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[ "California", "legislators", ",", "searching", "for", "ways", "to", "pay", "for", "the", "$", "4", "billion", "to", "$", "6", "billion", "in", "damages", "from", "last", "week", "'s", "earthquake", ",", "are", "laying", "the", "groundwork", "for", "a", "temporary", "increase", "in", "the", "state", "'s", "sales", "tax", ".", "The", "talk", "of", "a", "sales", "tax", "rise", "follows", "a", "rebuff", "from", "Congress", "on", "the", "question", "of", "how", "much", "the", "federal", "government", "is", "willing", "to", "spend", "to", "aid", "in", "California", "'s", "earthquake", "relief", "efforts", ".", "The", "state", "had", "sought", "as", "much", "as", "$", "4.1", "billion", "in", "relief", ",", "but", "yesterday", "the", "House", "approved", "a", "more", "general", "scaled-back", "measure", "calling", "for", "$", "2.85", "billion", "in", "aid", ",", "the", "bulk", "of", "which", "would", "go", "to", "California", ",", "with", "an", "unspecified", "amount", "going", "to", 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"Mr.", "Brown", ",", "the", "state", "'s", "most", "influential", "legislator", ",", "and", "Gov.", "Deukmejian", "favor", "a", "temporary", "sales", "tax", "increase", "--", "should", "more", "money", "be", "needed", "than", "the", "state", "can", "raise", "from", "existing", "sources", "and", "the", "federal", "government", ".", "According", "to", "a", "spokesman", ",", "the", "governor", "is", "also", "studying", "the", "possibility", "of", "raising", "state", "gasoline", "taxes", ".", "Mr.", "Brown", ",", "meanwhile", ",", "believes", "``", "only", "one", "tax", "will", "be", "feasible", ",", "and", "it", "will", "be", "a", "one-penny", "sales", "tax", "increase", ",", "''", "said", "Chuck", "Dalldorf", ",", "an", "aide", ".", "One", "immediate", "source", "of", "money", "is", "an", "emergency", "fund", "set", "up", "by", "Gov.", "Deukmejian", ".", "The", "fund", "has", "about", "$", "1", "billion", "and", "is", "set", "up", "to", "handle", "``", "precisely", "the", "kind", "of", "emergency", "''", "the", "state", "faces", ",", "said", "Tom", "Beermann", ",", "the", "Governor", "'s", "deputy", "press", "secretary", ".", "But", "the", "fund", "'s", "size", "is", "disputed", "by", "Mr.", "Brown", "'s", "office", ",", "which", "estimates", "the", "fund", "holds", "from", "$", "630", "million", "to", "$", "800", "million", ".", "Moreover", ",", "an", "aide", "to", "Mr.", "Brown", "said", "Gov.", "Deukmejian", "``", "has", "expressed", "a", "desire", "not", "to", "spend", "all", "the", "reserve", "on", "this", ".", "''", "To", "push", "through", "a", "sales", "tax", "increase", ",", "however", ",", "the", "state", "will", "have", "to", "suspend", "the", "Gann", "limit", ",", "citing", "an", "emergency", ".", "And", "then", "it", "will", "be", "required", "to", "lower", "taxes", "by", "a", "corresponding", "amount", "during", "a", "three-year", "period", "after", "the", "temporary", "tax", "increase", "ends", ",", "said", "Cindy", "Katz", ",", "assistant", 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"gem", "quality", ".", "While", "other", "mines", "might", "yield", "more", "carats", ",", "a", "higher", "percentage", "of", "them", "go", "to", "industrial", "use", ".", "Since", "this", "treasure", "chest", "is", "too", "big", "to", "fit", "in", "a", "bank", "vault", ",", "it", "has", "been", "turned", "into", "one", ".", "Months", "after", "railway", "worker", "Zacharias", "Lewala", "first", "picked", "up", "a", "diamond", "from", "the", "sand", "in", "1908", ",", "the", "German", "colonialists", "who", "controlled", "Namibia", "proclaimed", "a", "wide", "swath", "of", "the", "desert", "--", "about", "200", "miles", "north", "from", "the", "Orange", "River", "and", "60", "miles", "inland", "from", "the", "Atlantic", "--", "a", "restricted", "area", ",", "a", "designation", "normally", "reserved", "for", "military", "operations", ".", "When", "the", "Germans", "lost", "World", "War", "I", ",", "they", "lost", "Namibia", "to", "South", "Africa", "and", "the", "diamonds", "to", "Ernest", "Oppenheimer", ",", "patriarch", "of", "Anglo", "American", "Corp.", "and", "De", "Beers", ".", "Today", ",", "no", "one", "gets", "in", "or", "out", "of", "the", "restricted", "area", "without", "De", "Beers", "'s", "stingy", "approval", ".", "The", "mining", "zone", "has", "thus", "remained", "one", "of", "the", "most", "desolate", "places", "in", "Africa", ".", "Ghost", "towns", "dot", "the", "Namib", "dunes", ",", "proving", "diamonds", "are", "n't", "forever", ".", "Oranjemund", ",", "the", "mine", "headquarters", ",", "is", "a", "lonely", "corporate", "oasis", "of", "9,000", "residents", ".", "Jackals", "roam", "the", "streets", "at", "night", ",", "and", "gemsbok", ",", "hardy", "antelope", "with", "long", "straight", "horns", ",", "wander", "in", "from", "the", "desert", "to", "drink", "from", "water", "sprinklers", ".", "On", "most", "days", ",", "the", "desert", "'s", "heat", "and", "the", "cool", "of", "the", "ocean", "combine", "to", "create", "a", "mist", "like", "a", "damp", "rag", ".", "The", "wind", ",", "stinging", "with", "sand", ",", "never", "seems", "to", "stop", ".", "Still", ",", "miners", "from", "all", "parts", "of", "Namibia", "as", "well", "as", "professional", "staff", "from", "De", "Beers", "'s", "head", "offices", "in", "South", "Africa", "and", "London", "keep", "coming", ".", "And", "Oranjemund", "boasts", "attractions", "besides", "diamonds", ".", "There", "are", "six", "video", "rental", "shops", ",", "three", "restaurants", ",", "one", "cinema", "and", "34", "sports", "and", "recreation", "clubs", "for", "everything", "from", "cricket", "to", "lawn", "bowling", ".", "The", "pride", "of", "Oranjemund", "is", "the", "18-hole", "golf", "course", "--", "with", "the", "largest", "sand", "trap", "in", "the", "world", ".", "Last", "year", ",", "when", "the", "rising", "Orange", "River", "threatened", "to", "swamp", "the", "course", ",", "the", "same", "engineers", "who", "are", "pushing", "back", "the", "Atlantic", "rushed", "to", "build", "a", "wall", "to", "hold", "back", "the", "flood", ".", "``", "Nothing", "is", "too", "good", "for", "our", "golf", "course", ",", "''", "says", "Tony", "George", ",", "a", "mining", "engineer", ".", "Despite", "fears", "the", "mine", "may", "be", "partially", "nationalized", "by", "the", "new", "Namibian", "government", "following", "next", "month", "'s", "elections", "freeing", "the", "country", "from", "South", "African", "control", ",", "De", "Beers", "engineers", "are", "working", "to", "extend", "the", "mine", "'s", "productive", "life", "for", "another", "25", "years", ",", "from", "the", "current", "estimate", "of", "10", ".", "Huge", "machines", "that", "look", "as", "though", "they", "came", "from", "the", "Star", "Wars", "desert-battle", "scene", "lumber", "among", "the", "dunes", ".", "Mechanized", "vacuum", "cleaners", "probe", "the", "sand", "like", "giant", "anteaters", ";", "a", "whirring", "ferris", "wheellike", "excavator", ",", "with", "buckets", "instead", "of", "seats", ",", "chews", "through", "layers", "of", "compacted", "sand", ";", "tracks", "and", "conveyor", "belts", ",", "shuttling", "sand", "to", "the", "screening", "plants", ",", "criss-cross", "the", "beach", ".", "Then", "there", "is", "the", "artifical", "sea", "wall", ",", "600", "yards", "long", "and", "60", "yards", "thick", ",", "jutting", "into", "the", "ocean", ".", "Made", "of", "sand", ",", "it", "receives", "around-the-clock", "maintainence", "against", "the", "battering", "waves", ".", "When", "the", "mining", "in", "front", "of", "the", "wall", "is", "complete", ",", "it", "is", "moved", "northward", ".", "A", "companion", "jetty", "that", "helps", "hold", "back", "the", "sea", "looks", "like", "a", "rusting", "junkyard", ".", "Engineers", "first", "used", "concrete", "blocks", "to", "bolster", "the", "barrier", ",", "but", "the", "ocean", "tossed", "them", "aside", "like", "driftwood", ".", "Then", "someone", "decided", "to", "try", "broken-down", "earthmoving", "equipment", "that", ",", "inexplicably", ",", "held", "against", "the", "waves", ".", "``", "The", "Caterpillar", "people", "are", "n't", "too", "happy", "when", "they", "see", "their", "equipment", "used", "like", "that", ",", "''", "shrugs", "Mr.", "George", ".", "``", "They", "figure", "it", "'s", "not", "a", "very", "good", "advert", ".", "''", "Despite", "all", "these", "innovations", ",", "most", "of", "the", "diamonds", "are", "still", "found", "in", "the", "sand", "swept", "away", "by", "the", "men", "wielding", "shovels", "and", "brushes", "--", "the", "ignominiously", "named", "``", "bedrock", "sweepers", "''", "who", "toil", "in", "the", "wake", "of", "the", "excavators", ".", "Laboring", "in", "blue", "and", "gray", "overalls", ",", "they", "are", "supposed", "to", "concentrate", "on", "cleaning", "out", "crevices", ",", "and", "not", "strain", "their", "eyes", "looking", "for", "diamonds", ".", "But", "should", "they", "spy", "one", ",", "the", "company", "will", "pay", "a", "bonus", "equal", "to", "one-third", "its", "value", ".", "For", "these", "workers", "at", "the", "bottom", "of", "the", "mine", "'s", "pay", "scale", ",", "this", "is", "usually", "enough", "to", "overcome", "the", "temptation", "to", "steal", "--", "a", "crime", "that", "could", "earn", "them", "up", "to", "15", "years", "in", "jail", ".", "Still", ",", "employees", "do", "occasionally", "try", "to", "smuggle", "out", "a", "gem", "or", "two", ".", "One", "man", "wrapped", "several", "diamonds", "in", "the", "knot", "of", "his", "tie", ".", "Another", "poked", "a", "hole", "in", "the", "heel", "of", "his", "shoe", ".", "A", "food", "caterer", "stashed", "stones", "in", "the", "false", "bottom", "of", "a", "milk", "pail", ".", "None", "made", "it", "past", "the", "body", "searches", "and", "X-rays", "of", "mine", "security", "." ]
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"ccomp", "compound:prt", "det", "obj", "root", "case", "det", "amod", "obl", "punct", "nsubj", "advmod", "root", "compound", "obj", "mark", "advcl", "det", "obj", "punct", "cc", "det", "nsubj", "conj", "obj", "advmod", "case", "advcl", "punct", "advmod", "nsubj", "root", "mark", "xcomp", "amod", "amod", "obj", "nsubj", "punct", "advmod", "punct", "acl:relcl", "case", "det", "obl", "punct", "punct", "det", "compound", "nsubj", "cop", "advmod", "advmod", "ccomp", "advmod", "nsubj", "advcl", "nmod:poss", "nsubj", "dep", "case", "obl", "punct", "punct", "root", "compound", "nsubj", "punct", "punct", "nsubj", "root", "nsubj", "cop", "advmod", "det", "advmod", "amod", "ccomp", "punct", "punct", "case", "det:predet", "det", "obl", "punct", "nsubj:pass", "case", "det", "nmod", "aux:pass", "advmod", "root", "case", "det", "obl", "acl", "advmod", "case", "det", "obl", "acl", "obj", "cc", "conj", "punct", "det", "advmod", "amod", "punct", "compound", "dep", "punct", "nsubj", "acl:relcl", "case", "det", "obl", "case", "det", "nmod", "punct", "advcl", "case", "amod", "cc", "conj", "obl", "punct", "nsubj:pass", "aux:pass", "root", "mark", "ccomp", "mark", "advcl", "compound:prt", "obj", "punct", "cc", "advmod", "conj", "nmod:poss", "obj", "xcomp", "case", "obl", "punct", "cc", "aux", "nsubj", "advcl", "obj", "punct", "det", "nsubj", "aux", "root", "det", "obj", "amod", "case", "compound", "nmod:poss", "obl", "punct", "case", "det", "obl", "case", "det", "nmod", "case", "det", "nmod:poss", "case", "compound", "nmod", "punct", "nsubj", "cop", "advmod", "root", "mark", "dep", "det", "obj", "mark", "acl", "punct", "det", "dep", "nsubj", "aux", "acl:relcl", "iobj", "dep", "fixed", "nummod", "obj", "case", "nmod", "punct", "advmod", "punct", "nsubj", "aux", "advmod", "root", "mark", "xcomp", "compound:prt", "det", "obj", "cc", "nummod", "punct", "nummod", "nsubj", "root", "amod", "obj", "case", "det", "obl", "case", "nmod:poss", "nmod", "punct", "nsubj", "root", "det", "obj", "case", "det", "obl", "case", "nmod:poss", "nmod", "punct", "det", "compound", "nsubj", "root", "obj", "case", "det", "amod", "obl", "case", "det", "compound", "nmod", "punct", "nsubj", "root", "obj", "case", "det", "compound", "obl", "cc", "conj", "case", "amod", "obl", "punct" ]
[ "MCI", "Communications", "Corp.", "said", "it", "received", "a", "three-year", "contract", "valued", "at", "more", "than", "$", "15", "million", "to", "provide", "network", ",", "credit-card", "and", "other", "telecommunications", "services", "to", "Drexel", "Burnham", "Lambert", "Inc", "." ]
[ 3, 3, 4, 0, 6, 4, 9, 9, 6, 9, 14, 14, 12, 10, 16, 14, 18, 9, 21, 21, 25, 23, 21, 25, 18, 30, 30, 30, 30, 18, 4 ]
[ "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "det", "amod", "obj", "acl", "case", "advmod", "fixed", "obl", "compound", "nummod", "mark", "acl", "compound", "punct", "compound", "cc", "conj", "compound", "obj", "case", "compound", "compound", "compound", "obl", "punct" ]
[ "CONCORDE", "trans-Atlantic", "flights", "are", "$", "2,400", "to", "Paris", "and", "$", "3,200", "to", "London", ".", "In", "a", "Centennial", "Journal", "article", "Oct.", "5", ",", "the", "fares", "were", "reversed", "." ]
[ 3, 3, 5, 5, 0, 5, 8, 5, 10, 5, 10, 13, 10, 5, 5, 5, 5, 5, 12, 12, 6, 12, 10, 12, 12, 0, 12 ]
[ "compound", "amod", "nsubj", "cop", "root", "nummod", "case", "nmod", "cc", "conj", "nummod", "case", "nmod", "punct", "case", "det", "compound", "compound", "obl", "obl:tmod", "nummod", "punct", "det", "nsubj:pass", "aux:pass", "root", "punct" ]
[ "General", "Electric", "Co.", "was", "given", "an", "$", "89.6", "million", "Navy", "contract", "for", "nuclear", "propulsion", "parts", ".", "Westinghouse", "Electric", "Corp.", "also", "won", "a", "$", "75.5", "million", "Navy", "contract", "for", "nuclear", "propulsion", "parts", ".", "Federal", "Data", "Corp.", "was", "issued", "a", "$", "14.5", "million", "Navy", "contract", "for", "computer", "systems", ".", "American", "Telephone", "&", "Telegraph", "Co.", "was", "awarded", "an", "$", "11.5", "million", "Navy", "contract", "for", "oceanographic", "services", "." ]
[ 3, 3, 5, 5, 0, 11, 11, 9, 7, 11, 5, 15, 15, 15, 11, 5, 3, 3, 5, 5, 0, 11, 11, 9, 7, 11, 5, 15, 15, 15, 11, 5, 3, 3, 5, 5, 0, 11, 11, 9, 7, 11, 5, 14, 14, 11, 5, 2, 7, 5, 5, 2, 7, 0, 13, 13, 11, 9, 13, 7, 16, 16, 13, 7 ]
[ "compound", "compound", "nsubj:pass", "aux:pass", "root", "det", "amod", "compound", "nummod", "compound", "obj", "case", "amod", "compound", "nmod", "punct", "compound", "compound", "nsubj", "advmod", "root", "det", "amod", "compound", "nummod", "compound", "obj", "case", "amod", "compound", "nmod", "punct", "compound", "compound", "nsubj:pass", "aux:pass", "root", "det", "amod", "compound", "nummod", "compound", "obj", "case", "compound", "nmod", "punct", "compound", "nsubj:pass", "cc", "compound", "conj", "aux:pass", "root", "det", "amod", "compound", "nummod", "compound", "obj", "case", "amod", "nmod", "punct" ]
[ "@", "Charles", "H.", "Tenney", "II", ",", "chairman", "of", "Unitil", "Corp.", ",", "purchased", "34,602", "shares", ",", "or", "4.9", "%", ",", "of", "Unitil", "'s", "common", ",", "according", "to", "a", "filing", "with", "the", "Securities", "and", "Exchange", "Commission", ".", "The", "stock", "was", "bought", "on", "Thursday", "in", "a", "privately", "negotiated", "transaction", ",", "the", "filing", "said", ".", "As", "previously", "reported", ",", "Unitil", ",", "Exeter", ",", "N.H.", ",", "and", "Fitchburg", "Gas", "&", "Electric", "Co.", ",", "Fitchburg", ",", "Mass.", ",", "are", "targets", "of", "unsolicited", "tender", "offers", "from", "Boston-based", "Eastern", "Utilities", "Associates", ".", "Eastern", "Utilities", "has", "offered", "$", "40", "a", "share", "for", "Unitil", "and", "$", "36", "a", "share", "for", "Fitchburg", "Gas", "and", "has", "extended", "both", "offers", "to", "Dec.", "4", ".", "Both", "companies", "rejected", "the", "offers", "." ]
[ 5, 5, 5, 5, 12, 5, 5, 10, 10, 7, 5, 0, 14, 12, 14, 18, 18, 14, 14, 23, 23, 21, 14, 12, 28, 25, 28, 12, 34, 34, 34, 33, 31, 28, 12, 2, 4, 4, 15, 6, 4, 11, 11, 10, 11, 4, 15, 14, 15, 0, 15, 3, 3, 23, 23, 23, 5, 5, 7, 7, 5, 13, 13, 5, 16, 16, 13, 13, 13, 18, 18, 13, 23, 0, 26, 26, 23, 26, 32, 32, 32, 32, 26, 23, 2, 4, 4, 0, 4, 5, 8, 5, 10, 4, 12, 4, 12, 15, 12, 18, 18, 12, 21, 21, 4, 23, 21, 25, 21, 25, 4, 2, 3, 0, 5, 3, 3 ]
[ "amod", "compound", "compound", "compound", "nsubj", "punct", "appos", "case", "compound", "nmod", "punct", "root", "nummod", "obj", "punct", "cc", "nummod", "conj", "punct", "case", "nmod:poss", "case", "conj", "punct", "case", "fixed", "det", "obl", "case", "det", "compound", "cc", "conj", "nmod", "punct", "det", "nsubj:pass", "aux:pass", "ccomp", "case", "obl", "case", "det", "advmod", "amod", "obl", "punct", "det", "nsubj", "root", "punct", "mark", "advmod", "advcl", "punct", "nsubj", "punct", "appos", "punct", "appos", "punct", "cc", "compound", "conj", "cc", "compound", "conj", "punct", "appos", "punct", "appos", "punct", "cop", "root", "case", "amod", "nmod", "dep", "case", "amod", "compound", "compound", "nmod", "punct", "compound", "nsubj", "aux", "root", "obj", "nummod", "det", "obl:npmod", "case", "obl", "cc", "conj", "nummod", "det", "obl:npmod", "case", "compound", "orphan", "cc", "aux", "conj", "det", "obj", "case", "obl", "nummod", "punct", "det", "nsubj", "root", "det", "obj", "punct" ]
[ "The", "only", "thing", "Robert", "Goldberg", "could", "praise", "about", "CBS", "'s", "new", "show", "``", "Island", "Son", "''", "(", "Leisure", "&", "Arts", ",", "Sept.", "25", ")", "was", "the", "local", "color", ";", "unfortunately", "neither", "he", "nor", "the", "producers", "of", "the", "show", "have", "done", "their", "homework", ".", "For", "instance", ":", "``", "Haole", "''", "(", "white", ")", "is", "not", "the", "ultimate", "insult", ";", "``", "Mainland", "haole", "''", "is", ".", "Richard", "Chamberlain", "dresses", "as", "a", "``", "Mainland", "haole", ",", "''", "tucking", "in", "a", "Hawaiian", "shirt", "and", "rolling", "up", "its", "long", "sleeves", ".", "And", "the", "local", "expression", "for", "brother", "is", "``", "brah", ",", "''", "not", "``", "bruddah", ".", "''", "And", "even", "if", "a", "nurse", "would", "wear", "flowers", "in", "her", "hair", "while", "on", "duty", ",", "if", "she", "were", "engaged", "she", "would", "know", "to", "wear", "them", "behind", "her", "left", ",", "not", "right", ",", "ear", ".", "Sorry", ",", "the", "show", "does", "not", "even", "have", "the", "one", "redeeming", "quality", "of", "genuine", "local", "color", ".", "Anita", "Davis" ]
[ 3, 3, 28, 5, 7, 7, 3, 12, 12, 9, 12, 3, 12, 15, 12, 12, 18, 12, 20, 18, 18, 18, 22, 18, 28, 28, 28, 0, 28, 40, 32, 40, 35, 35, 32, 38, 38, 35, 40, 28, 42, 40, 28, 2, 14, 14, 5, 14, 5, 8, 5, 8, 14, 14, 14, 14, 0, 14, 20, 18, 20, 20, 14, 14, 2, 3, 0, 8, 8, 8, 8, 3, 3, 3, 3, 11, 15, 15, 11, 17, 11, 17, 21, 21, 17, 3, 14, 4, 4, 14, 6, 4, 14, 14, 14, 14, 14, 14, 14, 0, 14, 14, 22, 7, 7, 5, 7, 7, 22, 7, 11, 11, 7, 14, 14, 7, 22, 19, 19, 19, 22, 22, 22, 0, 24, 22, 24, 33, 33, 31, 31, 31, 33, 31, 24, 22, 8, 8, 4, 8, 8, 8, 8, 0, 12, 12, 12, 8, 16, 16, 16, 12, 8, 2, 0 ]
[ "det", "amod", "nsubj", "compound", "nsubj", "aux", "acl:relcl", "case", "nmod:poss", "case", "amod", "nmod", "punct", "compound", "dep", "punct", "punct", "dep", "cc", "conj", "punct", "obl:tmod", "nummod", "punct", "cop", "det", "amod", "root", "punct", "advmod", "cc:preconj", "nsubj", "cc", "det", "conj", "case", "det", "nmod", "aux", "parataxis", "nmod:poss", "obj", "punct", "case", "obl", "punct", "punct", "nsubj", "punct", "punct", "dep", "punct", "cop", "advmod", "det", "amod", "root", "punct", "punct", "amod", "nsubj", "punct", "parataxis", "punct", "compound", "nsubj", "root", "case", "det", "punct", "amod", "obl", "punct", "punct", "ccomp", "compound:prt", "det", "amod", "obj", "cc", "conj", "compound:prt", "nmod:poss", "amod", "obj", "punct", "cc", "det", "amod", "nsubj", "case", "nmod", "cop", "punct", "compound", "punct", "punct", "advmod", "punct", "root", "punct", "punct", "cc", "advmod", "mark", "det", "nsubj", "aux", "advcl", "obj", "case", "nmod:poss", "obl", "dep", "case", "dep", "punct", "mark", "nsubj", "cop", "advcl", "nsubj", "aux", "root", "mark", "xcomp", "obj", "case", "dep", "amod", "punct", "advmod", "amod", "punct", "obl", "punct", "discourse", "punct", "det", "nsubj", "aux", "advmod", "advmod", "root", "det", "nummod", "amod", "obj", "case", "amod", "amod", "nmod", "punct", "compound", "root" ]
[ "C.", "Hyde", "Tucker", "will", "become", "president", "and", "chief", "executive", "officer", "of", "Bell", "Atlantic", "International", "Inc.", ",", "a", "unit", "of", "this", "telecommunications", "concern", ",", "effective", "Jan.", "1", ".", "Mr.", "Tucker", ",", "56", "years", "old", ",", "is", "currently", "vice", "president", "and", "chief", "operating", "officer", "of", "Bell", "Atlantic", "'s", "C&P", "Telephone", "unit", ".", "Mr.", "Tucker", "will", "succeed", "Salvatore", "J.", "Barbera", ",", "64", ",", "who", "will", "hold", "the", "newly", "created", "position", "of", "chairman", "of", "the", "international", "unit", "until", "his", "retirement", "April", "1", "." ]
[ 3, 3, 5, 5, 0, 5, 10, 10, 10, 6, 15, 15, 15, 15, 6, 15, 18, 15, 22, 22, 22, 18, 15, 5, 24, 25, 5, 2, 11, 2, 5, 6, 2, 2, 11, 11, 11, 0, 15, 15, 15, 11, 22, 18, 22, 18, 22, 22, 11, 11, 2, 4, 4, 0, 7, 7, 4, 7, 7, 7, 13, 13, 7, 17, 16, 17, 13, 19, 17, 23, 23, 23, 19, 26, 26, 13, 26, 27, 4 ]
[ "compound", "compound", "nsubj", "aux", "root", "xcomp", "cc", "compound", "amod", "conj", "case", "compound", "compound", "compound", "nmod", "punct", "det", "appos", "case", "det", "compound", "nmod", "punct", "xcomp", "obl:tmod", "nummod", "punct", "compound", "nsubj", "punct", "nummod", "obl:npmod", "amod", "punct", "cop", "advmod", "compound", "root", "cc", "compound", "amod", "conj", "case", "compound", "nmod:poss", "case", "compound", "compound", "nmod", "punct", "compound", "nsubj", "aux", "root", "compound", "compound", "obj", "punct", "amod", "punct", "nsubj", "aux", "acl:relcl", "det", "advmod", "amod", "obj", "case", "nmod", "case", "det", "amod", "nmod", "case", "nmod:poss", "obl", "obl:tmod", "nummod", "punct" ]
[ "Eaton", "Corp.", "said", "it", "sold", "its", "Pacific", "Sierra", "Research", "Corp.", "unit", "to", "a", "company", "formed", "by", "employees", "of", "that", "unit", ".", "Terms", "were", "n't", "disclosed", ".", "Pacific", "Sierra", ",", "based", "in", "Los", "Angeles", ",", "has", "about", "200", "employees", "and", "supplies", "professional", "services", "and", "advanced", "products", "to", "industry", ".", "Eaton", "is", "an", "automotive", "parts", ",", "controls", "and", "aerospace", "electronics", "concern", "." ]
[ 2, 3, 0, 5, 3, 11, 11, 11, 11, 11, 5, 14, 14, 5, 14, 17, 15, 20, 20, 17, 3, 4, 4, 4, 0, 4, 2, 9, 2, 2, 7, 7, 4, 2, 0, 11, 12, 9, 14, 9, 16, 14, 19, 19, 16, 21, 14, 9, 7, 7, 7, 7, 7, 7, 0, 11, 11, 11, 7, 7 ]
[ "compound", "nsubj", "root", "nsubj", "ccomp", "nmod:poss", "compound", "compound", "compound", "compound", "obj", "case", "det", "obl", "acl", "case", "obl", "case", "det", "nmod", "punct", "nsubj:pass", "aux:pass", "advmod", "root", "punct", "compound", "nsubj", "punct", "acl", "case", "compound", "obl", "punct", "root", "advmod", "nummod", "obj", "cc", "conj", "amod", "obj", "cc", "amod", "conj", "case", "obl", "punct", "nsubj", "cop", "det", "amod", "compound", "punct", "root", "cc", "compound", "compound", "conj", "punct" ]
[ "Time", "Warner", "Inc.", "is", "considering", "a", "legal", "challenge", "to", "Tele-Communications", "Inc.", "'s", "plan", "to", "buy", "half", "of", "Showtime", "Networks", "Inc.", ",", "a", "move", "that", "could", "lead", "to", "all-out", "war", "between", "the", "cable", "industry", "'s", "two", "most", "powerful", "players", ".", "Time", "is", "also", "fighting", "the", "transaction", "on", "other", "fronts", ",", "by", "attempting", "to", "discourage", "other", "cable", "operators", "from", "joining", "Tele-Communications", "as", "investors", "in", "Showtime", ",", "cable-TV", "industry", "executives", "say", ".", "Time", "officials", "declined", "to", "comment", ".", "Last", "week", ",", "Tele-Communications", "agreed", "to", "pay", "Viacom", "Inc.", "$", "225", "million", "for", "a", "50", "%", "stake", "in", "its", "Showtime", "subsidiary", ",", "which", "is", "a", "distant", "second", "to", "Time", "'s", "Home", "Box", "Office", "in", "the", "delivery", "of", "pay-TV", "networks", "to", "cable", "subscribers", ".", "Tele-Communications", ",", "the", "U.S.", "'s", "largest", "cable", "company", ",", "said", "it", "may", "seek", "other", "cable", "partners", "to", "join", "in", "its", "investment", ".", "Tele-Communications", "is", "HBO", "'s", "largest", "customer", ",", "and", "the", "two", "have", "a", "number", "of", "other", "business", "relationships", ".", "Earlier", "this", "year", ",", "Time", "even", "discussed", "bringing", "Tele-Communications", "in", "as", "an", "investor", "in", "HBO", ",", "executives", "at", "both", "companies", "said", ".", "The", "purchase", "of", "the", "Showtime", "stake", "is", "``", "a", "direct", "slap", "in", "our", "face", ",", "''", "said", "one", "senior", "Time", "executive", ".", "Time", "is", "expected", "to", "mount", "a", "legal", "challenge", "in", "U.S.", "District", "Court", "in", "New", "York", ",", "where", "Viacom", "in", "May", "filed", "a", "$", "2.5", "billion", "antitrust", "suit", "charging", "Time", "and", "HBO", "with", "monopolizing", "the", "pay-TV", "business", "and", "trying", "to", "crush", "competition", "from", "Showtime", ".", "Executives", "involved", "in", "plotting", "Time", "'s", "defense", "say", "it", "is", "now", "preparing", "a", "countersuit", "naming", "both", "Viacom", "and", "Tele-Communications", "as", "defendants", ".", "The", "executives", "say", "Time", "may", "seek", "to", "break", "up", "the", "transaction", "after", "it", "is", "consummated", ",", "or", "may", "seek", "constraints", "that", "would", "prevent", "Tele-Communications", "from", "dropping", "HBO", "in", "any", "of", "its", "cable", "systems", "in", "favor", "of", "Showtime", ".", "Viacom", "officials", "declined", "to", "comment", ".", "Jerome", "Kern", ",", "Tele-Communications", "'", "chief", "outside", "counsel", ",", "said", "he", "was", "n't", "aware", "of", "Time", "'s", "legal", "plans", ".", "But", "he", "said", "that", "any", "effort", "by", "Time", "to", "characterize", "the", "Tele-Communications", "investment", "in", "Showtime", "as", "anti-competitive", "would", "be", "``", "the", "pot", "calling", "the", "kettle", "black", ".", "''", "``", "It", "'s", "hard", "to", "see", "how", "an", "investment", "by", "the", "largest", "-LCB-", "cable", "operator", "-RCB-", "in", "the", "weaker", "of", "the", "two", "networks", "is", "anti-competitive", ",", "when", "the", "stronger", "of", "the", "two", "networks", "is", "owned", "by", "the", "second", "largest", "''", "cable", "operator", ",", "Mr.", "Kern", "said", ".", "In", "addition", "to", "owning", "HBO", ",", "with", "22", "million", "subscribers", ",", "Time", "Warner", "separately", "operates", "cable-TV", "system", "serving", "about", "5.6", "million", "cable-TV", "subscribers", ".", "Tele-Communications", "controls", "close", "to", "12", "million", "cable", "subscribers", ",", "and", "Viacom", "has", "about", "one", "million", ".", "In", "its", "suit", "against", "Time", ",", "Viacom", "says", "the", "ownership", "of", "both", "cable", "systems", "and", "cable-programming", "networks", "gives", "the", "company", "too", "much", "market", "power", ".", "Time", "argues", "that", "in", "joining", "up", "with", "Tele-Communications", ",", "Viacom", "has", "potentially", "more", "power", ",", "particularly", "since", "Viacom", "also", "owns", "cable", "networks", "MTV", ",", "VH-1", "and", "Nick", "at", "Nite", ".", "Ironically", ",", "Tele-Communications", "and", "Time", "have", "often", "worked", "closely", "in", "the", "cable", "business", ".", "Together", ",", "they", "control", "nearly", "40", "%", "of", "Turner", "Broadcasting", "Systems", "Inc.", ";", "Tele-Communications", "has", "a", "21.8", "%", "stake", ",", "while", "Time", "Warner", "has", "a", "17.8", "%", "stake", ".", "But", "since", "Time", "'s", "merger", "with", "Warner", "Communications", "Inc.", ",", "relations", "between", "the", "two", "have", "become", "strained", ".", "Each", "company", "worries", "that", "the", "other", "is", "becoming", "too", "powerful", "and", "too", "vertically", "integrated", ".", "Meanwhile", ",", "some", "legal", "observers", "say", "the", "Tele-Communications", "investment", "and", "other", "developments", "are", "weakening", "Viacom", "'s", "antitrust", "suit", "against", "Time", ".", "Viacom", "accuses", "Time", "in", "its", "suit", "of", "refusing", "to", "carry", "Showtime", "or", "a", "sister", "service", ",", "The", "Movie", "Channel", ",", "on", "Time", "'s", "Manhattan", "Cable", "TV", "system", ",", "one", "of", "the", "nation", "'s", "largest", "urban", "systems", ".", "But", "yesterday", ",", "Manhattan", "Cable", "announced", "it", "will", "launch", "Showtime", "on", "Nov.", "1", "to", "over", "230,000", "subscribers", ".", "Showtime", "has", "also", "accused", "HBO", "of", "locking", "up", "the", "lion", "'s", "share", "of", "Hollywood", "'s", "movies", "by", "signing", "exclusive", "contracts", "with", "all", "the", "major", "studios", ".", "But", "Showtime", "has", "continued", "to", "sign", "new", "contracts", "with", "Hollywood", "studios", ",", "and", "yesterday", "announced", "it", "will", "buy", "movies", "from", "Columbia", "Pictures", "Entertainment", "Inc.", ",", "which", "currently", "has", "a", "non-exclusive", "arrangement", "with", "HBO", "." ]
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[ "National", "Convenience", "Stores", "Inc.", ",", "trying", "to", "shake", "the", "doldrums", "in", "the", "convenience-store", "business", ",", "said", "it", "will", "rearrange", "the", "merchandise", "in", "all", "of", "its", "stores", "in", "the", "next", "18", "months", "to", "cater", "better", "to", "the", "neighborhoods", "around", "its", "stores", ".", "As", "part", "of", "the", "plan", ",", "the", "Houston-based", "company", "'s", "1,100", "Stop", "'N", "Go", "stores", "will", "be", "refocused", "to", "target", "black", ",", "Hispanic", ",", "upscale", "or", "core", "middle-class", "customers", ".", "Stores", "in", "upper-income", "neighborhoods", ",", "for", "instance", ",", "will", "carry", "high-priced", "wines", ",", "publications", "such", "as", "Vanity", "Fair", ",", "gourmet", "pasta", "sauces", ",", "oat", "bran", "cereals", "and", "Weight", "Watchers", "and", "Pritikin", "products", ".", "Stores", "in", "Hispanic", "areas", "will", "stock", "an", "assortment", "of", "Spanish-language", "magazines", ",", "Mexican", "cooking", "items", "and", "candies", ".", "Stores", "in", "the", "company", "'s", "core", "middle-class", "market", "will", "get", "more", "frozen", "and", "quick-to-prepare", "foods", "and", "a", "greater", "selection", "of", "bottled", "water", ".", "V.H.", "Van", "Horn", ",", "National", "Convenience", "president", "and", "chief", "executive", "officer", ",", "said", "the", "move", "reflects", "the", "company", "'s", "realization", "that", "the", "industry", "'s", "poor", "performance", "stems", "from", "its", "failure", "to", "give", "customers", "what", "they", "want", "--", "rather", "than", "from", "increasing", "competition", "from", "gasoline", "stations", "and", "24-hour", "grocery", "stores", ".", "``", "Convenience", "store", "merchandise", "has", "not", "kept", "pace", "with", "current", "trends", "in", "consumer", "preferences", ",", "''", "he", "said", "in", "a", "speech", "at", "the", "company", "'s", "annual", "shareholders", "meeting", ".", "Analysts", "and", "competitors", "said", "the", "move", "reflects", "a", "growing", "need", "by", "the", "stores", "to", "expand", "their", "customer", "base", "beyond", "the", "traditional", "blue-collar", "worker", "who", "pops", "into", "a", "convenience", "store", "for", "a", "sandwich", ",", "cigarettes", ",", "soda", "or", "beer", ".", "``", "There", "are", "an", "increasing", "number", "of", "people", "out", "there", "who", "are", "time-poor", ",", "''", "said", "Chris", "Vroom", ",", "retail", "analyst", "with", "Alex", ".", "Brown", "&", "Sons", "of", "Baltimore", ".", "``", "Those", "are", "primarily", "white-collar", "workers", ",", "a", "customer", "segment", "that", "has", "historically", "proved", "elusive", "for", "convenience", "stores", ".", "''", "National", "Convenience", "'s", "move", "is", "likely", "to", "be", "echoed", "by", "other", "chains", ",", "though", "analysts", "note", "that", "Southland", "Corp.", ",", "owner", "of", "7-Eleven", "stores", ",", "and", "Circle", "K", "Corp.", "are", "too", "debt-heavy", "to", "roll", "out", "such", "an", "extensive", "effort", ".", "Still", ",", "Southland", "said", "that", "its", "franchisees", "have", "been", "targeting", "their", "merchandise", "to", "their", "customers", "for", "years", ",", "and", "that", "the", "company", "has", "begun", "to", "follow", "suit", ".", "For", "instance", ",", "Southland", "has", "expanded", "its", "bottled", "water", "selection", "in", "some", "stores", "and", "added", "fresh", "sandwiches", "in", "some", "outlets", ".", "Several", "months", "ago", ",", "it", "also", "added", "black", "health", "and", "beauty", "aids", "displays", "to", "many", "stores", ",", "a", "spokeswoman", "said", ".", "``", "We", "certainly", "see", "an", "increasing", "trend", "toward", "that", ",", "''", "she", "added", ".", "National", "Convenience", "said", "it", "has", "tested", "its", "new", "merchandise", "mix", "in", "100", "stores", ",", "with", "favorable", "results", ".", "Analysts", "said", "the", "company", "'s", "effort", "will", "be", "helped", "by", "its", "decision", "last", "year", "to", "put", "point-of-sale", "scanners", "in", "200", "stores", ",", "allowing", "National", "Convenience", "to", "quickly", "track", "items", "that", "are", "selling", "and", "those", "that", "are", "n't", ".", "To", "promote", "its", "new", "strategy", ",", "National", "Convenience", "said", "it", "plans", "to", "spend", "about", "$", "12", "million", "on", "advertising", "for", "the", "year", "ending", "June", "30", ",", "up", "from", "about", "$", "10", "million", "in", "fiscal", "1989", "." ]
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[ "compound", "compound", "compound", "nsubj", "punct", "advcl", "mark", "xcomp", "det", "obj", "case", "det", "compound", "nmod", "punct", "root", "nsubj", "aux", "ccomp", "det", "obj", "case", "nmod", "case", "nmod:poss", "nmod", "case", "det", "amod", "nummod", "obl", "mark", "advcl", "advmod", "case", "det", "obl", "case", "nmod:poss", "nmod", "punct", "case", "obl", "case", "det", "nmod", "punct", "det", "amod", "nmod:poss", "case", "nummod", "compound", "compound", "compound", "nsubj:pass", "aux", "aux:pass", "root", "mark", "xcomp", "dep", "punct", "conj", "punct", "conj", "cc", "conj", "xcomp", "dep", "punct", "nsubj", "case", "compound", "nmod", "punct", "case", "obl", "punct", "aux", "root", "amod", "obj", "punct", "conj", "case", "fixed", "compound", "nmod", "punct", "compound", "compound", "conj", "punct", "compound", "compound", "conj", "cc", "compound", "conj", "cc", "compound", "conj", "punct", "nsubj", "case", "compound", "nmod", "aux", "root", "det", "obj", "case", "compound", "nmod", "punct", "amod", "compound", "appos", "cc", "conj", "punct", "nsubj", "case", "det", "nmod:poss", "case", "compound", "compound", "nmod", "aux", "root", "advmod", "amod", "cc", "conj", "obj", "cc", "det", "amod", "conj", "case", "amod", "nmod", "punct", "compound", "compound", "nsubj", "punct", "compound", "dep", "appos", "cc", "compound", "compound", "conj", "punct", "root", "det", "nsubj", "ccomp", "det", "nmod:poss", "case", "obj", "mark", "det", "nmod:poss", "case", "amod", "nsubj", "ccomp", "case", "nmod:poss", "obl", "mark", "acl", "obj", "obj", "nsubj", "dep", "punct", "cc", "fixed", "case", "amod", "conj", "case", "compound", "nmod", "cc", "amod", "compound", "conj", "punct", "punct", "amod", "compound", "nsubj", "aux", "advmod", "ccomp", "obj", "case", "amod", "obl", "case", "compound", "nmod", "punct", "punct", "nsubj", "root", "case", "det", "obl", "case", "det", "nmod:poss", "case", "amod", "compound", "nmod", "punct", "nsubj", "cc", "conj", "root", "det", "nsubj", "ccomp", "det", "amod", "obj", "case", "det", "nmod", "mark", "acl", "nmod:poss", "compound", "obj", "case", "det", "amod", "amod", "obl", "nsubj", "acl:relcl", "case", "det", "compound", "obl", "case", "det", "obl", "punct", "conj", "punct", "conj", "cc", "conj", "punct", "punct", "expl", "ccomp", "det", "amod", "nsubj", "case", "nmod", "advmod", "dep", "nsubj", "cop", "acl:relcl", "punct", "punct", "root", "compound", "nsubj", "punct", "amod", "appos", "case", "compound", "punct", "nmod", "cc", "conj", "case", "nmod", "punct", "punct", "nsubj", "cop", "advmod", "amod", "root", "punct", "det", "compound", "appos", "nsubj", "aux", "advmod", "acl:relcl", "xcomp", "case", "compound", "obl", "punct", "punct", "compound", "nmod:poss", "case", "nsubj", "cop", "root", "mark", "aux:pass", "xcomp", "case", "amod", "obl", "punct", "mark", "nsubj", "advcl", "mark", "compound", "nsubj", "punct", "appos", "case", "compound", "nmod", "punct", "cc", "compound", "compound", "conj", "cop", "advmod", "ccomp", "mark", "xcomp", "compound:prt", "det:predet", "det", "amod", "obj", "punct", "advmod", "punct", "nsubj", "root", "mark", "nmod:poss", "nsubj", "aux", "aux", "ccomp", "nmod:poss", "obj", "case", "nmod:poss", "obl", "case", "obl", "punct", "cc", "mark", "det", "nsubj", "aux", "conj", "mark", "xcomp", "obj", "punct", "case", "obl", "punct", "nsubj", "aux", "root", "nmod:poss", "amod", "compound", "obj", "case", "det", "obl", "cc", "conj", "amod", "obj", "case", "det", "obl", "punct", "amod", "advmod", "case", "punct", "nsubj", "advmod", "ccomp", "amod", "obj", "cc", "compound", "compound", "conj", "case", "amod", "obl", "punct", "det", "nsubj", "root", "punct", "punct", "nsubj", "advmod", "ccomp", "det", "amod", "obj", "case", "nmod", "punct", "punct", "nsubj", "root", "punct", "compound", "nsubj", "root", "nsubj", "aux", "ccomp", "nmod:poss", "amod", "compound", "obj", "case", "nummod", "obl", "punct", "case", "amod", "obl", "punct", "nsubj", "root", "det", "nmod:poss", "case", "nsubj:pass", "aux", "aux:pass", "ccomp", "case", "nmod:poss", "obl", "amod", "obl:tmod", "mark", "acl", "amod", "obj", "case", "nummod", "obl", "punct", "advcl", "compound", "obj", "mark", "advmod", "xcomp", "obj", "nsubj", "aux", "acl:relcl", "cc", "conj", "nsubj", "acl:relcl", "advmod", "punct", "mark", "advcl", "nmod:poss", "amod", "obj", "punct", "compound", "nsubj", "root", "nsubj", "ccomp", "mark", "xcomp", "advmod", "obj", "compound", "nummod", "case", "obl", "case", "det", "obl", "acl", "obl:tmod", "nummod", "punct", "advmod", "case", "advmod", "obl", "compound", "nummod", "case", "amod", "obl", "punct" ]
[ "Trinity", "Industries", "Inc.", "said", "it", "reached", "a", "preliminary", "agreement", "to", "manufacture", "1,000", "coal", "rail", "cars", "for", "Norfolk", "Southern", "Corp", ".", "Trinity", "estimated", "the", "value", "of", "the", "pact", "at", "more", "than", "$", "40", "million", ".", "Trinity", "said", "it", "plans", "to", "begin", "delivery", "of", "the", "rail", "cars", "in", "the", "first", "quarter", "of", "1990", ".", "It", "said", "the", "1,000", "rail", "cars", "are", "in", "addition", "to", "the", "1,450", "coal", "rail", "cars", "presently", "being", "produced", "for", "Norfolk", "Southern", ",", "a", "Norfolk", ",", "Va.-based", "railroad", "concern", "." ]
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[ "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "det", "amod", "obj", "mark", "acl", "nummod", "compound", "compound", "obj", "case", "compound", "compound", "obl", "punct", "nsubj", "root", "det", "obj", "case", "det", "nmod", "case", "advmod", "fixed", "obl", "compound", "nummod", "punct", "nsubj", "root", "nsubj", "ccomp", "mark", "xcomp", "obj", "case", "det", "compound", "nmod", "case", "det", "amod", "obl", "case", "nmod", "punct", "nsubj", "root", "det", "nummod", "compound", "nsubj", "cop", "case", "ccomp", "case", "det", "nummod", "compound", "compound", "nmod", "advmod", "aux:pass", "acl", "case", "compound", "obl", "punct", "det", "amod", "punct", "amod", "compound", "appos", "punct" ]
[ "Keith", "A.", "Tucker", "was", "named", "a", "director", "of", "this", "insurance", "and", "financial", "services", "concern", ".", "Mr.", "Tucker", ",", "44", "years", "old", ",", "is", "president", "of", "Trivest", "Securities", "Corp.", "and", "senior", "vice", "president", "of", "Trivest", "Inc.", ",", "closely", "held", "investment", "companies", "based", "in", "Miami", ".", "His", "selection", "increases", "the", "size", "of", "the", "board", "to", "12", "members", ".", "Torchmark", "also", "said", "that", "Samuel", "E.", "Upchurch", "Jr.", ",", "37", ",", "vice", "president", "and", "general", "counsel", ",", "was", "selected", "to", "serve", "the", "remainder", "of", "the", "term", "vacated", "by", "John", "S.P.", "Samford", ",", "who", "resigned", "as", "director", "." ]
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[ "compound", "compound", "nsubj:pass", "aux:pass", "root", "det", "xcomp", "case", "det", "nmod", "cc", "amod", "compound", "conj", "punct", "compound", "nsubj", "punct", "nummod", "obl:npmod", "amod", "punct", "cop", "root", "case", "compound", "compound", "nmod", "cc", "amod", "compound", "conj", "case", "compound", "nmod", "punct", "advmod", "amod", "compound", "conj", "acl", "case", "obl", "punct", "nmod:poss", "nsubj", "root", "det", "obj", "case", "det", "nmod", "case", "nummod", "obl", "punct", "nsubj", "advmod", "root", "mark", "compound", "compound", "compound", "nsubj:pass", "punct", "amod", "punct", "compound", "appos", "cc", "amod", "conj", "punct", "aux:pass", "ccomp", "mark", "xcomp", "det", "obj", "case", "det", "nmod", "acl", "case", "compound", "compound", "obl", "punct", "nsubj", "acl:relcl", "case", "obl", "punct" ]
[ "Eagle", "Financial", "Corp.", "and", "Webster", "Financial", "Corp.", ",", "two", "Connecticut", "savings", "bank-holding", "companies", ",", "agreed", "to", "merge", "in", "a", "tax-free", "stock", "transaction", ".", "The", "new", "holding", "company", ",", "Webster/Eagle", "Bancorp", "Inc.", ",", "will", "have", "about", "$", "1.2", "billion", "of", "assets", "and", "19", "banking", "offices", "in", "Connecticut", ".", "Tangible", "capital", "will", "be", "about", "$", "115", "million", ".", "The", "merger", "is", "subject", "to", "regulatory", "clearance", "and", "a", "definitive", "agreement", ".", "In", "the", "merger", ",", "each", "share", "of", "Webster", ",", "based", "in", "Waterbury", ",", "will", "be", "converted", "into", "one", "share", "of", "the", "new", "company", ".", "Each", "share", "of", "Eagle", ",", "based", "in", "Bristol", ",", "will", "become", "0.95", "share", "of", "Webster/Eagle", ".", "In", "American", "Stock", "Exchange", "composite", "trading", "Friday", ",", "Eagle", "shares", "rose", "12.5", "cents", "to", "$", "11", ".", "In", "national", "over-the-counter", "trading", ",", "Webster", "shares", "fell", "25", "cents", "to", "$", "12.375", ".", "Webster", "has", "3.5", "million", "shares", "outstanding", "and", "Eagle", "2.6", "million", ".", "Their", "indicated", "market", "values", "thus", "are", "about", "$", "43.3", "million", "and", "$", "28.6", "million", ",", "respectively", ".", "Frank", "J.", "Pascale", ",", "chairman", "of", "Eagle", ",", "will", "be", "chairman", "of", "the", "new", "firm", "and", "James", "C.", "Smith", ",", "president", "and", "chief", "executive", "officer", "of", "Webster", ",", "will", "take", "those", "posts", "at", "Webster/Eagle", ".", "Harold", "W.", "Smith", "Sr.", ",", "chairman", "of", "Webster", ",", "will", "become", "chairman", "emeritus", "and", "a", "director", "of", "the", "new", "company", ".", "Ralph", "T.", "Linsley", ",", "vice", "chairman", "of", "Eagle", ",", "will", "become", "vice", "chairman", "of", "Webster/Eagle", ".", "The", "board", "will", "be", "made", "up", "of", "seven", "directors", "of", "each", "holding", "company", ".", "In", "an", "interview", ",", "James", "Smith", "said", "the", "banks", "'", "``", "markets", "are", "contiguous", "and", "their", "business", "philosophies", "are", "similar", "and", "conservative", ".", "''", "Nonperforming", "loans", "will", "make", "up", "only", "about", "0.5", "%", "of", "the", "combined", "banks", "'", "total", "loans", "outstanding", ",", "he", "said", ".", "At", "June", "30", ",", "Webster", ",", "which", "owns", "First", "Federal", "Savings", "&", "Loan", "Association", "of", "Waterbury", ",", "had", "assets", "of", "$", "699", "million", ".", "Eagle", ",", "which", "controls", "Bristol", "Federal", "Savings", "Bank", "and", "First", "Federal", "Savings", "&", "Loan", "Association", "of", "Torrington", ",", "had", "assets", "of", "$", "469.6", "million", "on", "that", "date", "." ]
