +. O O + +Oct. B-NP B-NP +9. I-NP I-NP +1989 I-NP I-NP +: O O + +The B-NP B-NP +Hindu I-NP I-NP +newspaper I-NP I-NP +publishes B-VP B-VP +the B-NP B-NP +withheld I-NP I-NP +portion I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Swedish I-NP I-NP +National I-NP I-NP +Audit I-NP I-NP +Bureau I-NP I-NP +'s B-NP B-NP +report I-NP I-NP +. O O + +The B-NP B-NP +disclosures I-NP I-NP +state B-VP B-VP +that B-SBAR B-SBAR +commissions B-NP B-NP +were B-VP B-VP +paid I-VP I-VP +by B-PP B-PP +Bofors B-NP B-NP +to B-PP B-PP +an B-NP B-NP +Indian I-NP I-NP +agent I-NP I-NP +of B-PP B-PP +the B-NP B-NP +arms I-NP I-NP +company I-NP I-NP +. O O + +Parsow B-NP B-NP +Partnership I-NP I-NP +Ltd. I-NP I-NP +and O O +Elkhorn B-NP B-NP +Partners I-NP I-NP +L.P. I-NP I-NP +said B-VP B-VP +they B-NP B-NP +may B-VP B-VP +seek I-VP I-VP +proposals B-NP B-NP +from B-PP B-PP +third B-NP B-NP +parties I-NP I-NP +relating B-VP B-VP +to B-PP B-PP +a B-NP B-NP +sale I-NP I-NP +or I-NP I-NP +restructuring I-NP I-NP +of B-PP B-PP +CACI B-NP B-NP +International I-NP I-NP +Inc I-NP I-NP +. O O + +In B-PP B-PP +a B-NP B-NP +filing I-NP I-NP +with B-PP B-PP +the B-NP B-NP +Securities I-NP I-NP +and I-NP I-NP +Exchange I-NP I-NP +Commission I-NP I-NP +, O O +Parsow B-NP B-NP +and I-NP I-NP +Elkhorn I-NP I-NP +, O O +which B-NP B-NP +together B-ADVP B-ADVP +hold B-VP B-VP +8.685 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +CACI B-NP B-NP +'s B-NP B-NP +common I-NP I-NP +shares I-NP I-NP +, O O +said B-VP B-VP +they B-NP B-NP +think B-VP B-VP +it B-NP B-NP +is B-VP B-VP +in B-PP B-PP +the B-NP B-NP +best I-NP I-NP +interest I-NP I-NP +of B-PP B-PP +CACI B-NP B-NP +stockholders I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +company I-NP I-NP +be B-VP B-VP +sold I-VP I-VP +. O O + +CACI B-NP B-NP +, O O +based B-VP B-VP +in B-PP B-PP +Arlington B-NP B-NP +, O O +Va. B-NP B-NP +, O O +said B-VP B-VP +it B-NP B-NP +had B-VP B-VP +n't I-VP I-VP +seen I-VP I-VP +the B-NP B-NP +filing I-NP I-NP +by B-PP B-PP +Parsow B-NP B-NP +and I-NP I-NP +Elkhorn I-NP I-NP +and O O +therefore B-ADVP B-VP +had B-VP I-VP +no B-NP B-NP +comment I-NP I-NP +. O O + +The B-NP B-NP +partnerships I-NP I-NP +said B-VP B-VP +they B-NP B-NP +may B-VP B-VP +seek I-VP I-VP +board B-NP B-NP +representation I-NP I-NP +, O O +and O O +they B-NP B-NP +may B-VP B-VP +seek I-VP I-VP +the B-NP B-NP +support I-NP I-NP +of B-PP B-PP +CACI B-NP B-NP +'s B-NP B-NP +board I-NP I-NP +and O O +other B-NP B-NP +major I-NP I-NP +shareholders I-NP I-NP +in B-PP B-PP +connection B-NP B-NP +with B-PP B-PP +their B-NP B-NP +plans I-NP I-NP +. O O + +According B-PP B-PP +to B-PP B-PP +the B-NP B-NP +filing I-NP I-NP +, O O +Parsow B-NP B-NP +and I-NP I-NP +Elkhorn I-NP I-NP +are B-VP B-VP +based I-VP I-VP +in B-PP B-PP +Elkhorn B-NP B-NP +, O O +Neb. B-NP B-NP +, O O +and O O +are B-VP B-VP +controlled I-VP I-VP +by B-PP B-PP +the B-NP B-NP +same I-NP I-NP +general I-NP I-NP +partner I-NP I-NP +, O O +Alan B-NP B-NP +S. I-NP I-NP +Parsow I-NP I-NP +. O O + +Their B-NP B-NP +combined I-NP I-NP +stake I-NP I-NP +consists B-VP B-VP +of B-PP B-PP +880,500 B-NP B-NP +CACI I-NP I-NP +common I-NP I-NP +shares I-NP I-NP +, O O +including B-PP B-PP +86,500 B-NP B-NP +shares I-NP I-NP +bought B-VP B-VP +in B-PP B-PP +the B-NP B-NP +past I-NP I-NP +60 I-NP I-NP +days I-NP I-NP +at B-PP B-PP +$ B-NP B-NP +2.3125 I-NP I-NP +to I-NP I-NP +$ I-NP I-NP +2.4375 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +Additional B-NP B-NP +shares I-NP I-NP +may B-VP B-VP +be I-VP I-VP +bought I-VP I-VP +or I-VP I-VP +sold I-VP I-VP +in B-PP B-PP +the B-NP B-NP +open I-NP I-NP +market I-NP I-NP +, O O +in B-PP B-PP +private B-NP B-NP +transactions I-NP I-NP +or O O +otherwise B-ADVP B-ADVP +, O O +depending B-PP B-PP +on B-PP B-PP +market B-NP B-NP +conditions I-NP I-NP +and O O +other B-NP B-NP +factors I-NP I-NP +. O O + +The B-NP B-NP +inverse I-NP I-NP +trading I-NP I-NP +relationship I-NP I-NP +between B-PP B-PP +bonds B-NP B-NP +and I-NP I-NP +stocks I-NP I-NP +was B-VP B-VP +interrupted I-VP I-VP +yesterday B-NP B-NP +as B-SBAR B-SBAR +bonds B-NP B-NP +fell B-VP B-VP +despite B-PP B-PP +a B-NP B-NP +modest I-NP I-NP +decline I-NP I-NP +in B-PP B-PP +stock B-NP B-NP +prices I-NP I-NP +. O O + +But O O +bond B-NP B-NP +investors I-NP I-NP +continue B-VP B-VP +to I-VP I-VP +keep I-VP I-VP +a B-NP B-NP +close I-NP I-NP +watch I-NP I-NP +on B-PP B-PP +the B-NP B-NP +jittery I-NP I-NP +stock I-NP I-NP +market I-NP I-NP +. O O + +In B-PP B-PP +early B-NP B-NP +trading I-NP I-NP +, O O +investors B-NP B-NP +were B-VP B-VP +bidding I-VP I-VP +bond B-NP B-NP +prices I-NP I-NP +higher B-ADJP B-ADVP +as B-SBAR B-SBAR +stocks B-NP B-NP +tumbled B-VP B-VP +and O O +fears B-NP B-NP +mounted B-VP B-VP +that B-SBAR B-SBAR +Friday B-NP B-NP +'s B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +debacle I-NP I-NP +would B-VP B-VP +be I-VP I-VP +repeated I-VP I-VP +. O O + +But O O +a B-NP B-NP +partial I-NP I-NP +recovery I-NP I-NP +in B-PP B-PP +the B-NP B-NP +Dow I-NP I-NP +Jones I-NP I-NP +Industrial I-NP I-NP +Average I-NP I-NP +, O O +which B-NP B-NP +had B-VP B-VP +been I-VP I-VP +down B-ADVP B-ADVP +more B-NP B-NP +than I-NP I-NP +60 I-NP I-NP +points I-NP I-NP +in B-PP B-PP +midmorning B-NP B-NP +, O O +dashed B-VP B-VP +those B-NP B-NP +expectations I-NP I-NP +. O O + +Treasury B-NP B-NP +bonds I-NP I-NP +also B-ADVP B-ADVP +were B-VP B-VP +hurt I-VP I-VP +late B-ADVP B-ADVP +in B-PP B-PP +the B-NP B-NP +day I-NP I-NP +by B-PP B-PP +a B-NP B-NP +$ I-NP I-NP +4 I-NP I-NP +billion I-NP I-NP +offering I-NP I-NP +by B-PP B-PP +the B-NP B-NP +Tennessee I-NP I-NP +Valley I-NP I-NP +Authority I-NP I-NP +and O O +the B-NP B-NP +prospect I-NP I-NP +of B-PP B-PP +a B-NP B-NP +huge I-NP I-NP +amount I-NP I-NP +of B-PP B-PP +new B-NP B-NP +agency I-NP I-NP +debt I-NP I-NP +. O O + +`` O O +Bond B-NP B-NP +investors I-NP I-NP +were B-VP B-VP +hoping I-VP I-VP +that B-SBAR B-SBAR +stock B-NP B-NP +prices I-NP I-NP +would B-VP B-VP +continue I-VP I-VP +to I-VP I-VP +fall I-VP I-VP +, O O +'' O O +said B-VP B-VP +Roger B-NP B-NP +Early I-NP I-NP +, O O +a B-NP B-NP +vice I-NP I-NP +president I-NP I-NP +at B-PP B-PP +Federated B-NP B-NP +Investors I-NP I-NP +Inc. I-NP I-NP +, O O +Pittsburgh B-NP B-NP +. O O + +`` O O +When B-ADVP B-ADVP +stocks B-NP B-NP +stabilized B-VP B-VP +, O O +that B-NP B-NP +was B-VP B-VP +a B-NP B-NP +disappointment I-NP I-NP +. O O +'' O O + +Meanwhile B-ADVP B-ADVP +, O O +for B-PP B-PP +the B-NP B-NP +second I-NP I-NP +straight I-NP I-NP +day I-NP I-NP +, O O +the B-NP B-NP +bond I-NP I-NP +market I-NP I-NP +paid B-VP B-VP +little B-NP B-NP +attention I-NP I-NP +to B-PP B-PP +the B-NP B-NP +Federal I-NP I-NP +Reserve I-NP I-NP +'s B-NP B-NP +open I-NP I-NP +market I-NP I-NP +operations I-NP I-NP +. O O + +Fed B-NP B-NP +officials I-NP I-NP +injected B-VP B-VP +more B-NP B-NP +cash I-NP I-NP +into B-PP B-PP +the B-NP B-NP +banking I-NP I-NP +system I-NP I-NP +by B-PP B-PP +arranging B-VP B-VP +$ B-NP B-NP +1.5 I-NP I-NP +billion I-NP I-NP +of B-PP B-PP +repurchase B-NP B-NP +agreements I-NP I-NP +during B-PP B-PP +the B-NP B-NP +usual I-NP I-NP +pre-noon I-NP I-NP +intervention I-NP I-NP +period I-NP I-NP +. O O + +The B-NP B-NP +move I-NP I-NP +was B-VP B-VP +meant I-VP I-VP +to I-VP I-VP +keep I-VP I-VP +a B-NP B-NP +lid I-NP I-NP +on B-PP B-PP +interest B-NP B-NP +rates I-NP I-NP +and O O +to B-VP B-VP +boost I-VP I-VP +investor B-NP B-NP +confidence I-NP I-NP +. O O + +`` O O +The B-NP B-NP +intervention I-NP I-NP +has B-VP B-VP +been I-VP I-VP +friendly B-ADJP B-ADJP +, O O +meaning B-VP B-VP +that B-SBAR B-SBAR +they B-NP B-NP +really B-ADVP B-ADVP +did B-VP B-VP +n't I-VP I-VP +have I-VP I-VP +to I-VP I-VP +do I-VP I-VP +it B-NP B-NP +, O O +'' O O +said B-VP B-VP +Maria B-NP B-NP +Fiorini I-NP I-NP +Ramirez I-NP I-NP +, O O +money-market B-NP B-NP +economist I-NP I-NP +at B-PP B-PP +Drexel B-NP B-NP +Burnham I-NP I-NP +Lambert I-NP I-NP +Inc I-NP I-NP +. O O + +She B-NP B-NP +said B-VP B-VP +a B-NP B-NP +more I-NP I-NP +aggressive I-NP I-NP +move I-NP I-NP +was B-VP B-VP +n't I-VP I-VP +needed I-VP I-VP +. O O + +The B-NP B-NP +Fed I-NP I-NP +also B-ADVP B-ADVP +appears B-VP B-VP +reluctant B-ADJP B-ADJP +to B-VP B-VP +ease I-VP I-VP +credit B-NP B-NP +conditions I-NP I-NP +further B-ADVP B-ADVP +. O O + +It B-NP B-NP +already B-ADVP B-ADVP +has B-VP B-VP +allowed I-VP I-VP +the B-NP B-NP +closely I-NP I-NP +watched I-NP I-NP +federal I-NP I-NP +funds I-NP I-NP +rate I-NP I-NP +to B-VP B-VP +decline I-VP I-VP +1\/4 B-NP B-NP +percentage I-NP I-NP +point I-NP I-NP +to B-PP B-PP +about B-NP B-NP +8 I-NP I-NP +3\/4 I-NP I-NP +% I-NP I-NP +from B-PP B-PP +its B-NP B-NP +previous I-NP I-NP +target I-NP I-NP +level I-NP I-NP +of B-PP B-PP +about B-NP B-NP +9 I-NP I-NP +% I-NP I-NP +. O O + +The B-NP B-NP +rate I-NP I-NP +, O O +which B-NP B-NP +banks B-NP B-NP +charge B-VP B-VP +each B-NP B-NP +other I-NP I-NP +on B-PP B-PP +overnight B-NP B-NP +loans I-NP I-NP +, O O +is B-VP B-VP +considered I-VP I-VP +an B-NP B-NP +early I-NP I-NP +signal I-NP I-NP +of B-PP B-PP +changes B-NP B-NP +in B-PP B-PP +Fed B-NP B-NP +policy I-NP I-NP +. O O + +It B-NP B-NP +ended B-VP B-VP +at B-PP B-PP +about B-NP B-NP +8 I-NP I-NP +11\/16 I-NP I-NP +% I-NP I-NP +yesterday B-NP B-NP +, O O +but O O +was B-VP B-VP +as B-ADJP B-ADJP +low I-ADJP I-ADJP +as B-PP B-PP +8 B-NP B-NP +1\/2 I-NP I-NP +% I-NP I-NP +Monday B-NP B-NP +. O O + +The B-NP B-NP +Treasury I-NP I-NP +'s B-NP B-NP +benchmark I-NP I-NP +30-year I-NP I-NP +bond I-NP I-NP +fell B-VP B-VP +more B-NP B-NP +than I-NP I-NP +1\/2 I-NP I-NP +point I-NP I-NP +, O O +or O O +over B-NP B-NP +$ I-NP I-NP +5 I-NP I-NP +for B-PP B-PP +each B-NP B-NP +$ I-NP I-NP +1,000 I-NP I-NP +face I-NP I-NP +amount I-NP I-NP +, O O +while B-SBAR B-SBAR +the B-NP B-NP +yield I-NP I-NP +moved B-VP B-VP +above B-PP B-PP +8 B-NP B-NP +% I-NP I-NP +for B-PP B-PP +the B-NP B-NP +first I-NP I-NP +time I-NP I-NP +since B-PP B-PP +Thursday B-NP B-NP +. O O + +Investment-grade B-NP B-NP +corporate I-NP I-NP +, I-NP I-NP +municipal I-NP I-NP +and I-NP I-NP +mortgage-backed I-NP I-NP +securities I-NP I-NP +also B-ADVP B-ADVP +fell B-VP B-VP +. O O + +But O O +most B-NP B-NP +junk I-NP I-NP +bonds I-NP I-NP +closed B-VP B-VP +unchanged B-ADJP B-ADJP +after B-PP B-PP +opening B-VP B-VP +slightly B-ADJP B-ADJP +higher I-ADJP I-ADJP +on B-PP B-PP +bargain-hunting B-NP B-NP +by B-PP B-PP +institutional B-NP B-NP +investors I-NP I-NP +. O O + +Some B-NP B-NP +so-called I-NP I-NP +high-quality I-NP I-NP +junk I-NP I-NP +issues I-NP I-NP +, O O +such B-PP B-PP +as I-PP I-PP +R.H. B-NP B-NP +Macy I-NP I-NP +& I-NP I-NP +Co. I-NP I-NP +'s B-NP B-NP +14 B-ADJP B-ADJP +1\/2 I-ADJP I-ADJP +% I-ADJP I-ADJP +subordinated B-NP B-NP +debentures I-NP I-NP +, O O +rose B-VP B-VP +. O O + +The B-NP B-NP +Macy I-NP I-NP +'s B-NP B-NP +issue I-NP I-NP +closed B-VP B-VP +up B-ADVP B-ADVP +about B-NP B-NP +one I-NP I-NP +point I-NP I-NP +at B-PP B-PP +a B-NP B-NP +bid I-NP I-NP +price I-NP I-NP +of B-PP B-PP +97 B-NP B-NP +. O O + +The B-NP B-NP +TVA I-NP I-NP +'s B-NP B-NP +public I-NP I-NP +debt I-NP I-NP +offering I-NP I-NP +was B-VP B-VP +its B-NP B-NP +first I-NP I-NP +in B-PP B-PP +15 B-NP B-NP +years I-NP I-NP +. O O + +Strong B-NP B-NP +investor I-NP I-NP +demand I-NP I-NP +prompted B-VP B-VP +it B-NP B-NP +to B-VP B-VP +boost I-VP I-VP +the B-NP B-NP +size I-NP I-NP +of B-PP B-PP +the B-NP B-NP +issue I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +3 I-NP I-NP +billion I-NP I-NP +. O O + +Traders B-NP B-NP +said B-VP B-VP +hedging B-NP B-NP +related B-VP B-VP +to B-PP B-PP +the B-NP B-NP +TVA I-NP I-NP +pricing I-NP I-NP +also B-ADVP B-ADVP +pressured B-VP B-VP +Treasury B-NP B-NP +bonds I-NP I-NP +. O O + +`` O O +Underwriters B-NP B-NP +of B-PP B-PP +the B-NP B-NP +TVA I-NP I-NP +bonds I-NP I-NP +reduced B-VP B-VP +their B-NP B-NP +market I-NP I-NP +risk I-NP I-NP +by B-PP B-PP +selling B-VP B-VP +Treasurys B-NP B-NP +to B-VP B-VP +cover I-VP I-VP +at B-ADVP B-ADVP +least I-ADVP I-ADVP +part B-NP B-NP +of B-PP B-PP +their B-NP B-NP +-LCB- I-NP I-NP +TVA I-NP I-NP +-RCB- I-NP I-NP +holdings I-NP I-NP +, O O +'' O O +said B-VP B-VP +James B-NP B-NP +R. I-NP I-NP +Capra I-NP I-NP +, O O +a B-NP B-NP +senior I-NP I-NP +vice I-NP I-NP +president I-NP I-NP +at B-PP B-PP +Shearson B-NP B-NP +Lehman I-NP I-NP +Government I-NP I-NP +Securities I-NP I-NP +Inc I-NP I-NP +. O O + +The B-NP B-NP +TVA I-NP I-NP +bonds I-NP I-NP +also B-ADVP B-ADVP +`` O O +served B-VP B-VP +to I-VP B-VP +remind I-VP I-VP +the B-NP B-NP +market I-NP I-NP +that B-SBAR B-SBAR +there B-NP B-NP +will B-VP B-VP +be I-VP I-VP +even B-NP B-NP +more I-NP I-NP +new I-NP I-NP +supply I-NP I-NP +, O O +'' O O +said B-VP B-VP +Lawrence B-NP B-NP +N. I-NP I-NP +Leuzzi I-NP I-NP +, O O +a B-NP B-NP +managing I-NP I-NP +director I-NP I-NP +at B-PP B-PP +S.G. B-NP B-NP +Warburg I-NP I-NP +Securities I-NP I-NP +& I-NP I-NP +Co I-NP I-NP +. O O + +Today B-NP B-NP +the B-NP B-NP +Treasury I-NP I-NP +will B-VP B-VP +announce I-VP I-VP +the B-NP B-NP +size I-NP I-NP +of B-PP B-PP +its B-NP B-NP +next I-NP I-NP +two-year I-NP I-NP +note I-NP I-NP +sale I-NP I-NP +and O O +Resolution B-NP B-NP +Funding I-NP I-NP +Corp. I-NP I-NP +will B-VP B-VP +announce I-VP I-VP +details B-NP B-NP +of B-PP B-PP +its B-NP B-NP +first I-NP I-NP +bond I-NP I-NP +offering I-NP I-NP +. O O + +Some B-NP B-NP +traders I-NP I-NP +estimate B-VP B-VP +$ B-NP B-NP +9.75 I-NP I-NP +billion I-NP I-NP +of B-PP B-PP +new B-NP B-NP +two-year I-NP I-NP +Treasurys I-NP I-NP +will B-VP B-VP +be I-VP I-VP +sold I-VP I-VP +next B-NP B-NP +week I-NP I-NP +, O O +and O O +they B-NP B-NP +expect B-VP B-VP +Refcorp B-NP B-NP +to B-VP B-VP +offer I-VP I-VP +$ B-NP B-NP +4 I-NP I-NP +billion I-NP I-NP +to I-NP O +$ I-NP B-NP +6 I-NP I-NP +billion I-NP I-NP +of B-PP B-PP +long-term B-NP B-NP +`` I-NP I-NP +bailout I-NP I-NP +'' I-NP I-NP +bonds I-NP I-NP +. O O + +Refcorp B-NP B-NP +was B-VP B-VP +created I-VP I-VP +to B-VP B-VP +help I-VP I-VP +fund I-VP I-VP +the B-NP B-NP +thrift I-NP I-NP +bailout I-NP I-NP +. O O + +Another B-NP B-NP +agency I-NP I-NP +issue I-NP I-NP +came B-VP B-VP +to B-PP B-PP +market B-NP B-NP +yesterday B-NP B-NP +. O O + +The B-NP B-NP +Office I-NP I-NP +of B-PP B-PP +Finance B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Federal I-NP I-NP +Home I-NP I-NP +Loan I-NP I-NP +Banks I-NP I-NP +said B-VP B-VP +it B-NP B-NP +priced B-VP B-VP +a B-NP B-NP +four-part I-NP I-NP +$ I-NP I-NP +2.27 I-NP I-NP +billion I-NP I-NP +bond I-NP I-NP +offering I-NP I-NP +for B-SBAR B-PP +the B-NP B-NP +banks I-NP I-NP +to B-VP B-VP +yield I-VP I-VP +from B-NP B-PP +8.125 I-NP B-NP +% I-NP I-NP +to I-NP B-PP +8.375 I-NP B-NP +% I-NP I-NP +. O O + +The B-NP B-NP +release I-NP I-NP +of B-PP B-PP +several B-NP B-NP +economic I-NP I-NP +reports I-NP I-NP +had B-VP B-VP +little B-NP B-NP +impact I-NP I-NP +on B-PP B-PP +the B-NP B-NP +market I-NP I-NP +, O O +including B-PP B-PP +a B-NP B-NP +report I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +U.S. I-NP I-NP +trade I-NP I-NP +deficit I-NP I-NP +expanded B-VP B-VP +to B-PP B-PP +a B-NP B-NP +surprisingly I-NP I-NP +wide I-NP I-NP +$ I-NP I-NP +10.77 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +August B-NP B-NP +, O O +up B-ADVP B-ADVP +from B-PP B-PP +a B-NP B-NP +revised I-NP I-NP +$ I-NP I-NP +8.24 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +July B-NP B-NP +. O O + +The B-NP B-NP +August I-NP I-NP +gap I-NP I-NP +was B-VP B-VP +expected I-VP I-VP +to I-VP I-VP +have I-VP I-VP +expanded I-VP I-VP +to B-PP B-PP +$ B-NP B-NP +9.1 I-NP I-NP +billion I-NP I-NP +. O O + +Treasury B-NP B-NP +Securities I-NP I-NP + +Treasury B-NP B-NP +securities I-NP I-NP +were B-VP B-VP +essentially B-ADJP B-ADJP +flat I-ADJP I-ADJP +to B-PP B-PP +about B-NP B-NP +1\/2 I-NP I-NP +point I-NP I-NP +lower B-ADJP B-ADJP +. O O + +The B-NP B-NP +benchmark I-NP I-NP +30-year I-NP I-NP +bond I-NP I-NP +was B-VP B-VP +quoted I-VP I-VP +late B-ADVP B-ADVP +at B-PP B-PP +100 B-NP B-NP +28\/32 I-NP I-NP +to B-VP B-VP +yield I-VP I-VP +8.04 B-NP B-NP +% I-NP I-NP +, O O +compared B-PP B-PP +with B-PP B-PP +101 B-NP B-NP +19\/32 I-NP I-NP +to B-VP B-VP +yield I-VP I-VP +7.97 B-NP B-NP +% I-NP I-NP +Monday B-NP B-NP +. O O + +The B-NP B-NP +latest I-NP I-NP +10-year I-NP I-NP +notes I-NP I-NP +were B-VP B-VP +quoted I-VP I-VP +late B-ADVP B-ADVP +at B-PP B-PP +99 B-NP B-NP +25\/32 I-NP I-NP +to B-VP B-VP +yield I-VP I-VP +8.01 B-NP B-NP +% I-NP I-NP +, O O +compared B-PP B-PP +with B-PP B-PP +100 B-NP B-NP +1\/32 I-NP I-NP +to B-VP B-VP +yield I-VP I-VP +7.97 B-NP B-NP +% I-NP I-NP +. O O + +Short-term B-NP B-NP +rates I-NP I-NP +increased B-VP B-VP +. O O + +The B-NP B-NP +discount I-NP I-NP +rate I-NP I-NP +on B-PP B-PP +three-month B-NP B-NP +bills I-NP I-NP +rose B-VP B-VP +to B-PP B-PP +7.52 B-NP B-NP +% I-NP I-NP +for B-PP B-PP +a B-NP B-NP +bond-equivalent I-NP I-NP +yield I-NP I-NP +of B-PP B-PP +7.75 B-NP B-NP +% I-NP I-NP +. O O + +The B-NP B-NP +rate I-NP I-NP +on B-PP B-PP +six-month B-NP B-NP +bills I-NP I-NP +rose B-VP B-VP +to B-PP B-PP +7.53 B-NP B-NP +% I-NP I-NP +for B-PP B-PP +a B-NP B-NP +bond-equivalent I-NP I-NP +yield I-NP I-NP +of B-PP B-PP +7.92 B-NP B-NP +% I-NP I-NP +. O O + +Corporate B-NP B-NP +, I-NP O +Other I-NP B-NP +Issues I-NP I-NP + +Investment-grade B-NP B-NP +corporate I-NP I-NP +bonds I-NP I-NP +ended B-VP B-VP +1\/4 B-NP B-NP +to I-NP I-NP +1\/2 I-NP I-NP +point I-NP I-NP +lower B-ADJP B-ADJP +, O O +while B-SBAR B-SBAR +most B-NP B-NP +junk I-NP I-NP +bonds I-NP I-NP +ended B-VP B-VP +unchanged B-ADJP B-ADJP +. O O + +The B-NP B-NP +TVA I-NP I-NP +'s B-NP B-NP +huge O O +$ B-ADJP B-ADJP +4 O O +billion O O +offering B-NP B-NP +dominated B-VP B-VP +attention B-NP B-NP +in B-PP B-PP +the B-NP B-NP +new-issue I-NP I-NP +market I-NP I-NP +. O O + +TVA B-NP B-NP +offered B-VP B-VP +$ B-NP B-NP +2 I-NP I-NP +billion I-NP I-NP +of B-PP B-PP +30-year B-NP B-NP +bonds I-NP I-NP +priced B-VP B-VP +to I-VP B-VP +yield I-VP I-VP +9.06 B-NP B-NP +% I-NP I-NP +; O O +$ B-NP B-NP +1 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +10-year B-NP B-NP +notes I-NP I-NP +priced B-VP B-VP +to I-VP B-VP +yield I-VP I-VP +8.42 B-NP B-NP +% I-NP I-NP +; O O +and O O +$ B-NP B-NP +1 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +five-year B-NP B-NP +notes I-NP I-NP +priced B-VP B-VP +to I-VP B-VP +yield I-VP I-VP +8.33 B-NP B-NP +% I-NP I-NP +. O O + +The B-NP B-NP +TVA I-NP I-NP +, O O +which B-NP B-NP +operates B-VP B-VP +one B-NP B-NP +of B-PP B-PP +the B-NP B-NP +nation I-NP I-NP +'s B-NP B-NP +largest I-NP I-NP +electric I-NP I-NP +power I-NP I-NP +systems I-NP I-NP +, O O +is B-VP B-VP +a B-NP B-NP +corporation I-NP I-NP +wholly B-VP B-VP +owned I-VP I-VP +by B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +government I-NP I-NP +. O O + +Yesterday B-NP B-NP +'s B-NP B-NP +bond I-NP I-NP +sale I-NP I-NP +was B-VP B-VP +part B-NP B-NP +of B-PP B-PP +a B-NP B-NP +$ I-NP I-NP +6.7 I-NP I-NP +billion I-NP I-NP +refinancing I-NP I-NP +plan I-NP I-NP +to B-VP B-VP +pay I-VP I-VP +off B-PRT B-PRT +high-interest B-NP B-NP +debt I-NP I-NP +the B-NP B-NP +TVA I-NP I-NP +owes B-VP B-VP +the B-NP B-NP +Federal I-NP I-NP +Financing I-NP I-NP +Bank I-NP I-NP +, O O +an B-NP B-NP +arm I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Treasury I-NP I-NP +. O O + +Meanwhile B-ADVP B-ADVP +, O O +Lockheed B-NP B-NP +Corp. I-NP I-NP +priced B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +300 I-NP I-NP +million I-NP I-NP +note I-NP I-NP +offering I-NP I-NP +to B-VP B-VP +yield I-VP I-VP +9.39 B-NP B-NP +% I-NP I-NP +. O O + +Mortgage-Backed B-NP B-NP +Securities I-NP I-NP + +The B-NP B-NP +derivative I-NP I-NP +mortgage-backed I-NP I-NP +market I-NP I-NP +revived B-VP B-VP +after B-PP B-PP +a B-NP B-NP +brief I-NP I-NP +hiatus I-NP I-NP +as B-SBAR B-SBAR +two B-NP B-NP +new I-NP I-NP +Remics I-NP I-NP +totaling B-VP B-VP +$ B-NP B-NP +850 I-NP I-NP +million I-NP I-NP +were B-VP B-VP +offered I-VP I-VP +and O O +talk B-NP B-NP +circulated B-VP B-VP +about B-PP B-PP +two B-NP B-NP +more I-NP I-NP +issues I-NP I-NP +that B-NP B-NP +could B-VP B-VP +be I-VP I-VP +priced I-VP I-VP +today B-NP B-NP +. O O + +The B-NP B-NP +revival I-NP I-NP +of B-PP B-PP +the B-NP B-NP +real I-NP I-NP +estate I-NP I-NP +mortgage I-NP I-NP +investment I-NP I-NP +conduit I-NP I-NP +market I-NP I-NP +reflected B-VP B-VP +the B-NP B-NP +relative I-NP I-NP +calm I-NP I-NP +in B-PP B-PP +the B-NP B-NP +mortgage I-NP I-NP +market I-NP I-NP +after B-PP B-PP +two B-NP B-NP +days I-NP I-NP +of B-PP B-PP +volatile B-NP B-NP +trading I-NP I-NP +. O O + +Dealers B-NP B-NP +noted B-VP B-VP +that B-SBAR B-SBAR +it B-NP B-NP +'s B-VP B-VP +difficult B-ADJP B-ADJP +to B-VP B-VP +structure I-VP I-VP +new B-NP B-NP +Remics I-NP I-NP +when B-ADVP B-ADVP +prices B-NP B-NP +are B-VP B-VP +moving I-VP I-VP +widely B-ADVP B-ADVP +. O O + +The B-NP B-NP +two I-NP I-NP +Remics I-NP I-NP +priced B-VP B-VP +were B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +500 I-NP I-NP +million I-NP I-NP +Federal I-NP I-NP +Home I-NP I-NP +Loan I-NP I-NP +Mortgage I-NP I-NP +Corp. I-NP I-NP +issue I-NP I-NP +underwritten B-VP B-VP +by B-PP B-PP +Salomon B-NP B-NP +Brothers I-NP I-NP +Inc. I-NP I-NP +and O O +a B-NP B-NP +$ I-NP I-NP +350 I-NP I-NP +million I-NP I-NP +Federal I-NP I-NP +National I-NP I-NP +Mortgage I-NP I-NP +Association I-NP I-NP +deal I-NP I-NP +underwritten B-VP B-VP +by B-PP B-PP +Greenwich B-NP B-NP +Capital I-NP I-NP +Markets I-NP I-NP +. O O + +The B-NP B-NP +Remic I-NP I-NP +issuance I-NP I-NP +supported B-VP B-VP +prices B-NP B-NP +of B-PP B-PP +Freddie B-NP B-NP +Mac I-NP I-NP +and O O +Fannie B-NP B-NP +Mae I-NP I-NP +securities I-NP I-NP +, O O +which B-NP B-NP +held B-VP B-VP +up B-PRT B-PRT +better B-ADVP B-ADVP +than B-PP B-PP +Government B-NP B-NP +National I-NP I-NP +Mortgage I-NP I-NP +Association I-NP I-NP +securities I-NP I-NP +during B-PP B-PP +an B-NP B-NP +afternoon I-NP I-NP +sell-off I-NP I-NP +. O O + +Ginnie B-NP B-NP +Mae I-NP I-NP +9 I-NP I-NP +% I-NP I-NP +securities I-NP I-NP +for B-PP B-PP +November B-NP B-NP +delivery I-NP I-NP +ended B-VP B-VP +at B-PP B-PP +97 B-NP B-NP +29\/32 I-NP I-NP +, O O +down B-ADVP B-ADVP +7\/32 B-NP B-NP +; O O +9 B-NP B-NP +1\/2 I-NP I-NP +% I-NP I-NP +securities I-NP I-NP +at B-PP B-PP +99 B-NP B-NP +31\/32 I-NP I-NP +, O O +down B-ADVP B-ADVP +6\/32 B-NP B-NP +; O O +and O O +10 B-NP B-NP +% I-NP I-NP +securities I-NP I-NP +at B-PP B-PP +101 B-NP B-NP +29\/32 I-NP I-NP +, O O +down B-ADVP B-ADVP +5\/32 B-NP B-NP +. O O + +Freddie B-NP B-NP +Mac I-NP I-NP +9 I-NP I-NP +% I-NP I-NP +securities I-NP I-NP +were B-VP B-VP +at B-PP B-PP +97 B-NP B-NP +5\/32 I-NP I-NP +, O O +down B-ADVP B-ADVP +3\/32 B-NP B-NP +. O O + +The B-NP B-NP +Ginnie I-NP I-NP +Mae I-NP I-NP +9 I-NP I-NP +% I-NP I-NP +issue I-NP I-NP +was B-VP B-VP +yielding I-VP I-VP +9.43 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +a B-NP B-NP +12-year I-NP I-NP +average I-NP I-NP +life I-NP I-NP +assumption I-NP I-NP +, O O +as B-SBAR B-SBAR +the B-NP B-NP +spread I-NP I-NP +above B-PP B-PP +the B-NP B-NP +Treasury I-NP I-NP +10-year I-NP I-NP +note I-NP I-NP +held B-VP B-VP +at B-PP B-PP +1.42 B-NP B-NP +percentage I-NP I-NP +points I-NP I-NP +. O O + +Municipals B-NP B-NP + +Confusion B-NP B-NP +over B-PP B-PP +the B-NP B-NP +near-term I-NP I-NP +trend I-NP I-NP +for B-PP B-PP +rates B-NP B-NP +dominated B-VP B-VP +the B-NP B-NP +municipal I-NP I-NP +arena I-NP I-NP +, O O +as B-SBAR B-SBAR +gyrations B-NP B-NP +in B-PP B-PP +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +continued B-VP B-VP +to I-VP I-VP +buffet I-VP I-VP +bonds B-NP B-NP +. O O + +Long B-NP B-NP +tax-exempt I-NP I-NP +dollar I-NP I-NP +bonds I-NP I-NP +were B-VP B-VP +mostly B-ADJP B-ADJP +flat I-ADJP I-ADJP +to B-PP B-PP +3\/8 B-NP B-NP +point I-NP I-NP +lower B-ADJP B-ADVP +after B-PP B-PP +a B-NP B-NP +whipsaw I-NP I-NP +session I-NP I-NP +of B-PP B-PP +moving B-VP B-VP +inversely B-ADVP B-ADVP +to B-PP B-PP +stocks B-NP B-NP +in B-PP B-PP +modest B-NP B-NP +dealer-led I-NP I-NP +trading I-NP I-NP +. O O + +Prices B-NP B-NP +of B-PP B-PP +pre-refunded B-NP B-NP +municipal I-NP I-NP +bonds I-NP I-NP +were B-VP B-VP +capped I-VP I-VP +by B-PP B-PP +news B-NP B-NP +that B-SBAR B-SBAR +Chemical B-NP B-NP +Securities I-NP I-NP +Inc. I-NP I-NP +, O O +as B-PP B-PP +agent B-NP B-NP +for B-PP B-PP +a B-NP B-NP +customer I-NP I-NP +, O O +will B-VP B-VP +accept I-VP I-VP +bids B-NP B-NP +today B-NP B-NP +for B-PP B-PP +two B-NP B-NP +large I-NP I-NP +lists I-NP I-NP +of B-PP B-PP +bonds B-NP B-NP +that B-NP B-NP +include B-VP B-VP +many B-NP B-NP +such I-NP I-NP +issues I-NP I-NP +. O O + +The B-NP B-NP +lists I-NP I-NP +total B-VP B-VP +$ B-NP B-NP +654.5 I-NP I-NP +million I-NP I-NP +. O O + +Pre-refunded B-NP B-NP +bonds I-NP I-NP +are B-VP B-VP +called I-VP I-VP +at B-PP B-PP +their B-NP B-NP +earliest I-NP I-NP +call I-NP I-NP +date I-NP I-NP +with B-PP B-PP +the B-NP B-NP +escrowed I-NP I-NP +proceeds I-NP I-NP +of B-PP B-PP +another B-NP B-NP +bond I-NP I-NP +issue I-NP I-NP +. O O + +Meanwhile B-ADVP B-ADVP +, O O +several B-NP B-NP +new I-NP I-NP +issues I-NP I-NP +were B-VP B-VP +priced I-VP I-VP +. O O + +Underwriters B-NP B-NP +led B-VP B-VP +by B-PP B-PP +PaineWebber B-NP B-NP +Inc. I-NP I-NP +set B-VP B-VP +preliminary B-NP B-NP +pricing I-NP I-NP +for B-PP B-PP +$ B-NP B-NP +144.4 I-NP I-NP +million I-NP I-NP +of B-PP B-PP +California B-NP B-NP +Health I-NP I-NP +Facilities I-NP I-NP +Financing I-NP I-NP +Authority I-NP I-NP +revenue I-NP I-NP +bonds I-NP I-NP +for B-PP B-PP +Kaiser B-NP B-NP +Permanente I-NP I-NP +. O O + +Tentative B-NP B-NP +reoffering I-NP I-NP +yields I-NP I-NP +were B-VP B-VP +set I-VP I-VP +from B-PP B-PP +6.25 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +1993 B-NP B-NP +to B-PP B-PP +7.227 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +2018 B-NP B-NP +. O O + +As B-PP B-PP +part B-NP B-NP +of B-PP B-PP +its B-NP B-NP +College I-NP I-NP +Savings I-NP I-NP +Plan I-NP I-NP +, O O +Connecticut B-NP B-NP +offered B-VP B-VP +$ B-NP B-NP +100.4 I-NP I-NP +million I-NP I-NP +of B-PP B-PP +general B-NP B-NP +obligation I-NP I-NP +capital I-NP I-NP +appreciation I-NP I-NP +bonds I-NP I-NP +priced B-VP B-VP +to I-VP B-VP +yield I-VP I-VP +to B-PP B-PP +maturity B-NP B-NP +from B-PP B-PP +6.25 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +1994 B-NP B-NP +to B-PP B-PP +6.90 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +2006 B-NP B-NP +, I-NP I-NP +2007 I-NP I-NP +and I-NP I-NP +2009 I-NP I-NP +. O O + +A B-NP B-NP +Chemical I-NP I-NP +Securities I-NP I-NP +group I-NP I-NP +won B-VP B-VP +a O B-NP +$ O I-NP +100 O I-NP +million O I-NP +Oregon O I-NP +general O I-NP +obligation O I-NP +veterans B-NP I-NP +' B-NP B-NP +tax I-NP I-NP +note I-NP I-NP +issue I-NP I-NP +due B-ADJP B-ADJP +Nov. B-NP B-NP +1 I-NP I-NP +, I-NP I-NP +1990 I-NP I-NP +. O O + +The B-NP B-NP +6 I-NP I-NP +3\/4 I-NP I-NP +% I-NP I-NP +notes I-NP I-NP +yield B-VP B-VP +6.25 B-NP B-NP +% I-NP I-NP +. O O + +Foreign B-NP B-NP +Bonds I-NP I-NP + +West B-NP B-NP +German I-NP I-NP +government I-NP I-NP +bond I-NP I-NP +prices I-NP I-NP +took B-VP B-VP +a B-NP B-NP +wild I-NP I-NP +roller-coaster I-NP I-NP +ride I-NP I-NP +, O O +pulled B-VP B-VP +down B-ADVP B-ADVP +by B-PP B-PP +Monday B-NP B-NP +'s B-NP B-NP +U.S. I-NP I-NP +stock I-NP I-NP +market I-NP I-NP +gains I-NP I-NP +then B-ADVP B-ADVP +up B-ADVP B-ADVP +by B-PP B-PP +a B-NP B-NP +wider-than-expected I-NP I-NP +U.S. I-NP I-NP +trade I-NP I-NP +deficit I-NP I-NP +and O O +falling B-NP B-NP +U.S. I-NP I-NP +stock I-NP I-NP +prices I-NP I-NP +. O O + +West B-NP B-NP +Germany I-NP I-NP +'s B-NP B-NP +7 B-ADJP B-ADJP +% I-ADJP I-ADJP +bond B-NP B-NP +due B-ADJP B-ADJP +October B-NP B-NP +1999 I-NP I-NP +was B-VP B-VP +at B-PP B-PP +99.95 B-NP B-NP +late B-NP B-NP +yesterday I-NP I-NP +, O O +off B-PP B-ADVP +0.10 B-NP B-NP +point I-NP I-NP +from B-PP B-PP +Monday B-NP B-NP +, O O +to B-VP B-VP +yield I-VP I-VP +7.01 B-NP B-NP +% I-NP I-NP +. O O + +The B-NP B-NP +6 I-NP I-NP +3\/4 I-NP I-NP +% I-NP I-NP +notes I-NP I-NP +due B-ADJP B-ADJP +April B-NP B-NP +1994 I-NP I-NP +were B-VP B-VP +up B-ADVP B-ADVP +0.10 B-NP B-NP +point I-NP I-NP +to B-PP B-PP +97.85 B-NP B-NP +to B-VP B-VP +yield I-VP I-VP +7.31 B-NP B-NP +% I-NP I-NP +. O O + +British B-NP B-NP +government I-NP I-NP +bonds I-NP I-NP +surged B-VP B-VP +on B-PRT B-PP +renewed B-NP B-NP +volatility I-NP I-NP +in B-PP B-PP +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +. O O + +The B-NP B-NP +Treasury I-NP I-NP +11 I-NP I-NP +3\/4 I-NP I-NP +% I-NP I-NP +bond I-NP I-NP +due B-ADJP B-ADJP +2003\/2007 B-NP B-NP +rose B-VP B-VP +23\/32 B-NP B-NP +to B-PP B-PP +112 B-NP B-NP +10\/32 I-NP I-NP +to B-VP B-VP +yield I-VP I-VP +10.03 B-NP B-NP +% I-NP I-NP +. O O + +But O O +Japanese B-NP B-NP +bonds I-NP I-NP +ended B-VP B-VP +weaker B-ADJP B-ADJP +. O O + +The B-NP B-NP +benchmark I-NP I-NP +No. I-NP I-NP +111 I-NP I-NP +4.6 I-NP I-NP +% I-NP I-NP +bond I-NP I-NP +due B-ADJP B-ADJP +1998 B-NP B-NP +ended B-VP B-VP +on B-PP B-PP +brokers B-NP B-NP +' B-NP B-NP +screens I-NP I-NP +at B-PP B-PP +a B-NP B-NP +price I-NP I-NP +of B-PP B-PP +96 B-NP B-NP +, O O +off B-ADVP B-ADVP +0.15 B-NP B-NP +point I-NP I-NP +to B-VP B-VP +yield I-VP I-VP +5.27 B-NP B-NP +% I-NP I-NP +. O O + +A B-NP B-NP +House-Senate I-NP I-NP +conference I-NP I-NP +approved B-VP B-VP +an B-NP B-NP +estimated I-NP I-NP +$ I-NP I-NP +67 I-NP I-NP +billion I-NP I-NP +fiscal I-NP I-NP +1990 I-NP I-NP +spending I-NP I-NP +bill I-NP I-NP +that B-NP B-NP +provides B-VP B-VP +a B-NP B-NP +28 I-NP I-NP +% I-NP I-NP +increase I-NP I-NP +for B-PP B-PP +space B-NP B-NP +research I-NP I-NP +and I-NP I-NP +development I-NP I-NP +and O O +incorporates B-VP B-VP +far-reaching B-NP B-NP +provisions I-NP I-NP +affecting B-VP B-VP +the B-NP B-NP +federal I-NP I-NP +mortgage I-NP I-NP +market I-NP I-NP +. O O + +The B-NP B-NP +current I-NP I-NP +ceiling I-NP I-NP +on B-PP B-PP +home B-NP B-NP +loans I-NP I-NP +insured B-VP B-VP +by B-PP B-PP +the B-NP B-NP +Federal I-NP I-NP +Housing I-NP I-NP +Administration I-NP I-NP +would B-VP B-VP +be I-VP I-VP +increased I-VP I-VP +to B-PP B-PP +$ B-NP B-NP +124,875 I-NP I-NP +. O O + +Separately B-ADVP B-ADVP +, O O +the B-NP B-NP +bill I-NP I-NP +gives B-VP B-VP +authority B-NP B-NP +to B-PP B-PP +the B-NP B-NP +Bush I-NP I-NP +administration I-NP I-NP +to B-VP B-VP +facilitate B-VP I-VP +the B-NP B-NP +refinancing I-NP I-NP +of B-PP B-PP +federally B-NP B-NP +subsidized I-NP I-NP +loans I-NP I-NP +for B-PP B-PP +low-income B-NP B-NP +and I-NP I-NP +moderate-income I-NP I-NP +homeowners I-NP I-NP +. O O + +The B-NP B-NP +second I-NP I-NP +provision I-NP I-NP +, O O +affecting B-VP B-VP +so-called B-NP B-NP +235 I-NP I-NP +mortgages I-NP I-NP +, O O +has B-VP B-VP +met I-VP I-VP +strong B-NP B-NP +opposition I-NP I-NP +from B-PP B-PP +investment B-NP B-NP +bankers I-NP I-NP +represented B-VP B-VP +by B-PP B-PP +the B-NP B-NP +Public I-NP I-NP +Securities I-NP I-NP +Association I-NP I-NP +. O O + +And O O +a B-NP B-NP +squad I-NP I-NP +of B-PP B-PP +influential B-NP B-NP +former I-NP I-NP +Senate I-NP I-NP +aides I-NP I-NP +employed B-VP B-VP +by B-PP B-PP +the B-NP B-NP +Wall I-NP I-NP +Street I-NP I-NP +firm I-NP I-NP +Salomon I-NP B-NP +Brothers I-NP I-NP +came B-VP B-VP +to B-PP B-PP +the B-NP B-NP +Capitol I-NP I-NP +in B-PP B-PP +a B-NP B-NP +vain I-NP I-NP +attempt I-NP I-NP +to B-VP B-VP +strip I-VP I-VP +the B-NP B-NP +provision I-NP I-NP +. O O + +By B-PP B-PP +an B-NP B-NP +11-2 I-NP I-NP +margin I-NP I-NP +, O O +Senate B-NP B-NP +negotiators I-NP I-NP +voted B-VP B-VP +to I-VP I-VP +preserve I-VP I-VP +the B-NP B-NP +235 I-NP I-NP +mortgage I-NP I-NP +refinancing I-NP I-NP +plan I-NP I-NP +, O O +and O O +despite B-PP B-PP +powerful B-NP B-NP +allies I-NP I-NP +, O O +the B-NP B-NP +opposition I-NP I-NP +found B-VP B-VP +itself B-NP B-NP +undercut B-ADJP B-ADJP +by B-PP B-PP +an B-NP B-NP +unusual I-NP I-NP +alliance I-NP I-NP +of B-PP B-PP +liberals B-NP B-NP +and I-NP I-NP +conservatives I-NP I-NP +. O O + +The B-NP B-NP +government I-NP I-NP +currently B-ADVP B-ADVP +is B-VP B-VP +subsidizing I-VP I-VP +an B-NP B-NP +estimated I-NP I-NP +23,000 I-NP I-NP +loans I-NP I-NP +above B-PP B-PP +11 B-NP B-NP +% I-NP I-NP +under B-PP B-PP +the B-NP B-NP +235 I-NP I-NP +program I-NP I-NP +, O O +and O O +however B-ADJP B-ADJP +disruptive I-ADJP I-ADJP +to B-PP B-PP +private B-NP B-NP +investors I-NP I-NP +, O O +the B-NP B-NP +refinancing I-NP I-NP +is B-VP B-VP +expected I-VP I-VP +to I-VP I-VP +yield I-VP I-VP +at B-NP B-NP +least I-NP I-NP +$ I-NP I-NP +15 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +savings B-NP B-NP +in B-PP B-PP +fiscal B-NP B-NP +1990 I-NP I-NP +. O O + +This B-NP B-NP +sum I-NP I-NP +has B-VP B-VP +been I-VP I-VP +guarded I-VP I-VP +jealously B-ADVP B-ADVP +by B-PP B-PP +appropriators B-NP B-NP +anxious B-ADJP B-ADJP +to B-VP B-VP +offset I-VP I-VP +spending B-NP B-NP +elsewhere B-ADVP B-ADVP +, O O +and O O +conservative B-NP B-NP +Sen. I-NP I-NP +Phil I-NP I-NP +Gramm I-NP I-NP +cast B-VP B-VP +the B-NP B-NP +fight I-NP I-NP +as B-PP B-PP +a B-NP B-NP +populist I-NP I-NP +stand I-NP I-NP +against B-PP B-PP +monied B-NP B-NP +interests I-NP I-NP +. O O + +`` O O +We B-NP B-NP +are B-VP B-VP +stewards B-NP B-NP +here B-ADVP B-ADVP +, O B-PP +not O I-PP +of B-PP B-PP +the B-NP B-NP +mortgage I-NP I-NP +companies I-NP I-NP +, B-PP O +but I-PP O +the B-NP B-NP +taxpayers I-NP I-NP +, O O +'' O O +said B-VP B-VP +the B-NP B-NP +Texas I-NP I-NP +Republican I-NP I-NP +. O O + +The B-NP B-NP +action I-NP I-NP +came B-VP B-VP +as B-SBAR B-SBAR +the B-NP B-NP +administration I-NP I-NP +won B-VP B-VP +final B-NP B-NP +congressional I-NP I-NP +approval I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +9 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +assistance B-NP B-NP +for B-PP B-PP +elections B-NP B-NP +scheduled B-VP B-VP +in B-PP B-PP +Nicaragua B-NP B-NP +in B-PP B-PP +February B-NP B-NP +. O O + +The B-NP B-NP +bulk I-NP I-NP +of B-PP B-PP +the B-NP B-NP +money I-NP I-NP +would B-VP B-VP +be I-VP I-VP +funneled I-VP I-VP +through B-PP B-PP +the B-NP B-NP +National I-NP I-NP +Endowment I-NP I-NP +for B-PP B-PP +Democracy B-NP B-NP +, O O +but O O +the B-NP B-NP +legislation I-NP I-NP +is B-VP B-VP +so B-ADJP I-VP +vaguely I-ADJP I-VP +written I-ADJP I-VP +that B-SBAR B-SBAR +it B-NP B-NP +has B-VP B-VP +been I-VP I-VP +dogged I-VP I-VP +by B-PP B-PP +questions B-NP B-NP +regarding B-VP B-PP +the B-NP B-NP +money I-NP I-NP +'s B-NP B-NP +true I-NP I-NP +purpose I-NP I-NP +and O O +its B-NP B-NP +ultimate I-NP I-NP +destination I-NP I-NP +. O O + +The B-NP B-NP +Senate I-NP I-NP +had B-VP B-VP +refused I-VP I-VP +late B-NP B-NP +Friday I-NP I-NP +to B-VP B-VP +invoke I-VP I-VP +cloture B-NP B-NP +and O O +limit B-VP B-VP +debate B-NP B-NP +, O O +but O O +behind B-PP B-PP +the B-NP B-NP +bipartisan I-NP I-NP +leadership I-NP I-NP +, O O +a B-NP B-NP +solid I-NP I-NP +majority I-NP I-NP +took B-VP B-VP +shape B-NP B-NP +yesterday B-NP B-NP +and O O +brushed B-VP B-VP +aside B-ADVP B-PRT +amendments B-NP B-NP +seeking B-VP B-VP +to I-VP I-VP +cut I-VP I-VP +the B-NP B-NP +total I-NP I-NP +package I-NP I-NP +or O O +steer B-VP B-VP +it B-NP B-NP +away B-ADVP B-ADVP +from B-PP B-PP +direct B-NP B-NP +aid I-NP I-NP +to B-PP B-PP +political B-NP B-NP +parties I-NP I-NP +. O O + +Final B-NP B-NP +approval I-NP I-NP +-- O O +on B-PP B-PP +a B-NP B-NP +64-35 I-NP I-NP +roll I-NP I-NP +call I-NP I-NP +-- O O +was B-VP B-VP +never B-ADVP B-ADVP +in B-PP B-PP +doubt B-NP B-NP +, O O +but O O +the B-NP B-NP +opposition I-NP I-NP +drew B-VP B-VP +an B-NP B-NP +unusual I-NP I-NP +mix I-NP I-NP +of B-PP B-PP +senators B-NP B-NP +, O O +including B-PP B-PP +Republicans B-NP B-NP +Jesse I-NP I-NP +Helms I-NP I-NP +and I-NP O +Warren I-NP B-NP +Rudman I-NP I-NP +and O O +Democrats B-NP B-NP +Bill I-NP I-NP +Bradley I-NP I-NP +and I-NP O +John I-NP B-NP +Glenn I-NP I-NP +. O O + +The B-NP B-NP +money I-NP I-NP +will B-VP B-VP +be I-VP I-VP +applied I-VP I-VP +for B-PP B-PP +voter B-NP B-NP +registration I-NP I-NP +and O O +election B-NP B-NP +monitoring I-NP I-NP +, O O +but O O +more B-NP B-NP +than I-NP I-NP +half I-NP I-NP +is B-VP B-VP +likely B-ADJP B-ADJP +to B-VP B-VP +go I-VP I-VP +to B-PP B-PP +the B-NP B-NP +Union I-NP I-NP +Nacional I-NP I-NP +Opositora I-NP I-NP +party I-NP I-NP +. O O + +Critics B-NP B-NP +warned B-VP B-VP +such B-NP B-NP +cash I-NP I-NP +contributions I-NP I-NP +may B-VP B-VP +only I-VP I-VP +undercut I-VP I-VP +the B-NP B-NP +opposition I-NP I-NP +party I-NP I-NP +'s B-NP B-NP +standing I-NP I-NP +, O O +and O O +one B-NP B-NP +irony I-NP I-NP +is B-VP B-VP +that O B-SBAR +under B-PP B-PP +Nicaraguan B-NP B-NP +law I-NP I-NP +a B-NP B-NP +major I-NP I-NP +portion I-NP I-NP +of B-PP B-PP +the B-NP B-NP +opposition I-NP I-NP +party I-NP I-NP +'s B-NP B-NP +funds I-NP I-NP +must B-VP B-VP +be I-VP I-VP +shared I-VP I-VP +with B-PP B-PP +the B-NP B-NP +government I-NP I-NP +'s B-NP B-NP +Supreme I-NP I-NP +Electoral I-NP I-NP +Council I-NP I-NP +. O O + +Within B-PP B-PP +the B-NP B-NP +appropriations I-NP I-NP +conference I-NP I-NP +yesterday B-NP B-NP +, O O +the B-NP B-NP +$ I-NP I-NP +67 I-NP I-NP +billion I-NP I-NP +measure I-NP I-NP +is B-VP B-VP +the B-NP B-NP +second I-NP I-NP +largest I-NP I-NP +of B-PP B-PP +the B-NP B-NP +annual I-NP I-NP +domestic I-NP I-NP +spending I-NP I-NP +bills I-NP I-NP +and O O +covers B-VP B-VP +a B-NP B-NP +disparate I-NP I-NP +collection I-NP I-NP +of B-PP B-PP +accounts B-NP B-NP +for B-PP B-PP +science B-NP B-NP +, O O +housing B-NP B-NP +, O O +veterans B-NP B-NP +and O O +the B-NP B-NP +environment I-NP I-NP +. O O + +The B-NP B-NP +decision I-NP I-NP +to B-VP B-VP +raise I-VP I-VP +the B-NP B-NP +ceiling I-NP I-NP +on B-PP B-PP +FHA B-NP B-NP +home I-NP I-NP +loans I-NP I-NP +still B-ADVP B-ADVP +faces B-VP B-VP +strong B-NP B-NP +opposition I-NP I-NP +in B-PP B-PP +the B-NP B-NP +House I-NP I-NP +. O O + +But O O +it B-NP B-NP +is B-VP B-VP +driven I-VP I-VP +by B-PP B-PP +the B-NP B-NP +same I-NP I-NP +fiscal I-NP I-NP +pressures I-NP I-NP +that B-NP B-NP +have B-VP B-VP +forced I-VP I-VP +lawmakers B-NP B-NP +to B-VP B-VP +resort I-VP I-VP +to B-PP B-PP +various B-NP B-NP +bookkeeping I-NP I-NP +devices I-NP I-NP +to B-VP B-VP +juggle I-VP I-VP +as B-NP B-NP +much I-NP I-NP +as I-NP I-NP +$ I-NP I-NP +1 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +spending B-NP B-NP +that B-NP B-NP +would B-VP B-VP +otherwise I-VP I-VP +put I-VP I-VP +the B-NP B-NP +bill I-NP I-NP +over B-PP B-PP +budget B-NP B-NP +. O O + +These B-NP B-NP +costs I-NP I-NP +will B-VP B-VP +complicate I-VP I-VP +the B-NP B-NP +budget I-NP I-NP +picture I-NP I-NP +in B-PP B-PP +fiscal B-NP B-NP +1991 I-NP I-NP +, O O +and O O +the B-NP B-NP +measure I-NP I-NP +further B-VP B-ADVP +commits I-VP B-VP +Congress B-NP B-NP +to B-PP B-PP +a B-NP B-NP +set I-NP I-NP +of B-PP B-PP +costly B-NP B-NP +projects I-NP I-NP +, O O +including B-PP B-PP +the B-NP B-NP +first I-NP I-NP +construction I-NP I-NP +funds I-NP I-NP +for B-PP B-PP +the B-NP B-NP +space I-NP I-NP +station I-NP I-NP +. O O + +The B-NP B-NP +station I-NP I-NP +is B-VP B-VP +promised I-VP I-VP +$ B-NP B-NP +1.8 I-NP I-NP +billion I-NP I-NP +within B-PP B-PP +the B-NP B-NP +$ I-NP I-NP +5.36 I-NP I-NP +billion I-NP I-NP +provided B-VP B-VP +for B-PP B-PP +research B-NP B-NP +and I-NP I-NP +development I-NP I-NP +in B-PP B-PP +the B-NP B-NP +National I-NP I-NP +Aeronautics I-NP I-NP +and I-NP I-NP +Space I-NP I-NP +Administration I-NP I-NP +, O O +and O O +the B-NP B-NP +nation I-NP I-NP +'s B-NP B-NP +high-speed I-NP I-NP +aerospace I-NP I-NP +plane I-NP I-NP +-- O O +cut B-VP B-VP +by B-PP B-PP +the B-NP B-NP +Senate I-NP I-NP +-- O O +could B-VP B-VP +receive I-VP I-VP +as B-NP B-NP +much I-NP I-NP +as I-NP I-NP +$ I-NP I-NP +60 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +new B-NP B-NP +funds I-NP I-NP +or O I-NP +transfers B-NP I-NP +. O O + +Similarly B-ADVP B-ADVP +, O O +the B-NP B-NP +House I-NP I-NP +agreed B-VP B-VP +to I-VP I-VP +add I-VP I-VP +back B-ADVP B-ADVP +$ B-NP B-NP +62 I-NP I-NP +million I-NP I-NP +to B-VP B-VP +continue I-VP I-VP +work B-NP B-NP +on B-PP B-PP +the B-NP B-NP +advanced I-NP I-NP +communications I-NP I-NP +technology I-NP I-NP +satellite I-NP I-NP +, O O +being B-VP B-VP +developed I-VP I-VP +by B-PP B-PP +General B-NP B-NP +Electric I-NP I-NP +Co I-NP I-NP +. O O + +And O O +while B-SBAR B-SBAR +setting B-VP B-VP +a B-NP B-NP +statutory I-NP I-NP +limit I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +1.6 I-NP I-NP +billion I-NP I-NP +on B-PP B-PP +the B-NP B-NP +automated I-NP I-NP +space I-NP I-NP +probe I-NP I-NP +, O O +the B-NP B-NP +conference I-NP I-NP +appropriated B-VP B-VP +$ B-NP B-NP +30 I-NP I-NP +million I-NP I-NP +for B-PP B-PP +the B-NP B-NP +start-up I-NP I-NP +of B-PP B-PP +the B-NP B-NP +CRAF-Cassini I-NP I-NP +mission I-NP I-NP +, O O +a B-NP B-NP +successor I-NP I-NP +to B-PP B-PP +the B-NP B-NP +Voyager I-NP I-NP +space I-NP I-NP +probe I-NP I-NP +. O O + +Among B-PP B-PP +major B-NP B-NP +domestic I-NP I-NP +agencies I-NP I-NP +, O O +the B-NP B-NP +Environmental I-NP I-NP +Protection I-NP I-NP +Agency I-NP I-NP +stands B-VP B-VP +to I-VP I-VP +receive I-VP I-VP +increases B-NP B-NP +significantly B-ADVP B-ADVP +beyond B-PP B-PP +those B-NP B-NP +sought B-VP B-VP +by B-PP B-PP +the B-NP B-NP +administration I-NP I-NP +, O O +with B-PP B-PP +pollution B-NP B-NP +abatement I-NP I-NP +and I-NP O +control I-NP B-NP +accounts I-NP I-NP +growing B-VP B-VP +by B-PP B-PP +14 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +about B-NP B-NP +$ I-NP I-NP +829.9 I-NP I-NP +million I-NP I-NP +. O O + +An B-NP B-NP +estimated I-NP I-NP +$ I-NP I-NP +1.57 I-NP I-NP +billion I-NP I-NP +is B-VP B-VP +separately I-VP I-VP +allocated I-VP I-VP +for B-PP B-PP +the B-NP B-NP +National I-NP I-NP +Science I-NP I-NP +Foundation I-NP I-NP +, O B-PP +and O I-PP +within B-PP B-PP +the B-NP B-NP +Housing I-NP I-NP +and I-NP I-NP +Urban I-NP I-NP +Development I-NP I-NP +Department I-NP I-NP +, O O +more B-NP B-NP +than I-NP I-NP +$ I-NP I-NP +9.2 I-NP I-NP +billion I-NP I-NP +is B-VP B-VP +provided I-VP I-VP +for B-PP B-PP +federally B-NP B-NP +assisted I-NP I-NP +housing I-NP I-NP +, O O +including B-PP B-PP +an B-NP B-NP +expanded I-NP I-NP +effort I-NP I-NP +to B-VP B-VP +modernize I-VP I-VP +public B-NP B-NP +housing I-NP I-NP +units I-NP I-NP +that B-NP B-NP +serve B-VP B-VP +the B-NP B-NP +poorest I-NP I-NP +families I-NP I-NP +. O O + +To B-PP B-PP +an B-NP B-NP +unusual I-NP I-NP +degree I-NP I-NP +, O O +the B-NP B-NP +massive I-NP I-NP +bill I-NP I-NP +has B-VP B-VP +become I-VP I-VP +a B-NP B-NP +vehicle I-NP I-NP +for B-SBAR B-SBAR +lawmakers B-NP B-NP +to B-VP B-VP +earmark I-VP I-VP +funds B-NP B-NP +for B-PP B-PP +projects B-NP B-NP +in B-PP B-PP +home B-NP B-NP +states I-NP I-NP +. O O + +While B-SBAR B-SBAR +the B-NP B-NP +practice I-NP I-NP +was B-VP B-VP +discouraged I-VP I-VP +in B-PP B-PP +the B-NP B-NP +past I-NP I-NP +, O O +the B-NP B-NP +conference I-NP I-NP +agreement I-NP I-NP +is B-VP B-VP +laced I-VP B-ADJP +with B-PP B-PP +veterans B-NP B-NP +' B-NP B-NP +hospitals I-NP I-NP +, O O +environmental B-NP B-NP +projects I-NP I-NP +and O O +urban B-NP B-NP +grants I-NP I-NP +designated B-VP B-VP +for B-PP B-PP +specific B-NP B-NP +communities I-NP I-NP +. O O + +The B-NP B-NP +most I-NP I-NP +striking I-NP I-NP +example I-NP I-NP +yesterday B-NP B-NP +may B-VP B-VP +have I-VP I-VP +been I-VP I-VP +in B-PP B-PP +community B-NP B-NP +development I-NP I-NP +funds I-NP I-NP +, O O +where B-ADVP B-ADVP +the B-NP B-NP +two I-NP I-NP +houses I-NP I-NP +had B-VP B-VP +separately I-VP I-VP +approved I-VP I-VP +a B-NP B-NP +total I-NP I-NP +of B-PP B-PP +27 B-NP B-NP +projects I-NP I-NP +valued B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +20 I-NP I-NP +million I-NP I-NP +, O O +and O O +the B-NP B-NP +conference I-NP I-NP +added B-VP B-VP +15 B-NP B-NP +more I-NP I-NP +valued B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +8 I-NP I-NP +million I-NP I-NP +to B-VP B-VP +ostensibly I-VP I-VP +preserve I-VP I-VP +`` O O +balance B-NP B-NP +'' O O +between B-PP B-PP +the B-NP B-NP +House I-NP I-NP +and I-NP I-NP +Senate I-NP I-NP +. O O + +Yesterday B-NP B-NP +'s B-NP B-NP +conference I-NP I-NP +agreement I-NP I-NP +is B-VP B-VP +the B-NP B-NP +second I-NP I-NP +major I-NP I-NP +bill I-NP I-NP +to B-VP B-VP +emerge I-VP I-VP +from B-PP B-PP +negotiations B-NP B-NP +this B-NP B-NP +week I-NP I-NP +, O O +as B-SBAR B-SBAR +appropriators B-NP B-NP +approved B-VP B-VP +a B-NP B-NP +fiscal I-NP I-NP +1990 I-NP I-NP +transportation I-NP I-NP +bill I-NP I-NP +late B-NP B-NP +Monday I-NP I-NP +that B-NP B-NP +includes B-VP B-VP +a B-NP B-NP +sweeping I-NP I-NP +ban I-NP I-NP +on B-PP B-PP +smoking B-VP B-NP +on B-PP B-PP +most B-NP B-NP +domestic I-NP I-NP +airline I-NP I-NP +flights I-NP I-NP +. O O + +An B-NP B-NP +exemption I-NP I-NP +will B-VP B-VP +remain I-VP I-VP +for B-PP B-PP +flights B-NP B-NP +longer B-ADJP B-ADJP +than B-PP B-PP +six B-NP B-NP +hours I-NP I-NP +to B-PP B-PP +Hawaii B-NP B-NP +and I-NP I-NP +Alaska I-NP I-NP +, O O +but O O +estimates B-NP B-NP +by B-PP B-PP +the B-NP B-NP +tobacco I-NP I-NP +industry I-NP I-NP +yesterday B-NP B-NP +indicate B-VP B-VP +all B-NP B-NP +but I-NP O +about I-NP B-NP +30 I-NP I-NP +flights I-NP I-NP +would B-VP B-VP +be I-VP I-VP +covered I-VP I-VP +. O O + +Separately B-ADVP B-ADVP +, O O +a B-NP B-NP +third I-NP I-NP +conference I-NP I-NP +report I-NP I-NP +covering B-VP B-VP +an B-NP B-NP +$ I-NP I-NP +18.4 I-NP I-NP +billion I-NP I-NP +Treasury I-NP I-NP +and I-NP I-NP +Postal I-NP I-NP +Service I-NP I-NP +bill I-NP I-NP +was B-VP B-VP +sent I-VP I-VP +to B-PP B-PP +the B-NP B-NP +Senate I-NP I-NP +after B-PP B-PP +passing B-VP B-VP +the B-NP B-NP +House I-NP I-NP +on B-PP B-PP +a B-NP B-NP +383-30 I-NP I-NP +roll I-NP I-NP +call I-NP I-NP +yesterday B-NP B-NP +. O O + +And O O +after B-PP B-PP +weeks B-NP B-NP +of B-PP B-PP +delay B-NP B-NP +, O O +the B-NP B-NP +appropriations I-NP I-NP +process I-NP I-NP +is B-VP B-VP +beginning I-VP I-VP +to I-VP I-VP +take I-VP I-VP +some B-NP B-NP +final I-NP I-NP +shape I-NP I-NP +. O O + +Defense B-NP B-NP +and O I-NP +foreign B-NP I-NP +aid I-NP I-NP +are B-VP B-VP +the B-NP B-NP +two I-NP I-NP +most I-NP I-NP +critical I-NP I-NP +areas I-NP I-NP +remaining B-VP B-VP +from B-PP B-PP +the B-NP B-NP +administration I-NP I-NP +'s B-NP B-NP +standpoint I-NP I-NP +. O O + +And O O +among B-PP B-PP +domestic B-NP B-NP +programs I-NP I-NP +, O O +the B-NP B-NP +most I-NP I-NP +serious I-NP I-NP +threat I-NP I-NP +is B-VP B-VP +White B-NP B-NP +House I-NP I-NP +opposition I-NP I-NP +to B-PP B-PP +abortion B-NP B-NP +riders I-NP I-NP +attached B-VP B-VP +to B-PP B-PP +separate B-NP B-NP +bills I-NP I-NP +funding B-VP B-VP +the B-NP B-NP +District I-NP I-NP +of B-PP B-PP +Columbia B-NP B-NP +and O O +Department B-NP B-NP +of B-PP B-PP +Health B-NP B-NP +and O O +Human B-NP B-NP +Services I-NP I-NP +. O O + +The B-NP B-NP +same I-NP I-NP +issue I-NP I-NP +threatens B-VP B-VP +to I-VP I-VP +spill I-VP I-VP +over B-PRT B-PRT +to B-PP B-PP +the B-NP B-NP +foreign I-NP I-NP +aid I-NP I-NP +debate I-NP I-NP +, O O +and O O +Mr. B-NP B-NP +Bush I-NP I-NP +also B-ADVP B-ADVP +is B-VP B-VP +threatening I-VP I-VP +to I-VP I-VP +veto I-VP I-VP +any B-NP B-NP +agreement I-NP I-NP +that B-NP B-NP +preserves B-VP B-VP +Senate-passed B-NP B-NP +provisions I-NP I-NP +renewing B-VP B-VP +U.S. B-NP B-NP +support I-NP I-NP +for B-PP B-PP +the B-NP B-NP +United I-NP I-NP +Nations I-NP I-NP +Fund I-NP I-NP +for B-PP B-PP +Population B-NP B-NP +Activities I-NP I-NP +. O O + +In B-PP B-PP +a B-NP B-NP +sharply I-NP I-NP +written I-NP I-NP +letter I-NP I-NP +, O O +Rep. B-NP B-NP +David I-NP I-NP +Obey I-NP I-NP +, O O +chairman B-NP B-NP +of B-PP B-PP +the B-NP B-NP +House I-NP I-NP +appropriations I-NP I-NP +subcommittee I-NP I-NP +for B-PP B-PP +foreign B-NP B-NP +operations I-NP I-NP +, O O +warned B-VP B-VP +Mr. B-NP B-NP +Bush I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +result I-NP I-NP +of B-PP B-PP +his B-NP B-NP +`` I-NP I-NP +ultimatum I-NP I-NP +'' O O +could B-VP B-VP +weaken I-VP I-VP +efforts B-NP B-NP +to B-VP B-VP +accommodate I-VP I-VP +the B-NP B-NP +administration I-NP I-NP +elsewhere B-ADVP B-ADVP +. O O + +`` O O +As B-PP B-PP +a B-NP B-NP +result I-NP I-NP +of B-PP B-PP +your B-NP B-NP +ultimatum I-NP I-NP +, O O +'' O O +writes B-VP B-VP +the B-NP B-NP +Wisconsin I-NP I-NP +Democrat I-NP I-NP +, O O +`` O O +I B-NP B-NP +guess B-VP B-VP +there B-NP B-NP +is B-VP B-VP +no B-ADVP B-ADVP +longer I-ADVP I-ADVP +any B-NP B-NP +point I-NP I-NP +in B-PP B-PP +taking B-VP B-VP +administration B-NP B-NP +views I-NP I-NP +into B-PP B-PP +account B-NP B-NP +on B-PP B-PP +other B-NP B-NP +items I-NP I-NP +in B-PP B-PP +conference B-NP B-NP +, O O +inasmuch B-ADVP B-NP +regardless B-ADVP B-ADVP +of B-PP B-PP +their B-NP B-NP +resolution I-NP I-NP +you B-NP B-NP +apparently B-ADVP B-ADVP +intend B-VP B-VP +to I-VP I-VP +veto I-VP I-VP +this B-NP B-NP +bill I-NP I-NP +. O O + +Markets B-NP B-NP +usually B-ADVP B-ADVP +get B-VP B-VP +noticed I-VP I-VP +because B-SBAR B-SBAR +they B-NP B-NP +soar B-VP B-VP +or I-VP I-VP +plunge I-VP I-VP +. O O + +Gold B-NP B-NP +, O O +which B-NP B-NP +has B-VP B-VP +n't I-VP I-VP +risen I-VP I-VP +or I-VP I-VP +fallen I-VP I-VP +significantly B-ADVP B-ADVP +in B-PP B-PP +quite B-NP B-NP +some I-NP I-NP +time I-NP I-NP +, O O +yesterday B-NP B-NP +achieved B-VP B-VP +what B-NP B-NP +may B-VP B-VP +be I-VP I-VP +a B-NP B-NP +new I-NP I-NP +level I-NP I-NP +of B-PP B-PP +impassiveness B-NP B-NP +: O O +The B-NP B-NP +most I-NP I-NP +actively I-NP I-NP +traded I-NP I-NP +futures I-NP I-NP +contracts I-NP I-NP +closed B-VP B-VP +unchanged B-ADJP B-ADJP +despite B-PP B-PP +nervous B-NP B-NP +fluctuations I-NP I-NP +in B-PP B-PP +both O B-NP +the B-NP B-NP +dollar I-NP I-NP +and O O +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +. O O + +The B-NP B-NP +settlement I-NP I-NP +prices I-NP I-NP +of B-PP B-PP +the B-NP B-NP +December I-NP I-NP +, I-NP I-NP +February I-NP I-NP +and I-NP I-NP +April I-NP I-NP +gold I-NP I-NP +contracts I-NP I-NP +were B-VP B-VP +even B-ADJP B-ADVP +with B-PP B-PP +Monday B-NP B-NP +'s B-NP B-NP +final I-NP I-NP +prices I-NP I-NP +. O O + +The B-NP B-NP +December I-NP I-NP +1989 I-NP I-NP +contract I-NP I-NP +, O O +which B-NP B-NP +has B-VP B-VP +the B-NP B-NP +greatest I-NP I-NP +trading I-NP I-NP +volume I-NP I-NP +, O O +ended B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +371.20 I-NP I-NP +an B-NP B-NP +ounce I-NP I-NP +. O O + +The B-NP B-NP +other I-NP I-NP +months I-NP I-NP +posted B-VP B-VP +advances B-NP B-NP +of B-PP B-PP +10 B-NP B-NP +cents I-NP I-NP +to I-NP O +20 I-NP B-NP +cents I-NP I-NP +an B-NP B-NP +ounce I-NP I-NP +. O O + +According B-PP B-PP +to B-PP B-PP +one B-NP B-NP +analyst I-NP I-NP +, O O +Bernard B-NP B-NP +Savaiko I-NP I-NP +of B-PP B-PP +PaineWebber B-NP B-NP +, O O +New B-NP B-NP +York I-NP I-NP +, O O +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +'s B-NP B-NP +ability I-NP I-NP +on B-PP B-PP +Monday B-NP B-NP +to B-VP B-VP +rally I-VP I-VP +from