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"undertaking", "new", "mobilization", "efforts", ",", "plunging", "into", "gubernatorial", "races", "in", "Virginia", "and", "New", "Jersey", ",", "and", "girding", "for", "next", "autumn", "'s", "state", "elections", ".", "At", "the", "same", "time", ",", "abortion", "foes", "have", "developed", "a", "national", "legislative", "strategy", ",", "deciding", "to", "move", "on", "what", "Jacki", "Ragan", ",", "the", "National", "Right", "to", "Life", "Committee", "'s", "director", "of", "state", "organizational", "development", ",", "calls", "``", "reasonable", "measures", "that", "an", "overwhelming", "mainstream", "majority", "of", "Americans", "support", ".", "''", "These", "include", "bans", "on", "the", "use", "of", "abortion", "for", "birth", "control", "and", "sex", "selection", ",", "and", "the", "public", "funding", "of", "alternatives", "for", "abortion", ".", "``", "Those", "who", "are", "on", "the", "other", "side", "can", "hardly", "oppose", "alternative", "funding", "if", 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"compound", "nsubj", "punct", "det", "nmod:poss", "case", "amod", "compound", "amod", "appos", "punct", "case", "det", "obl", "punct", "det", "compound", "compound", "compound", "compound", "nsubj", "root", "compound:prt", "nummod", "obj", "punct", "case", "nmod:poss", "case", "compound", "nmod", "punct", "case", "nummod", "obl", "cc", "conj", "det", "compound", "obj", "acl", "mark", "xcomp", "nmod:poss", "obj", "case", "amod", "obl", "punct", "case", "advmod", "mark", "acl", "det", "obj", "case", "det", "obl", "case", "compound", "obl", "punct", "punct", "nsubj", "advmod", "ccomp", "amod", "nsubj", "dep", "case", "det", "obl", "case", "det", "amod", "obl", "punct", "punct", "root", "compound", "nsubj", "punct", "amod", "appos", "case", "det", "nmod", "punct" ]
[ "Westinghouse", "Electric", "Corp.", "said", "it", "will", "buy", "Shaw-Walker", "Co", ".", "Terms", "were", "n't", "disclosed", ".", "Shaw-Walker", ",", "based", "in", "Muskegon", ",", "Mich.", ",", "makes", "metal", "files", "and", "desks", ",", "and", "seating", "and", "office", "systems", "furniture", "." ]
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[ "compound", "compound", "nsubj", "root", "nsubj", "aux", "ccomp", "compound", "obj", "punct", "nsubj:pass", "aux:pass", "advmod", "root", "punct", "nsubj", "punct", "acl", "case", "obl", "punct", "appos", "punct", "root", "compound", "obj", "cc", "conj", "punct", "cc", "conj", "cc", "compound", "compound", "conj", "punct" ]
[ "Thomas", "H.", "Johnson", ",", "president", "of", "the", "Coatedboard", "division", "of", "Mead", "Corp.", ",", "was", "named", "president", "of", "Manville", "Forest", "Products", "Corp.", ",", "a", "Manville", "unit", ",", "and", "senior", "vice", "president", "of", "Manville", "Corp", ".", "Mr.", "Johnson", "succeeds", "Harry", "W.", "Sherman", ",", "who", "resigned", "to", "pursue", "other", "interests", ",", "in", "both", "positions", ".", "Manville", "is", "a", "building", "and", "forest", "products", "concern", "." ]
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[ "compound", "compound", "nsubj:pass", "punct", "appos", "case", "det", "compound", "nmod", "case", "compound", "nmod", "punct", "aux:pass", "root", "xcomp", "case", "compound", "compound", "compound", "nmod", "punct", "det", "compound", "appos", "punct", "cc", "amod", "compound", "conj", "case", "compound", "nmod", "punct", "compound", "nsubj", "root", "compound", "compound", "obj", "punct", "nsubj", "acl:relcl", "mark", "xcomp", "amod", "obj", "punct", "case", "det", "obl", "punct", "nsubj", "cop", "det", "root", "cc", "compound", "compound", "conj", "punct" ]
[ "Many", "skittish", "mutual", "fund", "investors", "picked", "up", "the", "phone", "yesterday", ",", "but", "decided", "not", "to", "cash", "in", "their", "chips", "after", "all", ".", "As", "the", "stock", "market", "bounced", "back", ",", "withdrawals", "of", "money", "from", "stock", "funds", "amounted", "to", "a", "mere", "trickle", "compared", "with", "Black", "Monday", ",", "when", "investors", "dumped", "$", "2.3", "billion", ",", "or", "about", "2", "%", "of", "stock-fund", "assets", ".", "Fidelity", "Investments", ",", "the", "nation", "'s", "largest", "fund", "company", ",", "said", "phone", "volume", "was", "more", "than", "double", "its", "typical", "level", ",", "but", "still", "half", "that", "of", "Oct.", "19", ",", "1987", ".", "Net", "outflows", "from", "Fidelity", "'s", "stock", "funds", "stood", "at", "less", "than", "$", "300", "million", ",", "or", "below", "15", "%", "of", "the", "$", "2", "billion", "cash", "position", "of", "the", "firm", "'s", "stock", "portfolios", ".", "Much", "of", "the", "money", "was", "switched", "into", "the", "firm", "'s", "money", "market", "funds", ".", "Outflows", "since", "the", "close", "of", "trading", "Friday", "remain", "below", "one-third", "their", "level", "of", "two", "years", "ago", ",", "Fidelity", "said", ".", "Other", "mutual", "fund", "companies", "reported", "even", "lighter", "withdrawal", "requests", ".", "And", "some", "investors", "at", "Fidelity", "and", "elsewhere", "even", "began", "buying", "stock", "funds", "during", "the", "day", ".", "``", "Two", "years", "ago", ",", "there", "was", "a", "lot", "of", "redemption", "activity", "and", "trouble", "with", "people", "getting", "through", "on", "the", "phone", ",", "''", "said", "Kathryn", "McGrath", ",", "head", "of", "the", "investment", "management", "division", "of", "the", "Securities", "and", "Exchange", "Commission", ".", "This", "time", ",", "``", "We", "do", "n't", "have", "that", "at", "all", ".", "''", "Of", "course", ",", "the", "relative", "calm", "could", "be", "jolted", "if", "the", "market", "plunges", "again", ".", "And", "any", "strong", "surge", "in", "redemptions", "could", "force", "some", "funds", "to", "dump", "stocks", "to", "raise", "cash", ",", "as", "some", "did", "during", "Black", "Monday", ".", "But", "funds", "generally", "are", "better", "prepared", "this", "time", "around", ".", "As", "a", "group", ",", "their", "cash", "position", "of", "10.2", "%", "of", "assets", "in", "August", "--", "the", "latest", "figure", "available", "--", "is", "14", "%", "higher", "than", "two", "years", "earlier", ".", "Many", "fund", "managers", "have", "boosted", "their", "cash", "levels", "in", "recent", "weeks", ".", "The", "biggest", "flurry", "of", "investor", "activity", "came", "early", "in", "the", "day", ".", "Vanguard", "Group", "Inc.", "saw", "heavy", "exchanges", "from", "stock", "funds", "into", "money", "market", "funds", "after", "the", "telephone", "lines", "opened", "at", "8:30", "a.m", ".", "``", "In", "the", "first", "hour", ",", "the", "real", "nervous", "folks", "came", "along", ",", "''", "a", "spokesman", "said", ".", "``", "But", "the", "horrendous", "pace", "of", "call", "volume", "in", "the", "first", "half-hour", "slowed", "considerably", ".", "''", "At", "Scudder", ",", "Stevens", "&", "Clark", "Inc.", ",", "phone", "calls", "came", "in", "at", "40", "%", "more", "than", "the", "normal", "pace", "through", "early", "afternoon", ".", "Most", "of", "that", "increase", "came", "in", "the", "first", "hour", "after", "the", "phone", "lines", "opened", "at", "8", "a.m", ".", "As", "stocks", "rose", ",", "in", "fact", ",", "some", "investors", "changed", "course", "and", "reversed", "their", "sell", "orders", ".", "Many", "funds", "allow", "investors", "to", "void", "orders", "before", "the", "close", "of", "trading", ".", "At", "Scudder", "and", "at", "the", "smaller", "Ivy", "funds", "group", "in", "Hingham", ",", "Mass.", ",", "for", "instance", ",", "some", "shareholders", "called", "early", "in", "the", "morning", "to", "switch", "money", "from", "stock", "funds", "to", "money", "market", "funds", ",", "but", "later", "called", "back", "to", "reverse", "the", "switches", ".", "Because", "mutual", "fund", "trades", "do", "n't", "take", "effect", "until", "the", "market", "close", "--", "in", "this", "case", ",", "at", "4", "p.m.", "--", "these", "shareholders", "effectively", "stayed", "put", ".", "At", "Fidelity", "'s", "office", "in", "downtown", "Boston", ",", "Gerald", "Sherman", "walked", "in", "shortly", "after", "7:30", "a.m.", "and", "placed", "an", "order", "to", "switch", "his", "retirement", "accounts", "out", "of", "three", "stock", "funds", "and", "into", "a", "money", "market", "fund", ".", "But", "by", "3:15", "p.m.", ",", "with", "the", "market", "comfortably", "ahead", "for", "the", "day", ",", "Mr.", "Sherman", "was", "preparing", "to", "undo", "his", "switch", ".", "``", "It", "'s", "a", "nice", "feeling", "to", "know", "that", "things", "stabilized", ",", "''", "said", "Mr.", "Sherman", ",", "the", "51-year-old", "co-owner", "of", "a", "discount", "department", "store", ".", "But", "some", "investors", "continued", "to", "switch", "out", "of", "high-risk", ",", "high-yield", "junk", "funds", "despite", "yesterday", "'s", "rebound", "from", "that", "market", "'s", "recent", "price", "declines", ".", "Shareholders", "have", "been", "steadily", "bailing", "out", "of", "several", "big", "junk", "funds", "the", "past", "several", "weeks", "as", "the", "$", "200", "billion", "market", "was", "jolted", "by", "a", "cash", "crunch", "at", "Campeau", "Corp.", "and", "steadily", "declining", "prices", ".", "Much", "of", "the", "money", "has", "been", "switched", "into", "money", "market", "funds", ",", "fund", "executives", "say", ".", "Instead", "of", "selling", "bonds", "to", "meet", "redemptions", ",", "however", ",", "some", "funds", "have", "borrowed", "from", "banks", "to", "meet", "withdrawal", "requests", ".", "This", "avoids", "knocking", "down", "prices", "further", ".", "The", "$", "1.1", "billion", "T.", "Rowe", "Price", "High", "Yield", "Fund", "was", "among", "the", "funds", "that", "borrowed", "during", "the", "Campeau", "crisis", ",", "says", "George", "J.", "Collins", ",", "president", "of", "T.", "Rowe", "Price", "Associates", "Inc", ".", "That", "way", ",", "Mr.", "Collins", "says", ",", "``", "We", "did", "n't", "have", "to", "sell", "securities", "in", "a", "sloppy", "market", ".", "''", "When", "the", "market", "stabilized", ",", "he", "added", ",", "the", "firm", "sold", "the", "bonds", "and", "quickly", "paid", "the", "loans", "back", ".", "Tom", "Herman", "contributed", "to", "this", "article", "." ]
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[ "The", "official", "White", "House", "reaction", "to", "a", "plunge", "in", "stock", "prices", "has", "a", "60-year", "history", "of", "calm", ",", "right", "up", "through", "Friday", ".", "Treasury", "Secretary", "Nicholas", "Brady", "said", "in", "a", "statement", "Friday", "that", "the", "stock-market", "decline", "``", "does", "n't", "signal", "any", "fundamental", "change", "in", "the", "condition", "of", "the", "economy", ".", "''", "``", "The", "economy", ",", "''", "he", "added", ",", "``", "remains", "well-balanced", "and", "the", "outlook", "is", "for", "continued", "moderate", "growth", ".", "''", "Sound", "familiar", "?", "Here", "'s", "what", "Ronald", "Reagan", "said", "after", "the", "1987", "crash", ":", "``", "The", "underlying", "economy", "remains", "sound", ".", "There", "is", "nothing", "wrong", "with", "the", "economy", "...", "all", "the", "indices", "are", "up", ".", "''", "Heard", "that", "before", "?", "After", "the", "1929", "crash", ",", "Herbert", "Hoover", "said", ":", "``", "The", "fundamental", "business", "of", "the", "country", "...", "is", "on", "a", "sound", "and", "prosperous", "basis", "." ]
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[ "This", "is", "slightly", "adapted", "from", "remarks", "Oct.", "7", "by", "former", "Secretary", "of", "State", "George", "P.", "Shultz", "to", "an", "alumni", "gathering", "at", "the", "Stanford", "Business", "School", ",", "where", "he", "has", "returned", "to", "the", "faculty", ":", "I", "was", "struck", "a", "couple", "of", "years", "ago", "by", "the", "drug-interdiction", "effort", "in", "the", "Bahamas", ".", "We", "had", "intercepted", "during", "the", "year", "an", "estimated", "$", "5", "billion", "street", "value", "of", "cocaine", ".", "I", "do", "n't", "know", "how", "much", "got", "through", ".", "Nobody", "has", "any", "credible", "estimate", ".", "The", "GNP", "of", "the", "Bahamas", "is", "probably", "somewhere", "between", "one", "and", "two", "billion", "dollars", ".", "So", "you", "get", "an", "idea", "of", "the", "leverage", "there", "and", "elsewhere", "that", "our", "market", "for", "drugs", "has", "brought", "about", ".", "I", "welcome", "the", "emphasis", 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"xcomp", "punct", "det", "amod", "nsubj", "punct", "det", "compound", "dep", "punct", "cop", "det", "root", "obl", "nsubj", "aux", "acl:relcl", "case", "advmod", "punct", "case", "det", "compound", "obl", "advmod", "nsubj", "cop", "compound", "acl:relcl", "cc", "conj", "case", "det", "nmod", "case", "nmod", "case", "det", "nmod", "punct", "nsubj", "root", "det", "amod", "obj", "punct", "cc", "nsubj", "conj", "advmod", "case", "obl", "punct", "case", "det", "compound", "obl", "nsubj", "root", "det", "amod", "obj", "punct", "nsubj", "parataxis", "advmod", "advmod", "case", "obl", "punct", "nmod:poss", "amod", "nsubj", "cop", "advmod", "root", "case", "advmod", "advcl", "punct", "nsubj", "aux", "root", "case", "det", "obl", "nmod:poss", "nsubj:pass", "aux:pass", "acl:relcl", "case", "obl", "case", "det", "compound", "obl", "punct", "dep", "nsubj", "cop", "advmod", "det", "parataxis", "case", "det", "nmod", "punct", "obj", "nsubj", "csubj", "case", "obl", "advmod", "cop", "advmod", "det", "amod", "root", "dep", "case", "amod", "obl", "acl", "case", "obl", "case", "det", "nmod", "mark", "acl", "cc", "conj", "punct", "det", "nsubj", "root", "compound:prt", "xcomp", "det", "obj", "advmod", "det", "nsubj", "advmod", "acl:relcl", "det", "obj", "punct", "case", "det", "obl", "punct", "nsubj", "root", "nmod:poss", "amod", "obj", "cc", "det", "amod", "conj", "case", "case", "nmod", "punct", "nsubj", "root", "case", "obl", "nsubj", "aux", "advmod", "advmod", "ccomp", "mark", "xcomp", "advmod", "mark", "nsubj", "aux", "advcl", "det", "obj", "case", "case", "det", "compound", "obl", "cc", "det", "conj", "case", "nmod", "case", "case", "orphan", "punct", "advmod", "punct", "det", "amod", "nsubj", "nsubj", "aux", "acl:relcl", "obl", "mark", "acl", "obj", "root", "mark", "xcomp", "nsubj", "dep", "mark", "nsubj", "mark", "xcomp", "obj", "case", "det", "amod", "obl", "case", "det", "obl", "nsubj", "acl:relcl", "nmod:poss", "obj", "punct", "advmod", "nsubj", "advcl", "obj", "nsubj", "root", "compound:prt", "det", "amod", "obj", "punct", "case", "punct", "nsubj", "aux", "dep", "punct", "det", "nmod", "obj", "det", "compound", "nsubj", "acl:relcl", "mark", "acl", "compound:prt", "cc", "conj", "nsubj", "xcomp", "punct", "mark", "fixed", "nsubj", "advcl", "det", "obj", "case", "obl", "punct", "nsubj", "aux", "advmod", "root", "det", "obj", "mark", "nsubj", "aux", "advmod", "advcl", "det", "obj", "punct", "advmod", "nsubj", "root", "det", "amod", "nsubj", "ccomp", "mark", "aux:pass", "xcomp", "compound:prt", "case", "det", "amod", "obl", "punct", "mark", "nsubj", "aux", "advcl", "nmod:poss", "obj", "punct", "advmod", "root", "det", "amod", "cc", "conj", "obj", "case", "det", "nmod:poss", "case", "nmod", "case", "nmod", "case", "compound", "nmod", "case", "det", "nmod", "punct", "nsubj", "root", "case", "advcl", "mark", "xcomp", "cc", "conj", "obj", "case", "amod", "nmod", "case", "nmod", "punct", "nsubj", "root", "nsubj", "advmod", "dep", "mark", "xcomp", "obj", "punct", "advmod", "case", "det", "compound", "cc", "conj", "obl", "nsubj", "root", "det", "obj", "cc", "nsubj", "conj", "case", "obl", "amod", "punct", "nsubj", "aux", "advmod", "advmod", "root", "mark", "xcomp", "case", "obl", "punct", "nsubj", "root", "mark", "nsubj", "aux", "ccomp", "case", "det", "obl", "advmod", "advmod", "advmod", "mark", "obj", "nsubj", "aux", "advcl", "advmod", "punct", "cc", "nsubj", "root", "mark", "mark", "nsubj", "aux", "advmod", "advcl", "advmod", "cc", "conj", "xcomp", "case", "obl", "advmod", "punct", "det", "amod", "obl:tmod", "dep", "punct", "advmod", "nsubj", "acl:relcl", "det", "amod", "obj", "case", "det", "nmod", "punct", "nsubj", "aux", "advmod", "cop", "ccomp", "mark", "nsubj:pass", "aux:pass", "ccomp", "mark", "xcomp", "case", "obl", "punct", "det", "nsubj", "root", "mark", "xcomp", "obj", "nsubj", "advmod", "ccomp", "punct", "advmod", "case", "det", "obl", "punct" ]
[ "Northgate", "Exploration", "Ltd.", "said", "it", "is", "proposing", "to", "amalgamate", "four", "of", "its", "associated", "companies", ".", "Under", "a", "proposed", "two-step", "amalgamation", "involving", "share", "swaps", ",", "ABM", "Gold", "Corp.", ",", "a", "gold", "exploration", "and", "management", "company", ",", "will", "merge", "with", "Neptune", "Resources", "Corp.", ",", "United", "Gold", "Corp.", "and", "Inca", "Resources", "Inc", ".", "ABM", "will", "also", "increase", "its", "stake", "in", "Sonora", "Gold", "Corp.", "to", "42", "%", "from", "26", "%", ".", "Northgate", "said", "it", "will", "own", "about", "50", "%", "of", "the", "equity", "and", "81", "%", "of", "the", "votes", "of", "ABM", "after", "the", "amalgamation", ".", "The", "amalgamations", "are", "subject", "to", "regulatory", "approval", "and", "require", "approval", "by", "shareholders", "of", "ABM", ",", "Inca", ",", "United", "and", "Neptune", "at", "special", "meetings", "on", "Nov.", "10", "." ]
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[ "compound", "compound", "nsubj", "root", "nsubj", "aux", "ccomp", "mark", "xcomp", "obj", "case", "nmod:poss", "amod", "nmod", "punct", "case", "det", "amod", "amod", "obl", "acl", "compound", "obj", "punct", "compound", "compound", "nsubj", "punct", "det", "amod", "appos", "cc", "compound", "conj", "punct", "aux", "root", "case", "compound", "compound", "obl", "punct", "compound", "compound", "conj", "cc", "compound", "compound", "conj", "punct", "nsubj", "aux", "advmod", "root", "nmod:poss", "obj", "case", "compound", "compound", "nmod", "case", "nummod", "obl", "case", "nummod", "obl", "punct", "nsubj", "root", "nsubj", "aux", "ccomp", "advmod", "nummod", "obj", "case", "det", "nmod", "cc", "nummod", "conj", "case", "det", "nmod", "case", "nmod", "case", "det", "obl", "punct", "det", "nsubj", "cop", "root", "case", "amod", "obl", "cc", "conj", "obj", "case", "nmod", "case", "nmod", "punct", "conj", "punct", "conj", "cc", "conj", "case", "amod", "nmod", "case", "nmod", "nummod", "punct" ]
[ "Bank", "of", "New", "England", "Corp.", ",", "seeking", "to", "streamline", "its", "business", "after", "a", "year", "of", "weak", "earnings", "and", "mounting", "loan", "problems", ",", "said", "it", "will", "sell", "some", "operations", "and", "lay", "off", "4", "%", "of", "its", "work", "force", ".", "The", "bank", "holding", "company", "also", "reported", "that", "third-quarter", "profit", "dropped", "41", "%", ",", "to", "$", "42.7", "million", ",", "or", "61", "cents", "a", "share", ",", "from", "the", "year-earlier", "$", "72.3", "million", ",", "or", "$", "1.04", "a", "share", ".", "Among", "its", "restructuring", "measures", ",", "the", "company", "said", "it", "plans", "to", "sell", "53", "of", "its", "453", "branch", "offices", "and", "to", "lay", "off", "800", "employees", ".", "Altogether", ",", "employment", "is", "expected", "to", "decline", "to", "less", "than", "16,000", "from", "the", "current", "level", "of", "about", "18,000", ".", "Walter", "Connolly", ",", "chairman", ",", "said", "in", "an", "interview", "that", "the", "company", "expects", "to", "record", "pretax", "gains", "of", "$", "100", "million", "to", "$", "125", "million", "from", "the", "sale", "of", "its", "leasing", "operations", "and", "of", "certain", "financial", "processing", "services", ".", "In", "a", "prepared", "statement", ",", "the", "company", "said", "it", "expects", "to", "realize", "those", "gains", "before", "year", "end", ".", "Nonperforming", "assets", "continued", "to", "pile", "up", "in", "the", "latest", "quarter", ",", "rising", "to", "$", "900", "million", ",", "or", "3.52", "%", "of", "loans", "and", "leases", ",", "from", "$", "667", "million", ",", "or", "2.68", "%", ",", "at", "the", "end", "of", "the", "second", "quarter", ".", "Some", "$", "170", "million", "of", "the", "$", "233", "million", "increase", "in", "nonperforming", "loans", "was", "related", "to", "real", "estate", ",", "and", "roughly", "three-quarters", "of", "that", "was", "in", "the", "troubled", "New", "England", "market", ",", "according", "to", "Richard", "Driscoll", ",", "vice", "chairman", ".", "Mr.", "Driscoll", "said", "that", ",", "despite", "continued", "weakness", "in", "the", "region", "'s", "real", "estate", "market", ",", "Bank", "of", "New", "England", "expects", "the", "rate", "of", "increase", "in", "nonperforming", "assets", "to", "slow", "in", "coming", "quarters", ".", "Mr.", "Connolly", "noted", "that", "net", "third-quarter", "charge-offs", ",", "at", "$", "63", "million", ",", "improved", "slightly", "from", "the", "$", "67", "million", "in", "the", "second", "quarter", ".", "And", "he", "indicated", "that", "more", "substantial", "improvement", "is", "expected", "in", "the", "next", "couple", "of", "quarters", ".", "The", "company", "increased", "its", "loan", "loss", "reserve", "to", "$", "354", "million", "from", "$", "342", "million", "at", "the", "end", "of", "the", "second", "quarter", ".", "Total", "assets", "slipped", "to", "$", "31.4", "billion", ",", "from", "$", "32", "billion", "as", "of", "June", "30", ".", "Among", "other", "restructuring", "measures", ",", "the", "bank", "said", "it", "will", "close", "its", "loan", "production", "offices", "in", "Chicago", ",", "New", "York", "and", "Philadelphia", ".", "The", "Chicago", "office", "figured", "prominently", "in", "the", "bank", "'s", "problems", "earlier", "this", "year", ",", "when", "$", "65", "million", "in", "loans", "to", "Chicago", "businessman", "William", "Stoecker", "went", "sour", ".", "In", "an", "internal", "memorandum", "to", "employees", ",", "Messrs.", "Connolly", "and", "Driscoll", "described", "the", "restructuring", "as", "an", "effort", "to", "continue", "rationalizing", "operations", "assembled", "during", "a", "series", "of", "mergers", "over", "the", "past", "five", "years", "." ]
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[ "dep", "case", "compound", "obl", "nsubj", "punct", "advcl", "mark", "xcomp", "nmod:poss", "obj", "case", "det", "obl", "case", "amod", "nmod", "cc", "amod", "compound", "conj", "punct", "root", "nsubj", "aux", "ccomp", "det", "obj", "cc", "conj", "compound:prt", "nummod", "obj", "case", "nmod:poss", "compound", "nmod", "punct", "det", "compound", "compound", "nsubj", "advmod", "root", "mark", "amod", "nsubj", "ccomp", "nummod", "obj", "punct", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "det", "amod", "obl", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "case", "nmod:poss", "compound", "obl", "punct", "det", "nsubj", "root", "nsubj", "ccomp", "mark", "ccomp", "obj", "case", "nmod:poss", "nummod", "compound", "nmod", "cc", "mark", "conj", "compound:prt", "nummod", "obj", "punct", "advmod", "punct", "nsubj:pass", "aux:pass", "root", "mark", "xcomp", "case", "advmod", "fixed", "obl", "case", "det", "amod", "obl", "case", "advmod", "nmod", "punct", "compound", "nsubj", "punct", "appos", "punct", "root", "case", "det", "obl", "mark", "det", "nsubj", "ccomp", "mark", "xcomp", "amod", "obj", "case", "dep", "compound", "compound", "dep", "nmod", "compound", "nummod", "case", "det", "nmod", "case", "nmod:poss", "compound", "nmod", "cc", "case", "amod", "amod", "compound", "conj", "punct", "case", "det", "amod", "obl", "punct", "det", "nsubj", "root", "nsubj", "ccomp", "mark", "xcomp", "det", "obj", "case", "compound", "obl", "punct", "amod", "nsubj", "root", "mark", "xcomp", "compound:prt", "case", "det", "amod", "obl", "punct", "xcomp", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "case", "nmod", "cc", "conj", "punct", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "punct", "case", "det", "obl", "case", "det", "amod", "nmod", "punct", "advmod", "nsubj:pass", "compound", "nummod", "case", "det", "amod", "compound", "nummod", "nmod", "case", "amod", "nmod", "aux:pass", "root", "case", "amod", "obl", "punct", "cc", "advmod", "nsubj", "case", "nmod", "cop", "case", "det", "amod", "compound", "compound", "conj", "punct", "case", "fixed", "compound", "conj", "punct", "compound", "appos", "punct", "compound", "nsubj", "root", "mark", "punct", "case", "amod", "obl", "case", "det", "nmod:poss", "case", "amod", "compound", "nmod", "punct", "nsubj", "case", "compound", "nmod", "ccomp", "det", "obj", "case", "nmod", "case", "amod", "nmod", "mark", "xcomp", "case", "amod", "obl", "punct", "compound", "nsubj", "root", "mark", "amod", "amod", "nsubj", "punct", "case", "nmod", "compound", "nummod", "punct", "ccomp", "advmod", "case", "det", "obl", "compound", "nummod", "case", "det", "amod", "nmod", "punct", "cc", "nsubj", "root", "mark", "advmod", "amod", "nsubj:pass", "aux:pass", "ccomp", "case", "det", "amod", "obl", "case", "nmod", "punct", "det", "nsubj", "root", "nmod:poss", "compound", "compound", "obj", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "case", "det", "obl", "case", "det", "amod", "nmod", "punct", "amod", "nsubj", "root", "case", "obl", "compound", "nummod", "punct", "case", "obl", "compound", "nummod", "case", "case", "obl", "nummod", "punct", "case", "amod", "compound", "obl", "punct", "det", "nsubj", "root", "nsubj", "aux", "ccomp", "nmod:poss", "compound", "compound", "obj", "case", "nmod", "punct", "compound", "conj", "cc", "conj", "punct", "det", "compound", "nsubj", "root", "advmod", "case", "det", "nmod:poss", "case", "obl", "advmod", "det", "obl:tmod", "punct", "advmod", "nsubj", "compound", "nummod", "case", "nmod", "case", "compound", "compound", "compound", "nmod", "acl:relcl", "xcomp", "punct", "case", "det", "amod", "obl", "case", "nmod", "punct", "compound", "nsubj", "cc", "conj", "root", "det", "obj", "case", "det", "obl", "mark", "acl", "xcomp", "obj", "acl", "case", "det", "obl", "case", "nmod", "case", "det", "amod", "nummod", "obl", "punct" ]
[ "The", "first", "major", "event", "this", "morning", "in", "U.S.", "stock", "and", "futures", "trading", "may", "be", "a", "pause", "at", "the", "Chicago", "Mercantile", "Exchange", ".", "Under", "a", "reform", "arising", "from", "the", "1987", "crash", ",", "trading", "in", "the", "Merc", "'s", "stock-index", "futures", "will", "break", "for", "10", "minutes", "if", "the", "contract", "opens", "and", "stays", "five", "points", "from", "Friday", "'s", "close", ",", "a", "move", "equal", "to", "40", "points", "on", "the", "Dow", "Jones", "Industrial", "Average", ".", "The", "aim", "of", "the", "interruption", "would", "be", "to", "ease", "the", "opening", "of", "the", "New", "York", "Stock", "Exchange", ",", "which", "would", "be", "hammered", "by", "such", "a", "volatile", "move", "on", "the", "Merc", ".", "That", "early-morning", "breather", "is", "just", "one", "of", "a", "number", "of", "safeguards", "adopted", "after", "the", "1987", "crash", ".", "The", "Big", "Board", "also", "added", "computer", "capacity", "to", "handle", "huge", "surges", "in", "trading", "volume", ".", "Several", "of", "those", "post-crash", "changes", "kicked", "in", "during", "Friday", "'s", "one-hour", "collapse", "and", "worked", "as", "expected", ",", "even", "though", "they", "did", "n't", "prevent", "a", "stunning", "plunge", ".", "But", "the", "major", "``", "circuit", "breakers", "''", "have", "yet", "to", "be", "evaluated", ".", "A", "deeper", "market", "plunge", "today", "could", "give", "them", "their", "first", "test", ".", "A", "further", "slide", "also", "would", "resurrect", "debate", "over", "a", "host", "of", "other", ",", "more", "sweeping", "changes", "proposed", "--", "but", "not", "implemented", "--", "after", "the", "last", "crash", ".", "Most", "notably", ",", "several", "of", "the", "regulatory", "steps", "recommended", "by", "the", "Brady", "Task", "Force", ",", "which", "analyzed", "the", "1987", "crash", ",", "would", "be", "revived", "--", "especially", "because", "that", "group", "'s", "chairman", "is", "now", "the", "Treasury", "secretary", ".", "The", "most", "controversial", "of", "the", "Brady", "recommendations", "involved", "establishing", "a", "single", "overarching", "regulator", "to", "handle", "crucial", "cross-market", "questions", ",", "such", "as", "setting", "consistent", "margin", "requirements", "for", "the", "stock", "and", "futures", "markets", ".", "But", "for", "the", "moment", ",", "attention", "focuses", "on", "the", "reforms", "that", "were", "put", "into", "place", ",", "and", "market", "regulators", "and", "participants", "said", "the", "circuit", "breakers", "worked", "as", "intended", ".", "Big", "Board", "and", "Merc", "officials", "expressed", "satisfaction", "with", "the", "results", "of", "two", "limits", "imposed", "on", "of", "the", "Merc", "'s", "Standard", "&", "Poor", "'s", "500", "contract", ",", "as", "well", "as", "``", "hot-line", "''", "communications", "among", "exchanges", ".", "Those", "pauses", "--", "from", "2:07", "p.m.", "to", "2:30", "p.m.", "CDT", "and", "from", "2:45", "p.m.", "until", "the", "close", "of", "trading", "a", "half-hour", "later", "--", "forced", "traders", "to", "buy", "and", "sell", "contracts", "at", "prices", "at", "or", "higher", "than", "their", "frozen", "levels", ".", "During", "the", "first", "halt", ",", "after", "the", "S&P", "index", "had", "fallen", "12", "points", ",", "the", "Big", "Board", "'s", "``", "Sidecar", "''", "computer", "program", "automatically", "was", "triggered", ".", "That", "system", "is", "designed", "to", "separate", "computer-generated", "program", "trades", "from", "all", "other", "trades", "to", "help", "exchange", "officials", "resolve", "order", "imbalances", "in", "individual", "stocks", ".", "One", "Merc", "broker", "compared", "the", "action", "in", "the", "S&P", "pit", "during", "the", "two", "freezes", "to", "a", "fire", "at", "a", "well-drilled", "school", ".", "``", "You", "do", "n't", "want", "the", "fire", "but", "you", "know", "what", "to", "do", ",", "''", "said", "Howard", "Dubnow", ",", "an", "independent", "floor", "broker", "and", "a", "Merc", "governor", ".", "``", "There", "was", "no", "panic", ".", "The", "system", "worked", "the", "way", "we", "devised", "it", "to", "work", ".", "''", "After", "reopening", "for", "about", "15", "minutes", ",", "the", "S&P", "index", "tumbled", "to", "its", "30-point", "limit", "and", "the", "second", "freeze", "went", "into", "effect", ".", "Traders", "then", "spent", "the", "last", "half-hour", "``", "watching", "to", "see", "if", "the", "Dow", "would", "drop", "250", "points", ",", "''", "Mr.", "Dubnow", "added", ",", "referring", "to", "the", "level", "at", "which", "the", "stock", "market", "itself", "would", "have", "closed", "for", "an", "hour", ".", "One", "observer", "estimated", "that", "80", "%", "to", "90", "%", "of", "the", "S&P", "traders", "``", "were", "just", "standing", "around", "watching", ".", "''", "But", "the", "250-point", "circuit", "breaker", "never", "had", "to", "kick", "in", ",", "and", "freezes", "on", "the", "Chicago", "Board", "of", "Trade", "'s", "Major", "Market", "Index", "also", "were", "n't", "triggered", ".", "The", "MMI", "and", "the", "S&P", "500", "are", "the", "two", "major", "indexes", "used", "by", "program", "traders", "to", "run", "their", "computerized", "trading", "strategies", ".", "The", "programs", "are", "considered", "by", "many", "to", "be", "a", "major", "cause", "of", "the", "1987", "crash", ".", "The", "process", "of", "post-crash", "reforms", "began", "with", "calls", "to", "remake", "the", "markets", "and", "wound", "up", "a", "year", "later", "with", "a", "series", "of", "rather", "technical", "adjustments", ".", "In", "October", "1987", ",", "just", "after", "the", "market", "drop", ",", "Washington", "was", "awash", "in", "talk", "of", "sweeping", "changes", "in", "the", "way", "the", "financial", "markets", "are", "structured", "and", "regulated", ".", "Over", "the", "next", "year", "that", "grand", "agenda", "was", "whittled", "down", "to", "a", "series", "of", "steps", "to", "soften", "big", "stock", "drops", "by", "interrupting", "trading", "to", "give", "market", "players", "time", "to", "pause", "and", "reconsider", "positions", ".", "In", "addition", ",", "limits", "were", "placed", "on", "computer-driven", "trading", ",", "and", "steps", "were", "taken", "to", "better", "link", "the", "stock", "and", "futures", "markets", ".", "Few", "changes", "were", "made", "in", "the", "way", "the", "markets", "are", "regulated", ".", "At", "the", "outset", "the", "prime", "target", "was", "program", "trading", ",", "which", "was", "much", "discussed", "but", "little", "understood", "on", "Capitol", "Hill", ".", "There", "were", "also", "calls", "to", "strip", "the", "stock", "markets", "of", "``", "derivative", "''", "products", ",", "such", "as", "stock-index", "futures", "and", "options", ",", "which", "Federal", "Judge", "Stanley", "Sporkin", ",", "for", "example", ",", "likened", "to", "``", "barnacles", "attached", "to", "the", "basic", "market", ".", "''", "And", "there", "was", "much", "criticism", "of", "the", "New", "York", "Stock", "Exchange", "'s", "system", "of", "having", "stock", "trades", "flow", "through", "specialists", ",", "or", "market", "makers", ".", "When", "the", "Brady", "Task", "Force", "'s", "powerful", "analysis", "of", "the", "crash", "was", "released", "in", "January", "1988", ",", "it", "immediately", "reshaped", "the", "reformers", "'", "agenda", ".", "Arguing", "that", "the", "separate", "financial", "marketplaces", "acted", "as", "one", ",", "and", "concluding", "that", "the", "crash", "had", "``", "raised", "the", "possibility", "of", "a", "full-scale", "financial", "system", "breakdown", ",", "''", "the", "presidential", "task", "force", "called", "for", "establishing", "a", "super-regulator", "to", "oversee", "the", "markets", ",", "to", "make", "margins", "consistent", "across", "markets", ",", "to", "unify", "clearing", "systems", "and", "to", "install", "circuit", "breakers", ".", "Only", "the", "last", "of", "those", "recommendations", "ever", "was", "implemented", ".", "The", "Reagan", "White", "House", "held", "the", "Brady", "recommendations", "at", "arm", "'s", "length", "and", "named", "a", "second", "panel", "--", "the", "Working", "Group", "on", "the", "Financial", "Markets", "--", "to", "review", "its", "analysis", "and", "those", "of", "other", "crash", "studies", ".", "In", "May", "1988", ",", "the", "Working", "Group", ",", "made", "up", "of", "representatives", "from", "the", "Federal", "Reserve", ",", "the", "Treasury", ",", "the", "Securities", "and", "Exchange", "Commission", ",", "and", "the", "Commodity", "Futures", "Trading", "Commission", ",", "finally", "endorsed", "only", "circuit", "breakers", ".", "After", "several", "more", "months", "of", "arguments", "among", "various", "stock", "exchanges", "and", "futures", "markets", ",", "circuit", "breakers", "were", "set", "in", "place", ",", "with", "the", "most", "notable", "suspending", "trading", "after", "250", "and", "400", "point", "drops", "in", "the", "Dow", "Jones", "Industrial", "Average", ".", "Privately", ",", "some", "free", "marketeers", "dismissed", "such", "mechanisms", "as", "sops", "to", "interventionists", ".", "After", "all", ",", "this", "free-market", "argument", "went", ",", "the", "Dow", "only", "dropped", "more", "than", "250", "points", "once", "this", "century", ".", "``", "Circuit", "breakers", "''", "set", "to", "soften", "big", "drops", ":", "--", "If", "S&P", "futures", "fall", "5", "points", "at", "opening", ",", "contract", "trading", "pauses", "for", "10", "minutes", ".", "--", "If", "Dow", "Industrials", "fall", "25", "points", "at", "opening", ",", "contract", "trading", "pauses", "for", "10", "minutes", ".", "--", "If", "S&P", "futures", "fall", "12", "points", "(", "equivalent", "to", "about", "100", "points", "on", "DJIA", ")", ",", "trading", "is", "frozen", "for", "half", "hour", "to", "that", "price", "or", "higher", ".", "On", "NYSE", "program", "trades", "are", "diverted", "into", "a", "separate", "computer", "file", "to", "determine", "buy", "and", "sell", "orders", ".", "--", "If", "S&P", "futures", "fall", "30", "points", ",", "trading", "is", "restricted", "for", "an", "hour", "to", "that", "price", "or", "higher", ".", "--", "If", "Dow", "Industrials", "fall", "250", "points", ",", "trading", "on", "the", "Big", "Board", "halts", "for", "an", "hour", ".", "S&P", "and", "MMI", "contracts", "also", "halt", ".", "--", "If", "DJIA", "drops", "400", "points", ",", "Big", "Board", "halts", "trading", "for", "two", "hours", ".", "Trading", "in", "MMI", "and", "S&P", "futures", "also", "halted", ".", "Brady", "Task", "Force", "recommendations", "(", "Jan.", "1988", ")", ":", "--", "Establish", "an", "overarching", "regulator", "for", "financial", "markets", "--", "Unify", "trade-clearing", "systems", "--", "Make", "margins", "consistent", "across", "stock", "and", "futures", "markets", "SEC", "proposals", "(", "May", "1988", ")", ":", "--", "Require", "prompt", "reports", "of", "large", "securities", "trades", ".", "--", "Give", "SEC", "authority", "to", "monitor", "risk-taking", "by", "affiliates", "of", "brokerage", "firms", ".", "--", "Transfer", "jurisdiction", "over", "stock-related", "futures", "to", "SEC", "from", "CFTC", ".", "(", "Opposed", "by", "new", "SEC", "chairman", ")", "--", "Give", "SEC", "authority", "to", "halt", "securities", "trading", ",", "(", "also", "opposed", "by", "new", "SEC", "chairman", ")", ".", "Congressional", "proposal", ":", "--", "Create", "a", "task", "force", "to", "review", "current", "state", "of", "the", "securities", "markets", "and", "securities", "laws", ".", "Breaking", "the", "Soviet", "government", "'s", "television", "monopoly", ",", "an", "independent", "company", "has", "gained", "rights", "to", "show", "world", "programming", ",", "including", "American", "films", ".", "``", "There", "must", "not", "be", "a", "monopoly", ",", "there", "must", "be", "freedom", "of", "choice", "for", "both", "journalists", "and", "viewers", ",", "''", "Nikolai", "I.", "Lutsenko", ",", "the", "president", "of", "the", "Nika", "TV", "company", ",", "told", "the", "weekly", "newspaper", "Nedelya", ".", "The", "company", "is", "already", "working", "on", "its", "own", "programming", "in", "several", "provincial", "cities", "and", "hopes", "to", "be", "on", "the", "air", "regularly", "in", "about", "a", "year", ",", "the", "newspaper", "said", ".", "Mr.", "Lutsenko", "told", "Nedelya", "that", "he", "recently", "had", "been", "to", "the", "U.S.", "to", "pick", "up", "the", "rights", "to", "show", "5,000", "U.S.", "films", "in", "the", "Soviet", "Union", ".", "Nedelya", "'s", "article", "was", "accompanied", "by", "a", "picture", "of", "Mr.", "Lutsenko", "interviewing", "singer", "John", "Denver", "in", "Colorado", ".", "Even", "though", "it", "will", "be", "independent", "of", "official", "television", ",", "Nika", "will", "have", "an", "oversight", "board", "that", "will", "include", "members", "of", "the", "Communist", "youth", "league", ".", "South", "Africa", "'s", "National", "Union", "of", "Mineworkers", "said", "that", "about", "10,000", "diamond", "miners", "struck", "for", "higher", "wages", "at", "De", "Beers", "Consolidated", "Mines", "Ltd.", "De", "Beers", "said", "that", "workers", "at", "five", "of", "the", "group", "'s", "mines", "were", "on", "strike", ",", "which", "it", "said", "was", "peaceful", ",", "with", "orderly", "picketing", "occurring", "at", "one", "of", "the", "mines", ".", "The", "deadlock", "in", "negotiations", "occurred", "with", "De", "Beers", "offering", "a", "17", "%", "increase", "in", "the", "minimum-wage", "category", "while", "the", "union", "demanded", "a", "37.6", "%", "increase", "in", "the", "minimum", "wage", ".", "Japan", "'s", "opposition", "Socialist", "Party", "denied", "that", "its", "legislators", "had", "been", "bribed", "by", "pinball-parlor", "owners", ".", "The", "allegation", "had", "been", "raised", "in", "Parliament", "by", "the", "governing", "Liberal", "Democratic", "Party", "following", "magazine", "reports", "suggesting", "that", "money", "from", "Japanese-style", "pinball", ",", "called", "pachinko", ",", "had", "infiltrated", "politics", ".", "Tsuruo", "Yamaguchi", ",", "secretary", "general", "of", "the", "Socialist", "Party", ",", "acknowledged", "that", "nine", "party", "lawmakers", "had", "received", "donations", "from", "the", "pachinko", "association", "totaling", "8", "million", "yen", "(", "about", "$", "55,000", ")", "but", "said", "the", "donations", "were", "legal", "and", "none", "of", "its", "members", "acted", "to", "favor", "the", "industry", ".", "The", "World", "Wide", "Fund", "for", "Nature", "said", "that", "Spain", ",", "Argentina", ",", "Thailand", "and", "Indonesia", "were", "doing", "too", "little", 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"that", "he", "would", "be", "watching", "exchange", "rates", "carefully", ".", "A", "sinking", "pound", "makes", "imports", "more", "expensive", "and", "increases", "businesses", "'", "expectations", "of", "future", "inflation", ",", "he", "argued", ".", "In", "an", "apparent", "warning", "to", "currency", "traders", "who", "have", "lately", "been", "selling", "the", "British", "currency", ",", "he", "stated", "that", "the", "exchange", "rates", "will", "have", "a", "``", "major", "role", "in", "the", "assessment", "of", "monetary", "conditions", ".", "''", "In", "reaffirming", "the", "current", "monetary", "policy", "of", "using", "high", "interest", "rates", "to", "fight", "inflation", "and", "shore", "up", "the", "pound", ",", "Mr.", "Lawson", "dismissed", "other", "approaches", "to", "managing", "the", "economy", ".", "He", "said", "he", "monitors", "the", "money-supply", "figures", ",", "but", "does", "n't", "give", "them", "paramount", "importance", ",", "as", "some", "private", "and", "government", "economists", "have", "suggested", ".", "Mr.", "Lawson", "also", "dismissed", "the", "possibility", "of", "imposing", "direct", "credit", "controls", "on", "Britain", "'s", "financial", "system", ".", "Mr.", "Lawson", "'s", "speech", ",", "delivered", "at", "the", "Lord", "Mayor", "of", "London", "'s", "annual", "dinner", "at", "Mansion", "House", ",", "came", "on", "the", "heels", "of", "a", "grueling", "period", "for", "the", "U.K.", "economy", ".", "Two", "weeks", "ago", ",", "in", "a", "campaign", "to", "blunt", "inflation", "at", "home", "and", "arrest", "a", "world-wide", "plunge", "in", "the", "pound", ",", "he", "raised", "base", "rates", "a", "full", "percentage", "point", "to", "15", "%", ".", "Despite", "the", "increase", ",", "the", "British", "currency", "slid", "below", "a", "perceived", "threshold", "of", "three", "marks", "early", "last", "week", ".", "It", "was", "quoted", "at", "2.9428", "marks", "in", "late", "New", "York", "trading", "Wednesday", ".", "Leading", "up", "to", "the", "speech", "was", "a", "drumroll", "of", "economic", "statistics", "suggesting", "that", "the", "British", "war", "on", "inflation", "will", "be", "more", "bruising", "than", "previously", "assumed", ".", "Unemployment", "in", "September", "dropped", "to", "1,695,000", ",", "the", "lowest", "level", "since", "1980", ".", "While", "lower", "joblessness", "is", "generally", "good", "news", ",", "the", "hefty", "drop", "last", "month", "indicates", "that", "the", "economy", "is", "n't", "slowing", "down", "as", "much", "as", "hoped", "--", "despite", "a", "doubling", "of", "interest", "rates", "over", "the", "last", "16", "months", ".", "Meanwhile", ",", "average", "earnings", "in", "Britain", "were", "up", "8.75", "%", "in", "August", "over", "the", "previous", "year", ".", "Another", "inflationary", "sign", "came", "in", "a", "surge", "in", "building-society", "lending", "to", "a", "record", "#", "10.2", "billion", "(", "$", "16.22", "billion", ")", "last", "month", ",", "a", "much", "higher", "level", "than", "economists", "had", "predicted", ".", "In", "a", "separate", "speech", "prepared", "for", "delivery", "at", "the", "dinner", ",", "Robin", "Leigh-Pemberton", ",", "Bank", "of", "England", "governor", ",", "conceded", "that", "``", "demand", "pressures", "were", "even", "more", "buoyant", "than", "had", "been", "appreciated", "''", "when", "the", "British", "economy", "was", "heating", "up", "last", "year", ".", "He", "added", "that", "``", "there", "'s", "no", "quick-fix", "solution", "''", "to", "the", "economic", "woes", ",", "and", "said", "``", "tight", "monetary", "policy", "is", "the", "right", "approach", ".", "''", "Discussing", "the", "recent", "slide", "in", "stock", "prices", ",", "the", "central", "bank", "governor", "stated", "that", "``", "the", "markets", "now", "appear", "to", "have", "steadied", "''", "after", "the", "``", "nasty", "jolt", "''", "of", "the", "190.58-point", "plunge", "in", "the", "Dow", "Jones", "Industrial", "Average", "a", "week", "ago", ".", "Although", "the", "New", "York", "market", "plunge", "prompted", "a", "70.5-point", "drop", "in", "the", "London", "Financial", "Times-Stock", "Exchange", "100", "Share", "Index", ",", "Mr.", "Leigh-Pemberton", "declared", "``", "that", "the", "experience", "owed", "nothing", "to", "the", "particular", "problems", "of", "the", "British", "economy", ".", "''", "Specifically", ",", "he", "pointed", "out", "that", "compared", "with", "the", "U.S.", "market", ",", "the", "U.K.", "has", "far", "fewer", "highly", "leveraged", "junk-bond", "financings", ".", "Discussing", "future", "monetary", "arrangements", ",", "Mr.", "Lawson", "repeated", "the", "Thatcher", "government", "'s", "commitment", "to", "join", "the", "exchange", "rate", "mechanism", "of", "the", "European", "Monetary", "System", ",", "but", "he", "did", "n't", "indicate", "when", "." ]
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[ "In", "an", "age", "of", "specialization", ",", "the", "federal", "judiciary", "is", "one", "of", "the", "last", "bastions", "of", "the", "generalist", ".", "A", "judge", "must", "jump", "from", "murder", "to", "antitrust", "cases", ",", "from", "arson", "to", "securities", "fraud", ",", "without", "missing", "a", "beat", ".", "But", "even", "on", "the", "federal", "bench", ",", "specialization", "is", "creeping", "in", ",", "and", "it", "has", "become", "a", "subject", "of", "sharp", "controversy", "on", "the", "newest", "federal", "appeals", "court", ".", "The", "Court", "of", "Appeals", "for", "the", "Federal", "Circuit", "was", "created", "in", "1982", "to", "serve", ",", "among", "other", "things", ",", "as", "the", "court", "of", "last", "resort", "for", "most", "patent", "disputes", ".", "Previously", ",", "patent", "cases", "moved", "through", "the", "court", "system", "to", "one", "of", "the", "12", "circuit", "appeals", "courts", ".", "There", ",", "judges", "who", "saw", "few", "such", "cases", "and", "had", "no", "experience", "in", "the", "field", "grappled", "with", "some", "of", "the", "most", "technical", "and", "complex", "disputes", "imaginable", ".", "A", "new", "specialty", "court", "was", "sought", "by", "patent", "experts", ",", "who", "believed", "that", "the", "generalists", "had", "botched", "too", "many", "important", ",", "multimillion-dollar", "cases", ".", "Some", "patent", "lawyers", "had", "hoped", "that", "such", "a", "specialty", "court", "would", "be", "filled", "with", "experts", "in", "the", "field", ".", "But", "the", "Reagan", "administration", "thought", "otherwise", ",", "and", "so", "may", "the", "Bush", "administration", ".", "Since", "1984", ",", "the", "president", "has", "filled", "four", "vacancies", "in", "the", "Federal", "Circuit", "court", "with", "non-patent", "lawyers", ".", "Now", "only", "three", "of", "the", "12", "judges", "--", "Pauline", "Newman", ",", "Chief", "Judge", "Howard", "T.", "Markey", ",", "68", ",", "and", "Giles", "Rich", ",", "85", "--", "have", "patent-law", "backgrounds", ".", "The", "latter", "two", "and", "Judge", "Daniel", "M.", "Friedman", ",", "73", ",", "are", "approaching", "senior", "status", "or", "retirement", ".", "Three", "seats", "currently", "are", "vacant", "and", "three", "others", "are", "likely", "to", "be", "filled", "within", "a", "few", "years", ",", "so", "patent", "lawyers", "and", "research-based", "industries", "are", "making", "a", "new", "push", "for", "specialists", "to", "be", "added", "to", "the", "court", ".", "Several", "organizations", ",", "including", "the", "Industrial", "Biotechnical", "Association", "and", "the", "Pharmaceutical", "Manufacturers", "Association", ",", "have", "asked", "the", "White", "House", "and", "Justice", "Department", "to", "name", "candidates", "with", "both", "patent", "and", "scientific", "backgrounds", ".", "The", "associations", "would", "like", "the", "court", "to", "include", "between", "three", "and", "six", "judges", "with", "specialized", "training", ".", "Some", "of", "the", "associations", "have", "recommended", "Dr.", "Alan", "D.", "Lourie", ",", "54", ",", "a", "former", "patent", "agent", "with", "a", "doctorate", "in", "organic", "chemistry", "who", "now", "is", "associate", "general", "counsel", "with", "SmithKline", "Beckman", "Corp.", "in", "Philadelphia", ".", "Dr.", "Lourie", "says", "the", "Justice", "Department", "interviewed", "him", "last", "July", ".", "Their", "effort", "has", "received", "a", "lukewarm", "response", "from", "the", "Justice", "Department", ".", "``", "We", "do", "not", "feel", "that", "seats", "are", "reserved", "(", "for", "patent", "lawyers", ")", ",", "''", "says", "Justice", "spokesman", "David", "Runkel", ",", "who", "declines", "to", "say", "how", "soon", "a", "candidate", "will", "be", "named", ".", "``", "But", "we", "will", "take", "it", "into", "consideration", ".", "''", "The", "Justice", "Department", "'s", "view", "is", "shared", "by", "other", "lawyers", "and", "at", "least", "one", "member", "of", "the", "court", ",", "Judge", "H.", "Robert", "Mayer", ",", "a", "former", "civil", "litigator", "who", "served", "at", "the", "claims", "court", "trial", "level", "before", "he", "was", "appointed", "to", "the", "Federal", "Circuit", "two", "years", "ago", ".", "``", "I", "believe", "that", "any", "good", "lawyer", "should", "be", "able", "to", "figure", "out", "and", "understand", "patent", "law", ",", "''", "Judge", "Mayer", "says", ",", "adding", "that", "``", "it", "'s", "the", "responsibility", "of", "highly", "paid", "lawyers", "(", "who", "argue", "before", "the", "court", ")", "to", "make", "us", "understand", "(", "complex", "patent", "litigation", ")", ".", "''", "Yet", "some", "lawyers", "point", "to", "Eli", "Lilly", "&", "Co.", "vs.", "Medtronic", ",", "Inc.", ",", "the", "patent", "infringement", "case", "the", "Supreme", "Court", "this", "month", "agreed", "to", "review", ",", "as", "an", "example", "of", "poor", "legal", "reasoning", "by", "judges", "who", "lack", "patent", "litigation", "experience", ".", "(", "Judge", "Mayer", "was", "not", "on", "the", "three-member", "panel", ".", ")", "In", "the", "Lilly", "case", ",", "the", "appeals", "court", "broadly", "construed", "a", "federal", "statute", "to", "grant", "Medtronic", ",", "a", "medical", "device", "manufacturer", ",", "an", "exemption", "to", "infringe", "a", "patent", "under", "certain", "circumstances", ".", "If", "the", "Supreme", "Court", "holds", "in", "Medtronic", "'s", "favor", ",", "the", "decision", "will", "have", "billion-dollar", "consequences", "for", "the", "manufacturers", "of", "medical", "devices", ",", "color", "and", "food", "additives", "and", "all", "other", "non-drug", "products", "that", "required", "Food", "&", "Drug", "Administration", "approval", ".", "Lisa", "Raines", ",", "a", "lawyer", "and", "director", "of", "government", "relations", "for", "the", "Industrial", "Biotechnical", "Association", ",", "contends", "that", "a", "judge", "well-versed", "in", "patent", "law", "and", "the", "concerns", "of", "research-based", "industries", "would", "have", "ruled", "otherwise", ".", "And", "Judge", "Newman", ",", "a", "former", "patent", "lawyer", ",", "wrote", "in", "her", "dissent", "when", "the", "court", "denied", "a", "motion", "for", "a", "rehearing", "of", "the", "case", "by", "the", "full", "court", ",", "``", "The", "panel", "'s", "judicial", "legislation", "has", "affected", "an", "important", "high-technological", "industry", ",", "without", "regard", "to", "the", "consequences", "for", "research", "and", "innovation", "or", "the", "public", "interest", ".", "''", "Says", "Ms.", "Raines", ",", "``", "(", "The", "judgment", ")", "confirms", "our", "concern", "that", "the", "absence", "of", "patent", "lawyers", "on", "the", "court", "could", "prove", "troublesome", "." ]