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[ "compound", "compound", "nsubj", "cc", "compound", "compound", "conj", "punct", "nummod", "compound", "compound", "amod", "appos", "punct", "root", "mark", "xcomp", "case", "det", "amod", "compound", "obl", "punct", "det", "amod", "amod", "nsubj", "punct", "compound", "compound", "appos", "punct", "aux", "root", "advmod", "obj", "compound", "nummod", "case", "nmod", "cc", "nummod", "compound", "conj", "case", "nmod", "punct", "amod", "nsubj", "aux", "cop", "advmod", "root", "compound", "nummod", "punct", "det", "nsubj", "cop", "root", "case", "amod", "obl", "cc", "det", "amod", "conj", "punct", "case", "det", "obl", "punct", "det", "nsubj:pass", "case", "nmod", "punct", "acl", "case", "obl", "punct", "aux", "aux:pass", "root", "case", "nummod", "obl", "case", "det", "amod", "nmod", "punct", "det", "nsubj", "case", "nmod", "punct", "acl", "case", "obl", "punct", "aux", "root", "nummod", "xcomp", "case", "nmod", "punct", "case", "compound", "compound", "compound", "compound", "obl", "obl:tmod", "punct", "compound", "nsubj", "root", "nummod", "obj", "case", "obl", "nummod", "punct", "case", "amod", "amod", "obl", "punct", "compound", "nsubj", "root", "nummod", "obj", "case", "obl", "nummod", "punct", "nsubj", "root", "compound", "nummod", "obj", "amod", "cc", "conj", "nummod", "orphan", "punct", "nmod:poss", "amod", "compound", "nsubj", "advmod", "cop", "advmod", "root", "compound", "nummod", "cc", "conj", "compound", "nummod", "punct", "advmod", "punct", "compound", "compound", "nsubj", "punct", "appos", "case", "nmod", "punct", "aux", "cop", "root", "case", "det", "amod", "nmod", "cc", "compound", "compound", "nsubj", "punct", "appos", "cc", "amod", "amod", "conj", "case", "nmod", "punct", "aux", "conj", "det", "obj", "case", "obl", "punct", "compound", "compound", "compound", "nsubj", "punct", "appos", "case", "nmod", "punct", "aux", "root", "compound", "xcomp", "cc", "det", "conj", "case", "det", "amod", "nmod", "punct", "compound", "compound", "nsubj", "punct", "compound", "appos", "case", "nmod", "punct", "aux", "root", "compound", "xcomp", "case", "nmod", "punct", "det", "nsubj:pass", "aux", "aux:pass", "root", "compound:prt", "case", "nummod", "obl", "case", "det", "amod", "nmod", "punct", "case", "det", "obl", "punct", "compound", "nsubj", "root", "det", "nmod:poss", "case", "punct", "nsubj", "cop", "dep", "cc", "nmod:poss", "compound", "nsubj", "cop", "conj", "cc", "conj", "punct", "punct", "amod", "nsubj", "aux", "ccomp", "compound:prt", "advmod", "advmod", "nummod", "obj", "case", "det", "amod", "nmod:poss", "case", "amod", "nmod", "amod", "punct", "nsubj", "root", "punct", "case", "obl", "nummod", "punct", "nsubj", "punct", "nsubj", "acl:relcl", "compound", "compound", "obj", "cc", "compound", "conj", "case", "nmod", "punct", "root", "obj", "case", "nmod", "compound", "nummod", "punct", "nsubj", "punct", "nsubj", "acl:relcl", "compound", "compound", "compound", "obj", "cc", "compound", "compound", "conj", "cc", "compound", "conj", "case", "nmod", "punct", "root", "obj", "case", "nmod", "compound", "nummod", "case", "det", "obl", "punct" ]
[ "Young", "'s", "Market", "Co.", ",", "a", "wholesaler", "of", "spirits", ",", "wines", "and", "other", "goods", ",", "said", "it", "will", "merge", "with", "a", "new", "corporation", "formed", "by", "the", "Underwood", "family", ",", "which", "controls", "Young", "'s", ".", "Under", "terms", "of", "the", "agreement", ",", "shareholders", "other", "than", "the", "Underwoods", "will", "receive", "$", "3,500", "a", "share", "at", "closing", ",", "which", "is", "expected", "in", "December", ".", "The", "Underwood", "family", "said", "that", "holders", "of", "more", "than", "a", "majority", "of", "the", "stock", "of", "the", "company", "have", "approved", "the", "transaction", "by", "written", "consent", "." ]
[ 4, 1, 4, 16, 4, 7, 4, 9, 7, 9, 9, 14, 14, 9, 4, 0, 19, 19, 16, 23, 23, 23, 19, 23, 28, 28, 28, 24, 28, 31, 28, 31, 32, 16, 2, 13, 5, 5, 2, 13, 13, 7, 11, 11, 8, 13, 0, 13, 14, 17, 14, 19, 13, 19, 23, 23, 19, 25, 23, 13, 3, 3, 4, 0, 19, 19, 8, 6, 11, 11, 8, 14, 14, 11, 17, 17, 14, 19, 4, 21, 19, 24, 24, 19, 4 ]
[ "nmod:poss", "case", "compound", "nsubj", "punct", "det", "appos", "case", "nmod", "punct", "conj", "cc", "amod", "conj", "punct", "root", "nsubj", "aux", "ccomp", "case", "det", "amod", "obl", "acl", "case", "det", "compound", "obl", "punct", "nsubj", "acl:relcl", "obj", "case", "punct", "case", "obl", "case", "det", "nmod", "punct", "nsubj", "amod", "case", "det", "obl", "aux", "root", "obj", "nummod", "det", "obl:npmod", "case", "obl", "punct", "nsubj:pass", "aux:pass", "acl:relcl", "case", "obl", "punct", "det", "compound", "nsubj", "root", "mark", "nsubj", "case", "nmod", "case", "det", "nmod", "case", "det", "nmod", "case", "det", "nmod", "aux", "ccomp", "det", "obj", "case", "amod", "obl", "punct" ]
[ "Follow", "With", "Care", "``", "Work", "hard", ",", "play", "hard", "''", "is", "advice", "Best", "taken", "with", "some", "caution", ",", "For", "it", "can", "bring", "fitness", "and", "success", "Or", "a", "state", "of", "total", "exhaustion", ".", "--", "Edward", "F.", "Dempsey", ".", "Double", "Check", "The", "guest", "paid", "his", "bill", "at", "the", "resort", "hotel", ",", "and", "as", "he", "departed", "he", "noticed", "a", "sign", "saying", ",", "``", "Have", "You", "Left", "Anything", "?", "''", "The", "man", "went", "back", "and", "spoke", "to", "the", "desk", "clerk", ":", "``", "That", "sign", "is", "wrong", ",", "''", "he", "said", ".", "``", "It", "should", "read", ",", "``", "Have", "You", "Anything", "Left", "?", "''", "--", "Sam", "Ewing", "." ]
[ 0, 3, 1, 9, 9, 2, 2, 2, 5, 9, 9, 0, 11, 9, 14, 14, 11, 9, 9, 19, 19, 9, 19, 22, 20, 25, 25, 20, 28, 28, 25, 9, 4, 4, 4, 0, 4, 0, 1, 2, 3, 0, 5, 3, 9, 9, 9, 3, 3, 16, 14, 14, 16, 16, 3, 18, 16, 18, 19, 19, 24, 24, 19, 24, 24, 19, 2, 3, 0, 3, 6, 3, 10, 10, 10, 6, 3, 20, 14, 16, 16, 20, 20, 20, 20, 3, 3, 4, 4, 4, 0, 4, 4, 4, 7, 7, 9, 4, 4, 3, 3, 0, 3 ]
[ "root", "case", "obl", "punct", "ccomp", "advmod", "punct", "parataxis", "advmod", "punct", "cop", "root", "advmod", "acl", "case", "det", "obl", "punct", "dep", "nsubj", "aux", "parataxis", "obj", "cc", "conj", "cc", "det", "conj", "case", "amod", "nmod", "punct", "punct", "compound", "compound", "root", "punct", "root", "dep", "det", "nsubj", "root", "nmod:poss", "obj", "case", "det", "compound", "obl", "punct", "cc", "mark", "nsubj", "advcl", "nsubj", "conj", "det", "obj", "acl", "punct", "punct", "aux", "nsubj", "dep", "obj", "punct", "punct", "det", "nsubj", "root", "advmod", "cc", "conj", "case", "det", "compound", "obl", "punct", "punct", "det", "nsubj", "cop", "ccomp", "punct", "punct", "nsubj", "parataxis", "punct", "punct", "nsubj", "aux", "root", "punct", "punct", "dep", "nsubj", "dep", "amod", "punct", "punct", "punct", "compound", "root", "punct" ]
[ "A", "volcano", "will", "erupt", "next", "month", "on", "the", "fabled", "Strip", ":", "a", "60-foot", "mountain", "spewing", "smoke", "and", "flame", "every", "five", "minutes", ".", "The", "man-made", "inferno", "will", "tower", "over", "a", "man-made", "lagoon", "with", "more", "than", "four", "acres", "of", "pools", ",", "grottoes", "and", "waterfalls", ".", "Visitors", ",", "whisked", "from", "the", "Strip", "on", "a", "moving", "walkway", ",", "will", "glide", "over", "a", "habitat", "for", "rare", "white", "tigers", ",", "which", "will", "star", "in", "performances", "by", "the", "famed", "illusionist", "team", "of", "Siegfried", "&", "Roy", ".", "Nearby", ",", "six", "dolphins", "will", "frolic", "in", "a", "1.5", "million-gallon", "saltwater", "aquarium", ".", "At", "the", "core", "of", "all", "this", "stands", "a", "hotel", ".", "In", "the", "lobby", "behind", "its", "nine-story", ",", "orchid-strewn", "atrium", ",", "a", "20,000-gallon", "aquarium", "will", "come", "alive", "with", "sharks", ",", "stingrays", ",", "angelfish", ",", "puffers", "and", "other", "creatures", "of", "the", "deep", ".", "And", "oh", ",", "yes", ".", "There", "'s", "a", "casino", ",", "the", "financial", "heart", "of", "it", "all", ".", "This", "is", "the", "Mirage", ",", "a", "$", "630", "million", "island-fantasy", "hotel-casino", "now", "being", "completed", "for", "opening", "in", "November", "by", "Golden", "Nugget", "Inc", ".", "It", "'s", "the", "most", "stunning", "example", "of", "Las", "Vegas", "'s", "concerted", "effort", "to", "transform", "itself", "into", "a", "world-famous", "vacation", "resort", "for", "families", "as", "well", "as", "gamblers", ".", "Las", "Vegas", "has", "seen", "nothing", "quite", "like", "it", "before", ".", "Not", "for", "15", "years", "has", "a", "big", "new", "hotel-casino", "opened", "here", ".", "Now", "the", "Mirage", "and", "Circus", "Circus", "Enterprises", "Inc.", "'s", "$", "290", "million", "Excalibur", "are", "going", "up", ".", "The", "Excalibur", ",", "with", "a", "castlelike", "hotel", ",", "jousting", "tournaments", "and", "other", "Arthurian", "attractions", ",", "will", "be", "able", "to", "handle", "up", "to", "30,000", "visitors", "a", "day", "when", "it", "opens", "in", "1990", ".", "If", "MGM", "Grand", "Inc.", "proceeds", "with", "its", "plan", "for", "an", "amusement", "park", "--", "a", "$", "700", "million", "movieland", "resort", "with", "a", "working", "studio", ",", "casino", "and", "5,000-room", "hotel", "that", "would", "become", "Las", "Vegas", "'s", "biggest", "--", "the", "investment", "in", "the", "three", "properties", "will", "total", "some", "$", "1.6", "billion", ".", "MGM", "Grand", "has", "agreed", "to", "buy", "a", "117-acre", "site", "for", "the", "resort", "for", "$", "93", "million", "in", "cash", "plus", "stock", "currently", "valued", "at", "nearly", "$", "30", "million", ".", "Smaller", "projects", "swell", "the", "figure", "to", "at", "least", "$", "2.5", "billion", ".", "Still", "other", "projects", "that", "have", "been", "announced", "but", "not", "yet", "started", "could", "put", "expenditures", "above", "$", "3", "billion", "over", "the", "next", "few", "years", ".", "Stephen", "A.", "Wynn", ",", "who", "owns", "29.4", "%", "of", "Golden", "Nugget", "'s", "shares", ",", "says", "the", "Mirage", "and", "other", "projects", "will", "help", "Las", "Vegas", "attract", "a", "whole", "new", "generation", "of", "visitors", ".", "``", "If", "you", "create", "a", "wonderment", ",", "if", "you", "create", "something", "so", "exciting", "that", "the", "public", "dreams", "of", "being", "part", "of", "it", ",", "then", "they", "'ll", "come", ",", "''", "he", "says", ".", "The", "projects", "already", "under", "construction", "will", "increase", "Las", "Vegas", "'s", "supply", "of", "hotel", "rooms", "by", "11,795", ",", "or", "nearly", "20", "%", ",", "to", "75,500", ".", "By", "a", "rule", "of", "thumb", "of", "1.5", "new", "jobs", "for", "each", "new", "hotel", "room", ",", "Clark", "County", "will", "have", "nearly", "18,000", "new", "jobs", ".", "The", "county", "at", "the", "end", "of", "1988", "had", "307,000", "jobs", ",", "95,400", "of", "them", "in", "the", "tourist", "industry", ".", "Projects", "in", "the", "talking", "or", "blueprint", "stage", "would", "add", "a", "further", "48,000", "rooms", ".", "Hotel-casino", "operators", "play", "down", "the", "possibility", "of", "a", "labor", "shortage", ".", "After", "all", ",", "40,000", "newcomers", "a", "year", "are", "settling", "in", "the", "Las", "Vegas", "Valley", ".", "But", "Nevada", "state", "labor", "economists", "think", "a", "shortage", "is", "probable", ".", "Nobody", "yet", "seems", "to", "have", "calculated", "the", "total", "number", "of", "slot", "machines", ",", "crap", "tables", "or", "roulette", "wheels", "Las", "Vegas", "will", "add", "to", "the", "enormous", "store", "that", "Lady", "Luck", "already", "guards", "here", ",", "much", "less", "the", "ultimate", "impact", "of", "the", "growth", "on", "schools", "and", "municipal", "services", ".", "``", "Traffic", "is", "certainly", "a", "concern", ",", "as", "is", "pollution", ",", "water", "and", "an", "adequate", "labor", "market", ",", "''", "says", "Frank", "Sain", ",", "executive", "director", "of", "the", "Las", "Vegas", "Convention", "and", "Visitors", "Bureau", ".", "City", "fathers", "have", "managed", "to", "push", "through", "projects", "that", "are", "crucial", "for", "tourist", "growth", ",", "such", "as", "the", "expansion", "of", "McCarran", "International", "Airport", "to", "accommodate", "the", "44", "%", "of", "Las", "Vegas", "tourists", "who", "fly", "here", ".", "This", "year", ",", "by", "one", "means", "of", "transport", "or", "another", ",", "more", "than", "18", "million", "people", "will", "visit", "the", "city", ".", "The", "expansion", "will", "set", "off", "a", "marketing", "war", "among", "the", "big", "hotel-casinos", ".", "Las", "Vegas", "promises", ",", "or", "threatens", ",", "to", "become", "a", "giant", "carnival", ",", "with", "rooms", "to", "be", "had", "for", "$", "45", "a", "day", "or", "less", ",", "for", "visitors", "uninspired", "solely", "by", "gambling", ".", "Amid", "a", "riot", "of", "jousting", "knights", ",", "circus", "clowns", ",", "gold-leaf", "centurions", "and", "creatures", "of", "the", "wild", ",", "lesser", "competitors", "will", "fall", ".", "Caesars", "World", "Inc.", "plans", "to", "defend", "its", "august", "reputation", "by", "sinking", "$", "190", "million", "into", "its", "opulent", "Caesars", "Palace", ",", "next", "door", "to", "the", "new", "Mirage", ",", "and", "adding", "a", "$", "100", "million", "shopping", "area", "reminiscent", "of", "Rodeo", "Drive", ".", "The", "Palace", ",", "with", "its", "marble", "fountains", "and", "toga", "parties", "for", "high", "rollers", ",", "is", "already", "well-known", "for", "its", "Caesarean", "theme", ".", "The", "Flamingo", "Hilton", ",", "Imperial", "Palace", ",", "Frontier", "and", "others", "are", "pouring", "millions", "of", "dollars", "into", "facelifts", ",", "new", "room", "towers", "and", "casino", "floor", "space", "just", "to", "keep", "up", ".", "Where", "'s", "this", "huge", "amount", "of", "investment", "capital", "coming", "from", "?", "Golden", "Nugget", ",", "Drexel", "Burnham", "Lambert", "Inc.", "'s", "first", "casino", "client", ",", "has", "borrowed", "on", "more", "than", "$", "600", "million", "worth", "of", "mortgage", "notes", ",", "mostly", "sold", "to", "private", "investors", "by", "Drexel", ",", "to", "build", "the", "Mirage", ".", "Other", "casino", "owners", ",", "Circus", "Circus", "among", "them", ",", "are", "financing", "their", "expansion", "with", "their", "own", "cash", "and", "revolving", "credit", "lines", "from", "local", "lenders", "such", "as", "First", "Interstate", "Bank", "of", "Nevada", ".", "Will", "the", "investments", "pay", "off", "?", "The", "growth", "of", "Las", "Vegas", "tourism", "in", "recent", "years", "persuades", "lenders", "that", "they", "will", ".", "Casino", "revenues", "and", "hotel", "occupancy", "rates", "are", "high", ".", "Last", "year", ",", "the", "tourists", "left", "$", "3", "billion", "with", "the", "area", "'s", "casinos", ",", "nearly", "10", "%", "more", "than", "in", "1987", ".", "The", "people", "with", "a", "stake", "in", "Nevada", "'s", "gambling", "industry", "believe", "that", "they", "have", "barely", "tapped", "the", "potentially", "huge", "family", "trade", ".", "``", "If", "you", "build", "a", "better", "mousetrap", ",", "it", "will", "catch", "more", "mice", ",", "''", "says", "Fred", "Benninger", ",", "chairman", "of", "MGM", "Grand", ".", "Ellen", "Cokely", ",", "a", "tourist", "from", "Alton", ",", "Ill.", ",", "seems", "inclined", "to", "agree", ".", "``", "I", "'d", "love", "it", "if", "my", "daughter", "had", "something", "else", "to", "do", "here", ",", "''", "says", "Ms.", "Cokely", ",", "watching", "seven-year-old", "Kristin", "on", "the", "water", "slide", "at", "the", "Strip", "'s", "Wet", "'n'", "Wild", "water", "park", ".", "``", "Two", "generations", "ago", ",", "Dad", "came", "to", "Las", "Vegas", "by", "himself", "for", "a", "little", "diversion", ",", "''", "says", "Van", "Heffner", ",", "executive", "vice", "president", "of", "the", "Nevada", "Hotel", "and", "Motel", "Association", ".", "``", "One", "generation", "ago", ",", "Mom", "joined", "Dad", ".", "Now", ",", "in", "the", "'90s", ",", "we", "'re", "headed", "toward", "a", "total", "resort", "environment", ".", "''", "Only", "a", "decade", "or", "so", "ago", ",", "casino", "managers", "balked", "at", "in-room", "TV", "sets", "and", "other", "fripperies", "that", "distracted", "from", "gambling", ".", "Casinos", "today", "offer", "bowling", "alleys", ",", "water", "parks", ",", "golf", "courses", ",", "tennis", "courts", ",", "lush", "swimming", "pools", "and", "other", "diversions", ",", "and", "more", "such", "facilities", "are", "being", "designed", ".", "Despite", "the", "new", "emphasis", "on", "the", "family", "trade", ",", "however", ",", "tourists", "in", "search", "of", "naughtier", "fun", "than", "gambling", "seem", "certain", "to", "find", "it", ",", "with", "Las", "Vegas", "call", "girls", "remaining", "on", "the", "scene", ".", "A", "serious", "economic", "downturn", ",", "pessimists", "observe", ",", "could", "hurt", "the", "expansionists", ".", "For", "now", ",", "however", ",", "the", "naysayers", "'", "voices", "are", "drowned", "by", "the", "roar", "of", "cement", "mixers", "and", "the", "clanging", "of", "construction", "cranes", "along", "the", "Strip", ".", "This", "is", "no", "place", "for", "pedestrians", ",", "but", "at", "7:30", "on", "a", "recent", "morning", ",", "when", "construction", "choked", "traffic", "at", "the", "famous", "Four", "Corners", "intersection", "to", "one", "lane", ",", "a", "taxi", "passenger", "found", "it", "faster", "to", "abandon", "the", "cab", "and", "walk", "to", "her", "destination", ".", "The", "ferocious", "competition", "probably", "will", "drive", "some", "poorly", "managed", "properties", "into", "bankruptcy", "or", "new", "ownership", ".", "It", "has", "happened", "before", ".", "The", "Dunes", ",", "the", "Aladdin", "and", "the", "Riviera", "were", "all", "acquired", "by", "the", "present", "owners", "from", "bankruptcy", "proceedings", "spawned", "by", "the", "last", "recession", ",", "in", "the", "early", "1980s", ".", "Yet", "that", "has", "n't", "discouraged", "investors", ".", "Some", "have", "bought", "big", "chunks", "of", "Strip", "property", "for", "what", "may", "turn", "into", "another", "wave", "of", "building", ".", "Atlantic", "City", "casino", "owner", "Donald", "Trump", "is", "scouting", "the", "Las", "Vegas", "market", "with", "an", "eye", "toward", "building", "an", "appropriately", "spectacular", "place", ".", "Even", "before", "the", "huge", "new", "projects", "began", ",", "the", "Strip", "'s", "recent", "expansion", "squeezed", "smaller", "competitors", ".", "Many", "blue-collar", "customers", "of", "downtown", "'s", "no-frills", "gambling", "spots", "have", "been", "lured", "to", "the", "Strip", "or", "to", "Laughlin", ",", "Nev.", ",", "a", "Colorado", "River", "town", "catering", "to", "snowbirds", "and", "the", "recreational-vehicle", "crowd", ".", "Hotel", "expansion", "and", "an", "influx", "of", "more-discriminating", "tourists", "have", "hurt", "motels", ".", "Since", "1979", ",", "the", "number", "of", "motel", "rooms", "has", "fallen", "by", "17,000", ".", "Many", "people", "here", "expect", "a", "room-rate", "war", "as", "the", "new", "projects", "open", ".", "``", "There", "'s", "probably", "going", "to", "be", "some", "pressure", "on", "occupancy", "and", "room", "rates", "over", "the", "next", "year", ",", "but", "after", "that", "you", "should", "see", "the", "market", "return", "to", "80%-plus", "occupancy", "and", "regular", "rates", ",", "''", "says", "Paul", "Rubeli", ",", "casino", "executive", "at", "Ramada", "Inc.", ",", "which", "runs", "the", "Tropicana", ".", "Skeptics", "wonder", "whether", "mega-resorts", "such", "as", "the", "Mirage", "will", "be", "able", "to", "squeeze", "a", "profit", "from", "their", "cash", "flow", ".", "The", "Mirage", "will", "cost", "at", "least", "$", "1", "million", "a", "day", "to", "operate", ".", "Mr.", "Wynn", "seems", "confident", "that", "it", "will", "produce", "a", "healthy", "profit", ",", "but", "some", "securities", "analysts", "doubt", "it", ".", "Competitors", "and", "analysts", "say", "that", "among", "large", "existing", "properties", "Bally", "Manufacturing", "Corp.", "'s", "Bally", "Grand", "hotel-casino", "probably", "will", "be", "hardest", "hit", "among", "major", "properties", ".", "Bally", "officials", "decline", "to", "discuss", "the", "situation", ".", "Bally", "bought", "the", "former", "MGM", "Grand", "hotel-casino", "from", "Kirk", "Kerkorian", "four", "years", "ago", ".", "Only", "now", "is", "it", "undergoing", "a", "badly", "needed", "facelift", ".", "Its", "parking", "lot", "is", "inconvenient", ",", "the", "MGM", "lion's-head", "logo", "still", "appears", "in", "places", ",", "and", "customers", "still", "call", "it", "the", "Grand", ",", "rather", "than", "the", "Bally", "Grand", ".", "It", "has", "a", "``", "great", "location", ",", "but", "they", "'re", "going", "to", "have", "some", "real", "problems", "when", "everyone", "around", "them", "opens", ",", "''", "says", "Daniel", "Lee", ",", "a", "Drexel", "analyst", ".", "Older", "properties", "that", "still", "have", "a", "1950s", "image", "are", "also", "vulnerable", ".", "Any", "hotel-casino", "without", "a", "strong", "identity", "will", "get", "whacked", "by", "the", "new", "competition", ",", "says", "Glenn", "Schaeffer", ",", "senior", "vice", "president", "of", "Circus", "Circus", ".", "``", "If", "you", "do", "n't", "know", "what", "you", "are", ",", "bigger", "wo", "n't", "make", "you", "better", ",", "''", "he", "says", ".", "``", "But", "it", "'ll", "sure", "make", "you", "poorer", ".", "''", "Circus", "Circus", "'s", "flagship", "casino", "has", "become", "the", "envy", "of", "competitors", "for", "its", "ability", "to", "vacuum", "cash", "from", "the", "pockets", "of", "vacationing", "families", ".", "The", "Circus", "Circus", "lures", "them", "with", "low", "room", "rates", ",", "inexpensive", "buffets", "and", "entertainment", "for", "children", "at", "no", "extra", "charge", ".", "The", "company", "'s", "Excalibur", "will", "also", "appeal", "to", "families", ",", "of", "course", ".", "Its", "castle", ",", "Mr.", "Schaeffer", "says", ",", "will", "be", "``", "the", "most", "compelling", "piece", "of", "folk", "architecture", "ever", "built", ".", "''", "Some", "casino", "owners", "have", "resisted", "the", "temptation", "to", "add", "rooms", ".", "Instead", ",", "they", "are", "spending", "to", "reinforce", "the", "identity", "that", "they", "believe", "attracts", "their", "customers", ".", "``", "More", "rooms", "are", "n't", "the", "answer", "for", "us", ",", "''", "says", "Caesars", "World", "chairman", "Henry", "Gluck", ".", "While", "his", "company", "'s", "hotel", "is", "building", "a", "retail", "complex", "in", "Beverly", "Hills", "style", "and", "redoing", "existing", "rooms", ",", "it", "has", "decreased", "the", "number", "of", "its", "rooms", ".", "Some", "have", "been", "combined", "into", "suites", "for", "the", "high", "rollers", ".", "Caesars", "has", "made", "a", "specialty", "of", "catering", "to", "high", "rollers", "from", "abroad", ",", "who", "are", "also", "being", "aggressively", "courted", "by", "the", "Mirage", ",", "the", "Las", "Vegas", "Hilton", "and", "others", ".", "Other", ",", "smaller", "concerns", "are", "also", "pursuing", "market", "niches", "--", "Hawaiian", "tourists", ",", "for", "example", ",", "or", "the", "local", "trade", ".", "``", "There", "'s", "still", "room", "for", "boutique", "properties", ",", "''", "says", "James", "Barrett", ",", "president", "of", "MarCor", "Resorts", "Inc", ".", "Off", "the", "Strip", ",", "MarCor", "is", "building", "the", "Rio", ",", "a", "hotel-casino", "with", "a", "Brazilian", "theme", "and", "only", "430", "rooms", "--", "all", "of", "them", "suites", ".", "Despite", "the", "proliferation", "of", "tourist", "distractions", ",", "Las", "Vegans", "have", "n't", "forgot", "that", "gambling", "is", "still", "what", "the", "town", "is", "all", "about", ".", "``", "The", "days", "when", "when", "the", "thrust", "of", "casinos", "was", "all", "high", "rollers", ",", "with", "no", "windows", "and", "clocks", "and", "lots", "of", "red", "and", "black", "decor", ",", "are", "gone", ",", "''", "Mr.", "Sain", "of", "the", "visitors", "'", "bureau", "says", ".", "``", "But", "93", "%", "of", "tourists", "still", "come", "for", "gambling", ".", "We", "ca", "n't", "lose", "sight", "of", "that", "." ]
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"late", "yesterday", ".", "The", "SEC", "at", "the", "same", "time", "approved", "a", "similar", "but", "smaller", "basket", "product", "on", "the", "Chicago", "Board", "Options", "Exchange", ",", "where", "the", "minimum", "will", "be", "$", "1.7", "million", ".", "Also", "approved", "was", "a", "plan", "to", "trade", "stock", "portfolios", "by", "computer", "after", "regular", "hours", "on", "the", "Midwest", "Stock", "Exchange", ".", "The", "basket", "products", "are", "``", "an", "evolutionary", "step", "''", "in", "solving", "problems", "in", "trading", "big", "blocks", "of", "stock", "that", "came", "to", "light", "in", "the", "1987", "market", "crash", ",", "said", "SEC", "Commissioner", "Joseph", "Grundfest", ".", "New", "SEC", "Chairman", "Richard", "Breeden", ",", "overseeing", "his", "first", "public", "meeting", ",", "said", "there", "have", "been", "concerns", "that", "the", "Big", "Board", "'s", "basket", "could", "attract", "investors", "with", "a", "``", "short-term", "perspective", "''", "who", "would", "rapidly", "turn", "over", "the", "product", ",", "thus", "increasing", "volatility", ".", "But", "Richard", "Ketchum", ",", "the", "SEC", "'s", "market", "regulation", "chief", ",", "said", "he", "did", "n't", "believe", "``", "this", "will", "spawn", "dramatic", "new", "program-trading", "strategies", "that", "will", "be", "destabilizing", ".", "''", "The", "baskets", "on", "the", "Big", "Board", "and", "CBOE", "--", "which", "involve", "the", "actual", "S&P", "stocks", ",", "unlike", "the", "stock-index", "contracts", "currently", "traded", "on", "the", "Chicago", "futures", "markets", ",", "and", "index", "options", "on", "the", "CBOE", "--", "will", "begin", "trading", "as", "critics", "step", "up", "their", "attacks", "on", "program", "trading", "and", "its", "contributions", "to", "the", "stock", "market", "'s", "wild", "price", "swings", ".", "The", "Big", "Board", "argues", "that", "its", "new", "product", "will", "help", "rather", "than", "hurt", "the", "situation", "by", "possibly", "drawing", "business", "from", "more-volatile", "forms", "of", "program", "trading", ".", "ESPs", "are", "also", "an", "attempt", "by", "the", "Big", "Board", "to", "head", "off", "the", "exodus", "of", "program", "trading", "business", "to", "overseas", "markets", "such", "as", "London", ".", "Big", "Board", "officials", "also", "hope", "Japanese", "investors", "will", "become", "interested", "in", "the", "exchange", "'s", "product", ".", "Already", ",", "many", "of", "the", "Big", "Board", "'s", "own", "floor", "traders", "are", "warning", "that", "the", "ESP", "baskets", "are", "risky", "and", "not", "in", "the", "best", "interests", "of", "the", "investing", "public", ".", "The", "400-member", "Alliance", "of", "Floor", "Brokers", "said", "the", "new", "product", ",", "with", "the", "$", "5", "million", "minimum", ",", "will", "benefit", "only", "big", "institutional", "investors", "and", "could", "lead", "to", "``", "wild", "spasms", "of", "volatility", ".", "''", "Stockbrokers", "who", "cater", "to", "individual", "investors", "said", "the", "Big", "Board", "'s", "new", "product", "confirms", "the", "exchange", "does", "n't", "want", "to", "curtail", "program", "trading", ",", "which", "last", "month", "accounted", "for", "a", "record", "13.8", "%", "of", "the", "exchange", "'s", "average", "daily", "volume", ".", "``", "The", "New", "York", "Stock", "Exchange", "is", "losing", "its", "cool", "here", ",", "''", "said", "James", "Andrews", ",", "head", "of", "institutional", "trading", "at", "Janney", "Montgomery", "Scott", "Inc.", "in", "Philadelphia", ".", "The", "new", "stock", "baskets", "``", "are", "going", "to", "make", "it", "easier", "for", "program", "trading", "to", "be", "done", ".", "And", "it", "'s", "going", "to", "be", "done", "more", "frequently", "as", "the", "result", "of", "having", "more", "access", "to", "it", "at", "different", "places", ".", "''", "Both", "the", "Big", "Board", "'s", "Exchange", "Stock", "Portfolio", "and", "the", "Chicago", "exchange", "'s", "Market", "Basket", "are", "designed", "for", "institutional", "investors", ".", "The", "Big", "Board", "lists", "its", "targets", "as", "pension", "plans", ",", "mutual", "fund", "managers", "and", "index-arbitrage", "traders", ".", "In", "index", "arbitrage", ",", "program", "traders", "buy", "and", "sell", "stocks", "and", "stock-index", "futures", "to", "profit", "from", "small", "price", "discrepancies", "between", "the", "markets", ".", "At", "the", "same", "time", ",", "only", "four", "securities", "firms", "have", "signed", "up", "with", "the", "Big", "Board", "to", "buy", "and", "sell", "ESPs", "as", "market", "makers", ",", "an", "unenthusiastic", "response", ".", "The", "market", "makers", "so", "far", "are", "CS", "First", "Boston", "Group", "'s", "First", "Boston", "Corp.", "unit", ",", "Morgan", "Stanley", "&", "Co.", ",", "PaineWebber", "Group", "Inc.", "and", "Salomon", "Inc.", "'s", "Salomon", "Brothers", "Inc.", "unit", ".", "Kidder", ",", "Peabody", "&", "Co.", ",", "a", "General", "Electric", "Co.", "unit", "that", "has", "become", "the", "biggest", "program", "trader", "along", "with", "Morgan", "Stanley", ",", "is", "n't", "a", "market", "maker", ",", "although", "the", "Big", "Board", "hopes", "that", "will", "change", ".", "Similarly", ",", "the", "Big", "Board", "hopes", "to", "entice", "Merrill", "Lynch", "&", "Co", ".", "Neither", "has", "plans", "to", "be", "a", "market", "maker", "for", "now", ".", "Traders", "said", "major", "securities", "firms", "are", "reluctant", "to", "become", "market", "makers", "because", "they", "fear", "the", "baskets", "may", "attract", "only", "limited", "trading", ".", "Big", "Board", "officials", "say", "only", "25", "contracts", "a", "day", "may", "trade", "at", "first", ",", "equivalent", "to", "a", "day", "'s", "action", "at", "a", "small", ",", "regional", "exchange", ".", "Even", "though", "the", "Big", "Board", "says", "its", 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[ "People", "start", "their", "own", "businesses", "for", "many", "reasons", ".", "But", "a", "chance", "to", "fill", "out", "sales-tax", "records", "is", "rarely", "one", "of", "them", ".", "Red", "tape", "is", "the", "bugaboo", "of", "small", "business", ".", "Ironically", ",", "the", "person", "who", "wants", "to", "run", "his", "or", "her", "own", "business", "is", "probably", "the", "active", ",", "results-oriented", "sort", "most", "likely", "to", "hate", "meeting", "the", "rules", "and", "record-keeping", "demands", "of", "federal", ",", "state", "and", "local", "regulators", ".", "Yet", "every", "business", "owner", "has", "to", "face", "the", "mound", "of", "forms", "and", "regulations", "--", "and", "often", "is", "the", "only", "one", "available", "to", "tackle", "it", ".", "There", "is", "hope", "of", "change", ".", "Last", "week", ",", "Sen.", "Malcolm", "Wallop", "(", "R.", ",", "Wyo", ".", ")", "held", "hearings", "on", "a", "bill", "to", "strengthen", "an", "existing", 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"To", "find", "out", "what", "red", "tape", "riles", "entrepreneurs", "most", ",", "the", "Journal", "asked", "a", "completely", "unscientific", ",", "random", "sample", "of", "business", "owners", "to", "fantasize", "about", "the", "forms", "and", "regulations", "they", "would", "most", "like", "to", "get", "lost", "in", "the", "mail", ".", "Some", "entrepreneurs", "say", "the", "red", "tape", "they", "most", "love", "to", "hate", "is", "red", "tape", "they", "would", "also", "hate", "to", "lose", ".", "They", "concede", "that", "much", "of", "the", "government", "meddling", "that", "torments", "them", "is", "essential", "to", "the", "public", "good", ",", "and", "even", "to", "their", "own", "businesses", ".", "Rules", "that", "set", "standards", "for", "products", "or", "govern", "business", "behavior", ",", "generally", "the", "best", "regarded", "form", "of", "red", "tape", ",", "``", "create", "a", "level", "playing", "field", "and", "keep", "unscrupulous", "competitors", "away", ",", "''", "says", "Sidney", "West", ",", "president", "of", "TechDesign", "International", "Inc.", ",", "a", "Springfield", ",", "Va.", ",", "business", "that", "designs", "telecommunication", "and", "other", "products", ".", "Mr.", "West", "cites", "the", "Federal", "Communications", "Commission", "and", "its", "standards", "for", "telecommunications", "equipment", ":", "``", "They", "monitor", "product", "quality", "and", "prevent", "junk", "from", "flooding", "the", "market", ".", "''", "Some", "gripes", "about", "red", "tape", "are", "predictable", ":", "Architects", "complain", "about", "a", "host", "of", "building", "regulations", ",", "auto", "leasing", "companies", "about", "car", "insurance", "rules", ".", "Determining", "when", "handicapped", "access", "is", "required", "can", "be", "a", "nightmare", "for", "architects", ",", "says", "Mark", "Dooling", ",", "president", "of", "Dooling", "&", "Co.", ",", "a", "Newton", ",", "Mass.", ",", "architectural", "firm", ".", "There", "is", "such", "a", "maze", "of", "federal", ",", "state", "and", "local", "codes", "that", "``", "building", "inspectors", "are", "backing", "away", "from", "interpreting", "them", ",", "''", "Mr.", "Dooling", "says", ".", "Taxi", ",", "leasing", "and", "other", "companies", "that", "maintain", "fleets", "of", "vehicles", "devote", "substantial", "resources", "to", "complying", "with", "state", "insurance", "laws", "and", "a", "host", "of", "agencies", ".", "``", "It", "'s", "very", "costly", "and", "time-consuming", ",", "''", "says", "Phil", "Rosen", ",", "a", "partner", "in", "Fleet", "&", "Leasing", "Management", "Inc.", ",", "a", "Boston", "car-leasing", "company", ".", "One", "senior", "executive", "at", "his", "firm", "spends", "nearly", "20", "%", "of", "his", "time", "on", "insurance", ",", "he", "says", ".", "Other", "forms", "of", "red", "tape", "are", "more", "pervasive", ".", "The", "most", "onerous", ",", "many", "entrepreneurs", "say", ",", "is", "the", "record-keeping", 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"for", "small", "businesses", ".", "It", "'s", "especially", "nettlesome", "``", "if", "you", "'re", "on", "the", "road", "and", "you", "'re", "the", "one", "responsible", ",", "''", "says", "Eddie", "Brown", ",", "president", "of", "Brown", "Capital", "Management", "Inc.", ",", "a", "Baltimore", "money-management", "firm", ".", "EMPLOYEE", "MANUALS", ":", "Revising", "employee", "manuals", "on", "pensions", ",", "health", "care", "and", "other", "subjects", "costs", "over", "$", "25,000", "a", "year", "for", "Bert", "Giguiere", ",", "president", "of", "Professional", "Agricultural", "Management", "Inc.", ",", "a", "Fresno", ",", "Calif.", ",", "provider", "of", "business", "services", "to", "farmers", ".", "An", "employer", "leaves", "itself", "open", "to", "a", "great", "deal", "of", "liability", "if", "its", "employee", "manuals", "do", "n't", "reflect", "the", "most", "recent", "laws", ",", "he", "says", ".", "But", "the", "ever-changing", "laws", "are", "usually", "so", 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"to", "20", "%", "to", "her", "accounting", "bill", "last", "year", ",", "she", "says", ".", "SALES", "TAX", "RECORDS", ":", "Advertising", "agencies", "and", "other", "service", "companies", "are", "exempt", "from", "city", "and", "state", "sales", "tax", "in", "most", "locales", "--", "but", "the", "exemption", "comes", "at", "a", "price", "of", "exhaustive", "records", "and", "rigorous", "reviews", ".", "To", "justify", "their", "exempt", "status", "and", "avoid", "penalties", ",", "these", "businesses", "must", "show", "once", "a", "year", "that", "each", "and", "every", "transaction", "on", "which", "they", "did", "n't", "pay", "sales", "tax", "was", "a", "legitimate", "business", "expense", ".", "``", "You", "need", "one", "person", "to", "just", "take", "care", "of", "sales", "tax", ",", "''", "says", "Jennie", "Tong", ",", "executive", "vice", "president", "of", "Lee", "Liu", "&", "Tong", "Advertising", "Inc.", ",", "New", "York", "." ]