B-PP B-PP +last B-NP B-NP +Friday I-NP I-NP +'s B-NP B-NP +decline I-NP I-NP +-- O O +which B-NP B-NP +seemed B-VP B-VP +to I-VP I-VP +indicate I-VP I-VP +that B-SBAR B-SBAR +the B-NP B-NP +economy I-NP I-NP +was B-VP B-VP +n't I-VP I-VP +going I-VP I-VP +to I-VP I-VP +fall I-VP I-VP +either B-ADVP B-ADVP +-- O O +took B-VP B-VP +the B-NP B-NP +starch I-NP I-NP +out B-ADVP B-PP +of B-PP B-PP +precious B-NP B-NP +metals I-NP I-NP +prices I-NP I-NP +, B-ADVP B-PP +and I-ADVP I-PP +out B-ADVP B-PP +of B-PP B-PP +gold B-NP B-NP +'s B-NP B-NP +, O O +in B-PP B-PP +particular B-NP B-NP +. O O + +Yesterday B-NP B-NP +, O O +gold B-NP B-NP +traded B-VP B-VP +within B-PP B-PP +a B-NP B-NP +narrow I-NP I-NP +range I-NP I-NP +. O O + +Gold B-NP B-NP +tried B-VP B-VP +to I-VP I-VP +rally I-VP I-VP +on B-PP B-PP +Monday B-NP B-NP +but O O +ran B-VP B-VP +into B-PP B-PP +the B-NP B-NP +same I-NP I-NP +situation I-NP I-NP +that B-NP B-NP +has B-VP B-VP +subdued I-VP I-VP +gold B-NP B-NP +prices I-NP I-NP +for B-PP B-PP +more B-NP B-NP +than I-NP B-PP +a I-NP B-NP +year I-NP I-NP +: O O +selling B-VP B-VP +by B-PP B-PP +gold B-NP B-NP +producers I-NP I-NP +, O O +who B-NP B-NP +want B-VP B-VP +to I-VP I-VP +fix I-VP I-VP +the B-NP B-NP +highest I-NP I-NP +possible I-NP I-NP +price I-NP I-NP +for B-PP B-PP +their B-NP B-NP +gold I-NP I-NP +. O O + +`` O O +December B-NP B-NP +delivery I-NP I-NP +gold I-NP I-NP +is B-VP B-VP +trading I-VP I-VP +in B-PP B-PP +a B-NP B-NP +range I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +365 I-NP I-NP +to I-NP I-NP +$ I-NP I-NP +375 I-NP I-NP +-LCB- O O +an B-NP B-NP +ounce I-NP I-NP +-RCB- O O +and O O +is B-VP B-VP +having I-VP I-VP +difficulty B-NP B-NP +breaking B-VP B-VP +out B-PRT B-ADVP +above B-PP B-PP +that B-NP B-NP +, O O +'' O O +Mr. B-NP B-NP +Savaiko I-NP I-NP +said B-VP B-VP +. O O + +`` O O +Producers B-NP B-NP +at B-PP B-PP +the B-NP B-NP +moment I-NP I-NP +regard B-VP B-VP +that B-NP B-NP +area I-NP I-NP +a B-NP B-NP +good I-NP I-NP +one I-NP I-NP +in B-PP B-PP +which B-NP B-NP +to B-VP B-VP +sell I-VP I-VP +gold B-NP B-NP +. O O +'' O O + +Also B-ADVP B-ADVP +, O O +Mr. B-NP B-NP +Savaiko I-NP I-NP +noted B-VP B-VP +, O O +stock B-NP B-NP +market I-NP I-NP +investors I-NP I-NP +seeking B-VP B-VP +greater B-NP B-NP +safety I-NP I-NP +are B-VP B-VP +veering I-VP I-VP +toward B-PP B-PP +buying B-VP B-VP +bonds B-NP B-NP +rather B-PP B-PP +than I-PP I-PP +precious B-NP B-NP +metals I-NP I-NP +because B-SBAR B-SBAR +`` O O +we B-NP B-NP +are B-VP B-VP +tending I-VP I-VP +more B-ADVP B-ADVP +toward B-PP B-PP +a B-NP B-NP +disinflationary I-NP I-NP +economy I-NP I-NP +that B-NP B-NP +does B-VP B-VP +n't I-VP I-VP +make I-VP I-VP +gold B-NP B-NP +and O O +precious B-NP B-NP +metals I-NP I-NP +attractive B-ADJP B-ADJP +. O O +'' O O + +Jeffrey B-NP B-NP +Nichols I-NP I-NP +, O O +president B-NP B-NP +of B-PP B-PP +APMS B-NP B-NP +Canada I-NP I-NP +, O O +Toronto B-NP B-NP +precious I-NP I-NP +metals I-NP I-NP +advisers I-NP I-NP +, O O +said B-VP B-VP +there B-NP B-NP +is B-VP B-VP +little B-NP B-NP +to B-VP B-VP +motivate I-VP I-VP +gold B-NP B-NP +traders I-NP I-NP +to B-VP B-VP +buy I-VP I-VP +the B-NP B-NP +metal I-NP I-NP +. O O + +`` O O +Investors B-NP B-NP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +and O O +Europe B-NP B-NP +are B-VP B-VP +comfortable B-ADJP B-ADJP +with B-PP B-PP +the B-NP B-NP +actions I-NP I-NP +of B-PP B-PP +the B-NP B-NP +-LCB- I-NP I-NP +Federal I-NP I-NP +Reserve I-NP I-NP +-RCB- O O +in B-PP B-PP +its B-NP B-NP +willingness I-NP I-NP +to B-VP B-VP +supply I-VP I-VP +liquidity B-NP B-NP +to B-PP B-PP +financial B-NP B-NP +system I-NP I-NP +, O O +which B-NP B-NP +helped B-VP B-VP +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +rebound B-VP B-VP +on B-PP B-PP +Monday B-NP B-NP +, O O +'' O O +he B-NP B-NP +said B-VP B-VP +. O O + +There B-NP B-NP +is B-VP B-VP +n't O O +any B-NP B-NP +rush I-NP I-NP +on B-PP B-PP +the B-NP B-NP +part I-NP I-NP +of B-PP B-PP +investors B-NP B-NP +in B-PP B-PP +the B-NP B-NP +West I-NP I-NP +to B-VP B-VP +buy I-VP I-VP +gold B-NP B-NP +, O O +he B-NP B-NP +said B-VP B-VP +. O O + +`` O O +They B-NP B-NP +still B-ADVP B-ADVP +bear B-VP B-VP +the B-NP B-NP +memory I-NP I-NP +of B-PP B-PP +October B-NP B-NP +1987 I-NP I-NP +, O O +when B-ADVP B-ADVP +they B-NP B-NP +bought B-VP B-VP +gold B-NP B-NP +after B-SBAR B-SBAR +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +crashed B-VP B-VP +and O O +ended B-VP B-VP +up B-PRT B-PRT +losing B-VP B-VP +money B-NP B-NP +because B-SBAR B-SBAR +gold B-NP B-NP +prices I-NP I-NP +subsequently B-ADVP B-ADVP +fell B-VP B-VP +, O O +'' O O +Mr. B-NP B-NP +Nichols I-NP I-NP +said B-VP B-VP +. O O + +`` O O +It B-NP B-NP +'s B-VP B-VP +an B-NP B-NP +experience I-NP I-NP +they B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +want I-VP I-VP +to I-VP I-VP +repeat I-VP I-VP +. O O +'' O O + +At B-PP B-PP +the B-NP B-NP +moment I-NP I-NP +gold B-NP B-NP +traders I-NP I-NP +are B-VP B-VP +n't I-VP O +concerned I-VP B-ADJP +about B-PP B-PP +inflation B-NP B-NP +, O O +he B-NP B-NP +said B-VP B-VP +, O O +and O O +as B-PP B-PP +for B-PP B-PP +the B-NP B-NP +dollar I-NP I-NP +, O O +`` O O +gold B-NP B-NP +'s B-NP B-NP +association I-NP I-NP +with B-PP B-PP +the B-NP B-NP +currency I-NP I-NP +has B-VP B-VP +been I-VP I-VP +diminishing I-VP I-VP +recently B-ADVP B-ADVP +so O O +drops B-NP B-NP +in B-PP B-PP +the B-NP B-NP +currency I-NP I-NP +are B-VP B-VP +n't I-VP I-VP +having I-VP I-VP +much B-NP B-NP +impact I-NP I-NP +on B-PP B-PP +gold B-NP B-NP +. O O +'' O O + +Dinsa B-NP B-NP +Mehta I-NP I-NP +, O O +chief B-NP B-NP +bullion I-NP I-NP +trader I-NP I-NP +for B-PP B-PP +Chase B-NP B-NP +Manhattan I-NP I-NP +Bank I-NP I-NP +, O O +said B-VP B-VP +: O O +`` O O +There B-NP B-NP +is B-VP B-VP +little B-NP B-NP +incentive I-NP I-NP +on B-PP B-PP +the B-NP B-NP +part I-NP I-NP +of B-PP B-PP +traders B-NP B-NP +to B-VP B-VP +sell I-VP I-VP +gold B-NP B-NP +because B-SBAR B-SBAR +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +may B-VP B-VP +go I-VP I-VP +lower B-ADVP B-ADVP +and O O +gold B-NP B-NP +may B-VP B-VP +retain I-VP I-VP +some B-NP B-NP +of B-PP B-PP +its O B-NP +` O I-NP +flight O I-NP +to B-PP B-PP +safety B-NP B-NP +' B-NP B-NP +quality I-NP I-NP +. O O + +There B-NP B-NP +is B-VP B-VP +little B-NP B-NP +incentive I-NP I-NP +to B-VP B-VP +buy I-VP I-VP +gold B-NP B-NP +because B-SBAR B-SBAR +if B-SBAR B-SBAR +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +goes B-VP B-VP +higher B-ADVP B-ADVP +, O O +it B-NP B-NP +may B-VP B-VP +be I-VP I-VP +just B-NP B-NP +a I-NP I-NP +false I-NP I-NP +alarm I-NP I-NP +. O O + +This B-NP B-NP +is B-VP B-VP +keeping I-VP I-VP +the B-NP B-NP +gold I-NP I-NP +traders I-NP I-NP +handcuffed B-ADJP B-VP +. O O +'' O O + +The B-NP B-NP +most I-NP I-NP +remarkable I-NP I-NP +feature I-NP I-NP +about B-PP B-PP +yesterday B-NP B-NP +'s B-NP B-NP +action I-NP I-NP +was B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +price I-NP I-NP +of B-PP B-PP +roughly B-NP B-NP +$ I-NP I-NP +370 I-NP I-NP +an B-NP B-NP +ounce I-NP I-NP +was B-VP B-VP +regarded I-VP I-VP +as B-PP B-PP +attractive B-ADJP B-ADJP +enough I-ADJP I-ADJP +by B-PP B-PP +gold B-NP B-NP +producers I-NP I-NP +around B-PP B-PP +the B-NP B-NP +world I-NP I-NP +to B-VP B-VP +aggressively I-VP I-VP +sell I-VP I-VP +gold B-NP B-NP +, O O +Mr. B-NP B-NP +Mehta I-NP I-NP +said B-VP B-VP +. O O + +`` O O +I B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +know I-VP I-VP +what B-NP B-NP +it B-NP B-NP +means B-VP B-VP +over B-PP B-PP +the B-NP B-NP +long I-NP I-NP +run I-NP I-NP +, O O +but O O +for B-PP B-PP +the B-NP B-NP +short I-NP I-NP +term I-NP I-NP +, O O +it B-NP B-NP +appears B-VP B-VP +that B-SBAR B-SBAR +gold B-NP B-NP +producers I-NP I-NP +are B-VP B-VP +grateful B-ADJP B-ADJP +for B-PP B-PP +the B-NP B-NP +$ I-NP I-NP +10 I-NP I-NP +or I-NP I-NP +so I-NP I-NP +that B-NP O +gold B-NP B-NP +has B-VP B-VP +risen I-VP I-VP +over B-PP B-PP +the B-NP B-NP +past I-NP I-NP +week I-NP I-NP +or I-NP I-NP +so I-NP I-NP +, O O +'' O O +he B-NP B-NP +said B-VP B-VP +. O O + +Previously B-ADVP B-ADVP +, O O +he B-NP B-NP +noted B-VP B-VP +, O O +gold B-NP B-NP +producers I-NP I-NP +tended B-VP B-VP +to I-VP I-VP +back I-VP I-VP +off B-PRT B-PRT +from B-PP B-PP +a B-NP B-NP +rising I-NP I-NP +gold I-NP I-NP +market I-NP I-NP +, O O +letting B-VP B-VP +prices B-NP B-NP +rise B-VP B-VP +as B-NP B-ADVP +much I-NP I-ADVP +as B-PP B-PP +possible B-ADJP B-ADJP +before B-PP B-PP +selling B-VP B-VP +. O O + +Mr. B-NP B-NP +Mehta I-NP I-NP +observed B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +U.S. I-NP I-NP +merchandise I-NP I-NP +trade I-NP I-NP +deficit I-NP I-NP +, O O +which B-NP B-NP +rose B-VP B-VP +sharply B-ADVP B-ADVP +in B-PP B-PP +August B-NP B-NP +, O O +according B-PP B-PP +to B-PP B-PP +yesterday B-NP B-NP +'s B-NP B-NP +report I-NP I-NP +, O O +has B-VP B-VP +been I-VP I-VP +having I-VP I-VP +less B-NP B-NP +and I-NP I-NP +less I-NP I-NP +impact I-NP I-NP +on B-PP B-PP +the B-NP B-NP +gold I-NP I-NP +market I-NP I-NP +. O O + +`` O O +The B-NP B-NP +dollar I-NP I-NP +has B-VP B-VP +n't I-VP I-VP +reacted I-VP I-VP +much B-ADVP B-ADVP +to B-PP B-PP +it B-NP B-NP +, O O +so B-ADVP O +gold B-NP B-NP +has B-VP B-VP +n't O O +either B-ADVP B-ADVP +, O O +'' O O +he B-NP B-NP +said B-VP B-VP +. O O + +In B-PP B-PP +other B-NP B-NP +commodity I-NP I-NP +markets I-NP I-NP +yesterday B-NP I-NP +: O O + +ENERGY B-NP B-NP +: O O + +Crude B-NP B-NP +oil I-NP I-NP +prices I-NP I-NP +rose B-VP B-VP +slightly B-ADVP B-ADVP +in B-PP B-PP +lackluster B-NP B-NP +activity I-NP I-NP +as B-SBAR B-SBAR +traders B-NP B-NP +in B-PP B-PP +the B-NP B-NP +pits I-NP I-NP +tried B-VP B-VP +to I-VP I-VP +assess I-VP I-VP +action B-NP B-NP +in B-PP B-PP +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +. O O + +Since B-SBAR B-SBAR +stock B-NP B-NP +market I-NP I-NP +indexes I-NP I-NP +plummeted B-VP B-VP +last B-NP B-NP +Friday I-NP I-NP +, O O +participants B-NP B-NP +in B-PP B-PP +all B-NP B-NP +markets I-NP I-NP +have B-VP B-VP +been I-VP I-VP +wary B-ADJP B-ADJP +. O O + +When B-ADVP B-ADVP +traders B-NP B-NP +become B-VP B-VP +confident B-ADJP B-ADJP +that B-SBAR B-SBAR +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +has B-VP B-VP +stabilized I-VP I-VP +, O O +oil B-NP B-NP +prices I-NP I-NP +are B-VP B-VP +expected I-VP I-VP +to I-VP I-VP +rise I-VP I-VP +as B-SBAR B-SBAR +supply B-NP B-NP +and I-NP I-NP +demand I-NP I-NP +fundamentals I-NP I-NP +once B-ADVP B-ADVP +again I-ADVP I-ADVP +become B-VP B-VP +the B-NP B-NP +major I-NP I-NP +consideration I-NP I-NP +. O O + +Crude B-NP B-NP +oil I-NP I-NP +for B-PP B-PP +November B-NP B-NP +delivery I-NP I-NP +edged B-VP B-VP +up B-PRT B-ADVP +by B-PP B-PP +16 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +barrel I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +20.75 I-NP I-NP +a B-NP B-NP +barrel I-NP I-NP +. O O + +Heating B-NP B-NP +oil I-NP I-NP +prices I-NP I-NP +also B-ADVP B-ADVP +rose B-VP B-VP +. O O + +November B-NP B-NP +gasoline I-NP I-NP +slipped B-VP B-VP +slightly B-ADVP B-ADVP +. O O + +SUGAR B-NP B-NP +: O O + +Futures B-NP B-NP +prices I-NP I-NP +rose B-VP B-VP +on B-PP B-PP +a B-NP B-NP +report I-NP I-NP +that B-SBAR B-SBAR +Cuba B-NP B-NP +may B-VP B-VP +seek I-VP I-VP +to I-VP I-VP +postpone I-VP I-VP +some B-NP B-NP +sugar I-NP I-NP +shipments I-NP I-NP +. O O + +The B-NP B-NP +March I-NP I-NP +contract I-NP I-NP +advanced B-VP B-VP +0.14 B-NP B-NP +cent I-NP I-NP +a B-NP B-NP +pound I-NP I-NP +to B-PP B-PP +14.11 B-NP B-NP +cents I-NP I-NP +. O O + +According B-PP B-PP +to B-PP B-PP +an B-NP B-NP +analyst I-NP I-NP +, O O +Cuba B-NP B-NP +ca B-VP B-VP +n't I-VP I-VP +meet I-VP I-VP +all B-NP B-NP +its I-NP I-NP +shipment I-NP I-NP +commitments I-NP I-NP +and O O +has B-VP B-VP +asked I-VP I-VP +Japan B-NP B-NP +to B-VP B-VP +accept I-VP I-VP +a B-NP B-NP +delay I-NP I-NP +of B-PP B-PP +shipments B-NP B-NP +scheduled B-VP B-VP +for B-PP B-PP +later B-NP B-NP +this I-NP I-NP +year I-NP I-NP +, O O +into B-PP B-PP +early B-NP B-NP +next I-NP I-NP +year I-NP I-NP +. O O + +`` O O +Japan B-NP B-NP +is B-VP B-VP +perceived I-VP I-VP +as B-PP B-PP +a B-NP B-NP +wealthy I-NP I-NP +nation I-NP I-NP +that B-NP B-NP +can B-VP B-VP +turn I-VP I-VP +elsewhere B-ADVP B-ADVP +in B-PP B-PP +the B-NP B-NP +world I-NP I-NP +market I-NP I-NP +and O O +buy B-VP B-VP +the B-NP B-NP +sugar I-NP I-NP +, O O +'' O O +the B-NP B-NP +analyst I-NP I-NP +said B-VP B-VP +. O O + +It B-NP B-NP +was B-VP B-VP +the B-NP B-NP +possibility I-NP I-NP +of B-PP B-PP +this B-NP B-NP +demand I-NP I-NP +that B-NP B-NP +helped B-VP B-VP +firm I-VP I-VP +prices B-NP B-NP +, O O +the B-NP B-NP +analyst I-NP I-NP +said B-VP B-VP +. O O + +Another B-NP B-NP +analyst I-NP I-NP +noted B-VP B-VP +that B-SBAR B-SBAR +Cuba B-NP B-NP +has B-VP B-VP +been I-VP I-VP +deferring I-VP I-VP +shipments B-NP B-NP +in B-PP B-PP +recent B-NP B-NP +years I-NP I-NP +. O O + +`` O O +To B-PP B-PP +the B-NP B-NP +professionals I-NP I-NP +in B-PP B-PP +the B-NP B-NP +trade I-NP I-NP +it B-NP B-NP +did B-VP B-VP +n't I-VP I-VP +cause I-VP I-VP +much B-NP B-NP +surprise I-NP I-NP +. O O + +The B-NP B-NP +March I-NP I-NP +futures I-NP I-NP +contract I-NP I-NP +traded B-VP B-VP +as B-ADVP B-ADJP +high I-ADVP I-ADJP +as B-PP B-PP +14.24 B-NP B-NP +cents I-NP I-NP +, O O +but O O +could B-VP B-VP +n't I-VP I-VP +sustain I-VP I-VP +the B-NP B-NP +advance I-NP I-NP +, O O +'' O O +he B-NP B-NP +said B-VP B-VP +. O O + +LIVESTOCK B-NP B-NP +AND I-NP I-NP +MEATS I-NP I-NP +: O O + +The B-NP B-NP +prices I-NP I-NP +of B-PP B-PP +cattle B-NP B-NP +, I-NP I-NP +hogs I-NP I-NP +and I-NP I-NP +pork I-NP I-NP +belly I-NP I-NP +futures I-NP I-NP +contracts I-NP I-NP +rebounded B-VP B-VP +as B-SBAR B-SBAR +livestock B-NP B-NP +traders I-NP I-NP +shook B-VP B-VP +off B-PRT B-PRT +fears B-NP B-NP +that B-SBAR B-SBAR +the B-NP B-NP +Friday I-NP I-NP +stock I-NP I-NP +market I-NP I-NP +plunge I-NP I-NP +would B-VP B-VP +chill I-VP I-VP +consumer B-NP B-NP +spending I-NP I-NP +, O O +which B-NP B-NP +in B-PP B-PP +turn B-NP B-NP +would B-VP B-VP +hurt I-VP I-VP +retail B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +beef B-NP B-NP +and I-NP I-NP +pork I-NP I-NP +. O O + +The B-NP B-NP +prices I-NP I-NP +of B-PP B-PP +most B-NP B-NP +livestock I-NP I-NP +futures I-NP I-NP +contracts I-NP I-NP +had B-VP B-VP +dropped I-VP I-VP +sharply B-ADVP B-ADVP +Monday B-NP B-NP +. O O + +Cattle B-NP B-NP +futures I-NP I-NP +prices I-NP I-NP +were B-VP B-VP +also I-VP I-VP +supported I-VP I-VP +yesterday B-NP B-NP +by B-PP B-PP +signs B-NP B-NP +that B-SBAR B-SBAR +supermarket B-NP B-NP +chains I-NP I-NP +are B-VP B-VP +making I-VP I-VP +plans B-NP B-NP +to B-VP B-VP +increase I-VP I-VP +their B-NP B-NP +promotions I-NP I-NP +concerning B-VP B-VP +beef B-NP B-NP +. O O + +GRAINS B-NP B-NP +AND I-NP I-NP +SOYBEANS I-NP I-NP +: O O + +The B-NP B-NP +prices I-NP I-NP +of B-PP B-PP +most B-NP B-NP +soybean I-NP I-NP +and I-NP I-NP +soybean-meal I-NP I-NP +futures I-NP I-NP +contracts I-NP I-NP +rose B-VP B-VP +amid B-PP B-PP +rumors B-NP B-NP +that B-SBAR B-SBAR +the B-NP B-NP +Soviet I-NP I-NP +Union I-NP I-NP +is B-VP B-VP +interested I-VP B-ADJP +in B-PP B-PP +buying B-VP B-VP +from B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +or O O +South B-NP B-NP +America I-NP I-NP +about B-NP B-NP +250,000 I-NP I-NP +metric I-NP I-NP +tons I-NP I-NP +of B-PP B-PP +soybeans B-NP B-NP +and O O +as B-NP B-NP +many I-NP I-NP +as I-NP I-NP +400,000 I-NP I-NP +metric I-NP I-NP +tons I-NP I-NP +of B-PP B-PP +soybean B-NP B-NP +meal I-NP I-NP +. O O + +Traders B-NP B-NP +are B-VP B-VP +especially B-ADJP B-ADJP +sensitive I-ADJP I-ADJP +to B-PP B-PP +reports B-NP B-NP +of B-PP B-PP +possible B-NP B-NP +U.S. I-NP I-NP +soybean I-NP I-NP +sales I-NP I-NP +because B-SBAR B-SBAR +U.S. B-NP B-NP +exports I-NP I-NP +are B-VP B-VP +lagging I-VP I-VP +. O O + +Since B-PP B-PP +Sept. B-NP B-NP +1 I-NP I-NP +, O O +about B-NP B-NP +13 I-NP I-NP +million I-NP I-NP +fewer I-NP I-NP +bushels I-NP I-NP +of B-PP B-PP +U.S. B-NP B-NP +soybeans I-NP I-NP +have B-VP B-VP +been I-VP I-VP +sold I-VP I-VP +overseas B-ADVP B-ADVP +than B-PP B-PP +for B-PP B-PP +the B-NP B-NP +same I-NP I-NP +period I-NP I-NP +last B-NP B-NP +year I-NP I-NP +. O O + +Corn B-NP B-NP +futures I-NP I-NP +prices I-NP I-NP +rose B-VP B-VP +slightly B-ADVP B-ADVP +while B-SBAR B-SBAR +wheat B-NP B-NP +prices I-NP I-NP +settled B-VP B-VP +mixed B-ADJP B-ADJP +. O O + +Moody B-NP B-NP +'s B-NP B-NP +Investors I-NP I-NP +Service I-NP I-NP +Inc. I-NP I-NP +, O O +fretting B-VP B-VP +about B-PP B-PP +increasing B-NP B-VP +competitive I-NP B-NP +pressure I-NP I-NP +on B-PP B-PP +Ryder B-NP B-NP +, O O +placed B-VP B-VP +about B-NP B-NP +$ I-NP I-NP +2.8 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +company B-NP B-NP +securities I-NP I-NP +under B-PP B-PP +review B-NP B-NP +for B-PP B-PP +possible B-NP B-NP +downgrade I-NP I-NP +. O O + +Ratings B-NP B-NP +under B-PP B-PP +review B-NP B-NP +are B-VP B-VP +Ryder B-NP B-NP +'s B-NP B-NP +A-1 I-NP I-NP +collateral I-NP I-NP +trust I-NP I-NP +debentures I-NP I-NP +, O O +A-2 B-NP B-NP +senior I-NP I-NP +notes I-NP I-NP +and I-NP I-NP +bonds I-NP I-NP +, O O +A-2 B-NP B-NP +preferred I-NP I-NP +stock I-NP I-NP +and O O +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +Prime-1 I-NP I-NP +rating I-NP I-NP +for B-PP B-PP +commercial B-NP B-NP +paper I-NP I-NP +. O O + +Moody B-NP B-NP +'s B-NP I-NP +said B-VP B-VP +it B-NP B-NP +is B-VP B-VP +assessing I-VP I-VP +the B-NP B-NP +strategies I-NP I-NP +Ryder B-NP B-NP +'s B-NP B-NP +management I-NP I-NP +may B-VP B-VP +follow I-VP I-VP +in B-PP B-PP +addressing B-VP B-VP +significant B-NP B-NP +challenges I-NP I-NP +in B-PP B-PP +some B-NP B-NP +major I-NP I-NP +markets I-NP I-NP +. O O + +The B-NP B-NP +rating I-NP I-NP +agency I-NP I-NP +said B-VP B-VP +it B-NP B-NP +is B-VP B-VP +focusing I-VP I-VP +especially B-ADVP B-ADVP +on B-PP B-PP +the B-NP B-NP +transportation I-NP I-NP +service I-NP I-NP +company I-NP I-NP +'s B-NP B-NP +efforts I-NP I-NP +to B-VP B-VP +control I-VP I-VP +costs B-NP B-NP +, O O +improve B-VP B-VP +margins B-NP B-NP +and O O +enhance B-VP B-VP +its B-NP B-NP +competitive I-NP I-NP +position I-NP I-NP +in B-PP B-PP +its B-NP B-NP +primary I-NP I-NP +business I-NP I-NP +, O I-NP +vehicle B-NP I-NP +leasing I-NP I-NP +and I-NP I-NP +rental I-NP I-NP +. O O + +The B-NP B-NP +nations I-NP I-NP +of B-PP B-PP +southern B-NP B-NP +Africa I-NP I-NP +know B-VP B-VP +a B-NP B-NP +lot I-NP I-NP +about B-PP B-PP +managing B-VP B-VP +elephants B-NP B-NP +; O O +their B-NP B-NP +herds I-NP I-NP +are B-VP B-VP +thriving I-VP I-VP +. O O + +But O O +the B-NP B-NP +nations I-NP I-NP +of B-PP B-PP +Europe B-NP B-NP +and O O +North B-NP B-NP +America I-NP I-NP +have B-VP B-VP +decided I-VP I-VP +they B-NP B-NP +know B-VP B-VP +better B-ADVP B-ADVP +. O O + +At B-PP B-PP +this B-NP B-NP +week I-NP I-NP +'s B-NP B-NP +U.N. I-NP I-NP +conference I-NP I-NP +in B-PP B-PP +Lausanne B-NP B-NP +, O O +they B-NP B-NP +imposed B-VP B-VP +a B-NP B-NP +global I-NP I-NP +ivory I-NP I-NP +ban I-NP I-NP +that B-NP B-NP +seeks B-VP B-VP +to I-VP I-VP +overturn I-VP I-VP +local B-NP B-NP +policies I-NP I-NP +. O O + +A B-NP B-NP +Zimbabwean I-NP I-NP +delegate I-NP I-NP +argued B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +ban I-NP I-NP +would B-VP B-VP +`` O O +guarantee B-VP B-VP +the B-NP B-NP +extinction I-NP I-NP +of B-PP B-PP +the B-NP B-NP +elephant I-NP I-NP +. O O +'' O O + +Legitimate B-NP B-NP +ranchers I-NP I-NP +, O O +who B-NP B-NP +have B-VP B-VP +an B-NP B-NP +interest I-NP I-NP +in B-PP B-PP +preserving B-VP B-VP +the B-NP B-NP +herds I-NP I-NP +, O O +would B-VP B-VP +go I-VP I-VP +out B-ADVP B-PP +of B-PP B-PP +business B-NP B-NP +. O O + +Poachers B-NP B-NP +would B-VP B-VP +control I-VP I-VP +the B-NP B-NP +underground I-NP I-NP +trade I-NP I-NP +. O O + +Many B-NP B-NP +delegates I-NP I-NP +were B-VP B-VP +willing B-ADJP B-ADJP +to B-VP B-VP +craft I-VP I-VP +a B-NP B-NP +compromise I-NP I-NP +, O O +but O O +U.S. B-NP B-NP +delegate I-NP I-NP +Constance I-NP I-NP +Harriman I-NP I-NP +and O O +others B-NP B-NP +thundered B-VP B-VP +that B-NP B-ADVP +down B-ADVP I-ADVP +. O O + +The B-NP B-NP +Greens I-NP I-NP +from B-PP B-PP +the B-NP B-NP +First I-NP I-NP +World I-NP I-NP +wanted B-VP B-VP +a B-NP B-NP +morality I-NP I-NP +play I-NP I-NP +, B-NP B-NP +not I-NP I-NP +a B-NP B-NP +negotiation I-NP I-NP +. O O + +Fortunately B-ADVP B-ADVP +, O O +the B-NP B-NP +nations I-NP I-NP +of B-PP B-PP +southern B-NP B-NP +Africa I-NP I-NP +have B-VP B-VP +n't I-VP I-VP +totally I-VP I-VP +surrendered I-VP I-VP +their B-NP B-NP +sovereignty I-NP I-NP +. O O + +Five B-NP B-NP +countries I-NP I-NP +announced B-VP B-VP +they B-NP B-NP +would B-VP B-VP +not I-VP I-VP +honor I-VP I-VP +what B-NP B-NP +one B-NP B-NP +Zimbabwean I-NP I-NP +delegate I-NP I-NP +wryly B-ADVP B-VP +called B-VP I-VP +the O B-NP +`` O I-NP +made B-VP B-VP +in B-PP B-PP +Switzerland B-NP B-NP +'' B-NP B-NP +solution I-NP I-NP +. O O + +In B-PP B-PP +fact B-NP B-NP +, O O +they B-NP B-NP +seemed B-VP B-VP +a B-NP B-NP +mite I-NP I-NP +resentful B-ADJP B-ADJP +. O O + +The B-NP B-NP +director I-NP I-NP +of B-PP B-PP +Zimbabwe B-NP B-NP +'s B-NP B-NP +Wildlife I-NP I-NP +Department I-NP I-NP +described B-VP B-VP +American B-NP B-NP +conservationists I-NP I-NP +as B-PP B-PP +`` O O +fat B-NP B-NP +little I-NP I-NP +puppies I-NP I-NP +from B-PP B-PP +urban B-NP B-NP +environments I-NP I-NP +who B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +know I-VP I-VP +a B-NP B-NP +thing I-NP I-NP +about B-PP B-PP +Africa B-NP B-NP +. O O +'' O O + +That B-NP B-NP +'s B-VP B-VP +not O O +fair B-ADJP B-ADJP +; O O +they B-NP B-NP +'re B-VP B-VP +not O O +all B-ADVP B-ADJP +fat B-ADJP I-ADJP +. O O + +HUGO'S B-NP B-NP +BLAST I-NP I-NP +generates B-VP B-VP +pleas B-NP B-NP +for B-PP B-PP +aid B-NP B-NP +from B-PP B-PP +South B-NP B-NP +Carolina I-NP I-NP +small I-NP I-NP +businesses I-NP I-NP +. O O + +The B-NP B-NP +Small I-NP I-NP +Business I-NP I-NP +Administration I-NP I-NP +has B-VP B-VP +received I-VP I-VP +more B-NP B-NP +than I-NP I-NP +5,000 I-NP I-NP +formal I-NP I-NP +requests I-NP I-NP +for B-PP B-PP +disaster B-NP B-NP +loans I-NP I-NP +because B-PP B-PP +of I-PP I-PP +the B-NP B-NP +hurricane I-NP I-NP +. O O + +About B-NP B-NP +45 I-NP I-NP +% I-NP I-NP +of B-PP B-PP +requests B-NP B-NP +for B-PP B-PP +SBA B-NP B-NP +relief I-NP I-NP +loans I-NP I-NP +, O O +which B-NP B-NP +also B-ADVP B-ADVP +are B-VP B-VP +available B-ADJP B-ADJP +to B-PP B-PP +homeowners B-NP B-NP +, O O +come B-VP B-VP +from B-PP B-PP +small B-NP B-NP +businesses I-NP I-NP +, O O +compared B-PP B-PP +with B-PP B-PP +a B-NP B-NP +25 I-NP I-NP +% I-NP I-NP +business I-NP I-NP +share I-NP I-NP +after B-PP B-PP +most B-NP B-NP +disasters I-NP I-NP +. O O + +The B-NP B-NP +SBA I-NP I-NP +expects B-VP B-VP +to I-VP I-VP +make I-VP I-VP +about B-NP B-NP +$ I-NP I-NP +1 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +Hurricane B-NP B-NP +Hugo I-NP I-NP +loans I-NP I-NP +. O O + +The B-NP B-NP +disaster I-NP I-NP +fund I-NP I-NP +is B-VP B-VP +replenished I-VP I-VP +by B-PP B-PP +loan B-NP B-NP +repayments I-NP I-NP +. O O + +Hardest B-VP B-NP +hit I-VP B-VP +by B-PP B-PP +Hugo B-NP B-NP +in B-PP B-PP +South B-NP B-NP +Carolina I-NP I-NP +were B-VP B-VP +small B-NP B-NP +retailers I-NP I-NP +tied B-VP B-VP +to B-PP B-PP +the B-NP B-NP +tourist I-NP I-NP +industry I-NP I-NP +and O O +businesses B-NP B-NP +in B-PP B-PP +agriculture B-NP B-NP +and O O +cultivated B-NP B-NP +seafood I-NP I-NP +. O O + +The B-NP B-NP +State I-NP I-NP +Development I-NP I-NP +Board I-NP I-NP +set B-VP B-VP +up B-PRT B-PRT +a B-NP B-NP +Hugo I-NP I-NP +Hotline I-NP I-NP +to B-VP B-VP +accept I-VP I-VP +business-to-business B-NP B-NP +help I-NP I-NP +. O O + +After B-SBAR B-SBAR +NBC B-NP B-NP +weather I-NP I-NP +man I-NP I-NP +Willard I-NP I-NP +Scott I-NP I-NP +broadcast B-VP B-VP +the B-NP B-NP +hot-line I-NP I-NP +number I-NP I-NP +, O O +it B-NP B-NP +was B-VP B-VP +flooded I-VP I-VP +with B-PP B-PP +10,000 B-NP B-NP +calls I-NP I-NP +. O O + +Last B-NP B-NP +week I-NP I-NP +, O O +the B-NP B-NP +U.S. I-NP I-NP +Chamber I-NP I-NP +of B-PP B-PP +Commerce B-NP B-NP +began B-VP B-VP +using I-VP I-VP +its B-NP B-NP +national I-NP I-NP +TV I-NP I-NP +show I-NP I-NP +to B-VP B-VP +seek I-VP I-VP +help B-NP B-NP +, O O +such B-PP B-PP +as I-PP I-PP +equipment B-NP B-NP +, O O +for B-PP B-PP +business B-NP B-NP +owners I-NP I-NP +. O O + +Local B-NP B-NP +bankers I-NP I-NP +and I-NP I-NP +accountants I-NP I-NP +help B-VP B-VP +applicants B-NP B-NP +fill B-VP B-VP +out B-PRT B-PRT +forms B-NP B-NP +. O O + +`` O O +It B-NP B-NP +helps B-VP B-VP +us B-NP B-NP +, O O +and O O +people B-NP B-NP +feel B-VP B-VP +better I-VP B-ADJP +talking I-VP B-VP +to B-PP B-PP +someone B-NP B-NP +who B-NP B-NP +'s B-VP B-VP +gone I-VP I-VP +through B-PP B-PP +the B-NP B-NP +same I-NP I-NP +thing I-NP I-NP +, O O +'' O O +an B-NP B-NP +SBA I-NP I-NP +official I-NP I-NP +says B-VP B-VP +. O O + +HEALTH B-NP B-NP +BENEFITS I-NP I-NP +remain B-VP B-VP +a B-NP B-NP +central I-NP I-NP +lobbying I-NP I-NP +effort I-NP I-NP +, O O +even B-ADVP B-SBAR +as B-SBAR I-SBAR +Section B-NP B-NP +89 I-NP I-NP +fades B-VP B-VP +. O O + +The B-NP B-NP +Senate I-NP I-NP +, O O +after B-PP B-PP +deleting B-VP B-VP +Section B-NP B-NP +89 I-NP I-NP +repeal I-NP I-NP +from B-PP B-PP +its B-NP B-NP +deficit-reduction I-NP I-NP +bill I-NP I-NP +, O O +still B-ADVP B-ADVP +is B-VP B-VP +expected I-VP I-VP +to I-VP I-VP +join I-VP I-VP +the B-NP B-NP +House I-NP I-NP +in B-PP B-PP +voting B-VP B-VP +to I-VP I-VP +kill I-VP I-VP +the B-NP B-NP +law I-NP I-NP +, O O +which B-NP B-NP +forces B-VP B-VP +companies B-NP B-NP +to B-VP B-VP +provide I-VP I-VP +comparable B-NP B-NP +benefits I-NP I-NP +to B-PP B-PP +laborers B-NP B-NP +and I-NP I-NP +executives I-NP I-NP +alike B-ADVP B-ADVP +. O O + +In B-PP B-PP +lobbying B-VP B-VP +on B-PP B-PP +other B-NP B-NP +health-coverage I-NP I-NP +topics I-NP I-NP +, O O +the B-NP B-NP +National I-NP I-NP +Federation I-NP I-NP +of B-PP B-PP +Independent B-NP B-NP +Business I-NP I-NP +will B-VP B-VP +press I-VP I-VP +for B-PP B-PP +legislation B-NP B-NP +that B-NP B-NP +would B-VP B-VP +give I-VP I-VP +self-employed B-NP B-NP +people I-NP I-NP +a B-NP B-NP +100 I-NP I-NP +% I-NP I-NP +tax I-NP I-NP +deduction I-NP I-NP +for B-PP B-PP +their B-NP B-NP +own I-NP I-NP +health I-NP I-NP +plans I-NP I-NP +, O O +up B-ADVP B-ADVP +from B-PP B-PP +25 B-NP B-NP +% I-NP I-NP +currently B-ADVP B-ADVP +. O O + +And O O +the B-NP B-NP +group I-NP I-NP +will B-VP B-VP +urge I-VP I-VP +that B-SBAR B-SBAR +the B-NP B-NP +federal I-NP I-NP +government I-NP I-NP +pre-empt B-VP B-VP +state B-NP B-NP +rules I-NP I-NP +on B-PP B-PP +what B-NP B-NP +must B-VP B-VP +be I-VP I-VP +covered I-VP I-VP +by B-PP B-PP +employers B-NP B-NP +' B-NP B-NP +health I-NP I-NP +insurance I-NP I-NP +. O O + +Small-business B-NP B-NP +groups I-NP I-NP +also B-ADVP B-ADVP +will B-VP B-VP +fight I-VP I-VP +the B-NP B-NP +medical-leave I-NP I-NP +provision I-NP I-NP +of B-PP B-PP +legislation B-NP B-NP +that B-NP B-NP +would B-VP B-VP +expand I-VP I-VP +parental B-NP B-NP +leaves I-NP I-NP +. O O + +And O O +they B-NP B-NP +still B-ADVP B-ADVP +oppose B-VP B-VP +as B-PP B-PP +too B-ADJP B-NP +costly I-ADJP I-NP +an B-NP B-NP +employer-paid I-NP I-NP +health I-NP I-NP +insurance I-NP I-NP +bill I-NP I-NP +sponsored B-VP B-VP +by B-PP B-PP +Sen. B-NP B-NP +Edward I-NP I-NP +Kennedy I-NP I-NP +-LRB- O O +D. B-NP B-NP +, O O +Mass B-NP B-NP +. O O +-RRB- O O +despite B-PP B-PP +his B-NP B-NP +proposal I-NP I-NP +to B-VP B-VP +phase I-VP I-VP +in B-PRT B-PRT +small B-NP B-NP +business I-NP I-NP +only B-ADVP B-ADVP +gradually I-ADVP I-ADVP +. O O + +There B-NP B-NP +is B-VP B-VP +also B-ADVP I-VP +worry B-NP B-NP +that B-SBAR B-SBAR +the B-NP B-NP +Pepper I-NP I-NP +Commission I-NP I-NP +studying B-VP B-VP +long-term B-NP B-NP +health I-NP I-NP +care I-NP I-NP +will B-VP B-VP +again I-VP I-VP +push I-VP I-VP +lawmakers B-NP B-NP +toward B-PP B-PP +employerpaid B-NP B-NP +solutions I-NP I-NP +. O O + +The B-NP B-NP +Section I-NP I-NP +89 I-NP I-NP +victory I-NP I-NP +could B-VP B-VP +have I-VP I-VP +a B-NP B-NP +downside I-NP I-NP +by B-PP B-PP +making B-VP B-VP +it B-NP B-NP +harder B-ADJP B-ADJP +to B-VP B-VP +oppose I-VP I-VP +lawmakers B-NP B-NP +on B-PP B-PP +other B-NP B-NP +health I-NP I-NP +proposals I-NP I-NP +. O O + +`` O O +With B-PP B-PP +the B-NP B-NP +repeal I-NP I-NP +of B-PP B-PP +Section B-NP B-NP +89 I-NP I-NP +, O O +we B-NP B-NP +can B-VP B-VP +no I-VP I-VP +longer I-VP I-VP +say I-VP I-VP +they B-NP B-NP +'re B-VP B-VP +discouraging I-VP I-VP +businesses B-NP B-NP +from B-PP B-PP +offering B-VP B-VP +health B-NP B-NP +plans I-NP I-NP +, O O +'' O O +says B-VP B-VP +Christine B-NP B-NP +Russell I-NP I-NP +, O O +the B-NP B-NP +Chamber I-NP I-NP +of B-PP B-PP +Commerce B-NP B-NP +'s B-NP B-NP +small-business I-NP I-NP +advocate I-NP I-NP +. O O + +JUMPING B-VP B-VP +THE B-NP B-NP +GUN I-NP I-NP +: O O + +Sen. B-NP B-NP +Lloyd I-NP I-NP +Bentsen I-NP I-NP +-LRB- O O +D. B-NP B-NP +, O O +Texas B-NP B-NP +-RRB- O O +was B-VP B-VP +outraged B-ADJP I-VP +after B-SBAR B-SBAR +a B-NP B-NP +private I-NP I-NP +word I-NP I-NP +to B-PP B-PP +John B-NP B-NP +Motley I-NP I-NP +, O O +lobbyist B-NP B-NP +for B-PP B-PP +the B-NP B-NP +National I-NP I-NP +Federation I-NP I-NP +of B-PP B-PP +Independent B-NP B-NP +Business I-NP I-NP +, O O +resulted B-VP B-VP +in B-PP B-PP +a B-NP B-NP +news I-NP I-NP +release I-NP I-NP +saying B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +Senate I-NP I-NP +Finance I-NP I-NP +Committee I-NP I-NP +chairman I-NP I-NP +would B-VP B-VP +recommend I-VP I-VP +repeal B-NP B-NP +of B-PP B-PP +Section B-NP B-NP +89 I-NP I-NP +. O O + +Even B-ADVP B-SBAR +though B-SBAR I-SBAR +the B-NP B-NP +announcement I-NP I-NP +was B-VP B-VP +true B-ADJP B-ADJP +in B-PP B-PP +the B-NP B-NP +end I-NP I-NP +, O O +it B-NP B-NP +was B-VP B-VP +issued I-VP I-VP +without B-PP B-PP +the B-NP B-NP +senator I-NP I-NP +'s B-NP B-NP +permission I-NP I-NP +. O O + +`` O O +I B-NP B-NP +blew B-VP B-VP +it B-NP B-NP +, O O +'' O O +Mr. B-NP B-NP +Motley I-NP I-NP +says B-VP B-VP +apologetically B-ADVP B-ADVP +. O O + +`` O O +It B-NP B-NP +was B-VP B-VP +a B-NP B-NP +timing I-NP I-NP +mistake I-NP I-NP +. O O +'' O O + +PRISON-SHOP B-NP B-NP +BLUES I-NP I-NP +: O O + +Sen. B-NP B-NP +Strom I-NP I-NP +Thurmond I-NP I-NP +-LRB- O O +R. B-NP B-NP +, O O +S.C B-NP B-NP +. O O +-RRB- O O +protests B-VP B-NP +pending B-NP B-VP +legislation I-NP B-NP +to B-VP B-VP +end I-VP I-VP +the B-NP B-NP +preference I-NP I-NP +that B-NP B-NP +the B-NP B-NP +federal I-NP I-NP +prison I-NP I-NP +system I-NP I-NP +gets B-VP B-VP +in B-PP B-PP +selling B-VP B-VP +prisoner-made B-NP B-NP +furniture I-NP I-NP +and O O +other B-NP B-NP +goods I-NP I-NP +to B-PP B-PP +government B-NP B-NP +agencies I-NP I-NP +. O O + +Small-business B-NP B-NP +suppliers I-NP I-NP +want B-VP B-VP +prisons B-NP B-NP +to B-VP B-VP +stop I-VP I-VP +getting I-VP I-VP +high B-NP B-NP +priority I-NP I-NP +, O O +especially B-ADVP B-ADVP +as B-SBAR B-SBAR +prison B-NP B-NP +production I-NP I-NP +grows B-VP B-VP +with B-PP B-PP +swelling B-NP B-NP +inmate I-NP I-NP +populations I-NP I-NP +. O O + +Last B-NP B-NP +year I-NP I-NP +, O O +the B-NP B-NP +prisons I-NP I-NP +' B-NP B-NP +sales I-NP I-NP +to B-PP B-PP +the B-NP B-NP +Pentagon I-NP I-NP +totaled B-VP B-VP +$ B-NP B-NP +336 I-NP I-NP +million I-NP I-NP +. O O + +REPAIR B-NP B-NP +SHOPS I-NP I-NP +SCRAP B-VP B-VP +for B-PP B-PP +more B-NP B-NP +access I-NP I-NP +to B-PP B-PP +work B-NP B-NP +on B-PP B-PP +auto-emissions B-NP B-NP +systems I-NP I-NP +. O O + +Groups B-NP B-NP +representing B-VP B-VP +some B-NP B-NP +independent I-NP I-NP +auto-repair I-NP I-NP +shops I-NP I-NP +join B-VP B-VP +a B-NP B-NP +compromise I-NP I-NP +on B-PP B-PP +the B-NP B-NP +Clean I-NP I-NP +Air I-NP I-NP +legislation I-NP I-NP +worked B-VP B-VP +out B-PRT B-PRT +between B-PP B-PP +environmentalists B-NP B-NP +and O O +Rep. B-NP B-NP +Henry I-NP I-NP +Waxman I-NP I-NP +-LRB- O O +D. B-NP B-NP +, O O +Calif B-NP B-NP +. O O +-RRB- O O +. O O + +The B-NP B-NP +plan I-NP I-NP +would B-VP B-VP +increase I-VP I-VP +the B-NP B-NP +warranty I-NP I-NP +on B-PP B-PP +auto-emission B-NP B-NP +systems I-NP I-NP +to B-PP B-PP +eight B-NP B-NP +years I-NP I-NP +or O O +80,000 B-NP B-NP +miles I-NP I-NP +from B-PP B-PP +five B-NP B-NP +years I-NP I-NP +or O O +50,000 B-NP B-NP +for B-PP B-PP +major B-NP B-NP +parts I-NP I-NP +. O O + +But O O +the B-NP B-NP +warranty I-NP I-NP +on B-PP B-PP +simpler B-NP B-NP +parts I-NP I-NP +would B-VP B-VP +be I-VP I-VP +lowered I-VP I-VP +to B-PP B-PP +two B-NP B-NP +years I-NP I-NP +or O O +24,000 B-NP B-NP +miles I-NP I-NP +. O O + +The B-NP B-NP +garage I-NP I-NP +owners I-NP I-NP +say B-VP B-VP +they B-NP B-NP +would B-VP B-VP +benefit I-VP I-VP +because B-SBAR B-SBAR +car B-NP B-NP +owners I-NP I-NP +would B-VP B-VP +be I-VP I-VP +less B-ADJP B-ADJP +likely I-ADJP I-ADJP +to B-VP B-VP +go I-VP I-VP +back B-ADVP B-ADVP +to B-PP B-PP +dealers B-NP B-NP +for B-PP B-PP +the B-NP B-NP +simpler I-NP I-NP +repairs I-NP I-NP +after B-PP B-PP +two B-NP B-NP +years I-NP I-NP +. O O + +The B-NP B-NP +repair I-NP I-NP +shops I-NP I-NP +are B-VP B-VP +n't I-VP I-VP +united I-VP I-VP +, O O +however B-ADVP B-ADVP +. O O + +Shops B-NP B-NP +represented B-VP B-VP +by B-PP B-PP +the B-NP B-NP +Automotive I-NP I-NP +Service I-NP I-NP +Industry I-NP I-NP +Association I-NP I-NP +and O O +the B-NP B-NP +Motor I-NP I-NP +Equipment I-NP I-NP +Manufacturers I-NP I-NP +Association I-NP I-NP +oppose B-VP B-VP +any B-NP B-NP +increase I-NP I-NP +in B-PP B-PP +warranty B-NP B-NP +length I-NP I-NP +. O O + +They B-NP B-NP +say B-VP B-VP +the O O +longer O O +the B-NP B-NP +warranty I-NP I-NP +, O O +the O O +longer O O +customers B-NP B-NP +will B-VP B-VP +automatically I-VP I-VP +return I-VP I-VP +to B-PP B-PP +new-car B-NP B-NP +dealers I-NP I-NP +, O O +which B-NP B-NP +then B-ADVP B-ADVP +find B-VP B-VP +non-warranty B-NP B-NP +work I-NP I-NP +that B-NP B-NP +might B-VP B-VP +otherwise I-VP I-VP +go I-VP I-VP +to B-PP B-PP +repair B-NP B-VP +shops I-NP B-NP +. O O + +The B-NP B-NP +House I-NP I-NP +Energy I-NP I-NP +Committee I-NP I-NP +will B-VP B-VP +debate I-VP I-VP +the B-NP B-NP +issue I-NP I-NP +later B-NP B-NP +this I-NP I-NP +month I-NP I-NP +. O O + +Stan B-NP B-NP +Hathcock I-NP I-NP +, O O +an B-NP B-NP +Atlanta I-NP I-NP +garage I-NP I-NP +owner I-NP I-NP +who B-NP B-NP +opposes B-VP B-VP +a B-NP B-NP +longer I-NP I-NP +warranty I-NP I-NP +, O O +estimates B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +current I-NP I-NP +plan I-NP I-NP +costs B-VP B-VP +him B-NP B-NP +as B-NP B-NP +much I-NP I-NP +as I-NP I-NP +$ I-NP I-NP +15,000 I-NP I-NP +a B-NP B-NP +year I-NP I-NP +in B-PP B-PP +lost B-NP B-NP +business I-NP I-NP +. O O + +SMALL B-NP B-NP +TALK I-NP I-NP +: O O + +Some B-NP B-NP +70 I-NP I-NP +% I-NP I-NP +of B-PP B-PP +graduates B-NP B-NP +who B-NP B-NP +recently B-ADVP B-ADVP +earned B-VP B-VP +an B-NP B-NP +M.B.A. I-NP I-NP +degree I-NP I-NP +say B-VP B-VP +they B-NP B-NP +'d B-VP B-VP +prefer I-VP I-VP +to I-VP I-VP +work I-VP I-VP +in B-PP B-ADVP +or O O +own B-VP B-VP +a B-NP B-NP +small I-NP I-NP +company I-NP I-NP +, O O +yet O O +most B-NP B-NP +take B-VP B-VP +jobs B-NP B-NP +with B-PP B-PP +large B-NP B-NP +concerns I-NP I-NP +, O O +says B-VP B-VP +a B-NP B-NP +survey I-NP I-NP +by B-PP B-PP +the B-NP B-NP +Foster I-NP I-NP +McKay I-NP I-NP +Group I-NP I-NP +, O O +a B-NP B-NP +New I-NP I-NP +York I-NP I-NP +recruiting I-NP I-NP +firm I-NP I-NP +... O O +. O O + +Cardinal B-NP B-NP +Scientific I-NP I-NP +Inc. I-NP I-NP +of B-PP B-PP +Waldorf B-NP B-NP +, O O +Md. B-NP B-NP +, O O +seeks B-VP B-VP +a B-NP B-NP +Small I-NP I-NP +Business I-NP I-NP +Innovation I-NP I-NP +Research I-NP I-NP +grant I-NP I-NP +to B-VP B-VP +produce I-VP I-VP +a B-NP B-NP +`` I-NP I-NP +nozzle I-NP I-NP +assembly I-NP I-NP +for B-PP B-PP +an B-NP B-NP +Army I-NP I-NP +mass I-NP I-NP +delousing I-NP I-NP +outfit I-NP I-NP +. O O + +Banc B-NP B-NP +One I-NP I-NP +Corp. I-NP I-NP +said B-VP B-VP +Frank B-NP B-NP +E. I-NP I-NP +McKinney I-NP I-NP +plans B-VP B-VP +to I-VP I-VP +retire I-VP I-VP +as B-PP B-PP +the B-NP B-NP +bank I-NP I-NP +holding I-NP I-NP +company I-NP I-NP +'s B-NP B-NP +president I-NP I-NP +effective B-PP B-ADJP +Jan. B-NP B-NP +12 I-NP I-NP +. O O + +Banc B-NP B-NP +One I-NP I-NP +said B-VP B-VP +`` O O +it B-NP B-NP +is B-VP B-VP +contemplated I-VP I-VP +'' O O +that B-SBAR B-SBAR +John B-NP B-NP +B. I-NP I-NP +McCoy I-NP I-NP +, O O +chairman B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +officer I-NP I-NP +, O O +will B-VP B-VP +assume I-VP I-VP +the B-NP B-NP +additional I-NP I-NP +position I-NP I-NP +of B-PP B-PP +president B-NP B-NP +upon B-PP B-PP +Mr. B-NP B-NP +McKinney I-NP I-NP +'s B-NP B-NP +retirement I-NP I-NP +. O O + +Mr. B-NP B-NP +McKinney I-NP I-NP +, O O +50 B-NP B-NP +years I-NP I-NP +old B-ADJP B-ADJP +, O O +was B-VP B-VP +chairman B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +of B-PP B-PP +American B-NP B-NP +Fletcher I-NP I-NP +Corp. I-NP I-NP +, O O +Indianapolis B-NP B-NP +, O O +when B-ADVP B-ADVP +that B-NP B-NP +bank I-NP I-NP +holding I-NP I-NP +company I-NP I-NP +merged B-VP B-VP +into B-PP B-PP +Banc B-NP B-NP +One I-NP I-NP +in B-PP B-PP +January B-NP B-NP +1987 I-NP I-NP +. O O + +The B-NP B-NP +company I-NP I-NP +said B-VP B-VP +Mr. B-NP B-NP +McKinney I-NP I-NP +plans B-VP B-VP +to I-VP I-VP +retire I-VP I-VP +because B-SBAR B-SBAR +the B-NP B-NP +process I-NP I-NP +of B-PP B-PP +affiliating B-VP B-VP +American B-NP B-NP +Fletcher I-NP I-NP +into B-PP B-PP +Banc B-NP B-NP +One I-NP I-NP +`` O O +is B-VP B-VP +considered I-VP I-VP +completed B-ADJP B-ADJP +. O O +'' O O + +Mr. B-NP B-NP +McKinney I-NP I-NP +will B-VP B-VP +continue I-VP I-VP +as B-PP B-PP +chairman B-NP B-NP +of B-PP B-PP +the B-NP B-NP +board I-NP I-NP +and O O +chairman B-NP B-NP +of B-PP B-PP +the B-NP B-NP +executive I-NP I-NP +committee I-NP I-NP +of B-PP B-PP +Banc B-NP B-NP +One I-NP I-NP +Indiana I-NP I-NP +Corp. I-NP I-NP +, O O +the B-NP B-NP +successor I-NP I-NP +company I-NP I-NP +to B-PP B-PP +American B-NP B-NP +Fletcher I-NP I-NP +Corp. I-NP I-NP +, O O +but O O +will B-VP B-VP +no I-VP I-VP +longer I-VP I-VP +be I-VP I-VP +active B-ADJP B-ADJP +in B-PP B-PP +day-to-day B-NP B-NP +management I-NP I-NP +. O O + +He B-NP B-NP +will B-VP B-VP +remain I-VP I-VP +on B-PP B-PP +the B-NP B-NP +Banc I-NP I-NP +One I-NP I-NP +board I-NP I-NP +. O O + +The B-NP B-NP +Treasury I-NP I-NP +plans B-VP B-VP +to I-VP I-VP +raise I-VP I-VP +$ B-NP B-NP +1.55 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +new B-NP B-NP +cash I-NP I-NP +with B-PP B-PP +the B-NP B-NP +sale I-NP I-NP +Monday B-NP B-NP +of B-PP B-PP +about B-NP B-NP +$ I-NP I-NP +15.6 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +short-term B-NP B-NP +bills I-NP I-NP +to B-VP B-VP +redeem I-VP I-VP +$ B-NP B-NP +14.1 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +maturing B-NP B-NP +bills I-NP I-NP +. O O + +The B-NP B-NP +offering I-NP I-NP +will B-VP B-VP +be I-VP I-VP +divided I-VP I-VP +evenly B-ADVP B-ADVP +between B-PP B-PP +13-week B-NP B-NP +and I-NP I-NP +26-week I-NP I-NP +bills I-NP I-NP +maturing B-VP B-VP +on B-PP B-PP +Jan. B-NP B-NP +25 I-NP I-NP +, I-NP I-NP +1990 I-NP I-NP +, O O +and O O +April B-NP B-NP +26 I-NP I-NP +, I-NP I-NP +1990 I-NP I-NP +, O O +respectively B-ADVP B-ADVP +. O O + +Tenders B-NP B-NP +for B-PP B-PP +the B-NP B-NP +bills I-NP I-NP +, O O +available B-ADJP B-ADJP +in B-PP B-PP +minimum B-NP B-NP +$ I-NP I-NP +10,000 I-NP I-NP +denominations I-NP I-NP +, O O +must B-VP B-VP +be I-VP I-VP +received I-VP I-VP +by B-PP B-PP +1 B-NP B-NP +p.m. I-NP I-NP +EDT I-NP I-NP +Monday I-NP B-NP +at B-PP B-PP +the B-NP B-NP +Treasury I-NP I-NP +or B-PP B-PP +at B-PP B-PP +Federal B-NP B-NP +Reserve I-NP I-NP +banks I-NP I-NP +or I-NP I-NP +branches I-NP I-NP +. O O + +Moody B-NP B-NP +'s B-NP B-NP +Investors I-NP I-NP +Service I-NP I-NP +Inc. I-NP I-NP +said B-VP B-VP +it B-NP B-NP +lowered B-VP B-VP +ratings B-NP B-NP +on B-PP B-PP +about B-NP B-NP +$ I-NP I-NP +650 I-NP I-NP +million I-NP I-NP +of B-PP B-PP +Beatrice B-NP B-NP +Co. I-NP I-NP +debt I-NP I-NP +, O O +citing B-VP B-VP +the B-NP B-NP +closely I-NP I-NP +held I-NP I-NP +Chicago I-NP I-NP +food I-NP I-NP +concern I-NP I-NP +'s B-NP B-NP +proposed I-NP I-NP +recapitalization I-NP I-NP +. O O + +The B-NP B-NP +ratings I-NP I-NP +concern I-NP I-NP +said B-VP B-VP +it B-NP B-NP +downgraded B-VP B-VP +Beatrice B-NP B-NP +notes I-NP I-NP +, O O +Euronotes B-NP B-NP +and O O +certain B-NP B-NP +industrial I-NP I-NP +revenue I-NP I-NP +bonds I-NP I-NP +to B-PP B-PP +single-B-1 B-NP B-NP +from B-PP B-PP +Ba-3 B-NP B-NP +and O O +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +subordinated I-NP I-NP +debentures I-NP I-NP +to B-PP B-PP +single-B-3 B-NP B-NP +from B-PP B-PP +single-B-2 B-NP B-NP +. O O + +Moody B-NP B-NP +'s B-NP I-NP +said B-VP B-VP +the B-NP B-NP +proposed I-NP I-NP +recaptilization I-NP I-NP +may B-VP B-VP +`` O O +limit B-VP B-VP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +ability I-NP I-NP +to B-VP B-VP +realize I-VP I-VP +its B-NP B-NP +profit I-NP I-NP +potential I-NP I-NP +'' O O +and O O +that B-SBAR B-SBAR +paying B-VP B-VP +dividends B-NP B-NP +from B-PP B-PP +a B-NP B-NP +new I-NP I-NP +series I-NP I-NP +of B-PP B-PP +preferred B-NP B-NP +could B-VP B-VP +squeeze I-VP I-VP +`` O O +basic B-NP B-NP +business I-NP I-NP +operations I-NP I-NP +. O O +'' O O + +A B-NP B-NP +Beatrice I-NP I-NP +spokesman I-NP I-NP +did B-VP B-VP +n't I-VP I-VP +return I-VP I-VP +calls B-NP B-NP +seeking B-VP B-VP +comment B-NP B-NP +. O O + +Beatrice B-NP B-NP +, O O +which B-NP B-NP +went B-VP B-VP +private B-ADJP B-ADJP +in B-PP B-PP +an B-NP B-NP +$ I-NP I-NP +8.2 I-NP I-NP +billion I-NP I-NP +leveraged I-NP I-NP +buy-out I-NP I-NP +in B-PP B-PP +1986 B-NP B-NP +, O O +said B-VP B-VP +last B-NP B-NP +month I-NP I-NP +that B-SBAR B-SBAR +it B-NP B-NP +might B-VP B-VP +borrow I-VP I-VP +again B-ADVP B-ADVP +to B-VP B-VP +help I-VP I-VP +pay I-VP I-VP +investors B-NP B-NP +as B-NP B-NP +much I-NP I-NP +as I-NP I-NP +$ I-NP I-NP +983 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +preferred B-NP B-NP +stock I-NP I-NP +and O O +debt B-NP B-NP +securities I-NP I-NP +. O O + +When B-ADVP B-ADVP +the B-NP B-NP +Soviets I-NP I-NP +announced B-VP B-VP +their B-NP B-NP +last I-NP I-NP +soldier I-NP I-NP +had B-VP B-VP +left I-VP I-VP +Afghanistan B-NP B-NP +in B-PP B-PP +February B-NP B-NP +, O O +the B-NP B-NP +voices I-NP I-NP +of B-PP B-PP +skepticism B-NP B-NP +were B-VP B-VP +all I-VP I-VP +but I-VP I-VP +drowned I-VP I-VP +out B-PRT B-PRT +by B-PP B-PP +an B-NP B-NP +international I-NP I-NP +chorus I-NP I-NP +of B-PP B-PP +euphoria B-NP B-NP +. O O + +It B-NP B-NP +was B-VP B-VP +`` O O +the B-NP B-NP +Soviets I-NP I-NP +' B-NP B-NP +Vietnam I-NP I-NP +. O O +'' O O + +The B-NP B-NP +Kabul I-NP I-NP +regime I-NP I-NP +would B-VP B-VP +fall I-VP I-VP +. O O + +Millions B-NP B-NP +of B-PP B-PP +refugees B-NP B-NP +would B-VP B-VP +rush I-VP I-VP +home B-ADVP B-ADVP +. O O + +A B-NP B-NP +resistance I-NP I-NP +government I-NP I-NP +would B-VP B-VP +walk I-VP I-VP +into B-PP B-PP +Kabul B-NP B-NP +. O O + +Those B-NP B-NP +who B-NP B-NP +bought B-VP B-VP +that B-NP B-NP +illusion I-NP I-NP +are B-VP B-VP +now B-ADVP I-VP +bewildered B-ADJP I-VP +. O O + +Eight B-NP B-NP +months I-NP I-NP +after B-SBAR B-SBAR +Gen. B-NP B-NP +Boris I-NP I-NP +Gromov I-NP I-NP +walked B-VP B-VP +across B-PP B-PP +the B-NP B-NP +bridge I-NP I-NP +into B-PP B-PP +the B-NP B-NP +U.S.S.R. I-NP I-NP +, O O +a B-NP B-NP +Soviet-controlled I-NP I-NP +regime I-NP I-NP +remains B-VP B-VP +in B-PP B-PP +Kabul B-NP B-NP +, O O +the B-NP B-NP +refugees I-NP I-NP +sit B-VP B-VP +in B-PP B-PP +their B-NP B-NP +camps I-NP I-NP +, O O +and O O +the B-NP B-NP +restoration I-NP I-NP +of B-PP B-PP +Afghan B-NP B-NP +freedom I-NP I-NP +seems B-VP B-VP +as B-ADVP B-ADJP +far I-ADVP I-ADJP +off I-ADVP I-ADJP +as B-PP B-PP +ever B-ADVP B-ADVP +. O O + +But O O +there B-NP B-NP +never B-ADVP B-ADVP +was B-VP B-VP +a B-NP B-NP +chance I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +Afghan I-NP I-NP +resistance I-NP I-NP +would B-VP B-VP +overthrow I-VP I-VP +the B-NP B-NP +Kabul I-NP I-NP +regime I-NP I-NP +quickly B-ADVP B-ADVP +and I-ADVP I-ADVP +easily I-ADVP I-ADVP +. O O + +Soviet B-NP B-NP +leaders I-NP I-NP +said B-VP B-VP +they B-NP B-NP +would B-VP B-VP +support I-VP I-VP +their B-NP B-NP +Kabul I-NP I-NP +clients I-NP I-NP +by B-PP B-PP +all B-NP B-NP +means I-NP I-NP +necessary B-ADJP B-ADJP +-- O O +and O O +did B-VP B-VP +. O O + +The B-NP B-NP +U.S. I-NP I-NP +said B-VP B-VP +it B-NP B-NP +would B-VP B-VP +fully I-VP I-VP +support I-VP I-VP +the B-NP B-NP +resistance I-NP I-NP +-- O O +and O O +did B-VP B-VP +n't O O +. O O + +With B-PP B-PP +the B-NP B-NP +February I-NP I-NP +1987 I-NP I-NP +U.N. I-NP I-NP +accords I-NP I-NP +`` O O +relating B-VP B-VP +to B-PP B-PP +Afghanistan B-NP B-NP +, O O +'' O O +the B-NP B-NP +Soviet I-NP I-NP +Union I-NP I-NP +got B-VP B-VP +everything B-NP B-NP +it B-NP B-NP +needed B-VP B-VP +to B-VP B-VP +consolidate I-VP I-VP +permanent B-NP B-NP +control I-NP I-NP +. O O + +The B-NP B-NP +terms I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Geneva I-NP I-NP +accords I-NP I-NP +leave B-VP B-VP +Moscow B-NP B-NP +free B-ADJP B-ADJP +to B-VP B-VP +provide I-VP I-VP +its B-NP B-NP +clients I-NP I-NP +in B-PP B-PP +Kabul B-NP B-NP +with B-PP B-PP +assistance B-NP B-NP +of B-PP B-PP +any B-NP B-NP +kind I-NP I-NP +-- O O +including B-PP B-PP +the B-NP B-NP +return I-NP I-NP +of B-PP B-PP +Soviet B-NP B-NP +ground I-NP I-NP +forces I-NP I-NP +-- O O +while B-SBAR B-SBAR +requiring B-VP B-VP +the B-NP B-NP +U.S. I-NP I-NP +and O O +Pakistan B-NP B-NP +to B-VP B-VP +cut I-VP I-VP +off B-PRT B-PRT +aid B-NP B-NP +. O O + +The B-NP B-NP +only I-NP I-NP +fly I-NP I-NP +in B-PP B-PP +the B-NP B-NP +Soviet I-NP I-NP +ointment I-NP I-NP +was B-VP B-VP +the B-NP B-NP +last-minute I-NP I-NP +addition I-NP I-NP +of B-PP B-PP +a B-NP B-NP +unilateral I-NP I-NP +American I-NP I-NP +caveat I-NP I-NP +, O O +that O B-SBAR +U.S. B-NP B-NP +aid I-NP I-NP +to B-PP B-PP +the B-NP B-NP +resistance I-NP I-NP +would B-VP B-VP +continue I-VP I-VP +as B-ADVP B-ADVP +long I-ADVP I-ADVP +as B-SBAR B-SBAR +Soviet B-NP B-NP +aid I-NP I-NP +to B-PP B-PP +Kabul B-NP B-NP +did B-VP B-VP +. O O + +But O O +as B-ADVP B-ADVP +soon I-ADVP I-ADVP +as B-SBAR B-SBAR +the B-NP B-NP +accords I-NP I-NP +were B-VP B-VP +signed I-VP I-VP +, O O +American B-NP B-NP +officials I-NP I-NP +sharply B-VP B-ADVP +reduced I-VP B-VP +aid B-NP B-NP +. O O + +In B-PP B-PP +February B-NP B-NP +1989 I-NP I-NP +, O O +when B-ADVP B-ADVP +the B-NP B-NP +Soviets I-NP I-NP +said B-VP B-VP +they B-NP B-NP +had B-VP B-VP +completed I-VP I-VP +their B-NP B-NP +pullout I-NP I-NP +, O O +the B-NP B-NP +U.S. I-NP I-NP +cut B-VP B-VP +it B-NP B-NP +further B-ADVP B-ADVP +. O O + +Not B-ADVP B-ADVP +so I-ADVP I-ADVP +the B-NP B-NP +Soviets I-NP I-NP +. O O + +Gen. B-NP B-NP +Gromov I-NP I-NP +himself I-NP B-NP +said B-VP B-VP +Soviet B-NP B-NP +troops I-NP I-NP +expected B-VP B-VP +to I-VP I-VP +leave I-VP I-VP +behind B-ADVP B-PRT +more B-NP B-NP +than I-NP I-NP +$ I-NP I-NP +1 I-NP I-NP +billion I-NP I-NP +of B-PP B-PP +military B-NP B-NP +equipment I-NP I-NP +and I-NP I-NP +installations I-NP I-NP +for B-PP B-PP +the B-NP B-NP +Kabul I-NP I-NP +regime I-NP I-NP +. O O + +Since B-PP B-PP +the B-NP B-NP +troop I-NP I-NP +withdrawal I-NP I-NP +, O O +Moscow B-NP B-NP +has B-VP B-VP +poured I-VP I-VP +in B-PRT B-PRT +an B-NP B-NP +additional I-NP I-NP +$ I-NP I-NP +200 I-NP I-NP +to I-NP I-NP +$ I-NP I-NP +300 I-NP I-NP +million I-NP I-NP +worth B-NP I-NP +per B-PP B-PP +month B-NP B-NP +-- O O +nearly B-NP B-NP +$ I-NP I-NP +2 I-NP I-NP +billion I-NP I-NP +since B-PP B-PP +February B-NP B-NP +, O O +equivalent B-ADJP B-ADJP +to B-PP B-PP +the B-NP B-NP +total I-NP I-NP +U.S. I-NP I-NP +aid I-NP I-NP +to B-PP B-PP +the B-NP B-NP +resistance I-NP I-NP +in B-PP B-PP +nine B-NP B-NP +years I-NP I-NP +. O O + +This B-NP B-NP +includes B-VP B-VP +what B-NP B-NP +Deputy B-NP B-NP +Foreign I-NP I-NP +Minister I-NP I-NP +Yuli I-NP I-NP +Vorontsov I-NP I-NP +fetchingly B-ADVP B-ADVP +called B-VP B-VP +`` O O +new B-NP B-NP +peaceful I-NP I-NP +long-range I-NP I-NP +weapons I-NP I-NP +, O O +'' O O +including B-PP B-PP +more B-NP B-NP +than I-NP I-NP +800 I-NP I-NP +SCUD I-NP I-NP +missiles I-NP I-NP +. O O + +By B-PP B-PP +early B-NP B-NP +May I-NP I-NP +, O O +Moscow B-NP B-NP +had B-VP B-VP +delivered I-VP I-VP +, O O +for B-PP B-PP +example B-NP B-NP +, O O +1,000 B-NP B-NP +trucks I-NP I-NP +, O O +about B-NP B-NP +100 I-NP I-NP +tanks I-NP I-NP +, O I-NP +artillery B-NP I-NP +and O I-NP +hundreds B-NP I-NP +of B-PP B-PP +other B-NP B-NP +combat I-NP I-NP +vehicles I-NP I-NP +. O O + +Later B-NP B-NP +that I-NP I-NP +month I-NP I-NP +, O O +it B-NP B-NP +added B-VP B-VP +an B-NP B-NP +entire I-NP I-NP +tank I-NP I-NP +brigade I-NP I-NP +, O O +including B-PP B-PP +120 B-NP B-NP +T-72 I-NP I-NP +tanks I-NP I-NP +and O O +more B-NP B-NP +than I-NP I-NP +40 I-NP I-NP +BMP I-NP I-NP +state-of-the-art I-NP I-NP +infantry I-NP I-NP +fighting I-NP I-NP +vehicles I-NP I-NP +. O O + +By B-PP B-PP +September B-NP B-NP +, O O +a B-NP B-NP +new I-NP I-NP +Reinforced I-NP I-NP +Motorized I-NP I-NP +Rifle I-NP I-NP +Brigade I-NP I-NP +with B-PP B-PP +an B-NP B-NP +additional I-NP I-NP +300 I-NP I-NP +combat I-NP I-NP +vehicles I-NP I-NP +, O O +1,000 B-NP B-NP +more I-NP I-NP +trucks I-NP I-NP +and O O +10,000 B-NP B-NP +Soviet-trained I-NP I-NP +Afghan I-NP I-NP +troops I-NP I-NP +had B-VP B-VP +arrived I-VP I-VP +in B-PP B-PP +Kandahar B-NP B-NP +. O O + +In B-PP B-PP +the B-NP B-NP +last I-NP I-NP +few I-NP I-NP +weeks I-NP I-NP +, O O +Moscow B-NP B-NP +has B-VP B-VP +added I-VP I-VP +FROG-7B B-NP B-NP +missiles I-NP I-NP +, O O +the B-NP B-NP +bomber I-NP I-NP +version I-NP I-NP +of B-PP B-PP +the B-NP B-NP +An-12 I-NP I-NP +, O I-NP +MiG-23BN B-NP I-NP +high-altitude I-NP I-NP +aircraft I-NP I-NP +, O O +MiG-29s B-NP B-NP +, O O +which B-NP B-NP +can B-VP B-VP +outfly I-VP I-VP +Pakistan B-NP B-NP +'s B-NP B-NP +U.S.