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[ "When", "China", "opened", "its", "doors", "to", "foreign", "investors", "in", "1979", ",", "toy", "makers", "from", "Hong", "Kong", "were", "among", "the", "first", "to", "march", "in", ".", "Today", ",", "with", "about", "75", "%", "of", "the", "companies", "'", "products", "being", "made", "in", "China", ",", "the", "chairman", "of", "the", "Hong", "Kong", "Toys", "Council", ",", "Dennis", "Ting", ",", "has", "suggested", "a", "new", "sourcing", "label", ":", "``", "Made", "in", "China", "by", "Hong", "Kong", "Companies", ".", "''", "The", "toy", "makers", "were", "pushed", "across", "the", "border", "by", "rising", "labor", "and", "land", "costs", "in", "the", "British", "colony", ".", "But", "in", "the", "wake", "of", "the", "shootings", "in", "Beijing", "on", "June", "4", ",", "the", "Hong", "Kong", "toy", "industry", "is", "worrying", "about", "its", "strong", "dependence", "on", "China", ".", "Although", "the", "manufacturers", "stress", "that", "production", "has", "n't", "been", "affected", "by", "China", "'s", "political", "turmoil", ",", "they", "are", "looking", "for", "additional", "sites", ".", "The", "toy", "makers", ",", "and", "their", "foreign", "buyers", ",", "cite", "uncertainty", "about", "China", "'s", "economic", "and", "political", "policies", ".", "``", "Nobody", "wants", "to", "have", "all", "his", "eggs", "in", "one", "basket", ",", "''", "says", "David", "Yeh", ",", "chairman", "and", "chief", "executive", "officer", "of", "International", "Matchbox", "Group", "Ltd", ".", "Indeed", ",", "Matchbox", "and", "other", "leading", "Hong", "Kong", "toy", "makers", "were", "setting", "up", "factories", "in", "Southeast", "Asia", ",", "especially", "in", "Thailand", ",", "long", "before", "the", "massacre", ".", "Their", "steps", "were", "partly", "prompted", "by", "concern", "over", "a", "deterioration", "of", "business", "conditions", "in", "southern", "China", ".", "By", "diversifying", "supply", "sources", ",", "the", "toy", "makers", "do", "n't", "intend", "to", "withdraw", "from", "China", ",", "manufacturers", "and", "foreign", "buyers", "say", ".", "It", "would", "n't", "be", "easy", "to", "duplicate", "quickly", "the", "manufacturing", "capacity", "built", "up", "in", "southern", "China", "during", "the", "past", "decade", ".", "A", "supply", "of", "cheap", "labor", "and", "the", "access", "to", "Hong", "Kong", "'s", "port", ",", "airport", ",", "banks", "and", "support", "industries", ",", "such", "as", "printing", "companies", ",", "have", "made", "China", "'s", "Guangdong", "province", "a", "premier", "manufacturing", "site", ".", "``", "South", "China", "is", "the", "most", "competitive", "source", "of", "toys", "in", "the", "world", ",", "''", "says", "Henry", "Hu", ",", "executive", "director", "of", "Wah", "Shing", "Toys", "Consolidated", "Ltd", ".", "Hong", "Kong", "trade", "figures", "illustrate", "the", "toy", "makers", "'", "reliance", "on", "factories", "across", "the", "border", ".", "In", "1988", ",", "exports", "of", "domestically", "produced", "toys", "and", "games", "fell", "19", "%", "from", "1987", ",", "to", "HK$", "10.05", "billion", "(", "US$", "1.29", "billion", ")", ".", "But", "re-exports", ",", "mainly", "from", "China", ",", "jumped", "75", "%", ",", "to", "HK$", "15.92", "billion", ".", "In", "1989", "'s", "first", "seven", "months", ",", "domestic", "exports", "fell", "29", "%", ",", "to", "HK$", "3.87", "billion", ",", "while", "re-exports", "rose", "56", "%", ",", "to", "HK$", "11.28", "billion", ".", "Manufacturers", "say", "there", "is", "no", "immediate", "substitute", "for", "southern", "China", ",", "where", "an", "estimated", "120,000", "people", "are", "employed", "by", "the", "toy", "industry", ".", "``", "For", "the", "next", "few", "years", ",", "like", "it", "or", "not", ",", "China", "is", "going", "to", "be", "the", "main", "supplier", ",", "''", "says", "Edmund", "Young", ",", "vice", "president", "of", "Perfecta", "Enterprises", "Ltd.", ",", "one", "of", "the", "first", "big", "Hong", "Kong", "toy", "makers", "to", "move", "across", "the", "border", ".", "In", "the", "meantime", ",", "as", "manufacturers", "and", "buyers", "seek", "new", "sites", ",", "they", "are", "focusing", "mainly", "on", "Southeast", "Asia", ".", "Several", "big", "companies", "have", "established", "manufacturing", "joint", "ventures", "in", "Thailand", ",", "including", "Matchbox", ",", "Wah", "Shing", "and", "Kader", "Industrial", "Co.", ",", "the", "toy", "manufacturer", "headed", "by", "Mr.", "Ting", ".", "Malaysia", ",", "the", "Philippines", "and", "Indonesia", "also", "are", "being", "studied", ".", "With", "the", "European", "Community", "set", "to", "remove", "its", "internal", "trade", "barriers", "in", "1992", ",", "several", "Hong", "Kong", "companies", "are", "beginning", "to", "consider", "Spain", ",", "Portugal", "and", "Greece", "as", "possible", "manufacturing", "sites", ".", "Worries", "about", "China", "came", "just", "as", "Hong", "Kong", "'s", "toy", "industry", "was", "recovering", "from", "a", "1987", "sales", "slump", "and", "bankruptcy", "filings", "by", "two", "major", "U.S.", "companies", ",", "Worlds", "of", "Wonder", "Inc.", "and", "Coleco", "Industries", "Inc", ".", "Hong", "Kong", "manufacturers", "say", "large", "debt", "writeoffs", "and", "other", "financial", "problems", "resulting", "from", "the", "1987", "difficulties", "chastened", "the", "local", "industry", ",", "causing", "it", "to", "tighten", "credit", "policies", "and", "financial", "management", ".", "The", "industry", "regards", "last", "year", "and", "this", "year", "as", "a", "period", "of", "recovery", "that", "will", "lead", "to", "improved", "results", ".", "Still", ",", "they", "long", "for", "a", "``", "mega-hit", "''", "toy", "to", "excite", "retail", "sales", "in", "the", "U.S.", ",", "Hong", "Kong", "'s", "biggest", "market", "for", "toys", "and", "games", ".", "The", "closest", "thing", "the", "colony", "'s", "companies", "have", "to", "a", "U.S.", "mega-hit", "this", "year", "is", "the", "Teenage", "Mutant", "Ninja", "Turtles", "series", "of", "action", "figures", "manufactured", "by", "Playmates", "Holdings", "Ltd", ".", "Introduced", "in", "mid-1988", ",", "the", "15-centimeter-tall", "plastic", "turtles", "are", "based", "on", "an", "American", "comic", "book", "and", "television", "series", ".", "Paul", "Kwan", ",", "managing", "director", "of", "Playmates", ",", "says", "10", "million", "Ninja", "Turtles", "have", "been", "sold", ",", "placing", "the", "reptilian", "warriors", "among", "the", "10", "biggest-selling", "toys", "in", "the", "U.S.", ".", "Should", "sales", "continue", "to", "be", "strong", "through", "the", "Christmas", "season", ",", "which", "accounts", "for", "about", "60", "%", "of", "U.S.", "retail", "toy", "sales", ",", "Mr.", "Kwan", "said", "the", "Ninja", "Turtles", "could", "make", "1989", "a", "record", "sales", "year", "for", "Playmates", ".", "Other", "Hong", "Kong", "manufacturers", "expect", "their", "results", "to", "improve", "only", "slightly", "this", "year", "from", "1988", ".", "Besides", "the", "lack", "of", "a", "fast-selling", "product", ",", "they", "cite", "the", "continued", "dominance", "of", "the", "U.S.", "market", "by", "Nintendo", "Entertainment", "System", ",", "an", "expensive", "video", "game", "made", "by", "Nintendo", "Co.", "of", "Japan", ".", "Nintendo", "buyers", "have", "little", "money", "left", "to", "spend", "on", "other", "products", ".", "Many", "of", "the", "toy", "makers", "'", "problems", "started", "well", "before", "June", "4", "as", "a", "result", "of", "overstrained", "infrastructure", "and", "Beijing", "'s", "austerity", "programs", "launched", "late", "last", "year", ".", "Toy", "makers", "complain", "that", "electricity", "in", "Guangdong", "has", "been", "provided", "only", "three", "days", "a", "week", "in", "recent", "months", ",", "down", "from", "five", "days", "a", "week", ",", "as", "the", "province", "'s", "rapid", "industrialization", "has", "outstripped", "its", "generating", "capacity", ".", "Manufacturers", "are", "upgrading", "standby", "power", "plants", ".", "Bank", "credit", "for", "China", "investments", "all", "but", "dried", "up", "following", "June", "4", ".", "Also", ",", "concern", "exists", "that", "the", "harder-line", "Beijing", "leadership", "will", "tighten", "its", "control", "of", "Guangdong", ",", "which", "has", "been", "the", "main", "laboratory", "for", "the", "open-door", "policy", "and", "economic", "reforms", ".", "But", ",", "toy", "manufacturers", "and", "other", "industrialists", "say", "Beijing", "will", "be", "restrained", "from", "tightening", "controls", "on", "export-oriented", "southern", "China", ".", "They", "say", "China", "'s", "trade", "deficit", "is", "widening", "and", "the", "country", "is", "too", "short", "of", "foreign", "exchange", "for", "it", "to", "hamper", "production", "in", "Guangdong", ".", "``", "The", "Chinese", "leaders", "have", "to", "decide", "whether", "they", "want", "control", "or", "whether", "the", "want", "exports", ",", "''", "says", "Mr.", "Kwan", "of", "Playmates", "." ]
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"compound", "nsubj", "aux", "dep", "cc", "det", "nsubj", "cop", "advmod", "conj", "case", "amod", "obl", "mark", "nsubj", "mark", "ccomp", "obj", "case", "nmod", "punct", "punct", "det", "amod", "nsubj", "ccomp", "mark", "xcomp", "mark", "nsubj", "ccomp", "obj", "cc", "mark", "nsubj", "conj", "obj", "punct", "punct", "root", "compound", "nsubj", "case", "nmod", "punct" ]
[ "Clinton", "Gas", "Systems", "Inc.", "said", "it", "received", "a", "contract", "from", "Timken", "Co.", ",", "Canton", ",", "Ohio", ",", "to", "manage", "the", "natural", "gas", "purchasing", ",", "scheduling", "and", "transportation", "activities", "for", "Timken", "'s", "seven", "Ohio", "and", "two", "Pennsylvania", "plants", ".", "Clinton", "and", "Timken", "agreed", "not", "to", "disclose", "the", "value", "of", "the", "contract", ".", "Timken", ",", "a", "producer", "of", "bearings", "and", "specialty", "steel", ",", "already", "buys", "gas", "from", "Clinton", ".", "Clinton", "said", "in", "Columbus", ",", "Ohio", ",", "that", "its", "Clinton", "Gas", "Marketing", "unit", "wants", "to", "line", "up", "a", "number", "of", "such", "gas", "management", "contracts", ".", "Manufacturers", "frequently", "do", "n't", "have", "anyone", "who", "is", "a", "specialist", "in", "natural", "gas", ",", "Clinton", "said", ",", "and", "a", "specialist", "such", "as", "Clinton", "can", "save", "them", "substantial", "amounts", "of", "money", "." ]
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[ "compound", "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "det", "obj", "case", "compound", "obl", "punct", "compound", "punct", "appos", "punct", "mark", "advcl", "det", "amod", "compound", "compound", "punct", "conj", "cc", "conj", "obj", "case", "nmod:poss", "case", "nummod", "dep", "cc", "nummod", "conj", "obl", "punct", "nsubj", "cc", "conj", "root", "advmod", "mark", "xcomp", "det", "obj", "case", "det", "nmod", "punct", "nsubj", "punct", "det", "appos", "case", "nmod", "cc", "compound", "conj", "punct", "advmod", "root", "obj", "case", "obl", "punct", "nsubj", "root", "case", "compound", "punct", "obl", "punct", "mark", "nmod:poss", "compound", "compound", "compound", "nsubj", "ccomp", "mark", "xcomp", "compound:prt", "det", "obj", "case", "amod", "compound", "compound", "nmod", "punct", "nsubj", "advmod", "aux", "advmod", "root", "obj", "nsubj", "cop", "det", "acl:relcl", "case", "amod", "nmod", "punct", "nsubj", "dep", "punct", "cc", "det", "nsubj", "case", "fixed", "nmod", "aux", "conj", "iobj", "amod", "obj", "case", "nmod", "punct" ]
[ "Four", "years", "ago", ",", "Pittsburgh", "was", "designated", "the", "most-livable", "U.S.", "city", "by", "Rand", "McNally", "'s", "Places", "Rated", "Almanac", ",", "and", "the", "honor", "did", "wonders", "to", "improve", "Pittsburgh", "'s", "soot-stained", "image", ".", "``", "People", "asked", ",", "is", "it", "really", "true", "?", "''", "says", "Maury", "Kelley", ",", "vice", "president", ",", "marketing", "services", ",", "for", "Beecham", "Products", "USA", ",", "a", "maker", "of", "health", "and", "personal-care", "products", "that", "used", "the", "ranking", "in", "its", "recruiting", "brochure", ".", "Yuba", "City", ",", "Calif.", ",", "meanwhile", ",", "ranked", "dead", "last", "among", "329", "metro", "areas", ".", "Unamused", ",", "residents", "burned", "Rand", "McNally", "books", "and", "wore", "T-shirts", "that", "said", ":", "``", "Kiss", "my", "Atlas", ".", "''", "The", "almanac", "will", "be", "making", "new", "friends", "and", "enemies", "on", "Oct.", "27", ",", "when", "an", "updated", "version", "will", "be", "released", ".", "Pittsburgh", "figures", "it", "will", "be", "dethroned", "but", "plans", "to", "accept", "its", "ouster", "graciously", ".", "The", "city", "'s", "Office", "of", "Promotion", "plans", "media", "events", "to", "welcome", "its", "successor", ".", "``", "We", "'re", "encouraging", "a", "graceful", "transition", ",", "''", "says", "Mary", "Kay", "Poppenberg", ",", "the", "organization", "'s", "president", ".", "``", "Our", "attitude", "is", "that", "(", "the", "ranking", ")", "is", "like", "Miss", "America", ".", "Once", "you", "'re", "Miss", "America", ",", "you", "'re", "always", "Miss", "America", ".", "''", "Tell", "that", "to", "Atlanta", ",", "which", "Pittsburgh", "replaced", "as", "the", "most-livable", "city", "in", "1985", ".", "Many", "Atlantans", "thought", "Pittsburgh", "was", "an", "unworthy", "heir", ".", "A", "columnist", "in", "the", "Atlanta", "Journal", "and", "Constitution", "wrote", ":", "``", "Who", "did", "the", "research", "for", "this", "report", "?", "Two", "guys", "from", "Gary", ",", "Ind.", "?", "''", "Not", "so", ".", "Co-authors", "David", "Savageau", "and", "Richard", "Boyer", ",", "live", "in", "Gloucester", ",", "Mass.", ",", "and", "Asheville", ",", "N.C.", ",", "respectively", ".", "``", "Atlanta", ",", "''", "Mr.", "Savageau", "sniffs", ",", "``", "has", "unrealistic", "pretensions", "to", "world-class", "status", ".", "''", "The", "new", "edition", "lists", "the", "top", "10", "metropolitan", "areas", "as", "Anaheim-Santa", "Ana", ",", "Calif.", ";", "Boston", ";", "Louisville", ",", "Ky.", ";", "Nassau-Suffolk", ",", "N.Y.", ";", "New", "York", ";", "Pittsburgh", ";", "San", "Diego", ";", "San", "Francisco", ";", "Seattle", ";", "and", "Washington", ".", "Mr.", "Savageau", "says", "earthquake", "or", "not", ",", "San", "Francisco", "makes", "the", "list", ".", "But", "attention", "also", "rivets", "on", "who", "finishes", "last", ",", "and", "Pine", "Bluff", ",", "Ark.", "--", "which", "finished", "third", "to", "last", "in", "1981", "and", "second", "to", "last", "in", "1985", "--", "is", "certainly", "in", "the", "running", ".", "``", "I", "hate", "to", "dignify", "the", "publication", "by", "commenting", "on", "the", "obscene", "rating", ",", "''", "Mayor", "Carolyn", "Robinson", "says", ",", "adding", "that", "cities", "have", "no", "way", "to", "rebut", "the", "book", ".", "``", "It", "'s", "like", "fighting", "your", "way", "out", "of", "a", "fog", ".", "You", "do", "n't", "know", "which", "way", "to", "punch", "." ]
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[ "nummod", "obl:npmod", "advmod", "punct", "nsubj:pass", "aux:pass", "root", "det", "amod", "compound", "xcomp", "case", "compound", "nmod:poss", "case", "compound", "compound", "obl", "punct", "cc", "det", "nsubj", "conj", "obj", "mark", "advcl", "nmod:poss", "case", "amod", "obj", "punct", "punct", "nsubj", "ccomp", "punct", "cop", "nsubj", "advmod", "dep", "punct", "punct", "root", "compound", "dep", "punct", "compound", "appos", "punct", "compound", "appos", "punct", "case", "compound", "compound", "nmod", "punct", "det", "appos", "case", "compound", "cc", "conj", "nmod", "nsubj", "acl:relcl", "det", "obj", "case", "nmod:poss", "compound", "obl", "punct", "compound", "nsubj", "punct", "appos", "punct", "advmod", "punct", "root", "dep", "xcomp", "case", "nummod", "compound", "obl", "punct", "ccomp", "punct", "nsubj", "root", "compound", "compound", "obj", "cc", "conj", "obj", "nsubj", "acl:relcl", "punct", "punct", "ccomp", "nmod:poss", "obj", "punct", "punct", "det", "nsubj", "aux", "aux", "root", "amod", "obj", "cc", "conj", "case", "obl", "nummod", "punct", "advmod", "det", "amod", "nsubj:pass", "aux", "aux:pass", "acl:relcl", "punct", "nsubj", "root", "nsubj:pass", "aux", "aux:pass", "ccomp", "cc", "conj", "mark", "xcomp", "nmod:poss", "obj", "advmod", "punct", "det", "nmod:poss", "case", "nsubj", "case", "nmod", "root", "compound", "obj", "mark", "acl", "nmod:poss", "obj", "punct", "punct", "nsubj", "aux", "ccomp", "det", "amod", "obj", "punct", "punct", "root", "compound", "compound", "nsubj", "punct", "det", "nmod:poss", "case", "appos", "punct", "punct", "nmod:poss", "nsubj", "root", "mark", "punct", "det", "nsubj", "punct", "cop", "case", "compound", "ccomp", "punct", "advmod", "nsubj", "cop", "compound", "advcl", "punct", "nsubj", "cop", "advmod", "compound", "root", "punct", "punct", "root", "obj", "case", "obl", "punct", "obj", "nsubj", "acl:relcl", "case", "det", "amod", "obl", "case", "obl", "punct", "amod", "nsubj", "root", "nsubj", "cop", "det", "amod", "ccomp", "punct", "det", "nsubj", "case", "det", "compound", "nmod", "cc", "conj", "root", "punct", "punct", "nsubj", "ccomp", "det", "obj", "case", "det", "obl", "punct", "nummod", "root", "case", "nmod", "punct", "appos", "punct", "punct", "root", "dep", "punct", "compound", "compound", "nsubj", "cc", "compound", "conj", "punct", "root", "case", "obl", "punct", "appos", "punct", "cc", "conj", "punct", "appos", "punct", "advmod", "punct", "punct", "nsubj", "punct", "punct", "compound", "nsubj", "parataxis", "punct", "punct", "root", "amod", "obj", "case", "amod", "nmod", "punct", "punct", "det", "amod", "nsubj", "root", "det", "amod", "nummod", "amod", "obj", "case", "compound", "obl", "punct", "appos", "punct", "conj", "punct", "conj", "punct", "appos", "punct", "conj", "punct", "appos", "punct", "compound", "conj", "punct", "conj", "punct", "compound", "conj", "punct", "compound", "conj", "punct", "conj", "punct", "cc", "conj", "punct", "compound", "nsubj", "root", "dep", "cc", "dep", "punct", "compound", "nsubj", "ccomp", "det", "obj", "punct", "cc", "nsubj", "advmod", "root", "mark", "nsubj", "advcl", "advmod", "punct", "cc", "compound", "nsubj", "punct", "appos", "punct", "nsubj", "dep", "advmod", "dep", "advmod", "case", "obl", "cc", "advmod", "dep", "orphan", "case", "conj", "punct", "cop", "advmod", "case", "det", "conj", "punct", "punct", "nsubj", "ccomp", "mark", "xcomp", "det", "obj", "mark", "advcl", "case", "det", "amod", "obl", "punct", "punct", "compound", "compound", "nsubj", "root", "punct", "xcomp", "mark", "nsubj", "ccomp", "det", "obj", "mark", "acl", "det", "obj", "punct", "punct", "nsubj", "cop", "mark", "root", "nmod:poss", "obj", "advmod", "case", "det", "obl", "punct", "nsubj", "aux", "advmod", "root", "dep", "advmod", "mark", "xcomp", "punct" ]
[ "A", "labor-management", "group", "is", "preparing", "a", "revised", "buy-out", "bid", "for", "United", "Airlines", "parent", "UAL", "Corp.", "that", "would", "transfer", "majority", "ownership", "to", "employees", "while", "leaving", "some", "stock", "in", "public", "hands", ",", "according", "to", "people", "familiar", "with", "the", "group", ".", "The", "group", "has", "been", "discussing", "a", "proposal", "valued", "in", "a", "range", "of", "$", "225", "to", "$", "240", "a", "share", ",", "or", "$", "5.09", "billion", "to", "$", "5.42", "billion", ".", "But", "to", "avoid", "the", "risk", "of", "rejection", ",", "the", "group", "does", "n't", "plan", "to", "submit", "the", "plan", "formally", "at", "a", "UAL", "board", "meeting", "today", ".", "Instead", ",", "the", "group", "is", "raising", "the", "proposal", "informally", "to", "try", "to", "test", "the", "board", "'s", "reaction", ".", "People", "familiar", "with", "the", "company", "say", "the", "board", "is", "n't", "likely", "to", "give", "quick", "approval", "to", "any", "offer", "substantially", "below", "the", "$", "300-a-share", ",", "$", "6.79", "billion", "buy-out", "bid", "that", "collapsed", "last", "week", "after", "banks", "would", "n't", "raise", "needed", "loans", "and", "after", "a", "key", "partner", ",", "British", "Airways", "PLC", ",", "dropped", "out", ".", "In", "composite", "trading", "Friday", "on", "the", "New", "York", "Stock", "Exchange", ",", "UAL", "closed", "at", "$", "168.50", "a", "share", ",", "down", "$", "21.625", ".", "But", "the", "pilots", "union", ",", "which", "has", "been", "pushing", "for", "a", "takeover", "since", "1987", ",", "appears", "to", "be", "pressing", "ahead", "with", "the", "revised", "bid", "to", "avoid", "further", "loss", "of", "momentum", "even", "though", "it", "has", "n't", "found", "a", "partner", "to", "replace", "British", "Air", ".", "Although", "the", "bidding", "group", "has", "n't", "had", "time", "to", "develop", "its", "latest", "idea", "fully", "or", "to", "discuss", "it", "with", "banks", ",", "it", "believes", "bank", "financing", "could", "be", "obtained", ".", "After", "the", "collapse", "of", "the", "last", "effort", ",", "the", "group", "does", "n't", "plan", "to", "make", "any", "formal", "proposal", "without", "binding", "commitments", "from", "banks", "covering", "the", "entire", "amount", "to", "be", "borrowed", ".", "Under", "the", "type", "of", "transaction", "being", "discussed", ",", "the", "pilot-management", "group", "would", "borrow", "several", "billion", "dollars", "from", "banks", "that", "could", "then", "be", "used", "to", "finance", "a", "cash", "payment", "to", "current", "holders", ".", "Those", "current", "holders", "would", "also", "receive", "minority", "interests", "in", "the", "new", "company", ".", "For", "example", ",", "the", "group", "could", "offer", "$", "200", "a", "share", "in", "cash", "plus", "stock", "valued", "at", "$", "30", "a", "share", ".", "UAL", "currently", "has", "22.6", "million", "shares", ",", "fully", "diluted", ".", "The", "new", "structure", "would", "be", "similar", "to", "a", "recapitalization", "in", "which", "holders", "get", "a", "special", "dividend", "yet", "retain", "a", "controlling", "ownership", "interest", ".", "The", "difference", "is", "that", "current", "holders", "would", "n't", "retain", "majority", "ownership", "or", "control", ".", "The", "failed", "takeover", "would", "have", "given", "UAL", "employees", "75", "%", "voting", "control", "of", "the", "nation", "'s", "second-largest", "airline", ",", "with", "management", "getting", "10", "%", "control", "and", "British", "Air", "15", "%", ".", "It", "was", "n't", "clear", "how", "the", "ownership", "would", "stack", "up", "under", "the", "new", "plan", ",", "but", "employees", "would", "keep", "more", "than", "50", "%", ".", "Management", "'s", "total", "could", "be", "reduced", ",", "and", "the", "public", "could", "get", "more", "than", "the", "15", "%", "control", "that", "had", "been", "earmarked", "for", "British", "Air", ".", "One", "option", "the", "board", "is", "likely", "to", "consider", "today", "is", "some", "sort", "of", "cooling-off", "period", ".", "Although", "the", "pilots", "are", "expected", "to", "continue", "to", "pursue", "the", "bid", ",", "UAL", "Chairman", "Stephen", "Wolf", "may", "be", "asked", "to", "withdraw", "from", "the", "buy-out", "effort", ",", "at", "least", "temporarily", ",", "and", "to", "return", "to", "running", "the", "company", "full", "time", ".", "The", "board", "could", "eventually", "come", "under", "some", "pressure", "to", "sell", "the", "company", "because", "its", "members", "can", "be", "ousted", "by", "a", "majority", "shareholder", "vote", ",", "particularly", "since", "one-third", "of", "UAL", "stock", "is", "held", "by", "takeover", "stock", "speculators", "who", "favor", "a", "sale", ".", "The", "labor-management", "buy-out", "group", "plans", "to", "keep", "its", "offer", "on", "the", "table", "in", "an", "apparent", "attempt", "to", "maintain", "its", "bargaining", "position", "with", "the", "board", ".", "However", ",", "the", "only", "outsider", "who", "has", "emerged", "to", "lead", "such", "a", "shareholder", "vote", ",", "Los", "Angeles", "investor", "Marvin", "Davis", ",", "who", "triggered", "the", "buy-out", "with", "a", "$", "5.4", "billion", "bid", "in", "early", "August", ",", "is", "hanging", "back", "--", "apparently", "to", "avoid", "being", "blamed", "for", "contributing", "to", "the", "deal", "'s", "collapse", ".", "Three", "top", "advisers", "to", "Mr.", "Davis", "visited", "New", "York", "late", "last", "week", ",", "at", "least", "in", "part", "to", "confer", "with", "executives", "at", "Citicorp", ".", "Mr.", "Davis", "had", "paid", "$", "6", "million", "for", "Citicorp", "'s", "backing", "of", "his", "last", "bid", ".", "But", "Citicorp", "has", "lost", "some", "credibility", "because", "it", "also", "led", "the", "unsuccessful", "effort", "to", "gain", "bank", "loans", "for", "the", "labor-management", "group", ".", "On", "Friday", ",", "British", "Air", "issued", "a", "statement", "saying", "it", "``", "does", "not", "intend", "to", "participate", "in", "any", "new", "deal", "for", "the", "acquisition", "of", "UAL", "in", "the", "foreseeable", "future", ".", "''", "However", ",", "several", "people", "said", "that", "British", "Air", "might", "yet", "rejoin", "the", "bidding", "group", "and", "that", "the", "carrier", "made", "the", "statement", "to", "answer", "questions", "from", "British", "regulators", "about", "how", "it", "plans", "to", "use", "proceeds", "of", "a", "securities", "offering", "previously", "earmarked", "for", "the", "UAL", "buy-out", ".", "Also", "late", "last", "week", ",", "UAL", "flight", "attendants", "agreed", "to", "participate", "with", "the", "pilots", "in", "crafting", "a", "revised", "offer", ".", "But", "the", "machinists", "union", ",", "whose", "opposition", "helped", "scuttle", "the", "first", "buy-out", "bid", ",", "is", "likely", "to", "favor", "a", "recapitalization", "with", "a", "friendly", "third-party", "investor", ".", "One", "advantage", "the", "buy-out", "group", "intends", "to", "press", "with", "the", "board", "is", "that", "pilots", "have", "agreed", "to", "make", "$", "200", "million", "in", "annual", "cost", "concessions", "to", "help", "finance", "a", "bid", ".", "Speculation", "has", "also", "arisen", "that", "the", "UAL", "executive", "most", "closely", "identified", "with", "the", "failure", "to", "gain", "bank", "financing", ",", "chief", "financial", "officer", "John", "Pope", ",", "may", "come", "under", "pressure", "to", "resign", ".", "However", ",", "people", "familiar", "with", "the", "buy-out", "group", "said", "Mr.", "Pope", "'s", "departure", "would", "weaken", "the", "airline", "'s", "management", "at", "a", "critical", "time", ".", "Despite", "the", "buy-out", "group", "'s", "failure", "to", "obtain", "financing", ",", "UAL", "remains", "obligated", "to", "pay", "$", "26.7", "million", "in", "investment", "banking", "and", "legal", "fees", "to", "the", "group", "'s", "advisers", ",", "Lazard", "Freres", "&", "Co.", ",", "Salomon", "Brothers", "Inc.", ",", "and", "Paul", "Weiss", "Rifkind", "Wharton", "&", "Garrison", "." ]
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"case", "det", "amod", "obl", "punct", "case", "det", "compound", "nmod:poss", "case", "obl", "mark", "acl", "obj", "punct", "nsubj", "root", "xcomp", "mark", "xcomp", "obj", "compound", "nummod", "case", "compound", "nmod", "cc", "amod", "conj", "case", "det", "nmod:poss", "case", "obl", "punct", "compound", "appos", "cc", "conj", "punct", "compound", "compound", "conj", "punct", "cc", "compound", "compound", "compound", "conj", "cc", "conj", "punct" ]
[ "Dow", "Jones", "&", "Co.", "said", "it", "acquired", "a", "15", "%", "interest", "in", "DataTimes", "Corp.", ",", "a", "subsidiary", "of", "Oklahoma", "Publishing", "Co.", ",", "Oklahoma", "City", ",", "that", "provides", "electronic", "research", "services", ".", "Terms", "were", "n't", "disclosed", ".", "Customers", "of", "either", "DataTimes", "or", "Dow", "Jones", "News/Retrieval", "are", "able", "to", "access", "the", "information", "on", "both", "services", ".", "Dow", "Jones", "is", "the", "publisher", "of", "The", "Wall", "Street", "Journal", "." ]
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[ "compound", "nsubj", "cc", "conj", "root", "nsubj", "ccomp", "det", "compound", "amod", "obj", "case", "compound", "nmod", "punct", "det", "appos", "case", "compound", "compound", "nmod", "punct", "compound", "appos", "punct", "nsubj", "acl:relcl", "amod", "compound", "obj", "punct", "nsubj:pass", "aux:pass", "advmod", "root", "punct", "nsubj", "case", "cc:preconj", "nmod", "cc", "compound", "compound", "conj", "cop", "root", "mark", "xcomp", "det", "obj", "case", "det", "nmod", "punct", "compound", "nsubj", "cop", "det", "root", "case", "det", "compound", "compound", "nmod", "punct" ]
[ "The", "following", "issues", "were", "recently", "filed", "with", "the", "Securities", "and", "Exchange", "Commission", ":", "Anheuser-Busch", "Cos.", ",", "shelf", "offering", "of", "$", "575", "million", "of", "debt", "securities", ".", "Coca-Cola", "Bottling", "Co.", "Consolidated", ",", "shelf", "offering", "of", "$", "200", "million", "of", "debt", "securities", ",", "via", "Salomon", "Brothers", "Inc.", "and", "Goldman", ",", "Sachs", "&", "Co", ".", "First", "Brands", "Corp.", ",", "proposed", "offering", "of", "6,475,000", "common", "shares", ",", "of", "which", "1,475,000", "common", "shares", "will", "be", "sold", "by", "the", "company", "and", "five", "million", "shares", "by", "holders", ",", "via", "First", "Boston", "Corp.", "and", "Credit", "Suisse", "First", "Boston", "Ltd", ".", "Home", "Nutritional", "Services", "Inc.", ",", "a", "wholly", "owned", "subsidiary", "of", "Healthdyne", "Inc.", ",", "proposed", "initial", "offering", "of", "four", "million", "common", "shares", ",", "of", "which", "1.8", "million", "will", "be", "sold", "by", "Home", "Nutritional", "Services", "and", "2.2", "million", "will", "be", "sold", "by", "Healthdyne", ",", "via", "Smith", "Barney", ",", "Harris", "Upham", "&", "Co", ".", "Parametric", "Technology", "Corp.", ",", "initial", "public", "offering", "of", "1.7", "million", "common", "shares", ",", "of", "which", "1,365,226", "will", "be", "offered", "by", "the", "company", "and", "334,774", "will", "be", "offered", "by", "holders", ",", "via", "Alex", ".", "Brown", "&", "Sons", "Inc.", ",", "Hambrecht", "&", "Quist", "Inc.", "and", "Wessels", ",", "Arnold", "&", "Henderson", ".", "SynOptics", "Communications", "Inc.", ",", "proposed", "public", "offering", "of", "1.5", "million", "common", "shares", ",", "of", "which", "1,003,884", "shares", "are", "to", "be", "sold", "by", "the", "company", "and", "496,116", "shares", "are", "to", "be", "sold", "by", "holders", ",", "via", "Morgan", "Stanley", "&", "Co.", "and", "Hambrecht", "&", "Quist", "." ]
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[ "det", "amod", "nsubj:pass", "aux:pass", "advmod", "root", "case", "det", "compound", "cc", "conj", "obl", "punct", "compound", "root", "punct", "compound", "appos", "case", "nmod", "compound", "nummod", "case", "compound", "nmod", "punct", "compound", "compound", "compound", "root", "punct", "compound", "appos", "case", "nmod", "compound", "nummod", "case", "compound", "nmod", "punct", "case", "compound", "compound", "nmod", "cc", "conj", "punct", "conj", "cc", "conj", "punct", "compound", "compound", "root", "punct", "amod", "appos", "case", "nummod", "amod", "nmod", "punct", "case", "obl", "nummod", "amod", "nsubj:pass", "aux", "aux:pass", "acl:relcl", "case", "det", "obl", "cc", "compound", "nummod", "conj", "case", "orphan", "punct", "case", "amod", "compound", "nmod", "cc", "compound", "compound", "compound", "compound", "conj", "punct", "compound", "compound", "compound", "root", "punct", "det", "advmod", "amod", "appos", "case", "compound", "nmod", "punct", "amod", "amod", "dep", "case", "compound", "nummod", "amod", "nmod", "punct", "case", "obl", "nummod", "nsubj:pass", "aux", "aux:pass", "acl:relcl", "case", "compound", "compound", "obl", "cc", "nummod", "nsubj:pass", "aux", "aux:pass", "conj", "case", "obl", "punct", "case", "compound", "compound", "punct", "conj", "nmod", "cc", "conj", "punct", "compound", "compound", "root", "punct", "amod", "amod", "appos", "case", "compound", "nummod", "amod", "nmod", "punct", "case", "obl", "nsubj:pass", "aux", "aux:pass", "acl:relcl", "case", "det", "obl", "cc", "nsubj:pass", "aux", "aux:pass", "conj", "case", "obl", "punct", "case", "compound", "punct", "nmod", "cc", "compound", "conj", "punct", "compound", "cc", "conj", "conj", "cc", "conj", "punct", "conj", "cc", "conj", "punct", "compound", "compound", "root", "punct", "amod", "amod", "appos", "case", "compound", "nummod", "amod", "nmod", "punct", "case", "obl", "nummod", "nsubj", "acl:relcl", "mark", "aux:pass", "xcomp", "case", "det", "obl", "cc", "nummod", "nsubj", "conj", "mark", "aux:pass", "xcomp", "case", "obl", "punct", "case", "compound", "nmod", "cc", "conj", "cc", "conj", "cc", "conj", "punct" ]
[ "It", "was", "the", "kind", "of", "snubbing", "rarely", "seen", "within", "the", "Congress", ",", "let", "alone", "within", "the", "same", "party", ".", "Sen.", "Alan", "Cranston", "trekked", "over", "to", "the", "House", "side", "of", "Capitol", "Hill", "a", "few", "days", "ago", "and", "volunteered", "his", "testimony", "to", "fellow", "Democrat", "Rep.", "Henry", "Gonzalez", ".", "It", "was", "offered", "as", "an", "expression", "of", "cooperation", "to", "Mr.", "Gonzalez", ",", "who", "is", "investigating", "the", "$", "2.5", "billion", "failure", "of", "Lincoln", "Savings", "&", "Loan", "Association", ".", "But", "instead", "of", "thanks", ",", "Sen.", "Cranston", "was", "treated", "with", "cool", "formality", ".", "``", "Every", "witness", "receives", "a", "formal", "subpoena", ",", "''", "Rep.", "Gonzalez", "told", "him", ".", "Seldom", "have", "House", "hearings", "caused", "so", "much", "apprehension", "in", "the", "Senate", ",", "where", "California", "Sen.", "Cranston", "and", "four", "other", "senators", "were", "already", "writhing", "in", "the", "glare", "of", "unfavorable", "publicity", "over", "the", "alleged", "looting", "of", "Lincoln", "by", "their", "friend", "and", "political", "benefactor", ",", "Charles", "Keating", "Jr.", ",", "principal", "stockholder", "of", "Lincoln", "'s", "parent", "company", ",", "American", "Continental", "Corp.", "of", "Phoenix", ",", "Ariz", ".", "At", "the", "first", "day", "of", "the", "House", "Banking", "Committee", "'s", "hearings", "last", "week", ",", "William", "Seidman", ",", "chairman", "of", "the", "Resolution", "Trust", "Corp.", ",", "the", "federal", "agency", "created", "to", "sell", "sick", "thrifts", ",", "said", "the", "agency", "is", "investigating", "whether", "Lincoln", "made", "illegal", "political", "contributions", ".", "Mr.", "Keating", "arranged", "nearly", "$", "1", "million", "in", "donations", "to", "Sen.", "Cranston", "and", "his", "various", "political", "causes", ",", "and", "hundreds", "of", "thousands", "more", "to", "other", "lawmakers", ".", "Future", "witnesses", "include", "a", "former", "federal", "S&L", "regulator", "who", "has", "accused", "the", "five", "senators", "of", "attempting", "to", "``", "subvert", "''", "the", "regulatory", "process", "by", "intervening", "on", "behalf", "of", "Mr.", "Keating", ".", "Unlike", "many", "lawmakers", ",", "Chairman", "Gonzalez", "says", "he", "considers", "intervening", "with", "regulators", "to", "be", "improper", ".", "``", "When", "you", "reach", "a", "point", "where", "a", "policy-making", "body", "is", "trying", "to", "shape", "administrative", "decisions", ",", "then", "that", "'s", "a", "no-no", "in", "my", "book", ",", "''", "the", "Texas", "lawmaker", "says", ".", "And", "he", "has", "attached", "himself", "to", "the", "Lincoln", "story", "tenaciously", ".", "``", "Unless", "the", "questions", "are", "answered", ",", "I", "will", "keep", "on", "going", ".", "''", "Lawmakers", "often", "are", "reluctant", "to", "embarrass", "colleagues", ",", "even", "those", "of", "opposing", "political", "parties", ".", "In", "the", "recent", "Housing", "and", "Urban", "Development", "Department", "scandal", ",", "for", "example", ",", "Rep.", "Thomas", "Lantos", ",", "the", "California", "Democrat", "who", "led", "the", "hearings", ",", "tiptoed", "through", "embarrassing", "disclosures", "about", "HUD", "grants", "secured", "by", "Sen.", "Alfonse", "D'Amato", ",", "a", "New", "York", "Republican", ".", "But", "Chairman", "Gonzalez", "is", "a", "genuine", "maverick", ".", "He", "comes", "from", "the", "same", "political", "line", "as", "Wright", "Patman", ",", "a", "bank-baiting", "Texas", "populist", "who", "chaired", "the", "Banking", "Committee", "until", "1974", ".", "Mr.", "Gonzalez", "is", "also", "a", "stickler", "for", "ethical", "standards", "who", "refuses", "to", "accept", "honorariums", "and", "who", "believes", "in", "conducting", "official", "business", "in", "the", "open", ".", "Early", "in", "his", "political", "career", ",", "as", "a", "city", "councilman", "in", "San", "Antonio", ",", "he", "walked", "out", "of", "a", "meeting", "when", "political", "supporters", "asked", "that", "the", "police", "chief", "be", "replaced", ",", "denouncing", "the", "closed-door", "affair", "publicly", "as", "a", "``", "bat-roost", "meeting", ".", "''", "The", "immediate", "target", "of", "Rep.", "Gonzalez", "'s", "inquiry", "is", "Danny", "Wall", ",", "chairman", "of", "the", "Office", "of", "Thrift", "Supervision", ".", "As", "the", "principal", "regulator", "of", "the", "thrift", "industry", ",", "Mr.", "Wall", "delayed", "seizing", "Lincoln", "S&L", "for", "more", "than", "two", "years", "after", "his", "staff", "told", "him", "that", "the", "California", "thrift", "was", "insolvent", "and", "that", "potential", "losses", "to", "taxpayers", "were", "growing", "rapidly", ".", "Rep.", "Gonzalez", "seems", "primed", "to", "lash", "out", "at", "Mr.", "Wall", "when", "hearings", "resume", "Thursday", "with", "testimony", "by", "two", "federal", "regulators", "from", "San", "Francisco", ",", "William", "Black", "and", "Mike", "Patriarca", ".", "Mr.", "Wall", "relieved", "them", "of", "responsibility", "for", "supervising", "Lincoln", "in", "1988", ".", "Mr.", "Gonzalez", "expressed", "concern", "over", "a", "report", "that", "the", "two", "had", "been", "summoned", "to", "Washington", "by", "Mr.", "Wall", "last", "week", "to", "discuss", "their", "testimony", "in", "advance", ".", "``", "I", "think", "he", "is", "trying", "to", "improperly", "influence", "a", "witness", ",", "and", "by", "God", "I", "'m", "not", "going", "to", "tolerate", "it", ",", "''", "he", "says", ".", "Mr.", "Wall", ",", "however", ",", "is", "a", "self-proclaimed", "``", "child", "of", "the", "Senate", "''", "and", "former", "staff", "director", "of", "its", "Banking", "Committee", ".", "An", "inquiry", "into", "his", "handling", "of", "Lincoln", "S&L", "inevitably", "will", "drag", "in", "Sen.", "Cranston", "and", "the", "four", "others", ",", "Sens.", "Dennis", "DeConcini", "(", "D.", ",", "Ariz.", ")", ",", "John", "McCain", "(", "R.", ",", "Ariz.", ")", ",", "John", "Glenn", "(", "D.", ",", "Ohio", ")", "and", "Donald", "Riegle", "(", "D.", ",", "Mich", ".", ")", ".", "They", "all", "attended", "a", "meeting", "in", "April", "1987", "questioning", "why", "a", "federal", "audit", "of", "Lincoln", "S&L", "had", "dragged", "on", "for", "two", "years", ".", "``", "I", "'m", "certain", "that", "in", "the", "course", "of", "the", "hearings", "the", "names", "-LCB-", "of", "the", "senators", "-RCB-", "will", "be", "brought", "out", ",", "''", "Mr.", "Gonzalez", "says", ".", "This", "is", "raising", "eyebrows", ".", "``", "When", "I", "first", "got", "a", "glimpse", "at", "the", "witness", "list", ",", "I", "could", "n't", "believe", "that", "they", "were", "going", "to", "go", "ahead", "and", "do", "this", ",", "''", "says", "Michael", "Waldman", ",", "director", "of", "Congress", "Watch", ",", "a", "consumer", "group", ".", "``", "There", "are", "some", "witnesses", "who", "will", "be", "forced", "to", "testify", "about", "their", "meetings", "with", "senators", ".", "''", "And", "a", "Democratic", "aide", "to", "a", "Banking", "Committee", "member", "remarks", ",", "``", "I", "too", "am", "astounded", "by", "it", ",", "because", "Gonzalez", "has", "certainly", "placed", "a", "lot", "of", "Democratic", "senators", "in", "a", "very", "bad", "position", ".", "''", "All", "the", "senators", "say", "they", "merely", "were", "trying", "to", "ensure", "fairness", "for", "a", "constituent", ".", "Mr.", "Keating", "lives", "in", "Phoenix", ",", "and", "the", "California", "thrift", "'s", "parent", "is", "an", "Ohio-chartered", "corporation", "with", "holdings", "in", "Michigan", ".", "Chairman", "Gonzalez", "expresses", "sympathy", "for", "Sen.", "Riegle", ",", "his", "counterpart", "as", "chairman", "of", "the", "Senate", "Banking", "Committee", ".", "``", "He", "'s", "wise", ",", "he", "'s", "good", "and", "I", "know", "he", "'s", "an", "honest", "man", ",", "''", "the", "Texan", "says", ".", "But", "at", "the", "same", "time", ",", "Mr.", "Gonzalez", "has", "n't", "forgotten", "a", "confrontation", "over", "Mr.", "Wall", "during", "House-Senate", "negotiations", "over", "S&L", "bailout", "legislation", "during", "the", "summer", ".", "The", "Senate", "negotiators", "included", "Sens.", "Cranston", "and", "Riegle", "and", "Mr.", "Wall", "'s", "principal", "sponsor", ",", "Republican", "Sen.", "Jake", "Garn", "of", "Utah", ".", "They", "were", "willing", "to", "trade", "important", "provisions", "in", "the", "bailout", "legislation", "to", "preserve", "Mr.", "Wall", "'s", "job", "and", "to", "avoid", "a", "reconfirmation", "hearing", "in", "which", "he", "would", "be", "called", "upon", "to", "testify", "about", "Lincoln", "S&L", ".", "Most", "importantly", ",", "the", "Senate", "traded", "away", "the", "Bush", "administration", "'s", "controversial", "plan", "to", "finance", "the", "bailout", ",", "which", "was", "partly", "reinstated", "later", ".", "At", "the", "time", ",", "Mr.", "Gonzalez", "said", "several", "senators", "told", "him", "that", "they", "``", "could", "get", "some", "roadblocks", "out", "of", "the", "way", "if", "there", "could", "be", "some", "understanding", "on", "Garn", "'s", "insistence", "on", "Wall", ".", "''", "Now", "Mr.", "Gonzalez", "is", "holding", "the", "equivalent", "of", "reconfirmation", "hearings", "anyway", ",", "under", "the", "guise", "of", "the", "Lincoln", "investigation", ".", "``", "In", "a", "way", ",", "that", "'s", "what", "this", "is", ",", "''", "Mr.", "Gonzalez", "concedes", ".", "Even", "some", "House", "Banking", "Committee", "members", "could", "suffer", "from", "the", "fallout", ".", "Mr.", "Keating", "raised", "$", "20,000", "for", "Rep.", "Doug", "Barnard", "'s", "1986", "re-election", "campaign", "while", "the", "Georgia", "Democrat", "was", "taking", "his", "side", "against", "regulators", "who", "wanted", "to", "curb", "risky", "investments", "and", "wholesale", "deposit", "brokering", ".", "He", "recently", "voted", "``", "present", "''", "when", "the", "committee", "authorized", "a", "subpoena", "to", "compel", "Mr.", "Keating", "to", "testify", ",", "then", "changed", "his", "vote", "to", "yes", ".", "But", "the", "chairman", "'s", "supporters", "have", "the", "upper", "hand", "as", "federal", "regulators", "press", "a", "$", "1.1", "billion", "fraud", "suit", "against", "Mr.", "Keating", "and", "others", ".", "Rep.", "Jim", "Leach", "(", "R.", ",", "Iowa", ")", "says", "the", "Lincoln", "S&L", "affair", "is", "``", "the", "biggest", "bank", "heist", "in", "history", ",", "''", "and", "adds", ":", "``", "The", "great", "question", "that", "remains", "to", "be", "resolved", "is", "whether", "we", "have", "a", "congressional", "Watergate", "in", "the", "making", ".", "''", "A", "witness", "set", "to", "testify", 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"det", "compound", "compound", "compound", "nsubj", "aux", "root", "case", "det", "obl", "punct", "compound", "nsubj", "root", "obj", "nummod", "case", "compound", "compound", "nmod:poss", "case", "nummod", "compound", "obl", "mark", "det", "compound", "nsubj", "aux", "advcl", "nmod:poss", "obj", "case", "obl", "nsubj", "acl:relcl", "mark", "xcomp", "amod", "obj", "cc", "amod", "compound", "conj", "punct", "nsubj", "advmod", "root", "punct", "advmod", "punct", "advmod", "det", "nsubj", "advcl", "det", "obj", "mark", "acl", "compound", "obj", "mark", "xcomp", "punct", "advmod", "dep", "nmod:poss", "obj", "case", "obl", "punct", "cc", "det", "nmod:poss", "case", "nsubj", "root", "det", "amod", "obj", "mark", "amod", "nsubj", "advcl", "det", "amod", "compound", "nummod", "compound", "obj", "case", "compound", "nmod", "cc", "conj", "punct", "compound", "compound", "nsubj", "punct", "dep", "punct", "appos", "punct", "root", "det", "compound", "compound", "nsubj", "cop", "punct", "det", "amod", "compound", "ccomp", "case", "nmod", "punct", "punct", "cc", "conj", "punct", "punct", "det", "amod", "nsubj", "nsubj", "acl:relcl", "mark", "aux:pass", "xcomp", "ccomp", "mark", "nsubj", "ccomp", "det", "amod", "obj", "case", "det", "obl", "punct", "punct", "det", "nsubj:pass", "acl", "mark", "xcomp", "case", "obl", "aux:pass", "root", "case", "det", "compound", "obl", "case", "det", "obl", "mark", "advcl", "nsubj", "punct", "ccomp", "punct", "compound", "obj", "advmod", "punct", "cc", "det", "nsubj", "punct", "compound", "appos", "punct", "nmod:poss", "case", "amod", "compound", "compound", "appos", "punct", "root", "xcomp", "obj", "punct", "punct", "nsubj", "aux", "advmod", "ccomp", "mark", "nsubj:pass", "aux:pass", "ccomp", "advmod", "cc", "advmod", "punct", "mark", "nsubj", "cop", "advmod", "det", "advcl", "punct", "punct", "nsubj", "root", "case", "det", "compound", "obl", "obl:tmod", "punct", "cc", "nsubj", "root", "nsubj:pass", "aux:pass", "ccomp", "mark", "xcomp", "mark", "nsubj", "case", "nmod", "cc", "nmod:poss", "compound", "conj", "ccomp", "advmod", "amod", "obj", "cc", "amod", "conj", "acl", "obj", "mark", "advcl", "amod", "obj", "punct", "det", "nsubj", "advmod", "aux", "root", "compound", "nmod:poss", "case", "obj", "punct", "compound", "appos", "punct", "nsubj", "aux", "root", "det", "nummod", "nmod:poss", "case", "obj", "case", "punct", "advcl", "case", "det", "obl", "mark", "acl", "det", "punct", "amod", "obj", "punct", "punct", "cc", "nsubj:pass", "aux:pass", "advmod", "conj", "mark", "xcomp", "compound:prt", "advmod", "mark", "det", "nummod", "nsubj", "aux", "advcl", "nmod:poss", "obj", "case", "det", "nummod", "nmod", "punct", "dep", "det", "nsubj", "aux", "root", "obj", "punct", "compound", "nsubj", "punct", "mark", "nsubj", "dep", "case", "det", "obl", "amod", "obl:tmod", "case", "det", "amod", "obl", "mark", "acl", "compound", "obj", "case", "compound", "nmod", "punct", "root", "case", "det", "obl", "punct", "punct", "discourse", "punct", "dep", "case", "obl", "punct" ]
[ "Robert", "M.", "Jelenic", ",", "39", ",", "was", "named", "president", "and", "chief", "operating", "officer", "of", "this", "closely", "held", "publisher", ".", "The", "post", "had", "been", "vacant", "for", "more", "than", "a", "year", ".", "Mr.", "Jelenic", "had", "been", "executive", "vice", "president", "for", "operations", ".", "In", "addition", ",", "Ralph", "Ingersoll", "II", ",", "43", ",", "chairman", "and", "chief", "executive", ",", "said", "he", "would", "take", "on", "additional", "responsibilities", "as", "editor", "in", "chief", "of", "the", "company", ".", "John", "Wilpers", "resigned", "as", "editor", "in", "chief", ".", "Mr.", "Ingersoll", "remains", "editor", "in", "chief", "of", "the", "company", "'s", "recently", "launched", "daily", ",", "the", "St.", "Louis", "Sun", ".", "Also", ",", "Jean", "B.", "Clifton", ",", "28", ",", "was", "named", "executive", "vice", "president", ",", "treasurer", "and", "chief", "financial", "officer", ".", "Michael", "Applebaum", "resigned", "after", "less", "than", "a", "year", "in", "the", "posts", ".", "Ms.", "Clifton", "had", "been", "executive", "financial", "assistant", "to", "the", "chairman", "." ]
[ 3, 3, 8, 3, 3, 3, 8, 0, 8, 13, 13, 13, 9, 18, 18, 17, 18, 9, 8, 2, 5, 5, 5, 0, 10, 9, 7, 10, 5, 5, 2, 7, 7, 7, 7, 7, 0, 9, 7, 7, 2, 15, 15, 6, 6, 15, 6, 6, 6, 6, 13, 13, 10, 6, 0, 18, 18, 15, 18, 21, 18, 23, 18, 25, 23, 28, 28, 23, 15, 2, 3, 0, 5, 3, 7, 5, 3, 2, 3, 0, 3, 6, 4, 9, 9, 4, 9, 12, 9, 9, 9, 18, 18, 18, 9, 3, 10, 10, 5, 5, 10, 5, 5, 5, 10, 0, 13, 13, 10, 13, 13, 19, 19, 19, 13, 10, 2, 3, 0, 8, 7, 5, 8, 3, 11, 11, 8, 3, 2, 7, 7, 7, 7, 7, 0, 10, 10, 7, 7 ]
[ "compound", "compound", "nsubj:pass", "punct", "amod", "punct", "aux:pass", "root", "xcomp", "cc", "compound", "amod", "conj", "case", "det", "advmod", "amod", "nmod", "punct", "det", "nsubj", "aux", "cop", "root", "case", "advmod", "fixed", "nummod", "obl", "punct", "compound", "nsubj", "aux", "cop", "amod", "compound", "root", "case", "nmod", "punct", "case", "obl", "punct", "compound", "compound", "nsubj", "punct", "amod", "punct", "appos", "cc", "compound", "conj", "punct", "root", "nsubj", "aux", "ccomp", "compound:prt", "amod", "obj", "case", "obl", "case", "nmod", "case", "det", "nmod", "punct", "compound", "nsubj", "root", "case", "obl", "case", "nmod", "punct", "compound", "nsubj", "root", "xcomp", "case", "nmod", "case", "det", "nmod", "case", "advmod", "amod", "advmod", "punct", "det", "compound", "compound", "appos", "punct", "advmod", "punct", "compound", "compound", "nsubj:pass", "punct", "amod", "punct", "aux:pass", "root", "amod", "compound", "xcomp", "punct", "conj", "cc", "compound", "amod", "conj", "punct", "compound", "nsubj", "root", "case", "advmod", "fixed", "nummod", "obl", "case", "det", "nmod", "punct", "compound", "nsubj", "aux", "cop", "amod", "amod", "root", "case", "det", "nmod", "punct" ]
[ "Joseph", "L.", "Dionne", ",", "chairman", "and", "chief", "executive", "officer", "of", "McGraw-Hill", "Inc.", ",", "was", "elected", "to", "the", "board", "of", "directors", "of", "this", "electronics", "manufacturer", ".", "He", "succeeds", "the", "retiring", "James", "W.", "Wilcock", "." ]
[ 3, 3, 15, 3, 3, 9, 9, 9, 5, 12, 12, 5, 3, 15, 0, 18, 18, 15, 20, 18, 24, 24, 24, 20, 15, 2, 0, 7, 7, 7, 7, 2, 2 ]
[ "compound", "compound", "nsubj:pass", "punct", "appos", "cc", "compound", "amod", "conj", "case", "compound", "nmod", "punct", "aux:pass", "root", "case", "det", "obl", "case", "nmod", "case", "det", "compound", "nmod", "punct", "nsubj", "root", "det", "amod", "compound", "compound", "obj", "punct" ]
[ "Britain", "'s", "Serious", "Fraud", "Office", "said", "it", "will", "investigate", "the", "circumstances", "surrounding", "alleged", "phantom", "contracts", "at", "Ferranti", "International", "Signal", "PLC", "'s", "International", "Signal", "&", "Control", "unit", ".", "The", "investigation", ",", "which", "will", "be", "coordinated", "with", "one", "already", "under", "way", "in", "the", "U.S.", ",", "follows", "the", "discovery", "of", "what", "Ferranti", "has", "called", "a", "``", "serious", "''", "fraud", "involving", "its", "U.S.", "subsidiary", ".", "International", "Signal", "&", "Control", ",", "Lancaster", ",", "Pa.", ",", "a", "defense-equipment", "manufacturer", ",", "was", "bought", "by", "Ferranti", "in", "1987", "for", "#", "420", "million", "(", "$", "670.3", "million", ")", ".", "Ferranti", "has", "said", "that", "it", "would", "be", "forced", "to", "write", "off", "#", "185", "million", "against", "the", "phantom", "contracts", ",", "reducing", "its", "net", "asset", "value", "by", "more", "than", "half", ".", "The", "Serious", "Fraud", "Office", ",", "a", "division", "of", "London", "'s", "Metropolitan", "Police", "responsible", "for", "investigating", "financial", "crimes", ",", "said", "its", "work", "would", "take", "in", "``", "allegations", "of", "fraud", "prior", "to", ",", "surrounding", "and", "subsequent", "to", "the", "merger", ".", "''", "Ferranti", "said", "that", "it", "welcomes", "the", "investigation", "and", "that", "it", "will", "``", "cooperate", "fully", ".", "''", "Derek", "Alun-Jones", ",", "Ferranti", "'s", "chairman", ",", "has", "said", "he", "hoped", "to", "pursue", "legal", "action", "against", "those", "responsible", ".", "The", "British", "defense", "electronics", "group", "has", "said", "it", "will", "sell", "#", "100", "million", "in", "assets", "and", "may", "seek", "a", "merger", "to", "strengthen", "itself", "in", "the", "wake", "of", "its", "troubles", "." ]