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[ "Office", "Market", "Weakens", "In", "Overbuilt", "Northeast", "THE", "NORTHEAST", "office", "market", "is", "feeling", "serious", "aftereffects", "of", "the", "giddy", "overbuilding", "of", "the", "1980s", ".", "Foreclosures", "and", "other", "signs", "of", "financial", "distress", ",", "most", "often", "associated", "with", "the", "real", "estate", "market", "in", "the", "Southwest", ",", "are", "surfacing", "in", "the", "suburban", "office", "market", "of", "the", "once", "thriving", "Northeast", ".", "Some", "projects", "are", "now", "in", "the", "hands", "of", "lenders", ",", "including", "a", "425,000-square-foot", "office", "facility", "in", "Little", "Falls", ",", "N.J", ".", "The", "owners", "of", "a", "32-acre", "hotel", "and", "office", "complex", "in", "King", "of", "Prussia", ",", "Pa.", ",", "have", "advertised", "for", "new", "financing", ".", "Rising", "office", "vacancy", "rates", "in", "Fairfield", "County", ",", "Conn.", ",", "have", "builders", "and", "bankers", "scrambling", "to", "restructure", "loans", ".", "And", "in", "suburban", "Boston", ",", "developers", "are", "bracing", "for", "cutbacks", "in", "the", "computer", "industry", ",", "a", "major", "user", "of", "office", "space", ".", "Many", "troubled", "properties", "have", "n't", "been", "foreclosed", "on", "and", "are", "hard", "to", "identify", ",", "says", "Albert", "I.", "Berger", ",", "who", "heads", "the", "Secaucus", ",", "N.J.", ",", "office", "of", "Helmsley-Spear", "Inc.", ",", "a", "real", "estate", "brokerage", ".", "Owners", "are", "voluntarily", "--", "and", "quietly", "--", "turning", "over", "properties", "to", "lenders", "through", "``", "deeds", "in", "lieu", "of", "foreclosure", ".", "''", "Often", ",", "developers", "stay", "on", "as", "property", "manager", ".", "Real", "estate", "analyst", "Lloyd", "Lynford", "says", "the", "Northeast", "'s", "distress", "is", "masked", "by", "relatively", "low", "vacancy", "rates", ".", "But", "in", "today", "'s", "overbuilt", "market", ",", "tenants", "have", "many", "choices", "and", "are", "negotiating", "low", "rents", "that", "squeeze", "building", "owners", ".", "On", "average", ",", "Mr.", "Lynford", "says", ",", "it", "now", "takes", "three", "to", "3", "1/2", "years", "to", "fill", "new", "office", "space", ",", "compared", "with", "2", "1/2", "years", "in", "1988", ".", "Beverly", "Hills", "Comes", "To", "Suburban", "Tokyo", "WHY", "SHOULD", "the", "Japanese", "cross", "the", "Pacific", "to", "buy", "American", "real", "estate", "when", "they", "can", "simply", "recreate", "it", "at", "home", "?", "Tokyu", "Development", "Corp.", "is", "spending", "$", "500", "million", "to", "build", "American-style", "luxury", "homes", "in", "suburban", "Tokyo", "with", "rarely", "seen", "back", "yards", ",", "front", "yards", ",", "swimming", "pools", "and", "tennis", "courts", ".", "The", "Japanese", "company", "hired", "Richardson", "Nagy", "Martin", ",", "a", "Newport", "Beach", ",", "Calif.", ",", "architectural", "firm", ",", "to", "design", "what", "the", "Japanese", "press", "has", "dubbed", "``", "the", "Beverly", "Hills", "of", "Tokyo", ".", "''", "Instead", "of", "Japan", "'s", "typical", "small", "homes", "clustered", "on", "narrow", "streets", "with", "no", "sidewalks", ",", "the", "new", "``", "One", "Hundred", "Hills", "''", "development", "will", "offer", "65", "houses", "on", "half-acre", "lots", ".", "That", "'s", "more", "than", "10", "times", "the", "usual", "housing", "site", "size", ".", "Buyers", "with", "$", "6", "million", "to", "spend", "can", "select", "from", "11", "designs", ",", "including", "a", "Mediterranean-inspired", "California", "style", ",", "a", "traditional", "Yankee", "look", "and", "designs", "inspired", "by", "Midwestern", "architect", "Frank", "Lloyd", "Wright", ".", "There", "are", "spacious", "living", "rooms", "and", "baths", ",", "plus", "a", "master", "grandparents", "suite", "and", "a", "foyer", "for", "removing", "shoes", "to", 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[ "Whitbread", "&", "Co.", "put", "its", "spirits", "division", "up", "for", "sale", ",", "triggering", "a", "scramble", "among", "global", "groups", "for", "the", "British", "company", "'s", "brands", ".", "Whitbread", "already", "has", "been", "approached", "by", "``", "about", "half", "a", "dozen", "''", "companies", "interested", "in", "buying", "all", "or", "part", "of", "the", "spirits", "business", ",", "a", "spokesman", "said", ".", "Analysts", "expect", "the", "spirits", "operations", "and", "some", "California", "vineyards", "that", "also", "are", "being", "sold", "to", "fetch", "about", "#", "500", "million", "(", "$", "788.8", "million", ")", ".", "Among", "the", "brands", "for", "sale", "are", "Beefeater", "gin", ",", "the", "No.", "2", "imported", "gin", "in", "the", "U.S.", ",", "and", "Laphroaig", "single-malt", "whiskey", ".", "Also", "for", "sale", "are", "Buckingham", "Wile", "Co.", ",", "which", "distributes", "Cutty", "Sark", "blended", "whiskey", "in", "the", "U.S.", ",", "and", "Whitbread", "'s", "Atlas", "Peak", "Vineyards", "in", "California", "'s", "Napa", "Valley", ".", "Beefeater", "alone", "is", "worth", "as", "much", "as", "#", "300", "million", ",", "analysts", "said", ".", "Whitbread", "bought", "the", "Beefeater", "distillery", "two", "years", "ago", "for", "#", "174.5", "million", ".", "That", "purchase", "represented", "an", "attempt", "by", "Whitbread", ",", "a", "venerable", "British", "brewer", ",", "to", "become", "a", "major", "player", "in", "the", "global", "liquor", "business", ".", "But", "Whitbread", "has", "been", "squeezed", "by", "giant", "rivals", "amid", "widespread", "consolidation", "in", "the", "industry", ".", "Now", ",", "it", "wants", "to", "concentrate", "on", "beer", "and", "its", "newer", "hotel", "and", "restaurant", "operations", ".", "For", "rival", "liquor", "companies", ",", "the", "Whitbread", "auction", "is", "a", "rare", "opportunity", "to", "acquire", "valuable", "brands", ".", "``", "It", "'s", "not", "very", "often", "something", "like", "this", "comes", "up", ",", "''", "said", "Ron", "Littleboy", ",", "a", "liquor", "company", "analyst", "at", "Nomura", "Research", "Institute", "in", "London", ".", "``", "The", "division", "will", "be", "sold", "off", "quite", "rapidly", ",", "''", "predicted", "Neill", "Junor", ",", "an", "analyst", "at", "London", "brokers", "County", "NatWest", "WoodMac", ".", "Among", "possible", "buyers", ",", "Grand", "Metropolitan", "PLC", "might", "find", "Beefeater", "a", "useful", "addition", "to", "its", "portfolio", ".", "Grand", "Met", "owns", "Bombay", "gin", ",", "the", "No.", "3", "imported", "gin", "in", "the", "U.S.", ";", "rival", "Guinness", "PLC", "has", "the", "No.", "1", "imported", "brand", ",", "Tanqueray", ".", "The", "Whitbread", "spirits", "auction", "``", "is", "an", "extremely", "interesting", "development", "...", "and", "naturally", "we", "'ll", "be", "considering", "it", "carefully", ",", "''", "a", "Grand", "Met", "spokesman", "said", ".", "Guinness", ",", "which", "owns", "several", "leading", "whiskey", "brands", "plus", "Gordon", "'s", "gin", ",", "the", "world", "'s", "No.", "1", "gin", ",", "is", "considered", "less", "likely", "to", "bid", "for", "the", "Whitbread", "spirits", ".", "A", "Guinness", "spokesman", "declined", "to", "comment", ".", "Two", "other", "global", "liquor", "giants", ",", "Canada", "'s", "Seagram", "Co.", "and", "Britain", "'s", "Allied-Lyons", "PLC", ",", "also", "are", "possible", "buyers", ".", "Seagram", "'s", "gin", "is", "the", "world", "'s", "No.", "2", "gin", "brand", ",", "but", "the", "company", "does", "n't", "own", "any", "of", "the", "major", "gin", "brands", "imported", "in", "the", "U.S.", ".", "Allied-Lyons", ",", "while", "powerful", "in", "whiskey", ",", "does", "n't", "own", "any", "major", "white-spirit", "brands", ".", "``", "We", "will", "certainly", "have", "to", "take", "a", "look", "at", "''", "the", "Whitbread", "spirits", "business", ",", "an", "Allied-Lyons", "spokesman", "said", ".", "``", "We", "would", "certainly", "like", "to", "have", "a", "major", "white-spirits", "brand", "in", "our", "portfolio", ".", "''", "A", "Seagram", "spokesman", "in", "New", "York", "would", "n't", "comment", ".", "Smaller", "liquor", "companies", ",", "such", "as", "Brown-Forman", "Corp.", "and", "American", "Brands", "Inc.", "of", "the", "U.S.", ",", "also", "are", "likely", "to", "be", "interested", ".", "Such", "companies", "``", "are", "increasingly", "being", "left", "behind", "''", "in", "the", "global", "liquor", "business", ",", "says", "Nomura", "'s", "Mr.", "Littleboy", ".", "In", "New", "York", ",", "a", "spokesman", "for", "American", "Brands", "would", "n't", "comment", ".", "Brown-Forman", ",", "a", "Louisville", ",", "Ky.", "distiller", ",", "also", "declined", "to", "comment", ".", "Whitbread", "'s", "wine", ",", "spirits", "and", "soft-drink", "operations", "had", "trading", "profit", "of", "#", "35.4", "million", "on", "sales", "of", "#", "315.5", "million", "in", "the", "year", "ended", "Feb.", "25", ".", "The", "company", ",", "which", "is", "retaining", "most", "of", "its", "wine", "and", "all", "of", "its", "soft-drink", "interests", ",", "did", "n't", "break", "out", "results", "for", "the", "businesses", "it", "plans", "to", "sell", ".", "But", "analysts", "estimate", "their", "trading", "profit", "at", "#", "30", "million", ".", "Whitbread", "had", "total", "pretax", "profit", "in", "the", "year", "ended", "Feb.", "25", "of", "#", "223.2", "million", ",", "on", "sales", "of", "#", "2.26", "billion", ".", "Whitbread", "'s", "spirits", "auction", "occurs", "amid", "a", "parallel", "shakeup", "in", "the", "British", "beer", "industry", ".", "Earlier", "this", "year", ",", "the", "government", "announced", "plans", "to", "foster", "increased", "competition", "in", "the", "industry", ".", "British", "brewers", "currently", "own", "thousands", "of", "pubs", ",", "which", "in", "turn", "sell", "only", "the", "breweries", "'", "beer", "and", "soft", "drinks", ".", "Under", "new", "rules", ",", "many", "of", "the", "country", "'s", "pubs", "would", "become", "``", "free", "houses", ",", "''", "selling", "beers", "of", "their", "choice", ".", "Whitbread", "now", "intends", "to", "bolster", "its", "brewing", "interests", ",", "in", "an", "effort", "to", "grab", "a", "share", "of", "sales", "to", "free", "houses", ".", "The", "company", ",", "which", "last", "month", "paid", "#", "50.7", "million", "for", "regional", "British", "brewer", "Boddington", "Group", "PLC", ",", "has", "about", "13", "%", "of", "the", "British", "beer", "market", ".", "Whitbread", "also", "owns", "the", "license", "to", "brew", "and", "distribute", "Heineken", "and", "Stella", "Artois", "beers", "in", "Britain", ".", "In", "addition", ",", "Whitbread", "intends", "to", "focus", "on", "its", "newer", "hotel", ",", "liquor", "store", "and", "restaurant", "businesses", "in", "Europe", "and", "North", 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"Brothers", "Inc", ".", "The", "offering", ",", "Series", "105", ",", "is", "backed", "by", "Freddie", "Mac", "9", "1/2", "%", "securities", ".", "Separately", ",", "$", "400", "million", "of", "Freddie", "Mac", "Remic", "mortgage", "securities", "is", "being", "offered", "in", "10", "classes", "by", "Kidder", ",", "Peabody", "&", "Co", ".", "The", "offering", ",", "Series", "106", ",", "is", "backed", "by", "Freddie", "Mac", "9", "1/2", "%", "securities", ".", "According", "to", "available", "details", ",", "yields", "range", "from", "8.70", "%", ",", "a", "spread", "of", "80", "basis", "points", "over", "three-year", "Treasury", "securities", ",", "to", "10.37", "%", ",", "a", "spread", "of", "230", "basis", "points", "over", "20-year", "Treasurys", ".", "The", "offerings", "bring", "Freddie", "Mac", "'s", "1989", "Remic", "issuance", "to", "$", "32.6", "billion", "and", "its", "total", "volume", "to", "$", "46.5", "billion", "since", "the", "program", "began", "in", "February", "1988", ".", "European", "Investment", "Bank", "(", "agency", ")", "--", "200", "billion", "lire", "of", "12", "%", "bonds", "due", "Nov.", "16", ",", "1995", ",", "priced", "at", "101", "3/4", "to", "yield", "12", "%", "less", "full", "fees", ",", "via", "lead", "manager", "Banco", "Commercial", "Italiana", ".", "Fees", "1", "3/4", ".", "IBM", "International", "Finance", "(", "U.S.", "parent", ")", "--", "125", "million", "European", "currency", "units", "of", "9", "1/8", "%", "bonds", "due", "Nov.", "10", ",", "1994", ",", "priced", "at", "101", "5/8", "to", "yield", "9.13", "%", "at", "the", "recommended", "reoffered", "price", "of", "par", ",", "via", "Banque", "Paribas", "Capital", "Markets", ".", "Societe", "Generale", "Australia", "Ltd", ".", "(", "French", "parent", ")", "--", "50", "million", "Australian", "dollars", "of", "17", "%", "bonds", "due", "Nov.", "20", ",", "1991", ",", "priced", "at", "101.90", "to", "yield", "16.59", "less", "fees", ",", "via", "Westpac", "Banking", "Corp", ".", "Guaranteed", "by", "Societe", "Generale", ".", "Fees", "1", "1/4", ".", "Mitsubishi", "Trust", "&", "Banking", "Corp", ".", "(", "Japan", ")", "--", "200", "million", "Swiss", "francs", "of", "privately", "placed", "convertible", "notes", "due", "March", "31", ",", "1994", ",", "with", "a", "fixed", "0.75", "%", "coupon", "at", "par", ",", "via", "Union", "Bank", "of", "Switzerland", ".", "Put", "option", "on", "March", "31", ",", "1992", ",", "at", "a", "fixed", "107", "3/4", "to", "yield", "3.5", "%", ".", "Callable", "from", "March", "31", ",", "1992", ",", "at", "107", "3/4", ",", "declining", "two", "points", "semi-annually", "to", "par", ".", "Each", "50,000", "Swiss", "franc", "note", "is", "convertible", "from", "Nov", ",", "27", ",", "1989", ",", "to", "March", "21", ",", "1994", ",", "at", "a", "premium", "over", "the", "closing", "share", "price", "Oct.", "25", ",", "when", "terms", "are", "scheduled", "to", "be", "fixed", ".", "Also", ",", "the", "company", "issued", "300", "million", "marks", "of", "convertible", "bonds", "with", "an", "indicated", "2", "3/4", "%", "coupon", "due", "March", "31", ",", "1995", ",", "at", "par", ",", "via", "Westdeutsche", "Landesbank", "Girozentrale", "Bank", ".", "Put", "on", "March", "31", ",", "1992", ",", "at", "an", "indicated", "105", "to", "yield", "4.80", "%", ".", "Call", "option", "beginning", "March", "31", ",", "1992", ",", "if", "the", "price", "of", "the", "stock", "rises", "more", "than", "50", "%", "within", "30", "trading", "days", "as", "well", "as", "a", "call", "option", "for", "tax", "reasons", ".", "Each", "1,000", "mark", "and", "10,000", "mark", "bond", "is", "convertible", "from", "Nov.", "27", ",", "1989", ",", "to", "March", "21", ",", "1995", ",", "at", "a", "price", "to", "be", "determined", "when", "terms", "are", "fixed", "Oct.", "25", ".", "Scandinavian", "Airlines", "System", "(", "Sweden", ")", "--", "100", "million", "Swiss", "francs", "of", "6", "1/8", "%", "bonds", "due", "Nov.", "24", ",", "1999", ",", "priced", "at", "100", "3/4", "to", "yield", "6.03", "%", ",", "via", "Union", "Bank", "of", "Switzerland", ".", "Call", "from", "Nov.", "24", ",", "1994", ",", "at", "101", "1/2", ",", "declining", "1/4", "point", "a", "year", ".", "Federal", "Home", "Loan", "Mortgage", "Corp.", "--", "$", "400", "million", "of", "10-year", "debentures", "with", "a", "coupon", "rate", "of", "8.80", "%", ",", "priced", "at", "par", ".", "The", "debentures", ",", "callable", "at", "par", "in", "five", "years", ",", "were", "priced", "at", "a", "yield", "spread", "of", "about", "86", "basis", "points", "above", "the", "Treasury", "10-year", "note", ".", "The", "issue", "is", "being", "sold", "through", "Freddie", "Mac", "'s", "17-member", "securities", "selling", "group", ".", "The", "debentures", "mature", "Oct.", "27", ",", "1999", ".", "The", "debentures", "will", "be", "available", "in", "book-entry", "form", "only", "in", "a", "minimum", "amount", "of", "$", "5,000", "and", "additional", "increments", "of", "$", "5,000", ".", "Interest", "will", "be", "paid", "semi-annually", "." ]
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[ "Federal", "prosecutors", "said", "they", "have", "obtained", "a", "guilty", "plea", "from", "another", "person", "in", "the", "government", "'s", "ongoing", "probe", "of", "illegal", "payments", "in", "the", "record", "industry", ".", "William", "Craig", ",", "an", "independent", "record", "promoter", ",", "pleaded", "guilty", "to", "payola", "and", "criminal", "tax", "charges", ",", "according", "to", "a", "statement", "issued", "by", "Gary", "Feess", ",", "the", "U.S.", "attorney", "here", ".", "Payola", "is", "the", "practice", "of", "making", "illegal", ",", "undisclosed", "payments", "to", "radio", "station", "personnel", "in", "return", "for", "getting", "the", "stations", "to", "play", "certain", "songs", "over", "the", "air", ".", "As", "part", "of", "his", "plea", "agreement", "with", "the", "government", ",", "the", "44-year-old", "Mr.", "Craig", "faces", "a", "maximum", "of", "three", "years", "in", "prison", ".", "In", "return", ",", "Mr.", "Craig", "agreed", "to", "cooperate", "in", "the", "government", "'s", "continuing", "payola", "probe", ",", "says", "a", "spokeswoman", "for", "the", "U.S.", "attorney", "'s", "office", ".", "Mr.", "Craig", "and", "three", "others", "were", "indicted", "last", "year", "as", "part", "of", "that", "payola", "probe", ".", "Two", "other", "defendants", "previously", "pleaded", "guilty", ",", "and", "charges", "against", "the", "third", "were", "dropped", "." ]
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[ "amod", "nsubj", "root", "nsubj", "aux", "ccomp", "det", "amod", "obj", "case", "det", "obl", "case", "det", "nmod:poss", "case", "amod", "obl", "case", "amod", "nmod", "case", "det", "amod", "nmod", "punct", "compound", "nsubj", "punct", "det", "amod", "compound", "appos", "punct", "root", "xcomp", "case", "obl", "cc", "amod", "compound", "conj", "punct", "case", "fixed", "det", "obl", "acl", "case", "compound", "obl", "punct", "det", "compound", "appos", "advmod", "punct", "nsubj", "cop", "det", "root", "mark", "acl", "amod", "punct", "amod", "obj", "case", "compound", "compound", "obl", "case", "obl", "mark", "acl", "det", "obj", "mark", "xcomp", "amod", "obj", "case", "det", "obl", "punct", "case", "obl", "case", "nmod:poss", "compound", "nmod", "case", "det", "nmod", "punct", "det", "amod", "compound", "nsubj", "root", "advmod", "nummod", "advmod", "compound", "obj", "case", "nmod", "punct", "case", "obl", "punct", "compound", "nsubj", "ccomp", "mark", "xcomp", "case", "det", "nmod:poss", "case", "amod", "compound", "obl", "punct", "root", "det", "nsubj", "case", "det", "compound", "nmod:poss", "case", "nmod", "punct", "compound", "nsubj:pass", "cc", "nummod", "conj", "aux:pass", "root", "amod", "obl:tmod", "case", "obl", "case", "det", "compound", "nmod", "punct", "nummod", "amod", "nsubj", "advmod", "root", "xcomp", "punct", "cc", "nsubj:pass", "case", "det", "nmod", "aux:pass", "conj", "punct" ]
[ "Paul", "Ely", ",", "general", "partner", "of", "Alpha", "Partners", ",", "a", "venture-capital", "firm", "based", "in", "Menlo", "Park", ",", "Calif.", ",", "was", "named", "a", "director", "of", "this", "computer", "company", ".", "Mr.", "Ely", ",", "57", "years", "old", ",", "temporarily", "increases", "the", "board", "to", "seven", "members", ".", "However", ",", "director", "Thomas", "O'Rourke", "has", "said", "he", "wo", "n't", "seek", "re-election", "at", "the", "company", "'s", "annual", "meeting", "next", "month", "." ]
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[ "compound", "nsubj:pass", "punct", "amod", "appos", "case", "compound", "nmod", "punct", "det", "amod", "appos", "acl", "case", "compound", "obl", "punct", "appos", "punct", "aux:pass", "root", "det", "xcomp", "case", "det", "compound", "nmod", "punct", "compound", "nsubj", "punct", "nummod", "obl:npmod", "amod", "punct", "advmod", "root", "det", "obj", "case", "nummod", "obl", "punct", "advmod", "punct", "compound", "compound", "nsubj", "aux", "root", "nsubj", "aux", "advmod", "ccomp", "obj", "case", "det", "nmod:poss", "case", "amod", "obl", "amod", "obl:tmod", "punct" ]
[ "The", "government", "issues", "its", "first", "reading", "on", "third-quarter", "real", "gross", "national", "product", "this", "week", "in", "a", "report", "that", "is", "expected", "to", "disclose", "much", "tamer", "inflation", ".", "The", "consensus", "view", "on", "real", "GNP", ",", "the", "total", "value", "of", "the", "nation", "'s", "output", "of", "goods", "and", "services", "adjusted", "for", "inflation", ",", "calls", "for", "a", "2.3", "%", "gain", ",", "down", "from", "the", "second", "quarter", "'s", "2.5", "%", ",", "according", "to", "MMS", "International", ",", "a", "unit", "of", "McGraw-Hill", "Inc.", ",", "New", "York", ".", "But", "inflation", ",", "as", "measured", "by", "the", "GNP", "deflator", "in", "Thursday", "'s", "report", ",", "is", "expected", "to", "rise", "only", "3.5", "%", ",", "down", "from", "4.6", "%", "in", "the", "second", "quarter", ".", "``", "Inflation", "could", "be", "a", "real", "surprise", ",", "''", "said", "Samuel", "D.", "Kahan", ",", "chief", "financial", "economist", "at", "Kleinwort", "Benson", "Government", "Securities", "Inc.", ",", "in", "Chicago", ".", "``", "If", "that", "gets", "people", "excited", ",", "it", "could", "serve", "as", "an", "impetus", "to", "the", "fixed-income", "markets", "to", "lower", "their", "rates", ",", "''", "he", "added", ".", "The", "week", "'s", "other", "notable", "indicators", "include", "mid-October", "auto", "sales", ",", "September", "durable", "goods", "orders", "as", "well", "as", "September", "personal", "income", ",", "personal", "consumption", "and", "the", "saving", "rate", ".", "Most", "are", "expected", "to", "fall", "below", "previous-month", "levels", ".", "Many", "economists", "see", "even", "slower", "GNP", "growth", "for", "the", "remainder", "of", "the", "year", ",", "with", "some", "leaning", "more", "strongly", "toward", "a", "possible", "recession", ".", "In", "addition", "to", "softer", "production", "data", ",", "weaker", "housing", "starts", "and", "lower", "corporate", "profits", "currently", "in", "evidence", ",", "some", "analysts", "believe", "the", "two", "recent", "natural", "disasters", "--", "Hurricane", "Hugo", "and", "the", "San", "Francisco", "earthquake", "--", "will", "carry", "economic", "ramifications", "in", "the", "fourth", "quarter", ".", "The", "recent", "one-day", ",", "190-point", "drop", "in", "the", "Dow", "Jones", "Industrial", "Average", "seems", "to", "be", "significant", "to", "economists", "mainly", "for", "its", "tacit", "comment", "on", "the", "poor", "quality", "of", "third-quarter", "profits", "now", "being", "reported", ".", "``", "The", "stock", "market", "is", "sick", "because", "profits", "are", "crumbling", ",", "''", "says", "Michael", "K.", "Evans", ",", "president", "of", "Evans", "Economics", "Inc.", ",", "Washington", ".", "The", "economy", ",", "he", "noted", ",", "moves", "the", "market", ",", "not", "vice", "versa", ".", "On", "the", "other", "hand", ",", "Mr.", "Evans", "expects", "the", "hurricane", "and", "the", "earthquake", "``", "to", "take", "a", "hunk", "out", "of", "fourth-quarter", "GNP", ".", "''", "His", "estimate", "of", "3.3", "%", "for", "third-quarter", "GNP", "is", "higher", "than", "the", "consensus", "largely", "because", "he", "believes", "current", "inventories", "are", "n't", "as", "low", "as", "official", "figures", "indicate", ".", "Demand", ",", "he", "believes", ",", "is", "being", "met", "from", "overhang", "rather", "than", "new", "production", ".", "By", "and", "large", ",", "economists", "believe", "the", "two", "natural", "catastrophes", "will", "limit", "economic", "damage", "to", "their", "regions", ".", "Edward", "J.", "Campbell", ",", "economist", "at", "Brown", "Brothers", "Harriman", "&", "Co.", ",", "New", "York", ",", "noted", "that", "large", "increases", "in", "construction", "activity", "along", "with", "government", "and", "private", "relief", "efforts", "could", "offset", "loss", "of", "production", "in", "those", "areas", ".", "Gary", "Ciminero", ",", "economist", "at", "Fleet/Norstar", "Financial", "Group", ",", "Providence", ",", "R.I.", ",", "expects", "the", "deflator", "to", "rise", "3.7", "%", ",", "well", "below", "the", "second", "quarter", "'s", "4.6", "%", ",", "partly", "because", "of", "what", "he", "believes", "will", "be", "temporarily", "better", "price", "behavior", ".", "He", "expects", "real", "GNP", "growth", "of", "only", "2.1", "%", "for", "the", "quarter", ",", "noting", "a", "wider", "trade", "deficit", ",", "slower", "capital", "and", "government", "spending", "and", "the", "lower", "inventory", "figures", ".", "Sung", "Won", "Sohn", ",", "chief", "economist", "at", "Norwest", "Corp.", ",", "Minneapolis", ",", "holds", "that", "the", "recent", "stock-market", "volatility", "``", "increases", "the", "possibility", "of", "economic", "recession", "and", "reinforces", "the", "bad", "news", "''", "from", "recent", "trade", "deficit", ",", "employment", "and", "housing", "reports", ".", "The", "consensus", "calls", "for", "a", "0.5", "%", "increase", "in", "September", "personal", "income", "and", "a", "0.3", "%", "gain", "in", "consumption", ".", "In", "August", ",", "personal", "income", "rose", "0.4", "%", "and", "personal", "consumption", "increased", "0.9", "%", ".", "Charles", "Lieberman", ",", "managing", "director", "of", "financial", "markets", "reasearch", "at", "Manufacturers", "Hanover", "Securities", "Corp.", ",", "New", "York", ",", "said", "Hurrican", "Hugo", "shaved", "0.1", "%", "to", "0.2", "%", "from", "personal-income", "growth", ",", "because", "of", "greatly", "diminished", "rental", "income", "from", "tourism", ".", "Durable", "goods", "orders", "for", "September", ",", "due", "out", "tomorrow", ",", "are", "expected", "to", "show", "a", "slip", "of", "1", "%", ",", "compared", "with", "August", "'s", "3.9", "%", "increase", ".", "As", "usual", ",", "estimates", "on", "the", "fickle", "report", "are", "wide", ",", "running", "from", "a", "drop", "of", "3.5", "%", "to", "a", "gain", "of", "1.6", "%", "." ]
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[ "Big", "gains", "for", "the", "ultra-right", "Republicans", "party", "in", "Baden-Wuerttemburg", "state", "municipal", "elections", "Sunday", "showed", "eroding", "support", "for", "Chancellor", "Helmut", "Kohl", "in", "a", "traditional", "bastion", "for", "his", "Christian", "Democratic", "Union", ".", "With", "ballots", "from", "most", "of", "the", "state", "'s", "major", "cities", "in", "by", "yesterday", "morning", ",", "the", "Republicans", "came", "away", "with", "10", "%", "of", "the", "vote", "in", "several", "of", "the", "key", "districts", ".", "With", "many", "rural", "districts", "yet", "to", "report", "ballots", ",", "election", "officials", "estimate", "support", "for", "Christian", "Democrats", "fell", "an", "average", "five", "percentage", "points", "statewide", ".", "The", "left-of-center", "Social", "Democrats", "and", "the", "environmental", "Greens", "party", "posted", "mixed", "results", ".", "Headed", "by", "a", "former", "Waffen", "SS", "sergeant", "and", "working", "from", "a", "nationalistic", "platform", "of", "anti-foreigner", "rhetoric", ",", "the", "fledgling", "Republicans", "party", "has", "scored", "surprising", "gains", "in", "earlier", "elections", "in", "the", "states", "of", "West", "Berlin", ",", "Hesse", "and", "North-Rhine", "Westphalia", ".", "With", "West", "German", "unemployment", "remaining", "high", "at", "two", "million", "jobless", "and", "the", "lack", "of", "affordable", "housing", "becoming", "a", "primary", "issue", "for", "next", "year", "'s", "campaign", ",", "the", "Republicans", "are", "seen", "drawing", "support", "for", "their", "``", "Germans", "First", "''", "stand", "on", "social-welfare", "issues", ".", "Election", "analysts", "acknowledge", "that", "a", "``", "Red-Green", "''", "coalition", "of", "Social", "Democrats", "and", "Greens", "could", "edge", "out", "Chancellor", "Kohl", "'s", "coalition", "in", "the", "December", "1990", "national", "election", "if", "support", "for", "the", "Republicans", "continues", "to", "spread", ".", "International", "investigators", "urged", "Britain", "to", "allow", "prosecution", "of", "suspected", "Nazi", "war", "criminals", "who", "took", "refuge", "there", "after", "1945", ".", "Under", "current", "law", ",", "such", "suspects", "are", "immune", "from", "prosecution", "for", "acts", "committed", "while", "not", "British", "citizens", ".", "``", "If", "we", "'re", "not", "careful", "we", "could", "become", "known", "as", "a", "haven", "for", "war", "criminals", ",", "''", "said", "Jeff", "Rooker", ",", "a", "member", "of", "Parliament", "and", "one", "of", "several", "British", "politicians", "attending", "a", "London", "conference", "with", "government", "investigators", "from", "the", "U.S.", ",", "Canada", "and", "Australia", ".", "A", "parliamentary", "inquiry", "found", "in", "July", "that", "more", "than", "70", "people", "living", "in", "Britain", "could", "have", "been", "part", "of", "death", "squads", "that", "roamed", "Nazi-occupied", "Eastern", "Europe", ".", "Parliament", "is", "expected", "to", "discuss", "next", "month", "whether", "to", "change", "the", "law", ".", "British", "investigations", "were", "prompted", "by", "a", "list", "of", "17", "alleged", "war", "criminals", "living", "in", "Britain", "sent", "to", "Prime", "Minister", "Margaret", "Thatcher", "in", "October", "1986", "by", "the", "Simon", "Wiesenthal", "Center", "in", "Los", "Angeles", ".", "In", "a", "sign", "of", "easing", "tension", "between", "Beijing", "and", "Hong", "Kong", ",", "China", "said", "it", "will", "again", "take", "back", "illegal", "immigrants", "caught", "crossing", "into", "the", "British", "colony", ".", "China", "had", "refused", "to", "repatriate", "citizens", "who", "sneaked", "into", "Hong", "Kong", "illegally", "since", "early", "this", "month", ",", "when", "the", "colony", "allowed", "a", "dissident", "Chinese", "swimmer", "to", "flee", "to", "the", "U.S.", ".", "About", "1,100", "Chinese", "were", "awaiting", "repatriation", "yesterday", ".", "Italy", "'s", "Foreign", "Ministry", "said", "it", "is", "investigating", "exports", "to", "the", "Soviet", "Union", "by", "an", "Ing", ".", "C.", "Olivetti", "&", "Co.", "subsidiary", "called", "OCN-PPL", "that", "makes", "numerically", "controlled", "machine", "tools", ".", "Although", "Italy", "'s", "investigation", "of", "whether", "Olivetti", "had", "violated", "Western", "export-control", "rules", "had", "previously", "been", "made", "known", ",", "this", "marked", "the", "first", "time", "the", "unit", "and", "product", "were", "named", ".", "The", "U.S.", "is", "worried", "about", "the", "convertibility", "of", "Olivetti", "'s", "machine", "tools", "to", "military", "use", ".", "However", ",", "an", "Olivetti", "spokeswoman", "said", "OCN-PPL", ",", "of", "which", "Olivetti", "sold", "the", "majority", "interest", "last", "year", ",", "``", "does", "n't", "make", "equipment", "that", "has", "the", "type", "of", "precision", "necessary", "for", "sophisticated", "productions", ".", "''", "Conservationists", "say", "that", "drift-net", "fishing", "threatens", "to", "wipe", "out", "much", "of", "the", "world", "'s", "tuna", "stocks", "in", "a", "few", "years", ".", "But", "the", "Japanese", "Fisheries", "Association", "criticized", "moves", "to", "ban", "the", "practice", "in", "international", "waters", ".", "``", "It", "is", "really", "unfortunate", "for", "human", "beings", "to", "be", "swayed", "by", "emotional", "discussions", ",", "''", "the", "association", "said", ".", "In", "driftnet", ",", "or", "``", "wall", "of", "death", ",", "''", "fishing", ",", "fleets", "lay", "nets", "up", "to", "three", "miles", "long", "that", "trap", "almost", "everything", "in", "their", "path", ".", "Earlier", "this", "year", ",", "Japan", "said", "it", "would", "cut", "the", "number", "of", "its", "drift-net", "vessels", "in", "the", "South", "Pacific", "by", "two-thirds", ",", "or", "down", "to", "20", ".", "Workers", "at", "Peugeot", "S.A.", "'s", "car", "plant", "at", "Sochaux", ",", "in", "eastern", "France", ",", "voted", "to", "end", "a", "six-week-old", "strike", "that", "has", "cost", "the", "Peugeot", "group", "production", "of", "60,000", "automobiles", ",", "a", "company", "spokesman", "said", ".", "The", "strikers", "voted", "to", "accept", "a", "series", "of", "management", "proposals", "that", "will", "give", "them", "a", "higher", "basic", "wage", ",", "better", "profit-sharing", "benefits", "and", "bigger", "annual", "bonuses", ".", "The", "spokesman", "said", "the", "vote", "at", "Sochaux", "is", "expected", "to", "be", "followed", "by", "a", "similar", "move", "at", "the", "company", "'s", "assembly", "plant", "at", "Mulhouse", ",", "where", "the", "number", "of", "strikers", "has", "been", "whittled", "down", "to", "80", ".", "About", "8,000", "National", "Union", "of", "Mineworkers", "members", "resumed", "their", "strike", "against", "De", "Beers", "Consolidated", "Mines", "Ltd.", "after", "further", "negotiations", "to", "settle", "a", "wage", "dispute", "broke", "down", ".", "Striking", "workers", ",", "who", "began", "striking", "five", "diamond", "mines", "on", "Oct.", "13", ",", "had", "returned", "to", "work", "last", "week", "when", "the", "union", "and", "De", "Beers", "arranged", "to", "reopen", "negotiations", ".", "A", "De", "Beers", "spokesman", "said", "yesterday", "the", "company", "had", "offered", "to", "increase", "the", "minimum", "wage", "by", "18", "%", ",", "while", "the", "union", "was", "demanding", "26.6", "%", ".", "Before", "the", "two", "parties", "resumed", "talks", "last", "week", ",", "De", "Beers", "offered", "17", "%", "and", "the", "union", "wanted", "37.6", "%", ".", "China", "'s", "People", "'s", "Daily", "took", "note", "of", "the", "growing", "problem", "of", "computer", "fraud", ".", "Since", "the", "first", "fraud", "was", "discovered", "in", "July", "1986", "at", "an", "office", "of", "the", "People", "'s", "Bank", "of", "China", "in", "Shenzhen", ",", "15", "major", "cases", "have", "been", "found", ",", "the", "paper", "said", ";", "the", "biggest", "was", "the", "theft", "of", "$", "235,000", "from", "a", "bank", "in", "Chengdu", "in", "March", "1988", ".", "The", "number", "of", "computers", "has", "mushroomed", "in", "recent", "years", ",", "with", "10,000", "in", "use", ",", "as", "well", "as", "30,000", "miniature", "models", ".", "But", "security", "systems", ",", "effective", "management", "controls", "and", "regulations", "to", "govern", "their", "use", "have", "not", "kept", "pace", ",", "the", "People", "'s", "Daily", "said", ".", "Besides", "money", ",", "criminals", "have", "also", "used", "computers", "to", "steal", "secrets", "and", "intelligence", ",", "the", "newspaper", "said", ",", "but", "it", "gave", "no", "more", "details", ".", "Japanese", "tourists", "will", "be", "told", "to", "take", "care", "when", "photographing", "earthquake", "damage", "in", "San", "Francisco", ",", "the", "Japan", "Association", "of", "Travel", "Agents", "said", ".", "The", "association", "issued", "an", "advisory", "to", "its", "1,685", "member", "agencies", "following", "a", "report", "from", "the", "Foreign", "Ministry", "that", "picture-taking", "by", "Japanese", "tourists", "in", "earthquake-stricken", "areas", "was", "causing", "ill", "feeling", "among", "local", "residents", "...", ".", "Tass", "said", "Lenin", "'s", "tomb", "in", "Red", "Square", "will", "be", "closed", "from", "Nov.", "10", "to", "Jan.", "15", "for", "essential", "maintenance", ".", "The", "red", "granite", "mausoleum", "draws", "thousands", "of", "visitors", "daily", "." ]
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"obl:tmod", "punct", "root", "det", "amod", "nummod", "obj", "punct" ]
[ "Honeywell", "Inc.", "and", "International", "Business", "Machines", "Corp.", "received", "Air", "Force", "contracts", "to", "develop", "integrated", "circuits", "for", "use", "in", "space", ".", "Honeywell", "'s", "contract", "totaled", "$", "69.7", "million", ",", "and", "IBM", "'s", "$", "68.8", "million", ".", "Boeing", "Co.", "received", "a", "$", "46.7", "million", "Air", "Force", "contract", "for", "developing", "cable", "systems", "for", "the", "Minuteman", "Missile", ".", "General", "Dynamics", "Corp.", "received", "a", "$", "29", "million", "Air", "Force", "contract", "for", "electronic-warfare", "training", "sets", ".", "Grumman", "Corp.", "received", "an", "$", "18.1", "million", "Navy", "contract", "to", "upgrade", "aircraft", "electronics", ".", "Avco", "Corp.", "received", "an", "$", "11.8", "million", "Army", "contract", "for", "helicopter", "engines", "." ]
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[ "compound", "nsubj", "cc", "compound", "compound", "compound", "conj", "root", "compound", "compound", "obj", "mark", "acl", "amod", "obj", "case", "nmod", "case", "nmod", "punct", "nmod:poss", "case", "nsubj", "root", "obj", "compound", "nummod", "punct", "cc", "conj", "case", "orphan", "compound", "nummod", "punct", "compound", "nsubj", "root", "det", "amod", "compound", "nummod", "compound", "compound", "obj", "mark", "acl", "compound", "obj", "case", "det", "compound", "nmod", "punct", "compound", "compound", "nsubj", "root", "det", "amod", "compound", "nummod", "compound", "compound", "obj", "case", "compound", "compound", "nmod", "punct", "compound", "nsubj", "root", "det", "amod", "compound", "nummod", "compound", "obj", "mark", "acl", "compound", "obj", "punct", "compound", "nsubj", "root", "det", "amod", "compound", "nummod", "compound", "obj", "case", "compound", "nmod", "punct" ]
[ "Bank", "of", "New", "England", "Corp.", "said", "it", "has", "held", "talks", "with", "potential", "merger", "partners", "outside", "New", "England", ",", "although", "it", "added", "that", "nothing", "is", "imminent", "and", "it", "has", "n't", "received", "any", "formal", "offers", ".", "The", "discussions", "were", "disclosed", "as", "the", "bank", "holding", "company", "said", "that", "it", "has", "dropped", "its", "longstanding", "opposition", "to", "full", "interstate", "banking", "bills", "in", "Connecticut", "and", "in", "Massachusetts", ".", "Later", "yesterday", ",", "a", "Massachusetts", "senate", "committee", "approved", "a", "bill", "to", "allow", "national", "interstate", "banking", "by", "banks", "in", "the", "state", "beginning", "in", "1991", ".", "Currently", ",", "both", "Massachusetts", "and", "Connecticut", ",", "where", "most", "of", "Bank", "of", "New", "England", "'s", "operations", "are", ",", "allow", "interstate", "banking", "only", "within", "New", "England", ".", "Richard", "Driscoll", ",", "vice", "chairman", "of", "Bank", "of", "New", "England", ",", "told", "the", "Dow", "Jones", "Professional", "Investor", "Report", ",", "``", "Certainly", ",", "there", "are", "those", "outside", "the", "region", "who", "think", "of", "us", "prospectively", "as", "a", "good", "partner", ".", "We", "have", ",", "and", "I", "'m", "sure", "others", "have", ",", "considered", "what", "our", "options", "are", ",", "and", "we", "'ve", "had", "conversations", "with", "people", "who", "in", "the", "future", "might", "prove", "to", "be", "interesting", "partners", ".", "''", "He", "added", ",", "``", "There", "'s", "nothing", "very", "hot", ".", "''", "Mr.", "Driscoll", "did", "n't", "elaborate", "about", "who", "the", "potential", "partners", "were", "or", "when", "the", "talks", "were", "held", ".", "A", "bank", "spokeswoman", "also", "declined", "to", "comment", "on", "any", "merger-related", "matters", ",", "but", "said", "the", "company", "decided", "to", "drop", "its", "opposition", "to", "the", "interstate", "banking", "legislation", "because", "``", "prevailing", "sentiment", "is", "in", "favor", "of", "passage", ".", "''", "Bank", "of", "New", "England", "has", "been", "hit", "hard", "by", "the", "region", "'s", "real-estate", "slump", ",", "with", "its", "net", "income", "declining", "42", "%", "to", "$", "121.6", "million", ",", "or", "61", "cents", "a", "share", ",", "in", "the", "first", "nine", "months", "of", "1989", "from", "the", "year-earlier", "period", ".", "The", "company", "recently", "said", "it", "would", "sell", "some", "operations", "and", "lay", "off", "4", "%", "of", "its", "work", "force", ",", "altogether", "reducing", "employment", "to", "less", "than", "16,000", "from", "about", "18,000", ".", "It", "recently", "signed", "a", "preliminary", "agreement", "to", "negotiate", "exclusively", "with", "the", "Bank", "of", "Tokyo", "Ltd.", "for", "the", "sale", "of", "part", "of", "its", "leasing", "business", "to", "the", "Japanese", "bank", "." ]
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[ "McCormick", "Capital", "Inc.", "said", "the", "final", "proration", "factor", "was", "0.628394", "on", "its", "oversubscribed", ",", "$", "3-a-share", "tender", "offer", "to", "buy", "back", "as", "many", "as", "1.1", "million", "of", "its", "common", "shares", ".", "Payment", "will", "begin", "``", "as", "soon", "as", "Oct.", "25", ",", "''", "the", "company", "said", ".", "McCormick", "is", "a", "developer", "and", "manager", "of", "futures-investment", "limited", "partnerships", ".", "Through", "a", "separate", "agreement", "between", "Peter", "Dauchy", ",", "president", ",", "and", "a", "group", "of", "selling", "shareholders", ",", "the", "company", "said", ",", "Mr.", "Dauchy", "will", "on", "Oct.", "30", "buy", "231,405", "shares", "from", "the", "group", ",", "boosting", "his", "stake", "to", "about", "717,000", "shares", ",", "or", "50.7", "%", "of", "the", "total", "after", "the", "buy-back", "." ]
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[ "compound", "compound", "nsubj", "root", "det", "amod", "amod", "nsubj", "cop", "ccomp", "case", "nmod:poss", "amod", "punct", "amod", "dep", "compound", "nmod", "mark", "acl", "advmod", "advmod", "advmod", "advmod", "compound", "obj", "case", "nmod:poss", "amod", "nmod", "punct", "nsubj", "aux", "dep", "punct", "advmod", "advmod", "case", "obl", "nummod", "punct", "punct", "det", "nsubj", "root", "punct", "nsubj", "cop", "det", "root", "cc", "conj", "case", "amod", "amod", "nmod", "punct", "case", "det", "amod", "obl", "case", "compound", "nmod", "punct", "appos", "punct", "cc", "det", "conj", "case", "amod", "nmod", "punct", "det", "nsubj", "parataxis", "punct", "compound", "nsubj", "aux", "case", "obl", "nummod", "root", "nummod", "obj", "case", "det", "obl", "punct", "advcl", "nmod:poss", "obj", "case", "advmod", "nummod", "obl", "punct", "cc", "nummod", "conj", "case", "det", "nmod", "case", "det", "nmod", "punct" ]
[ "NRM", "Energy", "Co.", "said", "it", "filed", "materials", "with", "the", "Securities", "and", "Exchange", "Commission", "calling", "for", "it", "to", "restructure", "into", "a", "corporation", "from", "a", "limited", "partnership", ".", "The", "partnership", "said", "it", "is", "proposing", "the", "change", "largely", "because", "the", "provisions", "of", "its", "senior", "notes", "restrict", "it", "from", "making", "distributions", "on", "its", "units", "outstanding", ".", "NRM", "suspended", "its", "common", "distribution", "in", "June", "1988", "and", "the", "distribution", "on", "its", "$", "2", "cumulative", "convertible", "acquisition", "preferred", "units", "in", "September", ".", "However", ",", "unpaid", "distributions", "on", "the", "acquisition", "preferred", "are", "cumulative", "and", "would", "total", "$", "23", "million", "a", "year", ",", "hurting", "NRM", "'s", "financial", "flexibility", "and", "its", "ability", "to", "raise", "capital", ",", "NRM", "said", ".", "In", "following", "several", "other", "oil", "and", "gas", "partnerships", "that", "have", "made", "the", "conversion", "to", "a", "corporation", "in", "the", "last", "year", ",", "NRM", "also", "noted", "that", "tax", "advantages", "for", "partnerships", "have", "diminished", "under", "new", "tax", "laws", "and", "said", "it", "would", "save", "$", "2", "million", "a", "year", "in", "administrative", "costs", "from", "the", "change", ".", "Under", "the", "plan", ",", "NRM", "said", "holders", "of", "its", "common", "units", "will", "receive", "one", "share", "of", "new", "common", "stock", "in", "Edisto", "Resources", "Corp.", "for", "every", "14.97", "common", "units", "owned", ".", "Holders", "of", "NRM", "'s", "$", "2", "cumulative", "convertible", "acquisition", "preferred", "units", "will", "receive", "one", "new", "common", "share", "in", "Edisto", "for", "every", "1.342", "units", "they", "own", ".", "After", "the", "transaction", ",", "current", "common", "unitholders", "will", "own", "about", "21.3", "%", "of", "Edisto", ",", "current", "acquisition", "preferred", "holders", "will", "own", "72.3", "%", ",", "and", "current", "stockholders", "of", "Edisto", "will", "own", "about", "6.4", "%", ",", "about", "the", "same", "stake", "as", "Edisto", "owns", "now", "in", "NRM", ".", "Edisto", "currently", "is", "the", "general", "partner", "of", "NRM", ".", "As", "the", "largest", "holder", "of", "acquisition", "preferred", "units", ",", "Mesa", "Limited", "Partnership", "would", "own", "about", "28", "%", "of", "Edisto", "after", "the", "transaction", ".", "As", "part", "of", "the", "transaction", ",", "Edisto", "agreed", "to", "give", "Mesa", ",", "an", "Amarillo", ",", "Texas", ",", "oil", "and", "gas", "partnership", "managed", "by", "T.", "Boone", "Pickens", "Jr.", ",", "a", "seat", "on", "its", "board", ".", "NRM", "said", "its", "$", "2.60", "senior", "cumulative", "convertible", "preferred", "units", "will", "be", "converted", "into", "an", "equal", "number", "of", "shares", "of", "$", "2.60", "senior", "cumulative", "convertible", "preferred", "stock", "of", "Edisto", ".", "The", "transaction", "is", "subject", "to", "approval", "of", "NRM", "unitholders", "of", "record", "on", "Oct.", "23", ",", "among", "other", "conditions", ".", "NRM", "said", "it", "expects", "unitholders", "to", "vote", "on", "the", "restructuring", "at", "a", "meeting", "Dec.", "15", "." ]
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[ "The", "following", "issues", "were", "recently", "filed", "with", "the", "Securities", "and", "Exchange", "Commission", ":", "Intermec", "Corp.", ",", "offering", "of", "1,050,000", "common", "shares", ",", "via", "Goldman", ",", "Sachs", "&", "Co.", "and", "Piper", ",", "Jaffray", "&", "Hopwood", "Inc", ".", "Middlesex", "Water", "Co.", ",", "offering", "of", "150,000", "shares", "of", "common", "stock", ",", "via", "Legg", "Mason", "Wood", "Walker", "Inc.", "and", "Howard", ",", "Weil", ",", "Labouisse", ",", "Friedrichs", "Inc", ".", "Midwesco", "Filter", "Resources", "Inc.", ",", "initial", "offering", "of", "830,000", "common", "shares", ",", "to", "be", "offered", "by", "the", "company", ",", "via", "Chicago", "Corp", ".", "Nylev", "Municipal", "Fund", "Inc.", ",", "offering", "of", "five", "million", "common", "shares", ".", "Occidental", "Petroleum", "Corp.", ",", "shelf", "offering", "of", "$", "1.5", "billion", "in", "senior", "debt", "securities", ".", "Prime", "Motor", "Inns", "Inc.", ",", "offering", "of", "up", "to", "$", "300", "million", "zero", "coupon", "convertible", "debentures", ",", "via", "Drexel", "Burnham", "Lambert", "Inc.", "and", "Montgomery", "Securities", ".", "Service", "Fracturing", "Co.", ",", "proposed", "offering", "of", "1.2", "million", "shares", "of", "common", "stock", ",", "via", "Lovett", "Mitchell", "Webb", "&", "Garrison", ",", "Inc.", ",", "and", "Blunt", "Ellis", "&", "Loewi", "Inc", ".", "Western", "Gas", "Resources", "Inc.", ",", "initial", "offering", "of", "3,250,000", "shares", "of", "common", "stock", ",", "of", "which", "3,040,000", "shares", "will", "be", "sold", "by", "the", "company", "and", "210,000", "shares", "by", "a", "holder", ",", "via", "Prudential-Bache", "Capital", "Funding", ",", "Smith", "Barney", ",", "Harris", "Upham", "&", "Co.", ",", "and", "Hanifen", ",", "Imhoff", "Inc", "." ]
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[ "det", "amod", "nsubj:pass", "aux:pass", "advmod", "root", "case", "det", "compound", "cc", "conj", "obl", "punct", "compound", "root", "punct", "appos", "case", "nummod", "amod", "nmod", "punct", "case", "nmod", "punct", "conj", "cc", "conj", "cc", "compound", "punct", "conj", "cc", "conj", "conj", "punct", "compound", "compound", "root", "punct", "appos", "case", "nummod", "nmod", "case", "amod", "nmod", "punct", "case", "compound", "compound", "compound", "compound", "nmod", "cc", "compound", "punct", "appos", "punct", "appos", "punct", "appos", "conj", "punct", "compound", "compound", "compound", "root", "punct", "amod", "appos", "case", "nummod", "amod", "nmod", "punct", "mark", "aux:pass", "acl", "case", "det", "obl", "punct", "case", "compound", "nmod", "punct", "compound", "compound", "compound", "root", "punct", "appos", "case", "compound", "nummod", "amod", "nmod", "punct", "compound", "compound", "root", "punct", "compound", "appos", "case", "nmod", "compound", "nummod", "case", "amod", "compound", "nmod", "punct", "compound", "compound", "compound", "root", "punct", "appos", "case", "dep", "fixed", "amod", "compound", "nummod", "nummod", "compound", "amod", "nmod", "punct", "case", "compound", "compound", "compound", "nmod", "cc", "compound", "conj", "punct", "compound", "compound", "root", "punct", "amod", "appos", "case", "compound", "nummod", "nmod", "case", "amod", "nmod", "punct", "case", "compound", "compound", "nmod", "cc", "compound", "punct", "conj", "punct", "cc", "compound", "conj", "cc", "compound", "conj", "punct", "compound", "compound", "compound", "root", "punct", "amod", "appos", "case", "nummod", "nmod", "case", "amod", "nmod", "punct", "case", "obl", "nummod", "nsubj:pass", "aux", "aux:pass", "acl:relcl", "case", "det", "obl", "cc", "nummod", "conj", "case", "det", "orphan", "punct", "case", "compound", "compound", "nmod", "punct", "compound", "compound", "punct", "conj", "conj", "cc", "conj", "punct", "cc", "compound", "punct", "appos", "conj", "punct" ]