-built I-NP I-NP +F16s I-NP I-NP +, O O +and O O +Sukhoi B-NP B-NP +SU-27 I-NP I-NP +fighter-bombers I-NP I-NP +, O O +which B-NP B-NP +can B-VP B-VP +outfly I-VP I-VP +the B-NP B-NP +MiG-29s I-NP I-NP +. O O + +Moscow B-NP B-NP +claims B-VP B-VP +this B-NP B-NP +is B-VP B-VP +all O O +needed B-VP B-VP +to B-VP B-VP +protect I-VP I-VP +the B-NP B-NP +Kabul I-NP I-NP +regime I-NP I-NP +against B-PP B-PP +the B-NP B-NP +guerrilla I-NP I-NP +resistance I-NP I-NP +. O O + +It B-NP B-NP +is B-VP B-VP +well-known B-ADJP B-ADJP +that B-SBAR B-SBAR +the B-NP B-NP +regular I-NP I-NP +Afghan I-NP I-NP +infantry I-NP I-NP +is B-VP B-VP +filled I-VP I-VP +with B-PP B-PP +reluctant B-NP B-NP +conscripts I-NP I-NP +. O O + +But O O +this B-NP B-NP +is B-VP B-VP +not O O +the B-NP B-NP +entire I-NP I-NP +Afghan I-NP I-NP +army I-NP I-NP +, O O +and O O +it B-NP B-NP +is B-VP B-VP +no B-ADVP B-ADVP +longer I-ADVP I-ADVP +Kabul B-NP B-NP +'s B-NP B-NP +only I-NP I-NP +military I-NP I-NP +force I-NP I-NP +. O O + +Complete B-NP B-NP +units I-NP I-NP +have B-VP B-VP +been I-VP I-VP +trained I-VP I-VP +and I-VP I-VP +indoctrinated I-VP I-VP +in B-PP B-PP +the B-NP B-NP +U.S.S.R. I-NP I-NP +and O O +other B-NP B-NP +East I-NP I-NP +bloc I-NP I-NP +nations I-NP I-NP +; O O +30,000 B-NP B-NP +to I-NP I-NP +40,000 I-NP I-NP +of B-PP B-PP +these B-NP B-NP +troops I-NP I-NP +have B-VP B-VP +returned I-VP I-VP +. O O + +In B-PP B-PP +addition B-NP B-NP +, O O +the B-NP B-NP +regime I-NP I-NP +has B-VP B-VP +established I-VP I-VP +well-paid B-NP B-NP +paramilitary I-NP I-NP +forces I-NP I-NP +totaling B-VP B-VP +more B-NP B-NP +than B-PP I-NP +100,000 O I-NP +, O O +including B-PP B-PP +35,000 B-NP B-NP +Soviet-trained I-NP I-NP +troops I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Interior I-NP I-NP +Ministry I-NP I-NP +-LRB- O O +KHAD\/WAD B-NP B-NP +-RRB- O O +, O O +which B-NP B-NP +still B-ADVP B-ADVP +is B-VP B-VP +directed I-VP I-VP +by B-PP B-PP +1,500 B-NP B-NP +Soviet I-NP I-NP +KGB I-NP I-NP +officers I-NP I-NP +. O O + +Even B-ADVP B-SBAR +if B-SBAR I-SBAR +not B-NP B-NP +all I-NP I-NP +these I-NP I-NP +forces I-NP I-NP +are B-VP B-VP +committed B-ADJP B-ADJP +to B-PP B-PP +the B-NP B-NP +regime I-NP I-NP +, O O +they B-NP B-NP +are B-VP B-VP +now B-ADVP B-ADVP +dependent B-ADJP B-ADJP +on B-PP B-PP +it B-NP B-NP +. O O + +And O O +thousands B-NP B-NP +of B-PP B-PP +Afghan B-NP B-NP +children I-NP I-NP +have B-VP B-VP +been I-VP I-VP +taken I-VP I-VP +to B-PP B-PP +the B-NP B-NP +Soviet I-NP I-NP +Union I-NP I-NP +, O O +where B-ADVP B-ADVP +they B-NP B-NP +are B-VP B-VP +hostage B-NP B-ADJP +for B-PP B-PP +the B-NP B-NP +behavior I-NP I-NP +of B-PP B-PP +their B-NP B-NP +families I-NP I-NP +. O O + +Since B-PP B-PP +1981 B-NP B-NP +, O O +Indian B-NP B-NP +military I-NP I-NP +advisers I-NP I-NP +have B-VP B-VP +been I-VP I-VP +assisting I-VP I-VP +the B-NP B-NP +Kabul I-NP I-NP +regime I-NP I-NP +. O O + +In B-PP B-PP +preparation B-NP B-NP +for B-PP B-PP +the B-NP B-NP +withdrawal I-NP I-NP +, O O +Moscow B-NP B-NP +, O O +Kabul B-NP B-NP +and O O +New B-NP B-NP +Delhi I-NP I-NP +signed B-VP B-VP +two B-NP B-NP +agreements I-NP I-NP +for B-SBAR B-PP +several B-NP B-NP +hundred I-NP I-NP +newly I-NP I-NP +civilian I-NP I-NP +Indian I-NP I-NP +experts I-NP I-NP +to B-VP B-VP +replace I-VP I-VP +some B-NP B-NP +of B-PP B-PP +the B-NP B-NP +more I-NP I-NP +visible I-NP I-NP +Soviet I-NP I-NP +military I-NP I-NP +personnel I-NP I-NP +. O O + +Cuban B-NP B-NP +military I-NP I-NP +personnel I-NP I-NP +also B-ADVP B-ADVP +have B-VP B-VP +been I-VP I-VP +active B-ADJP B-ADJP +in B-PP B-PP +Afghanistan B-NP B-NP +since B-PP B-PP +1979 B-NP B-NP +. O O + +The B-NP B-NP +Soviets I-NP I-NP +cut B-VP B-VP +a B-NP B-NP +deal I-NP I-NP +with B-PP B-PP +Iran B-NP B-NP +: O O +a B-NP B-NP +future I-NP I-NP +Iranian I-NP I-NP +role I-NP I-NP +in B-PP B-PP +Afghanistan B-NP B-NP +in B-PP B-PP +exchange B-NP B-NP +for B-PP B-PP +Iranian B-NP B-NP +support I-NP I-NP +of B-PP B-PP +Soviet B-NP B-NP +policy I-NP I-NP +. O O + +The B-NP B-NP +deal I-NP I-NP +was B-VP B-VP +symbolized I-VP I-VP +by B-PP B-PP +the B-NP B-NP +restoration I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Shi'ite I-NP I-NP +Sultan I-NP I-NP +Ali I-NP I-NP +Keshtmand I-NP I-NP +to B-PP B-PP +the B-NP B-NP +Afghan I-NP I-NP +prime I-NP I-NP +ministry I-NP I-NP +. O O + +Moreover B-ADVP B-ADVP +, O O +serious B-NP B-NP +questions I-NP I-NP +have B-VP B-VP +been I-VP I-VP +raised I-VP I-VP +about B-PP B-PP +the B-NP B-NP +claimed I-NP I-NP +withdrawal I-NP I-NP +of B-PP B-PP +Soviet B-NP B-NP +forces I-NP I-NP +. O O + +Before B-PP B-PP +his B-NP B-NP +assassination I-NP I-NP +in B-PP B-PP +1988 B-NP B-NP +, O O +President B-NP B-NP +Zia I-NP I-NP +of B-PP B-PP +Pakistan B-NP B-NP +repeatedly B-ADVP B-ADVP +stated B-VP B-VP +that B-SBAR B-SBAR +fresh B-NP B-NP +Soviet I-NP I-NP +troops I-NP I-NP +were B-VP B-VP +being I-VP I-VP +inserted I-VP I-VP +into B-PP B-PP +Afghanistan B-NP B-NP +even B-ADVP B-SBAR +as B-SBAR I-SBAR +others B-NP B-NP +were B-VP B-VP +ostentatiously I-VP I-VP +withdrawn I-VP I-VP +. O O + +Rep. B-NP B-NP +Bill I-NP I-NP +McCollum I-NP I-NP +-LRB- O O +R. B-NP B-NP +, O O +Fla. B-NP B-NP +-RRB- O O +reports B-VP B-VP +that B-SBAR B-SBAR +these B-NP B-NP +included B-VP B-VP +20,000 B-NP B-NP +to I-NP I-NP +30,000 I-NP I-NP +Soviet I-NP I-NP +Central I-NP I-NP +Asian I-NP I-NP +KGB I-NP I-NP +Border I-NP I-NP +Guards I-NP I-NP +, O O +ethnically B-ADJP B-ADJP +indistinguishable I-ADJP I-ADJP +from B-PP B-PP +Afghans B-NP B-NP +and O O +wearing B-VP B-VP +unmarked B-NP B-NP +uniforms I-NP I-NP +. O O + +Meanwhile B-ADVP B-ADVP +, O O +the B-NP B-NP +Kabul I-NP I-NP +regime I-NP I-NP +is B-VP B-VP +increasingly B-ADJP B-ADVP +successful I-ADJP B-ADJP +at B-PP B-PP +portraying B-VP B-VP +the B-NP B-NP +resistance I-NP I-NP +as B-PP B-PP +bloody-minded B-NP B-NP +fanatics I-NP I-NP +. O O + +In B-PP B-PP +this B-NP B-NP +they B-NP B-NP +are B-VP B-VP +aided I-VP I-VP +by B-PP B-PP +years B-NP B-NP +of B-PP B-PP +American B-NP B-NP +, I-NP I-NP +European I-NP I-NP +, I-NP I-NP +Pakistani I-NP I-NP +and I-NP I-NP +Saudi I-NP I-NP +support I-NP I-NP +for B-PP B-PP +the B-NP B-NP +most I-NP I-NP +extreme I-NP I-NP +factions I-NP I-NP +-- O O +radical B-NP B-NP +Islamic I-NP I-NP +fanatics I-NP I-NP +with B-PP B-PP +leaders B-NP B-NP +whose B-NP B-NP +policies I-NP I-NP +are B-VP B-VP +anathema B-NP B-ADJP +to B-PP B-PP +the B-NP B-NP +Afghan I-NP I-NP +public I-NP I-NP +. O O + +This B-NP B-NP +heavy I-NP I-NP +outside I-NP I-NP +support I-NP I-NP +for B-PP B-PP +the B-NP B-NP +worst I-NP I-NP +has B-VP B-VP +undermined I-VP I-VP +better B-NP B-NP +, I-NP I-NP +moderate I-NP I-NP +leaders I-NP I-NP +. O O + +In B-PP B-PP +autumn B-NP B-NP +last B-NP B-NP +year I-NP I-NP +, O O +for B-PP B-PP +example B-NP B-NP +, O O +the B-NP B-NP +regime I-NP I-NP +garrison I-NP I-NP +at B-PP B-PP +Kandahar B-NP B-NP +was B-VP B-VP +prepared B-ADJP I-VP +to B-VP I-VP +surrender I-VP I-VP +the B-NP B-NP +city I-NP I-NP +to B-PP B-PP +resistance B-NP B-NP +moderates I-NP I-NP +. O O + +At B-PP B-PP +the B-NP B-NP +last I-NP I-NP +minute I-NP I-NP +, O O +however B-ADVP B-ADVP +, O O +Pakistani B-NP B-NP +officials I-NP I-NP +sent B-VP B-VP +in B-PRT B-PP +Gulbuddin B-NP B-NP +Hekhmatyar I-NP I-NP +, O O +perhaps B-ADVP B-ADVP +the B-NP B-NP +most I-NP I-NP +hated I-NP I-NP +and I-NP O +feared I-NP B-VP +of B-PP B-PP +the B-NP B-NP +extremists I-NP I-NP +, O O +with B-PP B-PP +a B-NP B-NP +demand I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +surrender I-NP I-NP +be B-VP B-VP +made I-VP I-VP +to B-PP B-PP +his B-NP B-NP +forces I-NP I-NP +. O O + +The B-NP B-NP +deal I-NP I-NP +fell B-VP B-VP +through B-ADVP B-ADVP +, O O +and O O +Kandahar B-NP B-NP +remains B-VP B-VP +a B-NP B-NP +major I-NP I-NP +regime I-NP I-NP +base I-NP I-NP +. O O + +The B-NP B-NP +resistance I-NP I-NP +lacks B-VP B-VP +not B-NP B-CONJP +only B-ADVP O +air B-NP B-NP +power I-NP I-NP +, O I-NP +armor B-NP I-NP +and O I-NP +expertise B-NP I-NP +but O O +often B-ADVP B-ADVP +such B-NP B-NP +essentials I-NP I-NP +as B-PP B-PP +maps B-NP B-NP +, O O +mine B-NP B-NP +detectors I-NP I-NP +, O O +or O O +even B-ADVP B-ADVP +winter B-NP B-NP +gloves I-NP I-NP +. O O + +Experienced B-NP B-NP +resistance I-NP I-NP +commanders I-NP I-NP +wanted B-VP B-VP +to I-VP I-VP +use I-VP I-VP +guerrilla B-NP B-NP +action I-NP I-NP +and O O +siege B-NP B-NP +tactics I-NP I-NP +to B-VP B-VP +wear I-VP I-VP +down B-PRT B-PRT +the B-NP B-NP +regime I-NP I-NP +. O O + +Instead B-ADVP B-ADVP +, O O +they B-NP B-NP +were B-VP B-VP +pressured I-VP I-VP +by B-PP B-PP +Pakistan B-NP B-NP +'s B-NP B-NP +ISI I-NP I-NP +, O O +the B-NP B-NP +channel I-NP I-NP +for B-PP B-PP +their B-NP B-NP +support I-NP I-NP +, O O +into B-PP B-PP +attacking B-VP B-VP +Jalalabad B-NP B-NP +. O O + +They B-NP B-NP +took B-VP B-VP +more B-NP B-NP +than I-NP I-NP +25 I-NP I-NP +% I-NP I-NP +casualties I-NP I-NP +; O O +journalists B-NP B-NP +report B-VP B-VP +that B-SBAR B-SBAR +they B-NP B-NP +faced B-VP B-VP +minefields B-NP B-NP +without B-PP B-PP +mine B-NP B-NP +detectors I-NP I-NP +. O O + +The B-NP B-NP +wonder I-NP I-NP +is B-VP B-VP +not O O +that B-SBAR B-SBAR +the B-NP B-NP +resistance I-NP I-NP +has B-VP B-VP +failed I-VP I-VP +to I-VP I-VP +topple I-VP I-VP +the B-NP B-NP +Kabul I-NP I-NP +regime I-NP I-NP +, O O +but O O +that B-SBAR B-SBAR +it B-NP B-NP +continues B-VP B-VP +to I-VP I-VP +exist I-VP I-VP +and I-VP O +fight I-VP B-VP +at B-ADVP B-ADVP +all I-ADVP I-ADVP +. O O + +Last B-NP B-NP +summer I-NP I-NP +, O O +in B-PP B-PP +response B-NP B-NP +to B-PP B-PP +congressional B-NP B-NP +criticism I-NP I-NP +, O O +the B-NP B-NP +State I-NP I-NP +Department I-NP I-NP +and O O +the B-NP B-NP +CIA I-NP I-NP +said B-VP B-VP +they B-NP B-NP +had B-VP B-VP +resumed I-VP I-VP +military B-NP B-NP +aid I-NP I-NP +to B-PP B-PP +the B-NP B-NP +resistance I-NP I-NP +months B-NP I-NP +after B-SBAR B-SBAR +it B-NP B-NP +was B-VP B-VP +cut I-VP I-VP +off B-PRT B-PRT +; O O +but O O +it B-NP B-NP +is B-VP B-VP +not O B-ADJP +clear B-ADJP I-ADJP +how B-NP B-NP +much I-NP I-NP +is B-VP B-VP +being I-VP I-VP +sent I-VP I-VP +or O O +when B-ADVP B-ADVP +it B-NP B-NP +will B-VP B-VP +arrive I-VP I-VP +. O O + +For B-PP B-PP +months B-NP B-NP +the B-NP B-NP +resistance I-NP I-NP +has B-VP B-VP +been I-VP I-VP +defenseless B-ADJP B-ADJP +against B-PP B-PP +air B-NP B-NP +attack I-NP I-NP +. O O + +Thus B-ADVP B-ADVP +far I-ADVP I-ADVP +there B-NP B-NP +is B-VP B-VP +no B-NP B-NP +indication I-NP I-NP +that B-SBAR B-SBAR +they B-NP B-NP +have B-VP B-VP +been I-VP I-VP +re-supplied I-VP I-VP +with B-PP B-PP +Stingers B-NP B-NP +or O O +other B-NP B-NP +anti-aircraft I-NP I-NP +weapons I-NP I-NP +. O O + +Indeed B-ADVP B-ADVP +, O O +U.S. B-NP B-NP +officials I-NP I-NP +have B-VP B-VP +indicated I-VP I-VP +to B-PP B-PP +the B-NP B-NP +press I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +continuation I-NP I-NP +of B-PP B-PP +aid B-NP B-NP +depends B-VP B-VP +on B-PP B-PP +what B-NP B-NP +success I-NP B-VP +the B-NP B-NP +weakened I-NP I-NP +resistance I-NP I-NP +achieves B-VP B-VP +by B-PP B-PP +the B-NP B-NP +end I-NP I-NP +of B-PP B-PP +this B-NP B-NP +year I-NP I-NP +. O O + +Moscow B-NP B-NP +and I-NP I-NP +Kabul I-NP I-NP +must B-VP B-VP +have I-VP I-VP +found I-VP I-VP +that B-NP B-NP +information I-NP I-NP +useful B-ADJP B-ADJP +. O O + +For B-PP B-PP +a B-NP B-NP +decade I-NP I-NP +U.S. B-NP B-NP +policy I-NP I-NP +has B-VP B-VP +been I-VP I-VP +incoherent B-ADJP B-ADJP +, O O +based B-PP B-PP +on B-PP B-PP +miscalculation B-NP B-NP +and O O +the B-NP B-NP +defense I-NP I-NP +of B-PP B-PP +bureaucratic B-NP B-NP +and I-NP I-NP +political I-NP I-NP +turf I-NP I-NP +. O O + +No B-NP B-NP +settlement I-NP I-NP +negotiated B-VP B-VP +by B-PP B-PP +others B-NP B-NP +can B-VP B-VP +force I-VP I-VP +the B-NP B-NP +Afghan I-NP I-NP +people I-NP I-NP +to B-VP B-VP +give I-VP I-VP +up B-PRT B-PRT +their B-NP B-NP +struggle I-NP I-NP +. O O + +A B-NP B-NP +cutoff I-NP I-NP +of B-PP B-PP +U.S. B-NP B-NP +military I-NP I-NP +aid I-NP I-NP +would B-VP B-VP +merely I-VP I-VP +abandon I-VP I-VP +them B-NP B-NP +to B-VP B-VP +die I-VP I-VP +in B-PP B-PP +vain B-NP B-NP +. O O + +Creation B-NP B-NP +of B-PP B-PP +a B-NP B-NP +new I-NP I-NP +, I-NP I-NP +realistic I-NP I-NP +U.S. I-NP I-NP +policy I-NP I-NP +is B-VP B-VP +long B-ADJP B-ADJP +overdue I-ADJP I-ADJP +. O O + +Ms. B-NP B-NP +Klass I-NP I-NP +, O O +editor B-NP B-NP +and I-NP I-NP +co-author I-NP I-NP +of B-PP B-PP +`` O O +Afghanistan B-NP B-NP +: O O +The B-NP B-NP +Great I-NP I-NP +Game I-NP I-NP +Revisited B-VP I-NP +'' O O +-LRB- O O +Freedom B-NP B-NP +House I-NP I-NP +-RRB- O O +, O O +directs B-VP B-VP +the B-NP B-NP +Freedom I-NP I-NP +House I-NP I-NP +program I-NP I-NP +on B-PP B-PP +Afghanistan\/Southwest B-NP B-NP +Asia I-NP I-NP +. O O + +Nothing B-NP B-NP +stirred B-VP B-VP +the B-NP B-NP +soul I-NP I-NP +of B-PP B-PP +Ronald B-NP B-NP +Reagan I-NP I-NP +and O O +his B-NP B-NP +disciples I-NP I-NP +as B-ADVP B-NP +much I-ADVP I-NP +as B-PP B-PP +the B-NP B-NP +crusade I-NP I-NP +to B-VP B-VP +aid I-VP I-VP +Nicaragua B-NP B-NP +'s B-NP B-NP +Contra I-NP I-NP +rebels I-NP I-NP +, O O +or O O +the B-NP B-NP +dream I-NP I-NP +of B-PP B-PP +building B-VP B-VP +a B-NP B-NP +space-based I-NP I-NP +defense I-NP I-NP +shield I-NP I-NP +to B-VP B-VP +knock I-VP I-VP +out B-PRT B-PRT +Soviet B-NP B-NP +nuclear I-NP I-NP +missiles I-NP I-NP +. O O + +Yet B-ADVP O +under B-PP B-PP +Mr. B-NP B-NP +Reagan I-NP I-NP +'s B-NP B-NP +preferred I-NP I-NP +successor I-NP I-NP +, O O +President B-NP B-NP +Bush I-NP I-NP +, O O +those B-NP B-NP +two I-NP I-NP +cherished I-NP I-NP +national-security I-NP I-NP +causes I-NP I-NP +are B-VP B-VP +withering I-VP I-VP +on B-PP B-PP +the B-NP B-NP +vine I-NP I-NP +. O O + +And O O +, O O +surprisingly B-ADVP B-ADVP +, O O +little B-NP B-ADJP +more I-NP I-ADJP +than B-PP B-PP +a B-NP B-NP +whimper I-NP I-NP +of B-PP B-PP +protest B-NP B-NP +is B-VP B-VP +being I-VP I-VP +heard I-VP I-VP +, O O +even B-ADVP B-SBAR +though B-SBAR I-SBAR +Reaganauts B-NP B-NP +once B-ADVP B-ADVP +breathed B-VP B-VP +fire B-NP B-NP +supporting B-VP B-VP +the B-NP B-NP +Contras I-NP I-NP +and O O +the B-NP B-NP +Strategic I-NP I-NP +Defense I-NP I-NP +Initiative I-NP I-NP +. O O + +`` O O +The B-NP B-NP +programs I-NP I-NP +have B-VP B-VP +arthritis B-NP B-NP +, O O +'' O O +says B-VP B-VP +Rep. B-NP B-NP +Henry I-NP I-NP +Hyde I-NP I-NP +, O O +a B-NP B-NP +conservative I-NP I-NP +Republican I-NP I-NP +from B-PP B-PP +Illinois B-NP B-NP +. O O + +Yet B-ADVP B-ADVP +, O O +he B-NP B-NP +asserts B-VP B-VP +, O O +`` O O +you B-NP B-NP +look B-VP B-VP +around B-ADVP B-ADVP +... O O +and O O +you B-NP B-NP +say B-VP B-VP +, O O +` O O +Who B-NP B-NP +are B-VP B-VP +the B-NP B-NP +leaders I-NP I-NP +? O O + +Who B-NP B-NP +is O B-VP +going B-VP I-VP +to I-VP I-VP +carry I-VP I-VP +the B-NP B-NP +water I-NP I-NP +? O O +' O O +'' O O + +It B-NP B-NP +is B-VP B-VP +n't O O +surprising B-ADJP B-ADJP +that B-SBAR B-SBAR +President B-NP B-NP +Bush I-NP I-NP +has B-VP B-VP +n't I-VP I-VP +led I-VP I-VP +a B-NP B-NP +crusade I-NP I-NP +to B-VP B-VP +pump I-VP I-VP +up B-PRT B-PRT +the B-NP B-NP +Contras I-NP I-NP +or O I-NP +SDI B-NP I-NP +. O O + +Though B-SBAR B-SBAR +he B-NP B-NP +nominally B-VP B-ADVP +supports I-VP B-VP +both B-NP B-NP +programs I-NP I-NP +, O O +Mr. B-NP B-NP +Bush I-NP I-NP +has B-VP B-VP +n't I-VP I-VP +been I-VP I-VP +a B-NP B-NP +passionate I-NP I-NP +champion I-NP I-NP +of B-PP B-PP +either B-NP B-NP +cause I-NP I-NP +, O O +as B-SBAR B-SBAR +Mr. B-NP B-NP +Reagan I-NP I-NP +was B-VP B-VP +. O O + +What B-NP B-NP +'s B-VP B-VP +surprising B-ADJP B-ADJP +is B-VP B-VP +that B-SBAR B-SBAR +there B-NP B-NP +is B-VP B-VP +n't O O +more B-NP B-NP +of B-PP B-PP +a B-NP B-NP +conservative I-NP I-NP +outcry I-NP I-NP +as B-SBAR B-SBAR +the B-NP B-NP +Bush I-NP I-NP +administration I-NP I-NP +lets B-VP B-VP +the B-NP B-NP +programs I-NP I-NP +slip B-VP B-VP +down B-PP B-PP +the B-NP B-NP +national-priority I-NP I-NP +list I-NP I-NP +. O O + +A B-NP B-NP +combination I-NP I-NP +of B-PP B-PP +factors B-NP B-NP +-- O O +a B-NP B-NP +weariness I-NP I-NP +among B-PP B-PP +some B-NP B-NP +conservatives I-NP I-NP +, O O +a B-NP B-NP +decline I-NP I-NP +in B-PP B-PP +the B-NP B-NP +perception I-NP I-NP +of B-PP B-PP +a B-NP B-NP +Soviet I-NP I-NP +threat I-NP I-NP +and O O +a B-NP B-NP +preoccupation I-NP I-NP +with B-PP B-PP +other B-NP B-NP +issues I-NP I-NP +-- O O +seem B-VP B-VP +to I-VP I-VP +explain I-VP I-VP +the B-NP B-NP +strange I-NP I-NP +tranquility I-NP I-NP +. O O + +Above B-ADVP B-PP +all I-ADVP B-NP +, O O +though B-ADVP B-ADVP +, O O +conservative B-NP B-NP +Republicans I-NP I-NP +who B-NP B-NP +have B-VP B-VP +championed I-VP I-VP +both O B-NP +the B-NP B-NP +Contras I-NP I-NP +and O O +SDI B-NP B-NP +are B-VP B-VP +reluctant B-ADJP B-ADJP +to B-VP B-VP +attack I-VP I-VP +a B-NP B-NP +Republican I-NP I-NP +president I-NP I-NP +for B-PP B-PP +failing B-VP B-VP +to I-VP I-VP +do I-VP I-VP +more B-NP B-NP +-- O O +though B-SBAR B-SBAR +that B-NP B-NP +reluctance I-NP I-NP +may B-VP B-VP +be I-VP I-VP +receding I-VP I-VP +. O O + +`` O O +We B-NP B-NP +want B-VP B-VP +to I-VP I-VP +complain I-VP I-VP +, O O +we B-NP B-NP +want B-VP B-VP +to I-VP I-VP +say I-VP I-VP +something B-NP B-NP +about B-PP B-PP +it B-NP B-NP +, O O +and O O +we B-NP B-NP +'re B-VP B-VP +going I-VP I-VP +to I-VP I-VP +as B-SBAR B-SBAR +it B-NP B-NP +gets B-VP B-VP +worse B-ADJP B-ADJP +, O O +'' O O +says B-VP B-VP +Rep. B-NP B-NP +Dan I-NP I-NP +Burton I-NP I-NP +, O O +an B-NP B-NP +Indiana I-NP I-NP +Republican I-NP I-NP +who B-NP B-NP +has B-VP B-VP +been I-VP I-VP +a B-NP B-NP +staunch I-NP I-NP +Contra I-NP I-NP +backer I-NP I-NP +. O O + +`` O O +But O O +it B-NP B-NP +'s B-VP B-VP +like B-PP B-PP +kicking B-VP B-VP +your B-NP B-NP +father I-NP I-NP +in B-PP B-PP +the B-NP B-NP +pants I-NP I-NP +. O O + +You B-NP B-NP +hate B-VP B-VP +to I-VP I-VP +do I-VP I-VP +it B-NP B-NP +because B-SBAR B-SBAR +he B-NP B-NP +'s B-VP B-VP +your B-NP B-NP +father I-NP I-NP +. O O +'' O O + +Mr. B-NP B-NP +Burton I-NP I-NP +says B-VP B-VP +conservatives B-NP B-NP +' B-NP B-NP +unhappiness I-NP I-NP +with B-PP B-PP +Mr. B-NP B-NP +Bush I-NP I-NP +'s B-NP B-NP +cautious I-NP I-NP +handling I-NP I-NP +of B-PP B-PP +the B-NP B-NP +recent I-NP I-NP +unsuccessful I-NP I-NP +coup I-NP I-NP +in B-PP B-PP +Panama B-NP B-NP +will B-VP B-VP +make I-VP I-VP +them B-NP B-NP +more B-ADJP B-ADJP +willing I-ADJP I-ADJP +to B-VP B-VP +speak I-VP I-VP +out B-PRT B-PRT +. O O + +Of B-PP B-PP +course B-NP B-NP +, O O +neither B-NP B-NP +President B-NP I-NP +Bush I-NP I-NP +nor O O +the B-NP B-NP +Congress I-NP I-NP +has B-VP B-VP +actually I-VP I-VP +abandoned I-VP I-VP +the B-NP B-NP +Contras I-NP I-NP +or O I-NP +SDI B-NP I-NP +. O O + +Mr. B-NP B-NP +Bush I-NP I-NP +has B-VP B-VP +struck I-VP I-VP +a B-NP B-NP +deal I-NP I-NP +with B-PP B-PP +congressional B-NP B-NP +leaders I-NP I-NP +to B-VP B-VP +provide I-VP I-VP +nonlethal B-NP B-NP +aid I-NP I-NP +to B-PP B-PP +the B-NP B-NP +Contras I-NP I-NP +until B-SBAR B-SBAR +Nicaragua B-NP B-NP +holds B-VP B-VP +national B-NP B-NP +elections I-NP I-NP +next B-NP B-NP +February I-NP I-NP +. O O + +But O O +the B-NP B-NP +administration I-NP I-NP +has B-VP B-VP +dropped I-VP I-VP +any B-NP B-NP +effort I-NP I-NP +to B-VP B-VP +win I-VP I-VP +military B-NP B-NP +aid I-NP I-NP +for B-PP B-PP +the B-NP B-NP +rebels I-NP I-NP +. O O + +And O O +the B-NP B-NP +administration I-NP I-NP +'s B-NP B-NP +deal I-NP I-NP +with B-PP B-PP +Congress B-NP B-NP +gives B-VP B-VP +several B-NP B-NP +congressional I-NP I-NP +committees I-NP I-NP +the B-NP B-NP +right I-NP I-NP +to B-VP B-VP +cut I-VP I-VP +off B-PRT B-PRT +even B-NP B-NP +humanitarian I-NP I-NP +aid I-NP I-NP +next B-NP B-NP +month I-NP I-NP +, O O +though B-SBAR B-SBAR +the B-NP B-NP +committees I-NP I-NP +are B-VP B-VP +likely B-ADJP B-ADJP +to B-VP B-VP +let I-VP I-VP +aid B-NP B-NP +continue B-VP B-VP +until B-PP B-PP +February B-NP B-NP +. O O + +Most B-NP B-NP +analysts I-NP I-NP +think B-VP B-VP +there B-NP B-NP +'s B-VP B-VP +little B-NP B-NP +prospect I-NP I-NP +the B-NP B-NP +Contras I-NP I-NP +can B-VP B-VP +be I-VP I-VP +a B-NP B-NP +significant I-NP I-NP +fighting I-NP I-NP +force I-NP I-NP +without B-PP B-PP +U.S. B-NP B-NP +arms I-NP I-NP +, O B-PP +and O I-PP +after B-PP B-PP +the B-NP B-NP +February I-NP I-NP +election I-NP I-NP +their B-NP B-NP +future I-NP I-NP +in B-PP B-PP +any B-NP B-NP +form I-NP I-NP +will B-VP B-VP +be I-VP I-VP +murky B-ADJP B-ADJP +at B-ADVP B-ADVP +best I-ADVP I-ADVP +. O O + +Instead B-PP B-PP +of I-PP I-PP +focusing B-VP B-VP +on B-PP B-PP +the B-NP B-NP +Contras I-NP I-NP +, O O +Mr. B-NP B-NP +Bush I-NP I-NP +has B-VP B-VP +switched I-VP I-VP +to B-PP B-PP +urging B-VP B-VP +members B-NP B-NP +of B-PP B-PP +Congress B-NP B-NP +-- O O +most B-ADVP B-ADVP +recently I-ADVP I-ADVP +in B-PP B-PP +a B-NP B-NP +White I-NP I-NP +House I-NP I-NP +meeting I-NP I-NP +yesterday B-NP B-NP +-- O O +to B-VP B-VP +approve I-VP I-VP +financing B-NP B-NP +for B-PP B-PP +the B-NP B-NP +election I-NP I-NP +campaign I-NP I-NP +of B-PP B-PP +political B-NP B-NP +opponents I-NP I-NP +of B-PP B-PP +Nicaragua B-NP B-NP +'s B-NP B-NP +Sandinista I-NP I-NP +government I-NP I-NP +. O O + +The B-NP B-NP +administration I-NP I-NP +continues B-VP B-VP +to I-VP I-VP +support I-VP I-VP +SDI B-NP B-NP +, O O +or O O +Star B-NP B-NP +Wars I-NP I-NP +, O O +and O O +it B-NP B-NP +recently B-ADVP B-VP +lobbied B-VP I-VP +to I-VP I-VP +persuade I-VP I-VP +the B-NP B-NP +Senate I-NP I-NP +to B-VP B-VP +restore I-VP I-VP +some B-NP B-NP +of B-PP B-PP +the B-NP B-NP +funds I-NP I-NP +it B-NP B-NP +planned B-VP B-VP +to I-VP I-VP +cut I-VP I-VP +from B-PP B-PP +the B-NP B-NP +program I-NP I-NP +. O O + +And O O +just B-NP B-NP +last I-NP I-NP +week I-NP I-NP +, O O +Defense B-NP B-NP +Secretary I-NP I-NP +Dick I-NP I-NP +Cheney I-NP I-NP +gave B-VP B-VP +a B-NP B-NP +strong I-NP I-NP +speech I-NP I-NP +listing B-VP B-VP +`` O O +compelling B-NP B-NP +reasons I-NP I-NP +'' O O +to B-VP B-VP +push I-VP I-VP +ahead B-ADVP B-ADVP +with B-PP B-PP +SDI B-NP B-NP +and O O +saying B-VP B-VP +he B-NP B-NP +'d B-VP B-VP +urge I-VP I-VP +President B-NP B-NP +Bush I-NP I-NP +to B-VP B-VP +veto I-VP I-VP +a B-NP B-NP +defense I-NP I-NP +bill I-NP I-NP +with B-PP B-PP +`` B-NP B-NP +inadequate I-NP I-NP +'' I-NP I-NP +funding I-NP I-NP +for B-PP B-PP +the B-NP B-NP +program I-NP I-NP +. O O + +But O O +the B-NP B-NP +strong I-NP I-NP +pitch I-NP I-NP +by B-PP B-PP +Mr. B-NP B-NP +Cheney I-NP I-NP +may B-VP B-VP +be I-VP I-VP +too B-ADJP B-NP +little I-ADJP I-NP +too B-ADJP B-ADJP +late I-ADJP I-ADJP +to B-VP B-VP +prevent I-VP I-VP +damage B-NP B-NP +to B-PP B-PP +SDI B-NP B-NP +. O O + +The B-NP B-NP +House I-NP I-NP +has B-VP B-VP +already I-VP I-VP +voted I-VP I-VP +for B-PP B-PP +a B-NP B-NP +deep I-NP I-NP +cut I-NP I-NP +in B-PP B-PP +funding B-NP B-NP +, O O +and O O +in B-PP B-PP +the B-NP B-NP +end I-NP I-NP +the B-NP B-NP +program I-NP I-NP +'s B-NP B-NP +backers I-NP I-NP +will B-VP B-VP +be I-VP I-VP +hard B-ADJP B-ADJP +pressed I-ADJP I-ADJP +to B-VP B-VP +head I-VP I-VP +off B-PRT B-PRT +some B-NP B-NP +reduction I-NP I-NP +in B-PP B-PP +spending B-NP B-NP +next B-NP B-NP +year I-NP I-NP +. O O + +And O O +while B-SBAR B-SBAR +the B-NP B-NP +defense I-NP I-NP +secretary I-NP I-NP +is B-VP B-VP +speaking I-VP I-VP +out O B-PRT +, O O +President B-NP B-NP +Bush I-NP I-NP +himself I-NP B-NP +has B-VP B-VP +n't I-VP I-VP +launched I-VP I-VP +any B-NP B-NP +high-visibility I-NP I-NP +campaign I-NP I-NP +to B-VP B-VP +drum I-VP I-VP +up B-PRT B-PRT +support B-NP B-NP +, O O +as B-SBAR B-SBAR +President B-NP B-NP +Reagan I-NP I-NP +did B-VP B-VP +. O O + +The B-NP B-NP +administration I-NP I-NP +also B-ADVP B-ADVP +acknowledges B-VP B-VP +that B-SBAR B-SBAR +it B-NP B-NP +is B-VP B-VP +n't I-VP I-VP +pursuing I-VP I-VP +Mr. B-NP B-NP +Reagan I-NP I-NP +'s B-NP B-NP +original I-NP I-NP +vision I-NP I-NP +of B-PP B-PP +an B-NP B-NP +`` I-NP I-NP +impenetrable I-NP I-NP +shield I-NP I-NP +'' O O +protecting B-VP B-VP +the B-NP B-NP +whole I-NP I-NP +U.S. I-NP I-NP +, O O +but B-CONJP O +rather I-CONJP B-ADVP +a B-NP B-NP +more I-NP I-NP +modest I-NP I-NP +version I-NP I-NP +. O O + +More B-ADJP B-ADVP +ominous I-ADJP I-ADVP +to B-PP B-PP +SDI B-NP B-NP +supporters I-NP I-NP +, O O +the B-NP B-NP +Bush I-NP I-NP +administration I-NP I-NP +appears B-VP B-VP +to I-VP I-VP +have I-VP I-VP +tacitly I-VP I-VP +accepted I-VP I-VP +a B-NP B-NP +new I-NP I-NP +arms-control I-NP I-NP +proposal I-NP I-NP +from B-PP B-PP +the B-NP B-NP +Soviet I-NP I-NP +Union I-NP I-NP +that B-NP B-NP +spells B-VP B-VP +long-term B-NP B-NP +trouble I-NP I-NP +for B-PP B-PP +Star B-NP B-NP +Wars I-NP I-NP +. O O + +The B-NP B-NP +Soviets I-NP I-NP +have B-VP B-VP +agreed I-VP I-VP +to I-VP I-VP +complete I-VP I-VP +a B-NP B-NP +treaty I-NP I-NP +cutting B-VP B-VP +strategic B-NP B-NP +weapons I-NP I-NP +without B-PP B-PP +including B-VP B-PP +restrictions B-NP B-NP +on B-PP B-PP +space-based B-NP B-NP +defenses I-NP I-NP +. O O + +But O O +the B-NP B-NP +Soviets I-NP I-NP +also B-ADVP B-ADVP +are B-VP B-VP +insisting I-VP I-VP +that B-SBAR B-SBAR +they B-NP B-NP +will B-VP B-VP +reserve I-VP I-VP +the B-NP B-NP +right I-NP I-NP +to B-VP B-VP +withdraw I-VP I-VP +from B-PP B-PP +the B-NP B-NP +completed I-NP I-NP +strategic-arms I-NP I-NP +treaty I-NP I-NP +later B-ADVP B-ADVP +on I-ADVP B-PRT +if B-SBAR B-SBAR +the B-NP B-NP +U.S. I-NP I-NP +does B-VP B-VP +SDI B-NP B-NP +testing I-NP I-NP +or I-NP I-NP +deployment I-NP I-NP +that B-NP B-NP +the B-NP B-NP +Soviets I-NP I-NP +think B-VP B-VP +violates B-VP B-VP +the B-NP B-NP +existing I-NP I-NP +anti-ballistic-missile I-NP I-NP +treaty I-NP I-NP +. O O + +It B-NP B-NP +will B-VP B-VP +be I-VP I-VP +hard B-ADJP B-ADJP +down B-PP B-PP +the B-NP B-NP +road I-NP I-NP +to B-VP B-VP +persuade I-VP I-VP +Congress B-NP B-NP +to B-VP B-VP +approve I-VP I-VP +money B-NP B-NP +for B-PP B-PP +SDI B-NP B-NP +plans I-NP I-NP +if B-SBAR B-SBAR +lawmakers B-NP B-NP +fear B-VP B-VP +those B-NP B-NP +plans I-NP I-NP +could B-VP B-VP +scuttle I-VP I-VP +a B-NP B-NP +completed I-NP I-NP +treaty I-NP I-NP +. O O + +As B-PP B-PP +a B-NP B-NP +result I-NP I-NP +, O O +Frank B-NP B-NP +Gaffney I-NP I-NP +, O O +a B-NP B-NP +former I-NP I-NP +Reagan I-NP I-NP +Pentagon I-NP I-NP +aide I-NP I-NP +who B-NP B-NP +now B-ADVP B-ADVP +heads B-VP B-VP +the B-NP B-NP +Center I-NP I-NP +for B-PP B-PP +Security B-NP B-NP +Policy I-NP I-NP +, O O +charges B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +administration I-NP I-NP +'s B-NP B-NP +`` I-NP I-NP +professions I-NP I-NP +of B-PP B-PP +continued B-NP B-NP +commitment I-NP I-NP +to B-PP B-PP +development B-NP B-NP +and I-NP I-NP +deployment I-NP I-NP +of B-PP B-PP +the B-NP B-NP +SDI I-NP I-NP +program I-NP I-NP +strain B-VP B-VP +credulity B-NP B-NP +. O O +'' O O + +Still B-ADVP B-ADVP +, O O +proponents B-NP B-NP +may B-VP B-VP +be I-VP I-VP +shying I-VP I-VP +away B-ADVP B-ADVP +from B-PP B-PP +more B-NP B-NP +drumbeating I-NP I-NP +because B-SBAR B-SBAR +they B-NP B-NP +sense B-VP B-VP +political B-NP B-NP +tides I-NP I-NP +have B-VP B-VP +turned I-VP I-VP +against B-PP B-PP +arming B-VP B-VP +the B-NP B-NP +Nicaraguan I-NP I-NP +rebels I-NP I-NP +or O O +boosting B-VP B-VP +spending B-NP B-NP +on B-PP B-PP +SDI B-NP B-NP +-- O O +particularly B-ADVP B-ADVP +when B-ADVP B-ADVP +the B-NP B-NP +public I-NP I-NP +perceives B-VP B-VP +the B-NP B-NP +Soviet I-NP I-NP +threat I-NP I-NP +is B-VP B-VP +declining I-VP I-VP +under B-PP B-PP +Mikhail B-NP B-NP +Gorbachev I-NP I-NP +. O O + +In B-PP B-PP +fact B-NP B-NP +, O O +because B-SBAR B-SBAR +communism B-NP B-NP +seems B-VP B-VP +to I-VP I-VP +be I-VP I-VP +beating I-VP I-VP +a B-NP B-NP +global I-NP I-NP +retreat I-NP I-NP +, O O +some B-NP B-NP +conservatives I-NP I-NP +may B-VP B-VP +simply I-VP I-VP +be I-VP I-VP +so B-ADJP B-ADJP +pleased I-ADJP I-ADJP +that B-SBAR B-SBAR +their B-NP B-NP +anti-communist I-NP I-NP +philosophy I-NP I-NP +is B-VP B-VP +prevailing I-VP I-VP +that B-SBAR B-SBAR +they B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +have I-VP I-VP +the B-NP B-NP +fire I-NP I-NP +at B-PP B-PP +the B-NP B-NP +moment I-NP I-NP +to B-VP B-VP +push I-VP I-VP +controversial B-NP B-NP +programs I-NP I-NP +. O O + +`` O O +The B-NP B-NP +short I-NP I-NP +of B-PP B-PP +it B-NP B-NP +is B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +most I-NP I-NP +hard-bitten I-NP I-NP +among B-PP B-PP +us B-NP B-NP +can B-VP B-VP +not I-VP I-VP +get I-VP I-VP +into B-PP B-PP +too B-NP B-NP +sour I-NP I-NP +a I-NP I-NP +mood I-NP I-NP +with B-PP B-PP +communism B-NP B-NP +collapsing B-VP B-VP +, O O +'' O O +says B-VP B-VP +Mitchell B-NP B-NP +Daniels I-NP I-NP +, O O +a B-NP B-NP +former I-NP I-NP +Reagan I-NP I-NP +White I-NP I-NP +House I-NP I-NP +aide I-NP I-NP +who B-NP B-NP +now B-ADVP B-ADVP +is B-VP B-VP +president B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Hudson I-NP I-NP +Institute I-NP I-NP +. O O + +Some B-NP B-NP +activists I-NP I-NP +are B-VP B-VP +toiling I-VP I-VP +to I-VP B-VP +raise I-VP I-VP +the B-NP B-NP +profile I-NP I-NP +of B-PP B-PP +the B-NP B-NP +two I-NP I-NP +causes I-NP I-NP +. O O + +But O O +they B-NP B-NP +say B-VP B-VP +they B-NP B-NP +ca B-VP B-VP +n't I-VP I-VP +make I-VP I-VP +much B-NP B-NP +headway I-NP I-NP +because B-PP B-PP +of I-PP I-PP +a B-NP B-NP +lack I-NP I-NP +of B-PP B-PP +willing B-NP B-NP +leaders I-NP I-NP +in B-PP B-PP +a B-NP B-NP +position I-NP I-NP +to B-VP B-VP +turn I-VP I-VP +the B-NP B-NP +tide I-NP I-NP +. O O + +One B-NP B-NP +longtime I-NP I-NP +champion I-NP I-NP +of B-PP B-PP +these B-NP B-NP +programs I-NP I-NP +in B-PP B-PP +Congress B-NP B-NP +, O O +Republican B-NP B-NP +whip I-NP I-NP +Newt I-NP I-NP +Gingrich I-NP I-NP +of B-PP B-PP +Georgia B-NP B-NP +, O O +is B-VP B-VP +distracted I-VP I-VP +by B-PP B-PP +questions B-NP B-NP +about B-PP B-PP +his B-NP B-NP +ethics I-NP I-NP +, O O +conservatives B-NP B-NP +note B-VP B-VP +. O O + +Other B-NP B-NP +conservative I-NP I-NP +champions I-NP I-NP +, O O +like B-PP B-PP +Wyoming B-NP B-NP +Republican I-NP I-NP +Sen. I-NP I-NP +Malcolm B-NP I-NP +Wallop I-NP I-NP +, O O +a B-NP B-NP +longtime I-NP I-NP +SDI I-NP I-NP +advocate I-NP I-NP +, O O +do B-VP B-VP +n't I-VP I-VP +have I-VP I-VP +the B-NP B-NP +clout I-NP I-NP +with B-PP B-PP +the B-NP B-NP +Bush I-NP I-NP +White I-NP I-NP +House I-NP I-NP +that B-NP B-NP +they B-NP B-NP +enjoyed B-VP B-VP +with B-PP B-PP +President B-NP B-NP +Reagan I-NP I-NP +. O O + +Above B-PP B-PP +all B-NP B-NP +, O O +though B-ADVP B-ADVP +, O O +proponents B-NP B-NP +say B-VP B-VP +neither B-NP O +the I-NP B-NP +Contra I-NP I-NP +nor I-NP O +the I-NP B-NP +SDI I-NP I-NP +cause I-NP I-NP +can B-VP B-VP +be I-VP I-VP +pushed I-VP I-VP +much B-ADVP B-ADVP +further I-ADVP I-ADVP +without B-PP B-PP +more B-NP B-NP +presidential I-NP I-NP +support I-NP I-NP +. O O + +`` O O +For B-SBAR B-SBAR +there B-NP B-NP +to B-VP B-VP +be I-VP I-VP +wind B-NP B-NP +in B-PP B-PP +the B-NP B-NP +sails I-NP I-NP +of B-PP B-PP +any B-NP B-NP +program I-NP I-NP +, O O +the B-NP B-NP +chief I-NP I-NP +executive I-NP I-NP +has B-VP B-VP +to I-VP I-VP +be I-VP I-VP +blowing I-VP I-VP +in B-PP B-PP +the B-NP B-NP +sails I-NP I-NP +, O O +'' O O +says B-VP B-VP +Rep. B-NP B-NP +Burton I-NP I-NP +. O O + +All B-NP B-NP +this I-NP I-NP +causes B-VP B-VP +Rep. B-NP B-NP +Hyde I-NP I-NP +to B-VP B-VP +muse I-VP I-VP +about B-PP B-PP +an B-NP B-NP +alternate I-NP I-NP +way I-NP I-NP +to B-VP B-VP +drum I-VP I-VP +up B-PRT B-PRT +more B-NP B-NP +enthusiasm I-NP I-NP +. O O + +`` O O +What B-NP B-NP +I B-NP B-NP +'d B-VP B-VP +like I-VP I-VP +to I-VP I-VP +see I-VP I-VP +, O O +if B-SBAR B-SBAR +he B-NP B-NP +is B-VP B-VP +up B-PP B-PP +to B-PP B-PP +it B-NP B-NP +, O O +is B-VP B-VP +for B-SBAR B-SBAR +Reagan B-NP B-NP +to B-VP B-VP +take I-VP I-VP +to B-PP B-PP +the B-NP B-NP +hustings I-NP I-NP +to B-VP B-VP +regenerate I-VP I-VP +enthusiasm B-NP B-NP +for B-PP B-PP +SDI B-NP B-NP +, O O +'' O O +the B-NP B-NP +congressman I-NP I-NP +says B-VP B-VP +. O O + +We B-NP B-NP +'re B-VP B-VP +sorry B-ADJP B-ADJP +to B-VP B-VP +report I-VP I-VP +that B-SBAR B-SBAR +on B-PP B-PP +Monday B-NP B-NP +President B-NP B-NP +Bush I-NP I-NP +accepted B-VP B-VP +the B-NP B-NP +resignation I-NP I-NP +of B-PP B-PP +William B-NP B-NP +Allen I-NP I-NP +as B-PP B-PP +chairman B-NP B-NP +of B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +Civil I-NP I-NP +Rights I-NP I-NP +Commission I-NP I-NP +. O O + +Mr. B-NP B-NP +Allen I-NP I-NP +, O O +appointed B-VP B-VP +by B-PP B-PP +President B-NP B-NP +Reagan I-NP I-NP +, O O +grew B-VP B-VP +understandably B-ADJP B-ADJP +tired I-ADJP I-ADJP +of B-PP B-PP +dealing B-VP B-VP +with B-PP B-PP +the B-NP B-NP +guerrilla I-NP I-NP +tactics I-NP I-NP +of B-PP B-PP +his B-NP B-NP +enemies I-NP I-NP +. O O + +His B-NP B-NP +recent I-NP I-NP +speech I-NP I-NP +, O O +provocatively B-VP B-VP +titled I-VP I-VP +`` O O +Blacks B-NP B-NP +? O I-NP +Animals B-NP I-NP +? O O +Homosexuals B-NP B-NP +? O O +What B-NP B-NP +is B-VP B-VP +a B-NP B-NP +Minority I-NP I-NP +? O O +'' O O +caused B-VP B-VP +an B-NP B-NP +uproar I-NP I-NP +when B-ADVP B-ADVP +its B-NP B-NP +title I-NP I-NP +leaked B-VP B-VP +out B-ADVP B-PRT +. O O + +Mr. B-NP B-NP +Allen I-NP I-NP +'s B-NP B-NP +commissioners I-NP I-NP +voted B-VP B-VP +to I-VP I-VP +call I-VP I-VP +his B-NP B-NP +unread I-NP I-NP +speech I-NP I-NP +`` O O +thoughtless B-ADJP B-ADJP +, O I-ADJP +disgusting B-ADJP I-ADJP +and O O +unnecessarily B-ADJP B-ADJP +inflammatory I-ADJP I-ADJP +. O O +'' O O + +Commissioner B-NP B-NP +Mary I-NP I-NP +Francis I-NP I-NP +Berry I-NP I-NP +said B-VP B-VP +it B-NP B-NP +was B-VP B-VP +`` O O +another B-NP B-NP +sad I-NP I-NP +episode I-NP I-NP +in B-PP B-PP +the B-NP B-NP +saga I-NP I-NP +of B-PP B-PP +the B-NP B-NP +unguided I-NP I-NP +missile I-NP I-NP +who B-NP B-NP +is B-VP B-VP +chairman B-NP B-NP +. O O +'' O O + +Rep. B-NP B-NP +Don I-NP I-NP +Edwards I-NP I-NP +, O O +the B-NP B-NP +California I-NP I-NP +Democrat I-NP I-NP +, O O +warned B-VP B-VP +Mr. B-NP B-NP +Allen I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +speech I-NP I-NP +would B-VP B-VP +be I-VP I-VP +`` O O +outside B-PP B-PP +the B-NP B-NP +scope I-NP I-NP +of B-PP B-PP +the B-NP B-NP +commission I-NP I-NP +'s B-NP B-NP +jurisdiction I-NP I-NP +. O O +'' O O + +Thomas B-NP B-NP +Stoddard I-NP I-NP +, O O +head B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Lambda I-NP I-NP +Legal I-NP I-NP +Defense I-NP I-NP +Fund I-NP I-NP +, O O +called B-VP B-VP +the B-NP B-NP +prospect I-NP I-NP +of B-PP B-PP +the B-NP B-NP +speech I-NP I-NP +`` O O +frankly B-ADJP B-ADJP +shocking I-ADJP I-ADJP +. O O +'' O O + +We B-NP B-NP +'ve B-VP B-VP +actually I-VP I-VP +read I-VP I-VP +the B-NP B-NP +speech I-NP I-NP +. O O + +Mr. B-NP B-NP +Allen I-NP I-NP +began B-VP B-VP +it B-NP B-NP +with B-PP B-PP +a B-NP B-NP +warning I-NP I-NP +to B-PP B-PP +his B-NP B-NP +hosts I-NP I-NP +, O O +a B-NP B-NP +California I-NP I-NP +church I-NP I-NP +group I-NP I-NP +that B-NP B-NP +opposes B-VP B-VP +rights B-NP B-NP +for B-PP B-PP +homosexuals B-NP B-NP +. O O + +He B-NP B-NP +said B-VP B-VP +that B-SBAR B-SBAR +other B-NP B-NP +participants I-NP I-NP +in B-PP B-PP +the B-NP B-NP +conference I-NP I-NP +`` O O +do B-VP B-VP +not I-VP I-VP +believe I-VP I-VP +that B-SBAR B-SBAR +the B-NP B-NP +rights I-NP I-NP +of B-PP B-PP +Americans B-NP B-NP +should B-VP B-VP +be I-VP I-VP +guaranteed I-VP I-VP +to B-PP B-PP +citizens B-NP B-NP +who B-NP B-NP +are B-VP B-VP +homosexual B-ADJP B-ADJP +, O O +'' O O +but O O +that B-SBAR B-SBAR +`` O O +I B-NP B-NP +mean B-VP B-VP +to I-VP I-VP +persuade I-VP I-VP +you B-NP B-NP +to B-PP B-PP +the B-NP B-NP +opposite I-NP I-NP +view I-NP I-NP +. O O +'' O O + +He B-NP B-NP +recalled B-VP B-VP +to B-PP B-PP +the B-NP B-NP +audience I-NP I-NP +a B-NP B-NP +`` I-NP I-NP +strange I-NP I-NP +, I-NP I-NP +infelicitous I-NP I-NP +'' I-NP I-NP +analogy I-NP I-NP +he B-NP B-NP +once B-ADVP B-ADVP +heard B-VP B-VP +arguing B-VP B-VP +`` O O +now B-ADVP B-SBAR +that B-SBAR I-SBAR +we B-NP B-NP +have B-VP B-VP +finally I-VP I-VP +recognized I-VP I-VP +that B-SBAR B-SBAR +American B-NP B-NP +blacks I-NP I-NP +have B-VP B-VP +rights B-NP B-NP +, O O +we B-NP B-NP +need B-VP B-VP +to I-VP I-VP +do I-VP I-VP +the B-NP B-NP +same I-NP I-NP +for B-PP B-PP +animals B-NP B-NP +. O O + +'' O O +Mr. B-NP B-NP +Allen I-NP I-NP +objected B-VP B-VP +to B-PP B-PP +this B-NP B-NP +analogy I-NP I-NP +because B-SBAR B-SBAR +it B-NP B-NP +seems B-VP B-VP +to I-VP I-VP +`` O O +assimilate B-VP B-VP +the B-NP B-NP +status I-NP I-NP +of B-PP B-PP +blacks B-NP B-NP +to B-PP B-PP +that B-NP B-NP +of B-PP B-PP +animals B-NP B-NP +-- O O +as B-PP B-PP +a B-NP B-NP +mere I-NP I-NP +project I-NP I-NP +of B-PP B-PP +charity B-NP B-NP +, O O +of B-PP B-PP +humaneness B-NP B-NP +. O O +'' O O + +Rights B-NP B-NP +on B-PP B-PP +such B-NP B-NP +a I-NP I-NP +basis I-NP I-NP +, O O +whether B-SBAR B-SBAR +for B-PP B-PP +blacks B-NP B-NP +or I-NP I-NP +homosexuals I-NP I-NP +, O O +are B-VP B-VP +`` O O +mere B-NP B-NP +indulgences I-NP I-NP +, O O +'' O O +he B-NP B-NP +said B-VP B-VP +, O O +subject B-ADJP B-ADJP +to B-PP B-PP +being B-VP B-VP +taken I-VP I-VP +back B-PRT B-ADVP +. O O + +He B-NP B-NP +says B-VP B-VP +the B-NP B-NP +title I-NP I-NP +of B-PP B-PP +his B-NP B-NP +speech I-NP I-NP +was B-VP B-VP +to I-VP B-VP +make I-VP I-VP +his B-NP B-NP +point I-NP I-NP +that B-SBAR B-SBAR +Americans B-NP B-NP +have B-VP B-VP +rights B-NP B-NP +as B-PP B-PP +individuals B-NP B-NP +, B-PP B-PP +not I-PP I-PP +as B-PP B-PP +members B-NP B-NP +of B-PP B-PP +certain B-NP B-NP +select I-NP I-NP +groups I-NP I-NP +. O O + +His B-NP B-NP +speech I-NP I-NP +criticized B-VP B-VP +the B-NP B-NP +`` I-NP I-NP +idiocy I-NP I-NP +of B-PP B-PP +notions B-NP B-NP +of B-PP B-PP +protected B-NP B-NP +groups I-NP I-NP +in B-PP B-PP +society B-NP B-NP +'' O O +as B-SBAR B-SBAR +opposed B-VP B-VP +to B-PP B-PP +individual B-NP B-NP +equality I-NP I-NP +or O O +, O O +as B-SBAR B-SBAR +he B-NP B-NP +put B-VP B-VP +it B-NP B-NP +, O O +in B-PP B-PP +`` O O +a B-NP B-NP +common I-NP I-NP +destiny I-NP I-NP +as B-PP B-PP +Americans B-NP B-NP +. O O +'' O O + +Instead B-PP B-PP +of I-PP I-PP +lobbying B-VP B-VP +for B-PP B-PP +special B-NP B-NP +treatment I-NP I-NP +, O O +Mr. B-NP B-NP +Allen I-NP I-NP +said B-VP B-VP +that B-SBAR B-SBAR +homosexuals B-NP B-NP +and I-NP I-NP +others I-NP I-NP +should B-VP B-VP +try I-VP I-VP +to I-VP I-VP +ensure I-VP I-VP +equal B-NP B-NP +treatment I-NP I-NP +under B-PP B-PP +the B-NP B-NP +law I-NP I-NP +and O O +not O O +aim B-VP B-VP +for B-PP B-PP +special B-NP B-NP +privileges I-NP I-NP +that B-NP B-NP +would B-VP B-VP +risk I-VP I-VP +`` O O +invidious B-NP B-NP +retrenchment I-NP I-NP +with B-PP B-PP +government B-NP B-NP +complicity I-NP I-NP +. O O +'' O O + +This B-NP B-NP +hardly B-ADVP B-ADVP +sounds B-VP B-VP +like B-PP B-PP +an B-NP B-NP +anti-homosexual I-NP I-NP +screed I-NP I-NP +. O O + +What B-NP B-NP +'s O B-VP +really B-ADVP I-VP +going B-VP I-VP +on B-PRT B-PRT +here B-ADVP B-ADVP +? O O + +The B-NP B-NP +three I-NP I-NP +most I-NP I-NP +important I-NP I-NP +things I-NP I-NP +to B-VP B-VP +understand I-VP I-VP +about B-PP B-PP +Mr. B-NP B-NP +Allen I-NP I-NP +is B-VP B-VP +that B-SBAR B-SBAR +he B-NP B-NP +is B-VP B-VP +a B-NP B-NP +black I-NP I-NP +conservative I-NP I-NP +intellectual I-NP I-NP +-- O O +a B-NP B-NP +triple I-NP I-NP +threat I-NP I-NP +to B-PP B-PP +the B-NP B-NP +liberal I-NP I-NP +establishment I-NP I-NP +. O O + +Mr. B-NP B-NP +Allen I-NP I-NP +, O O +who B-NP B-NP +teaches B-VP B-VP +government B-NP B-NP +at B-PP B-PP +prestigious B-NP B-NP +Harvey I-NP I-NP +Mudd I-NP I-NP +College I-NP I-NP +in B-PP B-PP +California B-NP B-NP +and O O +will B-VP B-VP +remain I-VP I-VP +a B-NP B-NP +member I-NP I-NP +of B-PP B-PP +the B-NP B-NP +commission I-NP I-NP +, O O +has B-VP B-VP +spent I-VP I-VP +years B-NP B-NP +arguing B-VP B-VP +that B-SBAR B-SBAR +civil B-NP B-NP +rights I-NP I-NP +are B-VP B-VP +individuals B-NP B-NP +' B-NP B-NP +rights I-NP I-NP +. O O + +He B-NP B-NP +last B-ADVP B-ADVP +made B-VP B-VP +waves B-NP B-NP +when B-ADVP B-ADVP +he B-NP B-NP +dared B-VP B-VP +to I-VP I-VP +defend I-VP I-VP +an B-NP B-NP +Indian I-NP I-NP +girl I-NP I-NP +who B-NP B-NP +had B-VP B-VP +been I-VP I-VP +adopted I-VP I-VP +by B-PP B-PP +non-Indian B-NP B-NP +parents I-NP I-NP +off B-PP B-PP +her B-NP B-NP +reservation I-NP I-NP +. O O + +Mr. B-NP B-NP +Allen I-NP I-NP +quickly B-VP B-ADVP +ran I-VP B-VP +up B-ADVP B-PRT +against B-PP B-PP +the B-NP B-NP +liberal I-NP I-NP +establishment I-NP I-NP +again B-ADVP B-ADVP +, O O +which B-NP B-NP +somehow B-ADVP B-VP +elevated B-VP I-VP +the B-NP B-NP +vague I-NP I-NP +concept I-NP I-NP +of B-PP B-PP +`` O O +Indian B-NP B-NP +rights I-NP I-NP +'' O O +above B-PP B-PP +the B-NP B-NP +rights I-NP I-NP +of B-PP B-PP +individual B-NP B-NP +Indians I-NP I-NP +. O O + +There B-NP B-NP +is B-VP B-VP +a B-NP B-NP +huge I-NP I-NP +divide I-NP I-NP +between B-PP B-PP +Mr. B-NP B-NP +Allen I-NP I-NP +'s B-NP B-NP +we're-all-in-this-together I-NP I-NP +view I-NP I-NP +and O O +the B-NP B-NP +divisive I-NP I-NP +litigation I-NP I-NP +approach I-NP I-NP +of B-PP B-PP +the B-NP B-NP +civil I-NP I-NP +rights I-NP I-NP +groups I-NP I-NP +. O O + +Indeed B-ADVP B-ADVP +, O O +the B-NP B-NP +gap I-NP I-NP +is B-VP B-VP +so B-ADJP B-ADJP +large I-ADJP I-ADJP +that B-SBAR B-SBAR +Mr. B-NP B-NP +Allen I-NP I-NP +'s B-NP B-NP +critics I-NP I-NP +refuse B-VP B-VP +to I-VP I-VP +engage I-VP I-VP +the B-NP B-NP +debate I-NP I-NP +. O O + +Their B-NP B-NP +ridicule I-NP I-NP +of B-PP B-PP +him B-NP B-NP +is B-VP B-VP +no B-NP B-NP +substitute I-NP I-NP +for B-PP B-PP +argument B-NP B-NP +. O O + +Their B-NP B-NP +effort I-NP I-NP +to B-VP B-VP +run I-VP I-VP +him B-NP B-NP +out B-ADVP B-ADVP +of B-PP B-PP +Washington B-NP B-NP +is B-VP B-VP +an B-NP B-NP +embarrassment I-NP I-NP +to B-PP B-PP +the B-NP B-NP +original I-NP I-NP +purpose I-NP I-NP +of B-PP B-PP +their B-NP B-NP +own I-NP I-NP +movement I-NP I-NP +. O O + +We B-NP B-NP +hope B-VP B-VP +the B-NP B-NP +next I-NP I-NP +head I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Civil I-NP I-NP +Rights I-NP I-NP +Commission I-NP I-NP +will B-VP B-VP +be I-VP I-VP +as B-ADJP B-ADJP +brave I-ADJP I-ADJP +as B-PP B-PP +Mr. B-NP B-NP +Allen I-NP I-NP +in B-PP B-PP +making B-VP B-VP +the B-NP B-NP +case I-NP I-NP +for B-PP B-PP +equality B-NP B-NP +of B-PP B-PP +civil B-NP B-NP +rights I-NP I-NP +. O O + +Bearings B-NP B-NP +Inc. I-NP I-NP +said B-VP B-VP +its B-NP B-NP +chairman I-NP I-NP +, O O +John B-NP B-NP +R. I-NP I-NP +Cunin I-NP I-NP +, O O +will B-VP B-VP +retire I-VP I-VP +as B-PP B-PP +an B-NP B-NP +officer I-NP I-NP +of B-PP B-PP +the B-NP B-NP +company I-NP I-NP +on B-PP B-PP +Jan. B-NP B-NP +2 I-NP I-NP +. O O + +George B-NP B-NP +L. I-NP I-NP +LaMore I-NP I-NP +, O O +president B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +officer I-NP I-NP +, O O +will B-VP B-VP +become I-VP I-VP +chairman B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +upon B-PP B-PP +Mr. B-NP B-NP +Cunin I-NP I-NP +'s B-NP B-NP +retirement I-NP I-NP +. O O + +John B-NP B-NP +C. I-NP I-NP +Dannemiller I-NP I-NP +, O O +executive B-NP B-NP +vice I-NP I-NP +president I-NP I-NP +and O O +chief B-NP B-NP +operating I-NP I-NP +officer I-NP I-NP +, O O +will B-VP B-VP +become I-VP I-VP +president B-NP B-NP +and O O +chief B-NP B-NP +operating I-NP I-NP +officer I-NP I-NP +. O O + +Mr. B-NP B-NP +Cunin I-NP I-NP +, O O +65 B-NP B-NP +years I-NP I-NP +old B-ADJP B-ADJP +, O O +was B-VP B-VP +chief B-NP B-NP +executive I-NP I-NP +of B-PP B-PP +the B-NP B-NP +distributor I-NP I-NP +of B-PP B-PP +bearings B-NP B-NP +and O O +power-transmission B-NP B-NP +products I-NP I-NP +from B-PP B-PP +1982 B-NP B-NP +to B-PP B-PP +1988 B-NP B-NP +. O O + +He B-NP B-NP +will B-VP B-VP +continue I-VP I-VP +as B-PP B-PP +a B-NP B-NP +director I-NP I-NP +. O O + +Mr. B-NP B-NP +LaMore I-NP I-NP +, O O +63 B-NP B-NP +, O O +a B-NP B-NP +48-year I-NP I-NP +veteran I-NP I-NP +at B-PP B-PP +Bearings B-NP B-NP +, O O +has B-VP B-VP +been I-VP I-VP +president B-NP B-NP +since B-PP B-PP +1983 B-NP B-NP +. O O + +Mr. B-NP B-NP +Dannemiller I-NP I-NP +, O O +51 B-NP B-NP +, O O +joined B-VP B-VP +Bearings B-NP B-NP +in B-PP B-PP +August B-NP B-NP +1988 I-NP I-NP +from B-PP B-PP +Leaseway B-NP B-NP +Transportation I-NP I-NP +Corp. I-NP I-NP +, O O +where B-ADVP B-ADVP +he B-NP B-NP +was B-VP B-VP +president B-NP B-NP +and O O +chief B-NP B-NP +operating I-NP I-NP +officer I-NP I-NP +. O O + +He B-NP B-NP +has B-VP B-VP +been I-VP I-VP +a B-NP B-NP +Bearings I-NP I-NP +director I-NP I-NP +since B-PP B-PP +1985 B-NP B-NP +. O O + +The B-NP B-NP +appointments I-NP I-NP +are B-VP B-VP +part B-NP B-NP +of B-PP B-PP +a B-NP B-NP +planned I-NP I-NP +succession I-NP I-NP +at B-PP B-PP +the B-NP B-NP +company I-NP I-NP +. O O + +Soviet B-NP B-NP +leader I-NP I-NP +Mikhail I-NP I-NP +Gorbachev I-NP I-NP +opened B-VP B-VP +a B-NP B-NP +major I-NP I-NP +U.S. I-NP I-NP +trade I-NP I-NP +exhibition I-NP I-NP +in B-PP B-PP +Moscow B-NP B-NP +and O O +spent B-VP B-VP +two B-NP B-NP +hours I-NP I-NP +touring B-VP B-VP +some B-NP B-NP +of B-PP B-PP +the B-NP B-NP +150 I-NP I-NP +stalls I-NP I-NP +representing B-VP B-VP +such B-NP B-NP +blue-chip I-NP I-NP +companies I-NP I-NP +as B-PP B-PP +General B-NP B-NP +Motors I-NP I-NP +Corp. I-NP I-NP +, O O +International B-NP B-NP +Business I-NP I-NP +Machines I-NP I-NP +Corp. I-NP I-NP +and O O +Johnson B-NP B-NP +& I-NP I-NP +Johnson I-NP I-NP +. O O + +At B-PP B-PP +the B-NP B-NP +Archer-Daniels-Midland I-NP I-NP +Co. I-NP I-NP +stand I-NP I-NP +, O O +Mrs. B-NP B-NP +Nelson I-NP I-NP +Rockefeller I-NP I-NP +, O O +a B-NP B-NP +board I-NP I-NP +member I-NP I-NP +, O O +offered B-VP B-VP +him B-NP B-NP +a B-NP B-NP +soy I-NP I-NP +burger I-NP I-NP +. O O + +He B-NP B-NP +did B-VP B-VP +n't I-VP I-VP +bite I-VP I-VP +. O O + +The B-NP B-NP +exhibition I-NP I-NP +by B-PP B-PP +the B-NP B-NP +U.S.