[ 5, 1, 5, 5, 6, 0, 9, 9, 6, 11, 9, 11, 15, 15, 12, 23, 20, 20, 20, 23, 20, 23, 15, 26, 26, 23, 6, 2, 17, 2, 7, 7, 7, 2, 9, 7, 12, 12, 9, 15, 15, 12, 2, 0, 19, 17, 24, 29, 24, 24, 19, 29, 29, 29, 29, 24, 29, 33, 33, 30, 17, 2, 15, 4, 2, 2, 2, 6, 6, 2, 12, 12, 2, 2, 15, 0, 17, 15, 19, 15, 23, 23, 23, 15, 25, 23, 27, 25, 25, 15, 3, 3, 0, 8, 8, 8, 8, 3, 10, 8, 10, 14, 14, 10, 18, 18, 18, 10, 10, 10, 24, 24, 24, 20, 28, 28, 26, 20, 3, 4, 4, 4, 19, 4, 7, 4, 12, 12, 9, 12, 7, 7, 15, 13, 17, 15, 4, 0, 21, 23, 23, 19, 23, 23, 23, 28, 26, 28, 29, 29, 29, 34, 29, 34, 37, 29, 19, 19, 2, 0, 5, 5, 2, 7, 5, 13, 13, 13, 13, 13, 5, 13, 2, 2, 2, 9, 2, 6, 4, 2, 2, 9, 0, 11, 9, 13, 11, 15, 13, 17, 15, 17, 9, 5, 5, 5, 5, 7, 7, 0, 10, 10, 7, 13, 13, 10, 15, 13, 18, 18, 10, 20, 18, 22, 18, 22, 26, 26, 22, 29, 29, 26, 7 ]
[ "nmod:poss", "case", "compound", "compound", "nsubj", "root", "nsubj", "aux", "ccomp", "det", "obj", "acl", "amod", "amod", "obj", "case", "compound", "compound", "compound", "nmod:poss", "case", "compound", "nmod", "cc", "compound", "conj", "punct", "det", "nsubj", "punct", "nsubj:pass", "aux", "aux:pass", "acl:relcl", "case", "obl", "advmod", "case", "nmod", "case", "det", "nmod", "punct", "root", "det", "obj", "mark", "obj", "nsubj", "aux", "acl", "det", "punct", "amod", "punct", "xcomp", "acl", "nmod:poss", "compound", "obj", "punct", "compound", "nsubj:pass", "cc", "conj", "punct", "appos", "punct", "appos", "punct", "det", "amod", "dep", "punct", "aux:pass", "root", "case", "obl", "case", "obl", "case", "compound", "compound", "obl", "punct", "dep", "compound", "nummod", "punct", "punct", "nsubj", "aux", "root", "mark", "nsubj:pass", "aux", "aux:pass", "ccomp", "mark", "xcomp", "compound:prt", "compound", "compound", "obj", "case", "det", "amod", "obl", "punct", "advcl", "nmod:poss", "amod", "compound", "obj", "case", "advmod", "fixed", "obl", "punct", "det", "compound", "compound", "nsubj", "punct", "det", "appos", "case", "nmod:poss", "case", "compound", "nmod", "amod", "mark", "advcl", "amod", "obj", "punct", "root", "nmod:poss", "nsubj", "aux", "ccomp", "compound:prt", "punct", "obj", "case", "nmod", "advmod", "dep", "punct", "conj", "cc", "conj", "obl", "det", "obl:npmod", "punct", "punct", "nsubj", "root", "mark", "nsubj", "ccomp", "det", "obj", "cc", "mark", "nsubj", "aux", "punct", "conj", "advmod", "punct", "punct", "compound", "nsubj", "punct", "nmod:poss", "case", "appos", "punct", "aux", "root", "nsubj", "ccomp", "mark", "xcomp", "amod", "obj", "case", "nmod", "amod", "punct", "det", "amod", "compound", "compound", "nsubj", "aux", "root", "nsubj", "aux", "ccomp", "compound", "compound", "obj", "case", "nmod", "cc", "aux", "conj", "det", "obj", "mark", "advcl", "obj", "case", "det", "obl", "case", "nmod:poss", "nmod", "punct" ]
[ "The", "White", "House", "called", "on", "Congress", "to", "attach", "the", "proposed", "capital-gains", "tax", "cut", "to", "its", "final", "deficit-reduction", "bill", ",", "but", "lawmakers", "seem", "likely", "to", "balk", "at", "the", "idea", ".", "Earlier", "this", "month", ",", "the", "White", "House", "endorsed", "stripping", "the", "controversial", "tax", "measure", "from", "the", "bill", "so", "that", "Congress", "could", "pass", "quickly", "a", "``", "clean", "''", "bill", "containing", "only", "provisions", "specifically", "designed", "to", "meet", "federal", "budget", "targets", "under", "the", "Gramm-Rudman", "act", ".", "But", "now", "that", "Congress", "has", "missed", "the", "legal", "deadline", "for", "meeting", "the", "Gramm-Rudman", "targets", ",", "the", "White", "House", "said", "it", "has", "returned", "to", "its", "original", "view", "that", "a", "capital-gains", "cut", "should", "be", "part", "of", "the", "deficit-reduction", "bill", ",", "on", "which", "Congress", "continues", "to", "work", ".", "``", "If", "that", "does", "n't", "happen", ",", "then", "we", "press", "forward", "on", "another", "vehicle", "and", "a", "separate", "vote", ",", "''", "said", "press", "secretary", "Marlin", "Fitzwater", ".", "On", "Capitol", "Hill", ",", "though", ",", "there", "does", "n't", "seem", "to", "be", "sufficient", "sentiment", "to", "pair", "capital", "gains", "and", "the", "deficit-reduction", "bill", ".", "Texas", "Rep.", "William", "Archer", ",", "the", "ranking", "Republican", "on", "the", "House", "Ways", "and", "Means", "Committee", "said", ",", "``", "I", "do", "n't", "see", "how", "we", "have", "the", "votes", "''", "to", "place", "a", "capital-gains", "tax", "cut", "there", ".", "Meanwhile", ",", "President", "Bush", "stepped", "up", "his", "personal", "lobbying", "for", "the", "capital-gains", "tax", "cut", ".", "The", "White", "House", "said", "he", "plans", "to", "hold", "a", "series", "of", "private", "White", "House", "meetings", ",", "mostly", "with", "Senate", "Democrats", ",", "to", "try", "to", "persuade", "lawmakers", "to", "fall", "in", "line", "behind", "the", "tax", "cut", ".", "The", "first", "meeting", "yesterday", "was", "with", "10", "Senate", "Democrats", "who", "have", "expressed", "an", "interest", "in", "cutting", "the", "tax", ".", "According", "to", "some", "who", "attended", ",", "the", "senators", "argued", "that", "the", "president", "should", "give", "the", "Democratic", "leaders", "in", "Congress", "a", "victory", "of", "their", "own", "to", "compensate", "them", "for", "allowing", "the", "president", "to", "win", "on", "the", "controversial", "capital-gains", "issue", ".", "Issues", "discussed", "in", "this", "context", "were", "an", "increase", "in", "the", "minimum", "wage", "and", "an", "increase", "in", "child-care", "spending", ".", "The", "president", "was", "said", "to", "have", "been", "noncommittal", "." ]
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"and", "the", "occasional", "Catholic", "(", "real", "oddballs", "like", "her", "sexpot", "friend", ",", "the", "hell-kitten", "Diana", ",", "age", "five", ")", ".", "Ms.", "Cunningham", ",", "a", "novelist", "and", "playwright", ",", "has", "a", "vivid", "and", "dramatically", "outsized", "sense", "of", "recall", ".", "She", "transforms", "her", "``", "Bronx", "of", "the", "emotions", ",", "a", "place", "where", "the", "flats", "of", "mediocrity", "are", "only", "relieved", "by", "steep", "descents", "into", "hysteria", "''", "into", "the", "``", "Babylonian", "Bronx", ",", "''", "a", "world", "simmering", "with", "sex", "and", "death", "and", "intrigue", ".", "In", "the", "Babylonian", "Bronx", ",", "Jewish", "working-class", "people", "lived", "in", "drab", ",", "Soviet-style", "buildings", "``", "glamorized", "''", "with", "names", "like", "AnaMor", "Towers", "(", "after", "owners", "Anna", "and", "Morris", "Snezak", ")", ",", "whose", "lobbies", "and", "hallways", "were", "decorated", "with", "murals", "of", "ancient", "Syrians", "and", "Greeks", ",", "friezes", "of", "Pompeii", ".", "For", "Ms.", "Cunningham", "the", "architectural", "discombobulation", "matched", "the", "discrepancy", "she", "felt", "living", "in", "the", "AnaMor", "Towers", "as", "a", "little", "girl", ":", "``", "...", "outwardly", "ordinary", ",", "inwardly", "ornate", ",", "owing", "all", "inspiration", "to", "heathen", "cultures", ".", "''", "Sharp-witted", "and", "funny", "but", "never", "mean", ",", "she", "'s", "a", "memorialist", "a", "bit", "like", "Truman", "Capote", ",", "if", "he", "'d", "been", "Jewish", "and", "female", "and", "less", "bitchy", ".", "Little", "Lily", ",", "as", "Ms.", "Cunningham", "calls", "herself", "in", "the", "book", ",", "really", "was", "n't", "ordinary", ".", "She", "was", "raised", ",", "for", "the", "first", "eight", "years", ",", "by", "her", "mother", ",", "Rosie", ",", "whom", "she", "remembers", "as", "a", "loving", "liar", ",", "who", 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[ "ALBERTA", "ENERGY", "Co.", ",", "Calgary", ",", "said", "it", "filed", "a", "preliminary", "prospectus", "for", "an", "offering", "of", "common", "shares", ".", "The", "natural", "resources", "development", "concern", "said", "proceeds", "will", "be", "used", "to", "repay", "long-term", "debt", ",", "which", "stood", "at", "598", "million", "Canadian", "dollars", "(", "US$", "510.6", "million", ")", "at", "the", "end", "of", "1988", ".", "The", "company", "plans", "to", "raise", "between", "C$", "75", "million", "and", "C$", "100", "million", "from", "the", "offering", ",", "according", "to", "a", "spokeswoman", "at", "Richardson", "Greenshields", "of", "Canada", "Ltd.", ",", "lead", "underwriter", ".", "The", "shares", "will", "be", "priced", "in", "early", "November", ",", "she", "said", "." ]
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[ "compound", "compound", "nsubj", "punct", "appos", "punct", "root", "nsubj", "ccomp", "det", "amod", "obj", "case", "det", "nmod", "case", "amod", "nmod", "punct", "det", "amod", "compound", "compound", "nsubj", "root", "nsubj:pass", "aux", "aux:pass", "ccomp", "mark", "xcomp", "amod", "obj", "punct", "nsubj", "acl:relcl", "case", "compound", "nummod", "amod", "obl", "punct", "dep", "compound", "nummod", "punct", "case", "det", "obl", "case", "nmod", "punct", "det", "nsubj", "root", "mark", "xcomp", "advmod", "obj", "compound", "nummod", "cc", "conj", "compound", "nummod", "case", "det", "obl", "punct", "case", "fixed", "det", "obl", "case", "compound", "nmod", "case", "compound", "nmod", "punct", "amod", "appos", "punct", "det", "nsubj:pass", "aux", "aux:pass", "ccomp", "case", "amod", "obl", "punct", "nsubj", "root", "punct" ]
[ "A", "merchant", "bank", "and", "investment", "fund", "have", "agreed", "to", "co-sponsor", "a", "reorganization", "plan", "to", "bring", "Sharon", "Steel", "Corp.", "out", "of", "Chapter", "11", "proceedings", "and", "to", "acquire", "the", "company", "'s", "steel-related", "assets", "in", "a", "transaction", "valued", "at", "more", "than", "$", "300", "million", ".", "Castle", "Harlan", "Inc.", ",", "a", "New", "York", "merchant", "bank", ",", "and", "Quantum", "Fund", "said", "they", "would", "acquire", "the", "assets", "for", "a", "combination", "of", "cash", "and", "the", "assumption", "of", "certain", "of", "Sharon", "'s", "liabilities", ".", "The", "balance", "of", "the", "company", "'s", "assets", "and", "liabilities", "would", "be", "transferred", "to", "a", "new", "company", "that", "would", "be", "owned", "by", "Sharon", "'s", "creditors", ".", "Quantum", "said", "it", "has", "agreed", "to", "purchase", "as", "much", "as", "$", "50", "million", "in", "equity", "in", "the", "new", "company", ",", "if", "necessary", ",", "for", "the", "confirmation", "of", "the", "plan", ".", "Castle", "Harlan", "and", "Quantum", "said", "the", "plan", "is", "expected", "to", "be", "filed", "within", "60", "days", "with", "the", "U.S.", "Bankruptcy", "Court", "in", "Pittsburgh", ".", "The", "agreement", "is", "subject", "to", "certain", "conditions", ",", "including", "obtaining", "financing", ".", "Castle", "Harlan", "said", "that", "such", "financing", "is", "already", "being", "sought", "and", "that", "a", "formal", "proposal", "would", "be", "made", "to", "Sharon", "'s", "Chapter", "11", "trustee", "and", "other", "Sharon", "creditors", "over", "the", "next", "few", "days", ".", "Sharon", ",", "based", "in", "Farrell", ",", "Pa.", ",", "filed", "for", "protection", "from", "creditors", "under", "the", "federal", "Bankruptcy", "Code", "in", "April", "1987", ".", "The", "company", "had", "been", "one", "of", "the", "maninstays", "of", "Miami", "Beach", "financier", "Victor", "Posner", "'s", "empire", ".", "Mr.", "Posner", "resigned", "as", "president", "and", "chief", "executive", "officer", "of", "Sharon", "in", "April", "1988", ".", "He", "remains", "chairman", ",", "but", "wields", "little", "power", "at", "the", "company", ".", "Quantum", "Fund", ",", "based", "in", "New", "York", ",", "is", "a", "$", "2.1", "billion", "investment", "fund", "managed", "by", "Soros", "Fund", "Management", ".", "Quantum", "is", "Sharon", "'s", "largest", "unsecured", "creditor", ".", "The", "Castle", "Harlan", "group", "includes", "Walter", "Sieckman", ",", "former", "chief", "operating", "officer", "of", "Sharon", ",", "and", "Wolfgang", "Jansen", ",", "former", "executive", "vice", "president", ".", "Executives", "at", "Sharon", "declined", "to", "comment", "on", "the", "proposal", ".", "The", "company", "'s", "trustee", ",", "F.E.", "Agnew", ",", "was", "unavailable", "for", "comment", "." ]
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[ "Olin", "Corp.", "said", "third-quarter", "net", "income", "rose", "26", "%", "on", "the", "strength", "of", "its", "chemical", "business", ".", "Net", "was", "$", "24", "million", ",", "or", "$", "1.15", "a", "share", ",", "up", "from", "$", "19", "million", ",", "or", "90", "cents", "a", "share", ",", "a", "year", "earlier", ".", "Sales", "rose", "7.4", "%", "to", "$", "580", "million", "from", "$", "540", "million", ".", "Olin", "said", "its", "chemical", "segment", "had", "profit", "of", "$", "22", "million", ",", "up", "from", "$", "15", "million", "a", "year", "ago", ",", "largely", "because", "of", "gains", "in", "electrochemicals", "such", "as", "caustic", "soda", ".", "The", "company", "said", "the", "gains", "were", "tied", "to", "volume", "increases", "and", "higher", "prices", ".", "The", "market", "for", "electrochemicals", "include", "the", "paper", ",", "water-purification", "and", "textile", "industries", ".", "The", "chemical", "segment", "had", "a", "$", "6", "million", "gain", "on", "the", "sale", "of", "ammonia", "and", "urea", "businesses", ",", "which", "was", "offset", "by", "a", "$", "6", "million", "charge", "for", "future", "environmental", "expenditures", ".", "Profit", "in", "Olin", "'s", "defense", "and", "ammunition", "segment", "rose", "to", "$", "8", "million", "from", "$", "7", "million", ".", "The", "metals", "segment", ",", "hurt", "by", "a", "strike", ",", "had", "break-even", "results", ",", "against", "$", "3", "million", "a", "year", "ago", ".", "In", "the", "first", "nine", "months", ",", "net", "rose", "21", "%", "to", "$", "93", "million", ",", "or", "$", "4.52", "a", "share", ",", "from", "$", "77", "million", ",", "or", "$", "3.62", "a", "share", "a", "year", "ago", ".", "Sales", "rose", "13", "%", "to", "$", "1.91", "billion", "from", "$", "1.69", "billion", ".", "In", "New", "York", "Stock", "Exchange", "composite", "trading", ",", "Olin", "closed", "at", "$", "58.50", "a", "share", ",", "down", "25", "cents", "." ]
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[ "compound", "nsubj", "root", "amod", "amod", "nsubj", "ccomp", "nummod", "obj", "case", "det", "obl", "case", "nmod:poss", "compound", "nmod", "punct", "nsubj", "cop", "root", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "advmod", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "det", "obl:npmod", "advmod", "punct", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "punct", "nsubj", "root", "nmod:poss", "compound", "nsubj", "ccomp", "obj", "case", "nmod", "compound", "nummod", "punct", "advmod", "case", "obl", "compound", "nummod", "det", "obl:npmod", "advmod", "punct", "advmod", "case", "fixed", "obl", "case", "nmod", "case", "fixed", "amod", "nmod", "punct", "det", "nsubj", "root", "det", "nsubj:pass", "aux:pass", "ccomp", "case", "compound", "obl", "cc", "amod", "conj", "punct", "det", "nsubj", "case", "nmod", "root", "det", "compound", "punct", "compound", "cc", "conj", "obj", "punct", "det", "compound", "nsubj", "root", "det", "amod", "compound", "nummod", "obj", "case", "det", "nmod", "case", "compound", "cc", "conj", "nmod", "punct", "nsubj:pass", "aux:pass", "acl:relcl", "case", "det", "amod", "compound", "nummod", "obl", "case", "amod", "amod", "nmod", "punct", "nsubj", "case", "nmod:poss", "case", "nmod", "cc", "compound", "conj", "root", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "punct", "det", "compound", "nsubj", "punct", "acl", "case", "det", "obl", "punct", "root", "amod", "obj", "punct", "case", "obl", "compound", "nummod", "det", "obl:npmod", "advmod", "punct", "case", "det", "amod", "nummod", "obl", "punct", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "case", "obl", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "det", "obl:npmod", "advmod", "punct", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "punct", "case", "compound", "compound", "compound", "compound", "amod", "obl", "punct", "nsubj", "root", "case", "obl", "nummod", "det", "obl:npmod", "punct", "advmod", "nummod", "obl:npmod", "punct" ]
[ "Environmental", "Control", "Group", "Inc.", "said", "it", "expects", "to", "report", "``", "minimal", "''", "earnings", "or", "a", "loss", "for", "the", "third", "quarter", ".", "The", "environmental", "services", "company", "said", "that", "the", "discontinuation", "of", "unsuccessful", "product", "lines", "and", "an", "increase", "in", "baddebt", "reserves", "probably", "will", "result", "in", "charges", "of", "$", "2.5", "million", "to", "$", "4", "million", ",", "most", "of", "which", "will", "be", "taken", "against", "third-quarter", "results", ".", "In", "the", "year-ago", "quarter", ",", "the", "company", "reported", "earnings", "of", "$", "2.2", "million", ",", "or", "35", "cents", "a", "share", "." ]
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[ "compound", "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "mark", "xcomp", "punct", "amod", "punct", "obj", "cc", "det", "conj", "case", "det", "amod", "nmod", "punct", "det", "amod", "compound", "nsubj", "root", "mark", "det", "nsubj", "case", "amod", "compound", "nmod", "cc", "det", "conj", "case", "amod", "nmod", "advmod", "aux", "ccomp", "case", "obl", "case", "dep", "compound", "compound", "dep", "nmod", "compound", "nummod", "punct", "nsubj:pass", "case", "nmod", "aux", "aux:pass", "acl:relcl", "case", "amod", "obl", "punct", "case", "det", "amod", "obl", "punct", "det", "nsubj", "root", "obj", "case", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct" ]
[ "Dale", "Lang", ",", "who", "this", "week", "completed", "the", "acquisition", "of", "the", "publisher", "of", "Ms.", "and", "Sassy", ",", "is", "candid", "about", "the", "challenge", "he", "is", "taking", "on", ".", "Mr.", "Lang", "admits", "that", "Ms.", "is", "``", "in", "dire", "straits", "''", "and", "that", "Sassy", "needs", "big", "promotional", "dollars", "to", "keep", "it", "alive", ".", "But", "the", "57-year-old", "publisher", "has", "moved", "quickly", "and", "boldly", "to", "deal", "with", "the", "magazines", "'", "problems", ".", "Last", "Friday", ",", "he", "told", "the", "staff", "of", "Ms.", "that", "the", "magazine", "in", "January", "would", "begin", "publishing", "without", "advertising", ".", "Mr.", "Lang", "will", "do", "away", "with", "expensive", "circulation", "drives", ",", "not", "to", "mention", "sales", "staff", ",", "and", "attempt", "to", "publish", "the", "17-year-old", "magazine", "supported", "by", "circulation", "revenue", "alone", ".", "``", "Any", "fool", "can", "publish", "a", "money-losing", "magazine", ".", "I", "want", "to", "publish", "one", "that", "succeeds", ",", "''", "said", "Mr.", "Lang", ".", "``", "For", "Ms.", ",", "it", "'s", "time", "to", "publish", "for", "the", "reader", ",", "not", "the", "advertiser", ".", "''", "As", "for", "Sassy", ",", "which", "competes", "directly", "with", "News", "Corp.", "'s", "Seventeen", "magazine", ",", "Mr.", "Lang", "says", "that", "in", "the", "next", "two", "years", "he", "will", "spend", "$", "6", "million", "promoting", "and", "improving", "the", "magazine", ".", "Though", "Sassy", "has", "grown", "quickly", "since", "its", "debut", "in", "March", "1988", ",", "it", "has", "been", "the", "target", "of", "conservative", "lobbyists", "and", "skittish", "advertisers", "who", "bristled", "at", "its", "frank", "editorial", "matter", "on", "teen-age", "problems", ".", "Mr.", "Lang", "said", "the", "former", "Australian", "owners", "of", "Sassy", "were", "``", "blind-sided", "by", "the", "Moral", "Majority", "...", ".", "Their", "reaction", "was", "to", "do", "nothing", "and", "ride", "it", "out", ".", "''", "He", "said", "Sassy", "will", "keep", "its", "irreverent", "tone", ",", "but", "added", ",", "``", "We", "will", "keep", "a", "close", "watch", "on", "the", "editorial", "content", "of", "the", "magazine", ".", "''", "Sassy", "already", "has", "recovered", ";", "circulation", "has", "quickly", "passed", "the", "500,000", "mark", "and", "advertising", "pages", "have", "stabilized", "this", "year", "at", "more", "than", "300", ".", "What", "'s", "more", ",", "Mr.", "Lang", "says", "he", "has", "what", "all", "publishers", "wish", "for", ":", "a", "bona", "fide", "niche", ".", "``", "Seventeen", "is", "written", "more", "for", "mothers", ",", "not", "their", "daughters", ",", "''", "said", "Mr.", "Lang", ".", "``", "But", "Sassy", "has", "a", "different", "spirit", ".", "It", "gets", "more", "mail", "in", "a", "month", "than", "McCall", "'s", "got", "in", "a", "year", ",", "and", "it", "'s", "not", "from", "mothers", ".", "I", "feel", "about", "Sassy", "like", "I", "did", "about", "Working", "Woman", "10", "years", "ago", ".", "''", "Mr.", "Lang", "took", "on", "Ms.", "and", "Sassy", "with", "the", "acquisition", "of", "Matilda", "Publications", "Inc.", "by", "his", "newly", "formed", "Lang", "Communications", ".", "Lang", "owns", "70", "%", "of", "Matilda", ",", "while", "Citicorp", "owns", "the", "rest", "through", "its", "Citicorp", "Venture", "Capital", "Partners", ".", "Two", "weeks", "ago", ",", "Citicorp", "and", "Mr.", "Lang", "pumped", "$", "800,000", "into", "Matilda", "just", "to", "keep", "the", "doors", "open", ".", "Industry", "observers", "have", "congratulated", "Mr.", "Lang", "on", "what", "some", "call", "his", "``", "courageous", "''", "handling", "of", "Ms.", ",", "but", "his", "track", "record", "in", "magazine", "publishing", "in", "general", "has", "gotten", "mixed", "reviews", ".", "Besides", "Ms.", "and", "Sassy", ",", "closely", "held", "Lang", "Communications", "includes", "Success", ",", "a", "magazine", "for", "entrepreneurs", "and", "small", "businesses", ",", "and", "Working", "Woman", "and", "Working", "Mother", ",", "two", "monthly", "magazines", ".", "Working", "Woman", ",", "with", "circulation", "near", "one", "million", ",", "and", "Working", "Mother", ",", "with", "625,000", "circulation", ",", "are", "legitimate", "magazine", "success", "stories", ".", "The", "magazine", "Success", ",", "however", ",", "was", "for", "years", "lackluster", "and", "unfocused", ".", "Only", "recently", "has", "it", "been", "attractively", "redesigned", "and", "its", "editorial", "product", "improved", ".", "Success", "is", "expected", "to", "gain", "at", "least", "because", "of", "the", "recent", "folding", "of", "rival", "Venture", ",", "another", "magazine", "for", "growing", "companies", ".", "Working", "Woman", "and", "Working", "Mother", "have", "operated", "as", "part", "of", "Working", "Woman/McCall", "'s", "Group", ",", "a", "less-than-successful", "joint", "venture", "between", "Mr.", "Lang", "and", "Time", "Warner", "Inc", ".", "The", "joint", "venture", "is", "being", "undone", ",", "with", "McCall", "'s", "magazine", "being", "sold", "last", "summer", "to", "the", "New", "York", "Times", "Co.", "'s", "Magazine", "Group", "for", "about", "$", "80", "million", ",", "and", "Time", "Warner", "agreeing", "to", "sell", "back", "its", "50", "%", "interest", "in", "Working", "Woman", "and", "Working", "Mother", "to", "Mr.", "Lang", ".", "Executives", "at", "Time", "Inc", ".", "Magazine", "Co.", ",", "a", "subsidiary", "of", "Time", "Warner", ",", "have", "said", "the", "joint", "venture", "with", "Mr.", "Lang", "was", "n't", "a", "good", "one", ".", "The", "venture", ",", "formed", "in", "1986", ",", "was", "supposed", "to", "be", "Time", "'s", "low-cost", ",", "safe", "entry", "into", "women", "'s", "magazines", ".", "Mr.", "Lang", "surprised", "Time", "soon", "after", "joining", "forces", "when", "he", "said", "he", "would", "negotiate", "rates", "individually", "with", "advertisers", ",", "a", "practice", "common", "in", "broadcasting", "but", "considered", "taboo", "by", "magazine", "publishers", ".", "In", "addition", ",", "McCall", "'s", "put", "in", "a", "less", "than", "stellar", "performance", ".", "Until", "a", "recent", "comeback", ",", "it", "saw", "steep", "losses", "in", "ad", "pages", "and", "circulation", ".", "Time", "executives", "complained", "about", "the", "shoddy", "editorial", "quality", ",", "and", "in", "the", "end", ",", "one", "Time", "executive", "who", "asked", "not", "to", "be", "identified", "said", ",", "``", "Frankly", ",", "McCall", "'s", "and", "the", "joint", "venture", "were", "an", "embarrassment", ".", "''", "Mr.", "Lang", "feels", "that", "Time", "'s", "priorities", "changed", ".", "``", "Their", "management", "changed", "right", "after", "-LCB-", "the", "venture", "was", "formed", "-RCB-", ",", "and", "I", "do", "n't", "think", "they", "were", "comfortable", "getting", "into", "the", "competitive", "wars", "of", "women", "'s", "service", "magazines", ".", "''", "Today", ",", "Mr.", "Lang", "believes", "his", "magazines", "will", "offer", "what", "many", "women", "'s", "magazines", "do", "n't", ".", "``", "We", "write", "straight", "for", "women", "on", "their", "level", ",", "''", "he", "said", ".", "``", "We", "do", "n't", "have", "passive", "readers", ".", "''", "Mr.", "Lang", "points", "out", "that", "even", "Success", ",", "in", "part", ",", "fits", "the", "company", "'s", "image", ",", "since", "about", "30", "%", "of", "its", "readership", "is", "female", ".", "Mr.", "Lang", "has", "named", "Carol", "Taber", ",", "43", ",", "as", "group", "publisher", "of", "New", "York-based", "Lang", "Communications", ".", "She", "will", "oversee", "Working", "Woman", ",", "Working", "Mother", "and", "Success", "magazines", ",", "and", "retain", "her", "post", "as", "publisher", "of", "Working", "Woman", ".", "The", "sale", "price", "of", "McCall", "'s", "--", "twice", "what", "Mr.", "Lang", "originally", "paid", "for", "it", "--", "will", "finance", "Lang", "Communications", "'", "buy-back", "of", "Time", "Warner", "'s", "50", "%", "interest", "in", "Working", "Woman", "and", "Working", "Mother", ".", "Mr.", "Lang", "says", "he", "is", "n't", "scouting", "new", "acquisitions", ",", "at", "least", "for", "now", ".", "``", "We", "would", "have", "to", "go", "outside", "to", "banks", "to", "get", "the", "money", "and", "I", "am", "not", "ready", "to", "do", "that", ",", "''", "he", "said", ".", "``", "Besides", ",", "we", "have", "enough", "on", "our", "plate", ".", "There", "is", "plenty", "of", "work", "to", "be", "done", "on", "what", "we", "have", "." ]
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[ "Coca-Cola", "Co.", "may", "be", "about", "to", "intensify", "the", "cola", "wars", ".", "Coke", "said", "it", "will", "test", "market", "a", "caffeine-free", "version", "of", "its", "flagship", "brand", ",", "Coca-Cola", "Classic", ",", "beginning", "next", "week", "in", "Charlotte", ",", "N.C", ".", "Other", ",", "as", "yet", "unnamed", ",", "cities", "will", "follow", ".", "If", "all", "goes", "well", ",", "the", "product", "will", "be", "rolled", "out", "for", "national", "sales", "sometime", "next", "year", ",", "a", "Coke", "spokesman", "said", ".", "After", "the", "confusion", "surrounding", "the", "change", "of", "the", "Coke", "formula", "in", "1985", ",", "Coca-Cola", "was", "reluctant", "to", "clutter", "the", "Classic", "name", "with", "a", "brand", "extension", ".", "But", "now", ",", "the", "soft-drink", "giant", "appears", "willing", "to", "take", "the", "risk", ".", "``", "The", "name", "Classic", "Coke", "has", "tremendous", "value", ",", "and", "they", "have", "n't", "merchandised", "that", "name", "before", ",", "''", "says", "Jesse", "Meyers", ",", "publisher", "of", "the", "trade", "journal", "Beverage", "Digest", ".", "The", "Coke", "spokesman", "said", "a", "caffeine-free", "Classic", "should", "help", "increase", "volume", "of", "the", "original", "brand", ".", "Indeed", ",", "analysts", "have", "said", "that", "the", "absence", "of", "new", "products", ",", "among", "other", "factors", ",", "has", "limited", "sales", "growth", "throughout", "the", "industry", ".", "Coke", "now", "leads", "Pepsi", "in", "market", "share", "in", "caffeine-free", "diet", "colas", "but", "trails", "Pepsi", "in", "sales", "of", "caffeine-free", "sugared", "colas", ",", "according", "to", "Beverage", "Digest", ".", "Coke", "introduced", "a", "caffeine-free", "sugared", "cola", "based", "on", "its", "original", "formula", "in", "1983", ".", "It", "switched", "to", "a", "caffeine-free", "formula", "using", "its", "new", "Coke", "in", "1985", ".", "Coke", "has", "been", "studying", "the", "possibility", "of", "introducing", "a", "caffeine-free", "Classic", "for", "a", "year", ",", "a", "company", "spokesman", "said", ".", "He", "said", "large", "increases", "in", "sales", "of", "other", "non-caffeine", "soft", "drinks", "make", "the", "timing", "right", "now", "." ]
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[ "J.C.", "PENNEY", "Co.", ",", "Dallas", ",", "said", "it", "issued", "$", "350", "million", "of", "securities", "backed", "by", "credit-card", "receivables", ".", "The", "offering", "was", "priced", "with", "an", "8.95", "%", "coupon", "rate", "at", "99.1875", "%", "to", "yield", "9.19", "%", ".", "The", "retailer", "said", "the", "securities", "are", "expected", "to", "be", "rated", "triple-A", "by", "Standard", "&", "Poor", "'s", "Corp.", "and", "Aaa", "by", "Moody", "'s", "Investors", "Service", "Inc", ".", "They", "pay", "interest", "only", "for", "115", "months", ",", "with", "principal", "payments", "beginning", "thereafter", ".", "The", "expected", "average", "life", "of", "the", "certificates", "is", "10", "years", ",", "with", "the", "final", "scheduled", "payment", "in", "October", ",", "2001", ".", "First", "Boston", "Corp.", "is", "sole", "underwriter", ".", "As", "part", "of", "the", "transaction", ",", "J.C.", "Penney", "will", "sell", "a", "portion", "of", "its", "credit-card", "receivables", "to", "its", "JCP", "Receivables", "Inc.", "unit", ",", "which", "will", "then", "transfer", "them", "to", "a", "master", "trust", ".", "The", "trust", "will", "issue", "the", "certificates", ".", "Credit", "support", "will", "be", "provided", "by", "a", "letter", "of", "credit", "facility", "from", "Credit", "Suisse", "in", "favor", "of", "the", "trustee", ",", "Fuji", "Bank", "&", "Trust", "Co.", ",", "for", "the", "benefit", "of", "the", "certificate", "holders", ".", "J.C.", "Penney", "will", "continue", "to", "service", "the", "receivables", "." ]
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[ "Pinnacle", "West", "Capital", "Corp.", "said", "it", "suspended", "indefinitely", "its", "common", "stock", "dividend", "and", "reported", "a", "91", "%", "plunge", "in", "third-quarter", "net", "income", ".", "The", "announcement", ",", "made", "after", "the", "close", "of", "trading", ",", "caught", "analysts", "by", "surprise", ".", "The", "company", "closed", "at", "$", "12", "a", "share", ",", "down", "62.5", "cents", ",", "in", "composite", "trading", "on", "the", "New", "York", "Stock", "Exchange", ".", "Pinnacle", "West", "slashed", "its", "quarterly", "dividend", "to", "40", "cents", "per", "share", "from", "70", "cents", "in", "December", ",", "saying", "at", "the", "time", "that", "it", "believed", "the", "new", ",", "lower", "dividend", "was", "``", "sustainable", ".", "''", "A", "company", "spokesman", "said", "the", "decision", "to", "eliminate", "the", "dividend", "resulted", "from", "a", "quarterly", "appraisal", "and", "that", "circumstances", "had", "changed", "since", "the", "December", "announcement", ".", "He", "declined", "to", "elaborate", ".", "Edward", "J.", "Tirello", "Jr.", ",", "an", "analyst", "at", "Shearson", "Lehman", "Hutton", "Inc.", ",", "speculated", "that", "the", "sudden", "dividend", "elimination", "presages", "an", "expensive", "agreement", "with", "thrift", "regulators", "over", "the", "company", "'s", "insolvent", "MeraBank", "savings", "and", "loan", "unit", ".", "Analysts", "have", "estimated", "that", "Pinnacle", "West", "may", "have", "to", "inject", "between", "$", "300", "million", "and", "$", "400", "million", "into", "the", "MeraBank", "unit", "before", "turning", "the", "thrift", "over", "to", "federal", "regulators", ".", "The", "latest", "financial", "results", "at", "the", "troubled", "utility", "and", "thrift", "holding", "company", ",", "based", "in", "Phoenix", ",", "Ariz.", ",", "reflect", "continuing", "problems", "at", "MeraBank", "and", "losses", "in", "real-estate", ",", "venture-capital", "and", "uranium-mining", "operations", ".", "Third-quarter", "net", "income", "slid", "to", "$", "5.1", "million", ",", "or", "six", "cents", "a", "share", ",", "from", "$", "56", "million", ",", "or", "65", "cents", ",", "a", "year", "earlier", ".", "Utility", "operations", ",", "the", "only", "company", "unit", "operating", "in", "the", "black", "in", "the", "latest", "period", ",", "had", "a", "26", "%", "drop", "in", "profit", ",", "to", "$", "86.3", "million", ",", "largely", "as", "a", "result", "of", "outages", "at", "the", "company", "'s", "huge", "Palo", "Verde", "nuclear", "facility", "and", "the", "cost", "of", "purchased", "replacement", "power", ".", "In", "other", "operations", ",", "losses", "at", "MeraBank", "totaled", "$", "85.7", "million", "in", "the", "latest", "quarter", ",", "compared", "with", "a", "$", "2.5", "million", "profit", "a", "year", "earlier", ".", "The", "latest", "quarter", "includes", "a", "$", "42.7", "million", "addition", "to", "loan-loss", "reserves", ".", "As", "recently", "as", "August", ",", "the", "company", "said", "it", "did", "n't", "foresee", "a", "need", "for", "substantial", "additions", "to", "reserves", ".", "Pinnacle", "'s", "SunCor", "Development", "Co", ".", "real-estate", "unit", "'s", "loss", "narrowed", "to", "$", "13.8", "million", "from", "$", "78.4", "million", ".", "The", "latest", "period", "included", "a", "$", "9", "million", "write-down", "on", "undeveloped", "land", ",", "while", "the", "year-earlier", "period", "included", "a", "$", "46", "million", "reserve", "for", "real-estate", "losses", ".", "Losses", "at", "its", "Malapai", "Resources", "Co", ".", "uranium-mining", "unit", "narrowed", "to", "$", "3.4", "million", "from", "$", "18", "million", "a", "year", "ago", ",", "which", "included", "a", "$", "9", "million", "write-down", "of", "utility", "inventories", ".", "Losses", "at", "El", "Dorado", "Investment", "Co.", ",", "the", "venture-capital", "operation", ",", "widened", "to", "$", "6.8", "million", "from", "$", "425,000", "a", "year", "earlier", ".", "The", "latest", "quarter", "included", "a", "$", "6.6", "million", "write-down", "of", "investments", "." ]
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[ "compound", "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "advmod", "nmod:poss", "amod", "compound", "obj", "cc", "conj", "det", "compound", "amod", "obj", "case", "amod", "amod", "nmod", "punct", "det", "nsubj", "punct", "acl", "case", "det", "obl", "case", "nmod", "punct", "root", "obj", "advmod", "obl", "punct", "det", "nsubj", "root", "case", "obl", "nummod", "det", "obl:npmod", "punct", "advmod", "nummod", "obl:npmod", "punct", "case", "amod", "obl", "case", "det", "compound", "compound", "compound", "obl", "punct", "compound", "nsubj", "root", "nmod:poss", "amod", "obj", "case", "nummod", "obl", "case", "nmod", "case", "nummod", "obl", "case", "obl", "punct", "advcl", "case", "det", "obl", "mark", "nsubj", "ccomp", "det", "amod", "punct", "amod", "nsubj", "cop", "punct", "ccomp", "punct", "punct", "det", "compound", "nsubj", "root", "det", "nsubj", "mark", "acl", "det", "obj", "ccomp", "case", "det", "amod", "obl", "cc", "mark", "nsubj", "aux", "conj", "case", "det", "compound", "obl", "punct", "nsubj", "root", "mark", "xcomp", "punct", "compound", "compound", "compound", "nsubj", "punct", "det", "appos", "case", "compound", "compound", "compound", "nmod", "punct", "root", "mark", "det", "amod", "compound", "nsubj", "ccomp", "det", "amod", "obj", "case", "compound", "nmod", "case", "det", "nmod:poss", "case", "amod", "compound", "nmod", "cc", "compound", "conj", "punct", "nsubj", "aux", "root", "mark", "compound", "nsubj", "aux", "ccomp", "mark", "xcomp", "advmod", "obj", "compound", "nummod", "cc", "conj", "compound", "nummod", "case", "det", "compound", "obl", "mark", "advcl", "det", "obj", "compound:prt", "case", "amod", "obl", "punct", "det", "amod", "amod", "nsubj", "case", "det", "amod", "nmod", "cc", "compound", "amod", "conj", "punct", "acl", "case", "obl", "punct", "appos", "punct", "root", "amod", "obj", "case", "nmod", "cc", "conj", "case", "amod", "punct", "conj", "cc", "conj", "nmod", "punct", "amod", "amod", "nsubj", "root", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "punct", "det", "obl:npmod", "advmod", "punct", "compound", "nsubj", "punct", "det", "amod", "compound", "appos", "acl", "case", "det", "obl", "case", "det", "amod", "obl", "punct", "root", "det", "compound", "amod", "obj", "case", "nmod", "punct", "case", "nmod", "compound", "nummod", "punct", "advmod", "case", "det", "obl", "case", "nmod", "case", "det", "nmod:poss", "case", "amod", "compound", "compound", "amod", "nmod", "cc", "det", "conj", "case", "amod", "compound", "nmod", "punct", "case", "amod", "obl", "punct", "nsubj", "case", "nmod", "root", "obj", "compound", "nummod", "case", "det", "amod", "obl", "punct", "case", "case", "det", "amod", "compound", "nummod", "advcl", "det", "obl:npmod", "advmod", "punct", "det", "amod", "nsubj", "root", "det", "amod", "compound", "nummod", "obj", "case", "compound", "nmod", "punct", "advmod", "advmod", "case", "obl", "punct", "det", "nsubj", "root", "nsubj", "aux", "advmod", "ccomp", "det", "obj", "case", "amod", "nmod", "case", "nmod", "punct", "nmod:poss", "case", "compound", "compound", "compound", "punct", "compound", "nmod:poss", "case", "nsubj", "root", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "punct", "det", "amod", "nsubj", "root", "det", "amod", "compound", "nummod", "obj", "case", "amod", "nmod", "punct", "mark", "det", "amod", "nsubj", "advcl", "det", "amod", "compound", "nummod", "obj", "case", "compound", "nmod", "punct", "nsubj", "case", "nmod:poss", "compound", "compound", "compound", "punct", "compound", "nmod", "root", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "det", "obl:npmod", "advmod", "punct", "nsubj", "dep", "det", "amod", "compound", "nummod", "obj", "case", "compound", "nmod", "punct", "nsubj", "case", "compound", "compound", "compound", "nmod", "punct", "det", "compound", "appos", "punct", "root", "case", "obl", "compound", "nummod", "case", "obl", "nummod", "det", "obl:npmod", "advmod", "punct", "det", "amod", "nsubj", "root", "det", "amod", "compound", "nummod", "obj", "case", "nmod", "punct" ]
[ "A", "House-Senate", "conference", "approved", "a", "nearly", "$", "17", "billion", "State", ",", "Justice", "and", "Commerce", "Department", "bill", "that", "makes", "federal", "reparations", "for", "Japanese-Americans", "held", "in", "World", "War", "II", "internment", "camps", "a", "legal", "entitlement", "after", "next", "Oct.", "1", ".", "The", "measure", "provides", "no", "money", "for", "the", "promised", "payments", "until", "then", ",", "but", "beginning", "in", "fiscal", "1991", ",", "the", "government", "would", "be", "committed", "to", "meeting", "annual", "payments", "of", "as", "much", "as", "$", "500", "million", "until", "the", "total", "liability", "of", "approximately", "$", "1.25", "billion", "is", "paid", ".", "The", "action", "abandons", "earlier", "efforts", "to", "find", "offsetting", "cuts", "to", "fund", "the", "payments", ",", "but", "is", "widely", "seen", "as", "a", "more", "realistic", "means", "of", "expediting", "reparations", "first", "authorized", "in", "1988", ".", "The", "action", "came", "as", "Congress", "sent", "to", "President", "Bush", "a", "fiscal", "1990", "bill", "providing", "an", "estimated", "$", "156.7", "billion", "for", "the", "Departments", "of", "Labor", ",", "Education", ",", "Health", "and", "Human", "Services", ".", "Final", "approval", "was", "on", "a", "67-31", "roll", "call", "in", "the", "Senate", ",", "which", "sets", "the", "stage", "for", "a", "veto", "confrontation", "with", "Mr.", "Bush", "over", "the", "issue", "of", "publicly", "financed", "abortions", "for", "poor", "women", ".", "Reversing", "an", "eight-year", "federal", "policy", ",", "the", "measure", "supports", "Medicaid", "abortions", "in", "cases", "of", "rape", "and", "incest", ",", "but", "Mr.", "Bush", "has", "so", "far", "refused", "to", "support", "any", "specific", "exemption", "beyond", "instances", "in", "which", "the", "mother", "'s", "life", "is", "in", "danger", ".", "Mr.", "Bush", "'s", "veto", "power", "puts", "him", "a", "commanding", "position", "in", "the", "narrowly", "divided", "House", ",", "but", "a", "vote", "to", "override", "his", "position", "could", "well", "pick", "up", "new", "support", "because", "of", "the", "wealth", "of", "health", "and", "education", "programs", "financed", "in", "the", "underlying", "bill", ".", "The", "measure", "before", "the", "conference", "yesterday", "funds", "the", "Departments", "of", "State", ",", "Justice", "and", "Commerce", "through", "fiscal", "1990", ".", "An", "estimated", "$", "1.32", "billion", "is", "provided", "for", "next", "year", "'s", "census", ",", "and", "negotiators", "stripped", "a", "Senate-passed", "rider", "seeking", "to", "block", "the", "counting", "of", "illegal", "aliens", ".", "Elsewhere", "in", "the", "Commerce", "Department", ",", "nearly", "$", "191.2", "million", "is", "preserved", "for", "assistance", "programs", "under", "the", "Economic", "Development", "Administration", ".", "And", "in", "a", "footnote", "to", "the", "fall", "of", "House", "Speaker", "James", "Wright", "this", "year", ",", "the", "conference", "voted", "to", "rescind", "$", "11.8", "million", "in", "unspent", "EDA", "funds", "for", "a", "Fort", "Worth", ",", "Texas", ",", "stockyards", "project", "that", "figured", "in", "ethics", "charges", "against", "the", "former", "Democratic", "leader", ".", "Fiscal", "pressures", "also", "forced", "the", "adoption", "of", "new", "fees", "charged", "by", "federal", "agencies", ",", "and", "an", "18", "%", "increase", "in", "the", "Securities", "and", "Exchange", "Commission", "'s", "budget", "would", "be", "financed", "entirely", "by", "an", "added", "$", "26", "million", "in", "filing", "fees", ".", "In", "an", "unprecedented", "step", ",", "the", "measure", "anticipates", "another", "$", "30", "million", "in", "receipts", "by", "having", "the", "Federal", "Bureau", "of", "Investigation", "charge", "for", "fingerprint", "services", "in", "civil", "cases", "--", "a", "change", "that", "is", "almost", "certain", "to", "increase", "Pentagon", "costs", "in", "processing", "personnel", "and", "security", "clearances", ".", "The", "bill", "does", "n't", "include", "an", "estimated", "$", "1.9", "billion", "in", "supplemental", "anti-drug", "funds", "for", "Justice", "Department", "and", "law-enforcement", "accounts", "that", "are", "still", "in", "conference", "with", "the", "House", ".", "But", "yesterday", "'s", "agreement", "would", "make", "it", "easier", "for", "state", "governments", "to", "handle", "the", "promised", "aid", "by", "deferring", "for", "one", "year", "a", "scheduled", "50", "%", "increase", "in", "the", "required", "state", "matching", "funds", "for", "law-enforcement", "grants", ".", "Similarly", ",", "the", "measure", "adjusts", "the", "current", "funding", "formula", "to", "promise", "smaller", "states", "such", "as", "New", "Hampshire", "and", "Delaware", "a", "minimum", "allocation", "of", "$", "1.6", "million", "each", "in", "drug", "grants", ",", "or", "three", "times", "the", "current", "minimum", ".", "The", "odd", "mix", "of", "departments", "in", "the", "bill", "makes", "it", "one", "of", "the", "more", "eclectic", "of", "the", "annual", "appropriations", "measures", ",", "and", "the", "assorted", "provisions", "attached", "by", "lawmakers", "run", "from", "$", "1.5", "million", "for", "a", "fish", "farm", "in", "Arkansas", "to", "a", "music", "festival", "in", "Moscow", "under", "the", "United", "States", "Information", "Agency", ".", "Lawmakers", "scrapped", "all", "of", "a", "$", "7.4", "million", "State", "Department", "request", "for", "the", "1992", "Expo", "in", "Seville", ",", "Spain", ",", "but", "agreed", "elsewhere", "to", "$", "15,000", "for", "an", "oil", "portrait", "of", "former", "Chief", "Justice", "Warren", "Burger", ".", "Senate", "Commerce", "Committee", "Chairman", "Ernest", "Hollings", "(", "D.", ",", "S.C.", ")", ",", "who", "also", "chairs", "the", "Senate", "appropriations", "subcommittee", "for", "the", "department", ",", "attached", "$", "10", "million", "for", "an", "advanced", "technology", "initiative", ",", "including", "work", "on", "high-definition", "television", ".", "His", "Republican", "counterpart", ",", "Sen.", "Warren", "Rudman", "(", "R.", ",", "N.H.", ")", ",", "has", "used", "his", "position", "to", "wage", "a", "legislative", "war", "with", "the", "conservative", "board", "of", "the", "Legal", "Services", "Corp", ".", "An", "estimated", "$", "321", "million", "is", "provided", "to", "maintain", "the", "program", ",", "but", "Mr.", "Rudman", "also", "succeeded", "in", "attaching", "language", "seeking", "to", "curb", "the", "authority", "of", "the", "current", "board", "until", "new", "members", "are", "confirmed", ".", "The", "effective", "date", "of", "any", "new", "regulations", "by", "the", "current", "board", "would", "be", "delayed", "until", "Oct.", "1", "next", "year", ",", "and", "the", "bill", "seeks", "to", "reverse", "efforts", "by", "the", "corporation", "to", "cut", "off", "funds", "to", "service", "organizations", "such", "as", "the", "Food", "Research", "and", "Action", "Center", ".", "The", "bill", "also", "provides", "$", "620.5", "million", "to", "meet", "U.S.", "contributions", "to", "international", "organizations", "and", "$", "80", "million", "for", "peace-keeping", "activities", ".", "Both", "accounts", "reflect", "significant", "increases", "from", "fiscal", "1989", ",", "although", "the", "amount", "for", "peace-keeping", "shows", "a", "27", "%", "cut", "from", "the", "administration", "'s", "request", "." ]
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[ "CONTINENTAL", "MORTGAGE", "&", "EQUITY", "TRUST", "said", "it", "will", "resume", "dividend", "payments", "with", "a", "10-cent-a-share", "payout", "on", "Nov.", "6", "to", "shares", "of", "record", "Oct.", "25", ".", "The", "Dallas", "real", "estate", "investment", "trust", "last", "paid", "a", "dividend", "on", "Dec.", "31", ",", "1987", ",", "when", "shareholders", "received", "$", "1", "a", "share", ".", "Despite", "continuing", "troubles", "with", "problem", "assets", "and", "nonperforming", "loans", ",", "the", "trust", "said", "it", "expects", "to", "be", "able", "to", "maintain", "or", "increase", "the", "rate", "of", "distributions", "because", "of", "operations", "of", "joint-venture", "properties", "." ]
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[ "compound", "nsubj", "cc", "compound", "conj", "root", "nsubj", "aux", "ccomp", "compound", "obj", "case", "det", "amod", "obl", "case", "nmod", "nummod", "case", "nmod", "case", "nmod", "obl:tmod", "nummod", "punct", "det", "compound", "amod", "compound", "compound", "nsubj", "advmod", "root", "det", "obj", "case", "obl", "nummod", "punct", "amod", "punct", "advmod", "nsubj", "acl:relcl", "obj", "nummod", "det", "obl:npmod", "punct", "case", "amod", "obl", "case", "compound", "nmod", "cc", "amod", "conj", "punct", "det", "nsubj", "root", "nsubj", "ccomp", "mark", "cop", "xcomp", "mark", "xcomp", "cc", "conj", "det", "obj", "case", "nmod", "case", "fixed", "obl", "case", "compound", "nmod", "punct" ]
[ "Cetus", "Corp.", "said", "the", "government", "of", "Spain", "approved", "the", "marketing", "of", "its", "Proleukin", "interleukin-2", "drug", "to", "treat", "kidney", "cancer", ".", "The", "biotechnology", "concern", "said", "Spanish", "authorities", "must", "still", "clear", "the", "price", "for", "the", "treatment", ",", "but", "that", "it", "expects", "to", "receive", "such", "approval", "by", "year", "end", ".", "Four", "other", "countries", "in", "Europe", "have", "approved", "Proleukin", "in", "recent", "months", ".", "Cetus", "is", "currently", "trying", "to", "obtain", "federal", "regulatory", "clearance", "for", "U.S.", "distribution", "." ]
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[ "compound", "nsubj", "root", "det", "nsubj", "case", "nmod", "ccomp", "det", "obj", "case", "nmod:poss", "compound", "compound", "nmod", "mark", "acl", "compound", "obj", "punct", "det", "compound", "nsubj", "root", "amod", "nsubj", "aux", "advmod", "ccomp", "det", "obj", "case", "det", "nmod", "punct", "cc", "mark", "nsubj", "conj", "mark", "xcomp", "amod", "obj", "case", "compound", "obl", "punct", "nummod", "amod", "nsubj", "case", "nmod", "aux", "root", "obj", "case", "amod", "obl", "punct", "nsubj", "aux", "advmod", "root", "mark", "xcomp", "amod", "amod", "obj", "case", "compound", "nmod", "punct" ]
[ "Delmed", "Inc.", "'s", "top", "two", "officers", "resigned", "and", "were", "succeeded", "by", "executives", "of", "Fresenius", "USA", "Inc.", "and", "its", "parent", ",", "Fresenius", "AG", ",", "a", "major", "Delmed", "holder", "that", "has", "been", "negotiating", "to", "acquire", "a", "controlling", "stake", ".", "In", "addition", ",", "Delmed", ",", "which", "makes", "and", "sells", "a", "dialysis", "solution", "used", "in", "treating", "kidney", "diseases", ",", "said", "negotiations", "about", "pricing", "had", "collapsed", "between", "it", "and", "a", "major", "distributor", ",", "National", "Medical", "Care", "Inc", ".", "Delmed", "said", "Robert", "S.", "Ehrlich", "resigned", "as", "chairman", ",", "president", "and", "chief", "executive", ".", "Mr.", "Ehrlich", "will", "continue", "as", "a", "director", "and", "a", "consultant", ".", "Leslie", "I.", "Shapiro", ",", "chief", "operating", "officer", "and", "chief", "financial", "officer", ",", "also", "resigned", ",", "the", "company", "said", ".", "Mr.", "Ehrlich", "was", "succeeded", "as", "chairman", "by", "Gerd", "Krick", ",", "a", "director", "of", "Fresenius", ",", "a", "West", "German", "pharmaceutical", "concern", ".", "Ben", "Lipps", ",", "president", "of", "Fresenius", "USA", ",", "was", "named", "president", ",", "chief", "executive", "and", "chief", "operating", "officer", ".", "None", "of", "the", "officials", "was", "available", "for", "comment", ".", "In", "trading", "on", "the", "American", "Stock", "Exchange", ",", "Delmed", "closed", "at", "50", "cents", ",", "down", "6.25", "cents", ".", "Fresenius", "owns", "about", "42", "%", "of", "Delmed", "'s", "fully", "diluted", "common", "stock", ".", "The", "two", "companies", "have", "been", "discussing", "a", "transaction", "under", "which", "Fresenius", "would", "buy", "Delmed", "stock", "for", "cash", "to", "bring", "its", "beneficial", "ownership", "to", "between", "70", "%", "and", "80", "%", "of", "Delmed", "'s", "fully", "diluted", "common", "stock", ".", "The", "transaction", "also", "would", "combine", "Fresenius", "USA", "and", "Delmed", ".", "Under", "the", "proposal", ",", "Delmed", "would", "issue", "about", "123.5", "million", "additional", "Delmed", "common", "shares", "to", "Fresenius", "at", "an", "average", "price", "of", "about", "65", "cents", "a", "share", ",", "though", "under", "no", "circumstances", "more", "than", "75", "cents", "a", "share", ".", "Yesterday", ",", "Delmed", "said", "it", "``", "continues", "to", "explore", "the", "possibility", "of", "a", "combination", "with", "Fresenius", "USA", ".", "''", "It", "added", "that", "it", "is", "apparent", "that", "any", "terms", "of", "a", "combination", "``", "would", "be", "substantially", "less", "favorable", "than", "those", "previously", "announced", ".", "''", "While", "the", "discussions", "between", "Delmed", "and", "National", "Medical", "Care", "have", "been", "discontinued", ",", "Delmed", "will", "continue", "to", "supply", "dialysis", "products", "through", "National", "Medical", "after", "their", "exclusive", "agreement", "ends", "in", "March", "1990", ",", "Delmed", "said", ".", "In", "addition", ",", "Delmed", "is", "exploring", "distribution", "arrangements", "with", "Fresenius", "USA", ",", "Delmed", "said", "." ]