[ "Business", "and", "civic", "operations", "lurched", "back", "toward", "normalcy", "here", "as", "congressional", "officials", "estimated", "that", "the", "price", "tag", "for", "emergency", "assistance", "to", "earthquake-ravaged", "California", "would", "total", "at", "least", "$", "2.5", "billion", ".", "``", "That", "is", "a", "minimum", "figure", ",", "and", "I", "underscore", "minimum", ",", "''", "said", "House", "Speaker", "Thomas", "Foley", "(", "D.", ",", "Wash", ".", ")", "after", "conferring", "with", "California", "lawmakers", ".", "``", "It", "'s", "impossible", "to", "put", "an", "exact", "figure", "on", "it", "at", "this", "time", ".", "''", "The", "Office", "of", "Management", "and", "Budget", "has", "begun", "looking", "into", "legislation", "to", "provide", "more", "funds", "for", "earthquake", "repairs", ".", "And", "California", "'s", "45-member", "delegation", "in", "the", "House", "is", "expected", "to", "propose", "that", "emergency", "funds", "be", "added", "to", "a", "stop-gap", "spending", "bill", "that", "the", "House", "Appropriations", "Committee", "is", "to", "consider", "Monday", ".", "For", "the", "most", "part", ",", "major", "corporations", "'", "headquarters", "and", "plants", "were", "unaffected", "or", "only", "slightly", "damaged", "by", "Tuesday", "'s", "earthquake", ",", "which", "registered", "6.9", "on", "the", "Richter", "scale", ".", "One", "of", "the", "last", "big", "employers", "in", "the", "Silicon", "Valley", "to", "report", "in", ",", "Seagate", "Technology", ",", "said", "it", "expects", "to", "be", "back", "at", "full", "strength", "Monday", ".", "The", "day", "before", "the", "quake", ",", "Seagate", "completed", "three", "days", "of", "emergency", "training", "and", "drills", ".", "Echoing", "the", "response", "of", "almost", "all", "big", "corporations", "in", "the", "Bay", "Area", ",", "Don", "Waite", ",", "Seagate", "'s", "chief", "financial", "officer", ",", "said", ",", "``", "I", "would", "n't", "expect", "this", "to", "have", "any", "significant", "financial", "impact", ".", "''", "The", "city", "'s", "recovery", "from", "the", "earthquake", "was", "uneven", ".", "Banks", "indicated", "they", "were", "operating", "at", "greater", "than", "90", "%", "of", "their", "usual", "capacity", ",", "but", "a", "Nob", "Hill", "hotel", "said", "tourists", "had", "fled", ",", "leaving", "the", "previously", "full", "hotel", "with", "an", "80", "%", "vacancy", "rate", ".", "City", "crews", "tallied", "the", "wreckage", "to", "buildings", ",", "but", "lacked", "a", "clear", "sense", "of", "how", "gravely", "transportation", "arteries", "were", "disabled", ".", "Among", "the", "city", "'s", "banks", ",", "Bank", "of", "America", "said", "all", "but", "eight", "of", "its", "850", "branches", "were", "open", ".", "The", "closed", "branches", ",", "in", "San", "Francisco", ",", "Hayward", ",", "Santa", "Clara", "and", "Santa", "Cruz", ",", "sustained", "structural", "damage", ".", "Power", "failures", "kept", "just", "seven", "of", "its", "1,500", "automated-teller", "machines", "off-line", ".", "Securities-trading", "operations", "were", "moved", "to", "Bank", "of", "America", "'s", "Concord", "office", ",", "and", "foreign-exchange", "trading", "operations", "were", "shifted", "to", "Los", "Angeles", ",", "the", "bank", "said", ".", "Wells", "Fargo", "&", "Co.", "said", "its", "Emergency", "Operations", "Committee", "--", "which", "met", "all", "night", "Tuesday", "--", "moved", "its", "global-funds", "transfer", "system", "to", "El", "Monte", ",", "Calif.", ",", "500", "miles", "to", "the", "south", ".", "Only", "five", "of", "496", "branches", "statewide", "remain", "closed", ",", "while", "23", "of", "600", "automated-teller", "machines", "remained", "out", "of", "order", ".", "The", "most", "extensive", "damage", "was", "in", "small", "towns", "near", "the", "quake", "'s", "epicenter", ",", "80", "miles", "south", "of", "San", "Francisco", ".", "Santa", "Cruz", "County", "estimates", "total", "damage", "at", "nearly", "$", "600", "million", ".", "Santa", "Clara", "County", "has", "a", "running", "total", "so", "far", "of", "$", "504", "million", ",", "excluding", "the", "hard-hit", "city", "of", "Los", "Gatos", ".", "Oakland", "officials", "were", "still", "uncertain", "about", "the", "magnitude", "of", "structural", "damage", "late", "yesterday", ";", "a", "section", "of", "I-880", ",", "a", "twotiered", "highway", ",", "collapsed", "in", "Oakland", ",", "causing", "a", "majority", "of", "the", "deaths", "resulting", "from", "the", "quake", ".", "San", "Francisco", "Mayor", "Art", "Agnos", "estimated", "that", "damages", "to", "the", "city", "total", "$", "2", "billion", ".", "That", "includes", "dwellings", "in", "the", "ravaged", "Marina", "district", "that", "must", "be", "demolished", ",", "peeled", "business", "facades", "south", "of", "Market", "Street", ",", "and", "houses", "in", "the", "city", "'s", "outer", "Richmond", "district", "that", "were", "heaved", "off", "their", "foundations", ".", "Many", "streets", "and", "sidewalks", "buckled", ",", "and", "subterranean", "water", "mains", "and", "service", "connections", "ruptured", ".", "The", "federal", "funds", "would", "go", "to", "a", "range", "of", "programs", ",", "including", "the", "Federal", "Emergency", "Management", "Agency", ",", "highway", "construction", "accounts", "and", "the", "Small", "Business", "Administration", ",", "according", "to", "Rep.", "Vic", "Fazio", "(", "D.", ",", "Calif", ".", ")", ".", "FEMA", ",", "which", "coordinates", "federal", "disaster", "relief", ",", "is", "already", "strapped", "by", "the", "costs", "of", "cleaning", "up", "after", "Hurricane", "Hugo", ",", "which", "hit", "the", "Carolinas", "last", "month", ".", "It", "is", "likely", "to", "get", "as", "much", "as", "$", "800", "million", "initially", "in", "additional", "funds", ",", "and", "eventually", "could", "get", "more", "than", "$", "1", "billion", ",", "according", "to", "Mr.", "Fazio", ",", "a", "member", "of", "the", "House", "Appropriations", "Committee", ".", "White", "House", "spokesman", "Marlin", "Fitzwater", "said", "there", "is", "enough", "money", "on", "hand", "to", "deal", "with", "immediate", "requirements", ".", "The", "Bush", "administration", "has", "at", "its", "disposal", "$", "273", "million", "in", "funds", "remaining", "from", "the", "$", "1.1", "billion", "Congress", "released", "for", "the", "cleanup", "after", "Hurricane", "Hugo", ".", "``", "We", "feel", "we", "have", "the", "money", "necessary", "to", "handle", "the", "immediate", ",", "short-term", "requirements", ",", "''", "Mr.", "Fitzwater", "said", ".", "He", "added", "that", "the", "Office", "of", "Management", "and", "Budget", ",", "the", "Transportation", "Department", "and", "other", "agencies", "are", "``", "developing", "longer-term", "legislation", "''", "that", "should", "be", "ready", "soon", ".", "Much", "of", "the", "cost", "of", "cleaning", "up", "after", "the", "earthquake", "will", "involve", "repairing", "highways", "and", "bridges", ".", "California", "lawmakers", "are", "seeking", "changes", "in", "rules", "governing", "the", "federal", "highway", "relief", "program", "so", "more", "money", "can", "be", "made", "available", "for", "the", "state", ".", "Some", "things", "ca", "n't", "be", "repaired", ".", "The", "Asian", "Art", "Museum", "in", "Golden", "Gate", "Park", "reports", "$", "10", "million", "to", "$", "15", "million", "in", "damage", ",", "including", "shattered", "porcelains", "and", "stone", "figures", ".", "Its", "neighbor", ",", "the", "De", "Young", "Museum", ",", "totaled", "$", "3", "million", "to", "$", "5", "million", "in", "structural", "damage", "and", "shattered", "sculpture", ".", "The", "city", "'s", "main", "library", "is", "closed", "because", "of", "fissures", "that", "opened", "in", "its", "walls", ",", "and", "marble", "facings", "and", "ornamental", "plaster", "at", "the", "Beaux", "Arts", "City", "Hall", "broke", "off", "in", "the", "temblor", ".", "The", "ground", "along", "the", "Embarcadero", "the", "street", "that", "skirts", "the", "city", "'s", "eastern", "boundary", "and", "piers", "--", "dropped", "six", "inches", "after", "the", "quake", ",", "wreaking", "major", "damage", "to", "at", "least", "one", "of", "the", "piers", ".", "At", "San", "Francisco", "International", "Airport", ",", "shock", "waves", "wrecked", "the", "control", "tower", ",", "knocking", "down", "computers", "and", "shattering", "glass", ".", "Offices", "of", "the", "city", "'s", "Rent", "Board", "were", "destroyed", ".", "Mayor", "Agnos", "'s", "$", "2", "billion", "estimate", "does", "n't", "include", "damage", "to", "freeway", "arteries", "leading", "into", "the", "city", ",", "some", "of", "which", "remained", "closed", ".", "A", "major", "chunk", "of", "the", "$", "2", "billion", "is", "expected", "to", "be", "eaten", "up", "by", "overtime", "for", "city", "workers", "deployed", "in", "the", "emergency", ",", "said", "a", "spokesman", "for", "Mr.", "Agnos", ".", "``", "All", "of", "the", "city", "'s", "$", "5.9", "million", "emergency", "reserve", "was", "spent", "in", "the", "first", "24", "hours", "''", "on", "overtime", "salaries", ",", "he", "said", ".", "Insurers", "struggled", "to", "to", "get", "a", "firm", "grasp", "on", "the", "volume", "of", "claims", "pouring", "into", "their", "offices", ".", "At", "Fireman", "'s", "Fund", "Corp.", ",", "a", "spokesman", "said", "142", "claims", "were", "received", "in", "the", "first", "24", "hours", "after", "the", "quake", ",", "and", "the", "company", "is", "braced", "for", "as", "many", "as", "5,000", "claims", "from", "its", "35,000", "residential", "and", "35,000", "business", "policyholders", "in", "the", "affected", "area", ".", "``", "Claims", "range", "from", "a", "scratched", "fender", "--", "and", "there", "were", "an", "awful", "lot", "of", "cars", "damaged", "in", "this", "--", "to", "a", "major", 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[ "Sales", "of", "North", "American-built", "cars", "and", "trucks", "plunged", "20.5", "%", "in", "mid-October", "from", "a", "year", "earlier", ",", "as", "domestic", "manufacturers", "paid", "the", "price", "for", "heavy", "incentives", "earlier", "this", "year", ".", "``", "People", "are", "waiting", "for", "-LCB-", "new", "-RCB-", "factory", "giveaways", ",", "''", "said", "Ben", "Kaye", ",", "sales", "manager", "of", "Bob", "Brest", "Auto", "World", "in", "Lynn", ",", "Mass.", ",", "whose", "sales", "are", "slow", ".", "This", "trend", "appears", "to", "be", "especially", "true", "at", "General", "Motors", "Corp.", ",", "which", "used", "both", "dealer", "and", "consumer", "incentives", "to", "ignite", "sales", "in", "August", "and", "September", ".", "Since", "then", ",", "deliveries", "have", "slumped", ".", "GM", "'s", "car", "sales", "dropped", "24.8", "%", "in", "mid-October", "to", "69,980", ",", "while", "truck", "sales", "fell", "26", "%", "to", "37,860", ".", "GM", "also", "had", "dismal", "results", "in", "the", "first", "10", "days", "of", "the", "month", ",", "while", "other", "auto", "makers", "reported", "mixed", "results", ".", "All", "of", "the", "Big", "Three", "suffered", "in", "the", "just-ended", "period", ",", "however", ",", "with", "sales", "of", "all", "domestically", "made", "cars", ",", "including", "those", "built", "at", "Japanese-managed", "plants", ",", "falling", "19", "%", "to", "158,863", "from", "a", "year", "earlier", ".", "The", "seasonal", "adjusted", "annual", "selling", "rate", "was", "six", "million", "vehicles", ",", "a", "small", "improvement", "from", "the", "5.8", "million", "rate", "of", "early", "October", ",", "but", "a", "big", "drop", "from", "the", "7.1", "million", "rate", "a", "year", "ago", ".", "Sales", "of", "domestically", "made", "trucks", "also", "continued", "to", "be", "sluggish", "in", "mid-October", ",", "dropping", "22.8", "%", "to", "94,543", "from", "a", "year", "ago", ".", "The", "Big", "Three", "auto", "makers", "already", "have", "slashed", "fourth-quarter", "production", "plans", "10.4", "%", "below", "year-ago", "levels", ",", "but", "that", "may", "not", "be", "enough", "to", "prevent", "inventories", "from", "ballooning", "if", "sales", "do", "n't", "improve", ".", "Industry", "analyst", "John", "H.", "Qualls", ",", "a", "vice", "president", "with", "Hill", "&", "Knowlton", "in", "St.", "Louis", ",", "forecasts", "that", "domestic", "auto", "makers", "will", "have", "a", "93-day", "supply", "of", "cars", "at", "the", "end", "of", "the", "year", ",", "even", "if", "car", "sales", "improve", "to", "a", "6.5", "million", "vehicle", "rate", "for", "the", "quarter", ".", "Ford", "Motor", "Co.", "reported", "a", "21.2", "%", "drop", "in", "sales", "of", "domestic-made", "cars", "to", "46,995", "and", "a", "24.2", "%", "drop", "in", "domestic", "trucks", "to", "31,143", ".", "The", "sales", "are", "being", "dragged", "down", "by", "a", "glut", "of", "1989", "vehicles", ",", "said", "Joel", "Pitcoff", ",", "a", "Ford", "analyst", ".", "The", "earlier", "use", "of", "incentives", "depleted", "the", "market", "of", "``", "scavengers", "''", "for", "bargain-basement", "1989", "cars", ",", "he", "said", ".", "Town", "&", "Country", "Ford", "in", "Charlotte", ",", "N.C.", ",", "still", "needs", "to", "move", "about", "850", "1989", "cars", "and", "trucks", ".", "Business", "had", "been", "fairly", "strong", "until", "Hurricane", "Hugo", "hit", "the", "area", ",", "but", "has", "been", "down", "since", ".", "Chrysler", "Corp.", "also", "hit", "the", "rocks", "in", "mid-October", ".", "The", "No.", "3", "U.S.", "auto", "maker", "had", "a", "23.7", "%", "plunge", "in", "car", "sales", "to", "22,336", "and", "a", "17.5", "%", "drop", "in", "truck", "sales", "to", "22,925", ",", "which", "include", "its", "minivans", "and", "Jeeps", ".", "Honda", "Motor", "Co.", ",", "which", "continues", "to", "have", "short", "supplies", "of", "domestically", "made", "Accords", ",", "saw", "its", "sales", "of", "North", "American-built", "cars", "fall", "14.1", "%", "to", "8,355", ".", "But", "sales", "of", "domestic", "cars", "and", "trucks", "at", "Nissan", "Motor", "Corp.", "rose", "26.1", "%", "to", "5,651", ".", "A", "Nissan", "spokesman", "attributed", "the", "increase", "to", "the", "use", "of", "incentives", "this", "year", "and", "not", "a", "year", "ago", "and", "to", "higher", "fleet", "sales", ".", "Toyota", "Motor", "Corp.", ",", "which", "opened", "a", "plant", "in", "Georgetown", ",", "Ky.", ",", "last", "year", ",", "saw", "sales", "triple", "to", "6,256", "vehicles", ".", "a", "-", "Totals", "include", "only", "vehicle", "sales", "reported", "in", "the", "period", ".", "c", "-", "Domestic", "car", "d", "-", "Percent", "change", "greater", "than", "999", "%", ".", "x", "-", "There", "were", "9", "selling", "days", "in", "the", "most", "recent", "period", "and", "9", "a", "year", "earlier", ".", "Percentage", "differences", "based", "on", "daily", "sales", "rate", "rather", "than", "sales", "volume", "." ]
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"punct", "amod", "dep", "root", "punct", "compound", "dep", "amod", "case", "nummod", "obl", "punct", "expl", "punct", "dep", "cop", "nummod", "compound", "root", "case", "det", "advmod", "amod", "obl", "cc", "conj", "det", "obl:npmod", "orphan", "punct", "compound", "root", "case", "case", "amod", "compound", "nmod", "cc", "fixed", "compound", "conj", "punct" ]
[ "Jayark", "Corp.", "agreed", "to", "pay", "$", "4", "million", "in", "cash", ",", "$", "2", "million", "of", "12", "%", "convertible", "debentures", ",", "and", "1.6", "million", "common", "shares", "to", "acquire", "closely", "held", "Kofcoh", "Imports", "Inc", ".", "In", "over-the-counter", "trading", "Friday", ",", "Jayark", "was", "quoted", "at", "87.5", "cents", "bid", ",", "down", "15.625", "cents", ".", "At", "the", "market", "price", ",", "the", "transaction", "has", "a", "total", "indicated", "value", "of", "$", "7.4", "million", ".", "Kofcoh", "is", "a", "New", "York", "holding", "company", "for", "Rosalco", "Inc.", ",", "which", "imports", "furniture", "and", "other", "items", ".", "David", "L.", "Koffman", ",", "president", "and", "chief", "executive", "officer", "of", "Jayark", ",", "holds", "about", "40", "%", "of", "Kofcoh", ",", "Jayark", "said", ".", "Jayark", ",", "New", "York", ",", "distributes", "and", "rents", "audio-visual", "equipment", "and", "prints", "promotional", "ads", "for", "retailers", ".", "In", "the", "quarter", "ended", "July", "31", ",", "Jayark", "had", "an", "average", "of", "5.6", "million", "shares", "outstanding", ".", "The", "transaction", "is", "subject", "to", "approval", "by", "a", "panel", "of", "disinterested", "directors", ",", "the", "company", "said", ",", "adding", "that", "shareholder", "approval", "is", "n't", "needed", "." ]
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[ "Western", "Digital", "Corp.", "reported", "a", "net", "loss", "of", "$", "2.7", "million", ",", "or", "nine", "cents", "a", "share", ",", "for", "its", "first", "quarter", "ended", "Sept.", "30", ",", "citing", "factors", "as", "varied", "as", "hurricane", "damage", ",", "an", "advance", "in", "graphics", "technology", "and", "the", "strengthening", "dollar", ".", "In", "the", "year-ago", "period", ",", "the", "company", "earned", "$", "12.9", "million", ",", "or", "45", "cents", "a", "share", ",", "on", "sales", "of", "$", "247", "million", ".", "Sales", "for", "the", "just-ended", "period", "fell", "to", "about", "$", "225", "million", ",", "the", "maker", "of", "computer", "parts", "said", ".", "Nonetheless", ",", "Chairman", "Roger", "W.", "Johnson", "said", "he", "expects", "the", "company", "to", "be", "profitable", "in", "the", "current", "quarter", ".", "``", "We", "are", "positioned", "to", "come", "through", ",", "''", "he", "said", ",", "noting", "that", "the", "company", "'s", "backlog", "was", "up", "from", "the", "previous", "quarter", ".", "In", "its", "second", "quarter", "last", "year", ",", "Western", "Digital", "earned", "$", "12.7", "million", ",", "or", "44", "cents", "a", "share", ",", "on", "sales", "of", "$", "258.4", "million", ".", "Mr.", "Johnson", "said", "Western", "Digital", "'s", "plant", "in", "Puerto", "Rico", "was", "affected", "by", "Hurricane", "Hugo", ",", "losing", "three", "days", "'", "production", "because", "of", "the", "storm", ",", "which", "wrecked", "much", "of", "the", "Caribbean", "island", "'s", "infrastructure", ".", "Although", "the", "plant", "itself", "was", "n't", "damaged", ",", "Mr.", "Johnson", "said", "millions", "of", "dollars", "in", "first-quarter", "revenue", "were", "lost", ".", "The", "revenue", "will", "be", "regained", "in", "the", "current", "period", ",", "he", "added", ".", "There", "are", "no", "plans", "to", "initiate", "a", "common", "stock", "dividend", ",", "Mr.", "Johnson", "said", ",", "explaining", "that", "the", "board", "continues", "to", "believe", "shareholders", "are", "best", "served", "by", "reinvesting", "excess", "cash", ".", "Mr.", "Johnson", "said", "the", "first-quarter", "loss", "also", "heavily", "reflected", "a", "rapid", "change", "in", "graphics", "technology", "that", "left", "reseller", "channels", "with", "too", "many", "of", "the", "old", "computer", "graphics", "boards", "and", "too", "few", "new", "monitors", "compatible", "with", "the", "new", "graphics", "boards", ".", "Western", "Digital", "does", "n't", "make", "the", "monitors", ".", "An", "accelerating", "move", "by", "personal", "computer", "manufacturers", "'", "to", "include", "advanced", "graphics", "capabilities", "as", "standard", "equipment", "further", "dampened", "reseller", "purchases", "of", "Western", "Digital", "'s", "equipment", ".", "``", "The", "other", "areas", "of", "the", "business", "--", "storage", "and", "microcomputers", "--", "were", "very", "good", ",", "''", "Mr.", "Johnson", "said", ".", "He", "said", "Western", "Digital", "has", "reacted", "swiftly", "to", "the", "movement", "to", "video", "graphics", "array", ",", "VGA", ",", "graphics", "technology", "from", "the", "old", "enhanced", "graphics", "adapter", ",", "EGA", ",", "which", "has", "a", "lower", "resolution", "standard", ",", "technology", "and", "now", "is", "one", "of", "the", "leading", "producers", "of", "these", "newer", "units", ".", "Other", "makers", "of", "video", "controller", "equipment", "also", "were", "caught", "in", "the", "EGA-VGA", "shift", ",", "he", "said", ",", "``", "but", "we", "were", "able", "to", "respond", "much", "more", "quickly", ".", "''", "Still", ",", "Mr.", "Johnson", "said", ",", "``", "our", "stock", "is", "grossly", "undervalued", ".", "''", "He", "said", "the", "company", "has", "cut", "operating", "expenses", "by", "about", "10", "%", "over", "the", "last", "few", "quarters", ",", "while", "maintaining", "research", "and", "development", "at", "about", "8", "%", "to", "9", "%", "of", "sales", ".", "As", "part", "of", "its", "reorganization", "this", "week", ",", "Western", "Digital", "has", "divided", "its", "business", "into", "two", "segments", "--", "storage", "products", ",", "including", "controllers", "and", "disk", "drives", ";", "and", "microcomputer", "products", ",", "which", "include", "graphics", ",", "communications", "and", "peripheral", "control", "chips", ".", "Graphics", ",", "communications", "and", "peripheral", "control", "chips", "were", "combined", "because", ",", "increasingly", ",", "multiple", "functions", "are", "being", "governed", "by", "a", "single", "chip", ".", "Storage", ",", "which", "includes", "computer", "controllers", "and", "3.5-inch", "disk", "drives", ",", "represents", "nearly", "two-thirds", "of", "the", "company", "'s", "business", ".", "Disk", "drives", ",", "which", "allow", "a", "computer", "to", "access", "its", "memory", ",", "generated", "38", "%", "more", "revenue", "in", "the", "most", "recent", "period", "compared", "with", "the", "fiscal", "first", "quarter", "a", "year", "earlier", ".", "Computer", "parts", "are", "getting", "ever", "smaller", ",", "Mr.", "Johnson", "said", ",", "a", "shrinking", "that", "has", "propelled", "laptops", "into", "position", "as", "the", "fastest-growing", "segment", "of", "the", "computer", "business", ".", "As", "smaller", "and", "more", "powerful", "computers", "continue", "to", "be", "the", "focus", "of", "the", "industry", ",", "he", "said", ",", "Western", "Digital", "is", "strengthening", "development", "of", "laptop", "parts", ".", "Next", "year", "Western", "Digital", "plans", "to", "consolidate", "its", "operations", "from", "11", "buildings", "in", "Irvine", "into", "two", "buildings", "in", "the", "same", "city", "a", "new", "headquarters", "and", ",", "a", "block", "away", ",", "a", "modern", "$", "100", "million", "silicon", "wafer", "fabrication", "plant", ".", "The", "plan", "will", "help", "the", "company", "in", "its", "existing", "joint", "manufacturing", "agreement", "with", "AT&T", ".", "About", "half", "of", "Western", "Digital", "'s", "business", "is", "overseas", ",", "and", "Mr.", "Johnson", "expects", "that", "proportion", "to", "continue", ".", "Plans", "to", "dissolve", "many", "of", "the", "trade", "barriers", "within", "Europe", "in", "1992", "creates", "significant", "opportunities", "for", "the", "company", ",", "he", "said", ",", "particularly", "since", "Western", "Digital", "already", "manufactures", "there", ".", "Capitalizing", "on", "that", "presence", ",", "Western", "Digital", "is", "launching", "a", "major", "effort", "to", "develop", "the", "embryonic", "reseller", "market", "in", "Europe", "." ]
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[ "Tuesday", "'s", "earthquake", "will", "depress", "local", "real-estate", "values", "in", "the", "short", "term", "and", "force", "companies", "to", "reconsider", "expanding", "in", "or", "relocating", "to", "the", "Bay", "Area", "and", "California", ",", "real-estate", "and", "relocation", "specialists", "said", ".", "Few", "specialists", "said", "they", "expect", "the", "quake", "to", "have", "much", "of", "an", "effect", "on", "most", "California", "property", "values", ".", "But", "real-estate", "experts", "and", "brokers", "said", "the", "quake", "undoubtedly", "will", "drag", "down", "prices", "in", "neighborhoods", "built", "on", "less", "stable", "ground", ",", "especially", "in", "the", "Bay", "Area", ".", "``", "California", "prices", "were", "already", "coming", "down", ".", "This", "is", "n't", "going", "to", "help", ",", "''", "said", "Kenneth", "T.", "Rosen", ",", "chairman", "of", "the", "Center", "for", "Real", "Estate", "and", "Urban", "Economics", "at", "the", "University", "of", "California", "at", "Berkeley", ".", "State", "housing", "prices", ",", "at", "a", "median", "$", "201,028", ",", "have", "declined", "in", "recent", "months", "because", "of", "potential", "buyers", "'", "inability", "to", "afford", "homes", ".", "Mr.", "Rosen", ",", "among", "others", ",", "suggested", "that", "the", "quake", ",", "the", "strongest", "since", "the", "1906", "temblor", "that", "struck", "San", "Francisco", ",", "will", "in", "the", "short", "term", "create", "a", "two-tier", "price", "system", "for", "quake-prone", "communities", ",", "with", "dwellings", "built", "on", "sturdy", "ground", "likely", "to", "demand", "higher", "prices", ".", "One", "San", "Francisco", "neighborhood", "likely", "to", "test", "Mr.", "Rosen", "'s", "theory", "soon", "is", "the", "city", "'s", "fashionable", "Marina", "district", ",", "which", "boasts", "some", "of", "the", "highest", "home", "prices", "in", "the", "state", ".", "The", "district", ",", "built", "on", "landfill", ",", "suffered", "heavy", "quake", "damage", ",", "including", "collapsed", "buildings", ".", "Yesterday", ",", "the", "city", "demolished", "two", "dwellings", "in", "the", "district", "because", "of", "severe", "structural", "damage", "and", "said", "as", "many", "as", "19", "of", "the", "district", "'s", "350", "dwellings", "might", "have", "to", "be", "razed", ".", "Brokers", "agreed", "with", "the", "two-tier", "price", "theory", ".", "``", "My", "gut", "feeling", "is", "that", "the", "Marina", "properties", "will", "be", "affected", ",", "''", "said", "Grace", "Perkins", ",", "senior", "vice", "president", "at", "Grubb", "&", "Ellis", "Residential", "Brokerage", "Inc", ".", "Neither", "she", "nor", "other", "real-estate", "executives", "and", "brokers", "could", "project", "how", "much", "less", "Marina", "properties", "might", "bring", ",", "but", "she", "said", "the", "two-tier", "price", "structure", "would", "affect", "prices", "``", "for", "a", "while", ".", "''", "Mr.", "Rosen", "said", "the", "quake", "will", "revive", "consumer", "interest", "in", "a", "little-publicized", "1972", "state", "law", "that", "requires", "brokers", "to", "disclose", "to", "potential", "buyers", "how", "close", "a", "property", "sits", "to", "a", "fault", "line", ".", "Because", "of", "the", "size", "of", "the", "California", "market", ",", "few", "relocation", "specialists", "expect", "a", "widespread", "corporate", "flight", "in", "the", "quake", "'s", "aftermath", ".", "But", "they", "said", "the", "quake", "will", "force", "some", "companies", "to", "relocate", "or", "expand", "part", "or", "all", "of", "their", "operations", "outside", "the", "state", ".", "``", "What", "you", "'re", "going", "to", "get", "is", "`", "We", "do", "n't", "want", "to", "put", "all", "of", "our", "eggs", "in", "one", "basket", "'", "theory", ",", "''", "said", "James", "H.", "Renzas", ",", "president", "of", "Location", "Management", "Services", "Inc.", ",", "a", "Palo", "Alto", ",", "Calif.", ",", "relocation", "concern", ".", "Mr.", "Renzas", ",", "among", "others", ",", "said", "the", "quake", "will", "prod", "companies", "in", "certain", "industries", ",", "like", "semiconductors", ",", "computers", "and", "aerospace", ",", "to", "consider", "moving", "operations", "that", "involve", "particularly", "sensitive", "machinery", "to", "locations", "outside", "California", ".", "Because", "of", "the", "quake", "threat", ",", "``", "some", "firms", "have", "evaluated", "what", "the", "cost", "is", "to", "shore", "up", "their", "buildings", "and", "compared", "it", "with", "the", "cost", "of", "building", "it", "elswehere", ",", "''", "he", "said", ".", "One", "Southern", "California", "aerospace", "firm", ",", "for", "example", ",", "two", "months", "ago", "asked", "Location", "Management", "to", "compare", "the", "costs", "of", "reinforcing", "its", "current", "building", "against", "earthquakes", "with", "the", "cost", "of", "building", "a", "new", "structure", "elsewhere", ".", "A", "new", "dwelling", "would", "cost", "$", "21", "million", ",", "Location", "Management", "found", ",", "compared", "with", "$", "22", "million", "to", "make", "the", "present", "building", "earthquake-proof", ".", "The", "company", ",", "Mr.", "Renzas", "said", ",", "has", "n't", "yet", "determined", "what", "to", "do", "." ]
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"advmod", "punct", "det", "amod", "nsubj", "aux", "root", "obj", "compound", "nummod", "punct", "compound", "nsubj", "parataxis", "punct", "case", "mark", "nsubj", "compound", "nummod", "mark", "advcl", "det", "amod", "nsubj", "xcomp", "punct", "det", "nsubj", "punct", "compound", "nsubj", "parataxis", "punct", "aux", "advmod", "advmod", "root", "nsubj", "mark", "ccomp", "punct" ]
[ "Shiseido", "Co.", ",", "Japan", "'s", "leading", "cosmetics", "producer", ",", "said", "it", "had", "net", "income", "of", "5.64", "billion", "yen", "(", "$", "39.7", "million", ")", "in", "its", "first", "half", ",", "which", "ended", "Sept.", "30", ".", "Exact", "comparisons", "with", "the", "previous", "year", "were", "unavailable", "because", "of", "a", "change", "in", "the", "company", "'s", "fiscal", "calendar", ".", "The", "Tokyo-based", "company", "had", "net", "of", "3.73", "billion", "yen", "in", "the", "previous", "reporting", "period", ",", "which", "was", "the", "four", "months", "ended", "March", "31", ".", "Sales", "in", "the", "first", "half", "came", "to", "159.92", "billion", "yen", ",", "compared", "with", "104.79", "billion", "yen", "in", "the", "four-month", "period", ".", "Shiseido", "predicted", "that", "sales", "for", "the", "year", "ending", "next", "March", "31", "will", "be", "318", "billion", "yen", ",", "compared", "with", "340.83", "billion", "yen", "in", "the", "year", "ended", "Nov.", "30", ",", "1988", ".", "It", "said", "it", "expects", "net", "to", "rise", "to", "11", "billion", "yen", "from", "8.22", "billion", "yen", "." ]
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[ "compound", "nsubj", "punct", "nmod:poss", "case", "amod", "compound", "appos", "punct", "root", "nsubj", "ccomp", "amod", "obj", "case", "compound", "nummod", "nmod", "punct", "dep", "compound", "nummod", "punct", "case", "nmod:poss", "amod", "obl", "punct", "nsubj", "acl:relcl", "obl:tmod", "nummod", "punct", "amod", "nsubj", "case", "det", "amod", "nmod", "cop", "root", "case", "fixed", "det", "obl", "case", "det", "nmod:poss", "case", "amod", "nmod", "punct", "det", "amod", "nsubj", "root", "obj", "case", "compound", "nummod", "nmod", "case", "det", "amod", "compound", "obl", "punct", "nsubj", "cop", "det", "nummod", "acl:relcl", "acl", "obl:tmod", "nummod", "punct", "nsubj", "case", "det", "amod", "nmod", "root", "case", "compound", "nummod", "obl", "punct", "case", "case", "nummod", "nummod", "advcl", "case", "det", "amod", "obl", "punct", "nsubj", "root", "mark", "nsubj", "case", "det", "nmod", "acl", "amod", "obl:tmod", "nummod", "aux", "cop", "compound", "nummod", "ccomp", "punct", "case", "case", "compound", "nummod", "nmod", "case", "det", "nmod", "acl", "obl:tmod", "nummod", "punct", "nummod", "punct", "nsubj", "root", "nsubj", "ccomp", "obj", "mark", "xcomp", "case", "compound", "nummod", "obl", "case", "compound", "nummod", "obl", "punct" ]
[ "Plunge", "?", "What", "plunge", "?", "Twenty-four", "New", "York", "Stock", "Exchange", "issues", "hit", "52-week", "highs", "during", "Friday", "'s", "trading", ",", "despite", "the", "Dow", "Jones", "Industrial", "Average", "'s", "190.58-point", "plunge", ".", "Stocks", "of", "utilities", "held", "up", "relatively", "better", "than", "other", "market", "sectors", "during", "the", "sell-off", ".", "And", "among", "the", "issues", "hitting", "new", "highs", "were", "Detroit", "Edison", "Co.", "and", "Niagara", "Mohawk", "Power", "Corp", ".", "Other", "major", "issues", "hitting", "highs", "included", "American", "Telephone", "&", "Telegraph", "Co.", ",", "Westinghouse", "Electric", "Corp.", ",", "Exxon", "Corp.", "and", "Cigna", "Corp.", ",", "the", "big", "insurer", ".", "Of", "course", ",", "many", "more", "issues", "--", "93", "--", "hit", "new", "lows", ".", "These", "included", "International", "Business", "Machines", "Corp.", ",", "which", "during", "Friday", "'s", "session", "traded", "below", "$", "100", "a", "share", "for", "the", "first", "time", "since", "June", "1984", ".", "IBM", "closed", "at", "$", "102", ",", "down", "$", "5.625", ".", "Other", "new", "lows", "included", "Navistar", "International", "Corp.", ",", "Union", "Carbide", "Corp.", "and", "Bethlehem", "Steel", "Corp.", ",", "all", "of", "which", "are", "included", "in", "the", "industrial", "average", ".", "Meanwhile", ",", "two", "initial", "public", "offerings", "braved", "the", "cascading", "market", "in", "their", "maiden", "day", "of", "national", "over-the-counter", "trading", "Friday", ".", "Shares", "of", "Rally", "'s", "Inc.", ",", "an", "operator", "of", "fast-food", "restaurants", ",", "closed", "at", "$", "17", "each", ",", "up", "from", "its", "$", "15", "offering", "price", "and", "shares", "of", "Employee", "Benefit", "Plans", "Inc.", ",", "a", "health-care", "consultant", ",", "closed", "at", "$", "14.125", ",", "up", "from", "its", "$", "12", "offering", "price", "." ]
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[ "root", "punct", "det", "root", "punct", "nummod", "compound", "compound", "compound", "compound", "nsubj", "root", "amod", "obj", "case", "nmod:poss", "case", "obl", "punct", "case", "det", "compound", "compound", "compound", "nmod:poss", "case", "amod", "obl", "punct", "nsubj", "case", "nmod", "root", "compound:prt", "advmod", "advmod", "case", "amod", "compound", "obl", "case", "det", "obl", "punct", "cc", "case", "det", "obl", "acl", "amod", "obj", "root", "compound", "compound", "nsubj", "cc", "compound", "compound", "compound", "conj", "punct", "amod", "amod", "nsubj", "acl", "obj", "root", "compound", "obj", "cc", "compound", "conj", "punct", "compound", "compound", "conj", "punct", "compound", "conj", "cc", "compound", "conj", "punct", "det", "amod", "appos", "punct", "case", "obl", "punct", "amod", "amod", "nsubj", "punct", "dep", "punct", "root", "amod", "obj", "punct", "nsubj", "root", "compound", "compound", "compound", "obj", "punct", "nsubj", "case", "nmod:poss", "case", "obl", "acl:relcl", "case", "obl", "nummod", "det", "obl:npmod", "case", "det", "amod", "obl", "case", "nmod", "nummod", "punct", "nsubj", "root", "case", "obl", "nummod", "punct", "advmod", "obl:npmod", "nummod", "punct", "amod", "amod", "nsubj", "root", "compound", "compound", "obj", "punct", "compound", "compound", "conj", "cc", "compound", "compound", "conj", "punct", "nsubj:pass", "case", "nmod", "aux:pass", "acl:relcl", "case", "det", "amod", "obl", "punct", "advmod", "punct", "nummod", "amod", "amod", "nsubj", "root", "det", "amod", "obj", "case", "nmod:poss", "amod", "obl", "case", "amod", "amod", "nmod", "obl:tmod", "punct", "nsubj", "case", "nmod:poss", "case", "nmod", "punct", "det", "appos", "case", "compound", "nmod", "punct", "root", "case", "obl", "nummod", "obl:npmod", "punct", "advmod", "case", "nmod:poss", "amod", "compound", "compound", "obl", "cc", "nsubj", "case", "compound", "compound", "compound", "nmod", "punct", "det", "compound", "appos", "punct", "conj", "case", "obl", "nummod", "punct", "advmod", "case", "nmod:poss", "amod", "compound", "compound", "obl", "punct" ]
[ "Kysor", "Industrial", "Corp.", "said", "it", "expects", "its", "third-quarter", "net", "earnings", "to", "be", "between", "two", "cents", "and", "four", "cents", "a", "share", ",", "compared", "with", "61", "cents", "a", "share", "a", "year", "ago", ".", "Analysts", "had", "been", "projecting", "that", "the", "company", "'s", "earnings", "would", "be", "between", "25", "cents", "and", "30", "cents", "a", "share", ".", "The", "year-earlier", "third-quarter", "earnings", "amounted", "to", "$", "4.1", "million", ".", "The", "company", "said", "a", "drop", "in", "activity", "in", "the", "powerboat", "industry", "reduced", "sales", "volume", "at", "its", "two", "marine-related", "operations", ".", "Also", ",", "the", "company", "said", "its", "commercial", "products", "operation", "failed", "to", "meet", "forecasts", ".", "Kysor", ",", "a", "maker", "of", "heavy-duty", "truck", "and", "commercial", "refrigeration", "equipment", ",", "said", "it", "expects", "its", "fourth-quarter", "earnings", "to", "be", "more", "closely", "in", "line", "with", "usual", "levels", ",", "which", "are", "between", "30", "cents", "and", "50", "cents", "a", "share", "." ]
[ 3, 3, 4, 0, 6, 4, 10, 10, 10, 6, 15, 15, 15, 15, 6, 18, 18, 15, 20, 15, 15, 25, 25, 25, 15, 27, 25, 29, 25, 29, 4, 4, 4, 4, 0, 14, 7, 9, 7, 14, 14, 14, 14, 14, 4, 17, 17, 14, 19, 14, 4, 4, 4, 4, 5, 0, 7, 5, 9, 7, 5, 2, 3, 0, 5, 12, 7, 5, 11, 11, 11, 7, 3, 14, 12, 19, 19, 19, 19, 14, 3, 5, 5, 4, 5, 0, 9, 9, 9, 10, 5, 12, 10, 12, 5, 13, 1, 4, 1, 7, 7, 4, 11, 11, 11, 7, 1, 0, 15, 13, 18, 18, 15, 24, 24, 22, 24, 24, 15, 27, 27, 24, 27, 33, 33, 33, 33, 27, 36, 36, 33, 38, 33, 13 ]
[ "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "nmod:poss", "compound", "compound", "obj", "mark", "cop", "amod", "nummod", "xcomp", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "case", "nummod", "nmod", "det", "obl:npmod", "det", "advmod", "case", "punct", "nsubj", "aux", "aux", "root", "mark", "det", "nmod:poss", "case", "nsubj", "aux", "cop", "amod", "nummod", "ccomp", "cc", "nummod", "conj", "det", "dep", "punct", "det", "amod", "compound", "nsubj", "root", "case", "obl", "compound", "nummod", "punct", "det", "nsubj", "root", "det", "nsubj", "case", "nmod", "case", "det", "compound", "nmod", "ccomp", "amod", "obj", "case", "nmod:poss", "nummod", "amod", "nmod", "punct", "advmod", "punct", "det", "nsubj", "root", "nmod:poss", "amod", "compound", "nsubj", "ccomp", "mark", "xcomp", "obj", "punct", "nsubj", "punct", "det", "appos", "case", "amod", "nmod", "cc", "amod", "compound", "conj", "punct", "root", "nsubj", "ccomp", "nmod:poss", "compound", "obj", "mark", "cop", "advmod", "advmod", "case", "xcomp", "case", "amod", "nmod", "punct", "nsubj", "cop", "amod", "nummod", "acl:relcl", "cc", "nummod", "conj", "det", "obl:npmod", "punct" ]
[ "QUANTUM", "CHEMICAL", "Corp.", "'s", "plant", "in", "Morris", ",", "Ill.", ",", "is", "expected", "to", "resume", "production", "in", "early", "1990", ".", "The", "year", "was", "misstated", "in", "Friday", "'s", "editions", "." ]
[ 3, 3, 5, 3, 12, 7, 5, 7, 7, 7, 12, 0, 14, 12, 14, 18, 18, 14, 12, 2, 4, 4, 0, 8, 8, 6, 4, 4 ]
[ "compound", "compound", "nmod:poss", "case", "nsubj:pass", "case", "nmod", "punct", "appos", "punct", "aux:pass", "root", "mark", "xcomp", "obj", "case", "amod", "obl", "punct", "det", "nsubj:pass", "aux:pass", "root", "case", "nmod:poss", "case", "obl", "punct" ]
[ "Komatsu", "Ltd.", ",", "a", "large", "integrated", "maker", "of", "construction", "machinery", ",", "posted", "a", "32", "%", "unconsolidated", "gain", "in", "first-half", "pretax", "profit", ".", "For", "the", "period", "ended", "Sept.30", ",", "it", "earned", "16.68", "billion", "yen", ",", "(", "US$", "116.7", "million", ")", "up", "from", "12.68", "billion", "yen", "the", "year", "before", ".", "Sales", "rose", "11", "%", "to", "292.32", "billion", "yen", "from", "263.07", "billion", "yen", ".", "Net", "income", "surged", "31", "%", "to", "7.63", "billion", "yen", "from", "5.82", "billion", "yen", ".", "Per-share", "net", "rose", "to", "7.84", "yen", "from", "6.53", "yen", ".", "Brisk", "domestic", "demand", "due", "to", "increasing", "capital", "investment", "pushed", "up", "sales", "sharply", "in", "construction", "and", "industrial", "machinery", "divisions", ".", "Domestic", "sales", "of", "construction", "machinery", ",", "such", "as", "power", "shovels", "and", "bulldozers", "rose", "to", "142.84", "billion", "yen", "from", "126.15", "billion", "yen", ".", "Demand", "from", "Europe", "and", "Southeast", "Asia", "also", "grew", ",", "but", "due", "to", "increasing", "production", "at", "local", "plants", ",", "overseas", "sales", "edged", "down", "2.8", "%", ".", "Komatsu", "predicted", "that", "for", "the", "fiscal", "year", "ending", "March", "31", "sales", "will", "climb", "to", "600", "billion", "yen", "from", "566.54", "billion", "yen", ";", "pretax", "profit", "was", "forecast", "at", "35", "billion", "yen", ",", "up", "from", "28.53", "billion", "yen", "in", "fiscal", "1989", ".", "Net", "is", "expected", "to", "rise", "to", "17", "billion", "yen", "from", "12.82", "billion", "yen", "a", "year", "earlier", "." ]
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[ "compound", "nsubj", "punct", "det", "amod", "amod", "appos", "case", "compound", "nmod", "punct", "root", "det", "compound", "amod", "amod", "obj", "case", "amod", "compound", "nmod", "punct", "case", "det", "obl", "acl", "obl:tmod", "punct", "nsubj", "root", "compound", "nummod", "obj", "punct", "punct", "dep", "compound", "nummod", "punct", "advmod", "case", "compound", "nummod", "obl", "det", "advmod", "case", "punct", "nsubj", "root", "nummod", "obj", "case", "compound", "nummod", "obl", "case", "compound", "nummod", "obl", "punct", "amod", "nsubj", "root", "nummod", "obj", "case", "compound", "nummod", "obl", "case", "compound", "nummod", "obl", "punct", "amod", "nsubj", "root", "case", "nummod", "obl", "case", "nummod", "obl", "punct", "amod", "amod", "nsubj", "amod", "case", "amod", "compound", "obl", "root", "advmod", "obj", "advmod", "case", "obl", "cc", "amod", "compound", "conj", "punct", "amod", "nsubj", "case", "compound", "nmod", "punct", "case", "fixed", "compound", "nmod", "cc", "conj", "root", "case", "compound", "nummod", "obl", "case", "compound", "nummod", "obl", "punct", "nsubj", "case", "nmod", "cc", "compound", "conj", "advmod", "root", "punct", "cc", "advmod", "case", "amod", "obl", "case", "amod", "nmod", "punct", "amod", "nsubj", "conj", "advmod", "nummod", "obl:npmod", "punct", "nsubj", "root", "mark", "case", "det", "amod", "obl", "acl", "obl:tmod", "nummod", "nsubj", "aux", "ccomp", "case", "compound", "nummod", "obl", "case", "compound", "nummod", "obl", "punct", "compound", "nsubj:pass", "aux:pass", "parataxis", "case", "compound", "nummod", "obl", "punct", "advmod", "case", "compound", "nummod", "obl", "case", "amod", "nmod", "punct", "nsubj:pass", "aux:pass", "root", "mark", "xcomp", "case", "compound", "nummod", "obl", "case", "compound", "nummod", "obl", "det", "obl:npmod", "advmod", "punct" ]