-U.S.S.R. I-NP I-NP +Trade I-NP I-NP +and I-NP I-NP +Economic I-NP I-NP +Council I-NP I-NP +underscores B-VP B-VP +the B-NP B-NP +growing I-NP I-NP +U.S. I-NP I-NP +interest I-NP I-NP +in B-PP B-PP +that B-NP B-NP +nation I-NP I-NP +'s B-NP B-NP +market I-NP I-NP +, O O +though B-SBAR B-SBAR +trade B-NP B-NP +between B-PP B-PP +the B-NP B-NP +two I-NP I-NP +countries I-NP I-NP +is B-VP B-VP +a B-NP B-NP +minuscule I-NP I-NP +$ I-NP I-NP +3 I-NP I-NP +billion I-NP I-NP +. O O + +The B-NP B-NP +Soviet I-NP I-NP +president I-NP I-NP +and O O +his B-NP B-NP +prime I-NP I-NP +minister I-NP I-NP +, O O +Nikolai B-NP B-NP +Ryzhkov I-NP I-NP +, O O +spent B-VP B-VP +the B-NP B-NP +longest I-NP I-NP +time I-NP I-NP +, O O +about B-NP B-NP +15 I-NP I-NP +minutes I-NP I-NP +, O O +at B-PP B-PP +the B-NP B-NP +IBM I-NP I-NP +stand I-NP I-NP +, O O +where B-ADVP B-ADVP +they B-NP B-NP +got B-VP B-VP +souvenir B-NP B-NP +computer-chip I-NP I-NP +key I-NP I-NP +rings I-NP I-NP +. O O + +At B-PP B-PP +the B-NP B-NP +GM I-NP I-NP +stall I-NP I-NP +, O O +they B-NP B-NP +barely B-ADVP B-ADVP +looked B-VP B-VP +at B-PP B-PP +a B-NP B-NP +gleaming I-NP I-NP +Cadillac I-NP I-NP +, O O +preferring B-VP B-VP +to I-VP I-VP +talk I-VP I-VP +about B-PP B-PP +cooperation B-NP B-NP +possibilities I-NP I-NP +. O O + +In B-PP B-PP +Beijing B-NP B-NP +, O O +meantime B-ADVP B-ADVP +, O O +China B-NP B-NP +opened B-VP B-VP +an B-NP B-NP +international I-NP I-NP +aviation I-NP I-NP +show I-NP I-NP +, O O +but O O +the B-NP B-NP +West I-NP I-NP +'s B-NP B-NP +embargo I-NP I-NP +on B-PP B-PP +military B-NP B-NP +deals I-NP I-NP +and O O +uncertainty B-NP B-NP +about B-PP B-PP +the B-NP B-NP +nation I-NP I-NP +'s B-NP B-NP +stability I-NP I-NP +kept B-VP B-VP +many B-NP B-NP +foreign I-NP I-NP +exhibitors I-NP I-NP +away B-ADVP B-ADVP +. O O + +Officials B-NP B-NP +said B-VP B-VP +91 B-NP B-NP +companies I-NP I-NP +from B-PP B-PP +14 B-NP B-NP +countries I-NP I-NP +, O O +including B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +, O O +had B-VP B-VP +displays B-NP B-NP +, O O +down B-ADVP B-ADVP +from B-PP B-PP +about B-NP B-NP +260 I-NP I-NP +firms I-NP I-NP +from B-PP B-PP +more B-NP B-NP +than I-NP I-NP +20 I-NP I-NP +countries I-NP I-NP +at B-PP B-PP +the B-NP B-NP +last I-NP I-NP +show I-NP I-NP +in I-NP B-PP + +Japanese B-NP B-NP +air-conditioner I-NP I-NP +maker I-NP I-NP +Daikin I-NP I-NP +Industries I-NP I-NP +Ltd. I-NP I-NP +was B-VP B-VP +fined I-VP I-VP +two B-NP B-NP +million I-NP I-NP +yen I-NP I-NP +-LRB- O O +$ B-NP B-NP +14,000 I-NP I-NP +-RRB- O O +for B-PP B-PP +exporting B-VP B-VP +to B-PP B-PP +the B-NP B-NP +Soviet I-NP I-NP +Union I-NP I-NP +a B-NP B-NP +chemical I-NP I-NP +solution I-NP I-NP +that B-NP B-NP +could B-VP B-VP +be I-VP I-VP +used I-VP I-VP +in B-PP B-PP +missile-guidance B-NP B-NP +systems I-NP I-NP +. O O + +A B-NP B-NP +Daikin I-NP I-NP +executive I-NP I-NP +in B-PP B-PP +charge B-NP B-NP +of B-PP B-PP +exports B-NP B-NP +when B-ADVP B-ADVP +the B-NP B-NP +high-purity I-NP I-NP +halogenated I-NP I-NP +hydrocarbon I-NP I-NP +was B-VP B-VP +sold I-VP I-VP +to B-PP B-PP +the B-NP B-NP +Soviets I-NP I-NP +in B-PP B-PP +1986 B-NP B-NP +received B-VP B-VP +a B-NP B-NP +suspended I-NP I-NP +10-month I-NP I-NP +jail I-NP I-NP +sentence I-NP I-NP +. O O + +Judge B-NP B-NP +Masaaki I-NP I-NP +Yoneyama I-NP I-NP +told B-VP B-VP +the B-NP B-NP +Osaka I-NP I-NP +District I-NP I-NP +Court I-NP I-NP +Daikin B-NP I-NP +'s B-NP B-NP +`` I-NP I-NP +responsibility I-NP I-NP +is B-VP B-VP +heavy B-ADJP B-ADJP +because B-SBAR B-SBAR +illegal B-NP B-NP +exports I-NP I-NP +lowered B-VP B-VP +international B-NP B-NP +trust I-NP I-NP +in B-PP B-PP +Japan B-NP B-NP +. O O +'' O O + +Sale B-NP B-NP +of B-PP B-PP +the B-NP B-NP +solution I-NP I-NP +in B-PP B-PP +concentrated B-NP B-NP +form I-NP I-NP +to B-PP B-PP +Communist B-NP B-NP +countries I-NP I-NP +is B-VP B-VP +prohibited I-VP I-VP +by B-PP B-PP +Japanese B-NP B-NP +law I-NP I-NP +and B-PP B-PP +by B-PP B-PP +international B-NP B-NP +agreement I-NP I-NP +. O O + +A B-NP B-NP +Soviet I-NP I-NP +legislative I-NP I-NP +panel I-NP I-NP +rejected B-VP B-VP +as B-PP B-PP +not B-ADJP B-NP +radical I-ADJP I-NP +enough I-ADJP I-NP +a B-NP B-NP +government I-NP I-NP +proposal I-NP I-NP +on B-PP B-PP +decentralizing B-VP B-VP +economic B-NP B-NP +control I-NP I-NP +. O O + +The B-NP B-NP +newspaper I-NP I-NP +Leninskoye I-NP I-NP +Zamya I-NP I-NP +said B-VP B-VP +the B-NP B-NP +committee I-NP I-NP +decided B-VP B-VP +the B-NP B-NP +plan I-NP I-NP +to B-VP B-VP +parcel I-VP I-VP +out B-PRT B-PRT +economic B-NP B-NP +powers I-NP I-NP +previously B-VP B-VP +exercised I-VP I-VP +by B-PP B-PP +Moscow B-NP B-NP +to B-PP B-PP +the B-NP B-NP +country I-NP I-NP +'s B-NP B-NP +15 I-NP I-NP +republics I-NP I-NP +`` O O +does B-VP B-VP +n't I-VP I-VP +reflect I-VP I-VP +the B-NP B-NP +radical I-NP I-NP +changes I-NP I-NP +in B-PP B-PP +the B-NP B-NP +Soviet I-NP I-NP +federation I-NP I-NP +. O O +'' O O + +The B-NP B-NP +committee I-NP I-NP +gave B-VP B-VP +the B-NP B-NP +government I-NP I-NP +until B-PP B-PP +Nov. B-NP B-NP +15 I-NP I-NP +to B-VP B-VP +revise I-VP I-VP +the B-NP B-NP +proposal I-NP I-NP +. O O + +The B-NP B-NP +move I-NP I-NP +reflected B-VP B-VP +the B-NP B-NP +growing I-NP I-NP +confidence I-NP I-NP +of B-PP B-PP +the B-NP B-NP +revamped I-NP I-NP +Supreme I-NP I-NP +Soviet I-NP I-NP +. O O + +Scott B-NP B-NP +Paper I-NP I-NP +Co. I-NP I-NP +said B-VP B-VP +it B-NP B-NP +is B-VP B-VP +abandoning I-VP I-VP +a B-NP B-NP +proposed I-NP I-NP +$ I-NP I-NP +650 I-NP I-NP +million I-NP I-NP +tree-farming I-NP I-NP +project I-NP I-NP +in B-PP B-PP +Indonesia B-NP B-NP +because B-SBAR B-SBAR +it B-NP B-NP +no B-ADVP B-ADVP +longer I-ADVP I-ADVP +expects B-VP B-VP +to I-VP I-VP +use I-VP I-VP +as B-NP B-NP +much I-NP I-NP +eucalyptus I-NP I-NP +pulp I-NP I-NP +as O B-SBAR +previously B-VP B-ADVP +anticipated I-VP B-VP +. O O + +The B-NP B-NP +eucalyptus I-NP I-NP +plantation I-NP I-NP +and I-NP I-NP +pulp I-NP I-NP +mill I-NP I-NP +, O O +which B-NP B-NP +would B-VP B-VP +have I-VP I-VP +covered I-VP I-VP +about B-NP B-NP +175,000 I-NP I-NP +acres I-NP I-NP +in B-PP B-PP +the B-NP B-NP +Irian I-NP I-NP +Jaya I-NP I-NP +region I-NP I-NP +, O O +had B-VP B-VP +been I-VP I-VP +approved I-VP I-VP +by B-PP B-PP +Indonesia B-NP B-NP +'s B-NP B-NP +investment I-NP I-NP +board I-NP I-NP +. O O + +But O O +it B-NP B-NP +was B-VP B-VP +opposed I-VP I-VP +by B-PP B-PP +some B-NP B-NP +environmentalists I-NP I-NP +as B-PP B-PP +a B-NP B-NP +threat I-NP I-NP +to B-PP B-PP +Irian B-NP B-NP +Jaya I-NP I-NP +'s B-NP B-NP +forests I-NP I-NP +and O O +a B-NP B-NP +potential I-NP I-NP +source I-NP I-NP +of B-PP B-PP +social B-NP B-NP +unrest I-NP I-NP +for B-PP B-PP +the B-NP B-NP +primitive I-NP I-NP +tribes I-NP I-NP +who B-NP B-NP +inhabit B-VP B-VP +them B-NP B-NP +. O O + +Yaohan B-NP B-NP +Departmentstore I-NP I-NP +Co. I-NP I-NP +of B-PP B-PP +Japan B-NP B-NP +is B-VP B-VP +moving I-VP I-VP +its B-NP B-NP +international-operations I-NP I-NP +headquarters I-NP I-NP +and O O +holding B-NP B-VP +company I-NP B-NP +to B-PP B-PP +Hong B-NP B-NP +Kong I-NP I-NP +to B-VP B-VP +gain I-VP I-VP +from B-PP B-PP +the B-NP B-NP +British I-NP I-NP +colony I-NP I-NP +'s B-NP B-NP +economic I-NP I-NP +advantages I-NP I-NP +and I-NP I-NP +tax I-NP I-NP +structure I-NP I-NP +. O O + +With B-PP B-PP +funds B-NP B-NP +of B-PP B-PP +5.56 B-NP B-NP +billion I-NP I-NP +Hong I-NP I-NP +Kong I-NP I-NP +dollars I-NP I-NP +-LRB- O O +US$ B-NP B-NP +712 I-NP I-NP +million I-NP I-NP +-RRB- O O +, O O +the B-NP B-NP +new I-NP I-NP +company I-NP I-NP +, O O +Yaohan B-NP B-NP +International I-NP I-NP +Co. I-NP I-NP +, O O +plans B-VP B-VP +to I-VP I-VP +acquire I-VP I-VP +10 B-NP B-NP +of B-PP B-PP +Hong B-NP B-NP +Kong I-NP I-NP +'s B-NP B-NP +top I-NP I-NP +restaurants I-NP I-NP +. O O + +It B-NP B-NP +also B-VP B-ADVP +intends I-VP B-VP +to B-VP I-VP +set I-VP I-VP +up B-PRT B-PRT +an B-NP B-NP +international I-NP I-NP +wholesale I-NP I-NP +market I-NP I-NP +with B-PP B-PP +the B-NP B-NP +Singapore I-NP I-NP +government I-NP I-NP +next B-NP B-NP +May I-NP I-NP +and O O +to B-VP B-VP +open I-VP I-VP +a B-NP B-NP +department I-NP I-NP +store I-NP I-NP +in B-PP B-PP +Bangkok B-NP B-NP +and O I-NP +shopping B-NP I-NP +centers I-NP I-NP +in B-PP B-PP +Malaysia B-NP B-NP +, I-NP O +Taiwan I-NP B-NP +, I-NP O +Canada I-NP B-NP +, I-NP O +Chicago I-NP B-NP +and I-NP O +Seattle I-NP B-NP +by B-PP B-PP +December B-NP B-NP +1990 I-NP I-NP +. O O + +The B-NP B-NP +chain I-NP I-NP +currently B-VP B-ADVP +has I-VP B-VP +90 B-NP B-NP +retail I-NP I-NP +outlets I-NP I-NP +in B-PP B-PP +Japan B-NP B-NP +, O O +seven B-NP B-NP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +, O O +three B-NP B-NP +in B-PP B-PP +Hong B-NP B-NP +Kong I-NP I-NP +and O O +a B-NP B-NP +dozen I-NP I-NP +more B-NP I-NP +scattered B-ADJP B-VP +around B-PP B-PP +the B-NP B-NP +globe I-NP I-NP +. O O + +Major B-NP B-NP +European I-NP I-NP +auction I-NP I-NP +houses I-NP I-NP +are B-VP B-VP +turning I-VP I-VP +increasingly B-ADVP B-ADVP +to B-PP B-PP +specialized B-NP B-NP +sales I-NP I-NP +. O O + +Christie B-NP B-NP +'s B-NP B-NP +will B-VP B-VP +soon I-VP I-VP +have I-VP I-VP +a B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +Dada B-NP B-NP +and I-NP O +Symbolist I-NP B-NP +art I-NP I-NP +while O B-SBAR +Sotheby B-NP B-NP +'s B-NP B-NP +is B-VP B-VP +luring I-VP I-VP +collectors B-NP B-NP +with B-PP B-PP +sales B-NP B-NP +of B-PP B-PP +Swiss B-NP B-NP +, I-NP I-NP +German I-NP I-NP +, I-NP I-NP +Spanish I-NP I-NP +, I-NP I-NP +Australian I-NP I-NP +and I-NP I-NP +Canadian I-NP I-NP +paintings I-NP I-NP +. O O + +In B-PP B-PP +Brussels B-NP B-NP +, O O +Hotel B-NP B-NP +de I-NP I-NP +Ventes I-NP I-NP +Horta I-NP I-NP +auctioned B-VP B-VP +pistols B-NP B-NP +and I-NP I-NP +sabers I-NP I-NP +- O O +along B-ADVP B-ADVP +with B-PP B-PP +paintings B-NP B-NP +and I-NP I-NP +jewels I-NP I-NP +. O O + +Berlin B-NP B-NP +'s B-NP B-NP +Villa I-NP I-NP +Grisebach I-NP I-NP +will B-VP B-VP +auction I-VP I-VP +art B-NP B-NP +works I-NP I-NP +with B-PP B-PP +pre-sale B-NP B-NP +estimates I-NP I-NP +of B-PP B-PP +less B-NP B-NP +than I-NP I-NP +$ I-NP I-NP +1,600 I-NP I-NP +on B-PP B-PP +Nov. B-NP B-NP +25 I-NP I-NP +. O O + +The B-NP B-NP +auction I-NP I-NP +house I-NP I-NP +, O O +known B-VP B-VP +for B-PP B-PP +its B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +top-drawer B-NP B-NP +19th I-NP I-NP +and I-NP I-NP +20th I-NP I-NP +century I-NP I-NP +works I-NP I-NP +, O O +is B-VP B-VP +providing I-VP I-VP +`` O O +a B-NP B-NP +service I-NP I-NP +to B-PP B-PP +clients B-NP B-NP +who B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +want I-VP I-VP +to I-VP I-VP +sell I-VP I-VP +just B-NP B-NP +their I-NP I-NP +fabulous I-NP I-NP +oil I-NP I-NP +paintings I-NP I-NP +, O O +'' O O +says B-VP B-VP +Villa B-NP B-NP +Grisebach I-NP I-NP +'s B-NP B-NP +Vivien I-NP I-NP +Reuter I-NP I-NP +. O O + +Antwerp B-NP B-NP +auctioneer I-NP I-NP +Campo I-NP I-NP +is B-VP B-VP +less B-ADJP B-ADJP +concerned I-ADJP I-ADJP +with B-PP B-PP +market B-NP B-NP +niches I-NP I-NP +than B-ADVP B-PP +with B-PP B-PP +Belgium B-NP B-NP +'s B-NP B-NP +crushing I-NP I-NP +tax I-NP I-NP +and I-NP I-NP +auction-fee I-NP I-NP +burden I-NP I-NP +. O O + +`` O O +Everything B-NP B-NP +has B-VP B-VP +to I-VP I-VP +be I-VP I-VP +the B-NP B-NP +same I-NP I-NP +between B-PP B-PP +countries B-NP B-NP +, O O +'' O O +says B-VP B-VP +Campo B-NP B-NP +'s B-NP B-NP +Stefan I-NP I-NP +Campo I-NP I-NP +, O O +who B-NP B-NP +is B-VP B-VP +asking I-VP I-VP +clients B-NP B-NP +to B-VP B-VP +sign I-VP I-VP +protest B-NP B-NP +petitions I-NP I-NP +. O O + +`` O O +Then B-ADVP O +there B-NP B-NP +'ll B-VP B-VP +be I-VP I-VP +fair B-NP B-NP +competition I-NP I-NP +. O O +'' O O + +Ending B-VP B-VP +tax-free B-NP B-NP +shopping I-NP I-NP +in B-PP B-PP +the B-NP B-NP +European I-NP I-NP +Community I-NP I-NP +after B-PP B-PP +1992 B-NP B-NP +could B-VP B-VP +threaten I-VP I-VP +more B-NP B-NP +than I-NP I-NP +3,000 I-NP I-NP +jobs I-NP I-NP +, O O +the B-NP B-NP +International I-NP I-NP +Duty I-NP I-NP +Free I-NP I-NP +Confederation I-NP I-NP +said B-VP B-VP +. O O + +Instead B-PP B-PP +of I-PP I-PP +banning B-VP B-VP +such B-NP B-NP +shopping I-NP I-NP +, O O +the B-NP B-NP +confederation I-NP I-NP +proposed B-VP B-VP +amending I-VP B-NP +controls B-NP I-NP +to B-VP B-VP +be I-VP I-VP +sure B-ADJP B-ADJP +the B-NP B-NP +privilege I-NP I-NP +is B-VP B-VP +n't I-VP I-VP +abused I-VP I-VP +... O O +. O O + +British B-NP B-NP +and I-NP I-NP +Argentine I-NP I-NP +diplomats I-NP I-NP +opened B-VP B-VP +talks B-NP B-NP +in B-PP B-PP +Madrid B-NP B-NP +aimed B-VP B-VP +at B-PP B-PP +restoring B-VP B-VP +ties B-NP B-NP +severed B-VP B-VP +because B-PP B-PP +of I-PP I-PP +their B-NP B-NP +1982 I-NP I-NP +war I-NP I-NP +over B-PP B-PP +the B-NP B-NP +Falkland I-NP I-NP +Islands I-NP I-NP +. O O + +Britain B-NP B-NP +'s B-NP B-NP +U.N. I-NP I-NP +representative I-NP I-NP +and I-NP I-NP +delegation I-NP I-NP +head I-NP I-NP +Crispin I-NP I-NP +Tickell I-NP I-NP +called B-VP B-VP +the B-NP B-NP +first I-NP I-NP +meeting I-NP I-NP +`` O O +good B-ADJP B-ADJP +, I-ADJP I-ADJP +interesting I-ADJP I-ADJP +and I-ADJP I-ADJP +businesslike I-ADJP I-ADJP +. O O + +Polaroid B-NP B-NP +Corp. I-NP I-NP +, O O +benefiting B-VP B-VP +from B-PP B-PP +staff-reduction B-NP B-NP +savings I-NP I-NP +, O O +reported B-VP B-VP +a B-NP B-NP +strong I-NP I-NP +gain I-NP I-NP +in B-PP B-PP +third-quarter B-NP B-NP +operating I-NP I-NP +results I-NP I-NP +and O O +net B-NP B-NP +income I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +29.9 I-NP I-NP +million I-NP I-NP +, O O +or O O +40 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +after B-PP B-PP +preferred-stock B-NP B-NP +requirements I-NP I-NP +. O O + +Analysts B-NP B-NP +said B-VP B-VP +the B-NP B-NP +numbers I-NP I-NP +were B-VP B-VP +better B-ADJP B-ADJP +than B-PP B-PP +expectations B-NP B-NP +, O O +partly B-ADVP B-ADVP +because B-PP B-PP +of I-PP I-PP +strong B-NP B-NP +profit I-NP I-NP +margins I-NP I-NP +and O O +a B-NP B-NP +positive I-NP I-NP +foreign-currency I-NP I-NP +translation I-NP I-NP +. O O + +However B-ADVP B-ADVP +, O O +they B-NP B-NP +said B-VP B-VP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +flat I-NP I-NP +revenue I-NP I-NP +was B-VP B-VP +a B-NP B-NP +disappointment I-NP I-NP +, O O +and O O +an B-NP B-NP +indication I-NP I-NP +that B-SBAR B-SBAR +sales B-NP B-NP +of B-PP B-PP +Polaroid B-NP B-NP +'s B-NP B-NP +new I-NP I-NP +conventional I-NP I-NP +film I-NP I-NP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +have B-VP B-VP +been I-VP I-VP +sluggish B-ADJP B-ADJP +. O O + +Revenue B-NP B-NP +in B-PP B-PP +the B-NP B-NP +third I-NP I-NP +quarter I-NP I-NP +was B-VP B-VP +$ B-NP B-NP +437.7 I-NP I-NP +million I-NP I-NP +, O O +almost B-ADJP B-ADJP +unchanged I-ADJP I-ADJP +from B-PP B-PP +$ B-NP B-NP +436.3 I-NP I-NP +million I-NP I-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +Polaroid B-NP B-NP +reported B-VP B-VP +operating B-NP B-NP +profit I-NP I-NP +before B-PP B-PP +taxes B-NP B-NP +and O O +interest B-NP B-NP +costs I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +63.1 I-NP I-NP +million I-NP I-NP +for B-PP B-PP +the B-NP B-NP +third I-NP I-NP +quarter I-NP I-NP +, O O +more B-NP B-VP +than I-NP I-VP +double I-NP I-VP +the I-NP B-NP +year-before I-NP I-NP +$ I-NP I-NP +24 I-NP I-NP +million I-NP I-NP +. O O + +Charges B-NP B-NP +for B-PP B-PP +staff B-NP B-NP +cuts I-NP I-NP +and O O +other B-NP B-NP +restructuring I-NP I-NP +produced B-VP B-VP +a B-NP B-NP +net I-NP I-NP +loss I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +54.1 I-NP I-NP +million I-NP I-NP +, O O +or O O +77 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +in B-PP B-PP +1988 B-NP B-NP +'s B-NP B-NP +third I-NP I-NP +quarter I-NP I-NP +. O O + +`` O O +I B-NP B-NP +'m B-VP B-VP +somewhat B-ADJP B-ADJP +skeptical I-ADJP I-ADJP +about B-PP B-PP +the B-NP B-NP +underlying I-NP I-NP +demand I-NP I-NP +'' O O +for B-PP B-PP +Polaroid B-NP B-NP +products I-NP I-NP +, O O +said B-VP B-VP +Michael B-NP B-NP +Ellmann I-NP I-NP +, O O +an B-NP B-NP +analyst I-NP I-NP +with B-PP B-PP +Wertheim B-NP B-NP +Schroder I-NP I-NP +& I-NP I-NP +Co I-NP I-NP +. O O + +`` O O +If B-SBAR B-SBAR +you B-NP B-NP +believe B-VP B-VP +that B-SBAR B-SBAR +a B-NP B-NP +good I-NP I-NP +performance I-NP I-NP +next B-NP B-NP +year I-NP I-NP +is B-VP B-VP +contingent B-ADJP B-ADJP +on B-PP B-PP +an B-NP B-NP +acceleration I-NP I-NP +of B-PP B-PP +revenue B-NP B-NP +, O O +there B-NP B-NP +is B-VP B-VP +n't O O +a B-NP B-NP +lot I-NP I-NP +here B-ADVP B-ADVP +to B-VP B-VP +base I-VP I-VP +optimism B-NP B-NP +on B-PP B-PP +. O O +'' O O + +Alex B-NP B-NP +Henderson I-NP I-NP +, O O +an B-NP B-NP +analyst I-NP I-NP +with B-PP B-PP +Prudential-Bache B-NP B-NP +, O O +says B-VP B-VP +Polaroid B-NP B-NP +officials I-NP I-NP +told B-VP B-VP +him B-NP B-NP +yesterday B-NP B-NP +that B-SBAR B-SBAR +U.S. B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +new I-NP I-NP +conventional I-NP I-NP +film I-NP I-NP +product I-NP I-NP +, O O +introduced B-VP B-VP +in B-PP B-PP +the B-NP B-NP +second I-NP I-NP +quarter I-NP I-NP +, O O +have B-VP B-VP +been I-VP I-VP +`` B-ADJP O +disappointing I-ADJP B-ADJP +'' O O +after B-PP B-PP +a B-NP B-NP +promising I-NP I-NP +start I-NP I-NP +. O O + +Sam B-NP B-NP +Yanes I-NP I-NP +, O O +a B-NP B-NP +Polaroid I-NP I-NP +spokesman I-NP I-NP +, O O +said B-VP B-VP +`` O O +I B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +know I-VP I-VP +about B-PP B-PP +disappointing O B-ADJP +, O O +'' O O +but O O +added B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +company I-NP I-NP +has B-VP B-VP +n't I-VP I-VP +been I-VP I-VP +able B-ADJP B-ADJP +to B-VP B-VP +get I-VP I-VP +the B-NP B-NP +product I-NP I-NP +on B-PP B-PP +the B-NP B-NP +shelves I-NP I-NP +of B-PP B-PP +some B-NP B-NP +mass-merchandise I-NP I-NP +, I-NP I-NP +discount I-NP I-NP +retailers I-NP I-NP +that B-NP B-NP +it B-NP B-NP +had B-VP B-VP +hoped I-VP I-VP +would B-VP B-VP +be I-VP I-VP +carrying I-VP I-VP +the B-NP B-NP +product I-NP I-NP +already B-ADVP B-ADVP +. O O + +Mr. B-NP B-NP +Yanes I-NP I-NP +said B-VP B-VP +the B-NP B-NP +film I-NP I-NP +, O O +One B-NP B-NP +Film I-NP I-NP +, O O +is B-VP B-VP +currently I-VP I-VP +carried I-VP I-VP +at B-PP B-PP +about B-NP B-NP +15,000 I-NP I-NP +retail I-NP I-NP +outlets I-NP I-NP +, O O +including B-PP B-PP +drugstores B-NP B-NP +and I-NP I-NP +supermarkets I-NP I-NP +. O O + +For B-PP B-PP +the B-NP B-NP +nine I-NP I-NP +months I-NP I-NP +, O O +Polaroid B-NP B-NP +reported B-VP B-VP +earnings B-NP B-NP +of B-PP B-PP +$ B-NP B-NP +98.5 I-NP I-NP +million I-NP I-NP +, O O +or O O +$ B-NP B-NP +1.27 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +Last B-NP B-NP +year I-NP I-NP +, O O +the B-NP B-NP +company I-NP I-NP +had B-VP B-VP +a B-NP B-NP +nine-month I-NP I-NP +loss I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +15.1 I-NP I-NP +million I-NP I-NP +, O O +or O O +23 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +In B-PP B-PP +New B-NP B-NP +York I-NP I-NP +Stock I-NP I-NP +Exchange I-NP I-NP +composite I-NP I-NP +trading I-NP I-NP +, O O +Polaroid B-NP B-NP +closed B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +47 I-NP I-NP +, O O +up B-ADVP B-ADVP +$ B-NP B-NP +1.125 I-NP I-NP +. O O + +Why B-ADVP B-ADVP +is O O +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +suddenly B-ADVP B-ADVP +so B-ADJP B-ADJP +volatile I-ADJP I-ADJP +? O O + +Yesterday B-NP B-NP +, O O +the B-NP B-NP +Dow I-NP I-NP +Jones I-NP I-NP +Industrial I-NP I-NP +Average I-NP I-NP +did B-VP B-VP +a B-NP B-NP +now I-NP I-NP +familiar I-NP I-NP +dance I-NP I-NP +: O O +It B-NP B-NP +plunged B-VP B-VP +60.25 B-NP B-NP +points I-NP I-NP +before B-PP B-PP +lunch B-NP B-NP +, O O +with B-PP B-PP +most B-NP B-NP +of B-PP B-PP +the B-NP B-NP +drop I-NP I-NP +occurring B-VP B-VP +in B-PP B-PP +25 B-NP B-NP +minutes I-NP I-NP +. O O + +Then B-ADVP B-ADVP +, O O +it B-NP B-NP +rebounded B-VP B-VP +to B-VP B-VP +finish I-VP I-VP +down B-ADVP B-ADVP +only B-NP B-NP +18.65 I-NP I-NP +points I-NP I-NP +. O O + +And O O +those B-NP B-NP +swings I-NP I-NP +paled B-VP B-VP +beside B-PP B-PP +Friday B-NP B-NP +'s B-NP B-NP +190.58-point I-NP I-NP +plunge I-NP I-NP +and O O +Monday B-NP B-NP +'s B-NP B-NP +88.12-point I-NP I-NP +recovery I-NP I-NP +. O O + +`` O O +It B-NP B-NP +'s B-VP B-VP +madness B-NP B-NP +-- O O +that B-SBAR B-SBAR +in B-PP B-PP +an B-NP B-NP +hour I-NP I-NP +you B-NP B-NP +can B-VP B-VP +whack I-VP I-VP +off B-PRT B-PRT +so B-NP B-NP +much I-NP I-NP +value I-NP I-NP +, O O +'' O O +says B-VP B-VP +Stanford B-NP B-NP +Calderwood I-NP I-NP +, O O +chairman B-NP B-NP +of B-PP B-PP +Trinity B-NP B-NP +Investment I-NP I-NP +Management I-NP I-NP +Corp. I-NP I-NP +, O O +Boston B-NP B-NP +. O O + +And O O +, O O +apparently B-ADVP B-ADVP +, O O +it B-NP B-NP +is B-VP B-VP +here B-ADVP B-ADVP +to B-VP B-VP +stay I-VP I-VP +. O O + +Richard B-NP B-NP +Bernstein I-NP I-NP +, O O +senior B-NP B-NP +quantitative I-NP I-NP +analyst I-NP I-NP +at B-PP B-PP +Merrill B-NP B-NP +Lynch I-NP I-NP +& I-NP I-NP +Co I-NP I-NP +, O O +says B-VP B-VP +, O O +`` O O +My B-NP B-NP +gut I-NP I-NP +feel I-NP I-NP +is B-VP B-VP +that B-SBAR B-SBAR +we B-NP B-NP +'ll B-VP B-VP +live I-VP I-VP +with B-PP B-PP +those B-NP B-NP +swings I-NP I-NP +for B-PP B-PP +a B-NP B-NP +while I-NP I-NP +. O O +'' O O + +There B-NP B-NP +are B-VP B-VP +many B-NP B-NP +reasons I-NP I-NP +for B-PP B-PP +the B-NP B-NP +market I-NP I-NP +'s B-NP B-NP +jumpiness I-NP I-NP +: O O +new B-NP B-NP +trading I-NP I-NP +vehicles I-NP I-NP +such B-PP B-PP +as I-PP I-PP +stock-index B-NP B-NP +futures I-NP I-NP +and O O +options B-NP B-NP +; O O +computer-driven B-NP B-NP +strategies I-NP I-NP +like B-PP B-PP +program B-NP B-NP +trading I-NP I-NP +; O O +and O O +crowd B-NP B-NP +psychology I-NP I-NP +. O O + +But O O +most B-NP B-NP +are B-VP B-VP +linked I-VP I-VP +by B-PP B-PP +a B-NP B-NP +single I-NP I-NP +theme I-NP I-NP +: O O +liquidity B-NP B-NP +-- O O +the B-NP B-NP +ability I-NP I-NP +to B-VP B-VP +get I-VP I-VP +in B-PP B-PP +and B-PP B-PP +out B-PP B-PP +of B-PP B-PP +the B-NP B-NP +market I-NP I-NP +quickly B-ADVP B-ADVP +. O O + +Prices B-NP B-NP +are B-VP B-VP +moving I-VP I-VP +up B-ADVP B-ADVP +and I-ADVP I-ADVP +down I-ADVP I-ADVP +so B-ADVP B-ADVP +fast I-ADVP I-ADVP +because B-SBAR B-SBAR +investors B-NP B-NP +are B-VP B-VP +employing I-VP I-VP +ways B-NP B-NP +to B-VP B-VP +turn I-VP I-VP +over B-PRT B-PRT +shares B-NP B-NP +at B-PP B-PP +ever-faster B-NP B-NP +rates I-NP I-NP +and O O +increasingly B-VP B-VP +acting I-VP I-VP +in B-PP B-PP +concert B-NP B-NP +. O O + +`` O O +Institutions B-NP B-NP +are B-VP B-VP +herding I-VP I-VP +animals B-NP B-NP +, O O +'' O O +says B-VP B-VP +Peter B-NP B-NP +Anderson I-NP I-NP +, O O +who B-NP B-NP +heads B-VP B-VP +the B-NP B-NP +pension-fund I-NP I-NP +management I-NP I-NP +arm I-NP I-NP +of B-PP B-PP +IDS B-NP B-NP +Financial I-NP I-NP +Services I-NP I-NP +Inc I-NP I-NP +. O O + +`` O O +We B-NP B-NP +watch B-VP B-VP +the B-NP B-NP +same I-NP I-NP +indicators I-NP I-NP +and O O +listen B-VP B-VP +to B-PP B-PP +the B-NP B-NP +same I-NP I-NP +prognosticators I-NP I-NP +. O O + +Like B-PP B-PP +lemmings B-NP B-NP +, O O +we B-NP B-NP +tend B-VP B-VP +to I-VP I-VP +move I-VP I-VP +in B-PP B-PP +the B-NP B-NP +same I-NP I-NP +direction I-NP I-NP +at B-PP B-PP +same B-NP B-NP +time I-NP I-NP +. O O +'' O O + +And O O +that B-NP B-NP +, O O +naturally B-ADVP B-ADVP +, O O +exacerbates B-VP B-VP +price B-NP B-NP +movements I-NP I-NP +. O O + +Institutions B-NP B-NP +-- O O +who B-NP B-NP +now B-ADVP B-ADVP +account B-VP B-VP +for B-PP B-PP +most B-NP B-NP +trading I-NP I-NP +-- O O +count B-VP B-VP +on B-PP B-PP +being B-VP B-VP +able B-ADJP B-ADJP +to B-VP B-VP +buy B-NP I-VP +and I-NP I-VP +sell I-NP I-VP +big B-NP B-NP +blocks I-NP I-NP +of B-PP B-PP +stock B-NP B-NP +at B-PP B-PP +an B-NP B-NP +eye-blink I-NP I-NP +. O O + +But O O +when B-ADVP B-ADVP +they B-NP B-NP +discover B-VP B-VP +that B-SBAR B-SBAR +markets B-NP B-NP +are B-VP B-VP +n't O O +always B-ADVP B-ADVP +as B-ADJP B-ADJP +liquid I-ADJP I-ADJP +as B-SBAR B-SBAR +they B-NP B-NP +supposed B-VP B-VP +-- O O +markets B-NP B-NP +jump B-VP B-VP +. O O + +On B-PP B-PP +Monday B-NP B-NP +, O O +for B-PP B-PP +instance B-NP B-NP +, O O +Howard B-NP B-NP +Ward I-NP I-NP +, O O +a B-NP B-NP +principal I-NP I-NP +at B-PP B-PP +Scudder B-NP B-NP +, I-NP I-NP +Stevens I-NP I-NP +& I-NP I-NP +Clark I-NP I-NP +, O O +found B-VP B-VP +that B-SBAR B-SBAR +`` O O +you B-NP B-NP +could B-VP B-VP +n't I-VP I-VP +buy I-VP I-VP +blue-chips B-NP B-NP +at B-PP B-PP +quoted B-NP B-NP +prices I-NP I-NP +without B-PP B-PP +paying B-VP B-VP +up B-PRT B-PRT +. O O +'' O O + +And O O +when B-ADVP B-ADVP +many B-NP B-NP +firms I-NP I-NP +had B-VP B-VP +to I-VP I-VP +`` O O +pay B-VP B-VP +up B-PRT B-PRT +, O O +'' O O +Monday B-NP B-NP +'s B-NP B-NP +sudden I-NP I-NP +rally I-NP I-NP +was B-VP B-VP +sparked I-VP I-VP +. O O + +Trading B-NP B-NP +in B-PP B-PP +futures B-NP B-NP +and I-NP I-NP +options I-NP I-NP +, O O +some B-NP B-NP +people I-NP I-NP +believe B-VP B-VP +, O O +can B-VP B-VP +add I-VP I-VP +to B-PP B-PP +volatility B-NP B-NP +. O O + +Investors B-NP B-NP +believe B-VP B-VP +they B-NP B-NP +can B-VP B-VP +can I-VP I-VP +rely I-VP I-VP +on B-PP B-PP +such B-NP B-NP +derivative I-NP I-NP +securities I-NP I-NP +to B-VP B-VP +get I-VP I-VP +in B-PP B-PP +and B-PP B-PP +out B-PP B-PP +of B-PP B-PP +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +without B-PP B-PP +actually B-ADVP B-ADVP +selling B-VP B-VP +any B-NP B-NP +stocks I-NP I-NP +; O O +that B-NP B-NP +is B-VP B-VP +, O O +a B-NP B-NP +way I-NP I-NP +of B-PP B-PP +staying B-VP B-VP +liquid B-ADJP B-ADJP +even B-ADVP B-ADVP +when B-ADVP B-ADVP +they B-NP B-NP +own B-VP B-VP +stocks B-NP B-NP +. O O + +These B-NP B-NP +and I-NP O +other I-NP B-NP +modern I-NP I-NP +trading I-NP I-NP +methods I-NP I-NP +`` O O +tend B-VP B-VP +to I-VP I-VP +promote I-VP I-VP +dramatic B-NP B-NP +shifts I-NP I-NP +in B-PP B-PP +assets B-NP B-NP +, O O +'' O O +says B-VP B-VP +George B-NP B-NP +Douglas I-NP I-NP +, O O +first B-NP B-NP +vice I-NP I-NP +president I-NP I-NP +at B-PP B-PP +Drexel B-NP B-NP +Burnham I-NP I-NP +Lambert I-NP I-NP +Inc I-NP I-NP +. O O + +`` O O +It B-NP B-NP +'s B-VP B-VP +the B-NP B-NP +idea I-NP I-NP +that B-SBAR B-SBAR +what B-NP B-NP +goes B-VP B-VP +in B-PP B-PP +easy B-ADVP B-ADJP +can B-VP B-VP +come I-VP I-VP +out B-PP B-ADVP +easy B-ADVP B-ADJP +'' O O +-- O O +so B-SBAR B-SBAR +that I-SBAR I-SBAR +bouts B-NP B-NP +of B-PP B-PP +higher B-NP B-NP +volatility I-NP I-NP +get B-VP B-VP +built I-VP I-VP +into B-PP B-PP +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +. O O + +One B-NP B-NP +new I-NP I-NP +investment I-NP I-NP +style I-NP I-NP +called B-VP B-VP +`` O O +asset B-NP B-NP +allocation I-NP I-NP +'' O O +shifts B-VP B-VP +portfolio B-NP B-NP +weightings I-NP I-NP +between B-PP B-PP +stocks B-NP B-NP +, O I-NP +bonds B-NP I-NP +and O I-NP +cash B-NP I-NP +when B-ADVP B-ADVP +computer B-NP B-NP +models I-NP I-NP +say B-VP B-VP +one B-NP B-NP +is B-VP B-VP +more B-ADJP B-ADJP +attractive I-ADJP I-ADJP +. O O + +For B-PP B-PP +instance B-NP B-NP +, O O +First B-NP B-NP +Quadrant I-NP I-NP +Corp. I-NP I-NP +, O O +an B-NP B-NP +asset I-NP I-NP +allocator I-NP I-NP +based B-VP B-VP +in B-PP B-PP +Morristown B-NP B-NP +, O O +N.J. B-NP B-NP +, O O +said B-VP B-VP +it B-NP B-NP +quickly B-VP B-VP +boosted I-VP I-VP +stock B-NP B-NP +positions I-NP I-NP +in B-PP B-PP +its B-NP B-NP +`` I-NP I-NP +aggressive I-NP I-NP +'' I-NP I-NP +accounts I-NP I-NP +to B-PP B-PP +75 B-NP B-NP +% I-NP I-NP +from B-PP B-PP +55 B-NP B-NP +% I-NP I-NP +to B-VP B-VP +take I-VP I-VP +advantage B-NP B-NP +of B-PP B-PP +plunging B-NP B-NP +prices I-NP I-NP +Friday B-NP B-NP +. O O + +It B-NP B-NP +added B-VP B-VP +another B-NP B-NP +5 I-NP I-NP +% I-NP I-NP +Monday B-NP B-NP +before B-SBAR B-SBAR +stocks B-NP B-NP +rallied B-VP B-VP +. O O + +When B-ADVP B-ADVP +they B-NP B-NP +did B-VP B-VP +, O O +the B-NP B-NP +firm I-NP I-NP +reduced B-VP B-VP +those B-NP B-NP +stock I-NP I-NP +holdings I-NP I-NP +to B-PP B-PP +about B-NP B-NP +70 I-NP I-NP +% I-NP I-NP +. O O + +A B-NP B-NP +classic I-NP I-NP +example I-NP I-NP +of B-PP B-PP +institutions B-NP B-NP +' B-NP B-NP +hunger I-NP I-NP +for B-PP B-PP +liquidity B-NP B-NP +is B-VP B-VP +portfolio B-NP B-NP +insurance I-NP I-NP +, O O +now B-ADVP B-ADVP +widely B-ADJP B-ADJP +discredited I-ADJP I-ADJP +. O O + +Before B-PP B-PP +the B-NP B-NP +1987 I-NP I-NP +crash I-NP I-NP +, O O +an B-NP B-NP +estimated I-NP I-NP +$ I-NP I-NP +60 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +institutional B-NP B-NP +money I-NP I-NP +was B-VP B-VP +managed I-VP I-VP +under B-PP B-PP +this B-NP B-NP +hedging I-NP I-NP +technique I-NP I-NP +. O O + +The B-NP B-NP +idea I-NP I-NP +was B-VP B-VP +to B-VP B-VP +`` O I-VP +insure B-VP I-VP +'' O O +the B-NP B-NP +value I-NP I-NP +of B-PP B-PP +a B-NP B-NP +portfolio I-NP I-NP +by B-PP B-PP +selling B-VP B-VP +futures B-NP B-NP +when B-ADVP B-ADVP +stock B-NP B-NP +prices I-NP I-NP +dropped B-VP B-VP +-- O O +eliminating B-VP B-VP +the B-NP B-NP +need I-NP I-NP +to B-VP B-VP +sell I-VP I-VP +the B-NP B-NP +stocks I-NP I-NP +themselves I-NP B-NP +. O O + +But O O +in B-PP B-PP +October B-NP B-NP +1987 I-NP I-NP +, O O +when B-ADVP B-ADVP +portfolio B-NP B-NP +insurers I-NP I-NP +rushed B-VP B-VP +to I-VP I-VP +sell I-VP I-VP +at B-PP B-PP +the B-NP B-NP +same I-NP I-NP +time I-NP I-NP +, O O +they B-NP B-NP +overwhelmed B-VP B-VP +both B-NP B-NP +the I-NP B-NP +stock I-NP I-NP +and I-NP I-NP +futures I-NP I-NP +markets I-NP I-NP +. O O + +Yet B-ADVP O +even B-ADVP B-NP +today I-ADVP I-NP +, O O +institutions B-NP B-NP +are B-VP B-VP +quietly I-VP I-VP +practicing I-VP I-VP +forms B-NP B-NP +of B-PP B-PP +portfolio B-NP B-NP +insurance I-NP I-NP +by B-PP B-PP +nervously B-VP B-VP +rushing I-VP I-VP +to B-ADVP I-VP +and I-ADVP I-VP +fro I-ADVP I-VP +in B-PP B-PP +the B-NP B-NP +markets I-NP I-NP +. O O + +Others B-NP B-NP +are B-VP B-VP +doing I-VP I-VP +`` O O +index B-NP B-NP +arbitrage I-NP I-NP +'' O O +a B-NP B-NP +strategy I-NP I-NP +of B-PP B-PP +taking B-VP B-VP +advantage B-NP B-NP +of B-PP B-PP +price B-NP B-NP +discrepancies I-NP I-NP +between B-PP B-PP +stocks B-NP B-NP +and O I-NP +futures B-NP I-NP +. O O + +Unlike B-PP B-PP +traditional B-NP B-NP +buy-and-hold I-NP I-NP +strategies I-NP I-NP +, O O +all B-NP B-NP +of B-PP B-PP +the B-NP B-NP +above I-NP I-NP +require B-VP B-VP +that B-SBAR B-SBAR +market B-NP B-NP +makers I-NP I-NP +be B-VP B-VP +on B-PP B-PP +hand B-NP B-NP +to B-VP B-VP +provide I-VP I-VP +liquidity B-NP B-NP +by B-PP B-PP +buying B-VP B-VP +and I-VP I-VP +selling I-VP I-VP +stocks B-NP B-NP +in B-PP B-PP +a B-NP B-NP +crunch I-NP I-NP +. O O + +But O O +institutions B-NP B-NP +say B-VP B-VP +Wall B-NP B-NP +Street I-NP I-NP +brokerage I-NP I-NP +firms I-NP I-NP +are B-VP B-VP +less B-ADJP B-ADJP +willing I-ADJP I-ADJP +to B-VP B-VP +make I-VP I-VP +markets B-NP B-NP +. O O + +Brokers B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +deny I-VP I-VP +that B-NP B-NP +. O O + +Wall B-NP B-NP +Street I-NP I-NP +traders I-NP I-NP +say B-VP B-VP +that B-SBAR B-SBAR +, O O +with B-SBAR B-SBAR +institutional B-NP B-NP +brokerage I-NP I-NP +commissions I-NP I-NP +far B-ADJP B-ADJP +lower I-ADJP I-ADJP +than B-PP B-PP +in B-PP B-PP +the B-NP B-NP +1970s I-NP I-NP +, O O +securities B-NP B-NP +firms I-NP I-NP +ca B-VP B-VP +n't I-VP I-VP +afford I-VP I-VP +to I-VP I-VP +take I-VP I-VP +the B-NP B-NP +risk I-NP I-NP +of B-PP B-PP +buying B-VP B-VP +too B-NP B-NP +much I-NP I-NP +stock I-NP I-NP +. O O + +`` O O +I B-NP B-NP +think B-VP B-VP +everyone B-NP B-NP +'s B-VP B-VP +a B-ADJP B-NP +little I-ADJP I-NP +more I-ADJP B-ADJP +leery I-ADJP I-ADJP +, O O +'' O O +says B-VP B-VP +Jack B-NP B-NP +Baker I-NP I-NP +, O O +head B-NP B-NP +of B-PP B-PP +equity B-NP B-NP +trading I-NP I-NP +at B-PP B-PP +Shearon B-NP B-NP +Lehman I-NP I-NP +Hutton I-NP I-NP +Inc I-NP I-NP +. O O + +`` O O +The B-NP B-NP +institutions I-NP I-NP +have B-VP B-VP +driven I-VP I-VP +-LRB- O O +commission O O +-RRB- O O +rates B-NP B-NP +down B-ADVP B-ADVP +to B-PP B-PP +the B-NP B-NP +point I-NP I-NP +where B-ADVP B-ADVP +it B-NP B-NP +makes B-VP B-VP +no B-NP B-NP +sense I-NP I-NP +to B-VP B-VP +commit I-VP I-VP +capital B-NP B-NP +, O O +'' O O +says B-VP B-VP +Tom B-NP B-NP +Gallagher I-NP I-NP +, O O +senior B-NP B-NP +executive I-NP I-NP +vice I-NP I-NP +president I-NP I-NP +in B-PP B-PP +charge B-NP B-NP +of B-PP B-PP +institutional B-NP B-NP +trading I-NP I-NP +at B-PP B-PP +Oppenheimer B-NP B-NP +& I-NP I-NP +Co I-NP I-NP +. O O + +`` O O +Why B-ADVP B-ADVP +should O O +I B-NP B-NP +risk B-VP B-VP +money B-NP B-NP +for B-PP B-PP +a B-NP B-NP +guy I-NP I-NP +for B-NP B-PP +who B-NP B-NP +'s B-VP B-VP +paying I-VP I-VP +me B-NP B-NP +five B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +dance I-NP I-NP +? O O + +All B-NP B-NP +you B-NP B-NP +get B-VP B-VP +is B-VP B-VP +risk B-NP B-NP +. O O +'' O O + +Lack B-NP B-NP +of B-PP B-PP +liquidity B-NP B-NP +can B-VP B-VP +also I-VP I-VP +result I-VP I-VP +from B-PP B-PP +exchange B-NP B-NP +`` I-NP I-NP +reforms I-NP I-NP +. O O +'' O O + +Many B-NP B-NP +traders I-NP I-NP +say B-VP B-VP +that B-SBAR B-SBAR +`` O O +circuit B-NP B-NP +breakers I-NP I-NP +'' O O +put B-VP B-VP +in B-PP B-PP +place B-NP B-NP +to B-VP B-VP +damp I-VP I-VP +volatility B-NP B-NP +after B-PP B-SBAR +the B-NP B-NP +1987 I-NP I-NP +crash I-NP I-NP +actually B-VP B-ADVP +added I-VP B-VP +to B-PP B-PP +volatility B-NP B-NP +when B-ADVP B-ADVP +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +plunged B-VP B-VP +Friday B-NP B-NP +. O O + +The B-NP B-NP +circuit I-NP I-NP +breakers I-NP I-NP +caused B-VP B-VP +a B-NP B-NP +30-minute I-NP I-NP +shutdown I-NP I-NP +in B-PP B-PP +trading B-NP B-NP +in B-PP B-PP +Standard B-NP B-NP +& I-NP I-NP +Poor I-NP I-NP +'s B-NP B-NP +500-stock I-NP I-NP +index I-NP I-NP +futures I-NP I-NP +contract I-NP I-NP +as B-SBAR B-SBAR +the B-NP B-NP +markets I-NP I-NP +were B-VP B-VP +falling I-VP I-VP +. O O + +`` O O +With B-PP B-PP +the B-NP B-NP +futures-trading I-NP I-NP +halt I-NP I-NP +, O O +you B-NP B-NP +could B-VP B-VP +only I-VP I-VP +sell I-VP I-VP +stocks B-NP B-NP +'' O O +to B-VP B-VP +cut I-VP I-VP +exposure B-NP B-NP +to B-PP B-PP +the B-NP B-NP +market I-NP I-NP +, O O +says B-VP B-VP +a B-NP B-NP +money I-NP I-NP +manager I-NP I-NP +. O O + +`` O O +It B-NP B-NP +was B-VP B-VP +scary B-ADJP B-ADJP +to B-PP B-PP +people B-NP B-NP +thinking B-VP B-VP +that B-SBAR B-SBAR +they B-NP B-NP +could B-VP B-VP +n't I-VP I-VP +get I-VP I-VP +their B-NP B-NP +trades I-NP I-NP +off B-PRT B-ADVP +. O O +'' O O + +`` O O +It B-NP B-NP +was B-VP B-VP +like B-SBAR B-SBAR +they B-NP B-NP +put B-VP B-VP +you B-NP B-NP +in B-PP B-PP +a B-NP B-NP +room I-NP I-NP +with B-PP B-PP +a B-NP B-NP +gorilla I-NP I-NP +and O O +told B-VP B-VP +you B-NP B-NP +there B-NP B-NP +were B-VP B-VP +three B-NP B-NP +doors I-NP I-NP +to B-VP B-VP +exit I-VP I-VP +, O O +'' O O +said B-VP B-VP +one B-NP B-NP +Chicago-based I-NP I-NP +futures I-NP I-NP +trader I-NP I-NP +. O O + +`` O O +Then B-ADVP O +they B-NP B-NP +said B-VP B-VP +, O O +` O O +By B-PP B-PP +the B-NP B-NP +way I-NP I-NP +, O O +two B-NP B-NP +of B-PP B-PP +the B-NP B-NP +doors I-NP I-NP +are B-VP B-VP +locked B-ADJP I-VP +. O O +' O O +'' O O + +The B-NP B-NP +takeover I-NP I-NP +mania I-NP I-NP +also B-ADVP B-ADVP +adds B-VP B-VP +to B-PP B-PP +volatility B-NP B-NP +. O O + +UAL B-NP B-NP +Corp. I-NP I-NP +is B-VP B-VP +a B-NP B-NP +good I-NP I-NP +example I-NP I-NP +. O O + +Valued B-VP B-VP +as B-PP B-PP +a B-NP B-NP +buy-out I-NP I-NP +target I-NP I-NP +, O O +the B-NP B-NP +airline I-NP I-NP +stock I-NP I-NP +was B-VP B-VP +trading I-VP I-VP +at B-PP B-PP +nearly B-NP B-NP +$ I-NP I-NP +280 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +When B-ADVP B-ADVP +the B-NP B-NP +deal I-NP I-NP +ran B-VP B-VP +into B-PP B-PP +trouble B-NP B-NP +, O O +the B-NP B-NP +stock I-NP I-NP +tumbled B-VP B-VP +; O O +it B-NP B-NP +closed B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +198 I-NP I-NP +yesterday B-NP B-NP +. O O + +Presumably B-ADVP B-ADVP +, O O +UAL B-NP B-NP +is B-VP B-VP +now I-VP I-VP +trading I-VP I-VP +closer B-ADVP B-ADVP +to B-PP B-PP +its B-NP B-NP +value I-NP I-NP +based B-VP B-PP +on B-PP B-PP +earnings B-NP B-NP +. O O + +By B-PP B-PP +contrast B-NP B-NP +, O O +traditional B-NP B-NP +buy-and-hold I-NP I-NP +investors I-NP I-NP +are B-VP B-VP +unlikely B-ADJP B-ADJP +to B-VP B-VP +generate I-VP I-VP +sudden B-NP B-NP +price I-NP I-NP +moves I-NP I-NP +. O O + +Scott B-NP B-NP +Black I-NP I-NP +, O O +a B-NP B-NP +value-oriented I-NP I-NP +money I-NP I-NP +manager I-NP I-NP +who B-NP B-NP +heads B-VP B-VP +Delphi B-NP B-NP +Management I-NP I-NP +Inc. I-NP I-NP +, O O +points B-VP B-VP +out B-PRT B-PRT +that B-SBAR B-SBAR +for B-PP B-PP +those B-NP B-NP +who B-NP B-NP +invest B-VP B-VP +on B-PP B-PP +fundamentals B-NP B-NP +, O O +`` O O +the B-NP B-NP +value I-NP I-NP +of B-PP B-PP +a B-NP B-NP +stock I-NP I-NP +from B-PP B-PP +day B-NP B-NP +to B-PP B-PP +day B-NP B-NP +does B-VP B-VP +n't I-VP I-VP +change I-VP I-VP +all B-ADVP B-NP +that I-ADVP I-NP +much I-ADVP I-NP +. O O +'' O O + +Some B-NP B-NP +experts I-NP I-NP +say B-VP B-VP +markets B-NP B-NP +are B-VP B-VP +n't O O +as B-ADJP B-ADJP +volatile I-ADJP I-ADJP +as B-SBAR B-SBAR +widely B-VP B-ADVP +assumed I-VP B-VP +. O O + +Hans B-NP B-NP +Stoll I-NP I-NP +, O O +finance B-NP B-NP +professor I-NP I-NP +at B-PP B-PP +Vanderbilt B-NP B-NP +University I-NP I-NP +, O O +says B-VP B-VP +the B-NP B-NP +current I-NP I-NP +volatility I-NP I-NP +in B-PP B-PP +U.S. B-NP B-NP +markets I-NP I-NP +pales B-VP B-VP +in B-PP B-PP +comparison B-NP B-NP +to B-PP B-PP +the B-NP B-NP +1930s I-NP I-NP +, O O +decades B-NP B-NP +before B-SBAR B-PP +derivative B-NP B-NP +instruments I-NP I-NP +such B-PP B-PP +as I-PP I-PP +options B-NP B-NP +and I-NP I-NP +futures I-NP I-NP +were B-VP B-VP +introduced I-VP I-VP +. O O + +`` O O +I B-NP B-NP +just B-ADVP B-ADVP +ca B-VP B-VP +n't I-VP I-VP +believe I-VP I-VP +that B-SBAR B-SBAR +the B-NP B-NP +innovations I-NP I-NP +in B-PP B-PP +the B-NP B-NP +financial I-NP I-NP +market I-NP I-NP +are B-VP B-VP +causing I-VP I-VP +any B-NP B-NP +of B-PP B-PP +this B-NP B-NP +volatility I-NP I-NP +, O O +'' O O +he B-NP B-NP +says B-VP B-VP +. O O + +And O O +Robert B-NP B-NP +D. I-NP I-NP +Arnott I-NP I-NP +, O O +president B-NP B-NP +of B-PP B-PP +asset B-NP B-NP +allocator I-NP I-NP +First I-NP I-NP +Quadrant I-NP I-NP +, O O +notes B-VP B-VP +that B-SBAR B-SBAR +before B-PP B-PP +Friday B-NP B-NP +'s B-NP B-NP +tailspin I-NP I-NP +, O O +daily B-NP B-NP +volatility I-NP I-NP +on B-PP B-PP +the B-NP B-NP +New I-NP I-NP +York I-NP I-NP +Stock I-NP I-NP +Exchange I-NP I-NP +in B-PP B-PP +recent B-NP B-NP +weeks I-NP I-NP +had B-VP B-VP +reached I-VP I-VP +`` O O +historically B-NP B-NP +low I-NP I-NP +levels I-NP I-NP +. O O +'' O O + +Some B-NP B-NP +people I-NP I-NP +tend B-VP B-VP +to I-VP I-VP +ignore I-VP I-VP +that B-SBAR B-SBAR +a B-NP B-NP +50-point I-NP I-NP +move I-NP I-NP +is B-VP B-VP +less B-ADJP B-ADVP +in B-PP B-PP +percentage B-NP B-NP +terms I-NP I-NP +than B-SBAR B-SBAR +it B-NP B-NP +was B-VP B-VP +when B-ADVP B-ADVP +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +was B-VP B-VP +lower B-ADJP B-ADJP +. O O + +John B-NP B-NP +J. I-NP I-NP +Phelan I-NP I-NP +Jr. I-NP I-NP +, O O +chairman B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Big I-NP I-NP +Board I-NP I-NP +, O O +asserts B-VP B-VP +that B-SBAR B-SBAR +`` O O +1988 B-NP B-NP +and I-NP I-NP +1989 I-NP I-NP +have B-VP B-VP +been I-VP I-VP +two B-NP B-NP +of B-PP B-PP +the B-NP B-NP +least I-NP I-NP +volatile I-NP I-NP +years I-NP I-NP +in B-PP B-PP +the B-NP B-NP +last I-NP I-NP +30 I-NP I-NP +or I-NP I-NP +40 I-NP I-NP +years I-NP I-NP +. O O +'' O O + +But O O +the B-NP B-NP +low I-NP I-NP +average I-NP I-NP +volatility I-NP I-NP +Mr. B-NP B-NP +Phelan I-NP I-NP +is B-VP B-VP +talking I-VP I-VP +about B-PP B-PP +is B-VP B-VP +n't O O +any B-NP B-NP +comfort I-NP I-NP +in B-PP B-PP +a B-NP B-NP +period I-NP I-NP +of B-PP B-PP +rapid B-NP B-NP +stock-market I-NP I-NP +moves I-NP I-NP +like B-PP B-PP +the B-NP B-NP +past I-NP I-NP +week I-NP I-NP +. O O + +In B-PP B-PP +addition B-NP B-NP +, O O +Sanford B-NP B-NP +Grossman I-NP I-NP +, O O +a B-NP B-NP +Wharton I-NP I-NP +School I-NP I-NP +finance I-NP I-NP +professor I-NP I-NP +, O O +says B-VP B-VP +volatile B-NP B-NP +jumps I-NP I-NP +in B-PP B-PP +stock B-NP B-NP +prices I-NP I-NP +will B-VP B-VP +continue I-VP I-VP +as B-ADVP B-ADVP +long I-ADVP I-ADVP +as B-SBAR B-SBAR +liquidity B-NP B-NP +falls B-VP B-VP +short B-ADJP B-ADVP +of B-PP B-PP +the B-NP B-NP +voracious I-NP I-NP +demands I-NP I-NP +of B-PP B-PP +institutions B-NP B-NP +`` O O +who B-NP B-NP +can B-VP B-VP +go I-VP I-VP +out B-ADVP B-ADVP +and O O +say B-VP B-VP +` O O +I B-NP B-NP +have B-VP B-VP +a B-NP B-NP +billion I-NP I-NP +dollars I-NP I-NP +of B-PP B-PP +stocks B-NP B-NP +to B-VP B-VP +sell I-VP I-VP +. O O +' O O +'' O O + +Some B-NP B-NP +people I-NP I-NP +think B-VP B-VP +the B-NP B-NP +search I-NP I-NP +for B-PP B-PP +liquidity B-NP B-NP +is B-VP B-VP +fruitless B-ADJP B-ADJP +. O O + +In B-PP B-PP +1936 B-NP B-NP +, O O +John B-NP B-NP +Maynard I-NP I-NP +Keynes I-NP I-NP +wrote B-VP B-VP +that B-SBAR B-SBAR +`` O O +of B-PP B-PP +the B-NP B-NP +maxims I-NP I-NP +of B-PP B-PP +orthodox B-NP B-NP +finance I-NP I-NP +none B-NP B-ADVP +, O O +surely B-ADVP B-ADVP +, O O +is B-VP B-VP +more B-ADJP B-ADJP +antisocial I-ADJP I-ADJP +than B-PP B-PP +the B-NP B-NP +fetish I-NP I-NP +of B-PP B-PP +liquidity B-NP B-NP +. O O +'' O O + +It B-NP B-NP +leads B-VP B-VP +investors B-NP B-NP +to B-VP B-VP +focus I-VP I-VP +on B-PP B-PP +short-term B-NP B-NP +price I-NP I-NP +movements I-NP I-NP +-- O O +`` O O +a B-NP B-NP +game I-NP I-NP +of B-PP B-PP +musical B-NP B-NP +chairs I-NP I-NP +, O O +'' O O +he B-NP B-NP +called B-VP B-VP +it B-NP B-NP +-- O O +rather B-CONJP B-PP +than I-CONJP I-PP +on B-PP B-PP +long-term B-NP B-NP +fundamental I-NP I-NP +valuation I-NP I-NP +. O O + +James B-NP B-NP +A. I-NP I-NP +White I-NP I-NP +contributed B-VP B-VP +to B-PP B-PP +this B-NP B-NP +article I-NP I-NP +. O O + +The B-NP B-NP +National I-NP I-NP +Aeronautics I-NP I-NP +and I-NP I-NP +Space I-NP I-NP +Administration I-NP I-NP +said B-VP B-VP +a B-NP B-NP +computer I-NP I-NP +virus I-NP I-NP +has B-VP B-VP +infected I-VP I-VP +one B-NP B-NP +of B-PP B-PP +its B-NP B-NP +networks I-NP I-NP +and O O +is B-VP B-VP +spreading I-VP I-VP +anti-nuclear B-NP B-NP +messages I-NP I-NP +related B-VP B-ADJP +to B-PP B-PP +its B-NP B-NP +Galileo I-NP I-NP +space I-NP I-NP +probe I-NP I-NP +, O O +which B-NP B-NP +is B-VP B-VP +to I-VP I-VP +be I-VP I-VP +launched I-VP I-VP +today B-NP B-NP +. O O + +Charles B-NP B-NP +Redmond I-NP I-NP +, O O +a B-NP B-NP +NASA I-NP I-NP +spokesman I-NP I-NP +, O O +said B-VP B-VP +the B-NP B-NP +agency I-NP I-NP +discovered B-VP B-VP +the B-NP B-NP +virus I-NP I-NP +on B-PP B-PP +Monday B-NP B-NP +on B-PP B-PP +the B-NP B-NP +collection I-NP I-NP +of B-PP B-PP +computer B-NP B-NP +networks I-NP I-NP +collectively B-VP B-VP +called I-VP I-VP +Internet B-NP B-NP +and O O +expected B-VP B-VP +100 B-NP B-NP +university I-NP I-NP +centers I-NP I-NP +to B-VP B-VP +be I-VP I-VP +infected I-VP I-VP +by B-PP B-PP +today B-NP B-NP +. O O + +Although B-SBAR B-SBAR +the B-NP B-NP +network I-NP I-NP +is B-VP B-VP +n't I-VP I-VP +connected I-VP I-VP +to B-PP B-PP +the B-NP B-NP +computer I-NP I-NP +systems I-NP I-NP +that B-NP B-NP +operate B-VP B-VP +either B-NP B-NP +Galileo B-NP I-NP +or O O +the B-NP B-NP +shuttle I-NP I-NP +, O O +part B-NP B-NP +of B-PP B-PP +the B-NP B-NP +network I-NP I-NP +will B-VP B-VP +carry I-VP I-VP +analyses B-NP B-NP +of B-PP B-PP +Galileo B-NP B-NP +data I-NP I-NP +once B-SBAR B-SBAR +the B-NP B-NP +craft I-NP I-NP +gets B-VP B-VP +spaceborn B-ADJP B-ADJP +. O O + +Mr. B-NP B-NP +Redmond I-NP I-NP +said B-VP B-VP +the B-NP B-NP +intruder I-NP I-NP +had B-VP B-VP +n't I-VP I-VP +yet I-VP I-VP +done I-VP I-VP +any B-NP B-NP +harm I-NP I-NP +but O O +the B-NP B-NP +agency I-NP I-NP +feared B-VP B-VP +`` O O +garbage B-NP B-NP +data I-NP I-NP +could B-VP B-VP +be I-VP I-VP +substituted I-VP I-VP +for B-PP B-PP +real B-NP B-NP +data I-NP I-NP +. O O +'' O O + +He B-NP B-NP +estimated B-VP B-VP +it B-NP B-NP +could B-VP B-VP +take I-VP I-VP +a B-NP B-NP +day I-NP I-NP +for B-SBAR B-SBAR +a B-NP B-NP +computer I-NP I-NP +security I-NP I-NP +manager I-NP I-NP +to B-VP B-VP +expunge I-VP I-VP +the B-NP B-NP +virus I-NP I-NP +from B-PP B-PP +a B-NP B-NP +computer I-NP I-NP +system I-NP I-NP +. O O + +The B-NP B-NP +intruder I-NP I-NP +, O O +among B-PP B-PP +the B-NP B-NP +broadest I-NP I-NP +yet I-NP B-VP +to B-VP I-VP +hit I-VP I-VP +a B-NP B-NP +research I-NP I-NP +network I-NP I-NP +, O O +appeared B-VP B-VP +to I-VP I-VP +affect I-VP I-VP +only B-NP B-NP +Digital I-NP I-NP +Equipment I-NP I-NP +Corp. I-NP I-NP +hardware I-NP I-NP +that B-NP B-NP +uses B-VP B-VP +Digital B-NP B-NP +'s B-NP B-NP +VAX\/VMS I-NP I-NP +operating I-NP I-NP +system I-NP I-NP +. O O + +It B-NP B-NP +is B-VP B-VP +unrelated B-ADJP B-ADJP +to B-PP B-PP +the B-NP B-NP +much-publicized I-NP I-NP +virus I-NP I-NP +that B-NP B-NP +last B-NP B-NP +year I-NP I-NP +infected B-VP B-VP +Arpanet B-NP B-NP +, O O +a B-NP B-NP +much I-NP I-NP +larger I-NP I-NP +network I-NP I-NP +used B-VP B-VP +by B-PP B-PP +researchers B-NP B-NP +at B-PP B-PP +universities B-NP B-NP +, O O +laboratories B-NP B-NP +and O O +government B-NP B-NP +agencies I-NP I-NP +around B-PP B-PP +the B-NP B-NP +world I-NP I-NP +. O O + +In B-PP B-PP +the B-NP B-NP +lingo I-NP I-NP +of B-PP B-PP +computer B-NP B-NP +security I-NP I-NP +, O O +the B-NP B-NP +NASA I-NP I-NP +intruder I-NP I-NP +is B-VP B-VP +technically B-ADVP B-ADVP +a B-NP B-NP +computer I-NP I-NP +worm I-NP I-NP +, O O +Mr. B-NP B-NP +Redmond I-NP I-NP +said B-VP B-VP +. O O + +A B-NP B-NP +worm I-NP I-NP +resides B-VP B-VP +in B-PP B-PP +the B-NP B-NP +operating I-NP I-NP +system I-NP I-NP +of B-PP B-PP +a B-NP B-NP +computer I-NP I-NP +and O O +spreads B-VP B-VP +by B-PP B-PP +boring B-VP B-VP +into B-PP B-PP +other B-NP B-NP +computers I-NP I-NP +contacted B-VP B-VP +through B-PP B-PP +networks B-NP B-NP +. O O + +The B-NP B-NP +Galileo I-NP I-NP +worm I-NP I-NP +apparently B-ADVP B-ADVP +was B-VP B-VP +hatched I-VP I-VP +on B-PP B-PP +a B-NP B-NP +computer I-NP I-NP +in B-PP B-PP +France B-NP B-NP +hooked B-VP B-VP +up B-PRT B-PRT +to B-PP B-PP +NASA B-NP B-NP +'s B-NP B-NP +Space I-NP I-NP +Physics I-NP I-NP +Analysis I-NP I-NP +Network I-NP I-NP +, O O +Mr. B-NP B-NP +Redmond I-NP I-NP +said B-VP B-VP +. O O + +NASA B-NP B-NP +said B-VP B-VP +the B-NP B-NP +Galileo I-NP I-NP +worm I-NP I-NP +had B-VP B-VP +n't I-VP I-VP +affected I-VP I-VP +its B-NP B-NP +computers I-NP I-NP +or O O +the B-NP B-NP +computers I-NP I-NP +of B-PP B-PP +other B-NP B-NP +government I-NP I-NP +agencies I-NP I-NP +because B-SBAR B-SBAR +they B-NP B-NP +had B-VP B-VP +modified I-VP I-VP +their B-NP B-NP +systems I-NP I-NP +to B-VP B-VP +reject I-VP I-VP +worms B-NP B-NP +. O O + +But O O +Mr. B-NP B-NP +Redmond I-NP I-NP +said B-VP B-VP +the B-NP B-NP +worm I-NP I-NP +hit B-VP B-VP +universities B-NP B-NP +that B-NP B-NP +had B-VP B-VP +n't I-VP I-VP +elected I-VP I-VP +to I-VP B-VP +make I-VP I-VP +the B-NP B-NP +changes I-NP I-NP +. O O + +Michael B-NP B-NP +Alexander I-NP I-NP +, O O +a B-NP B-NP +senior I-NP I-NP +editor I-NP I-NP +at B-PP B-PP +Computerworld B-NP B-NP +, O O +a B-NP B-NP +trade I-NP I-NP +publication I-NP I-NP +, O O +said B-VP B-VP +he B-NP B-NP +was B-VP B-VP +told I-VP I-VP +that B-SBAR B-SBAR +the B-NP B-NP +worm I-NP I-NP +gets B-VP B-VP +into B-PP B-PP +a B-NP B-NP +computer I-NP I-NP +center I-NP I-NP +by B-PP B-PP +looking B-VP B-VP +for B-PP B-PP +obvious B-NP B-NP +passwords I-NP I-NP +-- O O +such B-PP B-PP +as I-PP I-PP +ones B-NP B-NP +that B-NP B-NP +are B-VP B-VP +the B-NP B-NP +same I-NP I-NP +as B-PP B-PP +the B-NP B-NP +user I-NP I-NP +'s B-NP B-NP +name I-NP I-NP +. O O + +If B-SBAR B-SBAR +it B-NP B-NP +finds B-VP B-VP +one B-NP B-NP +and O O +gets B-VP B-VP +into B-PP B-PP +the B-NP B-NP +system I-NP I-NP +, O O +it B-NP B-NP +will B-VP B-VP +display I-VP I-VP +a B-NP B-NP +screen I-NP I-NP +when B-ADVP B-ADVP +a B-NP B-NP +user I-NP I-NP +logs B-VP B-VP +on B-PRT B-PP +that B-NP B-NP +says B-VP B-VP +, O O +`` O O +Worms B-NP B-NP +Against O B-PP +Nuclear B-NP B-NP +Killers I-NP I-NP +... O O +. O O + +You B-NP B-NP +talk B-VP B-VP +of B-PP B-PP +times B-NP B-NP +of B-PP B-PP +peace B-NP B-NP +for B-PP B-PP +all B-NP B-NP +, O O +and O O +then B-ADVP O +prepare B-VP B-VP +for B-PP B-PP +war B-NP B-NP +. O O +'' O O + +In B-PP B-PP +addition B-NP B-NP +, O O +Mr. B-NP B-NP +Alexander I-NP I-NP +said B-VP B-VP +, O O +the B-NP B-NP +worm I-NP I-NP +sends B-VP B-VP +strange B-NP B-NP +messages I-NP I-NP +to B-PP B-PP +other B-NP B-NP +machines I-NP I-NP +at B-PP B-PP +the B-NP B-NP +center I-NP I-NP +-- O O +such B-PP B-PP +as I-PP I-PP +, O O +`` O O +George B-NP B-NP +Orwell I-NP I-NP +was B-VP B-VP +an B-NP B-NP +optimist I-NP I-NP +, O O +'' O O +or O O +`` O O +Do B-VP B-VP +n't I-VP I-VP +feed I-VP I-VP +the B-NP B-NP +bats I-NP I-NP +tonight B-NP B-NP +. O O +'' O O + +The B-NP B-NP +worm I-NP I-NP +also B-ADVP B-ADVP +looks B-VP B-VP +for B-PP B-PP +elementary B-NP B-NP +passwords I-NP I-NP +that B-NP B-NP +confer B-VP B-VP +more B-NP B-NP +privileges I-NP I-NP +on B-PP B-PP +the B-NP B-NP +user I-NP I-NP +. O O + +The B-NP B-NP +passwords I-NP I-NP +are B-VP B-VP +included I-VP I-VP +in B-PP B-PP +the B-NP B-NP +system I-NP I-NP +software I-NP I-NP +when B-ADVP B-ADVP +it B-NP B-NP +is B-VP B-VP +installed I-VP I-VP +but O O +are B-VP B-VP +supposed I-VP I-VP +to I-VP I-VP +be I-VP I-VP +replaced I-VP I-VP +as B-ADVP B-ADVP +soon I-ADVP I-ADVP +as B-SBAR B-SBAR +the B-NP B-NP +system I-NP I-NP +is B-VP B-VP +up B-ADJP B-ADJP +and O O +running B-VP B-VP +. O O + +If B-SBAR B-SBAR +it B-NP B-NP +finds B-VP B-VP +one B-NP B-NP +of B-PP B-PP +those B-NP B-NP +passwords I-NP I-NP +, O O +Mr. B-NP B-NP +Alexander I-NP I-NP +said B-VP B-VP +, O O +the B-NP B-NP +worm I-NP I-NP +will B-VP B-VP +do I-VP I-VP +such B-NP B-NP +things I-NP I-NP +as B-PP B-PP +change B-VP B-NP +users B-NP I-NP +' B-NP B-NP +passwords I-NP I-NP +to B-PP B-PP +a B-NP B-NP +series I-NP I-NP +of B-PP B-PP +random B-NP B-NP +numbers I-NP I-NP +, O O +preventing B-VP B-VP +them B-NP B-NP +from B-PP B-PP +signing B-VP B-VP +on B-PRT B-PRT +to B-PP B-PP +the B-NP B-NP +network I-NP I-NP +. O O + +NASA B-NP B-NP +estimated B-VP B-VP +that B-SBAR B-SBAR +, O O +on B-PP B-PP +Monday B-NP B-NP +, O O +about B-NP B-NP +four I-NP I-NP +computer I-NP I-NP +centers I-NP I-NP +were B-VP B-VP +affected I-VP I-VP +. O O + +Yesterday B-NP B-NP +, O O +the B-NP B-NP +number I-NP I-NP +grew B-VP B-VP +to B-PP B-PP +40 B-NP B-NP +; O O +today B-NP B-NP +the B-NP B-NP +number I-NP I-NP +is B-VP B-VP +expected I-VP I-VP +to I-VP I-VP +grow I-VP I-VP +to B-PP B-PP +100 B-NP B-NP +. O O + +NASA B-NP B-NP +said B-VP B-VP +it B-NP B-NP +will B-VP B-VP +take I-VP I-VP +about B-NP B-NP +a I-NP I-NP +week I-NP I-NP +before B-SBAR B-SBAR +it B-NP B-NP +knows B-VP B-VP +exactly B-NP B-NP +how I-NP I-NP +many I-NP I-NP +centers I-NP I-NP +of B-PP B-PP +the B-NP B-NP +6,000 I-NP I-NP +connected B-VP B-VP +to B-PP B-PP +Internet B-NP B-NP +were B-VP B-VP +affected I-VP I-VP +and O O +the B-NP B-NP +extent I-NP I-NP +of B-PP B-PP +the B-NP B-NP +damage I-NP I-NP +, O O +if B-SBAR B-SBAR +any B-NP B-NP +. O O + +Anti-nuclear B-NP B-NP +activists I-NP I-NP +have B-VP B-VP +protested I-VP I-VP +the B-NP B-NP +launch I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Galileo I-NP I-NP +space I-NP I-NP +probe I-NP I-NP +to B-PP B-PP +Jupiter B-NP B-NP +because B-SBAR B-SBAR +it B-NP B-NP +uses B-VP B-VP +plutonium B-NP B-NP +to B-VP B-VP +generate I-VP I-VP +the B-NP B-NP +electricity I-NP I-NP +needed B-VP B-VP +to I-VP B-VP +run I-VP I-VP +the B-NP B-NP +craft I-NP I-NP +. O O + +Activists B-NP B-NP +fear B-VP B-VP +that B-SBAR B-SBAR +if B-SBAR B-SBAR +the B-NP B-NP +shuttle I-NP I-NP +carrying B-VP B-VP +Galileo B-NP B-NP +into B-PP B-PP +orbit B-NP B-NP +should B-VP B-VP +explode I-VP I-VP +, O O +or O O +if B-SBAR B-SBAR +Galileo B-NP B-NP +itself I-NP B-NP +crashes B-VP B-VP +into B-PP B-PP +the B-NP B-NP +Earth I-NP I-NP +during B-PP B-PP +the B-NP B-NP +two I-NP I-NP +times I-NP I-NP +it B-NP B-NP +flies B-VP B-VP +close B-ADVP B-ADVP +to B-PP B-PP +the B-NP B-NP +planet I-NP I-NP +, O O +fatal B-NP B-NP +levels I-NP I-NP +of B-PP B-PP +plutonium B-NP B-NP +would B-VP B-VP +be I-VP I-VP +released I-VP I-VP +into B-PP B-PP +the B-NP B-NP +atmosphere I-NP I-NP +. O O + +So B-ADVP B-ADVP +far I-ADVP I-ADVP +Galileo B-NP B-NP +has B-VP B-VP +been I-VP I-VP +delayed I-VP I-VP +twice B-ADVP B-ADVP +, O O +once B-ADVP B-ADVP +because B-PP B-PP +of I-PP I-PP +a B-NP B-NP +computer I-NP I-NP +malfunction I-NP I-NP +connected B-VP B-VP +with B-PP B-PP +a B-NP B-NP +space-shuttle I-NP I-NP +engine I-NP I-NP +, O O +and O O +yesterday B-NP B-NP +because B-PP B-PP +of I-PP I-PP +the B-NP B-NP +weather I-NP I-NP +. O O + +NASA B-NP B-NP +said B-VP B-VP +the B-NP B-NP +Galileo I-NP I-NP +worm I-NP I-NP +had B-VP B-VP +nothing B-NP B-NP +to B-VP B-VP +do I-VP I-VP +with B-PP B-PP +either B-NP B-NP +delay I-NP I-NP +. O O + +Mr. B-NP B-NP +Alexander I-NP I-NP +of B-PP B-PP +Computerworld B-NP B-NP +said B-VP B-VP +hackers B-NP B-NP +have B-VP B-VP +gone I-VP I-VP +after B-PP B-PP +SPAN B-NP B-NP +before B-ADVP B-ADVP +. O O + +He B-NP B-NP +said B-VP B-VP +the B-NP B-NP +Chaos I-NP I-NP +Computer I-NP I-NP +Club I-NP I-NP +, O O +of B-PP B-PP +West B-NP B-NP +Germany I-NP I-NP +, O O +once B-ADVP B-ADVP +managed B-VP B-VP +to I-VP I-VP +invade I-VP I-VP +SPAN B-NP B-NP +and O O +do B-VP B-VP +such B-NP B-NP +things I-NP I-NP +as B-PP B-PP +change B-VP B-VP +the B-NP B-NP +value I-NP I-NP +of B-PP B-PP +pi B-NP B-NP +, O O +messing B-VP B-VP +up B-PRT B-PRT +some B-NP B-NP +calculations I-NP I-NP +. O O + +It B-NP B-NP +is B-VP B-VP +now B-ADVP B-ADVP +a B-NP B-NP +commonplace I-NP I-NP +that B-SBAR B-SBAR +prosecutors B-NP B-NP +are B-VP B-VP +bringing I-VP I-VP +criminal B-NP B-NP +indictments I-NP I-NP +in B-PP B-PP +cases B-NP B-NP +where B-ADVP B-ADVP +until B-PP B-SBAR +a B-NP B-NP +few I-NP I-NP +years I-NP I-NP +ago I-NP B-ADVP +only B-NP B-NP +a I-NP I-NP +civil I-NP I-NP +action I-NP I-NP +at B-ADVP B-PP +most I-ADVP B-NP +would B-VP B-VP +have I-VP I-VP +been I-VP I-VP +brought I-VP I-VP +. O O + +Yet O O +it B-NP B-NP +is B-VP B-VP +also B-ADVP B-ADVP +axiomatic B-ADJP B-ADJP +that B-SBAR B-SBAR +the B-NP B-NP +power I-NP I-NP +to B-VP B-VP +create I-VP I-VP +new B-NP B-NP +crimes I-NP I-NP +belongs B-VP B-VP +only B-ADVP B-ADVP +to B-PP B-PP +the B-NP B-NP +legislature I-NP I-NP +, B-PP O +and I-PP O +not I-PP O +to B-PP B-PP +courts B-NP B-NP +. O O + +Beginning B-PP B-PP +in B-PP B-PP +the B-NP B-NP +early I-NP I-NP +19th I-NP I-NP +century I-NP I-NP +, O O +with B-PP B-PP +U.S. B-NP B-NP +v. B-PP I-NP +Hudson B-NP I-NP +and I-NP I-NP +Goodwin I-NP I-NP +, O O +the B-NP B-NP +Supreme I-NP I-NP +Court I-NP I-NP +has B-VP B-VP +repeatedly I-VP I-VP +held I-VP I-VP +that B-SBAR B-SBAR +a B-NP B-NP +judicial I-NP I-NP +power I-NP I-NP +to B-VP B-VP +declare I-VP I-VP +conduct B-NP B-NP +to B-VP B-VP +be I-VP I-VP +against B-PP B-PP +the B-NP B-NP +public I-NP I-NP +interest I-NP I-NP +and O O +hence B-ADVP B-ADVP +criminal B-ADJP B-NP +, O O +while B-SBAR B-SBAR +well B-ADJP B-VP +established I-ADJP I-VP +in B-PP B-PP +British B-NP B-NP +law I-NP I-NP +, O O +would B-VP B-VP +usurp I-VP I-VP +legislative B-NP B-NP +authority I-NP I-NP +under B-PP B-PP +the B-NP B-NP +doctrine I-NP I-NP +of B-PP B-PP +separation B-NP B-NP +of B-PP B-PP +powers B-NP B-NP +. O O + +That B-NP B-NP +'s B-VP B-VP +the B-NP B-NP +conventional I-NP I-NP +theory I-NP I-NP +anyway B-ADVP B-ADVP +. O O + +In B-PP B-PP +practice B-NP B-NP +, O O +however B-ADVP B-ADVP +, O O +the B-NP B-NP +line I-NP I-NP +between B-PP B-PP +interpretation B-NP B-NP +and I-NP I-NP +redefinition I-NP I-NP +of B-PP B-PP +the B-NP B-NP +criminal I-NP I-NP +law I-NP I-NP +long B-ADVP B-ADVP +ago I-ADVP I-ADVP +began B-VP B-VP +to I-VP I-VP +blur I-VP I-VP +. O O + +In B-PP B-PP +particular B-NP B-NP +, O O +a B-NP B-NP +common I-NP I-NP +law I-NP I-NP +of B-PP B-PP +white-collar B-NP B-NP +crime I-NP I-NP +has B-VP B-VP +developed I-VP I-VP +with B-PP B-PP +surprising B-NP B-NP +rapidity I-NP I-NP +over B-PP B-PP +the B-NP B-NP +past I-NP I-NP +decade I-NP I-NP +. O O + +For B-PP B-PP +example B-NP B-NP +, O O +although B-SBAR B-SBAR +insider B-NP B-NP +trading I-NP I-NP +has B-VP B-VP +long I-VP I-VP +been I-VP I-VP +criminal B-ADJP B-ADJP +, O O +it B-NP B-NP +has B-VP B-VP +never I-VP I-VP +been I-VP I-VP +statutorily I-VP I-VP +defined I-VP I-VP +. O O + +In B-PP B-PP +1983 B-NP B-NP +, O O +the B-NP B-NP +Supreme I-NP I-NP +Court I-NP I-NP +tried B-VP B-VP +to I-VP I-VP +supply I-VP I-VP +a B-NP B-NP +workable I-NP I-NP +definition I-NP I-NP +in B-PP B-PP +the O B-NP +Dirks O I-NP +v. B-PP I-NP +SEC B-NP I-NP +decision B-NP I-NP +, O O +which B-NP B-NP +found B-VP B-VP +that O B-SBAR +liability B-NP B-NP +depended B-VP B-VP +on B-PP B-PP +whether B-SBAR B-SBAR +the B-NP B-NP +tipper I-NP I-NP +had B-VP B-VP +breached I-VP I-VP +his B-NP B-NP +fiduciary I-NP I-NP +duty I-NP I-NP +to B-PP B-PP +the B-NP B-NP +corporation I-NP I-NP +in B-SBAR B-SBAR +order O O +to B-VP B-VP +obtain I-VP I-VP +`` O O +some B-NP B-NP +personal I-NP I-NP +gain I-NP I-NP +'' O O +and O O +whether B-SBAR B-SBAR +the B-NP B-NP +tippee I-NP I-NP +knew B-VP B-VP +or O I-VP +recklessly B-VP I-VP +disregarded I-VP I-VP +this B-NP B-NP +fact I-NP I-NP +. O O + +Gradually B-ADVP B-ADVP +, O O +however B-ADVP B-ADVP +, O O +lower B-NP B-NP +courts I-NP I-NP +and O O +prosecutors B-NP B-NP +have B-VP B-VP +pushed I-VP I-VP +this B-NP B-NP +definition I-NP I-NP +to B-PP B-PP +its B-NP B-NP +breaking I-NP I-NP +point I-NP I-NP +. O O + +Consider B-VP B-VP +the B-NP B-NP +facts I-NP I-NP +underlying B-VP B-VP +the B-NP B-NP +1989 I-NP I-NP +conviction I-NP I-NP +of B-PP B-PP +Robert B-NP B-NP +Chestman I-NP I-NP +. O O + +Prior B-PP B-ADVP +to B-PP B-PP +a B-NP B-NP +tender I-NP I-NP +offer I-NP I-NP +by B-PP B-PP +A&P B-NP B-NP +for B-PP B-PP +Waldbaum B-NP B-NP +Inc. I-NP I-NP +in B-PP B-PP +1986 B-NP B-NP +, O O +the B-NP B-NP +founder I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Waldbaum I-NP I-NP +'s B-NP B-NP +supermarket I-NP I-NP +chain I-NP I-NP +called B-VP B-VP +an B-NP B-NP +elderly I-NP I-NP +relative I-NP I-NP +to B-VP B-VP +tell I-VP I-VP +her B-NP B-NP +to B-VP B-VP +assemble I-VP I-VP +her B-NP B-NP +stock I-NP I-NP +certificates I-NP I-NP +for B-PP B-PP +delivery B-NP B-NP +. O O + +She B-NP B-NP +called B-VP B-VP +her B-NP B-NP +daughter I-NP I-NP +to B-VP B-VP +take I-VP I-VP +her B-NP B-NP +to B-PP B-PP +the B-NP B-NP +bank I-NP I-NP +, O O +who B-NP B-NP +, O O +in B-PP B-PP +turn B-NP B-NP +, O O +persuaded B-VP B-VP +her B-NP B-NP +husband I-NP I-NP +, O O +a B-NP B-NP +Mr. I-NP I-NP +Loeb I-NP I-NP +, O O +to B-VP B-VP +run I-VP I-VP +this B-NP B-NP +errand I-NP I-NP +. O O + +Hearing B-VP B-NP +of B-PP B-PP +this B-NP B-NP +information I-NP I-NP +, O O +the B-NP B-NP +husband I-NP I-NP +discussed B-VP B-VP +it B-NP B-NP +with B-PP B-PP +his B-NP B-NP +broker I-NP I-NP +, O O +Mr. B-NP B-NP +Chestman I-NP I-NP +, O O +and O O +Mr. B-NP B-NP +Chestman I-NP I-NP +then B-ADVP B-ADVP +bought B-VP B-VP +for B-PP B-PP +his B-NP B-NP +own I-NP I-NP +account I-NP I-NP +and O O +other B-NP B-NP +clients I-NP I-NP +. O O + +Basically B-ADVP B-ADVP +, O O +Mr. B-NP B-NP +Chestman I-NP I-NP +was B-VP B-VP +a B-NP B-NP +fourth-level I-NP I-NP +tippee I-NP I-NP +. O O + +Did O O +Mr. B-NP B-NP +Loeb I-NP I-NP +, O O +his B-NP B-NP +tipper I-NP I-NP +, O O +breach B-VP B-VP +a B-NP B-NP +fiduciary I-NP I-NP +duty I-NP I-NP +-LRB- O O +and O O +, O O +if B-SBAR B-SBAR +so B-ADVP B-ADVP +, O O +to B-PP B-PP +whom B-NP B-NP +-RRB- O O +? O O + +Did O O +Mr. B-NP B-NP +Loeb I-NP I-NP +seek B-VP B-VP +personal B-NP B-NP +gain I-NP I-NP +-LRB- O O +and O O +if B-SBAR B-SBAR +so O B-ADVP +, O O +how B-ADVP B-ADVP +-RRB- O O +? O O + +Or O O +did O O +Mr. B-NP B-NP +Chestman I-NP I-NP +only B-VP B-ADVP +hear I-VP B-VP +a B-NP B-NP +market I-NP I-NP +rumor I-NP I-NP +-LRB- O O +which B-NP B-NP +one B-NP B-NP +may B-VP B-VP +lawfully I-VP I-VP +trade I-VP I-VP +upon B-PP B-PP +-RRB- O O +? O O + +The B-NP B-NP +line I-NP I-NP +seems B-VP B-VP +awfully B-ADJP B-ADJP +thin I-ADJP I-ADJP +for B-PP B-PP +criminal-law B-NP B-NP +purposes I-NP I-NP +. O O + +A B-NP B-NP +second I-NP I-NP +illustration I-NP I-NP +is B-VP B-VP +supplied I-VP I-VP +by B-PP B-PP +the B-NP B-NP +recent I-NP I-NP +guilty I-NP I-NP +plea I-NP I-NP +entered B-VP B-VP +by B-PP B-PP +Robert B-NP B-NP +Freeman I-NP I-NP +, O O +formerly B-ADVP B-ADVP +head B-NP B-NP +of B-PP B-PP +arbitrage B-NP B-NP +at B-PP B-PP +Goldman B-NP B-NP +, I-NP I-NP +Sachs I-NP I-NP +& I-NP I-NP +Co I-NP I-NP +. O O + +Essentially B-ADVP B-ADVP +, O O +Mr. B-NP B-NP +Freeman I-NP I-NP +had B-VP B-VP +invested I-VP I-VP +heavily B-ADVP B-ADVP +in B-PP B-PP +the B-NP B-NP +Beatrice I-NP I-NP +leveraged I-NP I-NP +buy-out I-NP I-NP +, O O +when B-ADVP B-ADVP +he B-NP B-NP +was B-VP B-VP +told I-VP I-VP +by B-PP B-PP +another B-NP B-NP +prominent I-NP I-NP +trader I-NP I-NP +, O O +Bernard B-NP B-NP +`` I-NP I-NP +Bunny I-NP I-NP +'' I-NP I-NP +Lasker I-NP I-NP +, O O +that B-SBAR B-SBAR +the B-NP B-NP +deal I-NP I-NP +was B-VP B-VP +in B-PP B-PP +trouble B-NP B-NP +. O O + +After B-PP B-PP +placing B-VP B-VP +orders B-NP B-NP +to B-VP B-VP +sell I-VP I-VP +, O O +Mr. B-NP B-NP +Freeman I-NP I-NP +called B-VP B-VP +Martin B-NP B-NP +Siegel I-NP I-NP +, O O +an B-NP B-NP +investment I-NP I-NP +banker I-NP I-NP +at B-PP B-PP +Kidder B-NP B-NP +, I-NP I-NP +Peabody I-NP I-NP +& I-NP I-NP +Co. I-NP I-NP +, O O +who B-NP B-NP +was B-VP B-VP +advising I-VP I-VP +on B-PP B-PP +the B-NP B-NP +deal I-NP I-NP +, O O +to B-VP B-VP +confirm I-VP I-VP +these B-NP B-NP +rumors I-NP I-NP +. O O + +Mr. B-NP B-NP +Siegel I-NP I-NP +asked B-VP B-VP +Mr. B-NP B-NP +Freeman I-NP I-NP +who B-NP B-NP +his B-NP B-NP +source I-NP I-NP +was B-VP B-VP +and O O +, O O +on B-PP B-PP +hearing B-VP B-NP +that B-SBAR B-SBAR +it B-NP B-NP +was B-VP B-VP +Bunny B-NP B-NP +Lasker I-NP I-NP +, B-VP O +responded I-VP B-VP +: O O +`` O O +Well B-INTJ B-INTJ +, O O +your B-NP B-NP +bunny I-NP I-NP +has B-VP B-VP +a B-NP B-NP +good I-NP I-NP +nose I-NP I-NP +. O O +'' O O + +The B-NP B-NP +illegal I-NP I-NP +`` I-NP I-NP +tip I-NP I-NP +'' O O +of B-PP B-PP +the B-NP B-NP +bunny I-NP I-NP +'s B-NP B-NP +good I-NP I-NP +nose I-NP I-NP +was B-VP B-VP +then B-ADVP B-ADVP +largely B-ADVP B-NP +a B-NP I-NP +confirmation I-NP I-NP +of B-PP B-PP +rumors B-NP B-NP +already B-VP B-VP +known I-VP I-VP +to B-PP B-PP +many B-NP B-NP +in B-PP B-PP +the B-NP B-NP +market I-NP I-NP +. O O + +Had O O +the B-NP B-NP +case I-NP I-NP +gone B-VP B-VP +to B-PP B-PP +trial B-NP B-NP +the B-NP B-NP +same I-NP I-NP +issues I-NP I-NP +would B-VP B-VP +have I-VP I-VP +surfaced I-VP I-VP +: O O + +Was O O +there B-NP B-NP +a B-NP B-NP +fiduciary I-NP I-NP +breach I-NP I-NP +in B-SBAR B-SBAR +order O O +to B-VP B-VP +obtain I-VP I-VP +personal B-NP B-NP +gain I-NP I-NP +? O O + +Did O O +Mr. B-NP B-NP +Freeman I-NP I-NP +have B-VP B-VP +notice B-NP B-NP +of B-PP B-PP +this B-NP B-NP +? O O + +Finally B-ADVP B-ADVP +, O O +was O B-VP +the B-NP B-NP +information I-NP I-NP +material B-ADJP I-NP +? O O + +Yet B-ADVP B-ADVP +, O O +all B-NP B-NP +these I-NP I-NP +issues I-NP I-NP +are B-VP B-VP +subsidiary B-ADJP B-NP +to B-PP B-PP +a B-NP B-NP +more I-NP I-NP +central I-NP I-NP +issue I-NP I-NP +: O O +Who B-NP B-NP +is B-VP B-VP +and O O +who B-NP B-NP +should B-VP B-VP +be I-VP I-VP +making B-VP I-VP +the B-NP B-NP +criminal I-NP I-NP +law I-NP I-NP +here B-ADVP B-ADVP +? O O + +It B-NP B-NP +is B-VP B-VP +not O O +my B-NP B-NP +contention I-NP I-NP +that B-SBAR B-SBAR +either B-NP B-NP +Mr. B-NP I-NP +Chestman I-NP I-NP +or O O +Mr. B-NP B-NP +Freeman I-NP I-NP +was B-VP B-VP +an B-NP B-NP +innocent I-NP I-NP +victim I-NP I-NP +of B-PP B-PP +prosecutorial B-NP B-NP +overzealousness I-NP I-NP +. O O + +Arguably B-ADVP B-ADVP +, O O +both B-NP B-NP +were B-VP B-VP +on B-PP B-PP +notice B-NP B-NP +that B-SBAR O +their B-NP B-NP +behavior I-NP I-NP +was B-VP B-VP +at B-ADJP B-ADVP +least I-ADJP I-ADVP +risky I-ADJP B-ADJP +. O O + +But O O +even B-SBAR B-SBAR +if I-SBAR I-SBAR +they B-NP B-NP +behaved B-VP B-VP +recklessly B-ADVP B-ADVP +, O O +reasons B-NP B-NP +still B-ADVP B-ADVP +exist B-VP B-VP +to I-VP I-VP +fear I-VP I-VP +and I-VP O +resist I-VP B-VP +this B-NP B-NP +steady I-NP I-NP +process I-NP I-NP +of B-PP B-PP +case-by-case B-NP B-NP +judicial I-NP I-NP +extension I-NP I-NP +of B-PP B-PP +the B-NP B-NP +law I-NP I-NP +of B-PP B-PP +insider B-NP B-NP +trading I-NP I-NP +. O O + +Courts B-NP B-NP +and I-NP I-NP +legislatures I-NP I-NP +make B-VP B-VP +decisions B-NP B-NP +in B-PP B-PP +very B-NP B-NP +different I-NP I-NP +ways I-NP I-NP +and O O +are B-VP B-VP +each O O +susceptible B-ADJP B-ADJP +to B-PP B-PP +very B-NP B-NP +different I-NP I-NP +kinds I-NP I-NP +of B-PP B-PP +errors B-NP B-NP +. O O + +After-the-fact B-NP B-NP +judicial I-NP I-NP +examination I-NP I-NP +of B-PP B-PP +an B-NP B-NP +actor I-NP I-NP +'s B-NP B-NP +conduct I-NP I-NP +has B-VP B-VP +always I-VP I-VP +been I-VP I-VP +the B-NP B-NP +common I-NP I-NP +law I-NP I-NP +'s B-NP B-NP +method I-NP I-NP +. O O + +When B-ADVP B-ADVP +only B-NP B-NP +civil I-NP I-NP +liability I-NP I-NP +is B-VP B-VP +involved I-VP I-VP +, O O +this B-NP B-NP +method I-NP I-NP +has B-VP B-VP +the B-NP B-NP +undeniable I-NP I-NP +strengths I-NP I-NP +of B-PP B-PP +factual B-NP B-NP +specificity I-NP I-NP +and O I-NP +avoidance B-NP I-NP +of B-PP B-PP +overgeneralization B-NP B-NP +. O O + +Still B-ADVP B-ADVP +, O O +case-by-case B-NP B-NP +retrospective I-NP I-NP +decision I-NP I-NP +making I-NP I-NP +of B-PP B-PP +this B-NP B-NP +sort I-NP I-NP +is B-VP B-VP +vulnerable B-ADJP B-ADJP +to B-PP B-PP +the B-NP B-NP +tunnel I-NP I-NP +vision I-NP I-NP +caused B-VP B-VP +by B-PP B-PP +a B-NP B-NP +fixation I-NP I-NP +on B-PP B-PP +ad O B-NP +hoc O I-NP +-LRB- O O +and O O +usually B-ADJP B-NP +sleazy I-ADJP I-NP +-RRB- O I-NP +examples B-NP I-NP +. O O + +When B-ADVP B-ADVP +a B-NP B-NP +court I-NP I-NP +decides B-VP B-VP +that B-SBAR B-SBAR +a B-NP B-NP +particular I-NP I-NP +actor I-NP I-NP +'s B-NP B-NP +conduct I-NP I-NP +was B-VP B-VP +culpable B-ADJP B-ADJP +and O O +so B-ADVP B-VP +extends B-VP I-VP +the B-NP B-NP +definition I-NP I-NP +of B-PP B-PP +insider B-NP B-NP +trading I-NP I-NP +to B-VP B-VP +reach I-VP I-VP +this B-NP B-NP +conduct I-NP I-NP +, O O +it B-NP B-NP +does B-VP B-VP +not I-VP I-VP +see I-VP I-VP +the B-NP B-NP +potentially I-NP I-NP +enormous I-NP I-NP +number I-NP I-NP +of B-PP B-PP +other B-NP B-NP +cases I-NP I-NP +that B-NP B-NP +will B-VP B-VP +be I-VP I-VP +covered I-VP I-VP +by B-PP B-PP +the B-NP B-NP +expanded I-NP I-NP +rule I-NP I-NP +. O O + +Thus B-ADVP B-ADVP +, O O +a B-NP B-NP +court I-NP I-NP +is B-VP B-VP +poorly B-ADJP I-VP +positioned I-ADJP I-VP +to B-VP B-VP +make I-VP I-VP +judgments B-NP B-NP +about B-PP B-PP +the B-NP B-NP +social I-NP I-NP +utility I-NP I-NP +of B-PP B-PP +the B-NP B-NP +expanded I-NP I-NP +rule I-NP I-NP +. O O + +For B-PP B-PP +example B-NP B-NP +, O O +in B-PP B-PP +focusing B-VP B-VP +on B-PP B-PP +Mr. B-NP B-NP +Freeman I-NP I-NP +'s B-NP B-NP +attempt I-NP I-NP +to B-VP B-VP +gain I-VP I-VP +nonpublic B-NP B-NP +information I-NP I-NP +about B-PP B-PP +a B-NP B-NP +deal I-NP I-NP +'s B-NP B-NP +collapse I-NP I-NP +, O O +one B-NP B-NP +does B-VP B-VP +not I-VP I-VP +naturally I-VP I-VP +think I-VP I-VP +about B-PP B-PP +the B-NP B-NP +reverse I-NP I-NP +side I-NP I-NP +of B-PP B-PP +the B-NP B-NP +coin I-NP I-NP +: O O +What B-NP B-NP +if B-SBAR B-SBAR +the B-NP B-NP +rumor I-NP I-NP +had B-VP B-VP +been I-VP I-VP +false B-ADJP B-ADJP +? O O + +Can O O +a B-NP B-NP +security I-NP I-NP +analyst I-NP I-NP +call B-VP B-VP +an B-NP B-NP +investment I-NP I-NP +banker I-NP I-NP +to B-VP B-VP +make I-VP I-VP +certain B-ADJP B-ADJP +that B-SBAR B-SBAR +a B-NP B-NP +seemingly I-NP I-NP +improbable I-NP I-NP +rumor I-NP I-NP +is B-VP B-VP +in B-ADVP B-PP +fact I-ADVP B-NP +false B-ADJP B-ADJP +? O O + +In B-PP B-PP +the B-NP B-NP +past I-NP I-NP +, O O +not O B-CONJP +only B-ADVP I-CONJP +would O O +reputable B-NP B-NP +professionals I-NP I-NP +have B-VP B-VP +rushed I-VP I-VP +to I-VP I-VP +check I-VP I-VP +out B-PRT B-PRT +such B-NP B-NP +rumors I-NP I-NP +with B-PP B-PP +the B-NP B-NP +company I-NP I-NP +, O O +but O O +companies B-NP B-NP +listed B-VP B-VP +on B-PP B-PP +the B-NP B-NP +major I-NP I-NP +stock I-NP I-NP +exchanges I-NP I-NP +were B-VP B-VP +encouraged I-VP I-VP +by B-PP B-PP +the B-NP B-NP +exchanges I-NP I-NP +to B-VP B-VP +respond I-VP I-VP +openly B-ADVP B-ADVP +to B-PP B-PP +such B-NP B-NP +inquiries I-NP I-NP +from B-PP B-PP +securities B-NP B-NP +analysts I-NP I-NP +. O O + +Today B-NP B-NP +, O O +after B-PP B-PP +Mr. B-NP B-NP +Freeman I-NP I-NP +'s B-NP B-NP +plea I-NP I-NP +, O O +there B-NP B-NP +is B-VP B-VP +an B-NP B-NP +uncertainty I-NP I-NP +that B-NP B-NP +is B-VP B-VP +both B-ADJP O +unfair I-ADJP B-ADJP +and I-ADJP I-ADJP +inefficient I-ADJP I-ADJP +. O O + +In B-PP B-PP +this B-NP B-NP +light I-NP I-NP +, O O +the B-NP B-NP +comparative I-NP I-NP +advantages I-NP I-NP +of B-PP B-PP +legislative B-NP B-NP +law-making I-NP I-NP +become B-VP B-VP +clear B-ADJP B-ADJP +: O O +-LRB- B-LST O +1 I-LST B-LST +-RRB- O O +Before B-SBAR B-SBAR +it B-NP B-NP +acts B-VP B-VP +, O O +the B-NP B-NP +legislature I-NP I-NP +typically B-VP B-ADVP +will I-VP B-VP +hear I-VP I-VP +the B-NP B-NP +views I-NP I-NP +of B-PP B-PP +representatives B-NP B-NP +of B-PP B-PP +all B-NP B-NP +those I-NP I-NP +affected B-VP B-VP +by B-PP B-PP +its B-NP B-NP +decision I-NP I-NP +, B-NP O +not I-NP B-CONJP +just B-NP I-CONJP +the I-NP B-NP +immediate I-NP I-NP +parties I-NP I-NP +before B-PP B-PP +the B-NP B-NP +court I-NP I-NP +; O O +and O O +-LRB- B-LST O +2 I-LST B-LST +-RRB- O O +the B-NP B-NP +legislature I-NP I-NP +can B-VP B-VP +frame I-VP I-VP +`` B-NP B-NP +bright I-NP I-NP +line I-NP I-NP +'' I-NP I-NP +standards I-NP I-NP +that B-NP B-NP +create B-VP B-VP +less B-NP B-NP +uncertainty I-NP I-NP +than B-PP B-PP +the B-NP B-NP +fact-bound I-NP I-NP +decisions I-NP I-NP +of B-PP B-PP +courts B-NP B-NP +. O O + +Although B-SBAR B-SBAR +legislative B-NP B-NP +lines I-NP I-NP +can B-VP B-VP +result I-VP I-VP +in B-PP B-PP +under-inclusion B-NP B-NP +-LRB- O O +which B-NP B-NP +explains B-VP B-VP +why B-ADVP B-ADVP +the B-NP B-NP +SEC I-NP I-NP +has B-VP B-VP +long I-VP I-VP +resisted I-VP I-VP +a B-NP B-NP +legislative I-NP I-NP +definition I-NP I-NP +of B-PP B-PP +insider B-NP B-NP +trading I-NP I-NP +-RRB- O O +, O O +judicial B-NP B-NP +lawmaking I-NP I-NP +inevitably B-ADVP B-ADVP +creates B-VP B-VP +uncertainty B-NP B-NP +because B-PP B-PP +of I-PP I-PP +the B-NP B-NP +shadowy I-NP I-NP +outer I-NP I-NP +edges I-NP I-NP +and I-NP I-NP +implications I-NP I-NP +of B-PP B-PP +most B-NP B-NP +judicial I-NP I-NP +decisions I-NP I-NP +. O O + +At B-PP B-ADVP +least B-ADJP I-ADVP +when B-ADVP B-ADVP +the B-NP B-NP +stakes I-NP I-NP +are B-VP B-VP +high B-ADJP B-ADJP +, O O +uncertainty B-NP B-NP +in B-PP B-PP +turn B-NP B-NP +results B-VP B-VP +in B-PP B-PP +overinclusion B-NP B-NP +, O O +as B-SBAR B-SBAR +individuals B-NP B-NP +do B-VP B-VP +not I-VP I-VP +dare I-VP I-VP +to I-VP I-VP +approach I-VP I-VP +an B-NP B-NP +uncertain I-NP I-NP +line I-NP I-NP +closely B-ADVP B-ADVP +. O O + +The B-NP B-NP +federal I-NP I-NP +mail I-NP I-NP +and I-NP I-NP +wire I-NP I-NP +fraud I-NP I-NP +statutes I-NP I-NP +provide B-VP B-VP +even B-NP B-NP +better I-NP I-NP +illustrations I-NP I-NP +of B-PP B-PP +the B-NP B-NP +rapid I-NP I-NP +evolution I-NP I-NP +of B-PP B-PP +a B-NP B-NP +federal I-NP I-NP +common I-NP I-NP +law I-NP I-NP +of B-PP B-PP +white-collar B-NP B-NP +crime I-NP I-NP +. O O + +In B-PP B-PP +1987 B-NP B-NP +, O O +the B-NP B-NP +Supreme I-NP I-NP +Court I-NP I-NP +attempted B-VP B-VP +in B-PP B-PP +McNally B-NP B-NP +v. B-PP I-NP +U.S. B-NP I-NP +to B-VP B-VP +halt I-VP I-VP +the B-NP B-NP +inexorable I-NP I-NP +expansion I-NP I-NP +of B-PP B-PP +these B-NP B-NP +statutes I-NP I-NP +by B-PP B-PP +adopting B-VP B-VP +a B-NP B-NP +rule I-NP I-NP +of B-PP B-PP +strict B-NP B-NP +construction I-NP I-NP +for B-PP B-PP +ambiguous B-NP B-NP +criminal I-NP I-NP +statues I-NP I-NP +. O O + +Yet B-ADVP B-ADVP +, O O +late B-NP B-NP +last I-NP I-NP +year I-NP I-NP +, O O +Congress B-NP B-NP +effectively B-VP B-ADVP +reversed I-VP B-VP +this B-NP B-NP +decision I-NP I-NP +by B-PP B-PP +enacting B-VP B-VP +a B-NP B-NP +one-sentence I-NP I-NP +statute I-NP I-NP +that B-NP B-NP +defined B-VP B-VP +fraud B-NP B-NP +to B-VP B-VP +include I-VP I-VP +any B-NP B-NP +scheme I-NP I-NP +to B-VP B-VP +deprive I-VP I-VP +another B-NP B-NP +of B-PP B-PP +`` O O +the B-NP B-NP +intangible I-NP I-NP +right I-NP I-NP +of B-PP B-PP +honest B-NP B-NP +services I-NP I-NP +. O O +'' O O + +At B-PP B-PP +a B-NP B-NP +stroke I-NP I-NP +, O O +this B-NP B-NP +may B-VP B-VP +criminalize I-VP I-VP +all B-NP B-NP +fiduciary I-NP I-NP +breaches I-NP I-NP +-LRB- O O +and O O +possibly B-ADVP B-ADVP +all B-NP B-NP +misrepresentations I-NP I-NP +by B-PP B-PP +an B-NP B-NP +agent I-NP I-NP +or I-NP I-NP +employee I-NP I-NP +-RRB- O O +. O O + +Such B-NP B-NP +a I-NP I-NP +statute I-NP I-NP +illustrates B-VP B-VP +the B-NP B-NP +fundamental I-NP I-NP +problem I-NP I-NP +: O O +Congress B-NP B-NP +finds B-VP B-VP +it B-NP B-NP +is B-VP B-VP +easier B-ADJP B-ADJP +to B-VP B-VP +pass I-VP I-VP +sweepingly B-NP B-NP +moralistic I-NP I-NP +prohibitions I-NP I-NP +, O O +which B-NP B-NP +the B-NP B-NP +courts I-NP I-NP +must B-VP B-VP +thereafter I-VP I-VP +interpret I-VP I-VP +, O O +than B-SBAR B-SBAR +to B-VP B-VP +engage I-VP I-VP +in B-PP B-PP +the B-NP B-NP +difficult I-NP I-NP +line-drawing I-NP I-NP +distinctions I-NP I-NP +that B-NP B-NP +are B-VP B-VP +inherently B-ADVP B-ADVP +its B-NP B-NP +responsibility I-NP I-NP +. O O + +We B-NP B-NP +are B-VP B-VP +confronted I-VP I-VP +less B-ADVP B-ADVP +with B-PP B-PP +a B-NP B-NP +judicial I-NP I-NP +power I-NP I-NP +grab I-NP I-NP +than B-PP B-PP +with B-PP B-PP +a B-NP B-NP +legislative I-NP I-NP +giveaway I-NP I-NP +. O O + +Predictably B-ADVP B-ADVP +, O O +when B-ADVP B-ADVP +confronted B-VP B-VP +with B-PP B-PP +morally B-NP B-NP +dubious I-NP I-NP +behavior I-NP I-NP +, O O +prosecutors B-NP B-NP +will B-VP B-VP +exploit I-VP I-VP +the B-NP B-NP +latitude I-NP I-NP +such B-NP B-NP +openended I-NP I-NP +statutes I-NP I-NP +give B-VP B-VP +them B-NP B-NP +. O O + +Over B-PP B-PP +the B-NP B-NP +long I-NP I-NP +run I-NP I-NP +, O O +however B-ADVP B-ADVP +, O O +sleazy B-NP B-NP +cases I-NP I-NP +will B-VP B-VP +make I-VP I-VP +bad B-NP B-NP +law I-NP I-NP +. O O + +Mr. B-NP B-NP +Coffee I-NP I-NP +is B-VP B-VP +a B-NP B-NP +professor I-NP I-NP +at B-PP B-PP +Columbia B-NP B-NP +Law I-NP I-NP +School I-NP I-NP +. O O + +Corning B-NP B-NP +Inc. I-NP I-NP +posted B-VP B-VP +a B-NP B-NP +38 I-NP I-NP +% I-NP I-NP +decline I-NP I-NP +in B-PP B-PP +third-quarter B-NP B-NP +net I-NP I-NP +income I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +76.5 I-NP I-NP +million I-NP I-NP +, O O +or O O +80 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +from B-PP B-PP +$ B-NP B-NP +123.9 I-NP I-NP +million I-NP I-NP +, O O +or O O +$ B-NP B-NP +1.37 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +The B-NP B-NP +year-earlier I-NP I-NP +figure I-NP I-NP +included B-VP B-VP +a B-NP B-NP +one-time I-NP I-NP +gain I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +59.9 I-NP I-NP +million I-NP I-NP +from B-PP B-PP +the B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +Corning B-NP B-NP +'s B-NP B-NP +stakes I-NP I-NP +in B-PP B-PP +Japanese B-NP B-NP +businesses I-NP I-NP +. O O + +Without B-PP B-PP +the B-NP B-NP +gain I-NP I-NP +, O O +operating B-NP B-NP +profit I-NP I-NP +was B-VP B-VP +$ B-NP B-NP +64 I-NP I-NP +million I-NP I-NP +, O O +or O O +71 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +. O O + +The B-NP B-NP +telecommunications I-NP I-NP +, I-NP I-NP +specialty I-NP I-NP +glass I-NP I-NP +, I-NP I-NP +ceramic I-NP I-NP +products I-NP I-NP +and I-NP I-NP +laboratory-services I-NP I-NP +concern I-NP I-NP +said B-VP B-VP +the B-NP B-NP +latest I-NP I-NP +quarter I-NP I-NP +included B-VP B-VP +a B-NP B-NP +tax-loss I-NP I-NP +carry-forward I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +600,000 I-NP I-NP +. O O + +A B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +, O O +net B-NP B-NP +included B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +700,000 I-NP I-NP +taxlow I-NP I-NP +carry-forward I-NP I-NP +. O O + +Sales B-NP B-NP +rose B-VP B-VP +14 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +715 I-NP I-NP +million I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +625.4 I-NP I-NP +million I-NP I-NP +. O O + +Corning B-NP B-NP +'s B-NP B-NP +chairman I-NP I-NP +and I-NP I-NP +chief I-NP I-NP +executive I-NP I-NP +officer I-NP I-NP +, O O +James B-NP B-NP +R. I-NP I-NP +Houghton I-NP I-NP +, O O +said B-VP B-VP +operating B-NP B-NP +performance I-NP I-NP +continued B-VP B-VP +to I-VP I-VP +be I-VP I-VP +strong B-ADJP B-ADJP +in B-PP B-PP +the B-NP B-NP +telecommunications I-NP I-NP +and I-NP I-NP +health I-NP I-NP +and I-NP I-NP +science I-NP I-NP +segments I-NP I-NP +. O O + +But O O +the B-NP B-NP +specialty-material I-NP I-NP +segment I-NP I-NP +slowed B-VP B-VP +somewhat B-ADVP B-ADVP +and O O +consumer B-NP B-NP +products I-NP I-NP +continued B-VP B-VP +below B-PP B-PP +expectations B-NP B-NP +. O O + +As B-PP B-PP +for B-PP B-PP +joint B-NP B-NP +ventures I-NP I-NP +, O O +Mr. B-NP B-NP +Houghton I-NP I-NP +said B-VP B-VP +profit B-NP B-NP +was B-VP B-VP +`` O O +essentially B-ADJP B-ADJP +flat I-ADJP I-ADJP +'' O O +due O B-ADVP +primarily B-ADVP I-ADVP +to B-PP B-PP +a B-NP B-NP +slow I-NP I-NP +recovery I-NP I-NP +at B-PP B-PP +Samsung-Corning B-NP B-NP +Co. I-NP I-NP +in B-PP B-PP +Korea B-NP B-NP +following B-PP B-PP +a B-NP B-NP +strike I-NP I-NP +at B-PP B-PP +a B-NP B-NP +major I-NP I-NP +customer I-NP I-NP +and O O +the B-NP B-NP +disruption I-NP I-NP +of B-PP B-PP +shipments B-NP B-NP +to B-PP B-PP +China B-NP B-NP +. O O + +Also B-ADVP B-ADVP +, O O +profit B-NP B-NP +was B-VP B-VP +hurt I-VP I-VP +by B-PP B-PP +the B-NP B-NP +strength I-NP I-NP +of B-PP B-PP +the B-NP B-NP +dollar I-NP I-NP +overseas B-ADVP O +which B-NP B-NP +negatively B-VP B-VP +affected I-VP I-VP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +currency-exchange I-NP I-NP +rate I-NP I-NP +. O O + +In B-PP B-PP +New B-NP B-NP +York I-NP I-NP +Stock I-NP I-NP +Exchange I-NP I-NP +composite I-NP I-NP +trading I-NP I-NP +, O O +Corning B-NP B-NP +closed B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +38.50 I-NP I-NP +, O O +down B-ADVP B-ADVP +75 B-NP B-NP +cents I-NP I-NP +. O O + +UAL B-NP B-NP +, O O +the B-NP B-NP +hair-trigger I-NP I-NP +stock I-NP I-NP +that B-NP B-NP +exploded B-VP B-VP +Friday B-NP B-NP +'s B-NP B-NP +market I-NP I-NP +bombshell I-NP I-NP +, O O +briefly B-ADVP B-ADVP +traumatized B-VP B-VP +traders B-NP B-NP +again B-ADVP B-ADVP +yesterday B-NP B-NP +. O O + +Within B-PP B-PP +10 B-NP B-NP +minutes I-NP I-NP +after B-PP B-PP +an B-NP B-NP +11:13 I-NP I-NP +a.m. I-NP I-NP +trading I-NP I-NP +halt I-NP I-NP +in B-PP B-PP +UAL B-NP B-NP +, O O +parent B-NP B-NP +of B-PP B-PP +United B-NP B-NP +Airlines I-NP I-NP +, O O +the B-NP B-NP +Dow I-NP I-NP +Jones I-NP I-NP +Industrial I-NP I-NP +Average I-NP I-NP +plunged B-VP B-VP +nearly B-NP B-NP +27 I-NP I-NP +points I-NP I-NP +to B-PP B-PP +a B-NP B-NP +60.25-point I-NP I-NP +deficit I-NP I-NP +. O O + +Computer-guided B-NP B-NP +buying I-NP I-NP +then B-ADVP B-ADVP +kicked B-VP B-VP +in B-PRT B-PRT +, O O +and O O +the B-NP B-NP +industrials I-NP I-NP +regained B-VP B-VP +27 B-NP B-NP +points I-NP I-NP +in B-PP B-PP +five B-NP B-NP +minutes I-NP I-NP +. O O + +The B-NP B-NP +lightning I-NP I-NP +moves I-NP I-NP +show B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +remains B-VP B-VP +fragile B-ADJP B-ADJP +and I-ADJP I-ADJP +volatile I-ADJP I-ADJP +-- O O +ready B-ADJP B-ADJP +to B-VP B-VP +jump I-VP I-VP +at B-PP B-PP +the B-NP B-NP +slightest I-NP I-NP +rumor I-NP I-NP +-- O O +a B-NP B-NP +few I-NP I-NP +days I-NP I-NP +after B-PP B-PP +its B-NP B-NP +shocking I-NP I-NP +190.58-point I-NP I-NP +plunge I-NP I-NP +. O O + +Nervous B-NP B-NP +investors I-NP I-NP +continued B-VP B-VP +to I-VP I-VP +limit I-VP I-VP +their B-NP B-NP +buying I-NP I-NP +to B-PP B-PP +blue-chip B-NP B-NP +stocks I-NP I-NP +while B-SBAR B-SBAR +dumping B-VP B-VP +takeover-related B-NP B-NP +issues I-NP I-NP +. O O + +The B-NP B-NP +industrial I-NP I-NP +average I-NP I-NP +closed B-VP B-VP +down B-ADVP B-ADVP +18.65 B-NP B-NP +, O O +to B-PP B-PP +2638.73 B-NP B-NP +. O O + +New B-NP B-NP +York I-NP I-NP +Stock I-NP I-NP +Exchange I-NP I-NP +volume I-NP I-NP +was B-VP B-VP +a B-NP B-NP +heavy I-NP I-NP +224,070,000 I-NP I-NP +shares I-NP I-NP +. O O + +Decliners B-NP B-NP +on B-PP B-PP +the B-NP B-NP +Big I-NP I-NP +Board I-NP I-NP +outnumbered B-VP B-VP +advancers B-NP B-NP +, O O +931 B-ADVP B-ADVP +to I-ADVP I-ADVP +658 I-ADVP I-ADVP +. O O + +UAL B-NP B-NP +was B-VP B-VP +watched I-VP I-VP +closely B-ADVP B-ADVP +and O O +traded B-VP B-VP +heavily B-ADVP B-ADVP +. O O + +The B-NP B-NP +stock I-NP I-NP +tumbled B-VP B-VP +24 B-NP B-NP +7\/8 I-NP I-NP +to B-PP B-PP +198 B-NP B-NP +on B-PP B-PP +volume B-NP B-NP +of B-PP B-PP +2.8 B-NP B-NP +million I-NP I-NP +shares I-NP I-NP +. O O + +The B-NP B-NP +market I-NP I-NP +is B-VP B-VP +still B-ADVP B-ADVP +very B-ADJP B-ADJP +touchy I-ADJP I-ADJP +about B-PP B-PP +rumors B-NP B-NP +and O I-NP +news B-NP I-NP +on B-PP B-PP +pending B-NP B-NP +takeovers I-NP I-NP +. O O + +UAL B-NP B-NP +, O O +which B-NP B-NP +is B-VP B-VP +trying I-VP I-VP +to I-VP I-VP +reconstruct I-VP I-VP +a B-NP B-NP +buy-out I-NP I-NP +bid I-NP I-NP +that B-NP B-NP +banks B-NP B-NP +would B-VP B-VP +n't I-VP I-VP +finance I-VP I-VP +, O O +represents B-VP B-VP +the B-NP B-NP +future I-NP I-NP +of B-PP B-PP +one B-NP B-NP +of B-PP B-PP +the B-NP B-NP +most I-NP I-NP +powerful I-NP I-NP +ingredients I-NP I-NP +in B-PP B-PP +the B-NP B-NP +bull I-NP I-NP +market I-NP I-NP +- O O +corporate B-NP B-NP +restructuring I-NP I-NP +. O O + +An B-NP B-NP +important I-NP I-NP +element I-NP I-NP +of B-PP B-PP +this B-NP B-NP +phenomenon I-NP I-NP +-- O O +the B-NP B-NP +now-shaky I-NP I-NP +market I-NP I-NP +for B-PP B-PP +junk B-NP B-NP +bonds I-NP I-NP +, O O +used B-VP B-VP +often B-ADVP B-ADVP +to B-VP B-VP +finance I-VP I-VP +restructurings B-NP B-NP +and I-NP I-NP +takeovers I-NP I-NP +-- O O +continued B-VP B-VP +to I-VP I-VP +cast I-VP I-VP +a B-NP B-NP +pall I-NP I-NP +over B-PP B-PP +stocks B-NP B-NP +. O O + +`` O O +It B-NP B-NP +was B-VP B-VP +a B-NP B-NP +very I-NP I-NP +nervous I-NP I-NP +day I-NP I-NP +, O O +'' O O +said B-VP B-VP +John B-NP B-NP +Geary I-NP I-NP +, O O +partner B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Big I-NP I-NP +Board I-NP I-NP +specialist I-NP I-NP +firm I-NP I-NP +Ziebarth I-NP I-NP +, I-NP O +Geary I-NP B-NP +. O O + +The B-NP B-NP +volatility I-NP I-NP +wo B-VP B-VP +n't I-VP I-VP +end I-VP I-VP +soon B-ADVP B-ADVP +. O O + +This B-NP B-NP +Friday I-NP I-NP +brings B-VP B-VP +the B-NP B-NP +`` I-NP I-NP +double I-NP I-NP +witching I-NP I-NP +hour I-NP I-NP +, O O +'' O O +Wall B-NP B-NP +Street I-NP I-NP +'s B-NP B-NP +nickname I-NP I-NP +for B-PP B-PP +the B-NP B-NP +monthly I-NP I-NP +simultaneous I-NP I-NP +expiration I-NP I-NP +of B-PP B-PP +a B-NP B-NP +variety I-NP I-NP +of B-PP B-PP +stock B-NP B-NP +index I-NP I-NP +futures I-NP I-NP +, O O +index B-NP B-NP +options I-NP I-NP +and O O +options B-NP B-NP +on B-PP B-PP +individual B-NP B-NP +stocks I-NP I-NP +. O O + +Traders B-NP B-NP +are B-VP B-VP +already I-VP I-VP +buckling I-VP I-VP +their B-NP B-NP +seat I-NP I-NP +belts I-NP I-NP +. O O + +Previous B-NP B-NP +monthly I-NP I-NP +expirations I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Major I-NP I-NP +Market I-NP I-NP +Index I-NP I-NP +futures I-NP I-NP +and O O +Standard B-NP B-NP +& I-NP I-NP +Poor I-NP I-NP +'s B-NP B-NP +100-stock I-NP I-NP +index I-NP I-NP +options I-NP I-NP +have B-VP B-VP +produced I-VP I-VP +spectacular B-NP B-NP +volatility I-NP I-NP +. O O + +`` O O +We B-NP B-NP +are B-VP B-VP +in B-PP B-PP +one B-NP B-NP +of B-PP B-PP +those B-NP B-NP +phases I-NP I-NP +where B-ADVP B-ADVP +you B-NP B-NP +are B-VP B-VP +going I-VP I-VP +to I-VP I-VP +get I-VP I-VP +a B-NP B-NP +lot I-NP I-NP +of B-PP B-PP +volatile B-NP B-NP +expiration I-NP I-NP +action I-NP I-NP +, O O +'' O O +said B-VP B-VP +Donald B-NP B-NP +Selkin I-NP I-NP +, O O +head B-NP B-NP +of B-PP B-PP +stock-index B-NP B-NP +research I-NP I-NP +at B-PP B-PP +Prudential-Bache B-NP B-NP +Securities I-NP I-NP +. O O + +Investors B-NP B-NP +were B-VP B-VP +buying I-VP I-VP +yesterday B-NP B-NP +, O O +but O O +they B-NP B-NP +were B-VP B-VP +running I-VP I-VP +scared B-ADVP B-ADJP +to B-PP B-PP +premier B-NP B-NP +blue I-NP I-NP +chips I-NP I-NP +such B-PP B-PP +as I-PP I-PP +Procter B-NP B-NP +& I-NP I-NP +Gamble I-NP I-NP +, O O +which B-NP B-NP +jumped B-VP B-VP +3 B-NP B-NP +3\/8 I-NP I-NP +to B-PP B-PP +127 B-NP B-NP +. O O + +Investors B-NP B-NP +`` O O +are B-VP B-VP +buying I-VP I-VP +stocks B-NP B-NP +that B-NP B-NP +have B-VP B-VP +predictable B-NP B-NP +earnings I-NP I-NP +, O O +'' O O +said B-VP B-VP +Edward B-NP B-NP +J. I-NP I-NP +Laux I-NP I-NP +, O O +head B-NP B-NP +of B-PP B-PP +block B-NP B-NP +trading I-NP I-NP +at B-PP B-PP +Kidder B-NP B-NP +Peabody I-NP I-NP +. O O + +Along B-PP B-PP +the B-NP B-NP +way I-NP I-NP +, O O +investors B-NP B-NP +dumped B-VP B-VP +takeover B-NP B-NP +stocks I-NP I-NP +and O O +shares B-NP B-NP +of B-PP B-PP +banks B-NP B-NP +that B-NP B-NP +have B-VP B-VP +leveraged-buy-out B-NP B-NP +debt I-NP I-NP +and O O +risky B-NP B-NP +real I-NP I-NP +estate I-NP I-NP +loans I-NP I-NP +on B-PP B-PP +their B-NP B-NP +books I-NP I-NP +. O O + +`` O O +These B-NP B-NP +loans I-NP I-NP +are B-VP B-VP +more B-NP B-NP +of B-PP B-PP +a B-NP B-NP +focus I-NP I-NP +than B-PP B-PP +lesser-developed-country B-NP B-NP +debt I-NP I-NP +now B-ADVP B-ADVP +, O O +'' O O +said B-VP B-VP +William B-NP B-NP +Bee I-NP I-NP +, O O +senior B-NP B-NP +block I-NP I-NP +trader I-NP I-NP +at B-PP B-PP +Prudential-Bache B-NP B-NP +Securities I-NP I-NP +. O O + +Chase B-NP B-NP +Manhattan I-NP I-NP +, O O +which B-NP B-NP +sold B-VP B-VP +14 B-NP B-NP +million I-NP I-NP +additional I-NP I-NP +shares I-NP I-NP +at B-PP B-PP +40 B-NP B-NP +1\/8 I-NP I-NP +Monday B-NP B-NP +through B-PP B-PP +an B-NP B-NP +underwriting I-NP I-NP +group I-NP I-NP +led B-VP B-VP +by B-PP B-PP +Goldman B-NP B-NP +Sachs I-NP I-NP +, O O +closed B-VP B-VP +down B-ADVP B-ADVP +1\/8 B-NP B-NP +to B-PP B-PP +40 B-NP B-NP +. O O + +Citicorp B-NP B-NP +fell B-VP B-VP +1\/2 B-NP B-NP +to B-PP B-PP +32 B-NP B-NP +, O O +and O O +Manufacturers B-NP B-NP +Hanover I-NP I-NP +slipped B-VP B-VP +3\/8 B-NP B-NP +to B-PP B-PP +40 B-NP B-NP +1\/4 I-NP I-NP +. O O + +Chase B-NP B-NP +and O O +Citicorp B-NP B-NP +'s B-NP B-NP +Citibank I-NP I-NP +are B-VP B-VP +involved I-VP I-VP +in B-PP B-PP +the B-NP B-NP +UAL I-NP I-NP +buy-out I-NP I-NP +financing I-NP I-NP +. O O + +Both B-NP B-NP +Citicorp B-NP I-NP +and O I-NP +Manufacturers B-NP I-NP +Hanover I-NP I-NP +reported B-VP B-VP +earnings B-NP B-NP +yesterday B-NP B-NP +. O O + +In B-PP B-PP +the B-NP B-NP +first I-NP I-NP +hour I-NP I-NP +of B-PP B-PP +trading B-NP B-NP +, O O +about B-NP B-NP +one I-NP I-NP +million I-NP I-NP +shares I-NP I-NP +a B-NP B-NP +minute I-NP I-NP +changed B-VP B-VP +hands B-NP B-NP +on B-PP B-PP +the B-NP B-NP +Big I-NP I-NP +Board I-NP I-NP +as B-SBAR B-SBAR +big B-NP B-NP +stock-index I-NP I-NP +arbitrage I-NP I-NP +sell I-NP I-NP +programs I-NP I-NP +pushed B-VP B-VP +prices B-NP B-NP +lower B-ADJP B-ADVP +. O O + +-LRB- O O +In B-PP B-PP +stock-index B-NP B-NP +arbitrage I-NP I-NP +, O O +traders B-NP B-NP +buy B-VP B-VP +or I-VP I-VP +sell I-VP I-VP +big B-NP B-NP +baskets I-NP I-NP +of B-PP B-PP +stocks B-NP B-NP +against B-PP B-PP +offsetting B-NP B-NP +positions I-NP I-NP +in B-PP B-PP +futures B-NP B-NP +. O O +-RRB- O O + +Traders B-NP B-NP +said B-VP B-VP +many B-NP B-NP +of B-PP B-PP +the B-NP B-NP +sell I-NP I-NP +programs I-NP I-NP +are B-VP B-VP +positions B-NP B-NP +being B-VP B-VP +established I-VP I-VP +ahead B-ADVP B-ADVP +of B-PP B-PP +this B-NP B-NP +Friday I-NP I-NP +'s B-NP B-NP +expiration I-NP I-NP +. O O + +Aside B-ADVP B-ADVP +from B-PP B-PP +computer-guided B-NP B-NP +selling I-NP I-NP +, O O +airline B-NP B-NP +stocks I-NP I-NP +took B-VP B-VP +a B-NP B-NP +beating I-NP I-NP +as B-ADVP B-ADVP +well I-ADVP I-ADVP +. O O + +The B-NP B-NP +Dow I-NP I-NP +Jones I-NP I-NP +Transportation I-NP I-NP +Average I-NP I-NP +fell B-VP B-VP +49.96 B-NP B-NP +to B-VP B-VP +close I-VP I-VP +at B-PP B-PP +1254.27 B-NP B-NP +. O O + +AMR B-NP B-NP +, O O +the B-NP B-NP +parent I-NP I-NP +of B-PP B-PP +American B-NP B-NP +Airlines I-NP I-NP +, O O +continued B-VP B-VP +to I-VP I-VP +retreat I-VP I-VP +in B-PP B-PP +the B-NP B-NP +wake I-NP I-NP +of B-PP B-PP +New B-NP B-NP +York I-NP I-NP +developer I-NP I-NP +Donald I-NP I-NP +Trump I-NP I-NP +'s B-NP B-NP +decision I-NP I-NP +to B-VP B-VP +withdraw I-VP I-VP +his B-NP B-NP +$ I-NP I-NP +120-a-share I-NP I-NP +takeover I-NP I-NP +bid I-NP I-NP +. O O + +The B-NP B-NP +stock I-NP I-NP +fell B-VP B-VP +3 B-NP B-NP +1\/4 I-NP I-NP +to B-PP B-PP +73 B-NP B-NP +1\/4 I-NP I-NP +on B-PP B-PP +3.4 B-NP B-NP +million I-NP I-NP +shares I-NP I-NP +. O O + +Delta B-NP B-NP +Air I-NP I-NP +Lines I-NP I-NP +fell B-VP B-VP +1 B-NP B-NP +7\/8 I-NP I-NP +to B-PP B-PP +67 B-NP B-NP +7\/8 I-NP I-NP +, O O +USAir B-NP B-NP +Group I-NP I-NP +dropped B-VP B-VP +3\/4 B-NP B-NP +to B-PP B-PP +40 B-NP B-NP +1\/4 I-NP I-NP +, O O +Southwest B-NP B-NP +Airlines I-NP I-NP +dipped B-VP B-VP +1\/2 B-NP B-NP +to B-PP B-PP +25 B-NP B-NP +and O O +Alaska B-NP B-NP +Air I-NP I-NP +Group I-NP I-NP +slid B-VP B-VP +3\/8 B-NP B-NP +to B-PP B-PP +24 B-NP B-NP +1\/4 I-NP I-NP +. O O + +But O O +Texas B-NP B-NP +Air I-NP I-NP +, O O +the B-NP B-NP +owner I-NP I-NP +of B-PP B-PP +Continental B-NP B-NP +and O O +Eastern B-NP B-NP +airlines I-NP I-NP +, O O +bucked B-VP B-VP +the B-NP B-NP +group I-NP I-NP +'s B-NP B-NP +decline I-NP I-NP +by B-PP B-PP +rising B-VP B-VP +7\/8 B-NP B-NP +to B-PP B-PP +14 B-NP B-NP +5\/8 I-NP I-NP +in B-PP B-PP +American B-NP B-NP +Stock I-NP I-NP +Exchange I-NP I-NP +trading I-NP I-NP +. O O + +Eastern B-NP B-NP +said B-VP B-VP +it B-NP B-NP +is B-VP B-VP +ahead B-ADJP B-ADVP +of B-PP B-PP +schedule B-NP B-NP +in B-PP B-PP +resuming B-VP B-VP +its B-NP B-NP +operations I-NP I-NP +after B-PP B-PP +filing B-VP B-VP +earlier B-ADVP B-NP +this B-NP I-NP +year I-NP I-NP +for B-PP B-PP +Chapter B-NP B-NP +11 I-NP I-NP +bankruptcy I-NP I-NP +protection I-NP I-NP +, O O +from B-PP B-PP +which B-NP B-NP +it B-NP B-NP +expects B-VP B-VP +to I-VP I-VP +emerge I-VP I-VP +early B-NP B-NP +next I-NP I-NP +year I-NP I-NP +. O O + +Philip B-NP B-NP +Morris I-NP I-NP +, O O +the B-NP B-NP +most I-NP I-NP +active I-NP I-NP +Big I-NP I-NP +Board I-NP I-NP +issue I-NP I-NP +for B-PP B-PP +the B-NP B-NP +second I-NP I-NP +consecutive I-NP I-NP +session I-NP I-NP +, O O +was B-VP B-VP +unchanged B-ADJP B-ADJP +at B-PP B-PP +43 B-NP B-NP +1\/4 I-NP I-NP +on B-PP B-PP +3.9 B-NP B-NP +million I-NP I-NP +shares I-NP I-NP +. O O + +Other B-NP B-NP +blue-chip I-NP I-NP +consumer I-NP I-NP +issues I-NP I-NP +also B-ADVP B-ADVP +fared B-VP B-VP +relatively B-ADVP B-ADVP +well I-ADVP I-ADVP +: O O +PepsiCo B-NP B-NP +rose B-VP B-VP +1 B-NP B-NP +3\/8 I-NP I-NP +to B-PP B-PP +58 B-NP B-NP +1\/2 I-NP I-NP +; O O +Coca-Cola B-NP B-NP +Co. I-NP I-NP +was B-VP B-VP +unchanged B-ADJP B-ADJP +at B-PP B-PP +66 B-NP B-NP +3\/4 I-NP I-NP +; O O +McDonald B-NP B-NP +'s B-NP B-NP +also B-ADVP B-ADVP +closed B-VP B-VP +unchanged B-ADJP B-ADJP +at B-PP B-PP +30 B-NP B-NP +1\/2 I-NP I-NP +, O O +and O O +Merck B-NP B-NP +rose B-VP B-VP +1\/2 B-NP B-NP +to B-PP B-PP +75 B-NP B-NP +1\/4 I-NP I-NP +. O O + +Broader B-NP B-NP +averages I-NP I-NP +also B-ADVP B-ADVP +fell B-VP B-VP +. O O + +Standard B-NP B-NP +& I-NP I-NP +Poor I-NP I-NP +'s I-NP B-NP +500-stock I-NP I-NP +index I-NP I-NP +fell B-VP B-VP +1.69 B-NP B-NP +to B-PP B-PP +341.16 B-NP B-NP +, O O +and O O +the B-NP B-NP +New I-NP I-NP +York I-NP I-NP +Stock I-NP I-NP +Exchange I-NP I-NP +Composite I-NP I-NP +Index I-NP I-NP +fell B-VP B-VP +0.88 B-NP B-NP +to B-PP B-PP +188.89 B-NP B-NP +. O O + +Among B-PP B-PP +the B-NP B-NP +takeover-related I-NP I-NP +stocks I-NP I-NP +that B-NP B-NP +sold B-VP B-VP +off O B-PRT +yesterday B-NP B-NP +were B-VP B-VP +Disney B-NP B-NP +, O O +which B-NP B-NP +closed B-VP B-VP +down B-ADVP B-ADVP +2 B-NP B-NP +1\/8 I-NP I-NP +to B-PP B-PP +121 B-NP B-NP +1\/4 I-NP I-NP +. O O + +Philips B-NP B-NP +Industries I-NP I-NP +tumbled B-VP B-VP +3\/8 B-NP B-NP +to B-PP B-PP +22 B-NP B-NP +7\/8 I-NP I-NP +; O O +Hilton B-NP B-NP +Hotels I-NP I-NP +fell B-VP B-VP +2 B-NP B-NP +1\/2 I-NP I-NP +to B-PP B-PP +92 B-NP B-NP +and O O +Holiday B-NP B-NP +Corp. I-NP I-NP +fell B-VP B-VP +2 B-NP B-NP +1\/8 I-NP I-NP +to B-PP B-PP +69 B-NP B-NP +7\/8 I-NP I-NP +. O O + +Among B-PP B-PP +other B-NP B-NP +blue I-NP I-NP +chips I-NP I-NP +, O O +Exxon B-NP B-NP +gained B-VP B-VP +1\/8 B-NP B-NP +to B-PP B-PP +45 B-NP B-NP +1\/2 I-NP I-NP +. O O + +International B-NP B-NP +Paper I-NP I-NP +fell B-VP B-VP +1 B-NP B-NP +3\/8 I-NP I-NP +to B-PP B-PP +51 B-NP B-NP +1\/2 I-NP I-NP +, O O +Union B-NP B-NP +Carbide I-NP I-NP +eased B-VP B-VP +7\/8 B-NP B-NP +to B-PP B-PP +25 B-NP B-NP +, O O +Chevron B-NP B-NP +gained B-VP B-VP +1\/8 B-NP B-NP +to B-PP B-PP +64 B-NP B-NP +, O O +and O O +Eastman B-NP B-NP +Kodak I-NP I-NP +closed B-VP B-VP +down B-ADVP B-ADVP +3\/4 B-NP B-NP +to B-PP B-PP +44 B-NP B-NP +1\/4 I-NP I-NP +. O O + +The B-NP B-NP +only I-NP I-NP +industry I-NP I-NP +group I-NP I-NP +to B-VP B-VP +show I-VP I-VP +a B-NP B-NP +gain I-NP I-NP +from B-PP B-PP +the B-NP B-NP +industrial I-NP I-NP +average I-NP I-NP +'s B-NP B-NP +record I-NP I-NP +high I-NP B-ADVP +on B-PP B-PP +Oct. B-NP B-NP +9 I-NP I-NP +is B-VP B-VP +restaurants B-NP B-NP +. O O + +Among B-PP B-PP +the B-NP B-NP +three I-NP I-NP +worst-performing I-NP I-NP +groups I-NP I-NP +, O O +with B-PP B-PP +declines B-NP B-NP +of B-PP B-PP +10 B-NP B-NP +% I-NP I-NP +to I-NP I-NP +20 I-NP I-NP +% I-NP I-NP +, O O +are B-VP B-VP +airlines B-NP B-NP +, O O +casinos B-NP B-NP +and O O +securities B-NP B-NP +brokers I-NP I-NP +. O O + +Trading B-NP B-NP +also B-ADVP B-ADVP +was B-VP B-VP +heavy B-ADJP B-ADJP +in B-PP B-PP +the B-NP B-NP +over-the-counter I-NP I-NP +market I-NP I-NP +. O O + +The B-NP B-NP +Nasdaq I-NP I-NP +composite I-NP I-NP +index I-NP I-NP +closed B-VP B-VP +down B-ADVP B-ADVP +1.05 B-NP B-NP +to B-PP B-PP +459.93 B-NP B-NP +on B-PP B-PP +volume B-NP B-NP +of B-PP B-PP +161.5 B-NP B-NP +million I-NP I-NP +shares I-NP I-NP +. O O + +`` O O +The B-NP B-NP +environment I-NP I-NP +is B-VP B-VP +a B-NP B-NP +lot I-NP I-NP +more B-ADJP B-ADJP +trading-oriented I-ADJP I-ADJP +, O O +'' O O +said B-VP B-VP +Gary B-NP B-NP +Rosenbach I-NP I-NP +, O O +manager B-NP B-NP +of B-PP B-PP +equity B-NP B-NP +trading I-NP I-NP +at B-PP B-PP +the B-NP B-NP +OTC I-NP I-NP +stock I-NP I-NP +firm I-NP I-NP +Needham I-NP I-NP +& I-NP I-NP +Co. I-NP I-NP +in B-PP B-PP +New B-NP B-NP +York I-NP I-NP +. O O + +`` O O +Because B-SBAR B-SBAR +there B-NP B-NP +is B-VP B-VP +a B-NP B-NP +lot I-NP I-NP +more B-NP B-NP +volatility I-NP I-NP +now B-ADVP B-ADVP +, O O +if B-SBAR B-SBAR +guys B-NP B-NP +see B-VP B-VP +that B-SBAR B-SBAR +they B-NP B-NP +can B-VP B-VP +make I-VP I-VP +a B-NP B-NP +quick I-NP I-NP +10 I-NP I-NP +% I-NP I-NP +or I-NP I-NP +15 I-NP I-NP +% I-NP I-NP +profit I-NP I-NP +, O O +they B-NP B-NP +'ll B-VP B-VP +take I-VP I-VP +it B-NP B-NP +. O O +'' O O + +Compaq B-NP B-NP +Computer I-NP I-NP +gained B-VP B-VP +2 B-NP B-NP +1\/8 I-NP I-NP +to B-PP B-PP +103 B-NP B-NP +3\/4 I-NP I-NP +on B-PP B-PP +two B-NP B-NP +million I-NP I-NP +shares I-NP I-NP +, O O +reflecting B-VP B-VP +market B-NP B-NP +optimism I-NP I-NP +about B-PP B-PP +the B-NP B-NP +prospects I-NP I-NP +for B-PP B-PP +its B-NP B-NP +newly I-NP I-NP +introduced I-NP I-NP +notebook-sized I-NP I-NP +computer I-NP I-NP +. O O + +B.F. B-NP B-NP +Goodrich I-NP I-NP +dropped B-VP B-VP +1 B-NP B-NP +3\/8 I-NP I-NP +to B-PP B-PP +49 B-NP B-NP +1\/8 I-NP I-NP +. O O + +The B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +third-quarter I-NP I-NP +earnings I-NP I-NP +were B-VP B-VP +below B-PP B-PP +both B-NP B-NP +analysts B-NP I-NP +' B-NP B-NP +forecasts I-NP I-NP +and O O +the B-NP B-NP +year-earlier I-NP I-NP +level I-NP I-NP +. O O + +Blue B-NP B-NP +Arrow I-NP I-NP +added B-VP B-VP +1\/2 B-NP B-NP +to B-PP B-PP +17 B-NP B-NP +1\/4 I-NP I-NP +. O O + +The B-NP B-NP +British I-NP I-NP +company I-NP I-NP +plans B-VP B-VP +to I-VP I-VP +change I-VP I-VP +its B-NP B-NP +name I-NP I-NP +to B-PP B-PP +Manpower B-NP B-NP +, O O +the B-NP B-NP +name I-NP I-NP +of B-PP B-PP +its B-NP B-NP +U.S. I-NP I-NP +unit I-NP I-NP +, O O +and O O +write B-VP B-VP +off B-PRT B-PRT +part B-NP B-NP +of B-PP B-PP +nearly B-NP B-NP +$ I-NP I-NP +1.2 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +good B-NP B-NP +will I-NP I-NP +as B-PP B-PP +a B-NP B-NP +possible I-NP I-NP +prelude I-NP I-NP +to B-PP B-PP +reincorporating B-VP B-VP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +. O O + +Dravo B-NP B-NP +rose B-VP B-VP +5\/8 B-NP B-NP +to B-PP B-PP +16 B-NP B-NP +1\/8 I-NP I-NP +. O O + +Shearson B-NP B-NP +Lehman I-NP I-NP +Hutton I-NP I-NP +began B-VP B-VP +its B-NP B-NP +coverage I-NP I-NP +of B-PP B-PP +the B-NP B-NP +company I-NP I-NP +with B-PP B-PP +favorable B-NP B-NP +ratings I-NP I-NP +. O O + +Intertan B-NP B-NP +jumped B-VP B-VP +2 B-NP B-NP +1\/4 I-NP I-NP +to B-PP B-PP +56 B-NP B-NP +7\/8 I-NP I-NP +. O O + +The B-NP B-NP +company I-NP I-NP +reported B-VP B-VP +that B-SBAR B-SBAR +earnings B-NP B-NP +from B-PP B-PP +operations B-NP B-NP +for B-PP B-PP +the B-NP B-NP +September I-NP I-NP +quarter I-NP I-NP +were B-VP B-VP +up B-ADVP B-ADVP +about B-NP B-NP +25 I-NP I-NP +% I-NP I-NP +from B-PP B-PP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +Bay B-NP B-NP +Financial I-NP I-NP +, O O +which B-NP B-NP +said B-VP B-VP +it B-NP B-NP +may B-VP B-VP +be I-VP I-VP +forced I-VP I-VP +to I-VP I-VP +file I-VP I-VP +under B-PP B-PP +Chapter B-NP B-NP +11 I-NP I-NP +if B-SBAR B-SBAR +it B-NP B-NP +ca B-VP B-VP +n't I-VP I-VP +reach I-VP I-VP +an B-NP B-NP +agreement I-NP I-NP +with B-PP B-PP +its B-NP B-NP +lenders I-NP I-NP +to B-VP B-VP +relieve I-VP I-VP +its B-NP B-NP +debt I-NP I-NP +burden I-NP I-NP +, O O +plunged B-VP B-VP +1 B-NP B-NP +3\/8 I-NP I-NP +to B-PP B-PP +2 B-NP B-NP +1\/8 I-NP I-NP +. O O + +The B-NP B-NP +Amex I-NP I-NP +Market I-NP I-NP +Value I-NP I-NP +Index I-NP I-NP +fell B-VP B-VP +1.25 B-NP B-NP +to B-PP B-PP +375.16 B-NP B-NP +. O O + +Volume B-NP B-NP +totaled B-VP B-VP +16,800,000 B-NP B-NP +shares I-NP I-NP +. O O + +Among B-PP B-PP +active B-NP B-NP +Amex I-NP I-NP +issues I-NP I-NP +, O O +the B-NP B-NP +American I-NP I-NP +depositary I-NP I-NP +receipts I-NP I-NP +of B-PP B-PP +B.A.T B-NP B-NP +Industries I-NP I-NP +fell B-VP B-VP +1\/4 B-NP B-NP +to B-PP B-PP +11 B-NP B-NP +3\/4 I-NP I-NP +on B-PP B-PP +turnover B-NP B-NP +of B-PP B-PP +885,800 B-NP B-NP +. O O + +Investment B-NP B-NP +bankers I-NP I-NP +and O I-NP +retailers B-NP I-NP +said B-VP B-VP +the B-NP B-NP +turmoil I-NP I-NP +on B-PP B-PP +Wall B-NP B-NP +Street I-NP I-NP +may B-VP B-VP +benefit I-VP I-VP +managers B-NP B-NP +who B-NP B-NP +plan B-VP B-VP +to I-VP I-VP +bid I-VP I-VP +for B-PP B-PP +U.S. B-NP B-NP +retailing I-NP I-NP +units I-NP I-NP +of B-PP B-PP +the B-NP B-NP +British I-NP I-NP +firm I-NP I-NP +because B-SBAR B-SBAR +takeover B-NP B-NP +prices I-NP I-NP +may B-VP B-VP +not I-VP I-VP +be I-VP I-VP +as B-ADJP B-ADJP +high I-ADJP I-ADJP +as B-PP B-PP +before B-PP B-PP +the B-NP B-NP +recent I-NP I-NP +correction I-NP I-NP +. O O + +Fruit B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Loom I-NP I-NP +slipped B-VP B-VP +1\/8 B-NP B-NP +to B-PP B-PP +12 B-NP B-NP +3\/8 I-NP I-NP +on B-PP B-PP +501,200 B-NP B-NP +shares I-NP I-NP +. O O + +DWG B-NP B-NP +Corp. I-NP I-NP +jumped B-VP B-VP +1 B-NP B-NP +1\/4 I-NP I-NP +to B-PP B-PP +15 B-NP B-NP +on B-PP B-PP +454,100 B-NP B-NP +shares I-NP I-NP +. O O + +Carnival B-NP B-NP +Cruise I-NP I-NP +Lines I-NP I-NP +Class I-NP I-NP +A I-NP I-NP +dropped B-VP B-VP +1 B-NP B-NP +to B-PP B-PP +21 B-NP B-NP +1\/8 I-NP I-NP +on B-PP B-PP +331,400 B-NP B-NP +shares I-NP I-NP +. O O + +Amex B-NP B-NP +issues I-NP I-NP +with B-PP B-PP +big B-NP B-NP +percentage I-NP I-NP +price I-NP I-NP +gains I-NP I-NP +included B-VP B-VP +two B-NP B-NP +Eastern I-NP I-NP +Air I-NP I-NP +Lines I-NP I-NP +preferred I-NP I-NP +stocks I-NP I-NP +, O O +reacting B-VP B-VP +to B-PP B-PP +the B-NP B-NP +news I-NP I-NP +about B-PP B-PP +improved B-NP B-NP +recovery I-NP I-NP +in B-PP B-PP +flight B-NP B-NP +schedules I-NP I-NP +after B-SBAR B-SBAR +the B-NP B-NP +company I-NP I-NP +filed B-VP B-VP +for B-PP B-PP +bankruptcy B-NP B-NP +protection I-NP I-NP +. O O + +Eastern B-NP B-NP +'s B-NP B-NP +Class I-NP I-NP +F I-NP I-NP +preferred I-NP I-NP +rose B-VP B-VP +12 B-NP B-NP +% I-NP I-NP +, O O +or O O +1 B-NP B-NP +1\/4 I-NP I-NP +, O O +to B-PP B-PP +11 B-NP B-NP +3\/4 I-NP I-NP +; O O +the B-NP B-NP +Class I-NP I-NP +E I-NP I-NP +preferred I-NP I-NP +gained B-VP B-VP +7 B-NP B-NP +% I-NP I-NP +, O O +or O O +5\/8 B-NP B-NP +, O O +to B-PP B-PP +10 B-NP B-NP +1\/4 I-NP I-NP +. O O + +The B-NP B-NP +biggest I-NP I-NP +percentage I-NP I-NP +gainer I-NP I-NP +on B-PP B-PP +the B-NP B-NP +Amex I-NP I-NP +was B-VP B-VP +Enviropact B-NP B-NP +, O O +which B-NP B-NP +jumped B-VP B-VP +23 B-NP B-NP +% I-NP I-NP +, O O +or O O +5\/8 B-NP B-NP +, O O +to B-PP B-PP +3 B-NP B-NP +3\/8 I-NP I-NP +on B-PP B-PP +volume B-NP B-NP +of B-PP B-PP +29,000 B-NP B-NP +shares I-NP I-NP +. O O + +On B-PP B-PP +Monday B-NP B-NP +, O O +the B-NP B-NP +company I-NP I-NP +, O O +a B-NP B-NP +provider I-NP I-NP +of B-PP B-PP +environmental B-NP B-NP +consulting I-NP I-NP +services I-NP I-NP +, O O +reported B-VP B-VP +a B-NP B-NP +wider I-NP I-NP +fiscal I-NP I-NP +fourth-quarter I-NP I-NP +loss I-NP I-NP +and O O +predicted B-VP B-VP +a B-NP B-NP +loss I-NP I-NP +for B-PP B-PP +its B-NP B-NP +fiscal I-NP I-NP +1990 I-NP I-NP +first I-NP I-NP +quarter I-NP I-NP +, O O +but O O +said B-VP B-VP +a B-NP B-NP +profit I-NP I-NP +is B-VP B-VP +expected I-VP I-VP +for B-PP B-PP +all B-NP B-NP +of B-PP B-PP +fiscal B-NP B-NP +1990 I-NP I-NP +. O O + +But O O +its B-NP B-NP +auditor I-NP I-NP +, O O +Ernst B-NP B-NP +& I-NP I-NP +Young I-NP I-NP +, O O +said B-VP B-VP +Enviropact B-NP B-NP +'s B-NP B-NP +financial I-NP I-NP +situation I-NP I-NP +raises B-VP B-VP +`` O O +substantial B-NP B-NP +doubt I-NP I-NP +about B-PP B-PP +its B-NP B-NP +ability I-NP I-NP +to B-VP B-VP +continue I-VP I-VP +as B-PP B-PP +a B-NP B-NP +going I-NP I-NP +concern I-NP I-NP +. O O +'' O O + +Mission B-NP B-NP +Resource I-NP I-NP +Partners I-NP I-NP +advanced B-VP B-VP +8 B-NP B-NP +% I-NP I-NP +, O O +or O O +1 B-NP B-NP +3\/8 I-NP I-NP +, O O +to B-PP B-PP +18 B-NP B-NP +7\/8 I-NP I-NP +. O O + +Sonja B-NP B-NP +Steptoe I-NP I-NP +and O O +David B-NP B-NP +Wilson I-NP I-NP +contributed B-VP B-VP +to B-PP B-PP +this B-NP B-NP +article I-NP I-NP +. O O + +ONE B-NP B-NP +LIBERTY I-NP I-NP +PROPERTIES I-NP I-NP +Inc. I-NP I-NP +declared B-VP B-VP +a B-NP B-NP +dividend I-NP I-NP +of B-PP B-PP +40 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +on B-PP B-PP +its B-NP B-NP +$ I-NP I-NP +16.50 I-NP I-NP +cumulative I-NP I-NP +convertible I-NP I-NP +preferred I-NP I-NP +stock I-NP I-NP +, O O +payable B-ADJP B-ADJP +Jan. B-NP B-NP +2 I-NP I-NP +to B-PP B-PP +stock B-NP B-NP +of B-PP B-PP +record B-NP B-NP +Dec. B-NP B-NP +8 I-NP I-NP +. O O + +But O O +directors B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Great I-NP I-NP +Neck I-NP I-NP +, I-NP I-NP +N.Y. I-NP I-NP +, I-NP I-NP +real I-NP I-NP +estate I-NP I-NP +investment I-NP I-NP +trust I-NP I-NP +did B-VP B-VP +n't I-VP I-VP +act I-VP I-VP +on B-PP B-PP +the B-NP B-NP +common I-NP I-NP +stock I-NP I-NP +dividend I-NP I-NP +. O O + +And O O +they B-NP B-NP +wo B-VP B-VP +n't I-VP I-VP +consider I-VP I-VP +such B-NP B-NP +a I-NP I-NP +dividend I-NP I-NP +, O O +the B-NP B-NP +trust I-NP I-NP +added B-VP B-VP +, O O +before B-SBAR B-SBAR +results B-NP B-NP +are B-VP B-VP +available B-ADJP B-ADJP +for B-PP B-PP +the B-NP B-NP +first I-NP I-NP +quarter I-NP I-NP +of B-PP B-PP +1990 B-NP B-NP +. O O + +In B-PP B-PP +part B-NP B-NP +, O O +the B-NP B-NP +trust I-NP I-NP +cited B-VP B-VP +the B-NP B-NP +need I-NP I-NP +to B-VP B-VP +retain I-VP I-VP +cash B-NP B-NP +for B-PP B-PP +possible B-NP B-NP +acquisitions I-NP I-NP +. O O + +According B-PP B-PP +to B-PP B-PP +a B-NP B-NP +spokesman I-NP I-NP +, O O +One B-NP B-NP +Liberty I-NP I-NP +will B-VP B-VP +have I-VP I-VP +paid I-VP I-VP +out B-PRT B-PRT +as B-PP B-SBAR +dividends B-NP B-VP +the B-NP B-NP +required I-NP I-NP +amount I-NP I-NP +of B-PP B-PP +its B-NP B-NP +taxable I-NP I-NP +income I-NP I-NP +to B-VP B-VP +maintain I-VP I-VP +its B-NP B-NP +legal I-NP I-NP +status I-NP I-NP +as B-PP B-PP +a B-NP B-NP +real I-NP I-NP +estate I-NP I-NP +investment I-NP I-NP +trust I-NP I-NP +. O O + +Banks B-NP B-NP +are B-VP B-VP +continuing I-VP I-VP +to I-VP I-VP +go I-VP I-VP +after B-PP B-PP +individual B-NP B-NP +investors I-NP I-NP +, O O +despite B-PP B-PP +falling B-NP B-NP +interest I-NP I-NP +rates I-NP I-NP +. O O + +Yields B-NP B-NP +on B-PP B-PP +small-denomination B-NP B-NP +certificates I-NP I-NP +of B-PP B-PP +deposit B-NP B-NP +fell B-VP B-VP +at B-PP B-PP +about B-NP B-NP +half I-NP I-NP +the I-NP I-NP +rate I-NP I-NP +of B-PP B-PP +so-called B-NP B-NP +jumbo I-NP I-NP +CDs I-NP I-NP +this B-NP B-NP +week I-NP I-NP +, O O +according B-PP B-PP +to B-PP B-PP +Banxquote B-NP B-NP +Money I-NP I-NP +Markets I-NP I-NP +, O O +an B-NP B-NP +information I-NP I-NP +service I-NP I-NP +based B-VP B-VP +here B-ADVP B-ADVP +. O O + +Investors B-NP B-NP +can B-VP B-VP +get I-VP I-VP +slightly B-NP B-NP +higher I-NP I-NP +yields I-NP I-NP +on B-PP B-PP +deposits B-NP B-NP +below B-PP B-PP +$ B-NP B-NP +50,000 I-NP I-NP +than B-SBAR B-SBAR +they B-NP B-NP +can B-VP B-VP +on B-PP B-PP +deposits B-NP B-NP +of B-PP B-PP +$ B-NP B-NP +90,000 I-NP I-NP +and I-NP I-NP +up I-NP I-NP +. O O + +`` O O +Banks B-NP B-NP +want B-VP B-VP +to I-VP I-VP +remain I-VP I-VP +competitive B-ADJP B-ADJP +, O O +'' O O +said B-VP B-VP +Norberto B-NP B-NP +Mehl I-NP I-NP +, O O +chairman B-NP B-NP +of B-PP B-PP +Banxquote B-NP B-NP +. O O + +`` O O +October B-NP B-NP +is B-VP B-VP +a B-NP B-NP +big I-NP I-NP +rollover I-NP I-NP +month I-NP I-NP +and O O +perhaps B-ADVP B-ADVP +they B-NP B-NP +anticipate B-VP B-VP +greater B-NP B-NP +demand I-NP I-NP +... O O +among B-PP B-PP +people B-NP B-NP +leaving B-VP B-VP +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +. O O +'' O O + +Some B-NP B-NP +bankers I-NP I-NP +are B-VP B-VP +reporting I-VP I-VP +more B-NP B-NP +inquiries I-NP I-NP +than B-PP B-PP +usual B-ADJP B-ADJP +about B-PP B-PP +CDs B-NP B-NP +since B-PP B-PP +Friday B-NP B-NP +. O O + +`` O O +Reports B-NP B-NP +from B-PP B-PP +branches B-NP B-NP +are B-VP B-VP +that B-SBAR B-SBAR +there B-NP B-NP +has B-VP B-VP +been I-VP I-VP +greater B-NP B-NP +interest I-NP I-NP +in B-PP B-PP +the B-NP B-NP +last I-NP I-NP +day I-NP I-NP +or O I-NP +so B-ADVP