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[ "compound", "nmod:poss", "case", "amod", "nummod", "nsubj", "root", "cc", "aux:pass", "conj", "case", "obl", "case", "compound", "compound", "nmod", "cc", "nmod:poss", "conj", "punct", "compound", "appos", "punct", "det", "amod", "compound", "appos", "nsubj", "aux", "aux", "acl:relcl", "mark", "xcomp", "det", "amod", "obj", "punct", "case", "obl", "punct", "nsubj", "punct", "nsubj", "acl:relcl", "cc", "conj", "det", "compound", "obj", "acl", "mark", "advcl", "compound", "obj", "punct", "root", "nsubj", "case", "nmod", "aux", "ccomp", "case", "obl", "cc", "det", "amod", "conj", "punct", "compound", "compound", "compound", "appos", "punct", "nsubj", "root", "compound", "compound", "nsubj", "ccomp", "case", "obl", "punct", "conj", "cc", "amod", "conj", "punct", "compound", "nsubj", "aux", "root", "case", "det", "obl", "cc", "det", "conj", "punct", "compound", "compound", "nsubj", "punct", "amod", "amod", "appos", "cc", "amod", "amod", "conj", "punct", "advmod", "advcl", "punct", "det", "nsubj", "root", "punct", "compound", "nsubj:pass", "aux:pass", "root", "case", "obl", "case", "compound", "obl", "punct", "det", "appos", "case", "nmod", "punct", "det", "amod", "amod", "amod", "appos", "punct", "compound", "nsubj:pass", "punct", "appos", "case", "compound", "nmod", "punct", "aux:pass", "root", "xcomp", "punct", "amod", "conj", "cc", "amod", "amod", "conj", "punct", "nsubj", "case", "det", "nmod", "cop", "root", "case", "obl", "punct", "case", "obl", "case", "det", "compound", "compound", "nmod", "punct", "nsubj", "root", "case", "nummod", "obl", "punct", "advmod", "nummod", "obl:npmod", "punct", "nsubj", "root", "advmod", "nummod", "obj", "case", "nmod:poss", "case", "advmod", "amod", "amod", "nmod", "punct", "det", "nummod", "nsubj", "aux", "aux", "root", "det", "obj", "case", "obl", "nsubj", "aux", "acl:relcl", "compound", "obj", "case", "obl", "mark", "advcl", "nmod:poss", "amod", "obj", "case", "amod", "nummod", "obl", "cc", "nummod", "conj", "case", "nmod:poss", "case", "advmod", "amod", "amod", "nmod", "punct", "det", "nsubj", "advmod", "aux", "root", "compound", "obj", "cc", "conj", "punct", "case", "det", "obl", "punct", "nsubj", "aux", "root", "advmod", "compound", "nummod", "amod", "compound", "amod", "obj", "case", "obl", "case", "det", "amod", "obl", "case", "advmod", "nummod", "nmod", "det", "obl:npmod", "punct", "mark", "case", "det", "obl", "advmod", "fixed", "nummod", "dep", "det", "obl:npmod", "punct", "obl:tmod", "punct", "nsubj", "root", "nsubj", "punct", "ccomp", "mark", "xcomp", "det", "obj", "case", "det", "nmod", "case", "compound", "nmod", "punct", "punct", "nsubj", "root", "mark", "nsubj", "cop", "ccomp", "mark", "det", "nsubj", "case", "det", "nmod", "punct", "aux", "cop", "advmod", "advmod", "ccomp", "case", "obl", "advmod", "acl", "punct", "punct", "mark", "det", "nsubj:pass", "case", "nmod", "cc", "compound", "compound", "conj", "aux", "aux:pass", "advcl", "punct", "nsubj", "aux", "ccomp", "mark", "xcomp", "compound", "obj", "case", "compound", "obl", "mark", "nmod:poss", "amod", "nsubj", "advcl", "case", "obl", "nummod", "punct", "nsubj", "root", "punct", "case", "obl", "punct", "nsubj", "aux", "ccomp", "compound", "obj", "case", "compound", "obl", "punct", "nsubj", "root", "punct" ]
[ "David", "D.", "Lung", "was", "appointed", "president", "and", "chief", "operating", "officer", "of", "this", "maker", "of", "building", "materials", "for", "manufactured", "homes", "and", "recreational", "vehicles", ".", "As", "president", ",", "Mr.", "Lung", ",", "42", "years", "old", ",", "succeeds", "his", "father", ",", "Mervin", "D.", "Lung", ",", "66", ",", "who", "founded", "the", "company", "in", "1959", ".", "Mervin", "Lung", "remains", "chairman", "and", "chief", "executive", "officer", ".", "David", "Lung", "has", "been", "with", "Patrick", "since", "1970", ",", "and", "has", "served", "as", "vice", "president", "for", "administration", "and", "purchasing", "since", "1987", "." ]
[ 3, 3, 5, 5, 0, 10, 8, 6, 10, 5, 13, 13, 10, 16, 16, 13, 19, 19, 16, 22, 22, 19, 5, 2, 11, 11, 5, 11, 5, 8, 9, 5, 5, 0, 13, 11, 13, 17, 17, 13, 13, 13, 13, 22, 13, 24, 22, 26, 22, 11, 2, 3, 0, 8, 6, 4, 8, 3, 3, 2, 6, 6, 6, 6, 0, 8, 6, 6, 12, 12, 6, 15, 15, 12, 17, 15, 19, 17, 21, 12, 6 ]
[ "compound", "compound", "nsubj:pass", "aux:pass", "root", "compound", "cc", "conj", "amod", "xcomp", "case", "det", "nmod", "case", "compound", "nmod", "case", "amod", "nmod", "cc", "amod", "conj", "punct", "case", "obl", "punct", "compound", "nsubj", "punct", "nummod", "obl:npmod", "amod", "punct", "root", "nmod:poss", "obj", "punct", "compound", "compound", "appos", "punct", "amod", "punct", "nsubj", "acl:relcl", "det", "obj", "case", "obl", "punct", "compound", "nsubj", "root", "compound", "cc", "conj", "compound", "xcomp", "punct", "compound", "nsubj", "aux", "cop", "case", "root", "case", "obl", "punct", "cc", "aux", "conj", "case", "compound", "obl", "case", "nmod", "cc", "conj", "case", "obl", "punct" ]
[ "Copper", "futures", "prices", "failed", "to", "extend", "Friday", "'s", "rally", ".", "Declines", "came", "because", "of", "concern", "that", "demand", "for", "copper", "may", "slow", "down", ".", "The", "December", "contract", "was", "down", "three", "cents", "a", "pound", ",", "settling", "at", "$", "1.1280", ",", "which", "was", "just", "above", "the", "day", "'s", "low", "of", "$", "1.1270", ".", "Futures", "prices", "fell", "during", "three", "of", "five", "sessions", "last", "week", ",", "and", "the", "losses", ",", "individually", "and", "cumulatively", ",", "were", "greater", "than", "the", "advances", ".", "Two", "of", "the", "major", "factors", "buoying", "prices", ",", "the", "prolonged", "strikes", "at", "the", "Highland", "Valley", "mine", "in", "Canada", "and", "the", "Cananea", "mine", "in", "Mexico", ",", "were", "finally", "resolved", ".", "Also", ",", "the", "premiums", "paid", "by", "the", "U.S.", "government", "on", "a", "purchase", "of", "copper", "for", "the", "U.S.", "Mint", "were", "lower", "than", "expected", ",", "and", "acted", "as", "a", "price", "depressant", ",", "analysts", "said", ".", "The", "mint", "purchases", "were", "at", "premiums", "about", "4", "1/2", "cents", "a", "pound", "above", "the", "respective", "prices", "for", "the", "copper", ".", "At", "the", "time", "merchants", "were", "asking", "for", "premiums", "of", "about", "five", "cents", "a", "pound", ".", "All", "this", "has", "led", "to", "prolonged", "selling", "in", "futures", ",", "mostly", "on", "the", "part", "of", "computer-guided", "funds", ".", "Prices", "fell", "through", "levels", "regarded", "as", "important", "support", "areas", ",", "which", "added", "to", "the", "selling", ".", "The", "reluctance", "of", "traders", "to", "buy", "contracts", "indicates", "that", "they", "have", "begun", "focusing", "on", "demand", "rather", "than", "supply", ".", "At", "least", "one", "analyst", "noted", "that", "as", "production", "improves", ",", "the", "concern", "among", "traders", "is", "whether", "the", "prospective", "increased", "supply", "will", "find", "buyers", "because", "of", "uncertainty", "over", "national", "economies", ".", "``", "Demand", "from", "Japan", "is", "expected", "to", "continue", "strong", ",", "but", "not", "from", "other", "areas", "of", "the", "world", "into", "the", "first", "quarter", "of", "next", "year", ",", "''", "he", "said", ".", "Japan", "normally", "depends", "heavily", "on", "the", "Highland", "Valley", "and", "Cananea", "mines", "as", "well", "as", "the", "Bougainville", "mine", "in", "Papua", "New", "Guinea", ".", "Recently", ",", "Japan", "has", "been", "buying", "copper", "elsewhere", ".", "But", "as", "Highland", "Valley", "and", "Cananea", "begin", "operating", ",", "they", "are", "expected", "to", "resume", "their", "roles", "as", "Japan", "'s", "suppliers", ".", "According", "to", "Fred", "Demler", ",", "metals", "economist", "for", "Drexel", "Burnham", "Lambert", ",", "New", "York", ",", "``", "Highland", "Valley", "has", "already", "started", "operating", "and", "Cananea", "is", "expected", "to", "do", "so", "soon", ".", "''", "The", "Bougainville", "mine", "is", "generally", "expected", "to", "remain", "closed", "until", "at", "least", "the", "end", "of", "the", "year", ".", "It", "has", "n't", "been", "operating", "since", "May", "15", "because", "of", "attacks", "by", "native", "landowners", ".", "A", "recent", "attempt", "to", "resume", "operations", "was", "cut", "short", "quickly", "by", "these", "attacks", ".", "However", ",", "traders", "disregarded", "a", "potential", "production", "disruption", "in", "Chile", "and", "a", "continued", "drop", "in", "inventories", ".", "Workers", "at", "two", "Chilean", "mines", ",", "Los", "Bronces", "and", "El", "Soldado", ",", "which", "belong", "to", "the", "Exxon-owned", "Minera", "Disputado", "group", ",", "will", "vote", "Thursday", "on", "whether", "to", "strike", "after", "a", "two-year", "labor", "pact", "ends", "today", ".", "The", "mines", "produced", "a", "total", "of", "110,000", "tons", "of", "copper", "in", "1988", ".", "According", "to", "Drexel", "'s", "Mr.", "Demler", ",", "the", "potential", "strike", "is", "expected", "to", "be", "resolved", "quickly", ",", "which", "may", "be", "one", "reason", "why", "the", "situation", "did", "n't", "affect", "prices", "much", ".", "Another", "analyst", "said", "that", ",", "if", "there", "was", "any", "concern", ",", "it", "was", "that", "a", "strike", "could", "encourage", "other", "walkouts", "in", "Chile", ".", "London", "Metal", "Exchange", "copper", "inventories", "fell", "550", "tons", "last", "week", "to", "83,950", "tons", ",", "a", "smaller-than-expected", "decline", ".", "But", "that", "development", "also", "had", "little", "effect", "on", "traders", "'", "sentiment", ".", "Mr.", "Demler", "said", "that", "stocks", "of", "copper", "in", "U.S.", "producers", "'", "hands", "at", "the", "end", "of", "September", "were", "down", "16,000", "metric", "tons", "from", "August", "to", "30,000", "tons", ".", "Outside", "the", "U.S.", ",", "he", "said", ",", "producer", "stocks", "at", "the", "end", "of", "August", "were", "273,000", "tons", ",", "down", "3,000", "tons", "from", "the", "end", "of", "July", ".", "Consumer", "stocks", "of", "copper", "in", "the", "U.S.", "fell", "to", "44,000", "tons", "at", "the", "end", "of", "September", "from", "54,000", "tons", "a", "month", "earlier", ",", "and", "stocks", "of", "copper", "held", "by", "consumers", "and", "merchants", "outside", "of", "the", "U.S.", "at", "the", "end", "of", "July", "stood", "at", "123,000", "tons", ",", "down", "from", "125,000", "tons", "in", "June", ".", "The", "high", "point", "of", "foreigners", "'", "copper", "stocks", "this", "year", "was", "136,000", "tons", "at", "the", "end", "of", "April", ",", "according", "to", "Mr.", "Demler", ".", "In", "other", "commodity", "markets", "yesterday", ":", "GRAINS", "AND", "SOYBEANS", ":", "The", "prices", "of", "most", "corn", ",", "soybean", "and", "wheat", "futures", "contracts", "dropped", "slightly", "as", "farmers", "in", "the", "Midwest", "continued", "to", "rebuild", "stockpiles", "that", "were", "depleted", "by", "the", "1988", "drought", ".", "Buying", "by", "the", "Soviets", "has", "helped", "to", "prop", "up", "corn", "prices", "in", "recent", "weeks", ",", "but", "a", "lack", "of", "any", "new", "purchases", "kept", "prices", "in", "the", "doldrums", ".", "COFFEE", ":", "Futures", "prices", "rose", "slightly", "in", "a", "market", "filled", "with", "rumors", "that", "a", "new", "international", "coffee", "agreement", "might", "still", "be", "achieved", ".", "The", "December", "contract", "ended", "with", "a", "gain", "of", "1.29", "cents", "a", "pound", "at", "74.35", "cents", ".", "According", "to", "one", "analyst", ",", "prices", "opened", "higher", "because", "of", "reports", "over", "the", "weekend", "that", "Brazil", "and", "Colombia", ",", "at", "the", "Pan-American", "summit", "meeting", "in", "Costa", "Rica", ",", "had", "agreed", "to", "a", "reduction", "in", "their", "coffee", "export", "quotas", "for", "the", "sake", "of", "creating", "a", "new", "agreement", ".", "The", "reports", ",", "attributed", "to", "the", "Colombian", "minister", "of", "economic", "development", ",", "said", "Brazil", "would", "give", "up", "500,000", "bags", "of", "its", "quota", "and", "Colombia", "200,000", "bags", ",", "the", "analyst", "said", ".", "These", "reports", "were", "later", "denied", "by", "a", "high", "Brazilian", "official", ",", "who", "said", "Brazil", "was", "n't", "involved", "in", "any", "coffee", "discussions", "on", "quotas", ",", "the", "analyst", "said", ".", "The", "Colombian", "minister", "was", "said", "to", "have", "referred", "to", "a", "letter", "that", "he", "said", "President", "Bush", "sent", "to", "Colombian", "President", "Virgilio", "Barco", ",", "and", "in", "which", "President", "Bush", "said", "it", "was", "possible", "to", "overcome", "obstacles", "to", "a", "new", "agreement", ".", "The", "minister", "was", "also", "quoted", "as", "saying", "that", "a", "new", "pact", "could", "be", "achieved", "during", "the", "first", "half", "of", "next", "year", ",", "according", "to", "the", "analyst", ".", "PRECIOUS", "METALS", ":", "Futures", "prices", "showed", "modest", "changes", "in", "light", "trading", "volume", ".", "December", "delivery", "gold", "eased", "40", "cents", "an", "ounce", "to", "$", "380.80", ".", "December", "silver", "was", "off", "3.7", "cents", "an", "ounce", "at", "$", "5.2830", ".", "January", "platinum", "rose", "90", "cents", "an", "ounce", "at", "$", "500.20", ".", "The", "market", "turned", "quiet", "after", "rising", "sharply", "late", "last", "week", ",", "according", "to", "one", "analyst", ".", "Last", "week", "'s", "uncertainty", "in", "the", "stock", "market", "and", "a", "weaker", "dollar", "triggered", "a", "flight", "to", "safety", ",", "he", "said", ",", "but", "yesterday", "the", "market", "lacked", "such", "stimuli", ".", "There", "was", "some", "profit-taking", "because", "prices", "for", "all", "the", "precious", "metals", "had", "risen", "to", "levels", "at", "which", "there", "was", "resistance", "to", "further", "advance", ",", "he", "said", ".", "The", "dollar", "was", "also", "slightly", "firmer", "and", "prompted", "some", "selling", ",", "as", "well", ",", "according", "to", "the", "analyst", "." ]
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"50th", "birthday", "deserves", "the", "ultimate", "present", ".", "''", "To", "understand", "what", "Mr.", "Engelken", "means", ",", "one", "must", "go", "back", "to", "a", "sunny", "October", "afternoon", "in", "1951", "at", "New", "York", "'s", "Polo", "Grounds", "stadium", ",", "where", ",", "it", "can", "be", "argued", ",", "the", "most", "dramatic", "moment", "in", "baseball", "history", "was", "played", "out", ".", "It", "was", "the", "ninth", "inning", "of", "the", "third", "game", "of", "a", "three-game", "playoff", "between", "the", "Brooklyn", "Dodgers", "and", "the", "New", "York", "Giants", "(", "the", "predecessor", "to", "the", "San", "Francisco", "Giants", "scheduled", "to", "play", "in", "tonight", "'s", "world", "series", ")", ".", "Baseball", "fans", "throughout", "New", "York", "had", "sweated", "out", "a", "long", "summer", "with", "their", "teams", ",", "and", "now", "it", "had", "come", "to", "this", ":", "a", "battle", "between", "the", "two", "for", "the", "National", "League", "pennant", "--", "down", "to", "the", "last", "inning", "of", "the", "last", "game", ",", "no", "less", ".", "Some", "34,320", "fans", "jammed", "the", "stands", ",", "and", "shouted", "at", "the", "top", "of", "their", "lungs", ".", "Mr.", "Engelken", "was", "doing", "the", "same", "across", "the", "Hudson", "River", "in", "New", "Jersey", ",", "where", ",", "with", "his", "nose", "pressed", "against", "the", "front", "window", "of", "the", "Passaic-Clifton", "National", "Bank", ",", "he", "watched", "the", "duel", "on", "a", "television", "set", "the", "bank", "set", "up", "for", "the", "event", ".", "The", "playoff", "series", "had", "riveted", "the", "12-year-old", "Giants", "fan", ".", "``", "The", "Giants", "struck", "first", ",", "winning", "the", "opener", ",", "3-1", ",", "on", "a", "two-run", "homer", "off", "Dodger", "right-hander", "Ralph", "Branca", ",", "''", "Mr.", "Engelken", "recalls", "with", "precision", "today", ".", "``", "The", "Giants", 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"Thomson", "high", "and", "inside", "and", "then", ",", "with", "a", "crack", "of", "the", "bat", ",", "was", "sent", "rocketing", "back", "into", "the", "lower", "leftfield", "stands", ".", "``", "Giants", "fans", "went", "into", "euphoria", ",", "''", "says", "Mr.", "Engelken", ".", "And", "Bobby", "Thomson", "was", "made", "a", "legend", ".", "The", "same", "Bobby", "Thomson", ",", "it", "turns", "out", ",", "who", "sells", "those", "paper-goods", "today", ".", "There", "ca", "n't", "be", "an", "older", "baseball", "fan", "alive", "who", "does", "n't", "clearly", "remember", "that", "Bobby", "Thomson", "homer", ",", "who", "ca", "n't", "tell", "you", "where", "he", "was", "when", "he", "heard", "the", "famous", "Russ", "Hodges", "radio", "broadcast", "--", "the", "one", "that", "concluded", "with", "Mr.", "Hodges", "shouting", ",", "over", "and", "over", ",", "``", "The", "Giants", "win", "the", "pennant", ",", "the", "Giants", "win", "the", "pennant", "!", "''", "Mr.", "Engelken", 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",", "''", "the", "first", "three", "letters", "of", "the", "family", "name", "and", "--", "no", "surprise", "here", "--", "Bobby", "Thomson", "'s", "uniform", "number", ".", "And", "on", "Mr.", "Engelken", "'s", "40th", "birthday", ",", "his", "wife", "bought", "a", "book", "detailing", "the", "big", "homer", "and", "sent", "it", "off", "to", "Mr.", "Thomson", "to", "be", "autographed", ".", "``", "What", "could", "have", "been", "better", "?", "''", "asks", "Mr.", "Engelken", ".", "Betsy", "Engelken", "asked", "the", "same", "question", "earlier", "this", "year", ",", "when", "her", "husband", "was", "about", "to", "turn", "50", ".", "She", "had", "an", "idea", ".", "On", "her", "husband", "'s", "50th", "birthday", "(", "after", "an", "auspicious", "23", "years", "of", "marriage", ",", "it", "should", "be", "noted", ")", ",", "Betsy", ",", "Al", "and", "their", "college-bound", "son", "set", "out", "for", "New", "York", "to", "visit", "Fordham", "University", ".", "Mrs.", "Engelken", 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"it", ",", "just", "for", "the", "look", "on", "Albert", "'s", "face", ".", "''", "The", "two", "men", "spent", "an", "hour", "at", "Exit", "10", ",", "rehashing", "the", "event", ",", "``", "fulfilling", "the", "lifelong", "dream", "of", "a", "young", "boy", "now", "turned", "50", ",", "''", "Mr.", "Engelken", "says", ".", "His", "hero", "signed", "photographs", "of", "the", "homer", "and", "diplomatically", "called", "Ralph", "Branca", "``", "a", "very", "fine", "pitcher", ".", "''", "And", "when", "Mr.", "Engelken", "asked", "him", "why", "he", "took", "time", "off", "from", "work", "for", "somebody", "he", "did", "n't", "even", "know", ",", "Bobby", "Thomson", "replied", ":", "``", "You", "know", ",", "Albert", ",", "if", "you", "have", "the", "chance", "in", "life", "to", "make", "somebody", "this", "happy", ",", "you", "have", "an", "obligation", "to", "do", "it", ".", "''", "In", "an", "interview", ",", "Mr.", "Thomson", ",", "who", "is", "married", "and", "has", "three", "grown", "children", ",", "says", "he", "has", "few", "ties", "to", "baseball", "these", "days", ",", "other", "than", "playing", "old-timers", "games", "now", "and", "again", ".", "But", "his", "fans", ",", "to", "his", "constant", "amazement", ",", "never", "let", "him", "forget", "the", "famous", "four-bagger", ".", "His", "mail", "regularly", "recalls", "``", "my", "one", "event", ",", "''", "and", "has", "been", "growing", "in", "recent", "years", ".", "In", "response", "to", "the", "letters", ",", "Mr.", "Thomson", "usually", "sends", "an", "autographed", "photo", "with", "a", "polite", "note", ",", "and", "rarely", "arranges", "a", "rendezvous", ".", "But", "when", "Betsy", "Engelken", "wrote", "him", ",", "saying", "she", "could", "stop", "near", "his", "New", "Jersey", "home", ",", "it", "seemed", "different", ".", "``", "What", "a", "good", "feeling", "it", "would", "be", "for", "me", "to", "do", "that", ",", "''", "he", "says", "he", "thought", ".", "When", "the", 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"booths", "just", "off", "Exit", "10", "of", "the", "New", "Jersey", "Turnpike", "." ]
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"xcomp", "punct", "nsubj", "dep", "det", "obj", "mark", "acl", "obj", "punct", "punct", "case", "det", "obl", "punct", "compound", "nsubj", "punct", "nsubj", "aux", "acl:relcl", "cc", "conj", "nummod", "amod", "obj", "punct", "root", "nsubj", "ccomp", "amod", "obj", "case", "nmod", "det", "obl:tmod", "punct", "advmod", "mark", "advcl", "compound", "obj", "advmod", "cc", "conj", "punct", "cc", "nmod:poss", "nsubj", "punct", "case", "nmod:poss", "amod", "obl", "punct", "advmod", "root", "nsubj", "ccomp", "det", "amod", "obj", "punct", "nmod:poss", "nsubj", "advmod", "root", "punct", "nmod:poss", "nummod", "obj", "punct", "punct", "cc", "aux", "aux", "conj", "case", "amod", "obl", "punct", "case", "obl", "case", "det", "nmod", "punct", "compound", "nsubj", "advmod", "root", "det", "amod", "obj", "case", "det", "amod", "nmod", "punct", "cc", "advmod", "conj", "det", "obj", "punct", "cc", "advmod", "compound", "nsubj", "advcl", "obj", "punct", "advcl", "nsubj", "aux", "ccomp", "case", "nmod:poss", "compound", "compound", "obl", "punct", "nsubj", "root", "xcomp", "punct", "punct", "det", "det", "amod", "obj", "nsubj", "aux", "advcl", "mark", "nsubj", "mark", "advcl", "obj", "punct", "punct", "nsubj", "root", "nsubj", "ccomp", "punct", "advmod", "det", "compound", "nsubj", "advcl", "advmod", "case", "nmod:poss", "obl", "advmod", "advmod", "punct", "compound", "nsubj", "root", "obj", "det", "compound:prt", "punct", "advmod", "mark", "advcl", "xcomp", "det", "nsubj:pass", "aux:pass", "ccomp", "punct", "punct", "case", "det", "compound", "obl", "punct", "punct", "nmod:poss", "nsubj", "parataxis", "punct", "punct", "nsubj", "root", "amod", "obj", "mark", "acl", "det", "obj", "acl", "advmod", "punct", "nmod:poss", "nsubj", "root", "obl:npmod", "advmod", "case", "det", "obl", "acl", "nmod:poss", "case", "xcomp", "punct", "advmod", "det", "amod", "compound", "nsubj", "aux", "acl:relcl", "det", "obj", "case", "det", "nmod", "nsubj", "advmod", "advmod", "acl:relcl", "compound:prt", "cc", "cop", "det:predet", "det", "conj", "case", "nmod", "punct", "punct", "ccomp", "obj", "punct", "compound", "obj", "punct", "punct", "nsubj", "root", "punct", "punct", "amod", "nsubj", "root", "punct", "nsubj", "aux", "advmod", "root", "obj", "case", "det", "punct", "compound", "punct", "obl", "punct", "cc", "nsubj", "root", "punct", "nsubj", "aux", "root", "compound:prt", "case", "obl", "case", "det", "obl", "case", "compound", "nmod", "advmod", "case", "nmod", "nummod", "case", "det", "compound", "compound", "nmod", "punct" ]
[ "The", "Communications", "Workers", "of", "America", "ratified", "a", "new", "regional", "contract", "and", "all", "but", "one", "of", "the", "local", "agreements", "with", "Bell", "Atlantic", "Corp", ".", "CWA", "'s", "New", "Jersey", "Commercial", "local", ",", "which", "represents", "about", "2,500", "service", "representatives", "and", "marketing", "employees", ",", "rejected", "the", "tentative", "agreement", ".", "Both", "the", "union", "and", "the", "regional", "telephone", "company", "said", "they", "were", "working", "together", "to", "resolve", "differences", ".", "The", "new", "three-year", "contracts", ",", "which", "replace", "ones", "that", "expired", "Aug.", "5", ",", "cover", "41,000", "Bell", "Atlantic", "employees", ".", "The", "ratification", "follows", "a", "23-day", "strike", "against", "the", "Philadelphia-based", "company", ".", "Meanwhile", ",", "CWA", "and", "International", "Brotherhood", "of", "Electrical", "Workers", "members", "remain", "on", "strike", "against", "Nynex", "Corp.", ",", "the", "New", "York-based", "regional", "phone", "company", ".", "The", "unions", "and", "the", "company", "last", "week", "agreed", "to", "mediation", ".", "The", "CWA", "represents", "40,000", "Nynex", "workers", "and", "the", "IBEW", "represents", "20,000", "workers", "." ]
[ 3, 3, 6, 5, 3, 0, 10, 10, 10, 6, 14, 14, 12, 10, 18, 18, 18, 14, 22, 22, 22, 18, 6, 6, 1, 6, 6, 6, 18, 6, 9, 6, 11, 13, 13, 9, 16, 16, 13, 6, 0, 21, 21, 18, 18, 3, 3, 9, 8, 8, 8, 8, 3, 0, 12, 12, 9, 12, 15, 12, 15, 9, 4, 4, 4, 14, 4, 7, 4, 7, 10, 8, 10, 11, 4, 0, 18, 18, 18, 14, 14, 2, 3, 0, 6, 6, 3, 10, 10, 10, 6, 3, 11, 11, 11, 6, 6, 3, 10, 10, 10, 6, 0, 13, 11, 16, 16, 13, 16, 23, 20, 23, 23, 23, 16, 11, 2, 8, 5, 5, 2, 7, 8, 0, 10, 8, 8, 2, 3, 0, 6, 6, 3, 10, 9, 10, 3, 12, 10, 3 ]
[ "det", "compound", "nsubj", "case", "nmod", "root", "det", "amod", "amod", "obj", "cc", "dep", "cc", "conj", "case", "det", "amod", "nmod", "case", "compound", "compound", "nmod", "punct", "nmod:poss", "case", "compound", "compound", "compound", "nsubj", "punct", "nsubj", "acl:relcl", "advmod", "nummod", "compound", "obj", "cc", "compound", "conj", "punct", "root", "det", "amod", "obj", "punct", "cc:preconj", "det", "nsubj", "cc", "det", "amod", "compound", "conj", "root", "nsubj", "aux", "ccomp", "advmod", "mark", "xcomp", "obj", "punct", "det", "amod", "amod", "nsubj", "punct", "nsubj", "acl:relcl", "obj", "nsubj", "acl:relcl", "obl:tmod", "nummod", "punct", "root", "nummod", "compound", "compound", "obj", "punct", "det", "nsubj", "root", "det", "amod", "obj", "case", "det", "amod", "nmod", "punct", "advmod", "punct", "nsubj", "cc", "compound", "conj", "case", "compound", "compound", "nmod", "root", "case", "obl", "case", "compound", "nmod", "punct", "det", "amod", "amod", "amod", "compound", "appos", "punct", "det", "nsubj", "cc", "det", "conj", "amod", "obl:tmod", "root", "case", "obl", "punct", "det", "nsubj", "root", "nummod", "compound", "obj", "cc", "det", "nsubj", "conj", "nummod", "obj", "punct" ]
[ "Appalachian", "Power", "Co.", ",", "a", "subsidiary", "of", "American", "Electric", "Power", "Co.", ",", "said", "it", "will", "redeem", "on", "Dec.", "1", "the", "entire", "$", "44.2", "million", "of", "its", "12", "7/8", "%", "first", "mortgage", "bonds", "due", "2013", ".", "The", "redemption", "price", "will", "be", "109.66", "%", "of", "the", "principal", "amount", "of", "the", "bonds", ",", "plus", "accrued", "interest", "to", "the", "date", "of", "redemption", "." ]
[ 3, 3, 13, 3, 6, 3, 11, 11, 11, 11, 6, 3, 0, 16, 16, 13, 18, 16, 18, 22, 22, 16, 24, 22, 32, 32, 28, 29, 32, 32, 32, 22, 32, 33, 13, 3, 3, 7, 7, 7, 7, 0, 11, 11, 11, 7, 14, 14, 11, 7, 18, 18, 7, 21, 21, 18, 23, 21, 7 ]
[ "compound", "compound", "nsubj", "punct", "det", "appos", "case", "compound", "compound", "compound", "nmod", "punct", "root", "nsubj", "aux", "ccomp", "case", "obl", "nummod", "det", "amod", "obj", "compound", "nummod", "case", "nmod:poss", "compound", "dep", "dep", "amod", "compound", "nmod", "amod", "obl:tmod", "punct", "det", "compound", "nsubj", "aux", "cop", "nummod", "root", "case", "det", "compound", "nmod", "case", "det", "nmod", "punct", "cc", "amod", "conj", "case", "det", "nmod", "case", "nmod", "punct" ]
[ "Coast", "Savings", "Financial", "Inc.", "reported", "a", "third-quarter", "loss", ",", "citing", "a", "previously", "announced", "capital", "restructuring", "program", ".", "The", "Los", "Angeles", "thrift", "holding", "company", "said", "it", "had", "a", "loss", "of", "$", "92.2", "million", ",", "or", "$", "6.98", "a", "share", ",", "for", "the", "quarter", "ended", "Sept.", "30", ".", "Coast", "earned", "$", "10.2", "million", ",", "or", "67", "cents", "a", "share", ",", "in", "the", "year-ago", "quarter", ".", "The", "year-ago", "results", "have", "been", "restated", "to", "comply", "with", "government", "regulations", ".", "The", "restructuring", "program", "is", "designed", "to", "increase", "the", "company", "'s", "tangible", "capital", "ratio", ".", "It", "includes", "removing", "$", "242", "million", "in", "good", "will", "from", "the", "books", ",", "issuing", "$", "150", "million", "in", "preferred", "stock", "and", "commencing", "an", "exchange", "offer", "for", "$", "52", "million", "in", "convertible", "bonds", ".", "During", "the", "third", "quarter", ",", "the", "company", "charged", "about", "$", "46", "million", "against", "earnings", "in", "reducing", "goodwill", ",", "added", "$", "20", "million", "to", "its", "general", "loan", "loss", "reserves", "and", "established", "a", "$", "30", "million", "reserve", "for", "its", "high-yield", "bond", "portfolio", ".", "The", "company", "said", "its", "junk-bond", "portfolio", "after", "these", "moves", "had", "been", "reduced", "to", "less", "than", "1", "%", "of", "assets", "." ]
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[ "compound", "compound", "compound", "nsubj", "root", "det", "amod", "obj", "punct", "advcl", "det", "advmod", "amod", "compound", "compound", "obj", "punct", "det", "compound", "compound", "compound", "amod", "nsubj", "root", "nsubj", "ccomp", "det", "obj", "case", "nmod", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "case", "det", "obl", "acl", "obl:tmod", "nummod", "punct", "nsubj", "root", "obj", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "det", "amod", "obl", "punct", "det", "amod", "nsubj:pass", "aux", "aux:pass", "root", "mark", "xcomp", "case", "compound", "obl", "punct", "det", "compound", "nsubj:pass", "aux:pass", "root", "mark", "xcomp", "det", "nmod:poss", "case", "amod", "compound", "obj", "punct", "nsubj", "root", "ccomp", "obj", "compound", "nummod", "case", "amod", "nmod", "case", "det", "obl", "punct", "conj", "obj", "compound", "nummod", "case", "amod", "nmod", "cc", "conj", "det", "compound", "obj", "case", "nmod", "compound", "nummod", "case", "amod", "nmod", "punct", "case", "det", "amod", "obl", "punct", "det", "nsubj", "root", "advmod", "obj", "compound", "nummod", "case", "obl", "mark", "advcl", "obj", "punct", "conj", "obj", "compound", "nummod", "case", "nmod:poss", "amod", "compound", "compound", "obl", "cc", "conj", "det", "amod", "compound", "nummod", "obj", "case", "nmod:poss", "amod", "compound", "obl", "punct", "det", "nsubj", "root", "nmod:poss", "amod", "nsubj:pass", "case", "det", "obl", "aux", "aux:pass", "ccomp", "case", "advmod", "fixed", "nummod", "obl", "case", "nmod", "punct" ]
[ "Vickers", "PLC", ",", "a", "British", "aerospace", ",", "defense", "and", "automotive", "conglomerate", ",", "said", "it", "reached", "an", "agreed", "cash", "bid", "of", "#", "108.2", "million", "(", "$", "173.3", "million", ")", "for", "Ross", "Catherall", "Group", "PLC", ",", "a", "maker", "of", "specialty", "alloy", "and", "ceramics", ".", "The", "company", "said", "it", "expects", "to", "receive", "acceptances", "for", "its", "offer", "of", "253", "pence", "(", "$", "4.05", ")", "per", "share", "representing", "at", "least", "67", "%", "of", "Ross", "Catherall", "'s", "issued", "share", "capital", ",", "or", "12.7", "million", "ordinary", "shares", ".", "Vickers", "said", "its", "offer", "also", "includes", "an", "option", "to", "receive", "a", "redeemable", "loan", "note", "in", "lieu", "of", "cash", ".", "The", "notes", "can", "be", "redeemed", "starting", "in", "July", "1991", ".", "The", "company", "said", "its", "acquisition", "of", "Ross", "Catherall", "will", "be", "covered", "largely", "by", "cash", "raised", "in", "its", "July", "disposal", "of", "Howson-Algraphy", "for", "#", "241.7", "million", "." ]
[ 2, 13, 2, 11, 11, 8, 8, 11, 10, 8, 2, 2, 0, 15, 13, 19, 19, 19, 15, 23, 23, 23, 19, 25, 23, 27, 25, 25, 33, 33, 33, 33, 19, 33, 36, 33, 39, 39, 36, 41, 39, 13, 2, 3, 0, 5, 3, 7, 5, 7, 11, 11, 8, 14, 14, 11, 16, 14, 16, 16, 20, 14, 11, 23, 24, 25, 21, 32, 28, 32, 28, 32, 32, 25, 25, 38, 36, 38, 38, 25, 3, 2, 0, 4, 6, 6, 2, 8, 6, 10, 8, 14, 14, 14, 10, 16, 10, 18, 16, 2, 2, 5, 5, 5, 0, 8, 8, 5, 8, 5, 2, 3, 0, 5, 11, 8, 8, 5, 11, 11, 3, 14, 14, 11, 14, 19, 19, 19, 15, 21, 19, 25, 25, 25, 19, 3 ]
[ "compound", "nsubj", "punct", "det", "amod", "amod", "punct", "compound", "cc", "conj", "appos", "punct", "root", "nsubj", "ccomp", "det", "amod", "compound", "obj", "case", "compound", "compound", "nmod", "punct", "dep", "compound", "nummod", "punct", "case", "compound", "compound", "compound", "nmod", "punct", "det", "appos", "case", "amod", "nmod", "cc", "conj", "punct", "det", "nsubj", "root", "nsubj", "ccomp", "mark", "xcomp", "obj", "case", "nmod:poss", "nmod", "case", "nummod", "nmod", "punct", "appos", "nummod", "punct", "case", "nmod", "acl", "case", "obl:npmod", "nummod", "obj", "case", "compound", "nmod:poss", "case", "amod", "compound", "nmod", "punct", "cc", "compound", "nummod", "amod", "conj", "punct", "nsubj", "root", "nmod:poss", "nsubj", "advmod", "ccomp", "det", "obj", "mark", "acl", "det", "amod", "compound", "obj", "case", "obl", "case", "nmod", "punct", "det", "nsubj:pass", "aux", "aux:pass", "root", "case", "case", "advcl", "nummod", "punct", "det", "nsubj", "root", "nmod:poss", "nsubj:pass", "case", "compound", "nmod", "aux", "aux:pass", "ccomp", "advmod", "case", "obl", "acl", "case", "nmod:poss", "compound", "obl", "case", "nmod", "case", "compound", "compound", "nmod", "punct" ]
[ "When", "Maj.", "Moises", "Giroldi", ",", "the", "leader", "of", "the", "abortive", "coup", "in", "Panama", ",", "was", "buried", ",", "his", "body", "bore", "several", "gunshot", "wounds", ",", "a", "cracked", "skull", "and", "broken", "legs", "and", "ribs", ".", "They", "were", "the", "signature", "of", "his", "adversary", ",", "Panamanian", "leader", "Manuel", "Antonio", "Noriega", ".", "The", "rebel", "officer", "'s", "slow", "and", "painful", "death", ",", "at", "the", "headquarters", "of", "Panama", "'s", "Battalion-2000", "squad", ",", "was", "personally", "supervised", "by", "Gen.", "Noriega", ",", "says", "a", "U.S.", "official", "with", "access", "to", "intelligence", "reports", ".", "Leaping", "into", "rages", ",", "sinking", "into", "bouts", "of", "drunkenness", "and", "mistrust", ",", "Mr.", "Noriega", "has", "put", "to", "death", "some", "70", "of", "his", "troops", "involved", "in", "the", "coup", ",", "according", "to", "U.S.", "officials", "monitoring", "crematoriums", "and", "funeral", "parlors", "in", "Panama", "City", ".", "He", "is", "now", "changing", "the", "place", "he", "sleeps", "every", "night", ",", "sometimes", "more", "than", "once", "a", "night", ".", "His", "meals", "are", "most", "often", "prepared", "by", "women", "he", "trusts", "--", "his", "full-time", "mistress", ",", "Vicky", "Amado", ",", "and", "her", "mother", ",", "Norma", ".", "And", "he", "is", "collecting", "the", "names", "of", "those", "who", "telephoned", "the", "coup-makers", "to", "congratulate", "them", "during", "their", "brief", "time", "in", "control", "of", "his", "headquarters", ".", "More", "enemies", "to", "be", "dealt", "with", ".", "In", "the", "two", "weeks", "since", "the", "rebellion", ",", "which", "the", "U.S.", "hesitantly", "backed", ",", "Mr.", "Noriega", "has", "been", "at", "his", "most", "brutal", "-", "and", "efficient", "-", "in", "maintaining", "power", ".", "Yet", ",", "while", "the", "failed", "coup", "is", "a", "major", "U.S.", "foreign", "policy", "embarrassment", ",", "it", "is", "merely", "the", "latest", "chapter", "in", "a", "byzantine", "relationship", "between", "Mr.", "Noriega", "and", "Washington", "that", "stretches", "back", "three", "decades", ".", "America", "'s", "war", "on", "the", "dictator", "over", "the", "past", "two", "years", ",", "following", "his", "indictment", "on", "drug", "charges", "in", "February", "1988", ",", "is", "the", "legacy", "of", "that", "relationship", ".", "Before", "American", "foreign", "policy", "set", "out", "to", "destroy", "Noriega", ",", "it", "helped", "create", "him", "out", "of", "the", "crucible", "of", "Panama", "'s", "long", "history", "of", "conspirators", "and", "pirates", ".", "For", "most", "of", "the", "past", "30", "years", ",", "the", "marriage", "was", "one", "of", "convenience", ".", "In", "1960", ",", "for", "example", ",", "when", "Mr.", "Noriega", "was", "both", "a", "cadet", "at", "an", "elite", "military", "academy", "in", "Peru", "and", "a", "spy-in-training", "for", "the", "U.S.", "Defense", "Intelligence", "Agency", ",", "he", "was", "detained", "by", "Lima", "authorities", "for", "allegedly", "raping", "and", "savagely", "beating", "a", "prostitute", ",", "according", "to", "a", "U.S.", "Embassy", "cable", "from", "that", "period", ".", "The", "woman", "had", "nearly", "died", ".", "But", "U.S.", "intelligence", ",", "rather", "than", "rein", "in", "or", "cut", "loose", "its", "new", "spy", ",", "merely", "filed", "the", "report", "away", ".", "Mr.", "Noriega", "'s", "tips", "on", "emerging", "leftists", "at", "his", "school", "were", "deemed", "more", "important", "to", "U.S.", "interests", ".", "From", "that", "point", "on", ",", "the", "U.S.", "would", "make", "a", "practice", "of", "overlooking", "the", "Panamanian", "'s", "misadventures", ".", "The", "U.S.", "has", "befriended", "and", "later", "turned", "against", "many", "dictators", ",", "but", "none", "quite", "so", "resourceful", ".", "The", "55-year-old", "Mr.", "Noriega", "is", "n't", "as", "smooth", "as", "the", "shah", "of", "Iran", ",", "as", "well-born", "as", "Nicaragua", "'s", "Anastasio", "Somoza", ",", "as", "imperial", "as", "Ferdinand", "Marcos", "of", "the", "Philippines", "or", "as", "bloody", "as", "Haiti", "'s", "Baby", "Doc", "Duvalier", ".", "Yet", "he", "has", "proved", "more", "resilient", "than", "any", "of", "them", ".", "And", "out", "of", "necessity", ":", "The", "U.S.", "can", "make", "mistakes", "and", "still", "hope", "to", "remove", "him", "from", "power", ",", "but", "a", "single", "error", "on", "his", "part", "could", "cost", "him", "his", "life", ".", "``", "The", "U.S.", "underestimated", "Noriega", "all", "along", ",", "''", "says", "Ambler", "Moss", ",", "a", "former", "Ambassador", "to", "Panama", ".", "``", "He", "has", "mastered", "the", "art", "of", "survival", ".", "''", "In", "keeping", "with", "America", "'s", "long", "history", "of", "propping", "up", "Mr.", "Noriega", ",", "recent", "U.S.", "actions", "have", "extended", "rather", "than", "shortened", "his", "survival", ".", "Mr.", "Noriega", "might", "have", "fallen", "of", "his", "own", "weight", "in", "1988", "because", "of", "Panama", "'s", "dire", "economic", "situation", ",", "says", "Mr.", "Moss", ",", "but", "increasing", "external", "pressure", "has", "only", "given", "him", "additional", "excuses", "for", "repression", ",", "and", "a", "scapegoat", "for", "his", "own", "mismanagement", ".", "``", "If", "the", "U.S.", "had", "sat", "back", "and", "done", "nothing", ",", "he", "might", "not", "have", "made", "it", "through", "1988", ",", "''", "Mr.", "Moss", "contends", ".", "Perhaps", "most", "important", ",", "Mr.", "Noriega", "'s", "allies", "have", "intervened", "to", "encourage", "--", "in", "some", "cases", ",", "to", "demand", "--", "that", "the", "dictator", "maintain", "his", "grip", "of", "the", "throne", ".", "One", "Colombian", "drug", "boss", ",", "upon", "hearing", "in", "1987", "that", "Gen.", "Noriega", "was", "negotiating", "with", "the", "U.S.", "to", "abandon", "his", "command", "for", "a", "comfortable", "exile", ",", "sent", "him", "a", "hand-sized", "mahogany", "coffin", "engraved", "with", "his", "name", ".", "``", "He", "is", "cornered", ",", "''", "says", "the", "Rev.", "Fernando", "Guardia", ",", "who", "has", "led", "Catholic", "Church", "opposition", "against", "Noriega", ".", "``", "The", "Americans", "have", "left", "him", "without", "a", "way", "out", ".", "It", "is", "easy", "to", "fight", "when", "you", "do", "n't", "have", "any", "other", "option", ".", "''", "His", "chief", "advantage", "in", "the", "fight", ":", "his", "intimate", "knowledge", "of", "American", "ways", "and", "weaknesses", ".", "Mr.", "Noriega", "often", "tells", "friends", "that", "patience", "is", "the", "best", "weapon", "against", "the", "gringos", ",", "who", "have", "a", "short", "attention", "span", "and", "little", "stomach", "for", "lasting", "confrontation", ".", "The", "U.S.", "discovered", "the", "young", "Tony", "Noriega", "in", "late", "1959", ",", "when", "he", "was", "in", "his", "second", "year", "at", "the", "Chorrillos", "Military", "Academy", "in", "Lima", ",", "according", "to", "former", "U.S.", "intelligence", "officials", ".", "The", "contact", "occurred", "through", "Mr.", "Noriega", "'s", "half-brother", ",", "a", "Panamanian", "diplomat", "based", "in", "Peru", "named", "Luis", "Carlos", "Noriega", "Hurtado", ".", "Luis", "Carlos", ",", "knowing", "that", "helping", "the", "Americans", "could", "advance", "the", "career", "of", "any", "Panamanian", "officer", ",", "relayed", "Tony", "'s", "reports", "on", "the", "leftist", "tendencies", "he", "observed", "among", "his", "fellow", "students", "and", ",", "more", "important", ",", "among", "his", "officers", "and", "instructors", ".", "A", "spy", "was", "born", ".", "It", "was", "a", "heady", "experience", "for", "the", "pockmarked", "and", "slightly", "built", "Mr.", "Noriega", ",", "who", "was", "known", "to", "his", "friends", "as", "Cara", "la", "Pina", "--", "pineapple", "face", ".", "Born", "the", "illegitimate", "son", "of", "his", "father", "'s", "maid", ",", "he", "was", "raised", "on", "the", "mean", "streets", "of", "the", "central", "market", "district", "of", "Panama", "City", ".", "Tony", "was", "four", "years", "older", "than", "most", "of", "his", "fellow", "cadets", ",", "and", "gained", "admission", "to", "the", "academy", "because", "his", "brother", "had", "falsified", "his", "birth", "certificate", ".", "He", "considered", "himself", "intellectually", "superior", "to", "his", "Peruvian", "peers", ",", "many", "of", "whom", "were", "wayward", "sons", "sent", "by", "their", "well-off", "families", "to", "the", "highly", "disciplined", ",", "French-modeled", "academy", "as", "a", "sort", "of", "reform", "school", ".", "In", "his", "peaked", "military", "cap", "and", "neatly", "pressed", ",", "French-made", "uniform", ",", "Noriega", "felt", "more", "respected", "and", "powerful", "than", "ever", "in", "his", "underprivileged", "life", ",", "friends", "from", "the", "period", "say", ".", "``", "He", "had", "an", "elegant", "uniform", "with", "gold", "buttons", "in", "a", "country", "where", "there", "was", "a", "cult", "of", "militarism", ",", "where", "officers", "were", "the", "elite", "with", "special", "privileges", ",", "''", "recalls", "Darien", "Ayala", ",", "a", "fellow", "student", "in", "Peru", "and", "a", "lifelong", "friend", ".", "Mr.", "Noriega", "'s", "relationship", "to", "American", "intelligence", "agencies", "became", "contractual", "in", "either", "1966", "or", "1967", ",", "intelligence", "officials", "say", ".", "His", "commanding", "officer", "at", "the", "Chiriqui", "Province", "garrison", ",", "Major", "Omar", "Torrijos", ",", "gave", "him", "an", "intriguing", "assignment", ":", "Mr.", "Noriega", "would", "organize", "the", "province", "'s", "first", "intelligence", "service", ".", "The", "spy", "network", "would", "serve", "two", "clients", ":", "the", "Panamanian", "government", ",", "by", "monitoring", "political", "opponents", "in", "the", "region", ",", "and", "the", "U.S.", ",", "by", "tracking", "the", "growing", "Communist", "influence", "in", "the", "unions", "organized", "at", "United", "Fruit", "Co.", "'s", "banana", "plantations", "in", "Bocas", "del", "Toros", "and", "Puerto", "Armuelles", ".", "United", "Fruit", "was", "one", "of", "the", "two", "largest", "contributors", "to", "Panama", "'s", "national", "income", ".", "Satisfying", "its", "interests", "was", "a", "priority", "for", "any", "Panamanian", "leader", ".", "Mr.", "Noriega", "'s", "initial", "retainer", "was", "only", "$", "50", "to", "$", "100", "a", "month", ",", "plus", "occasional", "gifts", "of", "liquor", "or", "groceries", "from", "the", "American", "PX", ",", "a", "former", "intelligence", "official", "says", ".", "It", "was", "modest", "pay", "by", "American", "standards", ",", "but", "a", "healthy", "boost", "to", "his", "small", "military", "salary", ",", "which", "fellow", "officers", "remember", "as", "having", "been", "$", "300", "to", "$", "400", "monthly", ".", "``", "He", "did", "it", "very", "well", ",", "''", "recalls", "Boris", "Martinez", ",", "a", "former", "Panamanian", "colonel", "who", "managed", "Mr.", "Noriega", "and", "his", "operation", ".", "``", "He", "started", "building", "the", "files", "that", "helped", "him", "gain", "power", ".", "''", "A", "National", "Guard", "job", "assumed", "by", "Capt.", "Noriega", "in", "1964", "--", "as", "chief", "of", "the", "transit", "police", "in", "David", "City", ",", "capital", "of", "the", "Chiriqui", "Province", "--", "was", "tailor-made", "for", "an", "aspiring", "super-spy", ".", "By", "pressuring", "taxi", "and", "bus", "drivers", "who", "needed", "licenses", ",", "he", "gained", "a", "ready", "cache", "of", "information", ".", "He", "knew", "which", "local", "luminaries", "had", "been", "caught", "driving", "drunk", ",", "which", "had", "been", "found", "with", "their", "mistresses", ".", "This", "proved", "particularly", "valuable", "to", "the", "Panamanian", "government", "in", "1967", ",", "when", "union", "leaders", "were", "planning", "a", "May", "Day", "march", "that", "the", "government", "feared", "could", "turn", "violent", ".", "Mr.", "Noriega", "had", "learned", "that", "a", "local", "union", "leader", "was", "sleeping", "with", "the", "wife", "of", "his", "deputy", ".", "So", "he", "splashed", "the", "information", "on", "handbills", "that", "he", "distributed", "throughout", "the", "banana-exporting", "city", "of", "Puerto", "Armuelles", ",", "which", "was", "ruled", "by", "United", "Fruit", "Co", ".", "The", "campaign", "so", "divided", "union", "leaders", "that", "the", "government", "found", "them", "far", "easier", "to", "control", ".", "``", "It", "was", "like", "a", "play", "on", "Broadway", ",", "''", "recalls", "Mr.", "Martinez", ".", "``", "Noriega", "managed", "the", "whole", "thing", ".", "He", "was", "superb", ".", "Noriega", "was", "an", "expert", "at", "bribing", "and", "blackmailing", "people", ".", "''", "During", "his", "years", "in", "Chiriqui", ",", "however", ",", "Mr.", "Noriega", "also", "revealed", "himself", "as", "an", "officer", "as", "perverse", "as", "he", "was", "ingenious", ".", "Rodrigo", "Miranda", ",", "a", "local", "lawyer", "and", "human-rights", "monitor", ",", "recalls", "an", "intoxicated", "Noriega", "visiting", "prisoners", "in", "their", "cells", "at", "the", "5th", "Zone", "Garrison", "headquarters", "in", "David", ",", "where", "he", "had", "his", "offices", ".", "Mr.", "Noriega", "would", "order", "them", "all", "to", "take", "off", "their", "clothes", "and", "run", "around", "the", "courtyard", "naked", ",", "laughing", "at", "them", "and", "then", "retreating", "to", "his", "office", ".", "``", "People", "started", "wondering", "if", "something", "was", "wrong", "with", "him", ",", "''", "Mr.", "Miranda", "recalls", ".", "But", "through", "this", "period", ",", "so", "far", "as", "the", "U.S.", "military", "was", "concerned", ",", "Mr.", "Noriega", "was", "a", "model", "recruit", ".", "He", "signed", "up", "for", "intelligence", "and", "counter-intelligence", "training", "under", "American", "officers", "at", "Fort", "Gulick", "in", "Panama", "in", "July", "1967", ",", "according", "to", "a", "copy", "of", "a", "1983", "resume", "with", "details", "Mr.", "Noriega", "has", "since", "classified", "as", "secret", ".", "He", "flew", "to", "Fort", "Bragg", ",", "N.C.", ",", "in", "September", "of", "that", "year", "for", "a", "course", "in", "psychological", "operations", ",", "returning", "to", "the", "School", "of", "the", "Americas", "in", "Panama", "for", "a", "two-month", "course", "called", "``", "military", "intelligence", "for", "officers", ".", "''", "Some", "American", "officers", "interpreted", "his", "eagerness", "and", "studiousness", "as", "a", "sign", "of", "loyalty", ",", "but", "they", "did", "so", "falsely", ".", "He", "rose", "to", "chief", "of", "intelligence", "in", "Panama", "'s", "socalled", "G-2", "in", "1970", "after", "providing", "populist", "dictator", "Torrijos", "the", "critical", "support", "to", "defeat", "a", "coup", "attempt", "against", "him", "a", "year", "earlier", ".", "He", "became", "Gen.", "Torrijos", "'s", "inseparable", "shadow", ",", "and", "the", "holder", "of", "all", "Panama", "'s", "secrets", ".", "Mr.", "Noriega", ",", "by", "now", "a", "lieutenant", "colonel", ",", "expanded", "his", "contacts", "to", "include", "the", "Cubans", "--", "not", "to", "mention", "the", "Israelis", ",", "the", "Taiwanese", "and", "any", "other", "intelligence", "service", "that", "came", "knocking", ".", "When", "U.S.", "diplomats", "complained", "to", "the", "CIA", "of", "Col.", "Noriega", "'s", "moonlighting", ",", "intelligence", "experts", "always", "insisted", "that", "his", "allegiance", "was", "first", "to", "the", "Americans", ".", "``", "Early", "on", "in", "the", "State", "Department", ",", "we", "took", "to", "calling", "him", "the", "rent-a-colonel", ",", "in", "tribute", "to", "his", "ability", "to", "simultaneously", "milk", "the", "antagonistic", "intelligence", "services", "of", "Cuba", "and", "the", "United", "States", ",", "''", "recalls", "Francis", "J.", "McNeil", ",", "who", ",", "as", "deputy", "assistant", "secretary", "of", "state", "for", "inter-American", "affairs", ",", "first", "ran", "across", "reports", "about", "Mr.", "Noriega", "in", "1977", ".", "``", "Some", "of", "us", "wondered", "how", "our", "intelligence", "people", "could", "put", "so", "much", "stock", "in", "his", "information", "when", "he", "was", "just", "as", "close", "to", "the", "Cubans", ".", "''", "Even", "at", "this", "early", "stage", ",", "drugs", "caused", "additional", "concerns", ".", "During", "the", "Nixon", "administration", ",", "the", "Drug", "Enforcement", "Administration", "became", "dismayed", "at", "the", "extent", "of", "the", "G-2", "'s", "connections", "to", "arrested", "drug", "traffickers", ".", "One", "DEA", "agent", "drew", "up", "a", "list", "of", "five", "options", "for", "dealing", "with", "Col.", "Noriega", ",", "one", "of", "which", "was", "assassination", ".", "The", "head", "of", "the", "DEA", "at", "the", "time", ",", "John", "Ingersoll", ",", "scotched", "the", "assassination", "plan", ".", "But", "he", "did", "fly", "to", "Panama", "to", "scold", "dictator", "Torrijos", "on", "the", "drug", "ties", "of", "Panamanian", "officials", ",", "including", "Mr.", "Noriega", ".", "Mr.", "Ingersoll", "later", "recalled", "that", "Gen.", "Torrijos", "seemed", "afraid", "to", "act", "on", "the", "concerns", "of", "the", "U.S.", ".", "``", "Everybody", "was", "afraid", "of", "him", ",", "''", "Mr.", "Ingersoll", "says", ".", "Mr.", "Noriega", "became", "an", "even", "greater", "threat", "in", "1976", ",", "when", "U.S.", "intelligence", "services", "discovered", "that", "he", "had", "been", "buying", "recordings", "of", "electronically", "monitored", "conversations", "from", "three", "sergeants", "working", "for", "the", "U.S.", "Army", "'s", "470th", "Military", "Intelligence", "Group", ".", "The", "tapes", "included", "wiretaps", "of", "Gen.", "Torrijos", "'s", "own", "phone", ",", "according", "to", "American", "intelligence", "officials", ".", "``", "We", "caught", "him", "with", "his", "hands", "on", "our", "cookie", "jar", ",", "''", "says", "former", "CIA", "Director", "Stansfield", "Turner", ".", "For", "the", "first", "time", ",", "the", "U.S.", "considered", "cutting", "Mr.", "Noriega", "from", "its", "intelligence", "payroll", "--", "and", "the", "deliberations", "were", "intense", ",", "Mr.", "Turner", "says", ".", "``", "In", "the", "world", "of", "intelligence", ",", "if", "you", "want", "to", "get", "information", ",", "you", "get", "it", "from", "seedy", "characters", ".", "The", "question", "is", "how", "much", "you", "get", "tied", "in", "with", "seedy", "characters", "so", "they", "can", "extort", "you", ".", "''", "Intelligence", "officials", "to", "this", "day", "worry", "whether", "Mr.", "Noriega", "sold", "sensitive", "information", "on", "the", "recordings", "to", "the", "Cubans", "or", "others", ".", "Mr.", "Turner", "was", "troubled", "enough", "to", "cancel", "the", "U.S.", "contract", "with", "the", "rent-a-colonel", "at", "the", "beginning", "of", "the", "Carter", "administration", ".", "The", "U.S.", "soon", "found", "new", "cause", "for", "concern", ":", "gun-running", ".", "Prosecutors", "in", "Southern", "Florida", "indicted", "five", "Panamanians", "on", "charges", "of", "illegally", "running", "arms", "to", "Sandinista", "rebels", "trying", "to", "overthrow", "the", "Nicaraguan", "government", "of", "Mr.", "Somoza", ".", "They", "included", "one", "of", "Mr.", "Noriega", "'s", "closest", "friends", "and", "business", "partners", ",", "Carlos", "Wittgreen", ".", "And", "the", "investigators", "were", "quickly", "closing", "in", "on", "Mr.", "Noriega", "himself", ".", "At", "the", "time", ",", "though", ",", "in", "1979", ",", "the", "U.S.", "was", "once", "again", "flirting", "with", "its", "longtime", "Latin", "American", "spy", ".", "Mr.", "Noriega", "made", "plans", "to", "fly", "to", "Washington", "for", "a", "meeting", "with", "his", "counterpart", "at", "the", "Pentagon", ".", "Dade", "County", "and", "federal", "authorities", ",", "learning", "that", "he", "intended", "to", "fly", "through", "Miami", ",", "made", "plans", "to", "arrest", "him", "on", "the", "gun-running", "charges", "as", "soon", "as", "he", "hit", "U.S.", "soil", ".", "It", "was", "a", "Friday", "in", "June", ".", "The", "Pentagon", "foiled", "the", "plan", ".", "According", "to", "military", "officers", "at", "the", "time", ",", "word", "was", "passed", "to", "Mr.", "Noriega", "by", "his", "American", "hosts", "that", "the", "police", "would", "be", "waiting", ".", "On", "Monday", ",", "U.S.", "officials", "received", "a", "routine", ",", "unclassified", "message", "from", "the", "military", "group", "commander", "in", "Panama", ".", "``", "Due", "to", "health", "reasons", ",", "Lt.", "Col.", "Noriega", "has", "elected", "to", "postpone", "his", "visit", "to", "Washington", ",", "''", "it", "read", ".", "Prosecutors", "in", "Miami", "received", "yet", "another", "setback", ".", "Their", "original", "indictment", "against", "Mr.", "Wittgreen", ",", "the", "friend", "of", "Mr.", "Noriega", ",", "and", "the", "other", "four", "was", "dismissed", "on", "a", "technicality", ".", "But", "now", ",", "along", "with", "reindicting", "Mr.", "Noriega", "'s", "pal", ",", "they", "intended", "to", "charge", "Mr.", "Noriega", "himself", ",", "on", "allegations", "that", "he", "was", "involved", "in", "the", "illegal", "trading", "of", "some", "$", "2", "million", "in", "arms", ".", "In", "January", "1980", ",", "Jerome", "Sanford", ",", "as", "assistant", "U.S.", "attorney", ",", "was", "summoned", "to", "a", "meeting", "with", "a", "Federal", "Bureau", "of", "Investigation", "agent", "assigned", "to", "the", "Bureau", "of", "Alcohol", ",", "Tobacco", "and", "Firearms", "in", "Miami", ".", "Panamanian", "dictator", "Torrijos", ",", "he", "was", "told", ",", "had", "granted", "the", "shah", "of", "Iran", "asylum", "in", "Panama", "as", "a", "favor", "to", "Washington", ".", "Mr.", "Sanford", "was", "told", "Mr.", "Noriega", "'s", "friend", ",", "Mr.", "Wittgreen", ",", "would", "be", "handling", "the", "shah", "'s", "security", ".", "It", "would", "n't", "be", "a", "good", "idea", "to", "indict", "him", "--", "much", "less", "Mr.", "Noriega", ",", "the", "prosecutor", "was", "told", ".", "After", "prodding", "from", "Mr.", "Sanford", ",", "U.S.", "Attorney", "Jack", "Eskenazi", "pleaded", "with", "Justice", "Department", "officials", "in", "Washington", "to", "let", "the", "indictment", "proceed", ".", "``", "Unfortunately", ",", "''", "Mr.", "Eskenazi", "wrote", "in", "a", "letter", ",", "``", "those", "of", "us", "in", "law", "enforcement", "in", "Miami", "find", "ourselves", "frequently", "attempting", "to", "enforce", "the", "laws", "of", "the", "United", "States", "but", "simultaneously", "being", "caught", "between", "foreign", "policy", "considerations", "over", "which", "we", "have", "no", "control", ".", "''", "The", "letter", ",", "along", "with", "a", "detailed", "prosecution", "memo", ",", "sat", "on", "the", "desks", "of", "Justice", "officials", "for", "months", "before", "the", "case", "died", "a", "quiet", "death", ".", "``", "I", "think", "if", "we", "had", "been", "allowed", "to", "go", "ahead", "then", "we", "would", "n't", "have", "the", "problems", "we", "have", "now", ",", "''", "Mr.", "Sanford", "says", ".", "``", "If", "he", "had", "been", "found", "guilty", ",", "we", "could", "have", "stopped", "him", ".", "''", "In", "August", "1983", ",", "Mr.", "Noriega", "took", "over", "as", "General", "and", "de-facto", "dictator", "of", "Panama", ",", "having", "maneuvered", "his", "way", "to", "the", "top", "only", "two", "years", "after", "the", "mysterious", "death", "in", "a", "plane", "crash", "of", "his", "old", "boss", "Omar", "Torrijos", ".", "Soon", ",", "the", "military", "became", "a", "veritable", "mafia", "controlling", "legal", "and", "illegal", "businesses", ".", "The", "Reagan", "administration", "also", "put", "Mr.", "Noriega", "'s", "G-2", "back", "on", "the", "U.S.", "payroll", ".", "Payments", "averaged", "nearly", "$", "200,000", "a", "year", "from", "the", "U.S.", "Defense", "Intelligence", "Agency", "and", "the", "CIA", ".", "Although", "working", "for", "U.S.", "intelligence", ",", "Mr.", "Noriega", "was", "hardly", "helping", "the", "U.S.", "exclusively", ".", "During", "the", "Reagan", "years", "he", "expanded", "his", "business", "and", "intelligence", "contacts", "with", "the", "Cubans", "and", "the", "Sandinistas", ".", "He", "allegedly", "entered", "into", "Panama", "'s", "first", "formal", "business", "arrangement", "with", "Colombian", "drug", "bosses", ",", "according", "to", "Floyd", "Carlton", ",", "a", "pilot", "who", "once", "worked", "for", "Mr.", "Noriega", "and", "who", "testified", "before", "the", "U.S.", "grand", "jury", "in", "Miami", "that", "would", "ultimately", "indict", "the", "Panamanian", "on", "drug", "charges", ".", "But", "Mr.", "Noriega", "was", "convinced", "the", "Reagan", "White", "House", "would", "n't", "act", "against", "him", ",", "recalls", "his", "close", "ally", "Jose", "Blandon", ",", "because", "he", "had", "an", "insurance", "policy", ":", "his", "involvement", "with", "the", "Contra", "rebels", "in", "Nicaragua", ".", "Mr.", "Blandon", "says", "the", "general", "allowed", "the", "Contras", "to", "set", "up", "a", "secret", "training", "center", "in", "Panama", ".", "Mr.", "Noriega", "also", "conveyed", "intelligence", "from", "his", "spy", "operation", "inside", "the", "Nicaraguan", "capital", "of", "Managua", ".", "And", "on", "at", "least", "one", "occasion", ",", "in", "the", "spring", "of", "1985", ",", "he", "helped", "arrange", "a", "sabotage", "attack", "on", "a", "Sandinista", "arsenal", "in", "Nicaragua", ".", "Although", ",", "his", "help", "for", "the", "Contra", "cause", "was", "limited", ",", "it", "was", "enough", "to", "win", "him", "important", "protectors", "in", "the", "Reagan", "administration", ",", "says", "Sen.", "Patrick", "Leahy", ",", "a", "Vermont", "Democrat", "who", "then", "served", "on", "the", "Senate", "Intelligence", "Committee", ".", "``", "Noriega", "played", "U.S.", "intelligence", "agencies", "and", "the", "U.S.", "government", "like", "a", "violin", ",", "''", "he", "says", ".", "An", "incident", "in", "1984", "suggested", "one", "additional", "means", "by", "which", "Mr.", "Noriega", "might", "have", "maintained", "such", "influence", "with", "Washington", "--", "by", "compromising", "U.S.", "officials", ".", "Curtin", "Windsor", ",", "then", "the", "ambassador", "to", "Costa", "Rica", ",", "recalls", "being", "invited", "to", "Panama", "by", "Mr.", "Noriega", "'s", "brother", "Luis", "Carlos", "for", "a", "weekend", "of", "deep", "sea", "fishing", "and", "``", "quiet", ",", "serious", "conversation", "''", "on", "the", "Aswara", "Peninsula", ".", "Mr.", "Windsor", "notified", "Everett", "E.", "Briggs", ",", "the", "U.S.", "ambassador", "to", "Panama", ",", "of", "the", "invitation", ".", "``", "Briggs", "screamed", ",", "''", "Mr.", "Windsor", "recalls", ".", "He", "says", "Mr.", "Briggs", "told", "him", "he", "was", "being", "set", "up", "for", "a", "``", "honey", "trap", ",", "''", "in", "which", "Mr.", "Noriega", "would", "try", "to", "involve", "him", "in", "an", "orgy", "and", "then", "record", "the", "event", "``", "with", "sound", "and", "video", ".", "''", "Mr.", "Briggs", ",", "on", "vacation", "after", "resigning", "his", "position", "at", "the", "National", "Security", "Council", ",", "could", "n't", "be", "reached", "for", "comment", ".", "As", "Mr.", "Noriega", "'s", "political", "troubles", "grew", ",", "so", "did", "his", "offers", "of", "assistance", "to", "the", "Contras", ",", "an", "apparent", "attempt", "to", "curry", "more", "favor", "in", "Washington", ".", "For", "instance", ",", "he", "helped", "steal", "the", "May", "1984", "Panamanian", "elections", "for", "the", "ruling", "party", ".", "But", "just", "one", "month", "later", ",", "he", "also", "contributed", "$", "100,000", "to", "a", "Contra", "leader", ",", "according", "to", "documents", "released", "for", "Oliver", "North", "'s", "criminal", "trial", "in", "Washington", ",", "D.C", ".", "Yet", ",", "his", "political", "setbacks", "mounted", ".", "Mr.", "Noriega", "was", "accused", "of", "ordering", "in", "1985", "the", "beheading", "of", "Hugo", "Spadafora", ",", "his", "most", "outspoken", "political", "opponent", "and", "the", "first", "man", "to", "publicly", "finger", "Mr.", "Noriega", "on", "drug", "trafficking", "charges", ".", "He", "then", "ousted", "President", "Nicholas", "Ardito", "Barletta", ",", "a", "former", "World", "Bank", "official", "with", "close", "ties", "to", "the", "U.S.", ",", "after", "Mr.", "Barletta", "tried", "to", "create", "a", "commission", "to", "investigate", "the", "murder", ".", "And", ",", "all", "the", "while", ",", "Panama", "'s", "debt", "problems", "continued", "to", "grow", ".", "Mr.", "Noriega", "was", "growing", "desperate", ".", "In", "late", "1986", ",", "he", "made", "an", "offer", "he", "thought", "the", "U.S.", "could", "n't", "refuse", ".", "As", "recounted", "in", "a", "stipulation", "that", "summarized", "government", "documents", "released", "for", "the", "North", "trial", ",", "Mr.", "Noriega", "offered", "to", "assassinate", "the", "Sandinista", "leadership", "in", "exchange", "``", "for", "a", "promise", "to", "help", "clean", "up", "Noriega", "'s", "image", "and", "a", "commitment", "to", "lift", "the", "-LCB-", "U.S.", ".", "-RCB-", "ban", "on", "military", "sales", "to", "the", "Panamanian", "Defense", "Forces", ".", "''", "``", "North", ",", "''", "the", "document", "went", "on", ",", "referring", "to", "Oliver", "North", ",", "``", "has", "told", "Noriega", "'s", "representative", "that", "U.S.", "law", "forbade", "such", "actions", ".", "The", "representative", "responded", "that", "Noriega", "had", "numerous", "assets", "in", "place", "in", "Nicaragua", "and", "could", "accomplish", "many", "essential", "things", ",", "just", "as", "Noriega", "had", "helped", "-LCB-", "the", "U.S.", ".", "-RCB-", "the", "previous", "year", "in", "blowing", "up", "a", "Sandinista", "arsenal", ".", "''", "Col.", "North", "conveyed", "the", "request", "to", "his", "superiors", "and", "to", "Assistant", "Secretary", "of", "State", "Elliot", "Abrams", ",", "who", "relayed", "it", "to", "Secretary", "of", "State", "George", "Shultz", ".", "Mr.", "Noriega", "'s", "proposal", "was", "turned", "down", ".", "And", "Mr.", "Shultz", "curtly", "told", "Mr.", "Abrams", "that", "the", "general", "should", "be", "told", "that", "only", "he", "could", "repair", "his", "tarnished", "image", ".", "The", "end", "of", "the", "marriage", "was", "at", "hand", ".", "Within", "weeks", "the", "unfolding", "Iran-Contra", "scandal", "took", "away", "Mr.", "Noriega", "'s", "insurance", "policy", ".", "The", "death", "of", "CIA", "Director", "William", "Casey", "and", "resignation", "of", "Oliver", "North", "allowed", "anti-Noriega", "political", "forces", "to", "gain", "influence", ".", "Public", "protests", "against", "him", "were", "triggered", "in", "June", "1987", "due", "to", "charges", "by", "Diaz", "Herrera", ",", "his", "former", "chief", "of", "staff", ",", "that", "Mr.", "Noriega", "had", "stolen", "the", "1984", "election", "and", "had", "ordered", "the", "killing", "of", "Messrs.", "Spadafora", "and", "Torrijos", ".", "Few", "American", "officials", "were", "willing", "any", "longer", "to", "defend", "him", ".", "Lawyers", "in", "Miami", "--", "this", "time", "working", "virtually", "without", "impediment", "--", "prepared", "to", "have", "him", "indicted", "on", "drug", "charges", "in", "February", "1988", ".", "During", "negotiations", "with", "American", "officials", "in", "May", "1988", "over", "proposals", "to", "drop", "the", "U.S.", "indictments", "in", "exchange", "for", "his", "resignation", ",", "Mr.", "Noriega", "often", "asked", "almost", "plaintively", "how", "the", "Americans", ",", "whom", "he", "had", "helped", "for", "so", "many", "years", ",", "could", "turn", "against", "him", ".", "Now", ",", "neither", "side", "--", "the", "U.S.", "nor", "Mr.", "Noriega", "--", "has", "an", "easy", "out", ".", "President", "Bush", "has", "sworn", "to", "bring", "him", "to", "justice", ".", "Mr.", "Noriega", "believes", "he", "has", "n't", "any", "alternative", "but", "to", "continue", "clutching", "to", "power", ".", "It", "is", "a", "knock-out", "battle", "--", "perhaps", "to", "the", "death", ".", "In", "the", "end", ",", "is", "Mr.", "Noriega", "the", "political", "equivalent", "of", "Frankenstein", "'s", "monster", ",", "created", "by", "a", "well-intentioned", "but", "misguided", "foreign", "power", "?", "Not", "quite", ",", "Sen.", "Leahy", "contends", ".", "``", "For", "short-term", "gains", ",", "people", "were", "willing", "to", "put", "up", "with", "him", ".", "That", "allowed", "him", "to", "get", "stronger", "and", "stronger", ",", "''", "he", "says", ".", "``", "I", "do", "n't", "think", "we", "created", "him", "as", "much", "as", "we", "fed", "him", ",", "nurtured", "him", "and", "let", "him", "grow", "up", "to", "be", "big", "and", "strong", "." ]
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"Commission", "filing", "fees", "would", "rise", "by", "25", "%", "to", "fund", "a", "$", "26", "million", "increase", "in", "the", "agency", "'s", "budget", ".", "Yesterday", "'s", "vote", "on", "Japanese-American", "reparations", "ensures", "final", "enactment", "of", "the", "entitlement", "provision", ",", "which", "abandons", "earlier", "efforts", "to", "find", "offsetting", "cuts", "but", "is", "seen", "as", "a", "more", "realistic", "path", "to", "expediting", "compensation", "first", "authorized", "in", "1988", ".", "``", "The", "only", "way", "to", "reduce", "the", "costs", "is", "to", "say", "we", "do", "n't", "want", "to", "pay", "the", "bill", ",", "''", "said", "Rep.", "Neal", "Smith", "(", "D.", ",", "Iowa", ")", ",", "who", "taunted", "President", "Bush", "'s", "party", "to", "back", "up", "his", "campaign", "promise", "of", "supporting", "the", "claims", "of", "$", "20,000", "per", "individual", ".", "``", "Read", "my", "lips", ",", "''", "said", "Mr.", "Smith", ".", "``", "If", "you", "'re", "for", "paying", "the", "claims", "...", "I", "do", "n't", "know", "how", "anyone", "can", "oppose", "this", ".", "''", "No", "payments", "would", "be", "made", "this", "year", ",", "but", "beginning", "in", "fiscal", "1991", ",", "the", "bill", "commits", "the", "government", "to", "annual", "payments", "of", "as", "much", "as", "$", "500", "million", "until", "the", "total", "liability", "of", "$", "1.25", "billion", "is", "met", ".", "The", "issue", "has", "assumed", "some", "of", "the", "character", "of", "past", "civil-rights", "debates", "and", "reopens", "old", "regional", "divisions", "in", "the", "Democratic", "majority", ".", "As", "much", "as", "Republicans", "led", "the", "opposition", ",", "among", "the", "53", "Democrats", "voting", "against", "treating", "the", "payments", "as", "an", "entitlement", ",", "42", "came", "from", "the", "13", "states", "in", "the", "Old", "Dixiecrat", "South", "and", "its", "borders", ".", "The", "odd", "mix", "of", "departments", "in", "the", "underlying", "bill", "makes", "it", "one", "of", "the", "more", "eclectic", "of", "the", "annual", "appropriations", "measures", ",", "and", "it", "is", "a", "lightning", "rod", "for", "a", "running", "battle", "over", "the", "fate", "of", "the", "Legal", "Services", "Corp", ".", "The", "measure", "provides", "$", "321", "million", "to", "maintain", "services", "but", "would", "sharply", "curb", "the", "power", "of", "the", "current", "board", "until", "successors", "are", "agreed", "to", "by", "the", "Bush", "administration", ".", "The", "conservative", "bent", "of", "the", "incumbent", "appointees", ",", "named", "by", "former", "President", "Reagan", ",", "has", "divided", "Republicans", ".", "And", "on", "back-to-back", "roll", "calls", ",", "206-199", "and", "223-178", ",", "the", "Appropriations", "Committee", "leadership", "turned", "back", "efforts", "to", "weaken", "or", "strip", "the", "proposed", "restrictions", "first", "added", "by", "Sen.", "Warren", "Rudman", "(", "R.", ",", "N.H.", ")", "The", "estimated", "$", "40", "million", "from", "the", "new", "pre-merger", "notification", "fee", "would", "be", "divided", "between", "the", "Justice", "Department", "'s", "Antitrust", "Division", "and", "the", "Federal", "Trade", "Commission", ",", "which", "both", "face", "serious", "cuts", "if", "the", "income", "is", "n't", "realized", ".", "The", "Federal", "Bureau", "of", "Investigation", "is", "slated", "to", "receive", "$", "30", "million", "by", "charging", "for", "fingerprint", "services", "in", "civil", "cases", ",", "and", "the", "judiciary", "will", "rely", "on", "another", "$", "32", "million", "from", "bankruptcy", "charges", ",", "including", "a", "33", "%", "increase", "in", "the", "current", "filing", "fee", ".", "The", "$", "17.2", "billion", "total", "for", "the", "bill", "does", "n't", "include", "an", "estimated", "$", "1.2", "billion", "in", "supplemental", "anti-drug", "funds", "approved", "by", "the", "House-Senate", "conference", "yesterday", ",", "and", "the", "rush", "of", "money", "is", "already", "provoking", "jealousy", "among", "states", "competing", "for", "assistance", ".", "The", "House", "agreed", "to", "defer", "for", "a", "year", "a", "scheduled", "50", "%", "increase", "in", "the", "required", "state", "matching", "funds", "for", "law-enforcement", "grants", "but", ",", "by", "a", "287-123", "margin", ",", "the", "chamber", "stripped", "a", "Senate", "initiative", "to", "raise", "the", "minimum", "grant", "for", "smaller", "states", ",", "such", "as", "New", "Hampshire", "and", "Delaware", ",", "to", "$", "1.6", "million", "from", "$", "500,000", ".", "Few", "are", "more", "powerful", "in", "the", "competition", "for", "funds", "than", "the", "appropriations", "committees", "themselves", "--", "including", "the", "three", "authors", "of", "the", "Gramm-Rudman-Hollings", "deficit-reduction", "law", ".", "When", "a", "House-Senate", "conference", "on", "yesterday", "'s", "bill", "rescinded", "$", "11.8", "million", "in", "unexpended", "funds", "for", "a", "Fort", "Worth", ",", "Texas", ",", "economic", "development", "project", "backed", "by", "former", "Speaker", "James", "Wright", ",", "Sen.", "Phil", "Gramm", "(", "R.", ",", "Texas", ")", "insisted", "last", "week", "that", "the", "money", "be", "preserved", ".", "The", "measure", "includes", "$", "2", "million", "secured", "by", "Mr.", "Rudman", "for", "a", "marine-research", "project", "at", "the", "University", "of", "New", "Hampshire", ",", "and", "Sen.", "Ernest", "Hollings", "(", "D.", ",", "S.C", ".", ")", "used", "his", "power", "to", "add", "$", "10", "million", "for", "an", "advanced", "technology", "initiative", "in", "the", "Commerce", "Department", ".", "This", "was", "in", "addition", "to", "a", "more", "parochial", "$", "4.5", "million", "authorization", "for", "a", "health", "center", "in", "South", "Carolina", "upheld", "by", "a", "273-121", "vote", "in", "the", "House", "last", "night", "." ]
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[ "John", "B.", "Curcio", ",", "55", "years", "old", ",", "resigned", "as", "chairman", "of", "this", "diesel", "truck", "manufacturer", ",", "effective", "upon", "appointment", "of", "a", "successor", ".", "Last", "month", ",", "Mr.", "Curcio", "was", "succeeded", "by", "Ralph", "E.", "Reins", "as", "chief", "executive", "officer", "following", "several", "quarters", "of", "lackluster", "or", "declining", "performance", "." ]
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[ "compound", "compound", "nsubj", "punct", "nummod", "obl:npmod", "amod", "punct", "root", "case", "obl", "case", "det", "amod", "compound", "nmod", "punct", "case", "case", "advcl", "case", "det", "nmod", "punct", "amod", "obl:tmod", "punct", "compound", "nsubj:pass", "aux:pass", "root", "case", "compound", "compound", "obl", "case", "amod", "amod", "obl", "case", "amod", "obl", "case", "amod", "cc", "conj", "nmod", "punct" ]
[ "President", "Bush", "is", "considering", "casting", "a", "line-item", "veto", "as", "a", "test", "to", "determine", "whether", "the", "courts", "will", "rule", "that", "he", "has", "such", "authority", ".", "Mr.", "Bush", "has", "long", "campaigned", "for", "passage", "of", "a", "bill", "or", "a", "constitutional", "amendment", "that", "would", "explicitly", "give", "him", "a", "line-item", "veto", ",", "which", "would", "enable", "him", "to", "kill", "individual", "items", "in", "a", "big", "spending", "bill", "without", "having", "to", "kill", "the", "entire", "bill", ".", "He", "has", "argued", "that", "such", "presidential", "power", "is", "necessary", "to", "rein", "in", "congressional", "spending", ".", "But", "some", "analysts", ",", "particularly", "conservative", "legal", "scholars", ",", "have", "urged", "Mr.", "Bush", "not", "to", "wait", "for", "explicit", "authorization", "but", "simply", "to", "assert", "that", "the", "Constitution", "already", "implicitly", "gives", "him", "the", "power", "to", "exercise", "a", "line-item", "veto", ".", "Such", "an", "assertion", "most", "likely", "would", "bring", "about", "a", "court", "challenge", "from", "Congress", "that", "would", "clarify", "whether", "a", "president", "already", "has", "such", "power", ".", "White", "House", "spokesman", "Marlin", "Fitzwater", ",", "confirming", "comments", "made", "this", "week", "by", "Vice", "President", "Dan", "Quayle", ",", "said", "Mr.", "Bush", "is", "``", "interested", "''", "in", "finding", "a", "suitable", "test", "case", ".", "But", "he", "also", "said", "that", "exercising", "a", "test", "line-item", "veto", "is", "n't", "a", "``", "top", "initiative", "''", "on", "the", "president", "'s", "agenda", "because", "he", "faces", "more-pressing", "budget", "issues", "at", "the", "moment", "." ]
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[ "compound", "nsubj", "aux", "root", "advcl", "det", "amod", "obj", "case", "det", "obl", "mark", "acl", "mark", "det", "nsubj", "aux", "ccomp", "mark", "nsubj", "ccomp", "amod", "obj", "punct", "compound", "nsubj", "aux", "advmod", "root", "case", "obl", "case", "det", "nmod", "cc", "det", "amod", "conj", "nsubj", "aux", "advmod", "acl:relcl", "iobj", "det", "amod", "obj", "punct", "nsubj", "aux", "acl:relcl", "obj", "mark", "xcomp", "amod", "obj", "case", "det", "amod", "compound", "nmod", "mark", "advcl", "mark", "xcomp", "det", "amod", "obj", "punct", "nsubj", "aux", "root", "mark", "amod", "amod", "nsubj", "cop", "ccomp", "mark", "xcomp", "compound:prt", "amod", "obj", "punct", "cc", "det", "nsubj", "punct", "advmod", "amod", "amod", "appos", "punct", "aux", "root", "compound", "obj", "advmod", "mark", "xcomp", "case", "amod", "obl", "cc", "advmod", "mark", "conj", "mark", "det", "nsubj", "advmod", "advmod", "ccomp", "iobj", "det", "obj", "mark", "acl", "det", "amod", "obj", "punct", "det:predet", "det", "nsubj", "advmod", "advmod", "aux", "root", "compound:prt", "det", "compound", "obj", "case", "nmod", "nsubj", "aux", "acl:relcl", "mark", "det", "nsubj", "advmod", "ccomp", "amod", "obj", "punct", "compound", "compound", "compound", "compound", "nsubj", "punct", "advcl", "obj", "acl", "det", "obl:tmod", "case", "compound", "compound", "compound", "obl", "punct", "root", "compound", "nsubj", "cop", "punct", "ccomp", "punct", "mark", "advcl", "det", "amod", "compound", "obj", "punct", "cc", "nsubj", "advmod", "root", "mark", "csubj", "det", "compound", "amod", "obj", "cop", "advmod", "det", "punct", "amod", "ccomp", "punct", "case", "det", "nmod:poss", "case", "obl", "mark", "nsubj", "advcl", "amod", "compound", "obj", "case", "det", "obl", "punct" ]
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"back", "taxes", "has", "priority", "in", "the", "case", ".", "Hundreds", "of", "smaller", "creditors", "could", "get", "nothing", ",", "according", "to", "attorneys", "involved", ".", "While", "admitting", "such", "a", "move", "would", "be", "``", "devastating", "''", "to", "most", "creditors", ",", "Judge", "Abramson", "told", "a", "courtroom", "filled", "with", "nearly", "two", "dozen", "attorneys", "that", "he", "was", "concerned", "about", "the", "toll", "mounting", "legal", "bills", "will", "take", "on", "Mr.", "Hunt", "'s", "shrinking", "estate", "and", "about", "the", "fact", "that", ",", "following", "voting", "by", "creditors", ",", "none", "of", "the", "reorganization", "plans", "appeared", "to", "be", "viable", "in", "their", "present", "form", ".", "``", "It", "would", "be", "a", "shame", "to", "have", "a", "Chapter", "7", "after", "all", "the", "progress", "in", "this", "case", ",", "''", "said", "Judge", "Abramson", ".", "Under", "Chapter", "11", "of", "the", "Federal", "Bankruptcy", "Code", ",", "a", "company", "continues", "to", "operate", "under", "protection", "from", "creditors", "'", "lawsuits", "while", "it", "works", "out", "a", "plan", "to", "pay", "its", "debts", ".", "Under", "Chapter", "7", ",", "the", "assets", "of", "a", "company", "are", "sold", "off", "to", "pay", "creditors", ".", "Despite", "his", "reluctance", "to", "take", "the", "latter", "step", ",", "the", "judge", "indicated", "he", "would", "move", "quickly", "after", "hearing", "testimony", "later", "this", "week", "in", "the", "bitter", "dispute", "between", "Manufacturers", "Hanover", "Trust", "Co.", "and", "Minpeco", "S.A.", ",", "a", "minerals", "concern", "owned", "by", "the", "Peruvian", "governmemt", ".", "The", "Manufacturers", "Hanover", "Corp.", "unit", ",", "which", "is", "seeking", "repayment", "of", "a", "$", "36", "million", "loan", ",", "has", "asked", "the", "court", "to", "give", "its", "claim", "priority", "over", "that", "of", "Minpeco", ",", "which", "won", "a", "$", "132", "million", "judgment", "against", "Mr.", "Hunt", ",", "his", "brother", "Nelson", "Bunker", "Hunt", "and", "other", "defendants", "last", "year", "in", "a", "case", "stemming", "from", "their", "alleged", "attempts", "to", "corner", "the", "silver", "market", "in", "While", "claiming", "that", "penalties", ",", "legal", "fees", "and", "interest", "have", "driven", "the", "value", "of", "its", "claim", "to", "more", "than", "$", "250", "million", ",", "Minpeco", "has", "agreed", "to", "settle", "for", "an", "allowed", "claim", "of", "as", "much", "as", "$", "65.7", "million", ".", "But", "even", "that", "is", "disputed", "by", "Manufacturers", "Hanover", "which", ",", "in", "alliance", "with", "the", "IRS", ",", "contends", "that", "Minpeco", "has", "already", "collected", "more", "than", "its", "actual", "damages", "from", "other", "defendants", "in", "the", "silver-conspiracy", "case", ".", "Under", "prodding", "from", "Judge", "Abramson", ",", "a", "Minpeco", "executive", "flew", "in", "from", "Peru", "last", "week", "to", "talk", "directly", "with", "executives", "from", "Manufacturers", "Hanover", "on", "a", "settlement", ".", "Despite", "long", "private", "sessions", "in", "both", "New", "York", "and", "Dallas", ",", "the", "two", "sides", "ended", "the", "week", "``", "6,000", "miles", "and", "many", "dollars", "apart", ",", "''", "according", "to", "attorney", "Hugh", "Ray", ",", "who", "represents", "Manufacturers", "Hanover", ".", "Meanwhile", ",", "inside", "the", "courtroom", ",", "the", "judge", "said", "he", "would", "fine", "attorneys", "for", "the", "two", "creditors", "$", "50", "every", "time", "they", "referred", "to", "each", "other", "with", "terms", "such", "as", "``", "liar", "''", "or", "``", "slime", ".", "''", "All", "three", "major", "creditors", "--", "the", "IRS", ",", "Minpeco", "and", "Manufacturers", "Hanover", "--", "voted", "against", "and", "effectively", "doomed", "a", "reorganization", "plan", "proposed", "by", "Mr.", "Hunt", ".", "A", "reorganization", "plan", "proposed", "jointly", "by", "the", "IRS", "and", "Manufacturers", "Hanover", "was", "stalled", "by", "a", "negative", "vote", "from", "Minpeco", ".", "The", "mineral", "concern", "'s", "own", "reorganization", "plan", "met", "a", "similar", "fate", "after", "opposition", "from", "the", "IRS", "and", "Manufacturers", "Hanover", ".", "Neither", "plan", "is", "dead", ",", "however", ",", "and", "the", "judge", "could", "force", "creditors", "to", "accept", "some", "version", "of", "them", "after", "ruling", "on", "the", "Minpeco-Manufacturers", "Hanover", "dispute", ".", "Meanwhile", ",", "settlement", "negotiations", "continue", "between", "Mr.", "Hunt", "and", "the", "IRS", ",", "which", "has", "already", "reached", "a", "tentative", "agreement", "with", "Nelson", "Bunker", "Hunt", ".", "The", "two", "sides", "have", "been", "far", "apart", "on", "how", "much", "Herbert", "Hunt", "will", "continue", "to", "owe", "the", "government", "after", "his", "assets", "are", "sold", "." ]
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[ "case", "obl", "case", "amod", "cc", "conj", "nmod", "punct", "det", "amod", "nsubj", "amod", "obl:tmod", "root", "mark", "xcomp", "compound", "compound", "nmod:poss", "case", "compound", "nummod", "amod", "compound", "obj", "case", "det", "compound", "nummod", "obl", "punct", "compound", "compound", "compound", "nsubj", "root", "det", "obj", "mark", "nsubj", "mark", "acl", "det", "obj", "case", "nummod", "amod", "nmod", "advcl", "cc", "det", "nummod", "compound", "nsubj", "case", "det", "nmod", "conj", "case", "obl", "punct", "mark", "det", "nsubj:pass", "aux:pass", "advcl", "case", "obl", "nummod", "punct", "nsubj", "csubj:pass", "case", "det", "compound", "nmod:poss", "case", "amod", "obl", "punct", "advmod", "parataxis", "mark", "xcomp", "det", "obj", "case", "advmod", "fixed", "nmod", "compound", "nummod", "punct", "aux", "aux:pass", "root", "compound:prt", "advmod", "mark", "nsubj", "case", "det", "nmod", "advcl", "case", "det", "compound", "compound", "obl", "punct", 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"nsubj", "punct", "det", "dep", "punct", "conj", "cc", "compound", "conj", "punct", "root", "obl", "cc", "advmod", "conj", "det", "compound", "obj", "acl", "case", "compound", "obl", "punct", "det", "compound", "nsubj:pass", "acl", "advmod", "case", "det", "obl", "cc", "compound", "conj", "aux:pass", "root", "case", "det", "amod", "obl", "case", "nmod", "punct", "det", "compound", "nmod:poss", "case", "amod", "compound", "nsubj", "root", "det", "amod", "obj", "case", "obl", "case", "det", "nmod", "cc", "compound", "conj", "punct", "det", "nsubj", "cop", "root", "punct", "advmod", "punct", "cc", "det", "nsubj", "aux", "conj", "obj", "mark", "xcomp", "det", "obj", "case", "nmod", "mark", "advcl", "case", "det", "compound", "compound", "obl", "punct", "advmod", "punct", "compound", "nsubj", "root", "case", "compound", "obl", "cc", "det", "conj", "punct", "nsubj", "aux", "advmod", "acl:relcl", "det", "amod", "obj", "case", "compound", "compound", "nmod", "punct", "det", "nummod", "nsubj", "aux", "cop", "advmod", "advmod", "mark", "advmod", "advmod", "compound", "nsubj", "aux", "root", "mark", "xcomp", "det", "obj", "mark", "nmod:poss", "nsubj:pass", "aux:pass", "advcl", "punct" ]
[ "Cray", "Research", "Inc.", "said", "it", "sold", "one", "of", "its", "newest", "and", "largest", "computer", "systems", ",", "the", "Cray", "Y-MP/832", ",", "to", "the", "United", "Kingdom", "Meteorological", "Office", ".", "The", "system", "is", "the", "first", "to", "be", "sold", "through", "the", "joint", "marketing", "agreement", "between", "Cray", "and", "Control", "Data", "Corp", ".", "The", "supercomputer", ",", "which", "lists", "for", "$", "18.5", "million", ",", "will", "be", "installed", "in", "the", "first", "quarter", "of", "1990", "in", "the", "meteorological", "office", "'s", "headquarters", "in", "Bracknell", ",", "England", "." ]
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[ "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "obj", "case", "nmod:poss", "amod", "cc", "conj", "compound", "nmod", "punct", "det", "compound", "appos", "punct", "case", "det", "compound", "compound", "compound", "obl", "punct", "det", "nsubj", "cop", "det", "root", "mark", "aux:pass", "acl", "case", "det", "amod", "compound", "obl", "case", "nmod", "cc", "compound", "compound", "conj", "punct", "det", "nsubj:pass", "punct", "nsubj", "acl:relcl", "case", "obl", "compound", "nummod", "punct", "aux", "aux:pass", "root", "case", "det", "amod", "obl", "case", "nmod", "case", "det", "amod", "nmod:poss", "case", "obl", "case", "nmod", "punct", "appos", "punct" ]
[ "Trading", "in", "Cineplex", "Odeon", "Corp.", "shares", "was", "halted", "on", "the", "New", "York", "and", "Toronto", "stock", "exchanges", "late", "yesterday", "afternoon", "at", "the", "company", "'s", "request", ",", "Toronto", "Stock", "Exchange", "officials", "said", ".", "Brian", "Hemming", ",", "a", "spokesman", "for", "the", "company", "'s", "committee", "of", "independent", "directors", ",", "established", "in", "May", "to", "solicit", "and", "evaluate", "offers", "for", "the", "company", ",", "said", "it", "was", "expected", "to", "make", "an", "announcement", "early", "this", "morning", ".", "But", "Mr.", "Hemming", "said", "he", "was", "n't", "aware", "of", "the", "nature", "of", "the", "talks", "under", "way", "between", "committee", "members", "and", "their", "advisers", ".", "Cineplex", "traded", "on", "the", "New", "York", "Stock", "Exchange", "at", "$", "11.25", "a", "share", ",", "up", "$", "1.125", ",", "before", "trading", "was", "halted", ".", "Analysts", "have", "speculated", "in", "recent", "days", "that", "the", "value", "of", "offers", "received", "by", "the", "committee", "fell", "well", "short", "of", "what", "they", "had", "hoped", ",", "or", "even", "that", "the", "company", "'s", "chairman", ",", "president", "and", "chief", "executive", "officer", ",", "Garth", "Drabinsky", ",", "is", "the", "only", "bidder", "for", "the", "company", "as", "a", "whole", ".", "The", "current", "effort", "to", "auction", "off", "the", "company", "was", "triggered", "by", "a", "dispute", "between", "Mr.", "Drabinsky", "and", "the", "Toronto-based", "movie", "chain", "'s", "major", "shareholder", ",", "MCA", "Inc", "." ]
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[ "Chase", "Manhattan", "Bank", "Chairman", "Willard", "Butcher", "is", "a", "conservative", "banker", "and", "a", "loyal", "Republican", ",", "but", "on", "Friday", "morning", "he", "had", "few", "kind", "words", "for", "President", "Bush", "'s", "economic", "policy-making", ".", "``", "There", "are", "some", "very", "significant", "issues", "out", "there", ",", "such", "as", "the", "fiscal", "deficit", ",", "the", "trade", "deficit", ",", "our", "relations", "with", "Japan", ",", "that", "have", "to", "be", "the", "subject", "of", "major", "initiatives", ",", "''", "he", "said", "in", "an", "interview", ".", "``", "I", "'d", "like", "to", "see", "that", "initiative", ",", "and", "I", "have", "n't", ".", "There", "is", "n't", "a", "big", "shot", ",", "an", "agenda", ".", "''", "A", "few", "hours", "later", ",", "the", "stock", "market", "dropped", "190", "points", ".", "Politicians", "tried", "to", "finger", "each", "other", "for", "the", "blame", ",", "although", "many", "analysts", "doubt", "that", "Washington", "was", "singly", "responsible", "for", "Wall", "Street", "'s", "woes", ".", "But", "Mr.", "Butcher", "'s", "comments", "make", "one", "thing", "clear", ":", "Some", "on", "Wall", "Street", "wonder", "if", "anyone", "is", "in", "charge", "of", "economic", "policy", ".", "Consider", "this", ":", "--", "By", "11:59", "p.m.", "tonight", ",", "President", "Bush", "must", "order", "$", "16", "billion", "of", "automatic", ",", "across-the-board", "cuts", "in", "government", "spending", "to", "comply", "with", "the", "Gramm-Rudman", "budget", "law", ".", "The", "cuts", "are", "necessary", "because", "Congress", "and", "the", "administration", "have", "failed", "to", "reach", "agreement", "on", "a", "deficit-cutting", "bill", ".", "``", "We", "simply", "do", "n't", "have", "strong", "leadership", "to", "try", "to", "reduce", "the", "deficit", "and", "make", "tough", "choices", ",", "''", "House", "Budget", "Committee", "Chairman", "Leon", "Panetta", "(", "D.", ",", "Calif", ".", ")", "said", "yesterday", "on", "NBC", "News", "'s", "``", "Meet", "the", "Press", ".", "''", "--", "For", "the", "last", "two", "weeks", ",", "the", "Bush", "administration", "and", "the", "Federal", "Reserve", "have", "been", "engaged", "in", "a", "semi-public", "battle", "over", "international", "economic", "policy", ".", "The", "administration", "has", "been", "trying", "to", "push", "the", "dollar", "lower", ";", "the", "Fed", "has", "been", "resisting", ".", "``", "One", "of", "the", "things", "that", "continues", "to", "worry", "me", "is", "this", "monetary", "warfare", "between", "the", "Treasury", "Department", "and", "the", "Federal", "Reserve", "Board", ",", "''", "said", "Lawrence", "Kudlow", ",", "a", "Bear", ",", "Stearns", "&", "Co.", "economist", ",", "on", "ABC", "'s", "``", "This", "Week", ".", "''", "--", "The", "administration", "has", "sent", "out", "confusing", "signals", "about", "its", "response", "to", "a", "recent", "spate", "of", "airline", "takeovers", ".", "Last", "month", ",", "Transportation", "Secretary", "Sam", "Skinner", "forced", "Northwest", "Airlines", "to", "reduce", "a", "stake", "held", "by", "KLM", "Royal", "Dutch", "Airlines", ".", "But", "he", "has", "since", "run", "into", "opposition", "from", "the", "Treasury", "and", "the", "White", "House", "over", "that", "decision", ".", "And", "he", "has", "kept", "mum", "on", "how", "his", "decision", "might", "affect", "a", "bid", "for", "United", "Airlines", ",", "which", "includes", "a", "big", "stake", "by", "British", "Airways", "PLC", ".", "Some", "analysts", "say", "uncertainty", "about", "Washington", "'s", "anti-takeover", "policy", "was", "one", "reason", "that", "financing", "for", "the", "United", "Airlines", "takeover", "fell", "through", "--", "the", "event", "that", "triggered", "the", "market", "drop", ".", "In", "many", "ways", ",", "the", "backdrop", "to", "Friday", "'s", "stock", "decline", "is", "eerily", "similar", "to", "that", "of", "October", "1987", "'s", "508-point", "crash", ".", "Then", ",", "as", "now", ",", "the", "budget", "debate", "was", "behind", "schedule", "and", "automatic", "spending", "cuts", "were", "within", "days", "of", "taking", "hold", ".", "The", "Treasury", "was", "locked", "in", "a", "battle", "over", "international", "economic", "policy", ",", "although", "at", "that", "time", "it", "was", "with", "West", "German", "officials", "rather", "than", "the", "Federal", "Reserve", ".", "And", "concern", "about", "official", "actions", "aimed", "at", "takeovers", "--", "then", "by", "the", "tax-writing", "House", "Ways", "and", "Means", "Committee", "rather", "than", "the", "Transportation", "Department", "--", "were", "making", "markets", "nervous", ".", "The", "1987", "crash", "brought", "the", "Reagan", "administration", "and", "Democratic", "lawmakers", "to", "the", "table", "for", "the", "first", "budget", "summit", ",", "resulting", "in", "a", "two-year", "plan", "to", "reduce", "the", "deficit", "by", "more", "than", "$", "76", "billion", "--", "even", "though", "the", "deficit", "actually", "rose", "by", "nearly", "$", "12", "billion", "during", "that", "period", ".", "But", ",", "barring", "further", "drops", "in", "the", "market", "this", "week", ",", "a", "similar", "outcome", "does", "n't", "seem", "likely", "this", "year", ".", "Lawmakers", "and", "administration", "officials", "agree", "that", "Friday", "'s", "drop", ",", "by", "itself", ",", "is", "n't", "enough", "to", "force", "both", "sides", "back", "to", "the", "table", "to", "try", "to", "reach", "a", "deficit-reduction", "agreement", "that", "would", "be", "more", "serious", "and", "more", "far-reaching", "than", "last", "spring", "'s", "gimmick-ridden", "plan", ",", "which", "still", "is", "n't", "fully", "implemented", ".", "One", "of", "the", "biggest", "reasons", "that", "new", "talks", "are", "n't", "likely", "to", "come", "about", "is", "that", ",", "as", "everyone", "learned", "in", "1987", ",", "the", "economy", "and", "the", "market", "can", "survive", "a", "one-day", "508-point", "tumble", ".", "``", "Everybody", "thought", "we", "were", "looking", "at", "a", "repetition", "of", "1929", ",", "that", "we", "were", "looking", "at", "a", "recession", ",", "''", "Rep.", "Panetta", "said", "yesterday", "in", "an", "interview", ".", "``", "That", "did", "not", "happen", ".", "They", "learned", "they", "could", "survive", "it", "without", "much", "problem", ".", "''", "But", "administration", "officials", "privately", "agree", "with", "Mr.", "Panetta", ",", "who", "said", "a", "precipitous", "drop", "this", "week", "``", "is", "going", "to", "force", "the", "president", "and", "Congress", "to", "take", "a", "much", "harder", "look", "at", "fiscal", "policy", ".", "''", "In", "that", "case", ",", "there", "will", "be", "plenty", "of", "blame", "to", "go", "around", ".", "``", "There", "is", "an", "underlying", "concern", "on", "the", "part", "of", "the", "American", "people", "--", "and", "there", "should", "be", "-", "that", "the", "administration", "has", "not", "gone", "far", "enough", "in", "cutting", "this", "deficit", "and", "that", "Congress", "has", "been", "unwilling", "to", "cut", "what", "the", "administration", "asked", "us", "to", "cut", ",", "''", "said", "Senate", "Finance", "Committee", "Chairman", "Lloyd", "Bentsen", "(", "D.", ",", "Texas", ")", ".", "Nevertheless", ",", "it", "clearly", "will", "take", "more", "than", "Friday", "'s", "190-point", "decline", "to", "overcome", "the", "bitter", "feelings", "that", "have", "developed", "between", "lawmakers", "and", "White", "House", "Budget", "Director", "Richard", "Darman", "over", "the", "capital-gains", "fight", ".", "Hill", "Democrats", "are", "particularly", "angry", "over", "Mr.", "Bush", "'s", "claim", "that", "the", "capital-gains", "cut", "was", "part", "of", "April", "'s", "budget", "accord", "and", "his", "insistence", "on", "combining", "it", "with", "the", "deficit-reduction", "legislation", ".", "``", "There", "is", "no", "prospect", "of", "any", "so-called", "grand", "compromise", "or", "deal", "next", "year", "because", "the", "administration", "simply", "did", "n't", "live", "up", "to", "this", "year", "'s", "deal", ",", "''", "Senate", "Majority", "Leader", "George", "Mitchell", "(", "D.", ",", "Maine", ")", "said", "yesterday", "on", "CBS", "News", "'s", "``", "Face", "the", "Nation", ".", "''", "During", "last", "week", "'s", "maneuverings", "on", "the", "deficit-cutting", "bill", "and", "the", "capital-gains", "issue", ",", "there", "were", "signs", "that", "Senate", "Republicans", "and", "the", "administration", "were", "at", "odds", ".", "At", "the", "very", "moment", "that", "Senate", "Republicans", "were", "negotiating", "a", "deal", "to", "exclude", "capital", "gains", "from", "the", "deficit-reduction", "legislation", ",", "White", "House", "spokesman", "Marlin", "Fitzwater", "told", "reporters", "that", "it", "was", "the", "president", "'s", "policy", "to", "include", "it", ".", "When", "an", "agreement", "was", "reached", "to", "strip", "capital", "gains", "from", "the", "legislation", ",", "Oregon", "Sen.", "Bob", "Packwood", ",", "the", "ranking", "GOP", "member", "of", "the", "tax-writing", "Senate", "Finance", "Committee", ",", "hailed", "it", ".", "Asked", "if", "the", "administration", "agreed", ",", "he", "curtly", "replied", ":", "``", "The", "adminstration", "will", "have", "to", "speak", "for", "itself", ".", "''", "Friday", "'s", "market", "tumble", "could", "spur", "action", "on", "reconciling", "the", "House", "and", "Senate", "versions", "of", "the", "deficit-reduction", "measure", ",", "a", "process", "that", "is", "n't", "expected", "to", "begin", "until", "tomorrow", "at", "the", "soonest", ".", "Senate", "Republicans", "expressed", "the", "hope", "that", "the", "House", "would", "follow", "the", "lead", "of", "the", "Senate", ",", "which", "on", "Friday", "agreed", "to", "drop", "a", "variety", "of", "spending", "measures", "and", "tax", "breaks", "that", "would", "have", "increased", "the", "fiscal", "1990", "deficit", ".", "``", "The", "market", "needs", "a", "strong", "signal", "that", "we", "'re", "serious", "about", "deficit", "reduction", ",", "and", "the", "best", "way", "to", "do", "that", "is", "for", "the", "House", "of", "Representatives", "to", "strip", "their", "bill", "''", "of", "similar", "provisions", ",", "Sen.", "Warren", "Rudman", "(", "R.", ",", "N.H", ".", ")", ".", "said", "yesterday", ".", "The", "White", "House", "Office", "of", "Management", "and", "Budget", ",", "whose", "calculations", "determine", "whether", "the", "Gramm-Rudman", "targets", "are", "met", ",", "estimated", "that", "the", "House-passed", "deficit-reduction", "measure", "would", "cut", "the", "fiscal", "1990", "shortfall", "by", "$", "6.2", "billion", ",", "almost", "half", "of", "the", "Congressional", "Budget", "Office", "'s", "estimate", "of", "$", "11.0", "billion", ".", "Rep.", "Panetta", "said", "that", "OMB", "'s", "figure", "would", "still", "be", "enough", "to", "avoid", "permanent", "across-the-board", "cuts", ",", "but", "added", ":", "``", "We", "'re", "getting", "very", "close", "to", "the", "margins", "here", ".", "''", "No", "one", "in", "Washington", "was", "willing", "to", "take", "the", "blame", "for", "provoking", "Friday", "'s", "drop", "in", "the", "stock", "market", ".", "But", "some", "players", "were", "quick", "to", "seize", "the", "moment", ".", "Before", "the", "sun", "had", "set", "on", "Friday", ",", "Richard", "Rahn", ",", "the", "supply-side", "chief", "economist", "of", "the", "U.S.", "Chamber", "of", "Commerce", ",", "issued", "a", "statement", "attributing", "the", "drop", "in", "stock", "prices", "to", "the", "Senate", "decision", "to", "postpone", "action", "on", "capital", "gains", ".", "``", "Investors", ",", "who", "had", "been", "holding", "assets", "in", "anticipation", "of", "a", "more", "favorable", "time", "to", "sell", ",", "were", "spooked", ",", "''", "he", "said", ".", "``", "There", "have", "been", "many", "preposterous", "reasons", "advanced", "to", "support", "a", "capital-gains", "tax", "cut", ",", "''", "Sen.", "Mitchell", "said", "during", "his", "television", "appearance", ",", "``", "but", "I", "suggest", "that", "is", "perhaps", "more", "than", "any", "of", "the", "others", "." ]
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"NSC", "staff", "had", "spun", "out", "of", "control", "and", "nearly", "wrecked", "President", "Reagan", "'s", "second", "term", ".", "So", ",", "following", "both", "the", "style", "he", "pursued", "as", "President", "Ford", "'s", "national", "security", "adviser", "and", "the", "recommendations", "of", "the", "Tower", "Commission", ",", "Gen.", "Scowcroft", "has", "pruned", "the", "NSC", "staff", "and", "tried", "to", "ensure", "that", "it", "sticks", "to", "its", "assigned", "tasks", "--", "namely", ",", "gathering", "the", "views", "of", "the", "State", "Department", ",", "Pentagon", "and", "intelligence", "community", ";", "serving", "as", "an", "honest", "broker", "in", "distilling", "that", "information", "for", "the", "president", "and", "then", "making", "sure", "presidential", "decisions", "are", "carried", "out", ".", "The", "Tower", "Commission", "specifically", "said", "that", "the", "NSC", "staff", "should", "be", "``", "small", "''", "and", "warned", "against", 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"flowed", "smoothly", "between", "the", "president", "and", "the", "State", "Department", ",", "Pentagon", "and", "intelligence", "agencies", ".", "By", "law", ",", "the", "council", "includes", "the", "president", ",", "vice", "president", "and", "secretaries", "of", "state", "and", "defense", ".", "In", "practice", ",", "the", "director", "of", "central", "intelligence", "and", "chairman", "of", "the", "Joint", "Chiefs", "of", "Staff", "also", "serve", "as", "unofficial", "members", ".", "But", "the", "size", ",", "shape", "and", "role", "of", "the", "NSC", "staff", "have", "been", "left", "for", "each", "president", "and", "his", "national", "security", "adviser", "to", "decide", ".", "That", "task", "is", "one", "of", "Washington", "'s", "perennial", "problems", ".", "In", "the", "Bush", "White", "House", ",", "the", "size", "of", "the", "NSC", "'s", "staff", "of", "professional", "officers", "is", "down", "to", "about", "50", "from", "about", "70", "in", "1987", ",", 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"has", ",", "Gen.", "Scowcroft", "now", "will", "have", "to", "mull", "at", "what", "point", "the", "NSC", "staff", "becomes", "too", "lean", "and", "too", "restrained", "." ]
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[ "Duriron", "Co.", "said", "it", "has", "agreed", "to", "buy", "Automax", "Inc.", ",", "a", "Cincinnati", "maker", "of", "control", "accessories", "for", "industrial", "valves", ".", "Terms", "were", "n't", "disclosed", ",", "but", "Duriron", "said", "the", "deal", "will", "be", "completed", "through", "an", "exchange", "of", "stock", ".", "Closely", "held", "Automax", "has", "annual", "sales", "of", "about", "$", "10", "million", ".", "Duriron", ",", "a", "maker", "of", "pumps", ",", "valves", "and", "other", "controls", ",", "said", "the", "acquisition", "wo", "n't", "impact", "its", "1989", "profit", "." ]
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[ "compound", "nsubj", "root", "nsubj", "aux", "ccomp", "mark", "xcomp", "compound", "obj", "punct", "det", "compound", "appos", "case", "compound", "nmod", "case", "amod", "nmod", "punct", "nsubj:pass", "aux:pass", "advmod", "root", "punct", "cc", "nsubj", "conj", "det", "nsubj:pass", "aux", "aux:pass", "ccomp", "case", "det", "obl", "case", "nmod", "punct", "advmod", "amod", "nsubj", "root", "amod", "obj", "case", "advmod", "nmod", "compound", "nummod", "punct", "nsubj", "punct", "det", "appos", "case", "nmod", "punct", "conj", "cc", "amod", "conj", "punct", "root", "det", "nsubj", "aux", "advmod", "ccomp", "nmod:poss", "nummod", "obj", "punct" ]