[ "Nothing", "stirred", "the", "soul", "of", "Ronald", "Reagan", "and", "his", "disciples", "as", "much", "as", "the", "crusade", "to", "aid", "Nicaragua", "'s", "Contra", "rebels", ",", "or", "the", "dream", "of", "building", "a", "space-based", "defense", "shield", "to", "knock", "out", "Soviet", "nuclear", "missiles", ".", "Yet", "under", "Mr.", "Reagan", "'s", "preferred", "successor", ",", "President", "Bush", ",", "those", "two", "cherished", "national-security", "causes", "are", "withering", "on", "the", "vine", ".", "And", ",", "surprisingly", ",", "little", "more", "than", "a", "whimper", "of", "protest", "is", "being", "heard", ",", "even", "though", "Reaganauts", "once", "breathed", "fire", "supporting", "the", "Contras", "and", "the", "Strategic", "Defense", "Initiative", ".", "``", "The", "programs", "have", "arthritis", ",", "''", "says", "Rep.", "Henry", "Hyde", ",", "a", "conservative", "Republican", "from", "Illinois", ".", "Yet", ",", "he", "asserts", ",", "``", "you", "look", "around", "...", "and", "you", "say", ",", "`", "Who", "are", "the", "leaders", "?", "Who", "is", "going", "to", "carry", "the", "water", "?", "'", "''", "It", "is", "n't", "surprising", "that", "President", "Bush", "has", "n't", "led", "a", "crusade", "to", "pump", "up", "the", "Contras", "or", "SDI", ".", "Though", "he", "nominally", "supports", "both", "programs", ",", "Mr.", "Bush", "has", "n't", "been", "a", "passionate", "champion", "of", "either", "cause", ",", "as", "Mr.", "Reagan", "was", ".", "What", "'s", "surprising", "is", "that", "there", "is", "n't", "more", "of", "a", "conservative", "outcry", "as", "the", "Bush", "administration", "lets", "the", "programs", "slip", "down", "the", "national-priority", "list", ".", "A", "combination", "of", "factors", "--", "a", "weariness", "among", "some", "conservatives", ",", "a", "decline", "in", "the", "perception", "of", "a", "Soviet", "threat", "and", "a", "preoccupation", "with", "other", "issues", "--", "seem", "to", "explain", "the", "strange", "tranquility", ".", "Above", "all", ",", "though", ",", "conservative", "Republicans", "who", "have", "championed", "both", "the", "Contras", "and", "SDI", "are", "reluctant", "to", "attack", "a", "Republican", "president", "for", "failing", "to", "do", "more", "--", "though", "that", "reluctance", "may", "be", "receding", ".", "``", "We", "want", "to", "complain", ",", "we", "want", "to", "say", "something", "about", "it", ",", "and", "we", "'re", "going", "to", "as", "it", "gets", "worse", ",", "''", "says", "Rep.", "Dan", "Burton", ",", "an", "Indiana", "Republican", "who", "has", "been", "a", "staunch", "Contra", "backer", ".", "``", "But", "it", "'s", "like", "kicking", "your", "father", "in", "the", "pants", ".", "You", "hate", "to", "do", "it", "because", "he", "'s", "your", "father", ".", "''", "Mr.", "Burton", "says", "conservatives", "'", "unhappiness", "with", "Mr.", "Bush", "'s", "cautious", "handling", "of", "the", "recent", "unsuccessful", "coup", "in", "Panama", "will", "make", "them", "more", "willing", "to", "speak", "out", ".", "Of", "course", ",", "neither", "President", "Bush", "nor", "the", "Congress", "has", "actually", "abandoned", "the", "Contras", "or", "SDI", ".", "Mr.", "Bush", "has", "struck", "a", "deal", "with", "congressional", "leaders", "to", "provide", "nonlethal", "aid", "to", "the", "Contras", "until", "Nicaragua", "holds", "national", "elections", "next", "February", ".", "But", "the", "administration", "has", "dropped", "any", "effort", "to", "win", "military", "aid", "for", "the", "rebels", ".", "And", "the", "administration", "'s", "deal", "with", "Congress", "gives", "several", "congressional", "committees", "the", "right", "to", "cut", "off", "even", "humanitarian", "aid", "next", "month", ",", "though", "the", "committees", "are", "likely", "to", "let", "aid", "continue", "until", "February", ".", "Most", "analysts", "think", "there", "'s", "little", "prospect", "the", 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"amod", "obj", "punct", "mark", "acl", "advmod", "case", "obl", "cc", "conj", "nsubj", "aux", "ccomp", "compound", "obj", "mark", "xcomp", "det", "compound", "obj", "case", "punct", "amod", "punct", "nmod", "case", "det", "nmod", "punct", "cc", "det", "amod", "nsubj", "case", "compound", "nmod", "aux", "cop", "advmod", "root", "advmod", "dep", "mark", "ccomp", "obj", "case", "nmod", "punct", "det", "nsubj", "aux", "advmod", "root", "case", "det", "amod", "obl", "case", "nmod", "punct", "cc", "case", "det", "obl", "det", "nmod:poss", "case", "nsubj:pass", "aux", "aux:pass", "advmod", "conj", "mark", "xcomp", "compound:prt", "det", "obj", "case", "nmod", "amod", "obl:tmod", "punct", "cc", "mark", "det", "compound", "nsubj", "aux", "advcl", "dep", "punct", "compound", "nsubj", "obl:npmod", "aux", "advmod", "root", "det", "compound", "obj", "mark", "acl", "compound:prt", "obj", "punct", "mark", "compound", "nsubj", "advcl", "punct", "det", "nsubj", "advmod", "root", "mark", "nsubj", "aux", "advmod", "ccomp", "compound", "nmod:poss", "case", "amod", "obj", "case", "det", "punct", "amod", "nmod", "punct", "acl", "det", "amod", "obj", "punct", "cc", "cc", "det", "advmod", "amod", "conj", "punct", "advmod", "ccomp", "case", "compound", "obl", "punct", "det", "compound", "nsubj", "root", "mark", "aux", "advmod", "xcomp", "det", "amod", "amod", "obj", "case", "det", "compound", "nmod", "nsubj", "acl:relcl", "amod", "obj", "case", "compound", "nmod", "punct", "det", "nsubj", "aux", "root", "mark", "xcomp", "det", "obj", "acl", "amod", "obj", "mark", "advcl", "obj", "case", "amod", "nmod", "punct", "cc", "det", "nsubj", "advmod", "aux", "root", "mark", "nsubj", "aux", "ccomp", "det", "obj", "mark", "acl", "case", "det", "amod", "compound", "obl", "advmod", "case", "mark", "det", "nsubj", "advcl", "compound", "obj", "cc", "conj", "obj", "det", "nsubj", "acl:relcl", "ccomp", "det", "amod", "amod", "obj", "punct", "nsubj", "aux", "cop", "root", "case", "det", "obl", "mark", "xcomp", "obj", "mark", "xcomp", "obj", "case", "compound", "nmod", "mark", "nsubj", "advcl", "det", "nsubj", "aux", "ccomp", "det", "amod", "obj", "punct", "case", "det", "obl", "punct", "compound", "nsubj", "punct", "det", "amod", "compound", "compound", "appos", "nsubj", "advmod", "acl:relcl", "det", "obj", "case", "compound", "nmod", "punct", "root", "mark", "det", "nmod:poss", "case", "punct", "nsubj", "case", "amod", "nmod", "case", "nmod", "cc", "conj", "case", "det", "compound", "nmod", "ccomp", "obj", "punct", "punct", "advmod", "punct", "nsubj", "aux", "aux", "root", "advmod", "case", "amod", "obl", "mark", "nsubj", "advcl", "amod", "nsubj", "aux", "ccomp", "mark", "advcl", "det", "amod", "obj", "cc", "conj", "obj", "case", "nmod", "punct", "advmod", "advmod", "det", "nsubj", "parataxis", "det", "amod", "nsubj", "aux", "ccomp", "case", "compound", "obl", "punct", "case", "obl", "punct", "mark", "nsubj", "advcl", "mark", "aux", "xcomp", "det", "amod", "obj", "punct", "det", "nsubj", "aux", "advmod", "cop", "advmod", "root", "mark", "nmod:poss", "amod", "nsubj", "aux", "ccomp", "mark", "nsubj", "aux", "advmod", "ccomp", "det", "obj", "case", "det", "obl", "mark", "advcl", "amod", "obj", "punct", "punct", "det", "nsubj", "case", "nmod", "ccomp", "mark", "det", "advmod", "nsubj", "case", "nmod", "aux", "advmod", "ccomp", "case", "advmod", "amod", "det", "obl", "mark", "nsubj", "advcl", "punct", "punct", "root", "compound", "nsubj", "punct", "det", "amod", "compound", "compound", "compound", "appos", "nsubj", "advmod", "cop", "acl:relcl", "case", "det", "compound", "nmod", "punct", "det", "nsubj", "aux", "root", "mark", "xcomp", "det", "obj", "case", "det", "nummod", "nmod", "punct", "cc", "nsubj", "root", "nsubj", "aux", "advmod", "ccomp", "amod", "obj", "case", "fixed", "det", "obl", "case", "amod", "nmod", "case", "det", "nmod", "mark", "acl", "det", "obj", "punct", "nummod", "compound", "nsubj:pass", "case", "det", "nmod", "case", "nmod", "punct", "compound", "appos", "compound", "dep", "case", "obl", "punct", "aux:pass", "ccomp", "case", "obl", "case", "nmod:poss", "nmod", "punct", "nsubj", "root", "punct", "amod", "amod", "nsubj", "punct", "case", "compound", "compound", "nmod", "compound", "dep", "punct", "det", "compound", "compound", "appos", "punct", "aux", "advmod", "root", "det", "obj", "case", "det", "compound", "compound", "nmod", "obj", "nsubj", "acl:relcl", "case", "compound", "obl", "punct", "case", "obl", "punct", "advmod", "punct", "nsubj", "root", "cc:preconj", "det", "nsubj:pass", "cc", "det", "compound", "conj", "aux", "aux:pass", "ccomp", "advmod", "advmod", "case", "amod", "amod", "obl", "punct", "punct", "mark", "expl", "mark", "cop", "advcl", "case", "det", "nmod", "case", "det", "nmod", "punct", "det", "compound", "nsubj", "ccomp", "mark", "aux", "xcomp", "case", "det", "obl", "punct", "punct", "root", "compound", "nsubj", "punct", "det:predet", "nsubj", "root", "compound", "obj", "mark", "xcomp", "case", "det", "amod", "obl", "mark", "acl", "compound:prt", "amod", "obj", "punct", "punct", "obj", "nsubj", "aux", "dep", "mark", "xcomp", "punct", "mark", "nsubj", "cop", "case", "case", "dep", "punct", "ccomp", "mark", "nsubj", "mark", "advcl", "case", "det", "obl", "mark", "xcomp", "obj", "case", "nmod", "punct", "punct", "det", "nsubj", "root", "punct" ]
[ "Legent", "Corp.", "said", "it", "expects", "to", "report", "net", "income", "between", "$", "6.4", "million", "and", "$", "6.9", "million", ",", "or", "between", "32", "cents", "and", "34", "cents", "a", "share", ",", "for", "its", "fourth", "quarter", "ended", "Sept.", "30", ".", "In", "the", "year-ago", "quarter", ",", "the", "software", "developer", "reported", "pro", "forma", "earnings", "of", "$", "4.8", "million", ",", "or", "24", "cents", "a", "share", ".", "Vienna", ",", "Va.-based", "Legent", "said", "it", "expects", "to", "post", "revenue", "for", "the", "quarter", "of", "more", "than", "$", "31", "million", ",", "compared", "with", "pro", "forma", "revenue", "of", "$", "25.2", "million", "in", "1988", ".", "For", "the", "fiscal", "year", ",", "the", "company", "said", "it", "anticipates", "reporting", "earnings", "of", "$", "23", "million", ",", "or", "about", "$", "1.15", "a", "share", ",", "including", "a", "charge", "of", "about", "$", "5.9", "million", ",", "or", "22", "cents", "a", "share", ",", "related", "to", "the", "merger", "that", "created", "Legent", "out", "of", "Duquesne", "Systems", "Inc.", "and", "Morino", "Inc.", "in", "March", "1989", ".", "Revenue", "for", "fiscal", "1989", "is", "expected", "to", "exceed", "$", "124", "million", ".", "Pro", "forma", "earnings", "for", "fiscal", "1988", "were", "$", "19.6", "million", ",", "or", "99", "cents", "a", "share", ",", "on", "revenue", "of", "$", "97.2", "million", ".", "The", "company", "attributed", "much", "of", "the", "growth", "in", "earnings", "to", "increased", "demand", "for", "its", "systems", "productivity", "software", "." ]
[ 2, 3, 0, 5, 3, 7, 5, 9, 7, 11, 9, 13, 11, 15, 11, 17, 15, 11, 22, 22, 22, 11, 25, 25, 22, 27, 22, 11, 32, 32, 32, 7, 32, 33, 34, 3, 4, 4, 4, 9, 9, 8, 8, 9, 0, 12, 12, 9, 14, 12, 16, 14, 14, 20, 20, 14, 22, 20, 9, 3, 3, 4, 5, 0, 7, 5, 9, 7, 9, 13, 13, 10, 17, 17, 15, 10, 19, 17, 10, 25, 25, 25, 25, 10, 27, 25, 29, 27, 31, 25, 5, 4, 4, 4, 8, 8, 7, 8, 0, 10, 8, 10, 11, 14, 12, 16, 14, 14, 20, 20, 14, 20, 23, 20, 14, 27, 27, 12, 30, 30, 27, 32, 30, 30, 36, 36, 30, 38, 36, 30, 27, 43, 43, 40, 45, 43, 45, 51, 51, 51, 51, 45, 54, 54, 51, 56, 45, 56, 8, 6, 4, 4, 1, 6, 0, 8, 6, 8, 11, 9, 6, 3, 3, 8, 6, 6, 3, 8, 0, 10, 8, 8, 14, 14, 8, 16, 14, 8, 19, 8, 21, 19, 23, 21, 8, 2, 3, 0, 3, 7, 7, 4, 9, 7, 12, 12, 3, 17, 17, 17, 17, 12, 3 ]
[ "compound", "nsubj", "root", "nsubj", "ccomp", "mark", "xcomp", "amod", "obj", "case", "nmod", "compound", "nummod", "cc", "conj", "compound", "nummod", "punct", "cc", "case", "nummod", "conj", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "nmod:poss", "amod", "obl", "acl", "obl:tmod", "nummod", "punct", "case", "det", "amod", "obl", "punct", "det", "compound", "nsubj", "root", "compound", "compound", "obj", "case", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "amod", "punct", "amod", "nsubj", "root", "nsubj", "ccomp", "mark", "xcomp", "obj", "case", "det", "nmod", "case", "advmod", "fixed", "nmod", "compound", "nummod", "punct", "case", "case", "compound", "compound", "nmod", "case", "nmod", "compound", "nummod", "case", "nmod", "punct", "case", "det", "amod", "obl", "punct", "det", "nsubj", "root", "nsubj", "ccomp", "xcomp", "obj", "case", "nmod", "compound", "nummod", "punct", "cc", "advmod", "conj", "nummod", "det", "obl:npmod", "punct", "case", "det", "nmod", "case", "advmod", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "acl", "case", "det", "obl", "nsubj", "acl:relcl", "obj", "case", "case", "compound", "compound", "obl", "cc", "compound", "conj", "case", "obl", "nummod", "punct", "nsubj:pass", "case", "amod", "nmod", "aux:pass", "root", "mark", "xcomp", "obj", "compound", "nummod", "punct", "compound", "compound", "nsubj", "case", "amod", "nmod", "cop", "root", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "obl", "case", "nmod", "compound", "nummod", "punct", "det", "nsubj", "root", "obj", "case", "det", "nmod", "case", "nmod", "case", "amod", "obl", "case", "nmod:poss", "compound", "compound", "nmod", "punct" ]
[ "Japanese", "machinery", "makers", "received", "orders", "totaling", "1.465", "trillion", "yen", "(", "$", "10.33", "billion", ")", "in", "August", ",", "up", "14", "%", "from", "a", "year", "earlier", ",", "the", "Economic", "Planning", "Agency", "said", ".", "``", "Equipment", "orders", "on", "the", "domestic", "side", "were", "particularly", "strong", "in", "shipping", "and", "power", "utilities", ",", "''", "said", "an", "agency", "official", ".", "The", "latest", "report", "compares", "with", "a", "modest", "9.9", "%", "increase", "in", "July", "machinery", "orders", "from", "a", "year", "earlier", "." ]
[ 3, 3, 4, 30, 4, 5, 8, 9, 6, 11, 9, 13, 11, 11, 16, 4, 4, 4, 20, 18, 24, 23, 24, 18, 30, 29, 29, 29, 30, 0, 30, 18, 3, 10, 7, 7, 7, 3, 10, 10, 18, 15, 15, 14, 12, 10, 18, 18, 0, 21, 21, 18, 18, 3, 3, 4, 0, 10, 10, 10, 9, 10, 4, 14, 14, 14, 10, 18, 17, 18, 10, 4 ]
[ "amod", "compound", "nsubj", "ccomp", "obj", "acl", "compound", "nummod", "obj", "punct", "dep", "compound", "nummod", "punct", "case", "obl", "punct", "advmod", "nummod", "obl:npmod", "case", "det", "obl:npmod", "advcl", "punct", "det", "compound", "compound", "nsubj", "root", "punct", "punct", "compound", "nsubj", "case", "det", "amod", "nmod", "cop", "advmod", "ccomp", "case", "compound", "cc", "conj", "obl", "punct", "punct", "root", "det", "compound", "nsubj", "punct", "det", "amod", "nsubj", "root", "case", "det", "amod", "compound", "amod", "obl", "case", "compound", "compound", "nmod", "case", "det", "obl:npmod", "acl", "punct" ]
[ "Savin", "Corp.", "reported", "a", "third-quarter", "net", "loss", "of", "$", "35.2", "million", ",", "or", "31", "cents", "a", "share", ",", "compared", "with", "year-earlier", "profit", "of", "$", "3.8", "million", ",", "or", "one", "cent", "a", "share", ".", "A", "spokesman", "for", "the", "Stamford", ",", "Conn.based", "company", "said", "operations", "had", "a", "loss", "of", "$", "5.5", "million", "for", "the", "quarter", ";", "in", "addition", ",", "the", "loss", "was", "magnified", "by", "nonrecurring", "charges", "totaling", "$", "23.5", "million", "and", "$", "8.2", "million", "in", "asset-valuation", "adjustments", "that", "he", "described", "as", "``", "unusual", ".", "''", "The", "charges", "were", "partly", "offset", "by", "a", "$", "2", "million", "gain", "on", "the", "sale", "of", "investments", "of", "two", "joint", "ventures", ",", "he", "said", ".", "Revenue", "declined", "8", "%", "to", "$", "85.7", "million", ",", "from", "$", "93.3", "million", "a", "year", "earlier", ".", "Savin", "cited", "``", "a", "general", "softening", "in", "the", "demand", "for", "office", "products", "in", "the", "market", "segments", "in", "which", "Savin", "competes", "." ]
[ 2, 3, 0, 7, 7, 7, 3, 9, 7, 11, 9, 9, 15, 15, 9, 17, 15, 9, 22, 22, 22, 3, 24, 22, 26, 24, 24, 30, 30, 24, 32, 30, 3, 2, 9, 8, 8, 7, 7, 8, 2, 0, 11, 9, 13, 11, 15, 13, 17, 15, 20, 20, 13, 9, 23, 28, 28, 26, 28, 28, 9, 31, 31, 28, 31, 32, 35, 33, 37, 31, 39, 37, 42, 42, 37, 45, 45, 37, 48, 48, 45, 9, 9, 2, 5, 5, 5, 23, 11, 11, 11, 10, 8, 5, 14, 14, 11, 16, 14, 20, 20, 20, 16, 23, 23, 0, 23, 2, 0, 4, 2, 6, 2, 8, 6, 2, 11, 2, 13, 11, 15, 16, 11, 2, 2, 0, 2, 6, 6, 2, 9, 9, 6, 12, 12, 9, 16, 16, 16, 9, 18, 20, 20, 16, 2 ]
[ "compound", "nsubj", "root", "det", "compound", "amod", "obj", "case", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "case", "amod", "advcl", "case", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "det", "nsubj", "case", "det", "amod", "punct", "amod", "nmod", "root", "nsubj", "ccomp", "det", "obj", "case", "nmod", "compound", "nummod", "case", "det", "nmod", "punct", "case", "obl", "punct", "det", "nsubj:pass", "aux:pass", "parataxis", "case", "amod", "obl", "acl", "obj", "compound", "nummod", "cc", "conj", "compound", "nummod", "case", "compound", "nmod", "obj", "nsubj", "acl:relcl", "case", "punct", "advcl", "punct", "punct", "det", "nsubj:pass", "aux:pass", "advmod", "ccomp", "case", "det", "amod", "compound", "nummod", "obl", "case", "det", "nmod", "case", "nmod", "case", "nummod", "amod", "nmod", "punct", "nsubj", "root", "punct", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "punct", "case", "obl", "compound", "nummod", "det", "obl:npmod", "advmod", "punct", "nsubj", "root", "punct", "det", "amod", "obj", "case", "det", "nmod", "case", "compound", "nmod", "case", "det", "compound", "nmod", "case", "obl", "nsubj", "acl:relcl", "punct" ]
[ "Bond", "prices", "posted", "strong", "gains", "as", "investors", "went", "on", "a", "bargain", "hunt", ".", "But", "while", "the", "overall", "market", "improved", ",", "the", "new-issue", "junk-bond", "market", "continued", "to", "count", "casualties", ",", "even", "as", "junk-bond", "prices", "rose", ".", "Yesterday", ",", "Prudential-Bache", "Securities", "Inc.", "said", "it", "postponed", "a", "$", "220", "million", "senior", "subordinated", "debenture", "offering", "by", "York", "International", "Corp", ".", "And", "Donaldson", ",", "Lufkin", "&", "Jenrette", "Securities", "Corp.", "scrambled", "to", "restructure", "and", "improve", "the", "potential", "returns", "on", "a", "$", "475", "million", "debenture", "offering", "by", "Chicago", "&", "North", "Western", "Acquisition", "Corp.", "that", "was", "still", "being", "negotiated", "late", "last", "night", ".", "The", "issue", "by", "Chicago", "&", "North", "Western", "is", "one", "of", "the", "so-called", "good", "junk-bond", "offerings", "on", "the", "new-issue", "calendar", ".", "Some", "analysts", "said", "the", "restructuring", "of", "the", "railroad", "concern", "'s", "issue", "shows", "how", "tough", "it", "is", "for", "underwriters", "to", "sell", "even", "the", "junk", "bonds", "of", "a", "company", "considered", "to", "be", "a", "relatively", "good", "credit", "risk", ".", "Since", "last", "week", "'s", "junk-bond", "market", "debacle", ",", "many", "new", "issues", "of", "high-yield", ",", "high-risk", "corporate", "bonds", "have", "either", "been", "scaled", "back", ",", "delayed", "or", "dropped", ".", "On", "Wednesday", ",", "Drexel", "Burnham", "Lambert", "Inc.", "had", "to", "slash", "the", "size", "of", "Continental", "Airlines", "'", "junk-bond", "offering", "to", "$", "71", "million", "from", "$", "150", "million", ".", "Salomon", "Brothers", "Inc.", "has", "delayed", "Grand", "Union", "Co.", "'s", "$", "1.16", "billion", "junk-bond", "offering", "while", "it", "restructures", "the", "transaction", ".", "Last", "week", ",", "the", "Grand", "Union", "offering", "was", "sweetened", "to", "include", "warrants", "that", "allow", "bondholders", "to", "acquire", "common", "stock", ".", "Prudential-Bache", "said", "the", "York", "issue", "was", "delayed", "because", "of", "market", "conditions", ".", "``", "Everything", "is", "going", "through", "firehoops", "right", "now", ",", "and", "-LCB-", "Chicago", "&", "North", "Western", "-RCB-", "is", "no", "exception", ",", "''", "said", "Mariel", "Clemensen", ",", "vice", "president", ",", "high-yield", "research", ",", "at", "Citicorp", ".", "Portfolio", "managers", "say", "sweeteners", "like", "equity", "kickers", "and", "stricter", "protective", "covenants", "may", "increasingly", "be", "required", "to", "sell", "junk-bond", "deals", ".", "Dan", "Baldwin", ",", "managing", "director", "of", "high-yield", "investments", "at", "Chancellor", "Capital", "Management", ",", "said", "the", "Chicago", "&", "North", "Western", "offering", "was", "restructured", "in", "part", "because", "``", "several", "large", "insurance", "buyers", "right", "now", "are", "demanding", "equity", "as", "part", "of", "the", "package", ".", "If", "you", "'re", "going", "to", "take", "the", "risk", "in", "this", "market", ",", "you", "want", "something", "extra", ".", "''", "Mr.", "Baldwin", "likes", "the", "offering", ".", "But", "several", "mutual-fund", "managers", ",", "nervous", "about", "the", "deteriorating", "quality", "of", "their", "junk-bond", "portfolios", "and", "shy", "about", "buying", "new", "issues", ",", "said", "they", "'re", "staying", "away", "from", "any", "junk", "security", "that", "is", "n't", "considered", "first", "rate", "for", "its", "class", ".", "While", "they", "consider", "the", "Chicago", "&", "North", "Western", "issue", "to", "be", "good", ",", "they", "do", "n't", "view", "it", "as", "the", "best", ".", "To", "lure", "buyers", "to", "the", "Chicago", "&", "North", "Western", "bonds", ",", "portfolio", "managers", "said", "Donaldson", "Lufkin", "sweetened", "the", "transaction", "by", "offering", "the", "bonds", "with", "a", "resettable", "interest", "rate", "and", "a", "10", "%", "equity", "kicker", ".", "The", "bonds", "are", "expected", "to", "have", "a", "14", "1/2", "%", "coupon", "rate", ".", "The", "equity", "arrangement", "apparently", "would", "allow", "bondholders", "to", "buy", "a", "total", "of", "10", "%", "of", "the", "stock", "of", "CNW", "Corp.", ",", "Chicago", "&", "North", "Western", "'s", "parent", "company", ".", "Donaldson", "Lufkin", "declined", "to", "comment", "on", "the", "restructuring", ".", "According", "to", "some", "analysts", "familiar", "with", "the", "negotiations", ",", "the", "10", "%", "of", "equity", "would", "come", "directly", "from", "Donaldson", "Lufkin", "and", "a", "fund", "affiliated", "with", "the", "investment", "bank", "Blackstone", "Group", ",", "which", "would", "reduce", "their", "CNW", "equity", "holdings", "by", "5", "%", "each", ".", "That", "would", "leave", "the", "Blackstone", "fund", "with", "a", "60", "%", "stake", "and", "Donaldson", "Lufkin", "with", "15", "%", ".", "Despite", "the", "problems", "with", "new", "issues", ",", "high-yield", "bonds", "showed", "gains", "in", "the", "secondary", ",", "or", "resell", ",", "market", ".", "Junk", "bonds", "ended", "about", "one-half", "point", "higher", "with", "so-called", "high-quality", "issues", "from", "RJR", "Capital", "Holdings", "Corp.", "and", "Petrolane", "Gas", "Service", "Limited", "Partnership", "rising", "one", "point", ".", "In", "the", "Treasury", "market", ",", "the", "benchmark", "30-year", "bond", "rose", "seven-eighths", "point", ",", "or", "$", "8.75", "for", "each", "$", "1,000", "face", "amount", ".", "The", "gain", "reflects", "fresh", "economic", "evidence", "that", "inflation", "is", "moderating", "while", "the", "economy", "slows", ".", "That", "raised", "hopes", "that", "interest", "rates", "will", "continue", "to", "move", "lower", ".", "The", "Labor", "Department", "reported", "that", "consumer", "prices", "rose", "just", "0.2", "%", "last", "month", ",", "slightly", "lower", "than", "some", "economists", "had", "expected", ".", "But", "there", "were", "also", "rumors", "yesterday", "that", "several", "Japanese", "institutional", "investors", "were", "shifting", "their", "portfolios", "and", "buying", "long-term", "bonds", "while", "selling", "shorter-term", "Treasurys", ".", "Short-term", "Treasury", "securities", "ended", "narrowly", "mixed", ",", "with", "two-year", "notes", "posting", "slight", "declines", "while", "three-year", "notes", "were", "slightly", "higher", ".", "Yesterday", ",", "the", "Fed", "executed", "four-day", "matched", "sales", ",", "a", "technical", "trading", "operation", "designed", "to", "drain", "reserves", "from", "the", "banking", "system", ".", "The", "move", "was", "interpreted", "by", "some", "economists", "as", "a", "sign", "that", "the", "Fed", "does", "n't", "want", "the", "federal", "funds", "rate", "to", "move", "any", "lower", "than", "the", "8", "3/4", "%", "at", "which", "it", "has", "been", "hovering", "around", "during", "the", "past", "week", ".", "The", "closely", "watched", "funds", "rate", "is", "what", "banks", "charge", "each", "other", "on", "overnight", "loans", ".", "It", "is", "considered", "an", "early", "signal", "of", "Fed", "credit", "policy", "changes", ".", "``", "The", "fact", "that", "they", "did", "four-day", "matched", "sales", "means", "they", "are", "not", "in", "a", "mood", "to", "ease", "aggressively", ".", "They", "are", "telling", "us", "that", "-LCB-", "8", "3/4", "%", "-RCB-", "is", "as", "low", "as", "they", "want", "to", "see", "the", "fed", "funds", "rate", ",", "''", "said", "Robert", "Chandross", "at", "Lloyds", "Bank", "PLC", ".", "Treasury", "Securities", "The", "benchmark", "30-year", "bond", "was", "quoted", "late", "at", "a", "price", "of", "101", "25/32", "to", "yield", "7.955", "%", ",", "compared", "with", "100", "29/32", "to", "yield", "8.032", "%", "Wednesday", ".", "The", "latest", "10-year", "notes", "were", "quoted", "late", "at", "100", "9/32", "to", "yield", "7.937", "%", ",", "compared", "with", "99", "26/32", "to", "yield", "8.007", "%", ".", "Short-term", "rates", "rose", "yesterday", ".", "The", "discount", "rate", "on", "three-month", "Treasury", "bills", "rose", "to", "7.56", "%", "from", "7.51", "%", "Wednesday", ",", "while", "the", "rate", "on", "six-month", "bills", "rose", "to", "7.57", "%", "from", "7.53", "%", ".", "Meanwhile", ",", "the", "Treasury", "sold", "$", "9.75", "billion", "of", "52-week", "bills", "yesterday", ".", "The", "average", "yield", "on", "the", "bills", "was", "7.35", "%", ",", "down", "from", "7.61", "%", "at", "the", "previous", "52-week", "bill", "auction", "Sept.", "21", ".", "Yesterday", "'s", "yield", "was", "the", "lowest", "since", "7.22", "%", "on", "July", "27", ".", "Here", "are", "details", "of", "the", "auction", ":", "Rates", "are", "determined", "by", "the", "difference", "between", "the", "purchase", "price", "and", "face", "value", ".", "Thus", ",", "higher", "bidding", "narrows", "the", "investor", "'s", "return", "while", "lower", "bidding", "widens", "it", ".", "The", "percentage", "rates", "are", "calculated", "on", "a", "360-day", "year", ",", "while", "the", "coupon-equivalent", "yield", "is", "based", "on", "a", "365-day", "year", ".", "Corporate", "Issues", "Junk", "bond", "price", "climbed", "yesterday", "despite", "skittishness", "in", "the", "new-issue", "market", "for", "high-yield", "securities", ".", "Dealers", "said", "junk", "bond", "issues", "on", "average", "were", "up", "by", "1/4", "to", "1/2", "point", "with", "so-called", "quality", "issues", "from", "RJR", "Capital", "Holdings", "Corp.", "and", "Petrolane", "Gas", "Service", "Limited", "Partnership", "posting", "one-point", "gains", ".", "Petrolane", "Gas", "Service", "'s", "13", "1/4", "%", "debentures", "traded", "at", "102", ",", "after", "trading", "around", "par", "earlier", "this", "week", ",", "and", "RJR", "'s", "13", "1/2", "%", "subordinated", "debentures", "of", "2001", "were", "at", "101", "5/8", "after", "trading", "at", "below", "par", "earlier", "this", "week", ".", "Investment-grade", "bonds", "were", "unchanged", ".", "Municipals", "Activity", "was", "brisk", "in", "the", "high-grade", "general", "obligation", "market", ",", "as", "a", "series", "of", "sell", "lists", "hit", "the", "Street", "and", "capped", "upward", "price", "movement", "in", "the", "sector", ".", "Traders", "estimated", "that", "more", "than", "$", "140", "million", "of", "high-grade", "bonds", "was", "put", "up", "for", "sale", "via", "bid-wanted", "lists", "circulated", "by", "a", "handful", "of", "major", "brokers", ".", "There", "was", "speculation", "that", "the", "supply", "was", "coming", "from", "a", "commercial", "bank", "'s", "portfolios", ".", "According", "to", "market", "participants", ",", "the", "bonds", "were", "met", "with", "decent", "bids", ",", "but", "the", "volume", "of", "paper", "left", "high", "grades", "in", "the", "10-year", "and", "under", "maturity", "range", "unchanged", "to", "0.05", "percentage", "point", "higher", "in", "yield", ".", "Away", "from", "the", "general", "obligation", "sector", ",", "activity", "was", "modest", ".", "Long", "dollar", "bonds", "were", "flat", "to", "up", "3/8", "point", ".", "New", "Jersey", "Turnpike", "Authority", "'s", "7.20", "%", "issue", "of", "2018", "was", "up", "3/8", "at", "98", "3/8", "bid", "to", "yield", "about", "7.32", "%", ",", "down", "0.03", "percentage", "point", ".", "The", "debt", "of", "some", "California", "issuers", "pulled", "off", "lows", "reached", "after", "Tuesday", "'s", "massive", "earthquake", ",", "although", "traders", "said", "market", "participants", "remained", "cautious", ".", "California", "expects", "to", "rely", "on", "federal", "emergency", "funds", "and", "its", "$", "1.06", "billion", "in", "general", "fund", "reserves", "to", "meet", "the", "estimated", "$", "500", "million", "to", "$", "1", "billion", "in", "damages", "resulting", "from", "the", "quake", ",", "according", "to", "a", "state", "official", ".", "It", "'s", "also", "unclear", "precisely", "how", "the", "state", "will", "rebuild", "its", "reserve", ",", "said", "Cindy", "Katz", ",", "assistant", "director", "of", "California", "'s", "department", "of", "finance", ",", "although", "she", "noted", "that", "a", "bond", "offering", "for", "that", "purpose", "is", "n't", "anticipated", ".", "Meanwhile", ",", "new", "issuance", "was", "slow", ".", "The", "largest", "sale", "in", "the", "competitive", "arena", "was", "a", "$", "55.7", "million", "issue", "of", "school", "financing", "bonds", "from", "the", "Virginia", "Public", "School", "Authority", ".", "A", "balance", "of", "$", "25.8", "million", "remained", "in", "late", "order-taking", ",", "according", "to", "the", "lead", "manager", ".", "Mortgage-Backed", "Securities", "Mortgage", "securities", "generally", "ended", "6/32", "to", "9/32", "point", "higher", ",", "but", "lagged", "gains", "in", "the", "Treasury", "market", "because", "of", "a", "shift", "in", "the", "shape", "of", "the", "Treasury", "yield", "curve", "and", "rumored", "mortgage", "sales", "by", "thrifts", ".", "Premium", "Government", "National", "Mortgage", "Association", "securities", "with", "coupon", "rates", "of", "13", "%", "and", "higher", "actually", "declined", "amid", "concerns", "about", "increased", "prepayments", "because", "of", "a", "plan", "being", "considered", "by", "Congress", "to", "speed", "the", "refinancing", "of", "government-subsidized", "mortgages", ".", "Ginnie", "Mae", "13", "%", "securities", "were", "down", "about", "1/4", "at", "109", "30/32", ".", "If", "the", "refinancing", "plan", "clears", "Congress", ",", "there", "could", "be", "fairly", "heavy", "prepayments", "on", "the", "premium", "securities", ",", "hurting", "any", "investor", "paying", "much", "above", "par", "for", "them", ".", "In", "the", "current-coupon", "sector", ",", "a", "shift", "in", "the", "Treasury", "yield", "curve", "resulting", "from", "the", "better", "performance", "of", "long-dated", "issues", "over", "short-dated", "securities", "hurt", "major", "coupons", "because", "it", "will", "become", "more", "difficult", "to", "structure", "new", "derivative", "securities", "offerings", ".", "Ginnie", "Mae", "9", "%", "securities", "ended", "at", "98", "6/32", ",", "up", "9/32", ",", "and", "Federal", "Home", "Loan", "Mortgage", "Corp.", "9", "%", "securities", "were", "at", "97", "10/32", ",", "up", "6/32", ".", "The", "Ginnie", "Mae", "9", "%", "issue", "was", "yielding", "9.42", "%", "to", "a", "12-year", "average", "life", "assumption", ",", "as", "the", "spread", "above", "the", "Treasury", "10-year", "note", "widened", "0.03", "percentage", "point", "to", "1.48", ".", "While", "Remic", "issuance", "may", "slow", "in", "the", "coming", "days", "because", "of", "the", "shift", "in", "the", "Treasury", "yield", "curve", ",", "underwriters", "continued", "to", "crank", "out", "new", "real", "estate", "mortgage", "investment", "conduits", "structured", "when", "the", "yield", "curve", "was", "more", "favorable", ".", "Two", "new", "Remics", "totaling", "$", "900", "million", "were", "announced", "by", "Freddie", "Mac", "yesterday", ".", "Foreign", "Bonds", "British", "government", "bonds", "ended", "little", "changed", "as", "investors", "awaited", "an", "economic", "policy", "address", "last", "night", "by", "Chancellor", "of", "the", "Exchequer", "Nigel", "Lawson", ".", "The", "Treasury", "11", "3/4", "%", "bond", "due", "2003/2007", "was", "down", "2/32", "at", "111", "29/32", "to", "yield", "10.09", "%", ",", "while", "the", "11", "3/4", "%", "notes", "due", "1991", "were", "unchanged", "at", "98", "19/32", "to", "yield", "12.94", "%", ".", "In", "Japan", ",", "the", "bellwether", "No.", "111", "4.6", "%", "bond", "of", "1998", "ended", "off", "0.03", "at", "95.72", ",", "to", "yield", "5.32", "%", ",", "and", "in", "West", "Germany", ",", "the", "7", "%", "benchmark", "issue", "due", "October", "1999", "ended", "0.05", "point", "lower", "at", "99.85", "to", "yield", "7.02", "%", "." ]
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"from", "an", "originally", "planned", "$", "500", "million", ".", "Detroit", "--", "$", "130", "million", "of", "general", "obligation", "distributable", "state", "aid", "bonds", "due", "1991-2000", "and", "2009", ",", "tentatively", "priced", "by", "a", "Chemical", "Securities", "Inc.", "group", "to", "yield", "from", "6.20", "%", "in", "1991", "to", "7.272", "%", "in", "2009", ".", "There", "is", "$", "81.8", "million", "of", "7.20", "%", "term", "bonds", "due", "2009", "priced", "at", "99", "1/4", "to", "yield", "7.272", "%", ".", "Serial", "bonds", "are", "priced", "to", "yield", "from", "6.20", "%", "in", "1991", "to", "7", "%", "in", "2000", ".", "The", "bonds", "are", "insured", "and", "triple-A-rated", ".", "Santa", "Ana", "Community", "Redevelopment", "Agency", ",", "Calif.", "--", "$", "107", "million", "of", "tax", "allocation", "bonds", ",", "1989", "Series", "A-D", ",", "due", "1991-1999", ",", "2009", "and", "2019", ",", "tentatively", "priced", "by", "a", "Donaldson", 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[ "Hardly", "a", "day", "passes", "without", "news", "photos", "of", "the", "police", "dragging", "limp", "protesters", "from", "some", "building", "or", "thoroughfare", "in", "one", "of", "our", "cities", ".", "Of", "recent", "note", "are", "the", "activities", "of", "the", "pro-", "and", "anti-abortionists", ",", "anti-nuclear", "activists", ",", "animal", "rights", "protesters", ",", "college", "students", "concerned", "about", "racism", ",", "anti-apartheid", "groups", ",", "various", "self-styled", "``", "environmentalists", "''", "and", "those", "dissatisfied", "with", "the", "pace", "of", "the", "war", "against", "AIDS", ".", "Maybe", "he", "did", "n't", "start", "it", ",", "but", "Mohandas", "Gandhi", "certainly", "provided", "a", "recognizable", "beginning", "to", "non-violent", "civil", "disobedience", "as", "we", "know", "it", "today", ".", "The", "Mahatma", ",", "or", "``", "great", "souled", "one", ",", "''", "instigated", "several", "campaigns", "of", "passive", "resistance", "against", "the", "British", "government", "in", "India", ".", "Unfortunately", ",", "according", "to", "Webster", "'s", "Biographical", "Dictionary", ",", "``", "His", "policies", "went", "beyond", "his", "control", "and", "resulted", "...", "in", "riots", "and", "disturbances", "''", "and", "later", "a", "renewed", "campaign", "of", "civil", "disobedience", "``", "resulted", "in", "rioting", "and", "a", "second", "imprisonment", ".", "''", "I", "am", "not", "a", "proponent", "of", "everything", "Gandhi", "did", ",", "but", "some", "of", "his", "law", "breaking", "was", "justified", "because", "India", "was", "then", "under", "occupation", "by", "a", "foreign", "power", ",", "and", "Indians", "were", "not", "able", "to", "participate", "fully", "in", "decisions", "that", "vitally", "affected", "them", ".", "It", "is", "difficult", ",", "however", ",", "to", "justify", "civil", "disobedience", ",", "non-violent", "or", "not", ",", "where", "citizens", "have", "full", "recourse", "to", "the", "ballot", "box", "to", "effect", "change", ".", "Where", "truly", "representative", "governments", "are", "safeguarded", "by", "constitutional", "protections", "of", "human", "rights", "and", "an", "independent", "judiciary", "to", "construe", "those", "rights", ",", "there", "is", "no", "excuse", "for", "breaking", "the", "law", "because", "some", "individual", "or", "group", "disagrees", "with", "it", ".", "There", "may", "be", "a", "few", "cases", "where", "the", "law", "breaking", "is", "well", "pinpointed", "and", "so", "completely", "non-invasive", "of", "the", "rights", "of", "others", "that", "it", "is", "difficult", "to", "criticize", "it", ".", "The", "case", "of", "Rosa", "Parks", ",", "the", "black", "woman", "who", "refused", "to", "sit", "at", "the", "back", "of", "the", "bus", ",", "comes", "to", "mind", "as", "an", "illustration", ".", "But", "most", "cases", "of", "non-violent", "civil", "disobedience", "are", "not", "nearly", "so", "benign", ".", "The", "public", "has", "a", "tendency", "to", "equate", "lawful", "demonstrations", "with", "non-violent", "civil", "disobedience", ".", "It", "is", "true", "that", "both", "are", "non-violent", ",", "but", "there", "is", "a", "fundamental", "difference", "between", "them", ".", "Lawful", "demonstrations", ",", "such", "as", "peaceful", "picketing", "and", "other", "assemblages", "that", "do", "not", "disturb", "the", "peace", "or", "cause", "a", "public", "nuisance", "or", "interfere", "with", "the", "rights", "of", "others", ",", "are", "rights", "guaranteed", "by", "any", "truly", "free", "system", "of", "government", ".", "Civil", "disobedience", ",", "violent", "or", "non-violent", ",", "is", "intentional", "law", "breaking", ".", "The", "subject", "of", "this", "discussion", "is", "non-violent", "civil", "disobedience", ";", "but", ",", "before", "we", "get", "on", "with", "that", ",", "let", "me", "make", "just", "a", "few", "tangential", "remarks", "about", "lawful", "demonstrations", ".", "They", "are", "useful", "to", "call", "public", "attention", "to", "grievances", ",", "but", "they", "have", "little", "value", "in", "educating", "anyone", "about", "the", "issues", "in", "dispute", ".", "The", "delight", "of", "television", "in", "dramatic", "confrontation", "encourages", "overuse", "of", "slogans", "chanted", "through", "bullhorns", ",", "militant", "gestures", ",", "accusatory", "signs", "and", "other", "emotionally", "inspired", "tactics", ".", "Civilized", "discourse", "and", "an", "environment", "where", "compromise", "can", "begin", "are", "lost", "in", "a", "hostile", "posture", "abetted", "by", "superficial", "media", "interviews", ".", "At", "best", ",", "demonstrations", "are", "overused", "and", "boringly", "uninformative", ";", "at", "worst", ",", "they", "can", "become", "the", "stimuli", "that", "lead", "to", "law", "breaking", ".", "Demonstrations", "are", "particularly", "apt", "to", "degenerate", "into", "criminal", "conduct", "when", "they", "leave", "the", "site", "of", "the", "grievance", "and", "become", "mobile", ".", "Petty", "criminals", "and", "street", "people", "looking", "for", "excitement", "attach", "themselves", "like", "remora", "to", "the", "fringes", "of", "the", "crowd", "and", "use", "the", "protest", "as", "an", "excuse", "for", "rock", "throwing", ",", "auto", "trashing", ",", "arson", ",", "window", "breaking", ",", "looting", ",", "pocket", "picking", "and", "general", "hooliganism", ".", "Soon", "the", "whole", "purpose", "of", "the", "demonstration", "is", "lost", "in", "mob", "mania", ".", "There", "are", "better", "ways", "to", "promote", "a", "cause", ".", "Where", "non-violent", "civil", "disobedience", "is", "the", "centerpiece", ",", "rather", "than", "a", "lawful", "demonstration", "that", "may", "only", "attract", "crime", ",", "it", "is", "difficult", "to", "justify", ".", "Some", "find", "no", "harm", "in", "the", "misdemeanors", "of", "trespass", ",", "minor", "property", "destruction", ",", "blocking", "traffic", "and", "the", "like", ".", "They", "say", "these", "are", "small", "prices", "to", "pay", "for", "galvanizing", "action", "for", "the", "all-important", "cause", ".", "The", "crimes", "may", "appear", "small", ",", "but", "the", "prices", "can", "be", "huge", ".", "Here", "are", "two", "cases", "to", "illustrate", ".", "Assume", "a", "neighborhood", "demonstration", "to", "protest", "speeding", "on", "a", "certain", "road", "or", "a", "careless", "accident", "involving", "a", "police", "car", ".", "The", "protesters", "lie", "down", "in", "the", "street", ",", "blocking", "traffic", ",", "and", "will", "not", "move", "until", "the", "authorities", "carry", "them", "away", ".", "Assume", "that", "someone", "caught", "in", "the", "jam", "has", "a", "heart", "attack", ".", "There", "is", "no", "way", "to", "get", "an", "ambulance", "in", "quickly", "to", "move", "him", "to", "a", "hospital", ".", "He", "dies", ".", "The", "demonstration", "was", "non-violent", "and", "involved", "only", "a", "simple", "misdemeanor", ",", "but", "its", "impact", "on", "that", "individual", "was", "violent", "and", "terminal", ".", "Assume", "that", "a", "TV", "network", "is", "airing", "a", "celebrity", "interview", "program", "with", "a", "live", "audience", ".", "The", "politician", "appearing", "is", "highly", "controversial", "and", "has", "recently", "generated", "a", "good", "deal", "of", "rancor", "amid", "certain", "groups", ".", "In", "a", "planned", "protest", "against", "his", "appearance", ",", "several", "members", "of", "the", "studio", "audience", "chain", "themselves", "in", "front", "of", "the", "TV", "cameras", "in", "such", "a", "way", "that", "the", "program", "can", "not", "continue", ".", "The", "network", "must", "refund", "money", "to", "the", "advertisers", "and", "loses", "considerable", "revenue", "and", "prestige", ".", "The", "demonstrators", "have", "been", "non-violent", ",", "but", "the", "result", "of", "their", "trespasses", "has", "been", "to", "seriously", "impair", "the", "rights", "of", "others", "unconnected", "with", "their", "dispute", ".", "It", "might", "be", "alleged", "that", "TV", "has", "done", "more", "than", "its", "share", "to", "popularize", "and", "promote", "non-violent", "civil", "disobedience", ",", "so", "the", "second", "situation", "hypothesized", "above", "would", "be", "simply", "a", "case", "of", "``", "chickens", "coming", "home", "to", "roost", ".", "''", "Or", "maybe", "the", "TV", "network", "would", "lose", "nothing", ".", "Geraldo", "or", "Phil", "would", "probably", "pull", "up", "another", "camera", "and", "interview", "the", "chained", "protesters", ".", "Let", "us", "look", "for", "a", "moment", "at", "another", "type", "of", "non-violent", "civil", "disobedience", "that", "only", "harms", "other", "people", "indirectly", ",", "yet", "does", "irreparable", "damage", "to", "the", "nation", "as", "a", "whole", ".", "I", "am", "referring", "to", "those", "young", "men", "who", "chose", "to", "disobey", "their", "country", "'s", "call", "to", "arms", "during", "the", "Vietnam", "war", "and", "fled", "to", "Canada", "or", "some", "other", "sanctuary", "to", "avoid", "combat", ".", "Their", "cowardly", "acts", "of", "civil", "disobedience", ",", "which", "they", "tried", "to", "hide", "under", "the", "cloak", "of", "outrage", "at", "a", "war", "they", "characterized", "as", "``", "immoral", ",", "''", "weakened", "the", "national", "fabric", "and", "threw", "additional", "burdens", "on", "those", "who", "served", "honorably", "in", "that", "conflict", ".", "Even", "more", "at", "fault", "are", "those", "leaders", "in", "and", "out", "of", "government", "who", "urged", "and", "supported", "their", "defections", ",", "thereby", "giving", "great", "help", "and", "comfort", "to", "the", "enemy", "propagandists", ".", "It", "is", "amazing", "that", "the", "ensuing", "mass", "executions", "in", "Vietnam", "and", "Cambodia", "do", "not", "weight", "more", "heavily", "on", "minds", "so", "morally", "fine-tuned", ".", "Worse", ",", "it", "remained", "to", "a", "well-meaning", "but", "naive", "president", "of", "the", "United", "States", "to", "administer", "the", "final", "infamy", "upon", "those", "who", "fought", "and", "died", "in", "Vietnam", ".", "Under", "the", "guise", "of", "``", "healing", "the", "wounds", "of", "the", "nation", ",", "''", "President", "Carter", "pardoned", "thousands", "of", "draft", "evaders", ",", "thus", "giving", "dignity", "to", "their", "allegations", "of", "the", "war", "'s", "``", "immorality", ".", "''", "The", "precedent", "having", "been", "set", ",", "who", "can", "complain", "if", "future", "generations", "called", "upon", "to", "defend", "the", "U.S.", "yield", "to", "the", "temptation", "to", "avoid", "the", "danger", "of", "combat", "by", "simply", "declaring", "the", "war", "immoral", "and", "hiding", "until", "it", "is", "over", "?", "Finally", ",", "I", "think", "it", "important", "to", "point", "out", "the", "extraordinarily", "high", "visibility", "of", "non-violent", "civil", "disobedience", "in", "these", "days", "of", "intensive", "media", "coverage", ".", "Give", "television", "a", "chance", "to", "cover", "live", "any", "breaking", "of", "the", "law", ",", "and", "no", "second", "invitation", "will", "be", "required", ".", "This", "brings", "into", "question", "the", "motives", "of", "those", "who", "lead", "civil", "disobedience", "demonstrations", ".", "Do", "they", "want", "the", "spotlight", "for", "themselves", "or", "for", "their", "cause", "?", "Here", "is", "a", "good", "rule", "of", "thumb", ":", "If", "the", "movement", "produced", "the", "leader", ",", "the", "chance", "that", "he", "is", "sincere", "is", "much", "greater", "than", "if", "the", "leader", "produced", "the", "movement", ".", "In", "either", "case", ",", "ask", "yourself", "whether", "you", "have", "become", "better", "informed", "on", "the", "issues", "under", 