I-NP +, O O +'' O O +said B-VP B-VP +Steven B-NP B-NP +Braitman I-NP I-NP +, O O +a B-NP B-NP +vice I-NP I-NP +president I-NP I-NP +at B-PP B-PP +Chemical B-NP B-NP +Bank I-NP I-NP +in B-PP B-PP +New B-NP B-NP +York I-NP I-NP +. O O + +Chemical B-NP B-NP +said B-VP B-VP +deposits B-NP B-NP +Monday B-NP B-NP +were B-VP B-VP +about B-NP B-NP +$ I-NP I-NP +5 I-NP I-NP +million I-NP I-NP +higher B-ADJP B-ADJP +than B-PP B-PP +usual B-ADJP B-ADJP +and O O +it B-NP B-NP +expects B-VP B-VP +more B-NP B-NP +activity I-NP I-NP +as B-SBAR B-SBAR +investors B-NP B-NP +receive B-VP B-VP +the B-NP B-NP +proceeds I-NP I-NP +from B-PP B-PP +sales B-NP B-NP +of B-PP B-PP +stock B-NP B-NP +. O O + +`` O O +This B-NP B-NP +is B-VP B-VP +no B-NP B-NP +time I-NP I-NP +to B-VP B-VP +be I-VP I-VP +playing I-VP I-VP +in B-PP B-PP +the B-NP B-NP +street I-NP I-NP +... O O + +the B-NP B-NP +Dow I-NP I-NP +has B-VP B-VP +more B-NP B-NP +ups I-NP I-NP +and I-NP I-NP +downs I-NP I-NP +than B-PP B-PP +an B-NP B-NP +elevator I-NP I-NP +, O O +'' O O +proclaimed B-VP B-VP +an B-NP B-NP +advertisement I-NP I-NP +Monday B-NP B-NP +in B-PP B-PP +New B-NP B-NP +York I-NP I-NP +newspapers I-NP I-NP +, O O +touting B-VP B-VP +Lincoln B-NP B-NP +Savings I-NP I-NP +Bank I-NP I-NP +'s B-NP B-NP +one-year I-NP I-NP +CD I-NP I-NP +. O O + +Harold B-NP B-NP +Jones I-NP I-NP +, O O +Lincoln B-NP B-NP +'s B-NP B-NP +chief I-NP I-NP +retail I-NP I-NP +banking I-NP I-NP +officer I-NP I-NP +, O O +said B-VP B-VP +there B-NP B-NP +has B-VP B-VP +n't I-VP I-VP +yet I-VP I-VP +been I-VP I-VP +`` O O +a B-NP B-NP +discernible I-NP I-NP +response I-NP I-NP +, O O +'' O O +although B-SBAR B-SBAR +the B-NP B-NP +ad I-NP I-NP +included B-VP B-VP +a B-NP B-NP +coupon I-NP I-NP +that B-NP B-NP +could B-VP B-VP +arrive I-VP I-VP +later B-ADVP B-ADVP +in B-PP B-PP +the B-NP B-NP +week I-NP I-NP +. O O + +Friday B-NP B-NP +'s B-NP B-NP +market I-NP I-NP +rout I-NP I-NP +came B-VP B-VP +smack B-ADVP B-NP +in B-PP B-PP +the B-NP B-NP +middle I-NP I-NP +of B-PP B-PP +the B-NP B-NP +heaviest I-NP I-NP +month I-NP I-NP +for B-PP B-PP +CD B-NP B-NP +rollovers I-NP I-NP +, O O +when B-ADVP B-ADVP +a B-NP B-NP +number I-NP I-NP +of B-PP B-PP +banks B-NP B-NP +and I-NP I-NP +thrifts I-NP I-NP +already B-ADVP B-ADVP +have B-VP B-VP +promotions B-NP B-NP +under B-PP B-PP +way B-NP B-NP +. O O + +First B-NP B-NP +National I-NP I-NP +Bank I-NP I-NP +of B-PP B-PP +Boston B-NP B-NP +, O O +for B-PP B-PP +example B-NP B-NP +, O O +is B-VP B-VP +offering I-VP I-VP +certain B-NP B-NP +new I-NP I-NP +depositors I-NP I-NP +an B-NP B-NP +extra I-NP I-NP +quarter I-NP I-NP +of B-PP B-PP +a B-NP B-NP +percentage I-NP I-NP +point I-NP I-NP +on B-PP B-PP +six-month B-NP B-NP +and I-NP I-NP +12-month I-NP I-NP +CDs I-NP I-NP +. O O + +Some B-NP B-NP +banks I-NP I-NP +actually B-ADVP B-ADVP +boosted B-VP B-VP +yields B-NP B-NP +on B-PP B-PP +the B-NP B-NP +shortest I-NP I-NP +term I-NP I-NP +CDs I-NP I-NP +in B-PP B-PP +the B-NP B-NP +latest I-NP I-NP +week I-NP I-NP +. O O + +New B-NP B-NP +York I-NP I-NP +'s B-NP B-NP +Citibank I-NP I-NP +, O O +for B-PP B-PP +instance B-NP B-NP +, O O +increased B-VP B-VP +the B-NP B-NP +yield I-NP I-NP +on B-PP B-PP +small-denomination B-NP B-NP +three-month I-NP I-NP +CDs I-NP I-NP +to B-PP B-PP +8 B-NP B-NP +% I-NP I-NP +from B-PP B-PP +7.9 B-NP B-NP +% I-NP I-NP +. O O + +On B-PP B-PP +average B-NP B-NP +, O O +however B-ADVP B-ADVP +, O O +three-month B-NP B-NP +CDs I-NP I-NP +at B-PP B-PP +major B-NP B-NP +banks I-NP I-NP +are B-VP B-VP +yielding I-VP I-VP +a B-NP B-NP +tenth I-NP I-NP +of B-PP B-PP +a B-NP B-NP +percentage I-NP I-NP +point I-NP I-NP +less B-ADJP B-ADVP +than B-SBAR B-SBAR +they B-NP B-NP +were B-VP B-VP +a B-NP B-NP +week I-NP I-NP +ago B-ADVP B-ADVP +. O O + +Average B-NP B-NP +yields I-NP I-NP +on B-PP B-PP +CDs B-NP B-NP +aimed B-VP B-VP +at B-PP B-PP +individual B-NP B-NP +investors I-NP I-NP +fell B-VP B-VP +less B-ADJP B-NP +than B-PP I-NP +half B-NP I-NP +as I-NP B-ADVP +much I-NP I-ADVP +as B-PP B-PP +yields B-NP B-NP +on B-PP B-PP +Treasury B-NP B-NP +bills I-NP I-NP +sold B-VP B-VP +at B-PP B-PP +Monday B-NP B-NP +'s B-NP B-NP +auction I-NP I-NP +. O O + +Six-month B-NP B-NP +CDs I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +50,000 I-NP I-NP +and B-NP O +less I-NP B-VP +yielded B-VP I-VP +an B-NP B-NP +average I-NP I-NP +8.02 I-NP I-NP +% I-NP I-NP +in B-PP B-PP +the B-NP B-NP +week I-NP I-NP +ended B-VP B-VP +Tuesday B-NP B-NP +, O O +down B-ADVP B-ADVP +from B-PP B-PP +8.10 B-NP B-NP +% I-NP I-NP +, O O +according B-PP B-PP +to B-PP B-PP +Banxquote B-NP B-NP +. O O + +The B-NP B-NP +yield I-NP I-NP +on B-PP B-PP +six-month B-NP B-NP +T-bills I-NP I-NP +fell B-VP B-VP +to B-PP B-PP +7.82 B-NP B-NP +% I-NP I-NP +on B-PP B-PP +Monday B-NP B-NP +, O O +from B-PP B-PP +8.01 B-NP B-NP +% I-NP I-NP +the B-NP B-NP +week I-NP I-NP +before B-ADVP I-NP +. O O + +Meanwhile B-ADVP B-ADVP +, O O +the B-NP B-NP +average I-NP I-NP +yield I-NP I-NP +on B-PP B-PP +six-month B-NP B-NP +CDs I-NP I-NP +of B-PP B-PP +more B-NP B-NP +than I-NP I-NP +$ I-NP I-NP +90,000 I-NP I-NP +fell B-VP B-VP +to B-PP B-PP +7.93 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +the B-NP B-NP +latest I-NP I-NP +week I-NP I-NP +, O O +according B-PP B-PP +to B-PP B-PP +Banxquote B-NP B-NP +, O O +from B-PP B-PP +8.10 B-NP B-NP +% I-NP I-NP +the B-NP B-NP +week I-NP I-NP +before B-ADVP I-NP +. O O + +Mr. B-NP B-NP +Mehl I-NP I-NP +noted B-VP B-VP +that B-SBAR B-SBAR +actual B-NP B-NP +rates I-NP I-NP +are B-VP B-VP +almost B-ADJP B-ADJP +identical I-ADJP I-ADJP +on B-PP B-PP +small B-NP B-NP +and I-NP I-NP +large-denomination I-NP I-NP +CDs I-NP I-NP +, O O +but O O +yields B-NP B-NP +on B-PP B-PP +CDs B-NP B-NP +aimed B-VP B-VP +at B-PP B-PP +the B-NP B-NP +individual I-NP I-NP +investor I-NP I-NP +are B-VP B-VP +boosted I-VP I-VP +by B-PP B-PP +more B-NP B-NP +frequent I-NP I-NP +compounding I-NP I-NP +. O O + +CDs B-NP B-NP +sold B-VP B-VP +by B-PP B-PP +major B-NP B-NP +brokerage I-NP I-NP +houses I-NP I-NP +, O O +which B-NP B-NP +like B-PP B-PP +jumbo B-NP B-NP +CDs I-NP I-NP +tend B-VP B-VP +to I-VP I-VP +closely I-VP I-VP +follow I-VP I-VP +interest B-NP B-NP +rate I-NP I-NP +trends I-NP I-NP +, O O +also B-ADVP B-ADVP +posted B-VP B-VP +larger B-NP B-NP +drops I-NP I-NP +in B-PP B-PP +yields B-NP B-NP +. O O + +A B-NP B-NP +six-month I-NP I-NP +, I-NP I-NP +broker-sold I-NP I-NP +CD I-NP I-NP +, O O +for B-PP B-PP +example B-NP B-NP +, O O +was B-VP B-VP +yielding I-VP I-VP +an B-NP B-NP +average I-NP I-NP +8.09 I-NP I-NP +% I-NP I-NP +in B-PP B-PP +the B-NP B-NP +latest I-NP I-NP +week I-NP I-NP +, O O +a B-NP B-NP +fifth I-NP I-NP +of B-PP B-PP +a B-NP B-NP +percentage I-NP I-NP +point I-NP I-NP +lower B-ADJP B-ADJP +than B-PP B-PP +the B-NP B-NP +week I-NP I-NP +before B-ADVP B-ADVP +. O O + +In B-PP B-PP +late B-NP B-NP +April I-NP I-NP +, O O +when B-ADVP B-ADVP +interest B-NP B-NP +rates I-NP I-NP +were B-VP B-VP +at B-PP B-PP +their B-NP B-NP +recent I-NP I-NP +highs I-NP I-NP +, O O +short-term B-NP B-NP +CDs I-NP I-NP +sold B-VP B-VP +by B-PP B-PP +brokers B-NP B-NP +were B-VP B-VP +offering I-VP I-VP +yields B-NP B-NP +half B-NP B-NP +a I-NP I-NP +percentage I-NP I-NP +point I-NP I-NP +or B-NP O +more I-NP B-ADJP +higher B-ADJP I-ADJP +than B-PP B-PP +banks B-NP B-NP +. O O + +CD B-NP B-NP +yields I-NP I-NP +are B-VP B-VP +generally I-VP I-VP +expected I-VP I-VP +to I-VP I-VP +fall I-VP I-VP +further B-ADVP B-ADVP +in B-PP B-PP +coming B-NP B-NP +weeks I-NP I-NP +. O O + +`` O O +What B-NP B-NP +happened B-VP B-VP +in B-PP B-PP +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +and O O +the B-NP B-NP +bigger I-NP I-NP +trade I-NP I-NP +deficit I-NP I-NP +'' O O +reported B-VP B-VP +yesterday B-NP B-NP +`` O O +make B-VP B-VP +it B-NP B-NP +unlikely B-ADJP B-ADJP +that B-SBAR B-SBAR +short-term B-NP B-NP +interest I-NP I-NP +rates I-NP I-NP +will B-VP B-VP +rise I-VP I-VP +'' O O +any B-NP B-NP +time I-NP I-NP +soon B-ADVP B-ADVP +, O O +said B-VP B-VP +Mr. B-NP B-NP +Mehl I-NP I-NP +of B-PP B-PP +Banxquote B-NP B-NP +. O O + +`` O O +Even B-ADVP B-SBAR +before B-PP I-SBAR +the B-NP B-NP +market I-NP I-NP +drop I-NP I-NP +, O O +rates B-NP B-NP +were B-VP B-VP +down B-ADVP B-ADVP +about B-ADVP B-NP +half I-ADVP I-NP +a B-NP I-NP +percentage I-NP I-NP +point I-NP I-NP +, O O +'' O O +said B-VP B-VP +Robert B-NP B-NP +J. I-NP I-NP +Hutchinson I-NP I-NP +, O O +senior B-NP B-NP +vice I-NP I-NP +president I-NP I-NP +for B-PP B-PP +retail B-NP B-NP +marketing I-NP I-NP +at B-PP B-PP +Manufacturers B-NP B-NP +Hanover I-NP I-NP +Trust I-NP I-NP +Co. I-NP I-NP +in B-PP B-PP +New B-NP B-NP +York I-NP I-NP +. O O + +`` O O +That B-NP B-NP +puts B-VP B-VP +pressure B-NP B-NP +on B-PP B-PP +CD B-NP B-NP +rates I-NP I-NP +. O O + +Conservatives B-NP B-NP +have B-VP B-VP +an B-NP B-NP +important I-NP I-NP +decision I-NP I-NP +to B-VP B-VP +make I-VP I-VP +this B-NP B-NP +fall I-NP I-NP +. O O + +At B-PP B-PP +the B-NP B-NP +recent I-NP I-NP +meetings I-NP I-NP +of B-PP B-PP +the B-NP B-NP +World I-NP I-NP +Bank I-NP I-NP +and I-NP O +International I-NP B-NP +Monetary I-NP I-NP +Fund I-NP I-NP +, O O +the B-NP B-NP +Bush I-NP I-NP +administration I-NP I-NP +announced B-VP B-VP +its B-NP B-NP +intention I-NP I-NP +to B-VP B-VP +decide I-VP I-VP +by B-PP B-PP +yearend B-NP B-NP +the B-NP B-NP +size I-NP I-NP +of B-PP B-PP +the B-NP B-NP +next I-NP I-NP +increase I-NP I-NP +in B-PP B-PP +the B-NP B-NP +IMF I-NP I-NP +'s B-NP B-NP +capital I-NP I-NP +base I-NP I-NP +. O O + +While B-SBAR B-SBAR +the B-NP B-NP +U.S. I-NP I-NP +share I-NP I-NP +of B-PP B-PP +the B-NP B-NP +increase I-NP I-NP +probably B-ADVP B-ADVP +will B-VP B-VP +not I-VP I-VP +reach I-VP I-VP +the B-NP B-NP +$ I-NP I-NP +12 I-NP I-NP +billion I-NP I-NP +or B-NP O +more I-NP B-ADJP +implicit B-ADJP I-ADJP +in B-PP B-PP +the B-NP B-NP +IMF I-NP I-NP +'s B-NP B-NP +request I-NP I-NP +for B-PP B-PP +a B-NP B-NP +doubling I-NP I-NP +of B-PP B-PP +its B-NP B-NP +$ I-NP I-NP +90 I-NP I-NP +billion I-NP I-NP +capital I-NP I-NP +, O O +the B-NP B-NP +administration I-NP I-NP +probably B-ADVP B-ADVP +will B-VP B-VP +agree I-VP I-VP +to B-PP B-PP +a B-NP B-NP +multibillion-dollar I-NP I-NP +increase I-NP I-NP +. O O + +This B-NP B-NP +would B-VP B-VP +be I-VP I-VP +consistent B-ADJP B-ADJP +with B-PP B-PP +its B-NP B-NP +unwavering I-NP I-NP +support I-NP I-NP +for B-PP B-PP +the B-NP B-NP +Brady I-NP I-NP +Plan I-NP I-NP +and O O +G-7 B-NP B-NP +exchange-rate I-NP I-NP +intervention I-NP I-NP +, B-PP B-PP +and I-PP I-PP +with B-PP B-PP +its B-NP B-NP +financial I-NP I-NP +commitment I-NP I-NP +to B-PP B-PP +Mexico B-NP B-NP +, I-NP I-NP +Poland I-NP I-NP +and I-NP I-NP +others I-NP I-NP +. O O + +The B-NP B-NP +IMF I-NP I-NP +has B-VP B-VP +several B-NP B-NP +reasons I-NP I-NP +for B-PP B-PP +requesting B-VP B-VP +the B-NP B-NP +increase I-NP I-NP +. O O + +Its B-NP B-NP +role I-NP I-NP +in B-PP B-PP +the B-NP B-NP +economies I-NP I-NP +of B-PP B-PP +developing B-NP B-NP +countries I-NP I-NP +has B-VP B-VP +grown I-VP I-VP +steadily B-ADVP B-ADVP +since B-PP B-PP +the B-NP B-NP +1970s I-NP I-NP +. O O + +The B-NP B-NP +size I-NP I-NP +and I-NP I-NP +pace I-NP I-NP +of B-PP B-PP +disbursements B-NP B-NP +will B-VP B-VP +accelerate I-VP I-VP +further B-ADVP B-ADVP +under B-PP B-PP +the B-NP B-NP +Brady I-NP I-NP +Plan I-NP I-NP +, O O +which B-NP B-NP +promises B-VP B-VP +larger B-NP B-NP +and I-NP I-NP +earlier I-NP I-NP +disbursements I-NP I-NP +to B-PP B-PP +approved B-NP B-NP +countries I-NP I-NP +. O O + +At B-NP B-NP +least I-NP I-NP +three I-NP I-NP +other I-NP I-NP +factors I-NP I-NP +have B-VP B-VP +encouraged I-VP I-VP +the B-NP B-NP +IMF I-NP I-NP +to B-VP B-VP +insist I-VP I-VP +on B-PP B-PP +increased B-NP B-NP +capital I-NP I-NP +. O O + +First B-LST B-ADVP +, O O +it B-NP B-NP +argues B-VP B-VP +that B-SBAR B-SBAR +its B-NP B-NP +capital I-NP I-NP +base I-NP I-NP +must B-VP B-VP +be I-VP I-VP +increased I-VP I-VP +in B-PP B-SBAR +order B-NP O +to B-VP B-VP +maintain I-VP I-VP +its B-NP B-NP +size I-NP I-NP +relative B-ADJP B-ADVP +to B-PP B-PP +world B-NP B-NP +financial I-NP I-NP +markets I-NP I-NP +, O O +for B-PP B-PP +which B-NP B-NP +it B-NP B-NP +feels B-VP B-VP +some B-NP B-NP +responsibility I-NP I-NP +. O O + +Second B-LST B-ADVP +, O O +the B-NP B-NP +World I-NP I-NP +Bank I-NP I-NP +'s B-NP B-NP +recent O O +$ B-ADJP B-ADJP +75 O O +billion O O +capital B-NP B-NP +increase I-NP I-NP +-- O O +$ B-NP B-NP +14 I-NP I-NP +billion I-NP I-NP +from B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +-- O O +has B-VP B-VP +left I-VP I-VP +the B-NP B-NP +IMF I-NP I-NP +feeling B-VP B-VP +less B-ADJP B-ADVP +than B-PP B-PP +first B-NP B-NP +fiddle I-NP I-NP +among B-PP B-PP +international B-NP B-NP +financial I-NP I-NP +institutions I-NP I-NP +. O O + +Third B-LST B-ADVP +, O O +the B-NP B-NP +IMF I-NP I-NP +would B-VP B-VP +like I-VP I-VP +to I-VP I-VP +meet I-VP I-VP +Japan B-NP B-NP +'s B-NP B-NP +request I-NP I-NP +for B-PP B-PP +increased B-NP B-NP +ownership I-NP I-NP +-LRB- O O +currently B-NP B-ADVP +4.5 I-NP B-NP +% I-NP I-NP +-RRB- O O +. O O + +Japan B-NP B-NP +has B-VP B-VP +supported I-VP I-VP +a B-NP B-NP +larger I-NP I-NP +role I-NP I-NP +for B-PP B-PP +the B-NP B-NP +IMF I-NP I-NP +in B-PP B-PP +developing-country B-NP B-NP +debt I-NP I-NP +issues I-NP I-NP +, O O +and O O +is B-VP B-VP +an B-NP B-NP +important I-NP I-NP +financial I-NP I-NP +resource I-NP I-NP +for B-PP B-PP +IMF-guided B-NP B-NP +programs I-NP I-NP +in B-PP B-PP +developing B-NP B-NP +countries I-NP I-NP +. O O + +While B-SBAR B-SBAR +international B-NP B-NP +politics I-NP I-NP +may B-VP B-VP +argue I-VP I-VP +for B-PP B-PP +the B-NP B-NP +capital I-NP I-NP +increase I-NP I-NP +, O O +there B-NP B-NP +is B-VP B-VP +a B-NP B-NP +clear I-NP I-NP +economic I-NP I-NP +case I-NP I-NP +against B-PP B-PP +it B-NP B-NP +. O O + +Opponents B-NP B-NP +of B-PP B-PP +the B-NP B-NP +increase I-NP I-NP +argue B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +IMF I-NP I-NP +practices B-VP B-VP +central B-NP B-NP +planning I-NP I-NP +while B-SBAR B-SBAR +supporting B-VP B-VP +ineffective B-NP B-NP +governments I-NP I-NP +. O O + +They B-NP B-NP +question B-VP B-VP +whether B-SBAR B-SBAR +the B-NP B-NP +IMF I-NP I-NP +has B-VP B-VP +any B-NP B-NP +role I-NP I-NP +in B-PP B-PP +developing B-NP B-VP +countries I-NP B-NP +, O O +given B-PP B-PP +its B-NP B-NP +original I-NP I-NP +mandate I-NP I-NP +to B-VP B-VP +assist I-VP I-VP +industrial B-NP B-NP +countries I-NP I-NP +in B-PP B-PP +balance-of-payments B-NP B-NP +emergencies I-NP I-NP +. O O + +Opponents B-NP B-NP +show B-VP B-VP +that B-SBAR B-SBAR +there B-NP B-NP +are B-VP B-VP +already B-ADVP B-ADVP +more B-NP B-NP +funds I-NP I-NP +available B-ADJP B-ADJP +than B-PP B-PP +commendable B-NP B-NP +reform I-NP I-NP +efforts I-NP I-NP +. O O + +They B-NP B-NP +worry B-VP B-VP +that O B-SBAR +new B-NP B-NP +IMF I-NP I-NP +funding I-NP I-NP +of B-PP B-PP +developing B-NP B-NP +countries I-NP I-NP +will B-VP B-VP +simply I-VP I-VP +end I-VP I-VP +up B-PRT B-PRT +substituting B-VP B-VP +IMF B-NP B-NP +debt I-NP I-NP +for B-PP B-PP +reschedulable B-NP B-NP +commercial I-NP I-NP +bank I-NP I-NP +debt I-NP I-NP +, O O +a B-NP B-NP +bad I-NP I-NP +trade I-NP I-NP +all B-ADVP B-ADVP +around I-ADVP I-ADVP +. O O + +They B-NP B-NP +believe B-VP B-VP +microeconomics B-NP B-NP +, O O +which B-NP B-NP +addresses B-VP B-VP +the B-NP B-NP +problems I-NP I-NP +of B-PP B-PP +markets B-NP B-NP +, O O +investment B-NP B-NP +climate I-NP I-NP +and O O +management B-NP B-NP +practices I-NP I-NP +, O O +is B-VP B-VP +the B-NP B-NP +key I-NP I-NP +to B-PP B-PP +developing-country B-NP B-NP +growth I-NP I-NP +, B-NP B-NP +not I-NP I-NP +the B-NP B-NP +IMF I-NP I-NP +'s B-NP B-NP +Keynesian I-NP I-NP +focus I-NP I-NP +on B-PP B-PP +trade B-NP B-NP +deficits I-NP I-NP +, O O +quarterly B-NP B-NP +targets I-NP I-NP +and O O +government B-NP B-NP +debt I-NP I-NP +. O O + +They B-NP B-NP +point B-VP B-VP +at B-PP B-PP +the B-NP B-NP +numerous I-NP I-NP +developing-country I-NP I-NP +governments I-NP I-NP +that B-NP B-NP +have B-VP B-VP +inflated I-VP I-VP +, I-VP I-VP +taxed I-VP I-VP +and I-VP O +regulated I-VP B-VP +themselves B-NP B-NP +into B-PP B-PP +despair B-NP B-NP +under B-PP B-PP +successive B-NP B-NP +IMF I-NP I-NP +programs I-NP I-NP +. O O + +Decisions B-NP B-NP +on B-PP B-PP +increases B-NP B-NP +in B-PP B-PP +the B-NP B-NP +IMF I-NP I-NP +'s B-NP B-NP +capital I-NP I-NP +base I-NP I-NP +traditionally B-ADVP B-ADVP +are B-VP B-VP +made I-VP I-VP +by B-PP B-PP +the B-NP B-NP +administration I-NP I-NP +, O O +with B-PP B-PP +subsequent B-NP B-NP +authorization B-NP I-NP +by B-PP B-PP +Congress B-NP B-NP +. O O + +The B-NP B-NP +last I-NP I-NP +U.S. I-NP I-NP +congressional I-NP I-NP +authorization I-NP I-NP +, O O +in B-PP B-PP +1983 B-NP B-NP +, O O +was B-VP B-VP +a B-NP B-NP +political I-NP I-NP +donnybrook I-NP I-NP +and O O +carried B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +6 I-NP I-NP +billion I-NP I-NP +housing I-NP I-NP +program I-NP I-NP +along B-ADVP B-PP +with B-PP B-PP +it B-NP B-NP +to B-VP B-VP +secure I-VP I-VP +adequate B-NP B-NP +votes I-NP I-NP +. O O + +The B-NP B-NP +politics I-NP I-NP +of B-PP B-PP +the B-NP B-NP +1990 I-NP I-NP +congressional I-NP I-NP +authorization I-NP I-NP +are B-VP B-VP +likely B-ADJP B-ADJP +to B-VP B-VP +be I-VP I-VP +similar B-ADJP B-ADJP +to B-PP B-PP +those B-NP B-NP +of B-PP B-PP +previous B-NP B-NP +authorizations I-NP I-NP +. O O + +Liberals B-NP B-NP +may B-VP B-VP +support I-VP I-VP +the B-NP B-NP +stabilizing I-NP I-NP +, I-NP I-NP +quasi-governmental I-NP I-NP +role I-NP I-NP +of B-PP B-PP +the B-NP B-NP +IMF I-NP I-NP +on B-PP B-PP +two B-NP B-NP +conditions I-NP I-NP +: O O +that B-SBAR B-SBAR +the B-NP B-NP +administration I-NP I-NP +give B-VP B-VP +assurances B-NP B-NP +that B-SBAR B-SBAR +liberal B-NP B-NP +Democrats I-NP I-NP +' B-NP B-NP +support I-NP I-NP +will B-VP B-VP +not I-VP I-VP +be I-VP I-VP +used I-VP I-VP +against B-PP B-PP +them B-NP B-NP +in B-PP B-PP +congressional B-NP B-NP +re-election I-NP I-NP +campaigns I-NP I-NP +; O O +and O O +that B-SBAR B-SBAR +the B-NP B-NP +legislation I-NP I-NP +address B-VP B-VP +-- O O +with B-PP B-PP +dollars B-NP B-NP +-- O O +social B-NP B-NP +and I-NP I-NP +environmental I-NP I-NP +concerns I-NP I-NP +. O O + +Conservative B-NP B-NP +Republicans I-NP I-NP +will B-VP B-VP +be I-VP I-VP +given I-VP I-VP +the B-NP B-NP +choice I-NP I-NP +of B-PP B-PP +supporting B-VP B-VP +or I-VP I-VP +fighting I-VP I-VP +their B-NP B-NP +party I-NP I-NP +'s B-NP B-NP +popular I-NP I-NP +president I-NP I-NP +in B-PP B-PP +an B-NP B-NP +election I-NP I-NP +year I-NP I-NP +. O O + +A B-NP B-NP +U.S. I-NP I-NP +decision I-NP I-NP +to B-VP B-VP +refuse I-VP I-VP +the B-NP B-NP +IMF I-NP I-NP +its B-NP B-NP +capital I-NP I-NP +increase I-NP I-NP +, O O +or O O +limit B-VP B-VP +it B-NP B-NP +to B-PP B-PP +25 B-NP B-NP +% I-NP I-NP +, O O +would B-VP B-VP +bring I-VP I-VP +a B-NP B-NP +major I-NP I-NP +change I-NP I-NP +in B-PP B-PP +international B-NP B-NP +economic I-NP I-NP +policy I-NP I-NP +, O O +and O O +could B-VP B-VP +not I-VP I-VP +be I-VP I-VP +taken I-VP I-VP +lightly B-ADVP B-ADVP +. O O + +Commentators B-NP B-NP +would B-VP B-VP +fret I-VP I-VP +over B-PP B-PP +the B-NP B-NP +implications I-NP I-NP +for B-PP B-PP +the B-NP B-NP +G-7 I-NP I-NP +coordination I-NP I-NP +process I-NP I-NP +and O O +the B-NP B-NP +stability I-NP I-NP +of B-PP B-PP +world B-NP B-NP +financial I-NP I-NP +markets I-NP I-NP +. O O + +Because B-SBAR B-SBAR +commercial B-NP B-NP +banks I-NP I-NP +and O O +the B-NP B-NP +developing-country I-NP I-NP +governments I-NP I-NP +believe B-VP B-VP +they B-NP B-NP +will B-VP B-VP +get I-VP I-VP +a B-NP B-NP +piece I-NP I-NP +of B-PP B-PP +any B-NP B-NP +capital I-NP I-NP +increase I-NP I-NP +, O O +a B-NP B-NP +scaled-down I-NP I-NP +IMF I-NP I-NP +mission I-NP I-NP +would B-VP B-VP +leave I-VP I-VP +both B-NP B-NP +feeling B-VP B-VP +shortchanged B-ADJP B-ADJP +. O O + +Furthermore B-ADVP B-ADVP +, O O +a B-NP B-NP +U.S. I-NP I-NP +rejection I-NP I-NP +of B-PP B-PP +the B-NP B-NP +capital I-NP I-NP +increase I-NP I-NP +-LRB- O O +and O O +transfer B-NP B-NP +of B-PP B-PP +shares B-NP B-NP +to B-PP B-PP +Japan B-NP B-NP +-RRB- O O +would B-VP B-VP +give I-VP I-VP +Japan B-NP B-NP +an B-NP B-NP +argument I-NP I-NP +against B-PP B-PP +future B-NP B-NP +calls I-NP I-NP +for B-PP B-PP +economic B-NP B-NP +burden-sharing I-NP I-NP +. O O + +On B-PP B-PP +the B-NP B-NP +other I-NP I-NP +hand I-NP I-NP +, O O +a B-NP B-NP +decision I-NP I-NP +to B-VP B-VP +increase I-VP I-VP +the B-NP B-NP +IMF I-NP I-NP +'s B-NP B-NP +capital I-NP I-NP +would B-VP B-VP +reinforce I-VP I-VP +the B-NP B-NP +central I-NP I-NP +economic I-NP I-NP +role I-NP I-NP +of B-PP B-PP +multilateral B-NP B-NP +institutions I-NP I-NP +in B-PP B-PP +developing B-NP B-NP +countries I-NP I-NP +. O O + +With B-PP B-PP +the B-NP B-NP +increase I-NP I-NP +, O O +even B-NP B-NP +more I-NP I-NP +developing-country I-NP I-NP +energy I-NP I-NP +and I-NP I-NP +talent I-NP I-NP +would B-VP B-VP +be I-VP I-VP +diverted I-VP I-VP +from B-PP B-PP +creating B-VP B-VP +profitable B-NP B-NP +economic I-NP I-NP +systems I-NP I-NP +to B-PP B-PP +setting B-VP B-VP +up B-PRT B-PRT +economic B-NP B-NP +planning I-NP I-NP +ministries I-NP I-NP +that B-NP B-NP +generate B-VP B-VP +IMF-approved B-NP B-NP +economic I-NP I-NP +plans I-NP I-NP +. O O + +Upping B-VP B-VP +the B-NP B-NP +ante I-NP I-NP +could B-VP B-VP +slow I-VP I-VP +economic B-NP B-NP +development I-NP I-NP +even B-ADVP B-ADVP +further I-ADVP I-ADVP +, O O +as B-SBAR B-SBAR +countries B-NP B-NP +delay B-VP B-VP +market-opening B-NP B-NP +steps I-NP I-NP +in B-PP B-PP +anticipation B-NP B-NP +of B-PP B-PP +richer B-NP B-NP +multilateral I-NP I-NP +support I-NP I-NP +. O O + +Conservatives B-NP B-NP +should B-VP B-VP +take I-VP I-VP +a B-NP B-NP +position I-NP I-NP +prior B-PP B-ADVP +to B-PP B-PP +the B-NP B-NP +administration I-NP I-NP +'s B-NP B-NP +year-end I-NP I-NP +deadline I-NP I-NP +. O O + +The B-NP B-NP +issues I-NP I-NP +are B-VP B-VP +too B-ADJP B-ADJP +important I-ADJP I-ADJP +to B-VP B-VP +be I-VP I-VP +left I-VP I-VP +to B-PP B-PP +the B-NP B-NP +financial I-NP I-NP +and I-NP I-NP +budget I-NP I-NP +ministries I-NP I-NP +fighting B-VP B-VP +over B-PP B-PP +the B-NP B-NP +size I-NP I-NP +of B-PP B-PP +the B-NP B-NP +capital I-NP I-NP +increase I-NP I-NP +, O O +rather B-PP B-CONJP +than I-PP I-CONJP +its B-NP B-NP +purpose I-NP I-NP +. O O + +If B-SBAR B-SBAR +conservatives B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +support I-VP I-VP +an B-NP B-NP +increase I-NP I-NP +in B-PP B-PP +the B-NP B-NP +IMF I-NP I-NP +'s B-NP B-NP +capital I-NP I-NP +, O O +then B-ADVP B-ADVP +it B-NP B-NP +is B-VP B-VP +incumbent B-ADJP B-ADJP +on B-PP B-PP +them B-NP B-NP +to O B-VP +speak B-VP I-VP +up B-PRT B-PRT +now B-ADVP B-ADVP +and O O +explain B-VP B-VP +the B-NP B-NP +alternative I-NP I-NP +. O O + +Mr. B-NP B-NP +Malpass I-NP I-NP +directs B-VP B-VP +the B-NP B-NP +Republican I-NP I-NP +staff I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Joint I-NP I-NP +Economic I-NP I-NP +Committee I-NP I-NP +of B-PP B-PP +Congress B-NP B-NP +. O O + +The B-NP B-NP +Chicago I-NP I-NP +Mercantile I-NP I-NP +Exchange I-NP I-NP +fined B-VP B-VP +and I-VP I-VP +suspended I-VP I-VP +two B-NP B-NP +commodities I-NP I-NP +traders I-NP I-NP +accused B-VP B-VP +of B-PP B-PP +making B-VP B-VP +prearranged B-NP B-NP +trades I-NP I-NP +with B-PP B-PP +each B-NP B-NP +other I-NP I-NP +that B-NP B-NP +allegedly B-ADVP B-ADVP +cheated B-VP B-VP +a B-NP B-NP +customer I-NP I-NP +. O O + +Merc B-NP B-NP +officials I-NP I-NP +said B-VP B-VP +Gary B-NP B-NP +N. I-NP I-NP +Roberts I-NP I-NP +was B-VP B-VP +disciplined I-VP I-VP +following B-PP B-PP +the B-NP B-NP +exchange I-NP I-NP +'s B-NP B-NP +investigation I-NP I-NP +of B-PP B-PP +his B-NP B-NP +trading I-NP I-NP +in B-PP B-PP +several B-NP B-NP +commodities I-NP I-NP +pits I-NP I-NP +from B-PP B-PP +July B-NP B-NP +to B-PP B-PP +November B-NP B-NP +1988 I-NP I-NP +. O O + +The B-NP B-NP +Merc I-NP I-NP +said B-VP B-VP +Mr. B-NP B-NP +Roberts I-NP I-NP +withheld B-VP B-VP +from B-PP B-PP +the B-NP B-NP +market I-NP I-NP +certain B-NP B-NP +orders I-NP I-NP +in B-PP B-PP +cooperation B-NP B-NP +with B-PP B-PP +another B-NP B-NP +trader I-NP I-NP +, O O +David B-NP B-NP +Stein I-NP I-NP +. O O + +The B-NP B-NP +Merc I-NP I-NP +fined B-VP B-VP +Mr. B-NP B-NP +Roberts I-NP I-NP +$ B-NP B-NP +15,000 I-NP I-NP +and O O +suspended B-VP B-VP +his B-NP B-NP +trading I-NP I-NP +membership I-NP I-NP +for B-PP B-PP +three B-NP B-NP +years I-NP I-NP +. O O + +Also B-ADVP B-ADVP +, O O +he B-NP B-NP +and O O +Mr. B-NP B-NP +Stein I-NP I-NP +were B-VP B-VP +ordered I-VP I-VP +to I-VP I-VP +make I-VP I-VP +restitution B-NP B-NP +of B-PP B-PP +$ B-NP B-NP +35,000 I-NP I-NP +to B-PP B-PP +a B-NP B-NP +customer I-NP I-NP +. O O + +Mr. B-NP B-NP +Stein I-NP I-NP +was B-VP B-VP +fined I-VP I-VP +$ B-NP B-NP +25,000 I-NP I-NP +and O O +suspended B-VP B-VP +for B-PP B-PP +three B-NP B-NP +years I-NP I-NP +. O O + +Messrs. B-NP B-NP +Roberts I-NP I-NP +and I-NP I-NP +Stein I-NP I-NP +could B-VP B-VP +n't I-VP I-VP +be I-VP I-VP +reached I-VP I-VP +for B-PP B-PP +comment B-NP B-NP +. O O + +The B-NP B-NP +Merc I-NP I-NP +said B-VP B-VP +that B-SBAR B-SBAR +as B-PP B-PP +part B-NP B-NP +of B-PP B-PP +the B-NP B-NP +disciplinary I-NP I-NP +settlement I-NP I-NP +, O O +neither B-NP B-NP +man I-NP I-NP +admitted B-VP B-VP +, I-VP O +nor I-VP O +denied I-VP B-VP +the B-NP B-NP +alleged I-NP I-NP +violations I-NP I-NP +. O O + +Neither B-NP B-NP +was B-VP B-VP +among B-PP B-PP +the B-NP B-NP +46 I-NP I-NP +traders I-NP I-NP +indicted B-VP B-VP +last B-NP B-NP +August I-NP I-NP +in B-PP B-PP +a B-NP B-NP +federal I-NP I-NP +investigation I-NP I-NP +of B-PP B-PP +traders B-NP B-NP +at B-PP B-PP +both O B-NP +the B-NP B-NP +Merc I-NP I-NP +and O O +the B-NP B-NP +Chicago I-NP I-NP +Board I-NP I-NP +of B-PP B-PP +Trade B-NP B-NP +. O O + +In B-PP B-PP +a B-NP B-NP +move I-NP I-NP +that B-NP B-NP +could B-VP B-VP +pose I-VP I-VP +a B-NP B-NP +new I-NP I-NP +competitive I-NP I-NP +challenge I-NP I-NP +to B-PP B-PP +Time B-NP B-NP +Warner I-NP I-NP +Inc. I-NP I-NP +'s B-NP B-NP +powerful I-NP I-NP +Home I-NP I-NP +Box I-NP I-NP +Office I-NP I-NP +, O O +cable B-NP B-NP +giant I-NP I-NP +Tele-Communications I-NP I-NP +Inc. I-NP I-NP +agreed B-VP B-VP +to I-VP I-VP +buy I-VP I-VP +half B-NP B-NP +of B-PP B-PP +Showtime B-NP B-NP +Networks I-NP I-NP +Inc. I-NP I-NP +from B-PP B-PP +Viacom B-NP B-NP +Inc. I-NP I-NP +for B-PP B-PP +$ B-NP B-NP +225 I-NP I-NP +million I-NP I-NP +. O O + +The B-NP B-NP +purchase I-NP I-NP +comes B-VP B-VP +after B-PP B-PP +nearly B-NP B-NP +three I-NP I-NP +years I-NP I-NP +of B-PP B-PP +on-again B-NP B-NP +off-again I-NP I-NP +talks I-NP I-NP +between B-PP B-PP +TCI B-NP B-NP +and O I-NP +Viacom B-NP I-NP +, O O +which B-NP B-NP +has B-VP B-VP +also I-VP I-VP +discussed I-VP I-VP +the B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +an B-NP B-NP +interest I-NP I-NP +in B-PP B-PP +Showtime B-NP B-NP +with B-PP B-PP +other B-NP B-NP +cable I-NP I-NP +operators I-NP I-NP +. O O + +Showtime B-NP B-NP +is B-VP B-VP +a B-NP B-NP +distant I-NP I-NP +No. I-NP I-NP +2 I-NP I-NP +to B-PP B-PP +Home B-NP B-NP +Box I-NP I-NP +Office I-NP I-NP +, O O +and O O +in B-PP B-PP +May B-NP B-NP +filed B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +2.5 I-NP I-NP +billion I-NP I-NP +antitrust I-NP I-NP +suit I-NP I-NP +against B-PP B-PP +Time B-NP B-NP +Warner I-NP I-NP +, O O +charging B-VP B-VP +the B-NP B-NP +company I-NP I-NP +and O O +its B-NP B-NP +HBO I-NP I-NP +and I-NP I-NP +American I-NP I-NP +Television I-NP I-NP +cable I-NP I-NP +units I-NP I-NP +with B-PP B-PP +conspiring B-VP B-VP +to I-VP I-VP +monopolize I-VP I-VP +the B-NP B-NP +pay I-NP I-NP +TV I-NP I-NP +business I-NP I-NP +. O O + +HBO B-NP B-NP +has B-VP B-VP +close B-NP B-NP +to I-NP I-NP +24 I-NP I-NP +million I-NP I-NP +subscribers I-NP I-NP +to B-PP B-PP +its B-NP B-NP +HBO I-NP I-NP +and I-NP I-NP +Cinemax I-NP I-NP +networks I-NP I-NP +, O O +while B-SBAR B-SBAR +Showtime B-NP B-NP +and O O +its B-NP B-NP +sister I-NP I-NP +service I-NP I-NP +, O O +The B-NP B-NP +Movie I-NP I-NP +Channel I-NP I-NP +, O O +have B-VP B-VP +only B-NP B-NP +about I-NP I-NP +10 I-NP I-NP +million I-NP I-NP +, O O +according B-PP B-PP +to B-PP B-PP +Paul B-NP B-NP +Kagan I-NP I-NP +Associates I-NP I-NP +, O O +a B-NP B-NP +Carmel I-NP I-NP +, I-NP I-NP +Calif. I-NP I-NP +, I-NP I-NP +research I-NP I-NP +firm I-NP I-NP +. O O + +For B-PP B-PP +TCI B-NP B-NP +, O O +the B-NP B-NP +investment I-NP I-NP +in B-PP B-PP +Showtime B-NP B-NP +puts B-VP B-VP +it B-NP B-NP +in B-PP B-PP +an B-NP B-NP +unusual I-NP I-NP +position I-NP I-NP +; O O +as B-PP B-PP +the B-NP B-NP +largest I-NP I-NP +cable I-NP I-NP +operator I-NP I-NP +, O O +with B-PP B-PP +control B-NP B-NP +of B-PP B-PP +close B-NP B-NP +to I-NP I-NP +12 I-NP I-NP +million I-NP I-NP +of B-PP B-PP +the B-NP B-NP +nation I-NP I-NP +'s B-NP B-NP +52 I-NP I-NP +million I-NP I-NP +cable I-NP I-NP +subscribers I-NP I-NP +, O O +TCI B-NP B-NP +is B-VP B-VP +HBO B-NP B-NP +'s B-NP B-NP +largest I-NP I-NP +customer I-NP I-NP +. O O + +But O O +TCI B-NP B-NP +President I-NP I-NP +John I-NP I-NP +Malone I-NP I-NP +has B-VP B-VP +long I-VP I-VP +been I-VP I-VP +concerned I-VP B-ADJP +about B-PP B-PP +HBO B-NP B-NP +'s B-NP B-NP +dominance I-NP I-NP +of B-PP B-PP +the B-NP B-NP +pay I-NP I-NP +TV I-NP I-NP +business I-NP I-NP +, O O +and O O +has B-VP B-VP +been I-VP I-VP +eager B-ADJP B-ADJP +to B-VP B-VP +keep I-VP I-VP +Showtime B-NP B-NP +as B-PP B-PP +a B-NP B-NP +healthy I-NP I-NP +competitor I-NP I-NP +. O O + +`` O O +It B-NP B-NP +is B-VP B-VP +important B-ADJP B-ADJP +to B-PP B-PP +the B-NP B-NP +cable I-NP I-NP +industry I-NP I-NP +that B-SBAR B-SBAR +we B-NP B-NP +have B-VP B-VP +a B-NP B-NP +vibrant I-NP I-NP +and I-NP I-NP +competitive I-NP I-NP +pay-television I-NP I-NP +marketplace I-NP I-NP +, O O +'' O O +Mr. B-NP B-NP +Malone I-NP I-NP +said B-VP B-VP +in B-PP B-PP +a B-NP B-NP +statement I-NP I-NP +. O O + +In B-PP B-PP +a B-NP B-NP +telephone I-NP I-NP +interview I-NP I-NP +, O O +Robert B-NP B-NP +Thomson I-NP I-NP +, O O +TCI B-NP B-NP +senior I-NP I-NP +vice I-NP I-NP +president I-NP I-NP +, O O +said B-VP B-VP +Showtime B-NP B-NP +'s B-NP B-NP +suit I-NP I-NP +against B-PP B-PP +HBO B-NP B-NP +`` O O +does B-VP B-VP +n't I-VP I-VP +involve I-VP I-VP +us B-NP B-NP +, O O +and O O +nothing B-NP B-NP +we B-NP B-NP +'re B-VP B-VP +doing I-VP I-VP +here B-ADVP B-ADVP +bears B-VP B-VP +any B-NP B-NP +relationship I-NP I-NP +to B-PP B-PP +that B-NP B-NP +. O O +'' O O + +He B-NP B-NP +added B-VP B-VP +, O O +`` O O +We B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +intend I-VP I-VP +to I-VP I-VP +be I-VP I-VP +drawn I-VP I-VP +into B-PP B-PP +it B-NP B-NP +, O O +'' O O +noting B-VP B-VP +that B-SBAR B-SBAR +TCI B-NP B-NP +wo B-VP B-VP +n't I-VP I-VP +play I-VP I-VP +any B-NP B-NP +active I-NP I-NP +role I-NP I-NP +in B-PP B-PP +the B-NP B-NP +management I-NP I-NP +of B-PP B-PP +Showtime B-NP B-NP +. O O + +Linking B-VP B-VP +up B-PRT B-PRT +Showtime B-NP B-NP +with B-PP B-PP +the B-NP B-NP +largest I-NP I-NP +cable I-NP I-NP +operator I-NP I-NP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +could B-VP B-VP +sharply I-VP I-VP +boost I-VP I-VP +its B-NP B-NP +subscribers I-NP I-NP +. O O + +TCI B-NP B-NP +said B-VP B-VP +it B-NP B-NP +may B-VP B-VP +bring I-VP I-VP +in B-ADVP B-ADVP +other B-NP B-NP +cable I-NP I-NP +operators I-NP I-NP +as B-PP B-PP +investors B-NP B-NP +, O O +a B-NP B-NP +practice I-NP I-NP +it B-NP B-NP +has B-VP B-VP +employed I-VP I-VP +in B-PP B-PP +the B-NP B-NP +past I-NP I-NP +with B-PP B-PP +investments B-NP B-NP +in B-PP B-PP +other B-NP B-NP +cable I-NP I-NP +networks I-NP I-NP +, O O +such B-PP B-PP +as I-PP I-PP +The B-NP B-NP +Discovery I-NP I-NP +Channel I-NP I-NP +. O O + +Additional B-NP B-NP +cable I-NP I-NP +partners I-NP I-NP +could B-VP B-VP +boost I-VP I-VP +subscribers B-NP B-NP +even B-ADVP B-ADVP +further I-ADVP I-ADVP +. O O + +Time B-NP B-NP +Warner I-NP I-NP +declined B-VP B-VP +comment B-NP B-NP +. O O + +In B-PP B-PP +addition B-NP B-NP +to B-PP B-PP +owning B-VP B-VP +HBO B-NP B-NP +, O O +Time B-NP B-NP +Warner I-NP I-NP +owns B-VP B-VP +American B-NP B-NP +Television I-NP I-NP +& I-NP I-NP +Communications I-NP I-NP +Inc. I-NP I-NP +, O O +the B-NP B-NP +nation I-NP I-NP +'s B-NP B-NP +second I-NP I-NP +largest I-NP I-NP +cable I-NP I-NP +operator I-NP I-NP +after B-PP B-PP +TCI B-NP B-NP +. O O + +Viacom B-NP B-NP +also B-ADVP B-ADVP +owns B-VP B-VP +cable B-NP B-NP +systems I-NP I-NP +, O O +but O O +it B-NP B-NP +is B-VP B-VP +the B-NP B-NP +14th I-NP I-NP +largest I-NP I-NP +operator I-NP I-NP +of B-PP B-PP +such B-NP B-NP +systems I-NP I-NP +, O O +with B-PP B-PP +less B-NP B-NP +than I-NP I-NP +one I-NP I-NP +million I-NP I-NP +subscribers I-NP I-NP +. O O + +The B-NP B-NP +TCI I-NP I-NP +investment I-NP I-NP +is B-VP B-VP +a B-NP B-NP +big I-NP I-NP +victory I-NP I-NP +for B-PP B-PP +Viacom B-NP B-NP +'s B-NP B-NP +chief I-NP I-NP +executive I-NP I-NP +officer I-NP I-NP +, O O +Frank B-NP B-NP +Biondi I-NP I-NP +, O O +and O O +Winston B-NP B-NP +H. I-NP I-NP +Cox I-NP I-NP +, O O +president B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Showtime I-NP I-NP +unit I-NP I-NP +. O O + +`` O O +This B-NP B-NP +takes B-VP B-VP +any B-NP B-NP +question I-NP I-NP +of B-PP B-PP +Showtime B-NP B-NP +'s B-NP B-NP +viability I-NP I-NP +and O O +puts B-VP B-VP +it B-NP B-NP +away B-ADVP B-ADVP +once B-ADVP B-ADVP +and O B-ADVP +for B-PP B-PP +all B-NP B-NP +, O O +'' O O +Mr. B-NP B-NP +Biondi I-NP I-NP +said B-VP B-VP +in B-PP B-PP +a B-NP B-NP +telephone I-NP I-NP +interview I-NP I-NP +. O O + +The B-NP B-NP +fight I-NP I-NP +between B-PP B-PP +HBO B-NP B-NP +and O I-NP +Showtime B-NP I-NP +is B-VP B-VP +particularly B-ADJP B-ADJP +acrimonious I-ADJP I-ADJP +because B-SBAR B-SBAR +Mr. B-NP B-NP +Biondi I-NP I-NP +is B-VP B-VP +the B-NP B-NP +former I-NP I-NP +chief I-NP I-NP +executive I-NP I-NP +of B-PP B-PP +HBO B-NP B-NP +, O O +and O O +Mr. B-NP B-NP +Cox I-NP I-NP +served B-VP B-VP +as B-PP B-PP +chief B-NP B-NP +of B-PP B-PP +marketing B-NP B-NP +for B-PP B-PP +the B-NP B-NP +service I-NP I-NP +. O O + +They B-NP B-NP +were B-VP B-VP +both I-VP I-VP +hired I-VP I-VP +by B-PP B-PP +Sumner B-NP B-NP +Redstone I-NP I-NP +, O O +the B-NP B-NP +Boston I-NP I-NP +billionaire I-NP I-NP +who B-NP B-NP +took B-VP B-VP +control B-NP B-NP +of B-PP B-PP +Viacom B-NP B-NP +three B-NP B-NP +years I-NP I-NP +ago B-ADVP B-ADVP +in B-PP B-PP +a B-NP B-NP +leveraged I-NP I-NP +buy-out I-NP I-NP +. O O + +Time B-NP B-NP +Warner I-NP I-NP +has B-VP B-VP +vigorously I-VP I-VP +denied I-VP I-VP +all B-NP B-NP +of B-PP B-PP +Viacom B-NP B-NP +'s B-NP B-NP +allegations I-NP I-NP +. O O + +Boeing B-NP B-NP +Co. I-NP I-NP +, O O +already B-VP B-VP +struck I-VP I-VP +by B-PP B-PP +its B-NP B-NP +Machinists I-NP I-NP +union I-NP I-NP +, O O +briefly B-ADVP B-ADVP +called B-VP B-VP +off B-PRT B-PRT +contract B-NP B-NP +talks I-NP I-NP +with B-PP B-PP +its B-NP B-NP +engineers I-NP I-NP +and O O +labeled B-VP B-VP +their B-NP B-NP +demands I-NP I-NP +`` O O +grossly B-ADJP B-ADJP +excessive I-ADJP I-ADJP +. O O +'' O O + +Later B-ADVP B-ADVP +, O O +however B-ADVP B-ADVP +, O O +the B-NP B-NP +company I-NP I-NP +agreed B-VP B-VP +to I-VP I-VP +meet I-VP I-VP +on B-PP B-PP +Monday B-NP B-NP +with B-PP B-PP +the B-NP B-NP +Seattle I-NP I-NP +Professional I-NP I-NP +Engineering I-NP I-NP +Employees I-NP I-NP +Association I-NP I-NP +after B-SBAR B-SBAR +a B-NP B-NP +federal I-NP I-NP +mediator I-NP I-NP +intervened B-VP B-VP +, O O +according B-PP B-PP +to B-PP B-PP +the B-NP B-NP +union I-NP I-NP +. O O + +A B-NP B-NP +spokesman I-NP I-NP +for B-PP B-PP +the B-NP B-NP +engineers I-NP I-NP +said B-VP B-VP +the B-NP B-NP +company I-NP I-NP +asked B-VP B-VP +the B-NP B-NP +union I-NP I-NP +to B-VP B-VP +reduce I-VP I-VP +its B-NP B-NP +demands I-NP I-NP +, O O +which B-NP B-NP +included B-VP B-VP +a B-NP B-NP +19 I-NP I-NP +% I-NP I-NP +pay I-NP I-NP +hike I-NP I-NP +in B-PP B-PP +the B-NP B-NP +first I-NP I-NP +year I-NP I-NP +and O O +8 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +the B-NP B-NP +second I-NP I-NP +and I-NP I-NP +third I-NP I-NP +years I-NP I-NP +. O O + +The B-NP B-NP +union I-NP I-NP +represents B-VP B-VP +about B-NP B-NP +28,000 I-NP I-NP +engineers I-NP I-NP +and I-NP I-NP +technical I-NP I-NP +workers I-NP I-NP +. O O + +Its B-NP B-NP +contract I-NP I-NP +expires B-VP B-VP +Dec. B-NP B-NP +1 I-NP I-NP +. O O + +Meanwhile B-ADVP B-ADVP +, O O +a B-NP B-NP +federal I-NP I-NP +mediator I-NP I-NP +is B-VP B-VP +scheduled I-VP I-VP +to I-VP I-VP +meet I-VP I-VP +today B-NP B-NP +with B-PP B-PP +Boeing B-NP B-NP +officials I-NP I-NP +and O O +representatives B-NP B-NP +of B-PP B-PP +55,000 B-NP B-NP +striking I-NP I-NP +Machinists I-NP I-NP +. O O + +`` O O +It B-NP B-NP +will B-VP B-VP +take I-VP I-VP +several B-NP B-NP +meetings I-NP I-NP +to B-VP B-VP +resolve I-VP I-VP +this B-NP B-NP +, O O +'' O O +said B-VP B-VP +a B-NP B-NP +spokesman I-NP I-NP +for B-PP B-PP +the B-NP B-NP +Machinists I-NP I-NP +union I-NP I-NP +. O O + +`` O O +We B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +want I-VP I-VP +to I-VP I-VP +bring I-VP I-VP +back B-ADVP B-ADVP +something B-NP B-NP +the B-NP B-NP +members I-NP I-NP +will B-VP B-VP +reject I-VP I-VP +. O O +'' O O + +Machinists B-NP B-NP +already B-ADVP B-ADVP +have B-VP B-VP +rejected I-VP I-VP +a B-NP B-NP +package I-NP I-NP +that B-NP B-NP +would B-VP B-VP +have I-VP I-VP +provided I-VP I-VP +a B-NP B-NP +10 I-NP I-NP +% I-NP I-NP +pay I-NP I-NP +raise I-NP I-NP +plus O B-NP +bonuses B-NP B-NP +over B-PP B-PP +the B-NP B-NP +three-year I-NP I-NP +life I-NP I-NP +of B-PP B-PP +the B-NP B-NP +contract I-NP I-NP +. O O + +It B-NP B-NP +also B-ADVP B-ADVP +would B-VP B-VP +have I-VP I-VP +reduced I-VP I-VP +mandatory B-NP B-NP +overtime I-NP I-NP +. O O + +Investor B-NP B-NP +Asher I-NP I-NP +Edelman I-NP I-NP +increased B-VP B-VP +his B-NP B-NP +stake I-NP I-NP +in B-PP B-PP +Intelogic B-NP B-NP +Trace I-NP I-NP +Inc. I-NP I-NP +and O O +cleared B-VP B-VP +the B-NP B-NP +way I-NP I-NP +for B-PP B-PP +additional B-NP B-NP +purchases I-NP I-NP +. O O + +It B-NP B-NP +was B-VP B-VP +n't O O +clear B-ADJP B-ADJP +, O O +however B-ADVP B-ADVP +, O O +whether B-SBAR B-SBAR +the B-NP B-NP +actions I-NP I-NP +were B-VP B-VP +related I-VP I-VP +to B-PP B-PP +a B-NP B-NP +battle I-NP I-NP +between B-PP B-PP +the B-NP B-NP +corporate I-NP I-NP +raider I-NP I-NP +and O O +New B-NP B-NP +York I-NP I-NP +attorney I-NP I-NP +Martin I-NP I-NP +Ackerman I-NP I-NP +for B-PP B-PP +control B-NP B-NP +of B-PP B-PP +Datapoint B-NP B-NP +Corp. I-NP I-NP +, O O +a B-NP B-NP +San I-NP I-NP +Antonio I-NP I-NP +, I-NP I-NP +Texas-based I-NP I-NP +data-processing I-NP I-NP +systems I-NP I-NP +maker I-NP I-NP +. O O + +Intelogic B-NP B-NP +Trace I-NP I-NP +, O O +a B-NP B-NP +computer I-NP I-NP +services I-NP I-NP +company I-NP I-NP +, O O +was B-VP B-VP +spun I-VP I-VP +off B-PRT B-PRT +to B-PP B-PP +Datapoint B-NP B-NP +holders I-NP I-NP +in B-PP B-PP +1985 B-NP B-NP +, O O +after B-SBAR B-SBAR +Mr. B-NP B-NP +Edelman I-NP I-NP +gained B-VP B-VP +control B-NP B-NP +. O O + +After B-SBAR B-SBAR +Mr. B-NP B-NP +Ackerman I-NP I-NP +announced B-VP B-VP +he B-NP B-NP +was B-VP B-VP +soliciting I-VP I-VP +consents B-NP B-NP +from B-PP B-PP +shareholders B-NP B-NP +in B-PP B-SBAR +order B-NP O +to B-VP B-VP +wrest I-VP I-VP +control B-NP B-NP +of B-PP B-PP +Datapoint B-NP B-NP +from B-PP B-PP +Mr. B-NP B-NP +Edelman I-NP I-NP +, O O +the B-NP B-NP +corporate I-NP I-NP +raider I-NP I-NP +purchased B-VP B-VP +30 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +Datapoint B-NP B-NP +'s B-NP B-NP +shares I-NP I-NP +. O O + +In B-PP B-PP +a B-NP B-NP +Securities I-NP I-NP +and I-NP I-NP +Exchange I-NP I-NP +Commission I-NP I-NP +filing I-NP I-NP +, O O +Mr. B-NP B-NP +Edelman I-NP I-NP +said B-VP B-VP +from B-PP B-PP +Sept. B-NP B-NP +29 I-NP I-NP +to B-PP B-PP +Oct. B-NP B-NP +13 I-NP I-NP +, O O +he B-NP B-NP +acquired B-VP B-VP +309,500 B-NP B-NP +shares I-NP I-NP +of B-PP B-PP +Intelogic B-NP B-NP +common I-NP I-NP +shares I-NP I-NP +for B-PP B-PP +$ B-NP B-NP +2.25 I-NP I-NP +to I-NP I-NP +$ I-NP I-NP +2.375 I-NP I-NP +each B-NP B-NP +. O O + +The B-NP B-NP +purchases I-NP I-NP +increased B-VP B-VP +his B-NP B-NP +stake I-NP I-NP +to B-PP B-PP +16.2 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +the B-NP B-NP +shares I-NP I-NP +outstanding B-ADJP B-ADJP +. O O + +The B-NP B-NP +filing I-NP I-NP +also B-ADVP B-ADVP +said B-VP B-VP +certain B-NP B-NP +provisions I-NP I-NP +which B-NP B-NP +apply B-VP B-VP +to B-PP B-PP +persons B-NP B-NP +acquiring B-VP B-VP +20 B-NP B-NP +% I-NP I-NP +or I-NP I-NP +more I-NP I-NP +of B-PP B-PP +Intelogic B-NP B-NP +common I-NP I-NP +stock I-NP I-NP +, O O +were B-VP B-VP +waived I-VP I-VP +by B-PP B-PP +Intelogic B-NP B-NP +for B-PP B-PP +Mr. B-NP B-NP +Edelman I-NP I-NP +, O O +who B-NP B-NP +is B-VP B-VP +chairman B-NP B-NP +of B-PP B-PP +the B-NP B-NP +company I-NP I-NP +. O O + +Mr. B-NP B-NP +Edelman I-NP I-NP +could B-VP B-VP +n't I-VP I-VP +be I-VP I-VP +reached I-VP I-VP +for B-PP B-PP +comment B-NP B-NP +. O O + +The B-NP B-NP +federal I-NP I-NP +government I-NP I-NP +should B-VP B-VP +make I-VP I-VP +free B-NP B-NP +, I-NP I-NP +voluntary I-NP I-NP +testing I-NP I-NP +for B-PP B-PP +the B-NP B-NP +AIDS I-NP I-NP +virus I-NP I-NP +the B-NP B-NP +cornerstone I-NP I-NP +of B-PP B-PP +an B-NP B-NP +expanded I-NP I-NP +campaign I-NP I-NP +to B-VP B-VP +stop I-VP I-VP +the B-NP B-NP +spread I-NP I-NP +of B-PP B-PP +acquired B-NP B-NP +immune I-NP I-NP +deficiency I-NP I-NP +syndrome I-NP I-NP +, O O +the B-NP B-NP +Hudson I-NP I-NP +Institute I-NP I-NP +recommended B-VP B-VP +. O O + +`` O O +By B-PP B-PP +encouraging B-VP B-VP +massive B-NP B-NP +, I-NP I-NP +routine I-NP I-NP +, I-NP I-NP +voluntary I-NP I-NP +testing I-NP I-NP +we B-NP B-NP +can B-VP B-VP +enable I-VP I-VP +society B-NP B-NP +to B-VP B-VP +voluntarily I-VP I-VP +segregate I-VP I-VP +itself B-NP B-NP +sexually B-ADVP B-ADVP +into B-PP B-PP +two B-NP B-NP +groups I-NP I-NP +: O O +those B-NP B-NP +who B-NP B-NP +carry B-VP B-VP +the B-NP B-NP +virus I-NP I-NP +and O O +those B-NP B-NP +who B-NP B-NP +do B-VP B-VP +not O O +, O O +'' O O +the B-NP B-NP +Indianapolis I-NP I-NP +research I-NP I-NP +organization I-NP I-NP +said B-VP B-VP +in B-PP B-PP +a B-NP B-NP +new I-NP I-NP +report I-NP I-NP +. O O + +The B-NP B-NP +report I-NP I-NP +takes B-VP B-VP +a B-NP B-NP +more I-NP I-NP +alarmed I-NP I-NP +view I-NP I-NP +of B-PP B-PP +AIDS B-NP B-NP +and O O +recommends B-VP B-VP +a B-NP B-NP +more I-NP I-NP +sweeping I-NP I-NP +response I-NP I-NP +than B-PP B-PP +many B-NP B-NP +other I-NP I-NP +analyses I-NP I-NP +. O O + +It B-NP B-NP +warns B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +AIDS I-NP I-NP +epidemic I-NP I-NP +`` O O +may B-VP B-VP +reduce I-VP I-VP +the B-NP B-NP +rate I-NP I-NP +of B-PP B-PP +growth B-NP B-NP +of B-PP B-PP +the B-NP B-NP +work I-NP I-NP +force I-NP I-NP +, O O +curb B-VP B-VP +productivity B-NP B-NP +gains I-NP I-NP +and O O +slow B-VP B-NP +economic B-NP I-NP +growth I-NP I-NP +. O O +'' O O + +It B-NP B-NP +contends B-VP B-VP +that B-SBAR B-SBAR +current B-NP B-NP +government I-NP I-NP +policy I-NP I-NP +is B-VP B-VP +failing I-VP I-VP +to I-VP I-VP +stem I-VP I-VP +the B-NP B-NP +AIDS I-NP I-NP +epidemic I-NP I-NP +because B-SBAR B-SBAR +it B-NP B-NP +suggests B-VP B-VP +the B-NP B-NP +use I-NP I-NP +of B-PP B-PP +condoms B-NP B-NP +can B-VP B-VP +make I-VP I-VP +sex B-NP B-NP +`` O O +safe B-ADJP B-ADJP +. O O +'' O O + +But O O +the B-NP B-NP +report I-NP I-NP +says B-VP B-VP +: O O +`` O O +The B-NP B-NP +only I-NP I-NP +safe I-NP I-NP +sex I-NP I-NP +is B-VP B-VP +sex B-NP B-NP +between B-PP B-PP +uninfected B-NP B-NP +partners I-NP I-NP +, O O +'' O O +and O O +testing B-NP B-NP +is B-VP B-VP +the B-NP B-NP +only I-NP I-NP +way I-NP I-NP +to B-VP B-VP +learn I-VP I-VP +of B-PP B-PP +infection B-NP B-NP +. O O + +Hudson B-NP B-NP +'s B-NP B-NP +researchers I-NP I-NP +estimated B-VP B-VP +that B-SBAR B-SBAR +it B-NP B-NP +would B-VP B-VP +cost I-VP I-VP +less B-NP B-NP +than I-NP I-NP +$ I-NP I-NP +650 I-NP I-NP +million I-NP I-NP +a B-NP B-NP +year I-NP I-NP +to B-VP B-VP +test I-VP I-VP +the B-NP B-NP +entire I-NP I-NP +population I-NP I-NP +between B-PP B-PP +the B-NP B-NP +ages I-NP I-NP +of B-PP B-PP +12 B-NP B-NP +and I-NP O +65 I-NP B-NP +years I-NP I-NP +old B-ADJP B-ADJP +. O O + +In B-PP B-PP +addition B-NP B-NP +, O O +the B-NP B-NP +report I-NP I-NP +recommends B-VP B-VP +that B-SBAR B-SBAR +federal B-NP B-NP +and I-NP I-NP +state I-NP I-NP +governments I-NP I-NP +provide B-VP B-VP +free B-NP B-NP +treatment I-NP I-NP +to B-PP B-PP +all B-NP B-NP +who B-NP B-NP +test B-VP B-VP +positive B-ADJP B-ADJP +. O O + +An B-NP B-NP +unexpectedly I-NP I-NP +sharp I-NP I-NP +widening I-NP I-NP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +trade I-NP I-NP +gap I-NP I-NP +for B-PP B-PP +August B-NP B-NP +dragged B-VP B-VP +the B-NP B-NP +dollar I-NP I-NP +lower B-ADVP B-ADVP +Tuesday B-NP B-NP +, O O +but O O +profit-taking B-NP B-NP +on B-PP B-PP +short B-NP B-NP +positions I-NP I-NP +helped B-VP B-VP +the B-NP B-NP +currency I-NP I-NP +rebound B-VP I-NP +to I-VP B-VP +close I-VP I-VP +mixed B-ADJP B-ADVP +against B-PP B-PP +major B-NP B-NP +counterparts I-NP I-NP +. O O + +While B-SBAR B-SBAR +the B-NP B-NP +market I-NP I-NP +kept B-VP B-VP +careful B-NP B-NP +tabs I-NP I-NP +on B-PP B-PP +Wall B-NP B-NP +Street I-NP I-NP +'s B-NP B-NP +gyrations I-NP I-NP +, O O +it B-NP B-NP +shrugged B-VP B-VP +off B-PRT B-PRT +a B-NP B-NP +modest I-NP I-NP +downturn I-NP I-NP +in B-PP B-PP +equities B-NP B-NP +to B-VP B-VP +bid I-VP I-VP +the B-NP B-NP +dollar I-NP I-NP +well B-ADVP B-PP +above B-PP I-PP +the B-NP B-NP +day I-NP I-NP +'s B-NP B-NP +lows I-NP I-NP +. O O + +Soon B-ADVP B-ADVP +after B-PP B-PP +the B-NP B-NP +release I-NP I-NP +of B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +trade I-NP I-NP +figures I-NP I-NP +, O O +the B-NP B-NP +dollar I-NP I-NP +plunged B-VP B-VP +to B-PP B-PP +an B-NP B-NP +intraday I-NP I-NP +low I-NP I-NP +of B-PP B-PP +140.95 B-NP B-NP +yen I-NP I-NP +. O O + +It B-NP B-NP +also B-ADVP B-ADVP +declined B-VP B-VP +against B-PP B-PP +the B-NP B-NP +mark I-NP I-NP +but O O +did B-VP B-VP +n't I-VP I-VP +reach I-VP I-VP +its B-NP B-NP +intraday I-NP I-NP +low I-NP I-NP +of B-PP B-PP +1.8435 B-NP B-NP +marks I-NP I-NP +until B-PP B-PP +two B-NP B-NP +hours I-NP I-NP +later B-ADVP B-ADVP +. O O + +The B-NP B-NP +unit I-NP I-NP +stabilized B-VP B-VP +about B-NP B-NP +midday I-NP I-NP +New B-NP I-NP +York I-NP I-NP +time I-NP I-NP +at B-PP B-PP +around B-NP B-NP +1.85 I-NP I-NP +marks I-NP I-NP +and O O +141 B-NP B-NP +yen I-NP I-NP +, O O +prompting B-VP B-VP +unconfirmed B-NP B-NP +rumors I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +U.S. I-NP I-NP +Federal I-NP I-NP +Reserve I-NP I-NP +had B-VP B-VP +intervened I-VP I-VP +to B-VP I-VP +blunt I-VP I-VP +the B-NP B-NP +unit I-NP I-NP +'s B-NP B-NP +tumble I-NP I-NP +. O O + +The B-NP B-NP +dollar I-NP I-NP +finished B-VP B-VP +at B-PP B-PP +its B-NP B-NP +intraday I-NP I-NP +highs I-NP I-NP +. O O + +Dealers B-NP B-NP +noted B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +foreign I-NP I-NP +exchange I-NP I-NP +market I-NP I-NP +'s B-NP B-NP +initial I-NP I-NP +bearish I-NP I-NP +reaction I-NP I-NP +to B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +trade I-NP I-NP +figures I-NP I-NP +was B-VP B-VP +tempered I-VP I-VP +later B-ADVP B-ADVP +by B-PP B-PP +a B-NP B-NP +`` I-NP I-NP +calmer I-NP I-NP +reassessment I-NP I-NP +of B-PP B-PP +the B-NP B-NP +data I-NP I-NP +. O O +'' O O + +The B-NP B-NP +U.S. I-NP I-NP +Commerce I-NP I-NP +Department I-NP I-NP +reported B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +10.77 I-NP I-NP +billion I-NP I-NP +deficit I-NP I-NP +in B-PP B-PP +August B-NP B-NP +, O O +compared B-PP B-PP +with B-PP B-PP +a B-NP B-NP +revised I-NP I-NP +July I-NP I-NP +deficit I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +8.24 I-NP I-NP +billion I-NP I-NP +. O O + +Economists B-NP B-NP +had B-VP B-VP +expected I-VP I-VP +a B-NP B-NP +$ I-NP I-NP +9.1 I-NP I-NP +billion I-NP I-NP +gap I-NP I-NP +. O O + +The B-NP B-NP +August I-NP I-NP +figure I-NP I-NP +reflected B-VP B-VP +a B-NP B-NP +6.4 I-NP I-NP +% I-NP I-NP +rise I-NP I-NP +in B-PP B-PP +imports B-NP B-NP +and O O +a B-NP B-NP +0.2 I-NP I-NP +% I-NP I-NP +drop I-NP I-NP +in B-PP B-PP +exports B-NP B-NP +. O O + +Marc B-NP B-NP +M. I-NP I-NP +Goloven I-NP I-NP +, O O +an B-NP B-NP +economist I-NP I-NP +with B-PP B-PP +Manufacturers B-NP B-NP +Hanover I-NP I-NP +Trust I-NP I-NP +in B-PP B-PP +New B-NP B-NP +York I-NP I-NP +, O O +said B-VP B-VP +that B-SBAR B-SBAR +while B-SBAR B-SBAR +the B-NP B-NP +figures I-NP I-NP +appear B-VP B-VP +to I-VP I-VP +indicate I-VP I-VP +a B-NP B-NP +sadly I-NP I-NP +deteriorating I-NP I-NP +U.S. I-NP I-NP +trade I-NP I-NP +performance I-NP I-NP +, O O +there B-NP B-NP +'s B-VP B-VP +still B-ADVP B-ADVP +enough B-NP B-NP +positive I-NP I-NP +news I-NP I-NP +in B-PP B-PP +the B-NP B-NP +data I-NP I-NP +to B-VP B-VP +justify I-VP I-VP +buying I-VP I-VP +dollars B-NP B-NP +. O O + +He B-NP B-NP +said B-VP B-VP +that B-SBAR B-SBAR +while B-SBAR B-SBAR +the B-NP B-NP +U.S. I-NP I-NP +trade I-NP I-NP +gap I-NP I-NP +with B-PP B-PP +Canada B-NP B-NP +has B-VP B-VP +widened I-VP I-VP +significantly B-ADVP B-ADVP +, O O +the B-NP B-NP +trade I-NP I-NP +deficit I-NP I-NP +with B-PP B-PP +Western B-NP B-NP +Europe I-NP I-NP +and O O +Japan B-NP B-NP +continues B-VP B-VP +to I-VP I-VP +narrow I-VP I-VP +. O O + +And O O +he B-NP B-NP +added B-VP B-VP +that B-SBAR B-SBAR +manufactured B-NP B-NP +goods I-NP I-NP +exports I-NP I-NP +are B-VP B-VP +still I-VP I-VP +rising I-VP I-VP +. O O + +The B-NP B-NP +dollar I-NP I-NP +'s B-NP B-NP +near-term I-NP I-NP +path I-NP I-NP +remains B-VP B-VP +foggy B-ADJP B-ADJP +, O O +according B-PP B-PP +to B-PP B-PP +currencny B-NP B-NP +analysts I-NP I-NP +, O O +who B-NP B-NP +characterize B-VP B-VP +the B-NP B-NP +market I-NP I-NP +as B-PP B-PP +`` O O +bewildering B-ADJP B-ADJP +. O O +'' O O + +In B-PP B-PP +late B-NP B-NP +New I-NP I-NP +York I-NP I-NP +trading I-NP I-NP +yesterday B-NP B-NP +, O O +the B-NP B-NP +dollar I-NP I-NP +was B-VP B-VP +quoted I-VP I-VP +at B-PP B-PP +1.8667 B-NP B-NP +marks I-NP I-NP +, O O +down B-ADVP B-ADVP +from B-PP B-PP +1.8685 B-NP B-NP +marks I-NP I-NP +late B-NP B-NP +Monday I-NP I-NP +, B-PP B-PP +and I-PP I-PP +at B-PP B-PP +142.75 B-NP B-NP +yen I-NP I-NP +, O O +up B-ADVP B-ADVP +from B-PP B-PP +141.85 B-NP B-NP +yen I-NP I-NP +late B-NP B-NP +Monday I-NP I-NP +. O O + +Sterling B-NP B-NP +was B-VP B-VP +unchanged B-ADJP B-ADJP +at B-PP B-PP +$ B-NP B-NP +1.5753 I-NP I-NP +. O O + +In B-PP B-PP +Tokyo B-NP B-NP +Wednesday B-NP B-NP +, O O +the B-NP B-NP +U.S. I-NP I-NP +currency I-NP I-NP +opened B-VP B-VP +for B-PP B-PP +trading B-NP B-NP +at B-PP B-PP +142.55 B-NP B-NP +yen I-NP I-NP +, O O +unchanged