[ "Japan", "Air", "Lines", ",", "Lufthansa", "German", "Airlines", "and", "Air", "France", "reportedly", "plan", "to", "form", "an", "international", "air-freight", "company", "this", "year", ",", "a", "move", "that", "could", "further", "consolidate", "the", "industry", ".", "Japanese", "newspaper", "Nihon", "Keizai", "Shimbun", "reported", "that", "the", "three", "giants", "plan", "to", "integrate", "their", "cargo", "computers", "and", "ground-cargo", "and", "air-cargo", "systems", ".", "They", "reportedly", "will", "invest", "a", "total", "of", "20", "billion", "yen", "(", "$", "140", "million", ")", "in", "the", "venture", ",", "whose", "headquarters", "would", "be", "in", "France", "or", "West", "Germany", ".", "The", "action", "follows", "Federal", "Express", "Corp.", "'s", "acquisition", "of", "Flying", "Tiger", "Line", "Inc.", "in", "August", ".", "After", "that", ",", "``", "it", "would", "make", "sense", "for", "airlines", "to", "talk", "about", "doing", "things", "jointly", ",", "''", "said", "Cotton", "Daly", ",", "director", "of", "cargo", "services", "for", "New", "York", "consulting", "firm", "Simat", ",", "Helliesen", "&", "Eichner", "Inc", ".", "Mr.", "Daly", "said", "such", "discussions", "are", "motivated", "by", "the", "competitive", "threat", "posed", "by", "Federal", "Express", ",", "United", "Parcel", "Service", "of", "America", "Inc.", "and", "other", "fast-growing", "air-freight", "companies", ".", "Many", "airlines", "are", "talking", "about", "cargo", "ventures", ",", "and", "there", "have", "been", "rumors", "about", "such", "a", "tie", "between", "JAL", "and", "European", "airlines", ".", "In", "Tokyo", ",", "a", "JAL", "spokesman", "said", "he", "could", "n't", "confirm", "or", "deny", "the", "latest", "Japanese", "report", ".", "But", "he", "said", "JAL", "is", "talking", "to", "Lufthansa", "and", "Air", "France", "about", "some", "sort", "of", "cargo", "venture", ".", "``", "It", "is", "just", "one", "of", "a", "number", "of", "strategies", "JAL", "has", "embarked", "upon", "to", "come", "to", "terms", "with", "the", "situation", "in", "Europe", "after", "1992", ",", "''", "the", "deadline", "for", "ending", "trade", "barriers", "in", "the", "EC", ",", "he", "said", ".", "In", "Frankfurt", ",", "a", "Lufthansa", "spokesman", "confirmed", "talks", "are", "under", "way", ",", "but", "declined", "to", "comment", ".", "A", "Lufthansa", "spokeswoman", "in", "Tokyo", "said", "the", "head", "of", "Lufthansa", "'s", "cargo", "operations", "had", "been", "in", "Toyko", "last", "week", "for", "talks", "with", "JAL", ".", "In", "Paris", ",", "Air", "France", "declined", "to", "comment", ".", "``", "Nothing", "is", "defined", "or", "signed", "at", "this", "point", ",", "''", "Mr.", "Daly", "said", "of", "the", "talks", ".", "Whatever", "accord", "the", "three", "carriers", "reach", ",", "he", "said", ",", "he", "is", "skeptical", "it", "would", "create", "a", "separate", "airline", ".", "If", "the", "three", "companies", "pool", "their", "air-freight", "businesses", ",", "their", "clout", "would", "be", "considerable", ".", "According", "to", "figures", "from", "the", "International", "Air", "Transport", "Association", ",", "they", "carried", "a", "combined", "1.8", "million", "tons", "of", "freight", "last", "year", ".", "Federal", "Express", "and", "Flying", "Tiger", ",", "as", "separate", "companies", ",", "carried", "a", "combined", "2.6", "million", "tons", ".", "Air", "France", "and", "Lufthansa", "last", "month", "concluded", "a", "far-reaching", "cooperation", "accord", "that", "includes", "air-freight", "activities", ".", "They", "plan", "to", "increase", "cooperation", "in", "freight", "ground-handling", "and", "create", "a", "world-wide", "computer", "system", "to", "process", "cargo", ".", "Other", "airlines", "would", "have", "access", "to", "the", "system", ",", "they", "said", ",", "and", "negotiations", "with", "partners", "were", "already", "under", "way", ".", "Both", "European", "airlines", "operate", "extensive", "fleets", "of", "Boeing", "747", "freighters", "and", "747", "Combis", ",", "aircraft", "that", "carry", "both", "freight", "and", "passengers", "on", "the", "main", "deck", ".", "They", "currently", "have", "large", "orders", "for", "cargo", "planes", ".", "Several", "airlines", ",", "including", "Lufthansa", ",", "JAL", "and", "Cathay", "Pacific", "Airways", ",", "are", "working", "on", "a", "so-called", "global", "cargo", "system", "and", "are", "trying", "to", "attract", "other", "carriers", "to", "join", ",", "Mr.", "Daly", "said", ".", "JAL", "also", "has", "signaled", "it", "is", "looking", "for", "toeholds", "in", "Europe", "before", "the", "end", "of", "1992", ".", "Last", "month", ",", "the", "carrier", "said", "it", "wanted", "to", "lease", "crews", "and", "planes", "from", "British", "Airways", "so", "it", "could", "funnel", "its", "passengers", "from", "London", "to", "other", "European", "destinations", ".", "British", "Airways", "said", "it", "has", "n't", "received", "a", "proposal", "from", "JAL", ".", "But", "last", "week", "there", "were", "air-traffic", "negotiations", "between", "the", "U.K.", "and", "Japan", ",", "a", "likely", "first", "step", "to", "any", "commercial", "agreement", "between", "JAL", "and", "British", "Airways", "or", "another", "U.K.", "carrier", "." ]
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"compound", "nsubj", "root", "nsubj", "aux", "advmod", "ccomp", "det", "obj", "case", "obl", "punct", "cc", "amod", "obl:tmod", "expl", "root", "compound", "nsubj", "case", "det", "nmod", "cc", "conj", "punct", "det", "amod", "amod", "appos", "case", "det", "amod", "nmod", "case", "nmod", "cc", "compound", "conj", "cc", "det", "compound", "conj", "punct" ]
[ "The", "following", "were", "among", "Friday", "'s", "offerings", "and", "pricings", "in", "the", "U.S.", "and", "non-U.S.", "capital", "markets", ",", "with", "terms", "and", "syndicate", "manager", ",", "as", "compiled", "by", "Dow", "Jones", "Capital", "Markets", "Report", ":", "Chicago", "&", "North", "Western", "Acquisition", "Corp.", "--", "$", "475", "million", "of", "senior", "subordinated", "resettable", "debentures", ",", "due", "Oct.", "15", ",", "2001", ",", "priced", "at", "par", "to", "yield", "14.75", "%", ".", "The", "coupon", "will", "be", "reset", "in", "one", "year", "at", "a", "rate", "that", "will", "give", "the", "issue", "a", "market", "value", "of", "101", ".", "However", ",", "the", "maximum", "coupon", "rate", "on", "the", "issue", "when", "it", "is", "reset", "can", "only", "be", "15.5", "%", ".", "Debenture", "holders", "will", "also", "receive", "the", "equivalent", "of", "10", "%", "of", "the", "common", "stock", "of", "CNW", "Holdings", ".", "The", "equity", "kicker", "is", "not", "attached", "to", "the", "offering", ",", "but", "underwriters", "said", "it", "will", "be", "offered", "after", "a", "filing", "for", "68,548", "common", "shares", "of", "CNW", "Holdings", "is", "declared", "effective", "by", "the", "Securities", "&", "Exchange", "Commission", ".", "The", "issue", "is", "noncallable", "for", "five", "years", "and", "has", "a", "sinking", "fund", "starting", "in", "2000", "to", "retire", "50", "%", "of", "the", "issue", "before", "maturity", ".", "Rated", "single-B-2", "by", "Moody", "'s", "Investors", "Service", "Inc.", "and", "single-B-minus", "by", "Standard", "&", "Poor", "'s", "Corp.", ",", "the", "issue", "will", "be", "sold", "through", "underwriters", "led", "by", "Donaldson", "Lufkin", "&", "Jenrette", "Securities", "Corp", ".", "Tokuyama", "Soda", "Co", ".", "(", "Japan", ")", "--", "$", "200", "million", "of", "Eurobonds", "due", "Nov.", "9", ",", "1993", ",", "with", "equity-purchase", "warrants", ",", "indicating", "a", "4", "%", "coupon", "at", "par", ",", "via", "Nomura", "International", "Ltd", ".", "Each", "$", "5,000", "bond", "carries", "one", "warrant", ",", "exercisable", "from", "Nov.", "28", ",", "1989", ",", "through", "Oct.", "28", ",", "1993", ",", "to", "buy", "company", "shares", "at", "an", "expected", "premium", "of", "2", "1/2", "%", "to", "the", "closing", "share", "price", "when", "terms", "are", "fixed", "Oct.", "27", "." ]
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[ "Carl", "E.", "Pissocra", ",", "president", "and", "chief", "executive", "officer", "of", "Bank", "One", ",", "Dover", ",", "has", "been", "named", "regional", "president", ",", "a", "new", "post", "at", "the", "bank-holding", "company", ".", "Mr.", "Pissocra", ",", "56", "years", "old", ",", "will", "be", "responsible", "for", "the", "company", "'s", "10", "banks", "in", "the", "Eastern", "region", ".", "Dan", "J.", "Hartwell", ",", "41", ",", "executive", "vice", "president", "of", "Bank", "One", ",", "Dover", ",", "was", "named", "president", "and", "chief", "executive", "of", "the", "Dover", "bank", ",", "succeeding", "Mr.", "Pissocra", ".", "No", "one", "was", "named", "to", "succeed", "Mr.", "Hartwell", "." ]
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[ "compound", "compound", "nsubj:pass", "punct", "appos", "cc", "amod", "compound", "conj", "case", "compound", "nmod", "punct", "appos", "punct", "aux", "aux:pass", "root", "amod", "xcomp", "punct", "det", "amod", "appos", "case", "det", "amod", "nmod", "punct", "compound", "nsubj", "punct", "nummod", "obl:npmod", "amod", "punct", "aux", "cop", "root", "case", "det", "nmod:poss", "case", "nummod", "obl", "case", "det", "amod", "nmod", "punct", "compound", "compound", "nsubj:pass", "punct", "amod", "punct", "compound", "compound", "appos", "case", "compound", "nmod", "punct", "appos", "punct", "aux:pass", "root", "xcomp", "cc", "amod", "conj", "case", "det", "compound", "nmod", "punct", "xcomp", "compound", "obj", "punct", "det", "nsubj:pass", "aux:pass", "root", "mark", "xcomp", "compound", "obj", "punct" ]
[ "Price", "Stern", "Sloan", "Inc.", "said", "it", "hired", "an", "investment", "banking", "firm", "to", "assist", "in", "evaluating", "restructuring", "or", "merger", "alternatives", "and", "reported", "a", "net", "loss", "of", "$", "8.1", "million", ",", "or", "$", "2.14", "a", "share", ",", "for", "the", "third", "quarter", "ended", "Sept", ".", "These", "results", "compare", "with", "net", "income", "of", "$", "1.8", "million", ",", "or", "44", "cents", "a", "share", ",", "for", "the", "corresponding", "period", "last", "year", ".", "This", "quarter", "'s", "loss", "includes", "pretax", "charges", "of", "$", "4.9", "million", "on", "the", "proposed", "discontinuation", "of", "the", "company", "'s", "troubled", "British", "subsidiary", ",", "and", "$", "3.7", "million", "of", "other", "write-offs", "the", "company", "said", "were", "non-recurring", "and", "principally", "related", "to", "inventory", ",", "publishing", "advances", "and", "pre-publication", "costs", ".", "The", "publishing", "concern", "said", "it", "retained", "the", "investment", "banking", "firm", "of", "Donaldson", ",", "Lufkin", "&", "Jenrette", "Securities", "Inc.", "to", "act", "as", "its", "financial", "adviser", ",", "assisting", "in", "the", "evaluation", "of", "various", "financial", "and", "strategic", "alternatives", ",", "including", "debt", "refinancing", ",", "raising", "capital", ",", "recapitalization", ",", "a", "merger", "or", "sale", "of", "the", "company", ".", "The", "company", "also", "retained", "attorney", "Martin", "P.", "Levin", ",", "a", "director", "of", "the", "company", "and", "former", "head", "of", "the", "Times-Mirror", "Publishing", "Group", ",", "as", "an", "adviser", ".", "Net", "sales", "for", "this", "year", "'s", "third", "quarter", "were", "$", "14", "million", ",", "down", "from", "$", "21.4", "million", "last", "year", ".", "The", "company", "attributed", "the", "decrease", "in", "part", "to", "the", "exclusion", "of", "the", "company", "'s", "British", "sales", "from", "the", "current", "year", "'s", "figures", "as", "a", "result", "of", "the", "subsidiary", "'s", "status", "as", "a", "proposed", "discontinued", "operation", "and", ",", "in", "part", ",", "to", "lower", "sales", "in", "certain", "key", "foreign", "and", "domestic", "accounts", ".", "U.K.", "sales", "for", "last", "year", "'s", "quarter", "were", "about", "$", "3", "million", "." ]
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[ "compound", "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "det", "compound", "compound", "obj", "mark", "acl", "mark", "advcl", "compound", "cc", "conj", "obj", "cc", "conj", "det", "amod", "obj", "case", "nmod", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "case", "det", "amod", "obl", "acl", "obl:tmod", "punct", "det", "nsubj", "root", "case", "amod", "obl", "case", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "det", "amod", "nmod", "amod", "obl:tmod", "punct", "det", "nmod:poss", "case", "nsubj", "root", "amod", "obj", "case", "nmod", "compound", "nummod", "case", "det", "amod", "nmod", "case", "det", "nmod:poss", "case", "amod", "amod", "nmod", "punct", "cc", "conj", "compound", "nummod", "case", "amod", "nmod", "det", "nsubj", "acl:relcl", "aux:pass", "ccomp", "cc", "advmod", "conj", "case", "obl", "punct", "compound", "conj", "cc", "amod", "conj", "punct", "det", "compound", "nsubj", "root", "nsubj", "ccomp", "det", "compound", "compound", "obj", "case", "compound", "punct", "conj", "cc", "conj", "compound", "nmod", "mark", "acl", "case", "nmod:poss", "amod", "obl", "punct", "xcomp", "case", "det", "obl", "case", "amod", "amod", "cc", "conj", "nmod", "punct", "case", "compound", "nmod", "punct", "dep", "obj", "punct", "appos", "punct", "det", "appos", "cc", "conj", "case", "det", "nmod", "punct", "det", "nsubj", "advmod", "root", "compound", "compound", "compound", "obj", "punct", "det", "conj", "case", "det", "nmod", "cc", "amod", "conj", "case", "det", "compound", "compound", "nmod", "punct", "case", "det", "obl", "punct", "amod", "nsubj", "case", "det", "nmod:poss", "case", "amod", "nmod", "cop", "root", "nummod", "nummod", "punct", "advmod", "case", "obl", "compound", "nummod", "amod", "obl:tmod", "punct", "det", "nsubj", "root", "det", "obj", "case", "obl", "case", "det", "obl", "case", "det", "nmod:poss", "case", "amod", "nmod", "case", "det", "amod", "nmod:poss", "case", "nmod", "case", "det", "nmod", "case", "det", "nmod:poss", "case", "nmod", "case", "det", "amod", "amod", "nmod", "cc", "punct", "case", "obl", "punct", "case", "dep", "conj", "case", "amod", "amod", "amod", "cc", "conj", "nmod", "punct", "compound", "nsubj", "case", "amod", "nmod:poss", "case", "nmod", "cop", "advmod", "root", "compound", "nummod", "punct" ]
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[ "compound", "nsubj", "punct", "nummod", "obl:npmod", "amod", "punct", "root", "mark", "nsubj", "aux", "ccomp", "amod", "obl:tmod", "case", "obl", "cc", "compound", "amod", "conj", "case", "det", "compound", "nmod", "cc", "compound", "compound", "conj", "punct", "det", "nsubj:pass", "aux:pass", "advmod", "root", "punct", "compound", "nsubj", "ccomp", "mark", "xcomp", "case", "det", "obl", "mark", "nmod:poss", "amod", "nsubj", "advcl", "case", "obl", "nummod", "punct", "det", "compound", "nsubj", "root", "punct" ]
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"&", "Katz", ";", "and", "Fried", ",", "Frank", ",", "Harris", ",", "Shriver", "&", "Jacobson", "all", "say", "they", ",", "too", ",", "have", "experienced", "a", "significant", "slowdown", ",", "particularly", "during", "the", "past", "few", "weeks", ".", "``", "Everyone", "is", "waiting", "to", "see", "if", "deals", "can", "be", "done", "at", "sensible", "prices", "and", "if", "money", "is", "available", ",", "''", "said", "Jack", "Nusbaum", ",", "co-chairman", "of", "Willkie", "Farr", ".", "``", "It", "'s", "hard", "to", "know", "right", "now", "if", "the", "change", "is", "fundamental", "or", "cyclical", ".", "''", "Some", "lawyers", "say", "the", "slump", ",", "while", "more", "obvious", "in", "recent", "weeks", ",", "began", "earlier", "this", "year", ".", "Dennis", "Block", ",", "a", "partner", "at", "the", "New", "York", "firm", "of", "Weil", ",", "Gotshal", "&", "Manges", ",", "said", "that", "in", "the", "first", "eight", "months", "of", "this", "year", ",", "89", "hostile", "offers", "were", "launched", ",", "compared", "with", "157", "for", "the", "first", "eight", "months", "of", "What", "'s", "more", ",", "he", "said", ",", "``", "transactions", "are", "taking", "a", "much", "longer", "time", "to", "conclude", "and", "many", "fall", "apart", "for", "lack", "of", "financing", "''", "and", "more", "stringent", "scrutiny", "by", "state", "courts", ".", "Lawyers", "also", "say", "an", "erratic", "stock", "market", "and", "uncertain", "financing", "conditions", "have", "sharply", "reduced", "the", "number", "of", "lucrative", "big", "deals", "likely", "to", "be", "proposed", ".", "Still", ",", "some", "lawyers", "say", "the", "mergers", "slowdown", "has", "n't", "affected", "foreign", "buyers", "as", "much", "as", "domestic", "ones", ".", "``", "We", "just", "took", "another", "floor", "for", "our", "London", "offices", ",", "''", "said", "Joseph", "Flom", "of", "the", "New", "York", "firm", "of", "Skadden", ",", "Arps", ",", "Slate", ",", "Meagher", "&", "Flom", ".", "Davis", "Polk", "&", "Wardwell", "also", "said", "its", "international", "clients", "are", "keeping", "mergers", "and", "acquisitions", "partners", "busy", ".", "``", "European", "companies", "are", "looking", "to", "buy", "American", "ones", ",", "''", "said", "Henry", "King", ",", "the", "managing", "partner", "at", "that", "firm", ".", "``", "But", "the", "question", "is", "whether", "things", "people", "are", "looking", "at", "will", "actually", "surface", "in", "live", "transactions", "in", "light", "of", "the", "current", "market", "conditions", ".", "''", "MURDER", "THREAT", "charged", "in", "Haas", "Securities", "Corp", ".", "stock-manipulation", "trial", ".", "In", "the", "trial", "of", "former", "Haas", "Securities", "Chairman", "Eugene", "Laff", ",", "the", "defense", "accused", "one", "of", "the", "government", "'s", "chief", "witnesses", "of", "threatening", "to", "kill", "Mr.", "Laff", ".", "Mr.", "Laff", "'s", "attorney", ",", "John", "Lang", ",", "filed", "a", "memorandum", "asking", "that", "the", "trial", "record", "include", "a", "secretly", "taped", "conversation", "in", "which", "the", "witness", ",", "Henry", "Lorin", ",", "told", "a", "Haas", "stockbroker", "that", "Mr.", "Laff", "should", "be", "killed", ".", "The", "conversation", "was", "taped", "by", "federal", "investigators", "in", "what", "Mr.", "Lang", "said", "was", "an", "effort", "to", "get", "Mr.", "Lorin", "to", "implicate", "Mr.", "Laff", ".", "In", "his", "opening", "arguments", "last", "week", "in", "federal", "court", "in", "New", "York", ",", "Mr.", "Lang", "told", "the", "jury", "that", "Mr.", "Lorin", "was", "the", "``", "real", "master", "criminal", "''", "behind", "the", "stock", "manipulation", ",", "and", "that", "Mr.", "Laff", "knew", "nothing", "about", "it", ".", "In", "March", ",", "Mr.", "Laff", "was", "indicted", "on", "15", "counts", "of", "conspiracy", ",", "mail", "and", "securities", "fraud", ",", "and", "obstructing", "an", "investigation", "by", "the", "Securities", "and", "Exchange", "Commission", ".", "The", "government", "has", "charged", "that", "Mr.", "Lorin", "and", "Mr.", "Laff", "were", "part", "of", "a", "conspiracy", "to", "maintain", "the", "prices", "of", "certain", "stocks", "at", "artificially", "high", "prices", ".", "Mr.", "Lorin", ",", "a", "stock", "promoter", ",", "pleaded", "guilty", "to", "the", "stock-manipulation", "charges", "in", "April", "and", "agreed", "to", "cooperate", "with", "the", "government", "'s", "investigation", "of", "Mr.", "Laff", ".", "During", "his", "cross", "examination", "of", "Mr.", "Lorin", ",", "Mr.", "Lang", "read", "from", "the", "transcripts", "of", "a", "conversation", "that", "was", "taped", "Oct.", "20", ",", "1988", ".", "Stanley", "Aslanian", ",", "the", "Haas", "broker", "who", "agreed", "to", "carry", "a", "hidden", "microphone", "during", "the", "conversation", ",", "also", "has", "pleaded", "guilty", "to", "conspiracy", "to", "commit", "securities", "violations", "in", "the", "stock", "manipulation", "and", "agreed", "to", "cooperate", ".", "According", "to", "the", "transcript", ",", "Mr.", "Lorin", "said", "Mr.", "Laff", "should", "be", "killed", "after", "Mr.", "Aslanian", "told", "him", "that", "information", "given", "to", "Mr.", "Laff", "by", "another", "conspirator", "could", "jeopardize", "the", "stock", "scheme", ".", "Mr.", "Lorin", "then", "repeated", "the", "threat", ",", "and", "Mr.", "Aslanian", "urged", "him", "not", "to", "say", "such", "things", ".", "From", "the", "parts", "of", "the", "transcript", "read", "by", "Mr.", "Lang", ",", "it", "was", "unclear", "what", "exactly", "Mr.", "Lorin", "feared", "might", "happen", ".", "When", "asked", "for", "a", "copy", "of", "the", "transcript", ",", "Mr.", "Lang", "said", "Judge", "Thomas", "P.", "Griesa", "had", "instructed", "him", "not", "to", "release", "it", "or", "the", "memorandum", ".", "During", "the", "trial", ",", "Mr.", "Lang", "asked", "Mr.", "Lorin", "whether", "he", "had", "been", "so", "upset", "``", "that", "you", "considered", "killing", "Mr.", "Laff", "?", "...", "Is", "n't", "it", "true", "that", "you", "were", "so", "worked", "up", "that", "framing", "Mr.", "Laff", "for", "this", "crime", "was", "the", "least", "that", "you", "planned", "for", "him", "?", "''", "Mr.", "Lorin", "responded", ",", "``", "No", ".", "''", "When", "Mr.", "Lang", "asked", "Mr.", "Lorin", "whether", "he", "had", "taken", "steps", "to", "have", "Mr.", "Laff", "killed", ",", "the", "witness", "again", "said", "no", ".", "Peter", "Lieb", ",", "the", "assistant", "U.S.", "attorney", "prosecuting", "the", "case", ",", "declined", "to", "comment", "on", "the", "trial", ".", "TRUSTEE", "WHO", "MONITORED", "settlement", "payments", "to", "Dalkon", "Shield", "claimants", "quits", ".", "Stephen", "A.", "Saltzburg", ",", "one", "of", "five", "trustees", "appointed", "to", "monitor", "payments", "to", "women", "injured", "by", "the", "Dalkon", "Shield", "intrauterine", "contraceptive", ",", "resigned", ",", "citing", "personal", "reasons", ".", "Mr.", "Saltzburg", ",", "who", "teaches", "evidence", "at", "the", "University", "of", "Virginia", "School", "of", "Law", "and", "was", "a", "deputy", "assistant", "attorney", "general", "in", "the", "U.S.", "Justice", "Department", "until", "August", ",", "submitted", "his", "resignation", "earlier", "this", "month", "to", "federal", "Judge", "Robert", "R.", "Merhige", "Jr.", ",", "in", "Richmond", ",", "Va", ".", "Judge", "Merhige", "is", "overseeing", "the", "bankruptcy-law", "reorganization", "of", "A.H.", "Robins", "Co.", ",", "the", "company", "that", "manufactured", "the", "shield", ".", "In", "a", "letter", "Monday", "to", "Mr.", "Saltzburg", ",", "the", "judge", "said", "he", "would", "``", "reluctantly", "''", "accept", "the", "resignation", ".", "The", "$", "2.38", "billion", "Dalkon", "Shield", "Claimants", "Trust", "was", "established", "as", "part", "of", "A.H.", "Robins", "'", "bankruptcy-reorganization", "plan", "to", "resolve", "injury", "claims", "arising", "from", "use", "of", "the", "shield", ".", "American", "Home", "Products", "Corp.", "proposes", "to", "acquire", "the", "company", ".", "The", "remaining", "four", "trustees", "on", "the", "Claimants", "Trust", "have", "60", "days", "to", "nominate", "a", "successor", "to", "Mr.", "Saltzburg", ".", "Judge", "Merhige", "will", "make", "the", "appointment", ".", "CHICAGO", "LAW", "FIRM", "recruits", "American", "Express", "Co.", "vice", "president", ":", "Coffield", "Ungaretti", "Harris", "&", "Slavin", "brought", "in", "Howard", "A.", "Menell", "as", "a", "partner", "in", "its", "Washington", ",", "D.C.", ",", "office", ",", "which", "opened", "Oct.", "1", ".", "For", "the", "past", "six", "years", ",", "Mr.", "Menell", ",", "43", "years", "old", ",", "served", "as", "vice", "president", "for", "government", "affairs", "at", "American", "Express", ".", "He", "previously", "was", "staff", "director", "and", "counsel", "for", "the", "Senate", "committee", "on", "banking", ",", "housing", "and", "urban", "affairs", ".", "The", "other", "lawyer", "in", "the", "office", "is", "partner", "Robert", "A.", "Macari", ",", "the", "firm", "'s", "legislative", "director", ".", "THE", "PHILADELPHIA", "law", "firm", "of", "Ballard", ",", "Spahr", ",", "Andrews", "&", "Ingersoll", "said", "three", "partners", "have", "joined", "its", "business", "and", "finance", "department", ".", "John", "Ake", ",", "48", ",", "a", "former", "vice-president", "in", "charge", "of", "legal", "compliance", "at", "American", "Capital", "Management", "&", "Research", "Inc.", ",", "in", "Houston", ",", "will", "join", "Ballard", "Spahr", "'s", "corporate-securities", "practice", ".", "Kent", "Walker", ",", "45", ",", "a", "former", "partner", "at", "the", "Philadelphia", "law", "firm", "of", "Mesirov", ",", "Gelman", ",", "Jaffe", ",", "Cramer", "&", "Jamieson", ",", "will", "specialize", "in", "antitrust", ",", "real", "estate", "and", "mergers", "and", "acquisitions", ".", "Richard", "L.", "Sherman", ",", "42", ",", "will", "advise", "midsized", "businesses", ".", "Mr.", "Sherman", "is", "former", "deputy", "general", "counsel", "for", "SmithKline", "Beckman", "Corp.", ",", "in", "Philadelphia", ",", "now", "SmithKline", "Beecham", "PLC", ",", "in", "London", "." ]
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[ "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "det", "obj", "case", "det", "obl", "case", "det", "compound", "compound", "compound", "nmod", "case", "det", "amod", "obl", "case", "det", "amod", "amod", "compound", "nummod", "compound", "nmod", "punct", "nsubj:pass", "aux", "aux:pass", "acl:relcl", "case", "obl", "punct", "appos", "punct", "nsubj", "punct", "advmod", "case", "det", "obl", "case", "nmod", "punct", "det", "appos", "case", "compound", "nmod", "punct", "aux", "aux", "root", "det", "amod", "amod", "obj", "case", "det", "nmod", "punct", "obj", "nsubj", "acl:relcl", "mark", "xcomp", "case", "amod", "obl", "punct", "det", "amod", "nsubj:pass", "aux", "aux:pass", "root", "det", "amod", "obl:tmod", "punct", "nmod:poss", "case", "compound", "compound", "nsubj", "aux", "root", "cc", "conj", "det", "obj", "case", "nmod:poss", "obl", "punct" ]
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[ "compound", "nsubj", "punct", "compound", "appos", "punct", "root", "nmod:poss", "nsubj:pass", "case", "compound", "compound", "compound", "nmod", "cc", "compound", "compound", "conj", "aux", "aux:pass", "ccomp", "case", "amod", "amod", "obl", "punct", "det", "amod", "nsubj", "root", "det", "amod", "nsubj", "case", "det", "compound", "amod", "nmod", "case", "det", "amod", "compound", "nummod", "nmod", "case", "nmod", "cc", "det", "amod", "compound", "nummod", "conj", "case", "nmod", "ccomp", "obl:tmod", "punct", "nsubj", "aux", "root", "mark", "xcomp", "det", "obj", "punct", "cc", "cop", "case", "det", "amod", "conj", "case", "compound", "compound", "nmod", "case", "det", "nmod", "case", "compound", "compound", "nmod", "cc", "compound", "conj", "punct", "case", "det", "obl", "case", "det", "compound", "cc", "conj", "nmod", "punct", "nsubj", "advmod", "root", "nummod", "amod", "nsubj:pass", "aux", "aux:pass", "ccomp", "xcomp", "det", "nmod:poss", "case", "obj", "mark", "acl", "obj", "punct", "nsubj", "root", "mark", "det", "nsubj:pass", "aux", "aux:pass", "ccomp", "case", "obl", "case", "det", "compound", "compound", "nmod", "case", "obl", "case", "det", "nmod", "punct" ]
[ "Copper", "futures", "sold", "off", "sharply", "yesterday", ",", "influenced", "by", "declines", "in", "the", "stock", "market", "and", "dollar", ",", "and", "a", "rally", "in", "bonds", ".", "December", "copper", "opened", "near", "Monday", "'s", "close", ",", "tried", "to", "rally", "but", "failed", ",", "and", "then", "triggered", "stop-loss", "orders", "on", "its", "way", "down", "to", "settle", "at", "$", "1.1510", "a", "pound", ",", "off", "4.50", "cents", "for", "the", "day", ".", "Stop-loss", "orders", "are", "placed", "previously", "with", "instructions", "to", "execute", "them", "if", "the", "market", "hits", "a", "predetermined", "price", ".", "William", "Kaiser", ",", "president", "of", "the", "Kaiser", "Financial", "Group", "in", "Chicago", ",", "said", "the", "decline", "was", "almost", "certainly", "influenced", "by", "the", "early", "sell-off", "in", "the", "stock", "market", ",", "which", "partly", "reflected", "a", "weakening", "economy", ".", "He", "said", "the", "recent", "decline", "in", "copper", "stocks", "was", "misleading", "in", "the", "face", "of", "a", "slowdown", "in", "manufacturing", ".", "Mr.", "Kaiser", "said", "traders", "could", "have", "picked", "up", "signals", "of", "an", "imminent", "price", "decline", "had", "they", "been", "watching", "the", "scrap", "metal", "markets", ",", "which", "became", "noticeably", "weaker", "two", "to", "three", "weeks", "ago", ".", "But", "though", "a", "weakening", "economy", "implies", "reduced", "demand", ",", "Mr.", "Kaiser", "said", "that", "Third", "World", "copper-producing", "countries", "have", "n't", "any", "choice", "but", "to", "sell", "copper", ".", "They", "might", "even", "step", "up", "sales", "in", "a", "falling", "market", ",", "he", "said", ",", "in", "an", "effort", "to", "maintain", "the", "flow", "of", "foreign", "exchange", "into", "their", "treasuries", ".", "Technically", ",", "Mr.", "Kaiser", "noted", "that", "a", "lot", "of", "traders", "had", "bought", "into", "the", "market", "when", "the", "price", "was", "in", "the", "$", "1.24", "to", "$", "1.26", "range", ",", "thinking", "there", "was", "support", "at", "the", "$", "1.20", "level", ".", "When", "the", "market", "fell", "below", "that", "level", "on", "Monday", "and", "then", "yesterday", "could", "n't", "climb", "above", "that", "level", ",", "traders", "started", "selling", "out", "their", "positions", ".", "Betty", "Raptopoulos", ",", "senior", "metals", "analyst", "at", "Prudential-Bache", "Securities", "in", "New", "York", ",", "agreed", "that", "most", "of", "the", "selling", "was", "of", "a", "technical", "nature", ".", "She", "said", "the", "market", "hit", "the", "$", "1.18", "level", "at", "around", "10", "a.m.", "EDT", "where", "it", "encountered", "a", "large", "number", "of", "stop-loss", "orders", ".", "More", "stop-loss", "orders", "were", "touched", "off", "all", "the", "way", "down", "to", "below", "$", "1.14", ",", "where", "modest", "buying", "was", "attracted", ".", "Ms.", "Raptopoulos", "said", "the", "settling", "of", "strikes", "in", "Canada", "and", "Mexico", "will", "have", "little", "effect", "on", "supplies", "of", "copper", "until", "early", "next", "year", ".", "She", "thinks", "the", "next", "area", "of", "support", "for", "copper", "is", "in", "the", "$", "1.09", "to", "$", "1.10", "range", ".", "``", "I", "believe", "that", "as", "soon", "as", "the", "selling", "abates", "somewhat", "we", "could", "see", "a", "rally", "back", "to", "the", "$", "1.20", "region", ",", "''", "she", "added", ".", "She", "thinks", "a", "recovery", "in", "the", "stock", "market", "would", "help", "copper", "rebound", "as", "well", ".", "She", "noted", "that", "the", "preliminary", "estimate", "of", "the", "third-quarter", "gross", "national", "product", "is", "due", "out", "tomorrow", "and", "is", "expected", "to", "be", "up", "about", "2.5", "%", "to", "3", "%", ".", "``", "If", "the", "number", "is", "a", "little", "better", ",", "then", "copper", "will", "respond", "positively", ",", "if", "it", "is", "worse", "then", "more", "selling", "could", "ensue", ",", "''", "she", "predicted", ".", "Ms.", "Raptopoulos", "noted", "that", "relating", "economic", "numbers", "to", "specific", "market", "activity", "is", "tricky", ".", "Yesterday", ",", "for", "example", ",", "``", "the", "durable", "goods", "numbers", "came", "out", "for", "September", "and", "the", "number", "was", "down", "only", "0.1", "%", ",", "''", "she", "said", ".", "``", "However", ",", "if", "you", "exclude", "defense-related", "orders", "then", "durable", "goods", "were", "down", "3.9", "%", ".", "I", "believe", "that", "number", "reflects", "a", "slowing", "economy", ".", "''", "She", "said", "copper", "traders", "will", "also", "be", "looking", "toward", "the", "release", "of", "the", "index", "of", "leading", "economic", "indicators", "next", "Tuesday", ".", "However", ",", "David", "Threlkeld", ",", "president", "of", "Threlkeld", "&", "Co.", ",", "an", "international", "metals", "company", ",", "noted", "that", "so", "far", "this", "year", "copper", "consumption", "is", "way", "ahead", "of", "the", "same", "period", "of", "1988", ",", "and", "that", "projected", "production", "is", "below", "last", "year", ".", "Mr.", "Threlkeld", "said", "the", "copper", "market", "seems", "to", "be", "anticipating", "a", "recession", "in", "three", "months", ",", "with", "declining", "use", "being", "the", "result", ".", "``", "But", ",", "''", "he", "added", ",", "``", "we", "have", "had", "that", "exact", "same", "perception", "six", "times", "in", "the", "last", "six", "years", ".", "''", "He", "noted", "that", "currently", "the", "ratio", "of", "available", "copper", "to", "consumption", "is", "about", "3.5", "weeks", ".", "He", "said", "the", "normal", "ratio", "is", "five", "to", "six", "weeks", ".", "According", "to", "Mr.", "Threlkeld", ",", "the", "bottleneck", "in", "copper", "production", "is", "n't", "at", "the", "mines", "but", "at", "the", "copper", "refineries", ".", "``", "It", "takes", "three", "months", "to", "turn", "copper", "concentrate", "into", "cathodes", ",", "''", "he", "said", ".", "If", "there", "is", "n't", "a", "recession", ",", "he", "said", ",", "``", "we", "will", "be", "out", "of", "copper", "by", "the", "end", "of", "March", ".", "If", "there", "is", "a", "recession", "that", "will", "change", "the", "statistical", "situation", ".", "''", "He", "thinks", "that", "without", "a", "recession", "copper", "prices", "could", "exceed", "a", "high", "of", "$", "1.65", "a", "pound", ",", "which", "was", "reached", "last", "year", ".", "In", "the", "past", "Mr.", "Threlkeld", "has", "been", "known", "to", "have", "substantial", "long", "positions", "that", "is", ",", "he", "had", "bought", "copper", "futures", "in", "anticipation", "of", "rising", "prices", "--", "in", "the", "copper", "futures", "market", ".", "In", "other", "commodity", "markets", "yesterday", ":", "ENERGY", ":", "The", "attitude", "was", "``", "wait-and-see", "''", "in", "crude", "oil", "futures", "yesterday", "in", "trading", "on", "the", "New", "York", "Mercantile", "Exchange", ".", "Prices", "for", "the", "U.S.", "benchmark", "West", "Texas", "Intermediate", "crude", "remained", "locked", "in", "a", "fairly", "narrow", "range", "before", "ending", "the", "session", "four", "cents", "lower", "at", "$", "19.72", "a", "barrel", "for", "December", "delivery", ".", "Several", "analysts", "and", "brokers", "said", "the", "petroleum", "market", "was", "ready", "to", "rally", "after", "two", "days", "of", "price", "declines", "from", "profit-taking", ".", "But", "an", "early", "80-point", "drop", "in", "the", "Dow", "Jones", "Industrial", "Average", "stopped", "the", "crude", "rally", "cold", ".", "The", "industrial", "average", "recovered", "to", "close", "only", "3.69", "points", "lower", ",", "but", "petroleum", "futures", "never", "shook", "off", "the", "chill", ".", "Most", "market", "participants", "said", "they", "were", "looking", "to", "this", "week", "'s", "inventory", "statistics", "from", "the", "American", "Petroleum", "Institute", "to", "give", "the", "market", "some", "direction", ".", "The", "report", "is", "n't", "generally", "available", "until", "late", "on", "Tuesdays", ".", "PRECIOUS", "METALS", ":", "Futures", "prices", "inched", "upward", "in", "mostly", "lackluster", "trading", ".", "December", "gold", "was", "up", "$", "3.20", "an", "ounce", "at", "$", "373.40", ";", "December", "silver", "gained", "5.7", "cents", "to", "$", "5.1950", "an", "ounce", ".", "January", "platinum", "rose", "$", "2.30", "an", "ounce", "to", "$", "488.60", ".", "Mr.", "Kaiser", "said", "there", "were", "no", "fundamental", "factors", "moving", "these", "markets", ".", "He", "noted", "that", "two", "weeks", "ago", "there", "were", "rumors", "of", "Soviet", "sales", "of", "precious", "metals", "to", "finance", "grain", "purchases", ",", "but", "the", "sales", "do", "n't", "seem", "to", "have", "materialized", ".", "Ms.", "Raptopoulos", "thought", "yesterday", "'s", "price", "action", "reflected", "weakness", "in", "the", "stock", "market", "and", "the", "dollar", ".", "``", "Gold", "still", "acts", "as", "a", "haven", "when", "uncertainty", "prevails", "in", "the", "financial", "markets", "as", "it", "did", "''", "yesterday", ",", "she", "said", ".", "Mr.", "Kaiser", "noted", "that", "gold", "was", "more", "than", "71", "times", "the", "price", "of", "silver", "at", "the", "close", "yesterday", ",", "which", "is", "historically", "high", ".", "``", "The", "high", "ratio", "reflects", "the", "fact", "that", "silver", "is", "still", "regarded", "as", "about", "a", "half-industrial", "metal", "and", "its", "price", "lagging", "relative", "to", "gold", "says", "that", "traders", "are", "expecting", "a", "weakening", "economy", ",", "''", "he", "said", ".", "GRAINS", "AND", "SOYBEANS", ":", "Prices", "closed", "lower", "after", "trading", "in", "relatively", "narrow", "ranges", "because", "of", "strong", "selling", "in", "the", "cash", "market", "and", "continued", "favorable", "harvest", "weather", ".", "The", "sale", "to", "the", "Chinese", "government", "of", "330,000", "metric", "tons", "of", "wheat", "under", "the", "government", "'s", "export", "enhancement", "program", "was", "announced", "after", "the", "close", "of", "trading", "Monday", ",", "but", "the", "sale", "was", "expected", "and", "failed", "to", "buoy", "prices", "yesterday", ",", "said", "Dale", "Gustafson", ",", "a", "futures", "analyst", "with", "Drexel", "Burnham", "Lambert", "Inc.", "in", "Chicago", ".", "As", "for", "other", "export", "customers", ",", "the", "Soviet", "Union", "is", "n't", "expected", "to", "be", "back", "buying", "U.S.", "corn", "in", "significant", "amounts", "until", "early", "next", "year", ",", "he", "said", ".", "A", "number", "of", "commercial", "grain", "users", "buttressed", "that", "opinion", "yesterday", "by", "buying", "certain", "corn", "options", "for", "delivery", "in", "March", ",", "indicating", "to", "analysts", "that", "the", "commercial", "companies", "would", "use", "the", "options", "to", "hedge", "against", "expected", "corn", "sales", "in", "next", "year", "'s", "first", "quarter", ".", "COCOA", ":", "Futures", "at", "first", "continued", "the", "rally", "begun", "on", "Monday", ",", "but", "then", "faltered", "and", "closed", "lower", ".", "The", "December", "contract", "opened", "just", "under", "Monday", "'s", "close", ",", "triggered", "some", "previously", "placed", "buy", "orders", "just", "above", "$", "1,030", "a", "metric", "ton", ",", "pushing", "the", "price", "to", "$", "1,040", ",", "and", "then", "encountered", "heavy", "selling", "by", "traders", "who", "buy", "and", "sell", "for", "their", "own", "accounts", "and", "by", "commercial", "interests", ".", "The", "contract", "settled", "at", "$", "1,014", "a", "ton", ",", "off", "$", "13", ".", "Robert", "Hafer", ",", "senior", "commodities", "analyst", "at", "Kaiser", "Financial", "Group", ",", "said", "Monday", "'s", "rally", "continued", "yesterday", "for", "only", "about", "20", "minutes", "after", "the", "opening", ".", "He", "said", "even", "though", "there", "was", "arbitrage", "buying", "in", "New", "York", "because", "of", "the", "weak", "dollar", ",", "cocoa", "fell", "to", "relentless", "pressure", "from", "bearish", "traders", ".", "But", "he", "noted", "that", "speculators", "apparently", "do", "n't", "believe", "there", "is", "much", "more", "of", "a", "decline", "in", "store", "for", "cocoa", ".", "The", "December", "contract", "reached", "its", "life-of-contract", "low", "of", "$", "975", "a", "ton", "on", "Oct.", "11", ";", "its", "lifetime", "high", "was", "$", "1,735", ",", "set", "in", "1988", ",", "and", "its", "recent", "high", "was", "$", "1,368", ",", "set", "in", "early", "August", ".", "The", "last", "time", "cocoa", "traded", "at", "prices", "as", "low", "as", "currently", "was", "in", "1974", ".", "But", "while", "further", "modest", "declines", "might", "be", "ahead", ",", "Mr.", "Hafer", "said", "it", "would", "be", "difficult", "to", "get", "through", "resistance", "levels", "just", "above", "yesterday", "'s", "high", "." ]
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"punct", "det", "compound", "nsubj", "root", "nmod:poss", "amod", "obj", "case", "nmod", "nummod", "det", "obl:npmod", "case", "obl", "nummod", "punct", "nmod:poss", "nsubj", "advmod", "cop", "parataxis", "nummod", "punct", "acl", "case", "obl", "punct", "cc", "nmod:poss", "amod", "nsubj", "cop", "conj", "nummod", "punct", "acl", "case", "amod", "obl", "punct", "det", "amod", "nsubj", "nsubj", "acl:relcl", "case", "obl", "advmod", "amod", "case", "advcl", "cop", "case", "root", "punct", "cc", "mark", "amod", "amod", "nsubj", "aux", "advcl", "advmod", "punct", "compound", "nsubj", "root", "nsubj", "aux", "cop", "ccomp", "mark", "xcomp", "case", "compound", "obl", "advmod", "case", "nmod", "case", "amod", "punct" ]
[ "Shearson", "Lehman", "Hutton", "Holdings", "Inc.", "posted", "a", "sharp", "third-quarter", "turnaround", "from", "a", "year", "earlier", ",", "but", "net", "income", "would", "have", "dropped", "from", "the", "second", "quarter", "without", "a", "$", "37", "million", "after-tax", "gain", ".", "The", "securities", "firm", "posted", "third-quarter", "net", "of", "$", "66", "million", ",", "or", "64", "cents", "a", "share", ",", "compared", "with", "a", "restated", "year-earlier", "loss", "of", "$", "3", "million", ",", "or", "11", "cents", "a", "share", ".", "Revenue", "climbed", "25", "%", "to", "$", "3.3", "billion", "from", "$", "2.6", "billion", ".", "The", "latest", "period", "included", "the", "gain", ",", "which", "was", "$", "77", "million", "before", "tax", ",", "from", "the", "previously", "announced", "sale", "of", "the", "institutional", "money", "management", "business", "of", "Lehman", "Management", "Co", ".", "The", "1988", "period", "was", "restated", "from", "net", "income", "of", "$", "8", "million", "to", "correct", "an", "overstatement", "in", "the", "company", "'s", "Boston", "Co.", "subsidiary", ".", "In", "the", "1989", "second", "quarter", ",", "Shearson", "had", "net", "income", "of", "$", "55", "million", ",", "or", "54", "cents", "a", "share", ".", "An", "average", "102.5", "million", "common", "shares", "were", "outstanding", "in", "the", "latest", "quarter", ",", "up", "from", "87.1", "million", ".", "In", "New", "York", "Stock", "Exchange", "composite", "trading", "yesterday", ",", "Shearson", "shares", "lost", "37.5", "cents", "to", "$", "18.125", ".", "The", "company", "said", "the", "improved", "performance", "from", "a", "year", "ago", "reflects", "higher", "commissions", "and", "revenue", "from", "marketmaking", "and", "trading", "for", "its", "own", "account", ".", "Commission", "revenue", "was", "$", "522", "million", ",", "up", "49", "%", ".", "But", "industrywide", "trading", "activity", "slowed", "in", "September", "as", "institutional", "investors", "turned", "cautious", "and", "individuals", "continued", "to", "shy", "away", "from", "the", "market", ".", "Investment", "banking", "revenue", "fell", "32", "%", "to", "$", "205", "million", ",", "in", "part", "reflecting", "the", "continued", "slowdown", "of", "the", "underwriting", "business", ".", "In", "the", "nine", "months", ",", "net", "fell", "3", "%", "to", "$", "106", "million", ",", "or", "98", "cents", "a", "share", ",", "from", "$", "110", "million", ",", "or", "$", "1.05", "a", "share", ".", "Revenue", "advanced", "26", "%", "to", "$", "9.6", "billion", "from", "$", "7.6", "billion", "." ]
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[ "compound", "compound", "compound", "compound", "nsubj", "root", "det", "amod", "compound", "obj", "case", "det", "obl:npmod", "acl", "punct", "cc", "amod", "nsubj", "aux", "aux", "conj", "case", "det", "amod", "obl", "case", "det", "amod", "compound", "nummod", "amod", "obl", "punct", "det", "compound", "nsubj", "root", "compound", "obj", "case", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "case", "det", "amod", "amod", "nmod", "case", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "punct", "det", "amod", "nsubj", "root", "det", "obj", "punct", "nsubj", "cop", "acl:relcl", "compound", "nummod", "case", "obl", "punct", "case", "det", "advmod", "amod", "nmod", "case", "det", "amod", "compound", "compound", "nmod", "case", "compound", "compound", "nmod", "punct", "det", "nummod", "nsubj:pass", "aux:pass", "root", "case", "amod", "obl", "case", "nmod", "compound", "nummod", "mark", "xcomp", "det", "obj", "case", "det", "nmod:poss", "case", "compound", "compound", "nmod", "punct", "case", "det", "nummod", "amod", "obl", "punct", "nsubj", "root", "amod", "obj", "case", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "det", "amod", "compound", "nummod", "amod", "nsubj", "cop", "root", "case", "det", "amod", "obl", "punct", "advmod", "case", "compound", "obl", "punct", "case", "compound", "compound", "compound", "compound", "amod", "obl", "obl:tmod", "punct", "compound", "nsubj", "root", "nummod", "obj", "case", "obl", "nummod", "punct", "det", "nsubj", "root", "det", "amod", "nsubj", "case", "det", "acl", "case", "ccomp", "amod", "obj", "cc", "conj", "case", "nmod", "cc", "conj", "case", "nmod:poss", "amod", "nmod", "punct", "compound", "nsubj", "cop", "root", "compound", "nummod", "punct", "case", "nummod", "advmod", "punct", "cc", "amod", "compound", "nsubj", "root", "case", "obl", "mark", "amod", "nsubj", "advcl", "xcomp", "cc", "nsubj", "conj", "mark", "xcomp", "advmod", "case", "det", "obl", "punct", "compound", "compound", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "punct", "case", "obl", "advcl", "det", "amod", "obj", "case", "det", "compound", "nmod", "punct", "case", "det", "nummod", "obl", "punct", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "obl", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "punct" ]
[ "Georgia-Pacific", "Corp.", "'s", "unsolicited", "$", "3.19", "billion", "bid", "for", "Great", "Northern", "Nekoosa", "Corp.", "was", "hailed", "by", "Wall", "Street", "despite", "a", "cool", "reception", "by", "the", "target", "company", ".", "William", "R.", "Laidig", ",", "Nekoosa", "'s", "chairman", ",", "chief", "executive", "officer", "and", "president", ",", "characterized", "the", "$", "58-a-share", "bid", "as", "``", "uninvited", "''", "and", "said", "Nekoosa", "'s", "board", "would", "consider", "the", "offer", "``", "in", "due", "course", ".", "''", "T.", "Marshall", "Hahn", "Jr.", ",", "Georgia-Pacific", "'s", "chairman", "and", "chief", "executive", ",", "said", "in", "an", "interview", "that", "all", "terms", "of", "the", "offer", "are", "negotiable", ".", "He", "added", "that", "he", "had", "spoken", "with", "Mr.", "Laidig", ",", "whom", "he", "referred", "to", "as", "a", "friend", ",", "by", "telephone", "Monday", "evening", ".", "``", "I", "'m", "hopeful", "that", "we", "'ll", "have", "further", "discussions", ",", "''", "Mr.", "Hahn", "said", ".", "On", "Wall", "Street", ",", "takeover", "stock", "traders", "bid", "Nekoosa", "'s", "stock", "well", "above", "the", "Georgia-Pacific", "bid", ",", "assuming", "that", "Nekoosa", "'s", "will", "either", "be", "sold", "to", "a", "rival", "bidder", "or", "to", "Georgia-Pacific", "at", "a", "higher", "price", "--", "as", "much", "as", "$", "75", "a", "share", ",", "according", "to", "some", "estimates", ".", "Yesterday", ",", "Nekoosa", "common", "closed", "in", "composite", "New", "York", "Stock", "Exchange", "trading", "at", "$", "62.875", ",", "up", "$", "20.125", ",", "on", "volume", "of", "almost", "6.3", "million", "shares", ".", "Georgia-Pacific", "closed", "down", "$", "2.50", ",", "at", "$", "50.875", "in", "Big", "Board", "trading", ".", "Takeover", "stock", "traders", "noted", "that", "with", "the", "junk-bond", "market", "in", "disarray", ",", "Georgia-Pacific", "'s", "bid", "is", "an", "indication", "of", "where", "the", "takeover", "game", "is", "headed", ":", "namely", ",", "industrial", "companies", "can", "continue", "bidding", "for", "one", "another", ",", "but", "financial", "buyers", "such", "as", "leveraged", "buy-out", "firms", "will", "be", "at", "a", "disadvantage", "in", "obtaining", "financing", ".", "``", "The", "way", "the", "world", "is", "shaping", "up", ",", "the", "strategic", "buyer", "is", "going", "to", "be", "the", "rule", "and", "the", "financial", "buyer", "is", "going", "to", "be", "the", "exception", ",", "''", "said", "one", "trader", ".", "For", "the", "paper", "industry", "specifically", ",", "most", "analysts", "said", "the", "deal", "will", "spur", "a", "wave", "of", "paper-company", "takeovers", ",", "possibly", "involving", "such", "companies", "as", "Union", "Camp", "Corp.", ",", "Federal", "Paperboard", "Co.", "and", "Mead", "Corp", ".", "The", "analysts", "argued", "that", "Georgia-Pacific", "'s", "offer", ",", "the", "first", "hostile", "bid", "ever", "among", "major", "players", "in", "the", "paper", "industry", ",", "ends", "the", "unwritten", "taboo", "on", "hostile", "bids", ",", "and", "will", "push", "managements", "to", "look", "closely", "at", "the", "industry", "'s", "several", "attractive", "takeover", "candidates", ".", "``", "Consolidation", "has", "been", "long", "overdue", ".", "It", "was", "just", "the", "culture", "of", "the", "industry", "that", "kept", "it", "from", "happening", ".", "The", "Georgia-Pacific", "offer", "has", "definitely", "changed", "the", "landscape", ",", "''", "said", "Gary", "Palmero", "of", "Oppenheimer", "&", "Co", ".", "Added", "Mark", "Rogers", "of", "Prudential-Bache", "Securities", "Inc.", ":", "``", "It", "'s", "much", "easier", "to", "be", "second", ".", "''", "A", "Georgia-Pacific", "acquisition", "of", "Nekoosa", "would", "create", "the", "largest", "U.S.", "forest-products", "company", ".", "Based", "on", "1988", "sales", ",", "Georgia-Pacific", "ranked", "third", "at", "$", "9.51", "billion", ",", "behind", "Weyerhaeuser", "Co.", "at", "$", "10", "billion", "and", "International", "Paper", "Co.", "at", "$", "9.53", "billion", ".", "Nekoosa", "ranked", "11th", "with", "sales", "of", "$", "3.59", "billion", ".", "The", "combined", "company", "would", "have", "had", "1988", "sales", "of", "$", "13.1", "billion", ".", "But", "such", "a", "combination", "also", "presents", "great", "risks", ".", "At", "a", "time", "when", "most", "analysts", "and", "industry", "consultants", "say", "pulp", "and", "paper", "prices", "are", "heading", "for", "a", "dive", ",", "adding", "capacity", "and", "debt", "could", "squeeze", "Georgia-Pacific", "if", "the", "industry", "declines", "more", "than", "the", "company", "expects", ".", "Moreover", ",", "any", "unexpected", "strengthening", "of", "the", "dollar", "would", "hurt", "Georgia-Pacific", "because", "two", "of", "Nekoosa", "'s", "major", "product", "lines", "--", "containerboard", ",", "which", "is", "used", "to", "make", "shipping", "boxes", ",", "and", "market", "pulp", "--", "are", "exported", "in", "large", "quantities", ".", "``", "Nobody", "knows", "how", "deep", "the", "cycle", "is", "going", "to", "be", ",", "''", "said", "Rod", "Young", ",", "vice", "president", "of", "Resource", "Information", "Systems", "Inc.", ",", "a", "Bedford", ",", "Mass.", ",", "economic-forecasting", "firm", ".", "``", "Depending", "on", "how", "far", "down", "you", "go", ",", "it", "may", "be", "difficult", "to", "pay", "off", "that", "debt", ".", "''", "One", "person", "familiar", "with", "Georgia-Pacific", "said", "the", "acquisition", "would", "more", "than", "double", "the", "company", "'s", "debt", "of", "almost", "$", "3", "billion", ".", "It", "also", "could", "be", "a", "drag", "on", "Georgia-Pacific", "earnings", "because", "the", "roughly", "$", "1.5", "billion", "in", "goodwill", "--", "the", "amount", "by", "which", "the", "bid", "exceeds", "Nekoosa", "'s", "book", "value", "of", "$", "1.5", "billion", "--", "will", "have", "to", "be", "subtracted", "from", "earnings", "over", "a", "period", "of", "decades", ".", "Georgia-Pacific", "'s", "Mr.", "Hahn", "said", "that", "a", "combined", "operation", "would", "allow", "savings", "in", "many", "ways", ".", "The", "two", "companies", "each", "produce", "market", "pulp", ",", "containerboard", "and", "white", "paper", ".", "That", "means", "goods", "could", "be", "manufactured", "closer", "to", "customers", ",", "saving", "shipping", "costs", ",", "he", "said", ".", "Moreover", ",", "production", "runs", "would", "be", "longer", ",", "cutting", "inefficiencies", "from", "adjusting", "machinery", "between", "production", "cycles", ".", "And", "Georgia-Pacific", "could", "save", "money", "in", "selling", "pulp", ",", "because", "the", "company", "uses", "its", "own", "sales", "organization", "while", "Nekoosa", "employs", "higher-cost", "agents", ".", "Mr.", "Hahn", "said", "Georgia-Pacific", "has", "accounted", "in", "its", "strategy", "for", "a", "``", "significant", "downturn", "''", "in", "the", "pulp", "and", "paper", "industry", ",", "an", "event", "that", "he", "said", "would", "temporarily", "dilute", "earnings", ".", "But", "he", "said", "that", "even", "under", "those", "conditions", ",", "the", "company", "still", "would", "realize", "a", "savings", "of", "tens", "of", "millions", "of", "dollars", "in", "the", "first", "year", "following", "a", "merger", ".", "``", "The", "fit", "is", "so", "good", ",", "we", "see", "this", "as", "a", "time", "of", "opportunity", ",", "''", "he", "said", ".", "Georgia-Pacific", ",", "which", "has", "suspended", "its", "stock-repurchase", "program", ",", "would", "finance", "the", "acquisition", "with", "all", "bank", "debt", ",", "provided", "by", "banks", "led", "by", "BankAmerica", "Corp", ".", "Georgia-Pacific", "owns", "349,900", "Nekoosa", "shares", "and", "would", "need", "federal", "antitrust", "clearance", "to", "buy", "more", "than", "$", "15", "million", "worth", ".", "U.S.", "clearance", "also", "is", "needed", "for", "the", "proposed", "acquisition", ".", "For", "Nekoosa", ",", "defense", "options", "may", "be", "undercut", "somewhat", "by", "the", "precarious", "state", "of", "the", "junk-bond", "market", ",", "which", "limits", "how", "much", "value", "the", "target", "could", "reach", "in", "a", "debt-financed", "recapitalization", ".", "The", "company", "'s", "chairman", ",", "Mr.", "Laidig", ",", "and", "a", "group", "of", "advisers", "met", "at", "the", "offices", "of", "Wachtel", "Lipton", "Rosen", "&", "Katz", ",", "a", "law", "firm", "specializing", "in", "takeover", "defense", ".", "Nekoosa", "also", "is", "being", "advised", "by", "Goldman", ",", "Sachs", "&", "Co", ".", "Georgia-Pacific", "'s", "advisers", "are", "Wasserstein", ",", "Perella", "&", "Co.", ",", "which", "stands", "to", "receive", "a", "$", "15", "million", "fee", "if", "the", "takeover", "succeeds", ",", "and", "the", "law", "firm", "of", "Shearman", "&", "Sterling", ".", "People", "familiar", "with", "Nekoosa", "said", "its", "board", "is", "n't", "likely", "to", "meet", "before", "the", "week", "after", "next", "to", "respond", "to", "the", "bid", ".", "The", "board", "has", "10", "business", "days", "to", "respond", ".", "In", "addition", "to", "the", "usual", "array", "of", "defenses", ",", "including", "a", "so-called", "poison", "pill", "and", "a", "staggered", "board", ",", "Nekoosa", "has", "another", "takeover", "defense", ":", "a", "Maine", "state", "law", "barring", "hostile", "bidders", "from", "merging", "acquired", "businesses", "for", "five", "years", ".", "Nekoosa", "is", "incorporated", "in", "Maine", ".", "Georgia-Pacific", "has", "filed", "a", "lawsuit", "in", "federal", "court", "in", "Maine", "challenging", "the", "poison", "pill", "and", "the", "Maine", "merger", "law", ".", "Nekoosa", "'s", "poison", "pill", "allows", "shareholders", "to", "vote", "to", "rescind", "it", ",", "but", "Georgia-Pacific", "is", "n't", "likely", "to", "pursue", "such", "a", "course", "immediately", "because", "that", "would", "take", "90", "to", "120", "days", ",", "and", "would", "n't", "affect", "the", "provisions", "of", "the", "Maine", "law", ".", "Among", "companies", "mentioned", "by", "analysts", "as", "possible", "counterbidders", "for", "Nekoosa", "are", "International", "Paper", ",", "Weyerhaeuser", ",", "Canadian", "Pacific", "Ltd.", "and", "MacMillan", "Bloedel", "Ltd", ".", "``", "I", "'m", "sure", "everybody", "else", "is", "putting", "pencil", "to", "paper", ",", "''", "said", "Kathryn", "McAuley", ",", "an", "analyst", "with", "First", "Manhattan", "Co", ".", "International", "Paper", "and", "Weyerhaeuser", "declined", "to", "comment", ".", "Canadian", "Pacific", "could", "n't", "be", "reached", "for", "comment", ",", "and", "MacMillan", "Bloedel", "said", "it", "has", "n't", "any", "plans", "to", "make", "a", "bid", "for", "Nekoosa", ".", "Investors", "were", "quick", "to", "spot", "other", "potential", "takeover", "candidates", ",", "all", "of", "which", "have", "strong", "cash", "flows", "and", "low-cost", "operations", ".", "Among", "paper", "company", "stocks", "that", "rallied", "on", "the", "Big", "Board", "because", "of", "the", "offer", "were", "Union", "Camp", ",", "up", "$", "2.75", "to", "$", "37.75", ",", "Federal", "Paperboard", ",", "up", "$", "1.75", "to", "$", "27.875", ",", "Mead", ",", "up", "$", "2.375", "to", "$", "38.75", ",", "and", "Temple", "Inland", "Inc.", ",", "up", "$", "3.75", "to", "$", "62.25", ".", "In", "over-the-counter", "national", "trading", ",", "Bowater", "Inc.", "jumped", "$", "1.50", "to", "$", "27.50", ".", "Some", "analysts", "argued", "that", "there", "wo", "n't", "be", "a", "flurry", "of", "takeovers", "because", "the", "industry", "'s", "continuing", "capacity-expansion", "program", "is", "eating", "up", "available", "cash", ".", "Moreover", ",", "some", "analysts", "said", "they", "expect", "a", 