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[ "Beauty", "Takes", "Backseat", "To", "Safety", "on", "Bridges", "EVERYONE", "AGREES", "that", "most", "of", "the", "nation", "'s", "old", "bridges", "need", "to", "be", "repaired", "or", "replaced", ".", "But", "there", "'s", "disagreement", "over", "how", "to", "do", "it", ".", "Highway", "officials", "insist", "the", "ornamental", "railings", "on", "older", "bridges", "are", "n't", "strong", "enough", "to", "prevent", "vehicles", "from", "crashing", "through", ".", "But", "other", "people", "do", "n't", "want", "to", "lose", "the", "bridges", "'", "beautiful", ",", "sometimes", "historic", ",", "features", ".", "``", "The", "primary", "purpose", "of", "a", "railing", "is", "to", "contain", "a", "vehicle", "and", "not", "to", "provide", "a", "scenic", "view", ",", "''", "says", "Jack", "White", ",", "a", "planner", "with", "the", "Indiana", "Highway", "Department", ".", "He", "and", "others", "prefer", "to", "install", "railings", "such", "as", "the", "``", "type", "F", "safety", "shape", ",", "''", "a", "four-foot-high", "concrete", "slab", "with", "no", "openings", ".", "In", "Richmond", ",", "Ind.", ",", "the", "type", "F", "railing", "is", "being", "used", "to", "replace", "arched", "openings", "on", "the", "G", "Street", "Bridge", ".", "Garret", "Boone", ",", "who", "teaches", "art", "at", "Earlham", "College", ",", "calls", "the", "new", "structure", "``", "just", "an", "ugly", "bridge", "''", "and", "one", "that", "blocks", "the", "view", "of", "a", "new", "park", "below", ".", "In", "Hartford", ",", "Conn.", ",", "the", "Charter", "Oak", "Bridge", "will", "soon", "be", "replaced", ",", "the", "cast-iron", "medallions", "from", "its", "railings", "relegated", "to", "a", "park", ".", "Compromises", "are", "possible", ".", "Citizens", "in", "Peninsula", ",", "Ohio", ",", "upset", "over", "changes", "to", "a", "bridge", ",", "negotiated", "a", "deal", ":", "The", "bottom", "half", "of", "the", "railing", "will", "be", "type", "F", ",", "while", "the", "top", "half", "will", "have", "the", "old", "bridge", "'s", "floral", "pattern", ".", "Similarly", ",", "highway", "engineers", "agreed", "to", "keep", "the", "old", "railings", "on", "the", "Key", "Bridge", "in", "Washington", ",", "D.C.", ",", "as", "long", "as", "they", "could", "install", "a", "crash", "barrier", "between", "the", "sidewalk", "and", "the", "road", ".", "Tray", "Bon", "?", "Drink", "Carrier", "Competes", "With", "Cartons", "PORTING", "POTABLES", "just", "got", "easier", ",", "or", "so", "claims", "Scypher", "Corp.", ",", "the", "maker", "of", "the", "Cup-Tote", ".", "The", "Chicago", "company", "'s", "beverage", "carrier", ",", "meant", "to", "replace", "cardboard", "trays", "at", "concession", "stands", "and", "fast-food", "outlets", ",", "resembles", "the", "plastic", "loops", "used", "on", "six-packs", "of", "beer", ",", "only", "the", "loops", "hang", "from", "a", "web", "of", "strings", ".", "The", "new", "carrier", "can", "tote", "as", "many", "as", "four", "cups", "at", "once", ".", "Inventor", "Claire", "Marvin", "says", "his", "design", "virtually", "eliminates", "spilling", ".", "Lids", "are", "n't", "even", "needed", ".", "He", "also", "claims", "the", "carrier", "costs", "less", "and", "takes", "up", "less", "space", "than", "most", "paper", "carriers", ".", "A", "few", "fast-food", "outlets", "are", "giving", "it", "a", "try", ".", "The", "company", "acknowledges", "some", "problems", ".", "A", "driver", "has", "to", "find", "something", "to", "hang", "the", "carrier", "on", ",", "so", "the", "company", "supplies", "a", "window", "hook", ".", "While", "it", "breaks", "down", "in", "prolonged", "sunlight", ",", "it", "is", "n't", "recyclable", ".", "And", "unlike", "some", "trays", ",", "there", "'s", "no", "place", "for", "food", ".", "Spirit", "of", "Perestroika", "Touches", "Design", "World", "AN", "EXCHANGE", "of", "U.S.", "and", "Soviet", "designers", "promises", "change", "on", "both", "sides", ".", "An", "exhibition", "of", "American", "design", "and", "architecture", "opened", "in", "September", "in", "Moscow", "and", "will", "travel", "to", "eight", "other", "Soviet", "cities", ".", "The", "show", "runs", "the", "gamut", ",", "from", "a", "blender", "to", "chairs", "to", "a", "model", "of", "the", "Citicorp", "building", ".", "The", "event", "continues", "into", "next", "year", "and", "includes", "an", "exchange", "program", "to", "swap", "design", "teachers", "at", "Carnegie-Mellon", "and", "Leningrad", "'s", "Mutchin", "Institute", ".", "Dan", "Droz", ",", "leader", "of", "the", "Carnegie-Mellon", "group", ",", "sees", "benefits", "all", "around", ".", "The", "Soviets", ",", "who", "normally", "have", "few", "clients", "other", "than", "the", "state", ",", "will", "get", "``", "exposure", "to", "a", "market", "system", ",", "''", "he", "says", ".", "Americans", "will", "learn", "more", "about", "making", "products", "for", "the", "Soviets", ".", "Mr.", "Droz", "says", "the", "Soviets", "could", "even", "help", "U.S.", "designers", "renew", "their", "sense", "of", "purpose", ".", "``", "In", "Moscow", ",", "they", "kept", "asking", "us", "things", "like", ",", "`", "Why", "do", "you", "make", "15", "different", "corkscrews", ",", "when", "all", "you", "need", "is", "one", "good", "one", "?", "'", "''", "he", "says", ".", "``", "They", "got", "us", "thinking", "maybe", "we", "should", "be", "helping", "U.S.", "companies", "improve", "existing", "products", "rather", "than", "always", "developing", "new", "ones", ".", "''", "Seed", "for", "Jail", "Solution", "Fails", "to", "Take", "Root", "IT", "'S", "A", "TWO", "BIRDS", "with", "one", "stone", "deal", ":", "Eggers", "Group", "architects", "propose", "using", "grain", "elevators", "to", "house", "prisoners", ".", "It", "would", "ease", "jail", "overcrowding", "while", "preserving", "historic", "structures", ",", "the", "company", "says", ".", "But", "New", "York", "state", ",", "which", "is", "seeking", "solutions", "to", "its", "prison", "cell", "shortage", ",", "says", "``", "no", ".", "''", "Grain", "elevators", "built", "in", "the", "1920s", "and", "'30s", "have", "six-inch", "concrete", "walls", "and", "a", "tubular", "shape", "that", "would", "easily", "contain", "semicircular", "cells", "with", "a", "control", "point", "in", "the", "middle", ",", "the", "New", "York", "firm", "says", ".", "Many", "are", "far", "enough", "from", "residential", "areas", "to", "pass", "public", "muster", ",", "yet", "close", "enough", "to", "permit", "family", "visits", ".", "Besides", ",", "Eggers", "says", ",", "grain", "elevators", "are", "worth", "preserving", "for", "aesthetic", "reasons", "--", "one", "famed", "architect", "compared", "them", "to", "the", "pyramids", "of", "Egypt", ".", "A", "number", "of", "cities", "--", "including", "Minneapolis", ",", "Philadelphia", "and", "Houston", "--", "have", "vacant", "grain", "elevators", ",", "Eggers", "says", ".", "A", "medium-sized", "one", "in", "Brooklyn", ",", "it", "says", ",", "could", "be", "altered", "to", "house", "up", "to", "1,000", "inmates", "at", "a", "lower", "cost", "than", "building", "a", "new", "prison", "in", "upstate", "New", "York", ".", "A", "spokesman", "for", "the", "state", ",", "however", ",", "calls", "the", "idea", "``", "not", "effective", "or", "cost", "efficient", "." ]
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[ "Unisys", "Corp.", "'s", "announcement", "Friday", "of", "a", "$", "648.2", "million", "loss", "for", "the", "third", "quarter", "showed", "that", "the", "company", "is", "moving", "even", "faster", "than", "expected", "to", "take", "write-offs", "on", "its", "various", "problems", "and", "prepare", "for", "a", "turnaround", "next", "year", ".", "At", "the", "same", "time", ",", "the", "sheer", "size", "of", "the", "loss", ",", "coupled", "with", "a", "slowing", "of", "orders", ",", "made", "some", "securities", "analysts", "wonder", "just", "how", "strong", "that", "turnaround", "will", "be", "at", "the", "computer", "maker", "and", "defense-electronics", "concern", ".", "``", "Unisys", "is", "getting", "clobbered", ".", "Just", "clobbered", ",", "''", "said", "Ulric", "Weil", ",", "an", "analyst", "at", "Weil", "&", "Associates", "who", "had", "once", "been", "high", "on", "the", "company", ".", "``", "The", "quarter", "was", "terrible", ",", "and", "the", "future", "looks", "anything", "but", "encouraging", ".", "''", "Unisys", ",", "whose", "revenue", "inched", "up", "3.7", "%", "in", "the", "quarter", "to", "$", "2.35", "billion", "from", "$", "2.27", "billion", "in", "the", "year-earlier", "quarter", ",", "had", "an", "operating", "loss", "of", "about", "$", "30", "million", ".", "On", "top", "of", "that", ",", "the", "Blue", "Bell", ",", "Pa.", ",", "concern", "took", "a", "$", "230", "million", "charge", "related", "to", "the", "layoffs", "of", "8,000", "employees", ".", "That", "is", "at", "the", "high", "end", "of", "the", "range", "of", "7,000", "to", "8,000", "employees", "that", "Unisys", "said", "a", "month", "ago", "would", "be", "laid", "off", ".", "Unisys", "said", "that", "should", "help", "it", "save", "$", "500", "million", "a", "year", "in", "costs", ",", "again", "at", "the", "high", "end", "of", "the", "previously", "reported", "range", "of", "$", "400", "million", "to", "$", "500", "million", ".", "The", "company", "also", "took", "a", "write-off", "of", "$", "150", "million", "to", "cover", "losses", "on", "some", "fixed-price", "defense", "contracts", ",", "as", "some", "new", "managers", "took", "a", "hard", "look", "at", "the", "prospects", "for", "that", "slow-growing", "business", ".", "In", "addition", ",", "Unisys", "set", "up", "an", "unspecified", "reserve", "--", "apparently", "$", "60", "million", "to", "$", "70", "million", "--", "to", "cover", "the", "minimum", "amount", "it", "will", "have", "to", "pay", "the", "government", "because", "of", "its", "involvement", "in", "the", "defense-procurement", "scandal", ".", "Unisys", "also", "noted", "that", "it", "paid", "$", "78.8", "million", "in", "taxes", "during", "the", "quarter", ",", "even", "though", "tax", "payments", "normally", "would", "be", "minimal", "in", "a", "quarter", "that", "produced", "such", "a", "big", "loss", ".", "The", "tax", "payments", "will", "leave", "Unisys", "with", "$", "225", "million", "in", "loss", "carry-forwards", "that", "will", "cut", "tax", "payments", "in", "future", "quarters", ".", "In", "addition", ",", "Unisys", "said", "it", "reduced", "computer", "inventories", "a", "further", "$", "100", "million", "during", "the", "quarter", ",", "leaving", "it", "within", "$", "100", "million", "of", "its", "goal", "of", "a", "reduction", "of", "$", "500", "million", "by", "the", "end", "of", "the", "year", ".", "Still", ",", "Unisys", "said", "its", "European", "business", "was", "weak", "during", "the", "quarter", ",", "a", "worrisome", "sign", "given", "that", "the", "company", "has", "relied", "on", "solid", "results", "overseas", "to", "overcome", "weakness", "in", "the", "U.S.", "over", "the", "past", "several", "quarters", ".", "The", "company", "also", "reported", "slower", "growth", "in", "another", "important", "business", ":", "systems", "that", "use", "the", "Unix", "operating", "system", ".", "That", "would", "be", "a", "huge", "problem", "if", "it", "were", "to", "continue", ",", "because", "Unisys", "is", "betting", "its", "business", "on", "the", "assumption", "that", "customers", "want", "to", "move", "away", "from", "using", "operating", "systems", "that", "run", "on", "only", "one", "manufacturer", "'s", "equipment", "and", "toward", "systems", "--", "mainly", "Unix", "--", "that", "work", "on", "almost", "anyone", "'s", "machines", ".", "In", "addition", ",", "Unisys", "must", "deal", "with", "its", "increasingly", "oppressive", "debt", "load", ".", "Debt", "has", "risen", "to", "around", "$", "4", "billion", ",", "or", "about", "50", "%", "of", "total", "capitalization", ".", "That", "means", "Unisys", "must", "pay", "about", "$", "100", "million", "in", "interest", "every", "quarter", ",", "on", "top", "of", "$", "27", "million", "in", "dividends", "on", "preferred", "stock", ".", "Jim", "Unruh", ",", "Unisys", "'s", "president", ",", "said", "he", "is", "approaching", "next", "year", "with", "caution", ".", "He", "said", "the", "strength", "of", "the", "world-wide", "economy", "is", "suspect", ",", "and", "does", "n't", "see", "much", "revenue", "growth", "in", "the", "cards", ".", "He", "also", "said", "that", "the", "price", "wars", "flaring", "up", "in", "parts", "of", "the", "computer", "industry", "will", "continue", "through", "next", "year", ".", "He", "said", "the", "move", "toward", "standard", "operating", "systems", "means", "customers", "are", "n't", "locked", "into", "buying", "from", "their", "traditional", "computer", "supplier", "and", "can", "force", "prices", "down", ".", "That", ",", "he", "said", ",", "is", "why", "Unisys", "is", "overhauling", "its", "whole", "business", ":", "It", "needs", "to", "prepare", "for", "a", "world", "in", "which", "profit", "margins", "will", "be", "lower", "than", "computer", "companies", "have", "been", "used", "to", ".", "``", "We", "'ve", "approached", "this", "not", "as", "a", "response", "to", "a", "temporary", "condition", "in", "the", "industry", "but", "as", "a", "fundamental", "change", "the", "industry", "is", "going", "through", ",", "''", "Mr.", "Unruh", "said", ".", "``", "The", "information-systems", "industry", "is", "still", "going", "to", "be", "a", "high-growth", "business", ",", "and", "we", "'re", "confident", "that", "we", "have", "tremendous", "assets", "as", "a", "company", ".", "But", "we", "do", "n't", "minimize", "the", "challenges", "of", "the", "near", "term", ".", "''", "Securities", "analysts", "were", "even", "more", "cautious", ",", "having", "been", "burned", "repeatedly", "on", "Unisys", "this", "year", ".", "Some", "had", "predicted", "earnings", "of", "more", "than", "$", "4", "a", "share", "for", "this", "year", ",", "up", "from", "last", "year", "'s", "fully", "diluted", "$", "3.27", "a", "share", "on", "earnings", "of", "$", "680.6", "million", ".", "But", "the", "company", "said", "Friday", "that", "it", "had", "losses", "of", "$", "673.3", "million", "through", "the", "first", "nine", "months", ",", "compared", "with", "earnings", "a", "year", "earlier", "of", "$", "382.2", "million", ",", "or", "$", "2.22", "a", "share", "fully", "diluted", ",", "as", "revenue", "inched", "up", "1.4", "%", "to", "$", "7.13", "billion", "from", "$", "7.03", "billion", ".", "And", "Unisys", "is", "expected", "to", "do", "little", "better", "than", "break", "even", "in", "the", "fourth", "quarter", ".", "So", "Steve", "Milunovich", "at", "First", "Boston", "said", "he", "is", "cutting", "his", "earnings", "estimate", "for", "next", "year", "to", "$", "2", "a", "share", "from", "$", "3", ".", "``", "I", "was", "feeling", "like", "I", "was", "too", "high", "to", "begin", "with", ",", "''", "he", "said", ".", "Mr.", "Weil", "of", "Weil", "&", "Associates", "said", "he", "will", "remain", "at", "$", "1", "a", "share", "for", "next", "year", "but", "said", "he", "wonders", "whether", "even", "that", "low", "target", "is", "at", "risk", ".", "``", "The", "break-even", "point", "for", "next", "year", "is", "much", "lower", ",", "but", "is", "it", "low", "enough", "?", "''", "he", "asked", ".", "Reflecting", "the", "concern", ",", "Unisys", "stock", "fell", "a", "further", "75", "cents", "to", "$", "16.25", "in", "composite", "trading", "Friday", "on", "the", "New", "York", "Stock", "Exchange", "." ]
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"advmod", "dep", "nmod", "case", "dep", "compound", "compound", "dep", "nmod", "compound", "nummod", "punct", "det", "nsubj", "advmod", "root", "det", "obj", "case", "nmod", "compound", "nummod", "mark", "advcl", "obj", "case", "det", "amod", "compound", "nmod", "punct", "mark", "det", "amod", "nsubj", "advcl", "det", "amod", "obj", "case", "det", "nmod", "case", "det", "amod", "nmod", "punct", "case", "obl", "punct", "nsubj", "root", "compound:prt", "det", "amod", "obj", "punct", "dep", "dep", "compound", "compound", "dep", "dep", "compound", "nummod", "punct", "mark", "advcl", "det", "amod", "obj", "nsubj", "aux", "acl:relcl", "mark", "xcomp", "det", "obj", "case", "fixed", "nmod:poss", "obl", "case", "det", "compound", "nmod", "punct", "nsubj", "advmod", "root", "mark", "nsubj", "ccomp", "obj", "compound", "nummod", "case", "nmod", "case", "det", "obl", "punct", "advmod", "mark", "compound", "nsubj", "advmod", "aux", "cop", "advcl", "case", "det", "obl", "nsubj", "acl:relcl", "det:predet", "det", "amod", "obj", "punct", "det", "compound", "nsubj", "aux", "root", "obj", "case", "obl", "compound", "nummod", "case", "compound", "nmod", "nsubj", "aux", "acl:relcl", "compound", "obj", "case", "amod", "obl", "punct", "case", "obl", "punct", "nsubj", "root", "nsubj", "ccomp", "compound", "iobj", "det", "amod", "obj", "compound", "nummod", "case", "det", "obl", "punct", "advcl", "xcomp", "case", "dep", "compound", "nummod", "case", "nmod:poss", "nmod", "case", "det", "nmod", "case", "nmod", "compound", "nummod", "case", "det", "nmod", "case", "det", "nmod", "punct", "advmod", "punct", "nsubj", "root", "nmod:poss", "amod", "nsubj", "cop", "ccomp", "case", "det", "obl", "punct", "det", "amod", "obl:npmod", "mark", "mark", "det", "nsubj", "aux", "acl", "case", "amod", "obl", "advmod", "mark", "xcomp", "obj", "case", "det", "nmod", "case", "det", "amod", "amod", "obl", "punct", "det", "nsubj", "advmod", "root", "amod", "obj", "case", "det", "amod", "nmod", "punct", "dep", "nsubj", "acl:relcl", "det", "compound", "amod", "obj", "punct", "nsubj", "aux", "cop", "det", "amod", "root", "mark", "nsubj", "advcl", "mark", "xcomp", "punct", "mark", "nsubj", "aux", "advcl", "nmod:poss", "obj", "case", "det", "obl", "mark", "nsubj", "ccomp", "mark", "xcomp", "advmod", "mark", "advcl", "amod", "obj", "nsubj", "acl:relcl", "case", "advmod", "nummod", "nmod:poss", "case", "obl", "cc", "case", "conj", "punct", "advmod", "dep", "punct", "nsubj", "acl:relcl", "case", "advmod", "nmod:poss", "case", "obl", "punct", "case", "obl", "punct", "nsubj", "aux", "root", "case", "nmod:poss", "advmod", "amod", "compound", "obl", "punct", "nsubj", "aux", "root", "case", "advmod", "obl", "compound", "nummod", "punct", "cc", "advmod", "nummod", "conj", "case", "amod", "nmod", "punct", "nsubj", "root", "nsubj", "aux", "ccomp", "advmod", "obj", "compound", "nummod", "case", "nmod", "det", "obl:tmod", "punct", "case", "obl", "case", "nmod", "compound", "nummod", "case", "nmod", "case", "amod", "nmod", "punct", "compound", "nsubj", "punct", "nmod:poss", "case", "appos", "punct", "root", "nsubj", "aux", "ccomp", "amod", "obl:tmod", "case", "obl", "punct", "nsubj", "root", "det", "nsubj", "case", "det", "amod", "nmod", "cop", "ccomp", "punct", "cc", "aux", "advmod", "conj", "amod", "compound", "obj", "case", "det", "nmod", "punct", "nsubj", "advmod", "root", "mark", "det", "compound", "nsubj", "acl", "advmod", "case", "obl", "case", "det", "compound", "nmod", "aux", "ccomp", "case", "amod", "obl", "punct", "nsubj", "root", "det", "nsubj", "case", "amod", "amod", "nmod", "ccomp", "nsubj:pass", "aux:pass", "advmod", "ccomp", "mark", "advcl", "case", "nmod:poss", "amod", "compound", "obl", "cc", "aux", "conj", "xcomp", "advmod", "punct", "nsubj", "punct", "nsubj", "parataxis", "punct", "root", "advmod", "nsubj", "aux", "advcl", "nmod:poss", "amod", "obj", "punct", "nsubj", "parataxis", "mark", "xcomp", "case", "det", "obl", "case", "obl", "compound", "nsubj", "aux", "cop", "acl:relcl", "mark", "compound", "nsubj:pass", "aux", "aux:pass", "ccomp", "xcomp", "punct", "punct", "nsubj", "aux", "ccomp", "obj", "advmod", "case", "det", "obl", "case", "det", "amod", "nmod", "case", "det", "nmod", "cc", "case", "det", "amod", "conj", "det", "nsubj", "aux", "acl:relcl", "obl", "punct", "punct", "compound", "nsubj", "root", "punct", "punct", "det", "compound", "nsubj", "aux", "advmod", "root", "mark", "cop", "det", "compound", "xcomp", "punct", "cc", "nsubj", "cop", "conj", "mark", "nsubj", "ccomp", "amod", "obj", "case", "det", "obl", "punct", "cc", "nsubj", "aux", "advmod", "root", "det", "obj", "case", "det", "amod", "nmod", "punct", "punct", "compound", "nsubj", "cop", "advmod", "advmod", "root", "punct", "aux", "aux:pass", "xcomp", "advmod", "case", "obl", "det", "obl:tmod", "punct", "nsubj", "aux", "root", "obj", "case", "advmod", "fixed", "nmod", "nummod", "det", "obl:npmod", "case", "det", "obl", "punct", "advmod", "case", "amod", "nmod:poss", "case", "advmod", "amod", "obl", "nummod", "det", "obl:npmod", "case", "nmod", "case", "nmod", "compound", "nummod", "punct", "cc", "det", "nsubj", "root", "obl:tmod", "mark", "nsubj", "ccomp", "obj", "case", "nmod", "compound", "nummod", "case", "det", "amod", "nummod", "obl", "punct", "case", "case", "advcl", "det", "obl:tmod", "advmod", "case", "nmod", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "advmod", "amod", "punct", "mark", "nsubj", "advcl", "advmod", "nummod", "obj", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "punct", "cc", "nsubj:pass", "aux:pass", "root", "mark", "xcomp", "advmod", "advmod", "mark", "advcl", "advmod", "case", "det", "amod", "obl", "punct", "dep", "compound", "nsubj", "case", "compound", "nmod", "root", "nsubj", "aux", "ccomp", "nmod:poss", "compound", "obj", "case", "amod", "nmod", "case", "obl", "nummod", "det", "obl:npmod", "case", "obl", "nummod", "punct", "punct", "nsubj", "aux", "ccomp", 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[ "The", "Berlin", "Wall", "still", "stands", ".", "But", "the", "man", "who", "built", "it", "has", "fallen", ".", "East", "Germany", "yesterday", "removed", "Erich", "Honecker", ",", "one", "of", "the", "staunchest", "holdouts", "against", "the", "reform", "rumbling", "through", "the", "Communist", "world", ",", "in", "an", "effort", "to", "win", "back", "the", "confidence", "of", "its", "increasingly", "rebellious", "citizens", ".", "But", "while", "it", "was", "a", "move", "that", "stunned", "the", "East", "bloc", ",", "it", "hardly", "ushers", "in", "an", "era", "of", "reform", "--", "at", "least", "anytime", "soon", ".", "For", "the", "Politburo", "replaced", "Mr.", "Honecker", ",", "who", "had", "led", "East", "Germany", "for", "18", "years", "and", "before", "that", "headed", "its", "security", "apparatus", ",", "with", "a", "man", "cut", "of", "the", "same", "cloth", ":", "Egon", "Krenz", ",", "the", "most", "recent", "internal-security", "chief", "and", "a", "longtime", "Honecker", "protege", ".", "East", "Germany", ",", "it", "is", "clear", ",", "is", "no", "Poland", ",", "where", "the", "Communist", "Party", "now", "shares", "power", "with", "the", "democratically", "elected", "Solidarity", "union", ".", "Nor", "is", "it", "a", "Hungary", ",", "where", "yesterday", "the", "parliament", "approved", "constitutional", "changes", "meant", "to", "help", "turn", "the", "Communist", "nation", "into", "a", "multiparty", "democracy", ".", "Still", ",", "any", "change", "in", "East", "Germany", "has", "enormous", "implications", ",", "for", "both", "East", "and", "West", ".", "It", "raises", "the", "long-cherished", "hopes", "of", "many", "Germans", "for", "reunification", "--", "a", "prospect", "that", "almost", "equally", "alarms", "political", "leaders", "in", "Moscow", ",", "Washington", "and", "Western", "Europe", ".", "Mr.", "Krenz", ",", "52", ",", "was", "named", "the", "new", "party", "chief", "just", "minutes", "after", "the", "Party", "'s", "163-member", "Central", "Committee", "convened", "in", "East", "Berlin", ".", "Although", "the", "East", "German", "news", "agency", "ADN", "claimed", "Mr.", "Honecker", "had", "asked", "to", "be", "relieved", "of", "his", "duties", "for", "``", "health", "reasons", ",", "''", "West", "German", "government", "sources", "said", "the", "26-man", "Politburo", "had", "asked", "for", "his", "resignation", "at", "a", "separate", "meeting", "late", "Tuesday", ".", "(", "Mr.", "Honecker", "was", "twice", "hospitalized", "this", "summer", "for", "a", "gall", "bladder", "ailment", "and", "his", "physical", "condition", "has", "been", "the", "subject", "of", "intense", "speculation", "in", "the", "Western", "media", ".", ")", "ADN", "said", "Mr.", "Honecker", ",", "a", "hard-line", "Stalinist", "who", "in", "1961", "supervised", "the", "construction", "of", "the", "Berlin", "Wall", ",", "also", "was", "relieved", "of", "his", "title", "as", "head", "of", "state", "and", "his", "position", "as", "chief", "of", "the", "military", ".", "Mr.", "Krenz", "is", "expected", "to", "be", "formally", "named", "to", "all", "three", "positions", "once", "the", "nation", "'s", "parliament", "convenes", "later", "this", "week", ".", "Mr.", "Honecker", "'s", "ignoble", "fall", "culminates", "nearly", "two", "decades", "of", "iron-handed", "leadership", "during", "which", "Mr.", "Honecker", ",", "now", "77", "years", "old", ",", "built", "East", "Germany", "into", "the", "most", "economically", "advanced", "nation", "in", "the", "Soviet", "bloc", ".", "His", "grip", "on", "power", "unraveled", "this", "summer", "as", "thousands", "of", "his", "countrymen", ",", "dissatisfied", "by", "the", "harshness", "of", "his", "rule", ",", "fled", "to", "the", "West", ".", "Thousands", "more", "have", "taken", "to", "the", "streets", "in", "the", "last", "month", "in", "East", "Germany", "'s", "largest", "wave", "of", "domestic", "unrest", "since", "a", "workers", "'", "uprising", "in", "1953", ".", "In", "Washington", ",", "the", "Bush", "administration", "took", "a", "characteristically", "cautious", "and", "skeptical", "view", "of", "the", "leadership", "change", ".", "The", "official", "line", "was", "to", "offer", "warmer", "ties", "to", "Mr.", "Krenz", ",", "provided", "he", "is", "willing", "to", "institute", "reforms", ".", "But", "U.S.", "officials", "have", "strong", "doubts", "that", "he", "is", "a", "reformer", ".", "President", "Bush", "told", "reporters", ":", "``", "Whether", "that", "-LCB-", "the", "leadership", "change", "-RCB-", "reflects", "a", "change", "in", "East-West", "relations", ",", "I", "do", "n't", "think", "so", ".", "Because", "Mr.", "Krenz", "has", "been", "very", "much", "in", "accord", "with", "the", "policies", "of", "Honecker", ".", "''", "One", "top", "U.S.", "expert", "on", "East", "Germany", "added", ":", "``", "There", "is", "no", "clear-cut", "champion", "of", "reform", ",", "that", "we", "know", "of", ",", "in", "the", "East", "German", "leadership", ".", "''", "Indeed", ",", "Mr.", "Krenz", "said", "on", "East", "German", "television", "last", "night", "that", "there", "will", "be", "no", "sharing", "of", "power", "with", "pro-democracy", "groups", ".", "He", "said", ",", "while", "dialogue", "is", "important", ",", "enough", "forums", "already", "exist", "``", "in", "which", "different", "interests", "''", "can", "express", "themselves", ".", "The", "removal", "of", "Mr.", "Honecker", "was", "apparently", "the", "result", "of", "bitter", "infighting", "within", "the", "top", "ranks", "of", "the", "Communist", "party", ".", "According", "to", "West", "German", "government", "sources", ",", "Mr.", "Honecker", "and", "several", "senior", "Politburo", "members", "fought", "over", "the", "last", "week", "to", "delay", "any", "decisions", "about", "a", "leadership", "change", ".", "But", ",", "with", "public", "demonstrations", "in", "the", "country", "growing", "in", "size", "and", "intensity", ",", "Mr.", "Honecker", "and", "several", "key", "allies", "lost", "out", "in", "this", "battle", ",", "officials", "say", ".", "Those", "allies", "included", "Politburo", "members", "Guenter", "Mittag", ",", "who", "has", "long", "headed", "economic", "affairs", ",", "and", "Joachim", "Hermann", ",", "chief", "of", "information", "policy", ".", "Both", "men", "were", "also", "relieved", "of", "their", "duties", "yesterday", ".", "Although", "other", "resignations", "may", "follow", ",", "it", "'s", "still", "not", "clear", "to", "what", "extent", "the", "change", "in", "party", "personnel", "will", "alter", "the", "government", "'s", "resistance", "to", "fundamental", "change", ".", "Clearly", ",", "the", "central", "figure", "in", "this", "process", "is", "Egon", "Krenz", ".", "Born", "in", "1937", "in", "a", "Baltic", "Sea", "town", "now", "part", "of", "Poland", ",", "he", "was", "eight", "years", "old", "when", "World", "War", "II", "ended", ".", "Like", "West", "German", "Chancellor", "Helmut", "Kohl", ",", "he", "represents", "the", "postwar", "generation", "that", "has", "grown", "up", "during", "Germany", "'s", "division", ".", "Since", "joining", "the", "Politburo", "in", "1983", "as", "its", "youngest", "member", ",", "Mr.", "Krenz", "had", "acquired", "the", "nickname", "``", "crown", "prince", ",", "''", "a", "reference", "to", "the", "widely", "held", "view", "that", "he", "was", "the", "hand-picked", "successor", "to", "Mr.", "Honecker", ".", "In", "fact", ",", "the", "two", "men", "have", "had", "strikingly", "similar", "career", "paths", ",", "both", "having", "served", "as", "chief", "of", "internal", "security", "before", "their", "rise", "to", "the", "top", "party", "position", ".", "Moreover", ",", "both", "men", "have", "hewn", "to", "a", "similar", "hard-line", "philosophy", ".", "Notably", ",", "one", "of", "Mr.", "Krenz", "'s", "few", "official", "visits", "overseas", "came", "a", "few", "months", "ago", ",", "when", "he", "visited", "China", "after", "the", "massacre", "in", "Beijing", ".", "He", "later", "defended", "the", "Chinese", "government", "'s", "response", "during", "a", "separate", "visit", "to", "West", "Germany", ".", "East", "German", "Protestantism", "in", "particular", "fears", "Mr.", "Krenz", ",", "in", "part", "because", "of", "an", "incident", "in", "January", "1988", "when", "he", "was", "believed", "to", "have", "ordered", "the", "arrest", "of", "hundreds", "of", "dissidents", "who", "had", "sought", "refuge", "in", "the", "Church", ".", "However", ",", "Mr.", "Krenz", "also", "has", "a", "reputation", "for", "being", "politically", "savvy", ".", "His", "shrewd", "ability", "to", "read", "the", "shifting", "popular", "mood", "in", "East", "Germany", "is", "best", "illustrated", "by", "his", "apparent", "break", "with", "his", "old", "mentor", ",", "Mr.", "Honecker", ".", "Indeed", ",", "according", "to", "West", "German", "government", "sources", ",", "he", "was", "one", "of", "the", "leaders", "in", "the", "power", "struggle", "that", "toppled", "Mr.", "Honecker", ".", "In", "recent", "days", ",", "Mr.", "Krenz", "has", "sought", "to", "project", "a", "kinder", "image", ".", "According", "to", "a", "report", "widely", "circulating", "in", "East", "Berlin", ",", "it", "was", "Mr.", "Krenz", "who", "ordered", "police", "to", "stop", "using", "excessive", "force", "against", "demonstrators", "in", "Leipzig", ".", "``", "He", "does", "n't", "want", "to", "have", "the", "image", "of", "the", "gun", "man", ",", "''", "says", "Fred", "Oldenburg", ",", "an", "expert", "at", "the", "Bonn-sponsored", "Institute", "of", "East", "European", "and", "International", "Studies", "in", "Cologne", ".", "``", "He", "'s", "not", "a", "reformer", "--", "he", "wants", "to", "have", "the", "image", "of", "a", "reformer", ".", "''", "As", "part", "of", "his", "image", "polishing", ",", "Mr.", "Krenz", "is", "expected", "to", "take", "modest", "steps", "toward", "reform", "to", "rebuild", "confidence", "among", "the", "people", "and", "reassert", "the", "party", "'s", "authority", ".", "Besides", "sacking", "other", "senior", "Politburo", "officials", "who", "allied", "themselves", "with", "Mr.", "Honecker", ",", "Mr.", "Krenz", "could", "loosen", "controls", "on", "the", "news", "media", ",", "free", "up", "travel", "restrictions", ",", "and", "establish", "a", "dialogue", "with", "various", "dissident", "groups", ".", "But", "will", "it", "be", "enough", "?", "West", "German", "government", "officials", "and", "Western", "analysts", "are", "doubtful", ".", "``", "He", "does", "n't", "signify", "what", "people", "want", ",", "so", "the", "unrest", "will", "go", "on", ",", "''", "Mr.", "Oldenburg", "predicts", ".", "At", "the", "same", "time", ",", "the", "expectations", "of", "the", "East", "German", "people", "are", "great", "and", "will", "continue", "to", "grow", ".", "Says", "one", "West", "German", "official", ":", "``", "What", "'s", "necessary", "now", "is", "the", "process", "of", "democratization", ".", "Not", "just", "that", "people", "are", "being", "heard", "but", "that", "their", "interests", "are", "being", "taken", "seriously", ".", "''", "Chancellor", "Kohl", ",", "meanwhile", ",", "has", "invited", "Mr.", "Krenz", "to", "open", "discussions", "with", "Bonn", "on", "a", "wide", "range", "of", "subjects", ".", "Reports", "in", "the", "West", "German", "press", ",", "citing", "sources", "in", "East", "Germany", ",", "suggest", "Mr.", "Krenz", "may", "serve", "only", "as", "a", "bridge", "between", "Mr.", "Honecker", "and", "a", "genuine", "reform", "leader", ".", "Adding", "to", "that", "speculation", "is", "Mr.", "Krenz", "'s", "reputation", "as", "a", "heavy", "drinker", ",", "who", "is", "said", "to", "also", "suffer", "from", "diabetes", ".", "``", "This", "is", "a", "dynamic", "process", "and", "we", "'re", "experiencing", "the", "first", "step", ",", "''", "the", "Bonn", "official", "adds", ".", "The", "selection", "of", "Mr.", "Krenz", "may", "also", "disappoint", "Moscow", ".", "Soviet", "leader", "Mikhail", "Gorbachev", "has", "pressed", "hard", "for", "a", "change", "in", "East", "Germany", "'s", "rigid", "stance", ".", "Two", "reform-minded", "party", "leaders", "favored", "by", "Moscow", "as", "possible", "successors", "to", "Mr.", "Honecker", ",", "Dresden", "party", "secretary", "Hans", "Modrow", "and", "Politburo", "member", "Guenter", "Schabowski", ",", "were", "passed", "over", ".", "If", "Mr.", "Krenz", "sticks", "to", "rigid", "policies", "the", "pressure", "from", "the", "Soviet", "Union", "could", "intensify", ".", "In", "Moscow", ",", "Mr.", "Gorbachev", "sent", "Mr.", "Krenz", "a", "congratulatory", "telegram", "that", "appeared", "to", "urge", "the", "new", "leadership", "to", "heed", "growing", "calls", "for", "change", ".", "According", "to", "the", "Soviet", "news", "agency", "Tass", ",", "``", "Gorbachev", "expressed", "the", "conviction", "that", "the", "leadership", "of", "the", "Socialist", "Unity", "Party", "of", "-LCB-", "East", "-RCB-", "Germany", ",", "being", "sensitive", "to", "the", "demands", "of", "the", "time", ",", "...", "will", "find", "solutions", "to", "complicated", "problems", "the", "GDR", "-LCB-", "German", "Democratic", "Republic", "-RCB-", "encountered", ".", "''", "A", "force", "of", "younger", "pro-Gorbachev", "members", "in", "the", "East", "German", "bureaucracy", "has", "for", "some", "time", "been", "pushing", "for", "relaxation", "within", "their", "country", ".", "The", "older", "generation", "has", "been", "torn", "between", "a", "fear", "of", "tampering", "with", "the", "status", "quo", "and", "a", "fear", "of", "what", "might", "happen", "if", "they", "did", "n't", ".", "From", "the", "perspective", "of", "East", "Germany", "'s", "old", "guard", ",", "reforms", "that", "smack", "of", "capitalism", "and", "Western-style", "democracy", "could", "eliminate", "their", "country", "'s", "reason", "for", "being", ".", "Unlike", "the", "other", "nations", "of", "the", "bloc", ",", "East", "Germany", "is", "a", "creature", "of", "the", "Cold", "War", ".", "Erasing", "the", "differences", "still", "dividing", "Europe", ",", "and", "the", "vast", "international", "reordering", "that", "implies", ",", "wo", "n't", "endanger", "the", "statehood", "of", "a", "Poland", "or", "a", "Hungary", ".", "But", "it", "could", "ultimately", "lead", "to", "German", "reunification", "and", "the", "disappearance", "of", "East", "Germany", "from", "the", "map", ".", "Which", "is", "what", "the", "Old", "Guard", "fears", ".", "``", "I", "'m", "sure", "they", "'ll", "formulate", "a", "reform", "that", "will", "be", "a", "recipe", "for", "the", "GDR", "'s", "future", "as", "a", "separately", "identifiable", "state", ",", "''", "says", "Michael", "Simmons", ",", "a", "British", "journalist", "whose", "book", "on", "East", "Germany", ",", "entitled", "``", "The", "Unloved", "Country", ",", "''", "was", "published", "this", "month", ".", "Up", "to", "now", ",", "that", "recipe", "has", "consisted", "of", "a", "dogged", "effort", "by", "former", "leader", "Walter", "Ulbricht", "to", "establish", "the", "country", "'s", "international", "legitimacy", ",", "followed", "by", "Mr.", "Honecker", "'s", "campaign", "to", "build", "the", "East", "bloc", "'s", "only", "successful", "Stalinist", "economy", "into", "a", "consumer", "paradise", ".", "Neither", "man", "achieved", "perfection", ".", "Early", "in", "1987", ",", "Mr.", "Honecker", "and", "his", "team", "stopped", "paying", "thin", "compliments", "to", "Mr.", "Gorbachev", "and", "joined", "with", "Romania", "in", "rejecting", "any", "necessity", "for", "adjustments", "in", "their", "systems", ".", "The", "less-self-confident", "Czechoslovaks", "and", "Bulgarians", ",", "in", "contrast", ",", "declared", "their", "intentions", "to", "reform", ",", "while", "doing", "nothing", "concrete", "about", "it", ".", "The", "East", "German", "media", "soon", "began", "presenting", "Mr.", "Gorbachev", "'s", "speeches", "only", "as", "sketchy", "summaries", ",", "and", "giving", "space", "to", "his", "opponents", ".", "By", "late", "1988", ",", "they", "were", "banning", "Soviet", "publications", ".", "The", "country", "abandoned", "its", "former", "devotion", "to", "socialist", "unity", "and", "took", "to", "insisting", "instead", "that", "each", "country", "in", "the", "bloc", "ought", "to", "travel", "its", "own", "road", ".", "Mr.", "Honecker", "spoke", "of", "``", "generally", "valid", "objective", "laws", "of", "socialism", "''", "and", "left", "no", "room", "for", "debate", ".", "With", "this", "year", "'s", "dislocations", "in", "China", "and", "the", "Soviet", "Union", ",", "and", "the", "drive", "to", "democracy", "in", "Poland", "and", "Hungary", ",", "the", "East", "German", "leadership", "grew", "still", "more", "defensive", ".", "Politburo", "member", "Joachim", "Herrman", "confessed", "to", "a", "``", "grave", "concern", "''", "over", "Hungarian", "democracy", ".", "``", "Under", "the", "banner", "that", "proclaims", "the", "`", "renewal", "of", "socialism", ",", "'", "''", "he", "said", ",", "``", "forces", "are", "at", "work", "that", "are", "striving", "to", "eliminate", "socialism", ".", "''", "Some", "loyal", "voices", ",", "in", "and", "out", "of", "the", "East", "German", "Communist", "party", ",", "saw", "the", "nation", "'s", "unrest", "coming", ".", "The", "first", "signs", "were", "economic", ".", "Despite", "heavily", "subsidized", "consumer", "industries", ",", "East", "Germans", "have", "for", "years", "watched", "the", "West", "pull", "farther", "out", "ahead", ".", "In", "1988", ",", "for", "the", "first", "time", ",", "economic", "growth", "came", "to", "a", "dead", "stop", ".", "Gingerly", ",", "some", "economists", "began", "to", "blame", "central", "planning", ".", "Some", "writers", "in", "theoretical", "journals", "even", "raised", "the", "notion", "of", "introducing", "democracy", ",", "at", "least", "in", "the", "workplace", ".", "By", "summer", ",", "an", "independent", "reform", "movement", "was", "saying", "out", "loud", "what", "it", "had", "only", "whispered", "before", ".", "But", "they", "are", "stalwart", "socialists", ".", "Their", "proclaimed", "purpose", "is", "to", "cleanse", "East", "Germany", "of", "its", "Stalinist", "muck", ",", "not", "to", "merge", "with", "the", "West", ".", "One", "of", "their", "pastors", "has", "envisioned", "a", "``", "new", "utopia", "''", "of", "``", "creative", "socialism", ".", "''", "Meanwhile", ",", "the", "man", "Mr.", "Krenz", "replaces", "has", "left", "an", "indelible", "mark", "on", "East", "German", "society", ".", "Imprisoned", "by", "the", "Nazis", "during", "World", "War", "II", "for", "his", "political", "beliefs", ",", "Mr.", "Honecker", "typified", "the", "postwar", "generation", "of", "committed", "Communist", "leaders", "in", "Eastern", "Europe", "who", "took", "their", "cues", "from", "Moscow", ".", "He", "was", "a", "``", "socialist", "warrior", "''", "who", "felt", "rankled", "by", "West", "Germany", "'s", "enormous", "postwar", "prosperity", "and", "the", "Bonn", "government", "'s", "steadfast", "refusal", "to", "recognize", "the", "legitimacy", "of", "his", "state", ".", "Finally", ",", "during", "his", "first", "and", "only", "state", "visit", "to", "Bonn", "two", "years", "ago", ",", "he", "won", "some", "measure", "of", "the", "recognition", "he", "had", "long", "sought", ".", "But", "ultimately", "he", "was", "undone", "by", "forces", "unleashed", "by", "his", "own", "comrade", ",", "Mr.", "Gorbachev", ".", "Mr.", "Honecker", "'s", "removal", "``", "was", "bound", "to", "happen", ",", "''", "says", "one", "aide", "to", "Chancellor", "Kohl", ".", "``", "It", "was", "only", "a", "matter", "of", "time", ".", "''", "The", "European", "Community", "Commission", "increased", "its", "forecast", "for", "economic", "growth", "in", "the", "EC", "in", "1989", "to", "3.5", "%", ",", "slightly", "higher", "than", "its", "June", "projection", "of", "3.25", "%", ".", "In", "its", "annual", "economic", "report", "for", "1989-1990", ",", "the", "commission", "also", "projected", "1990", "gross", "domestic", "product", "growth", "for", "the", "12", "EC", "members", "at", "3", "%", ".", "EC", "inflation", "was", "seen", "at", "4.8", "%", "in", "1989", ",", "higher", "than", "1988", "'s", "3.6", "%", "price", "rise", ".", "However", ",", "inflation", "for", "1990", "was", "seen", "slowing", "to", "4.5", "%", ".", "Leading", "EC", "growth", "forecasts", "in", "1989", "was", "Ireland", ",", "seen", "growing", "5", "%", "at", "constant", "prices", ".", "Slower", "growth", "countries", "included", "Greece", ",", "at", "2.5", "%", ",", "the", "U.K.", ",", "at", "2.25", "%", ",", "and", "Denmark", ",", "at", "1.75", "%", ".", "Inflation", "is", "expected", "to", "be", "highest", "in", "Greece", ",", "where", "it", "is", "projected", "at", "14.25", "%", ",", "and", "Portugal", ",", "at", "13", "%", ".", "At", "the", "other", "end", "of", "the", "spectrum", ",", "West", "German", "inflation", "was", "forecast", "at", "3", "%", "in", "1989", "and", "2.75", "%", "in", "1990", ".", "Nestle", "Korea", "Ltd.", "opened", "a", "coffee", "and", "non-dairy-creamer", "plant", "in", "Chongju", ",", "South", "Korea", ".", "An", "official", "at", "Nestle", "Korea", ",", "a", "50-50", "joint", "venture", "between", "Nestle", "S.A.", "and", "the", "Doosan", "Group", ",", "said", "the", "new", "facility", "will", "manufacture", "all", "types", "of", "soluble", ",", "roasted", "and", "ground", "coffee", ",", "coffee", "mix", "and", "nondairy", "coffee", "creamer", ".", "The", "South", "Korean", "coffee", "market", ",", "consisting", "mostly", "of", "instant", "coffee", ",", "was", "estimated", "at", "about", "100", "billion", "won", "(", "$", "150.7", "million", ")", "last", "year", ".", "Brands", "made", "by", "the", "Kraft", "General", "Foods", "unit", "of", "Philip", "Morris", "Cos.", "had", "about", "95", "%", "of", "the", "market", "share", ".", "Nestle", "currently", "has", "only", "about", "a", "2", "%", "share", "with", "its", "Taster", "'s", "Choice", "coffee", ".", "Poland", "plans", "to", "start", "negotiations", "soon", "on", "purchasing", "natural", "gas", "from", "Iran", ",", "the", "official", "Islamic", "Republic", "News", "Agency", "reported", ".", "The", "agency", "said", "Polish", "Prime", "Minister", "Tadeusz", "Mazowiecki", "told", "Iranian", "Deputy", "Foreign", "Minister", "Mahmoud", "Vaezi", "of", "Poland", "'s", "willingess", "to", "purchase", "the", "gas", "during", "Mr.", "Vaezi", "'s", "current", "visit", "to", "Warsaw", ".", "The", "agency", "did", "n't", "mention", "possible", "quantities", "and", "did", "n't", "say", "how", "the", "gas", "would", "be", "delivered", ".", "A", "Chinese", "official", "harshly", "criticized", "plans", "to", "close", "a", "British", "naval", "base", "in", "downtown", "Hong", "Kong", ".", "Hong", "Kong", "officials", "announced", "last", "week", "that", "the", "base", "will", "be", "relocated", "to", "a", "small", "island", "to", "allow", "downtown", "redevelopment", ".", "But", "Beijing", "wants", "to", "use", "the", "base", "for", "the", "People", "'s", "Liberation", "Army", "after", "1997", ",", "when", "the", "territory", "returns", "to", "Chinese", "sovereignty", ".", "Ke", "Zaishuo", ",", "head", "of", "China", "'s", "delegation", "to", "a", "Chinese-British", "Liaison", "Committee", "on", "Hong", "Kong", ",", "accused", "Britain", "of", "trying", "to", "impose", "a", "fait", "accompli", "and", "said", ",", "``", "This", "is", "something", "we", "can", "not", "accept", ".", "''", "The", "Israeli", "and", "Soviet", "national", "airlines", "have", "reached", "preliminary", "agreement", "for", "launching", "the", "first", "direct", "flights", "between", "Tel", "Aviv", "and", "Moscow", ",", "a", "spokesman", "for", "the", "Israeli", "airline", ",", "El", "Al", ",", "said", ".", "El", "Al", "director", "Rafi", "Har-Lev", "and", "top", "officials", "of", "the", "Soviet", "Union", "'s", "Aeroflot", "negotiated", "a", "preliminary", "pact", "in", "Moscow", "this", "week", ",", "the", "spokesman", "said", ".", "He", "added", "that", "concluding", "the", "deal", "requires", "approval", "by", "the", "governments", "of", "both", "countries", ",", "which", "have", "never", "had", "direct", "air", "links", ".", "The", "chairman", "and", "a", "director", "of", "one", "of", "the", "Republic", "of", "Singapore", "'s", "leading", "property", "companies", ",", "City", "Development", "Ltd.", ",", "or", "CDL", ",", "were", "charged", "yesterday", "with", "criminal", "breach", "of", "trust", "of", "some", "800,000", "Singapore", "dollars", "(", "about", "US$", "409,000", ")", ".", "Kwek", "Hong", "Png", ",", "chairman", "of", "CDL", ",", "and", "director", "Quek", "Leng", "Chye", "were", "arrested", "by", "the", "republic", "'s", "Corrupt", "Practices", "Investigation", "Bureau", "Tuesday", "night", ".", "In", "addition", "to", "abetting", "in", "the", "alleged", "criminal", "breach", "of", "trust", ",", "Kwek", "Hong", "Png", "was", "also", "charged", "with", "dishonestly", "receiving", "S$", "500,000", "that", "had", "been", "stolen", ".", "Both", "men", "were", "charged", "in", "a", "subordinate", "court", "and", "released", "on", "bail", "of", "S$", "1", "million", ".", "The", "charges", "are", "the", "culmination", "of", "weeks", "of", "rumors", "concerning", "CDL", "that", "have", "depressed", "the", "company", "'s", "share", "price", "and", "to", "a", "lesser", "extent", "the", "shares", "of", "all", "companies", "owned", "by", "CDL", "'s", "controlling", "Quek", "family", ",", "brokers", "in", "Singapore", "say", ".", "The", "Queks", "control", "the", "Hong", "Leong", "Group", ",", "which", "has", "widespread", "interests", "in", "manufacturing", ",", "property", "and", "finance", "in", "both", "Malaysia", "and", "Singapore", ".", "News", "of", "the", "arrest", "and", "charging", "of", "the", "two", "men", "helped", "to", "push", "prices", "on", "the", "Singapore", "Stock", "market", "sharply", "lower", "in", "early", "trading", "yesterday", ",", "but", "brokers", "said", "that", "the", "market", "and", "CDL", "shares", "recovered", "once", "it", "became", "apparent", "the", "charges", "were", "limited", "to", "the", "two", "men", "personally", ".", "One", "of", "the", "two", "British", "companies", "still", "making", "hard", "toilet", "paper", "stopped", "production", "of", "it", ".", "British", "Tissues", "decided", "to", "do", "away", "with", "its", "hard", "paper", "after", "a", "major", "customer", ",", "British", "Rail", ",", "switched", "to", "softer", "tissues", "for", "train", "bathrooms", "...", ".", "Peasants", "in", "Inner", "Mongolia", "have", "partly", "dismantled", "a", "20-mile", "section", "of", "China", "'s", "famed", "Great", "Wall", ",", "the", "official", "People", "'s", "Daily", "said", ".", "The", "paper", "said", "the", "bricks", "were", "used", "to", "build", "homes", "and", "furnaces", "and", ",", "as", "a", "result", ",", "the", "wall", "``", "is", "in", "terrible", "shape", "." ]