B-ADJP B-ADJP +from B-PP B-PP +Tuesday B-NP B-NP +'s B-NP B-NP +Tokyo I-NP I-NP +close I-NP I-NP +. O O + +Later B-ADVP B-ADVP +, O O +the B-NP B-NP +U.S. I-NP I-NP +currency I-NP I-NP +fell B-VP B-VP +to B-PP B-PP +about B-NP B-NP +142.25 I-NP I-NP +yen I-NP I-NP +on B-PP B-PP +news B-NP B-NP +reports I-NP I-NP +of B-PP B-PP +the B-NP B-NP +San I-NP I-NP +Francisco I-NP I-NP +earthquake I-NP I-NP +. O O + +Some B-NP B-NP +analysts I-NP I-NP +remain B-VP B-VP +bullish B-ADJP B-ADJP +and O O +point B-VP B-VP +out B-PRT B-PRT +that B-SBAR B-SBAR +the B-NP B-NP +dollar I-NP I-NP +continues B-VP B-VP +to I-VP I-VP +be I-VP I-VP +well B-ADJP B-ADJP +bid I-ADJP I-ADJP +despite B-PP B-PP +key B-NP B-NP +rate I-NP I-NP +increases I-NP I-NP +in B-PP B-PP +Europe B-NP B-NP +and I-NP I-NP +Japan I-NP I-NP +, O O +several B-NP B-NP +weeks I-NP I-NP +of B-PP B-PP +aggressive B-NP B-NP +dollar I-NP I-NP +sales I-NP I-NP +by B-PP B-PP +the B-NP B-NP +world I-NP I-NP +central I-NP I-NP +banks I-NP I-NP +-- O O +some B-NP B-NP +traders I-NP I-NP +estimate B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +barrage I-NP I-NP +of B-PP B-PP +sales B-NP B-NP +topped B-VP B-VP +$ B-NP B-NP +12 I-NP I-NP +billion I-NP I-NP +-- O O +and O O +a B-NP B-NP +190-point I-NP I-NP +plunge I-NP I-NP +on B-PP B-PP +the B-NP B-NP +New I-NP I-NP +York I-NP I-NP +Stock I-NP I-NP +Exchange I-NP I-NP +. O O + +They B-NP B-NP +note B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +U.S. I-NP I-NP +unit I-NP I-NP +is B-VP B-VP +trading I-VP I-VP +at B-PP B-PP +the B-NP B-NP +upper I-NP I-NP +end I-NP I-NP +of B-PP B-PP +the B-NP B-NP +presumed I-NP I-NP +target I-NP I-NP +zones I-NP I-NP +established B-VP B-VP +by B-PP B-PP +the O B-NP +Group B-NP I-NP +of B-PP B-PP +Seven B-NP B-NP +trading B-NP I-NP +partners I-NP I-NP +. O O + +The B-NP B-NP +G-7 I-NP I-NP +comprises B-VP B-VP +West B-NP B-NP +Germany I-NP I-NP +, O O +the B-NP B-NP +U.S. I-NP I-NP +, O O +France B-NP B-NP +, O O +the B-NP B-NP +U.K. I-NP I-NP +, O O +Italy B-NP B-NP +, O O +Canada B-NP B-NP +and O O +Japan B-NP B-NP +. O O + +The B-NP B-NP +so-called I-NP I-NP +Louvre I-NP I-NP +accord I-NP I-NP +was B-VP B-VP +seen I-VP I-VP +to I-VP I-VP +have I-VP I-VP +set I-VP I-VP +ranges B-NP B-NP +of B-PP B-PP +1.70 B-NP B-NP +marks I-NP I-NP +to B-PP B-PP +1.90 B-NP B-NP +marks I-NP I-NP +and O O +120 B-NP B-NP +yen I-NP I-NP +to B-PP B-PP +140 B-NP B-NP +yen I-NP I-NP +. O O + +They B-NP B-NP +say B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +recent I-NP I-NP +injection I-NP I-NP +of B-PP B-PP +liquidity B-NP B-NP +into B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +banking I-NP I-NP +system I-NP I-NP +has B-VP B-VP +been I-VP I-VP +modest B-ADJP B-ADJP +, O O +and O O +they B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +anticipate I-VP I-VP +significant B-NP B-NP +easing I-NP I-NP +by B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +Federal I-NP I-NP +Reserve I-NP I-NP +. O O + +The B-NP B-NP +Fed I-NP I-NP +arranged B-VP B-VP +$ B-NP B-NP +1.5 I-NP I-NP +billion I-NP I-NP +of B-PP B-PP +customer B-NP B-NP +repurchase I-NP I-NP +agreements I-NP I-NP +Tuesday B-NP B-NP +, O O +the B-NP B-NP +second I-NP I-NP +repurchase I-NP I-NP +agreement I-NP I-NP +in B-PP B-PP +two B-NP B-NP +days I-NP I-NP +. O O + +The B-NP B-NP +move I-NP I-NP +, O O +which B-NP B-NP +injects B-VP B-VP +capital B-NP B-NP +into B-PP B-PP +the B-NP B-NP +system I-NP I-NP +, O O +is B-VP B-VP +seen I-VP I-VP +as B-PP B-PP +an B-NP B-NP +effort I-NP I-NP +to B-VP B-VP +reassure I-VP I-VP +the B-NP B-NP +finanicial I-NP I-NP +markets I-NP I-NP +that B-SBAR B-SBAR +the B-NP B-NP +U.S. I-NP I-NP +central I-NP I-NP +bank I-NP I-NP +is B-VP B-VP +ready B-ADJP B-ADJP +to B-VP B-VP +provide I-VP I-VP +the B-NP B-NP +ample I-NP I-NP +liquidity I-NP I-NP +. O O + +But O O +other B-NP B-NP +analysts I-NP I-NP +contend B-VP B-VP +that B-SBAR B-SBAR +while B-SBAR B-SBAR +the B-NP B-NP +Fed I-NP I-NP +'s B-NP B-NP +move I-NP I-NP +to B-VP B-VP +loosen I-VP I-VP +credit B-NP B-NP +has B-VP B-VP +n't I-VP I-VP +been I-VP I-VP +aggressive B-ADJP B-ADJP +, O O +it B-NP B-NP +nevertheless B-ADVP B-ADVP +sends B-VP B-VP +a B-NP B-NP +clear I-NP I-NP +signal I-NP I-NP +that B-SBAR B-SBAR +, O O +at B-PP B-ADVP +least I-PP I-ADVP +for B-PP B-PP +now B-NP B-ADVP +, O O +the B-NP B-NP +Fed I-NP I-NP +has B-VP B-VP +relaxed I-VP I-VP +its B-NP B-NP +grip I-NP I-NP +on B-PP B-PP +credit B-NP B-NP +. O O + +They B-NP B-NP +add B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +Fed I-NP I-NP +has B-VP B-VP +allowed I-VP I-VP +the B-NP B-NP +key I-NP I-NP +federal I-NP I-NP +funds I-NP I-NP +interest I-NP I-NP +rate I-NP I-NP +to B-VP B-VP +dip I-VP I-VP +to B-PP B-PP +about B-NP B-NP +8 I-NP I-NP +5\/8 I-NP I-NP +% I-NP I-NP +from B-PP B-PP +its B-NP B-NP +levels I-NP I-NP +of B-PP B-PP +just B-NP B-NP +below I-NP I-NP +9 I-NP I-NP +% I-NP I-NP +last B-NP B-NP +week I-NP I-NP +. O O + +The B-NP B-NP +federal I-NP I-NP +funds I-NP I-NP +rate I-NP I-NP +is B-VP B-VP +the B-NP B-NP +overnight I-NP I-NP +lending I-NP I-NP +rate I-NP I-NP +that B-NP B-NP +banks B-NP B-NP +charge B-VP B-VP +each B-NP B-NP +other I-NP I-NP +. O O + +Market B-NP B-NP +participants I-NP I-NP +said B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +mark I-NP I-NP +continues B-VP B-VP +to I-VP I-VP +post I-VP I-VP +the B-NP B-NP +most I-NP I-NP +significant I-NP I-NP +gains I-NP I-NP +against B-PP B-PP +the B-NP B-NP +dollar I-NP I-NP +. O O + +On B-PP B-PP +the B-NP B-NP +Commodity I-NP I-NP +Exchange I-NP I-NP +in B-PP B-PP +New B-NP B-NP +York I-NP I-NP +, O O +gold B-NP B-NP +for B-PP B-PP +current B-NP B-NP +delivery I-NP I-NP +settled B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +367.40 I-NP I-NP +an B-NP B-NP +ounce I-NP I-NP +, O O +up B-ADVP B-ADVP +10 B-NP B-NP +cents I-NP I-NP +. O O + +Estimated B-NP B-NP +volume I-NP I-NP +was B-VP B-VP +a B-NP B-NP +moderate I-NP I-NP +3.5 I-NP I-NP +million I-NP I-NP +ounces I-NP I-NP +. O O + +In B-PP B-PP +early B-NP B-NP +trading I-NP I-NP +in B-PP B-PP +Hong B-NP B-NP +Kong I-NP I-NP +Wednesday B-NP B-NP +, O O +gold B-NP B-NP +was B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +366.55 I-NP I-NP +an B-NP B-NP +ounce I-NP I-NP +. O O + +National B-NP B-NP +Semiconductor I-NP I-NP +Corp. I-NP I-NP +said B-VP B-VP +it B-NP B-NP +settled B-VP B-VP +a B-NP B-NP +four-year-old I-NP I-NP +patent I-NP I-NP +infringement I-NP I-NP +case I-NP I-NP +against B-PP B-PP +Linear B-NP B-NP +Technology I-NP I-NP +Corp. I-NP I-NP +by B-PP B-PP +accepting B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +3 I-NP I-NP +million I-NP I-NP +payment I-NP I-NP +from B-PP B-PP +Linear B-NP B-NP +in B-PP B-PP +exchange B-NP B-NP +for B-PP B-PP +granting B-VP B-VP +Linear B-NP B-NP +irrevocable B-NP I-NP +licenses I-NP I-NP +for B-PP B-PP +all B-NP B-NP +products I-NP I-NP +involved B-VP B-VP +. O O + +The B-NP B-NP +two I-NP I-NP +companies I-NP I-NP +also B-ADVP B-ADVP +agreed B-VP B-VP +to I-VP I-VP +settle I-VP I-VP +any B-NP B-NP +future I-NP I-NP +property I-NP I-NP +rights I-NP I-NP +issues I-NP I-NP +over B-PP B-PP +the B-NP B-NP +next I-NP I-NP +10 I-NP I-NP +years I-NP I-NP +through B-PP B-PP +binding B-NP B-NP +arbitration I-NP I-NP +, O O +both B-NP B-NP +companies I-NP I-NP +said B-VP B-VP +. O O + +The B-NP B-NP +products I-NP I-NP +are B-VP B-VP +so-called B-NP B-NP +analog I-NP I-NP +integrated I-NP I-NP +circuits I-NP I-NP +that B-NP B-NP +have B-VP B-VP +applications B-NP B-NP +in B-PP B-PP +the B-NP B-NP +consumer I-NP I-NP +electronics I-NP I-NP +, I-NP I-NP +automobile I-NP I-NP +and I-NP I-NP +electronic I-NP I-NP +instrumentation I-NP I-NP +markets I-NP I-NP +. O O + +Linear B-NP B-NP +Technology I-NP I-NP +, O O +Milpitas B-NP B-NP +, O O +Calif. B-NP B-NP +, O O +called B-VP B-VP +the B-NP B-NP +settlement I-NP I-NP +`` O O +positive B-ADJP B-ADJP +, O O +'' O O +since B-SBAR B-SBAR +products B-NP B-NP +covered B-VP B-VP +by B-PP B-PP +the B-NP B-NP +disputed I-NP I-NP +patents I-NP I-NP +account B-VP B-VP +for B-PP B-PP +about B-NP B-NP +20 I-NP I-NP +% I-NP I-NP +of B-PP B-PP +its B-NP B-NP +annual I-NP I-NP +sales I-NP I-NP +. O O + +The B-NP B-NP +electronics I-NP I-NP +concern I-NP I-NP +said B-VP B-VP +it B-NP B-NP +already B-ADVP B-ADVP +has B-VP B-VP +paid I-VP I-VP +$ B-NP B-NP +2 I-NP I-NP +million I-NP I-NP +of B-PP B-PP +the B-NP B-NP +settlement I-NP I-NP +to B-PP B-PP +National B-NP B-NP +Semiconductor I-NP I-NP +, O O +Santa B-NP B-NP +Clara I-NP I-NP +, O O +Calif. B-NP B-NP +, O O +and O O +will B-VP B-VP +pay I-VP I-VP +the B-NP B-NP +remaining I-NP I-NP +$ I-NP I-NP +1 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +equal B-NP B-NP +installments I-NP I-NP +over B-PP B-PP +the B-NP B-NP +next I-NP I-NP +eight I-NP I-NP +quarters I-NP I-NP +. O O + +The B-NP B-NP +payments I-NP I-NP +are B-VP B-VP +n't I-VP I-VP +expected I-VP I-VP +to I-VP I-VP +have I-VP I-VP +an B-NP B-NP +impact I-NP I-NP +on B-PP B-PP +coming B-NP B-NP +operating I-NP I-NP +results I-NP I-NP +, O O +Linear B-NP B-NP +added B-VP B-VP +. O O + +NBC B-NP B-NP +'s B-NP B-NP +winning I-NP I-NP +streak I-NP I-NP +has B-VP B-VP +been I-VP I-VP +canceled I-VP I-VP +. O O + +The B-NP B-NP +National I-NP I-NP +Broadcasting I-NP I-NP +Co. I-NP I-NP +, O O +a B-NP B-NP +unit I-NP I-NP +of B-PP B-PP +General B-NP B-NP +Electric I-NP I-NP +Co. I-NP I-NP +, O O +had B-VP B-VP +its B-NP B-NP +record-breaking I-NP I-NP +68-week I-NP I-NP +reign I-NP I-NP +as B-PP B-PP +the B-NP B-NP +prime-time I-NP I-NP +ratings I-NP I-NP +leader I-NP I-NP +snapped B-VP B-VP +yesterday B-NP B-NP +by B-PP B-PP +ABC-TV B-NP B-NP +, O O +a B-NP B-NP +subsidiary I-NP I-NP +of B-PP B-PP +Capital B-NP B-NP +Cities\/ABC I-NP I-NP +Inc I-NP I-NP +. O O + +In B-PP B-PP +the B-NP B-NP +ratings I-NP I-NP +compiled B-VP B-VP +by B-PP B-PP +the B-NP B-NP +A.C. I-NP I-NP +Nielsen I-NP I-NP +Co. I-NP I-NP +, O O +ABC B-NP B-NP +, O O +which B-NP B-NP +broadcast B-VP B-VP +the B-NP B-NP +World I-NP I-NP +Series I-NP I-NP +, O O +topped B-VP B-VP +the B-NP B-NP +competition I-NP I-NP +with B-PP B-PP +a B-NP B-NP +14.8 I-NP I-NP +rating I-NP I-NP +and I-NP O +25 I-NP B-NP +share I-NP I-NP +. O O + +NBC B-NP B-NP +was B-VP B-VP +second B-ADJP B-ADVP +with B-PP B-PP +a B-NP B-NP +13.9 I-NP I-NP +rating I-NP I-NP +and I-NP O +24 I-NP B-NP +share I-NP I-NP +followed B-PP B-VP +by B-PP B-PP +CBS B-NP B-NP +Inc. I-NP I-NP +'s B-NP B-NP +television I-NP I-NP +network I-NP I-NP +with B-PP B-PP +a B-NP B-NP +12.5 I-NP I-NP +rating I-NP I-NP +and I-NP O +21 I-NP B-NP +share I-NP I-NP +. O O + +-LRB- O O +A B-NP B-NP +ratings I-NP I-NP +point I-NP I-NP +represents B-VP B-VP +904,000 B-NP B-NP +television I-NP I-NP +households I-NP I-NP +; O O +shares B-NP B-NP +indicate B-VP B-VP +the B-NP B-NP +percentage I-NP I-NP +of B-PP B-PP +sets B-NP B-NP +in B-PP B-PP +use B-NP B-NP +. O O +-RRB- O O + +The B-NP B-NP +first I-NP I-NP +two I-NP I-NP +games I-NP I-NP +of B-PP B-PP +the B-NP B-NP +World I-NP I-NP +Series I-NP I-NP +between B-PP B-PP +the B-NP B-NP +Oakland I-NP I-NP +Athletics I-NP I-NP +and I-NP O +San I-NP B-NP +Francisco I-NP I-NP +Giants I-NP I-NP +did B-VP B-VP +n't I-VP I-VP +finish I-VP I-VP +in B-PP B-PP +the B-NP B-NP +top I-NP I-NP +10 I-NP I-NP +; O O +instead B-ADVP B-ADVP +they B-NP B-NP +landed B-VP B-VP +in B-PP B-PP +16th B-NP B-NP +and I-NP I-NP +18th I-NP I-NP +place I-NP I-NP +. O O + +The B-NP B-NP +highest-rated I-NP I-NP +show I-NP I-NP +continues B-VP B-VP +to I-VP I-VP +be I-VP I-VP +ABC B-NP B-NP +'s B-NP B-NP +`` I-NP I-NP +Roseanne I-NP I-NP +. O O +'' O O + +NBC B-NP B-NP +had B-VP B-VP +five B-NP B-NP +of B-PP B-PP +the B-NP B-NP +top I-NP I-NP +10 I-NP I-NP +shows B-NP I-NP +; O O +ABC B-NP B-NP +had B-VP B-VP +four B-NP B-NP +and O I-NP +CBS B-NP I-NP +had B-VP B-VP +one B-NP B-NP +. O O + +CBS B-NP B-NP +held B-VP B-VP +the B-NP B-NP +previous I-NP I-NP +record I-NP I-NP +for B-PP B-PP +consecutive B-NP B-NP +No. I-NP I-NP +1 I-NP I-NP +victories I-NP I-NP +-- O O +46 B-NP B-NP +weeks I-NP I-NP +-- O O +during B-PP B-PP +the B-NP B-NP +1962-63 I-NP I-NP +season I-NP I-NP +. O O + +Procter B-NP B-NP +& I-NP I-NP +Gamble I-NP I-NP +Co. I-NP I-NP +, O O +Cincinnati B-NP B-NP +, O O +expanding B-VP B-VP +its B-NP B-NP +presence I-NP I-NP +in B-PP B-PP +the B-NP B-NP +food I-NP I-NP +service I-NP I-NP +market I-NP I-NP +, O O +said B-VP B-VP +it B-NP B-NP +acquired B-VP B-VP +Maryland B-NP B-NP +Club I-NP I-NP +Foods I-NP I-NP +, O O +a B-NP B-NP +coffee I-NP I-NP +supplier I-NP I-NP +, O O +from B-PP B-PP +an B-NP B-NP +investor I-NP I-NP +group I-NP I-NP +led B-VP B-VP +by B-PP B-PP +F. B-NP B-NP +Philip I-NP I-NP +Handy I-NP I-NP +of B-PP B-PP +Winter B-NP B-NP +Park I-NP I-NP +, O O +Fla B-NP B-NP +. O O + +Terms B-NP B-NP +were B-VP B-VP +n't I-VP I-VP +disclosed I-VP I-VP +. O O + +Houston-based B-NP B-NP +Maryland I-NP I-NP +Club I-NP I-NP +Foods I-NP I-NP +, O O +which B-NP B-NP +had B-VP B-VP +sales B-NP B-NP +of B-PP B-PP +about B-NP B-NP +$ I-NP I-NP +200 I-NP I-NP +million I-NP I-NP +last B-NP B-NP +year I-NP I-NP +, O O +sells B-VP B-VP +coffee B-NP B-NP +under B-PP B-PP +the B-NP B-NP +Maryland I-NP I-NP +Club I-NP I-NP +and I-NP I-NP +Butter-Nut I-NP I-NP +brands I-NP I-NP +to B-PP B-PP +restaurants B-NP B-NP +, I-NP I-NP +hotels I-NP I-NP +, I-NP I-NP +offices I-NP I-NP +and I-NP I-NP +airlines I-NP I-NP +. O O + +The B-NP B-NP +acquisition I-NP I-NP +`` O O +gives B-VP B-VP +us B-NP B-NP +additional B-NP B-NP +production I-NP I-NP +capacity I-NP I-NP +for B-PP B-PP +the B-NP B-NP +food I-NP I-NP +service I-NP I-NP +coffee I-NP I-NP +business I-NP I-NP +and O O +a B-NP B-NP +stronger I-NP I-NP +distribution I-NP I-NP +network I-NP I-NP +, O O +'' O O +a B-NP B-NP +P&G I-NP I-NP +spokesman I-NP I-NP +said B-VP B-VP +. O O + +P&G B-NP B-NP +already B-ADVP B-ADVP +sells B-VP B-VP +its B-NP B-NP +Folgers I-NP I-NP +ground I-NP I-NP +roast I-NP I-NP +coffee I-NP I-NP +to B-PP B-PP +food B-NP B-NP +service I-NP I-NP +concerns I-NP I-NP +, B-PP O +but I-PP O +not I-PP O +to B-PP B-PP +as B-NP B-NP +many I-NP I-NP +markets I-NP I-NP +as B-PP B-PP +Maryland B-NP B-NP +Club I-NP I-NP +. O O + +For B-PP B-PP +example B-NP B-NP +, O O +P&G B-NP B-NP +up B-ADVP B-ADVP +until B-PP B-PP +now B-NP B-NP +has B-VP B-VP +n't I-VP I-VP +sold I-VP I-VP +coffee B-NP B-NP +to B-PP B-PP +airlines B-NP B-NP +and O O +does B-VP B-VP +only B-NP B-NP +limited I-NP I-NP +business I-NP I-NP +with B-PP B-PP +hotels B-NP B-NP +and O O +large B-NP B-NP +restaurant I-NP I-NP +chains I-NP I-NP +. O O + +Maryland B-NP B-NP +Club I-NP I-NP +also B-ADVP B-ADVP +distributes B-VP B-VP +tea B-NP B-NP +, O O +which B-NP B-NP +fits B-VP B-VP +well B-ADVP B-ADVP +with B-PP B-PP +P&G B-NP B-NP +'s B-NP B-NP +Tender I-NP I-NP +Leaf I-NP I-NP +brand I-NP I-NP +, I-NP O +and I-NP O +hot I-NP B-NP +cocoa I-NP I-NP +products I-NP I-NP +. O O + +The B-NP B-NP +company I-NP I-NP +said B-VP B-VP +the B-NP B-NP +acquisition I-NP I-NP +has B-VP B-VP +been I-VP I-VP +completed I-VP I-VP +and I-VP I-VP +reviewed I-VP I-VP +by B-PP B-PP +the B-NP B-NP +Federal I-NP I-NP +Trade I-NP I-NP +Commission I-NP I-NP +. O O + +The B-NP B-NP +purchase I-NP I-NP +includes B-VP B-VP +a B-NP B-NP +coffee-roasting I-NP I-NP +plant I-NP I-NP +in B-PP B-PP +Omaha B-NP B-NP +, O O +Neb. B-NP B-NP +, O O +and O O +a B-NP B-NP +leased I-NP I-NP +facility I-NP I-NP +in B-PP B-PP +Houston B-NP B-NP +. O O + +MACMILLAN B-NP B-NP +BLOEDEL I-NP I-NP +Ltd. I-NP I-NP +said B-VP B-VP +it B-NP B-NP +borrowed B-VP B-VP +215 B-NP B-NP +million I-NP I-NP +Dutch I-NP I-NP +guilders I-NP I-NP +-LRB- O O +US$ B-NP B-NP +102 I-NP I-NP +million I-NP I-NP +-RRB- O O +from B-PP B-PP +a B-NP B-NP +group I-NP I-NP +of B-PP B-PP +Dutch B-NP B-NP +institutional I-NP I-NP +investors I-NP I-NP +. O O + +MacMillan B-NP B-NP +Bloedel I-NP I-NP +, O O +a B-NP B-NP +Vancouver I-NP I-NP +, I-NP I-NP +British I-NP I-NP +Columbia I-NP I-NP +, I-NP I-NP +forest I-NP I-NP +products I-NP I-NP +concern I-NP I-NP +, O O +said B-VP B-VP +the B-NP B-NP +8.1 I-NP I-NP +% I-NP I-NP +loan I-NP I-NP +is B-VP B-VP +due B-ADJP B-ADJP +Oct. B-NP B-NP +16 I-NP I-NP +, I-NP I-NP +1996 I-NP I-NP +. O O + +Funds B-NP B-NP +will B-VP B-VP +be I-VP I-VP +used I-VP I-VP +to B-VP B-VP +repay I-VP I-VP +existing B-NP B-NP +short-term I-NP I-NP +debt I-NP I-NP +and O O +to B-VP B-VP +finance I-VP I-VP +capital B-NP B-NP +spending I-NP I-NP +, O O +it B-NP B-NP +said B-VP B-VP +. O O + +President B-NP B-NP +Bush I-NP I-NP +will B-VP B-VP +veto I-VP I-VP +a B-NP B-NP +bill I-NP I-NP +funding B-VP B-VP +the B-NP B-NP +Departments I-NP I-NP +of B-PP B-PP +Labor B-NP B-NP +, O I-NP +Education B-NP I-NP +and O I-NP +Health B-NP I-NP +and I-NP I-NP +Human I-NP I-NP +Services I-NP I-NP +because B-SBAR B-SBAR +it B-NP B-NP +would B-VP B-VP +allow I-VP I-VP +federal B-NP B-NP +funding I-NP I-NP +of B-PP B-PP +abortions B-NP B-NP +for B-PP B-PP +victims B-NP B-NP +of B-PP B-PP +rape B-NP B-NP +and I-NP I-NP +incest I-NP I-NP +, O O +the B-NP B-NP +White I-NP I-NP +House I-NP I-NP +said B-VP B-VP +. O O + +Mr. B-NP B-NP +Bush I-NP I-NP +had B-VP B-VP +threatened I-VP I-VP +a B-NP B-NP +veto I-NP I-NP +previously B-ADVP B-ADVP +. O O + +But O O +he B-NP B-NP +put B-VP B-VP +off B-PRT B-PRT +a B-NP B-NP +firm I-NP I-NP +decision I-NP I-NP +while B-SBAR B-SBAR +his B-NP B-NP +aides I-NP I-NP +and I-NP I-NP +legislators I-NP I-NP +searched B-VP B-VP +for B-PP B-PP +a B-NP B-NP +compromise I-NP I-NP +that B-NP B-NP +would B-VP B-VP +tighten I-VP I-VP +requirements B-NP B-NP +for B-PP B-PP +such B-NP B-NP +abortions I-NP I-NP +in B-PP B-PP +a B-NP B-NP +way I-NP I-NP +acceptable B-ADJP B-ADJP +to B-PP B-PP +the B-NP B-NP +president I-NP I-NP +. O O + +White B-NP B-NP +House I-NP I-NP +Press I-NP I-NP +Secretary I-NP I-NP +Marlin I-NP I-NP +Fitzwater I-NP I-NP +said B-VP B-VP +negotiations B-NP B-NP +between B-PP B-PP +Bush B-NP B-NP +aides I-NP I-NP +and O O +lawmakers B-NP B-NP +ended B-VP B-VP +Monday B-NP B-NP +without B-PP B-PP +success B-NP B-NP +. O O + +Most B-NP B-NP +lawmakers I-NP I-NP +think B-VP B-VP +it B-NP B-NP +will B-VP B-VP +be I-VP I-VP +extremely B-ADJP B-ADJP +difficult I-ADJP I-ADJP +for B-SBAR B-SBAR +Mr. B-NP B-NP +Bush I-NP I-NP +'s B-NP B-NP +opponents I-NP I-NP +on B-PP B-PP +the B-NP B-NP +abortion I-NP I-NP +issue I-NP I-NP +to B-VP B-VP +round I-VP I-VP +up B-PRT B-PRT +the B-NP B-NP +votes I-NP I-NP +needed B-VP B-VP +to B-VP B-VP +override I-VP I-VP +the B-NP B-NP +veto I-NP I-NP +. O O + +But O O +there B-NP B-NP +still B-ADVP B-ADVP +may B-VP B-VP +be I-VP I-VP +prolonged B-NP B-NP +debate I-NP I-NP +and O O +political B-NP B-NP +maneuvering I-NP I-NP +that B-NP B-NP +holds B-VP B-VP +up B-ADVP B-PRT +the B-NP B-NP +$ I-NP I-NP +156.7 I-NP I-NP +billion I-NP I-NP +funding I-NP I-NP +bill I-NP I-NP +for B-PP B-PP +the B-NP B-NP +fiscal I-NP I-NP +year I-NP I-NP +that B-NP B-NP +began B-VP B-VP +Oct. B-NP B-NP +1 I-NP I-NP +. O O + +Mr. B-NP B-NP +Bush I-NP I-NP +has B-VP B-VP +said I-VP I-VP +he B-NP B-NP +personally B-ADVP B-ADVP +approves B-VP B-VP +of B-PP B-PP +abortions B-NP B-NP +in B-PP B-PP +the B-NP B-NP +cases I-NP I-NP +of B-PP B-PP +rape B-NP B-NP +, O I-NP +incest B-NP I-NP +and O I-NP +danger B-NP I-NP +to B-PP B-PP +the B-NP B-NP +life I-NP I-NP +of B-PP B-PP +the B-NP B-NP +mother I-NP I-NP +. O O + +But O O +he B-NP B-NP +has B-VP B-VP +opposed I-VP I-VP +Medicaid B-NP B-NP +funding I-NP I-NP +of B-PP B-PP +abortions B-NP B-NP +for B-PP B-PP +poor B-NP B-NP +women I-NP I-NP +who B-NP B-NP +say B-VP B-VP +they B-NP B-NP +are B-VP B-VP +victims B-NP B-NP +of B-PP B-PP +rape B-NP B-NP +and I-NP I-NP +incest I-NP I-NP +, O O +arguing B-VP B-VP +that B-SBAR B-SBAR +those B-NP B-NP +exceptions I-NP I-NP +are B-VP B-VP +enforced I-VP I-VP +so B-ADVP B-ADVP +loosely I-ADVP I-ADVP +that B-SBAR B-SBAR +they B-NP B-NP +open B-VP B-VP +the B-NP B-NP +way I-NP I-NP +for B-PP B-PP +abortions B-NP B-NP +for B-PP B-PP +other B-NP B-NP +women I-NP I-NP +. O O + +NEWSPAPERS B-NP B-NP +: O O + +Media B-NP B-NP +General I-NP I-NP +Inc. I-NP I-NP +intends B-VP B-VP +to I-VP I-VP +sell I-VP I-VP +two B-NP B-NP +of B-PP B-PP +its B-NP B-NP +West I-NP I-NP +Coast I-NP I-NP +weekly I-NP I-NP +newspaper I-NP I-NP +chains I-NP I-NP +, O O +Golden B-NP B-NP +West I-NP I-NP +Publishing I-NP I-NP +Inc. I-NP I-NP +and O O +Highlander B-NP B-NP +Publications I-NP I-NP +, O O +which B-NP B-NP +together B-ADVP B-ADVP +comprise B-VP B-VP +31 B-NP B-NP +papers I-NP I-NP +. O O + +Media B-NP B-NP +General I-NP I-NP +said B-VP B-VP +it B-NP B-NP +has B-VP B-VP +had I-VP I-VP +inquiries B-NP B-NP +from B-PP B-PP +potential B-NP B-NP +buyers I-NP I-NP +and O O +expects B-VP B-VP +to I-VP I-VP +complete I-VP I-VP +a B-NP B-NP +sale I-NP I-NP +in B-PP B-PP +1989 B-NP B-NP +. O O + +It B-NP B-NP +would B-VP B-VP +n't I-VP I-VP +discuss I-VP I-VP +a B-NP B-NP +price I-NP I-NP +. O O + +Lee B-NP B-NP +Dirks I-NP I-NP +& I-NP I-NP +Associates I-NP I-NP +is B-VP B-VP +to I-VP B-VP +sell I-VP I-VP +the B-NP B-NP +chains I-NP I-NP +. O O + +J.P. B-NP B-NP +Morgan I-NP I-NP +& I-NP I-NP +Co. I-NP I-NP +, O O +New B-NP B-NP +York I-NP I-NP +, O O +will B-VP B-VP +help I-VP I-VP +the B-NP B-NP +statutory I-NP I-NP +managers I-NP I-NP +of B-PP B-PP +DFC B-NP B-NP +New I-NP I-NP +Zealand I-NP I-NP +Ltd. I-NP I-NP +to B-VP B-VP +evaluate I-VP I-VP +the B-NP B-NP +failed I-NP I-NP +investment I-NP I-NP +bank I-NP I-NP +'s B-NP B-NP +condition I-NP I-NP +. O O + +Earlier B-ADVP B-NP +this B-NP I-NP +month I-NP I-NP +, O O +the B-NP B-NP +Reserve I-NP I-NP +Bank I-NP I-NP +of B-PP B-PP +New B-NP B-NP +Zealand I-NP I-NP +, O O +the B-NP B-NP +country I-NP I-NP +'s B-NP B-NP +central I-NP I-NP +bank I-NP I-NP +, O O +appointed B-VP B-VP +the B-NP B-NP +managers I-NP I-NP +to B-VP B-VP +run I-VP I-VP +the B-NP B-NP +investment I-NP I-NP +bank I-NP I-NP +and O O +pay B-VP B-VP +creditors B-NP B-NP +. O O + +DFC B-NP B-NP +asked B-VP B-VP +the B-NP B-NP +central I-NP I-NP +bank I-NP I-NP +to B-VP B-VP +appoint I-VP I-VP +managers B-NP B-NP +after B-SBAR B-SBAR +it B-NP B-NP +revised B-VP B-VP +loan-loss B-NP B-NP +provisions I-NP I-NP +to B-PP B-PP +around B-NP B-NP +the I-NP I-NP +same I-NP I-NP +level I-NP I-NP +of B-PP B-PP +shareholders B-NP B-NP +' B-NP B-NP +funds I-NP I-NP +of B-PP B-PP +180 B-NP B-NP +million I-NP I-NP +New I-NP I-NP +Zealand I-NP I-NP +dollars I-NP I-NP +-LRB- O O +US$ B-NP B-NP +105.4 I-NP I-NP +million I-NP I-NP +-RRB- O O +. O O + +DFC B-NP B-NP +is B-VP B-VP +held I-VP I-VP +80 B-NP B-NP +% I-NP I-NP +by B-PP B-PP +National B-NP B-NP +Provident I-NP I-NP +Fund I-NP I-NP +, O O +New B-NP B-NP +Zealand I-NP I-NP +'s B-NP B-NP +largest I-NP I-NP +pension I-NP I-NP +fund I-NP I-NP +, O O +and O O +20 B-NP B-NP +% I-NP I-NP +by B-PP B-PP +Salomon B-NP B-NP +Brothers I-NP I-NP +Inc. I-NP I-NP +, O O +the B-NP B-NP +investment-bank I-NP I-NP +and I-NP I-NP +securities-firm I-NP I-NP +subsidiary I-NP I-NP +of B-PP B-PP +Salomon B-NP B-NP +Inc. I-NP I-NP +in B-PP B-PP +New B-NP B-NP +York I-NP I-NP +. O O + +A B-NP B-NP +spokeswoman I-NP I-NP +for B-PP B-PP +J.P. B-NP B-NP +Morgan I-NP I-NP +, O O +parent B-NP B-NP +of B-PP B-PP +the B-NP B-NP +bank I-NP I-NP +Morgan I-NP I-NP +Guaranty I-NP I-NP +Trust I-NP I-NP +Co. I-NP I-NP +, O O +confirmed B-VP B-VP +its B-NP B-NP +appointment I-NP I-NP +to B-VP B-VP +assist I-VP I-VP +the B-NP B-NP +managers I-NP I-NP +but O O +declined B-VP B-VP +to I-VP I-VP +elaborate I-VP I-VP +. O O + +The B-NP B-NP +managers I-NP I-NP +said B-VP B-VP +in B-PP B-PP +a B-NP B-NP +brief I-NP I-NP +statement I-NP I-NP +yesterday B-NP B-NP +that O B-SBAR +Morgan B-NP B-NP +will B-VP B-VP +help I-VP I-VP +evaluate I-VP I-VP +DFC B-NP B-NP +'s B-NP B-NP +position I-NP I-NP +and O O +help B-VP B-VP +determine I-VP I-VP +alternatives B-NP B-NP +. O O + +The B-NP B-NP +managers I-NP I-NP +do B-VP B-VP +n't I-VP I-VP +expect I-VP I-VP +to I-VP I-VP +complete I-VP I-VP +the B-NP B-NP +evaluation I-NP I-NP +until B-PP B-PP +Nov. B-NP B-NP +30 I-NP I-NP +. O O + +An B-NP B-NP +experimental I-NP I-NP +vaccine I-NP I-NP +can B-VP B-VP +alter I-VP I-VP +the B-NP B-NP +immune I-NP I-NP +response I-NP I-NP +of B-PP B-PP +people B-NP B-NP +infected B-VP B-VP +with B-PP B-PP +the B-NP B-NP +AIDS I-NP I-NP +virus I-NP I-NP +, O O +a B-NP B-NP +prominent I-NP I-NP +U.S. I-NP I-NP +scientist I-NP I-NP +said B-VP B-VP +. O O + +However B-ADVP B-ADVP +, O O +that B-NP B-NP +does B-VP B-VP +n't I-VP I-VP +mean I-VP I-VP +they B-NP B-NP +can B-VP B-VP +benefit I-VP I-VP +from B-PP B-PP +the B-NP B-NP +vaccine I-NP I-NP +. O O + +Its B-NP B-NP +effectiveness I-NP I-NP +ca B-VP B-VP +n't I-VP I-VP +be I-VP I-VP +determined I-VP I-VP +until B-SBAR B-SBAR +a B-NP B-NP +large I-NP I-NP +clinical I-NP I-NP +trial I-NP I-NP +is B-VP B-VP +undertaken I-VP I-VP +by B-PP B-PP +the B-NP B-NP +Army I-NP I-NP +in B-PP B-PP +January B-NP B-NP +, O O +according B-PP B-PP +to B-PP B-PP +Robert B-NP B-NP +Redfield I-NP I-NP +, O O +chief B-NP B-NP +of B-PP B-PP +acquired B-NP B-NP +immune I-NP I-NP +deficiency I-NP I-NP +syndrome I-NP I-NP +research I-NP I-NP +at B-PP B-PP +Walter B-NP B-NP +Reed I-NP I-NP +Army I-NP I-NP +Institute I-NP I-NP +of B-PP B-PP +Research B-NP B-NP +. O O + +Dr. B-NP B-NP +Redfield I-NP I-NP +'s B-NP B-NP +report I-NP I-NP +on B-PP B-PP +early B-NP B-NP +experiments I-NP I-NP +using B-VP B-VP +an B-NP B-NP +AIDS I-NP I-NP +vaccine I-NP I-NP +made B-VP B-VP +by B-PP B-PP +MicroGeneSys B-NP B-NP +Inc. I-NP I-NP +of B-PP B-PP +West B-NP B-NP +Haven I-NP I-NP +, O O +Conn. B-NP B-NP +, O O +came B-VP B-VP +at B-PP B-PP +a B-NP B-NP +meeting I-NP I-NP +of B-PP B-PP +AIDS B-NP B-NP +vaccine I-NP I-NP +researchers I-NP I-NP +in B-PP B-PP +Florida B-NP B-NP +late B-NP B-NP +Monday I-NP I-NP +. O O + +The B-NP B-NP +vaccine I-NP I-NP +, O O +VaxSyn B-NP B-NP +HIV-1 I-NP I-NP +, O O +has B-VP B-VP +been I-VP I-VP +safely I-VP I-VP +given I-VP I-VP +to B-PP B-PP +14 B-NP B-NP +people I-NP I-NP +, O O +some B-NP B-NP +of B-PP B-PP +whom B-NP B-NP +are B-VP B-VP +experiencing I-VP I-VP +substantial B-NP B-NP +increases I-NP I-NP +in B-PP B-PP +certain B-NP B-NP +antibodies I-NP I-NP +. O O + +`` O O +The B-NP B-NP +conventional I-NP I-NP +wisdom I-NP I-NP +used B-VP B-VP +to I-VP I-VP +be I-VP I-VP +that B-SBAR B-SBAR +you B-NP B-NP +could B-VP B-VP +n't I-VP I-VP +modify I-VP I-VP +the B-NP B-NP +immune I-NP I-NP +response I-NP I-NP +of B-PP B-PP +an B-NP B-NP +infected I-NP I-NP +individual I-NP I-NP +'' O O +by B-PP B-PP +innoculating B-VP B-VP +them B-NP B-NP +with B-PP B-PP +synthetic B-NP B-NP +viral I-NP I-NP +proteins I-NP I-NP +, O O +Dr. B-NP B-NP +Redfield I-NP I-NP +said B-VP B-VP +. O O + +`` O O +We B-NP B-NP +'ve B-VP B-VP +demonstrated I-VP I-VP +that B-SBAR B-SBAR +you B-NP B-NP +can B-VP B-VP +. O O +'' O O + +He B-NP B-NP +said B-VP B-VP +certain B-NP B-NP +volunteers I-NP I-NP +developed B-VP B-VP +kinds B-NP B-NP +of B-PP B-PP +antibodies B-NP B-NP +associated B-VP B-VP +with B-PP B-PP +early B-NP B-NP +AIDS I-NP I-NP +. O O + +Other B-NP B-NP +antibodies I-NP I-NP +sparked B-VP B-VP +by B-PP B-PP +the B-NP B-NP +preparation I-NP I-NP +are B-VP B-VP +of B-PP B-PP +a B-NP B-NP +sort I-NP I-NP +rarely B-ADJP B-VP +present I-ADJP I-VP +in B-PP B-PP +large B-NP B-NP +quantities I-NP I-NP +in B-PP B-PP +infected B-NP B-NP +or I-NP I-NP +ill I-NP I-NP +individuals I-NP I-NP +, O O +he B-NP B-NP +added B-VP B-VP +. O O + +One B-NP B-NP +of B-PP B-PP +the B-NP B-NP +mysteries I-NP I-NP +of B-PP B-PP +AIDS B-NP B-NP +remains B-VP B-VP +why B-ADVP B-ADVP +infected B-NP B-NP +people I-NP I-NP +produce B-VP B-VP +large B-NP B-NP +quantities I-NP I-NP +of B-PP B-PP +antibodies B-NP B-NP +, O O +but O O +deteriorate B-VP B-VP +nonetheless B-ADVP B-ADVP +. O O + +Cross B-NP B-NP +& I-NP I-NP +Trecker I-NP I-NP +Corp. I-NP I-NP +said B-VP B-VP +it B-NP B-NP +reached B-VP B-VP +an B-NP B-NP +agreement I-NP I-NP +to B-VP B-VP +sell I-VP I-VP +its B-NP B-NP +Wiedemann I-NP I-NP +division I-NP I-NP +to B-PP B-VP +recently B-NP I-VP +created I-NP I-VP +Murata I-NP B-NP +Wiedemann I-NP I-NP +Inc. I-NP I-NP +, O O +a B-NP B-NP +U.S. I-NP I-NP +affiliate I-NP I-NP +of B-PP B-PP +Murata B-NP B-NP +Machinery I-NP I-NP +Ltd. I-NP I-NP +of B-PP B-PP +Kyoto B-NP B-NP +, O O +Japan B-NP B-NP +. O O + +The B-NP B-NP +agreement I-NP I-NP +also B-ADVP B-ADVP +includes B-VP B-VP +the B-NP B-NP +purchase I-NP I-NP +of B-PP B-PP +Cross B-NP B-NP +& I-NP I-NP +Trecker I-NP I-NP +'s B-NP B-NP +Warner O I-NP +& O I-NP +Swasey O I-NP +-LRB- O O +Switzerland B-NP B-NP +-RRB- O O +AG B-NP B-NP +unit I-NP I-NP +by B-PP B-PP +a B-NP B-NP +European I-NP I-NP +affiliate I-NP I-NP +of B-PP B-PP +Murata B-NP B-NP +Machinery I-NP I-NP +. O O + +Cross B-NP B-NP +& I-NP I-NP +Trecker I-NP I-NP +is B-VP B-VP +also I-VP I-VP +selling I-VP I-VP +its B-NP B-NP +equity I-NP I-NP +interest I-NP I-NP +in B-PP B-PP +a B-NP B-NP +Japanese I-NP I-NP +joint I-NP I-NP +venture I-NP I-NP +, O O +Murata B-NP B-NP +Warner I-NP I-NP +Swasey I-NP I-NP +, O O +to B-PP B-PP +Murata B-NP B-NP +Machinery I-NP I-NP +. O O + +Cross B-NP B-NP +& I-NP I-NP +Trecker I-NP I-NP +, O O +a B-NP B-NP +Bloomfield I-NP I-NP +Hills I-NP I-NP +, I-NP I-NP +Mich. I-NP I-NP +, I-NP I-NP +machine-tool I-NP I-NP +maker I-NP I-NP +, O O +said B-VP B-VP +the B-NP B-NP +net I-NP I-NP +sales I-NP I-NP +price I-NP I-NP +of B-PP B-PP +the B-NP B-NP +total I-NP I-NP +transaction I-NP I-NP +is B-VP B-VP +$ B-NP B-NP +24 I-NP I-NP +million I-NP I-NP +. O O + +The B-NP B-NP +Wiedemann I-NP I-NP +division I-NP I-NP +was B-VP B-VP +one B-NP B-NP +of B-PP B-PP +three B-NP B-NP +businesses I-NP I-NP +put B-VP B-VP +up B-PRT B-PRT +for B-PP B-PP +sale B-NP B-NP +in B-PP B-PP +Cross B-NP B-NP +& I-NP I-NP +Trecker I-NP I-NP +'s B-NP B-NP +restructuring I-NP I-NP +program I-NP I-NP +announced B-VP B-VP +in B-PP B-PP +July B-NP B-NP +. O O + +Cross B-NP B-NP +& I-NP I-NP +Trecker I-NP I-NP +said B-VP B-VP +negotiations B-NP B-NP +are B-VP B-VP +under B-PP B-PP +way B-NP B-NP +for B-PP B-PP +the B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +another B-NP B-NP +company I-NP I-NP +, O O +RobertsCorp B-NP B-NP +. O O + +The B-NP B-NP +average I-NP I-NP +interest I-NP I-NP +rate I-NP I-NP +fell B-VP B-VP +to B-PP B-PP +8.292 B-NP B-NP +% I-NP I-NP +at B-PP B-PP +Citicorp B-NP B-NP +'s B-NP B-NP +$ I-NP B-ADJP +50 I-NP O +million I-NP O +weekly I-NP B-NP +auction I-NP I-NP +of B-PP B-PP +91-day B-NP B-NP +commercial I-NP I-NP +paper I-NP I-NP +, O O +or O O +corporate B-NP B-NP +IOUs I-NP I-NP +, O O +from B-PP B-PP +8.483 B-NP B-NP +% I-NP I-NP +at B-PP B-PP +last B-NP B-NP +week I-NP I-NP +'s B-NP B-NP +sale I-NP I-NP +. O O + +Bids B-NP B-NP +totaling B-VP B-VP +$ B-NP B-NP +465 I-NP I-NP +million I-NP I-NP +were B-VP B-VP +submitted I-VP I-VP +, O O +and O O +accepted B-NP B-VP +bids I-NP B-NP +were B-VP B-VP +at B-PP B-PP +8.292 B-NP B-NP +% I-NP I-NP +. O O + +Citicorp B-NP B-NP +also B-ADVP B-ADVP +said B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +average I-NP I-NP +rate I-NP I-NP +fell B-VP B-VP +to B-PP B-PP +7.986 B-NP B-NP +% I-NP I-NP +at B-PP B-PP +its B-NP B-NP +$ I-NP I-NP +50 I-NP I-NP +million I-NP I-NP +auction I-NP I-NP +of B-PP B-PP +182-day B-NP B-NP +commercial I-NP I-NP +paper I-NP I-NP +from B-PP B-PP +8.1255 B-NP B-NP +% I-NP I-NP +at B-PP B-PP +last B-NP B-NP +week I-NP I-NP +'s B-NP B-NP +sale I-NP I-NP +. O O + +Bids B-NP B-NP +totaling B-VP B-VP +$ B-NP B-NP +415 I-NP I-NP +million I-NP I-NP +were B-VP B-VP +submitted I-VP I-VP +, O O +and O O +accepted B-NP B-VP +bids I-NP B-NP +were B-VP B-VP +at B-PP B-PP +7.986 B-NP B-NP +% I-NP I-NP +. O O + +The B-NP B-NP +bank I-NP I-NP +holding I-NP I-NP +company I-NP I-NP +will B-VP B-VP +auction I-VP I-VP +another B-NP B-NP +$ I-NP I-NP +50 I-NP I-NP +million I-NP I-NP +of B-PP B-PP +commercial B-NP B-NP +paper I-NP I-NP +in B-PP B-PP +each B-NP B-NP +maturity I-NP I-NP +next B-PP B-NP +Tuesday B-NP I-NP +. O O + +Matra B-NP B-NP +S.A. I-NP I-NP +reported B-VP B-VP +its B-NP B-NP +1989 I-NP I-NP +first-half I-NP I-NP +profit I-NP I-NP +soared B-VP B-VP +88 B-NP B-NP +% I-NP I-NP +, O O +and O O +indicated B-VP B-VP +that B-SBAR B-SBAR +its B-NP B-NP +previous I-NP I-NP +estimate I-NP I-NP +of B-PP B-PP +a B-NP B-NP +50 I-NP I-NP +% I-NP I-NP +rise I-NP I-NP +in B-PP B-PP +earnings B-NP B-NP +for B-PP B-PP +all B-NP B-NP +of B-PP B-PP +1989 B-NP B-NP +will B-VP B-VP +be I-VP I-VP +exceeded I-VP I-VP +by B-PP B-PP +a B-NP B-NP +wide I-NP I-NP +margin I-NP I-NP +. O O + +The B-NP B-NP +French I-NP I-NP +electronics I-NP I-NP +and I-NP I-NP +defense I-NP I-NP +group I-NP I-NP +said B-VP B-VP +attributable B-NP B-NP +consolidated I-NP I-NP +net I-NP I-NP +profit I-NP I-NP +for B-PP B-PP +the B-NP B-NP +first I-NP I-NP +six I-NP I-NP +months I-NP I-NP +of B-PP B-PP +1989 B-NP B-NP +totaled B-VP B-VP +244 B-NP B-NP +million I-NP I-NP +francs I-NP I-NP +-LRB- O O +$ B-NP B-NP +38.4 I-NP I-NP +million I-NP I-NP +-RRB- O O +, O O +compared B-PP B-PP +with B-PP B-PP +130 B-NP B-NP +million I-NP I-NP +francs I-NP I-NP +-LRB- O O +$ B-NP B-NP +20.5 I-NP I-NP +million I-NP I-NP +-RRB- O O +in B-PP B-PP +the B-NP B-NP +corresponding I-NP I-NP +period I-NP I-NP +of B-PP B-PP + +Operating B-NP B-NP +profit I-NP I-NP +climbed B-VP B-VP +51 B-NP B-NP +% I-NP I-NP +, O O +to B-PP B-PP +572 B-NP B-NP +million I-NP I-NP +francs I-NP I-NP +from B-PP B-PP +378 B-NP B-NP +million I-NP I-NP +in B-PP B-PP +the B-NP B-NP +first I-NP I-NP +half I-NP I-NP +of B-PP B-PP +1988 B-NP B-NP +. O O + +Matra B-NP B-NP +said B-VP B-VP +the B-NP B-NP +sharp I-NP I-NP +improvement I-NP I-NP +in B-PP B-PP +net B-NP B-NP +profit I-NP I-NP +partly B-VP B-VP +reflected I-VP I-VP +a B-NP B-NP +decline I-NP I-NP +of B-PP B-PP +59 B-NP B-NP +million I-NP I-NP +francs I-NP I-NP +in B-PP B-PP +the B-NP B-NP +group I-NP I-NP +'s B-NP B-NP +net I-NP I-NP +loss I-NP I-NP +from B-PP B-PP +nonrecurring B-NP B-NP +items I-NP I-NP +in B-PP B-PP +the B-NP B-NP +first I-NP I-NP +half I-NP I-NP +of B-PP B-PP +this B-NP B-NP +year I-NP I-NP +to B-PP B-PP +104 B-NP B-NP +million I-NP I-NP +francs I-NP I-NP +from B-PP B-PP +163 B-NP B-NP +million I-NP I-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +There B-NP B-NP +was B-VP B-VP +also B-ADVP B-ADVP +a B-NP B-NP +decline I-NP I-NP +in B-PP B-PP +the B-NP B-NP +group I-NP I-NP +'s B-NP B-NP +net I-NP I-NP +financial I-NP I-NP +costs I-NP I-NP +to B-PP B-PP +25 B-NP B-NP +million I-NP I-NP +francs I-NP I-NP +from B-PP B-PP +50 B-NP B-NP +million I-NP I-NP +a B-NP B-NP +year I-NP I-NP +before B-ADVP B-ADVP +. O O + +These B-NP B-NP +movements I-NP I-NP +were B-VP B-VP +offset I-VP I-VP +, O O +however B-ADVP B-ADVP +, O O +by B-PP B-PP +a B-NP B-NP +steep I-NP I-NP +rise I-NP I-NP +in B-PP B-PP +corporate B-NP B-NP +income I-NP I-NP +tax I-NP I-NP +payments I-NP I-NP +to B-PP B-PP +199 B-NP B-NP +million I-NP I-NP +francs I-NP I-NP +from B-PP B-PP +35 B-NP B-NP +million I-NP I-NP +in B-PP B-PP +the B-NP B-NP +first I-NP I-NP +six I-NP I-NP +months I-NP I-NP +of B-PP B-PP +1988 B-NP B-NP +. O O + +Matra B-NP B-NP +said B-VP B-VP +the B-NP B-NP +sharp I-NP I-NP +rise I-NP I-NP +in B-PP B-PP +its B-NP B-NP +first-half I-NP I-NP +earnings I-NP I-NP +was B-VP B-VP +based I-VP I-VP +on B-PP B-PP +a B-NP B-NP +15 I-NP I-NP +% I-NP I-NP +gain I-NP I-NP +in B-PP B-PP +consolidated B-NP B-NP +revenue I-NP I-NP +to B-PP B-PP +10.16 B-NP B-NP +billion I-NP I-NP +francs I-NP I-NP +from B-PP B-PP +8.85 B-NP B-NP +billion I-NP I-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +Rep. B-NP B-NP +Lee I-NP I-NP +Hamilton I-NP I-NP +-LRB- O O +D. B-NP B-NP +, O O +Ind B-NP B-NP +. O O +-RRB- O O +said B-VP B-VP +he B-NP B-NP +and O O +Rep. B-NP B-NP +Byron I-NP I-NP +Dorgan I-NP I-NP +-LRB- O O +D. B-NP B-NP +, O O +N.D B-NP B-NP +. O O +-RRB- O O +are B-VP B-VP +backing I-VP I-VP +away B-ADVP B-ADVP +from B-PP B-PP +their B-NP B-NP +proposal I-NP I-NP +to B-VP B-VP +make I-VP I-VP +the B-NP B-NP +Treasury I-NP I-NP +Secretary I-NP I-NP +a B-NP B-NP +voting I-NP I-NP +member I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Federal I-NP I-NP +Reserve I-NP I-NP +panel I-NP I-NP +that B-NP B-NP +sets B-VP B-VP +monetary B-NP B-NP +policy I-NP I-NP +. O O + +Rep. B-NP B-NP +Hamilton I-NP I-NP +said B-VP B-VP +the B-NP B-NP +bill I-NP I-NP +will B-VP B-VP +be I-VP I-VP +modified I-VP I-VP +substantially B-ADVP B-ADVP +to B-VP B-VP +call I-VP I-VP +for B-PP B-PP +two B-NP B-NP +meetings I-NP I-NP +each B-NP B-NP +year I-NP I-NP +between B-PP B-PP +the B-NP B-NP +Fed I-NP I-NP +'s B-NP B-NP +open I-NP I-NP +market I-NP I-NP +committee I-NP I-NP +and O O +the B-NP B-NP +Treasury I-NP I-NP +Secretary I-NP I-NP +, O O +the B-NP B-NP +chairman I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Council I-NP I-NP +of B-PP B-PP +Economic B-NP B-NP +Advisers I-NP I-NP +and O O +the B-NP B-NP +director I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Office I-NP I-NP +of B-PP B-PP +Management B-NP B-NP +and I-NP I-NP +Budget I-NP I-NP +. O O + +The B-NP B-NP +original I-NP I-NP +bill I-NP I-NP +was B-VP B-VP +strongly I-VP I-VP +opposed I-VP I-VP +by B-PP B-PP +the B-NP B-NP +Fed I-NP I-NP +and O O +publicly B-VP B-VP +criticized I-VP I-VP +by B-PP B-PP +friends B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Fed I-NP I-NP +as B-PP B-PP +an B-NP B-NP +attempt I-NP I-NP +to B-VP B-VP +undermine I-VP I-VP +the B-NP B-NP +central I-NP I-NP +bank I-NP I-NP +'s B-NP B-NP +independence I-NP I-NP +. O O + +Fed B-NP B-NP +critics I-NP I-NP +, O O +however B-ADVP B-ADVP +, O O +hailed B-VP B-VP +it B-NP B-NP +as B-PP B-PP +a B-NP B-NP +long I-NP I-NP +overdue I-NP I-NP +attempt I-NP I-NP +to B-VP B-VP +bring I-VP I-VP +a B-NP B-NP +measure I-NP I-NP +of B-PP B-PP +openness B-NP B-NP +and I-NP I-NP +democracy I-NP I-NP +to B-PP B-PP +the B-NP B-NP +setting I-NP I-NP +of B-PP B-PP +monetary B-NP B-NP +policy I-NP I-NP +. O O + +Rep. B-NP B-NP +Hamilton I-NP I-NP +said B-VP B-VP +the B-NP B-NP +purpose I-NP I-NP +of B-PP B-PP +the B-NP B-NP +meetings I-NP I-NP +would B-VP B-VP +be I-VP I-VP +to B-VP B-VP +`` O O +improve B-VP B-VP +communications B-NP B-NP +and O O +perhaps B-ADVP B-ADVP +coordination B-NP B-NP +between B-PP B-PP +the B-NP B-NP +executive I-NP I-NP +branch I-NP I-NP +and O O +the B-NP B-NP +Fed I-NP I-NP +. O O +'' O O + +Fed B-NP B-NP +Chairman I-NP I-NP +Alan I-NP I-NP +Greenspan I-NP I-NP +meets B-VP B-VP +regularly B-ADVP B-ADVP +for B-PP B-PP +lunch B-NP B-NP +with B-PP B-PP +Treasury B-NP B-NP +Secretary I-NP I-NP +Nicholas I-NP I-NP +Brady I-NP I-NP +and O O +talks B-VP B-VP +frequently B-ADVP B-ADVP +with B-PP B-PP +Budget B-NP B-NP +Director I-NP I-NP +Richard I-NP I-NP +Darman I-NP I-NP +and O O +Michael B-NP B-NP +Boskin I-NP I-NP +, O O +chairman B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Council I-NP I-NP +of B-PP B-PP +Economic B-NP B-NP +Advisers I-NP I-NP +. O O + +The B-NP B-NP +administration I-NP I-NP +officials I-NP I-NP +do B-VP B-VP +n't I-VP I-VP +ordinarily I-VP I-VP +meet I-VP I-VP +with B-PP B-PP +the B-NP B-NP +entire I-NP I-NP +membership I-NP I-NP +of B-PP B-PP +the B-NP B-NP +open I-NP I-NP +market I-NP I-NP +committee I-NP I-NP +. O O + +B.F. B-NP B-NP +Goodrich I-NP I-NP +Co. I-NP I-NP +said B-VP B-VP +third-quarter B-NP B-NP +profits I-NP I-NP +dropped B-VP B-VP +34 B-NP B-NP +% I-NP I-NP +because B-PP B-PP +of I-PP I-PP +lower B-NP B-NP +prices I-NP I-NP +for B-PP B-PP +polyvinyl B-NP B-NP +chloride I-NP I-NP +materials I-NP I-NP +, O O +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +largest I-NP I-NP +product I-NP I-NP +group I-NP I-NP +. O O + +Net B-NP B-NP +fell B-VP B-VP +to B-PP B-PP +$ B-NP B-NP +40.1 I-NP I-NP +million I-NP I-NP +, O O +or O O +$ B-NP B-NP +1.50 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +from B-PP B-PP +$ B-NP B-NP +60.7 I-NP I-NP +million I-NP I-NP +, O O +or O O +$ B-NP B-NP +2.32 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +Sales B-NP B-NP +for B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +slipped B-VP B-VP +2.7 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +601.3 I-NP I-NP +million I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +618.1 I-NP I-NP +million I-NP I-NP +. O O + +Polyvinyl B-NP B-NP +chloride I-NP I-NP +capacity I-NP I-NP +`` O O +has B-VP B-VP +overtaken I-VP I-VP +demand B-NP B-NP +and O O +we B-NP B-NP +are B-VP B-VP +experiencing I-VP I-VP +reduced B-NP B-NP +profit I-NP I-NP +margins I-NP I-NP +as B-PP B-PP +a B-NP B-NP +result I-NP I-NP +, O O +'' O O +said B-VP B-VP +John B-NP B-NP +D. I-NP I-NP +Ong I-NP I-NP +, O O +chairman B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +. O O + +Prices B-NP B-NP +for B-PP B-PP +general-purpose B-NP B-NP +PVC I-NP I-NP +resin I-NP I-NP +have B-VP B-VP +dropped I-VP I-VP +more B-NP B-NP +than I-NP I-NP +15 I-NP I-NP +% I-NP I-NP +since B-PP B-PP +last B-NP B-NP +December I-NP I-NP +, O O +he B-NP B-NP +said B-VP B-VP +. O O + +The B-NP B-NP +plastic I-NP I-NP +resin I-NP I-NP +is B-VP B-VP +used I-VP I-VP +in B-PP B-PP +a B-NP B-NP +wide I-NP I-NP +range I-NP I-NP +of B-PP B-PP +products B-NP B-NP +, O O +including B-PP B-PP +siding B-NP B-NP +, O I-NP +pipe B-NP I-NP +and O I-NP +electrical B-NP I-NP +wire I-NP I-NP +insulation I-NP I-NP +. O O + +Goodrich B-NP B-NP +'s B-NP B-NP +vinyl-products I-NP I-NP +segment I-NP I-NP +reported B-VP B-VP +operating B-NP B-NP +profit I-NP I-NP +for B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +30.1 I-NP I-NP +million I-NP I-NP +, O O +less B-NP B-NP +than I-NP I-NP +half I-NP I-NP +the I-NP I-NP +$ I-NP I-NP +64.1 I-NP I-NP +million I-NP I-NP +of B-PP B-PP +the B-NP B-NP +year-earlier I-NP I-NP +quarter I-NP I-NP +. O O + +Third-quarter B-NP B-NP +operating I-NP I-NP +profit I-NP I-NP +of B-PP B-PP +the B-NP B-NP +specialty-chemicals I-NP I-NP +group I-NP I-NP +declined B-VP B-VP +slightly B-ADVP B-ADVP +to B-PP B-PP +$ B-NP B-NP +24.3 I-NP I-NP +million I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +24.9 I-NP I-NP +million I-NP I-NP +. O O + +But O O +operating B-NP B-NP +profit I-NP I-NP +from B-PP B-PP +aerospace B-NP B-NP +products I-NP I-NP +rose B-VP B-VP +nearly B-NP B-NP +50 I-NP I-NP +% I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +15 I-NP I-NP +million I-NP I-NP +from B-PP B-PP +$ B-NP B-NP +10.1 I-NP I-NP +million I-NP I-NP +. O O + +In B-PP B-PP +New B-NP B-NP +York I-NP I-NP +Stock I-NP I-NP +Exchange I-NP I-NP +composite I-NP I-NP +trading I-NP I-NP +, O O +shares B-NP B-NP +of B-PP B-PP +the B-NP B-NP +Akron I-NP I-NP +, I-NP I-NP +Ohio-based I-NP I-NP +company I-NP I-NP +fell B-VP B-VP +$ B-NP B-NP +1.375 I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +49.125 I-NP I-NP +. O O + +Fiat B-NP B-NP +S.p I-NP I-NP +. I-NP I-NP +A. I-NP I-NP +, O O +Italy B-NP B-NP +'s B-NP B-NP +leading I-NP I-NP +industrial I-NP I-NP +group I-NP I-NP +, O O +is B-VP B-VP +conducting I-VP I-VP +`` B-NP B-NP +concrete I-NP I-NP +'' I-NP I-NP +talks I-NP I-NP +with B-PP B-PP +West B-NP B-NP +Germany I-NP I-NP +'s B-NP B-NP +Daimler-Benz I-NP I-NP +AG I-NP I-NP +on B-PP B-PP +a B-NP B-NP +series I-NP I-NP +of B-PP B-PP +projects B-NP B-NP +in B-PP B-PP +the B-NP B-NP +aerospace I-NP I-NP +sector I-NP I-NP +, O O +Fiat B-NP B-NP +officials I-NP I-NP +said B-VP B-VP +. O O + +However B-ADVP B-ADVP +, O O +the B-NP B-NP +officials I-NP I-NP +said B-VP B-VP +it B-NP B-NP +was B-VP B-VP +too B-ADJP B-ADVP +early I-ADJP I-ADVP +to B-VP B-VP +disclose I-VP I-VP +the B-NP B-NP +nature I-NP I-NP +of B-PP B-PP +the B-NP B-NP +proposed I-NP I-NP +projects I-NP I-NP +or O O +indicate B-VP B-VP +when B-ADVP B-ADVP +the B-NP B-NP +talks I-NP I-NP +might B-VP B-VP +be I-VP I-VP +concluded I-VP I-VP +. O O + +Daimler-Benz B-NP B-NP +Chairman I-NP I-NP +Edzard I-NP I-NP +Reuter I-NP I-NP +told B-VP B-VP +Milan B-NP B-NP +'s B-NP B-NP +financial I-NP I-NP +daily I-NP I-NP +Il B-NP I-NP +Sole I-NP I-NP +24 I-NP I-NP +Ore I-NP I-NP +that B-SBAR B-SBAR +talks B-NP B-NP +are B-VP B-VP +taking I-VP I-VP +place B-NP B-NP +between B-PP B-PP +both B-NP B-NP +companies I-NP I-NP +' B-NP B-NP +aerospace I-NP I-NP +units I-NP I-NP +. O O + +`` O O +While B-SBAR B-SBAR +Mr. B-NP B-NP +Reuter I-NP I-NP +'s B-NP B-NP +comments I-NP I-NP +please B-VP B-VP +us B-NP B-NP +very B-ADVP B-ADVP +much I-ADVP I-ADVP +, O O +there B-NP B-NP +currently B-ADVP B-ADVP +are B-VP B-VP +no B-NP B-NP +talks I-NP I-NP +in B-PP B-PP +progress B-NP B-NP +regarding B-VP B-PP +the B-NP B-NP +automotive I-NP I-NP +industry I-NP I-NP +, O O +'' O O +a B-NP B-NP +Fiat I-NP I-NP +spokeswoman I-NP I-NP +said B-VP B-VP +. O O + +In B-PP B-PP +the B-NP B-NP +interview I-NP I-NP +, O O +Mr. B-NP B-NP +Reuter I-NP I-NP +said B-VP B-VP +he B-NP B-NP +is B-VP B-VP +thinking I-VP I-VP +foremost B-ADVP B-NP +of B-PP B-PP +cooperation B-NP B-NP +in B-PP B-PP +the B-NP B-NP +truck I-NP I-NP +sector I-NP I-NP +, O O +but O O +`` O O +in B-PP B-PP +the B-NP B-NP +long I-NP I-NP +run I-NP I-NP +, O O +I B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +want I-VP I-VP +to I-VP I-VP +rule I-VP I-VP +out B-PRT B-PRT +that B-SBAR B-SBAR +we B-NP B-NP +can B-VP B-VP +also I-VP I-VP +come I-VP I-VP +a B-NP B-NP +bit I-NP I-NP +closer B-ADJP B-ADVP +in B-PP B-PP +personal B-NP B-NP +cars I-NP I-NP +. O O +'' O O + +Roberto B-NP B-NP +Morelli I-NP I-NP +, O O +Italy B-NP B-NP +analyst I-NP I-NP +for B-PP B-PP +County B-NP B-NP +Natwest I-NP I-NP +Securities I-NP I-NP +in B-PP B-PP +London B-NP B-NP +, O O +said B-VP B-VP +that B-SBAR B-SBAR +right B-ADVP B-ADVP +now I-ADVP I-ADVP +`` O O +the B-NP B-NP +market I-NP I-NP +is B-VP B-VP +n't I-VP I-VP +being I-VP I-VP +influenced I-VP I-VP +by B-PP B-PP +that B-NP B-NP +kind I-NP I-NP +of B-PP B-PP +news B-NP B-NP +, O O +'' O O +referring B-VP B-VP +to B-PP B-PP +the B-NP B-NP +conditional I-NP I-NP +nature I-NP I-NP +of B-PP B-PP +the B-NP B-NP +talks I-NP I-NP +mentioned B-VP B-VP +by B-PP B-PP +Mr. B-NP B-NP +Reuter I-NP I-NP +and O B-PP +by B-PP B-PP +the B-NP B-NP +uncertainty I-NP I-NP +surrounding B-VP B-VP +world B-NP B-NP +stock I-NP I-NP +exchanges I-NP I-NP +this B-NP B-NP +week I-NP I-NP +. O O + +Paul B-NP B-NP +Tanner I-NP I-NP +was B-VP B-VP +named I-VP I-VP +president B-NP B-NP +, O O +chief B-NP B-NP +executive I-NP I-NP +officer I-NP I-NP +and O I-NP +chairman B-NP I-NP +of B-PP B-PP +this B-NP B-NP +oil I-NP I-NP +and I-NP I-NP +natural I-NP I-NP +gas I-NP I-NP +company I-NP I-NP +. O O + +He B-NP B-NP +succeeds B-VP B-VP +John B-NP B-NP +A. I-NP I-NP +Boudreau I-NP I-NP +, O O +who B-NP B-NP +resigned B-VP B-VP +for B-PP B-PP +personal B-NP B-NP +reasons I-NP I-NP +. O O + +Mr. B-NP B-NP +Tanner I-NP I-NP +had B-VP B-VP +been I-VP I-VP +president B-NP B-NP +of B-PP B-PP +Penn B-NP B-NP +Pacific I-NP I-NP +'s B-NP B-NP +National I-NP I-NP +Southwest I-NP I-NP +Capital I-NP I-NP +Group I-NP I-NP +subsidiary I-NP I-NP +. O O + +Mr. B-NP B-NP +Boudreau I-NP I-NP +will B-VP B-VP +remain I-VP I-VP +with B-PP B-PP +Penn B-NP B-NP +Pacific I-NP I-NP +as B-PP B-PP +a B-NP B-NP +director I-NP I-NP +and O O +a B-NP B-NP +member I-NP I-NP +of B-PP B-PP +the B-NP B-NP +executive I-NP I-NP +committee I-NP I-NP +. O O + +He B-NP B-NP +has B-VP B-VP +also I-VP I-VP +agreed I-VP I-VP +to I-VP I-VP +become I-VP I-VP +president B-NP B-NP +of B-PP B-PP +a B-NP B-NP +new I-NP I-NP +subsidiary I-NP I-NP +to B-VP B-VP +be I-VP I-VP +formed I-VP I-VP +to B-VP B-VP +make I-VP I-VP +future B-NP B-NP +acquisitions I-NP I-NP +, O O +the B-NP B-NP +company I-NP I-NP +said B-VP B-VP +. O O + +Spooked B-NP B-NP +investors I-NP I-NP +, O O +despite B-PP B-PP +their B-NP B-NP +stampede I-NP I-NP +to B-VP B-VP +dump I-VP I-VP +takeover B-NP B-NP +stocks I-NP I-NP +, O O +should B-VP B-VP +hold I-VP I-VP +on B-PRT B-PRT +tight B-ADVP B-ADJP +to B-PP B-PP +their B-NP B-NP +Jaguar I-NP I-NP +shares I-NP I-NP +. O O + +That B-NP B-NP +'s B-VP B-VP +the B-NP B-NP +view I-NP I-NP +of B-PP B-PP +some B-NP B-NP +analysts I-NP I-NP +here B-ADVP B-ADVP +who B-NP B-NP +argue B-VP B-VP +that B-SBAR B-SBAR +Britain B-NP B-NP +'s B-NP B-NP +leading I-NP I-NP +maker I-NP I-NP +of B-PP B-PP +luxury B-NP B-NP +cars I-NP I-NP +still B-ADVP B-ADVP +may B-VP B-VP +have I-VP I-VP +two B-NP B-NP +U.S. I-NP I-NP +auto I-NP I-NP +giants I-NP I-NP +battling B-VP B-VP +for B-PP B-PP +it B-NP B-NP +. O O + +Yesterday B-NP B-NP +, O O +Ford B-NP B-NP +Motor I-NP I-NP +disclosed B-VP B-VP +that B-SBAR B-SBAR +it B-NP B-NP +has B-VP B-VP +raised I-VP I-VP +its B-NP B-NP +holding I-NP I-NP +in B-PP B-PP +Jaguar B-NP B-NP +to B-PP B-PP +10.4 B-NP B-NP +% I-NP I-NP +from B-PP B-PP +5 B-NP B-NP +% I-NP I-NP +. O O + +Both B-NP B-NP +Ford B-NP I-NP +and O O +its B-NP B-NP +rival I-NP I-NP +General I-NP I-NP +Motors I-NP I-NP +recently B-ADVP B-ADVP +set B-VP B-VP +their B-NP B-NP +sights I-NP I-NP +on B-PP B-PP +grabbing B-VP B-VP +significant B-NP B-NP +minority I-NP I-NP +stakes I-NP I-NP +in B-PP B-PP +the B-NP B-NP +British I-NP I-NP +company I-NP I-NP +. O O + +Ford B-NP B-NP +'s B-NP B-NP +latest I-NP I-NP +move I-NP I-NP +increases B-VP B-VP +the B-NP B-NP +pressure I-NP I-NP +on B-PP B-PP +GM B-NP B-NP +to B-VP B-VP +complete I-VP I-VP +its B-NP B-NP +current I-NP I-NP +talks I-NP I-NP +with B-PP B-PP +Jaguar B-NP B-NP +quickly B-ADVP B-ADVP +. O O + +GM B-NP B-NP +is B-VP B-VP +likely B-ADJP B-ADJP +to B-VP B-VP +reach I-VP I-VP +the B-NP B-NP +cooperative I-NP I-NP +operating I-NP I-NP +pact I-NP I-NP +it B-NP B-NP +has B-VP B-VP +been I-VP I-VP +seeking I-VP I-VP +in B-PP B-PP +about B-NP B-NP +two I-NP I-NP +weeks I-NP I-NP +, O O +knowledgeable B-NP B-NP +individuals I-NP I-NP +say B-VP B-VP +. O O + +At B-PP B-PP +that B-NP B-NP +point I-NP I-NP +investors B-NP B-NP +may B-VP B-VP +face I-VP I-VP +a B-NP B-NP +long I-NP I-NP +, I-NP I-NP +bumpy I-NP I-NP +ride I-NP I-NP +. O O + +A B-NP B-NP +victor I-NP I-NP +in B-PP B-PP +the B-NP B-NP +fight I-NP I-NP +for B-PP B-PP +Jaguar B-NP B-NP +may B-VP B-VP +not I-VP I-VP +emerge I-VP I-VP +until B-PP B-PP +after B-PP B-PP +the B-NP B-NP +expiration I-NP I-NP +late B-NP B-NP +next I-NP I-NP +year I-NP I-NP +of B-PP B-PP +British B-NP B-NP +government I-NP I-NP +takeover I-NP I-NP +restrictions I-NP I-NP +. O O + +The B-NP B-NP +curbs I-NP I-NP +prevent B-VP B-VP +a B-NP B-NP +buyer I-NP I-NP +from B-PP B-PP +purchasing B-VP B-VP +more B-NP B-NP +than I-NP I-NP +15 I-NP I-NP +% I-NP I-NP +of B-PP B-PP +Jaguar B-NP B-NP +shares I-NP I-NP +without B-PP B-PP +permission B-NP B-NP +. O O + +`` O O +This B-NP B-NP +is B-VP B-VP +an B-NP B-NP +exceptionally I-NP I-NP +odd I-NP I-NP +takeover I-NP I-NP +battle I-NP I-NP +, O O +'' O O +says B-VP B-VP +London B-NP B-NP +analyst I-NP I-NP +Christopher B-NP I-NP +Will I-NP I-NP +of B-PP B-PP +Shearson B-NP B-NP +Lehman I-NP I-NP +Hutton I-NP I-NP +. O O + +Jaguar B-NP B-NP +'s B-NP B-NP +American I-NP I-NP +depositary I-NP I-NP +receipts I-NP I-NP +were B-VP B-VP +up B-ADVP B-ADVP +3\/8 B-NP B-NP +yesterday B-NP I-NP +in B-PP B-PP +a B-NP B-NP +down I-NP I-NP +market I-NP I-NP +, O O +closing B-VP B-VP +at B-PP B-PP +10 B-NP B-NP +3\/8 I-NP I-NP +. O O + +-LRB- O O +Jaguar B-NP B-NP +'s B-NP B-NP +ADRs I-NP I-NP +make B-VP B-VP +the B-NP B-NP +company I-NP I-NP +one B-NP B-NP +of B-PP B-PP +the O B-NP +most B-ADVP I-NP +widely I-ADVP I-NP +held B-NP I-NP +United I-NP I-NP +Kingdom I-NP I-NP +stocks I-NP I-NP +in B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +, O O +with B-SBAR