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[ "reminiscent", "of", "those", "during", "the", "1987", "crash", "--", "that", "as", "stock", "prices", "plummeted", "and", "trading", "activity", "escalated", ",", "some", "phone", "calls", "to", "market", "makers", "in", "over-the-counter", "stocks", "went", "unanswered", ".", "``", "We", "could", "n't", "get", "dealers", "to", "answer", "their", "phones", ",", "''", "said", "Robert", "King", ",", "senior", "vice", "president", "of", "OTC", "trading", "at", "Robinson-Humphrey", "Co.", "in", "Atlanta", ".", "``", "It", "was", "-LCB-", "like", "-RCB-", "the", "Friday", "before", "Black", "Monday", "''", "two", "years", "ago", ".", "Whether", "unanswered", "phone", "calls", "had", "any", "effect", "or", "not", ",", "Nasdaq", "stocks", "sank", "far", "less", "than", "those", "on", "the", "New", "York", "and", "American", "exchanges", ".", "Nonetheless", ",", "the", "Nasdaq", "Composite", "Index", "suffered", "its", "biggest", "point", "decline", "of", "the", "year", "and", "its", "sixth", "worst", "ever", ",", "diving", "14.90", ",", "or", "3", "%", ",", "to", "467.29", ".", "Ten", "points", "of", "the", "drop", "occurred", "during", "the", "last", "45", "minutes", "of", "trading", ".", "By", "comparison", ",", "the", "New", "York", "Stock", "Exchange", "Composite", "tumbled", "5.8", "%", "Friday", "and", "the", "American", "Stock", "Exchange", "Composite", "fell", "4", "%", ".", "On", "Oct.", "16", ",", "1987", ",", "the", "Nasdaq", "Composite", "fell", "16.18", "points", ",", "or", "3.8", "%", ",", "followed", "by", "its", "devastating", "46.12-point", ",", "or", "11", "%", "slide", ",", "three", "days", "later", ".", "Nasdaq", "volume", "Friday", "totaled", "167.7", "million", "shares", ",", "which", "was", "only", "the", "fifth", "busiest", "day", "so", "far", "this", "year", ".", "The", "single-day", "record", "of", "288", "million", "shares", "was", "set", "on", "Oct.", "21", ",", "``", "There", "was", "n't", "a", "lot", "of", "volume", "because", "it", "was", "just", "impossible", "to", "get", "stock", "moved", ",", "''", "said", "E.E.", "``", "Buzzy", "''", "Geduld", ",", "president", "of", "Herzog", ",", "Heine", ",", "Geduld", ",", "a", "New", "York", "company", "that", "makes", "markets", "in", "thousands", "of", "OTC", "issues", ".", "Most", "of", "the", "complaints", "about", "unanswered", "phone", "calls", "came", "from", "regional", "brokers", "rather", "than", "individual", "investors", ".", "Mr.", "King", "of", "Robinson-Humphrey", "and", "others", "were", "quick", "to", "add", "that", "they", "believe", "the", "problem", "stemmed", "more", "from", "traders", "'", "inability", "to", "handle", "the", "volume", "of", "calls", ",", "rather", "than", "a", "deliberate", "attempt", "to", "avoid", "making", "trades", ".", "The", "subject", "is", "a", "sore", "one", "for", "Nasdaq", "and", "its", "market-making", "companies", ",", "which", "were", "widely", "criticized", "two", "years", "ago", "following", "complaints", "from", "investors", "who", "could", "n't", "reach", "their", "brokers", "or", "trade", "in", "the", "chaos", "of", "the", "crash", ".", "Peter", "DaPuzzo", ",", "head", "of", "retail", "equity", "trading", "at", "Shearson", "Lehman", "Hutton", ",", "declared", ":", "``", "It", "was", "the", "last", "hour", "of", "trading", "on", "a", "Friday", ".", "There", "were", "too", "many", "phones", "ringing", "and", "too", "many", "things", "happening", "to", "expect", "market", "makers", "to", "be", "as", "efficient", "as", "robots", ".", "It", "was", "n't", "intentional", ",", "we", "were", "all", "busy", ".", "''", "James", "Tarantino", ",", "head", "of", "OTC", "trading", "at", "Hambrecht", "&", "Quist", "in", "San", "Francisco", ",", "said", ",", "``", "It", "was", "just", "like", "two", "years", "ago", ".", "Everybody", "was", "trying", "to", "do", "the", "same", "thing", "at", "the", "same", "time", ".", "''", "Jeremiah", "Mullins", ",", "the", "OTC", "trading", "chief", "at", "Dean", "Witter", "Reynolds", "in", "New", "York", ",", "said", "proudly", "that", "his", "company", "executed", "every", "order", "it", "received", "by", "the", "close", "of", "trading", ".", "But", ",", "he", "added", ",", "``", "you", "can", "only", "take", "one", "call", "at", "a", "time", ".", "''", "Market", "makers", "keep", "supplies", "of", "stock", "on", "hand", "to", "maintain", "orderly", "trading", "when", "imbalances", "occur", ".", "On", "days", "like", "Friday", ",", "that", "means", "they", "must", "buy", "shares", "from", "sellers", "when", "no", "one", "else", "is", "willing", "to", ".", "When", "selling", "is", "so", "frenzied", ",", "prices", "fall", "steeply", "and", "fast", ".", "Two", "years", "ago", ",", "faced", "with", "the", "possibility", "of", "heavy", "losses", "on", "the", "stocks", "in", "their", "inventories", ",", "market", "makers", "themselves", "began", "dumping", "shares", ",", "exacerbating", "the", "slide", "in", "OTC", "stock", "prices", ".", "On", "Friday", ",", "some", "market", "makers", "were", "selling", "again", ",", "traders", "said", ".", "But", ",", "with", "profits", "sagging", "on", "Wall", "Street", "since", "the", "crash", ",", "companies", "have", "kept", "smaller", "share", "stockpiles", "on", "hand", ".", "Mr.", "Tarantino", "of", "Hambrecht", "&", "Quist", "said", "some", "prices", "fell", "without", "trades", "taking", "place", ",", "as", "market", "makers", "kept", "dropping", "the", "prices", "at", "which", "they", "would", "buy", "shares", ".", "``", "Everyone", "was", "hitting", "everyone", "else", "'s", "bid", ",", "''", "he", "said", ".", "So", ",", "while", "OTC", "companies", "incurred", "losses", "on", "Friday", ",", "trading", "officials", "said", "the", "damage", "was", "n't", "as", "bad", "as", "it", "was", "in", "1987", ".", "``", "Two", "years", "ago", "we", "were", "carrying", "huge", "inventories", "and", "that", "was", "the", "big", "culprit", ".", "I", "do", "n't", "know", "of", "anyone", "carrying", "big", "inventories", "now", ",", "''", "said", "Mr.", "King", "of", "Robinson-Humphrey", ".", "Tony", "Cecin", ",", "head", "of", "equity", "trading", "at", "Piper", ",", "Jaffray", "&", "Hopwood", "in", "Minneapolis", ",", "said", "that", "Piper", "Jaffray", "actually", "made", "money", "on", "Friday", ".", "It", "helped", "that", "his", "inventory", "is", "a", "third", "smaller", "now", "than", "it", "was", "two", "years", "ago", ",", "he", "said", ".", "Joseph", "Hardiman", ",", "president", "of", "the", "National", "Association", "of", "Securities", "Dealers", ",", "which", "oversees", "the", "Nasdaq", "computerized", "trading", "system", ",", "said", "that", "despite", "the", "rush", "of", "selling", ",", "he", "never", "considered", "the", "situation", "an", "``", "emergency", ".", "''", "``", "The", "pace", "of", "trading", "was", "orderly", ",", "''", "he", "said", ".", "Nasdaq", "'s", "Small", "Order", "Execution", "System", "``", "worked", "beautifully", ",", "''", "as", "did", "the", "automated", "system", "for", "larger", "trades", ",", "according", "to", "Mr.", "Hardiman", ".", "Nevertheless", ",", "the", "shock", "of", "another", "steep", "plunge", "in", "stock", "prices", "undoubtedly", "will", "shake", "many", "investors", "'", "confidence", ".", "In", "the", "past", ",", "the", "OTC", "market", "thrived", "on", "a", "firm", "base", "of", "small-investor", "participation", ".", "Because", "Nasdaq", "'s", "trading", "volume", "has", "n't", "returned", "to", "pre-crash", "levels", ",", "traders", "and", "OTC", "market", "officials", "hope", "the", "damage", "wo", "n't", "be", "permanent", ".", "But", "they", "are", "worried", ".", "``", "We", "were", "just", "starting", "to", "get", "the", "public", "'s", "confidence", "back", ",", "''", "lamented", "Mr.", "Mullins", "of", "Dean", "Witter", ".", "More", "troubling", "is", "the", "prospect", "that", "the", "overall", "collapse", "in", "stock", "prices", "could", "permanently", "erode", "the", 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"retail", "investors", "nervously", "sold", "stock", "Friday", "and", "never", "returned", "to", "bargain-hunt", ".", "Institutional", "investors", ",", "which", "had", "been", "selling", "stock", "throughout", "last", "week", "to", "lock", "in", "handsome", "gains", "made", "through", "the", "third", "quarter", ",", "were", "calmer", ".", "``", "We", "had", "a", "good", "amount", "of", "selling", "from", "institutions", ",", "but", "not", "as", "much", "panic", ",", "''", "Mr.", "DaPuzzo", "said", ".", "``", "If", "they", "could", "n't", "sell", ",", "some", "of", "them", "put", "the", "shares", "back", "on", "the", "shelf", ".", "''", "In", "addition", ",", "he", "said", ",", "some", "bigger", "institutional", "investors", "placed", "bids", "to", "buy", "some", "OTC", "stocks", "whose", "prices", "were", "beaten", "down", ".", "In", "addition", ",", "Mr.", "DaPuzzo", "said", "computer-guided", "program", "selling", "of", "OTC", "stocks", "in", "the", "Russell", "Index", "of", "2000", 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"transaction", ",", "sell", "certain", "McCaw", "properties", "to", "Contel", "Cellular", ".", "McCaw", "lost", "8", "%", ",", "or", "3", "1/2", ",", "to", "40", ".", "LIN", "Broadcasting", ",", "dropped", "5", "1/2", ",", "or", "5", "%", ",", "to", "107", "1/2", ".", "The", "turnover", "in", "both", "issues", "was", "roughly", "normal", ".", "On", "a", "day", "when", "negative", "takeover-related", "news", "did", "n't", "sit", "well", "with", "investors", ",", "Commercial", "Intertech", ",", "a", "maker", "of", "engineered", "metal", "parts", ",", "said", "Haas", "&", "Partners", "advised", "it", "that", "it", "does", "n't", "plan", "to", "pursue", "its", "previously", "reported", "$", "27.50-a-share", "bid", "to", "buy", "the", "company", ".", "Commercial", "Intertech", "plummeted", "6", "to", "26", ".", "The", "issues", "of", "companies", "with", "ties", "to", "the", "junk", "bond", "market", "also", "tumbled", "Friday", ".", "On", "the", "OTC", "market", ",", "First", "Executive", 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"case", "det", "compound", "nmod", "punct", "amod", "cc", "conj", "amod", "obj", "punct", "cc", "fixed", "fixed", "amod", "conj", "cc", "compound", "conj", "punct", "cc", "amod", "nsubj", "root", "det", "compound", "nsubj", "advmod", "ccomp", "case", "nummod", "obl", "case", "nummod", "obl", "punct", "case", "case", "advcl", "case", "nummod", "nmod", "cc", "nummod", "nummod", "obl:npmod", "advmod", "punct", "nmod:poss", "case", "compound", "nsubj", "root", "amod", "nsubj", "advmod", "ccomp", "obj", "obl:tmod", "cc", "advmod", "conj", "mark", "xcomp", "punct", "amod", "nsubj", "punct", "nsubj", "aux", "aux", "acl:relcl", "obj", "case", "amod", "obl", "mark", "advcl", "compound:prt", "amod", "obj", "acl", "case", "det", "amod", "obl", "punct", "cop", "root", "punct", "punct", "nsubj", "ccomp", "det", "amod", "obj", "case", "nmod", "case", "nmod", "punct", "cc", "advmod", "dep", "amod", "conj", "punct", "punct", "compound", "nsubj", "root", "punct", "punct", "mark", "nsubj", "aux", 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"advmod", "acl:relcl", "advmod", "case", "obl", "punct", "compound", "nsubj", "punct", "det", "appos", "case", "amod", "compound", "nmod", "punct", "root", "nsubj", "cc", "conj", "ccomp", "obj", "mark", "nsubj", "aux", "advmod", "ccomp", "mark", "xcomp", "nmod:poss", "advmod", "amod", "amod", "dep", "obj", "mark", "acl", "det", "obj", "punct", "compound", "nsubj", "root", "obj", "case", "obl", "punct", "det", "nsubj", "case", "nmod", "case", "nmod", "case", "det", "compound", "compound", "nmod", "advmod", "root", "obl:tmod", "punct", "case", "det", "compound", "obl", "punct", "compound", "nsubj", "punct", "det", "amod", "appos", "case", "det", "amod", "punct", "amod", "nmod", "punct", "root", "obj", "case", "compound", "obl", "punct", "case", "amod", "compound", "obl", "punct", "nsubj", "punct", "root", "compound", "obj", "case", "compound", "obl", "punct", "compound", "nsubj", "conj", "compound", "obj", "case", "compound", "obl", "punct", "det", "amod", "amod", "nsubj", "case", "nmod", "cop", "advmod", "obl:npmod", "case", "compound", "conj", "punct", "compound", "nsubj", "conj", "compound", "obj", "case", "compound", "obl", "punct", "compound", "nsubj", "conj", "obj", "case", "compound", "obl", "cc", "nsubj", "conj", "compound", "obj", "case", "compound", "obl", "punct" ]
[ "Computer", "Sciences", "Corp.", ",", "El", "Segundo", ",", "Calif.", ",", "said", "the", "National", "Aeronautics", "and", "Space", "Administration", "will", "negotiate", "details", "of", "a", "contract", "valued", "at", "about", "$", "170", "million", "to", "provide", "software", "for", "the", "Ames", "Research", "Center", ".", "Included", "in", "the", "three-year", "contract", "are", "options", "for", "two", "one-year", "renewals", ".", "NASA", "awarded", "the", "contract", "to", "CSC", "in", "November", "but", "an", "appeal", "by", "Sterling", "Software", "Inc.", "of", "Dallas", "sent", "the", "contract", "to", "the", "General", "Services", "Administration", "Board", "of", "Contract", "Appeals", "and", "the", "board", "required", "NASA", "to", "re-evaluate", "bidders", "'", "proposals", ".", "Sterling", "had", "completed", "a", "five-year", "contract", "for", "NASA", "but", "lost", "its", "bid", "for", "renewal", ".", "As", "directed", "by", "the", "board", ",", "NASA", "completed", "the", "evaluation", "and", "again", "chose", "CSC", ".", "For", "its", "fiscal", "year", "ended", "March", "31", ",", "CSC", "had", "revenue", "of", "$", "1.3", "billion", "." ]
[ 3, 3, 10, 3, 6, 3, 6, 6, 6, 0, 13, 13, 18, 16, 16, 13, 18, 10, 18, 22, 22, 19, 22, 26, 26, 23, 28, 26, 30, 22, 30, 36, 36, 36, 36, 31, 10, 0, 5, 5, 5, 1, 1, 1, 11, 11, 11, 7, 1, 2, 0, 4, 2, 6, 2, 8, 2, 18, 11, 18, 15, 15, 15, 11, 17, 15, 2, 20, 18, 26, 26, 26, 26, 26, 18, 29, 29, 26, 33, 32, 33, 2, 33, 36, 33, 39, 37, 36, 2, 3, 3, 0, 6, 6, 3, 8, 6, 10, 3, 12, 10, 14, 12, 3, 2, 8, 5, 5, 2, 8, 8, 0, 10, 8, 13, 13, 8, 13, 8, 4, 4, 4, 10, 4, 5, 6, 10, 10, 0, 10, 13, 11, 15, 13, 10 ]
[ "compound", "compound", "nsubj", "punct", "compound", "appos", "punct", "appos", "punct", "root", "det", "compound", "nsubj", "cc", "compound", "conj", "aux", "ccomp", "obj", "case", "det", "nmod", "acl", "case", "advmod", "obl", "compound", "nummod", "mark", "acl", "obj", "case", "det", "compound", "compound", "nmod", "punct", "root", "case", "det", "amod", "obl", "aux:pass", "nsubj:pass", "case", "nummod", "amod", "nmod", "punct", "nsubj", "root", "det", "obj", "case", "obl", "case", "obl", "cc", "det", "nsubj", "case", "compound", "compound", "nmod", "case", "nmod", "conj", "det", "obj", "case", "det", "compound", "compound", "compound", "obl", "case", "compound", "nmod", "cc", "det", "nsubj", "conj", "obj", "mark", "xcomp", "nmod:poss", "case", "obj", "punct", "nsubj", "aux", "root", "det", "amod", "obj", "case", "nmod", "cc", "conj", "nmod:poss", "obj", "case", "nmod", "punct", "mark", "advcl", "case", "det", "obl", "punct", "nsubj", "root", "det", "obj", "cc", "advmod", "conj", "obj", "punct", "case", "nmod:poss", "amod", "obl", "acl", "obl:tmod", "nummod", "punct", "nsubj", "root", "obj", "case", "nmod", "compound", "nummod", "punct" ]
[ "After", "several", "years", "of", "booming", "business", "with", "China", ",", "foreign", "traders", "are", "bracing", "for", "the", "biggest", "slump", "in", "a", "decade", ".", "The", "imposition", "of", "austerity", "measures", ",", "starting", "last", "October", ",", "already", "had", "begun", "to", "pinch", "when", "the", "massacre", "in", "Tiananmen", "Square", "on", "June", "4", "and", "subsequent", "events", "tugged", "the", "belt", "far", "tighter", ".", "Foreign", "lending", "has", "been", "virtually", "suspended", "since", "then", ",", "choking", "liquidity", "and", "hobbling", "many", "projects", ".", "And", "Beijing", "has", "pulled", "back", "on", "domestic", "loans", "and", "subsidies", ",", "leaving", "many", "domestic", "buyers", "and", "export-oriented", "plants", "strapped", "for", "cash", ".", "Givaudan", "Far", "East", "Ltd.", ",", "a", "Swiss", "concern", "that", "sells", "chemicals", "to", "shampoo", "and", "soap", "factories", "in", "China", ",", "typifies", "the", "problems", ".", "Last", "year", "'s", "retrenchment", "dried", "up", "the", "working", "capital", "of", "Chinese", "factories", ".", "The", "company", "'s", "sales", "flattened", "during", "1989", "'s", "first", "half", ".", "The", "June", "killings", "magnified", "the", "problems", ".", "In", "Canton", ",", "Givaudan", "'s", "representative", "office", "received", "no", "orders", "in", "June", ".", "At", "first", "it", "attributed", "the", "slump", "to", "temporary", "business", "disruptions", ",", "but", "when", "no", "orders", "were", "logged", "in", "August", "and", "September", ",", "manager", "Donald", "Lai", "became", "convinced", "that", "business", "would", "be", "bad", "for", "many", "months", ".", "``", "Things", "have", "grown", "worse", "since", "June", "4", ",", "''", "Mr.", "Lai", "says", ".", "He", "predicts", "that", "sales", "will", "drop", "between", "30", "%", "and", "40", "%", "from", "last", "year", "'s", "$", "3", "million", ".", "The", "consumer-products", "and", "light-industrial", "sectors", "are", "bearing", "the", "brunt", "of", "China", "'s", "austerity", "measures", ",", "and", "foreign", "companies", "such", "as", "Givaudan", "that", "deal", "with", "those", "industries", "are", "being", "hit", "the", "hardest", ".", "But", "in", "general", ",", "all", "foreign-trading", "companies", "are", "feeling", "the", "pinch", ".", "``", "The", "import", "pie", "will", "shrink", ",", "''", "says", "John", "Kamm", ",", "first", "vice", "president", "of", "the", "American", "Chamber", "of", "Commerce", "in", "Hong", "Kong", "and", "a", "China", "trade", "specialist", ".", "``", "On", "the", "down", "side", ",", "sales", "could", "fall", "as", "much", "as", "90", "%", "for", "some", "companies", ";", "on", "the", "upper", "side", ",", "sales", "will", "be", "flat", ".", "''", "China", "'s", "foreign", "trade", "has", "gone", "in", "cycles", "during", "the", "past", "decade", ".", "The", "last", "time", "that", "traders", "experienced", "a", "trough", "was", "during", "1985-86", ",", "when", "Beijing", "imposed", "tough", "measures", "to", "curb", "imports", "and", "conserve", "foreign", "exchange", ".", "The", "current", "trough", "is", "expected", "to", "be", "much", "deeper", ",", "because", "Beijing", "has", "cut", "off", "domestic", "funds", "from", "factories", "for", "the", "first", "time", "to", "slow", "inflation", ".", "In", "addition", ",", "the", "suspension", "of", "loans", "and", "export", "credits", "from", "foreign", "governments", "and", "institutions", "following", "the", "June", "killings", "have", "been", "a", "big", "setback", ".", "``", "The", "freeze", "on", "new", "lending", "is", "dealing", "the", "single", "biggest", "blow", "to", "trading", ",", "''", "says", "Raymond", "Wong", ",", "China", "manager", "for", "Mannesmann", "AG", ",", "a", "West", "German", "machinery-trading", "company", ".", "Import", "growth", "from", "the", "year-earlier", "months", "slowed", "to", "16", "%", "in", "July", "and", "7.1", "%", "in", "August", ",", "compared", "with", "an", "average", "growth", "rate", "of", "26", "%", "in", "the", "first", "half", ".", "In", "the", "first", "eight", "months", "of", "1989", ",", "imports", "grew", "21", "%", ",", "to", "$", "38.32", "billion", ",", "down", "slightly", "from", "a", "growth", "rate", "of", "23", "%", "a", "year", "earlier", ".", "The", "picture", "for", "China", "'s", "exports", "is", "just", "as", "bleak", ",", "mainly", "because", "of", "the", "domestic", "credit", "squeeze", ".", "Exports", "in", "the", "first", "eight", "months", "grew", "only", "9", "%", ",", "to", "$", "31.48", "billion", ",", "compared", "with", "a", "growth", "rate", "of", "25", "%", "a", "year", "earlier", ",", "according", "to", "Chinese", "customs", "figures", ".", "The", "threat", "to", "China", "'s", "balance", "of", "payments", "is", "further", "aggravated", "by", "the", "plunge", "in", "its", "foreign-exchange", "reserves", ",", "excluding", "gold", "holdings", ".", "The", "reserves", "dropped", "for", "the", "first", "time", "in", "recent", "years", ",", "to", "$", "14", "billion", "in", "June", "from", "$", "19", "billion", "in", "April", ".", "The", "trend", "has", "prompted", "Beijing", "to", "intensify", "efforts", "to", "curb", "imports", ".", "In", "recent", "weeks", ",", "China", "'s", "leaders", "have", "recentralized", "trading", "in", "wool", "and", "scores", "of", "chemical", "products", "and", "commodities", ".", "The", "Ministry", "of", "Foreign", "Economic", "Relations", "and", "Trade", "set", "up", "a", "special", "bureau", "last", "month", "to", "monitor", "the", "issue", "of", "import", "and", "export", "licenses", ".", "Beijing", "'s", "periodic", "clampdowns", "on", "imports", "have", "taught", "many", "trading", "companies", "that", "the", "best", "way", "to", "get", "through", "the", "drought", "is", "by", "helping", "China", "export", ".", "For", "example", ",", "Nissho", "Iwai", "Corp.", ",", "one", "of", "the", "biggest", "Japanese", "trading", "houses", ",", "now", "buys", "almost", "twice", "as", "many", "goods", "from", "China", "as", "it", "sells", "to", "that", "country", ".", "Three", "years", "ago", ",", "the", "ratio", "was", "reversed", ".", "But", "the", "strategy", "is", "n't", "helping", "much", "this", "time", ".", "``", "Both", "sectors", "of", "imports", "and", "exports", "look", "just", "as", "bad", ",", "''", "says", "Masahiko", "Kitamura", ",", "general", "manager", "of", "Nissho", "Iwai", "'s", "Canton", "office", ".", "He", "expects", "the", "company", "'s", "trading", "business", "to", "drop", "as", "much", "as", "40", "%", "this", "year", ".", "For", "a", "short", "time", "after", "June", "4", ",", "it", "appeared", "that", "the", "trade", "picture", "would", "remain", "fairly", "bright", ".", "Many", "foreign", "trading", "offices", "in", "Hong", "Kong", "were", "swamped", "with", "telexes", "and", "telephone", "calls", "from", "Chinese", "trade", "officials", "urging", "them", "not", "to", "sever", "ties", ".", "Even", "the", "Bank", "of", "China", ",", "which", "normally", "took", "weeks", "to", "process", "letters", "of", "credit", ",", "was", "settling", "the", "letters", "at", "record", "speed", "to", "dispel", "rumors", "about", "the", "bank", "'s", "financial", "health", ".", "But", "when", "foreign", "traders", "tried", "to", "do", "business", ",", "they", "discovered", "that", "the", "eagerness", "of", "Chinese", "trade", "officials", "was", "just", "a", "smokescreen", ".", "The", "suspension", "of", "foreign", "loans", "has", "weakened", "the", "buying", "power", "of", "China", "'s", "national", "trading", "companies", ",", "which", "are", "among", "the", "country", "'s", "biggest", "importers", ".", "Business", "is", "n't", "any", "better", "on", "the", "provincial", "or", "municipal", "level", ",", "foreign", "traders", "say", ".", "Shanghai", "Investment", "&", "Trust", "Co.", ",", "known", "as", "Sitco", ",", "is", "the", "city", "'s", "main", "financier", "for", "trading", "business", ".", "Sitco", "had", "customarily", "tapped", "the", "Japanese", "bond", "market", "for", "funds", ",", "but", "it", "ca", "n't", "do", "that", "any", "longer", ".", "Foreign", "traders", "say", "the", "company", "is", "strapped", "for", "cash", ".", "``", "It", "has", "difficulties", "paying", "its", "foreign", "debts", ",", "''", "says", "a", "Hong", "Kong", "executive", "who", "is", "familiar", "with", "Sitco", "'s", "business", ".", "``", "How", "can", "it", "make", "available", "funds", "for", "purchases", "?", "''", "Foreign", "traders", "also", "say", "many", "of", "China", "'s", "big", "infrastructural", "projects", "have", "been", "canceled", "or", "postponed", "because", "of", "the", "squeeze", "on", "domestic", "and", "foreign", "credit", ".", "Albert", "Lee", ",", "a", "veteran", "trader", "who", "specializes", "in", "machinery", "sales", ",", "estimates", "that", "as", "many", "as", "70", "%", "of", "projects", "that", "had", "obtained", "approval", "to", "proceed", "have", "been", "canceled", "in", "recent", "months", ".", "``", "There", "are", "virtually", "no", "new", "projects", ",", "and", "that", "means", "no", "new", "business", "for", "us", ",", "''", "he", "says", ".", "Even", "when", "new", "lending", "resumes", ",", "foreign", "exchange", "would", "still", "be", "tight", "because", "Beijing", "will", "likely", "try", "to", "rein", "in", "foreign", "borrowing", ",", "which", "has", "grown", "between", "30", "%", "and", "40", "%", "in", "the", "past", "few", "years", ".", "And", "foreign", "creditors", "are", "likely", "to", "be", "more", "cautious", "about", "extending", "new", "loans", "because", "China", "is", "nearing", "a", "peak", "repayment", "period", "as", "many", "loans", "start", "falling", "due", "in", "the", "next", "two", "to", "five", "years", ".", "Another", "reason", "for", "the", "intensity", "of", "the", "trade", "problems", "is", "that", "Beijing", "has", "extended", "the", "current", "clampdown", "on", "imports", "beyond", "the", "usual", "target", "of", "consumer", "products", "to", "include", "steel", ",", "chemical", "fertilizers", "and", "plastics", ".", "These", "have", "been", "among", "the", "country", "'s", "leading", "imports", ",", "particularly", "last", "year", "when", "there", "were", "shortages", "that", "led", "many", "traders", "to", "buy", "heavily", "and", "pay", "dearly", ".", "But", "the", "shortages", "also", "spawned", "rampant", "speculation", "and", "spiraling", "prices", ".", "To", "stem", "speculation", ",", "Beijing", "imposed", "ceiling", "prices", "that", "went", "into", "effect", "earlier", "this", "year", ".", "Traders", "who", "had", "bought", "the", "goods", "at", "prices", "above", "the", "ceiling", "do", "n't", "want", "to", "take", "a", "loss", "on", "resales", "and", "are", "holding", "onto", "their", "stock", ".", "The", "resulting", "stockpiling", "has", "depressed", "the", "market", ".", "But", "Beijing", "ca", "n't", "cut", "back", "on", "such", "essential", "imports", "as", "raw", "materials", "for", "too", "long", "without", "hampering", "the", "country", "'s", "export", "business", ".", "Mr.", "Kamm", ",", "the", "China", "trade", "expert", ",", "estimates", "that", "as", "much", "as", "50", "%", "of", "Guangdong", "'s", "exports", "is", "made", "up", "of", "processed", "imported", "raw", "materials", "." ]
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[ "After", "watching", "interest", "in", "the", "sport", "plummet", "for", "years", ",", "the", "ski", "industry", "is", "trying", "to", "give", "itself", "a", "lift", ".", "Across", "the", "country", ",", "resorts", "are", "using", "everything", "from", "fireworks", "to", "classical-music", "concerts", "to", "attract", "new", "customers", ".", "Some", "have", "built", "health", "spas", ",", "business", "centers", "and", "shopping", "villages", "so", "visitors", "have", "more", "to", "do", "than", "ski", ".", "And", "this", "week", ",", "the", "industry", "'s", "efforts", "will", "go", "national", "for", "the", "first", "time", "when", "it", "unveils", "a", "$", "7", "million", "advertising", "campaign", ".", "Such", "efforts", "--", "unheard", "of", "only", "a", "few", "years", "ago", "--", "are", "the", "latest", "attempts", "to", "revive", "the", "sagging", "$", "1.76", "billion", "U.S.", "ski", "industry", ".", "Since", "the", "start", "of", "the", "decade", ",", "lift-ticket", "sales", "have", "grown", "only", "3", "%", "a", "year", "on", "average", ",", "compared", "with", "16", "%", "annual", "growth", "rates", "in", "the", "'60s", "and", "'70s", ".", "Last", "season", ",", "lift-ticket", "sales", "fell", "for", "the", "first", "time", "in", "seven", "years", ".", "By", "some", "estimates", ",", "nearly", "a", "fourth", "of", "all", "U.S.", "ski", "areas", "have", "been", "forced", "to", "shut", "down", "since", "the", "early", "'80s", ".", "Competition", "and", "mounting", "insurance", "and", "equipment", "costs", "have", "been", "the", "undoing", "of", "many", "resorts", ".", "But", "another", "big", "problem", "has", "been", "the", "aging", "of", "baby", "boomers", ".", "Skiing", ",", "after", "all", ",", "has", "mainly", "been", "for", "the", "young", "and", "daring", "and", "many", "baby", "boomers", "have", "outgrown", "skiing", "or", "have", "too", "many", "family", "responsibilities", "to", "stick", "with", "the", "sport", ".", "In", "its", "new", "ad", "campaign", ",", "created", "by", "D'Arcy", "Masius", "Benton", "&", "Bowles", "Inc.", ",", "Chicago", ",", "the", "ski", "industry", "is", "trying", "to", "change", "its", "image", "as", "a", "sport", "primarily", "for", "young", "white", "people", ".", "One", "60-second", "TV", "spot", "features", "a", "diverse", "group", "of", "skiers", "gracefully", "gliding", "down", "sun-drenched", "slopes", ":", "senior", "citizens", ",", "minorities", ",", "families", "with", "children", "--", "even", "a", "blind", "skier", ".", "``", "Ski", "school", "is", "great", ",", "''", "cries", "out", "a", "tot", ",", "bundled", "in", "a", "snowsuit", "as", "he", "plows", "down", "a", "bunny", "slope", ".", "``", "You", "'ll", "never", "know", "'til", "you", "try", ",", "''", "says", "a", "black", "skier", ".", "``", "We", "used", "to", "show", "some", "hot-dog", "skier", "in", "his", "twenties", "or", "thirties", "going", "over", "the", "edge", "of", "a", "cliff", ",", "''", "says", "Kathe", "Dillmann", ",", "a", "spokeswoman", "for", "the", "United", "Ski", "Industries", "Association", ",", "the", "trade", "group", "sponsoring", "the", "campaign", ".", "Ski", "promotions", "have", "traditionally", "avoided", "the", "touchy", "issue", "of", "safety", ".", "But", "the", "new", "commercials", "deal", "with", "it", "indirectly", "by", "showing", "a", "woman", "smiling", "as", "she", "tries", "to", "get", "up", "from", "a", "fall", ".", "``", "We", "wanted", "to", "show", "it", "'s", "okay", "if", "you", "fall", ",", "''", "says", "Ms.", "Dillmann", ".", "``", "Most", "people", "think", "if", "you", "slip", ",", "you", "'ll", "wind", "up", "in", "a", "body", "cast", ".", "''", "The", "ad", "campaign", "represents", "an", "unusual", "spirit", "of", "cooperation", "among", "resorts", "and", "ski", "equipment", "makers", ";", "normally", ",", "they", "only", "run", "ads", "hyping", "their", "own", "products", "and", "facilities", ".", "But", "in", "these", "crunch", "times", "for", "the", "ski", "industry", ",", "some", "resorts", ",", "such", "as", "the", "Angel", "Fire", ",", "Red", "River", "and", "Taos", "ski", "areas", "in", "New", "Mexico", ",", "have", "even", "started", "shuttle-busing", "skiers", "to", "each", "other", "'s", "slopes", "and", "next", "year", "plan", "to", "sell", "tickets", "good", "for", "all", "local", "lifts", ".", "Many", "resorts", "also", "are", "focusing", "more", "on", "the", "service", "side", "of", "their", "business", ".", "Since", "40", "%", "of", "skiers", "are", "parents", ",", "many", "slopes", "are", "building", "nurseries", ",", "expanding", "ski", "schools", "and", "adding", "entertainment", "for", "kids", ".", "Vail", ",", "Colo.", ",", "now", "has", "a", "playland", "that", "looks", "like", "an", "old", "mining", "town", ";", "kids", "can", "ski", "through", "and", "pan", "for", "fool", "'s", "gold", ".", "For", "$", "15", ",", "they", "can", "enjoy", "their", "own", "nightly", "entertainment", ",", "with", "dinner", ",", "without", "mom", "and", "dad", ".", "A", "few", "years", "ago", ",", "parents", "usually", "had", "to", "hire", "a", "sitter", "or", "take", "turns", "skiing", "while", "one", "spouse", "stayed", "with", "the", "children", ".", "``", "Most", "parents", "who", "had", "to", "go", "through", "that", "never", "came", "back", ",", "''", "says", "Michael", "Shannon", ",", "president", "of", "Vail", "Associates", "Inc.", ",", "which", "owns", "and", "operates", "the", "Vail", "and", "nearby", "Beaver", "Creek", "resorts", ".", "To", "make", "skiing", "more", "convenient", "for", "time-strapped", "visitors", ",", "several", "resorts", "are", "buying", "or", "starting", "their", "own", "travel", "agencies", ".", "In", "one", "phone", "call", ",", "ski", "buffs", "can", "make", "hotel", "and", "restaurant", "reservations", ",", "buy", "lift", "tickets", ",", "rent", "ski", "equipment", "and", "sign", "up", "for", "lessons", ".", "And", "resorts", "are", "adding", "other", "amenities", ",", "such", "as", "pricey", "restaurants", ",", "health", "spas", "and", "vacation", "packages", "with", "a", "twist", ".", "During", "Winter", "Carnival", "week", ",", "for", "example", ",", "visitors", "at", "Sunday", "River", "in", "Maine", "can", "take", "a", "hot-air", "balloon", "ride", ".", "``", "People", "these", "days", "want", "something", "else", "to", "do", "besides", "ski", "and", "sit", "in", "the", "bar", ",", "''", "says", "Don", "Borgeson", ",", "executive", "director", "of", "Angel", "Fire", ",", "N.M.", "'s", "Chamber", "of", "Commerce", ".", "The", "ski", "industry", "hopes", "to", "increase", "the", "number", "of", "skiers", "by", "3.5", "million", "to", "about", "21.7", "million", "in", "the", "next", "five", "years", "with", "its", "latest", "ads", "and", "promotions", ".", "But", "some", "think", "that", "'s", "being", "overly", "optimistic", ".", "For", "one", "thing", ",", "it", "may", "be", "tough", "to", "attract", "people", "because", 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[ "Reebok", "International", "Ltd.", "posted", "a", "35", "%", "increase", "in", "third-quarter", "net", "income", "despite", "a", "slight", "decline", "in", "sales", ".", "The", "athletic", "footwear", "maker", "said", "net", "rose", "to", "$", "49.9", "million", ",", "or", "44", "cents", "a", "share", ",", "from", "$", "37.1", "million", ",", "or", "32", "cents", "a", "share", ",", "a", "year", "earlier", ".", "Sales", "declined", "3", "%", "to", "$", "524.5", "million", "from", "$", "539.4", "million", ".", "Paul", "Fireman", ",", "Reebok", "chairman", "and", "chief", "executive", "officer", ",", "said", ",", "``", "Our", "gains", "in", "earnings", "provide", "further", "evidence", "that", "the", "controls", "we", "have", "put", "in", "place", "and", "our", "sales", "mix", "are", "continuing", "to", "improve", "the", "company", "'s", "overall", "profit", "performance", ".", "''", "The", "company", "said", "it", "expects", "sales", "to", "improve", "due", "to", "a", "number", "of", "new", "products", ",", "including", "a", "``", "pump", "''", "basketball", "shoe", "that", "can", "be", "inflated", "to", "better", "fit", "the", "foot", ".", "In", "the", "first", "nine", "months", ",", "net", "was", "$", "140", "million", ",", "or", "$", "1.23", "a", "share", ",", "on", "sales", "of", "$", "1.44", "billion", ".", "Separately", ",", "Reebok", "completed", "the", "acquisition", "of", "CML", "Group", "Inc.", "'s", "Boston", "Whaler", "unit", ",", "a", "builder", "of", "power", "boats", ".", "CML", ",", "Acton", ",", "Mass.", ",", "had", "agreed", "to", "sell", "the", "unit", "to", "Reebok", "for", "about", "$", "42", "million", ".", "The", "agreement", "also", "called", "for", "Reebok", "to", "receive", "warrants", "to", "purchase", "400,000", "shares", "of", "CML", "common", "at", "$", "31.25", "a", "share", ",", "exercisable", "at", "any", "time", "before", "July", "1", ",", "An", "outside", "spokesman", "for", "CML", "said", "the", "terms", "were", "changed", "to", "a", "minor", "extent", "but", "would", "n't", "disclose", "what", "those", "changes", "were", "." ]
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[ "Battle-tested", "Japanese", "industrial", "managers", "here", "always", "buck", "up", "nervous", "newcomers", "with", "the", "tale", "of", "the", "first", "of", "their", "countrymen", "to", "visit", "Mexico", ",", "a", "boatload", "of", "samurai", "warriors", "blown", "ashore", "375", "years", "ago", ".", "``", "From", "the", "beginning", ",", "it", "took", "a", "man", "with", "extraordinary", "qualities", "to", "succeed", "in", "Mexico", ",", "''", "says", "Kimihide", "Takimura", ",", "president", "of", "Mitsui", "group", "'s", "Kensetsu", "Engineering", "Inc.", "unit", ".", "Here", "in", "this", "new", "center", "for", "Japanese", "assembly", "plants", "just", "across", "the", "border", "from", "San", "Diego", ",", "turnover", "is", "dizzying", ",", "infrastructure", "shoddy", ",", "bureaucracy", "intense", ".", "Even", "after-hours", "drag", ";", "``", "karaoke", "''", "bars", ",", "where", "Japanese", "revelers", "sing", "over", "recorded", "music", ",", "are", "prohibited", "by", "Mexico", "'s", "powerful", "musicians", "union", ".", "Still", ",", "20", "Japanese", "companies", ",", "including", "giants", "such", "as", "Sanyo", "Industries", "Corp.", ",", "Matsushita", "Electronics", "Components", "Corp.", "and", "Sony", "Corp.", "have", "set", "up", "shop", "in", "the", "state", "of", "Northern", "Baja", "California", ".", "Keeping", "the", "Japanese", "happy", "will", "be", "one", "of", "the", "most", "important", "tasks", "facing", "conservative", "leader", "Ernesto", "Ruffo", "when", "he", "takes", "office", "Nov.", "1", ",", "as", "the", "first", "opposition", "governor", "in", "Mexico", "'s", "modern", "history", ".", "Mexico", ",", "with", "its", "desperate", "need", "for", "investment", ",", "and", "Japan", ",", "with", "its", "huge", "budget", "surplus", ",", "would", "seem", "like", "a", "perfect", "match", ".", "But", "the", "two", "countries", "remain", "separated", "by", "a", "cultural", "barrier", "wider", "than", "the", "ocean", ".", "Conservative", "Japanese", "investors", "are", "put", "off", "by", "what", "they", "consider", "Mexico", "'s", "restrictive", "investment", "regulations", "and", "loose", "work", "habits", ".", "From", "the", "Mexicans", "'", "viewpoint", ",", "vaunted", "tactics", "of", "methodical", "Japanese", "managers", "do", "n't", "count", "for", "much", "in", "a", "land", "where", "a", "saying", "says", "``", "there", "are", "no", "fixed", "rules", ".", "''", "Japan", "ranks", "as", "only", "the", "fourth", "largest", "foreign", "investor", "in", "Mexico", ",", "with", "5", "%", "of", "the", "total", "investments", ".", "That", "is", "just", "1", "%", "of", "all", "the", "money", "Japan", "has", "invested", "abroad", ".", "Mexican", "President", "Carlos", "Salinas", "de", "Gortari", "would", "like", "to", "change", "that", ".", "The", "young", "president", "so", "admires", "Japanese", "discipline", "that", "he", "sends", "his", "children", "to", "a", "Japanese", "school", "in", "Mexico", "City", ".", "He", "already", "has", "finagled", "a", "$", "2", "billion", "loan", "from", "the", "Japanese", "government", ".", "But", "Mexico", "urgently", "needs", "more", "help", ".", "Mr.", "Salinas", "'s", "unpopular", "Institutional", "Revolutionary", "Party", ",", "or", "PRI", ",", "faces", "congressional", "elections", "in", "1991", ".", "For", "the", "PRI", "to", "stand", "a", "chance", ",", "Mr.", "Salinas", "has", "to", "press", "on", "with", "an", "economic", "program", "that", "so", "far", "has", "succeeded", "in", "lowering", "inflation", "and", "providing", "moderate", "economic", "growth", ".", "But", "maintaining", "the", "key", "components", "of", "his", "strategy", "--", "a", "stable", "exchange", "rate", "and", "high", "level", "of", "imports", "--", "will", "consume", "enormous", "amounts", "of", "foreign", "exchange", ".", "Mr.", "Salinas", "needs", "big", "investment", "inflows", "--", "quickly", ".", "The", "problem", "is", "that", "Japanese", "businesses", "make", "decisions", "with", "a", "view", "well", "beyond", "the", "coming", "months", "that", "weigh", "so", "heavily", "on", "Mr.", "Salinas", ".", "``", "The", "Japanese", "will", "come", "to", "Mexico", ",", "but", "not", "immediately", ",", "''", "says", "Kazushige", "Suzuki", ",", "director-general", "of", "the", "Japanese", "External", "Trade", "Organization", "in", "Mexico", ".", "If", "not", "now", ",", "when", "?", "``", "When", "the", "fruit", "is", "ripe", ",", "it", "falls", "from", "the", "tree", "by", "itself", ",", "''", "he", "says", ".", "Pressed", "on", "the", "matter", ",", "he", "is", "more", "specific", ".", "``", "There", "will", "be", "big", "Japanese", "investments", "probably", "five", "to", "10", "years", "from", "now", ".", "''", "Ryukichi", "Imai", ",", "Japan", "'s", "ambassador", "to", "Mexico", ",", "agrees", "that", "Mexico", "may", "be", "too", "eager", ".", "``", "There", "seems", "to", "be", "a", "presumption", "in", "some", "sectors", "of", "(", "Mexico", "'s", ")", "government", "that", "there", "is", "a", "lot", "of", "Japanese", "money", "waiting", "behind", "the", "gate", ",", "and", "that", "by", "slightly", "opening", "the", "gate", ",", "that", "money", "will", "enter", "Mexico", ".", "I", "do", "n't", "think", "that", "is", "the", "case", ".", "''", "Mexican", "officials", "maintain", "the", "Japanese", "reserve", "is", "only", "a", "result", "of", "unfamiliarity", ".", "``", "Because", "of", "distance", ",", "it", "takes", "a", "while", "for", "them", "to", "appreciate", "the", "economic", "stability", "we", "'ve", "achieved", ",", "''", "says", "one", "economic", "policymaker", ".", "Mexico", "is", "sending", "a", "number", "of", "missions", "to", "Japan", "looking", "for", "a", "major", "breakthrough", "investment", "in", "telecommunications", ",", "petrochemicals", "or", "tourism", ".", "It", "is", "hoped", "that", "other", "Japanese", "would", "then", "follow", "the", "leader", ".", "But", "Japanese", "investors", "say", "that", "their", "reluctance", "to", "invest", "stems", "not", "only", "from", "concerns", "about", "Mexico", "'s", "economic", "outlook", ",", "but", "also", "reservations", "about", "Mexico", "'s", "recently", "revamped", "investment", "law", ".", "Unable", "to", "get", "a", "new", "law", "through", "a", "congress", "with", "a", "strong", "leftist", "bloc", ",", "Mexico", "jury-rigged", "the", "existing", "law", "'s", "regulations", ".", "It", "created", "special", "20-year", "trusts", "to", "allow", "foreigners", "100", "%", "ownership", "in", "some", "once-closed", "industries", ".", "It", "also", "made", "artful", "use", "of", "semantics", ",", "redefining", "as", "non-strategic", "industries", "some", "that", "had", "been", "in", "the", "national", "domain", ".", "``", "Those", "devices", "do", "n't", "give", "sufficient", "certainty", "to", "our", "bosses", "in", "Japan", ",", "''", "says", "Yasuo", "Nakamura", ",", "representative", "of", "the", "Industrial", "Bank", "of", "Japan", ".", "Mr.", "Nakamura", "cites", "the", "case", "of", "a", "customer", "who", "wants", "to", "build", "a", "giant", "tourism", "complex", "in", "Baja", "and", "has", "been", "trying", "for", "eight", "years", "to", "get", "around", "Mexican", "restrictions", "on", "foreign", "ownership", "of", "beachfront", "property", ".", "He", "could", "develop", "the", "beach", "through", "a", "trust", ",", "but", "instead", "is", "trying", "have", "his", "grandson", "become", "a", "naturalized", "Mexican", "so", "his", "family", "gains", "direct", "control", ".", "Some", "say", "the", "best", "hope", "for", "the", "Mexicans", "is", "catching", "the", "eye", "of", "Japan", "by", "promoting", "the", "one", "industry", "the", "Japanese", "clearly", "like", "--", "the", "border", "assembly", "plants", ",", "known", "as", "``", "maquiladoras", ",", "''", "which", "are", "open", "to", "100", "%", "foreign", "control", ".", "``", "We", "must", "do", "more", "to", "help", "the", "Japanese", "here", "in", "Baja", "if", "we", "want", "them", "to", "invest", "elsewhere", ",", "''", "says", "Mr.", "Ruffo", ",", "the", "governor-elect", "of", "the", "National", "Action", "Party", "and", "himself", "a", "succesful", "businessman", ".", "Plant", "operators", "are", "heartened", "by", "Mr.", "Ruffo", "'s", "pledge", "to", "cut", "corruption", "associated", "with", "the", "ruling", "party", "officials", ".", "But", "Mr.", "Ruffo", "frets", "that", "an", "even", "bigger", "problem", "could", "be", "protectionism", "from", "the", "U.S.", ",", "where", "some", "politicians", "oppose", "what", "they", "consider", "Japanese", "efforts", "to", "use", "maquiladoras", "to", "crack", "the", "U.S.", "market", "through", "the", "back", "door", "." ]
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[ "Wang", "Laboratories", "Inc.", "has", "sold", "$", "25", "million", "of", "assets", "and", "reached", "agreements", "in", "principle", "to", "sell", "an", "additional", "$", "187", "million", "shortly", ",", "Richard", "Miller", ",", "president", ",", "said", "at", "the", "annual", "meeting", ".", "He", "said", "Wang", "had", "reached", "an", "agreement", "with", "a", "``", "major", "financial", "firm", "''", "to", "sell", "for", "$", "150", "million", "its", "domestic", "equipment", "lease", "portfolio", "and", "that", "of", "its", "Wang", "Credit", "Corp.", "subsidiary", ".", "He", "said", "it", "also", "agreed", "to", "sell", "a", "portion", "of", "its", "European", "real", "estate", "unit", "for", "$", "37", "million", ".", "Mr.", "Miller", "said", "that", "Wang", "has", "already", "sold", "some", "$", "12", "million", "of", "miscellaneous", "assets", "and", "disclosed", "that", "it", "had", "received", "$", "13", "million", "from", "Compaq", "Computer", "Corp.", ",", "Houston", ",", "in", "the", "previously", "announced", "sale", "of", "its", "Stirling", ",", "Scotland", ",", "plant", ".", "Mr.", "Miller", "repeated", "that", "in", "the", "next", "six", "months", "he", "plans", "to", "sell", "another", "$", "200", "million", "to", "$", "300", "million", "of", "assets", "to", "repay", "debt", "and", "reduce", "interest", "costs", "at", "Wang", ",", "a", "minincomputer", "maker", "in", "Lowell", ",", "Mass", ".", "In", "response", "to", "questions", "after", "the", "annual", "meeting", ",", "Mr.", "Miller", "said", "the", "company", "is", "no", "longer", "looking", "for", "an", "equity", "investor", ".", "During", "the", "summer", ",", "Wang", "executives", "had", "said", "they", "might", "seek", "outside", "investment", "." ]
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[ "compound", "compound", "nsubj", "aux", "ccomp", "obj", "compound", "nummod", "case", "nmod", "cc", "conj", "obj", "case", "nmod", "mark", "acl", "det", "amod", "obj", "compound", "nummod", "advmod", "punct", "compound", "nsubj", "punct", "appos", "punct", "root", "case", "det", "amod", "obl", "punct", "nsubj", "root", "nsubj", "aux", "ccomp", "det", "obj", "case", "det", "punct", "amod", "amod", "nmod", "punct", "mark", "acl", "case", "obl", "compound", "nummod", "nmod:poss", "amod", "compound", "compound", "obj", "cc", "conj", "case", "nmod:poss", "compound", "compound", "compound", "nmod", "punct", "nsubj", "root", "nsubj", "advmod", "ccomp", "mark", "xcomp", "det", "obj", "case", "nmod:poss", "amod", "amod", "compound", "nmod", "case", "obl", "compound", "nummod", "punct", "compound", "nsubj", "root", "mark", "nsubj", "aux", "advmod", "ccomp", "advmod", "obj", "compound", "nummod", "case", "amod", "nmod", "cc", "conj", "mark", "nsubj", "aux", "ccomp", "obj", "compound", "nummod", "case", "compound", "compound", "obl", "punct", "appos", "punct", "case", "det", "advmod", "amod", "obl", "case", "nmod:poss", "compound", "punct", "appos", "punct", "nmod", "punct", "compound", "nsubj", "root", "mark", "case", "det", "amod", "nummod", "obl", "nsubj", "ccomp", "mark", "xcomp", "det", "dep", "compound", "compound", "dep", "obj", "compound", "nummod", "case", "nmod", "mark", "advcl", "obj", "cc", "conj", "compound", "obj", "case", "nmod", "punct", "det", "amod", "appos", "case", "nmod", "punct", "appos", "punct", "case", "obl", "case", "nmod", "case", "det", "amod", "nmod", "punct", "compound", "nsubj", "root", "det", "nsubj", "aux", "dep", "advmod", "ccomp", "case", "det", "compound", "obl", "punct", "case", "det", "obl", "punct", "compound", "nsubj", "aux", "root", "nsubj", "aux", "ccomp", "amod", "obj", "punct" ]
[ "Robert", "G.", "Walden", ",", "62", "years", "old", ",", "was", "elected", "a", "director", "of", "this", "provider", "of", "advanced", "technology", "systems", "and", "services", ",", "increasing", "the", "board", "to", "eight", "members", ".", "He", "retired", "as", "senior", "vice", "president", ",", "finance", "and", "administration", ",", "and", "chief", "financial", "officer", "of", "the", "company", "Oct.", "1", "." ]
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[ "compound", "compound", "nsubj:pass", "punct", "nummod", "obl:npmod", "amod", "punct", "aux:pass", "root", "det", "xcomp", "case", "det", "nmod", "case", "amod", "compound", "nmod", "cc", "conj", "punct", "xcomp", "det", "obj", "case", "nummod", "obl", "punct", "nsubj", "root", "case", "amod", "compound", "obl", "punct", "appos", "cc", "conj", "punct", "cc", "amod", "amod", "conj", "case", "det", "nmod", "obl:tmod", "nummod", "punct" ]