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[ "NATIONAL", "INCOME", "REALTY", "TRUST", "said", "it", "will", "resume", "dividend", "payments", "with", "a", "12-cent-a-share", "dividend", "to", "be", "paid", "Nov.", "6", "to", "shares", "of", "record", "Oct.", "25", ".", "The", "mortgage", "and", "equity", "real", "estate", "investment", "trust", "last", "paid", "a", "dividend", "on", "Aug.", "1", ",", "1988", ",", "when", "holders", "received", "75", "cents", "a", "share", ".", "Despite", "continuing", "troubles", "with", "problem", "properties", "and", "nonperforming", "loans", ",", "the", "Dallas", "trust", "said", "it", "has", "rebuilt", "reserves", ",", "abandoned", "properties", "with", "little", "potential", "and", "experienced", "improved", "operating", "results", "from", "joint", "ventures", "." ]
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[ "compound", "compound", "compound", "nsubj", "root", "nsubj", "aux", "ccomp", "compound", "obj", "case", "det", "amod", "obl", "mark", "aux:pass", "acl", "obl:tmod", "nummod", "case", "obl", "case", "nmod", "obl:tmod", "nummod", "punct", "det", "nsubj", "cc", "compound", "amod", "compound", "compound", "conj", "advmod", "root", "det", "obj", "case", "obl", "nummod", "punct", "amod", "punct", "advmod", "nsubj", "acl:relcl", "nummod", "obj", "det", "obl:npmod", "punct", "case", "amod", "obl", "case", "compound", "nmod", "cc", "amod", "conj", "punct", "det", "compound", "nsubj", "root", "nsubj", "aux", "ccomp", "obj", "punct", "conj", "obj", "case", "amod", "nmod", "cc", "conj", "amod", "compound", "obj", "case", "amod", "nmod", "punct" ]
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[ "compound", "compound", "nsubj", "root", "amod", "amod", "nsubj", "ccomp", "nummod", "obj", "punct", "advcl", "amod", "obj", "case", "nmod:poss", "nmod", "cc", "amod", "compound", "conj", "punct", "det", "nsubj", "punct", "nsubj", "advmod", "acl:relcl", "obj", "case", "compound", "nmod", "punct", "compound", "conj", "cc", "conj", "punct", "cc", "compound", "conj", "punct", "root", "amod", "nsubj", "ccomp", "case", "obl", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "case", "obl", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "det", "obl:npmod", "advmod", "punct", "amod", "nsubj:pass", "case", "det", "nmod", "cc", "det", "nummod", "conj", "aux:pass", "root", "mark", "xcomp", "det", "obj", "case", "amod", "nmod", "punct", "nsubj", "root", "nummod", "obj", "punct", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "punct", "case", "fixed", "det", "obl", "case", "compound", "nmod", "case", "nmod", "punct", "cc", "det", "conj", "case", "det", "amod", "compound", "nmod", "case", "amod", "nmod", "punct", "compound", "nsubj", "case", "amod", "compound", "nmod", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "punct", "case", "amod", "obl", "punct", "compound", "nsubj", "root", "nummod", "obj", "punct", "case", "obl", "compound", "nummod", "punct", "case", "det", "amod", "nummod", "obl", "punct", "nsubj", "root", "nummod", "obj", "punct", "case", "obl", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "case", "obl", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "det", "obl:npmod", "advmod", "punct", "det", "amod", "nsubj", "root", "obj", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "amod", "nmod", "punct", "nsubj", "root", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "punct", "det", "amod", "nsubj", "case", "nmod", "amod", "root", "nummod", "obj", "case", "det", "amod", "obl", "cc", "cop", "advmod", "nummod", "obl:npmod", "case", "det", "nummod", "conj", "punct", "case", "amod", "obl", "case", "det", "compound", "compound", "compound", "nmod", "punct", "compound", "compound", "nsubj", "root", "obj", "nummod", "case", "obl", "nummod", "punct" ]
[ "Christopher", "Whittington", ",", "51-year-old", "deputy", "chairman", "of", "this", "British", "investment-banking", "group", "and", "chairman", "of", "Morgan", "Grenfell", "&", "Co.", ",", "the", "group", "'s", "main", "banking", "unit", ",", "has", "retired", "from", "his", "executive", "duties", ".", "Succeeding", "Mr.", "Whittington", "as", "deputy", "chairman", "of", "the", "group", "is", "Anthony", "Richmond-Watson", ",", "43", ",", "currently", "a", "main", "board", "member", ".", "Succeeding", "Mr.", "Whittington", "at", "Morgan", "Grenfell", "&", "Co.", "is", "Richard", "Webb", ",", "50", ",", "currently", "deputy", "chairman", ".", "Mr.", "Whittington", "will", "remain", "on", "the", "main", "group", "board", "as", "a", "nonexecutive", "director", "." ]
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[ "compound", "nsubj", "punct", "amod", "compound", "appos", "case", "det", "amod", "compound", "nmod", "cc", "conj", "case", "compound", "nmod", "cc", "conj", "punct", "det", "nmod:poss", "case", "amod", "compound", "appos", "punct", "aux", "root", "case", "nmod:poss", "compound", "obl", "punct", "root", "compound", "obj", "case", "compound", "obl", "case", "det", "nmod", "aux", "compound", "nsubj", "punct", "amod", "punct", "advmod", "det", "amod", "compound", "appos", "punct", "root", "compound", "obj", "case", "compound", "obl", "cc", "conj", "aux", "compound", "nsubj", "punct", "amod", "punct", "advmod", "compound", "appos", "punct", "compound", "nsubj", "aux", "root", "case", "det", "amod", "compound", "obl", "case", "det", "amod", "obl", "punct" ]
[ "McCormick", "Capital", "Inc.", "said", "its", "tender", "offer", "to", "buy", "back", "as", "many", "as", "1.1", "million", ",", "or", "44", "%", ",", "of", "its", "common", "shares", "at", "$", "3", "apiece", ",", "which", "expired", "Friday", "evening", ",", "was", "oversubscribed", ".", "The", "developer", "and", "manager", "of", "futures-investment", "limited", "partnerships", "said", "preliminary", "results", "indicate", "that", "about", "1,749,000", "shares", "had", "been", "tendered", ",", "giving", "a", "preliminary", "proration", "factor", "of", "0.6287", ".", "The", "final", "proration", "factor", "will", "be", "announced", "Monday", "." ]
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[ "compound", "compound", "nsubj", "root", "nmod:poss", "compound", "nsubj:pass", "mark", "acl", "compound:prt", "advmod", "advmod", "advmod", "compound", "obj", "punct", "cc", "nummod", "conj", "punct", "case", "nmod:poss", "amod", "nmod", "case", "obl", "nummod", "advmod", "punct", "nsubj", "acl:relcl", "compound", "obl:tmod", "punct", "aux:pass", "ccomp", "punct", "det", "nsubj", "cc", "conj", "case", "amod", "amod", "nmod", "root", "amod", "nsubj", "ccomp", "mark", "advmod", "nummod", "nsubj:pass", "aux", "aux:pass", "ccomp", "punct", "xcomp", "det", "amod", "compound", "obj", "case", "nmod", "punct", "det", "amod", "compound", "nsubj:pass", "aux", "aux:pass", "root", "obl:tmod", "punct" ]
[ "Renault", "and", "DAF", "Trucks", "NV", "announced", "a", "preliminary", "agreement", "to", "jointly", "manufacture", "a", "line", "of", "trucks", "in", "Britain", "and", "France", ".", "Philippe", "Gras", ",", "a", "Renault", "managing", "director", ",", "said", "the", "new", "line", "will", "cover", "trucks", "of", "between", "2.5", "tons", "and", "4.2", "tons", "and", "will", "be", "built", "at", "Renault", "'s", "Bapilly", "plant", "in", "France", "and", "at", "DAF", "'s", "British", "plant", ".", "The", "French", "state-controlled", "auto", "group", "and", "the", "Dutch", "truck", "maker", "plan", "to", "incorporate", "the", "new", "trucks", "into", "their", "product", "lines", "when", "they", "begin", "production", "toward", "the", "middle", "of", "the", "1990s", ".", "Mr.", "Gras", "said", "he", "expects", "a", "definitive", "agreement", "between", "the", "two", "companies", "to", "be", "completed", "in", "the", "next", "few", "months", ".", "The", "venture", "is", "the", "latest", "example", "of", "the", "trend", "toward", "cooperative", "projects", "in", "Europe", "ahead", "of", "the", "1992", "deadline", "for", "eliminating", "trade", "barriers", "within", "the", "European", "Community", ".", "Renault", "and", "DAF", "are", "expected", "to", "invest", "a", "total", "of", "about", "three", "billion", "French", "francs", "(", "$", "157.8", "million", ")", "in", "the", "venture", ",", "including", "FFr", "1", "billion", "for", "design", "and", "development", "costs", ".", "In", "addition", ",", "the", "companies", "will", "each", "spend", "about", "FFr", "1", "billion", "on", "tooling", "up", "their", "plants", ".", "Mr.", "Gras", "said", "the", "joint", "venture", "represents", "considerable", "savings", "for", "both", "Renault", "and", "DAF", ",", "since", "both", "companies", "would", "in", "any", "case", "have", "had", "to", "renew", "their", "existing", "ranges", "of", "light", "goods", "vehicles", ".", "By", "pooling", "their", "resources", ",", "the", "two", "groups", "have", "effectively", "halved", "the", "design", "and", "development", "costs", "that", "would", "otherwise", "have", "been", "entailed", ",", "he", "said", ".", "Renault", "officials", "said", "the", "potential", "European", "market", "for", "light", "trucks", "in", "the", "2.5-ton", "to", "4.2-ton", "range", "is", "between", "700,000", "and", "800,000", "vehicles", "annually", ",", "and", "Renault", "and", "DAF", "are", "aiming", "for", "a", "combined", "market", "share", "of", "about", "11", "%", ".", "Both", "Renault", "and", "DAF", "will", "have", "world-wide", "marketing", "rights", "for", "the", "new", "range", "of", "vans", "and", "light", "trucks", ".", "Under", "a", "separate", "arrangement", ",", "British", "Aerospace", "PLC", "'s", "Rover", "Group", "PLC", "subsidiary", "will", "also", "be", "able", "to", "offer", "the", "vehicles", "through", "its", "dealers", "in", "the", "U.K.", ",", "and", "Renault", "'s", "truck-building", "subsidiary", "Renault", "Vehicles", "Industriels", "will", "have", "similar", "rights", "in", "France", ".", "DAF", "is", "16%-owned", "by", "British", "Aerospace", ",", "with", "a", "further", "6.5", "%", "held", "by", "the", "Dutch", "state-owned", "chemical", "group", "NV", "DSM", ".", "The", "van", "Doorne", "family", "of", "the", "Netherlands", "holds", "an", "additional", "11", "%", "of", "DAF", "'s", "capital", "." ]
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[ "nsubj", "cc", "compound", "compound", "conj", "root", "det", "amod", "obj", "mark", "advmod", "acl", "det", "obj", "case", "nmod", "case", "obl", "cc", "conj", "punct", "compound", "nsubj", "punct", "det", "compound", "amod", "appos", "punct", "root", "det", "amod", "nsubj", "aux", "ccomp", "obj", "case", "case", "nummod", "nmod", "cc", "nummod", "conj", "cc", "aux", "aux:pass", "conj", "case", "nmod:poss", "case", "compound", "obl", "case", "nmod", "cc", "case", "nmod:poss", "case", "amod", "conj", "punct", "det", "compound", "amod", "compound", "nsubj", "cc", "det", "compound", "compound", "conj", "root", "mark", "xcomp", "det", "amod", "obj", "case", "nmod:poss", "compound", "obl", "advmod", "nsubj", "advcl", "obj", "case", "det", "obl", "case", "det", "nmod", "punct", "compound", "nsubj", "root", "nsubj", "ccomp", "det", "amod", "obj", "case", "det", "nummod", "nmod", "mark", "aux:pass", "xcomp", "case", "det", "amod", "amod", "obl", "punct", "det", "nsubj", "cop", "det", "amod", "root", "case", "det", "nmod", "case", "amod", "nmod", "case", "nmod", "advmod", "case", "det", "nummod", "obl", "mark", "acl", "compound", "obj", "case", "det", "compound", "nmod", "punct", "nsubj:pass", "cc", "conj", "aux:pass", "root", "mark", "xcomp", "det", "obj", "case", "advmod", "compound", "nummod", "amod", "nmod", "punct", "dep", "compound", "nummod", "punct", "case", "det", "obl", "punct", "case", "dep", "compound", "obl", "case", "compound", "cc", "conj", "nmod", "punct", "case", "obl", "punct", "det", "nsubj", "aux", "dep", "root", "advmod", "dep", "compound", "obj", "case", "advcl", "compound:prt", "nmod:poss", "obj", "punct", "compound", "nsubj", "root", "det", "amod", "nsubj", "ccomp", "amod", "obj", "case", "cc:preconj", "obl", "cc", "conj", "punct", "mark", "det", "nsubj", "aux", "case", "det", "obl", "aux", "advcl", "mark", "xcomp", "nmod:poss", "amod", "obj", "case", "amod", "compound", "nmod", "punct", "mark", "advcl", "nmod:poss", "obj", "punct", "det", "nummod", "nsubj", "aux", "advmod", "ccomp", "det", "compound", "cc", "conj", "obj", "nsubj:pass", "aux", "advmod", "aux", "aux:pass", "acl:relcl", "punct", "nsubj", "root", "punct", "compound", "nsubj", "root", "det", "amod", "amod", "nsubj", "case", "amod", "nmod", "case", "det", "advmod", "dep", "nummod", "nmod", "cop", "amod", "nummod", "cc", "conj", "dep", "advmod", "punct", "cc", "nsubj", "cc", "conj", "aux", "conj", "case", "det", "amod", "compound", "obl", "case", "advmod", "nummod", "nmod", "punct", "cc:preconj", "nsubj", "cc", "conj", "aux", "root", "amod", "compound", "obj", "case", "det", "amod", "nmod", "case", "nmod", "cc", "compound", "conj", "punct", "case", "det", "amod", "obl", "punct", "compound", "compound", "nmod:poss", "case", "compound", "compound", "compound", "nsubj", "aux", "advmod", "cop", "root", "mark", "xcomp", "det", "obj", "case", "nmod:poss", "obl", "case", "det", "nmod", "punct", "cc", "nmod:poss", "case", "amod", "compound", "compound", "compound", "nsubj", "aux", "conj", "amod", "obj", "case", "obl", "punct", "nsubj", "cop", "root", "case", "compound", "obl", "punct", "case", "det", "amod", "nummod", "obl", "acl", "case", "det", "amod", "amod", "compound", "obl", "compound", "dep", "punct", "det", "compound", "compound", "nsubj", "case", "det", "nmod", "root", "det", "amod", "nummod", "obj", "case", "nmod:poss", "case", "nmod", "punct" ]
[ "Robert", "L.", "Bernstein", ",", "chairman", "and", "president", "of", "Random", "House", "Inc.", ",", "announced", "his", "resignation", "from", "the", "publishing", "house", "he", "has", "run", "for", "23", "years", ".", "A", "successor", "was", "n't", "named", ",", "which", "fueled", "speculation", "that", "Mr.", "Bernstein", "may", "have", "clashed", "with", "S.I.", "Newhouse", "Jr.", ",", "whose", "family", "company", ",", "Advance", "Publications", "Inc.", ",", "owns", "Random", "House", ".", "Abrupt", "departures", "are", "n't", "unheard", "of", "within", "the", "Newhouse", "empire", ".", "In", "an", "interview", ",", "Mr.", "Bernstein", "said", "his", "departure", "``", "evolved", "out", "of", "discussions", "with", "Si", "Newhouse", "and", "that", "'s", "the", "decision", "I", "reached", ".", "''", "He", "declined", "to", "elaborate", ",", "other", "than", "to", "say", ",", "``", "It", "just", "seemed", "the", "right", "thing", "to", "do", "at", "this", "minute", ".", "Sometimes", "you", "just", "go", "with", "your", "gut", ".", "''", "Mr.", "Bernstein", "said", "he", "will", "stay", "until", "Dec.", "31", "and", "work", "with", "his", "successor", ",", "who", "is", "to", "be", "named", "soon", ".", "Mr.", "Newhouse", ",", "meanwhile", ",", "insisted", "that", "he", "is", "n't", "unhappy", "with", "Mr.", "Bernstein", "or", "the", "performance", "of", "Random", "House", ",", "the", "largest", "trade", "publishing", "house", "in", "the", "U.S.", ".", "The", "company", "said", "the", "publisher", "'s", "annual", "sales", "volume", "increased", "to", "$", "800", "million", "from", "$", "40", "million", "during", "Mr.", "Bernstein", "'s", "tenure", ".", "``", "Bob", "has", "handled", "the", "extraordinary", "growth", "of", "the", "company", "quite", "brilliantly", ",", "''", "said", "Mr.", "Newhouse", ".", "``", "The", "company", "is", "doing", "well", ",", "it", "'s", "stable", ",", "it", "'s", "got", "good", "people", ".", "Bob", "has", "an", "agenda", "and", "this", "seemed", "like", "the", "natural", "time", ".", "''", "Publishing", "officials", "believe", "that", "while", "Random", "House", "has", "enjoyed", "spectacular", "growth", "and", "has", "smoothly", "integrated", "many", "acquisitions", "in", "recent", "years", ",", "some", "of", "the", "bigger", "ones", "have", "n't", "been", "absorbed", "so", "easily", ".", "Crown", "Publishing", "Group", ",", "acquired", "last", "year", ",", "is", "said", "to", "be", "turning", "in", "disappointing", "results", ".", "As", "a", "private", "company", ",", "Random", "House", "does", "n't", "report", "its", "earnings", ".", "Mr.", "Bernstein", ",", "who", "succeeded", "Bennett", "Cerf", ",", "has", "been", "only", "the", "second", "president", "of", "Random", "House", "since", "it", "was", "founded", "in", "1925", ".", "Speculation", "on", "his", "successor", "centers", "on", "a", "number", "of", "division", "heads", "at", "the", "house", ".", "Possible", "candidates", "include", "Susan", "Petersen", ",", "president", "of", "Ballantine/Del", "Rey/Fawcett", ",", "Random", "House", "'s", "huge", "and", "successful", "paperback", "division", ".", "Some", "say", "Anthony", "Cheetham", ",", "head", "of", "a", "recently", "acquired", "British", "company", ",", "Century", "Hutchinson", ",", "could", "be", "chosen", ".", "There", "is", "also", "speculation", "that", "Mr.", "Newhouse", "could", "bring", "in", "a", "powerhouse", "businessman", "or", "another", "Newhouse", "family", "member", "to", "run", "the", "business", "side", ",", "in", "combination", "with", "a", "publishing", "executive", "like", "Robert", "Gottlieb", ",", "who", "left", "Random", "House", "'s", "Alfred", "A.", "Knopf", "to", "run", "the", "New", "Yorker", ",", "also", "owned", "by", "the", "Newhouse", "family", ".", "Not", "included", "on", "the", "most-likely-successor", "list", "are", "Joni", "Evans", ",", "recruited", "two", "years", "ago", "to", "be", "publisher", "of", "adult", "trade", "books", "for", "Random", "House", ",", "and", "Sonny", "Mehta", ",", "president", "of", "the", "prestigious", "Alfred", "A.", "Knopf", "unit", ".", "When", "Ms.", "Evans", "took", "her", "job", ",", "several", "important", "divisions", "that", "had", "reported", "to", "her", "predecessor", "were", "n't", "included", "partly", "because", "she", "did", "n't", "wish", "to", "be", "a", "full-time", "administrator", ".", "Mr.", "Mehta", "is", "widely", "viewed", "as", "a", "brilliant", "editor", "but", "a", "less-than-brilliant", "administrator", "and", "his", "own", "departure", "was", "rumored", "recently", ".", "Mr.", "Bernstein", ",", "a", "tall", ",", "energetic", "man", "who", "is", "widely", "respected", "as", "a", "publishing", "executive", ",", "has", "spent", "much", "of", "his", "time", "in", "recent", "years", "on", "human", "rights", "issues", "." ]
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[ "compound", "compound", "nsubj", "punct", "appos", "cc", "conj", "case", "compound", "compound", "nmod", "punct", "root", "nmod:poss", "obj", "case", "det", "compound", "nmod", "nsubj", "aux", "acl:relcl", "case", "nummod", "obl", "punct", "det", "nsubj:pass", "aux:pass", "advmod", "root", "punct", "nsubj", "ccomp", "obj", "mark", "compound", "nsubj", "aux", "aux", "ccomp", "case", "compound", "compound", "obl", "punct", "nmod:poss", "compound", "nsubj", "punct", "compound", "compound", "appos", "punct", "acl:relcl", "compound", "obj", "punct", "amod", "nsubj", "cop", "advmod", "root", "obl", "case", "det", "compound", "obl", "punct", "case", "det", "obl", "punct", "compound", "nsubj", "root", "nmod:poss", "nsubj", "punct", "dep", "case", "case", "obl", "case", "compound", "nmod", "cc", "nsubj", "cop", "det", "conj", "nsubj", "acl:relcl", "punct", "punct", "nsubj", "root", "mark", "xcomp", "punct", "advmod", "mark", "mark", "advcl", "punct", "punct", "nsubj", "advmod", "ccomp", "det", "amod", "xcomp", "mark", "acl", "case", "det", "obl", "punct", "advmod", "nsubj", "advmod", "root", "case", "nmod:poss", "obl", "punct", "punct", "compound", "nsubj", "root", "nsubj", "aux", "ccomp", "case", "obl", "nummod", "cc", "conj", "case", "nmod:poss", "obl", "punct", "nsubj", "acl:relcl", "mark", "aux:pass", "xcomp", "advmod", "punct", "compound", "nsubj", "punct", "advmod", "punct", "root", "mark", "nsubj", "cop", "advmod", "ccomp", "case", "compound", "obl", "cc", "det", "conj", "case", "compound", "nmod", "punct", "det", "amod", "compound", "amod", "appos", "case", "det", "nmod", "punct", "det", "nsubj", "root", "det", "nmod:poss", "case", "amod", "compound", "nsubj", "ccomp", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "case", "compound", "nmod:poss", "case", "obl", "punct", "punct", "nsubj", "aux", "ccomp", "det", "amod", "obj", "case", "det", "nmod", "advmod", "advmod", "punct", "punct", "root", "compound", "nsubj", "punct", "punct", 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"obl", "punct", "aux", "root", "obj", "case", "nmod:poss", "nmod", "case", "amod", "obl", "case", "amod", "compound", "obl", "punct" ]
[ "General", "Motors", "Corp.", "'s", "GMC", "Truck", "division", "put", "a", "$", "750", "cash", "incentive", "on", "its", "1990", "full-sized", "Jimmy", "and", "Suburban", "trucks", ".", "The", "program", ",", "which", "runs", "through", "Jan.", "4", ",", "also", "offers", "low-rate", "financing", "in", "lieu", "of", "the", "cash", "rebate", "." ]
[ 3, 3, 7, 3, 7, 7, 8, 0, 13, 13, 10, 13, 8, 18, 18, 18, 18, 8, 21, 21, 18, 8, 2, 11, 2, 5, 2, 7, 5, 7, 2, 11, 0, 13, 11, 15, 11, 19, 19, 19, 15, 11 ]
[ "compound", "compound", "nmod:poss", "case", "compound", "compound", "nsubj", "root", "det", "amod", "compound", "compound", "obj", "case", "nmod:poss", "nummod", "amod", "obl", "cc", "compound", "conj", "punct", "det", "nsubj", "punct", "nsubj", "acl:relcl", "case", "obl", "nummod", "punct", "advmod", "root", "amod", "obj", "case", "obl", "case", "det", "compound", "nmod", "punct" ]
[ "Democracy", "can", "be", "cruel", "to", "politicians", ":", "Sometimes", "it", "forces", "them", "to", "make", "choices", ".", "Now", "that", "the", "Supreme", "Court", "opened", "the", "door", "on", "the", "subject", "of", "abortion", ",", "politicians", "are", "squinting", "under", "the", "glare", "of", "democratic", "choice", ".", "Their", "discomfort", "is", "a", "healthy", "sign", "for", "the", "rest", "of", "us", ".", "Republicans", "are", "squinting", "most", "painfully", ",", "at", "least", "at", "first", ",", "which", "is", "only", "fair", "because", "they", "'ve", "been", "shielded", "the", "most", ".", "So", "long", "as", "abortion", "was", "a", "question", "for", "litigation", ",", "not", "legislation", ",", "Republicans", "could", "find", "political", "security", "in", "absolutism", ".", "They", "could", "attract", "one-issue", "voters", "by", "adopting", "the", "right-to-life", "movement", "'s", "strongest", "position", ",", "even", "as", "pro-choice", "Republicans", "knew", "this", "mattered", "little", "on", "an", "issue", "monopolized", "by", "the", "court", ".", "Now", "it", "matters", ".", "Much", "of", "Washington", "thought", "it", "detected", "George", "Bush", "in", "a", "characteristic", "waffle", "on", "abortion", "the", "past", "week", ".", "Only", "a", "month", "ago", "he", "'d", "warned", "Congress", "not", "to", "pass", "legislation", "to", "pay", "for", "abortions", "in", "cases", "of", "rape", "or", "incest", ".", "Last", "Friday", ",", "after", "Congress", "passed", "it", "anyway", ",", "he", "hinted", "he", "was", "looking", "for", "compromise", ".", "Was", "the", "man", "who", "once", "was", "pro-choice", ",", "but", "later", "pro-life", ",", "converting", "again", "?", "In", "fact", ",", "Mr.", "Bush", "'s", "dance", "was", "more", "wiggle", "than", "waffle", ".", "Pro-life", "advocates", "say", "the", "White", "House", "never", "wavered", "over", "the", "veto", ".", "Christopher", "Smith", "(", "R.", ",", "N.J.", ")", ",", "a", "pro-life", "leader", "in", "the", "House", ",", "suggested", "a", "compromise", "that", "would", "have", "adapted", "restrictive", "language", "from", "rape", "and", "incest", "exceptions", "in", "the", "states", ".", "The", "White", "House", ",", "never", "eager", "for", "a", "fight", ",", "was", "happy", "to", "try", ",", "which", "is", "why", "George", "Bush", "said", "he", "was", "looking", "for", "``", "flexibility", "''", "last", "week", ".", "When", "Democrats", "refused", "to", "budge", ",", "pro-life", "Republicans", "met", "at", "the", "White", "House", "with", "Chief", "of", "Staff", "John", "Sununu", "on", "Monday", ",", "and", "Mr.", "Bush", "quickly", "signaled", "a", "veto", ".", "Amid", "charges", "of", "``", "timidity", "''", "on", "Panama", "and", "elsewhere", ",", "the", "president", "was", "n't", "about", "to", "offend", "his", "most", "energetic", "constituency", ".", "The", "GOP", "doubters", "were", "in", "Congress", ".", "In", "last", "week", "'s", "House", "vote", ",", "41", "Republicans", "defected", ".", "After", "the", "vote", ",", "Connecticut", "Rep.", "Nancy", "Johnson", "rounded", "up", "nearly", "as", "many", "signatures", "on", "a", "letter", "to", "Mr.", "Bush", "urging", "him", "not", "to", "veto", ".", "Even", "such", "a", "pro-life", "stalwart", "as", "Sen.", "Orrin", "Hatch", "(", "R.", ",", "Utah", ")", "had", "counseled", "some", "kind", "of", "compromise", ".", "The", "Senate", "passed", "the", "same", "bill", "yesterday", ",", "with", "a", "veto-proof", "majority", "of", "67", ".", "The", "manuevering", "illustrates", "an", "emerging", "Republican", "donnybrook", ",", "pacified", "since", "the", "early", "1980s", ".", "At", "the", "1988", "GOP", "convention", ",", "abortion", "was", "barely", "discussed", "at", "all", ",", "though", "delegates", "were", "evenly", "divided", "on", "the", "question", "of", "an", "anti-abortion", "constitutional", "amendment", ".", "Ms.", "Johnson", "made", "a", "passionate", "statement", "to", "the", "platform", "committee", ",", "but", "she", "was", "talking", "to", "herself", ".", "Now", "many", "Republicans", "are", "listening", ".", "They", "'re", "frightened", "by", "what", "they", "see", "in", "New", "Jersey", ",", "and", "especially", "Virginia", ",", "where", "pro-life", "GOP", "candidates", "for", "governor", "are", "being", "pummeled", "on", "abortion", ".", "Eddie", "Mahe", ",", "a", "Republican", "consultant", ",", "says", "the", "two", "GOP", "candidates", "could", "have", "avoided", "trouble", "if", "they", "had", "framed", "the", "issue", "first", ".", "(", "In", "Virginia", ",", "Marshall", "Coleman", "and", "his", "running", "mate", ",", "Eddy", "Dalton", ",", "are", "both", "on", "the", "defensive", "for", "opposing", "abortions", "even", "in", "cases", "of", "rape", "or", "incest", ".", ")", "But", "Mr.", "Mahe", "adds", ",", "``", "The", "net", "loser", "in", "the", "next", "few", "years", "is", "the", "right-to-life", "side", ".", "''", "Darla", "St.", "Martin", ",", "of", "the", "National", "Right", "to", "Life", "Committee", ",", "says", "exit", "polls", "from", "the", "1988", "election", "had", "single-issue", ",", "pro-life", "voters", "giving", "Mr.", "Bush", "about", "five", "more", "percentage", "points", "of", "support", "than", "pro-choice", "voters", "gave", "Michael", "Dukakis", ".", "But", "the", "Supreme", "Court", "'s", "opening", "of", "debate", "may", "have", "changed", "even", "that", ".", "GOP", "pollster", "Neil", "Newhouse", ",", "of", "the", "Wirthlin", "Group", ",", "says", "polls", "this", "summer", "showed", "that", "the", "single-issue", "voters", "had", "about", "evened", "out", ".", "Polls", "are", "no", "substitute", "for", "principle", ",", "but", "they", "'ll", "do", "for", "some", "politicians", ".", "The", "Republican", "danger", "is", "that", "abortion", "could", "become", "for", "them", "what", "it", "'s", "long", "been", "for", "Democrats", ",", "a", "divisive", "litmus", "test", ".", "It", "'s", "already", "that", "in", "the", "Bush", "administration", ",", "at", "least", "for", "any", "job", "in", "which", "abortion", "is", "even", "remotely", "an", "issue", ".", "Oklahoma", "official", "Robert", "Fulton", "lost", "a", "chance", "for", "a", "senior", "job", "in", "the", "Department", "of", "Health", "and", "Human", "Services", "after", "right-to-life", "activists", "opposed", "him", ".", "Caldwell", "Butler", ",", "a", "conservative", "former", "congressman", ",", "was", "barred", "from", "a", "Legal", "Services", "post", ",", "after", "he", "gave", "wrong", "answers", "on", "abortion", ".", "Even", "the", "president", "'s", "doctor", ",", "Burton", "Lee", ",", "has", "said", "on", "the", "record", "that", "he", "'d", "love", "to", "be", "surgeon", "general", "but", "could", "n't", "pass", "the", "pro-life", "test", ".", "In", "the", "case", "of", "HHS", "Secretary", "Louis", "Sullivan", ",", "the", "litmus", "test", "could", "yet", "damage", "issues", "important", 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[ "StatesWest", "Airlines", ",", "Phoenix", ",", "Ariz.", ",", "said", "it", "withdrew", "its", "offer", "to", "acquire", "Mesa", "Airlines", "because", "the", "Farmington", ",", "N.M.", ",", "carrier", "did", "n't", "respond", "to", "its", "offer", "by", "the", "close", "of", "business", "yesterday", ",", "a", "deadline", "StatesWest", "had", "set", "for", "a", "response", ".", "However", ",", "StatesWest", "is", "n't", "abandoning", "its", "pursuit", "of", "the", "much-larger", "Mesa", ".", "StatesWest", ",", "which", "has", "a", "7.25", "%", "stake", "in", "Mesa", ",", "said", "it", "may", "purchase", "more", "Mesa", "stock", "or", "make", "a", "tender", "offer", "directly", "to", "Mesa", "shareholders", ".", "StatesWest", "had", "proposed", "acquiring", "Mesa", "for", "$", "7", "a", "share", "and", "one", "share", "of", "a", "new", "series", "of", "StatesWest", "6", "%", "convertible", "preferred", "stock", "it", "values", "at", "$", "3", "a", "share", ".", "Earlier", ",", "Mesa", "had", "rejected", "a", "general", "proposal", "from", "StatesWest", "to", "combine", "the", "two", "carriers", "in", "some", "way", ".", "StatesWest", "serves", "10", "cities", "in", "California", ",", "Arizona", "and", "Nevada", ".", "Mesa", "flies", "to", "42", "cities", "in", "New", "Mexico", ",", "Arizona", ",", "Wyoming", ",", "Colorado", "and", "Texas", "." ]
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[ "compound", "nsubj", "punct", "appos", "punct", "appos", "punct", "root", "nsubj", "ccomp", "nmod:poss", "obj", "mark", "acl", "compound", "obj", "mark", "det", "compound", "punct", "appos", "punct", "nsubj", "aux", "advmod", "advcl", "case", "nmod:poss", "obl", "case", "det", "obl", "case", "nmod", "obl:tmod", "punct", "det", "appos", "nsubj", "aux", "acl:relcl", "case", "det", "obl", "punct", "advmod", "punct", "nsubj", "aux", "advmod", "root", "nmod:poss", "obj", "case", "det", "amod", "nmod", "punct", "nsubj", "punct", "nsubj", "acl:relcl", "det", "compound", "amod", "obj", "case", "nmod", "punct", "root", "nsubj", "aux", "ccomp", "amod", "compound", "obj", "cc", "conj", "det", "compound", "obj", "advmod", "case", "compound", "obl", "punct", "nsubj", "aux", "root", "xcomp", "obj", "case", "obl", "nummod", "det", "obl:npmod", "cc", "nummod", "conj", "case", "det", "amod", "nmod", "case", "compound", "compound", "amod", "amod", "amod", "nmod", "nsubj", "acl:relcl", "case", "obl", "nummod", "det", "obl:npmod", "punct", "advmod", "punct", "nsubj", "aux", "root", "det", "amod", "obj", "case", "nmod", "mark", "acl", "det", "nummod", "obj", "case", "det", "obl", "punct", "nsubj", "root", "nummod", "obj", "case", "nmod", "punct", "conj", "cc", "conj", "punct", "nsubj", "root", "case", "nummod", "obl", "case", "compound", "nmod", "punct", "conj", "punct", "conj", "punct", "conj", "cc", "conj", "punct" ]
[ "LTV", "Corp.", "said", "a", "federal", "bankruptcy", "court", "judge", "agreed", "to", "extend", "until", "March", "8", ",", "1990", ",", "the", "period", "in", "which", "the", "steel", ",", "aerospace", "and", "energy", "products", "company", "has", "the", "exclusive", "right", "to", "file", "a", "reorganization", "plan", ".", "The", "company", "is", "operating", "under", "Chapter", "11", "of", "the", "federal", "Bankruptcy", "Code", ",", "giving", "it", "court", "protection", "from", "creditors", "'", "lawsuits", "while", "it", "attempts", "to", "work", "out", "a", "plan", "to", "pay", "its", "debts", "." ]
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[ "compound", "nsubj", "root", "det", "amod", "compound", "compound", "nsubj", "ccomp", "mark", "xcomp", "case", "obl", "nummod", "punct", "nummod", "punct", "det", "obj", "case", "obl", "det", "compound", "punct", "conj", "cc", "conj", "compound", "nsubj", "acl:relcl", "det", "amod", "obj", "mark", "acl", "det", "compound", "obj", "punct", "det", "nsubj", "aux", "root", "case", "obl", "nummod", "case", "det", "amod", "compound", "nmod", "punct", "advcl", "iobj", "compound", "obj", "case", "nmod:poss", "case", "nmod", "mark", "nsubj", "advcl", "mark", "xcomp", "compound:prt", "det", "obj", "mark", "acl", "nmod:poss", "obj", "punct" ]
[ "AEG", "AG", "and", "Siemens", "AG", "said", "they", "will", "launch", "their", "previously", "announced", "joint", "venture", "for", "power", "semiconductors", "in", "January", ".", "The", "two", "West", "German", "electronics", "concerns", "said", "they", "have", "set", "up", "European", "Power", "Semiconductor", "Co.", "to", "merge", "their", "activities", "in", "the", "field", ".", "AEG", "and", "Siemens", "each", "will", "hold", "a", "50", "%", "stake", "in", "the", "venture", ".", "The", "joint", "venture", "will", "have", "nominal", "capital", "of", "50", "million", "marks", "(", "$", "26.9", "million", ")", "and", "700", "employees", ".", "It", "will", "develop", ",", "produce", "and", "market", "high-performance", "electronic", "parts", ".", "Siemens", "is", "West", "Germany", "'s", "largest", "electronics", "group", ".", "AEG", "is", "80", "%", "owned", "by", "Daimler-Benz", "AG", ",", "the", "country", "'s", "biggest", "industrial", "concern", "." ]
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[ "compound", "nsubj", "cc", "compound", "conj", "root", "nsubj", "aux", "ccomp", "nmod:poss", "advmod", "amod", "amod", "obj", "case", "compound", "nmod", "case", "obl", "punct", "det", "nummod", "amod", "amod", "compound", "nsubj", "root", "nsubj", "aux", "ccomp", "compound:prt", "compound", "compound", "compound", "obj", "mark", "advcl", "nmod:poss", "obj", "case", "det", "nmod", "punct", "nsubj", "cc", "conj", "dep", "aux", "root", "det", "compound", "amod", "obj", "case", "det", "nmod", "punct", "det", "amod", "nsubj", "aux", "root", "amod", "obj", "case", "compound", "nummod", "nmod", "punct", "dep", "compound", "nummod", "punct", "cc", "nummod", "conj", "punct", "nsubj", "aux", "root", "punct", "conj", "cc", "conj", "amod", "amod", "obj", "punct", "nsubj", "cop", "compound", "nmod:poss", "case", "amod", "compound", "root", "punct", "nsubj:pass", "aux:pass", "nummod", "dep", "root", "case", "compound", "obl", "punct", "det", "nmod:poss", "case", "amod", "amod", "appos", "punct" ]
[ "R.P.", "Scherer", "Corp.", "said", "it", "completed", "the", "$", "10.2", "million", "sale", "of", "its", "Southern", "Optical", "subsidiary", "to", "a", "group", "led", "by", "the", "unit", "'s", "president", ",", "Thomas", "R.", "Sloan", ",", "and", "other", "managers", ".", "Following", "the", "acquisition", "of", "R.P.", "Scherer", "by", "a", "buy-out", "group", "led", "by", "Shearson", "Lehman", "Hutton", "earlier", "this", "year", ",", "the", "maker", "of", "gelatin", "capsules", "decided", "to", "divest", "itself", "of", "certain", "of", "its", "non-encapsulating", "businesses", ".", "The", "sale", "of", "Southern", "Optical", "is", "a", "part", "of", "the", "program", "." ]
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[ "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "det", "amod", "compound", "nummod", "obj", "case", "nmod:poss", "compound", "compound", "nmod", "case", "det", "nmod", "acl", "case", "det", "nmod:poss", "case", "obl", "punct", "compound", "compound", "appos", "punct", "cc", "amod", "conj", "punct", "case", "det", "obl", "case", "compound", "nmod", "case", "det", "amod", "nmod", "acl", "case", "compound", "compound", "obl", "amod", "det", "obl:tmod", "punct", "det", "nsubj", "case", "compound", "nmod", "root", "mark", "xcomp", "obj", "case", "obl", "case", "nmod:poss", "amod", "nmod", "punct", "det", "nsubj", "case", "compound", "nmod", "cop", "det", "root", "case", "det", "nmod", "punct" ]
[ "Falcon", "Cable", "Systems", "Co.", "said", "it", "proposed", "an", "amendment", "that", "would", "allow", "it", "to", "increase", "its", "debt", "cap", "to", "65", "%", "of", "the", "company", "'s", "fair", "market", "value", "from", "the", "40", "%", "currently", "allowed", ".", "Falcon", ",", "a", "limited", "partnership", ",", "said", "it", "wanted", "the", "increase", "in", "order", "to", "continue", "its", "$", "2.15-per-unit", "annual", "payment", ",", "and", "for", "expansion", "and", "acquisitions", ".", "A", "spokesman", "for", "the", "company", "said", "a", "meeting", "would", "be", "held", "for", "shareholders", "to", "vote", "on", "the", "amendment", "before", "year", "'s", "end", "." ]
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[ "compound", "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "det", "obj", "nsubj", "aux", "acl:relcl", "obj", "mark", "xcomp", "nmod:poss", "compound", "obj", "case", "nummod", "obl", "case", "det", "nmod:poss", "case", "amod", "compound", "nmod", "case", "det", "nummod", "obl", "advmod", "acl", "punct", "nsubj", "punct", "det", "amod", "appos", "punct", "root", "nsubj", "ccomp", "det", "obj", "mark", "fixed", "mark", "dep", "nmod:poss", "amod", "dep", "amod", "obj", "punct", "cc", "case", "conj", "cc", "conj", "punct", "det", "nsubj", "case", "det", "nmod", "root", "det", "nsubj:pass", "aux", "aux:pass", "ccomp", "mark", "nsubj", "mark", "advcl", "case", "det", "obl", "case", "nmod:poss", "case", "obl", "punct" ]
[ "American", "Telephone", "&", "Telegraph", "Co.", "said", "it", "will", "lay", "off", "75", "to", "85", "technicians", "here", ",", "effective", "Nov.", "1", ".", "The", "workers", "install", ",", "maintain", "and", "repair", "its", "private", "branch", "exchanges", ",", "which", "are", "large", "intracompany", "telephone", "networks", "." ]
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[ "compound", "nsubj", "cc", "compound", "conj", "root", "nsubj", "aux", "ccomp", "compound:prt", "compound", "dep", "nummod", "obj", "advmod", "punct", "xcomp", "dep", "nummod", "punct", "det", "nsubj", "root", "punct", "conj", "cc", "conj", "nmod:poss", "amod", "compound", "obj", "punct", "nsubj", "cop", "amod", "amod", "compound", "acl:relcl", "punct" ]
[ "Bear", "Stearns", "'s", "chief", "economist", ",", "Lawrence", "Kudlow", ",", "in", "the", "Sept.", "29", "issue", "of", "the", "firm", "'s", "Global", "Spectator", ":", "Were", "it", "true", "that", "a", "weak", "currency", "paves", "the", "way", "for", "trade", "surpluses", ",", "then", "presumably", "Argentina", "would", "be", "the", "center", "of", "today", "'s", "global", "economy", "." ]
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[ "compound", "nmod:poss", "case", "amod", "root", "punct", "compound", "appos", "punct", "case", "det", "compound", "nummod", "obl", "case", "det", "nmod:poss", "case", "compound", "nmod", "punct", "cop", "nsubj", "advcl", "mark", "det", "amod", "nsubj", "dep", "det", "obj", "case", "compound", "nmod", "punct", "advmod", "advmod", "nsubj", "aux", "cop", "det", "root", "case", "nmod:poss", "case", "amod", "nmod", "punct" ]