B-PP +more B-NP B-NP +than I-NP I-NP +one-fourth I-NP I-NP +of B-PP B-PP +its B-NP B-NP +shares I-NP I-NP +owned B-VP B-VP +there B-ADVP B-ADVP +. O O +-RRB- O O + +Jaguar B-NP B-NP +topped B-VP B-VP +the B-NP B-NP +most-active I-NP I-NP +list I-NP I-NP +for B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +over-the-counter I-NP I-NP +market I-NP I-NP +Monday B-NP B-NP +. O O + +And O O +on B-PP B-PP +London B-NP B-NP +'s B-NP B-NP +Stock I-NP I-NP +Exchange I-NP I-NP +Monday B-NP B-NP +, O O +18.5 B-NP B-NP +million I-NP I-NP +shares I-NP I-NP +were B-VP B-VP +traded I-VP I-VP +, O O +far B-ADVP B-ADVP +above B-PP B-PP +the B-NP B-NP +usual I-NP I-NP +volume I-NP I-NP +. O O + +Ford B-NP B-NP +'s B-NP B-NP +share I-NP I-NP +purchases I-NP I-NP +undoubtedly B-ADVP B-ADVP +accounted B-VP B-VP +for B-PP B-PP +much B-NP B-NP +of B-PP B-PP +Monday B-NP B-NP +'s B-NP B-NP +heavy I-NP I-NP +trading I-NP I-NP +. O O + +Last B-NP B-NP +week I-NP I-NP +, O O +many B-NP B-NP +Jaguar I-NP I-NP +shareholders I-NP I-NP +took B-VP B-VP +their B-NP B-NP +money I-NP I-NP +and O O +ran B-VP B-VP +. O O + +Fears B-NP B-NP +that B-SBAR B-SBAR +Ford B-NP B-NP +'s B-NP B-NP +ardor I-NP I-NP +might B-VP B-VP +be I-VP I-VP +cooling I-VP I-VP +put B-VP B-VP +Jaguar B-NP B-NP +shares I-NP I-NP +into B-PP B-PP +reverse B-NP B-NP +after B-SBAR B-SBAR +GM B-NP B-NP +confirmed B-VP B-VP +its B-NP B-NP +friendly I-NP I-NP +negotiations I-NP I-NP +with B-PP B-PP +Jaguar B-NP B-NP +. O O + +But O O +yesterday B-NP B-NP +'s B-NP B-NP +announcement I-NP I-NP +indicates B-VP B-VP +that B-SBAR B-SBAR +Ford B-NP B-NP +has B-VP B-VP +n't I-VP I-VP +lost I-VP I-VP +interest B-NP B-NP +. O O + +Both B-NP B-NP +Shearson B-NP I-NP +'s B-NP B-NP +Mr I-NP I-NP +. I-NP I-NP +Will I-NP I-NP +and O O +Stephen B-NP B-NP +Reitman I-NP I-NP +, O O +European B-NP B-NP +auto I-NP I-NP +analyst I-NP I-NP +at B-PP B-PP +the B-NP B-NP +London I-NP I-NP +brokerage I-NP I-NP +firm I-NP I-NP +UBS-Phillips I-NP I-NP +& I-NP I-NP +Drew I-NP I-NP +, O O +recently B-ADVP B-ADVP +switched B-VP B-VP +their B-NP B-NP +Jaguar I-NP I-NP +recommendations I-NP I-NP +to B-PP B-VP +hold B-NP I-VP +from B-PP B-PP +buy B-NP B-NP +. O O + +`` O O +Sit B-VP B-VP +tight B-ADVP B-NP +'' O O +through B-PP B-PP +the B-NP B-NP +coming I-NP I-NP +volatility I-NP I-NP +, O O +Mr. B-NP B-NP +Reitman I-NP I-NP +suggests B-VP B-VP +, O O +though B-SBAR B-SBAR +he B-NP B-NP +concedes B-VP B-VP +that B-SBAR B-SBAR +many B-NP B-NP +small I-NP I-NP +investors I-NP I-NP +will B-VP B-VP +find I-VP I-VP +Jaguar B-NP B-NP +'s B-NP B-NP +zigzags I-NP I-NP +`` O O +too B-ADJP B-ADJP +hard I-ADJP I-ADJP +to B-VP B-VP +swallow I-VP I-VP +. O O +'' O O + +But O O +a B-NP B-NP +crucial I-NP I-NP +point I-NP I-NP +is B-VP B-VP +how B-ADVP B-ADVP +Ford B-NP B-NP +reacts B-VP B-VP +when B-ADVP B-ADVP +GM B-NP B-NP +, O O +the B-NP B-NP +world I-NP I-NP +'s B-NP B-NP +largest I-NP I-NP +auto I-NP I-NP +maker I-NP I-NP +, O O +firms B-VP B-VP +up B-PRT B-PRT +its B-NP B-NP +proposed I-NP I-NP +deal I-NP I-NP +with B-PP B-PP +Jaguar B-NP B-NP +. O O + +At B-PP B-PP +the B-NP B-NP +moment I-NP I-NP +, O O +Ford B-NP B-NP +executives I-NP I-NP +will B-VP B-VP +say I-VP I-VP +little B-NP B-NP +beyond B-PP B-PP +reiterating B-VP B-VP +their B-NP B-NP +desire I-NP I-NP +to B-VP B-VP +raise I-VP I-VP +Ford B-NP B-NP +'s B-NP B-NP +Jaguar I-NP I-NP +stake I-NP I-NP +to B-PP B-PP +about B-NP B-NP +15 I-NP I-NP +% I-NP I-NP +. O O + +GM B-NP B-NP +is B-VP B-VP +expected I-VP I-VP +to I-VP I-VP +inject I-VP I-VP +roughly B-NP B-NP +200 I-NP I-NP +million I-NP I-NP +-LRB- O O +$ B-NP B-NP +316 I-NP I-NP +million I-NP I-NP +-RRB- O O +by B-PP B-PP +acquiring B-VP B-VP +some B-NP B-NP +Jaguar I-NP I-NP +shares I-NP I-NP +, O O +and O O +then B-VP O +win I-VP B-VP +Jaguar B-NP B-NP +management I-NP I-NP +'s B-NP B-NP +promise I-NP I-NP +of B-PP B-PP +an B-NP B-NP +eventual I-NP I-NP +30 I-NP I-NP +% I-NP I-NP +stake I-NP I-NP +. O O + +Analysts B-NP B-NP +believe B-VP B-VP +the B-NP B-NP +car I-NP I-NP +makers I-NP I-NP +also B-ADVP B-ADVP +will B-VP B-VP +create I-VP I-VP +joint B-NP B-NP +ventures I-NP I-NP +to B-VP B-VP +develop I-VP I-VP +new B-NP B-NP +executive I-NP I-NP +models I-NP I-NP +, O O +doubling B-VP B-VP +Jaguar B-NP B-NP +'s B-NP B-NP +yearly I-NP I-NP +output I-NP I-NP +of B-PP B-PP +50,000 B-NP B-NP +cars I-NP I-NP +. O O + +Jaguar B-NP B-NP +shareholders I-NP I-NP +would B-VP B-VP +have I-VP I-VP +to I-VP I-VP +bless I-VP I-VP +such B-NP B-NP +a I-NP I-NP +far-reaching I-NP I-NP +accord I-NP I-NP +. O O + +Ford B-NP B-NP +might B-VP B-VP +challenge I-VP I-VP +the B-NP B-NP +proposal I-NP I-NP +by B-PP B-PP +offering B-VP B-VP +a B-NP B-NP +full I-NP I-NP +bid I-NP I-NP +if B-SBAR B-SBAR +holders B-NP B-NP +and O O +the B-NP B-NP +U.K. I-NP I-NP +government I-NP I-NP +agreed B-VP B-VP +to I-VP I-VP +drop I-VP I-VP +the B-NP B-NP +anti-takeover I-NP I-NP +barrier I-NP I-NP +early B-ADVP B-ADVP +. O O + +`` O O +I B-NP B-NP +think B-VP B-VP +Ford B-NP B-NP +is B-VP B-VP +going I-VP I-VP +to I-VP I-VP +come I-VP I-VP +out B-PRT B-ADVP +with B-PP B-PP +full B-NP B-NP +guns I-NP I-NP +blazing B-VP B-VP +, O O +'' O O +Mr. B-NP B-NP +Reitman I-NP I-NP +says B-VP B-VP +. O O + +`` O O +Ford B-NP B-NP +wants B-VP B-VP +-LCB- O O +Jaguar B-NP B-NP +-RCB- O O +very B-ADVP B-ADVP +much I-ADVP I-ADVP +. O O +'' O O + +U.S. B-NP B-NP +takeover-stock I-NP I-NP +speculators I-NP I-NP +, O O +who B-NP B-NP +may B-VP B-VP +own I-VP I-VP +between B-NP B-NP +20 I-NP I-NP +% I-NP I-NP +and I-NP O +30 I-NP B-NP +% I-NP I-NP +of B-PP B-PP +Jaguar B-NP B-NP +, O O +could B-VP B-VP +give I-VP I-VP +Ford B-NP B-NP +enough B-NP B-NP +votes I-NP I-NP +to B-VP B-VP +block I-VP I-VP +the B-NP B-NP +GM I-NP I-NP +deal I-NP I-NP +. O O + +GM B-NP B-NP +might B-VP B-VP +counterbid I-VP I-VP +. O O + +Then B-ADVP B-ADVP +, O O +Mr B-NP B-NP +. I-NP I-NP +Will I-NP I-NP +says B-VP B-VP +, O O +`` O O +you B-NP B-NP +get B-VP B-VP +a B-NP B-NP +bidding I-NP I-NP +war I-NP I-NP +between B-PP B-PP +two B-NP B-NP +very I-NP I-NP +rich I-NP I-NP +, I-NP I-NP +very I-NP I-NP +determined I-NP I-NP +international I-NP I-NP +companies I-NP I-NP +. O O +'' O O + +He B-NP B-NP +believes B-VP B-VP +Jaguar B-NP B-NP +'s B-NP B-NP +share I-NP I-NP +price I-NP I-NP +could B-VP B-VP +zoom I-VP I-VP +to B-PP B-PP +between B-NP B-NP +8 I-NP I-NP +and I-NP I-NP +10 I-NP I-NP +-LRB- O O +$ B-NP B-NP +12.60 I-NP I-NP +to I-NP I-NP +$ I-NP I-NP +15.80 I-NP I-NP +-RRB- O O +. O O + +`` O O +There B-NP B-NP +'s B-VP B-VP +quite B-NP B-NP +a I-NP I-NP +bit I-NP I-NP +of B-PP B-PP +value B-NP B-NP +left B-VP B-VP +in B-PP B-PP +the O O +-LCB- O O +Jaguar B-NP O +-RCB- B-NP O +shares I-NP B-NP +here B-ADVP B-ADVP +even B-ADVP B-SBAR +though B-SBAR I-SBAR +they B-NP B-NP +have B-VP B-VP +run I-VP I-VP +up B-PRT B-PRT +'' O O +lately B-ADVP B-ADVP +, O O +says B-VP B-VP +Doug B-NP B-NP +Johnson I-NP I-NP +, O O +a B-NP B-NP +fund I-NP I-NP +manager I-NP I-NP +for B-PP B-PP +Seattle-based B-NP B-NP +Safeco I-NP I-NP +Asset I-NP I-NP +Management I-NP I-NP +. O O + +At B-PP B-PP +the B-NP B-NP +moment I-NP I-NP +, O O +he B-NP B-NP +intends B-VP B-VP +to I-VP I-VP +keep I-VP I-VP +the B-NP B-NP +firm I-NP I-NP +'s B-NP B-NP +180,000 I-NP I-NP +Jaguar I-NP I-NP +shares I-NP I-NP +. O O + +The B-NP B-NP +risk I-NP I-NP +is B-VP B-VP +that B-SBAR B-SBAR +Jaguar B-NP B-NP +'s B-NP B-NP +share I-NP I-NP +price I-NP I-NP +could B-VP B-VP +slump I-VP I-VP +if B-SBAR B-SBAR +GM B-NP B-NP +'s B-NP B-NP +agreement I-NP I-NP +with B-PP B-PP +Jaguar B-NP B-NP +effectively B-VP B-ADVP +locks I-VP B-VP +out B-PRT B-PRT +its B-NP B-NP +U.S. I-NP I-NP +rival I-NP I-NP +. O O + +`` O O +Ford B-NP B-NP +'s B-NP B-NP +appetite I-NP I-NP +to B-VP B-VP +attack I-VP I-VP +-LCB- O O +Jaguar B-NP B-NP +-RCB- O O +could B-VP B-VP +gradually I-VP I-VP +wane I-VP I-VP +over B-PP B-PP +time B-NP B-NP +, O O +particularly B-ADVP B-ADVP +if B-SBAR B-SBAR +Saab B-NP B-NP +is B-VP B-VP +a B-NP B-NP +reasonably I-NP I-NP +attractive I-NP I-NP +proposition I-NP I-NP +, O O +'' O O +says B-VP B-VP +John B-NP B-NP +Lawson I-NP I-NP +, O O +an B-NP B-NP +auto I-NP I-NP +analyst I-NP I-NP +at B-PP B-PP +London B-NP B-NP +'s B-NP B-NP +Nomura I-NP I-NP +Research I-NP I-NP +Institute I-NP I-NP +. O O + +He B-NP B-NP +thinks B-VP B-VP +Saab-Scania B-NP B-NP +AB I-NP I-NP +on B-PP B-PP +Friday B-NP B-NP +will B-VP B-VP +announce I-VP I-VP +the B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +50 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +its B-NP B-NP +car I-NP I-NP +division I-NP I-NP +to B-PP B-PP +Ford B-NP B-NP +; O O +the B-NP B-NP +companies I-NP I-NP +have B-VP B-VP +been I-VP I-VP +discussing I-VP I-VP +closer B-NP B-NP +cooperation I-NP I-NP +for B-PP B-PP +months B-NP B-NP +. O O + +Clifford B-NP B-NP +Stahl I-NP I-NP +, O O +president B-NP B-NP +and O O +chief B-NP B-NP +investment I-NP I-NP +officer I-NP I-NP +of B-PP B-PP +C-S B-NP B-NP +Capital I-NP I-NP +Advisors I-NP I-NP +Inc. I-NP I-NP +, O O +two B-NP B-NP +weeks I-NP I-NP +ago B-ADVP B-ADVP +sold B-VP B-VP +his B-NP B-NP +Cincinnati I-NP I-NP +firm I-NP I-NP +'s B-NP B-NP +107,100 I-NP I-NP +Jaguar I-NP I-NP +ADRs I-NP I-NP +at B-PP B-PP +about B-NP B-NP +10 I-NP I-NP +each B-NP B-NP +, O O +making B-VP B-VP +a B-NP B-NP +tidy I-NP I-NP +profit I-NP I-NP +on B-PP B-PP +a B-NP B-NP +holding I-NP I-NP +purchased B-VP B-VP +at B-PP B-PP +4 B-NP B-NP +7\/8 I-NP I-NP +in B-PP B-PP +early B-NP B-NP +May I-NP I-NP +. O O + +`` O O +I B-NP B-NP +thought B-VP B-VP +the B-NP B-NP +probabilities I-NP I-NP +of B-PP B-PP +-LCB- O O +a B-NP B-NP +bidding I-NP I-NP +war I-NP I-NP +-RCB- O O +happening B-VP B-VP +were B-VP B-VP +less B-ADJP B-ADJP +, O O +'' O O +he B-NP B-NP +says B-VP B-VP +. O O + +Of B-PP B-PP +course B-NP B-NP +, O O +that B-NP B-NP +was B-VP B-VP +before B-PP B-PP +Ford B-NP B-NP +'s B-NP B-NP +latest I-NP I-NP +move I-NP I-NP +. O O + +Jaguar B-NP B-NP +-LRB- O O +OTC B-NP B-NP +; O O +Symbol B-NP B-NP +: O O +JAGRY B-NP B-NP +-RRB- O O + +Business B-NP B-NP +: O O +Luxury B-NP B-NP +cars I-NP I-NP + +Year B-NP B-NP +ended B-VP B-VP +Dec. B-NP B-NP +31 I-NP I-NP +, I-NP I-NP +1988 I-NP I-NP +: O O + +Revenue B-NP B-NP +: O O +$ B-NP B-NP +1.71 I-NP I-NP +billion I-NP I-NP + +Net B-NP B-NP +income I-NP I-NP +: O O +$ B-NP B-NP +44.9 I-NP I-NP +million I-NP I-NP +; O O +or O O +25 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP + +First B-NP B-NP +half I-NP I-NP +ended B-VP B-VP +, O O +June B-NP B-NP +30 I-NP I-NP +, I-NP I-NP +1989 I-NP I-NP +: O O + +Net B-NP B-NP +loss I-NP I-NP +: O O +$ B-NP B-NP +1.7 I-NP I-NP +million I-NP I-NP +vs. B-PP O +net B-NP B-NP +income I-NP I-NP +: O O +$ B-NP B-NP +21.2 I-NP I-NP +million I-NP I-NP +; O O +or O O +12 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP + +Averae B-NP B-NP +daily I-NP I-NP +trading I-NP I-NP +volume I-NP I-NP +: O O +Ordinary B-NP B-NP +shares I-NP I-NP +outstanding B-ADJP B-ADJP +: O O +182.9 B-NP B-NP +million I-NP I-NP + +NOTE B-NP B-NP +: O O +All B-NP B-NP +figures I-NP I-NP +are B-VP B-VP +translated I-VP I-VP +into B-PP B-PP +U.S. B-NP B-NP +dollars I-NP I-NP +based B-PP B-PP +on B-PP B-PP +current B-NP B-NP +exchange I-NP I-NP +rates I-NP I-NP +. O O + +A.F. B-NP B-NP +Sloan I-NP I-NP +, O O +60 B-NP B-NP +years I-NP I-NP +old B-ADJP B-ADJP +, O O +announced B-VP B-VP +that B-SBAR B-SBAR +he B-NP B-NP +will B-VP B-VP +retire I-VP I-VP +next B-NP B-NP +April I-NP I-NP +as B-PP B-PP +chairman B-NP B-NP +and O O +chief B-NP B-NP +executive I-NP I-NP +officer I-NP I-NP +of B-PP B-PP +this B-NP B-NP +snack I-NP I-NP +food I-NP I-NP +and I-NP I-NP +bakery I-NP I-NP +products I-NP I-NP +maker I-NP I-NP +. O O + +No B-NP B-NP +replacement I-NP I-NP +was B-VP B-VP +immediately I-VP I-VP +named I-VP I-VP +. O O + +Mr. B-NP B-NP +Sloan I-NP I-NP +plans B-VP B-VP +to I-VP I-VP +remain I-VP I-VP +on B-PP B-PP +the B-NP B-NP +board I-NP I-NP +until B-SBAR B-SBAR +his B-NP B-NP +current I-NP I-NP +term I-NP I-NP +expires B-VP B-VP +in B-PP B-PP +April B-NP B-NP +1991 I-NP I-NP +, O O +a B-NP B-NP +Lance I-NP I-NP +spokesman I-NP I-NP +said B-VP B-VP +. O O + +Newport B-NP B-NP +Electronics I-NP I-NP +Inc. I-NP I-NP +of B-PP B-PP +Santa B-NP B-NP +Ana I-NP I-NP +, O O +Calif. B-NP B-NP +, O O +said B-VP B-VP +Milton B-NP B-NP +B. I-NP I-NP +Hollander I-NP I-NP +, O O +who B-NP B-NP +holds B-VP B-VP +a B-NP B-NP +49.4 I-NP I-NP +% I-NP I-NP +stake I-NP I-NP +, O O +requested B-VP B-VP +a B-NP B-NP +special I-NP I-NP +shareholders I-NP I-NP +' B-NP B-NP +meeting I-NP I-NP +next B-NP B-NP +Wednesday I-NP I-NP +to B-VP B-VP +remove I-VP I-VP +four B-NP B-NP +current I-NP I-NP +directors I-NP I-NP +and O O +elect B-VP B-VP +an B-NP B-NP +alternative I-NP I-NP +slate I-NP I-NP +. O O + +Mr. B-NP B-NP +Hollander I-NP I-NP +'s B-NP B-NP +High I-NP I-NP +Technology I-NP I-NP +Holding I-NP I-NP +Co. I-NP I-NP +of B-PP B-PP +Stamford B-NP B-NP +, O O +Conn. B-NP B-NP +, O O +acquired B-VP B-VP +most B-NP B-NP +of B-PP B-PP +its B-NP B-NP +stake I-NP I-NP +last B-NP B-NP +August I-NP I-NP +in B-PP B-PP +an B-NP B-NP +$ I-NP I-NP +11-a-share I-NP I-NP +tender I-NP I-NP +offer I-NP I-NP +for B-PP B-PP +Newport B-NP B-NP +, O O +a B-NP B-NP +maker I-NP I-NP +of B-PP B-PP +electronic-measuring B-NP B-NP +devices I-NP I-NP +. O O + +Newport B-NP B-NP +said B-VP B-VP +Mr. B-NP B-NP +Hollander I-NP I-NP +is B-VP B-VP +asking I-VP I-VP +shareholders B-NP B-NP +to B-VP B-VP +retain I-VP I-VP +only B-NP B-NP +one I-NP I-NP +director I-NP I-NP +, O O +James B-NP B-NP +R. I-NP I-NP +Lees I-NP I-NP +, O O +a B-NP B-NP +Newport I-NP I-NP +vice I-NP I-NP +president I-NP I-NP +. O O + +The B-NP B-NP +board I-NP I-NP +is B-VP B-VP +n't I-VP I-VP +proposing I-VP I-VP +a B-NP B-NP +slate I-NP I-NP +of B-PP B-PP +its B-NP B-NP +own I-NP I-NP +and O O +the B-NP B-NP +other I-NP I-NP +four I-NP I-NP +current I-NP I-NP +directors I-NP I-NP +do B-VP B-VP +n't I-VP I-VP +want I-VP I-VP +to I-VP I-VP +serve I-VP I-VP +beyond B-PP B-PP +the B-NP B-NP +special I-NP I-NP +meeting I-NP I-NP +date I-NP I-NP +, O O +Newport B-NP B-NP +said B-VP B-VP +. O O + +Mr. B-NP B-NP +Hollander I-NP I-NP +`` O O +is B-VP B-VP +the B-NP B-NP +new I-NP I-NP +owner I-NP I-NP +and O O +wants B-VP B-VP +to I-VP I-VP +exercise I-VP I-VP +control B-NP B-NP +, O O +'' O O +said B-VP B-VP +Barret B-NP B-NP +B. I-NP I-NP +Weekes I-NP I-NP +, O O +Newport B-NP B-NP +'s B-NP B-NP +chairman I-NP I-NP +. O O + +Sandoz B-NP B-NP +AG I-NP I-NP +, O O +a B-NP B-NP +major I-NP I-NP +Swiss I-NP I-NP +chemical I-NP I-NP +and I-NP I-NP +pharmaceutical I-NP I-NP +group I-NP I-NP +, O O +said B-VP B-VP +that O B-SBAR +its B-NP B-NP +group I-NP I-NP +sales I-NP I-NP +rose B-VP B-VP +25 B-NP B-NP +% I-NP I-NP +to B-PP B-PP +9.482 B-NP B-NP +billion I-NP I-NP +francs I-NP I-NP +-LRB- O O +$ B-NP B-NP +5.80 I-NP I-NP +billion I-NP I-NP +-RRB- O O +in B-PP B-PP +the B-NP B-NP +first I-NP I-NP +nine I-NP I-NP +months I-NP I-NP +of B-PP B-PP +this B-NP B-NP +year I-NP I-NP +, O O +with B-PP B-PP +strong B-NP B-NP +gains I-NP I-NP +in B-PP B-PP +all B-NP B-NP +divisions I-NP I-NP +. O O + +A B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +sales B-NP B-NP +totaled B-VP B-VP +7.567 B-NP B-NP +billion I-NP I-NP +francs I-NP I-NP +. O O + +Positive B-NP B-NP +currency I-NP I-NP +rates I-NP I-NP +and O O +strong B-NP B-NP +sales I-NP I-NP +growth I-NP I-NP +led B-VP B-VP +to B-PP B-PP +a B-NP B-NP +substantial I-NP I-NP +rise I-NP I-NP +in B-PP B-PP +consolidated B-NP B-NP +profit I-NP I-NP +in B-PP B-PP +the B-NP B-NP +period I-NP I-NP +, O O +although B-SBAR B-SBAR +the B-NP B-NP +company I-NP I-NP +did B-VP B-VP +n't I-VP I-VP +provide I-VP I-VP +figures B-NP B-NP +, O O +as B-SBAR B-SBAR +is B-VP B-VP +customary B-ADJP B-ADJP +with B-PP B-PP +Swiss B-NP B-NP +companies I-NP I-NP +. O O + +Sandoz B-NP B-NP +said B-VP B-VP +it B-NP B-NP +expects B-VP B-VP +a B-NP B-NP +`` I-NP I-NP +substantial I-NP I-NP +increase I-NP I-NP +'' O O +in B-PP B-PP +consolidated B-NP B-NP +profit I-NP I-NP +for B-PP B-PP +the B-NP B-NP +full I-NP I-NP +year I-NP I-NP +, O O +barring B-VP B-VP +major B-NP B-NP +currency I-NP I-NP +rate I-NP I-NP +changes I-NP I-NP +. O O + +Amstrad B-NP B-NP +PLC I-NP I-NP +, O O +a B-NP B-NP +British I-NP I-NP +maker I-NP I-NP +of B-PP B-PP +computer B-NP B-NP +hardware I-NP I-NP +and O O +communications B-NP B-NP +equipment I-NP I-NP +, O O +posted B-VP B-VP +a B-NP B-NP +52 I-NP I-NP +% I-NP I-NP +plunge I-NP I-NP +in B-PP B-PP +pretax B-NP B-NP +profit I-NP I-NP +for B-PP B-PP +the B-NP B-NP +latest I-NP I-NP +year I-NP I-NP +. O O + +The B-NP B-NP +76.6 I-NP I-NP +million I-NP I-NP +-LRB- O O +$ B-NP B-NP +120.6 I-NP I-NP +million I-NP I-NP +-RRB- O O +in B-PP B-PP +pretax B-NP B-NP +profit I-NP I-NP +for B-PP B-PP +the B-NP B-NP +12 I-NP I-NP +months I-NP I-NP +to B-PP B-PP +June B-NP B-NP +30 I-NP I-NP +was B-VP B-VP +down B-ADVP B-ADVP +from B-PP B-PP +160 B-NP B-NP +million I-NP I-NP +-LRB- O O +$ B-NP B-NP +252 I-NP I-NP +million I-NP I-NP +-RRB- O O +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +and O O +below B-PP B-PP +market B-NP B-NP +expectations I-NP I-NP +of B-PP B-PP +80 B-NP B-NP +million I-NP I-NP +and I-NP O +90 I-NP B-NP +million I-NP I-NP +. O O + +The B-NP B-NP +slump I-NP I-NP +in B-PP B-PP +profit B-NP B-NP +, O O +which B-NP B-NP +came B-VP B-VP +despite B-PP B-PP +steady B-NP B-NP +sales I-NP I-NP +, O O +was B-VP B-VP +attributed I-VP I-VP +to B-PP B-PP +increased B-NP B-NP +costs I-NP I-NP +for B-PP B-PP +parts B-NP B-NP +and O I-NP +problems B-NP I-NP +with B-PP B-PP +model B-NP B-NP +introductions I-NP I-NP +. O O + +Amstrad B-NP B-NP +'s B-NP B-NP +profit I-NP I-NP +after B-PP B-PP +taxes B-NP B-NP +fell B-VP B-VP +a B-NP B-NP +similarly I-NP I-NP +steep I-NP I-NP +51 I-NP I-NP +% I-NP I-NP +, O O +to B-PP B-PP +51.1 B-NP B-NP +million I-NP I-NP +from B-PP B-PP +105 B-NP B-NP +million I-NP I-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +Sales B-NP B-NP +edged B-VP B-VP +up B-ADVP B-ADVP +fractionally B-ADVP B-ADVP +to B-PP B-PP +626.3 B-NP B-NP +million I-NP I-NP +from B-PP B-PP +625.4 B-NP B-NP +million I-NP I-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +Microsoft B-NP B-NP +Corp. I-NP I-NP +'s B-NP B-NP +earnings I-NP I-NP +growth I-NP I-NP +continued B-VP B-VP +to I-VP I-VP +outstrip I-VP I-VP +that B-NP B-NP +of B-PP B-PP +most B-NP B-NP +of B-PP B-PP +its B-NP B-NP +competitors I-NP I-NP +and I-NP O +customers I-NP B-NP +in B-PP B-PP +the B-NP B-NP +personal-computer I-NP I-NP +industry I-NP I-NP +, O O +as B-SBAR B-SBAR +it B-NP B-NP +reported B-VP B-VP +a B-NP B-NP +36 I-NP I-NP +% I-NP I-NP +jump I-NP I-NP +in B-PP B-PP +fiscal B-NP B-NP +first-quarter I-NP I-NP +earnings I-NP I-NP +on B-PP B-PP +a B-NP B-NP +33 I-NP I-NP +% I-NP I-NP +revenue I-NP I-NP +gain I-NP I-NP +. O O + +The B-NP B-NP +Redmond I-NP I-NP +, I-NP I-NP +Wash. I-NP I-NP +company I-NP I-NP +, O O +a B-NP B-NP +bellwether I-NP I-NP +provider I-NP I-NP +of B-PP B-PP +operating B-NP B-NP +systems I-NP I-NP +and O O +software B-NP B-NP +for B-PP B-PP +personal-computer B-NP B-NP +makers I-NP I-NP +and I-NP O +users I-NP B-NP +, O O +reported B-VP B-VP +net B-NP B-NP +income I-NP I-NP +for B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +ended B-VP B-VP +Sept. B-NP B-NP +30 I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +49.6 I-NP I-NP +million I-NP I-NP +, O O +or O O +87 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +up B-ADVP B-ADVP +from B-PP B-PP +$ B-NP B-NP +36.6 I-NP I-NP +million I-NP I-NP +, O O +or O O +65 B-NP B-NP +cents I-NP I-NP +a B-NP B-NP +share I-NP I-NP +, O O +in B-PP B-PP +the B-NP B-NP +year-ago I-NP I-NP +period I-NP I-NP +. O O + +Revenue B-NP B-NP +rose B-VP B-VP +to B-PP B-PP +$ B-NP B-NP +235.2 I-NP I-NP +million I-NP I-NP +, O O +from B-PP B-PP +$ B-NP B-NP +176.4 I-NP I-NP +million I-NP I-NP +. O O + +Microsoft B-NP B-NP +previously B-ADVP B-ADVP +indicated B-VP B-VP +it B-NP B-NP +would B-VP B-VP +have I-VP I-VP +a B-NP B-NP +strong I-NP I-NP +quarter I-NP I-NP +by B-PP B-PP +forecasting B-VP B-VP +its B-NP B-NP +revenue I-NP I-NP +gain I-NP I-NP +on B-PP B-PP +Oct. B-NP B-NP +4 I-NP I-NP +, O O +causing B-VP B-VP +a O B-NP +$ B-NP I-NP +6.50 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +jump B-NP I-NP +in B-PP B-PP +its B-NP B-NP +stock I-NP I-NP +. O O + +But O O +its B-NP B-NP +stock I-NP I-NP +jumped B-VP B-VP +again B-ADVP B-ADVP +yesterday B-NP B-NP +as B-SBAR B-SBAR +it B-NP B-NP +disclosed B-VP B-VP +surprisingly B-NP B-NP +strong I-NP I-NP +margins I-NP I-NP +on B-PP B-PP +those B-NP B-NP +sales I-NP I-NP +. O O + +Microsoft B-NP B-NP +'s B-NP B-NP +stock I-NP I-NP +rose B-VP B-VP +$ B-NP B-NP +2.875 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +in B-PP B-PP +national B-NP B-NP +over-the-counter I-NP I-NP +trading I-NP I-NP +to B-PP B-PP +$ B-NP B-NP +78.625 I-NP I-NP +. O O + +The B-NP B-NP +stock I-NP I-NP +had B-VP B-VP +hit I-VP I-VP +a B-NP B-NP +high I-NP I-NP +of B-PP B-PP +$ B-NP B-NP +81 I-NP I-NP +a B-NP B-NP +share I-NP I-NP +early B-ADVP B-NP +last B-NP I-NP +week I-NP I-NP +but O O +collapsed B-VP B-VP +to B-PP B-PP +$ B-NP B-NP +73.50 I-NP I-NP +in B-PP B-PP +the B-NP B-NP +Friday I-NP I-NP +stock I-NP I-NP +plunge I-NP I-NP +. O O + +The B-NP B-NP +company I-NP I-NP +had B-VP B-VP +been I-VP I-VP +experiencing I-VP I-VP +softening B-NP B-NP +margins I-NP I-NP +because B-PP B-PP +of I-PP I-PP +increased B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +software B-NP B-NP +applications I-NP I-NP +, O O +which B-NP B-NP +have B-VP B-VP +lower B-NP B-NP +margins I-NP I-NP +than B-SBAR B-SBAR +do B-VP B-VP +operating B-NP B-NP +systems I-NP I-NP +. O O + +But O O +the B-NP B-NP +company I-NP I-NP +said B-VP B-VP +that B-NP B-NP +trend I-NP I-NP +was B-VP B-VP +offset I-VP I-VP +in B-PP B-PP +the B-NP B-NP +first I-NP I-NP +quarter I-NP I-NP +by B-PP B-PP +better B-NP B-NP +economies I-NP I-NP +of B-PP B-PP +scale B-NP B-NP +and O I-NP +efficiencies B-NP I-NP +in B-PP B-PP +manufacturing B-NP B-NP +. O O + +As B-PP B-PP +a B-NP B-NP +result I-NP I-NP +, O O +Microsoft B-NP B-NP +'s B-NP B-NP +cost I-NP I-NP +of B-PP B-PP +goods B-NP B-NP +, O O +as B-PP B-PP +a B-NP B-NP +percentage I-NP I-NP +of B-PP B-PP +sales B-NP B-NP +, O O +fell B-VP B-VP +17 B-NP B-NP +% I-NP I-NP +from B-PP B-PP +the B-NP B-NP +year-ago I-NP I-NP +quarter I-NP I-NP +and O O +13 B-NP B-NP +% I-NP I-NP +from B-PP B-PP +the B-NP B-NP +previous I-NP I-NP +period I-NP I-NP +. O O + +The B-NP B-NP +trend I-NP I-NP +drove B-VP B-VP +up B-ADVP B-PRT +the B-NP B-NP +aftertax I-NP I-NP +margin I-NP I-NP +-- O O +net B-NP B-NP +income I-NP I-NP +as B-PP B-PP +a B-NP B-NP +percentage I-NP I-NP +of B-PP B-PP +revenues B-NP B-NP +-- O O +to B-PP B-PP +21.1 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +the B-NP B-NP +quarter I-NP I-NP +, O O +compared B-PP B-PP +with B-PP B-PP +20.7 B-NP B-NP +% I-NP I-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +Microsoft B-NP B-NP +officials I-NP I-NP +said B-VP B-VP +the B-NP B-NP +strong I-NP I-NP +results I-NP I-NP +also B-ADVP B-ADVP +reflected B-VP B-VP +continuing B-NP B-NP +high I-NP I-NP +demand I-NP I-NP +for B-PP B-PP +its B-NP B-NP +software I-NP I-NP +applications I-NP I-NP +and O I-NP +operating B-NP I-NP +systems I-NP I-NP +. O O + +While B-SBAR B-SBAR +it B-NP B-NP +has B-VP B-VP +predicted I-VP I-VP +that B-SBAR B-SBAR +overall B-NP B-NP +growth I-NP I-NP +in B-PP B-PP +unit B-NP B-NP +sales I-NP I-NP +of B-PP B-PP +personal B-NP B-NP +computers I-NP I-NP +is B-VP B-VP +slowing I-VP I-VP +to B-PP B-PP +about B-NP B-NP +a I-NP I-NP +10 I-NP I-NP +% I-NP I-NP +yearly I-NP I-NP +rate I-NP I-NP +, O O +its B-NP B-NP +own I-NP I-NP +products I-NP I-NP +are B-VP B-VP +selling I-VP I-VP +at B-PP B-PP +a B-NP B-NP +much I-NP I-NP +faster I-NP I-NP +rate I-NP I-NP +because B-SBAR B-SBAR +many B-NP B-NP +are B-VP B-VP +geared I-VP I-VP +to B-PP B-PP +the B-NP B-NP +high-performance I-NP I-NP +end I-NP I-NP +of B-PP B-PP +the B-NP B-NP +market I-NP I-NP +. O O + +That B-NP B-NP +segment I-NP I-NP +continues B-VP B-VP +to I-VP I-VP +post I-VP I-VP +strong B-NP B-NP +quarter-to-quarter I-NP I-NP +gains I-NP I-NP +, O O +while B-SBAR B-SBAR +the B-NP B-NP +low-end I-NP I-NP +, I-NP I-NP +or I-NP I-NP +commodity I-NP I-NP +segment I-NP I-NP +, O O +of B-PP B-PP +the B-NP B-NP +industry I-NP I-NP +is B-VP B-VP +experiencing I-VP I-VP +sluggish B-NP B-NP +growth I-NP I-NP +or O O +even B-ADVP B-NP +sales B-NP I-NP +declines I-NP I-NP +. O O + +Compared B-PP B-PP +with B-PP B-PP +its B-NP B-NP +previous I-NP I-NP +quarter I-NP I-NP +, O O +the B-NP B-NP +final I-NP I-NP +period I-NP I-NP +of B-PP B-PP +its B-NP B-NP +1989 I-NP I-NP +fiscal I-NP I-NP +year I-NP I-NP +, O O +net B-NP B-NP +rose B-VP B-VP +9 B-NP B-NP +% I-NP I-NP +, O O +and O O +sales B-NP B-NP +rose B-VP B-VP +7 B-NP B-NP +% I-NP I-NP +. O O + +Control B-NP B-NP +Data I-NP I-NP +Corp. I-NP I-NP +, O O +Minneapolis B-NP B-NP +, O O +signed B-VP B-VP +a B-NP B-NP +joint I-NP I-NP +development I-NP I-NP +agreement I-NP I-NP +with B-PP B-PP +MIPS B-NP B-NP +Computer I-NP I-NP +Systems I-NP I-NP +Inc. I-NP I-NP +to B-VP B-VP +incorporate I-VP I-VP +an B-NP B-NP +emerging I-NP I-NP +computing I-NP I-NP +architecture I-NP I-NP +in B-PP B-PP +future B-NP B-NP +machines I-NP I-NP +. O O + +MIPS B-NP B-NP +is B-VP B-VP +a B-NP B-NP +leader I-NP I-NP +in B-PP B-PP +what B-NP B-NP +is B-VP B-VP +known I-VP I-VP +as B-PP B-PP +reduced-instruction B-NP B-NP +set I-NP I-NP +computing I-NP I-NP +, O O +or O O +RISC B-NP B-NP +, O O +a B-NP B-NP +technology I-NP I-NP +combining B-VP B-VP +microprocessors B-NP B-NP +and O O +sophisticated B-NP B-NP +software I-NP I-NP +. O O + +In B-PP B-PP +joining B-VP B-VP +MIPS B-NP B-NP +, O O +Control B-NP B-NP +Data I-NP I-NP +follows B-VP B-VP +several B-NP B-NP +competitors I-NP I-NP +in B-PP B-PP +embracing B-VP B-VP +RISC B-NP B-NP +as B-PP B-PP +a B-NP B-NP +new I-NP I-NP +design I-NP I-NP +approach I-NP I-NP +. O O + +Digital B-NP B-NP +Equipment I-NP I-NP +Corp. I-NP I-NP +, O O +Tandem B-NP B-NP +Computers I-NP I-NP +Inc. I-NP I-NP +, O O +NEC B-NP B-NP +Corp. I-NP I-NP +and O O +Group B-NP B-NP +Bull I-NP I-NP +, O O +among B-PP B-PP +others B-NP B-NP +, O O +have B-VP B-VP +similar B-NP B-NP +arrangements I-NP I-NP +with B-PP B-PP +MIPs B-NP B-NP +, O O +based B-VP B-VP +in B-PP B-PP +Sunnyvale B-NP B-NP +, O O +Calif B-NP B-NP +. O O + +Control B-NP B-NP +Data I-NP I-NP +said B-VP B-VP +it B-NP B-NP +expects B-VP B-VP +its B-NP B-NP +first I-NP I-NP +RISC-based I-NP I-NP +mainframe I-NP I-NP +machine I-NP I-NP +to B-VP B-VP +be I-VP I-VP +introduced I-VP I-VP +next B-NP B-NP +year I-NP I-NP +. O O + +The B-NP B-NP +accord I-NP I-NP +with B-PP B-PP +MIPS B-NP B-NP +calls B-VP B-VP +for B-SBAR B-PP +Control B-NP B-NP +Data I-NP I-NP +to B-VP B-VP +share I-VP I-VP +its B-NP B-NP +expertise I-NP I-NP +in B-PP B-PP +data B-NP B-NP +storage I-NP I-NP +, O O +the B-NP B-NP +companies I-NP I-NP +said B-VP B-VP +. O O + +Control B-NP B-NP +Data I-NP I-NP +also B-ADVP B-ADVP +said B-VP B-VP +it B-NP B-NP +is B-VP B-VP +developing I-VP I-VP +what B-NP B-NP +it B-NP B-NP +called B-VP B-VP +a B-NP B-NP +`` I-NP I-NP +supermainframe I-NP I-NP +'' I-NP I-NP +computer I-NP I-NP +, O O +the B-NP B-NP +Cyber I-NP I-NP +2000 I-NP I-NP +, O O +intended B-VP B-VP +for B-PP B-PP +scientists B-NP B-NP +, O O +engineers B-NP B-NP +and O O +other B-NP B-NP +users I-NP I-NP +of B-PP B-PP +generalpurpose B-NP B-NP +high-performance I-NP I-NP +computers I-NP I-NP +. O O + +UAL'S B-NP B-NP +STOCK I-NP I-NP +SKIDDED B-VP B-VP +an B-NP B-NP +additional I-NP I-NP +$ I-NP I-NP +24.875 I-NP I-NP +, O O +to B-PP B-PP +$ B-NP B-NP +198 I-NP I-NP +, O O +as B-SBAR B-SBAR +British B-NP B-NP +Airways I-NP I-NP +indicated B-VP B-VP +it B-NP B-NP +may B-VP B-VP +balk I-VP I-VP +at B-PP B-PP +any B-NP B-NP +hastily I-NP I-NP +revised I-NP I-NP +version I-NP I-NP +of B-PP B-PP +the B-NP B-NP +aborted I-NP I-NP +$ I-NP I-NP +6.79 I-NP I-NP +billion I-NP I-NP +buy-out I-NP I-NP +of B-PP B-PP +United B-NP B-NP +Air I-NP I-NP +'s B-NP B-NP +parent I-NP I-NP +. O O + +UAL B-NP B-NP +has B-VP B-VP +fallen I-VP I-VP +$ B-NP B-NP +87.25 I-NP I-NP +, O O +or O O +31 B-NP B-NP +% I-NP I-NP +, O O +in B-PP B-PP +the B-NP B-NP +three I-NP I-NP +trading I-NP I-NP +days I-NP I-NP +since B-SBAR B-SBAR +disclosure B-NP B-NP +of B-PP B-PP +the B-NP B-NP +buy-out I-NP I-NP +'s B-NP B-NP +collapse I-NP I-NP +jolted B-VP B-VP +the B-NP B-NP +stock I-NP I-NP +market I-NP I-NP +. O O + +Meanwhile B-ADVP B-ADVP +, O O +investor B-NP B-NP +Marvin I-NP I-NP +Davis I-NP I-NP +said B-VP B-VP +he B-NP B-NP +remains B-VP B-VP +interested B-ADJP B-ADJP +in B-PP B-PP +UAL B-NP B-NP +, O O +but O O +he B-NP B-NP +dropped B-VP B-VP +his B-NP B-NP +earlier I-NP I-NP +$ I-NP I-NP +300-a-share I-NP I-NP +back-up I-NP I-NP +bid I-NP I-NP +. O O + +Stock B-NP B-NP +prices I-NP I-NP +fell B-VP B-VP +broadly B-ADVP B-ADVP +in B-PP B-PP +heavy B-NP B-NP +trading I-NP I-NP +, O O +dominated B-VP B-VP +by B-PP B-PP +futures-related B-NP B-NP +program I-NP I-NP +selling I-NP I-NP +and O O +further B-NP B-NP +declines I-NP I-NP +by B-PP B-PP +UAL B-NP B-NP +and O O +other B-NP B-NP +airline I-NP I-NP +stocks I-NP I-NP +. O O + +The B-NP B-NP +Dow I-NP I-NP +Jones I-NP I-NP +industrials I-NP I-NP +closed B-VP B-VP +off B-ADVP B-ADVP +18.65 B-NP B-NP +points I-NP I-NP +, O O +at B-PP B-PP +2638.73 B-NP B-NP +, O O +after B-PP B-PP +plunging B-VP B-VP +over B-NP B-NP +60.25 I-NP I-NP +points I-NP I-NP +in B-PP B-PP +the B-NP B-NP +morning I-NP I-NP +. O O + +Bond B-NP B-NP +prices I-NP I-NP +ended B-VP B-VP +lower B-ADJP B-ADVP +after B-PP B-PP +an B-NP B-NP +early I-NP I-NP +rally I-NP I-NP +, O O +while B-SBAR B-SBAR +the B-NP B-NP +dollar I-NP I-NP +was B-VP B-VP +mixed I-VP B-ADJP +. O O + +The B-NP B-NP +U.S. I-NP I-NP +trade I-NP I-NP +deficit I-NP I-NP +swelled B-VP B-VP +to B-PP B-PP +$ B-NP B-NP +10.77 I-NP I-NP +billion I-NP I-NP +in B-PP B-PP +August B-NP B-NP +, O O +prompting B-VP B-VP +worries B-NP B-NP +that B-SBAR B-SBAR +the B-NP B-NP +nation I-NP I-NP +'s B-NP B-NP +export I-NP I-NP +drive I-NP I-NP +had B-VP B-VP +stalled I-VP I-VP +. O O + +Exports B-NP B-NP +declined B-VP B-VP +for B-PP B-PP +the B-NP B-NP +second I-NP I-NP +month I-NP I-NP +in B-PP B-PP +a B-NP B-NP +row I-NP I-NP +, O O +while B-SBAR B-SBAR +imports B-NP B-NP +rose B-VP B-VP +to B-PP B-PP +a B-NP B-NP +record I-NP I-NP +. O O + +An B-NP B-NP +analyst I-NP I-NP +called B-VP B-VP +it B-NP B-NP +one B-NP B-NP +of B-PP B-PP +the B-NP B-NP +worst I-NP I-NP +trade I-NP I-NP +reports I-NP I-NP +since B-SBAR B-SBAR +the B-NP B-NP +dollar I-NP I-NP +bottomed B-VP B-VP +out B-PRT B-PRT +in B-PP B-PP + +Industrial B-NP B-NP +output I-NP I-NP +fell B-VP B-VP +0.1 B-NP B-NP +% I-NP I-NP +in B-PP B-PP +September B-NP B-NP +, O O +the B-NP B-NP +latest I-NP I-NP +sign I-NP I-NP +manufacturing B-NP B-NP +is B-VP B-VP +slowing I-VP I-VP +. O O + +An B-NP B-NP +analyst I-NP I-NP +cited B-VP B-VP +weaker B-NP B-NP +capital I-NP I-NP +spending I-NP I-NP +and I-NP I-NP +exports I-NP I-NP +. O O + +Bankers B-NP B-NP +Trust I-NP I-NP +added B-VP B-VP +$ B-NP B-NP +1.6 I-NP I-NP +billion I-NP I-NP +to B-PP B-PP +reserves B-NP B-NP +for B-PP B-PP +Third B-NP B-NP +World I-NP I-NP +loans I-NP I-NP +, O O +the B-NP B-NP +latest I-NP I-NP +big I-NP I-NP +bank I-NP I-NP +to B-VP B-VP +take I-VP I-VP +such B-NP B-NP +a I-NP I-NP +step I-NP I-NP +. O O + +It B-NP B-NP +expects B-VP B-VP +a B-NP B-NP +$ I-NP I-NP +1.42 I-NP I-NP +billion I-NP I-NP +quarterly I-NP I-NP +loss I-NP I-NP +. O O + +Citicorp B-NP B-NP +posted B-VP B-VP +a B-NP B-NP +9 I-NP I-NP +% I-NP I-NP +drop I-NP I-NP +in B-PP B-PP +quarterly B-NP B-NP +profit I-NP I-NP +. O O + +Manufacturers B-NP B-NP +Hanover I-NP I-NP +had B-VP B-VP +a B-NP B-NP +loss I-NP I-NP +due B-ADJP B-ADJP +to B-PP B-PP +a B-NP B-NP +big I-NP I-NP +reserve I-NP I-NP +addition I-NP I-NP +. O O + +Bank B-NP B-NP +of B-PP B-PP +New B-NP B-NP +England I-NP I-NP +plans B-VP B-VP +to I-VP I-VP +sell I-VP I-VP +some B-NP B-NP +operations I-NP I-NP +and O O +lay B-VP B-VP +off B-PRT B-PRT +4 B-NP B-NP +% I-NP I-NP +of B-PP B-PP +its B-NP B-NP +work I-NP I-NP +force I-NP I-NP +after B-PP B-PP +a B-NP B-NP +year I-NP I-NP +of B-PP B-PP +weak B-NP B-NP +earnings I-NP I-NP +and O O +mounting B-NP B-NP +loan I-NP I-NP +problems I-NP I-NP +. O O + +Eastern B-NP B-NP +Airlines I-NP I-NP +' B-NP B-NP +creditors I-NP I-NP +have B-VP B-VP +begun I-VP I-VP +exploring I-VP I-VP +alternative B-NP B-NP +approaches I-NP I-NP +to B-PP B-PP +a B-NP B-NP +Chapter I-NP I-NP +11 I-NP I-NP +reorganization I-NP I-NP +because B-SBAR B-SBAR +they B-NP B-NP +are B-VP B-VP +unhappy B-ADJP B-ADJP +with B-PP B-PP +the B-NP B-NP +carrier I-NP I-NP +'s B-NP B-NP +latest I-NP I-NP +proposal I-NP I-NP +. O O + +Tele-Communications B-NP B-NP +agreed B-VP B-VP +to I-VP I-VP +buy I-VP I-VP +half B-NP B-NP +of B-PP B-PP +Showtime B-NP B-NP +Networks I-NP I-NP +from B-PP B-PP +Viacom B-NP B-NP +for B-PP B-PP +$ B-NP B-NP +225 I-NP I-NP +million I-NP I-NP +. O O + +The B-NP B-NP +move I-NP I-NP +could B-VP B-VP +pose I-VP I-VP +a B-NP B-NP +new I-NP I-NP +challenge I-NP I-NP +to B-PP B-PP +Time B-NP B-NP +Warner I-NP I-NP +'s B-NP B-NP +Home I-NP I-NP +Box I-NP I-NP +Office I-NP I-NP +. O O + +The B-NP B-NP +CFTC I-NP I-NP +plans B-VP B-VP +to I-VP I-VP +curb I-VP I-VP +dual B-NP B-NP +trading I-NP I-NP +on B-PP B-PP +commodities B-NP B-NP +markets I-NP I-NP +, O O +in B-PP B-PP +which B-NP B-NP +traders B-NP B-NP +buy B-VP B-VP +and I-VP I-VP +sell I-VP I-VP +both O O +for B-PP B-PP +their B-NP B-NP +own I-NP I-NP +account I-NP I-NP +and B-PP B-PP +for B-PP B-PP +clients B-NP B-NP +. O O + +The B-NP B-NP +move I-NP I-NP +is B-VP B-VP +likely B-ADJP B-ADJP +to B-VP B-VP +anger I-VP I-VP +traders B-NP B-NP +. O O + +FDIC B-NP B-NP +Chairman I-NP I-NP +Seidman I-NP I-NP +said B-VP B-VP +that B-SBAR B-SBAR +Lincoln B-NP B-NP +Savings I-NP I-NP +& I-NP I-NP +Loan I-NP I-NP +of B-PP B-PP +California B-NP B-NP +should B-VP B-VP +have I-VP I-VP +been I-VP I-VP +seized I-VP I-VP +in B-PP B-PP +1986 B-NP B-NP +to B-VP B-VP +contain I-VP I-VP +losses B-NP B-NP +he B-NP B-NP +estimated B-VP B-VP +will B-VP B-VP +cost I-VP I-VP +taxpayers B-NP B-NP +as B-NP B-NP +much I-NP I-NP +as B-PP I-NP +$ B-NP I-NP +2 I-NP I-NP +billion I-NP I-NP +. O O + +A B-NP B-NP +$ I-NP I-NP +67 I-NP I-NP +billion I-NP I-NP +spending I-NP I-NP +bill I-NP I-NP +was B-VP B-VP +approved I-VP I-VP +by B-PP B-PP +House-Senate B-NP B-NP +conferees I-NP I-NP +that B-NP B-NP +includes B-VP B-VP +major B-NP B-NP +provisions I-NP I-NP +affecting B-VP B-VP +the B-NP B-NP +federal I-NP I-NP +mortgage I-NP I-NP +market I-NP I-NP +. O O + +Hooker B-NP B-NP +'s B-NP B-NP +U.S. I-NP I-NP +unit I-NP I-NP +is B-VP B-VP +expected I-VP I-VP +to I-VP I-VP +agree I-VP I-VP +in B-PP B-PP +principle B-NP B-NP +this B-NP B-NP +week I-NP I-NP +to B-VP B-VP +sell I-VP I-VP +its B-NP B-NP +Merksamer I-NP I-NP +Jewelers I-NP I-NP +chain I-NP I-NP +to B-PP B-PP +management B-NP B-NP +, O O +according B-PP B-PP +to B-PP B-PP +executives B-NP B-NP +. O O + +The B-NP B-NP +deficit-reduction I-NP I-NP +bill I-NP I-NP +became B-VP B-VP +snagged I-VP I-VP +over B-PP B-PP +efforts B-NP B-NP +to B-VP B-VP +streamline I-VP I-VP +the B-NP B-NP +House I-NP I-NP +version I-NP I-NP +of B-PP B-PP +the B-NP B-NP +legislation I-NP I-NP +in B-PP B-PP +advance B-NP B-NP +of B-PP B-PP +a B-NP B-NP +House-Senate I-NP I-NP +conference I-NP I-NP +. O O + +Integrated B-NP B-NP +Resources I-NP I-NP +said B-VP B-VP +talks B-NP B-NP +have B-VP B-VP +ended I-VP I-VP +with B-PP B-PP +another B-NP B-NP +potential I-NP I-NP +buyer I-NP I-NP +of B-PP B-PP +its B-NP B-NP +core I-NP I-NP +businesses I-NP I-NP +. O O + +Three B-NP B-NP +big I-NP I-NP +drug I-NP I-NP +makers I-NP I-NP +posted B-VP B-VP +robust B-NP B-NP +third-quarter I-NP I-NP +earnings I-NP I-NP +. O O + +Merck B-NP B-NP +'s B-NP B-NP +profit I-NP I-NP +climbed B-VP B-VP +25 B-NP B-NP +% I-NP I-NP +, O O +Warner-Lambert B-NP B-NP +'s B-NP B-NP +22 I-NP B-ADJP +% I-NP I-ADJP +and O O +Eli B-NP B-NP +Lilly I-NP I-NP +'s B-NP B-NP +24 I-NP B-ADJP +% I-NP I-ADJP +. O O + +Markets B-NP B-NP +-- O O + +Stocks B-NP B-NP +: O O +Volume B-NP B-NP +224,070,000 B-NP B-NP +shares I-NP I-NP +. O O + +Dow B-NP B-NP +Jones I-NP I-NP +industrials I-NP I-NP +2638.73 B-NP B-NP +, O O +off B-ADVP B-ADVP +18.65 B-NP B-NP +; O O +transportation B-NP B-NP +1254.27 B-NP B-NP +, O O +off B-ADVP B-ADVP +49.96 B-NP B-NP +; O O +utilities B-NP B-NP +214.54 B-NP B-NP +, O O +off B-ADVP B-ADVP +0.19 B-NP B-NP +. O O + +Bonds B-NP B-NP +: O O +Shearson B-NP B-NP +Lehman I-NP I-NP +Hutton I-NP I-NP +Treasury I-NP I-NP +index I-NP I-NP +3377.43 B-NP B-NP +, O O +off B-ADVP B-ADVP + +Commodities B-NP B-NP +: O O +Dow B-NP B-NP +Jones I-NP I-NP +futures I-NP I-NP +index I-NP I-NP +129.72 B-NP B-NP +, O O +unchanged B-ADJP B-ADJP +; O O +spot B-NP B-NP +index I-NP I-NP +129.97 B-NP B-NP +, O O +off B-ADVP B-ADVP +0.19 B-NP B-NP +. O O + +Dollar B-NP B-NP +: O O +142.75 B-NP B-NP +yen I-NP I-NP +, O O +up B-ADVP B-ADVP +0.95 B-NP B-NP +; O O +1.8667 B-NP B-NP +marks I-NP I-NP +, O O +off B-ADVP B-ADVP +0.0018 B-NP B-NP +. O O + +Paul B-NP B-NP +Ely I-NP I-NP +, O O +general B-NP B-NP +partner I-NP I-NP +of B-PP B-PP +Alpha B-NP B-NP +Partners I-NP I-NP +, O O +a B-NP B-NP +venture-capital I-NP I-NP +firm I-NP I-NP +based B-VP B-VP +in B-PP B-PP +Menlo B-NP B-NP +Park I-NP I-NP +, O O +Calif. B-NP B-NP +, O O +was B-VP B-VP +named I-VP I-VP +a B-NP B-NP +director I-NP I-NP +of B-PP B-PP +this B-NP B-NP +computer I-NP I-NP +company I-NP I-NP +. O O + +Mr. B-NP B-NP +Ely I-NP I-NP +, O O +57 B-NP B-NP +years I-NP I-NP +old B-ADJP B-ADJP +, O O +temporarily B-ADVP B-ADVP +increases B-VP B-VP +the B-NP B-NP +board I-NP I-NP +to B-PP B-PP +seven B-NP B-NP +members I-NP I-NP +. O O + +However B-ADVP B-ADVP +, O O +director B-NP B-NP +Thomas I-NP I-NP +O'Rourke I-NP I-NP +has B-VP B-VP +said I-VP I-VP +he B-NP B-NP +wo B-VP B-VP +n't I-VP I-VP +seek I-VP I-VP +re-election B-NP B-NP +at B-PP B-PP +the B-NP B-NP +company I-NP I-NP +'s B-NP B-NP +annual I-NP I-NP +meeting I-NP I-NP +next B-NP B-NP +month I-NP I-NP +. O O + +BroadBeach B-NP B-NP +Associates I-NP I-NP +Inc. I-NP I-NP +, O O +the B-NP B-NP +Los I-NP I-NP +Angeles I-NP I-NP +investment I-NP I-NP +partnership I-NP I-NP +whose B-NP B-NP +$ I-NP B-ADJP +62-a-share I-NP O +bid I-NP B-NP +for B-PP B-PP +McGill B-NP B-NP +Manufacturing I-NP I-NP +Co. I-NP I-NP +was B-VP B-VP +topped I-VP I-VP +recently B-ADVP B-ADVP +by B-PP B-PP +a B-NP B-NP +competing I-NP I-NP +offer I-NP I-NP +from B-PP B-PP +a B-NP B-NP +Swedish I-NP I-NP +concern I-NP I-NP +, O O +disclosed B-VP B-VP +that B-SBAR B-SBAR +it B-NP B-NP +sold B-VP B-VP +its B-NP B-NP +entire I-NP I-NP +7 I-NP I-NP +% I-NP I-NP +McGill I-NP I-NP +stake I-NP I-NP +. O O + +McGill B-NP B-NP +, O O +a B-NP B-NP +Valparaiso I-NP I-NP +, I-NP I-NP +Ind. I-NP I-NP +, I-NP I-NP +ball-bearing I-NP I-NP +manufacturer I-NP I-NP +, O O +had B-VP B-VP +rebuffed I-VP I-VP +BroadBeach B-NP B-NP +'s B-NP B-NP +proposal I-NP I-NP +. O O + +It B-NP B-NP +has B-VP B-VP +since I-VP I-VP +asked I-VP I-VP +holders B-NP B-NP +not O O +to B-VP B-VP +immediately I-VP I-VP +tender I-VP I-VP +their B-NP B-NP +shares I-NP I-NP +under B-PP B-PP +a B-NP B-NP +recent I-NP I-NP +$ I-NP I-NP +72-a-share I-NP I-NP +, I-NP I-NP +or I-NP I-NP +$ I-NP I-NP +104 I-NP I-NP +million I-NP I-NP +, I-NP O +bid I-NP B-VP +from B-PP B-PP +AB B-NP B-NP +SKF I-NP I-NP +of B-PP B-PP +Sweden B-NP B-NP +, O O +until B-SBAR B-SBAR +McGill B-NP B-NP +directors I-NP I-NP +have B-VP B-VP +completed I-VP I-VP +their B-NP B-NP +evaluation I-NP I-NP +. O O + +In B-PP B-PP +a O B-NP +Securities B-NP I-NP +and I-NP I-NP +Exchange I-NP I-NP +Commission I-NP I-NP +filing B-NP I-NP +, O O +BroadBeach B-NP B-NP +said B-VP B-VP +it B-NP B-NP +sold B-VP B-VP +the B-NP B-NP +101,000 I-NP I-NP +McGill I-NP I-NP +shares I-NP I-NP +for B-PP B-PP +$ B-NP B-NP +7.3 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +a B-NP B-NP +private I-NP I-NP +transaction I-NP I-NP +on B-PP B-PP +Oct. B-NP B-NP +12 I-NP I-NP +. O O + +BroadBeach B-NP B-NP +did B-VP B-VP +n't I-VP I-VP +identify I-VP I-VP +the B-NP B-NP +buyer I-NP I-NP +of B-PP B-PP +the B-NP B-NP +shares I-NP I-NP +, O O +but O O +the B-NP B-NP +date I-NP I-NP +of B-PP B-PP +the B-NP B-NP +selloff I-NP I-NP +followed B-VP B-VP +by B-PP B-PP +one B-NP B-NP +day I-NP I-NP +the B-NP B-NP +Swedish I-NP I-NP +concern I-NP I-NP +'s B-NP B-NP +tender I-NP I-NP +offer I-NP I-NP +, O O +and O O +the B-NP B-NP +indicated I-NP I-NP +price I-NP I-NP +of B-PP B-PP +the B-NP B-NP +shares I-NP I-NP +sold B-VP B-VP +equals B-VP B-VP +SKF B-NP B-NP +'s B-NP B-NP +$ B-ADJP B-ADJP +72-a-share I-ADJP O +tender B-NP B-NP +offer I-NP I-NP +price I-NP I-NP +. O O + +A B-NP B-NP +BroadBeach I-NP I-NP +spokeswoman I-NP I-NP +said B-VP B-VP +the B-NP B-NP +company I-NP I-NP +sold B-VP B-VP +the B-NP B-NP +stock I-NP I-NP +in B-PP B-PP +the B-NP B-NP +open I-NP I-NP +market I-NP I-NP +and O O +thus B-ADVP B-ADVP +could B-VP B-VP +n't I-VP I-VP +identify I-VP I-VP +the B-NP B-NP +buyer I-NP I-NP +or I-NP I-NP +buyers I-NP I-NP +. O O + +Luis B-NP B-NP +Nogales I-NP I-NP +, O O +45 B-NP B-NP +years I-NP I-NP +old B-ADJP B-ADJP +, O O +has B-VP B-VP +been I-VP I-VP +elected I-VP I-VP +to B-PP B-PP +the B-NP B-NP +board I-NP I-NP +of B-PP B-PP +this B-NP B-NP +brewer I-NP I-NP +. O O + +Mr. B-NP B-NP +Nogales I-NP I-NP +, O O +former B-NP B-NP +president I-NP I-NP +of B-PP B-PP +United B-NP B-NP +Press I-NP I-NP +International I-NP I-NP +and O O +the B-NP B-NP +Univision I-NP I-NP +Spanish-language I-NP I-NP +network I-NP I-NP +, O O +most B-ADVP B-ADVP +recently I-ADVP B-ADVP +co-founded B-VP B-VP +Nogales B-NP B-NP +Castro I-NP I-NP +Partners I-NP I-NP +, O O +a B-NP B-NP +California-based I-NP I-NP +media I-NP I-NP +acquisition I-NP I-NP +firm I-NP I-NP +. O O + +Mr. B-NP B-NP +Nogales I-NP I-NP +, O O +the B-NP B-NP +first I-NP I-NP +Hispanic I-NP I-NP +person I-NP I-NP +to B-VP B-VP +serve I-VP I-VP +as B-PP B-PP +a B-NP B-NP +Coors I-NP I-NP +director I-NP I-NP +, O O +is B-VP B-VP +an B-NP B-NP +addition I-NP I-NP +to B-PP B-PP +the B-NP B-NP +board I-NP I-NP +, O O +increasing B-VP B-VP +its B-NP B-NP +membership I-NP I-NP +to B-PP B-PP +nine B-NP B-NP +. O O + +Hachette B-NP B-NP +S.A. I-NP I-NP +, O O +a B-NP B-NP +European I-NP I-NP +media I-NP I-NP +and I-NP I-NP +publishing I-NP I-NP +group I-NP I-NP +, O O +reported B-VP B-VP +a B-NP B-NP +small I-NP I-NP +rise I-NP I-NP +in B-PP B-PP +its B-NP B-NP +attributable I-NP I-NP +first-half I-NP I-NP +group I-NP I-NP +profit I-NP I-NP +, O O +excluding B-PP B-PP +exceptional B-NP B-NP +items I-NP I-NP +, O O +to B-PP B-PP +133.8 B-NP B-NP +million I-NP I-NP +francs I-NP I-NP +-LRB- O O +$ B-NP B-NP +21.1 I-NP I-NP +million I-NP I-NP +-RRB- O O +from B-PP B-PP +130.1 B-NP B-NP +million I-NP I-NP +francs I-NP I-NP +a B-NP B-NP +year I-NP I-NP +earlier B-ADVP B-ADVP +. O O + +The B-NP B-NP +Paris-based I-NP I-NP +group I-NP I-NP +said B-VP B-VP +its B-NP B-NP +earlier I-NP I-NP +projection I-NP I-NP +-- O O +that B-SBAR B-NP +group B-NP I-NP +profit I-NP I-NP +for B-PP B-PP +all B-NP B-NP +of B-PP B-PP +1989 B-NP B-NP +would B-VP B-VP +be I-VP I-VP +close B-ADJP B-ADJP +to B-PP B-PP +the B-NP B-NP +322.7 I-NP I-NP +million I-NP I-NP +francs I-NP I-NP +posted B-VP B-VP +for B-PP B-PP +1988 B-NP B-NP +-- O O +remains B-VP B-VP +valid B-ADJP B-ADJP +. O O + +Taking B-VP B-VP +into B-PP B-PP +account B-NP B-NP +nonrecurring B-NP B-NP +gains I-NP I-NP +and I-NP I-NP +losses I-NP I-NP +, O O +Hachette B-NP B-NP +'s B-NP B-NP +group I-NP I-NP +net I-NP I-NP +income I-NP I-NP +for B-PP B-PP +the B-NP B-NP +first I-NP I-NP +six I-NP I-NP +months I-NP I-NP +of B-PP B-PP +this B-NP B-NP +year I-NP I-NP +totaled B-VP B-VP +246.6 B-NP B-NP +million I-NP I-NP +francs I-NP I-NP +, O O +practically B-ADVP B-ADVP +double I-ADVP B-NP +the B-NP I-NP +year-earlier I-NP I-NP +figure I-NP I-NP +of B-PP B-PP +124.5 B-NP B-NP +million I-NP I-NP +francs I-NP I-NP +. O O + +Analysts B-NP B-NP +said B-VP B-VP +Hachette B-NP B-NP +'s B-NP B-NP +earnings I-NP I-NP +in B-PP B-PP +the B-NP B-NP +second I-NP I-NP +half I-NP I-NP +might B-VP B-VP +be I-VP I-VP +boosted I-VP I-VP +by B-PP B-PP +a B-NP B-NP +capital I-NP I-NP +gain I-NP I-NP +from B-PP B-PP +the B-NP B-NP +sale I-NP I-NP +of B-PP B-PP +the B-NP B-NP +Paris I-NP I-NP +headquarters I-NP I-NP +of B-PP B-PP +a B-NP B-NP +newspaper-delivery I-NP I-NP +company I-NP I-NP +that B-NP B-NP +is O B-VP +49 B-NP B-NP +% I-NP I-NP +owned B-VP B-VP +by B-PP B-PP +Hachette B-NP B-NP +. O O + +Oncor B-NP B-NP +Inc. I-NP I-NP +, O O +Gaithersburg B-NP B-NP +, O O +Md. B-NP B-NP +, O O +said B-VP B-VP +it B-NP B-NP +received B-VP B-VP +approval B-NP B-NP +from B-PP B-PP +the B-NP B-NP +U.S. I-NP I-NP +Food I-NP I-NP +and I-NP I-NP +Drug I-NP I-NP +Administration I-NP I-NP +to B-VP B-VP +market I-VP I-VP +a B-NP B-NP +genetic I-NP I-NP +test I-NP I-NP +that B-NP B-NP +will B-VP B-VP +assist I-VP I-VP +in B-PP B-PP +diagnosis B-NP B-NP +and I-NP I-NP +treatment I-NP I-NP +of B-PP B-PP +leukemia B-NP B-NP +and O O +lymph B-NP B-NP +cancer I-NP I-NP +. O O + +The B-NP B-NP +B\/T I-NP I-NP +gene I-NP I-NP +rearrangement I-NP I-NP +test I-NP I-NP +is B-VP B-VP +more B-ADJP B-ADJP +accurate I-ADJP I-ADJP +than B-PP B-PP +existing B-NP B-NP +tests I-NP I-NP +for B-PP B-PP +diagnosing B-VP B-VP +the B-NP B-NP +type I-NP I-NP +of B-PP B-PP +cancer B-NP B-NP +, O O +whether B-SBAR B-SBAR +it B-NP B-NP +has B-VP B-VP +spread I-VP I-VP +or O O +whether B-SBAR B-SBAR +there B-NP B-NP +is B-VP B-VP +a B-NP B-NP +recurrence I-NP I-NP +following B-VP B-PP +treatment B-NP B-NP +, O O +said B-VP B-VP +Oncor B-NP B-NP +President I-NP I-NP +Stephen I-NP I-NP +Turner I-NP I-NP +. O O + +Mr. B-NP B-NP +Turner I-NP I-NP +said B-VP B-VP +the B-NP B-NP +test I-NP I-NP +initially B-VP B-ADVP +will I-VP B-VP +be I-VP I-VP +used I-VP I-VP +in B-PP B-PP +conjunction B-NP B-NP +with B-PP B-PP +biopsies B-NP B-NP +and O O +other B-NP B-NP +tests I-NP I-NP +, O O +but O O +eventually B-VP B-VP +might I-VP I-VP +become I-VP I-VP +the B-NP B-NP +benchmark I-NP I-NP +for B-PP B-PP +tumor B-NP B-NP +analysis I-NP I-NP +. O O + +Mr. B-NP B-NP +Turner I-NP I-NP +said B-VP B-VP +the B-NP B-NP +test I-NP I-NP +will B-VP B-VP +be I-VP I-VP +shipped I-VP I-VP +in B-PP B-PP +45 B-NP B-NP +days I-NP I-NP +to B-PP B-PP +hospitals B-NP B-NP +and O O +clinical B-NP B-NP +laboratories I-NP I-NP +. O O + +Dr. B-NP B-NP +Wyndham I-NP I-NP +Wilson I-NP I-NP +, O O +a B-NP B-NP +cancer I-NP I-NP +treatment I-NP I-NP +specialist I-NP I-NP +at B-PP B-PP +the B-NP B-NP +National I-NP I-NP +Cancer I-NP I-NP +Institute I-NP I-NP +, O O +said B-VP B-VP +the B-NP B-NP +test I-NP I-NP +is B-VP B-VP +widely I-VP I-VP +used I-VP I-VP +in B-PP B-PP +research B-NP B-NP +centers I-NP I-NP +but O O +is B-VP B-VP +n't I-VP I-VP +having I-VP I-VP +a B-NP B-NP +major I-NP I-NP +impact I-NP I-NP +because B-SBAR B-SBAR +it B-NP B-NP +is B-VP B-VP +only B-ADJP B-ADVP +occasionally I-ADJP B-ADJP +useful I-ADJP I-ADJP +in B-PP B-PP +choosing B-VP B-VP +the B-NP B-NP +most I-NP I-NP +effective I-NP I-NP +treatment I-NP I-NP +. O O + +But O O +the B-NP B-NP +test I-NP I-NP +may B-VP B-VP +prove I-VP I-VP +to I-VP I-VP +be I-VP I-VP +more B-ADJP B-ADJP +sensitive I-ADJP I-ADJP +in B-PP B-PP +determining B-VP B-VP +whether B-SBAR B-SBAR +a B-NP B-NP +tumor I-NP I-NP +has B-VP B-VP +spread I-VP I-VP +or I-VP I-VP +returned I-VP I-VP +following B-PP B-PP +treatment B-NP B-NP +, O O +Dr. B-NP B-NP +Wilson I-NP I-NP +said B-VP B-VP +. O O + +`` O O +We B-NP B-NP +do B-VP B-VP +n't I-VP I-VP +know I-VP I-VP +yet B-ADVP B-ADVP +how B-ADVP B-ADJP +useful B-ADJP I-ADJP +it B-NP B-NP +'s B-VP B-VP +going I-VP I-VP +to I-VP I-VP +be I-VP I-VP +, O O +'' O O +he B-NP B-NP +said B-VP B-VP +. O O + +Oncor B-NP B-NP +, O O +a B-NP B-NP +six-year-old I-NP I-NP +developer I-NP I-NP +of B-PP B-PP +genetic B-NP B-NP +medical I-NP I-NP +tests I-NP I-NP +, O O +projects B-VP B-VP +that B-SBAR B-SBAR +the B-NP B-NP +cancer I-NP I-NP +test I-NP I-NP +will B-VP B-VP +help I-VP I-VP +it B-NP B-NP +to B-VP B-VP +post I-VP I-VP +its B-NP B-NP +first-ever I-NP I-NP +profit I-NP I-NP +during B-PP B-PP +the B-NP B-NP +first I-NP I-NP +quarter I-NP I-NP +of B-PP B-PP +1990 B-NP B-NP +, O O +Mr. B-NP B-NP +Turner I-NP I-NP +said B-VP B-VP +. O O + +The B-NP B-NP +company I-NP I-NP +will B-VP B-VP +charge I-VP I-VP +$ B-NP B-NP +35 I-NP I-NP +for B-PP B-PP +a B-NP B-NP +test I-NP I-NP +and O O +projects B-VP B-VP +about B-NP B-NP +$ I-NP I-NP +2 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +revenue B-NP B-NP +from B-PP B-PP +the B-NP B-NP +test I-NP I-NP +during B-PP B-PP +the B-NP B-NP +first I-NP I-NP +12 I-NP I-NP +months I-NP I-NP +of B-PP B-PP +marketing B-NP B-NP +, O O +he B-NP B-NP +said B-VP B-VP +. O O + +Unilab B-NP B-NP +Corp. I-NP I-NP +, O O +Norcross B-NP B-NP +, O O +Ga. B-NP B-NP +, O O +said B-VP B-VP +it B-NP B-NP +acquired B-VP B-VP +the B-NP B-NP +clinical I-NP I-NP +laboratories I-NP I-NP +of B-PP B-PP +closely B-NP B-NP +held I-NP I-NP +Central I-NP I-NP +Diagnostic I-NP I-NP +Laboratory I-NP I-NP +Inc. I-NP I-NP +in B-PP B-PP +a B-NP B-NP +cash I-NP I-NP +and I-NP I-NP +securities I-NP I-NP +transaction I-NP I-NP +valued B-VP B-VP +at B-PP B-PP +$ B-NP B-NP +85 I-NP I-NP +million I-NP I-NP +. O O + +Unilab B-NP B-NP +said B-VP B-VP +its B-NP B-NP +wholly I-NP I-NP +owned I-NP I-NP +MetWest I-NP I-NP +Inc. I-NP I-NP +unit I-NP I-NP +paid B-VP B-VP +$ B-NP B-NP +25 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +cash B-NP B-NP +, O O +provided B-VP B-VP +$ B-NP B-NP +30 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +notes B-NP B-NP +and O O +$ B-NP B-NP +30 I-NP I-NP +million I-NP I-NP +in B-PP B-PP +preferred B-NP B-NP +stock I-NP I-NP +to B-VP B-VP +acquire I-VP I-VP +Central B-NP B-NP +'s B-NP B-NP +labs I-NP I-NP +in B-PP B-PP +the B-NP B-NP +Western I-NP I-NP +U.S. I-NP I-NP +. O O + +Unilab B-NP B-NP +, O O +which B-NP B-NP +provides B-VP B-VP +clinical B-NP B-NP +laboratory I-NP I-NP +services I-NP I-NP +, O O +competed B-VP B-VP +with B-PP B-PP +Central B-NP B-NP +, O O +based B-VP B-VP +in B-PP B-PP +Tarzana B-NP B-NP +, O O +Calif. B-NP B-NP +, O O +in B-PP B-PP +a B-NP B-NP +number I-NP I-NP +of B-PP B-PP +areas B-NP B-NP +. O O + +Beyond B-PP B-PP +removing B-VP B-VP +a B-NP B-NP +competitor I-NP I-NP +, O O +the B-NP B-NP +combination I-NP I-NP +should B-VP B-VP +provide I-VP I-VP +`` O O +synergies B-NP B-NP +, O O +'' O O +said B-VP B-VP +Fred B-NP B-NP +Harlow I-NP I-NP +, O O +Unilab B-NP B-NP +'s B-NP B-NP +chief I-NP I-NP +financial I-NP I-NP +officer I-NP I-NP +. O O + +It B-NP B-NP +also B-ADVP B-ADVP +will B-VP B-VP +hand I-VP I-VP +Unilab B-NP B-NP +new B-NP I-NP +markets I-NP I-NP +. O O + +In B-PP B-PP +Los B-NP B-NP +Angeles I-NP I-NP +, O O +for B-PP B-PP +example B-NP B-NP +, O O +Central B-NP B-NP +has B-VP B-VP +had I-VP I-VP +a B-NP B-NP +strong I-NP I-NP +market I-NP I-NP +position I-NP I-NP +while B-SBAR B-SBAR +Unilab B-NP B-NP +'s B-NP B-NP +presence I-NP I-NP +has B-VP B-VP +been I-VP I-VP +less B-ADJP B-ADJP +prominent I-ADJP I-ADJP +, O O +according B-PP B-PP +to B-PP B-PP +Mr. B-NP B-NP +Harlow I-NP I-NP +. O O +