[ "Greece", "'s", "second", "bout", "of", "general", "elections", "this", "year", "is", "slated", "for", "Nov.", "5", ".", "For", "those", "hoping", "to", "see", "a", "modicum", "of", "political", "normalcy", "restored", "--", "in", "view", "of", "Greece", "'s", "eight-year", "misadventure", "under", "autocratic", "pseudosocialism", "and", "subsequent", "three-month", "hitch", "with", "a", "conservative-communist", "coalition", "government", "--", "there", "is", "but", "one", "bright", "sign", ":", "The", "scandals", "still", "encircling", "former", "Prime", "Minister", "Andreas", "Papandreou", "and", "his", "fallen", "socialist", "government", "are", "like", "flies", "buzzing", "around", "a", "rotting", "carcass", ".", "In", "the", "mid-June", "round", "of", "voting", ",", "Greeks", "gave", "no", "clear", "mandate", "to", "any", "single", "political", "party", ".", "The", "ad", "interim", "coalition", "government", "that", "emerged", "from", "post-electoral", "hagglings", "was", ",", "in", "essence", ",", "little", "more", "than", "the", "ill-conceived", "offspring", "of", "ideological", "miscegenation", ":", "On", "one", "side", ",", "the", "center-right", "New", "Democracy", "Party", ",", "headed", "by", "Constantine", "Mitsotakis", ".", "On", "the", "other", ",", "the", "so-called", "Coalition", "of", "the", "Left", "and", "Progress", "--", "a", "quaint", "and", "rather", "deceptive", "title", "for", "a", "merger", "of", "the", "pro-Soviet", "Communist", "Party", "of", "Greece", "and", "its", "Euro-Communist", "cousin", ",", "the", "Hellenic", "Left", ".", "The", "unifying", "bond", "for", "this", "left-right", "mismatch", "was", "plain", ":", "PASOK", "(", "Mr.", "Papandreou", "'s", "party", ")", "as", "common", "political", "enemy", ".", "The", "ostensible", "goal", "was", "a", "mop-up", "of", "government", "corruption", ",", "purportedly", "at", "all", "levels", ",", "but", "the", "main", "marks", "were", "Mr.", "Papandreou", "and", "his", "closest", "associates", ".", "In", "point", "of", "fact", ",", "this", "catharsis", "was", "overdue", "by", "decades", ".", "When", "reduced", "to", "buzzword", "status", "in", "ex", "parte", "pledges", ",", "however", ",", "the", "notion", "transmogrified", "into", "a", "promised", "assault", ",", "with", "targets", "primarily", "for", "political", "gains", ",", "not", "justice", ".", "With", "regard", "to", "Greece", "'s", "long-bubbling", "bank-looting", "scandal", ",", "Mr.", "Papandreou", "'s", "principal", "accuser", "remains", "George", "Koskotas", ",", "former", "owner", "of", "the", "Bank", "of", "Crete", "and", "self-confessed", "embezzler", ",", "now", "residing", "in", "a", "jail", "cell", "in", "Salem", ",", "Mass.", ",", "from", "where", "he", "is", "fighting", "extradition", "proceedings", "that", "would", "return", "him", "to", "Greece", ".", "Mr.", "Koskotas", "'s", "credibility", "is", ",", "at", "best", ",", "problematic", ".", "He", "has", "ample", "motive", "to", "shift", "the", "blame", ",", "and", "his", "testimony", "has", "also", "been", "found", "less", "than", "forthright", "on", "numerous", "points", ".", "Nevertheless", ",", "the", "New", "Democracy", "and", "Communist", "parties", "herald", "his", "assertions", "as", "proof", "of", "PASOK", "complicity", ".", "Among", "unanswered", "questions", "are", "whether", "Mr.", "Papandreou", "received", "$", "23", "million", "of", "stolen", "Bank", "of", "Crete", "funds", "and", "an", "additional", "$", "734,000", "in", "bribes", ",", "as", "contended", ";", "whether", "the", "prime", "minister", "ordered", "state", "agencies", "to", "deposit", "some", "$", "57", "million", "in", "Mr.", "Koskotas", "'s", "bank", "and", "then", "skim", "off", "the", "interest", ";", "and", ",", "what", "PASOK", "'s", "cut", "was", "from", "the", "$", "210", "million", "Mr.", "Koskotas", "pinched", ".", "Two", "former", "ministers", "were", "so", "heavily", "implicated", "in", "the", "Koskotas", "affair", "that", "PASOK", "members", "of", "Parliament", "voted", "to", "refer", "them", "to", "the", "special", "court", ".", "But", "eluding", "parliamentary", "probe", "was", "the", "case", "of", "millions", "of", "drachmas", "Mr.", "Koskotas", "funneled", "into", "New", "Democracy", "coffers", ".", "In", "the", "end", ",", "the", "investigation", "produced", "only", "circumstantial", "evidence", "and", "``", "indications", "''", "that", "point", "to", "PASOK", ",", "not", "clinching", "proof", ".", "On", "another", "issue", ",", "Greeks", "were", "told", "how", "their", "national", "intelligence", "agency", ",", "the", "EYP", ",", "regularly", "monitored", "the", "telephone", "conversations", "of", "prominent", "figures", ",", "including", "key", "opposition", "politicians", ",", "journalists", "and", "PASOK", "cabinet", "members", ".", "Despite", "convincing", "arguments", ",", "it", "was", "never", "established", "that", "Mr.", "Papandreou", "personally", "ordered", "or", "directed", "the", "wiretaps", ".", "The", "central", "weakness", "of", "the", "``", "scandals", "''", "debates", "was", "pointed", "up", "especially", "well", "when", "discussions", "focused", "on", "arms", "deals", "and", "kickbacks", ".", "The", "coalition", "government", "tried", "to", "show", "that", "PASOK", "ministers", "had", "received", "hefty", "sums", "for", "OKing", "the", "purchase", "of", "F-16", "Fighting", "Falcon", "and", "Mirage", "2000", "combat", "aircraft", ",", "produced", "by", "the", "U.S.based", "General", "Dynamics", "Corp.", "and", "France", "'s", "Avions", "Marcel", "Dassault", ",", "respectively", ".", "Naturally", ",", "neither", "General", "Dynamics", "nor", "Dassault", "could", "be", "expected", "to", "hamper", "its", "prospective", "future", "dealings", "by", "making", "disclosures", "of", "sums", "paid", "(", "or", "not", ")", "to", "various", "Greek", "officials", "for", "services", "rendered", ".", "So", "it", "seems", "that", "Mr.", "Mitsotakis", "and", "his", "communist", "chums", "may", "have", "unwittingly", "served", "Mr.", "Papandreou", "a", "moral", "victory", "on", "a", "platter", ":", "PASOK", ",", "whether", "guilty", "or", "not", ",", "can", "now", "traipse", "the", "countryside", "condemning", "the", "whole", "affair", "as", "a", "witch", "hunt", "at", "Mr.", "Papandreou", "'s", "expense", ".", "But", "while", "verbal", "high", "jinks", "alone", "wo", "n't", "help", "PASOK", "regain", "power", ",", "Mr.", "Papandreou", "should", "never", "be", "underestimated", ".", "First", "came", "his", "predictable", "fusillade", ":", "He", "charged", "the", "Coalition", "of", "the", "Left", "and", "Progress", "had", "sold", "out", "its", "leftist", "tenets", "by", "collaborating", "in", "a", "right-wing", "plot", "aimed", "at", "ousting", "PASOK", "and", "thwarting", "the", "course", "of", "socialism", "in", "Greece", ".", "Then", ",", "to", "buttress", "his", "credibility", "with", "the", "left", ",", "he", "enticed", "some", "smaller", "leftist", "parties", "to", "stand", "for", "election", "under", "the", "PASOK", "banner", ".", "Next", ",", "he", "continued", "to", "court", "the", "communists", "--", "many", "of", "whom", "feel", "betrayed", "by", "the", "left-right", "coalition", "'s", "birth", "--", "by", "bringing", "into", "PASOK", "a", "well-respected", "Communist", "Party", "candidate", ".", "For", "balance", ",", "and", "in", "hopes", "of", "gaining", "some", "disaffected", "centrist", "votes", ",", "he", "managed", "to", "attract", "a", "former", "New", "Democracy", "Party", "representative", "and", "known", "political", "enemy", "of", "Mr.", "Mitsotakis", ".", "Thus", "PASOK", "heads", "for", "the", "polls", "not", "only", "with", "diminished", "scandal-stench", ",", "but", "also", "with", "``", "seals", "of", "approval", "''", "from", "representatives", "of", "its", "harshest", "accusers", ".", "Crucial", "as", "these", "elections", "are", "for", "Greece", ",", "pressing", "issues", "of", "state", "are", "getting", "lost", "in", "the", "shuffle", ".", "The", "country", "'s", "future", "NATO", "participation", "remains", "unsure", ",", "for", "instance", ".", "Greece", "also", "must", "revamp", "major", "pieces", "of", "legislation", "in", "preparation", "for", "the", "1992", "targets", "of", "heightened", "Common", "Market", "cooperation", ".", "Greece", "'s", "bilateral", "relations", "with", "the", "U.S.", "need", "attention", "soon", "as", "well", ".", "For", "one", ",", "the", "current", "accord", "concerning", "U.S.", "military", "bases", "in", "Greece", "lapses", "in", "May", "1990", ".", "Negotiations", "for", "a", "new", "agreement", "were", "frozen", "before", "the", "June", "elections", ",", "but", "the", "clock", "is", "running", ".", "Another", "matter", "of", "concern", "is", "the", "extradition", "of", "Mohammed", "Rashid", ",", "a", "Palestinian", "terrorist", "who", "is", "wanted", "in", "the", "U.S.", "for", "the", "1982", "bombing", "of", "a", "Pan", "American", "Airways", "flight", ".", "The", "Greek", "courts", "have", "decided", "in", "favor", "of", "extradition", "in", "the", "Rashid", "case", ",", "but", "the", "matter", "awaits", "final", "approval", "from", "Greece", "'s", "next", "justice", "minister", ".", "The", "Greeks", "seem", "barely", "aware", "of", "the", "importance", "of", "the", "case", "as", "a", "litmus", "test", "of", "whether", "Greece", "will", "be", "counted", "in", "or", "out", "for", "international", "efforts", "to", "combat", "terrorism", ".", "That", "PASOK", "could", "win", "the", "elections", "outright", "is", "improbable", ";", "the", "Greek", "press", ",", "previously", "eager", "to", "palm", "off", "PASOK", "'s", "line", ",", "has", "turned", "on", "Mr.", "Papandreou", "with", "a", "wild-eyed", "vengeance", ".", "Yet", "the", "possibility", "of", "another", "lash-up", "government", "is", "all", "too", "real", ".", "If", "Mr.", "Papandreou", "becomes", "the", "major", "opposition", "leader", ",", "he", "could", "hamstring", "a", "conservative-led", "coalition", ".", "Also", ",", "he", "could", "force", "new", "elections", "early", "next", "year", "by", "frustrating", "the", "procedures", "for", "the", "election", "of", "the", "president", "of", "the", "republic", "in", "March", ".", "New", "Democracy", "has", "once", "again", "glaringly", "underestimated", "the", "opponent", "and", "linked", "its", "own", "prospects", "to", "negative", "reaction", "against", "PASOK", ",", "forgetting", "to", "tend", "to", "either", "program", "clarity", "or", "the", "rectification", "of", "internal", "squabbles", ".", "As", "for", "Mr.", "Papandreou", "?", "He", "'s", "not", "exactly", "sitting", "pretty", "at", "this", "stage", ".", "But", "since", "he", "is", "undoubtedly", "one", "of", "the", "most", "proficient", "bull", "slingers", "who", "ever", "raked", "muck", ",", "it", "seems", "far", "wiser", "to", "view", "him", "as", "sidelined", ",", "but", "certainly", "not", "yet", "eliminated", ".", "Mr.", "Carpenter", ",", "a", "regional", "correspondent", "for", "National", "Review", ",", "has", "lived", "in", "Athens", "since", "1981", "." ]
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[ "Housing", "construction", "sank", "in", "September", "to", "its", "lowest", "level", "since", "the", "last", "recession", ",", "the", "Commerce", "Department", "reported", ".", "Work", "began", "on", "homes", "and", "apartments", "at", "an", "annual", "rate", "of", "1,263,000", "units", "last", "month", ",", "down", "5.2", "%", "from", "August", ",", "the", "department", "said", ".", "The", "September", "decline", "followed", "an", "even", "steeper", "drop", "of", "6.2", "%", "in", "August", "and", "left", "housing", "starts", "at", "their", "weakest", "since", "October", "1982", ",", "when", "the", "country", "was", "nearing", "the", "end", "of", "a", "recession", ".", "Originally", "the", "department", "had", "reported", "the", "August", "decline", "as", "5", "%", ".", "The", "numbers", "suggest", "that", "the", "housing", "industry", "is", "still", "suffering", "the", "effects", "of", "the", "Federal", "Reserve", "'s", "battle", "against", "inflation", ".", "The", "industry", "had", "shown", "signs", "of", "recovery", "this", "summer", ",", "after", "the", "central", "bank", "began", "to", "relax", "its", "clamp", "on", "credit", ",", "allowing", "interest", "rates", "to", "drop", "a", "bit", "after", "pushing", "them", "up", "for", "a", "year", ".", "Sales", "of", "new", "homes", "rose", "and", "inventories", "of", "houses", ",", "which", "had", "been", "climbing", ",", "dropped", ".", "But", "last", "month", "new", "construction", "in", "all", "types", "of", "homes", "waned", ",", "from", "single-family", "houses", "to", "large", "apartment", "complexes", ".", "``", "It", "'s", "pretty", "much", "weak", "across", "the", "board", ",", "''", "said", "Martin", "Regalia", ",", "chief", "economist", "of", "the", "National", "Council", "of", "Savings", "Institutions", ".", "Mr.", "Regalia", "said", "the", "industry", "may", "be", "reluctant", "to", "step", "up", "building", "at", "the", "moment", "for", "fear", "the", "inventories", "of", "unsold", "homes", "will", "increase", "again", ".", "Another", "reason", "for", "the", "weakness", ",", "he", "said", ",", "may", "be", "that", "mortgage", "rates", "have", "hit", "a", "plateau", "since", "they", "began", "edging", "down", "after", "a", "peak", "in", "March", ".", "In", "August", ",", "rates", "on", "30-year", "fixed-rate", "mortgages", "started", "creeping", "up", "a", "bit", ",", "but", "they", "inched", "down", "again", "through", "September", ".", "``", "Rates", "have", "n't", "really", "peeled", "off", "that", "much", ",", "''", "Mr.", "Regalia", "said", ".", "``", "We", "'ve", "kind", "of", "settled", "now", "into", "an", "interest-rate", "environment", "that", "'s", "fairly", "high", ".", "''", "Work", "was", "begun", "on", "single", "family", "homes", "--", "the", "core", "of", "the", "housing", "market", "--", "at", "an", "annual", "rate", "of", "971,000", "in", "September", ",", "a", "drop", "of", "2.1", "%", "from", "the", "previous", "month", ".", "That", "followed", "a", "3.3", "%", "decline", "in", "August", ".", "Construction", "of", "apartments", "and", "other", "multi-family", "dwellings", "slipped", "2.2", "%", "to", "an", "annual", "rate", "of", "1,022,000", "following", "a", "3.5", "%", "decline", "in", "August", ".", "The", "number", "of", "building", "permits", "issued", "for", "future", "construction", "dropped", "2.4", "%", "to", "a", "1,296,000", "annual", "rate", "after", "rising", "3.7", "%", "in", "August", ".", "All", "the", "numbers", "were", "adjusted", "for", "normal", "seasonal", "variations", "in", "building", "activity", ".", "The", "housing", "starts", "numbers", ",", "however", ",", "are", "one", "of", "the", "least", "precise", "of", "the", "government", "'s", "economic", "indicators", "and", "are", "often", "revised", "significantly", "as", "more", "information", "is", "collected", "." ]
[ 2, 3, 18, 5, 3, 9, 9, 9, 3, 13, 13, 13, 9, 18, 17, 17, 18, 0, 18, 2, 25, 4, 2, 6, 4, 10, 10, 10, 2, 13, 13, 10, 15, 2, 2, 19, 19, 2, 21, 19, 25, 24, 25, 0, 25, 3, 3, 4, 0, 8, 7, 8, 4, 11, 11, 8, 13, 8, 15, 4, 17, 15, 20, 20, 15, 22, 20, 22, 22, 29, 27, 29, 29, 22, 31, 29, 34, 34, 31, 4, 5, 3, 5, 5, 0, 8, 8, 5, 11, 11, 5, 5, 2, 3, 0, 10, 7, 7, 10, 10, 10, 3, 12, 10, 18, 16, 16, 18, 16, 12, 20, 18, 3, 2, 4, 4, 0, 4, 7, 5, 9, 4, 4, 15, 14, 14, 15, 4, 17, 15, 19, 17, 21, 19, 17, 17, 25, 23, 27, 23, 29, 27, 31, 27, 31, 31, 36, 36, 31, 4, 5, 4, 4, 1, 0, 16, 16, 9, 7, 7, 14, 14, 14, 7, 16, 5, 5, 11, 3, 11, 5, 11, 8, 8, 5, 10, 8, 0, 11, 15, 15, 11, 19, 19, 19, 15, 11, 12, 6, 6, 5, 6, 12, 9, 9, 6, 12, 12, 0, 14, 12, 14, 17, 14, 21, 21, 21, 17, 24, 24, 21, 12, 2, 3, 0, 5, 8, 8, 8, 3, 10, 8, 10, 10, 15, 15, 8, 17, 8, 19, 24, 22, 22, 19, 24, 17, 24, 3, 2, 11, 5, 5, 2, 8, 8, 11, 8, 11, 0, 16, 14, 16, 16, 11, 18, 16, 21, 21, 16, 21, 22, 26, 26, 22, 28, 26, 11, 2, 9, 9, 9, 8, 8, 8, 4, 0, 9, 10, 13, 10, 9, 17, 17, 9, 17, 17, 21, 17, 9, 14, 6, 6, 6, 6, 14, 6, 9, 6, 14, 14, 13, 14, 0, 14, 6, 6, 6, 6, 4, 0, 6, 11, 11, 11, 6, 15, 15, 15, 11, 6, 6, 3, 3, 0, 7, 7, 7, 3, 10, 10, 7, 14, 14, 14, 10, 10, 19, 19, 19, 3, 21, 19, 23, 3, 3, 26, 3, 29, 29, 26, 33, 33, 33, 26, 3, 2, 0, 6, 5, 6, 2, 8, 6, 2, 8, 3, 1, 7, 7, 7, 3, 0, 10, 8, 14, 14, 14, 8, 16, 14, 21, 21, 20, 21, 8, 23, 21, 8, 2, 10, 5, 5, 2, 5, 9, 9, 5, 0, 12, 10, 17, 17, 17, 17, 10, 19, 10, 21, 19, 23, 19, 10, 3, 3, 5, 5, 0, 9, 9, 9, 5, 12, 12, 9, 5, 4, 4, 4, 9, 9, 9, 9, 9, 0, 13, 13, 13, 9, 19, 16, 19, 16, 19, 13, 23, 23, 23, 9, 23, 29, 27, 29, 29, 23, 9 ]
[ "compound", "nsubj", "ccomp", "case", "obl", "case", "nmod:poss", "amod", "obl", "case", "det", "amod", "nmod", "punct", "det", "compound", "nsubj", "root", "punct", "nsubj", "ccomp", "case", "obl", "cc", "conj", "case", "det", "amod", "obl", "case", "nummod", "nmod", "amod", "obl:tmod", "punct", "case", "nummod", "advmod", "case", "obl", "punct", "det", "nsubj", "root", "punct", "det", "compound", "nsubj", "root", "det", "advmod", "amod", "obj", "case", "nummod", "nmod", "case", "nmod", "cc", "conj", "compound", "obj", "case", "nmod:poss", "obl", "case", "nmod", "nummod", "punct", "advmod", "det", "nsubj", "aux", "acl:relcl", "det", "obj", "case", "det", "nmod", "punct", "advmod", "det", "nsubj", "aux", "root", "det", "compound", "obj", "case", "nummod", "obl", "punct", "det", "nsubj", "root", "mark", "det", "compound", "nsubj", "aux", "advmod", "ccomp", "det", "obj", "case", "det", "compound", "nmod:poss", "case", "nmod", "case", "nmod", "punct", "det", "nsubj", "aux", "root", "obj", "case", "nmod", "det", "obl:tmod", "punct", "mark", "det", "amod", "nsubj", "advcl", "mark", "xcomp", "nmod:poss", "obj", "case", "nmod", "punct", "advcl", "compound", "obj", "mark", "xcomp", "det", "obj", "mark", "advcl", "obj", "compound:prt", "case", "det", "obl", "punct", "nsubj", "case", "amod", "nmod", "root", "cc", "nsubj", "case", "nmod", "punct", "nsubj", "aux", "aux", "acl:relcl", "punct", "conj", "punct", "cc", "amod", "obl:tmod", "amod", "nsubj", "case", "det", "nmod", "case", "nmod", "root", "punct", "case", "compound", "obl", "case", "amod", "compound", "obl", "punct", "punct", "nsubj", "cop", "advmod", "advmod", "ccomp", "case", "det", "obl", "punct", "punct", "root", "compound", "nsubj", "punct", "compound", "appos", "case", "det", "compound", "nmod", "case", "compound", "nmod", "punct", "compound", "nsubj", "root", "det", "nsubj", "aux", "cop", "ccomp", "mark", "xcomp", "compound:prt", "obj", "case", "det", "obl", "case", "obl", "det", "nsubj", "case", "amod", "nmod", "aux", "ccomp", "advmod", "punct", "det", "nsubj", "case", "det", "nmod", "punct", "nsubj", "parataxis", "punct", "aux", "root", "mark", "compound", "nsubj", "aux", "ccomp", "det", "obj", "mark", "nsubj", "advcl", "xcomp", "advmod", "case", "det", "obl", "case", "nmod", "punct", "case", "obl", "punct", "nsubj", "case", "amod", "amod", "nmod", "root", "xcomp", "advmod", "det", "obj", "punct", "cc", "nsubj", "conj", "advmod", "advmod", "case", "obl", "punct", "punct", "nsubj", "aux", "advmod", "advmod", "ccomp", "compound:prt", "det", "obj", "punct", "punct", "compound", "nsubj", "root", "punct", "punct", "nsubj", "aux", "advmod", "fixed", "root", "advmod", "case", "det", "amod", "obl", "nsubj", "cop", "advmod", "acl:relcl", "punct", "punct", "nsubj:pass", "aux:pass", "root", "case", "amod", "compound", "obl", "punct", "det", "dep", "case", "det", "compound", "nmod", "punct", "case", "det", "amod", "obl", "case", "nmod", "case", "obl", "punct", "det", "obj", "case", "nummod", "nmod", "case", "det", "amod", "nmod", "punct", "nsubj", "root", "det", "compound", "amod", "obj", "case", "nmod", "punct", "nsubj", "case", "nmod", "cc", "amod", "amod", "conj", "root", "nummod", "obj", "case", "det", "amod", "obl", "case", "nmod", "case", "det", "compound", "amod", "obl", "case", "nmod", "punct", "det", "nsubj", "case", "compound", "nmod", "acl", "case", "amod", "nmod", "root", "nummod", "obj", "case", "det", "nummod", "amod", "obl", "mark", "advcl", "nummod", "obj", "case", "obl", "punct", "det:predet", "det", "nsubj:pass", "aux:pass", "root", "case", "amod", "amod", "obl", "case", "compound", "nmod", "punct", "det", "compound", "dep", "nsubj", "punct", "advmod", "punct", "cop", "root", "case", "det", "amod", "nmod", "case", "det", "nmod:poss", "case", "amod", "nmod", "cc", "aux:pass", "advmod", "conj", "advmod", "mark", "amod", "nsubj:pass", "aux:pass", "advcl", "punct" ]
[ "UNDER", "A", "PROPOSAL", "by", "Democrats", "to", "expand", "Individual", "Retirement", "Accounts", ",", "a", "$", "2,000", "contribution", "by", "a", "taxpayer", "in", "the", "33", "%", "bracket", "would", "save", "$", "330", "on", "his", "taxes", ".", "The", "savings", "was", "given", "incorrectly", "in", "Friday", "'s", "edition", "." ]
[ 3, 3, 25, 5, 3, 7, 3, 10, 10, 7, 25, 15, 15, 13, 25, 18, 18, 15, 23, 23, 22, 23, 18, 25, 0, 25, 26, 30, 30, 25, 25, 2, 4, 4, 0, 4, 9, 9, 7, 4, 4 ]
[ "case", "det", "obl", "case", "nmod", "mark", "acl", "compound", "compound", "obj", "punct", "det", "amod", "compound", "nsubj", "case", "det", "nmod", "case", "det", "compound", "amod", "nmod", "aux", "root", "obj", "nummod", "case", "nmod:poss", "obl", "punct", "det", "nsubj:pass", "aux:pass", "root", "advmod", "case", "nmod:poss", "case", "obl", "punct" ]
[ "Korean", "car", "exports", "have", "slid", "about", "40", "%", "so", "far", "this", "year", ",", "but", "auto", "makers", "here", "are", "n't", "panicking", ".", "They", "are", "enjoying", "domestic", "sales", "that", "are", "more", "than", "making", "up", "for", "lost", "overseas", "sales", ".", "South", "Korean", "consumers", "are", "expected", "to", "buy", "almost", "500,000", "passenger", "cars", "this", "year", ",", "up", "60", "%", "from", "1988", ".", "In", "fact", ",", "some", "auto", "executives", "suggest", "that", "slackened", "demand", "for", "their", "cars", "in", "the", "U.S.", "and", "Canada", "is", "a", "blessing", ";", "otherwise", "they", "would", "n't", "be", "able", "to", "keep", "up", "with", "demand", "in", "the", "more", "profitable", "local", "market", ".", "``", "We", "are", "very", "lucky", "to", "easily", "change", "an", "export", "loss", "to", "domestic", "plus", ",", "''", "says", "Hong", "Tu", "Pyo", ",", "managing", "director", "of", "domestic", "marketing", "for", "Hyundai", "Motor", "Co", ".", "As", "it", "is", ",", "waiting", "lists", "of", "a", "month", "are", "n't", "unusual", "for", "popular", "models", ".", "Demand", "is", "so", "strong", "that", "all", "of", "the", "domestic", "makers", "--", "Hyundai", ",", "Kia", "Motors", "Corp.", ",", "Daewoo", "Motor", "Co.", "and", "even", "upstart", "SsangYong", "Motor", "Co.", "--", "plan", "to", "build", "more", "factories", ".", "Industry", "analysts", "predict", "that", "by", "1995", ",", "South", "Korea", "will", "be", "building", "three", "million", "cars", "a", "year", "--", "about", "half", "of", "that", "for", "export", ".", "It", "'s", "an", "optimistic", "move", "in", "a", "industry", "already", "facing", "world-wide", "overcapacity", ".", "But", "South", "Korean", "auto", "makers", "are", "confident", "that", "the", "export", "market", "will", "bounce", "back", "and", "that", "demand", "in", "Korea", "will", "stay", "strong", ".", "Currently", "only", "one", "in", "38", "South", "Koreans", "owns", "a", "car", ",", "up", "from", "one", "in", "200", "a", "decade", "ago", ".", "``", "In", "the", "year", "2000", "it", "will", "be", "one", "car", "per", "family", ".", "At", "that", "point", "domestic", "sales", "will", "slow", "down", ",", "''", "says", "Kim", "Yoon", "Kwon", ",", "director", "of", "marketing", "for", "Daewoo", "Motor", ".", "The", "reason", "for", "the", "tremendous", "demand", "is", "simple", ":", "South", "Koreans", "suddenly", "have", "a", "lot", "more", "money", ".", "``", "We", "never", "thought", "we", "'d", "own", "a", "car", ",", "''", "says", "Kwang", "Ok", "Kyong", ",", "who", "just", "bought", "a", "Daewoo", "LeMans", "on", "a", "five-year", "loan", ".", "She", "and", "her", "husband", "started", "a", "small", "printing", "business", "and", "need", "the", "car", "for", "work", "as", "well", "as", "for", "weekend", "jaunts", ".", "Pay", "raises", "of", "60", "%", "over", "the", "past", "three", "years", "have", "given", "many", "South", "Koreans", "the", "money", "to", "enjoy", "the", "things", "they", "were", "supplying", "the", "rest", "of", "the", "world", ".", "The", "success", "of", "newcomer", "SsangYong", "Motor", "shows", "the", "strength", "of", "the", "auto", "market", "and", "its", "growing", "diversity", ".", "A", "part", "of", "the", "construction-oriented", "conglomerate", "SsangYong", "Group", ",", "it", "took", "over", "the", "dying", "Dong-A", "Motor", "Co.", "in", "1986", ".", "SsangYong", "began", "making", "variations", "of", "the", "Jeep-like", "``", "Korando", "''", "vehicle", ".", "(", "Dong-A", "had", "had", "a", "technology", "agreement", "with", "Jeep", "maker", "American", "Motors", "Corp.", ",", "now", "a", "part", "of", "Chrysler", "Corp", ".", ")", "The", "most", "popular", "style", "is", "the", "stretched", "``", "Family", ",", "''", "which", "resembles", "a", "Ford", "Bronco", "or", "Chevy", "Blazer", ".", "The", "four-wheel-drive", "vehicles", "start", "at", "$", "15,000", ";", "a", "Family", "can", "cost", "over", "$", "25,000", ".", "SsangYong", ",", "which", "has", "only", "about", "3", "%", "of", "the", "domestic", "market", ",", "will", "sell", "about", "18,000", "of", "its", "models", "this", "year", ",", "twice", "as", "many", "as", "last", "year", ".", "It", "sees", "sales", "rising", "45", "%", "to", "26,000", "units", "next", "year", ".", "The", "company", "plans", "to", "expand", "plant", "capacity", "50", "%", "by", "1991", ".", "By", "then", "it", "also", "hopes", "to", "begin", "producing", "a", "passenger", "car", "based", "on", "the", "Volvo", "240", "and", "selling", "for", "about", "$", "20,000", ".", "Hyundai", "and", "Daewoo", "seem", "unconcerned", "about", "the", "SsangYong", "threat", ",", "but", "Kia", ",", "the", "scrappy", "No.3", "auto", "maker", ",", "is", "selling", "four-wheel-drive", "vehicles", "through", "its", "Asia", "unit", ".", "It", "plans", "to", "sell", "1,700", "units", "in", "1989", ".", "Kia", ",", "the", "only", "Korean", "car", "maker", "that", "has", "seen", "its", "overseas", "sales", "grow", "in", "1989", ",", "aims", "at", "Korea", "'s", "common", "man", ".", "Its", "advantage", "has", "been", "the", "peppy", "little", "Pride", ",", "sold", "as", "the", "Ford", "Festiva", "in", "the", "U.S.", ".", "At", "3.8", "million", "won", ",", "or", "$", "5,700", ",", "the", "econobox", "is", "the", "lowest-priced", "car", "in", "South", "Korea", ".", "Along", "with", "two", "larger", "models", ",", "the", "company", "claims", "18", "%", "of", "the", "domestic", "market", ".", "Ford", "Motor", "Co.", "and", "Japan", "'s", "Mazda", "Motor", "Corp.", "have", "equity", "interests", "in", "Kia", ".", "Kia", "is", "the", "most", "aggressive", "of", "the", "Korean", "Big", "Three", "in", "offering", "financing", ".", "Loans", "for", "as", "long", "as", "five", "years", "make", "the", "cars", "very", "accessible", ",", "with", "monthly", "payments", "as", "low", "as", "80,000", "won", ",", "or", "$", "120", ".", "Daewoo", "Motor", ",", "a", "50-50", "joint", "venture", "with", "General", "Motors", "Corp.", "and", "the", "Daewoo", "Group", "conglomerate", ",", "is", "the", "only", "auto", "maker", "that", "appears", "to", "be", "hurting", ".", "Shipments", "of", "its", "Lemans", "to", "GM", "'s", "Pontiac", "division", "are", "off", "about", "65", "%", "from", "a", "year", "ago", ",", "versus", "a", "44", "%", "decline", "for", "Hyundai", "and", "an", "18", "%", "increase", "for", "Kia", ".", "Moreover", ",", "Daewoo", "'s", "domestic", "sales", "have", "grown", "half", "as", "fast", "as", "sales", "of", "its", "rivals", ".", "The", "big", "problem", "for", "Daewoo", ",", "which", "holds", "about", "21", "%", "of", "the", "market", ",", "is", "the", "long", "series", "of", "labor", "disruptions", "it", "suffered", "this", "year", ".", "But", "Daewoo", "is", "expanding", "too", ".", "In", "fact", ",", "a", "sister", "company", ",", "Daewoo", "Shipbuilding", "and", "Heavy", 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[ "compound", "nsubj", "root", "det", "compound", "amod", "obj", "case", "amod", "amod", "nmod", "punct", "cc", "det", "nsubj", "conj", "mark", "advcl", "amod", "obj", "case", "det", "nmod", "punct", "compound", "nsubj", "ccomp", "nummod", "obj", "punct", "det", "amod", "punct", "conj", "cc", "conj", "nsubj", "root", "amod", "nsubj", "cop", "ccomp", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "advmod", "case", "obl", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "det", "obl:npmod", "advmod", "punct", "compound", "nsubj:pass", "aux:pass", "root", "case", "det", "advmod", "amod", "obl", "punct", "case", "compound", "obl", "punct", "nsubj", "case", "det", "nummod", "nmod", "root", "det", "obj", "case", "nmod", "nummod", "det", "obl:npmod", "case", "nmod", "case", "det", "compound", "nmod", "cc", "compound", "compound", "conj", "punct", "advmod", "acl", "case", "det", "obl", "case", "nummod", "nmod", "det", "obl:npmod", "case", "nmod", "case", "amod", "compound", "compound", "nmod", "punct", "det", "amod", "nsubj", "root", "det", "obj", "case", "nummod", "nmod", "det", "obl:npmod", "case", "det", "amod", "obl", "case", "det", "compound", "nmod", "punct", "mark", "det", "nsubj", "acl", "amod", "obl:tmod", "advcl", "det", "amod", "compound", "obj", "punct", "nsubj", "case", "det", "nmod", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "punct", "case", "obl", "compound", "nummod", "punct", "mark", "det", "nummod", "amod", "compound", "nsubj", "advcl", "obj", "punct", "det", "nsubj", "root", "compound", "cc", "conj", "nsubj", "cop", "case", "nummod", "advmod", "case", "det", "dep", "case", "obl", "compound", "nummod", "punct", "cc", "compound", "nsubj", "conj", "nummod", "obj", "case", "obl", "compound", "nummod", "punct", "advmod", "case", "fixed", "amod", "compound", "conj", "case", "compound", "cc", "conj", "nmod", "punct", "amod", "nsubj", "ccomp", "nummod", "obj", "case", "obl", "compound", "nummod", "punct", "advmod", "case", "fixed", "amod", "obl", "case", "compound", "nmod", "cc", "amod", "compound", "compound", "conj", "punct", "nsubj", "root", "punct", "det", "nsubj", "root", "det", "compound", "obj", "case", "nmod", "compound", "nummod", "punct", "case", "det", "obl", "case", "nmod", "compound", "nummod", "det", "obl:npmod", "advmod", "punct", "advmod", "punct", "advcl", "det", "amod", "obj", "case", "nmod", "case", "compound", "nmod", "punct", "compound", "nsubj", "case", "det", "amod", "nmod", "root", "nummod", "obj", "punct", "advcl", "amod", "obj", "cc", "compound", "compound", "conj", "case", "compound", "nmod", "punct", "nsubj", "cc", "compound", "conj", "advmod", "ccomp", "punct", "nsubj", "root", "punct", "det", "compound", "compound", "nsubj", "root", "det", "compound", "amod", "compound", "obj", "case", "obl", "compound", "nummod", "punct", "det", "nsubj", "ccomp", "case", "det:predet", "det", "compound", "obl", "punct", "nsubj", "root", "punct", "compound", "nsubj", "root", "advmod", "case", "obl", "compound", "nummod", "punct", "case", "obl", "compound", "nummod", "punct", "case", "det", "nummod", "obl", "punct", "nmod:poss", "case", "nsubj", "cop", "root", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "advmod", "nummod", "obl:npmod", "case", "obl", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "det", "obl:npmod", "advmod", "punct", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "punct", "case", "obl", "compound", "nummod", "punct" ]
[ "Knight-Ridder", "Inc.", "said", "third-quarter", "earnings", "jumped", "18", "%", ",", "partly", "because", "of", "the", "sale", "of", "two", "of", "its", "media", "properties", ".", "The", "media", "concern", "said", "net", "income", "rose", "to", "$", "37.8", "million", ",", "or", "72", "cents", "a", "share", ",", "from", "$", "32", "million", ",", "or", "57", "cents", "a", "share", ",", "in", "the", "year-earlier", "period", ".", "The", "latest", "results", "include", "a", "gain", "of", "$", "4.2", "million", ",", "or", "eight", "cents", "a", "share", ",", "on", "the", "sale", "of", "television", "stations", "in", "Oklahoma", "City", "and", "Flint", ",", "Mich", ".", "Revenue", "increased", "7.5", "%", "to", "$", "540.9", "million", "from", "$", "503.1", "million", ".", "Robert", "F.", "Singleton", ",", "Knight-Ridder", "'s", "chief", "financial", "officer", ",", "said", "the", "company", "was", "``", "pleased", "''", "with", "its", "overall", "performance", ",", "despite", "only", "single-digit", "growth", "in", "newspaper", "revenue", ".", "That", "division", "'s", "revenue", "rose", "2.3", "%", "to", "$", "472.5", "million", "from", "$", "461.9", "million", "in", "the", "year-ago", "period", ".", "Gains", "in", "advertising", "revenue", ",", "however", ",", "resulted", "in", "operating", "profit", "of", "$", "78.4", "million", "--", "up", "20", "%", "from", "$", "65.6", "million", ".", "In", "New", "York", "Stock", "Exchange", "composite", "trading", ",", "Knight", "Ridder", "closed", "at", "$", "51.50", "a", "share", ",", "down", "12.5", "cents", "." ]
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[ "compound", "nsubj", "root", "amod", "nsubj", "ccomp", "nummod", "obj", "punct", "advmod", "case", "fixed", "det", "obl", "case", "nmod", "case", "nmod:poss", "compound", "nmod", "punct", "det", "compound", "nsubj", "root", "amod", "nsubj", "ccomp", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "det", "amod", "obl", "punct", "det", "amod", "nsubj", "root", "det", "obj", "case", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "det", "nmod", "case", "compound", "nmod", "case", "compound", "nmod", "cc", "conj", "punct", "appos", "punct", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "punct", "compound", "compound", "nsubj", "punct", "nmod:poss", "case", "amod", "amod", "appos", "punct", "root", "det", "nsubj", "cop", "punct", "ccomp", "punct", "case", "nmod:poss", "amod", "obl", "punct", "case", "amod", "amod", "obl", "case", "compound", "nmod", "punct", "det", "nmod:poss", "case", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "case", "det", "amod", "obl", "punct", "nsubj", "case", "compound", "nmod", "punct", "advmod", "punct", "root", "case", "compound", "obl", "case", "nmod", "compound", "nummod", "punct", "advmod", "nummod", "obl:npmod", "case", "obl", "compound", "nummod", "punct", "case", "compound", "compound", "compound", "compound", "amod", "obl", "punct", "compound", "nsubj", "root", "case", "obl", "nummod", "det", "obl:npmod", "punct", "advmod", "nummod", "obl:npmod", "punct" ]
[ "Sanwa", "Shutter", "Corp.", "said", "its", "affiliated", "company", "in", "Malaysia", ",", "established", "this", "April", ",", "will", "begin", "manufacturing", "steel", "doors", "Wednesday", ".", "Its", "partner", "in", "the", "joint", "venture", "is", "Sin", "Kean", "Boon", "Metal", "Industries", ",", "Penang", ",", "Malaysia", ".", "Company", "officials", "said", "the", "new", "company", ",", "Sin", "Kean", "Boon-Sanwa", "(", "J.V", ".", ")", "is", "capitalized", "at", "the", "equivalent", "of", "54", "million", "yen", "(", "$", "381,000", ")", ".", "The", "Japanese", "concern", "has", "a", "40", "%", "stake", ",", "while", "the", "local", "partner", "has", "a", "60", "%", "stake", ".", "The", "new", "company", "was", "created", "to", "meet", "growing", "demand", "for", "steel", "doors", ",", "concurrent", "with", "increasing", "local", "concern", "about", "fire", "prevention", ",", "the", "company", "said", "." ]
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[ "compound", "compound", "nsubj", "root", "nmod:poss", "amod", "nsubj", "case", "nmod", "punct", "acl", "det", "obl:tmod", "punct", "aux", "ccomp", "xcomp", "compound", "obj", "obl:tmod", "punct", "nmod:poss", "nsubj", "case", "det", "amod", "nmod", "cop", "compound", "compound", "compound", "compound", "root", "punct", "appos", "punct", "appos", "punct", "compound", "nsubj", "root", "det", "amod", "nsubj:pass", "punct", "compound", "compound", "appos", "punct", "appos", "punct", "punct", "aux:pass", "ccomp", "case", "det", "obl", "case", "compound", "nummod", "nmod", "punct", "appos", "nummod", "punct", "punct", "det", "amod", "nsubj", "root", "det", "compound", "amod", "obj", "punct", "mark", "det", "amod", "nsubj", "advcl", "det", "compound", "amod", "obj", "punct", "det", "amod", "nsubj:pass", "aux:pass", "dep", "mark", "xcomp", "amod", "obj", "case", "compound", "nmod", "punct", "amod", "case", "amod", "amod", "obl", "case", "compound", "nmod", "punct", "det", "nsubj", "root", "punct" ]
[ "Meredith", "Corp.", "is", "launching", "a", "new", "service", "to", "offer", "advertisers", "package", "deals", "combining", "its", "book", ",", "magazine", "and", "videocassette", "products", ".", "The", "Des", "Moines-based", "publisher", "said", "it", "created", "a", "new", "Custom", "Marketing", "Group", "that", "will", "offer", "advertisers", "special", "rates", "for", "combination", "packages", "in", "its", "magazines", ",", "such", "as", "Ladies", "Home", "Journal", "and", "Better", "Homes", "and", "Gardens", ".", "In", "addition", ",", "the", "group", "will", "create", "custom-designed", "media", "such", "as", "cookbooks", ",", "newspaper", "inserts", "and", "videos", "for", "ad", "campaigns", ".", "Earlier", "this", "year", ",", "Meredith", "sold", "its", "first", "such", "package", "for", "$", "3", "million", "to", "Kraft", "Inc.", ",", "now", "a", "unit", "of", "New", "York-based", "Philip", "Morris", "Cos", ".", "The", "Kraft", "package", "included", "a", "specially", "published", "cookbook", ",", "a", "national", "free-standing", "insert", "in", "Sunday", "newspapers", ",", "and", "a", "Kraft", "``", "advertorial", "''", "section", "that", "ran", "in", "five", "Meredith", "magazines", ".", "Kraft", "recently", "agreed", "to", "spend", "an", "additional", "$", "3", "million", "on", "similar", "programs", "through", "1990", ".", "Bill", "Murphy", ",", "director", "of", "the", "new", "marketing", "unit", ",", "said", "Meredith", "is", "negotiating", "other", "large-scale", "packages", "with", "leading", "companies", "in", "several", "product", "categories", ",", "but", "he", "would", "n't", "disclose", "their", "names", ".", "Sources", "close", "to", "the", "company", "and", "ad", "agencies", "that", "work", "with", "Meredith", "said", "leading", "advertisers", "in", "consumer", "electronics", ",", "packaged", "goods", "and", "automotive", "products", "were", "among", "those", "negotiating", "ad", "packages", "with", "the", "Meredith", "group", ".", "Other", "magazine", "publishing", "companies", "have", "been", "moving", "in", "the", "same", "direction", ".", "The", "New", "York", "Times", "Co.", "'s", "Magazine", "Group", "earlier", "this", "year", "began", "offering", "advertisers", "extensive", "merchandising", "services", "built", "around", "buying", "ad", "pages", "in", "its", "Golf", "Digest", "magazine", ".", "Time", "Warner", "Inc.", "recently", "formed", "a", "``", "synergy", "department", "''", "to", "seek", "out", "ways", "to", "offer", "advertisers", "packages", "that", "could", "combine", "Time", "'s", "magazines", "with", "Warner", "products", "such", "as", "videocassettes", ".", "Paul", "DuCharme", ",", "director", "of", "media", "services", "at", "Grey", "Advertising", ",", "said", "Meredith", "is", "the", "leader", "in", "providing", "multimedia", "packages", ".", "``", "They", "may", "get", "passed", "up", "later", "when", "other", "publishers", "get", "their", "acts", "together", ",", "but", "for", "now", "they", "are", "the", "quickest", "offering", "the", "most", "extensive", "plan", ",", "''", "he", "said", ".", "Mr.", "Murphy", "of", "Meredith", "said", "one", "advertiser", ",", "which", "he", "would", "n't", "identify", ",", "wants", "Meredith", "to", "provide", "ad", "pages", "in", "seven", "Meredith", "magazines", ",", "publish", "an", "interior-decorating", "book", "that", "will", "be", "distributed", "at", "point", "of", "purchase", ",", "give", "away", "a", "videotape", "on", "installation", "pointers", ",", "and", "possibly", "use", "Meredith", "'s", "Better", "Homes", "and", "Gardens", "'", "residential", "real-estate", "agents", "to", "distribute", "discount-coupon", "books", "to", "new", "homeowners", ".", "``", "Five", "years", "ago", ",", "magazine", "publishers", "would", "simply", "bid", "on", "an", "advertiser", "'s", "big", "ad", "schedule", "for", "their", "magazine", ",", "''", "said", "Mr.", "Murphy", ".", "``", "But", "the", "marketplace", "changed", ".", "Advertisers", "now", "say", "`", "Help", "us", "improve", "our", "image", "and", "extend", "our", "selling", "season", ".", "'", "They", "are", "coming", "to", "publishers", "looking", "for", "ideas", "." ]
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[ "Intelogic", "Trace", "Inc.", ",", "San", "Antonio", ",", "Texas", ",", "said", "it", "bought", "2.7", "million", "shares", ",", "or", "about", "18", "%", ",", "of", "its", "common", "stock", "from", "an", "unaffiliated", "shareholder", "for", "$", "3.625", "a", "share", ",", "or", "$", "9.9", "million", ".", "The", "move", "boosts", "Intelogic", "Chairman", "Asher", "Edelman", "'s", "stake", "to", "20", "%", "from", "16.2", "%", "and", "may", "help", "prevent", "Martin", "Ackerman", "from", "making", "a", "run", "at", "the", "computer-services", "concern", ".", "Mr.", "Ackerman", "already", "is", "seeking", "to", "oust", "Mr.", "Edelman", "as", "chairman", "of", "Datapoint", "Corp.", ",", "an", "Intelogic", "affiliate", ".", "The", "action", "followed", "by", "one", "day", "an", "Intelogic", "announcement", "that", "it", "will", "retain", "an", "investment", "banker", "to", "explore", "alternatives", "``", "to", "maximize", "shareholder", "value", ",", "''", "including", "the", "possible", "sale", "of", "the", "company", ".", "In", "New", "York", "Stock", "Exchange", "composite", "trading", "yesterday", ",", "Intelogic", "shares", "rose", "37.5", "cents", "to", "close", "at", "$", "2.75", ".", "Mr.", "Edelman", "declined", "to", "specify", "what", "prompted", "the", "recent", "moves", ",", "saying", "they", "are", "meant", "only", "to", "benefit", "shareholders", "when", "``", "the", "company", "is", "on", "a", "roll", ".", "''", "He", "added", ",", "``", "This", "has", "nothing", "to", "do", "with", "Marty", "Ackerman", "and", "it", "is", "not", "designed", ",", "particularly", ",", "to", "take", "the", "company", "private", ".", "''", "But", "Mr.", "Ackerman", "said", "the", "buy-back", ",", "and", "the", "above-market", "price", "paid", ",", "prove", "that", "Mr.", "Edelman", "is", "running", "scared", "." ]
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[ "compound", "compound", "nsubj", "punct", "compound", "appos", "punct", "appos", "punct", "root", "nsubj", "ccomp", "compound", "nummod", "obj", "punct", "cc", "advmod", "nummod", "conj", "punct", "case", "nmod:poss", "amod", "conj", "case", "det", "amod", "obl", "case", "obl", "nummod", "det", "obl:npmod", "punct", "cc", "conj", "compound", "nummod", "punct", "det", "nsubj", "root", "compound", "compound", "compound", "nmod:poss", "case", "obj", "case", "nummod", "obl", "case", "nummod", "obl", "cc", "aux", "conj", "ccomp", "compound", "obj", "mark", "advcl", "det", "obj", "case", "det", "compound", "obl", "punct", "compound", "nsubj", "advmod", "aux", "root", "mark", "xcomp", "compound", "obj", "case", "obl", "case", "compound", "nmod", "punct", "det", "compound", "appos", "punct", "det", "nsubj", "root", "case", "nummod", "obl", "det", "compound", "obj", "mark", "nsubj", "aux", "ccomp", "det", "compound", "obj", "mark", "advcl", "obj", "punct", "mark", "acl", "compound", "obj", "punct", "punct", "case", "det", "amod", "nmod", "case", "det", "nmod", "punct", "case", "compound", "compound", "compound", "compound", "amod", "obl", "obl:tmod", "punct", "compound", "nsubj", "root", "nummod", "obj", "mark", "advcl", "case", "obl", "nummod", "punct", "compound", "nsubj", "root", "mark", "xcomp", "nsubj", "ccomp", "det", "amod", "obj", "punct", "xcomp", "nsubj:pass", "aux:pass", "ccomp", "advmod", "mark", "xcomp", "obj", "advmod", "punct", "det", "nsubj", "cop", "case", "det", "advcl", "punct", "punct", "nsubj", "root", "punct", "punct", "nsubj", "ccomp", "obj", "mark", "acl", "case", "compound", "obl", "cc", "nsubj:pass", "aux:pass", "advmod", "conj", "punct", "advmod", "punct", "mark", "xcomp", "det", "nsubj", "xcomp", "punct", "punct", "cc", "compound", "nsubj", "root", "det", "nsubj", "punct", "cc", "det", "amod", "conj", "acl", "punct", "ccomp", "mark", "compound", "nsubj", "aux", "ccomp", "ccomp", "punct" ]
[ "Gen.", "Paul", "X.", "Kelley", ",", "retired", "commandant", "of", "the", "U.S.", "Marine", "Corps", ",", "was", "elected", "a", "director", "of", "this", "plastics", ",", "specialty", "materials", "and", "aerospace", "concern", ",", "succeeding", "Jewel", "Lafontant", ",", "who", "resigned", "to", "accept", "a", "government", "position", "." ]
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[ "compound", "compound", "compound", "nsubj:pass", "punct", "amod", "appos", "case", "det", "compound", "compound", "nmod", "punct", "aux:pass", "root", "det", "xcomp", "case", "det", "compound", "punct", "dep", "nmod", "cc", "compound", "conj", "punct", "xcomp", "compound", "obj", "punct", "nsubj", "acl:relcl", "mark", "xcomp", "det", "compound", "obj", "punct" ]
[ "Birmingham", "Steel", "Corp.", "said", "that", "its", "Emeryville", ",", "Calif.", ",", "minimill", "sustained", "only", "minor", "damage", "from", "last", "week", "'s", "earthquake", ".", "Steelmaking", "resumed", "Oct.", "18", ",", "but", "the", "company", "expects", "production", "to", "be", "hampered", "in", "the", "next", "few", "months", "by", "traffic", "disruptions", "around", "the", "plant", "and", "outages", "for", "repair", "to", "gas", "and", "electric", "power", "systems", "." ]
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"Steinhardt", "was", "pitted", "against", "another", "investor", ",", "billionnaire", "Warren", "Buffett", ",", "who", "bought", "into", "USAir", "to", "help", "fend", "off", "Mr.", "Steinhardt", ".", "Mr.", "Buffett", "'s", "firm", ",", "Berkshire", "Hathaway", ",", "holds", "a", "much", "bigger", "stake", "in", "the", "carrier", "than", "Mr.", "Steinhardt", "'s", "firm", ",", "Steinhardt", "Partners", ".", "Now", ",", "in", "the", "wake", "of", "UAL", "'s", "troubles", "in", "financing", "its", "buy-out", ",", "the", "airline", "raiding", "game", "has", "been", "grounded", ".", "Instead", "of", "hoping", "to", "sell", "his", "USAir", "stake", "at", "analysts", "'", "estimated", "buy-out", "price", "of", "$", "80", "a", "share", ",", "Mr.", "Steinhardt", "is", "stuck", "with", "roughly", "3.7", "million", "USAir", "shares", "that", "cost", "him", "$", "45", ",", "on", "average", ",", "but", "yesterday", "closed", "at", "40", "1/2", ",", "up", "1/4", ",", "in", "New", "York", "Stock", "Exchange", "composite", "trading", ".", "``", "It", "does", "n't", "make", "sense", "to", "parachute", "out", "at", "this", "price", ",", "''", "Mr.", "Steinhardt", "says", ",", "though", "he", "has", "stopped", "his", "takeover", "talk", "and", "now", "commends", "USAir", "managers", "'", "``", "operating", "skills", ".", "''", "At", "the", "current", "price", ",", "the", "USAir", "holding", "represents", "9", "%", "of", "all", "the", "assets", "that", "Mr.", "Steinhardt", "manages", ".", "A", "week", "ago", ",", "USAir", "stock", "briefly", "soared", "above", "52", "after", "a", "report", "in", "USA", "Today", "that", "Mr.", "Steinhardt", "might", "launch", "a", "hostile", "bid", "for", "the", "carrier", ",", "though", "takeover", "speculators", "say", "they", "were", "skeptical", ".", "``", "If", "USAir", "is", "worth", "80", "as", "a", "takeover", "and", "the", "stock", "went", "to", "52", ",", "the", "market", "was", "saying", "Steinhardt", "'s", "presence", "was", "n't", "worth", "anything", ",", "in", "terms", "of", "getting", "a", "deal", "done", ",", "''", "says", "a", "veteran", "takeover", "speculator", ".", "Traders", "say", "this", "all", "goes", "to", "show", "that", "even", "the", "smartest", "money", "manager", "can", "get", "infected", "with", "crowd", "passions", ".", "In", "trying", "to", "raid", "USAir", ",", "Mr.", "Steinhardt", "abandoned", "his", "usual", "role", "as", "a", "passive", "investor", ",", "and", "ran", "into", "snags", ".", "Moreover", ",", "unlike", "Mr.", "Buffett", ",", "who", "often", "holds", "big", "stakes", "in", "companies", "for", "years", ",", "Mr.", "Steinhardt", "has", "n't", "in", "the", "past", "done", "much", "long-term", "investing", ".", "Mr.", "Steinhardt", ",", "who", "runs", "about", "$", "1.7", "billion", "for", "Steinhardt", "Partners", ",", "made", "his", "name", "as", "a", "gunslinging", "trader", ",", "moving", "in", "and", "out", "of", "stocks", "with", "agility", "--", "enriching", "himself", "and", "his", "investment", "clients", ".", "Meanwhile", ",", "his", "big", "losses", ",", "for", "instance", "in", "1987", "'s", "crash", ",", "generally", "have", "been", "trading", "losses", ".", "So", ",", "some", "see", "a", "special", "irony", "in", "the", "fact", "that", "Mr.", "Steinhardt", ",", "the", "trader", ",", "now", "is", "encumbered", "with", "a", "massive", ",", "illiquid", "airline", "holding", ".", "Analysts", "say", "USAir", "stock", "might", "lose", "four", "or", "five", "points", "if", "the", "Steinhardt", "stake", "was", "dumped", "all", "at", "once", ".", "As", "a", "result", ",", "Mr.", "Steinhardt", "must", "reconcile", "himself", "to", "selling", "USAir", "at", "a", "loss", ",", "or", "to", "holding", "the", "shares", "as", "an", "old-fashioned", "investment", ".", "``", "Long-term", "investing", "--", "that", "'s", "not", "Steinhardt", "'s", "style", ",", "''", "chuckles", "an", "investor", "who", "once", "worked", "at", "Steinhardt", "Partners", ".", "``", 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"over", "the", "carrier", ".", "Mr.", "Icahn", ",", "a", "much", "more", "practiced", "raider", "than", "Mr.", "Steinhardt", ",", "eventually", "sold", "a", "big", "USAir", "stake", "at", "a", "tiny", "profit", "through", "Bear", ",", "Stearns", ".", "Mr.", "Steinhardt", "also", "could", "take", "that", "route", ".", "He", "confers", "big", "trading", "commissions", "on", "Wall", "Street", "firms", ".", "However", ",", "with", "airline", "stocks", "cratering", ",", "he", "might", "not", "get", "a", "very", "good", "price", "for", "his", "shares", ",", "traders", "say", ".", "Especially", "galling", "for", "Mr.", "Steinhardt", ",", "say", "people", "close", "to", "him", ",", "is", "that", "USAir", "'s", "Mr.", "Colodny", "wo", "n't", "even", "take", "his", "telephone", "calls", ".", "While", "USAir", "is", "n't", "considered", "absolutely", "takeover-proof", ",", "its", "defenses", ",", "including", "the", "sale", "in", "August", "of", "a", "12", "%", "stake", "in", "the", "company", "to", "Mr.", "Buffett", "'s", "Berkshire", "Hathaway", ",", "are", "pretty", "strong", ".", "USAir", "'s", "deal", "with", "Mr.", "Buffett", "``", "was", "n't", "exactly", "a", "shining", "example", "of", "shareholder", "democracy", ",", "''", "Mr.", "Steinhardt", "says", ".", "Since", "last", "April", ",", "the", "investor", "has", "made", "seven", "so-called", "13D", "filings", "in", "USAir", ",", "as", "he", "bought", "and", "sold", "the", "company", "'s", "stock", ".", "Such", "disclosures", "of", "big", "holdings", "often", "are", "used", "by", "raiders", "to", "try", "to", "scare", "a", "company", "'s", "managers", ",", "and", "to", "stir", "interest", "in", "the", "stock", ".", "But", "of", "course", "it", "would", "be", "highly", "unusual", "for", "an", "investment", "fund", "such", "as", "Steinhardt", "Partners", "to", "take", "over", "a", "company", ".", "USAir", "and", "Mr.", "Buffett", "wo", "n't", "talk", "about", "Mr.", "Steinhardt", "at", "all", ".", "Analysts", "say", "USAir", "has", "great", "promise", ".", "By", "the", "second", "half", "of", "1990", ",", "USAir", "stock", "could", "hit", "60", ",", "says", "Helane", "Becker", "of", "Shearson", "Lehman", "Hutton", ".", "She", "thinks", "traders", "should", "buy", "the", "stock", "if", "it", "tumbles", "to", "35", ".", "But", "meanwhile", ",", "USAir", "is", "expected", "to", "show", "losses", "or", "lackluster", "profit", "for", "several", "quarters", "as", "it", "tries", "to", "digest", "Piedmont", "Airlines", ",", "which", "it", "acquired", ".", "Moreover", ",", "some", "investors", "think", "a", "recession", "or", "renewed", "airfare", "wars", "will", "pummel", "airline", "stocks", "in", "coming", "months", ".", "However", ",", "Mr.", "Steinhardt", "says", "he", "'s", "``", "comfortable", "holding", "USAir", "as", "an", "investment", ".", "''", "While", "he", "has", "bought", "and", "sold", "some", "USAir", "shares", "in", "recent", "days", ",", "he", "says", "that", "contrary", "to", "rumors", 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