[ "John", "Franco", ",", "47", "years", "old", ",", "formerly", "vice", "chairman", "of", "Capital", "Holding", "Corp.", "and", "president", "of", "its", "Accumulation", "Investment", "Group", ",", "was", "named", "chief", "executive", "officer", "of", "this", "insurance", "holding", "company", ",", "effective", "Dec.", "1", ",", "succeeding", "Robert", "T.", "Shaw", ",", "who", "remains", "chairman", ".", "I.C.H.", "also", "named", "Steven", "B.", "Bing", ",", "42", ",", "senior", "vice", "president", "since", "1986", ",", "as", "president", ",", "succeeding", "John", "W.", "Gardiner", ",", "who", "will", "join", "the", "HMS", "Acquisition", "Corp.", "division", "of", "Hicks", ",", "Muse", "&", "Co.", ",", "which", "has", "agreed", "to", "buy", "most", "of", "I.C.H.", "'s", "Denver-based", "subsidiaries", "." ]
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[ "compound", "nsubj:pass", "punct", "compound", "dep", "amod", "punct", "advmod", "compound", "appos", "case", "compound", "compound", "nmod", "cc", "conj", "case", "nmod:poss", "compound", "compound", "nmod", "punct", "aux:pass", "root", "amod", "amod", "xcomp", "case", "det", "compound", "amod", "nmod", "punct", "xcomp", "obl:tmod", "nummod", "punct", "xcomp", "compound", "compound", "obj", "punct", "nsubj", "acl:relcl", "xcomp", "punct", "nsubj", "advmod", "root", "compound", "compound", "obj", "punct", "amod", "punct", "amod", "compound", "appos", "case", "nmod", "punct", "case", "obl", "punct", "advcl", "compound", "compound", "obj", "punct", "nsubj", "aux", "acl:relcl", "det", "compound", "compound", "compound", "obj", "case", "nmod", "punct", "conj", "cc", "conj", "punct", "nsubj", "aux", "acl:relcl", "mark", "xcomp", "obj", "case", "nmod:poss", "case", "amod", "nmod", "punct" ]
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[ "Government", "officials", "here", "and", "in", "other", "countries", "laid", "plans", "through", "the", "weekend", "to", "head", "off", "a", "Monday", "market", "meltdown", "--", "but", "went", "out", "of", "their", "way", "to", "keep", "their", "moves", "quiet", ".", "Federal", "Reserve", "Chairman", "Alan", "Greenspan", "was", "on", "the", "telephones", ",", "making", "it", "clear", "to", "officials", "in", "the", "U.S.", "and", "abroad", "that", "the", "Fed", "was", "prepared", "to", "inject", "massive", "amounts", "of", "money", "into", "the", "banking", "system", ",", "as", "it", "did", "in", "October", "1987", ",", "if", "the", "action", "were", "needed", "to", "prevent", "a", "financial", "crisis", ".", "And", "at", "the", "Treasury", ",", "Secretary", "Nicholas", "Brady", "talked", "with", "friends", "and", "associates", "on", "Wall", "Street", "while", "Assistant", "Secretary", "David", "Mullins", "carefully", "analyzed", "data", "on", "the", "Friday", "market", "plunge", ".", "But", "the", "officials", "feared", "that", "any", "public", "announcements", "would", "only", "increase", "market", "jitters", ".", "In", "addition", ",", "officials", "at", "the", "Fed", "and", "in", "the", "Bush", "administration", "decided", "that", "avoiding", "overt", "actions", "and", "statements", "over", "the", "weekend", "would", "give", "them", "more", "strength", "and", "flexibility", "should", "Friday", "'s", "market", "drop", "turn", "into", "this", "morning", "'s", "rout", ".", "``", "The", "disadvantage", "at", "this", "point", "is", "that", "anything", "you", "do", "that", "looks", "like", "you", "are", "doing", "too", "much", "tends", "to", "reinforce", "a", "sense", "of", "crisis", ",", "''", "said", "one", "government", "official", ",", "insisting", "on", "anonymity", ".", "The", "Fed", "'s", "efforts", "at", "secrecy", "were", "partly", "foiled", "Sunday", "morning", ",", "when", "both", "the", "New", "York", "Times", "and", "the", "Washington", "Post", "carried", "stories", "quoting", "a", "senior", "Fed", "official", "saying", "the", "central", "bank", "was", "prepared", "to", "pour", "cash", "into", "the", "banking", "system", "Monday", "morning", ".", "Fed", "Chairman", "Greenspan", "was", "surprised", "by", "both", "stories", ",", "according", "to", "knowledgeable", "sources", ",", "and", "insisted", "he", "had", "n't", "authorized", "any", "public", "comment", ".", "Nevertheless", ",", "Fed", "officials", "acknowledged", "the", "stories", "were", "reasonably", "accurate", "portrayals", "of", "the", "central", "bank", "'s", "game", "plan", ".", "It", "is", "prepared", "to", "assume", "the", "same", "role", "it", "played", "in", "October", "1987", ",", "providing", "money", "to", "the", "markets", "if", "necessary", "to", "keep", "the", "financial", "system", "afloat", ".", "The", "Fed", "provides", "money", "to", "the", "banking", "system", "by", "buying", "government", "securities", "from", "financial", "institutions", ".", 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"market", "decline", "does", "n't", "signal", "any", "fundamental", "change", "in", "the", "condition", "of", "the", "economy", ",", "''", "he", "said", ".", "``", "The", "economy", "remains", "well-balanced", ",", "and", "the", "outlook", "is", "for", "continued", "moderate", "growth", ".", "''", "But", "administration", "officials", "conceded", "that", "Friday", "'s", "drop", "carried", "the", "chance", "of", "further", "declines", "this", "week", ".", "``", "One", "possibility", "is", "that", "this", "is", "a", "surgical", "setback", ",", "reasonably", "limited", "in", "its", "breadth", ",", "and", "not", "a", "major", "problem", ",", "''", "said", "one", "senior", "administration", "official", ",", "who", "also", "asked", "that", "he", "not", "be", "named", ".", "``", "The", "other", "is", "that", "we", "see", "another", "major", "disaster", ",", "like", "two", "years", "ago", ".", "I", "think", "that", "'s", "less", "likely", ".", "''", "Nevertheless", ",", "Fed", "Chairman", "Greenspan", "and", "Vice", "Chairman", "Manuel", "Johnson", "were", "in", "their", "offices", "Sunday", "evening", ",", "monitoring", "events", "as", "they", "unfolded", "in", "markets", "around", "the", "world", ".", "The", "action", "was", "expected", "to", "begin", "with", "the", "opening", "of", "the", "New", "Zealand", "foreign", "exchange", "markets", "at", "5", "p.m.", "EST", "--", "when", "stocks", "there", "plunged", "--", "and", "to", "continue", "as", "the", "trading", "day", "began", "later", "in", "the", "evening", "in", "Tokyo", "and", "through", "early", "this", "morning", "in", "Europe", ".", "Both", "the", "Treasury", "and", "the", "Fed", "planned", "to", "keep", "market", "rooms", "operating", "throughout", "the", "night", "to", "monitor", "the", "developments", ".", "In", "Tokyo", ",", "share", "prices", "dropped", "sharply", "by", "1.7", "%", "in", "early", "Monday", "morning", "trading", ".", "After", "the", "initial", "slide", ",", "the", "market", "appeared", "to", "be", "turning", "around", "but", "by", "early", "afternoon", "was", "headed", "lower", ".", "In", "the", "Bush", "administration", ",", "the", "lead", "is", "being", "taken", "by", "Treasury", "Secretary", "Brady", ",", "Undersecretary", "Robert", "Glauber", "and", "Assistant", "Secretary", "Mullins", ".", "The", "three", "men", "worked", "together", "on", "the", "so-called", "Brady", "Commission", ",", "headed", "by", "Mr.", "Brady", ",", "which", "was", "established", "after", "the", "1987", "crash", "to", "examine", "the", "market", "'s", "collapse", ".", "As", "a", "result", "they", "have", "extensive", "knowledge", "in", "financial", "markets", ",", "and", "financial", "market", "crises", ".", "Mr.", "Brady", "was", "at", "the", "White", "House", "Friday", "afternoon", "when", "the", "stock", "market", "'s", "decline", "began", ".", "He", "was", "quickly", "on", "the", "phone", "with", "Mr.", "Mullins", ",", "who", "in", "turn", "was", "talking", "with", "the", "chairmen", "of", "the", "New", "York", "and", "Chicago", "exchanges", ".", "Later", ",", "Mr.", "Brady", "phoned", "Mr.", "Greenspan", ",", "SEC", "Chairman", "Richard", "Breeden", "and", "numerous", "contacts", "in", "New", "York", "and", "overseas", ".", "Aides", "say", "he", "continued", "to", "work", "the", "phones", "through", "the", "weekend", ".", "Administration", "officials", "say", "President", "Bush", "was", "briefed", "throughout", "Friday", "afternoon", "and", "evening", ",", "even", "after", "leaving", "for", "Camp", "David", ".", "He", "had", "frequent", "telephone", "consultations", "with", "Mr.", "Brady", "and", "Michael", "Boskin", ",", "chairman", "of", "the", "counsel", "of", "economic", "advisers", ".", "Government", "officials", "tried", "throughout", "the", "weekend", "to", "render", "a", "business-as-usual", "appearance", "in", "order", "to", "avoid", "any", "sense", "of", "panic", ".", "Treasury", "Undersecretary", "David", "Mulford", ",", "for", "instance", ",", "was", "at", "a", "meeting", "of", "the", "Business", "Council", "in", "Hot", "Springs", ",", "Va.", ",", "when", "the", "stock", "market", "fell", ",", "and", "remained", "there", "through", "the", "following", "day", ".", "And", "as", "of", "last", "night", ",", "Fed", "Chairman", "Greenspan", "had", "n't", "canceled", "his", "plans", "to", "address", "the", "American", "Bankers", "Association", "convention", "in", "Washington", "at", "10", "a.m.", "this", "morning", ".", "Ironically", ",", "Mr.", "Greenspan", "was", "scheduled", "to", "address", "the", "same", "convention", "in", "Dallas", "on", "Oct.", "20", ",", "1987", ".", "He", "flew", "to", "Dallas", "on", "Oct.", "19", ",", "when", "the", "market", "plummeted", "508", "points", ",", "but", "then", "turned", "around", "the", "next", "morning", "and", "returned", "to", "Washington", "without", "delivering", "his", "speech", "." ]
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[ "compound", "nsubj", "cc", "compound", "conj", "root", "nsubj", "ccomp", "det", "advmod", "amod", "obj", "case", "nmod:poss", "case", "amod", "amod", "compound", "compound", "nmod", "case", "nmod", "punct", "nsubj", "punct", "det", "amod", "amod", "appos", "case", "amod", "amod", "nmod", "punct", "root", "obj", "compound", "nummod", "case", "nmod", "case", "obl", "punct", "det", "amod", "appos", "case", "compound", "nmod", "punct", "compound", "nsubj", "root", "obj", "cc", "conj", "acl", "mark", "xcomp", "obj", "punct" ]
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"said", "any", "buy-out", "would", "be", "led", "by", "the", "current", "board", ",", "whose", "chairman", "is", "Maurice", "Saatchi", "and", "whose", "strategic", "guiding", "force", "is", "believed", "to", "be", "Charles", "Saatchi", ".", "Mr.", "Spielvogel", "is", "n't", "part", "of", "the", "board", ",", "nor", "are", "any", "of", "the", "other", "heads", "of", "Saatchi", "'s", "big", "U.S.-based", "ad", "agencies", ".", "The", "executive", "did", "n't", "name", "any", "price", ",", "but", "securities", "analysts", "have", "said", "Saatchi", "would", "fetch", "upward", "of", "$", "1.3", "billion", ".", "The", "executive", "denied", "speculation", "that", "Saatchi", "was", "bringing", "in", "the", "new", "chief", "executive", "officer", "only", "to", "clean", "up", "the", "company", "financially", "so", "that", "the", "brothers", "could", "lead", "a", "buy-back", ".", "That", "speculation", "abounded", "Friday", "as", "industry", "executives", "analyzed", "the", "appointment", "of", "the", "new", "chief", "executive", ",", "Robert", "Louis-Dreyfus", ",", "who", "joins", "Saatchi", "and", "becomes", "a", "member", "of", "its", "board", "on", "Jan.", "1", ".", "Mr.", "Louis-Dreyfus", ",", "formerly", "chief", "executive", "of", "the", "pharmaceutical", "research", "firm", "IMS", "International", "Inc.", ",", "has", "a", "reputation", "as", "a", "savvy", "financial", "manager", ",", "and", "will", "be", "charged", "largely", "with", "repairing", "Saatchi", "'s", "poor", "financial", "state", ".", "Asked", "about", "the", "speculation", "that", "Mr.", "Louis-Dreyfus", "has", "been", "hired", "to", "pave", "the", "way", "for", "a", "buy-out", "by", "the", "brothers", ",", "the", "executive", "replied", ",", "``", "That", "is", "n't", "the", "reason", "Dreyfus", "has", "been", "brought", "in", ".", "He", "was", "brought", "in", "to", "turn", "around", "the", "company", ".", "''", "Separately", ",", "several", "Saatchi", "agency", "clients", "said", "they", "believe", 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"compound", "compound", "obj", "cc", "compound", "conj", "case", "compound", "obl", "case", "nmod", "case", "amod", "nmod", "punct" ]
[ "Eagle", "Clothes", "Inc.", ",", "which", "is", "operating", "under", "Chapter", "11", "of", "the", "federal", "Bankruptcy", "Code", ",", "said", "it", "reached", "an", "agreement", "with", "its", "creditors", ".", "Under", "the", "accord", ",", "Albert", "Roth", ",", "chairman", "and", "chief", "executive", "officer", ",", "and", "Arthur", "Chase", ",", "Sam", "Beigel", ",", "and", "Louis", "Polsky", "will", "resign", "as", "officers", "and", "directors", "of", "the", "menswear", "retailer", ".", "Mr.", "Roth", ",", "who", "has", "been", "on", "leave", "from", "his", "posts", ",", "will", "be", "succeeded", "by", "Geoffrie", "D.", "Lurie", "of", "GDL", "Management", "Inc.", ",", "which", "is", "Eagle", "'s", "crisis", "manager", ".", "Mr.", "Lurie", "is", "currently", "co-chief", "executive", ".", "Arnold", "Levine", ",", "acting", "co-chief", "executive", ",", "will", "continue", "as", "senior", "vice", "president", "and", "a", "board", "member", ".", "Eagle", "also", "said", "it", "received", "a", "commitment", "for", "as", "much", "as", "$", "8", "million", "in", "financing", "from", "Norfolk", "Capital", "Group", "Inc", ".", "In", "addition", ",", "a", "Norfolk", "affiliate", ",", "York", "Capital", "Inc.", ",", "will", "purchase", "all", "of", "the", "interests", "of", "Eagle", "'s", "secured", "lenders", ",", "which", "total", "$", "11.5", "million", ",", "and", "guarantee", "as", "much", "as", "$", "8.2", "million", "in", "payments", "to", "Eagle", "'s", "unsecured", "creditors", ".", "A", "committee", "representing", "the", "unsecured", "creditors", "agreed", "to", "accept", "24", "cents", "on", "the", "dollar", ",", "Eagle", "said", ".", "The", "plan", "would", "extend", "the", "period", "under", "which", "Eagle", "has", "the", "exclusive", "right", "to", "file", "a", "reorganization", "plan", ".", "It", "would", "extinguish", "all", "of", "Eagle", "'s", "existing", "capital", "stock", "and", "issue", "new", "stock", "to", "York", "as", "sole", "holder", ".", "A", "bankruptcy", "court", "hearing", "is", "set", "for", "Nov.", "3", "on", "these", "accords", ".", "In", "its", "bankruptcy-law", "petition", ",", "filed", "in", "U.S.", "Bankruptcy", "Court", "in", "Manhattan", ",", "Eagle", "said", "its", "problems", "began", "in", "1987", "and", "early", "1988", "when", "its", "then-senior", "lender", ",", "Bankers", "Trust", "Co.", ",", "reduced", "its", "credit", "line", ".", "In", "September", "1988", ",", "Eagle", "acquired", "Biny", "Clothing", "Inc.", ",", "a", "closely", "held", "New", "York", "chain", "operated", "under", "the", "Bonds", "name", ".", "Eagle", "'s", "management", "retired", "and", "Biny", "'s", "management", "took", "control", "of", "the", "company", ".", "At", "the", "time", ",", "Eagle", "reached", "a", "new", "credit", "agreement", "with", "Bankers", "Trust", "and", "with", "Bank", "Leumi", "Trust", "Co.", "of", "New", "York", "for", "$", "8", "million", ",", "and", "a", "new", "subordinated", "debt", "accord", "with", "First", "Century", "Partners", "and", "Biny", "management", "for", "$", "2", "million", ".", "But", "Eagle", "said", "the", "financing", "was", "insufficient", "and", "sales", "during", "the", "past", "fiscal", "year", "sagged", ".", "Under", "Chapter", "11", ",", "a", "company", "operates", "under", "protection", "from", "creditors", "'", "lawsuits", "while", "it", "works", "out", "a", "plan", "to", "pay", "debts", "." ]
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[ "compound", "compound", "nsubj", "punct", "nsubj", "aux", "acl:relcl", "case", "obl", "nummod", "case", "det", "amod", "compound", "nmod", "punct", "root", "nsubj", "ccomp", "det", "obj", "case", "nmod:poss", "nmod", "punct", "case", "det", "obl", "punct", "compound", "nsubj", "punct", "appos", "cc", "compound", "compound", "conj", "punct", "cc", "compound", "conj", "punct", "compound", "conj", "punct", "cc", "compound", "conj", "aux", "root", "case", "obl", "cc", "conj", "case", "det", "compound", "nmod", "punct", "compound", "nsubj:pass", "punct", "nsubj", "aux", "cop", "case", "acl:relcl", "case", "nmod:poss", "nmod", "punct", "aux", "aux:pass", "root", "case", "compound", "compound", "obl", "case", "compound", "compound", "nmod", "punct", "nsubj", "cop", "nmod:poss", "case", "compound", "acl:relcl", "punct", "compound", "nsubj", "cop", "advmod", "compound", "root", "punct", "compound", "nsubj", "punct", "amod", "compound", "appos", "punct", "aux", "root", "advmod", "amod", "compound", "obl", "cc", "det", "compound", "conj", "punct", "nsubj", "advmod", "root", "nsubj", "ccomp", "det", "obj", "case", "advmod", "advmod", "advmod", "nmod", "compound", "nummod", "case", "nmod", "case", "compound", "compound", "compound", "nmod", "punct", "case", "obl", "punct", "det", "compound", "nsubj", "punct", "compound", "compound", "appos", "punct", "aux", "root", "obj", "case", "det", "nmod", "case", "nmod:poss", "case", "amod", "nmod", "punct", "nsubj", "acl:relcl", "obj", "compound", "nummod", "punct", "cc", "conj", "advmod", "advmod", "advmod", "obj", "compound", "nummod", "case", "nmod", "case", "nmod:poss", "case", "amod", "nmod", "punct", "det", "nsubj", "acl", "det", "amod", "obj", "ccomp", "mark", "xcomp", "nummod", "obj", "case", "det", "nmod", "punct", "nsubj", "root", "punct", "det", "nsubj", "aux", "root", "det", "obj", "case", "obl", "nsubj", "acl:relcl", "det", "amod", "obj", "mark", "acl", "det", "compound", "obj", "punct", "nsubj", "aux", "root", "obj", "case", "nmod:poss", "case", "amod", "compound", "nmod", "cc", "conj", "amod", "obj", "case", "obl", "case", "amod", "nmod", "punct", "det", "compound", "compound", "nsubj:pass", "aux:pass", "root", "case", "obl", "nummod", "case", "det", "obl", "punct", "case", "nmod:poss", "compound", "obl", "punct", "acl", "case", "compound", "compound", "obl", "case", "nmod", "punct", "nsubj", "root", "nmod:poss", "nsubj", "ccomp", "case", "obl", "cc", "advmod", "conj", "advmod", "nmod:poss", "amod", "nsubj", "punct", "compound", "compound", "appos", "punct", "acl:relcl", "nmod:poss", "compound", "obj", "punct", "case", "obl", "nummod", "punct", "nsubj", "root", "compound", "compound", "obj", "punct", "det", "advmod", "amod", "compound", "compound", "appos", "acl", "case", "det", "compound", "obl", "punct", "nmod:poss", "case", "nsubj", "root", "cc", "nmod:poss", "case", "nsubj", "conj", "obj", "case", "det", "nmod", "punct", "case", "det", "obl", "punct", "nsubj", "root", "det", "amod", "compound", "obj", "case", "compound", "nmod", "cc", "case", "compound", "compound", "compound", "conj", "case", "compound", "nmod", "case", "nmod", "compound", "nummod", "punct", "cc", "det", "amod", "amod", "compound", "conj", "case", "compound", "compound", "nmod", "cc", "compound", "conj", "case", "nmod", "compound", "nummod", "punct", "cc", "nsubj", "root", "det", "nsubj", "cop", "dep", "cc", "nsubj", "case", "det", "amod", "amod", "nmod", "conj", "punct", "case", "obl", "nummod", "punct", "det", "nsubj", "root", "case", "obl", "case", "nmod:poss", "case", "nmod", "mark", "nsubj", "advcl", "compound:prt", "det", "obj", "mark", "acl", "obj", "punct" ]
[ "Ocean", "Drilling", "&", "Exploration", "Co.", "will", "sell", "its", "contract-drilling", "business", ",", "and", "took", "a", "$", "50.9", "million", "loss", "from", "discontinued", "operations", "in", "the", "third", "quarter", "because", "of", "the", "planned", "sale", ".", "The", "New", "Orleans", "oil", "and", "gas", "exploration", "and", "diving", "operations", "company", "added", "that", "it", "does", "n't", "expect", "any", "further", "adverse", "financial", "impact", "from", "the", "restructuring", ".", "In", "the", "third", "quarter", ",", "the", "company", ",", "which", "is", "61%-owned", "by", "Murphy", "Oil", "Corp.", "of", "Arkansas", ",", "had", "a", "net", "loss", "of", "$", "46.9", "million", ",", "or", "91", "cents", "a", "share", ",", "compared", "with", "a", "restated", "loss", "of", "$", "9", "million", ",", "or", "18", "cents", "a", "share", ",", "a", "year", "ago", ".", "The", "latest", "period", "had", "profit", "from", "continuing", "operations", "of", "$", "4", "million", ".", "Revenue", "gained", "13", "%", "to", "$", "77.3", "million", "from", "$", "68.5", "million", ".", "Ocean", "Drilling", "said", "it", "will", "offer", "15", "%", "to", "20", "%", "of", "the", "contract-drilling", "business", "through", "an", "initial", "public", "offering", "in", "the", "near", "future", ".", "It", "has", "long", "been", "rumored", "that", "Ocean", "Drilling", "would", "sell", "the", "unit", "to", "concentrate", "on", "its", "core", "oil", "and", "gas", "business", ".", "Ocean", "Drilling", "said", "it", "wo", "n't", "hold", "any", "shares", "of", "the", "new", "company", "after", "the", "restructuring", "." ]
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[ "compound", "nsubj", "cc", "compound", "conj", "aux", "root", "nmod:poss", "compound", "obj", "punct", "cc", "conj", "det", "amod", "compound", "nummod", "obj", "case", "amod", "nmod", "case", "det", "amod", "obl", "case", "fixed", "det", "amod", "obl", "punct", "det", "compound", "compound", "nsubj", "cc", "compound", "conj", "cc", "compound", "compound", "conj", "root", "mark", "nsubj", "aux", "advmod", "ccomp", "det", "amod", "amod", "amod", "obj", "case", "det", "obl", "punct", "case", "det", "amod", "obl", "punct", "det", "nsubj", "punct", "nsubj", "aux", "acl:relcl", "case", "compound", "compound", "obl", "case", "nmod", "punct", "root", "det", "amod", "obj", "case", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "case", "det", "amod", "nmod", "case", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "det", "obl:npmod", "advmod", "punct", "det", "amod", "nsubj", "root", "obj", "case", "amod", "nmod", "case", "nmod", "compound", "nummod", "punct", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "punct", "compound", "nsubj", "root", "nsubj", "aux", "ccomp", "compound", "dep", "dep", "compound", "obj", "case", "det", "compound", "nmod", "case", "det", "amod", "amod", "obl", "case", "det", "amod", "obl", "punct", "nsubj:pass", "aux", "advmod", "aux:pass", "root", "mark", "compound", "nsubj", "aux", "ccomp", "det", "obj", "mark", "advcl", "case", "nmod:poss", "compound", "obl", "cc", "compound", "conj", "punct", "compound", "nsubj", "root", "nsubj", "aux", "advmod", "ccomp", "det", "obj", "case", "det", "amod", "nmod", "case", "obl", "amod", "punct" ]
[ "Many", "in", "Washington", "say", "President", "Bush", "will", "have", "to", "raise", "taxes", "to", "pay", "for", "his", "war", "on", "drugs", ".", "We", "have", "a", "better", "idea", ":", "Dismantle", "HUD", "to", "pay", "for", "the", "war", "on", "drugs", ".", "Housing", "and", "Urban", "Development", "'s", "budget", "is", "$", "17", "billion", ".", "From", "what", "we", "and", "the", "nation", "have", "been", "reading", ",", "the", "money", "is", "n't", "being", "spent", "very", "well", ".", "The", "single", "most", "important", "contribution", "the", "government", "could", "make", "now", "to", "help", "the", "poor", "is", "to", "get", "the", "specter", "of", "drugs", "out", "of", "their", "neighborhoods", ".", "If", "that", "takes", "money", ",", "take", "it", "away", "from", "this", "discredited", "federal", "department", ".", "But", "of", "course", "the", "Democrats", "pillorying", "HUD", "in", "hearings", "and", "in", "the", "press", "have", "no", "such", "solution", "in", "mind", ".", "Instead", ",", "they", "'re", "scrambling", "to", "protect", "the", "very", "programs", "at", "the", "heart", "of", "the", "HUD", "scandal", ".", "This", "month", ",", "HUD", "Secretary", "Jack", "Kemp", "unveiled", "a", "series", "of", "proposed", "reforms", "to", "improve", "management", "at", "HUD", ".", "No", "doubt", "many", "of", "his", "ideas", "are", "worthy", ",", "but", "ultimately", "he", "is", "proposing", "to", "make", "fundamentally", "flawed", "programs", "work", "slightly", "more", "fairly", "and", "efficiently", ".", "Congress", "is", "unlikely", "to", "go", "even", "that", "far", ".", "Last", "week", ",", "Secretary", "Kemp", "ran", "into", "a", "buzzsaw", "of", "criticism", "from", "House", "Banking", "Committee", "members", ".", "They", "were", "appalled", ",", "for", "instance", ",", "that", "he", "wanted", "to", "target", "more", "of", "the", "$", "3", "billion", "Community", "Development", "Block", "Grant", "(", "CDBG", ")", "program", "to", "low-income", "projects", "and", "zero", "out", "the", "notorious", "``", "discretionary", "''", "funds", "that", "have", "allowed", "HUD", "officials", "to", "steer", "contracts", "to", "political", "cronies", ".", "These", "development", "grants", "mainly", "enrich", "developers", "who", "want", "to", "put", "up", "shopping", "centers", "and", "parking", "garages", ".", "They", "also", "give", "those", "in", "Congress", "political", "credit", "for", "bringing", "home", "the", "pork", ",", "and", "so", "they", "are", "popular", "with", "such", "Members", "as", "Mary", "Rose", "Oakar", ".", "Rep.", "Oakar", ",", "a", "Democrat", "from", "Cleveland", ",", "wants", "a", "$", "6.9", "million", "grant", "so", "Cleveland", "can", "build", "an", "18-story", "Rock", "and", "Roll", "Hall", "of", "Fame", ".", "She", "says", "it", "'d", "create", "600", "jobs", "and", "bring", "Cleveland", "tourist", "revenue", ".", "HUD", "says", "the", "project", "does", "n't", "qualify", ",", "and", "Mr.", 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[ "A", "seat", "on", "the", "Chicago", "Board", "of", "Trade", "was", "sold", "for", "$", "390,000", ",", "unchanged", "from", "the", "previous", "sale", "Oct.", "13", ".", "Seats", "currently", "are", "quoted", "at", "$", "361,000", "bid", ",", "$", "395,000", "asked", ".", "The", "record", "price", "for", "a", "full", "membership", "on", "the", "exchange", "is", "$", "550,000", ",", "set", "Aug.", "31", ",", "1987", "." ]
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[ "The", "following", "issues", "were", "recently", "filed", "with", "the", "Securities", "and", "Exchange", "Commission", ":", "American", "Cyanamid", "Co.", ",", "offering", "of", "1,250,000", "common", "shares", ",", "via", "Merrill", "Lynch", "Capital", "Markets", ".", "Limited", "Inc.", ",", "offering", "of", "up", "to", "$", "300", "million", "of", "debt", "securities", "and", "warrants", ".", "Nuveen", "California", "Performance", "Plus", "Municipal", "Fund", "Inc.", ",", "initial", "offering", "of", "five", "million", "common", "shares", ",", "via", "Alex", ".", "Brown", "&", "Sons", "Inc.", ",", "John", "Nuveen", "&", "Co.", ",", "Prudential-Bache", "Capital", "Funding", ",", "and", "Bateman", "Eichler", ",", "Hill", "Richards", ".", "PacifiCare", "Health", "Systems", "Inc.", ",", "proposed", "offering", "of", "1.5", "million", "common", "shares", ",", "of", "which", "700,000", "shares", "will", "be", "offered", "by", "PacifiCare", "and", "800,000", "shares", "by", "UniHealth", "America", "Inc", ".", "(", "PacifiCare", "'s", "71", "%", ")", ",", "via", "Dillon", ",", "Read", "&", "Co.", "Inc.", ",", "Goldman", ",", "Sachs", "&", "Co.", "and", "Dean", "Witter", "Reynolds", "Inc", ".", "Pricor", "Inc.", ",", "offering", "of", "one", "million", "new", "shares", "of", "common", "stock", "and", "300,000", "shares", "by", "holders", ",", "via", "Drexel", "Burnham", "Lambert", "Inc.", "and", "J.C.", "Bradford", "&", "Co", ".", "Trans", "World", "Airlines", "Inc.", ",", "offering", "of", "$", "150", "million", "senior", "notes", ",", "via", "Drexel", "Burnham", "." ]
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[ "NEWSPAPERS", ":", "Media", "General", "Inc.", "intends", "to", "sell", "two", "of", "its", "West", "Coast", "weekly", "newspaper", "chains", ",", "Golden", "West", "Publishing", "Inc.", "and", "Highlander", "Publications", ",", "which", "together", "comprise", "31", "papers", ".", "Media", "General", "said", "it", "has", "had", "inquiries", "from", "potential", "buyers", "and", "expects", "to", "complete", "a", "sale", "in", "1989", ".", "It", "would", "n't", "discuss", "a", "price", ".", "Lee", "Dirks", "&", "Associates", "is", "to", "sell", "the", "chains", "." ]
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[ "root", "punct", "compound", "compound", "nsubj", "root", "mark", "xcomp", "obj", "case", "nmod:poss", "compound", "compound", "amod", "compound", "nmod", "punct", "compound", "compound", "compound", "dep", "cc", "compound", "conj", "punct", "nsubj", "advmod", "acl:relcl", "nummod", "obj", "punct", "compound", "nsubj", "root", "nsubj", "aux", "ccomp", "obj", "case", "amod", "nmod", "cc", "conj", "mark", "xcomp", "det", "obj", "case", "obl", "punct", "nsubj", "aux", "advmod", "root", "det", "obj", "punct", "compound", "nsubj", "cc", "conj", "root", "mark", "xcomp", "det", "obj", "punct" ]
[ "A", "federal", "appeals", "court", "struck", "down", "a", "natural-gas", "regulation", "that", "had", "prevented", "pipeline", "companies", "from", "passing", "to", "customers", "part", "of", "$", "1", "billion", "in", "costs", "from", "controversial", "``", "take-or-pay", "''", "contracts", ".", "The", "court", ",", "in", "a", "3-0", "ruling", ",", "threw", "out", "a", "deadline", "set", "by", "the", "Federal", "Energy", "Regulatory", "Commission", "for", "settling", "old", "contract", "disputes", "over", "gas", "that", "the", "pipeline", "companies", "reserved", "but", "did", "n't", "use", ".", "FERC", "'s", "regulation", "had", "given", "pipelines", "until", "March", "31", ",", "1989", ",", "to", "pass", "on", "to", "customers", "as", "much", "as", "50", "%", "of", "the", "costs", "of", "buying", "out", "their", "broken", "contracts", ",", "which", "were", "made", "with", "producers", "when", "gas", "prices", "were", "high", "and", "supplies", "short", ".", "A", "majority", "of", "old", "contracts", "were", "renegotiated", "by", "the", "deadline", "and", "settled", "at", "steep", "discounts", ".", "But", "pipeline", "companies", "estimate", "they", "still", "face", "$", "2.4", "billion", "in", "liabilities", "from", "unresolved", "disputes", ",", "including", "$", "1", "billion", "they", "fear", "they", "wo", "n't", "be", "able", "to", "pass", "on", "to", "customers", ".", "According", "to", "industry", "lawyers", ",", "the", "ruling", "gives", "pipeline", "companies", "an", "important", "second", "chance", "to", "resolve", "remaining", "disputes", "and", "take", "advantage", "of", "the", "cost-sharing", "mechanism", ".", "The", "court", "left", "open", "whether", "FERC", "could", "reimpose", "a", "new", "deadline", "later", ".", "The", "court", ",", "agreeing", "with", "pipeline", "companies", ",", "found", "the", "March", "31", "deadline", "was", "``", "arbitrary", "and", "capricious", "''", "and", "``", "highly", "prejudicial", "to", "the", "bargaining", "power", "of", "pipelines", "''", "that", "were", "forced", "to", "negotiate", "settlement", "of", "the", "old", "take-or-pay", "contracts", "to", "meet", "the", "deadline", ".", "A", "report", "last", "month", "by", "the", "Interstate", "Natural", "Gas", "Association", "of", "America", "found", "that", "pipelines", "'", "settlement", "costs", "had", "jumped", "in", "the", "three", "months", "before", "the", "deadline", "to", "39", "cents", "on", "the", "dollar", ",", "from", "22", "cents", "on", "the", "dollar", "in", "1988", ".", "The", "court", "ordered", "FERC", "to", "justify", "within", "60", "days", "not", "only", "its", "cost-sharing", "deadline", ",", "but", "other", "major", "elements", "of", "its", "proposed", "regulation", "for", "introducing", "more", "competition", "into", "natural-gas", "transportation", ".", "The", "court", "also", "questioned", "a", "crediting", "mechanism", "that", "could", "be", "used", "to", "resolve", "take-or-pay", "liabilities", ".", "The", "complex", "regulation", ",", "known", "in", "the", "industry", "as", "Order", "500", ",", "has", "been", "hotly", "contested", "by", "all", "sides", ",", "including", "natural-gas", "producers", ",", "pipelines", ",", "local", "distribution", "companies", "and", "consumers", ".", "The", "court", "'s", "decision", "would", "allow", "FERC", "to", "change", "some", "of", "its", "provisions", ",", "but", "ensures", "it", "will", "be", "reviewed", "again", "quickly", "by", "the", "court", "." ]
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[ "David", "W.", "Lodge", "was", "elected", "vice", "president", "and", "chief", "financial", "officer", ",", "effective", "Nov.", "1", ".", "Mr.", "Lodge", ",", "48", "years", "old", ",", "a", "former", "finance", "executive", "at", "Singer", "Sewing", "Machine", "Co.", "and", "Celanese", "Corp.", ",", "succeeds", "Francis", "L.", "Brophy", ",", "64", ",", "who", "plans", "to", "retire", "from", "the", "company", "next", "year", "." ]
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[ "compound", "compound", "nsubj:pass", "aux:pass", "root", "compound", "xcomp", "cc", "compound", "amod", "conj", "punct", "amod", "obl:tmod", "nummod", "punct", "compound", "nsubj", "punct", "nummod", "obl:npmod", "amod", "punct", "det", "amod", "compound", "appos", "case", "compound", "compound", "compound", "nmod", "cc", "compound", "conj", "punct", "root", "compound", "compound", "obj", "punct", "amod", "punct", "nsubj", "acl:relcl", "mark", "xcomp", "case", "det", "obl", "amod", "obl:tmod", "punct" ]
[ "Democracy", "is", "making", "a", "return", "with", "a", "vengeance", "to", "Latin", "America", "'s", "most", "populous", "and", "deeply", "indebted", "country", ".", "On", "Nov.", "15", ",", "when", "Brazilians", "elect", "a", "president", "for", "the", "first", "time", "in", "29", "years", ",", "the", "country", "'s", "82", "million", "voters", "will", "have", "22", "candidates", "to", "choose", "from", ".", "The", "candidates", "have", "been", "crisscrossing", "this", "huge", "country", "of", "145", "million", "people", ",", "holding", "rallies", "and", "televised", "debates", "in", "hope", "of", "being", "elected", "to", "what", "must", "be", "one", "of", "the", "world", "'s", "most", "thankless", "political", "jobs", ":", "trying", "to", "drag", "Brazil", "out", "of", "its", "economic", "and", "social", "mess", ".", "``", "I", "feel", "sorry", "for", "whoever", "wins", ",", "''", "says", "a", "Brazilian", "diplomat", ".", "Who", "that", "winner", "will", "be", "is", "highly", "uncertain", ".", "A", "half-dozen", "candidates", ",", "backing", "policies", "ranging", "from", "Thatcherism", "to", "watered-down", "Marxism", ",", "are", "given", "a", "chance", "of", "winning", ".", "``", "Whoever", "says", "he", "knows", "which", "of", "the", "six", "will", "win", "is", "out", "of", "his", "mind", ",", "''", "says", "Antonio", "Britto", ",", "a", "centrist", "member", "of", "Parliament", ".", "The", "favorite", "remains", "Fernando", "Collor", "de", "Mello", ",", "a", "40-year-old", "former", "governor", "of", "the", "state", "of", "Alagoas", ".", "He", "came", "out", "of", "nowhere", "to", "grab", "the", "lead", "in", "opinion", "polls", ",", "probably", "less", "because", "of", "his", "vague", "program", "to", "``", "build", "a", "new", "Brazil", "''", "than", "because", "of", "his", "good", "looks", ",", "the", "open", "backing", "of", "the", "powerful", "Rede", "Globo", "television", "network", "and", "his", "reputation", "as", "a", "hunter", "of", "``", "maharajahs", ",", "''", "or", "overpaid", "and", "underworked", "civil", "servants", ".", "But", "after", "building", "up", "a", "commanding", "lead", ",", "the", "moderate", "to", "conservative", "Mr.", "Collor", "has", "slipped", "to", "about", "30", "%", "in", "the", "polls", "from", "a", "high", "of", "about", "43", "%", "only", "a", "few", "weeks", "ago", ".", "To", "avoid", "a", "runoff", ",", "one", "candidate", "would", "have", "to", "win", "50", "%", "of", "the", "vote", "--", "a", "feat", "that", "most", "analysts", "consider", "impossible", "with", "so", "many", "candidates", "running", ".", "Two", "left-wing", "politicians", ",", "Socialist", "Leonel", "Brizola", ",", "a", "former", "governor", "of", "Rio", "de", "Janeiro", "state", ",", "and", "Marxist-leaning", "Luis", "Inacio", "da", "Silva", ",", "currently", "are", "running", "neck", "and", "neck", "at", "about", "15", "%", ",", "and", "three", "other", "candidates", "are", "given", "a", "chance", "of", "reaching", "the", "Dec.", "17", "runoff", "election", "between", "the", "two", "biggest", "vote-getters", ":", "Social", "Democrat", "Mario", "Covas", "and", "two", "conservatives", ",", "Paulo", "Salim", "Maluf", ",", "a", "former", "governor", "of", "the", "state", "of", "Sao", "Paulo", ",", "and", "Guilherme", "Afif", "Domingos", ".", "The", "uncertainty", "is", "sending", "shivers", "through", "Brazilian", "financial", "markets", ".", "The", "dollar", ",", "the", "best", "indicator", "of", "the", "country", "'s", "mood", ",", "has", "skyrocketed", "on", "the", "parallel", "market", ",", "as", "has", "gold", ".", "Capital", "flight", "is", "reported", "to", "be", "strong", ".", "The", "big", "question", "is", "whether", "the", "new", "president", "will", "have", "the", "strength", "and", "the", "political", "support", "in", "Congress", "to", "take", "steps", "to", "cure", "Brazil", "'s", "economic", "ills", ".", "President", "Jose", "Sarney", ",", "who", "took", "office", "in", "1985", "when", "the", "man", "picked", "by", "an", "electoral", "college", "became", "critically", "ill", ",", "appears", "to", "be", "simply", "trying", "to", "avoid", "hyperinflation", ".", "The", "unpopular", "Mr.", "Sarney", ",", "whose", "task", "was", "to", "bring", "about", "a", "smooth", "transition", "to", "democracy", "after", "21", "years", "of", "military", "rule", ",", "is", "n't", "seeking", "re-election", ".", "What", "comes", "out", "of", "the", "ballot", "box", "could", "be", "crucial", "in", "determining", "whether", "Brazil", "finally", "lives", "up", "to", "the", "potential", "of", "the", "world", "'s", "eighth", "largest", "economy", "or", "keeps", "living", "up", "to", "its", "other", ",", "less", "enviable", "title", ":", "that", "of", "the", "developing", "world", "'s", "largest", "debtor", ",", "teetering", "on", "the", "brink", "of", "hyperinflation", ",", "mired", "in", "deficits", "and", "stagnation", ",", "with", "huge", "economic", "inequalities", "and", "social", "discontent", "boiling", "under", "the", "surface", ".", "If", "Brazil", "devises", "an", "economic", "strategy", "allowing", "it", "to", "resume", "growth", "and", "service", "debt", ",", "this", "could", "lead", "it", "to", "open", "up", "and", "deregulate", "its", "sheltered", "economy", ",", "analysts", "say", ",", "just", "as", "Argentinian", "President", "Carlos", "Saul", "Menem", "has", "been", "doing", "even", "though", "he", "was", "elected", "on", "a", "populist", "platform", ".", "``", "Depending", "on", "the", "president", ",", "we", "could", "either", "be", "a", "trillion-dollar", "economy", "by", "the", "end", "of", "the", "century", "or", "stay", "where", "we", "are", ",", "''", "says", "political", "scientist", "Amaury", "de", "Souza", ".", "``", "And", "where", "we", "are", "is", "bad", ".", "''", "Despite", "valiant", "efforts", "by", "Finance", "Minister", "Mailson", "Ferreira", "da", "Nobrega", ",", "inflation", "came", "to", "36", "%", "in", "September", "alone", "and", "is", "expected", "to", "top", "1,000", "%", "for", "the", "year", ".", "That", "might", "have", "been", "considered", "hyperinflation", "not", "long", "ago", ",", "but", "Argentina", "endured", "price", "increases", "of", "almost", "200", "%", "in", "July", "before", "bringing", "the", "rate", "down", "sharply", "in", "August", "and", "September", ".", "Still", ",", "massive", "internal", "debt", "has", "forced", "the", "government", "to", "borrow", "massively", "on", "the", "domestic", "market", "and", "to", "offer", "inflation-adjusted", "returns", "of", "2", "%", "to", "3", "%", "a", "month", "just", "to", "get", "investors", "to", "hold", "on", "to", "its", "paper", ".", "About", "$", "70", "billion", "is", "estimated", "to", "be", "tied", "up", "in", "the", "short-term", "money", "market", ",", "which", "acts", "both", "as", "a", "hedge", "against", "inflation", "for", "consumers", "and", "an", "accelerator", "of", "inflation", "and", "deficits", "for", "the", "government", ".", "By", "some", "estimates", ",", "Brazil", "'s", "internal", "debt", ",", "or", "combined", "public", "deficit", ",", "could", "reach", "6.5", "%", "of", "its", "$", "351", "billion", "gross", "domestic", "product", ".", "Much", "of", "the", "money", "goes", "into", "subsidies", "or", "keeping", "inefficient", "state-controlled", "companies", "operating", ".", "Among", "the", "results", "is", "a", "frequent", "breakdown", "of", "public", "services", ".", "It", "'s", "not", "uncommon", "to", "wait", "three", "minutes", "for", "a", "dial", "tone", "after", "picking", "up", "the", "telephone", ",", "and", "then", "to", "be", "interrupted", "by", "a", "busy", "signal", "before", "finishing", "dialing", "the", "number", ".", "Officials", "also", "say", "a", "national", "electricity", "shortage", "might", "not", "be", "far", "off", ".", "Economists", ",", "businessmen", "and", "some", "politicians", "agree", "that", "the", "answer", "is", "an", "orthodox", "economic", "austerity", "program", "including", "reduced", "state", "spending", ";", "focusing", "spending", "on", "vital", "areas", "such", "as", "education", ",", "health", "and", "welfare", ";", "turning", "state", "companies", "private", ";", "reforming", "the", "tax", "system", ",", "raising", "public", "service", "rates", "to", "match", "costs", ";", "and", "possibly", "a", "temporary", "wage", "and", "price", "freeze", "and", "a", "devaluation", "of", "the", "cruzado", ".", "Analysts", "also", "say", "it", "'s", "inevitable", "that", "Brazil", "will", "seek", "to", "renegotiate", "its", "$", "115", "billion", "foreign", "debt", ",", "on", "which", "it", "suspended", "interest", "payments", "last", "month", ".", "Analysts", "say", ",", "however", ",", "that", "a", "tough", "economic", "program", "would", "have", "to", "be", "accompanied", "by", "measures", "to", "shield", "the", "poor", "from", "its", "recessionary", "effects", ",", "for", "instance", "by", "subsidizing", "staple", "food", "items", ".", "About", "80", "%", "of", "Brazil", "'s", "voters", "are", "believed", "to", "live", "near", "the", "poverty", "level", ".", "Of", "the", "three", "candidates", "with", "a", "serious", "chance", "of", "winning", ",", "Mr.", "Collor", "comes", "closest", "to", "advocating", "the", "sort", "of", "measures", "that", "economists", "say", "are", "necessary", ".", "But", "his", "inexperience", "raises", "doubts", "that", "he", "would", "have", "the", "political", "power", "to", "carry", "them", "out", ".", "The", "67-year-old", "Mr.", "Brizola", "has", "been", "vague", "about", "his", "intentions", "and", "often", "inflammatory", "in", "his", "rhetoric", ",", "but", "analysts", "say", "he", "probably", "would", "be", "pragmatic", ".", "Mr.", "da", "Silva", ",", "a", "43-year-old", "former", "factory", "worker", "and", "labor", "leader", ",", "is", "the", "most", "radical", ",", "vowing", "to", "withhold", "payments", "on", "the", "foreign", "debt", "and", "saying", "he", "``", "would", "n't", "go", "around", "putting", "the", "country", "up", "for", "sale", "to", "the", "highest", "bidder", ".", "''", "But", "despite", "the", "differences", "in", "what", "they", "say", ",", "according", "to", "some", "analysts", "here", ",", "economic", "constraints", "mean", "the", "next", "president", "may", "not", "have", "many", "choices", "about", "what", "he", "does", "." ]
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